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NINETY-NINTH
ANNUAL REPORT
OF THE

Comptroller of the Currency




1961

WASHINGTON : 1962

TBEASUBY DEPARTMENT

Document No. 3227
Comptroller of the Currency

For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington 25, D.O. - Price $2.00




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

Washington, D.C., October 28, 1962.
SIRS: In accordance with the provisions of section 333 of the
United States Revised Statutes, I have the honor to submit the
following report covering the activities of the Bureau of the Comptroller of the Currency for the year 1961.
Respectfully,
JAMES J. SAXON,

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




HI

ANNUAL REPORT
OF THE

COMPTROLLER OF THE CURRENCY
STATUS OF NATIONAL BANKING SYSTEM

The 4,520 banks supervised by the Comptroller of the Currency
had total assets of $151.6 billion at the end of 1961. This represents
47.0 percent of the assets in the commercial and savings banks of the
Nation, and 54.3 percent of commercial banking assets. Commercial
banks numbering 8,898 which are supervised by State banking
authorities held assets of $127.9 billion, and 515 State-chartered and
supervised mutual savings banks had assets of $42.8 billion. For all
commercial and mutual savings banks, assets were $322.3 billion, an
increase of $23.4 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
Not members of FedFederal Reserve Sys- Members of Federal
eral Reserve or Fedtem and Federal
Deposit Insurance
eral Deposit InsurDeposit Insurance
ance Corporation
Corporation only
Corporation
Number

National banks
State commercial banks
Mutual savings banks
Total

Total
assets

Number

Total
assets

Number

Total
assets

i 4,517
2 1,595
2 1

$151,423
83,673
16

13
3 7,001
«329

$196
42,082
37,049

*302
4 185

$2,129
5,768

6,113

235,112

7,333

79,327

487

7,897

Recapitulation
Number
National banks
State commercial banks
Mutual savings banks
Head offices
Branches
Total banking offices
1

_
_

Branches

Total
assets

Increase
for 1961

i 4,520
8,898
515

5,856
5,327
544

$151,619
127,884
42,833

$11,623
9,521
2,259

13,933
11,727

11,727

322,336

23,403

25 660

Supervised by Comptroller of the Currency. (Includes 7 nonnational banks in the District of Columbia,
4 member and 3 nonmember insured banks with 31 branches.)
2 Supervised by State banking departments and the Federal Reserve System. (Includes 1 member
nondeposit trust company.)
*
4 Supervised by State banking departments and Federal Deposit Insurance Corporation.
Supervised by State banking departments only.




2

REPORT OP THE COMPTROLLER OP THE CURRENCY

The complexity of our society, the size of the large corporations
necessary to our standard of living and economic growth, the increasing cost of government caused in large measure by needs of
national defense, and now of space exploration, require a national
banking system capable of providing adequate financing to support
our economy, our industry, and our nation.1
We are of the opinion that the growth of our national banking system has not been up to potential, both in relation to size comparative
to other financial institutions and with respect to its contributions
to the economic growth of this nation. There are several reasons
for this. The fact that savings and loan institutions have achieved
more rapid growth than national banks, as illustrated in the chart
below, is attributed to the fact that they have been in a position to
offer more attractive savings interest rates because of their favored
tax status and lower liquidity requirements.
For far too long the States have been in a position to impede the
progress of the national banking system. In no other industry of
which we are aware are there imposed such restrictions on growth
and expansion as in banking. It is ironic that although as early in
our national life as 1790, there was recognized the need for a 2national
bank to serve the fiscal and monetary needs of the3 Nation, and as
early as 1819, it was decided in a landmark decision that the States
could not constitutionally interfere with national banks, yet as late
as 1962 we find the growth of the national banking system being
seriously retarded by the States.4
We have recently solicited the aid of every national bank in identifying, appraising, and developing methods to eliminate restrictions
hampering the performance of our national banking system. We
are undertaking a comprehensive review of all laws and administrative
rulings to determine which should be eliminated or modified. We
have appointed an advisory committee to assist us in this task. We
envision that completion of this task will see more realistic laws
enacted with a view to permitting our national banking system to
serve properly the financial needs of our present-day economy.
Growth of Financial Institutions
Commercial bank assets increased $21.1 billion during 1961, as
compared to $12.9 billion in 1960 and $5.3 billion in 1959. During
the past decade the average annual growth of commercial bank assets
was $9.9 billion per year. The growth of financial institutions during
the past 10-year period was at a rapid rate, but in those organizations
which have been in a position to offer more attractive savings interest
rates because of their favored tax status and lower liquidity requirements, the growth was dynamic. Relative growth by classes during
the past 10-year period is presented in the following table.
» Decision of Comptroller of the Currency James J. Saxon on the application to merge Bank of Livonia,
Livonia, Mich., and the National Bank of Detroit, Detroit, Mich,
a Alexander Hamilton, Report on a National Bank, Annuals of Congress, vol. 2, p. 2098.
* McCulloch v. Maryland (1819), 4 Wheat. 316.
« Same as 1.




REPORT OF THE COMPTROLLER OF THE CURRENCY
Financial instiiutions
(Total assets)
[Dollars in millions]
Dec. 31, 1951 Dec. 30, 1961 Percent of
increase
Commercial banks
Mutual savings banks
Savings and loan associations
Federal and State chartered credit unions

$180,424
23,439
19,164
1,198

$279,503
42,833
82,096

» 5,658

54.9
82.7
328.4
372.3

i Data as of Dec. 31, 1960.

Status oj National Banks
The number of operating national banks was reduced by 17 during
1961. This compares with reductions of 12 in 1960, 43 in 1959, 42 in
1958, 32 in 1957, and 41 in 1956. Although the number of banks in
the national banking system has continued to decrease, the upward
trend in total assets prevails. Their total assets, after deduction of
$1.7 billion of reserves for bad debts, and other valuation reserves
were $150.8 billion at the end of 1961, a gain of $11.5 billion. The
national banking system absorbed 52 State banks in 1961 through
consolidations, mergers, purchases, and conversions for a gain in
assets of $854.2 million, while 17 national banks with $268.1 million of
assets went into the State banking systems by the same routes. A
net gain of $586.1 million in assets accrued from these sources for the
national banking system.
Based upon management competence, experience and continuity,
quality of assets, earning capacity and retention, and capital funds
and reserves, the national banking system continues in excellent
condition.
Deposits
At the end of 1961 total deposits of all national banks were $135.5
billion, an increase of $10.6 billion over the prior year.
The total deposits of national banks and the average effective
interest rate paid on time and savings deposits are set forth below for
the years 1957 through 1961.
[Dollars in millions]
Total deposits

Dec. 31,1957 Dec. 31,1958 Dec. 31,1959 Dec. 31,1960 Dec. 31,1961

Demand
Time and savings*

$77,881.0
31,555.3

$81,351.8
35,734.3

$82,703.1
36,934.6

$84,754.0
40,156.8

$89,965.5
45,545.1

Total _
Interest paid*
Average rate (percent)

109,436.3
636.0
2.02

117,086.1
762.3
2.13

119,637.7
866.7
2.35

124,910.8
978.7
2.44

135,510.6
1,158.5
2.54




4

REPORT OF THE COMPTROLLER OF THE CURRENCY

Loans
The national banking system again reported a moderate increase in
loans and discounts. As of December 30, 1961, and before deduction
of valuation reserves, the loan portfolios of all national banks aggregated $68.7 billion, a gain of $3.7 billion over the previous year end.
This increase during 1961 represents a growth rate of 5.76 percent
and may be contrasted with an increase in total assets of 8.29 percent
and an increase in total deposits of 8.48 percent during the same period.
All major categories experienced increases during 1961. It is
noted that single-payment loans for personal use and loans for purchasing and carrying securities reflected the highest rates of increase.
Conventional mortgage loans on nonfarm real estate (included in the
schedule below under "Keal Estate Loans"), which increased $1,002
million, and loans for commercial and industrial purposes, which
increased $906.5 million, reflected the largest dollar gains. Decreases
were revealed in real estate loans insured or guaranteed by the Veterans' Administration (down $157.6 million) and in two categories of
installment consumer loans.
The following table indicates the dollar amounts and percentages of
increase or decrease in the major elements comprising loans and
discounts of national banks.
[In thousands of dollars]
1960

Real estate loans
_
_
_
Loans tofinancialinstitutions.
_._
Loans for purchasing or carrying securities
Loans to farmers (excluding loans secured by real estate)
Commercial and industrial loans (excluding loans secured by
real estate)
_
Installment consumer loans to individuals for—
Autos (including purchased paper)
Other retail consumer goods (including purchased paper).
Home improvement
Personal expenditures
Total installment consumer loans...
Single-payment loans for personal expenditures
All other loans
Total loans and discounts (gross)

1961

Percentage
change

15,534,206
4,279,954
2,114,874
2, 748,346

16,547,006
4,616, 737
2,375,371
3,081, 359

23,979,387

24,885,922

5,000,920
1,629,528
1, 586,474
2,300,118

5,058,655
1,608,970
1,579,172
2,405,115

10, 517, 040

10,651,912

1.3

4,192, 548
1,633,850

4,800, 530
1, 789,089

14.5
9.5

65,000,205

68,747,926

5.8

6.5
7.9
12.3
12.1

1.2
-1.3
— .5
4.6

Liquidity
The national banking system diverted a sufficient amount of deposit increases realized during 1961 to primary and secondary reserves
so that basic liquidity on December 30, 1961, was comparable with
that for the preceding year end. The following tables provide a
comparison of balance sheet factors affecting the basic and short-term




REPORT OF THE COMPTROLLER OF THE CURRENCY

5

liquidity position of all national banks for a 10-year period. These
computations are presented only as an indicator of trends within the
national banking system as a whole. Their application as a standard
to a specific bank should be approached with caution.
Basic liquidity of the national banking system
[In millions of dollars]
Cash and
balances
with other
banks
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

_ .

U.S. Government
obligations

Less bills
payable
and rediscounts

26,399.4
26, 545.5
25, 721. 9
25, 763. 4
27,082. 5
26,865.1
26,864.8
27,464.2
28,674. 5
31,078.4

35,936.4
35, 588. 8
39, 507. 0
33,690. 8
31, 680.1
31, 338.1
35, 824.8
31, 761. 0
32, 711.7
36,087.7

75.9
14.9
11.1
107.8
18.7
38.3
43.0
340.4
110.6
224.6

Net

62, 259. 9
62,119.4
65,217. 8
59.346.4
58,743. 9
58,164. 9
62,646.6
58,884.8
61,275.6
66,941. 5

Deposits

99,257.8
100.947.2
106,145.8
104.218.0
107,494. 8
109, 436. 3
117.086.1
119,637. 7
124,910.9
135,510.6

Percent
of
coverage

62.73
61.54
61.44
56.94
54.65
53.15
53.50
49.22
49.06
49.39

Short-term liquidity of the national banking system
[In millions of dollars]

Treasury
bills

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

-

4,486.1
2,575.9
2,906.1
2,014.5
2,808.1
2, 491.8
3,122. 6
3, 006.1
3,932.2
5,889.3

Treasury
certificates
of indebtedness

Cash and
balances
with other
banks

3,073.1
5,810.9
2,993.0
1,265. 5
1,051.0
2,478. 7
3,633.1
1,202. 3
1,395.8
1,143. 5

26,399.4
26,545.5
25, 721.9
25, 763. 4
27,082. 5
26,865.1
26,864.8
27,464. 2
28,674. 5
31,078.4

Total

Deposits

33,958.6
34,932.3
31,621.0
29,043.4
30,941.6
31,835.6
33,620. 5
31,672.6
34,002. 5
38, 111. 2

99,257.8
100,947.2
106,145.8
104,218.0
107,494.8
109,436. 3
117,086.1
119,637.7
124,910.9
135,510.6

Percent
of
coverage

34.21
34.60
29.79
27.87
28.78
29.09
28.71
26.47
27.22
28.12

Investment Accounts
At the end of 1961 securities investment accounts of national banks
totaled $48.7 billion, compared to $43.5 billion at the end of 1960.
All of the investment categories shown in the "Recapitulation by
maturities" table reflected increases. U.S. bonds, which increased
$3.4 billion, represented 65% of all new purchases.
As the "Maturity position of U.S. bonds" table reveals, the maturities of U.S. bonds in 1961 reflected a continuation of the trend toward
liquid, short term issues. Bonds due in 5 years or less represented
87 percent of the total, as compared to 77 percent in 1960 and 72
percent in 1959.
As is indicated in the table "Results of bond activity," substantial
net profits were realized on security transactions in the national banking system.




6

REPORT OF THE COMPTROLLER OF THE CURRENCY
Recapitulation by maturities

(U.S. bonds as of Dec. 30,1961, municipal and other bonds as of most recent examination reports—adjusted
to the year end)
[In millions of dollars]

General
obligation
municipal
bonds

Special
revenue
municipal
authority
and corporate
bonds

1,472
3,506
3,002
1,705

912
995
548
506

15,229
23,106
6,930
3,469

•9,685

U.S.
bonds

«2,961

48,734

U2,845
18,605
3,380
* 1,258

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

Total

i Includes $238 million of nonmarketable U.S. bonds.
* Includes $128 million of U.S. guaranteed bonds (FHA debentures and merchant marine bonds).
> Includes $1,745 million of general obligations of States and $996 million of housing authority obligations.
* Includes $1,392 million of special revenue municipal obligations and $1,193 million of Federal corporation (not guaranteed) bonds.

Maturity position of U.S. bonds
[In millions of dollars]
U.S. bonds
Dec. 31,1957 Dec. 31,1958 Dec. 31,1959 Dec. 31,1960 Dec. 30,1961

Total

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

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

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

8,860
19,044
3,402
1,406

31,336

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

35,821

31,724

32,712

12,845
18,605
1,258

Results of bond activity
[In millions of dollars]
Year
1955
1956
1957
1958 .
1959
1960
1961




Profits
35.9
11.4
31.1
353.1
24.8
171.8
243.2

Recoveries
15.8
13.0
5.8
12.4
18.3
21.2
10.6

Losses
152.8
239.0
151.2
67.5
483.5
154.4
51.2

Net profit

298.0
38.6
202.6

Net loss
101.1
214.6
114.3
440.4

REPORT OF THE COMPTROLLER OF THE CURRENCY

7

Capital Structure
During 1961, capital programs were undertaken by 182 national
banks, which resulted m shareholders furnishing $172 million in
additional funds. During the same period 472 national banks
declared stock dividends having a par value of $166 million. During
the 10-year period from January 1, 1952, to December 31, 1961,
2,016 national banks augmented their capital structures $1,490
million through the sale of additional common stock.
As of December 31, 1961, the capital, surplus, undivided profits
and reserves of all national banks totaled $11.9 billion, and their
reserves for bad debts and other valuation reserves amounted to $1.7
billion, making aggregate capital funds and reserves of $13.6 billion.
This represents 10 percent of deposit liabilities and 9 percent of
gross assets.
Reports of examination reveal that, with the exception of isolated
cases, the capital position of the national banking system is satisfactory when measured against the capacity and performance of
management, liquidity, the judicious and competitive employment of
funds, history and profitability of operations, character of banking
services, and the growth prospects in the economic and general banking
environment.
Earnings, Expenses and Net Additions to Reserves
National banks paid $3,788 million in salaries and wages, taxes,
and interest on deposits in 1961, compared to $3,380 million for the
same purposes in 1960. Salaries and wages amounted to $1,799
million, of which $1,047 million went to 283,303 employees, $521
million was paid to 52,414 officers, $203 million represented fringe
benefits, and fees to directors accounted for $28 million. National
banks paid Federal income taxes of $734 million and State income
taxes of $41 million during the current year. In comparison, they
paid $705 million and $36 million, respectively, in 1960. Interest
paid on savings and other time deposits rose from $979 million in
1960 to $1,159 million in 1961. This represented an average rate of
2.54% on total time deposits.
The sources and disposition of income for national banks is shown
by the following illustration.




NATIONAL BANKS-1961

00

SOURCE A N D DISPOSITION OF THE INCOME DOLLAR
(In millions of dollars and percent of one dollar)
DISPOSITION

SOURCE

d
O

w
Other expenses
$1,018—17%

Interest on loans
$3,759—63%

O

Interest paid
on deposits
$1,159—19%

a
q

Other earnings
IS376—6%
Salaries and wages
$1,799—30%
Interest on other bonds
$338—6%

Interest on U.S.
obligations
$1 7 031—17%
Net recoveries and
bond profits
$58—1 %

Earnings from current operations
Net recoveries on loans, bonds, etc.
Total source




$5,954
58
6,012

*Reserve for bad debts (tax free)
Valuation reserve—Loans
Valuation reserve—Bonds
Retained earnings

$103
24
92
556
775

Expenses, taxes on net income and
5,237
dividends
6,012
Total disposition

s

REPORT OF THE COMPTROLLER OF THE CURRENCY

Net current earnings in 1961 decreased from the 1960 figure of
$2,046 million to $1,979 million. The $199 million rise in gross
income was more than offset by increased wages and higher rates of
interest paid on an enlarged volume of time money
Non-recurring income exceeded losses on loans, bonds and other
assets and produced a net addition to profits of $58 million. Income
taxes of $775 million amounted to 40 percent of taxable income.
Net profits after taxes and before dividends were $1,042 million.
This amount does not include $219 million of both taxable and
nontaxable earnings which were transferred to bad debt and other
valuation reserves. The sum of such net profits and net additions
to reserves is equivalent to 10.6 percent of capital accounts. Shareholders received cash dividends of $486 million representing a return
of 4.1% on total capital structure at year end. Net retained earnings
including net additions to reserves, amounted to $775 million.
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. 31, 1957, 1958,
1959, 1960, and 1961
[In dollars. *Indicates amounts in millions]
1957
•Total assets at close of year
"Total capital accounts at close of year
* Gross 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
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

1958

1959

1960

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

139,261
11,098
5,755
4.13
51.86
3,709
2.66
33.42
2,046
1.47
18.44

-180
-.15
-1.98

+224
+.17
+2.31

-494
-.37
-4.80

-104
-.07
-.94

5.99

7.14
1,103

4.91

6.68
1,201

9.37

11.40

8.20

10.82

4.00
2 488

4.06
2 710

4.11
2422

4.06
2 750

5.37

7.34

4.10

6.76

545
.45
852
.71

364
.30
.40

690
.54
.85

393
.30
.55

506
.38

845
.64
423
.32
.32

1961

741
.53
.86

451
.32
.54

150,809
11,875
5,955
3.95
50.15
3,976
2.64
33.48
1,979
1.31
16.67

+58
+.04
+.49
776
.51
6.54
1,261
.84
10.62
486
.32
4.09
2 775
.52
6.53

1 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 $121 million in 1957, $213 million in 1958, $44 million in
1959, $155 million in I960, and $219 million in 1961 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.)

Bad Debt Reserves

Bad debt reserves aggregated $1,332 million at the close of 1961
in the 2,966 national banks which were then using the reserve method
for income tax purposes. These banks held loans aggregating $65.2
billion and the bad debt reserve accounts equalled 2 percent thereof.



10

REPORT OF THE COMPTROLLER OF THE CURRENCY

These loans represented 94.9 percent of the loans in all national
banks.
There was a net increase of $114 million in bad debt reserve accounts during the year. This increase was accomplished by transfers
of $212 million, recoveries of $44 million, and additions due to mergers
and absorptions of $11 million, less losses of $147 million and withdrawals of $6 million.
Branch Banking
The 690 applications received from national banks to establish
de novo branches during 1961 continues to reflect an awareness by
national banks of their responsibility to provide convenient and
needed facilities for the public. It also is indicative of a further
shift of population to suburban areas of large metropolitan centers.
The 580 branches opened in 1961 exceeded the unprecedented 561
established in 1960. To meet traffic congestion and parking problems national banks provided drive-in facilities in conjunction with
186 of the newly opened branches. It is of particular interest that
de novo branches were established in fifty communities previously
without local banking services.
The following table represents the disposition of these applications:
Number
Approved (primary approvals of applications for permission to establish branches).
Rejected
- _
__
Withdrawn.
In process of investigation and study
Total

Percentage

295
71
38
286

43
10
6
41

690

100

In addition, applications were submitted during 1961 by national
banks for permission to merge, consolidate, or purchase assets and
assume liabilities of other banks which, if completed, would result
in an expansion of branch offices by 179. Action taken during the
year resulted in approval to establish 129 branches in this category,
rending cases, if approved, would add 47 branches to the national
system.
From 1960 and years prior, a total of 813 branch applications were
carried forward into 1961; of these, 627 were approved, 63 rejected, 56
withdrawn, and 67 remained pending as of December 31, 1961. In
total, there were 1,682 branch cases to account for as of year end.
The following summarizes the disposition of those applications:
Number
Approved (primary approvals of applications for permission to establish branches).
Refected
Withdrawn
In process of investigation and study
_
_
Total




Percentage

1,051
135
96
400

62
8
6
24

1,682

100

REPORT OF THE COMPTROLLER OF THE CURRENCY

11

In 1961 certificates of authorization for the establishment of 573
branches of national banks and 1 branch of a District of Columbia
nonnational bank were issued, including 11 which had not yet opened
for business as of December 31, 1961. Certificates of authorization
were issued for the establishment of 17 branches in 1960 which did
not open until 1961. The net result was the opening of 580 branches
during the year. At year end there were 5,856 branches being operated by 983 of the 4,513 national banks and 6 nonnational banks
in the District of Columbia, reconciled as follows:
Branches in
operation
Dec. 31, 1960

State

Alabama
Alaska
Arizona
Arkansas
California—
Connecticut
District of Columbia __ _
Georgia
Hawaii
.
Idaho
Indiana
Iowa _
. _
Kansas
Kentucky
Louisiana
Maine
Massachusetts
Michigan
Minnesota
Mississippi
MissouriNebraska
Nevada.
New Hampshire
New Jersey New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania, ,-.,„
Rhode Island _
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Wisconsin
Virgin Islands

70
25
125
16
1,236
98
56
28
67
175
8
13
76
92
46
80
206
207

-

23
6
_

20

-

-

._

Total

__ _

_

32
251
29
467
129
1

Branches
opened for
business
during 1961

7
2
11
6
85
13
3
13
2
1
13
2
4
11
5
4
36
27
34

Existing
branches dis- Branches in
continued or
operation
consolidated Dec. 31,1961
during 1961
1

8

1

1
2
7
4

5
4
4
3
28
4
63
23

1
6
3
10
1
1

304
15
160
458
49
97
28
126
41
17
131
253
19
1

43
6
7
53

2

9

1

13
1
2
18
13
1
1

1

5,326

580

50

76
27
136
22
1,313
HI
163
69
30
68
187
10
17
87
97
49
114
226
237
6
28
10
13
23
1
273
33
527
142
1
346
20
167
509
49
105
28
139
42
19
148
266
20
2
5,856

i Includes 30 branches in operation by 6 nonnational banks in the District of Columbia under the supervision of the Comptroller of the Currency on Dec. 31,1960, and 31 such branches on Dec. 31,1961.
* Established prior to enactment of McFadden Act, Feb. 25,1927.
* Includes 1 branch established prior to enactment of McFadden Act, Feb. 25,1927.




12

REPORT OF THE COMPTROLLER OF THE CURRENCY

Branches authorized to open during 1961 were distributed among
areas with varying population density and were sponsored by banks
of varying size, as follows:
In
In
In
In
In

unincorporated areas
cities with population
cities with population
cities with population
cities with population

27
148
153
72
174

less than 5,000
from 5,000 to 25,000
from 25,000 to 50,000
over 50,000

Total..

574

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

72
96
406

Total

.

574

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:
State

Total
banking




Total
banking

population: of dollars)
1 per—

1961

States permitting statewide branch banking:
Alaska
Arizona
California l
Connecticut
Delaware
nistrWr of nninmbia
Hawaii
Idaho1
Louisiana *
_
Maine *
Maryland
Nevada
North Carolina
Oregon *_.
Rhode Island
South Carolina
__
Utah *
Vermont
Washington 1
_
_
Total.
States permitting branch banking within
limited areas:
Alabama 2
Arkansas
Georgia _
Indiana
_
Iowa2
Kansas'
Kentucky
Massachusetts
Michigan
Mississippi _
_
Missouri'3
Nebraska _
New Jersey
New Mexico
New York
North Dakota2
Ohio
.Oklahoma3
See footnotes at end of table.

Number of
all banking

resources
Number of Number of units as of units in
all banks all branches Dec. 31, relation to (in millions

14
12
122

43

29
192

204

1,750
218
53

1,872
285
73

6,500

231
1,616
29,850
2,895
846
1,803
877
746
3,459
789
2,956
540
3,646
2,395
1,084
1,250
1,164

12
32
192
47
132
7
171
49
9
144
50

85
87
184
136
251
39
546
205
89
159
73

97
119
376
183
383
46
717
254
98
303
123

53
89

37
298

90
387

7,000
8,900
9,300
6,400
10, 300
6,900
5,800
8,900
5,500
8,500
6,600
6,500
7,200
8,900
8,000
7,600
4,400
7,600

1,233

4,494

5,727

8,000

59,885

238
237
403
442
672
590
351
167
373
193
626
425
247
57
386
156
576
388

90
54
117
336
190
29
163
406
614
144
35
16
466
60
1,473
29
693

328
291
520
778
862
619
514
573
987
337
661
441
713
117
1,859
185
1,269

10,200
6.200
7,700
6,100
3,200
3,600
6,000
9,200
8,100
6,700
6,700
3,300
8,900
8,500
9,300
3,500
7,900

2,440
1,559
3,498
5,596
3,687
2,873
2,896
6,764
10,282
1,574
7,223
1,987
8,575
837
57,450
857
13,234
3,227

67
20

11

63

27

74

415

5,700

473

3,265

13

REPORT OF THE COMPTROLLER OF THE CURRENCY

State

States permitting branch banking within
limited areas—Continued
Pennsylvania
South Dakota
Tennessee
_Virginia
Wisconsin

Total
Total
Number of
banking all banking banking
resources
Number of Number of units as of
units in
all banks all branches Dec. 31,
relation to (in millions
1961
population: of dollars)
1 per—

865
62
230
300
159

1,541
236
526
602
724

7,500
3,000
6,900
6,800
5,600

17,121
884
3,984
3,955
5,426

8,540

Total
States prohibiting branch banking, or with
no laws regarding branch banking:
Colorado
Florida
Illinois
.
Minnesota
Montana
New Hampshire 3
Texas
_
West Virginia
Wyoming 3

676
174
296
302
565

6,558

15,098

7,000

165,929

194
322
976
689
123
74
1,018
181
55

1

195
322
976
695
123
76
1,030
181
55

9,200
16,600
10,600
5,000
5,600
8,300
9,600
10,200
6,200

2,548
5,792
21,142
4,973
945
510
14,792
1,523
499

6
2
12

3,632

Total United States
Possessions:
Canal Zone *
Guam <
Puerto Rieo 5
American Samoa
Virgin Islands 8
Total possessions
Total United States and possessions.

21

3,653

9,400

52,724

13,405

11,073

24,478

7,600

278,538

11
1
1

Total

108

119
1
3

20,300
20,000
11,300

20
34
862
6
43

13

110

123

21,000

965

13,418

11,183

24,601

7,600

279,503

2

1 These states, while permitting statewide branching in general, subject state banks to various conditions
such as the requirement of take over, consent and home office protection.
2
State laws permit offices with limited powers only,
s State laws silent regarding branch banking.
< Figures represent foreign branches of banks in United States.
5 Figures include foreign branches of banks in United States.
NOTE.—Above figures do not include 515 mutual savings banks operating 544 branches with total resources
of $42,833 million.

Applications To Organize National Banks
The 89 applications to organize national banks received during
1961 represents a sharp increase over applications received during
the preceding year. In addition, eight applications were received
between January 1, 1961, and December 31, 1961, for consent to
convert from State to national charter.
As of January 1, 1961, 49 applications to establish new banks and
3 applications for conversion to national charter were pending. As
of December 31, 1961, there was a total of 149 applications to establish
national banks. They are accounted for as follows:
Charters issued
Approved (preliminary)
Applications rejected
Applications withdrawn
Applications pending as of Dec. 31, 1961
Total
644637—62-




34
24
25
11
55
._.____.___

149

14

REPORT OF THE COMPTROLLER OF THE CURRENCY

The following shows the distribution by States of the 34 charters
issued, including the dollar total of capital accounts involved:
[Dollars in thousands]
Number
opened

State

1
1
2
2
5
1
2
2
2
3
1
1
2
1
1
5
2

Arkansas
California
Colorado
Florida
Illinois
Indiana
Iowa
Kansas
Maryland
Michigan
Minnesota- ,_,
New Jersey
New York
Oklahoma
South Carolina. __
TexasWisconsin
Total

-

..

Conversion

Primary

1
2
5
1
2
2
1
1
1
1
1
1
5
2
26

34

Total
capital
structure

1

$401
3,460
1,752
1,950
2,160
350
460
750
2,912
16,939
600
500
2,050
600
350
2,710
800

2

1
3
1

38,614

8

Bank Consolidations, Mergers, and Sales
During 1961, the Comptroller approved 72 consolidations, mergers,
or cash absorptions, as compared to 87 in 1960. In 1961, 72 national
banks absorbed 28 national and 44 State banks. Sixteen national
banks and 47 State banks were absorbed by other State banks, as
compared to 49 such absorptions the previous year.
Consolidations, mergers, purchases—1961
Total resources (in
millions
of dollars)
National banks consolidated or merged with and into 22 national banks
State banks consolidated or merged with and into 37 national banks
National banks purchased by 6 national banks
State banks purchased by 7 national banks
_
Approved by the Comptroller of the Currency

684
519
20

_.

1,262

National banks purchased by 3 State banks
National banks consolidated or merged with and into 13 State b a n k s . . .
State banks merged, consolidated, or purchased by other State banks...

17
249
3,000

63
135

Approved by State banking departments

_

Total banks absorbed

_
_

3,266
4,528

Conversions
Number

State banks converted into national banks..
National banks converted into State banks..
Total-

.._

Resources
(in millions of
dollars)

8
1

315
2

30.O—converted into 8 national banks.
.2—converted into 1 State bank.

9

317

30.2.J

Capital structure
(in millions of dollars)

» Reserves included in capital structure.

Shareholders of the banks which consolidated or merged with 59
national banks received cash and stock representing a premium of



REPORT OF THE COMPTROLLER OF THE CURRENCY

15

$31,437,225 based on the book value of assets contributed to the
consolidation. This premium averaged 2.06% of aggregate deposits
acquired. Based upon estimated fair value of assets contributed,
these shareholders received a premium of $34,270,761 or an average
of 2.24% of the aggregate deposits acquired by the continuing banks.
The difference is accounted for through adjustments made to arrive
at a fair appraisal value for fixed assets (bank premises, furniture,
and fixtures), bond appreciation or depreciation, allowances for pension fund adjustments, excess reserves for taxes, etc.
The shareholders of 6 national banks and 7 State banks, which were
purchased by 13 national banks, received $7,193,000 in cash or stocks,
or $1,452,414 in excess of the selling banks' aggregate capital structures. This amounted, on the average, to 2.72 percent of the selling
banks' deposits.
In the period from January 1, 1950, through December 31, 1961,
the Comptroller's office approved the acquisition by national banks of
468 national banks and 504 State banks through consolidation, merger,
or sale. After approval by their respective State banking departments, State-chartered banks absorbed 281 national banks. In
addition, 517 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 through
Dec. 81, 1961
Number
of
banks

192
110
166
468
180
110
214
504
1
1
2
4
976~

W
100

517
798
1,774

Total resources (in
millions
of dollars)

Type

National banks consolidated with and into national banks
National banks merged with other national banks „„ ^
National banks purchased by other national banks

4,322
2,540
1,505

Total—

8,367

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

4,068
1,228
1,395
6,691

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

55
75
86
216

_

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
-_
_

15,274
9,854
931
11,384

Approved by State banking departments

22,169

Total for absorbed banks

37,443

CONVERSIONS—1950 THROUGH DEC. 31, 1961
National banks converted into State-chartered banks..
State-chartered banks converted into national banks...




1,261

16

REPORT OF THE COMPTROLLER OF THE CURRENCY

Fiduciary Activities of National Banks
As of December 30, 1961, 1,763 national banks, or 39.1 percent,
were authorized by the Board of Governors of the Federal Reserve
System to exercise trust powers. In addition, three nonnational
banks located in the District of Columbia were exercising trust powers.
National banks with trust powers but not exercising them numbered
239, or 13.6 percent of those with trust powers. Of this group, 28 were
granted powers during 1961, and it is presumed that they will become
active in 1962.
During the year 1961, 50 national banks were added to the list of
those with trust powers, and 10 received supplemental powers.
The trust powers of 23 national banks were terminated, 18 by consolidation or merger, 4 by liquidation, and 1 by surrender of powers.
There is no uniform system for carrying values of trust department
assets among corporate fiduciaries. Essentially there are two systems
employed which are (1) cost for assets purchased with appraised
values for assets received in kind, and (2) 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.
Of the total liabilities for accounts held by trust departments of
national banks as of December 30, 1961, 36.5 percent were in living
and court accounts, and 59.9 percent in agency-type accounts, and
3.7 percent in all other liabilities. Gross earnings for 1961 were
$218,765,000, which is an increase of $18,166,000 over the previous
year and an all-time high.
At the end of 1961 there were 300 common trust funds operated
under section 17(c) of Regulation F in 199 national banks. These
funds showed a total ledger value of $948,737,610. Three nonnational
banks in the District of Columbia operated four such funds with total
ledger value of $14,065,796.
Tables 22 and 23 of the appendix show for the fourth 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 1961, but a few 1960 and 1962 valuations have been used.
Agency accounts held by the banks which are not the trustee of any
such plan are not included in the agency figure. The figures submitted cover 811 national banks and 3 nonnational banks, located in
the District of Columbia, which is an increase of 5.4 percent during the



REPORT OF THE COMPTROLLER OF THE CURRENCY

17

year. The increase since the previous report is 11.7 and 24.9 percent
in the 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 responsibility, the increase is 7.2 and 11.1 percent,
respectively.
Litigation
In January 1961 the Camden Trust Co., Camden, N.J., brought an
action in the U.S. District Court for the District of Columbia, seeking
a declaratory judgment and an injunction to prevent the Comptroller
from issuing a certificate of authority for the establishment and
operation of a new national bank in Delaware Township, N.J., to be
known as Delaware Valley National Bank of Delaware Township.
It was contended that the new bank would be in effect a branch of the
Haddonfield National Bank, Haddonfield, N.J., which could not
legally be established. The Comptroller had granted preliminary
approval to the application, subject to certain conditions. Motions
by the Comptroller and the new bank for summary judgment were
granted and the action dismissed on August 16, 1961. The judgment
was affirmed by the U.S. Court of Appeals for the District of Columbia
on January 18, 1962, Camden Trust Co, v. Gidney, 301 F. (2d) 521.
Petition to the U.S. Supreme Court for a writ of certiorari was denied
on May 21, 1962, 369 U.S. 886.
In January 1961 the Bank of Dearborn, Dearborn, Mich., brought
an action in the U.S. District Court for the District of Columbia
against the Comptroller, seeking a declaratory judgment and an
injunction to require the Comptroller to revoke the authority of the
National Bank of Detroit, Detroit, Mich., to operate a branch bank in
Dearborn Township, Wayne County, Mich., on the grounds that the
establishment of the branch was illegal. The issue was the existence
of an unincorporated village. In December 1960, the Bank of Dearborn had brought a similar action in the U.S. District Court for the
Eastern District of Michigan against the National Bank of Detroit.
Both suits were brought to protect the position of the Bank of Dearborn pending review by the Michigan Supreme Court of a similar
action in a Michigan State court brought by that bank against the
State banking commissioner and the Michigan bank. Both were dismissed by stipulation in May 1962, after the principal case was decided
adversely to the Bank of Dearborn.
In May 1961, the State of Colorado, on behalf of the Center State
Bank, Denver, Colo., and the Banking Board for the State of Colorado, brought an action in the U.S. District Court for the District of
Colorado seeking a declaratory judgment and an injunction to prevent
the Comptroller from issuing a certificate of authority for the establishment and operation of a new national bank in the town of Glendale,
Arapahoe County, Colo. It was contended that the new bank would
be, in effect, a branch of the Cherry Creek Bank, Denver, Colo., which
could not under Colorado law legally be established. No action had
been taken by the Comptroller on the application. The action was
dismissed without prejudice in Colorado because of lack of jurisdiction
over the Comptroller and a new action brought in the U.S. District
Court for the District of Columbia based on the same allegations.



18

REPORT OF THE COMPTROLLER OF THE CURRENCY

The latter action was voluntarily dismissed, without prejudice, by the
plaintiffs in January 1962. The same issues were raised in the Greeley,
Colo., case described below. Later, after a public hearing the Comptroller issued a certificate of authority to the the new bank in Glendale.
In May 1961, the complaint and action in the case of Community
National Bank of Pontiac v. Gidney in the U.S. District Court for the
Eastern District of Michigan were dismissed. The case involved a
branch of the Manufacturers National Bank of Detroit, which had
been established with the authority of the Comptroller in an unincorporated village in Michigan. After a trial, the district court concluded
that while in its judgement the area was not sufficiently developed to
constitute an unincorporated village, there was sufficient evidence to
the contrary that the Comptroller could reasonably have found otherwise. Accordingly, the court held that the Comptroller's decision
must be sustained. An appeal to the Court of Appeals for the Sixth
Circuit has not yet been decided.
In July 1961, the State of Colorado, on behalf of the Weld County
Bank, Greeley, Colo., and the Banking Board for the State of Colorado, brought an action in the U.S. District Court for the District of
Columbia seeking a declaratory judgment and an injunction to prevent
the Comptroller from issuing a certificate of authority for the establishment and operation of a new national bank in Greeley, Colo., to be
known as Cache National Bank. It was contended that the new bank
would be, in effect, a branch of the Greeley National Bank, Greeley,
Colo., which could not legally be established. The Comptroller had
granted preliminary approval of the application. The Cache National
Bank was permitted to intervene as a defendant. On motion of
the defendants, the complaint and action were dismissed on the merits
on January 24, 1962.
Three merger transactions approved by the Comptroller of the
Currency became the subject of antitrust actions brought by the
Department of Justice against the merging banks. In each of these
cases the Comptroller had considered the merger under the provisions
of section 18(c) of the Federal Deposit Insurance Act (12 U.S.C.
1828(c)), and in the light of the statutory criteria contained therein,
had concluded that the merger would be in the public interest. The
antitrust cases did not involve a direct review of the Comptroller's
decisions that the mergers would be in the public interest, but solely
whether the mergers would be in violation of any applicable antitrust
laws.
Nevertheless, in the first of these cases, United States v. The Philadelphia National Bank and Girard Trust Corn Exchange Bank, 201 F.
Supp. 348, the Court commented upon the anomalous situation in
which the Attorney General "challenged in the court the findings of"
an official of another executive department, as follows:
As before stated, this is the first action tried after the passage of the Bank
Merger Act of 1960. The controversy inherent in the case between coordinate
branches of the Executive Department of Government is to be regretted. Congress, in passing the Bank Merger Act, deliberately fixed the responsibility of approving or disapproving proposed mergers of national banks in the Comptroller
of the Currency. This responsibility was fixed despite vigorous protests of
individual bankers and the Department of Justice. The Comptroller of the Currency then, by Act of Congress, was of necessity required to consider the reports



REPORT OF THE COMPTROLLER OF THE CURRENCY

19

of the Federal Reserve Board, the Federal Deposit Insurance Corporation, and
the Attorney General, with respect to the competitive factors involved. All three
of these Departments of Government reported that in the opinion of their experts,
the consummation of the proposed merger would adversely affect competition in
the Philadelphia area. The Federal Deposit Insurance Corporation concluded
that the merger would not be adverse in the regional, national, and international
field of competition. With these reports available to him, and after considering
them, the Comptroller, in pursuance of his statutory duty, reviewed them and
despite their content, approved the merger as not involving undue concentration
of banking power, not tending toward a monopoly, not destructive of competition
in the commercial banking field, and definitely in the public interest. The Court,
after a full trial, agrees completely with the conclusions of the Comptroller of
the Currency.
This is one of the few instances in which one Department of the Government,
after having been consulted and its advice not being followed, has challenged in
the court the findings of a coordinate Department of the Executive Branch of the
Government on the basis of disagreements between Departments of our Government. And what is the expertise of these three dissenting coordinate branches of
the Executive Department that prompted this challenge? The Courts have uniformly held that once Congress has reposed its confidence in the expertise of a
particular Department, the Courts should not substitute its judgment in the place
and stead of the Department involved. The Government has asked this Court,
without the production of a single shred of evidence, and on the basis of reports
no more illuminating than that of the Comptroller of the Currency, to give legal
effect to the conclusions of the dissidents, rather than the Department charged
with the responsibility.
This Court fails to see how any court, without some factual basis being laid
therefor, could accede to any such request . . . . 201 F. Supp. 348, 370-371.

This case has been appealed to the U.S. Supreme Court. The merger
has not been consummated pending the litigation.
The second case, United States v. First National Bank & Trust
Company, Security Trust Company, and First Security National Bank
& Trust Company of Lexington, has been tried in the U.S. District
Court for the Eastern District of Kentucky.1 This action was brought
after the merger was consummated.
The third case, United States v. Continental Illinois National Bank
cfc Trust Company of Chicago and City National Bank <& Trust Company
of Chicago, is awaiting trial. The merger was consummated after the
court had denied a motion for a preliminary injunction pending the
outcome of the litigation. In the course of its order denying the injunction, the court stated: "any restraining order would nullify the
finding of the Comptroller of the Currency that the merger is in public
interest without affording the banks an opportunity to litigate it."
National Banks Placed in Receivership
During the year ended December 31, 1961, the Federal Deposit
Insurance Corporation was appointed by the Comptroller of the
Currency as receiver of two msolvent national banks—the First
National Bank of Maud, Maud, Okla., and the Sheldon National
Bank, Sheldon, Iowa. Both of these receiverships resulted from large
defalcations in excess of the normal surety bond protection and exceeding the amounts of the total capital structures of each bank.
During a routine examination of the Sheldon National Bank, Sheldon,
Iowa, a shortage was discovered by the examiner, shortly followed by
the admission by a bank official of responsibility for a total shortage
in excess of $2 million. Operation of the bank was immediately
* Decided on July 27,1962 In favor of the banks.




20

REPORT OF THE COMPTROLLER OF THE CURRENCY

suspended by resolution of the board of directors as of the close of
business January 16,1961, with appointment by the Comptroller of the
Currency of the Federal Deposit Insurance Corporation as receiver of
the bank on January 17, 1961. Similarly, during a routine examination of the First National Bank of Maud, Maud, Okla., the examiner
discovered on December 19, 1961, a substantial shortage, followed by
the admission by two bank officials of the responsibility for such
shortage. The Comptroller of the Currency thereupon declared the
bank insolvent and appointed the Federal Deposit Insurance Corporation as receiver as of December 19, 1961.
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
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 when it is considered
necessary. 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, 1961, 6,542 examinations of
banks, 7,774 examinations of branches, 1,540 examinations of trust
departments and trust branches, and 72 examinations of affiliates were
conducted. One State bank was examined in connection with consolidations and mergers with, or purchase by, national banks, and five
State banks were examined in connection with conversions to national
banks. Investigations were conducted in connection with applications
for 66 new charters and 553 new branches.
Organization and Staff
Mr. James J. Saxon was appointed Comptroller of the Currency on
November 16, 1961, to succeed Mr. Ray M. Gidney, resigned. Mr.
Saxon left The First National Bank of Chicago, Chicago, 111., to accept
the appointment. On January 6, 1961, Assistant Chief National Bank
Examiner R. L. Miller retired and National Bank Examiner William
B. Camp was promoted to succeed him. Assistant Chief National Bank
Examiner F. Parker West retired on September 1, 1961, and he was
succeeded by National Bank Examiner C. L. DeRemer. On October 16, 1961, National Bank Examiner Joseph G. Lutz was promoted
to the position of Assistant Chief National Bank Examiner in the
Washington office.
On December 1, 1961 the Comptroller announced the creation of a
new position of Administrative Assistant to the Comptroller of the
Currency. Mr. Arnold E. Larsen, an Assistant Chief National Bank




REPORT OF THE COMPTROLLER OF THE CURRENCY

21

Examiner in the Washington office since May, 1957, was appointed
to this position.
The total personnel of the Office of the Comptroller of the Currency
on December 31, 1961, consisted of 1,210 persons, 196 of whom were
employed in the Washington office, including 34 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 two during the year. The
number in the field service increased by 18 during the year 1961 to a
total of 1,014.
More than 88 percent of the personnel consisted of the national bank
examining staff, which at the year end numbered 269 examiners and
625 assistant examiners. During the year 16 national bank examiners
left the service by resignation, retirement, and death, and 3 were
promoted to Assistant Chief National Bank Examiner in the Washington office. Also during the year 22 assistant examiners were promoted to examiner, resulting in a net increase of 3 national bank
examiners. Of the staff of assistant examiners, 119 left that status
during the year by resignation, retirement, promotion to examiner,
etc., and 133 assistant examiners were added to the staff, a net increase
of 14.
The educational program for national bank examiners and assistants, mentioned in previous reports, continued during the year, and
at the year end 505 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, the University of Colorado, Southern Methodist
University, and the National Trust School at Northwestern University
had been completed by 92 examining staff members at the year end,
and 20 were still enrolled in courses at these schools. Extension courses
given by the American Institute of Banking had been completed by
322 members of the examining staff at the year end, and 281 were still
enrolled in these courses.
Expenses of the Bureau
The total cost of bank supervision for the current year was $12,104,582.69, or $734,782.05 more than the total cost for the year 1960.
Increases in salaries amounted to $464,168.23. An increase of $162,085.24 occurred in per diem costs for the year 1961. Increases in
additional expense categories aggregated $141,321.63. The decreases
in other cost items amounted to $32,793.05.
Funds used in payment of the bank supervision costs are derived
from assessments against the banks supervised. All costs of operating
the division which handles the currency issue and redemption functions
are paid by the Federal Reserve banks.




22

REPORT OF THE COMPTROLLER OF THE CURRENCY

A summary statement of the operating expenses of the Bureau for
the year ended December 31, 1961, follows:
Bank supervision

Salaries
_
_
Per diem
Transportation
Supplies
_
Printing, books and periodicals
_.
Rent
Furniture and fixtures
Communications
_
F ixe d ch arges
Maintenance.".
Treasurer's Federal Reserve note audit expense
Employer's FIC A, health benefit, and group insurance con
tributions
Employer's civil service retirement contributions
Miscellaneous
_

Currency
issue and
redemption

Total

$178,064.33
0
0
707.74
526.87
0
0
558.54
17,232.23
177.76
14,620.00

$8,746,278.50
1,813,455.06
663,046.26
31,412.36
84,359.15
159,860.64
29,070.73
74,340.34
17,232.23
177.76
14,620.00

96,846.21
548,839.49
36,931.43

2,206.67
11,487.37
7,162.53

99,052.88
560,326.86
44,093.96

12,104,582.69

Total

$8,568,214.17
1,813,455.06
663,046.26
30,704.62
83,832.28
159,860.64
29,070.73
73,781.80
0
0
0

232,744.04

12,337,326.73

Automation
The interest of national banks in automation was illustrated in a
recent survey completed by this Office. Of the 4,500 banks covered,
more than 1 in 4 reported some type of automatic data-processing
equipment now in use, with many more disclosing plans for conversion
to such equipment in the near future.
Also, cooperative ventures among banks in the ADP field are increasing. Contracts with service bureaus or larger banks are the most
common of the several methods employed, although many banks are
already using or contemplating the feasibility of central automatic
data-processing centers owned and operated by a group of banks.
As expected, the charts detailed below indicate that electronic bookkeeping machines are widely used and the larger institutions have the
work volume to justify the expense of their own sorter-readers and
computers.
The services chart shows that national banks are utilizing their
automatic data-processing equipment where the need is the greatest.
The chart illustrates that services requiring the processing of a large
volume of items such as regular and special checking accounts, consumer installment credit, and regular sayings accounts are among the
first converted to automatic data processing, with trust departments of
the larger banks not far behind.




REPORT OF THE COMPTROLLER OF THE CURRENCY

23

Automatic data-processing equipment in use
(Types of equipment used by number of banks by deposit groups)
[Deposits (millions)]
Type

Under 5

Electronic bookkeeping machines

5-10

10-30

30-100

over 100

Total

Magnetic ink sorter readers
Electronic computers
Total

152
3
4
0

285
5
24
3

350
8
36
3

176
40
39
11

94
109
52
46

1,057
165
155
63

159

Plinnhfid-flftrd installations

317

397

266

301

1,440

Number of institutions whose automatic data processing is conducted outside the banking premises
through—
Number
Joint ownership and operated by a group of banks
13
Ownership by a clearing house, bankers association, etc
1
Contract with a service bureau or larger bank
28
Total
Number of banks included in survey
Number of banks not having automation

42
4,500
3,318

Automatic data-processing equipment contemplated
Type

Under 5

Electronic bookkeeping machines
Punched-card installations
Magnetic ink sorter readers
Electronic computers.
Total
_ __

5-10

10-30

30-100

over 100

Total

13
0
3
0

18
0
10
3

38
12
11
11

16
6
9
23

8
8
33
53

93
26
66
90

16

31

72

54

102

275

Services performed
(Types of services by number of banks by deposit groups)
[Deposits (millions)]
Type of accounts serviced
Deposits
Loans _
Trust
Total

_

Under 5

5-10

30-100

10-30

over 100

Total
1,934
213

256
11

465
4

619
4

329
40

265
154

0

0

0

19

122

141

267

469

623

388

541

2,288

A comparison of the assets and liabilities of the banks in the national
banking system as of December 31, 1960, April 12, June 30, September
27, and December 30, 1961, reported pursuant to calls for condition
statements by the Comptroller of the Currency, is shown in the
following table.




and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31, 1960
(4,530 banks)

Apr. 12, 1961
(4,523 banks)

June 30, 1961
(4,524 banks)

Sept. 27, 1961
(4,523 banks)

63,693,668
32,615,321
96,402
9,408,711
1,407,576
324,184

63,595,879
32,228,779
122,019
9,927,654
1,325,874
333,660

63,439,852
33,397,413
124,680
10,123,742
1,419,736
337,241

65,126,699
35,613,945
124,167
10,630,990
1,590,467
340, 572

67,308,734
35,959,763
127,915
11,077,350
1,569,230
359,281

107,545,862
28,674,506
1,685,524
51,164
173,611
463, 691
666,509

107,638,865
25,440,116
1,749,325
54,303
185,369
446,326
691,541

108,842,664
25,274,240
1,774,055
53,978
187,073
441,638
725,347

118,426,840
24,489,635
1,807,908
58,226
191,515
459,098
750,041

116,402,273
31,078,445
1,849,848
61,365
191,196
479,808
746,117

139,260,867

136,100,845

137,298,995

141,183,263

150,809,052

63,131,263
36,761,292
3,456,544
9,297,327
10,439,491
1,824,934

61,274, 612
38,922,341
1, 576,344
9,187,440
8,611,099
1,492,826

59,212,875
40,338,073
3,756,972
9, 762,861
7,848,020
1,566,137

60,131,865
41,379,308
4,843,695
9,164,153
8,252,977
1,399,562

67,138,117
42,034,484
3,527,015
10,270,143
10,463,584
2,077,274

124,910,851

121,064,662

122,484,938

125,171,560

135,510,617

78,970,876
42,098,787

78,891,899
43,598,089

80,512,872

110,590
3,189
474,565
2,663,334

686,157
3,158
454,133
2,546,550

355,466
3,338
448,976
2,567,224

1,085,863
3,447
467,225
2,776,551

224,615
3,773
489,640
2,705,101

128,162,529

124,754,660

125,859,942

129,504,646

138,933,746

Dec. 30,1961
(4,513 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 loans and securities
Cash, 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 assests indirectly representing bank premises or other real estate
Customers' liability on acceptances
Other assets
Total assets

_

w

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time and savings 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 officers' checks, etc.)

_
_

Total deposits
Demand deposits
_„_
_
Time and savings deposits
Rediscounts and other liabilities for borrowed money
Mortgages or other liens on bank premises and other real estate
Acceptances outstanding
Other liabilities
_
Total liabilities




_
_
_

_

45,646,168

3
Ct

3

CAPITAL ACCOUNTS

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

3,510,219
5,655,738
2,237,432
275,228

3,577,244
5,935,779
2,080,103
282,180

3,342,850
5,446,143
2,030,052
279,293

Total liabilities and capital accounts

3,478,403
5,620,169
2,071,321
269,160

11,098,338

»

Total capital accounts

3,459,094
5,572,040
2,047,520
267,531
11,346,185

11,439,053

11,678,617

11,875,306
150,809,052

139,260,867

136,100,845

137,298,995

141,183,263

3,341,320
1,530

3,457,622
1,472

3,477,080
1,323

3,506,951
3,268

3^3,976

3,459,094

3,478,403

3,510,219

3,577,244

1,636

1,487

3,432

3,432

17,397,923

18,344,989

19,855,506

19,714,026

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)
-




17,409,980

to
Crc

26

REPORT OF THE COMPTROLLER

OF THE CURRENCY

TRENDS INIBANKING

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. 81, 1958-61
1958

1961

Percent
23.95
6.81
.19
1.21

Percent
23.49
6.76
.19
1.05

Percent
23.93
7.34
.19
1.09

36.33

32.16

31.49

32.55

40.99
12.21
8.65
1.03
.03
.76

45.21
12.23
8.48
1.11
.03
.78

45.74
12.95
7.64
1.21
.04
.93

44.63
13.43
7.18
1.23
.04
.94

100.00

100.00

100.00

100.00

47.97
25.32
1 99
6.54
7.62
1.46

47.12
25.92
2 21
6.39
7.13
1.43

45.33
26.40
2.48
6.67
7.50
1.32

44.62
27.87
2.34
6.81
6.94
1.38

90.90

90.20

89.70

89.86

6S.16
27.7A
1.59

68.85
27.85
2.03

60.86
28.8A
2.33

59.66
SO. 20
2.27

2.29
3.67
1.55

- _

1960

Percent
27.81
6.87
.18
1.47

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.
TRank preTnises, fnrn1tnrft, ?vnd fixtures
Other real estate owned_
All other assets
Total assets

1959

2.39
3.82
1.56

2.40
3.91
1.66

2.37
3.93
1.57

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:
Capitalstock
Surplus
_ _
Undivided profits and reserves
Total capital funds

7.51

7.77

7.97

7.87

100.00

Total liabilities and capital funds

100.00

100.00

100.00

INCOME, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR YEAR
ENDED DECEMBER 31, 1961

Summaries of the income, expenses, and dividends of national banks
for the years ended December 31, 1960 and 1961, are shown in the
following table.
Income,

expenses,

and dividends

of national banks for years ended Dec. 81, 1960
and 1961
[In millions of dollars]
1961

Number of banks *
Capitalstock (par value) 2
Capital accounts *
Current operating revenue:
Interest and dividends on—
U.S. Government obligations...
Other securities
Interest and discount on loans
Service charges on deposit accounts.
Other current operating revenue
Total

See footnotes at end of table.



1960

Change
since 1960

4,513
3*466.2
11,470.9

4,530
3,259.3
10,695.5

-17
+206.9
+775.4

1,030.7
338.2
3,759.4
351.5
564.4

941.7
307.7
3,662.5
327.7
516.0

+89.0
--30.5
--96.9
--23.8
--48.4

6,044.2

5,755.6

+288.6

REPOET OF THE COMPTROLLER OF THE CURRENCY

27

Inconet expenses, and dividends of national banks for years ended Dec. 81, 1960
and 1961—Continued
[In millions of dollars]
Change
since 1960

1961
1,595.7
1,158.5
1,310.9

Total

—

+71.4
—2.4
+23.1

8.6
38.0
50.5

-8.7
-20.8

309.7

+61.9

122.1
102.0

-82.7
+52.3

16.3
264.9
63.0

-4.5
-1.0

— 7

+.4

532.8

Total

-.

Net income before dividends
Cash dividends declared:
OT> com m on ptoffc

On preferred stock
„

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)
Ratios:
Expenses to gross income. Net income before dividends to capital accounts
Cash dividends to capital stock
Cash dividends to capital accounts

-35.5

1,787.7

+30.2

734.6
41.1

Taxes on net income:
Federal
State..

568.3

1,817.9

Net income before related taxes

Total

171.8
7.5
33.3

16.7
260.4
62.0

Total

-67.2

39.4
154.3

_

Losses, 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
__>-__

+355.8

2,046.3

371.6

Recoveries, transfers from valuation reserves, and profits:
On securities:
Profits on securities sold or redeemed
Recoveries
Transfers from valuation reserves
. __
On loans:
Recoveries
Transfers from valuation reserves
.__
Allother
.._

3,709.3

1,979.1

7.9
29.3
29.7

-_.

+99.3
+179.8
+76.7

243.2
5.1
56.4

Total
Net current operating earnings

1,496.4
978.7
1,234.2

4,065.1

Current operating expenses:
Salaries, wages, and fees
Interest on time and savings deposits
Other current operating expenses-.

1960

704.8
36.5

+29.8

775.7

741.3

+34.4

1,042.2

1,046.4

-4.2

486.0
.1

450.8
.1

+35.2
.0

486.1

450.9

+35.2

5.6
44.5

13.7
42.9

-8.1
+1.6

11.8
148.1
165.6

32.2
38 0
100.7

—20.4
+110 1
+64.9

Percent
66.76
9.09
14.02
4.24

Percent
64.45
9.78
13.84
4.22

Percent
+2.31
—.69
+.18
+.02

+4.6

i 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.
* 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.




28

REPORT OF THE COMPTROLLER OF THE CURRENCY
STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM

The authorized capital stock of the 4,513 national banks in existence
on December 31, 1961, consisted of common capital stock aggregating
$3,574,828,169, a net increase during the year of $232,554,877, and
preferred capital stock of $3,268,300, a net increase of $1,738,930.
These figures include one bank recently chartered but not yet open for
business and one bank in the process of going into voluntary liquidation. The figures exclude two banks which furnished reports of condition in response to the call, although they had merged or consolidated
with two State banks, effective as of the year end.
In addition to 52 applications with proposed common capital stock
of $17,025,000 carried over from the previous year, 97 applications
were received to organize national banks and to convert State banks
into national banking associations with proposed capital stock of
$34,317,250. Of these applications, 44 with proposed capital stock of
$20,366,000 were approved; 25 with proposed capital stock of
$6,400,000 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 1961, 34
national banking associations with common capital stock of
$14,651,000 and preferred capital stock of $2 million were authorized
to commence business. Of the charters issued, eight with common
capital stock of $6,306,000 and preferred capital stock of $2 million
resulted from the conversions of State banks.
Changes in the number and capital stock of national banks during
the year ended December 31, 1961, are shown in the following
summary.




29

REPORT OF THE COMPTROLLER OP THE CURRENCY

Organization, capital stock changes, and national banks closed as reported during
the year ended Dec. 31, 1961
Number
of banks

Capital stock
Common

Increases:
Banks newly organized:
Primary organizations
___
Reorganizations
Conversions of State banks
Capital stock—common:
182 cases by statutory sale
_
472 cases by statutory stock dividend
1 case by stock dividend under articles of association..
1 case by conversion of preferred stock
25 cases by statutory consolidation.
__
25 cases by statutory merger
Total increases..

26

6,306,000

34

644637—62

8

$2,000,000

240,267,359

2,000,000

895,000
400,000
50,000
50,000
., 101,200
75,000

112,270
33,782
25,000
82,500

Total decreases.




$8,345,000

35,120,901
165,452,948
25,000
111, 600
14,477,940
10,427,970

Decreases:
Banks ceasing operations:
Voluntary liquidations:
Succeeded by national banks
Succeeded by State banks
__
No successor
_
Statutory consolidations
.
Statutory mergers
_
Conversion into State bank
Merged or consolidated with State banks (Public Law
706)
_.
_
Receiverships.
_
__
Capital stock:
Preferred:
1 case by conversion into common stock
4 cases by retirement
Common:
2 cases by statutory reduction
1 case by statutory consolidation
1 case by statutory merger

Net change
_
Charters in force Dec. 31,1960, and authorized capital stock
Charters in force Dec. 31,1961, and authorized capital stock—...

Preferred

7,712,482

261,070

-14
4,527

232, 554,877
3,342,273,292

1, 738, 930
1, 529,370

4,513

3,574,828,169

3,268,300

30

REPORT OF THE COMPTROLLER OF THE CURRENCY
NATIONAL BANK NOTES^OUTSTANDING

There were, as of December 31, 1961, $53,776,697.50 of national
bank notes outstanding.
ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES
AND POSSESSIONS

The total assets of all classes of active banks in the United States
and possessions on December 30, 1961, amounted to $322,336 million,
an increase of $23,403 million since December 31, 1960.
The total deposits at the end of 1961 amounted to $287,991 million,
an increase of $21,106 million over 1960. Included in the latter
aggregate are deposits of individuals, partnerships, and corporations
of $240,388 million, an increase of $19,634 million in the year. Deposits
of the U.S. Government, including postal savings deposits, were
$6,271 million, an increase of $29 million; deposits of States and
political subdivisions amounting to $17,843 million showed an increase
of $1,473 million, and deposits of banks of $18,410 million were
$489 million less than in 1960.
Loans and discounts amounted to $154,843 million in December
1961 after deducting reserves of $2,846 million for possible future
losses. The net loans were $9,588 million over the amount reported
as of the end of 1960. Commercial and industrial loans of $45,538
million were $2,075 million more than the 1960 figure; real estate
loans of $59,587 million were up $3,846 million, and all other loans
of $52,564 million increased $3,923 million.
The banks held obligations of the U.S. Government, direct and
guaranteed, of $72,822 million in December 1961, an increase of
$5,479 million in the year. Obligations of States and political subdivisions held amounted to $21,064 million, an increase of $2,783
million, and other securities held amounted to $8,655 million, an
increase of $262 million. The total of all securities held at the end of
1961 was $102,541 million, and represented 32 percent of the banks'
total assets. At the end of the previous year the ratio was 31 percent.
Cash and balances with other banks, including reserve balances, in
1961 were $57,487 million, an increase of $4,382 million since the
previous year end.
Total capital accounts were $26,296 million, compared to $24,603
million at the end of 1960, an increase of 7 percent.
A statement of the assets and liabilities of all classes of active banks
at the end of December 1960 and 1961 follows.




31

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of all banks in the United States and possessions, 1960 and
1961
[In millions of dollars]
Dec. 30,
1961

Dec. 31,
1960

Change
since 1960

13,933

13,971

-38

59,587

55, 741

+3,846

1,046
7,329

971
7,131

+198

6,213

5,127

+1,086

934
5,329
45, 538
28,277
3,436

687
5,003
43,463
26, 781
2,941

+247
+326
+2,075
+1,496
+495

157, 689
2,846

147,845
2,590

+9,844
+256

154,843

145,255

+9,588

72, 822
21,064
7,081
1,574

67,343
18,281
6,937
1,456

+5,479
+2, 783
+144
+118

102,541

Number of banks.

94, 017

+8,524

3,865

3,513

+352

53, 622
3,405
122

49, 592
3,108

+4,030
+297
+23

354
1, 676
1,908

305
1,428
1,616

+49
+248
+292

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)
Total gross loans
Less valuation reserves.
Net loans
U.S. Government obligations, direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve banks
Total securities
Currency and coin
Balances with other banks, including reserve balance, 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

322,336

Total assets..

+75

+23,403

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time and savings 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 officers' checks, etc.)

Demand deposits
Time and savings deposits..
Rediscounts and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding
Other liabilities

117,370

+7,800

103,384
6,242
16,370
18,899
4,620

+11,834
+29
+1,473
-489
+459

287,991

Total deposits.

125,170
115,218
6,271
17,843
18,410
5,079

266,885

+21,106

166,462
121,529

156,828
110,062

+9,689
+11,467

184

+310

1,473
5,788

+242
+52

296, 040

Total liabilities.

494
1,715
5,840

274,330

+21,710

6,700
52
15
13,540
5,086

6,284
53
15
12, 510
4,896

+416

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

322,336

845

+58

24,603

903

Total capital accounts
Total liabilities and capital accounts..

—1

+1,030
+190

+1,693

298,933

+23,403

NOTE.—-Figures for nonnational banks obtained from the Federal Deposit Insurance Corporation.




32

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, 1961.
Reports were required as of April 12, June 30, September 27, and
December 30. 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 income, expenses, and dividends; also reports
of condition of foreign branches as of December 30, 1961.
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 30, 1961.
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 income, expenses,
and dividends identical with those obtained from national banks
during the year.
Detailed figures from reports of condition and income 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.
At the end of December 1961, 449 member national banks in the
United States submitted 512 reports of affiliates. Included in these
figures are 206 banks in 27 States and the District of Columbia which
are members of 26 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 332.



REPORT OF THE COMPTROLLER OF THE CURRENCY

33

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 688 shipments of new Federal Reserve notes (513,912,000
notes—aggregate value $5,570,720,000) made to the Federal Reserve
agents and the Federal Reserve branch banks. In addition, there were
46 deliveries of such notes (12,688,000 notes—aggregate value
$216,000,000) made to the Treasurer of the United States.
There was a total of 4,669 lots of unfit Federal Reserve notes and
Federal Reserve bank notes (526,852,830% notes—aggregate value
$6,180,009,523.50) received for verification and certification for
destruction.
There were 34 lots of national bank notes (86,517% notes—aggregate
value $1,544,023.50) received for verification and certification for
destruction.
There was a total of 278,004% badly damaged Federal Reserve
notes, Federal Reserve bank notes and national bank notes (aggregate
value $5,057,931) presented by the Treasurer of the United States for
identification approval.




34

REPORT OF THE COMPTROLLER OF THE

CURRENCY

DESCRIPTION OF EACH CONSOLIDATION, MERGER, AND
PURCHASE AND SALE TRANSACTION APPROVED BY THE
COMPTROLLER OF THE CURRENCY DURING THE YEAR
1961
Banking offices
Name of bank and type of transaction

Total assets

Gardner Trust Company, Gardner, Mass., with
and Worcester County National Bank, Worcester, Mass.
(14850), which had
_
consolidated Jan. 20, 1961, under charter and title of the
latter bank (14850). The consolidated bank at date of
consolidation had

$11,033,964

In operation

To be
operated

142,074,489
153,136,765

Summary of Report by Attorney General
Worcester County National Bank has 16 offices throughout Worcester County with total assets of $149,036,000, deposits of $128,161,000, and net current operating income for 1959 of $2,311,154.
Gardner Trust Company has 5 offices located in the northern portion of
Worcester County with total assets of $11,299,000, deposits of
$10,201,000 and net current operating income for 1959 of $148,659.
Worcester County National Bank is the largest commercial bank
in Worcester County with approximately 40% of all deposits, and
is as large as the five next largest banks combined. Gardner Trust
Company is the largest commercial bank in the northern portion of
Worcester County, and appears to compete with offices of Worcester
County Bank in that portion of the county. The acquisition of the
$11,299,000 total assets of Gardner Trust Company by the Worcester
County National Bank will consolidate the position of the acquiring
bank as the largest bank in the county, and also make it the largest
in each individual section of the county. The merger will substantially affect competition adversely and may tend to create a monopoly.
Basis for Comptroller's Approval
This was a consolidation of banks located in cities about 28 miles
apart. While both banks had branches, neither had a branch at a
place where the other also had a branch. The consolidation would
resolve a management succession problem for the Gardner bank, and
would bring expanded services to the communities served by it.
Worcester is about 40 miles each from Boston and Providence.
Worcester County has 24 mutual savings banks with deposits in excess
of $630 million.




35

REPORT OF THE COMPTROLLER OF THE CURRENCY

Banking offices
Name of bank and type of transaction

The Farmers & Citizens State Bank, Crestline, Ohio, with
and The First National Bank of Bucyrus, Ohio (443),
which had
consolidated Jan. 31,1961, under charter of the latter bank
(443), and title "Crawford County National Bank,
Bucyrus." The consolidated bank at date of consolidation had
_
_

Total assets

In operation

$1,960,677

1

4, 487,187

To be
operated

1

6, 447, 864

2

NOTE.—Approved in 1960 but consummated in 1961.

Summary of Report by Attorney General
The First National Bank of Bucyrus, Bucyrus, Ohio (First National) and The Farmers & Citizens State Bank, Crestline, Ohio
(Farmers) propose to consolidate their banking businesses.
There is at present little, if any, existing competition between the
two banks which transact business in two different towns of the same
county. First National is the fourth largest bank in its service area
and Farmers is the smaller of two banks in Crestline. First National
has grown at a good rate during the last 10 years, while the growth of
Farmers has been modest. After the proposed consolidation the resulting bank would be the fourth largest bank in its service area.
It is not believed that the consolidation of First National with
Farmers will have any substantial adverse competitive effects.
Basis for Comptroller's Approval
The resulting bank will provide more effective competition to the
four larger banks in the service area and will bring a greater and needed
credit potential and expanded services to the area. The combining
of the two staffs will give the consolidated unit experienced officer
personnel and will solve the management succession problem in The
Farmers & Citizens State Bank.

Banking offices
Name of bank and type of transaction

Central Savings Bank & Trust Company, Orleans, Vt., with_.
was purchased Jan. 31, 1961, by The Howard National
Bank and Trust Company of Burlington, Vt. (1698),
which had__
__
After the purchase was effected the receiving bank had
NOTE.—Approved in 1960 but consummated in 1961.




Total assets

In operation

$2,112,149

1

36,936,000
39, 899,142

To be
operated

4
5

36

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
The Howard National Bank and Trust Company of Burlington,
with offices in Burlington, Richmond, Winooski, Enosburg Falls and
Barton, Vermont, has assets of $36,936,000, deposits of $31,763,000,
and net current operating income for the period July 1, 1959, to
June 30, 1960, of $400,268. Central Savings Bank and Trust Company located in Orleans, Vermont, has assets of $2,214,000, deposits
of $1,983,000, and net current operating income for the period July 1,
1959, to June 30, I960, of $35,760.
There are five banking offices, three of which are branches of larger
banks the other two being single unit operations, servicing the trade
area of approximately 25,000 population, the major industry of which
is farming. Loan limitations appear to make it difficult for Central
Savings Bank and Trust Company to service the larger accounts in
the trade area, whereas the resulting bank will be able to offer improved and expanded service to the public. This will permit increased competition with the two branches of the Chittenden Trust
Company located in North Troy and Newport, Vermont, approximately 22 and 10 miles from Orleans, respectively. It would appear,
therefore, that there will not be a substantial lessening of competition
in the trade area.
Basis for Comptroller's Approval
Orleans is located 80 miles from Burlington and the nearest branch
of the Howard National Bank is located 6 miles from Orleans. Therefore, there was little direct competition between the two banks and the
purchase will not change the relative position of the Howard Bank.
The Orleans area will receive the expanded services and enjoy a greater
credit potential as a result of the transaction.

Banking offices
Name of bank and type of transaction

Total assets

The First National Bank in Bristol, Term. (13640), with
and The First National Bank of Kingsport, Tenn. (10842),
which had
consolidated Feb. 8,1961, under charter of the latter bank,
and title "The First National Bank of Sullivan County,"
Kingsport, Tenn. The consolidated bank at date of
consolidation had

$17,927,308

3

40,438,632

4

In operation

58,525, 732

To be
operated

7

Summary of Report by Attorney General
First Kingsport was founded in 1916. First Bristol was set up in
1932 as a result of a reorganization. Neither has been involved in
any previous consolidation or merger. Both are located in Sullivan
County, Tennessee, in cities about 25 miles apart.
The existing local service areas do not appear to overlap to any
appreciable degree. Each bank is a dominant or major factor in its



37

REPORT OF THE COMPTROLLER OF THE CURRENCY

respective service area. First Kingsport faces only one competitor
less than one-fourth its size. First Bristol competes with another
bank about equal in size and two smaller banks.
First Kingsport has total deposits of nearly $36,000,000 and loans
of $17,500,000. First Bristol's deposits total nearly $16,000,000 and
its loans are slightly over $6,000,000. In the projected service area
(Sullivan County, Tennessee, and the adjacent Bristol, Virginia,
community) the resulting bank would control 42.5% of the deposits
and 37% of the loans. These figures would be substantially
higher if the statistics on four banks not strictly within the service
area were excluded.
The consolidation would be directly disadvantageous to four smaller
banks from a competitive standpoint and would tend toward monopolization. It would also foster a tendency toward further mergers
and consolidations in the projected service area.
Basis for Comptroller's Approval
This was a consolidation of banks located in towns about 25 miles
apart. It would have no significant effect upon the competitive
situation in either place. The consolidated bank, however, would be
better equipped to meet the growing industrial needs of the Kingsport
area. There would also result from this consolidation an improvement in bank management.

Banking offices
Name of bank and type of transaction

The National Bank of Argyle, N.Y. (13521), with
and The Manufacturers National Bank of Troy, N.Y. (721)
which had
merged Feb. 10, 1961, under charter and title of the latter
bank (721). The merged bank at date of merger had

Total assets

In operation

$3,953,953

1

67, 713,244

To be
operated

9

71,542,197

10

Summary oj Report by Attorney General
The charter bank is one of the eleven Marine Midland banks
which totally have over 171 offices in New York State. The charter
bank recently acquired The Salem National Bank located at Salem,
New York, which is about 10 miles southeast of Argyle, New York,
the location of the merging bank.
In our comments relating to that acquisition, we noted that the
charter bank then had no nearby office to Salem. Its principal
office was 46 miles to the southwest. It appeared, therefore, that
although the merger would add another bank to the growing Marine
Midland chain, that transaction standing alone, would not have a
substantial adverse effect on competition.
Here, however, we have the charter bank proposing to eliminate
another local bank within 10 miles of its new branch at Salem. The
merging bank has deposits of $3,400,732.35 and loans of $2,068,205.92.



38

REPORT OF THE COMPTROLLER OF THE CURRENCY

The charter bank has deposits of $58,375,039.90 and loans of
$36,768,318.30. Assets and deposits of all Marine Midland banks
total approximately $2.4 billion and $2.1 billion, respectively.
An analysis of the loan accounts (as of June 15, 1960) of the merging
bank indicates that it is primarily a local bank for farmers and local
residents.
This merger would result in the elimination of a local bank as a
competitor to the acquiring bank's Salem Branch and would tend
toward a monopoly in that area of New York State.
Basis for Comptroller's Approval
The merger will result in a definite improvement in bank management in Argyle. There would be no effect on competition in either
Argyle or Troy as a result of the merger, and the merged institution
would provide better services in the Argyle area. The representation of Marine Midland Corporation is relatively small in the
Fourth Banking District of New York, and it would be changed very
little by this merger.

Banking offices
Name of bank and type of transaction

Total assets

The First National Bank of Amsterdam, N.Y. (1307), w i t h . . .
and The National Commercial Bank and Trust Company
of Albany, N.Y. (1301), which had
_
_.
merged Feb. 17,1961, under charter and title of the latter
bank (1301). The merged bank at date of merger had—

$15,581,208

1

402, 561, 280

32

In operation

417,914,996

To be
operated

33

NOTE.—Approved in 1960 but consummated in 1961.

Summary of Report by Attorney General
The proposed merger of The First National Bank of Amsterdam,
Amsterdam, New York, into The National Commercial Bank and
Trust Company of Albany, Albany, New York, would mean the
disappearance of one of the two remaining independent banks in a
service area of more than 61,000 population. Two large banks now
operate one branch each in Amsterdam, and the acquiring bank has
a branch 11 miles away, in addition to 30 other offices in Northeastern
New York. Thus, the merger would eliminate, at least, a limited
amount of potential competition between the two banks.
The acquiring bank has total resources of $370,121,000 and has
made 12 acquisitions since 1952. The acquired bank has total resources
of $15,397,000 and operates only one office in Amsterdam.
Basis for Comptroller's Approval
The First National Bank of Amsterdam's earnings were poor and the
bank was faced with a management succession problem, both of which
would be solved by the merger. Due to the fact that the banks were
30 miles apart and the nearest branch of the Albany bank was 11 miles



39

REPORT OF THE COMPTROLLER OF THE CURRENCY

west of Amsterdam, competition between the merging banks appeared
slight.

Banking offices
Name of bank and type of transaction

Coquille Valley Bank, Coquille, Oreg., with
was purchased Feb. 17, 1961, by the United States
National Bank of Portland, Oreg. (4514), which had___
After the purchase was effected, the receiving bank had.._

Total assets

In operation

$2, 891,385

1

884, 882,000
907,825,473

To be
operated

76
77

Summary oj Report by Attorney General
The United States National Bank of Portland, Portland, Oregon
(United States Bank), has requested permission to purchase the assets
and to assume the liabilities of Coquille Valley Bank, Coquille,
Oregon (Coquille Bank). It intends to operate the merged bank as
a branch office in Coquille, Oregon.
Applicant is one of two large State-wide banking chains which together control about 80 percent of all commercial banking in the State
of Oregon. Both State-wide chains have obtained their present positions in large part through mergers with and acquisitions of other
banks. Since 1953 applicant has acquired some 21 branches through
this means. It now proposes to add still another local bank to its
extensive chain of banking offices, thus continuing the trend toward
concentration of all banking in Oregon in the hands of two large banks.
Coquille Valley Bank competes directly with a branch office of
applicant's principal State-wide competitor also located in Coquille, an
independent bank located at Myrtle Point, some ten miles southeast
of Coquille and, to a degree at least, with a branch office of the applicant bank located at Coos Bayjabout 15 miles north of Coquille.
Actual and potential competition between applicant and Coquille
Bank will, of course, be eliminated by the acquisition. The acquisition may also endanger the ability of the remaining independent bank
at Myrtle Point to effectively compete with an additional branch
bank of a State-wide banking chain. It too may be forced to sell out
to one or the other of the large banking chains.
Thus, it is believed that the proposed acquisition will have an
adverse effect on competition and will tend to further the trend toward
concentration of all commercial banking in the State of Oregon in
the hands of two large^banking chains.
Basis for Comptroller's Approval
This was the purchase by a large Portland bank of a small bank
located in the logging community of Coquille, 250 miles from Portland.
The nearest banking office of The United States National Bank is
17 miles from Coquille, so it appeared that the service areas of the two
banks do not overlap. There is presently in Coquille a branch of The
First National Bank of Oregon, which is a slightly larger institution



40

REPORT OF THE COMPTROLLER OF THE CURRENCY

than The United States National Bank. Thus, the branch of the
continuing bank will be able to offer more effective competition to
the branch of The First National Bank of Oregon and the acquisition
will not materially affect the competitive position of the purchasing
bank in its service area. The purchase will also resolve an impending
management succession problem of the selling bank, which problem
prompted the sale.

Banking offices
Name of bank and type of transaction

The State Bank of St. Johns, St. Johns, Mich., with
and The St. Johns National Bank, St. Johns, Mich. (3378),
which had
consolidated Feb. 21,1961, under charter of the latter bank
(3378), and title "Clinton National Bank and Trust
Company, St. Johns." The consolidated bank at date
of consolidation had
__

Total assets

In operation

$6,615,418

1

6,708,652

To be
operated

1

3

13,324,070

Summary of Report by Attorney General
The proposed consolidation is for the purpose of permitting two small
banks in a small community (St. Johns, population 5,536) to unite
forces in meeting the competition of numerous other banks operating
nearby, three of which are much larger in size than the consolidating
banks combined. Consolidation would apparently result in improved
banking facilities for the community of St. Johns. Consolidation
would not appear to have a substantial adverse effect on competition
or tend to create a monopoly.
Basis for Comptroller's Approval
The State bank was faced with the need for enlarged banking
quarters and both banks needed drive-in facilities. Further, the
consolidated institution will be in a better position to compete more
effectively with the much larger banks in the general area.

Banking offices
Name of bank and type of transaction

Cicero State Bank, Cicero, N.Y., with
and The Merchants National Bank & Trust Company of
Syracuse, N.Y. (1342), which had
merged Feb. 28, 1961, under charter and title of the latter
bank (1342). The merged bank at date of merger had..




Total assets

In operation

$9,484,260

2

93,604,470

To be
operated

10

103,075,925

12

41

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
The Merchants National Bank & Trust Company of Syracuse and
the Cicero State Bank, Cicero, New York, are located within fourteen
miles of each other in Onondaga County, New York. Both banks
appear to compete, to a degree at least, with each other and with
four much larger other commercial banks in the area. The competition between the merging banks as of this time does not appear to be
substantial but might probably become more intensive in the future
due to the population growth in the area. If the merger is approved,
it will result in Merchants National Bank absorbing a small potential
competitor.
Basis for Comptroller's Approval
This was a merger of the smallest of four commercial banks in
Syracuse and a much smaller bank which was the only bank in Cicero,
New York, about fourteen miles north of Syracuse. The merger
would have no effect in Syracuse, but would bring to the Cicero area
a larger bank and expanded services.

Banking offices
Name of bank and type of transaction

Total assets

Security Trust Company, Lexington, Ky., with
__
and First National Bank and Trust Company of Lexington, Ky. (906), which had
___
consolidated Mar. 1,1961, under charter of the latter bank
(906), and title "First Security National Bank and Trust
Company of Lexington." The consolidated bank at
date of consolidation had

$19,751,883

2

61,419,801

4

In operation

81,171,684

To be
operated

6

Summary of Report by Attorney General
This proposed consolidation will eliminate direct and substantial
competition between the two banks with respect to demand and time
deposits, loans and discounts, and trust accounts. It will substantially increase First National's already dominant position in the banking area to 52% of all deposits, 54% of all loans, and 53.6% of all
assets, as among the commercial banks. In addition, it would give
First National control over 94 percent of the dollar value of trust
accounts in the area.
Lexington, Kentucky, is a healthy, rapidly growing agricultural,
educational, and commercial center whose financial and commercial
condition is quite capable of supporting vigorous competition among
its existing banks on a profitable basis. This proposed consolidation,
however, will not only eliminate a substantial factor in that competition but it will effect a situation which tends towards, and perhaps
actually creates, monopoly banking power in the hands of the already
dominant commercial bank. Such power is made all the more strong
by the extraordinary control the new bank will have over trust ac


42

REPORT OF THE COMPTROLLER OF THE CURRENCY

counts, much of which involves controlling ownerships in many
agricultural and commercial businesses in the area.
In view of the serious anticompetitive effects which this consolidation may have on the community and in response to a number of
complaints made to the Department in connection with this matter,
the Department has initiated an investigation to determine whether
the proposed consolidation will create any violations of the antitrust
laws.
Basis for Comptroller's Approval
The financial history and condition of each of the banks involved
was excellent. Both had records of long and successful operation
and both had high standing in the community. The adequacy of
capital stock and future earning prospects were excellent. The
general character of management which would be provided in the
combined institution would be of high grade and strengthened by the
consolidation. The convenience and needs of the community would
be served better by the combined institutions than by their operation
as separate entities.
The State of Kentucky in recent years has enjoyed very important
industrial growth, and outstanding national companies have moved
portions of their operations to the State. The industrial banking
situation in Lexington has been affected in material degree by this
fact. It is clear that Lexington is of growing importance in the
industrial field, and the State of Kentucky is having a new birth of
modern high-grade industrial development. This makes desirable
and necessary the development of banks large enough and with sufficient strength of organization to attract and hold deposits of the
larger companies which have come and will come to Kentucky.
All of the factors above mentioned were definitely favorable to
approval of this consolidation.
As to the competitive factors, it was believed that the effect of the
proposed consolidation on competition would not be unhealthy locally, and that as regards State and interstate relationships, it would
be definitely beneficial. While the combined bank would be the
largest institution in the city of Lexington, having 53 percent of deposits, the other four institutions have had good growth in recent
years and should continue to hold their own and make progress after
the consolidation.
Comments relative to the concentration of trust business in the
two institutions must be viewed in the light of the fact that this represents the accumulation of many years in which the other banks took
little or no part in this field, and that currently they are receiving
substantial amounts of this type of business. Also it is of importance
that a major portion of the new trust business developed in Fayette
County in recent years has been handled by individual trustees.
Thus it appeared that the consolidation would not adversely affect
competition and that the economic welfare of the Lexington community and the State of Kentucky would be served by its consummation.
Accordingly, it was found that the proposed transaction would be
in the public interest.



REPORT OF THE COMPTROLLER OF THE CURRENCY
*

#

#

#

*

43
*

Banking offices
Name of bank and type of transaction

The First National Bank and Trust Company of Ossining,
N.Y. (471), with
_
_
____
and First Westchester National Bank of New Kochelle,
N.Y. (13955), which had
consolidated Mar. 3, 1961, under charter and title of
the latter bank (13955). The consolidated bank at date
of consolidation had

Total assets

In operation

$12,228,644

2

69,354,346

To be
operated

10
12

81,174,061

Summary of Report by Attorney General
The consolidation of First Westchester National Bank of New
Rochelle and First National Bank and Trust Company of Ossining
would not have a substantial adverse effect on competition in the
areas served by these banks. Since the offices of the consolidating
banks are located in different communities within Westchester
County, and since the service areas of the two banks do not overlap,
no presently existing competition would be eliminated by this consolidation. Furthermore, the resulting bank would remain much smaller
than its largest competitors within Westchester County and would
remain subject to competition from these larger banks.
Basis for Comptroller's Approval
This was a consolidation of two banks both located in Westchester
County, but approximately 24 miles distant. The resulting bank
would continue to be substantially smaller than other banks in
Westchester County, but could better serve the needs of the Ossining
community. The loan volume of the First National Bank and
Trust Company of Ossining has been declining and its earnings were
poor.
Banking offices
Name of bank and type of transaction

Total assets

The Citizens National Bank of Bedford, Va. (10621), with
and The First National Exchange Bank of Koanoke, Va.
(2737), which had
______
merged Mar. 7, 1961, under charter and title of the latter
bank (2737). The merged bank at date of merger had__

$7,497,743

1

118,892,002

6

126,356,323

In operation

To be
operated

7

Summary of Report by Attorney General
This merger whereby applicant seeks to acquire within six months
the second of two banks in Bedford, Virginia, will bring monopoly
banking to the city of Bedford, Virginia, a community with a population of 5,900 and a service area population of 15,000. It will further
the dominance of First National in southwest Virginia, bringing it
control in the resulting service area to 33.4% of IPC deposits and
34.3% of loans and discounts. Thus, the proposed merger will



44

REPORT OF THE COMPTROLLER OF THE CURRENCY

eliminate substantial competition, create monopoly banking in
Bedford and further a tendency toward monopoly banking in Southwest Virginia.
Basis for Comptroller's Approval
At the time The First National Exchange Bank of Roanoke,
Roanoke, Virginia, merged with The Peoples National Bank of
Bedford, Bedford, Virginia, The Citizens National Bank of Bedford
initiated merger discussions with The First National Exchange Bank
of Roanoke because it felt that some of its problems could best be
resolved through the merger route. It desired to merge with The
First National Exchange Bank because of a long-continued association
with that bank. Bedford is a small town of about 5,900 persons
situated approximately halfway between Lynchburg and Roanoke.
Banks in those two cities as well as other small surrounding communities compete for Bedford business. Interest was evidenced of desire
on the part of others to establish a new bank in Bedford, and interest
was evidenced of a desire on the part of other banks in the surrounding area to move into Bedford. Subsequent to this merger the Bank
of Big Island, Inc. actually did establish a branch in Bedford.

Banking offices
Name of bank and type of transaction

Norwood Bank & Trust Company, Norwood, Mass., with
and South Shore National Bank of Quincy, Mass. (14798),
which had
merged Mar. 17,1961, under charter and title of the latter
bank (14798). The merged bank at date of merger had. _

Total assets

In operation

$6,117,840

1

58,455,266

To be
operated

12

64,573,106

13

Summary of Report by Attorney General
The charter bank has its main office in Quincy, Massachusetts.
It has 11 other branches. A branch at Braintree will be established
when a shopping center is completed, about April 1, 1961.
The merging bank was established in 1917 as the Norwood Morris
Plan Company and was authorized in 1948 to do business as the Norwood Bank and Banking Company and subsequently, on December 1,
1955, commenced business as the Norwood Bank & Trust Company.
It had one branch which was discontinued in 1957.
The application for leave to merge gives the following figures concerning the size of the charter and merging banks:
Charter bank

Total deposits
Loans and discounts

$52, 411, 000
14, 958, 000

Merging bank

$5, 157, 000
3, 432, 000

The application states the competitive situation in Norwood, a
town of about 21,000 people, as follows:

In the Town of Norwood, itself, there is one other commercial banking facility:
a branch of the Norfolk County Trust Company. There are three other branches
of the Norfolk County Trust Company within three miles of the Norwood Bank



45

REPORT OF THE COMPTROLLER OP THE CURRENCY

& Trust Company's location. Within five miles of this location, there are eight
branches of the Norfolk County Trust Company and two offices of the Dedham
Trust Company.

The application states the sizes of these competitive banks as
follows:
Total banking offices

Norfolk County Trust Company. 16
Dedham Trust Company
2

Estimated "IPC" deposits (D) and loans (L) of
H.O. service area

D-$94, 411, 000
D-2, 340, 000

L-$57, 595, 000
L-l, 722, 000

It appears that if the merger is authorized, the substitution of the
charter bank, with deposits of over $52,000,000 for the merging bank
with deposits of about $5,157,000, will create some competition for
the Norfolk County Trust Company, a bank with deposits of over
$94,000,000, but will probably create serious competitive problems for
the Dedham Trust Company with deposits of only $2,340,000, the
remaining independent bank in the area.
Basis for Comptroller's Approval
The limited resources and lending power of the Norwood bank were
not sufficient to service the needs of its community. A large credit
potential and expanded services will be available to the area through
the branch of the continuing bank. Quincy and Norwood are 15
miles apart, and because of this distance and the size of the two banks
there was little direct competition. The branch of the continuing
bank will stimulate competition in the Norwood area and the merger
will not materially affect the competitive position of the continuing
bank in its service area.

Banking offices
Name of bank and type of transaction

Madrid Bank, Madrid, N.Y., with
and The St. Lawrence County National Bank of Canton,
N.Y. (8531), which had
_
_
_
merged Mar. 24, 1961, under charter of the latter bank
(8531), and title "St. Lawrence County National Bank
of Canton, N . Y . " The merged bank at date of merger
had

Total assets

In operation

$1,065,625

1

9,263,933

To be
operated

2

10,329,558

3

Summary of Report by Attorney General
The proposed merger of the St. Lawrence County National Bank of
Canton and the Madrid Bank would have the following effects upon
competition.
1. St. Lawrence County National Bank will become the largest bank
in Lawrence County in terms of total deposits.
2. Northern New York Trust Company, which is under the control
of a large bank holding company, will continue to control the largest
percentage of loans in St. Lawrence County.
3. While some competition may be eliminated between the merging
banks, it would not appear to be substantial.
4. The merger does not appear to result in a significant increase in
concentration of banking power in St. Lawrence County.
644637—62
4



46

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
This was a merger of a comparatively small bank with a substantially smaller bank, the two banks being located in small towns approximately thirteen miles apart. It was brought about primarily
because of a management succession problem in the smaller bank.

Banking offices
Name of bank and type of transaction

Georgetown State Bank, Georgetown, Ind., with
and The Union National Bank of New Albany, Ind.
(14047), which had
_
_
merged Mar. 25,1961, under charter and title of the latter
bank (14047). The merged bank at date of merger had_

Total assets

In operation

$1,188,641

1

13,375,385

To be
operated

3

14,564,026

4

Summary of Report by Attorney General
Union National Bank of New Albany, Indiana, with $10,811,430 in
deposits and $5,195,886 in loans, is the largest of five banks located
in the New Albany-Georgetown, Indiana, area. The merging bank,
with deposits of $890,323 and loans of $504,575, is the smallest of
such five banks.
A degree of competition between the two banks will be eliminated
by the proposed merger but in view of the size of the merging bank
this does not appear to be substantial.
The merger will increase the size of the acquiring bank in relation
to other banks operating in its immediate service area, but in view of
the degree of competition faced by such banks from much larger banks
in Louisville, Kentucky, it would not appear that such increase in
size will materially affect the ability of the smaller banks to compete
in the area.
Basis for Comptroller's Approval
New Albany, Indiana, is across the Ohio Kiver from Louisville,
Kentucky. Georgetown is approximately 8 miles from New Albany
and has a population of about 1,000. The Georgetown bank, handicapped by limited resources and loaning capacity, found it difficult to
adequately serve its community. The banking factors were favorable
and there was no adverse effect upon competition.

Banking offices
,

Name of bank and type of transaction

Citizens Bank and Trust Company of Middletown, Pa., with_
^ i t a n d The Harrisburg National Bank, Harrisburg, Pa.
(580). which had
_
_
merged Mar. 30, 1961, under charter and title of the latter
bank (580). The merged bank at date of merger h a d . . .




Total assets

In operation

$5,308,598

1

48,218,110

To be
operated

4

53,526,708

.5

47

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
Harrisburg National Bank, together with its affiliate Harrisburg
Trust Company, comprises the second largest banking organization
in the Harrisburg, Pennsylvania, area, having attained this position in
part through three mergers since July 1, 1955, the most recent in June,
1960. During this period, loans have increased 725 percent and
deposits 111 percent. Citizens Bank and Trust Company of Middletown is the larger of the two banks operating in the borough of
Middletown, approximately 11 miles south of Harrisburg.
The merger with Citizens Bank & Trust Company would not only
eliminate substantial competition as between the two banks, and
remove another independent bank from the area, but it would increase
the power of Harrisburg National Bank (and Harrisburg Trust)
over the remaining competition from its smaller rivals which, in turn,
may lead to further mergers and consolidations.
Basis for Comptroller's Approval
This merger would bring to the Middletown area a greater credit
potential and expanded banking services, while at the same time
resolving the management problems of the Middletown bank. It
would have no effect upon banking competition in Harrisburg.

Banking offices
Name of bank and type of transaction

Total assets

Coraopolis Trust Company, Coraopolis, Pa., with
The Coraopolis National Bank, Coraopolis, Pa. (5069),
with
and The Union National Bank of Pittsburgh, Pa. (705),
which had_
,
. __
merged Mar. 31, 1961, under charter and title of the lastnamed bank (705). The merged bank at date of merger
had

$13,309,579

1

5,743,168

1

146,257,842

8

In operation

163,953,296

To be
operated

10

Summary of Report by Attorney General
Since one person owns 20 percent of the stock of Union National
Bank of Pittsburgh and 13K percent of the stock of the Coraopolis
Trust Company, which in turn owns virtually all of the stock in
Coraopolis National Bank, and since the same person is president
and a director of all three banks, it is probable that these three
institutions are not actually in competition with one another, and no
real competition exists between the Coraopolis Banks. Therefore,
the proposed merger would not appear to forecast a substantial lessening of present competition in the Coraopolis area northwest of
Pittsburgh. However, it should be noted that interlocking relationships of the type which have existed among ^.hese banks appear to
have potentially serious anticompetitive effects.



48

REPORT OF THE COMPTROLLER OF THE CURRENCY

The proposed merger will increase from two to three the number
of large centralized banking institutions with which the four remaining small single-office banks serving that area would have to compete.
Basis for Comptroller's Approval
All of the stock of Coraopolis National Bank was owned by Coraopolis Trust Company, and the two banks had common officers and
directors. The president of each of these banks was also the president
of The Union National Bank of Pittsburgh, and this individual had
substantial stock holdings in both Coraopolis Trust and The Union
National Bank of Pittsburgh. The Coraopolis banks were not aggressive, and both had management succession problems. The
merger will provide expanded services to the Coraopolis area, a suburban community approximately 12 miles from Pittsburgh.

Banking offices
Name of bank and type of transaction

Egypt-Schnecksville Bank, Egypt, Pa., with
and The Merchants National Bank of Allentown, Pa.
(6645), which had
consolidated May 26, 1961, under charter and title of the
latter bank (6645). The consolidated bank at date of
consolidation had

Total assets

In operation

To be
operated

$8,806,613
67,738,416
76,545,028

Summary of Report by Attorney General
If the proposed merger is approved the resulting bank's share of
IPC deposits will be increased from 24.2 percent in each service area
in question to 26.6 percent in the combined service area. Whereas
Merchants held 26 percent of loans and discounts in the Allentown
area and 25.37 percent of loans and discounts in the Egypt area, the
resulting bank would have 28.1 percent of loans in the combined area.
Banking in and around Allentown is becoming increasingly concentrated. In the past year the National Bank of Catasauqua and
Liberty Bank and Trust in Allentown have been acquired respectively
by the largest bank in Allentown and the second largest bank in Bethlehem, Pennsylvania. If the consolidation now sought is approved
there will be just three relatively large banking organizations with
home offices in the combined service area, holding, for example, 15.5,
26.6, and 50.9 percent of IPC deposits. Contrastingly, two small
banks competing on the fringe of this area, Coplay National Bank and
Neffs National Bank, would together have only 3.7 percent of such
deposits.
Basis for Comptroller's Approval
The communities served by the Egypt-Schnecksville Bank have
grown considerably and because of its limited capital and resources




49

REPORT OF THE COMPTROLLER OF THE CURRENCY

the bank was not able to accommodate all the needs of new businesses.
The consolidated unit will offer to this area its increased services including a trust department. While the consolidated unit will remain
the second largest bank in the Allentown-Bethlehem area, it will be
only half the size of its larger competitor.
Banking offices
Name of bank and type of transaction

The Peoples Bank and Trust Company, Dayton, Ohio, with,
and The Merchants National Bank and Trust Company
of Dayton, Ohio (1788), which had
consolidated June 2,1961, under charter of the latter bank
(1788), and title "The National Bank of Dayton." The
consolidated bank at date of consolidation had

Total assets

In operation

$42,583,839

5

37,259,056

To be
operated

5

79,842,895

10

Summary of Report by Attorney General
Peoples Bank and Trust Company, Dayton, Ohio, and The Merchants National Bank and Trust Company, Dayton, Ohio, propose to
consolidate under the charter of Merchants National and with the
title of The National Bank of Dayton.
As of December 31, 1960, Peoples Bank had 10 percent of total
deposits and Merchants National had 9 percent among the four banks
in Dayton. The largest bank had 58 percent and the second largest
had 23 percent of total deposits. Percentages of total resources and
of capital funds are approximately in the same ratios.
The two banks in the proposed consolidation have apparently assisted in the growth of small businesses only to lose the business in
later years as the enterprise grew to have borrowing requirements in
excess of the banks' lending limits or when specialized banking services
offered by larger banks were required. Thus, while the merger would
enable the banks involved to better compete with their larger rivals
and to retain additional business, it would eliminate substantial
competition between them.
Basis for Comptroller's Approval
Both banks are located in Dayton, Ohio, a highly industrialized
metropolitan area. Each bank had assisted the growth of many small
businessmen only to lose their business as the enterprises grew and
required borrowing in excess of the banks' lending limits, or when
specialized banking services were required. The consolidated unit
will have the required depth of management and personnel as well as
approximately double the present individual lending capacity of each
of the consolidating banks. There are two substantially larger banks
in the Dayton area, and the consolidated unit will be in a better position to offer more effective competition.




50

REPORT OF THE COMPTROLLER OF THE CURRENCY
*

*

*

*

*

*

*
Banking offices

Name of bank and type of transaction

The Farmer & Citizens Bank, Tiro, Ohio, with
__
and The Second National Bank of Bucyrus, Ohio (3274),
which had
__
merged June 17,1961, under charter and title of the latter
bank (3274). The merged bank at date of merger had

Total assets

In operation

$643,056

1

9,693,382

To be
operated

1

10,336,438

2

Summary of Report by Attorney General
The small size of the banks concerned and the banking problems
facing merging bank and the limited effect, if any, upon competition would indicate that the effects of this merger on competition
would not be adverse.
Basis for Comptroller's Approval
The merging banks are located in towns 15 miles apart, and in
view of this distance and their relative size, it appeared that there
was little direct competition between them. The continuing institution will assure the small Tiro community of the continuance
of banking services and will be in a position to provide management
for the Tiro branch.

Banking offices
Name of bank and type of transaction

Nanty Glo State Bank, Nanty Glo, Pa., with
and the United States National Bank in Johnstown, Pa.
(13781), which had.
merged June 17, 1961, under charter and title of the latter
bank (13781). The merged bank at date of merger h a d . . .

Total assets

In operation

$3,284,033

1

54,868,882

To be
operated

4

58,152,916

5

Summary of Report by Attorney General
United States National Bank is the largest bank in the area and
the merger of Nanty Glo, while small, would increase its dominant
)osition. Notwithstanding, Nanty Glo faces certain banking probems which could have a deleterious effect upon its future position.
On balance, it would appear that there would be an adverse effect
upon competition in the area, but not of grave importance.

f

Basis for Comptroller's Approval
Nanty Glo, which is located about 12 miles from Johnstown, has,
as its principal industry, bituminous coal mining. The decline of
the coal industry and the expected exhaustion of the present coal
mine has had a serious effect on the area's economy. A branch of a
large bank would be better able to withstand and adjust to the deteriorating economic condition and would be in a position to finance



51

REPORT OF THE COMPTROLLER OF THE CURRENCY

a recovery program, if one should arise. While the United States
National Bank in Johnstown is the largest bank in the area, it does
not appear that its position would be materially changed or that the
competitive position in the area will be changed as a result of the
merger.

Banking offices
Name of bank and type of transaction

Total assets

Bank of San Rafael, San Rafael, Calif., with
$20,571,324
First National Bank in San Rafael, Calif. (12640), with___
43,892,228
and Crocker-Anglo National Bank, San Francisco, Calif.
(1741), which had.
_
merged June 23. 1961, under charter and title of the last- 1,916,571,601
named bank (1741). The merged bank at date of merger had
_
_
1,977,791,421

In operation

To be
operated

1
9
102

Summary oj Report by Attorney General
The merger of these three banks would eliminate from the banking
scene in Marin County, California, the last two independent banks.
Only branches of large California banks would thereafter compete
within the service area; moreover, the three largest banks would then
control nearly 99 percent of IPC deposits and loans and discounts.
It would be another step in the elimination of all local banks in California. It would lessen existing and potential competition in Marin
County and would further increase concentration in commercial
banking within the State.
Basis jor Comptroller's Approval
California is a State having statewide branch banking and intensive
competition between very large banks having far flung branch systems. The Crocker-Anglo National Bank of San Francisco has 102
offices and total assets of almost $2 billion. This was a merger of
that bank with two banks in San Rafael which were closely affiliated
with each other. All of the capital stock of the First National Bank
in San Rafael, except directors' qualifying shares, was held in trust
for the benefit of the shareholders of the Bank of San Rafael. The
directors and officers of the two banks were identical and they occupied the same head-office quarters. The Bank of San Rafael operated
as a savings bank and the First National Bank in San Rafael operated
as a commercial bank.
San Rafael is located in Marin County about 17 miles north and
across the bay from San Francisco. The First National Bank in San
Rafael operated seven branches in Marin County and one in Sonoma
County. In this area there are a number of branches of very large
banks, including nine branches of the Bank of America National
Trust & Savings Association; 5 branches of the Wells Fargo Bank
American Trust Co.; and one branch each of United California Bank,
the Central Valley National Bank, and the Crocker-Anglo National
Bank.



52

REPORT OF THE COMPTROLLER OF THE CURRENCY

The branches of the Crocker-Anglo National Bank will bring to the
customers of the merging banks a greater credit potential and expanded services. It was concluded that there would be no significant
effect upon competition.

Banking offices
Name of bank and type of transaction

East Brady Office of Butler Savings and Trust Company,
Butler, Pa., with
_
was purchased June 24, 1961, by the Oil City National
Bank, Oil City, Pa. (14274), which had
_
After the purchase was effected the receiving bank had

Total assets

In operation

$2,686,705

1

38,133,302
40,761,454

To be
operated

5

6

Summary of Report by Attorney General
The proposed assets acquisition of the East Brady Office of the Butler Sayings and Trust Company by the Oil City National Bank is
necessitated by the impending merger of the head office into the Commonwealth Trust Company of Pittsburgh. Under Pennsylvania
banking law the merged bank would be prohibited from continuing to
operate the East Brady Office. There appears to be no competition
between the East Brady Office and the Oil City National Bank and
its offices, nor is it believed that the existing competitive situation
in the East Brady Office service area will be substantially affected.
Basis jor Comptroller's Approval
This was an acquisition by the Oil City National Bank of Oil City,
Pa., of the East Brady Office of Butler Savings and Trust Company of
Butler, Pa. Butler Savings and Trust Company had entered into a
merger agreement with Commonwealth Trust Company of Pittsburgh,
and, because of State law restrictions, the merged bank would be unable to continue the operation of the East Brady Office. The acquisition of that office by the Oil City National Bank will insure the
continuation of banking services in East Brady.

Banking offices
Name of bank and type of transaction

The Community Bank and Trust Company, New Haven,
Conn., with
_
and The Second National Bank of New Haven, Conn.
(227), which had
consolidated June 30,1961, under charter and title of the
latter bank (227). The consolidated bank at date of
consolidation had




Total assets

$13,603,918
60,335,520
73,973,311

In operation

To be
operated

53

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
The proposed consolidation of Second National Bank of New Haven
and Community Bank and Trust Company, New Haven, Connecticut,
would result in the formation of a third large bank in an area in
which seven banks would serve a population of about 350,000. Each
of the three of the banks would be larger than the remaining four
combined. While the proposed consolidation in banking in the
greater New Haven area would enable the resulting bank to compete
more effectively with the two larger institutions, the effect may
mean a lessening of competition.
Basis for Comptrollers' Approval
The Second National Bank is a downtown commercial bank while
The Community Bank is primarily a neighborhood bank with a large
portion of its deposits consisting of savings deposits. It does not
appear that these banks are in substantial competition. No banking
offices will be closed as a result of the consolidation which will bring to
the customers of The Community Bank expanded services. The
consolidated bank will remain the third largest of six commercial banks
in the area, and it will be better able to compete with the two larger
banks.
Banking offices
Name of bank and type of transaction

The Chesapeake Bank, Chesapeake, Ohio, with
___
was purchased June 30,1961, by The First National Bank
of Ironton, Ohio (98), which had
After the purchase was effected the receiving bank had

Total assets

In operation

$2,765,422

1

11,856,000
13,996,035

To be
operated

2
3

Summary of Report by Attorney General
By this application, First National Bank of Ironton, Ohio, with
total assets of $11,856,000 and the largest bank located in Lawrence
County, Ohio, proposes to purchase the assets and assume the liabilities
of Chesapeake Bank, with assets of $2,373,000 and one of two competing banks also located in Lawrence County, Ohio.
In 1959 First National indirectly, through a syndicate owned by
directors of First National, purchased stock control of Chesapeake in
part with funds supplied by First National for the stated purpose of
selling Chesapeake to First National. This conduct, which is of
questionable legality under the antitrust laws and contrary to what
the bank is authorized to do directly, resulted, as a practical matter,
in the elimination of Chesapeake as a significant factor in competition
and increased the dominant position of First National to such a point
that it has about 65 percent of "IPC" deposits and loans and discounts
among banks located in Lawrence County, Ohio. This, of course,
seriously endangers the ability of the sole competitor to effectively



54

REPORT OF THE COMPTROLLER OF THE CURRENCY

compete with First National and results in a tendency toward
monopoly in banking, if monopoly has not in fact been achieved.
By this application, First National seeks the approval of a merger
which was brought about by conduct which raises serious questions
under the Sherman Act, and by conduct of its directors, which the
bank itself is not permitted to engage in.
Basis for Comptroller's Approval
Chesapeake, Ohio, is on the Ohio River, 25 miles southeast of
Ironton, Ohio, and is primarily a residential suburb of Huntington,
W. Va., from which it is directly across the Ohio River. Ironton, on
the other hand, also on the Ohio River, is only five miles from Ashland,
Ky. The Chesapeake Bank was in competition with the banks in
Huntington, and the Ironton bank was in competition with the banks
in Ashland. This acquisition would have no effect upon competition.
Shortly after its organization, The Chesapeake Bank found itself in
a long-term bond position from which it could not extricate itself.
This, plus its limited capital and related lending power, made it
unable to offer the community the required credit potential. The
purchasing bank will be able to service the credit needs of the residential and commercial developments now in progress in the area.

Banking offices
Name of bank and type of transaction

The Bank of McKees Rocks, McKees Rocks, Pa., with
and the Western Pennsylvania National Bank, McKeesport, Pa. (2222), which had
__..
consolidated June 30, 1961, under charter and title of the
latter bank (2222). The consolidated bank at date of
consolidation had

Total assets

In operation

$9,562,385

1

217,317,817

To be
operated

26

226,880,202

27

Summary of Report by Attorney General
There would not appear to be any adverse effect upon competition
stemming from this consolidation. The small size of consolidating
bank, highly concentrated and competitive banking climate in this
general area, and the advantages to the community from this consolidation support this view.
Basis for Comptroller's Approval
These banks are located in the Pittsburgh metropolitan area in
communities which are 17 miles apart, so there appears to be little
direct competition. While a slight increase will result in Western
Pennsylvania's portion of the total deposits in the area, it will stimulate competition in McKees Rocks, which is served by the branches
of two Pittsburgh banks, and the consolidated bank will offer a
broader and more modern banking service, including trusts, to the
McKees Rocks area.



55

REPORT OF THE COMPTROLLER OF THE CURRENCY

Banking offices
Name of bank and type of transaction

The Farmers National Bank of Thompsontown, Pa. (10211),
with
and The Peoples National Bank of Mifflin, Pa. (9678),
which had
_
consolidated June 30, 1961, under charter of the latter
bank (9678), and title "The Peoples-Farmers National
Bank, Mifflin, Pa." The consolidated bank at date of
consolidation had

Total assets

In operation

$1,642,259

1

2,639,233

To be
operated

1

2

4,281,493

Summary of Report by Attorney General
The modest size of the two banks in their particular service areas,
the additional services they would afford to the inhabitants, indicates
that this consolidation would not adversely effect the competitive
situation nor tend toward a monopoly.
Basis for Comptroller's Approval
The consolidating banks are located about 11 miles apart, with the
Juniata River and the town of Mifflintown intervening. It would
appear that little competition exists between them. The consolidated
unit will be only slightly larger than its nearest competing banking
institution. The consolidated bank will bring to the respective
communities involved a greater credit potential, expanded services,
and a strengthened financial institution.

Banking offices
Name of bank and type of transaction

The Sharon National Bank, Sharon, Conn. (13245), with
and The First National Bank of New Milford, Conn.
(1193), which had
consolidated July 14,1961, under charter of the latter bank
(1193), and title "Litchfield County National Bank,
New Milford." The consolidated bank at date of
consolidation had

Total assets

In operation

To be
operated

$2, 727, 836
8, 872, 673

11, 600, 509

Summary oj Report by Attorney General
The Attorney General has reported to the Comptroller of the
Currency that the proposed merger of The First National Bank of
New Milford, New Milford, Conn., and The Sharon National Bank,
Sharon, Conn., would not seriously affect competition. Both banks
are relatively small and do not appear to be effective competitors due
to the distance between their respective offices.




56

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
The areas served by these two banks in northwest Connecticut
approximately 28 miles apart are largely rural. While the resulting
bank will continue to be the largest bank in the area, it remains much
smaller than two of the larger banks operating branches in the area.
The consolidated unit will be enabled to offer increased credit and
trust facilities to the Sharon area.
Banking offices
Name of bank and type of transaction

The State Savings Bank of Elsie, Mich., with
and Clinton National Bank and Trust Company, St.
Johns, Mich. (3378), which had
_
consolidated July 19, 1961, under charter and title of the .
latter bank (3378). The consolidated bank at date of
consolidation had

Total assets

In operation

$2,558,183

1

13,053,543

To be
operated

1
2

15,600,388

Summary oj Report by Attorney General
It does not appear that the competition eliminated between the
banks is substantial. Nor does it appear that the consolidation will
substantially affect adversely the competitive situation in the general
banking area.
The trend toward concentration in the area should be noted. The
consolidation eliminates another independent bank and increases the
relative position of Clinton over its smaller rivals, which may, of
necessity, combine in order to more effectively compete with the
larger banks.
Basis for Comptroller's Approval
The State Savings Bank of Elsie, because of its restricted lending
capacities, was unable to meet the credit and mortgage needs of the
area. The resulting bank will offer all types of loans to the community, together with expanded services, including a trust department.
The 18 miles' distance between the banks resulted in very little direct
competition between them.

Banking offices
Name of bank and type of transaction

Bank of Carolina Beach, Carolina Beach, N.C., with
and First National Bank of Jacksonville, N.C. (14676),
which had
___
_
___
___
merged July 22, 1961, under charter and title of the latter
bank (14676). The merged bank at date of merger had




Total assets

In operation

$944,844

1

8,176,413

To be
operated

4

9,121,257

5

57

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
Carolina Beach, a small bank, servicing a growing tourist and resort
area, has no competition in its area. First National, on the other
hand, faces substantial competition in the Jacksonville, Wallace and
Wilmington service areas and controls in all three banking areas
consider ably less resources than its competitors.
The addition of the meager resources of Carolina Beach will not
appreciably change the size of First National nor alter its rank among
competitors. No adverse effect on the competitive situation in either
the Jacksonville, Wallace or Wilimington banking areas will result,
nor will any competition be eliminated between tne banks in view of
their different geographic locations. Furthermore, it appears that
the community of Carolina Beach will benefit by the additional resources, comprehensive banking services and improved personnel to
be allocated to that local area. It is the opinion of the Department
of Justice, therefore, that the proposed merger, if consummated, will
have no adverse effect on competition.
Basis for Comptroller's Approval
This merger would bring to Carolina Beach expanded banking services as well as improved management.

Banking offices
Name of bank and type of transaction

The Home Bank, Cridersville, Ohio, with
and The First National Bank of Wapakoneta, Ohio (3157),
which had
consolidated July 31, 1961, under charter and title of the
latter bank (3157). The consolidated bank at date of
consolidation had

Total assets

In operation

$1,314,100

1

9,691,552

To be
operated

1

10,820,027

2

Summary of Report by Attorney General
The First National Bank of Wapakoneta has assets of $9,176,123,
deposits of $6,100,000 and loans and discounts of $3,914,000. The
Home Bank has assets of $1,436,056, deposits of $1,250,000, and loans
and discounts of $620,812.
Based on the available information, it appears that the competition
eliminated between First National and Home Bank will not be substantial. The limited size and scope of The Home Bank's operation
which renders it unable to adequately service the needs of its banking
area combined with the fact that the resulting bank (will face substantial competition, leads to the conclusion that the consolidation, if
consummated, will have no substantial adverse effect on competition.




58

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
The Cridersville Bank was unable to satisfy the needs of its local
community and was unable to attract qualified personnel to provide
for management succession because of its limited resources. The
branch of the larger consolidated unit would be able to service the
needs of the area, providing capable management and executive supervision.

Banking offices
Name of bank and type of transaction

Total assets

In operation

The Citizens-Waynesboro Bank and Trust Company,
Waynesboro, Va., with
$10,965,658
and The Peoples National Bank of Charlottesville, Va.
(2594), which had
89,888,122
merged Aug. 2, 1961, under charter and title of the latter
bank (2594). The merged bank at date of merger had_ _ 100,428,780

To be
operated

2
11
13

Summaryjyf Report by AttorneylOeneral
The Peoples National Bank of Charlottesville, Charlottesville,
Virginia, with total resources of $86,882,000, proposes to acquire
The Citizens-Waynesboro Bank and Trust Company, Waynesboro,
Virginia, with total resources of $10,962,000. Peoples ranks first
among the thirty-one banks in its service area in Central Virginia; its
holdings of over 22 percent of the estimated IPC deposits and nearly
26 percent of the loans in the area make it more than twice the size
of its next largest competitor. Citizens ranks ninth among Peoples'
competitors in IPC deposits with 3.3 percent and seventh in loans
with 3.7 percent. In the merging bank's service area, one of the
most rapidly growing sections in Virginia, the resulting bank will
hold almost 59 percent of IPC deposits and over 63 percent of loans,
with the next largest of the remaining seven competitors holding 12
percent of IPC deposits and 11 percent of loans.
The acquisition would substantially lessen competition in the
service area of the charter bank, eliminate one of Waynesboro's two
banks, and result in a tendency to monopoly in the service area of the
merging bank.
Basis for Comptroller's Approval
Waynesboro, located 23 miles from Charlottesville, has experienced
rapid industrial growth and population increase. The credit demands
on the area banks have been great and the local institutions had
difficulty meeting these demands. The merged institution would
offer to the area its greater facilities, and the charter bank, because of
the restrictions of Virginia law, was the only sizable institution which
could operate a branch in the Waynesboro area. The merger further
served to relieve the management succession problem of the Waynesboro Bank.



REPORT OF THE COMPTROLLER OF THE CURRENCY
*

*

*

*

*

*

59

*
Banking offices

Name of bank and type of transaction

Fort Hill Bank and Trust Company, Clemson, S.C., with
and The First National Bank of South Carolina of Columbia, S.C. (13720), which had
__
_.
merged Aug. 4, 1961, under charter and title of the latter
bank (13720). The merged bank at date of merger had.

Total assets

In operation

$2,485,528

1

77,834,019

To be
operated

14

80,315,700

15

Summary of Report by Attorney General
The single office of Fort Hill Bank and Trust Company is approximately 20 miles from the nearest office of The First National Bank of
South Carolina of Columbia, and competition between the two banks
appears to be negligible.
First National's growth in recent years has been rapid and it appears to regard the proposed merger and others as necessary to enable
it to compete effectively with the two banks in South Carolina which
are larger than First National. This position does not appear to
have due regard for the competitive positions of the commercial banks
which are substantially smaller than First National. However,
because of the relatively small size of Fort Hill and its distance from
the closest office of First National, it is not believed that this proposed
merger will substantially affect competition or tend to create a monopoly in commercial banking.
Basis for Comptroller's Approval
The nearest branch of The First National Bank of South Carolina
to the single office of Fort Hill Bank and Trust Company was approximately 20 miles distant, so that there was little competition between
them. A branch of The First National Bank of South Carolina will
bring expanded services to the Clemson area.

Banking offices
Name of bank and type of transaction

The First National Bank of Cresson, Pa. (5768), with
was purchased Aug. 18,1961, by The First National Bank
of Ebensburg, Pa. (5084), which had
After the purchase was effected the receiving bank had...

Total assets

In operation

$2,769,840

1

8,825,449
11,487,640

1

To be
operated

2

Summary of Report by Attorney General
The First National Bank of Ebensburg, Ebensburg, Pennsylvania,
proposes to purchase the assets and to assume the liabilities of The
First National Bank of Cresson, Cresson, Pennsylvania.



60

REPORT OF THE COMPTROLLER OF THE CURRENCY

Although the proposed acquisition would eliminate a rather ineffective competition presently offered by Cresson Bank, it is not
believed that the overall competitive situation in the two service
areas will be substantially affected.
Basis for Comptroller's Approval
These banks are located in the west-central section of Pennsylvania.
Because of the curtailment of coal mining and railroad activities, the
area is economically depressed. As a result of the purchase, the continuing bank will offer the Cresson area a wider range of banking
services, including trust facilities, and a more liberal loan policy.
There will be no material effect on competition between the two banks
since it is, at present, nominal, and the purchase will result in more
effective competition with the two large banks in the service area.

Banking offices
Name of bank and type of transaction

The First National Bank of Latonia, Covington, Ky.
with
_
_
--and The First National Bank and Trust Company of Covington, Ky. (718), which had
consolidated Aug. 25, 1961, under charter and title of the
latter bank (718). The consolidated bank at date of consolidation had

Total assets

In operation

To be
operated

$3,118,919
13,069,937
16,188,855

Summary oj Report by Attorney General
Both banks are situated in Covington, Kentucky, and the two
banks are competitive with one another and with seven other banks
in the Covington area. The merger will not change the position of
First National of Covington as the area's second largest bank but
it will result in the elimination of a competitive factor which has
been able to secure 4.5% of the IPC deposits and 3.4% of the loan
business of the area.
Basis for Comptroller's Approval
Covington, Kentucky, is located directly across the Ohio River from
Cincinnati. Its population of approximately 60,000 is served by
6 comparatively small banks. Latonia, while actually part of
Covington, has retained much of its former separate identity. This
consolidation will provide a slightly larger bank for the Covington
area, and will have no significant effect upon competition.




REPORT OF THE COMPTROLLER OF THE CURRENCY
*

*

*

*

*

*

61

*
Banking offices

Name of bank and type of transaction

First National Bank of Myrtle Beach, S.C. (14698), with
and The South Carolina National Bank of Charleston,
S.C. (2044), which had
merged Aug. 26, 1961, under charter and title of the latter
bank (2044). The merged bank at date of merger had

Total assets

In operation

$7,356,953

3

265,703,819

To be
operated

39

273,060,772

42

Summary of Report by Attorney General
Application has been made for the consolidation of The South
Carolina National Bank of Charleston, Charleston, South Carolina,
and the First National Bank of Myrtle Beach, Myrtle Beach, South
Carolina. The Myrtle Beach community is a burgeoning resort area
with great potential for those who are, or wish to be, engaged in
commercial banking. It is presently being served by First National
and a branch of a small bank in Conway, South Carolina. South
Carolina National, the largest bank in South Carolina, seeks approval
to merge with the largest of these independent banks. Its entry into
Myrtle Beach via consolidation with the largest independent bank
in the area may create decisive disadvantages to independent commercial banking by others in the local service area.
Basis for Comptroller's Approval
Myrtle Beach is located 95 miles northeast of Charleston and is a
rapidly growing area, expanding from a summer resort to a year-round
resort and residential area.
Because of limited capital and a small loan capacity, the Myrtle
Beach bank has been unable to keep up with the needs of the community. There was no direct competition between the banks as their
service areas do not overlap and the merger will have no significant
effect on statewide banking. It will, however, bring increased banking
facilities to a rapidly growing area.

Banking offices
Name of bank and type of transaction

Total assets

City National Bank and Trust Company of Chicago, 111.
(13638), with
$380,193,920
and Continental Illinois National Bank and Trust Company of Chicago, 111. (13639), which had
2,869,753,825
merged Sept. 1, 1961, under charter and title of the latter
bank (13639). The merged bank at date of merger had.... 3,248,306,844

644637—62


In operation

To be
operated

1
1
1

62

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
Two of Chicago's leading commercial banks seek approval to merge.
If approval is granted, City National Bank and Trust Company of
Chicago (City) would be merged with and into Continental Illinois
National Bank and Trust Company of Chicago (Continental).
Amalgamation of the aforementioned banks would be contrary to
the criteria of Section 18 (c) of the Federal Deposit Insurance Corporation Act. Deleterious competitive effects flowing from such a merger
are not counterbalanced by the banks' assertions of benefits to the
public. Such benefits must be "demonstrable" and the burden of
demonstrating them lies with the applicants. They have failed to
provide persuasive evidence of concrete benefits which accrue either
to the nation as a whole or to any of its regions.
There are numerous harmful competitive effects which flow from
the merger under review. In the Chicago Metropolitan Area alone
there are enough harmful effects to support a decision denying approval to merge. In this region the following would occur:
1. Three bank concentration of more than 70 percent of loans
and deposits would be substantially increased.
2. City, the sixth largest bank, would be eliminated as a dynamic check force to further concentration in the hands of the
three largest banks.
3. Substantial competition which exists between City and Continental will be eliminated.
4. Harris Trust and Chicago National merged on October 24,
1960. Prior to their merger, both banks represented a substantial
check on further concentration in the hands of the first three.
Now City is to be eliminated as a competitive influence. These
mergers will have the cumulative effect of encouraging further
consolidations, further concentration and ultimately a completely
stratified banking structure.
Basis for Comptroller's Approval
This merger would combine the second and sixth largest banks in
Chicago, having total resources in excess of $3.2 billion. By virtue of
this merger Continental Illinois National Bank and Trust Company
would become by a small margin the largest bank in Chicago, and
would move up from tenth to ninth largest bank in the Nation. Continental Illinois National Bank and Trust Company was formed in
1929 out of a consolidation of Continental National Bank and Trust
Company of Chicago and Illinois Merchants Trust Company. Its
financial condition is good, its capital structure is adequate, and its
future earnings prospects are good.
The general character of the management of Continental Illinois
National Bank and Trust Company is very good. Its board of
directors consists of men outstanding in their respective businesses
and professions and prominent in civic affairs. Its active management
is composed of capable and experienced bankers. This management
talent will continue to be available to the merged bank. Thus Continental Illinois National Bank and Trust Company will continue to
be in the first rank of American financial institutions.



REPORT OF THE COMPTROLLER OF THE CURRENCY

63

City National Bank and Trust Company was formed in 1932 as
a successor to Central Republic Trust Company. Its financial history
and condition were satisfactory until little more than 6 years ago.
Its lack of progress in recent years and existing difficulties which are
the reason for this merger stem from the severe management problems
which the bank has had since 1955 when because of internal difficulties
it lost its chief executive, and its apparent inability to resolve these
problems in a satisfactory manner. While the present senior managing
officers of the bank are capable and experienced, they are past retirement age and have been serving on an interim basis at the invitation
of the board of directors while serious efforts have been made to
obtain top management personnel. In spite of diligent efforts the
bank has been unsuccessful in procuring qualified persons to assume
the top management positions. This lack of success is a result not
only of the shortage of qualified bank executives existing today, but
also, and primarily, of a unique problem of the bank which has made
prospective management personnel reluctant to accept employment.
The management problem extends also into the lower levels.
During the past few years morale has been poor among junior-officer
personnel and the bank has been losing such personnel to other banks.
This problem accelerated after it appeared that there might be a
long delay before the merger could be consummated, and while there
was uncertainty as to whether it would be permitted.
This merger would not have serious adverse effect upon competition.
Both banks are located in the central business district of Chicago,
approximately across the street from each other. Within this area
there are 16 banks, of which 5 are larger than City National Bank
and Trust Company, and 8 have total resources in excess of $100
million. These are large and aggressive banks. While City National
Bank and Trust Company would be eliminated as a competitor,
that bank's inability to acquire management with youth, aggressiveness, and promotional-minded leadership has prevented it from being
an effective and aggressive competitor. There appeared to be no
likelihood that it would be able to resolve its problems and become
an effective and aggressive competitor within the foreseeable future.
Moreover, after this merger there would remain adequate competition
at all levels in the Chicago area and there would remain an adequate
number of alternative sources of all banking services. Within the
city of Chicago, because of the Illinois ban on branch banking, there
are more than 75 banks. Of these, 14 have total resources in excess
of $100 million. Customers having need of the services of a bank of
$100 million size or larger are, of course, not confined to the Chicago
area, but have available to them the services of large banks throughout
the Nation.
There would be no effect upon competition at the national or regional
levels except to the extent that the competitive effectiveness of
Continental Illinois National Bank and Trust Company would be
slightly enhanced by its increased size resulting from this merger.
There would be no tendency toward monopoly resulting from this
merger. The merger would not bring the merged bank measurably
closer to the monopoly power of being able to raise prices or to exclude
competition,



64

REPORT OF THE COMPTROLLER OF THE CURRENCY

Accordingly, it was found that the proposed merger would be in the
public interest.

Banking offices
Name of bank and type of transaction

Citizens Savings Bank Company, Cambridge, Ohio, with
was purchased Sept. 2, 1961, by The Central National
Bank, Cambridge, Ohio (13905), which had
After the purchase was effected the receiving bank had.. _

Total assets

In operation

$3,209,407

1

9,054,135
12,099,607

To be
operated

4

5

Summary of Report by Attorney General
The Central National Bank at Cambridge, Cambridge, Ohio,
proposes to purchase the assets and to assume the liabilities of The
Citizens Savings Bank Company, Cambridge, Ohio.
The proposed acquisition would eliminate apparent competition
between the two banks which are now in second and fifth place in
their common service area. It also would make the resulting bank
the largest bank in the area and concentrate most of its banking in
the hands of two institutions. However, the competition between
the merging banks is only nominal since the president and large
stockholder of the acquiring bank recently acquired virtually all of
the stock of the selling bank.
Basis for Comptroller's Approval
Substantially all of the stock of The Citizens Savings Bank
Company, Cambridge, Ohio, was owned by the president of The
Central National Bank at Cambridge. This acquisition will resolve
a management problem for The Citizens Savings Bank Company,
will enable the convenience and needs of the community to be better
served, and should result in improved earnings by the combined
bank.

Banking offices
Name of bank and type of transaction

The Fredonia National Bank, Fredonia, Pa. (13884), with
was purchased Sept. 2,1961, by The First National Bank
of Mercer, Pa. (392), which had
After the purchase was effected the receiving bank had




Total assets

In operation

$1,527,046

1

13,055,000
14,649,872

1

To be
operated

2

65

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
The First National Bank of JMercer is the only bank in Mercer,
the county seat of Mercer County, Pennsylvania, it has total deposits
of $12,401,000, loans and discounts of $6,436,000, and total assets of
$13,055,000. Fredonia National Bank is the only bank in Fredonia, a
small town nine miles north of Mercer. It has deposits of $1,342,000,
loans and discounts of $753,000, and total assets of $1,507,000.
Several banks larger than either of the merging banks or the resulting
bank operate in Mercer County.
In our view the effects of the proposed acquisition on competition
would be as follows: A degree of existing competition between the
acquired and acquiring banks would be eliminated; one of twelve
competing banks in Mercer County would be eliminated; and the
acquiring bank would slightly increase its share of deposits, loans, and
banking resources. Because of the relatively small size of the acquired
bank and the number or relatively large competing banks which will
remain in Mercer County after the merger it is not felt that the effect
on competition will be significantly adverse.
Basis for Comptroller's Approval
This was an acquisition by the only bank in Mercer, Pa., of the
only bank in Fredonia, Pa., about 9 miles distant. It was brought
about by the decision of the executive officer of the Fredonia National
Bank to retire, which would have left the bank without management.

Banking offices
Name of bank and type of transaction

The First National Bank of New Kensington, Pa. (4913), with,
was purchased Sept. 26, 1961, by Pittsburgh National
Bank, Pittsburgh, Pa. (252), which had
After the purchase was effected the receiving bank had

Total "assets

In operation

$20,817, 790

1

979,386,000
995, 421,977

52

To be
operated

53

Summary of Report by Attorney General
Pittsburgh National Bank is the second largest bank in the Pittsburgh area with assets of approximately $980,000,000, operating 52
banking offices, which constitute approximately one-third of all
banking offices located in the service area comprised of the four
Pennsylvania counties of Allegheny, Butler, Washington and Westmoreland. During the past decade Pittsburgh National Bank has
assumed the liabilities and acquired the assets of 11 banks, has merged
with a 12th bank, and has consolidated with a 13th bank. In part, as a
result of said/acquisitions it has increased its loans by 205 percent
and its deposits by 94 percent. The First National Bank of New




66

REPORT OF THE COMPTROLLER OF THE CURRENCY

Kensington has total assets of approximately $22 million and is one
of the only two independent banks remaining in the New Kensington
area.
At the present time there are 12 banking offices in the New Kensington trade area to service a population of approximately 40,000. Of
these, only two are independent banks (National Deposit Bank,
Arnold, Pennsylvania, with IPC Deposits of $8,500,000 and loans of
$5,030,000, and The First National Bank of New Kensington). The
other ten banking offices are branch offices. These branch offices
include those of the applicant and Pittsburgh's largest bank, Mellon
National Bank and Trust Company.
The proposed acquisition will result in the elimination of competition between the acquiring and selling banks, eliminate still another
independent bank from the area, and continue the trend toward more
acquisitions and mergers in commercial banking in the Pittsburgh
area. The Pittsburgh area is now dominated by two large banks,
both of which have reached their position of dominance in large part
through acquisition of other banks.
The two largest banks in Pittsburgh now have approximately 73
percent of IPC deposits and over 75 percent of loans and discounts
of commercial banks in the Pittsburgh area. Concentration in banking in Pittsburgh is among the highest in the United States and a
pronounced tendency to monopoly in commercial banking exists in
that area. The proposed acquisition, considered either separately
or in conjunction with Pittsburgh National's numerous other acquisitions, would eliminate substantial existing competition, further the
tendency to monopoly in commercial banking in the Pittsburgh area
and raises serious questions under the antitrust laws.
It is the view of the Department of Justice that the tendency to
monopoly in commercial banking in the Pittsburgh area has reached
such proportions that any further mergers or consolidations by either
Pittsburgh National or Mellon National would raise serious questions
under the antitrust laws.
Basis for Comptroller's Approval
Pittsburgh, with a population of over 600,000, is located in Allegheny County and is the hub of an industrialized metropolitan area
embracing Allegheny, Washington, Butler, and Westmoreland
Counties. Pittsburgh National Bank is the second largest bank in
Pittsburgh, but is less than one-half the size of Mellon National
Bank, the largest bank in Pittsburgh. New Kensington is located in
Westmoreland County about 21 miles from Pittsburgh, and is set
apart by the Allegheny River and the Pennsylvania Turnpike.
Pittsburgh National Bank does not have a branch in New Kensington,
but there is a branch of Mellon National Bank there.
The banking factors involved in this acquisition were favorable,
and it did not appear that there would be any significant adverse
effect upon competition. This transaction would have no effect on
competition in Pittsburgh, nor would it have any adverse effect upon
competition in New Kensington, since the only effect there would be




67

REPORT OF THE COMPTROLLER OF THE CURRENCY

to substitute for the First National Bank of New Kensington, a
branch of Pittsburgh National which would then be in competition
with the New Kensington Branch of Mellon National Bank. There
appeared to be little, if any, competition between Pittsburgh National
Bank and the First National Bank of New Kensington.
There is no basis for any conclusion that this transaction would
further a tendency toward monopoly. While Pittsburgh National
Bank is a large bank, as indicated above it is less than one-half the
size of the largest bank in Pittsburgh, while there are 11 other
banks in Pittsburgh including 2 with assets in excess of $100 million,
as well as 26 other banks in the Pittsburgh area including 2 banks
in McKeesport having assets in excess of $100 million.
In Transamerica Corp. v. Board of Governors (C.A. 3, 1953), 206 F.
2d 163, 169, the court, in dealing with the question of what constitutes
a tendency toward monopoly stated:
A monopoly involves the power to raise prices or to exclude competition when
the monopolist desired to do so. Obviously, under section 7 it was not necessary
for the Board to find that Transamerica has actually achieved monopoly power
but merely that the stock acquisitions under attack have brought it measurably
closer to that end.

To a like effect see the report of the Attorney General's National
Committee to Study the Antitrust Laws, p. 124.
Obviously, by this acquisition the Pittsburgh National did not
move "measurably closer'' to the monopoly power of being able to
raise prices or to exclude competition.

Banking offices
Name of bank and type of transaction

The National Bank and Trust Company of West Grove, Pa.
(2669), with
and the National Bank and Trust Company of Kennett
Square, Pa. (2526), which had.
consolidated Sept. 29, 1961, under charter and title of the
latter bank (2526). The consolidated bank at date of
consolidation had

Total assets

In operation

$4, 514,028

1

12,443, 691

To be
operated

1

16,957,719

2

Summary of Report by Attorney General
It is our view that the proposed consolidation will have the effect of
eliminating a substantial amount of competition between the two
banks, particularly in the sizable geographical area over which their
respective service areas overlap, and that a large number of persons
and businesses who now have three commercial banks with which
they can transact commercial banking without the necessity for
traveling 10 miles or more would have only two banks available for
such business after the consolidation. However, there are a number
of other banks located beyond the 10-mile area. In these circumstances we do not believe that the effect on competition would be
substantially adverse.



68

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
This was a consolidation between banks in small towns in a rural
area. The primary reason for the consolidation was the age and poor
health of the managing officers of the West Grove bank.

Banking offices
Name of bank and type of transaction

Total assets

Osborne Trust Company, East Hampton, N.Y., with
and Valley National Bank of Long Island, Valley Stream,
N.Y. (11881), which had
consolidated Oct. 13, 1961, under charter and title of the
latter bank (11881). The consolidated bank at date of
consolidation had

$11,863,641

1

58, 565,396

9

In operation

To be
operated

11

70,429,038

Summary oj Report by Attorney General
The geographical distance separating these banks, the fact that
there is no competition between them and the dominant position
of Franklin National Bank in this region leads to the conclusion
that the merger would not have any substantial adverse effect upon
competition nor would it tend toward monopoly.
Basis for Comptroller's Approval
These two Long Island banks are located almost 100 miles apart.
The consolidated bank, with enlarged resources and greater depth of
management, would be able to provide broader commercial and trust
services to all the communities within its service area.

Banking offices
Name of bank and type of transaction

Total assets

Central Trust Capital Bank, Harrisburg, Pa., with._
and National Bank of York County, York, Pa. (694)
which had
___
__
_
consolidated Oct. 13, 1961, under charter of the latter
bank (694), and title "National Bank & Trust Company of Central Pennsylvania," York. The consolidated bank at date of consolidation had.

$49,016,310

In operation

To be
operated

5

77,329,955

126,346, 264

12

Summary of Report by Attorney General
Recent acquisitions by the National Bank of York County and
the Central Trust Capital Bank are primarily responsible for their
substantial growth. Since 1959, more than 60 percent ($39,4X0,799)



69

REPORT OF THE COMPTROLLER OF THE CURRENCY

of the National Bank's total deposits and since 1957, over 63 percent
($27,228,843) of Central Capital's total deposits are directly attributable to mergers.
The resulting bank would rank first in size in the individual service area of each participating bank, and the two largest banks in the
service area of National Bank would control 62 percent of total "IPC"
deposits, while the two largest in Central Trust's service area would
have 50 percent of total "IPC" deposits. This undue concentration
of banking power will inevitably lead small banks to attempt to combine in order to be able to effectively compete with the larger banks.
The proposed merger apparently is another in a pattern of mergers which has manifested itself in the last few years in the service
area involved, and is apparently an integral part of the operational
activities and expansion program of the participating banks. It
would serve to increase the relative strength of First National and
Central Trust in their respective banking areas. Although no substantial competition appears to directly exist between the two banks,
the eventual effects on competition in the general banking area
would appear to be adverse.
Basis for Comptroller's Approval
The consolidating banks are located some 25 miles apart and
appear to operate in separate and distinct service areas. Little, if
any, existing competition would be eliminated by the consolidation
which would provide increased capital and resources to meet the
needs of the respective growing communities, to meet the competition of larger city banks for the business of local industry, and to
expand services to the community.

Banking offices
Name of bank and type of transaction

The Commercial Trust and Savings Bank, Lynchburg, Va.,
with___
_
_
__
and the Lynchburg National Bank and Trust Company,
Lynchburg, Va. (1522), which had
_
merged Oct. 13, 1961, under charter and title of the latter
bank (1522). The merged bank at date of merger had__

Total assets

In operation

$2,092,088

1

43,708,949

To be
operated

8

45,590,245

9

Summary of Report by Attorney General
The Lynchburg National Bank and Trust Company, Lyncbburg,
Virginia, proposes to acquire by merger the Commercial Trust and
Savings Bank, of the same city.
The proposed merger would eliminate from competition a small but
apparently sound bank, reduce from four to three the number of
banks competing in the Lynchburg area, and further increase the
size of the largest bank, thus creating a tendency toward monopoly
banking in the area.



70

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
There were four banks in Lynchburg having total assets respectively
of $43.7 million, $34.4 million, $30.9 million, and $2.7 million. This
was a merger of the largest and the smallest. As may be seen from
the respective sizes, the merging bank was not an effective factor in
competition in Lynchburg. It had been in existence since 1919, but
its policies over the years had been nonaggressive, with the bulk of
its business confined to savings deposits and installment loans. Its
management situation dictated either merger or liquidation, and only
the Lynchburg National Bank and Trust Company evidenced an
interest in merger. Under the circumstances, there would be no
adverse effect upon competition, but the customers and shareholders
of The Commercial Trust and Savings Bank would be benefited.

Banking offices
Name of bank and type of transaction

The First National Bank of Marion, N.C. (6095), with_.
and First Union National Bank of North Carolina, Charlotte, N.C. (9164), which had
merged Oct. 13,1961, under charter and title of the latter
bank (9164). The merged bank at date of merger had

Total assets

In operation

$7,532,618

1

212, 854,970

To be
operated

35

219,211,417

36

Summary of Report by Attorney General
First Union National Bank is the fourth largest bank in North
Carolina with deposits of $167,627,000, net loans and discounts of
$85,794,000, and total assets of $187,319,000. It operates 32 banking
offices, most of which are located in the Western and Piedmont sections
of North Carolina. Beginning with the merger of the Union National
Bank of Charlotte and the First National Bank of Asheville in July
1958, the growth of First Union has been largely through merger.
First National Bank of Marion has one banking office, deposits of
$5,915,000, loans and discounts of $2,912,000, and total assets of
$6,724,000.
In our view, the merger would have the following effects on
competition:
1. In the area now served by the First National Bank of Marion
it would eliminate one of two independent banks now located in
the county and place the second independent bank at a serious
competitive disadvantage;
2. In the larger area served by First Union it would have little
immediate effect. Nevertheless, we feel that this merger should
be viewed as part of a pattern of mergers which taken in its
entirety has already had and will have further significant adverse
effects on banking competition in the State of North Carolina.
For these reasons we feel that the effects on competition of this
merger would be adverse.



71

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
Marion is located in the western part of the State, in an area whose
principal industries are lumbering, wood products, and the manufacturing of hosiery and textiles. It is a steadily growing industrial
area whose credit needs will continue to expand. The Marion bank
had a lending limit of $65,000, while the resulting bank will have a
limit of $1,500,000. The resulting bank will therefore be in a better
position to meet the needs of the Marion trade area. The proposed
transaction will not materially change the relative standing of the
First Union National Bank of North Carolina nor materially enhance
its size. Since the two banks are 85 miles apart, it would appear that
there was little direct competition between them.

Banking offices
Name of bank and type of transaction

Total assets

Bank of Florence, Florence, S.C., with
and The Citizens and Southern National Bank of South
Carolina, Charleston, S.C. (14425), which had
merged Oct. 14, 1961, under charter and title of the latter
bank (14425). The merged bank at date of merger had

$3,803,982

2

143,277,237

19

In operation

147*081,219

To be
operated

21

Summary oj Report by Attorney General
Citizens and Southern National Bank operates 19 banking offices,
located throughout the State of South Carolina. It has total deposits
$117,793,000, loan and discounts of $64,324,000, and total assets of
$131,449,000. The Bank of Florence operates two offices in Florence.
It has total deposits of $3,108,000, net loans and discounts of
$1,737,000, and total assets of $3,596,000.
In our view the merger would eliminate a strong, locally owned,
independent bank with a good record of service to the small businessmen and small farmers of the community. It might also place the
remaining independent bank in Florence in a disadvantageous competitive position. For these reasons, the effect on competition would
be adverse.
Basis jor Comptroller's Approval
Charleston, with a population of 76,000, is an established port city
with diversified manufacturing and distribution facilities and military
installations. In addition to being the home office of the continuing
bank, it is also served by the South Carolina National Bank and The
First National Bank of South Carolina.
Florence has a population of 25,000 and, while the local economy is
dominated by tobacco and cotton, there is some lumber and manufacturing carried on. The merger will bring to the Florence bank the
depth of management which it has been unable to achieve or afford,
and will ^broaden the base of operation of the continuing bank and
expand its services and facilities to an area which presently has the
services of only one major bank. The merger will not change the



72

REPORT OF THE COMPTROLLER OF THE CURRENCY.

relative standing in the State of the continuing bank nor materially
enhance its size.

Banking offices
Name of bank and type of transaction

Total assets

First National Bank of Collingswood, N J . (11607), with
and Haddonfleld National Bank, Haddonfield, N J .
(14457) which had..._
consolidated Oct. 20, 1961, under charter and title of the
latter bank (14457). The consolidated bank at date of
consolidation had

$10,487,050

In operation

To be
operated

28,204,778
38,691,834

Summary of Report by Attorney General
The combined banks would have 8.9 percent of the deposits and
6.4 percent of the loan resources in the relevant area. Although this
would place it well ahead of six other local banks, it would be well below
the comparable resources of the two large Camden banks. Presently,
the two banks offer services which are largely complementary, rather
than competitive and it appears that the resulting bank will be better
equipped to service its customers.
It would thus appear that, although a certain amount of competition
will be eliminated as a result of the consolidation, significant competition in the area will continue to exist. The consolidation would
not appear to have a substantial adverse effect on competition, nor
would it tend to contribute towards monopoly in the relevant area.
Basis for Comptroller's Approval
The consolidation of these two comparatively small banks located
about 3 miles apart, but within a very short distance of Camden, N.J.,
and Philadelphia, Pa., would have no appreciable effect upon competition, but would supply a larger credit potential and improved
services to the customers of the Collingswood Bank.

Banking offices
Name of bank and type of transaction

The Oxford National Bank, Oxford, Ohio (6059), with
was purchased Oct. 20,1961, by The First National Bank
and Trust Company of Hamilton, Ohio (56), which had..
After the purchase was effected the receiving bank had

Total assets

In operation

$4,796,000

1

43,974,000
48,770,000

4

To be
operated

5

Summary oj Report by Attorney General
The First National Bank and Trust Company of Hamilton, Hamilton, Ohio, proposes to purchase the assets and to assume the liabilities
of the Oxford National Bank, Oxford, Ohio.



73

REPORT OF THE COMPTROLLER OF THE CURRENCY

The proposed merger would eliminate a degree of competition
between the merging institutions, create a tendency toward further
mergers in the Oxford area of Ohio, and it would further increase the
size of the largest bank in Hamilton, thus creating a tendency toward
monopoly banking there. Thus, the effect on competition would
be adverse.
Basis for Comptroller's Approval
The effect of this transaction would be to provide Oxford, Ohio,
with a greater variety and more adequate banking services. Additionally, the Hamilton bank with its much larger size would be able
to undertake a badly needed building program which would have
been difficult for the Oxford Bank. It would also eliminate a possible
problem of management succession.
Hamilton, Ohio, and Oxford, Ohio, are 14 miles apart, and this
acquisition would have no significant effect upon competition.

Banking offices
Name of bank and type of transaction

The Harrisburg Trust Company, Harrisburg, Pa., with
and The Harrisburg National Bank, Harrisburg, Pa. (580),
which had
consolidated Oct. 27,1961, under charter of the latter bank
(580), and under the title "The Harrisburg National
Bank and Trust Company." The consolidated bank at
date of consolidation had

Total assets

In operation

$41,154,906

3

56,267,682

To be
operated

5

97,103,031

7

Summary of Report by Attorney General
The Harrisburg Trust Company, Harrisburg, Pennsylvania, proposes to consolidate with The Harrisburg National Bank, Harrisburg,
Pennsylvania, under the charter of The Harrisburg National Bank
with the title The Harrisburg National Bank and Trust Company.
Since there is far-reaching identity of the shareholders, directors,
and general officers of both banks, they cannot be considered to be
truly competitive with each other. A consolidation of the two banks
would only formalize a union which has existed for many years.
The resulting bank would remain the second largest banking institution in the area with a control of approximately one-fifth of its
deposits and loans.
Basis for Comptroller's Approval
Because of the common ownership, officers, and directors, the
consolidation would accomplish formally that which already exists
in fact. The consolidation would have no effect upon competition.




74

REPORT OF THE COMPTROLLER OF THE CURRENCY
*

*

*

*

*

*

*

Banking offices
Name of bank and type of transaction

The Central National Bank and Trust Company of Peoria,
111. (3214), with
_
_
_
and Commercial National Bank of Peoria, 111. (3296),
which had
_
consolidated Oct. 27, 1961, under charter and title of the
latter bank (3296). The consolidated bank at date of
consolidation had
_

Total assets

In operation

$37,659,233

1

87,430,967

To be
operated

1

125,090,200

1

Summary of Report by Attorney General
The largest and fourth largest commercial banks in Peoria, Illinois
seek approval to merge. If approval is granted, Commercial National
Bank of Peoria, Illinois (Commercial), would be merged with Central
National Bank and Trust Company of Peoria, Illinois (Central).
Their consolidation would create serious adverse competitive consequences in the Peoria Metropolitan Area.
The three leading banks in the service area account for approximately 50 percent of total IPC deposits and loans and 63.5 percent
of demand IPC deposits. The remainder is shared by 26 other
banks. Commercial ranks first with 24.5 percent of demand IPC
deposits, 24.1 percent of total IPC deposits and 25.9 percent of total
loans. Central ranks fourth with 11.5 percent of demand IPC
deposits, 10.7 percent of total deposits and 11.4 percent of total
loans. As a result of the merger, the three leading banks will account
for more than 60 percent of total IPC deposits and loans. Hence,
there would be a substantial increase in concentration of deposits
and loans in the hands of the three leading banks.
Commercial and Central are substantial competitors for the following banking services:
(1) Demand IPC deposits.
(2) Total IPC deposits.
(3) Total loans.
(4) Commercial and industrial loans.
(5) Personal and corporate trust business.
Hence, substantial competition would be eliminated between the
merging banks.
Central, as fourth largest commercial bank prior to the merger,
would be eliminated as a check force to further concentration in the
hands of the three largest banks.
In addition, the combined institution would appear to have a substantial competitive advantage over its much smaller competitors.
Basis for Comptroller's Approval
Peoria is located midway between Chicago and St. Louis on the
Inland Waterway System, in the heart of the Illinois farm belt.
The city has a population of 103,000 and serves a primary trade



75

REPORT OF THE COMPTROLLER OF THE CURRENCY

area of 16 counties in central Illinois with a population of 718,000.
It is a major distribution center in the Midwest and the location of
many national corporations.
The consolidated unit will have a lending limit approaching $1
million. This increased limit is necessary in order to serve the
organizations located in the community. Heretofore, large money
transactions have sought the larger money centers such as Cleveland,
Chicago, St. Louis, Detroit, and Kansas City. The growth of the
area has outpaced the capacity of local banking institutions, and
since there is no branch banking allowed in Illinois, it is extremely
improbable that any of the local institutions would ever be able to
meet the needs of the industrial community through growth alone.
Direct competition between the two consolidating banks will be
eliminated. However, it is not felt that this will adversely affect
competition in the primary service area. The consolidated unit will
compete for business which was already beyond the capacity of banking institutions in the area. Thus, the primary effect of the consolidation will be a stimulation of competition with out of city banks and
the return of local business to a local bank.
There is exceedingly aggressive competition in the primary service
area of the consolidated unit from savings and loan associations and
29 other banks in the 2 counties surrounding Peoria. In addition,
the consolidated bank will face strong, active competition from
larger banks in Chicago and St. Louis.

Banking offices
Name of bank and type of transaction

The Citizens Banking and Savings Company, Conneaut,
Ohio, with
and The Farmers National Bank and Trust Company of
Ashtabula, Ohio (975), which had
consolidated Oct. 27, 1961, under charter and title of the
latter bank (975). The consolidated bank at date of
consolidation had

Total assets

In operation

To be
operated

$8,746,945
23,994,523
32,741,476

Summary of Report by Attorney General
The Farmers National Bank and Trust Company and The Citizens
Banking and Savings Company, the two leading banks in Ashtabula
County, * propose to consolidate and establish the leading bank in the
combined service area with control over 34.72 percent of total "IPC"
deposits and 37.99 percent of loans. Eight of the nine smaller competitors combined would control less than 45 percent of total "IPC"
deposits and less than 42 percent of loans and none of the eight individually would have more than 10 percent in either category.
The consolidations, if approved, would eliminate another independent bank, increase to a greater degree the concentration of banking
resources, and provide the resulting bank with competitive advantages
not easily available to the remaining rivals. This may eventually
*The Citizens Banking and Savings Company is the largest bank in Conneaut, but is not the second
largest bank in Ashtabula County.




76

REPORT OF THE COMPTROLLER OF THE CURRENCY

lead to additional mergers and a further concentration of banking
power in the area. It is the view of the Department of Justice,
therefore, that the consolidation of the two largest banks in Ashtabula
County would have adverse effects on present and potential competition in the general banking area.
Basis for Comptroller's Approval
The largest bank in Ashtabula County, Ohio, proposes to consolidate
with a smaller bank in a town 14 miles distant.
The area is presently depressed, but has experienced considerable
industrial development in the past 10 years and efforts are being made
to correct the present situation. Prospects for recovery and extensive
further development appear assured because of the effect of the completion of the St. Lawrence Seaway and highway developments now
underway. It is urged that a larger bank with a greater credit potential and expanded services is needed to assist in the recovery and
serve the economic expansion to follow. The proposed transaction
will serve to meet the described situation.
This consolidation will result in improved management in the
consolidated bank with adequate provision for the future.
The resulting bank will continue to be the largest bank in the area.
However, the resulting bank will be in a position to compete more
effectively with larger banks from other financial centers which are
now actively soliciting business in the area. Therefore, the overall
effect on competition will not be unfavorable.
Banking offices
Name of bank and type of transaction

Security State Bank and Trust Company of Beaumont,
Texas, with
and The First National Bank of Beaumont, Texas (4017),
which had
consolidated Oct. 28,1961, under charter of the latter bank
(4017), and title "First Security National Bank of Beaumont." The consolidated bank at date of consolidation had

Total assets

In operation

$18,343,808

1

68,213,017

To be
operated

1

86,556,825

1

Summary of Report by Attorney General
First National is presently one of the two major banks in Beaumont,
Texas. Security Bank is the third largest bank in Beaumont. The
remaining banks are either under the control of one of the major banks
or are so small as to lack substantial competitive significance.
Security Bank has not been a very active competitor, largely
because it has been in a position to rely on revenues from its oil
properties. Since these have recently been drastically reduced, the
bank may soon be expected to make efforts to realize the potential of
its resources and thus greatly expand its lending activities.




77

REPORT OF THE COMPTROLLER OF THE CURRENCY

Thus the consolidation will result not only in the elimination of
competition between Security and First National and the virtual
concentration of commercial banking facilities in Beaumont in two
institutions, but it will also eliminate Security just at the time it
could have been expected to offer much greater competition to the
two major banks. For these reasons, the consolidation will have an
adverse effect upon competition.
Basis for Comptroller's Approval
Beaumont is a major port of the Gulf Coast. It is also in the heart
of the United States' rice growing area, and is an important refining
center. It has experienced a rather dynamic industrial and population growth during the past 10 years, and future prospects of the area
are considered excellent. It is urged that a larger bank with greater
credit potential is needed to assist in the development of the area and
to meet the needs of the economic expansion.
The consolidated bank will have competent management and im-.
proved future earnings prospects.
After the consolidation there will remain in Beaumont two large
banks, their affiliates, and two small unit banks. The two large
banks have been and will remain the aggressive competitors for the
banking business in Beaumont. The Security State Bank has not
been an aggressive competitor, and there was no reason to expect it to
become one.
In view of the above it was concluded that this consolidation would
be in the public interest.

Banking offices
Name of bank and type of transaction

The Conneaut Banking and Trust Company, Conneaut,
Ohio, with
and "The Northeastern Ohio National Bank of Ashtabula,
Ohio," Ashtabula, Ohio (5075), which had
merged Oct. 31, 1961, under charter of the latter bank
(5075), and title "The Northeastern Ohio National Bank
of Ashtabula." The merged bank at date of merger had.

Total assets

In operation

$8,432,365

1

20,214,588

To be
operated

4

28,671,953

5

Summary of Report by Attorney General
The resulting bank would as a result of this merger become the
largest bank in the service area. The resulting bank and the second
largest bank would dominate the entire banking area. If the second
largest bank were to merge with the third largest as it presently intends, that combined institution and the resulting bank then would
have virtually 90 percent of all IPC demand deposits, time deposits,
and total loans in the service area of the resulting bank.
Thus, this merger would probably have an adverse effect upon
competition in the service area of the resulting bank, as well as creating
a tendency toward monopoly.
644637—62

6




78

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
Ashtabula is located in northeastern Ohio, 55 miles east of Cleveland
and 15 miles west of the Pennsylvania border. Conneaut, a similar
industrial community, is located 14 miles east of Ashtabula.
For a number of reasons The Conneaut Banking and Trust Company had been unable to keep pace with its local competition, it had
a poor earnings record, and its management had been decimated by
deaths. The merger will bring to the Conneaut bank's customers a
greater lending limit, larger resources, and will solve possible management-succession difficulties.
The direct competition between the two institutions was minimal
and the competitive banking situation in the Ashtabula-Conneaut
area will not change appreciably. This merger will also afford the
resulting bank a better opportunity to compete with the larger
Cleveland and Pittsburgh banks which are also active in the service
area.
Banking offices
Name of bank and type of transaction

Total assets

The Merchants Trust Company of Red Bank, N.J., with
and Asbury Park-Manasquan National Bank, Asbury
Park, N J . (13363), which had
_
consolidated Oct. 31,1961, under charter of the latter bank
(13363), and title "First Merchants National Bank,
Asbury Park." The consolidated bank at date of consolidation had

$29,952,056

3

47,367,320

4

In operation

77,319,377

To be
operated

7

Summary of Report by Attorney General
The Asbury Park-Manasquan National Bank, with head office in
Asbury Park, New Jersey, operates four offices in southeastern Monmouth County, New Jersey. It has total deposits of $41,510,000,
net loans and discounts of $24,270,000, and total assets of $45,194,000.
The Merchants Trust Company of Red Bank operates three offices in
northeastern Monmouth County. It has total deposits of $25,241,000,
net loans and discounts of $11,795,000, and total assets of $27,615,000.
The present merger is part of a wave of merger activity currently
taking place in Monmouth County. It would advance the resulting
bank to second place in the county and create a precedent under which
all pending or contemplated mergers discussed in the application would
be approved. The end result of these mergers would be a situation in
which three large banks controlled over 77% of deposits and over
79% of loans in the area of Monmouth County east of the Garden
State Parkway. These same three banks would be dominant in the
county as a whole. Their dominance would place the smaller independent banks at a competitive disadvantage and would probably
lead to further mergers, severely limiting the alternatives open to
banking customers.
It is the view of the Department of Justice, therefore, that the proposed merger, if consummated, would adversely affect competition



79

REPORT OF THE COMPTROLLER OF THE CURRENCY

both in the joint service area of the merging banks, and in Monmouth
County generally.
Basis for Comptroller's Approval
Asbury Park with a population of 19,000 is a beach resort and commercial center. Red Bank is located 10 miles from Asbury Park and
40 miles from New York City, and is primarily a residential community with a population of approximately 12,500. In and around
Red Bank are numerous light industries, some heavy industrial plants,
and Fort Monmouth which employs a large number of professional
and technical personnel.
Monmouth County has 17 commercial banks and the resulting bank
will be the largest in the county. However, it will not be substantially
larger than its two nearest competitors. Since the service areas of
the consolidating banks are separate and distinct, there is little competition between them. The resulting bank will encounter strong
competition from the remaining banks in the area and competition
in the Asbury-Red Bank area will be intensified.
The banking factors were favorable.

Banking offices
Name of bank and type of transaction

County Trust Company of Maryland, Glen Burnie, Md.,
with
and Baltimore National Bank, Baltimore, Md. (13745),
which had
consolidated Nov. 3, 1961, under charter and title of the
latter bank (13745). The consolidated bank at date of
consolidation had __
_

Total assets

In operation

$106,882,907

27

439,807,006

To be
operated

34

540,625,512

61

Summary of Report by Attorney General
Baltimore National Bank is the largest bank in Maryland. It
has deposits of $381,967,000, net loans and discounts of $182,581,000,
and total assets of $434,696,000. It operates 34 banking offices,
most of which are located in Metropolitan Baltimore and Baltimore
County. Its growth over the past ten years has been primarily through
merger. County Trust Company is one of the largest banks in Maryland headquartered outside of Baltimore. With 27 banking offices,
deposits of $88,494,000, loans and discounts of $55,124,000 and total
assets of $97,766,000, it is the dominant bank in the Southern Maryland-Eastern Shore area which it serves. Although it has participated in two mergers in the past ten years, its growth has been largely
internal. The proposed merger appears to be the first attempt by a
large Baltimore bank to enter the CTC service area through merger.
In our view, the merger would have the following effects on competition: (1) In the joint service area of the two banks it would substantially increase banking concentration, eliminate a strong independent factor in competition, and adversely affect small and medium


80

REPORT OF THE COMPTROLLER OF THE CURRENCY

size business both by transferring control of CTC's resources to the
management of BNB and by opening the door to a series of mergers
which would even more significantly reduce the alternatives available
to banking customers; (2) In the present BNB service area, it would
lessen competition for joint loans to large customers, eliminate
competition for the correspondent business of CTC, and eliminate
potential competition between BNB and metropolitan area branches
of CTC; (3) In the present CTC service area, it would eliminate
actual and potential competition between BNB and CTC and encourage a merger trend which would ultimately increase banking
concentration by eliminating many of the smaller independent banks
now operating in the area.
It is our view that these adverse effects on competition are particularly significant in view of the dollar amount of business involved
and the precedent which this merger may set for further development
of banking in the State of Maryland.
Basis for Comptroller's Approval
Baltimore is the seventh largest city in the United States and is a
major industrial and port city. Baltimore National Bank is the
largest bank in Baltimore, having 33 branches, all but one of which
are located in Baltimore and Baltimore County. County Trust
Company is a much smaller bank operating primarily in southern
Maryland and on the Eastern Shore. It has 26 branches, none of
which is in Baltimore County.
Southern Maryland and the Eastern Shore have changed substantially in characteristics in recent years. While both have been
agricultural areas, the proximity of southern Maryland to the metropolitan areas of Baltimore and Washington is causing it to undergo
many changes and it is becoming a suburban area with a rapidly
increasing population. The Eastern Shore remains primarily agricultural, but with the opening of the Chesapeake Bay Bridge there
began industrial development which continues and which will be
further stimulated upon the construction of the Lower Chesapeake
Bay Crossing now under construction. Diversified manufacturing
industry is growing in the area formerly concerned largely with
agriculture, seafood harvesting, dairying, the broiler industry, and
canning and feed mill operations.
The effect of the proposed merger will be to provide an enlarged
credit potential and expanded services to the growing southern
Maryland and Eastern Shore areas. It would permit the Baltimore
National Bank to expand into areas not now served by it. This is
a normal method of growth in banking in States which permit branch
banking.
Except to the extent that County Trust Company is large enough
to compete for some regional business, there was no substantial competition between these two banks. While Glen Burnie in which is
located the main office of County Trust Company is only 9 miles
south of Baltimore, it is a separate community in Anne Arundel
County. All the branches of County Trust Company are to the
south and west. All of the offices of Baltimore National Bank are



81

REPORT OF THE COMPTROLLER OF THE CURRENCY

in Baltimore County with the exception of one office at Friendship
Airport in Anne Arundel County. Accordingly, there is no significant
overlap of service areas for local business. This merger would result
in little, if any, adverse effect upon competition.

Banking offices
Name of bank and type of transaction

The Merchants National Bank of West Virginia at Clarksburg, W. Va. (1530), with
__._
was purchased Nov. 4, 1961, by The Union National
Bank of Clarksburg, W. Va. (7681), which had.._
After the purchase was effected the receiving bank had

Total assets

In operation

$7,209,247

1

31,839,000
38,246,000

To be
operated

1

1

Summary of Report by Attorney General
The largest of five banks in the Clarksburg area proposes to acquire
the fourth largest bank in that area. The merger would eliminate
a substantial amount of competition between the two banks, eliminate
a factor, although not an aggressive one, in competition and strengthen
the position of the largest bank in relation to the remaining competitors.
However, the application indicates that the merging bank may
not long remain in competition if it does not merge with the charter
bank. While the effect on competition of the merger would be adverse, it would not appear to be substantially so if the only solution
to the problems of the merging bank is in the form of the proposed
merger.
Basis for Comptroller's Approval
The city of Clarksburg has been designated as a distressed area
and its population has been steadily declining. The selling bank's
principal officer and stockholder desired to retire and had made no
arrangement for management succession. He proposed to sell the
bank's assets and to liquidate it. Therefore, there would appear
to be little actual reduction of competition as a result of the purchase.

Banking offices
Name of bank and type of transaction

The Danville Bank, Danville, Ohio, with
was purchased Nov. 10, 1961, by The First-Knox National
Bank of Mount Vernon, Ohio (7638), which had
After the purchase was effected the receiving bank had




Total assets

In operation

$2,513,407

1

18,789,475
21,302,882

3

To be
operated

4

82

REPORT OF THE COMPTROLLER OF THE CURRENCY

Summary of Report by Attorney General
The acquisition of this small bank by First-Knox would not appear
to offend substantially the competitive situation in the respective
service areas of these banks; further, there would not appear to be
any tendency toward monopoly.
Basis for Comptroller's Approval
The First-Knox National Bank will bring to the customers of the
selling bank and to the community an expanded credit potential and
improved service. It will offer trust services, specialized checking
accounts, securities transactions, and savings club accounts, which
are not presently being offered by the selling bank or its local competitor.

Banking offices
Name of bank and type of transaction

The Chatham Bank, Siler City, N.C., with__
_
and the First Union National Bank of North Carolina,
Charlotte, N.C. (9164), which had
_..
merged Nov. 10,1961, under charter and title of the latter
bank (9164).
The merged bank at date of merger had

Total assets

In operation

$13,674,564

3

216,023,703

To be
operated

37

227,118,096

40

Summary of Report by Attorney General
First Union National Bank is the fourth largest bank in North
Carolina, with deposits of $167,627,000, net loans and discounts of
$85,794,000, and total assets of $187,319,000. It operates 33 offices,
most of which are located in the western and Piedmont sections of
North Carolina. As of July 18, 1958, it had total loans of $27,455,000
and total deposits of $61,082,000; as of June 19, 1961, it had net loans
and discounts of $85,794,000 and total deposits of $167,627,000. This
growth has been primarily due to merger and does not include a proposed merger with First National Bank of Marion, North Carolina,
application for which, dated June 26, 1961, has been filed.
The proposed merger represents a continuation of a statewide trend
towards centralization of banking facilities in North Carolina. It will
eliminate one more successful independent bank in that State and signal still further centralization as each of the dominant banks seeks
to retain its position. For these reasons, it is felt that the merger
would have adverse effects on competition.
Basis for Comptroller's Approval
Siler City is located in the Piedmont section and its economy is
balanced between industry and agriculture. There has been a steady
industrial expansion in this area, which will continue. The Siler City
bank had a lending limit of $75,000, while the continuing bank would



83

REPORT OF THE COMPTROLLER OF THE CURRENCY

have a limit of $1,600,000 and be in a better position to meet the needs
of the Siler City area.
Since the main offices of the merging banks are 95 miles apart, there
was little direct competition. At present, the merging bank in Siler
City is the only banking association there. However, The Planters
National Bank and Trust Company of Rocky Mount recently received
approval to establish a branch there. There appeared to be no adverse effect on competition in either banking area as a result of the
merger.

Banking offices
Name of bank and type of transaction

Total assets

First National Bank in Highland Falls, N.Y. (13567), w i t h . . .
and the First National Bank of Poughkeepsie, N.Y. (465),
which had
_
merged Nov. 10,1961, under charter and title of the latter
bank (465). The merged bank at date of merger had

In operation

$16,122,791

1

65,959,333

To be
operated

3

81,701,802

4

Summary of Report by Attorney General
The Marine Midland Corporation, one of the largest bank holding
companies in the United States, has recently acquired the stock of the
charter bank, the largest of four commercial banks in its primary
service area.
Now that a strong foothold has been established in the Hudson
River Valley, the Marine Midland Corporation, in accordance with the
pattern set in other parts of New York State, has apparently made the
first move to acquire banks in surrounding counties and service areas.
The application for approval to merge shows the relative size of the
charter and merging banks as follows:
Charter bank

Total deposits
Loans and discounts

Merging bank

$61, 728, 000
29,118, 000

$10, 816, 000
7, 049, 000

Because of the limited need for banking facilities in the service area
of the merging bank, one bank has been sufficient to service the area
and no other banks have chosen therefore to start therein. The
merging bank as a result has obtained a monopoly of banking in its
area.
If the merger is permitted, a Marine Midland bank will take over
that monopoly.
There is no evidence in the application for leave to merge indicating
that the present bank has been unable to meet any loan requests or
other banking facilities required by customers of the bank.
As previously stated, the charter bank already dominates commercial banking in its service area, being larger than all of its competitors
combined and backed by a large bank holding company. In the
combined service areas of the merging banks, the merging bank ranks



84

REPORT OF THE COMPTROLLER OF THE CURRENCY

fourth in size in deposits and third in size in loans. After the merger,
the charter bank will have 61.9 percent of deposits and 58 percent of
loans in the combined service area. Thus, the already dominant position of the charter bank will be materially strengthened by the merger
and its much smaller competitors will be at an even more competitive
disadvantage.
It appears that the proposed merger will have a substantial adverse
effect on competition and will tend toward and result in the maintenance of monopoly in the service area involved.
Basis for Comptroller's Approval
Poughkeepsie is the county seat of Dutchess County, with a
population of 38,000, serving a trade area of 45,000.
Highland Falls, located in Orange County, is 35 miles from Poughkeepsie, has a population of 4,000 and serves a trade area of 9,000.
The community is bounded on the east by the Hudson River, on the
south by Bear Mountain, and on the north and west by the United
States Military Academy at West Point. It is the only bank servicing
this area and had specialized in servicing the military personnel stationed at the Academy and elsewhere. The bank's limited resources
have restricted its lending ability.
The First National Bank of Poughkeepsie is an affiliate of the
Marine Midland Corporation and is the largest bank in its service
area. Since the Highland Falls bank is the only bank in its area, the
merger would have no effect on competition in that area, and because
of its remoteness from Poughkeepsie, it would appear to have no
effect in the Poughkeepsie area. The continuing institution will produce a more ample credit potential, expanded services, and management depth to the Highland Falls area.

Banking offices
Name of bank and type of transaction

Total assets

In operation

The First National Bank of Everett, Wash. (4686), with
$74,071,412
and Seattle-First National Bank, Seattle, Wash. (11280),
which had__
_
1,099,893,284
merged Nov. 16,1961, under charter and title of the latter
bank (11280) The merged bank at date of merger had._ 1,174,228,944

To be
operated

8
89
97

Summary of Report by Attorney General
Inasmuch as the nearest office of one of the banks to an office of
the other appears to be approximately 8 miles, competition between
First National Bank of Everett, with 8 offices and assets of approximately $71,146,000, and Seattle-First National Bank, with 90 offices
and assets of approximately $1,062,620,000, may not be intense.
Further, because of a correspondent banking relationship between
the two banks and interlocking directorships existing over the years,



REPORT OF THE COMPTROLLER OF THE CURRENCY

85

Seattle-First has not established a branch in Everett or its immediate
vicinity. Nevertheless, Seattle-First has three branches within the
service area of First Everett as the result of an acquisition in 1956,
and First Everett has a branch in Lynwood, approximately ten miles
from two branches and a third proposed branch of Seattle-First
(although designated as not within the same service area), and some
competition, more potential than actual, does exist between the two
banks.
However, the dominant position of Seattle-First in commercial
banking in Seattle and throughout the State of Washington appears
to have more significance as a competitive factor in the proposed
merger. With 90 commercial banking locations out of the State's total
of 383 and with three additional offices authorized and an application
pending for a fourth, Seattle-First is by far the largest and the dominant bank in the state. Its deposits and loans each exceed one-third
of the totals of all commercial banks in Washington. As of December
31, 1960, it was 24th in size in the nation, and as of June 30, 1956
it had 49.14 percent of the total assets of Seattle commercial banks.
During the period from 1950 to March 1960 it acquired 16 banking
organizations by merger or consolidation, with assets ranging from
$2,000,000 to $16,000,000. The proposed acquisition would increase
its size by approximately $71,000,000, or slightly more than 2 percent
of the State's totals of deposits and loans.
The First National Bank of Everett is by far the leading bank in
Everett and vicinity, with about 44% of the IPC deposits and
about 53% of the loans among commercial banks in that area.
Real competition does not exist between First Everett and Everett
Trust and Savings Bank, the second largest bank in Everett, due to
common ownership and interlocking directorships. The principal
competition to First Everett is from branches of offices of two much
larger banks. If the merger is approved Everett Trust is expected
to become independent and a new substantial factor in competition.
The proposed merger considered in relation to past acquisitions of
Seattle-First, is a substantial step in the tendency to monopoly which
is apparent in Seattle and throughout the State of Washington.
Basis for Comptroller's Approval
By this merger Seattle-First National Bank would acquire for the
first time branches in Everett, Wash., located 29 miles north of
Seattle. Seattle-First National Bank is the largest bank in Washington, a State which permits statewide branch banking. This
merger will make available to Everett the banking services which can
be furnished by this very large bank.
The entry into Everett of this large bank will not adversely affect
competition in that community, for there are in operation there a
branch of the National Bank of Washington of Tacoma, Wash., and
a branch of Peoples National Bank of Washington in Seattle, both of
which are also large banks. There is also in operation there Everett
Trust & Savings Bank which has been an affiliate of Everett National
Bank, but which will not be affiliated with Seattle-First National
Bank,



86

REPORT OF THE COMPTROLLER OF THE CURRENCY

This merger will have no effect upon competition in Seattle, and
will not tend toward monopoly in the State of Washington, since by
this merger Seattle-First National Bank will not move measurably
closer to the monopoly power of being able to raise prices or to exclude
competition.

Banking offices
Name of bank and type of transaction

Hampden National Bank and Trust Company of Westfleld,
Mass. (1367), with
and The Third National Bank and Trust Company of
Springfield, Mass. (308), which had
consolidated Nov. 17,1961, under the charter of the latter
bank (308), and title "Third National Bank of Hampden
County." The consolidated bank at date of consolidation had___
_

Total assets

In operation

$12,507,582

1

111,420,394

To be
operated

9

123,927,976

10

Summary of Report by Attorney General
The Third National Bank and Trust Company of Springfield,
Springfield, Massachusetts, proposes to consolidate with the Hampden
National Bank and Trust Company of Westfield, Westfield, Massachusetts, under the charter of The Third National Bank and with the
title "Third National Bank of Hampden County."
The proposed consolidation would eliminate vigorous competition
between the two banks, further the existing tendency toward banking
concentration in the Westfield and Springfield areas, create a tendency
toward monopoly in the Westfield area, and eliminate the last
independent bank in Westfield. Thus the effect on competition by
the proposed consolidation would be strongly adverse.
Basis for Comptroller's Approval
Westfield, Mass., with a population of 26,000, is located about 12
miles west of Springfield. It has diversified manufacturing industry,
and also serves as a residential suburb for surrounding industrial
cities, particularly Springfield and Holyoke. The entry of the Third
National Bank & Trust Company of Springfield into Westfield will
bring expanded banking services to the customers of the Hampden
National Bank and will enable Third National Bank & Trust Company to acquire an office in Westfield to compete with the branch
there of Valley Bank & Trust Company, its largest competitor in the
Springfield area.




REPORT OF THE COMPTROLLER OF THE CURRENCY
*

*

*

*

*

*

87

*
Banking offices

Name of bank and type of transaction

Total assets

Walla Walla National Bank, Walla Walla, Wash. (14852),
with
was purchased Nov. 24, 1961, by Old National Bank of
Spokane, Wash. (4668), which had
After the purchase was effected the receiving bank had

$1,699,010

1

157,094,000
158,447,000

26

In operation

To be
operated

27

Summary oj Report by Attorney General
The proposed acquisition herein probably would not adversely
affect the competition situation in the service area of both banks but,
on the contrary, would probably provide increased competition
particularly in the service area of the selling bank.
Basis for Comptroller's Approval
The selling bank was chartered in 1959 and has not been successful
in attracting sufficient deposits and loans to enable it to operate at a
profit. Due to the fact that the nearest branch of the purchasing
bank is 57 miles from Walla Walla, little direct competition existed
between the two banks. The acquisition would have little effect on
the competitive position of the purchasing bank and will probably
increase competition in the service area of the selling bank.

Banking offices
Name of bank and type of transaction

The First National Bank of St. Johnsbury, Vt. (489), with..__
and The Howard National Bank arid Trust Company
of Burlington, Vt. (1698), which had
_
merged Nov. 30, 1961, under charter and title of the latter
bank (1698). The merged bank at date of merger had

Total assets

In operation

$3,311,779

1

41,133, 829

To be
operated

6

44, 288,409

7

Summary oj Report by Attorney General
The acquisition by the largest bank in Burlington, Vermont, of the
relatively small bank in St. Johnsbury, Vermont, would not appear to
eliminate any appreciable competition between them. However, the
injection of a large bank into the St. Johnsbury area may tend toward
monopoly in banking in that area.




88

REPORT OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval
This was a merger of a small commercial bank in the northeast
section of Vermont into the second largest commercial bank in the
State. The banking factors were favorable and there would be no
adverse effect upon competition.

Banking offices
Name of bank and type of transaction

Milan State Bank, Milan, Mich., with
and National Bank and Trust Company, Ann Arbor,
Mich. (14933), which had
merged Dec. 2,1961, under charter and title of the latter bank
(14933). The merged bank at date of merger had

Total assets

In operation

$6,493,975

1

53, 411, 855

To be
operated

5
6

59,905,830

Summary oj Report by Attorney General
National Bank and Trust Company is the smaller of two banks in
Ann Arbor, Michigan. Milan State Bank is the only bank in Milan,
Michigan, which is 15 miles southeast of Ann Arbor. There is virtually no competition between the charter and merging banks, and
neither has previously been engaged in any merger or consolidation.
The proposed merger appears to be motivated primarily by management difficulties at Milan State Bank, rather than any competitive
advantages which might flow therefrom.
It does not appear that the proposed merger will have substantial
adverse effects on competition and it will provide to the community
a bank with a stronger financial structure, better management and
increased banking services.
Basis for Comptroller's Approval
The Milan State Bank had existing management difficulties. The
proposed merger would have no adverse effect on competition and
would provide to the Milan community a bank with a stronger
financial structure, better management, and increased banking
services.

Banking offices
Name of bank and type of transaction

The First National Bank of Hoisington, Hoisington, Kansas
(9232), with
was purchased Dec. 28,1961, by The First National Bank
in Hoisington, Hoisington, Kansas (14961), which had-_
After the purchase was effected the receiving bank had __




Total assets

In operation

$3,307,370

1

300,000
3,358,292

1

To be
operated

1

89

REPOET OF THE COMPTROLLER OF THE CURRENCY

Basis for Comptroller's Approval1
This transaction involved the chartering of a new national bank,
The First National Bank in Hoisington, Kans., for the express purpose of purchasing the assets and assuming the liabilities of The First
National Bank of Hoisington, Kans. The transaction was approved
in order to prevent the probable failure of The First National Bank
of Hoisington, Kans.

Banking offices
Name of bank and type of transaction

The Peoples National Bank and Trust Company Pemberton,
N J . (8129), with
and Mechanics National Bank of Burlington, N J . (1222),
which hadconsolidated Dec. 29, 1961, under charter and title of the
latter bank (1222). The consolidated bank at date of
consolidation had

Total assets

In operation

$9,629,465

2

20,536,070

To be
operated

4

30,165,534

6

Summary of Report by Attorney General
The Mechanics National Bank of Burlington, Burlington, New
Jersey, with total deposits of $16,790,000 and total net loans of
$10,632,000, and The Peoples National Bank & Trust Company of
Pemberton, Pemberton, New Jersey, with total deposits of $8,624,000,
and total net loans of $2,338,000, propose to merge. The two banks
are second and fifth, respectively, among the sixteen banks in Burlington County, and the resulting bank would be first, with about
$25,300,000 in deposits, equal to 21 percent of total county deposits.
The largest bank presently has $24,000,000 in deposits, equal to 20
percent of total county deposits. It is understood that two Philadelphia banks, operating branch offices in Bristol, Pennsylvania, across
the Delaware River from Burlington, are actively soliciting the larger
businesses and wealthier individuals in the Burlington area and have
been successful in obtaining loan and trust business. The resulting
bank proposes to expand its trust services to reduce the drain of business .from the area.
It appears that little competition would be eliminated by the proposed merger and that there would not be substantial lessening of
competition should the proposed merger be consummated.
Basis for Comptroller's Approval
Application has been made to consolidate the Mechanics National
Bank of Burlington, Burlington, N.J., and The Peoples National Bank
& Trust Company of Pemberton, Pemberton, N.J.
In acting upon such applications, the Comptroller is required by
section 18(c) of the Federal Deposit Insurance Act to consider the
i Because the probability of failure confronted The First National Bank of Hoisington no report wa<*
requested of or received from the Department of Justice on this transaction.




90

REPORT OF THE COMPTROLLER OF THE CURRENCY

financial history and condition of each of the banks involved, the
adequacy of its capital structure, its future earnings prospects, the
general character of its management, the convenience and needs of the
community to be served, whether or not its corporate powers are
consistent with the purposes of the Federal Deposit Insurance Act,
and the effect of the transaction on competition (including any tendency toward monopoly).
The Mechanics National Bank of Burlington Was chartered June 5,
1865, a conversion of The Mechanics Bank of Burlington. It operates
three branches and a small trust department. The deposits of the
bank were $18,767,237.93 as of October 2, 1961.
The Peoples National Bank & Trust Company of Pemberton, Pemberton, N.J., was chartered March 9, 1906. It operates one branch
and has one approved but unopened branch. The bank's deposits as
of August 21, 1961, were $8,941,102.99.
Burlington, N.J., has a population of about 15,000 and the trade
area contains approximately 55,000 additional. It is an industrial area
with housing developments and industry gradually absorbing the
surrounding farmland. Burlington has shown only nominal growth
over the past few years. However, the immediately surrounding area
has grown very rapidly.
Pemberton, N.J., is 14 miles southeast of Burlington and has a
population of 1,300. Its trade area embraces an additional 15,000.
The economy of the area is largely dependent on general farming and
berry growing. Local industry provides employment for about 400,
and others are employed at adjacent military bases which employ
several thousand civilians.
Both banks are located in Burlington County which has a population
of approximately 224,000. During the last decade the population
increased by 65 percent. Originally, the county was predominantly
agricultural in nature. However, in the past 10 years there has been a
trend toward suburban residential construction and industrialization.
This growth is attributable to the county's favorable location in the
center of the rapidly growing Delaware Valley area, with its excellent
transportation and shipping facilities. The county is presently
serviced by 17 commercial banks, 1 savings bank, and 9 savings and
loan associations.
The capital funds of the consolidated bank will be marginally adequate. Additional capital will be required in the near future. The
future earning prospects appear to be satisfactory. There will be some
improvement in depth of management.
The consolidated bank will be the largest bank in the county, with a
lending limit of $261,000. This increased lending limit would enable
some of the area customers, particularly those in Pemberton, to do
their borrowing locally. The consolidated bank also proposes to
extend and specialize its services which will provide the necessary
facilities to service the further industrial expansion anticipated in the
county.
While the consolidated bank would be the largest bank in the
pounty, it would be second in size as far as IPC deposits are concerned.
The consolidating banks, because of the distance between them, their
respective size, and the extent of other competing institutions in the



91

REPORT OF THE COMPTROLLER OF THE CURRENCY

county, cannot be said to be substantially in competition with one
another, and the consolidation would result in only minor reduction
in competition between the two institutions.
In view of the above, we find the proposed consolidation to be in the
public interest and therefore the application is approved.

Banking offices
Name of bank and type of transaction

The Quarryville National Bank, Quarryville, Pa. (3067), with.,
and The Lancaster County National Bank, Lancaster, Pa.
(683), which had_
__.
_
merged Dec. 29, 1961, under charter and title of the latter
bank (683). The merged bank at date of merger had. _ _

Total assets

In operation

$6,490,666

1

44,204,735

To be
operated

4

50,695,401

5

Summary of Report by Attorney General
Lancaster County National Bank proposes to merge with Quarryville National Bank. Lancaster National is, and would remain, the
second largest bank in the area. It operates four offices, the acquired
bank operates one. Quarryville National offers no trust service and
no consumer loans. Its lending limit is $56,000, but it makes no
loans above $40,000 as a matter of policy.
The proposed merger would probably not have a substantially
adverse effect on competition.
Basis for Comptroller's Approval
Application has been made for the approval of the Comptroller of
the Currency, as required under the provisions of 18(c) of the Federal
Deposit Insurance Act (12 U.S.C. 1828(c)) and section 215a of Title
12 of the United States Code, to merge the Quarryville National Bank,
Quarryville, Pa., established October 26, 1883, charter No. 3067, with
assets of $6,185,634.59 as of June 30, 1961, with and into The Lancaster
County National Bank, Lancaster, Pa., organized August 16, 1841,
charter No. 683, with assets of $41,801,157.27 as of June 30, 1961.
In acting upon such applications, the Comptroller is required by
section 18(c) of the Federal Deposit Insurance Act to consider the
financial history and condition of each of the banks involved, the
adequacy of its capital structure, its future earnings prospects, the
general character of its management, the convenience and needs of
the community to be served, whether or not its corporate powers are
consistent with the purposes of the Federal Deposit Insurance Act,
and the effect of the transaction on competition, including any
tendency toward monopoly.
The financial history and condition, capital structure, future earnings prospects, and management of the merging banks are all favorable
and the proposed merger would not materially affect these factors.
The merging banks are presently satisfactorily servicing the convenience and needs of their immediate areas and the continuing bank
will be in a stronger position to continue to so service the area. Since



92

REPORT OF THE COMPTROLLER OF THE CURRENCY

the continuing bank will be a national bank, its corporate powers are
consistent with the purposes of the Federal Deposit Insurance Act.
The merger will involve banks in Lancaster and Quarryville, Pa.,
located some 15 miles apart, and it appears that there is little direct
competition between them. The continuing bank will be the second
largest bank in Lancaster, with deposits of $40 million, loans of $25
million, and a lending limit of $443,000. The continuing bank will
hold 25.8 percent of the individual-partnership-corporate deposits,
but three of its competitors, the Fulton National Bank of Lancaster,
Conestoga National Bank, Lancaster, and Farmers Bank and Trust
Company of Lancaster, will hold 27.3 percent, 19.2 percent, and 15.6
percent, respectively, of such deposits, with the remainder held by
four other banks.
The competitive position in Lancaster should remain relatively as
it is, but the other bank in Quarryville, Farmers National Bank, will
be in competition with a branch of the continuing bank having resources 12 times its size. However, since the banks in Quarryville
are in any case somewhat exposed to competition from the Lancaster
banks, the proposed merger would serve only to increase the degree of
competition for the other Quarryville bank.
For the reasons set out above, we find the proposed merger to bo in
the public interest and the application is therefore approved.

Banking offices
Name of bank and type of transaction

The Savings Institution of the City of Williamsport in the
County of Lycoming, Williamsport, Pa., with
was purchased Dec. 29, 1961, by The First National Bank
of Williamsport, Williamsport, Pa. (175), which had
After the purchase was effected the receiving bank h a d . . .

Total assets

In operation

$4,495,351

1

15,255,951
19,093,532

To be
operated

1
2

Summary of Report oj Attorney General
The city of Williamsport, with a population of almost 42,000, is
serviced by seven banks, with The Savings Institution (selling bank)
being the smallest. Because of charter limitations, The Savings
Institution is restricted to accepting time deposits only, and has
limited powers to invest in first mortgages and liens on real estate,
and in State and federal bonds. The bank has undergone a steady
decline in net operating income and is considering liquidation as an
alternative to this acquisition.
As a result of this acquisition, The First National Bank will rank
third among area banks, with 21.17% of the deposits and 17.12%
of the loans in the area. However, because of the very limited degree
of competition presently existing between the selling and purchasing
banks, and because of the existence of substantial competition among
the six remaining banks after this acquisition, and considering the
limited banking services now offered by the selling bank and its decline as a viable financial institution, it is believed that the proposed



93

REPORT OF THE COMPTROLLER OF THE CURRENCY

sale will not have a substantial adverse effect on competition nor will
it tend to create a monopoly.
Basis for Comptroller's Approval
Application has been made by The First National Bank of Williamsport, Williamsport, Pa., for the approval of the Comptroller of the
Currency, as required under the provisions of section 18(c) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1828(c)), to
purchase the assets and assume the liabilities of The Savings Institution of the City of Williamsport in the County of Lycoming, Williamsport, Pa.
The financial history and condition, future earnings prospects, and
management of the two banks are all favorable. The capitalization
of both institutions is sufficient at present, and if it is determined that
additional capitalization will be required, The First National Bank of
Williamsport has agreed to increase its capital by the sale of additional stock.
The two banks are presently satisfactorily servicing the convenience
and needs of their immediate area. Since the continuing bank will be
a national bank, its corporate powers are consistent with the purposes
of the Federal Deposit Insurance Act.
While the two banks are located in Williamsport, Pa., current
competition between them is limited to savings accounts and real
estate mortgages. The selling bank is the smallest in size of the seven
area banks; the purchasing bank is presently the third largest. The
First National Bank of Williamsport holds 16.16 percent of the individual-partnership-corporate deposits and 13.71 percent of the loans.
This bank, subsequent to the purchase, will continue to be in the third
position with 21.17 percent of the individual-partnership-corporate deposits and 17.12 percent of the loans. Therefore, it would appear
that the proposal will have little competive effect on the other area
banks.
We find the proposed purchase of assets and assumption of liabilities
to be in the public interest and the application is therefore approved.

Banking offices
Name of bank and type of transaction

Petersburg Savings and American Trust Company, Petersburg, Va., with
_
. _
and First and Merchants National Bank of Richmond,
Va. (1111), which had
merged Dec. 30, 1961, under charter and title of the latter
bank (1111). The merged bank at date of merger had

Total assets

In operation

$22,746,122

7

284,452, 664

To be
operated

12

304,061, 809

19

Summary of Report by Attorney General
The nearest office of the Petersburg bank to an office of the Richmond bank appears to be approximately 15 miles, and the number of
accounts in one bank originating in the service ar-ea of the other bank
644RK7

- 7




94

REPORT OF THE COMPTROLLER OF THE CURRENCY

is not large. The banks have no common loan accounts, and the
number of common depositors is nominal. Accordingly, it does not
appear that the proposed merger will have a substantial adverse
effect on active competition between the two banks.
However, inasmuch as First and Merchants is the largest commercial
bank within its service area and the proposed merger will increase its
total resources by approximately eight percent, the merger may be
conducive to a further concentration, if not monopoly itself, of commercial banking in areas in which the resulting bank conducts its
business. The effect of the proposed merger on competition will be
adverse.
Basis for Comptroller's Approval
The main offices of the merging banks were approximately 23 miles
apart, and none of their branches competed directly with each other,
so it did not appear the banks were in competition with one another
in any substantial way. The merger wxmld not materially change
the competitive position of the continuing bank in Richmond, but
would enable the merged bank to better service the credit needs
of the service area. It would enhance competition in the Petersburg
area since there are branches of State-Planters Bank of Commerce
and Trusts and the Bank of Virginia there with which the combined bank would be better able to compete.







APPENDIX
95

CONTENTS
TABLES
N"o. 1. Comptrollers and Deputy Comptrollers of the Currency since
1863
Ko. 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, 1961
No. 3. National banks chartered during the year ended Dec. 31, 1961-_
No. 4. National banks chartered which were conversions of State banks
during the year ended Dec. 31, 1961
No. 5. National banks reported in voluntary liquidation during the
year ended Dec. 31, 1961, 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, 1961, 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, 1961, with the effective date and the
capital stock
No. 8. Purchases of State banks by national banks reported during the
year ended Dec. 31, 1961, 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, 1961, 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, 1961, 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, 1961
No. 12. Number of domestic branches of national banks closed during
the year ended Dec. 31, 1961
.
No. 13. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, Dec. 31, 1960 and 1961
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 1961
No. 15. Dates of reports of condition of national banks, 1914-61
No. 16. Assets and liabilities of national banks on Apr. 12, June 30, Sept.
27, and Dec. 30, 1961
No. 17. Fiduciary activities of national banks as of Dec. 30, 1961
No. 18. Fiduciary activities of national banks by Federal Reserve districts
as of Dec. 30, 1961
No. 19. Classification of investments under administration by the active
national bank trust departments, Dec. 30, 1961
No. 20. Fiduciary activities of national banks by States as of Dec. 30,
1961
"
No. 21. General comparative figures of fiduciary activities
No. 22. National banks administering employee benefit trusts and
agencies during 1961, by Federal Reserve districts
No. 23. National banks administering employee benefit trusts and
agencies during 1961, by States
No. 24. Income, expenses, and dividends of national banks, by States, for
the year ended Dec. 31, 1961
No. 24-A. Occupancy expense of bank premises of national banks, by States,
for the year ended Dec. 31, 1961
97




Page

99

100
101
103
104

104

105
105
106
109
112
119
120
121
122
125
179
181
182
182
185
186
186
188
196

98

REPORT OF THE COMPTROLLER OF THE CURRENCY
Page

No. 25. Income, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended Dec. 31, 1961
No. 26. Income, expenses, and dividends of national banks, by size of
banks, for the year ended Dec. 31, 1961.,.
No. 27. Income, expenses, and dividends of national banks, year ended
Dec. 31, 1961
No. 28. Number of national banks, capital stock, capital funds, net
profits, dividends, and ratios, years ended Dec. 31, 1930-61
No. 29. Total loans of national banks, losses andi{recoveries on loans, and
ratio of net losses or ^recoveries to (loans, ;by {calendar years 194261
No. 30. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1942-61
No. 31. Foreign branches of American national banks, Dec. 30, 1961
No. 32. Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 30, 1961
No. 33. Assets and liabilities of banks in the District of Columbia by
classes, Dec. 30, 1961
No. 34. Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended Dec. 31, 1961
No. 35. Assets and liabilities of nonnational banks in the District of
Columbia at^date Jof each calljduring the year ended Dec. 31,
1961
No. 36. Income, expenses, and dividends of banks in the District of
Columbia, year ended Dec. 31, 1961
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, 1930-61
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 1942-61
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 1942-61
No. 40. Fiduciary activities of banks in the District of Columbia, Dec. 30,
1961
No. 41. Assets and liabilities of all active banks in the United States and
possessions, by classes, Dec. 30, 1961
No. 42. Assets and liabilities of all active banks in the United States and
possessions, by States and territories, Dec. 30, 1961
No. 43. Assets and liabilities of active national banks, by States and
territories, Dec. 30, 1961
No. 44. Assets and liabilities of all active banks other than national, by
States and territories, Dec. 30, 1961
No. 45. Assets and liabilities of active State commercial banks, by States
and territories, Dec. 30, 1961
1
No. 46. Assets and liabilities of active mutual savings banks, by States and
territories, Dec. 30, 1961
No. 47. Assets and liabilities of active private banks, by States and territories, Dec. 30, 1961
No. 48. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, Dec. 30, 1961 __
No. 49. Officials of State banking departments and number of each class of
active banks in December 1961
No. 50. Assets and liabilities of all active banks, Dec. 31, 1936 to 1961
No. 51. Assets and liabilities of all active national banks, Dec. 31, 1936 to
1961
No. 52. Assets and liabilities of all active banks other than national, Dec.
31, 1936 to 1961
No. 53. National banks placed in charge of receiver during year ended
Dec. 31, 1961
No. 54. Bank suspensions since inauguration of Federal deposit insurance,
years ended Dec. 31, 1934 to 1961



198
202
206
208
209
209
210
211
212
214
215
216
218
219
221
223
224
226
236
246
256
266
272
277
279
282
283
284
285
286

REPORT OF THE COMPTROLLER OF THE CURRENCY

99

TABLE NO. 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
Ridgely, William Barret.
Murray, Lawrence 0
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
Saxon, James J

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

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

8,1865
24,1866
3,1872
30,1884
1,1886
30,1889
30,1892
25,1893
31,1897
30,1901
28,1908
27,19131
2,1921
30,1923
17,1924
20,1928
20,1932
16,1938
15,1953
15,1961

16,1961

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

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, Jr__.
Diggs, Marshall R
Oppegard, G. J
Upham, 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 .
Haggard, Hollis S
1 Term expired.
2 Died Mar. 2, 1923.




May
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
May 16,1960

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 2
Mar. 2,1923
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
May 16,1960

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.
Missouri.

100

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.
) and in existence Dec. 31, 1961

Organ-

Location

--- -_-

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
AlabamaMississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio
Indiana
Illinois . .
Michigan
Wisconsin
Minnesota
Iowa
Missouri

. __

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




Consolidations
under
sees. 1,
2, and 3

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

Mergers
under
sees. 4
and 5

127
81
85
377
67
125

7
3
3
33
3
10

4

852

59

1,001
420
1,284
30
146
32

Insolvent

In
liquidation

4

13
5
17
28
2
7

79
22
29
207
58
69

14

72

112
41
92

30
4
17

3
8

2

2,913

256

255
193
155
127
193
206
181
82
114
1.236
to to i-*

Maine
New Hampshire
Vermont
Massachusetts .
Rhode Island
Connecticut

ized

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

19
11
8
8
8
2
4
5
3
44
1
11
8

3,358

132

703
442
944
329
279
498
552
298

32
13
18
11
9
8
4
11

4,043

106

259
220
405
449
198
64
224
90
750

3
12

2,659

1
5

Con- Merged
verted or conto
solidated
State
with
banks
State
banks
1

In existence

23
51
30
96
4
22

1

4
8

464

1

26

226

130
59
211
1
17
7

437
150
473
18
68
13

4

55
10
41
8
4

233
156
450
3
52
4

53

425

1,159

4

118

898

5

28
38
44
43
42
42
45
16
16
141
39
37
36

74
68
58
49
87
41
62
34
53
572
55
110
94

1

16

567

1,357

3

1

112
98
227
77
54
116
205
58

331
204
295
156
115
192
242
148

8

947

1,683

12

100
93
83
76
76
12
55
25
85

118
81
198
197
76
26
84
36
453

43

605

1,269

6
3
5

7
2
1

1

1
3

13

4

1

4
2

1
1

128
70
31
25
53
121
69
27
42
474
56
86
74

13

11

1,262

2

3
1
1
3

7
3

4
2

1

222
126
400
79
101
180
97
77

8

9

1,282

1
1
2

4

38
33
121
168
43
26
80
29
200
738

101

HEPORT 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, 1961—Continued

Location

Organized

Washington
Oregon. __ _
California
________
Idaho
Utah
Nevada
Arizona
Alaska _. _
__ _
Hawaii
__. _.
Total Pacific States..
Puerto Rico
___
,
Virgin Islands of the United
States
Total possessions

Consolidated
and merged
under act
N o v . 7, 1918,
as amended

Consolidations
under
sees. 1,
2, and 3
18
2
19

46

In
liquidation

51
31
65
35
6
4
6

135
102
383
65
19
8
21
1
4

198

738

3
2
14

1,126

Insolvent

Mergers
under
sees. 4
and 5

231
149
534
111
38
17
31
8
7

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

4
1
1
1
19

1

Con- Merged
verted or consolidated
to
with
State
State
banks
banks

1
1

2

In existence

24
10
40
10
7
3
3
7
2

2
12
1
1
1

17

106

1

1

1

2

Total United States and
possessions
114,963

1

1
642

110

2 2,814

3

6, 671

32

181

4,513

1

Includes 456 organized under act F e b . 25,1863; 9,401 under act J u n e 3,1864, as amended; 10 under Gold
Currency Act of J u l y 12, 1870; and 5,096 under act M a r . 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. 31, 1961
Charter
No.

Title and location of bank

Capital
stock

ARKANSAS
14941

First National Bank of Warren !

$150,000
CALIFORNIA

14939

Golden Gate National Bank, San Francisco

__ _

1,725,000

COLORADO
14947
14952

First National Bank, Westminster x
Cherry Creek National Bank of Denver !
Total (2 banks)

206,000
600,000
806,000

FLORIDA
14932
14953

The National Bank of Tampa
Jacksonville National Bank, Jacksonville
Total (2 banks)

See footnotes at end of table.




400,000
1,000,000
1,400,000

102

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1961—Con.
Title and location of bank

Charter
No.

Capital
stock

ILLINOIS
14930
14935
14942
14943
14945

First National Bank of Schiller Park
First National Bank of Crystal Lake
Valley National Bank of Aurora
National Bank of North Evanston, Evanston
Southeast National Bank of Moline
Total (5 banks)

_

$150,000
200,000
220,000
300,000
200,000
1,070,000

INDIANA
14931

Portage National Bank, Portage.

_
_

14946
14954

Midway National Bank of Cedar Falls
Ankeny National Bank, Ankeny

250,000

IOWA
100,000
100,000

Total (2 banks)

200,000
KANSAS

14959
14961

Seneca National Bank of Wichita
The First National Bank in Hoisington

.

_ _

300,000
150,000

Total (2 banks)

450,000
MARYLAND

14937
14956

American National Bank of Silver Spring *
Elkridge National Bank, Elkridge—

680,000
200,000

Total (2 banks)

880,000
MICHIGAN

14933
14934
14948

National Bank and Trust Company of2 Ann Arbor ' .
l

.. _ „

1,200,000
250,000
3 5,000,000

The Empire National Bank, Empire
_'_ _ __ _
M i c h i g a n B a n k , N a t i o n a l Association, D e t r o i t l
T o t a l (3 banks)

3 6,450,000
MINNESOTA

14949

Franklin National Bank of Minneapolis

2G0,000

NEW JERSEY
14936

Cherry Hill National Bank of Delaware Township (P.O. Merchantville)

200,000

NEW YORK
1399
14951

The National Bank of Orange and Ulster Counties, Goshen * 4
County National Bank of Mineola

220,000
600,000

Total (2 banks)

820,000
OKLAHOMA

14960

Community National Bank of Warr Acres _«

_

_ _
_

_ _
_

300,000

SOUTH CAROLINA
14950

The First National Bank of Laurens

200,000
TEXAS

14938
14940
14944
14955
14962

Citizens National Bank of San Antonio
First National Bank of Duncanville
Pasadena National Bank, Pasadena
First National Bank of Zapata
Gateway National Bank of Fort Worth
Total (5 banks)

See footnotes at end of table.




_.
_

__ .
_

_

_.. -

250,000
200,000
200,000
100,000
400,000
1,150,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

103

TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1961—Con.
Title and location of bank

Charter

No.

Capital
stock

WISCONSIN
14957
14958

Oak Creek Marine National Bank, Oak Creek
National Bank of Wausau

$200,000
200,000

Total (2 banks)

400,000

Total United States (34 banks)

3 16,651,000

1 Conversion of State-chartered bank.
2 Title and location changed to The Empire National Bank of Traverse City.
3 Includes $2,000,000 preferred capital stock.
* This bank operated under a national charter from July 7,1865 to May 15,1952, under charter No. 1399
and under the title "The National Bank of Orange County of Goshen", on which date it was converted to
a State bank under the title "The Bank of Orange County." In the course of re-conversion from the State
bank to a national banking association the bank was permitted to retain its original charter number.

TABLE N O . 4.—National banks chartered which were conversions of State banks
during the year ended Dec. 81, 1961

Charter
No.

14933
14934
14937
14941
14947
14948
1399
14952

Title and location of bank

State

National Bank and Trust Com- Mich.
pany of Ann Arbor.
The Empire National Bank, . . . d o
Empire. 1
American National Bank of Silver Md
Spring.
First National Bank of Warren
Ark
First National Bank, West- Colo
minster.
Michigan Bank, National Associ- Mich
ation, Detroit.
The National Bank of Orange and N.Y
Ulster Counties, Goshen.3
Cherry Creek National Bank of Colo
Denver.
Total (8 banks)

Effective
date of
charter

Authorized
capital

Approximate
surplus
and undivided
profits

Approximate
assets

Feb. 10

$1,200,000

$2,656,601

$49,508,652

Feb. 15

250,000

145,580

3, 565,676

Apr. 7

680,000

1, 593,039

31,100,901

June 15
July 20

150,000
206,000

272, 522
193, 509

4,307,047
5,918,444

Aug. 1 2 5,000,000

1, 789,372

194,002, 585

Aug. 14

220,000

627, 747

10,996,158

Sept. 29

600,000

725,096

15,672,633

2 8,306,000

8,003,466

315,072,096

1 Title and location changed to The Empire National Bank of Traverse City.
2 Includes $2,000,000 preferred capital stock.
3
This bank operated under a national charter from July 7, 1865 to May 15, 1952, under charter No. 1399
and under the title "The National Bank of Orange County of Goshen," on which date it converted to a
State bank under the title "The Bank of Orange County." In the course of re-conversion from the State
bank to a national banking association the bank was permitted to retain its original charter number.




104

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. 31, 1961, the names of succeeding banks in cases of succession with
date of liquidation and capital stock
Title and location of bank
The First National Bank of La Porte, Texas (12421)
The First National Bank of Cresson, Pa. (5768), absorbed by The First National Bank of Ebensburg, Pa
The Fords National Bank, Fords, N.J. (11428), absorbed by First Bank and
Trust Company, Perth Amboy, N.J
The Fredonia National Bank, Fredonia, Pa. (13884), absorbed by The First
National Bank of Mercer, Pa
The First National Bank of New Kensington, Pa. (4913), absorbed by Pittsburgh National Bank, Pittsburgh, Pa
The First National Bank of Williamsburg, Pa. (14182), absorbed by Hollidaysburg Trust Company, Hollidaysburg, Pa
__
The Smethport National Bank, Smethport, Pa. (8591), absorbed by Producers
Bank and Trust Company, Bradford, Pa—
The Oxford National Bank, Oxford, Ohio (6059), absorbed by The First
National Bank and Trust Company of Hamilton, Ohio
The Merchants National Bank of West Virginia at Clarksburg, W. Va. (1530),
absorbed by The Union National Bank of Clarksburg
The Walla Walla National Bank, Walla Walla, Wash. (14852), absorbed by
The Old National Bank of Spokane, Wash
_._

Date of
liquidation
Mar. 1,1961

Capital
stock
$50,000

Aug. 18,1961

50,000

Aug. 11,1961

300,000

Sept. 2,1961

50,000

Sept. 30,1961

375,000

Sept. 29,1961

50,000

Sept. 30,1961

50,000

Oct. 20,1961

100,000

Nov. 4,1961

120,000

Nov. 24,1961

200,000

Total (10 banks).

1,345,000

TABLE N O . 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, 1961, with the effective date and the capital stock
Title and location of bank
Commercial National Bank of Kinston, N.C. 1 (14433), merged with and into
Wachovia Bank and Trust Company, Winston-Salem, N.C
Allenhurst National Bank and Trust Company, Allenhurst, N.J.2 (12891),
merged with and into The Central Jersey Bank and Trust Company,
Freehold, N.J
_
The National Bank and Trust Company of Spring City, Pa. 3 (2018), merged
with and into Montgomery County Bank and Trust Company, Norristown,
Pa.
Rockland-Atlas National Bank of Boston, Mass.* (615), merged with and into
State Street Bank and Trust Company, Boston
The National Bank of Fredonia, N.Y.s (9019), merged with and into Liberty
Bank and Trust Company, Buffalo, N.Y
The Cape Ann National Bank of Gloucester, Mass. (899), merged with and
into Gloucester Safe Deposit and Trust Company, Gloucester, and under
the title "Cape Ann Bank and Trust Company".
__
The First National Bank of Thomasville, N.C. (8788), merged with and into
Wachovia Bank and Trust Company, Winston-Salem, N . C
The First National Bank of Candor, N.Y. (353), merged with and into
The Farmers & Merchants Bank of Spencer, N.Y., and under the title
"Tioga State Bank"
—
The University National Bank of Chapel Hill, N.C.« (14697), merged with
and into Durham Bank & Trust Company, Durham, N . C , and under the
title "Central Carolina Bank and Trust Company"._
The First National Bank of Bradley Beach, N.J.7 (10224), merged with and
into The Central Jersey Bank and Trust Company, Freehold, N.J
The Fort Plain National Bank, Fort Plain, N.Y. (2860), merged with and
into State Bank of Albany, N . Y . . .
—
Greylock National Bank, Adams, Mass. (4562), merged with and into Berkshire Housatonic Trust Company, Pittsfleld, Mass., and under the title
"Berkshire Bank & Trust Company"..
_
The Peoples National Bank of Southbridge, Mass.* (11388), consolidated with
Guaranty Bank & Trust Company, Worcester, Mass
Total (13 banks).
1 With 2 local branches and 1 each at Morehead City and Sea Level.
2 With 1 local branch and 1 at Eatontown.
3 With 1 local branch.
* With 6 local branches.
* With 1 branch at Brocton.
o With 1 local branch.
7 With 1 branch at Neptune City,
s With 1 branch at Sturbridge.




Effective
date
Jan.

Capital
stock

3,1961

$300,000

Jan. 31,1961

750,000

Feb. 17,1961

300,000

Apr. 14,1961

3,000,000

Mar. 31,1961

150,000

June

2,1961

200,000

July 28,1961

500,000

June 30,1961

50,000

Sept. 30,1961

100,000

Oct. 11,1961

200,000

Sept. 22,1961

200,000

Dec. 29,1961

200,000
151,200
1,101,200

REPORT OF THE COMPTROLLER OF THE CURRENCY

105

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. SI, 1961, with the
effective date and the capital stock
Title and location of bank

Effective
date

The Peoples National Bank of Richmond, Kans. (11728), converted into The
Peoples State Bank of Richmond

May 31,1961

Capital
stock

$50,000

TABLE N O . 8.—Purchases of Stale banks by national banks reported during the
year ended Dec. 31, 1961, with title, location, and capital stock of the State banks,
and effective dates of purchase
Title and location of bank
The Howard National Bank and Trust Company of Burlington, Vt.
purchased Central Savings Bank & Trust Company, Orleans, Vt
The United States National Bank of Portland, Oreg. (4514), purchased
Coquille Valley Bank, Coquille, Oreg
Oil City National Bank, Oil City, Pa. (14274), purchased East Brady Office
of Butler Savings and Trust Company, Butler, Pa
The First National Bank of Ironton, Ohio (98), purchased The Chesapeake
Bank, Chesapeake, Ohio
The Central National Bank, Cambridge, Ohio (13905), purchased Citizens
Savings Bank Company, Cambridge
The First-Knox National Bank of Mount Vernon, Ohio (7638), purchased
The Danville Bank, Danville, Ohio
The First National Bank of Williamsport, Pa. (175), purchased The Savings
Institution of the City of Wililamsport in the County of Lycoming,
Williamsport
Total (7 banks).




Effective
date

Capital
stock

Jan. 31,1961

$50,310

Feb. 17,1961

240,000

June 24,1961
June 30,1961

100,000

Sept. 2,1961

75,000

Nov. 10,1961

75,000

Dec. 29,1961

10,200
550, 510

106

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 9.—Consolidations of national banks, or national and State banks, during
the year ended Dec. 81, 1961, under sees. 1, 2, and 3 of the act of Nov. 7, 1918, as
amended
Capital
stock
Gardner Trust Company, Gardner, Mass.,1 with
and Worcester County National Bank, Worcester,
Mass. (14850), which had
consolidated Jan. 20, 1961, under charter and title of
the latter bank (14850). The consolidated bank at
date of consolidation had
The Farmers & Citizens State Bank, Crestline, Ohio,
with
and The First National Bank of Bucyrus, Ohio (443),
which had
consolidated Jan. 31, 1961, under charter of the latter
bank (443), and title "Crawford County National
Bank, Bucyrus." The consolidated bank at date
of consolidation had._
The First National Bank in Bristol, Tenn.2 (13640),
with
and The First National Bank of Kingsport, Tenn.
(10842), which had
._._
consolidated Feb. 8, 1961, under charter of the latter
bank (10842), and title "The First National Bank of
Sullivan County," Kingsport, Tenn. The consolidated bank at date of consolidation had
The State Bank of St. Johns, St. Johns, Mich., with
and The St. Johns National Bank, St. Johns, Mich.
(3378), which had
consolidated Feb. 21, 1961, under charter of the latter
bank !(3378), and title "Clinton National Bank and
Trust Company, St. Johns." The consolidated
bank at date of consolidation had
Security Trust Company, Lexington, Ky.3, with
and First National Bank and Trust Company of
Lexington, Ky. (906), which had
consolidated Mar. 1, 1961, under charter of the latter
bank (906), and title "First Security National Bank
and Trust Company of Lexington." The consolidated bank at date of consolidation had
The First National Bank and Trust Company of
Ossining, N.Y.4 (471), with
and First Westchester National Bank of New Rochelle, N.Y. (13955), which had
consolidated Mar. 3, 1961, under charter and title of
the latter bank (13955). The consolidated bank at
date of consolidation had
Egypt Schnecksville Bank, Egypt, Pa.s, with
and The Merchants National Bank of Allen town, Pa.
(6645), which had
consolidated May 26, 1961, under charter and title of
the latter bank (6645). The consolidated bank at
date of consolidation had
The Peoples Bank and Trust Company, Dayton, Ohio,e
with
and The Merchants National Bank and Trust Company of Dayton, Ohio (1788), which had
consolidated June 2, 1961, under charter of the latter
bank (1788), and title "The National Bank of Dayton." The consolidated bank at date of consolidation had
The Community 7 Bank and Trust Company, New
Haven, Conn. , with
and The Second National Bank of New Haven, Conn.
(227), which had
consolidated June 30, 1961, under charter and title of
the latter bank (227). The consolidated bank at
date of consolidation had
The Bank of McKees Rocks, McKees Rocks, Pa., with..
and Western Pennsylvania National Bank, McKeesport, Pa. (2222), which had
consolidate June 30, 1961, under charter and title of
the latter bank (2222). The consolidated bank at
date of consolidation had
The Farmers National Bank of Thompsontown, Pa.
(10211), with
and The Peoples National Bank of Mifflin, Pa.
(9678), which had
consolidated June 30, 1961, under charter of the latter
bank (9678), and title "The Peoples-Farmers National Bank, Mifflin, Pa." The consolidated bank
at date of consolidation had
See footnotes at end of table.




Undivided
profits

Total

$300,000

$400,000

$635,530

$11,033,964

3,575,000

7,600,000

1,251,353

142,074,489

3,935,000

7,940,000

1,885,070

153,136,765

60,000

80,000

57,131

1,960,677

100,000

200,000

82,252

4,487,187

200,000

300,000

79, 382

6, 447,864

250,000

750,000

466,426

17,927,308

1,000,000

1,000,000

1,288,816

40,438,632

1,375,000
200,000

1, 750,000
200,000

1, 532,010
219,115

58, 525, 732
6,615,418

200,000

200,000

167, 617

6, 708, 652

400,000
1,000,000

400,000
1, 200,000

386, 732
901,920

13,324,070
19, 751,883

1,250,000

1, 250,000

2, 556, 111

61, 419,801

2, 500,000

2, 500, 000

3,158,031

81,171,684

231, 500

231, 500

300, 234

12,228,644

1,872, 720

2, 200,000

1, 484, 575 69,354,346

2,197,395
150,000

2,431, 500
400,000

1, 691,634
178,142

81,174,061
8, 806, 613

1, 500,000

3, 500,000

863,186

67,738,416

1, 764, 375 3, 900,000

926, 953

76, 545,028

1,125,000

1,400,000

685,130

42,583,839

1,125,000

1,875,000

354,831

37,259,056

2,250,000

3,275, 000

939, 961

79, 842,895

500,000

500,000

145,991

13, 603,918

1,819,125

3,180,875

592, 940

60, 335, 520

2, 319,125
100,000

3,680,875
400,000

670,825
140,782

73, 973, 311
9, 562, 385

6,668,140

8,831,860

3,137,986

6, 868,140

1,131,860

217,317,817

3, 278, 769 226, 880,202

35,000

165,000

50,039

1,642,259

50,000

200,000

60,979

2,639,233

100,000

400,000

61,018

4,281,493

REPORT OP THE COMPTROLLER OF THE CURRENCY

107

TABLE NO. 9.— Consolidations of national banks, or national and State banks, during
the year ended Dec. 31, 1961, under sees. 1, 2, and 3 of the act of Nov. 7, 1918, as
amended—-Continued
Capital
stock
The Sharon National Bank, Sharon, Conn. (13245),
with
and The First National Bank of New Milford, Conn.
(1193), which had
consolidate July 14, 1961, under charter of the latter
bank (1193), and title "Litchfield County National
Bank, New Milford." The consolidated bank
at date of consolidation had
The State Savings Bank of Elsie, Mich., with
and Clinton National Bank and Trust Company, St.
Johns, Mich. (3378), which had
consolidate July 19, 1961, under charter and title of
the lattT bank (3378). The consolidated bank at
date of consolidation had
The Home Bank, Cridersville, Ohio, with
and The First National Bank of Wapakoneta, Ohio
(3157), which had
consolidated July 31, 1961, under charter and title of
the latter bank (3157). The consolidated bank at
date of consolidation had
The First National Bank of Latonia, Covington, Ky.
(6248), with
____
and The First National Bank and Trust Company
of Covington, Ky. (718), which had
consolidated Aug. 25, 1961, under charter and title of
the latter bank (718). The consolidated bank at
date of consolidation had
The First Trust Company of Lincoln, Nebr., with
and The National Bank of Commerce of Lincoln,
Nebr. (7239), which had
consolidated Sept. 9, 1961, under charter of the latter
bank (7239), and title "National Bank of Commerce
Trust and Savings Association." The consolidated bank at date of consolidation had
The National Bank and Trust Company of West
Grove, Pa. (2669), with
and the National Bank and Trust Company of Kennett Square, Pa. (2526), which had
consolidated Sept. 29, 1961, under charter and title
of the latter bank (2526). The consolidated bank
at date of consolidation had
Central Trust Capital Bank, Harrisburg, Pa.8, with...
and National Bank of York County, York, Pa, (694),
which had
consolidated Oct. 13, 1961, under charter of the latter
bank (694), and title "National Bank & Trust
Company of Central Pennsylvania," York. The
consolidated bank at date of consolidation had
Osborne Trust Company, East Hampton, N.Y., with__
and Valley National Bank of Long Island, Valley
Stream, N.Y. (11881), which had
consolidated Oct. 13, 1961, under charter and title of
the latter bank (U881). The consolidated bank at
date of consolidation had
First National Bank of Collingswood, N.J. (11607),
with
and Haddonfield National Bank, Haddonfield, N.J.
(14457), which had
consolidated Oct. 20, 1961, under charter and title of
the latter bank (14457). The consolidated bank at
date of consolidation had
Harrisburg Trust Company, Harrisburg, Pa. 9 , with
and The Harrisburg National Bank, Harrisburg, Pa.
(580), which had
consolidated Oct. 27, 1961, under charter of the latter
bank (580), and title "The Harrisburg National
Bank and Trust Company." The consolidated
bank at date of consolidation had
The Citizens Banking and Savings Company, Conneaut, Ohio, with
and The Farmers National Bank and Trust Company of Ashtabula, Ohio (975), which had
consolidated Oct. 27, 1961, under charter and title of
the latter bank (975). The consolidated bank at
date of consolidation had
See footnotes a t end of table.




Undivided
profits

Total
assets

$100,000

$100,000

$65, 753

$2, 727,836

420,000

600, 000

218,800

8,872,673

495,000
135, 000

725,000
95,000

284, 553
103,638

11,600, 509
2, 558,183

400,000

400,000

405, 275

13,053, 543

508,000
40,000

508,000
32,000

522, 913
35, 445

15, 600,388
1, 314,100

250,000

600,000

168,261

9, 691, 552

278,000

722,000

125,705

100,000

100,000

151,478

3,118,919

300,000

650,000

537,353

13,069,937

400,000
600,000

750,000
500,000

688,831
499, 482

16,188,855
1,892,233

1,800,000

1, 800,000

701,020

75, 632,396

2, 600,000

5, 600,000

800, 502

77, 524, 629

125,000

175, 000

203, 465

4, 514,028

250,000

600,000

394,157

12,443, 691

500,000
2,060,000

850,000
2,060,000

397, 622
809, 593

16,957,719
49,016,310

2,425,050

4,072, 500

1, 841, 287

77, 329, 955

5,392,020
350,000

6,132,500
250,000

1,743,910 126,346,264
324, 779 11,863,641

10,820,027

1, 223, 450 2, 500,000

492, 580

58, 565,396

1, 520,950

2, 750,000

889, 859

70,429,038

200,000

300,000

106,240

10,487,050

600,000

700,000

190,491

28, 204,778

800,000
1,000,000

1,000,000
3,000,000

296, 731
985, 955

38, 691,834
41,154,906

1,206, 641

2, 793, 360

762, 759

56,267,682

2,406,641

5, 593,360

1,748, 714

97,103,031

200,000

400,000

34,136

8,746,945

840,000

1,000,000

644, 695

23,994,532

1,160,000

1,440,000

518, 830

32,741,476

108

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 9.—Consolidations of national banks, or national and State banks, during
the year ended Dec. 31, 1961, under sees. 1, 2, and 3 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock

Surplus

The Central National Bank and Trust Company of
Peoria, 111. (3214), with.
$1,000,000 $1,000,000
and Commercial National Bank of Peoria, III. (3296),
which had
_
3,000,000
3,000,000
consolidated Oct. 27, 1961, under charter and title of
the latter bank (3296). The consolidated bank at
date of consolidation had
4,500,000
4,500,000
Security State Bank and Trust Company of Beaumont,
Texas, with
300,000
1,000,000
and The First National Bank of Beaumont, Texas
(4017), which had
2,300,000
2,300,000
consolidated Oct. 28, 1961, under charter of the latter
bank (4017), and title "First Security National
Bank of Beaumont." The consolidated bank at
date of consolidation had
..
2,860,000
3,140,000
The Merchants Trust Company of Red Bank, N.J. 10 ,
with
__
420,000
1,000,000
and Asbury Park-Manasquan National Bank, Asbury Park, N.J. (13363), which had
1,800,000
1,000,000
consolidated Oct. 31, 1961, under charter of the latter
bank (13363), and title "First Merchants National
Bank, Asbury Park." The consolidated bank at
date of consolidation had
2,550,000
2,550,000
County 11
Trust Company of Maryland, Glen Burnie,
Md. , with
1,953,650
2,500,000
and Baltimore National Bank, Baltimore, Md.
7,292,500 20,207,500
(13745), which had
consolidated Nov. 3, 1961, under charter and title of
the latter bank (13745). The consolidated bank at
8, 855, 420 26,144, 580
date of consolidation had
Hampden National Bank and Trust Company of
Westfield, Mass. (1367), with
250,000
450,000
and The Third National Bank and Trust Company
of Springfield, Mass. (308), which had
2,0000,00
4,000,000
consolidated Nov. 17,1961, under charter of the latter
bank (308), and title "Third National Bank of
Hampden County," Springfield. The consolidated
2,260,000
5, 740,000
bank at date of consolidation had
The Peoples National Bank and Trust Company of
150,000
360,000
Pemberton, N.J.12 (8129), with
and Mechanics National Bank of Burlington, N.J.
703,125
946,875
(1222), which had
consolidated Dec. 29, 1961, under charter and title of
the latter bank (1222). The consolidated bank at
1,070,125
1,089,875
date of consolidation had

Undivided
profits

Total
assets

$829, 206 $37, 659,233
1,720,486

87,430,967

1, 549,691 125,090,200
186,012

18,343,808

1,147,934

68,213,017

1,233,946

86, 556, 825

567,929

29,952,056

848,940

47,367,320

536,869

77, 319,377

2,057,996

106, 882,907

4,937,342

439, 807,006

3,948,988

540,625,512

147, 543

12,507, 582

4,352, 982

111,420,394

3, 200, 525 123, 927,976
134, 590

9,629,465

271,958

20,536,070

406,549

30,165, 534

1 With 1 branch each in Ashburnham, South Gardner, Baldwinville, and Westminster.
2 With 1 local branch and 1 at No. 1 Bluff City Highway.
3 With 1 local branch.
* With 1 branch at Briarcliff Manor.
s With 1 local branch.
e With 3 local branches and 1 in Kettering.
7 With 1 local branch.
8
With 3 local branches and 1 at Colonial Park Plaza, 4600 Jamestown Road, Lower Paxton Township.
9 With 1 branch each in Highspire and Steelton.
i° With 1 branch each at Fair Haven and Holmdel.
» With 2 branches each in Annapolis, Salisbury, and Chestertown, and 1 branch each in Cambridge,
Federalsburg, Hurlock, Indian Head, La Plata, Leonardstown, Mechanicsville, Owings, Prince Frederick,
St. Michaels, Sharptown, Snow Hill, Solomons, Upper Marlboro, Vienna, Pocomoke City, Riviera Beach,
Oakland Shopping Center, Linthicum, and Tilghman.
}2 With 1 branch at Wrightstown.




REPORT OF THE COMPTROLLER OF THE CURRENCY

109

TABLE NO. 10.—Mergers of national banks, or national and State banks, during the
year ended Dec. 31, 1961, under sees. 4 and 5 of the act of Nov. 7, 1918, as
amended
Capital
stock
The National Bank of Argyle, N.Y. (13521), with
and The Manufacturers National Bank of Troy, N.Y.
(721), which had
merged Feb. 10, 1961, under charter and title of the
latter bank (721). The merged bank at date of
merger had
The First National Bank of Amsterdam, N.Y. (1307),
with
and The National Commercial Bank and Trust
Company of Albany, N.Y. (1301), which had
merged Feb. 17, 1961, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
Cicero State Bank, Cicero, N.Y.,i with
and The Merchants National Bank & Trust Company of Syracuse, N.Y. (1342), which had
merged Feb. 28, 1961, under charter and title of the
latter bank (1342). The merged bank at date of
merger had
The Citizens National Bank of Bedford, Va. (10621),
with
and The First National Exchange Bank of Roanoke,
Va. (2737), which had
merged Mar. 7, 1961, under charter and title of the
latter bank (2737). The merged bank at date of
merger had
Norwood Bank & Trust Company, Norwood, Mass.,
with
and South Shore National Bank of Quincy, Mass.
(14798), which had
merged Mar. 17, 1961, under charter and title of the
latter bank (14798). The merged bank at date of
merger had
Madrid Bank, Madrid, N.Y., with
and The St. Lawrence County National Bank of
Canton, N.Y. (8531), which had
merged Mar. 24,1961, under charter of the latter bank
(8531), and title "St. Lawrence County National
Bank of Canton, N.Y." The merged bank at date
of merger had
Georgetown State Bank, Georgetown, Ind., with
and The Union National Bank of New Albany, Ind.
(14047), which had
merged Mar. 25, 1961, under charter and title of the
latter bank (14047). The merged bank at date of
merger had
Citizens Bank and Trust Company of Middletown,
Pa., with
and The Harrisburg National Bank, Harrisburg, Pa.
(580), which had
merged Mar. 30, 1961, under charter and title of the
latter bank (580). The merged bank at date of
merger had
Coraopolis Trust Company, Coraopolis, Pa., with
The Coraopolis National Bank, Coraopolis, Pa. (5069),
with
and The Union National Bank of Pittsburgh, Pa.
(705), which had
merged Mar. 31, 1961, under charter and title of the
last-named bank (705). The merged bank at date
of merger had
The Bank of Waverly, Ky., with
and The Morganfield National Bank, Morganfleld,
Ky. (7490), which had
merged June 3, 1961, under charter and title of the
latter bank (7490). The merged bank at date of
merger had
The Farmers & Citizens Bank, Tiro, Ohio, with
and The Second National Bank of Bucyrus, Ohio
(3274), which had
merged June 17, 1961, under charter and title of the
latter bank (3274). The merged bank at date of
merger had
____--_._.
See footnotes a t end of table.

644037—62

a




Undivided
profits

Total
assets

$110,000

$142,311

$3,953, 953

1, 562, 500 2, 000,000

1, 504,079

67, 713,244

1,656,250

2,110,000

1, 592,640

71, 542,197

300, 000

700,000

242, 545

15, 581,208

$40,000

6, 282,870 13, 717,130

3, 032, 520 402, 561,280

6, 597, 870 13, 717,130
220,000
220,000

3,960, 064 417,914,996
236,347
9,484,260

2, 057, 000

3, 624, 000

1, 619, 964 93,604,470

2,321, 000

3, 800, 000

1, 840, 543 103,075,925

100,000

250, 000

162, 398

7,497, 743

2, 688, 000

5,400,000

1,896,013

118,892, 002

2,838,000

5, 650, 000 2,008,410

126,356,323

236, 905

129, 902

6,115,811

1, 482, 825 2, 980, 270

863,919

58,455,266

1,482, 825
40,000

3,217,175
30, 000

168,821
39,362

64, 573,106
1, 065, 625

200,000

500, 000

200,000
25, 000

500, 000
60, 000

278,071
51, 665

10,329, 558
1,188, 641

300, 000

500,000

394, 290

13,375,385

337, 500

560, 000

433,455

14, 564,026

125, 000

300,000

145,157

5,308, 598

1, 050,391

2,450, 000

576, 250

48, 218,110

1,206, 641
200,000

2, 793,360
500,000

646, 798
585, 784

53, 526, 708
13,309, 579

100, 000

200,000

231,162

5, 743,168

300, 000

9,263,933

3, 279, 000 10, 721, 000

1, 565,160 146, 257,842

3, 629, 000 11,371, 000
20, 000
30,000

2,218, 006 163,953,296
364,883
3,375

100,000

125, 000

181,098

4,473, 762

113, 500
40, 000

161, 650
36, 500

184,473
15,374

4,838, 795
643, 056

150, 000

350, 000

182, 635

190,000

386, 500

198,009

10,336.4^8

110

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, 1961, under sees. 4 and 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock

Surplus

Nanty Qlo State Bank, Nanty Glo, Pa., with
$25,000
$175,000
and United States National Bank in Johnstown, Pa.
(13781), which had
_
•
900,000 2, 600,000
merged June 17, 1961, under charter and title of the
latter bank (13781). The merged bank at date of
980,000 3,020,000
merger had
Bank of San Rafael, San Rafael, Calif., with 2
1,750,000
573, 500
First National Bank in San Rafael, Calif., (12640),
with
1,750,000 1,053,522
and Crocker-Anglo National Bank, San Francisco,
Calif. (1741), which had
53,066,250 53,066,250
merged June 23, 1961, under charter and title of the
last-named bank (1741). The merged bank at date
56,566,250 56,566,250
of merger had
1
50,000
50,000
Bank of Carolina Beach, Carolina Beach, N.C., with..
and First National Bank of Jacksonville, N.C.
300,000
600,000
(14676), which had
merged July 22, 1961, under charter and title of the
latter bank (14676). The merged bank at date of
325,000
675,000
merger had
The Citizens-Waynesboro Bank and Trust Company,
200,000
450,000
Waynesboro, Va.3, with
and The Peoples National Bank of Charlottesville,
2,413,355
4,586,645
Va. (2594), which had
merged Aug. 2, 1961, under charter and title of the
latter bank (2594). The merged bank at date of
5,311,645
2,688,355
merger had
Fort Hill Bank and Trust Company, Clemson, S.C.,
100,000
85,000
with
and The First National Bank of South Carolina of
1,800,000 3,200,000
Columbia, S.C. (13720), which had
merged Aug. 4, 1961, under charter and title of the
latter bank (13720). The merged bank at date of
1,869,770 3,200,000
merger had
First National Bank of Myrtle Beach, S.C* (14698),
141, 500
165,000
with
_
and The South Carolina National Bank of Charles4,107,400 11,892,600
ton, S.C. (2044), which had
merged Aug. 26, 1961, under charter and title of the
latter bank (2044). The merged bank at date of
4,189,900 12,310,100
merger had
City National Bank and Trust Company of Chicago,
11,250,000 11,250,000
111. (13638), with
and Continental Illinois National Bank and Trust
100,000,000 175,000,000
Company of Chicago, 111. (13639), which had
merged Sept. 1, 1961, under charter and title of the
latter bank (13639). The merged bank at date of
115,750,000 186,250,000
merger had
The Commercial Trust and Savings Bank, Lynchburg,
100,000
150,000
Va., w i t h . . . . .
and The Lynchburg National Bank and Trust Com1,200,000 1,800,000
pany, Lynchburg, Va. (1522), which had
merged Oct. 13, 1961, under charter and title of the
latter bank (1522). The merged bank at date of
1,600,000 1,950,000
merger had
150,000
500,000
The First National Bank of Marion, N.C. (6095), with.
and First Union National Bank of North Carolina,
7,100,000 7,100,000
Charlotte, N.C. (9164), which had
merged Oct. 13, 1961, under charter and title of the
latter bank (9164). The merged bank at date of
7,512,500 7,487,500
merger had
200,000
200,000
Bank of Florence, Florence, S.C.s, with
and The Citizens and Southern National Bank of
South Carolina, Charleston, S.C. (14425), which
6,898,500
2,601,500
had
merged Oct. 14, 1961, under charter and title of the
latter bank (14425). The merged bank at date of
2,721,500
7,178,500
merger had
The Conneaut Banking and Trust Company, Con200,000
325,000
neaut, Ohio, with
and "The Northeastern Ohio National Bank of Ash687, 500
862,500
tabula, Ohio," Ashtabula, Ohio (5075), which had.
merged Oct. 31, 1961, under charter of the latter bank
(5075), and title "The Northeastern Ohio National
Bank of Ashtabula." The merged bank at date of
862, 500
687,500
merger had
See footnotes at end of table.




Undivided
profits

Total
assets

$134,231

$3,284,033

1, 547,640

54,868,882

1,381,871
362, 672

58,152,916
20, 571,324

630,501

43,892,228

25,781, 503 ,916,571,601
24.779.198
10,972

,977,791,421
944,844

54,693

8,176,413

65, 665

9,121,257

245,888

10,965,658

2, 748,693

89,888,122

2,644,582

100,428, 780

42,607

2,485,528

630,307

77,834,019

759,973

80,315,700

53,322

7,356,953

3,509,978

265,703,819

3,384,654

273,060,772

9,070,629 380,193,920
29,892,430 2,869,753,825
34,463,059 3,248,306,844
69,802

2,092,088

842,025

43,708,949

611,827
117,492

45,590,245
7, 532,618

2,842,606

212,854,970

2,810,098
27,452

219,211,417
3,803,982

1,323,185

143,277,237

1,350,638

147,081,219

115,658

8,432,365

395,118

20,214,588

260,776

28,671,953

REPORT OF THE COMPTROLLER OF THE CURRENCY

111

TABLE N O . 1O.;—Mergers of national banks, or national and State banks, during
the year ended Dec. 81, 1961, under sees. 4 o,nd 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
The Chatham Bank, Siler City, N.C.«, with
and First Union National Bank of North Carolina,
Charlotte, N.C. (9164), which had
merged Nov. 10, 1961, under charter and title of the
latter bank (9164). The merged bank at date of
merger had
First National Bank in Highland Falls, N.Y. (13567),
with
and The First National Bank of Poughkeepsie, N.Y.
(465), which had
__..
merged Nov. 10,1961, under charter of the latter bank
(465), and title "Marine Midland National Bank
of Southeastern New York," Poughkeepsie. The
merged bank at date of merger had
The First National Bank of Everett, Wash.? (4686),
with
and Seattle-First National Bank, Seattle, Wash.
(11280), which had
merged Nov. 16, 1961, under charter and title of the
latter bank (11280). The merged bank at date of
merger had
The First National Bank of St. Johnsbury, Vt. (489),
with
and The Howard National Bank and Trust Company of Burlington, Vt. (1698), which had
merged Nov. 30, 1961, under charter and title of the
latter bank (1698). The merged bank at date of
merger had
Milan State Bank, Milan, Mich., with
and National Bank and Trust Company, Ann Arbor,
Mich. (14933), which had_
__
merged Dec. 2, 1961, under charter and title of the
latter bank (14933). The merged bank at date of
merger had
i
The Quarryville National Bank, Quarryville, Pa.
(3067), with
_
and The Lancaster County National Bank, Lancaster,
Pa. (683), which had
merged Dec. 29, 1961, under charter and title of the
latter bank (683), The merged bank at date of
merger had
-Petersburg Savings8 and American Trust Company,
Petersburg, Va. , with
and First and Merchants National Bank of Richmond,
Va. (1111), which had
merged Dec. 30, 1961, under charter and title of the
latter bank (1111). The merged bank at date of
merger had

Surplus

Undivided
profits

Total

$200,000

$550,000

$209,158

$13,674,564

7,512,500

7,487, 500

2,957,329

216,023,703

7,937, 500

8,062,500

2,916,487

227,118,096

450,000

450,000

47,302

16,122,791

1,004,000

1,996,000

1,342,891

65,959,333

81,701,802

1,600,000

2,400,000

1,290,193

2,000,000

2,000,000

3,015,011

74,071,412

25,000,000

35,000,000

24,921,912

1,099,893,284

27,400,000

37,000,000

27,683,801 1,174,228,944

150,000

150,000

121,988

3,311, 779

1,400,000

1,275,000

891,025

41,133,829

1, 582, 500
150,000

1,425,000
200,000

980, 513
53,309

44,288,409
6,493,975

1,200,000

2,300,000

1, 287,333

53,411,855

1,350,000

2,500,000

1,340,642

59,905,830

60,000

500,000

127,323

6,490,666

1,000,000

2, 750,000

984,939

44,204,735

1,180,000

3,250,000

969,673

50,695,401

475,000

867,500

473,042

22, 746,122

6,192, 500

9,307,500

7,442,162

284,452,664

6,984,200

13,015,800

4,557,703

304,061,809

* With 1 branch at North Syracuse.
2 With 1 local branch and 1 branch each at Novato, Belvedere, Kentfield, Petaluma, Corte Madre, Mill
Valley, and San Anselmo.
3
With 1 local branch.
« With 2 local branches,
s With 1 local branch.
e With 1 branch each at Goldston and Liberty.
7
With 2 local branches and 1 branch each in Snohomish, Monroe, Town of Sultan, Lynwood, and Marysville.
s With 2 local branches and 2 branches each in Colonial Heights and Hopewell.




112

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961

Charter
No.

Title and location of bank

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

3185
14569
8765
13414
13097
14160

The First National Bank of Birmingham.
Birmingham Trust National Bank, Birmingham
The Henderson National Bank of Huntsville
The American National Bank & Trust Company of Mobile.
The Merchants National Bank of Mobile
First National Bank in Tuscumbia

12072
14691

The First National Bank of AnchorageCity National Bank of Anchorage

3728
14324

First National Bank of Arizona, Phoenix, Arizona.
The Valley National Bank of Arizona, Pheonix 1-._

14493
7240
13958
14818
14056
14941

First National Bank, Batesville
The Merchants National Bank of Fort Smith...
Union National Bank of Little Rock
American National Bank of North Little Rock.
National Bank of Commerce of Pine Bluff
First National Bank of Warren

ARKANSAS

CALIFORNIA

9655
1741
2158
13178

Community National Bank of Kern County, Button willow..._
Valley First National Bank, Cupertino
Citizens National Bank, Los Angeles
Security First National Bank, Los Angeles
Central Valley National Bank, Oakland
The First National Bank of Ontario
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.
The Bank of California, National Association, San Francisco..
Crocker-Anglo National Bank, San Francisco
The First National Bank of San Jose
The First National Bank of Vista

335
1184
227
1193
4
14588

The Connecticut National Bank, Bridgeport
The New Britain National Bank, New Britain
The Second National Bank of New Haven
Litchfield County National Bank, New Milford
The National Bank & Trust Company of Fairfield County, Stamford.
First National Bank of Windsor Locks

14670
14725
5927
2491
3050
10391
13044

CONNECTICUT

DISTRICT OF COLUMBIA

2038

2

The First National Bank of Washington
GEORGIA

1559
4944
4012
8477
13068
4429

The First National Bank of Atlanta
The First National Bank of Brunswick
The First National Bank of Cartersville
The Manufacturers National Bank of Newnan
The Citizens and Southern National Bank, Savannah.
The First National Bank of Valdosta
HAWAII

5550

First National Bank of Hawaii, Honolulu
IDAHO

14444

First Security Bank of Idaho, National Association, Boise-

See footnotes at end of table.




Other
than
local

Total

REPORT OF THE COMPTROLLER OF THE CURRENCY

113

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1961—Continued
Branches authorized
under act of Feb. 25,
1927, as amended

Charter
No.

Title and location of bank
Local

111
13729
9381
13542
14047
7946
13987

The Bedford National Bank, Bedford
The Citizens National Bank of Bedford
Citizens First National Bank of Bloomington
The First National Bank in Huntington
The Indiana National Bank of Indianapolis
Merchants National Bank & Trust Company of Indianapolis..
The First National Bank of Madison
Marion National Bank of Marion
The Merchants National Bank of Michigan City
The Posey County National Bank, Mount Vernon
The Union National Bank of New Albany
The Shelby National Bank of Shelbyville
The National Bank and Trust Company of South Bend

10139
3105

The Toy National Bank of Sioux City.
The First National Bank of Waverly_.

3175
13406
4008
12490

The
The
The
The

718
2560
8439
13651
906
14320
7490
12961
7254

The First National Bank and Trust Company of Covington
The Farmers National Bank of Cynthiana
The Citizens National Bank of Glasgow
The New Farmers National Bank of Glasgow
First Security National Bank and Trust Company of Lexington..
Liberty National Bank and Trust Company of Louisville
Morganfield National Bank, Morganfield
The Peoples First National Bank & Trust Company of Paducah.
The First National Bank of Prestonsburg

14645
6858
14477
3595
13648

Bastrop National Bank, Bastrop
The State National Bank of New Iberia...
National American Bank of New Orleans..
The First National Bank of Shreveport
Commercial National Bank in Shreveport.

5187
5173
14398

Citizens National Bank of Fort Scott
Peoples National Bank of Liberal
Union National Bank of Manhattan
Fourth National Bank and Trust Company, Wichita
KENTUCKY

The Liberty National Bank in Ellsworth..
First-Manufacturers National Bank of Lewiston and Auburn,
Lewiston
13750 Norway National Bank, Norway
4128 First National Bank of Portland
14303
2260

MARYLAND

4634
1413
13745
1434
5445
3187
14937
1596

The First National Bank of Aberdeen
The First National Bank of Baltimore
Maryland National Bank, Baltimore 3
The Easton National Bank of Maryland, Easton
The Citizens National Bank of Havre de Grace
__.
The Montgomery County National Bank of Rock ville .
American National Bank of Silver Spring..
The Union National Bank of Westminster

See footnotes at end of table.




Other
than
local

Total

114

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961—Continued

Charter
No.

Title and location of bank

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

Other
than
local

Total

MASSACHUSETTS

200
1320
1203
6077
588
2770
14834
779
14798
308
2108
14850

The First National Bank of Boston
The Falmouth National Bank, Falmouth
_
The National Mahaiwe Bank of Great Barrington
Union National Bank of Lowell
The First National Bank of Maiden
First National Bank of Marlboro, Marlborough
First National Bank of Natick.,
,
The Plymouth National Bank, Plymouth
South Shore National Bank of Quincy
_
The Third National of Bampden County, Springfield 4 .
The Union Market National Bank of Watertown
Worcester County National Bank, Worcester

14933
14185
14925
14948
13671
14934
13741
191
13820
12697
13753
13739
2550
14773
3378

National Bank and Trust Company of Ann Arbor
Security National Bank of Battle Creek.
_..
City National Bank of Detriot..
Michigan Bank, National Association, Detroit
National Bank of Detroit
The Empire National Bank of Traverse City *
The National Bank of Jackson
The First National Bank and Trust Company of Kalaniazoo
The American National Bank and Trust Company of Kalamazoo..
The Dart National Bank of Mason
First National Bank of Niles
_
Community National Bank of Pontiac
__
_.
The First National Bank of Quincy
National Bank of Royal Oak
_
_.
Clinton National Bank and Trust Company, St. Johns
__.

10738
10523
11898
13551
7266

First-Columbus National Bank, Columbus
First National Bank of Jackson
_
The Commercial National Bank and Trust Company of LaurelFirst National Bank in Meridian
_
The Citizens National Bank of Meridian
___.

13936
260
4939
8011

The
The
The
The

2746
13582
209
13425

The First National Bank of Falls City
The DeLay First National Bank of Norfolk..
First National Bank of Omaha
The American National Bank of Sidney

MICHIGAN

MISSISSIPPI

City National Bank and Trust Company of Kansas City.
First National Bank of Saint Charles. St. Charles
First National Bank of St. Joseph
First National Bank of Wellston
NEBRASKA

NEVADA

First National Bank of Nevada, Reno, NevadaSee footnotes at end of table.




5
1
1
11
1
2

REPORT OF THE COMPTROLLER OF THE CURRENCY

115

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1961—Continued

Charter
No.

Title and location of bank

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

Local

NEW JERSEY

13363
8800
3866
1222
1209
8394
4365
892
14457
12271
1316
3697
329
5981
5556
5712
9542
13173
14378

First Merchants National Bank, Asbury Park...
The Boardwalk National Bank of Atlantic City
The First National Bank of Somerset County, Bound Brook
Mechanics National Bank of Burlington
First Camden National Bank and Trust Company, Camden
Closter National Bank and Trust Company, Closter
Citizens National Bank of Englewood
The Hunterdon County National Bank of Flemington
Haddonfield National Bank, Haddonfield
Broad National Bank, Newark
The National Newark and Essex Banking Company of Newark..
The Peoples National Bank of New Brunswick..
First National Bank of Passaic County, Paterson
The First National Bank and Trust Company of Paulsboro
The Second National Bank of Phillipsburg
_
The Ocean County National Bank of Point Pleasant Beach
The First National Bank of West Orange
The First National Bank of Whippany
Woodbridge National Bank, Woodbridge

13814
12485
6597

First National Bank in Albuquerque
Albuquerque National Bank, Albuquerque.
The First National Bank of Belen

1301
8531
11854
12746
3312

The National Commercial Bank and Trust Company of Albany
The St. Lawrence County National Bank of Canton, N.Y
Peninsula National Bank of Cedarhurst
Northern Westchester National Bank, Chappaqua
The Fulton County National Bank and Trust Company of Gloversville.
The National Bank of Orange and Ulster Counties, Goshen
The Long Island National Bank of Hicksville
Security National Bank of Long Island, Huntington
First National Bank and Trust Company of Ithaca
The Farmers National Bank of Malone
The Franklin National Bank of Long Island, Mineola
Nanuet National Bank, Nanuet—
First Westchester National Bank of New Rochelle
The First National City Bank of New York
First National City Trust Company, New York
•_.._.
Grace National Bank of New York
The Meadow Brook National Bank, Springfield Gardens, New York
Tappan Zee National Bank of Nyack
The Oceanside National Bank, Oceanside
The Farmers and Manufacturers National Bank of Poughkeepsie
Marine Midland National Bank of Southeastern New York, Poughkeepsie—
The Saugerties National Bank and Trust Company, Saugerties
The Eastern National Bank of Long Island, Smithtown
The South Fallsburg National Bank, South Fallsburg
The First National Bank of Spring Valley
The Merchants National Bank & Trust Company of Syracuse
The Manufacturers National Bank of Troy__
The Union National Bank of Troy

NEW MEXICO

NEW YORK

11087
6587
222
598
12997
13314
13955
1461
14853
12553
7703
14734
12458
1312
465
1040
14763
11809
5390
1342
721

See footnotes at end of table.




Other
than
local

Total

116

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec, $1, 1961—Continued

Gharter

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

Title and location of bank

No.

Local

Other
than
local

Total

NEW YORK—continued
11881
10155
10525
9405

The Oneida National Bank and Trust Company of Central New York,
Utica
_
_
„
—
Valley National Bank of Long Island, Valley Stream
The Valley National Bank, Wallkill
National Bank of Westchester, White Plains
Essex County-Cham plain National Bank, Willsboro

9164
13761
4597
14676
10610
10608
6776

First Union National Bank of North Carolina, Charlotte
_
North Carolina National Bank, Charlotte
First National Bank of Catawba County, Hickory___ ._ _
First National Bank of Jacksonville
Southern National Bank of Lumberton _.
_
The Planters National Bank & Trust Company of Rocky Mount
The First National Bank of Shelby

14579
975
5075
443
3274
13905
786
14761
7745
6892
6372
1788
10
2604
243
2831
56
829
98
14290
7638
9179
11275
13832
7781
7795
14586
3157
2575

First National Bank of Akron
The Farmers National Bank and Trust Company of Ashtabula
The Northeastern Ohio National Bank of Ashtabula _ _ _
_ _
Crawford County National Bank, Bucyrus
The Second National Bank of Bucyrus
_
- _
_
__
_
The Central National Bank at Cambridge
The National City Bank of Cleveland
.
Society National Bank of Cleveland
The Huntington National Bank of Columbus
First National Bank of Coshocton
The First National Bank of Dalton
The Merchants National Bank and Trust Company of Dayton
_
The Third National Bank and Trust Company of Dayton. _ _
The Winters National Bank and Trust Company of Dayton
The First National Bank of Delaware
The First National Bank of Fostoria
The First National Bank and Trust Company of Hamilton
_.
The Second National Bank of Hamilton
The First National Bank of Ironton
The Lorain National Bank, Lorain
_
The First-Knox National Bank of Mount Vernon
The Park National Bank of Newark
The Citizens National Bank of Norwalk _
The National Bank of Portsmouth
The Security Central National Bank of Portsmouth
The Commercial National Bank of Tiffin.. _
_
The National Bank of Toledo
The First National Bank of Wapakoneta
The Citizens First National Bank of Xenia

12591
13018
14315
9964
5347
6159

The First National Bank and Trust Company of Ada— _
_
The Durant National Bank & Trust Company, Durant
The Security National Bank of Enid
_
The City National Bank of Guymon
The Stiliwater National Bank, Stillwater
The First National Bank of Yukon

1392

3
1
3
1

1
3
1
4
1

7
4
1
2

9
4
2
2

2

2

1
1

NORTH CAROLINA
2
1

1

2
1

1
1
1

1
1
1

1
1

1
1

1
1

3

1
3

1

1
1

OHIO

1
1
1
4
1
1

1

1
1

1
1
1
2
1
1
1
1
1
1
1
1

1
1
5
1
2
1
1
1
1
2
1
1
1
1
1
1
1
I
1
1

OKLAHOMA

1
1
1

1
1
1
1
1

1
1
1

OREGON

The First National Bank of Oregon, PortlandThe United States National Bank of Portland
See footnotes at end of table.

1553
4514




-

o

1

9

3

4

REPORT OF THE COMPTROLLER OF THE CURRENCY

117

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961—Continued
Branches authorized
under act of Feb. 25,
1927, as amended

Charter
No.

Title and location of bank
Local

PENNSYLVANIA
6645
2137
593
12526
5084
870
14051
13826
249
580
14098
13781
2526
9495
2222
392
9678
562
14274
539
6301
252
705
649
13803
12261
3632
1237
328
175
694

The Merchants National Bank of Allentown
The National Bank of Boyertown
The National Bank of Chambersburg
The Cheltenham National Bank, Cheltenham
The First National Bank of Ebensburg
The Marine National Bank of Erie
First National Bank of Export
The First National Bank of Freeport
The First National Bank of Mercer County, Greenvill°, Pa
The Harrisburg National Bank and Trust Company, Harrisburg 6--_
First National Bank in Indiana
United States National Bank in Johnstown
National Bank and Trust Company of Kennett Square
The Lancaster County National Bank, Lancastir
Lebanon Valley National Bank, Lebanon
The First National Bank of Leesport
Western Pennsylvania National Bank, McKeesport
The First National Bank of Mercer
The Peoples-Farmers National Bank, Mifflin, Pa
First National Bank of Lawrence County at New Castle
Oil City National Bank, Oil City
The Philadelphia National Bank, Philadelphia
Mellon National Bank and Trust Company, Pittsburgh
Pittsburgh National Bank, Pittsburgh
The Union National Bank of Pittsburgh
The Miners National Bank of Pottsville
First National Bank in Sharon
The Peoples National Bank of State College
The First-Stroudsburg National Bank, Stroudsburg
The First National Bank of Sunbury
The First National Bank of Wellsborough, Wellsboro
The First National Bank of Williamsport
National Bank & Trust Company of Central Pennsylvania, York
SOUTH CAROLINA

13720
10680
13918
9407

The South Carolina National Bank of Charleston
The Citizens and Southern National Bank of South Carolina, Charleston
The First National Bank of South Carolina of Columbia
The First National Bank of Holly Hill
First National Bank in Orangeburg
The Peoples National Bank of Rock Hill

1666
5263
10842
336
13681
13349
13103
14619
14822
8640
9629

The Cleveland National Bank, Cleveland
First-Citizens National Bank of Dyersburg
The First National Bank of Sullivan County, Kingsport..
The First National Bank of Memphis
National Bank of Commerce in Mem phis
Union Planters National Bank of Memphis
Third National Bank in Nashville
First National Bank of Pulaski
The First National Bank of Rogersville
The Farmers National Bank of Winchester
Old & Third National Bank of Union City

2044
14425

TENNESSEE

UTAH
2597

First Security Bank of Utah, National Association, Ogden.

1698

The Howard National Bank and Trust Company of Burlington,
otnotes at end of table,

VERMONT




Other
than
local

Total

118

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961—Continued

Charter
No.

Title and location of bank

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

Local

Other
than
local

208

365

Total

VIRGINIA

4635
1111
2737
1824
14824
6084

Alexandria National Bank, Alexandria
Old Dominion National Bank of Fairfax County, Annandale
The Peoples National Bank of Charlottesville
The First National Bank of Danville
American National Bank & Trust Company of Danville
The National Bank of Fairfax
The Lynchburg National Bank and Trust Company, Lynchburg
The Peoples National Bank of Manassas
The First National Bank of Martinsville and Henry County, Martinsville
First National Bank of Newport News
First and Merchants National Bank of Richmond
The First National Exchange Bank of Roanoke
The Farmers National Bank of Salem
Fairfax County National Bank, Seven Corners
Farmers and Merchants National Bank, Winchester

14335

Virgin Islands National Bank, St. Thomas

4375
14394
11280
4668
3417
12292
14502

The National Bank of Commerce 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
Guaranty National Bank of White Center

13645

The American National Bank and Trust Company of Eau Claire

7093
14893
2594
1985
9343
6389
1522
6748
7206

VIRGIN ISLANDS

WASHINGTON

WISCONSIN

Total (305 banks)
1 Formerly "The Valley National Bank of Phoenix."
One branch also authorized for 1 nonnational bank in the District of Columbia,
s Formerly "Baltimore National Bank".
* Formerly "Third National Bank and Trust Company of Springfield".
s Formerly "The Empire National Bank, Empire".
« Formerly "The Harrisburg National Bank".
2




1
573

119

REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO,

12.—Number of domestic branches of national banks closed during the
year ended Dec. 81, 1961
Branches closed

Charter
No.

Title and location of bank

Local

Other
than
local

Total

ALABAMA
3185

The

First National Bank of Birmingham

1

1

CALIFORNIA
14670
2491
10391
13044
1741

C o m m u n i t y N a t i o n a l B a n k of K e r n C o u n t y , Buttonwillow
Security-First N a t i o n a l B a n k , Los Angeles _ _ _ _ _ _ _ _ _ _ _ _ _ _
T h e U n i t e d States N a t i o n a l B a n k of San Diego
B a n k of America N a t i o n a l T r u s t a n d Savings Association, San
Francisco
__ _ ___
__ _
Crocker-Anglo N a t i o n a l B a n k , San Francisco
_ _

1
1

1
1
2
1

3

1

3

2

INDIANA
13759

American Fletcher National Bank and Trust Company, Indianapolis.

1

MAINE
4128

First National Bank of Portland

_ _

_ ..

1

MARYLAND
1413
13745

T h e F i r s t N a t i o n a l B a n k of Baltimore
Baltimore N a t i o n a l B a n k , Baltimore

615
11388

Rockland-Atlas National Bank of Boston __ _
The Peoples National Bank of Southbridge

13671
14032
3378

National Bank of Detroit
Michigan National Bank, Lansing
Clinton National Bank and Trust Company, St. Johns

___-.

_

___

1
1

1
1

MASSACHUSETTS
6

1

MICHIGAN

NEW
3404

The

1
1
2

2

HAMPSHIRE
1

Citizens National Bank of Newport
NEW

12891
10224
12771
329
13174

1
1

6
1

1

1
1

2
1
1
1

JERSEY

Allenhurst National Bank and Trust Company, Allenhurst. _
The First National Bank of Bradley Beach . _
.
Broad National Bank, Newark
First National Bank of Passaic County, Patfrson
Plainfield Trust State National Bank, Plainfield _
NEW

1
1

1

1

1

YORK

9019
1461
14853

The National Bank of Fredonia
The First National City Bank of New York
First National City Trust Company, New York.__ _ _ .
_

14697
9164
13761
14433
10608

The University National Bank of Chapel Hill
First Union National Bank of North Carolina, Charlotte
North Carolina National Bank, Charlotte ___ -_
Commercial National Bank of Kinston
The Planters National Bank & Trust Company of Rocky Mount

1

1
1

1
1
1

NORTH CAROLINA

1
1
2
1

3
2

1
1
3
4
1

OHIO
5425
12169

The Liberty National Bank of Ada

._

OKLAHOMA
T h e First N a t i o n a l B a n k of B e t h a n y

_ __ __

1
___

1

____

1
1

PENNSYLVANIA
14274
2018
14425

The

1

1
1

1

Oil City National Bank Oil City
The National Bank and Trust Company of Spring City

1

1

SOUTH CAROLINA

Citizens and Southern National Bank of South Carolina, Charleston
- -VIRGINIA

1558

Total (35 banks)




_

1

1

First National Trust and Savings Bank of Lynchburg
28

22

50

TABLE N O . 13.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 31, 1960 and 1961

o

[In thousands of dollars]
Loans and securities
Number of
banks

U.S.
Loans
Other
Governcounts, ment ob- bonds
including ligations— and
redis- direct and securities
counts
guaranand overteed
drafts

and dis-

Total

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

Deposits
Real
estate
assets

Total
assets

Capital

stock

Surplus,
profits

and

reserves

Total

Demand

Time
and

savings

1960

Banks with deposits o—
f
Less t h a n $500,000
$500,000 to $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 to $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

245
2,174
14
5,138
3,055
1,838
7,886
1,321
7,452
39
20,402
11,629
4,738
14,121
64
50, 797
26,214
19,845
66,985
172,305
268,498
341,127
488
676, 610
530,869 1,005,268
1,414 4,274,839 2,143,201 1, 600, 769
934, 752 1, 537,430
1,104 6,900,021 3, 496, 699 2, 468, 570
815 11,034, 585 5, 701, 532 3,942,188 1,390,865 2, 455,071
909, 769 1,858, 714
276 8,410,772 4, 483,300 3,017,703
909,701 2,007,077
135 8,028,874 4,359,077 2,760,096
150 26, 670, 918 16,240, 773 7,985,356 2,444, 789 8,488,859
31 41,472,906 26,887,061 10, 639,408 3,946,437 11,125,601

279
507
624
8,261
67,269
116,156
210,361
171,124
147,187
501,432
687,099

755
908
7,610
2,692
1,490
28,813
2,275
5,806
65,612
27,395
71,895
857,810
133,956
378,375
5,353,390
198,711
538,488
8,566,443
310, 466
768,829
13,729,337
245,681
533,949
10, 479,983
246,493
512, 633
10,225, 672
834,804 1,864,171
35,860,250
54,085,947 1,340,824 3,077,742

725
5,180
5,905
4,109
20,315
24,424
15,127
42,163
57,290
249,083
505, 570
754, 653
4,807,154 3,047,468 1, 759,686
7,749,012 4,689,166 3,059,846
12,440,179 7, 578,838 4,861,341
9,511, 698 6,000,934 3,510,764
9,279, 587 6,188,067 3,091,520
32,382,180 24,018, 747 8,363,433
47,898,769 32,657,606 15,241,163

4,530 107,545,862 63, 693, 668 32, 711, 723 11,140,471 28,674, 506 1, 910,299 139,260,867 3,342,850 7,755,488 124,910,851 84,754,054 40,156, 797

1961

Banks with deposits o—
f
Less than $500,000
$500,000 to $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 to $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




10
3,309
1,791
1,297
11,314
8,470
39
21,132
43, 789
22,108
17,818
55
602,251
242,462
303,002
435
1,378 4,226, 583 2,124,293 1,569,473
1,116 7,029,359 3. 555,336 2,494,329
862 11,804,073 6,091,859 4,171,234
286 8, 841,368 4, 651,266 3,158,315
144 8, 895, 925 4, 725,399 3,095,117
151 27, 085,289 16,278,444 8,137, 657
37 47,849,195 29, 543, 922 13,191, 506

221
1,741
7,691
1,348
3,863
12,489
151,828
56, 787
532,817
955,187
979, 694 1, 554,546
1, 540,980 2,552.412
1,031,787 1,907, 651
1,075,409 2,179,440
2,669,188 8,325,375
5,113, 767 13,430,085

66
219
443
8,250
68,352
120, 796
232,644
185,021
159, 552
509,181
817, 885

781
605
5,133
2,409
1,615
29,057
5,337
1,990
56,758
24,402
63,449
763,048
376,493
131, 899
5,256,226
196, 408
550, 466
8, 717,249
827,896
329,185
14, 621,078
259,966
564, 681
10,971,263
588,067
273, 500
11,293, 752
36,131,853
837,846 1,841,954
62,963,635 1,519,828 3,476, 529

4,513 116,402,273 67,308,734 36,087, 678 13,005,861 31,078,445 2,102, 409 150,809,052 3, 577,244

3,030
710
3,740
21,078
3,799
24,877
35, 729
13,443
49,172
220,248
451,782
672,030
4, 714,081 2,935,118 1,778,963
7,889, 287 4,741,880 3,147,407
13,247, 555 7,964,294 5,283,261
9, 959, 636 6,163, 743 3, 795, 893
10,218,341 6, 686, 521 3, 531,820
32, 743,728 23, 768,155 8, 975,573
55,988,170 37,194,129 18,794,041

8,298,062 135,510, 617 89,965,459 45,545,158

REPORT OF THE

COMPTROLLER OF THE

CURRENCY

121

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 19^2 to 1961

N umber
T
of banks

Banks with surplus Banks with surplus
equal to or exceeding
less than common
capital stock
common capital stock
Number

June 30, 1942..
Dec. 31, 1942..
June 30, 1943.
Dec. 31,1943..
June 30, 1944.
Dec. 30,1944..
June 30,1945.
Dec. 31, 1945.
June 29, 1946.
Dec. 31,1946..
June 30,1947.
Dec. 31, 1947.
June 30,1948.
Dec. 31, 1948.
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.
June 6,1957..
Dec. 31, 1957.
June 23,1958.
Dec. 31,1958.
June 10,1959.
Dec. 31,1959.
June 15,1960.
Dec. 31,1960.
June 30, 1961.
Dec. 30, 1961.




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
4,542
4,530
4,524
4,513

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
4,236
4,243
4,246
4,251

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
93.26
93.66
93.85
94.19

Number
2,992
2,882
2,791
2,612
2,466
2,282
2,075
L,843
L,700
L,482
1,381
L,238
L, 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
306
287
278
262

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
6.74
6.34
6.15
5.81

122

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 15—Dates of reports of condition of national banks, 1914 to 1961
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p. 150]
Year

Jan.

Feb. Mar.

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
19581959
1960
1961

13

May

4

Apr.

June

Aug.

Sept.

Oct.

30

12

31

23
30

2
12

4
7

1
1

5

1

20

4
4

10
12

29
30

4

28
21

28

30

11
31
12
g

3
31
6
12

30
30
30
30

28
27
27
25

15

10

24

31
25
17

29
30
30
30
30

26

31
31
30
31

1

29
4
4

13

30
30
30
30
30
29
30

12
11
24

9

30
30
30
30
30

2

31
24

30

20
15
11
10

28

30
30

31

30
6

31
1
4
10
5
30

7
5
26
11
24

15
30

12

31
31
31
30
31
31
31

18

6
23
10

14
4
12
15

31
31
31
31
30

30

20

29

31
31
31
31

29
30

4
31
7
29

31

31
31

31
10
3
4

30

31
31
27

31
29
31
31

14

30
30
30
30

5
4

10
17
20
1
17

28

30
30
30
29

23

Nov. Dec.

6
15

30

5

10

_

July

27

6
3

31
30

31
31
31
31
31
31

31
31
31
31
30

NOTES

Act of Feb. 25, 1863, provided for reports of condition on the 1st of each quarter, before commencement
of business.
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 furnish and publish not less than 3 reports each year
of affiliates other than member banks, as of dates identical with those for which the Comptroller shall during such year require reports of condition of the bank. The report of each affiliate shall contain such information as in the judgment of the Comptroller shall be necessary to disclose fully the relations between
the affiliate and the bank and to enable the Comptroller to inform himself as to the effect of such relations
upon the affairs of the bank.
Sec. 21(a) of the Banking Act of 1933 provided, in part, that after June 16, 1934, it would be unlawful for
any private bank not under state supervision to continue the transaction of business unless it submitted
to periodic examination by the Comptroller of the Currency or the Federal Reserve bank of the district,
and made and published periodic reports of condition the same as required of national banks under 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




REPORT OF THE COMPTROLLER OF THE CURRENCY

123

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.)
Sec. 7(a)(3) of the Federal Deposit Insurance Act (Title 12, U.S.C., sec. 1817(a)) of July 14,1960, provides,
in part, that, effective Jan. 1, 1961, each insured national bank shall make to the Comptroller of the Currency 4 reports of condition annually upon dates to be selected by the Comptroller, the Chairman of the
Board of Governors of the Federal Reserve System, and the Chairman of the Board of Directors of the
Federal Deposit Insurance Corporation, or a majority thereof. 2 dates shall be selected within the semiannual period of January to June, inclusive, and 2 within the semiannual period of July to December, inclusive. Sec. 161 of Title 12 also provides that the Comptroller of the Currency may call for additional
reports of condition, in such form and containing such information as he may prescribe, on dates to be fixed
by him, and may call for special reports from any particular association whenever in his judgment the same
are necessary for use in the performance of his supervisory duties.




TABLE NO. 16
ASSETS AND LIABILITIES OF NATIONAL BANKS ON APRIL
12, JUNE 30, SEPTEMBER 27, AND DECEMBER 30, 1961, BY
STATES AND TERRITORIES

125

644637—62

9




REPORT OF THE COMPTROLLER OF THE CURRENCY

127

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961
ALABAMA
[In thousands of dollars]
Apr. 12,
1961
) 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 30,
1961
3 banks

Sept. 27,
1961

Dec. 30.
1961
69 banks

725,211
353,605

738,120
379,812

148,679
14,419

150,410
14,300

150,877
14,130

762,740
384,134
405
154,919
16,404

3,129
112,328
35,531

3,188
108,018
26,096

3,192
104,965
36,129

3,207
123,833
34,396

197,033
19,766
994

169,086
19,924
985

174,603
19,991
1,003

214,479
20,232

3,374
250
6,860

3,198
252
6,034

3,217
171
5,848

3,144
415
6,432

1,686,268

Total assets.

737,254
406,651

1,580,307

1,632,058

1,725,720

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
__
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
_
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. Acceptances executed by or for account of reporting
banks and outstanding.
__
_
Other liabilities
_
_
_
Total liabilities-

795,926

756,439

778,271

409,079
10
16,125
184,687
104,872
6,486
1,517,185
1,099,860
417,825

418,135
10
35,583
117,858
73,848
5,845
1,407,718
981,356
426,862

427,183
10
51,594
107,318
84,420
6,284
1,455,080
1,018,854
486,226

430,573
10
34,619
158,309
94,625
7,417
1,548,812
1,107,869
441,443

2,000

5,875

3,300

2,000

283
26,327

257
24,836

171
28,628

415
29,646

1,545,795

1,438,686

1,487,179

1,580,873

42,648
60,983
27,501
9,341

43,898
61,781
26,218
9,724

61,832
29,843

62,272
28,611
10,066

823,259

CAPITAL ACCOUNTS

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

140,473

141,621

144,879

144,847

1,686,268

1,580,307

1,632,058

1,725,720

260,363

242,645

250,101

232,917

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




128

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by Stales, at date of each call during year
ended Dec. 81, 1961—Continued
ALASKA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

7 banks

7 banks

Dec. 30,
1961
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
Other assets
Total assets.

77,379
51,469

83,415
54,289

84,240
57,453

84,117
59,012

8,660
7,353

8,966
4,926

9,558
5,606

9,424
6,664

267
7,953
6,621

267
5,426
5,443

269
12,101
7,947

291
5,220
6,767

16,041
3,353
528

15,655
3,379

16,499
3,485
514

13,290
3,483
323

944
293

939
398
183,589

1,005
541

1,573
312

199,218

190,476

76,520

77,793

80,819

79,351

43,894
20
17,299
27,259
866
1,726
167,684
92,880

47,010
20
16,882
37,405
1,100
1,825
185,061
102,502
82,559

47,458
20
16,079
30,406
887
1,934
176,185

74JH

45,489
20
17,881
25,651
1,263
2,085
170,182
98,881
76,851

497
1,205

497
1,3

197
1,450

195
1,621

169,286

172,070

186,708

177,951

4,918
3,474
2,759
424

4,918
3,525
2,666
410

4,918
3,525
3,657
410

5,150
4,075
2,890
410

11,575

11,519

12,510

12,525

180,861

183,589

199,218

190,476

42,474

43,927

42,082

42,252

180,861
LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
,
Time and savings deposits of individuals, partnerships,
and corporations..
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc.
_
Total deposits.
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate..
Rediscounts and other liabilities for borrowed money..
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

129

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
ARIZONA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

3 banks

3 banks

3 banks

3 banks

Total assets.

602,307
197,612
1,006
57,048
8,670

611,483
194,616
1,020
54,102
7,833

658,938
197,084
1,028
44,746
6,851

645,611
191,903
1,108
51,494
5,578

2,422
48,136
15,949

2,429
70,622
14,101

2,433
9,780
18,726

2,436
88,291
17,653

92,031
22,868
319

68,955
22,992
319

81,244
23,751

131,588
23,637
479

5,909
7,314

5,909
927
9,198

5,909
777
7,948

5,909
2,497
10,852

1,062,260

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
_
_

1,064,506

1,059,813

1,179,036

669

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
_
Demand deposits.
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities

483,330

474,250

550,015

323,721
27
17,607
112,350
14,959
13,614
965,608
615,526
850,082

340,978
27
17,428
91,077
14,598
16,505
954,863
586,489
868,374

356,056
27
18,789
112,092
13,594
23,380
1,073,953
690,585

500

400

24,055

927
21,104

111
27,347

2,497
24,608

986,559

987,639

983,487

1,101,458

22,435
41,365
9,382
2,519

Total liabilities

506,513
312,718
27
8,895
99,836
19,573
14,273
961,835
620,029
841,806

22,435
41,365
10,543
2,524

22,435
41,365
9,992
2,534

22,435
41,365
12,021
1,757

883,368

CAPITAL ACCOUNTS

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

__.

Total liabilities and capital accounts

75,701

76,867

76,326

77,578

1,062,260

1,064,506

1,059,813

1,179,036

175,007

197,554

187,207

192,698

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




130

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, 1961—Continued
ARKANSAS
[In thousands of dollars]
Apr. 12,
1961

Sept. 27,
1961

Dec. 30,
1961

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 30,
1961
56 banks

56 banks

56 banks

73,054
7,987

289,769
161,773
24
75,613
8,744

295,729
162,788
24
77,751
8,390

317,974
176,262
53
79,080
10,867

1,350
52,085
11,996

1,359
52,749
11,086

1,370
47,604
13,446

1,448
53,895
13.153

90,253
9,810
528

91,017
9,851
409

79,955
9,958
545

126,001
10.154

124

154
2
2,515

289,703
163,532

115
2,457

702,186

Total assets..

30
1,858

704,966

700,747

792,056

348,666

340,021

324,013

394,369

156,198
19

163,245
24
13,368
59,573
56,191
5,311
6S7,738
470,299
167,484

166,757
24
17,840
60,001
58,893
2,779

171,606
24
11,890
56,130
85,221
4,083
728,828
549,884
178,989

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
„
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
_
_
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits...
_
Mortgages or other liens on bank premises and other
real estate
_
_
Rediscounts and other liabilities for borrowed money-.
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities.-

53,400
65,641
3,299
685,611
475,964
159,647

630,807

460,429
169, 878

18
290

17

17

5,935

5,343

6,133

2
5,535

641,565

643,384

637,289

728,877

19,845
25,114
14,190
1,472

Total liabilities...

19

20,145
25,366
14,623
1,448

20,195
25,440
16,289
1,534

20,545
25,886
15,083
1,665

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

60,621

61,582

63,458

63,179

702,186

704,966

700,747

792,056

46,824

51,051

56,498

56,765

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

131

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
CALIFORNIA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30.
1961

40 banks

40 banks

40 banks

40 banks

ASSETS

10,318,001 10,136, 414 10,469,128
Loans and discounts (including overdrafts)
3,963,671
4,269,672
4,466,903
U.S. Government securities, direct obligations
6,438
6,709
6,789
Obligations guaranteed by U.S. Government
1,197, 485 1,263,006
1,361, 446
Obligations of States and political subdivisions
140,936
137,342
Other bonds, notes, and debentures
170,582
Corporate stocks, including stock of Federal Reserve
71, 822
bank
73, 656
73, 755
1, 606,923 1, 428, 637 1,486, 643
Reserve with Federal Reserve bank
178, 804
Currency and coin
135,152
188, 708
Balances with other banks, and cash items in process of
1, 610, 468 1, 529,637 1,306, 577
collection.
_
301,347
291, 555
Bank premises owned, furniture and fixtures
305, 630
1,702
Real estate owned other than bank premises
2,026
2,795
Investments and other assets indirectly representing
57, 539
bank premises or other real estate.._
___
_.
58,278
59,259
145,205
Customers' liability on acceptances outstanding
134,338
137,114
114, 588
Other assets
127,417
122, 674
Total assets

19, 705,461 19,603,307

20,158,003

10,628,794
4,541,640
7,906
1,483,079
163,225
78,580
1,657,996
178,928
1,917,566
310,780
3,391
62,053
107,337
126, 692
21,267,967

LIABILITIES

Demand deposits of individuals, partnerships, and
7,824,741
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
7,481 571,
Postal savings deposits
184
Deposits of U.S. Government
_.
138,936
Deposits of States and political subdivisions
1,488, 835
Deposits of banks
361, 274
Certified and officers' checks, etc
372,997
Total deposits
_. 17,668,538
Demand deposits
___
9,167, 905
Time deposits
8,500,633
Mortgages or other liens on bank premises and other
822
real estate
__
194,250
Rediscounts and other liabilities for borrowed money-.
Acceptances executed by or for account of reporting
banks and outstanding
_
146,228
Other liabilities
___
_
446,135
Total liabilities

_

_

7,331, 511

7,461, 871

8,058,832
7,775,209
184
184
411,302
394,852
1, 540, 595 1, 362,921
314. 930
355,236
353, 892
306,394
17,711,173 17,956,7W
8,821,305

9,067,708

8,181,358
8,165,731
184
407,013
1,714,098
373,854
470,007
19,812, %k5
10,009,081
9,303,164

8,000

641
274,950

623
13,100

135, 835
468,955

139,124
499,251

109,908
427, 622

_._. 18, 455,973 18,324,769

18, 870,706

19, 863,498

373,259
649, 697
256, 972
7,369

401,338
753,511
242,100
7,520

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
_

_
__

Total capital accounts..
Total liabilities and capital accounts

367,747
640,253
234, 523
6,965
1,249,488

372,124
647, 679
251,154
7,581
1,278, 538

1,287,297

19, 705, 461 19, 603,307 20,158,003

1, 404, 469
21,267,967

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




3,122,050

3,187,227

3,419,183

3,405,460

132

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, 1961—Continued
COLORADO
[In thousands of dollars]
Apr. 12,

Dec. 30,

1961

1961

78 banks

79 banks

80 banks

730,205
376,805

747,780
350,466
25
62,294
2,544

786,746
423,520
111
63,110
3,962

818,274
508,389
45
66,008
3,630

2,804
137,973
18,388

2,822
124, 770
15,568

2,838
123,113
20,680

2,998
147,066
18,054

187,625
14,110
932

178,807
14.218
1,004

191,026
14, 655
1,123

232, 760
14,964
1,111

5,150
7,448

5,195
8,632

5,099
8,914

4,991
10,993

1,545,156

Total assets.

Sept. 27,

1961

78 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
Other assets
-

June 30,

1961

1,514,125

1,644,897

1,829,283

773,883

60,430

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
.__
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
___.
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities..

742,863

792,090

936,931

387,797
407,056
10
10
17,795
41,009
89,108
90,004
106,581
80,667
13,530
14,611
1,888,704 1, S76,220
973,088
934,527
415,616
MU 693

432,282
10
57,425
93,438
109,446
13,421
1,498,112
1,026,255
471,857

473,995
10
39,945
84, 738
119, 992
27,274
1,682,885
1,168,825
614,060

19,850
16,032

500
16,267

33
4,580
17,421

17,589

1,424,586

1,392,987

1,520,146

1, 700, 547

39,830
53,326
25,910
1,504

39,855
53,431
26,297
1,555

40,251
53,724
28,981
1,795

42,276
57,420
27,465
1,575

120,570

121,138

124,751

128,736

1,545,156

1,514,125

1,644,897

1,829.283

204,685

203,333

213,278

314,887

73

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus
Undivided profits—
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 T H E CURRENCY

133

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
CONNECTICUT
[In thousands of dollars]
Apr. 12,
1961

Total assets _

Sept. 27,
1961

Dec. 30,
1961

23 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 30,
1961
23 banks

22 banks

22 banks

615,951
233,290

645,110
224.258

678,623
223,152

119,363
4,687

119,108
4,798

116, 694
5,940

678,309
244,476
11
126,038
5,756

3,585
35,186
33,163

3,617
74,459
24, 525

3,627
49, 510
34, 468

3,766
86,053
33,544

115,633
22,962

124,110
24,291
723

114, 503
25,276
641

148, 524
25, 804
607

330

330
14
4,701

330
8
3,843

1,250,157

1,257,479

1,357,069

968
330
"~"3,~061
1,188,179

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
_..
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_..
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed m o n e y . .
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..

676,190

678,830

683, 968

770,800

271, 552

277, 805

285, 903

284, 834

13, 743
49, 660
24, 764
10,359
1,046,268
771,569
274,699

46, 614
56,876
23.231
13,345
1,096, 701
813,599
283,102

51, 313
55,124
22, 539
10,447
1,109,294
819,147
290,147

47, 781
44, 791
26,391
25,911
',200,508
910,960

111
1,000

203
2,500

203

203

40,261

48, 661

14
43,312

52,389

1,087,746

1,148,065

1,152,823

1,253,108

32,930
49,142
17, 522
839

33,490
49,944
17,804
854

33, 514
50,118
20,203
821

33,588
55,056
14,486
831

CAPITAL ACCOUNTS

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

100,433

102,092

104,656

1,188,179

1,250,157

1,257, 479

100,202

104,095

112,507

103, 961
1,357,0

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




109, 729

134

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, 1961—Continued
DELAWARE
[In thousands of dollars!
Apr. 12,
1961

Sept. 27,

Dec. 30,

1961

1961

1961

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 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
Other assets

June 30,
3 banks

3 banks

3 banks

4,405
2,763

4,620
2,714

516
232

508
226

508
226

4,578
2,909
1
513
216

23
625
243

23
492
187

24
687
289

24
522
220

351
151
4

409
148

436
156
4

536
148

9,125

Total assets.

4,275
2,705

9,161

9,664

9,667

3,631

3,508

3,822

3,764

4,458

4,646

4,722

4,853

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations.
Time and s win-js deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc....
Total deposits
Demand deposits
Time deposits
Rediscounts and other liabilities for borrowed moneyOther liabilities.

Total liabilities

35
63
35
8,204
3,731
4,473

39
8,274
3,613
4,661

64
8,727
'3,990
4,737

27
8,742
3,874
4,868

18

12

13

27

8,222

8,286

8,740

8,769

175
605
119
4

175
605
91
4

175
625
120
4

175
625
94
4

CAPITAL ACCOUNTS

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

903

875

924

9,125

9,161

9,664

9,667

186

186

186

186

MEMORANDUM

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




REPORT OP THE COMPTROLLER OF THE CURRENCY

135

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1961—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars!
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

4 banks

4 banks

4 banks

4 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
Other assets
_

424,392
273,726
100
35,376
4,523

425,913
278,302
100
34,284
4,049

440,917
281,809
100
32,653
5,011

1,680
85,888
17,057

1,680
80,404
12,987

1,770
70,334
15,988

1,770
86,423
16,222

80,733
16,882
267
2,585

85,515
16,792
265
2,468

76,982
16,934
217
2,635

109,141
16,462
233
2,399

947,074

Total assets.

421,238
291,274
100
24,814
4,556

938,228

927,508

993,140

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations.
_
_
Time and savings deposits of individuals, partnerships,
and corporations
__
Postal savings deposits
Deposits of U.S. Government...
Deposits of States and political subdivisions
Deposits of banks..
_
Certified and officers' checks, etc.
_
Total deposits
_
Demand deposits
_
_
Time deposits
Mortgages or other liens on bank premises and other
reil estate
—_
Rediscounts and other liabilities for borrowed money..
Other liabilities
_..
Total liabilities

590,880

565,246

555,847

607,314

198,338
479
16,542
93
50,452
8,622
865,4C6
658,351
207,055

202,494
479
30,484
129
46,408
10,701
855,941
644,244
211,697

201,637
479
31,285
107
46,747
7,712
848,814
681,729
212,085

211,892
479
28,787
166
48,977
11,538
909,158
688,010
221,148

2,500
8,745

10,915

10,720

11,339

876,651

866,856

854,534

920,492

19,597
35,584
12,382
2,860

19,597
35,582
13,298
2,895

19,597
38,583
11,112
3,682

19,597
38,833
10,488
3,730

70,423

71,372

CAPITAL ACCOUNTS

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

947,074

72,974
927,508

MEMORANDUM

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




55,331

52,491

49,578

136

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, 1961—Continued
FLORIDA
[In thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

120 banks

120 banks

121 banks

1,307,847
1,060,529

1,242,775
1,003,536

202,666
37,301

211,040
38,512

1,252,661
1,034,757
49
221,982
40,115

1,319,888
1,028,693
247
222,139
40,788

7,099
228,840
66,209

7,108
223,769
48,914

7,441
199,008
64,284

7,190
235,215
70,780

576,044
54,034
2,669

482,105
57,228
2,484

379,958
58,063
1,909

677,174
59,652
2,284

19,585
70
16,040

20,187
81
16,045

21,312
76
17,106

22,966
148
17,154

3,578,933

Total assets..

Sept. 27,
1961

120 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 30,
1961

3,353,784

3,298,721

3,704,318

1,731,558

1,576,022

1,532,899

1,678,359

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government.
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money,.
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities...

759,649
61
34,287
349,357

783,580
805,950
61
61
65,567
97,271
291,791
247,836
279,022
236,430
28,135
22,462
21,152
8,252,046 8,018,505 2,941,699
2f 886,428 2,136,002 2,052,021
882,503
889,578

819,409
61
63,821
367,810
404,059
30,180
8,863,699
2,464,031

159
1,255

159
10,200

130
23,300

130
6,650

95
49,715

46,939

87
50,130

171
48,307

3,303,270

3,075,885

3,015,246

3,418,957

200
101,806
102,006
123,385

200
101,933
102,183
124,957
39,138
11,671

200
102,107
102,807
125,894
43,460
11,814

200
104,181
104,881
133,746
37,164
10,070

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

11,438
275,663

277,899

283.475

285,361

3,578,933

3,353,784

3,298 721

t,704,318

729,656

704,969

723,488

786,782

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

137

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
GEORGIA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

53 banks

53 banks

53 banks

53 banks

ASSETS

Total assets.

879,705
352,174

83,566
17,665

891, 111
327,482
183
91, 668
19,361

92, 739
16,813

908,811
362,802
11
91,940
12,892

4,061
137,099
22,575

4,078
120,169
17,386

4,083
143,608
24, 448

4,087
147,041
23,651

232,513
32,171
640

218,578
32,675
609

212,479
32,800
562

276,754
32,909
577

1,993
4
4,802

2,693
11
5,529

2,693
32
5,583

2,700
40
5,286

1,763,783

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
_
_

1,731,533

1,767,719

1,869,501

899,791
326,903

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
___
_
Rediscounts and other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
banks and outstanding
_
Other liabilities
_
Total liabilities..

841,647

803,362

812,397

873,021

331,371
683
22,589
153,856
201,996
6,584
1,558,726
1,196,609
862,117

330,759
683
51,257
173,102
158.047
8.030
1,525,240
1,160,388
364,852

335, 646
683
63,138
155,910
193,660
4,965
1,566,399
1,191,465
374,934

333,514
683
52,016
153,196
247,308
13,170
1,672,908
1,299,055
373,853

10,000

13,750

15
2,825

15
275

4
39, 844

11

32
39,299

40

1,608,574

1,575,190

1,608,570

1,709, 690

42,418
78,557
19,479
14,755

42,418
78,987
19,759
15,179

42, 568
79,142
22,050
15,389

42,568
79,807
19,957
17,479

CAPITAL ACCOUNTS

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

155,209

156,343

159,149

159,811

1,763,783

1,731, 533

1,767, 719

1,869,501

265,745

297,388

292,229

295,964

MEMOEANDUM

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




138

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, 1961—Continued
HAWAII
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

2 banks

2 banks

2 banks

2 banks

Total assets .

169,360
81,231

164,643
85,293

172,179
86,357

165,276
89,629

17,692
2,361

19,286
2,360

19,103
2,360

19,559
2,360

612

8,358
5,841

612
21,032
4,423

612
2,785
5,960

612
18,772
6,468

22,886
6,073
77
45
3,363

36,682
6,142
77
34
6,253

22,061
6,327
77
84
4,163

31,512
5,952

317,899

Loans and discounts (including overdrafts)
*.
U.S. Government securities, direct obligations-Obligations guaranteed by U.S. Government
Obli'-ations of States and political subdivisions
Other bonds, notes, and debentures..Corporate stocks, including stock of Federal Reserve
bank
__.-_Reserve with Federal Reserve bank...
Currency and coin
Balances with other banks, and cash items in process of
collection
._.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Other assets

346,837

322,068

348,805

113,646

118,056

110,161

122,022

86,058
10
11,701
64,394
6,513
2,220
284,64*
146,988
187,604

91,990
10
20,547
67,002
9,132
5,578
812,815
171, 6S6
140,679

90,464
10
18,776
60,665
5,621
2,284
287,981
151,004
186,977

95,878
10
18,081
59,048
12,724
5,544
818,807
178,410
189,897

8,597

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
__
Time and savings deposits of individuals, partnerships,
and corporations
Postal savines denosits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Morte^es or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities
I
_

750
34
7,424

84
5,572

64
7,617

290,351

319,773

294,387

320,988

8.600
11, 799
4,973
2,176

Total liabilities..

45
5,764

8,600
11, 799
4,489
2,176

8,600
11,799
5,106
2,176

8,600
11,800
5,241
2,176

CAPITAL ACCOUNTS

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

27,548
._

27,064

27,681

27,817

317, 899

346,837

322,068

348,805

100,170

103,967

104,236

102,882

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

139

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1961—Continued
IDAHO
[In thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

10 banks

10 banks

10 banks

239,698
158,756
27
33,280
10

243,113
150,284
32
35,890
2,963

247,453
157,424
28
35,659
470

249, 756
165,502
35
39,232
470

847
33,748
6,149

877
34,474
6,014

893
32,767
7,399

34,004
7,127

31,028
8,393
24
728

29,076
8,363
35
2,321

29,861
8,634
22
2,586

39,944

512,688

513,442

523,196

548,082

229,761

208,831

230,433

234,897

178,384
11
3,763
52,243
2,173
3,948
470,283
290,736
179, 547

181,791
11
10,334
59,461
1,952
4,009
466,389
283, 435
182,954

181,390
11
19,118
40,480
2,462
3,598
477,492
294,939
182,553

185,583
11
8,910
66,495
2,734
5,745
504,375
317,629

5,901

5,000
5,556

2,000
6,358

6,557

476,184

476,945

485,850

510,932

12,475
14,757
6,654
2,618

Total assets..

Sept. 27,
1961

10 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
Other assets
_

June 30,
1961

13,475
14,772
6,133
2,117

13,475
15,272
6,531
2,068

13,525
15,295
6,192
2,138

20
2,262

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
__
Time and savings deposits of individuals, partnerships,
and corporations
__.
Postal savings deposits...
_
Deposits of U.S. Government..
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money-.
Other liabilities
Total liabilities

186J46

CAPITAL ACCOUNTS

Capital stock: Common stock..
Surplus
Undivided profits
Reserves

Total capital accounts
__
Total liabilities and capital accounts

_

36,504

36,497

37,346

37,150

512,688

513,442

523,196

548,082

111, 439

113,642

118,516

125,252

MEMORANDUM

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




140

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, 1961—Continued
ILLINOIS
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

399 banks

400 banks

401 banks

400 banks

ASSETS

Total assets

5,877, 979
3,212,946
444
1,022,654
171,369

5, 700, 901
3, 581,409
1,132
1,000, 765
189, 720

5,658,103
3, 820,652
1,241
1,058,457
252,988

6,066,578
3, 735,221
1,319
1,153, 559
237,267

28,435
1,065,429
115,720

28,603
1,151,713
102, 796

28, 930
1,101,366
123, 717

33,699
1,081,565
124,097

1,201,833
63,034
3,300

1,169,065
64,263
3,735

1,172,498
66,281
4,307

1, 902,236
68,032
5,065

5,054
50,513
60,863

4,996
57,222
59,151

5,296
57,195
63,666

4,777
77, 756
60,859

12,879, 573

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
_

13,115,471

13,414,697

14,552,030

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
___
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
Deposits of States and political subdivisions—
Deposits of banks
Certified and officers' checks, etc
Total deposits..
Demand deposits
Time deposits..
Mortgages or other liens on bank premises a n d other
real estate
Rediscounts a n d other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
banks a n d outstanding
Other liabilities
_

5,695,846

5, 733, 735

6,590,660

3,645,326
910
415,119
786,731
1,065,489
139,090
11,748,511
7,964,980
3, 783,531

3,674,401
918
508,377
756,016
1,153,466
103, 786
11,930,699
8,120,638
3, 810,061

3,809,672
910
400, 809
652,074
1,500,302
151,074
13,105,501
9,155,024
8,950,477

236
43,180

248
23,285

233
97, 240

454
36,300

50, 567
168,404

57,262
144,175

57, 586
162, 876

78,125
156,939

11, 755, 728

11,973,481

12,248,634

13,377,319

399,133
534,915
131,140
58,657

Total liabilities

6,063,874
3,498,737
914
134, 717
501,760
1,184,352
108, 987
11,493,341
7, 855,858,
3,637,483

400, 943
541,269
141,821
57,957

407, 884
545,657
154,005
58, 517

411,326
556,833
152,831
53, 721

CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
_
Undivided profits
Reserves
_

_

1,123,845

Total capital accounts
Total liabilities and capital accounts

_

1,141,990

1,166,063

1,174, 711

12,879,573

13,115,471

13,414,697

14, 552,030

1,050,130

1,314,425

1,315,587

1,330,991

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

141

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
INDIANA
[In thousands of dollars]
Apr. 12,
1961

June 30,

Sept. 27,
1961

Dec. 30,

1961

126 banks

126 banks

126 banks

126 banks

1,314,713
954,216
50
186,240
36,820

1,353,207
981,901
30
184,034
38,331

1,385,362
991,144
57
190, 231
41,815

1,431,024
1,020,322
51
195, 813
40,658

5,977
195, 711
61,098

6,000
222,917

6,068
198, 535
66,433

6,242
212,351
62,041

290,444
37,965
1,091

353,065
38,282
1,089

291,598
39, 758
1,476

41,363
1,418

60
24
14, 765

215
20
17,007

215
104
15,522

213
170
13,937

3.099,174

3.245, 959

3.228,318

3,493,641

1,407,703

1,

1,403,668

1,608, 729

894,931
985
26,819
283,473
132,392
20,589
2,766,892
1,831,610
935,382

912,872
985
75,638
387,838
125,830
27, 774
2,919,797
1,967,458
952,339

931,627
916
108, 936
283, 730
145, 555
16, 501
2,890,933
1,925,259
965,674

941,916
916
76,997
309,251
175,039
36,207
S, 149,055
2,176,420
973,635

75
6,800

75
1,950

4,600

24
60,803

20
58, 739

142
59, 852

374
19,185

2,834,594

2,980, 581

2,955, 527

3,218,614

25
67,949
67,974
129,926
57,682

25
68,359
68,384
130,993
56,698
9,303

69,647
69,647
131,304
62,319
9,521

70,474
70,474
136,620
58,810
9,123

1961

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 and savings deposits of individuals, partnerships,
and corporations.._
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
,___.
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Offier liabilities
_
Total liabilities.
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock...
Total capital stock
Surplus.
Undivided profits

—
_.
_

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

264,580

265,378

272, 791

275,027

3,099,174

3,245,959

3,228,318

3,493,641

235,781

224,468

262,803

253,143

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes

644637—62

-10




142

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, 1961—Continued
IOWA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

95 banks

95 banks

96 banks

97 banks

459,524
273,218

447,787
270,424

450,118
303,161

485,361
312,668

83,659
12,316

85,254
12,438

88,429
13,130

13,138

1,863
69,349
16,936

1,863
71,068
14,842

1,885
71,597
18,257

1,918
78,197
15,917

173,109
8,222
1,118

153,939
8,596
872

161,344
8,937
736

189,874
9,094
668

1,107
28
3,601

1,057
14
3,600

1,057
14
3,760

3,694

1,104,050

1,071,754

1,122,425

1,199,938

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.

1,137

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
_
Postal savings deposits
_
Deposits of U.S. Government
^_
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
__

494,476

486,458

498,100

561,961

253,974
58
17,195
92,661
138,371
10,128
1,006,8C8
750,873
256,490

261,542
51
26,313
64,285
127,011
6,686
972, 846
707,098
266,258

263,885
53
35,881
84,342
134,861
6,207
1,028,829
765,949
267,880

262,459
51
24,279
60,722
176,254
15,236
1,100,962
885,056
265,906
10

20
3,500

16

28
6,643

14
5,803

14
6,823

6,142

1,014,554

981,683

1,030,182

1,107,114

23,515
38,430
25,820
1,731

Total liabilities..

20
1,000

23,960
38,321
26,067
1,723

24,210

24,410
39,803
26,735
1,876

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

27,745
1,682

89,496

90,071

92,243

92,824

1,104,050

1,071,751

1,122,425

1,199,938

78,178

80,637

85,216

80,633

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

143

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1961—Continued
KANSAS
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

167 banks

166 banks

166 banks

167 banks

548,572
383,553
35
136,891
21,920

543,082
382,017
35
141,253
23,960

560,106
413,863
35
147,007
27,259

588,905
404,341
30
149,307
26,187

2,795
109,141
17, 862

2,830
117,272
16,441

2,852
101,912
19,967

2,847
122,500
18,62b

149,922
15,141
339

167,052
14,923
414

137,073
15,184
455

201,233
14,948
476

554
3,472

607
3,540

665
3,496

707
3,352

1,390,197

1,413, 426

1, 429,874

1,533,459

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.-Other assets
_
Total assets.
LIABILITIES

Demand deposits of individuals, partnerships, and
corporations.
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
.__
Certified and officers' checks, etc
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money _ _
Other liabilities
Total liabilities

652,810

682,136

722,134

250,015
37
35,220
242,600
92,224
6,716
1,279,622
1,002.758
276,864

261,361
47
50,580
195,169
88,729
7,520
1,285,542
992,980
292,562

262,919
37
31,732
250,702
115,042
9,516
1,892,082
1,097,848
294 %89

72
4,040
10, 542

72
585
9,856

72
5,000
11,183

35
2,539
10,529

1,268,041

1,290,135

1,301,797

1,405,185

33,721
57,413
29,203
1,819

Total Deposits...
Demand deposits
Time deposits

686,327
241,336
51
25,003
201,796
92,462
6,412
1,258,387
984,922

33,746
58,964
28,453
2,128

34,006
59,140
32, 666
2,265

34,391
61,084
30,411
2,388

CAPITAL ACCOUNTS

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

_

122,156

_.

123,291

128,077

1,390,197

1, 413, 426

1, 429, 874

287,241

283,775

302,568

128,274
1, 533, 459

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




322,411

144

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, 1961—Continued
KENTUCKY
[In thousands of dollars]
Apr. 12,

June 30,

Sept. 27,

Dec. 30,

1961

1961

1961

1961

87 banks

87 banks

86 banks

86 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

444,265
294,668

454,447
317,359

478,115
357,609

61,175
13,549

62,877
13,105

69,576
13, 734

2,3fi4
79,003
21,980

2,369
80,127
17,995

2,386
77,219
22,747

2,499
94,076
22,625

104,481
11,355
217

111, 997
11,188
207

97,203
11,960
573

176,393
11,796
621

875
77
3,149

1,144
67
2,799

1,209
118
3,561

1,198
146
3,264

1,042,774

Total assets ,

439,877
309,214
30
57,614
12,538

1,041,550

1,064,764

1,231, 652

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
_
Deposits of States and political subdivisions.
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits

Mortgages or other liens on bank premises and other
real estate.
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
T o t a l liabilities...

585,995

565,359

574,962

682,133

215,931
15
15,058
54,614
53,413
5,103
930,129
701,843
228f786

223,055
15
57,430
52,204
5,304
930,027
694,735
235,292

224,722
15
33,895
59,910
50.952
4,871
949,327
710,308
239,019

227,421
15
27,567
64,679
107,511
7,255
1,116,581
872,629
243,952

350

109
800

117

550
77
11,817

67
10, 751

118
10,918

146
10,908

942,573

941,195

961,272

1,127,752

27,790
49,297
21,497
1,617

27,804
49,624
21,250
1,677

27,804
49,624
24,255
1,809

27,804
53,869
20,104
2,123

CAPITAL ACCOUNTS

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

100,201

100,355

103,492

103,900

1,042,774

1,041,550

1,064,764

1,231,652

102,159

103,365

110,899

111,725

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

145

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
LOUISIANA
[In thousands of dollars]
Apr. 12,
1961

Sept. 27,
1961

Dec. 30,
1961

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 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 30,
1961
42 banks

42 banks

42 banks

833,678
595,080
552
141,615
10,285

592,211
359
140,415
10,192

4,134
147,514
30,267

4,139
149,243
24,266

4,226
137,737
32,670

4,275
163,624
29,995

25,661

275,758
25,727
249

221,016
25,995
418

350,123
25,074
418

2,158
2,830
8,940

2,161
1,664
14,079

2,263
1,405

2,248
1,783
10,075

2,027,893

Total assets.

821,328
587,589
358
136,375
18,064

2,078,496

2,040,064

2,225,593

950,579

921,055

926,087

1,028,659

900,593
589,284
359
138,844

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations.._
_
Postal savings deposits
__.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
_
Total deposits
Demand deposits
Time deposits

_

427,342
459,476
459, 799
31
46
51
27,181
48,364
57,711
207,122
244,223
199,831
200,995
189, 625
180,797
11,156
14,115
10,278
1,8*4,406 /, 876,904 1,884,554
1,858,889 1,871,062 1,822,212
466,017
505,842
512,842

Mortgages or other liens on bank premises and other
real estate
...
^
Rediscounts and other liabilities for borrowed money. _
12,000
Acceptances executed by or for account of reporting
2,968
banks and outstanding
,
18,029
Other liabilities
_
Total liabilities
1,857,411

452,507
51
48,467
219,707
254,767
17,054
2,021,212
1,529,294
491,918

8
7,490

1,976

61
2,400

1,848
19,513

1,476

1,926
25,274

1,905,763

1,864,446

2,050,873

42,891
94,057
35,400
385

43,290
95,205
36, 700
423

43,290
96,919
34,131
380

CAPITAL ACCOUNTS

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

,

Total liabilities and capital accounts

42,791
92,846
34,411
434
170,482

172,733

175,618

174,720

2,027,893

2,078,496

2,040,064

2,225,593

395,354

397,459

408,847

389,743

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




146

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, 1961—Continued
MAINE
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

23 banks

23 banks

23 banks

23 banks

ASSETS

192,810
74,568
11
20,865
6,071

202,324
72,959
5
23,289
5,112

208, 624
79,011
22,156
4,297

199,298
82, 755
5
19,443
4,344

769

19,017
7,825

781
15, 264
6,860

786
18,319
9,490

786
20,933
8,385

26,284
6,167
181

27,115
6,242
233

31,909
6,531
443

31,608
6,846
248

123
1,476

120
1,627

115
1,541

127
1,325

__.

355,167

361, 931

383, 222

376,103

Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits...
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_._.
_.
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Other liabilities
_
_

157,382

157,799

165,428

168,390

126, 404
7
4,909
10,717
9,297
1,932
810,648
183,059
127,589

127,229
7
8,125
13,144
8,526
2,003

128,096
7
13,825
18,017
10,030
1,819
SS7,222
207, 452
129, 770

127,034
7
8,134
13,556
9,514
2,091
S28, 726
200,126
128, 600

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
Other assets
Total assets
LIABILITIES

S16,8SS

188, 274
128,559
216
10,195

10, 219

11, 722

320, 890

327, 244

347, 449

340, 456

12,526
13,104
7,714
933

Total liabilities

216
10,026

12, 726
13,356
7,588
1,017

12, 786
13,396
8,464
1,127

12, 786
13, 414
8,311
1,136

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

34,277

34,687

35, 773

35,647

355,167

361, 931

383, 222

376,103

24,347

24,597

27,476

26,245

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

147

Assets and liabilities of national banks, by States, at date of each call during yea?'
ended Dec. 31, 1961—Continued
MARYLAND
[In thousands of dollars]
Apr. 12,
1961

Total assets..

Sept. 27,
1961

Dec. 30,

1961

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 30,

51 banks

51 banks

52 banks

1961

518,264
374,043

542,270
355, 741

573, 512
368, 911

624,928
411,054

82, 662
18, 569

84, 085
19,829

84, 725
20,124

87,128
22,308

2,569
90,718
24, 790

2,581
107,669
18,442

2,620
100,314
25,911

2,854
116, 070

130,181
15,038
1,458

133,467
15,060
1,366

139, 777
15, 772
1,355

168,060
19,039
947

358
1,192
5,565

358
1,151
4,475

353
1,144
5,722

353
1,228
5,345

1,286,494

1,340, 240

1, 486,200

1,265,407
LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
*
Time and savings deposits of individuals, partnerships,
and corporations
__
._
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
-__
Deposits of banks
_
Certified and officers' checks, e t c . .
Total deposits
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money- _
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities

612,033

595,653

619,121

716, 448

318,000

326,415

335, 229

383,254

56,389
113, 628
77,314
6,106
1,207, 787
852,280
S55,507

54, 778
104, 523
81,116
8,761
1,848,880
941, 958

24,240
91, 236
74,155
5,605
1,125,269
791166
SSI, 10S

59,042
106, 937
69,803
7,094
1,164,944
816, S53
848,591
1,300

7,350

1,192
14, 488

1,151
15,801

1,144
17,324

1,228
22, 677

1,161,449

Total liabilities

20, 500

1,183,196

1, 233, 605

1,372, 785

27, 599
56,901
16,316
5,819

29,361
63,399
14,491
6,164

CAPITAL ACCOUNTS

Capital stock: Common stock..
Surplus
Undivided profits
Reserves
_

27,224
56,108
14,122
6,504

Total capital accounts
Total liabilities and capital accounts

27,404
56, 434
13,801
5,659

103,958

___

103,298

106,635

113,415

1,265,407

1, 286,494

1,340, 240

1, 486, 200

. 210,411

230,295

237,953

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




148

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banksy by States} at date of each call during year
ended Dec. 31, 1961—Continued
MASSACHUSETTS
[In thousands of dollars]
Apr. 12,
1961

Dec. 30,

1961

1961

99 banks

99 banks

98 banks

2,186,186
837,601
589
222,511
16, 502

2,123,350
824,396
598
226,372
17, 743

2,211,181
950, 911
598
224,338
17,632

2,161,020
1,015,082
1,689
208, 440
14,151

13,260
343, 437
60,841

13, 371
327, 747
41, 741

13, 687
339,185
65,110

13, 528
431,155
60,094

412, 671
43,838

383,834
42, 650
827

376, 280
43, 050

532, 886
43,342
963

1,543
42, 537
21,028

423
66,706
19, 217

423
54, 789
22,422

404
65, 467
17,103

4,203,312

Total assets .

Sept. 27,

1961

101 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 Beserve
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 30,

4,088,975

4,320,474

4, 565,324

2,378,125

2, 239, 804

2,31i, 640

2, 486, 480

581,178
645
59,327
170,197
382, 961
36, 723
5, 609,156
3,000,115
609, 041

572, 801
643
148, 730
165, 606
335,003
39, 000
S, 501,587
2,901830
596, 757

607, 028
585
217, 570
176,096
361,950
38, 966
S, 717,835
3, 082,130
635, 705

611, 630
585
137,857
253,164
420,042
38, 574
S,948,SS'4
3, 306, 698
641, 634

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations-__
Postal savings deposits
Deposits of U.S. Government.
_
Deposits of States and political subdivisions
Deposits of b a n k s . . .
Certified and officers' checks, etc
Total deposits
Demand deposits...
Time deposits
_.
Mortgages or other liens on b a n k premises a n d other
real estate
_
Rediscounts a n d other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
b a n k s and outstanding
Other liabilities

Total liabilities.—.

11,900

300

13, 505

1,241

43, 479
115,185

67, 688
105, 555

55, 905
112, 989

65,959
126, 354

3, 779, 720

3,675,130

3, 900, 234

4,141,886

102,803
233,928
67,941
18,920

99, 778
237,427
58,162
18, 478

100,138
238, 639
62, 747
18, 716

106, 568
234,472
63, 284
19,114

CAPITAL ACCOUNTS

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

423,592

413,845

420,240

423, 438

4, 203,312

4,038, 975

4,320, 474

4, 565,324

309,486

309, 732

356,484

319, 718

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

149

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
MICHIGAN
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,

78 banks

78 banks

79 banks

79 banks

2,068,592
1,297,325
226
517,407
16,552

2,097,394
1,346,265
214
536,640
16,927

2, 284, 868
1,391,691
52
563,710
20,943

2,332,491
1,447,706
300
573,403
16,125

9,256
298 757
77,'468

9,276
383,410
61,182

9,557
363,870
88,238

9,774
366,760
80,288

354, 251
50, 385
2,675

393,345
50, 675
2,702

386,587
53,295
2,786

501, 621
53,982
3,241

8,952
3,754
23, 426

8,006
2,851
24,173

8,072
773
28,330

8,058
1,134
27,067

4,729,026

4,913,060

5, 202, 772

5,421,950

1961

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
1,936,439
Time and savings deposits of individuals, partnerships,
and corporations
1,659,219
Postal savines deposits
30
Deposits of U.S. Government
47, 985
Deposits of States and political subdivisions
351, 651
Deposits of banks
_
185, 643
Certified and officers' checks, etc
32,929
Total deposits
4,213, 896
Demand deposits
2, 386,168
Time deposits
1,827,728
Mortgages or other liens on bank premises and other
real estate
_
_
Rediscounts and other liabilities for borrowed money. _
64,936
Acceptances executed by or for account of reporting
3,754
banks and outstanding
Other liabilities
81, 061

Total liabilities.

1, 972,310

1,934,219

2,168,622

1,708, 614
30
204,579
360,422
180, 758
32,862
4, 459,575
2, 587,980
1, 871,595

1,916,908
30
216, 610
358,397
200, 609
36,126
4, 662, 899
2, 588, 593
2,074,306

1,964,850
30
198,880
349,159
223,146
42, 212
4, 946, 899
2, 827, 401
2,119,498

2,250

64,000

2,851
78, 944

773
91, 738

1,134
89, 642

4,363,647

4,543, 620

4, 819, 410

5,037, 698

105,988
105, 988
187, 640
64,311
7,440

106,288
106, 288
189,456
66,594
7,102

2,000
109,471
111,471

2,000
110,561
112, 561
197,589
66,181
7,921

23

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.

72,083
8,822

365,379

369,440

383,362

384, 252

4,729,026

4,913,060

5,202,772

5,421,950

379,883

431,204

509,328

479,398

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other pizrposes




150

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, 1961—Continued
MINNESOTA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

179 banks

179 banks

180 banks

180 banks

1,455,948
654,268
7
176,673
49,056

1,470,187
661,313
7
182,616
46,472

5,795
232,694

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
_
_

1, 518,251
735,271
25
185,544
47,835

1,488,801
729,249
46
192,602
66,116

5,874
232,017
25,967

5,894
250,250
33,459

6,173
279,002
28,258

356,213
33,534
923

368,006
34,261
1,129

354,848
35, 111
1,214

485,489
34,733
1,217

15,118
1,034
12,265

15,174
1,008
12,141

15,189
993
12,880

16,719
841
11,973

3,023,394

3,056,172

3,196,764

3,341,219

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
_
1,295,858
1,238,403 1,267,887
Time and savings deposits of individuals, partnerships,
and corporations
844,794
856,783
Postal savings deposits
58
68
Deposits of U.S. Government
95, 785
169,653
Deposits of States and political subdivisions
207,019
158, 590
Deposits of banks
_
_
309,384
392,155
Certified and officers' checks, etc
29,797
23,218
Total deposits
2,725,240 *, 868,354
Demand deposits
1,860,682 1,989,708
Time deposits.
_
878,646
864,708
Mortgages or other liens on bank premises and other
real estate
_
145
122
Rediscounts and other liabilities for borrowed money. _
26,045
12,400
5,375
Acceptances executed by or for account of reporting
banks and outstanding
993
1,034
1,008
Other liabilities
_
46,100
42,891
48,576
Total liabilities
2,765, 594 2,795,329 2,930,445

1,427,891
68
80,257
204,321
411,855
31,171
8,021,471
2,185,039
886,432
108
550
841
49,985
3,072,955

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
_
Reserves

,

„

Total capital accounts
Total liabilities and capital accounts

79,916
111, 837
61,236
4,811

80,672
113,632
61,730
4,809

80,947
114,062
66,445
4,865

257,800

260,843

266,319

3,023,394

3,056,172

3,196,764

468,960

465,649

553,439

81,157
123,220
58,812
5,075
268,264
t, 341,219

MEMORANDUM

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




525,726

REPORT OF THE COMPTROLLER OF THE CTJRRENCT

151

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
MISSISSIPPI
[la thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

27 banks

27 banks

27 banks

167,631
97,553

178,696

178,374
95,139

185,411
97,685

46,041
1,943

47,015
2,210

48,097
2,266

48,222
2,061

975
25,495

975
25,014
8,092

976
24,921
10,776

24,677
10,904

47,912
5,542
96

42,525
5,900
97

38,058
6,470
112

72,934
7,299
84

500

500

500
34
1,678

500
22
1,613

404,921

Total assets.

Sept. 27,
1961

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 30,
1961

406,547

407,401

178,082

171,460

172,194

197,297

92,490

97,645

99,548

101,201

6,353
56,623
32,289
1,326
867,163
270,817
96,846

9,813
57,423
25,686
1,272
868,299
262,478
100,821

12,670
53,487
24,498
956
863,858
260,428
102,925

9,216
59,494
44,053
2,466
418,727
808,985
104,792

5,000

4,200

3,479

3,604

34
3,960

22
3,782

370,642

371,903

371,547

417,531

23,507
1,489
420

8,875
23,617
1,812
340

8,875
23,617
2,798
564

9,239
24,862
495

34,279

34,644

35,854

34,864

404,921

406,547

407,401

452,395

85,009

76,980

84,019

83,289

1,537

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government..
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits..
_
Demand deposits.
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding.
_
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital 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
_




152

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, 1961—Continued
MISSOURI
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

77 banks

77 banks

77 banks

77 banks

1,068,423
552,726
8
131,717
9,514

1,045,927
570,429
370
141,729
12,185

1,081,763
568,957
140
138,383
14,689

1,120,689
656,849
164
145,368
21,363

4,809
211,824
22,639

4,834
219,242
21,655

4,845
210,812
25, 673

4,975
247,466
24,908

313,370
18,317
1,684

295,156
18,587
1,762

301,704
19,074
1,867

435,945
19,068
1,720

2,203
98
9,366

2,423
38
9,533

2,541
502
10,793

2,668
298
11,877

2,346,698

2,343,870

2,381, 743

2,693,358

1,184,600

1,135,082

1,140,482

1,265,230

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.
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
__
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks.
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits

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

429,133
457,502
477,453
28
28
23
75,586
83, 251
22,984
78, 526
61,244
72,786
355,987
376, 020
399,074
18,527
9,762
9,816
2,118,416 2,121, 238 2,148,240
1, 666,113 1, 637, 732 1, 648, 656
483,506
499, 584
452,303

490,712
28
65,463
143,155
480,302
18,118
2, 463,008
1,947,248
515,760

4,000

800

5,800

98
24, 773

38
22,087

502
23,131

298
23,838

2,147,287

2,144,163

2,177,673

2, 487,144

64,843
86,033
43,686
4,849

64,923
88,101
42,143
4,540

64,923
88,125
46,229
4,793

65,423
92,683
42,374
5,734

CAPITAL ACCOUNTS

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

199,411

199,707

204,070

206,214

2,346,698

2,343,870

2,381, 743

2,693,358
=

247,679

253,633

269,400

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




298, 747

REPORT OF THE COMPTROLLER OF THE CURRENCY

153

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
MONTANA
[In thousands of dollars]
Apr. 12,

June 30,
1961

Sept. 27,
1961

Dec. 30,

1961

43 banks

43 banks

43 banks

43 banks

195,85*
118,837

199,60i
112,61i

198,069
134,854

197,163
137,629

28,71
8,785

28,57!
8,751

29,61:
10,24:

33,421
11,281

70C
28,69i
5,782

70C
27,81.
5,395

25,71$
6,33:

701

701
29,316
6,158

37,153
7,559
402

38, 755
7,756
424

44,060
8,783
267

52,279
8,750
270

16
1
2,386

2,679

16
13
1,964

16
13
2,014

434,892

433,098

460,628

479,011

1961

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 0]
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 and savings deposits of individuals, partnerships,
and corporations
_
Postal savings deposits
_
Deposits of U.S. Government
___
Deposits of States and political subdivisions.
_„
Deposits of banks
Certified and officers' checks, e t c . . .
Total deposits
—
Demand deposits
Time deposits.
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..

207,008

195,550

215,986

221,672

133,257

136, 547

139,300

143,330

4,949
33,318
13,237
3,275

7,526
37,672
12,330
3,959

395,044
254, 359
140, 685

143, 712

11,946
30,847
14, 917
3,694
416, 690
270,704
145,886

436,840
286, 631
150,209

2,480

14
900

14
3,340

14
900

1
6,643

5
6,924

13
7,908

13
7,988

404,168

401,427

427,965

445,755

11,193
12,134
7,196
201

11,193
12,133
8,147
198

11,193
12,144
9,128
198

11,193
12,197
9,549
317

40,788
19,552
4,636

CAPITAL ACCOUNTS

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

30,724

31,671

32,663

33,256

434,892

433,098

460,628

479,011

70,760

69,519

77,371

76,088

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




154

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, 1961—Continued
NEBRASKA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

121 banks

121 banks

121 banks

121 banks

572,047
289,121

566,391
289,186
60

570,319
326, 531

617,358
313,472

10,981

84,469
15,296

87,626
15,199

2,237
102,430

2,241
106,004
12,026

2,411
109, 740
15,082

2,480
93,489
14,342

156,606
10,423

148,304
10,601
1,011

155,360
10,885

194,882
11,150
1,029

1,861
4,598

1,955
2
4,906

2,410

1,239,573

1,234,266

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..

77,751
8,414

1,114

~"5~159"
1,298,776

2,480

4,6
1,358,204

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
i
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc_
Total deposits
Demand deposits
Time deposits
_
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities

662.409

677,340

720,231

190,591
24
50,476
84,020
161, 620
5,029
1,169,100
976,850
198,750

197,322
24

1,118,929
955,730
168,199

173,205
32
36,859
84,467
140.410
7,382
1,104,764
928,740
176,024

84,857
174, 661
13,146
1,226,108
1,022,265
202,848

2,945

11,415

110
4,725

101
8,564

161,501
24
18,555
89,931
350,612
9,067

2

34,862

10,316

9,782

1,130,836

Total liabilities..

1,124,869

1,184,251

1,243,550

29,658
43,798
31,736
3,545

29,708

32,148
47,145
31,862
3,370

33,598
48,391
28,803
3,862

~8~962

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves.. . . . . . . . . . . — . . . . .

....

Total capital accounts
Total liabilities and capital accounts

44,256
32,110
3,323

108,737

109,397

114,525

114,654

1,239,573

1,234,266

1,298,776

1,358,204

187,167

187,987

211,540

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




155

REPORT OF THE COMPTROLLER OF THE CURRENCY

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
NEVADA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

3 banks

3 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 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
Other assets

176,805
77,933

171,841
91,546

174,827
84,956

29,180
1,556

32,382
7,046

37,915
13,132

41,348
11,631

642
20, 559
6,278

642
21,592
5,753

645
22,440
6,758

645
26,124
6,254

13,065
6,277
151

12, 770
6,874
150

18,465
7,053
139

9,901
7,586
45

263
1,451

269
1,908

274
1,848

336
2,304

334,337

Total assets..

168,860
86,055

344,124

372,056

365,957
•

'

.

,

=

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
Postal savings deposits
—
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks
—
Certified and officers' checks, etc___
Total deposits...
Demand deposits.
Time deposits...
Rediscounts and other liabilities for borrowed money-.
Other liabilities...
Total liabilities-

138,081

130,214

146,466

143,506

115,466

125,334

130,464

131,045

4,550
39,088
704
3,110
300,999
176,459
124,540

8,039
42,097
1,216
4,014
810,914
177,196
133,718

10,392
46,071
618
3,932
337,943
199,109
188,834

13,048
38, 572
1,573
3,600
831,344
19% 575
138,769

7,518

7,374

SOS, 517

318,288

9,725
11,675
4,369
51

9,775
11,725
4,285
51

8,116

8,042

339,386

CAPITAL ACCOUNTS

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

9,775
11,725
4,446
51

9,775
11,725
5,005
66

25,820

25,836

25,997

26, 571

334,337

341,124

372,056

365,957

64,225

65,434

72,314

66,805

MEMORANDUM

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




156

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, 1961—Continued
NEW HAMPSHIRE
[In thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

51 banks

51 banks

51 banks

164,254
73,537
3
17,486
995

167,357
73,106
3
20,561
1,088

170,931
82,734
22,320
2,315

175,880
85,106
12
16,239
2,417

733
17,350
8,491

738
15,434
6,826

739
22,367
9,603

748
21,305
9,012

31,008
5,223
325

32,967
5,242
302

32,762
5,247

43,138
5,255
230

42
1
316

42
2
378

319,764

Total assets

Sept. 27,
1961

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 30,
1961

324,046

839"
350,118

360,334

167,183

163,543

182,347

187,079

10
12,781
20, 547
11,214
2,578
277', 041
209,229
67,812

68,953
10
16,341
21, 719
10, 827
2,259
S02,456
281,991
70,465

66,364
10
10,384
31,653
12, 831
2,777
811,098
242,153
68,945

49
50

42
200

216
42

51
941

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
_
Total deposits
Demand deposits
Time deposits

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

64,721
10
6,428
21,874
10,821
1,943
*7'2,980
206,704
66,276

49
2,130

1
12,239

2
11,034

12, 715

14,092

285,996

Total liabilities

56
720

290,256

315,270

325,432

6,509
17,923
8,153
1,183

6,559
18,047
7,937
1,247

6,559
18,047

6,559
18,817
8,051
1,475

33,768

33,790

34,848

34,902

319,764

324,046

350,118

360,334

23,675

24,695

26,919

25,417

CAPITAL ACCOUNTS

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

,
„*.

Total liabilities and capital accounts

1,276

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

157

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
NEW JERSEY
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

160 banks

160 banks

159 banks

156 banks

2,070,588
1,138,702
828
575,384
67,282

2,104,451
1,167,171
523
607,374
68,177

2,209,821
1,212,477
514
608,473
76,644

2,225,665
1,215,389
432
618,611
77,960

8,680
228,429
93,036

8,774
250,035
66,658

8,861
238,672
98,211

9,378
314,780
92,852

297,340
59,427
1,334

294,863
58,657
1,542

259,029
59,448
1,797

369,025
60,165
1,310

1,324
580
16,756

1,318
594
19,245

1,320
339
19,716

1,417
539
19,195

4,559,690

4,649,382

4, 795,322

5,006,718

1,837,580

1,827,619

1,866,990

2,088,889

1,858,091
25
48,102
300,283
46,094
39,214
4,129,389

1,906,433
15
98,954
291,641
39,264
42,485
4,206,411
2,257,422

1,932,444
15
143, 878
320,674
42,112
34,540
4,340,653
2,365,173
1,975,480

1,940,339
15
90,018
312, 553
54, 530
45,523
4,531,867
2,551,518
1,980,289

47
16,450

47
4,150

39
10,225

85,271

594
87,267

339
102,242

539
108,602

4,223,977

4,310,769

4,447,431

4,651,272

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 and savings deposits of individuals, partnerships,
and corporations
_
_
Postal savings deposits..
_
—
Deposits of U.S. Government
_
Deposits of States and political subdivisions
,
Deposits of banks
_
_
Certified and officers' checks, etc
Total deposits.
Demand deposits
Time deposits

8,880,646

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

1,898,7U
47

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

237
102,462
102,699
166,979
56,340

105,322
105,410
168,644
55,140
9,419

105,889
105,977
63,078
9,752

109,740
109,828
177,153
58,588
9,877

335,713

338,613

347,891

355,446

4,559,690

4,649,382

4,795,322

5,006,718

299,962

346,688

312,110

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes

644637—02

11




158

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by Statesy at date of each call during year
ended Dec. 81, 1961—Continued
NEW MEXICO
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

29 banks

29 banks

29 banks

29 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
,
Other assets

223,683
169,040

240,359
168,550

235,553
178,735

19,933
3,288

223,344
177,144
5
20,780
2,554

21,820
1,997

21,731
2,229

876
35,077
10,072

885
41,523
9,403

902
32,749
11, 665

36,694
10,884

64,924

7,151
332

64,126
7,253
349

53,472
7,459
329

83,096
7,151

206
1,269

225

225
1,272

275
1,131

540,799

578,770

535,851

Total assets.
LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
_
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities..

260,839

251,341

251,200

283,250

113,826
11
15,182
80,396
16,867
4,777
491,898
353, 554
138,344

117,147
11
21,581

119,605
11
24,755
79,873
14,691
4,384
494,519
349,142
145,377

120,947
11
22,381
82,806
16,432
6,385
532,212
386,524
145,688

95,066

13,896
6,054
505,096
364,820
140,276

18

18

16

16

5,338

5,312

5,425

6,236

497,254

510,426

499,960

538,464

14,245
14,534
5,951
3,867

14,345
14, 735
4,652
4,741

14,395
15,260
6,685
4,499

14,395
15,265
5,856
4,790

CAPITAL ACCOUNTS

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

38,597

38,473

40,839

40,306

535,851

548,899

540, 799

578, 770

124,646

125,685

129,920

130,641

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

159

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
NEW YORK
[In thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

234 banks

234 banks

233 banks

2,654,324
19,441
1,102,789
112,325

6,422,186
3,181,891
19,224
1,096,282
127, 634

6,572,437
3,418, 750
19,924
1,252,692
133,190

6,927,786
3,185,894
20,075
1,284,681
102,980

38,894
1,059,707
125,825

39,181
1,084,131
95,792

39, 568
1,041,504
136, 578

42,039
1,004,164
138,495

1,118,494
176,063
3,649

1,225,652
177,939
2,924

990,445
179,871
3,040

1,838,980
187,649
4,090

5,989
143,604
169,801

6,018
135,497
159,333

6,284
163,379
170,703

7,086
156,301
174,713

13,099,901

Total assets.

Sept. 27,
1961

234 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 30,
1961

13, 773,684

14,128,365

15,074,933

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
5,738,808
Time and savings deposits of individuals, partnerships,
and corporations
3,538,296
Postal savings deposits
Deposits of U.S. Government
__
165,401
Deposits of States and political subdivisions
584,342
Deposits of banks
686, 574
Certified and officers' checks, etc
,
399,397
11,112,818
Total deposits
_
Demand deposits
_
_
_
7,812,722
Time deposits
_
3,800,096
Mortgages or other liens on bank premises and other
103
real estate
131,953
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
148,886
Other liabilities
481,767
Total liabilities.—.

11,875,527

5,700,889

5,719,107

6,662,567

3,764,756

3,832,702

3,826,153

405,436
657,412
781, 537
394,081
11, 701 Hi
7,649,458
4,054,659

507,177
695, 505
717,159
388, 582

103
128, 965
139, 338
570, 638

370,179
661,887
971,236
541,290
11,860,232 13,083,812
7, 717, 917 8,884,372
4,148,940
4, W, 315

103
287, 718
167,115
578,611

12, 543,155 12,893, 779

100
160,978
541,076
13,819, 434

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.

160
394,967
895,127
611,402
210,187
7,658

160
395,168
895,828
612,369
214,512
8,320

130
396,227
896,857
613,362
216, 559
8,308

130
397,476
897,606
618,772
229, 748

1,224,374

1,230,529

1,234, 586

1,255,499

13,099,901

13,773,684

14,128,365

15,074,933

1,279,667

1,439,932

1,749,288

1,552,156

MEMORANDTJM

Assets pledged or assigned to secure liabilities and for
other purposes




160

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, 1961—Continued
NORTH CAROLINA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

34 banks

34 banks

33 banks

31 banks

519,966
193,295

512,132
173,024

58,852
9,867

Total assets.

60,110
15,068

518,692
185,784
8
61,306
20,650

556,806
217,210
8
67,646
23,674

2,335
70,740
25,833

2,342
71,006
19,851

2,311
73,669
29,698

2,412
46,302
27,135

156,998
14,614
207

134,795
14,864
223

150,012
14, 923
221

224, 712
15,738
209

3,943
34
4,035

3,940
66
3,815

3,937
31
4,411

3,981
6
4,518

1,060,719

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

1,011,236

1,065,653

1,190,357

540,352

496,046

526,791

601,594

184, 578
2
16,133
88,634
99,356
6,111
935,166
718,601
221, 565

186,020
2
32,152
84,361
84,150
5,908
888,639
661,381
227,258

183,918
2
41, 799
84, 516
99,109
5,481
941,616
716,310
225,306

190,239
2
37,456
93,488
130, 569
9,560
1,062,908
825,859
237,049

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
...
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc.
Total deposits
Demand deposits.
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
'Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..

500

1,650

500

34
33,062

66
28,458

31
30,884

34,001

968,762

918,813

973,031

1,096,915

26,092

26,142
51,697
13,101
1,483

25,667
51,077
14,411
1,467

26,254
53,831
11, 799
1,558

CAPITAL ACCOUNTS

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

51,532
12,855
1,478
91,957

92,423

92,622

93,442

1,060,719

1,011,236

1,065,653

1,190,357

151,532

157,956

159,229

177,795

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

161

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
NORTH DAKOTA
[In thousands of dollars]
Apr. 12,
1961

June 30,

Sept. 27,

Dec. 30,

1961

1961

1961

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
_
_
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

175,287
106,289
10
28,312
9,449

169, 386
121,878

167,316
122,407

30,114
10,772

33,862
11,918

627
28,413
4,425

641
25, 751
3,632

646
26, 527
4, 921

655
27,132
4,500

31,798
5,831
60

25,098
5,731
110

28, 586
6,480
128

28,399
6,783
176

250
1,927

250
2,404

531
1,681

531
1,934

394,739

382,964

401,650

405,613

183, 778

173,470

188,186

196,147

129, 586
6
5, 537
29,195
11,044
2,373
861,519
227,568
133,961

131,402
6
8,118
24, 614
9,091
2,302
349,003
£12,059

131,390
11
13,216
20,060
11,863
2,340
867,066
230,486
136,630

132, 508
6
8,022
18,895
11,495
3,191
370,264
238,609
136,655

5,219

5,565

366, 539

354,371

372,285

375,829

8,415
12,481
6,700
604

Total assets

173,178
112,353
16
26,937
8,924

9,015
12,363
6,661
554

9,015
12,488
7,306
556

9,065
32, 766
7,229
724

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
__.
Total deposits
Demand deposits
_
_..
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed m o n e y . _
Other liabilities
„._
Total liabilities..

100
4,920

CAPITAL ACCOUNTS

Capital stock: Common stock..
Surplus
Undivided profits,
_
Reserves

Total capital accounts
Total liabilities and capital accounts

28,200

_

28,593

29,365

29, 784

394, 739

382,964

401,650

405,613

67,148

64,160

MEMORANDUM

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




57,081

162

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, 1961—Continued
OHIO
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

223 banks

223 banks

223 banks

222 banks

2,875,700
1,737,054
1,224
476,431
54,654

2,938,535
1,781,201
554
496,032
63,571

3,026,596
1,898,436
555
508,118

3,077,467
1,968,010
415
504,953
70,279

14, 310
483,365
110, 696

14,472
483,117
84,658

14,534
456, 845
122,801

14,914
488,153
112,555

526,250
78,826
1,430

545,356
79,053
1,480

509,028
80,382
1,535

664,797
80,939
1,857

3,960
370
24,894

3,967
290
23,163

3,955
304
26,146

3,721
329
23,004

6,389,164

6,515,449

6,719,134

7,011,393

2,694,196

2,640,471

2,683,639

3,026,576

2,091,282
169
61,436
529,673
266,398
45,588
5,688,742
3,496,228
2,192,514

2,171,346
159
190,905
532, 876
240,103
54,601
5,8S0,461
S, 558,709
2,276,752

2,195,312
160
265,579
539,945
267,183
58,903
6,010,721
3,702,724
2,807,997

2,242,639
160
176,050
487,557
299,010
67,646
6,299,688
3,947,283
2,862,355

37
29,558

37
11,732

50
16,945

47
10,044

370
122,433

290
118,356

304
125,176

329
132,128

5,841,140

5,960,876

6,153,196

6,442,186

170,275
283,053
91,108
3,588

171,635
287,424
92,059
3,455

171,703
288,194
102,549
3,492

172,298
302,467
90,352
4,090

548,024

554,573

565,938

569,207

6,389,164

6,515,449

6,719,134

7,011,393

1,066,646

1,148,891

1,051,175

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 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
_
Total assets.__
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government.
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
_
_
Demand deposits._
Time deposits
Mortgages or other liens on bank premises a n d other
real estate
Rediscounts a n d other liabilities for borrowed m o n e y - .
Acceptances executed b y or for account of reporting
b a n k s 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

163

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
OKLAHOMA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

200 banks

200 banks

200 banks

200 banks

923,989
574,163
35
163,941

975,763
596,330
92
164,677
26,950

1,082,126
612,439
6
180,218
27,256

4,533
193, 537

4,593
187,270
24,962

4,630
185,437
31,879

4,655
198,501
29,871

332,307
30,160
935

346,922
30,763
783

326,494
31,114
933

462,520
31,653
1,355

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
_

927,937
579, 794
159,878
25,228

5,842
129
5,755

5,444
264
6,215

5,342
230
5,434

2, 293,019

Total assets _

317
5,545
2,295,262

2,356,222

2, 641,606

1,166,529

1,133, 517

1,186,721

1,407,140

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
_
Time and savings deposits of individuals, partnerships,
and corporations
...
Postal savings deposits
Deposits of U.S. Government
__
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
_
Total deposits
Demand deposits
Time deposits.
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities. _.:
Total liabilities..

419,178
432,996
443,196
91
91
91
29,124
63,328
67,870
201,202
192,108
170,173
225,237
218,162
212,284
13, 685
16,164
13,376
2,055,046 2,056,866 2,098,711
1,617,903 1,604,524 1,632,284
487, US
451,842
461,477

57,638
209,854
240,834
25,471
2,394,014
1,912,187
481,877

13
540

19
236

19
15,048

19

129
16,283

317
16,371

270
17,397

230
18,282

2,072,011

2,073,309

2,126,445

2,412,545

61,750
88,005
67,317
3,936

62,025
89,956
66,214
3,758

62,565
90,516
72,962
3,734

62,940
91,762
70,112
4,247

CAPITAL ACCOUNTS

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

221,008

221,953

229,777

229,061

2,293,019

2,295,262

2,356,222

2,641,606

421,174

421,816

422,893

437,603

MEMORANDUM

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




164

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date o£ each call during year
ended Dec. 31, 1961—Continued
OREGON
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

10 banks

10 banks

10 banks

10 banks

ASSETS

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

897,311
442,901
2,662
186,046
34,418

919,618
462,158
2,335
201,090
41,143

927,597
483,972
2,384
197,043
37,975

3,241
157,223
17,598

3,242
153, 601
14,482

3,242
174, 640
19,013

3,242
183,459
17, 516

140,373
33,759
702

145,885
34,261
588

136,026
34,434

166,440
36,289
1,336

3
1,294
8,079

1,992
10, 661

1,756

3,013
12, 996

1,912,312

Total assets

118
178,198
19,125

1,928,053

2,005,944

2,073,265

791,618

762,333

793,443

803,012

905,909

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations-__
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits_

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

698, 687
738,251
751,291
14
14
14
12,046
41.326
31,460
157, 714
141,068
146, 389
28,810
30, 849
25,175
30,845
38.327
35,844
/, 719,784 1,7S9,466 1,796,318
952,926
982,771
943,495
813,547
766,808
795,971

756,337
14
27,856
224, 686
30, 628
38,894
U 881,4.27
1,008,932
872,495

263
15,000

293

1,294
35,234

1,992
29,880

2,070
32,830

3,043
29,100

1,756,550

1, 771,606

1,846,481

1,913,863

48,528
59, 542
51,370
23

48, 528
59,682
51,166
26

CAPITAL ACCOUNTS

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

48,528
59,517
47,701
16

48,528
59,543
48,357
19

155,762

156,447

159,463

159,402

1,912,312

1,928,053

2,005, 944

2,073,265

453,983

446,113

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




500,531

REPORT OF THE COMPTROLLER OF THE CURRENCY

165

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
PENNSYLVANIA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

458 banks

458 banks

455 banks

450 banks

4,506,607
2,304,025
348
861,436
128,104

4,526,085
2,443,218
691
845, 580
137,072

4, 529,328
2, 656,001
783
890,166
140, 686

4, 647,416
2, 571,482
863
961,867
142,191

27,031
647,846
157, 660

27,148
701,228
127,959

27,222
670,055
176, 686

30,631
675, 618
169,481

650,886
123, 412
3,297

643,803
123,836
3,455

634,809
125,995
3,605

859, 709
128,307
3,797

4,038
13,031
35,206

4,366
17, 318
39,182

5,052
19, 990
40, 418

5,197
11,253
36,865

9,462, 927

9, 640,941

9, 920, 796

10,244, 677

3,957,957

3,888,167

3,883,236

4,232, 979

3,373,326
594
127,373
321,433
427,858
51, 595
8,260,136
4,7.76,048
3,484,088

3,469,057
597
294,341
375, 589
385,147
49,050
8,461,948
4,849,644
3,612,304

3,533,842
594
327,166
420, 778
408, 762
39,122
8,613,500
4,921,641

3, 540,468
597
250,063
493,003
459, 111
54,189
9,030,410
6,331,548
5, 698,862

135
32, 715

124
4,895

274
86,095

13,320
154,338

17,939
153,494

20,276
177,183

2,675
11,529
168, 631

8, 460, 644

8, 638, 400

8, 897, 328

9,213, 516

50
253, 816
253,866
560, 726
178, 313
9,378

50
254, 556
254,606
563,267
176,196
8,472

50
255, 514
255,564
563,949
194, 710
9,245

50
259, 684
259,734
617, 796
143,018
10, 613

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 and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc___
Total deposits
Demand deposits
Time deposits

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

in

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, 002,283

1,002, 541

1,023, 468

1,031,161

9,462, 927

9,640, 941

9, 920, 796

10,244, 677

1,072,270

1,173,546

1,214,991

1,217,870

MEMORANDUM
Assets pledged or assigned t o secure liabilities a n d for
other purposes




166

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, 1961—Continued
RHODE ISLAND
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
ipt. %
1961

4 banks

4 banks

4 banks

Dec. 30,
1961

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 b a n k . . .
Currency and coin
Balances with other banks, and cash items in process of
collection
___
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Other assets
_

317,049
107,610
76
75,765
1,476

346,946

104,582
104
73,094
2,727

327,208
118,363
108
75,487
4,727

1,265
5,093
10,878

1,265
28,026
7,199

1,266
11,842
12,030

1,180
30,312
10,519

19,283
8,005
193
8
2,804

24,381
7,919
154
66
2,725

21,662
7,934
133
8
2,086

29,283
7,879
133
106
2,568

564,298

Total assets..

338,407
103,145
14
73,851
.1,352

573,711

584,414

607,873

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits. _____
Deposits of U.S. Government.
Deposits of States and political subdivisions.
Deposits of banks
Certified and officers' checks, etc
__.
Total deposits
Demand deposits
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities

186,768

192,780

206,362

274,214
24
9,795
34,089
3,241
4,703
612,884
287,784
275,050

275,259
24
14,599
31,355
4,144
3,868
622,029
HI, 885
280,694

275,845
24
10,969
41 429
4,142
648,268
256,220
287,046

11
15,804

66
14,159

12
15,767

118
16,857

518,238

527,059

537,808

560,241

13,490
25,540
7,015
15

Total liabilities..

192,677
274,121
24

13,490
25,580
7,567
15

13,490
25, 580
7,502
34

13,605
25,753
8,259
15

3,297

25,551
3,426
3,252
502,848
227,305
275,048

4,495

75

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

46,060

46,652

46,606

47,632

564,298

573,711

584,414

607,873

27,237

27,361

33,246

33,373

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPOET OF THE COMPTROLLER OF THE CURRENCY

167

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
SOUTH CAROLINA
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

25 banks

25 banks

25 banks

25 banks

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
_
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
___
_
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises.
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets

304,817
169,952

303,655
177,768

313,673
200,970

321,241
209,187

44,267
7,937

45,136
7,077

47,261

48,488
9,761

1,356
39,062
18,694

1,356
55,964
14,107

1,424
46,361
20,568

1,442
46,561
17,997

84,805
12,325
234

82,584
12,320
241

74,781
12,643

104,429
13,187
224

181

192

2,764

2,397

260
1,000
3,000

245
4
2,514

702,797
= = =

731,539

775,280

392,169

396,125

404,638

440,023

95,597

97,830

102,028

96,584

16,719
78,339

25,916

32,625
85,597
20,153
3,169
648,210
582,574
116,686

27,373
94,238
22,685
5,792
686,695
574,620
112,175

38

29

Total assets..
LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks..
_
Certified and officers' checks, etc
Total deposits
Demand deposits..
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities.—
_
Total liabilities

22,986

2,683
608,498
498,597
110,096

16,261
3,764
625,882
618,706
112,176
200

23,113

21,396

1,000
25,257

4
30,537

631,644

647,516

674,505

717,265

14,161
31,030
8,442
1,117

14,161
31,031
8,940
1,149

14,374
31,410
9,999
1,251

14,519
31,988
10,081
1,427

CAPITAL ACCOUNTS

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

54,750

55,281

57,034

58,015

702,797

Total liabilities and capital accounts

731,539

775,280

118,685

120,802

124,993

MEMOEANDUM

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




109,794

168

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, 1961—Continued
SOUTH DAKOTA
[In thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

33 banks

33 banks

33 banks

206,524
108,614

207,975
107,274

205,473
128,103

206,874
135,650

21,870
6,638

21,518
8,260

22,131
10, 947

23,620
10,403

855
30,036
4,673

871
29,790
4,406

879
29,652
5,320

32, 557
5,163

28, 111
6,788
218

25,330
6,880
224

33,433
7,010
252

34,493
6,984
226

753
3
1,964

730

765

854

2,466

2,043

2,476

417,047

Total assets.

Sept. 27,
1961

33 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 30,
1961

415,724

446,008

460,188

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations. __
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_
___.
Mortgages or other liens on bank premises and other
real estate
„
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
.
Other liabilitiesTotal liabilities..

190,039

178,983

205,847

216,916

125,876

128,779

129,748

133,783

5,214
48,363
9,875
2,507
881,874
2^5,812
186,562

8,012
51,901
10,080
2,825
240,479
140,101

11,861
47,672
11,972
2,381
409,481
266,718
142,763

7,979
47,192
14,101
2,798
422,769
275,415
147,354

50

50

50

50

5,758

5,472

5,951

6,433

387,685

386,102

415,482

429,252

9,260
13,533
6,204
365

9,260
13,706
6,291
365

9,360
14,021
6,761
384

10,560
13,190
6,773
413

CAPITAL ACCOUNTS

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

29,362

29,622

30,526

30,936

417,047

415,724

446,008

460,188

70,388

72,933

78,025

77,523

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

169

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
TENNESSEE
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

74 banks

74 banks

74 banks

74 banks

1,155,840
578, 946
122
153,090
20,472

1,154,120
542,692
162
148, 468
21,806

1,180,677
592,478
62
150,623
20,001

1,270,431
604,769
52
149,688
22,828

4,964
174,334
42,426

4,941
172,689
38,155

4,972
176,702
47,005

5,130
159,439
48,564

313,304
26,901
1,682

333, 790
27,125
1,598

290, 470
26,844
2,386

477,333
26, 742
2,422

19,510
6,197

126
8,276
7,445

5,365
7,396

2,497,788

2,461,393

5,089
7,217
2,504,526

2, 780,159

986, 885

951, 568

971,001

1,104,370

668,166
163
23,827
214,083
338,901
8,409
2,240,434
1,542,859
698,075

680,146
162
54,615
236,481
293,246
10, 823
2,227,0U
1,499,986
727,055

160
72,364
222, 716
300,686
7,859
2,255,480
1,514,157
741,823

684, 874
166
53,192
205,808
474,077
12,939
2,535,426
1,808,047
782,379

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 and savings deposits of individuals, partnerships,
and corporations
_
_
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions..
Deposits of banks
_
_.
Certified and officers' checks, etc.
_
Total deposits
__
_
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate.
_
_
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities

125
100

124
2,300

122
1,400

19, 510
40, 561

8,276
35,369

5,089
40,394

5,365
35,931

2,307,730

2,270, 911

2,303,387

2, 578,244

57,380
97,411
31,414
3,853

Total liabilities

125
7,100

57,380
97, 558
31, 762
3,782

59,430
98,036
39,638
4,035

60,230
101,541
35, 783
4,361

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
_

_
_
_

_._
_

Total capital accounts

190,058

190,482

_

2,497, 788

2, 461,393

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

275,405

291, 500

Total liabilities and capital accounts

201,139
2, 504, 526

201, 915
2, 780,159

MEMORANDUM




339,766

328,240

170

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, 1961—Continued
TEXAS
[In'thousands of dollars]
Apr. 12,
1961

Dec. 30,
1961

471 banks

472 banks

473 banks

4,326,451
2,185,508
89,630
627,700
108,965

4,311,549
2,164,804
89,320
626,604
108,559

4,476,009
2,438,761
89,065
662,914
114,918

4,823,888
2,386,094
89,505
678,853
113,999

20,957
794,037
115,212

21,282
816,954

21,729
764,492
130,790

22,241
782,317
117,894

1,568,581
185,365
9,226

1,555,946
186,832
8,798

1,478,360
188,962

2,158,824
199,288
9,353

12,328
15,878
33,063

12,947
6,492
38,094

12,984
5,830
42,165

5,577
39,040
39,894

10,092,901

10,046,719

10,436,367

11,466,767

4,867,619

4,886,429

4,985,828

5,566,650

1,818,264
1,100
133, 738
929,916
1,295,040
69,889
9,115,566
6,820,977
2,294,589

1,892,378
1,085
227,123
794,696
1,202,924
78,020
9,082,655
6,751,201
2,331,454

1,912,585
1,973,030
1,080
1,080
449,238
181,736
753,208
945,479
1,191,324
1,603,859
71,254
154,978
9,364,517 10,426,812
7,021,724 8,003,278
2,342,793
2,423,534

171
29,673

171
21,313

95,166

183
40,142

15,881
79,859

77,743

5,884
87,970

40,017
74,672

9,241,150

9,188,441

9,553,706

10,581,826

312,367
374,260
139,411
25,713

Total assets.

Sept. 27,
1961

469 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 30,
1961

313,343
376,978
141,741
26,216

319,324
384,874
152,245
26,218

321,665
393,040
139,389
30,847

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits

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

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

_

Total liabilities and capital accounts

851,751

858,278

882,661

10,092,901

10,046,719
= = = = =

10,436,367

11,466, 767

1,611,033

1,642,236

1,819,766

1,720,772

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




884,941

REPORT OF THE COMPTROLLER OF THE CURRENCY

171

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
UTAH
[In thousands of dollars]
Apr. 12,
1961

Sept. 27,
1961

Dec. 30,
1961

7 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
_
Other assets
__

June 30,
1961
7 banks

7 banks

7 banks

275,607

280,348
96,373
25
34,166
5,545

289,177
106,169
37,883
4,210

289,208
92,830
10
41,150
4,198

990
46,463
4,921

1,022
41,150
5,162

1,023
41,242
5,756

1,053
41,705
5,785

40,317
1,533

41,834
1,512
61

44,193
1,496
61

57,250
1,470

29

6,200
755

6,200
853

6,200
591

6,200

504,695

514,251

538,001

541,815

192,504

187,976

205,940

208,322

181,048
489
3,201
42,430
18,985
3,676
U*,888

195,140

198,390

192,155
489
11,128
42,232
18,947
4,080
457,007
W, 180
209,827

189,249
489
10,014
56,593
20,107
6,379
491,153
Z86,252
204,901

12,500
9,717

8,500
8,409

75
8,902

8,691

464, 550

473,916

495,756

499,844

10,075
19,815
8,072
2,183

Total assets-

25
30, 753
3,039

13,075
17,825
7,249
2,186

13,075
17,850
9,128
2,192

13,075
18,935
7,768
2.193

94,063

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations—
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits...
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks.
___
_
___
Certified and officers' checks, etc
Total deposits
_
___
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Other liabilities
Total liabilities..

___

_._

243,943

489
26,263

34,499
20,347
4,101
486,779
275,977
210, 802

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

40,145

40,335

42,245

41,971

504,695

514,251

538,001

541,815

28,240

21,620

36,011

24,155

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




172

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, 1961—Continued
VERMONT
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

31 banks

31 banks

31 banks

30 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..
Other assets.
Total assets

_

121,915
52,291
50
12,529
2,656

124,546
51,722
9
13,888
2,688

123, 716
57, 675
8
13, 750
2,735

124, 618
58,362
8
12, 012
2,927

436
11,160
3,754

444
10,376
3,527

448
12,619
4,264

456
13,754
3,861

12,502
3,307
153

12,405
3,188
205

15, 262
3,235
207

15, 249
3,118
199

846
569

495

853
553

856
437

222,168

224,339

235,325

235,857

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations._.
Time and savings deposits of individuals, partnerships,
arid corporations
Postal savings deposits
_
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Rediscounts and other liabilities for borrowed money..
Other liabilities
_
Total liabilities

64,486

64,281

70,557

70,134

123,309
3
2,095
5,673
1,197
1,262
198,025
73,435
124, 590
180
3,400

124,513
3
2,998
5,303
1,267
1,265
199, 630
74,4*7
125,203

126,486
3
3,914
6,545
1,159
1,144
209, 808
82,418
127,390
25
4,047

125,423
3
3,139
9,325
1,333
1,191
210,548
83, 617
126,931

201, 605

203,723

213,880

214, 714

4,093

4,166

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

800
6,175
6,975
7,563
4,627
1,398

800
6,375
7,175
7,658
4,379
1,404

800
6,425
7,225
7,714
5,051
1,455

800
6,483
7,283
8,057
4,472
1,331

20,563

20, 616

21,445

21,143

222,168

224,339

235,325

235,857

9,843

9,422

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




9,760

REPORT OF THE COMPTROLLER OF THE CURRENCY

173

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
VIRGINIA
[In thousands of dollars]
Apr. 12,
1961
128 banks

Total assets _

128 banks

128 banks

988,197
499, 753
100
138,463
36,863

1, 004,357
481, 707
56
134, 883
38,087

1, 032, 677
516,861
50
138,153
42,283

1, 051, 099
538,775
30
151,477
47, 987

4,571
130,962
42,048

4,519
117, 293
34,191

4,598
116,973
46, 665

4,6f8
153, 626
44,544

190,640
29, 688
843

191, 248
29,872
1,122

178,230
30,606
781

238, 611
31,562
921

1,733
253
5,468

1,833
208
6,317

1,914
320
6,987

1,881
309
5,877

2,069,612

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 30,
1961

2,045,663

892,263

>pt. 27,
1961

2,117, C

Dec. 30,
1961

2, 271, 397

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations..
_
__
Postal savings deposits
Deposits of U.S. Government
...
Deposits of States and political subdivisions
Deposits of banks
__
__.
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits.
_
Mortgages or other liens on b a n k premises a n d other
real estate
Rediscounts a n d other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
b a n k s a n d outstanding
Other liabilities

868,093

941,824

711,271
12
78,123
112,321
105,149
8,239
1,883,208
1,122,788
760,420

728, 710
13
55, 828
136,495
151,586
21, 417
2,035, 873
1,253, 491

190
12,100

256
14,280

260
1,925

274
425

253
35,040

208
32,549

320
39,142

309
42,941

1,885,000

T o t a l liabilities.

839,179

674,193
688,653
107
13
35,867
61,417
126,058
129,706
84, £37
99,700
9,229
10,375
1,837,417 1,814,280
1,118,388 1,083,712
719,029
730,568

1,861,573

1,924, 855

2, 079,822

50.298
94,411
36.299
3,604

50, 298
94,522
35, 740
3,560

51, 048
96,744
41,112
3,339

52,063
98,358
37, 894
3,260

CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
_
Undivided profits
Reserves

_
_

_
_

_

Total capital accounts
Total liabilities and capital accounts..

184,612

184,120

192, 243

191, 575

2, 069,612

2,045,6€3

2,117,098

2,271,397

308.850

325.334

343.187

344.446

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

644637—62



174

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, 1961—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

lbank

lbank

lbank

lbank

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
Other assets
. .
Total assets
_

8,974
5,773
500
2,491

9,693
4,575

10,373
4,532

9,952
5,506

2,830

3,109

2,601

30
598
822

30
487
597

30
462
694

30
1,138
634

1,843
42
300
100

2,572
52

1,707
97

1,844
94

469

559

586

21,473

21,305

21,563

22,385

4,688

4, 501

4,631

5,193

7,509

7,513

8,020

7,898

176
7,300
66
80
19,819
7,002
12 817

122
6,747
230
111
19,224
6,884
12 840

175
6,794
78
78
19,776
5,992
13 784

217
6,815
101
132
20,856
6,180
14 176

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations...
Time and savings deposits of individuals, partnerships,
and corporations _
Postal savings deposits
Deposits of U.S. Government
_
_
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
. .
Total deposits
Demand deposits
Time deposits

..

Rediscounts and other liabilities for borrowed money- Other liabilities
_
Total liabilities

205

552

280

465

20,024

19, 776

20,056

20,821

335
675
439

335
675
519

335
675
497

335
675
554

CAPITAL ACCOUNTS

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

1.449

_

1, 529

1,507

1,564

21,473

21,305

21,563

22,385

7,872

7,153

7,641

7,612

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

175

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
WASHINGTON
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

26 banks

26 banks

26 banks

24 banks

1,317,751
613, 760
8
172,390
12,055

1,314,739
621,291
4
176, 593
17,825

1,360,642
642,009
9
190,042
12,013

1,348,381
687,532
65
196,637
12,355

4,720
228,400
35,830

4,723
241, 352
28, 576

4,784
225,622
41,401

4,831
223,683
35,999

240,325
44,956
1,112

265,296
45,162
1,529

240,488
45,912
1,531

294,157
45,866
1,380

616
2,975
11,633

616
3,945
13,042

613
5,264
15,030

621
3,633
13,405

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.

2,686, 531

2, 734, e

2,785,360

2,868, 545

1,279,014

1,224, 567

1,249, 593

1,343,002

831,677
9
30.072
176,887
76,046
19.116
2.412, 821
1,570,761
842,060

863,878
9
71,516
210,361
78,890
18, 732
2, 467.958
1,692.848
876,610

872,179
9
92,367
193,436
80, 526
17,698
2.505, WS
1, 622,218
883,595

883,694
9
69,424
198,588
83,247
22,166
2, 600.180
1,702,666
897,664

49
3,000

49
5,000

48
1,500

23

2,990
61,289

4,005
48, 669

5,354
60, 069

49, 736

2,480,149

2, 525, 676

2, 572, 779

2,653, 580

67,232
89.918
47, 628
1,604

67, 232
92,028
48,040
1,717

67, 232
92,028
51,529
1,792

67,807
93,039
52,806
1,313

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
__
_
Time and savings deposits of individuals, partnerships,
and corporations
_
__
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc.
Total deposits
___
_
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding.
Other liabilities
Total liabilities.
CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

206,382

209,017

212, 581

214, 965

2, 686, 531

2,734, 693

2, 785, 360

2,868, 545

401,695

447,974

486,645

482,781

MEMORANDUM

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




176

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, 1961—Continued
WEST VIRGINIA
[In thousands of dollars]
Apr. 12,
1961

June 30,

Sept. 27,

Dec. 30,

1961

1961

1961

77 banks

77 banks

77 banks

76 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
Other assets
_
Total assets
_

276,202
264,282
13
43,929
7,737

287,446
261,600
25
45,640
8,199

287,958
280, 737
19
45,403
8,763

295,324
283,204
24
47,130
7,864

1,700
44,080
19, 641

1,701
41,309
18,273

1,708
46, 364
21,208

1,714
45,332
19,142

62,383
8,962
807

74, 664
8,873
934

65,297
9,207

86,161
9,332
632

508
1,474

527
1,644

527
2,059

542
2,199

731, 718

750,835

333,129

321,162

324,246

345,900

233,607
143
9,535
43,341
25,401
3,387
648,543
413,243
235,800

237,405
148
15, 623
60,168
29,021
3,520
667,047
427, 843
239,204

240,459
148
29, 468
55, 922
29,218
2,843
682,804'
440,138
242,171

243,595
148
14,880
56,844
41.491
4,043
706,901
461,529
245,872

1,150
7,185

550
8,378

53
200
9,662

53
300
15, 670

656,878

676,028

692,219

722, 924

18,821
37, 745
15,202
3,072

18,821
38,040
14, 750
3,196

19,071
37,818
17,531
3,197

19,001
38,555
14,707
3,413

798,600

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations.._
Postal savings deposits.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks.
_
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits

Mortgages or other liens on bank premises and other
real estate
_
_
_
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities.....
CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

74,840

74,807

77,617

75,676

731, 718

750,835

769,836

798,600

121,081

126,181

137,019

134,605

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

177

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
WISCONSIN
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

99 banks

99 banks

99 banks

101 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.

._.

936,027
630,979
250
129,134
26,586

957,235
608,942
200
132,024
27,855

3,727
164,778
30,312

134,041
30, 715

996,285
660, 753
21
136, 530
31,823

3,731
169,491
24,225

3,760
183,752
33,300

3,838
198,099
29,501

231,701
20,992
1,304

236,505
21,986
1,275

215,233
22,392
1,353

358,609
23,095
1,385

1,008
325
8,914

184
9,408

1,060
172
8,994

1,055
311
8,341

2,186,037

2,194,024

2,239,184

2,449,646

924,332

908,862

915, 746

1,088,012

639,749

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
_
_
Time and savings deposits of individuals, partnerships,
and corporations..____
Postal savings deposits..
_.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
_.T
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities

762,564
737,363
746,505
857
857
857
21,769
67,087
75,453
112,490
112,741
90, 551
166,107
139,935
154,298
11,637
10,906
10,472
1,974,555 1,986,893 2,009,941
1,213,584- 1,211,805 1,219,355
761,021
775,088
790,586

771,501
857
61,078
107,398
178, 933
14,844
2,222,623
1,427,175
795,448

142
5,957

140
20, 687

207
114

325
45,225

224
36,131

172
38,978

2,024,477

Total liabilities

143

2,029,347

2,069,918

311
55,013
2,278,268

43,379
80,840
32,850
4,491

43,379
81,104
33,745
6,449

43,509
81,885
37,150
6,722

43,934
84,460
35,837
7,147

CAPITAL ACCOUNTS

Capital stock: Common stock—
Surplus
Undivided profits
Reserves

_
___

_

Total capital accounts
Total liabilities and capital accounts. __

161,560

164, 677

169,266

171,378

2,186,037

2,194,024

2,239,184

2,449,646

158,867

170,237

177,017

140,231

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




178

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, 1961—Continued
WYOMING
[In thousands of dollars]
Apr. 12,
1961

Sept. 27,
1961

Dec. 30,
1961

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
Other assets

June 30,
1961
26 banks

26 banks

26 banks

140,975
88,956

140,322
94,569

143,006
105,052

15,624
3,326

16,540
3,070

16,989
3,102

18,384
3,157

548
23,120
5,000

545
20,147

520
20,645
5,730

521
25,005
5,010

5,409
581
966

32,103
6,800
716
912

34,982
6,418
755
698

43,688
6,187
749
961

311,836

Total assets..

132,731
95,638

314,460

324,730

351,720

136,604
88,315

130,194
92,036

137,013
94,273

146,673
96,754

18
5,571
37,761
11,449
2,772
282,490
181,469
101,021
28
100
4,099

18
7,961
40,982
10,166
2,829
284,186
178,917
105,269

18
8,587
37,478
13,841
2,941
294, 151
187,587
106,614

18
6,213
51,491
16,151
3,847
S21,1A7
206,267
114,890

21
1,010
4,134

21
301
4,455

4,178

286,717

289,351

298,928

325,346

4,528
12,212
7,511

4,528
12,261
7,495
825

4,528
12,292
8,169
813

4,528
13,106
7,742

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions.—
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits.
Time deposits

—

_

Mortgages or other liens on bank premises and other
real estate
_.
Rediscounts and other liabilities for borrowed money-.
Other liabilities
Total liabilities...

21

CAPITAL ACCOUNTS

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

25,119

25,109

25,802

26,374

311,836

314,460

324,730

351,720

62,801

66,853

67,692

71,149

MEMORANDUM

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




TABLE N O . 17.—Fiduciary activities of national banks as of Dec. 30, 1961
Banks with capital stock o—
f
$25,001 t o
$50,000

$25,000

Number of national banks with trust powers but not administering trusts
Number of national banks with trust powers administering
trusts
_Total number of national banks authorized to exercise
trust powers
_
_
Total assets of national banks with trust powers but not
administering trusts.
Total assets of national banks with trust powers administering
trusts
__.Total assets of national banks authorized to exercise
trust powers..
_
-

$50,001 t o
$100,000

$100,001 t o
$200,000

$200,001 t o
$500,000

$500,001 a n d

over

Total

6

28

61

75

57

12

239

4

20

141

318

423

618

1,524

10

48

202

393

480

630

11,763

$11,262, 560

$90,007,524

$328,147,451

$661,421,054

$942,702, 568

$990,925,638

$3,024,466,795

9, 784,802

68, 708,674

895,459, 524

6,348, 515, 750

6,940.464,204

114,259,473,515

128,522,406,469

21,047,362

158,716,198

1,223,606,975

7,009,936,804

7,883,166,772

115,250,399,153

131,546,873,264

1,389, 780
35,057
93,120

2,153,355
67,030
314, 780
19,172

45, 709,379
2,970,856
5,149,812
3,376,699

2,156, 522,569
54,150,059
116, 739,382
2,247,905,996

879,717,973
26,499,447
67,472,094
100,203,861

40,506,870, 745
1,097,670, 111
1,542,312,936
30,366,883,084

43,592,363,801
1,181,392,560
1,732,082,124
32,718,388,812

1,517,957

2, 554,337

57,206, 746

4,575,318,006

1,073,893,375

73,513, 736,876

79,224,227,297

fe)

o

TRUST DEPARTMENT ASSETS

Investments . .
Time deposits
Demand deposits
Other assets

.

Total

_.

.

-—

o

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




204,976

2,048,521

45,382,225

1,360,262,964

763,223,859

26,708,290,094

28,879,412,639

1,312,981

492,994
12,822

11,486,388
338,133

966,085,630
2,248,969,412

301,889, 784
8,779,732

46,171,194,556
634,252,226

47,452,462,333
2,892,352,325

1, 517, 957

2, 554,337

57,206, 746

4, 575,318,006

1,073,893,375

73,513,736,876

79,224,227,297

1, 732,500

1,073,500

9,044,617

3,570,055,071

377,934,207

33,974,214,970

37,934,054,865

3

3
CO

TABLE N O . 17.—Fiduciary activities of national banks as of Dec. 30, 1961—Continued
Banks with capital stock o—
f

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
_
_
_

$500,001 a n d
over

Total

Total.. .

4

18
3

134
54

307
140

408
291

612
573

1,483
1,061

2

5
2
1

23
16
8
3
6

94
30
22
9
13

170
104
54
23
35

463
395
253
306
276

757
547
338
341
330

21

122
6

2,181
480

15,259
5,633

30,773
5,678

302,951
109,322

351,307
121,119

21

128

2,661

20,892

36,451

412,273

472,426

2

7
3
1

31
34
12

442
1,828
565

1,033
588
181

9,733
27,995
7,975

11,248
30,448
8,734

11

77

2,835

1,802

45,703

50,430

3

260

39

4,711

5,013

6

195

49

4,267

4,517

2,747

24,182

38,341

466, 954

532,386

Number of accounts for which national banks are acting as
transfer agent
_
_
Number of accounts for which national banks are acting as
registrar
_
_
_
_.

23

i Includes 30 banks which have been granted only certain specificfiduciarypowers.




$200,001 to
$500,000

2

Number of corporate accounts being administered:
Bond or debenture issues
Paying agencies
Depositories and other miscellaneous corporate accounts

Total number of accounts being administered—

$100,001 to
$200,000

$50,001 to
$100,000

$25,001 to
$50,000

$25,000

139

I
1

I

TABLE NO. 18.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. 30, 1961

Federal Reserve districts

Boston
New York
Philadelphia...
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis...
Kansas City...
Dallas
San Francisco .
Total..

Number
of banks
exercising
fiduciary
powers

Number
with authority
but not
exercising
fiduciary
powers

Trust department liabilities

Trusts

239

i 1, 763 131,546,873,264

Trusts

Common trust funds
Bond and debenture issues
outstanding
where bank Number of
Ledger
acts as trustee
funds
value of
assets

Trust department
gross earnings for
year ended
Dec. 31, 1961

Corporate
trust bond
issue
accounts

298
631
773
1,311
479
1,169
2,048
2,053
491
833
541
621

1,553
7,764
751
3,005
1,417
5,344
11,763
2,376
564
5,743
4,864
3,568

037.824
29,449
47,144 12, 746, 109,311
35,789
673, 503,063
50,471
4,266, 296,277
33,663
1,485, 612,269
36,436 2,062, 502,723
132,053 8,031, 581,308
15, 585
854, 576,291
19, 752
481. 934,671
23,951
69,157

1,441, 333,852
1,315, 279.825
3, 593, 287,451

11,248

48, 712

532,386

37,934,054,865

19,671
22,619
30,972
39,145
24,819
21,931
91,919
11,281
18,945
15,138
45,778

7,927
16,130
3,293
7,010
6,948
7,992
26,323
2,067
7,416
13,415
3,408
19,190

Total—

351,307

121,119

8

All other
accounts

Total
number of
accounts

$98,592,454
46,913,994
54,714,729
178, 554,242
84,082, 740
57,565,084
63,747,734
9,955,675
26,063,369
88,396,648
52,167,562
189,843,356
2 332

Includes 30 banks which have been granted only certain specific fiduciary powers.
Includes 32 funds operated under sec. 17(b) of Regulation F of the Board of Governors of the Federal Reserve System, with assets of $1,859,977.




Total
liabilities

79,224,227,297

47,452,462,333

Agency,
escrow,
and
custodian
accounts

Boston..
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas
_.
San Francisco.

1

All other
liabilities

2,892,352,325

28,879,412,639

Number of accounts being administered
Federal Reserve districts

Agency,
escrow,
custodian, and
corporate
accounts

$12,974,903 $4,660,444,872
153 $6, 753, 581,801 $2,313, 863,423 $2.333,606,546
133,662, 755 17,861,105,197
166 17,829, 928,437 3,842,386,581 13, 885,055,861
1,880,153, 754
6,640,109
186 5, 527,229, 907 1,038,506,869
835,006, 776
9,887,316,212
5,619, 801,369 4,221,152,656
115 10,459,938,624
46,362,187
3,422,577,118
160 6, 645,683, 749 1,532,533,101
1,876,169, 722
13,874,295
4,379,782,442
163 9,605,306, 709 1, 773,332,861 2, 587, 798, 587
18,650,994
18,951,311,033
274 20,938, 725,491 4,737,311,384 11,711,446,817 2,502,552,832
875,411,649
414,263, 658
143 4, 620,851,821
7, 729, 970
453, 418, 021
2,938,551,410
611,237, 948 2,317,919, 552
9,393,910
66 3,257,149, 025
4,133,238,703
153 6,930, 718,637 1,361,162,569 2, 725,336,665
46, 739,469
2,248,620,242
1,540, 542,112
137 10,175,339,403
56,658,211
651, 419,919
7,985, 714,665
37,112,690
47 28,802,419, 660 4,094,470, 764 3,854,131,211

126
146
181
108
138
140
243
121
49
112
117
43
1,524

Total banking
Total
assets of banks
number
authorized authorized to
to exercise exercise fiduciary powers
fiduciary
powers

$16,439,000
31,320,000
6,645,000
25,909,000
10,819,000
12,616,000
43,803,000
3,811,000
7, 716,000
10,530,000
10, 111, 000
39,046,000

950,597,587

218, 765,000

o
d
pa

oo

00

to
TABLE NO. 19.—Classification of investments under administration by the active national bank trust departments, Dec. 80, 1961
Trust department investments classified accordIng to capital stock of banks administering
trusts

Percent

Bonds

Banks with
Banks with
Banks with
Banks with
Banks with
Banks with

$1,353,511
capital stock of $25,000
848.634
capital stock of $25,001 to $50,000
15,655,519
capital stock of $50,001 to $100,000
capital stock of $100,001 to $200,000™ 1,687, 700,467
296,438,248
capital stock of $200,001 to $500,000
22,440,345,846
capital stock of $500,001 and over

Total

24,442,342,225

Stocks

$36,269
97.39
702.854
39.41
21, 749,323
34.25
151, 620,378
78.26
33.70 395,125,148
55.40 13,422,070,273

Percent

Real-estate
mortgages

2.61
32.64
$149,942
47.58
3,292,264
7.03
62,042,334
44.92
79,114,761
33.14 1,803,262, 711

56.07 13,991,304,245 32.09 1,947,862,012

Percent

Real estate

Percent

Miscellaneous

Percent

Total
investments

6.96
$363,489 16.88
$88,436
7.20
3,860,451
1,151,822
8.45
2.88
27, 673,020
227,486,370
1.28
8.99
67,487,935
41,551,881
7.67
4.45 1, 552,147, 552 3.83 1,289,044,363

$1,389,780
2,153.355
4.11
45, 709,379
2.52
2,156,522,569
10.55
879,717,973
4.72
3.18 40,506,870,745

3.79 1, 559,322,872

3.58 43,592,363,801

4.47 1,651, 532,447

TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 30, 1961
Number
of banks
exercising
fiduciary
powers

Location

Alabama
Alaska . . . . .
Arizona
Arkansas .
California
Colorado
Connecticut
Delaware
District of Columbia
Florida. . _
Georgia......
Hawaii

_
_

_ .
_ .

..




.__

...

29
4
2
24
15
20
14
1
3
46
21

Number
with authority
but not
exercising
fiduciary
powers
6
2
12

3
4
1

Total
Total banking
number
authorized assets of banks
to exercise authorized to
exercise fidufiduciary
ciary powers
powers

35
4
2
26
15
32
14
1
3
49
25
1

$1, 522,718, 633
158,636,430
1,166,529,405
637,991,484
20,906,660,670
1, 530, 660,131
1,327,844,654
3,334,493
970,116, 529
2,846,910,606
1,736,885,180
330,707,047

Trust department liabilities
Trusts

Agency, escrow, custodian, and corporate accounts

$351, 755,570
3,229,153
(0
79, 732,918
2,972, 687,940
344,472, 644
755,337,005

$312,678,941
495,815
0)
32,284,888
3,000,082,447
576,209,140
541,391,269

510,761
28,775,946
38,147,889
4,101,642

112, 528, 567
6,001,546,333
958,829, 673
1,300,829,916

3154,342,996
700, 466, 891
381,068, 715

3 268,949,181
917,249, 849
534,340,809

3 1,343,399
7,113,562
3,663,153

3 424,635,576
1, 624,830,302
919,072,677

All other
liabilities
$5,045,748
11,719

0)

Total
liabilities
$669,480,259
3,1 736, 687
C)

8
W

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.—.
South Carolina..
South Dakota- _.
Tennessee
Texas
;..
Utah
Vermont
Virginia
,
Washington
West Virginia
Wisconsin
Wyoming
Total

,

See footnotes at end of table.




4
115
92
35
30
51
18
17
16
60
26
19
18
25
8
11
2
21
92
8
91
19
5
48
24
2
169
2
11
7
26
110
2
14
67
12
25
31
12

1,524

4

15

130
99
50
38
56
20
18
22
74
31
26
19
32
10
21
3
31
104
11
101
22
7
51
32
3
173
2
15
9
34
125
3
16
72
12
29
37
14

7

15
8
5
2
1
6
14
5

7
1
7

2
10
1
10
12
3
10
3
2
3
8
1
4
4
2
8
15
1
2
5
4
6
2
239

7

520, 467,831
25,394,083
11,614,025,037
2,492,656,089
3,372,438,992
672, 865,791
139,297,758
1,022,810,813
117,322,351
1,054,161,045
1,080,811, 895
150,165,176
107,630,982
2,034,287,871
107, 652,282
352,939,358
373, 699, 382
1,270,417, 761
4,405,222,429
1, 292,155, 560
1,224,953, 755
4,960,700,401
533,701,415
2,355,168,826
29,224, 559
405,087,857
2,305,379,251
407,890,086
13,385, 646
270,533, 625
197,324,484
917, 675,900
4
546,038, 621
365,957,030
55,923,962
299,374, 601
566,205,088
4,500,349, 540
58,359, 203
444, 836,886
3,275, 673,188
14,058,091,983
265,251, 552
1,133, 214,393
132, 644,702
22,751,060
5,652,475,086 1, 817,139,728
272, 682, 871
1,819,165,797
2,030, 450, 660
0)
8,771,135,438 4, 610,419, 646
576,613,964
(5)
723,309,753
148, 540,346
28,422,248
311, 608,360
389,722,732
2,553,938, 646
9,667,428,848 1, 488,075,179
522,354,496
0)
182,233,827
«236,042,401
1,985,492,768
490,146.027
2,800, 656,091
547,120,967
590,502,798
115, 663,931
1,065,000,371
295, 294,195
278,913,072
21, 526,483

1,763 131,546,873,264

2, 757, 798
125,152
28,277,033
8,690,025,529 2,273,489,774 13,456,171,392
212,387,795
495, 574, 897
1,380,828,483
1,226,400
228, 848,253
88,324,095
132,900,323
1,000,494
251,223,168
69,104,809
1,460,137
220,730,122
545,990,457
1,699,300
655,320,739
142,410,150
598,584
250,660,996
362, 766,088
2, 505, 720
738,971,190
7,874,850
1, 451,220,499
2,751,250,909
9,271,318
2,065,275, 645
3,299, 500,718
8,245, 584
2,269,185,374
2, 811,132,373
252,781
3, 510,396
32,987,736
5,636,344
961,494,729
1,375,021,159
12, 421,240
537,562
26,344, 448
959,304
438,358,068
636,641,856
* 5,647, 699 •1,054,850,276
« 503,163,956
35,178,946
563,028
91,665,936
1, 390, 464, 515
8,130,926
1,964,800,529
52,353, 837
237,976
110,951,016
12,919,927,272
125,367,344 16,320,967,804
2,905, 260
358,112,547
89,955, 735
344,114
41,872,450
18,777,276
1,297,174,576
25,379,657
3,139,693,961
755, 404,931
2,975,625
1,031,063,427
1

0)

3,239,396,450
(5)
96, 687,633
16,159, 515
391,609,813
632,880, 662

25,648,347
(5)
1,116.963
202,710
4,968,542
56,231,123

6 249,946,229
1,035,028,026
347,631,195
23,945,501
412,152,310
29, 621,519
28, 879,412,639 47, 452,462,333

6 767,084
5,053,935
2,552,174
1,203,347
6,903,513
168,040
2,892,352,325

0)

0)

C)

7,875,464,443
(5)
246.344.942
44,784,473
786,301,087
2,177,186,964

O

0)
6

486,755,714
1,530,227,988
897,304,336
140,812,779
714,350,018
51,316,042
79,224,227,297

fet

TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 30,

1961—Continued

Number of accounts being administered
Location

Alabama
Alaska
Arizona
Arkansas
California
—
Colorado
Connecticut
—Delaware
District of ColumbiaFlorida
_
Georgia-.
_
Hawaii
Idaho
Illinois
Indiana..
Iowa
>
_
Kansas
,.
KentuckyLouisiana-.,.
Maine
Maryland
_
Massachusetts
Michigan
„_>Minnesota
._
Mississippi
Missouri-Montana—
Nebraska
Nevada..
N e w Hampshire
N e w Jersey
N e w Mexico
N e w York
North Carolina
North Dakota
_
Ohio.
Oklahoma
Oregon
Pennsylvania....
Khode Island




Trusts

3,758
86

Agency,
escrow, and
custodian
accounts

0)

51,847
(5)

454
11

1,490

0)
1,861
29,135
6,764
6,250
(2)
3 1,549
7,669
4,673
1,296
66,458
11,804
2,327
2,202
3,529
2,447
1,795
3,230
9,779
9,057
8,709
727
4,756
303
2,767
4 8,383
707
8,073
991
16,000
5,710
927
13,601
1,961

Corporate
trust bond
issue accounts

14, 926
2,381
2,839

(2

0)
1,590
358
311
42

W

3 49
189
155

2,490
1,306
15,883
3,472
883
2,396
899
1,614
544
1,291
4,244
4,846
6,313
87
1,985
718
2,405
4 2,472

222
3,062
1,079
12,858
513
119
3,511
1,739
0)
5,767
(5)

25
1,044
384
80
120
79
198
139
101
383
6
175
26
153
4 128
8
118
8
545
188
49
710
139

0)

'1,294

All other
accounts

1,456

519
2,347
562
358
2
)
3 112
679
1,290
18
9,552
497
62
94
258
1,650
182
449
822
1,234
515
80
2,275
11
124
4
735
22
715
135
7,197
145
11
1,936
2,752

0)

1,562

1

00

Total number of accounts

Bond and debenture issues
outstanding
where bank
acts as trustee

7,158
112

$380,706,671
981,180

0)
4,242
46, 766
10,018
9,489
(2)
3 2,594
11,027
7,424

0)

60,470
(5)

year ended
Dec. 31,1961

$2,165,000
43,000

226,796,583
3,223,777, 913
276,450, 729
118,947,370

430,000
29,731,000
3,881,000
5,189,000

3 354,430, 704
635,833,687
574,274,371

3 1,723,000
5,197,000
2, 929,000

16,531,800
1,387
92, 937 6,884, 979, 989
626,040,691
16,157
23,537,178
3,352
126,560,186
4,812
65,132,821
4,765
5,909
136,318,847
2,617
378,656,420
5,039
711,389,487
14,984
366,595, 709
15,238
353,930,945
15, 920
1,972,400
900
516,384,454
9,191
21,346,725
1,058
308,020,752
5,449
4 11, 718 4 224,521,337
2, 986, 710
959
226,889,346
11,968
4,439,000
2,213
36,600 12, 569,979, 997
207,099,980
6,556
100,722, 901
1,106
948,835, 723
19, 758
6,591
665,765,656

(0

Trust department gross
earnings for

0)
3,924,939,935
(5)

180,000
29,052,000
4,487,000
1,068,000
926,000
1,320,000
949,000
912,000
1,840,000
9,445,000
7,629,000
7,069,000
162,000
3,410,000
90,000
1,360,000
4 5,171,000
372,000
6,309,000
403,000
25,197,000
1,833,000
217,000
9,416,000
1,659,000

(0
21,306,000
(5)

1
3

South Carolina.
South Dakota..,
Tennessee...—
Texas—
,
Utah
,
Vermont..—
Virginia
,
Washington
West Virginia. .
Wisconsin—^
Wyoming
..

640
186
1,693
3,201

0)
6 2,354
8,907
6,878
3,178
5,284
661

Total

351,307

1 Included withfiguresfor the State of Nevada.
withfiguresfor the District of Columbia.
Includesfiguresfor 1 bank in Delaware.
* Includesfiguresfor 2 banks in Arizona, 2 banks in Oregon and 2 banks in Utah.

2
Included
3

55
16
459
528

383
22
1,857
4,583

3,496
1,118
9,278
22,645

71,427,585
3,853, 900
271,546,223
1,311,608,825

888,000
264, 000
2, 467,000
9, 794,000

6 841
3,253
1,737
375
1,782
1,846

2,418
894
5,269
14,333

6 22
98
99
20
517
10

6 193
310
460
18
515
7

6 3, 410
12, 568
9,174
3,591
8,098
2,524

615, 518, 560
463,333,879
127,475,221
10, 663, 701
142,302,986
1, 749,125

61,394,000
3, 882,000
3,921,000
729,000
2,220,000
136,000

11,248

48, 712

532, 386

37,934,054,865

218, 765,000

121,119

0)

0)

3

s

Included withfiguresfor the State of Vermont.
6 Includesfiguresfor 2 banks in Rhode Island.
< Includes 30 banks which have been granted only certain specificfiduciarypowers.

TABLE N O . 21.—General comparative figures of fiduciary activities

Dec. 31—

Number of
banks ex- Aggregate trust Outstanding
bonds and
ercising
department
debentures
trust
liabilities
powers

1,585
1,512
1,513
1,513
1,503
1,480
1,486
1,476
1,477
1,493
1,507
1,524

1928
1951
1952 1953
1954—.
1955
19561957
1958
1959
1960
1961
1

Includes agency accounts in 1928.




2

$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
73,216,970, 685
79, 224,227,297

$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
35,962,616,446
37,934,054,865

Common trust funds
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
200, 599,000
218, 765,000

Number

60
71
88
105
130
165
218
234
282
332

Amount

$187,392,016
213,929,020
276, 970, 954
320,954,835
382,397,189
432, 822,133
518, 734,862
685,188,235
801,681,640
950, 597, 587

Number of accounts

Trusts

i 53,853
171, 589
184,125
194,231
207,157
214, 383
231,991
248,048
270, 789
303,933
324,928
351,307

Corporate
Agency, trust,bond
and deetc.
benture
issues
9,923
78,171
72,725
77,473
82,032
74,832
79, 327
82,916
87, 593
105,977
115,255
121,119

3
Other
accounts

o

I

o

(2)
2

()

7,217
7,611
8,011
8,056
8,381
8,839
9,619
10,139
10, 725
11,248

33,893
37,370
38 396
34, 543
35,103
36,860
37,910
45,087
45,053
48, 712

5d

Thesefigureswere not developed at the time.
OO
Or

TABLE NO. 22.—National banks administering employee benefit trusts and agencies during 1961 by Federal Reserve districts

Federal Reserve districts

Boston.... .
New York
Philadelphia
Cleveland Richmond
Atlanta
Chicago
St. Louis

__

Number of
banks

___

Total for national ^hanks
Nonnational banks located in the District of Columbia
Total

Market value Number of
plans

Held as agent only

Market value Number of
plans

Amount

OO

Number of
fully insured
plans with no
bank investment responsibility

—

40
68
87
67
63
77
146
50
35
71
73
34

435
789
302
1,402
480
806
2,245
237
713
616
515
757

$534,505,041
1,209,572,834
65,717,830
1,861,988,414
118,496,128
203,081,802
2,945,266,140
43,594,329
205, 755,446
117,147,131
163,504,221
394, 718,643

165
254
218
522
352
198
675
61
123
188
225
1,080

$28,992,850
436,296,378
47,207,969
274,340,125
101,313,819
52,898,254
372,013,051
21,565,284
31,662,171
78,315,404
172,116,621
353, 531,701

80
138
39
70
30
60
313
18
22
48
73
76

$74,974,769
197,369,729
327,767,281
1,098,108,614
54,005,336
301,695,238
345,838,016
138,391,028
5,296,227
58,869,735
52,002,065
93,943,961

96
89
68
510
120
198
299
34
127
145
22
219

9,297
45

7,863,347,959
15,559,847

4,061
24

1,970,253,627
5, 716,349

967
28

2,748,261,999
171, 717,163

1,927
113

814

__
__

Kansas City
Dallas
San Francisco

Number of
plans

Investments directed by
others

811
3

_

,.

With investment responsibility

9,342

7,878,907,806

4,085

1,975,969,976

995

2,919,979,162

2,040

TABLE N O . 23.—National banks administering employee benefit trusts and agencies during 1961 by States

Location

Alabama.
Alaska
Arizona
.
Arkansas.. .
California
Colorado
Florida.--

Number of
banks

—

-_
_




_

_-

15
2
2
12
12
13
11
28

With investment responsibility

Investments directed by
others

Held as agent only

Number of
fully insured
plans with no
bank invest-,
ment responsibility

Number of
plans

Market value

Number of
plans

Market value

Number of
plans

203

$62,829,303

32

$4,932,305

17

$14,385,892

36
499
132
171

3,393,657
327,019, 798
22,642,337
88,278,516

13
930
47
55

1,102,671
314, 545, 380
10, 755,004
13,258,160

2
27
17
23

2,722,805
73,696, 579
40,666.489
11,833,420

2
151
18
40

118

51,834,114

77

29,273,226

8

13,934,903

45

0)

(J)

Amount

12

0)

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
Ehode Island
South Carolina
Soiiith Dakota
Tennessee
—
TexasUtah
Vermont
Virginia.
Washington-_
West Virginia
Wisconsin
Wyoming
District of Columbia

283

11
-

_
_

_
_

_

_

-

Total for national banks
Nonnational banks located in the District of Columbia^.
Total.
»Included withfiguresfor the State of Oregon.
Included withfiguresfor the State of Nevada,
s Includesfiguresfor 2 banks in Arizona and 2 banks in Utah.

2




2
63
51
15
19
16
13
4
5
20
20
15
6
14
6
7
2
3
39
4
40
9
3
41
13
2
92
1
6
6
12
70
2
3
30
10
11
20
7
3

99
17
233
490

1,922, 700,256
82, 779,158
16, 595,803
5,251,857
3,482,644
13, 747,497
2,478,394
7,102,211
419, 780,206
889,231,279
202, 759,686
1, 641,851
55,648,965
384,967
10,694,350
3 21,208,212
1,340,230
15,437,356
1,808, 523
1,192,546, 589
21,164,474
1,022, 729
379,812,335
34,680,325
* 15,925,942
1, 541,442, 714
(6)
12,846,460
1,533, 797
38,954,688
157,405,492

6 51
117
122
25
192
5
83

811
3
814

1,019
427
67
56
34
49
20
38
207
603
630
18
235
15
114
3 64
14
111
27
699
120
46
897
93
472
746

56

51,474,800

C1)

C1)

0)
182
124
40
17
16
29
23
84
88
236
57
3
30
9
50
3 35
3
96
16
200
112
28
323
31
444
357

8,956,955

0)
225,084,099
33,061, 532
3,306,033
4, 509,818
9,853,272
13, 745,201
4,825,213
17,081,860
14, 705,389
63,241, 469
28,616,949
85, 523
9,431, 595
1, 548, 996
20,395,961
3 10, 376,088
253,855
19,888,479
408,632
415,682, 362
25, 566,132
845,367
175,605, 372
36,819,269
* 8, 705, 700
140,822,801

47
27
27
218

16,258,391
592,913
6,175, 750
166, 751,662

6 29,895,170
24, 762, 759
30, 564,691
1, 430,848
46,396,899
183,439
51,232,638

64
72
71
21
108
6
17

6 1, 303,609
25,696, 503
19,904, 534
3,403, 793
48, 832, 731
588,199
13,454,871

9,297
45

7,863,347,959
15, 559,847

4,061
24

1,970,253,627
5, 716, 349

9,342

7,878,907,806

4,085

1,975,969,976

15
W

2 33

25,100,174

0)

26
6
6
2
15

252, 766,841
11,461, 392
714,805
472,162
61,406
227,870,204

5
48
32
21

31, 636,918
31, 758,047
36, 318, 766
5,264,817

22

125, 778,015

4
35
2
50
1
89
1
34
5
* 14
66

573,098
3 5,101,920
141,969
324, 574,060
19,102
181,457,324
10,361
16,859,009
5, 358,846
* 6,304, 573
1,099,306,581

5
1
13
71

2,263,044
31,410
42,898,972
50,966,638

9
30

6 32,239,068
13, 549,673
8,840,888

18

44,776,488

10
967
28
995

6, 545,340

41
51
49
22
22
4
43
5
27
44
138
88
15
58
8
51
3 13
6
35
2
63
37
18
412
10

no

tr!

148
13
9
46
21
1C
45
2
49
4
26

2,748,261,999
171,717,163

1,927
113

2,919,979,162

2,040

4

Includesfiguresfor 2 banks in Alaska and 2 banks in Idaho,
s Included withfiguresfor the State of Vermont.
6
Includesfiguresfor 1 bank in Rhode Island.

OO

TABLE N O . 24.—Income, expenses, and dividends of national banks for the year ended Dec. 31, 1961
[Dollarfiguresin thousands]
Current operating revenue
N u m b e r of
banksi

Location

Interest and dividends
on securities

Interest

and
discount
on loans

Service
charges
and other
fees on
banks'
loans

Other service
charges,
Service
charges on commissions,
deposit fees, and colaccounts lection and
exchange
charges

U.S. Government obligations
Maine
New Hampshire
Vermont
_ _
M assachusetts
Rhode Island
Connecticut
___
Total New England States
New York
New Jersey
Ppnnsylvanm
Maryland
__ _
District of Columbia
Total Eastern States
Virginia.
West Virginia
North Caroling
South Carolina
Georgia
Florida..
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky. _ »
Tfinnpspp^.

Total Southern States




23
51
30
98
4
22

2,210
2,270
1,620
27,954
3,346
6,829

691
595
433
6,002
2,104
3,021

12,623
10,507
7,584
124,194
17,868
39,566

162
91
98
2,049
140
761

228

44,229

12,846

212,342

3,301

21,400

9,989

233
156
450

92,297
34,302
75,294

39,362
18,617
30,892

365,184
122,492
257,738

6,102
1,672
3,023

26,662
13,539
15,302

8,603
2,216
3,926

52
4

11,248
7,899

2,757
877

30,770
22,415

761
335

2,958
2,533

732
422

898

221,128

92,526

798,844

11,893

61,004

128
76
31
25
53
121
69
27
42
473
56
86
74

14,784
7,974
6,256
5,810
10,688
30,696
11, 571
2,991
16,957
70,253
5,071
9,684
17,471

5,297
1,416
2,040
1,494
3,218
7,308
4,762
1,538
4,376
20,034
2,544
2,412
5,387

61,273
18,082
30,485
19,131
56,047
79,783
45, 737
10,932
48,402
253,380
17,871
27,293
69,779

694
182
1,256
102
788
2,665
477
20
331
2,072
67
331
609

5,724
1,155
3,474
3,132
6,228
11,073
5,318
1,545
4,798
17,410
1,880
2,343
4,395

1,261

210,206

61,826

738,195

9,594

68,475

Other
current
operating
revenue

Total
current
operating
revenue

H

_

_

__
,..
___

_ _
_-

Other
securities

Trust
department

1,079
1,689
739
11,920
1,466
4,507

912
372
153
9,445
1,241
5,189

142
172
110
5,259
206
560

18,068
15,967
10,837
194,715
26,923
61,358

17,312

6,449

327,868

25,197
6,309
21,306

34,763
1,842
4,414

598,170
200,989
411,895

1,840
1,723

447
229

51,513
36,433

15,900

56,375

41,697

1,299,367

1,346
372
908
1,055
2,344
2,402
1,095
667
1,700
5,507
732
370
2,198

3,882
729
1,833
888
2,929
5,197
2,165
162
949
9,794
430
1,320
2,467

792
243
282
197
633
1,353
863
188
865
4,514
272
320
758

93,792
30,153
46,534
31,809
82,875
140,477
71,988
18,043
78,378
382,964
28,867
44,073
103,064

20,696

32,745

11,280

1,153,017

249
271
100
7,892
552
925

I

4

Ohio.......
Indiana
Illinois
Michigan...
o> Wisconsin. _
£ Minnesota.
Oi Iowa..
SJ Missouri. . Total Middle Western States..
North Dakota..
South Dakota..
Nebraska
Kansas..
Montana
Wyoming
Colorado
New Mexico. __
Oklahoma
Total Western States..
WashingtonOregon
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

222
126
400
79
101
180
97
7
7
1,282

57,187
29,483
110,833
42,635
18,350
21,290
8,866
17,397

17,246
5,989
35,344
16,173
4,720
6,809
2,681
4,380

163,729
81,649
307,198
128,335
53,260
85, 816
26,387
57,777

2,001
917
4,228
1,323
686
941
194
351

14,811
7,540
18,699
10,672
3,895
7,820
2,729
3,000

3,081
1,615
6,942
3,683
1,035
4,325
873
728

9,416
4,487
29,052
7,629
2,220
7,069
1,068
3,410

2,456
1,091
4,979
1,502
870
1,038
428
743

269,927
132,771
517,275
211,952
85,036
135,108
43,226
87,786

306,041

93,342

904,151

10,641

69,166

22,282

64,351

13,107

1,483,081

38
33
121
167
43
26
80
29
200

3,721
3,782
9,204
13,115
4,098
2,894
11,472
5,056
18,335

1,242
956
2,437
4,664
1,240
602
2,071
702
5,386

10,685
13,371
33,595
31,863
12,829
9,135
45,481
15,289
58,850

152
213
79
172
360
166
743
297
634

1,368
1,534
2,951
3,918
1,735

671
928
816
711
595
501
1,047
702
1,118

217
264
1,360
926
90
136
3,881
403
1,659

159
154
353
696
165
103
693
241
701

18,215
21,202
50,795
56,065

737

71,677

19,300

231,098

2,816

25, 702

7,089

8,936

3,265

369,883

24
10
40
10
7
3
3
7
2

18,548
12,143
126,315
5,529
2,722
2,399
5,538
1,607
2,493

5,620
5,711
40,417
1,212
1,178
1,135
1,804
465
770

83,008
56,076
636,007
14,730
17,026
11,102
39,608
6,466
10,164

1,767
892
16,304
634
1,300
423
1,611
628
352

12,442
7,667
73,844
2,089
1,842
757
5,254
1,006
795

2,890
1,610
14,447
571
581
514
1,607
532
197

3,921
2,654
29, 731
180
502
689
1,326
43

1,677
1,233
15,405
184
105
185
258
87
68

129,873
87,986
952,470
25,129
25,256
17,204
57,006
10,834
14,839

106

177,294

58,312

874,187

23,911

105,696

22,949

39,046

19,202

1,320,597

4,512
1

1,030,575
144

338,152
65

3, 758,817
530

62,156
40

351,443
17

98,905
74

218, 765

95,000
39

5,953,813
909

4,513

1,030, 719

338,217

3,759,347

62,196

351,460

98,979

218,765

95,039

5,954,722

3
7
145
4,358

55,074
45,453
411,349
518,843

22,971
17,389
125,224
172,633

207,587
179,925
1,701,804
1,670,031

3,287
1,897
32,436
24,576

8,735
1,831
149,148
191, 746

5,431
3,580
42, 702
47,266

10,744
24,938
112,005
71,078

32,584
2,994
35,532
23,929

346,413
278,007
2,610,200
2,720,102

996
5,276
1,833
6,091

21,112
14,533
70,664

24, 523
92, 774

1
Number of banks as of end of year, but figures of income, expenses, etc., include those banks which were in operation a part of the year but were inactive at the close of
the year.




00
CO

TABLE NO. 24.—Income, expenses, and dividends of national banks, for the year ended Dec. 31, 1961—Continued
[Dollarfiguresin thousands]
Current operating expenses
Salaries and wages
Officers

Location

Amount

_ ._

Pennsylvania
Delaware
Maryland
_
District of Columbia
Total Eastern States
Virginia
_
West Virginia
South Carolina

-_

Florida
Mississippi
Louisiana
Texas
Arkansas

-

-

Tennessee
Total Southern States




Amount

-~_

-

1,739
1,960
1,108
16,614
1,731
6,265

208
250
149
1,486
177
566

3,100
2,592
1,571
37,461
3,964
13,577

29,417

2,836

62,265

3,314
1,673
3,684
9
544
274

98,235
36,012
62,301
37
9,283
6,587

97,329

. .

Rhode Island
Connecticut
Total New England States
New York

Number l

39,006
17,106
33,345
46
4,255
3,571

Maine
Vermont

Employees other
than officers

9,498

212, 455

9,290
3,304
5,729
3,704
7,979
13, 744
7,484
2,091
7,280
41,305
3,641
5,065
9,297

1,072
381
576
407
767
1,387
746
231
650
4,206
428
633
975

14,506
4,255
9,116
6,364
15,692
26,139
12,151
2,922
13,196
53,493
4,191
6,891
15, 955

119, 913

12,459

184,871

Number 2

Officer
and employee
benefits
(pensions,
hospitali-

zation,
social
security,
insurance,
etc.)

Fees paid
to directors and
members Interest
of execu- on time
and
tive, dissavings
count,
and other deposits
committees

Furniture
and
equipment
(depreciation,
rents,
servicing,
uncapitalized
cost etc.)

555
696
288
7,782
1,318
3,363

150
203
148
850
96
348

17,479

14,002

1,795

37,281

766

16, 569

23, 714
10, 111
16, 715
12
3,128
1,667

27, 513
6,606
13,304
5
1,479
791

1,766
1,585
3,200
9
328
226

113, 884
49,840
93, 423
126
9,262
5,324

4,096
294
1,042
189
22

31,056
11,022
17,685
11
2,376
1,802

55,347

49,698

7,114

271, 859

5,643

63, 952

4,500
1,292
2,829
2,099
4,652
7,682
3,663
903
3,684
15,106
1,386
2,273
4,890

2,753
909
1,707
1,213
3,491
4,418
2,288
435
2,421
10,416
1,006
1,484
3,276

784
366
224
202
413
872
352
187
440
2,216
329
402
429

19,401
5,688
5,648
2,241
9,700
23, 577
11,679
2,598
13,080
56,640
4,510
5,558
19, 934

149
41
99
20
231
302
103
59
194
1,745
8
46
251

3,278
1,123
2,217
1,420
4,471
6,859
2,135
898
3,836
15,191
1,396
2,542
4,225

54, 959

35, 817

7,216

180,254

3,248

49,591

25, 520

941
842
475
10,284
1,224
3,713

3,231
1,790
3,448
13,731
7,824
7,257

Interest
Net ocand
discount cupancy
on bor- expense
rowed of bank
money premises 3

20
34
6
504
54
148

1,016
869
560
9,852
1,028
3,244

Net
Other
Total
current
current current operating
operating operating earnings
expenses expenses

2,230
2,295
1,093
20,921
2,767
7,706

12,450
10,882
8,450
111, 587
19, 251
43,576

7,089

37,012

206,196

121,672

10, 443
4,956
7,725
11
966
863

61,114
21,943
49,222
31
6,026
3,909

387,113
149,364
281,247
276
34,164
23,095

211,057
51,625
130,648
91
17,349
13,338

24, 964

142,245

875, 259

424,108

2,124
594
1,105
904
2,102
4,122
1,553
491
1,298
7,222
703
973,
2,329

10, 940
3,517
5,628
4,477
11, 950
17, 765
8,748
2,834
11,346
53,127
3,899
5,621
12,020

63, 225
19, 797
31, 473
20,545
56,029
97, 798
46,493
12.515
53,091
241,355
19,683
28,582
67,716

30,567
10,356
15,061
11, 264
26, 846
42,679
25,495
5,528
25, 287
141,609
9,184
15,491
35,348

151,872

758,302

394,715

409
443
228
3,872
469
1,668

5,618
5,085
2,387
83,128
7,672
17, 782

Ohio
Indiana
. . .
Illinois
Michigan
Minnesota
_- Iowa
Missouri
_
_
Total Middle Western StatesNorth 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)
O t h e r R e s e r v e cities
Country banks

.

._-._.

1
2

22,064
13,110
38, 902
14,032
8,497
13,608
5,707
8,321

2,053
1,271
3,419
1,162
784
1,362
599
795

43,067
22,959
78, 844
39, 407
13, 357
22, 913
6,548
14, 660

11, 608
6,300
19, 574
10, 229
4,188
6,361
2,008
4,242

7,901
4,648
19,012
8,614
2,797
5,380
1, 416
2,937

1,409
775
2,350
678
504
706
324
510

54, 732
24,069
96,612
51, 904
19, 557
22, 293
6,841
12, 647

634
136
2,541
701
117
295
99
159

9,900
5,765
21,055
10,646
3,190
6,026
2,003
4,063

4,907
2,849
6,936
4,672
1,581
2,863
967
1,170

34, 584
16, 851
48,832
22, 579
8,690
14, 226
6,003
10, 231

179,198
91,162
315,084
153,233
58,290
88,310
29, 908
54,698

90, 729
41,609
202,191
58, 719
26, 746
46, 798
13, 318
33,088

124,241

11,445

241, 755

64, 510

52, 705

7,256

288, 655

4,682

62,648

25, 945

161, 996

969,883

513,198

2,089
2,668
7,249
7,886
2,301
1,758
7,207
2,727
12,231

243
316
742
908
264
180
755
276
1,377

2,311
2,721
7,725
7,776
3,251
2,218
12,184
4,518
12, 952

778
881
2,398
2,378
922
623
3,440
1,279
3,861

611
792
2,020
1,470
818
279
2,167
683
2,928

124
110
468
564
120
119
497
133
598

3,782
3,848
4,709
7,092
3,894
2,790
11,811
3,751
11, 943

11
6
233
95
50
23
127
3
156

606
776
2,108
2,454
829
473
3,413
1,101
3,083

380
502
1,135
1,186
472
377
1,528
674
1,791

2,083
2,336
6,384
6,706
3,193
1,428
7,751
3,430
10,356

11, 997
13 759
32,031
35,229
14,928
9,465
46,685
17,020
56,038

6,218
7 443
18, 764
20, 836
6,184
5,068
23, 979
7,503
36, 736

46,116

5,061

55, 656

16, 560

11, 768

2,733

53, 620

704

14, 843

8,045

43,667

237,152

132, 731

12,175
9,192
67, 927
2,690
1,696
1,567
5,546
1,364
1,159

1,239
1,075
7,266
260
197
201
560
102
99

25,285
15,040
175,289
3,708
3,378
2,761
11,985
2,462
2,394

6,412
3,772
40, 505
1,108
1,011
717
3,045
548
631

4 305
2,608
27,356
725
773
375
2,048
250
891

280
145
626
88
98
26
102
28
34

24,366
23,038
250,106
5,070
5,512
3,601
9,896
1,532
3,472

174
73
3,744
48
91
3
47
14
22

6,017
3,757
40,219
800
821
809
3,466
689
712

3,079
1,907
21,398
552
542
312
2,172
366
369

12, 463
7,592
87,182
2,432
2,573
1,363
6,552
1,490
1,343

88,144
63,352
673,847
16,113
15,484
10, 817
41,814
8,195
10,396

41, 729
24, 634
278,623
9,016
9,772
6,387
15,192
2,639
4,443

103,316

10, 999

242,302

57, 749

39,331

1,427

326, 593

4,216

57,290

30, 697

122, 990

928,162

392,435

520,332
61

52,298
6

999,304
189

266,604
58

203,321 \
24

27,541 1,158, 262
5
282

19,259

[264, 893
13

122,260
16

659, 782 3, 974,954
681
91

1, 978, 859
228

520,393

52,304

999,493

266, 662

203,345

27,546 1,158,544

19, 259

264,906

122, 276

659,873 3, 975,635

1, 979,087

16, 972
12, 762
192,191
298,468

1,041
779
17,440
33,044

61,203
40, 863
464, 951
432, 476

13,288
9,067
116,146
128,161

18,679
11, 409
85, 809
87, 448

54, 029
38,026
499, 012
567, 477

3,522
2,359
10,460
2,918

18, 837
8,912
105, 930
131,257

4,911
2,256
50,148
64, 961

204,098
25, 701
138, 475
21, 659
277, 315 1,689, 784
335,198 1, 943,278

142,315
139,532
920, 416
776,824

Number at end of period.
Number of full-time employees at end of period.
3 For detailedfiguressee supplemental Table No. 24-A on page 196.




244
229
3,998
23,075

TABLE NO. 24.—Income, expenses, and dividends of national banks for the year ended Dec. 81, 1961—Continued

CO

[In thousands of dollars]

to
Losses, chargeoffs, and transfers to valuation reserves

Recoveries, transfers from valuation reserves, and profits i
On loans

On securities
Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

._

Profits
TransTranson secu- Recov- fers from Recov- fers from
rities
valuavaluaeries
eries
sold or
tion
tion
redeemed
reserves
reserves
._

-

_

12

59
6
170

56
35
10
95
8
43

44
25
1,463

19
14
1,605
215

83
48
52
4,922
36
196

888
595
118
14,566
2,239
2,566

98
200
123
1,115
92
543

Total Southern States




5,162
1,781
1,365

51
33
15
146
18
12

457
494
259
9,192
576
2,021

155
138
64
2,872
284
1,301

853
1,147
473
18,547
2,751
5,247

235

1,544

247

1,853

5,337

20,972

2,171

166

8,593

275

12,999

4,814

29,018

__

2,084
39
127

16,423
488
5,674

377
184
486

12,394
405
3,464

2,905
1,262
1,599

59, 760
9,302
39,719

2,075
2,161
2,082

325
272
652

19,618
2,894
23,641

69,734
7,787
19,398

6,586
1,461
4,358

__

2,957
510

25
1

412

80
15

9

172
467

3,655
993

119
1

93
159

983

486
478
589
20
111

2,756
1,106

1,076
298

98,824
15,053
50,720
21
5,138
1,564

64,338

2,276

22,997

1,147

16,272

6,405

113,435

6,438

1,501

47,136

1,684

100,781

13,780

171,320

27
9
3
15
8
6
3
61
13
128
5
172
70

673
72
10
4
4
60
55
177
1,818
66
243
564

99
112
34
18
43
209
195
49
37
1,922
216
81
32

156
16
114

_

3,189
1,499
805
948
789
4 832
4,793
371
4,963
8,431
879
1,175
3,342

33
47
78
118
998
1,231
29
241
190

242
188
201
71
1,243
518
199
201
194
1,483
45
220
826

4,386
1,896
1,167
1,052
2,120
5,616
5,328
855
6,382
15,013
1,240
2,132
5,024

296
223
79
20
118
778
174
51
438
680
104
154
292

78
43
30
16
31
63
17
14
60
543
14
93
240

1,333
364
14
41
46
376
6
374
2,429
2,836
174
704
2,299

131
162
52
11
44
569
491
53
66
3,000
286
188
128

3,124
806
961
995
3,006
5,556
3,452
963
3,315
17,365
1,521
1,115
3,349

571
105
542
243
1,633
1,227
626
306
1,589
4,746
416
418
1,207

5,533
1,703
1,678
1,326
4,878
8,569
4,766
1,761
7,897
29,170
2,515
2.672
7,515

„

36,016

520

3,746

3,047

3,251

5,631

52,211

3,407

1,242

10,996

5,181

45, 528

13,629

79,983

Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
K^ntn^ky
Tennessee

5

73
212

11,756

K

Maryland
District of Columbia

19
70
12
60

All
other

Total
losses,
chargeoffs, and
transfers
to valuation
reserves

25, 577
6,924
28,369

Total New England States—
New York
New Jersey
Pennsylvania.

686
414
50
6,311
2,195
2,100

All
other

On securities
On loans
Total
recoveries,
transfers
from valu- Losses Charge- Transfers Losses Transfers to
oflfs on se- to valuation
and
on
ation
reserves
charge- valuasecuri- curities
tion
not sold reserves
and profits
offs
ties
reserves
sold

2

_

_.

Q

o
o
*4

12,071
7, 541
47, 245
3,176
5,688
4,326
1,100
3,846

40
15
627
13
12
79
166
27

3,967
2,011
6,099
963
2,692
110
73
841

284
115
334
46
13
351
45
61

811
134
4,950
363
27
15
225
10

321
905
726
1,033
311
334
506
268

17,494
10,721
59, 981
5,594
8,743
5,215
2,115
5,053

529
2,520
1,609
150
551
223
443
900

2,037
104
724
10
62
715
101
106

9,967
2,408
39. 349
4,166
497
1,065
77
1,880

512
228
4,405
40
33
484
151
95

6,164
4,649
24,132
7,119
3, 685
2,137
1,292
1,663

1,731
1,945
4,512
3,043
397
578
1,278
691

20,940
11,854
74, 731
14, 528
5,225
5,202
3,342
5,335

84, 993

979

16, 756

1,249

6,535

4,404

114, 916

6,925

3,859

59, 409

5,948

50, 841

14,175

141,157

218
128
853
2,608
322
668
2,306
677
4,153

2
3
194
14
56
11
32
1
9

35
68
201
355
13

6
77
94
292
428
87
136
90
689

8
43
277
58
73
34
13
13

321
51
367
274
65
32
352
166
204

590
302
1,853
3,447
1,299
845
2,839
934
5,068

10
19
228
361
16
31
104
24
98

14
19
157
741
147
69
85
8
87

5
841
463
503
183
869
45
895

22
47
104
695
472
213
222
69
1,281

552
845
1,816
1,102
290
277
2,542
1,829
2,712

129
94
853
918
136
185
1,531
260
572

727
1,029
3,999
4,280
1,564
958
5,353
2,235
5,645

11,933

322

672

1,899

519

1,832

17,177

891

1,327

3,804

3,125

11,965

4,678

25, 790

4,383
81
25, 585
760
266
2,681
344
60
39

715

23

34
6
154
15
8
2
2
70

353

200
143
4,647
10
7
22
925
51
67

5,708
230
41, 557
788
281
2,705
1,282
181
121

693

74
1
8,498
5

1,763
1,929
17,889

86
6
152
23

3,068
531
30,951
386
148
293
2,275
436
205

584
341
8,841
42
54
64
881
69
48

6,268
2 808
66,628
2,271
208
2,315
4,035
669
269

34,199

717

10,683

291

891

6,072

243,235
1

5,049
3

56,398

7,880

29,321

Total United States and possessions

243,236

5,052

56,398

7,880

New York City (central Reserve
city)
Chicago (central Reserve city)
Other Reserve cities
C ountry banks

20,046
31,600
97,850
93, 740

232
959
3,861

15,631
5,006
27,891
7,870

51
61
628
7,140

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.

10,645
2

11

297
1,815
6

1,904
831

54

48
28
1

4

52,853

2,888

8,582

24, 331

453

38,293

10,924

85,471

29,681
9

371, 564
13

22, 720

16,677

154, 269

16,666

260,407
17

62,000
50

532, 739
67

29, 321

29,690

371, 577

22, 720

16,677

154, 269

16,666

260,424

62,050

532,806

11,832
4,345
8,408
4,736

1,178
274
16,177
12,061

48, 738
41, 518
151,913
129,408

440
939
6,569
14, 772

381
11,992
4,304

15,159
33, 998
71,413
33,699

4
3,685
611
12,366

57,310
15,223
94,196
93,695

4,471
2,764
26,617
28,198

77,384
56,990
211,398
187,034

15

1 Not including recoveries credited to valuation reserves.
2
Not including losses charged to valuation reserves.




526
1

s
s

132
15

CO
CO

TABLE N O . 24.—Income, expenses, and dividends of national banks for the year ended Dec. 31, 1961—Continued

CO

[In thousands of dollars]
Cash dividends declared

Taxes on net income
Net income
before
related
taxes
Federal

Location

Net income
before
dividends On common
stock

State

605

42

1,117

3,454
2,771
1,342
38, 687
4,014
8,626

20,087
2,552
4,762

7,632

58, 894

30,283

42

30,325

8,519

96,982
33,104
72, 613

56, 565
13,467
38,026

7
14
2

56, 572
13,481
38,028

2,199
1,762
34,560
2.605
5,358

5,900

-

5,653
4,533
2,032
79,147
7,160
15,101

Total New England States

113, 626

47,100

171, 993
45,874
119, 647

66,492
12, 770
47,034

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsyl v ania
Delaware
M aryland
District of Columbia—

-

-

76

Total Southern States
Ohio
Indiana




21

15, 866
12, 767

_.

138,965

74

541

1

29, 420
10, 549
14, 550
10,990
24,088
39, 726
26,057
4,622
23, 772
127, 452
7,909
14,951
32, 857

12 441
4,446
6,209
4,635
10, 321
16,156
9, 313
1,371
10,081
51,050
2,408
6,183
15,041

366,943

149, 655

87,283
40,476

37, 293
15,051

54

1,260
1,017

1,260
1,017

218,738

116,347

1,218

16, 979
6,103
7,859
6,148
13, 767
23, 570
15, 526
3,251
13, 691
76, 402
5,501
8,768
17, 816

7,393
2, 365
4,238
2,604
6, 407
8,295
5,867
1,244
4, 857
36, 894
2,134
2,694
7,062

1,907

215,381

92,054

49, 990
25,425

20, 784
8,601

482
207

Percent
10.01
8.17
6.52
9.26
8.59
8.51

28,569

654, 817

8.99

62.89

40,410
19, 623
34, 585

1,230,827
339,398
1,006,853

64.72
74.31
68.28
75.20
66.32
63.39

695

18,600
1,462
3,864

Percent
68.91
68.15
77.97
57.31
71.50
71.02

4,829
3,437

4,334
3,385

105,230
71,114

116,370

102,368

2,754,302

7.94

67.36

7,393
2,365
4,238
2,604
6,407
8,305
5,867
1,244
4, 857
36, 894
2,134
2,694
7,062

9,586
3,738
3,621
3,544
7,360
15,265
9,659
2,007
8,834
39, 508
3,367
6,074
10, 754

185,095
74, 369
92,384
55, 561
154, 295
276,773
140, 328
33,370
171,006
858,252
61, 231
99, 646
192, 644

9.17
8.21
8.51
11.07
8.92
8.52
11.06
9.74
8.01
8.90
8.98
8.80
9.25

67.41
65.66
67.63
64.59
67.61
69.62
64. 58
69.36
67.74
63.02
68.18
64.85
65.70

10

92,064

123,317

2,394,954

8.99

65.77

1

20, 784
8,602

29,206
16, 823

552, 482
265,945

9.05
9.56

66.39
68.66

23

4,829
3,437

8,520

647

20,087
2,552
4,762

34,502
33,907
20,591
417,657
46,742
101, 418

2,194
1,754

7.88
9.75
7.21
6.14
8.71
9.59

23

9,163
6,822

6 703
5,945

366,223

-

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

616

On preferred
stock

Ratios

Net income
Capital Net income
after
Expenses
Total cash
before
accounts *
dividends to gross
dividends dividends
to capital income
declared
accounts

23

10

31

880

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

879

104,069
33, 252
19. 999
24, 750
7,165
18, 437

39,143
15, 457
7,171
10, 971
2,832
6,940

5,350

283,087

111, 899

133
187

3,770
3,720
9,389
12, 425
3,483
2,687
10, 276
4,069
20, 665

1,613
1,426
4,348
4,015
1, 656
1,018
5,128
1,563
7,148

187,441
49, 785
30,264
46, 811
12, 091
32, 806

83,372
16, 533
9, 434
18, 421
4,926
13, 490

831
3,640

486, 957

198, 520

6,081
6,716
16,618
20,003
5,919
4,955
21, 465
6,202
36,159

2,178
2,809
7,229
7,578
2,436
2,268
9,645
2,133
14,479

1,015

124,118

50,755

2,879

41,169
22,056
253, 552
7, 533
9,845
6,777
12,439
2,151
4,295

17, 904
7,367
104, 271
3,757
4,371
3,309
5,905
918
1,708

359, 817

1,544

60.91
72.30
68.55
65. 36
69.19
62.31

44

64,926
17,753
12, 827
13, 779
4,333
11,497

1,140,376
368,979
164,296
260, 782
90,402
200,175

111, 943

171,144

3,043, 437

9.30

65.40

2,157
2,294
5,041
8,410
1,827
1,669
5,148
2,506
13, 517

28, 667
29, 691
110, 369
123, 547
32,034
25, 396
122,828
38, 826
222,017

13.15
12. 53
8.51
10.06
10.87
10.58
8.37
10 48
9.31

65.86
64.89
63.06
62, 84
70.71
65.13
66.07
69 40
60.40

70, 484

27,915

27, 915

42, 569

733, 375

9.61

64.12

300
6
230

23, 265
12, 816
137, 586
3,281
5,269
3,468
6,234
1,227
2,357

9,390
7,282
78,957
2,451
2,141
2,081
3,823
357
980

9,390
7,282
78,957
2,451
2,141
2,081
3,823
357
980

13, 875
5,534
58, 629
830
3,128
1,387
2,411
870
1,377

208, 555
156, 571
1,306, 438
36 648
40,383
24, 594
76, 537
11, 668
27,106

11.16
8.19
10.53
8 95
13.05
14.10
8.15
10.52
8.70

67.87
72.00
70.75
64 12
61.31
62.87
73.35
75.64
70.06

149, 510

14, 804

195, 503

107, 462

107,462

88,041

1,888, 500

10.35

70.28

1,817, 684
174

734, 505
60

41,092

1,042,087
114

485,960

119

486,079

556,008
114

11, 469, 385
1,514

9.09
7.53

66.76
74.92

1, 817, 858

734, 565

41,092

1,042,201

485, 960

119

486,079

556,122

11,470, 899

9.09

66.76

113, 669
124,060
860,931
719,198

47,313
61,161
361. 811
264,280

5,757

60, 599
62, 899
476,522
442,181

39,382
26, 491
236,170
183,917

42
77

39, 382
26, 491
236, 212
183,994

21, 217
36, 408
240,310
258,187

839, 606
712,437
4,965, 496
4,953, 360

7.22
8.83
9.60
8.93

58.92
49.81
64.74
71.44

1,873
11. 695
495
205

22, 598
12,737

1
Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement fund for preferred stock
the June and December call dates in the current year and the December call date in the previous year.




9.13
9.01
12.17
9.49
7.93
9.21

39,143
15 499
7,172
10, 971
2,832
6,940

1,613
1,426
4,348
4,015
1,656
1,018
5,128
1,563
7,148

42
1

Figures are averages of amounts reported for

CO

TABLE N O . 24-A.—Occupancy expense of bank premises of national banks for the year ended Dec. SI, 1961
[Dollarfiguresin thousands]
Maintenance,
repairs,
and un- Insurance,
capitalutilities
ized
alteration (heat,
light,
costs of
bank
and
premises water),
and
etc.

Salaries and wages of building
employees

Location

Amount

Maine
New Hampshire
Vermont
Massachusetts

Number i

_ . __

NumAmount ben

Recurring
depreciation on
bank
officer
premises
and
employee and
benefits leasehold
improvements
leasehold
improvements
Building

Less
Taxes on
bank
premises
and
prem- leasehold
ises improvements
Rents
paid
on
bank

178
113
88
1,493
338
575

93
63
48
474
126
185

17
10
6
249
56
70

251
135
140
2,132
341
702

106
100
61
1,190
146
399

226
181
127
2,407
310
741

196
273
132
1,314
260
706

168
174
90
3,020
380
739

Gross Rental
Net
occu- income
occupancy from Other Total pancy
expense bank credits credits expense
premises

1,142
986
644
11,845
1,852
3,932

115
113
82
1,904
771
687

11
4
2
89
53
1

126
117
84
1,993
824
688

1,016
869
560
9,852
1,028
3,244

40
21

Total Southern States




_ _

408

3,701

2,002

3,992

2,881

4,571

20,401

3,672

160

3,832

16,569

836
189
547

5,947
2,033
3,741
4
633
370

7,379
1,983
3,145

34,935
12,443
22,271
11
3,241
2,070

117
20
149

3,879
1,421
4,586

970
75

4,976
2,118
2,856
1
340
273

3,762
1,401
4,437

2
2

4,572
2,043
2,702
2
335
312

858
255

7
13

865
268

31,056
11,022
17,685
11
2,376
1,802

176

12
47
21

_

989

3,647 1,006
1,383
469
4,636 1,751

7
10

_..

2,785

9
2
9

22
15

Total Eastern States

6

78
15
46

New York
New Jersey
Pennsylvania
Delaware
^Maryland
District of Columbia

4
2

61

Connecticut
Total New England States

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

Employees
other than
officers

Officers

CD

1
5
5

36
80
7
5
29
254

193
185

21
38

7,500
2,679
4,598
4
569
461

24

10, 543 3,604

1,631

15,811

9,966

12, 728

13,552

10, 564

74, 971

10,713

306

11,019

63,952

1
2

62
34
50
18
56
118
55
6
101
327
24
38
74

983
381
458
390
1,193
1,740
639
175
1,165
6,577
412
473
1,201

502
231
270
328
689
1,374
291
106
492
3,108
266
312
745

911
342
581
440
968
2,020
612
193
834
5,701
327
620
885

751
175
633
232
1,308
2,319
821
790
885
4,563
277
515
499

402
244
218
104
1,232
2,168
150
323
1,263
8,827
262
723
1,195

4,327
1,747
2,658
1,631
6,064
10,884
3,117
1,687
6,071
33, 469
1,817
3,163
5,476

1,020
622
441
211
1,574
3,838
955
784
2,232
17, 781
414
600
1,234

29
2

3
8
2
1
5

362
709
330
155
448
196
119
63
219
606
1,098
368
528
279
94
57
1,295
459
4,286 1,609
242
117
477
221
848
372

19
187
27
5
3
497
7
21
17

1,049
624
441
211
1,593
4,025
982
789
2,235
18,278
421
621
1,251

3,278
1,123
2,217
1,420
4,471
6,859
2,135
898
3,836
15,191
1,396
2,542
4,225

33

11,080 4,477

963

15,787

8,714

14,434

13, 768

17, 111

82, 111

31, 706

814

32, 520

49,591

351
526

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
* Number on payroll at end of period.




8

1

2,620
976
1,688
617
5,728 1,524
1,564
489
301
819
325
936
160
362
302
896

190

19

14,613 4,694

43
19
68
35

4
3
6
4

17

1

1
15
10

1
1
3

8
21

2
3

15

2

70

12

74
41
51

7
3
4

11

1

8

1

185

235
144
467
233
95
106
42
140

3,014
1,754
4,107
1,889
1,076
1,117
338
834

2,031
1,168
4,479
1,425
501
944
358
450

2,540
1,394
4,054
2,491
708
2,013
402
674

3,114
1,257
5,755
2,617
558
3,472
643
1,486

1,411
1,208
3,948
2,039
787
1,139
378
335

15,008
8,632
28,606
12,293
4,544
9,744
2, 523
4,823

4,969
2,844
7,208
1,495
1,322
3,396
515
642

139
23
343
152
32
322
5
118

5,108
2,867
7,551
1,647
1,354
3,718
520
760

9,900
5,765
21, 055
10,646
3,190
6,026
2,003
4,063

1,462

14,129

11,356

14,276

18, 902

11,245

86,173

22,391

1,134

23,525

62,648

69
76
222
263
95
39
259
79
520

12
21
56
31
28
5
70
15
132

206
194
679
817
241
180
608
318
1,419

76
61
373
492
150
100
365
159
871

176
211
450
547
188
138
770
199
1,127

135
146
647
438
143
34
2,723
331
1,481

164
181
452
691
405
195
672
205
550

904
954
3,144
3,601
1,406
754
6,107
1,514
6,855

287
173
995
1,125
567
274
2,593
74
3,751

11
5
41
22
10
7
101
339
21

298
178
1,036
1,147
577
281
2,694
413
3,772

606
776
2,108
2,454
829
473
3,413
1,101
3,083

4,091 1,622

370

4,662

2,647

3,806

6,078

3,515

25,239

9,839

557

10,396

14, 843

40

724
388
5,240
267
36
89
1,118
63
214

6,017
3,757
40, 219
800
821
809
3,466
689
712

135
139
472
575
251
94
878
287
1,260

195
167
568
69
48
45
111
10
42

107
57
267
7
6
13
61
3
23

1,926
1,050
6,044
344
57
142
954
102
252

967
867
9,652
84
9
53
488
151
84

1,302
529
5,163
205
70
204
1,109
199
178

960
370
16, 895
98
615
59
1,216
223
213

649
637
5,456
167
27
289
325
48
90

6,741
4,145
45, 459
1,067
857
898
4,584
752
926

684
388
4,754
267
36
89
1,054
61
214

16

4,178 1,255

544

10,871

12,355

8,959

20,649

7,688

65,429

7,547

592

8,139

57,290

936

110

47,290 16,641

5,378

64,961
1

47,040
5

58,195
3

75,830
4

54,694 354,324
1
14

85,868
1

3,563

89,431
1

264,893
13

936

110

47,290 16,641

5,378

64, 962

47, 045

58,198

75, 834

54, 695 354,338

85,869

89, 432

264,906

43
38
573
282

4
2
52
52

2,120
369
3,962
838
18, 719 5,874
22,489 9,560

625
304
2,238
2,211

4,889
1,648
23,668
34,757

2,391
2,437
20, 059
22,158

3,800
1,629
21, 738
31,031

4,398
2,428
41,226
27, 782

2,549 20,815
13,970
1,524
22, 506 150, 727
28,116 168,826

1,927
4,786
43,138
36,018

1,978
5,058
44, 827
37, 569

18,837
8,912
105, 900
131,257

756
594
1,931
162
73
138
420
26
78

486

64
2

3,563
51
272
1,689
1,551

TABLE N O . 25.—Income, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 81, 1961
[Dollar figures in thousands]
District
No. 1
Current operating revenue:
• 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 operating revenue..
Total current operating revenue.
Current operating expenses:
Salaries and wages:
OfficersEmployees other than officers.
Number of officers*
Number of employees other
than officer* a
Officer and employee benefitspensions, hospitalization, social
security, insurance, etc
Fees paid to directors and members of executive, discount, and
other committees
Interest on time and savings deposits
Interest and discount on borrowed money
Net occupancy expense of bank
premises
Furniture and equipment—depreciation, rents, servicing, uncapitaiized costs, etc
Other current operating expenses
Total current operating expenses—
Net current operating earnings-




42,295
12,178
199, 611
2,765
20,046

District
No. 2i

119,194
54, 329
468,200
8,056

District
No. 3

District
No. 4

District
No. 5

District
No. 6

47,051
19,196
176, 564

99,253
34,421
291,272

53,474
13,817
181,016

81,644
23,041
269, 658

1,450

4,008

3,318

4,594

11,195

23,148

9,708
16,439
6,301

2,727
6,645
2,631

5,089
25,909
4,798

4,821
10, 819
2,171

309,343

766,162

267,459

487,898

27.437
58,096
2,648

53,853
129, 573
4,680

22,810
40, 971
2,830

16,266

S2,S84

13,052

33,298

192,294
59,909
557,165
6,924

18,901

38,181
10, 502
31, 320
36,380

District
No. 7

District
No. 8

District
No. 9

40,625
12,329
126,397

37,144
11, 612
132,848

1,097

1,821

9,109

13,544

District
No. 10

District
No. 11

District
No. 12

Total

66,014
17,381

74,437
21, 692

177,294 1,030, 719
58,312 338,217

211, 449

270, 980

874,187 3,759,347

2,160

2,092

23,911

62,196

18,840
6,027
10. Ill
4,733

105,696
22,949
39,046
19,202

351, 460
98,979
218. 765
95,039

8,872
12, 616
4,152

40, 500
13,242
43,803
8,292

3,356
3,811
1,705

6,792
7,716
1,691

21,972
4,894
10, 530
2,983

288,337

434,905

922,129

198,429

213,168

337,383

39, 522
76,428
S,761

29, 614
49,832
8,226

42, 525
76, 596

71,609
152,390
6,151

20,812
30,150

4,236

22,979
33,323
2,461

41,389
52, 445
4,415

44, 527
57,387
4,548

103,316
242,302
10,999

520,393
999, 493
52,304

12,042

19,950

15,430

22,698

39,525

9,340

9,657

16,348

16,273

67,749

(66,662

8,281

15,276

8,814

14,116

34, 414

7,081

8,167

10,386

11,129

39,331

203,345

1,427

27, 546

408,912 1,320,597 5,954, 722

1,701

2,820

3,206

2,292

2,097

2,454

3,641

1,758

1,307

2,427

2,416

33, 623

154, 699

67, 508

97,529

47,289

70,303

185,318

31,490

37,973

45,443

60,776

326, 593 1,158, 544

725

4,383

488

1,254

519

950

3,547

321

375

720

1,761

4,216

19,259

15,532

40,154

12,548

18,862

12,145

19,965

39,570

9,663

9,001

13,757

16,419

57,290

264, 906

6,467
34, 702

14,831
79,963

4,922
31, 946

9,255
59,887

6,519
34, 263

10, 696
57, 627

15,571
94,463

4,096
24,123

4,602
23,960

6,971
39,388

7,649
56, 561

30, 697
122,990

122,276
659,873

191.335

513, 574

192, 680

320,305

191,092

295,232

600,523

129,494

141, 687

212, 926

258. 625

928,162 3, 975, 635

74, 779

167,593

97, 245

139, 673

321, 606

68, 935

71, 481

124, 457

150,287

392,435 1, 979, 087

118,008

252,588

Recoveries, transfers from valuation
reserves, and profits:
On securities:
Profits on securities sold or
redeemed—
_
_.
Recoveries
Transfers from valuation
reserves
On loans:
Recoveries
Transfers from valuation
reserves
_.
All other.
_
Total recoveries, transfers from
valuation reserves, and
profits
Losses, chargeoffs, and transfers to
valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not
sold...
Transfers to valuation reserves
On loans:
Losses and chargeoffs
Transfers to valuation reserves
Allother_._
Total losses, chargeoffs, and
transfers to valuation reserves.
Net income before related taxes
Taxes on net income:
Federal
State...
_
Total taxes on net income
Net income before dividends
Cash dividends declared:
On common stock
On preferred stock
Total cash dividends declared..
Net income after dividends
See footnotes at end of table.



11,025
235

32,360
2,093

1,532
246

4,859
146

36, 641
230

9,904
76

15,017
69

61,897
683

7,350
232

16, 917

141

9,514

1,167

572

11, 710

1,072

486

414

496

357

544

410

399

1,853
5,312

12,790
3,160

574
1,576

3,720
1,493

295
1,319

1,446
2,231

5, 557
3,327

20,203

67,806

7,710

52,094

13,118

19, 879

1,993

3,576

2,464

1,165

696

166

548

585

2,197

417

8,104

23,001

369

33,252

2,735

5,687
147

11,232
139

34,199
717

243,236
5,052

563

13,065
285
532

1,995

10,683

56,398

882

1,352

2,003

291

7,880

424
1,219

140
793

395
1,511

1,236
1,677

891
6,072

29,321
29,690

83, 584

10,696

8,212

17,140

18, 282

52, 853

371,577

1,748

4,968

1,358

323

813

728

2,888

22, 720

244

867

351

909

1,223

588

8,582

16,677

1,997

45,301

4,602

1,861

4,034

4,682

24,331

154,269

275

877

482

873

447

1,306

4,446

805

1,063

2,536

3,103

453

16, 666

12, 500
4,610

75, 624
7,876

9,639
3,309

18, 785
3.475

9,730
2,819

18,117
5,454

39,194
10,216

5,149
2,638

4,308
977

10, 950
4,645

18,135
5,107

38,293
10, 924

260,424
62,050

85. 471

532,806

27,648

111,502

16. 848

59, 747

16, 844

28. 866

104,992

14, 903

9,441

24, 201

32,343

110,563

208,892

65,641

159,940

93, 519

130, 686

300,198

64, 728

70,252

117,396

136, 226

45,994
7,304

77, 547
8,847

22, 658
1

67,116

40,101
689

52, 855
1,218

26, 265
504

27, 445
3,993

48, 499
2,924

54, 655
10

359, 817 1, 817, 858
149, 510
14, 804

734, 565
41,092
775. 657

53, 298

86,394

22, 659

67,116

40, 790

54,073

121, 920
798
122, 718

26, 769

31, 438

51,423

54, 665

164, 314

57, 265

122,498

42, 982

92, 824

52, 729

76, 613

177, 480

37, 959

38, 814

65, 973

81, 561

195, 503 1,042, 201

29,287
42

67,492
21

22,346
2

41,802

24, 679

29,057
10

68, 689
44

15,016

16,874

24, 562

38, 694

107,462

485,960
119

29,329

67, 513

22,348

41, 802

24, 679

29.067

68, 733

15,016

16, 874

24, 562

38, 694

107,462

486,079

27,936

54, 985

20,634

51,022

28,050

47, 546

108. 747

22,943

21,940

41, 411

42, 867

88,041

556,122

TABLE N O . 25.—Income, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended
Dec. 31, 1961—Continued
[Dollarfiguresin thousands]
District
No. 1

Occupancy expense of bank premises:
Salaries and wages of building
employees:
Officers
Employees other than officers.
2
Number of officers
Number of employees
than officers 2

87
4,809
10

940

1,886

376

1 006

3,416

9,758

1,869

6,199

3,735
2,692

7,651
8,870

District
No. 3

District
No. 4

District
No. 5

District
No. 6

District
No. 7

District
No. 8

District
No. 10

District
No. 9

185
4,178
16

936
47,290
110

1,487

1,713

1,255

16,641

358

342

544

5,378

4,316

6,899

10, 871

64,962

1,403

2,557

3,316

12, 355

47,045

2,792
3,940

3,352
6,062

5,979
4,790

8,959
20, 649

58,198
75, 834

136
3,956
17

117
9,484
11

29
1,740
7

1,976

1,142

1,534

2,769

779

576

221

367

923

205

3,202

5,365

3,222

5,528

8,423

1,963

1,999

1,843

3,648

1,963

3,375

7,314

1,203

4,283
4,430

3,254
2,806

7

274

2,894
2,594

4,921
6,222

8,256
10,401

2,122
2,378

Total

80
4,532
8

50
2, 457
6

1,018

District
No. 12

69
3,953
11

72
5,570
9

32
2,346

District
No. 11

18
1,652
2
642
186

Less: Rental income from bank
preiT! ises
Other credits
Total credits
_

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
_
_

4,379

6,668

2,031

3,129

1,564

5,374

7,542

2,033

2,077

2,837

9,373

7,688

54, 695

19,141

Gross occupancy expense




61
2,613
6

other

Building officer and employee
benefits
Recurring depreciation on bank
premises and leasehold improvements _ .
Maintenance, repairs, and uncapitalized alteration costs of
bank premises and leasehold
improvements
Insurance, utilities (heat, light,
and water), et^
Rents paid on bank premises
Taxes on bank premises and
leasehold improvements..

Net occupancy expense

District
No. 2 i

45,048

15,216

27,073

15,537

29, 879

52, 460

11, 673

14,067

23, 504

35,311

65, 429

354,338

3,449
160

4,774
120

2,506
162

8,068
143

3,341
51

9,657
257

12,347
543

1,972
38

4,715
351

9,103
644

18,390
502

7,547
592

85, 869
3, 563

3,609

4,894

2,668

8,211

3,392

9,914

12, 890

2,010

5,066

9,747

18, 892

8,139

89, 432

15, 532

40,154

12, 548

18, 862

12,145

19, 965

39, 570

9,663

9,001

13, 757

16, 419

57,290

264,906

38
1,863

484
4,705

1,917

143
3,080

13
1,492

21
3,557

938
7,600

133
1,114

14
1,371

39
3,847

1,711
6,012

2,013
7,915

5,552
44,473

122
7,523

849
25, 336

99
6,106

1,593
9,867

88
6,706

284
12,370

4, 358
18.925

183
3,179

11
3, 835

469
8,999

21
16, 510

3, 762
28, 743

11,839
148,099

226
Number of banks 2 __ ,
.
3, 454, 695
Loans, gross
1, 908, 520
Securities
166, 787
Capital stock (par value)
630,009
Capital accounts
Ratios:
To gross income:
percent
Interest and dividends on
17.61
securities
Interest and discount on
64.53
loans
Service charges on deposit
6.48
accounts
11.38
Ail other current revenue
100.00
Total gross income
28.20
Salaries, wages, and fees 3
Interest on time and savings
10.87
deposits
All other current expenses
22.78
61.85
Total current expenses
38.15
Net current earnings
To gross loans: Interest and dis5.78
count on loans
To securities: Interest and divi2.85
dends on securities
To capital stock (par value):
70.75
Net current earnings
34.33
Net income before dividends.
17.58
Cash dividends.
To capital accounts:
18.73
Net current earnings...
9.09
Net income before dividends.
4.66
Cash dividends

328

417

377

309

350

593

320

348

622

517

106

4,513

8, 715,362 3,085. 822 5,392,030 3,147, 522 4, 493,909 10,442, 421 2, 256, 885 2, 250.154 3, 667, 952 4, 882, 411 14,389, 637 66,178, 800
5, 804,054 2, 230; 749 4, 352, 315 2, 324, 572 3, 455, 612 8,477, 237 1, 772,927 1, 578,168 2,776,499 3, 292,163 8,143, 366 46,116,182
478, 795 150, 971 314, 276
154, 731 260,033
121,005
117, 982 210, 666 331, 580 560, 964 3, 466,166
598,376
1, 504, 822 572, 596 1,126, 300 578,141
710,922
436, 789 386,149
914, 215 1, 888, 500 11,470, 899
845,120 1, 877,336
percent

percent

percent

percent

percent

percent

percent

percent

percent

percent

percent

percent

22.65

24. 77

27.40

23.34

24.07

27.35

26.69

22.87

24.72

23.51

17.84

22.99

61.11

66.01

59.70

62.78

62.00

60.42

63.70

62.32

62.67

66.27

66.20

63.13

4.98
11.26

4.19
5.03

4.74
8.16

6.55
7.33

6.98
6.95

4.59
5.02

4.61
5.61

8.00
7.96

100.00

100. 00

100.00

100. 00

100.00

6.36
8.45
100.00

6.51
6.10

100.00

4.39
7.84
100.00

100.00

100.00

100.00

5.90
7.98
100.00

24.31

25.05

24.23

28.28

27.95

24.68

26.57

27.03

28.53

25.52

26.28

25.99

20.19
22.53

25.24
21.75

19.99
21.43

16.40
21.59

16.17
23.76

20.10
20.34

15.87
22.82

17.81
21.63

13.47
21.11

24.73
19.27

19.45
21.32

70.28

66.76

29.72

33.24

67.03

72.04

65.65

66.27

67.88

65.12

65. 26

66.47

63.11

14.86
22.87
63.25

32.97

27.96

34.35

33. 73

32.12

34. 88

34.74

33.53

36.89

36.75

5.37

5.72

5.40

5.75

6.00

5.34

5.60

5.90

5.76

5.55

6.08

2.97

3.07

2.89

3.03

2.98

2.99

3.09

3.00

2.92

2.89

2.97

52.75
25.58
14.10

49. 53
28.47
14.80

62.85
34.08
15.95

53.71
29.46
11.18

53.75
29.66
11.49

56.97
31.37
12,41

60.59
32.90
14.30

59.08
31.32
11.66

45.32
24.60
11.67

69.96
34.85
19.16

57.10
30.07
14.02

16.79
8.14
4.49

13.06
7.51
3.90

53.33
29. 54
13.30
14.88
8.24
3.71

16.82
9.12
4.27

16.53
9.07
3.44

17.13
9.45
3.66

15.78
8.69
3.44

18.51
10.05
4.37

17.51
9.28
3.45

16.44
8.92
4.23

20.78
10.35
5.69

17.25
9.09
4.24

1 Includes 1 member bank in the Virgin Islands of the United States.
2 Number at end of year. Remainingfiguresinclude earnings, expenses, etc., of those banks which were in operation a part of the year but were inactive at the close of the
year.
3 Exclusive of building employees.
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.




§

5.68

2.99

§

a

1

o

TABLE N O . 26.—Income, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1961

to

3

TOTAL UNITED STATES AND POSSESSIONS
[Dollarfiguresin thousands]
Banks operating throughout entire year with deposits on Dec. 31, 1961, of—
Less than $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
or more
$500,000
to
to
to
$750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
Number of banks
Total deposits
Capital stock (par value) _
Capital accounts
Current operating revenue:
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 operating revenue
Total current operating revenueCurrent operating expenses:
Salaries and wages:
Officers
Employees other than officers..
Number of officers 1
Number of employees other than
officers 1
Officer and employee benefits—
pensions, hospitalization, social
security, insurance, e t c . . Fees paid to directors and members
of executive, discount, and other
committees
Interest on time a n d savings deposits




1,368

1,115

859

285

658,694 4, 683,959 7,883, 418 13,207, 776
21, 502 129,329
196,202
326, 640
82,963
503,255
746, 437 1.151, 446

9,924,414
259,116
821, 528

143

150

37

4,479

7

36

54

3,024
205
521

22, 823
965
3,063

48,274
1,790
6,931

23
1
111

222
31
701

504
112
1,474

7,449
1,700
18,614

48,314
14,691
130,869

74,884
26, 446
216, 764

121, 736
40,305
364,294

88,650
27,023
270,052

87,222
26,925
265,096

229, 512
70,018
860,876

365,476
129,375
1,609,810

1,023,992
336,627
3,738,661

1
3

5
58

5
131

116
1,598

778
12,934

2,090
24,160

4,967
47,244

3,882
32,629

3,807
28,485

15,229
76, 606

30,858
125,578

61,738
349,426

6

36

60

4

8

20

264

736
47

4,145
420
1,840

6,592
1,512
3,059

10,669
8,408
5,878

6,808
12,223
3,970

6,518
25,800
3,759

21,108
61,821
13,679

41,836
106,895
62,013

98,514
217.126
94,494

149

1,061

2,306

30, 524

213,991

355, 507

603, 501

445, 237

447,612

1,348,849

2,471,841

5, 920. 578

47

354

569

82
91

198
137

6,580
3,010
1,202

36,224
25, 534
5,271

47, 678
48, 719
6,981

68,623
94, 680
7,370

45, 727
74,121
4,397

41,803
73,386
3,811

112,152
245,317
9,670

157,455
428, 245
14,205

517.212
993,307
52,153

7

44

104

1,186

8,736

15,428

28,916

21,993

21,246

66,617

101,423

265,700

2

20

37

596

4,868

9,171

18,138

14,644

15, 827

49,156

89,740

202,199

3
15

22

51

648

4,212

5,067

5,853

2,862

4,022

2,303

75

343

5,346

43,680

77,963

130,868

94, 547

221,156

491,631

15
18

425

Total

10,162, 938 32, 556, 579 55,988,110 135,140,009
832,846
1, 519,817 3, 560, 562
272,150
4,996,353 11,842.144
856, 576 2, 673,071

2,327
86,648

27,370
1,152,272

8

Interest and discount on borrowed
money
Net occupancy expense of bank
premises
Furniture and equipment—depreciation, rents, servicing, uncapitalized costs, etc .
____
Other current operating expenses...
Total current operating expenses.
Net current operating earnings..
Recoveries, transfers from valuation
reserves, and profits:
On securities:
Profits on securities sold or
redeemed
Recoveries
Transfers from valuation reserves
On loans:
Recoveries.
Transfers from valuation reserves
All other
Total recoveries, transfers from
valuation reserves, and profitsLosses, chargeoffs, and transfers to
valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not
sold
Transfers to valuation reserves.
On loans:
Losses and chargeoffs
Transfers to valuation reserves
All other . . .
_
Total losses, chargeoffs, and
transfers to valuation reserves. _
Net 'income before related taxes

1

1

2

21

120

205

481

414

722

3,738

13,461

19,166

10

64

99

1,328

9,636

16, 507

30,140

21, 711

20,279

60,041

103,180

262,995

2
21

18
142

40
294

558
3,687

4,818
25, 588

7,815
43, 482

14, 512
75, 263

10, 617
54, 683

9,892
63,140

29, 600
161, 007

43, 791
228,381

121,663
655, 688

116

778

1,633

21, 774

154, 680

256, 607

438, 558

319. 326

314, 024

886,189

1, 558,187

3,951, 872

33

283

673

8,750

59, 311

98, 900

164, 943

125, 911

133,588

462, 660

913, 654

1, 968, 706

2

11
3

215
43

3,009
234

8,676
311

19, 742
600

17, 894
184

22,026
437

56,358
2,276

114,242
954

242,175
5,042

185

575

1,625

1,256

2,153

8,241

42,362

56, 397

14

26

85

592

2,129

1,636

1,666

702

200

310

395

7,755

1

1

1
21

78
270

243
613

558
1,528

1,040
2,212

618
1,880

1,657
1,302

3,801
7,009

21,325
14, 637

29, 321
29, 474

15

29

121

1,198

6,413

13, 284

26, 885

22, 534

27, 775

77, 995

193,915

370,164

8
O

3
60

43
8
4

4

148

1,023

2,157

3,147

2,174

1,797

6,312

5,524

22,288

3

2

95
2

552
336

1,128
1,582

1,295
5,382

578
4,010

442
7,257

1,122
31,324

11,350
104,301

160
13
5

979
435
393

3,758
5,370
2,160

2,539
10,373
4,520

2,680
21, 591
6,056

837
15,926
3,845

1,226
16, 549
4,479

93
47,088
13, 644

3,850
142,315
25, 818

16,168
259,668
60, 984

§

16, 565
154,194

63

57

185

2,052

13,199

22,299

40,151

27, 370

31, 750

99, 583

293,158

529, 867

-15

255

609

7,896

52, 525

89, 885

151.677

121, 075

129,613

441, 072

814,411

o

1, 809, 003

See footnote at end of table.




to

o

CO

TABLE N O . 26.—Income, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1961—Continued
TOTAL UNITED STATES AND POSSESSIONS
[Dollarfiguresin thousands]
Banks operating throughout entire year with deposits on Dec. 31,1961, of—
Less than $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
or more
to
$500,000
to
to
to
to
to
to
to
$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
Taxes on net income:
Federal__ _ .
State

..

10
1

Net income before dividends
Cash dividends declared:
On common stock...
On preferred stock

160
12

2,206
90

15,356
904

28,720
1.358

11

Total taxes on net income

75
1
76

172

2,296

. 16,260

30,078

179

-26

55,122
2,484
57.606

346,209
24,398

730,554
40,943

46,084
1,508

50,474
1,701

186,138
8,486

47,592

52.175

194,624

370,607

771,497
1,037,506

5,600

437

Total

. 36,265

59,'8O7

94.071

73.483

77,438

246,448

443,804

16

•
_

Total cash dividends declared
Net income after dividends..
Occupancy expense of bank premises:
Salaries and wages:
Officers
Employees other than officers._
Number of officers l
Number of employees othe'r than
officer)} *
Building officer and employee
benefits
Recurring depreciation on bank
premises and leasehold improvements
Maintenance repairs, and uneapitalized alteration costs of bank
premises and leasehold improvements
Insurance, utilities (heat, light, and
water), etc
_
"




85

193

2,383

14,421
6

22,873
3

37,270
15

28,695
43

31,550
10

105,256

241,234

16

85

193

2,383

14,427

22,876

37,285

28. 738

31,560

' 105,256

241,234

483,976
77
484, 053

-42

94

244

3,217

21,838

36,931

56,786

44,745

45,878

14L, 192

202,570

553,453

1

2

7

1

'6

23

_

2

7

5

101
2
188

1,091
6

2,125
4

- 21
4,684
8

4,562
8

4,097
12

14,883
36

967

1, U5

1,953

1,741

1,604

3

-

49

• 147

359

450

405

2,570

4,438

8,027

6,071

4,966

43

73

373

404

928

15,557
34

47,110
110

4,994

3,996

16,618

1,630

2,319

5,362

16,056

22,250

64,648

9

16

244

1

15

20

268

1,658

2,752

4,929

3,819

3,491

10,315

19,578

46,846

4

22

44

503

2,957 .

4,307

6,932

4,988

4,598

15,329

18,117

57,801

1

Hi
tr1

Rents paid on bank premises
Taxes on bank premises and leasehold improvements
Gross occupancy expense
Less: Rental income from bank
premises
Other credits
Total credits
Net occupancy expense..
,
Memoranda items:
Recoveries credited to valuation
resarves (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 current operating revenue
Current operating expenses
N e t current operating earnings". __•_
N e t income before dividends
Per $100 of deposits:
N e t current operating earnings
N e t income before dividends
Per $100 of capital accounts:
N e t current operating e a r n i n g s . - ^ - .
N e t income before dividends
Cash dividends

74,934

1

5

76

790

1,747

5,367

4,816

6,325

22,874

32,933

3

19

20

322

2,015

3,526

6,387

5,205

4,729

15,996

16,272

54,494

10

68

112

1,519

11,137

19,047

36,706

29,954

28,684

97,456

127.430

352,123

3
1

13

179
12

1,431
70

2,423
117

6,300
266

8,027
216

8,080
325

36,139
1,276

22,971
1,279

85, 566
3,562

4

13

191

1,501

2,540

6,566

8,243

8,405

37,415

24,250

89,128

64

99

1,328

9,636

16,507

30,140

21,711

20,279

60,041

103,180

262,995

2

7

264

62
2,072

84
4,122

53
6,910

22
4,092

188
4,130

2,232
8,853

2,911
13,944

5,552
44,396

\b

9

379

30
4,522

166
8, 718

292
15,805

149
10,077

748
11,970

2,001
32,594

8,443
63,803

11,829
147, 892

21
16
5
-4

30
22
8
5

43
30
13
8

•72
51
21
13

156
113
43
27

319
230
89
54

703
511
192
110

1,562
1,120
442
258

3,130
2,196
934
542

8,992
5,903
3,084
1,643

66,806
42,113
24,693
11.995

1,322
882
440
232

1.09
-.86

1.24
.78

1.39
.91

1.33
.85

1.27
.77

1.25
.76

1.25
.71

1.27
.74

1.31
.76

1.42
.76

1.63
.79

1.46
.77

6.33
-4.99
3.07

9.24
5.84
2.78

9.71
6.31
2.78

10.55
6.75
2,87

11. 79
7.21
2.87

13.25
8.01
3.06

14.32
8.17
3.24

15.33
8.94
3.50

15.60
9.04
3.68

17.31
9.22
3.94

18.29
8.88
4.83

16.62
8.76
4.09

10

-

O

8
O
IT1

* Number at end of year.
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.




to
o
Oi

206

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 27.—Income, expenses, and dividends of national banks, year ended
Dec. 81,1961
[Dollarfiguresin thousands]
1961

Number of banks i
Capital stock, par value 2.
Capital accounts 2

4,513
$3,466,166
$11,470,899

Amount
Current operating revenue:
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 operating revenue

5.12

203, 345
27, 546
1,158, 544
19,259
264, 906

29.14
.48
6.66

122,276
659,873

3.08
16.60
100.00

.69

1,979,087

243,236
5,052
56,398

65.46
1.36
15.18

7,880
29,321
29, 690.

Total recoveries, transfers from valuation reserves, and profits.
—
-

Total losses, chargeoffs, and transfers to valuation reserves..




13.09
25.14

3,975, 635

Total current operating expenses.
Net current operating earnings
Recoveries, transfers from valuation reserves, and profits:
On securities:
Profits on securities sold or redeemed
Recoveries
_
_
Transfers from valuation reserves
On loans:
Recoveries
_
Transfers from valuation reserves
Allother...

See footnotes at end of table.

100.00

, 4
266,662

Officer and employee benefits—pensions, hospitalization, social security,
insurance, etc
Fees paid to directors and members of executive, discount, and other committees
Interest on time and savings deposits
Interest and discount on borrowed money
Net occupancy expense of bank premises
Furniture and equipment—depreciation, rents, servicing, uncapitalized costs,
etc
Other current operating expenses. __

Net income before related taxes

17.31
5.68
63.13
1.05
5.90
1.66
3.67
1.60

520,393
999,493

Number of officers 1
Number of employees other than officers i

$1,030, 719
338,217
3,759,347
62,196
351,460
98,979
218, 765
95,039
5, 954, 722

Total current operating revenue
Current operating expenses:
Salaries and wages:
Officers
__
Employees other than officers..

Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not sold
_
Transfers to valuation reserves
On loans:
Losses and chargeoffs
Transfers to valuation reserves.
Allother

Percent
to total

2.12
7.89
7.99

371, 577

100.00

22, 720
16, 677
154,269

4.26
3.13
28.95

16, 666
260, 424
62,050

3.13
48.88
11.65

532,806

100.00

1,817,858

207

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 27.—Income, expenses, and dividends of national banks, year ended
Dec. 31,1961—Continued
[Dollar figures in thousands]
1961

Amount
Taxes on net income:
Federal..
State

$734,565
41,092
775,657

Total taxes on net income

1,042,201

Net income before dividends.
Cash dividends declared:
On common stock
On preferred stock

_

_ _

486,079

Total cash dividends declared

556,122

Occupancy expense of bank premises:
Salaries and wages:
Officers
Employees other than officers

936

_

~~~

.26

47,290

_

Number of officers J
Number of employees other than officers l

13.35

HlQ

16,641

Gross occupancy expense
Less: Rental income from bank premises
Other credits
Total credits
Net occupancy expense

_

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 s t o c k ) . . .
_

_

_

47,045
58,198
75,834
54, 695

13.28
16.42
21.40
15.44
100.00
24.23
1.01

89,432

Rents paid on bank premises
__
_ _
Taxes on bank premises and leasehold improvements

1.52
18.33

85,869
3,563

Insurance, utilities (heat, light, and water), etc

5,378
64,962

354,338

Building officer and employee benefits
Recurring depreciation on bank premises and leasehold improvements
Maintenance, repairs, and uncapitalized alteration costs of bank premises and
leasehold improvements

25.24

264,906

74.76

5,552
44,473
11,839
148,099
165,590
Percent
25.99
19.45
21.32

_

66.76

Total current expenses

33.24

Net current earnings
Ratio of cash dividends to capital stock (par value)
Ratio of cash dividends to capital accounts

T

485,960
119

Net income after dividends

Ratios to gross income:
Salaries, wages, a n d fees 3
Interest on time and savings deposits
All other current expenses

Percent
to total

_

14.02
4.24

1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which were
in 2operation 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 current year and
the December call date in the previous year.
3
Exclusive of building employees.
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; 1957, p. 152; and
1960, p. 217.




TABLE N O . 28.—Number of national banks, capital stock, capital funds, net profits, dividends, and ratios, years ended Dec. 31, 1930-61

Capital stock (par value) 1
Number
of banks

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
1960
1961

—
_
_
.._
_
_
._.
_~
--.
_-.
—
___
_._
_
_
_
—
_
—

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
4,530
4,513

Preferred

$92,469
349, 470
510,511
447, 501
305,842
267, 495
241, 075
204,244
182,056
156, 739
135, 713
110,597
80,672
53,202
32,529
25.128
20, 979
16,079
12,032
6,862
5,512
4,797
4,167
3,944
3,786
3,332
3,225
2,050
2,040

1

Common

Total

$1,724,028 $1, 724,028 $3,919,950
1,680, 780 1,680, 780 3,753,412
1, 597,037 3,323,536
1,597,037
1,507, 834 1,600,303 2,981,678
1,359, 573 1, 709,043 2, 982.008
1,791,324 3,084,092
1,280,813
1, 706,528 3,143,029
1,259,027
1,285, 946 1, 591, 788 3, 206,194
1,310, 243 1, 577, 738 3, 281,819
1,320, 446 1,561, 521 3,380, 749
1, 532,315 3, 463, 862
1,328,071
1, 523,454 3,596, 865
1,341.398
1, 511,123 3,684,882
1,354,384
1,372, 457 1, 508,170 3,860. 443
1,440, 519 1, 551,116 4,114, 972
1,616, 884 4, 467, 718
1,536,212
1, 699,833 4,893,038
1,646,631
1, 769,205 5,293,267
1,736,676
1, 779, 362 1,804,490 5, 545, 993
1, 863,373 1, 884,352 5,811,044
1,949, 898 1, 965, 977 6,152, 799
2,058,050
2,046,018
2,177,888 6, 506,378
2,171,026
2,263, 746 6,875,134
2,258,234
7,235, 820
2,386,226
2,381,429
2, 460,621 7,739,553
2, 456,454
7,924,
2, 558, 111 2, 562,055 8, 220, 719
620
2, 716,931 8. 769,839
2, 713,145
2, 875,117 9,412, 557
2,871, 785
3,066,632 10,003,852
3,063,407
3,259,258
3,257,208
3,466,166 10,695,539
3,464,126
11,470,899

Averages of amounts from reports of condition made in each year.
2 Deficit.
3 Licensed banks, i.e., those operating on an unrestricted basis.




Ratios

Cash dividends
Capital
accounts i

Net profits before
dividends

$158,411
2
54,550
2164,737
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
1,046,419
1,042,201

On
preferred
stock

$558
10,103
18,862
18,166
11, 532
9,378
8,911
8,175
7,816
6,683
6,158
5,296
4,131
2,427
1,372
1,304
1,100
712
615
400
332
264
203
177
171
169
165
99
119

On
common
stock

$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
450,830
485,960

to

o

00

[Dollar figures in thousands. Figures for previous years published in report for 1938, p. 115]

Cash divi- Cash diviNet profits before dividends on dends on Total cash
dends
preferred
common dividends
stock to
stock to to capital
preferred
accounts To capital To capital
common
capital
stock
capital
accounts
Percent
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
4.83
5.83

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
13.84
14.03

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
4.22
4.24

Percent
9.19
2 3.25
2
10.32
2
17. 88
2 8.98
8.85
18.39
14.32
12.59
16.11
15.76
17.68
16.10
23.24
26.55
30.31
29.11
25.60
23.48
25.20
27.35
24.62
25.78
25.32
31.06
26.14
25.26
26.86
30.92
26.10
32.11
30.07

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
9.78
9.09

O

3

o
o

o

I

REPORT OF THE COMPTROLLER OF THE CURRENCY

209

TABLE N O . 29.—Total loans of national banks, losses and recoveries on loans,
and ratio of net losses or recoveries to loans, by calendar years, 1942-61
[Dollar figures in thousands]

Total loans
end of year

Year

1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960

__

_
—
__

.-

1961
Average for 1942-61

_

Net losses
Ratio of
Losses and Recoveries or recover- losses (or rechargeofis
ies (+)
coveries + )
to loans

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
63,693,668
67,308, 734

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
i 68, 533
i 67,198
i 68,951
1
78,355
i 74, 437
1 88,378
i 80, 507
i 181,683
i 161, 765

34, 699, 045

70, 500

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
2 51, 506
2
52, 353

2,475
+9,799
+9,309
+ 7 , 740
3,207
29,913
19,349
33,199
14,445
22,108
19, 326
32, 201
25,674
29,478
41,006
35, 428
38,173
25,767
130,177
112,412

41,125

29,375

Percent
0.02
+.10
+.08
+.06
.02
.14
.08
.14
.05
.07
.05
.08
.06
.07
.08
.07
.07
.04
.20
.17

.08

1

Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.

2

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, 1942-61
[Dollar figures in thousands]
Net losses
Ratio of
Total securities Losses and Recoveries or recover- losses (or reend of year
chargeoffs
ies (+) coveries + )
to securities

Year

Percent
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961

_ _ _

_ _

_
—

___

Average for 1942-61
1

__

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
43, 852,194
49, 093, 539

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
* 483, 526
i 154,372
i 51,236

36,170
59, 652
50,302
54,153
33,816
25, 571
2 25,264
2 7, 516
211, 509
2 6, 712
2 9, 259
2
8,325
2 9,286
2 15, 758
213, 027
2
5,806
212, 402
2
18,344
2
21,198
2 10,604

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
133,174
40,632

.13
.02
.04
.04
.09
.10
.07
.04
.04
.12
.15
.25
.08
.32
.56
.35
.12
1.09
.30
.08

43,647,006

106, 695

21, 733

84,962

.19

Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p.JlOO.

2




210

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 31.—Foreign branches of American national banks, Dec. 30, 19611
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, SAN FRANCISCO, CALIF.:

Argentina:
Buenos Aires.
England:
London.
London (West End).
Guam:
Agana.
Japan:
Kobe.
Osaka.
Tokyo.
Yokohama.
Nigeria:
Lagos.
Okinawa:
Naha.
Pakistan:
Karachi.
Philippines:
Manila.
Thailand:
Bangkok.
Truk Islands:
Moen.

FIRST NATIONAL BANK OF BOSTON, MASS.:

Argentina:
Avellaneda.
Buenos Aires.
Buenos Aires (Alsina).
Buenos Aires (Constitucion).
Buenos Aires (Once).
Rosario.
Brazil:
Campinas.
Rio de Janeiro.
Santos.
Sao Paulo.

FIRST NATIONAL CITY BANK OF NEW YORK, N.Y.:

Argentina:
Buenos Aires.
Buenos Aires (Belgrano).
Buenos Aires (Flores).
Buenos Aires (Plaza Once).
Cordoba.
Lomas de Zamora
Mendoza.
Rosario.
Bahamas:
Nassau.
Brazil:
Belo Horizonte.
Brasilia.
Campinas.
Curitiba.
Porto Alegre.
Recife.
Rio de Janeiro.
Salvador.
Santos.
Sao Paulo (Avenida Ipiranga).
Sao Paulo (Praca Antonio Prado).
Canal Zone:
Balboa.
Chile:
Santiago.
Valparaiso.
Colombia:
Barranquilla.
Bogota.
Call.
Medellin.
Ecuador:
Guayaquil.
England:
London.
London (Berkeley Square Branch).

FIRST NATIONAL CITY BANK OF NEW YORK,

N. Y.—Continued
France:
Paris.
Germany:
Frankfurt am Main.
Hone Kong:
Hong Kong.
India:
Bombay.
Calcutta.
Jamaica:
Kingston.
Japan:
Nagoya.
Osaka.
Tokyo.
Yokohama,
Lebanon:
Beirut.
Malaya:
Kuaja Lumpur.
Mexico:
Mexico City (Isabella Catolica).
Mexico City (Parque San Martin).
Mexico City (Paseo de la Reforma),
Mexico City (Republica).
Pakistan:
Karachi.
Panama:
Colon.
Panama City.
Panama City (Hotel El Panama Hilton).
Panama City (La Exposicion).
Paraguay:
Asuncion.
Asuncion (Peru Esquina Pettirossi).
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 (New Port Area).
San Juan (Rio Piedras).
San Juan (Santurce).
Saudi Arabia:
Jeddah.
Singapore:
Singapore (Raffles Quay).
Singapore (Orchard Road).
Uruguay:
Montevideo.
Montevideo (Pocitos).
Venezuela:
Caracas.
Caracas (Miranda).
Maracaibo.
Valencia.

VIRGIN ISLANDS NATIONAL BANK, CHARLOTTE
AMALIE, ST. THOMAS, VIRGIN ISLANDS:

British Virgin Islands:
Road Town (Tortola Island).

i Excludes banking facilities at military establishments.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec. 30,
1961, appears in the following table.




REPORT OF THE COMPTROLLER OF THE CURRENCY

211

TABLE NO. 32.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 80, 1961l
[Dollar figures in thousands]

Number of branches.

103
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

$954, 918
47,243
28, 208
199, 868
273, 345
22, 136
233, 798
21, 410
1, 780, 926

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
604, 917
Time and savings deposits of individuals, partnerships, and
corporations
480, 283
Deposits of U.S. Government
132, 296
State and municipal deposits
23, 829
Deposits of banks
253, 521
1
Other deposits (certified and officers checks, etc.)
15, 986
Total deposits
1, 510, 832
Due to head office and branches
^
7, 547
Rediscounts and other liabilities for borrowed money
792
Acceptances executed by or for account of reporting branches and
outstanding
233, 911
Other liabilities
27, 844
Total liabilities

1, 780, 926
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.




1, 780, 926

212

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 33.—Assets and liabilities of banks in the District of Columbia, by

classes, Dec. 80, 1961
[Dollar figures in thousands]
Total all
banks
11

Number of banks—

National
banks

Nonnational banks

4

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
Leans 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
__.
Residential 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:
Maturing within 1 year
Maturing after 1 year
U.S. nonmarketable bonds (savings, investment series
A-1965, B-1975-80, and depositary bonds)
Other bonds maturing within 1 year
_
__.
Other bonds maturing in 1 to 5 years
Other bonds maturing in 5 to 10 years
Other bonds maturing after 10 years
Total.
Securities guaranteed by U.S. Government_
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
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.




26

26

16,133
32,677
103,952
70,288

7,729
21,102
57,164
44,939

8,404
11, 575
46, 788
25, 349

57
97, 804
11, 397
7,351

57
65,385
6,759
2,773

32,419
4,638
4,578

1,884
119
233,333

1,884
57
127,219

62
106,114

61,833
18, 357
25, 726
44, 933
86,604
23,324
249

26,234
5,332
11,023
10,954
43, 111
17,411
115

35, 599
13, 025
14, 703
33, 979
43,493
5,913
134

836,047
10,141

449, 274
8,357

386, 773
1,784

825, 906

440, 917

384,989

46, 558
6,004

13,085
189

33,473
5,815

41, 565
122,268

16,083
57,063

25, 482
65,205

8,449
29,953
187, 651
59,807
3,185

5,491
18,177
131, 946
37,176
2,599

2,958
11, 776
55, 705
22, 631
586

505,440
352

281,809
100

223,631
252

505, 792
51,425
11,658
2,657

281, 909
32, 653
5,011
1,770

223,883
18, 772
6,647
887

571, 532

321, 343

250,189

109,076
61,617
160
1,639
29,474

65, 646
41,997
78
1,420
16,222

43,430
19,620
82
219
13,252

168, 780

86,423

82, 357

370,746

211, 786

158,960

REPORT OF THE COMPTROLLER OF THE CURRENCY

213

TABLE N O . 33.—Assets and liabilities of banks in the District of Columbia, by
classes, Dec. SO, 1961—Continued
[Dollar figures in thousands]
Total all
banks

National
banks

Nonnational banks

ASSETS—continued.
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

23,683
416

7,221
183

2,399

4,088
34
4,286

1,803,090

Total assets

16,462
233

993,140

809,950

1,057,267

582,527

474,740

26,831
33,351
194
67,349

24,787
20,015
166
45,995

2,044
13,336
28
21,354

4,088
34

LIABILITIES

Demand deposits:
Individuals, partnerships, and corporations
_
Foreign governments and official institutions, central banks and
international institutions
__
U.S. Government
States and political subdivisions
_.
Commercial banks in United States
Mutual savings banks in United States.__
Banks in foreign countries
Certified and officers, checks (including dividend checks),
letters of credit, and travelers' checks sold for cash

Total time and savings deposits..

2,982

1,706

11,538

8,031

1,209,249

Total demand deposits..
Time and savings deposits:
Savings
Accumulated for payment of personal loans
Other time deposits of individuals, partnerships, and corporations
Foreign governments and official institutions, central banks,
and international institutions
_
U.S. Government
Postal savings
States and political subdivisions
_
Commercial banks in United States
__
_.
Mutual savings banks in United States
Banks in foreign countries
__

4,688
19,569

688,010

521,239

315,862
18,036

162,184
3,250

153,678
14,786

73,688

38,742

34,946

12,030
16,548
479

7,716
8,772
479

4,314
7,776

436,643

215,500

909,153

736,739

34
29,379

11,339
920,492

34
18,040
754,813

32,582
66,424
22,649
6,130

Total liabilities.

221,143

1,645,892

1,675,305

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

19,597
38,833
10,488
3,730

12,985
27,591
12,161
2,400

CAPITAL ACCOUNTS

Capital stock: Common stock.
Suri '
urplus..
Undivided profitsReserves
Total capital accounts

_

_

Total liabilities and capital accounts.

127,785

72,648

55,137

1,803,090

993,140

809,950

113,274

49,578

63,696

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase)




214

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 34.—Assets and liabilities of all banks in the District of Columbia at

date of each call during the year ended Dec. 31, 1961
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

11 banks

11 banks

11 banks

11 banks

501, 310
351
40,840
13,143

794,117
484,488
364
52,613
11,662

809,812
500,825
364
53,164
10,548

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank and approved reserved 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
_

825,906
505,440
352
51, 425
11,658

2,582

2,567

2,657

2,657

156,276
30,324

149,704
24,253

145,076
29,779

168,780
29,474

133, 289
24,152

139,329
23,978
460

118, 840
24,103
410

172, 492
23, 683
416

4,088

4,088

6,026

6,648

4,088
34
6,685

1,696,761

Total assets.

4,088
~6~212"

1,693,649

1,706,314

1,803,090

1,049,578

1, 010,727

1,001,597

1,084,098

383,252
479
28,194
114
71, 791
15, 773

394,423
479
50, 618
155
68,577
16,232
1,541,211
1,129, 781
411, 480

402,448
479
52,793
131
67,774
13,141
1,538,363
1,117, 663
420,700

419, 616
479
49,899
194
72,037
19, 569
1, 645, 892
1,209, 249

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
_
Demand deposits
Time and savings deposits
Mortgages or other liens on bank premises and other
real estate
__
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
_

Total liabilities..

1, 549,181
1,149, 607
399,574
4
2,500

12,300
34
29,379

21,787

27,393

1,573,472

1,568,608

1,578, 762

1, 675,305

32,382
62,674
22,913
5,320

32,382
62,672
24,615
5,372

32,582
65,773
23,032
6,165

32,582
66, 424
22, 649
6,130

CAPITAL ACCOUNTS

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

123,289

125,041

127,552

127,785

1,696,761

1,693,649

1,706,314

1,803,090

109,714

107,868

116,324

113,274

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

215

TABLE N O . 35.—Assets and liabilities of nonnationai banks\in the District of Colum-

bia at date of each call during the year ended Dec^Sl, 1961
[In thousands of dollars]
Apr. 12,
1961

June 30,
1961

Sept. 27,
1961

Dec. 30,
1961

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 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
_

362,628
210,036
251
16,026
8,587

369,725
210, 762
264
17,237
7,139

383,899
222,523
264
18,880
6,499

223,631
252
18, 772
6,647

887

887

887

69,300
11,266

74,742
13,791

82,357
13,252

52,556
7,270
61

53,814
7,186
195

41,858
7,169
193

63,351
7,221

4,088

4,088

3,627

3,558

4,013

4,088
34
4,286

749,687

Total assets.

902
70,388
13,267

755,421

778,806

809,950

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
__
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time and savings deposits
Mortgages or other liens on bank premises and other
real estate
_
__
Rediscounts and other liabilities for borrowed m o n e y . .
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities..

445,481

445, 750

476,784

184,914

191,929

200,811

207,724

11,652
21
21,339
7,151
683, 775
491,256
192,519

20,134
26
22,169
5,531
685,270
485,537
199,733

21,508
24
21,027
5,429
694, 549
485, 934
208,615

21,112
28
23,060
8,031
736,739
521,239
215,500

3
12,300
16,478

17,376

34
18,040

696,821

701,752

724,228

754,813

12, 785
27,090
10,531
2,460

Total liabilities..

13,042

12, 785
27,090
11,317
2,477

12, 985
27,190
11, 920
2,483

12,985
27,591
12,161
2,400

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts.

52,866

53,669

54,578

55,137

749,687

755,421

778,806

809, 950

54,383

55,377

64,055

63,696

MEMORANDUM

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




216

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 36.—Income, expenses, and dividends of banks in the District of Columbia,

year ended Dec. 31, 1961
[Dollarfiguresin thousands]
National
banks

Total
Number of banks i

Nonnational
banks

11

Officer and employee benefits—pensions, hospitalization, social
security, insurance, etc
-Fees paid to directors and members of executive, discount, and
other committees
Interest on time and savings deposits._
Interest and discount on borrowed money
Net occupancy expense of bank premises
._
Furniture and equipment—depreciation, rents, servicing, uncapitalized costs, etc
Other current operating expenses
Total current operating expenses
Net current operating earnings

_
_

Recoveries, transfers from valuation reserves, and profits:
On securities:
Profits on securities sold or redeemed
Recoveries
Transfers from valuation reserves
On loans:
Recoveries
Transfers from valuation reserves
_
_
All other
_
_
Total recoveries, transfers from valuation reserves, and profitsLosses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not sold
Transfers to valuation reserves..
On loans:
Losses and chargeoffs
Transfers to valuation reserves
Allother
Total losses, chargeoffs, and transfers to valuation reserves. _
_

See footnotes at end of tables.




571
2,713
180

36,433

34,633

6,469
12, 992

3,571
6,587

2,898
6,405

274
1,667

226
1,481

1,722

791

931

419
10,188
58
3,799

226
5,324
22
1,802

193
4,864
36
1,997

1,437
8,577

863
3,909

574
4,668

45, 661

23,095

22,566

13, 338

12,067

936
1

510
1

426

59
34
510

15
467

44
34
43

1,540

993

547

3
161
126

1
159

2
2
126

500

222
1,612
461

1,106
298

222
506
163

_
._

.__

2,585

1,564

1,021

12,767

11,593

11, 720

5,945

5,775

12, 640

Taxes on net income: Federal
Net income before dividends
Net income after dividends

422
1,723
229

24,360

Net income before related taxes

Cash dividends declared...

6,237
826
21,107
350
2,649

71,066

_.

7,899
877
22,415
335
2,533

993
4,436
409

_._ _ _
_ _

12, 782
53, 507

25, 405

Current operating expenses:
Salaries and wages:
Officers
_
Employees other than officers
Number of officers *
Number of employees other than officers1

7

19,570
71,114

14,136
1,703
43, 522
685
5,182

Capital stock, par value
_ _
_
Capital accounts2
Current operating revenue:
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 operating revenue
Total current operating revenue

4

32,352
124,621

2

6,822

5,818

6,181

3,437

2,744

6,459

3,385

3,074

REPORT OF THE COMPTROLLER OF THE CURRENCY

217

TABLE NO. 36.—Income, expenses, and dividends of banks in the District of Columbia,
year ended Dec. 31, 1961—Continued
[Dollar figures in thousands]
National
banks

Total

Occupancy expense of bank premises:
Salaries and wages:
Officers
Employees other than officers

15
932

.

Total credits

281

525
701
1,155
522

__

26

461
312
370
75
273

213
331
1,080
249

4,656

2,070

2,586

772
85

Gross occupancy expense

119

38

742

Building officer and employee benefits
Recurring depreciation on bank premises and leasehold improvements .
_
_
.
Maintenance, repairs, and un capitalized alteration costs of bank
premises and leasehold improvements
Insurance, utilities (heat, light, and water), etc
Rents paid on bank premises
Taxes on bank premises and leasehold improvements

406

2
185

64

Number of officers l
___
Number of employees other than officers 1

15
526

2
304

_

Less: Rental income from bank premises
Other credits

Nonnational
banks

255
13

517
72

857

268

589

_.

3,799

1,802

1,997

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
_.
Onloans
__.

152

89

63

Net occupancy expense

Ratios to gross income:
Salaries, wages, and fees 3__ _ _
_
Interest on time and savings 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

_

__

1,495

1,123

372

Percent
21.91
14.34
21.94

Percent
28.50
14.61
20.28

Percent
27.42
14.04
23.70

64.25

63.39

65.16

35.75

36.61

34.84

19.11
4.96

17.56
4.83

21.47
5.13

1 Number at end of period.
2
Figures are averages of amounts reported for the June and December call dates in the current year and
the December call date in the previous year.
3 Exclusive of building employees.




TABLE N O . 37.—Number of banks, capital stocky capital funds, net profits, interest and dividends, and ratios, all banks in the District of
Columbia, years ended Dec. 31, 1930-61

fcO
OO

[Dollarfiguresin thousands. Figures for previous years publishecI 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
1960
1961

_

_

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
12
11

$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)

$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
30,826
32,352

Total

Capital
accounts1

$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
30,826
32,352

Net
profits
before
dividends

$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
115,614
124,621

i Averages of amounts from reports of condition made in each year.




Ratios

Interest and cash 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
11,165
12,640
2

Deficit.

On
capital
notes
and
debentures

On preferred
stock

Interest
Cash
on capital notes dividends
On com- and de- on prebentures ferred
mon
to capital stock to
stock
notes preferred
capital
and debentures

$2,755
2,648
2,278
l.OOfi
$31
77
58
47
41
40
28
24
11
17
6

$34
68
68
59
50
47
56
42
38
31
16
1

901
996
L,083
L, 194
1,248
1,379
L,416
L,442
L, 439
L, 432
,557

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
5,579
6,181

Percent

Percent

2.31
4.30
3.78
3.31
3.15
3.09
2.80
3.97
2.42
4.25
4.88

2.16
4.12
4.12
3.80
3.69
3.89
4.35
3.72
3.92
3.90
5.05
2.94

Net profits beCash
Total
fore dividends
dividends interest
on com- and cash
mon dividends
To
To
stock to to capital
capital
common accounts capital
acstock
capital
counts
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
18.10
19.11

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
4.83
4.96

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
36.22
9.66
39.07
10.14

O
Q

REPORT OF THE COMPTROLLER OP THE CURRENCY

219

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 19A2-61
ALL BANKS
\Dollarfiguresin thousands]
Year

Total loans
e n d of year

Losses and
chargeoffs

Recoveries

Net losses
or recoveries

Ratio of
losses (or
recoveries + )
to loans
Percent

1942
1943
1944._.
1945
1946 .
1947..1948
1949..
1950-.1951 _
1952_ .
1953
1954
1955___
1956
1957-.1958
1959. .
I960--1961

_

_

__

-__

___

_

- _

A v e r a g e for 1942-61-.-

$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
772, 944
825, 906

$225
237
600
195
184
303
1395
1574
1382
1475
1393
1579
1335
1360
1423
1477
1427
1443
1509
11, 717

$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
2 179
2
211

+$126
+60
166
+105
+299
+226
184
270
+157
160
140
173
173
117
250
265
287
311
420
1,506

+0.11
+.06
.15
+.08
+.17
+.09
.07
.09
+.05

418. 367

466

294

172

.04

$147
113
141
112
211
230
100
2 93
180
191
102

+$35

+0.06
.04

.04
.03
.04
.03
.02
.04
.04
.04
.04
.05
.18

NATIONAL BANKS
1942
1943
1944
1945 .
1946
1947
1948...
1949
1950
1951
1952
1953.-.
1954
1955
1956-.
1957
1958...
1959
I960
1961

_

Average for 1942-61

See footnotes at end of table.




$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
414,033
440,917
232,411

$112
133
110
66
62
133
1264
1261
1166
1298
1279
1288
1139
1206
1241
1252
1170
1238
1241
11.123

239

2 75

123
103
134

20

+31
+46
+149
+97
164
168
+14
107
177
+1
64

+.06
+.07
+.15
+.07
.11
.11
+.01
.05
.08

.02
.02
.04
.03
.03
.04
.04

2 67
2 63
2 94
2 104

83
138
118
103
175
147
1,019

.23

134

105

.05

220

REPORT OF THE COMPTROLLER OF THE CURRENCY

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 191+2-61—
Continued.
N O N N A T I O N A L BANKS
[Dollar'figures in^thousands]

—

Average for 1942-61

$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
358.911
384,989
185,956

Losses and
chargeoffs

Recoveries

Net losses * Ratio of
or recoveries
losses (or
recoveries + )
to loans

1291
1196
U54
1182
1225
1257
1205
1358
1594

$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
2 85
2 107

+$91
+80
197
+59
+150
+129
20
102
+143
53
+37
174
109
34
112
147
184
136
273
487

227

160

67

$113
104
490
129
122
170
1131
1313
1216
1177

U14

„

2
i 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.




Percent

+0.15
+.14

.36

+++

1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961

Total loans
end of year

-v| tO tO COO

Year

+.09
.03
+.02
.09
.05
.01
.04
.06
.06
.04
.08
.13
.04

REPORT OF THE COMPTROLLER OF THE CURRENCY

221

TABLE N O . 39.—Total securities of banks in the District of Columbia, losses and
recoveries on securitiesf and ratio of net losses or recoveries to securities} by calendar
years 1942-61
ALL BANKS
[Dollar figures in thousands]
Total securities end of
year

Year

1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961

Losses and
chargeoffs

Recoveries

Ratio of losses
Net losses or (or recoveries
recoveries(+) +) to securities
Percent
0.07
.04
.03
.002
.01
.05
.02
.02
.03
.13
.12
.10
.02
.09
.23
.10
.15
.25
.13
.03

_
_
_

_

_.

_

_
Average for 1942-61

$466
770
639
299
205
347
1201
1126
1169
1757
1711
1634
1164
1509
11,224
1518
1889
11,375
1671
1164

$262
590
459
278
125
83
2 88
22
22
28
271
234
21

2 10
21

$204
180
180
21
80
264
113
124
167
757
703
563
130
508
1,224
517
889
1,375
661
163

545,390

_
.

$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
521,657
571,532

542

101

441

.08

0.04
.06
+.01
.002
.01
.05
+.01
.01
.03
.14
.12
.06
.04
.05
.10
.06
.10
.17
.07
.05
.06

21

NATIONAL BANKS
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959 . _
1960
1961

_ .

Average for 1942-61.
See footnotes at end of table.

644637—62

-15




$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. OflO
325. 286
300, 792
321. 343

$271
641
231
182
97
166
144
124
1100
»540
1432
1265
1151
1167
1332
1204
1341
1564
1228
1160

$199
469
250
173
76
16
2
80
2
1

2 10
21

$72
172
+19
9
21
150
+36
23
100
540
425
198
151
167
332
203
341
564
218
159

340,357

257

68

189

2

7

2 67

2 1

222

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 1942-61.—Continued
NONNATIONAL BANKS
[Dollarfiguresin thousands]
Total securities end of
year

Year

1942
1943
1944
1945
1946
1947
1948
1949 .
1950
1951
1952
1953
1954
1955
1956
1957
1958 .
1959
1960
1961

_
_
_
_

Average for 1942-61

Losses and
chargeoffs

$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
220. 865
250,189

$195
129
408
117
108
181
157
1102
169
1217
1279
1369
113
1342
1892
1314
1548
1811
1443
14

205,033

285

Recoveries

$63
121
209
105
49
67
28
21
22
21
24

Ratio of losses
Net losses or (or recoveries
recoveries (+) + ) to securities

$132
8
199
12
59
114
149
101
67
217
278
365

2 34
21

+21

33

252

341
892
314
548
811
443
4

1
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. 110.




Percent
0.13
.01
.10
.004
.02
.05
.07
.05
.03
.10
.13
.19
+.01
.18
.52
.17
.22
.37
.20
.002
.12

REPORT OF THE COMPTROLLER OF THE CURRENCY

223

TABLE NO. 40.—Fiduciary activities of banks in the District of Columbia, Dec. 80,
1961
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
_

$1.652,061.548

$970,116,529

$681,945,019

379,856,424
724,958,959
6, 271,151

154,342, 361
268,949,181
1.343,399

225,514,063
456,009,778
4,927,752

1, 111, 086, 534

424, 634. 941

686,451,593

4 412
2,318
67
279

1,548
884
49
112

2,864
1,434
18
167

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

7,076

2,593

4,483

Bond and debenture issues outstanding where bank acts
as trustee..

398,087,154

354.430,704

43,656,450

Trust department gross earnings for year ended Dec.
31,1961

4,436,000

1,723,000

2,713,000

Total number of accounts

1

Corporate paying agency, depository, registrar, transfer agency, etc.




TABLE NO. 41.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. SO, 1961
[Dollarfiguresin thousands]
Total all
banks

Number of banks

National
banks

All banks
other than
national

Banks other than national
State commercial l

Mutual
savings

Private

4,513

9,420

8,844

515

61

1,
47,565; 454
10,222,473

669,851
11,927,156
3,949,999

1.128,815
35,638,298
6,272,474

1,075,732
9,293,517
3,517,829

51,256
26,340,609
2,752,949

1,827
4,172
1,696

1,045,504
7,328,633
4,072,159

549,920
4,066,817
1,460,186

495,584
3.261,816
2,611,973

489,052
3,250,582
2,593,962

6,433
3,466
16,266

99
7,768
1,745

2,H0,930
934,280
5,329,047
45,537,683
28,277,440
3, 436,419

915,185
467,220
2,614,139
24,885,922
15,452,442
1,789,089

1,225, 745
467,060
2, 714,908
20, 651, 761
12,824,998
1,647,330

1,204,693
466,237
2,705,530
20,452,445
12, 500, 467
1,626,833

6,860
2,378
115,267
315,275
16,158

14,192
823
7.000
84,049
9,256
4,339

157,688,688
2,845,878

68,747,926
1,439,192

88,940,762
1,406, 686

59,176,879
1,172, 702

29,626,917
233, 529

136,966
455

154,842,810

67,308, 734

87, 534,076

58,004,177

29,393,388

136, 511

72,821,684
21,063,440
7,081,428
1, 574,184

36,087,678
11,077,350
1, 569,230
359,281

36,734,006
9,986,090
5, 512,198
1,214,903

30,539,926
9,225,145
1,352,363
312,254

6,136,307
677,229
4,158, 420
894,176

57, 773
83, 716
1,415
8,473

102, 540, 736

49,093,539

53,447,197

41,429,688

11,866,132

151,377

3,864,958

1,923,655

1,941,303

1,788,906

150,125

2,272

53,622,203
3,405,537
121,876

29,154,790
1,849,848
61,365

24,467,413
1,555,689
60,511

23,586,863
1,269,063
35,913

786,372
284.396
24,496

94,178
2,230
102

354,400
1,675, 990

191,196
479,808

163,204
1,196,182

163,149
1,172,768

ASSETS

Loans and discounts:
Keal estate loans:
Secured by farmland (including improvements)
Secured by residential properties (other than farm)
Secured by other properties
Loans tofinancialinstitutions:
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)
Other 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




55
23,414

I
o
o

1,907,697

1,161,580

829,214

327,919

4,447

150,809,052

171, 527,155

128,279, 741

42,832,828

414,586

124, 507, 318
662,881
5,969,975
12, 315,431
15, 792,613
794, 734
1,340, 533
5,078,827

66,905,310
232,807
3, 314. 586
7,076,125
9,668, 773
265,440
425,144
2,077,274

57, 602,008
430,074
2, 655, 3S9
5,239, 306
6,123,840
529, 294
915, 389
3,001,553

57,146,296
427,387
2,648, 595
5,235,064
6,101, 596
528,323
881, 610
2,972, 773

250,865

6,799

204,847
2,687
156
2.246
22,198
971
33,779
21,981

166,462,312

Total assets.

746,117

322, 336,207

Other assets

89,965,459

76,496,853

75,941,644

266,344

288,865

102,267,999
772, 528
9,977,213
2,200, 533
283, 599
16, 784
5, 527,487
200,191
150,830
131,234

36,139, 592
433,436
4, 607, 606
853, 850
204,477

66,128,407
339,092
5, 369, 607
1,346, 683
79,122
8,832
2, 333, 469
140, 111
146,805
91,112

27, 922,655
338,496
5,347,187
1,328,212
79,056
8,832
2,316,045
138,354
146, 805
84, 778

38,190,954
596
11,989
66

14, 798

16,400
752

1,024
1,005

38,220, 757

LIABILITIES

Demand deposits:
Individual, partnerships, and corporations..
Foreign governments, central banks, etc
U.S. Government
States and political subdivisions
Commercial banks in the United States
Mutual savings banks in the United States..
Banks in foreign countries
Certified and officers' checks, etc
Total demand depositsTime and savings deposits:
Savings
—
Accumulated for payment of personal loans
Other deposits of individuals, partnerships, and corporations
Foreign covernments, central banks, etc
U.S. Government
Postal savings
_
States and political subdivisions
Commercial banks in the United States__
Mutual savings banks in the United States
_
Banks in foreign countries.

__
__.

7,952

3,194,018
60,080
4,025
40,122

46

10,431
18,471

6,334

Total time and savings deposits-

121,528,398

45,545,158

75,983,240

37,710,420

Total deposits

287,990, 710

135, 510,617

152,480,093

224,615
2, 708,874

269,307
1,226,103
3,131,210

254,283
1,200,747
2, 557, 561

138,933,746

157,106, 713

117, 664,655

39,064,860

6,699,975
52,257
14, 745
13, 539,944
5,086,018

3,573,976

3,125,999
52,257
11, 477
7,604,165
3,005,915

3,115,243
52,107
11, 477
4,994,318
2,144,408

O

o
o

566. 620

296,040,459

3

113,652,064

493,922
1, 715, 743
5,840,084

m
o

_.

Rediscounts and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstandingOther liabilities
,
—Total liabilities...

489,640

377,198

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..
i Includes stock savings banks.




3,268
5,935,779
2,080,103

150

10,756

2,587,400
859,850

22,447
1,657

902,809

282,180

620,629

297,533

26,295,748

11,875,306

14,420,442

10,615» 086

3, 767,968

37,388

322,336,207

150,809,052

171, 527,155

128,279, 741

42,832,828

414,586

2,528

to
to

TABLE N O .

and liabilities of all active banks in the United States and possessions, Dec. 30, 1961 {including national, State
commercial, savings, and private banks)

42.—

ASSETS
[Dollar figures in thousands]

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

U.S. Gov- ObligaCoporate
Loans and ernment
stocks,
tions of
Other
Num- discounts, obligabonds, including
Population
States
tions,
(approxi- ber of including
and polit- notes, stocks of
direct and ical sub- and de- Federal
overmate)
banks
guaran- divisions bentures Reserve
drafts
teed
banks

1,005,000
630,000
399,000
5,290.000
876,000
2, 658,000
10, 858,000
17,208,000
6,343,000
11,579, 000
464,000
3,237,000
764,000

79
107
59
351
17
138

681,118
291,278
712,919
246. 423
382.378
115,671
7,665, 544 3,300,785
987,244
300,855
3,454,876
991,288

54.054
28,021
33.393
417,994
106,884
289, 995




Investments
and
Real
Cusother
Bank
estate assets tomers'
premises owned indiliabilowned,
other rectly ity on
furniture than
repre- acceptbank senting ances
and
outfixtures prem- bank
prem- standing
ises or
other
real
estate

78,274
38,681
8,159
345,078
91,914
339,582

28,847
39,938
3,433
263,167
31,288
147,864

110, 588
22,516
90,223
13,006
53,494
8,066
130,239 1,425, 584
132,976
23,441
80, 434 535, 556

17,291
14, 924
7,259
116,544
15,825
70,348

930,341 901, 688
751 13, 884,079 5,246,300
513 44, 754,846 13,815,434 4,411,981 2,432, 554
268 4, 890,135 2,309, 774 1,049,402
343,210
683 9,241,022 4,351, 529 1,496,166
932, 671
22
473, 707
49, 782
240, 562
78,350
138 1,609, 972
201,315
159, 359
963, 629

514,537
519,950
42,347
98,822
12,924
6,554

277, 702 2,348.421

1,
1,438
382
6,405
311
2,065

§
Other
assets

11

825,906

505, 792

51,425

11, 658

4,048 21,148,203 12,164,225. 3, 524,016

699,420

2,657

516,432 13, 275, 570
162, 715 1,170,508
296,231 2,759,165
147,418
13,388
500,133
64,065
29,474

341,272

416

683.254 1,082,305 18,194,066 1,074,010
6,612
53,807
81, 620 639,099
3,075
18,135
37, 293 248, 250
719, 566
4,550
49,355
85.264
1,552
17,940
32,808 228,338
6,169
54,379
60, 497 725,189
8,538
96,906
121,880 1,197,867
3,549
27,605
51, 811 447,608
24,477
36,489 314,015
i,r~
39,957
64,268 770,375
4,877
184, 992 3, 631, 654 263,978
26,440
18,144
28,555 347, 640
1,829
24,786
52,804 673,034
3,914
41,803
76, 852
6,009

33,162
1,443
1,354
615
377
1,583
3,855
l,f"
632
1,092
12,430
1,150
1,238
4,144

915,133 10, 799,623

66,520
130
55

74,327
11, 770
5,707 66,705
21, 575 68, 825 1, 248,153 776, 951
,
46,101
613
1,906 1,900
74,083
7,117 13,472 23,862
12,121
3,371
795
4,490
36,974
1,353
411
1,582

23,683

78, 763

964
55
1,749
2,341
256
342

731,272

4,088

34

93,186 1,274,244
6,326
M
1,890
5,481
266
76
359
359
4,047
1,060
26,342
421
3,813
22
533
2,070
4,300
6,212 42,226
2
184
202
1,335
5,629
474

31, 211 61,296

54,232

Total
assets

3.002 1,289,101
2,152 1,187,780
908
614,892
51,041 13, 791,242
4,790 1,695,914
12,434 5,924,839

242,191
663,753
119,156
218,323

39,595,000 1,635 61,795, 588 22,186,720 7,260,071 3, 957, 802
302 1,830, 764
4,117,000
271,034
76,825
975,158
181
1,854,000
582,284
95,279
12,011
519,456
171 1, 660. 953
4,659,000
273,641
93,944
735,351
144
2,425,000
103, 521
35,276
496,273
330,113
403 1,604,151
4,023,000
185, 976
54, 208
790,270
322 2,117,001 1, 738,936
5,355,000
390, 523
63,252
238 1,046,224
3,330,000
228,346
39,499
582,731
193
2, 242,000
216, 530
14,603
621, 751
339, 287
192 1,347,374
3,360,000
16,949
911,370
9,915,000 1,018 6,260, 851 3,190,985
930,272 195,859
237
1, 809,000
24,645
633,849
341,577
158, 738
351 1,138,921
3,103,000
32,036
834,775
126,528
296 1,807, 807
3,651,000
40,313
874,216
259,820
49,843,000

Balances
with
other
banks,
including
Currency reserve
and coin balances
and cash
items in
process
of collection

6,685

24, 503, 768
82,506,024
10,137, 767
19,512,463
1,036, 908
3,604,045
1,803,090

965,889 118, 600,297
10, 550 3,955,137
4,018 1, 523,045
17,227 3, 646,213
3,325 1, 249, 958
11,114 3,497,942
26, 111 5, 792,271
7,481 2,440,386
4,421 1,574,409
12,545 3,458,985
46,091 14,791,990
3,035 1,559,348
5,966 2,895,539
9,512 3,983,567
161,396 50,368,790

O
O

49,506 13,263,771
9,986,000
1,594
Ohio
2,882
578 5, 981,228 3, 659,034
6,979
932, 664 114, 887
221,345 2,124, 912 142,302
26,438
18, 616 5, 660,299
4, 748,000
2,120
977,334
446 2, 273,521 1, 846,432
Indiana
1,994
207
60,211
106,365
64,370
301, 495
7,634
91,439 21,142,268
10,374,000
976 8, 633,109 5, 804, 634 1, 704, 611 384, 477
Illinois
65, 748 193,030 4,033, 518 110, 911 8,722 23,449
5,204 8,630
373 4, 564,257 2, 819,265 1,076,475
41,274 10,282,079
8,040,000
Michigan
1,219
162, 827 1,438, 803 116,693
31,084
16,348
569 2,304,009 1, 597,008
33,149 5, 454, 780
4,068,000
7,563
Wisconsin
345
51,197 2,431
79, 349 952,359
74, 775
5,296
347, 299
690 2,437,389 1,290,685
17, 668 5,343, 651
3, 507,000
1,175
954,315
Minnesota- 55,038 1,653 16, 795
55,01
310, 542 182,403
20,973
672 1, 687,092
5,874 3, 686,502
627,487
2,800,000
Iowa
3,878
25, 777 1,103
945,967
55,341
35,049
295, 692
3,242
2,882
626 3,072,273 1,853,565
4,420,000
Missouri
4,832
3,682 26,078 7,223,253
1, 540,008
56,297
86,357
80,876
472,454
23,949
Total Middle
Western
States
47, 943,000 4,930 30, 952,878 19, 816, 590 5, 441, 232 967, 921
96, 842 283,604 72,056,603
959, 629 12, 648, 736 618,426 26,997 74,120
North Dakota
646, 000
2,393
156
100,312
296, 099
857, 006
10,171
298, 524
660
200
41,247
97,358
9,361
681
South Dakota
697, 000
174
2,816
883, 664
9,285
364, 613
295,822
879
274
49, 572
10, 231 126,688
22, 425
1,059
Nebraska
1, 446, 000 425
5,629
15,088 1,077
900, 570
2,521
507,457
23, 001 386, 462
2,646
116, 523
25,628
590 1,148, 875
Kansas
23,858
2,211,000
1,075
4,337 2,873,393
881
36, 641 535, 975
3,365
770, 314
315,110
32,962
123
Montana.
14, 053
687,000
511
12, 570 158, 386
1,247
383, 340
104
65,895
281,254
944,848
24,006
13
94, 644
Wyoming..
___
55
806
200,921
342, 000
13
621
26,848
1,041
7,285
155,296
7,288
4,130
502, 383
194 1,178,942
5,165
1, 800. 000
Colorado.
,
14,971 2, 547,819
1,769
19,824
7,117
104,852
677,344
29, 60J
5,847
164,170
57
New Mexico
1,901
681
11,815
338, 527
1, 000,000
294
42,138
837,159
17,144
7,062
252,433
994
Oklahoma
6,485 3, 227, 462
35,029
2, 382, 000
5,789
1,513
41, 703 765, 320
231, 704
4,791
1, 326, 692 776,108
32, 098
230
Total Western States.. 11, 211. 000 2,162 6,141,004 4,012,127 1,050,000
243 43,042 14, 656,846
7,712 18, 452
187, 544 2,834, 340 146,408
195, 405
20,569
Washington
53, 573 1,484
2, 935, 000
3, 715, 656
1,296
45, 562 582, 664
237,023
1,811,677
60,355
5,427
897, 558
Oregon
392,530
2, 443, 541
235
41, 675 1,639
50 1,100,683
1, 820, 000
23,998
3,343
225, 657
594, 788
41,418
California
29, 849, 910
122 14,882,428 6, 589, 707 2,046,190
254, 752 4, 941,172 407, 292 5,643 78,040
89,318
16, 740, 000
199,464
Idaho
32
504
746,169
12,305
1,067
51,411
693, 000
103
348, 902
215, 366
10, 707 100, 080
2,735
Utah
50
9,039
1,164, 356
7,613
1,818
204
72, 037
930, 000
14, 376 211, 893
588, 544
249, 881
6,519
Nevada
7
11,163
63
336
540,444
50, 937
802
47, 773
262,421
141,288
305,000
10, 209
12,482
12
Arizona
33, 406
513
6,824
1, 616,348
2,970
74, 539
294,274
1,433,000
13, 731
2,497
25, 910 284, 903
860, 878
15
Alaska
1,573
231, 453
4,036
27,148
291
378
10,137
101,025
71,578
238, 000
8,018
6,858
12
Hawaii
13, 820
2,347
374
2,740
877, 468
"I," 224
49,096
429, 938
667,000
22, 862 109, 418
228, 687
5,061
Total Pacific
States
393 20,386,496 9,283,127 2, 813, 863 348,623
25, 761,000
107, 383 416, 394 6, 700, 745 584, 883 10, 401 100,587 182,178 250,665 41,185,345
Total United
States (exO
clusive of
possessions)
1,
185, 211,000 13, 919 154, 308, 248 72, 709, 089 21, 019, 523 7, 070, 859 574, 134 3, 838, 70753, 525, 931 3, 397,190 121, 253 353, 348 1, 674,444 1, 778,923 321, 371,649
Canal Zone (Pan17, 542
19, 714
25
456
903
ama)
,
42,000 C1)
13,499
33, 952
68
226
7, 202
1,387
11, 570
Guam
!
66,000 (2)
3
88,767
1,052
1,432
861, 568
555
7,878
105, 231
81, 092
22,399
41, 316
501,263
2,420,000
Puerto Rico
10, 564
41
6,102
3, 953
1,858
52
192
20,000
American Samoa.. .
Virgin Islands of
8,925
3, 569
114
43, 222
5,506
20, 634
34,000
1,625
2,601
the United States*.
Total possessions
3
8,347
964, 558
534, 562
623 1,052
1,546 128, 774;
96, 272j
26,251
10, 569
50
43,917
112,595
2, 582,000
Total United
States and
possessions. 187, 793,000 13,933 154,842,810 72,821,684 21,063,440 7,081,428 1,574,184 3,864,958 53, 622,203 3,405, 537 121,876 354,400 1, 675, 990 1, 907,697 322,336, 207
1
One branch of a national bank and 1 branch of a State member bank in New York.
* Asset and liability items include data for branches of a State member bank in New
2
York.
Branches of banks in California and Hawaii.
to
3
Asset and liability items include data for branches of a national bank and a State
member bank in New York.




1

i

s

w:

TABLE N O .

42.—.

and liabilities of all active banks in the United States and possessions, Dec. SO, 1961 {including national, State
commercial, savings, and private banks)—Continued

to
to
oo

LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

- -

. ._

_ .-

Total New England States

Total Eastern States
Virginia ___
West Virginia
North Carolina
South Carolina
Georgia
Florida
- Alabama
Mississippi
Louisiana
Texas
Arkansas - Kentucky
Tennessee

--

_.

__.___- - - -

Total Southern States




Acceptances
executed
by or for
account of
reporting
banks and
outstanding

Other
liabilities

Capital
stock i

24,711
9,289
14,072
168,027
24,755
71,285

Surplus

57,813
62,213
21,333
715,288
90,115
266,024

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

974

67,021
142
55

22,533
23,005
9,144
326,449
42,634
124,103

5,338

67,218

547, 868

312,139

1,212,786

640,635

106,613

1,460,692
187,995
411,887
19,819
58, 709
32, 582

4, 008,149
395,381
1,114,562
73,463
168,883
66,424

1,243, 547
103, 589
251.901
10,021
53,454
22,649

209, 902
54,487
72,425
381
11.462
6,130

387,453
277,395
158,371
4,908,430
511,739
1,932,020

1,138,122
750,669
763,286
1,040,681
552,459
394,088
7,168,696 12,077,126
1,001, 992 1, 513, 731
3,357,032 5,289,052

148
2,955

13, 435, 763 21, 611,171

1,261

41,956
43,011
14,812
374,470
23,100
143,286

3 818
6,626
3 072
61,600
1,437
30,060

36, 933,689 34, 916,806 71,850,495
4,360,974 4,817,916 9,178,890
9,380,499 7,941,881 17,322,380
333. 005
907,831
574,826
1,839, 547 1,419, 662 3,259,209
1, 209,249
436, 643 1,645,892

_

-

Total
deposits

8,175,408

--

New York
New Jersey
Pennsylvania
_
__
Delaware
Maryland
_
_
_District of Columbia...

Time
and savings
deposits

Rediscounts
and other
liabilities
for borrowed
money

--

298,389
11,325
13,295

1,280,677
613
25,823

400

1,582
34

2,154,173
205,487
300,190
25, 393
50,346
29, 379

54, 298, 784 49,865, 913 104,164,697

323,409

1,308, 729

2, 764,968

2,171, 684

5,826,862

1,685,161

354,787

1,432, 598 3,552,314
468,308
1,339,924
870, 550 3,211,199
219,906
1,109,678
884,574 3,124,870
1, 592,437 5,264,113
673,893 2,191,624
373,994
1,442,482
808,854 3,148,255
3,245,648 13,462,341
359,479
1,423,678
574,085 2,626,437
1,178,265 3,625,340

825
1,300
225

1,899

211
1,925

266
76
359
1,083
421
22
2,213
43,203
2
202
5,629

71,108
26, 805
146, 754
33, 539
61,618
73,093
35.009
11.651
36,661
91,576
7,785
22,985
51,318

92.988
37,466
76,123
34,087
89,178
173,834
63,412
31,647
76, 745
417,486
37,638
62,633
90,048

165, 709
77, 506
164,143
52,623
143,389
199,665
88,616
83. 546
136,124
494,606
48,831
124,034
137,484

65,219
33,082
39,056
17, 267
47,019
59,334
47,850
2,875
52,433
197,456
36,944
53.632
64, 093

5,075
6,962
8,447
2.688
30, 527
14,149
11.4.54
1,666
3,988
44.560
4,470
5,405
7,730

58,316

55,375

669,902

1,283,285

1,916,276

716,260

147,121

2,119,716
871.616
2,340.649
889, 772
2, 240. 296
3,671,676
1, 517, 731
1,068,488
2, 339,401
10.216,693
1,064,199
2,052,352
2,447,075
32,839,664

12,682,591

45, 522,255

982
7,000
2,000
520
2,566
40,762

o

3
o
*4

S

1,153,304

215, 204

10, 674
6, 857
1,100
100
3,081

13

333

230

7, 305
7, 603
13, 866
15, 555
12, 274
4,824
32, 270
8,362
22,893

20, 235
19, 651
52, 362
67, 300
23, 458
6,473
64, 561
21, 460
78, 995

27, 052
25, 462
71,250
112,350
24, 948
18. 674
79. 881
22,009
108, 622

23, 583
20, 732
48. 708
64,960
18. 231
11. 828
40. 760
8,887
86.203

7,888
2, 356
5, 863
4,410
564
1,673
4.281
6.679
5,238

22,145

243

124, 952

354, 495

490, 248

323,892

38. 952

3,719
3,043
174, 654

78, 576
59. 747
600.316
19 103
26,942
13, 816
36, 393
6.650
26, 745

134,166
70. 235
1, 021, 044
21, 372
39.491
16, 914
60, 994
5,410
33,413

67,251
55,346
373.094
9,292
14,912
6.873
16,647
3,436
15, 509

8,766
502
13. 504
2, 567
2,262
66
2,757
750
3,631

301,320
277,492
302,166
649, 716
296.358
163,671
744,102
219,664
635,328

770, 943
807, 860
1, 783,879
2, 601, 961
864, 260
455, 321
2,322,985
769, 762
2,924, 948

3, 589,817

13, 301,919

1, 911. 725
1,165, 007
14,232,226
434 933
627, 602
274,831
945.153
117,931
416, 598

1,454,980
1, 055,266
12, 850,901
249,610
435.162
217,679
517,658
95,424
364, 997

3, 366. 705
2, 220. 273
27, 083,127
684, 543
1,062, 764
492, 510
1,462. 811
213,355
781, 595

850
19, 810

20,126,006

__

Total Western States
__ _

______

17,241, 677

States

(exclusive

Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the United States

_

Total possessions..
Total United States and possessions
i Includes capital notes and debentures.




1,594
411
89,009
1,269
345
1,175

400
195
95

2,497
1,224

56,473
33. 545
564. 361
9,292
17, 785
10,265
33,849
1,657
15,256

37, 367, 683

21, 550

185,137

742, 483

868, 288

1, 403, 039

562,260

481, 872

1, 714,197

5, 794, 891

6, 723, 292

13, 522, 947

5,081,612

897.482

1,432

43,250
100
335

16,237
85
675

3,744
33
629

5,296
31

114

8
690
43,708
26
761

w

hj

o
o

34, 805

166,039, 506 121,115,850 287,155, 356

_
_

Total Pacific States
Total
United
possessions)

2, 673, 736

469, 623
530, 368
1, 481, 713
1, 952, 245
567, 902
291,650
1, 578,883
550. 098
2, 289, 620

_

Washington __ __ •__
Oregon
California
Idaho
Utah
Nevada.,
Arizona
Alaska.
Hawaii

1, 733, 401

51,114

9, 712,102

North Dakota
South Dakota
Nebraska ._
Kansas
Montana
Wyoming
_
Colorado
New Mexico
Oklahoma

6,485
13, 545
108, 918
24. 053
12, 749
20. 585
10.928
17, 941

944,718

65,187, 631

40, 887, 542

_ _

181,424
108. 487
252, 799
146,328
93. 872
98,913
113,079
158,402

3,692

24, 300.089

_ --

Total Middle Western States

_ -

595. 290
206, 556
769. 397
361, 835
182, 646
190. 733
124, 588
242, 691

97,495

36,850
27
1,264
715
275
1,494

4, 832, 672
1, 773, 693
6,285,515
4, 582 452
2,154,304
1, 952,178
1, 024, 735
1, 694, 540

_

316,721
113, 285
560. 629
239, 525
108, 472
121,417
81,026
192, 326

225,495
95,134
232, 439
163 913
80,017
64,229
16.359
67,132

10,489

11,926,273
5,122. 881
19, 092, 227
9 345 129
4,975,415
4, 845, 884
3, 340, 247
6, 539, 575

7,093.601
3,349.188
12.806, 712
4, 762,677
2,821,111
2, 893, 706
2, 315, 512
4,845, 035

Ohio
Indiana
Illinois
M ichigan
Wisconsin
Minnesota
Iowa
Missouri

200

of
15,139
13,009
374, 516
3,799
16,343

4,567
20,253
361, 335
2,028
24,365

19, 706
33,262
735, 851
5,827
40, 708

12,050

422, 806

412, 548

835, 354

12,050

1,546

45,193

43,685

16,997

4,406

5,327

166,462, 312 121, 528,398 287, 990, 710

493, 922

1, 715, 743

5, 840, 084

6, 766, 977

13, 539,944

5,086, 018

902,809

(See classification on pp. 232 and 233.)

I
w

TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec. 30, 1961 {including national, State
commercial, savings, and private banks)—Continued
CO

[In thousands of dollars]

o

Loans and discounts
Real estate loans

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 C arolina
South Carolina
__
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern
States

Secured
by
farm
land
(including
improvements)
8,478
6,523
19,120
8,819
1,501
7,965

Secured
by residential
properties
(other
than
farm)
328,600
423,936
185,968
4,195,033
549,266
2,203,911

To doSecured mestic
comby
merother
cial
properand
ties
foreign
banks
71,031
108,883
42,216
676,381
76, 654
202,018

52,406 7,886,714 1,177,183
59,721 18, 701,5212,
2,614, 547
14,918 2,183,918 418,098
96,316 2,799,630 661, 990
131,765
11,866
41,063
32,105
555,368 163, 505
152,762 70,288
26
214,952 24, 524,964
53,317 379,467
14, 874 163,790
132,159
42,884
52,436
15, 000
53, 065 192, 666
29,100 256,487
112,165
35,450
43,327
57,977
29,007
152, 656
51, 512 250,627
37, 798
63,541
82,567
161,999
64,426
172,135

Other

Loans for purchasing or carrying securities

Loans to farmers

To
brokers
and
dealers
in securities

Directly
guaranteed by
the
Commodity
Credit
Corporation

Other

721
7,046
7,480
1,230
5
495
16,836 236,746
1,250 31,603
1,365 38,163

1,861
2,210
550
69,178
3,893
23,396

2,943
1,476
1,714
31,971
629
16,717

21,407 321, 533
413,625 2, 022,053
9,840 133,658
36,031 386,965
9,939
15,100
6,965 73,617
57 97,804

101,088
2,280,386
135, 590
122,995
22, 749
12,419
11,397

55,450
573,511
32,626
144,853
2,525
24,886
7,351

19

88,544 1,094,884

299,209

Other
loans to
farmers
(excluding
loans on
real
estate)

Commercial and
industrial
loans
(including open
market
paper)

12,080 128,309
4,361
69,648
18,494
46,770
11,039 1,504,480
871
196, 998
7,353 432,882

19 54,198 2,379,087
12, 737 125, 700 13,444,064
19,027 863,839
64
527 107,998 2,867,891
92,124
6,145
116
24,855 336,240
119 233,333
1,884

3,969,491 481,618 2, 724,036 2, 585, 536 785, 752 15,328
128,167 2,901
55,306 25,223 17,051
53,411
10,169
2,721
250
9,615
13
93,551 2,940 100, 592 54,471 32,851
11,009
35,202 1,698 22,152
6,715 10, 491
3,951
90,398 1,942 106,807 17, 783 19,370 27,346
189, 056 3,227 116,685 30,149 46,372
406
61,146 6,126 51,044
9,212 11,367 12,103
43,625 3,523 19,810
7,'" 12,302 17,169
118,842 9,631 80,894 21,437 17, 619
7,225
272,882 48, 750 333, 549 53,998 282, 701 144,348
47, 716 2,832 19,481
7,618
6,673 39,462
80,480 3,692 60,506 30,561
10,249
2,050
91,955 1,031 117,889 31,322 30,905
19,261

552,327 2,148,105 1,306,431




Loans to financial institutions

507, 566 284,438

Other
All
loans to
other
individloans
uals for
(inpersonal cluding
expendi- overtures
drafts)

O

Total
gross
loans

Less
valuation
reserves

Net loans

s
3

W
120,915
67,322
919,637
114, 744
509, 502

6,972
7,838
681,118
688,956
5,350
4,481
712,919
717,400
3,926
4,202
382,378
386, 580
87,873 7, 758,012 92,468 7, 665, 544
987,244
24, 083 1, 001, 492 14,248
46,259 3,489, 531 34,655 3,454,876

1,818,423 174,463
4,014,002 1,355,159
1,106, 621 76,312
2,036,017 185,797
137, 646
7,057
378, 736 24, 516
237,453 23,573

283,844 17,837,491 7,910,475 1,672,414
58,411 466,768 631, 281 36,297
8,629
109,324 214,377
6,853
45,801 615,455 532,941 31,554
14,324 163,752
157, 791 22,066
43,094 534,604 509,039 31,191
44,393 709,454 700,416 34, 749
47,357 339,133 342,800 46,394
44, 754 226,877 147,414
14,055
30,641
557,117 307, 550 35,300
370,343 2, 920, 567 1,485, 534 160, 442
59, 083 192, 724 158,360
6,672
79,321 291,465 334,312 19, 734
67,374 622,952 584, 470 39, 581
913,525 7,750,192 6,106,285

14,041,971
45,617,026
4, 994, 511
9,447,010
478,095
1,633,212
836,047

157,892 13,884,079
862,180 44, 754,846
104,376 4,890,135
205,988 9,241,022
473,707
4, r
23,240 1, 609, 972
825,906
10,141

63,005,901 1,210,313
1,854,284
23, 520
594,026
11, 742
1,696,208
35,255
9,305
505, 578
23,154
1,627,305
43,493
2,160,494
28, 073
1,074,297
17,081
638,832
20, 545
1,367,919
6,375, 253 114,402
8,111
641,960
1,156, 936 18,015
35,495
1,843,302

484,888 21,536,394

61, 795, 588
1,830, 764
582,284
1, 660,953
496, 273
1,604,151
2,117,001
1,046,224
621, 751
1,347,374
6, 260,851
633,849
1,138,921
1,807,807

388,191 21,148, 203

Ohio
Indiana
Illinois
Michigan. _
Wisconsin..
MinnesotaIowa
Missouri.__
Total Middle
Western StatesNorth DakotaSouth Dakota..
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western
States—
Washington..
Oregon
California.-..
Idano
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States J

114, 745 1, 448,374
581,302
79,167
77,489 1, 085,462
63,628 1,356, 077
98,085
637,741
65,970
72,978
262, 534
71,616
539,204

500, 498
160,860
373,697
354, 073
201,531
126,047
87, 080
191,345

13,642
15,827
67,290
13, 797
8,784
10, 904
5,562
41,772

295,390 173, 799 157,163
16, 810
45,322
101,497
837,231 397, 596 261, 782
72, 629
222, 789 34,475
19, 749
12,219
130,255
16,667
15,923
102,431
9.097 11,321
55,913
53,385
86,950
216,889

8,728
8,118
41,420
1, 522
66
40, 710
90,535
82,292

643,678 6, 597,158 1,995,131 177, 578 1,962,395

775,381

1,442
8,885
34,831
40,246
7,761
2,730
67,243
9,155
70,962

96
2,475
1.443
16,669
3,471
795
49,543
520
66,445

2,139
827
10,795
7,358
1,156
1,370
17,966
5,273
7,752

8,053
11, 928
62,327
104, 656
5,712
1,044
6,300
3,849
43,844

23, 559 243,255

141,457

54,636

13^940
34,112
5,512
6,600
8.306
4,396
27,299

66,934
63,968
45, 744
100,257
83,620
37,192
119, 903
34. 830
77,508

18,171
92,259
29,626
67,298

127,246

629,956

325,313

19, 745

13,741
19,729
29,260
36, 481
18, 748

61
2,128
3,675
7,064
9,201
1,430

4,812
138,128
3
78.824
981,130 236,985
17,620
200
52,229
646
52,315
4,401
23,427
17,285
63,270

96,287
62,312
724.838
6,060
32,352
7,755
29,924
208

198,494 5,683,489 1,424,228 247,047

968,372

169.488

162,884
32,684
259,404
97, 795
85,612
44,536
26,081
57, 667

6, 098,316 117,088
41,653
2,315,174
8,876,896 243,787
4,643, 631 79,374
55,169
2,359,178
2,469, 510 32,121
1, 712,886 25, 794
3,113, 072 40, 799

5,981,228
2,273, 521
8,633,109
4, 564,257
2,304, 009
2,437,389
1, 687,092
3,072,273

7, 048, 588 766, 663 31, 588,663 635, 785 30,952,878

609, 506 273,391 1,840,231

769

3,940
307,318
4,113
375,821
916,885
15,627
6,483 1,161,675
392,267
3,959
203,955
543
21,453 1,198,680
4,336
39, 472 1,344,092

8,794
11,208
16,315
12,800
8,927
3,034
19,738
9,681
17,400

298, 524
364,613
900,570
1,148,875
383,340
200,921
1,178,942
338,527
1,326,692

247,713 1,341,995 1,674,885 1,338,960

99, 926 6,248,901

107,897

6,141,004

554,900
341,866
18, 565 88,405
391,235
216,213
933
63,064
85,096 506,696 5,121,802 2,769,256
82,279
1,720
65, 920
71,430
125,405
14 36,507
154,317
65,261
68,800
10,658
234,172
246,382
7,063 103,643
29,008
32,284
712
75,313
6,454 104,225

13,859
19,644
111,884
1,500
9,091
3,000
9,741

21,270
527,291
17,099
243,613
138,604 4,238, 422
102,190
3,137
157,882
7,960
1,802
52, 479
197,844
4,138
24, 598
201
139,170
4,283

118, 730 1,516,853 1, 587, 510
140,51:
524,676
366,099 3,491, 584 1, 617,842
110, 777 1,057,171 1,258,898
482,020
133,135
549,981
469,316
262,464
628,078
515,145
289, 099 287, 541
193,369
841, 521 737,062

30,596 1,841, 515
11, 519 1,109,589
154,250 15,154,244
354,828
2,390
12,930
597, 111
1,901
264,644
7,863
869,313
346
104, 738
8,452
432,487

127, 506 113,391

83,468
137,477
339,505
316,022
80,204
44, 560
160,187
36, 509
144,063

49,695
59,933
204, 529
271,331
81,635
52,890
336,426
123,362
495.084

58,004
59,150
156,756
224,385
100,489
38,060
312,030
87,151
302,935

W
O

882,059 6, 745,375 3,938, 773 230,247 20, 728,469 341,973 20,386, 496

Total
United
States (exclusive
1,789,103 47,470,386 .0,197,777 1,039,753 7,314,475 4,072,159 , 140,416 934,280 5,315,852 45,285,993 28,161,504 3,428,601 157,150,299 ,842,051 154,308,248
of possessions)
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the
United States
Total possessions

9,491

1,890
81,554

72

11,624

24,696

14,158

514

5,751

14,158

514

13,195

Total United States.
and possessions 1,798,666 47,565,454 10,222,473 1,045,504 7,328,633 4,072,159 ,140,930




309
5,678
107,837
191

234
290
7,225
2

360
3,665
244,327
3,338

5,751

8
13,186

3,656

95,068

39
20,972
29

fel

1,921

67

251,690

115,936

7,818

3,752
30

903
11, 570
501,263
192

20,679

45

20,634

538,389

3,827

903
11, 570
505,015
222

934,280 5,329,047 45, 537,683 28,277,440 3,436,419 157,688,688 , 845,878 154,

O

a
w
pa

TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec, SO, 1961 {including national, State
commercial, savings, and private banks)—-Continued

j

Capital
Location

Common
stock

24,611
9,064
13,094
167,827
24, 755
71,285

Maine
New Hampshire
Vermont
I^t assuchusetts
Rhode Island
Connecticut

-

Marvland
District of Columbia

-

Total Eastern States
Virginia
West Virginia
North Carolina _
South Carolina
Georgia
Florida
Alabama

__ _
- -

Louisiana
Texas
Ken tucky
Tennessee

Foreign
Individgovernuals, partments,
nerships,
and corcentral
porations banks, etc.

100
75
978
200

319,527
213,429
127,796
3,788,517
422,276
1,629,131

U.S.
Government

States and
political
subdivisions

Banks in U.S.
Commercial

Mutual
savings

o
Certified
Banks in and ofi cers'
foreign
checks,
etc. i
countries

O

S

5 811

14,745
11,487
5,329
185 856
20,925
85,011

33,184
35,929
19,748
370,187
44,960
121,687

6,332
4,555
1,494
331 511
3,314
18,296

8,253
8,603
980
133 217
9,149
39,846

27 344
1,822
88

5,394
3,392
3 024
65 987
9.293
37,961

18

- - _

Total Southern States




150

1,353

6, 500,676

5,811

323,353

625,695

365,502

200,048

29,272

125,051

1,415,886
179,832
411,827
19,819
58,684
32, 582

44,676
5,465

130
' 2,698
60

25,321, 720
3, 582,153
7,543,592
492,897
1,469, 517
1,057,267

559,936
18
4,263
29
26,831

1, 532,919
158,412
383.590
32,055
76,634
33,351

1,144,456
436,504
491,047
35,867
154, 738
194

4,087,913
79,606
763,025
6,880
107,611
67,349

493,428
23, 774
38,011
3,276
10,253

1,038,047
544
34,608
17
1,580
4,688

2, 755,270
79,963
122,363
3,834
19.185
19, 569

2,118,630

—
-

150

Preferred
stock

Demand deposits

310,636

Total New England States
New York
New Jersey
Pennsylvania

* Capital
notes and
debentures

3
to

[In thousands of dollars]

50,141

2,913

39,467,146

591,077

2,216,961

2,262,806

5,112,384

568, 742

1,079,484

3,000,184

1,060

1,610,969
670,262
1, 701,803
694,848
1,607,968
2,662,844
1,138,979
731,358
1,556,797
7,397,715
816,024
1,543,938
1,620,859

70,310
26,550
81,193
32,831
80, 293
85,076
43, 533
20,071
58,191
200,298
19,626
51, 717
64,234

185,678
105,300
176,310
116,845
219, 540
436,980
226,287
206,241
362,001
706,028
113,597
165,498
252,223

215,834
60,464
357.014
37. 524
309,185
434,232
98,308
102, 946
331.044
1,689,477
106,773
270,887
488, 205

308
781
4,181
329
49
3,509
17,072
46
2,315

36,617
9,040
24,151
7,724
22,529
47, 731
10,295
7,823
25,967
201, 993
8.173
20.266
19,239

833,923

3,272, 528

4, 501,893

28, 768

441, 548

H

91,928
37,466
76,101
34,037
89,001
173,184
63, 412
31,537
76,728
417,486
37,638
62, 583
90,048
1,281,149

25

177

22
50
650
110
17
50

177

1,959

23, 754,364

632
1,892
4,110
6

6,640

178

o

M

I

Ohio
_ , .
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
_
_
Missouri
Total Middle Western StatesNorth 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
American Samoa
Virgin Islands of the United States. _
Total possessions
Total United States and possessions
1

12,964
47
16

250

5,646,903
2, 545,407
9, 537,694
3, 715,838
2,249, 739
2,036,220
1,796,256
3,412, 964

314,165
108,067
526, 667
262,419
99,826
98,065
58,442
133,220

583,265
460, 995
723,146
416,835
202,022
296, 789
219,640
385,418

424,675
181,323
1,739, 520
260, 701
224, 787
406,027
202,331
862,887

1,259
1,370
1,853

363
832

650
3,890
2,000
255
425
150

1, 724,067

1,789

7, 545

30,941,021

13,312

1,600,871

3,288,110

4,302, 251

11,677

20,235
19,651
52,362
67 300
23,458
6,373
64,561
21 460
78,995

100

354,395

----

78,576
59, 747
599 441
19 103
26,942
13 816
36,393
6.650
26,745
867,413
6,656,290

100

52,257

370,992
429,104
1,115,978
1,333,853
435,129
' 214,703
1,255,506
408,549
1,713,863

10,790
11,350
46,947
46,574
11,840
6,339
50,056
25,114
61,032

67,627
67,532
121,637
421,891
73,240
49,084
84,985
89,507
233,196

14, 901
17.230
179.691
131,516
39,071
16,847
154,947
17.921
247,151

7.277,677

270,042

1,208,699

819,275

219,726
128,840
807,598
87,141
104,010
37,939
125.805
15,293
58,986

63,743
29,753
498,963
4,452
50,081
2,857
15,220
1,226
11,582

11, 712
1,304
1,163

135,632

11,076
2,881
92,911
15
100
3,946
73
3,422

25, 982
41.491
577,500
8,382
12,518
7,055
28, 753
2,323
13,477

45
5
256

20

16,263,870

45,971

706, 778

1,585,338

. 677,877

14.267

114.424

14,745 124,204, 754

662,811

5,951,928

12,243,176

15,779,182

794, 734

1,340,274

51
150
15,715
8
256

O

o
K

5,062,647

19

O

717,481

875

1,751

2, 720
62, 712
3,227
3,596

302,564

70

18,047

72,255

13,431

14,745 124,507,318

662,881

5,969,975

12,315,431

15,792,613

88

13,229

14
50

7,774
2,663
6,413
133
1,064

43,685

Includes dividend checks, letters of credit, and travelers' checks sold for cash.




5,292
5,152
17,415
18,411
8,617
4,677
33,133
9,007
33,928

69,100
32,132
506,098
10,340
16,570
14, 724
22,876
4,927
30,011

43,250
100
335

52,257

642, 751

460
2
43,738

7>295
7,470
276,308
316
11,175

6,699,975

607
6,588

1,509,926
928,604
11,704,255
324,618
444,408
212 156
746,802
94,001
299,100

875

_

285

87, 549

777

175

113.075
51,126
219.199
89,362
39,910
45, 939
38, 785
45,355

450

100
244

9,974
900
45,669
17,475
4,204
4,078
58
5,191

21

316,446
113,041
559,979
235 635
106,109
120,330
80,601
191,926

6

139
101

202
259
794,734

16,180

1,340,533

a

5,078,827

to

00

CO

TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions} Dec. 30, 1961 (including national, State
commercial, savings, and private banks)—Continued
[In thousands of dollars]
Time and savings deposits

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

Savings

-

---

T

,
-

,--,-

,--

Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georeia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

-

- --

- -.

-- --

Total Southern States




247
42
555
3,393
26

16,272
5,602
4,301
125,150
40 489
19,617

42,953

U.S.
Government

Postal
savings

780
103
126
6,356
815
2,067

7
10
3
598
146
25

States and
political
subdivisions
3,868
3,839
4,134
29 446
15,974
7,272

Banks in U.S.
Commercial
98
90
236
2,010

Mutual
savings

145

Banks in
foreign
countries

4,082

85

13,094,801

Total New England States
New York
Pennsylvania.
Delaware
M! ary land
District of Columbia

729,397
753,600
384,733
6,954, 563
944 568
3,327,940

AccumuOther deForeign
lated for
posits of
governpayment of individuals,
ments,
personal partnerships,
central
loans
and corpora- banks, etc.
tions

- -

-

4,263

211,431

42,953

10,247

789

64,533

2,519

145

4,082

29, 730, 460
4, 580,108
7,171, 784
298, 295
1,325 030
315,862

14,137
1,948
8,936
35
8 113
18,036

2,422,789
150,557
484,541
21,372
36 073
73,688

1,653,516
1,000
46,019

183

149,880
10
30

87,655
25
1,950

17
479

696,548
81,100
219,289
12,938
43,218

118,162
297
3,029

12,030

43,476
2,856
5,354
365
6 498
16,548

43,421, 539

51,205

3,189,020

1,712,565

75,097

1,643

1,053,093

122,201

149,920

89,630

1,229,237
446,180
630,110
173, 538
669 615
1,307,103
611,314
260, 875
672,040
1,828 046
306, 441
418,338
969, 943

2 388
1,740
19,283
3
359
2,884
2,765
1,303
4,523
199 897
1,648
17,082
3,102

83 127
17,392
71, 933
10,909
113 156
90,462
43,459
102,343
77,866
672 682
47,055
98, 705
131,617

2 000

939
286

3,645
2,565
2,965
1,387
3,219
1,210
6,175
4,119
10 035
360
123
1,502

9, 522, 780

256,977

1, 560,706

37, 483

15
949

2,220
5
1,114
975
44

2,000

8,277
6,339
5 012
4,773
1,413
1,447
1,888
14 123
138
2,039
1,581

224

100,230
2,096
136,162
26,147
89,661
183,021
13,688
1,851
45, 546
516,468
3,392
37, 772
68,196

13, 775

58,498

7,742

1, 224, 230

11 032
436

4 270
2,500
3 005

372
1 092
445
26

713

178

300
100
400

to
00

3, 898, 473
1 468 098
5,189, 596
3,941,304
1, 761,816
1 340 543
730,958
1, 230,052

Ohio
Indiana
Illinois
Wisconsin
]Vf in neso t a
Iowa
Missouri-

-

-

.

19, 560,840

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

- ..

» _

-

Total Western States...
- -

_ ~
„

Total Pacific States
Total United States (exclusive of possessions)
_-_
Canal Zone (Panama)
Guam
_>
«
__»»»__
Puerto Rico
American Samoa _ _
_.._...._
Virgin Islands of the United States. _
_

Total United States and possessions




220, 477
45 263
200,088
275,943
54, 661
44 005
4,124
88, 532

421
2 108
5,851
1,256
2,657
21
15
195

9,350
50
150

12, 524

10,050

2, 030
106,929

25, 616

4,797

933,093

500
656
264
2,102
441
979
533
2,652
3,548

6
7
34
61
2
23
10
284
99

54,066
25 572
6,974
70,760
14 980
23,326
67 327
35,581
31, 712

125
460
840

2 000

500

126,045
116,421
72,034
83,799
49 102
9,877
99 140
18,779
76,576

21,065

651,773

673

11,675

526

330,298

1,533

1,384,764
863,310
10,143,902
240,999
369,397
176,638
437,281
53,825
198,386

17
9
108
6
8

46,682
51,412
804,662
7,300
20,869
11,324
34,819
1,321
63,195

7,500

4,958
324
55,568
1,163
1,517
1,010
1,775
11,787
7,358

9
14
203
11
499

130
286
21,447
100
750

27
27
447

5,030
139,761
1,490,693
31
42,122
28, 707
41,652
28,443
93,514

13,868,502

- _ -

- > _ .. _ . ,
» -

Total possessions

3, 211, 662

795
1 059
949
46
1,010
232
187
519

1,857
3 343
8,251
2,931
1,938
1 564
1,560
4,172

3, 500
99, 399

2,572,274

__

Washington _ _ _ »
Oregon
California
» _
Idaho
Utah
Nevada
» .
_ _
Arizona
Alaska
Hawaii

434,578

340,027
253 109
717,184
358, 978
331,417
563 520
283,041
364, 386

1,899
12
156
4,937
3 145
12
108
40
10,756

252

1,041,584

323,631

85,460

1,237

1,869,953

23,221

765

102,040,736

2,200,526

266,593

16,734

5,475,200

199,481

150,830

131,234

7

3 135
2,748
11,094

50

5,485
35,299
1,515
9,988

_-_

150,830

3

27,072

131,234

118,804
134,121
222,699
487,984
228 688
129,454
576 859
161,868
511,797

- - _

366,622
713
54,847
1,944
655
293
4,850
4,654

104

673

314,131

2,000

30
5
73

O

o
340
50
375

o

21
487

768,340

9,866,176

1,082
9,483
202,097
455
14,146

4,187
1

350
2,530
107,926
58
173

227,263

4,188

111,037

7

17,006

50

52,287

772,528

9,977,213

2,200,533

283,599

16, 784

5,527,487

200,191

1,610

710

102,267,999

5,550
100
19,812

29

682
28

to
CO

TABLE N O . 43.—Assets and liabilities of active national banks, Dec. SO, 1961
fcO
00

ASSETS
[Dollarfiguresin thousands]
Balances
Obligawith other
U.S.
CorpoLoans and Govern- tions of
Other
banks,
rate
Num- discounts, ment ob- States
including
bonds,
stocks,
ber of including ligations, and po- notes, and including Currency reserve
direct and litical
banks
overdeben- stocks of and coin balances
subguaranFederal
drafts
and cash
tures
divisions
teed
Reserve
items in
banks
process of
collection

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

B
Other
assets

Total

O

S
M

1,325
941
437
17,103
2,568
3, 843

376,103
360,334
235,857
4, 565,324
607, 873
1, 357,069

s

65,581

26,217

7, 502,560

§

7,086
1,417
5,197

156,301
539
11,253

174,713
19,195
36,865

947
233

353

1,228

5,345
2,399

15,074,933
5,006, 718
10,244,677
9,667
1, 48ft, 200
993.140

169,321

238,517

19,443
16,239
12,012
208,440
75, 487
126,038

4,344
2,417
2,927
14,151
4,727
5,756

786
748
456
13, 528
1,180
3,766

8,385
9,012
3,861
60,094
10, 519
33,544

52,541
64,443
29,003
964,041
59, 595
234, 577

6,846
5,255
3,118
43,342
7,879
25, 804

248
230
199
963
133
607

330

228 3, 666,333 1, 605,977

457,659

34,322

20, 464

125,415

1, 404,200

92, 244

2,380

1,768

6,927,786 3,205,969 1,284,681
2,225, 665 1.215. 821 618, 611
4,647,416 2, 572,345 961,867
4,578
2,910
513
624, 928
411,054
87,128
440,917
281,909
32, 653

102,980
77,960
142,191
216
22,308
5,011

42,039
9,378
30,631
24
2,854
1,770

138,495
92,852
169,481
220

187,649
60,165
128, 307
148
19,039
lb, 462

4,090
1,310
3,797

16,222

2, 843,144
683,805
1, 535,327
1,058
284,130
195, 564

14, 871,290 7,690,008 2,985,453

350, 666

444,156

127
51
856
404

65,467
106

H

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

233
156
460
3
52
4

Total Eastern States

Total Southern
States

Investments
and other Customassets in- ers' liadirectly bility on
represent- accepting bank ances outpremises standing
or other
real estate

199,298
82.760
175,880
85,118
124, 618
58,370
2,101.020 1,016,771
327,208
118, 471
678,309
244, 487

Total New England
States

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

Real
estate
Bank
premises owned
other
owned,
than
furniture
bank
and
fixtures premises

128
76
31
25
53
121
69
27
42
473
56
86
74

_._

1,261 13,192,321




5, 543,028

411,770

10,377

14,053

151, 477
47,130
67. 646
48,488
91,940
222,139
154, 919
48,222
138, 844
678, 853
79,080
69, 576
149,688

47,987
7,864
23,674
9,761
12,892
40, 788
16, 404
2,061
8,898
113,999
10,867
13,734
22, 828

4,698
1,714
2,412
1,442
4,087
7,190
3,207
983
4,275
22,241
1,448
2,499
5,130

392,237
44,544
131,493
19,142
271,014
27,135
150,990
17, 997
423, 795
23,651
912.389
70, 780
338. 312
34,396
97, 611
10,904
513,747
29,995
117, 894 2,941,141
179, 896
13,153
270, 469
22,625
636, 772
48, 564

31, 562
9,332
15, 738
13,187
32,909
59,652
20, 232
7,299
25,074
199,288
10,154
11,796
26, 742

921
632
209
224
577
2,284
980
84
418
9,353
498
621
2,422

1,881
542
3,9S1
245
2,700
22,966
3,144
500
2,248
5,577
154
1,198

7,326,402 1,948,002

331,757

61,326

480, 780 7,259, 866

462, 965

19, 223

45,136

1,051,099
538, 805
295,324
283, 228
556,806
217, 218
321, 241
209,187
908,811
362, 813
1,319, 888 1,028,940
762, 740
384, 539
185, 411
97, 685
900. 593
589, 643
4, 823, 888 2,475, 599
317,974
176,315
478,115
357, 609
1, 270, 431 604, 821

6
4
40
148
415
22
1,783
39,040
2
146
5,365
47,280

32, 815,335

5,877 2, 271,397
798,600
2,199
4,518
1,190,357
2,514
775.280
5,286 1, 869, 501
17,154 3, 704,318
6, 432 1, 725, 720
1,613
452.395
10,075 2, 225.593
39,894 11, 466,767
2,515
792,056
3.264 1,231, 652
7,396 2, 780,159
108, 737 31,283,795

P

Ohio

a
j£
o
£J
i
to

Indiana..
Illinois .
Michigan
Wisconsin
__
Minnesota
Iowa _
Missouri
Total Middle Western States

JL North Dakota

oa South Dakota __ .
Nebraska
Kansas .
M ontana
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




222
126
400
79
101
180
97
77
1,282

298

23,004
13,937
60,859
27,067
8,341
11,973
3,694
11,877

7,011,393
3, 493. 641
14.552,030
5,421,950
2, 449, 646
3, 341, 219
1,199,938
2, 693,358

80,839

160,752

40,163.175
405,613
460.188
1, 358.204
1,533,459
479,011
351, 720
1,829, 283
578, 770
2,641, 606

1,968,425
504,953
1,020,373
195,813
3, 736, 540 1,153, 559
1,448,006
573,403
660, 774
136,530
729, 295
192,602
312,676
88,264
657,013
145,368

70,279
40, 658
237,267
16,125
31, 823
66,116
13,138
21,363

14,914
6,242
33, 699
9,774
3,838
6,173
1,918
4, 975

112, 555
62,041
124.097
80,288
29, 501
28,258
15,917
24,908

1,152,950
683, 389
2.983, 8 U
838,381
556, 708
764,491
268,071
683.411

80,939
41, 363
68,032
53,982
23.095
34,733
9,094
19,068

1,857
1,418
5,065
3,241
1,385
1,217
618
1, 720

3,721
213
4,777
8,058
1,055
16. 719
1,137
2,668

329
170
77, 756
1,134
311
841

16,998,696 10, 533,102 2,990,492

496, 769

81, 533

477, 565

7,958,202

330,306

16, 571

38, 348

3,077,467
1,431,024
6,066, 578
2,332.491
99b, 285
1, 488,801
485,361
1,120, 689

38
33
121
167
43
26
80
29
200

167,316
206, 874
617,358
588,905
197,163
143,006
818,274
235,553
1,082.126

122,407
135,650
313,472
404,371
137,629
105,052
508. 434
178, 735
612,445

33,862
23.620
87,626
149,307
33,421
18,384
66.008
21,731
180,218

11,918
10,403
15,199
26,187
11,281
3,157
3,630
2,229
27,256

655
888
2,480
2,847
701
521
2,998
903
4,655

4,500
5,163
14,342
18, 626
6,158
5,010
18,054
10,884
29, 871

55, 531
67,050
288, 371
323, 733
81,595
68,693
379, 826
119, 790
661.021

6,783
6,984
11,150
14,948
8,750
6.187
14.964
7,151
31,653

176
226
1,029
476
270
749
1,111
388
1,355

531
854
2,480
707
16

13

4,991
275
5,342

230

1,934
2,476
4,697
3,352
2,014
961
10,993
1,131
5,434

737

4,056,575

2,518,195

614,177

111, 260

16,648

112,608

2,045.610

108,570

5,780

15,196

243

32, 992

9,637,854

24 1,348,381
10
927. 597
40 10,628, 794
10
249,756
7
289,208
3
174,827
3
645,611
7
84.117
2
165,276

196.637
687,597
197,043
486,356
4,549.546 1,483.079
39,232
165,537
41,150
92,840
41,348
84,956
51,494
193.011
9,424
59,012
89.633
19,559

12,355
37, 975
163, 225
470
4,198
11,631
5,578
6,664
2,360

4,831
3,242
78,580
894
1,053
645
2,436
291
612

35, 999
17,516
178, 928
7,127
5,785
6.254
17,653
6,767
6,468

517, 840
349, 899
3,575, 562
73, 948
98,955
36,025
219,879
18.510
50,284

45,866
36,289
310, 780
8.836
1,470
7,586
23,637
3,483
5,952

1,380
1,336
3,391
20
60
45
479
323

621
3
62,053

3,633
3,013
107, 337

64

13,405
12. 996
126, 692
2,262
896
2,304
10,852
312
8,597

2, 868, 545
2,073, 265
21, 267, 967
548,082
541,815
365, 957
1,179. 036
190, 476
348,805

106 14,513,567

6,408,488 2,078,966

244,456

92, 584

282, 497

4, 940,902

443, 899

7,034

76,695

116, 544

178,316

29,383, 948

359,251 1,923,021 29,151,808 1, 849, 754

61,365

191,196

479,808

745, 531 150, 786,667

4,512 67,298, 782 36,082,172 11,074,749 1,569,230
1

9,952

5,506

2.601

4,513 67,308, 734 36,087, 678 11,077,350 1,569,230

30

634

2,982

6,200
336
5,903
1,573

2,497

94

359,281 1,923,655 29,154, 790 1,849,848

586
61,365

191,196

479,808

22,385

746,117 150, 809,052

to
00

TABLE N O . 43—Assets and liabilities of active national banks, Dec. 80,

1961—Continued

to
CO

LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
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
lessee
Total Southern States




200,126
242,153
83,617
3,306,698
256,220
910,960

Time and
savings
deposits

128,600
68,945
126,931
641,634
287,046
289,548

Total
deposits

328,726
311,098
210,548
3,948,332
543,266
1,200,508

AcceptRedisances
counts and executed
by or for
other liabilities for account of
borrowed reporting
banks and
money
outstanding
8
200
1,241

Other
liabilities

65,959
118
8

11,722
14,134
4,166
126,354
16,857
52, 592

Capital
stock i

Surplus

12,786
6,559
7,283
106,568
13,605
33,588

13,414
18,817
8,057
234,472
25.753
55,056

Reserves
and reUndivided tirement
account for
profits
preferred
stock

8,311
8,051
4,472
63,284
8,259
14,486

19,114
15
831

1,136
1,475
1,331

8

o

4,999,774

1, 542,704

6,542,478

1,449

66,085

225,825

180,389

355,569

106,863

23,902

8,884,372
2, 551,578
5,331,548
3,874
941,958
688,010

4,148,940
1,980,289

13,033.312
4,531,867
9,030. 410
8,742
1,348,880
909,153

83,968
10,225
2,675

160,978
539
11,529

541,176
108,641
168,902
27
22,677
11,339

397,606
109,828
259,734
175
29,361
19,597

618, 772
177,153
617,796
625
63,399
38,833

229,748
58, 588
143,018
94
14,491
10,488

9,373
9,877
10,613
4
6,164
3,730

852, 762

816,301

1, 516, 578

456,427

39,761

3

37,894
14,707
11, 799
10,081
19, 957
37,164
28,611
495
34,131
139,389
15,083
20,104
35,783

3,260
3,413
1,558
1,427
17,479
10,070
10,066
268
380
30,847
1,665
2,123
4,361

M

405,198

86,917

18,401,340

1,253,491
461, 529
825,859
574, 520
1,299,055
2,454,034
1,107,369
308, 935
1,529,294
8,003,278
549,384
872,629
1,803,047
21,042,424

4,868
406,922
221,143
10,461,024

28, 862,364

782,382 2,035,873
245,372
706,901
237,049 1, 062,908
112,175
373,853 1,672,908
909,665 3,363,699
441,443 1,548,812
104, 792
413,727
491,918 2,021,212
2,423, 534 10,426,812
173,939
723,323
243,952 1,116,581
732,379 2,535,426
7,272,453

1,228

28,314,877

174,274

425
300

1,400

6
4
40
171
415
22
1,926
40,017
2
146
5,365

53,592

48,423

275
6,650
2,000
2,400
40,142

43,215
15, 723
34,001
30, 566
36,467
48,437
29,646
3,782
25,335
74,855
5,552
11,025
36,053
394,657

52,063
19,001
26,254
14, 519
42, 568
104,381
43,898
9,239
43,290
321,665
20, 545
27, 804
60,230
785,457

98,358
38,555
53,831
31,988
79,807
133, 746
62,272
24,862
96,919
393,040
25,886
53,869
101,541
1,194,674

a

3,947,283
2.175,420
9,155,024
2,827,401
1,427,175
2,135,039
835,056
1,947,248

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
3

See classification on pp. 242 and 243.




2,352,355
973,635
3,950,477
2,119,498
795,448
886,432
265,906
515,760

6,299,638
3,149,055
13,105, 501
4,946,899
2,222,623
3,021, 471
1,100,962
2,463,008

24,449,646

Ohio
Indiana
Illinois
Michigan

11,859,511

36,309,157

233,609
275,415
1,022,255
1,097,843
286,631
206,257
1,168,825
386, 524
1,912,137

136,655
147,354
202,848
294,239
150,209
114,890
514,060
145,688
481,877

370,264
422,769
1,225,103
1,392,082
436,840
321,147
1,682,885
532,212
2,394,014

6,589,496

2,187,820

8,777,316

1,702, 566
1,008.932
10,009,081
317,629
286,252
192,575
690, 585
95,569
173,410

897,564
872,495
9,303,164
186,746
204,901
138,769
383,368
80,566
139,897

2,600, J30
1,881,427
19,312,245
504,375
491,153
331,344
1,073,953
176,135
313,307

14,476,599

12,207,470

172,298
70,474
411,326
112, 561
43,934
81,157
24,410
65,423

302,467
136,620
556,833
197, 589
84,460
123,220
39,803
92,683

90,352
58,810
152,831
66,181
35,837
58,812
26, 735
42,374

9,123
53,721
7,921
7,147
5,075
1,876
5,734

114
550

329
374
78,125
1,134
311
841
298

132,175
69,185
157,393
89,665
55,220
50,093
6,152
23,838

47,008

81,412

583, 721

981,583

1, 533,675

531,932

94,687

13

9,065
10, 560
33, 598
34,391
11,193
4, 528
42,276
14,395
62,940

12,766
13,190
48,391
61,084
12,197
13,106
57,420
15,265
91, 762

7,229
6,773
28,803
30,411
9, 549
7,742
27,465
5,856
70,112

724
413
3 862
2,388
317
998
1,575
4,790
4,247

10,044
36,300

4,09C

230

5,565
6,483
9,883
10, 564
8,002
4,199
17,662
6,252
18,301

12,003

243

86,911

222,946

325,181

193,940

19,314

o

13,100

3,691
3,043
109,908

67,807
48, 528
401,338
13,525
13,075
9,775
22,435
5,150
8,600

93,039
59,682
753,511
15,295
18,935
11,725
41,365
4,075
11,800

52,806
51,166
242,100
6,192
7,768
5,005
12,021
2,890
5,241

1,313
26
7,520
2,138
2,193
66
1,757
410
2,176

3
!

8,564
2, 539
900

400
195

2,497
64

49,759
29,393
428,245
6,557
8,691
8,042
24,608
1,621
7,617

26,684,069

13,695

119,203

564,533

590,233

1,009,427

385,189

17,599

89,959,279
6,180

45,530,982 135,490,261
14,176
20,356

224,615

489,640

2, 708,409
465

3,576,909
335

5,935,104
675

2,079,549
554

282,180

89,965,459

45,545,158 135,510,617

224,615

489,640

2,708,874

3,577,244

5,935,779

2,080,103

282,180

TABLE N O . 43.—Assets and liabilities of active national banks, Dec. 80,

1961—Continued

[In thousands of dollars]
Loans and discounts
Real estate loans
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
_.

Loans to finan- Loans for purcial institutions chasing or carrying securities

Secured Secured
To doby
by resimestic
farm
dential Secured comland
by
propermer(inother
ties
cial
cluding (other proper- and
imties
than
foreign
provefarm)
banks
ments)
2.776
1,133
7,977
2,804
1,092
99
16, 741

37, 798 17,891
29.865
8,700
1,230
40,153
10,038
156,826 124.696 15,305
116,886 30.301
135, 725 37. 519

1,175
1,810

Directly
guaranteed by
the
Commodity
Credit
Corporation

34,843
120
15,889

1,76:
978
1,414
11,974
289
3,841

19

19
127
64
120

205, 503

53,837
390.095
69,845
29, 747

20,263
74,254
18,314
37,872

700
57

43,495
65,385

5,331
6,759

19,369
2,773

127,633 2,847,146 965,432 85,295
74,062
24.895 212,983
851
79,836 26,332
4,971
150
24,186 26,503 2,214
6,971
r
18, 569 21.05,
2.807
1,
59, 038 47,02
1,618
8,220
7,710 144,325 106.978 3,111
62,001
40,065 6,006
10,766
12,655
17.804 3.000
4,1
66,320 64,256 7,631
4.283
32,880 161.340 202,512 48,534
24.003 22,611
11,516
50.908 36.619
19, 055
58,785
73,879
992
13,408

845,122

152,181

854,099

990,043

229,144
2.3,
206,254
378,343
302
61.900
44,939

4,314
6,962
133
157,805
18,858
17.431

Other

16,535




517.253
860, bo.1
717,241
1,076,004
2,052
105,171
85.995

Other

To
brokers
and
dealers
in securities

Loans to farmers

744.609

75,805

501,777 152,582
19,199
2,074
15,822
3,929
12.073
21,139
9,115
485
20,644
51,467
5, 505
10,100
30,053
201,605 374,676

Other
loans to
farmers
(excluding
loans on
real

jommercial and
industrial
loans
(including open
market
paper)

72,064
7,291
58,92C
3,39
20,943
8,351
7,918 1,092, 486
100,404
747
211,982
3,073
30, 777 1, 556. 799
67,412 3,2u6,912
15,168 508,340
84,166 1, 738,881
389
454
13,019 187,324
57
127,219

Other
All
loans to other
individ- loans
uals for
(inpersonal cluding
expendi- overtures
drafts)

53.887
63,017
35, 574
542,480
50,28C
236,319

3,745
202,707
2,724
178, 736
1,
126,152
72,896 2,220.053
11, 569
330, 545
31,05C
693. 788

Less
valuaNet loans
tion
reserves

3,409
109,298
2,856
175,880
I, 534
124,618
59.033 2,161, 020
3,337
327,208
15,479 - 678.309

981, 55' 123,553 3, 751, 981 85,648
332.956 7,169, 2*3 241. 467
45.959 2,277,975 52.3T0
107,609 4, 740,200 92,784
144
4,578
11,832
632,618
17,526
449,274
8,357

2,195 180,211 5,769,130 3,281.349 516.026
345,45f
35 31,432
108, 745
13
3,586
162.273
10,024
12,285
103.506
4,765
888
300. 485
15,853 11, 728
428,239
400 23,395
241, 716
24,205
7.
6.165
59.605
1.873
185,266
3.026 13.015
1,017, 402
99, 570 234.334
88,752
15,166 23,941
151,234
576 31,463
387.964
9,522 29,066
164,641

Total
gross
loans

449,381 5,488,150 3,580,642

3,927,786
6,927, 786
2,225.665
4,647,416
4,578
624.928
440,917

402,608 14,871,290
!O24
fi.588
10.029
5.913
11.657
25.068
22.081
4.677
9,841
93.488
4,384
8.072
26.262

358,373 13,434,205 241,884 13,192,32H

B
S
S

O

o
H

o
1
t

a

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

51,314
24,623
38, 714
13,433
14,035
12.130

_

10,115
8,602

Total
Middle
Western StatesNorth Dakota...
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

172.966 3,159,855

—

Total Pacific StatesTotal United
States (exclusive
of possessions)
Virgin Islands of the
United States
Total United
States and possessions
_-.

37,396
184, 580 80,819
44.026
12, 558
93,617
638,154 263, 957 148,149
17, 626 16. 647
110,136
7,579
7,328
90,192
11,874
95, 790 15,512
4,167
2,792
21,638
19, 471
26,631
99,063

42, 668
43,491
29, 319
39, 810
43,462
26,199
83.436
23,988
59,809

9,371
12,840
22,198
17, 648
10,082
13,001
67, 785
18, 855
55,455

257,841

84,305

570, 507 5,826.047 3,919,810

81
2,465
1,421
16, 323
1,511
45

2,1
3.530
29, 892

500
66,445

1,561
526
10,53
2,944
127
1,037
8,84
4,415
6, 462

30,052
54,442
195,914
135,812
32,444
27,19i>
114, 840
21, 8K
88,856

392,182

16,124
233,151
12,975
182, 755
100,105 3,147.920
1,621
89, 771
2,717
83,042
787
38. 593
3, 724
162,672
41
21,368
1,711
54, 745

215,160

137, 754

36, 45

92.
58, 758
408,024
5,083
16,984
5,915
22,242
49

13, 562
19,644
52, 25l
1,500
7,355
3,000
9,191

139,805 4,014.017

875.863 215,053

4,742
9,201
1,400

1,257
7,919
31, 519
35,10)
4,472
2,245
55,350
7,570
69,719

227.235

21,141

82,155
60.451
604,030
12,031
25. 976

4,7tX)

15.360
14,436
24,426

2,128
3,670

200
646
3,568

107, 541 701, 36'

7,040

11
73,384

> 779 11,920,496 3,948, 846
,
549,920 4,066,817 1,460,186

915,185

6,660 1,153

669,851 11,927,156 3,949,999 549,920 4,066,817 1, 460,186 915,185




1,946
552
3,52J
3,119
25. 746

15,133
484
85,087
764
11

613, 763 106, 522

72

51,265 806,746
5,301
912,141
86,054
3,039 38,164 389,023
383.910 26,456
19,294 187,148 2,711.971 1,053,019 222.839
24,438 6i8,348
25C
632,153
72. 410
22,595
262, 799
38
237, 843 63,331
540.640
13,257 85,347
321, 776 38, 506
111,556
21, 475 103,196
90,956
17,415
58,354 354,964
21,651
288,012 27,300

458,691

906,563 136.091 1.333,170

4,420
1,893
7,064
13.060
2,105
4,857
5,744
2,002
19,308
60,453

Total Western
States
WashingtonOregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

722, 724 195,943 7,779
327,597 96,231 15,827
671,137 236.909 52,117
632, 762 169.199 9,807
249,875 60,009 7,234
298,881 64,604 10,900
77.105 29,122 5,462
149, 774 54, 546 26,965

108, 51'

38,34
44,626
167,048
173,164
45. 668
41,220
245,312
90, 361
438,40£

3), 638
39,926
117, 538
119,262
58, 547
28, 797
187, 196
57,40
227,061

1.284,153

875,374

3,142,062
1,455,071
6,243,408
2,377,209
1,022,858
1,509,217
494,999
1,135.333

554.311 17,380,151
2,150
3,000
14,207
3,050
1,155
244
5,858
3,345
37, 759

172, 385
214,658
628, 787
596.240
201,519
145, 396
831,604
242, 575
1,096,425

70, 76S 4,129, 5

64,595
24,047
176,830
44, 718
26, 573
20,416
9,638
14,644

3,077,467
1.431.024
6,066, 578
2,332, 491
996, 285
1, 488,801
485.361
1,120,689

381,461
5,069
7,784
11,42SJ
7,335
4,356
2,3'X)
13. 330
7,022
14,299
73,014

o
o
4,056, 575

302,47s
75, 394
506,13
182.002
52,106
351, 79.
1,971,246
400,149 3, 705, 137
57, 5337,157
46, 37/
53,171
15, 331
70,28
4,839
47,204
37,017
94,062
150, 564
177,29
24, 733
13i
26,413
2,724
24,120
39, 779

28, 743 1,375,421
27,040 I. 348. 381
8,406
927. 597
6,763
934, 360
107,42i, 10,830,061 201,267 10,628, 794
24J, 756
1.966
4,202
253,958
28y, 208
11,15S
3,354
292, 562
174,827
833
1,015
175,842
645,611
5, 525
6. 3)3
651,914
84, 117
255
3,376
87.4U3
165,276
1,722
1,212
166,488

681,893 4,960,228 2,813,045

166,02^ 14,768,09-J

254, 532 14. 513. 567

467,220 2,614,138 24,884, 507 15,451, 7771,789,058 68, 737,929 1.439,147 67,298, 782
1,415

665

31

9,997

45

467,220 2,614,139 24,885,922 15,452,442 1,789,089 68, 747,926 1,439,192 67,308, 734

to

to
TABLE NO, 43.—Assets and liabilities of active national banks, Dec. 80, 1961—Continued
[In thousands of dollars]
Demand deposits

Capital
Location

Common
stock

IndividForeign
U.S. Govuals, partgovernnerships, ments, cen- ernment
and cor- tral banks,
etc.
porations
168,390
187,079
70,134
2,480,669

12,786
6,559

Maine
New Hampshire...
Vermont
Massachusetts
Rhode Island
Connecticut

106,568
13,605
33,588

5,811

770,800

States and
political
subdivisions

Banks in U.S.
Commercial

Mutual
savings

7,418
10,287
3,041
132,054
10,614
45, 741

12, 713
29,179
7,988
235,385
30,607
42,127

3,290
4,313
305
287,217
1,367
6,482

6,206
8,518
958
101,587
1,790
19,811

Certified
Banks in and officers'
foreign
countries
etc.i
18
25,401
985

179,589

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of ColumbiaTotal Eastern States _

_

-

Total Southern States.




3,883,434

5,811

209,155

357,999

302,974

138,870

6, 523,859

138,708

4, 229,634
3,764
716,435
582,527

3,345

347, 564
87,558
246,078
35
50,008
20,015

391,001
275,102
341,852
48
85,625
166

675,865
35,866
421, 731

63,066
18,542
13, 727

203,019
98
20,992

73,075
45,995

7,419

622
2,982

751,258

1,093,794

1,252, 532

102, 754

227,713

48,149
14, 489
34,324
22,121
49,436
59,439
33, 549
7,820
47,620
167, 787
11,814
26, 757
51,816

92,181
55,685
51,242
84,024
116,120
283,981
149, 534
58, 759
184,370
519,034
54,177
49,023
161,190

149, 637
41,412
129,139
22,560
246,835

-

-

—--

-

-

2,091
2,777
1,191
38,574
4,495
25,911

26,492

130
88
50

14,145,108

816,033
—__-_

_

-

800

397,476
109, 740
259,684
175
29,361
19, 597

Total New England States.

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida.—
Alabama-MississippiLouisiana-Texas
Arkansas
Kentucky
"Tennessee

Preferred
stock

52,063
19,001
26,254
14, 519
42, 568
104,181
43,898
9,239
43,290
321,665
20,545
27,804
60,230
785,257

200

200

941,824
345,900
601, 594
440,023
873,021
1,677,775
823,259
197,297
1,026,767
5, 562, 540
394,369
682,133
1,104,370
14,670,872

13
24, 787
166,853

584
1,892
4,110

6,586

575,121

1,859, 320

93,281
42,547
248,082
1, 578, 557
84,941
107,461
470,417
3,613, 532

541,290
45, 523
54,189
27
8,761
11,538

2,315

661,328
= = =
21,417
4,043
9,560
5,792
13,170
30,180
7,417
2,466
17,054
154,978
4,083
7,255
12,939

26,639

290,354

283

473
3,412
329
46
3,509
16,272

o
p

Ohio
Indiana
Illinois
Michigan^
"W i s c o n s i n
Minnesota
Iowa
Missouri-

-- -- -_______

-

172,298
70,474
411, 326
110, 561
43,934
81,157
24,410
65,423

- --__

- - _

Total Middle Western States
TsTortb Dakota
South Dakota
Nebraska
JCansas
IVtontana
Wyoming
Colorado
New Mexico
Oklahoma

r

_

_ _
;
;

-_
--

- Total Western States

Hawaii—-'-./, ,

- _ -•

_

-_

67 807
48, 528
401,338
13, 525
13,075
9 775
22,435
5,150
8,600

- __-

—

Total Pacific States

j;' • ; Total United States (exclusive of posses>
sions).
Virgin Islands of the United States
Total United States and possessions
1

9,065
10, 560
33, 598
34,391
11 193
4 528
42,276
14,395
62, 940

!

12,930
47
2

174,973
73, 852
392,660
197,251
59,212
78 734
22, 747
62, 392

379,329
282,108
534,303
197,160
88, 913
185,409
58,858
121,266

291,424
172, 254
1,447, 776
206,414
171, 799
.01,168
176,196
477,291

823
1,370
1,062

17, 724,667

13,014

1,061,821

1,847, 346

3, 344,322

10,306

7,557
7,342
34,626
29,720
6,627
5 295
39,422
21,154
55, 220

15,219
34,258
79, 596
221,434
34,144
34 291
45,306
59,763
183,982

11,474
14,101
174,611
115,039
19, 552
16 151
119,636
15,972
239,874

206,963

707,993

726,410

64,486
27,602
355,457
7,770
8,559
12 048
17,039
4,402
12,688

193, 580
108,946
647,722
66,483
42,935
31 848
86,557
8,995
22,042

58,763
26,603
298,970
2,734
20,044
1 512
10,277
814
9,213

11,483
1,011
1,016

4,851,094

1

1, 342, 542
i
803,010
8,143,078
234,897
208,322
143 506
548,264
79,351
122,022
__

590,233

460
2
38,280

1,751

67,646
36,207
151,074
42,212
14,844
31,171
15,236
18,118

71,662

376,508

21

463
6,588

6,512
900
37,489
15, 742
3,932
4,078
58
2,951

3,191
2,798
13,146
9,516
4,636
3 847
27,274
6,385
25,471

45

256
450
772

13
61
3,317
73
1,901

fet

96,264

9,086
2,864
54, 551

22,166
38, 894
470,007
5,745
6,379
3 600
23,380
1,934
5,544

11,624,992

40, 493

510,051

1,209,108

428,930

13, 510

71,866

577,649

3,573,641
335

3,268

66,900,167
5,143

232, 757
50

3,314,369
217

7,075,560
565

9,668,700
73

265,440

425,144

2,077,142
132

\ 3,573,976

3,268

66,905, 310

232,807

3,314, 586

7,076,125

9,668,773

265,440

425,144

2,077,274

Includes dividend checks, letters of credit, arid travelers' checks sold for cash.




35

196,147
216,916
720,231
722,134
221 672
146 673
936,931
283,250
1,407,140

222,946

Washineton
California-_j_laho _
Utah
Nevada • • > _
Arizona
--

2,000

979, 583

•-_

- --

2,000

3,026,541
1,608, 729
6, 577,730
2,168, 575
1,088,010
1,427,891
561,961
1,265,230

1
to
CO

TABLE N O . 43.—Assets and liabilities of active national banks, Dec. 30, 1961—Continued
Jin thousands of dollars;!
T i m e and savings deposits5

Location
Savings

Maine _ _
New Hampshire
Vermont
M! assachusetts
Rhode Islaid
Connecticut.-

115,367
61,425
123,354
461,895
257,638
276, 514

--____
_

-

-

_

Total Eastern StatesVirginia
West Virginia
North Carolina
South Carolina _ _ _ _ _ _ _ _
Georgia
Florida
Alabama
M! issi^sippi
Louisiana
__ _
Texas
Arkansas
_ _Kentucky
Tennessee
Total Southern States




25
103
3,378
5

Other deposits of
Foreign
individgovernuals, part- ments, cennerships, tral banks,
and coretc.
porations
11,667
4,914
1,966
103,404
18,207
8,315

42,953

Banks in U.S.
U.S. Gov •
ernment

Postal
savings

States and
political
subdivisions

Commercial

Mutual
savings

Banks in
foreign
countries

716
97
98
5,803
355
2,040

7
10
3
585
24
629

35, 919

1,790

45

4,082

11,326
24
1,081

3,535

14,425

15
597

270,886
37,451
151,151
15
18,898

30

1,550

3,565

15,975

843
2,474
1,337
17,779
10,822
2,664

70
1,710

45

4,082

10

1,296,193

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

Accumulated for
payment
of personal
loans

3,511

148,473

42,953

9,109

2, 975,465
1,853,489
3, 210, 766
4,778
361,309
162,184

14,137
1,948
5,475

356, 894
1,000
32,161

22.6^5
2,460
3,985

1,430
3,250

479.657
83,902
292,066
75
20,5^5
38, 742

7,716

4,770
8,772

479

8, 567,991

26,240

914,957

397, 771

42,602

1,091

478,401

12,431

673,419
233 506
166,221
91,027
285 079
759,264
400,133
77,062
394,236
1,272.972
148, 942
195.211
633. 624

1,418
29
2,416
1
37
19
2,548
17
2,840
124,665
1,091
896

51,873
10, 060
21, 602
5,556
46 128
60,126
27,892
24,122
52, 931
572,388
21, 573
31, 314
49, 250

2,000

13
148
2

51
1,080
24
15
166

44, 314
1,159
42,246
10.2H
37 076
83, 829
8,775
735
35.337
426,445
1.953
15.656
44,618

1,666
79
1,430
125

2.000

7,679
391
3,132
5,252
2 580
4,382
1,070
1,396
847
13,949
76
810
1,376

1,984
1,0^5
1,460
3,176
8,730
280
50
1,245

5, 330,696

135, 977

974, 815

11,775

42,940

2,253

752,357

21,240

2 270

2.500
3,005

683
61
10

300
100
400

Ohio
Indian a
Illinois
M^ichistan
"W"isconsin
Minnesota
Iowa
Missouri
Total Middle Western States...
North Dakota
South Dakota
Nebraska
Kansas
!M on tana

-

Colorado
New Mexico
Oklahoma

...

-

Total Western States
Washington
Ore a on
California
Idaho..
Utah
Nevada __
A rizona
Alaska
Hawaii

•
_

. - -

...

.
. _

. .

.. .

206,020
621
42,875
1,829
294
122
15
2,573

197,702
120,901
491,835
169,368
83,320
249,083
51,047
99,674

254,349

1,462,930

69,492
79, 541
157,249
227, 590
114,669
89,659
389,431
109, 776
385,063

1,700
10
144
1,467
2,681
5
7,254

61,316
53,559
39,929
33,862
25,980
7,095
84,564
11,166
60,671

1, 622,470

- -

1,835,417
820,394
3,187,528
1, 793 653
687,887
614,703
211,397
388,465
9,539,444

— --

13,261

378,142
41,331
46,338
568,431
3,965
16,021
6,836
25,856
975
18,508

834,863
709,999
7,299,036
181,618
173,224
124,209
328,126
46,483
77,370

20
4
74

3,500

1,077
3,145
8,149
1,629
1,866
1,523
1,532
3,071

160
916
910
30
857
68
51
28

108,228
27,143
117, 771
151,999
18,485
18,912
1,864
21,889

101
515
4,725
940
2,589
21

21,992

3,020

466,291

8,951

465
637
236
2,012
235
918
523
1,227
2,418

6

18
10
11
89

3 676
12,934
5,261
29,268
6 644
17,200
39 432
23,043
25,872

100
460
510

673

8,671

195

163,330

1,078

7,500

4,938
254
51, 556
1,140
1,455
1,000
1,750
11,677
5,393

9
14
184
11
489
27
20
10

5,008
115 740
1,066,376
12
13,658
6,724
25, 535
21,411
37,006

87,434
2,000

92,934
673

298,244

2,000

24
37

15C
9 250
50
150

60
9,600

1
o

5
3

75
14,437

290
50
75

3,550
100
4,805

50

1,610

9,774,928

98

728,261

307, 744

79,163

764

1,291,470

14, 562

415

10,065

Total United States (exclusive of possessions)
Virgin Islands of the United States

36,131,722
7,870

433,436

4,607,578
28

853,850

204,477

7,952

3,187, 768
6,250

4,025

40,122

Total United States and possessions -

36,139,592

433,436

4,607,606

853,850

204,477

7,952

3,194,018

60,052
28
60,080

4,025

w
o

40,122

Total Pacific States




I
Ox

and liabilities of all active banks other than national, Dec. 30, 1961 {includes State commercial, mutual savings, and
private banks)

TABLE N O . 44.—.

ASSETS
[Dollar figures in thousands]
Balances

Loans and
Num- discounts,
ber of including
overbanks
drafts

Location

U.S.

Obliga-

Other
Govern- tions of
ment ob- States
bonds,
ligations, and po- notes, and
direct and litical
debenguarantures
subteed
divisions

Real
with other
CorpoBank
banks,
rate
estate
including premises owned
stocks,
owned,
includi: Currency reserve
other
" "ng
than
stocks of and coin balances furniture
and cash
and
bank
Federal
items in fixtures premises
Reserve
process of
banks
collection

Investments
and other Customassets in- ers' liadirectly bility on
represent- accepting bank ances outpremises standing
or other
real estate

Other
assets

Total
assets

3

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

34,611
11, 782
21,381
209, 554
31,397
163,957

73,930
36,264
5,232
330, 927
87,187
333,826

523 10,217, 746 3,640,323

Total New England
States
._

472,682

28,061
39,190
2,977
249, 639
30,108
144,098

14,131
3,994
4,205
70,145
12,922
46,890

58,047
25, 780
24,491
461, 543
73,381
300,979

10,445
9,669
4,141
73,202
7,946
44, 544

921
1,208
183
5,442
178
1,458

837
4
893
1,937
256
12

1,053
24
47

1,677
1,211
471
33,938
2,222
8,591

3,939

1,124

912,998
827,446
379,035
9,225,918
1,088,041
4, 567, 770

152,287

944,221

149,947

9,390

48,110

476,104
58,991
90,016
11,973
17,935
7,221

17, 485
596
3,320
795
406
183

61, 739 1,091,852
74
483
12,609
8,275
4,490
354
58
34
4,088

26,906
37,218
3,371
53,353
4,286

638,149 12,651,038

662,240

22,785

79,133 1,104,923

727,372

85, 784,962

246,862
116, 757
448, 552
77, 348
301, 394
285,478
109,296
216,404
256,628
690, 513
167, 744
402, 565
220,216

22,245
8,803
33, 617
4,753
21,470
37,254
7,373
17,178
14,883
64, 690

4,445
1, 348
1,500
114
1,347
3,376
669
33
2,052
635
30
137
474

1,590

7,990
12,990
15,061

522
722
406
153
1,006
1,571
318
548
674
3,077
652
617
1,722

56
264

4,673
1,819
12, 709
811
5,828
8,957
1,049
2,808
2,470
6,197
520
2,702
2,116

1,683, 740
724,445
2,455, 856
474,678
1,628,441
2,087,953
714, 666
1,122,014
1,233,392
3,325,223
767,292
1, 663,887
1,203,408

__.
_.
_

268, 307

11,988

16,160

6,952

52,659

19,084,995

2,787




O

O

67,431,091
5,131,049
9,267, 786
1,027,241
2,117,845
809,950

596, 558

H

17,001,208

377,937 10,432,426
486, 703
69, 863
126, 750 1,223,838
146, 360
13,168
216,003
37,179
145, 708
13,252

174
105
140
119
350
201
169
166
150
545
181
265
222

_.

Total Southern
States
_.__.

494,073

477,911
32,969
68,191
12, 900
3,700
887

737 46,924,298 14,496, 712 4,274, 618 3, 607,136

Total
Eastern
States
_.

867, 366

280 37,827,060 10, 609,465 3,127, 300 2,329, 574
265,250
112 2, 664,470 1,093,953
430, 791
790,480
233 4, 593,606 1, 779,184 534,299
469,129
78,134
49,269
237, 652
19
137,051
985,044
552, 575 114,187
384,989
6,647
18, 772
223,883

New York
New Jersey
Pennsylvania
Delaware
Maryland. _
District of Columbia

Virginia, _
West Virginia
North Carolina
South Carolina
Georgia
Florida
_
Alabama
Mississippi
Louisana_
Texas
Arkansas
Kentucky. _
Tennessee- _

481,820
208,518
537,039
161,305
257, 760
57,301
5, 504, 524 2,284,014
182, 384
660,036
2, 776, 567 746, 801

56
56
29
253
13
116

779, 665
286,960
104,147
175,032
695, 340
797,113
283,484
436, 340
446, 781
436, 963
315, 875
660,806
537, 376
7, 955, 882

119,557
48,149
205,995
55,033
94,036
168,384
73,427
168, 308
144,964
251,419
79,658
56,952
110,132

28, 838
4,147
70,270
25, 515
41,316
22,464
23,095
12, 542
8,051
81,860
13, 778
18,302
17,485

1,914
1,361
2,138
110
2,082
1,348
342
666
602
4,199
381
1,415
879

51,100
17, 415
25, 585
34,273
67,098
15,402
30,179
28,288

4,837,823 1, 576,014

367, 663

17,437

434, 353

436, 353
236,228
518,133
120,926
427,457
709,996
198,192
241, 602
321, 727
715, 386
165,262
477,166
269,395

37,076
18,151
58,129
14,811

3, 539, 757

260
72
319
912
6
287
1,186

W

H

I
^

Ohio - .
Indiana.. > _ _
Illinois
Michigan
_
_ ...
Wisconsin
Minnesota « _ . .
Iowa
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
- -Wvominff

Colorado

__ _

New Miexico

Oklahoma
Total Western States.

Washington
Oregon
- -California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

. -

Total Pacific StatesTotal United States
(exclusive of possessions)

356
320
576
294
468
510
575
549

2,903, 761
842,497
2, 566, 531
2,231, 766
1, 307, 724
948,588.
1,201,731
1,951,584

1,690,609
826,059
2,068,094
1,371,259
936,234
561, 390
633,291
1,196, 552

427, 711
105,682
551,052
503,072
210, 769
117,940
207,428
327,086

44,608
23, 712
147,210
14,959
42,952
116,287
21,911
59, 513

11,524
1,392
32,049
6,574
1,458
14,800
1,324
18,974

108, 790
44, 324
68,933
82,539
49,848
26, 757
39,424
61,449

971,962
296,945
1,049, 717
570,422
395,651
189,824
359,416
856,597

61, 363
18,848
42,879
62,711
28,102
20, 305
16,683
37,229

1,025
702
3,657
1,963
1,046
436
435
1,162

3,258
1,781
18,672
572
6,508
76
2,741
2,164

1,265
37
10,864
85
34
334

9,283,488 2,450, 740

16,003

122,852

31,893,428

459
340
932
985
1,455
80
3,978
770
1,051

451,393
423,476
628,398
1,339,934
465,837
147,173
718,536
258, 389
585,856

10,050

5,018,992
847, 111
370,276
8,581,943
198,087
622, 541
174,487
437,312
40,977
528,663
11,801,397

471,152

88,095

482,064

4,690,534

288,120

10,426

35, 772

131,208
157,739
283,212
559,970
186,177
57,915
350,668
102, 974
244, 566

173,692
160,172
193,985
365,943
143, 625
50,244
168,910
73, 698
163,663

63,496
25,952
28,897
165,803
32,474
8,464
38,844
20,407
51,486

29,329
12,022
10,429
6,775
12, 725
973
2,217
4,833
4,842

26
171
166
518
546
100
2,167
91
136

4,861
5,068
8,659
18,015
6,412
2,278
11,551
6,260
11,832

44, 781
59,638
98,091
212,242
76, 791
25.951
122 557
44, 380
104,299

3,388
2,301
3,938
8,910
5,303
1,098
4,860
4,664
3,376

24
48
48
405
241
57
658
293
158

129
25
41
368
88
13
2,126
19
447

1,425

2,084,429

1,493,932

435,823

84,145

3,921

74, 936

788, 730

37,838

1,932

3,256

69
40
82
22
43
4
9
g
10

463,296
173,086
4,253, 634
99,146
299,336
87, 594
215, 267
16 908
264, 662

209,961
108,432
2,040,161
49, 829
157,041
56,332
101,263
12 566
139,054

40,386
28,614
563, 111
12,179
30,887
6,425
23,045
713
29, 537

48,000
3,443
36,239
2,265
2,321
851
8,153
194
2,701

596
101
10, 738
173
765
157
534

64,824
42,631
1,365, 610
26,132
112,938
14,912
65,024
8 638
59,134

7,707
5,386
96, 512
3,469
6,143
3,577
9,769
553
7,868

104
303
2,252
83
144
18
34
55
374

675
232
15,987
504
2,839

1,735

9,563
6,482
75,824
3,580
8,591
3,955
8,257
1 251
16,394

2,740

1,160

1,971
1,566
57,429
727
1,536
666
5,051
99
3,304

287

5,872, 929

2,874, 639

734,897

104,167

14, 799

133,897

1,759,843

140,984

3,367

23, 892

65,634

72,349

9,407 87,009,466 36,626,917 9, 944,774 5,501, 629 1,214,883 1, 915,686 24,374,123 1, 547, 436

59,888

K
1

10,682

Total possessions- _.

13

524,610

1
2

6,252,378
2,166,658
6,590,238
4,860,129
3,005,134
2,002,432
2,486, 564
4, 529,895

118
141
304
423
80
29
114
28
188

3,648 13,954,182

Canal Zone (Panama)
Guam
Puerto Rico ^
American Samoa
-Virgin Islands 4 of the
United States
-__
Total United States
and possessions

3,384

26,502
4,679
30,580
14,207
24,808
5,695
2,180
14,201

903
11, 570
501,263
192

788
1,387
22,399
52

456
7,202
81,092
3,953

25
226
7,878
6

105,231
1,858

41,316

10,564
5

1

991

587

41,316

10, 569

20

25, 617

93, 290

8,253

9,420 87,534,076 36,734,006 9,986,090 5, 512,198 1,214,903 1, 941,303 24,467,413 1,555,689

One branch of a national bank and 1 branch of a State member bank in New York.
Branches of banks in California and Hawaii.
' Asset and liability items include data for branches of a national bank and a State
member bank in New York.



64,446

915

17,542
13,499
88,767
41

19,714
33,952
861,568
6,102

68
555

1,052

1,432
114

8,339

20,837

623

1,052

1,546

128,188

942,173

60,511

S

1

162,152 1,194,636 1,033,392 170,584,982

118

107,089

19

28

1

163,204 1,196,182 1,161,580 171.527.155

< Asset and liability items include data for branches of a State member bank in New
York.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.

is

TABLE NO. 44.—.

and liabilities of all active banks other than national, Dec. 30, 1961 {includes State commercial, mutual savings, and
private banks)—Continued
LIABILITIES
[In thousands of dollars]




Other

Capital

Undivided
profits

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

Demand
deposits

»

-- _

.

Total
deposits

187 327
35,242
74.754
1,601,732
255,519
1,021,060

622,069
694,341
267,157
6,527,062
714,946
3,067,484

809,396
729,583
341,911
8,128,794
970,465
4,088,544

140
2,755

11,893,059

15,068,693

3,889

1,133

322,043

131, 750

857.217

533,772

82, 711

28,049,317
1,809,396
4,048,951
570 952
897,589
521,239

30,767,866
2,837,627
4,243,019
328,137
1,012,740
215,500

58,817,183
4,647,023
8,291,970
899,089
1,910,329
736, 739

214,421
1,100
10,620

1,119 699
74
14,294

400

354
34

1,612, 997
96,846
131,288
25 366
27,669
18,040

1,063,086
78,167
152,153
19 644
29,348
12,985

3,389,377
218,228
496, 766
72,838
105, 484
27,591

1,013, 799
45,001
108, 883
9,927
38,963
12,161

200 529
44,610
61,812
377
5,298
2,400

35,897,444

---

Time and
savings
deposits

3,175,634

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

AcceptRedisances
counts and executed
other lia- by or for
bilities for account of
borrowed reporting
money
banks and
outstanding

39,404,889

75,302,333

226,541

1,134.455

1,912,206

1,355,383

4,310,284

1.228,734

315,026

866.225
410 087
1,514,790
315 252
941,241
1,217 642
410 362
759,553
810 107
2,213,415
514,815
1,179, 723
644,028

650,216
222 936
633,501
107 731
510,721
682,772
232 450
269 202
316,936
822,114
185, 540
330,133
445,886

1,516.441
633,023
2,148,291
422, 983
1,451,962
1,900,414
642 812
1,028, 755
1,127,043
3,035,529
700,355
1,509,856
1,089,914

400
1,000
225

1,590

40,925
18 465
49,869
19 568
46. 610
69, 453
19 514
22,408
33 455
95,821
17,093
34.829
29,818

67,351
38 951
110,312
20 635
63,582
65,919
26 344
58,684
39,205
101,566
22,945
70,165
35, 943

27,325
18,375
27,257
7 186
27,062
22.170
19 239
2,380
18 302
58,067
21,861
33.528
28,310

1,815
3 549
6,889
1,261
13,048
4,079
1,388
1,398
3 608
13,713
2 805
3,282
3,369

11,797,240

5,410,138

17,207,378

497,828

721,602

311,062

60,204

20
974

1,062
24
47

liabilities

10,811
8,871
4,978
200,095
25, 777
71,511

520
166
620

287
3,186

211
525

56
264

27,893
11 082
112, 753
2 973
25,151
24, 656
5 363
7,869
11,326
16, 721
2.233
11,960
15,265

4,724

6,952

275,245

707
350

260
72
319
912
6

stock i

11,925
2,730
6,789
61,459
11,150
37. 697

Surplus

44,399
43.396
13,276
480,816
64,362
210, 968

33,645
34,960
10,340
311,186
14,841
128,800

2 682
5,151
1,741
42,486
1,422
29,229

g

s

8

1

Ohio
Indiana
Illinois
Michigan
"Wisconsin
Minnesota
Iowa
Missouri

-

...

_

-

-

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wjoming
Colorado
New Mexico
Oklahoma

_
-

-

16.437,896

—
_

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

_

_

5,626,635
1,973,826
5,986,726
4,398,230
2,752,792
1,824,413
2,239,285
4,076,567

550
27
1,150
165
275
1,494

12,440,578 28,878,474

4,106

2,480,317
800 058
2,335,038
2,462,954
1,358,856
1,065, 746
758,829
1,178,780

445

_

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—
Total United States and possessions.——

236,014
254,953
459,458
854,402
281,271
85,393
410,058
163,574
377,483

164,665
130,138
99,318
355,477
146,149
48,781
230,042
73,976
153,451

400,679
385,091
558,776
1,209,879
427,420
134,174
640,100
237,550
530,934

1,401,997

4,524.603

557,416
182,771
3,547,737
62,864
230,261
78,910
134,290
14,858
225,100

766,575

5,649, 407
76,080 227

144,423
42,811
149.303
126.964
64,538
40,260
56,616
126,903

292,823
69,936
212,564
164.246
98,186
67,513
84,785
150,008

91,072
49,677
99,968
80,147
58,035
40,101
86,344
116,028

2,395
4,422
55,197
16,132
5,602
15,510
9,052
12,207

16,083

360,997

751,818

1,140,061

621,372

120,517

1,740
1,120
3,983
4,991
4,272
625
14,608
2,110
4,592

11,170
9,091
18,764
32,909
12,265
1,945
22,285
7,065
16,055

14,286
12,272
22.859
51,266
12,751
5,568
22.461
6,744
16.860

16,354
13, 959
19.905
34,549
8,682
4,086
13,295
3,031
16,091

7,164
1,943
2,001
2,022
247
675
2,706
1,889
991

38,041

131,549

165,067

129,952

19.638

10, 769
11,219
198,978
5,578
13,867
4,041
13,958
1,500
18,145

41,127
10,553
267,533
6,077
20,556
5,189
19,629
1,335
21,613

14,445
4.180
130.994
3,100
7,144
1,868
4,626
546
10,268

7,453
476
5,984
429
69

10,142

209,159
156,075
4,223,145
117,304
341,350
82,256
254,568
22,362
243,188

3,394

93,320
25,949
75,046
74,248
24,797
14,136
10,207
43,294

1,265
37
10,884
135
34
334

2,110
4,318
200
100
3,081

3,122,606

_

_

3,146,318
1,173,768
3,651,688
1,935,276
1,393,936
758,667
1,480,456
2,897,787

15,139
13,009
374,516
3,799
10,163

333

95

1,160

6,714
4,152
136,116
2,735
9,094
2.223
9,241
36
7,639

5,034,207 10,683,614

7,855

65,934

177,950

278,055

393,612

177.171

17,206

75,584,868 151,665,095

257,257

1,224,557

3.086,482

3,146,383

7,587,843

3,002,063

615,302

12,050

1,432

690
43,708
26
296

43,250
100

16,237
85

3,744
33
75

5,296
31

7,770,882
180,168
571,611
161,166
388,858
37,220

28
850
6,710

"64," 746*

200

1,000
340
1,455

4,567
20,253
361,335
2,028
10,189

19,706
33,262
735,851
5,827
20,352

398,372

814,998

1,546

44,728

43,350

16,322

3,852

5.327

75,983,240 152,480,093

1,226,103

3,131,210

3,189,733

7,604,165

3,005,915

620,629

114

1
o

a

i

i Includes capital notes and debentures. (See classification on pp. 252 and 253.)




CD

and liabilities of all active banks other than national, Dec. SO, 1961 (includes State commercial, mutual savings,
and private banks)—Continued

TABLE NO. 44.—

[In thousands of dollars]

O

Loans and discounts
Keal estate loans

Location

Maine
New Hampshire .
Vermont
__
Massachusetts...
Rhode Island
Connecticut
Total New England States
New York:
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Totux
Eastern
StatesVirginia
West VirginiaNorth Carolina .
South Carolina..
Georgia
Florida-—
Alabama
-Mississippi
Louisiana.
Texas —
Arkansas
Kentucky
Tennessee
Total
Southern

Secured
by
farm
land
(Including
improvements)

Secured
by residential
properties
(other
than
farm)

290,802
5,702
394,071
5,390
145,815
il, 143
6,015 C, 038,207
409
432,380
7,006 2,068.186

Loans to financial institutions

To domestic
Secured commerby
cial
other
and
properforeign
ties
ibanks*
53,140
100,183
32,178
551,685
46,354
164,499

721
5
1,531
1,250
1,365

Other

2,732
518
362
78, 941
12, 745
20,732

Loans for purchasing or carrying securities
To
brokers
and
dealers
in securities
686
400
550
34,335
3,773
7,507

Other

400,146 1,158,062




561, 822 12, 739 240,785

Directly
guaranteed by
the
Commodity
Credit
Corporation

633 170
9.849
5, 411
21,070
6,125
8,456

14,547
2,766
8,761
3,119
35, 816
5,326
7,171
4,473

97, 604 132,890

Commercial and
Other
indusloans to
trial
farmers
loans
; (ex(includcluding ing open
loans on market
real
paper)
estate)

Other
All
loans to
other
individloans
uals for
(inpersonal cluding
expendi- , overtures
drafts)

Total
gross
loans

4,790
964
10,143
3,120
124
4,280

12,6iO
407
116

13,133

56,245
10, 728
25,827
411,994
96. 594
220,900

67,028
23, 286
31, 748
377,157
64,464
273.183

3,227
2,626
2,357
14,977
12, 514
15,209

23, 421

1,176
498
300
19,997
340
12,876

35,187
47,251
4,872 116,030
35,665 7,369,461 948.039
'
,
2,
31,148 17, 840, 838,340, 853 354,353 1, 545,449 1, 890, 291 499,257
65, 745 14,312
3,028 1,466, 677 211,844 4,946
55,299
93, 248 106,981
26,179 1, 723, 626 283, 647 15,659 205,686
2,525
22, 749
11,174 129, 713 40,761 15,100
5,517
7,088
15, 790 450,197 101,605
6,265 30,122
4,578
4.63S
32.419
66,767 25.349

87,319 21,677
; 004.059396.323 1,878.914 2.083. 759
,
6,024
28,422
166,
17,882
54,105 2,050
647
9,903
100
83,954 27,079
4,376
35, 913 107, 973 67,048
38,649
66,965
726
12,193
33, 867 14,147
2,786
3,797
44,845
133,628 43,371
324
26, 597
5,710
21,390
20,037
112,162 82,078
116
9,010
24, 684
120
50,164 21,081
97
2,564
38,628
45, 322 25,821
523
14,570
7,514
24,724
13,415
86, 336 54, 586 2,000
793
24,542
18,632
216
89,287 70,370
2,531
26,282
39, 538 25,105 2,832
2,113
6,355
63, 512 111,091 43,861 3,692
32,216
20,461
51,018
40
7,469
1.269
98. 256 33,170

Loans to farmers

822 2«

836. 8

50, 910] 10, 289, 990

58, 288 10, 237, 152 2, 615,33i 1,022,203
3,859
504, 974 30,353
355,499
23, 832 1,129,010 1,020,347
78,188
5,756
6,913
137,101
91,670
11,836
12, 684
148, 916 210, 574
62
140.799
6,047
106 114
103, 633 12,069 3S-1 4,629

26, 978
5,043
33, 516
3,063
9,559
11, 493 31, 366
6
20, 998
4,408
23,152
15,296
38,589
4,199
17, 626
44, 778 136,009
24,296 35,142
1,474
47,858
9,739
38, 308

486,249
538,664
260,428
5,537,959
670, 947
2, 795, 743

Less
valua- Net loans
tion
reserves

4,429
1,625
2,668
33, 435
10,911
19,176

481,820
537,039
257, 760
5, 504, 524
660,036
2, 776, 567

72,244 10.217, 746

38,447, 773 620, 713 37,827,060
2, 716, 536 52,r- 2, 664,470
4, 706, 810 113,204 4, 593, 606
469,129
473,517
4,:
985,044
1,000, 594 15, 550
384,989
1,784
386, 773

1,156,388 47, 732,003 807,705 46, 924,298
9,696
789, 361
779, 665
11,697
5,154
292,114
286,960
4,338
20, 688 1,129, 373 25, 226 1,104,147
3,392
175,032
2,034
178,424
11,497
695,340
706,837
10,881
797,113
815, 538 18,425
15, 531
5,992
283,484
289,476
5,557
436,340
448, 744 12,404
8,508
10, 704
446, 781
457,485
11,311
20,914 1,436,963
13,650 1,457,877
3,727
315,875
3,684
319,602
9,943
660, 806
10,965
670, 749
9,233
537, 376
7,671
546,609

119, 797 464,144 2,262,042 2, 525,643 126, 515

8,102,189

146,307

7,955,882

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

63,431
54,544
38,775
50,195
84,050
53, 840
62,863
63,014

Total United
States (exclusive

15,325
5,443
6,876
21,052
3,407
1,743
2,562
2,394
7,991

24,266
20,477
16,425
60,447
40,158
10,993
36, 467
10,842
17,699

4,370
6,889
7,062
18,833
8,666
5,170
24, 474
10, 771
11,843

66,793

237,774

98,078

5,146
4,124

294,140
60,858
1,090,502
12,419
74,840
13,886
35,172
3,230
84,425

58,689 1,669,472

41,487

629,225

119,767
4,252
113,633
55, 982
12,170
4,793
7,154
33, 914

316,690 351,665

3,427
5,079
22,126
1,272
28
27,453
69,060
60,641

67,465
102,348
178,951
86,339
110, 540
177,117
411,949
135,015

710,107
135, 653
779, 613
408,823
287,182
87,438
177,543
486, 557

2,119,312

34, 211
798,011
24, 749
72,234
18,057
83,608
4,275
51,187

466,094
175,229
4,324,183
100,870
304,549
88,802
217,399
17,245
265, 999

463,296
2,798
2,143
173,086
70, 549 4, 253,634
1,724
99,146
5,213
299,336
1,208
87,594
2,132
215,267
337
16,908
264,662
1,337

200,166 1,785,147 1,125, 728

64,220

5,960,370

87,441

3,703

640,626

140,172
3,432
449
9
956

354,609

54,142

4,872

62,966

23

O

34, 883 2,084,429

1,853
3,114
46,830
424
1,772
1,068
2,338
91
6,730

28,095

667
145
42, 445
424
1,896
17
39
29
8,480

131,208
157,739
283,212
559,970
186,177
57,915
360,668
102, 974
244,566

29,158

2,418

18,177

3,725
3,424
4,886
5,465
4,571
644
6,408
2,659
3,101

463,586

30

53,416
83, 035
143,591
180, 210
47, 760
17,361
45, 347
14,699
55,207

3,388
297
3,554
316,814 '*59,~625
977
I, 736
15,368
1,840
550
7,682
159
4,827
758

134,933
161,163
565, 435
190, 748
58,559
367,076
105, 633
247,667

5,214
8,398
32,435
68,268
3,766
492
2,771
730
18,098

31,994

2, 956,254 52,493 2, 903, 761
17, 606
842,497
860,103
2, 633,488 66,957 2, 566, 531
2,266,422 34, 656 2,231,766
1, 336,320 28, 596 1,307,724
11, 705
948, 588
960,293
16,156 1,201,731
1,217,887
1, 977, 739 26,155 1,951,584

1,790
1,113
1,420
3,433
2,804
299
15,595
991
1,713

579
301
256
4,414
1,029
333
9,117
858
1,290

26,253
15,317
8,067
2,849
38, 844

76,*
6,228
36, 565
25,385
22, 281
6,030
8,666
30,367

18,366
19,224
39,218
105,123
41,942
9,263
124,834
29, 742
75,874

15
10
22
346
1,960
750
580
20

2,322

675,369
224,489
564, 823
626,745
244,177
147, 540
196, 585
449,050

189,086 1,269, 724 3,072, 916 3,128, 778 212, 352 14,208, 506 254,324 13,954,182

185
966
3,312
5,137
3,289
485
11,893
1,585
1,243

22
55, 973
3
18,373
377,100 31,136

548,365

110, 810
1,296
7,1
199,077 133,639
112, 653 16,849
40,063
4,891
6,641
411
34,275
6,305
117,826 60,319

390,732

13,011
48, 769
39,440
10, 958
106,547 1,416,665
25,053
28, 763
84, 028
21,176
5,819
31,783
9,581
69,092
581
5,871
3,730
64,446

5, 872, 929

1,119,324 35,549,890 6,248, 931 489, 833 3,247,658 2,611,973 1,225,231 467,060 2, 701, 714 20,401,486 12, 709,727 1,639,543 88,412,370 1,402, 904 87,009,466

Canal Zone (Panama)....
Guam
Puerto Rico
American Samoa
Virgin Islands of the
United States

9,491

Total possessions...

9,491

Total United
States and pos-

304, 555 5,863
64, 629
136, 788 15,173
184,874 3,990
141, 522 1,550
61,443
4
57,958
100
136, 799 14,807

470, 712 3,437,3031 1,088,568

Washington..
Oregon.
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States.

725, 650
253, 705
414,325
693, 315
387,866
387, 583
185.429
389.430

1,!
81, 554

39
20,972
29

4,964

2,503
23, 543

5,751

14,158

514

13,186

360
3,665
244,327

5,678
107, 837
191

1,923
5,751

14,158

514

13,194

115, 271

903
11, 570
505,015
222

3,752
30

7,787

528,392

903
11,570
501,263

3,782

192

B

10,682

10,682

1,256

250,275

234
290
7,225
2

3

524,610

1,128, 815 35, 638,298 6, 272, 474
495, 584 3,261,816 2, 611, 973 1, 225, 745467,060 2, 714, 908 20,651,761 12,824,998 1,647,330 88,940, 7621,406,686 87,534,076




to
Of

TABLE NO. 44.—Assets and liabilities of all active banks other than national, Dec. 80, 1961 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Capital

Location

MaineNew HampshireVermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
_
New Jersey
Pennsylvania
Delaware...
Maryland
District of Columbia. _
Total Eastern States..
VirginiaWest V i r g i n i a North CarolinaSouth Carolina-.
Georgia
—
Florida
Alabama
Mississippi
Louisiana.
Texas
Arkansas
Kentucky
Tennessee
Total Southern States .




Common
stock

11,825
2,505
6,611
61,259
11,150
37,697

Capital
notes and
debentures

150

131,047

150

1,018,410
70,092
152,143
19,644
29,323
12,985

44,676
5,465

1,302,597

50,141

39,865
18,465
49,847
19,518
46,433
69,003
19, 514
22,298
33,438
95,821
17,093
34, 779
29,818
495,892

to
to

Demand deposits

Preferred
stock

100
75
178
200

553

Individuals, partnerships,
and corporations

Foreign
governments,
central
banks,
etc.

62, 528

61,178

2,780

50,012

16
2,044

3,412,048
43, 740
341,294
6,880
34, 536
21,354

430,362
5,232
24,284
3,276
2,834

835, 028
446
13,616
17
958
1,706

2,213,980
34,440
68,174
3,807
10,424
8,031

424,224

1,465,703

1,169,012

3, 859, 852

465, 988

851, 771

2,338.856

22,161
12,061
46,869
10, 710
30,857
25,637
9,984
12,251
10. 571
32, 511
7,812
24, 960
12,418

93,497
49,615
125,068
32,821
103,420
152,999
76, 753
147, 482
177,631
186,994
59, 420
116,475
91,033

66,197
19,052
227,875
14,964
62,350
35, 569
5,027
60,399
82,962
110,920
21,832
163,426
17, 788

25

15,200
4,997
14, 591
1,932
9,359
17, 551
2,878
5,357
8,913
47,015
4,090
13, Oil
6,300

258,802

1,413,208

888,361

669,145
324,362
1,100,209
254,825
734,947

50
1,759

1,943
837

3,303
615
1,833
27,413
4,798
12,050

753,455
161, 402
149,195
35,819
69,113
28

25,322,038

110
17

2,047
85
22
31,630
7,359
20,035

267,696

1,060

450

3,042
242
1,189
44,294
1,947
11,814

Certified
and officers'
chocks,
etc.1

114,198

2,645

177

20,471
6,750
11, 760
134, 802
14,353
79, 560

Mutual
savings

Banks in
foreign
countries

1,185,355
70,854
137, 512
32,020
26, 626
13,336

2,617,242
421,228
18
918

25

Commercial

7,327
1,200
2,288
53,802
10,311
39,270

151,137
26,350
57, 662
1,307,848
215,914
858,331

18, 797, 861
1,493,264
3,313,958
489,133
753,082
474, 740

2, 610
10

Banks in U.S.

States and
political
subdivisions

U.S.
Government

985, 069
315,720
534,061
530,030
1,835,175
421,655
861,805
516,489

48

9, 083,492

54

~178~
769
...
...
800
~~46"
2,129

151,194

8

144,148
42,567
148,653
125,074
62,175
39,173
56,191
126, 503

Ohio
Illinois
TVTichiffan

oi Wisconsin

--

os Iowa
$5 Missouri

-

]>
Total Middle Western States _ _
to
1 North Dakota
1 South Dakota
l Nebraska

•a TCfvnsas

Wvomins
Colorado
New Mexico

-

-

-

744,484

--

Total Pacific States
Total United States (exclusive
of possessions)
Canal Zone (Panama}
Guam
Puerto Rico
American Samoa
Virgin Island*? of the United States
Total possessions
Total United States and possessions

203, 936
178,887
188,843
219,675
113,109
111,380
160,782
264,152

133,251
9,069
291,744
54,287
52,988
4,859
26,135
385, 596

436

3,462

791
144

8,180
1,733
272
2,240

45,429
14,919
68,125
47,150
25,066
14,768
23,549
27,237

539,050

1,440,764

957,929

1,371

15,887

266,243

174,845
212,188
395,747
611,719
213,457
68,030
318, 575
125,299
306,723

3,233
4,008
12,321
16,854
5,213
1,044
10,634
3,960
5,812

52,408
33,274
42,041
200,457
39,096
14, 793
39, 679
29, 744
49,214

3,427
3,129
5,080
16, 477
19, 519
696
35,311
1,949
7,277

5

2,101
2,354
4,269
8 895
3,981
830
5,859
2,622
8,457

2,426,583

63,079

500, 706

92,865

5

39,368

167,384
125, 594
3, 561,177
89,721
236,086
68,650
198, 538
14,650
177,078

26,146
19,894
159,876
20,658
61,075
6,091
39,248
6,298
36, 944

4,980
3,150
199,993
1,718
30,037
1,345
4,943
412
2,369

229
293
147

1,990
17
38,360

20

4,614
4,530
150,641
2,570
8,011
2,676
5,837
525
17,323

250

1,789

5,545

13,216,354

298

363
832

11,170
9 091
18,764
32,909
12,265
1,845
22,285
7 065
16 055

175

100

100

10,769
11,219
198,103
5,578
13,867
4,041
13,958
1,500
18,145

14

1,521

875

4,638,878

5,478

196, 727

376,230

248,947

757

42,558

139,832

52,257

11,477

57,304,587

430,054

2,637,559

5,167,616

6,110,482

529,294

915,130

2,985,505

19

139
101

51
150
15,715
8
124

259

16,048

915,389

3,001,553

5,458

7,774
2,663
6,413
133
847

2,720
62, 712
3,227
3,031

2
39
629
88

13,229

43,250
100

7,295
7,470
276,308
316
6,032

43,350

297,421

20

17, 830

71,690

13,358

57,602,008

430,074

2,655,389

5,239,306

6,123,840

3,125,999

52,257

11,477

1 Includes dividend checks, letters of credit, and travelers' checks sold for cash.




34

3,816
2,597
107,493
2,637
6,139
3,455
5,373
389
7,933

875

277,180
3,082,649

139,192
34,215
134,007
65,168
40,614
19,331
35,695
70,828

2,620,362
936,678
2,959,964
1,547,263
1,161,729
608,329
1,234,295
2,147,734

250

650
1,890
2,000
255
425
150

131,449

Total Western States
Washington
Oregon California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

100
244

6
14

129

529,294

to
00

TABLE N O . 44.—Assets and liabilities of all active banks other than national, Dec. 30, 1961 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Time and savings deposits
Location
Savings

Other
Accumu- deposits of
individlated for
payment uals, partof personal nerships,
and corpoloans
rations

Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut
Total New England States

614 030
692,175
261,379
6,492,668
686,930
3,051,426




21

4,605
688
2,335
21, 746
22,282
11,302

,_

3,025
1,365
2,797
11,667
5,152
4,608

Banks in U.S.
Commercial
98
90
166
300

Mutual
savings

Banks in
foreign
countries

100

75

160

28,614

729

100

106,836
273
1,948

146,345
10

73,230
25
400

17

425,662
43,649
68,138
12,923
24,320

4,314
1,314, 794

32,495

552

574,692

109,770

146,355

73,655

3,353
45
5,145
1,087
2,432
391
343
51
1,041
174
62
1,229
205

926
138
2,218
5
431
914
34
321
12
421
11
58

55,916
937
93,916
15,933
52, 585
99,192
4,913
1,116
10,209
90,023
1,439
22,116
23,578

1,979
99
1,135
2,840
1,387
1,235
195
4,715
943
1,305
80
73
257

15,558

5,489

471,873

16,243

3,461
35
6,683
14, 786
24,965

2,274,063

970
1,711
16,867
2
322
2,865
217
1,286
1,683
75,232
557
16,186
3,102

31, 254
7,332
50,331
5,353
67,028
30,336
15,567
78,221
24,935
100,294
25,482
67,391
82,367

121,000

585,891

4,192,084

political
subdivisions

183

1,296,622

555,818
212,674
463,889
82 511
384,536
547,839
211 181
183,813
277,804
555,074
157,499
223,127
336,319

13
122
25

States and

1,138

62,958
1, 943,132
66,655
192,475
21,297
15, 558
34,946

34,853,548

.

Postal
savings

20,861
396
1,369
365
1,728
7,776

752

11,798,608

U.S. Government

64
6
28
553
460
27

26, 754,995
2, 726, 619
3,961,018
293,517
963,721
153,678

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

247
17
452
15

Foreign
Governments,
central
banks,
etc.

13,858

2,000

2,000

352

713

^O
^

112,249
18,120
82,317
123,944
36,176
25,093
2,260
66,643

13,995

3,624

1, 777

466,802

3,573

"Wvominc
floloraflo
Oklahoma
Total Western States
-

- -

180,229

1,748,732

199
2
12
3 470
464
12
108
35
3,502

64 729
62, 862
32 105
49 937
23,122
2,782
14,576
7,613
15,905

35
19
28
90
206
61
10
1,425
1,130

949,804

Kansas

142,325
132 208
225,349
189 610
248,097
314 437
231,994
264,712

49 312
54, 580
65 450
260 394
114,019
39 795
187,428
52 092
126,734

Total Middle Western States
North Dakota
South Dakota

160,602
92
11,972
115
361
171
4 835
2,081

10,021,396

Wisconsin
TVTinnpsota
Iowa
Missouri.

Washington
Orecon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

635
143
39
16
153
164
136
491

320
1,593
1,126
316
68

2,030

780
198
102
1,302
72
41
28
1,101

2,063,056
647 704
2 002,068
2 147 651
1,073,929
725 840
519,561
841,587

Ohio
Illinois

7,804

273,631

3,004

549,901
153,311
2, 844,866
59,381
196,173
52 429
109,155
7 342
121,016

17
9
88
6
4

5,351
5,074
236,231
3,335
4,848
4 488
8,963
346
44,687

20
70
4,012
23
62
10
25
110
1,965

30

11,965

15, 887

350
100

15
135

273
10

50, 390
12, 638
1 713
41, 492
8,336
6,126
27, 895
12, 538
5,840

330

331

166, 968

455
55
286
7,010
100
700

7
437

22
24,021
424,317
19
28,464
21,983
16,117
7,032
56, 508

450

7
10
24
2
5

19
10

30
70
25

50

2,000

300

15,007

21
487

4,093,574

154

313,323

15, 887

6,297

473

578, 483

8,659

350

17, 007

Total United States (exclusive of possessions)
. - . - 65,909,014

334,904

5,258, 598

1,346,676

62,116

8,782

2,287,432

139,429

146,805

91,112

7

4,187

350
2 530
107, 926
58
145

3 135
2 748
11,094

50

5,485
35,299
1,515
3,738

682

146,805

91,112

Total Pacific States

Oanal Zone (Panama ^
Guam
Puerto Rico
-- American Samoa
Virgin Islands of the United States
Total possessions.Total United States and possessions




1,082
9 483
202,097
455
6,276

1

29

219,393

4,188

111,009

7

17,006

50

46,037

682

66,128,407

339,092

5,369, 607

1,346,683

79,122

8,832

2, 333, 469

140,111

to

Ox
O\

TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. 30, 1961

l

to
Or

ASSETS
[Dollar figures in thousands]

ObligaU.S.
Corpotions of
Other
rate
Loans and GovernStates
bonds,
stocks,
Num- discounts, ment obber of including ligations, and po- notes, and including Currency
direct and
litical
deben- stocks of and coin
overbanks
drafts
guaransubtures
Federal
divisions
teed
Reserve
banks

Location

24
23
23
69
5
44

Total New England
States

2,457,732

19,888
5,618
20,904
156,262
25,836
131,362

1,169,428

5,501
3,748
2,446
10,277
11,689
12,041

2,111
3,603
1,808
5,222
3,018
8,877

11,068
2,074
3,613
44,273
10,206
32,956

44,816
11,874
20,814
371,714
61,317
245, 588

7,086
1,770
3,015
30,484
3,736
22, 710

371
167
152
401
121
358

837
4
893
1,937
256
12

1,053
24
47

3,939

Other
assets

1,258
87
343
9,489
1,443
3,354

Total
assets

413,171
149,141
236,855
2,198,359
475,946
1,535,620

359,870

45,702

24,639

104,190

756,123

68,801

1,570

1,124

15,974

5,009,092

184,083
48,450
81,762
3,565
41,480
6,647

124,738
11,319
33,768
4,677
3,692
887

298, 872
61,880
116,937
12,887
34,339
13,252

9,865,389
450,766
1,191,250
140,418
202, 823
145,708

308, 559
45,484
77, 552
10,085
14, 642
7,221

3,072
359
2,161
648
143
183

61, 739 1,068,438
74
483
12,609
8,220
4,490
354
58
34
4,088

370,117
16,871
24, 599
3,361
11,939
4,286

42,038,371
3,568,675
6, 863,336
836,357
1,470,085
809,950

567 25,824,450 10,961,476 3,659,390

Total Eastern States-

365,987

179,081

538,167 11,996,354

463,543

6,566

79,078 1,081,509

431,173

55, 586,774

119,557
48,149
205,995
55,033
93,973
168,384
73,427
168 308
144,964
247,543
79,658
56,952
110,132

28, 838
4,147
70,270
25,515
41,267
22,464
23,095
12 542
8,051
80,734
13,778
18,302
17,485

1,914
1,361
2,138
110
2,031
1,348
342
666
602
3,977
381
1,415
879

37,076
18,151
58,129
14,811
36,391
51,100
17,415
25,585
34,273
66,372
15,402
30,179
28,288

246,862
116,757
448, 552
77,348
296,759
285,478
109,296
216,404
256,628
683,236
167,744
402,565
220,216

22,245
8,803
33,617
4,753
21,212
37,254
7,373
17,178
14,883
64,201
7,990
12,990
15,061

522
722
406
153
954
1,571
318
548
674
3,042
652
617
1,722

4,445
1,348
1,500
114
1,347
3,376
669
33
2,052
635
30
137
474

56
264

4,673
1,819
12,709
811
5,748
8,957
1,049
2 808
2,470
6 126
520
2,702
2,116

1,683,740
724,445
2,455,856
474,678
1, 615,295
2,087,953
714 666
1 122 014
1,233,392
3 294 082
767,292
1,663 887
1,203,408

4,829,453 1,572,075

366,488

17,164

433,172

3, 527,845

267,560

11, 901

16,160

6,952

52, 508

19,040,708

174
105
140
119
314
201
169
166
150
538
181
265
222

779,665
286,960
1,104,147
175,032
688,338
797,113
283,484
436 340
446,781
1,427, 513
315,875
660,806
537,376

2,744

7,939,430

_

Total Southern
States

111, 382
31,178
42,203
535,852
108,372
340,441

Customers' liability on
acceptances outstanding

7,778,688 2,660,933
849,805
396,133
442,424
1,471,721
37,490
218,407
418,972
103,638
223,883
18,772

151 19,313,743
91 1,687,051
221 3,400,333
400,329
17
80
638,005
384,989
7

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

208,853
89,018
140,664
1,031,395
249,928
737,874

188

Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut

InvestBalances
Real
ments
with other
Bank
estate and other
banks,
assets inincluding premises owned
owned,
other
directly
reserve
than
representbalances furniture
and
bank
ing bank
and cash
fixtures premises premises
items in
or other
process of
real estate
collection




436,353
236,228
518,133
120,926
426,956
709,996
198,192
241,602
321,727
707,517
165,262
477,166
269,395

1,590
260
72
319
912
6
287
3,186

O
O

Ohio
Indiana
__ .
Illinois
Michigan
_
Wisconsin_
Minnesota
Iowa_._
Missouri

354
313
576
294
464
509
568
549

_. «,

Total Middle Western States

2,887,897
804,488
2,566,531
2,231,766
1,292,418
704,751
1,195,600
1,951,584

3,627 13,635,035

427,074
102,925
551,052
503,072
208,987
97,277
207,076
327,086

41,346
21,705
147,210
14,959
41,936
74,989
21,901
59,513

10,868
1,392
32,049
6,574
1,415
305
1,324
18,974

108,552
43,813
68,933
82,539
49,597
26,120
39,235
61,449

970,788
293,229
1,049,717
570,422
393,860
185,803
356,944
856,597

60,204
18,494
42,879
62,711
27,968
18,270
16,645
37,229

857
559
3,657
1,963
1,029
408
426
1,162

3,258
1,781
18,672
572
6,508
76
2,741
2,164

1,265
37
10,864
85
34
334

9,200,674 2,424,549

1,684,002
803,521
2,068,094
1,371,259
927,990
519,133
630,123
1,196,552

423,559

72,901

480,238

4,677,360

284,400

10,061

35,772

North Dakota
South Dakota
Nebraska
TTansas
Montana
Wyoming
Colorado _ __
New Mexico
Oklahoma
_____

118
141
304
423
80
29
114
28
188

131,208
157, 739
283,212
559,970
186,177
57,915
360,668
102,974
244,566

173,692
160,172
193,985
365,943
143,625
50,244
168,910
73,698
163,663

63,496
25,952
28, 897
165,803
32,474
8,464
38, 844
20,407
51,486

29,329
12,022
10, 429
6,775
12, 725
973
2,217
4,833
4,842

26
171
166
518
546
100
2,167
91
136

4,861
5,068
8,659
18,015
6,412
2,278
11, 551
6,260
11,832

44, 781
59,638
98,091
212,242
76, 791
25, 951
122, 557
44,380
104,299

3,388
2,301
3,938
8,910
5,303
1,098
4,860
4,664
3,376

24
48
48
405
241
57
658
293
158

1,425

2,084,429

6,222,550
2,096,169
6,590,238
4,860,129
2,976,505
1,631,502
2,474,195
4,529,895

16,003

120,631

31,381,183

459
340
932
985
1,455
80
3,978
770
1,051

451,393
423,476
628,398
1,339,934
465,837
147,173
718,536
258,389
585,856

10,050

5,018,992

823
1,082
57,429
727
1,536
666
5,051
94
3,304

396,206
321,276
8, 581, 943
198,087
622, 541
174,487
437,312
40,582
528, 663

129
25
41
368
88
13
2,126
19
447

Total Western States-

3,384

26,439
4,225
30,580
14,207
24,763
4,036
2,180
14,201

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona...
Alaska
Hawaii

65
39
82
22
43
4
9
7
10

Total Pacific States-

281

Total United States
(exclusive of possessions)
__

8,832

Canal Zone (Panama). _
Guam
.
Puerto Rico 4
American Samoa
Virgin Islands of the
United States.—

(2)
(3)

(«)
12

Total possessions- _.
Total United States
and possessions-__

11
1

1,493,932

435,823

84,145

3,921

74,936

788,730

37,838

1,932

3,256

165,393
119,772
136,809
102,030
4,253,634 2,040,161
99,146
49, 829
299,336
157,041
87, 594
56,332
215,267
101,263
16,825
12,392
264, 662
139,054

37,946
28,279
563, 111
12,179
30,887
6,425
23,045
713
29,537

3,122
72
36,239
2,265
2,321
851
8,153
194
2,701

326
101
10,738
173
765
157
534

8,631
6,134
75,824
3,580
8,591
3,955
8,257
1,236
16, 394

53,612
41,319
1,365, 610
26,132
112, 938
14,912
65,024
8,538
59,134

5,786
5,010
96, 512
3,469
6,143
3,577
9,769
535
7,868

92
208
2,252
83
144
18
34
55
374

675
232
15,987
504
2,839

2,740

1,160

2,777,874

732,122

55,918

14,529

132, 602 1, 747,219

138,669

3,260

23,892

65, 634

70, 712 11,301,097

312,235 1,763,305 23,493,631 1,260,811

35,290

162,097 1,171,222

701,048 127,337,846

5,538, 666

57,479, 742 30, 432,837 9,183,829 1,341, 799
903
11, 570
501,263
192

105,231
1,858

41,316

10,564

19

524,435

456
7,202
81,092
3,953

25
226
7,878
6

107,089

41,316

915

114

8,317

20,559

1,052

1,546

128,166

941,895

117

25,601

623

312,254 1,788, 906 23, 586, 863 1,269,063

35,913

163,149 1,172,768

8

19,714
33,952
861, 568
6,102

1,432

8,252

19

17, 542
13,499
88, 767
41

1,052

529

10, 564

64,446

68
555

93,232

Includes stock savings banks.
One branch of a national bank and 1 branch of a State member bank in New York.
3 Branches of banks in California and Hawaii.




788
1,387
22,399
52
975

10,507

8,844 58,004,177 30,539,926 9,225,145 1,352,363

1
2

1,735

28

829,214 128,279, 741

4
Asset and liability items include data for branches of a national bank and a State
member bank in New York.
* Asset and liability items include data for branches of a State member bank in
New York.

B
3
to
C

TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. SO, 1961—Continued

to

Or
00

LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Time and
savings
deposits

Total
deposits

Rediscounts,
and other
liabilities
for borrowed
money

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 and
capital
notes and
debentures

10, 266
5,087
5,341
38, 534
7,184
25, 757

541
752
648
8,250
986
2,883

O

3

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




185,922
33, 790
74,338
1, 590,121
253,429
996,853

181,209
98,615
139,159
323,111
165,260
357,152

367,131
132, 405
213, 497
1, 913, 232
418, 689
1, 354,005

90
20
100

1,062
24
47

3,134,453

.- .-

_ _
-

._
_ _
_ _

_.

4, 398, 959

210

8,349, 245
1, 450, 601
2, 057, 839
158,806
437, 612
215, 500

35, 993, 766
3, 230,166
6,095,839
729, 482
1, 324, 957
736, 739

204, 567
1,100
10, 370

1, 094, 343
74
14, 294

100

35,441,346

_
_

1, 264, 506

27,644, 521
1, 779, 565
4, 038, 000
570,676
887,345
521,239

12,669,603

48,110,949

866, 225
410, 087
1, 514, 790
315,252
932,124
1,217,642
410, 362
759, 553
810,107
2,190,697
514,815
1,179, 723
644, 028

650,216
222,936
633, 501
107, 731
508,859
682,772
232,450
269,202
316,936
816,991
185, 540
330,133
445,886

1, 516,441
633,023
2,148, 291
422, 983
1,440,983
1,900, 414
642, 812
1, 028, 755
1,127,043
3,007, 688
700, 355
1, 509,856
1,089,914

11, 765, 405

5, 403,153

17,168, 558

8,628
1,477
3,073
78, 936
14, 490
53, 740

11, 925
2,580
6,789
61, 459
11,150
37,697

14, 590
6,840
7,507
96, 866
23,423
61, 391

160, 344

131, 600

210, 617

92,169

14,060

354
34

1,251,427
80, 447
111, 000
25, 211
19,318
18,040

1,055,086
78,167
152,153
19,644
29, 348
12, 985

1, 760, 668
129, 986
361, 573
52, 327
73, 004
27, 591

626,168
43, 461
107,947
9,602
17, 806
12,161

52, 346
5,274
10,160
91
5,198
2,400

216,137

1,109,099

1, 505,443

1,347,383

2,405,149

817,145

75,469

400
1,000
225

1,590

40, 925
18,465
49,869
19, 568
45, 673
69,453
19, 514
22,408
33,455
94,462
17,093
34,829
29,818

67,351
38,951
110, 312
20,635
63,175
65,919
26, 344
58, 684
39,205
100,202
22, 945
70,165
35,943

27,325
18, 375
27,257
7,186
26, 724
22,170
19,239
2,380
18,302
57, 940
21,861
33, 528
28, 310

1,815
3,549
6,889
1,261
12,953
4,079
1 388
1,398
3 608
13, 305
2,805
3,282
3,369

495, 532

719,831

310,597

59, 701

1,133

520
166
620

287
3,186

211
525

56
264

27,893
11,082
112, 753
2,973
25,002
24,656
5,363
7,869
11,326
16,679
2,233
11,960
15,265

4,483

6,952

275,054

466
350

260
72
319
912
6

W

i

Ohio

Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

-

_

Total Middle Western States

.

.
..

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
.
American Samoa
Virgin Islands of the United States

__

Total possessions
Total United States and possessions
* Includes capital notes and debentures.




144,423
42,656
149,303
126,964
64, 538
40,260
56, 311
126, 903

290, 548
64,863
212, 564
164,246
96,090
48, 513
84, 509
150,008

90, 774
48, 753
99,968
80,147
57, 836
39, 376
85,975
116,028

2,295
3,679
55,197
16,132
5,594
8,670
9,040
12,207

16,083

358, 510

751,358

1, 111, 341

618,857

112,814

333

1,740
1,120
3,983
4,991
4,272
625
14,608
2,110
4,592

11,170
9,091
18, 764
32,909
12, 265
1,945
22,285
7,065
16,055

14,286
12,272
22,859
51,266
12, 751
5,568
22,461
6,744
16,860

16,354
13,959
19, 905
34, 549
8,682
4,086
13,295
3,031
16,091

7,164
1,943
2,001
2,022
247
675
2,706
1,889
991

10,142

38,041

131, 549

165,067

129, 952

19, 638

10, 769
11, 219
198,978
5,578
13, 867
4,041
13,958
1,500
18,145

15,013
9,221
267, 533
6,077
20, 556
5,189
19, 629
1,160
21,613

10,050
3,385
130,994
3,100
7,144
1,868
4,626
476
10,268

839
408
5,984
429
69

5, 599,983
1,910,297
5,986,726
4,398,230
2, 726, 571
1,481,862
2,227,878
4,076, 567

550
27
1,150
165
275
1,494

16,417,220

11,990,894

28,408,114

4,106

236, 014
254, 953
459,458
854,402
281, 271
85, 393
410,058
163, 574
377,483

164, 665
130,138
99,318
355,477
146,149
48, 781
230,042
73,976
153,451

400,679
385, 091
558, 776
1,209,879
427, 420
134,174
640,100
237, 550
530, 934

2,110
4,318
200
100
3,081

1,401,997

4, 524,603

150,116
138,110
3, 547,737
62,864
230,261
78,910
134,290
14, 709
225,100

354,469
293,572
7, 770,882
180,168
571,611
161,166
388,858
37,071
468,288

5, 643, 988

-_- . - - - -_

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

3,394

92,817
25, 884
75, 046
74,248
24, 692
12,322
10,207
43,294

2,453,781
745,775
2,335,038
2,462,954
1,332, 758
724,358
757,450
1,178, 780

204, 353
155,462
4,223,145
117,304
341,350
82,256
254, 568
22,362
243,188

._

3,146,202
1,164, 522
3, 651, 688
1,935,276
1, 393, 813
757, 504
1,470, 428
2,897, 787

3,122,606

.-

Indiana

4, 582,097

75, 525,018

445

1,265
37
10, 884
135
34
334

95

1,160

5,038
3,321
136,116
2,735
9,094
2,223
9,241
35
7, 639

10,226,085

7,155

65,934

175,442

278,055

365,991

171,911

242,233

1,199,201

2, 512,834

3,135,477

4,977,996

2,140,631

292,206

1,432

43,250
100

16,237
85

3,744
33

5,296
31

114

8
690
43, 708
26
295

28
150
6,710

64,746

200

1,000
340
1,455

15,139
13,009
374, 516
3 799
10,163

4,567
20,253
361,335
2 028
9,987

19, 706
33,262
735,851
5 827
20,150

12,050

416,626

._

8

10,524

37, 312,250 112,837,268

i

398,170

814, 796

12,050

1,546

44, 727

43,350

16, 322

3,777

5,327

37, 710,420 113,652,064

254,283

1,200,747

2, 557, 561

3,178,827

4, 994,318

2,144, 408

O1
tr
tr1

297,533

75,941,644

B
o

(See classification on pp. 262 and 263.)
CO

TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec, 30, 1961—Continued
[In thousands of dollars]

to

Loans and discounts
Real estate loans
Location

Maine
_New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States

Loans to financial institutions

Secured Secured
To doby
by resi- Secured mestic
farm
comdential
by
land
merproper- other
(inties
proper- cial
cluding
and
(other
ties
imforeign
than
provebanks
farm)
ments)
4,388
1,845
7,327
1,518
255
1,917

56,806
54,350
57,095
121,839
47,383
187,400

27,776
13,647
17,504
87,793
29,796
50,585

17,250

524,873

227,101

721

Other

Loans for purchasing or carry- Loans to farmers Commering securities
All
cial and All other
indusloans to other
Directly Other
trial
individ- loans
guaran- loans to loans
(inuals for
To
teed by farmers (includ- personal cluding
brokers
the
(exand
Other
overCom- cluding ing open expendi- drafts)
dealers
tures
modity loans on market
paper)
inseCredit
curities
real
Corporation estate)

5
1,531
1,250
600

2,687
4
362
78,582
12,701
20,732

550
34,335
3,773
7,507

4,107

115,068

686

30,618
483,532
14,259
106,935
2,525
5,036
4,578

12,610

77,683 2,728,964 1,043,160 390,556 1,868,709 2,066,203
6,024
647
38,649
2,786
5,710
9,010
97
7,514
793
2,476
2,113
20,461
1,269
97, 549

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

28,422
9,903
35,913
12,193
43,763
21,390
24,684
38,628
24,724
18,452
26,282
63, 512
51,018

166,484
83,954
107,973
33,867
132,557
112,162
50,164
45,322
86,336
88,728
39,538
111,091
98,256

54,105
27,079
67,048
14,147
42,915
82,078
21,081
25,821
54,586
70,007
25,105
43,861
33,170

2,050
100
726
324
116
120
523
2,000
216
2,832
3,692
40

17,882
4,376
66,965
3,797
26,580
20,037
2,564
14,570
13,415
24,492
6,355
32,216
7,469

398,884 1,156,432

561,003

12,739

240,718




Less
valua- Net loans
tion
reserves

o
o

55,263
6,937
23,645
409,116
90,788
218,687

56,794
10,981
27,022
285,194
58,496
234,868

2,377
651
1,018
9,138
11,002
14,756

213,094
89,345
143,117
1,050,986
255,685
751,564

21,190

46,851

24,182 1,301,170
565,708
2,938
564,326
24,993
73,259
10,426
157,734
15,144
66,767

Total
gross
loans

4,782
590
8,331
3,120
124
4,243

814
340
258
18,820
117
10,269

545,524 348,586 1,536,024 1,872,835
55,299
4,946
137,799
65,745
93,148
233,020 15,659 205,370
9,939
22,749
29,243 15,100
29,658
72,225
7,088
6,265
32,419
4,638
25,349

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

8

804,436

673,355

38,942

2, 503, 791

W

4,241
327
2,453
19,591
5,757
13,690

208,853
89,018
140,664
1,031,395
249,928
737,874

46,059

2,457,732

407
116

58,286 10,064,835 2,497,887 1,018,325 19,763,796
3,859
499,741
30,329 1,736,122
355,499
23,184 1,126,231 1,017,470
77,018 3,487,761
404,488
6,913
5,756
136,792
91,670
649,930
10,613
11,836
186,441
147,890
62
140,799
6,047
386,773
106,114

450,053 19,313,743
49,071 1,687,051
87,428 3,400,333
4,159
400,329
11,925
638,005
1,784
384,989

616,865

13,133

102,983 11,892,239 4,479,130 1,149,245 26,428,870

604,420 25,824,450

9,849
5,411
21,070
6,125
8,319
14,547
2,766
8,761
3,119
35,811
5,326
7,171
4,473

60

3,063
11,493
6
4,408
15,296
4,199
44,447
24,296
1,474
9,739

132,748

119,466

8

985

285,826
105,632
370,668
54,285
206,018
272,177
101,084
87,809
122,284
464,923
69,608
183,078
196, 506

11,697
4,338
20,688
2,034
10,648
15,531
5,557
8,508
11,311
13, 564
3,684
10,965
7,671

789,361
292,114
1,129,373
178,424
699,824
815,538
289,476
448,744
457,485
1,448,427
319,602
670,749
546,609

9,696
5,154
25,226
3,392
11,486
18,425
5,992
12,404
10,704
20,914
3,727
9,943
9,233

779,665
286,960
1,104,147
175,032
688,338
797,113
283,484
436,340
446,781
1,427, 513
315,875
660,806
537,376

462,199 2,257,894 2,519,898

126,196

8,085,726

146,296

7,939,430

26,978
5,043
33, 516
9,559
30,621
20,998
23,152
38,589
17,626
134,809
35,142
47 858
38,308

179,984
45, 631
365,172
36,568
180,876
247,486
53, 799
157,403
117,092
550,502
79,321
145,370
98,690

1

59,651
Ohio
52,027
Indiana
_
38,775
Illinois
50,195
Michigan
_
_
83,924
Wisconsin
37,497
Minnesota
62,569
Iowa
63,014
Missouri
Total Middle
Western States
447,652
North Dakota
15,325
5.443
South Dakota
6.876
Nebraska
21.052
Kansas
3,407
Montana
1,743
Wyoming -2,562
Colorado
2,394
New Mexico
7,991
Oklahoma
Total Western States. 66,793
4,436
Washington
4.124
Oregon
38,499
California - - 1 516
Idaho
5,243
Utah
_ _ —
1,015
Nevada
414
Arizona
- 160
Alaska
2,572
Hawaii
—
Total Pacific States.. 57,979
Total United States
(exclusive of possessions)
- 1,066.241

Canal Zone (Panama)
Guam
Puerto Rico
_ American Samoa
Virgin Islands of the
United States
Total possessions
Total United States
and possessions

715,926
225,890
414,325
693,315
374,291
176,099
185,108
389,430

9,491

76,824
6,045
36, 565
25,385
22,281
6,030
8,647
30,367

51,933
17,310
66,957
34,656
28,595
8,205
16,156
26,155

110,810
7,880
199,077
112,653
40,063
6,641
34,275
117,826

92,980
1,296
133,639
16,849
4,891
411
6,305
60,319

119,767
4,218
113,633
55,982
12,170
4,793
7,154
33,914

3,174,384 1,061,171

41,487

629,225

316,690

351,631

61

15
10
22
346
1,960
750
580
20

579
301
256
4,414
1,029
333
9,117
858
1,290

5,214
8,398
32,435
68,268
3,766
492
2,771
730
18,098

53,416
83,035
143,591
180,210
47,760
17,361
45,347
14,699
55,207

11,346
15,307
37,481
98,167
35,967
11,670
91,114
33,001
56,679

18.366
19, 224
39, 218
105,123
41,942
9,263
124,834
29, 742
75,874

1,790
1,113
1,420
3,433
2,804
299
15.595
991
1,713

134,933
161,163
288,098
565,435
190,748
58,559
367,076
105,633
247,667

3,725
3.424
4,886
5.465
4,571
644
6,408
2.659
3.101

131,208
157, 739
283,212
559,970
186,177
57,915
360,668
102,974
244,566

3,703

18,177

140,172

640, 626

390, 732

463, 586

29,158

2.119,312

34,883

2,084,429

297
3,388
3,554
316,814
59, 625
977
15.368 . . 1,736
1,840
7.682
550
159
758
4.827

665
145
42,445
424
1,896
17
39
29
8,480

3.432
449
9
956
3

48, 769
13, 011
39, 440
10. 958
106, 547 1.416, 665
25 053
28, 763
21,176
84,028
5.819
31,783
69,092
9,581
5,871
581
64. 446
3,730

38,091
33.885
798.011
24 749
72, 234
18.057
83,608
4,275
51,187

1.018
3.114
46,839
424
1.772
1,068
2.338
91
6,730

168,091
138,906
4, 324,183
100,870
304,549
88,802
217,399
17,162
265,999

2.698
2,097
70,549
1.724
5.213
1.208
2,132
337
1.337

165,393
136,809
4,253,634
99 146
299.336
87, 594
215,267
16.825
264,662

62,966

54,140

4,872

200,166 1, 785,147 1,124.097

63.385

5,625,961

87, 295

5,538.666

5,863

24,266
20,477
16,425
60,447
40,158
10,993
36.467
10.842
17.699

4,370
6,889
7,062
18,833
8,666
5.170
24,474
10, 771
11,843

30

185
966
3,312
5,137
3,289
485
11,893
1,585
1,243

237.774

98,078

2.418

28,095

40,007
28,435
1,090, 502
12,419
74.840
13,886
35,172
3,147
84,425

14.955
14. 799
377.100
5,589
26, 253
15,317
8,067
2.849
38,844

22
3
31,136

1,382,833

503,773

31,994

5
2,322

833

354, 609

709,953
135,286
779 613
408,823
287,182
87,438
176,870
486,557

673,573
223,434
564,823
626,745
244,060
147,302
196,143
449,050

188,594 1,265,172 3,071,722 3,125,130

23

2,939,830
821,798
2,633,488
2,266,422
1,321,013
712,956
1,211,756
1,977,739

212,144 13,885,002

2,887,897
804,488
2,566,531
2,231,766
1,292,418
704,751
1,195,600
1,951,584

249,967 13,635,035

B
3

O
O

1
3

9. 205,260 3,494,286 483,301 3,236,424 2,593,962 1,204.179
1.890
81, 554

39
20,972
29

466,237 2, 692,336 20.202,170 12,385,196 1.619,070 58,648,662 1,168,920 57,479,742

88,257

23, 543

5,751

14,158

14,158

514

514

13,194

360
3 665
244,327

309
5 678
107,837
191

234
290
7,225
2

903
11,570
505,015
222

1,923

8
13,186

2,503

5,751

1,075,732 9.293,517 3.517.829 489,052 3.250. 582 2,593.962 1,204.693




67,465
101,653
178,951
86,339
110,540
177,117
408,092
135,015

15,173
3,990
1,550
4
100
14,807

4,813

9,491

3,427
4,941
22,126
1,272
28
27,453
68,706
60,641

303,591
59,128
136,788
184,874
140,033
42,171
57,787
136,799

1,256

12

10,507

250, 275

115,271

7,763

528,217

3,752
30

903
11 570
501, 263
192
10,507

3,782

I

524,435

466,237 2,705,530 20.452,445 12, 500, 467 1,626,833 59,176,879 1,172,702 58,004,177

O

to
to

TABLE NO. 45.- - Assets and liabilities of active State commercial banks, Dec. 30, 1961—Continued
[In thousands of dollars]
Demand deposits

Capital
Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
_ _ _.
_
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
"West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentuckv
Tennessee
Total Southern States




Capital
Preferred
notes
Common
and debenstock
stock
tures

IndividBanks in U.S.
States and
Foreign
U.S. Gov- political
uals, part- governments,
nerships,
subdiviernment
Commercial Mutual
and corpo- central
sions
savings
rations banks, etc.

Banks in
foreign

countries

Certified
and officers'
checks,
etc.i

3,129
588
1,826
27,324
4,725
11, 594

11,825
2,505
6,611
61,259
11,150
37,697

100
75
178
200

149,996
24,956
57,268
1,296, 916
213,927
835,083

7,237
1,169
2,274
53,221
10, 282
38, 842

20,471
6,750
11, 759
134, 797
14, 352
79,488

3,042
242
1,189
44, 290
1,947
11,811

2,047
85
22
31, 630
7,359
20,035

131,047

553

2, 578,146

113,025

267, 617

62, 521

61,178

2,780

49,186

753, 018
161,117
149,132
35,815
69,097
28

3,390, 276
43, 715
341, 294
6,880
34, 536
21,354

429,391
5,232
24, 284
3,276
2,834

801,249
446
13,616
17
958
1,706

2,191, 565
31, 336
68,006
3,807
8,979
8,031

465, 017

817,992

2, 311, 724

25

15, 200
4,997
14, 591
1,932
9,307
17, 551
2,878
5,357
8,913
46 660
4,090
13, 011
6,300

44,676
5,465

1, 294, 597

50,141

39,865
18 465
49,847
19, 518
45,496
69,003
19, 514
22, 298
33 438
94 462
17! 093
34 779
29,818
493, 596

18, 479, 480
1,467,100
3,303, 773
488, 883
744,404
474, 740

418,541
18
918
16
2,044

1,181,001
70, 601
136, 977
31, 998
26, 521
13, 336

2,645

24, 958,380

421, 537

1,460, 434

1,168,207

3, 838,055

1,060

1,010,410
70,092
152,143
19, 644
29, 323
12,985

669,145
324,362
1,100, 209
254, 825
725,882
985, 069
315, 720
534,061
530,030
1,814 630
421, 655
861,805
516,489

22,161
12,061
46,869
10, 710
30, 857
25,637
9,984
12,251
10, 571
32, 363
7,812
24,960
12,418

93, 497
49, 615
125,068
32, 821
103,420
152,999
76, 753
147,482
177,631
185 763
59,420
116,475
91,033

66,197
19,052
227,875
14,964
62,350
35, 569
5,027
60, 399
82, 962
110 481
21,832
163, 426
17, 788

258, 654

1,411,977

887,922

2,610
10
25

22
50
177
450
110
17
50
177

1,759

9,053,882

48

6

54

1,943
837

178
308
769
3
800
46
2,129

150, 787

13

W
Q
Q

3
o

io

liana
nois

chigan
sconsin
nnesota
va,

..

ssouri
Total Middle Western States,.
rth Dakota
ith Dakota
_
braska
__
_
nsas
mtana
,
coming
lorado
w Mexico
_
__
_
lahoma
_
Total Western States
_._
ishington
3gon
lifomia
iho
___
ah
vada
izona
iska._ _
waii

__
_ __..

Total Pacific States.

nal Zone (Panama)
am
erto Rico
lerican Samoa
__
_
•sin Islands of the United States._
Total possessions

_

Total United States and possessions.
1

133.251
9,069
291, 744
54, 287
52, 988
4,859
26,135
385, 596

3,462

791
144

8,180
1,733
272
2,240

45,396
14,638
68,125
47,150
24,965
14, 768
23,549
27,237

298

538,925

1,438,637

957,929

1,371

15, 887

265,828

174,845
212,188
395,747
611,719
213,457
68,030
318, 575
125,299
306, 723

3,233
4,008
12,321
16,854
5,213
1,044
10,634
3,960
5,812

52,408
33,274
42,041
200,457
39,096
14, 793
39, 679
29, 744
49,214

3,427
3,129
5,080
16,477
19, 519
696
35,311
1,949
7,277

5

2,101
2,354
4,269
8,895
3,981
830
5,859
2,622
8,457

2, 426, 583

63,079

500,706

92,865

5

39,368

8

1,990
17
38,360

o1
tr

100
244

175

363
832
250

2,620,285
929,340
2,959,964
1, 547,263
1,161,708
607,166
1,224,885
2,147,734

250

650
1,890
2,000
255
425
150

744,024

1,789

5,545

13,198,345

11,170
9,091
18, 764
32,909
12,265
1,845
22,285
7,065
16,055

100

131,449

100

10, 769
11,219
198,103
5,578
13,867
4,041
13,958
1,500
18,145

875

3,071, 893

20

26,146
19,894
159,876
20,658
61,075
6,091
39,248
6,298
36,944

4,979
3,150
199,993
1,718
30,037
1,345
4,943
412
2,369

1,521

3,816
2,597
107,493
2,637
6,139
3,455
5,373
389
7,933
139,832

2
39
629
88

52,107

4, 633, 539

5,478

196, 648

376,230

248, 946

757

11,477

56,848, 875

427,367

2, 630, 765

5,163,374

6,088,238

528,323

881,351

2,956, 725

19

51
150
15, 715
8
124

7,295
7,470
276, 308
316
6,032

6
14

7,774
2,663
6, 413
133
847

2,720
62,712
3,227
3,031

13,229

52,107

11,477

139
101

129

297, 421

43,350

20

17,830

71, 690

57,146, 296

427,387

2,648,595

5, 235,064

6,101,596

259

13,358

Includes dividend checks, letters of credit, and travelers' checks sold for cash.




5,458

4,541
4,524
150, 641
2,570
8,011
2,676
5,837
525
17,323

229
293
147

42, 558

43,250
100

3,115,243

162, 652
124,987
3, 561,177
89, 721
236,086
68, 650
198, 538
14, 650
177,078

34

875

277,180

Total United States (exclusive
of possessions)

203, 935
177,379
188,843
219,675
113,109
111, 380
160,164
264,152

436

14

139,187
34,096
134,007
65,168
40,613
19,331
35, 695
70, 828

144,148
42,412
148,653
125,074
62,175
39,173
55,886
126, 503

528,323

16,048

881, 610

2,972,773

8
GO

TABLE NO. 45.—Assets and liabilities of active State commercial hanks, Dec. 30, 1961—Continued
[In thousands of dollars]
Time and savings deposits

Location
Savings

_

3,145
589
1,358
21,078
20,796
8,590

Postal
savings

Banks in U.S.
States and
political
subdiviCommercial
sions
Mutual
savings

893
764
1,636
11,482
4,569
3,353

13
122
25

1,079

160

22,697

450

100

183

105,836
100
1,938

146,345
10

66,896
25
400

17

425,162
35,425
68,016
12 671
24,320

146,355

67,321

150
300

_

_

_.

682

55, 556
1,278,151

3,461
35
6,683
14, 786

1, 930,801
65,191
192,093
21,297
15,558
34,946

4,314

20, 861
396
1,369
365
1,728
7,776

24,965

2,259,886

1,296,323

32,495

552

565, 594

108, 579

555,818
212, 674
463,889
82,511
382,848
547,839
211,181
183,813
277,804
550,432
157,499
223,127
336,319

Total Eastern States—

Banks in
foreign
countries

17
6
28
553
460
15

8,167, 533

nnsylvania
jlaware..
aryland
strict of Columbia




198
17
452
15

U.S. Government

4,375 010
1,349,454
1,776,352
124, 438
388, 601
153, 678

Total New England States..
;w York

Total Southern States

176,956
97,239
135, 535
289,570
139,313
345,169
1,183,782

aine _
;w Hampshire
rmont
assachusetts
lode Island
tnnecticut

rginia__
_
est Virginia
>rth Carolina.
uth Carolina
orgia
orida
_
abama
ississippi
uisiana
xas
kansas
,ntueky_
nnessee

Other
Accumu- deposits of
Foreign
lated for individuals,
governpayment of partnerments,
ships and
central
personal
corporabanks, etc.
loans
tions

970
1,711
16,867
2
322
2,865
217
1,286
1,683
75,232
557
16,186
3,102

31,254
7,332
50,331
5,353
66,859
30,336
15,567
78,221
24,935
100,282
25, 482
67,391
82,367

3,353
45
5,145
1.087
2,432
391
343
51
1,041
174
62
1,229
205

926
138
2,218
5
431
914
34
321
12
421
11
58

55,916
937
93, 916
15,933
52, 580
99,192
4,913
1,116
10,209
89,559
1,439
22,116
23, 578

1,979
99
1,135
2,840
1,387
1,235
195
4,715
943
1,300
80
73
257

4,185,754

121,000

585,710

15, 558

5,489

471,404

100

16, 238

13,858

2,000

2,000

352

705

- i

-

-

•

•

-••

•

-

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
_
American Samoa
Virgin Islands of the United States
Total possessions
Total United States and possessions




635
143
39
16
153
164
136
491

111,211
17, 562
82, 317
123, 944
36,042
25,093
2,248
66,643

320
1,580
1,126
316
61

2,030

780
198
102
1,302
65
41
28
1,101

13,995

3,617

1,777

465,060

3,553

2,038,084
594,054
2 002,068
2,147, 651
1 048,162
384, 452
518,553
841, 587

160,076
92
11,972
115
361
171
4,835
2,081

142,325
132,146
225,349
189, 610
247,914
314, 437
231, 635
264, 712

9,574,611

179,703

1,748,128

49 312
54, 580
65,450
260,394
114,019
39,795
187,428
52,092
126, 734

199
2
12
3,470
464
12
108
35
3,502

64 729
62,862
32,105
49,937
23,122
2,782
14, 576
7,613
15,905

35
19
28
90
206
61
10
1,425
1,130

949,804

7,804

273, 631

3,004

142, 701
109,024
2,844,866
59,381
196,173
52, 429
109,155
7,235
121 016

17
9
88
6
4

5,306
5,074
236,231
3,335
4,848
4,488
8,963
335
44,687

30

11,965

15,887

350
100

15
135

273
10

50,390
12,638
1,713
41,492
8,336
6,126
27,895
12, 538
5,840
166, 968

455

n
Q

330

331

450

7
10
24
2
5

20
70
4,012
23
62
10
25
110
1,965

7
437

22
23,833
424,317
19
28, 464
21,983
16,117
7,022
56, 508

19
10

30
70
25
O
O
50
100
7,010
100
700

2,000

300

15,007

g
o
F
F

487

3, 641,980

154

313,267

15,887

6,297

473

578,285

8,397

350

17,007

27, 703, 464

334,308

5,236,178

1,328,205

62,050

8,782

2,270, 008

137,672

146,805

84,778

7

4,187

350
2,530
107, 926
58
145

3,135
2,748
11,094

50

o

1,082
9,483
202,097
455
6,074

1

29

5,485
35,299
1,515
3,738

d

682

219,191

4,188

111, 009

7

17,006

50

46,037

682

27,922,655

338,496

5,347,187

1,328,212

79,056

8,832

2,316,045

138,354

146,805

84,778

to

TABLE NO. 46.—Assets and9,', abilities of active mutual savings banks, Dec. 30, 1961

to

ASSETS
[Dollarfiguresin thousands]

o
Balances

U.S.
Loans and GovernN u m - discounts, ment obber of including ligations,
overbanks
direct and
drafts
guaran-

Location

teed

Obligations of
States
and political
subdivisions

with other
Corpobanks,
rate
Other
stocks,
bonds, including Currency including
reserve
notes, and stocks of and coin balances
deben- Federal
and cash
tures
items in
Reserve
process of
banks

Real
estate
premises owned
other
owned,
than
furniture
bank
and
fixtures premises
Bank

collection

Maine
New Hampshire
_ _
_
Vermont
Massachusetts
Rhode Island
Connecticut
_
Total New England
States
Now York
New Jersey
Pennsylvania
Delaware _ _
Maryland
Total Eastern States .
Ohio

Indiana
Wisconsin
Minnesota
Total Middle Western States
Washington _

Oregon
Alaska—

_

Total Pacific StatesTotal United States
(exclusive of possessions) _ -

Virgin Islands of the
United States

Total United States
and possessions




32
33
6
184
8
71

272, 967
448,021
117,096
4, 473,129
410,108
2,037,332

334

Investments
and other
assets indirectly
representing bank
premises
or other
real estate

Customers' liability on Other
acceptassets
ances outstanding

Total
assets

97,136
130,127
15,098
1, 748,162
74,012
405,833

14,723
6,164
477
53,292
5,561
32,572

68, 429
32, 516
2,786
320, 650
75,498
321,755

25,950
35, 587
1,169
244,417
27,090
135,217

3,063
1,920
592
25,872
2,716
13, 850

13,231
13, 906
3,677
89, 829
12,064
55,028

3,359
7,899
1,126
42, 718
4,210
21, 763

550
1,041
31
5,041
57
1,100

419
1,124
128
24,449
779
5, 234

499,827
678,305
142,180
7,027, 559
612,095
3, 029, 684

7,758,653

2,470,368

112,789

821, 634

469, 430

48,013

187,735

81,075

7,820

32,133

11,989,650

127 18, 407, 861
21
977, 419
7 1,188,169
68,800
2
347,039
6

2, 793,079
244,148
302,029
19,245
133, 603

387, 697 2,145,452
34, 658
216,800
708, 559
91,468
74, 569
11, 779
95, 571
10, 549

345,066
21,650
34,334
8,223
8

78, 755
7,983
9,399
281
2,840

489, 495
35, 937
31,342
5,942
13,180

166,279
13,507
12,394
1,888
3,293

14, 413
237
1,153
147
263

227,837
10,035
12, 614
10
41, 414

25,055,934
1, 562,374
2,391, 461
190,884
647, 760

163 20,989,288

3,492,104

536,151 3,240, 951

409,281

99,258

575, 896

197, 361

16,213

291,910

29,848,413

2
4
4
1

15, 864
36,002
15,306
243, 837

6,607
19,962
8,244
42,257

637
2,432
1,782
20, 663

3,262
2,005
1,016
41, 298

656
43
14, 495

238
417
251
637

1,174
3,073
1,791
4,021

1,159
316
134
2,035

168
143
17
28

63
450
45
1,659

29,828
64,800
28, 629
370,930

11

311,009

77,070

25,514

47,581

15,194

1,543

10,059

3,644

356

2,217

494,187

4
1
1

297,903
36,277
83

90,189
6,402
174

2,440
335

44,878
3,371

270

932
348
15

11,212
1,312
100

1,921
376
18

12
95

1,148
484
5

450,905
49,000
395

6

334,263

96, 765

2,775

48,249

270

1,295

12, 624

2,315

107

1,637

500,300

514 29,393,213

6,136,307

677,229 4,158, 415

894,175

150,109

786,314

284,395

24, 496

327, 897

42,832,550

5

1

16

58

1

22

278

677,229 4,158, 420

894,176

150,125

786,372

284,396

327, 919

42,832,828

1

175

515 29,393,388

6,136,307

24,496

W

i

i
t-1

in
j

LIABILITIES

Demand
deposits

Location

Maine..
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States

_ _

1,405
1,452
416
11,611
2,090
22,260

440,860
595,726
127,998
6,203,951
549,686
2,709,998

442,265
597,178
128,414
6,215,562
551,776
2,732,258

50
2,755

161,695

646, 750

441,422

68,651

1,610,212
88,242
133,458
20,511
32,480

387,165
1,540
936
325
21,157

146,183
39,336
51,639
286
100

874

2,183
7,394
1,905
121,159
11,287
17, 767

Surplus *

Undivided
profits

29,809
36,706
5,769
383,950
40,939
149,577

23,379
29,873
4,999
272,652
7,657
102,862

Reserves

2,141
4,399
1,093
34,236
436
26,346

10,667,453

22,382,664
1,387,026
2,178,908
169,331
575,128

22,551,147
1,416,857
2,185,146
169, 607
585,372

6,460

300

354,767
16,399
20,282
155
8,351

26,693,057

26, 908,129

6,760

399,954

1,884,903

411,123

26,536
53,147
26,098
341,388

26,652
58,364
26,221
342,551

503
40
105
1,814

2,275
4,905
2,096
19,000

298
748
199
725

100
743

6,619

447,169

453, 788

2,462

28,276

1,970

7,691

4,806
613

407,300
44,661
149

412,106
45,274
149

1,676
831
1

26,114
1,332
175

4,395
795
70

6,614
68

700

s
6,840

5,419

-

8

237,544

116
5,217
123
1,163

_
_

10,628,219

3,679

215,072

Total United States (exclusive of possessions)
Virgin Islands of the United States..

452,110

457,529

700

2,508

27,621

5,260

6,682

266,344

38,220,555
202

38,486,899
202

11,139

566, 619
1

2,587,550

859,775
75

320,568

266,344

38,220,757

38,487,101

11,139

566,620

2,587,550

859,850

320,568

i Includes guaranty fund and capital notes and debentures of $250,000 for banks in the State of New Hampshire.




Other
liabilities

39,234

___ _

Total United States and possessions

Total
deposits

168,483
29,831
6,238
276
10,244

New York
New Jersey
Pennsylvania
Delaware _ _ _ . _
_
Maryland..
_
Total Eastern States..
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States.
Washington
Oregon
Alaska.
.
Total Pacific States

Acceptances
Rediscounts executed by
or for
and other
liabilities for account of
reporting
borrowed
banks and
money
outstanding

Time and
savings
deposits

I
to

TABLE N O . 46 —

and liabilities of active mutual savings banks, Dec. SO, 1961—Continued

8

[In thousands of dollars]

Loans and discounts
Real estate loans
Secured

Location

by
farm
land
(including
improvements)

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island - Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland

-- _
• - --

Total Eastern
States
_
Ohio
Indiana

Wisconsin
!Minnesota
Total Middle
Western States...

Secured
by residential
properties
(other
than
farm)

Loans for purchasing or carrying securities

Loans to financial institutions
To domestic

Secured commerby
cial
other
and
properforeign
ties

Other

banks

233,996
1,314
339,721
3,545
88, 720
3,816
4,497 3, 916,368
384, 997
154
5,089 1,880,464

25,364
86,536
14,674
463,892
16,558
113,914

18,415 6,844,266

720,938

765

5,668

9,390 18,947,562 1,960,286
3,780
2,492
126
16,343

9,724
27,208
13, 575
211,484
261,991

10,234
12,305
4,726
91,963
5,968
38,139

850
1,975
1,339
5,839
1,512
453

273,155
449,319
117,311
4,486, 973
415,262
2,042, 816

11, 968

Less
valua- Net loans
tion
reserves

188
1,298
215
13,844
5,154
5,484

•272,967
448,021
117,096
4,473,129
410,108
2,037,332

4,569

2,231

16,987

163,335

7, 784, 836

26,183

7,758,653

1,721
53

2

94,559

1,026

115,514
5,233
2,257
309
24,133

1,070 18,578,103
980,414
24
1,213, 939
69,029
350,664
2,071

170,242
2,995
25, 770
229
3,625

18,407,861
977,419
1,188,169
68,800
347,039

2

98,005

147, 446

3,165 21,192,149

202, 861

20,989,288

34

145

154
121

1,796
712
117
238

6
160

16,424
36,280
15,307
247,337

560
278
1
3,500

15,864
36,002
15,306
243, 837

34

145

275

2,863

166

315,348

4,339

311,009

359
44

37

2,420

464

481

2,504

15,866

27,133




982
3,791
2,182
2,878
5,806
1,348

Total
gross
loans

8
374
1,812

300

5,668

All
other
loans
(including
overdrafts)

362
158
42
1,177
223
2,607

400

964
5,408
1,489
19,272

22,741

Other
loans to
farmers
(excluding
loans on
real
estate)

Other
loans to
individuals for
personal
expenditures

400

1,740

45
514

765

Other

Directly
guaranteed by
the
Commodity
Credit
Corporation

Commercial and
industrial
loans
(including open
market
paper)

15,866

962

6,966 16,539,668 1,795,329
900,969
74,045
90
50,014
940 1,158,008
56,454
11,518
748
292,463
29,380
646

To
brokers
and
dealers
in securities

o

Loans to farmers

=

=

2,255

ington
»n
a

710

254,133
32,423
83

41,018
3,574

2

1,305
326

835

298,003
36,323
83

100
46

297,903
36,277
83

Total Pacific States.

710

286,639

44,592

2

1,631

835

334,409

146

334,263

16,134 29,626, 742

233,529

29,393,213

^

175

§
^

29,393,388

Q

TotalUnitedStates
(exclusive of possessions)
i Islands of the
ited States

51,256 26,340,458 2,752,949

TotalUnitedStates
and possessions--

51,256 26,340,609 2,752,949

6,433

3,466

16,266

6,860

2,378

115,267

315,275

24

151




6,433

3,466

16,266

6,860

2,378

115,267

315,275

175

16,158 29,626,917

233,529

fel

o
o

I
o

d

3
o

to
o

TABLE N O . 46.—Assets and liabilities of active mutual savings banks, Dec. 80, 1961—Continued

to

[In thousands of dollars]

3
Demand deposits

Location

Maine

-_,. __.. .

,

New Hampshire
Vermont
.. . _
Massachusetts^
Rhode Island
Connecticut

»

_

Individuals, Foreign govpartnerships, ernments,
central
and corporabanks, etc.
tions

„_..

.. ,

- - _

_

..............

Ohio

~^~

--

-

-

- -

_>

..-

_.._^__..___..

Total Middle Western States
Washington
Oregon
Alaska

_.
_ ~ - ..

_._

_

..
~ -

>^»>^..>

_

_

Total Pacific States

Total United States (exclusive of possessions)
Virgin Islands of the United States
Total United States and possessions

1 141
1,394
394
10,932
1,987
21,369

90
31
14
581
29
428

1
5
1
35

4
1

174
27
7
89
73
427

1,173

42

5

797

4,353
253
535
22
105

437
285
23
4
16

15
25

945
3,104
97

5,268

765

40

5,591

5
112
1

1
1,188

4,901

118

1,189

4,732
607

73
6

1,445

O
O

I

33
277
101
411
1

1

5,339

79

250,865

6,638

1,996

46

6,799

250,865

6,638

1,996

46

6,799

i Includes dividend checks, letters of credit, and travelers' checks sold for cash.




Certified
and officers'
checks, etc. 1

77
3,640
21
1,163

> . .. _

..

...

..

Mutual
savings

Commercial

g
Banks in
foreign
countries

162, 733
26,164
5,583
250
8,678

. . . . . .

Total Eastern States...
Indiana
Wisconsin
Minnesota

Banks in U.S.

37,217

_

„-....,.•,.

Delaware
Maryland

States and
political
subdivisions

203,408

^

Total N e w England States
N e w York^ _ .
N e w Jersey
Pennsylvania

U.S. Government

o

Time and savings deposits

Location

Savings

»__
..

.. „

----..-_«»„_

Total New England States
York
Jersey
sylvania
svare
rland

-

» «.

-

.. -

> _ » .. „ „ .. .. i

„-___

- ~. _
,. . >

Total Eastern States
na
snsin
lesota

•

^

„ ..

•

•

8,224
122
252

173
10

8,598

183

7

183

7

1,687

g

13
7
20

2,679
1,464
205

526

526

Banks in
foreign
countries

191

1,038
515
134

Mutual
savings

279

4,348

22,379,985
1,377,165
2,178,571
169,079
575,120

444,746

«

5,917

7,402

24, 972
52, 619
25,767
341,388

Total Middle Western States

Commercial

12

70

26,679,920

-..._......

Banks in U.S.

59

21

_ 10,614,492

.. _ _ ^ ..

-

States and
political
subdivisions

98
90
16

47

49

.. „

Postal
savings

2,132
601
1,161
185
583
1,255

1,460
99
977
668
1,486
2,712

437,074
594,936
125,844
6,203,098
547,617
2, 705,923

L6

Hampshire
Lout
achusetts
le Island
Lecticut

Other
Foreign
Accumu- deposits of
lated for individuals, governU.S. Govments,
ernment
payment of partnercentral
personal ships, and
corpora- banks, etc.
loans
tions

75

O
O

o

8

o

407,200
44,287
107

45
11

188
10

55
186
21

„ .. ..

451,594

56

198

262

Total United States (exclusive of possessions)
n Islands of the United States

38,190, 752
202

596

11,989

66

16,400

752

._ 38,190,954

596

11,989

66

16,400

752

lington

- -

)n
:a

-

- - . » • « » •

- - - - .. ^

Total Pacific States

Total United States and possessions.




to

to
to
TABLE N O . 47.—Assets and liabilties of active private banks, Dec. SO, 1961
ASSETS
[Dollarfiguresin thousands]

Obliga-

Num- Loans and
ber of discounts,
banks including
overdrafts

Location

Connecticut

_

_

New York
Pennsylvania
Total Eastern States
Georgia
Texas
Total Southern States...
Indiana
Iowa
Total Middle Western
States
___
Total United States




U.S. GovOther
tions of
ernment
bonds, Corobligations, States
notes, porate
and
stocks
direct and and politguaranteed ical sub- debendivisions
tures

Currency
and

coin

InvestBank
ments
Customprem- Real
estate and other ers' liaises
owned, owned assets in- bility on
directly
accept- Other
furni- other
than representances
assets
ture
and
bank ing bank
outfixin process
prem- premises standing
of collecises
or other
tures
real estate
tion

Balances
with other
banks, including reserve balances and
cash items

1

1,361

527

23

30

4

84

363

71

2
5

105,456
5,104

37,698
5,434

78,670

8,107

407

39
159

89

310
414

77, 542
1,246

1,266
70

6

55

7

110,560

43,132

79, 077

198

8,196

724

78, 788

1,336

6

55

3

3,876

63

49
1,126

51
222

455
726

4,635
7,277

258
489

16,452

8,370

3,939

1,175

273

1,181

11,912

747

2 576
3,168

325
352

2
10

94
189

643
2,472

38
38

336, 786
12,989

23,414

4,289

349,775

80
71

13,146
31,141

151

44,287
5,689
12,369

87

2 007
6,131

2,466

4,284
5

4

501
7,869

7,002
9,450

43
3
7
10

8,138

5,744

677

136,511

57,773

83,716

1,415

9

283

12

61

8,473

Total
assets

23,414

52
35

36
7

§

3,115

76

9

2,272

94,178

2,230

102

4
55

23,414

18,058

4,447

414, 586

fel
O
O

d
O

3

LIABILITIES

Demand
deposits

Location

Connecticut

Total United States




Acceptances
executed by or
for account of
reporting
banks and
outstanding

Other
liabilities

Capital
stock

Surplus

4

2,281
272,270
10,985

3,394
250

25,356

6,803
6

8,000

18,497
1,735

42,229

283,255

3,644

25,356

6,809

8,000

9,117
22,718
_

334
35,957
6,272

241,026

Total Eastern States

Total Middle Western States

Eediscounts
and other
liabilities for
borrowed
money

1,947

Georgia
Texas
Total Southern States

Total
deposits

236,313
4,713

_

New York
Pennsylvania

Indiana
Iowa

Time and
savings
deposits

1,862
5,123

10,979
27,841

241

149
42

937
1,359

31,835

6,985

38,820

241

191

2,296

4,029
10,028

1,136
1,379

5,165
11,407

25

155
305

14,057

2,515

16,572

25

288,865

52,063

340,928

7,029

3,885

25,356

Undivided
profits

Reserves

181
466

2,000
13

20,232

466

2,013

407
1,364

95
408

1,771

338
127
465

168
276

176
369

460

444

545

12

10, 756

22,447

1,657

2,528

503
12

CO

to

2

TABLE N O . 47.—Assets and liabilities of active private banks, Dec. 30, 1961—Continued
[In thousands of dollars]

g

Loans and discounts

Location

Connecticut...
New York
Pennsylvania
Total Eastern
States
Georgia
Texas...
Total Soutnern
States...
_.._

O

Loans to finan- Loans for purReal estate loans
cial institutions chasing or carry- Loans to farmers
Commering securities
cial and Other
loans to
indusTo doindividtrial
Directly Other
Secured Secured
mestic
To
uals for
loans
guaran- loans to
by resiby
brokers
teed b y farmers (includ- personal
dential Secured comfarm
and
ing open expendithe
(exmerproperland
Other
by
Other
dealers
tures
market
Comcluding
ties
(incial
other
in semodity loans on paper)
cluding (other proper- and
curities
Credit
real
than
imties
foreign
Corpo- estate)
farm)
provebanks
ration
ments)

All
other
loans
(including
overdrafts)

Total
gross
loans

Less
valua- Net loans
tion
reserves

865

176

1,363

2

99
1,292

613

7,685
16

1,590
100

648

14, 004
46

1,930
620

2,808
1,170

105,874
5,110

418
6

7,701

O
Q

1,361

77, 758
359

105,456
5,104

322
246

s

246

1,292

613

1,690

14,050

648

78,117

2,550

3,978

110, 984

424

110, 560

1,082
180

1,071
559

456
363

17
50

331

745
1,200

736
3,412

2,536
3,209

233
86

7,013
9,450

11

55

137
5

7.002
9,450

1,262

1,630

819

67

55

142

331

1,945

4,148

5,745

319

16, 463

11

16,452

25
294

607
321

93
171

138
354

550
3,857

246
673

343
442

23
19

2,025
6,131

18

2,007
6,131

492

4,407

919

785

42

8,156

18

8,138

823

7,000

84,049

9,256

4,339

136,966

455

136, 511

Indiana
Iowa...
Total Middle
Western States-

319

928

264

Total United States

1,827

4,172

1,696

99




99

7,768

1,745

14,192

pi
Pi

1

Demand deposits
Foreign
Individuals,
U.S.
partnerships, governments,
central
and
Government
corporations banks, etc.

Location

155,648
4,602

_

-

_» .

Total Southern States

Total Middle Western States,.
Total United States

2,687

1

Commercial

Mutual
savings

Banks in
foreign
countries

2

Certified
and officers'
checks, etc.1
29

_

21,757

971

33,779

21,470
71

40

21,757

971

33,779

21,541

148

1,231

439

52
355

148

1,231

439

407

3,698
9,410

7
7

320
618
938

156

2,246

13,108
204,847

2,687

i Includes dividend checks, letters of credit, and travelers' checks sold for cash.




Banks in U.S.

29,610

_

__

1

9,065
20,545

____

Indiana
Iowa

2,687

160,250

_

Total Eastern States
Georgia
Texas .

37

1,879

Connecticut
New York
Pennsylvania

States and
political
subdivisions

40

I

4
4
22,198

971

33, 779

21,981

g

to

TABLE N O . 47.—Assets and liabilities of active private banks, Dec. 30, 1961
[In thousands of dollars]

Continued

Time and savings deposits
Location
Savings

Connecticut

U.S.

Government

Postal
savings

States and
political
subdivisions

Banks in U.S.
Commercial

Mutual
savings

Banks in
foreign
countries

o
o

334

New York
Pennsylvania
Total Eastern States
Georgia.—
Texas

Foreign
Other degovernAccumu- posits of
ments,
lated for
individcentral
payment of uals, partpersonal
nerships, banks, etc.
loans
and corporations

_

Total Southern States
Indiana _
_ _
Iowa_.
Total Middle Western States
Total United States




9,652
177

18, 471

500

1,000

6,334

6,095

_

6,095

9,829

18,471

500

1,000

6,334

-

1,688
4,642

169
12

5
464

5

6,330

181

469

5

1,031
1,008

62
359

43
12

_

2,039

421

14, 798

10, 431

55
18,471

1,024

1,005

6,334

I
1

FABLE N O . 48.—Per capita demand and time deposits of individuals, partnerships, and corporations in ail active banks, Dec, 30, 1961
Population
(approximate)

Location

e
Hampshire
ont
ichusetts
e Island... _
ecticut

_. __

Total

Demand
$319,527
213,429
127,796
3,794,328
422,276
1,629,131

Time

Total

$745,916
759,244
389,589
7,126,059
985,057
3,347,583

$1,060.14
1,543.93
1,296. 70
2,064.34
1,606.54
1,872.35
1,829.06

599.23

1,229.83

3,469.47
1,311.01
1,317.83
1,751.29
876.97
1,968.21

1,504.05
564.74
651.86
1,062.28
453. 98
1,418.97

1,965.42
746.27
665.97
689.01
422.99
549.24

2,233.43

1,011.70

1,221.73

711.13
612.50
520.09
362.60
595. 42
758.90
539.49
488.80
689.17
1,019.21
647.41
669.69
747.06

391.30
361.52
365.27
286.54
399.69
497.38
342.03
326.21
463.89
746.53
451.09
497. 56
443. 95

319.83
250.98
154.82
76.06
195. 73
261.52
197.46
162.59
225.28
272.68
196.32
172.13
303.11

11,354,238

704.52

476. 72

227.80

4,608,622
1, 721,920
6,061,026
4,302,226
2,093,888
1,906,356
1,018,849
1,601,122

1,027.02
898. 76
1,504. 88
997.28
1,067. 76
1,124.20
1,005.39
1,134.41

565. 51
536.10
920.63
462.18
553.04
580.61
641.52
772.16

461.51
362.66
584.25
535.10
514.72
543.59
363.87
362.25

23,314,009

1,131.93

645.64

486.29
========

Total New England States

10,858,000

19,859,935

6, 506,487

13,353,448

York
Fersey
sylvania
pare
land.
ict of Columbia

17,208,000
6,343,000
11,579,000
464,000
3,237,000
764,000

59,702,558
8,315, 784
15,259,135
812,599
2,838, 762
1,503, 714

25,881,656
3,582,171
7,547,855
492,897
1,469,546
1,084,098

33,820,902
4,733,613
7,711,280
319, 702
1,369,216
419,616

Total Eastern States

39,595,000

88,432,552

40,058,223

48,374.329

4,117,000
1,854,000
4,659,000
2,425,000
4,023,000
5,355,000
3,330,000
2,242,000
3,360,000
9,915,000
1,809,000
3,103,000
3,651,000

2,927, 721
1,135, 574
2,423,129
879,298
2,395,368
4,063,925
1,796,517
1,095,879
2,315,618
10,105,455
1,171,174
2,078,063
2,727,521

1,610,969
670,262
1,701,803
694,848
1,607,968
2,663,476
1,138,979
731,358
1,558,689
7,401,825
816,030
1,543,938
1,620,859

1,316, 752
465,312
721,326
184,450
787,400
1,400,449
657,538
364, 521
756,929
2,703,630
355,144
534,125
1,106,662

49,843,000

35,115,^42

23, 761,004

iuri

9 986,000
4, 748,000
10 374,000
8,040,000
4,068,000
3,507,000
2,800,000
4,420,000

10,255,810
4,267,327
15,611,684
8,018,111
4,343,643
3,942,576
2,815,105
5,014,086

5,647,188
2,545,407
9,550,658
3, 715,885
2,249,755
2,036,220
1,796,256
3,412,964

Total Middle Western States

47,943,000

54,268,342

30,954,333

lia

Virginia
i Carolina
i Carolina
la
la
,ma
ssippi
iana
isas
icky.
jssee

_
._

_

Total Southern States
na_
is
igan
>nsin _
esota




_ ._

Time
$742.20
1,205.15
976.41
1,347.08
1,124.49
1,259.44

$1,065,443
972,673
517,385
10,920,387
1,407,333
4,976,714

_
_

Demand
$317.94
338. 78
320.29
717.26
482.05
612.91

1,005,000
630,000
399,000
5,290,000
876,000
2,658,000

_

Per capita

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

O

i

B
3

fcO

TABLE NO. 48.—Per capita demand and time deposits of individuals, partnerships, and corporations in all active banks,
Dec. 30, 1961—Continued
Population
(approximate)

Location

I Dakota
i Dakota
iska
is
ana
nine
ado
Mexico
loma

646,000
697,000
1,446,000
2,211,000
687, 000
342,000
1,800, 000
1,000,000
2,382,000

2,935,000
1,820,000
16, 740,000
693,000
930, 000
305,000
1,433,000
238,000
667,000

-

--

- ~

__
-

Total Western States
ington
>
n
>rnia
da
na
a

--

-

-

--

--

__
-_

lie::::::::::::::::::::::::::..:::.:::..:..

::

Time

370,992
429,104
1,115,978
1,333,853
435,129
214, 703
1,255,506
408, 549
1,713,863

246, 748
251,227
294,889
576, 720
280, 935
139,343
676,107
180,687
599,129

10, 523,462

7,277,677

3,245,785

2,949,349
1,843,337
23,010, 796
572,923
834,682
400,118
1,222, 757
149,147
560, 701

1,510,386
928,606
11, 747,993
324, 618
444,408
212,156
748,553
94,001
299,120

1,438,963
914, 731
11,262,803
248,305
390,274
187,962
474,204
55,146
261,581

Total
956.25
976.08
975. 70
864.12
1,042.31
1,035.2%
1,073.12
589.24
971.03

Demand

Time

574.29
615.64
771. 77
603.28
633. 38
627. 79
697. 50
408. 55
719. 51

381.96
360. 44
203.93
260.84
408. 93
407.43
375.62
180. 69
251.52

938.67

649.15

289. 52

1,004. 89
1,012. 82
1,374.60
826. 73
897. 51
1,311.86
853.28
626. 67
840. 63

514.61
510.22
701. 79
468. 42
477. 86
695. 59
522.37
394. 96
448.45

490.28
502. 60
672.81
358.31
419.65
616.27
330. 91
231. 71
392.18

25, 761,000

_- -

--

i

,o Rico
-.
ican Samoa
a Islands of the United States

--

Total possessions
Total United States and possessions

--

-~

31,543,810

16,309, 841

15,233,969

1,224.48

633.12

591.36

239,743,343

124,867,565

114, 875, 778

1,294.43

674.19

620.24

42,000
66,000
2,420,000
20,000
34, 000

Total United States (exclusive of possessions)




Demand

185,211,000

Total Pacific States

1 Zone (Panama)

617,740
680,331
1,410,867
1,910, 573
716, 064
354,046
1,931,613
589,236
2,312,992

11,211,000

-- --

Per capita

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

00

8,727
19,496
590,518
843
25, 545

7,295
7,476
276,308
330
11,225

1,432
12,020
314,210
513
14,320

207. 79
295.39
244. 02
42.15
751.33

173. 69
113.27
114.18
16.50
330.15

34.10
182.12
129.84
25.65
421.18

2, 582,000

645,129

302,634

342,495

249. 86

117.21

132. 65

187, 793,000

240,388,472

125,170,199

115,218,273

1,280.07

666. 53

613. 54

M

8

TABLE ]tf

o. 49.—Officials

of
of State banking departments and number of each class active banks in December 1961
State commerciall

Names of officials

Hampshire

)nt

.chusetts
i Island
>cticut

Titles

Carleton L. Bradbury
Harrison S King
Albert D. Pingree
Edward A. Counihan, III
William M Favicchio
Philip Hewes

Location

State Bank Commissioner
Bank Commissioner
Commissioner of Banking and Insurance. _
Commissioner of Banks
..
Bank Commissioner
do.

Oren L. Root
Charles R. Ho well
Robert L. Myers, Jr
Randolph Hughes ...
W. Robert Milford

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

. __
_ __

ct of Columbia

Logan R. Ritchie
Carl B. Early
Ben R. Roberts
C V; Pierce
W. D. Trippe
Ray E. Green
John C. Curry
Llewellyn Brown
J W. Jeansonne
J. M. Falkner _
Dick Simpson
Hugh A. Rogers
M. A. Bryan

C ommissioner of B anking

Virginia

Carolina
Carolina

ia

a
ma

sippi

ana
sas

icky
ssee
Total Southern
States

Insured
Insured
Total
numNonber
Nonin- Members Noninof Members Nonbanks Federal members sured Federal members sured
Reserve Federal
Reserve Federal
System Reserve
System Reserve
System
System

j footnotes at end of table.




do

Commissioner of Banks
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

21
1
8

14
19
22
44
3
28

4
3
1
4
1
8

26
33
6
8
8
71

37

130

21

152

280
112
233
19
86
7

102
54
65
2
8
4

39
34
151
14
71
3

10
3
5
1
1

127
21
7
2
5

235

312

20

162

1

174
105
140
119
350
201
169
166
150
545
181
265
222

68
34
3
6
15
10
24
7
11
99
22
15
8

106
70
136
107
294
187
145
157
138
429
155
241
208

1
10
4
9
6

2,787

322

2,373

49

Noninsured

1

737

Total Eastern
States
da

Private

523

Total New England States
iTork
ersey
ylvania
r
are
[and

Mutual savings

56
56
29
253
13
116

6
1

6
176
1
182

1
2
5

7

1
1
6

5
4

36

ft

2
7

43

u

TABLE NO. 49.—Officials

Names of officials

Private

Mutual savings

State commercial i

Location

Insured
Total
Insured
numNonber
Noninof Members Nonin- Members Nonbanks Federal members sured Federal members sured

Titles

Federal
Reserve
System

Reserve
System

Illinois
Michigan

Conrad F. Becker
Charles D. Slay..

_

William E. Nuesse
Arthur W. Sands
Clay W. Stafford.
J. Lay ton Pickard

Superintendent of Banks
Director, Department of Financial Institutions,
do
Commissioner, State Banking Department.
Commissioner of Banks
do . _
_
Superintendent of B anking
.._ Commissioner of Finance

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

Eugene Rich
Oscar Brosz
Ralph E. Misko
J. A. O'Leary
Albert E. Leuthold
Norris E. Hart well
Frank E. Goldy
Maurice Matthews
Carl B. Sebring

Joseph C. McMurray
J. F. M. Slade...
William J. Murphy
J. L. McCarthy...
Spencer C. Taylor
Grant L. Robison..
A. J. Grasmoen




._ State Examiner
_ Superintendent of Banks
Director of Banking
State Bank Commissioner
Superintendent of Banks..
State Examiner,.
State Bank Commissioner
. . Acting State Bank Examiner
Bank Commissioner

Supervisor of Banking
Superintendent of Banks
do
Commissioner of Finance. _ .
Bank Commissioner
_. Superintendent of Banks
._ .do.
_

.__

356
320

143
99

210
2 212

1
3

576
294

125
134

445
158

468
510
575
549

58
29
67
93

402
471
485
442

4
9
16
3 14

1

2
1

1

748

2,825

55

1

9

1

118
141
304
423
80
29
114
28
188

2
26
17
46
45
14
17
8
26

113
115
256
374
34
15
67
20
159

201

1,153

71

69
40
82
22
43
4

9
3
19
8
13
2
1

55
34
58
14
26
2
7

1
2
5

Noninsured

6
2

1,425

Raymond H. Willett.
Joseph McCord...

Federal
Reserve
System

3,648

Ohio
Indiana

Wisconsin.
Minnesota
Iowa
Missouri

o

of State banking departments and number of each class of active banks in December 1961—Continued

Q

Reserve
System

2
4

3
31
3
1
30
3

4
1

4
1

2

9

aii

_

A. H. Romick
James C. Davis, Jr

Total Pacific States.
Total United States
(exclusive of possessions).
to Rico
rican Samoa _
n Islands of the
ited States.

Commissioner of Commerce
_ Supervising Bank Examiner

_

3
5

8
10

4
5

1
6

287

Total possessions—_
Total United States
and possessions.

204

22

9,407

Secretary of the Treasury

55

1,598

6,997

238

7

4
1

11
1

1

329

1

60

1
7

13

9,420

184

1,598

243

1

5

7,004

1

329

185

60

Includes stock savings banks.
Includes 1 private bank.
Includes 1 trust company which is a member of the Federal Reserve System.




1

to
oo

to
to

00

TABLE NO. 50.—Assets and liabilities of all active banks, Dec. 31, 1936 to 1961
[Dollarfiguresin thousands]

Number
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 .
1960
1961

___

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
13,971
13,933

Loans and U.S. GovOther
ernment
discounts
bonds,
including obligations, stocks,
overdrafts direct and
and
guaranteed securities
$21,613,328
22,342,879
21, 535,406
22,374, 700
23,967, 476
26, 838,365
24,001,146
23, 674, 539
26,101,639
30, 466, 867
35, 822,868
43,231,136
48,452,743
49,828,162
60,711,146
68,000,966
75,928,803
80,920,155
86,058,272
100,575,185
110, 632,011
115,759,782
122,287,478
136, 409,682
145,254,712
154, 842, 810

1
2
3
4

Cash

$17,497,059 $10,700,905 $1,025, 586
16,660,068 9,828,984
907, 871
9,664,255
18,002,042
(4)
9,348,161 1,196, 539
19,447,464
21,028,798 9,499, 776 1,407,364
9,035, 537 1, 545,018
25,553,809
46,059, 111 8,312, 249 1,463,836
7,466,862 1,612,252
66,259,384
86, 414,755 7, 596,205 1, 801,370
101,904,073
8, 611, 660 2,025,088
87,093,517
9, 543,221 2,221,793
81, 636,938 10,760,398 2,392,970
74,462, 553 11,470,848 2,145,156
78,753, 673 12, 682,551 2,185,256
73,188,217 14, 816, 545 2,343,064
71, 595,087 15,991,176 2,890,421
73,010,835 17,449,091 2,938,679
72, 872, 466 18,452, 644 2,690,476
78,004,064 20,519,756 2, 657,128
70,309,691 20,754,037 2, 873,239
66, 795,281 20,556, 588 3,454,476
66,066,124 23,051,813 3,532,901
73,935,092 26,389,891 3,451,865
65, 881,700 26,130, 673 3,169,565
67,343,341 26, 673, 673 3,512,975
72,821,684 29,719,052 3, 864,958

Balances
with other
banks l

$15,871, 668 $3,402,165
15,065,962 3,271,994
18,373, 644 3,258,252
22,197,935 3,010,458
26, 846, 418 2,822,070
25,942,377 2,538, 588
27,371, 581 2,334, 654
2,109,008
1,857, 424
29,175,791
33,589, 693 1,753, 694
1,729, 215
32,995,748
36,167,173
1, 835,487
37,490,369
2,053,761
34, 490, 538 2,102,933
38, 892,739 2,288,962
42, 826,197 2, 558, 776
42, 825,197 2, 677,998
43,301,133 2, 895,929
42,097,116 3,348,420
45,105, 892 3, 486,967
46,382,257 4,144,714
46,006,103 4,770, 796
46, 695,132 5,120,701
47,192,451
5, 573, 660
49, 592,216 6, 555,976
53, 622,203 7,465, 500

Includes reserve balances and cash items in process of collection.
Includes capital notes and debentures in banks other than national.
Includes reserve accounts.
Not called for separately. Included with "Balances with other banks."
Backfigures.—Seereference in heading of table 46, p. 190, in 1953 annual report to




Other
assets

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
180,043,113 3, 548,731
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
298,932, 893 6,351, 616
322, 336,207 6, 766,977

Surplus
and
undivided
profits 3
$4, 849,310
4,949, 834
5,016, 435
5,169,647
5, 339,039
5, 460,776
5, 619, 637
0,034,091
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
18,251,083
19,528,771

Total
deposits

$61,155,014
59,109,903
61,907,761
68, 566,043
76, 407,885
82,233,260
100,265, 638
118,336,126
142,310, 824
166,530,093
156, 801,396
162,728, 682
162,041,389
165,244,044
176,120,158
186, 603,665
196,431,356
201,978,297
212,030,341
221,391, 573
228, 578,958
234,178,092
251,331, 512
255, 496,780
266, 884,548
287,990,710

Bills payOther
able and
liabilities
rediscounts,
etc.
$57,247
50,816
36,612
25,551
25,060
22, 593
51,650
125,624
227,150
48,403
74,614
64,320
27,195
94, 607
44,008
196,234
66,803
32,915
174,195
88,202
97,990
96, 544
648,852
184,371
493,922

I

$756,126
744,095
680,298
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
7,261,275
7, 555,827

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.

1
3

TABLE N O . 51.—Assets and liabilities of all active national banks, Dec. 31, 1936 to 1961
[Dollar figures in thousands]
Number
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 . .
1960
1961 -

_ .

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
4,530
4,513

Other
Loans and U.S. Govbonds,
discounts ernment
including obligations, stocks,
overdrafts direct and
and
guaranteed securities
$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
63,693,668
67,308,734

$8,685,554
8,072,882
8,705,959
9,073,935
9, 752,605
12,073,052
23,825,351
34,178,555
43,478,789
51,467,706
41,843,532
38,825,435
34,980,263
38,270,523
35,691,560
35,156,343
35,936,442
35,588, 763
39,506,999
33,690,806
31,680,085
31,338,076
35,824,760
31,760,970
32, 711, 723
36,087,678

$4,094,490
3,690,122
3,753,234
3,737,641
3,915,435
3,814,456
3,657,437
3,325,698
3,543,540
4,143,903
4,799,284
5,184,531
5,248,090
5, 937,227
7,331,063
7,887,274
8,355,843
8,621,470
9,425,259
9,166,524
8,823,307
9,643,633
10,963,464
10,891,885
11,140,471
13,005,861

Cash

Balances
with other
banks1

Other
assets

$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
1,721,492
1,923,655

$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
26,953,014
29,154,790

$1,032,327
977,186
1,011,455
960,436
918,082
897,004
847,122
813,468
792,479
797,316
830,513

1
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.




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
3,040,499
3,328,334

Total assets

Capital

$31,064,662
30,104,230
31,666,177
35,319,257
39,733,962
43,538,234
54, 780,978
64,531,917
76,949,859
90,535,756
84,850,263
88,447,000
88,135,052
90,239,179
97,240,093
102,738,560
108,132, 743
110,116,699
116,150, 569
113,750.287
117,701,982
120,522,640
128, 796,966
132,636,113
139,260,867
150,809,052

$1,598,815
1,577,831
1,570,622
1,532,903
1,527,237
1,515,794
1,503,682
1,531,515
1,566,905
1,658,839
1,756,621
1,779,766
1,828,759
1,916,340
2,001,650
2,105,345
2,224,852
2,301,757
2,485,844
2,472,624
2,638,108
2,806,213
2,951,279
3,169, 742
3,342,850
3,577,244

Surplus
and
undivided
profits 2

Total
deposits

$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
7, 755,488
8,298,062

$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
124,910,851
135,510,617

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
340,362
110,590
224,615

$281, 760
308,499
281,749
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
3,141,088
3,198,514

i

NOTE.—Reciprocal interbank demand balances with banks in the United States
are reported net beginning with the year 1942.

to
CO

to
TABLE NO. 52.—Assets and liabilities of all active banks other than national, Dec. 31, 1936 to 1961
[Dollar figures in thousands]

Other
Loans and U.S. Govbonds,
discounts, ernment
including obligations, stocks,
and
banks overdrafts direct and
guaranteed securities
Number of

1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

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
9,441
9,420

$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
81,561,044
87,534,076

$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
34, 631,618
36,734,006

$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
15,533,202
16,713,191

Capital

Cash

$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
1,791,483
1,941,303

Balances
with other

Other
assets

Total
assets

Capital
stock

$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
15, 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
22, 639,202
24,467,413

$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
3, 515,477
4,137,166

$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
159,672,026
171, 527,155

$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
2,955,397
3,137,476

banksi

* Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
a Not called for separately. Included with "Balances with other banks."




Surplus

notes

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
10,495,595
11,230, 709

$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
141,973,697
152,480,093

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
53,369
52,257

Bills payable a n d

rediscounts,
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
73,781
269,307

Other
liabilities
$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
4,120,187
4,357,313

Backfigures.—Seereference in heading of table 48, p. 192, in 1953 annual report, to
reports containingfiguressince 1834. (Comparablefiguresfor 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.

3

c

a

REPORT OF THE

COMPTROLLER OF THE

CURRENCY

285

TABLE N O . 53.—National banks? placed in charge of receiver during year ended
placed
Dec. 31, 1961
Organization
Name and location of banks

2971
2972

Sheldon National Bank, Sheldon,
Iowa.
First National Bank, Maud, Okla.

Charter
No.

Failure

Date

Capital
stock at
date of

Deposits
at date of

Date
receiver
appointed

7880

Aug. 23,1905

$60,000

$1,491,000

Jan. 17,1961

8294

July

25,000

1,375,000

Dec. 19,1961

6,1906

i Data as to liquidation unavailable inasmuch as direction or supervision by the Secretary of the Treasury
or the Comptroller of the Currency of liquidation by the Federal Deposit Insurance Corporation as receiver
of National banks terminated as of the close of business Sept. 20, 1950, by the Federal Deposit Insurance
Act of 1950 (Public Law 797) approved Sept. 21,1950.




to

TABLE N O . 54.—Bank suspensions since inauguration of Federal deposit insurance, years ended Dec. SI, 1984 to 1961
Capital stock (in thousands of dollars)1

Number
Year ended
Dec. 31—

Member banks

Total

---

Nonmember banks

Member banks

All

banks

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
1960
1961

Member banks

Nonmember banks

All

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

banks

National

3,822
1,518
1,961
3,435
2,467
5,309
1,587
496
327
708
32

25
405
88
685
25
220
82
360

2
1
1
1

1

2

386

28

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

1
3
1
1
32

1

2
3
1
2

1
54

9

235

114

24, 741

1
1

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

120
52
750
45
140
550
303
210
100
347
337

1

2
2
1
2
1

36,939
10,101
11,323
16,169
13, 837
34,980
5,944
3,723
1,702
6,300
405

167

50

75
100
200
50

147
162

4,581

11,271

5,644

251,271

200
75
280
250
25

35

75
3,245

37
550
25
65
250

120
15
20
20
18
110

W
o
o
W
O
F
F

2,443
42
3,113
135
390
1 950

2,443
42
3,113
1.414
44, 802
2 880
6,498
11,823
12, 869
6,287
2,048
7,987
7,475

125

125

Includes capital notes and debentures, if any, outstanding at date of suspension.
Included 2 private banks without capital.
3 Includes 1 private bank for which capital and depositfiguresare not available.
* Includes 3 private banks for which capitalfiguresare not available.
5
Includes 1 private bank for which capitalfigureis not available.




State

1

4
1
3
3
4
3
4
3
3
8
3
2
9

1
2

All

banks

19,478

1,279
24,934
930
1,892
4,703

4,606
6,520
10,451
1,368

1,163

2,866

1,650

2,787
2,048
6,953
1,351

45, 417

48, 839

100,090

600
1,255
2,132
1,034
1,608

W
o
d

56,925

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 offinancialdifficulties. In the case of national bank suspensions these represent actual failures for which receivers were appointed.

o
4

INDEX
Page

Affiliates of national banks, number reporting as of December 30, 1961
32-33
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1960 and 1961...
30-31
December 30, 1961, by classes of banks in each State
226-276
December 30, 1961, summary by classes of banks
224-225
December 31, 1936-61
282
Distribution of, December 30, 1961
1
Per capita demand and time deposits of individuals, partnerships, and
corporations in, December 30, 1961, by States
277-278
Suspensions. (See Suspensions of banks.)
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1960 and 1961
30-31
December 30, 1961, by States
226-235
December 30, 1961, summary by classes of banks
224-225
December 31, 1936-61
.
282
National banks:
Call dates in 1961, summary and by States
24-25, 125-178
December 30, 1961, by States
236-245
December 31, 1936-61
283
Principal items of, according to size of banks (deposits), December 31, 1960 and 1961
120
State banks (see also District of Columbia):
All banks combined:
December 30, 1961, summary and by States
224-225, 246-255
December 31, 1936-61
284
Mutual savings: December 30, 1961, summary and by States— 224225, 266-271
Private: December 30, 1961, summary and by States. 224-225, 272-276
State commercial: December 30, 1961, summary and by States. 224225, 256-265
Automation in national banks
22-23
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 30, 1961
1
Insured and uninsured, December 30, 1961
1
Member banks of Federal Reserve System, December 30, 1961 _.
1
Number of:
December 30, 1961, by States
226-227
December 31, 1936-61
282
Suspensions. (See Suspensions of banks.)
287



288

INDEX

Banks—Continued
Pago
Insured commercial banks: Number of, December 30,1961, by classes.
1
National banks:
Branches. (See Branches.)
"Calls" for reports of condition of, dates, 1914-61
122
Examination of. (See Examinations conducted.)
Failures. (See Suspensions of banks.)
Number of:
Call dates in 1961
24
Call dates in 1961, by States
125-178
December 30, 1961, by States
236-237
December 31, 1936-61
283
Nonmember banks of Federal Reserve System, December
30, 1961
1
With surplus fund equal to or exceeding common capital
stock 1942-61
121
With surplus fund less than common capital stock 1942-61 _ _ 121
Number of banking units in relation to population at the end of
1961
*.
12-13
Number of banks which have been absorbed since 1950
15
Number of national and State commercial banking units in operation
in United States and possessions at end of 1961
12-13
State and private banks:
Number of:
December 30, 1961, by States
246-247, 256-257, 266, 272
December 31, 1936-61
284
Supervisors of, name and title of in each State, December 30,
1961
279-281
Suspensions. (See Suspensions of banks.)
Uninsured, December 30, 1961
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 1961
119
Number authorized and closed in year 1961, by States
11,
112-118, 119
Number of branches operated in United States and possessions as of December 30, 1961
11
Foreign:
Location and summary of assets and liabilities as of December
30, 1961
210, 211
Number in operation, December 30, 1961
211
Limited banking facilities authorized by several States
12-13
Statements relative to
10-13
"Calls" for reports of condition of national banks, dates, 1914-61
122
Capital accounts. (See Assets and liabilities of banks; Income, expenses,
and dividends of national banks; Ratios.)
Capital stock of banks:
All banks:
December 30, 1961, by States
228-229, 232-233
December 31, 1936-61
282



INDEX

289

Capital stock of banks—Continued
National banks:
Page
By size of banks (deposits), December 31, 1960 and 1961
120
Call dates in 1961, by States
125-178
Chartered in each State, in year 1961
101-103
December 30, 1961, by States
238-239, 242-243
December 31, 1936-61
283
Incident to consolidations with State and national banks, in
year 1961
104, 106-108
Increase during 1961 and since 1952
7, 28-29
Liquidated banks, in year 1961
28-29, 104
Preferred stock:
Retirable value of, on call dates in 1961
25
Total outstanding, December 30, 1961
28-29
State and private banks:
December 30, 1961, by classes of banks and by States
225,
252-253, 262-263, 273
December 31, 1936-61
284
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
99
Deputy Comptrollers, names of, since organization of the Bureau and
periods of service
99
Examinations conducted
20
Expenses of, in year 1961
21-22
Issue and redemption of notes
33
Organization and staff
20-21
Personnel
20-21
Condition of banks. (See Assets and liabilities of banks.)
Consolidations and mergers of banks:
Number and total resources, National and State-wise, 1950-61
15
Description of each consolidation, merger, and purchase and sale
transaction, approved by the Comptroller of the Currency during
the year 1961
34-94
Under act November 7, 1918, as amended:
Consolidations under sections 1, 2, and 3:
List of, in year 1961
106-108
Number of in each State
^
100-101
Mergers under sections 4 and 5:
List of, in year 1961
109-111
Number of in each State
100-101
Statements relative to
14-15, 28-29
Under Public Law 706, August 17, 1950:
List of, in year 1961
104
Number of in each S t a t e
100-101
Statements relative to
14-15, 28-29



290

INDEX

Conversions of banks:
Page
Number and total resources, National and State-wise, 1950-61
15
Under Public Law 706, August 17, 1950:
List of, in year 1961
105
Number of in each State
100-101
Statements relative to
14-15, 28-29
Demand deposits. (See Deposits.)
Deposits (see also Assets and liabilities of banks):
All active banks, December 31, 1936-61
282
Demand and time in all active banks, by classes in each State, December 30, 1961
232-235, 242-245, 262-265, 270-271, 275-276
Interest rate paid on time and savings, by national banks, years
1957-61
3
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 30, 1961, by States
277-278
Postal savings:
In all banks, December 30, 1961, by States
234-235
In each class of banks, December 30, 1961, by States. 244-245, 264-265
In national banks, call dates in 1961, by States
125-178
Savings:
In all banks, December 30, 1961, by States
234-235
In each class of banks, December 30, 1961, by States. - 244-245, 264-265
In national banks, call dates in 1961, by States
125-178
Size of national banks, according to, December 31, 1960 and 1961
120
Suspended banks. (See Suspensions of banks.)
United States Government:
In all banks, December 30, 1961, by States
232-233
In each class of banks, December 30, 1961, by States
242-243,
264-265, 270, 275
In national banks, call dates in 1961, by States
125-178
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1961
135, 214, 215
December 30, 1961
212-213
Income, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years 1942-61
219-220,221-222
Year 1961, by classes of banks
216-217
Occupancy expense of bank premises, by classes of banks, year
1961.
217
Ratios:
Years 1942-61
219-220, 221-222
Year 1961, by classes of banks
217
Year 1961, by classes of banks
216-217
Fiduciary activities of banks in, December 30, 1961
223
Reports required from banking associations in, year 1961
32
Dividends. (See Income, expenses, and dividends of national banks.)
Earnings, expenses, and dividends of national banks. (See Income, expenses, and dividends of national banks.)
Employees. (See Comptroller of the Currency, Office of; Officers and
employees of national banks.)
Examinations conducted: Number in year 1961
20
Examiners and assistant examiners: Changes in number, in year 1961
21



INDEX

291

Expenses. (See Comptroller of the Currency, Office of; Income, expenses,
and dividends of national banks.)
Failures of banks. (See Suspensions of banks.)
Federal Deposit Insurance Corporation (see also Suspensions of banks): Pas*
Classification of insured and uninsured banks, December 30, 1961
1
Federal Reserve notes: Issue and redemption of, in year 1961
33
Fiduciary activities of national banks:
By Federal Reserve districts, December 30, 1961
181
Classification if investments under administration segregated according to capital of banks, December 30, 1961
182
Comparative figures of activities, 1951-61
185
December 30, 1961, by States
182-185
December 30, 1961, segregated according to capital groups
179-180
National banks administering employee benefit trusts and agencies
during 1961, by Federal Reserve districts and by States
186-187
Statement relative to
16-17
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 30, 1961
210,211
Government bonds. (See Investments; United States Government securities.)
Holding company affiliates of national banks: Number of, December 30,
1961-_
32-33
Income, expenses, and dividends of national banks:
According to size of banks (deposits), year 1961
_.
202-205
By Federal Reserve districts, year 1961___
-.m 198-201
By States, year 1961
188-197
Losses charged off on loans and securities:
Years 1942-61
.__._-—. 209
Year 1961, according to size of banks (deposits)
-—_-..-- 203, 205
Occupancy expense of bank premises, by States, year 1961___^- + 196-197
Ratios:
Dividends to capital stock and capital funds, years 1930-61
208
Net profits before dividends to capital stock and capital funds,
years 1930-61
-----.^
208
Net operating earnings and net income before dividends per $100
of deposits, year 1961
205
Net operating earnings, net income before dividends, and cash
dividends per $100 of capital funds, year 1961
205
Salaries and wages of officers and employees:
By size of banks (deposits), year 1961
202
Year 1961
._
.._
206
Summary, year 1961
.
206-207
Trend in, since 1957
--- — - . —
9
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 Income, expenses, and dividends of national banks.)
Investments of banks:
All banks:
December 30, 1961, by States
226-227
December 30, 1961, by classes of banks
224
December 31, 1936-61
282



292

INDEX

Investments of banks—Continued
National banks:
By size of banks (deposits), December 31, 1960 and 1961
Call dates in 1961, summary and by States
December 30, 1961, by States
.
December 31, 1936-61
Losses charged off on:
According to size of banks (deposits), year 1961
Year 1961, by States and Federal Reserve districts

120
24, 125-178
236-237
283

203, 205
192193, 199-200
Years 1942-61
209
Summary classification by maturities in 1961
6
State and private banks: December 30, 1961, by classes of banks and
by States
224, 246-247, 256-257, 266, 272
Liabilities. (See Assets and liabilities of banks.)
Liquidation of national banks (see also Suspensions of banks):
Capital, date, and title of banks, in year 1961, with names of succeeding banks in cases of succession
104
Number of banks, in each State, since beginning of system
100-101
Summary, in year 1961
28-29
Litigation involving Comptroller of Currency, pertaining to national
banks
17-19
Loans and discounts of banks:
All banks:
December 30, 1961, classification of, by States
230-231
December 30, 1961, classification of, by classes of banks
224
December 31, 1936-61
282
National banks:
By size of banks (deposits), December 31, 1960 and 1961
120
Call dates in 1961, summary and by States
24, 125-178
December 30, 1961, classification of, by States
240-241
December 31, 1936-61
283
Interest and discount earned on:
According to size of banks (deposits), year 1961
202
Year 1961, by States and Federal Reserve districts __ 188-189, 198
Year 1961
206
Losses charged off on:
According to size of banks (deposits), year 1961
203, 205
Year 1961, by States and Federal Reserve districts
192193, 199-200
Years 1942-61
209
Real estate loans of:
December 30, 1961, by States
240-241
Statement relative to
4
Reserve for bad debt losses on
9-10
State and private banks, December 30, 1961, classification of, by
States
250-251, 260-261, 268-269, 274
Losses. (See Income, 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 30, 1961, by States
266-271
Insured, December 30, 1961
.
1, 279-281




INDEX

293

Mutual savings banks-—Continued
Page
Uninsured, December 30, 1961-.
.
1, 279-281
National bank circulation: Outstanding, December 30, 1961
30
National bank examiners. (Sec Examiners and assistant examiners.)
National banks:
Affiliates of, number, December 30, 1961
.
32-33
Assets and liabilities of:
Call dates in 1961, by States..
.
125-178
December 30, 1961, by States
236-245
Principal items of, according to size of banks (deposits), December
31, 1960 and 1961
__._.. ..
...,.__.
120
Principal items of, December 31, 1936-61
283
Automation in
. _ _ _ . 22-23
Bran c I I es. (See B ran eh es.)
By size of banks, on basis of deposits, December 31, 1960 and 1961__
120
''Calls" for reports of condition of, dates, 1914-61
122
Capita] slock. (See Capital stock of banks,)
Charters granted in year 1961
.__
101-103
Consolidations. {See Consolidations and mergers of banks.)
Conversions to State banks, in year 1961, list of
__..
„ .
105
Deposits, (See Deposits.)
Dividends. (Sec, Income, expenses, and dividends of national banks.)
Karnings and expenses. (See Income, expenses, and dividends of
national banks.)
Failures of. (Sec Suspensions of banks.)
Fiduciary activities. (See Fiduciary activities of national banks;
District, of Columbia.)
Holding company affiliates of, number, December 30, 1961
32
Insolvent, (See Suspensions of banks.)
Investments. (See Investment of banks.)
Liquidation of, in year 1961 „
...
.
_._.
28-29, 104
Loans and discounts. [Sec Loans and discounts of banks.)
Number of:
Call dates in year 1961, by States
125-178
Chartered and closed: Since February 25, 1863
100-101
December 31, 1936-61
..__..__
283
In existence December 30, 1961, by States..—--_
100-101
With surplus fund equal to or exceeding common capital stock
1942-6.1 - .
121
With surplus fund less than common capital stock 1942—61
121
Occupancy expense of bank premises:
By size of banks (deposits), year 1961.
204-205
Year 1961, by States and Federal Reserve districts
196-197,200
Year 1961. .. _
_.. 207
Officers and employees, number and salaries of:
By size of banks (deposits), year 1961__
202
Year 1961, by States and Federal Reserve districts-.
190-191, 198
Year 1961
__
206
Purchases by other national banks, 1961__ 14
Purchases by State banks, 1961 __
___
.„___ _
14
Reports required from in year 1961
..
32
State banks purchased by, in year 1961, list of
105
Status of
„
_...
1-10



294

INDEX

National banks—Continued
Trust functions. (See Fiduciary activities of national banks.)
United States Government securities owned by. (See United States
Government securities.)
Occupancy expense of bank premises of national banks. (See National
banks; Income, expenses, and dividends of national banks.)
Officers and employees of national banks:
Number and salaries of:
By size of banks (deposits), year 1961
202
Year 1961, by States and Federal Reserve districts
190-191, 198
Year 1961
206
Organization of national banks:
Charters granted, in year 1961, list of, by States
101-103
Charters granted which were conversions of State banks, in year 1961 _ 14, 103
Charters granted which were conversions of State banks, 1950-61
15
Number of, by States, from February 25, 1863, to December 31,
1961
100-101
Summary, in year 1961
13-14, 28-29
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks: December 30, 1961, by States
277-278
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1961, by States
226-227
Assets and liabilities of banks in:
All banks, December 30, 1961
226-235
Banks other than national, December 30, 1961
246-255
National banks, call dates in 1961
174
National banks, December 30, 1961
236-245
Income, expenses, and dividends of national banks in, year 1961___ 188-197
Per capita demand and time deposits of individuals, partnerships, and
corporations, of all banks in, December 30, 1961
278
Postal savings. (See Deposits.)
Private banks:
Assets and liabilities of: December 30, 1961, by States
272-276
Suspensions. (See Suspensions of banks.)
Profits. (See Assets and liabilities of banks; Income, expenses, and dividends of national 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 1961
32
Reserves for bad debt losses on loans: Maintained by national banks
December 30, 1961
__,
.-_-_
9-10
Reserve with Federal Reserve banks. (See Assets and liabilities of banks.)
Salaries and wages of officers and employees of national banks. (See Income, expenses, and dividends of national banks.)
Savings banks. (See Mutual savings banks.)
Savings deposits. (See Deposits.)
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,
1961
279-281



INDEX

295
Page

State banks purchased by national banks, list of, during year 1961
105
State commercial banks:
Assets and liabilities of, December 30, 1961, by States
256-265
Insured, December 30, 1961
1,279-281
Member banks of Federal Reserve System, December 30, 1961__ 1, 279-281
Nonmember banks of the Federal Reserve System, December 30,
1961
1,279-281
Suspensions. (See Suspensions of banks.)
Uninsured, December 30, 1961
1,279-281
Stock savings banks, (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December 31,
1961
279-281
Suspensions of banks:
All banks:
Number, capital, and deposits of suspended banks: Since inauguration of Federal deposit insurance, years 1934-61
286
National banks:
Banks in charge of receiver in year 1961
19-20, 285
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-61
286
Number of, by States, since beginning of system
100-101
State banks:
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-61
286
Taxes. (See Income, 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
26
Trust companies. (See State commercial banks.)
Trust powers of national banks. (See Fiduciary activities of national
banks.)
United States Government deposits. (See Deposits.)
United States Government securities:
A banks:
H
December 30, 1961, by States
226-227
December 30, 1961, by classes of banks
224
December 31, 1936-61
282
National banks:
By size of banks (deposits), December 31, 1960 and 1961
120
Call dates in 1961, by States
125-178
December 30, 1961, by States
236-237
December 31, 1936-61
283
State and private banks:
December 30, 1961, by States
246-247, 256-257, 266, 272
December 31, 1936-61
284
Voluntary liquidation of national banks. (See Liquidation of national
banks.)





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