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ANNUAL REPORT OF THE

Comptroller of the Currency




DECEMBER 11, 1925

WASHINGTON
GOVERNMENT PRINTING OFFICE
1926




TREASURY DEPARTMENT

Document No. 2965
Comptroller of the Currency

TABLE OF CONTENTS
Page

Submission of the reports._-„
„....
_.«..
1
General conditions
.-_
.
.
1
Legislation recommended
._
.-...
_
1
National bank failures
.
5
Bank failures other than national8
Public debt, United States bonds, national bank, and other circulation
June 30, 1925
8
United States circulation bond transactions year ended October 31,1925.
9
Redemption of national and Federal reserve bank circulation June 30t
1925_
.
...
...
..
11
National banks of issue April 6, 1925
.
«
12
Profit on national bank circulation
12
Organization and liquidation of national banks year ended October 31,
1925, and since establishment of the system—
13
Domestic branches of national banks, list of
14
National banks, with number of additional local offices and dates of approval of their establishment, October 31, 1925..-16
Condition of national banks at date of each report called for during year
ended October 31, 1925
.
.
.....
.
19
Condition of national banks September 28, 1925:
Comparison of principal items of resources and liabilities of
20
Principal items of resources and liabilities of, by States
22
National bank liabilities on account of bills payable and rediscounts since
December 31, 1924
.
24
Loans and discounts of national banks June 30, 1925:
Statement relative to
-..„
25
Classification of, for the last three fiscal years „
.
25
Classification of, by reserve cities and States
26
Comparative statement of, for the last three fiscal years, banks in
central reserve and other reserve cities, all reserve cities and elsewhere..™
32
Comparative changes in demand and time deposits, loans and discounts,
United States Government and other bonds and securities7 and the
amount of lawful reserve of national banks since June 30, 1921
32
United States Government securities held by national banks in reserve
cities and States June 30, 1925:
Classification of, by reserve cities and States „
33, 34
Investments of national banks:
Comparison of, years ended June 30, 1924-25
36
United States Government, domestic, and foreign bonds, securities, etc.,
owned by national banks June 30, 1925:
Classification of, by reserve cities and States
.
37
Savings depositors and deposits in national banks June 30, 1925:
Statement showing, by reserve cities and States, number of banks
reporting savings deposits, number of banks maintaining separate
savings departments, number of sayings depositors, amount of
savings deposits, and average rate of interest paid
.
42
Per capita individual and savings deposits in all reporting banks June 30,
1925:
Statement showing, by States, approximate population, individual
deposits, per capita individual deposits, savings deposits, and per
capita savings deposits
„
»
._-_
44, 45
Earnings, expenses, and dividends of national banks, year ended June 30,
1925:
Statement relative to
46
Comparison of, years ended June 30, 1924-25 .
.
47
Abstract of, by reserve cities and States, June 30, 1925
48
Abstract of, by Federal reserve districts, June 30, 1925
56




in

TV

CONTENTS
Page.

National bank investments in United States Government and other
bonds and securities, etc., loans and discounts and losses charged off
on account of bonds and securities and loans and discounts, years
ended June 30, 1918 to 1925
58
Number of national banks, capital, surplus, dividends, net addition to
profits, and percentage ratios, years ended June 30, 1914 to 1925
58
National banks classified according to capital stock June 30, 1925:
Statement relative to and classification of
58
National bank examiners, list of October 31, 1925
59
Convictions of national bank officers and others for violations of the
national banking laws during the year ended October 31, 1925, list of__ 65, 66
Federal reserve system:
Statement relative to, year ended October 28, 1925
69
Resources and liabilities of, at end of each month, November, 1916 to
1920, and October, 1921 to 1925
70
Principal assets and liabilities of Federal reserve banks at the close
of each month from January 28, 1921, to October 28, 1925
71
Percentage of bills discounted secured by United States Government
obligations to total bills discounted and purchased by Federal
reserve banks at the end of each month, year ended October 31,
1925
72
Federal reserve bank discount rates in effect October 31, 1925
72
Discount rates prevailing in Federal reserve bank and branch cities, weeks
ended October 1.5, 1924, and September and October 15, 1925
73
Rates for money in New York:
Range of, monthly in the year ended October 31, 1925__
74, 75
Comparison of range of, annually from January, 1916, to October 31,
1925
76
New York clearing house:
Transactions of, year ended September 30, 1925
77
Clearing-house associations in the 12 Federal reserve bank cities, and elsewhere year ended September 30, 1925
77
Banks, other than national, June 30, 1925:
State (commercial) banks, statement and summary relative to
77
Loan and trust companies, statement and summary relative to
79
Principal items, of resources and liabilities of loan and trust companies
in June of each year, 1914 to 1925
81
Stock savings banks, statement and summary relative to
81
Mutual savings banks, statement and summary relative to
83
Depositors and deposits in mutual and stock savings banks, by States,
June 30, 1924 and 1925
85-87
Number of sayings banks (mutual and stock), number of depositors,
amount of individual deposits, and average amount due each depositor in years ended June 30, 1914 to 1925
88
Private banks, statement and summary relative to
88
All reporting banks other than national, statement and summary
relative to
90
Resources and liabilities of each class of
92
Principal items of resources and liabilities of, on or about June 30,
1920 to 1925
,
92
Resources and liabilities of all reporting banks, June 30, 1925:
Statement relative to, and abstract by States
93, 94
Condensed statement of
104
Individual deposits in, classification of
105
Years ended June 30, 1920 to 1925
106
Assets and liabilities of, including Federal reserve banks
106
Cash, classification of, held by_
107
Money in the United States:
Stock of, June 30, 1925, statement relative to
108
Stock of, years ended June 30, 1914 to 1925
108
United States circulation statement, July 1, 1925
109
Imports and exports of merchandise, gold and silver, calendar years 1914
to 1924, and from January 1 to September 30, 1925
110
Banking power of the United States, June 30, 1925:
Classification of
110, 111



CONTENTS

Banks in the District of Columbia:
Number, capital, individual deposits, and aggregate resources of,
June 30, 1925
„
111
Earnings, expenses, and dividends of banks other than national in,
statement relative to and comparison of, in years ended June 30,
1924-25
.
112,113
Building and loan associations in the District of Columbia:
Statement relative to, in the year ended June 30, 1925- „
113
Number of, loans, installments on shares, and aggregate resources,
years ended June 30, 1909 to 1925
114
Building and loan associations in the United States:
Statistics relating to, in. the year 1924-25
114,115
Monetary stocks in the principal countries of the world:
Statistics relating to, at the end of the calendar year 1924
115
Federal land banks, condition of, September 30, 1925
120
Joint-stock land banks, condition of, September 30, 1925
121
Federal intermediate credit banks, condition of, September 30, 1925
122
National agricultural credit corporations:
Provisions of the law authorizing incorporation of
123
Report of first association organized
127
United States postal savings system:
Statistics relating to activities of, years ended June 30, 1924-25
127
School savings banks:
Statistics relative to, in each State, in the school year 1924-25__
132
Savings banks in principal countries of the world:
Statistics relative to, as of various dates
133
Resources of leading foreign banks of issue:
Statement relative to, on or about June 30, 1925
136
Expenses of the Currency Bureau:
Summary of, in the fiscal year ended June 30, 1925
137




APPENDIX
Digest of decisions relating to national banks

.

*_^

141

TABLES

No. 1. Comptrollers and Deputy Comptrollers of the Currency
No. 2. Names and compensation of officers and clerks in the office of the
Comptroller of the Currency, October 31, 1925
No. 3. Number of national banks organized since February 25, 1863;
number passed out of the system, and number in operation
October 31, 1925
1
No. 4. Authorized capital stock of national banks on the 1st day of each
month from January 1, 1914, to November 1, 1925, bonds on
deposit to secure circulation, circulation secured by bonds, lawful money on deposit to redeem circulation, and national-bank
notes outstanding
:
:
No. 5. National banks reported in liquidation from November 1? 1924, to
October 31, 1925, names (where known) of succeeding banks
in cases of succession, with date of liquidation and capital
No. 6. Capital stock, surplus, undivided profits, and aggregate resources
of national banks consolidated under act of November 7, 1918,
for year ended October 31, 1925, as shown by their last reports
of condition prior to consolidation
No. 7. National banks consolidated under act of November 7, 1918, their
capital, surplus, undivided profits, and aggregate assets, year
ended October 31, 1925
.
No. 8. Number and capital of State.banks converted into national banking associations in each State and Territory, from 1863 to
October 31, 1925
No. 9. Conversions of State banks and primary organizations as national
banks since March 14, 1900, to October 31, 1925
No. 10. Number of national banks increasing their capital, together with
with the amount of increase monthly, for years ended October
31, since 1921
_
"
No. 11. Number and authorized capital of national banks chartered and
the number and capital stock of banks closed in each, year
ended October 31, since 1913, with the yearly increase or decrease
No. 12. Number of national banks organized, consolidated under act of
November 7, 1918, insolvent, in voluntary liquidation, and in
operation on October 31, 1925
No. 13. Changes of corporate title of national banks, year ended October
31,1925
No. 14. Changes of title incident to consolidations of national banks, year
ended October 31, 1925
No. 15. National banks chartered during the year ended October 31, 1925_
No. 16. National banks, by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during the year
ended October 31, 1925
No. 17. Number and classification of national banks chartered monthly
during the year ended October 31, 1925
No. 18. Classification of national banks, by reserve cities and States,
according to capital stock, June 30, 1925
No. 19. United States bonds on deposit to secure circulating notes of
national banks in years ended October 31, from 1900 to 1925-_
No. 20. Profit on national-bank circulation, based upon deposit of $100,000
United States consols of 1930, etc., for each month during the
year ended October 31, 1925
No. 21. Investment value of United States bonds and Panama Canal
bonds, 4's of 1925 and 2's of 1930
No. 22. United States bonds, monthly range of prices in New York, November, 1924, to October, 1925_
VI




183
183
185

186
188
192
193
193
194
194
194
195
196
197
197
202
203
204
214
215
216
216

APPENDIX

VII
Page

No. 23. Number, capital stock, and circulating notes outstanding of national banks in each State issuing circulation, and number and
capital stock of banks not issuing circulation, December 31,
1924, and April 6, 1925
No. 24. Number, capital stock, and circulating notes outstanding of national banks in each Federal reserve district, issuing circulation
and number and capital stock of banks not issuing circulation,
December 31, 1924, and April 6, 1925
No, 25. National-bank notes issued, redeemed, and outstanding, by denominations, and amounts, on October 31, in each year from
. 1914 to 1925, inclusive
No. 26. National-bank currency issued to banks monthly, from November
1, 1924, to October 31, 1925, and since 1863
No. 27. National-bank notes received monthly for redemption by the
Comptroller of the Currency, during year ended October 31,
1925"
No. 28. National-bank notes received at Currency Bureau and destroyed
yearly since establishment of the system
No. 29. National-bank notes issued and destroyed, etc., account of active,
insolvent, and liquidated banks, years ended October 31, 1914
to 1925
No. 30. Amount, denomination, and cost of national-bank currency received from Bureau of Engraving and Printing, year ended
October 31, 1925
No. 31. Vault account of currency received and issued by Currency Bureau during the year, and the amount on hand October 31, 1925_
No. 32. Vault account of currency received and destroyed during year
ended October 31, 1925
No. 33. Amount of currency received for redemption, by months, during
the year ended June 30, 1925, and counted into the cash of
the National Bank Redemption Agency
No. 34. Amount of currency received by National Bank Redemption
Agency for redemption during year ended June 30, 1925, from
principal cities and other sources
No. 35. Classification of national and Federal reserve currency redemptions, the amount of each class redeemed, the rate per $1,000,
and the amount assessed on account of expenses, year ended
June 30, 1925
'
No. 36. Cost of redemption of Federal reserve and national currency for
year ended June 30, 1925
No 37. Taxes assessed on national-bank circulation, years ended June 30,
1864, to 1925; cost of redemption 1874 to 1925; cost of plates
and examiners' fees, 1883 to 1925
No. 38. Federal reserve notes outstanding according to weekly statement
(amount issued by Federal reserve agents to the banks, less
"unfit" notes returned for redemption), amount secured by
gold, and amount secured by commercial and other eligible
paper, from Movember 5, 1924, to October 28, 1925
No. 39. Federal reserve notes printed, issued to banks, retired, and destroyed since organization of the banks, with the balance in
vaults and amount outstanding October 31, 1925
No, 40 Aggregate amount of Federal reserve bank notes printed, issued,
canceled, and redeemed, by denominations, since the inauguration of the Federal reserve system, and amount on hand and
outstanding October 31, 1925
No. 41. Taxes assessed on Federal reserve bank currency, cost of redemption, and cost of plates for years ended June 30, 1915, to 1925
No. 42. National banks in charge of receivers year ended October 31,
1925, capital and surplus at date of organization and at date
of failure, causes of failure, dividends paid while solvent, and
circulation outstanding, etc
No. 43. National banks in charge of receivers year ended October 31,
1925, dates of organization, appointment of receiver and closing,
with amounts of nominal and additional assets, amounts collected from all sources, loans paid, and losses on assets, etc
_



213

220
222
223
223
224
224
225
225
225
225
226

226
226
227

228
229

230
230

231

240

VIII

APPENDIX

No. 44. National banks restored to solvency after having been placed in
charge of receivers
No. 45. Dividends paid to creditors of insolvent national banks during
the last year, with the total dividends in each case, up to
November 1, 1925
No. 46. Dates of reports of condition of national banks from 1914 to 1925No. 47. Condition of foreign branches of National City Bank and Chase
National Bank, New York, N. Y., and First National Bank,
Boston, Mass., June 30, 1925
No. 48. Number, capital stock paid in, circulation outstanding, and
aggregate assets of national banks at date of each report from
January 13,1914, to September 28,1925, money in the United
States, etc
No. 49. Abstract of resources and liabilities of national banks in New
York, in the two central reserve cities, in other reserve cities,
elsewhere, and the aggregate, at close of business September 28, 1925
No. 50. Classification of loans by national banks in central reserve cities,
etc., at date of midsummer report, June 30, 1920, to June 30,
1925
No. 51. Classification of deposits of national banks in reserve cities and
States, at date of each report during year ended September 28,
1925
No. 52. Cash in vaults of national banks in reserve cities and States, at date
of each report during year ended September 28, 1925
No. 53. Circulation of national banks in reserve cities and States, at date
of each report during year ended September 28, 1925
No. 54. Gold, silver, coin certificates, legal tenders, and other currency
held by national banks at date of each report from January 13,
1914, to September 28, 1925
No. 55. Specie held by national banks in the city of New York at date of
each report from January 13, 1914, to September 28, 1925
No. 56. Reserve held by national banks at date of each report from
September 11, 1917, to September 28, 1925
No. 57. Reserve computation of national banks in reserve cities and
States at date of each report during year ended September 28,
1925
1
No. 58. Aggregate resources and liabilities of national banks at date of
each report from January 13, 1914, to September 28, 1925
No. 59. Abstract of reports of condition of national banks in reserve
cities and States at date of each report during year ended
September28, 1925
No. 60. Abstract of reports of condition of national banks in each Federal
reserve district at date of each report during year ended September 28,1925
No. 61. Classification of loans, investments, and deposits of national
banks in June of each year, 1914 to 1925, inclusive
No. 62. Principal items of resources and liabilities of national banks
arranged alphabetically by counties in each State, April 6,
1925
No. 63. Principal items of resources and liabilities of national banks
arranged alphabetically by counties in each State, by Federal
reserve districts, April 6, 1925
No. 64. Abstract of reports of savings and State banks in the District of
Columbia at date of each report during year ended September 28, 1925
No. 65. Abstract of reports of loan and trust companies in the District of
Columbia at date of each report during year ended September 28, 1925
No. 66. Principal items of resources and liabilities of each savings and
State bank in the District of Columbia, September 28, 1925__
No. 67. Principal items of resources and liabilities of each loan and trust
company in the District of Columbia, September 28, 1925
No. 68. Principal items of resources and liabilities of loan and trust
companies in the District of Columbia on or about October 1,
1914 to 1925



Page

260
261
266
267
271
272
274
277
293
301
305
308
310
311
319
333
449
457
460
520
584
585
586
588
589

APPENDIX

IX
Page

No. 69. Principal items of resources and liabilities of savings and State
banks in the District of Columbia on or about October 1,
1914 to 1925
No. 70. Summary of resources and liabilities, receipts and disbursements
of building and loan associations in the District of Columbia
for the six months' period ended on or about December 31,
1924
.
No. 71. Summary of resources and liabilities, receipts and disbursements
of building and loan associations in the District of Columbia
for the six months' period ended on or about June 30, 1925
No. 72. Abstract, by States, of resources and liabilities of State (commercial) banks, June 30, 1925
No. 73. Abstract, by States, of resources and liabilities of loan and trust
companies, June 30, 1925
No. 74. Abstract, by States, of resources and liabilities of stock savings
banks, June 30, 1925
No. 75. Abstract, by States, of resources and liabilities of mutual savings
banks, June 30, 1925
.---.-.-.No. 76. Abstract, by States, of resources and liabilities of private banks,
June 30, 1925
No. 77. Abstract, by States, of resources and liabilities of all reporting
banks other than national, June 30, 1925
No. 78. Abstract, by States, of resources and liabilities of national banks,
June 30, 1925
No. 79. Aggregate resources and liabilities of State (commercial) banks,
June, 1921 to 1925
No. 80. Aggregate resources and liabilities of loan and trust companies,
June, 1921 to 1925
No. 81. Aggregate resources and liabilities of stock savings banks, June,
1921, to 1925
No. 82. Aggregate resources and liabilities of mutual savings banks, June,
1921, to 1925
No. 83. Aggregate resources and liabilities of private banks, June, 1921 to
1925
No. 84. Gold, silver, etc., held by banks other than national, June, 1914
to 1925, inclusive
No. 85. Chartered banks of Canada, condition of, September 30, 1925
No. 86. Chartered banks of Canada, monthly statement showing principal
items of resources a id liabilities, year ended September 30,
1925
No. 87. Comparative statemen; of the transactions of the New York
Clearing House in ea( h year ended September 30, 1854 to 1925_
No. 88. Comparative statemen of the clearings, etc., of the New York
Clearing House, year i ended September 30, 1925 and 1924
No. 89. Exchanges, balances, percentages of balances to exchanges, and
percentages of funds ised in settlement of balances by the New
York Clearing House in each year, 1893 to 1925, inclusive
No. 90. Comparative statement, of the exchanges of the clearing houses
of the United States for years ended September 30, 1925 and
1924
No. 91. Comparative statement of transactions of clearing-house associations in the 12 Federal reserve bank cities and in other cities
with transactions of $1,000,000,000 and over in years ended
September 30, 1925 and 1924
1
No. 92. Number and liabilities of State, private and national banks, which
failed in each State, year ended June 30, 1925
No. 93. Number, assets, and liabilities of State (commercial) savings
banks, loan and trust companies, private and national banks
which failed in years ended June 30, 1914, to June 30, 1925- __
No. 94. Showing individual statements of resources and liabilities of
each national bank (States, Territories, and towns arranged
alphabetically) at close of business September 28, 1925, is
omitted from this report and published as a separate table.




589

590
591
592
600
608
612

616
620
628
636
636
637
637
638
638
639
639
640
641
641
642

645
646
648

REPORT
OF THE

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

Washington, December 11, 1925,
I have the honor to submit the following annual report,
in accordance with the provision of section 333, of the United States
Revised Statutes, covering activities of the Currency Bureau, in the
year ended October 31, 1925. This is the sixty-third report made
to the Congress since the organization of the bureau.
DEAR SIR:

GESTEEAL CONDITIONS
The continued upward trend of business, generally, is reflected in
the increasing volume of clearings, rising to over $505,299,000,000
in the year ended September 30, 1925, about $62,605,000,000 higher
than during the prior year. In the same period loans and discounts
of national banks increased from $12,210,000,000 to $13,134,000,000,
total loans and investments from $17,844,000,000 to $19,105,000,000,
and aggregate resources from $23,323,000,000 to $24,570,000,000.
From statements relative to State incorporated banks, an even
greater development is shown.
The gross earnings of national banks in the year ended June 30,
1925, were $1,124,000,000 and exceeded by $49,000,000 gross earnings for the prior year, net earnings, after payment of all expenses,
were $365,000,000 compared with $343,000,000 in the preceding
year, total losses charged off were $141,000,000, a reduction of
$6,000,000 and net addition to profits, after charging off ail losses,
amounted to $224,000,000 exceeding by $28,000,000 the amount in
1924. Dividends declared by these banks to the amount of $165,000,000 exceeded the amount in the previous year by $1,000,000
and were equal to 6.63 per cent on their capital and surplus.
kECHSLATIQIff RECOMMENDED

In the last two annual reports of the Comptroller of the Currency
my predecessor strongly recommended certain amendments to the
national banking laws, the purpose of which was to improve the
operating powers of national banks in several particulars to the end
that the national banking system might be able to meet the modern
requirements for banking services. These recommendations formed
the substance of the bill H. It. 8887, Sixty-eighth Congress, second
1




2

REPORT OF THE COMPTROLLER OF THE CURRENCY

session, which passed the House by a large majority but which
failed to be reached in the Senate.
The principal features of this bill and the reasons in detail why
each proposed amendment is necessary are set forth in the reports
of the Comptroller of the Currency for 1923 and 1924. I most
urgently recommend the prompt reintroduction and enactment of
this legislation.
The bill as it passed the House contained certain provisions (embodied in sec. 9) which in effect would prohibit the further spread
of State-wide branch banking within the Federal reserve system.
Under them it would be unlawful for State member banks to establish branches outside of the city in which the parent bank is located,
and nonmember banks having such outside branches *could become
members only upon the condition that they relinquish such branches.
These provisions follow the recommendations made by the Comptroller of the Currency for the past two years. These recommendations were based upon the assumption, in the first place, that Statewide branch banking is wrong in principle and that as a national
policy the national banks should not be permitted to engage therein,
and in the second place upon the absolute necessity of protecting
the national bank members of the Federal reserve system from the
encroachment of this form of branch banking within the Federal reserve system itself. With this position I am in complete accord.
The national banks in those communities where State member banks
of the Federal reserve system are now engaged in state-wide branch
banking have found themselves in an intolerable situation. This
form of branch banking in the United States is a recent development
and has made headway in only a few localities. The enactment of
the provision above referred to would have a strong tendency toward
restoring the equilibrium between the State and national banks
within the Federal reserve system in branch banking territory and
would undoubtedly have the further effect of preserving the stability
and permanence of the Federal reserve system itself.
It is a misnomer to call this bill a branch banking bill. The
measure proposes to amend the national banking laws in some 18
particulars, only 4 of which relate in any way to branch banking.
The other provisions of the bill, such as the authority to lend one-half
of the savings deposits upon the security of first mortgages upon improved real estate, the authority to hold their charter powers for an
indeterminate period subject to the will of Congress, the regulation
of the investment security business, and other provisions of this
measure will enable the national banks to carry on a modern banking
business along the lines already approved by many State laws. The
amendments proposed in the bill have had a most thorough and expert
investigation and analysis and have been reduced to the minimum.
They are based upon sound principles of banking. Their enactment
into law would enable all national banks to meet more readily the
competition from State banks and trust companies which have for
a number of years had the authority to do what it is now proposed to
confer upon the national banks. This proposed legislation has the
approval generally of the banking fraternity.
Apart from the question of the restrictions upon branch banking
proposed by section 9 of the House bill, which section was stricken
out by the Senate Committee on Banking and Currency, that com


REPORT OF THE COMPTROLLER OF THE CURRENCY

3

mittee in reporting the bill to the Senate proposed a number of valuable amendments to the House measure. While practically no new
substantive legislation was proposed in these amendments, they
nevertheless had the effect of giving greater clarity and precision to
the provisions of the bill. The Senate committee also restored to
the bill a number of proposed provisions which would penalize the
commission of crimes against member banks of the Federal reserve
system and against national banks in particular. These provisions
were included in the bill as reported to the House but were stricken
out on the floor. It is recommended that serious consideration be
given to the question of including these criminal provisions in the bill.
The need for the immediate enactment of this proposed legislation
is greater now than ever. Not only has there been a continuance of
serious withdrawals, but many national banks have become restive
on account of being compelled to operate under certain archaic provisions of the national bank act. They prefer to remain national
banks, but in the final analysis the attractiveness of a modern State
charter may prove controlling. The number of losses of national
banks to the various State systems within the past two years is formidable enough to arouse the serious attention of the Government of the
United States. Many of these banks had been in the national system for more than 50 years.
From October 21, 1923, to October 17, 1925, 166 national banks
left the national system to engage in the banking business under
State charter. These carried with them total resources of $566,600,000. They include 25 national banks in California, with total resources of $136,000,000; 9 national banks in Illinois, with total
resources of $128,000,000; 6 national banks in New York, with total
resources of $121,000,000; 8 national banks in Ohio, with total resources of $54,000,000; 25 national banks in Oklahoma, with total
resources of $10,000,000; 13 national banks in Pennsylvania, with
total resources of $22,000,000, and a scattered number of banks in
all of the other States.
In comparison with these figures consideration may properly be
given to the question of the conversion of State banks, into national
banks during the last two years. The total number of such conversions was 113, with total resources of $245,000,000. The number of
national banks entering the State systems being 166, with total resources of $566,600,000, there was a net loss to the national system
in numbers of 53 banks and a net loss in resources of $321,600,000.
However, of these State banks converting into national banks attention must be called to the fact that 64 of them, with total resources
of $38,000,000, were located in the State of Texas. They converted
into national banks en masse in order to escape the operations of
the State guaranty of deposit laws. This is an abnormal development and should the State law be favorably amended, undoubtedly
many of these banks will return to the State system. Outside of
Texas, only 49 State banks during the past two years converted into
national banks. These had total resources of $207,000,000; 4 of
these were banks in New York Citv, with total resources of $131,800,000. Deducting the resources of the 4 New York banks and the
Texas banks the aggregate resources of converting State banks in
all other parts of the Union were $74,800,000.



4

BEPOET OF THE COMPTROLLER OE THE CURRENCY

The above figures, however, do not tell the whole story. I t is a
well-known fact that many other national banks are anxiously awaiting
the enactment of such a bill as that which failed at the last session of
Congress. If they can not at this time obtain some such amendments
to their charter powers as are therein proposed there will be a still
greater exodus from the national system.
Although the total resources of national banks has steadily
increased year by year and the condition of individual national banks
is strong, nevertheless the relative increase in total resources of
national banks has been slowly falling off year by year as compared
with the resources of the State banks and trust companies, In the
last annual report of this office my predecessor called your attention
to the fact that during the 40-year period, ending with the fiscal year
1924, the total resources of national banks had fallen from 75 per
cent of the total banking resources to about 47 per cent. The total
banking resources of State and national banks, exclusive of savings
banks, at the present time are about $52,057,000,000, of which about
$24,351,000,000 are in the national banks and $27,706,000,000 are
in the State banks and trust companies which are engaged in the
commercial banking business in competition with national banks.
In addition the savings banks have total resources of about
$10,000,000,000, but these figures are not included in this comparison.
The percentage, therefore, of the resources of the national banks to
the total resources of all banks engaged in carrying on the business of
commercial banking has during the past year dropped a fraction
below 47 per cent.
These facts present a serious situation for the consideration of the
Congress and I am directing your attention thereto at this time
chiefly for the purpose of showing that the adverse conditions of
national bank operations, as to which my predecessor so urgently
recommended remedial legislation, are becoming daily accentuated.
The national banking system is a time-honored Federal instrumentality. The charter powers of 'the individual national banks are
derived solely from the Congress. Twice in the history of the United
States, namely, immediately after the Civil War and immediately
preceding the World War, the Federal Government was able to
enforce a banking policy at a time of great financial stress through its
authority to use the national banking system as an instrument for
the public benefit. The individual national bank is always ultimately able to take care of itself in meeting the competitive conditions due to more favorable State laws by giving up its national
charter and going into the State system. But the gradual loss of
national banks and the consequent decrease in relative resources of
the national banking system is of primary concern to the National
Government, not only because the national banks form the logical
and permanent basis of the Federal reserve system but also because
only through the national banking system can there be maintained
throughout the United States a standardized system of banking subject to the visitorial powers of the Federal Government and subservient at all times to the will of the Congress.




REPORT OF THE COMPTROLLER OF THE CURRENCY

5

NATIONAL BANK FAXLTJEES

The number of national bank failures during the current year shows
a considerable decrease from that of last year. During the comptroller's report year ended October 31, 1925, 98 national banks
became insolvent as compared with 138 national banks for the year
ended October 31, 1924. The last half of the present report year has
shown a decided decrease in the number of failures compared with
the first half, the proportion being 35 to 63. Nine of these failed
banks have been succeeded by new national bank organizations that
purchased their assets and assumed the payment to creditors of part
or all of their liabilities, The total amount of assets of the 98 insolvent banks was $47,837,945. Only one of these failed banks had
total assets as high as $3,400,000, and only 15 had assets in excess of
$1,000,000. The aggregate capitalization $6,420,000, was distributed
as follows: Thirty-eight at $25,000 each, 37 at from $25,000 to
$50,000, 12 at $100,000, and 11 in excess of $100,000, namely, 3 at
$150,000, 6 at $200,000, 1 at $250,000, and 1 at $400,000.
It will be observed that a large majority of these failures were small
banks and that the total assets of all were materially less than assets
of any one of many of the urban national banks. Seventy-one of these
insolvent banks were located west of the Mississippi River, 51 of
which were in the grain country north of Kansas and 20 in the cattle
country of the Southwest. There were 15 failures in the three States
of North Carolina, South Carolina, and Georgia. The remaining 12
failures were in various other States.
While unfavorable agricultural conditions have contributed in a
large measure to the closing of a number of these banks, still it must
be borne in mind that the greater number of failures occurred where
the territories have had too many banks per capita and where too
many bank charters were issued during the boom period of the war
and immediately after peace was declared. Not only was there
insufficient business for the support of these banks but their organization resulted in hazardous and unwarranted competition.
Upon an analysis of the cause of these failures, it appears that 49
were due to economic conditions, crop failures caused by drought,
and the fall in market prices for livestock. Thirty-nine were caused
by inexperience and mismanagement by officers and directors and
only 10 by the defalcation of an officer or employee of a bank. The
first two named causes might be consolidated and attributed to
strong competitive banking without the proper banking experience
and banking ability, for, after all, the fact remains that there are
many solvent banks remaining in these territories where the failures
have been most prolific and that such banks are in charge of and have
been managed by capable and experienced men who, under the strongest pressure of competition, have been able to loan and invest the
bank's funds without incurring disastrous losses.
Economic conditions in the territories where the largest number
of failures have occurred are much improved and the banking industry is rapidly adjusting itself to normal conditions. It is believed
that the experience gained by bankers in the past 10 years will be of
great value to the banking business of the future and out of it will
come better qualified bankers, more conservative management, and
greater safety to depositors.



6

BEPORT OF THE COMPTROLLER OP THE CURRENCY

In the year ended October 31, 1925, 98 national banks, with aggregate capital of $6,420,000, were placed in charge of receivers. The
date each bank was authorized to commence business, date of appointment of the receiver, the capital stock, and the circulation outstanding at date of failure are shown in the appendix of this report.
From date of the first failure of a national bank in 1865 to October
31, 1925, the number of banks placed in charge of receivers was 947.
Of this number, however, 61 were subsequently restored to solvency
and permitted to resume business. The total capital of all insolvent
banks at date of failure was $119,300,920, while the book or nominal
value of the assets administered by receivers under the supervision
of the comptroller aggregated $614,982,469 and the total cash thus
far realized from the liquidation of these assets amounted to
$282,989,284. In addition to this, there has been realized from assessments levied against shareholders the sum of $31,418,330, making the
total cash collections from all sources $314,407,614, which have been
disbursed as follows:
In dividends to creditors on claims proved, amounting to
$327,253,141, the sum of
$188, 697, 889
In payment of secured and preferred liabilities
84, 967, 657
In payment of legal expenses incurred in the administration of
such receiverships
6, 940, 375
In payment of receivers' salaries and other expenses of receiverships
15, 449, 753
There has been returned to shareholders in cash
4, 141, 830
Leaving a balance with the comptroller and receivers of_~
14, 210, 110

Assets have been returned to agents for shareholders, to be liquidated for their benefit, having a nominal value of $16,000,653.
The book value of the assets of the 318 national banks that are still
in charge of receivers amount to $218,927,454. The receivers had
realized from these assets at the close of business on October 31, 1925,
the sum of $79,649,962 and had collected from the shareholders on
account of assessments levied against them to cover deficiencies in
assets the further sum of $6,692,124, making the total collected from
all sources in the liquidation of active receiverships the sum of
$86,342,086, which amount has been distributed as follows:
Dividends to creditors (to Sept. 30, 1925)
$28, 907, 387
Secured and preferred liabilities paid
„
Legal expenses
J
Receivers' salaries and all other expenses of administration
Amount returned to shareholders in cash
Leaving a balance with the comptroller and the receivers of

37,607,818
897, 790
4, 368, 981
350, 000
14, 210, 110

Receiverships of 17 national banks were closed during the year,
making a total of 629 closed receiverships.
Collections from the assets of the 629 national banks, the affairs
of which have been finally closed, amounted to $203,339,322, and
together with the collections of $24,726,206 from assessments levied
against shareholders make a total of $228,065,528, from which on
claims aggregating $205,263,410 dividends were paid amounting to
$159,790,502.
Average rate of dividends paid on claims proved was 77.84 per
cent, but including offsets allowed, loans paid, and other disbursements with dividends, creditors received on an average 84.24 per
cent.
Expenses incident to the administration of these 629 trusts—that
is, receivers7 salaries and legal and other expenses—amounted to

$17,123,357 or 4.32 per cent of the nominal value of the assets and


REPORT OF THE COMPTROLLER OF THE CURRENCY

7.50 per cent of the collections from assets and from shareholders.
The outstanding circulation of these banks at the date of failure
was $31,133,466, which was secured by United States bonds on deposit
in the Treasury of the face value of $33,478,100. The assessments
against shareholders averaged 52.03 per cent of their holdings, while
the collections from the assessments levied were 48.87 pjer cent of the
amount assessed. The total amount disbursed in dividends during
the current year to the creditors of insolvent banks was $15,073,057.
In the table following is summarized the condition of all insolvent
national banks, the closed and active receiverships being shown
separately:
Closed receiverships, 629 i

Active receiverships, 318

$396, 055, 015

Items

$218, 927,454

203, 339,322
35,923, 977
140,791,063
16,000,653

79, 649, 962
14,129, 734
13,854,637

Total assets taken charge of by receivers...
Disposition of assets:
Collected from assets
Offsets allowed and settled
Loss on assets compounded or sold under order of court.
Nominal value of assets returned to stockholders
Nominal value of remaining assets.
Total.

50,053,711
154,645, 700
16, 000, 653
111, 293.121

218,927,454

614,982,469

203,339, 322
24, 726, 206

282,989, 284
31,418, 330

86, 342,086

314,407, 614

47,359,839
159,790, 502
6,042, 585
11,080, 772
3,791,830

37,607,818
28,907,387
897, 790
4, 368, 981
350,000
14, 210,110

84,967, 657
188, 697, 889
6,940,375
15,449, 753
4,141, 830
14,210,110

228,065, 528

Total-

79,649,962
6, 692,124

228,065, 528

Capital stock at date of failure
_
United States bonds held at failure to secure circulating
notes
Amount realized from sale of United States bonds held to
secure circulating notes
_
Circulation outstanding at failure_
A mount of assessment upon shareholders
Claims proved
__.
1

$614, 982, 469

111, 293,121
396,055,015

Collected from assets as above
Collected from assessments from shareholders..
Total collections..
Disposition of collections:
Secured and preferred liabilities paid
Dividends paid
Legal expenses
_
Receivers' salary and other expenses
Amount returned to shareholders in cash.
Balance with comptroller and receiver

Total, 947

86,342,086

314,407,614

2

97, 225,920

22,075,000

119,300,920

33,478,100

13,323,010

46,801,110

35,120,712
31,133,466
50, 591, 240
205,263,410

4,433,467
11,697, 852
19, 320,000
121,989, 731

39,554,179
42,831, 318
69, 911, 240
327,253,141

Includes 61 banks restored to solvency. 2 includes capital stock of 61 banks restored to solvency.

Statistics relative to the capital, date of appointment of receiver,
and per cent of dividends paid to creditors of 13 insolvent national
banks, the affairs of which were closed during the year ended October
31, 1925, appear in the following table:
Location

Title

Mount Vernon National Bank
First National Bank
Commonwealth National Bank
Emmetsburg National Bank
First National Bank
Farmers National Bank
.
Fi<*st National Bank
Silver City National Bank
First National Bank
Citizens National Bank
National Border Bank
First National Bank
First National Bank
1

Includes 100 per cent of interest.


fi774fi°—2fif


2

Mount Vernon, N . Y . _ .
Newman, Calif
Reedville, Va
Emmetsburg, Iowa
. Sidney, Nebr
Big Sandy, Mont
Coiquitt, Ga
Silver City, N. Mex
,„._ Alexandria, 3. Dak
C enterville, T e n n . .
_
El Paso, Tex
Dodge, Nebr
Savoy, Mont . - _

Date receiver
appointed
Apr,
Jan.
Feb.
Mar.
May
Jan.
Aug.
May
June
Oct.
Oct.
Nov.
Jan.

Per cent
Capital dividendf
paid to
creditors

19,1911 $200,000
58. 85
31,1920
50,000
49.50
16,1921
25,000
88.67
11,1921
50,000
60.7o
27,1921
50,000
43.25
3,1922
25,000
10. 50
14,1923
50,000 1 109. 30
14,1924
100,000
50.
23,1924
25,000
82. 4f>
28,1924
30,000
92. 49
30,1924 200,000
75.
22,1924
50,000
100.
3,1925
25,000, » 104.

8

REPORT OF THE COMPTROLLER OF THE CURRENCY

BANK FAILURES OTHER THAN NATIONAL

In the fiscal year ended June 30, 1925, information was received
from the banking departments of the several States, with respect to
the failure of 440 State and private banks, with liabilities of
$118,728,046. These figures show a reduction in the number of
failures, as compared with the year ended June 30, 1924, of 337
banks, and a reduction in the amount of liabilites of $104,459,954.
Statistics relative to the failure of banks other than national and
national banks in each State, in the year ended June 30, 1925, and
for years ended June 30, 1914 to 1925, are published in the appendix
of this report.
PUBLIC DEBT, UNITED STATES BONDS, NATIONAL BANK,
AND OTHER CIRCULATION

In the table following relating to the public debt of the United
States on June 30, 1925, and Government bonds on deposit with the
Treasurer of the United States on the same date, it will be observed
that the total net public debt was $20,439,234,256.19, all of which
with the exception of $228,328,005 is interest bearing. The net
debt is shown to be less by $738,811,015 than at the close of the prior
fiscal year.
By reason of the call for redemption at maturity (February 1 last)
of the outstanding 4 per cent loan of 1925 amounting to $118,489,900,
bonds eligible as security for national-bank circulation were reduced
in amount to $674,625,630, consisting of $599,724,050 consols of 1930
and $74,901,580 Panama Canal 2's. Of these bonds the Treasurer
held as security for national-bank circulation $665,061,330, as security
for public deposits $495,500, and for postal savings $213,700. This
leaves only $8,855,100 bonds of these classes held otherwise than by
the Treasurer as security for circulation and deposits.
National-bank circulation outstanding at the close of the fiscal
year aggregated $733,366,074, of which $660,501,393 was secured by
bonds and $72,864,681 secured by lawful money held by the Treasurer of the United States to provide for the redemption of the notes
of banks retiring circulation and on account of those in liquidation.
The combined paper currency, United States notes, Federal reserve
bank and national bank notes amounted to $5,585,944,967, the issues
of national bank notes representing approximately 14 per cent, Federal
reserve notes 35 per cent, legal tenders 6 per cent, and gold and silver
certificates 45 per cent. The aggregate stock of money was $8,221,000,000, hence the paper currency, excluding the coin certificates,
was 36.9 per cent of the total circulating medium.
The paid-in capital of the national banks in existence at the close
of the last fiscal year was roundly $1,376,000,000, and as the amount
of bonds eligible as security for circulation had been reduced to some
$674,625,000, it is evident that the amount of national bank circulation issuable has been reduced to approximately 50 per cent of the
maximum amount authorized by law, the paid-in capital stock being
the measure of that maximum. This condition has resulted in the
reduction in the percentage of currency-issuing banks from 90 in 1924
to 85 in 1925.



9

BEPOET OF THE COMPTROLLER OF THE CURRENCY

Statements hereinbefore referred to relative to the public debt and
securities held in trust by the Treasurer of the United States are as
follows:
Statement of the public debt of the United States, June 80, 1925
DETAILS OF INTEREST-BEARING DEBT

Bonds eligible as security for national-bank circulation:
2 per cent consols of 1930
$599, 724, 050. 00
2 per cent Panama Canal loan of
. 1916-1936
48, 954? 180. 00
2 per cent Panama Canal loan of
1918-1938-....
....
25, 947, 400. 00
Other bonds, etc.:
3 per cent Panama Canal loan of 1961
3 per cent conversion bonds of 1946-47
i
2J^j per cent postal-savings bonds (first to twenty-eighth
series)
First Liberty loan, 1932-1947, 3J^, 4? and 4>i per centSecond Liberty loan, 1927-1942, 4 and m per cent___
Third Liberty loan, 1928, 4M per cent
Fourth Liberty loan, 1933-1938, 434 P ^ cent
Treasury bonds, 1947-1952, 4 34 per cent
Treasury bonds, 1944-1954, 4 per cent__.
Treasury notes, 1925-1927 (including adjusted service
series)
Certificate's of indebtedness. 1925-26 (including adjusted service series)
__
Treasury (war) savings securities, series 1921-1923 (including thrift and Treasury savings stamps, unclassified sales, etc.)
.
.
„__

$674, 625, 630. 00
49, 800? 000. 00
28, 894, 500. 00
11, 995. 880. 00
1, 951, 519, 650. 00
3, 104, 558? 750. 00
2, 885, 377, 350. 00
6, 324, 481; 200. 00
763, 948, 300. 00
1, 047, 088, 500. 00
2, 404, 241, 400. 00
578, 685, 000. 00
385, 690, 091. 35

Total interest-bearing debt outstanding
Matured debt on which interest has ceased
Debt bearing no interest-.
_

20, 210, 906, 251. 35
30, 242, 930. 26
275, 122, 993. 12

Total gross debt
Matured interest obligations, etc_

20, 516, 272, 174. 73
142, 941, 522. 28

Balance held by Treasurer of the United States, etc_

20, 659, 213, 697. 01
219, 979, 440. 82

Net debt, including matured interest obligations, etc_ 20, 439, 234, 256. 19
United States Government securities held in trust I
June SO, 1925
To secure
national bank
circulation

Issues

Consols, 1930
Panama 2's

„._.

Total
Other bonds, notes and certificates
Total

_

Treasurer of the United, States,

To secure
public
deposits

To secure
postal-savings
funds

Total held

_

$591,157,950
73, 898,380

$433,500
62,000

$170,200, 00
43, 500.00

$591, 761, 650, 00
74,003,880. 00

_

665,056,330
5,000

495, 500
46, 760, 650

213,700. 00
141,139, 485. 86

665, 765, 530, 00
187,905,135. 8fl

665,061,330

47, 256,150

141,353,185.86

853,670,665.86

TTHITED STATES CI&CULATIO¥—BOND TRANSACTIONS
In the year ended October 317 1925, the withdrawal of bonds held
by the Treasurer of the United States in trust as security for national
bank circulation amounted to $109,401,560, of which $89,820,310




10

REPORT OF THE COMPTROLLER, OF THE CURRENCY

were 4 per cent bonds of 1925? which, were called for redemption in
February last. The withdrawals by reason of liquidation of banks
amounted to $16,222,750, and on account of banks placed in charge
of receivers $3,358,500. Bonds held by the Treasurer in trust as
security for circulation were augmented to the extent of $35,743,800
on account of deposits made by newly organized banks and by those
increasing their circulation, The transactions of the year by months
in each account named are shown in the following statement:
United States bonds deposited as security for circulation by banks chartered and by
those increasing their circulation, together with the amount withdrawn by banks
reducing their circulation, and by those closed, during each month, year ended
October 31, 1925

Date

1924

November
December
January....
February
March
April
May
June
July
August
September-.,
October...
Total..

1925
_-.

-

Bonds
deposited
by banks
chartered
and those
increasing
circulation
during the
year 1

Bonds
withdrawn
by banks
reducing
circulation

$1, 952,000
1,714,100
2, 252,900
1, 532, 750
3,112, 500
8,815, 500
1,675, 300
2, 396, 200
2,003, 550
7, 347, 500
1,024, 000
1,912, 500
35, 743, 800

Bonds
withdrawn
by banks in
liquidation

$3,171,600
7, 661, 280

Bonds
withdrawn
by banks in
insolvency

$265,000
75,000

6, 535, 500
59, 214, 200
3, 215, 000
1, 977, 250
1, 401, 750
1, 986, 000
1,168, 000
1, 433, 350
1, 251, 500
805, 000
89,820, 310

$722,500

2,128,000
157,000
762, 500
6, 305,000
537,750
6,500
387, 750
5, 273, 250
40,000
285,000

31, 250
390,000
470,000
131, 250
243, 250
845, 250
287,000
58,000

16, 222,750

180, 000
3, 358, 50*3

i Includes $2,535,000 deposited by 33 of the 251 banks chartered during the year.

Monthly statement of capital stock of national banks, national bank notes, and
Federal Reserve Bank notes outstanding, bonds on deposit, etc.
Nov. 2, 1925
Authorized capital stock of national banks..
Paid-in capital stock of national banks

Oct. 1, 1925

$1,381,978, 215 $1, 381, 983, 215
1, 381,321, 609 1,381,186,036
Increase or
decrease since
above date

Increase of authorized capital stockDecrease of authorized capital stock _
Increase of paid-in capital stock
Decrease of paid-in capital stock




$1,335,766,215
1,335,105. 913
Increase or
decrease since
above date
$46,212.000

$5,000
135,573

Nov. 2, 1925

National bank notes outstanding secured by United
States bonds.._
_.
National bank notes outstanding secured by lawful
money.
_
_
Total national bank notes outstanding

Nov. 1, 1924

Oct. 1, 1925

46, 215, 096

Nov. 1, 1924

$735, 602, 435

$662, 538, 483

$661,380, 320

51,264,261

56, 543, 569

38,679,189

713,802,744

717,923, 889

774,281, 624

EEPOBT OF THE COMPTEOLLEB OF THE CUBEENCY

n

Monthly statement of capital stock of national banks, national bank notes, and
Federal Reserve Bank notes outstanding, bonds on deposit, etc.—Continued
Increase or
decrease since
above date
Increase secured by United States bonds..
Decrease secured by United States bonds_
Increase secured by lawful money
Decrease secured by lawful money

Increase or
decrease since
above date

$1,168,163

$73,063,952
12,585,072

5,279,308

Net increase.,
Net decrease .

4,121,145
Nov. 2, 1925

Federal reserve bank notes outstanding secured by United
States bonds
_.„
.
Federal reserve bank notes outstanding secured by lawful
money—
„
„

60,478,880

Oct. 1, 1925 Nov. 1, 1924

$6,582,203

$6,815,523

$9,134,170

6,582,203

6,815,523

9,134,170

Total Federal reserve bank notes outstanding. _.

Increase or
Increase or
decrease since decre: since
sase
above date
above date
Increase secured by United States bonds..
Decrease secured by United States bonds_
increase secured by lawful money
Decrease secured by lawful money. __

$233,320

Net increase..
Net decrease.

233,320

On deposit On deposit
to secure
Kinds of bonds on deposit Federal re- to secure
national
serve bank bank notes
notes
United States consols of
1930 (2 per cent)
United States Panama of
1938 (2 per cent)...
United States Panama of
1933 (2 per cent)
....

National-bank notes of each denomination outstanding

One dollar
_____
Two dollars.—,.
Five dollars-_.
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Fractional parts

$2, 551,9
2, 551, 967

Federal reserve bank
notes of
each denomination
outstanding

48,622,660
25, 770,320
I 666,185,130

Less i

1

$341,447
162, 894
134,091, 605
298,974,200
232,411,390
25,466, 750
24,987, 500
87, 500
21,000
_
61,118

$3,313, 612
1,307,876
1,071,935
341,840
515, 440
31,500

Total-

716,605, 404
2,802, 660

6, 582,203

Total.

Total-.

J$591, 792,150

713, 802, 744

6, 582, 203

Notes redeemed but not assorted by denominations.

REDEMPTION OF NATIONAL ADO) FEDEEAL EESEEVE BAHK
OIECULATIOjf
In the year ended June 30, 1925, national-bank notes, Federal
reserve notes, and Federal reserve bank notes aggregating $1,869,091,049 were redeemed at the United States Treasury at an aggregate
expense of $608,406. Included in these redemptions were Federal



12

REPORT OF THE COMPTROLLER OF THE CURRENGT

reserve notes amounting to $1,312,361,850; Federal reserve bank
notes redeemed on retirement account in the amount of $3,420,137;
an4 national-bank notes to the amount of $553,309,062, the latter
amount including $65,558,260 redeemed on retirement account.
The average expense per $1,000 for the redemption of Federal
reserve notes was $0.46, for Federal reserve bank notes $1.33, and
for national-bank notes $0.83.
Statements showing the amount of the various issues of bank
currency received monthly for redemption in the year ended June 30,
1925, the source whence received, and the classification of redemptions, with the cost per $1,000 for each class redeemed, are published in the appendix to this report.
NATIONAL BANKS OF ISSUE
On April 6, 1925, the number of reporting national banks was
8,016, with capital stock of $1,361,444,000, of which number 1,147
banks, with capital of $232,521,000, were not taking advantage of
the provision of the national bank act, authorizing the issuance of
circulating notes collateraled by deposits of United States bonds.
The circulating note liability of 6,869 banks of issue, on the
date indicated, amounted to $649,447,000, or an average of $94,548
per bank.
On December 31, 1924, the number of national banks was 8,049,
with capital of $1,334,836,000, of which number 986 banks, with
capital of $189,372,000, were not banks of issue. The liability for
circulating notes outstanding of the 7,063 banks of issue on this
date amounted to $714,844,000, or an average of $101,210 per bank.
The reduction in the amount of national bank circulation outstanding between December 31, 1924, and April 6, 1925, due principally
to the calling for redemption by the Secretary of the Treasury of
4 per cent bonds of 1925, in the early part of the current year, was
$85,397,000, and the reduction in the number of banks of issue in
the period stated was 194.
Tables showing the number of national banks, the capital, the
amount of circulation outstanding, as well as the number of banks
not issuing circulation, with the amount of capital, in each State and
Federal Reserve District, are published in the appendix of this
report.
PBOFIT ON NATIONAL BANK CIRCULATION

The reduced profit on national bank circulation is reflected in
the relatively high cost and nearing maturity date, 1930, of the 2
per cent consols as shown in the computation of the Government
Actuary of the profit on the issuance of circulation secured by the
consols. In November, 1924, the cost of $100,000 consols was
$103,989, the highest figure of the year. Upon deposit with the
department of that amount of bonds a bank is entitled to receive
a like amount of circulating notes. As a redemption account of
5 per cent is required the amount of loanable funds on this account
would be reduced to $95,000, which loaned at 6 per cent would
produce $5,700. Adding to the latter amount $2;000 interest on



REPORT OF THE COMPTROLLER OF THE CURRENCY

13

the bonds measures the gross receipts. By deducting from this
$7,700, the tax on circulation, expenses of redemption, etc., and the
sinking fund to provide for the liquidation of the premium paid
for the bonds, the net receipts are shown to be $6,503.10. With
the cost of the bonds invested otherwise, and at 6 per cent, the
receipts would be $6,239.34, or less by $263.76 than the net receipts
from the circulation; hence, there would be a profit on circulation
under these conditions of 0.254 per cent. By October, 1925, the
bond cost had been reduced to $103,659, and thereby resulting in
an increase in the profit on note issues to 0.442 per cent.
In the year the cost of 2 per cent Panama Canal bonds dropped
from $103,473 to $101, resulting in a calculated increase in the profit
on circulation secured by these bonds from 0.699 to 1.001 per cent.
Elsewhere in this report will be found the computations of the
Actuary showing the profit on national bank circulation based upon
the deposit of $100,000 United States consols of 1930, and 2 per
cent Panama Canal bonds at the average net price monthly during
the year ended October 31, 1925. Incidentally, there also appears
a statement showing the monthly range of prices in New York from
November, 1924, to October, 1925, inclusive, of bonds eligible as
security for national bank circulation, and also the investment
values of the consols and Panama Canal bonds based upon the
average price net quarterly, January to October.
0BGAinZATI0¥ AHD LIQUIDATION OF HATTOBTAL BA2TKS
*
From the date of the establishment of the national banking system
up to and including October 31, 1925, there have been authorized
to begin business 12,841 national banking associations, of which
3,837 were voluntarily closed to discontinue business or amalgamated
with other banks, State or national, together with those consolidated
with other national banking associations under authority of the act
of November 7, 1918. Exclusive of banks which failed but subsequently restored to solvency the loss to the system by banks
liquidated through receiverships was 886, the number of these
receiverships being a fraction less than 6.9 per cent of the total
number of banks organized. As a result of liquidations and failures
the number of national banking associations in existence at the close
of the current year stood at 8,118.
In November, 1914, when the Federal reserve banks began their
operations, there were in existence 7,578 national banks with capital
of $1,072,500,000. Since that date the net increase in the number of
banks was 540 and an increase in capital of $309,500,000. The
capital of the banks in existence on October 31, 1925, was roundly
$1*382,000,000. In this 11-year period 2,189 banks were chartered
with capital of $217,000,000. During this period, however, 1,653
associations were closed voluntarily or otherwise.
In the current year applications to organize national banks and to
convert State banks into national banking associations were received
to the number of 372, with proposed capital stock of $42,092,200.
Of the applications pending 247 were approved, 85 rejected and 42
abandoned. National banking associations to the number of 251,
with capital of $26,040,000, were authorized to begin business, of
which 3 were located in the New England States, 52 in the Eastern,




14

EEPOET OF THE COMPTROLLER, OF THE CURRENCY

115 in the Southern, 32 in the Middle Western, 25 in the Western,
and 24 in the Pacific States. The greatest activity as indicated by
the number of banks organized was in the following States: New
York 17 banks, New Jersey 26, Pennsylvania 8, Texas 94, Missouri
8, and California 19. In other States the number ranged from 1 to 7
banks. It further appears that of the total number of charters issued
86 were the result of conversions of State banks, 25 reorganizations of
State or national banks, and 140 primary organizations. In this
connection it is of interest to note that the organization of 19 banks
was incident to the reorganization of liquidated national banking
associations; 9 to succeed failed national banks, acquiring incidentally
their assets and assuming the liabilities to depositors and other
creditors, and 8 organized in localities where failures had occurred, to
enable the communities to have necessary banking facilities,
In the year in question 30 national banking associations were
consolidated into 15 under authority of the act of November 7, 1918,
the capital of the consolidated banks being $33,810,000. In some
instances there were reductions in capital and in others increases,
but the net result by reason of consolidations was an iricrease in
capital stock of $990,000.
The voluntary liquidation of 123 associations represented a capital
of $14,467,500, while the capital of the 98 insolvent banks was
$6,420,000. The net result of the changes hereinbefore mentioned
was an increase for the year in the number of active banks by 20,
and in capital stock of $46,212,000, It appears that during tho
year 203 banks increased their capital in the aggregate sum of $43,410,000. Of this number 85 banks effected the increase by stock dividends, the amount of the increase in this manner being $7,680,300.

DOMESTIC BRANCHES OF FATX0¥AL BAHKS
Under authority of section 5155 of the Revised Statutes of the
United States the following national banks, formerly State banks,
continue to operate the branches indicated:
California:
Bank of California, National Association, San Francisco; capital, $3,500,000.
Branch at Portland, Oreg.; capital, $300,000.
Branch at Seattle, Wash.; capital, $200,000.
Branch at Tacoma, Wash.; capital, $200,000.
Louisiana:
Calcasieu National Bank of Southwestern Louisiana, Lake Charles; capital^
$1,000,000.
Branch at De Quincy; capital, $40,000.
Branch at Jennings; capital, $120,000.
Branch at Kinder; capital, $30,000.
Branch at Lake Arthur; capital, $40,000.
Branch at Oakdale; capital, $120,000.
Branch at Sulphur; capital, $40,000.
Branch at Vinton; capital, $50,000.
Branch at Welsh; capital, $60,000.
Massachusetts:
Federal National Bank of Boston; capital, $1,500,000.
Four1 branches in Boston, with capital-of $50,000 assigned to each,
Safe Deposit National Bank of New Bedford; capital, $500,000.
Branch in New Bedford; capital, $50,000.
1

One of which was acquired by consolidation under act Nov. 7,1918.




REPORT OF THE COMPTROLLER OF THE CURRENCY

15

Michigan:
City National Bank of Battle Creek; capital, $500,000.
Branch in Battle Creek; capital, $25,000.
National Union Bank of Jackson; capital, $400,000.
Branch in Jackson; capital, $100,000.
Mississippi:
Pascagoula National Bank of Moss Point; capital, $75,000.
Branch in Pascagoula; capital, $25,000.
New York:
Chatham Phoenix National Bank & Trust Co., New York; capital, $13,500,000.
Thirteen branches in the city of New York, with capital of $100,000
assigned to each.
Public National Bank of New York; capital, $4,000,000.
Five branches in the city of New York, with capital of $100,000
assigned to each.
Seaboard National Bank of the city of New York; capital, $5,000,000.
Two branches in the city of New York, with capital of $100,000 assigned
to each.
North Carolina:
American Exchange National Bank of Greensboro; capital, $750,000.
Branch in Greensboro; capital, $150,000.
Farmers National Bank & Trust Co. of Winston-Salem; capital, $300,000.
Branch in Winston-Salem; capita,!, $50,000.
Oregon:
First National Bank of Milton; capital, $50,000.
Branch at Freewater; capital, $10,000.
Washington:
Dexter Horton National Bank of Seattle; capital, $2,200,000.
Two branches in Seattle, with capital of $50,000 assigned to one and
$200,000 assigned to the other.
Wisconsin:
American National Bank of Milwaukee; capital, $1,000,000.
Two branches in the city of Milwaukee, with capital of $50,000 assigned
to each.

Under the consolidation act of November 7, 1918, converted State
banks having branches were consolidated with the following banks
and the branches continued:
California:
The First National Bank of Lemoore; capital, $150,000,
Branch at Stratford; capital, $25,000.
District of Columbia:
The Riggs National Bank of Washington, D. C ; capital, $2,500,000.
Four branches in the city of Washington, with capital of $10,000 assigned to each.
Georgia:
The Fourth National Bank of Atlanta; capital, $1,200,000.
Three branches in the city of Atlanta, with capital of $50,000 assigned to
each.
Branch at Decatur; capital, $25,000.
Atlanta & Lowry National Bank, Atlanta; capital, $4,000,000.
Two branches in Atlanta, with capital of $50,000 assigned to each.
Massachusetts:
The Atlantic National Bank of Boston; capital, $5,000,000.
Three branches in Boston, with capital of $100,000 assigned to each.
The First National Bank of Boston; capital, $20,000,000.
Seven branches in Boston, with capital of $50,000 assigned to each.
Chapin National Bank of Springfield; capital, $500,000.
Two branches in Springfield, with capital of $50,000 assigned to each.
Michigan:
Grand Rapids National Bank of Grand Rapids; capital, $1,000,000.
Nine branches in the city of Grand Rapids, with capital of $10,000
assigned to each.




16

REPORT OF THE COMPTROLLER OF THE CURRENCY

New Jersey:
Union Trust & Hudson County National Bank, Jersey City; capital,
$750,000.
Branch in Jersey City; capital, $50,000.
Branch at Bayonne; capital, $50,000.
New York:
National Commercial Bank & Trust Co. of Albany; capital, $1,500,000.
Branch in Albany; capital, $100,000.
American Exchange-Pacific National Bank, New York; capital, $7,500,000.
Six branches in the city of New York, with capital of $100,000 assigned
to each.
Chase National Bank of New York; capital, $20,000,000.
Seven branches in the city of New York, with capital of $100,000
assigned to each.
East River National Bank of the city of New York; capital, $2,500,000.
Two branches in the city of New York, with capital of $100,000 assigned
to each.
Mechanics & Metals National Bank, New York; capital, $10,000,000.
Twelve branches in the city of New York, to which is assigned $50,000
capital each to eight, and $100,000 each to four of the branches.
National City Bank of New York; capital, $50,000,000.
Three branches in the city of New York, with capital of $100,000
assigned to each.
South Carolina:
The Peoples National Bank of Charleston; capital, $1,000,000.
Two branches in Charleston, with capital of $200,000 assigned to one
and $100,000 assigned to the other.
Tennessee:
Unaka & City National Bank of Johnson City; capital. $400,000.
Branch in Johnson City; capital, $25,000.
Virginia:
First National Bank of Abingdon; capital, $200,000.
Branch in Abingdon; capital-, $25,000.
Peolpes National Bank of Leesburg; capital, $100,000.
Branch at Upperville; capital, $10,000.
Seaboard National Bank of Norfolk; capital, $1,000,000.
Branch in Norfolk; capital, $50,000.
National hanks, with number of additional local offices and dates of approval of their
establishment, October SI, 1925

California:
Crockett
Fresno
Huntington Park
Inglewood.
Long Beach
Los Angeles

First National Bank
First National Bank in Fresno
National Bank
_
»»
First National Bank
California National Bank
First National Bank
__ _ . _

Do

Do

NumDate of
ber of approval of
addi- establishment
tional of additional
offices
offices

Title of bank

Location

»_ _ «.

Commercial National Trust & Savings Bank

_

Merchants National B a n k . . . . . . . . . . .

Do

Pacific National Bank

Do

United States National Bank




_

..........

1
1
2
1
1
1

16

4

8

7

Nov.
Dec.
May
Mar.
Nov.
July
June
Oct.
Jan.
June
Dec.
Mar.
July
Oct.
Aug.
Oct.
Mar.
June
Feb.
Jan.
Jan.
Oct.
Mar.
July
Nov.
Aug.

28,1923
19,1923
3,1924
7,1923
8,1923
1,1922
13,1922
31,1923
29,1924
4,1924
18,1924
24,1925
22,1925
20,1925
1,1922
11,1922
15,1924
4,1924
5,1924
3,1925
8,1925
16,1925
1,1924
29,1924
21,1924
3,1925

17

REPORT OF THE COMPTROLLER OF THE CUREEHCY

National banks, with number of additional local offices and dates of approval of their
establishment, October 81, 1925—Continued
Date of
approval of
establishmen
of additional
offices
California— C ontinued.
Alhambra
Bakersfield
Oakland
Pasadena»
Sacramento
San Diego
Santa Cruz
District of Columbia:
Washington *_.
Do.
Do
Do
Georgia:
Atlanta
.
Kentucky:
Louisville
Do.
Do
Maine:
Portland-_
Maryland:
Baltimore.
Do
DoDo
Massachusetts:
Adams
Boston _
Do
Do
Do.
DoDo .
Fitchburg
Maiden
New Bedford..
Palmer
Springfield
Wellesley—
Michigan:
Detroit
Do
Flint
Jackson
Ludington
Muskegon
Saginaw
Nebraska:
South Omaha_
Do
New York:

First National Bank
_
._.
First National Bank in Bakersfield.
Central National Bank _
Pasadena National Bank _
California National Bank
United States National Bank
First National Bank
Second National Bank
District National Bank
Franklin National Bank
Lincoln National Bank
Atlanta & Lowry National Bank.
Citizens Union National Bank
Louisville National Bank
National Bank of Kentucky.
Chapman National Bank
Citizens National Bank
Drovers & Mechanics National Bank..
Farmers & Merchants National Bank..
Merchants National Bank
First National Bank
Atlantic National Bank..
I Citizens National Bank..
Federal National Bank-.
First National Bank
National Rockland Bank
National Shawmut Bank
.
Safety Fund National Bank_
First National Bank
Merchants National Bank...
Palmer National Bank
Chapin National Bank.
Wellesley National Bank
First National Bank in Detroit_.
National Bank of Commerce..
First National Bank
Peoples National Bank
First National Bank__
Union National Bank
Second National Bank
Live Stock National Bank.
Packers National Bank

Buffalo..

Community-South Side National Bank.

Dp
Flushing
Ithaca
New York

Manufacturers & Traders National Bank.
Flushing National Bank
First National Bank
Bronx National Bank

Do

Capitol National Bank..

i Established under authority of the Millspaugh Act, Apr, 26,1922




Dec.
Apr.
Aug.
June
Sept.
Apr.
Nov.

_.

18,1924

22,1922

Nov.
/May
\Aug.
Dec.
Dec.

18,1922
l',1923
25,1924
30,1922
4,1922

1,1925
2,1922
1,1925
6.1922
9.1923

Sept. 22,1922
Nov.
(July
^Aug.
[Nov.
Dec.

20,1922
20,1922
15,1922
28,1923
18,1922

Nov. 18,192-1
July
June
fAug.
[Feb.
Aug.

29,1924
17,1925
18,1922
11.1925
1,1922

Dec.
Aug.
Jan.
Mar.
Jan.
[Jan.
Oct.

Uuly

7,1923
23,1922
2, J924
3,3923
18,1924
18,1924
16.1924

June
/Dec.
\Feb.
Jan.
Feb.
Nov.
May
Jan.
/Nov.
\Mar.

28.1925
6,1925
3,1923
28,1925
30,1924
17,1925
28.1924
22.1925
10,1924
18.1922
30.1923

(Jan.
4 Apr.
[June
July
Dec.
Nov.
Sept.
Jan.
Jan.

2,1924
7,1924
14,1924.
19,1922
15,1923
22,1922
8,1922
23,1924
13,1923

Dec. 3,1923
Jan. 18,1924
Aug. 18,1922
Jan. 18.1923

•i M a r . 2,1925

Mar.
[Sept.
Dec.
July
Nov.
July
[Jan.
Apr.
[Aug.

11,1925
23,1925
21,1922
18,1925
9.1922
17.1924
9.1923
28,1923
18.1925

18

REPORT OF THE COMPTROLLER OF THE CURRENCY

National banks, with number of additional local offices and dates of approval of their
establishment, October 81, 1925—Continued

Location

Title of bank

New York—Continued.
New York
Do

Chase National Bank_
-„- Chemical National Bank..

Do

I East River National Bank.

Do
Do
Do
Do
Do—-I

i)oZIIIIIIIIIIIII-

-I First National Bank of the City of Brooklyn..
Hamilton National BankHarriman National Bank.
Mechanics & Metals National Bank.
- National American Bank.
Bank of Far Rockaway
National Butchers & Drovers Bank-

Do-_

National City Bank.

Do..
Do..

National Park Bank
Ozone Park National Bank..

Do..

Public National Bank.

Do.

Richmond Hill National Bank....
Rockaway Beach National Bank.
Seventh National Bank..
Manufacturers National Bank
Jefferson Co. National Bank
First National Bank
_

.».
Do.
Troy__
Watertown
Yonkers
Do.
North Carolina:
Greensboro. _
Ohio:
Cleveland...

._
—
—

Columbus
Findlay
Lockland
Pennsylvania:
Altoona...
Chester
Do
Johnstown
McKees Rocks.
PhiladelphiaDo
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do

! Yonkers National Bank & Trust Co.
American Exchange National Bank
Brotherhood of Locomotive Engineers Co-Operaativo National Bank.
City National Bank
American-First National Bank
First National Bank
.do.
..do.
Pennsylvania National Bank.
First National Bank
do
-do.
Broad Street National Bank
Central National Bank
Corn Exchange National Bank
Drovers & Merchants National Bank.
Fourth Street National Bank
Franklin National Bank
Northern National Bank
Overbrook National Bank
Philadelphia National Bank
Southwark National Bank
Tenth National Bank

Reading

Reading National Bank

Williamsport.
York

West Branch National Bank..
York National Bank




NumDate of
ber of approval of
addi- establishment
tional of additional
offices
offices

1 Aug. 31,1925
12 Apr. 28.1923
IfJan. 18.1924
i Jan. 16.1925
9 l-JMay 28,1925
June 27,1925
I Sept, 23,1925
July 19,1924
root, 29, 1 924
\Oct. 30.1924
Apr. 28,1923
July 15.1921
Apr. 14.1925
Sept. 4,1925
May 6.1924
(Oct. 26.1923
I Jan. 30.1924
jMar. 13.1925
iMar. 25,1925
/Mar. 19,1924
\Oct. 16,1924
Feb. 5.1925
(July 18.1922
Aug. 29.1922
Dec. 8,1922
Feb. 28.1923
19 Jan. 26.1921
July 31.1924
Dec. 31,1924
May 19.1925
.Oct. 23,1925
/Aug. 1,1922
\Nov. 28.1924
Mar. 8.1924

Sept.
Nov.
Oct.
rApr.
[June
roct.
[Sept.
July

9.1925
19,1923
13.1922
8,1925
17.1925
24,1922
26,1925
24,1922

Sept. 8,1922
Mar. 17,1925
Jan.
2,1923
Nov. 28,1923

June 12,1925
Sept. 22,1922
May 24,1924
Apr. 28.1924
Oct. 24,1922
TJuly 25.1922
[Sept. 30.1925
Nov. 13.1923
July 24,1922
July 18,1922
Jan. 18.1924
Aug. 17, J9-2
July 8,19-25
Apr. 2, ifc'.V,
Sept. 2,19J4
Apr. 30. !*"']
Mar. 18.1/.^
Mar. 3, iO2:;
(Aug. 24, 1«;'»J
{Feb. 15, i9-4
IMar. :
Aug. 31,192?
July 25, i&?

19

BEPOR.T OF THE COMPTEOLLEK OF THE CURRENCY

National banks, with number of additional local offices and date of approval of their
establishment, October 81, 1925—Continued
Date of
Number of approval of
addi- establishment
tional of additional
offices
onices

Location

South Carolina:
Charleston
Greenville
Tennessee:
Chattanooga...
Knoxville
Nashville
Do
Do
Virginia:
Charlottes ville.
Norfolk
Richmond
Do
Do
--

Bank of Charleston, National Banking Association.
Norwood National Bank

2

Aug. 30,1922

1

Dec. 15,1923

First National Bank
City National Bank._
_
_
American National Bank
Broadway National Bank
Fourth and First National Bank
Peoples National Bank...
_
Virginia National Bank
American National Bank
Merchants National Bank
Planters National Bank
_

9
Z

Oct.
Jan.
/Feb.
Ung.
1 July
3 May

29,1925
3,1924
20,1924
1,1924
8,1925
5,1925

1 Jan.
1 Apr.
4 July
o /July
\Feb.
1 July

9,1923
29,1924
20,1922
21,1922
2,1924
19,1922

1
1

_

CONDITION" OF UATIO^AL BAHKS AT DATE OF EACH EEPOET
CALLED FOE DUEIFG THE YEAE

Under authority of section 5211, Revised Statutes, national banks
were called upon to submit four reports of condition during the year
ended October 31, 1925, as of various dates specified by the comptroller.
The resources and liabilities of reporting banks at the date of each
report during the year are shown in the following statement:
Abstract of reports of condition of national banks on dates indicated
[In thousands of dollars]
Dec. 31,
1924—8,049
banks

Apr. 6,
1925—8,016
banks

J u n e 30,
1925—8,072

12,319,680
9,802
244, 728

12,468, 836
11,410
240,962

12,674,067
9,352
176,583

2, 586, 697
3, 075,999

2, 614,185
3,139,255

2,538,767 I
3,193, 677

2, 512, 025
3, 242, 620

Total loans and investments
17,8U, ^86 18,236,906
18,47A, 648
Banking house, furniture, and fixtures
551, 371
541, 852
564,103
Other real estate owned
107,459
108,966
112,481
Lawful reserve with Federal reserve banks. 1,303, 631 1,394, 386 1, 273, 274
Items with Federal reserve banks in pro- j
cess of collection
____
411, 539
427,894
486,933
Cash in vault...
_
409, 566
360,101
361, 671
Amount due from national banks
1,349,859
1, 412, 807
1,192,049
Amount due from other banks, bankers,
439,356
431, 043
395, 655
and trust companies
575, 360
996, 615
665, 288
Exchanges for clearing house
53,871
85, 225
67, 708
Checks on other banks in the same place.-I
54,541
70, 635
Outside checks and other cash items
Redemption fund and due from TJ. S. j
36, 310
33,120
Treasurer
36, 726
166,820
223,466
Other assets
_
_
.._
226, 386

18,590,446
585,267 I
111,191 i
1,326,864 I

19,105,089
593,178
114, 677
1, 324, 326

486, 787
359, 605
1,096, 768

456, 656
362, 341
1,120, 925

403, 366
988, 294
80, 727
69,517

393,869
733,816
58, 326
54,094

33,038
238,993

32,876
219, 346

24, 350,883

24, 569, 527

Oct. 10,
1924—8,074
banks

banks

I

Sept. 28,
1925—8,085

banks

RESOURCES

Loans and discounts (including rediscounts) i__
12,210,148
Gverdrafts.
12, 242
Customers' liability account of acceptances145, 666
United States Government securities
owned
„
2, 579,190
Other bonds, stocks, securities, etc
2, 897,040

Total.
1

J 23,323,061

Includes customers' liability under letters of credit.



24, 381, 281

23, 832, 463

13,134.461
14, G O
O
201, 083

20

REPORT OF THE COMPTROLLER OF THE CURRENCY

Abstract of reports of condition of national banks on dates

indicated—Continued

[In thousands of dollars]
Oct. 10,
Dec. 31,
Apr. 6,
J u n e 30,
Sept. 28,
1924—8,074 1924—8,049 1925—8,016 1925—8,072 1925—8,085
banks
banks
banks
banks
banks
LIABILITIES

Capital stock paid in
1,332,527
Surplus fund
1,074,268
Undivided profits, less expenses and taxes
paid
•_
_
556,792
Reserved for taxes, interest, etc., accrued..
National-bank notes outstanding
_.
723, 530
Due to Federal reserve banks
27,342
Amount due to national banks
1, 338,309
Amount due to other banks, bankers, and
1,933, 857
trust companies
147, 404
Certified checks outstanding
217, 231
Cashier's checks outstanding
9, 795, 580
Demand deposits
Time deposits (including postal savings)... 5,460,677
188,398
United States deposits
Total deposits
19,108,798
United States Government securities borrowed.
28,729
Bonds and securities (other than United
States) borrowed
3,581
Agreements to repurchase United States
Government or other securities sold
Bills payable (including all obligations representing borrowed money other than
rediscounts)
123,611
Notes and bills rediscounted (including
acceptances of other banks and foreign
bills of exchange or drafts sold with indorsement).—
170,419
Letters of credit and travelers' checks out6,135
standing
Acceptances executed for customers and to
furnish dollar exchange less those pur140, 574
chased or discounted
__.
18,435
Acceptances executed by other banks
35, 662
Liabilities other than those stated above...
Total..

23, 323,061

1,334,836

1,361,444
1,106, 544

1,369,435
1,118,928

1,375,009
1,125,495

442,484
60,784
714,844
33,188
1, 239, 923

490, 457
60,224
649, 447
29, 323
1,147, 628

481,711
60, 078
648,494
30, 740
1,028,168

543, 564
69, 792
649, 221
31,820
1,068, 420

2, 029, 671
184, 363
415, 260
10, 363, 250
5, 581, 287
153, 266

1,827, 492
1,839,935
224, 089
197, 508
204,447
336,167
9,923, 243 10,430, 254
5, 785, 211 5,924, 658
255, 652
108,101

1,766, 708
251, 505
214, 594
10,427,544
5,994, 374
175, 097

20, 000,208

19,882,947 19,909,669

19,930,062

21,747

21,684

24,479

3,821

3,530

3,976

3,413

4,057

3,405

202,304

219,198

245,107

316, 627

196,396

226,597

233,874

245,537

6,124

6,537

12,127

9,065

235, 232
26,564
40, 290

232, 761
29,502
41,237

164,569
28, 773
49,471

191, 873
28, 542
52, 228

24, 381, 281

23, 832, 463

24,350, 863

24, 569, 527

CONDITION OF NATIONAL BANKS SEPTEMBER 28, 1925

The resources of 8,085 national banks September 28, 1925, amounted
to $24,569,527,000, and exceeded the resources of 8,074 banks October 10, 1924, by $1,246,466,000.
Comparison of the principal items of resources and liabilities
follows:
RESOURCES

Loans and discounts aggregated $13,134,461,000, and exceeded the
amount in October, 1924, by $924,313,000. The percentage of loans
and discounts to total deposits was 65.90, compared with 63.90 in
October, 1924.
United States Government securities held by these banks to the
amount of $2,512,025,000, declined since October, 1924, $67,165,000,
and other bonds, stocks, and securities, etc., amounting to $3,242,620,000 were increased in this period $345,580,000.
Banking houses, furniture and fixtures valued at $593,176,000 exceeded the amount a year ago by $51,324,000, and other real estate



REPORT OF THE COMPTROLLER OF THE CURRENCY

21

owned to the amount of $114,677,000 showed an increase of $7,218,000
in the year.
Balances due from correspondent banks and bankers, including
lawful reserve and items in process of collection with Federal reserve
banks of $1,780,992,000, aggregated $3,295,786,000, and showed a
reduction in the year of $287,902,000. Cash in vault of $362,341,000
exceeded the amount a year ago by $2,240,000.
LIABILITIES

Paid-in capital stock of $1,375,009,000 exceeded the amount a
year ago by $42,482,000, and surplus and undivided profits of
$1,669,059,000 were $37,999,000 more than a year ago.
Liabilities for circulating notes amounted to $649,221,000 and were
$74,309,000 less than at the corresponding period in 1924.
Deposit liabilities aggregated $19,930,062,000 and showed an increase in the ye&r of $821,264,000. In the classification of these
liabilities, deposits due to correspondent banks and bankers of
$3,333,047,000 showed a reduction of $331,096,000; demand deposits,
including TJnited States deposits, amounted to $10,602,641,000, or.
$618,663,000 more than a year ago, and time deposits, including
postal savings, amounted to $5,994,374,000, and showed an increase
of 8533^697,000.
Liabilities for money borrowed amounted to $562,164,000 and exceeded the amount in October, 1924, by $268,134,000. Of the total
liabilities for money borrowed, these banks had rediscounted paper
with Federal reserve banks to the amount of $148,712,000, and had
bills payable with these banks to the amount of $254,474,000.
Statement showing the principal items of resources and liabilities
of these banks in each State, Alaska and Hawaii, at the close of
business September 28, follows:




Principal items of resources and liabilities of national banksy September 28, 1925

to

[In thousands of dollars]
United
Num- Loans, in- States
ber of cluding
Governbanks overdrafts
ment
securities

States, etc.

Maine
New Hampshire..
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States. . .
New York
New Jersey
Pennsylvania
Delaware
•
Maryland.
District of Columbia.
Total Eastern States
Virginia
West Virginia...
North Carolina.
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio
Indiana
Illinois
Michigan...
Wisconsin..




Due from
Cash in banks and Capital
vault other cash
items

Surplus

Profits

4,871
3,240
2,317

Circulation
outstanding

Total
deposits

785
775
031
700
678
723

13,928
12,432
6,033
92, 369
9,164
30,935

43,669
14,361
17, 568
162, 654
15, 931
39, 618

1,979
972
16, 739
1,846
6,251

13,211
9,094
5,803
173,849
6,986
32,073

7,370
5,240
5,060
73,243
6? 320
20,002

5, 716
4,642
2,908
61, 637
5,340
16, 709

31,008
4,519
10, 385

5,591
118, 677
4,631
58, 236
4,289
48, 661
19, 615 1, 075, 346
5,165
59,007
9,693
216, 333

392

1,148, 692

164, 861

293, 801

29, 816

241,016

117,235 i

96, 952

56,340

48,984

538

2, 823, 921
426, 782
1,451, 279
11, 998
158, 422
79, 243

635, 322
74, 456
326, 305
2, 384
28, 748
19,170

774,053
238, 498
643, 412
6,639
48, 073
13, 570

48, 058 1,130,450
14, 489
72, 361
44,924
396, 880
405
2,055
3,461
45,459
3,249
21, 211

244, 431
41, 464
144,139
1, 735 I
17,339 |
9,427 !

292,921
38, 740
215, 262
2,052
17,122
5,913

148, 645
18, 841
80,935
1,083
7,876
2, 8.18

1,789

4,951, 645

181
124
82
76
88
57
103
37
33
652
87
139
106

285, 206
128, 743
132, 288
81, 045
136, 407
175, 018
105, 330
51, 952
82,112
561, 641
63, 228
175, 064
158,192

1, 765

2,136, 226

58
54
46
155
17
62

England
___.

Other
bonds,
stocks,
etc.

354
246
504
126
157

67,
37,
33,
808,
45,
155,

515,
226,
979,
285,
249,

616
527
966
234
258

1, 724, 245 114, 586 I 1, 668,416
31, 748
19, 462
15, 522
11, 888
21, 781
28, 703
16, 562
6,376
9,100
104, 572
10, 480
26, 461
18, 080

22,195
15,981
4,116
7,955
5,608
48, 524
17, 769
12, 075
4,591
37, 358
4,599
26, 776
11,218

320, 735 I 218, 785
105, 651
48, 079
143, 988
43, 409
37, 941

137, 375
53, 148
167,115
93, 960
59, 562

6, 400 | 58, 771
4,104 j 22, 306
3,617 j 32, 879
2, 720
21, 526
3, 512
45,289
5,337
96, 225
4,508
36, 848
1, 766
18, 287
2,321
22, 876
20,938
233,122
2,466
25, 693
4,037
33, 810
4,381
41, 825
66,107

19, 457

16, 884
121, 658
10, 831
55, 863
25, 023
304, 932
8, 032 I 78, 852
7,165 ! 59, 928

458, 535 | 572, 010 260,198
30, 379
13, 505
14,185
11, 294
15, 510
10, 740
13,120
5,410
9,175
81, 771
7,925
18, 596
17, 519
249,129
62, 215
31,948
94, 648
26, 183 !
27, 005 |

1,576,260

Bills
payable

Rediscounts

424
1,931
868
8,805
80
2,543

645
199
776
31, 041
224
404

14, 651

Total
assets

143,682
78,278
65,116
1,340, 043
81, 215
278,196
1,9

65, 557 4,595,195 131, 861
716, 719 11,831
20, 820
82, 231 2, 370, 724 47,009
18, 032
1,129
110
232, 711
9,560
6, 644
4,449
119, 026
3,517

75, 726 I 5,736, 729
2, 730
855, 874
10.651
2,978,123
'200
24, 380
1,460
294,908
147, 204

200,972
183, 746 | 8, 052, 407

91, 035 I 10,037,218

9,092
23,935
5,472
11, 733
3,920
8,959
5,457 | 2,112
4,222
10,857
4,098
6,479
5,450
8,357
1,195
3,204
1,654
4,855
37, 782 20,186
2,193
3,355
6,716
13,866
3,456
10,150

19, 864
10, 289
9,532
6,760
8,207
5,350
9,270
2,932
4,237
40, 008
3,764
15, 833
13,144

312, 336
150, 462
143, 977
104, 075
179, 973
329, 946
145, 210
74, 959
103,131
810, 013
88,065
206, 216
187, 783

8, 351
5,962
4, 753
1,497
1,540
43
3,039
1,598
534
7,436
1,657
4,174
4,294

13, 327
1,452
11, 038
2,482
1,181
147
1,507
3,101
4,592
3,941
2,928
5,727
5,031

421, 290
199,988
199,105
137, 635
224, 034
360,181
187, 327
93, 277
130,986
1,007, 428
110, 523
274, 804
244,104

148, 989

69, 766

149, 190

2, 836,146

44, 878

56, 454

3, 590, 682

44,131
16,484
63, 503
18, 843
14, 761

26, 314
8,590
35, 402
9,971
8, 092

72, 827
321, 093
1, 431, 197
452. 013
359, 319

11, 253
2,442
9,864
3,942
1,250 I

12, 506
6,185
8,307
5,204
3,162

939, 384
415, 984
1, 696, 786
533,175
430, 923

40,
25,
30,
13,
14,

902
075
560
749
428

Minnesota
.
. •_
Iowa Missouri
rt.
Total Middle Western
2q
States
ife North Dakota
0
South Dakota _ _
Nebraska
to Kansas
^ Montana
Wyoming
Colorado
__.,
_
New Mexico
w Oklahoma
Total Middle Western
States
__
Washington. _ . _
Oregon
California _
Idaho
Utah.. .
Nevada
__
Arizona
Total Pacific States..
Alaska (nonmember banks)
Hawaii (nonmember banks)
Total (nonmember
banks)
Total United States,
A laska and Hawaii




318
•339
135

349, 649
234, 807
348, 343

83, 626
41, 584
51, 670

80,922
34,957
54,244

8,671
7,896
6, 300

116, 734
54, 743
126,925
\-

37, 633
26, 520
42,093

2,179

3,189,400

555,948

681, 283

90, 802

919, 635

348,245

209, 031

158
112
170
259
84
32
135
31
386

53, 712
46,098
144, 891
128,363
41,460
23,150
132, 836
15, 211
206,630

13, 540
11, 759
17,800
27,346
10,667
5,654
35, 535
4,007
4.8, 725

12,200
7,863
18, 870
24,972
9,885
3,491
40,492
978
29,217

1,628
1,848
3, 857
5,303
2,660
1,444
7,372
903
7,817

17,477
14, 971
49, 892
50, 771
17, 288
8,652
55,151
3,781
89,244

6.390
5,094
16,215
18,188
5,745
2,725
12, 565
2,135
27,095

2,932
2,326
8,434
9,004
2, 522
1, 701
9,453
914
7,195

1,367

792,351

175,033

147,968

32, 832

307, 227

96,152

113
99
271
56
20
10
18

156, 544
109,124
578,982
29,444
28, 740
9,540
14,876

42,926
32,413
112, 511
7,053
5,878
2,749
2,713

38,440
27, 259
96,290
3,634
5,091
1,863
1,956

5,817
4,241
13, 832
1,272
630
401
1,075

58,401
41,110
183, 463
12, 017
11, 712
3,316
4,289

17,965
14,020
62, 833
3,760
3,450
1,385
1,500

587

927,250

206, 243

174, 533

27, 268

314, 308

1,226
2,571

1,045
1, 775

403
1,622

264
666

2,025

4
2
6

3,797

2,820

8,085

13,149, 361

2, 512, 025

21, 262
8,397
12,973
4,307
17, 074 • 11,060

14, 531
17, 533
16, 765

572, 295
325, 752
507, 472

1,795
1,929
778

2,010
5,937
2,773

9QR QOQ

112,133

173, 543

4, 697,417

33, 253

46,084

5,679,955

690
647
3, 747
3,017
1,157
456
3,372
192
2,946

4,192
2, 812
8,301
9,935
2,450
1,731
5,120
1,112
8,315

90, 590
74,800
206, 600
207, 721
73, 645
37, 648
245,986
21, 826
350,256

322
280
888
115
312
41
544
142
1,949

503
1,099
2,302
675
412
75
1,214
283
3,072

105, 654
87,162
247,410
249, 504
86, 336
44, 413
278, 711
26, 629
401,945

44,481

16, 224

43,968

1,309,072

4,593

9,635

1, 527, 764

7,255
5,807
35,949
1, 643
1,391
645
622

4,421
3, 283
19, 237
573
775
167
252

9,547
3,259
30,161
2,309
2,256
1,192
564

271,438
194, 519
851,955
46,924
46,104
15, 328
22, 746

1,593
1,627
13, 354
779
60
867

1,461
1,687
4,754
367
197
78
496

315, 869
225, 551
1,036, 587
56, 451
54, 583
18, 819
27,491

104,913

53,312

28, 708

49, 288

1,449,014

18, 280

9,040

1, 735, 351

937
1,026

200
600

120
600

56
139

60
442

3,532
6,214

3,968
8,059

930

1,963

800

720

195

502

9,746

12, 027

3, 242,820 p 362, 341

4,142, 022

1, 375,009

1,125,495

543, 564

649, 221 19, 930, 062

316, 627

245, 537

664, 011
602, 763

1
o
fcrj

a
Q
O

o

24, 569, 527

a

.3
a

24

EEPORT OF THE COMPTROLLER OF THE CURRENCY

NATIONAL BANK LIABILITIES ON ACCOUNT OF BILLS PAYABLE
AND REDISCOUNTS

The total liabilities of national banks for money borrowed, represented by bills payable and rediscounts, amounted to $582,164,000,
September 28, 1925, and show an increase at the date of each report
called for since December 31, 1924, or during the year covered by
this report. The increase in bills payable in this period was $114,323,000 and the increase in rediscounts was $49,141,000.
The liabilities referred to, of national banks in each Federal reserve
district, at the date of each report since December 31, 1924, are shown
in the following statement:
Total borrowings of national banks on account of bills payable and rediscounts in
each Federal reserve district at date of each report during year ended September B8t
1925
[In thousands of dollars]
District
No. 1

District
No. 2

District
No. 3

District
No. 4

District
No. 5

District
No. 6

Dee. 31,1924:
Bills payable
Rediscounts

22,762
39,568

63,328
67,830

27,320
10,868

32,254
15,348

23,321
18,526

6,049
9,356

11,548
15,869

District
No. 7

Total

62,330

131,158

38,188

47,602

41,847

15,405

27,417

Apr. 6,1925:
Bills payable
Rediscounts

18,156
35,425

98,443
72,022

26,307
7,937

20,297
18,748

18,788
23,091

5,304
8,672

11,878
42,074

Total.

53,581

170,485

34,244

39,045

41,879

13,976

53,852

17, 706
35,271

89,446
70,007

34,109
10,407

24,482
13,901

25,989
29,355

5,465
14,420

24,520
29,051

52,977

159,453

44,516

38,383

55,344

19,885

53,571

14.603
33,289

139,720
77,359

34,692
10,579

31,098
15,058

29,158
29,935

9,295
12,680

17,825
28,030

47,892

217,079

45,271

46,156

59,093

21,975

45,859

District
No. 8

District
No. 9

District
No. 10

District
No. 11

District
No. 12

4,734
3,684

1,819
3,951

1,479
4,513

3,743
1,919

3,947
4,904

202,304
196,396

8,418

5,770

5,992

5,662

8,911

398,700

4,972
3,729

1.280
3,760

3,078
3,680

1,987
1,018

8,708
6,441

219,198
226,597

8,701

5,040

6,758

3,005

15,149

445,795

3,683
7,133

2,385
3,838

1,922
6,406

6,102
- 4,278

9,298
9,807

245,107
233,874

10,816

8,223

8,328

10,380

19,105

478,981

7,965
13,924

2,836
4,049

3,321
7,041

8,374
4,742

316,627
245,537

21,889

6,885

10,362

13,116

17,740
8,851
28,591

June 30,1925:
Bills payable.._
Rediscounts

_ __

Total
Sept. 28, 1925:
Bills payable
Rediscounts

m

Total

Dec. 31,1914:
Bills payable
Rediscounts

„

Total
Apr. 6,1925:
Bills payable
Rediscounts

...

Total
June 30,1925:
Bills payable
Rediscounts
Total
Sept. 28,1925:
Bills payable
Rediscounts
Total....




-

__

Total

562,164

25

BEPORT OF THE COMPTROLLER OF THE CURHEKOY

LOANS AST) DISCOUNTS OF MATIOFAL BA1TXS JIT1TE 80, 1925
The loans and discounts of national banks amounted to $12,674,067,000, June 30, 1925, and exceeded the amount June 30, 1924,
by $695,339,000.
Time loans not secured by collateral, but bearing the indorsement
of one or more individual or firm names, amounted to $6,132,318,000?
or 48.39 per cent of the total. Fourteen and fifty-four hundredths
per cent of the total loans were on demand paper secured by stocks
and bonds, and amounted to $1,843,167,000; loans on time paper
secured by stocks and bonds, aggregated $1,817,730,000, or 14.34
per cent of the total.
A classification of the loans and discounts of national banks in
the fiscal years ended June 30, 1923, to 1925, inclusive, is shown in
the following statement, supplemented by similar information
reported by these banks in reserve cities and States, June 30, 1925.
Classification of loans and discounts for the last three fiscal years
[In thousands of dollars]
June 30, 1923
Class

June 30,1924

June 30, 1925

Amount
3 or more indiOn demand,
names (not secured by
vidual or
collateral)
„
On demand, secured by stocks and bonds..
On demand, secured by other personal
securities, including merchandise, warehouse receipts, etc.On time, paper with one or more individual or firm names (not secured by
collateral)
On time, secured by stocks and bonds
On time, secured by other personal securities, including merchandise, warehouse
receipts, etc
Secured by improved real estate under
authority of sec. 24, Federal reserve act,
as amended:
1. On farm land_ . — .
2. On other real estate
-.-.
Secured by real-estate mortgages or other
liens on realty not in accordance with
sec. 24, Federal reserve act, as amended:
1. For debts previously contracted
(sec. 5137, R. S. U. S.)—
(a) Farm lands
.„
_.
(6) Other real estate
2. All other real-estate loans—
(a) Farm lands
—......
(&) Other real e s t a t e — . — — .
Acceptances of other banks discounted....
Acceptances of reporting banks purchased
or discounted
Customers' liability on account of drafts
paid under letters of c r e d i t . . . . . . . .
,
Total.




Per
cent

Amount

Per

Amount

733,538
1,463,203

6.21
12.38

737,559
1,545,625

6.16
12,90

726,100
1,843,167

278,090

2. Si

263,618

8,176,743
1,519,817

52.27
12.86

8,123,604
1, 559,698

51.12
13.02

6,132,318
1,317,730

14.34

1, HI, 27:

9.40

1,087,096

9,08

1,062; 755

8,89

108,892
125,070

1.06

116,000
188,897

,97
1.53

122, 214
269, 247

.96
% 12

1.08
.57
.09
.19
,51

120,122 !
74,536

1. 00
.62

123,332
81,874

.07
.65

9.031
26, 543
91,026

.08
.22
.70

10,334
29,797
107,767

.24
.85

.10

33,998

43,766

.35

.02

1,367

3,105

.02

127,339
67,942
10,393
23,101
60,874
11,392

2,506
11,817,6771 100.00

2.20

.01

300,561

Per
cent

5.T3
14.54
2.87

11,978,728 I 100. 00 12,674,067 i 100.00

Loans and discounts of national banks June SO, 1925

a*

tin thousands of dollars]

On demand

Secured by
improved real
estate under
authority of
section 24,
Federal
reserve act,
as amended

On time

Secured by real estate mortgages or other liens on
realty not in accordance
with section 24, Federal
reserve act, as amended
1. For debts
previously
contracted

(sec. 5137,
R. S., U. S.)

2. All other
real estate
loans

Cities, States, and
Territories

&

111

Pi

Sal

112
!
!!

2
5
o

CENTRAL RESERVE CITIES

New York
Chicago
Total central reserve
cities

30,193
30,614

582,472 48,185
156,641 43,030

837,112
237,908

410,402
96,336

73,865
36,954

60,807

739,113 91,215 1,075,020

506,738

110,819

78,245
2,589
3,503
3,107
59,420

14,410
111
366
66
14,349

588
9
84

21
250

1,549

333
23

67,126 31,463
4,027 4,608

979 2,084,305
610,617
56

438,336
183,846

31, 674
16,533

597

271

1,643

356

71,153 36,071 1,035 2,694,922

622,182

48,207

961
406
143
2
1,825

300
1
233

10,560

493,695 61,715
55,546 17,160
34,660 11,955
42,007 11,120
459,927 138,110

6,990
366
911
402
4,592

OTHER RESERVE CITIES

Boston
Albany
Brooklyn and Bronx
Buffalo
_
_
_
Philadelphia

35,525
1,073
141
3,017
21,718




76,382 22,818
25,171 1,388
6,528
770
17,998
850
87,459 12,465

236, 564
23,241
22, 959
14,262

257,086

442 15,697

269

2,696
1,443

746 1,045

17
2,220

167

Pittsburgh
Baltimore
_
Washington
Richmond
Atlanta
Jacksonville
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
Houston
.._
San Antonio
Waco
_
Little Rock
„
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo
Indianapolis
Chicago
Peoria
Detroit
Grand Rapids..
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
Des Moines
Dubuque
Sioux City
Kansas City, Mo..
St. Joseph
St. Louis.
Lincoln
Omaha
Kansas City, Kans.
Topeka
Wichita
Helena
Denver
Pueblo
Muskogee....
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles

16,132
3, 758
3/612
3,428
2,104
1,103
254
3,826
1,917
78
989
171
2,783
628
1,012
235
1,457
90

70,488
19,114
20,991
3,841
2,876
7,959

1,169
6,423
3,579
3, 952
1,039
1, 9471
1,583|
1, 676|

1,895
19,523
8,126
7,993
1,951
1,736
4,116
4,154
3.722

401
259
8,147
11, 669
1,268

331
1,426
374
5661
4,098i
519
14,929
429
1,956
29
614
79
258
294
16
188
699
1,940
2,226
344
402
7,209




2,622
2,506
4,296
2,066

838
1,514

302

216

1,759
13,453

2,070

57
1,631
5,411
14,454

586

482
458
5,067
2,296

35

319
626
133

8,593

1,317

709

542
376

1,004

383
9,741
21,150
8,488
1,428
1,147

298

1,129
2,233

472
11
580
762
597
573
242
1,976
6,741

32
938
68
475

1,803
7, 576 3,722
1,725
406
31. 696 8,230
'276
29
5,138 1,438

883
239
3,442
30
5,944

309
159
46
242

47
83

40

6,828
4,521
3,034

2, 470

163
1,310
23,331

1,110

294
365
516
4,170

81,482
58, 655
37,946
35,461
36, 813
25,349
20,840
14,104
34,365
9,589
16,470
5,514
29,485
15,886
6,405
4,339
31, 654
4,918
25,052
30,414
24,620
19, 966
1,416
31,081
13, 773
7, 243
72, 530
11, 320
54, 612
50,120
33,736
5,830
7,835
1,256
10,080
24,176
12, 559
72,951
11, 647
21.505
1,807
4,370
5,674
1,731
22,443
3,363
4,326
11, 487
22,981
33, 855
17, 274
26,949
91,620

24,956
6,713
5,117
13,436
12,322
8,808
2,519
1,797
10,396
2,977
8,045
1,230
16, 611
4,029
1,199
632
13, 718
2,612
5, 655
18,449
9,052

15, 637
664
5,870j
8,045
2?239
48, 655
5,229
17,413
12,470
9,130
4,034
5,978
1, 255
1,437
13,699
1,712
37, 537
2,688
12,590
720
995|
1,650
662
17,009
600
1,494
4,874
10,238
9,080
4,064
6,854

31,463

2,377
6,680
3,478
8,925
6,185
8,183
2,605
595
14, 941
1,052
9,142
574
5,441
1,312
1,106
6,247
2,244
5,371
4,214
3,835
1,952
19
6,042
2,616
1,
5,799
690
9,232
20, 375
2,452
238
4,767
823
2,987
26,327
1,099
17,951
1,142
19,921
2,638
1,368
3,945
759

21, 489
1,546
1,441
9,212
6,734
8,390
4,180
7,736
19,140

9
191
12
75
366
264
82
29

10
2
161

33
69

608
155
1,494

195
347
135
1,492
14
57
83
246
30

11
66
71
689
5,499
504
429
24

"6
17

976
30
315

133
40
150

102
83

285
329

3
94

32

41
315
726
436
691
13
577
341

268
275
147
4
372
900

226
83

63
53

203

21
372

261
217

7

104
154

7

96
50

2

80
152

99

6

64
28

23
655
24

1
196
510

1
7

245
619
318

422
72

\
11

10
2

3
21

381
27
307

4,960

289

214

497
498
14
6
733
1,100
723
8
352
54
251
26
10
104
507
134
161
69
16
1,772
132
135
25
18
41
54
120

84
5,554
594
176
694
176
78
49
22
47
207
3
457
59
36
81
320
107
8
956
345
429
106
23
47
1,640

36

189
22
656
480
913
773
20
18
69
785
82
52
458
20
650
2
393
234
260
179
440
426
1,931

6
188
130
283
182
35
461
494
260
142
10
323
20

722
53

448
16
288
248
124

2,249
313

244

37

3
674

35

15 1,549

351
275

995

101

912
12

1
6

337

114
19

72
12

279

107

85

1,061

162
219
1,212
652
301
804
1,476

25

40
1
17
33

304

15

7
2,135

68

32

199, 774
97, 729
77,671
67,754
61, 644
53,524
27,019
24,489
79,302
14,639
37, 974
18, 219
76,072
28,442
12, 616
6,685
63,192
11,586
40,347
80,823
63,235
50,884
5,556
47, 822
31, 392
18,029
139, 671
19, 622
101, 605
126, 602
56,903
12,896
23,265
4,928
18,928
81,190
18,069
186, 480
16,453
65, 111
6,416
8,614
15,951
3,530
72, 331
5,574
8,375
35,144
48,651
fift V)A
DU, Ov<±
27,195
45,105
184,303

53,004
24,694
9,876
19,452
18,125
18,371
15,263
4,501
23,781
4,750
14,444
7,969
16,473
11,581
4,814
2,006
19,660
2,700
13,100
19,179
13, 943
9,436
1,500
14,205
10,023
8,965
17, 245
4,280
32, 690
27,034
21,981
3,950
10,443
2,420
7,573
26,085
9,050
53,893
6,080
25,001
1,878
4,632
7,694
1,700
24,368
2,054
2,145
10,773
7,891
o o cton
jL/Of D o U

9,399
23,218
32,349

2,091
971
726
624
244
647
582
210
1,126
443
249
72
228
27
1,147
88
342
3,110
260
2,151
159
1,227
1,115
247
988
71
749
808
632
110
123
325
150
653
279
5,540
27
516
124
141
54
20
663
23
46
171
278
1,238
102
463
4,123

Loans and discounts of national banks June SO, 1925—Continued

oo

[In thousands of dollars]

Secured by
improved real
estate under
authority of
section 24,
Federal
reserve act,
as amended

On time

On demand

Secured by real estate mortgages or other liens on
realty not in accordance
with section 24, Federal
reserve act, as amended
1. For debts
previously
contracted
(sec. 5137,
R. S., U. S.)

a

2. All other
real estate
loans

1

o

Cities, States, and
Territories

II 1
OS

I
1
-a

I

2

I
©

OTHER RESERVE CITIES—

continued
Oakland
San Francisco
Ogden
Salt Lake City

7,033
78,431
2,629
3,301

420
13,124
797
2,711

68

872
3,871!

618,114|ll5,746|l,911,418

640,909

365,122

9,212

46,459

12,583 19,603)

27,79

J273,603]l,357,227|206,98l|2,98B»_438[:1,147,647
!=

475,941

9,296] 47,056

12,854] 21,246

98,951 41,966 2,960| 6,689,568

33,495
176
2,027j

Total other reserve
cities
1212,796
Total all
cities

343

211

410
52

reserve




619
ao
217

108
94

1,532

17,707
177,856
5,048
18,475

44,993
1,475
6,283

35
2,528
30
232

5,895 1,925) 3,994,646j 1,060,752

52,904

1,411

682,9341 101,111

COUNTRY BANE.3
Mains
New Hampshire
Vermont
Massachusetts
Khode Island
Connecticut.

7,722
5,879
__» « _„. 5,883
13,894
_«
1,528
10,199

Total New England
States
New York.. .
N e w Jersey
„
Pennsylvania
Delaware
„ .
Maryland........

45,105 ,

__..._ 45,636
„ . _ . . 38,920
08,561
. . . . 1,523
6,263

Total Eastern States. 188,903
Virginia . .
6,910
4,437
West Virgipfa
2 923
No r th Carolina
2,748
South Carolina
. .
2,674
Georgia
2,085
Florida
Alabama ._
„ __„_ 2,839
Mississippi
560
878
Louisiana
Texas
13,417
779
Arkansas
7,525
Kentuckv. .... _ „__„_
2,738
Tennessee.......
Total Southern States. 50,493
Ohio
Indiana
Illinois
.„
Michigan
Wisconsin
Minnesota
Iowa___ . . . .
"Missouri

. ..

43,297
8,481
28,647
3,957
4,808
8,832
8,874
5,054

9,419
7,855
3,015
29,472
2,639
25,202

759
©23
1,214
5,674
1,361
1,839

77,602 11,775

157' 359
26,033
74,388

6,818
8,084
2,404
54,194
7,377
27,165

2,172
1,026
1,317
9,130
1,480
2,790

804
254
758
597
13G

3,541
735
967
14,347
1,044
5,918

31, 758
16,832

404
44
219
391
7
114

818
269
297
1,964
4
1,361

6
4
105
19
28

76
03
554
3,330
58
701




50

16

64,473
37,120
82,715
290,756
41,633
149,903

11,609
7,889
7,553
77,672
12,739
37,054

1,371
761
485
3,697
445
2,168

616,600

IIIIIIIII-II-I
4

322,338

101,042

17,915

2,543

26,552

1,179

4,713

162

4,782

822

70

154,576

8,927

7,298
6,459
7,079
284
508

269,382
218,143
363, 277
5,785
29,010

49, 277
32,150
88,489
557
7,639

11,956
4,605
10,911
45
1,386

3.739
867
4,778
568
1,384

22,505
29,069
49,800
235
2,239

2,023
559
1,012
83
533

5,855
3,038
5,298
118
299

516
36
722
13
231

2,580
4,936
4,329
23
292

1,084
242
821

100
79
33

1
12!
7!
4

486,768
406,680
739,368
11.085
54,459

147,911
94,851
130,651
3,850
10,684

4,927
4,782
8,682
179
566

245,184 21,628

1,518 12,160

2,147

212

23| 1,698,360

387,047

19,136

30

201, 233
128.641
129,806
80,842
62,050
87, 806
72,686
48,316
49, 511
272, 567
50,320
106, 710
98, 258

61,700
19,086
41,019
30,901
25,704
30, 805
31, 478
15,910
15, 634
118, 779
20,320
24,329
37, 573

2,488
1,496
1 703
553
401
600
418
347
111
1,180
417
1,074
881

64,837
69, 565
104,251
1,847
4,084

885,577

178,112

28,903

2,272
1,027
1,247
1,707
2,038
1,128
1,675
426
342
4,822
535
872
364

126, 550
79, 308
83, 786
36, 269
32, 545
43,939
32,621
23,342
25,717
119,735
27,027
65, 784
67, 200

36,185
28, 430
22,195
14,114
5,679
10,377
4,601
& 737
5,947
14,936
4,641
12, 550
15,415

12,667
2,888
12, 649
16,392
9,543
13,915
19,559
10, 318
9,528
85, 042
m 293
5,385
6,434

3, 356
902
1,729
2,206
2,544
1, 019
1,239
1,494
822
3, 719
1,421
2,775
1,166

55, GG6 18,455

764,423

180,807

214,613

24,392

35,651
4,165
14,216
10,912
4,365
11,097
1,118
1,647

134,984
113,733
189,023
65,519
92, 539
67,173
107,935
25, 9C2

33,727
24,782
25,528
25,284
•21,817
12, 517
10,231
4,718

6,362
6,015
14,688
4,789
9,393
29,892
18,976
7, 501

7,408
6,376
8,893
4,877
5,511
11,178
4,451
1,312

TM, 868

158,604

97, 616

50,006

49,325

4,142
6,459
1,328
2,669
1,546
10,993
5,322
139
2, 560
11,871
1,332
5, 538
1,167

4,534
1,045
3,483
1,504
1,349
5,712
2,106
2,722

11, 336 103,839

4,210 14,608
2,007
1,435
856
1,094
1,424
654
951
524
623
3,907
507
1,293
1,547

235
63
52
91
63
33
60
469
17
808
33
171
35

26,810

27,957 16,822

13,245
6,677
4,251
12, 717
4,990
4,455
1,786
1,204

3,793
3,715
6,095
593
1,607
7,537
14,656
1,521

3,286
2,105
2,862
931
1,301
1,479
2,318
"S971

39,517 14,679

2,795

5.044
3.314
1,791
1,484
976
3,113
1,475
2,103
663
2,181
1,208
2,221
1,039

1,580
242
1,137
1,824
2,891
320
1,993
978
2,231
9,649
1,901
2,138
1,073

255
136
113
105
39
164
96
226
141
401
9
441
79

1,845
29
1
1

236
7

2,128

2,205

2,038

667

70 1,386, 748

473, 298

11,667

222
427
384
45
160
618
876
63

1,205
262
270
155
397
278
253
50

3
64
1,238

37
168
7
2

55,168
54, 521
90,390
30,341
46,427
54, 297
69, 635
18,039

4,727
E,079
2,928
1,206
1,208
703
392
507

418,818

14,750

„„._.

Total Middle West109,925
orn States.

126
147
14
38i
102
52

83,171 22,435

135
27

4
88
86
218

12
42
______
16

434
236
300
31

417
22
16

287,754
177,995
297, 566
131,291
148,668
161,421
173,902
52,198

2,306

669

7 1,430,793

2
6

O
O

3

fed
O

,,

2,870

IO

Loans and discounts of national banks June SO,

CO
O

1925—Continued

[In thousands of dollars]

On demand

Secured byimproved real
estate under
authority of
section 24,
Federal
reserve act,
as amended

On time

Secured by real estate mortgages or other liens on
realty not in accordance
with section 24, Federal
reserve act, as amended
1. For debts
previously
contracted
(sec. 5137,
R. S., U. S.)

2. All other
real estate
loans
xi
'%

Cities, States, and
Territories

"
8
3

o
O

1

w
oa
©

'd
&
«_

>>

ible

«8

S

COUNTRY BANKS—COntd.

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

2,462
850
3,215
5,
3,748
373
1,461
508
3,454

565
543
160
2,281
4,228
774
1,462
63
1,915

Total Western States. 21,369

11,991




1,080
689
673
1,313
993
73
1,169
400
877
7,267

17,166
20,311
35,810
46, 6521
12,345
8,016
20,814
6,627
37,821
205, 562

2,250
1,747
1,661
2,773
3,619
1,056
4, f
25,138

18, 832
15,529
16,968
28,657
10,084
11, 650
5,317
48,567
169,484

3,328
1,475
1,253
2,197
1,222
448
1,475
257
1,651

1,425
458
317
1,009
443
283
417
233
1,271

4,732
515
3,604
578
3,258
615
3,717
980
1,512
404
1,435
472
2,290
628
387
237
4,047 1,391

13,306

5,856

24,980 5,820

312
162|
197
203
12
3
51
29
232
1,201

115
173
68
169
49
23
56
95
116

106
65
1

864

256

34

45

52,223
46,622
64,288
97,925
36,729
22,553
51,201
15,274
106,420

19,943
21,218
28,005
39,646
11,975
7,741
11, 674
6,027
47,424

47
53
255
773
117
68
150
84
367

45

493,235

193, 653

1,914

Washington
_
Oregon
California. _
Idaho
Utah
Nevada
-Arizona
Total Pacific States. .

3,034
8,160
21, 771
637
54
2,166
155

Alaska (nonmember banks)
The Territory of Hawaii
(nonmember banks).

251

12

474

35,977

Total (nonmember
725
banks)
Total Country banks. 452,497
Total United States,

2,007
922
6,618
206
115
702
509

2,514
2,411
5,042
886
14
988
122

35.131
18,304
89,162
14,144
2,984
2,685
7,834

4,600
1,416
17,124
1 316
765
384
766

13, 554
9,653
19, 684
9 649
1,134
903
3,519

1,517
709
7,096
954
395
496
160

750
440
7,810
244
155
151
217

1,747
2,006
4,505
1 818
452
763
1,344

321
648
2,212
340
128
159
178

117
241
354
177
4
18
17

260
112
569
41
22
80
12

52
117
813

11,079 11,977

170,244

26,371

58,096

11,327

9,767

12, 635

3,986

928

1,096

1, 247

14

783

8

71

3

149

1,835

49

85

1

116

5

93

2,658

1,847

63

868

9

187

8

242

3,949

485,940 93,600 3,145,880

670,083

Alaska, and H a w a i i . 726,100 1,843,167 300,561 6,132,318




586,814 112,918 222,191 110,478 60, 628

i
1,817,730 1, 062, 755

83

65,605
45,141
182,843
30 412
6,222
9,495
15,098

22, 754
13, 791
41,603
13 341
2,336
2,437
4,977

435
258
729
141
19
43
47

86

354,816

101, 239

1,672

1,291

432

I

265

4

I
o

8,732 23,977

8,816

1,800

432

10

145 5,984,499 1,729,963

58,076

122,214 269,247 123,332 81,874 10,334 29, 797 107, 767 43, 766 3,105 12,674,067 3,412,897 159,187

HrJ

Q
O

w
o

o

82

REPORT OF THE COMPTROLLER. OF THE CURRENCY

COMPARATIVE STATEMENT OF LOANS AND DISCOUNTS,
INCLUDING REDISCOUNTS, MADE BY NATIONAL BANKS
DURING LAST THEEE FISCAL YEARS
The percentage of loans and discounts of national banks in the
central reserve cities of New York and Chicago to the total loans
and discounts of all national banks in the United States June 30,
1925, as well as similar information with respect to banks in other
reserve cities, etc., is shown in the following statement, in comparison with like information for the fiscal years ended June 30,
1923 and 1924.
[In thousands of dollars
Loans
June 30, 1923

Banks i n -

June 30,1924

June 30,1925

Amount

Per
cent

Amount

Per
cent

Amount

1, 827,033

15.46

2,009,100

16.77

2,084,305

16.45

- ] 2,375,398
>
3,740,783

20.10
31.65

2,603,764
3,614,971

21.73
30.18

2,694,922
3,994,646

21.26
31.52

6,116,181
5, 701,490

51.75
48.25

6,218,735
5, 759, 993

51.91
48.09

6,689,568
5,984,499

52.78
47.22

11, 978, 728 100.00

12,674,067

100.00

New York
Do
Chicago
Other resorv© cities

..
-

-

;-

All reserve cities
. _
States (exclusive of reserve cities)
Total United States

COMPARATIVE
LOANS AND
AND OTHER
OF LAWFUL
30, 1921

. . .

11,817, 671 100.00

Per
cent

CHANGES IN DEMAND AND TIME DEPOSITS,
DISCOUNTS, UNITED STATES GOVERNMENT
BONDS AND SECURITIES, AND THE AMOUNT
RESERVE OF NATIONAL BANKS SINCE JUNE

Demand and time deposits held by national banks June 30, 1925,
were at the highest point during the existence of the national banking system. Demand deposits show an increase since June 30, 1924,
of 8.72 per cent and time deposits an increase of 12.64 per cent.
Loans and discounts show an increase of 5.8.0 per cent in the year;
investments in United States bonds and other miscellaneous bonds
and securities, an increase of 11.44 per cent; and the amount of lawful reserve with Federal reserve banks shows an increase of 10.69
per cent in the year.




EEPOBT OF THE COMPTROLLER OF THE CITBEENCST

33

The percentage of increase or reduction of each of the resource and
liability items referred to between fiscal years since June 30, 1921, is
shown in the following statement:
[In thousands of dollars]
Per
cent
increase
June 30,
1921

(+)

Per
cent
increase

(+)

Per
cent
increase

(+)

Per
cent
increase

(+)

June 30, or de- June SO, or de- June 30, or de- June 30, or de1923
1924
1925
crease
crease
crease
crease
1022
(-)
(~)
(-)
since
since
since
smee
June
June
June
June
30,
30,
30,
eo,
1921
1924
1922
1923
I

Demand deposits
_ 8,709,825 9,152,415 +5.08 .
9,593,250 +3. 28 IU, <±ov» zot\ i - 72
.
+1.48 y, oya, xov i~<5. zo 10,430,254! +8. o . # a
Time deposits. _.
_ 3,695,806 4, 111, 951 +11. 26 4, 755,162 +15. 64 5, 259,933 +10. 62 5,924,658i+12,64
Loans and discounts *_ 12,004,515 1L
"1,248,214 -6.3011,817,671 +5.06 11,978,728 +1.36112,674,067 +5.80
United States and
other bonds, stocks, \
etc
4,025,081 4,563,325 +13.37 5,069,703 +11.10 5,142,328 + 1 . 43 5,730,444 4-11,44
Lawful reserve with \
Federal reserve ;
banks
j 1,040,205 1,151,605 +10. 71 1,142,736] - . 7 7 1,198,67 +4.89 1,326,864 +10. m
i Includes rediscounts and customers' liability under letters of credit,

XJFITED STATES GOYEEFMEFT SEOFBITIES HELD BY FATIOHAL BAFKS I F RESEBVS CITIES AND STATES
Investments by national banks in United States Government
securities June 30, 1925, aggregated $2,536,767,000, and exceeded the
amount June 30, 1924, by $54,989,000. Exclusive of Victory notes
held by these banks to the amount of $1,102,000, which are noninterest bearing, the holdings of these banks in Government securities
were equal to 12.55 per cent of the interest-bearing debt of the
United States on that date.
Liberty loan bonds show an increase in the year of $37,519,000;
war-savings certificates and thrift stamps, a reduction of $194,000;
United States certificates of indebtedness, a reduction of $19,358,000;
short-term Treasury notes, a reduction of $157,733,000; and all other
issues of United States bonds, including 2 per cent consols of 1930
and Panama Canal bonds to the amount of $674,626,000, deposited
to secure circulating notes5 show in increase in the year of $194,438,000.
The amount of these securities held by national banks in reserve
cities and States on the date indicated is shown in the statement
following:




34

REPORT OF THE COMPTROLLER OF THE CURRENCY
United States Government securities owned by national banks June 30, 1925
[In thousands of dollars]
War
savings
Liberty
certifiVictory cates
loan
bonds,
notes
and
all issues
thrift
stamps

Cities, States, and Territories

United
States Short- All other
certifi- term issues of
cates of Treasury United
States
indebt- notes
bonds
edness

Tota

CENTRAL RESERVE CITIES

New York.
Chicago

««

. >_ .

217, 632
17,683

4

43,889
10

105,590
29,814

164, 568
9,830

531,679
57,342

235,315

Total central reserve cities

1
1

4

43,899

135,404

174,398

589,021

2,365
274

4,921
511
159
51
5,326
29, 952
290
821

9,635
2,930
1,145
5,552
17,557
23,130
8,734
8,237
1,297
4,498
3,164
1,750
3,052
7,491
1,207
3,393
1,574
4,511
2,909
1,700
220
4,180
1,147
2,782
8,137
5,194
3,918
2,115
6,710
2,648
2,980
2,032
3,183
5,123
11,063
3,202
1,041
2,354
400
1,076
4,159
866
13, 606
770
2,891
1,000
1,386

40,917
9,057
5,904
12,047
46,501
119,552
26,330
18,682
3,449
10,797
7,982
2,966
4,815
18,552
2,784
8,380
4,098
11,351
4,849
2,455
419
7,412
1,443
3,709
19,947
16,128
7,794
3,600
9,733
11,634
5,620
17,689
4,367
10, 667
27,648
26,116
2,570
5,571
2,318
3,806
14,714
1,637
22,639
1,795
5,566
1,920
3,087
875
769
23,408
2,058
2,849
9,343
6,937
24,387
3,513
20,226
34, 716
4,705
40,175
1,210
3,912

OTHER RESERVE CITIES

Boston
Albany
Brooklyn and Bronx _
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
. .
Richmond
Atlanta
Jacksonville
..
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
Houston
___
_ _
San Antonio
Waco
Little Rock
Louisville .__
._
Memphis
.
Nashville
Cincinnati
Cleveland
Columbus.
Toledo
Indianapolis
Chicago
Peoria
„
Detroit
Grand Rapids
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
bes Moines
Dubuque
Sioux City
Kansas City, Mo
«.__ .
St. Joseph
St. Louis
Lincoln
.
Omaha
Kansas City, Kans
*.
Topeka
WTichita
Helena

Denver

Pueblo
Muskogee.
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
Salt Lake City

i

_

_

23,996
5,342
4,600
6,294
21,586
65,465
14,728
9,349
2,012
6,217
2,380
1,114
750
5,525
1,427
4,721
1,462
2,738
1,772
755
174
2,902
296
927
7,938
7,240
3,532
1,435
1,897
7,227
1,872
13,710
785
3,185
10,139
10, 559
266
2,786
1,502
2,152
5,142
557
4,247
847
2,419
756
1,298
793
307
8,382
861
1,710
8,374
5,157
9,357
682
13,730
13,634
2,876
20,849
321
1,522

1

149
2,032
1,005
2,578
274
140

1

904
2
997
2,251
150

82
1, 534
100
16
3,285

893
40

266
1,058
3,204
128

8

25

25
297

4

923
1,169
166

4
5

5

337
187
325
350

9

444
3,595
1,900
100
1
949

'

8

260
55
223
132
291
82
488
10
866
4,389
6
283
6,565
600
1,404
814

2, 944
2,525
174
50
789
1,563
443
1,597
399
1,915
2,851
10,455
1,263
331
416
577
4,464
214
4,526
123
33
32
112

941
7,256
98
6,090
101
456

272
6,593
541
960
558
905
7,809
2,825
5,272
7,261
1,131
11,832
788
1,120

190
7,937
646
179
411
9
2,832

Total other reserve cities

366,578

11

34

40,993

116,968

255,516

780,100

Total all reserve cities

601,893 |

12

38

84,892

252,372

429,914

1,369,121




REPORT OF THE COMPTROLLER OF THE CURRENCY

35

United States Government securities owned by national banks June 30, 1925—Con.
War
savings
Liberty
certifiVictory cates
loan
bonds,
notes
and
all issues
thrift
stamps

Cities, States, and Territories

United
States Short- All other
certifiterm issues of
cates of Treasury United
States
indebt- notes
bonds
edness

Total

COUNTRY BANKS

Maine New Hampshire
Vermont
Massachusetts
Rhode Island
C o unecticut

.
.

.

6,039
4,802
1,289
25,201
3,506
13,462

•

. .
^_ .

_

. . . .
.._.
__ -

64,233

Total Southern States
Ohio
Indiana
--_Illinois
_._
Michigan
Wisconsin
Minnesota
Iowa _.
Missouri

- ....
- _

-

*

. ._

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

„
..... ....

.

.

34,799

Total Pacific States
Alaska (nonmember banks)The Territory of Hawaii (nonmember

—

Total United States, Alaska, and
TTfrwpii . ,

,

., .. .

12,097

58,094

126,000

6,443
7,906
15,148
77
563

41,129
29,694
76,890
1,227
4,570

95,764
75,574
170,947
2,384
8,786

11,193

30,137

153,510

353,455

834
814
55
173
550
686
811
68
452
4,314
903
918
81

19,647
11,064
9,492
7,003
5,934
4,037
8,953
3,259
3,015
29,400
4,701
12,886
10,959

27,956
19,513
15,390
11,378
8,382
14,105
12,790
6,146
4,154
52,048
10,826
18,938
12,825

•—

50

128

17

1
10

447
74
98
62
227
1,312
665
339
358
3,705
696
257
555

256

158

8,795

10,659

130,350

214,451

18
16
53
9
14
9
10
1

760
1,226
2,528
1,092
1,678
1,712
973
657

2,365
1,560
3,822
1,063
1,911
2,689
1,088
1,057

31,864
22,378
30,849
12,861
13,574
14,309
16,832
6,129

54,107
38,297
71,667
24,310
25,748
30,887
29,341
12,144

130

10,626

15,555

148,796

286,501

522
356
559
1,097
186

4,963
3,742
6,992
10, 025
3,149
2,548
4,629
1,345
8,138

14,106
10,925
11,220
18,987
10,076
5,574
11,571
3,674
27.095

71
114

4

48
205
25
1
279

1
4
14

2

10

1
1
3

17

120
8
487

777
607
446
763
1,230
205
1,078
144
1,126

7

27

3,335

6,376

45, 531

113,228

15

4
5
5

216
163
502
21

2,189
476
1,613
248

175
268

226
136

5,322
3,695
15,760
2,515
638
1,259
759

16,027
9,601
32,102
6,758
1,166
2,719
2, 637

1,345

4,888

29,948

71,010

1

16

14

262

1,049

201

785

515

1,952

201
:'- —
=
36,798 79,913

777

3,001

567,006

1,167,646

996,920

2,536,767

2

1,236
2,021

Total (nonmember banks)




7,844
6,220
3,223
7,090
5,511
2, 820
5,743
2,177
17, 324

8,296
5,262
14, 207
3,974
527
1,059
1,474

.

Total country banks--

111,115

57,952

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

19,100
13,069
34,210
9.285
8,571
12,143
10,437
4,300

1,504
3,854
1,515
5,470
111
243

84

532

7,028
7,490
5,631
4,140
1,670
8,066
2,347
2,476
329
14,451
4,526
4,876
1,203

13,869
11,885
6,015
54,887
9,961
29,383

4
49
31

65
25
442

157,999

Total Eastern States..

6,601
6,267
4,625
21,607
6,124
12,870

6

44,269
36,385
72,966
969
3,410

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

1,223
711
81
6,890
302
2,890

4

54,299

Total New England States
New York
New Jersey
Pennsylvania.Delaware
Maryland

5
104
20
1,185
29
161

1
1

2

-

482,418

1,090

421

1,084,311

1,102

459 121,690

332,285

86

REPORT OF THE COMPTROLLER OF T H E

INVESTMENTS OF NATIONAL BANKS
United States Government and other miscellaneous bonds and securities held by national banks June 30,1925, amounted to $5,730,444,000
and exceeded the amount in June, 1924, by $588,116,000.
State, county, or other municipal bonds showed an increase in the
year of $89,172,000; railroad bonds, an increase of $100,379,000;
other public service corporation bonds, an increase of $97,679,000;
and all other miscellaneous bonds, including claims, warrants, judgments, etc., showed an increase of $141,341,000.
Foreign government bonds show an increase of $61,292,000; miscellaneous foreign bonds and securities, an increase of $37,108,000;
and domestic stocks, including Federal reserve bank stock, increased
$6,156,000.
Comparison of the investments of these banks in the years ended
June 30, 1924 and 1925, and classification of miscellaneous bonds
and securities, with the total of Government securities, held by
banks in reserve cities and States June 30, 1925, are shown in the following statements:
[In thousands of dollars]
June 30,
1924
Domestic securities:
State, county, or other municipal bonds
Railroad bonds
Other public-service corporation bonds
All other bonds
„
Claims, warrants, judgments, etc
Collateral trust and other corporation notes
Foreign government bonds
_
Other foreign bonds and securities.
Stock, Feder&l reserve banks
Stocks, all other
Total
United States Government securities..
Total bonds of all classes




June 3®,
1925

505, 528
573,571
397,560
575,743
90,594
105,933
179,470
85,055
72,318
74,778

594,709
673,95®
496,239
698,235
90,548
124,828
240,762
122,163
74,488
78,764

2,660,550
2,481,778

3,193,677
2,536,767

5,142,328

5,730,444

United States Government, domestic, and foreign bonds3 securities, etc., owned by national banks June SO, 1925
[In thousands of dollars]
Foreign government bonds

Domestic securities

United
States
Government
securities

Railroad
bonds

Other
public
service
corporation
bonds

531,679
57, 342

97? 977
9,231

"312,639
2,915

589,021

Cities, States, and Territories

State,
county,
or
municipal
bonds

107,208

40, 917
9, 057
5, 904
12,047
46, 503.
119 5*2
28,330
18, 682
8,449
10, 797
7, 982
2,966
4, 815
18,552
2,784
8,380
4,098
11,351
4,849
2,455
419

2,340
4,701
1,506
722
10, 256
3, 291
4,628
1,127
558
690
6,445
521
180
452
505
358
2B0
1,970
169
20

Stock

Stock Claims,
of other war- Judgcorpor rants, ments
rations etc.

Collateral 1
trust
an d
other
corporation
notes

Bonds
of Russian,
German,
or Austrian
Governments

Bonds
of
other
foreign
governments

Other
foreign
bonds
and securities,
including
those
of
municipalities

Total
bonds,
stocks,
securities,
etc.,
other
than
United
States

Total
all
bonds
and
securities

other
bonds

All

of
Federal
reserve
bank

30,940
2.799

74,592
15, 506

12. 525
2,543

21,535
1,571

404
1,489

18,988
2,118

2S924
40

25, 516
12,085

20,418
1,760

418, 508
52,007

950,187
109,349

115,604

33, 739

90,09S

15,068

23,106

1,843

21,106

2,964

37,601

22,178

470, 515

1,059,536

7,522
1. 583
3J167
1,494
29, 538
22,006
2.105
2,874
1,425
417
1,755
790
26
119
162

9,575
1, 774
1, 334
1,098
13, 672
6,324
% 039
2,714
103
101
1,597
247

8,375
3, 961
1,370
3, 715
14,502
28,469
4,185
3,944
826
1 145
1 517
983
242
1,544
9
787
508
1,847
1G5
580

2,482
225
131
144
2,751
1,749
688
465
376
315
109
99
144
447
56
207
72
356
194
74
29

14,838
665
98
20
2
184
328
377
1,683
146
1,738 * 709
3
266
1,137
124
109
401
118
2
24
10
71
12
3
327
300
284
255
83
12
15
29
1,015
173
126
5
14
3
2

6,956
2,298
537
1,023
11,347
15,271
614
382
347

14
20
6
108
116
311
193
2

720
59
379
8
3

60

5,027
625
258
796
4,133
3, 926
2,830
311
93
123
845
248

2,309
1,229
350
581
2,830
1,923
312
475
88
100
128
223

208

98

60,103
16,534
8,845
10,386
90,980
85, 795
17, 871
13,555
4,342
8,011
13,213
3,241
983
3,545
1,350
2,166
1.294
7, 699
1,247
995
115

101, 020
25, 591
14, 749
22,433
137, 481
205,347
44,201
32,237
7,791
13, 808
21,195
6,207
5,798
22,097
4,134
10,546
5,392
19,050
6,096
% 450
534

CENTRAL RESERVE CITIES

New York
Chicago.-.
____. _
_
Total central reserve cities
OTHER RESERVE CITIES

Boston _ ..
Albany.
_
Brooklyn and Bronx _
Buffalo
_
Philadelphia _
Pittsburgh
Baltimore
„__ .
Washington
Richmond....
A tlanta
Jacksonville
Birmingham
New Orleans
Dallas
„ _
El Paso.____
Fort Worth
Galveston
Houston.. _„_„
San Antonio
._
Waco .
Little Rock._____




__.

.
_ .
_
...

_.
_

140
533
223
120

339
30
266
171
359
139
SO

81

78
10
16
3

1
52
16

25
616
33

11

180
43
617
25
172

45
347

United States Government, domestic, and foreign bonds, securities, etc., owned by national banks June SO, 1925—Continued

CO
00

[In thousands of dollars]
Foreign government bonds

Domestic securities

Cities, States, and Territories

\

United
State,
States county,
Governor
ment
municsecuriipal
bonds

Railroad
bonds

Other
public
service
corporation
bonds

2,398

1,264

337
2,514
4,502
1,515
421
412

315
1,789

Stock Stock Claims,
All
of
Judgwarother Federal of other tants, ments
corpobonds reserve rations etc.
bank

Other
foreign
bonds
Bonds
and seCollat- of Ruscurities,
eral
sian
Bonds includtrust
Gerof
ing
and
man,
other
those
other or Aus- foreign
of
corpo- trian govern- municiration
Gov- ments palities
notes
ernments

Total
bonds,
stocks,
securities,
etc.,
other
than
United
States

Total
all
bonds
and
securities

OTHER RESERVE CITIES—continued

Louisville.Memphis
_
Nashville...Cincinnati
Cleveland
Columbus
Toledo
Indianapolis
Chicago
Peoria..
Detroit
Grand Rapids
_._
_
Milwaukee
_
_.
Minneapolis
St. Paul
_
Cedar Rapids__
DesMoines.-Dubuque
Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha
Kansas City, Kans
Topeka
__
Wichita
Helena
._.




7,412
1,443
3,709
19,947
16,128
7,794
3,600
9,733
11,634
5,620
17,689
4,367
10, 667
27,648
26,116
2,570
5,571
2,318
3,806
14,714
1,637
22, 639
1,795
5,566
1,920
3,087
875

1,363
344
605
7,152
1,135
3,588
203
1,424
5,446
1,297
9,738
281
1,479
4,805
538
1,169
704
933
521
3,604
15
15,316
329
3,085
290
2,728
6,955

797
3,212
396
1,461
4,642
2,577
234
565
135
179
530
216
6,004
406
2,660
41
10
7
17

3,156
904
238
978
5,745
639
1,998
353
2,373
911
742
2,235
686
390
71
400
43
4,858
405
724
24
13
47

2,397
51
694
3,171
4,621
2,259
430
1,587
5,772
1,278
2,757
1,191
2,390
2,091
2,272
689
1,443
667
665
2,176
200
5,897
843
1,509
291
41
14
77

268
63
206
601
238
319
45
281
175
160
510
102
464
581
282
51
117
30
82
356
62
1,113
77
288
39
55
110
23

183
4
60
53
81
179
61
543
117
22
95
65
371
80
7
25
618

4,729
2
25

133
423
32
1,340
199
48
5
1

206
221
22
1,366
277
84

118

7
894
121
22
24
67
308
297
396

200

300
157
104
1,764
15
1,684
160
33
621
205

91
314
115
178
23
26
19
4
69
53
1
10

219
58
208
2,874
2,264
555
167
185
1,063
869
5,511
451
607
2,531
1,192
112
105

2
5
9
149
30

370
2,600

255
310
451
2,508
548
523

235

114
28
552

300
47
25
43
3

271

143
23
595
254
130
105
426
419
312
50
212
307
1,199
924
25
9
50
37
212
1,866
75
596
22
33

13,157
522
2,941
21,663
16,373
9,927
1,850
24,511
5,415
25,648
3,331
9,994
17,768
9,368
4,543
4,490
2,205
2,230
1,050
40,735
3,236
9,813
755
3,099
7,138
1,036

20,569
1,965
6,650
41,610
32,501
17,721
5,450
16,623
36,145
11,035
43,337
7,698
20,661
45,416
35,484
7,113
10,061
4,523
6,036
23,012
2,687
63,374
5,031
15,379
2,675
6,186
8,013
1.805

2
to

Denver Pueblo_
_
Muskogee
Oidahoma City
Tuisa
Seattle
Spokane
Portland
Los Angeles
Oakland
.
San Francisco
Ogdem
.
-.
Salt Lake City
Total other reserve cities
Total all reserve cities

1

23,408
2,058
2,849
9,343
6,937
24,387
3,513
20,226
34,716
4,705
40,175
1,210
3,912

10- 672
i; 171
55
3,755
630
5,609
376
5,590
6,113
1,295
5,015
119
917

2,596
798

780,100

3,782

932
209
222
592
348
1,155
119
250
521
6
345

_.

1,129

59

21, 214

34,333

18,545

234,992

36,282

57,439

16,324
4,998
5,281
33,647
7,194
8,921

8,976
3,002
4 206
28,958
2,331
6,980

389
296
231
1,550
342
1,091

142
84
106
1,157
160
475

1,065
38

23

50
96
2,661
530
2,018
1,157
• 55
1,271
116
440

3,461
434
48
313
897
1,283
448
2,279
4,750
33
3,997
203
560

302
53
37
165
191
268
106
286
708
82
1,086
35
84

157,038

127,823

81,432

144,894

264, 246

243,427

115,171

13,869
11,885
6,015
54,887
9,961
29,383

_

1,889
888
24264
222
1,068
690
763
1,052
174
785
85
305

1,369,121

_.

2,699
430
152
4,438
1,876
1,883

6,047
2,481
2,958
17,365
1,571
11,248

454
13
50
266
137
141
288
1,296

22
50
116
34
12
35

6
24

16
36
15

6
19
10
15

390
117
106
199
149
2,366
450
2,062
599
58
1,607

1,315
57
94
324
161
1,424
387
20
902
12
20

23,104
3,765
579
5,520
2,963
14,877
3,040
14,997
16,633
1,723
18,925
570
3,704

46,512
5 823
3,428
14,8C3
9,900
39, 264
6,553
35, 223
51,349
6 428
59,300
1 780
7,616

48

87
16

151

1,226

50,493

2,449

52,362

23,847

715, 656

1,495, 756

20,388

1,226

71,599

5,413

89, 963

46,025 1,186,171

2,555, 292

17
42
168
199
40
94

1
25

1,799
520
781
5,957
2,501
1,616

35
27
73
134
5
63

3,738
790
1,592
6,507
585
4,172

42,476
13,182
16,727
104,476
17, 219
38, 335

56,345
25,067
22 742
159,363
27,180
67,718

COUNTRY BANKS

Maine
New Hampshire— _ Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey.. .
Pennsylvania
Delaware
Maryland
Total Eastern States
Virginia
„
West Virginia
North Carolina
South Carolina
Georgia
_ ._
Florida
Alabama
Mississippi
« .
Louisiana
Texas
„ „
„
Arkansas
Kentucky
._
Tennessee
.
Total Southern States--




2,309
512
1 179
4,539
614
1,792

126,000

_,

41,670

76,365

54,453

3,899

2,124

560

26

13,174

337

17,384

10,945

232,415

358,415

26,841
37,625
30,478
775
2,282

95,354
73,370
145,852
2,007
6,657

68,490
41,684
88,401
2,036
7,987

70, 234
45,404
118, 681
1,005
8,394

2,878
2,340
6,049
114
335

1,963
1,096
3,865
46
199

1,211
1,002
814

53
36
2,294

86

155

9,103
3,521
11,055
359
614

826
406
1,007
22
86

27, 792
15,380
28,755
556
2,253

16,815
8,191
18,151
149
1,048

321, 560
230,055
455, 402
7,069
30,096

417,324
305, 629
626, 349
9,453
38,882

353,455

_-

11,478

95,764
75, 574
170,947
2,384
8,786

98,001

323, 240

208,598

243,718

11,716

7,169

3,113

2,538

24,652

2,347

74,736

44, 354 1,044,182

1,397,637

27,956
19, 513
15,390
11,378
8,382
14,105
12,790
6,146
^ 154
52,048
10,826
18,938
12,825

3,771
1,229
1,753
2, 111
343
8,083
3,849
7,736
1,529
3,729
1,863
1,613
1,506

1,369
1,772
53
828
263
3,992
1,927
752
14
900
12
1,863
283

1,649
2,635
67
656
311
4,556
859
395
117
971
57
1,794
442

5,179
6,160
870
1,476
439
4,393
2,685
1, 238
457
3,120
914
3,286
1,927

1,256
742
686
499

412
39
72
159
353
702
725
450
241
2,050
1,061
1,376
843

48
124
56
6
4
813
91

486
237
74
32

349
540
239
278
2,201
311
701
557

902
504
342
681
248
589
242
60
617
371
82
168
205

77
205
72
42
84

91
47
215
24
298
105
623
101

131
57
6
31
15
11
84
26
14
106
21
9

1,398
1,705
67
232
319
2,825
913
700
21
855
68
1,128
545

343
803
16
203
57
879
120
195
2
392
30
183
193

16,944
16,007
4,062
6,914
2,835
27,283
12,082
12,006
3,391
15,198
4,575
12, 798
6,695

44,900
35, 520
19, 452
18,292
11, 217
41,388
24, 872
18,152
7,545
67, 246
15 401
31,736
19,520

214,451

39,115

14,028

14,509

32,144

8,842

5,011

8,483

1,622

2,333

511

10,776

3,416

140,790

355, 241

United States Government domestic^ and foreign bonds, securities, etc., owned by national banks June SO

1925—Continued

[In thousands of dollars]
Foreign government bonds

Domestic securities

State,
United
States county,
Governor
ment
municsecuriipal
ties
bonds

Other
foreign
bonds
Bonds
and seCollat- of Russian, Bonds curities,
eral
includGertrust
of
ing
man,
and
other
other or Aus- foreign those
of
corpo- trian govern- municiGov- ments palities
ration
ernnotes
ments

Total
bonds,
stocks,
securities,
etc.,
other
than
United
States

Total
all
bonds
and
securities

Railroad
bonds

Other
public
service
corporation
bonds

All
other
bonds

Stock
of
Federal
reserve
bank

30,590
8,441
24,325
21, 575
11,110
14,093
2,407
3,882

8,859
7,959
7,409
6,604
4,739
5,735
1,193
586

6,640
9,378
13,356
10,221
11,363
6,086
3,557
753

27,433
9,665
19,150
17,788
12,702
10,736
4,312
1,472

1,988
1,170
1,818
724
789
917
914
324

940
348
978
149
320
209
717
142

327
313
6,088
721
447
7,309
2,884
459

217
182
975
150
69
365
836
44

2,161
1,670
4,286
952
1,432
881
127
19

353
141
282
98
129
139
32
16

7,159
3,678
47163
4,584
3,011
3,974
1,011
505

3,810
1,206
2,145
3,000
1,252
1,704
487
96

190,477
44,151
84, 975
66, 566
47,363
52,148
18, 477
8,298

144,584
82,448
156, 642
90,876
73, 111
83,035
47,818
20,442

Total Middle Western States.... 286, 501 116,423

Cities, States, and Territories

COUKTRY BANKS—Continued

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

Wyoming
Colorado..
New Mexico .
Oklahoma

.

i

. .

North Dakota
,
South Dakota
Nebraska.
„
Kansas
_
_
Montana
. .




. .

43,084

61,354

103,258

8,644

3,803

18,548

2,838

11, 528

1,190

28,085

13,700

412, 455

698,956

1,502
686
634
6,032
1,932
649
3,864
281
8,177

976
576
561
354
697
288
798
17
233

2,076
1,183
705
325
$79
359
1,804
47
675

1,953
1,482
1,478
1,151
917
651
2,996
243
952

294
228
395
629
238
134
331
05
658

58
48
75
224
139
78
639
38
138

2,292
2,019
1,030
2,259
2,494
707
1,667
205
7,236

146
122
244
238
110
64
106
17
4S3

15
98
54
240
50
10
302

154
7
4
20
9

1,288
693
495
685
760
283
373

25

9

499

669
85
129
86
263
49
68
17
71

11,423
7,227
5,804
12,243
8,433
3,272
13,011
960
19,156

25,529
18,152
17,024
31,230
18, 564
8,846
24, 582
4,634
46,251

113,228

.

Total Western States
Washington..
Oregon
California. _ .
Idaho
Utah

54,107
38,297
71,667
24,310
25,748
30,887
29,341
12,144
14,106
10,925
11,220
18,987
10,076
5,574
11,571
3,674
27,095

.

.

Stock Claims,
of other war- Judgcorpo^ rants, ments
rations etc

23,757

4,500

8,113

11,820

3,002

1,437

19,909

1,530

794

204

o,08X

1,437

81,584

194,812

16,027
9,601
32,102
6,758

6,456
4,658
27,156
781
227

1,598
305
1,816
27
13

2,177
705
7,872
169
79

5,390
1,130
9,629
302
91

373
291
1,098
170
85

140
101
1,025
169
21

1,800
2,260
2,509
1,933
61

120
202
46
217
7

398
64
207

45
7
19
6

2,055
722
1,630
125
14

1,131
311
715
28
3

21,683
10,756
53, 722
3,927
556

37,710
20,357
85,82410,685
1,722

1

'Nevada. __
Arizona
Total Pacific States
Alaska (nonmember banks)
The Territory of Hawaii (nonmember
banks)
Total (nonmember banks)
Total country banks

818
576

117
80

55
22

384
262

61
75

157
168

•9
535

71,010

40,672

3,956

11,079

17,188

2,103

1,781

9,112

1,049

32

45

50

147

1,952

976

14 I
23

88
10

1,771
1,844

4,490
4,481

77

4,628

2,288

94,259

165,269

5

629

68
14

25

79
748

1, 353

1,517

26

515

304

3,469

1,821

3,001

__

Total United States, Alaska,
and Hawaii .




2,719
2,637

1,008

45

50

662

5

25

1,167,646

330,454

430, 523

380,068

463,243

38,206

21,325

59,751

9,183

53,229

4,671

140, 715

2,536,767

594,700

673,950

495,239

698, 235

74,488

78,764

80,139

10,409

124,828

10, 084

230,678

122,163 3,193,677

4,822

76,138 2,007,506

26

3,175,152
I
5,730,444

n

o

o
Q

3

42

REPORT OF THE COMPTROLLER OF THE CURRENCY

SAVINGS DEPOSITOES AND DEPOSITS I F NATIONAL BANKS
Savings deposits reported by national banks June 30, 1925, aggregated $4,558,899,000 and exceeded the amount in June, 1924, by
$319,691,000. The number of depositors was increased in the year
from 11,070,223 to 11,867,948, the number of banks reporting these
deposits was 3 less than a year ago, and the number of banks maintaining separate savings departments showed an increase of 93.
The average rate of interest paid on these deposits, 3.64 per cent,
compares with 3.68 per cent a year ago.
The number of savings depositors, the amount of savings deposits,
and other related data reported by banks in reserve cities and States
are shown in the following statement:
Savings depositors and deposits in national banks June 80, 1925

Cities, States, and Territories

Number
of banks
Number maintain- Number Amount of
Average
of banks ing sepasavings
of
rate of
reporting
deposits
rate
savings
interest
savings
(000
paid
deposits savings depositors omitted)
departments

CENTRAL RESERVE CITIES

New York
Chicago
Total central reserve cities
OTHER RESERVE CITIES

Boston

Albany
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington....
Richmond
Atlanta
—
Jacksonville...—
Birmingham
Dallas
El Paso
Fort W o r t h . . .
Galveston
Houston
San Antonio
Waco.._
Little Rock....
Louisville..
Memphis..
Nashville..
Cincinnati
Cleveland
Columbus
Toledo..
Indianapolis
Chicago
Peoria
Detroit
Grand Rapids
Milwaukee
Minneapolis
_
St. Paul
Cedar Rapids
Des Moines
Dubuque
_
Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha. __.
Kansas City, Kans

.___
._




_
_
_

26
10

26
7

467,503
81,638

159,116
15,112

3.45
3.00

36

33

649,141

174,228

3.23

12
3
2
4
24
13
10
12
6
3
3
2
5
3
6
4
10
4
5
3
4
2
5
7
3
7
1
4
18
4
3
3
7
7
4
2
1
2
5
6
3
10
5
7
1

9
3
2
2
24
8
10
12
6
3
3
2
5
3
6
4
10
4
4
2
4
2
5
7
2
7
1
3
14
4
3
2
7
6
4
2
2
4
5
3
9
4
6
1

190,722
10,292
6,752
37,455
144, 789
95,387
33,068
84,066
72, 218
59,681
42,962
39,662
27,090
13,727
24,765
18,164
53, 305
4,875
8,274
3,586
54, 743
8,608
26,630
40, 293
64,286
32,585
4,914
8,229
174,776
22,793
7,190
35,764
98,150
135, 605
50,172
13, 561
10,072
8,955
22,075
20,701
8,971
158, 548
20, 791
65,200
2,400

97,431
11, 541
3,399
22,905
55, 416
60,917
17,056
29,880
20,508
15, 418
24, 510
13,803
13, 261
5,504
8,784
11,420
25,109
3,815
4,541
1,115
15,248
3,379
13, 011
21,978
34,433
6,588
4, 352
2,741
42,653
8,265
34, 528
12,336
29,828
37,956
19,524
6,219
3,232
3,743
5,006
3, 278
5,778
39,949
3,717
7,615
539

3.98
3.42
3.50
4.00
3.75
4.00
3.90
3.15
3.00
3.50
3.25
4.00
3.90
3.00
4.00
4.00
4.00
3.63
4.00
4.00
3.25
3.00
3.50
4.00
4.00
3.00
3.00
3.00
3.00
3.00
3,00
3.25
2.93
3.50
3.38
4.00
4 00
3! 50
3.70
3.00
400
3.03
4.00
3.14
3.00

REPORT OF THE COMPTROLLER OF THE CURRENCY

43

Savings depositors and deposits in national banks June 80, 1925—Continued
Number
of banks
Number maintain- Number Amount of
Average
of banks ing sepasavings
of
rate of
reporting
deposits
rate
savings
interest
savings
(000
paid
deposits savings depositors omitted)
departments

Cities, States, and Territories

OTHER RESERVE CITIES—continued

3
4
1
9
2
3
8
6
8
4
6
12
2
3
2
3

Topeka
Wichita
Helena
Denver
Pueblo
Muskogee
Oklahoma City.
Tulsa
Seattle
Spokane
_
Portland
Los Angeles
Oakland
„
San Francisco
Ogden
Salt Lake City

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

3,456
13,167
2,275
100,937
4,410
5,815
21,394
23,738
84,503
37,155
92,119
57, 926
5,230
25,941
3, 591
16,973

351
2,233
1,177
48,920
3,725
1,936
6,401
7,922
28,314
14,567
37,904
70,420
2,727
22,266
1,081
4,224

3.00
4.00
4.00
3.61
4.00
4.00
4.00
4.00
3.00
4.00
3.50
3.50
4.13
4.00
4.00
4.00

Total other reserve cities

331

291

2, 565,482

1,066,397

3.59

Total all reserve cities

367

324~

3,114,623

1, 240,625

3.41

51
23
39
115
5
40

45
16
27
106
5
35

170,144
46,753
60,524
447,306
23,516
148,849

75,213
14,210
28,149
175,715
13,141
65,170

3.94
3.00
4.00
4.01
4.17
4.00

273

234

897,092

371,598

3.85

451
262
766
15
72

374
235
541
12
64

969,121
757,498
1,633,674
11,515
109,727

477,855
331,888
622,817
7,012
59,482

3.87
3.75
3.50
3.98
3.72

1,566

1,226

3,481,535

1,499,054

3.76

169
115
75
72
66
53
80
23
26
162
56
86
79

135
89
59
59
47
43
53
20
14
87
36
66
49

273,793
169, 560
135,078
92,267
61,734
80,601
78,123
36,575
35,532
70,134
36,277
80,128
107,841

103,592
55; 879
42,933
48,346
20, 587
34,419
33,625
17,873
15,450
29,123
15,137
31,233
40,343

3.75
3.75
4.00
4.25
4.00
4.00
4.00
4.00
4.00
3.93
4.00
3.69
3.75

1,062

757

1,257,643

488,540

3.93

199
393
118
147
293
233
68

206
157
239
92
91
175
166
39

460,664
261,275
469,210
347,276
326,880
245,217
168,036
54,412

132,747
79,407
142,229
125,299
91,218
65,950
49,590
11,331

4~00
3.58
3.46
3.25
3.26
3 90
4.22
3.38

1,742

1,165

2,332,970

697,771

3.63

COUNTRY BANKS

Maine
New Hampshire
Vermont..
Massachusetts
Rhode Island
Connecticut

.

Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
_

-

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

__.

„
_

Total Southern States
Ohio....
Indiana
Illinois-_>
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States




29T

_?__

.

44

REPORT OF THE COMPTROLLER OF THE CURRENCY
Savings depositors and deposits in national banks June SO, 1925—Continued

Number
of banks
reporting
savings
deposits

Cities, States, and Territories

Number
of banks
maintain- Number
of
ing sepasavings
rate
savings depositors
departments

Amount of
savings
deposits
(000
omitted)

Average
rate of
interest
paid

COUNTRY BANKS—continued

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

118
97
104
158
64
27
114
21
179

Washington
Oregon..
California
Idaho - .
_ .
Utah
Nevada .
Arizona

.

Total Pacific States .
Alaska (nonmember banks)
The Territory of Hawaii (nonmember banks)
Total (nonmenber banks)
Total country banks

„
...

.

Total United States, Alaska, and Hawaii. __

4.50
4.42
4.25
3.78
4.43
4.24
4.09
4.1®
4.03

570

367,068

94,996

4,19

60
52
111
33
7
5
11

107, 237
51,450
189, 544
32, 795
10,997
6,906
14, 661

38,272
16,124
87,426
8,793
3,051
5,707
5,740

4.0*
3.5®
4.08
4. Of
4.0*
4.0t
4.0«

279

413, 590

165,113

3.9S

3
1

-.
_

13,691
9,730
6,078
10,618
15,874
8,249
19,414
3,016
8,326

481

- - --

Total Western States

46,779
35,347
44,229
70,623
34,148
22,047
59,360
9,797
44,738

99
75
213
55
14
8
17

_

68
5o
72
111
42
16
77
21
107

882

_

2
1

1,387
2,040

864
338

3.63
4.0*

4

3

3,427

1,202

3.8*

6,010

4,234

8,753,325

3,318,274

3.8*

£,377

4,558 i 11,867,948

4,558,899

3.64

PER CAPITA INDIVIDUAL AND SAVINGS DEPOSITS IN ALL
REPORTING BANKS

The total individual deposits in all reporting banks in the continental United States, Alaska, and the insular possessions were
$46,765,942,000, June 30, 1925, of which amount $18,008,576,000
were savings deposits or deposits in the interest or savings departments of the banks.
The per capita individual deposits, based upon an approximate
population of 126,691,000, were $369.13, and the per capita savings
deposits were $142.15.
Statement showing the population, amount of individual deposits,
per capita individual deposits, amount of sayings deposits, and per
capita savings deposits reported by all banks in each State, the District of Columbia, Alaska, and the insular possessions follows:




45

REPORT OF THE COMPTROLLER OF THE CURRENCY
Per capita individual and savings deposits in all reporting banks, June S0}
States and Territories
Maine
New Hampshire..
VermontMassachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey
_.
Pennsylvania
Delaware
Maryland
District of ColumbiaTotal Eastern States..
Virginia
West Virginia.-.
North Carolina.
South CarolinaGeorgia
Florida
Alabama.--.
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States.
Ohio
Indiana
Illinois-_...
Michigan...
Wisconsin..
Minnesota..
Iowa
Missouri
Total Middle Western States..
North Dakota..
South Dakota.
Nebraska.......
Kansas
Montana
Wyoming
Colorado
New Mexico....
Oklahoma,.
Total Western StatesWashington .
Oregon.
California...
Idaho__
Utah
„_
Nevada
Arizona.
Total Pacific States..
Alaska
The Territory of Hawaii.
Porto Rico
Philippines
Total Alaska and insular possessions

Population
(approx.)

Individual
deposits

Per
capita individual
deposits

778, 000
$355, 332, 000 $456. 72
452, 000
508.99
230, 063,000
355, 000
564.63
200,443, 000
771.37
4,205, 000 3,243,612,000
433., 584, 000 670.11
647, 000
952, 984, 000 620.84
1, 535, 000
7,972, 000 j 5,415,988, 000

Savings
deposits

Per
capita
savings
deposits

$263, 619, 000
188, 806, 000
172, 585, 000
1,890,126, 000
282, 510, 000
671,371, 000

$338.8i
417. 71
486.15
449,49
436.6S
437.38

679.38 ! 3,469,017,000

435.1$

II, 650, 000 12, 012, 743,000 1, 031.14
3, 740, 000 1,809, 731, 000
483.89
9, 200, 000 4,309,154,000
468.39
96, 540,000
414, S3
233, 000
419.43
668,988, 000
1, 595, 000
438.39
479, 000
209,990, 000

4, 290,447, 000
1,021,917,000
1,964,216,000
49, 094,000
377, 776,000
74, 327, 000

26,897, 000 19,107,146, 000

710.38

7, 777,777. 000

411,651,000
331,441,000
318,353. 000
194, 328; 000
308,408, 000
514, 207,000
234, 506, 000
189, 201,000
358,194,000
863,690, 000
194,027,000
386, 905,000
366,390, 000

168.71
205.39
113.90
107.96
103.75
469.60
96.11
105.64
190. 53
171. 54
105.11
155.57
152.09

155, 589,000
99, 618, 000
85, 0(53, 000
81,663,000
86.142, 000
108, 709,000
86, 239,000
41,619,000
94, 533,000
108,686, 000
36,964,000
80,808,000
124,322,000

2,440,000
1, 5G5, 000
2, 795, 000
1,800, 000
3, 081,000
1, 095,000
% 440, 000
1, 791, 000
1,880, 000
5,035,000
1,846, 000
2,487, 000
2,409, 000
30,614, 000
6, 255, 000
3,075,000
6, 960, 000
4,105,000
2,885,000
2, 578, 000
2,513, 000
3,434,000

868.2$
273,24
213.5«
210,7§
236.86
155.IT

63. 7T
63.61
30.41
45. m

28.4B
99. SI
35.34
23.24
50.28
21.59
20. If
32.41
51.61

4,661,301, 000

152. 26

1,189,955,000

2,271,164, 000
770, 647, 000
3,225,451, 000
1, 596, 308,000
797, 534, 000
916, 268,000
894,315, 000
1,140, 647,000

363.10
250.62
463.43
388.87
276.44
355. 42
355. 88
332.16

982,351, 000
210, 074,000 i
1, 057,172, 000
171, 807, 000
252, 718,000
244, 222. 000
442, 529,000
61,317,000

157. fS
68.31
151. 89
41.8*
87.61
94. n
176.It
17.8*

3,422,190,000

38.8T

31,805,000

11,612,334,000

682,000
667,000
1, 344,000
1, 845,000
638,000
222,000
1,013, 000
380,000
2, 240, 000

160,512, 000
178, 446, 000
438, 553, 000
413,911,000
128, 222, 000
53,249, 000
289,146, 000
28, 575, 000
376, 562, 000

235.35
267. 54
326. 30
224. 34
200. 97
239. 86
285.44
75.20
168.11

12, 624,000
13,467,000
27, 70S, 000
12, 736,000
23,162,000
9, 525, 000
91,614,000
3,196, 000
34,451, 000

107. i t
18. SI
20. I t
20.03
6.9i
36. 3t
42,9i
90. U
8,41
15.3$

9, 031, 000 I 2, 007,176, 000

228.90

228,483,000 I

25.3t

5.11

1, 487, 000
840,000
3, 996, 000
485, 000
493, 000
77, 000
407, 000
7, 785, 000 I 3, 723, 550, 000

478. 30

1, 873, 262,000

240.62

91, 000
281, 000
1,345, 000
10, 870, 000

9, 674, 000
64,129, 000
36, 729, 000
67, 905, 000

106.31
228. 22
27.31
6. 25

3, 421, 000
24, 011, 000
11,843,000
8. 617,000

37.51
85. 4S
8.81
.79

12, 587, 000

178, 437, 000

14.18

47, 892,000

3.8t

46, 705, 942, 000 | 369,13 18, 008, 576,000

142. IS

Total United States, Alaska,
and insular possessions
j 126, 691, 000

NOTE.—Individual deposits include postal savings and all other demand and time deposits. Savings
deposits include only deposits in the interest or savings departments of banks and do not include postal
savings.




46

EEPORT OF THE COMPTBOLLER OF THE CURRENCY

EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS
The gross earnings of national banks in the year ended June 30,
1925, amounting to $1,124,097,000, were $49,538,000 in excess of the
earnings in the year ended June 30, 1924. Interest and discount collected in the last year exceeded the amount in the prior year by
$10,582,000; domestic exchange and collection charges showed an
increase of $1,426,000; foreign exchange department profits, an
increase of $5,351,000; trust department profits, an increase of
$892,000; and other miscellaneous earnings, an increase of
$31,287,000.
Total expenses incident to operation of these banks showed an
increase over the prior year of $32,670,000. The principal item of
expense was on account of salaries and wages, which exceeded the
amount a year ago by $7,758,000; interest and discount paid on account of borrowed money showed a reduction of $12,830,000; interest
on deposits, an increase of $35,646,000; taxes paid, a reduction of
$550,000; and other miscellaneous expenses, an increase of $2,646,000.
Losses charged off during the year amounted to $141,134,000 and
were less than the amount charged off in the prior year by $6,170,000.
Losses on loans and discounts showed a reduction in the year of
$7,262,000; on bonds and securities, an increase of $659,000; trust
department losses were reduced $233,000 and other miscellaneous
losses were increased $666,000.
After payment of all expenses the net earnings during the year,
plus recoveries on charged off assets, amounted to $365,069,000, and
exceeded the net earnings of the previous year by $22,059,000.
After charging off the losses enumerated the net addition to profits
during the year was $223,935,000, or $28,229,000 greater than in the
previous year.
Dividends declared in the year amounted to $165,033,000, exceeding the amount in the prior year by $1,350,000. The percentage of
dividends to capital was 12.05, dividends to capital and surplus was
6.63, and net addition to profits to capital and surplus was 9.
Comparison of the net earnings, expenses, and dividends of national
banks m fiscal years ended June 30, 1924 and 1925, and summaries
showing this information with respect to banks in reserve cities and
States and by Federal reserve districts in the year ended June 30,
1925, follow:




BEPOBT OF THE COMPTROLLER OF THE CURRENCY

47

Earnings, expenses, and dividends of national banks for the fiscal years ended
June 30, 1924 and 1925
[In thousands of dollars]
June 30,
1924
(8,085
banks)
Capital stock
Total surplus fund
Dividends declared

_

June 30,
1925
(8,070
banks)

1,334,011
1,080,578
163,683

1,369,385
1,118,953
165,033

965,876
15,402
7,222

976,458
16,828
12,573

994
5,059
80,006

1,158
5,951
111, 129

1,074,559

1,124,097

210,315
26, 537
338,345
66,348
124,499

218,073
13,707
373,991
65,798
127,145

766,044

798,714

Net earnings during the year
Recoveries on eharged-off assets.
Total.

308,515
34,495

325,383
39,686

343,010

365,069

Losses charged off:
On loans and discounts
On bonds, securities, etc —
On trust department operationsOther losses..
On foreign exchange

102,814
24,642
855
17,543
1,450

95,552
25,301
622
17,876
1,783

147,304

141,134

195,706

223,935

_

_

_

Gross earnings:
Interest and discount
.-.
Domestic exchange and collection charges
Profits of foreign exchange department
Commissions and earnings from insurance premiums and the negotiation
of real estate loans
_
,
Trust department profits
Other earnings
Total.
Expenses paid:
Salaries and wages
Interest and discount on borrowed moneyInterest on deposits
Taxes
_
Other expenses
Total.

Total
Net addition to profits during the year..




Abstract of reports of earnings and dividends of national banks for the year ended June SO, 1925

00

[In thousands of dollars]
Expenses

Gross earnings

Number of Capital
banks

Surplus

Capital
and surplus

58
54
46
144
12
17
62

7,370
5,240
5,060
28,767
45,450
6,320
20,002

5,716
4,637
2,908
25, 381
37, 275
5,340
16, 679

13,086
9,877
7,968
54,148
82, 725
11, 660
36,681

6,379
3,179
3,029
23,107
25,943
3,280
11,321

393

118, 209

97,936

216,145

76,23S

488
3
5
4
33
265
821
32
14
18
74
10
13

52,490
3,350
2,200
2,950
180, 3f;0
40,973
85,484
29,105
28, 550
1,735
5,179
12,100
9,427

44,415
4,150
2,200
1, 950
236,135
38,180
119, 989
63, 280
29, 750
2,052
6,251
10, 830
5,913

Total E astern States 1,780

453,893

565,095 1,018,988 371,702

23, 979
6,300
13, 416

14, 003
4,179
9,768

Location

Maine
New Hampshire...
Vermont
Massachusetts
Boston
•Rhode Island
Connecticut
Total New England
States
New York
Albany
Brooklyn and Bronx.
Buffalo
New York City
New Jersey
Pennsylvania
- -.
Philadelphia
JPittshurph
Delaware
M. ar viand..
Baltimore
Washington, D. C

Virginia.
Richmond
West Virginia

175
6
124




17, 786
6,240
11, 756

ExInterest changes
and and coldis- lection
count charges

96,905 48, 27S
3,861
7, 500
2,500
4,400
3,255
4,900
416, 485 133,650
79,153 36, 560
205, 473 75,120
92, 385 28,932
58,300 20,715
1,071
3,787
5,340
11,430
6,830
22,930
5,590
15,340

41,765
12, 540
25,172

Commissions and
Profits earnings
from
of for- insurance
eign ex- premiums
change and the
depart- negotiament
tion of
real estate loans

31
54
21
163
140
18
77

3
5
6
24
865
12
25

504

InterSala- est and Interdisries
count est on
and on bor- deposits Taxes
wages rowed
money

Other Total
exexpenses penses
paid

Trust
depart- Other
ment earnprofits ings

Total
gross
earnings

153

734
457
280
2,911
7,338
442
1,347

7,154
3,701
3,838
26, 253
34, 676
3,752
12,923

1,006
815
595
4,424
5, 751
584
2,598

68
104
86
262
341
16
72

3,258
798
1,154
10,205
11, 831
1,403
4,172

325
193
268
1, 200
1,244
175
838

669
567
317
2,960
3,683
414
1,409

91, 797

.7
6
o

• 46
390

5,326
2,477
2,420
19,051
22, 850
2,592
9,089

940

2

604

13,509

15,773

949

32,821

4,243

10,019

63, 805

21
* 377
19
15
31
10
3,202 7,979
149
66
487
106
104
607
61
232
7
20
64
24
51

9

196
58
22

4
65

5,904
288
287
361
23, 050
4,765
7,868
2,536
4,485
46
316
699
924

54. 785 9,130
644
4,228
582
2,829
527
3,657
170,097 28,805
7,202
41,820
83,860 13, 641
5,569
32,216
25,493 3,634
233
1,133
918
5,679
1,352
7,621
1,499
6,639

478
11
27
42
1,666
393
825
268
200
17
102
112

21,022
1,677
849
1,578
53, 834
15,471
28, 648
11, 697
9,770
371
2,364
2, 418
1, 721

2,645
196
122
122
8,195
1, 648
3,849
1,401
1,283
63
308
540
565

5,039
360
359
306
17,787
4,379
7,325
3, 541
2, 713
90
473
846
662

38, 314
2,888
1,939
2,575
110, 287
29,093
54, 288
22, 476
17, 600
774
4,165
5,268
4,504

4,587

9,061

15

3,163

51, 529

440,057

73,736

4,198 151,420

168
71
61

13
14
10

1

14, 892
4, 615
10, 59S

2,877
948
2,010

2
3

2,216
278
276
37

1

9
2

1

74
71
26

635
280
735

57

553
122
334

20,937

43,880

294,171

4, 823
1, f>20

884
356

3,180

806

1,507
515
1,094

10,644
3,461
7,424

North Carolina
South Carolina
Georgi a
Atlanta
Florida
Jacksonville
Alabama

_ -----

TVXi^sissiDDi
Louisi&ii£L

New Orleans
Texas
Dallas
El Paso
Fort Worth
Galveston
TTonston
San Antonio
Waco
Arkansas
Little Rook
Kentucky
Louisville
Tennessee
M^emphis
Nashville

Total S o u t h e r n
States
Ohio
Cincinnati
Cleveland
Columbus
Toledo
Ind^ ana _
Indianapolis
Illinois
Chicago, c e n t r a l
reserve
Chicago, other reserve
Peoria
Michigan.
„
_.
Detroit
Grand Rapids
Wisconsin
Milwaukee . _.
Minnesota
Minneapolis,..
St. P a u L . _
..-..

83
75
86
3
54
3
100
2
36
32
1
598
8
3
6
4
10
8
5
83
3
135
4
98

22,891
8,826
5,446
16,676
6,464
16,179
4,550
10,500
4,369
12,223
1,350
4,000
6,799
18,119
1 550
3 300
8,399
3 114
9,069
2,844
2,000
4,8Q0
25,091
72,028
. 15,050
3,150
1,870
370
2,500
6,850
610
2,410
3,945
11,995
1,715
6,465
515
2,465
3,082
10,287
270
970
9,427
23,523
4,450
8,950
6,129
18,498
1,050
2,150
2,950
6,850

340
232
188
84
199
252
263

8,919
6,466
5/097
3,924
6,445
3,473
6,367
1,934
4,219
3,831
1,598
24, 095
5,325
1,105
2,922
1,282
5,277
2,268
904
4,575
447
8,002
4,699
7,415
725
2,666

244
85
87
1,042
286
28
119
177
192
63
67
164
11
41
7
157
68
162

395,994 151,925

1
9

2
1
o

3

4

13

1

8

5

14, 065
11, 230
9,715
5,950
7,854
2 650
11,320
1 750
5 285
6,225
2,800
46, 937
11,900
1,500
4,350
1,800
8 050
4,750
1 950
7,205
700
14,096
4,500
12, 369
1,100
3,900

1,752

247, 646

148,348

4,856

130

338
3
7
1
242
4
465

38,880
13,100
4,800
5,000
500
25,298
6,650
36,973

27,432
6,950
3,040
5,650
1,000
13,690
2,725
24,355

66,312
20,050
7,840
10,650
1,500
38,988
9,375
61,328

25,580
6,141
4,638
3,855
600
14,947
3,224
25,254

199
93
10
23
8
178
58
289

32
43
41
3

14
38
4
120
3
3
150
7
309
7
4 ;

50, 750
4,225
2,100
15,021
9,000
2,100
17,605
9,400
20,369
11,650
5,700

34,005
1,655
3,250
9,505
8,000
1,300
8,730
6,050
9,922
7,700
3,700

84,755
5,880
5,350
24, 526
17,000
3,400
26,335
lf>, 450
30,291
19,350
9,400

31,391
3,232
1,347
12,421
7,596
1,582
12,325
6,152
15,091
8,260
4,629

989
34
48
163
22
27
140
73
384
542
149

436
658
400
461
753
312
401
212
312
292
532
1,253
410
67
169
56
704
417
130
317
37
549
182
359
163
168

9,712
7,380
5,691
4,487
7,455
4,039
7,063
2,164
4,791
4, 213
2,259
26,415
6,057
1, 207
3,215
1,518
6.175
2,756
1,101
5,095
495
8. 655
4,938
7,936
956
3,004

2,051
1,399
1,270
1,033
1,440
636
1,518
370
1, 033
1, 010
483
6,763
1,239
309
710
196
1,338
632
209
1,167
145
1,869
927
1,681
192
546

619
274
218
4
39
3
153
6
169
138
17
479
38
39
37
32
32
46
26
137
11
149
49
236
4
56

2,832
2,451
1,405
1,644
1, 995
1,549
1,654
765
1, 238
1,173
523
4,966
1,684
389
1,125
784
1,955
621
281
1,419
133
2, 348
1,534
2,507
276
927

604
686
482
371
463
124
506
170
456
331
213
2, 230
368
61
239
62
349
250
79
312
29
820
363
590
107
256

1,138
1,266
674
630
933
587
872
170
614
598
218
3,600
647
168
385
110
977
393
153
708
99
934
522
834
123
345

7 ; 244
6, 058
4, 049
3, 682
4,870
2,899
4, 709
1, 481
3,510
3, 250
1, 454
18, 038
3,976
968
2,496
1,184
4,651
1, 942
748
3,743
417
6,120
3,395
5,848
702
2,130

531

11,400

168,880

36,001

4,026

47, 701

12, 547

20, 814

12L 089

1,906
953
1,086
977
48
1,330
1,583
1,833

27, 812
7,305
5,883
4,897
660
16, 568
4,844
27,544

5,437
1,413
1,007
982
108
3,564
830
6,325

507
30
52
61
10
199

53

93
75
108
39
4
57
17
54

9,139
2,403
2, 529
1,371
237
5,044
918
7, 753

2, 202
599
346
338
44
1, 557
371
2,041

2,916
622
703
710
65
1,772
426
3,250

20, 201
5^067
4, 637
3,462
464
12,136
2, 545
19, 769

1,853
629

3

86
1
2
152

35,320
3,923
1, 513
14,086
8,726
1,916
13, 525
6.834
16,803
9,511
5,197

6,453
995
287
2, 558
1,485
362
% 845
1,372
3,481
2,172
1,063

13,349
1,205
428
5, 297
3,369
542
4,628
2,195
7,179
3,220
1,910

160
130
887
536
121
925
458
1,144
702
216

4,186
608
146
1,674
1, 215
320
1,684
975
1,831
1,074
671

26, 594
3, 07(5
989
10, 501
6, 663
1, 348
10,242
5,027
13, 855
7,191
3,877

1,001
27




1
42
10

3

14
1
18
51
2
18.
18
15
5
12
36
3

2
3
1

14

—

2
7

13

26

2

5
3

56
47

5

18
12
11

11
60
7
9
25
7
112
33

38
2

38

27
315

95

30
1
55
9

1,336
1,048
300
994.
583
950
588
291

400
115
48
85
53
3
160
27
220
23
17

CD

Abstract of reports of earnings and dividends of national banks for the year ended June SO, 1925— Continued

Ox
O

[In thousands of dollars]
Gross earnings

Number of
banks

Capital

Surplus

Capital
and sur, plus

327
2
3
2
5
106
10
4
11

20,045
1,000
2,700
700
2,050
7,492
7,200
1,100
26,331

10,203
700
1,200
300
705
3,381
3,022
950
9,532

30,248
1,700
3,900
1,000
2,755
10,873
10,222
2,050
35,863

Total Middle Western States-2,176

347,739

208,652

Location

Iowa .
»>
Cedar Rapids. _
Des Moines
Dubuque ._
Sioux City
Missouri
Kansas City _
St. Joseph
St. Louis

North Dakota
South Dakota
Nebraska
LincolnOmaha
Kansas
Kansas City
Topeka...
Wichita
Montana
Helena
Wyoming
Colorado. _
DenverPueblo
New Mexico
Oklahoma
Muskogee

160
111
159
5
8
247
2
5
4
83
2
32
126
9
2
31
375
3




6,440
5,105
8,455
1,725
6,150
13,588
800
1,400
2,400
5,335
450
2,725
6,865
5,400
600
2,135
16,830
950

2,922
2,356
4,643
837
3,050
7,030
320
425
1,265
2,236
325
1,701
4,002
4,374
1,150
912
4,555
305

InterExest changes
and and coldis- lection
count charges

Commissions and
Profits earnings
from
of for- insurance
eign ex- premiums
change and the
depart- negotiament
tion of
real estate loans

Expenses

Total
gross
earnings

1,111
92
104
22
69
151
521
62
1,177

15,718
1,176
1,978
512
1,523
4,606
6,590
1,313
13,946

3,331
195
411
87
383
1,096
1,509
305
2,730

469
3
12

961 21,713

260,229
6,143
4,879
5,944
1,267
4,995
9,341
560
591
1,686
3,807
357
2,532
6,021
7,223
784
1,705
13,578
905

1

155

6

1
3

9

1
1
117

14,291
1,064
1,862
486
1,420
4,419
5,882
1,230
12,399

154
20
12
4
33
25
67
21
258

60

556,391 231,318

4,023

1,517

697

195
99
62
7
87
95
1
7
51
88
5
32
59
65
5
33
479
37

1
1
17

108
94
35

9
4
3

9
1

32

8

2

40

1
9
2

2
3
11

5
3

32»
49
204

2
4

1
8

3
5
5

9,362
7,461
13,098
2,562
9,200
20,618
1,120
1,825
3,665
7,571
775
4,426
10,867
9,774
1,750
3,047
21,385
1,255

5,474
4,442
5,533
1,136
4,476
8,621
517
551
1,394
3,363
334
2,294
5,495
6,494
694
1,502
12,254
821

InterSala- est and Interdisries
count est on
and on bor- deposits Taxes
wages rowed
money

Trust
depart- Other
earnment
ings
profits

52

356
239
294
124
423
584
42
32
232
312
18
167
412
449
85
164
828
42

Other Total
exexpenses penses
paid

10
95
2
8
88

6,246
571
828
253
579
1,281
2,327
611
4,978

997
60
119
37
61
345
385
52
565

1,798
135
229
40
251
571
867
175
1,390

12,841
964
1,599
417
1,284
3,388
5,090
1,151
9,751

52,786

2,702

90,448

17,889

30,304

194,129

1,415
1,153
1,424
286
1,209
2,446
114
159
326
958
90
634
1,602
1,436
120
431
3,666
193

122
85
127
3
23
90
4

2,650
2,092
2,135
449
1,671
2,568
182
201
616
1,300
123
791
1,676
2,856
285
434
3,231
258

310
195
345
85
160
881
48
56
93
236
29
156
534
398
97
97
1,014
69

823
627
695
166
773
1,309
68
66
262
510
37
335
797
852
57
293
2,390
125

5,320
4,152
4,726
989
3,836
7,294
416
482
1,299
3,062
279
1,937
4,738
5,551
559
1,285
10,510
662

2
58
21
129
9
30
209
17

Oklahoma City.
Tulsa

8
6

4,600
4,950

1,105
1,310

1,378

96,903

100
8
4
93
6
249
12
2
5
57
14
3
4
10
18
585

8,665
6,000
2,900
6,420
7,000
24,985
16,950
1,500
19, 500
3,840
800
850
1,900
1,385
1,500
104,195

Alaska ( n o n m e m b e r
banks)
Hawaii ( n o n m e m b e r
banks). __

4

200

120

320

146

14

2

600

590

1,190

366

Total ( n o n m e m ber banks) „
_

6

800

710

1,510

512

Total W e s t e r n
States
Washington
Seattle
Spokane
Oregon...
Portland
California
Los Angeles
Oakland
San Francisco __
Idaho
_
Utah
Ogden
Salt Lake City.
Nevada. _
Arizona

5,705
6,260

31

3,078
3,450

101
19

1

44,823

141,726 71,923

1,527

54

326

3,578
2,945
642
3,253
2,553
10.882
7,210
1,227
16,700
1,642
330
250
910
645
622

12,243 6,599
8,945 5,487
3,542 1,846
9,673 4,385
9,553 4,198
35,867 16.635
24,160 12, 746
2,727 1,121
36,200 12,466
5,482 2,762
1,130
512
1,100
456
2,810 1,461
2,030
812
2,122 1,354

5
59
4
1
53
27
138

23

53,389

157,584 72,840

150
276
62
82
189
218
63
2
94
40
2
5
24
10
74
1,291

802
490

4,012
3,960

755
973

365

5

8
7

6
6

868

75

26

3

178
300

571
592

2,851
3, 228

959 26,198

5,281

11, 348

63,176

80
7
21
67
5
345
50
20
143
87
5
3
8

485
421
118
393
307
1,001
588
46
955
213
45
46
89
07
106

1,035
894
333
643
718
2,676
1,782
146
1,207
467
70
67
198
126
340

40

3

5

Total United States,
Alaska,
and
8,070 1,369,385 1,118,953 2,488,338 976,458 16,828 12,573
Hawaii.. „_.

1,158

6,095

80,290

19,390

46
648
43
700
3
165
2
310
14
577
50 1,827
25 . 750
83
• 27
114 1,124
187
1
47
1
42
115
85
170

7,471
6,565
2,080
4,781
5,031
18, 791
13,722
1,233
14,362
2,996
563
503
1,600
921
1,611

1,821
1,801
476
1,305
1,252
5,282
3,142
346
2,594
826
124
117
373
193
576

326

6,830

82, 230 20, 228

873 25,268

35

196

53

40

8

35

136

W

18

418

106

95

13

43

- g

53

614

159

135

21

78

393

W

5




1,334
1,346

1

1
34

564
1
1

Total Pacific States

13
17

1

32

2,103
1,729
724
1,159
1,483
4, 873
4,968
309
5,509
857
196
161
559
269
369

4,880 10, 702

5,524
4,852
W
1,672 fej
3,567 hj
3,765
O
14,177
&
10,530
n
867
o

10,408 fe
2,450
440
394
1 227
655
1,423

61,951

F3
tl
5
Q

O

^

o
5,951 111, 129 1,124,097 218,073

13, 707 373,991 65,798 127,145 798,714

H

c

B
a

Abstract of reports of earnings and dividends of national banks for the year ended June SO, 1925—Continued

to

[In thousands of dollars]
Ratios

Losses charged off
Total net
Recov- earnings
Net
eries on and reOn
earnings charged- coveries
On
On
trust
On
Total
during
loans bonds, depart- Other foreign losses
on
off
year
secuassets charged- and
charged
ment
o ses
exdisoff assets counts rities, operaoff
change
etc.
tions

Location

Maine..
New Hampshire-.
Vermont.
Massachusetts.
Boston...
Rhode Island
Connecticut..

1,828
1,224
918

...
_ ..

1,719
5,775

2,312

152
504

166
247

25

2,731

30,723

8,770

3,868

52

1,281

16,471
1,340

1,339
44

890

272
35

1,082
59, 810 10,829
12,727
761
29,572 1,626
9,740
489
7,893
372
359

1,514
2,353
2,135

Total Eastern States
Virginia
RichmondWest Virginia
North Carolina
South Carolina
Georgia,.
Atlanta




_
«.

._._

32
159
355
133

145,886

.

1
8

47
380

1,335

27,992

Total New England States
New York.
Albany. .
Brooklyn and Bronx
Buffalo
New York City
New Jersey
.
Pennsylvania
Philadelphia
Pittsburgh.. _
Delaware
Maryland..
Baltimore
. .
Washington, D . C

313
204
103

7,749
13,161
1,207
4,214

7,202
11,826
1,160
3,834

_

2,034
1,361

137
34
25
343
516
11
215

206
137
79
547

16,446

4,248
1,154
3,172
2,468
1,324
1,642

299
90
93
104
307
259

77

997

17,810
1,384
1,162
1,117
70,639
13,488
31,198
10,229
8,285

1,835
351
620
469

13,839
1,346
2,216
1,185

316
176
83
568

18

1,319
88

11

6,795
904
1,645

400
2

101
84

1,038
16

16, 451

12, 787

264
395

31, 798
5,437
12, 337
5,092
3,165

Per cent Per cent Percent Percent
9.58
5.40
9.68
17.19
17.90
11.20
5.94
9.50
10.18
9.83
15.47
6.46
10.17
18.90
5.41
8.98
12.09
9.94
6.64
5.46
5.S7
7.53
13.89
9.91
16.01
9.66
5.27
8.73
10.82

5.92

7.61

13.92

11.93
14.09
12.00
13. 39
17. 63
13.27
14.43
17.50
11.09
37.18
12.94
13.06
11.02

6.46
6.29
6.00
8.06
7.63
6.87
6.00
5.51
5.43
17.03
5.86
6.89
6.77

13.95
12.39
8.41
11.27
11.44
13.21
12.49
9.21
11.94
9.72
11.72
8.96
9.71

25.75
27.73
16.82
18.71
2a 42
25.53
30.01
29.25
24.39
21.21
25.87
16.98
15.80

2

23
333
653
779

1,340
2,055
1,489

1,580
1,039

943

42,476

119,856

69,158

15. 24

6.79

11.76

26.41

19

1,568

2,979
1,039
2,533
1,922
1348
568

2, 650

11.05
11.32
14.36
11.33
7.39
9.71
8.64

6,35
5.69
7.65
6.96
4.98
5.83
4. SO

7.13
8.29
10.06
8.40
i 2.09
S. 51
.46.

12.42
16.49
18.88
13. 67
i 3.10
5.85
.81

158
25
181
113
130
170
5S

1

6,264
472

370
552

Net addition
to
profits
to
capital

47,646
10,460
25, 655
8,513
6,962

3

14

13,517
929

Net adDivi- dition
to
Divi- dends
profits
to
dends
to
capital
to
capital
capital and
surplus and
surplus

22, 993
3,028
5,543
1,716
1,303

5,374

7§2

4,293
455
792
565

90

71
12

2

1,792
1,103

626

14, 272

426

84
488
516

2,927
5,494

301

162,332 23, 281 12,452
138
96
65
21
56
60

878

1,932

' 12

1,250

4,863
4,519

706
587
515

3,203

90
94
6
70
83
263

4,547
1,244
3,265
2,572
1,631
1,001
U2

2,886
8,642

938
783

1,011

423
602
12
101
247
131

1,673
2,708
2,268

1,267

Dividends

20

1,195
776
1,660

561
5
150
323
381

767
423
214
329

1
3
238
39

11

391

Net
addition
to profits
during
year

764
11
18
46

205
732
650

1,979
1,333
S3*

368

4§

645
670

713

1,926
1,594
830
943
514

Florida
_
Jacksonville
Alabama. _
Birmingham
Mississippi
Louisiana, _,„„
New Orleans
_.
Texas
_
Dallas
El Paso..
-.
Fort Worth
Galveston
Houston
San Antonio
._.._.
Waco
Arkansas
Little Rock
....
Kentucky
„___
Louisville
Tennessee.._
Memphis...
Nashville
Total Southern States
Ohio__
Cincinnati
Cleveland
Columbus
Toledo..
Indiana
T
Indianapolis
Illinois
Chicago, central reserve.
Chicago, other reserve..
Peoria
_.
Michigan
Detroit
Grand Rapids
Wisconsin
Milwaukee
Minnesota
Minneapolis.
St. Paul
Iowa-...
Cedar Rapids. _
_.
Des Moines__
Dubuque
Sioux City

2,585
1,140
2,354
683
1,281
963
805
8,377
2,081
241
719
334
1,524
814
353
1 352
78
2,535
1,543
2,088
254
874

375
70
172
96
125
135
10
1,522
74
167
80
12
184
78
30
151
2
177
100
130
95
54

47, 791

5,068

52,859 16, 625

7,611
2,238
1,246
1,435
196
4,432
2,299
7,775
8,726
847
524
3,585
2,063
568
3,283
1,807
2,948
2,320
1,320
2,877
212
379
95
239

558
569
57
61
85
330
268
569
2,007
32
48
242
62
165
370
145
415
191
271
662
37
162
10
29

8,169
2,807
1,303
1,496
281
4,762
2,567
8,344
10, 733
879
572
3,827
2,125
733
3,653
1,952
3,363

2,960
1,210
2,526
779
1,406
1 098
815
9,899
2,155
408
799
346
1,708
892
383
1,503
80
2,712
1,643
2,218
349
928

2,511

1,591
3,539
249
Ml
105

258
127
991
204
382
316
92
4,646
188
127
264
23
357
334
140
718
12
493
44
561
180
175

1,512
333
226
435
26
1,036
405
2,207
4,594
58
35
886
230
113
1,138
911
2,180
918
510
3,513
86
293
4
526

83
21

4"
49

118
23
24
17
16
19
63
8
16
1
88
16
59

1

2
1

1
1,144
582
33
315
198
74
386
156
507
623
49
14
214
163
67
250
391
167
64
101
206
10
18
1

61

2
11
2
4
40
1
1
2

99
47
106
5
145
68
207
887
60
108
154
20
206
157
40
103
2
121
30
130
20
40

31

3,590
750
94
21
17
167
285
54
648
114
56
38
290
13
75
251
26
200
20
230
340
10
16
27
51

471
199
1.150
'2J0
647
386
349
5,652
271
259
435
59
583
554
188
837
15
735
90
751
200
216

2,489
1,011
1,376
569
759
712
466
4. 247
1^884
149
364
287
1,125
338
195
666
65
1,977
1, 553
1,467
149
712

878
325
1,027
280
541
689
476
4.323
2^418
136
806
208
923
364
243
695
60
1, 554
918
1,477
136
580

11.18
12.26
9.07
16.00
10.24
11.07
17.00
9.21
20.32
9.07
18. 53
11.56
11.47
7.66
12. 46
9. 65
8.57
11.02
20.40
11. 94
12.36
14.87

7.18
8.13
5.67
8.48
6.44
7.60
9.92
6.00
16.07
7.27
J1. 77
8.63
7.69
5.63
9.86
6.76
6.19
6.61
10.26
7.98
6.33
8.47

138

21,558

31,301

28, 227

11.40

11
1
12

2,855
461
574
650
267
1,719
615
3,383
5,335
165
87
1,395
406
255
1,691
1,331
2,551
1,014
847
4,062
108
309
49
578

5,314
2.346
'729
846
14
3,04S
1,952
4,961
5,398
714
485
2,432
1,719
478
1,962
621
812
1.497
'744
1523
141
232
56
1310

4,479
1,644
476
581
60
25410
580
4,290
5,403
384
309
1,803
1,070
4S2
1,821
880
1.462
1,328
584
1,274
80
280
72
ISO

11.52
12.55
9.92
11.62
12.00
9.53
8.72
11.60
10.65
9.09
14.71
12.00
11.89
22.95
10.34
9.36
7.18
11.40
10.25
6.36
8.00
10.37
10.29
6.34

6
—
50
1

31

10
10
4
1
12
3
3
12
6
2

20.36
25.28
7.59
17.24
9.04
7.85
9.71
5.90

12. 52
7.97
5.3J
11. 91
9.38
5.23
7.91
6. 47
6. 70
8.40
17.35
7. 93
6.93
10.39

31.69
38.15
12.16
32. 51
14.36
11.44
16. 64
9.05
3 5. 83
19. 93
8.37
15. 94
13.98
7.12
7.0. 0C
9.24
9.29
14. 03
34.51
11. 86
13. 55
18.26

7.13

7.80

12.64

6.75
8.20
6.07
5.46
4.00
6.18
6.19
7.00
6.37
6.63
5.78
7.35
6.29
14. IS

8.01
11.70
9.30
7.94
.93
7.80
20.82
8.09
6.37
12.14
9.07
9.92
10.11
14.00
7.45
4.02
2.68
7.74
7.91
1
1.73
8.29
5.95
5.60
1
11.25

13.67
17.91
15.19
16.92
2.80
12.03
29.35
13.42
10. 64
16. 90
23.10

6.91
5.70
4.83
6.86
6.21
4.21
4.71
7.18
7.20
4.72

16.19
19.10
22.76
11.14
6.61
3.99
12.85
13.05
12.61
14.10
8.59
8.00
1
15.12

i Deficit.




QP

Abstract of reports of earnings and dividends of national banks for the year ended June 80% 1925—Continued
[In thousands of dollars]
Losses charged off

Location

Missouri—
Kansas City..
St. Joseph
St. Louis
Total Middle Western States..
North Dakota
South Dakota
Nebraska
Lincoln
Omaha
Kansas
Kansas City
Topeka
—
Wichita
Montana
Helena
Wyoming. _
Colorado
Denver
Pueblo
New Mexico.—
Oklahoma
Muskogee
Oklahoma City..
Tulsa
Total Western States..
Washington..
Seattle. _.
Spokane..




RecovNet
eries on
earnings cnargedduring
off
year
assets

1,218
1,600
162
4,195

Ratios

Total net
earnings
and reOn
On
On
Net
coveries loans bonds, trust
On
Total
addition
on
depart- Other foreign
and
secu- ment
to profits
charged- disexcharged
during
off assets counts rities, operachange
off
etc.
year
tions

56
401

1,357
1,729
218
4,596

724
1,063

66,100

8,170

727
1,218
278
1,159
2,047
144
109
387
745
78
595
1,283
1,672
225
420
3,068
243
1,161
732

253
205
349
28
263
433
7
21
21
309
65
205
482
141
35
97
783
46
177
394

17,114
1,947
1,713
408

922

188
1
61

56
116
11
75

74,270

24,958

4,867

4,051

1,076
932
1,567
306
1,422
2,480
151
130
408
1,054
143
800
1,765
1,813
260
517
3,851
289
1,338
1,126

1,094
916
1,190
64
848
1,531
103
51
75
904
116
947
1,312
419
13
456
2,950
162
515
895

4,314

21,428

266
242
67

2,213
1,955
475

139

4
114
7
17
58
157

Dividends

Net adDivi- dition
Divi- dends
to
dends
to
profits
to
capital
to
capital and
capital
surplus and
surplus

Net addition
to
profits
to
capital

Per cent Per cent Per cent Per cent
8.22
5.67
5.04
7.31
6.92
4.87
3.52
5.00
7.09
3.80
6.44
12.00
11.10
8.15
9.87
13.44
2,922

1,369
86
1,058

97
"3O6"

34,029

40,241

35, 996

10.35

6.47

7.23

11.57

1,282
1,041
1,370

87

94
65
148
48
92
309
3
21
4

548
360
, 132
3,538

1206
1 109
197
193
454
605
33
52
325
133
20
1262
285
869
225
1 98
465
114
633
49

216
225
606
169
477
1,108
76
88
192
288

3.35

2.31
3.02
4.63
6.60
5.18
5.37
6.79
4.82
5.24
3.80
6.45
2.62
6.53
8.00
9.14
1.87
5.64
8.76
11.17

12.20
1 1.46
1.50
7.53
4.93
2.93
2.95
2.85
8.87
1.44
2.58
15.92
2.62
8.89
12.86
13.22
2.17
9.08
11.10
.78

1 3.20
1 2.14
2.33
11.19
7.38
4.45

113
968
1,875
118
78
83
1,087
123
1,062
1,480
944
35
615

616
498
78

50
116
710
782
160
57
1,207
110
637
60

4.41
7.17
9.80
7.76
8.15
9.50
6.29
8.00
5.40
11.11
4.26
10.34
14.48
26.67
2.67
7.17
11.58
13.85
1.21

4.13

3.71
13.54
1 .62
4.44
19.61
4.15
16.09
37.50
14.59
2.76
12.00
13.76
.99

58
117
5
142
47

13
94
318
8
48
135

175
705
1,077

14,561

1,001

1,731

17,617

3,811

7,334

7.57

5.17

2.69

3.93

919
308
122

146
101
6

170
189
64

1,236
601
191

977
1,354
284

1,191
858
180

13.75
14.30
6.21

9.73
9.59
5.08

7.98
15.14
8.02

11.28
22.57
9.79

9

:r 3

Oregon
Portland
California
Los Angeles
^
Oakland
-<i
San Francisco
* f Idaho
<

.

ft Utah
o

Ogden

Salt Lake City
^ Nevada

.

Oi Arizona

Total Pacific States . . .
Alaska fnonmember banks)
Hawaii (nonmember banks)
Total nonmember banks _.
Total United States, Alaska and
Hawaii
-...
i Deficit.




1,214
1,266
4,614
3,192
366
3,954
546
123
109
373
266
188

306
512
584
386
17
312
140
9
3
11
31
65

1,520
1,778
5,198
3,578
383
4,266
686
132
112
384
297
253

709
637
1,870
712
96
620
779
70
16
121
92
257

50
385
165
63
14
908
56
7
2
13
40
3

20,279

2,951

23,230

7,328

1,958

60
161

6

66
161

11
18

11

221

6

227

29

11

325,383

39,686

365,069

95, 552

25,301

170
122
510
194
36
74
94
13
2
41
33
127

2

1,839

5

622

589
634
2,652
2,609
237
2,664
1
243
42
92
209
132
i 134

1,499
616
2,629
1,819
95
1,960
158
49
50
115
121

11,132

10

2

931
1,144
2,546
969
146
1,602
929
90
20
175
165
387

6
4

1

17,876

15.50
6.45
7.33
7.53
3.48
5.41
2.88
4.34
4.55
4.09
5.96
3. 63

6.09
6.64
7.39
10.80
8 69
7.36
14.43
3.72
8.36
7.44
6.50
1
6.31

9.17
9.06
10.61
15.39
15.80
13.66
1
6.33
5.25
10.82
11.00
9.53
18.93

12, 098

11,417

10.96

7.25

7.68

11.61

17
33

49
128

51
63

2f>. 50
10.50

15.94
5.29

15.31
10. 76

24.50
21.33

50
1,783

77

23.35
8.80
10.52
10.73
6.33
10.05
4.11
6.13
5.88
6.05
8.74
5.13

177

114

14.25

7.55

11.72

22.13

141,134

223,935

165,033

12.05

6.63

9.00

16.35

s

n

fed
G

§

O

w
w
fed
o

Cnt
C7T

Earnings, expenses, and dividends of national banks by Federal reserve districts, year ended June 80, 1925

Of

C

[In thousands of dollars]
District District District District District District District District District District District District NonNo. 10 No. 11 No. 12 member
No. 1
No. 2
No. 4
No. 9
No. 3
No. 5
No. 6
No. 7
No. 8
(.580 banks (6
(1,014
(382
(720
(748
(761
(711
(671
(549
(380
(1,056
(492
banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks)
Capita!
Surplus
Capital and surplus

114,676
94,444
209,120

Gross earnings:
Interest and discount
._
Domestic exchange and collection charges.
Profits of foreign exchange department...
Commissions and earnings from insurance
premiums and the negotiation of real
estate loans
Trust department profits
_
Other earnings
„

94,026
71,593
165,619

95, 079
579
422

59,924
998
80

63,344 181,712
39, 521 113,127
102,865 294,839

70,383
34,618
105,001

62,259
33,212
95,471

86, 783
40,967
127,750

87,942
40,574
128,516

103,820
52,989
156,809

42,779
776
65

47,374
1,546
165

64,653
1,164
54

47,724
2,155
23

72,293
1,234
861

800
710

1,510

1,369,385
1,118,953
2,488,338
976,458
16,828
12, 573

Total
Losses charged oS:
On loans and discounts
On bonds, securities, etc
On trust department operations. —
Other losses
On foreign exchange..
—




73, 790 221,219
494
3,759
936
8,030

86,934
490
654

11
2,770
33,757

75

5

263

136

326

13,190

9,061

12,501

4,627

3,897

11,846

2,943

3,173

5,623

3,691

6,767

1
53

1,158
5,951
111, 129

269, 596

97,425

109,002

65,897

48,757

136, 776

46,783

52,998

72,047

53,663

81,556

614

1,124,097

15,251
943
31,851
4,085
9,709

45,618
2,426
92,138
12, 567
27,490

16,186
1, 076
32,640
4, 536
9,333

18,934
1,244
38,627
6,746
11,110

12, 872
2,129
20,851
4,625
7,392

10,065
866
14,247
3,601
5,914

27,537
1,381
46,888
9, 516
16,636

9,769
682
14,830
3,043
5,084

11,639
569
20,768
3,318
6, 351

17, 326
647
22,743
4,915
10,174

12, 725
883
13,184
3,983
7,287

19,992
861
25,089
4,842
10,587

159

21
78

218, 073
13, 707
373,991
65,798
127,145

61,839

180,239

63,771

76,661

47,869

34,693

101,958

33,408

42,645

55,805

38,062

61,371

393

798,714

27,144
2,657

89,357
13,187

33,654
2,043

14,064
1,413

34,818
4,709

13,375
1,238

10,353
1,859

16, 242
3,682

15,601
2,362

20,185
2,918

221
6

325,383
39,686

102, 544

35,697

32,341
2,082
34,423

18,028
1,530

29,801

_

Net earnings during year
Recoveries on charged-off assets

Total

127,710
118,635
246,345

total

(8,070
banks)

88,983

Total
Expenses paid:
Salaries and wages
Interest and discount on borrowed money.
Interest on deposits
_.
Taxes
Other expenses
Total

275,996 99,934
317,881 160,682
593,877 260,616

Grand

19, 558

15, 477

39,527

14,613

12, 212

19,924

17,963

23,103

227

365,069

8,574
3,780-

18,388
9,229

2,712
1,680

4,387
2,433

4,937

4,620

7,188

12, 346

6,831

322
54

3,775

706
2
784
23

883
17

329
2

95, 552
25,301

1,594

1,812

307

10

2

7,295
1,958
2
1,743
5

29
11

2

835
6

14,470
2,774

9

17,876
1,783

8,703

15,147

8,976

11,003

50

141,134

2
571

2
284

4
417

5

43,089
1,561
59
15

121,088
2,032
1,171
262
377

29
191

52

413

1.248

2,949

1,306

1,847

1,014

1,014

1,913

300

855

20

110

33

87

39

361
5
642
2

13,954

31,834

5,727

8,779

6,825

6,097

19,254

4,785

58

659
81

86
467

3
67

512

40
3

135

622

Net addition to profits from operations during
year
_
_
— 15,847
Total dividends declared since June 30,1924.. 12,472
Ratios:
Dividends to capital
per cent..
Dividends to capital and surplus do
Net addition to profits, to capital, and
surplus
—.-.-percent...




70,710
43,280

29,970
15,629

25,644
IS, 705

12,733
10,816

9,380
7,110

20,273
18,731

9,828
7,835

3,509
4,915

4,777
7,212

8,987
9,815

12,100
11,399

177
114

223,935
165,033

10.88
5.96

15.68
7.29

15.64
6.00

12.30
6.38

11. 50
6.53

11.22
6.91

10.31
6.35

11.13
7.46

7.89
5.15

8.31
5.65

11.16
7.64

10.98
7.27

14.25
7.55

12.05
6.63

7.58

11.90

11.50

10.41

7.69

9.12

6.8S

9.36

3.68

3.74

6.99

7.72

11.72

9.00 fei

1
o
§
fed

a
o

H

58

EEPORT OF THE COMPTROLLER OF THE CURRENCY

National-bank investments in United States Government securities and other bonds
and securities, etc., loans and discounts (including rediscounts), and losses charged
off on account of bonds and securities, etc., and loans and discountst years ended
June 80, 1918 to 1925, inclusive
[In thousands of dollars]

Year ended
June 30—

1918
1919
1920
1921
1922
1923
1924
1925

United
States
Government
securities

Losses
Total
Loans and charged
Other
discounts
off on
bonds and bonds and (including
loans
securities securities, rediscounts) and disetc.
counts

1,840,487
1,875,609
1,916,890
2,005,584
2,277,866
2,375,857
2,660,550
3,193,677

2,129,283
3,176,314
2,269, 575
2,019,497
2,285,459
2,693,846
2,481,778
2,536,767

3,969,770
5,051,923
4,186,465
4,025,081
4,563,325
5,069,703
5,142,328
5,730,444

10,135,842
11,010,206
13,611,416
12,004,515
11,248,214
11,817,671
11,978,728
12,674,067

33,964
35,440
31,284
76,210
135,208
120,438
102,814
95, 552

Losses
charged
off on
bonds
and securities,
etc.

Percent- Percentage of
age of
losses
losses
charged charged
off on
off on
account
bonds
loans
and seand dis- curities
counts
to total to total
bonds
loans
and seand dis- curities
counts

44,350
27,819
61,790
76,179
33,444
21,890
24,642
25, 301

0.34
.32
.23
.63
1.20
1.02
.86
.75

1.12
.55
1.48
1.89
.73
.43
.48
.44

Number of national banks, capital, surplus, dividends, net addition to profits, and
ratios, years ended June SO, 1914 to 1925
Percentages

Year ended
June 30—

1914
1915
1916
1917
1918
1919
1920
1921
1922
1923...
1924
1925

Number of
banks

Capital

7,453 $]1,063,978,175
7,560 ] , 068,577,080
7,571 ] , 066,208,875
7,589 1,081,670,000
7,691 1,098,264,000
7,762 L, 115, 507,000
8,019 1,221, 453,000
8,147 t, 273,237,000
8,246 1,307,199,000
8,238 1,328,791,000
8,085 1,334,011,000
8,070 I, 369,385,000

Surplus

Dividends

Net addition to
profits

$714,117,131
726,620, 202
731,820,365
765,918,000
816,801,000
869, 457,000
984,977,000
1,026,270,000
1,049,228,000
1,070,600,000
1,080,578,000
1,118,953,000

$120, 947,096
113, 707,065
114, 724, 594
125,538,000
129, 778,000
135, 588,000
147, 793,000
158,158,000
165,884,000
179,176,000
163,683,000
165,033,000

$149,270,171
127,094, 709
157,543,547
194,321,000
212,332,000
240,366,000
282,083,000
216,106,000
183, 670,000
203,488,000
195,706,000
223,935,000

Dividends
to capital

11.37
10.63
10.76
11. 61
11.82
12.15
12.10
12.42
12.69
13.48
12.27
12.05

Net
Divi- addidends tion to
to cap- profits
ital and to capsurplus ital and
surplus
6.80
6.33
6.38
6. 79
6.78
6.83
6.70
6.88
7.04
7.47
6.78
6.63

8.39
7.08
8.76
10.52
11.09
12.11
12.78
9. 40
7.79
8.48
8.11
9.00

NATIONAL BANKS CLASSIFIED ACCORDING TO CAPITAL
STOCK
The total loans and discounts of the 8,072 national banks reporting
on June 3.0, 1925, were $12,674,067,000; total resources, $24,350,863,000; aggregate paid-in capital stock, $1,369,435,000, and total
deposits, $19,909,669,000.
Two thousand four hundred and thirty-four of these banks, 'with
loans and discounts of $493,470,000, total resources of $931,438,000,
paid-in capital of $65,012,000, and deposits of $754,347,000, were
capitalized with individual paid-in capital stock of less than $50,000.
The number of banks having capital stock of $50,000 but less than
$200,000 was 4,277. Total loans and discounts amounted to



•59

REPORT OF THE COMPTROLLER OF THE CURRENCY

$2,645,598,000; total resources, $5,140,015,000; aggregate capital,
$344,779,000, and deposits, $4,101,234,000.
Banks capitalized at $200,000 but less than $500,000 numbered
884, and had loans and discounts of $1,900,261,000, resources of
$3,619,092,000, paid-in capital of $220,719,000, and deposits of
$2,944,632,000.
There were 244 banks with individual capital of $500,000 but less
than $1,000,000. The total loans and discounts of this class of
banks was $1,199,791,000; resources, $2,159,923,000; aggregate capital, $135,875,000, and deposits, $1,755,905,000.
The number of banks with individual capital of $1,000,000 but
less Ithan $5,000,000 was 206; loans and discounts amounted to
$3,188,438,000; total resources, $5,791,150,000; aggregate capital,
$307,550,000, and deposits, $4,828,669,000.
There were 27 banks with individual capital of $5,000,000 or more.
The total loans and discounts of these banks was $3,246,509,000;
aggregate resources, $6,709,245,000; capital, $305,500,000; and their
deposits amounted to $5,524,882,000.
A tabulation of the information referred to is shown in the following
statement, arid tables showing the number of banks in reserve cities
and States, classified according to capital stock, with the amount of
aggregate loans and discounts^ aggregate resources, aggregate paid-in
capital, and aggregate deposits, are published in the appendix of
this report.
National banks classified according to capital stock June 80, 1925
[In thousands of dollars]
Number of
banks
Capital of less than $50,000— Capital of $50,000 but less than $200,000
Capital of $200,000 b u t less than $500,000
Capital of $500,000 but less than $1,000,000
Capital of $1,000,000 but less than $5,000,000
Capital of $5,000,000 or more Total United States

Loans and
discounts

2,434
4,277
884
244
206
27

493,470
2, 645, 598
1,900, 261
1,199, 791
3,188, 438
3, 246, 509

8,072

_

Aggregate
resources

Total
deposits

Capital

931,438
5,140, 015
3,619,092
2,159,923
5, 791,150
6, 709, 245

65,012
334, 779
520, 719
135, 875
307,550
305,500

754,347
4,101,234
2,944, 632
1, 755,905
4, 828,669
5,524,882

12, 674, 067 24,350, 863

1, 369,435

19,909,669

NATIONAL BANK EXAMINERS

The following is a list of the examiners in the service on October
31, 1925:
CHIEF NATIONAL BANK EXAMINER

Pole, J. W., Office Comptroller of Currency, Washington, D. C.
ASSISTANT CHIEF NATIONAL BANK EXAMINERS

Office of Comptroller of Currency, Washington, D. C.
Districts
assigned

Districts
assigned

McBryde, W. W
Proctor, John L

,




„-- 5 and 6.
8 and 10.

Gough, E. H__
Luce, Frank H

11 and 12.
7 and 9.

60

BEFORE OF THE COMPTROLLER OF THE CURRENCY
DISTRICT CHIEF NATIONAL BANK EXAMINERS

Federal
reserve
district
No.

Address

Bean, Norwin S_
Reeves, Owen T., jr:
Newnham, Stephen L
Thomas, Thomas C
Folger, William P.
Robb, Ellis D
Sims, Howard M
Wood, John S_
Patterson, B. K
10

Roberts, L. K

1:1
12

ColUer,, Richard H
Harris, Thomas E

Federal Reserve Bank Building, Boston,
Mass.
72Q United States Customhouse, New York,
N. Y.
1413 Jefferson Building, Philadelphia, Pa.
715 Federal Reserve Bank Building, Cleveland, Ohio,
710-715 Bond' Building, Washington, D. C,
504 Post-Qmce Building, Atlanta, Ga.
1203 Federal Reserve Bank Building, Chicago, 111.
1310 Federal Commerce Trust Building, St.
Louis, Mo.
1334 First National Soo Line Building,
Minneapolis, Minn.
800 Federal Reserve Bank Building, Kansas
City, Mo.
312 Magnolia Building, Dallas, Tex.
1103 Alexander Building, San Francisco,
Calif.

NATIONAL BANK EXAMINERS

3
10
7
2

Allanson, Edward A.
Allen, Edgar F__
Allsup, A. S.
Alvey, John C
Amrhein, Joseph A

10
5
3
12
3
6
9

Anderson, E. F. (Rec)
Armstrong, George E
Ashwood,. Cecil
Baker, William B
Baldridge, William H
Barrett, John W
Basham, A. A
Bina, J. C

7
2
3
10
10
9
4
10

Bly, J. Garver
Boldin, B. E
Boysen, Alfred
Brennan, F. P. (JG).
Brown, S. H
Bryan, Charles A
Byers, R. W___
Campbell, George EL
Carolan, William B__
Carson, Thomas D__
Carter, Aubrey R. (U)

10

Chapman, Edward L

11

Chapman, F. A. (Rec)




1414; Jefferson Building, Philadelphia, Pa.
Post-office box 154&, Muskogee, Okla.
1428 North Main Street, Decatur, 111.
j 720 United States Customhouse, New York,
I N. Y.
| 510 Virginia Railway and Power Building,
Richmond, Va.
First National Bank, Abbeville, Ala.
1226 Downing Street, Denver, Colo.
710-715 Bond Building, Washington, D. C.
1414 Jefferson Building, Philadelphia^ P&.
403 Empire State Building, Spokane, Wash.
1414 Jefferson Building, Philadelphia, Pa.
Post-office box 940, Knoxville, Tenn.
201. Security National Bank Building, Sioux
Falls, S. Dak.
326 South Fifteenth Street, Richmond, Ind.
Post-Office Building, Troy, N. Y.
Post-Office Building, Wilkes-Barre, Pa.
Post-office box 574, Hutchinson, Kans.
Post-office box 462, Coffeyville, Kans.
17 Magill Block, Fargo, N. Dak.
Post-office box 1058, Pittsburgh, Pa.
800 Federal Reserve Bank Building, Kansas
City, Mo.
Federal Reserve Bank Building, Boston,
Mass.
510 Virginia Railway and Power Building,
Richmond, Va.
Room 214, Treasury Department, Washington, D. C.
800 Federal Reserve Bank Building, Kansas
City, Mo.
Care of State National Bank, Albuquerque,
N. Mex.

BEPOBT OF THE COMPTROLLER OF THE CTJRREHOT

61

National Bank Examiners—Continued
Federal
reserve
district
No.

12

Address

Chorpening, I. I
Clarke, A. A__

_

11
8
4

Cloe, William B
Coffin, George M (Rec).
Coffin, Gilbert S
Colley, L. H
...
Collins, L. C_
Conner, Joseph H
Cooney, Dan H

1
6
11

Cooper, T. A
Cottingham, T. J__
Cowan, David (Rec)

12

Crawley, William C

5
1
12
4

4
2

5
10
3
1
10
11
9
11
6
12

Crossen, Gail W
Culver, William A
Cutts, Arthur D
Dalton, John W—
Davenport, H. B
Davis, Thomas H
Denton, Frank R_

_

Derr, Ralph H
Dooley, Thomas E
Donahue, W. H
Drexel, Charles F
Dwyer, Thomas R
Dye, Samuel W__
Elkins, Lewis R
Embry, Jacob
Evans, Clyde J
Evans, W. C

11 Farmer, T. P
.._-...
4 Faris, A. B
9 Fiman, C. F - . — ~
9 Fraser, Jesse A
1 Freeman, O. M
7 Fuller, Harry R. (JG) —.
Funsten, James B
Funsten, William P
Furbee, Ernest M
Garrett, Robert D
11
12
9

Gilbert, H. B__
Glazier, Charles A. (Rec)
Goodhart, R. W. (Bee)...




1103 Alexander Building, San Francisco,
Calif.
715 Federal Reserve Bank Building, Cleveland, Ohio.
Post-office box 1185, Huntington, W. Va.
71 College Street, New Haven, Conn.
2817 Eye Street, Sacramento, Calif.
715 Federal Reserve Bank Building, Cleveland, Ohio.
312 Magnolia Building, Dallas, Tex.
214 Federal Building, Evansville, Ind.
7JU> Federal Reserve Bank Building, Cleveland, Ohio.
40 Chapel Street, Augusta, Me.
823 Age-Herald Building, Birmingham., Ala.
Care of Citizens National Bank, Silver City,
N. Mex.
436 EL W. Heilman Building, Los Angeles,
Calif.
Post-office box 463, Columbus, Ohio.
Davison Place, Baldwin, Long Island, N. Y.
Office of Comptroller of the Currency,
Washington, D. C.
Post-office box 958, Charlotte, N. C.
Post-office box 61, Lancaster, Pa.
Columbia S. C, 213 Palmetto Building.
8€K) Federal Reserve Bank Building, Kansas
City, Mo.
1414 Jefferson Building, Philadelphia, Pa.
Federal Reserve Bank Building, Boston*
Mass.
Post-office box 186, Clinton, Okla.
332 Post-Office Building, Amarillo, Tex.
1334 First National Soo Line Building,
Minneapolis, Minn.
422 West Jackson Street, Carbondale, 111.
732 New Street, Springfield, Mo.
312 Magnolia Building, Dallas, Tex.
Post-office box 828, Atlanta, Ga,
436 H. W. Heilman Building, Los Angeles,
Calif.
312 Magnolia Building, Dallas, Tex.
Post-ofHce box 506, Richmond, Ky.
1334 First National Soo Line Building,
Minneapolis, Minn.
Do.
26 Laurel Avenue, Providence, R. I.
1203 Federal Reserve Bank Building, Chicago, 111.
720 United States Customhouse, New York*
N. Y.
Post-office box 425, Evans-ton, 111.
Post-office box 1058, Pittsburgh, Pa.
Care of Division of Insolvent National
Banks, Office of Comptroller of the Currency, Washington, D. C.
318 Post-office box, Wichita Falls, Tex.
First National Bank, Rexburg, Idaho,
Care of Merchants National Bank, Crookston, Minn.

62

KEPOBT OF THE COMPTROLLER OF^ THE CUEEEKCT
National Bank Examiners—Continued

Federal
reserve
district
No.

Address

509 National Bank Building, Wheeling. W.
Va.
First National Bank, Joseph, Oreg.
Gray, W. M. (Rec)
Federal Reserve Bank Building, Boston,
Green, A. W. (JG)
Mass.
Do.
Greene, Thomas M
201 Federal Building, Peoria, 111.
Greenfield, James B
800 Federal Reserve Bank Building, Kansas
Griffey, O. A
City, Mo.
720 United States Customhouse, New York,
Griffin, Roy H___
N. Y.
213 IJederal Building, Des Moines, Iowa.
Hadlock, Gerald B__
Post-office box 151, Lima, Ohio.
Haneke, Edward C
1414 Jefferson Building, Philadelphia, Pa.
H artman, Charles H
Harwood, Edward G. (JG) Federal Reserve Bank Building, Boston,
Mass.
312 Magnolia Building, Dallas, Tex.
Hedrick, Gilbar C
Care of City Insurance Agency, Bismarck,
Hess, Grant H
N. Dak.
720 United States Customhouse, New York,
Hill, Roger W
N....Y.
800 Federal Reserve Bank Building, Kansas
Hodgson, R. M
City, Mo.
238 Central Building, Seattle, Wash.
Hooper, Marshall
•1334 First National Soo Line Building,
Minneapolis, Minn.
Hoover, Paul E. (JG)
Post-office box 606, Norman, Okla.
Homer, H. N
326 Ten Eyck Street, Watertown, N. Y.
Hotchkin, Paul L
Care of. First National Bank, Bisbee, N. Dak.
Hughes, John P. (Rec)
Federal Reserve Bank Building, Boston,
Hurley, Michael J
. Mass.
Sherman, Tex.
Hutt, William E
Johnson, A.W. (Rec.) (J.G) First National Bank, Lidgerwood, N. Dak.
331 Federal Building, Milwaukee, Wis.
Johnson, C. E. H
Johnson, Robin M. (Rec)_ First National Bank, Hearne, Tex.
Joseph, Edward M
Keegan Apartments, l l j ^ West Madison
Street Danville, 111.
Kane, Thomas F
715 Federal Reserve Bank Building, Cleveland, Ohio.
1310 Federal Commerce Trust Building, St.
Kane, W. W. (JG)
Louis, Mo.
First National Bank, Torrington, Wyo.
Kelly, Burdette (Rec)
875 South Williams Steet, Denver, Colo.
Kennedy, L. G
440 Catawissa Avenue, Sunbury, Pa.
Ketner, John H
Post-office box 361, Ottumwa, Iowa.
King, Frank L
407 West One hundred and forty-sixth
Klein, Benton__
Street, New York, N. Y.
504 Post Office Building, Atlanta, Ga.
Krippel, F. W
800 Federal Reserve Bank Building, Kansas
Lahman, H. S. (Rec)
City, Mo.
Post-office box 321, Austin, Tex.
Lamb, Ernest
120 United States Customhouse, New OrLammond, W, H
leans, La.
1117 East Broad Street, Columbus, Ohio.
Lanum, H. L
1203 Federal Reserve Bank Building, ChiLeyburn, A. P
cago, 111.
Post-office box 296, Salina, Kans.
Libby, Harry C
Post-office box 442, Albanjr, Ga.
Lifsey, W. P
Loewer, Charles H. (JG) _ _ 1414 Jefferson Building, Philadelphia, Pa.
Graham, H. A

12
1
1
7
10
7
4
3
1
11
9
2
10
12
10
2
9
1
11
9
7

9
10
3
7
2
10
11
6
4
7

10
6
3




REPORT OF THE COMPTROLLER OF THE CURRENCY

63

National Bank Examiners—Continued
Federal
reserve
district
No.

12
2
1
9
10
11
3
7

Address

Logan, J. M
Lorang, Peter J
Luiken, John B
Lytle, Frank S
McCandless, George T__.
McCans, A. B
McConaughy, R. C

_.

McCreight, Harry A
3

McGarvey, Frank S_

4

McGinnis, Francis J.(JG)
McGrath, John C
McKee, Joel S___
McLean, Charles H
Macdonald, F. G
Madland, L. L
Maguire, Edward J

7

12
2
9
2
8
11
11
2
6
10
7
5
12
10
1
2
10
7
6
6
12
1

Mann, Stuart H_
Mansfield, Fred S
Marcom, Roy
Marcuse, Benjamin
Miles, A. F
Millard, Samuel T
Miller, Louis A
Moon, Earl W
Moore, George M
Morgan, Clarence E. (JG)
Mueller, Arthur M. (JG)
Murphy, D. F
Nieman, R. E
Nelson, Nels (JG)

Noone, D. L. (Rec.)
Norman, Harry A
Northcutt, V. H
Oglesby, H. E
Otto, Charles C
Parker, Edward F
10 Pearson, Herbert (Rec) _
7 Peterson, F. R


Potter, Fulton


F

436-437 H. W. Hellman Building, Los
Angeles, Calif.
Lenox Hotel, Buffalo, N. Y.
Apartment 18, 250 North Main Street, Concord, N. H.
Care of Paul C. Keyes, Federal Building,
Aberdeen, S. Dak.
800 Federal Reserve Bank Building, Kansas
City, Mo.
Post-office box 1584, Waco, Tex.
1414 Jefferson Building, Philadelphia, Pa.
1203 Federal Reserve Bank Building, Chicago, 111.
1334 First National Soo Line Building,
Minneapolis, Minn.
1414 Jefferson Building, Philadelphia, Pa.
Post-office box 592, Indianapolis, Ind.
733 Federal Reserve Bank Building, Cleveland, Ohio.
406 Customhouse, Portland, Oreg.
Post-office box 926, Buffalo, N. Y.
1334 First National Soo Line Building,
Minneapolis, Minn.
720 United States Customhouse, New York>
N. Y.
1310 Federal Commerce Trust Building, St.
Louis, Mo.
Post-office box 1067, Fort Worth, Tex.
3521 Eutopia Street, Greenville, Tex.
560 West One hundred and forty-fourth
Street, New York, N. Y.
No. 4 Thornton Apartment, Redgate Avenue, Norfolk, Va.
Post-office box 822, Nashville, Tenn.
800 Federal Reserve Bank Building, Kansas
City, Mo.
335 Federal Building, Rock Island, 111.
Post-office box 752, Cumberland, Md.
238 Central Building, Seattle, Wash.
800 Federal Reserve Bank Building, Kansas
City, Mo.
Brock House, Rutland, Vt.
720 United States Customhouse, New
York, N. Y.
1334 First National Soo Line Building,
Minneapolis, Minn.
224 Federal Building, Salina, Kans.
1203 Federal Reserve Bank Building,
Chicago, 111.
Post-office box 1175, Lakeland, Fla.
Post-office box 1246, Montgomery, Ala.
406 Customhouse, Portland, Oreg.
Federal Reserve Bank Building, Boston,
Mass.
First National Bank of Hayward, Hayward,
Wis.
800 Federal Reserve Bank Building, Kansas
City, Mo.
110 North Adams Avenue, Mason City,
Iowa.

64

EEPOET OF THE COMPTROLLER OF THE CURKE25TCT

National Bank Examiners—Continued

10
12
5
2
8
10
12
11
7
1.1
9
1
8
7
12
11
9
9
6
3
4
9
2

5
2

9
2
11
4
5

62 South Dale Street, St. Paul, Minn.
800 Federal Reserve Bank Building, Kansas
City, Mo.
1103 Alexander Building, San Francisco,
Calif.
710-715 Bond Building, Washington, D. C.
Ramsdell, Paul C
720 United States Customhouse, New York,
Rasmussen, Frank E..
N. Y.
St. Regis Apartment, 4954 Lindell BouleReinholdt, Carl A
vard, St. Louis, Mo.
314 West Twenty-fifth Street, Cheyenne,
Riley, Jay M
Wyo.
Ritt, Charles J. (JG).-- 1103 Alexander Building, San Francisco,
CaKf.
Roberts> Joseph H. (JG). _ 312 Magnolia Building, Dallas, Tex.
651 Kellogg Street SE., Grand Rapids, Mich.
Robinson, E. Robert
Care of Federal Reserve Bank, Houston, Tex,
Roots, J. O
17 Magfll Block, Fargo, N. Dak.
Ross, M. A
Federal Reserve Bank Building, Boston,
Ryan, Frank J
Mass.
130 West Adams Street, Kirkwood, Mo.
Sailor, Vance L
Post-office box 96, Spencer, Iowa.
Sanders, J. L
436-437 H. W. Hellman Building, Los
Sawyer, L. M., jr..
Angeles, Calif.
1812 Burns Avenue, Detroit, Mich.
Schechter, William J
Schofield, John W. (U) - _. 1539 Hayworth Avenue, Hollywood, Calif.
519 Bedell Building, San Antonio, Tex.
Sellers, W. B
17 Magill Block,. Fargo, N. Dak.
Sevison, Henry
104 Torrey Building, Duluth, Minn.
Sheehan, W. F
Smith, Clarence F. (WFC) Care of Atlanta agency, Atlanta,. Ga.
Post-office box 981, Harrisburg, Pa.
Smith,, George F
g
Post-office box 336, West Newton, Pa.
S i t h George H
Smith, G
Weiser, Idaho.
Smith, John H. (Rec)
720 United States Customhouse, New York,
Smith, Robert F
N. Y.
Care of First National Bank, Sterling, Colo.
Smith, Roy E. (Rec)_
720 United States Customhouse, New York,
Smouse, Murray C _
N. Y.
710-715 Bond Building, Washington, D. C.
Snapp, John W
Post-office box 231, Sunbury, Pa.
Snyder, Vernon G_
1334 First National Soo Line Building,
Stevens, Lyle T___
Minneapolis, Minn.
Room 217, Office of Comptroller of the CurStewart, Adelia Mrency, Treasury Department, Washington,
D. C.
Post-office box 63, East Falls Church, Va.
I Stewart, Charles A_.
720 United States Customhouse, New York,
! Stillman, William P_
N. Y.
Post-office box 313, Honolulu, Hawaii.
Stobie, CVA
„
Storing, Charles C. (Rec). Lock box 450, Mandan, N. Dak.
Post-office box 536, Waterloo, Iowa.
Stuart, Robert K
715 Federal Reserve Bank Building, CleveSwenson, Loren T
land, Ohio.
! Swords, George W. (Rec) _ 1334 First National Soo Line Building, Minneapolis, Minn.
425 Summer Avenue, Newark, N. J.
Thompson, K. W_
1851 North Eighth Street, Abilene, Tex.
Thorn, Leslie D__
Post-office box 466, New Castle, Pa.
Tripp, Homer S__
Post-office box 332, Raleigh, N. C.
Tucker, G. H
Power, R . E
Preussner, Don A.
Price, Albert E. (JG)




REPORT OF THE COMPTROLLER OF THE CUREE^CY;

65

National Bank Examiners—Continued
Federal
reserve
district
No.

10
6
2

12
7
7
2
2

12
4
10
2
12
9
12

Address

800 Federal Reserve Bank Building, Kansas,
City, Mo.
Vann, John R. (Rec) (JG) Care of First National Bank, Colquitt, Ga.
720 United States Customhouse, New York,
Von Arb, E. A
N. Y.
1107 A. Mattei Building, Fresno, Calif.
Waldron, Walter J_
1203 Federal Reserve Bank Building, ChiWalker, Harry W.
.„
cago, 111.
1203 Federal Reserve Bank Building, ChiWanberg, J. F
cago, 111.
720 United States Customhouse, New York,
Watson, Ernest H
N. Y.
720 United States Customhouse, New York.
Watts, John L. (JG)
N. Y.
327 Federal Building, Pocatello, Idaho.
Weigand, Charles P_
Post-office box 1058, Pittsburgh, Pa.
White, A. J
Room 2, King Building, Norfolk, Nebr.
White, O. W
720 United States Customhouse, New York,.
Whitney, Harold S
N. Y.
238 Central Building, Seattle, Wash.
Wilde, M. C
Care of Commercial National Bank, WilWilliams, C. L. (Rec)_._
mington, N. C.
Care of First National Bank of Fergus
Williams, F. D; (Rec)___
County, Lewistown, Mont.
1103 Alexander Building, San Francisco^
Williams, T.. M
Calif.
Office of Comptroller of the Currency, WashWilson, C. F - r
ington^ D:. C.
Pulaski National Bank Building, Pulaski,
Wood, D.-R
Va.
2619 Broadway, Little Rock, Ark.
Woodside, Hal
1334 First National Soo Line Building, JMinneapolis, Minn.
Wright, Irwin D
General delivery, Reading, Pa.
Wylie, Robert W
Post-office box 477, Council Bluffs, Iowa.
Wilson, E. B
Young, William R______. 407 Central State National Bank Building,
Memphis, Tenn.
Turner, John W

(Rec)=Acting as receiver of a national bank.
(JG)-National bank examiner, junior grade.
(WFC)=Detailed for temporary duty to War Finance Corporation.
(U) =* Unassigned.

CO.HTICTIOSS OF NATIONAL EAFK OFFICERS AMD OCTEKS
FOE VIOLATIONS OF THE NATIONAL BANKING LAWS DUEIKS THE- YBAB EMBED 0CT0SEE 31, 19-25
Information furnished by the Department of Justice relative to
convictions during the year ended October 31? 1925, of officers and
employees of national banks, and others, for violations of the national banking laws, is shown in the following statement:




Criminal cases under the national banking laws resulting in conviction during the year ended October SI, 1925
Name of officer and others

C. B. Tambakis
M.C.Wright
Forest P. Hyatt

Pasquale Garcia..
«

T. T.Hyde
George L. Dick..
Arthur Applegate
J. L. McAdams

Title and location of the bank

Offense

Commercial National Bank, Youngstown, Ohio. Embezzlement
Citizens National Bank, Sumter, S. C
do
.....
Citizens Union National Bank, Louisville, Ky.. False entries and misapplication.
Manager foreign department Citizens National Bank, Vandergrift, Pa
False entries and embezzlement.
Bookkeeper
National Butchers & Drovers Bank, New York, Stealing.
N. Y.
.do.
Aider and abettor..
None..
do
do.
.do..
..dp.,
do
!
do.
.do..
do.
do
First National Bank, Watts, Calif
_. Embezzlement
President
False entries
do
_
Assistant cashier
Old National Bank, Evansville, Ind._
_. Embezzlement
General bookkeeper..
Iron County National Bank, Crystal Falls, Embezzlement and false
Cashier
Mich.
entries.
President.
Commercial National Bank, Charleston, S. C... False entries,.
_
do
Cashier...
Conspiracy to make false
statement.
Abstraction and false entries.
Peoples National Bank, Lakewood, N. J
Clerk
Farmers & Merchants National Bank, Redon- Abstraction
Teller
do, Calif.
Employee
Teller
do

Oscar Kameninski

John Horton
John Middleton
Stephen Breese
George Urlner
Othar Jensen
J. B. Deisenroth
Alvin Steckler
James J. Gaffney

Position

E. E. Chivers
Richard Belisle
George W. Hunter..

Assistant teller..
Cashier
do

Leo. A. Mergen
Mont Berg
Victor J. Seidel
T. E. Cameron
William B. Cooper
Thomas E. Cooper.
Jordan W. Richardson
William M. Jeter
Harold Wallace..
H. P. Beckwith

do
President
Clerk.....
Assistant cashier..
Former president..
President
Vice president
_do_-.
Cashier. _.
President.

James S. Archdeacon
Alfree W. Glynn
Robert G. Gore
John H. Smethers

Teller
Employee
Transit clerk..
Paying teller..




Sentence

15 years
15 months
10 months in jail.
1 year and 1 day.
3 years
On probation 5 years..
do
.do.,
.do..
2% years
$500 fine.
4 years
1 year and 1 day.
do....
$200 fine..
1 year and 1 day
10 months in jail and $1,500
fine.

3 years and 3 days.,
Abstraction
State National Bank, Ardmore, Okla
$800 fine
Embezzlement.
First National Bank, Morris, Okla
1 year and 1 day...
do
Williamstown National Bank, Williamstown,
W. Va.
5 years
•False entries. _.
Union National Bank, Beloit, Kans.
$250 fine....
Perjury
First National Bank, Quincy, Calif
$100 fine
Abstraction
First National Bank, Altoona, Pa...
1 year and 1 day.
Embezzlement.
Home National Bank, Cleburne, Tex
_
Commercial National Bank, Wilmington, N. C. False entries and abstraction 18 months
3 years.
.do
.do.
Perjury and misapplication.. 6 months in jail. .
State National Bank, Ardmore, Okla
do
_ 3 months in jail..
do..
do....
- . . — 12 months in jail.
do
—
Misapplication and false en- 1 year and 1 day.
Northern National Bank, Fargo, N. Dak
tries.
13 months
Security National Bank, Pasadena, Calif
Embezzlement
On probation pr suspended
American National Exchange Bank, New York,
do.....
sentence, 1 year and 1 day.
N.Y;
Misapplication..
$200 fine
First National Bank, Muskogee, Okla
90 days in jail and $500 fine..
Exchange National Bank, Tulsa, Okla
,._, Embezzlement..

Date of
sentence
1924
Nov. 3
Nov. 5
Nov. 8
Nov. 14
Nov. 17
Do.
Do.
Do.
Do.
Do.
Do.
Nov. 20
Dec. 9
Dec. 10
Do.
Dec. 15
Dec. 22
1925
Jan. 12
Jan. 30
Do.
Jan. 31
Feb. 10
Feb. 11
Feb. 17 •
Feb. 18
Do.
Feb. 25
Do.
Do.
Mar. 2
Do.
Mar. 9
Do.
Do.

William Stryker
George Adair
Grover O. Davies
John Brodie
S. L. Whitson
Thomas B. Wright
H. R. Parker
A. B. Richardson

President..
Clerk
Employee..
do..
Cashier
Assistant cashier..
Teller
Bookkeeper

George C. Hudspeth.

Cashier..
Vice president..

F. H. Brown
H. G. Arnold
O. W. Armell
Paul Wong
Russell Neltner..
E. C. Aiken
W. B. Morris....
E. F. Strain
Thomas H. Lang..
Clifford S. Heller..
David G. Wilson.
W. K. Robinson..
George D. Rich.
Elmer Gwinner.
S. A. Summers._
A. R. Steele
Earl Fowler.
S. J. Doyle..
Paul F. Reinking.
L. J. Brian
K. C. Hempstead.-.
Charles W. Pardew.
C. E. Hadsell-.
William H. Camp...
W. G. Baugh
Maurice Wilkins
Sam Hicks, jr
Ivan Glavadanovic.

Cashier
Teller- exchange teller
Assistant
Employee..
Receiver.. .
Cashier
President...
Teller
Assistant cashier..
do
Cashier..
Employee
..
Individual bookkeeper..
Bookkeeper
do.
_
do_.
Cashier .
do.
Vice President.
Employee
_.
Cashier
Bookkeeper
Cashier and vice president..
Assistant cashier
Bookkeeper
Employee
Manager foreign department.




Embezzlement and misapplication.
Embezzlement.
False entries...
Embezzlement.
Forgery, embezzlement, false
entries, etc.
Embezzlement,
do
Embezzlement, false entries,
and abstraction.
Misapplication, false entries,
First National Bank, Goree, Tex
and embezzlement.
Abstraction and misapplicaFirst National Bank, Warroad, Minntion.
Embezzlement.
First National Bank, Grady, N. Mex
First National Bank, Hanford, Calif.
do
Northwestern National Bank, Portland, Oreg... Abstraction and embezzlement
American National Bank, Newport, Ky
Embezzlement
First National Bank, Sipe Springs, Tex...*
.do.
First National Bank, Farmville, Va
.do.
First National Bank, Gregory, S. Dak
Embezzlement, misapplication, and false entries.
Embezzlement and abstracFirst National Bank, Westville, N. J
tion.
Mount Holly National Bank, Mount Holly, Embezzlement
Lumbermen's National Bank, Menominee,
doMich.
First National Bank, Volant, Pa
Embezzlement and abstraction. ,
First National Bank, Mounds, HI
Abstraction and false entriesSecond National Bank, Toledo, Ohio
Misapplication
Embezzlement
Jackson State National Bank, Jackson, Miss
National Bank of Commerce, Asheville, N. C... False entries

Security National Bank, Arkansas City, Kans^..
First National Bank, Oakland, Calif
First National Bank, Lakeland, Fla
-...
Philadelphia National Bank, Philadelphia, PaCitizens National Bank, Centerville, Tenn
Citizens National Bank, Vicksburg, Miss
First National Bank, St. Anthony, Idaho
Edisto National Bank, Orangeburg, S. C

Abstraction and false entries.
Misapplication and false entries.
Misapplication
_.
Misapplication, embezzlement, and false entries.
First National Bank, Oklahoma City, Okla
Embezzlement
First National Bank, Monette, Ark. _ _
Misapplication
__.
First National Bank, Fort Wayne, Ind
Embezzlement
__.
Commercial National Bank, Greenville, Tex...
do
Farmers National Bank, Tazewell, Va
._—do_:
First National Bank, Alexandria, Va
do
._
American National Bank, Nashville, Tenn
Abstraction ..
Merchants National Bank, Los Angeles, Calif.. False entries _
Growers National Bank, Fresno, Calif..
First National Bank, Poteau, Okla
Perry National Bank, Perry, IowaFirst National Bank, Caddo, Tex—,

$500fineand costs
2 years
1 year and 1 day.
3 months in jail. _
5 years
$500 fine—
18 months..
2 years
4 months in jail.
5 years
2 years, on probation..
1 year, on probation...
2 years
$335 fine.
I year and 1 day..
3 years
II months in jail-

| Mar. 10
Do.
Mar. 14
Mar. 21
Mar. 23
Do.
Mar. 24
Mar. 25
Mar. 26
Apr. 1
Apr. 7
ipr.
Do.
Apr. 8

Apr. 10
Apr. 11
Apr. 13
Do.
On probation
Do.
1 year and 1 day
Do.
$1,000 fine...
Apr. 14
2*4 years
Apr. 15
5 years and $5,000 fine.
Apr. 20
$100 fine.
Apr. 23
3 months in jail
$1fineand make restitution. May 4
Do.
2 years, on probation
May 5
18 months and $100 fine
May 8
1 year and 1 day
May 12
14 months
_
Do.
2 years
May 13
1 year and 1 day. _
May 18
2 years and $1,000 fine _ May 23
2 years
May 27
2 years and 6 months
May 24
12 months in jail
June 1
1 hour in custody of marshal- June 3
On probation, report quar- June 7
terly to United States attorney.

Criminal cases under the national banking laws resulting in conviction during the year ended October 81, 1925—Continued
Name of officer and others

Walter Harbottle..
Floyd Bosserdet...
J. C. Hale...

Position

Assistant cashier.
Employee
Cashier
,

Title and location of the bank

Offense

Sentence

New First National Bank, Hartford,, Ark
iVEisapplicatiqn
--- 2 years and $.250 fine.First National Bank, Detroit, Mich—
Embezzlement
Farmers & Merchants National Bank, Farmers- Misapplication and false en- j 3 years, on probation.
tries. "
• ville, Tex.
'
"
15 months
....
Seventh Avenue National Bank, New York, Embezzlement.
Employee.
T. J. McNamara.
Embezzlement and false en- 1 year, on probation...
Bookkeeper.
Fourth National Bank, Macon, Ga
J. H. Rigdon
' tries.
'
1 year a$d 1 costs..
Cashier
J. M. Tapager
Embezzlement
First National Bank, Lake Mills,, Iqwa
$500fineand day
A. B. Anderson
do.
First National Bank, Ruthven, Iowa 1
Bookkeeper
.doHerbert E. Clark.__
Cashier-_.5 years.
First National Bank, Matoaka, W. Va
-do_
F. W. L. Hageman..
Vice president1 year and 1 day_
Lincoln National Bank, Cincinnati, Ohio
_
J. H. McNeill.
Mis^pplication and con- $500 fine—.-.—
Director
Citizens First National Bank, Albany, Ga
spiracy.
J. E. Foy
_
Cashier
:.do_do_
-doE mbezzlement
A. J. Pohlman
do
First National Bank, Iron River, Mich2 years and 6 months
.._.
First National Bank, Roosevelt, N. Y__.
2 years.
Louis Steiner._
do
.-..do
do_.
2Vz years
_
T. Smith Buckman
...I None
Aider and abettor.
12 months in jail
B. J. McGurl
_
Cashier.
_ First National Bank, Jessup, Pa
M isappllcation
2 years.
W. S. MaheiNone..
_
do
Aider and abettor.
6 months in jail, $1,500 fine
F. L. Butzloff
I President
City National Bank, Tipton, Iowa.
Embezzlement
and costs.
Frank W. Quaite
! Assistant Cashier
WaxahachieNational B.ank, Waxahachie, Tex.. Abstraction and false entries 1 year and 1 day
Embezzlement
On probation._.
H. J. Vaniman
I Vice president and cashier — First National Bank, La Ver4e, Gaiif
Morris H. Rothston
_. Teller.
Fourth Street National Bank, Philadelphia, Pa. Thft
Oh
probation,
report
monthly.
Embezzlement.
$100 fine..
Allen D. Boggs
Employee
- Commercial National Bank, Shreve.pq.rt, La
2 years
_
_..
Clinton N. Franklin...
_do
| Washington Park National'Ba,nk, Chicago, 111. _.I.dQ_——-...
do
2 years, on probation
L. B. Wpoters
Assistant vice president
j National Bank of Commerce, Houston, Tex..,




Date of
sentence
1925
June 8
Do.
June 9
June 10

I

Po.
June 16
Do.
June 17
July 1
July 4
Do.
July 24
Sept. 10
Do.
Sept. 17
Sept.* 23
Sept. 26
Oct. 5
Oct. 3
Oct. 10
Oct. 14
Oct. 20

O
O
H
W
O

§

w

§

OF THE COMPTROLUEB OF THE CTJEEESTCir

6#

FEDERAL EESEEVE SYSTEM
The resources of the 12 Federal reserve hanks amounted to
$4,960,423,000 October 28, 1925, and exceeded the amount October
29, 1924, by $63,154,000. In this period the gold holdings of these
banks showed a reduction of $261,277,000; bills discounted and bought
an increase of $480,742,000; and holdings of United States Government securities, a reduction of $259,443,000.
Capital stock amounted to $116,602,000, an increase in the year
of $4,649,000, and surplus funds of $217,837,000 showed a reduction
of $3,078,000.
Member bank deposits showed an increase of $64,865,000, and
collection items, an increase of $50,840,000.
Statement showing the assets and liabilities of these banks at the
dates of fall reports, since November 24, 1916, to October 28, 1925,
and principal items of resources and liabilities at the close of each
month since January 28, 1921, follow:




[In thousands of dollars
Nov. 16,
1917

Nov. 22,
1918

Nov. 28,
1919

Nov. 26,
1920

Oct. 26,
1921

Oct. 25,
1922

Oct. 31,
1923

Oct. 29,
1924

Oct. 28,
1925

1,584,328
52,525
681,719
241,906
1,273

2,060,265
55,992
2,078,219
177,314
27

2,093,641
66,025
2,709,804
314,937

2,023,916
171,364
2,983,133
320,614

2,786,239
150,909
1,371,075
190,946

3,085,083
126,835
727,090
408,636
27

3,111,078
119,219
1,088,498
91,837
317

3,043,826
130,068
437,969
584,200

2,782,549
163,443
918,711
324,757

3,121

428,544
22,111

819,010
28,700

1,013,426
32,208

709,401
36,152

540,067
55,679

653,493
63, 931

611,271
69,047

611,709
89,497

684,027
86,936

735,060

3,012,406

5,219,527

6,230,041

6,244,580

5,094,915

5,065,095

5,091,267

4,897,269

4,960,423

55,711

66,691
218,887

80,025
1,134
113,174

87,001
81,087
98,157

99,020
164,745
15,909
1,734,691

103,007
213,824
46,624
1,669,059

106,277
215,398
23,659
1,799,931

109,726
218,369
40,334
1,895,265

111,953
220,915
28,266
2,162,347

116,602
217,837
38,670
2,227,212

1,501,423

1,718,000

1,943,232

22,873
27,351
18,180
23,061
12,408,779 12,298,536 12,224,865 11,766,622
88,024
37,995
523
466,044
539,773
555,914
566,510
76,681
25,346
23,210
13,305

31,382
11,694,771

Nov. 24,
1916
ASSETS

Gold
Other lawful money.....
Bills discounted and bought . _
United States securities
. .
Municipal warrants
Federal reserve notes—net . .
Due from Federal reserve banks—net
Qncollected items
All other assets ..«

459,935
17,9^4
122,593
50,594
22,166
15,414
43,263

.

Total
LIABILITIES

Capital paid in
.
Surplus
Government deposits
Member bank deposits—net
Due to member and nonmenber banks
All other deposits. _
Federal reserve notes—net
.
.
Federal reserve bank notes in circulation
Collection items
All other liabilities
Total
* In actual circulation.




26,319
637,072
..

14,296
1,028
634

735,060

1 972,585 i 2,555,215 i 2,852,277 13,325,629
214,610
80,504
256, 793
8,000
582,442
620,608
861,436
240,437
107,534
50,867
50,058
4,383
3,012,406

5,219,527

6,230,041

6,244,580

5,094,915

5,065,095

5,091,267

4,897,269

617,350
16,599

3
S

o
o

3
o

p

4,960,423

M

BEPORT OF THE COMPTROLLER OF THE CURRENCY

71

The principal assets and liabilities of the 12 Federal reserve banks
at the close of business each month, from January 28, 1921, to October 28, 1925, are shown in the statement following:
[In millions of dollars]
Assets
Year

Gold

1921

Liabilities

Other Bills dis- United
cur- counted States
and
rency bought securities

Capital

Surplus

Gross
Circudeposits lation

2,106
2,140
2,211
2,318
2,393
2,462
2,531
2,619
2,726
2,786
2,849
2,870

214
217
211
187
165
164
154
147
153
151
140
123

2,622
2,567
2,410
2,167
1,957
1,803
1,670
1,531
1,442
1,371
1,255
1,294

287
287
283
268
306
257
249
239
224
191
205
241

5,862
5,861
5,753
5,504
5,380
5,242
5,150
5,053
5,107
5,095
5,044
5,151

100
101
101
101
102
102
102
103
103
103
103
103

202
202
202
202
202
202
214
214
214
214
214
214

2,239
2,279
2,295
2,157
2,131
2,098
2,108
2,071
2,159
2,205
2,206
2,223

3,293
3,241
3,106
2,983
2,880
2,767
2,663
2,599
2,559
2,497
2,442
2,528

1922
Jan. 25
Feb. 2 1 . . . . . . . .
Mar. 29
Apr. 26
May 31
June 28
July 26
Aug. 30
Sept. 27
Oct. 25
Nov. 29
Dec. 27

2,904
2,947
2,975
2,995
3,008
3,021
3,055
3,063
3,077
3,085
3,073
3,040

155
134
128
130
123
127
127
132
126
127
130
108

933
804
739
583
590
623
536
576
658
727
909
876

250
355
441
567
603
557
541
498
451
409
304
458

4,781
4,789
4,816
4,860 1
4,847 I
4,905
4,863
4,849
4,970
5,065
5,081
5,305

103
104
104
104
105
105
105
106
106
106
107
107

215
215
215
215
215
215
215
215
215
215
215
215

2,177
2,198
2,214
2,333
2,293
2,370
2,331
2,297
2,336
2,382
2,381
2,479

2,269
2,255
2,262
2,237
2,212
2,192
2,190
2,207
2,288
2,337
2,351
2,47S

1923
Jan. 31
Feb. 28
Mar. 28
Apr. 25..
May 29
June 27
July25
Aug. 29
Sept. 26
Oct. 31
Nov. 2 8 . . .
Dec. 26

3,076
3,073
3.0C4
3,085
3,109
3,111
3,114
3,121
3,117
3,111
3,112
3,071

206
175
178
165
148
164
160
149
150
117
144
136

786
803
954
911
989
979
937
989
1,034
1,088
1,083
1,194

354
363
249
194
189
135
96
94
92
92
84
104

5,014
5,087
5,068
5,041
5,073
5,038
4,953
4,967
5,078
5,091
5,098
5,169

108
109
109
109
109
109
110
110
110
110
110

lp
i

218
2,471
218
2,499
218
2,492
218
2,473
218
2,476
218
2,462
218
2,410
218
2,393
218 • 2,481
218
2,515
218
2,498
218
2,473

2,307
2,250
2,235
2,225
2,252
2,229
2,196
2,226
2,248
2,225
2,247
2,341

3,143
3,123
3,123
3,120
3,118
3,156
3,155
3,115
3,069
3,044
3,046
2,937

180
158
151
152
143
169
155
132
130
130
122
173

794
795
685
572
516
395
318
312
352
438
502
701

121
156
257
302
333
430
505
542
575
584
582
540

4,842
4,890
4,851
4,811
4,725
4,791
4,740
4,704
4,812
4,897
4,960
5,096

110
111
111
111
111
111
111
112
112
112
112
112

221
221
221
221
221
221
221
221
221
221
221
218

2,475
2,522
2,521
2,539
2,486
2,599
2,634
2,618
2,737
2,784
2,203
2,311

2,021
2,023
1,983
1,926
1,891
1,844
1,762
1,741
, 730
,767
7845

2,939
2,894
2,867
2,851
2,838
2,811
2,791
2,762
2,760
2,783

218
192
197
197
196
204
202
177
154
1G3

581
751
685
667
692
697
679
781
901
919

394
365
344
349
349
325
330
332
343
325

4,800
4,942
4,787
4,750
4,757
4,749
4,680
4,728
4,906
4,960

112
114
114
115
116
116
116
116
116
117

218
218
218
218
218
218
218
218
218
218

2,265
2,270
2,184
2,187
2,202
2,210
2,201
2,237
2,268
2,297

Jan. 28
F,eb. 25
Mar. 25
Apr. 27
May 25
June 29
July27
Aug. 24
Sept. 28
Oct. 26,
Nov. 30
Dee. 28

Jan.30
Feb.27
Mar. 26
Apr. 30
May 28
June 25
July 30
Aug.27.._
Sept. 24
Oct. 29
Nov. 26
Dec. 31
Jan. 28...
Feb. 25
Mar. 25
Apr. 29
May27
June 24
July 29
Aug.26
Sept. 30
Oct. 28

1924

1925

67746°—261



6

,729
,709
,684
,671
,634
,598
6U
,6
,691

72

REPORT OF THE COMPTROLLER OF THE CURRENCY

Percentage of bills discounted secured by United Stales Government obligations to
total bills discounted and purchased by Federal reserve banks at the end of each
month, year ended October 31, 1925
[In thousands of dollars]

Discounted
bills secured
by United
States
Government
obligations

Date

1924

Nov. 29
Dee. 31

-

_

!

Percentage
j of discounted
bills secured
by GovTotal
ernment
holdings of
obligations
discounted
and purto total
chased bills holdings of
discounted
and purchased bills

112,694
186,840

555, sm
701,228

20.3
26,0

169,539
263,107
207,594
233,921
228.244
245,321
272, 258
308,990
316, 794
299,431

624,891
731,184
710,757
691,063
739,233
733,975
713, 618
789, 241
901, 498
963,076

27.1
38.0
29.2
33. 8
30.9
33.4
38.2
39.2
35.1
31.1

1925
Jan. 31
Feb. 28
Mar. 31
Apr. 30
May 31
June 30—
July 31.
Aug. 31
Sept. 30
Oct. 31

-

-

-

FEDERAL RESERVE BA3TK DISCOUNT RATES
The discount rates of each of the 12 Federal reserve banks, in
effect October 31,1925, with relation to each class of paper, are shown
in the following statement:
Discount rates of Federal reserve banks in effect October SI, 1925
Paper maturing—
After 90 days
but within 9
months

Within 90 days
Federal reserve bank
Commercial,
agricultural,
and livestock
paper, n. e. s.
Boston
NewYork___.
Philadelphia..
Cleveland
Bichmond
Atlanta
Chicago
St. Louis
Minneapolis.Kansas CityDallas
San Francisco.

Secured by
United States Bankers'
Government acceptances
obligations

Agricultural»
d
tk

*£

acceptances

!

paper

3*
4
4
4
4
4
4

m

f

4
4
4
4
3,4

i Including bankers' acceptances drawn for an agricultural purpose and secured by warehouse receipts, etc.




REPORT OF THE COMPTROLLER OF THE CUEBEKCY

73

DISCOUNT BATES PEEVAXLIHG Iff FEBEKAL EESEEVE EA¥K
A3TO BEAFCH CITIES

Customary rates charged on various classes of loans and discounts
in the cities in which Federal reserve banks and their branches are
located, as reported by representative banks to the Federal Reserve
Board, for weeks ended October 15, 1924, and September and October
15, 1925, are shown in the following statement.
In publishing this information, the Federal Reserve Board called
attention to the fact that the rates given are not averages, but are
those at which the bulk of paper of each class, was handled by the
reporting banks. In instances where reports did not indicate clearly
the rate covering the bulk of paper handled, a range of rates most
commonly charged, was given.
Discount and interest rates prevailing in various cities during iveeks ended October
15, 1924, and September and October 15, 1925
Customer's prime commercial paper
Interbank loans
District and city

30-90 days

Loans secured by
Liberty bonds

4-6 months

Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct.,
1925 1925 1924 ! 1925 1925 1924 1925 1925 1924 1925 1925 1924
4 -5
1—Boston
4f-5
2^-New York
5 -6
Buffalo..
5
3—Philadelphia
54-6
4—Cleveland
Pittsburgh
6
Cincinnati
_.
6
5H*
5— Richmond
4J-5J
Baltimore
5-6
6—Atlanta
Birmingham
6
Jacksonville
6-8
New Orleans
5 -6
Nashville
_
5f-6
7—Chicago
4*-5
Detroit
_
_
41-5
8—St. Louis6
Louisville „
5-6
Little Rock
9—Minneapolis
8
Helena
5
10— Kansas City
Omaha
_.
5
Denver
6
Oklahoma City
_ 5 -7
11—Dallas
41-6
El Paso
4$-8
Houston
5 -6
4*-64
12—San Francisco
6-7
Portland
6
Seattle
5-7
Spokane
Salt Lake City
5-6
Los Angeles
6




4i-5
5 -6
4|-5
5*-6
5-6
5-8
5f--6
4*-6*
5 -6
6
5-8
5 -S
«

5 -6
4*-4*
8
5
4 -6
6
5 -7
4i-6
44-8
5 -6:
5~5^
6-7
6
5 -7
5 -6
6

3^-5
5-6
4-4*
5-6
5 -6
54-6
5 -5*
4f-5i
5 -6
5-8
3*-8
5 -6
6
4 -5
4§-6
3^5

6
-i

5

2

6
6
5 -6
44-54
5 -6
6
4 -8
5 -7
5
4*-5*

5 -6 54-6
6
4-6
6
4f-6
6-7
7
4 -6 V
8
5 -6
4^5 5 -6
6
6
5 -7
6
6

H
4i~5
6
4*-5
5*-6
5 -6
5 -6
5 -5|
4£54
5 -6
6
4*-8
5 -7
i 5

4
4 -5
5
44;
5 -8
5
5 -6
5 -6
5 -54
4*-e*
5
44-51 4 4 - 5 !
5 -6 5 -6 5 - 6
6 -7 5-6 5 - 6
3|-7 5-6 5 - 6

3J-6

6
4 -44

5 -6 5 -6
6 54-6
4*-6* 5 -54
4^6 4*-6
44-5
6"5*
3
6
6
5
6 54-6
6
44-5*
64
8 6 -r
5 -54 5 -6
4 -6 j 44-6
6
4* 6-64
5-7 6-7 6 -7
4*-6 4 -6 5 -6
4|-8
8 6-7
5-6 5-6
4J-5
6
6-6f
6-7 5 -64
4-6 6-7
6-7 6 -7

i

5-6
5f-6

52

5-54
5
54-6

6*
6 -3
6
5*-6
6 -f>
6 -7
5 -6

6-7
4*-6
5 -6
6
5 -6
6-7
6-7
6

4f
4 - 4 | 4-5
5 -6 5*-6
4-4*
5 4* 5-6
5 -6 5-6
5 -54 5-54
5 -6 5-6
5 5-5*
44-6 41-6
6
6
4 - 8 5-8
5 -6 5-6
5 -6
44-54 4i44
i
5 -6 44-6
5 -5 5 -54
6
5
6
5-6' 5 -6

4f
4i
5 -6
4^-5
5 -6
6
6*
54-6
5
4|-6
6
4 -8
5 -6

31

5-6
5
6
5 -6
5-6
7 -8
6
5-6
6 -7
6
6-7
6 -8
6-7

5 -6
5 -6 5-6
6
6
6 -7 6-7
5-6 4-6
7 -8 7-8
5-6 5-6
54-6 5-3
6 -7 6-7
6
6
6 -7
&
6
6
6-7 6-7

74

REPORT OF THE COMPTROLLER OF THE CURRENCY

Discount and interest rates prevailing in various cities during weeks ended October
15, 1924, and September and October 15, 1925—Continued
Loans secured by stocks and bonds
Demand

District and city

Loans secured by
warehouse receipts

Time

Cattle los

Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct.,
1925 1925 1924 1925 1925 1924 1925 1925 1924 1925 1925 1924
5
1—Boston
2—New York
- . 44-5
Buffalo
5 -6
3—Philadelphia
5
4—Cleveland
-_ _- - ._ 54-6
Pittsburgh
6
Cincinnati
54
5—Richmond
_ _ _ 54-6
Baltimore
5 -5|
6—Atlanta
5 -6
Birmingham
6
Jacksonville
44-8
New Orleans
5 -6
Nashville
54-6
7—Chicago
44-5
Detroit -..
4 -6
8-^St Louis
Louisville
Little Rock
9—M inneapolis
44-5
Helena .
6
10—Kansas City
Omaha
Denver
Oklahoma City
6
5 -6
11—Dallas
7 -8
El Paso
Houston
_44-6
5 -6
12—San Francisco
6 -7
Portland
6
Seattle
8
Spokane
6 -7
Salt Lake City
6 -7
Los Angeles

5
5*-6
44
54-6
5 -6
5 -54
54-6
5 -54
5 -6
6
5-8
5 -6
64-6
44-5
5 -6

3

5 -6
34-5
6
5 -6
54
5 -6
44-54
5 -6
6
6 -7
5 -6
54-6
4 -6
44-6
4 -54
6
6
6
44-54
5 -6 5 -6
4J-6
5 -6
6 -7 6 2 -7
5 -6 5 -7
8
8
5 -6 5 -6
5 -6 5 -6
6 -7 6 -7
6
6
8
8
6
6
6 -7 6 -7

43-5

44-5
6
5 -6
5
44
54-6 54-6
6 5 -6
54
54-6
54-5f
5 -7
6
6
44-8
5^-6 5 -6
54-6
44-5 4

4f

44-5
6
5
54-6
6
6
54-6
6
5 -6
6
44-8
5 -6
54T6 54-6
44-5 44-5
5 -6
4-54 3 2
6
6
6 -7
6
44-6
8
5 -6 5 -6
6
6 -7
6-7
6-7
5 -8 5 -6
8
8
5 -6 5 -6
5 -6
6
6 -7 6 -7
7
6 -7
7 7 -8
7
5 -7
7
7

52-6
34-4
6
5 -6
54-6
5 -6
44-54
5 -6
6 -7
6-8
5 -6

111
fcfi

44-5

44-54

6

6
44-54
'6 -8
6
41-6
5 -6
6-8
5 -6
8
5 -6
5 -6
6 -7
6
7
6-7

6
6-7
5 -6
6 -8
6 -6
6
6 -7
6
6 -8
6 -7
6 -7

6
44-54
54-6
6
5 -7
54
6
5 -6
6
44-8
5 -6
54-6
5-6
5 -6
4-i-54
6
6
5 -6
6
6 -7
6-7
5 -8
8
5 -6
6
6 -7
7
6 -7
6 -7
6 -7

4 -5
6
44-6
54-6
6
6 -7
5|
5 -6*
6
44-7
5 -7
5|-6
5-6 5 -54 5 - 6
5 -6
5-6 5-6
6 -7
5 -6
6 -7
6 -8
6-8
5 -7
8
5 -6
6
6 -7
6 -7
7
7
7

6

6

g
6 -7
7
6 -7
6-8
7 -8
8
6 -8

8
6 -7
54-7
6-8
6 -8
6 -8
8
7 -8

5-6
6
6-7
Q

6-7
6-7
6-8
7-8
7 -8
8-10
6 -8

6 -64 6 -64

6

7 6 -7 6-7
7-8 7-8 7 1
7
7

1

RATES FOR MONEY IN N E W YORK
The range of rates for various classes of paper in the New York
money market, in the year ended October 31, 1925, supplemented by
information relative to the range of rates annually since 1916, is
shown in the statements following furnished by the Financial and
Commercial Chronicle.
The low point in the rate of call loans, was 2 per cent, the high point
was 6, and the range during the month of October last, was from 4
to 6 per cent. The high point for 60-day paper was 5 per cent, the
low point, 3)4, and the range during October was 4)^ to 5 per cent.
The nigh point for double-name commercial paper was 4J^ per cent,
the low point, 3J^, with rates during the month of October which
ranged from 4}£ to 4y%.
The rates for sterling bills, 60-day, sight, and cable transfers,
ranged from $4.50% in November, 1924, to $4.85 in October, 1925.




REPORT OP THE COMPTROLLER OF THE CURRENCY

75

Rates for money in New York
1924
November
Call loans, stock exchange:
Range
Time loans:
60 days
90 days
4 months
5 months
6 months
Commercial paper:
Double names—
Choice, 1 4 to 6 months.
Single names—
Prime, 1 4 to 6 months.
Good, 4 to 6 months...

2

1925

December

February

January

March

April

Septem-

October

-4

1925—Continued
May

July

June

August

Call loans, stock exchange:
Range
Time loans:
60 days
90 days
4 months
5 months
6 months
_
Commercial paper:
Double n a m e s Choice,1 4 to 6 months
Single names—
Prime, 1 4 to 6 months.
Good, 4 to 6 months. _

4 -4M

4- 4H
I

1

Rates for choice double and prime single names are identical.
NOTE.—60 and 90 day paper nolonger quoted, aslittle or no paper of these short maturities is now being
made. As rates previously, however, for 60 to 90 day paper were identical with those for 4 to 6 months
paper, present rates are properly comparable with previous rates, the standard for all recent years being
4 to 6 months paper.

Rates for sterling bills
[Range for month]
60-day

November
December
January
February
March
April
May
June
July
August
September
October

_

1924

1925




,

$4.50^-4.6
4.60%-4.7

Sight

$4.5334-4.63J>
4. 63^-4. 73^

Cable transfers

$4.53K-4.64i«
4.63^-4.73J>

Comparison of the range of rates for call loans, 60-day time loans, and two-name commercial paper loans in New
York annually for 1916 to 1925 is shown in the statement following:
Range of rates for money in New York annually, 1916 to 1925
1917

1916

1919

1918

1920

Range
Range Range
Range Range
Range
Range Range
Range
High Low for DeHigh Low for Defor
for
High Low for Defor
High Low for Defor
for
High Low for December
cember January
cember January
cember January
cember January
January
Call loans
Time loans (60 days)
Commerieal (2-name)...

1343
234-2^
3 -3H

15

10

53^-25
6 - 7
&K- 6

3 -6

5 -5
5 -5

4k
4H

1921

1922

7 ~V

a
o
H
W
O

1925

1924

1923

w

6-20
7- 8

Range
Range Range
Range Range
Range Range
Range Range
Range
High Low for OcHigh Low for DeHigh Low for Defor
High Low for Defor
for
for
for
High Low for December January
tober
cember January
cember January
January
cember January
Call loans
Time loans (60 days)
Commercial (2-name)...

-8

9

a -iy2
7K-S

8

6




3H
5
5

434-6
5

-5}4

3 -6

6

3^-4

if

2M 3M-5M
3 ^ 4^-5

4H-4^

33^-5^
4^-5
4>/2-4H

6
5M :

3K
4K

434-6
4^-5
4M-S

3^-6
4)4-5
4^-5

6
5
5

2 234-5 2 -53/2
2 2 -3M 3 ^ - 3 ^
3M-3M 3M-3%

6
5
43^

4

-6

3K 43/2-5
3M 4M~4}^

w
8

REPORT OF THE COMPTKOL*LEB OF THE CUBKEHCY

77

NEW YORK CLEAEJHG HOUSE
The number of banks comprising the New York Clearing House
Association was reduced from 40 to 36, in the year ended September
30, 1925, as disclosed by statistics furnished by Mr. W. J. Gilpin5
manager of the New York Clearing House Association.
The capital of these banks was $326,350,000; the aggregate clearings in the year amounted to $276,873,935,000 and showed an increase
over the prior .year of $41,375,286,000. Aggregate balances amounted
to $29,721,103,000; average daily clearings were $913,775,000, and
the average daily balances were $98,089,000. The percentage of
balances to clearings was 10.73.
CLEARING HOUSE ASSOCIATION IH THE 12 FEDERAL RESERVE BAITK CITIES, AffD ELSEWHERE

The transactions of the clearing house associations in the 12
Federal reserve bank cities in the year amounted to $404,498,906,000
and exceeded the amount in the prior year by $53,803,053,000.
The total clearings of associations in 24 other principal cities, each
of which had clearings in excess of $1,000,000,000, amounted to
$65,752,142,000, and showed an increase of $5,140,756,000.
The aggregate clearings of all associations reported amounted
to $505,298,883,000, and exceeded the amount in the year ended
September 30, 1924, by $62,605,097,000.
The clearings of associations in the 12 Federal reserve bank cities,
equaled 80.05 per cent of the total clearings of all associations in the
United States, and the increase in the clearings during the year, of
the associations in these cities, was 85.94 per cent of the total increase.
Tables showing the following information are published in the
appendix of this report: Comparative statement of the New York
Clearing House, annually since 1854; comparative statement of the
transactions of the New York Clearing House in years ended September 30, 1925 and 1924; exchanges, balances and percentages of
balances to exchanges, etc., by the New York Clearing House
annually since 1893; comparative statement of the exchanges of
clearing houses of the United States by cities, for years ended September 30, 1925 and 1924; and comparative statement of transactions of clearing house associations in the 12 Federal reserve bank
cities and elsewhere, in years ended September 30, 1925 and 1924.

BANKS OTHEE THAN NATIONAL
Due to the cooperation of officials of banking departments of the
several States, the comptroller is enabled to present in this report, as
required by section 333, Revised Statutes, statistics with respect to
each class of reporting banks other than national.
STATE (COMMERCIAL) BAHXS

The total resources of 16,983 State (commercial) banks amounted
to $15,979,238,000 June 30, 1925, and showed an increase in the year
of $1,163,227,000, notwithstanding a reduction in the number of
reporting banks of 453.




78

EEPORT OF THE COMPTKOLLEB OF THE CURBENCY

Loans and discounts were $9,282,839,000, an increase in the year
of $416,871,000; overdrafts were reduced $4,270,000, and investments in United States Government securities and other miscellaneous bonds and securities aggregated $3,052,172,000 and showed an
increase of $334,017,000.
Banking house, furniture, and fixtures, showed an increase in the
year of $29,645,000, and other real estate owned was increased
$23,494,000.
Balances due from correspondent banks and bankers, including
lawful reserve with Federal reserve banks, amounted to $1,851,068,000
and showed an increase of $212,183,000; checks and other cash items
were increased $50,222,000; exchanges for clearing house showed an
increase of $43,377,000, and cash on hand, an increase of $11,319,000.
Other resources showed an increase of $46,369,000.
The capital stock of these banks was $1,062,264,000, an increase
of $645,000; surplus funds amounted to $644,420,000, an increase of
$41,634,000, and undivided profits were $226,988,000, and showed an
increase of $18,232,000.
Aggregate deposit liabilities were $13,402,017,000, an increase in
the year of $1,089,304,000. The increase in individual deposits
(demand and time), was $927,520,000; in deposits to the credit of
correspondent banks, $140,120,000; in certified checks and cashiers'
checks outstanding, $12,628,000 and in United States deposits $9,036,000.
Paper rediscounted with Federal reserve banks and elsewhere
amounted to $59,124,000 and showed a reduction in the year of
$46,353,000, and other obligations for money borrowed, represented
by bills payable, totaled $244,782,000 and showed an increase of
$11,853,000. Other liabilities were increased to the extent of
$47,912,000*.
A summary of the resources and liabilities of State (commercial)
banks, on the date indicated, follows:
Summary of'reports of condition of 16,983 State (commercial) banks in the United
States and island possessions at the close of business June SO, 1925
[In thousands of dollars]
RESOURCES

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real
estate)
284,743
On demand (not secured by collateral)
. 84, 693
On time (secured by collateral other than real
estate)
303, 840
On time (not secured by collateral)
586, 475
Secured by farm land
165, 496
Secured by other real estate
152, 243
Not classified
7, 705, 349
Total
9, 282, 839
Overdrafts
_
35,819
Investments (including premiums on bonds):
United States Government securities
525, 233
State, county, and municipal bonds
221, 495
Railroad bonds
68, 589
Bonds of other public service corporations (including
street and interruban railway bonds)
145, 055
Other bonds, stocks, warrants, etc
2, 091, 800
Total



3, 052, 172

BEPOBT OF THE COMPTROLLER OF THE CURRENCY

79

Banking house (including furniture and
fixtures)
430, 278
Other real estate owned
144, 660
Due from banks
1, 243, 607
Lawful reserve with Federal reserve bank or other reserve agents__
607, 461
Checks and other cash items
323, 365
Exchanges for clearing house
198, 869
Cash on hand:
Gold coin
13, 244
Silver coin
15, 511
Paper currency
167, 794
Nickels and cents
1, 122
Not classified
160, 289
Total
Other resources

357, 960
302, 208

Total resources

15, 979, 238
LIABILITIES

Capital stock paid in
1, 062, 264
Surplus
644,420
Undivided profits (less expenses and taxes paid)
226, 988
Due to all banks.-..
„
606, 493
Certified checks and cashiers7 checks
.
95, 845
Individual deposits (including dividends unpaid and postal savings):
Demand deposits—
Individual deposits subject to check
4, 447, 178
Demand certificates of deposit
342, 678
Dividends unpaid
9, 952
Time deposits—
Savings deposits, or deposits in interest or
savings department
2, 946, 336
Time certificates of deposit
1, 264, 818
Postal savings deposits
4, 807
Not classified
3, 666, 984
Total
.
12, 682, 753
United States deposits (exclusive of postal savings)
16, 926
Notes and bills rediscounted
59, 124
Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) _
244, 782
Other liabilities.
_._
339, 643
Total liabilities

15, 979, 238

LOAN AND TRUST COMPANIES
The returns from 1,680 loan and trust companies June 30; 1925,
with total resources of $11,565,549,000, showed an increase of 16
companies and an increase in resources of $1,241,772,000, since June,
1924.
Loans and discounts of $6,122,785,000 showed an increase of
$828,965,000; overdrafts were reduced $1,474,000 and investments
in bonds and securities amounting to $2,801,346,000 showed an
increase of $52,921,000.
Banking houses, furniture, and fixtures were valued at $11,459,000
more than a year ago, and holdings of other real estate were increased
$5,353,000.
Balances due from correspondent banks* and bankers, including
lawful reserve with Federal reserve banks, amounted to $1,249,093,000 and showed an increase of $175,119,000; checks and other cash
items were increased $21,866,000; exchanges for clearing house



80

BEPOBT OF THE COMPTROLLER OF THE CURRENCY

$4,112,000 and cash on hand $13,743,000. Other resources showed
an increase of $129,708,000.
Capital stock was $643,451,000 and showed an increase of $22,436,000; surplus funds were increased $50,944,000, and undivided profits
increased $18,088,000.
Balances due to correspondent banks totaled $871,720,000 and
showed an increase of $233,372,000; certified checks and cashiers'
checks were increased $11,034,000; individual deposits (demand and
time) were $8,536,860,000, an increase of $751,529,000, and United
States deposits were reduced $1,041,000. The net increase in deposit
liabilities was $994,894,000.
Liabilities incident to the rediscount of paper with Federal reserve
banks and elsewhere were $34,244,000, and showed an increase of
$12,162,000; bills payable amounted to $95,787,000, an increase of
$18,211,000. Other liabilities increased $125,037,000.
The resources and liabilities of loan and trust companies., June 30r
1925, are shown in the following statement:
Summary of reports of condition of lT6S0 loan and trust companies in the United
States at-the close of business June SOr 1925
[In thousands of dollars]

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real
estate)-.
;683, 943
On demand (not secured by collateral)
167, 806
On time (secured by collateral other than real
estate)
294, 197
On time (not secured by collateral)
793, 457
Secured by farm land
18, 353
Secured by other real estate
681, 177
Not classified
_
3, 483, 852
Total
&, 122, 7M
Overdrafts
_
3, 722
Investments (including premiums on bonds):
United States Government securities
349, 144
State, county, and municipal bonds
88, 314
Railroad bonds
291, 901
Bonds of other public service corporations (including street and interurban railway bonds) _ _
181, 989
Other bonds, stocks, warrants, etc. _
1, 889, 998
Total
2,801,346
Banking house (including furniture and
fixtures)
248, 221
Other real estate owned
46, 776
Due from banks
499, 984
Lawful reserve with Federal reserve bank or other reserve agents. _
749, 109
Checks and other cash items
^
467, 969
Exchanges for clearing house
«.----_
35, 017
Cash on hand:
Gold coin
4, 225
Silver coin
5, 566
Paper currency
94f 815
Nickels and cents
735
Not classified.
.
__
54, 764
Total
Other resources
Total resources




_--__->
_

-

160, 105
430, 515
11, 565, 549

ftEPOBT OF T H E COMPTROLLER OF T H E CURRENCY

81

LIABILITIES

Capital stock paid in
„ _.
Surplus
_
Undivided profits (less expenses and taxes paid)
.
Due to all banks
Certified checks and cashiers' checks
Individual deposits (including dividends unpaid and
postal savings):
Demand deposits-—
Individual deposits subject to check
2, 615, 515
Demand certificates of deposit
65, 774
Dividends unpaid
6, 470
Time deposits—
Savings deposits, or deposits in interest or savings department
1, 659, 180
Time certificates of deposit
176, 547
Postal savings deposits
5, 18©
Not classified
4, 008, 188

64S> 451
723, .209
159; 03#
871, 720
41, 307

Total
.
8, 536 r 86!
United States deposits (exclusive of postal savings)
15, 741
Notes and bills rediscounted
34, 244
Bills payable (including, advances received from. War Finance
Corporation and certificates of deposit representing money
borrowed)
1
95, 787
Other liabilities
444, 194
Total liabilities

11, 565, 54t

PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES OF LOAH
AND TRUST COMPANIES IN JUNE OF EACH YEAR, 1 9 1 4 TO 1925

The principal items of resources and liabilities of loan and trust
companies for years ended June 30, 1914 to 1925, inclusive,,
shown in the statement following:
[In millions of dollars]

Year

I Number

Loans *

I
1914.
1&1S.
1918.
1U7.
1918.
1919.
1920.
1921.
1922.
1923.
1924.
3925.
1

1,564
1,664
1,606
1,608
1,669
1,377
1,408
1,474
1,550
1,643
1,664
1,680

2, 905. 7
3,048. 6
3, 704. 3
4,311. 7
4,403. 8
4,091. 0
4, 601. 5
4, 277,1
4,345. 4
5,064.1
o, 239. 0
6,126. &

Investments
1,261.3
1,349. 6
1,605. 4
1, 789. 7
2,115.6
2,069. 9
1,902.1
1,942.6
2, 311.1
2,423. 8
2, 748. 4
2,801.3

Capital

Surplus
ind profits

462.2
476.8
4-75.8
505.5
525.2
450. 4
475.7
515. 5
532.3
591.4
621. 0
843,4

564.4
577.4
605.5
641.8
646. #
588. 6.
612.1
649. 5
680.2
739.9
813. 2
8S2.2

Total
deposits
4, 289.1
4, 604. 0
5, 732. 4
6,413.1
6,493. 3
6,157.2
6, 518. 0
6,175. 0
6,861. 2
6,831. 0
7, 785. 3
9,465. 6

Aggregafct j
resources J
5, 48§. S
5,873. I '
7,028. 2
7,8m 8
8,317. 4!\
7, 959. 9
8v 320.9 .
8,181.§
8, 533. 8
9, 499. 2
10,323. 8
11,565.8

Includes overdrafts.

STOCK SAVINGS BASTES
The returns from 972 stock savings banks, June 30, 1925, showed
total resources of $2,093,125,000. The increase in resources in the
year was $169,741,000 and the reduction in the number of banks
was 18.
«
Loans and discounts of $1,364,721,000, showed an increase of
$62,611,000; overdrafts exceeded the amount a year ago by $90,000,!
and investments in United States Government and other bonds and]



82

KEPORT OF THE COMPTROLLER OF THE CLTRRENCY

securities amounted to $429,834,000, being $62,591,000 greater than
on June 30, 1924.
Banking houses, furniture, and fixtures showed an increase of
$038,000 and other real estate owned an increase of $4,459,000.
Balances due from correspondent banks and bankers showed an
increase of $21,109,000; checks and other cash items, an increase of
$2,128,000; exchanges for clearing house, a reduction of $388,000
and cash on hand, an increase of $312,000. Resources other than
those enumerated showed an increase of $15,291,000.
The paid-in capital stock of these banks amounted to $83,758,000,
a reduction of $2,629,000; surplus funds of $44,893,000 showed an
increase of $563,000 and undivided profits of $21,487,000 an increase
of $2,444,000.
Individual deposits, which constitute the major deposit liabilities
of these banks, amounted to $1,918,230,000, and showed an increase
of $171,621,000. The total of all other deposit liabilities was
$8,106,000, the increase being $2,013,000.
Liabilities for money borrowed totaled $8,773,000, and showed
a reduction of $6,399,000. Other liabilities showed an increase of
$2,128,000.
Summary of the resources and liabilities of these banks follows:
Summary of reports of condition of 972 stock savings banks in the United States
at the close of business June 80, 1926
In thousands of dollars]
RESOURCES

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real
estate)
7,063
On demand (not secured by collateral)
1, 156
On time (secured by collateral other than real estate) 8, 191
On time (not secured by collateral)
14, 119
Secured by farm land
4, 717
Secured by other real estate
32, 857
Not classified
1, 296, 618
Total
Overdrafts
Investments (including premiums on bonds):
United States Government securities
State, county, and municipal bonds
Railroad bonds
Bonds of other public service corporations (including
street and interurban railway bonds)
Other bonds, stocks, warrants, etc

1,364,721
536
161, 532
5,246
11, 567
7, 529
243, 960

Total
Banking house (including furniture and
fixtures)
Other real estate owned
Due from banks
.
Lawful reserve with Federal reserve bank or other reserve agents
Checks and other cash items
Exchanges for clearing house




429,834
56, 148
21, 535
123, 867
32, 137
11, 051
4, 368

&EPORT OF THE OOMPTKOLIiEB OF THE CURRENCY

Gash on hand:
Gold coin.
Silver coin-....
Paper currency
Nickels and cents
Not classified...'

83

3, 054
13
1, 196
64
25, 098

,

Total

29,425

Other resources

19, 503

Total resources

2, 093, 125
LIABILITIES

Capital stock paid in
*
83, 758
Surplus44,893
Undivided profits (less expenses and taxes paid)
21, 487
Due to all banks
958
Certified checks and cashiers' checks
696
Individual deposits (including dividends unpaid and postal
savings):
Demand deposits—
Individual deposits subject to check
17, 101
Demand certificates of deposit
646
Dividends unpaid
74
Time deposits-—
Savings deposits, or deposits in interest or savings
department
1, 784, 668
Time certificates of deposit
5, 846
Postal savings deposits
,
143
Not classified
.
.
109, 752
Total
.
„„
_-.
1, 918, 230
United States deposits (exclusive of postal savings)
6, 452
Notes and bills rediscounted
„
41
Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) 8, 732
Other liabilities.-_
7, 878
Total liabilities

,

...

-

2,093,125

MUTUAL SAVINGS BAHKS
The aggregate resources of 611 mutual savings banks June 30,
1925, amounted to $7,913,039,000, an increase since June 30, 1924, of
$548,383,000. Investments in United States bonds and other
securities amounted to $3,351,162,000, an increase of $133,619,000
in the year;
Banking houses, furniture, and fixtures showed an increase in value
of $9,969,000, and other real estate owned, an increase of $538,000.
Balances due from correspondent banks and bankers amounted to
$201,797,000, showing a reduction of $6,750,000; checks and other
cash items showed an increase of $114,000; exchanges for clearing
house, a reduction of $273,000 while cash on hand to the amount of
$40,359,000, showed an increase of $62,000. Other resources
amounted to $53,230,000, and exceeded the amount a year ago by
$3,781,000.
The surplus funds of these banks aggregated $833,176,000, showing
an increase in the year of $74,390,000, and undivided profits of
$116,523,000, an increase of $16,669,000.
Total deposit liabilities amounted to $7,151,803,000, and exceeded
the amount June 30, 1924, by $458,408,000. Of these liabilities



84

REPOBT OF THE COMPTROLLER OF THE CURRENCY

Individual deposits of $7,146,951,000 showed an increase of $453-,705,000; balances due to banks, an increase of $4,134,000 and certified
checks and cashiers checks, an increase of $569,000.
Bills payable amounted to $518,000, exceeding the amount a year
ago by $270,000, and other liabilities of $11,019,000; showed a reduction of $1,354,000.
Summary, of reports of condition of 611 mutual savings banks in the United States
at the close of business June 80, 1925
[In thousands of dollars]
RESOURCES

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real
estate)
4,39*
On time (secured by collateral other than real
estate)
'
7,241
On time (not secured by collateral)
6,* 998
Secured by farm land
52$
Secured by other real estate
349, 405
Not classified
_
3, 814, 508
Total.
-_. 4,183,071
Investments (Including premiums on bonds):
United States Government securities
603, 750
State, county, and municipal bonds_.
.__ 156, 48S
Railroad bonds
634, 512
Bonds of other public service corporations (including street and interurban railway bonds)
233, 56&
Other bonds, stocks, warrants, etc
1, 722, 844
Total
Banking house (including, furniture and
Other real estate owned
Due from banks
Checks- and other cash items
.
Exchanges for clearing house
Cash on hand:
Gold coin
Silver coin
Paper currency
Nickels- and cents
Not classified
Total
Other resources
_
Total resources

3, 351, 162
76, 290
6r 017
201, 797
901
212

fixtures)

994
6S
3, 874
15
35, 406

-

-

-

.

_

40,359
53, 230
7, 913,039

.

633,176
116, 523
4, 265
587

r

>
LIABILITIES

Surplus
Undivided profits (less expenses and taxes paid)
Due to all banks
Certified cheeks an4 cashiers' checks,—»•-...-.•--.«.......•.




,-

REPORT OF THE COMPTROLLER OF THE CURRENCY

85

Individual deposits (including dividends unpaid and
postal savings):
Demand deposits—
Individual deposits subject to check
7, 096
Time deposits-—
Savings deposits, or deposits in interest or savings department
7, 139, 110
Time certificates of deposit
400
Not classified
345
Total-.-.
---7, 146, 951
Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed)
518
Other liabilities
11,019
Total liabilities

7,913,039

DEPOSITOES AND DEPOSITS IB" MUTUAL AJTD STOCK SAVIFGS BAffKS
The total individual deposits in mutual and stock sayings banks
June 30, 1925, were $9,065,181,000 and exceeded the amount in
June, 1924, by $625,326,000. The number of depositors was
14,539,947, or 568,154 more than a year ago. The average amount
due each depositor in the mutual savings banks was $673.21, compared with $642.98 in June, 1924, and the average amoiant due each
depositor in the stock savings banks was $488.88, compared with
$490.34 a year ago.
Statements showing information relative to the number of mutual
and stock savings banks in each State, the number of depositors, the
amount of deposits, the average amount due each depositor, and the
per cent rates of interest paid by banks in each State, June 30, 1924
and 1925, with related data for each year, from 1914 to 1925, follow:




Number of mutual savings banks, number of depositors, individual deposits, and average deposit account, by States, June 80, 1924 and 1925
1925

1924

States
Number Depositors
of banks
Maine__
_
_
New Hampshire
Vermont
_
_
_ _
Massachusetts
_
_
.
Rhode Island
Connecticut
Total New England States

37
42
19
196
U4
78

231,844
237,541
125,987
2,784, 227
212,945
796,586

386

NewYork__
New Jersey.,
Pennsylvania _
Delaware._
Maryland
.
Total Eastern States. —

148
27
9
2
17
203

.

Ohio
Indiana
Wisconsin
>. .
Minnesota..
Total Middle Western States. _

Deposits

Average
Per cent
due each rate of in- Number Depositors
depositor .terest paid of banks

$107,470,000
135,665,000
78,758,000
1,509,775,000
140,305,000
480,728,000

$463.54
571.12
625.13
542. 26
658.88
603.49

4,389,130

2,452,701,000

558.81

4,311,954
396,180
527, 735
44,715
295,885

3,372,854,000
206,405, O O
O
337,588,000
21,054,000
146,785,000

759. 25
520.99
639. 69
470.85
496.09

5, 576,469

3,985,686,000

714. 73
734.64
543. 67
354. 68
379. 50

4.00
4.07
4.45
4.58
4.17
4.37

Deposits
$108,715,000
141,092,000
84,047,000
1,608,380,000
146,491,000
505,394,000

Per cent
Average
due each rate of indepositor terest paid
$468.65
587.67
660.41
569.83
661.95
622. 75

4,454, 752

2,594,119,000

4,476,950
421,534
505,157
45,343
305,550

3,531,458,000
218,605,000
356,197,000
21,804,000
154,156,000

788.81
518. 59
705.12
480.87
504.52

5, 754, 534

4,282,220,000

744.15

3
5
7
5

97,830
33,387
15,675
131,194

77,346,000
19,524,000
5,764,000
56,985,000

790.62
584.78
367. 72
434.36

20

278,086

159,619,000

60,866
67,977

35,099,000
75,894,000

576. 66
1,116. 47

Information as of June 27.




291, 741

150,560,000

516.06

2
1

83,684
68,752

29,054,000
75,245,000

347.19
1, 094. 44

152,436

104,299,000

684.21

5

128,843

110,993,000

861. 46

613
1

71,891,000
18,072,000
5,234,000
55,363,000

21

Total United States

97,859
33, 241
14, 757
145,884

10,409, 776

6, 693, 246,000

642.98

611

10,616,215

7,146,951,000

673. 21

8

5.00
4.00

Includes business of branches.

I

573. 99

4
1

3
5
6
7

._

4.00
4.13
4.43
4.58
4.17
4.40

582. 33

147
27
9
2
16
201

3.81
4.25
4.00
4.00

231,977
240,089
127,264
2,822,571
221,301
» 811,550

385

4.16
3.92
3.93
4.00
4.00

138
42
19
196
2 14
76

3

Washington
California
Total Pacific States

00
C

«Sept. 30,1924.

4.11
3.93
3.84
4.00
4.00

4.00
4.50
3.75
4.25

5.00
4.00

H
O

o
o
g
H
fcd
O

r*
w
o

o
d
w

S

Number of stock savings banks, number of depositors, individual deposits, and average deposit account, by States, June 30y 1924
1924
States^

Number Depositors
of banks

Deposits

1925

1925
Average
due each
depositor

Per cent
rate of in- Number Depositors
terest paid of banks

Deposits

Average
due each
depositor

Per cent
rate of interest paid

11

36,577

$16,922,000

$462. 64

4.00

11

37,069

$17,627,000

$475. 52

4.00

1
1
25

45,419
4,235
105,442

21,958,000
2, 086,000
29,505,000

483. 45
492. 56
279. 82

3.50
3.00
3.00

1
1
24

43, 027
4,139
100, 609

22,909,000
2,146, 000
32,848, 000

532.43
518. 48
326. 49

4.00
3.00
3.30

27

155,096

53, 549,000

345. 26

26

147. 775

57,903,000

391. 83

Florida

2

2 2,550

1, 333,000

522. 75

4.00

3

Michigan.
Minnesota
Iowa.. ._

4

21,035
20,296
2
983,400

12, 577,000
11,364,000
386, 787, 000

597. 91
559.91
393. 32

3.75
3.79
4.00

1, 024, 731

410, 728,000

400.82

2
1

1,956
1,202

1,271, 000
255,000

649. 80
212.15

3

483. 22

New Hampshire...

_

New Jersey
Pennsylvania..
....
District of Columbia

.

Total Eastern States

_„

_

v. 2
855

__

Total Middle Western States

861

Nebraska
Wyoming
New Mexico
Total Western States...
Oregon.. _
California..
Utah
Nevada
Arizona

.
.

Total Pacific States
Total United States

_
._

_

1, 713,000

328.16

4.00

14, 463. 000
11,949, 000
385, 500, 000

727. 95
2,956. 21
290. 50

3.75
4,25
4.00

831

1, 350,910

411,912, 000

304.91

15

15, 856

4, 348,000

274. 22

15

15,856

4,348, 000

3,158

1, 526,000

17,900
2, 237,781
68,426

8,982,000
1, 228,356,000
19,129,000

501. 79
548. 92
279. 56

4.00
4.00
3.81

12, 666
2,378, 082
56,402
3,400
16,352

364. 83
584. 25
358.98
1,104.12
410. 47

5

15,798

6,084,000

385.11

4.00

1,424, 727, 000

577. 54

3,923, 732 1,918, 230, 000

o
o

274. 22

4,621, 000
1, 389,393, 000
20, 247, 000
3, 754, 000
6, 712, 000

488. 88

4.00
4.00

59
6 69
3

6
6 71
3
1
5

86

2,339,905

1,262, 551,000

539. 57

86

990

3,562,017

1, 746, 609,000

490. 34

972

1 No separate returns received from stock savings banks in any other States.
2 Estimated.
8
Information as of May 1.




5,220

4
19, 868
2
4,042
3 825 * 1,327, 000

W

2,466,902

H
O

4.00

3.50
4.00
4.00
4.00
4.00

o

cj

* Estimated by superintendent of banks.
8
Includes trust companies.
6
Includes savings business of departmental banks.
OO

88

BEPOBT OF THE COMPTUOLIiER OF THE

Number of savings banks (mutual and stock) in the United States, number of depositors, amount of individual deposits, and average amount due each depositor
in years ended June 80, 1914, to 1925, inclusive.
Year

1914—Mutual savings banks..
Stock savings banks
1915—Mutual savings banks..
Stock savings banks
1916—Mutual savings banks..
Stock savings banks
1917—Mutual savings banks,.
Stock savings banks
1918—Mutual savings banks.
Stock savings banks
1919—Mutual savings banks.
Stock savings banks
1920—Mutual savings banks.
Stock savings banks
1921—Mutual savings banks.
Stock savings banks
1922—Mutual savings banks.
Stock savings banks
1923—Mutual savings banks.
Stock savings banks
1924—Mutual savings banks.
Stock savings banks
1925—Mutual savings banks.
Stock savings banks....

Banks

Depositors

1,466
630
1,529
622
1,242
622
1,185
625
1,194
622
1,097
620
1,087
623
978
619
1,066
618
1,029
613
990
611
972

Deposits *

8,277,359 $3,915,555,286
2,832,140
1,018,330,071
8,307,787
3,950,585,631
2,977,968
1,046,096,917
8,592,271
4,187,916,941
2,556,121
901,936,188
8,935,055
4,422, 489,344
2,431,958
996,165,031
9,011,464 4,422,092,991
1,049, 694, 890
4,751,300,000
1,152,127,000
2,486,073
9,445, 327 5,186,952,000
1,982, 229 1,351,242,000
9,619, 260 5,575,147,000
1,118, 583
442, 851,000
9,655,861 5,779,506,000
2,883,136
1,401, 742,000
10,057,436 6,288,551,000
3, 282, 897 1,609, 358,000
10,409,776 6,693, 246,000
1,746, 609,000
3,562,017
10, 616,215 7,146, 951,000
3,923, 732 1,918, 230,000

Average
due each
depositor
$473.04
359.56
475.53
351.28
487.40
352.85
494.96
409.61
490.72
443.27
530.94
463.43
549.16
681.68
579,58
395.90
598.55
486.19
625.26
490.22
642.98
490.34
673.21
488.88

i Dividends unpaid included.

PRIVATE BANKS

Private banks in the States of Texas, Michigan, and Iowa, are
not subject to State supervision, and incomplete returns from these
States account for a reduction in the number of such banks reporting
in the year ended June 30, 1925, of 37. The total resources of 523
private banks, June 30, 1925, were $155,223,000, an increase in the
year of $4,280,000.
Loans and discounts amounted to $79,667,000, an increase of
$4,151,000; overdrafts showed an increase of $302,000, and investments in bonds and securities, amounting to $35,155,000, showed an
increase of $104,000; banking houses, furniture, and fixtures, were
valued at $4,895,000, or $118,000 in excess of the amount a year ago,
and other real estate owned showed an increase of $655,000.
Balances due from correspondent banks and bankers amounted to
$22,645,000, and declined $1,354,000 in the year; checks and other
cash items increased $206,000; exchanges for clearing house increased
$45,000, and cash on hand was reduced $36,000. Other resources
showed an increase of $89,000.
Capital of $10,803,000, showed a reduction of $368,000 and surplus
and undivided profits of $10,402,000, showed an increase of $315,000.
Individual deposits (demand and time), amounted to $126,236,000,
and exceeded the amount June 30, 1924, by $5,717,000; balances due
to banks of $1,073,000 showed a reduction of $409,000, and other
deposit liabilities, a reduction of $20,000. The net increase in
deposit liabilities in the year, was $5,288,000.
Liabilities for money borrowed showed a reduction of $803,000, and
other liabilities, a reduction of $152,000.
Summary of the resources and liabilities of these banks follows:



REPORT OF THE COMPTROLLER OF THE CURRENCY

89

Summary of reports of condition of 528 private banks in the United States at the
close of business June 80, 1925
[In thousands of dollars]
RESOURCES

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real estate) __
On demand (not secured by collateral)
On time (secured by collateral other than real estate)
On time (not secured by collateral)
Secured by farm land
Secured by other real estate
Not classified

1, 187
993
5, 482
7, 355
4, 113
1, 656
58, 881

Total
79,667
Overdrafts
830
Investments (including premiums on bonds):
United States Government securities
5, 736
State, county, and municipal bonds „
967
Railroad bonds
440
Bonds of other public service corporation (including street
and interurban railway bonds)
560
Other bonds, stocks, warrants, etc
27, 452
Total
„ 35,155
Banking house (including furniture and
fixtures)
4,895
Other real estate owned
5, 307
Due from banks
19, 306
Lawful reserve with Federal reserve bank or other reserve agents
3, 339
Checks and other cash items,
647
Exchanges for clearing house
200
Cash on hand:
Gold coin
238
Silver coin
175
Paper currency
2, 241
Nickels and cents
29
Not classified...
1, 149
Total
Other resources

3,832
2, 045

Total resources

155,223
LIABILITIES

Capital stock paid in
_
•
10, 803
Surplus
.
8, 708
Undivided profits (less expenses and taxes paid)
1, 694
Due to all banks
1, 073
Certified checks and cashiers' checks
170
Individual deposits (including dividends unpaid and postal savings):
Demand deposits—
Individual deposits subject to check
42, 636
Demand certificates of deposit
12, 912
Dividends unpaid.
15
Time deposits—
Savings deposits, or deposits in interest or savings department
12, 681
Time certificates of deposit
21, 724
Not classified
36, 268
Total
126, 236
Notes and bills rediscounted
616
Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed)
2, 451
Other liabilities
3,472
Total liabilities



.

155,223

90

REPORT OF THE COMPTROLLER OF THE CURRENCY

ALL REPOBTIffG BANKS OTHER THAN NATIONAL

The combined resources of 20,769 reporting banks, other than national, June 30, 1925, amounted to $37,706,174,000, and exceeded the
reported amount, June 30, 1924, by $3,127,403,000.
Loans and discounts aggregated $21,033,083,000, and were $1,719,923,000 greater than a year ago; overdrafts of $40,907,000 showed a
reduction of $5,352,000, and investments in bonds and securities
of $9,669,669,000 showed an increase of $583,252,000.
Banking houses, furniture, and fixtures valued at $815,832,000
showed an increase of $52,729,000. Other real estate owned amounted
to $224,295,000, an increase of $34,497,000.
Balances due from correspondent banks and bankers, including
lawful reserve with Federal reserve banks of member State banks and
trust companies, aggregated $3,480,607,000, an increase in the year
of $400,307,000. Checks and other cash items showed an increase of
$74,536,000; exchanges for clearing house, an increase of $46,873,000;
and cash on hand, an increase of $25,400,000. Other resources totaled $807,501,000 and exceeded the amount June 30, 1924, by
$195,238,000.
The combined paid-in capital was $1,800,276,000, or $20,084,000
more than a year ago; surplus funds of $2,054,406,000 showed an
increase of $167,625,000; and undivided profits of $525,728,000, an
increase of $55,654,000.
Deposit liabilities aggregated $32,073,263,000, and were $2,721,528,000 more than in June, 1924. All deposit liabilities showed increases.
The increase in bank balances was $377,218,000; in certified checks
and cashiers' checks $24,083,000. The increase in individual deposits was $2,310,092,000; and in United States deposits $10,135,000.
Liabilities incident to paper rediscounted amounted to $94,025,000
and showed a reduction in the year of $34,477,000, and bills payable
of $352,270,000 showed an increase of $23,418,000. Other liabilities
of $806,206,000 showed an increase of $173,571,000.
Summary of the resources and liabilities of these banks follows:
Summary of reports of condition of 20,769 State, savings, private banks, and loan
and trust companies in the United States, Alaska, and insular possessions at the
close of business, June SO, 1925
[In thousands of dollars]
RESOURCES

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real
estate)
981,335
On demand (not secured by collateral)
254, 648
On time (secured by collateral other than real
estate)
.
618,951
On time (not secured by collateral)
1, 408, 404
Secured by farm land
193, 199
Secured by other real estate
1, 217, 338
Not classified
16, 359, 208
Total
Overdrafts



-

21, 033, 083
40,907

REPORT OF THE COMPTROLLER OF THE CURBENCY
Investments (including premiums on bonds):
United States Government securities
State, county, and municipal bonds
Railroad bonds
Bonds of other public service corporation (including
street and interurban railway bonds)
Other bonds, stocks, warrants, etc

91

1, 645, 395
472, 510
1, 007, 009
568, 701
5, 976, 054

Total
9, 669, 669
Banking house (including furniture and fixtures)
.
815, 832
Other real estate owned
224, 295
Due from'banks
2, 088, 561
Lawful reserve with Federal reserve bank or other reserve agents
1, 392, 046
Checks and other cash items
803, 933
Exchanges for clearing house
238, 666
Cash on hand:
Gold coin
21, 757
Silver coin
21, 333
Paper currency
269,920
Nickels and cents
1, 965
Not classified
276, 706
Total

591,681

Other resources

807, 501

Total resources

37, 706, 174
LIABILITIES

Capital stock paid in
1, 800, 276
Surplus
2,054,406
Undivided profits (less expenses and taxes paid)
525, 728
Due to all banks
1, 484, 509
Certified checks and cashiers' checks
138, 605
Individual deposits (including dividends unpaid and
postal savings):
Demand deposits—
Individual deposits subject to check
7, 129, 526
Demand certificates of deposit
422, 010
Dividends unpaid
16, 511
Time deposits—
Savings deposits, or deposits in interest or
savings department
13, 541, 975
Time certificates of deposit
1, 469, 335
Postal savings deposits
10, 136
Not classified
7, 821, 537
Total
30, 411, 030
United States deposits (exclusive of postal savings)
39, 119
Notes and bills rediscounted
94, 025
Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) _
352, 270
Other liabilities
_
806,200
Total liabilities




37, 706, 174

92

REPORT OF THE COMPTROLLER OF THE CURRENCY

The resources and liabilities of each class of reporting banks, June
30, 1925, are shown in the following statement:
Resources and liabilities of 20,769 State {commercial) banks, loan and trust companies, savings and private banks, June 30, 1925
[In thousands of dollars]
16,983
loan
State (com- 1,680 trust
and
mercial)
companies
banks

611
mutual
savings
banks

972 stock
savings
banks

523
private
banks

20,769
total
banks

RESOURCES

Loans and discounts
_.
Overdrafts
Investments (including premiums on bonds).Banking house (including furniture and fixtures)
Other real estate owned
Due from banks
Lawful reserve with Federal reserve bank or other reserve
agents
_.
Checks and other cash items
Exchanges for clearing house
Cash on hand
_.
Other resources
Total resources.. _

9,282,839
35,819

6,122, 785
3,722

4,183,071

1,364, 721
536

79,667
830

3,052,172

21,033,083
40,907

2,801,346

3,351,162

429,834

35,155

9, 669, 669

430, 278
144, 660
1, 243, 607

248, 221
46, 776
499,984

76,290
6,017
201,797

56,148
21, 535
123, 867

4,895
5,307
19,306

815,832
224, 295
2,088, 561

607,461
323,365
198, 869
357, 960
302, 208

749,109
467, 969
35, 017
160,105
430, 515

901
212
40,359
53,230

32,137
11,051
4,368
29,425
19, 503

3,339
647
200
3,832
2,045

1,392,046
803, 933
238, 666
591, 681
807, 501

15,979, 238 11, 565, 549

7,913,039

2,093,125

155,223

37, 706,174

643,451
723, 209

633,176

83,758
44,893

10, 803
8,708

159,036
871, 720

116, 523
4,265

21,487
958

1,694
1,073

1, 800, 276
2, 054,406
525,728
1,484,509

170

138, 605

1,918,230

126,236

30, 411,030

6,452
41

616

39,119
94,025

LIABILITIES

1,062,264
Capital stock paid in
644,420
Surplus
_
Undivided profits (less expenses
and taxes paid)
_...
226, 988
606,493
Due to all banks
Certified checks and cashiers'
95,845
checks
Individual deposits (including
dividends unpaid and postal
12, 682, 753
savings)
_
United States deposits (exclusive of postal savings)
16,926
59,124
Notes and bills rediscounted
Bills payable (including advances received from War Finance Corporation and certificates of deposit representing
money borrowed)
244, 782
339,643
Other liabilities
Total liabilities

15,979,238

41,307
8, 536,860

7,146,951

15, 741
34,244

95, 787
444,194

518
11,019

8,732
7,878

2,451
3,472

352, 270
806,206

11, 565,549

7,913,039

2,093,125

155,223

37,706,174

PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES OF ALL
REPORTING BANKS OTHER THAN NATIONAL, ON OR ABOUT
JUNE 30, 1920-1925
The principal items of resources and liabilities of reporting banks
other than national, for years ended on or about June 30, 1920, to
1925, are shown in the statement following:




93

REPORT OP THE COMPTROLLER OF THE CURRENCY

Consolidated returns from State (commercial), savings, private banks, and loan and
trust companies
[In thousands of dollars]
Items
Loans 1_._
Investments

1920

17, 263, 796
7, 201, 060
626, 027
Cash
_
1,478, 473
Capital
—
Surplus and undivided profits. 1, 853, 435
23, 609, 798
Deposits (individual)
29, 667, 855
Resources
1

1921

1922

1923

1924

16, 761, 088
7, 356, 842
572, 218
1, 630, 081
1, 930, 364
22, 438, 941
29,153, 528

16, 501, 393
7,984, 242
503, 711
1, 636, 734
2,090, 012
23, 929, 952
29, 719, 357

18, 459, 327
8, 602, 844
505, 993
1, 723, 476
2, 206, 818
25, 990, 735
32, 523,145

19, 359, 419
9, 086, 417
566, 281
1, 780,192
2, 356, 855
28,100, 938
34, 578, 771

1925
21, 073, 990
9, 669, 669
591, 681
1, 800, 276
2, 580,134
30, 411,030
37, 706,174

Including overdrafts.

RESOURCES AND LIABILITIES OF ALL REPORTING BANKS IN
EACH STATE, ALASKA, AND INSULAR POSSESSIONS

The combined resources of 28,841 reporting banks in the Continental United States, Alaska, and the insular possessions, June 30,
1925, were $62,057,037,000 and showed an increase in the year of
$4,912,347,000. The reduction in the number of reporting banks in
the year due to voluntary and involuntary liquidations was 507.
Loans and discounts amounted to $33,883,733,000, and exceeded
the amount a year ago by $2,456,016,000. Overdrafts showed a
reduction of $6,075,000. Investments in Government securities and
other miscellaneous bonds and securities totaled $15,400,113,000 and
exceeded the amount in June, 1924, by $1,171,368,000.
Banking houses, furniture, and fixtures were valued at $1,401,099,000 or $105,268,000 more than a year ago, and other real estate
owned amounted to $335,486,000, an increase of $41,058,000.
Balances due from correspondent banks and bankers, totaled
$6,774,392,000, and showed an increase of $653,299,000; checks and
other cash items of $954,177,000 showed an increase of $79,168,000;
exchanges for clearing house of $1,226,960,000 an increase of $109,599,000, and cash on hand of $951,286,000, an increase of $39,786,000.
Other resources showed an increase of $262,860,000.
Paid-in capital stock amounted to $3,169,711,000 and showed an
increase of $55,508,000; surplus funds of $3,173,334,000 exceeded the
amount a year ago by $205,975,000, and undivided profits of $1,007,439,000 showed an increase of $35,709,000.
Aggregate deposit liabilities were $51,982,932,000 or $4,283,360,000
greater than a year ago. With the exception of United States
deposits, which declined $5,082,000 in the year, all other deposit
liabilities increased. Balances due to banks of $4,370,909,000 increased $442,617,000; certified checks and cashiers' checks of $698,861,000 were increased $34,004,000 and individual deposits aggregated
$46,765,942,000, an increase in the year of $3,811,821,000.
Obligations for money borrowed on account of rediscounts amounted to $327,899,000 and exceeded the amount a year ago by $2,619,000,
and bills payable of $597,377,000 showed an increase of $124,678,000.
Other liabilities increased $285,690,000.
The population of each State, number of reporting banks, resources
and liabilities, and classifications of loans and discounts, investments,
cash, and deposits, June 30, 1925, with a recapitulation by classes of
banks, is shown in the following statement:




Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June, 1925

CO

[Includes national, State (commercial) banks, loan and trust companies, savings, and private banks]
Resources (in thousands of dollars)

Loans and
discounts,
States and Territories, etc. Population
including
(approxi- Numredisber of counts and
mate)
banks
accept-

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

778,000
452,000
355,000
4,205,000
647,000
1,535,000

Total New England
States
_

149
122
105
447
45
224

175,922
126,403
148,983
2,444,340
233,101
557,753

Overdrafts

145
32
68
360
10
212

Due from
banks

Lawful
reserve
with
Federal
reserve
banks or
other
reserve
agents

Checks
and
other
cash
items

1,002
114
1,226
2,973
1,306
4,240

15,366
8,799
8,940
143,546
9,522
36,484

5,078
3,372
2,252
132,689
18,412
11,865

472
567
463
20,045
470
5,082

Banking
house,
furniture,
and
fixtures

Other
real
estate
owned

207,512
129,448
68,481
444,294
223,239
451,830

5,558
4,076
2,569
67, 533
5,051
23,382

Investments

Exchanges
for
clearing
house

176
2
28,328
2,628
2,562

Cash on Other re- Aggregate
sources
hand

5,075
2,708
2,240
34,890
9,726
24,549

7,972,000

1,092

3,686, 502

817

2,124,804

108,169

10,861

222,657

173,668

27,099

34,319

79,188

11,650,000
3,740,000
9,200,000
233,000
1,595,000
479,000

1,128
509
1,652
58
245
44

8,512,236
1,130, 504
2,799,054
63,779
429,307
158,118

2,397
201
748
31
190

4,303,646
746,416
2,132,064
48,43(
29060)
, )
61,405 .

210,304
51,201
169,506
3,603
20,524
18,922

6,397
7,557
32,799
1,364
2,720
1,857

507,619
93,024
267, 547
2,915
44,202
19,624

966,172
66,782
317,099
6,252
41,439
8,123

727,233
6,289
21,581
173
2,991
2,657

746, 400
10,449
68,342
545
14,205
6,601

144, 216
35,613
96,682
1,732
10,070
5,636

Total Eastern States. 26,897,000

3,636

13,092,998

3,650

7, 582,573

474,060

52,694

934, 931

1,405,867

760,924

846,542

293,949

449,074
291
301,069
412
345,284 I
447
184,133
729
319, 948
569
335,176
173
205,858
157
151, 932
693
321,074
1,225
737, 691 2,067
174,874
563

69,708
59,759
36,139
31,062
41,118
101,413
42,784
40,768
50,269
158,524
25,969

19,274
17,539
17,606
8,058
16,476
12,520
8,554
5,136
22,718
42,794
7,011

4,548
2,485
3,417
4,922
9,015
2,049
3,750
1,942
4,744
17,541
4,414

48,303
33,564
49,295
27,690
53, 724
165,942
35, 364
33,574
51,847
146,520
40,599

15,635
7,828
6,573
4,469
17,935
15,868
7,309
3,498
16,453
93,725
7,729

3,410
943
1,654
1,355
1,472
7,165
2,409
656
3,994
4,718
1,625

2,551
1,649
3,089
1,084
4,645
2,157
590
631
8,488
7,802
169

10,570
9,084
10,083
4,860
8,700
14,660
8, 561
4,741

New York
New Jersey...*
Pennsylvania.
Delaware. _
_
Maryland
District of Columbia

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

_.

_
_
,___

2,440,000
1,565,000
2,795,000
1,800,000
3,031,000
1,095,000
2,440,000
1,791,000
1, 880,000
5,035,000
1,846,000




517
345
590
373
632
318
354
359
247
1,514
482

28,589
5,788

820
326
4,114
44,042
4,851
2,041

417,573
276,021
239,328
3,963,040
508,316
1,120,000

56,194

6, 524,278

520,019 16,646,639
15,579 2,163,615
54,558 5,959,980
1,351
130,181 t J
5,740
861,9ar# <
*
1,551
284,577
598,798 26,046,986
17,446
1,422
1,602
4,520
57760
1,212
1,721
4,987
9,309
18,667
1,511

640,810
435,754
475,189
272,882
479,362
658,335
317,057
248,538
498,604
1,258,638
270,252

Kentucky
Tennessee
Total Southern States.
Ohio
Indiana-.
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska.
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States.
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States...
Alaska,
The Territory of Hawaii
Porto Rico
Philippines
Total Alaska and insular possessions

2,487,000
% 409,000

609
550

355, 771
326,697

30,614,000

6,890
1,099
1,097
1,900
786
990
1,375
1, 624
1,558

88,827
46,148

12,398
18,056

2,172
4, 583

55,228
67,094

11,532
10, 923

1,900
6,059

3,285
1)645

9,756
9,197

4,208,581

741
886
8,953

792,488

208,140

65,582

808,744

219,477

37,360

37,785

1,763,908
615,396
2,486,760
754,802
601,825
629,905
800,203
901,252

812
725
1,885
540
611
890
1,466
932

601,692
187,322
870,911
832,534
211,180
302,006
104, 956
317,417

95,198
37,134
92, 720
57,679
26,702
23,105
30,249
33,231

16,003
8,044
15,035
7,536
6,867
21, 665
28,851
12,650

104, 636
105,985
463,461
149,867
40,140
112, 839
117,857
216,303

168,662
17, 519
203, 047
71,492
76, 659
35,445
17,847
35,229

4,723
7,479
15,347
12, 066
4,708
9,118
1,740
18,194

55,094
2,963
115, 056
30, 074
6,847
7,974
1,917
12,169

10,429

8,554,051

7,861

3,428,018

396,018 116,651

1,311,088

625,900

73,375

232,094

279, 599

682,000
667, 000
1, 344, 000
1,845,000
638,000
222,000
1,013, 000
380,000
2,240,000

658
526
1,087
1,279
235
96
334
66
773

117, 548
136,393
366,203
325,008
78,337
38,073
177, 918
21, 427
246, 756

237
559
1,378
931
486
79
343
22
633

35,166
26, 546
56,908
75,658
39, 364
10,990
92, 913
5,762
88, 527

6,100
6,104
14, 605
17,150
4,825
2,133
7,231
1,468
16, 761

9,713
9,239
15,328
9,232
3,468
865
2,963
742
6,178

9,292
30,418
94,061
92,962
22, 576
9,393
34,947
4,495
97, 597

14,949
3,632
15, 007
12,978
3,884
2,085
32,418
1,289
22,465

558
416
2,210
1,426
780
276
3,501
264
1,901

256
872
3,131
3,011
191
175
4,123
3,219

3,275
4,207
13, 697
11,281
5,773
2,291
9,769
1,376
9,119

1,021
1, 510
2,099
4,296
899
135
835
159
874

198,115
219, 896
584, 627
553, 933
160, 583
66,495
366,961
37,004
494,030

9,031,000

5,054

1, 507, 663 4,668

431, 834

76,377

57,728

395, 741

108, 707

11, 332

14,978

60,788

11,828

2, 681, 644

364
279
662
161
115
34
57

251,241
161,683
2,062, 757
50,317
100,191
25,083
45,554

212
324
2,190
100
339
96
89

128,918
81, 385
729, 733
19,093
28, 628
6,967
13,456

16,102
11, 726
95,425
3,002
3,897
1,480
2,126

3,504
2,712
15,383
2,191
3,277
501
3,071

34,180
28,606
243,063
10,444
15, 765
5,796
9,291

32,307
20,394
120,229
3,037
5,333
779
3,176

1,925
1,371
36,444
448
563
123
320

6,178
3,412
46, 626
134
1,515
110
452

10,075
7,914
54, 612
2,462
1,913
1,509
3,583

2,424
3,429
55, 239
672
679
234
978

487,066
322, 956
3,461, 701
91,900
162,100
42, 678
82,196

7,785,000

1,672

2,696,826

3,350

1,008,180

133,758

30, 639

347,245

185, 255

41,194

58,427

82,068

63,655

4, 650, 597

91,000
281,000
1,345,000
10,870,000

17
23
17
11

4,557
21
44, 772 1,287
60
32,985
54, 798 19,592

3,767
17,274
4,606
6,569

304
1,835
1,091
1,347

124
549
338
320

1,758
9,909
5,134
18,275

37

36

51
1,269
1,145
428

1,500
1,278

924
4,410
4,259
13,029

10
5,110
1,620
30,904

11, 553
86,415
52,774
146, 540

12, 587,000

68

137,112 20,960

32,216

4,577

1,331

35,076

36

2,893

2,815

22,622

37,644

297,282

6,255,000
3,075,000
6, 960, 000
4,105, 000
2,885, 000
2,578,000
2,513,000
3,434,000
31,805,000

1,487,000
840,000
3, 996, 000
485,000
493,000
77,000
407,000

Total United States,
Alaska, and insular
possessions
126, 691,000 28,841




33,883, 733 50, 259 15,400,113

1,401,099 335,486

4, 055,482 2, 718, 910 954,177

4,348
12,456

545, 958
503, 741

133,072

84,941

6,605,123

54,411
25,227
69, 076
33, 088
18,003
29,419
25,998
24,377

41,802
72,434
50,346
28,556
2,634
7,594
2,615
20,491

2, 906,941
L, 080,228
1,383,644
L, 978, 234
996,176
L, 179,960
L, 133, 699
1,592, 245

1,226, 960 951,286

226,472 15,251,127

1,079,532 62,057,037

Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June,

1925—Continued

CO

RECAPITULATION
Resources (in thousands of dollars)

States and Territories, etc.

National banks
State (commercial) banks.
Mutual savings banks
Stock savings banks
Trust companies
Private banks
Grand total...




Loans and
discounts
Num- including Overber of rediscounts drafts
banks and accept'
ances
8,072 12, 850, 650 9,352
9, 282,839 35, 819
611 4,183,071
972 1, 364, 721
536
6,122, 785 3,722
1,680
79, 667
523
830
28,841

Investments

5, 730,444
3,052,172
3,351,162
429, 834
2,801, 346
35,155

Banking Other
house, fur- real
niture, and estate
fixtures owned

Lawful reserve with Checks
Federal reand
Due from serve bank other Exchanges Cash on
for clearbanks
ing house hand
or other
cash
reserve
-items
agents

585,267 111, 191 1, 966,921 1, 326, 864 150,244
430,278 144, 660 1, 243, 607 607,461 323, 365
76,290
6,017
201, 797
901
56,148 21,535
123,867
32,137 11,051
248, 221 46, 776
749,109 467,969
4,895
3,339
5,307
647
19, 306

33,883,733 50,259 15,400,113 1, 401,099 335, 486 4, 055, 482 2, 718,910 954,177

Other

Aggregate
resources

1

272,031 24,350,863
302, 208 15,979, 238
53,230 7,913, 039
19, 503 2,093,125
430, 515 11, 565, 549
155, 223
2,045

o

1, 226,960 951,286 | 1,079,532 62,057,037

O

988, 294 359, 605
198,869 357, 960
212 40,359
4,368 29,425
35,017 160,105
200
3,832

E

m
a
cj

g
o

Liabilities (in thousands of dollars)

States and Territories, etc.

Capital
stock
paid in

Maine
New Hampshire _
Vermont
Massachusetts. __
Rhode Island
C onnecticut
Total New England States
New York
• New Jersey..
Pennsylvania
Delaware
Maryland
District of Columbia..
Total Eastern States.
Virginia
West Virginia. __
North Carolina_
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
* Reported by national banks only.




12,836
7,812
7,726
113,035
15,720

Bills payable (including
advances
Individual
Undivided Reserved
received
deposits
profits for taxes,
Certified (including
Notes
(less
checks dividends United and bills from War
Finance
interest, National
Other
and
States
Surplus expenses etc., ac- bank cir- Due to all
Corporaunpaid
redisand
cashiers'
deposits counted tion and liabilities
banks
crued i culation
and
taxes
checks
certificates
postal
paid)
of deposit
savings)
representing money
borrowed)
16,552
15,038
11,846
178,473
22,675
59,292

13,458
9,559
8,113
118,267
11,816
38,384

43
3,433
389
1,046

5,570
4,651
4,299
20,253
5,101
9,699

3,886
4,135
1,456
145,803
8,304
11,930

__

193,697

303,876

199,597

5,343

49,573

175,514

I

528,036

1,081,125
104,357
514,948
9,587
57,147
13,867

137,327
35,914
147, 647
4,939
13,556
6,112

17,249
1,189
6,031
31
665
258

65,374
20,602

1,768,340
31,270
354,059
4,973
45,567
14,102

1,017,065 1,781,031

345,495

25,423

96,107

320,007
9,323
40,214
23,378

57,880
34,805
36,946
25,060
46,336
25,997
17,130
32, 539

39,475
25,616
20,875
12,183
26,370
12,317
15,261
9,351
18,444

12,628
10,841
8,015
4,496
11,555
6,854
9,182
2,706
6,200

13
,
536
375
408
334
218
390

1,124
9,505
4,426

182,014 2,218,311
19,744
10,259
9,490
6,461
8,277
5,239
9,200
2,920
4,076

38,527
10,022
26, 692
10,616
46,400
72, 432
7,100
8,453
46,609

760
396
557
20, 687
1,989
1,740

355,332
230,063
200,443
3,243,612
433,564
952,984

26,129

255
399
105
',868
522
715

1,627
656
882
45,188
367
513

5,880
1,925
3,202
14,742
405
5,968

1,048
1,324
656
51,679
7,464
1,161

5,415,998

9,864

49,233

32,122

63,332

405,531 12,012,743
11,062 1,809,731
30,009 4,309,154
96,540
314
1,824
2,419
209,990

12,012
5,178
29,785
520
3,901
3,295

76,212
6,619
15,676
301
2,057
582

126,964
21,679
76,273
867
10,887
2,953

415,726
19,907
75,408
1,662
7,683
3,195

451,159

54,691

101,447

239,623

523,581

13,961
4,523
16,150
5,145
8,878
278
4,221
4,921
2,407

16,854
13,308
26,865
9,047
14,771
1,075
6,882
7,645
8,384

21,967
1,191
5,591
3,155
3,926
3,557
1,694
4,599
17,257

4,394
2,400
4,916
1,361
1,958
14,948
479
1,028
3,071

19,107,146
411,651
321,441
318,353
194,328
308,408
514,207
234,506
189,201
358,194

2,390
812
604
701
2,108
1,023
1,300
366
1,033

Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June,

1925—Continued

CO
00

Liabilities (in thousands of dollars)

States and Territories, etc.

Capital
stock
paid in

Texas
Arkansas
Kentucky
Tennessee

Eeserved
Certified
for taxes, National
interest, bank cir- Duo to all checks
and
etc., ac- culation
banks
cashiers'
crued
checks

Individual
deposits
(including
United
dividends
States
unpaid
deposits
and
postal
savings)

Other
liabilities

119,000
24,186
41,597
41,973

_

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

_ _

Total Western States




.

__

- __

22,695
4,604
9,543
2,641

1,645
117
1,311
600

39,635
3,757
15,851
13,187

118,043
19,868
30,145
26,445

12,000
1,693
5,538
1,121

863,690
194,027
386,905
366,390

7,866
338
590
707

5,507
3,412
2,418
4,408

10,780
7,152
5,044
6,668

8,531
1,523
18,500
16,692

290,141

111, 960

8,294

148,096

461,352

54,907

4,661,301

19,838

76,229

134,475

108,183

175,726
79,413
254,072
96,812
62,309
68,458
78,881
123,672

.

49,246
9,575
28,516
22,912

530,347

Total Southern States...
Ohio
Indiana
Illinois _._
Michigan
Wisconsin
Minnesota
Iowa._
Missouri

Surplus

Undivided
profits
(less
expenses
and
taxes
paid)

Bills payable (including
advances
received
irom War
Notes
and bills Finance
redisCorporacounted
tion and
certificates
of deposit
representing money
borrowed)

125,422
38,963
174,985
72,582
30,771
35,282
35,572
63,506

45,488
19,533
99,480
26,086
17,482
11,398
14,935
26,928

1,488
457
6,321
1,180
1,225
2,754
615
1,552

40,826
25,074
30,483
13,637
14,360
14,774
17,744
16,884

125,314
50,002
449,286
57,006
48,735
97,957
54,037
153,842

19,065
5,531
42,759
11,921
4,922
14,743
2,721
12,345

2,271,164
770,647
3,225,451
1, 596,308
797, 534
916, 268
894,315
1,140,647

13,553
1,768
4,866
10,809
2,408
3,429
1,109
2,992

14,391
9,026
16,403
7,550
5,169
2,512
6,998
5,389

23,302
9,487
22,361
27,928
5,352
8,864
17,974
19,617

51,202
70,327
57,177
56,415
5,909
3,521
8,798
24,871

939,343

577,083

261,330

15,592

173,782

1,036,179

114,007

11,612,334

40,934

67,438

134,885

278,220

15,221
14,311
40, 254
44,556
12,800
4,685
19, 671
3,460
34, 844

5,843
5,915
15, 595
22,901
4,413
2,558
12, 735
1,249
8,712

711
684
5,223
6,743
1,574
565
4,165
211
2,990

20
103
874
502
81
36
735
5
358

4,319
2,879
8,434
9,961
2,486
1,738
5,527
1,113
8,525

4,791
9,355
67, 001
42, 460
6,886
2,392
26, 323
947
47,484

1,472
1,438
2,685
3,490
1,393
470
4,456
468
6,950

160, 512
178, 446
438, 553
413, 911
128, 222
53. 249
289,146
28, 575
376,562

211
344
524
1,284
233
116
669
133
1,047

604
2,094
1,012
3,559
586
359
1,489
523
4,627

4,332
3,863
3,202
1,523
1,507
325
1,488
293
1,175

79
464
1,270
3,043
402
2
557
27
756

189, 802

79,921

22,866

2,714

44,982

207, 639

22, 822

2,067,176

4, 561

14,853

It, 708

6,600

29,948
23, 788
189, 255
7,042
11, 603
3,096
5,304

12,156
9,681
98,060
2,522
5,787
1,20?
2,887

4,857
4,522
47, 692
739
1,694
389
919

669
264
1,328
82
279
49
31

9,402
3,349
30, 282
2,358
2,391
1,198
567

28,418
17,475
194,049
2,105
10,879
1,756
2,302

6,450
2,870
15,339
836
1,417
787
1,142

382, 468
252, 797
2, 803, 910
72,082
112, 292
33, 780
66, 221

2,534
292
11, 768
130
34
93
115

2,701
2,951
7,873
1,502
1,338
36
591

3,644
2,662
23, 648
2,233
1 928
155
1,513

3,819
2,305
38,497
269
12,458
130
604

270,036

132,302

60,812

2,702

49, 547

256, 984

28,841

3, 723, 550

14,966

16, 992

35, 783

58,082

830
8,006
8,310
12, 275

260
4,104
1,296
3,320

184
1,801
879
2,515

1
9

50
450

107
1,598
1,237
11,988

45
309
354
288

9,674
64,129
36, 729
67, 905

389
1,455
522

6
77
1,624

121
15
2,645

7
4,356
1,808
45, 604

29,421

8,980

5,379

10

500

14, 930

996

178,437

2,366

1,707

2,781

51, 775

Total United States, Alaska, and in3,169, 711 3,173,334
sular possessions

1,007,439

60,078

648,494

4,370,909

698,861

46,765,942

147, 220

327,899

597,377

1,089,773

Washington
Oregon
California
Idaho
Utah .
Nevada
Arizona

_

__„

Total Pacific States
AlaskaThe Territory of Hawaii
Porto Rico
Philippines

__

Total Alaska and insular possessions.__

H
Hi

O
RECAPITULATION
National banks
State (commercial) banks _
Mutual savings banks
Stock savings banks
Trust companies
Private banks
Grand total-




1,369,435 1,118,928
1, 062, 264
644, 420
633,176
83, 758
44, 893
643,451
723, 209
10,803
8,708

481, 711
226, 988
116, 523
21,487
159, 036
1,694

60,078

3,169, 711 3,173,334

1,007, 439

60,078

648,494

o
2,886,400
606, 493
4,265
958
871, 720
1,073

648, 494 4, 370, 909

560, 256 16, 354,912
95,845 12, 682, 753
587
7,146, 951
696
1,918, 230
41,307
8, 536, 860
170
126, 236

108,101
16,926

233,874
59,124

6,452
15, 741

8, 861 46, 765,942

147, 220

41
34, 244
616

245,107
244, 782
518
8,732
95, 787
2,451

283, 567
339, 643
11, 019
7,878
444,194
3,472

327,899

597, 377

1, 089, 773

a

o

CD

Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June,

1925—Continued,

O
O

[In thousands of dollars]
Loans and discounts

States and territories, etc.

Maine
New Hampshire
_
Vermont
Massachusetts
Rhode Island
Connecticut
_.
Total New England States.
New York
New Jersey
Pennsylvania
Delaware
_
_
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas.._
_
Arkansas
Kentucky
Tennessee
Total Southern States




On demand, secured by
collateral
other than
real estate

On demand,
not secured
by collateral

On time,
secured
by collateral other
than real
estate

1C, 178
8,783
4,229
226, 511
17,902
27,041
294, 644
755,497
210, 879
684, 680
18,863
82,214
51,375

7,722
5,879
5,883

10,657
4,110
3,721

76,409
5,382
10,199

35,626
29, 955

111,474 1

323,357

80, 960

555,908
64,731
325,429
6,182
58,001
14,909

12,321
7,486
6,975
4,376
7,298
21, 594
7,515
565
6,731
72,185
2,035
16,320
5,053
170, 454

253, 612
3,893
25,280
6,106
433, 790

1,025,160

3,997

71,213
31,318
78,291
30,506
33,729
41,283
29,284
16,055
17,867
278,296
16,672
37,900
37,731

82, 707

720,145

10, 338
4,437
7,074
2,748
4,778
3,168
3,093
560
4,704
27,814
1,014

On time,
not secured by
collateral

31,758
16,832
15,968
581,382
82,934
74,388
803,262
1,166,936
465,863
1,032,272
17,093
158,734
55,309
2,896,207
162,011
79,308
207,017

Investments

Secured
by farm
lands

Secured
by other
real estate

1,214
302
1,082
1,449
7
272

4,435
71,402
91,833
182,976
91,082
7,980
449,708
36,891

4,326

6,325
3,413
16,196
2,506
2,163
231
30,834

469,889
15,238
14,676
29,604
874,366

69,358
69,288
53,461
23,342
39,821
287,722
31,966
97,438
97,170

5,285
1,207
2,918
4,121
5,581
1,372
3,399
2,941
3,070
28,519
3,429
5,245
2,616

2,853
1,742
31,605
1,853
3,990
3, 623

1,254,171

69, 703

73,882

7,789
4,885
2,760
2,683
2,862
4,539

Not
classified

109,958
19,095
26,267
1,136,325
168
407,918
1, 699, 731
5,909,719
13, 611
16,976
4
584
6,029,133
180,117
172,428
40, 249
103,430
196,342
193, 932
106,408
105, 616
247,139
11,550
117,905
185,896
176,507
1,837, 519

United
States
Government securities

46,706
32, 746
17,099
456,518
70,129
81, 676
704,874
654,451
159,210
592, 690
7,002
76,474
25,270
1,515,097
31,405
24,967
23, 549
11,378
19,179
22,087
16, 769
10,043
16,170
114,509
15,965
26, 350
17,977
350,348

State,
county,
and municipal
bonds

7,936
5,078
3,437
8,169
9,292
29, 680
63,592 j

Railroad
bonds

Bonds of
other
public
service
corporations (including
street
and interurban
railway
bonds)

24,931
24, 429
5,175
261,270
36,836
115,336

40,970
35,813
28,203
132,994
72,338
27,385

Other
bonds,
stocks,
warrants,
etc.

31,382
14,567
185,343
34,644
197,753

467,977

337,703

550,658

131,747
116,075
137,769
6,332
26,015
2,253

214,287
227,371
533,230
13,074
79,146
9,019

3,199,525
165,176
631,413
12,414
66,457
17,425

420,191
4,329
1,229
4,337
2,111
1,033
14, 528
4,370
7,736
1,739
10, 524
1,863
2,976
2,455

1,076,127
2,794
1,772
53
1,157
680
5,747
2,717
752
40
2,197
538
4,261
620

103,636
78,584
236,962
9,614
42,516
7,436
478,748

4,092,410

1,752
2,635
96
656
412
6,153
1,106
395
117
3,208
57
3,058
757

29,428
29,156
7,775
16,089
19,814
52,898
17,822
21,842
32,203
27,560
8,072
52,182
24,339

59,230

23,328

20,402 1

339,180

81, 623
7, 526
226,979
17, 523
36,146
53, 218
9,872
57, 724

58,290
10,408
60, 520
4,900
31,579
21,769
12,041
24,600

93,911
42, 709
187,902
91,327
108,758
86,836
51,899
110,544

211,400
144,814
447,947
150,844
304,777
151,029
138,052
135, 648

11,495
10, 539
16,223
6,320
104,337
22,077
26,125
4,110

26,242
9,375
8,096
20,983
7,163
7,800
5,853
4,269

1, 280,947
390,025
1,539,093
462,905
9,065
287,176
556,361
564,357

197,835
73,134
354,172
46,404
66,223
117,430
44,644
51,134

128, 321
9,865
142,366
31, 749
33,113
19,436
5,826
22,817

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

490,611
1,645
1,232
13,054
173,744
10,028
1.285
8,864
540
15, 668

224,107

773,886

1,684, 511
17,166
20,311
160,513
58,503
21,692
11,215
46,620
8,923
76,615

89,781
2,055
1,209
11,562
3,117
6,949
778
2,421
1,528
5,254

950,976
17,961
10,925
26,276
35,284
19,060
6,605
43,433
4,440
46,224

393, 493

20,518
17,779
100,870
45,321
29,428
18,743
61,913
8,482
87,558

201,226
8,372
5,241
29,977
38,202
2,782
1,886
6,347
1,198
7,134

5,089,929

2,462
850
19,248
6,020
7,421
543
1,771
581
6,281

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

226,060
10, 553
5,159
83,346
1,092
5,925
9,517
5,421

45,177
5,604
8,562
52,789
637
2,159
3,174
1,160

390, 612
43,868
25, 659
123,999
10,965
27,834
3,573
12,902

421, 558

101,139
4,059
3,436
14,485
2,949
7,574
3,972
4,342

34, 873

288,244
98,451
71, 563
1, 506,090
19,905
1,459

210,208
43,927
37,669
333,990
6,758
9,875
3,230
6,105

55,554

2,446
2,051
15,747
625
25,364
2,144
6,306

121,013

248,800
79
8,360
5,762
3,275

40,817
3
289
690
52

54, 683

1,(597,875
2,384
367
193
45,054

441,554

26
13, 630
2,577
2,540

74,085
251
4,696
4,199
262

18,773

9,408

17,476

21,460

1,034

20,963

47,998

3,125,063

980, 748

3,499,436

7, 540,722

449,079

1,598,256

16,690,429

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

-

_

.

Total Pacific States
Alaska
The Territory of Hawaii
Porto Rico
Philippines
Total Alaska and insular possessions
Total United States, Alaska,
and insular possessions

86,260
45,253
266,301
14,144
29,876
2,703
15,016
459, 553
783
2,259
16,860
1,558

1,031
15,171
2,704
2,057

65,330
89,771
30,979
101
37
3,623
49,982
175
48,246

407

17,811
8,371
14,969
10,228
12, 522
12,954
2,328
7,336
86, 519
976
576
4,477
412
714
309
4,192
45
379

190,711
2,076
1,183
3,739
362
926
435
4,641
61
1,185

12,080
4,789
2,323
4,299
27
1,685
175
377

14, 608
3,935
1,468
9,883
217
2,770
181
797

139,384

12,441
10,248
39,579
781
4,441
1,460
1,992
70,942
554
2,594
1,040
20

13,675
221
678
120
234

19, 251
284
2,158

462,758

9,105

4,208

1,253

2,517

15,133

4,182,162

1,067,210

1,680, 959

1,063, 940

7. iO5,842

2, 536, 767
525,233
603, 750
161,532
349,144
5,736

594,700
221,495
156,488
5,246
88,314
967

673,950
68,589
634, 512
11,567
291,901
440

495,239
145,055
233, 568
7,529
181, 989
560

1,429,788
2,091,800
1,722,844
243,960
1, 889, 998
27,452

4,182,162

1,067,210

1, 680,959

1,063,940

7,405,842

1,926
5,652
1,308
219

1,502
686
5,955
16,005
1,935
779
15,707
368
12,617

12, 727
10,356
98,040
12, 782
35,996
7,739
7,017
6,054

75

244,998
85,596
261,364
731,371
63,326
144,447
45,141
230,076
1,806,319
12, 651
13,176
16,461
23,595
16,729
2,862
24,940
848
28,122
63,826
29,677
341, 982
11,310
9,857
1,921
4,185
782
6,192
9. 13S
fi' O^T

RECAPITULATION
National banks
State (commercial) banks.
Mutual savings banks
Stock savings banks
__
Trust companies
Private banks
Grand total.




2,143,728
284,743
4,399
7,063
683,943
1,187

726,100
84, 693

3,125,063

1,156
167, 806
993

2,880,485
303,840
7,241
8,191
294,197
5,482

6,132,318
586,475
6,998
14,119
793,457
7,355

255,880
165,496
520
4,717
18,353
4,113

380,918
152,243
349,405
32,857
681,177
1,656

980, 748

3,499,436

7,540, 722

449,079

1,598,256

331,221
7, 705,349
3, 814, 508
1,296, 618
3,483, 852
58, 881
16, 690, 429

Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June,
[In thousands of dollars]
Cash

Maine. _
New Hampshire ._
Vermont
Massachusetts. .
_
_
_
Rhode Island
Connecticut
Total New E ngland States
New York
New Jersey
Pennsylvania. _ _
_
_. ...
Delaware
Maryland
District of Columbia
. _
_
Total Eastern States

Gold
coin

.__

81
107
62
445
615
200

Silver
coin

150
174
92
1,345
477
411

Deposits
not classified

2,649

33,812

1,200
1,609
5,829
66
444
120

3,274
2,167
7,019
133
866
241

106,118
31, 516
83, 380
1,517
8,675
5,126

265
454
16
5
149

9,268

13, 700

236, 332

889

5, 267
3,094
8,207
4,040
2,601
4,976
3,137
3,737
6,946
22, 851
4,562
3,206
3,421

61

Individual
deposits
subject
to check

3,060
769
1, 213
16, 951
70S
18, 455

67,239
37,304
26,141
1, 213, 309
126,137
270,839

2,292
1,594
898
14,352
6,065
3,504

307
184
271
2,805
162
891

263, 619
188,806
172, 585
1, 890,126
282, 510
671, 371

1,914
1,425
434
72, 272
18,040
4,720

41,156

1, 740, 969

28, 705

4,620

3,469,017

98,805

33, 624
56

2,485,134
744, 540
2,028,883
46, 268
272,621
123,157

15, 602
17,067
24,626
1
374
1,249

4,478
2,955
8,308
188
1,185
353

4, 290, 447
1.021,917
1, 964, 216
49,094
377, 776
74, 327

83, 526
14, 377
213,958
834
7,514
4,754

33, 760

5, 700, 603

58,919

17, 467

7, 777, 777

324,963

27, 840

5,199, 577

5,863
5,039

61

1,510

_
_

V
Savings deV
Demand
posits or
Divicertifi- dends un- deposits in T i m e cercates of
interest or tificates of
paid
deposit
deposit
savings department

Cash not
classified

4,155
5,478

Paper Nickels
currency and cents

1,784
1,658
873
16,149
7,865
5,483

Time deposits

D e m a n d deposits

V'

States and Territories, etc.

1925—Continued

180,014
162, 354
159, 226
79, 591
159,879
340,030
137,864
75,415
213, 795
636,282
95, 223
205,048
75, 212

8,048
2,674
10,849
793
14, 302
1,280
1,346
1,369
4,763
11,599
8,245
1,353
133,092

2,068
1,127
787
554
710
588
307
233
882
1,694
258
575
459

155, 589
99, 618
85,063
81, 663
86,142
108, 709
86, 239
41, 619
94, 533
108, 686
36, 964
80, 808
124, 322

61, 397
50, 767
57,147
29,600
45,478
38, 568
6,575
40, 476
28; 515
54, 830
28,070
35, 943
30, 651

173
213
61
172
137
932
292
44
121
1,078
192
519
122

4,362
4,688
5,220
1,955
1,760
24,100
1,883
30,045
15, 585
49, 521
25,075
62, 659
2,532

80

Postal
savings
deposits

99
282
76
4,793
650
1,078

H
O

19,862
468
38
45,955
581

Q
O

6, 978

66,904

K

13, 390
2,667
10, 302
147
495
839

5,120,166
6,208
58,861
8
9,023
5,311

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

383
196
570
155
155
128
293
245
357
1,356
333
253
218

765
316
1,306
665
428
392
464
759
1.1.80
4,088
893
434
519

4,642

12, 209

76,045

156

40,020

2, 519,933

199, 713

10, 242

1,189, 955

508,017

4,056

229, 385

Ohio
Indiana
Illinois.

3,201
940
3,791

3, 645
1.021
6,430

46,973
9,238
58, 855

512

80
14,028

818,994
359, 509
1,760,851

40,089
113,186
61.194

3,120
1,208
6,547

982, 351
210, 074
1,057, 172

179, 205
48, 764
251,013

2,442
611
3,465

244,903
37, 295
85, 209

_ _
_




_

5,516
9,164
4,667
156

138

I

O

E
o
H

w
o

cj

Q

Michigan- _

Wisconsin...
Minnesota.
Iowa
Missouri...
Total Middle Western States
North DakotaSouth DakotaNebraska.
Kansas.
Montana..

477
,807
506
597
352
11, 671

695
1,962
1,195
1,112
717

7,130
14,014
7,113
6,335
5,168

16, 777 | 154,826

83
75
266
962
395
146
1,834
51
274

355
312
610
2,232
1,712
'297
1.028
212
1.151
7,959

32,449

390
585
6,794
86
413
259
319

Total Pacific States.

8,846

4,735 j 23,231 j

Alaska
The Territory of Hawaii.
Porto Rico..
Philippines
__

150
135
209
97

Total Western StatesWashington..
Oregon.
California.,..
Idaho
Utah
Nevada
Arizona

940
1 129
,
839
343
656

95, 583

4,114, 381

2S4. 305

14 782

171, 807
252, 718
244, 222
442, 529
61,317

39,853 j
199, 263
289,936

89, 287 !
27,556

1,203
1,078
2,373
1,377
1,359

3, 422, 190 1,124, 937 ) 13,5

40,614

58,917

2,425
16,281

993,070

4,115
4,140
35,701
1,276
13

149,280
127,970
1,007,298
38,165
46,670
14, 759
36, 580

147, 951
83, 057
1. 513, 378
12,117
50, 709
15,674 I
20,376

27, 511
20,883
30,350
12,056
9,874
1,543
5,417

45, 245

1,420,722

1,873,262 j

107,634 j

687
3,735
3,528
8,439

10
202
37
4, 412

5,06G
27, 589
20,850
20,018

3,42i I
24,011
11,843
8,617

420
6,979
1,667
9,680

4, 661

73, 523

47,892

18, 746

50,739

18,008,576

2, 747,034

77,784

1,277,699
1,264,818
400
5,846
176, 547
21,724

67,648
4,807
5,186

3,666,984
345
109,752
4,008,188

2,747,034 |

77,784

8,656,620

573,084

11

1,965

276, 706

9, 525
91,614
3,196
34,451

1,148 i

16, 563,201

228, 483

82,859
88,027
185,058
108,826
28,474
10,315
22,758
3,767
33,848

!
!
I
j
|
I
I
I
|

2, 637,331

54, 825
67,487
199,465
235, 259
63,075
26,449
150,939
16, 750
178,821

i3 i

12, 624
13,467
27, 708
12, 736
23,162

1,168, 666
23,605
49,516
225, 563
802, 574

16,389

75
330
420
63

Total Alaska and insular possessions...;
Total United States, Alaska, and j
insular possessions
j

14, 879
23,242
10, 436
12, 384
9,395

1, 563
2,414
9,879

742

985 I 4.585
574
2,615
1,985 | 10,132
248 '
852
392
1,108
166
1,083
385
2,856

Wyoming..
Colorado...

New Mexico.
Oklahoma...

198, 960
296, 499
318, 946
122, 832
237, 790

24, 781

1,274
1,406
2,942
8,037
3,066
1. 840
6,907
1,108
5,269

4,086 j

20, 605
17, 949
18,140

220

372
647
399
913
3,943
1,039
1,904
269
1,797

4,706
4,315
10,200
32,611
6,472
4,530
15,131
3,178
119,778

563,932 i 11,283

200,921

6,039
1.922
].; 590
1,366
578
240
638

48,066
13, 748
213,202
6,444
2,871
1,148
2,823

12,373

288,302

636
22

26
4,750
685
28,739
34,200
8,656,620

RECAPITULATION
National banks.._
State (commercial) banks _
Mutual savings banks
Stock savings banks
Trust companies
Private banks
„._
Grand total.




18,857
13,244
996
3,054
4,225
238

37,584
15,511
68
13
5,566
175

303,164
167,794
3,874
1,196
94,815
2,241

1,122
15
64
735
29

160,289
35,406
25,098
54,764
1,149

9,433,675
4,447,178
7,096
17,101
2,615,515
42,636

239,978
342,678

34,228
9,952

646
65,774
12,912

74
6,470
15

4,466,601
2,946,336
7,139,110
1,784,668
1,659,180
12,681

40,614

58,917

573,084

1,965

276, 706 16,563,201

661,988

50, 739

18,008, 576

104

REPORT OF THE COMPTROLLER OF THE CURRENCY

SUMMARY OF THE COMBINED RETURNS FROM ALL REPORTING BANKS IN THE UNITED STATES, ALASKA, AND INSULAR POSSESSIONS, JUNE 30, 1925

Condensed statement of the resources and liabilities of all reporting
banks, June 30, 1925, follows:
Summary of reports of condition of 28,841 reporting banks in the United States,
Alaska, and insular possessions at the close of business June SO, 1925
[In thousands of dollars]
RESOURCES

Loans and discounts (including rediscounts):
On demand (secured by collateral other than real
estate)
3, 125, 063
On demand (not secured by collateral)
980, 748
On time (secured by collateral other than real
estate)
3, 499, 436
On time (not secured by collateral)
7, 540, 722
Secured by farmland
449, 079
Secured by other real estate
1, 598, 256
Not classified
16? 690, 429
TotalOverdrafts
Investments (including premiums on bonds):
United States Government securities
State, county, and municipal bonds
Railroad bonds
Bonds of other public service corporations (including street and interurban railway bonds)
Other bonds, stocks, warrants, etc

33, 883, 733
50,259
4, 182, 162
1, 067, 210
1, 680, 959
1, 063, 940
7, 405, 842

Total
Banking house (including furniture and
fixtures)
Other real estate owned
Due from banks
Lawful reserve with Federal reserve bank or other reserve agents...
Checks and other cash items
Exchanges for clearing house
Cash on hand:
Gold coin
40, 614
Silver coin
58, 917
Papeir currency
573, 084
Nickels and cents
1, 965
Not classified..
276, 706
Total

15,400, 113
1, 401, 099
335, 486
4, 055, 482
2, 718, 910
954, 177
1, 226, 960

951,286

Other resources

1, 079, 532

Total resources

62, 057, 037
LIABILITIES

Capital stock paid in
Surplus
.
Undivided profits (less expenses and taxes paid)
Reserved for taxes, interest, etc., accrued
National bank circulation
Due to all banks
Certified checks and cashiers' checks



3, 169, 711
3, 173, 334
1, 007, 439
60, 078
648, 494
4, 370, 909
698, 861

REPORT OF THE COMPTROLLER OF THE CURRENCY
Individual deposits:
Demand deposits—
Individual deposits subject to check
Demand certificates of deposit
Dividends unpaid
Time deposits—
Savings, deposits,, or deposits in interest or
savings department
Time certificates of deposit
Postal savings deposits
Not classified

105

16, 563, 201
661, 988
50, 739
18, 008, 576
2,747,034
77, 784
8, 656, 620

Total
46,765,942
United States deposits (exclusive of postal savings)
147, 220
Notes and bills rediscounted
327, 899
Bills payable (including advances received from War Finance
Corporation and certificates of deposit representing money borrowed)
597,377
Other liabilities
1, 089, 773
Total liabilities

62,057,037

INDIVIDUAL DEPOSITS IN ALL KEPORTING BANKS

The total individual deposits of all reporting banks, including
demand, tinie, and postal savings deposits, but exclusive of United
States deposits, were $46,765,942,000, June 30, 1925, and showed an
increase in the year of $3,811,821,000.
Individual deposits subject to check showed an increase of $1,501,257,000; demand certificates of deposit, an increase of $124,065,000;
dividends unpaid, an increase oi $374,000; savings deposits, an
increase of $1,627,862,000; time certificates of deposit, an increase
of $112,946,000; postal savings deposits, an increase of $2,417,000;
and deposits not classified, an increase of $442,900,000.
Classification of the deposits of each class of reporting banks
follows:
Individual deposits in each class of banks June 30, 1925
[ID thousands of dollars]

Number
of
I banks

Demand DiviIndicervidual
Savings
deposits tifi- dends deposits
unsubject cates paid
to check of deposit

Time Postal
certifi- sav- Deposits
not
cates of ings classified
dedeposit posits

Total

State (commercial) banks... 16,983 4,447,178 342,678 9,952 2,946,336 1,264, 818 4, 807 3, 666,984 12, 682, 753
1, 784,668
5,846
143 109,752 1,918,230
972
17,101
646
Stock savings banks
7,139,110!
400
345 7,146,951
611
7,096
Mutual savings banks
Loan and trust companies.. ,680 2,615, 515 65,774 6,470 1, 659,180| 176,547 5,186 4,008,188 8,536,860
12,681! 21,724
15
36,268 126, 23§
523
42, 636 12,912
Private banks
Total
National banks..
Grand total
1

!,
20,769 7,129, 526 422,01016, 51113, 541,975|l, 469,33510,136 7,821,537 30,411,030
'
8,072 9,433,675 239,97834,228' 4,466,601 j 1,277,699 67,648 835,083 16,354,912
28,84116,563,201 661,988 50, 739 18,008,576J2,747,034 77,784|8,656,620 46,765,942

Reported as other time deposits.




106

BEPOBT OF THE COMPTROLLER OF THE

RESOURCES AND LIABILITIES OF ALL REPORTING BANKS,

The principal items of resources and liabilities of all banks other
than Federal reserve banks> for the six years 1920 to 1925, are shown
in the following statement:
[In thousands of dollars]
Clarification

1920(30,139 1921 (30,812 1922 (30,389 1923 (30,178 1924 (29,348 1925 (28,841
banks)
banks)
banks)
banks)
beaks)
banks)

RESOURCES

Loans and discounts, (ineiwiing rediscounts) 1
31,208,142 28,932,011 27,860,443 30,416. 677 31,427,717
Overdrafts
109,186
81,849
74,600
57,982
66*334
11,387, 526 11,381,923 12; 547, 567 13,672,547 14,258,745
Investments'Due from2 other banks and
bankecs
5,833, 241 4, 794, 205 5, 414, 241 5,597,15$ 6,121,093
Real estate, furniture, etc.3
1,000,976
1,147, 521 1,276,631 1,432,217 1,590,259
Checks and other cash items *.. 1,457, 778 1,290, 667 1,574, 608 1,196,075 1, 992,370
Cash on haoiL _._
1,03^,378
946,567
829; 892
797»iai
911,580
Other resources __
' 1,005,88? 1,096, 647
816, 672
847,385
865, 282
Total

, 53,079,108 40,671^390

50,425,367

54,034,911

3^883,733
50,259
16,400,113
6,774,392
1,736, 585
2,181,137
951,286
1,079, 532

57,144,690

62,057,037

I 2,702,eaff
2,903,961 2,943,960 3i.052r367 3,M4»203
Capital stoek paid i n _
2,410, 346 2,542,032 2,697,409 2,799*494 2,967,359
Surplus fund
983,843
954, MS
Undivided profits..
910, 743
971,730
976, 261
BeservecL for taxes, interest,
etc., accrued 8
CirciiktLoii (national b a n k s ) . .
688,178
725,748
704>I47
720,,001
729,686
Certified checks and cashiers'
358,110
664,857
514,862
552,666
checks
..
.
614,583
Individual deposits _
„ 37,315,123 34,844,572 37,194,31& 40,034^195 42,954,121
152,302
United States deposits
175, 788
390,230
128,887
238,439
Due* tc* other banks and
bankers
, 3,.208r302 2,809,414 3,244,386 3,610,211 3,928,292
4,587,609
3,951,70& 2,004,321 % 267,949 1,662,140
Other liabilities •

3,169,711
3,173,334
1,007,439

LIABILEBIH&

Total

53,079,108

49, 671,390

50,425,-387' 54,034,911

57,144,690

60,078
648^494
698,861
46,765,942
147,220
4,370,909
% 015,049
62,057,037

1 Includes acceptances reported by national banks.
2
Includes lawful reserve with Federal reserve banks.
* Includes real estate owned other than banking house.
* Includes exchanges for clearing house.
• Reported by national banks only.
• Includes bills payable and rediscounts.

ASSETS AND LIABILITIES OF ALL BANKS, INCLUDING FEDERAL RESERVE BANKS

The total resources of 28,853 banks, including the 12 Federal reserve banks, amounted to $66,806,496,000, June 30, 1925, and showed
i n inefease in the year of $4,871,025,000.
Loans and discounts were increased in the year $3*1§3>627,,0O©,
and investments in United States Government and other bonds and
securities were increased $1,066,183,000.
Capital stock amounted to $3,285,272,000, exceeding the amount
a year ago by $59,649,000, and surplus funds and undivided profits
showed an increase of $238,606,000. Total deposit liabilities showed
an increase in the year of $4,451,631,000.
Statement showing the resources and liabilities of all reporting
banks other than the Federal reserve banks, the 12 Federal reserve
banks, and the grand total follows:



REPORT OP THE COMPTROLLER OF THE CURRENCY

107

Statement of resources and liabilities of 28,853 reporting banks, including Federal
reserve banks, June, 1925
[In thousands of dollars]
28,841 reporting
banks,
June 30,
1925

!
! 12 Federal
j reserve
' banks
|

Total,
28,853
banks

RESOURCEI3

Loans and discounts, including rediscounts__
133, 883,733
707,611
Overdarfts.
_
_
|
50,259
Investments
__
15,400,113
324,609
Banking house (including furniture and fixtures)...
1,401,099
60,173
Other real estate owned
_
_.
_._
___
335,486
Due from banks
_
_
4,055,482
619,112
Lawful reserve with Federal reserve bank or other reserve agents ._ 2,718,910
Checks and other cash items...
954,177
Exchanges for clearing house
1,226,960
Cash on hand
951,286 3,014,552
Other resources
_
1,079,532
23,402
Total resources_._
I 62,057,037 ! 4,749,459

34,591,344
50,259
15,724,722
1,461,272
335,486
4,674,594
2,718,910
954,177
1,226,960
3,965,838
1,102,934
66,806,496

LIABILITIES

Capital stock paid in.
Surplu
Undivided profits (less expenses and taxes paid)
_.
Reserved for taxes, interest, etc., accrued
National bank circulation
Federal reserve note circulation...
Due to all banks
_
Certified checks and cashiers' checks
Individual deposits
__
United States deposits (exclusive of postal savings)
_
Notes and bills rediscqunted
Bills payable (including all obligations representing money borrowed)
Other liabilities
Total liabilities
j

3,169,711
3,173,334
1,007,439
60,078
648,494
4,370,909
698,861
46, 765, 942
147, 220
597,377
1,089,773
62,057,037

115,561
217,837

1,634,235
2,696,852

3,285,272
3,391,171
1,007,439
60,078
648,494
1,634,235
7,067,761

24,428
46,207

46,790,370
193,427
327,899

14,339
4,749,459

597,377
1,104,112
66,806,496

1

2
Includes acceptances of nationa 1 banks.
Uncollected items.
' Due to members, reserve account, and deferred availability items.

CASH IN ALL REPORTING BANKS
The total cash holdings of all banks, June 30, 1925, including the
12 Federal reserve banks, aggregated $3,965,838,000 and showed a
reduction of $271,071,000 in the year. Of this total, $359,605,000
was held by 8,072 national banks, $591,681,000 by 20,769 banks other
than national, and $3,014,552,000 by the 12 Federal reserve banks.
Classification of cash in all banks follows:
Cash in banks June 80, 1925
[In thousands of dollars]
8,072
national
banks

Classification
Gold coin...
.
Gold certificates
Silver coin
Silver certificates
Legal tender notes
National bank notes
Federal reserve notes 4>_
Nickels and cents
Cash not classified
_
Total
Cash in Federal reserve banks June 24,1925:
Gold coin and certificates (reserve)
Reserves other than gold

_

_
_. .

Nonreserve cash
Grand total__

1

Number of banks includes 12 Federal reserve banks.
'Includes clearing-house certificates.
*jlncludes nickels and cents.




18,857
»52,929
3 37,559
28,666
25,501
67,609
128,484

_

359, 605

20,769

State, etc.,
banks
21, 757
21,333
«269,920
1,965
276, 706
591, 681

Total,
28,853
banks 1
40,614
52,929
58,892
28,666
25, 501
337, 529
128, 484
1,965
276, 706
951, 286
2,810,764
148,049
55,739
3, 965,838

* Includes Federal reserve bank notes.
« Includes all paper currency

108

BEPOBT OF THE COMPTROLLER OF THE CURRENCY

MONEY IN THE UNITED STATES
The total stock of coin and other money in the United States
June 30, 1925, was $8,221,200,000 and showed a reduction in the year
of $525,300,000, which was due principally to the retirement of Federal reserve notes, Federal reserve bank notes, and national-bank
notes.
Of the total stock of money, $362,000,000, or 4.40 per cent, represented coin and other money held in the Treasury as assets; reporting banks held $938,300,000, or 11.41 per cent; Federal reserve banks
or their agents held $3,122,700,000, or 37.99 per cent; and the remainder, $3,798,200,000, or 46.20 per cent, was in general circulation.
The per capita money in general circulation was $33.29, compared
with $34.20 a year ago.
Statements showing the stock of money in the United States in
the years ended June 30, 1914 to 1925; the classification of money in
circulation July 1, 1925; and imports and exports of merchandise,
gold, and silver in the calendar years 1914 to 1924 and the nine
months ended September 30, 1925, follow:
Stock of money in the United States, in the Treasury, in reporting banks, in Federal
reserve banks, and in general circulation, years ended June SO, 1914 to 1925

Year ended
June 30

1914
.
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924 „
1925.

.

Held by or
Coin and other Coin and other
for Federal
Coin and money in Treas- money in reportreserve banks
l
other
ing banks*
ury as assets
and agents3
money
in the
United
Per
Per
Per
States Amount
cent Amount cent Amount cent
Millions Millions
336. 3
3,738.3
345.4
3,989.4
298.2
4,482.9
268.4
5, 408.0
360.3
6,741.0
584.2
7, 518.8
489.7
7, 894. 5
461.2
8,096.0
402.5
8,177.5
383.5
8,603. 7
356.6
8, 746. 5
362.0
8, 221. 2

9.00
8.66
6.65
4.96
5.34
7.77
6.20
5.70
4.92
4.46
4.08
4.40

Millions
1,630.0
1,447.9
1,472.2
1,487.3
882.7
981.3
1,047.3
926.3
814.0
777.1
900.8
938.3

43.60
36.29
32.84
27.50
13.10
13.05
13.27
11.44
9.95
9.03
10.30
11.41

Millions
386.2
592.7
1,280.9
2,018.4
2,167. 3
2,021. 3
2,795. 2
3,401.0
3, 490. 8
3,635.1
3,122. 7

9.68
13.22
23.69
29.94
28.83
25.60
34.52
41.59
40.57
41.56
37.99

In general circulation, exclusive of amounts held
by reporting banks and
Federal reserve banks

Amount

Per
cent

Millions
1,772. 0
l,S09.9
2,119. 8
2, 371. 4
3,479. 6
3,786. 0
4,336. 2
3,913. 3
3,560.0
3,952. 3
3,854.0
3,798.2

47.40
45.37
47.29
43.85
51.62
50.35
54.93
48.34
43.54
45.94
44.06
46.20

Per
capita

$17.89
17.97
20.69
22.77
32.87
35.67
40.47
36.21
32.44
36.52
34.20
33.29

1
Public money in national-bank depositories to the credit of the Treasurer of the United States not
included.
2
Includes national banks and all reporting State banks with exception of banks in island possessions.
3
Includes gold reserve held by banks against issues and gold or other funds deposited by banks with
Igents to retire Federal reserve notes in circulation and own Federal reserve notes held by Federal reserve
banks.
NOTE.—Population estimated at 105,869,000 in 1918, 106,136,000 in 1919,107.155,000 in 1980,108,087,000 in
1921,109,743,000 in 1922,111,268,000 in 1923,112,686,000 in 1924, and 114,104,000 in 1925.




United States circulation statement, July 1, 1925
Money outside of the Treasury

Money held in the Treasury

Kind of monty

Stock of
money 1

Reserve
against
United

Total

Amount
held in trust
against gold
and silver
certificates notes (and
(and Treasury Treasury
notes of 1890) notes of
1890)

Population
of continental
United
States
Per
capita (estimated)

In circulation
Held for
Federal
reserve
banks and
agents •

All other

money

Total

Held by
Federal
reserve
banks and
agents

Amount

$694,995, 640 $271,135,134 $423,860, 506 $3. 71
Gold coin and bullion
$4,386,195,841 $3, 691, 200, 201 $1, 609, 687, 619 $153,620,986 $1, 752, 744, 435 $175,147,161
1,609,687,619
604,864,317 1, 004,823, 302 8.81
(1,609,687,619)
Gold certificates
69, 550,866
522, 061,078
15, 262, 236
Standard silver dollars
452, 510, 212 450, 111, 077
.48
2,~399,~135
3 (448, 724,195)
448, 724,195
Silver certificates
65,943,944 382, 780, 251 3.35
3
L 386,882
1,386,882
Treasury notes of 1890
(1, 386,882)
.01
Subsidiary silver__
283,471,971
13,925,004 262,009,199 2.30
7, 537, 768 275,934,203
7, 537,768
United States notes
61,909, 990 282, 577, 651 2.48
2,193, 375 344,487, 641
346, 681.016
2,193,375
Federal reserve notes
1,474, 263 1,940,765,267 304,657,196 1, 636,108,071 14.34
1, 942, 239, 530
1,474,263
6, 920,857
Federal reserve bank notes
7,088,143
167, 286
.06
87,890
7,176,033
87,890
National bank notes.
32,061,955 681, 708,888 5.97
19, 595, 231 713, 770,843
733,366,074
19, 595,231
Total July 1,1925
8, 221,191, 543 14,174,598,940 2,059,798, 696 153, 620, 986 1, 752, 744,435 208,434,823 6,106,391,299 1, 369,927, 062 4, 736,464, 237 41. 51 114,104,000
Comparative totals:
June 1,1925
8, 274, 924, 217 * 4,172, 727, 726 2,020,824, 616 153, 620,986 1, 781, 769,335 216, 512, 789 6,123,021,107 1,348, 708,508 4, 774,312, 599 41.
113,985,000
July 1,1924
8i 746, 513,527 * 4, 245, 699,033 1, 628,138, 695 152,979,026 2, 260,891, 035 203, 690, 277 6,128,953,189 1,374,180,435 4, 754, 772, 754 42.19 112, 686, 000
Nov. 1,1920
8,326,338, 267 * 2,406,801, 772
987,962,989 5, 628,427, 732 52. 36 107, 491, 000
696,854,226 152, 979, 026 1, 206,341,990 350, 626, 530 6, 616,390, 721
Apr. 1,1917
105, 219,416 5,053,910,830 953,320,126 4,100,590,704 39.54 103, 716,000
5,312,109, 272 * 2,942,998,527 2,684,800,085 152, 979,026
July 1,1914
186, 273,444 3,402, 015,427
3, 738, 288,871 « 1,843,452,323 1, 507,178,879 150,000,000
3, 402,015,427 34.35 99, 027, 000
90,817, 762 816, 266, 721
1,007,084,483
816, 266, 721 16.92 48; 231, 000
Jan. 1,1879
« 212,420,402.
21, 602, 640 100,000,000
1
Includes United States paper currency in circulation in foreign countries and the amount held by the Cuban agencies of the Federal reserve banks.
* Does not include gold bullion or foreign coin outside of vaults of the Treasury, Federal reserve banks, and Federal reserve agents.
3
These amounts are not included in the total since the money held in trust against gold and silver certificates and Treasury notes of 1890 is included under gold coin and bullion
and 4standard silver dollars, respectively.
The amount of money held in trust against gold and silver certificates and Treasury notes of 1890 should be deducted from this total before combining it with total money outside
of the Treasury to arrive at the stock of money in the United States.
s
This total includes $20,778,312 of notes in process of redemption, $160,367,334 of gold deposited for redemption of Federal reserve notes, $7,442,555 deposited for redemption of
national bank notes, $4,740 deposited for retirement of additional circulation (act of May 30,1908), and $6,640,640 deposited as a reserve against postal savings deposits.
6
Includes money held by the Cuban agencies of the Federal Reserve Banks of Boston and Atlanta.
NOTE.—Gold certificates are secured dollar for dollar by gold held in the Treasury for their redemption; silver certificates are secured dollar for dollar by standard silver dollars
held in the Treasury for their redemption; United States notes are secured by a gold reserve of $153,620,986 held in the Treasury. This reserve fund may also be used for the redemption of Treasury notes of 1890, which are also secured dollar for dollar by standard silver dollars, held in the Treasury. Federal reserve notes are obligations of the United States and
a firstlien on allthe assets oftheissuingFederalreserve bank. Federal reservenotes aresecured bythe deposit with Federal reserve agents of alike amount of gold or of gold and
such discounted or purchased paper as is eligible under the terms of the Federal reserve act. Federal reserve banks must maintain a gold reserve of at least 40 per cent, including
the gold redemption fund which must be deposited with the United States Treasurer, against Federal reserve notes in actual circulation. Lawful money has been deposited with
the Treasurer of the United States for retirement of all outstanding Federal reserve bank notes. National bank notes are secured by United States bonds except where lawful money
has been deposited with the Treasurer of the United States for their retirement. A 5 per cent fund is also maintained in lawful money with the Treasurer of the United States for the
redemption of national bank notes secured by Government bonds.




n
o
o
o

o

o

o

110

EEPOKT OF THE COMPTROLLER OF THE CURRENCY

Imports and exports of merchandise, calendar years 1914 to 1924, inclusive, and from
January 1 to September 80, 1925
Excess of
exports over
imports

Imports of
merchandise
1914
19151916
1917
191&
1919
1920
1921
1922
1923_
1924

.
.

._

.

.
—_

_

.__

1925 (9 months) ..
Total, 11 years and 9 months

$1,789,276,001
1,778,696,696
2,391,635,336
2,952,465,955
3,031,304,721
3,904,364,932
5,278,481,490
2,509,147,570
3,112,746,833
3,792,065,963
3,609,962, 579
3,078, 549,084

$3,113,624,050
3, 554, 670;&47
5,482,641,101
6,226,255,654
6,149,241,951
7,920,426,990
8,228,016,307
4,485,031,366
3,831,777,409
4,167,498,*)80
4,590,983,346
3, 504, 828,^15

$1,324,348,049
1,776,074,152
3,091,005,766
3,273,789,699
3,117,937,230
4,016,061,058
2,949,534,817
1,975,883,786
719,030,636
375,427,117
981,021,266
426,278,931

37,228, 597,158

.

Exports of
merchandise

61,254,989,665

24,026,392,607

Gold and silver imports and exports in period indicated
GOLD
Imports

293.4
1915
_
_
1916
_
1917
__
_
1918
— -—
- 1919
.
_._
1920
_
1921
_
1922
1923
.
._ _.1924
1925 (9 months)
_
Total, 11 years a n d 9 m o n t h s

--

$57,387,741
451,954, 500
685,090,234
552,464,374
62,042,748
76,534,046
417,068,273
691,248,297
275,169,785
322, 715,812
319,720,91859,830,123

Exports

Excess of
exports over
imports

$222,616,156
31,426,918
155,792,927
371,888,884
41,069,818
368,185,248
322,091,208
23,891,377
36,874,894
28,643, 417
61,648,313
204,272,802

$165,228,415

1,868,395,962

601,322,296

$25,959,187
34,483,954
22,263, 289
53,340,477
71,375, 699
89,410,018
88,060,041
63,242,671
70,806,653
74,453,530
73,944,902
49,194,076

$51, 603,060
53,698,884
70,595,037
84,130,876
252,846, 464
239,021,051
113,616, 224
51,575,399
62,807,286
72,468,789
109,891,033
74,636,128

$25, 643, 873
19,114, 930
38,331,748
30,790,399
181,470,765
149,611,033
25,556,183

726,534,497

1,236,790,231

531,907,114

Excess of
imports over
exports

3,972,116,941

$420,528,672
530,197,307
180,570,490
20,972,930
•291,651,202
94,^77,065
667,356,920
238,294,891
294,072,395
268,072, 605
144,442,679
2, 705,043,275

SILVER
1914
1915
1916
1917
S918
1919
1920
1921
1922
1923
1924

_
. _

1925 (9 months)
Total, 11 years and 9 months

$11, 667,272
7,999,367
1,984,741
35,946,131
25,442, 052
21,651,380

BACKING POWER OF THE UNITED STATES
The combined banking power of all banks in tlie United States,
including 8,072 national banks, 20,769 banks other than national,
the 12 Federal reserve banks, and estimated figures for 437 iionreporting private banks, was $60,4{)9,4€0,00Q, and exceeded the amount
June 30, 1924, by $4,O22790O;GOO.



REPORT OF THE COMPTROLLER OF THE CURRENCY

111

The banking power of the country consists of the capital, surplus
funds and undivided profits, and certain classes of deposits of all
banks, with the addition of national and Federal reserve bank
circulation.
Of the total banking power June 30, 1925, national banks contributed $20,641,800,000, or 34.14 per cent; banks other than national,
$35,092,500,000, or 58.03 per cent; and Federal reserve banks,
$4,735,100,000, or 7.83 per cent.
The banking power of each class of banks in June, 1925, and
comparison with the figures for June, 1924, is shown in the following
statement:
Banking power of the United States June 80, 1926
[Money columns in millions]

Number of
banks

National banks
_..... 8,072
L
Reporting State banks, savings banks, trust companies, and private banks.- 20,769
Nonreporting private banks
437
(estimated)
Total
ederal reserve banks
Grand total

Capital Surplus
and
paid in profits

Deposits i

National
bank
circulation,
Federal
reserve
notes,
and
Federal
reserve
bank
notes

1,369.4

1,600.6

17,023.3

648.5

1,800.3 2,680.1

30,588.8

34,969.2

8.7

105.6

123.3

9.0

29,278 3,178.7
a 12
115.6
29,290

3,294.3

Total
June,
1925

Total
June,
1924

20, 641. 8 19,172. 7

Increase
over
1924

1,409.1

32,381. 5 2, 587. 7
116.9

6.4

4,189.4 47,717. 7
217. 8 2,767. 5

648.5
1,634.2

55,734. 3
4,735.1

51, 671.1
4,775.4

4,063.2
2 40.3

4,407.2

2,282. 7

60,469.4

56,446. 5 | A, 022.9

50,485. 2

1 Includes dividends unpaid, postal savings and United States deposits, certified checks and cashiers'
checks outstanding, but not amounts due to other banks, except deposits of Federal reserve banks, which
are reported gross.
2 June 24,1925.
a
Decrease.
NOTE.—Information for nonreporting private banks lias been estimated by using as a basis for the calculation statements of reporting private banks. Only such institutions as are performing the functions
of a bank are included in the total number of private banks. Concerns whose business is confined to
the selling of investments are not included in the list of private bankers.

BANKS IN THE DISTRICT OF COLUMBIA
The aggregate resources of 68 banking institutions in the District
of Columbia, June 30, 1925, including national banks, loan and
trust companies, savings banks, and building and loan associations,
were $328,554,000, and showed an increase since June, 1924, of
$32,428,000.
The combined capital of these institutions was $23,378,000, an
increase of $25,000 in the year, and individual deposits of $248,664,000
showed an increase in the year of $25,748,000.




112

REPORT OF THE CO1\ -/TROLLER OF THE CURRENCY

Classification of these banks follows:
Number

$9, 427,000
11, 400,000
2, 551,000

National banks
Loan and trust companies
Savings banks
Building and loan associations
Total..

68
i Amounts due to banks not included.

Capital

23,378,000

Individual
deposits 1

Aggregate
assets

38, 674,000

$146, 679,000
99, 665,000
38, 233,000
43,977,000

248, 664, 000 I

328, 554,000

$104, 339,000
72,803,000
32,848,000
2

> Share payments mainly.

EARNINGS, EXPENSES, AND DIVIDENDS OF BANKS OTHER
THAN NATIONAL IN THE DISTRICT OF COLUMBIA

The gross earnings of 31 trust companies and savings banks in
the District of Columbia in the year ended June 30, 1925, were
$8,016,000 and exceeded the earnings of the previous year by
$546,000.
The principal earnings of these banks, interest and discount,
amounted to $6,185,000, exceeding the earnings in the prior year
by $144,000. Other earnings were from domestic exchange and
collection charges, which showed an increase of $10,000; foreign exchange department profits, which showed an increase of $2,000; trust
department profits, an increase of $149,000; and other miscellaneous
earnings, a net increase of $241,000.
The total expenses for the year, incident to the operation of these
banks, were $5,434,000, exceeding expenses for the previous year by
$172,000. Salaries and wages showed an increase of $88,000; interest
and discount on borrowed money, a reduction of $15,000; interest
on deposits, an increase of $116,000; taxes, a reduction of $5,000;
and other miscellaneous expenses, a reduction of $12,000.
After payment of all expenses the net earnings for the year, with
the addition of $108,000 recovered on charged-off assets, were
$2,690,000, which showed an increase over the prior year of $365,000.
After charging off losses on bonds and securities and other assets
aggregating $421,000, which showed a reduction of $17,000 in comparison with losses charged off in the previous year, the net addition
to profits were $2,269,000, out of which dividends were declared to
the amount of $1,337,000.
The amount of net addition to profits in the last year was $382,000
in excess of the amount during the previous year, and the increase
in amount of dividends was $182,000.
Detail statement of the earnings, expenses, and dividends of these
banks for years ended June 30 1924 and 1925, follows:




BEPOET OF THE COMPTROLLER OF THE CtTEBEKCT

113

Earnings, expenses, and dividends of trust companies and savings banks in the District of Columbia
I In thousands of dollars]
June 30, June 30,
1924,
1925,
32 banks 31 banks
Capital stock__
_
Total surplus fund
Dividends declared-

_

__

_
_

_

_

Gross earnings:
Interest and discount..
_
_
Domestic exchange and collection charges
_
Profits of foreign exchange department
_
_
_
Commissions and earnings from insurance premiums and the negotiation of realestate loans
Trust department profits
Other earnings.
__
_
Total.
Expenses paid:
Salaries and wages
Interest and discount on borrowed money..
Interest on deposits
Taxes...
0 ther expenses
_
Total.
Net earnings during the year
Recoveries on charged-off assets ,
Total.
Losses charged off:
On loans and discounts
On bonds, securities, etc
On trust department operations..
Other losses
On foreign exchange
Total
Net addition to profits during the year..

13,826
7,496
1,155

13,951
7,954
1,337

6,041
25
22

6,185
35
24

187
448
747

597
1,093

7,470

8,016

1,809
52
1,871
660
870

1,897
37
1.987
'655
858

5,262

5,434

2,208
117

% 582
108

2,325

2,690

131
158
131
18

203
82
10
110
16

438

421

1,887

2,269

BUILDING AND LOAN ASSOCIATIONS IN THE DISTEICT OF
COLUMBIA

The aggregate resources of the 24 building and loan associations
in the District of Columbia, under the supervision of the Comptroller of the Currency, June 30, 1925, were $43,977,000, compared
with resources of 23 associations, June 30, 1924, amounting to
$40,467,000.
The loans made by these associations increased during the year
from $38,968,000 to $42,482,000, and installment payments on shares
increased from $35,452,000 to $38,653,000.
Eighteen of these associations operate on the permanent plan, 5
on the serial plan, and 1 on the terminating plan. Twenty-two
associations require installment dues or payments of $1, one requires
payments of $2, and one payments of $2.50.
The number of borrowing members June 30, 1925, 15,562, showed
an increase since June 30, 1924, of 768, and the number of nonborrowing members, 41,873, was increased in this period 2,433.
Information relative to these associations in the fiscal years ended
June 30, 1909 to 1925, is shown in the following statement, and summaries of resources and liabilities, supplemented by statements of



114

REPORT OF THE COMPTROLLER OF THE

CURRENCY

receipts and disbursements, in six-month periods ended December
31, 1924, and June 30, 1925, are published in the appendix of this
report.
Number
of associations

Years

June 30—
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925

_

-._

_..
_

. .
-

.

.

22
19
19
20
20
20
20
19
19
20
20
21
24
22
23
23
24

Loans

$13, 511, 587
14,415,832
14,965,220
16,004, 700
17,398, 010
18,582,156
19, 524,065
20,186, 662
20,951, 089
21, 507,904
23, 654, 000
27, 398, 000
29, 520, 000
33, 233, 000
36,157, 000
38,968, 000
42, 482, 000

Installments
on shares

$11,996,357
13,213, 644
13,324, 217
14, 529,977
16,453,044
17,113,899
17,866, 337
18,668, 808
19,413,266
20, 252, 005
22, 463, 000
25, 373, 000
27, 593, 000
30, 506, 000
32, 858, 000
35,452,000
38, 653, 000

Aggregate
resources

$14,393,927
15,250,731
16,017,405
17,100, 293
18,438,294
19,029,260
20,655, 614
21,611,007
22,264, 005
23,215, 027
25,699, 000
29,322, 000
31,683, 000
34,879,000
37, 589,000
40,467,000
43,977, 000

BUILDING AND LOAN ASSOCIATIONS IN TEE UNITED STATES

The total number of building and loan associations in the United
States, as disclosed by statistics furnished by Mr. H. F. Cellarius,
secretary United States League of Local Building and Loan Associations, in the year 1924-25 was 11,844, and the total membership of
these associations was 8,554,352, an increase over the preceding year
of 18.76 per cent; and aggregate assets were $4,765,937,197, an increase of $822,997,317, or 20.87 per cent. The growth of these associations in the last year far exceeded the growth in the preceding year.
New Jersey's increase in assets was $197,084,169, which represents
the growth for a year and a half, as the figures in the 1924 table are
as of December 31, whereas the totals heretofore have been for the
fiscal year ended June 30 annually. Ohio's growth was $117,145,131
for the fiscal year ended June 30, 1924, while the increase in Pennsylvania was $115,000,000 for the last calendar year. Other increases
in assets in States showing more than 10,000,000 last year areMassachusetts, $47,207,279; Illinois, $41,233,691; New York, $34,557,688; Wisconsin, $25,190,245; Indiana, $24,042,967; California,
$23,416,684; Texas, $21,943,756; Louisiana, $19,034,544; Missouri,
$18,181,767; Nebraska, $14,223,064; Washington, $12,301,435; Kansas $12,239,953; North Carolina, $12,049,626; Oklahoma, $11,977,388;
and Michigan, $11,536,832.
Statistics relative to building and loan associations in each State
and the District of Columbia are shown in the following statement:




REPORT OP THE COMPTROLLER OF THE CURRENCY

States
Pennsylvania *

4,300
1,000
1, 364

Ohio
New Jersey 2
Massachusetts
Illinois
New York.
Indiana
Nebraska.-.
Wisconsin
California
Louisiana. _
Missouri
Michigan
Kansas
Oklahoma
_
North Carolina 1
Kentucky
Washington
District of ColombiaTexas
Iowa
_
Colorado
Arkansas..
W est Virginia
Utah
Minnesota
Florida.
South Carolina *
Rhode Island
Maine
Connecticut
Oregon
Montana
New Hampshire
_
Delaware
North Dakota^
South Dakota
Tennessee
Mew Mexico i
Arizona
Vermont
Other States

217
814
301
380
82
155
138
94
241
80
144
86
247
136
59
24
102
74

55
59
57
25
79
25
164
8
39
37
20
30
28
40
16
24
17
12
3
7
1,061

Total.
1

Estimated.

Number
of associations

Total
membership
1, 600, 000
>,686
927, 495
3S2, 274
572. 000
408, 996
317, 055
192, 200
168,113
116, 389
135, 360
154, 780
158, 597
152, 615
121, 442
85,000
116, 400
151,043
55, 654
66,994
65, 000
53,042
39,267
52,300
45, 075
42, 880
18,150
24, 000
26,685
25,600
32,677
28,800
34,400
14,221
12, 650
12, 360
8,160
7,550
5,750
5,550
3,012
425,130

11,844 | 8,554,352
2

Total assets

Increase in
assets

115
Increase in
membership

$860,000, 000 $115,000,000
765, 306, 091 117,145,131
599, 812, 925 197,084,169
311, 962, 911 47,207, 279
273,326, 625
41,233, 691
217, 007,141
34, 557, 688
192, 025, 913 24,042, 967
123,021, 650
14,223, 064
118,182, 354
25,190, 245
108,687,143
23,416,684
106, 931, 401
19,034, 544
93,557, 805
18,181,767
80,302, 267
11,536,832
78,850, 057
12,239, 953
77, 788, 006
11, 977, 388
70,000, 000
12,049, 626
55,196, 457
196,457
53, 242, 311
12,301,435
42, 032, 000
3,261,000
33, 980, 086 21,943, 756
33, 309, 995
4,314,609
25, 672, 269
5,425,383
24f 848, 268
3,436,170
23,256, 758
5, 274,006
22,550, 620
3,312, 530
20,839, 954
4, 839, 954
15,450, 000
15,000,000
8. 475, 758
14,887,675
2,326,511
14, 335, 323
1, 677,382
14,193,310
2,492,112
11,802, 437
1, 802,437
11, 649. 272
1, 202, 085
7,330, 534
748, 899
6,201, 339
831, 669
6,169, 397
744, 225
5, 078. 532
678, 532
4,477, 899
601,164
2.550, 000
250, 000
2,378, 893
450,956
1.353, 951
306, 759
22i; 387, 628 11,982, 600

200,000
313, 718
239,908
25,638
122, 000
48, 902
19, 054
29,200
24,653
28,350
24,288
29,935
32,110
21, 615
19,131
8,214
400
32,594
2,794
36,904
8,500
12,522
5,058
9,800
6,625
9,680
(3)
3,600
3,542
3,050
3, 565
3,810
2,400
916
1,850
1,485
1,160
1,100
300
550
581
11, 970

4, 765, 937,197 822, 997, 317

1,351,472

As "Dec. 31, 1924,figuresheretofore as of June 30.

3

Included in other States.

MONETARY STOCKS IN THE PRINCIPAL COUNTRIES OF THE
WORLD
Statistics compiled by the Mint Bureau for the calendar year 1924
with respect to the monetary stock of principal countries of the world,
show a total gold stock of $9,669,359,000, of which amount $9,578,829,000 was in banks and public treasuries, and the remainder,
$90,530,000, was in circulation. The silver stock amounted to
$2,668,317,000.
In comparison with revised figures for the calendar year 1923, the
stock of gold showed an increase of $530,960,000 ana the stock of
silver showed a reduction of $81,322,000.
The following statement shows the monetary stocks in the principal
countries of the world, as compiled by the Mint Bureau:




Monetary stock of principal countries of the world, end of calendar year 1924
[Stated in United States money ( O omitted), except paper stock, which is stated in monetary unit of issuing country (000 omitted)]
OO
Gold stock

Monetary unit
Monetary
standard

Country

Name

Metallic
stock
United unclassi- In banks
In cirStates
fied
and public culation
equivatreasuries

Per capita

Total

Silver
stock

lent

North America:
United States
Canada
IVTfvxipo

British Honduras 1
Costa 1Rica.
Cuba
D<vrmrrirt£vn KApnhlio 1
Guatemala2
Haiti
Honduras
Newfoundland6
Nicaragua
Panama *
Salvador
Virgin Islands
British West IndiesBarbados •
Jamaica
Trinidad
Dutch West Indies
French West IndiesGuadeloupe
•\Tartiniou©

South America:
Argentina
Bolivia
Brazil
Chile

Ecuador*
Guiana—
British
Dutch
French«
Paraguay

G o l d - Dollar
do
do . _
do
Peso
Dollars
do
Colon
dodo
Peso
do
Dollar
do
Quetzal
do
Gourde
Silver
Peso
Gold.... Dollar
Cordoba
do
do
Balboa
_
— d o - Colon
Dollar
do
do
do
Pound
do
Dollar
do
. . . d o - _ Guilder
—do—_ Franc
do
Peso
—do. __
Boliviano
do
do ' Milreis—
do
Peso
_
_
do
do
_ —do.. _ Sucre
_
Pound
do
do.. - Guilder
—do—- Franc
Peso




$1.00
$4, 547,407
$4,547,407
192,504
192,504
1.00
.4985 i $236,503
90
1.00
90
684
.25
684
37,105
1.00
8,033 $29,072
114
114
1.00
208
208
1.00
1300
1300
.20
30
30
1,000
1,000
1.00
1.00
440
40
400
1.00
3,369
.50
3,369
86
.965
86

--,,55-

420
2,300
315
325
75~

109

951
888
654
242

1324

1324

194

453,175
8,225
54,498
io 34,108

.9648
.3893
.5462
.365
.9733
.4867
4.8665
.402
.193
.9648

190
247
16,368
247
3 32

109

1.0138
4.8665
1.0138
.402
.193
.193

$818,609
i 27, 964

4,682
79
600"
i 3,181

ii 7,617
1,657

453,175
8,225
54,498
34,108
7,617
6,339

2,957
u 9, 519
2,006

79

"31
333

i 3, Isi

17

Paper circulation in
monetary Populaunit of issu- tion
ing country

12,048
2,500

110,922
8,967
14, 463
45
485
2. 899
897
2,005
1,631
662
265
638
434
1,526
25

22
223
2,602
1,480

230
240

1,319,798
41,944
3,007,874
i 271,252
n 29,121
16,119
1,633
2,400
9,000
" 262, 707

298
108
26
1,000

318
20,554
331, 821
1,276
25,339
11, 775
5 1,250
2,000
3,268
7

9

Silver

$7.32
3.19

$47. 97
47.62

2.00
1.41 !
12.80 !
.13
.10
.18
;
.05
3.77

8,699
2,890
30,636
3,819
6,300
2,000

5, 320,946
426,985

Gold

$41.00
21.47

156
858
391
166

35,000
• 20,000

Unclassified
stock

4.22
.51
5.65
.28
.02

7.07
42.38
114. 46
1.42
12.64
7.22
1.89
7.55
5.12

Paper

$16.35

1.01
2.21
3.44

.63
8.68
.49
.75
3.00

7.89
100.00

.66

6.10
1.03
1.67
1.46

.14
.26
6.65
8.92

1.41

!

.41

152.17
83.33

2.92
52.10
2.85
1.79
8.94
1.21
3.17

.77
1.51
1.00

.73

.10
3.08

23.08
3.18

.01

151. 72
14.51
98.18
71.03
4.62
8.06
5.47
22.22
346.15
262.71

Peru..
Uruguay

,__
~..

....•

Venezuela 9
Europe:
Austria 151 5
Belgium ..
_.
Bulgaria..-.
CzechoslovakiaDanzig
_
Denmark18
Esthonia
Finland1 9
__ _ _
•
France ..,
Germany

d o , . . . Pound
.do...,-! Peso
do
Bolivar

4. 8665
!

1. 0342

- 1Q3

1

H

20. 337

.w' mv

15,000

20, 337
57,002
15 000

t

2.950
9 ; 000

" 5,838
68,500
40, 000

7,300
1,529
2S 412

2.79
37.28
6.22

1 93
3.73

.80
44.80
16. 58

Schilling
• 1407
6,423
1,558
838, 777
84
1,558
.24
130. 59
.01
16
Franc
.193
52, 543
7. 674, 216
14, 289
52, 543
7.08
1,027. 89
7.466
1.91
Lev
.193
7, 652
4, 400, 000
3,281
7,652
1.57
905. 16
67
4, 861
(17)
Krone
. 2026 -"360,"Il5~
11,78
13, 611
8, 810, 400
647. 29
Gulden
.195
1,947
31, 912
400
79.78
Gold
4.87
.268
do
Krone
5, 569
56,145
478, 256
56,145
3, 290
17. 07
1.69
145. 37
.268
. . . d o . . . . Kroon
16
1,390
35, 627
1, 390
1,111
1.25
.01 I
32.07
Mark
.193
-do
193
8,379
1, 249,946
8,379
3,403
2.46
367. 31
06 1
.193
59,008 40, 603,965
710, 394
...do
Franc
710, 394
39, 210
.18. 12
1, 035. 55
1.50
. 2382
62,483
145, 692
do
R eichs6, 356, 743
145, 692
59, 856
2.43
1.04
106. 20
mark.
Great Britain and Irish Free . . . d o
4. 8665
173,235
Pound
760, 874
481, 517
302,368
47, 262
760,874
3.66
16.10
10.19
6.40
State.
Drachma,. _ .193
Greece 18
.. ...do
7,720
7,720
4, 866, 000
5,950
81.7. 82
1.30
Hungary „„,,
,. ,'.
. . . d o — . Krone- .2026
7,951
5 000
5,000
.63
; 567, 726. 02
4,513,989,561
.268
*tio
do
Iceland
603
603
96
6.28
93. 62
...doLira
.193
83, 608
Italy
. .
83, 608
38. 835
2.15
116,831 20, 514, 200
528. 23
3.01
do
Lat
. 193
3,026
Latvia
3,026
1,851
3.20
5,930
1.63
114
Lithuania
,.do
114
Litas
. 10
.02
4,651
19.99
610
.13
Malta
_
...do.
4. 8665
184
20 219
4.07
Pound
750
1.18
Netherlands
do
.402
Guilder
202, 854
49,282
202, 854
139. 06
970, 025
6,977
29.07
7.06
.268
Norway ._
do
3,511
39, 456
39,456
Krone
2,632
148. 67
391, 300
14.99
1.33
21
5,308
Zloty .
.193
...do19,956
Poland
19,956
27,179
24. 38
675, 800
.72
.19
4,941
Portugal _
do
Escudo
1. 0805
10, 483
10, 483
6,041
291. 78
1, 762, 625
1.73
.82
22
2, 651 19, 356, 438
Rumania, T ., . ^
26. 020
.193
-..do..
Leu
26, 020
16. 262
1.62
1,190. 29
.16
23 34, 504
Chervonetz 5.1455
73,047
Kussia
-..!
73,047
131, 299
.48
62,406
.do
. 56
.26
125,691
! 489. Ifi4
.193
Peseta.
489,164
do
21, 338
213.08
4, 546, 658
22.92
5.89
Spain - . .
- 1,098
.268
Sweden
63, 741
Krona
63, 741
5,988
89.73
do
537, 293
10.64
. 18
33, 838
.193
148, 385
Switzerland.
235. 18
do
913, 912
96, 319 52,066
38.18
Franc
3, 886
8.71
2
73, 548
.044
345, 526
Piaster
345, 526
14, 549
10.91
4 158, 749
do
23.75
Turkey 2 4
5.06
3,369
.193
13,965
Yugoslavia.,
894
13, 965
12, 017
.07
499. 42
6, 001, 504
...do
Dinar
1.16
.28
Asia:
British North Borneo
.5678
do
Dollar
1,889
258
7.32
.3244
4,504
47,994
14
i
Ceylon..
._
_ ...do
10, 687
Rupee
2.37
10.66
14
1
« I n October, 1924.
Last year's figures.
2
H At the end of January, 1925.
Gold standard established Nov. 26, 1924.
3
Stock in banks.
» Stock in National Bank.
16
4
Including minor coins.
Fluctuates with the price of silver.
17
« Stated in United States dollars, and including $800,000 in United States bills.
Monetary standard not established6
18
Estimated on basis of data considered fairly reliable.
Gold standard established Juno 20, 1924.
7
19
Stated in francs.
In Bank of France on Dec. 24, 1924.
80
s Stock held by one of three banks.
Including bronze coins.
9
21
Including amount held in banks.
Gold standard established July 1, 1924.
22
« At the mint.
Including other coin.
23
11
On Dec. 1, 1924.
In circulation on June 30, 1924.
24
12
On Jan. 31, 1924. Paper circulation stated in Turkish pounds ($4.3965).
Amount in circulation.




do
...do
__.do

O
W
H

O

o
o
H

o

W
O

Monetary stock of principal countries of the world, end of calendar year 192If—Continued
OO

[Stated in United States money (000 omitted), except paper stock, which is stated in monetary unit of issuing country (000 omitted))
Monetary unit
Country

Monetary
standard

Asia—Continued.
China 2«
Silver..Cyprus Island
Gold....
Federal Malay States
...do
India, British
do
Indo-China, French
Silver.
Japan (including Taiwan)... Gold
Netherlands, East I n d i e s . . . . . . d o
Palestine
do
Silver .
Persia 1
Gold
Philippine Islands
Sarawak
do
Siam
do
Straits Settlements
do
Syria
do
Africa:
Abyssinia *
Silver
Algeria
_ . Gtold . .
Belgian Congo
do
Egypt "
_
...do
do
Eritrea
do
Gambia
Gold Coast
_
—do
Kenya Colony and Uganda.. —do
Madagascar
do
Moiocco, French
do
Nigeria
do
Nyasaland
...do
Portuguese East Africa l ._ . - d o
Portuguese West Africa *
do
Reunion Island *
do
Rhodesia- .
do . .
Senegal
do
Sierra Leone
do
Somaliland—
British
French
I...do




Name

Dollar
Pound
Dollar
Rupee
Piaster
Yen
Guilder
Pound..
Kran
Peso
Dollar
Tical
Dollar
Pound

$4. 8665
.5678
.4867
(4)
.4985
.402
4.9431
(4)
.50
.5678
3709
.5678
3.860

Thalari
Franc
do
Pound
Lira
do
do
Shilling
Franc
do
Pound
do
Escudo
do
Franc
Pound
Franc
Pound

(4)
.193
193
4. 9431
193
4. 8665
4. 8665
2433
.193
.193
4. 8665
4. 8665
1.0805
1. 0805
.193
4. 8665
.193
4.8665

Rupee
Franc

Gold stock

Metallic
stock
United unclassi- In banks
States
In cirfied
and public culation
equivatreasuries
lent

(<)

.3244
.193

Per capita
Silver
stock
Total

$292

$292

$135,957
711
67
399,231
16,495

108,609

108,609

585,738
53,667

585,738
53, 667

3,406

$15,000

3,406

168,272
494
18, 654
19,007

1,682

44, 710
11,503

1,682
13, 857

340

431,480
317
1,390
318,942
18, 982
78, 575
47,204
700
9,500
10,906
600
9,322
935
2,140

225
1,099, 684
26a 109, 950
42,000

150

16,508

56

292
241

300
6,593

344
206

16, 508
1,692
9,422
13, 703

8,531
395
332
1,900
3 122
7

100,949
525
4,174
1, 792,087
65,872
1, 745,357
319,934
1,250
51,296
2
« 157,193
156
114, 387
104,916
7,930

8,000
5,806
15,000
13,551
450
210
2,299
2,529
3,382
6,000
18,588
1,176
3,120
4,000
174
1,867
1,225
1,541

18,197
1,747

Paper circulation in
Populamonetary
tion
unit of issuing country

6 830

33

$78

395
410
6 830

33

6,621
422
49
690

119
1,309
1,194
261,000
280,100
294
88,224
11,300
33,000
6 10,000
183,107

Unclassified
stock

Gold

$0.92
.34
$0.19

7.45
1.14

Silver

$0.32
2.24
.05
1.25
.87

.31

3.56
.711.95
1.73

1.80

4.78
12.30

6.48
.04
3.31
.13

1.22

Paper

0.23
1.66
3.00
5.62
3.47
22.21
6.78
1.79
5.39
14.34
.26
12.27
112.20
3.71
.03
189.40
7.33
3.10

3 76
3.73
4.05
1.42

.95
.57
.47
77.17
46.68
.02

.34
.13
10.89
.07

.36
.36
.02

.44

.05
.10

28.28
2.83
189. 64
5.36
149.43
.04

.16

.85
1.17

.87
32.00

Italian
Tanganyika
Tunis6
. .
Union of South Africa 28
West Africa French ^
Zanzibar
Oceania:
a*
Australia
N e w Zealand
Fiji Islands 1
Society Islands
_ _

do
do
...do
...do ....
do
do

Rupee
Bhillinsr
Franc
Pound
Franc
Rupee

.P244
. 2433
.193
4.8665
.193
.3244

...do
___do
...do
do

Pound
do
do
Franc

4.8665
4.8665
4.8665
.193

Total
* Last year's figures.
Fluctuates with the price of silver.
• Estimated on basis of data considered fairly reliable,
is Stock in National Bank.
2* Incomplete.
4

3~000~

3,000
52,437

3,000
52,437

1, 863
3, 528
800
243
945

107,928
37, 581

121,218

121,218

494

494

755

9,669,359

2,668,317

779, 910 9,578,829

90, 530

2,000
9,259
175,000
11,456
190,000
4,854

1,000
7,200
2,094
6,929
11 464
197

57,094
6,750
430
19, 723

5, 635
1,266
164
28

19.15
29. 60

21. 51
3.01

4.60

1, 770, 701

.4.4

5.46

1.51

26

1.43
7.57

1.8(5
.49
.38
.03
4 80

2.00
1.29
83.57
1.65
16 57
24 64
10.13
5.33
2.62
704. 39

26

Exclusive of 2,614,688 pesos in United States Federal reserve bank notes.
26*Oct. 31, 1924.
Stock of gold and silver in Northern Rhodesia
On Dec. 27, in South African reserve bank.

27
28

NOTE.—Figures given represent each country's stock at the end of the year, except when otherwise indicated. Population figures are from the Statistical Abstract of the United
States, 1923. Blanks indicate no figures available, rather than no stock. Gold held abroad as follows, not included in the above figures (presumably reported by the country having
actual possession): Canada, $12,640,714; Brazil, $2,433,250; Peru, $5,158,490; Czechoslovakia, $52,716,520 (including silver); Esthonia, $142,708,487; France, $359,813,953; Germany,
$49,334,078; Latvia, $1,529,139; Lithuania, $2,963,802; Rumania, $82,630,958; Spain, $6,370,970; Switzerland, $1,322,986; Japan, $156,529,000; Philippine Islands, $52,528,097; Straits
Settlements, $3,763,686




i
3
tei
Q
O

w
t3

w
S3
SI

120

REPOBT OF THE COMPTROLLER OF THE CURRENCY

FEDEEAI LAEfD BA^KS
The resources of the 12 Federal land banks amounted to $1,059,486,000, September 30, 1925, and showed an increase in the year of
$75,700,000.
Net mortgage loans which constitute the principal assets of these
banks increased in the year from $905,536,000 to $989,960,000.
United States Government securities owned were reduced in the year
from $43,146,000 to $29,283,000, and cash on hand and in banks was
reduced from $11,080,000 to $9,062,000.
The capital stock of these banks was $52,784,000, of which amount
$1,332,000 was held by the United States Government; $50,978,000
was held by national farm loan associations; $472,000 was held by
borrowers through agents, and $2,000 by individual subscribers.
The amount of capital stock of these banks originally subscribed
for by the United States Government was $8,892,000, of which
amount $7,560,000 has been retired to date.
The principal liabilities of these banks represent farm loan bonds
outstanding, which aggregated $973,344,000, September 30 last,
and showed an increase in the year of $66,129,000.
Undivided profits were increased from $4,056,000 to $5,262,000,
and legal reserve was increased from $5,734,000 to $7,545,000.
Surplus funds and other reserves showed an increase of $3,000.
Consolidated statement of the resources and liabilities of these
banks, September 30. 1925, follows:
Consolidated statement of condition of the 12 Federal land banks at close of business
September 30, 1925

Assets:
Net mortgage loans
_•.
Interest accrued but not yet due on mortgage loans
United States Government bonds and securities
Interest accrued but not yet due on bonds and securities..
Other interest accrued but not yet due
Cash on hand and in banks
Notes receivable, acceptances, etc
Accounts receivable
Installments matured (in process of collection)
Banking houses
.
Furniture and fixtures
Sheriffs' certificates, judgments, etc. (subject to redemption)
Other assets
Total assets

.

„




.

.

4, 291, 36L 90
567, 493. 85
1,059,486, 378. 11

Liabilities:
Farm loan bonds outstanding
Interest accrued but not yet due on farm loan bonds
Notes payable
Accounts payable
Other interest accrued but not yet due
Due borrowers on uncompleted loans
Amortization installments paid in advance
Farm loan bond coupons outstanding (not presented)
Dividends declared but unpaid
Other liabilities
_
Total liabilities

$989, 960, 218. 89
18, 387, 586. 32
29, 283, 375. 49
195, 007. 36
32, 685. 47
9, 062, 213. 59
3, 527, 922. 14
746, 137. 74
1, 121, 955* 42
2, 046, 493. 50
263, 926. 44

973, 343, 685. 00
15, 541, 386. 88
431, 956. 45
475, 848. 57
12, 462. 45
357, 595. 24
1, 364, 142. 16
770, 944. 55
753, 378, 62
738, 378. 46
...

993,789,778.38

REPORT OF THE COMPTROLLER OF THE CURRENCY
Net worth:
Capital stock United States Government
National farm loan association
Borrowers through agents
Individual subscribers
Total capital stock
Reserve (legal)
Surplus, reserves, etc
Undivided profits
Total liabilities and net worth
Memoranda:
Net earnings to Sept. 30, 1925
Less—•

Dividends paid
Carried to suspense account
Real estate charged off

Carried to surplus, reserve, etc
Carried to reserve (legal)
Carried to undivided profits

121

$1, 331, 930. 00
50, 978, 052. 50
472, 265. 00
1, 585. 00
52, 783, 832. 50
7, 544, 700. 00
105, 828. 23
5, 262, 239. 00
.

$65, 696, 599. 73
1, 059, 486, 378. 11
32, 913, 780. 91

$13, 209, 071. 10
1, 323, 953. 38
5, 037, 769. 23
•
536, 048. 20
7, 544, 700. 00
5, 262, 239. 00

Total carried to surplus, reserve and undivided profits._
Capital stock originally subscribed by United States
Government
.
Amount of Government stock retired to date
Capital stock held by United States Government

19, 570, 793. 71

13, 342, 987. 20
8, 892, 130. 00
7, 560, 200. 00
1, 331, 930. 00

JOINT-STOCK LAKD BANKS

The resources of joint-stock land banks amounted to $580,810,000,
September 30, 1925, and exceeded the amount a year ago by $105=
618,000.
Like Federal land banks, the principal resources of these banks are
represented by mortgage loans, which amounted to $519,237,000
September 30? and exceeded the amount a year ago by $89,171,000.
United States Government securities amounted to $26,550,000
compared with $14,671?000 a year ago, and cash on hand and in
banks was increased from $13,442,000 to $14,094,000.
The paid-in capital stock of these banks was $40,804,000 or $6,725,000 more than a year ago. Legal reserves of $3,661,000 compared with $2,384,000 in September, 1924, and undivided profits of
$2,347,000 showed an increase in the year of $1,136,000.
Liabilities of these banks incident to the issuance of farm loan
bonds, were $507,686,000, compared with $419,745,000 a year ago.
Consolidated statement of the resources and liabilities of these
banks follows:
Consolidated statement of condition of the joint-stock land banks at the close of business September 30, 1925

Assets:
Net mortgage loans
.__.
. . $519, 237,214, 59
Interest accrued but not yet due on mortgage loans
9, 525, 580. 66
United States Government bonds and securities
28, 550, 481. 12
Interest accrued but not yet due on bonds and. securities,_
270, 122. 29
Other interest accrued but not yet due
93, 021. 53
Cash on hand and in banks.—"—.-.
~
14, 093, 836. 40




122

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets—Continued.
Notes receivable, acceptances, etc
Accounts receivable
Installments matured (in process of collection)
Banking houses..
Furniture and
fixtures
Sheriffs' certificates, judgments, etc., subject to redemption
Real estate
Other assets
Total assets

Total liabilities and net worth

1, 446, 718. 33
2, 145, 373. 83
47, 131. 34
580,809, 511. 19

Liabilities:
Farm loan bonds outstanding
Interest accrued but not yet due on farm loan bonds
Notes payable...
Accounts payable
Other interest accrued but not yet due
Due borrowers on uncompleted loans
Amortization installments paid in advance
Farm loan bond coupons outstanding (not presented)
Dividends declared but unpaid
Other liabilities..
Total liabilities
Net worth:
Capital stock paid in
Surplus paid in
Surplus earned
Reserve (legal)
Other net worth accounts
Undivided profits

$3, 559, 072. 59
1, 307, 556. 71
1, 341, 834, 77
1, 006, 985. 00
184, 582. 03

507, 685, 600. 00
8, 995, 071. 59
7, 305, 862. 21
3, 076, 790. 96
80, 032. 57
1, 538, 665. 74
831, 193. 93
741, 099. 75
198, 543. 50
51, 660. 48
530, 504, 520. 73

$40, 804, 060. 53
1, 359, 830. 83
942, 174. 03
3, 660, 653. 65
1, 190, 881. 38
2, 347, 390. 04

50, 304, 990. 46
580, 809, 511. 19

FEDERAL INTERMEDIATE CREDIT BANKS

The resources of the 12 Federal intermediate credit banks showed a
gain in the year ended September 30, 1925, of $7,634,000, and
amounted, on the latter date, to $112,659,000.
Direct loans and rediscounts aggregated $64,318,000, and showed
an increase in the year of $12,039,000. Holdings of United States
Government securities amounted to $5,166,000, and showed an increase of $2,866,000. Cash on hand and in banks showed a reduction
of $2,412,000.
The subscribed capital stock of these banks, $60,000,000 showed no
change in the year. Surplus funds showed an increase of $529,000
and undivided profits, a reduction of $76,000. Outstanding debentures amounted to $43,768,000, compared with $35,112,000 a year
ago.
Notes and bills payable were increased from $375,000 to $3,800,000
and notes and bills rediscounted were reduced from $7,450,000 in
September, 1924, to $1,906,000 in September, 1925.
Consolidated statement of the resources and liabilities of these
banks follows:




REPORT OF TUB COMPTROLLER OF THE CURRENCY

123

Consolidated statement of condition of the 12 Federal intermediate credit banks as
of the close of business September 30, 1925

Assets:
Direct loans
........
._
. . $33, 756, 897. 04
Rediscounts
.
30, 560, 889. 14
Accrued interest on loans and rediscounts
247, 972. 02
United States Government bonds and securities
5, 165, 635. 16
Accrued interest on United States Government bonds and
securities
.
39, 032. 78
Other securities
1, 100, 000. 00
Other accrued interest
1, 677. 12
"Rediscounts for other Federal intermediate credit banks..
925, 000. 00
Cash on hand and in banks
4, 750, 821. 21
Capital stock callable from United States Treasury
36, 000, 000. 00
Furniture and
fixtures
18,099. 33
Documentary stamps _
Other assets
„
92, 822. 43
Total-assets

„_

112, 658, 846. 23

Liabilities:
Capital stock subscribed.
.
Surplus..
.
«..„__.
._
....
Undivided profits
Other reserves
Debentures outstanding
._„._„___
Accrued interest on debentures outstanding
Notes and bills payable
.
Notes and bills rediscounts. __
„
Deferred rediscounts
.
Interest collected not earned
„__„.
Cash capital rediscount agencies
.
Other accrued interest
.
.
„.
Other liabilities
.
.
Total liabilities.

...

.._„„

.

60, 000, 000. 00
680, 584. 46
907, 691. 82
109, 574. 73
43, 767, 910. 00
565, 183. 10
3, 800, 000. 00
1, 906, 100. 00
298, 499. 94
416, 314. 85
152, 933. 31
10, 241. 34
43, 812. 68
112, 658, 846. 23

FATIOFAL AGKRICTJLTTTKAL CEEDIT COKPORATIOtfS
Under Title II of the agricultural credits act of 1923, provision is
made for the incorporation of national agricultural credit corporations
with a paid in capital of not less than $250,000, and also for the
organization of rediscount corporations with capital of not less than
$1,000,000, the course of procedure in either case being practically
identical with that provided by law for the organization of national
banks. Provision is also made for the conversion of State chartered
agricultural and livestock financing corporations into national
agricultural credit corporations following procedure similar to that
incident to the conversion of State banks to national banking associations. Consolidation of two or more national agricultural credit
corporations is also contemplated and provided for. Supervision of
the incorporation, together with that of the business of such corporations, is imposed by law upon the Comptroller of the Currency.
The powers of these corporations are enumerated in sections 203,
204, 205, 206, and 207 of the act as follows:
SEC. 203. (a) That each national agricultural credit corporation shall have
power, under such rules and regulations as the Comptroller of the Currency may
prescribe—
(1) To make advances upon, to discount, rediscount, or purchase, and to sell
or negotiate, with or without its indorsement or guaranty, notes, drafts, or bills
of exchange, and to accept drafts or bills of exchange, which—



124

REPORT OF THE COMPTROLLER OF THE CURRENCY

(A) Are issued or drawn for an agricultural purpose, or the proceeds of which
have been or are to be used for an agricultural purpose;
' (B) Have a maturity, at the time of discount, purchase, or acceptance, not
exceeding nine months; and
(G) Are secured at the time of discount, purchase, or acceptance by warehouse receipts or other like documents conveying or securing title to nonperishable and readily marketable agricultural products, or by chattel mortgages or
other like instruments conferring a first and paramount lien upon live stock
which is being fattened for market.
(2) To make advances upon or to discount, rediscount, or purchase, and to
sell or negotiate with or without its indorsement or guaranty, notes secured by
chattel mortgages conferring a first and paramount lien upon maturing or breeding live stock or dairy herds, and having a maturity at the time of discount,
rediscount, or purchase not exceeding three years.
(3) To subscribe for, acquire, own, buy, sell, and otherwise deal in Treasury
certificates of indebtedness, bonds or other obligations of the United States to
such extent as its board of directors may determine.
(4) To act, when requested by the Secretary of the Treasury, as fiscal agent of
the United States, and to perform such services as the Secretary of the Treasury
may require in connection with the issue, sale, redemption or repurchase of bonds,
notes, Treasury certificates of indebtedness, or other obligations of the United
States.
(5) To purchase, hold, acquire, and dispose of shares of the capital stock of
any corporation organized under the provisions of section 207, of this title, in an
amount not to exceed at any time 20 per centum of its paid in and unimpaired
capital and surplus.
(6) To purchase, hold, and convey real estate for the following purposes, and
for no others:
(A) Such as shall be necessary for its accommodation in the transaction of its
business.
(B) Such as shall be mortgaged to it in good faith by way of security for debts
previously contracted.
(C) Such as shall be conveyed to it in satisfaction of loans or advances made
or debts previously contracted in the course of its dealings.
(D) Such as it shall purchase at sales under judgments, decrees, or mortgages
held by the corporation or shall purchase to secure debts due to it.
(7) To act as custodian, trustee, or agent for holders of notes, drafts, or bills
of exchange sold or negotiated under paragraphs (1) and (2) of subdivision (a) of
this section or under section 207.
(8) To issue, subject to such regulations as the Comptroller of the Currency
may prescribe, collateral trust notes or debentures, with a maturity not exceeding
three years, and to pledge as security for such notes or debentures any notes, drafts,
bills of exchange, or other securities held by the corporation under the terms of
this title. The regulations of the Comptroller of the Currency may prescribe
the form of notes or debentures, and of notes, drafts, bills of exchange, warehouse
receipts, chattel mortgages, or other instruments which may be pledged as security
therefor, the provisions which may be made with regard to release, substitution,
or exchange of such securities, and with regard to protection, supervision,
inspection, and reinspection of the agricultural commodities or live stock pledged
or mortgaged as security therefor.
(b) The United States Government shall assume no liability, direct or indirect,
for any debentures or other obligations issued under this title, and all such debentures and other obligations shall contain conspicuous and appropriate language,
to be prescribed in form and substance by the Comptroller of the Currency and
approved by the Secretary of the Treasury, clearly indicating that no such liability
is assumed.
(c) Any obligation referred to in paragraphs (1) or (2) of subdivision (a) of
this section, which is secured by chattel mortgage upon live stock of an estimated
market value at least equal to the face amount of such obligation, may be additionally secured by mortgage or deed of trust upon real estate or by other securities, under such regulations as may be made by the Comptroller of the Currency.
LIMITATIONS
SEC. 204. Except as hereinafter provided in section 207 of this title, no
national agricultural credit corporation shall incur liabilities, whether direct or
contingent, in excess of ten times its paid-in and unimpaired capital and surplus;
nor shall any such corporation make advances to or hold notes or other direct



REPORT OF THE COMPTROLLER OF THE CTJBBENCY

125

obligations of any person or corporation, or have outstanding acceptances for
any person or corporation, in an amount exceeding 20 per centum of the paid-in
and unimpaired capital and surplus of such corporation, unless such advances,
notes, acceptances, or other obligations are adequately secured by warehouse
receipts representing readily marketable and nonperishable agricultural commodities, in which event the amount of such advances to, or notes or other direct
obligations of, or acceptances for, such one person, association, or corporation
shall not exceed 50 per centum of such paid-in and unimpaired capital and surplus. No such corporation shall purchase, own, or deal in any live stock except
live stock taken in the course of liquidation of obligations held by it.
INTEREST RATES

SEC. 205. (a) Any national agricultural credit corporation may charge on any
loan or discount made, or upon any note, bill of exchange, or other evidence of
debt, interest at the rate allowed by the laws of the State in which such corporation is located.
(b) The taking, receiving, reserving, or charging a rate of interest greater than
is allowed by subdivision (a), when knowingly done, shall be deemed a forfeiture
of the entire interest which the note, bill, or other evidence of debt carries with
it or which has been agreed to be paid thereon. In case the greater rate of interest has been paid, the person by whom it has been paid, or his legal representative, may recover back in an action in the nature of an action for debt twice the
amount of the interest thus paid from the corporation taking or receiving the
same, provided such action is commenced within two years from the time the
usurious interest was collected.
CAPITAL STOCK

SEC. 206, (a). That no national agricultural credit corporation shall be permitted to commence business with a paid-in capital of less than $250,000; and no
permit to begin business shall be issued to any such corporation by the Comptroller of the Currency until there shall have been filed with him a certificate
signed by the president or treasurer and. by individuals comprising a majority of
the board of directors of such corporation showing that at least 50 per centum
of the authorized capital stock of such corporation has been paid in in cash; and
the remainder of the capital stock of such corporation shall be paid in installments of at least 10 per centum each on the whole amount of the capital, and
the entire authorized capital stock shall be paid in within six months from the
date upon which such corporation shall be authorized by the Comptroller of the
Currency to commence business. The payment of each installment shall be
certified to the Comptroller of the Currency under oath by the president or
cashier of such corporation.
(b) The capital stock of any such corporation may be increased at any time
with the approval of the Comptroller of the Currency by a vote of two-thirds of
the holders of its issued and outstanding capital stock, or by written consent
of all of its shareholders without a meeting and without a formal vote; and may
be reduced in like manner: Provided, That in no event shall such capital stock be
reduced to an amount less than one-tenth of its then outstanding indebtedness,
direct or contingent, or to an amount less than $250,000, nor without at the same
time reducing proportionately outstanding liabilities. No national agricultural
credit corporation, except as herein provided, shall withdraw or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its paid-in
capital, and section 5204 of the Revised Statutes, prohibiting the payment of
unearned dividends or the withdrawal of capital of national banks, shall be held
to apply to national agricultural credit corporations.
(e) The provisions and limitations contained in section 5139 of the Revised
Statutes, relative to transfer of the shares of the capital stock of national banks,
shall apply to national agricultural credit corporations.
(d) Whenever any shareholder or his assign fails, upon demand of the Comptroller of the Currency, to pay his subscription or any part thereof on stock of
any national agricultural credit corporation subscribed to by him, the directors
of the corporation, after 15 days' notice, shall proceed in the manner prescribed
by section 5141 of the Revised Statutes for the collection of unpaid subscriptions
to stock of national banks.
(e) Section 5144 of the Revised Statutes, which relates to the right of shareholders of national banks to vote by proxy, shall be held to apply to shareholders
of national agricultural credit corporations.




126

EEPORT1 OF THE COMPTROLLER OF THE CURRENCY
REDISCOUNT CORPORATIONS

SEC. 207. (a) That national agricultural credit corporations having an authorized capital stock of $1,000,000 or over may be organized under the provisions
of this title, to exercise all the powers enumerated in section 203, except that in
lieu of the powers conferred in paragraphs (1) and (2) of subdivision (a) of such
section, such corporations shall have powers—
(1) Upon the indorsement of any national agricultural credit corporation, or
of any bank or trust company which is a member of the Federal reserve system,
to rediscount for such corporation, bank, or trust company, notes, drafts, bills of
exchange, and acceptances, which conform to the requirements of paragraphs
(1) and (2) of subdivision (a) of section 203. Such indorsement shall be deemed
to be a waiver of demand notice and protest by such corporation as to its own
indorsement exclusively.
(2) To discount or purchase notes, drafts, or bills of exchange issued or drawn
by cooperative associations of producers of agricultural products, provided such
notes, drafts, or bills of exchange are secured at the time of discount or purchase
by warehouse receipts or other like documents conveying or securing title to nonperishable and readily marketable agricultural products, and have a maturity
at the time of discount or purchase not exceeding nine months.
(3) To sell or negotiate with or without recourse any note, draft, or bill of
exchange discounted or purchased hereunder.
(b) National agricultural credit corporations organized under the provisions
of this section, shall not be subject to the limitations contained in section 204,
but the Comptroller of the Currency may, by general regulations, from time to
time prescribe the amount of indebtedness, direct or contingent, which such
corporations may incur, and the aggregate amount of paper of different types
which such corporations may rediscount for any one corporation.
(c) Corporations with powers limited, as provided in this section, shall not ...be
subject to the requirements as to deposit of bonds or other obligations of the
United States, as provided in section 208 of this title.

Section 210 of the act authorizes the investment in the capital
stock of these national agricultural credit corporations by members
of the Federal reserve system to the extent of 10 per cent of the capital
and surplus of the subscribing member banks.
These corporations, supplemented by the organization of rediscounting corporations, will, it is believed, round out the rural credits
scheme supervised by the Government.
Early in 1923 a number of applications were received for authority
to organize national agricultural credit corporations—one in Iowa,
one in Kansas, and one in Texas. There was also received application for authority to convert an Indiana cattle loan company. None
of these cases, however, was pursued to a conclusion, the reason
therefor being the fact that paragraph 1 of section 202 of the agricultural credit act as originally enacted did not authorize an intermediate credit bank to discount the paper of an agricultural credit
corporation organized under the laws of the United States, but only
authorized them to discount such paper when the agricultural credit
corporation was organized under tne laws of a State.
On March 4, 1925, this section was amended so as to authorize the
discounting of the paper of agricultural credit corporations organized
under the laws of any State or the Government of the United States.
In May, 1925, an application was made for the organization of the
Pacific National Agricultural Credit Corporation, at Fresno, Calif.,
and later for the conversion of the Atlantic Grovers Corporation of
South Carolina. The California corporation having complied with
all conditions precedent was authorized to begin business under date
of July 27, 1925, with capital of $500,000 and with the following
staff of officers and directors:



BEPOB.T OF THE COMPTROLUEB OF THE CUEEEISTCY

127

President, T. H. Ramsay; vice president, Harry M. Creech;
cashier, Gerald D. Kennedv; directors, Charles F. Stern, W. E.
Wilcox, I. W. Hellman, G. D." Kennedy, H. M. Creech, T. H. Ramsay,
EL Russell, R. M. Hagen, and A. B. Nordling.
On September 28, the date upon which reports of condition were
made by national banks, the Pacific National Agricultural Credit
Corporation made its initial report. The only existing liability was
the paid in capital stock, amounting to $500,000. The assets were
as follows:
Cash on hand and in bank.,.
United States bonds
Loans
.
Furniture and
fixtures
Other assets

„_„_-____„
„_„______„
__„„_
.

-_-_

$321, 324. 35
130, 439. 67
.
44, 165. 82
__..-395. 10
3, 675. 06
500, 000. 00

The only other case pending in connection with this legislation is
the South Carolina case, the conversion of a State corporation into
the Atlantic Growers National Agricultural Credit Corporation.

UHITED STATES POSTAL SAVINGS SYSTEM
Statistics furnished by the Third Assistant Postmaster General,
with respect to the Postal Savings System, in years ended June 30,
1924-25, showed total resources on the latter date of $138,271,619.82, which exceeded the amount in 1924 by $801,554.56.
At the close of the year 1924 the balance to the credit of depositors
was $132,814,135. Deposits during the year 1925 amounted to
$92,000,349, and withdrawals aggregated $92,641,273, leaving a
balance to the credit of 402,325 depositors, June 30, 1925, of $132,173,211.
Statements showing the financial operations of the Postal Sayings
System in years ended June 30, 1924 and 1925, and the activities of
the system in the several States in the year ended June 30, 1925,
follow:




Comparative balance sheet for June SOi 1925, and June 30, 1934
oo
June 30,1925

Items

June 30> 1924

Increase

Decrease

RESOURCES

Working cash:
Depository banks.
Postmasters

*

$97,759,025.37
131,101,44

. _ _.

Special funds:
Treasurer of United StatesReserve fund
Miscellaneous (working) funds.

i -

6,640,635.18
393,267.54
,

,

358,112.16
15,677. 77
Par value
$9,752,940
26,676,750

9,752,940.00
23, 220,860. 36

36,429, 690

$1,532,355.05
$48,714.39
*fcOfi /lftfi /iRfi 1 ^

,

, ,

870,806. 48
854,271.89

7 QQQ 1 <7A fil

9,504,780.00
23, 220,880. 36
_
.

32,973,800.36 _ _

14.49
79,061. 72
75,974. 21

410 764 Id

§

a
Q

3
w

248,160.00
725, 640. 36

o
r1

248,160.00

137,470,065. 26

188,271,619. 82

B
3

3,102.00

355,010.16
14.49
94, 739.49
...,.,._.

373,789.93

1,483, HO, 66
16,534. 59

6,624,100.59
1, 264,074.02

7,033,902.72

Accounts receivable:
Accrued interest on bond investments _ _
Due from discontinued depository banks
Due from late postmasters . . .
Investments, carried at cost price:
United States bondsPostal Savings 2^'s_
.__
Fourth Liberty 4J£'s

$97,890,126.81

$96, 226, 670. 32
179,815.83

801, 554. 56

32?

LIABILITIES AND SURPLUS FUNDS

Due depositors:
Outstanding principal, represented by certificates of deposit
Accrued interest on certificates of deposit
Outstanding savings stamps
Accounts payable:
Due Postal Service—-Interest and profits
Due discontinued depository banks
_
•
Total liabilities
Surplus funds:
Interest and profits (undistributed earnings) subject to future allocation of
maturing interest charges




132,173, 211.00
3,696,455. 68
61, 231. 90

640,924.00

132,814,135.00
3, 587,872. 23
62,890. 80

108, 583.45

2,129,359.00
1,362. 24

780,039.05

1, 349, 319. 95
1, 362. 24
1,350, 6S2.19

137,244,937.08

816, 682. 74

780,039,05

2,130, 721. 24
138,061, 619.82

- — •

>• •• •
r

210,000.00
138, 271,619. 82

1, 658. 90
533, 999. 45

136,464, 898.03

135,930,898. 58

'••—•

225,128.18
,.

137,470,065.26

15,128.18
801, 554. 56

w

Comparative statement of interest-earning resources and interest-bearing liabilities for June SO, 1925, and June SO, 1924
Items

June 30,1925

June 30,1924

Increase

Decrease

EESOUECES—INTEREST-EARNING

Working cash:
Depository banks
Investments, carried at cost price

_
_

$97,759,025.37
32,973,800. 36

$96,228,670.32
32,725,640. 36

$1, 532,355.05
248,160.00
1,780, 515.05

$130, 732,825.73

$128,952,310. 68

132,173,211.00

132,814,135. 00

$640,924.00

1,440,385. 27

3, 861,824. 32

2,421,439.05

LIABILITIES—INTEREST-BEARING

Due depositors:
Outstanding principal, represented by certificates of deposit..
Excess of liabilities.

o
o

Comparative statement of interest and profits for the fiscal years ended June SO, 1925, and June SO, 1924
Items
Credits:
Interest on bank deposits
_
Interest on bond investments
Miscellaneous receipts
Profit realized on sale of investments
Debits:
Interest credited to depositors
Allowances to postmasters'
Losses by fire, burglary, etc
Erroneous payments, uncollectible items, etc.
Excess of income.




Fiscal y e a r 1925

Fiscal year 1924

Increase

Decrease

o
$2,442,110.48
1,375,161.52
159.84

$1,746, 691.89
2, 764,373.44
2.70
5, 743,206. 92
$3,817,431.84

$695,418. 59
$1,389,211.92
157."l4"
5,743,206. 92
6,436,843.11

$10, 254, 274.9

2,413,517.17

3,048,631.07

158.10
69,564.80

43.70

635,113. 90

H3

tei

w

114.40
69, 564.80

2,483, 240.07

3,048, 674. 77

565,434. 70

1,334,191.77

7, 205, 600.18

5,871,408.41

o
3
a

CO

Summary of postal savings business for the fiscal year ended June SO, 1925, by States

State

United States.
Alabama.Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of ColumbiaFlorida
Georgia
Hawaii
Idaho...:
Illinois-Indiana
Iowa.
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York—_
North Carolina
North Dakota..—
Ohio
Oklahoma
.__.
Oregon
„.._.

Balance to
the credit of
depositors
June 30,
1924

Deposits *

$132,814,135

$92,000,349

388,091
599,554
538, 704
162,126
2,645,051
1,514,017
2,014,963
186,933
342,175
875, 722
271,906
36, 601
1,030, 749
7,985, 524
773, 266
836,356
717,353
287,365
318,557
192,100
183,631
9,080,356
2,649, 662
2,032,915
69,478
2,962,394
2,827,103
301,297
274,943
423,933
3,985,827
282,041
55,804,296
54,430
161, 790
3,141,941
1,092, 748
1,870,997




447, 293
732,799
137,925
2,213,544
1,475,306
1,058, 645
94,364
319, 931
1,563,839
355,472
33,488
1,931,182
4,185,290
435,085
1,513,002
751, 513
159, 365
199, 691
83,511
136,331
5,237, 225
1,458,097
1,761,897
41,552
2,340,384
3,792,187
236,466
210,733
2,542,997
888,194
33,336,478
88,036
402,532
1,526,736
1,937,311
1,405,047

Withdrawals 1

Balance to
the credit of
depositors
June 30,
1925

$92,641,273 I $32,173,211
367,298
418,028
568,918
106,693
2,214,023
1,034,690
1,311,616
124,038
286,104
1,291,087
258,651
48,320
1,366,145
4,611,015
466,723
712,509
429,143
186,205
215,120
114, 524
147,918
5,924,156
1,842,486
1,377,477
36,783
1,954,323
2,580,859
164,180
224,607
231,061
3,018,229
466,419
38,521,286
70,173
167,094
1,698,533
1,122,460
1,256,259

371,455
628,819
702, 585
193,358
2,644,572
1,954,633
1,761,992
157,259
376,002
1,148,474
368,727
21,769
1,595, 786
7,559,799
741,628
1,636,849
1,039,723
260, 525
303,128
161,087
172,044
8,393,425
2,265,273
2,417,335
74,247
3,348,455
4,038,431
336,007
403, 605
3,510,595
703,816
50,619,488
72,293
397,228
2,970,144
1,907,599
2,019,785

Increase in
balances
to the
credit of
depositors a

-384,389
384,420
4,769
386,061
1,211,328
34,710
11,859
-20,328
-475,232
421,775
-5,184,808
17,863
235,438
-171,797
814,851
148,788

Amount at
interest in
banks June
30,1925

Interest
received
from banks

Interest
paid
depositors

Amount
of deposits
surrendered
for bonds

$53,547

$97,898,485.83

$2,442,110.48

$2,304,933. 72

$102,120

48

321,276. 76
640,522. 65

Savings stamps

Sold

-$640,924 | $51,888.10
—16,636
29,265
163,881
31,232
-479
440,616
-252,971
- 2 9 , 674
33,827
272,752
98,821
-14,832
565,037
- 4 2 5 , 725
-31,638
800,493
322,370
-26,840
—15,429
-31,013
- 1 1 , 587

OS
O

84.60
-0.80
23.40
40.80
1,090. 60
269.10
1,230. 50
26.60
318.00
106.00
133. 60
46.10
1,316.80
50.20
45.20
70.50
32.20
16.90
118.90
111. 10
2, 773.00
127. 20
129. 50
20.10
297.20
64.80
161. 20
10.90
320. 70
2,630.40
18.50
19,891.50
4.10
12.10
722.10
81.90
114.10

Redeemed

20
23
775
302
1,450
38
353
113
142
41
1,677
82
43
62
33
17
149
79
2,950
92
138
24
333
58
157
2,812
13
20,622
2
14
722
82
113

183,255.04
2.330,967.86
1,894,126.09
1,207,889.88
149,088. 51
840,872.11
1,033,622. 34
342,997.75
22,265.08
1, 621,371. 72
5,295,579.82
661,577.11
1, 626, 743. 32
952,176. 87
221,144.07
251,579. 50
135,647. 55
112,042.06
6,699,149.41
2,151,369.95
2,382,984.05
81,151. 79
2,978, 622. 28
4,121,290. 51
288,604.18
240,796. 61
305,563.90
2,666,368.08
328,356.47
26,572,182.94
72, 665.01
402,756.42
2.461,457.87
1,896,777.88
1,923,797.98

8,177. 52
15, 642. 44
14,115. 20
4,506. 62
58,531. 36
42,578. 73
33,423. 58
4,169.92
23, 564. 99
22,008.45
7,315.43
703.84
36,092.39
136, 822. 70
15,998.94
29, 651. 76
19,041.03
5, 696.13
6,326. 48
3,639. 65
2,938. 40
174,430. 73
57,444. 95
56,240. 22
1,929.14
65,299. 65
89,871.62
6,848. 49
5,845. 96
7,836.69
71,491. 71
5,997.12
717,516. 64
1,533.06
7,515. 63
61,937.83
38, 514. 66
46,537. 76

6,060. 37
9,159. 65
7,750. 96
3,299. 83
46,371. 49
23,761. 45
38, 748. 23
3,205. 08
5,417. 43
14,743. 76
4,215. 21
560.32
13,380.98
141,803. 80
16,004. 93
11,389. 93
12,285. 25
4,929. 48
5,493. 34
4,476. 24
3,283.98
153,447.64
50,515. 27
26, 520. 53
1,247. 78
48,933. 63
34,426. 75
4,888.07
6,104.50
7,913. 73
69,617.13
2,900.41
997,040. 72
841. 76
1,527. 20
63.098.94
11,512. 52
31,542.86

7,500
2,540
4,000
4,940

5,600
1,700
800
2,300
2,340

1,000
2,000
6,100
2,500
12,020
6,000
400
1,000
700
2,240
9,200
7,500
~1~84G

Pennsylvania..
Porto Rico
Rhode IslandSouth Carolina
South Dakota.
Tennessee
Texas..Utah
Vermont
Virginia
Virgin Islands.
Washington . . .
West Virginia..
Wisconsin
Wyoming--—.
1

11,564,165
155,302
935, 311
120,031
327,980
199,119
851, 787
561,289
97,480
268,028
3,114
317,711
1,129,892
467,114

6,011,125
217, 292
540,113
221,963
718,238
188,449
1,304,580
420,873
31,917
166,715
9,757
4,135,928
193,034
565,300

6,908, 769 I 10,666, 521
164, 463
208,131
804,097
671,327
212,425
129,569
656,723
389,495
237,566
150,002
836,436
1,319,931
387,024
595,138
46,616
82,781
200,409
234,334
6,325
6,546
6,898,572
4,136,273
290,285
220,460
1,091,001
604,191
811,093
1,348,086

-897, 644
9,161
-131,214
92,394
328,743
38,447
468,144

These totals include the amount of $2,292,358 transferred between depository offices.




- 3 3 , 694
3,432
-345
-27,426
-38,891
880,972

2,455,10
15, 615.80
667. 50
22.40
36.70
27.80
99.90
10.60
35.80
183.50
93.80
16.90
85.10
27.60

2,759
15,585
739
12
36
19
116
11
30
161

9,300,007. 67
141, 111. 67
654,520. 34
606,091. 72
205,084.14
1,125,482. 68
580,537. 23
77,670.81
230,287.51

235,619. 28
3, 373. 86
17,450. 29
3,651. 42
10,817.49
4,506. 47
21,245. 65
15,098.09
2,140, 70
6,277.78

88
16
51
28

6,317,342. 50
247,316.89
1,078, 792. 25
1,067,241. 42

159, 530.
5,999.
27, 749.
20,912.

39
55
76
33

209,548. 62
2,079.16
17,397. 50
1, 733. 21
3,196.39
3,995. 73
12, 507. 54
9,536. 78
1,427. 44
5,778.19
23.85
116,844. 95
5,583. 95
20,729. 56
6,131. 70

3,860

'4~866
4~480
......

'""leo
2,"l65
2,100

#

""d
o
g
o

*1

* A minus sign denotes decrease.
O
O

K

w
m
a
3

O

Co

132

BEFOET OF THE COMPTROLLER OF THE CUR&EFCY

SCHOOL SAVINGS BAHKS

Statistics compiled by the savings bank division of the American
Bankers' Association disclosed a remarkable increase in the enrollment
of school children in school savings banks throughout the 39 States
and the District of Columbia from which returns were received as well
as a noticeable increase in the number of participating members and
in the amount of deposits in the school year 1924-25«
The number of schools represented by the returns for the year
1924-25 was 10,183, indicating an increase over the previous year of
11.93 per cent; the enrollment was 3,848,632, an increase of 24.35
per cent; the number of students participating was 2,869,497, an
increase of 28.31 per cent; deposits of $16,961,560 were increased 13.14
per cent; and balances with banks of $25,913,531 were increased 26.81
per cent.
Statistics relative to school savings banks in the 39 States listed
and the District of Columbia for the year 1924-25, with total figures
for prior years since 1919-20, are shown in the following table:
School savingSj hy States, for
Num- Enroll- Particiber of
schools ment pating
Alabama
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia..
Florida
Georgia
Illinois..Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Jersey
New York
North Carolina
Obio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas.
Vermont
Virginia
Washington
West Virginia
Wisconsin
Totals, United States:
1924-25
1923~24_
1922-23
1921-22
1920-21
1919-20




1,619
12
371
35
60
42
93
515
238
265
77
183
85
57
70
846
411
386
3
106
7
70
346
931
43
588
124
28
1,380
308
2
60
20
17
123
212
102
314

3,119
1,933
411,803
4,349
112,650
15,524
28,922
19,014
63,796
176,535
90,543
96,073
27,207
61,888
47, 968
15,275
53,275
343,403
144,388
157,486
1,000
64,506
2,602
40,678
142,326
201,368
15,606
269, 262
44,771
2,545
729,001
83,062
840
33,904
20,000
5,084
67,380
99,545
51,963
98,038

2,776
1,879
196,661
2,384
70,407
20,176
"I2,"O22
42,661
130,328
68,161
49,278
21,942
44,494
36,772
10,641
31,197
166,387
96,746
133,248
1,000
44,922
1,872
16,879
105,057
460,073
12,486
212,090
30,665
1,690
486,306
81,921
400
34,419
2,129
1,875
50,205
86,035
72,617

Deposits

Interest Net savings

$13,814.96 $196. 61 $3, 656. 94 $10, 426, 08
8,629.77
64.97
2,509.18
4,935.96
995,072. 43 93,373.70 659,476.05 3,339,880.77
11,849.30
4,461.04
125.81
50,278.04
606,303.46 12,959.01 405,519.02 992,433. 45
143,352. 76 4,365.41 59.284.98 177,903.01
39,889.30
39,889.30
39,889.30
47, 664. 90
35,105. 71
34,818. 29
156,456. 01 2,684.53 59,539.83 200,954.15
1,002,433.16 18,284.41 317,310.03 1,138,221.79
429,488. 43 10,527.14 159,415.34 538,903. 78
375,453. 01 12,671.95 125,603.98 544,742.76
73,428.18 1,333.70 27,534. 75
79,889.31
222,102. 92 4,974.90 45,119. 42 270,120.05
57,153. 28
12,156. 33 113.940.02
25,562. 85 1,131.12 17.850.99
45.110.11
332.36 68,109. 03
99,381. 65
86,080. 82
981,090.19 15,771. 52 617,130. 28 1,514,009.12
656,881.23 16,901.77 207,380.63
945,806. 23
522,010. 75 2,651.91 385,007.58
936,105.14
8,205. 89
4, 682. 61
4,682, 61
212,845.58 1,713.67 98,425. 08 190,942. 78
3,120. 76
4,258.32
2,129.88
232,096.15 1,960.18 37,781.52
321,619.48
821,921.20 20,772.92 458,450.12 1,245,888.43
2,285,869.32 37,657. 55 1,
,489,125.36 2,783,250.61
699.00 13,398.28
34,685. 64
39, 505. 63
1,168,699.49 37,553.74 338,642. 07 1,799,740. 89
759. 26 178,497.84
193,583.46
594.646.03
370.89
9,233.71
16,106.48
3,720.52
3,222,872. 48 94,056.391, 013,815.44 4,745,931.52
789,095.74 23,974.63 252,359.74 1,080,040.98
891. 56
26.06
457. 84
1,779.47
77,489.66 3,210.02 28,467.39
201,674.30
6,778.80
6,778.80
6,778.80
6,476.43
498.71
15.494.12
7,470.54
222,086. 71
217,925.13 4,663,57 48,433.69
704,540. 97
557,137.891 17,781.18 326,119.14
224,692. 66
140,066.97 3,230.81 49,547.30
503,572.21 10,793.41 170,840. 51 645,134.96

10,163 3,848,632 2,869, 497 „ ,
„.,. 16,961,560.721458,072.81 7,779,922. 55 25,913,531.15
9,080 3,095,012 2,236,326 14, 991,535.40 310,865.918,556,991.27 20,435,144.64
[,
6,6M 3,061,05311,907,851 10, C31,838. 69!184,645.27
'"
11,807, 085. 59
4,78512,241,7051,295,607 5,775,122.32L
6,479,286. 99
3,3161,829,475 802,900 4,158,050.151
5,185,280.93
2,7361,015,653 462,651 % 800,301.1S|
—
4,200,872.32

BEPOBT OF THE COMPTROLLER OF THE CURRENCY

188

SAVXFGS BAFKS IH PEIMCIPAL COUHTEIES OF THE WOELB
Statistics compiled by the Bureau of Foreign and Domestic Commerce, Department of Commerce, relative to savings banks, including
postal savings banks, in the principal countries of the world, on
specified dates, supplemented by information obtained from reports
received in the Currency Bureau from other sources are shown in the
following statement:




Savings banks, including postal savings banks, number of depositors, amount of deposits, average deposit per deposit account and per inhabitant,
by specified countries
(Source: Official reports of the respective countries

Country

Argentina
Austria 2
Belgium
Brazil.Bulgaria
Chile 8
C zechoslovakia_ _
Denmark *
Egypt
Finland
FranceAlgeria .
Tunis. _
Italy
Japan
Formosa...
Chosen....
Netherlands
Dutch East I n d i e s Dutch Guiana
Dutch West Indies..
Norway
Spain
Sweden
Switzerland
United Kingdom..
British India «.
Australia
New Zealand..




Population (000 Date of report
omitted)i

Dec. 31,1922
6,240 Dec. 31,1924
7,666 Dec. 31,1923
30,636 Sept. 30,1923
5,915 Dec. 31,1924
3,870 Dec. 31,1923
13,611
do
3,348 Mar. 31,1923
13,885 Dec. 31,1923
3,435 /....do
t—do
39,210 /Dec. 31,1922
L.-.do
5,564 Dee. 31,1918
2,095 Dec. 31,1923
39,660 /Dec. 31,1924
\____do
59,460 JDec. 31,1922
\Mar. 31,1923
.do.
3,614
17,208
do
/Dec. 31,1921
7,213 \Dec. 31,1923
49,351 Dec. 31,1922
95 Dec. 31,1921
55
.do.
2,714 Dec. 31,1923
rDec. 31,1922
21,658
do.
•ec. 31,1924
6,036
...do
>ec. 31,1918
44,677 /Nov. 20,1924
\ D e c 31,1923
247,003 Mar. 31,1924
5,874 Dec. 31,1924
1,325 /Mar. 31,1925
{....do

Form of savings bank

Postal
„...
Communal and private
General
Federal
Postal
Public
_
Communal and private
Communal and corporatePostal
Private...Postal
Private..
„
Postal
Municipal
Postal
Communal and corporate. .
Postal..
Private.
Postal...
.do—
.....do..
Private.
Postal...
.do...
..do..
..do..
Communal and private.
Private
PostalCommunal and trustee—
Postal
Communal and private.
Trustee
Postal—
.do..
Government and private..
Postal
Private
,

Number
of depositors
(thousands)
681

1,254
2,797

1,589
115
544
129
8,922
7,189
21
5
7,883
27,066
458
1,590
656
1,947
240
14

5
1,861
1,827
423
2,430
717
2,818
2,296
18,404
2,089
735
125

Deposits
(thousands
of dollars)

$15,164
34,134
88,301
41,039
1,917
39,779
303,310
341,614
7,072
38,092
3,138
571,300
223, 980
886
1,396
466, 735
404, 728
151, 271
483,359
3,970
9,655
88,743
115, 930
7,862
400
82
367, 581
229,108
16, 552
642,908
39,905
545, 738
494,886
1,180, 568
74, 018
818,402
224, 288
27,422

Average Average
deposit
deposit, per inaccount habitant
$22.28
22.58
31.72
108.43
214.99
61.60
70.06
24.24
64.03
31.16
43.19
292.58
19.19
17.88
8.67
6.07
135.19
59.54
32.75
28.57
16.46
197.47
125.39
39.16
264. 57
55.62
193. 68
215. 59
64.15
35.43
210. 59
305.09
219.85

$1.74
5.47
11.52
1.34
.32
10.28
22.28
102.03
.51
11.09
.91
14.57
5.71
.16
.67
11.77
10.20
2.54
8.13
1.10
.56
12.30
16.07
.16
4.20
1.50
135.44
10.58
.76
106.51
6.61
140.44
11.08
26.42
.30
139.34
169. 27
20.70

CO

Canada
Union of South Africa
British West Indies
British colonies, n. e. S

Foreign countries, total...
United States and possessions. Philippines
Grand total

9.227 1924
I Mar. 31,1924
7,175 \Mar. 31,1923
1,749 Dec. 31,1921
44,464 1921

Government, postal, and special,.
Postal
___
Private
Government and post office
do

10.59

292
17
115
330

97,710
22,475
4,820
7,584
14,604

76.86
277, 28
65.86
44.25

31.32
6.72
4.34

716,619
(Postal Savings System.
115,821 June 30,1925 \Mutual and stock
do
10,870
Postal

105,381
402
14,540
171

8,252,432
132,173
9,065,181
2,764

68.38
32S. 79
623.46
16.16

11.51
1.14
78.27
.25

843,310

120,494

17,452,550

144.84

20.70

i Thefiguresof population are for the nearest date to which the statistics of savings banks relate.
s Exclusive of the Burgenland.
8 Includes savings deposits in ordinary banks,
* Exclusive of the Faroe Islands.
6 Exclusive of the feudatory States.
The average deposit for the total has been calculated on the amount of $7,206,169,000, the total for the countries showing the number of depositors (exclusive of Austria, Brazil,
Bulgaria, Italy, and Canada).
The amounts in original currencies have been converted at the New York rate of exchange prevailing on date of report. The Canadian dollar has been taken at par.




8

O

hj

H

w
a
w

B

Co

186

BEPOET OF THE COMPTKOLLEB OP THE CURRENCY

EESOUECES OF LEADING- FOBEIGUT BAffKS OF ISSUE

The combined resources of 26 foreign banks of issue, converted at
the existing rates of exchange, on or about June 30, 1925, amounted
to $12,040,233,000, compared with resources of 22 banks of issue,
on or about June 30, 1924, amounting to $10,733,463,000.
During the year ended June 30, 1925, two new currency units
were created—the German reichsmark, equivalent to the pre-war
mark, worth 23.82 cents, and the Austrian schilling, equivalent to
14.07 cents, which replaced at the rate of 1 to 10,000 the crown whoso
par value had been 20.26 cents. Among the countries listed below
the currencies of England, South Africa, the Netherlands, and
Switzerland returned to gold parity.
In the case of a number oi countries whose currencies are below
parity the statements of the central bank make no distinction b™
e
tween gold assets and paper assets. When these statements are
converted into dollars at the current rate of exchange the resulting
figure undervalues the bank's resources.
A statement prepared by the Federal Reserve Board, showing total
assets of 26 banks of issue on or about June 30, 1925, the par of
exchange, and conversions into dollars at par of exchange and at
prevailing rates of exchange follows:
Total assets oj principal central banks about June 80, 1925
[In thousands of local currency and of dollars]

Date,
1925

Austria
Belgium.™
_
Bulgaria
Czechoslovakia
Denmark
England-_
Finland..
France.Germany
_
Greece
Hungary
Italy (3 banks)
Netherlands
Norway
Poland
Rumania
Russia
Spain.
Sweden
SwitzerlandYugoslavia
Peru.
Japan. _
Java
South Africa
Portugal-_

-.»

-

„

.

.

__
_._„
.,
__.
«.

..

—

„
..»——

Total-

„

June 30
June 25
June 30
...do.-.,
do.
_.._
July 1
June 30
...
June 25
June 30
.do
—
...do--..
...do
June 29
-.
June 30
. . . —do—..
June 20
July 1
June 27
June 30
do.
^_._
...do
...do--..
June 27
d
..do.
July
—

Local
currency

Total

Rate of
exchange
on
given
date

Cents
Schilling
1,346, 562 14.051
Franc
7,871, 200 4.60
Lev._.
7, 639, 373
.7314
Krone
8,975, 957
2.9623
.do.
662,134 20.16
Pound
320, 207 486.04
Mark
2,105,250
2. 5218
Franc
48,272, 491
4.65
Eeichsmark.
4, 251,142 23.80
9, 438, 678
Drachma
1. 6783
Krone.
), 647, 426, 862
.0014
Lira
26,218, 555
3.51
Florin
994, 727 40.07
Krone
623, 581 17. 88
Zloty_
723, 635 19.18
.4618
Lev
27,526, 622
Cherwonetz.
271,610
5.141
Peseta
6, 256, 017 14. 52
Krona
848, 652 26.80
Franc.
995, 213 19.42
Dinar
8,945, 802
1. 7459
Pound
7,659
4.130
Yen
2, 241, 435 40.65
Florin
380,320 41.00
Pound
17,135 485. 00
4,102, 788
5.10
Escudo

Total
assets
converted
at rate
of exchange
on given
date

189,205
362, 075
55, 874
i 265, 895
133, 486
1, 556, 331
53, 090
2,244, 071
1, 011, 772
158, 221
135, 084
825,884
398, 587
111, 496
138, 793
127,118
1,396, 347
908, 374
227, 439
193, 270
156,185
31, 632
911,143
155, 931
83,105
209, 242
i 12,040,23.8

1
The apparent reduction compared with last year is due to the separation of certain treasury accounts
since the beginning of the current year.




REPORT OF THE COMPTROLLER OF THE CURRENCY

137

EXPENSES OF THE CUEEElSrCY BUBEATJ
By reference to the table following, showing in detail expenses
relating to the maintenance of the Currency Bureau for the fiscal
year ended June 30, 1925, it will be noted that the aggregate expenses
were $4,954,164.86, of which $1,140,444.97 were paid from appropriations and $3,813,719.89 reimbursements by the banks. The
salary rolls aggregated $412,613.12, of which $223,909.40 were paid
from appropriations and the remainder from a fund reimbursed by
the banks.
Taxes paid by national banks on circulating note issues amounted
to $3,661,819,45. Deducting from this amount the expenses of the
bureau paid from congressional appropriations, $1,140,444.97, leaves
the net income to the Government on account of the tax on circulation at $2,521,374.48.
Expenses incident to maintenance of Currency Bureau and net income derived by
Government from taxes on national-bank notes, fiscal year ended June 30, 1925
Expenses
Expenses
paid from ap- reimbursed
propriation
by banks
Salaries:
Regular roll, including retirement fund
„
National currency reimbursable roll, including retirement
fund
_
_.„
Federal reserve issue and redemption division, including
salary of comptroller as member of Federal Reserve
Board___
_
_
_
Insolvent national-bank division
__...-.._._,
.Total salaries
General expenses:
Printing and binding...
..._„.._.„
Stationery
„
Amount expended for light, heat, telephone, telegraph,
furniture, labor-saving machines, etc., partially esti«
mated
„
Special examination of national banks, repairs to macerator, etc
Total general expenses
.__„
Currency issues:
National-bank notes—
Paper
._
„ ,_-_
Printing, etc
__„_
_
Plates (reimbursed)
Federal reserve n o t e s Paper
_
Plates, printing, etc
Total currency issues
.__.
Expenses on account of national-bank examining service paid
by banks
_
__
Postage on shipments of national-bank notes
_
_.
Postage on shipments of Federal reserve notes
_
Insurance on shipments of national-bank notes
Insurance on shipments of Federal reserve notes
Total expenses paid from appropriations
Total expenses reimbursed by banks—
Total expenses

_

_._

_

Total
expenses

$223, 909. 40
$67,903. 99
59, 845. 55
GO, 954.18
24,013. 81
7, 961.47
3,986. 51

$412,613.12

4, 683.18
1, 520.18
5,195. 01

1,932. 26

49,292. 42

113,817. 43
764,824. 09

22,133. 00
242, 694. 53
947,590. 72
2,199,807. 4.6
79, 820.18
48,145. 92
24, 785. 03
48, 640. 96

1,140,444. 97

3,813,719.89

Tax paid by national banks on circulating notes
Total expenses of Currency Bureau paid from congressional appropriations
,
Net income to Government from taxes on circulation
>«
.

2, 091, 059. 77
2,199,807. 43
79.820.18
48,145. 62
24,785. 03
48, 640. 96

4,954,164.88

$3,661,819.45
1,140,444.97
- . — - 2,521,374.48

Respectfully submitted.
J. W. MCINTOSH,

Comptroller of the Currency*
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES*






APPENDIX
139

DIGEST OF DECISIONS BELAIIM TO NATIONAL BANKS
[The following Federal cases were reported in vois. 263-267, and pages 1 to 485, vol. 268, United States
Reports and vols. 1 to 6 Federal Reporter, second series. In addition to the Federal cases, 23 selected
State cases have been taken from the Atlantic, Pacific, Northeastern, Northwestern, Southern, and
Southeastern Reporters, and one from the New York Supplement]

CAPITAL STOCK
RESTORATION OF IMPAIRED CAPITAL

Bank selling stockholder's stock to collect assessment ordered to strengthen capital held
not entitled to personal deficiency judgment against stockholder.

(N. C. Sup. 1925.) Bank which assessed its stockholder pursuant to Banking
Law, 1921, section 25a, as added by Public Laws Extra Session, 1921, chapter
56, section 3 (similar to National banking act (U. S. Comp. St. sec. 9767))
to strengthen its impaired capital, held not entitled to personal judgment
against stockholder for amount of assessment in excess of sum realized
from sale of his entire stock pursuant to section 3; its remedy being
restricted to a sale of stockholder's stock. (Elon Banking & Trust Co. v.
Burke, 126 S. E. Rep. 163; 89 N. C. 69.)
Phrase "payable in cash" as found in amendment to general banking act construed.

(N. C. Sup. 1925.) Under Banking Law, 1921, section 25a, as added by
Public Laws Extra Session, 1921, chapter 56, section 3, providing that the
assessment levied against the stockholder to strengthen impaired capital
is "payable in cash," the quoted phrase means the amount of the assessment is presently due, and its payment presently enforceable, but only
by the methods the statute specifies, to wit, a sale of the stock. (Ib.)
CHECKS

Bank is liable for knowingly permitting agent to control funds of principal.

(U. S. C. C. A. 1925.) A bank which, with knowledge that funds belong to
a principal, permits an agent to deposit them to his own credit and withdraw them by his individual checks for his own uses, is liable to the principal
if the agent embezzles the funds, unless he acted within the apparent scope
of his authority, or the principal, with knowledge of his acts, permitted or
ratified the same. (Oklahoma State Bank v. Gallon Iron Works & Mfg.
Co., 4 Fed. Rep., 2d series, 337.)
Estoppel—Requisites of equitable "estoppel," stated.

(U. S. C. C. A. 1925.) To constitute an "estoppel," in the absence of false
representations by the party sought to be estopped, he must have been
guilty of such conduct as to have given the person pleading the estoppel
reason to believe that a state of facts existed inconsistent with those now
asserted against him and in reliance on which he acted. (Ib.)
Plaintiff held, not estopped to assert liability of bank for sums embezzled by its agent
through unauthorized acts of the bank.

(U. S. C. C. A. 1925.) Evidence held to show that plaintiff had no knowledge
that defendant bank was discounting warrants payable to plaintiff on
indorsement by its agent, placing the proceeds to-fche credit of the agent,
and permitting him to withdraw the same on his personal checks, and that
plaintiff was not estopped to assert defendant's liability for the amount
in that manner embezzled by the agent. (Ib.)
Interest—On recovery for money converted or due on an implied contract, plaintiff is
entitled to interest.

(U. S. C. C. A. 1925.) On recovery on an implied contract for payment of
money or for conversion of money, plaintiff is entitled to interest. (Ib.)
141




142

REPORT OF THE COMPTROLLER OF THE CURRENCY

Bankruptcy trustee held not entitled fo recover fund which had legally vested in another
before bankruptcy.
(U. S. D. C. 1924.) Where a bank received and credited to a depositor a
check given by another depositor which had funds sufficient to pay it,
and which, so far as the bank knew, was solvent, though in fact insolvent,
the transaction between the parties was completed and the bank was
required to apply so much of the drawer's funds as necessary to the payment of the check, and the fact that it failed to do so does not entitle the
trustee of the drawer, on its subsequent bankruptcy, to claim the fund.
(In re Smith, Lockhart & Co., trustee in bankruptcy, v. Mercantile Trust
& Deposit Co., 3 Fed. Rep., 2d series, 444.)
Bank held to have made illegal disbursement of funds of bankrupt estate.
(U. S. D. C. 1924.) On the day of bankruptcy but before the filing of the
petition and without knowledge of its insolvency, the bank in which
bankrupt was a depositor received checks given by it through the clearing
house and charged the same to its account. By the clearing-house rules
it had the riglrt>to return the checks at any time before 12 o'clock, and by
custom the time limit might be waived and return permitted up to the
time of closing of the exchange for the day. Learning of bankrupt's
embarrassment and fearing that it might not have sufficient funds of
bankrupt because of uncollected checks deposited, the bank sought and
received permission to return the checks and duly credited them to bankrupt's account. This was after 12 o'clock and after filing of the petition.
Later, finding that it had sufficient funds, the bank refunded the amount of
the checks to the presenting banks. Held, that the waiver of the time
limit by the presenting banks and acceptance of return of the checks put
the parties in the same position as when the checks were first presented;
that the bank was not legally bound to make the refund and was without
right to do so from funds which then belonged to the bankrupt estate. (Ib.)
CERTIFICATION OF CHECKS

Drawer discharged of liability on check, where payee caused it to be certified by bank
on which it was drawn.
(U. S. C. C. A. 1925.) Drawer was discharged of liability on check given
in payment of goods, in view of General Laws, Massachusetts, chapter 107,
sections 210, 211, where payee caused check to be certified by bank on
which it was drawn, which deducted and charged drawer's account wjlth
amount thereof and then closed its doors, and drawer lost any dividends
to which he would have been entitled on amount of check. (Linsky v.
United States, 6 Fed. Rep., 2d series 869.)
Drawer of check, certified at his request before delivery, may stop payment to payee
obtaining check by fraud.
(N. J. App. 1924.) A drawer of a check, which has been certified at his
request before delivery, may recall the same and require the certifying
bank to refuse payment to the payee named therein, if such payee is not
a bona fide holder for value, but has obtained the check by fraud perpetrated by him upon the maker. (Sutter v. Security Trust Co., 126
Atl. Rep. 435.)
Rule stated as to defenses open to bank sued by payee of check, certified at request of
drawer, but who has stopped payment.
(N. J. App. 1924.) Upon suit by the payee named in the check against the
certifying bank upon its refusal to pay, after notice from the drawer to
stop payment, for reasons showing the payee not to be a bona fide holder
thereof for value, the bank can urge and have the benefit of any defense
that the drawer could have against such payee, establishing that such
payee obtained the instrument, or any signature thereto, by fraud, duress,
or force and fear, or other unlawful means, or for an illegal consideration.
(Ib.)
Rule stated as to right of drawer of check, certified at his request, to stop payment
as against indorsee not in due course.
(N. J. App. 1924.) The right of the maker of a check, certified at his request
before delivery, is the same against an indorsee holder, who is not a holder
in due course, as is his right to stop payment against the payee who is not
a bona fide holder for value. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

143

Drawer of check, certified at his request before delivery, can not stop payment as
against bona fide holder; drawer of check, certified after delivery at request of payee
or holder, can not slop payment.
(N. J. App. 1924.) Such rule has no application to a certified check held by
a payee who is a bona fide holder for value, nor to a holder in due course,
although certified at the request of the drawer before delivery, nor where
the check, after delivery, is certified at the request of the payee or holder,
db.)
CLEARING HOUSE
Time of payment-of checks presented through clearing house.
(U. S. D. C. 1924.) In contemplation of law, payment of checks presented
through a clearing house has not been made until expiration of the time
within which, under the clearing-house rules, the presenting banks are
bound, on demand, to accept their return. (In re Smith Lockhart & Co.,
Trustee in Bankruptcy v. Mercantile Trust & Deposit Co., 3 Fed. Rep.
2d series, 444.)
Clearing-house rules may be waived.
(U. S. D. C. 1924.) The rules made by the members of a clearing house for
their mutual convenience and protection may be waived by the bank
which they aim to protect. (Ib.)
Clearing-house rules may have a bearing on rights of outside parties.
(U. S. D. C. 1924.) While the rules of a clearing house are not of their own
force binding on persons not members, such rules and the practice under
them may have a bearing on rights of third persons. (Ib.)
COLLATERAL SECURITIES
Maker not entitled by virtue of his equitable right of set-off as against payee to have
action stayed until indorsee has exhausted other collateral held by it as security
for debt.
(U. S. Sup. 1925.) A note made to the order of a bank in which the maker
had a deposit was indorsed by the payee to another bank as partial security for a larger indebtedness owed by the first bank to the second. The
payee bank became insolvent and the indorsee sued the maker on the
note. Held that the maker was not entitled, merely in virtue of his
equitable right of set-off as against the payee, to have the action stayed
until the indorsee had exhausted other collateral held by it as security
for the debt owed it by the payee—at all events, not in the absence of the
payee as a party. 294 Fed. 798, affirmed. (Sowell v. Federal Reserve
Bank of Dallas, 268 U. S. R. 449.)
Factors.—One advancing money to pay for property and taking title is owner as to
third parties.
(U. S. C. C. A. 1925.) Where one pays for and takes title to goods bought,
he acquires the rights of an owner thereof, though the goods were bought
at the instance of and for the ultimate use and profit of another, who by
agreement is entitled to acquire ownership by complying with stated
conditions. (Sugarland Industries et al. v. Old Colony Trust Co., Old
Colony Trust Co. v. Sugarland Industries, 6 Fed. Rep., 2d series, 203.)
Factors.—Trust certificates held to recognize ownership of bank.
(U. S. C. C. A. 1925.) Defendant, a sugar refiner, contracted with an importer of raw sugar to receive and make advances on sugar imported,
refine and market the same, and account for the proceeds, less its advances,
and refining, handling, and selling charges. Complainant bank advanced
the money to pay for certain cargoes imported, and took title thereto,
which it transferred to defendant, on payment by it of the agreed advances,
taking a trust receipt for each cargo, providing that it should be refined
and sold by defendant, and the proceeds accounted for to complainant,
after deducting the charges in accordance with defendant's contract with
the importer. Held, that as to each cargo there was a separate contract,
that as between complainant and defendant complainant was the owner
of the sugar, and that defendant was without right to deduct from the
proceeds any indebtedness due it from the importer arising out of the contract
 between them. (Ib.)


144

REPORT OF THE COMPTROLLER OF THE CURRENCY

Contract that security given for a debt should be held for any other indebtedness of
the debtor held valid.
(U. S. C. C. A. 1925.) Where complainant bank advanced money to pay
for cargoes of sugar imported, taking title thereto as security, a provision
of the contract with the importer that it should also hold such title as
security for any other indebtedness of the importer to it held valid and
enforceable, as against a third party having claims against the importer.
(Ib.)
COLLECTIONS
Effect of waiver or presentment, notice of nonpayment and diligence in collecting
stated.
(U. S. Sup. 1925.) Failure to present a promissory note for payment at the
payee bank, where it was payable and where the maker had sufficient funds,
or to give notice of dishonor, held not a defense to an action against the
maker by the indorsee holder, in view of provision in the note waiving
"protest, notice thereof and diligence in collecting," and the negotiable
instruments law in Texas, giving effect to such provisions. (Sowell v.
Federal Reserve Bank of Dallas, 268 U. S. R. 449.)
Indorsement of checks in blank and deposit for transmission and collection held not
to transfer title to bank.
(U. S. C. C. A. 1925.) Where checks were indorsed in blank and deposited
for transmission and collection, and bank credited customer's account,
subject to right to charge checks back if payment was not received, title
to checks was not transferred to bank. (First Nat. Bank of Denver v.
Federal Reserve Bank of Kansas City, Mo., 6 Fed. Rep., 2d series, 339.)
Bank accepting check for collection undertakes collection as independent contractor,
and there is no privity between owner of check and correspondent bank.
(U. S. C. C. A. 1925.) Initial bank, accepting check for collection, undertakes collection as independent contractor, in absence of statute or contract
to contrary, and there is no privity of contract between owner of check
and initial bank's correspondent. (Ib.)
Bank may agree to receive check for transmission, and become responsible only for
good faith and discretion in choice of its agent.
(U. S. C. C. A. 1925.) Duties and responsibilities of bank receiving check for
collection depend on contract with owner of check, and it may agree to
receive check solely for transmission to its correspondent, and thus become
responsible only for good faith and due discretion in choice of agent. (Ib.)
Distinction between accepting check ufor collection" and "to be transmitted for
collection" stated.
(U. S. C. C. A. 1925.) Where bank receives check "for collection," it undertakes as independent contractor to collect check by all proper means,
and its responsibility extends to such means, by whomsoever used; but,
where it agrees to transmit for collection, its sole responsibility is to select
and transmit to a competent agent with proper instructions. (Ib.)
First bank to accept bill of exchange for collection becomes agent of and liable to
owner thereof.
(U. S. C. C. A. 1925.) Where owner of bill of exchange indorses and delivers it
to bank to transmit for collection, first bank accepting it for collection
becomes agent of, and liable to, owner. (Ib.)
Correspondent presumed to have accepted checks for collection without limiting
liability, burden being on it to prove contrary.
(U. S. C. C. A. 1925.) Correspondent bank to which checks were transmitted
for collection, is presumed to have accepted them for collection without
limitation as to its liability, and burden is on it to show contrary, and it
was therefore immaterial whether correspondent bank knew that transmitting bank had limited its liability, since its liability for its negligence
was same, whether it acted as agent for transmitting bank or for owner.
(Ib.)




REPORT OF THE COMPTROLLER OF TEE CURRENCY

145

Principal and agent—Agent's contract inures to benefit of undisclosed principal.

(U. S. C. C. A. 1925.) Where agent, acting within his authority, enters into
simple contract in his own name for benefit of undisclosed principal,
contract inures to. principal's benefit, and principal may sue in his own
name for breach thereof or of legal duty growing out of it. (Ib.)
Principal and agent—Defenses available against agent are available against undisclosed principal.

(U. S. C. C. A. 1925.) Defenses available against agent to person contracting
with him without knowledge of agency are available against undisclosed
principal. (Ib.)
Correspondent bank held liable to owner of checks transmitted to it for collectionm

(U. S. C. C. A. 1925.) Where checks were indorsed in blank, to be transmitted
for collection under agreement that "this bank will observe due diligence
in its endeavor to select responsible agents, but will not be liable in case of
their failure or negligence," correspondent to which bank sent checks for
collection, and which did not limit its liability, was liable to owner of
checks for breach of its legal duties in collecting checks. (Ib.)

Collecting bank held liable to owner of checks for loss sustained in accepting drawee's
draft on another bank.

(U. S. C. C. A. 1925.) Federal reserve bank, to which checks were transmitted for collection, which accepted draft of drawee on another bank in
payment, was liable to owner of checks for loss sustained, in absence of
authority to accept anything other than monev in payment of checks.
(ib.)
Regulation of Federal Reserve Board held not to authorize Federal reserve bank to
accept draft in payment of check.

(U. S. C. C. A. 1925.) Regulation of Federal Reserve Board, authorizing
Federal reserve bank to act as agent for collection of cheeks on other
banks and to send checks to drawee banks, held not to authorize Federal
reserve bank, in collecting check, to accept from drawee bank a draft in
payment thereof. (Ib.)
Stipulation in bank book held to entitle bank to charge back against depositor's
account amount of dishonored checks.

(U. S. C. C. A. 1924.) Stipulation in bank book, "All out of town items
credited subject to final payment/' gives bank right to charge back
against depositor's account checks for which credit is entered, if dishonored. (City of Douglas v. Federal Reserve Bank of Dallas, 2 Fed.
Rep., 2d series, 818.)
Depositor7s right of action for negligence in collection of check is exclusively against
initial bank of deposit, and not negligent bank, to which it is sent for collection.

(U. S. C. C. A. 1924.) Depositor, who deposited check on out of town
bank, forwarded for collection to third bank, could not sue third bank for
negligence in collection of check, but his right of action was exclusively
against initial bank, notwithstanding stipulation in his bank book, "All
out of town items credited subject to final payment," there being no
privity of contract between depositor and third bank. (Ib.)
Bills and notes—Payment of check by drawee discharges drawer.

(U. S. C. C. A. 1924.)
(Ib.)

Payment of check by drawee discharges drawer.

Credit of checks received by reserve bank; regulation of Reserve Board held valid.

(U. S. D. C. 1924.) The provision of Regulation J of the Federal Reserve
Board that checks received by a Reserve bank from member banks will
be counted as reserve or become available for withdrawal only from a
date fixed by a time schedule based on experience of the average time
required to collect checks, and that reserve bank acts only as agent, is not
in violation of Federal reserve act, section 16 (12) being Compiled Statutes,
section 9799, providing that "every Federal reserve bank shall receive on
deposit at par from member banks or from Federal reserve banks checks
and drafts drawn upon any of its depositors," especially in view of the
provision of section 19, as amended in 1917 (Comp. St. 1918, Comp. St.
Ann. Supp., 1919, sec. 9801), that the reserve of member banks shall be
an "actual net balance." (Pascagoula Nat. Bank v. Federal Reserve
Bank of Atlanta et al., 3 Fed. Rep., 2d series, 465.)



146

REPORT OF THE COMPTROLLER OF THE CURRENCY

Check received for collection not received on "deposit."

(U. S. D. C. 1924.) A check received by bank only as agent and without
assuming any liability except for its own negligence, and guaranty of
prior indorsements, is received for collection and not on "deposit" in
the common sense of the word, as in a general deposit the check becomes
at once the bank's property who owes the depositor the face of the check
or other agreed sum. (Ib.)
"Net"

and "actual" as applied to reserve defined.

(XL S. D. C. 1924.) Within Federal reserve act, section 19, as amended in
1917 (Gomp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 9801), providing
that reserve of member banks must be an actual net balance, "net"
means that all proper charges and deductions have been made from the
account, and "actual" excludes what is merely fictitious or supposed.
(Ib.)
Reserve bank not chargeable with excnange on remittance from member bank in
payment of check.

(U. S. D. C. 1924.) The provision of Federal reserve act, section 13 (1),
as amended in 1917 (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 9796),
permitting banks to make reasonable charges for collection or payment of
checks and drafts and remission thereof, but providing that "no such
charges shall be made against the Federal reserve banks," is valid, and
prohibits a member bank from cha/.-ging exchange on checks drawn on itself
and received for payment and remission from a Federal reserve bank.
(Ib.)
Reserve bank may collect from member banks checks received from outside its district.

(XL S. D. C. 1924.) Under Federal reserve act, section 13 (1), as amended
in 1917 (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 9796), Federal
reserve banks may collect for other Federal reserve banks checks and
drafts drawn on its members or checks sent to it by a member bank of
another district by the authority and for the account of reserve bank of
that district. (Ib.)

Constitutional law—Provision of Federal reserve act held not to deprive bank of
property without due process of law.

(XL S. D. C. 1924.) The Federal reserve act, in requiring a member bank to
pay without deduction checks drawn on it when presented by its reserve
bank, whether paid over its counter or by check on its own deposit elsewhere, does not compel such payment by check, and does not deprive it
of any property or right without due process of law. (Ib.)
Under agreement with collecting bank, its correspondents held agents of depositor.

(U. S. D. C. 1925.) Where a check was deposited in a bank for collection
and credit, subject to an agreement that "this bank acts only as collecting
agent and assumes no liability on account of delay or loss while items are
in transit or until it receives final actual payments from its correspondents," the correspondents through which it sends the check for collection
are not its agents, but agents of the depositor, and any right of action
against them for delay or default is in the depositor. (Capital Grain
& Feed Co. v. Federal Reserve Bank of Atlanta, 3 Fed. Rep., 2d series,
614.)

Duty of collecting bank primarily governed by local law and usage.

(U. S. D. C. 1925.) The duty of a correspondent bank receiving a check
for collection is primarily regulated by the law and the custom of banking
at the place where it does business, but may be affected by special instructions given or agreements made. (Ib.)
Collecting bank not negligent in forwarding check direct to drawee.

(U. S. D. C. 1925.) Under Acts, Georgia, 1919, page 207, section 36, and
Acts, Alabama, 1919, page 856, section 1, similar statutes providing that
checks drawn on a bank in another city, within or without the State,
may be sent for payment by the collecting bank direct to the drawee
bank without incurring liability, provided it has used due diligence in
other respects, a collecting bank located in either of those States is not
chargeable with negligence for following such practice. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

147

Special circumstances may require extra effort by collecting bank.
(U. S. D. C. 1925.) If a collecting bank has knowledge that the drawee bank
is in failing condition and liable at any time to suspend, due diligence may
require that some extra effort at collection be made. (Ib.)
Collecting bank accepting draft in payment takes the risk of its being paid.
(V. S. D. C. 1925.) It is the general rule of law that a collecting bank, which
accepts in payment of the check to be collected the draft of the drawee
on another bank, takes the risk of the draft being paid. (Ib.)
Payment—State law permitting banks to pay checks in exchange held unconstitutional.
(IT. S. D. C. 1925.) Act, Alabama, September 30, 1920 (Acts, 1920, p. 36),
providing that, when a check is presented or forwarded to the payee
bank for payment through another bank or agency, it may at its option
pay or remit the same in money or in exchange drawn on its reserve
agent, is unconstitutional and void as an attempt by the State to make
a class of debts payable at the option of the debtor in something other
than gold or silver coin. (Ib.)
Pleading—Judicial notice will not be taken of regulations of Federal Reserve Board.
(U. S. D. C. 1925.) A regulation of the Federal Reserve Board is not such
departmental action as will be judicially noticed without pleading. (Ib.)
General indorsement carries title to paper.
(U. S. D. C. 1925.) General indorsement for transmission of checks and
county certificates of indebtedness carries title, and transmittee becomes
owner. (Nyassa-Arcadia Drainage Dist. v. First National Bank of Vale
et al., 3 Fed. Rep., 2d series, 648.)
Paper indorsed "for collection" "for account/' etc., remains property of indorser.
(U. S. D. C. 1925.) Checks and certificates of indebtedness indorsed "for
collection," "for collection only," "for account," and for "collection and
returns," remain property of indorser. (Ib.)
Indorsement for "collection and returns" creates relation of principal and agent;
indorsement "collection and credit" indicates relation of debtor and creditor.
(U. S. D. C. 1925.) Draft transmitted for "collection and returns" creates
relation of principal and agent, and within itself is not declaration of
trust respecting funds involved, but indorsement for "collection and
credit" indicates relation of debtor and creditor. (Ib.)
Indorsement "for collection and credit I returns" held ambiguous, requiring extraneous
proof.
(U. S. D. C. 1925.) Indorsement of checks "for collection and credit/
returns" is ambiguous, but in view of further advice not to remit until
actually paid, and a possible custom existing between banks concerned,
ambiguity may be susceptible of satisfactory interpretation. (Ib.)
Rule as to tracing misapplied funds stated.
(U. S. D. C. 1925.) Where insolvent has misapplied funds intrusted to it,
which have been impounded for distribution to insolvent's creditors, it is
not necessary that such funds be actually identified to give owner priority over other creditors, but it is necessary only to show that such funds
were commingled and went to swell impounded assets. (Ib.)
Payment of certificates of indebtedness and checks sent to insolvent bank for collection by check on such bank held not to entitle owner to priority.
(U. S. D. C. 1925.) Where certificates of indebtedness and checks sent to
insolvent bank for collection were paid by checks on such bank, there
was mere shifting of bank's liability, bank's funds not being increased or
decreased thereby, and owner of such certificates and checks was not entitled to priority over other creditors. (Ib.)
Owners of checks sent to insolvent bank for collection resulting in balance against
bank held not entitled to priority.
(U. S. D. C. 1925.) Checks sent to insolvent bank for collection, which
after being cleared in usual way resulted in balance against insolvent
bank in favor of drawee bank, did not increase funds of insolvent bank
and did not entitle owners of checks to priority over other creditors. (Ib.)




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REPORT OF THE COMPTROLLER OF THE CURRENCY

Owners of checks sent to insolvent bank for collection resulting in increasing hank's
assets held entitled to priority.
(U. S. D. C. 1925.) Where checks sent to insolvent bank for collection, on
being cleared, resulted in balance in bank's favor, which was paid by
draft, and draft was credited to collecting bank by bank on which drawn,
its funds were increased by amount of such balance, entitling owners of
checks to priority over other creditors. (Ib.)
Deposit of check presumed deposit for collection, in absence of special agreement.
(Mont. Sup. 1924.) One depositing with bank check drawn on another is
presumed to deposit it for collection, in absence of special agreement.
(Jensen v. Laurel Meat Co., 230 Pac. Rep. 1081.)
Title to check deposited for collection remains in depositor.
(Mont. Sup. 1924.) Title to check deposited for collection remains in
depositor, though depositor is given credit therefor and permitted to
draw against it provisionally. (Ib.)
Federal Reserve Bank, in accepting check for collection for payee, became latter's agent
(Mont. Sup. 1924.) Federal Reserve Bank, in accepting check forwarded
to it for collection by bank in which it was deposited by payee, became
latter's agent. (Ib.)
Mere delivery of check by debtor does not discharge debt to creditor.
(Mont. Sup. 1924.) Mere delivery of check by debtor does n<5t dicharge
debt since a check is only an order for money, the acceptance of which,
in absence of any agreement to contrary, is conditional upon its payment.
(Ib.)
Federal Reserve Bank held not negligent in sending check directly to drawee bank
for collection.
(Mont. Sup. 1924.) Federal Reserve Bank, to which check was sent for
collection, held not negligent in sending check directly to drawee bank
for collection, in view of Revised Code 1921, section 6108. (Ib.)
Forwarding check for payment in usual course of business held to constitute due
diligence.
(Mont. Sup. 1924.) A check was presented for payment with due diligence
under express provisions of Revised Code 1921, section 6109, where it was
forwarded for payment to drawee bank in usual course of business. (Ib.)
Bills and notes—First due presentment of check for payment fixes rights and liabilities of parties.
(Mont. Sup. 1924.) First due presentment, within Revised Code 1921,
section 8468, of a check for payment fixes rights and liabilities of the
parties. (Ib.)
Holder of check permitting funds to remain in hands of drawee, or accepting drawee1 s
draft on third bank, acts at his peril.
(Mont. Sup. 1924.) Where drawee is ready, able, and willing to pay check
when due presentment for payment is made, holder acts at his peril in
permitting funds to remain in hands of drawee, or in accepting in lieu of
money the drawee's draft on another bank. (Ib.)
Act of Federal Reserve Bank in sending check direct to dravjee bank effected u due
presentment for payment."
(Mont. Sup. 1924.) Where check was sent to Federal Reserve Bank for
collection, its act in sending check direct to drawee bank was a "due
presentment" for payment within Revised Code, 1921, section 8468
(Uniform Negotiable Instruments Law, sec. 61). (Ib.)
Drawer's liability held discharged.
(Mont. Sup. 1924.) Where drawee bank, to which check had been forwarded for payment by Federal Reserve Bank, canceled the check,
charged amount thereof to drawer's sufficient account, and delivered its
draft on third bank to Federal Reserve Bank in payment of check, pursuant to custom sanctioned by latter bank, the check was paid so far as
drawer was concerned, and the unauthorized crediting back of amount
of cheek to drawer's account when drawee's draft was dishonored did
not retract the payment. (Ib.)




REPORT OF THE COMPTROLLER OF THE CURRENCY

149

Amount charged to drawer's account in payment of check received from collecting
bank was held by drawee bank to credit of latter bank.
(Mont. Sup. 1924.) Where drawee bank received check for payment from
collecting bank, and charged check to drawer's account, drawee bank
thereby reduced its indebtedness, under Revised Code, section 7701, to
drawer, and amount was no longer subject to withdrawal by drawer,
but was held by drawee bank to credit of collecting bank. (Ib.)
Deposit of check for collection authorizes bank to employ subagents who become
directly responsible to depositor.
(Mont. Sup. 1924.) Deposit of check for collection authorizes bank to
employ subagents who thereupon become agents of owner and directly
responsible to him for their defaults, in view of Revised Code, 1921,
section 6109. (Ib.)
Generally, bank accepting check for collection becomes liable to owner on nonpayment
of draft accepted in lieu of money.
(Mont. Sup.. 1924.) Generally, bank accepting check for collection is authorized to receive money only and has no implied authority to receive draft
instead, and, if it does so, it assumes risk that draft will be paid, and
becomes liable to owner for amount of check. (Ib.)
Collecting bank liable to payee when it accepted draft in payment.
(Mont. Sup. 1924.) Collecting bank, in surrendering check to drawee bank;
and accepting latter's draft in payment of check, made that draft its
own, and on nonpayment became liable to payee. (Ib.)
Payment—Payment of check operated to discharge indebtedness for which it was
given.
. (Mont. Sup. 1924.) Payment of check operated to discharge indebtedness
for which it was given. (Ib.)
Bank receiving check upon itself from correspondent agent to make presentation to
itself.
(Va. Sup. 1924.) When bank receives from its correspondent a check upon
itself, it is an agent for its correspondent to make a presentation to itself.
(Federal Reserve Bank of Richmond v. Peters et al., 123 S. E. Rep. 379.)
Proceeds of check cashed for correspondent bank held trust funds.
(Va. Sup. 1924.) Where remittance method was used by two banks when
one bank cashed check drawn upon itself for its correspondent, proceeds
were impressed with a trust, and relation of debtor and creditor did not
arise, though bank retained actual cash and sent draft to correspondent
bank upon deposit in another bank. (Ib.)
Principal and agent—Authority to do specific thing authorizes doing whatever
necessary to accomplish.
(Va. Sup. 1924.) An authority to do a specific thing authorizes by implication doing of whatever is necessary to accomplish thing authorized,
but not doing of another and separate thing. (Ib.)
Trusts—Mingling of trust fund with general fund does not destroy trust.
(Va. Sup. 1924.) Where bank holds money in trust for an other bank,
mingling of trust fund with general fund does not destroy trust, but serves
to extend trust or lien to whole mass of money. (Ib)
Equity—Equity regards that as done which ought to have been. done.
(Va. Sup. 1924.) Equity regards that as done which ought to have been
done. (Ib)
Assignme?its—Equity—Draft on bank held equitable assignment of fwids.
(Va. Sup. 1924.) Where collecting and paying bank remitted to other
bank by draft on third bank, such draft was an equitable assignment of
funds in latter bank on theory that equity regards that as done which ought
to have been done. (Ib.)




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REPORT OF THE COMPTROLLER OF THE CURRENCY

In determining whether failed bank debtor or trustee, court may look to intention.

(Va. Sup. 1924.) In determining whether or not failed bank is debtor or
trustee of correspondent bank for whom it has collected from itself a
check, court may well look to intention of parties, and if forwarding bank
intends to leave money in hands of collecting bank to be used in usual
course of business it accepts bank as debtor, but, if it demands that
proceeds of checks be immediately returned to it, collecting bank merely
becomes trustee. (Ib.)
DEPOSITS
GENERAL DEPOSITS

Courts—Whether banks are chargeable with interest on checking accounts paid to
depositor after service of trustee process is determined by local law.

(U. S. D. C. 1925.) Whether banks served with trustee process are chargeable with interest on checking account paid to depositor after service of
writ must be determined, if possible, by local law. (United States Shipping Board Emergency Fleet Corporation v. Atlantic Corporation, 5
Fed. Rep., 2d series, 529.)
Title to money in general deposit in commercial bank passes to bank, and bank's
contract is to honor depositor's checks.

(U. S. D. C. 1925.) Title to money deposited in general deposit in commercial bank passes to bank, and relation of debtor and creditor is created;
bank's contract being to honor depositor's checks so long as it has sufficient funds to do so. (Ib.)
Special deposit subject to depositor's check remains property of depositor.

(U. S. D. C. 1925.) Fund, deposited in bank for special purpose subject* to
depositor's check, remains property of depositor. (Ib.)
Garnishment—Bank served with trustee process held not liable for interest on checking
account subsequently paid to depositors; " absolutely and without any contingency."

(U. S. D. C. 1925.) Where interest was paid on daily balances of checking
accounts at rates subject to modification or termination a t any time by
bank, and dependent on whether depositor was borrower, interest was not
part of original debt nor due "absolutely and without any contingency,"
within General Laws, Massachusetts, chapter 246, section 32, and bank
was not liable for interest paid to depositor after service of trustee process.
(Ib.)
•
DEPOSITS—WHEN DEPOSITOR BECOMES BANKRUPT

Evidence held to show bankrupt's deposit in bank general, and not special deposit to
protect particular investors.

(IT. S. C. C. A. 1925.) Evidence held to show that money deposited in bank
by bankrupt when insolvent was general deposit, and not special deposit
to protect particular investors. (Cunningham v. Merchants' National
Bank of Manchester, N. H. In re Ponzi, 4 Fed. Rep., 2d series, 25.)
Understanding depositor should keep deposit sufficient to satisfy claims of local
investors held not to prevent deposit from being general.

(IT. S. C. C. A. 1925.) Understanding between bank and depositor that
depositor should keep deposit in bank sufficient to satisfy claims of local
investor held not to prevent deposit from being general deposit, subject
to check. (Ib.)
That bank suspected depositor's business not legitimate held not to show it knew of
his insolvency.

(IT. S. C. C. A. 1925.) That bank had suspicion, or that its officer realized,
that bankrupt depositor's business was not legitimate, was insufficient to
show that bank knew depositor was insolvent. (Ib.)
Duty of bank to inquire into depositor's financial condition before closing his account
and holding deposits for future bankruptcy trustee.

(IT. S. C. C. A. 1925.) I t would be duty of bank to inquire very carefully
into financial condition of depositor before closing his account and holding
deposits for future bankruptcy trustee, even if bank had right to take such
action. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

151

Bank can not question legitimacy of depositor's disbursements.
(U. S. C. C. A. 1925.) Under ordinary circumstances it is duty of bank
receiving money on deposit to pay it out on depositor's order, and it can
not question legitimacy of his disbursements. (Ib.)
Bank may decline to pay check exceeding amount deposited.
(U. S. C. C. A. 1925.) Where there are not sufficient funds to pay check,
bank may legally decline to pay what it has on deposit as partial payment
of check. (Ib.)
Banks under no legal duty to warn investing public as to financial condition of
depositors.
(U. S. C. C. A. 1925.) Banks are under no legal duty to warn investing
public as to financial condition of their depositors. (Ib.)
Persons securing unlawful preference and bank aiding therein held not guilty of
hindering, delaying, or defrauding creditors.
(U. S. C. C. A. 1925.) That persons in whose favor bank paid bankrupt's
checks and vouchers obtained unlawful preference would not necessarily
show that such persons and bank hindered, delayed, or defrauded creditors,
within bankruptcy act, section 67e (Comp. St., sec. 9651), or render bank
liable, since bank received no money or benefit from bankrupt. (Ib.)
Bankrupt's creditors not guilty of securing fraudulent preference, without distinct,
intent so to do.
(U. S. C. C. A. 1925.) Bankrupt's creditors are not guilty of securing fraudulent preference, without distinct intent so to do. (Ib.)
Bankrupt's deposit in bank not fraud on creditors; "fraudulent transfer."
(U. S. C. C. A. 1925.) Bankrupt's deposit in bank of money to his own
credit is not "fraudulent transfer" of property as against creditors, in
violation of bankruptcy act, section 67e (Comp. St., sec. 9651). (Ib.)
In absence of fraud or collusion by bank in paying bankrupt's checks and vouchers
while he was insolvent, bank not liable.
(U. S. C. C. A. 1925.) Where there wras no fraud or collusion by bank in
paying bankrupt's checks and vouchers while he was insolvent, to investors from whom money had been obtained by bankrupt's fraud, bank
was not liable to trustee in bankruptcy, under bankruptcy act, section
67e (Comp. St., sec. 9651). (Ib.)
Bank not liable, as participating in fraudulent transfer of bankrupt's deposit to
defrauded investors, without actual fraud.
(U. S. C. C. A. 1925.) Bank, in absence of actual fraud, would not be
liable for paying bankrupt depositor's checks and vouchers to defrauded
investors, even though bankrupt thereby made transfer, in violation of
bankruptcy act, section 67e (Comp. St., sec. 9651). (Ib.)
Appeal and error—Findings in equity case should not be disturbed, unless clearly
wrong.
(U. S. C. C. A. 1925.) Trial court's findings in equity case should not be
disturbed, unless clearly wrong. (Ib.)
Check protested because in excess of deposit held not revocation of depositor's order
to pay vouchers.
(U. S. C. C. A. 1925.) Drawing of check, which was protested because for
sum greater than deposit, did not in itself revoke bank's authority t@
pay smaller checks afterwards presented, or depositor's order to bank t@
pay certain vouchers, so long as there were funds in depositor's account
sufficient to pay them. (Ib.)
Bankruptcy act does not authorize recognition of fraud not denounced therein, nor
impose penalties on persons who received no benefits.
(U. S. C. C. A. 1925.) Bankruptcy act (Comp. St., sees. 9585-9656)
does not authorize recognition of any fraud not distinctly denounced*
therein, nor does it impose penalties on persons who have received n©
benefits from bankrupt's transfers of property. (Ib.)
67746°—261
11



152

REPORT OF THE COMPTROLLER OF THE CURRENCY

Trusts—Depleted trust funds mingled with other moneys can not be treated as reap"
pearing in sums subsequently, deposited.

(XL S. C. O. A. 1925.) Where one has deposited trust funds in his individual
ba,nk account and mingled fund is at any time wholly depleted, trust
fund is thereby dissipated and can not be treated as reappearing in sums
subsequently deposited to credit of same account. (In re Ruskav et al.
Petition of Crellin, 5 Fed, Rep., 2d series, 143.)
Bankruptcy—Whether bankrupts7 bank balance should include checks deposited
after banking hours on that day held question of law reviewable by petition to
revise.

(U. S. C. C. A. 1925.) Whether bankrupts' deposit, in their bank account
after banking hours, of checks received from claimant for purchase of
stock, should be included in balance of their account for that day for
purpose of determining whether fund was depleted, was question of law
re viewable by petition to revise. (Ib.)
"Deposit slip" defined.

(U. S. C. C. A. 1925.) "Deposit slip" is acknowledgment that amount
named therein has been received by bank; it is receipt intended to furnish
evidence as between depositor and depositary that on given date there
was deposited sum named therein, time of deposit, and amount deposited.
(Ib.)
Issuance of deposit slip admits relation of debtor and creditor for amount stated
therein.

(U. S. C. C. A. 1925.) Issuance of deposit slip is admission by bank that
relation of debtor and creditor has been created as "to amount stated
therein, and creation of that relationship does not depend on whether
bank's agent, whose duty it is to do so, thereafter enters deposit in depositor's account, but rights of parties must be determined by real state
of accounts. (Ib.)
Bank clerk whose duty it is to enter deposits is agent of bank, and not of depositor.

(U. S. C. C. A. 1925.) Bank clerk whose duty it is to enter deposits is
agent of bank, and not of depositor. (Ib.)
Mule that banks close at 8 o'clock does n&k prevent receipt or payment of money after
that hour, nor affect legal relations of parties.

(U. S. C. C. A. 1925.) Rule that banks close at 3 o'clock is merely regulation for convenience of bank, and does not prevent receipt or payment
of money after that hour, nor affect legal relations of parties if money is
received or paid out, though transaction does not appear on books of
bank until subsequent day. (Ib.)
Crediting of checks indicates that bank receives checks deposited as cash.

(U. S. C. C. A. 1925.) Intention of parties as to effect of deposit controls,
and presentation of deposit slip with cash and checks for deposit in general account, and crediting thereof to depositor's account, indicates
intention of parties that bank receives checks as cash, in absence of
contrary recital. (Ib.)
In New York, deposit of checks or drafts in ordinary course transfers title and creates
relation of debtor and creditor.

(U. S. C. C. A. 1925.) In New York, deposit in ordinary course of business
of money, or drafts, or checks received and credited as money, vests title
thereto in bank and creates relation of debtor and creditor. (Ib.)
Burden is not on depositor to show when bank entered deposits on its books.

(U. S. C. C. A. 1925.) Burden is not on depositor to show when bank
entered deposit on its books, since it is receipt of deposit, and not time of
its entry, which binds bank. (Ib.)
'

In construing deposit sli2>s, court may consider practical interpretation given thereto
by parties.

(U. S. C. C. A. 1925.) In construing deposit slips, court may consider
practical interpretation given thereto by parties before any controversy
arose. (Ib.)



EEPOKT 0 1 THE GOMPTROLIiEK 03? THE GXJRSMKCX
Bank's entry of deposit and depositor's withdrawals held to show thai cJiecks were
received as cash.
(U.S. C. G. A. 1925.) Bank's entry of deposit of checks, made after banking; hours, and depositor's checking out amount in excess of his credit
balance if deposit had not been counted as cash, held to show that parties
regarded deposit as cash. (Ib.)
Bankruptcy—Title to claimant's checks deposited by bankrupts after banking hours
vested in bank on day of receipt of checks.
(U. S. C. C. A. 1925.) Where bankrupt, after banking hours, deposited
checks received from claimant for stock to be purchased for claimant,
held, in tracing fund on bankrupts' failure to carry out their fiduciary
obligation to purchase stock, that title to checks vested in bank on date
of deposit, and not on following day when checks were entered. (Ib.)
SPECIAL DEPOSITS

Bond securing deposit of bankrupt estates held "security for specific fund," within
bank deposit guaranty statute; "specific"; "generic."
(U. S. D. C. 1924.) Undertaking conditioned that bank designated as
depository for bankrupt estates shall account for such funds held specific
security, making deposit ineligible to participate in guaranty fund, under
Laws Washington, 1917, page 308, section 1 (Rem. Comp. S-tat. 1922,
Sec. 3293); words "specific" and "generic" being relative, "generic"
having reference to class of related things, and "specific" being limited
to particular, definite, or precise thing. (Republic Casualty Co. et al.
v. Scandinavian-American. Bank et al., 2 Fed. Rep., 2d series, 113..)
Whether bank exercised due care in caring for bonds left with it jury question.
(Iowa Sup. 1924.) Whether bank, as bailee of Government bonds left with
it by purchaser, exercised due care legally required of it, held a jury
question, to be determined under proper instructions. (Kubli v. First
Nat. Bank of Pleasantville, 200 N. W. Rep* 434.)
Care required as gratuitous bailee of Government bonds.
(Iowa Sup. 1924.) Bank is not insurer of Government bonds left with it as
gratuitous bailee, but is required to exercise that care which business men
of prudence would exercise in keeping property of like value under similar
circumstances. (Ib.)
Motive or intent immaterial as respects duty of bank caring for bonds left with it.
(Iowa Sup. 1924.) In determining care to be exercised by bank with which
Government bonds have been left, there is no question of good or bad
faith on part of bailee, and motive or intent is not essential ingredient,
nor is care to be exercised measured by care which bank used in respect
to its own property of like kind under like circumstances. (Ib.)
Bank held gratuitous bailee of Government bonds.
(Iowa Sup. 1924.) Bank, caring for Government bonds after purchaser had
paid therefor, held gratuitous bailee, in absence of showing of direct or
indirect benefit to it. (Ib.)
Bank, as gratuitous bailee of Government bonds, liable only for want of ordinary
care.
(Iowa Sup. 1924.) Bank, as gratuitous bailee of Government bonds, was
liable only 5 for want of ordinary care, and mere failure to return bonds
on demand would not constitute conversion, where they were lost without its fault. (Ib.)
Bailment—Degrees, of negligence and care not applied.
(Iowa Sup, 1924.) Division of "slight, ordinary, and great care," with
corresponding degrees of negligence, "slight, ordinary, and gross," no
longer find application in definition of bailments as classified under
common law. (Ib.)




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REPORT OF THE COMPTROLLER OF THE CURRENCY

Trial—Instruction as to care as gratuitous bailee of bonds held erroneous, and not
cured by another.
(Iowa Sup. 1924.) Instruction that whether bank was negligent in care of
bonds gratuitously cared for might be determined and measured by care
it took of its own property or that of its officers of like kind and value
held erroneous, where evidence disclosed that like property belonging to
bank and its officers was kept in same receptacle and was stolen at same
time, and not cured by instruction as to matters to be considered. (Ib.)
Bank not insurer of securities left in its care without compensation.
(N. J. Sup. 1925.) Bank is not insurer of securities left in its care without
compensation, being liable only for negligence. (Holmes v. First Nat.
Bank of Wrightstown, 128 Atl. Rep. 150.)
Bank not liable for bonds left for safekeeping and stolen by cashier, unless negligent.
(N. J. Sup. 1925.) Where bonds were deposited with bank for safekeeping
and stolen by cashier, without knowledge of bank or board of directors,
bank held not liable, unless negligent in employment or retention of
cashier. (Ib.).
Securities in safety deposit box held by bank as bailee and not as trustee.
(Pa. Sup. 1924.) Securities stolen from safety deposit box and converted
into money by cashier and placed to bank's credit were not held by bank
as trustee for owners, within the rule that beneficiary unable to trace funds
is not entitled to prefererence over trustee's general creditors, but bank
was merely a bailee. (In re Conneautville Bank's Assigned Estate, 124
Atl. Rep. 745.)
Owners of securities stolen by cashier from safety deposit box held entitled to fund
realized as against bank's assignee for benefit of creditors.
(Pa. Sup. 1924.) Where securities were stolen from safety deposit box and
converted into money by cashier, owners were entitled to amount realized
from sale on deposit to bank's credit as part of larger sum in other bank,
as against bank's assignee for benefit of creditors, and were not required
to share pro rata with general creditors on failure to follow funds. (Ib.)
Proceeds of sale of securities stolen by cashier from safety deposit box held sufficiently
earmarked.
(Pa. Sup. 1924.) Where securities were stolen from safety deposit box and
converted into money by cashier and proceeds were deposited as a part of
a larger sum on deposit in other bank to credit of cashier's bank, the funds
were sufficiently earmarked to entitle owners thereto as against bank's
general creditors upon insolvency. (Ib.)
ESCHEAT OF BANK DEPOSITS TO STATE

Savings deposits, intangible property.
(U. S. Sup. 1923.) Savings deposits, in a State banking corporation having
its place of business within the State of its creation, are intangible property
subject, like tangible property, to the dominion of the State. (Security
Savings Bank v. State of California, 263 U. S. R. 282.)
Escheat of unclaimed deposit in State bank not violation of the Federal Constitution.
(U. S. Sup. 1923.) A State law requiring a bank, through appropriate procedure, to pay over such deposits, when long unclaimed, to the State as
depositary or by way of escheat, violates no right of the bank under the
contract clause of the Constitution or the due process clause of the fourteenth amendment, since the bank's contracts with the depositors merely
give it the use of the money until called for by proper authority, and payment to the State in obedience to a valid law discharges its obligation to
them. (Ib.)
Essentials of jurisdiction in a proceeding to effect escheat of unclaimed deposit.
(U. S. Sup. 1923.) The two essentials of jurisdiction in a proceeding by the
State to effect an escheat of such unclaimed deposits, in order that the
depositors may be bound and the bank protected, are seizure of the res
at the beginning of the suit and reasonable notice and opportunity to be
heard accorded the depositors. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

155

California law; service of summons.

(U. S. Sup. 1923.) Under the California statutes here involved, seizure of
the res is accomplished by personal service on the bank, in a suit brought
by the Attorney General in Sacramento County, and due notice is given
the depositors by publication in that county of a summons, with a notice,
also, to all other persons to appear and show cause why the money should
not be deposited with the State treasurer. (Ib.)
Impossibility of personal service on depositors.

(U. S. Sup. 1923.) Proof by affidavit that personal service on depositors is
impossible or impracticable is not a constitutional prerequisite to service
by publication in such an escheat proceeding, where the depositors impleaded are only those who are not known to the bank officials to be alive,
whose accounts have not been added to or drawn upon for twenty years,
and who have not filed with the bank, within that time, any notice or
claim giving their then residences. (Ib.)
Publication of summons in particular county.

(U. S. Sup. 1923.) In view of other statutes requiring sayings banks in
California to publish at their several locations annual notices of deposits
not added to or drawn upon during the preceding ten years, with the name,
last known residence and other particulars concerning the depositor, this
court can not say that the escheat statute, in providing for publication of
summons in escheat proceedings in Sacramento County only, was unreasonable. 186 Cal. 419, affirmed. (Ib.)
ACTIONS BY DEPOSITORS

Trading with the enemy act; claims against seized property; suit against United
States.

(U. S. Sup. 1924.) A suit in equity brought under section 9 of the trading
with the enemy act, against the Alien Property Custodian, the Treasurer
of the United States, and a foreign corporation, to establish a debt of the
corporation to the plaintiff, as a claim against its property seized under
the act and held by the Custodian and the Treasurer, is in effect a suit
against the United States, and can therefore be maintained only under
the conditions laid down in the act. (Banco Mexicano De Commercio E
Industria et al. v. Deutsche Bank; Miller, Alien Property Custodian, et al.
263 U. S. R. 591.)
il

Debt arising with reference to property held."

(U. S. Sup. 1924.) Where money was lent by liquidators of a Mexican bank,
at New York, to a German bank, and deposited by the borrower to its
general credit with a trust company in that city, and, after the outbreak
of the late war, before the loan fell due, the deposit with other assets of
the borrower was taken over by the Alien Property Custodian, heldy that
suit to collect the loan could not be maintained by the Mexican bank
under the above statute, since the debt was not one that " arose with
reference to the money or other property held," (Ib.)
Attachment under State law.

(U. S. Sup. 1924.) The fact that, under the law of New York, the debt,
when due, might have been collected by attachment of the property, had
this not been seized under the statute, did not alter the case. (Ib.)
Construction—Legislative history.

(U. S. Sup. 1924.) Legislative history of this statute, including remarks of
a Congressman explaining the bill, held not to determine its construction.
289 Fed. Rep. 924, affirmed. (Ib.)




156

REPORT OF THE COMPTBQLLEB OF THE

Bank's certificate held representation that it had on deposit mortgage indebtedness*
described in loan company's certificate; "said."

(U. Sv Cv C A. 1925.) Where loan company issued "certificate of ownership in fk'st mortgage indebtedness,;" reciting: that it was owner, as agent,
for holder of such certificate, of first mortgage indebtedness in certain
sum,, secured by deed of trust on described property, and that "said mortgage note and securities" had been deposited with named bank for benefit
of holders of certificates, bank's certificate, following loan company's certificate, as part of same document, that it had "said: securities" 01. deposit "as herein provided," held representation that it had on deposit
first mortgage: indebtedness secured by deed of trust,, referred to in loan
company's ceirtifieate on, the property described therein, since the word
'' said'' retes: to something that has been mentioned above in the -document.
(Greeley Nat. Bank v. Wolf, 4 Fed. Rep,, 2d series, 67.)
Bank, being sued for deceit, could not invoke doctrine of ultra vires.

(U. S. C. C. A. 1925.) In action against bank for deceit, inducing plaintiff to purchase certificate of ownership in mortgage indebtedness,, the
bank could not invoke the doctrine of ultra vires as a defense; such doctrine being inapplicable to a corporation's torts. (Ib.)
Fraud—"Negligence" and "fraud" distingtiished.

(U. S. C C. A.. 1925.) Negligence and fraud are not identical, either in
their nature or effect, since "negligence" is the absence of proper attention
to duty while "fraud" is always a positive and willful device, resorted
to with intent to in some manner injure another, in which the mind concurs
with the act. (Ib.)
Bank, which aided loan company to sell certificate of ownership in mortgage indebtedness by false representation, liable for damages, regardless of whether it vjas a
trustee or a gratuitous bailee,

(U. S. C. C. A. 1925.) Bank, which aided loan company to sell certificate
of ownership in first mortgage indebtedness by false representation that
it held on deposit deed of trust securing indebtedness, held liable for damages in action for deceit by purchaser of certificate, regardless of whether
it was a trustee or gratuitous bailee. (Ib.)
LIMITATION OF ACTIONS

Until demand for balance of American's deposit in Austrian bank, balance not due
and payable.

(U. S. D. C. 1924.) Until demand for payment of balance of American's
deposit: in Austrian bank, balance was not due and payable, (Zimmermann et al. v.. Miller^ Alien Property Custodian et al., 2 Fed* Rep., 2d
series, 629.)
War-—During1 World War and until July 14, 1919, American depositor could not
lawfully demand payment of* deposit in Austrian bank, except on Alien Property
Custodian to fix maturity- date.

(U. S. D. C. 1924.) During World War and thereafter to July 14, 1919,
when trade relations between United States and Austria were resumed,
American depositor could not lawfully make demand for payment of
deposit in Austrian bank, even if bank had agent in United States, and
though bank during war continued to make payments on depositor's
outstanding orders, but depositor could mature deposit by making demand
on Alien Property Custodian under trading with emeny act, section 8
(Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. Zll&nd&h (Ib.)
Wax—Fall in rate @f Austrian exchange at risk of American depositors failing
to demand payment from Alien Property Custodian.

(U. S. D. C. 1924.) Where American depositors in Austrian bank failed to
demand payment of deposit from Alien Property Custodian under trading
with enemy act. Section 8 (Comp. St. ¥918, Comp. St. Ann. Supp. 1919,
sec. 3115J^dd), during period of World War, fail in rate of Austrian
exchange was at their own risk. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

157

War—Cable to Austrian bank, though lacking requirement of legal demand, held
sufficient to fix maturity date of depositor's account.
(U. S. D. C. 1924.) Cable by American depositor to Austrian bank
requesting bank's consent to payment of balance of deposit account out of
bank's funds in hands of Alien Property Custodian to obviate lawsuit,
though lacking some requirements of legal demand, apprised bank that
depositor wanted money and fixed date as of which account should be
settled. (Ib.)
War—Austrian bank's deposit of balance of American's account-with Austrian court
held not to discharge it of further liability and risk of decline in Austrian currency.
(U. S. D. C. 1924.) American depositor's remedy under trading with
enemy act (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 3115-^a3115^j) can not be frustrated by Austrian bank's deposit of balance of his
account with Austrian court under Austrian law, and did not discharge
its obligation, and cast risk of further decline of Austrian currency on
depositor, whose previous demand for payment had been refused. (Ib.)
Bank receiving deposit impliedly agreed to repay same on demand.
(Vt. Sup. 1924.) Defendant bank in receiving deposit by plaintiff's ward
impliedly agreed to repay same on demand. (Holman v. Randolph
Nat. Bank, Randolph Nat. Bank v. Holman, 126 Atl. Rep. 500.)
Demand for repayment of deposit held integral and essential part of contract of
deposit.
(Vt. Sup. 1924.) Where bank in receiving deposit agreed to repay same on
demand, demand for repayment was an integral and essential part of
contract. (Ib.)
Limitation of actions—Statute of limitations held not to begin to run against action
for deposit until demand therefor was refused.
(Vt. Sup. 1924.) Where bank received deposit and agreed to repay same on
demand, statute of limitations did not begin to run against right to recover
money deposited until pavment was demanded by depositor and refused
by bank. (Ib.)
Facts held not to support defense of estoppel in action against bank to recover money
deposited 82 years prior to action.
(Vt. Sup. 1924.) In action by guardian to recover deposit of ward made in
defendant bank 32 years previous, facts pleaded held not to support defense of estoppel. (Ib.)
Some of incidental powers of national bank stated.
(Vt. Sup. 1924.) Discounting and negotiating promissory notes, drafts,
bills of exchange, and other evidences of debt, buying and selling exchange,
loaning money, etc., and receiving of money of others on general deposit,
are among the incidental powers of a national bank in carrying on its
business. (Ib.)
EXCHANGE
Bank's letter of credit held to define its liability and render erroneous consideration
of contract aside from it.
(TJ. S. C. C. A. 1924.) In action by foreign bank on draft drawn in its favor
by foreign consignor of goods against American bank which had issued
an irrevocable letter of credit to consignee, based on defendant's refusal
to honor the draft, held, the letter of credit limited the undertaking and
obligations of defendant, and contract between consignor and consignee
was improperly admitted, (Bank of Taiwan, Limited, v. Union Nat.
Bank of Philadelphia, 1 Fed. Rep., 2d series, 65.)
Grounding refusal to pay draft on particular ground constitutes waiver of all others,
(II. S. C. C. A. 1924.) Bank, grounding its refusal to pay draft drawn under
letter of credit on one ground, must be held to have waived all others.
(Ib.)



158

REPORT OF THE COMPTROLLER OF THE CURRENCY

Defense that 'plaintiff is not bona fide holder not available in action on draft, where
nonpayment was grounded on another theory.

(TJ. S. C. C. A. 1924.) Where a bank, having issued a letter of credit to a
consignee which required draft to be accompanied by bills of lading dated
during September or October, 1920, refused payment of a draft on sole
ground that shipment had not been made as required, it can not subsequently defend on ground that plaintiff was not bona fide holder for value
of the draft. (Ib.)
That actual transportation not commenced as indicated by bill of lading accompanying
draft is not good defense unless holder knew thereof.

(U. S. C. C. A. 1924.) A bank, having issued a letter of credit to a consignee
of goods which required drafts to be accompanied by bills of lading dated
during September or October, 1920, may not refuse payment on ground
that bill of lading, dated October 30, 1920, did not truthfully represent
date of beginning of actual transportation, unless plaintiff, holder of draft,
knew such fact when it acquired it. (Ib.)
Letter of credit held complied with as to ubill of lading"

"shipment."

(U. S. C. C. A. 1924.) Letter of credit, requiring drafts to be accompanied
by bills of lading "dated during September or October, 1920, * * *
for shipment to P.," was complied with, if goods were delivered to transportation company for transportation on October 30, when bills of lading
were dated, though vessel did not clear on that date, as "shipment" does,
not mean clearance, and "bill of lading" is acknowledgment of receipt
of goods for carriage on terms stated. (Ib.)
Question of negligence held for jury.

(U. S. C. C. A. 1925.) Whether defendant bank was negligent in failing to
obtain possession of gold coin, shipped to a third party, subject to defendant's orders for sale by defendant and placing of proceeds to plaintiff's
credit, during a period of 14 days and before the failure of the third party
and the loss of the coin, held, under that evidence, a question for the jury.
(First Nat. Bank, Del Rio, Tex., v. Compania Occidental De Almacenaje,
S. A., 4 Fed. Rep., 2d series, 109.)
Contracts—Name given by parties to their contract does not determine its legal effect.

(U. S. C. G. A. 1925.) The legal effect of what men do is not determined by
the names they affix to their deeds, but the essential nature of their acts
determines, and the law has its own names for the results they achieve.
(Pan-American Bank & Trust Co. et al. v. National City Bank of New
York, 6 Fed. Rep., 2d series, 762.)

Guaranty—Agreement by one bank to reimburse another for the amount paid out on
a letter of credit issued on request of promisor held not a "guaranty."

(U. S. C. C. A. 1925.) A contract between two banks, made by correspondence, held, not one of guaranty, though that term was used, but an agreement by one to reimburse the other for the amount paid out on a letter of
credit issued at the promisor's request. (Ib.)
Bank which procured issuance of letter of credit by another held bound to reimburse
the latter for the amount paid out thereon.

(U. S. C. C. A. 1925.) Where defendant bank, wishing to issue a letter of
credit to a customer, available to a shipper in Brazil, but, being unknown
there, procured its issuance by plaintiff bank, which had a branch in Brazil,
it was bound to reimburse plaintiff for the amount paid out thereon,
which amount was recoverable in assumpsit. (Ib.)
Agreement to reimburse another bank for amount paid out on a letter of credit issued
at its request held not ultra vires.

(U. S. C. C. A. 1925.) Such transaction was in legal effect the issuance of
the letter of credit by defendant itself, which was clearly within its powers,
and its agreement to reimburse plaintiff was not ultra vires. (Ib.)
Bills and notes—"Negotiation" of instrument defined.

(U*. S. C. C. A. 1925.) An instrument is "negotiated" when it is transferred
from one person to another in such manner as to constitute the transferee
the holder thereof. (Ib.)



EEFOKT OF THE COMPTROLLER OF THE CURRENCY

159

In business transactions between a national bank and its foreign branch, they deal
as separate entities.

(U. S. C. C. A. 1925.) A national bank and its foreign branch, organized
underact December 23,1913, section 25 (Comp. St., sec. 9745), are separate
entities as relates to business transactions between them, and a branch
bank, which negotiates a draft drawn against a letter of credit issued by
the parent bank, becomes the legal holder thereof, and their respective
rights in relation thereto are governed by the same rules as between unrelated banks. (Ib.)
Insurance policies required to be attached to drafts drawn against a letter of credit
may be in foreign money.

(U. S. C. C. A. 1925.) The fact that a letter of credit is in dollars does not
necessarily require that policies of insurance required to be attached to
drafts drawn against it must also be in dollars. (Ib.)
Conditions of letter of credit; laws and usages of place of use may be followed.

(U. S. C. C. A. 1925.) Where, at the request of defendant bank, plaintiff
bank issued a letter of credit against which drafts were to be drawn by a
shipper in Brazil, in the absence of any requirement otherwise, it was
permissible for plaintiff to. accept documents required to be attached to
the drafts which complied with Brazilian law and usage. (Ib.)
Letter of credit held irrevocable without seller's consent,

(U. S. C. C. A. 1925.) Letter of credit, after notice to the person for whose
use it was issued, held irrevocable without his consent. (Ib.)
International law—Possibility of acts and decrees of unrecognized de facto government being valid if justice or public policy demand.

(N. Y. App. 1924.) While unrecognized government may be viewed juridically as no government, if power withholding recognition so chooses,
government de facto, though formally unrecognized because deemed
unworthy of place in society of nations, may possibly gain quasi'governmental validity for its acts and decrees, if violence to fundamental principles of justice or public policy might otherwise be done. (Sokoloff v.
National City Bank of New York, 145 N. E. Rep. 917; 239 N. Y. 158.)
Liability of bank for amount deposited in Russian branch held not affected by acts
of Russian Government.

(N. Y. App. 1924.) Liability of national bank, under executory contract to
repay Russian rubles as demanded in amount paid it with which to open
account in Russian branch bank, held unaffected by decrees of Russian
Government nationalizing banks and confiscating deposits as revolutionary
tax. (Ib.)
Liability to repay amount deposited in Russian branch bank held not defeated by
implied condition.

(N. Y. App. 1924.). National bank's liability to repay amount paid it with
which to open account in Russian branch upon its failure to carry out contract to pay in rubles on demand held not defeated by implied condition
that latter's business would be permitted to continue by Russian Government: consideration failing to extent that performance was frustrated.
(Ib.)
Undisclosed intent that performance of agreement with depositor should be governed
by decrees of Russian Government no defense to action for restitution.

(N. Y. App. 1924.) Undisclosed intent by parties to contract for deposit
in bank's Russian branch that performance should be governed by laws
of Russia, and orders or decrees of any government thereof, held insufficient
to exempt bank from liability to make restitution on Russian Government's nationalization of banks and confiscation of deposits, in absence
of agreement varying parties' obligations; especially as such decrees did
not regulate, but thwarted, performance. (Ib.)
Measure of recovery from bank refusing to pay rubles in amount paid it for deposit
in Russian branch stated.

(N. Y. App. 1924.) Measure of recovery on theory of rescission, with right
to restitution of amount paid bank under contract to repay Russian rubles
in amount of deposit in Russian branch, is amount paid, for which no
equivalent has been received, and, on theory of breach of contract by
refusal to pay, is value of rubles, but doctrine of frustration is inapplicable
 either case, where plaintiff makes no claim for profits. (Ib.)
in


160

KEPORT OF THE COMPTEOLLER OF THE CURRENCY

Bank's uxe of money regarded as equivalent of benefit to depositor.

(N. Y. App. 1924.) On bank's refusal to pay in Russian rubles amount paid
it for deposit in Russian branch as agreed, where interest is not demanded
for any period before date of dishonoring depositor's drafts, its use of
money paid without interest must be regarded as full equivalent of any
benefit to depositor from enjoyment of banking facilities while accountwas running. (Ib.)
FEDERAL RESERVE BANKS
JURISDICTION OF SUITS BROUGHT BY FEDERAL RESERVE BANKS

Action brought on promissory note by Federal reserve bank one arising under the
laws of the United States.

(U. S. Sup. 1925.) An action brought on a promissory note by a Federal
reserve bank, a Federal corporation, is an action "arising under the laws
of the United States" within the meaning of Judicial Code section 24,
" First" (a). (Sowell v. Federal Reserve Bank of Dallas, Tex., 268 U. S. R.
449.)
Federal reserve bank not a national bank.

(U. S. Sup. 1925.) A Federal reserve bank is not a national bank, subject
to the provisions of Judicial Code section 24 "Sixteenth." (Ib.)
Assignee clause does not apply where action arises under the laws of the United
States.

(U. S. Sup. 1925.) The assignee clause, Judicial Code section 24, "First"
(a), which forbids the district court to take cognizance of an action on a
chose in action by an assignee which could not have been prosecuted in
that court if no assignment had been made, applies where the sole ground
of jurisdiction is diversity of citizenship, but not where the ground is
that the action arises under the laws of the United States. (Ib.)
STATE BANKS AS MEMBERS

Trust company held to have power to invest in stock of Federal reserve bank as personal security.

(U. S. C. C. A. 1924.) Under Burns' Annotated Statutes, Indiana, 1914,
section 4953, authorizing trust companies to invest in "personal securities,"
such a company held to have power to purchase stock of a Federal reserve
bank. (Hiatt v. United States, 4 Fed. Rep., 2d series, 374.)
Power of trust company to become a member of the Federal reserve system, can not
be questioned collaterally.

(U. S. C. C. A. 1924.) The action of a trust company in becoming a
member of the Federal reserve system, though it might have been questioned by the State of its incorporation, was not such an ultra vires act
as made the tranaction void, so that it can be questioned collaterally,
and its affiliation was validated by a legislative act expressly extending
the power to such companies. (Ib.)
Evidence—Federal court will take judicial notice of Federal reserve banks.

(U. S. C. C. A. 1924.) A Federal court will take judicial notice of the
existence, due incorporation, and functions of a Federal reserve bank.
(Ib.)
Making false entry in report of member bank to Federal reserve bank with intent to
deceive an officer of the latter is an offense.

(U. S. C. C. A. 1924.) Under Revised Statutes, section 5209, as amended
September 26,1918 (Comp. St. Ann. Supp., 1919, sec. 9772), the making
of a false entry by an officer of a member bank in a report to the Federal
reserve bank, with intent to deceive any officer of the latter, is an offense.
(Ib.)
Provision of Federal reserve act permitting State banks to become members of Federal reserve system held constitutional.

(U. S. C. C. A. 1924.) The provision of Federal reserve act, section 9
(Comp. St. sec. 9792), permitting State banks to become members of the
Federal reserve system, is within the powers of Congress and constitutional. (Ib.)



REPOKT OF THE COMPTROLLER, OF THE CURRENCY.

161,

Provision of Federal reserve act held not unconstitutional as affecting power of Siate$
over State banks.

(U. S. C. C. A. 1924.) Federal reserve act, section 9 (4), being Compiled
Statutes, section 9792, making member banks of the Federal reserve sysitem and their officers, agents,, and employees subject to the provisions of
Revised Statutes, section 5209 (Comp. St., sec. 9772), as applied to State
banks, deals only with their relations to the Federal reserve system, and
is not unconstitutional as affecting the powers of the States over such
banks. (Ib.)
GUARANTY
Bank held not liablet wider contract, for debt of another bank.

(U. S. C. C. A. 1924.) An agreement under which defendant bank lent to
another bank a stated sum, to be held on deposit by defendant and used
in payment of certain specified claims against the borrower and checks
drawn by its depositors, as shown by its books, held not to render defendant liable for certificates of deposit issued by the borrower, not mentioned
in the agreement, and especially in- the absence of an allegation that any
part © the sum lent remained in its hands unexpended. (Federal Bank
f
& Trust Co, v. Vaughn etal.,. 1 Fed. Rep., 2d series 979.)
Agreement by. bank to hold deposit during, life of charter party, held not a guaranty.

(U. S. C. (X A. 1924.) An agreement by a national bank to hold a deposit
made by a charterer during the life of the charter, which deposit was
required by the charter party to secure fulfillment of its terms by the
charterer, can not be construed as a guaranty by the bank that the money
would be paid over to the shipowner on the charterer's default. (Coal &
Iron Nat. Bank of the City of New York v. Suzuki et al., 3 Fed. Rep., 2d
series, 764.)

Agreement of bank to hold deposit, under a contract between plaintiff and the depositor,
held not to gwe plaintiff a right of action at law against it to recover the deposit,

(IT. S. C. C. A. 1924.) A charter party required the charterer to deposit with
plaintiff, the owner, a bank guaranty covering one-half a. month > hire,
as a guaranty of his fulfillment of his obligations under the charter.
Defendant bank notified plaintiff that it held a deposit made by the
charterer, to be retained during the life of the charter party. Held> that
the bank, which had no power to execute a guaranty, did not thereby
assume any obligation to pay the money to plaintiff on breach of the
charter by the charterer, which gave plaintiff a right of action at law
against It. (Ib.)

Bank not party to paper may bind itself as guarantor.

(U. S. I>. C. 1924.) A bank m&y become guarantor of commercial paper
to which it is not otherwise a party, but to be valid such guaranty must
not only have been made for a valuable consideration, but it must in
some way have been a part of and incident to its banking business. (Allis.Chaimers Mfg. Co. v. Citizens' Bank < Trust Co., 3 Fed. Rep., 2d series,
f
e
316.)
Guaranty, by bank held within the scope of Us authority..

(XL S.. IX C* 1924.) Plaintiff held aa account against a milling company
foi past o# tke price of the machinery installed in its mall, to which plaintiff *e&aured title as. security. The milling company because largely
indebted, defendant and another bank being its principal creditors.
Alter a conference of creditors* the company executed a. mortgage to the
two banks as trustees, subject to plaintiff s claim, which plaintiff extended,
taking the company's note, guaranteed by defendant bank; the other
bank having failed. The removal of the machinery would have made it
impossible to continue the mill in operation, and from such operation by
a lessee* defendant realized as trustee more than sufficient to pay the
note*. HeM that, un-de? the circumstances, the guaranty was not only a
reasonable-, but a necessary incident to defendant's banking business, and
was within the scope of its power to execute. (Ib.)




162

REPORT OF THE COMPTROLLER OF THE CURRENCY

President held to have authority to execute guaranty.

(U. S. D. C. 1924.) Where a bank took a mortgage to secure an existing
indebtedness to it of over $100,000, on property subject to a prior claim
of less than $20,000, enforcement of which would have seriously imperiled the security, its president, who had been its active business manager for eight years, and accustomed to act for it without formal authority
from the directors, held to have authority, acting in good faith and in its
interest, to execute a guaranty of such claim on behalf of the bank to
secure its renewal. (Ib.)
INSOLVENCY AND RECEIVERS
POWER OF RECEIVER TO DISPOSE OF ASSETS AND COMPOUND CLAIMS

District court1 s order approving sale of national bank's assets by receiver not reviewable
by circuit court of appeals at instance of bank's creditors.

(U. S. C. C. A. 1925.) District court's order approving sale of national
bank's assets, on receiver's application, under Revised Statutes section
5234 (Comp. St., sec. 9821), is not reviewable by circuit court of appeals, on appeal, under Judicial Code, section 128 (Comp. St., sec. 1120),
by bank's creditors, since such proceeding is an ex parte proceeding to
which the bank's creditors are not entitled to be parties and in which
they have no right to be heard, and not a suit, and since funds to be
collected from sale are not subject to disbursement by court, but by
Comptroller, by whom receiver was appointed and is controlled. (Fifer
et al. v. Williams, 5 Fed. Rep., 2d series, 286.)
National bank receiver does not submit himself a7id bank's assets to control of court
by application for approval of sale of assets.

(U, S. C. C. A. 1925.) Application by receiver of national bank appointed
by Comptroller of Currency, under Revised Statutes, section 5234 (Comp.
St., sec. 9821), to district court for approval of sale of assets, does not subject
the receiver and the affairs of the bank to the jurisdiction of, or place
assets of bank under control of, the court in the sense that receiver appointed by court and assets in his possession are under court's control.
(Ib.)
Court has duty to refuse order to sell property of defunct bank, if objections of
creditors are well founded.

(U. S. D. C. 1925.) The ex parte application of a receiver appointed
under Revised Statute, section 5234 (Comp. St., sec. 9821), by Comptroller
of Currencj', for order of sale of assets of defunct bank, is not a judicial
controversy, notwithstanding opportunity for objecting creditors to be
heard, but it is duty of court to refuse to order sale if objections are well
founded. (Ex parte Moore, in re Sale of Assets of First Nat. Bank of
Florence, 6 Fed Rep., 2d series, 905.)
That proposed sale of assets of insolvent bank includes debts not objectionable;
(i
personal property."

(U. S. D. C. 1925.) In view of statute authorizing receiver to sell bad
and doubtful debts and all real and personal property, a proposed sale
of assets of insolvent bank, including debts due it, is not objectionable
for failure to distinguish bad or doubtful from good debts, in view of
meaning of "personal property," which includes everything subject of
ownership not coining under denomination of real estate, and includes
debts and choses in action (citing Words and Phrases, "Personal Property").
(Ib.)
Provision in proposed sale of assets of insolvent bank for payment of small claims
in full held illegal.

(U. S. D. C. 1925.) In view of Revised Statute, section 5236 (Comp. St.,
sec. 9823), requiring comptroller to make a ratable dividend of proceeds
from insolvent bank's assets, proposed sale of assets of insolvent bank
providing for payment in full of certain small claims, amounting in all
to approximately $20,000, held illegal. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

163

Proposed sale of assets of insolvent bank, requiring creditors to accept certificates
of deposit from purchasing hanky illegal.

(U. S. D. C. 1925.) A receiver under national banking act can not compel
a creditor to accept a new debtor for whole or part of his debt, and proposed sale of assets of insolvent bank requiring creditors to receive certificates of deposit of purchasing bank in lieu of their claims against insolvent
bank held illegal as to objecting creditors. (Ib.)
Proposed sale of assets of insolvent hanky allowing purchaser to collect and compound certain assets, held illegal.

(U. S. D. C. 1925.) A proposed sale of assets of insolvent bank, giving
purchasing bank power to sell, collect, or compound certain assets, without
submitting to court such proposition, and where neither receiver nor
comptroller would have any further power, held illegal as amounting to
abdication by receiver of duties. (Ib.)
Terms of sale prescribed by court must not he illegal.

(U. S. D. C. 1925.) Although court has full power to prescribe terms of
sale of assets of insolvent corporations, it may not prescribe illegal terms
which practically nullify provisions of statute, though terms be favored
by a very large majority, and would in all probability be for benefit
of creditors. (Ib.)
ACTIONS AGAINST RECEIVERS

Courts—Action against superintendent of insurance to impress fund in his hands
with trust, held not ll action against State."

(U. S. D. C. 1923.) Where proceeds of bonds and securities stolen from
bank were paid to insurance company, and came into hands of State
superintendent of insurance as official liquidator, held, action against
insurance superintendent by receiver of bank to impress such fund with
trust in favor of bank was not an " action against the State," nor a constitutional officer of it. (Bean v. Stoddard, State Superintendent of Insurance, et al. 2 Fed. Rep., 2d series, 62.)
Trusts—Adequate remedy at law held not to preclude suit to impress fund in hands
of superintendent of insurance with trust.

(U. S. D. C. 1923.) Suit by receiver of bank against superintendent of
insurance to impress trust on proceeds of stolen bonds and securities,
which had been paid to an insurance company and had come into defendant's hands as official liquidator, held not improper, though an adequate
remedy at law might exist under insurance law, New York, section 63.
(Ib.)
Complaint Jield to sufficiently disclose receiver's capacity to sue.

(U. S. D. C. 1923.) Complaint in suit by receiver of national bank to
impress with trust a fund in hands of State superintendent of insurance,
which alleged plaintiff's appointment and assumption of duties as receiver,
held to show sufficient capacity to sue, in absence of specific denial of such
appointment. (Ib.)
Specific instructions to commence action not essential to receiver's capacity to sue.

(U. S. D. C. 1923.) Under Revised Statute, section 5234 (Comp. St.,
sec. 9821),it is the duty of receiver of national bank to collect assets and
debts, and he is not required, as affecting his capacity to sue, to obtain
specific instructions before commencing action for such purpose. (Ib.)
CLAIMS FOR DEPOSIT OF COUNTY FUNDS

State statute held ineffectual to give county preference in distribution of assets of
national hank.

(Iowa Sup. 1924.) Distribution of assets of insolvent national bank being
governed by United States Revised Statutes, section 5236 (U. S. Comp.
St., sec. 9823), which prevails over State statute, Code Supplement 1913,
section 3825a (Code 1924, sec. 12719), is ineffectual to give county preference. (Palo Alto County v. Ulrich et al. 201 N. W. Rep. 132.)



164

REPOBT OF THE COMBTBOIJ^EB OF THE

Counties—Board of supervisors.could not by present designation of county depository
bind subsequent board.
(Iowa: Sup. 1924.) While board of county supervisors is continuous body,
it could not by present designation and approval of depository bond bind
board- as thereafter constituted; (Ib..)
Depositories—Approval1 of bank as county depository held to authorize deposits
therein until approval revoked or new depository named.
(Iowa Slip. 1924.) Where board of county supervisors had designated and
approved bank as county depository under Code 18.97, section 1457, such
approval- was effective, and constituted, authority for deposit therein of
county, funds until revoked or new depository named. (Ib.)
Deposit of check by county treasurer in depository bank held to create relation of
debtor and creditor.
(Iowa Sup. 1924.) Deposit of foreign check by county treasurer in depository bank held under evidence to create relation of debtor and creditor, and
not to. constitute trust fund. (Ib.)
Relation of debtor and or editor- held to arise when bank receives paper and credits
proemds; to customer's checking account.
(Iowa Sup» 1924,) Where customer indorses to bank's order checks or
drafts, and is given credit for amount thereof on his account as cash, and
may check against credit given, in absence of agreement or understanding
to contrary, or proof of circumstances from which it may be inferred, presumption is that title to paper passes to bank, and relation of debtor and
creditor arises. (Ib.)
CLAIMS OF UNITED STATES

Evidence held insufficient: to show insolvency.
(U. S. D^ C. 1924.) Under Revised Statutes section 3466 (Comp. St. Sec,
6372),, giving a preference to debts due by insolvent debtor to United
States, insolvency of bank held not shown by proof that balance disclosed by daily statement was incorrect or that certain bills receivable
were without value, where the statement showed excess of resources over
indebtedness. (United States Fidelity & Guaranty Co. n. Porter, Conrmissioner of Finance of Idaho, 3 Fed. Rep.., 2d series, 57.)
Capital stock not "debt" in determining^insolvency.
(U. S. ID', C. 1924.) In determining question of insolvency, capital stock
and .surplus* in no sense constitute indebtedness of bank, its obligation to
a stockholder not being a debt, but latterJs right being to receive ratable
share of assets after all debts are paid. (Ib.)
Idaho State finance commissioner held not shoion to have taken over bank assets under
assignment.
(U. S. D. C. 1924.) In suit by surety to ha/ve declared a preference its
claims against insolvent State bank within Revised Statutes, sections 3466,
3468; (Comp. St., sec. 6372, 6374), giving a priority to debts due United
States, evidence held insufficient to show that Idaho State finance commissioner took charge of affairs of bank under an assignment by resolution, of board of directors, where such resolution did not purport to be an
assignment, but simply a determination to discontinue business. (Ib.)
Right of surety's preference as for debt due United States; wholly.dependent on, statute.
(U..S. Di G. 1924>) The right of a surety to a- preference under Revised
Statutes, sections 3466,. 3468 (Comp. St. sees, 6372, 6374), giving pref^
erence to debts due the United States, is a creature of statutory law and
exists only in cases where the facts fall strictly within provisions of
statute. (Ib.)
Claim against /insolvent bank based on cashier's checks purchased with Government
funds held entitled to priority.
(U. Sv D;. C. 1925.) A claim against an insolvent bank, based on cashier's
checks purchased by a: poatmistress with fumlfe. belonging to the Government, held; one*in favor of the United; States:with-right to priority of payment- under* Revised Statutes, section 3466 (Comp. St., sec. 637.2.), which
right .-was not affected; by the fact'that the claim was,filed?by, and- allowed
to, the postmistress and afterwards assigned to the United States. (United
States v. Brock, State Bank Com'r. of Louisiana, et al., 5 Fed. Rep., 2d
series, 265.)



BEPORT OJP THE COMPTROLLER OF THE. GUBBBKOY

165

OFFSETS

Surety not entitled to set off claim against insolvent bank; debtor bank can not acquire
right of set-off by acquiring claim against, the bank.
(U. S.. Sup. 1924.) Where a guaranty company executed a bond guaranteeing the xktelity of the president, of a national bank, and another to a
depositor of the bank insuring payment of deposits, and the bank thereafter became insolvent through the frauds of the president and the
guarantor paid the depositor and took an assignment of the depositor's
claim against the bank with approval of the bank's receiver. Held, that
this claim could not be set off by the guarantor as assignee or subrogee
in an action by the receiver upon the bond first mentioned. The doctrine
of relation is a legal fiction invented to promote justice? and never allowed
to defeat the collateral rights of third persons. 295 Fed* 847 affirmed.
(United States Fidelity & Guaranty Co. v. Wooldridge, Receiver of the
National Bank of Clebuxn, 2.68 U. &.. R. 234.)
Set-off and counterclaim—One of two defendants severally liable held entitled to
interpose counterclaim as against objection of want of mutuality.
(XL S. C. C. A. 1924.) In action by receiver of bank on drafts deposited
with it by payee, against latter and drawer, either defendant might set up
as counterclaim any claim pn contract held by it at time bank became5
insolvent; cause of action being several and doctrine of mutuality therefore
being inapplicable. (Richmond Ins. Co. et al. v.. Litteer, 1 Fed. Rep., 2d
series, 311.)
Claim against bank held to arise after Us insolvency, and therefore not subject of
set-off.
(U.. S. C. C. A. 1924.) Where a bank on which check was drawn honored
and paid it in regular course of business by delivery of draft,, and its
receiver thereafter stopped payment on draft to enable him to distribute
bank's estate equitably among creditors, claim of maker of check by reason
of stopping payment of draft could not be interposed as set-off in receiver's
action against maker, since maker's right had inception after insolvency of
bank. (Ib.)
INSOLVENCY OF STATS BANK

Courts—Defendant, by failing to object to form of proceeding, waived right of court
to proceed.
(HI. S, C. C. A. 1925.) Where insolvent State bank was placed under
receivership hy order of district court, although cMmants to fund drawn
into court by petition of receiver were residents of State, and no claim was
for as much as $3,000, by failing to object to form of proceeding, defendant
waived' right of court to proceed, and final adjudication that receiver had
no interest in fund did not affect' jurisdiction theretofore rightfully attached, (George. ©. Harter Bank of Canton, Ohio,«?. Inglis, § Fed. Rep.,
2d. series.. 841,)
Ordinarily bank may,- mt off agmmi deposit debt ckm by depositor.
(U. S. C. C, A.. 1.92:5*) Ordinarily a bank may set. off. a, deposit against a debt,
due it from the depositor, right thereto not r however, being absolute or
paramount to superior equities. (Ib.)
Equity has extended rigki of hank to set off deposit o@ainst debt on theory that one
should not puy- debt ta creditor if he can not compel creditor to pay..
(U. S. C. O. A. 1925.) Where insolvency has intervened, equity has extended right of. bank to set off deposit against debt of depositor to unma~
tured note, on theory that in good conscience one ought not pay debt, to
creditor if he can not ultimately compel creditor to pay debt due him;
right, however, not being paramount to* superior equities. (Ib.)
Equities of claimants- ta deposit of insolvent bunk held superior to right of set-off ef
bank.
(U.. S.. €. : Cl A.. 1*925.).- Wmere company engaged in general banking business
was? pi&£@dl imder receivership,, and bank, after learning thereof, applied
its deposit; in, paymen t of qaaoaatturedb note, equities of claimant to deposit
as--par©ceeds of/sale of shapes of stock and f tracts- intrusted to insolvent, bank,
which were traceable to deoosit, held superior to right of set-off in the
bank. (Ib.)



166

EEPORT OF THE COMPTROLLER OF THE CURRENCY

Collateral held inapplicable to preexisting debt of another bank which absorbed
creditor bank.

(U. S. C. C. A. 1925.) Where collateral was deposited by debtor with C.
bank to secure payment of debt or any of debtor's liabilities to C. bank,
due or to become due, or that may thereafter be contracted, after existing
debt was paid, collateral can not be applied to payment of a preexisting
and unmatured obligation to H. bank, which absorbed C. bank. (Ib.)
INTEREST AND USURY
Penalties imposed on national bank for violating State usury law are forfeiture of
interest and liability for twice amount of interest; remedy under Federal statute
exclusive.

(Ala. Sup. 1924.) Under Revised Statutes of United States, sections 5197,
5198 (U. S. Comp. St., sees. 9758, 9759), national bank charging or receiving higher rate of interest than allowed by law of State where bank is
located, forfeits entire interest, and, if interest has been paid, person
making payment may sue for twice amount of interest paid, and this
remedy is exclusive. (Jones v. Moore, 102 So. Rep. 200.)
Cause of action for interest paid national bank does not accrue until all payments
exceed principal.

(Ala. Sup. 1924.) Cause of action under Revised Statutes of United States,
section 5198 (U. S. Comp. St., sec. 9759), for twice interest paid to national
bank does not accrue, and lender may purge transaction of usury, until
all payments exceed principal. (Ib.)
Mere renewal of note not payment cutting off defense of usury under national
banking act.

(Ala. Sup. 1924.) Mere renewal of note by national bank, including therein
usurious interest, is not such payment as cuts off defense of usury in action
thereon, or limits borrower to his action for penalty for usury paid, under
Revised Statutes of United States, section 5198 (U. S. Comp. St., sec.
9759). (Ib.)
Rule as to effect of part payments on note including usurious interest, as respects
penalties under national banking act, stated.

(Ala. Sup. 1924.) As respects penalties imposed by national banking act
(Rev. St., U. S., sec. 5198 (U. S. Comp. St., sec. 9759)), part payments
of note generally, including therein usurious interest, without application
thereof by agreement of parties, are not regarded as applied first to payment of interest, but if parties by agreement make such application
thereof, it will be treated as if usurious interest had been separately paid,
intent of parties being controlling. (Ib.)
Entire usurious contract not void, but voidable as to interest only.

(Ala. Sup. 1924.) Under national banking law and laws of Alabama, entire
usurious contract is not void, but is voidable as to interest only. (Ib.)
Bills and notes—Usury—Assignee of usurious nonnegotiable paper takes subject to
defenses; renewal binds debtor for full amount.

(Ala. Sup. 1924.) Assignee of usurious nonnegotiable paper without notice
of usury, who pays its full value, takes subject to all defenses available
against payee, but renewal of debt, including usury, binds debtor for full
amount. Lib.)
Usury—Debtor can not set up usury against assignee induced to pay usurious debt.

(Ala. Sup. 1924.) Debtor can not set up usury against assignee of security
induced by him to advance money to pay usurious debt. (Ib.)
Principal and surety—Rights of surety to protection against loss grow out of contract
with principal.

(Ala. Sup. 1924.) Though surety who pays debt is subrogated to remedies
and securities of payee under Code 1907, sections 5385, 5388, he is not in
position of assignee when he enters into obligation, but his right to be
protected against loss grows out of contract with principal. (Ib.)



BEPORT.OF THE COMPTROLLER OF THE CURRENCY

167

Principal and surety—Surety paying usurious obligation without notice not to do sa,
held entitled to recover amount paid.

(Ala. Sup. 1924.) Where surety pays obligation after maturity .without
notice from principal not to do so, he is entitled to recover amount paid
though he had notice of usury in debt, but any collusion with payee to
cut off debtor's right to purge it of usury would place surety in like position
with payee. (Ib.)
Usury—Contract not "usurious" if lender receives something of uncertain value for
loan, unless palpably in excess of legal interest.

(Ala. Sup. 1924.) Contract is not >l usurious" where lender receives something of uncertain value for his loan, even though its probable value is
greater than legal interest, unless so palpably in excess of legal rate as to
show intent to violate usury laws. (Ib.)

Usury—Where stock given as compensation for loan highly speculative, transaction
held not usurious.

(Ala. Sup. 1924.) Where stock given as compensation for loan was highly
speculative, and without real market value, transaction held not usurious.
(Ib.)
Evidence—Receipt and contract held to show third party's notes transferred to secure
plaintiff's note, and not as payment thereof.

(Ala. Sup. 1924.) Receipt and contract reciting that transfer of third party's
notes was contribution toward plaintiff's note, that such note and collateral
was held as security that third party would pay his notes, that plaintiff
note was to be paid from proceeds of third party's notes, etc., held to show
that notes were merely transferred to secure plaintiff's note and not as
absolute payment thereof. (Ib.)
Pledges—Sale of collateral note held not payment of debt.

(Ala. Sup. 1924.) Sale of note held as collateral under conditions whereby
holder may and does reclaim it and stands ready to surrender it% is not
payment of principal debt; Code 1907, section 3302, not being applicable/
(Ib-)
Pledges—Plaintiff took nothing by delay in prosecution of action on note securing
plaintiff's note not due to holder's fault.

(Ala. Sup. 1924.) Where notes of third party given to defendant to secure
plaintiff's note were not paid at maturity, and defendant sued thereon,
plaintiff took nothing by delay in prosecuting action not due to defendant's
fault. (Ib.)
Congress has exclusive power to determine penalty for usury by national bank.

(Idaho Sup. 1924.) It is within the exclusive power of Congress to determine the penalty that may be exacted of a national bank for taking, receiving, reserving, or charging an usurious rate of interest. (Curtis v. Western
Reporting & Credit Co. et al., 230 Pac. Rep. 771.)
Penalty for usurious contracts of national banks limited to forfeiture of interest where
it has not been paid.

(Idaho Sup. 1924.) Congress has limited the penalty for the usurious contracts of national banks to a forfeiture of the interest, where the interest
has not been paid. (Ib.)
No greater penalty than forfeiture of interest can be imposed on national bank in
action on usurious contract.

(Idaho Sup. 1924.) No other or greater penalty can be imposed on a national
bank in an action on an usurious contract than a forfeiture of the interest.
(Ib.)
Evidence—Evidence of alleged usurious transactions other than pleaded as defense to
action on note inadmissible.

(Idaho Sup. 1924.) In an action on a promissory note, where usury is
pleaded as a defense, evidence with respect to other alleged usurious transactions is not admissible. (Ib.)
67746°—261 -12



168

REPORT OF THE COMPTROLLER OF THE CURRENCY

Charge of interest by national bank exceeding 6 per cent was usurious to extent
State law applied.

(Md. App. 1925.) Charge of interest by national bank exceeding 6 per cent
was usurious to extent State law applied. (Penrose v. Canton Nat.
Bank of Canton, 127 At. Rep. 852.)
Where national banh charges excessive interest for loan, either on original or on
renewal note, indorser may be relieved of all interest up to time of suit.

(Md. App. 1925.) Where national bank charges excessive interest for loan,
either on original or on renewal note, indorser may be relieved of all
interest up to time of suit, in view of Revised Statutes of United States,
sections 5197, 5198 (U. S. Comp. St., sees. 9758, 9759). (Ib.)
Usury—Pleas alleging usury held sufficient against demurrer interposed for noncompliance with statutory requirements.

(Md. App. 1925.) Pleas alleging usury held sufficient against demurrer
interposed for noncompliance with code, article 49, section 5, where the
pleas specifically stated the amounts and dates of the original loans,
though they did not give the details of the renewal notes actually sued
on. (Ib.)
National banks may charge corporations any rate of interest agreed upon without
violoMon of usury law.

(Md. App. 1925.) National banks may charge corporations any rate of
interest agreed upon without violation of usury law, in view of code
(vol, 4), article 23, section 100a; hence, in suit "by such bank as payee
.against defendant as accommodation indorse? on corporation note,
defendant could not set up usury. (ID.)
Usury—Exclusion of questions pertaining to usury held not error, usury not being
available defense.

(Md. App. 1925.) In action on note, against accommodation indorser,
exclusion of questions pertaining to usury held not error; usury not being
available defense. (Ib.)
Testimony as to other possible ways of payee bank to obtain additional interest
held properly excluded.

(Md. App. 1925.) Assuming usury was an issue in action bv national bank
as payee on a note on which defendant was accommodation indorser,
where it appeared that interest in addition to the amount named in the
note was collected by the bank in a certain way, exclusion of testimony
as to other possible ways of plaintiff to obtain additional interest held
not error, where such testimony had no appreciable effect on the case,
and the method suggested was not adopted by plaintiff, and there seemed
to be no need of the comparison suggested by way of explanation of the
transaction as it was. (Ib.)
JURISDICTION
Jurisdiction over a suit to administer the assets of an insolvent firm of stockbrokers
does not empower the district court to entertain as dependent or ancillary a controversy between a customer of the firm and a national bank (citizens of the same
State) over money paid the firm by the customer to buy stocks,

(U. S. Sup. 1925.) A controversy is not dependent or ancillary unless it
has direct relation to property or assets drawn into the court's possession
or control by the principal suit. Jurisdiction over a suit to administer
the assets of an insolvent firm of stockbrokers does not empower the
district court to entertain as dependent or ancillary a controversy between
a customer of the firm and a national bank (citizens of the same State) over
money paid the firm by the customer to buy stocks and deposited by the
firm in the bank, and which the bank has set off against notes owing it
by the firm, but which the customer claims as equitably his, free from
the firm's obligations. 295 Fed. Oil reversed. (Fulton National Bank
of Atlanta v. Hozier, Intervener, and Smith, et al., as Receivers of Imbrie
& Co., 267 U. S. R. 276.)




REPORT OF THE COMPTROLLER OF THE CURRENCY

169

LIQUIDATION
National bank is creature of Federal law.
(Colo. Sup. 1925.) A national bank is a creature of Federal law. (McClelland v. Merchants' & Miners' Nat. Bank of Idaho Springs, 238 Pac.
Rep. 774.)
Federal banking act as to transfer of stock of national bank held to control over
State statute.
(Colo. Sup. 1925.) Federal banking act as to transfer of stock of national
bank held to control Colorado C. L., section 2268, notwithstanding stock
was transferred after bank ceased to function as such, and while it was
in the process of voluntary liquidation. (Ib.)
Adoption by national bank of policy^ of voluntary liquidation definitelyfixedas of
such time liability of each stockholder to bank.
(Colo. Sup. 1925.) Adoption by national bank of policy of voluntary liquidation definitely fixed as of such time liability of each stockholder to
bank. (Ib.)
National bank's adoption of voluntary liquidation precluded stockholders frotri
thereafter avoiding liability on stock by transfer thereof.
(Colo. Sup. 1925.) National bank's adoption of voluntary liquidation precluded stockholders from thereafter avoiding liabilit}^ on stock by transfer thereof. (Ib.)
Equitable assignment by stockholder in national bankf of his certificate of stock,
after bank goes into liquidation, does not affect his status as stockholder with its
attendant liabilities.
(Colo. Sup. 1925.) An equitable assignment by a stockholder in a national
bank, of his certificate of stock, after bank goes into liquidation, does not
affect his status as stockholder with its attendant liabilities; the status
of such stockholder remaining unchanged from the date when the bank
goes into liquidation. (Ib.)
National bank going into liquidation has lien for indebtedness upon dividends in
hands of receiver, 'which equity may enforce by set-off.
(Colo. Sup. 1925.) A national bank going into liquidation has lien upon
dividends in hands of receiver, and may properly set off dividends accruing upon shares of stockholder against his indebtedness to bank, and
equity will enforce set-off, when necessary to prevent one of the parties
from losing his payment on account of insolvency of the other. (Ib.)
Trusts—Indebtedness to trust fund of insolvent person, entitled to share in distribution of trust fund, may in equity be set off against his distributive share.
(Colo. Sup. 1925.) Indebtedness to trust fund of insolvent person, entitled
to share in distribution of trust fund, may in equity be set off against
his distributive share. (Ib.)
Act of receiver of liquidating national bank, in setting off accumulated dividends
against stockholder's judgment debt to bank held proper.
(Colo. Sup. 1925.) Act of receiver of liquidating national bank, in setting
off accumulated dividends on shares of insolvent stockholder against
latter's judgment debt to bank, held proper. (Ib.)
Pledgees of certificate of stock in national bank, becoming such during liquidation
of bank, held to acquire rights of assignor subject to cross demands of bank against
assigning insolvent stockholder.
(Colo. Sup. 1925.) As against a judgment creditor, purchasing at execution
sale debtor's certificate of shares of national-bank stock while bank waa
in process of liquidation, prior pledgees of such stock, by assignment and
delivery during such liquidation, held to have acquired all rights of the
assignor with respect to dividends, subject to the cross demands of the
bank against such assigning insolvent stockholder, and the bank's right
in equity to enforce set-off. (Ib.)



170

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets turned over to bank upon organization deemed good when subsequently paid,

(111. Sup. 1924.) Where a national bank was converted into a State savings
bank, through stockholders' agreement to take stock in the State bank,
and a trust company furnished money to be exhibited to the auditor's
agent as the cash capital of the State bank and it was then returned to
the trust company, in an accounting to determine its liability to creditors
by way of estoppel measured by the impairment of the national bank's
capital and surplus, assets turned over to the State bank should be considered good and collectible where they were subsequently paid, notwithstanding an accountant could not place any value on them at the
time of the transfer. (Chicago Title & Trust Co. v. Central Trust Co. of
Illinois, 144 N. E. Rep. 165.)

Trust company assisting in illegal organization not to be prejudiced by failure of
savings bank and receiver to collect assets.

(111. Sup. 1924.) In such case the trust company should not be prejudiced
by any failure of the savings bank or its receiver to use proper diligence
in the collection of the assets turned over to them by the national bank,
and, if a debt transferred was as gqod on that day as cash for banking
purposes, it must be regarded as a good debt. (Ib.)
Valuation placed on notes turned over to bank upon organization as regards liability
of trust company.

(111. Sup. 1924.) In such case notes or claims transferred held to be valued
as of the date of transfer to the savings bank, and, where a note or claim
was afterwards paid in part only, the present worth on the date of transfer
of the payment afterwards made must be taken as the amount collected
thereon. (Ib.)
"Surplus"

and "undivided profits" defined.

(111. Sup. 1924.) The item designated as "surplus" in a bank statement
represents permanent surplus or a liability that is carried permanently
on the books, and is rarely ever decreased or increased except by necessity
in case of loss to the bank, or in case of an increase by reason of a new
declaration of a permanent fund to be carried under that designation, and
"undivided profits'' are the funds usually drawn to pay the declared
dividends of the bank. (Ib.)
Estoppel—Trust company assisting in illegal organization of bank held not liable
to stockholders of bank through estoppel by reason of cash secured from it exhibited
as capital of bank.

(111. Sup. 1924.) Where national bank was converted into a State savings
bank through stockholders' agreement to take stock in the State bank,
and a person interested secured cash from a trust company which was
exhibited to the auditor's agent as the cash capital of the State bank,
and then returned to the trust company, the trust company, though
liable by estoppel to the creditors of the State bank which became insolvent, was not liable to its stockholders. (Ib.)
Undivided profits not treated as liability in accounting against trust company assisting in illegal organization of State savings bank to succeed national bank.

(111. Sup. 1924.) Where national bank was converted into State sayings
bank, and a person interested secured cash from a trust company which
was exhibited to the auditor's agent as the cash capital of the State bank,
and then returned to the trust company, in an accounting to determine
the liability of the trust company to the creditors of the State bank, on
the theory of estoppel, undivided profits of the national bank should not
be treated as a liability. (Ib.)

When liability to stockholders of dissolved national bank deemed to cease in determining liability of one assisting in illegal reorganization as State bank.

(111. Sup. 1924.) In such case, in determining the liability of the trust
company under the theory of estoppel, the entire amount of the national
bank's liability to its stockholders is deemed to have ceased the very
moment they accepted stock in the savings bank, and, as to dissenting
stockholders, the very moment that an interested person purchased their
stock. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

171

Taxation—Stockholders and not bank liable for tax on stock.
(111. Sup. 1924.) Under Revenue Law, sections 35, 39, assessing shares of
stock, and making it the duty of every bank and its managing officers to
retain so much of any dividends belonging to stockholders as shall be
necessary to pay taxes levied upon the shares, the liability is that of the
stockholders and not the bank, and the bank is not primarily liable.
(Ib.)
Trust company assisting in illegal organization not liable for attorney's fee paid
by bank holding note against attorney which could have been set off.
(111. Sup. 1924.) Where a national bank was converted into a State sayings
bank and a trust company furnished cash to be exhibited to auditor's
agent as the cash capital of the State bank, and then returned to the trust
company, in an accounting to determine its liability to creditors of the
State bank on the theory of estoppel, it could not be charged with fees
paid an attorney by the State bank at a time when it held a note of the
attorney due on demand, which could have been set off against the claim
for services. (Ib.)
Trust company assisting in illegal organization not liable for expenses of bank or
its receiver.
(111. Sup. 1924.)- In such case, the trust company can not be charged with
the expenses of the savings bank or the expenses of a receiver in winding
up its affairs. (Ib.)
Salary relinquished not considered in determining liability of trust company to
creditors of bank which it helped to organize without required capital.
(111. Sup. 1924.) In such case, salary relinquished by president of the national bank though subsequently claimed should not be considered as a
liability of savings bank. (Ib.)
Trust company assisting in illegal organization of bank not liable for loss caused
by want of diligence.
(111. Sup. 1924.) In such case, the trust company is not bound by action of
receiver of savings bank in selling assets for less than their value through
want of due diligence in finding out their value. (Ib.)
Contracts—Third party may maintain action on promise made for his benefit.
(111. Sup. 1924.) A third party may maintain an action on a promise made
to another for his benefit. (Ib.)
When indirect liability charged in determining solvency right of indemnity should be
credited.
(111. Sup. 1924.) Where a national bank was converted into a State savings
bank, and cash was furnished by a trust company to be exhibited to the
auditor's agent as the cash capital of the State bank, and then returned
to the trust company, in an accounting to determine the liability of the
trust company, charged, under the theory of estoppel to the creditors of
the State bank, when indirect liability of debtor of the national bank
was charged in determining his solvency, credit should have been given
because of his right to be made good by party primarily liable. (Ib.) *
Payment—Deposit properly applied to oldest note by receiver of bank.
(111. Sup. 1924.) A receiver of a bank holding several notes of a depositor,
in the absence of direction by debtor, properly applied the deposit to the
oldest note. (Ib.)
Payment—Rule as to application of payments.
(111. Sup. 1924.) A debtor has the right to have a payment applied to the
debt he directs, but, if he makes no direction, then the creditor may
apply the credit as he sees fit, in case no third party is unjustly prejudiced. (Ib.)
Corporations—Organizers of foreign holding corporation remained owners of stock
of domestic corporation.
(111. Sup. 1924.) A syndicate owning shares of stock of a domestic corporation remained the owners thereof though they formed a foreign
corporation as a holding company for the stock, as a foreign corporation
can not lawfully hold stock in a resident corporation. (Ib.)



172

REPORT OF THE COMPTROLLER OF THE

No credit because worthless claims transferred to subsidiary in accounting to determine liability of trust company assisting in illegal organization of bank.

(III. Sup. 1924.) Where a national bank was converted into a State sayings
bank, and a trust company furnished cash to be exhibited to auditor's
agent as the cash capital of the State bank and then returned to the trust
company, in an accounting to determine its liability to creditors, under
the theory of estoppel, it is. not entitled to credit because worthless claims
were transferredfc>ythe State bank to subsidiaries unless these claims were
collected or partially collected after they went into the hands of the subsidiaries. (Ib.)
Bank could apply deposit on demand note though trust fundr when without notice.

(111. Sup. 1924.) A bank could apply a deposit on a demand note though the
depsoit was a trust fund, where it was without notiee as to the trust.
(Ib.)

Evidence—Bank boohs held admissible in action involving accounting, and to be
prima facie evidence as to items marked paid.

(111. Sup. 1924.) Where persons in control of national bank desired to convert it into a State bank, and secured cash from a trust company which
was exhibited to the auditor's agent and then returned to the trust company, in an action wherein it was sought to hold the trust company liable
to creditors of the State bank under the theory of estoppel the books of
national and State bank were competent evidence as to assets and payment of bills receivable, etc., and established prima facie that items marked
paid were paid. (Ib.)
Evidence—Positive uncontradicted evidence of owner as to value of real estate can not
be ignored.

(111. Sup. 1924.) Positive and uncontradicted evidence of owner of real
estate as to its value can not be ignored. (Ib.)
Evidence—Uncontradicted testimony as to accounts entitled to consideration though
not itemized.

(111. Sup. 1924.) Positive testimony that there was owing to witness personally by parties living near a certain place good accounts amounting to
from $50,000 to $75,000, and that he likewise owned good notes owed by
parties in and near such place amounting to the further sum of from $50,000
to $75,000, uncontradicted of record, is entitled to consideration on question of solvency, though he could not itemize the accounts or the notes,
his further testimony showing that all of his books of account were in the
hands of State or Government officials who were prosecuting him for certain
alleged crimes, and that it was not possible for him to consult the books.
(Ib.)
Payment—Note presumed paid by parties primarily liable.

(111. Sup. 1924.) When a note is shown by record evidence to be paid, but it
does not appear who paid it, the presumption is indulged that it was paid
by parties primarily liable theron, and not by one agreeing to see it paid^
(Ib.)
Evidence—Amount paid for land as evidence of value.

(111. Sup. 1924.) In determining the value of real estate on a certain date,
consideration should be given to the amount paid for it shortly before that
time. (Ib.)
"Good will".to be considered asset determining liability of one assisting in organization without sufficient capital.

(111. Sup. 1924.) Good will, which is the probability that old customers will
resort to the old place, is a species of property and is to be considered in
determining the value of the assets of a solvent bank transferred to a new
savings bank, in determining the liability of one participating in the
organization of the new bank with insufficient capital, on the theory of
estoppel. (Ib.)




EEPORT OF THE COMPTROLLER OF THE CURRENCY

178

Bills and notes-—Mortgages—Note indorsed in blank negotiable by delivery; validity
of contract whereby bank took over assets of another bank and of transfer of note in
blank could not be litigated by makers of note; "delivery."

(N. Y. Sup. 1924.) Where assets of C. bank were transferred to R. bank,
which in consideration assumed liabilities of C. bank, note secured by
mortgage which was indorsed in blank by C. bank, under negotiable instruments law, sections 2, 60, 64, 90, became payable to bearer and negotiable by "delivery," which is transfer of possession, and R. bank was
entitled to sue thereon 'in own name and makers could not litigate validity
of transfer of note or of contract. (National Bank of Rochester v. ErionHaines Realty Co. #b al., 206 N. Y. Supp. 452.)
Bills and notes—Statute of national bank taking over assets of another bank stated;
bank could not recover on note without surrendering security.

(N. Y. Sup. 1924.) Under act Congress, November 7, 1918, sections 1, 2
(U. S. Comp. St. Ann. Supp. 1919, sections 9696a, 9696b), where national
bank took over assets and assumed liabilities of another bank, it became
holder of note ransferred under blank indorsement in same manner and to
same extent as transferor and could not recover thereon without surrendering security held by transferor. (Ib.)
MUTUAL LOAN COMPANIES
State regulation of business akin to banking.

(U. S. Sup. 1924.) Business so nearly akin to banking as to be equally
clothed with a public interest may be brought under State supervision
by confinement to corporations. (D.illingham, as President, et al. v.
McLaughlin, as Superintendent of Banks of the State of New York, et al.;
McLaughlin, as Superintendent of Banks of the State of New York, et al.
v. Dillingham, as President, et al., 264 U. S. R. 370.)
Mutual loan business.
(U. S. Sup. 1924.) So held of a business, conducted by a common-law
trust, of soliciting and receiving loans in small monthly payments under
loan contracts which entitled the respective lenders, when they had paid
in a stated percentage, to borrow the face value of their contracts in
the order of their applications therefor on real estate security, or, upon
sale of this borrowing right, to receive the amounts paid in on their contracts with a problematical ' t bonus," or, by paying up ?;
contracts in full,
to receive back their face value with a share in a "surplus, with provisions
as to forfeiture, etc. (Ib.)
Fixing minimum of loans.
(U. S. Sup. 1924.) A law of New York forbidding any individual, partnership, or unincorporated association to engage in the business of receiving
deposits or payments of money in installments, for cooperative, mutualloan, savings or investment purposes, in sums of less than $500 each,
held not violative of the equal-protection clause in not applying to the
business of receiving larger deposits, in view of the greater protection
needed by small investors and the elements of chance, risk and delay to
investors existing in this case. (Ib.)
NEGOTIABLE PAPER *
Husband and wife-—Evidence of transactions with parties other than plaintiff held
insufficient to establish course of dealing estopping wife from denying husband's
authority.

(U. S. C. C. A. 1925.) In action involving husband's authority to deal for
wife, evidence of transactions with banks other than plaintiff held insufficient to show course of dealing relied on by plaintiff or to estop wife
from denying husband's authority. (First Nat. Bank of Duncan, Okla.,
v. Staley et al., 4 Fed. Rep., 2d series, 324.)




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REPORT OF THE COMPTROLLER OF THE CURRENCY

Bank, consolidating with another and acquiring notes from it, does not take as
innocent purchaser.

(U. S. C. C. A. 1925.) Bank, consolidating with another and acquiring
from it notes, does not take as innocent purchaser, but steps into shoes
of bank with which it consolidates. (Ib.)
Husband and wife—Bank, accepting husband's pledge of wife's notes with knowledge
that husband had indoresed them in wife's name, held not innocent holder.

(U. S. C. C. A. 1925.) Where bank, at time of accepting husband's pledge of
notes belonging to wife, knew that husband had signed wife's name to
indorsement, it was not an innocent holder, fcut chargeable with burden
of proving that wife had consented or authorized husband's act. (Ib.)
Husband and wife—Wife held not precluded from asserting ownership of notes
pledged by her husband.

(U. S. C. C. A. 1925.) # Where bank, accepting husband's pledge of wife's
notes, knew that her indorsement thereon had been written by husband,
held, mere fact that wife, after learning of facts, permitted bank to retain
possession for short time before insolvency of husband was insufficient
to preclude her from subsequently asserting ownership. (Ib.)
Evidence—Question as to disposition of proceeds of note held objectionable, as calling
for conclusion.

(U. S. C. C. A. 1924.) In. action by bank against correspondent bank,
question asked witness as to whether plaintiff bank received any part of
proceeds of certain note held to call for a conclusion of witness, and
properly excluded, in view of other evidence as to disposition actually
made of such proceeds. (Hirning, Supt. of Banks of South Dakota, et al.
v. Live Stock Nat. Bank. 1 Fed. Rep., 2d series, 308.)
Evidence tending to show who received proceeds of sale of notes held admissible in
action between banks.

(U. S. C. C. A. 1924.) In action by bank to recover of another bank amounts
charged against plaintiff's account for unpaid notes alleged by defendant
to have been sold by plaintiff to defendant, evidence that plaintiff by
checks and drafts drew proceeds of the note credited to it at the time of
acquisition by defendant held admissible, as tending to show who received
the benefit of such proceeds. (Ib.)
Evidence held admissible on issue whether bank, purchasing note of another, knew
its true owner.

(U. S. C. C. A. 1924.) In action by bank, which claimed that it had been
wrongfully charged by another bank with amount of unpaid notes alleged
by defendant to have been sold it by plaintiff, evidence that defendant
was never notified that plaintiff had credited others than itself with the
proceeds of the note at the time of its acquisition by defendant held
admissible on the issue whether defendant knew the note was not the
property of plaintiff, but of others. (Ib.)
Appeal and error—Proof of custom of dealing between banks held not erroneously
admitted.

(U. S. C. C. A. 1924.) In action by bank against another to recover
amounts wrongfully charged to its account on notes alleged by defendant
to have been purchased from plaintiff, proof of the custom or manner of
doing business between the two banks held admissible on issue of collusion
between plaintiff's president and defendant, and otherwise harmless,
where judgment was not based on such existing custom. (Ib.)
Evidence that parties to notes involved in action between banks were directors and
stockholders of plaintiff held immaterial,

(U. S. C. C. A. 1924.) In action by bank against another, which it was
alleged had wrongfully charged plaintiff with the amount of unpaid notes
alleged to have been bought from it, minutes of a stockholders' meeting
of plaintiff bank, adduced for the purpose of showing that parties to the
notes were directors, and one of them a large stockholder of plaintiff
bank, held properly excluded as immaterial. (Ib.)



REPORT OF THE COMPTROLLER OF THE CURRENCY

175

OFFICERS
DIRECTORS—TERM OF OFFICE—SALARY

Director held not entitled to salary as chairman of board of directors after his term as
director expires.
(Minn. Sup. 1923.) Plaintiff, a director in the defendant bank, was elected
chairman of the board of directors for a specified length of time. His
term as director expired and he was dismissed as chairman of the board
before the end of the term for which he was elected. Held, that he is not
entitled to recover his salary for the unexpired term of service. (Van
Slyke v. Metropolitan Nat. Bank. 193 N. W. Rep. 470.)
National bank can not legally hire any one of its officers for specified time.
(Minn. Sup. 1923.) A national bank can not legally hire any one of its
officers for a specified time. (Ib.)
Attorney and client—Evidence held not to show that attorney intended to render
services to bank without compensation.
(Md. App. 1924.) Evidence held not to show that it was intention of an
attorney, rendering services to a bank prior to its insolvency, and bank's
intention, that he was not to be compensated for his services and that
his claim for compensation was an afterthought for purpose of meeting
bank's receiver's claim against him on his guaranty of a loan which he
secured for bank. (Penrose v. Page, 125 Atl. Rep. 549.)
Attorney's right to accept employment from bank not affected by being a stockholder
in corporation interested in bank.
(Md. App. 1924.) That an attorney rendering services to a bank prior to
its insolvency was an officer of another corporation which was interested
as a stockholder in bank did not deprive him of right to accept employment
by bank as special counsel, nor, even in absence of express employment,
justify inference that services were rendered without any intention on his
part to charge, or expectation by bank to pay, for same. (Ib.)
Attorney's right to accept employment from bank not affected by being guarantor of
mortgage loan by bank.
(Md. App. 1924.) That an attorney rendering services to bank prior to its
insolvency was guarantor of a mortgage loan by bank did not warrant inference that in serving bank as counsel he was serving his own interest,
for his obligation under guaranty could not have been affected by
success or failure of bank. (Ib.)
Attorney rendering services to bank prior to insolvency held entitled to reasonable
compensation.
(Md. App. 1924.) An attorney rendering services to bank prior to insolvency
held entitled to a fair and reasonable compensation for services he rendered between date of his employment and the time the State bank commission took charge of bank. (Ib.)
POWERS OF AND REPRESENTATION OF BANK BY OFFICERS

False representations by cashier held not binding on the bank.
(U. S. C. C. A. 1925.) False representations made by the cashier of a bank
as to the character and standing of a third person held not binding on
the bank, in the absence of evidence that it knew, or should have known
in the exercise of due care, of the dishonesty of the cashier. (Citizens'
Trust & Savings Bank v. Herr. 4 Fed. Rep., 2d series, 483.)
Cashier can not bind bank by representations as to standing or solvency of third
persons.
(U. S. C. C. A. 1925.) In the absence of evidence that he is authorized
to do so, the cashier of a bank has no authority by virtue of his position
to make any representations on behalf of the bank as to the standing or
solvency of a third person. (Citizens' Trust & Savings Bank v. Falligan,
4 Fed. Rep., 2d series, 481.)
Evidence held insufficient to charge bank with liability for fraudulent acts of cashier.
(U. S. C. C. A. 1925.) Evidence held insufficient as matter of law to charge
a bank with liability for fraudulent acts of its cashier in aiding swindlers
to defraud plaintiff. (Ib.)



176

REPORT OF THE COMPTROLLER OF THE CURRENCY

Corporations—Plaintiff had burden of proving president's authority.

(U. S. C. C. A. 1924.) Where a bank charged to bankrupt corporation
sums advanced to its president, claiming that it was by his direction,
which sums bankrupt did not receive, the bank had the burden of proving the president's authority. (Wallace v. Ohio Valley Bank. In re
Star Car & Foundry Co., 2 Fed. Rep., 2d series, 53.)
Creditor hank held, required to credit bankrupt with a payment

misappropriated,

(U. S. C. C. Ar 1924.) Where the president of bankrupt corporation and
its treasurer, who was also vice president of a bank which held the president's personal note, without authority signed a check of bankrupt in
payment of the note, for which bankrupt received no consideration, its
vice president in such transaction acted for the bank, which is chargesable with notice of the facts, and must be required to credit the payment
on an indebtedness of bankrupt to it. (Ib.)

Fraud of creditor, not affecting other creditors generally, not ground for disallowance
of claim.

(U. S. C. C. A. 1924.) That a creditor made false statements as to bankrupt's financial condition to one who afterward became a creditor does not
entitle the trustee, representing creditors generally, to insist on postponement of the first creditor's claim until all others are paid. (Ib.)
Evidence held to warrant finding bank ratified act of officer in agreeing to honor
drafts.

(U. S. C. C. A. 1924.) Evidence held sufficient to warrant finding that private bank governed by Burns' Annotated Statute, Indiana, 1914, sections 3402-3417, ratified act of its vice president in agreeing that bank
would honor drafts drawn thereon. (Muentzer et al. v. Los Angeles Trust
& Savings Bank, 3 Fed. Rep., 2d series, 222.)
Act of bank officer may be ratified after its commission, as well as authorized beforehand.

(U. S. C. C. A. 1924.) Unsanctioned act of bank officer may be ratified
after its commission, as well as authorized beforehand; bank's liability in
each case being same. (Ib.)
Bank can not escape liability for acts of its officer, knowledge of which is imputable
to bank.

(U. S. C. C, A. 1924.) Bank can not escape liability for acts of its officer
when knowledge of officer's conduct is imputable to bank, any more than
when actual formal notice is given to it. (Ib.)
Thai drafts called for "exchange and collection charges," while bank's agreement to
honor drafts did not mention such charges} held not to affect bank's liability.

(U. S. C. C. A. 1924.) That drafts drawn on defendant bank called for
"exchange and collection charges/' while bank's telegram agreeing to
honor drafts did not mention such charges, did not relieve bank from
liability on drafts, where course of dealing between parties showed that
drafts were paid without exchange, especially as, drafts being drawn on
and payable at defendant's bank, there would be no exchange. (Ib.)

That bank paid many drafts drawn by corporation held sufficient to lull suspicion
arising from knowledge that bank officer interested in corporation.

(XJ. S, C. C. A. 1924.) That bank had promptly paid many drafts drawn by
corporation was sufficient to lull any suspicion that holder of draft might
have had because of knowledge that bank official who agreed to honor
drafts was financially interested in corporation, and, at most, any issue
as to holder's being innocent holder was for trial court to determine. (Ib.)
Corporation liable for tort of officer acting within the scope of his authority,

(U. S. D. C. 1924.) The declaration in an action against a bank and one
of its officers, which alleges the felonious stealing of property of plaintiff,
and that the individual defendant, acting as such officer and within the
scope of his employment; aided and abetted such stealing, held to state a
cause of action against both defendants. (Blumenthal v. Commercial
Bank of St. Augustine et al., 1 Fed. Rep., 2d series, 64.)



BEPORT OF THE COMPTROLLER OF THE CURRENCY

177

Bank and officer held properly joined in action for tort.

(U. S. D. C. 1924.) A bank and one of its officers held properly joined in
an action charging both with liability for an act of the officer alleged to
have been committed while acting for the bank and within the scope of
his authority. (Ib.)
National hank cashier liable for loss from loom of bank funds in excess of 10 per cent
of bank's capital and unimpaired surplus.

(Idaho Sup. 1925.) The cashier of a national bank is liable for any loss that
results to the bank from the making by him of a loan to any person from
the funds of the bank of a sum in excess of 10 per cent of the bank's capital
and unimpaired surplus. (First Nat. Bank of Hagerman v. Stringfield
et al., 235 Pac. Rep. 897.)
Bank is not liable to depositor for making excess loan through lending money withdrawn from depositor'& account with his authority.

(Idaho Sup. 1925.) The lending of money withdrawn from the accoun*
of a depositor, with the authority of the depositor, does not constitute
the making of an excess loan under United States Revised Statutes, section 5200 (U. S. Comp. St., Sec. 9701), and the bank is not liable to the
depositor in an action to recover the deposit. (Ib.)
National bank not liable for act of cashier in lending money for depositor nor on
guaranty of payment of such loan.

(Idaho Sup. 1925.) A national bank can not be held for the act of its
cashier in lending money for a depositor, nor is the bank liable on a guaranty of the payment of such a loan. (Ib.)
OFFICERS, CRIMINAL LIABILITY OF
Indictment against employee of national bank for abstracting checks held not duplic~
itous.

(U. S. C. C. A. 1925.) An indictment against an employee of a national
bank, under Revised Statutes, section 5209 (Comp. St., sec. 9772), for
abstracting checks from the funds and credits of the bank, held not duplicitous because it charged that he embezzled, abstracted, and willfully
misapplied the checks. (Theobald v. United States, 3 Fed. Rep., 2d
series, 601.)
Indictment held to show sufficiently that abstraction was without authority.

(U. S. C. C A. 1925.) Indictment charging employee of national bank with
abstracting travelers' checks held to show sufficiently that the act charged
was done without authority. (Ib.)
Travelers1 checks held by bank for issuance to customers held "credits" within mean-,
ing of embezzlement statute.

(U. S. C. C. A. 1925.) The word "credits," as used in Revised Statutes, section
5209 (Comp. St., sec. 9772), making it an offense for an officer or employee of a national bank to embezzle, abstract, or misapply any of the
money, funds, or credits of the bank, includes papers intended to represent, and which could perform and were intended to perform the function
of, credits, such as travelers' checks kept for issuance to purchasers.
(Ib.)
Evidence held to sustain conviction of employee for abstracting credits of bank.

(U. S. C. C. A. 1925.) Evidence that an employee absconded, and that he
cashed travelers' checks belonging to the bank, held sufficient to sustain
a conviction for abstracting the checks. (Ib.)
Indictment against officer held not to charge misapplication of funds.

(U. S. C. C. A. 1925.) An averment, in an indictment against an officer of a
national bank, that a fund to his credit in a special account was transferred to his general account and applied on an overdraft, held not to
state facts constituting a willful misapplication of funds of the bank,
under Revised Statutes, section 5209, as amended September 26, 1918
(Comp. St., Ann. Supp. 1919, sec. 9772); no loss to the bank or depletion
of its funds being shown. (Craig i1. United States, 5 Fed. Rep., 2d series,
275.)



178

REPORT OF THE COMPTROLLER OF THE CURRENCY

Criminal law—Motion for directed verdict necessary to review of evidence.

(U. S. C. C. A. 1924.) Where a motion by defendant for directed verdict
at the close of the Government's case is denied, with reserved exceptions,
and defendant proceeds to introduce evidence without renewing the motion
on the close of all the evidence, the sufficiency of the evidence can not be
reviewed by the appellate court. (Deupree v. United States, 2 Fed.
Rep., 2d series., 44.)
Criminal law—Improper remarks by prosecuting attorney must be objected to.

(U. S. C. C. A. 1924.) When no objection is taken to remarks of the prosecuting attorney during the trial, it is too late to raise the question in the
appellate court. (Ib.)
Criminal law—Objection and exception essential to review.

(U. S. C. C. A. 1924.) Judicial Code, section 269, as amended (Comp.
St. Ann. Supp. 1919, sec. 1246), is intended to prevent reversals for
technical errors, which, though properly preserved, do not affect substantial
rights, and does not dispense with the necessity of objection and exceptions. (Ib.)
Criminal law—An instruction is not reviewable, in the absence of objection or request
for other instruction.

(U. S. C. C. A. 1924.) Where an instruction given was not objected to,
and no request was made for other or further instruction, it is not assignable as error. (Ib.)
Criminal law—An instruction held not prejudicial.

(U. S. C. C. A. 1924.) An instruction held not prejudicial where, on defendant's own theory of the law, the evidence was ample to sustain a
conviction. (Ib.)
Instruction in prosecution for misapplication of funds not erroneous.

(U. S. C. C. A. 1924.) In the prosecution of the cashier of a national bank
for willful misapplication of its funds, an instruction that restoration or
securing of the amount admittedly due the bank, after indictment and a
few days before the trial, was not of great, if any, weight as bearing on
the question of intent, held not erroneous. (Ib.)
Witnesses—Cross-examination
bank's funds, held proper.

of defendant, prosecuted for misappropriation of

(U. S. C. C. A. 1924.) In the prosecution of the cashier of a national bank
for misappropriation of its funds, permitting defendant to be asked on
cross-examination if he was not later joined in a distant city by a woman
to whom some of the funds were diverted, held proper as bearing on the
question of intent. (Ib.)
POWERS
IN GENEKAL

Some of incidental powers of national bank stated. .

(Vt. Sup. 1924.) Discounting and negotiating promissory notes, drafts,
bills of exchange, and other evidences of debt, buying and selling exchange, loaning money, etc., and receiving of money of others on general
deposit, are among the incidental powers of a national bank in carrying
on its business. (Holman v. Randolph Nat. Bank, Randolph Nat.
Bank v. Holman, 126 Atl. Rep. 500.)
PURCHASE OF NEGOTIABLE PAPER

National bank can not trade negotiable paper held by it for other paper.

(Utah Sup. 1923.) National bank has no right to deal in negotiable paper
except in manner provided by law, which is limited to discounting such
paper, and i t can not trade negotiable paper held by it for other paper.
(National Bank of the Republic v. Price, 234 Pac. Rep. 232.)
Government alone can complain that transaction by national bank is ultra vires.

(Utah Sup. 1925.) That transaction whereby national bank exchanged
notes held by i t for others is beyond its powers is no defense to maker of
note traded to bank, but Government alone can complain. (National
Bank of the Republic v. Price, 234 Pac. Rep. 232.)




REPORT OF THE COMPTROLLER OF THE CURRENCY

179

POWER TO HOLD OR ACCUIRE REAL ESTATE

National bank can not lease land.

(Calif. App. 1924.) Although a national bank has right to take conveyance
of land to secure a pre-existing debt, land so obtained may not be retained as an investment, and a lease of land by bank is wholly invalid,
under Revised Statutes of the United States, sections 5133, 5137 (U. S.
Comp. St., sees. 9658, 9674). (Standard Livestock Company v. Bank of
California National Association, 227 Pac. Rep. 962.)
National banks can exercise only powers expressly granted and incidental powers.

(Calif. App. 1924.) National banks can rightfully exercise only powers
expressly granted by Revised Statutes of the United States, section 5133
et seq. (U. S. Comp. St., sec. 9658 et seq.), or such incidental powers
as are necessary to carry on national bank business. (Ib.)

Ultra vires contract can not be enforced against national bank.

(Calif. App. 1924.) Ultra vires contract can not be enforced against a
national bank, such as warranty of quiet enjoyment in lease of land held
as security by bank. (Ib.)
Frauds, statute of—Assistant cashier must have written authority to bi?id bank by
signing lease.

(Calif. Sup. 1924.) Assistant cashier of a bank had no authority to bind
bank by making lease in his own name as lessor in absence of written
authority, and bank can not be held as undisclosed principal in view of
Code Civil Procedure, sections 1967, 1971, 1973. (Standard Livestock
Company v. Bank of California National Association, 227 Pac. Rep. 962.)
WHEN NATIONAL BANK MAY TAKE MORTGAGE

Assignment of real-estate mortgage to bank, incompetent by charter to take title to
real estate, is only voidable; assignment of real-estate mortgage to bank, incompetent
by charter to take title to real estate, is valid until assailed in direct proceeding
by sovereign.

(Okla. Sup. 1924.) When a bank is incompetent by its charter to take a
title to real estate, an assignment to it of a real-estate mortgage is not
void, under section 5137 of the Revised Statutes of the United States
(U. S. Comp- St., sec. 9674), but only voidable. It is valid until assailed
in a direct proceeding instituted for that purpose by the sovereign.
(Melton et al. v. First Nat. Bank of Miami et al., 233 Pac. Rep. 441.)
POWER TO ACT AS EXECUTOR OR TRUSTEE

Right of national bank to act as executor under Federal reserve act.

(U. S. Sup. 1924.) The act of September 26, 1918, chapter 177, section 2,
40 Statutes, 967, amending section 11 (k) of the Federal reserve act,
authorizes a national bank haying the permit of the Federal Reserve
Board to act as executor if trust companies competing with it have
that power by the law of the State in which the bank is located, whether
the exercise of such power by the national bank is contrary to the State
law or not. (State of Missouri at the relation of the Burns National
Bank of St. Joseph v. Duncan, Judge of the Probate Court of Buchanan
County, Mo., 265 U. S. R. 17.)
Power of Congress to grant accessory functions to national banks.

(U. S. Sup. 1924.) The power of Congress to grant such accessory functions
to national banks, to sustain them in the competition of the banking
business, can not be controlled by State laws. (First National Bank v.
Fellows, 244 U. S. 416.) The authority given by the act is independent
of regulations adopted by the State to secure the trust funds in the hands
of its trust companies. 302 Mo. 130, reversed. (Ib.)




180

REPORT OF THE COMPTROLLER OF THE CURRENCY

Executors and administrators—-National bank converted from trust company named
as executor not entitled to issuance of letters testamentary.

(Mass. Sup. 1924.) A national bank is not entitled to issuance of letters
testamentary to it as person named as executor in will where testator
named a State trust company which thereafter became converted into
a national bank, and still later effected a consolidation with petitioner
under General Laws, chapter 172, section 52; chapter 192, section 4;
act Congress September 26, 1918, section 2; amending Federal reserve
act, section 11 (k) (U. S. Compt. St. Ann. Supp. 1919, sec. 9794), Revised
Statutes of United States, section 5154 (U. S. Comp. St., sec. 9694);
act November 7, 1918 (U. S. Compt. St. Ann. Supp. 1919, sees. 9696a,
9696b), whether or not national bank into which trust company was
converted was granted special permit to act as executor. (Petition of
Common wealth-Atlantic Nat. Bank of Boston; petition of First Nat.
Bank of Boston. In re Babbidge's Estate, 144 N. E. Rep. 443.)
No authority from State necessary to enable bank to change to national bank.

(Mass. Sup. 1924.) No authority from the State was necessary to enable
State bank or trust company to change into a national bank, power
conferred by Revised Statutes of United States, section 5154 (U. S. Comp.
St., sec. 9694), being ample. (Ib.)
Executors and administrators—Designation as executor not property or asset passing
when trust company converted into national bank and consolidated.

(Mass. Sup. 1924.) Naming of trust company as executor in will was not
a thing which, under Revised Statutes of United States, section 5154, as
amended by act December 23, 1913, section 8 (U. S. Comp. St., sec.
9694); act Congress November 7, 1918, section 2 (U. S. Comp. St.
Ann. Supp. 1919, sec. 9696b), passed as property or an asset when trust
company was converted into national bank, or when that bank was
consolidated into another national bank; designation as executor not
conferring any property right. (Ib.)
Courts—Final determination of constitutional validity of congressional action is in
. Federal Supreme Court.

(R. I. Sup. 1924.) The final determination of the constitutional validity
of congressional action is in the Federal Supreme Court. (Carpenter,
Atty. Gen., v. Aquidneck Nat. Bank, 125 Atl. Rep. 358.)
National bank authorized to act as trustee where competing trust companies have
right to so act.

(R. I. Sup. 1924.) Under Federal reserve act, December 23, 1913, section
11, subsection k, as amended by act of Congress, September 26, 1918,
section 2 (U. S. Comp. St. Ann. Supp. 1919, sec. 9794), a national bank
authorized by Federal Reserve Board to act as a trustee, executor, administrator, or in other fiduciary capacity has a right to so act in view
of similar right of trust companies under General Laws, 1923, sections
3990-3999. (Ib.)

SHAREHOLDERS
ASSESSMENTS

•
Shareholder's payment to receiver of national bank to enable bank to resume business
• held no defense in action to enforce assessment

(TJ. S. C C. A. 1924.) In suit by receiver appointed by Comptroller of
Currency under act June 30, 1876, and act May 15, 1916 (Comp. St.,
sec. 9821), against shareholder to enforce payment of assessment under
act December 23, 1913 (Comp. St., sec. 9689), payment by shareholder
of an amount to enable bank to resume business, after appointment of
receiver, in reliance on representations by receiver made with acquiescence
of comptroller that payment would discharge liability of shareholder,
held no defense. * (Huff v. Page, Huff et al. v. same, 2 Fed. Rep. 2d
series, 544.)

Banking officer of State may sue anywhere to enforce assessment on stockholders of
insolvent bank.

(U. S. C. C. A. 1925.) The banking officer of a State is the statutory
successor of an insolvent State bank, and may sue in any State to
enforce assessment on stockholders. (Gile v. Duke, Supervisor of Banking
of
 Washington, et al.; Jenks v, same. 5 Fed. Rep. 2d series, 952.)


REPORT OF THE COMPTROLLER OF THE CUKEEKCY

181

Determination of banking officer of State of necessity of assessment conclusive.

(U. S. C. C, A. 1925.) Determination of the banking officer of a State
that an assessment on stockholders of a State bank is necessary is conclusive on the courts and can not be controverted by stockholders sued
on the assessment. (Ib.)
Appeal and error—Successors in office pending appeal may be substituted as parties.

(U. S. C. C. A. 1925.) Where plaintiffs sued as banking officers of the
State to enforce assessment on stockholder, and pending his appeal
their offices were abolished, and the powers and duties thereof vested
in other officers, they may be substituted. (Ib.)

Evidence held insufficient to prove fraud inducing purchase of bank stock.

(U. S. D. C 1924.) In action under Federal reserve act December 23,
1913, section 23 (Comp. St., sec. 9689) and Revised Statutes section
5220 (Comp. St., sec. 9806), to enforce shareholders' liability, by bank's
officers and directors as bank's creditors, who had guaranteed bank's
indebtedness to other bank, testimony held insufficient to prove fraud
inducing purchase of stock. (Taylor v. American Nat. Bank of Wichita
Falls, Tex., et al., 2 Fed. Rep., 2d series, 479.)
Purchaser of stock subject to stockholders' liability, notwithstanding fraud inducing
purchase of slock.

(U. S. D. C. 1924.) Subscription of stock in national bank, obtained by
false representations, is not void, but only voidable, and shareholder, who
permits name to be shown on books of bank as shareholder, is subject
to stockholders' liability under Federal reserve act December 23, 1913,
section 23 (Comp. St., sec. 9689), and Revised Statutes, section 5220
(Comp. St., sec. 9806). (Ib.)

Stockholders in national bank, being sued for stockholders9 liability, can not bring
cross-action.

(U. S. D. C. 1924.) In action against stockholders in national bank to
enforce stockholders' liability under Federal reserve act December 23,
1913, section 23 (Comp. St., s*ec. 9689), and Revised Statutes, section
5220 (Comp. St., sec. 9806), by a plaintiff who appears as trustee for
bank's creditors, cross-action by stockholders is not permitted. (Ib.)
Stockholders' liability available to guarantors of bank's indebtedness to other bank.

(U. S. D. C. 1924.) Liability of stockholders of national bank held available to guarantors of bank's indebtedness to other bank. (Ib.)

Levy of assessment does not absolve shareholders from suit at instance of creditors.

(U. S. D. C. 1924.) That comptroller had previously levied assessment
on shareholders of national bank did not absolve shareholders from suit
to enforce stockholders' liability, at instance of creditors, tinder Federal
reserve act, December 23, 1913, section 23 (Comp. St., sec. 9689), and
Revised Statutes, section 5220 (Comp. St., sec. 9806.) (Ib.)

Married woman, holding stock in national bank, liable for assessments.

(U. S. D. C. 1924.) Married woman, who held stock in national bank in
her own right, under State law entitling her to so do, was liable for assessments in creditor's action, under Federal reserve act, December 23, 1913,
section 23 (Comp. St., sec. 9689), and Revised Statutes, section 5220
(Comp. St., sec. 9806). (Ib.)
One who ivas shown as shareholder on books of bank, and who voted stock, held liable
in creditor's action to enforce stockholder's liability.

(TJ. S. D. C. 1924.) One in whose name stock stood on books of national
bank, who participated in stockholders* meetings on several occasions,
and voted stock, and who was shown on bank's books as stockholders,
and who voted stock when indebtedness was contracted, held liable in
creditor's action to enforce stockholders' liability, under Federal reserve
act, December 23r 1913, section 23 (Comp. Stv, sec. 9689), and Revised
Statutes, section 5220 (Comp. St., sec. 9806), though a pledgee. (Ib.)

National bank's settlement with debtor, who was stockholder, did not preclude enforcement of stockholder's liability against other stockholders.

(U. S. D. C. 1924.) Settlement of national bank's claim against former
stockholder for substantial sum did not preclude enforcement of stockholder's liability against all the stockholders in creditor's action under
Federal reserve act, December 23, 1913, section 23 (Comp. St., sec. 9689),
and
 Revised Statutes, section 5220 (Comp. St., sec. 9806). (Ib.)


182

BEPORT OF THE COMPTROLLER OF THE CURRENCY

Liability of stockholder of national bank for assessment slated.

(U. S. D. C. 1925.) Under Federal reserve act, section 23 (Comp. St.,
sec. 9689), providing that stockholders in a national bank, who transfer
their stock within 60 days prior to its failure, shall be liable "to the same
extent as if they had made no such transfer, to the extent that the subsequent transferee fails to meet such liability," the liability of the transferror
is primary, and it is not necessary to its enforcement that legal proceedings should first be taken against the transferee. (Karraker v. Ernest,
4 Fed. Rep., 2d series, 404.)
Guaranty—An absolute guarantor is liable immediately on failure of principal
debtor to perform his contract.

(U. S. D. C. 1925.) An absolute guarantor is liable immediately on the
failure of the principal debtor to perform his contract, without preceding
legal proceedings against the principal debtor. (Ib.)
WAREHOUSE
Under Canadian statute, innocent purchaser for value of warehouse receipts held
to have title to goods as against pledgee bank.

(U. S. D. C. 1924.) Bank act Canada, 3-4 George V, chapter 9, sections
88, 89, does not vest in bank fee title to goods pledged with it to secure
loan, and on pledgor's removal of such goods to United States with bank's
consent, innocent purchasers of warehouse receipts for value obtained
title thereto. (Standard Bank of Canada v. Lowman et al., 1 Fed. Rep.,
2d series, 935.)
Warehousemen—Cases of canned salmon held "fungible" goods, and warehouse
receipts for specified number of cases out of larger mass were valid.

(U. S. D. C. 1924.) Under Rem. Compiled Statutes, Washington, 1921,
section 3644, cases of canned salmon are fungible goods, each unit of
which is equal to others, and under section 3609 warehouse receipts for
specific number of cases out of larger mass is valid. (Ib.)
Warehousemen—Requisities of warehouse receipts stated.

(U. S. D. C. 1924.) Under Rem. Compiled Statutes, Washington, 1921,
section 3588, warehouse receipt need not be of particular form, but must
show location of warehouse, date of issue, consecutive number of receipt,
whether goods shall be delivered to bearer, or named person, or his order,
rate of storage charges, description of goods or package containing them,
signature of warehouse, warehouseman's interest, if any, statement of
advances or incurred liability, etc. (Ib.)

Warehousemen—Under
holders for "value."

Washington statutes, pledgee of warehouse receipts held

(U. S. D. C. 1924.) Where salmon pledged to secure loan by Canadian
bank were, with bank's consent, snipped to United States by pledgor
under bill of lading not containing words " nonnegotiable," bill was
negotiable under Rem. Compiled Statutes, Washington, 1921, section
3657, and subsequent pledgees of warehouse receipts were innocent
holders for value; "value" being anything that will support simple contract. (Ib.)
Canadian pledgee, by intrusting goods to pledgor for shipment to United States,
represented that title was in pledgor.

(U. S. D. C. 1924.) Canadian bank by intrusting pledgor of salmon securing
loan with salmon for shipment to United States, represented that title was
in pledgor, and pledgor's negotiation of warehouse receipts to purchaser
for value without notice precludes bank from questioning purchaser's
title, irrespective of Canadian Bank Act. (Ib.)
Under Canadian statutes, pledgee of goods to secure loan had "security title," and
pledgor had "residue ownership title."

(U. S. D. C. 1924.) Under bank act Canada, 3-4 George V, chapter 9,
sections 88, 89, where salmon was pledged to bank to secure loan, bank
had "security title," which did not have any extraterritorial force as
against innocent purchasers for value in foreign jurisdiction, and pledgor
had "residue ownership title," and bank having consented to removal of
salmon to State of Washington, property was thereby submitted to law
of that jurisdiction. (Ib.)



183

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
Date of
appointment

Name

No.

Date of
•esignation

State

COMPTROLLERS OF THE CURRENCY
MeCulloch, Hugh
Clarke, Freeman...
Hulburd, Hiland R
Knox, John Jay—Cannon, Henry W
Trenholm, William L._
Lacey, Edward S.
Hepburn, A. Barton
Eckels, James H
Dawes, Charles G___
Ridgely, William Barret
Murray, Lawrence O
Williams, John Skelton
Crissinger, D. R
Dawes, Henry M . . .
Mclntosh, Joseph W

---1—

_

...-

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

9,1863 Mar. 8,1865
21,1865 July 24,1866
1,1867 Apr. 3,1872
25,1872 Apr. 30,1884
12,1884 Mar. 1,1886
20,1886 Apr. 30,1889
1,1889 June 30.1892
2,1892 Apr. 25.1893
26,1893 Dec. 31,1897
1,1898 Sept, 30,1901
1,1901 Mar. 28,1908
28,1908 i Apr. 27,1913
2,1914 Mar. 2,1921
17,1921 Apr. 30.1923
1,1923 Dec. 17.1924
20,1924

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

DEPUTY COMPTROLLERS OF THE CURRENCY
Howard, Samuel T
Hulburd, Hiland R
Knox, John Jay
Langworthy, John S
Snyder, V. P
Abrahams, J. D
Nixon, R. M
Tucker, Oliver P
Coffin, George M
Murray, Lawrence O
Kane, Thomas P

_

Fowler, Willis J
Mclntosh, Joseph W
Collins, Charles W
Stearns, E. W.._.
1

Aug.
Jan.
Apr.
Jan.
Jan.
May
Mar.
Mar.
Apr.
June
Mar.

New York.
Ohio.
Minnesota.
New York.
Do.
Virginia.
Indiana.
Kentucky.
South Carolina.
27,1899 New York.
2,1923 District of Columbia.
July 1,1908
Indiana.
May 21,1923 Dec. 19,1924 Illinois.
July 1,1923
Do.
Jan. 6,1925
Virginia.

May
Aug.
Mar.
Aug.
Jan.
Jan.
Aug.
Apr.
Mar.
Sept.
June

9.1863
1,1865
12,1867
8,1872
5,1886
27,1887
11,1890
7,1893
12,1896
1,1898
29,1899

Term expired.

11,1865
31,1867
24,1872
3.1886
3.1887
25,1890
16,1893
11,1896

2 Died Mar. 2, 1923.

TABLE NO. 2.—Names and compensation of officers and clerks in the office of the
Comptroller of the Currency October 31, 1925
Designation

Name
Quinn, Edmund F
Herndon, John G_
Gross, Clyde E_
Yeatman, John P
Schreiner, Edmund E . _.
Burton, Russell O
A very, Antoinette
Davenport, William S . . .
Thompson, George.
Kane, William A
Fuller, Jane L . . .
Wanamaker, William H .
Frye, Ruby M
Reese, William H
Bock, Carl
Johnston, Edna E
Ellis, Harrie B
Pennock, Carrie L
Poultney, William W_ _..
Sithens, Charles H
Verrill, Harry M
Wilson, Gordon K
Bulger, John C
Lovelly, Laura F
Lewis, John O
Marble, George R
O'Mara, Vera L
Spencer, Norma H
WTilcox, Ephraim S

67746°—26f


A dministratiye officer
Senior administrative assistant..
Administrative assistant
doJunior administrative assistantdo
do._
..do.
..do.
..doPrincipal clerk.
do
_.
do
..do.
_do.
_doSenior clerk,
do......
do
.do.
Senior clerk-stenographer.
do_
Clerk.
Head operator, office devices.
Clerk.:
do.
Clerk-stenographer.
Clerk.
do

-13

Salary
$4,400
3,300
3,00®
3,00@
3,000
3,00G
2,80©
2,70Q
2,50§
2,500
2,50©
2,400
2,400
2,40®

2,4m
2,30§
2,300
2,300
2,100
2,100
2,100
2,100
2,040
2,040
2,048
2,040
2,046
2,040
2,040

184

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 2.—Names and compensation of officers and clerks in the office of the
Comptroller of the Currency October 31, 1925—Continued
Name
Hanlon, Margaret T
Herndon, John W
Tucker, Samuel M
Whelan, Marjorie B
Allred, Nell H
Bentley, Thomas B
O'Brien, May F._
Friedrichs, Minna K___
Hunt, Hermon
Jones, Margaret E
Jump, Mollie C
Moyer, Alta T
Murphy, Desmond F__.
Pumphrey, Carrie B _. _
Reed, Samuel E
Davies, Frances S
Murphy, Maud V
Kestler, Mabel F
Andrews, Etta F
Baldwin, Wallace N
Beall, Clara M
Buckley, Regina C
Burlingarne, Delia J
Deal, Jessie F
Erickson, Bertha V
Haley, John R
Heizer, Nannie B
Hewson, Ella
Hiileary, Rua
Jamieson, William G—
Johns, Francis W
Jorgenson, John A
Kelly, George™,
Lavoie, Raymond E
Lowell, Harriet P
Mortimer, Mary H - - —.
Mannerlyn, Joseph A—.
Murx>hy, Clara M
McBride, Olga Mae
Nolan, Lida A . .
Schiller. Ernestine H —
Smith, Helen M
Griffiths, Dolly S
Walker, Johanna Su
Young, Grace E
Heizer, Helen V
Trumbull, Annette
Crocker, Henry A. D . Nichols, Sada C
Wigginton,.Norval P . . .
Barry, Gertrude I
Bates, Mary E .
Chisnolm, Elizabeth.-..
Clagett, Dorothy L
Bailey, William
Elmore, Annie L
Magruder,. Edith P
Mallet, Katberine H_._
Mueller, Pauline
MeCrone, Clara G'B—
Stewart, Walter H
Taylor, Mathilda S
Wilson, Mildred C
Tylor, Gertrude I
Ogden, Nellie M
Chiles, Charles R
Phillips, L e n a B
.
Weeks, Katherine
Anderson, Gunbilde C .
Bales, Anna S
BeH, Juliet P
Bullis, Sadie C
CoHburn, Nellie A
C ook, George M
_.
Dillaxd, John
Dodge, Victor H
Frock, Annie C
Gleason, Josephine
Baymon, N. Mabel
Hopkins, Edna I__......
Moncure, Frances W_._:
McKinney, Elva L




Designation
Senior clerk
Senior clerk-stenographer_
do.
Clerk-stenographer
..
Assistant clerk-stenographer..
Senior operator, office devices.
Assistant clerk..,..',
,-,-..do
Clerk.
do
Clerk-stenographer,
do.
doClerk. _
...
Senior stenographer _
Clerk.
Assistant clerk-stenographer_
Junior clerk..
Senior typist
„___.
Senior operator, office devices.
Junior clerk..._,
_do_.
Senior operator, office devices.
Junior clerk
..____,
do_.
.-..do.
Clerk .
Junior operator, office devices...
Clerk-sfeenographer
Junior clerk
d
Clerk-stenographer
Junior clerk
Assistant clerk-atenographer.
Junior clerk..do
Clerk.
Junior clerk
Assistant clerk
Junior clerk-typist
_
Senior stenographer
Senior operator, ©Sic© devices _
Junior clerk.
Assistant clerk
Senior stenographer
Assistant clerk
doSenior stenographer.
Junior clerk
Under clerk.
Junior clerk
Junior stenographer. _ _. _
_
Assistant clerk
Underclerk.
Junior clerk...
Junior operator, office devices .
Junior clerk.
__
do..
Junior operator, office devicesJunior clerk
Assistant clerk
Junior stenographer
do..
UnderclerkSenior operator, office devices.
Assistant clerk
Underclerk.
Junior clerk
Underclerk..
do
Junior clerk.
Underclerk-.
do..
Junior stenographer.
Underclerk
Junior clerk
.da..
.do,.
.do..
.do..

Salary
$2; 000
2,000
2,000
2,000
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,800
1,740
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
l s 680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1,680
1, 68a
1,680
1,680
1,620
1,620
1,560
1,560
1,560
1,500
I, SQft
1,500
1,509.
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1, 500.
1,500
1,500
1, 500
1,500
1,440,
1,440
1,440
1,440
1,440
1,440
1,440
1,440
1,440
1, 440
1,440
1,440
1,440
1,440

185

BEPOET OF THE COMPTROLLER OF THE GUBBEXGY

NO. 2.—Names and compensation of officers and clerks in the office of tlie
Comptroller of the Currency October 31, 1925—Continued
Designation

Name
Parsons, Edith N
Tschiffely, Lacey B. R
Wood, Kathleen
Yarborough, Eva M
Marks, Gra<3e J
Brumbaugh, Delia L.
Gurtin, Anna E
Remether, Eva C
Koontz, Clara E
Watts, Metta F
Smith, Charles AChamberlain, Robert J
Chapman, Mae
Davidson, Julia.
Easterday, William A
Hueter, Marion R
Keim, Charles G
G'Donnell, Josephine A
Qiiaekenbush,, Dorothy S
y
Ratisch, t icile-Mi.__.
lM
,
ce i
H l
Hessler, Grace E
Dickson, Martha L
Brown, Edith L_.
_
Burke, Madeline V__
Dillon, Minnie L
Dowden, Eleanor C
Du Rant, Anna K____
Dutrow, Mary H _
Duvall, Grace N
Harleston, Catherine A
Kellam, Margaret M
Kermett, Edna
Miller, Bellum
Pennock, Emily E_
Reese, Aline;.
Roberts, VictoriaSettle, May C. W_
Sheward, Adelaide H
White, Grace M
Wolfe, Alice M
Zoll,.Theresa.
Shelby, Magnus J.
Braxtoa, Henry.
Simms, Harry E
Blount, Silas A
_
_
Cover, Thomas A
Mann, Harry G.
Carroll, John I_
Hall, James
Taylor, John H
Whiteman, Edgar
Holland, Thomas. _
Minis, Alvin E
Blount, Joseph T__
Mundle, James F
Ledbetterj Thomas J__
Taylor, Mary F_.
Powell, Queen

Salary

Junior typist
Junior clerk
Underclerk
Junior clerk
_
do.
_
_
do
do
Junior operator, office devices.
Junior clerk
do
do...
do
Junior operator, office devices _
Junior clerk
Undermechanie
Junior operator, office devices _
Junior clerk
_do__
Junior stenographer.
do..
_..
do.
_.
Underclerk.
do
_
do
.....do
do
Underclerk
do.
do.
do
do.
do
do.
do.
do.

s
_

.
_

_

_

_.

_

_

Under clerk-typist
Underclerk
do.
do..
__
_»
Messenger, CU 3-1
do.
.
....do.
do.
do.
do...
do—.:
.._ do;

dodo
do
i
Junior messenger, CU 1-1
Minor mechanic.
Minor domestic attendant.
do.
_

$1, 440
1, 440
1, 440
1, 440
1, 440
1.380
1,380
1,380
1, 380
1, 380
1,320
A, 320
/1,320
1,320
1,320
1, 320
1,320
1,320
1,320
1,320
1,320
1,320
1,260
1,260
1, 260
1, 260
1,250
1,280
1,280
1,290
1,260
1,260
1,260
1,260
1, 266
1,289
1,260
1,260
1, 260
1,260
1,260
1, 260
1,260
1,260
1,200
1,200
l>200
1,140
1,140
1,14©
1,140
1,080
1,080
1,020
1,029
1,020
366
366

TABLE NO. 3.—Number of national banks organized since February 25, 1868,

number passed out of the system, and number in operation October 31, 1925
Under
Under
Under
Under

act of Feb. 25,1863. ___
act of June 3, 1864
_
gold currency act of July 12,1870..
act of March 14, I960

_

Total number of national-banks-organized
_
_
Number reported in voluntary liquidation
Number passed into liquidation upon expiration of corporate existence
Number consolidated under act of Nov. 7,1918
___
Number placed in charge of receivers 1
_
Total number passed out of the system
Number now in operation.
i Exclusive of those restored to solvency.




_

_

456
7,832
10
4,543
3,493
208
136
886

12,841

.___ 4,723
_

8,118

186

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 4.—Authorized capital stock of national banks on the first day of each
month from January 1, 1914, to November 1, 1925, United States bonds and
miscellaneous securities (act May 30, 1908) on deposit to secure circulation,
circulation secured by bonds on deposit, circulation secured by miscellaneous
securities, the amount of lawful money on deposit to redeem circulation^ and
national-bank notes outstanding, including notes of national gold banks.
[For prior years see annual report 1920]

Date

Number of
banks

Authorized
capital stock

Circulation
United
secured
States bonds
by United
on deposit
States
to secure
bonds
circulation

Circulation
secured
by miscellaneous
securities

a9i4
January.._
February
March
April.
May
June._
July
August^
September...October
November
December

7,509
7,501
7,500
7,500
7,519
7,528
7,539
7,548
7,551
7,561
7,578
7,584

$1,070,139,175
1,069,684,675
1,069,864,675
1,069,969,675
1.069, 706,675
1,075,711,675
1,074, 239,175
1,073, 734,175
1,073,524,175
1,075,684,175
1, 072,492,175
], 074,074,675

$743,066,500 $740,633,645
741,645,500 736,194,233
741,445,500 736, 509,838
740,603,400 735,445, 281
741,213,210 736,180,040
740,818,360 735,423,425
740, 796,910 735,528,960
740,220,660 735,222,801
870,289, 600 735,851,383
, 089,281, 290 737,109,983
,109,989,665 739,716, 693
L, 017,177,241 740,500,821

$17, 209,316
17,828, 533
16,658,993
16. 605,018
15,585.726
16,131, 271
15,142,939
15, 684.220
5126, 241, 760 15,447,138
325. 007,900 15,766,893
361,119,940 20,632,278
270,078,236 101,420,019

1915
January
February
March
April.
May
June
JulyAugust
September
October.
November
December

7,593 1,074,382,175
7,603 1,074,959,175
7,610 1,076,434,175
7,606 1,075,359,175
7,612 1,075,186,175
7,613 1,077,436,175
7,614 1,076,301,175
7,613 1,076,421,175
7,623 1,077,016,375
7,629 1,078, 566,375
7,632 1,079,321,375
7,632 1, 077,601,375

897,146,922
810,508,055
770,139,524
751,289, 635
742,687,871
738,666,230
736,743,751
735,867, 775
735,698, 808
735,793,393
735,146, 743
731,496, 540

720,332, 713 150,836,692
723,174,853
67,307,165
716,818.068 31,133, 734
718,984,138 15,154, 695
722,193,808
6, 582. 581
725,677,969
2,508,940
725,313,141
719, 561
723, 617,314
185, 245
722,978,831
181, 778
722, 769,381
172,203
722,754,924
171,203
720. 633^61
55,492

Lawful
money on
deposit to
redeem
circulation

168,541,616
191,724,115
190,078,639
165,409,147
139,016, 678
112,101,038
93,240,891
80, 798,814
70, 626,198
63, 794, 876
56,991,554
55, 677,100

Total
nationalbank notes
outstanding

$757,842,961
754,022,766
753,168,831
752,050,299
751,765,766
751, 554,696
750,671,899
750,907,021
877, 540,281
1,077,884,776
[,121,468,911
L, 111, 999,076
, 039,711,021
982,206,133
938,030,441
899, 547,980
867,793,067
840,287,947
819,273,593
804,601,373
793,786,807
786,736.460
779,917,681
776,365,653

1916
January
_ 7,621
7,609
February
7,607
March
7,593
April
7,587
May
7, 596
June
7,588
July
7,588
August
7,597
September
7,6t)4
October
7,608
November
7,604
December

1,077,501,375
1,074, 111, 375
1,073,831,375
1,072, 838,375
1,071, 025,875
1,070, 713,375
1,070,858.375
1,071,380,875
1,071,870,875
1, 069, 763,375
1,074,853,375
1,076,038,375

730,337,740
724,194,340
715,256,090
706,454, 690
696,750, 590
690,044,040
690,440, 930
689, 774, 660
689,739,180
687,931,240
687,957,990
682,853,740

719,571,758
718,923,490
711,129,418
702, 730,413
693,132,610
686,634,103
686,583,635
685,996,918
683,786, 698
684,409,881
679,650,913
675,006, 203

51, 765,450 771,337,208
47,468, 578 766,392,068
51, 866,895 762,996,313
55, 706,278 758,436,691
60, 622, 296 753,754,906
62,045,070 748,679,173
57, 591,025 744,174,660
54,324, 278 740,321.196
50,707,153
734,493,851
48,900,332 733,310,213
46,418,377 726,069,290
49,199,416 724,205,619

1917
7,597
January
7,593
Febiuary
7,602
March
7,600
April
.
7,607
May.
7,616
June
7,635
July
7,641
August
7,661
September
October
._ 7,664
7,671
November
7,676
December

1,075, 733,375
1,075,438,375
1,078,037,875
1,078, 577,865
1,083,307,865
1, 085, 662,865
1,087,287,865
1,091,197,865
1,094, 627,865
1,094,952, 865
1,096, 637,865
1,097,270,065

677,315,840
675,415,840
674,992,080
664, 526,370
667, 587,120
669,392, 710
671,333, 060
673,121, 730
677,818,430
678,134,370
679,440, 210
681,565, 810

674,659,613
670, 717,615
671,001, 858
661,371,468
664,245,448
666,344, 773
667, 670,433
670,367,175
674, 514, 656
675,182,077
676, 703,103
678,948, 778

52,165,627
50,540,476
47,118,057
56,191,132
53,245,374
50,241,202
47,749,577
45,416, 747
43,223,059
41,396,305
39, 573,272
38,103,287

726,825,240
721,258,091
718,119,915
717,562,600
717,490,822
716,585,975
715,420,010
715,783,922
717, 737,715
716, 578,382
716,276,375
717,052,065

1918
7,688 1,097, 555. 065 683, 581,260 681,814,981
January
37,397,649 719,212,630
7,687 1, 098,240,065 684, 508, 260 681, 521,546
February
36,311, 669 717,833,215
7,688 1, 095, 700, 065 685, 349,410 680,992, 731
March.
37,047,274 718,040,005
7,696 1,097, 015,065 688, 060, 510 684,667,148
April
36, 252,359 720,919,507
7,703 1.097, 505, 065 688, 969, 710
May
36,189,817 722,288,177
June__
_ 7,707 1.098, 215, 065 691,579,160 687,998, 070
35,989, 575 723,987,645
7,718 1.099, 170, 065 690,384,150 687, 326, 508
July
36, 878. 977 724,205,485
7,730 1,101, 840,065 690,831, 260 687, 577, 695
August
36,150,417 723,728,112
September... 7,745 1,104, 675, 065 682,411,730 680,209,970
44,108, 682 724,318,652
7,764 1,107, 364,065 683, 026, 300 678,465, 863
October
43,467, 307 721,933,170
November... 7,765 1,108,124, 065 684,446,440 679, 637, 575
41, 833, 562 721,471,137
December. _. 7,776 1,110, 761,165 684, 468, 950 676,431,533
40,421,622 716,853,155
* Subsequent to this date, and to December, 1916, miscellaneous securities included with United States
bonds.



REPORT OF THE COMPTROLLER OF THE CURRENCY

187

TABLE NO. 4.—Authorized capital stock of national banks on the first day of each
month from January 1, 1914) to November 1, 1925\ United States bonds and
miscellaneous securities (act May 8Q, 1908) on deposit to secure circulation,
circulation secured by bonds on deposit, circulation secured by miscellaneous
securities, the amount of lawful money on deposit to redeem circulation, and
national-bank notes outstanding, including notes of national gold banks—Contd.
[For prior years see annual report 1920]

Num- Authorized
ber of
banks capital stock

United
Circulation Circulation
States bonds
secured
secured
on deposit
by United by miscelto secure
States
laneous
circulation
bonds
securities

7,781
7,781
7,777
7,785
7,792
7,803
7,824
7,829
7,860
7,865
7,900
7,916

11,110,936,165
1,108,259,165
1,107,404,165
1,110,104,165
1, 111, 809,165
1,115, 054,165
1,123,819,165
1,135,149,165
1,141,329,165
1,143,299,165
1,155,139,165
1,157,229,165

$684,648,950
683, 004,450
683,342,450
688,183, 250
889,878, 300
691,052,300
692,252, 950
693,343, 210
694,621,710
696, 288,160
695,822, 060
698,196,300

.683, 661,878
680,025,471
679, 799,125
684, 292,440
686,157,475
685,612,243
683,086, 600
686,278, 555
689,235, 005
687,460, 223
687, 666, 753
688,995,580

1920
7,948 1,161,439,165
January
7,955 1,177, 719,165
February
March_
_ 7,978 1,184,809,165
8,009 1,195,309,165
April
May__
- 8,031 1,217,074,265
8,072 1,223,278,265
June.
1,229,429,765
July....
8,111 1,242, 084, 765
August
8,130 1,252,519,765
September
8,144 1,255,929, 765
October
8,157 1,273,949,765
November
8,166 1,274,859,765
December

699,357, 550
699,936,250
701,469,450
702, 846,200
704,884,000
706,307,750
707,963,400
709,436,400
711,000,900
711,839, 000
712,066,500
714,888,640

691,689,258
699, 866,398
689, 748,578
691,498,920
692,104.195
686,225; 000
689,327,635
698,099,990
698, 592,128
699,461,435
704, 732,185
706, 600,480

32,649,434
33,241, 792
32,892,677
32,439,832
31,288, 577
31,039,887
29,710,095
28,363, 714
27,403, 924
27, 015,647
27,817,444
27,410,317

724,338, 692
733? 108,190
722,641,255
723,938, 752
723,392, 772
717,264,887
719,037,730
726,463, 704
725,996,052
726,477,082
732,549, 629
734,010, 797

1921
January
February
March
April
May
June
July
August
September
October
November
December

8,173
8,179
8,185
8,181
8,184
8,179
8,178
8,181
8,187
8,187
8,179
8,188

1,272,464,765
1,272, 670, 565
1.276, 780, 565
1,271, 285, 565
1.277, C75, 565
1, 274, 445, 565
1,276, 720, 565
1,281, 770, 565
1,283,035, 565
1,285,120, 565
1,281,995,565
1,283, 755,565

715,325,440
714,973,190
716,966,190
719,049,440
720,012.440
722,491, 590
722,898,440
723, 675,190
724, 770,490
727, 002,490
727, 512,490
728,351,240

695, 900, 770
689, 592, 883
697, 728, 580
702, 948, 007
69.1, 643, 480
709, 657,145
712, 763, 865
702, 570,407
711, 000, 205
715, 836, 355
716,304. 820
723,023,965

27,376,452
30.061,044
30,065,284
29, 870,477
32.172, 872
30, 936,214
30, 526, 509
29,848, 772
28,148, 669
27,402, 759
26, 984,027
26,283,132

723,277,222
719,653,927
727, 793,864
732, 818,484
723, 816, 362
740, 593,359
743, 290,374
732,419,179
739,148,874
743, 239.114
743, 288, 847
749,307,097

1922
January
February
Marchl
April
May
June
July
August
September
October
November
December

8,207
8,213
8,217
8,231
8,250
8,263
8,274
8,265
8,265
8,262
8,262
8,264

1,286,265,565
1,288,220, 565
1,296,345,565
1,298, 961, 565
1,303,031,565
1,305, 931,565
1,315,476,565
1,317,271,415
1,316,017,915
1,314,938,715
1,316, 968, 715
1,317,668, 715

728.523,240
729,425,740
729. 702, 240
730,016,940
731, 693,690
733,876, 590
734, 546, 300
735,160, 690
735,460,690
737, 501,940
737,660, 690
739,018,690

724,235, 815
724,480, 758
727,465, 523
727,838,900
729,526,135
730,203,870
732, 585, 640
732,467, 585
733, 623,525
734,465,283
734,520,475
736,065,365

25,932,109
25,130,609
24,569,959
24,840,522
25,096,414
25,696,832
25, 616,387
25,603,977
26,082,024
26, 285, 914
26,158,712
25,433,762

750,167, 924
749, 611,367
752, 035,482
752, 679,422
754, 622, 549
755, 900, 702
758, 202,027
758, 071, 562
759, 705, 549
760, 751,197
760,679,187
761,499,127

1923
January
8,261
February
. 8,258
8,260
March_
8,259
April
8,268
May._
8,275
June
8,276
July
8,273
August
8.273
September
8,275
October, _.
8,264
November
8,247
December

1,328,558,715
1,321,718,715
1,325,058, 715
1,327, 216, 215
1,330,171,215
1,333,526,215
1,338, 571,215
1.341, 286,215
1.342, 911, 215
1,342, 071,215
1,342,728,715
1,342,473,715

738,257,440
739,329, 840
741, 077, 590
742,879,540
742, 823, 590
744, 034,190
744, 654, 990
744, 848,940
745, 585, 080
746,780,830
746,562,330
746,778,030

735,281,275
734, 541,173
738,423,517
739,984, 523
740,099, 541
742,178,351
719,103, 625
740,986, 663
740, 323,568
742,184,915
743,806.385
743,984,275

26,846,81.2
29, 209, 789
28, 620,187
27,197,981
27,868, 731
27, 829,641
28,336,094
28, 823, 714
28, 621, 244
28,137,092
28, 799. 884
29,450; 769

762,128,087
763, 750,962
767,043,704
767,182, 504
767, 968, 272
770,007,992
747,439, 719
769, 810, 377
768, 944, 812
770,322,007
772, 606, 289
773,435,044

Date

1919
January
February
March
April
-__
May
.
June
July
August------September
October
November
December




Lawful
Total
money on
nationaldeposit to bank notes
redeem
outstandcirculation
- ing

$39, 867.332 $723,529,210
41, 903, 027 721,928,498
42,080, 347 721, 879,472
40,194, 752 724,487,192
38, 973, 647 725,131,122
37,152, 677 722, 764.920
36,190, 333 719, 276, 933
34, 629,207 720,907, 762
35,328, 665 724, 563, 670
34, 024,987 721,485, 210
34, 727,572 722,394,325
33,146, 580 722,142,160

REPORT OW THE COMPTROLLER OF THE
TABLE N O . 4,—Authorized capital stock of national banks on the first day of each
month from January ly 1914, to November 1, 1925y United States bonds and
miscellaneous securities (-act May 30, p908) on deposit to secure circulation,
circulation secured by bonds on deposit, circulation secured by. miscellaneous
securities^ the amount of lawful money on deposit to redeem circulation, and
national-bank notes outstanding, including notes of national gold banks-—Contd.
[For prior years see annual report 1920]
!

Date

Num- Authorized
ber of
banks capital stock

1924
8,234
January
February
. 8,219
;
March,
April.
__- s>iss-:
8, J.64
May___
•8,153June.
8* 137
July.
8;-125
August.
September.. _ 8yll7
_ 8,109
October
November."... 8,108
8,098
December
8,:092'
1925
January. _*__.
February
March
Aprils
May:..
June—
July...
August.
September. . . .
October
,
November.. _

8; 090
8,078
8*068
8,066
8,084
8,103
i8;l!2
8;1_7
.8,115
8,120
8,118

Circulation
United
secured
States bonds
by United
on deposit
States
to secure
bonds
circulation

$1,338; 513,715 $746,577,780 $740,521,752
1,336,133,715 747,256,230 742,670,537
1,339,378; 715 748,875,180 743,454,758
1,341, 776,215 749,974,180 745, .171, .676
1; 342, 071,215 750,676,680 745,795,653
1,340,916*215 750,113,430 745,029,518
1,340,141,215 750,858,930 744,953,710
l,342,096;215
746,611,640 740,549,740
1,341,636,215 742,462,390 737", 141,058 •
1,342,606,215 741,239*890 736,557,660
1,335,766,215 739,842,890' 735;602^435
1,334,891,215 737,635,790 733,995,581
1,339,093,715
1,342,563,715
1,356, 043, 715
1,359, 768,715
1,369, 553, 715
1,372,738,715
1; 376,973, 715
1,377,358, 715
1,379, 623, 715
1,381,983,215
1, 381, 978, 215

731,613,630
725,171,780.
666,943,330
665,608,330
666,010,330
665;502,880
665,061,330
665; 227,130
665,810,130
665,542,630
666,185,130

727,175,641
722,092,263
663,324y91I:
661*613,281 ;
661* 397,558
061*293,895
660, 501, 393
660,341,413
662>186;083
661,380,320:
662,538,; 483

Circulation
Lawful
secured
. money on
by misceldeposit to
laneous
redeem
securities
circulation

Total
nationalbank notes
outstanding

$31,045*227 $77-1,566,-979
30,126; 232: 772,796,769
30,964*444
774,419,202
31,162,366
776,334,042
31,611,339
777,406,992
32,460,689
777,490,-127
33,058,069
778; 011,779
36; 537; 849 777; 087, 589
40/052,136
777,193,194
39,269*18# 775,826,844
38,67^,189
774,281,624
40,152,976
774,148,557
772,046,817
769,840,402
763*857,277
755,210,687
747,425,819
739*569*469
733,366,074
726,555,684
723,662>997
717,923,889
713; 802,744

44,87*, 176
47,748yl8&
100,532>366
93,597,406
86,028:281;
78,275,574
72,864*68!
66,214,271
61,476; 914:
56,543,569
51,264*261

NOTE.—Notes redeemed but not assorted not included in circulation outstanding.

TABLE NO. 5.—National banks reported in liquidation from November 1, 1921$, to
•October 81, 1925, the names, where known, of succeeding banks in cases of
sion, with date of liquidation and capital
Name and location of bank

Stock Growers National Bank of Rawlins, Wyo. (9557)* absorbed by First National
Bank of Rawli_s.-_
_
.__._
-_,.._.
._.
Farmers National B a n t of Americus, Kans; (10902), absorbed by Americus State
Bank, Americus
...
-_.„..____
First National Bank of Shelburn, Ind.,. (7513), succeeded by First State Bank
ofShelburm.___
_
...-_
>_
First National Bank of Fullerton, Calif. (5654), absorbed by Pacific-Southwest
Trust & Savings Bank, Los Angeles, CaliL
..
First National Bank of Lankershim, Calif; (11991), absorbed by California Bank,
IJOS Angeles, Calif
___
Peoples National:Bank of Hagerstown, Md» (4856), succeeded by NicodemusNa*
tional Bank of Hagerstown
_
First National Bank of Reform, Ala. (11233)
National Mechanics Bank of Newport News, Va. (11364), absorbed by Schmelz
National Bank of Newport News
.
__._
Farmers National Bank of Shenandoah, Iowa (11588), absorbed by Shenandoah
National Bank, Shenandoah.
First National Bank of Watts, Calif. (12210).
_,
Dakota National Bank of Webster, S. Dak. (12374)
First National Bank of Oakland, Calif. (2248), absorbed by American Bank of San
Francisco, Calif
_...
American National Bank of Augusta, Kans. (10888), absorbed by First National
Bank of Augusta:
First National Bank of Shoshoni, Wyo; (7978), succeeded by First State Bank,
ShoshoniL.—
,.




Date of
liquidation

Capital

1924
Oct. 28

$75,000

Sept> 29

25,000

Oct. 21

25,000

Nov. 1

100,000

Oct. 25

25; 000

Nov. 1
Nov. 4

100,000
25,000

Nov. 5

100,000

Oct. 2
Oct. 31
Oct. 25

100,000
50,000
25,000

Oct. 11

1,000,000

2s

25,009

Dee.

Nov. 29

25,000

189

REPORT OF THE COMPTROLLER OS' THE CTJKEElifGY

TABLE N O . 5.—National banks reported in liquidation from November 1, 192^} to

October Sly 1925, the names, where known, of succeeding banks in cases of succession, with doie of liquidation and capital-—Continued
*
Name and location of bank

First National Bank of Carbondale, 111. (4904),. absorbed by Carbondale Trust &
Savings Bank of Carbondale, which converted into First National Bank in Carbondale (12596)
.
First National Bank of Centrahorna, Okla. (12116), absorbed by First National
Bank in Coalgate, Okla...
Westmoreland National Bank of Greensburg, Pa. (4974), absorbed by Merchants
Trust Co. of Greensburg
_
Merchants National Bank of Harrisburg, Fa. (3713), absorbed by Central Trust Co.,
Hareisburg
First National Bank of Ada, Okla. (5620), succeeded by First National Bank in Ada.
Mill Creek National Bank, Mill Creek, Okla. (12188), absorbed by First National
Bank of Mill Creek
._
__
___
Corn Exchange National Bank of Omaha, Nebr. (9730), absorbed by Omaha National Bank, Omaha._
__
_
_
_
Nampa National Bank, Nampa, Idaho (11821) ^succeeded by Nampa State Bank of
_ Nampa __
First National Bank of Drumright, Okla. (10595), absorbed by Drumright State
Bank, Drumright
.._
Merehants: & Planters National Bunk of Porter, Okla. (12394), absorbed by First
National Bank of Porter
„
—_-...
First National Bank of Telluride, Colo. (4417), absorbed by Bank of Telluride
Clifton National Bank, Clifton, Tex. (11930), absorved by First Guaranty State
Baakcf Clifton...
American National Bank of Lewiston, Idaho (11745),; succeeded by American Bank
& Trust Co. of. Lewiston..
_
_
Hope National Bank, Hope, Ark, (8594), succeeded by First National Bank of Hope,.
First National Bank of Kemp City, P. O. Hendrix, Okla. (12161), absorbed by
Farmers & Merchants National B ank of Aclifile*Okla
-.
_
American National Bank of Boynton, Okla. (12265), succeeded by American State
Bank, Boynton
Standard National Bank of Washington, D. C. (12139), absorbed by District
National!Bank of Washington
_
_
First National Bank ©f Fall River, Mass. (256), absorbed by B. M. C. Duri'ee Trust
Co., Fall River....
American National Bank of Durant, Okla. (12126), absorbed by Durant National
Bank, Durant
.
_.
.__
First National Bank of Hartford^ Ark. (11748), absorbed by Farmers & Miners
National'Bank of Hartford
_
_
_._.
First National Bank in Bokchito, Okla. (12211), absorbed by Durant National
Bank, Durant, Okla
First National Bank of Elbert, Colo. (11681), absorbed by Elbert Co. Bank, Elbert..
Security National Bank of Blackwelly Okla. (12040), succeeded by Security State
Bank of Blackwell
Farmers National Bank of Hollis, Okla. (12237), absorbed by National Bank of
Commerce of Hollis
.
Railroad National Bank of Roseville, Calif. (11992),.absorbed' by Farmers & Merchants Bank of Sacramento, Calif
„
Southern National Bank of Memphis, Tenn. (12348), absorbed by Fidelity Bank &
Trust Co., Memphis.___
First National Bank of Portland, Conn. (1013), succeeded by Portland Trust Co.,
Portland
Copper National Bank of East Ely, Nev. (5578), absorbed by Ely National Bank,,
Ely.
Peoples National Bank of Lancaster, Fa. (3650), absorbed by Peoples Trust Co. of
Lancaster
First National Bank of Thermopolis, Wyo. (5949), succeeded by First National
Bank in Thermopolis
^____
American National Bank of Byars, Okla. (11498), absorbed by Byars State Bank,
Byars_
Stater National Bank of Comanche, Okla. (11771),succeeded by Security State Bank
of Comanche
.„_
First National Bank of Camden, Tenn. (8506), absorbed by Commerce Union
Bank of Nashville, Tenn,
_..__>_
.._
First National Baak of Molt, Mont. (11013), absorbed by Midland"National Bank
of Billings, Mont___
First National Bank of Booker, Tex. (11400) absorbed by First State Bank of
Booker
Western National Bank of Caldwell, Idaho (8225), absorbed by C aid well Commercial Bank, CalciweH
_
First National Bank of Luverne, Minn. (3428), succeeded by First and Farmers
National Bank in Luverne
Farmers National Bank of Luverne, Minn. (7770), succeeded by First and Farmers
National Bank in Luverne.
—
First National Bank of Madisonville, Ohio (8557), absorbed by Union Trust Co.
Cincinnati, Ohio
Boone National Bank^Boone, Iowa (6838),.absorbed by Boone State Bank, Boone.




Date of
liquidation
1924
Dec. 9
Dee.

Capital

$50,000

1

25,000

Dec. 31

100,000

.doDec. 22

100,000
100,000

Dec. 27

25,000
300,000

Dec. 31

100,000

6

50,000

.do..
Dec. 27
Nov. 29
1925
Jan. 10
Jan. 13
1924
Dec. 29

25,000
75,000

Dec.

25,000
100,000
100,000
25,000

Dee. 24

25,000

Oct. 29
1925
Jan. 13
1924
Dec. 27

200,000
400,000
100,000

Nov. 29
1925
Jan. 28
Jan. 15
1924
Dec. 22
1925
Jan. 27
1924
Dec. 23
1925
Feb. 5

100,009

Mar. 21

100,006

Jan. 13
Feb.

32,500
25,000
25,000

25,000
50,000
300,000

75,000

m

200,000

Feb. 21

100,000

1024
Dec. 22

25,000

Dec. 31
1925
Jan. 13

25,000*

Jan. 17
1924
Dec. 31

25,000

1925
Mar. 25

100, GOO

50,000

25,000

50,000

-do..
Mar. 26
Mar. 24

50,009
50,000
100,009

190

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 5.—National banks reported in liquidation from November 1, 1924, to
October 8}, 1925, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital—Continued
Name and location of bank

Date of
liquidation

First National Bank of Creston, Iowa (2586), succeeded by First National Bank in
1925
Creston, Iowa...
_
__
_
Mar. 26
Bogata National Bank, Bogata, Tex. (10639), absorbed by First National Bank of
Bogata
_
_
. Mar. 28
First National Bank of Loco, Okla. (12221), succeeded by First State Bank, Loco.. Feb. 11
Cmnami.nson National Bank of Riverton, N. J. (8484), succeeded by Cinnaminson
Bank & Trust Co
Apr. 1
Citizens National Bank of Longview, Tex. (6043) absorbed by Commercial Guar1924
anty State Bank of Longview
•___ Dec. 31
First National Bank of Firth, Idaho (11198), absorbed by First National Bank of
1925
Blackfoot, Idaho
_
Jan. 5
Citizens National Bank of Belington, W. Va. (6618), absorbed by First National
Bank of Belington
Mar. 28
First National Bank of Walden, Colo. (11248).
. _ . , . _ _ Mar. 30
Garfield National Bank of Enid, Okla. (12039), succeeded by Garfield Co. Bank of
Enid
..._
Apr. 10
First National Bank of Blackduck, Minn. (9147), succeeded by Farmers State Bank
of Blackduck.
_
_
Apr. 28
First National Bank of Vinton, Va. (11911), absorbed by Peoples Bank of Vinton.. Apr. 30
First National Bank of Littlefork, Minn. (11863), succeeded by State Bank of
Littlefork
Apr. 25
Francis National Bank, Francis, Okla. (10454), succeeded by First State Bank of
Francis
.__
_
Apr. 30
Merchants National Bank of Massillon, Ohio (4286), absorbed by Ohio Banking
& Trust Co., Massillon
.
May 1
First National Bank of Froid, Mont. (11061), absorbed by First State Bank of
May 2
Froid
First National Bank of Morrill, Nebr. (9653), succeeded by First National Bank
Mar. 31
in Morrill
First National Bank of El Centro, Calif. (9350), absorbed by Bank of Italy, San
Apr. 23
Francisco, Calif
_
Enid National Bank, Enid, Okla. (10202), succeeded by Enid Bank & Trust Co.,
Apr. 13
Enid
_.
_
-._
First National Bank of Savannah, Mo. (5780), absorbed by First Trust Co. of
Apr. 18
Savannah.
__.
_
_
First National Bank of Fannersburg, Ind. (11035), succeeded by Farmersburg
Mar. 1
State Bank, Farmersburg
___•_
First National Bank of Mitchell, Nebr. (7026), succeeded by First National Bank
Mar. 31
in Mitchell
American National Bank of Santa Ana, Calif. (11869), absorbed by Bank of Italy,
Apr. 22
San Francisco, Calif
_
_
Farmers & Merchants National Bank of Benton, Ark. (11225), absorbed by Benton
May 15
Bank & Trust Co., Benton
__
First National Bank of East Conemaugh, P. O. Conemaugh, Pa, (6979), absorbed
Jan. 24
by United States Trust Co. of Johnstown, Pa
Citizens National Bank of Kingfisher, Okla. (12068), absorbed by Peoples National
May 20
Bank of Kingfisher
_
_
First National Bank of Fairfax, S. C. (10979), succeeded by National Security
May 15
Bank of Fairfax
_._
First National Bank of Edmond, Kans. (9160), succeeded by Edmond State
Mar. 10
Bank, Edmond.
_
_
First National Bank of Arco, Idaho (11794), absorbed by Butte Co. Bank of Arco_. Mar. 9
Fifth National Bank of the City of New York, N . Y. (341), absorbed by ManuMay 28
facturers Trust Co., New York, N. Y
_
First National Bank of Blue Jacket, Okla. (10627), absorbed by Blue Jacket State
May 14
Bank.
._
_
First National Bank of Clio, S. C. (11153), absorbed by Peoples Saving Bank of
June 22
Clio
Golden State National Bank of Anaheim, Calif. (11823), absorbed by Bank of
June 18
America, Los Angeles, Calif
___
Glenside National Bank, Glenside, Pa. (9668), absorbed by Glenside Bank &
June 30
Trust Co., Glenside
First National Bank of Scottsblufi, Nebr. (6240), absorbed by Scottsbluff National
July 1
Bank, Scottsbluff
Farmers & Merchants National Bank of Fullerton, Calif. (9538), absorbed by
June 15
Bank of America, Los Angeles, Calif__
Gotham National Bank of New York, N. Y. (9717), absorbed by Manufacturers
Trust Co., New York, N. Y
. . . May 29
American National Bank of Sayre, Okla. (12486), absorbed by First National Bank
Mar. 12
of Sayre
--City National Bank of McAlester, Okla. (6406), absorbed by McAlester Trust Co.. June 29
July 6
First National Bank of Payette, Idaho (5906), succeeded by Payette State Bank__
Mount Vernon National Bank, Mount Vernon, Ind. (7786), succeeded by Mount
June 30
Vernon National Bank & Trust Co
Rupert National Bank, Rupert, Idaho (10517), succeeded by Rupert State Bank._. Jan. 31
-Peoples National Bank of Prosperity, S. C. (6994), succeeded by Citizens National
July 9
Bank of Prosperity




Capital

$50,000
50,000
25,000
100,000
100,000
25,000
40,000
25,000
100,000
25,000
50,000
25,000
25,000
500,000
25,000
25,000
200,000
100,000
50,000
25,000
50,000
200,000
25,000
50,000
50,000
50,000
25,000
50,000
1,200,000
25,000
25,000
75,000
125,000
50,000
50,000
1,500,000
25,000
50,000
80,000
50,000
50,000
25,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

191

TABLE N O . 5.—National banks reported in liquidation from November 1, 19&4, to

October 31, 1925, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital—Continued

Name and location of bank
Exchange National Bank of Kome, Ga. (10303), absorbed by National City Bank
of Rome
Wabash National Bank of St. Paul, Minn. (11770), liabilities assumed by the Clearing house banks of St. Paul
._
Dayton National Bank, Dayton, Ohio (898), absorbed by City National Bank of
Dayton
Commercial National Bank of Ogden, Utah (3139), succeeded by Commercial
Security Bank of Ogden
.
National Bank of Methuen, Mass. (1485), succeeded by Methuen National Bank,
Methuen
—
First National Bank of Norristov/n, Pa. (272), absorbed by Montgomery Trust
Co. of Norrristown
First National Bank of Slick, Okla. (11982), absorbed by Slick National Bank, Slick.
First National Bank of Afton, Okla. (10339), absorbed by Farmers State Bank of
Afton.
First National Bank of Nixon, Tex. (10682), succeeded by Nixon National Bank,
Nixon
.
First National Bank of San Fernando, Calif. ((9575), absorbed by Bank of Italy,
San Francisco, Calif
Slick National Bank, Slick, Okla. (12388)
First National Bank of Fairmount, N. Dak. (6255), absorbed by National Bank of
Fairmount
_..
Guaranty National Bank of Talequah, Okla. (11485), absorbed by Liberty National Bank of Talequah
Clayton National Bank, Clayton, N. Mex. (11136), absorbed by Farmers & Stockmens Bank of Clayton
Drovers National Bank of Kansas City, Mo. (9500), succeeded by Drovers National
Bank in Kansas City
First National Bank of Mussellshell, Mont. (11269), absorbed by Miners & Merchants Bank of Roundup, Mont
First National Bank of Watonga, Okla. (5804), absorbed by First Bank and Trust
Co., Watonga.__._
First National Bank of Putnam, Okla. (12086), succeeded by First State Bank,
Putnam
First National Bank of Lahoma, Okla. (9974), succeeded by First Bank of Lahoma.
First National Bank of Tecumseh, Okla. (5378), absorbed by Tecumseh National
Bank, Tecumseh
First National Bank of Laurel, Nebr. (9793), absorbed by Laurel National Bank,
Laurel
Elston National Bank of Crawfordsville, Ind. (7773), succeeded by Elston Bank
& Trust Co., Crawfordsville
Blaine County National Bank of Hailey, Idaho (11053), succeeded by First National
Bank in Hailey
Peoples National Bank of Custer City, Okla. (12185), succeeded by Peoples Bank
of Custer City
_
First National Bank of Bridgeport, W. Va. (11877), absorbed by Bridgeport Bank,
Bridgeport
*
National Union Bank of Boston, Mass. (985), absorbed by State Street Trust Co.,
Boston.
City National Bank of Watertown, N. Y. (4296), absorbed by Jefferson County
National Bank of Watertown
_
Total (123 banks) _




Date of
liquidation

Capital

1925
July 11

$150,000

July 10

200,000

July 13

300,000

July 31

100,000

Aug. 1

100,000

.do..
Feb. 21

200,000
25,000

Aug. 5

25,000

Aug. 11
Aug. 12
Aug. 3

50,000
50,000
25,000

Aug. 28

25,000

Aug. 6

25,000

June 6

25,000

Aug. 25

1,000,000

Feb. 25

25,000

July 21

50,000

Aug. 38
Aug. 27

25,000
25,000

Sept. 22

25,000

Sept. 18

40,000

Oct.

1

100,000

Oct. 22

50,00

Sept. 11

25,000

Oct. 21

50, 000

Oct. 13

1, 000,000

Oct. 31

200,000
14, 467, 500

TABLE NO. 6.—Capital stock, surplus y undivided profits, and aggregate resources of national banks consolidated under ad of November 7,
1918, for the year elided October 31, 1925, as shown by their last reports of condition prior to consolidation
Closing banks
Charter
No.

Title and location

8532 The National City Bank

of Chicago.

10220 The
876
12313
11718
12632

Central National
Bank of Waco.
The Merchants National
Bank of Newton.
The South Side National
Bank of Buffalo.
The Peoples National
Bank of Marion.
Metropolitan National
Bank & Tr. Co. of
the City of New York.

8775 The City National Bank

of Altus.
12721 The NorthwestNational
Bank of Washington.

State

111

Continuing banks

UnCharCapital Surplus divided Aggregate ter
resources No.
profits

Tex

500,000

100,000

79,029

4,887,25Q

N.J.__

200,000

200,000

37,500

3, 215,488

N. Y...

300,000

100,000

90,853

6,176,327

70,000

7,500

2,833

365,818

Va

50,000

D. C._.

200,000

0)

5046

200,000

(0

2044

Bank of Charleston.

3949 The American National

Colo...

100,000

20,000

5138 The New England Na-

Mo.... 1,000,000

505,000

6652

Ohio...

Bank of Leadville.

12757

tional Bank of Kansas
City.
The Woodruff National
Bank of Dunkirk.
Pacific National Bank
in New York.

N. Dak.

2317 The Centennial Nation-

Pa

al Bank of the City of
Philadelphia.

25,Q00

16,000

N. Y... 1,000,000 1, 500,000

9631 The Ellendale National

Bank, Ellendale.

25,000

10,000

1,322,770 12155

780,346

3746

23,355 18,283,308

12686

8,605

6,990

287,536

216,847 43,778,773
148

267, 295

300,000 700,000 2.18,924

7,970,000 3, 288,500 1, 506, 700 129,949,8,21
Total (15 banks)...
i Did not report prior to consolidation.




6839

Okla—

12702 The Exchange National

Aggregate

resources

Date of
consolidation
1924
Dec. 20

Bank of Newtqn.
25,824 6,318,132 ...do
Community Na250,000 150,000
tional Bank of Buffalo.
15, 200 1,197,669 . . d o . . .
The Marion National
100,000 100,000
Bank, Marion.
T h e C h a t h a m a n d 10,500,000 7,000, 000 2, 318,465 226, 913, 910 . . d o . . .
Phoenix National Bank
of the. City of New
York.
50,000
35,000
15, 477 1,630, 741 — d o —
Altus National Bank,
Altus.
1925
T h e Riggs N a t i o n a l 2, 500,000 1,250,000 647,443 39,691,153 Apr. 6
Blank of Washington,
D. C.
227,408 11, 583,106
The Bank of Charleston 1,000,000 500,000
National Banking Association, Charleston.
3,878 1,091,021 June 30
100,000
20,000
The Carbonate National
Bank of Leadville.
Apr. 6
New England National 1,000,000
(0
Bank and Tr. Co. in
Kansas City.
13, 577
. 391,814 June 30
25,000
The First National Bank
of Dunkirk.
5,000,000 5f 000,000 4, 516,035 227,821, 735 ...do
The American Exchange
National Bank, New
York.
242,622 ...do
25,000
2, 740
10,000
The. Farmers National
Bank of Eitendale.
The -First National Bank 1,500,000 2,500,000 1,160,584 54, 319, 225 —do...of Philadelphia,

11768 The

10778

3,881

Undivided
profits

1,000,
T h e National B a n k of $2,000,000 $1,000,000 $1,311, 250 $54, 332,474 Oct. 10
t h e Republic of Chicago.
600,000 200,000
66,855 8,530,551 ..do
2139 T h e FirstNational B a n k
of Wa.eo.
37,881 2, 639,166 Dec. 31
925 The Sussex National
200,000 200,000

,000,000

35,000

Surplus

460i

N. Y._.

0)

Capital

Date of
reports
1924

$2,000,000 $100,000 $817, 735 $42,125,222

Title a n d location

6628
1394
9521

Total (15 banks) _ _ . 24,850,00017,965,000 10> 362,6.17163ft7Q3,319

Dec. 31
1925
Jan. 2
Mar.

2

Mar. 11
Mar. 16

Mar. 21
June 10
June 20
J«ly 13
July 14
July 15
Aug.

1

Aug.

7

Oct.

3

CD

to

199

REPORT OF THE COMPTROLLER. OF THE CtTRRENG'E

TABLE N O . 7.—National banks consolidated under act of November 7<f 1918, their
capital, surplus, undivided profits, and aggregate assets, year ended October SI,
1925
Consoli- Chardater
tion
No.
No.

Title and location of bank

State

120 4,605 The National Bank of the

11
1
Tex

Republic of Chicago.
121 2,189 The First National Bank of
Waco.

122

925 The Sussex and Merchants

National Bank of Newton.

123 11,768 Community-South Side Na124
125J10, 778
126<12,155
127 5,046
128 2,044
129 3,746
130 12,-686
131 6,628
132 1,394
133 9,521
134

tional Bank of Buffalo.
The Marion National Bank,
Marion.
Chatham Phenix National
Bank and Trust Co., New
York.
Altus National Bank
The Rigfs National Bank
of Washington, D. C.
The Bank of Charleston National Banking Association, Charleston.
The Carbonate American
National Bank of Lead*
ville.
New England National
Bank and Trust Co. in
Kansas City.
The First National Bank of
Dunkirk.
The American Exchange-Pacific National Bank, New
York.
The Farmers National Bank
of Ellendale.
The First National Bank of
Philadelphia.

Date of
consolidation

Capital

Surplus

1924
Dec. 20 $4,000,000 $1,000,000
Dec. 31

1,000,000

200,000

1925
N.J—. Jan. 2

400,000

400,000

N.Y

Mar. 2

550,000

250,000

Mar. 11;

135,000

135,000

Undivided
profits

Aggregate

assets

$706,325 $90, 643, 227
100,000 12,194,719
87, 670

5, 760, 590

140,000 12,623, 038
16,858;

1,411,102'

Mar. 16 13,500,000 9,000,000 3,537,798 266,774,595
Okla... Mar. 21
D.C_. June 10

100,000
25,000
2,500,000 1,250,000

June 20
Colo —
Mo

1,000,000

500,000

July 13

100,000
1,000,000

500,000

50,000

10,000

OMo... July 15
N..Y_._ Aug. 1
N. Dak

Aug, 7

Pa

Oct.

Total (15 banks) _

263,794 12,189,873

20,000

July 14

90,013! 2,265,928
292,039 40,152,870

3

1,703,112
33,018 18,137,301.
638,485 '

7,500,000 8,500,000 3,726,385 212,496,249.
25,000

25,000

461, 001

1,6

1,950,000 3,250,000 1,584, 520 63, 822,191
33,810,000 25,065,000 10,885,116 741,274,28T

TABLE N O . 8.—Number and capital of Slate banks converted into national banking
associations in each State and Territory from 1863 to October 81, 1925
State or Territory
MaineNew Hampshire
Vermont.
Massachusetts „_..
Rhode Island
Connecticut..
New England States
New York
New Jersey—
Pennsylvania
Delaware.
Maryland
District of Columbia
E astern States.
Virginia
_
West Virginia
North Carolina
South Carolina._.
Georgia..
____
Florida
Alabama
«__
_..
Mississippi _
Louisiana.
Texas
___
Arkansas
Kentucky
Tennessee
Southern States




Number of
banks
34
28
22
189
52
65
390
230
49
112
6
36
439
66
33
37
47
28
18
27
16
126
40
40
49
539

Capital

State or Territory

Ohio.
Indiana
Illinois
MichiganWisconsin L.
Minnesota..
Iowa
116,571,510
Missouri
111,481,291
Middle Western States.
9,520,450
32, 274,095 North Dakota
585,010 South Dakota
..
10,249; 372 Nebraska
_
_
1, 080,000 Kansas..-.Montana
165,190; 218
Wyoming
5,912,100
Colorado
2,208,900 New Mexico
__-. •_•>
3,511,000
Oklahoma.
4,312; 006
Western States _
2,937, 000
1,815,060
Washington.
_._
2;760,0GG Oregon,.
.
1,290,000
California.
._
3, 575,000 Idaho
9,452, 500. Nevada
__
2,407,500 Arizona
5,831,9€0
Pacific States-.
4, 515, 000
$4, 605, 000
2, 595, 000
2, 029,.990
71, 691, 200
16,.717,55G
18,932,770

50, 527, 900

United States _„—

Number of

Capital

banks
24
25
39
24
33
106
42
44
337
48
72
78
37
9
34
7
191
559
59
28
108
26

i
j
I
|
j

5 !
227 I
2,491

$2, 890,000
1; 608, 000
4j 130,000
% 820, 000
3,395, G O
O
6, 746, 000
i; 935, 000
14,951, 800
38,475, 800
2, 735,0091,650,000
3, .600.006
3,877,000
1,485, 009
320,003
2, 655. 009
400,009
7, 870, 000
24, 592,000
5, .600, 009
1, 651, 090
22, 097, 800
1, 080, G O
O
50,000
300.00030, 778, 8
426,136,228

194

REPORT OF THE

TABLE

COMPTROLLER OF THE

N O . 9.—Conversions of State banks and primary organizations as national
banks since March 14, 1900, to October SI, 1925
Reorganizations
from State and
private banks and
national banks

Conversions of
State banks
Classification
Number

Capital

Number

Primary organizations

Number

Capital

Capital

Total

Number

Capital

857
715

$22,803,300 1,141
124,112, 800
717

$30,222,000 2,545
114,185,000 1,602

$65, 535, 500 4,543 $118,560,800
209,755,000 3,034 448,052,800

1,572

146,916,100 1,858

144,407,000 4,147

275,290, 500 7,577

Capital less than $50,000—
Capital $50,000 or over
Total...

TABLE

CURRENCY

566,613,600

N O . 10.—Number of national banks increasing their capital, together with
the amount of increase monthly for years ended October 31, since 1921
1921

Months

Number

Capital

Number

1924

1923

1922
Number

Capital

Capital

Total

$985,000
1,580,000
5,605,800
4,575, 000
1,495, 000
5, 700, 000
1, 090, 000
2, 765, 000
1, 760, 000
295,000
1, 510, 000
475, 000

7 $2,690,000
7
425,000
24 3,320,000
25 7,420,000
16 1, 286,000
23 3, 030,000
17 2,055,000
23 4,040, 000
39 6,074,850
21 1,821, 500
12 1, 200, 000
15 1, 665, 000

11
49
57
28
30
22
15
22
29
16
10
13

$880,000
11,165,000
6,835,000
3,605,000
3,870,000
2, 505,000
2, 540,000
2, 700,000
3, 200,000
1,485, 000
1, 045, 000
3,037, 500

259 27,835,800

November. _December
January
February
March
April
May
June
_
July
August
September-_.
October

229 35, 027,350

1302

i 42,867,500

Number

22
22
65
38
23
26
9
16
15
6
10
7

9
12
34
25
24
22
6
11
26
5
9
13
3

196

1925

Capital

Number

$1, 740,000
1,475, 000
4,100, 000
5,935, 000
3,487, 500
2,115, 000
675,000
485, 000
2,165, 000
410,000
1,040,000
1,325, 000

8
13
21
19
18
22
12
22
26
13
14
15

Capital

$590,000
3, 287,500
2,000.000
14, 687, 500
2,950,000
7,220,000
1,465,000
3,570,000
2,185, 000
2,160,000
2,240,000
1,055,000

2 24,952,500 3 203 8 43,410,000

1 Of these cases, 165 were effected wholly or in part b y stock dividends aggregating $24,749,000.
2
Of these cases, 78 were effected wholly or in part b y stock dividends aggregating $7,093,583.
» Of these cases, 85 were effected wholly or in part b y stock dividends aggregating $7,680,300.
TABLE N O . 11.—Number and authorized capital of national banks chartered and
the number and capital stock of banks closed in each year ending October 31, since
1913, with the yearly increase or decrease
Closed
Chartered
Consolidated
under act
N o v . 7, 1918

Year

No.
1914....
1915....
1916—.
1917....
1918
1919.._.
1920.._.
1921....
1922....
1923
1924....
1925....

144
122
176
164
245
361
169
232
190
135
251

Capital
$18,675,000
9,689,500
6, 630, 000
11, 590, 000
13,400, 000
21,780,000
31,077,500
20,005,000
24,890,800
30, 522, 500
21, 375, 000
26, 040, 000

No.

Loss to
capital

In voluntary
liquidation

No.

Capital

Insolvent

No.

Capital

N e t 3^early
Net yearly
increase
decrease
(exclusive of
(exclusive of
existing banks existing banks
increasing
decreasing
their capital)
their capital)
No.

Capital

113 $26,487,000
21 $1,810,000
61
14 1,830,000
82 13, 795,000
48
13
135 14, 828,000
805,000
7 1,230,000
107 14, 367,500
62
2
68 16,165,000
250,000
94
1
83 16, 380,000
25,000 135 $2,155,000
26 i $3,220,000
c
84 14, 730,000
205,000 257 14,492, 500
15 i 1,650,000
93 37,075,000
18
24
34 1,870,000
i 850, 000
77
21 1 3, 275,000 103 18,910,000
31 2, 015,000
690,800
19 i 2, 575, 000 121 39, 290,000
53 3,405,000
16 1 1, 255, 000 155 40, 745, 000 138 9, 635, 000
15 i 1, 660, 000 123 14, 467, 500 3 98 6,420, OOi a 15 3,492, 500

No.

Capital

$9, 622,000
5,935, 500
26 9,003, 000
4,007, 500
3, 015, 000
19, 790,000
3 14,747, 500
174 30, 260,000

1 Amount of capital stock reductions incident to consolidations.
2
Includes 1 bank with capital of $25,000 restored to solvency. There were also 3 banks restored with
aggregate capital of $125,000, for which receivers had been appointed prior to Nov. 1,1924. Also includes
1 bank with capital of $200,000 which had been placed in voluntary liquidation by its shareholders during
the year 1923.
3
There was an increase o 20 banks, considering the 4 banks restored to solvency and the 1 which was
f
in voluntary
for FRASER liquidation.

Digitized


195

REPORT OF THE COMPTROLLER. OF THE CURRENCY

TABLE NO. 12.—Total number of national banks organized, consolidated under act
November 7, 1918, insolvent, in voluntary liquidation, and in operation on October
SI, 1925
Consoli-

dated
Organunder
ized
act Nov.

States

Insolvent

In liqui- In operadation
tion

7,1918

Maine
_
New Hampshire
Vermont.
Massachusetts.
Rhode Island
Connecticut
_____

„

_ ..

113

72
76
344
65

54

58

13
22
168
47

64
46
155
17

3

6

43

62

11

34

347

392

51

250

861

18

336
1,107
28

9

10
48

127
30

3

2
3

2,489

37

233
163
126

Total Eastern States

5
2
2

112

165
98
155
67
82
1 012

_

3
4

542

44
182
10

275
86S
18

41
11

84
13

114

538

1,800

7
6
13

40
31
29

181
124
82

7

16
14
12

2
8

26

76

57
26

88
58

40

103

290
23

660
87

28
39

37
33

119

2
8
1

54
8

227
191

5
2

6
10

2,750

34

163

779

1,774

630
395
696

9
5
2

34
17
24

233
128
166

354
245
504

427
490
265

2
3
6

32
28
13

77
119
111

316
340
135

3, 396

31

175

1,009

2,181

238

1

34

_

193
343

41

_

430
189

4
2

. . .
1__

Ohio
Indiana. .
Illinois
Michigan
Wisconsin..
Minnesota
Iowa
Missouri.
Total Middle Western States

256
237

_.

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

2
2

16
11

77
73

110
65

139
106

128
159

162

43
37

38
136

112
170

42
58

124
46

260
83

_.
-

1

12
21

76
709

2

24
38

21
282

31
387

2,438

10

316

740

1,372

197

_

3

27

54

113

57
203

134
452
106
38

8

12
14

2

23
3

2
3

16
29

_

Alaska
The Territory of Hawaii
Porto Rico
Total Alaska and insular possessions___
Total United States, Alaska, and Insular
possessions
_




5

4
7
16
1

784

New York _.
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

Washington
Oregon .
California
Idaho
Utah
Nevada
ArizonaTotal Pacific States....

1
1

114

Total New England States

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

1

972

13

84

12
47

33
134

23
154

99
276

4
7

10
19

27
13

56
20

282

593

1

5

4
2

6
\

4
1

12

6

6

3,701

8,118

12,841

136

886

196

REPORT OF THE COMPTROLLER Off THE CURRENCY

TABLE NO. 13.-—Changes of corporate title of national banks, year ended October
81, 1935Charter
No.
5981
8323
11158
12507
1928
5846
10(51
1199
1006
11074
11P30
2678
11734
390
402
9339
11751
12698
1239
1326
3922
9905
615
12220
12749
3063

6802
10114
11600
9867
9409
12761
1308
6864
9544
6604
10526
12019
11689
12435
11844
8701
11188
11708

Title and loeation

Date

The First National:Bank of Paul&boro, N. X., to " T h e First National Bank and Trust
Company of Paulsboro"---*
The First National Bank-of Merchantville, N J., to " T h e First National Bank and
Trust Company of Merchantville"
The Farmers National Bank of Follett, Tex:, to •" The First-National Bank-of Darrousett," Darrousett, T!ex
_
The National Bank of Wadena, Minn., to " T h e First National Bank in Wadena"
The Farmers & Mechanics NationaPBank of Georgetown, Washington, D . C , to " T h e
Farmers <fe; Mechanics National Bank of Washington,"
The Suffern National Bank, Suffern, N . Y., to " T h e Suflern National Bank and Trust
Company"
The Citizens National Bank of Piqua, Ohio, to " The Citizens National Bank & Trust :
Company of P i q u a " .
-.
The First National Bank of Woodfcrury, N . J., to •" The First National Bank and Trust
Company of W o o d b u r y " . .
__
The Piqua National Bank of Piqua, Ohio, to " The Piqua National Bank and Trust
Company"
_
w.
The First National Bank of Plevna, Mont., to "Baker National Bank," Baker, MontTrie Farmers and Miners National Bank of Hartford, Ark., to "New First National
Bank of Hartford"
The Third National Bank of Dayton, Ohio, to " T h e Third National Bank and Trust
Company of Dayton"—
The Woodstown National Bank, Woodstown, N . J., to " T h e Woodstown National
Bank & Trust Company"
..'.
-.
T h e First National Bank of Marquette, Mich., to " T h e First National Bank and
Trust Company of Marquette"
The First National Bank of Port Chester, N . Y., to " T h e First National Bank and
Trust Company of Port Chester"..
The First National Bank of Montdair, N . J., to " The First National Bank and Trust
Company of Montclair"--.
__
_
The Aberdeen-National Bank, Aberdeen, Wash., to " First National Bank in Aberdeen"
The Kilgore National Bank of Kilgore, Tex., to " The Kilgore National Bank J1
The Phillipsburg National Bank, Phillipsburg, N . J., to " T h e Phillips-burg National
Bank and Trust Company"
__
__
T h e Salem National Banking Company, Salem, N . J:, to " T h e Salem-National Bank
& Trust Company"
_._
The City National Bank of Salem, N . J . , to " T h e City National Bank and Trust Company of Salem"
___
_
_
The Ardmore National Bank, Admore, Pa., to "Ardmore National Bank and Trust
Company"
_„_
The National Rockland Bank of ROxbury at Boston; Mass., to "National Rockland
Bank of Boston"
_
_
The Missouri National Bank of St. Louis, Mo., to " The Grand Avenue National Bank
of St. Louis"
The Hamilton National Bank of the Town of Union, Union C i t y , N . J . , to " T h e Union
City National B a n k " .
_
The Peoples National Bank of Langhorne, Pa., to " The Peoples National Bank-and
Trust Company of Langhorne"___
....
Arcadia National Bank of Newark, N . Y., to "Arcadia National Bank and Trust Company o f N e w a r k " . .
The Red Bluff National Bank, Red Bluff, Calif:, to " T h e First National Bank of Red
Bluff"
The First National Bank of Roberts, Idaho, to " T h e Rigby National Bank," Rigby
Idaho..
The National Bank of North Hudson at West Hoboken, N . J., to " T h e National Bank
of North Hudson at Union City," N . J
_.
The Midland National Bank of Minneapolis, Minn., to " Midland National Bank and
Trust Company of Minneapolis"The Quinlan National Bank of Quinlan, Tex., to " T h e Quinlan National Bank"
The Utica City National Bank, Utica, N . Y., to " Utica National Bank and Trust Corntan;
The Commercial National Bank of Los Angeles, Calif., to " T h e Commercial National
Trust and Savings Bank of Los Angeles".
_
The First National Bank of Town of Union, N . J., to " T h e First'National Bank of
Union City," N . J
_
T h e Old-Commercial National Bank of Oshkosh, Wis., to-"First National Bank in
Osftkosh".,
_
_
The; First National Bank of Pearl River, N . Y., to "First National Bank and Trust
Company of Pearl River"
_
The Peoples National'Bank of Belleville, N . J., to "Peoples National Bank & Trust
Company of'Belleville";.
_
The Farmers National Bank of South Shore, S. Dak., to " T h e Farmers National Bank
of Strandburg," 8. Dak____
_
•
_
New First National Bank in Burbank, Calif., to " First National Bank in Burbank "
Seventh Avenue National Bank of New York, N . Y., to "Seventh National Bank of
New York"
___,
The Old National Bank of Lima, Ohio, to " The Old National-City Bank of Lima"
The Broad Top National Bank of Coaldale, pa,, to " Farmers National Bank of Bedford," Pa
__
_
The Scarsdale National Bank, Scarsdale, N . Y., to "Scarsdale National Bank and
Trust C o m p a n y " . .
__

1924
Nov. 1




Nov. 10
1925
Jan. 6.
Jan. 8
Jan. 14
Jan. 21:
Jan. 31
Feb.

2

Feb. 3
Feb. 4~
Feb. 17Mar. 2
Mar. 23
Apr. 9
V
Apr. 10:
Apr. 11
Apr. 14?
May 5
May 25
May 26
Do.
June

3

June

6'

June

8

June 10
June 11
June 25
lJuly

1

Do.
July 14:
July 17
July 28
Aug. 5
Aug. 19
Aug. 29
Sept. 15:
Sept. 17
Sept. 24
Sept. 28
Sept, 29,
Oct. 10
Oct. 12
Oct. 21
Oct. 22

REPORT OF THE COMPTROLLER OF THE CURBENCl'

197

TABLE NO. 14.—Changes of title incident to consolidations of national banks, pear
ended October 31, 1925
The Merchants National Bank of Newton, N. J. (876), and The Sussex National Bank of Newton (925)
consolidated: under the charter of the latter, with title: The Sussex and Merchants National Bank of
Newton.
The South Side National Bank of Buffalo, N. Y. (12313), and The Community National Bank of Buffalo
(11768) consolidated under the charter of the latter, with title: Community-South Side National Bank of
Buffalo.
The Metropolitan National Bank & Trust Co. of the City of New York, N. Y. (12632), and The Chatham
and Phenix National Bank of the City of New York (10778) consolidated under the charter of the latter,
with title: Chatham Phenix National Bank arid Trust Co.
The American National Bank of Leadville, Colo. (3949), and The Carbonate National Bank of Leadville,
(3746) consolidated under the charter of the latter, with title: The Carbonate American National Bank of
Leadville.
Pacific National Bank in New York, N. Y. (12757), and The American Exchange National Bank, New
York (3394), consolidated under the charter of the latter, with title: The American Exchange-Pacific
National Bank.

TABLE N"O. 15.—National banks chartered during the year ended October 31, 1925

12642

First National Bank of Monroeville..

12813

First National Bank of Eudora...

12624
12640
12647
12665
12673
1267&
12693
12735
12754
12755
12764
12786
12787
12797
12802
12804
12807
12819
12833

Florence National Bank, Florence
First National Bank in San Rafael
Beverly National Bank of Beverly Hills
New First National Bank in. Oakland
_.
Graham National Bank, Gxabam-New First National Bank in VisaliaCitizens National Bank of Claremont
National Bank of Commerce in Pasadena
Commercial National Bank of Bellflower
Peoples National Bank of Los Angeles
New First National Bank of Fullerton
Temple National Bank, Temple
American. National of. Santa Monica
First National Bank in South Pasadena
San Leandro National Bank, San Leandro__National Bank of Hollywood in Los Angeles_
South, Gate National Bank, South. Gate
Seaside National Bank of Long Beach
First National Bank of Atascadero

$50,0(30

ARKANSAS

40,000
CALIFORNIA

Total (19 banks) _

12716

50,000
100,000
100,000
500,000
50, 000
100,000
50,000
200,000
25,000
500, 000
100,000
25,000
100,000
100,000
100, 000
200,000
50,000
300,000
25,000
2,675. 000

First National Bank of Genoa..

25,800
CONNECTICUT

12594
12637

Citizens National Bank of Putnam
Plants ville National Bank, Plantsville.
Total (2 banks)

120,000
25,000
145,000

DISTRICT OF COLUMBIA

12721

Northwest National Bank of Washington

1

200,000

FLORIDA

12600 Palm Beach National Bank, Palm Beach...
12623 Alexander National Bank of St. Petersburg.
12751 American National Bank of Sarasota
12841 First National Bank of Boynton
Total (4 banks)

50, 000
200,000
100,000
50,000
400,000

GEORGIA

12635 | Carters ville National Bank, Carters ville
1

100,000

With one branch in Washington. Consolidated on June 10, 1925, with The Kiggs National Bank of
Washington,
D. C , under act Nov. 7,1918.



198

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 15.—National banks chartered during the year ended October SI,

1925—Continued

12832

First National Bank in Hailey.

12596
12605
12615
12630
12653
12658
12779

First National Bank in Carbondale..
Roseland National Bank of Chicago,.
Guardian National Bank of Chicago.
First National Bank of Wilsonville...
First National Bank of La Grange.. _
First National Bank of Plymouth
First National Bank of Blue Island..

$50,000
100,000
200,000
1,000,000
25,000
100,000
25,000
200,000

Total (7 banks)

1,650,000
INDIANA

12780 Mount Vernon National Bank and Trust Company, Mount Vernon_

50,000

IOWA

12610 First National Bank in Hamburg..
12636 First National Bank in Creston
12645 First National Bank of Lake Park _
12656 Hedrick National Bank, Hedrick__

50,000
100,000
25,000
40,000

Total (4 banks).

215,000

12694
12740
12791
12821

Hoisington National Bank, Hoisington..
National Bank of Topeka
First National Bank of Cunningham
First National Bank of Tonganoxie
Total (4 banks)

50,000
400,000
25,000
25,000

_

500,000
KENTUCKY

12649

Lynch National Bank, Lynch.

50,000
MASSACHUSETTS

12800 Methuen National Bank, Methuen

._,

100,000

MICHIGAN

12616 First National Bank of Wyandotte
12657 First National Bank of Royal Oak
12661 First National Bank of L'Anse Creuse_
12697 Dart National Bank of Mason
12793 First National Bank of Almont
12826 First National Bank of Utica
Total (6 banks).

150,000
100,000
50,000
25,000
25,000
25,000
375,000

MINNESOTA

National Bank of Grey Eagle. _
First and Farmers National Bank in Luverae..
Total (2 banks).

25,000
100,000

12822

First National Bank in Columbus..

100,000

12643
12674
12686
12770
12781
12794
12815
12820

Cherokee National Bank of St. Louis
Farmers National Bank of Ridgeway
New England National Bank and Trust Company in Kansas CityNew First National Bank in Springfield
First National Bank in Webster Groves
Drovers National Bank in Kansas City
First National Bank of Parkville
First National Bank of Brookfield

12607
12634

Total (8 banks).




125,000

200,000
25,000
1,000,000
125,000
100,000
600,000
25,000
100,000
2,175,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

199

TABLE NO. 15.—National banks chartered during the year ended, October
1925—Continued

12608
12679

MONTANA

National Bank of Lewistown
Richland National Bank of Sidney

$150,000
25,000

Total (2 banks).

175,00®
NEBRASKA

12625
12626

First National Bank in Merrill.
First National Bank in Mitchell-..

25,000
50,000

_•____

Total (2 banks)

75,000
NEW

12598
12603
12604
12606
12609
12617
12618
12621
12631
12646
12660
12663
12675
12690
12706
12726
12732
12749
12750
12771
12806
12823
12828
12829
12830
12834

JERSEY

First National Bank of Highland Park
First National Bank of Midland Park
Forest Hill National Bank of Newark
_
Yardville National Bank, Yardville.
First National Bank of Glen Rock
Atco National Bank, Atco
Mount Ephraim National Bank, Mount Ephraim
Oaklyn National Bank, Oaklyn
South Side National Bank and Trust Company of Newark
First National Bank of Hamilton Square
First National Bank of Bloomingdale
First National Bank of Hawthorne
Peoples National Bank of Montclair
Clifton National Bank, Clifton
First National Bank of Allendale_.
Broadway National Bank of Paterson
First National Bank of North Bergen
Hamilton National Bank of Town of Union 2
Franklin National Bank of Nutley
Labor Co-Operative National Bank of Newark
Liberty National Bank of Quttenberg
Alpha National Bank, Alpha
Citizens National Bank of Rahway
_
Hamilton National Bank of Weehawken
_.
First National Bank of SpringfieldAmerican National Bank of Passaic

-

_.

Total (26 banks)

2, 535,000
NEW

12710

MEXICO

New First National Bank in Silver City
NEW

12592
12593
12601
12632
12659
12705
12746
12757
12773
12785
12788
12810
12811
12818
12825
12836
12837

50,000
25,008
200,006
25,006
60,000
25,009
25,008
50,008
200,008
50,000
50,008
100,009
200,000
100,00®
50,00©
200.008
ioo;ooe
100,008
100,008
250,000
100,008
25,000
100,008
100,008
50,00©
200,000

100,008
YOKK

National Bank of Port Byron..
Citizens National Bank of East Northport..
First National Bank of Harrison
_
Metropolitan National Bank & Trust Company of the City of New York
First National Bank of Great Neck at Great Neck Station
Hartsdale National Bank, Hartsdale
Chappaqua National Bank, Chappaqua
Pacific National Bank in New York •
National Bank of Rensselaer
Broadway National Bank, Newburgh
Peoples National Bank of Patehoguo
_
National Bank of Savannah
_
First National Bank of Pleasantville
East Rockaway National Bank, East Rockaway
Fordham National Bank in New York
Lyons Falls National Bank, Lyons Falls
Bowery National Bank of New York
„
Total (17 banks)

25,006
25,00®
25,008
2,000,000
50,000
50,00®
50,000
1,000,000
100,00®
100,006
100,008
25,00§
75,000
50,000
250,000
25,006
250,000
4,200,006

NORTH CAROLINA

12614 First National Bank of Benson
12633 National Bank of La Grange
12772 National Bank of Snow Hill
Total (3 banks)

„_

100,008
25,008
50,008
175,000

J
8

Title changed to "The Union City National Bank."
With one branch in New York City. Consolidated on Mar. 16,1925, with Chatham Phenix National
Bank & Trust Co., under act Nov. 7, 1918.
4
With 6 branches in New York City. Consolidated on Aug. 1, 1925, with The American Exchange^
Pacific National Bank, under act Nov. 7,1918.

67746°—26f




14

200

BEPOET OF THE COMPTROLLER OF THE CURRENCY

TABLE NO, 15.—National hanks chartered during the year ended October 31,

1925—Continued

NORTH DAKOTA

12743
12776
12817

Farmers National Bank in Lidgerwood _ _ _
First National Bank in Lidgerweod
First National Bank in Valley City

$25, 000
25,000
100, 000

Total (3 banks)

150,000
OKLAHOMA

12591
12629
12801
12S12

nm
12613
12655

First National Bank in Ada..
Peoples National Bank of Henryetta
National Bank of Commerce at Hugo
First National Bank in Diinean
First National Bank in Wilson

,_

,

Total (5 banks)

100,000
100, 000
50,000
50,009
25,000
325,000

Brotherhood Co-operative National Bank of Portland.
Prineville National Bank, Prmeville
.
Total (2 banks).

200,000
50,000
25.0,000

PENNSYLVANIA

12595
12597
12602
12688
12695
12720
12805

Narberth National Bank, Nar berth
First National Bank of Monroeton
National Bank of Webrum
Hershey National Bank, Hershey
Bala-CyB.wy<i National Bank, Bala-Cynwyd.
First National Bank of Cassandra.
West En4 National Bank oi" Shamokin
First National Bank of Yukon,.
Total (8 banks).

50,000
25,000
25,000
125,000
50,000
50.000
125,000
30/000
480,000

SOUTH CAROLINA

12668 National Security Bank of Fairfax
5
12702 Exchange National Bank of Charleston _
12774 Citizens National Bank of Prosperity
12799 First National Bank in Florence

Total (4 banks).

25,000
200,000
50,000
100, 000
375,000

SOUTH DAKOTA

12611 First National Bank in Alexandria. _ _ _ . . .
12€20 National Bank of Wessington Springs
12662 Oldham National Bank, Oldham
12777 Onida National Bank, Onida
12784 McCook County National Bank of Salem..
12338 Security National Bank of Brookings

Total (6 banks).
129 First National Bank of Springfield
12780 National Bank of Commerce of Jackson-

Total (2 banks) -

50,000
25,000
25,000
25,000
25,000
50,000
200,000

50,000
100,000
150,000

25,000
12S12 First National Bank of Bishop
25,000
22819 First National Bank of Amherst
6©,G0Q
12622 Farmers National Bank in Piano
25,000
12627 First National Bank of Wheeler
25,000
12641 First National Bank of Weslaco
25,000
12648 Fort Bend National Bank of Richmond500,000
12650 Central National Bank in Dallas
150,000
12651 Liberty National Bank of Paris
,
25,000
126S2 First National Bank of Oglesby
25,000
12654 First National Bank of R owlett...........
* Consolidated on June 20,1925, with The Bank of Charleston National Banking Association u a d e i a c t
Nov. 7,1918.




BEPOBT OF THE -COMPTROLLER 03? THE CURRENCY

201

TABLE NO. IB.—National banks chartered during the year ended October 31,
1925— Continued
Char- !
ter I
No. !

Title

Capital

TEXAS—continued
12664
12666

First National Bank of Alvord
First National Bank in Childress
_._
State National Bank of Mineral W ells
State National Bank of Wills Point
Alvord TNational Bank, Alvord
City 2\ ational Bank in Cbiidress
City National Bank of OIney
First National Bank of Clint
,„..
City National Bank of Georgetown,,
Como National Bank, Corno__
First National Bank in Lubbock... „
Lubbock National Bank, Lubbock...
_
First National Bank of Sylvester...._
_
First National .Bank of Milford
.
First National Bank of Millsap
_
State National Bank of Karnes City
First National Bank of W i n d o m . . .
Floyd County National Bank of Floydada,,.
First National Bank of Handley 6
Kilgore National Bank of Kilgore .
State National Bank of B o n h a m . .
Farmers & Merchants National Bank of Hamlin..
Farmers National Bank of Italy
State National Bank of Marshall
Mercantile National Bank in Pallas
Tarrant County National Bank of Grapevine
First National Bank of Odell
Valley View National Bank, Valley View
State National Bank of West
Farmers National Bank of Thornton
City National Bank of Grand Prairie
First National Bank of Reagan
First National Bank in Clifton
First National Bank of Needville
First National Bank in Cumby
First National Bank of Blackwell
First National Bank of Bronte.._
_
_
First National Bank of Josephine
First National Bank of Sudan
Moran National Bank, Moran
_
Citizens National Bank of Denison___
State National Bank of Robstown
Farmers-First National Bank of Stephensville
Security National Bank of Bowie
State National Bank of Terrill
_
.City National Bank of Mineral Wells
North Texas National Bank in Dallas
„__
Citizens National Bank of Marlin
Security National Bank of Collinsville
___
First National Bank of Evant
First National Bank of Bailey
State National Bank of Groom
First National Bank of Hale Center
,
State National Bank of Grand Saline
„.,.
First National Bank of La Feria....
Security National Bank of Paducah._„__.„„
_
First National Bank of Melvin.
,
Gouger National Bank of Robstown
_
First National Bank of Rosenberg
Farmers National Bank of D u b l i n . . , -.
First National Bank of Emhouse
Citizens National Bak of Lone Oak
Quinlan National B ank of Quinlan ?
Parker County National Bank of Weatherford-...
Citizens National Bank in Kaufman
State National Bank of Lamesa..,.
State National Bank of Santa Anna._. _
El Paso National Bank, El Paso
---,.
Strawn National Bank, Strawn. „_„„..,...-.
Citizens National Bank of Commerce..,,
Nixon National Bank, Nixon
_
Farmers and Merchants National Bank of Celina.
First National Bank of Ireland
First National Bank of Raymondville,,,,
.
First National Bank in Brownsville
._.




$25,000
60,000

100,000
100,090
SO, 000

100,000
€0,000
25,000
50,000
25,000
200,000
100,000
35,000
25,000
25,000
25,000
40,000
50,000
25,000
25,000
200,000
40,000
40,000
100,000
500,000
50,000
25,000
25,000
50,000
25,000
40,000
25,000
40,000
50,090
50,000
25,000
25,000
30,000
25,000
25,000
100,000
50.000
100, 000
100, 000
200,000
100,000
1,000,000

100, 000
25, 000
25, 000
25,000
25,000
25,000
40, 000
50, 000
50, 000
25,000
50, 000
25,000
50,000
30,000
25, 000
25, 000
125, 000
100,000
60,000
35,000
200,000
50,000
50,000
25,000
25,000
25, 000
50,000
200,009

202

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 15.—National banks chartered during the year ended October 81,

1925—Continued
Charter
No.

Title

Capital

TEXAS—continued
First National Bank in Cisco.
;
Rochelle National B ank, Rochelle
First National Bank of Loveland
State National Bank of Lovelady
First National Bank in Conroe
_
First National Bank of Littlefleld
12831 First National Bank of O'Donnell.....
12835 First National Bank of Lakeview
12840 Harrisburg National Bank, Harrisburg

12795
12796
12798
12803

$50,000
25,000
25,000
25/ 000
50,000
25,000
25,000
25,000
50,000

Total (94 banks)

i, 900,000
VIRGINIA

12599

Wythe County National Bank of Wytheville __..-.-..

50,000

WASHINGTON

12667 Brotherhood Co-Operative National Bank of Tacoma
12704 Grays Harbor National Bank .of Aberdeen._
,

Total (2 banks)

200,000
100,000

....

300,000

WEST "VIRGINIA

12765 Milton National Bank, Milton
J2$39

Matoaka National Bank, Matoaka
- Total (2 banks)

50,000
25,000

_

75,000

_
WISCONSIN

12028
12644 Grand and Sixth National Bank of Milwaukee
12814 Peoples National Bank of Hay ward
„
12816 Crandon National Bank, Crandon

200,000
25,000
25,000
200,000

Mechanics National Bank of Milwaukee
Total (4 banks)

450,000
=, . . .
.

,
WYOMING

12638

First National Bank in Thermopolis

50,000

_

26,040,000

Total United States (251 banks)

TABLE N O . 16.—National banks, by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during the year ended October 81,
1925
Failed

Organized

States
Number

Massachusetts
C onnecticut.
Total New England
States
New York
New Jersey
Pennsylvania
Mar viand

District of Columbia.__
Total Eastern States..
Virginia

1
2

Authorized Numcapital
ber

Capital

Voluntary liquidation
Assets

Number

Capital

Gross
assets

$100,000
145,000

3
1

$1,500,000
100,000

$20,947,064
430,058

3

245,000

4

1,600,000

*21,377,122

17
26
8

4, 200,000
2, 535, 000
480, 000

$275,000 l $4,542,432

3
1
6
1
1

2,900,000
100,000
775,000
100,000
200,000

46,674,402
1,423,132
13,463,060
2,093,154
1,271,399

4, 542. 432

12

4, 075, 000

64,925,147

2
2

150, 000
90,000

1,288,570
554,662

1

200,000

52

7, 415,000

1
2
3

50, 000
75,000
175, 000

4

4

275,000

1
50,000
West Virginia
..._
571, 071
4
155,000
1, 413, 784
North Carolina
1
Includes one bank with capital of $25,000 and assets of $200,732 restored to solvency.



203

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 16.—National banks, by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during the year ended October 81,

1925— Continued

Organized
States

Number

South Carolina
Georgia
Florida
Alabama
Mississippi
Texas
Arkansas
Kentucky
_.
Tennessee

Authorized

capital

4
1
4
1
1
94
1
1
2

8, 465, 000

1
7
6
4
2
4
8

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa'
Missouri

50,000
1,650,000
375, 000
450, 000
125, 000
215,000
2,175, 000

32
3
6
2
4
2
1
1
1
5

Number

Voluntary liquidation
Assets

Capital

6
5
1
1

$570, 000 2$4,413,940
4,175, 207
625,000
581, 522
100,000
281,864
100,000

5

$375,000
100,000
400,000
50,000
100,000
6,900,000
40,000
50, 000
150,000

115

Total, Southern States

Failed

2, 008, 960

485, 000

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

_
_

$100,000
150,000

3
1

Gross
assets
$881,337
1,363,246

1

25,000

174,624

5
3

250, 000
157, 500

809,730
1, 203,536

1

80,000

241, 589

2

325, 000

1,966,063

24

2,165, 000

13, 687, 937

19

1, 247, 500

8, 241,658

1

25,000

213,968

3
4
1

850, 000
200,000
50,000

9,650,261
2,445, 744
658,667

2
12
8
1

75, 000
735,000
525,000
25,000

808,095
9,137,061
4,014,679
251, 224

5
3
2

400,000
250, 000
1,050,000.

4, 046, 217
2,478, 922
12,039,378

5,040, 000

24

1, 385, 000

14,425, 027

18

2, 800, 000

31, 319,189

150,000
200,000
75,000
500,000
175,000
50,000
25,000
100,000
325,000

7
9
2

175,000
420,000
125, 000

1, 658, 924
4,440, 783
1, 394, 092

6
1
4
2
9

215,000
50,000
475, 000
250,000
555, 000

948, 788
361, 445
3, 681, 983
1, 371, 252
3, 778, 626

1
1
5
3
3
3
3
1
30

25,000
25,000
465,000
7.5,000
75,000
200,000
125,000
25,000
1,250,000

263,958
108,^77
5,970,979
472,055
439,160
2, 079,892
834,762
133, 455
11, 088, 817

2, 265, 000

17,633, 893

sa; .

2,265,000

21,391,855

10
8
1
1

1, 800, 000
505,000
100,000
75,000

20, 847, 089
3, 711,673
1, 541. 534
370, 278

rr

Total Middle Western States

Capital

Number

Total, Western States.

25

1,600,000

40

Washington
Oregon
._
California
Idaho.
Utah
Nevada
Total, Pacific States..

2
2
19
1

300, 000
250, 000
2, 675, 000
50,000

1

25,000

268, 578

5

305,000

2, 642,474

24

3, 275, 000

6

330,000

2,911,052

20

2,480, 000

26,470,574

Total, United States..

251

26, 040, 000

98

6, 420, 000

53, 200, 341

123

14, 467, 500

173, 725, 545

2
Includes one bank with capital of $200,000 and assets of $1,361,347 previously reported in voluntary
liquidation.

TABLE N O . 17.—Number and classification of national banks chartered monthly
during the year ended October 81, 1925
Conversions
Number
November
December
January
February.
March
April
May
June July
August
September
October.__

.__
_.
. ...
. «

Total



Capital

1
2
3
1
4
19
29
12
8
3
1
3

$100,000
125,000
2, 085, 000
100,000
625,000
1,915.000
2,030,000
2,100, 000
625,000
105,000
100,000
325,000

86

10,235,000

Reorganizations
Number

Capital

1
1
4
8

7

$25,000
100,000
600,000
400,000
245,000

2
1
1

100,000
100,000
25,000

25

1,595,000

Primary organizations
Number

Capital

Total
Number

Capital

12
10
14
13
10
14
10
12
12
7
16
10

$570, 000
1,960, 000
1,150, 000
825,000
690,000
2, 050, 000
1,975, 000
950,000
1, 375, 000
650,000
1, 415, 000
600,000

13
12
18
15
18
41
46
24
22
11
18
13

$670,000
2,085,000
3,260,000
1,025,000
1,915,000
4,365,000
4,250,000
3, 050, 000
2,100, 000
855,000
1,540, 000
925,000

140

14, 210, 000

251

26,040, 000

204

REPORT OF THE COMPTROLLER OF THE CURRENCY
No. 18.—Classification of national banks, according to capital slock, June
SO, 1925
[In thousands of dollars]
CAPITAL STOCK OF LESS THAN $50,000

Cities, States, and Territories

Aggregate
Aggregate
Num- loans and
paid-in
ber of discounts, resources,
capital
including
banks including rediscounts
stock
rediscounts;

Aggregate
deposits

OTHER RESERVE CITY
296

1,149

$1,160
882
693
4Q3
412

Chicago.

$2,268
1,383
1,371
1,064
1,217

$100
125
75
100
75

COUNTRY BANKS

Midue.
'N«w Hampshire..
•Vermont
Connecticut
Tofal:New England States
Isl&w York
Mew Jersey
iPennsyhrani a.,
-Delaware
;.
Maryland.,.-.
Total Eastern States.
Virginia
....
•W«st Virginia. - Merth Carolina. _
Bou^h Carolina. _
Georgia
.-..-.
F lodd
i
Alabama
Louisiana..
"Texas
Arkansas..
Kentucky..
-Tejmessee..
Total Southern States..
Ohio
Indiana
,
Illinois
Michigan—.
Wisconsin..
Mmaesota.
Iowa
Missouri.-.

_

$1,873
1,423
1, 091
764
1,029

19

3,550

128
51
206
2
22

32,156
17,012
42,259
360
6,248

80,575
34,404
105,-080
803
13, 393

3,295
.1,314
5,320
50

409

98,035

234,255

10, 564

194, 520

43
40
5
10
15
6
25
1
5
191
30
32
23

11,806
10,833
1,131
1,908

1,219
1,13.0
.155
,260
445
165
.680
25
125
5,350
765
840

12,733
X33©8

1,286
4,708
89
1,023
26,249
5,189
9,542
5,020

17, 081
lfc867
1,490
2,816
4, 297
2,197
7,772
514
1,330
43,268
8,495
15, 301
7,885

426

82,480

129,313

11,779

96,6,24

17,428
14,377
27,947
4,205
7,466
47, 361

2,298
2,105
3,990
520
975
4,929
3,170
1, 017

2,7§6
18, 523
40,090
6,565
11,537
J4,866
3.2,862
8,499

47.5

651
11,462

2,004

.2/81.0
1,763
5,739
1,020
30,i506
6,498
12,681
fi246

6,435

33,914
24,511
50,366
7,879
13, 520
86,814
42,162
11,174

699

152, 218

270, 340

18,964

219, 70S

115
60
59
113
48
10
63
11
244

22, 016
14,679
13,458
19, 684
5,392
1,612
12,422
1, 215
38,057

38,866
24,087
21, 522
35,090
9,946
3,630
20,408
2,233
76,313

2,930
• 1,610
1~~~
1,265
295
1,720
285
6,325

31,882
20,161
17,t)39
28,332
7,658
2,966
16,169
1,638
63,479

723

128,535

232,095

19,098

189,315

6,205
5,217
10,774
4,011
962
790
397

11,843
10,942
22,302
7,104
1,341
2,104
847

-845
865
1,487
635
100
75
100

10,075
@,172
18,703
S,584

Total Pacific States..

56,483

4,107

1,919
679
47,075

Total country banks.

930,289

65,012

754,347

Total Middle Western States.
North Dakota.
South DakotaNebraska
Kansas
Montana.
Wyoming
Colorado
New Mexico
Oklahoma-.-,.
Total Western States.

78
144
19
37
187
112
36

Washington.
Oregon
California.._
•Idaho
Utah
Nevada

Arizona

Total United States..




2,434

931,438

mt

EEPORT OF THE COMPTROLLER OF THE CURRENCY

205

TABLE N O . 18,—Classification of national banks, according to capital stock, Jims

80, 1925—Continued
[In thousands of dollars]
CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000
Aggregate

Aggregate Aggregate
resources,
paid-in
capital
including
stock
rediscounts
rediscounts

Num- loans and
ber of discounts,
banks including

Cities, States, and Territories

Aggregate

deposits

OTHER RESERVE CITIES

Dallas-. _Waco
-. - Little Rock—„„__,.
Chicago
„_...,.
St. Louis
_
Topeka
Pueblo .
Ogden
„

„
,..-,,

„„.;.
, - - -—,
..»,,.,.,---

Total, all other reserve cities

1
1
1
1
1
2
1
1

2,349
283
422
526
200
692
1,129
868

4,770
733
615
2,272
710
2,385
2,348
1,411

150
100
100
100
181
200
100
100

4,200
458
498
2,077
494
1, 947
1,995
1,104

9

. ...—
„

„

6,469

15, 244

1,031

12, 773

39
43
38
«9
8
25

21. 357
27,161
23, 696
68, 363
3, 476
11,371

50, 821
56, 512^
49, 510
151,889
7,061
.27, 819

2,670
3,915
3,385
8,677
870
2,245

41,047
41, 642
38,924
122, 240
4, 70S
20, 709

COUNTRY BANKS

Maine..-.-._>.
New Hampshire
,
„„Vermont
._ _ „ „
Massachusetts.-,,,
,„-,.,
.„„,....,...Bhode Island-^.
„- __ _„..
Connecticut
„ . „ - - __„„„„„».,.,....,.,,.„..,-„......Total New England States
isew York
N«w Jersey—
Pennsylvania
Delaware
Maryland.^,

242

155, 424

343, 812

21, 762

2G9, 330

280
154
491
13
48

202, 979
130, 980
362, 529
6 126
37,162

482, 095
291,831
791, 997
13, 271
77, 661

23,005
13, 259
40, 589
1,022
3,692

401,412
246, 481
626,41 f
>
9 603
63,788

986

739, 785

1,656,855

81,567

1,347,690

_
_.
-.*....,- -- -,-

358
43
88
60

67, 530
53, 524
46, 408
26,928
32, 061
27, 403
32, 348
21,408
10. 454
148. 783
20, 928
58, 526
32, 687

97, 645
82, 434
65, 763
38, 571
48,820

.
,.__,..

101
67
54
44
56
37
57
24

53, 534
38,192
17, 262
252, 297
36, 736
94, 728
49, 639

7, 860
4,986
4.860
3,645
5,170
2,839
4,990
2,300
1,600
26, 937
3,140
7,331
4, 399

71 055
63, 302
47, 358
27, 7Oi
32, 595
58, 445
37,231
,31, 011
12,854
185. 560
28, 572
71, 577
37. 414

1,008

578, 988

941, 873

80,057

705,278

195
130
282
81
82
108
203
63

116,843
76, 729
176, 379
61, 414
57,126
64, 992
116, 663
29, 530

225,122
136, 65S
328, 764
127, 268
108, 589
126, 370
188, 764
52,042

16, 482
10,918
21,123
6,951
6,505
7,165
13, 650
4,525

170.140
104,442
262, 273
106,840
90, 438
108, 786
150^ 193
39,046

1,144

699,676

1, 293, 577

87,319

1,032,1.58

42
50
97
124
26
19
60
18
123

22,993
29,438
47,696
58, 530
12,965
14, 852
30,650
9,653
56, 266

46, 273
55, 667
80,380
107,854
24,386
27,511
62, 479
16, 552
120,225

2,810
3,245
6,075
8,400
2,070
1,580
4,345
1,200
8,480

39, 728
47,399
63, 728
87,188
20,094
22,911
51,153
13,641
102, 984

559

283, 043

541, 327

38,205

448,824

_

_
. . .__

_

_

Total Eastern States
Virginia^. _ ,
West Virginia
North CarolinaSouth Carolina
Georgia

- _

_.

„„,,

Florida
Alabama
MississiORi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

__

„

__
„
_
,.

..

_

„„»..«.«

Total Southern States
Ohio
Indiana
Illinois
,
MiciiiEran
Wisconsin
Minnesota
Iowa, __ _

. __

Missouri

,.

,

,

_ .
„
_,„,.

.

,„,..,._

,.„,.„..,.„,

Total Middle Western States
North Dakota __
South Dakota
Nebraska ._
Kansas
„.,..,,
Montana. _„„..,
Wyoming. .,_„
Colorado

New Mexico,—
Oklahoma......

„_„

„__
_-

..
.-,,,.

_,
,-..-„

Total*Western States




__

-,
_-„«__ _-

-„—.-

m, 252

206

REPOET OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 18.—Classification of national banks, according to capital stocky June
SO, 1925—Continued
[In thousands of dollars]
CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000— Continued
Aggregate
Num- loans and
ber of discounts,
banks including
rediscounts

Cities, States, and Territories

Aggregate Aggregate
resources,
paid-in
capital
including
stock
rediscounts

Aggregate
deposits

COUNTKT BANKS—continued

Washington _.
Oregon
California
Idaho
"Utah .
Nevada
Arizona
_ ._
Total Pacific States

..

Alaska
_
_
Hawaii. .
Total nohmernber banks
Total country banks
Total United States

_
_
_

30, 539
28, 518
85,148
17, 539
5,260
4,429
8,845

64, 233
55,767
159, 723
29,913
8,219
7,089
16,841

4,370
4,005
11,898
2,155
700
410
1,000

54,532
45, Ihl
129,804
23,810
6,368
5,882
13,913

324

_

59
54
154
30
10
5
12

180, 278

341,785

24,538

280,060

1,291
644

3,603
2,139

200
100

3,196
1,916

4
1
5

1,935

5,742

4,268

2,639,129

5,124, 771

333,748

4,088,461

4,277

2,645, 598

5,140,015

334,779

4,101,234

300

5,112

CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000
CENTRAL RESERVE CITIES

New York
Chicago

~

9,187
5,706

_-v

Total central reserve cities
OTHER RESERVE CITIES

Bostdn
-.Brooklyn and Bronx
Buffalo..
Philadelphia
Pittsburgh
.
Baltimore
._..
Washington
Richmond
Birmingham! SI Paso.
_
Fort Worth.,
Galveston--.'..
Houston
_
San Antonio—
Waco
_Little Rock
.
Nashville
...
Cincinnati.
Columbus
__
__.
Indianapolis
Chicago
Peoria
.
Grand Rapids
_..
Milwaukee
Minneapolis
__
St. Paul
Dubuque
_
Sioux City
_
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha.
_
Kansas City, Kans
Topeka
Wichita
_
Helena
Denver.._
__
Pueblo
Muskogee



13

17, 248
13,633

1,450
1,300

14,376
11,090

14,893

30,881

2, 750

25,466

2,793
7,754
1,654
62, 301
3,241
6,666
13,196
1,496
2,001
6,335
5.864

3,822
20, 582
3,499
188, 611
7,465
10,474
23, 230
2,212
4, 254
11, 450
9,596
17,136
5,736
7, 645
10, 495
8,966
9, 238
13,375
14, 271
5,042
67,956
6,808
5,727
1, 553
6r483
17,242
5,175
21, 414
14, 731
23, 245
12,948
13, 401

200
700
400
3,655
500
800
1,327
300
250
500
600
800
750
650
850
600
900
600
600
400
3,300
300
300
400
650
700
2Q0
1,050
700
600
950
700
400
200
200
400
450
850
500
450

3,137
18,395
2,633
87,136
5,908
8,401
18,850
1,813
3,558
10,675
7,825
15,082
4,551
6,195
8,348
7,8167,323
10,998
ll,078i
> 4,294
60,797
5,583
4,710
994
4,979
16, 035
4,480
18,937
13,421
21*339
11,131
11,717
7,826
2,632
3,771
2,955
6,733
8,022
13,810
6,437

10; 831
3,484
4,157
6,412
6,263
6,999
4,274
8,833
3,169
25,378
3,454
1,101
681
2,991
8,867
1,877
11,007
7,438
14,126
3,182
7,596
3,565
1,761
1,726
1,680
3,530
6,031
4,445
4,670

8,560
3,317
4,214
3,425
7,773
9,599

15, 792
7,985

REPORT OF THE COMPTROLLER OF THE CURRENCY

207

TABLE N O . 18.—Classification of national banks, according to capital stock, June
SO, 1925—Continued
[In thousands of dollars]
CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000—Continued

Cities, States, and Territories

Aggregate
Num- loans and resources, Aggregate
paid-in
ber of discounts, including
banks including rediscounts capital
stock
rediscounts

Aggregate
deposits

OTHER RESERVE CITIES—continued

Oklahoma City
Tulsa
Seattle.__
Spokane
Portland
Los Angeles
Ogden..
Salt Lake City

4,797
4,032
7,405
158
2,879
716
1,690
4,392

„___

Total other reserve cities.

128

Total all reserve cities

141

11,992
8,875
16, 521
2,572
7,213
1,141
2,595

750
450
800
200
700
200
250
300

11,060
8,230
14,879
2,104
6,198
900
2,044.
5,974

612,025

32,332

521, 714

823, 791

642,906

35,082

547,180

32, 622
9,077
5,614
97,371
6,305
36, 624

69, 319
16, 793
8,927
174, 553
10,907
71, 350

3,400
1,200
1,100
9,140
850
4,982

57,185
11,816
5,051
144,285
7,549
55,913

81

186, 613

351, 849

20,672

281,799

67
41
102

163, 975
92? 271
225, 211
4,599
11, 049

331, 518
191, 579
464,819
10,071
16,375

16,240
9,850
25, 575
663
902

276,094
159,423
361,772
7,396
13,466

217

497,105

1,014,362

COUNTRY BANKS

Maine
New Hampshire..
Vermont...,
Massachusetts
Rhode Island
Connecticut
Total New England States.
New York
New Jersey
PennsylvaniaDelaware
Maryland
Total Eastern StatesVirginia
West Virginia...
North Carolina.
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
__.
Kentucky
Tennessee
...
Total Southern States.

Total Western States..




55,290
34,703
34,742
39,473
15,602
25,393
35,573
30,540
7,896
97,835
23,504
24,524
16,017

353, 058

574,803

44, 510

441,192

196, 908
84, 964
128,075
95,480
96,633
31,203
53,245
24,926

13,000
5,975
8,150
4,700
6,325
2,175
3,250
1,450

156.17G
68,240
105,413
81,332
81,022
26,379
44,350
21, 536

373,358

711,434

45,025

584,448

8,129
4, 406
12,097
43

5,000
2,800
4,100
3,825
3,100
1,450
4,150
2,460
900
9,850
1,800
2,825
2,250

7,214
2,505
3,134
19, 711
18, 372

173

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

73, 476
44,815
50, 937
49, 315
25, 038
28, 781
47. 336
39', 114
10, 017
122, 383
27, 759
33,376
22,456

108, 630
45,113
61,084
46, 663
53, 753
14, 887
30, 240

179

Ohio
Indiana
Illinois _
Michigan...
Wisconsin..
Minnesota.
Iowa...
Missouri....
Total Middle Western States..

818,151

49, 356
29,518
36,153
31,388
15,999
14,063
27, 810
23,003
6, 338
69,199
14, 812
22, 082
13, 337

14,527
5,943
6,024
36, 546
40,673
11, 895
17,995
8,500
27,708

700
250
700
2,200
2,000
850
800
650
2,050

12, 737
5,457
4,491
30,979
35,629
10,466
16,074
7,220
24,327

il, 657

169,811

10,200

147,380

208

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 18.—Classification of national banks, according to capital stock, June
30, 1925—Continued
[In thousands of dollars]
CAPITAL STOCK OF $200,000 BUT LESS T H A N $500,000—Continued
Aggregate
Num- loans and Aggregate Aggregate
paid-in
ber of discounts, resources,
including
banks including rediscounts capital
stock
rediscounts

Cities, States, and Territories

Aggregate
deposits

COUNTRY BANKS—continued

Washington
Oregon _
California
Idaho
Nevada
Arizona

_
_. _

,

Total Pacific States

„

6
7
30*
4
1
2

10,623
11,406
48, 833
8,862
1,099
5,856

20, 296
18,676
84,406
16, 819
3,607
10,123

84,679

1,450
1,550
7,350
1, 050
200
400

16,788
14,054
67,081
14,198
8,101
9,259

153, 927

12,000

124,482

Total country banks.. -

743

1, 576, 470 . 2,976,186

185, 637

2,397,452

Total United States

884

1,900,261

220,719

2,944, 632

50

3, 619, 092 I

C A P I T A L S T O C K OF $500,000 B U T LESS T H A N $1,000,000
CENTRAL RESERVE CITIES
New York ,__.
Chicago.

_
___•

_

2
1

Total central reserve cities

_--

8,110
5,448

12,824
9,279

1,400'
600

3

13, 558

22,103

2,000

3
1
1
1
7
6
4

13. 745
7,674
12, 008
7,650
35, 622
40,425
22,314
22, 612
29, 053
7, 705
11, 035
4,496
19, 228
5,423
11,333
11, 586
4,583
13,564
5,556
5,192
14, 575
10, 783
12, 322
5,942
2,723
12,896
3,051
15,298
3,943
1,069
8,857
12,008
4,655
6,196
17, 389
3,705
10,613
3,439
12,172
3,118
10,443
1,876
2,490
14, 083

20,894
15,033
18,026
13,167
56,148
72, 505
39,176
40, 207
60,506
12, 582
17, 593
9,035
29,431
9,624
21, 845
18, 386
10,403
26,739
13, 784
13,006
29, 251
15, 752
23, 502
10,294
6,069
26,487
6,123
23,416
7,295
5,962
15, 894
17, 262
9,418
15, 021
35,155
7,332
24,936
5,805
22,271
5,152
16, 671
3,295
5, 649
28, 549

1,750
600
500
550
3,500
3,550
2,800
2,350
1,250

1,600

5,116
13,766
14, 842
7,918
13,303
31,545
6,179
21,958
5,095
19,245
4,263
13, 764
2,580
4,285
24,122

9,3S5
7,87S
17, 213

OTHER EESERVE CITIES

Boston
Albany
- Brooklyn and Bronx
y~
Buffalo
-

-

Philadelphia
Pittsburgh

Baltimore
,___
.
Washington
„
_
Jacksonville..,
Atlanta
Dallas,
Fort Worth
Houston
San Antonio
Louisville-__
Memphis
,
Cincinnati
Columbus-._
. ,
Toledo
Chicago.
Peoria
Grand Bapids
Milwaukee...
Minneapolis
Des Moines
___.,_
Dubuque
_
Kansas City, Mo St. Joseph
St. Louis
Omaha.
,
Kansas City» Kans Topeka
»
Denve r
Muskogee
Oklahoma City
Tulsa
Seattle
_ ...
Spokane _ ._„„,
Los Angeles
Oakland

4
2
1
3
1
3
2
2
2
1
3
1

1
3
1
2
1

1
2
1
3
1
1

rm

-

- .,,.

-

„

,.
, --

__
.--

Salt Lake City

2
2
1

2
2
1
3
1
2
1
3
1
1
3

750

1,750

750

1,800
1,100
1,000
1,100
500

1,600
500
800

1,800
800

1,000
500
500

1,000
500

1,500
500
500

1,025
1,400
600

1,000
1,050
500

1,850
500

1,000
500

1,750

500
500

16,836
12,858
15,081
11,355
43,451
57,409
30,745
32, 656
§6,512
10,7 IS
15,330
8,060
25,158
7,045
18,497
15,6S9
. ;7,79i)
21,973
10,539
11, 227
22, 221
12, 888
18,6-37
9^254
4,104
23,423
5,313
20,175
Mil

Total all other reserve cities

90

484, 450

884, 651

50,875

739,163

Total all reserve cities

93

498,008

906,754

52,875

756,376




REPORT OF THE COMPTB0LL.ER OF THE CUBBENCY

209

TABLE N O . 18.—Classification of national hanks, according to capital stock, June

30, 1925—Continued
[In thousands of dollars]
CAPITAL STOCK OF $500,000, BUT LESS THAN $1,000,000— Continued
Aggregate
Num- loans and
ber of discounts,
banks including
rediscounts

Cities, States, and Territories

Aggregate Aggregate
paid-in
resources,
capital
including
stock
rediscounts

Aggregate
deposits

COUNTRY BANKS

Maine . ,
„„
Vermont
Massachusetts
._
._
Rhode Island
_
_
Connecticut
Total, New England States
New York
NewJersey
Pennsylvania
Total, Eastern States..Virginia
.
West Virginia
North Carolina
South Carolina,
Georgia _„
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
.
Tennessee.,

.

Total, Southern States—
Ohio
Indiana
Illinois
Michigan

:
..„

__

>____._

_

Wisconsin
Minnesota
Missouri
...
Total, Middle Western States
Washington
California
.. _
Nevada
.
Total, Pacific States

.
-__

Hawaii (nonmember bank)_._
Total, country banks,
Total, United States

- —

211, 571

13,750

168,702

40,408
75, 090
86, 250

61,319
155, 095
166,469

4,500
7,000
10,000

48,398
131,833
128,750

201, 748

382,883

21, 500

308,981

7
5
7
3
2
4
1
1
1
5
3
3
3

25, 703
21,517
35,227
8,957
10, 994
33,602
3,906
1,816
2,647
13, 822
9,391
12,149
17,438

40, 063
34,800
53,709
17,819
15,885
72, 592
6.475
2,982
4,978
26,874
16, 333
18, 533
25,474

197,169

336, 517

24,650

257,890

5
9
7
3
7
2
1

21,102
32, 856
32,156
11, 892
30, 321
6, 938
3,245

37,941
65,889
54.845
23, 581
52,322
12, 373
5,289

2,600
5,300
3,750
1,600
3,800
1,100
500

29,326
52,674
46,870
19,722
43,398
9,969
4,539

138, 510

252, 240

18, 650

206,498

8,323
22, 355
3,177

16, 095
41,889
5,684

1.000
2,250
700

14, 050
34, 534
4,150

33,855

63,668

3,950

52, 734

2,014

6, 290

500

4, 724

151

.

128, 487

8
12
19

1

.

_

25

7

. . .

11,914
2,241
95,258
18,389
40,920

34

.

1,200
500
6,350
2,350
3,350

45

-

15,268
4,079
115,938
27,195
49,091

39

-

9,334
2,712
71, 718
15, 970
28, 753

2
4
1

-

2
1
12
4
6

-

701, 783

1, 253,169

83,000

999, 529

244

1,199, 791

2,159, 923

135,875

1, 755,905

3, 700
2,500
3,950
1,500
1,000
2,400 ••
500
500
600
2,800
1,500
2,100
1,600

27,893
25,107
36.065
13,692
13,091
66,948
5,172
1,530
3,435
20,155
12,485
12,417
19,000

CAPITAL STOCK OF $1,000,000, BUT LESS THAN $5,000,000
CENTRAL RESERVE CITIES

New York.
Chicago

__-_

314,394
138, 620
19

Total central reserve cities

600,978
218,761

24,000
11,350

497,222
190, 298

453,014

819, 739

35,350

687,520

116, 553
47, 872
14,898
32, 703
273, 598
67, 586
68, 749

-.

187, 360
97, 573
22,139
67, 242
510, 097
115, 748
143, 069

8,500
2,750
1,000
2,000
10, 950
6,000
8,500

150,878
87,329
18,651
60,080
419,230
90,316
112,142

OTHER EESERVE CITIES

Boston. _
Albany
-,
Brooklyn and Bronx
Buffalo
Philadelphia--..-™
,
Pittsburgh
___-—
Baltimore
»
——



-—

210

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 18.—Classification of national banks} according to capital stock, June
SO, 1925—Continued
[In thousands of dollars]
CAPITAL STOCK OF $1,000,000, BUT LESS THAN $5,000,000-Continued

Cities, States, and Territories

Aggregate
Num- loans and
ber of discounts,
banks including
rediscounts

Aggregate Aggregate
paid-in
resources,
capital
including
stock
rediscounts

deposits

OTHER RESERVE ciTiEa—continued

Washington
Richmond-Atlanta.Jacksonville-_
Birmingham. _
New Orleans-_
_
DallasEl Paso__
Fort Worth——
Galveston.Houston
_
San Antonio-:_
_
Waco—
Louisville-NashvilleCincinnati
Cleveland
«
Columbus
Indianapolis
Detroit
„
_
Grand Rapids
Milwaukee-_
--l^iimeapolis---^-.
St. Paul.
„--Des Moines
Sioux City
_
Kansas City, Mo
.__
St. Louis.4
Omaha
•
Wichita
Denver.-Oklahoma City
Tulsa__
_
Seattle
Spokane—
PortlandLos Angeles
Oakland
San Francisco
Total all other reserve cities-

126

2,161, 481

3, 964, 949

199,650

3,342,916

145

2,614,495

4,784,688

235,000

4,030,436

52,901
16,882
72,743

82,638
34,138
123,124

4,500
2,250
9,350

65,965
26,473
93,837

142,526

239,900

16,100

186,275

47,250
91,318
23,119

Total all reserve cities

24,471
25, 018
24,489
65,918
8,304
27,614
7,388
53,360
18,862
6,921
51,859
33,348
47,304
63,235
28,487
44,653
63,804
7,738
18,282
64,979
48,036
20,542
7,921
58,454
39,197
49, 538
14, 271
48,911
19,734
41,180
40,817
23,919
42,226
173,144
15,831
48, 707

83,242
97,604
94,015
46, 655
39, 214
42, 649
116,441
14,506
54,400
12,927
97,427
34,686
10,187
85,664
53,361
81. 587
115, 051
51,345
85, 573
111, 519
14,885
27,075
110,640
105, 893
36,819
12,505
113,866
66,545
97, 010
35, 510
112, 767
38,220
72,978
96,461
35,385
100, 543
296,693
26,479
93,394

85, 704
168, 620
65,346

5,450
9,550
4,000

141,305
51,102

161,687

319,670

19,000

262,340

46,838
13,249
10,887
11,661
11,452
3,914
29,049
13, 814
4,411
29, 776

68,565
18,750
15,813
20, 992
19, 233
8,495
42,664
25, 715
6,780
45,427

6,200
2,000
1,000
2,000
1,000
1,000
3,000
2,000
1,000
3,500

47,929
12,384
10,816
15,925
17,245
6,933
35,755
21,230
4,429
36,042

175, 051

272,434

22,700

41,863
66,258

5,750
6,000
5,200
1,400
1,500
2,800
10,000
1,000
3,000
1,000
5,500
3,000
1,000
3,500
3,000
6,000
4,800
2,800
6,250
4,000
1,000
2,000
5,000
5,000
2,200
1,000
5,000
4,700
4,350
2,000
3,500
2,000
4,000
4,200
2,200
6,300
15,000
1,000
6,000

68,378
77,670
80,200
43,594
32, 550
33,856
96,624
11,355
46,823
10,796
84,164
29,017
7,858
71,169
41,418
62,823
92,738
39,449
68,398
93,695
12,235
22,230
100,509
92,901
32,975
11,006
102,829
53,017
87,585
31,898
104,110
35,575
66,881
84,833
29,327
90,158
259,701
22,281
71,664

COUNTRY BANKS

Massachusetts
Rhode Island..
Connecticut.

_-.
14

Total New England States
New York
New Jersey
Pennsylvania

_
15

-

Total Eastern States
Virginia
West Virginia
_
North Carolina
South Carolina_
Florida
Alabama.-_
_
Louisiana
Texas
Kentucky
Tennessee
Total Southern States..



-.

BEPOET OF THE COMPTROLLER OF THE CTJBBENCY

211

TABLE N O . 18.—Classification of national banks, according to capital stock, June

30, 1925— Continued
[In thousands of dollars]
CAPITAL STOCK OF $1,000,000 B U T LESS T H A N $5,000,000— Continued
Aggregate
Num- loans and
ber of discounts,
banks including
rediscounts

Cities, States, and Territories

Aggregate Aggregate
paid-in
resources,
capital
including
stock
rediscounts

Aggregate
deposits

COUNTRY BANKS—continued

Ohio
Indiana
Michigan
Minnesota

---

Washington
California

23,751
8,920
7,117
27,243

39,119
16,185
15,335
51,744

4,500
1,000
1,250
5,000

28,840
13,337
11,787
41,175

67, 031

122,383

11, 750

05,139

1
2

-

Total Middle Western States

3
1
1
3
8

. -.

.'

9,915
17, 733

19,514
32, 561

1,000
2,000

17,314
28,477

Total Pacific States

3

27,648

52, 075

3,000

45,791

Total country banks

61

573,943

1,006, 462

72,550

798,233

Total United States

206

3,188, 438

5, 791,150

307,550

4,828,669

C A P I T A L STOCK OF $5,000,000 OR M O R E
CENTRAL BESERVE CITIES

New York
Chicago--

.
--..

$1,752,614
460,843
12

Total central reserve cities

$3, 962,574
777, 283

$153, 500
37,500

$3,235,930
673,193

2,213,457

4, 739,857

191,000

8,909,123

619, 779
154,209
328,469
53, 808
135,403
107, 518
102, 655
240,198
227,349

35,000
5,000
18,500
6,000
5,000
6,000
5,500
20,000
13,500

486.745
129,692
274,063
41,745
115,034
91,714
89,207
201,987
185,672

OTHER RESERVE CITIES

Boston
.
Philadelphia...^..
Pittsburgh
Cincinnati
.Detroit
..._.-.
Milwaukee
_
Minneapolis...._
St. Louis
San Francisco
Total all other reserve cities
Total all reserve cities and United States -

3*60,604
88,406
88, 522
24,662
75,867
70,320
52, 690
142,832
129,149
1,033, 052

1,969,388

114, 500

1,615,759

3,246,509

6, 709,245

305, 500

5,524,882

$2,084,305
610,617

27

$4, 593,624
1,018, 956

$180,350
50, 750

$3, 756,863
882,459

2,694,922

5,612,580

231,100

4,639,322

45,450
3,350
2.200
2,950
29,105
28,550
12,100
9,427
6,300
5,950
2,650
1,750
2,800
11,900
1,500

657,596
100,187
52,127
74,069
679,409
427,696
151,288
119,884
79,483
90,918
100,106
36,108
33,856
116,154
22,030

GRAND TOTAL
CENTRAL RESERVE CITIES

New York..
Chicago....
Total central reserve cities. _

47

OTHER RESERVE CITIES

Boston
Albany....
Brooklyn and Bronx..
Buffalo
Philadelphia
Pittsburgh.....
Baltimore
Washington
Richmond
Atlanta
Jacksonville
Birmingham
New Orleans,
Dallas....
El Paso....




493, 695
55, 546
34,660
42,007
459,927
199. 774
97; 729
77,671
67, 754
61,644
53,524
27, 019
24,489
79, 302
14, 639

831,855
112, 606
60, 747
83,908
829,065
524,187
192, 719
146, 679
99, 816
106, 597
107,161
43,468
42,649
138,804
25,956

212

REPORT OF THE COMPTROLLER OF THE

TABLE N O . 18,—Classification of national banks, according to capital slock, June
80, 1926—Continued
[In thousands of dollars]
GRAND TOTAL—Continued

Cities, States, and Territories

Aggregate
Num- loans and
ber of discounts,
banks including
rediscounts

Aggregate Aggregate
resources,
paid-in
including
capital
rediscounts •stock

Aggregate
deposits

OTHER RESERVE CITIES—continued

Fort Woith....,
Qalveston..
Houston
,
San Antonio.. „
,.
Waco
Little Rock...
_„_
,.
Louisville
,
Memphis.
,
.-...-_
.
Nashville
-__
Cincinnati
,._.
Cleveland..
Columbus
Toledo—.—.-..„
,.
Indianapolis
„,.„„,
_..._..,
.-Chicago'
*..
+
Peoria.
I
...
Detroit
Grand Rapids
,
„
Milwaukee
Minneapolis
„.
St. Paul
Cedar Rapids
Des Moines.
„
IMtmque
....
Sioux City.,_T
„_
.
,
Kansas City, Mo.
St. Joseph---,.
.—,
St. Louis--.
Lincoln.>
Omaha
I
Kansas City, Kans-—
--—
Topeka
-....
_Wicfcita.Helena
Denver
Pueblo...
,
-.-.
Muskogee
.-.
,
Oklahoma City..,.
,„
Tulsa
,.
,-..,
Seattle
r
Spokane^
,
,
Portland
,.--..
Los Angeles
.
Oakland
San Francisco
_
Ogden
..
Salt Lake City

37,974
18,219
76,072
28,442
12, 616
6,685
63,192
11, 586
40,347
80,823
63, 235
50,884
5, 556
47, 822
31, 392
18,029
139,671
19,622
101,605
126,602
56,903
12, 896
23,265
4,928
18,928
81,190
18,069
186,480
16,453
65, 111
6,416
8, 614
15,951
3,530
72,331
5,574
8,375
35,144
48,651
60,394
27,195
45,105
184,303
17,707
177,856
5,048
18,475

73,031
30,063
132, 594
51, 955
21,415
9,581
107, 509
18,386
62, 599
159,173
115,051
92,355
13, 784
90, 615
84,383
36, 059
246,922
36,364
153,648
230,072
123,135

157,521
18,140
15,317
75,148
87, 658
135,253
43,109
107, 756
314,505
29, 774
320,743
9,655
35, 218

4,350
1,800
8,050
4,750
1,950
700
4,500
1,100
3,900
13,100
4,800
5,000
500
6,650
4,225
2/100
9,000
2,100
9,400
11,650
5,700
1,000
2,700
700
2,050
7,200
1,160
26,331
1,725
6,150
'800
1,400
2,400
450
5,400
600
950
4,600
4,950
6,000
2, §00
7.000
16,960
1,500
19,500
850
1,900

42, 888
11,298
33,919
152,013
30,540
326,363
29,295
122,832
12,735
21,620
38,935
7,773

62,708
25,^78
113,873
42, 257
16,664
8, 314
89, 666
•16,. 05®
4S, 741
123,358
92, 738
72, 500
10, 539
72, 692
75, 026
27.804
208,72-9
29,833
133,625
203,9.19
108,936
23,423
37,070

%m
29,943
136, 425
27, 550
271,745
25, 483
110, 253
10,550
19,026
34,853
6, 733
143,677
15,805
12,616
£8,593
80,206
118,957
35, 694
96, 350
274, 365
24,861
257,336
7,434
30,096
6, 233, 254)

Total all other reserve cities...

369

3, 994, 646

7,447,406

393,413

Total all reserve cities

416

6,689, 568 13, 059,986

629,513

10,872,572
112,019
54,881
47, 307
428,512
57,1,59

COUNTRY BANKS

Maine-,-,—New Hampshire.,
Vermont __
Massachusetts—.
Rhode Island..—.
ConnecticutTotal New England States.
New York
New Jersey
Pennsylvania..
Delaware
Maryland
Total Eastern States..




58
54
46
144
17
62

64,473
37,120
32,715
290, 756
41, 633
149. 903

137,676
75,188
63,887
526,082
79, 301
272,601

7,370
5,240
5,069
28, 767
6,320
20,002

381

616,600

1,154, 735

72,759

JM&286

265
821
18
74

486, 768
406, 680
739, 368
11,085
54,459

1,041, 211
841, 529
1, 593, 711
24,145
107,429

52.490
40', 973
85, 484
1,735
5,179

3, 603, 025

185, 861

•863,799
708,998
1,25.2,828
I7,d50
88,416
2,931,691

1,666

2X2, m

REPORT OF THE COMPTROLLER OF THE CUKRENCT

213

TABLE NO. 18.—Classification of national banks, according to capital stock, June
30r 19%5—Continued
[In thousands of dollars]
GRAND TOTAL—Continued

Number of
banks

Aggregate
loans and
discounts,
including
rediscounts

175
124
83
75
86
54
100
36
32
598
83
135
98

201,233
128,641
129,806
80,842
62,050
87,806
72,686
46, 316
49. 511
272,567
50.320
100, 710
98,258

296,830
197,666
187,712
129, 513
94,040
189,055
123, 612
80,802
76, 251
470, 537
89. 323
168, 718
150,881

23,979
13,416
14,065
11,230
9,715
7,854
11, 320
5, 285
6,225
46,937
7, 205
14, 096
12, 369

214,900
148,864
130, 748
98, 798
64,098
169, 794
90, 648
64,170
60,960
355,386
71,059
125, 528
114,719

-~. 1,679

1,386, 746

2, 254,940

183, 696

1, 709, 672

338
242
465
120
150
309
328
106

287, 754
177, 995
297, 568
131, 291
148, 666
161,421
173,902
52,198

533,004
328,207
562, 050
269, 543
271,064
308, 504
284,171
93, 431

38, 880
25, 298:
36, 973
15, 021
17,605
20,369
20,070
7,492

411,248
257,210
454,646
226,246
226,395
261,175
227,405
73,6$)

2,058

1, 430, 793

2, 649, 974

181, 708

2,137,951

160
111
159
247
83
32
126
31
376

52, 223
46, 622
64, 288
97, 925
36, 72S
22, 553
51,201
15, 274
106,420

99,666
85,697
107, 926
179,490
75,005
43,036
100,882
27,285
224,246

6,440
5.105
8,455
13, 588
5, 335
2,725
6,865
2,135
16,855'

84,345
73,017
85, 249
146. 499
63, 381
36, 343
83,396
22,499
190, 790

1, 325

493, 235

943,233

67,503

* 785, 519

100
93
249
57
14
10
18

65, 605
45.141
182, 843
30,412
6,222
% 495
15,098

131,981
85,385
340, 881
53,836
9,560
18, 484
27,811

8,665
6,420
24,985
3,840
800
1,385
1,500

112, 757
68,977
278,599
43, 572
7,331
15,055
23,851

541

354,816

667,938

47, 595

550,142

4
2

1,291
2,658

3,603
8,429

200
600

3,196
6,640

Cities, States, and Territories

Aggregate Aggregate
resources,
paid-in
including
capital
rediscounts
stock

Aggregate
deposits

COUNTRY BANKS—continued
Virginia.,,..
„.,-..,
West Virginia.
North Carolina
South Carolina
Georgia
Florida
Alabama _
Mississippi
Louisiana
Texas
Arkansas
Kentucky
„
Tennessee.

-.—,.,

_
—„-»

,.

Total Southern States
Ohio.._
Indiana
Illinois.
Michigan
Wisconsin
Minnesota
Iowa
Missouri

r

.
,.
„„,_,.
„_
*mmm

,.„.„.
...
_

„

„.,

Total Middle Western States
North Dakota
South Dakota Nebraska
Kansas

Montana

Wyoming
Colorado
New Mexico
Oklahoma

„

„

„_
'

.

.

.

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

_

,..

Total Pacific States
Alaska (HonmeTBfoer banks)
Hawaii (nonmember banks)

_

6

3,949

12,032

800

9,836

Total country banks

7,656

5, 984, 499

11, 290, 877

739,922

9, 037,097

Total United States

8,072

12, 674, 067

24, 350, 863

1,369, 435

19, 909, 669

Total nonmember banks




_

214

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 19.—United States bonds on deposit to secure circulating notes of
national banks in years ended October §1, from 1900 to 1925
United States bonds held as security for circulation
NumYear ber of
banks 2 per cent consols
of 1930

1900- 3,871

1901-

4,221

1902-

4, 601

1903.. 5,147
1904,. 5,495
1905-, 5,858
W0£-

6,225

1907.

6,620

1908

6,873

1909.

7,025

1910.
1911J9121913.
1914.
1915.
1916.
1917_
19181919.
1920.
1921_
19221923.
1924.
1925.

7,218
7,331
7,428
7; 514
7,578
7,632
7,608
7,671
7,765
7,900
8,157
8,179
8,262
8,264
8,098
8,118

4 per cent bonds

3 per cent bonds

6 per cent bonds

Total

I
$1,019,950 (Consols of 1907,
of 1904, 5
of
$13, 544,100 I Loan cent,1898, 3 Loan cent,
Consols of 1930,
per
per
$301,123,580
:
270,006,600 Loan of 1895,
$7, 756,580
$1,293,000
7,503,350
Consols of 1907,
f
12,500
6,032,000
Consols of 1930,
268,900 329,833,930
[
316,625, 650 Loan of 1895,
2,911,100
Consols of 1907,
8, 248,450
6,056,720
1,100,900 338,352,670
320,738, 000 Loan of 1895,
I
2, 208,600
(Consols of 1907,
1,797,580
718,650 382,726,830
376,003,300 Loans of 2, 979,200
1895,
1,410,100
(Consols of i907,
5,857,500
1,922,940
416,972,750 1 Loan of 1895,
426,544,790
1
1, 791,600
(Consols of 1907,
4,050,350
2,215,540
483,181,900 II Loan of 1895,
493,912,790
I.
4,465,000
(Consols of 1907,
[2 per cent PanI
ama Canal,
492,170,650 1 Loan of 25,124,650
3,273,700
539,653,180
1895,
[
14,482,080
I
4,602,100
1895,
532,543, 550 /Loan of 10,732,900
17,245,380 567,011,910
6,490,080
\
38,558,680
13,936, 500
10,468, 520 Certificates of in- 632,624,850
554,700,700
14,960,450
debtedness 3
per cent..
per cent 1936
[4 per cent loan of 3 per cent 1908- 2 and 1938, Pan573,328,450
1918,
679,545,740
1925,
ama Canal,
14,575,560
[
15,463,050
76,178,680
580,145,400
15,337, 540
21,022, 650
78,420,480 694,926,070
18,199, 380
593, 006, 600
22,854,300
80,110,040 714,170,320
20,419, 220
601,762,600
26,817, 000
81,258,460 730,257,280
22, 245,100
604,264, 950
35,302, 700
81, 701, 240 743, 513,990
21,447,180
606, 622,300
34,699,300
81,971, 820 744,740,600
20,377, 720
600, 678, 600
32,304, 800
81, 614,420 734,975,540
15,984,680
567, 690, 250
26,214, 400
78.068, 660 687,957, 990
17,715, 220
555, 514, 950
34, 743, 900
71,466,140 679,440,210
32,240
561,848,600
50, 240, 800
72,324,800 684,446,440
565,094, 950
58,055, 050
72,672,060
570,372,500
68, 578,000
73,116,000 712,066,500
676, 522, 950
77,257,400
73,732,140 727, 512,490
581,493,950
82, 509, 900
73,656,840 737,660,690
586,801,800
85,823,150
73,937,380 746,562,330
589,086, 200
76,687,050
74.069, 640 739,842,890
591,792,150
74,392,980 666,185,130




TABLE NO. 20.—Profit on national-bank circulation, based upon a deposit of $100,000 United Stales consols of 1930 and Panama Canal
bonds, at the average net price, monthly, during the year ended October 31, 1925
CONSOLS OF 1930

1

Receipts

Date

November
December
Januan^
February
March
April
May___June
July
August
.
September
October

Cost of
bonds

1924
$103,989
103,308

1925

103,070
103, 367
103,301
103, 028
103,053
103, 202
103, 207
102, 981
102, 840
102, 659

Circulation obtainable

Interest
on circulation
Gross
Interest
less 5
on bonds per cent receipts
redemption fund

$100,000
100,000

$2,000
2,000

$5,700
5,700

100,000
100,000
100,000
100,000
100,000
100,000
100, 000
100,000
100,000
100,000

2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000

5,700
5,700
5,700
5,700
5,700
5,700
5,700
5,700
5,700
5,700

Profit on circulation in
excess of 6 per cent on
the investment

Deductions

$7,700
7,700

7,700
7, 700
7,700
7,700
7,700
7,700
7,700
7,700
7,700
7,700

Net
receipts
Tax

Expenses Sinking
fund

$500
500

$62. 50
62.50

500
500
500
500
500
500
500
500
500
500

62.50
62.50
62.50
62. 50
62.50
62.50
62.50
62.50
62.50
62.50

$634. 40
535. 77

506.50
566. 01
565. 56
528. 88
543. 78
581. 75
594. 51
564. 03
548. 64
524. 63

Total

$1,196. 90
1,098. 27

$6,503.10
6, 601. 73

1,069. 00
1,128. 51
1,128. 06
1,091. 38
1,106. 28
1,144. 25
1,157. 01
1,126. 53
1, 111. 14
1,087.13

6, 631. 00
6,571. 49
6,571. 94
6,608. 62
6,593. 72
6,555. 75
6,542. 99
6,573.47
6, 588. 86
6,612. 87

Interest on
cost of
bonds at 6
per cent

$6,239. 34
6,198. 48

Amount

Per cent

$263. 76
403.25

0.254
.390

6,184. 20
6,202.02
6,198. 06
6,181. 68
6,183.18
6,192.12
6,192.42
6,178. 86
6,170. 40
6,159. 54

446. 80
369.47
373. 88
426. 94
410. 54
363. 63
350. 57
394. 61
418. 46
453. 33

.433
.357
.362
.414
.398
.352
.340
.383
.407
.442

$6, 208. 38
6,136.44

$722. 83
874. 40

0.699
.855

6,054. 60
6, 060. 66
6,068. 34
6,062. 40
6,072. 60
6,079. 92
6.079. 32
6.080. 46
6, 067. 50
6, 060. 00

1, 027. 66
1,014. 85
998. 62
1,010. 04
988. 43
972. 53
972. 90
971. 40
995. 91
1, 010. 95

1.018
1. 005
. 987
1.000
.977

P A N A M A T W O S , 1916-1936
1924
$103,473
102, 274

November
December

$100,000
100,000

$2,000
2,000

$5,700
5,700

$7,700
7,700

$500
500

$62. 50
62.50

$206.29
126.66

100,910
101,011
101,139
101, 040
101,210
101, 332
101, 322
101, 341
101,125
101, 000

100,000
100,000
100,000
100, 000
100,000
100,000
100,000
100, 000
100, 000
100, 000

2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000

5,700
5,700
5,700
5,700
5,700
5,700
5,700
5,700
5,700
5,700

7,700
7,700
7,700
7,700
7,700
7,700
7,700
7,700
7,700
7,700

500
500
500
500
500
500
500
500
500
500

62.50
62.50
62.50
62.50
62.50
62.50
62.50
62.50
62.50
62.50

55.24
61.99
70.54
65.06
76.47
85.05
85.28
85.64
74.09
66.55

$768. 79
689.16

$6,931.21
7,010.84

1925
January
February
March
April
May
June
July
August
September
October




617. 74
624. 49
633. 04
627. 56
638. 97
647. 55
647. 78
648.14
636. 59
629. 05

7,082. 26
7,075. 51
7,066. 96
7,072.44
7,061. 03
7,052. 45
7,052. 22
7,051. 86
7,063. 41
7,070. 95

.985
1.001

216

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 21.-—Investment value of United States bonds—Panama Canal bondsf
4's of 1925 and 2Js of 1930
Panama Canal bonds,
2's of 1916-1938

Date
Average
price, net

January:.April..
July
October..-

1925
_

100.9099
101.0400
101. 3221
101.0000

_.

Rate of
interest
realized by
investors

4 per cent bonds of 1925 2 per cent bonds of 1930

Average
price, net

Per cent
1.912
1.898
1.868
1. 898

100.0607

Rate of
interest
realized by
investors
Per cent

103. 0697
103, 0275
103. 2067"
102. 6587

8

8

0)

0)

Rate of
interest
realized by
investors

Average
price, net

Per cent
1. 388
1. 368.
1. 297
1.3S4

i Matured Feb. 1,1925.

TABLE No. 22.—United States bonds^—Monthly range of prices in New. York,
November, 19@4, to October, 19£&, inclusive'
Coupon bonds

Registered bonds

Date
4's of 1925
1924
November:
Opening
Highest.,...
Lowest.
fc.._w—.
Closing.,-,.
December:
Opening
....
Highest
Lowest
Closing1925
January:
Opening: _.._._.
Highest.—.
Lowest
Closing
February:
Opening-..
Highest.
Lowest
Closing
March:
Opening;
Highest.....
Lowest
.
Closing—
April:
Opening
Highest.^...
Lowest.._
Closing

Mas-

2's-of 1930

@10©&
©lOQffc
@10sV
@100&

Not quoted':,
do
.do..
.do..

.do.,
.do.,
.do..
do.

103%@104%
103M@104>i

103K@l03^i

.do.,
.do..
..do..
.... . . . . . d o

do.
do
do

(0

103 @104
103^@04

101
101

102
102

..do..
..do.,
-do.,
-do.
-do.,
-do,,
.do..
_do_.

-._

Panama 2's
of 1916-1936

..do-,
.do,.
d
.....do..

I

0)

101 ©101%
101 ©101 %
IOOM©IOIM

-do.,
.do..
..do..
..do..

_.
-.




2's of 1930

Not quoted.
.do
do.

100
100
100
100

Opening
Highest.
_.-Lowest__
Closing.
June:
Opening
__
Highest
_
Lowest
Closing.
July:
Opening.
Highest
Lowest __
Closing.
i Matured Feb. 1,1925.

4's of 1925

103

..do.,
.do..
.do..
..do..

103
103
103
103

..do.,
.do..
..do.,
.do:.

103
103

.do..
_do.
_do_.
-do_.

101 ®ioi34
H@OIK
101
101%
100
0%
101
101
101 @ 1 %
100%@101%.
100^@101%

217

KEPOUT OF THE COMPTROLLER OF THE CXJREENCY
ABLE N O . 22.—United States bonds—Monthly range of prices in New
November, 1924, to October, 1925, inclusive—Continued
Coupon bonds

Registered bonds

Dtte
4's of 1925

August:
Opening
Highest
lowest,
(losing
SepUia'K-r:
Opening
Fli ghost
r-ov,W,
fir-sing
Oc'cior:
spoiling.
KUtt




2's of 1930

4's of 1925

2's of 1930

Not quoted,

.do

-do..
_do_.
.do..
..do..
..do..
..do..
102 @103
102^©102j

York,

_do
.do
.do.

Panama 2's
of 1916-1936

100?4^i!
101 @101^;

101

@IQ1%

ioi @ioiH

TABLE NO. 23.—Number, capital stock, and circulation outstanding of national banks in each State issuing and not issuing circulating notes,
December 81, 1924, and April 6, 1925
[In thousands of dollars]
Dec. 31, 1924

Apr. 6, 1925

00

^
hr

States
Number
of banks

Capital

Circulation
outstanding

Banks not issuing
circulation
Number

of banks

Maine.
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

5,828
4,845
4,345
23,016
4,691
11,971

394

112,094

533
253
868
18
84
13

Total New England States

227,169
38, 980
141,939
1,735
16, 954
9,327

Total Eastern States.

1,769

.

Total Southern States




Capital

Circulation
outstanding

Capital
7,370
5,240
5,060
73,017
6, 320
19, 993

5,578
4,632
4,318
19,143
4 710
9,983

Banks not issuing
circulation
Number
of banks
2

C
W
Q

Capital
250

^
te

14

32,150

5

2,330

58
54
46
156
17
62

54, 696

19

34, 480

393

117,000

48, 364

34

43,386

£E

79, 644
20,740
94,442
1,131
9,432
5,097

43
48
34

32, 475
5,973
16,035

E
fe
hj

400

13

65,066
20,852
81, 221
1,137
9,388
4,491

38,560
6,661
20,295

3,000

242, 030
39, 938
142, 339
1, 735
17,029
9,327

55
58
41

1
2

533
258
866
18
84

1
3

400
3,200

Q
^

436,104

210,486

128

57, 883

1,772

452; 398

182,155

158

69,116

tj

182
124
84
79
93
55
102
36
33
572
87
138
106

29,992
13, 426
13, 595
11, 530
16,190
10,190
13,070
5,185
8,875
74,127
7,930
18, 496
17, 249

21,075
10, 584
9,589
7,227
9,666
5,859
10,305
2,929
4,170
42,118
4,100
16,369
13,183

17
8
7
17
10
8
6
7
7
104
22
2
6

2,083

30, 322
13, 361
14,066
11,175
16,140
10,330
13,070
5, 285
8, 875
77,312
7, 930
18, 571
17, 356

19, 683
10,339
9, 523
6,594
8,496
5,221
9,227
2,892
4,076
40,073
3, 751
15, 799
13,251

20
9
8
18
13
9
8

5,148
560

W
-

2, 140

&

7
7
122
25
6
7

1,440
1,885
1,275.
325

12,840
2,520
300
547

a
S
5
3

75
510

182
123
84
74
91
56
102
36
33
579
87
139
105

1, 691

239, 855

157,174

221

23, 875

1,691

243, 793

148, 925

259

31. 616

58
54
46
157
17
62

New York
New Jersey
Pennsylvania
Delaware..
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
_
Arkansas
Kentucky
Tennessee
_

7,370
5,240
5,060
68,067
6,320
20,037

Number
of banks

535
715

1,905
1,340
1,300

625

1,275
325

11,192
1,995

2

200

22

39,600

2

8

3,336

Jt

736
1,900

O

w

2
S

^

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
,Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana..
Wyoming
Colorado
New Mexico :
Oklahoma
Total Western States
Washington.
-Oregon
California
Idaho
Utah_
Nevada
Arizona
Total Pacific States.-.
Alaska (nonmember banks)
Hawaii (nonmember banks)
Total (nonmember banks)
Total United States..




358
247
499
122
156
330
344
131

62, 285
31, 873
92, 515
25, 360
26,815
38, 443
26, 630
41, 713

45, 841
27, 300
33. 873
13, 978
15, 381
18, 750
18, 596

14
9
35
8
15
30
19
13

1,080
1,545
21,185
2,486
2,545
4,800
1,940
2,255

357
246
501
124
158
327
341
131

62, 280
31, 948
93, 953
25,827
27,040
38, 333
26, 443
41, 796

41,129
25, 318
30, 536
13, 557
14, 354
14,828
17, 664
17,018

16
10
47
13
20
34
28
17

1,305
2,045
23, 500
4, 727
3,225
5,075
2,793
2,554

2,187
165
114
173
257
91
32
140
33
407

345, 634

189,900

143

37,835

2,185

347, 620

174, 404

185

45, 224

6,590
5,230
16,420
17, 633
5,985
2,675
13,065
2,310
27,845

4,468
3,512
8,552
10, 380
2,932
1,831
5,880
1,335
9,590

22
18
13
51
39
5
28
12
151

730
550
3,225
4,515
1,395
160
2,405
775
9,025

161
113
172
256
85
32
13*7
33
401

6,490
5,170
16, 370
17, 658
5,785
2,725
12, 865
2,310
27, 700

4,337
2,939
8,425
9,956
2,475
1,728
5,539
1,329
8,641

23
24
13
54
37
5
31
12
162

755
965
3,225
4,740
1,395
160
2,605
775
10,945

1,412

97, 753

48,480

339

22, 780

1,390

97,073

45, 369

361

25, 565

111
98
263
67
21
11
19

17,190
13, 220
61,031
4,545
3,550
1,460
1,600

9,323
3,751
32, 533
2,679
3.176
1,218
917

34
20
52
20
1
1
5

2,545
1,280
7,044
1,000
100
25
325

111
99
263
57
21
10
18

17,490
13,389
61, 531
3,915
3,550
1,385
1,500

9,392
3,399
30, 205
2,330
2,669
1,180
567

35
24
62
17
2
1
6

2,545
3,580
9,269
770
600
25
625

590

102, 596

53, 597

133

12, 319

579

102, 760

49, 742

147

17, 414

4
2

200
600

61
450

2
1

100
100

4
2

200
600

51
437

2
1

100
100

16,181

6

800

511

3

200

6

800

488

3

1,334,836

724,844

986

189,372

8,016

1,361. 444

649,447

1,147

o
o

200

8,049

W

232,521

3
o

CO

220

REPORT OP THE COMPTROLLER OP THE CURRENCY

TABLE NO. 24.—Number, capital stock, and circulation outstanding of national
banks in each Federal reserve district issuing and not issuing circulating notes
December 31, 1924, ^nd April 6, 1925
[In thousands of dollars]
Dec. 31, 1924
Federal reserve districts

Number of
banks

District No. 1:
Banks not issuing circulation
B anks issuing circulation..,
Total—

Circulating notes Number of
outstand- banks
ing

Capital

Circulating notes
outstanding

45,674
230,130

81, 746

711

260,083

96,453

714

275, 804

81,746

16,234
82; 324

57,914

53
614

17,092
81, 714

55, 263

98, 558

57,914

667

98, 806

55,263

1, 405
126,160

98, 881

25
726

5,280
122, 605

83, 898

127, 565

98, 881

751

127,885

83,898

8,638
84, 516

61, 374

59 '•
490

11,944
81, 666

58, 384

555

93,154 |

61,374

549

93, 610

58, 384

4,750
58,410 ;

42,610

46
335

6, 987
56, 495

39, 720

382

63,160

42, 610

381

63, 482

39, 720

28, 395
150, 908

90, 285

33, 910
147, 361

83, 597

179,303

90,285

91
965
1, 056

181, 271

83, 597

45
447

3,880
66, 043

42,492

58
434

5,454
64,552

39, 566

69,923

42,492

492

70,006

39,566

118
667

7,825
55,618

32,744

131
641

9,040
53,983

29, 735

785

63,443

32,744

772

63,023

29, 735

244
789
1,033

—

20, 805
66,123

40,534

261
762

23,205
63,483

38,053

86,928

40,534

1, 023

86, 688

38,053

128
517

12, 592
68,645

45, 279

146
503

14,185
70,032

43,088

645

-

District No. 7:
Banks not issuing circulation...
Banks issuing circulation.__.
Total
District No. 8:
Banks not issuing circulation
Banks issuing circulation

_.
_

Total
District No. 9:
Banks not issuing circulation
Banks issuing circulation
_—

District No. 10:
Banks not issuing circulation. __—
Banks issuing circulation...
_
._

,--.

Total




96
618

492

-

District No. 6:
Banks not issuing circulation..
Banks issuing circulation.

Total

96, 453

66
989
1,055

...

—

District No. 12:
Banks not issuing circulation
Banks issuing circulation

39,099
220, 984

39
343

District No. 5:
Banks not issuing circulation
Banks issuing circulation.,

District No. 11:
Banks not issuing circulation
B anks issuing circulation.

46,342

52
503

Total

Total

113,467

752

District No. 4:
Banks not issuing circulation.^
Banks issuing circulation

Total

382

20
732

v

Total

46,342

52, 444

666

-

District No. 3:
Banks not issuing circulation.-.
B anks issuing circulation

-..-

42, 236
71, 231

44
622

w

Total

32
350

78
633

-

Total

52,444

383

33,330
75, 231
108, 561

81, 237

45 r 279

649

84,217

43,088

132
452

12, 219
89, 902:

53,323

146
428-

17,314
85, 071

49, 567

102, 121

53,323

574

102,385

49, 567

17'
366

District No. 2:
Banks not issuing circulation
Banks issuing circulation

Total

Capital

Apr. 6, 1925

...

584 :

221

REPORT OP THE COMPTROLLER OP THE CURRENCY

TABLE NO. 24.—Number, capital stock, and circulation outstanding of national
banks in each Federal reserve district issuing and not issuing circulating notes
December 31, 1924, and April 6, 1925—Continued
[In thousands of dollars]
Dec. 31, 1924
Federal reserve districts

Nonmember national banks (Alaska and
Hawaii):
Banks not issuing circulation
Banks issuing circulation
__
Total
Total United States, all national banks:
B anks not issuing circulation
Banks issuing circulation
Total




Number of
banks

Capital

Apr. 6, 1925

Circulating notes Number of
outstand- banks
ing

Capital

Circulating notes
outstanding

3
3

200
600

511

3
3

200
600

488

e

800

511

6

800

488

7,063

189,372
1,145,464

1,147
714, 844 6,869

232, 521
1,128, 923

649,447

8,049

1,334,836

714,844

1, 361,444

649,447

8,016

TABLE NO. 25.—National-bank notes issued redeemed, and outstanding, by denominations and amounts, on October 31, in each year from to
to
1914 to 1925, inclusive
to
[For prior years see annual report 1920]

Year

Ones

$23,169,677
1914.
Issued ._
22,826,918
Redeemed-_
Outstanding
342, 759
Issued _
23,169,677
1915
22,827,374
Redeemed.
Outstanding
342,303
Issued . .
23,169,677
1916
Redeemed
. _ 22,827,540
Outstanding
342,137
Issued -1917
23,169, 677
Redeemed
22,827, 605
Outstanding
342,072
1918
Issued - .
23,169, 677
Redeemed
22,827, 605
Outstanding
342,072
23,169, 677
1919
Issued .
22,827,605
Redeemed
342,072
Outstanding
23,169, 677
1920
Issued
22.827, 771
Redeemed
341,906
Outstanding
23,169,677
1921
Issued
22,827,833
Redeemed
341,814
Outstanding
23,169, 677
1922
Issued
22,827,833
Redeemed
341,844
Outstanding
23,169,677
1923_... Issued
22,827,833
Redeemed
341,844
Outstanding
23,169, 677
1924._._ Issued
22.828, 230
Redeemed
341,447
Outstanding. __ _
1 9 2 5 . . . . Issued
23,169, 677
.
Redeemed
.
22,828,230
Outstanding
341,447

Twos

$15,495,038
15,331,256
163,782
15,495,038
15,331,486
163,552
15,495,038
15,331, 570
163,468
15,495,038
15,331, 646
163,392
15,495,038
15,331, 646
163,392
15,495,038
15,331,646
163,392
15,495,038
15,331, 750
163,288
15,495,038
15,331,848
163,190
15,495,038
15,331,848
163,190
15,495,038
15,331,848
163,190
15,495,038
15,332,144
162,894
15,495,038
15,332,144
162,894

Fives

$1,878,699,460 $2,895,206,210
1,664,207,600 2,418,848,790
214,491,860
476,357,420
1,953,573,660 3,068,708,690
1,827, 511,370 2,732,775,070
335, 933,620
126,062,290
2,031,826,880 3,235, 914,290
1,919,643,440 2,926,062,500
112,183,440
309,851, 790
2,108,123,060 3,385,973,520
1,998, 613,640 3,086,402,180
299, 571,340
109, 509,420
2,180,457,660 3,499,038,440
2,062,530,045 3,208,165,630
117, 927,615
290,872,810
2, 277,156,200 3,652,918,890
2,134,883,895 3,370,458,280
142, 272,305
282,460,6C0
2,383,521,060 3,863, 905,000
2,257,861,600 3,558,475,410
125,659,460
305,429,590
2, 530,964,740 4,141, 546,970
2,399,196,590 3,826,073,620
131, 768,150
315,473,350
2,685,116,700 4,395,016,970
2,544,935,255 4,072,078,350
140,181,445
322, 938,620
2,839,923,800 4,647,494,460
2,692,170,185 4,323,779, 650
323, 714,810
147,753, 615
2, 986,182,620 4,894,019,390
2,836,525,360 4, 568, 745,090
325, 274,300
149,657, 260
3,116,207,920 5,114,836,580
2,982,116,315 4,815,862,380
134,091,605
298,974,200

N O T E 1. First issue Dec. 21,1863; first redemption, Apr. 5,1865.
N O T E 2. Gold notes included since 1915.
N O T E 3. Fractions a n d nonassorted notes not included.




Tens

Twenties

Fifties

$1,699,697,920 $268,555,450
1,402,446,080 200,356,100
297,251,840
68,199,350
1,800,204, 940 278,464,450
1,555, 221,880 247,251,800
31,212,650
244,983,060
1,895,074,220 287,566, 300
1,657,346,840 257,870,000
29,696,300
237, 727,380
1,980, 572, 240 295,589,900
1,738,203,080 265,712,200
242,369,160
29,877, 700
2,046,661,760 300,579, 200
1,798,100, 720 270,694,800
29,884,400
248, 561,040
2,134, 771, 820 311,156,350
1,900,338, 700 280,299,9C0
234,433,120
30,856,450
2,256, 235,520 321,370,450
2.012,790,440 291,508,450
'243,445,080
29,862,000
2,415,643,670 332,564, 950
2,173,273,160 304,103, 200
242, 370, 510 28,461, 750
2,561, 245,350 342,216,050
2,312,253,700 315,487, 700
248, 991, 650 26,728,350
2,705, 631, 630 353,112,650
2,456,824,520 325,072,850
28,039,800
248, 807,110
2,847,074,790 362,802, 750
335,219,0C0
2, 599,117, 260
247, 957, 530 27,583, 750
2,975, 540, 250 370,484,550
2,743,128, 860 345,017,800
232,411,390
25,466,750

One
hundreds
$403,231,450
337,694,300
65,537,150
411,536,200
369,129,900
42,406,300
418,407,000
381,368,900
37,038,100
424,100,400
389,040,200
35,060,200
427,777, 200
393,559, 500
34,217,700
435,249,100
402,042,300
33,206,800
442,267,100
411,724,400
30,542, 700
449,880,5C0
421,019,300
28,861, 200
456,449,900
429,753,200
26,696, 700
463,738, 500
436,442,500
27,296,000
470,320,400
443,579,000
26,741,400
475,141,600
450,454,100
24,987, 500

One thouFive
hundreds
sands
$11,947,000 $7,379,000
11,860,500 7,357,000
86,500
22,000
12,289,500 7,454,000
12,201,000 7,432,000
88, 500
22,000
12,289, 500 7,454,000
12,201, 500 7,432,000
22,000
88,000
12,289, 500 7,454,000
12,201,500 7,433,000
88,000
21,000
12,289, 500 7,454,000
12,201, 500 7,433,000
88,000
21,000
12,289, 500 7,4.54,000
12,201,500 7,433,000
21,000
88,000
12,289, 5C0 7,454,000
12,202,000 7,433,000
21,000
87, 500
12,289, 500 7,454,000
12,202,000 7,433,000
87, 500
21,000
12,289, 500 7,454,000
12,202,000 7,433,000
87,500
21,000
12,289, 500 7,454,000
12,202,000 7,433,000
87,500
21,000
12,289, 500 7,454,000
12,202,000 7,433,000
21,000
87, 500
12,289, 500 7,454,000
12,202,000 7,433,000
87,500
21,000

Total
$7,203,381,205
6,080,928,544
1,122,452,661
7,570,896,155
6,789,681,880
781,214,275
7,927,196,905
7,200,084, 290
727,112,615
8,252,767,335
7,535, 765,051
717,002,284
8,512,922,475
7,790,844,446
722,078,029
8,869,660, 575
8,145,816, 836
723,843, 739
9,325,707, 345
8,590,154, 821
735,552, 524
9,929,009,045
9,181,460,551
747,548,494
10,498,453,185
9,732,302, 886
766,150,299
11,068,309, 255
10,292,084,386
776, 224,869
11,618,808,165
10,840, 981,084
777,827,081
12,110, 919,115
11,394,374,829
716,544,286

Issued during current
year

w

$818,227,830

^
O

o

"364,"049,"7l6

H

a
356,300,750

fcrj

"
"

o

325,570,430

O
^
»J
T
H

260,155,140

.
_

356,738,100

-

W

o

£

- £

456,046,770
—

^
O

"663,"36I,"7OO
_
"569,"444,"l40

^
H
M
M

569,856,070

Cj

._
.
_

w

550,498,910

W-

W;

IZI:
O'
492,110, 950

Kj

REPORT OF THE COMPTROLLER OF TH3 CUBEBNCY

223

TABLE NO. 26.—National-bank currency issued to banks monthly from November
1, 1924, to October 31, 1925, and since 1863
Issued on account of redemptions

Total issued

Grand total
issued

1924

November
December
January
February
March
April
May...
June.
July
August
September
October

Issued on
bonds

$37, 392,970
40, 607, 310

1925
,_..
___

.

$1, 777,150
1, 643, 000

$39,170,120 $11, 657, 978, 285
42, 250,310 11, 700, 228, 595

46, 762, 040
34, 636,030
38, 736, 240
37,673, 200
40, 991, 070
40, 727, 210
39, 548, 820
37, 334, 420
35,404, 730
40,329, 450

...

__..

Total

1,419, 700
1,491,250
2, 473, 670
2,094, 380
2,165, 740
1,908, 410
2, 060, 200
2, 310, 250
971, 750
1,651,960

48,181, 740
36,127, 280
41,209,910
39, 767, 580
43,156, 810
42, 635, 620
41, 609, 020
39, 644, 670
36,376, 480
41,981, 410

470,143 3 490

_

21,967, 460

492,110, 950

11,748,410,335
11, 784, 537,615
11,825,747,525
11,865,515,105
11,908,671,915
11,951,307,535
11,992,916,555
12, 032, 561, 225
12, 068, 937, 705
12,110, 919,115

TABLE NO. 27.—National-bank notes received monthly for redemptionl by the
Comptroller of the Currency during year ended October 31, 1925
Received by the Comptroller of the Currency
From national From the redemption agency
banks in connection with
reduction of
circulation J For replaceRetirement
and replacement with
account
ment with
new notes
new notes

Months

November
December

January
February.March
April..
May..__
June
July.....
August.
September
October

1924
$2,217
6,850

_

$36,809,530
41,402,150

$2, 491, 440
2, 943, 050

$39, 303,187
44,352,050

19,150
7,345
2,800
260
3,950
3,100
3,900
4,550
10, 550
36,000

46, 621,470
34,150, 465
• 39, 213, 850
37,881, 098
41,172, 440
40, 681, 625
40, 265, 700
36, 209, 363
35, 903, 997
39, 734, 650

3, 747, 570
7,952, 595
10, 639, 850
9, 671, 090
9,836, 770
8,154, 290
8,149, 810
6, 323, 445
6,201, 040
6,331,905

50, 388,155
42,110, 405
49,856 500

1925

_
,
1
.

Total
_
....
Received from June 20, 1874, to Oct. 31,
1924
_
Grand total
1

Total

100, 637

470, 046, 338

58, 343, 363

), 053,144,320

1, 569,829,910

10, 681, 317, 594

58, 444, 000

i, 523,190, 658

1, 652, 272, 765

11, 233, 907, 424

Notes of gold banks not included in this table.




82,442,855

47, 552,448
51,013,160
48, 839, 015
48, 419,410
42, 537, 358
42,115. 587
46,102, 555
552, 589,830

224

REPORT OF THE COMPTROLLER OE TEE CURRENCY

TABLE NO. 28.—National-bank notes received at currency bureau and destroyed

yearly since the establishment of the system

Date
Prior to Nov. 1,1865
During the year ended Oct. 31—
1860
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897

.

-

Date

Amount

_

-

__.

.

$175,490
1,050,382
3,401,423
4,602, 825
8,603, 729
14,305, 689
24,344,047
30.211,720
36,433,171
49, 939, 741
137,697, 696
98,672, 716
76,918,963
57,381, 249
41,101, 830
35, 539, 660
54,941,130
74,917, 611
82,913, 766
93,178,418
91,048,723
59, 989, 810
47, 726, 083
59, 568, 525
52, 207, 627
44,447,467
45,981, 963
43,885, 319
44,895,466
62,835,395
46, 997, 527
53,613,811
83,159,973

Amount

During the year ended Oct. 31—
1898
1899
1900
1901
1902
1903
1904. .
1905
1906
1907
1908
1909
1910..
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924L
1925:

$66, 683,467
59, 988, 303
71, 065, 968
90,848,100
107, 222,495
140,306, 990
167,118,135
195,194, 785
191,102, 985
197, 932,847
231,128, 140
348,159, 995
359,496, 000
409, 835, 965
428, 399, 608
426, 282, 840
435,904,280
362, 551,125
351,717,477
298,468,107
238,184,520
330,106, 555
424, 542, 837
570,887, 902
537,153, 570
542,194, 707
522, 241, 817
470,146, 975

- .

-.

Additional amount of insolvent
and liquidating national-bank
notes destroyed
Gold notes
.__
Total

1,662, 991, 092
3, 390, 560
11, 394, 605, 995

I n addition $46,115 destroyed in t r a n s i t .

TABLE NO. 29.—National-bank notes issued during each year from 1914 to 1925,
inclusive, national-bank notes of active, insolvent, and liquidated banks destroyed,
total destructions for each year, and percentage of destructions to issues
[For prior years, see annual report 1920]
Destroyed
Year ended

T

A

Oct. 31—

1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925

$818, 227,830
364, 049, 710
356,300, 750
__ 325, 570,430
260,155,140
356, 738,100
456, 046, 770
603, 301, 700
569, 444,140
569, 856, 070
550,498. 910
__ 492,110, 950




insolvent
Active banks and liquidated banks
$435, 904,280
362, 551,125
351, 374,597
298, 468,107
236,296,660
330,106, 555
424, 542, 837
570,887, 902
537,153, 570
542,194, 707
522, 241,817
470, 950, 865

$20, 246,418
342,807,352
59, 026,804
38, 901, 595
20, 238, 717
24,864, 635
19, 794, 540
20, 417, 025
13, 688, 630
17, 586, 750
26,654, 568
82,442,855

Total
$456,150, 698
705, 358, 657
410,401,401
337, 369, 702
256, 535, 377
354,971,190
444, 337, 377
591, 304, 927
550, 842, 200
559, 781, 457
548, 896, 385
553, 393, 720

Per cent
destructions
active
banks to

Total outstanding

issues

$1,121,468,911
781, 268, 793
726,069, 290
716, 276,375
721,471,137
722,394,325
732,549,629
743, 288, 847
760, 679,187
772, 606, 269
774, 281, 624
713, 802, 744

r

53.27
99.59
98.62
91.68
90.83
92.53
93.09
94.62
94.33
95. 14
94.86
95.70

Percent
destructions to
issues
55.75
193. 75
115.18
103. 62
98. 61
99.50
97. 43
98.01
96. 73
98. 23
99. 73
112. 45

225

KEPQB.T OP THE COMPTROLLER OF THE CTJEEENCY

NO. 30.—Amount, denomination, and cost of national-bank currency
received from Bureau of Engraving and Printing, year ended October 31, 1925
D enoffiin at ions
5, 5, 5, 5.
10, 10, 10, 10
H), 10, 10, 20L
50, 50, 50, 100;

__

Amount
_

Cost of
Cost of paper printing, etc.

Total cost

$51,015.61
5, 249. 35
49, 707. 89
391. 09

$352, 034. 02
36,056. 95
343, 281. 82
2, 703. 00

$403,049. 63
41,306. 30
392, 989. 71
3,094. 09

491, 441, 490

.

$131, 470, 740
27? 002.000
328,301,750
_.
12,607,000

106, 363. 94

734,075. 79

840, 439. 73

Total

TABLE N O . 31.—-Vomit account of currency received and issued by currency bureau
during the year and the amount on hand October 31, 1925
NationaRmnk currency in vaults at the close of business, Oct. 31,1924__.,__i.__.._
$231,680,020
National-bank currency received from Bureau of Engraving and Printing during the year
ended Oct. 31,1925.,
_
._._
491,441,490
Total to be accounted for
_
Amount issued to banks during year
Amount withdrawn from vaults and canceled-_.

$492,110,950
11,046,840

Total withdrawn

723,121,510

503,157,790

Amount in vaults at close of business, Oct. 31, 1925

219,963,720

TABLE NO. 32.—Vault account of currency received and destroyed during year
ended October 31, 1925
Amount in vault of redemption division of currency bureau, awaiting destruction at close of
business Oet, 31, 1924
^-_.
. . $3, 606, 550
Amount received during year ended Oct. 31, 1925
.
552,589,830
Total.
-____._.-_ — .
Withdrawn from vault and destroyed during the year...
Balance in vaults Oct. 31, 1925

.„

_

.___..___

556,196,380
553,393, 720
2,802,660

TABLE NO. 33.—Amount of currency received for redemption by months, during
the year ended June 30, 1925, and counted into the cash of the National Bank
Redemption Agency
Months

July
August
September
October.
November
December
January
February
March
April
May
June ._

1924

1925

--.
.

Total




National-bank
notes

Federal
reserve- Federal reserve
notes
bank notes

$47,819, 451.00
43,122, 333. 50
43, 593,159. 00
44, 402, 216. 00
37, 080, 555. 00
43, 682,160. 00

$402, 625.00
391,829. 00
347, 049. 00
315, 089. 00
243,066. 00
315, 511. 00

53,173, 590. 00
42,112,397.00
48, 374; 911. 00
49,568,576.50
51,185, 532. 00
50, 635.164. 00

216, 064. 00
283, 419. 00
219, 581. GO
205, 044: 00
204, 354. 00
170, 998. 00

554, 750, 045. 00 3,314,629.00

United
States
currency

Total

$1,824,840.00 $10, 816. 02 $50,057,732.02
1, 602, 477. 50 7, 493. 21 45,124,133. 21
886,090.00
9, 675. 61 44,835,973. 61
598, 550. 00 7, 556. 02 45, 323, 411. 02
9,169; 34
38, 591, 030. 34
1,258,240.00
2, 064, 305. 00 2,979.96
46, 064, 955. 96
1, 823,980. 00
1,249,130. 00
1, 533,910.00
1, 378, 870.00
1, 214, 055. 00
1, 294, 405. 00

10, 096. 86
10, 915. 04
4,563. 25
10, 782.14
10, 209. 69
3, 924. 19

55, 223,730.86
43, 655, 861.04
50,132,965. 25
51,163, 272. 64
52, 614,150. 69
52,104, 491.19

16, 728, 852. 50

«, 181. 33

574,891, 707. 83

226

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 34.—Amount of currency received by National Bank Redemption
Agency for redemption during year ended June 80, 1925', from principal cities
and other sources.
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago.
St. Louis
Minneapolis

$43,185,300.00
101,834,400.00
47,396,753.50
19, 740, 500. 00
27,928,460.00
14,159,255. 00
62,721,217.50
13,956, 900. 00
.._ 11,678,550. 00

_

.

Kansas City
Dallas
San Francisco
Cincinnati
Baltimore
New Orleans
Other sources. _
_

______ $13,183,500.00
13,497,885.00
17,024,901.00
14,294,000. 00
10,702,400.00
6,575,970.00
157,039,806.02

Total.

574,919,798. 02

NOTE.—The difference of $28,090.19 between the totals shown by this table and Table No. 33 represents
the net adjustments for overs, shorts, and supurious issues found in remittances received.
The total amount of currency of all issues received by the national bank redemption agency and counted
into cash from June 30,1874, to June 30, 1925, exclusive of deductions for shortages and spurious issues, is
$15,940,080,927.09.

TABLE NO. 35.—Classification of national and Federal reserve currency redemptions , the amount of each class redeemed, the rate per $l,000t and the amount
assessed on account of expenses, year ended June 803 1925
Classes
Federal reserve notes:
Redeemed in regular course of businessFit for use
Unfit for use
Received from Federal reserve banks and branchesCanceled and uncanceled
Federal reserve bank notes:
Redeemed on retirement account
_
National bank notes:
Redeemed out of 5 per cent f u n d Fit for use
-Unfit for use
Redeemed on retirement account.__
Total

Rate per
$1,000

Amount redeemed

$851,800.00
15,088,000.00

Amount of
expenses

$0. 63672223
. 44968451

$542. 36
6, 784.84

1,296,422,050.00

. 10546505

136,727. 22

3, 420,137.00

1. 33362201

4, 561.17

1,538,000.00
486, 212, 802. 50
65, 558, 260. 00

.84488296
. 85590463
. 64582571

1, 299. 43
416,151. 79
42, 339. 21

1, 869, 091, 049. 50

. 32550903

608, 406. 02

NOTE.—The average cost per $1,000 for all notes redeemed through cash was $0.82. Average cost for
redemption of national-bank notes, $0.83; Federal reserve bank notes, $1.33; and Federal reserve notes
$0.46. Canceled Federal reserve notes amounting to $1,296,422,050 received direct from Federal reserys
banks and their branches were not counted into cash, and therefore were not taken into consideration in
arriving at the average cost of redemption. The average rate per $1,000 for expense of redemption on t h e .
latter class was $0.11.

TABLE NO. 36.—Cost of redemption of Federal reserve and national currency for
year ended June 80, 1925
Charges for transportation, including postage, insurance, and express charges..
Other charges:
Office of Treasurer of the United S t a t e s Salaries
$383,178.17
Printing, binding, and stationery
5,998.77
Contingent expenses
5,070.65
Office of Comptroller of the Currency—
Salaries....
Printing, binding, and stationery
Contingent expenses
Total




67,903.99
1,772.03
490.38

$143,992.03

$394,247.59

70,166.40

464,413.99
608,406.02

227

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 37.—Taxes assessed on national-bank circulation, years ended June
SO, 1864, to 1925; cost of redemption, 1874 to 1925; cost of plates and examiners1
fees, 1883 to 1925

Year

1864-1882.
1874-1882.

1887.
1889_.
1890_.
1891..
1892
1893..
1894..
1895..
1896..
1897..
1898..
1899..
1900_.
1901..
1902..
1903.
1904.
1905..
1906.
1907..
1908..
1909.
1910.
1911 .
1912.
1913..
1914.
1915.
1916.
1917.
1918.
1919.
1920.
1921..
1922
1923..
1924.
1925.

Total

Semiannual
duty on
circulation

Cost of
redemption

of notes by
the United
States
Treasurer

Assessment for
cost of
plates,
new
banks

Assessment
for
cost of
plates,
extended
banks

Assessment
for
cost of
plates,
additional
or
duplicate

$52, 253,518. 24
$1,971, 587.10
147, 592. 27
3,132, 006. 73
160, 896. 65
3,024, 668. 24
181,857.16
2, 794, 584. 01
168,243. 35
2, 592, 021. 33
138, 967. 00
2,044, 922. 75
141,141. 48
1,616, 127. 53
131,190. 67
1,410,331.84
107, 843. 39
1,254, 839. 65
99, 366. 52
1,216,104. 72
100, 593. 70
1,331, 287. 26
103,032.96
1,443, 489. 69
107,445.14
1, 721,095.18
100,352. 79
1, 704, 007. 69
114,085.63
1,851, 676.03
125,061. 73
2,020,703.65
125,924. 35
1,901,817.71
121,291. 40
1,991,743.31
122,984. 76
1,881, 922. 73
146, 236.18
1, 599, 221. 08
153, 796. 33
1,633, 309.15
174,477.62
1, 708, 819. 92
219,093.13
1,928, 827. 49
247, 973. 26
2,163, 882. 05
250, 924. 24
2, 509, 997. 80
233,650. 52
2,806, 070. 54
270,840. 21
3,090, 811. 72
396, 743.15
3,190, 543. 04
434,093.10
3, 463, 466. 68
443. 380.12
3, 567,037. 21
505, 735. 21
3, 690, 313. 53
517,842. 93
3,804, 762. 29
529,013. 36
3,889, 733.17
r
1 3, 901, 541.18\ 498, 328. 60
L 2,977,066.73
450,150. 22
3, 744, 967. 77
420,160. 42
3, 533, 631. 28
412, 785. 92
3, 656, 895. 34
528,424. 24
3,627,060.80
974, 058.11
3, 706, 901.15
1,115,146. 00
3,806, 590.02
3, 941, 461.17 2 594,168. 70
514, 598. 55
4,030, 336. 30
527,979. 90
4,063, 708. 32
459, 790. 43
3, 661, 819. 45
170,885,643. 47

1
2

15, 288,848. 50

$25,980 $34,120
18,845
1, 950
13,150 97, 800
14,810 24, 825
18,850
1,750
14,100
3, 900
12, 200
575
24,175
725
18, 575
7,200
8,100
15, 700
14, 225
5,200
4,375
4,050
4,950
6,875
5,450
3, 750
3,050
1,700
5,275
1,775
8,200
2,850
29, 200 15,050
85,975
13, 500
43,200 14,425
54, 475 40,325
45, 500 12,600
47,825 64, 800
54,150 31, 450
76, 275 12, 975
48,450
10,025
31,475
10,800
55,125
17, 500
27,875 22, 375
22,740 28,190
28,560 19, 805
11, 560
8,500
16, 660 13, 855
9,700
10, 085
6,000
9,200
16, 770 11,120
15,600 15,340
31,850 28, 990
31,070 82,160
18, 244 52, 780
23,464
5,850
18, 756
3,556
22,133
1,097,802

759,141

$4,130
6,975
6,300
11,175
3,420
6,460
9,100
7,590
20, 770
12, 670
17,226
25, 262
31, 388
162, 466

Assessment
for examiners'
fees and salaries (sec. 5240,
U. S. R. S.)

Total

$52, 253, 518. 24
1, 971, 587. 10
3, 434,305.16
3,306,001.94
3,195,172. 90
2, 907,172. 51
2,314, 709. 63
1, 897,046. 87
1, 685,023. 30
1, 524,355. 75
1480,215.63
1^617,664.64
1, 728, 392. 24
2,088,932.11
2,054, 437. 75
2,212,765.17
2,373, 374. 30
2, 260, 237. 33
2,368, 988. 33
2,308, 322. 35
2,122, 748. 33
2,152,027.11
2,302, 696. 51
2, 552, 915. 94
2, 912, 787. 70
3,243, 288. 27
3, 554,128. 71
3,849, 524. 68
4,140, 489. 26
4,494,223. 81
4, 552,936. 38
4, 777,278. 50
4, 934,155. 44
4,965,713.99
7,954,926. 21
536, 299. 70
577, 762. 64
4, 796,085. 63
849, 815. 96
4,825, 267. 66
994, 626. 18
5,101,297. 44
5,24-4, 992.42
1,050, 977. 38
5,946, 596.04
1,184, 026. 78
6,817,030.81
1, 769,394. 79
6, 783, 389.86
2,159, 509.99
6, 744, 902. 70
2,145, 391. 85
6, 938, 932. 76
2,293, 544. 54
6,343, 560. 34
2,199, 807. 46
$94, 606. 16
99, 642,05
107, 781. 73
107,272. 83
110,219.88
121, 777. 86
130, 725. 79
136, 772. 71
138, 969. 39
161,983. 68
162, 444. 59
251,966. 79
238, 252. 27
237,803. 51
222,858. 92
225,445. 27
244,903. 62
259,164. 86
277,816.07
307,296. 63
324, 598. 97
346,895. 32
388,307.39
396, 766. 23
425,157. 65
429,397. 75
510,928.07
524,039. 03
492, 269. 05
526,169. 76
556, 210. 22
520, 607. 46

24,840, 208. 78*7'213,034,109. 75

Tax collected on additional circulation under act May 30,1908.
Average cost per $1,000 for national-bank notes redeemed in 1922, $0.95; in 1923, $0.95; in 1924,
and in 1925, $0.83.




228

EEPOET OP THE COMPTTtOLLEK

OF T H E

CTJEEE-KCY

TABLE NO. 38.—Federal reserve notes outstanding according to weekly statement
(amount issued by Federal reserve agents to the banks, less "unfit" notes returned
for redemption), amount secured by gold, and amount secured by commercial and
other eligible paper, from November 5, 1924, to October 28, 1925
[In thousands of dollars]

Date

Federal
reserve
notes outstanding

Amounts
secured by
gold

Amounts
secured b y
commercial
and other
paper

1924
Nov. 5
12
19
26
Dec. 3
10
17
24
31

_

$2, 252, 367
2,255,532
2,254,425
2,248,213
2,. 262, 896
2 r 200,892
% 216,729
2,253,234
2,244,961

_

— —

1925
Jan. 7
*
_
14 - - .
21
28-_
Feb. 4
11
18
25
Mar. 4
.....
11
18
25.
A r !_„.._„.„.._....._....„.
p.
1
5
22
29
May 6
13
20
27
June 3
.
10
17
24
July 1--615.
22._
2<L

.

,_.

-...
-

-

--.

Au

%5:::::::::::::::::::::::::::
19
26
Sept. 2__9

^•15

23

m*.

!^n

30
Oct. 7
14
21__.
28




-.

2,202,002
2,144,712
2,099,962
2,073,168
2,055,967
2,055,638
2,057,731
2,052,673
2,050,319
2,040,508
2,031, 838
2,018, 223
2,019, 963
2, 020,173
2,025,361
2,017,175
2,000,685
2,000,009
1,986,076
1,985,011
1,973,093
1,963,638
1,969, 808
1,955, 308
1,941,511
1,935, 111
1,927,102
1,932, 080
1,921,942
I, &Wf 648
1,913,243
1,909,113
1,966,941
1,915, 606
1,925, 589
1,95&, 543
1,975,628
1,987,159
1,980, 294
1,994,942
2, 010, 747
2,012, 503
2,007,072

$.1,989,213
1,970,011
1,933,981
1,926,215
1,905,730
1,836,288
1,822,424
1,747,218
1,702,306
1,729,267
1,744,250
1,744,722
1,730,679
1,726,231
•t, 712,416
:t,701,939
1,603,443
t, 597,655
•L, 612, 227
L, 623, 983
L, 600,051
L, 588, 385
L, 518,503
t, 554,000
L, 563,377
t, 547,198
1,564,821
[, 581, 014
L 531,216
1,521,237
1,504,694
1,516,627
1, 500,333
1,473,117
1,459,127
1,461,028
1,472,241
1,45(1802
1,447>58
1,436,480
1,447, 740
1,437,985
1,444,444
1,441,993
1,451,175
1,489, 568
i, 405,694
1,381,941
1,365, 341
1,372,943
1,3W, 178
1,377,127
•

$263,154
285, 521
320,444
321,998
357,166
364,604
394,305
506, 016
542,655
472,735
400,462
355,240
342,489
329,736
343,228
355, 792
449,230
452,604
428, 281
407, 855
418,172
431, 578
506', 670
471,361
453,798
453,487
435,188
405,062
453, 795
451, 856
458,944
453,181
454, 9-75
468,394
475,984
466,074
459, 839
465,140
468, 690
476, 763
461, 373
468,956
471,162
483,5%
502, 368
486, 060
581,465
598,353
629,601
637, 804
613,325
629,945

TABLE NO. 39.—Federal reserve notes printed, shipped, and canceled, issued to banks, retired, and destroyed since organization of the banks,
with the balance in vaults and amount outstanding October 31, 1925
VAULT BALANCE OCTOBER 31, 1925
Fives

Total printed
Total shipped and canceled

Tens

Twenties

Fifties

One
hundreds

Five
hundreds

One
thousands

Five
thousands

.Ten
thousands

Total

$4, 099, 500, 000 $4, 784, 720,000 $5,177,440,000 $1,099,400,000 $786,400, 000 $161, COG, 000 $325,600,000 $108,000,000 $184,000,000 $16,726,060, 000
3, 793,460, 000 4,424,160,000 4,768,480,000
998, 000, 000 700,400, 000 107,800,000 234,800,000
76,000,000 184, 000,000 15, 287,100, 000

Total on hand... _ _

306,040, 000

360,560,000

408,960,000

101,400,000

86,000,000

53, 200,000

90,800,000

32, 000, 000

1,438,960, 000

O

$40,010, 000
33, 565,000

$62, 6$0, 000 | $16, 595,118, 930
48,430, 000 I 14, 590, 804,100

©

fcrj

ISSUED, R E T I R E D , A N D OUTSTANDING OCTOBER 31, 1925
$4,116, 520, 500 $4, 819,335, 540 $5,299,838,040 $1,066,109,550 $787,974,800 $108, 205, 500 $294,445,000
3,633,782, 000 4,394, 701,800 4,707,921, 500
75,189,500 206,035,000.
891,291,800 599,887, 500

Total issued
Total retired
Total outstanding.

482,738, 500

424, 633,740

591,916, 540

174,817,750

188, 087,300

33,016, 000

88,410,000

6,445,000

14,250,000

2,004,314,830

MUTILATED FEDERAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED i5INCE ORGANIZATION OF BANKS AND ON HAND
IN VAULT OCTOBER 31, 1925
Boston
New York.
Philadelphia
Cleveland
Richmond
Atlanta __
Chicago
_.
St. Louis
Minneapolis.-Kansas City
Dallas
..
San Francisco

$262, 511,885
856, 926, 725
295, 706,195
195, 989, 905
160, 267, 550
155, 802, 680
460, 449, 960
153,403, 265
92, 867,175
137, 083, 490
82,998,115
281, 614, 355

_
_._

Total received __
Total destroyed.

_.

Balance on hand

$470,314, 600
1,152,895. 670
360,409, 540
244,988, 780
182,220,450
156,839, 270
550, 553, 610
160, 272,890
87,889,360
102,864,18:0
82,333, 020
239,825, 290

$355,155,140
795,391, 080
430,428,040
476,222, 540
227,076, 300.
181,888, 820
633,532, 500
160,077,040
69,704, 220
115,622, 740
83,646,080
403,757,180

$32,397, 200
158,802,400
107,332,400
173,046,100
52,357, 30.Q
15, 802,150
122,970,100
18,806, 750
3,161, 750
6, 577, 650
6,480,400
36,209,150

$36,465,900
167,776, 200
37,639,600
3i, 751,100
25,861, 500
12, 579, 500
40,779, G O
O
9,039, 400
4, 271,400
7, 829, 700
5, 598,400
50,404, 500

$2, 532, 500
28, 934, 000
1, 245, 000
2,442, 500
257, 000
872, 500
4,663, 500
858,500
323, 500
685, 000
317, 000
2,711, 500

$10, 292, 000
64, 073, 000
5, 218, 000
2, 698, 000
4,627, 000
2,315, 000
6,005, 000
1, 760, 000
660, 000
739, 000
652 000
5,045,000

$240,000
365,000

$340, 000
1,870,000

40,000
10, 000

140, 666
30,000

so, bob
10,000

230,000

100, 000

90,000

$1,170, 249, 225
3, 227,034,075
1, 237, 978, 775
1,127, 318, 925
652, 707.100
526, 099', 920
1, 819, 033. 670
504,457, 845
258, 877,405
371, 401, 760
262, 024, 695
\, 019, 756,' 975

3,135, 621, 300
3,133, 899, 050

3, 791,406, 660
3, 789,924,910

3,932,501, 660
3,930,610,660

733,943, 350
733,463,350

429, 996,200
429, 603, 700

45, 842,500
45,801,000

104,084,000
104,037,000

845, 000
845, 000

2, 700, 000
2, 700, 000

12,176,940, 670
12,170, 884, 670

1,722, 250

1,481, 750

1,891, 000

392,500

41, 500

47,000

480,000 j

o
d

w

fed
O
l

6, 056, 000

NOTE.—During the year burned, badly mutilated, and fractional parts of Federal reserve notes amounting to $25,694.00 have been identified, valued, and to the bank of issue
determined.
NOTE.—Total new notes canceled and destroyed, $168,000,000.




o

CO

TABLE NO. 40.—Aggregate amount of Federal reserve bank notes printed, issued, canceled, and redeemed, by denominations, since the inaugura- to
CO
tion of the Federal reserve systein, and amount on hand and outstanding October SI, 1925

o

VAULT BALANCE OCTOBER 31, 1925
Ones
Total printed
Total issued and canceled
Total on hand

_ __

Twenties

Tens

Fives

Fifties

Total

$136, 232,000
136, 232,000

$132, 500, 000
121, 460,000

$24, 040, 000
16, 440, 000

$14,080,000
9, 760,000

$2, 600,000
200,000

$788, 344,000
762, 984,000

11,040,000

$478,892,000
478, 892,000

...

.

Twos

7, 600, 000

4, 320, 000

2, 400, 000

25, 360, 000

_

o
%

ISSUED, R E D E E M E D , AND OUTSTANDING OCTOBER 31, 1925
Total issued
Total redeemed

$478,892, 000
475, 578, 000

$135,192, 000
133,884, 000

$121, 460,000
120, 388,000

$16, 440, 000
16, 098, 000

$9, 760, 000
9, 245, 000

$200,000
169, 000

$761,944,000
755, 362,000

3, 314, 000

_

1, 308, 000

1, 072,000

342,000

515,000

31,000

6, 582,000

Total outstanding

o
o

TABLE NO. 41.—Taxes assessed on Federal reserve bank currency, cost of redemption, and cost of plates for years ended June 30, 1915 to 1925
Semiannual
taxes on circulation

Year

1915 _ .
1916-1917
1918
1919
_
1920
1921
1922
1923
1924
1925

_
„
_

_

_
.

__

_
._
-

.

Total




.

.

_.

.

Cost of redemption of
notes by the
United States
Treasurer

--

_

$2, 325. 18
3, 590. 86
38, 750. 70
463,195. 96
1, 023, 344. 76
947, 405. 00
445, 944. 01
113,837. 32
2, 890. 88

.
3, 041, 284. 67

Assessment for
cost of original
plates

759, 629. 35

Total

§
H

$1,800.00
2,200.00
$947.93
2, 353. 41
34, 419. 62
263, 616. 78
243, 517. 97
145, 890. 53
53,011. 08
11, 310. 86
4, 561. 17

Assessment for
cost of additional or duplicate plates

23,810.00
390. 00

$540. 00
720.00
180.00
138,530. 00
88, 270. 00
136, 570. 00
2,140. 00

28, 200. 00

366, 950. 00

$1,800.00
5,065.18
5, 258. 79
41, 284.11
659, 955. 58
1, 375, 621. 54
1, 327, 492.97
593, 974. 54
166, 848. 40
14, 201. 74
4,561.17
4,196,064.02

B
feJ

a
d

TABLE N O . 42.—National banks in charge of receivers, year ended October 31, 1925, capital at date of organization and at date of failure,
causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited with Treasurer of the
United States to redeem emulation, and total deposits at date of suspension
Organization
Name and location of banks

Farmers and Drovers National Bank, Waynesburg, Pa
First National Bank, Billings, Mont
Mount Vernon National Bank, Mount Vernon,
N. Y
Second National Bank, Clarion, Pa
Traders National Bank, Lowell, Mass
Mesa County National Bank, Grand Junction,
Colo

First National Bank, Pensacola, Fla
First National Bank, Sutton, W. Va
First National Bank, Uniontown, Pa
First National Bank, St. Cloud, Fla
First National Bank, Bluffton, Ohio
First National Bank, Newman, Calif
:____.
First National Bank, Eureka. S. Dak
First National Bank, Fairneld, Idaho
First National Bank, Medina, N. Dak
First National Bank, Towner, N. Dak
First National Bank, Hearne, Tex
Farmers National Bank, Cooper, Tex
First National Bank, Gridley, Calif-First National Bank, Cut Bank, Mont
Commonwealth National Bank, Reedville, Va._.
Picher National Bank of Picher, Okla
First National Bank of Ranger, Tex
Emmetsburg National Bank of Emmetsburg,
Iowa
:___:___.
First National Bank, Beaver, Pa
...
Corn Belt National Bank of Scotland, S. Dak
First National Bank of Ambia, Ind
First National- Bank of Desdemona, Tex
First National Bank of Sipe Springs, Tex.......
First National Bank, Marcus, Iowa
First National Bank, Sidney, Nebr
First National Bank of Bridgeport, Nebr
Bannock National Bank of Pocatello, Idaho




Charter
No.

Date

Capital

Total dividends paid
during existence as a
national
banking
association

Failures
Lawful

Capital

Receiver
appointed

Circulation
Total
outstanding deposits at
at date of date of suspension
failure

money
Cause deposited
of
failure

$200,000
150,000

Dec. 12,1906
July 2,1910

A
AB

$100,000
37,500

$100,000.00
37, 500.00

$1,047,580.00
1,908,841.00

16,000. 00
92, 000. 00
245, 000.00,

200,000
50, 000
200, 000

Apr. 19,1911
June 21,1912
Oct. 20,1913

A
A
AB

200,000
49, 000
190,197

200,000.00
49,000.00
190,197.00

482,843. 00
376, 639. 00
2,978,922. 00

May 31,1905
Aug. 10,1880
Apr. 17,1902
Feb. 20,1864
Mar. 24,1910
Nov. 19,1900
May 25,1910
Nov. 28,1919
Mar. 30,1912
Apr. 24,1914
Sept. 29.1905
July 5,1894
Sept. 24,1914
Mar. 14,1918
Oct. 5,1909
6,1916
Jan.
Feb. 3,1920
Jan. 26.1906

100,000
86,000. 00
50, 000 1,036, 343.00
35,000
31, 500. 00
60,000 1, 308,000.00
50.000
29, 500. 00
25,000
48, 500. 00
50,000
25, 500. 00
50,000
7, 500. 00
25, 000
26, 500. 00
25,000
20, 750. 00
25,000
20, 500. 00
50,000
178, 000. 00
50, 000
40, 000
25, 000
24, 250. 00
25, 000
6, 000. 00
100, 000
50, 250. 00
25. 000

100,000
500, 000
50,000
100,000
50, 000
50, 000
50, 000
50,000
25,000
25, 000
25, 000
50, 000
50, 000
40, 000
50, 000
25. 000
100, 000
200,000

Nov. 29,1913
Jan. 22,1914
Aug. 29,1914
Jan. 19,1915
Jan.
2,1918
Nov. 17,1919
Jan. 31,1920
Aug. 20,1920
Aug. 26,1920
Dec. 20,1920
Dec. 28,1920
Jan. 21,1921
Jan. 28,1921
Jan. 29,1921
do.
Feb. 16,1921
Feb. 21,1921
Mar. 2,1921

A
A
A
A
A
A
A
A
A
A
A
C
C
B
A
A
B
C

100,000
489, 900
50, 000
100, 000
17,100
46,700
12, 500

100,000.00
489,900. 00
50,000. 00
100,000. 00
17,100. 00
46, 700. 00
12, 500.00

22, 400

22,400.00

444, 609. 00
1, 673, 245. 00
364, 021. 00
1,452, 581. 00
380, 776. 00
597, 357. 00
943, 689. 00
823, 254. 00
353, 781. 00
170, 529. 00
247,015. 00
128, 566. 00
541, 562. 00
210,855. 00
245, 675. 00
210, 663. 00
208,053. 00
1, 283, 599. 00

Dec.
Feb.
May
July
Sept.
Nov.
June
Mar.
Feb.
July

50, 000
50,000
25,000
25,000
25,000
25, 000
100, 000
25, 000
25,000
50,000

50,000
50,000
25,000
25,000
25, 000
25, 000
50,000
50,000
25,000
100,000

Mar. 11,1921
Mar. 26,1921
Mar. 28,1921
Apr. 5,1921
Apr. 7,1921
Apr. 18,1921
May 18,1921
May 27,1921
d

B
A
A
A
A
A
B
B
A
A

22,000
47,900

22,000. 00
47,900.00

3097

Feb. 25,1865
Dec. 27,1883

$150,000
75,000

8516
3044
4753

Dec. 11,1906
Sept. 12,1883
June 10,1892

200,000
50,000
200,000

7766
2490
6213
270
9707
5626
9760
11527
10162
10581
7955
4976
10626
11164
9574
10827
11624
8072
8035
3850
11031
9510
11452
11525
9819
6201
9711
6347

23,1905
10,1888
28,1917
30.1909
2, 1919
6,1919
22.1910
12,1902
23,1910
15,1902

$597,750.00
321,350.00

77,000.
192,750.
1, 750.
11,250.

00
00
00
00

56, 500. 00
40,125.00
21, 500. 00
49,000. 00

June 11,1921

5,850

5,850.00

10, 900
21, 500
36, 000
5,800
23,700

24,995.00
10, 900.00
21, 500.00
36,000. 00
5,800. 00
23,700. 00

24, 600.00

23, 200

25, 000.00
23, 200. 00
21,100. 00
12,100. 00

424,812. 00
671,077. 00
264,775.00
24, 796. 00
112,917. 00
95, 627. 00
144, 284.00
265, 763. 00
112,121. 00
842, 093. 00

TABLE NO. 42.—National banks in charge of receivers, year ended October 81, 1925, capital at date of organization and at date of failure,
causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited with Treasurer of the oo
United States to redeem circulation, and total deposits at date of suspension—Continued
Organization
Name and location of banks

First National Bank, Crawford, Tex
First National Bank, Moran, Tex
The Havre National Bank of Havre, Mont
First National Bank of Joplin, Mont
_.
National Bank of Cleburne, Tex
Peoples National Bank, National City, Calif
United States National Bank, Vale, Oreg
First National Bank, Vale, Oreg
._
First National Bank, Burley, Idaho.-.
_
Edwards National Bank, Booker, Tex
Farmers National Bank, Big Sandy, Mont
First National Bank, Wendell, Idaho
Stockmen's National Bank, Poplar, Mont
Still water National Bank, Absarokee, Mont
First National Bank, Seeley, Calif
National City Bank, Salt Lake City, Utah
Second National Bank, Elkton, Md
First National Bank, Myton, Utah
State National Bank, Ardmore, Okla
_.
Corydon National Bank, Corydon, Ind
First National Bank, Oak Grove, La
_._
Farwell National Bank, Farwell, Tex
First National Bank, Spencer, Nebr
First National Bank, Ingomar, M!ont
American National Bank, Billings, Mont
First National Bank, Fresno, Mont
Merchants National Bank, Wimbledon, N. Dak.
First National Bank, Hope, N. Mex
First National Bank, Mountainair, N. Mex
First National Bank, Lawton, Okla
First National Bank Colusa, Calif
Commerical National Bank, Great Falls, MontSterling National Bank, Sterling, Colo
Payette National Bank, Payette, Idaho
First National Bank, Highwood, Mont
Citizens National Bank, Laurel, Mont
j




Charter
No.

Date

10400
10874
9782
10929
4035
9512
9496
8528
10341
11408
11063
9491
11027
11066
10462
10308
4162
11702
10394
7760
11650
12005
7325
11465
11696
11096
8717
9441
11329.
5914
10072
10530
11972
8075
11131
8716

May 19,1913
June 5,1916
May 18,1910
Nov. 11,1916
May 6,1889
June 21,1909
July 8,1909
Jan. 14,1907
Feb. 20,1913
May 4,1918
July 25,1917
June 30,1909
Feb. 17,1917
Aug. 11,1917
Sept. 5,1913
Nov. 19,1912
Aug. 12,1889
Apr. 10,1920
May 6,1913
May 23.1905
Mar. 2,1920
Aug. 5,1921
June 18,1904
Aug. 16,1919
Apr. 5,1920
Oct. 3,1917
Sept. 17,1907
May 3,1909
Apr. 3,1919
July 18,1901
July 1,1911
Apr. 20,1914
May 2,1921
Jan. 9,1906
Dec. 29,1917
May 3,1907

Capital

$30,000
25,000
50,000
25.000
75,000
25,000
75,000
25,000
30,000
25,000
50,000
25,000
25,000
25,000
25,000
250,000
50,000
25,000
100,000
125,000
50,000
25,000
25,000
25,000
150,000
25,000
30.000
25; 000
30,000
25,000
75,000
200,000
150,000
50,000
25,000
35,000

Total dividends paid
during existence as a
national
banking
association
$5,400.00
6,250.00
30,500.00
429,375.00
6,500. 00
52,500. 00
20,000. 00
12,450.00
7,000.00
14,000.00
6,000.00*
122,500. 00
78,000.00
70,000.00
216,250.00
280,750.00
2, 500. 00
15,000.00
25,000.00
4, 500. 00
185y 250. 00
34,500.00
106,000.00
76* 750.00
7,500.00
7,700.00

Failures

Capital

$30,000
25,000
50,000
25,000
150,000
25,000
75,000
60,000
30,000
25,000
25,000
25,000
25,000
25,000
25,000
250,000
50,000
25,000
200,000
125,000
50,000
25,000
100,000
25,000
150,000
25,000
25,000
25,000
30,000
200, 000
150, 000
200,000
•150,000
75,000
25,000
35,000

Receiver
appointed

July 16,1921
Aug. 29,1921
Sept. i6,1921
do
Oct. 27,1921
N o v . 7,1921
Nov. 15,1921
.do.
Nov. 30,1921
Dec. 12,1921
Jan.
3,1922
Jan.
5,1922
Jan. 28,1922
Jan. 30,1922

.do.

Feb. 3,1922
Feb. 18,1922
Feb. 24,1922
Mar. 4,1922
Mar. 8,1922
May 13,1922
June 26,1922
July 14,1922
Aug. 14,1922
Sept. 23,1922
Oct. 26,1922
Oct. 27,1922
Oct. 30,1922
Nov. 2,1922
Nov. 18,1922
Nov. 2% 1922
pec. 9.1922
Dec. 11,1922
Dec. 13,1922
Dec. 29,1922
Jan. 4.1923

Circulation
Lawful outstanding
money
Cause deposited at date of
failure
of
failure

A
B
B
B
NA
A
B
B
B
B
B
B
A
A
B
B
C
A
A
B
C
A
AB
A
AC
B
B
A
B
A
B
B
A
A
A
C

$7,500.00
49,600.00
75,000.00
25,000.00
68, 750.00
11,900.00

24,300.00

$243,300

6, 250.00
243,300.00

99, 995
125, 000

2, 500. 00
99,995.00
125,000. 00
99,995.00
14,500. 00
10,000.00
17,750.00

147, 500

147, 500. 00
25,000.00
200,000.00
75, 000. 00
25,000. 00
35,000.00

Total
deposits at
date of suspension

o
$37,367.00
73,916.00
366,887.00
28,214.00
2,787,817.00
346, 714.00
279,326.00
122,449. 00
503,626. 00
52,387.00
30,033. 00
91,984.00
39,430. 00
170,037.00
36, 307.00
1,383,447.00
282,995.00
35, 888. 00
975, 659.00
984,671.00
32? 062.00
47,916.00
550,133.00
174,230. 00
499, 259. 00
27,357. 00
60,490.00
82,308.00
205,020.00
906,443.00
306,802. 00
1,067,638
475,881
201, 514
139, 808
215,807

H3

o

i
o
H

w
o
d

First National Bank, Magdalena, N. Mex
First National Bank, Broadview, Mont
Commercial National Bank, Wilmington, N. C_.
First National Bank, Winner, S. Dak
First National Bank, Wessington Springs, S
Dak
First National Bank, Rupert, Idaho
First National Bank, Warren, Mass
First National Bank, Harlowton, Mont
First National Bank, American Falls, Idaho
First National Bank, Clifton, Ariz
Springfield National Bank, Springfield, Ohio...
First National Bank, Roundup, Mont
First National Bank, Gregory, S. Dak__.
First National Bank, Bottineau, N. Dak
Llano National Bank, Llano, Tex
_._
Farmers and Merchants National Bank, Jefferson, Iowa
City National Bank, Jerome, Idaho
First National Bank, Nampa, Idaho
First National Bank, Rock River* Wyo
First National Bank, Highland, Wis
First National Bank, Joseph, Oreg
Peoples National Bank, Salisbury, N. C
First National Bank, Big Sandy, Mont
First National Bank, Willow City, N. Dak
First National Bank, Granfield, Okla
First National Bank, Sapulpa, Okla
First National Bank, Chester, Mont
First National Bank, Henryetta, Okla
First National Bank, Carroll, Nebr
First National Bank, Colquitt, Ga
First National Bank, Shelby, Mont
Fairfield National Bank, Fairfield, Iowa
Howard National Bank, Howard, S. Dak
Roundup National Bank, Roundup, Mont
First National Bank, Oswego, Mont
First National Bank, Lovington, N. Mex
First National Bank, Wells, Minn
First National Bank, Mitchell, S. Dak
Cavalier County National Bank, Langdon, N
Dak
American National Bank, Three Forks, Mont..
Lehigh National Bank, Lehigh, Okla__
City National Bank, Coalgate, Okla..
First National Bank, Grey Eagle, Minn
First National Bank, Fairview, Mont
First National Bank, Carter, Mont
First National Bank, Hemingford, Nebr
Union National Bank, Bel ait, Kans
Texas County National Bank, Guymon, Okla..




10268
10809
12176
11119

Aug. 27,1912
N o v . 26,1915
Apr. 17,1922
Dec. 15,1917

50,000
25, 000
200,000
30,000

17, 500. 00
11,500.00
9,000.00

50,000 Jan. 18,1923
25, 0G0 Jan. 30,1923
200 000 Jan. 31,1923
.do
30,000

6446
10429
11567
9270
8869
5821
2620
9165
8600
6085
5853

Sept. 25,1902
'<
July 20,1913
Nov. ]
14,1919
Oct. 27,1908
Aug. 1,1907
May :14,1901
Jan. 17,1882
May :22,1908
Feb. 22,1907
Dec. 17,1901
June 5,1901

25,000
25,000
50,000
50,000
25,000
30,000
100,000
25,000
25,000
25,000
25,000

75,250. 00
20,000. 00
2,000. 00
18, 500. 00
48,250.00
157,750. 00
161, 500. 00
34,750. 00
89,490.00
66,000.00
105,000. 00

50, 000 Feb. 5 1923
25,000 Feb. 7,1923
50, 000 Feb. 23,1923
50,000 Mar. 7,1923
50,000 Mar. 26,1923
100,000 Apr. 2,1923
100,000 Apr. 5,1923
50, 000 . _.do
50,000 Apr. 12,1923
50,000
do ..
50,000
do
_._

B

12,100. 00
25, 000. 00
46,400. 00
94, 750. 00
21,400. 00
25, 000. 00
35,800. 00
4, 700. 00

10123
11578
8370
11342
10880
8048
9076
11004
6766
10006
5951
11105
6867
5957
6498
10953
8986
10780
10675
11134
11029
4669
2645

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

28,1911
22,1919
15.1906
24,1919
14.1916
11,1905
10,1908
9.1917
18,1903
24,1911
19,1901
15.1917
29,1903
21,1901
3,1902
14.1916
24.1907
13,1915
26.1914
8.1918
28.1917
12,1891
8,1882

40,000
30,000
25,000
25,000
25,000
25,000
100,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
60,000
25, 000
25,000
25,000
30,000
50,000
50,000

29,600. 00

40,000 Apr. 27,1923
30,000 M a y 24,1923
200,000 June 1,1923
50,000 June 14,1923
25,000
do
25,000
do
100, 000 July 3,1923
25,000 July 7,1923
25,000 July 12,1923
50, 000 July 21,1923
100, 000 July 30,1923
25, 000
do
50,000 July 31,1923
50, 000 Aug. 13,1923
50,000 Aug. 14,1923
25,000 Aug. 27,1923
60,000 Aug. 30,1923
25, 000 Sept. 1,1923
25,000 Sept. 6,1923
25,000 Oct. 5,1923
30, 000 Oct. 8,1923
100, 000 Oct. 22,1923
100,000 Oct. 23,1923

C
A
B
A
A
A

9075
10996
5755
11676
8729
12015
10995
10242
6701
12179

Jan.
Apr.
Feb.
Mar.
May
Aug.
Apr.
July
Mar.
Mar.

28,1908
30,1917
14,1901
10,1920
28,1907
26,1921
25,1917
27,1912
24,1903
24,1922

25, 000
40,000
25,000
50, 000
25, 000
40, 000
25,000
25, 000
25,000
25,000

126, 563. 00
32,000. 00
136,000. 00
10,000.00
44,750. 00
45,000. 00
177,550.00

75,555.55

73,750.00
73,427. 00
2, 505. 00
4,500. 00
9, 000. 00
213, 750. 00
167, 500. 00
52,000. 00
4,000. 00
99,250. 00
38,65Q. 00
18,300. 00
149,875. 00
5,000.00

25, 000
25, 000
35, 000
50,000
25,000
40, 000
25,000
25, 000
50,000
25, 000

Oct. 29,1923
do
Nov. 8,1923
.do _
do.
do
Nov. 9,1923
Nov. 10,1923
Nov. 13,1923

B

50, 000. 00

AB

A

100 000 00
20, 000. 00

AB
A
A

50, 000. 00
25, 000. 00

B
A
A
C
B
AB

A

c

A
AB
B
C
AB
B
C
C
C
A
AB
AB
C
B
A

94, 750

40,000.00
105, 500. 00
13,700.00
24, 300. 00
94,700. 00
24,300. 00
5, 650. 00
45,800. 00
24, 500. 00
24,600. 00
25,000. 00
9, 700. 00

AB

97,000. 00
99,000. 00

c

23, 200. 00

C
B
A
A
A
A

12, 250.00

A

A
A

6, 2O5. 00
25,000. 00
5, 950. 00
49,300. 00

344, 244
74, 657
1,991, 806
186,104
336, 320
140,968
292, 995
334,115
265, 380
260, 527
1, 772, 465
487, 252
176, 708
333,101
271, 311
99, 553
67, 061
S75, 788
158, 539
77, 396
141, 638
893, 613
37, 800
150, 665
182,035
038, 227
104, 352
967,732
883, 573
27, 312
227, 849
332, 323
143, 305
211, 204
46, 982
126, 305
745, 030
562, 553
353, 645
63. 477
159, 610
158, 720
90, 443
146, 213
33, 989
203, 317
545, 591
173, 519

fed

W

8
b

H

W

fed

fed
o

bO
CO
CO

TABLE N O . 42.—National banks in charge of receivers, year ended October SI, 1925, capital at date of organization and at date of failure,
causes of failure, dividends paid while solvent, circulation outstanding at date-of failure, lawful money deposited with Treasurer of the
United States to redeem circulation, and total deposits at date of suspension—Continued.
Organization
Name and location of banks

r

Tucson National Bank, Tucson, Ariz
National Bank of Barnesville, Ohio
Citizens National Bank, Roswell, N. Mex
First National Bank, Lancaster, Minn
First National Bank, Tolley, N. Dak
Citizens National Bank, Crosby, N. Dak
First National Bank, Turtle Lake, N. Dak
First National Bank, Soper, Okla
First National Bank, Springfield, S. Dak
Farmers National Bank, Tishomingo, Okla
First National Bank, Seale, Ala
First National Bank, Manville, Wyo
First National Bank, Woodworth, N. Dak
First National Bank, Lenapah, Okla
_
First National Bank, Poplar, Mont
First National Bank, Lansford, N. Dak
First National Bank, Forsyth, Mont
Condon National Bank, Condon, Oreg
First National Bank, Moore, Mont
Miners National Bank, Henryetta, Okla
1° First National Bank, Schulter, Okla...
43 Merchants National Bank, Mandan, N. Dak.__
44 First National Bank, Webster, S. Dak
1*1 First National Bank, Dodson, Mont
46 Sioux Falls National Bank, Sioux Falls, S. Dak._.
17 First National Bank, Sentinel Butte, N. Dak._.
48 First National Bank, Beach, N. Dak
49 First National Bank, Bisbee, N. Dak
51 National Bank of Carlsbad, N. Mex
52 Dakota National Bank, Dickinson, N. Dak
53 First National Bank, Lusk, Wyo _ _
54 First National Bank, St. John, Wash
"—
55 First National Bank, Warroad, Minn
56 First National Bank, Brookings, S. Dak
57 First National Bank, Bonan, Mont

21
22
23
24
25
?fi
27
28
29
31
3?
33
S4
S5
36
37
38
39
40
41




Charter
No.
11159
6621
6777
11356
7810
10519
8821
10366
8942
10431
10654
11352
11353
11436
10885
8187
7320
8261
8539
10349
10967
10604
6502
11086
2823
10706
9484
6733
6884
7663
11390
11172
11815
3087
9864

Date

Feb.
Jan.
Apr.
May
May
Apr.
June
Apr.
Oct.
July
Sept.
May
Apr.
Aug.
July
Mar.
June
Mar.
Jan.
Feb.
Mar.
Aug.
Nov.
Aug.
Nov.
Feb.
May
Apr.
July
Mar.
June
Mar.
Aug.
Nov.
Aug.

Capital

$100,000
21,1918
100,000
29,1903
50,000
20,1903
25, 000
14,1919
25,000
17,1905
25, 000
14,1914
25,000
8,1907
30,000
15,1913
25, 000
2,1907
30,000
23,1913
60,000
28,1914
25,000
1,1919
25,000
26,1919
25,000
18,1919
25,000
28,1916
25,000
16,1906
50,000
10,1904
50,000
24,1906
50, 000
7,1907
25, 000
20,1913
25,000
5,1917 :
50, 000
24,1914
25, 000
19,1902
25, 000
23,1917
50, 000
14,1882
25, 000
10,1915
25, 000
26,1909
25,000
1,1903 ,
30,000
8,1903
50,000
4,1905
50, 000
23,1919
40,000
11,1918
25, 000
4,1920
50, 000
15,1883
25,000
31,1910

Total dividends paid
during existence as a
national
banking
association

$133,000. 00
373,500. 00
5, 000. 00
66, 250. 00
27, 500. 00
30,125. 00
22,950. 00
22,105. 00
14, 750. 00
28,800. 00
1, 250. 00
3, 750. 00
1, 500. 00
63,000.00
136, 500.00
12, 500. 00
22, 750. 00
42, 250.00
12, 500. 00
5, 000. 00
32, 500. 00
' 240,500.00
10, 000. 00
52, 500. 00
57,750.00
142,900.00
68,000.00
16, 000.00
270, 500. 00
22, 250.00

CO

Failures
Lawful
Capital

money
Receiver . Cause deposited
of
appointed
failure

$100,000 Nov. 14,1923
100,000
do
200,000 Nov. 16,1923
25,000 Nov. 19,1923
25,000 Nov. 21,1923
25,000
do
25,000
do
30,000 Nov. 22,1923
25,000 Nov. 28,1923
25,000 Dec. 6,1923
25,000 Dec. 10,1923
25,000 Dec. 11,1923
25,000
do
25,000 Dec. 14,1923
25,000 Dec. 17,1923
25,000
do...
75,000 Dec. 18,1923
50,000
do_
25,000 Dec. 20,1923
50,000 Dec. 21,1923
25,000
do
50,000 Dec. 26,1923
25,000 Jan. 2,1924
25,000 Jan. 21,1924
150,000 Jan. 24,1924
25, 000
do
50,000 ____.do
25, 000 Jan. 28,1924
100,000 Feb. 6,1924
50,000 Feb. 7,1924
50, 000 . __do
40,000
do._ . . . .
25, 000 Feb. 9,1924
100,000 . . . . . d o
25,000
do

B
A
B
BC
B
B
C
B
C
C
B
C
B
B
B
B
A
B
B
B
A
A
B
B
C
B
B
B
B
C
B
C
A
B
B

Circulation
outstanding
at date of
failure

$67,300. 00
100,000. 00
188, 200. 00
24, 700. 00
6, 250. 00
9, 700. 00
17, 750. 00
24,400. 00
25, 000. 00

6, 500. 00
33, 700. 00
11,800. 00
24, 500. 00
25, 000. 00
25,000.00
24, 700.00
74, 250. 00
25?000, 00
23,300.00
11, 800. 00
47,100. 00
, 48,500.00
; 99,200.00
5,950. 00

Total
deposits at
date of suspension

$588, 287
877,090
497,195
179, 618
87,434
146, 380
134, 961
98, 891
150, 326
132, 277
39,634
64,463
47, 881
77, 797
106,628
124; 405
352,127. 00
121,155. 00
144,127. 00
434,161. 00
51,164. 00
315, 054. 00
224, 512.00
72,899.00
1, 514, 456.00
102,160.00
389,152.00
216,114.00
446, 659.00
176,986. 00
82, 343.00
98,542.00
159, 329.00
623,164.00
102, 643.00

o
o

B

3

H

W
o
d

Q

First National Bank, Harrison, Nebr
First National Bank? Clarkston, Wash
First National Bank, Carthage, S. Dak
First National Bank, Onida, S. Dak_
Commercial National Bank, Miles City, Mont.
Nowata National Bank, Nowata, Okla
First National Bank, Castlewood, S. Dak
First National Bank, Clovis, N. Mex
First National Bank, Charlo, Mont
First National Bank, Sidney, Mont
Stockmens National Bank, Fort Benton, MontFirst National Bank, Fort Simmer, N. Mex
Wells National Bank, Wells, Minn
First National Bank, Gering, Nebr
Western National Bank, Mitchell, S. Dak.
First National Bank, Coalgate, Okla.__
___
First National Bank, Mclntosh, S. Dak
First National Bank, Clayton, N. Mex
First National Bank in Deming, N. Mex
First National Bank, St. Anthony, Idaho
_
First National Bank, Huron, S. Dak
Farmers & Merchants National Bank, Fairbury,
Nebr
First National Bank, Golva, N. Dak...
__.
First National Bank, Lingle, Wyo.
Torrington National Bank, Torrington, Wyo.._.
Citizens National Bank, Jamestown, N. Dak.__.
First National Bank, Poison, Mont
Farmers National Bank, Parsons, Kans
Merchants National Bank, Crookston, Minn
Citizens National Bank, Sisseton, S. Dak
First National Bank, Bristow, Nebr
First National Bank, Lake Preston, S. Dak
First National Bank, Hayward, Wis
First National Bank, Plentywood, Mont
First National Bank, Sterling, Colo
First National Bank, Rocky Ford, Colo
First National Bank of Fergus County, Lewistown, Mont
State National Bank, Albuquerque, N. Mex
First National Bank, Marysville, Kans
First National Bank, Alexander, N. Dak
First National Bank, Pilger, Nebr
First National Bank, Wilsall, Mont
National Bank of Commerce, Shawnee, Okla
Citizens National Bank, Hankinson, N. Dak
City National Bank, El Paso, Tex.
Silver City National Bank, Silver City, N. Mex.
First National Bank, Carlsbad, N. Mex
First National Bank, Baker, Mont
Farmers National Bank, Burlington, Kans




8888
6742
10833
11585
5015
6367
6000
8784
11165
9004
4194
8617
6788
8062
7455
5647
9283
5713
6974
5^64
2819

June
Mar.
Mar.
Jan.
Aug.
July
Oct.
June
Feb.
Dec.
Dec.
Feb.
Apr.
Dec.
Sept.
Dec.
Oct.
Dec.
Aug.
Dec.
May

28,1907
16,1903
20,1916
17,1920
15,1895
23,1902
2,1901
14,1907
26.1918
23,1907
24,1889
28.1907
6,1903
28,1905
12.1904
8,1900
16.1908
29,1900
5.1903
31,1900
19,1882

50, 000 I 109, 000. 00
25, 000
38, 500. 00
25, 000
23, 500.00
25,000
80,000
277, 000.00
25, 000
112, 000. 00
25, 000
42, 500.00
35, 000
50,100.00
25, 000
1, 500. 00
25,000
103, 250. 00
100,000
802,000. 00
25,000
45, 500.00
30,000
75,000.00
50,000
59,750.00
50,000
126, 221.00
25, 000
175, 850. 00
25,000
32,076. 84
25,000
150, 500. 00
25,000
55, 400.00
25,000
207, 625. 00
50,000
166, 350.00

10340
11346
11231
11309
7820
9449
11537
3262
6395
9448
10758
7831
10438
5624
7082

Feb.
Apr.
Aug.
Feb.
June
Mar.
Nov.
Oct.
Aug.
June
July
June
May
Oct.
Oct.

8,1913
14.1919
19.1918
3,1919
16.1905
26.1909
18.1919
25,1884
18.1902
5,1909
24,1915
9,1905
12,1913
29,1900
23.1903

60,000
25,000
25,000
35, 000
50, 000
25,000
100, 000
75,000
50,000
25,000
25,000
25,000
25, 000
25,000
50,000

7274
7186
2791
11297
5937
11335
12441
8084
7514
3539
5487
10443
6955

May
Mar.
Aug.
Jan.
Aug.
Apr.
Aug.
Jan.
Oct.
June
May
Aug.
Sept.

9.1904
17.1904
25,1882
22,1919
2,1901
11,1919
18,1923
18.1906
14,1904
24,1886
19,1900
19,1913
10,1903

100, 000
100,000
50, 000
25, 000
25, 000
25, 000
100, 000
30, 000
100, 000
50, 000
25, 000
25, 000
25, 000

23,400.00
8,750.00
60, 500. 00
26, 250.00
3, 000. 00
155, 250. 00
173, 000. 00
53,625. 00
22, 500.00
58,750.00
22, 500.00
342,986. 05
78,800. 00
485, 000. 00
474, 377. 32
221,625.00
1,000. 00
77,750.00
31, 900.00
471, 000. 00
255, 500. 00
430, 000. 00
7,500. 00
81, 750. 00

50, 000
50, 000
25, 000
25,000
250, 000
25,000
25. 000
100', 000
25, 000
50,000
200,000
25, 000
75,000
25,000
100, 000
100, 000
25,000
75,000
40,000
50,000
65,000
60,000
25,000
25, 000
35, 000
50, 000
25, 000
100,000
75,000
50,000
40, 000
25, 000
50,000
50,000
100, 000
60, 000
300, 000
200, 000
75, 000
25, 000
50, 000
25, 000
100, 000
30, 000
500, 000
100, 000
100, 000
25, 000
55,000

Feb. 12,1924
do
do
do
Feb. 15,1924
Feb. 19,1924
do.
Feb. 20,1924
do
Feb. 26,1924
do
do
.-...do
do
Feb. 27,1924
Mar. T,"l924
.--do
Mar. 4,1924
Mar.

14,1924

Mar. 15,1924
Mar. 18,1924
Mar. 19,1924
-_..do

Mar. 21,1924
Mar. 22,1924
Mar. 24,1924
do
—do._
_
Mar. 28,1924
Mar. 29,1924
Mar. 31,1924
Apr. 5,1924
do
Apr. 12,1924
Apr. 14,1924
Apr. 15,1924
do.
Apr. 22,1924
do
Apr. 28,1924
Apr. 30,1924
May 8,1924
May 14,1924
do
May 20,1924
May 21,1924

C

c
A
C
c
B
A
B
B
C
C
B
C
A
B
C
B
B
B
C
B
A
A
B
C
B
B
C
A
C
C
B
A
B
B
C
A
C
A
B

£

B
A
B
C
B
A
C
C

15, 000. 00
50, 000.00
25, 000.00
25,000.00
98, 500.00
16, 797. 50
24,600.00
62,500.00
39,000.00
191,895. 00
5, 850.00
75,000.00
11,500.00
93, 400.00
27, 300. 00
23,700.00
50,000. 00
25,000.00
48, 600.00
30,000.00
60,000.00

24, 400.00
24,700.00
100,000. 00
75,000. 00
40, 000. 00
25, 000. 00
24, 200. 00
9, 600. 00
6, 250. 00
100,000. 00
14,100.00
124,500.00
167, 400. 00
74, 200. 00
24, 400. 00
48, 600.00
100, 000.00
30,000. 00
42,100. 00
24, 597. 50
21, 900. 00
49,300. 00

353, 806. 00
188, 453. CO
228, 933. 00
112, 045. 00
1, 588, 243. 00
459, 448.00
164, 542. 00
64, 864. 00
46, 276. 00
395, 764. 00
467,119. CO
79,155. CO
745, 030. 00
265, 790. 00
289, 727. 00
493, 803. CO
103, 496. GO
197, 525. 00
307, 368. 00
236, 777. 00
1, 099, 420. 00

o

223, 363. 00
50, 234. 00
54, 763. 00
67, 468. 00
284, 231. 00
114, 786. 00
305, 556. 00
1,170, 960. 00
450, 944. 00
138, 960. 00
275, 947. 00
568, 838. 00
243, 877. 00
712, 005. 00
239, 527. 00

ft

2,866, 963. 00
1, 645, 675. 00
591, 816. 00
202, 272. 00
202, 998. 00
23, 019. CO
936, 087. 00
206, 864. 00
3, 384, 059. 00
659, 678. 00
361, 326. 00
150,340. 00
316, 452. 00

ft

M

ft

o
o

o
ft
ft

o
d
w
w

ft
%

a
i

CO

TABLE NO. 42.-—National banks in charge of receivers, year ended October* 31, *1925, capital at date of organization and at date of failure,to
causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited with Treasurer of the CO
c
United States to redeem circulation, and total deposits at date of suspension-—Continued
Organization
Name and location of banks

813
814
815
816
817
818
819
820
821
822
823
824
825
826
8?7
829

830
831
832
833
834
835
836
837
838
839
840
841
842
843
844
845
846
847
848

Drovers National Bank, East St. Louis, III
First National Bank, Sehuyler, Nebr
_
First National Bank, Morristown, S. Dak
City National Bank of Huron, Huron, S. Dak___
First National Bank, Newcastle, Wyo___.
Citizens National Bank, Julesburg, Colo
First National Bank, Basin, Wyo__
First National Bank, Lidgerwood, N , Dak__-___
First National Bank, Galata, Mont
Citizens National Bank, Worthington, Minn
First National Bank, Poteau, Okla___.
National Bank of Commerce of Rochester, N . Y_
First National Bank, Alexandria, S. Dak_
First National Bank, Walhalla, N . Dak__
__
Weiser National Bank, Weiser, Idaho
Citizens National Bank. Ness City, Kans..______
First National Bank, Cheyenne, Wyo _
First National Bank, Lambert, Mont
First National Bank, Bridgewater, S. Dak
Citizens National Bank, Cheyenne, Wyo_
Bristow National Bank, Bristow, Okla
_____
First National Bank, Harrington, Wash
First National Bank, Minnesota Lake, Minn
First National Bank, Rexburg, Idaho
First National Bank, Ririe, Idaho____
First National Bank, Putnam, Conn^ _______
State National Bank, Carlsbad, N . Mex__
Northwestern National Bank of Livingston, Mont
First National Bank in Clovis, N . Mex
__
First National Bank, Beaver Creek, Minn
First National Bank, Rudyard, Moht____.
First National Bank, Groom, Tex
__
First National Bank, Ozark, Ala
•_ _ _
First National Bank, Ulen, Minn
__
Citizens National Bank, Centerville, Tenn




Charter
No.

Date

10399
2788
9817
8781
7198
9603
10858
5772
11089
5910
7118
8111
5918
9133
8139
8081
1800
11176
6925
8089
10115
9210
6204
7133
10920
448
10962
11000
12522
9321
11203
11447
7629
7081
9827

Apr. 30,1913
Sept. 4,1882
May 11,1910
June 8,1907
Mar. 23,1904
Sept. 29,1909
May 15,1916
Mar. 29,1901
Oct. 10,1917
June 7,1901
Jan. 14,1904
Feb. 1,1906
July 16,1901
Mar. 14,1908
Feb. 19,1906
Feb. 3,1906
Dec- 29,1870
Apr. 20,1918
July 23,1903
Jan. 15,1906
Nov. 23,1911
July 10,1908
Apr. 5,1902
Jan. 19,1904
Oct. 9,1916
Mar. 23,1864
Feb. 8,1917
Mar. 27,1917
Feb. 28,1924
Jan. 4, 1909
May 29,1918
Aug. 16,1919
Feb. 13,1905
Dec. 12,1903
May 31,1910

Capital

Total dividends paid
during existence as a
national
banking
association

Failures

Capital

Receiver
appointed

$200,000 M a y 22,1924
$57,000.00
$200,000
50,000 M a y 24,1924
214,750.00
50,000
do
12,500.00
25,000
25,000
44,760. 00
50,000
78,750.00
25,000
25,000 June 12,1924
55,125.00
25,000
25,000
_ do
17,500. 00
25,000
35,000 June 14,1924
190,000. 00
50,000
50,000 June 17,1924
7,000. 00
25,000
26,000 June 18,1924
50, 500.00
25,000
25,000 June 19,1924
38, 750. 00
25,000
25,000
500,000 1,222, 500. 00 1,500, 000 June 21,1924
76,500. 00
25,000
25,000 June 23,1924
18,500. 00
25.000
25,000 ---- do
118,584. 67
50,000
75,000
do ___
70, 950. 00
30, 000
45,000 July 3,1924
949,000.00
100,000
200,000 July 9,1924
25,000
25,000 July 16,1924
25, 000
25,000 July 18,1924
86, 750. 00
100,000
100,000 July 21,1924
79,000. 00
25,000
25,000
do.
_
34,050. 00
50,000
50,000 Aug. 6,1924
46,500.00
25,000
25,000
do _
71,500. 00
50,000
50,000 Aug. 11,1924
120,500.00
25,000
25,000
do
6,750,00
100,000
150,000 Aug. 13,1924
814,000.00
75,000
75,000 Aug. 25,1924
22, 500. 00
100,000
100, 000 Aug. 30,1924
8,000.00
50,000
50,000 Sept. 4,1924
25,000
30,000 Sept. 20,1924
36,500.00
25,000
25,000 Oct. 4,1924
25,000
25,000 Oct. 6,1924
25, 000
35,000 Oct. 23,1924
85,737.22
25,000
25, 000 Oct. 28,1924
30, 000 1 42,500.00 1
30.000
do
___
37.800.00

Circulation
Lawful outstanding
money
Cause* deposited at date of
failure
of
failure
B
C
A
B
BC
A
B
B
C
B
AB
B
B
BA
B
B
B
B
B
A
B
A
A
B
B
A
B
A
AB
A
A
A

Total
deposits at
date of suspension

$47, 200.00
25,000.00

$433, 685. 00
524, 922. 00
98,667.00

24,300. 00
24, 600. 00
35,000. 00
50,000. 00

442, 668. 00
164, 286. 00
174, 795. 00
611,146.00

o

18, 000. 00
22, 700, 00
459, 897. 50
24,400.00
25,000. 00
65,000.00

421, 059. 00
238, 357. 00
198, 498. 00
456, 206.00
162, 432, 00
574,368. 00

200,000.00

4,498,121. 00
63, 973.00
228, 891. 00
1, 214, 862. 00

6, 500. 65
99,995. 00
3, 850. 00
19,200. 00
25,000. 00
50,000. 00
16, 250. 00
50,000. 00

25,000.00
32,800.00
24,700.00
7, 700.00

198,499. 00
324,105.00
215, 772. 00
72,350.00
1,478,076.00
159, 533. 00
168, 795. 00
114, 075. 00
16, 520.00
16, 974. 00
158,618.00
197,067.00
129,318,00

8
g

H
pi)

o
t

w
o
H

W
tel

3
Q

4

National Border Bank of El Paso, Tex
First National Bank, Alma, Wis
Merchants National Bank, Grinnell, Iowa
First National Bank, Morgan, Tex_
First National Bank, Abbeville, Ala
First National Bank, Dodge Nebr
__
First National Bank, Algona, Iowa
First National Bank, Boise City, Okla
First National Bank, Allendale, S. C
First National Bank, Barnwell, S. C
First National Bank, Center, Tex
Farmers National Bank, Dodge Center, Minn_._
First National Bank, Torrington, Wyo
Parkesburg National Bank, Parkesburg, Pa
First National Bank, Buffalo, O k l a . . .
__
First National Bank, Oldham, S. Dak
First National Bank, Savoy, Mont
First National Bank, Spring Hope, N . C
Stoekmans National Bank, Columbus, Mont
First National Bank, Alexandria, Minn
First National Bank, Townsend, Mont
First National Bank, Rigby, Idaho
Peoples National Bank, H o t Springs, S. Dak
First N a t i o n a l B a n k , Sylvester, Ga
First N a t i o n a l B a n k , Salem, S. D a k
Jefferson C o u n t y National Bank, Rigby, I d a h o .
Neoga National B a n k . Neoga, 111
First N a t i o n a l B a n k , Mohall, N . Dak_
_
First National Bank, Excelsior Springs, Mo
Logan County National Bank, Sterling, Colo
First National Bank, Buena Vista, Ga
First N a t i o n a l B a n k , H a m p t o n , Ga
Perry National Bank, Perry, Iowa
Farmers National Bank, Hempstead, Tex
First National Bank, Crystal, N . Dak
National B a n k of Abbeville, S. C
_
Commercial National Bank, Charleston, S. C
First National Bank, Quincy, Fla
National B a n k of Commerce, Pierre, S. Dak
Black H a w k National Bank, Waterloo, Iowa
Lebanon National Bank, Lebanon, Tenn
First National Bank, Shelley, Idaho
First National Bank, Brinsmade, N . Dak
First National Bank, Atwater, Minn
First National Bank, Renville, Minn
First National Bank, Idabel, Okla
First National Bank, Pleasantville, Iowa
First N a t i o n a l B a n k , Cavalier, N . Dak
First National Bank, Stevensville, Mont
First National Bank. Wapanucka, Okla
First National Bank, Matoaka, W. Va




12487 Jan. 17,1924
8338 May 16,1906
2953 Apr. 28,1883
6247 May 3,1902
5987 Aug. 17,1901
7333 June 18,1904
3197 M a y 15,1884
11084 Aug. 30,1917
11111 Nov. 30,1917
11287 Jan. 9,1919
5971 Sept. 10,1901
6623 Feb. 4,1903
9289 Oct. 6,1908
Feb. 27,1880
Sept. 2,1907
Aug. 30,1912
10256
11199 M a y 29,1918
11431 M a y 6,1919
11220 July 12,1918
2995 June 9, 1883
9982 Jan. 31,1911
11385 June 13,1919
9166 May 23,1908
6180 Mar. 11,1902
5898 July 5,1901
11458 June 9,1919
7841 July 11,1905
7008 Sept. 17,1903
7741 M a y 5,1905
7973 Oct. 11,1905
7963 Oct. 12,1905
10089 July 13,1911
10130 Jan. 2,1912
4905 Apr. 15,1893
7918 Sept. 12,1905
3421 Oct. 16,1885
10543 M a y 5,1914
7253 M a y 4,1904
4279 Feb. 13,1890
6854 Apr. 17,1903
8714 Apr. 13,1907
11434 July 15,1919
8502 Dec. 11,1906
10570 June 15,1914
6583 Dec. 19,1902
Dec.
8486 Aug. 10,1906
2,1900
5564 Nov. 24,1911
10116 Feb. 4,1915
10709 Aug. 8,1901
5950 i Nov. 7,1918
11264

200 000
25, 000
50,000
35,000
27,500
25,000
50,000
25,000
50,000
50,000
30,000
30,000
25,000
50,000
25,000
25,000
25,000
50,000
50,000
60,000
50,000
30, 000
25,000
25,000
25,000
50,000
25,000
25,000
25,000
50,000
25,000
30,000
50,000
50,000
25,000
50,000
200,000
50, 000
75,000
100. 000
30,000
25,000
25, 000
25, 000
25,000
25, 000
25, 000
25, 000
25, 000
25,000
25, 000

52, 500.00
422, 500.00
40, 750.00
153,600.00
68,750. 00
142, 750. 00
6,000.00
20,000. 00
7,000. 00
31,000.00
43,500. 00
90,000. 00
171,865.00
40,250. 00
31,750.00
9,000.00
264,600. 00
26,000. 00
4,800. 00
27,916.00
49,000. 00
114,000. 00
12,500.00
86,250. 00
17,000.00
147,000.00
70,100. 00
27, 200.00
54, 250. 00
133,000. 00
36,300. 00
209, 500. 00
140,000. 00
127,000. 00
139,048. 00
145,600. 00
110,300. 00
38,000. 00
31,000. 00
88,000. 00
99,000. 00
23, 750. 00
29, 250. 00
10, 750. 00
82,250. 00
16,250. 00

200,000
25,000
100,000
35,000
100, 000
50,000
50,000
25,000
50,000
50, C O
O
50,000
30,000
50,000
50,000
25,000
25,000
25,000
50,000
50,000
60,000
50,000
80,000
25,000
50,000
25,000
50,000
25,000
25, 000
25,000
150,000
50,000
60,000
75,000
60,000
25,000
75,000
200,000
100, 000
100,000
200, 000
80,000
25,000
25,000
25,000
25, 000
80, 000
25, 000
25, 000
25, 000
25,000
50, 000

Oct. 30,1924
Nov. 7,1924
Nov. 12,1924
Nov. 13,1924
Nov. 14,1924
Nov. 22,1924
Nov. 24,1924
Nov. 25,1924
Dec. 3,1924
do
. do_ _
Dec. 9,1924
Dec. 16,1924
Dec. 26,1924
Dec. 27,1924
Jr5n. 3,1925
-do
Jan. 7,1925
do
Jan. 8,1925
_.do
—
Jan. 12,1925
Jan. 15,1925
do
Jan. 16,1925
Jan. 17,1925
Jan. 21,1925
Jan. 22,1925
Jan. 24,1925
Jan. 26,1925
do
Jan. 27,1925
Feb. 5,1925
Feb. 7,1925
,___do._ . _
_
do
do .
Feb. 11,1925
do
Feb. 13,1925
do
._ do
___do „ .
Feb. "(4,1925
do
Feb. 18,1925
Feb. 21,1925

do
Mar. 2,1925
do
Mar. 3,1925

A
A

B
c
C

C
A
A
A-B
A
A
A
B
A
A
B
B
A
B
C
A
C
B
B
A
A
B
A
B
B
B
A-C
A
B
C
C
A
A
C
B-C
B
B
A
B
A
A
B
C
B
A

24, 995. 00
100, 000. 00
25, 000. 00
$98, 500
6, 250

6, 250. 00
49, 600. 00
10, 000. 00
9,600. 00
48, 800. 00
48,900.00
29, 500.00
6,100.00
42,600.00
9, 700.00
25,000.00

59,400.00
12,500.00
5, 950.00
29,300. 00
24,500. 00

1, 375, 409. 00
203, 589. 00
998, 975. 00
51, 912. 00
145,412. 00
401,430. 00
656, 090. 00
136, 521. 00
185, 016. 00
96, 628. 00
245,341. 00
611,756.00
254, 693. 00
329,404.00
144, 088. 00
250, 588. 00
7,652. 00
264,867.00
137, 464. 00
843, 235. 00
80, 721. 00
466, 517. 00
156,143.00
53, 289. 00
158,184. 00

tel

i
o

o
o
g
fcd

24, 700. 00
24,700. 00
25,000.00
100,000. 00
48,400. 00
20,000. 00
72,300.00
49,197. 50
24, 600. 00
16,850,00

189,800

79, 500. 00
1895 800. 00
78,600. 00
19,600. 00
24,600. 00
10,000. 00
24,600.00
24, 700. 66
25, 000. 00
10, 000. 00
5, 550, 00
50, 000. 00

123, 243. 00
90,934. 09
212,086. 00
508, 452. 00
8L 597. 00
33, 214. 00
645, 027. GO
177, 720.00
256, 939. 00
413, 542. 00
1,003, 982. 00
348, 671. 00
683, 098,00
84, 724. 00
118, 712. 00
488, 436. 00
400, 700. 00
264, 653. 00
213, 392. 00
368, 224. 00
76, 421. 00
161,142. 00
571, 934. 00

o

I
o

a

to
CO

TABLE No. 42.—National banks in charge of receivers, year ended October 31, 1925, capital at date of organization and at date of failure,
causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited vrith Treasurer of the
United States to redeem circulation, and total deposits at date of suspension—Continued
Organization
Name and location of banks

900
901
902
903
904
905
906
907
908
909
910
911
)12
913
914
915
916
917
918
919
920
921
922
923
924
925
926
927
^8
qoq
930
931
932
933

First National Bank, Volant, Pa
_ ._
City National Bank, Clarksville, Tex
First National Bank, Montpelier, Idaho
First National Bank, Buhl, Idaho
.
Ficst National Bank, Lemmon, S. Dak
Commercial National Bank, Greenville, Tex _.
Farmers National Bank, Chandler, Okla
First National Bank, Bamberg, 8. C
First National Bank, Bandon, Oreg
Georgia National Bank, Athens, Ga
Osceola National Bank, Osceloa, Iowa
First National Bank, Wimbledon, N. Dak
First National Bank, Hedrick, Iowa
First National Bank, Jasper, Minn
First National Bank, Las Vegas, East Las
Vegas, N. Mex.
First National Bank, Conyers, Ga
Hugo National Bank, Hugo, Okla
First National Bank, Carnegie, Pa
_
Burgettstown National Bank, Burgettstown, PaFirst National Bank, Selma, N. C
First National Bank, Madison, S. Dak
Farmers National Bank, Louisburg, N. C
First National Bank, Florence, S. C.
First National Bank, Clear Lake, S. Dak
First National Bank, Crandon, Wis
_.
City National Bank, Hugo, Okla
First National Bank, Springer, N. Mex_
Merchants National Bank, Detroit, Minn
First National Bank, St. Cloud, Minn
First National Bank, Simla, Colo
First National Bank, Abercrombie, N. Dak
First National Bank, Wausa, Nebr
First National Bank, Redwood Falls, Minn
First National Bank, Lumberton, N. C




Charter
No.

Date

Capital

11834
10643
7381
11065
9269
7510
12060
11704
9718
6525
6033
6712
5540
6523
2436

June
Oct.
Aug.
Aug.
Oct.
Nov.
Nov.
Apr.
Feb.
Oct.
Oct.
Feb.
Aug.
Oct.
Aug.

14,1920
8,1914
9,1904
10,1917
16,1908
24,1904
25,1921
19,1920
25,1910
14,1902
8,1901
7,1903
11,1900
7,1902
25,1879

$25,000
25,000
25,000
50,000
25,000
100,000
25,000
30,000
25,000
100,000
25,000
25,000
25,000
25,000
50,000

11255
7747
4762
2408
10739
3149
10260
9747
6357
9387
12136
11565
8122
2790
11354
8419
9994
5826
7398

Sept.
Apr.
May
Jan.
May
Mar.
Aug.
Mar.
June
Mar.
Feb.
Oct.
Feb.
Sept.
May
Aug.
Mar.
Mar.
July

3,1918
11,1905
16,1892
25,1879
7,1915
29,1884
1,1912
23,1910
28,1922
16,1909
10,1922
18,1919
9,1906
25,1882
10,1919
25,1906
27,1911
11,1901
21,1904

75,000
50,000
50,000
50,000
30,000
50,000
50,000
100,000
25,000
25,000
100,000
50,000
50,000
50,000
25,000
25,000
50,000
25,000
25,000

Total dividends paid
during existence as a
national
banking
association

$95,000.00
75,250. 00
25,000. 00
35, 750. 00
158,000.00
7, 500. 00
12,750.00
716,000. 00
15,000. 00
39,500. 00
51,750. 00
94,600. 00
506,500.00
145,, 100. 00
466, 750. 00
444,500.00
11,400.00
216,355.00
11,000.00
167,000.00
65,000.00
49,125.00
9,500.00
110, 500. 00
401,000.00
11, 750. 00
87,500. 00
94,550. 00
72,250. 00

GO
OO

Failures

Capital

Receiver
appointed

Circulation
Lawful outstanding
money
Cause deposited at date of
of
failure
failure

$25,000
200, 000
50,000
100,000
50,000
150,000
25,000
45,000
25,000
400,000
25,000
25,000
25, 000
30,000
200,000

Mar. 7,1925
Mar. 9,1925
Mar. 13,1925
Mar. 26,1925
Apr. 2,1925
Apr. 6,1925
Apr. 10,1925
do
Apr. 13,1925
Apr. 17,1925
Apr. 22,1925
Apr. 23,1925
Apr. 24,1925
May 1,1925
May 4,1925

A
B
B
B
B
C
A-B
A-B
A
B
A
C
B
B
A

75,000
200,000
100,000
100,000
30,000
50,000
25,000
150,000
25,000
50,000
100,000
50,000
60,000
250,000
25,000
25,000
75,000
70,000
50,000

May 12,1925
_____do
do__.
May 14,1925
May 16,1925
May 21,1925
May 22,1925
do
May 25,1925
May 29,1925
June 5,1925
June 15,1925
June 22,1925
June 24,1925
June 25,1925
June 30,1925
July 9,1925
July 29,1925
Aug. 4,1925

B
B
A
A
B
B-C
A
A
B
A
C
C
C
A
A'
B
B
A
A

$11,800.00
49,400. 00
25,000.00
149,995.00

$19,800

124,000

15,000.00
200. 000.00
25,000.00
25,000.00
19,800. 00
29, 500. 00
200,000. G
O
27,700.00
19,800.00
95, 000. 00
98,400. 00
8,800.00
30,900. 00
23, 200. 00
124,000. 00
25,000. 00
45, 200.00
56,700.00
24,100.
50,000.
24,400.
46,600.

00
00
00
00

Total
deposits at
date of suspension

$178,107.00
108, 596. 00
335, 821. 00
237,493. G
O
418,4 £3. 00
638,350.00
319.134.00
54,107. 00
181, 264.00
1,200, 239.00
129, 258. 00
161,727.00
147,483. 00
374,936. 00
828, 256.00
133,181. 00
968, 533.00
1,448, 397. 00
1,698, 546. 00
181, 216.00
399, 861.00
76, 255. 00
1,137, 989.00
384, 311.00
350,144. 00
235, 854.00
150,655. 00
491, 438. 00
1,682, 525.00
67, 344. 00
224, 370. 00
511,612.00
377,128. 00
392,492.00

Si

o
o
H
O

H
o

o

934 First National Bank, Walters, Okla
936
937
940
941
942
943
944
945
946
947

First National Bank, Lake Park, Minn
First National Bank, Sheyenne, N. Dak
First National Bank, Devol, Okla
First National Bank, Dell Rapids, S. Dak..__
Globe National Bank, Denver, Colo
First National Bank, Libby, Mont
First National Bank, Warren, Minn
First National Bank, Winifred, Mont
First National Bank, Hallock, Minn
First National Bank, Buffalo, Minn.
Manilla National Bank, Manilla, Iowa___
Loveland National Bank, Loveland, Colo
Winner National Bank, Winner, S. Dak

6612
7143
8886
11535
3508
11623
9594
5866
11006
6934
11023
6041
8116
12024

.) an.
Feb.
Aug.
Nov.
Apr.
Feb.
Oct.
May
May
Aug.
June
Nov.
Feb.
Sept.

10.1903
10.1904
28,1907
4.1919
21.1880
5.1920
25,1909
18,1901
17,1917
5,1903
7,1917
12,1901
14,1906
20,1921

25, 000
25, 000
25,000
25,000
50,000
200,000
25,000
25,000
25,000
25,000
25,000
25,000
100,000
60,000

62, 250. 00
33, 500. 00
28, 750. 00
198, 775. 00
66, 000. 00
52, 800. 00
81, 250. 00
8,000.00
84,450. 00
14,000.00
41,875. 00
133,000. 00

15,452,500 30,412,020.10

Total-.

A=Fraudulent management.
B=Localfinancialconditions.
C=Closed by run.




50,000 | Aug. 6,1925
25,000 I Aug. 24,1925
25,000 • Sept. 8,1925
25,000 Sept. 17,1925
60,000 Sept. 26,1925
200,000 Oct. 1,1925
40,000 Oct. 6,1925
50,000 Oct. 10,1925
25,000 Oct. 15,1925
60,000 Oct. 16,1925
50,000 Oct. 17,1925
25,000 Oct. 20,1925
100,000 Oct. 22,1925
60,000 Oct. 24,1925
23,105,000

B
A
B
B
B
A
C
B
B
C
A
A-B
B
B

25,000.00
24,500.00
9,600
59, 500.00
24, 700.00
24,600. 00
24,600: 00
34,600.00
18,450.00
100, 000.00

159,040.00 \
309,344.00
142,503.00
29,765.00
498,219.00
4,020,485.00
218,272. 00
382,775. 00
62,483.00
350,056. 00
668, 508.00
127,950.00
490,791.00
71,852.00

2,770, 642 12,158,802.00 135,994,732.00

AB = Fraudulent management and localfinancialconditions.
AC = Fraudulent management and closed by run.
BC=Localfinancialconditions and closed by run.

8
o

W

9
o

bo
CO
CD

240

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National

banks in charge of receivers, dates of

organization,

amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October SI, 1925

Title and location of banks

Farmers & Drovers National Bank, Waynesburg, Pa..
First National Bank, Billings, Mont.
_
Mount Vernon National Bank, Mount Vernon, N. Y__
Second National Bank, Clarion, Pa
Traders National Bank, Lowell, Mass
Mesa County National Bank, Grand Junction, Colo—
First National Bank, Pensacola, Fla
First National Bank, Sutton, W. Va_
First National Bank, Uniontown, Pa_
First National Bank, St. Cloud, Fla.First National Bank, Bluffton, Ohio
First National Bank, Newman, Calif
--First National Bank, Eureka, S. Dak_-_First National Bank, Fairfleld, Idaho.
.-First National Bank, Medina, N. Dak___
First National Bank, Tower, N. Dak
First National Bank, Hearne, Tex
„
Farmers National Bank, Cooper, Tex
First National Bank, Gridley, Calif
First National Bank, Cut Bank, Mont
Commonwealth National Bank, Reedville, Va
Picher National Bank, Picher, Okla...
First National Bank, Ranger, Tex
Emmetsburg National Bank, Emmetsburg, Iowa
First National Bank, Beaver, Pa
Corn Belt National Bank, Scotland, S. Dak
First National Bank, Ambia, Ind__
First National Bank, Desdemona, Tex
First National Bank, Sipe Springs, Tex
First National Bank, Marcus, Iowa
First National Bank, Sidney, Nebr
First National-Bank, Bridgeport, Nebr
Bannock National Bank, Pocatello, Idaho
First National Bank, Crawford, Tex_.
First National Bank, Moran, Tex
Havre National Bank, Havre, Mont
First National Bank, Joplin, Mont
National Bank of Cleburne, Tex
Peoples National Bank, National City, Calif
United States National Bank, Vale, Oreg.
First National Bank, Vale, Oreg—
First National Bank, Burley, Idaho
Edwards National Bank, Booker, Tex__
Farmers National Bank, Big Sandy, Mont
First National Bank, Wendell, Idaho
Stockmans National Bank, Poplar, Mont
Stillwater Valley National Bank, Absarokee, Mont
First National Bank, Seeley, Calif
_.
National City Bank, Salt Lake City, Utah
Second National Bank, Elkton, Md
First National Bank, Myton, Utah
State National Bank, Ardmore, Okla
Corydon National Bank, Corydon, Ind__.
First National Bank, Oak Grove, La
Farwell National Bank, Farwell, Tex
_
First National Bank, Spencer, Nebr
First National Bank, Ingomar, Mont
_
.,,_
American National Bank, Billings, Mont
First National Bank, Fresno, Mont
_
Merchants National Bank, Wimbledon, N. Dak
_.
First National Bank, Hope, N. Mex
_
First National Bank, Mountainair, N. Mex
First National Bank, Lawton, Okla.
_
First National Bank, Colusa, Calif.
Commercial National Bank, Great Falls, Mont
Sterling National Bank, Sterling, Colo
Payette National Bank, Payette, Idaho
*
First National Bank, High wood, Mont
_
Citizens National Bank, Laurel, Mont..
First National Bank, Magdalena, N. Mex
First National Bank, Broadview, Mont
Commercial National Bank, Wilmington, N. C
_
First National Bank, Winner, S. Dak
._
First National Bank, Wessington Springs, S. Dak
First National Bank, Rupert, Idaho
First National Bank, Warren, Mass


469
513
515
523
531
533
542
549
554
589
590
591
593
594
596
597
598
599
600
601
603
605
606
607
610
611
612
613
615
616
617
619
620
621
623
625
626
628
630
632
633
634
635
638
640
642
643644
645
646
648
649
650
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674

Date of
organization

Feb. 25; 1865
Dec. 27,1883
Dec. 11,1906
Sept, 12,1883
iTune 10,1892
May 31,1905
Aug. 10,1880
Aug, 17,1902
Feb. 20,1844
Mar. 24,1912
Nov. 19,1900
May 29,1910
Nov. 28,1919
Mar. 30.1912
Apr. 24,1914
Sept. 29.1905
July 5,1894
Sept. 24,1914
Mar. 14,1918
Oct. 5,1900
Jan. 6,1916
Feb. 3,1920
Jan. 26.1906
Dec. 23,1905
Feb. 10,1888
May 28,1917
July 30.1909
Sept. 2,1919
Nov. 6,1919
June 22.1910
Mar. 12,1902
Feb. 23,1910
July 15,1902
May 19.1913
June 5,1916
May 18,1910
Nov. 11,1916
May 6,1889
June 21,1909
July
Jan. 14.1907
Feb. 20.1913
May 4.1919
July 25,1917
June 30,1909
Feb. 17,1917
Aug. 11,1917
Sept. 5,1913
Nov. 19,1912
Aug. 12,1889
Apr. 10,1920
May 6,1913
May 23,1905
Mar. 2.1920
Aug. 5.1921
Jan. 18,1904
Aug. 16,1919
Apr. 5.1920
Oct. 3,1917
Sept. 17,1907
May 3,1909
Apr. 3,1919
July 18.1901
July 1,1911
Apr. 20.1914
May 2.1921
Jan. 9,1906
Dec. 29,1917
May 3,1907
Aug. 27.1912
Nov. 26.1915
Apr. 17; 1922
Dec. 15,1917
Sept. 25.1902
July 20.1913
Nov. 14,1919

Capital
stock

$200,000
150, 000
200,000
50, 000
200,000
100, 000
500,000
50,000
100, 000
50, 000
50,000
50,000
50,000
25,000
25,000
25,000
50,000
50,000
40,000
50,000
25,000
100,000
200, 000
50,000
50,000
25,000
25,000
25,000
25, 000
50, 000
50,000
25,000
100,000
30,000
25,000
50,000
25,000
150,000
25,000
75,000
50,000
30,000
25,000
25,000
25,000
25,000
25,000
25,000
250,000
50,000
25,000
200, 000
125,000
50,000
25, 000
100, 000
25,000
150, 000
25,000
25,000
25,000
30,000
200,000
150,000
200,000
150,000
75,000
25,000
35,000
50,000
25,000
200, 000
30, 000
50,000
25,000
50,000

Receiver

appointed

Dee. 12,1906
July 2,1910
Apr. 19,1911
June 21,1912
Oct. 20,1913
Nov. 29,1913
Jan. 22,1914
Aug. 29,1914
Jan. 19,1915
Jan. 2,1918
Nov. 17,1919
Jan. 31,1920
Aug. 20,1920
Aug. 26,1920
Dec. 20,1920
Dec. 28,1920
Jan. 21,1921
Jan. 28,1921
Jan. 29,1921
do.
Feb. 16,1921
Feb. 21,1921
Mar. 2,192i
Mar. 11,1921
Mai\ 26.1921
Mar. 28,1921
Apr. 5,1921
Apr. 7,1921
Apr. 18,1921
M a y 18,1921
M a y 27,1921
M a y 28,1921
June 11,1921
June 16,1921
Aug. 29,1921
Sept. 16,1921
do.
Oct. 27,1921
Nov. 7,1921
Nov. 15,1921
do.
Nov. 30,1921
Dec. 12,1921
Jan. 3,1922
Jan. 5,1922
Jan. 28,1922
Jan. 30,1922
do
Feb. 3,1922
Feb. 18,1922
Feb. 24,1922
Mar. 4,1922
Mar. 8,1922
M a y 13,1922
June 26.1922
July 14,1922
Aug. 14,1922
Sept. 23,1922
Oct. 26,1922
Oct. 27,1922
Oct. 30,1922
Nov. 2,1922
Nov. 18,1922
Nov. 22,1922
Dec. 9,1922
Dec. 11,1922
Dec. 13,1922
Dee. 29,1922
Jan. 4,1923
Jan. 18,1923
Jan. 30,1923
Jan. 31,1923
do.
Feb. 5,1923
Feb. 7,1923
Feb. 23,1923

REPOET OF THE COMPTROLLER OF THE CURRENCY

241

appointment of receiver, and closing, with amounts of nominal oMd additional
assets, expenses of receiverships, claims proved, dividends paid, and remaining

Nominal assets at date of suspension
Estimated
good
$814,783
•1,087,304
158, 243
126,110
1,610, 082
200,412
1,488, 390
310, 050
1,080, 785
98, 696
453, 226
260, 893
750, 777
279, 978
236, 201
40,132
84,309
633, 714
133, 615
91,852
260, 982
177, 077
741, 218
390,4.67
426, 383
217, 255
91,391
49, 505
33,994
147,933
203,698
91,326
678,103
9,467
54, 232
298, 018 ,
13, 361
1,337, 969
269, 826
184, 455
29,968
486, 036
40, 627
14, 794
140, 281
15, 898
101,355
46,108
2,146, 734
144, 713
40, 431
C40, 092
930, 940
39, 333
31, 362
559,918
48, 652
165, 067
6,164
57,132
121, 564
308, 039
300, 994
128, 697
447, 804
241,183
63, 743
27,638
63, 740
101, 460
40, 657
926, 972
141, 052
106, 852
33, 782
129, 794

Estimated
doubtful
$2,013,406
505,016
413, 533
294, 805
1,603,429
248, 785
507,052
80, 899
2,388. 710
138, 332
121, 751
454,549
192,169
78,894
124, 538
66,665
273, 349
109,437
27,037
280, 553
20,154
133,918
1,864,464
251, 835
220, 623
198, 069
38,298
55,484
99,097
139, 231
215,324
72,899
735, 340
167, 320
40,987
238, 211
8,751
483, 862
100,137
590, 820
286, 691
412, 057
99, 544
22, 211
26,883
102,418
139,877
44, 581
1,367, 227
182, 485
36,120
913, 996
394, 591
75, 957
21, 278
413, 718
137, 880
270, 200
39, 358
118, 292
• 9,461
22, 802
408, 661
405, 565
1,189, 442
463,971
123, 049
187, 644
102, 694
354,749
74,842
1,226, 912
149, 236
223, 691
198, 932
17,771




Estimated
worthless
$130,499
552, 201
199, 574
19,305
30,913
165, 264
401,445
27, 210
47,999
210,960
6,352
510, 587
32, 303
125, 972
1,553
222, 960
144,913
149,358
372, 056
59,651
238
67,741
264,810
35, 790
75,048
50,999
18,935
56, 700
30,441
227, 297
20, 660
34,264
307,421
38, 667
34,323
189,443
63,552
764, 506
83. 608
154; 190
76,745
195, 347
40,852
41. 507
32,406
41, 613
14, 313
31,417
80, 930
98, 732
19, 985
26,058
351, 628
19, 564
93, 956
247, 210
119, 042
309, 219
22,935
21, 981
37, 766
802
646, 628
402, 098
424, 765
270, 603
168,413
37,428
205,526
54, 724
39, 793
548,872
53,935
382,175
186, 403
2,118

Additional
assets received since
d a t e ©f

Total assets

Offsets
allowed
a n d settled

Loss on assets
compounded
or sold u n d e r

suspension
$2,061,287
635, 679
225,464
54, 821
129, 702
51,957
1, 072, 631
35,403
971, 020
37, 527
96, 831
195,438
• 172,182
72, 763
43,444
53, 364
81, 282
11,160
68, 265
41, 948
43,458
15, 291
78, 245
26,961
82,856
59, 873
68, 111
11, 308
7,250
105, 724
53,604
28,425
261,312
4,729
4,138
53, 637
7,824
122, 671
48,480
104, 479
59,845
48,443
27, 350
2,465
17, 524
6,421
12, 971
10, 676
508, 979
21,188
14,106
58,010
128, 275
22, 036
21,493
45, 276
19, 617
63,371
2,978
26, 399
26,344
15, 441
94,915
105, 937
179, 033
59,486
44,161
15,920
13,413
22, 860
5,243
140, 610
28,062
42, 451
13, 546
3,448

$5,019,975
2, 780, 200
996, 814
495, 041
3,374,126
666,418
3,469, 518
453, 562
4,488, 514
485, 515
678,160
1,421,467
1,147, 431
557, 607
405, 736
383,151
583, 853
% 903,667
600, 973
474,004
324, 832
394,027
2,948,737
704, 053
804, 910
526,196
216, 735
172, 997
170,782
620,185
493, 286
226, 914
1,982,176
220,183
133, 680
779, 309
93, 488
2,709,008
502, 051
1,033, 944
453, 249
1,141, 883
208, 373
80, 977
217, 094
166, 350
268, 516
132, 782
4,103, 870
447,118
110, 642
1,638,156
1,805, 434
156, 890
168, 089
1,266,122
325,191
807, 857
71,435
223,804
195,135
347, 084
1,451,198
1,042, 297
2, 241,044
1, 035, 243
399, 3fi6
268. 630
385, 373
533, 793
160, 535
2,843, 366
372, 285
755,169
432, 663
153,131

$546,299
218, 280
39,047
49,067
148, 383
32,124
647,368
12,883
330, 370
46,714
117,703
195,196
96,311
175,417
25,087
57, 561
20,192
794,387
30,651
37,971
32,640
11,372
276,996
23,304
73,110
53, 991
38,133
4,165
7,422
10,633
19, 598
12, 292
89, 996
4,668
3,556
27, 322
1,095
247, 725
74,453
17,383
12, 774
101,936
13,493
1,490
14, 947
768
4,015
•7,685
149, 915
7,128
5,415
112, 952
81, 094
35, 352
27, 296
46, 392
12,409
13,460
2,424
14,156
26, 203
18, 551
42, 620
25, 548
192,070
60, 931
24,117
" 3.814
10; 247
40. 839
534
679,038
21,466
9,368
5, 884
12, 733

$1,422,733
131,667
594; 714
94,935
379,443
208, 279
690, 699
36,668
199,098
27,629
77,275
579, 534
23,818
191,118
227,181
132,945
111,955
56, 346
99,152
25,888
17,669
70,338
410, 050
239,477
29,080
16,136
67,422
44,269
20,552
53, 585
232,302
26,109
247,839
120, 953
16, 052
20,130
3,963
388, 076
70, 650
18,123
29.703
51,895
8,233
49,127
32, 953
2, 823

469
513
515
523
531
533
542
549
554
589
590
591
593
594
596
597
598
599
600
601
603
605
606
607
610
611
612
613
615
616
617
619
620
621
623
625
626
628
630
632
633
634
635
638
640
642
643
24, 864 644
132, 741 645
39, 686 646
11,129 648
35, 082 649
36, 083 650
31,455 652
26,160 653
219, 939 654
11,498 655
656
27,160 657
3, 211 658
78, 032 659
660
727, 256 661
112, 083 662
56,616 663
59, 016 664
28,135 665
4,415 666
667
668
75 669
146, 968 670
671
61,184 672
18, 720 673
9,706 674

242

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National banks in charge of receivers, dates of organization,
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued
Nominal
value of
remaining
uncollected
assets
469
513
515
523
531
533
542
549
554
589
590
591
593
594
596
597
598
599
600
601
603
.605
606
607
610
611
612
613
615
616
617
619
620
621
623
625
626
628
630
632
633
634
635
638
640
642
643
644
645
646
648
649
650
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667

Assets
returned
to stockholders'
agent

$1,454,409
558,696
51,871
157, 781
105,652
318, 593
29, 255
572, 540
253, 426
234,920
93, 793
230,881
46,883
199,147
164,793
754,168
255,480
213,448
81,511
93, 552
191,218
75,640
706, 329
48, 532
416, 474
52,102
907,935
89, 851
530, 540
237, 876
685,000
67, 567
51, 605
118, 539
145, 331
32,172
1, 284, 384
130, 414
65, 532
766,950
502, 254
41, 224
40, 771
580, 209
199,125
630,926
23, 803
146, 344
6,990
235, 739
172, 289
390,930
1, 316, 345
520, 564
218,893
180,538
268, 856
331, 493
123,186
1, 623, 677
194, 016
396, 520
279,529
3,348




Collected
from
assets

$1, 596,534
1,871,557
363,053
299,168
2,688, 519
320,363
1,812,858
394, 756
3,386, 506
157, 746
483,182
646,737
792, 382
191, 072
153,468
98,852
220, 825
6,051,
272, 023
127, 259
274, 523
147, 524
1, 507, 523
441, 272
447, 240
242,621
111, 180
43, 052
49, 256
364, 749
241, 386
112,873
938,012
94, 562
64,940
315, 383

Collected
Total
from
assessment collections
upon share- from all
sources
holders

Secured
and
preferred
liabilities
paid

Dividends
paid

$283,600 $1,286,325
$149, 271 $1,745,805
1,387,675
301,469
7,500 1,879, 057
281, 231
445,783
92, 561
82,730
269, 707
29,271
328,439
8,107
2, 660, 220
91,072 2, 779, 591
31, 588
35,135
355, 498
239, 033
28,192
73, 748 1, 886, 606
1, 472, 354
293, 584
25,180
419,936
315, 272
24,132
3, 386, 506 1,029, 350 1,665, 598
202,906
139, 774
25, 282
" 45,160
531, 082
422, 775
32, 792
47, 900
691, 558
' 415,511
224,189
44, 821
821,132
301, 442
423,101
28, 750
200,306
99, 016
9,234
34, 042
159, 688
6,220
117, 040
22,040
115, 052
16,200
53, 238
33, 396
255,171
34, 346
126, 569
63,642
46, 900
52,951
46,900
19, 798
291,821
46,467
200, 727
5,150
132,409
73,895
17, 470
156,131
291,993
109, 967
29,188
176,712
55,246
70,989
17,120 1, 524,643 1,188, 008
222, 015
30, 528
258, 060
471,800
181,875
40, 613
380,926
487,853
57,821
15,314
257,935
53,985
97,855
130,446
47,400
19, 266
51, 477
46, 776
12, 312
3,724
21, 794
62,247
22, 820
12,991
385, 023
297, 630
43, 850
20, 274
132, 529
251, 205
86, 464
9,819
3,000
115, 873
33, 695
53, 433
114, 572
40, 409
978,421
783,157
2,745
3,600
98,162
84,128
28,000
10, 318
75,258
29, 501
50, 946
12, 975
328, 358
213,169
5,006
6,258
42, 586
22, 973
1,165, 272
147, 603
46, 546 1, 211, 818 1, 007, 795
267, 097
172, 416
10,000
277, 097
67, 210
467, 898
38, 024
9,200
477, 098
398,159
172, 896
15, 476
11, 759
184, 655
142, 830
303,052
11,348
314, 400
242, 300
129,080
21,315
9,613
138, 693
93,012
30,360
5,404
10, 048
40, 408
19, 961
12, 419
117, 589
5,176
122, 765
85, 662
44, 220
614
44, 834
37,136
119,170
3,625
122, 795
95, 693
68, 061
8,799
9,854
77, 915
56, 581
2, 536, 830
950, 250
185,330 2,722,160 1,683,456
269, 890
151,149
21, 600
291, 490
102, 328
28, 566
12,466
41,032
16, 766
723,172
72,596
795, 768
489, 675
235,080
1,186, 003
29,546 1,215, 549
512, 049
662,095
10, 308
48, 859
59,167
25,194
8,596
73, 862
77, 822
3,960
57,123
419, 582
427, 228
7,646
304, 818
102,159
106, 956
4,797
92, 922
209, 379
163, 471
45,908
79, 644
57, 990
18,048
7,812
25, 860
8,028
4,746
60, 093
10, 397
44, 802
70, 490
83,910
8, 350
63, 640
92, 260
15, 508
92, 794
7,900
47, 506
100, 694
509, 033
181, 857
523, 833
14,800
152, 940
447, 041
513, 736
649, 948
136, 212
107, 595
433, 581
676, 013
847, 082
171, 069
216,879
384, 259
394, 732
453, 413
58, 681
168, 634
128, 221
40, 413
80, 273
46,426
79, 863
3,428
83, 291
46, 240
17,173
106, 270
3,900
110,170
64,717
9,692
161, 461
171,153
127,101
36, 740
12, 500
49, 240
26,438
393, 683
84,382
128,142
478, 065
150,166
156, 803
14,000
144,461
170, 803
288, 097
2,400
290, 497
200, 909
128, 530
3,369
131,899
94,692
127,344
19, 500
146,844
1,610
111, 702

Legal

expenses

$51, 748
26,404
41,396
9,228
15,851
6,383
32, 454
39,166
62, 013
4, 454
10,631
10, 395
37, 922
9,868
2,758
5,450
9,440
3,152
6,537
3,071
2,018
4,046
34, 073
6, 653
2,555
13,462
6,148
1,131
3,689
9,297
6,487
4, 718
13, 489
804
842
5,243
589
10, 581
285
' 2,864
2,824
3,160
2,967
739
765
265
1,007
2,037
10,473
5,846
461
3,500
7,078
974
932
7,723
994
6,001
1,312
1,387
572
4,393
4,354
3,492
6,804
5,968
5,471
568
1,189
2,040
133
15,639
1,553
. 2,105
433
9,677

243

REPORT OF THE COMPTROLLER OF THE CURRENCY

appointment of receiver, and closing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining

Balance i n
Receivers'
hands of
salary
comptroller
a n d other
and
expenses
receiver
$68,434
143,152
30, 595
23, 476
68,124
30, 321
68, 592
25, 864
135 279
22, 420
32, 653
41,463
53, 350
31, 243
9,737
17, 830
22, 412
2.854
23', 766
23, 502
23, 877
24, 233
40,113
25,212
16,615
39,904
19, 743
9,930
19,930
27, 309
25, 725
13, 612
62,196
9,922
11, 243
29,430
13,135
35,453
25 289
23,397
18 517
21,158
19,906
14, 304
16,491
2,438
15, 359
9 677
39 944
23,647
15, 326
48, 022
24,306
11 533
11,064
31 921
12,950
25,144
3,674
8,245
8,237
20,750
-29,646
24 362
38, 786
24, 555
20 413
5,634
11 587
17 186
10, 395
27 994
14, 229
33, 058
13 395
10, 552

Amount
returned
to shareholders i n
cash

$200, 000
150,000
200, 000
50, 000
200, 000
100, 000
500, 000
50, 000

$55.698
20; 357
17, 921
3, 808
51, 569
19, 622
15, 502
144 266
10,976
32, 231
5,317
26,137
8,113
5, 138
33?108
45
14, 324
31, 941
22, 198
40, 434
29, 936
52. 729
5,678
1,609
15, 808
5,937
10,415
15,007
563
5,672
29, 570
883
10,386
11,897
14,654
5,008
47, 782
1,493
7,428
4,995
10, 736
821
38,037
8,520
8,479
19,491
10,021
12 870
8,703
82, 766
90
40,600
8,100
16,056
4,303
28,045
155,036
67 458
151,032
38, 631
16 051
13, 676
32,677
24 826
12,274
156 124
10, 560
54, 425
23 379
13, 303




A m o u n t of
assessment
upon
shareholders

$350 000
50, 000
50, 000
50,000
50, 000
25, 000
25, 000
25, 000
50, 000
50, 000
40, 000
50, 000
25, 000
100. 000
100, 000
50, 000
50. 000
25, 000
25, 000
25, 000
25, 000
50, 000
50, 000
25, 000
100,000
30, 000
200, 000
50,000
25, 000
150,000
25, 000
75, 000
50 000
30, 000
25,000
25, 000
25, 000
25, 000
25, 000
25, 000
250 000
50, 000
25,000
200, 000
125, 000
50 000
25,000
100,000
25,000
150,000
25,000
25,000
25, 000
30, 000
200,000
150 000
200, 000
150, 000
75 000
25, 000
35 000
50 000
25,000
200 000
30,000
50, 000
25 000
50,000

Amount
of claims
proved

$1, 570, 643
1, 850,300
' 447, 891
323, 761
2, 830, 343
478. 085
1, 882, 658
350, 303
1 395, 738
346, 509
497,496
839, 436
801,165
325, 939
308, 005
295, 775
315, 777
850, 574
439, 651
243, 528
176, 039
249, 6.13
1, 230,185
421, 293
634, 867
352,119
94, 800
123,129
111, 962
146,167
306,189
112,324
1, 527,475
137, 258
70, 054
510, 631
44, 650
2,960, 568
172,416
759, 704
310, 432
887, 338
57, 865
51,487
83, 814
79, 789
99, 714
43, 717
1, 583,927
251,911
783' 612
946, 850
41, 654
55, 770
699, 851
200,947
580,405
47,458
170, 564
155, 098
188, 504
1,019, 606
484 764
1,452, 421
444,978
204, 732
228, 990
208 179
330, 052
82, 762
1,477 466
291, 886
64, 084
296, 450
279, 255

Interest
Dividividends
Finally closed
(per cent) dends
(per cent)

75
75
58. 85
82
94
50
77.50
90
100
40
85
49. 50
50
30
6.67
18
42

Sept. 30,1925

469
513
M5
531
533
542
549
554
589

100

nQO

Dec. 31,1924
593
594

10
Oct. 27,1925

88.67
30
17
60.75
60
15
50
10

Oct. 28,1925

30
43.25
30
7.50
2
40
10
10
5
50
5
5

Jan.

13,1925

597
598
599
600
601
603
605
606
607
610
611
612
613
615
817
619
620
621
623
625

mn
628
630
632
633
634
635

20
10.50
15

Sept. 30,1925

20
60
60
30
75
20

640
642
643
644
645
646
648
649
650
652
654
655
656
657
658

16

10
10

660
661

15
20
15

663
664
665
666
667

20
7.50

10

40

t

669
670
671
67?
673
674

244

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. '43.—National banks in charge of receivers, dates of orgoAiization,
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued

Title and location of banks

Date of
organization

First National Bank, Harlowton, Mont
First National Bank, American Falls, Idaho
First National Bank, Clifton, Ariz
Springfield National Bank, Springfield, Ohio
First National Bank? Roundup, Mont
First National Bank, Gregory, S. Dak
—
First National Bank, Bottineau, N. Dak
Llano National Bank, Llano, Tex
Farmers & Merchants National Bank, Jefferson, Iowa_.
City National Bank, Jerome, Idaho
First National Bank, Nampa, Idaho
First National Bank, Rock River, Wyo
First National Bank, Highland, Wis
First National Bank, Joseph, Oreg-Peoples National Bank, Salisbury, N. C
First National Bank, Big Sandy, Mont
_
First National Bank, Willow City, N. Dak.
First National Bank, Grandfield, Okia
_
First National Bank, Sapulpa, Okla
First National Bank, Chester, Mont.-First National Bank, Henryetta, Okla
First National Bank, Carroll, Nebr
First National Bank, Colquitt, Ga___
First National Bank, Shelby, Mont
Fairiield National Bank, Fairneld, Iowa_._
Howard National Bank, Howard, S. Dak___
Roundup National Bank, Roundup, Mont
First National Bank, Oswego, Mont
First National Bank, Lovington, N. Mex___
First National Bank, Wells, Minn
_-.
First National Bank, Mitchell, S. Dak
Cavalier County National Bank, Langdon, N. Dak
American National Bank, Three Forks, Mont
Lehigh National Bank Lehigh, Okla
City National Bank, Coalgate, Okla
First National Bank, Grey Eagle, Minn
_„_
First National Bank, Fair view, Mont
First National Bank, Carter, Mont
First National Bank, Hemingford, Nebr
Union National Bank, Beloit, Kans
Texas County National Bank, Guymon, Okla
Tucson National Bank, Tucson, Ariz
National Bank of Barnesville, Ohio
Citizens National Bank, Roswell, N. Mex
First National Bank, Lancaster, Minn___
First National Bank, Tolley, N. Dak
Citizens National Bank, Crosby, N. Dak
First National Bank, Turtle Lake, N. Dak
First National Bank, Soper, Okla
First National Bank, Springfield, S. Dak
Farmers National Bank, Tishomingo, Okla
First National Bank, Seale, Ala
First National Bank, Manville, Wyo__.
First National Bank, Woodworth, N . Dak
First National Bank, Lenapah, Okla
First National Bank, Poplar, Mont
First National Bank, Lansford, N. Dak
First National Bank, Forsyth, Mont
Condon National Bank, Condon, Oreg
First National Bank, Moore, Mont
Miners National Bank, Henryetta, Okla
First National Bank, Schulter, Okla
Merchants National Bank, Mandan, N. Dak
First National Bank, Webster, S. Dak
First National Bank, Dodson, Mont
Sioux Falls, National Bank, Sioux Falls, S. Dak
First National Bank, Sentinel Butte, N. Dak__
First National Bank, Beach, N. Dak
First National Bank, Bisbee, N. Dak
National Bank of Carlsbad, N. Mex
Dakota National Bank, Dickinson, N. Dak
First National Bank, Lusk, Wyo
_„„
First National Bank, St. John, Wash
First National Bank, Warroad, Minn
_
„.._
First National Bank. Brookings, S. Dak—_

Oct. 27,1908
Aug. 1,1907
May 14,1901
Jan. 17,1882
May 22,1908
Feb. 22.1907
Dee. 17,1901
Jan. 5.1901
Dec. 28,1911
Dec. 22,1919
Sept. 15.1906
Apr. 24.1919
June 14,1916
Dec. 11,1905
Mar. 10.1908
May 9.1917
Apr. 18,1903
Apr. 24.1911
Aug. 19.1901
Nov. 15i1917
June 29,1903
Aug. 21,1901
Oct. 3.1902
Dec. 14.1916
Dec. 24,1967
Aug. 13.1915
Oct. 26,1914
Jan. 8.1918
May 26.1917
Dec. 12,1891
Feb. 8,1882
Jan. 28.1908
Apr. 30,1917
Feb. 14.1901
Mar. 10.1920
May 28.1907
Aug. 26.1921
Apr. 25,1917
July 27.1912
Mar. 24,1903
Mar. 21,1923
Feb. 21,1918
Jan. 29,1903
Apr. 20.1903
May- 14,1919
May 17.1905
Apr. 14,1914
June 8,1907
Apr. 15.1913
Oct. 2,1907
July 23.1913
Sept. 28.1914
May 1,1918
Apr. 26,1919
Aug. 18,1919
July 28.1916
Mar. 16.1906
June 10.1904
Mar. 24,1906
Jan. 7,1907
Feb. 20.1913
Mar. 5,1917
Aug. 24.1914
Nov. 19.1902
Aug. 23.1917
Nov. 14.1882
Feb. 10.1915
May 26.1909
Apr. 1.1903
July 8,1903
Mar. 4,1905
June 23,1919
Mar.
Aug. 11.1918
4,1920
Nov. 15.1883




Capital
stock

$50,000
50, 000
100, 000
100, 000
50,000
50,000
50, 000
50,000
40, 000
30, 000
200, 000
50, 000
25,000
25,000
100,000
25,000
25,000
50, 000
100, 000
25,000
50. 000
50', 000
50, 000
25,000
60,000
25.000
25, 000
25,000
30, 000
100,000
100,000
25,000
25. 000
35, 000
50, 000
25,000
40, 000
25,000
25, 000
50,000
25,000
100,000
100, 0C0
200, 000
25,000
25, 000
25, 000
25,000
30,000
25, 000
25, 000
25,000
25,000
25, 000
25,000
25, 000
25,000
75,000
50,000
25,000
50,000
25,000
50,000
25,000
25, 000
150, 000
25, 000
50, 000
25,000
100, 000
50,GOO
50,000
40,000
25,000
100,000

Receiver
appointed

Mar.
Mar.
Apr.
Apr.

7,1923
26,1923
2,1923
5,1923

do.
Apr. 12,1923

do
Apr. 18,1923
Apr. 27,1923
May 24,1923
June 1,1923
June 14,1923
do.
do
July 3,1923
July 7,1923
July 12,1923
July 21,1923
July 30,1923
do
July 31,1923
Aug. 13,1923
Aug. 14,1923
Aug. 27,1923
Aug. 30,1923
Sept. 1,1923
Sept. 6,1923
Oct. 5,1923
Oct. 8,1923
Oct. 22,1923
Oct. 23,1923
Oct. 29.1923
.do
Nov. 8,1923
— .do
do____do
Nov. 9,1923
Nov. 10,1923
Nov. 13,1923
do
Nov. 14,1923
do
Nov. 16,1923
Nov. 19,1923
Nov. 21,1923
do
do
Nov. 22,1923
Nov. 28,1923
Dee. 6,1923
Dec. 10,1923
Dec. 11,1923
. — . d o - —_.
Dec. 14,1923
Dec. 17,1923
do
Dec. 18,1923
do
Dec. 20,1923
Dec. 21,1923
dO--_-_.
Dec. 26,1923
Jan. 2,1924
Jan. 21,1924
Jan. 24,1924

do
do
Jan. 28,1924,
Feb. 6,1924
Feb. 7,1924
do
.__do
Feb. 9,1924
__do

REPORT OF THE COMPTROLLER OF THE CURRENCY

245

appointment of receiver, and closing, with amounts of nominal and, additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining

Nominal assets at date of suspension
Estimated
good
$81, 571
30, 701
210, 374
1,314,132
213, 681
45, 299
182, 688
112, 936
63, 691
58,182
94, 366
88, 029
108,961
478, 878
15, 951
80, 630
4.1, 304
219, 280
35, 274
547, 977
153, 317
88, 996
79,131
13, 338
75, 257
56,176
58, 678
112,400
166, 679
458, 659
404, 632
38, 395
79, 658
107, 244
13, 849
47, 361
15, 858
69, 998
321, 654
180, 421
413*. 189
457, 554
123, 511
89,131
22, 707
19, 745
95, 358
46, 632
80, 056
57, 574
12, 830
60, 365
31, 237
40[923
37 830
19' 849
242, 350
103, 031
46, 657
357, 810
38, 086
45,048
125, 681
33, 605
1, 748, 843
98, 731
297,840
86, 439
731,798
17. 446
36, 597
100, 653
117, 758
337,212

Estimated
doubtful

$90,142
371, 762
194, 391
167,913
112, 832
257, 777
230,932
172. 844
117', 029
37, 312
31,174
122, 998
17, 833
114, 303
255,458
30, 367
143, 859
129, 679
566, 071
105, 392
516, 671
257, 311
156,148
218, 301
48, 353
150, 855
31, 316
48,843
113, 607
652, 820
846, 395
171, 990
50, 025
149, 623
103,050
57, 799
74,354
56, 628
159, 664
169,837
48, 653
174* 932
53, 910
847, 636
156.379
103, 412
119,835
41, 582
129, 292
95,280
119, 943
145, 551
29, 928
99, 313
Si', 959
111 276
94' 211
299,147
103. 632
138.147
190, 573
24,320
175, 697
113, 962
63 939
746,' 250
48,156
160,685
143, 983
220, 201
153, 683
76, 268
67, 235
102, 560
428, 037




Estimated
worthless
$405, 582
191, 894
211,101
43, 730
451,201
63, 798
36,049
141,126
33, 066
42, 676
179, 530
66,034
28,640
138,678
575, 563
41,592
42,626
170, 847
235, 987
115. 343
201, 869
194,165
45, 040
57, 715
231, 384
65, 710
318,478
15 588
79', 202
297,201
57, 902
54, 696
33, 574
86, 078
76,102
60, 287
171, 967
16. 553
48, 663
233, 227
54. 570
320* 416
520, 999
672, 204
77,025
60, 218
72. 757
84, 886
142,062
59, 725
86, 292
36,977
35,676
27,321
22,'085
74,294
75'580
140,196
75,577
53, 270
111, 563
25, 831
211, 368
74,918
69, 802
458, 547
43,647
96, 317
41, 049
215, 322
91,909
46, 111
47,400
30,083
381, 524

Additional
assets received since

Total assets

date of
suspension
$41,383
26. 658
40, 401
263,112
35,112
11,617
25,198
152,944
23, 847
13,738
23, 234
16, 341
29,596
21,946
43,165
2,615
8,238
5,429
109, 856
27,290
67, 612
17, 354
52, 849
.15, 049
4,466
7,536
5,672
12,112
37,990
84, 077
35,442
19,142
9, 776
4,914
77, 470
4.292
9,119
7, 540
26,758
43. 199
27,076
34^ 805
123, 218
71,647
22, 307
13, 079
33,698
21, 793
11,934
6,475
6,410
1,094
6,118
2, 401
13^ 744
11,327
9^715
33, 377
22,108
18,855
78, 470
6,475
32, 886
17, 625
138' 021
13,061
39,100
21,198
73, 786
23,162
7,672
20, 566
31,984
95, 713

Offsets
allowed

and settled
$618, 678
621, 015
656, 267
1, 788, 887
812, 826
378, 491
474, 867
579, 850
237, 633
151, 908
233,938
299, 739
164, 098
383, 888
1, 353, 064
90, 525
275, 353
347, 259
1,131,194
283, 299
1, 334,129
622,147
343, 033
370,196
297, 541
299, 358
411, 642
135, 221
343,199
1, 200, 777
1,398, 398
650, 460
131, 770
320, 273
363, 866
136, 227
302, 801
96, 579
304, 983
767, 917
310, 720
94.3. 342
1,165) 081
1, 714, 998
344, 842
199, 416
246, 035
243, 619
329, 920
241. 536
270, 219
196, 452
132,087
160, 272
158,711
234, 727
199; 355
715,070
304, 343
256, 929
738,416
94, 712
464, 999
332,186
175,109
3,091,'661
203, 595
593, 942
292, 669
1, 241,107
286, 200
166, 648
235, 854
283, 285
1,242,486

$20, 643
2,047
54, 355
218, 567
44, 972
20,221
30, 804
159,195
7,904
14,224
160
24,803
10, 257
3,979
111, 171
3,771
6,534
94. 570
238,448
215
60,368
22,353
16, 682
28,173
4,589
22, 488
9,440
43, 676
48, 586
37,899
4,112
8,183
1,767
12,145
1,778
5, 410
1. 498
10C297
39, 261
45, 16 J
13,051
119, 398
25,147
15,796
25,110
48, 023
8,110
18,881
7,417
5,429
413
23,630
297
3,018
2. RSO
8; 879
56, 653
5,856
7,255
200, 453
24, 704
15,053
14,986
2,282
367,066
% 907
20,169
13,040
105, 617
5, 863
6,273
10,846
26,968
40,311

Loss on assets
compounded
01 SOICL IHlUCr
OlClei OI U u u l I

$154, 715
13, 366
192,817
77,122

675
676
677
678
679
500 680
43,872 681
148, 676 683
28,961 684
685
7, 541 686
19,138 687
68S
9,456 689
80,997 691
2,249 693
11, 642 694
149, 807 635
119,901 696
37, 369 697
698, 015 698
142, 536 699
3,750 700
1,650 701
5, 875 702
27, 414 703
704
706
80, 841 707
11, 840 708
18,965 709
710
911 711
1, 329 713
15, 237 714
92, 382 715
19, 620 710
2, 783 717
14, 210 718
30, 879 719
720
4, 000 721
13, 474 722
15, 596 723
7, 111 724
9,749 725
2,523 726
1.730 727
190, 366 728
25,184 729
13,211 731
4, 782 732
3, 569 733
734
9,809 735
736
17,141 737
28, 548 738
739
7, 985 740
6. 898 741
'325 742
1,533 743
907 744
745
116, 083 74C
29, 885 747
10, 770 748
12 749
188, 513 751
6,802 752
375 753
4,410 754
5,258 755
65,371 756

246

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National banks in charge of receivers, dates of organization,
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued
Nominal
value of
remaining
uncollected
assets
675
678
677
678

679
680
681
683
684

685
686
687
688
689
691
693
694
695
696
697
698
699

700
701

702
703
704
706

707
708
709
710
711
713
714

715
716
717

718
719
720

721
722
723
724
725
726
727
728
729
731
732

733
734
735
736
737
738
739
740
741
742
743
744
745
746
747
748
749
751
752
753
754
755
756

$312,308
396 306
177,162
150, 521
533. 397
261,227
241,467
146, 601
95, 592
49, 520
181, 382
169, 601
71, 786
209, 725
662,076
57 756
191, 827
12, 789
481, 215
186 190
15,369
261, 585
187, 813
263 163
161 487
305, 632
72, 619
112 545
770, 343
788, 022
487 418
82, 949
235.612
2-51 915

Assets
returned
to stockholders'
agent

$182,645

220, 324
08, 787
155,713
415,405
99, 978
451, 670
548, 956
1,048, 081
239, 540
113 5G3
127, 585
135, 649
72

130,954
179, 914
178 504
74, 307
123 236
90. 690
174, 703
95,158
406, 704
172, 750
139, 648
361, 513
54, 081
300,214
216, 572
135,181
1,455,311
128, 491
390, 420
206,167
574, 015
197, 027
100,082
101, 750
145, MO
835,139




Collected
from
assets

$131, 012
209, 296
231, 933
1,342,677
234,457
96, 543
158, 724
125, 378
105,176
88,164
44, 855
86,197
82, 055
160, 728
498, 820
26, 749
65. 350
90. 093
291, 630
59, 525
560, 377
195, 673
139,956
152, 560
28, 503
105, 868
83, 522
53,162
106,137
370, 008
553, 512
158, 930
39, 727
81, 565
84, 569
42, 067
57, 447
23, 511
124, 763
282,372
165, 581
474, 621
473, 853
626,174
82,395
50 994
67, 904
98,130
120, 601
77, 981
71,665
12, 753
30, 581
36 739
55,194
57, 394
78,177
225,165
125, 742
102, 041
169, 552
15, 602
148,199
99, 721
37, 646
1,152, 601
42, 312
172, 583
73,450
372, 962
76, 508
59. 918
118; 848
105, 749
281, 665 •

Collected
Total
from
assessment collections
from all
upon share- sources
holders
$29,969
10,700
48,183
100, 000
16,264
5, 048
9,075
21, 600
5,272
3,400
19,809
6,300
10, 975
62, 256
500

2, 525
8.452
42, 000
2,000
27, 373
4,000
2,478
58,425
13, 660
5, 369
8, 659
13,137
26,492
31,449
2, 74 *
>
7, 346
3,800
2,780
7,800
21, C00
11, 660
11,000
28, 6C0
18,429
25, 846
98,400
38, 824
5, 225
9 000
11,824
4,500
10, 977
500
1,000
1 000
6,409
10 950
9,505
6,608
6,350
13, 204
24, 260

8,091
12, 035
979
6, 800
6,152
1,750
43,500
8,500
12, 880
12,000
19, 955
18, 775
10, 600
14, 903
16, 047
74,623

$160,981
219,996
280,116
1,442,677
250, 721
96, 543
163, 772
134,453
126, 776
93, 436
48, 255
106, 006
88,355
171, 703
561, 076
27, 249
67, 875
98, 545
333, 630
61, 525
587, 750
199, 673
139, 956
155, 038
86, 928
119, 528
88, 891
61, 821
119, 274
396, 500
584, 961
161, 676
47, 073
85, 365
87, 349
495 867
79,347
35,171
135, 763
310, 972
18-1, 010
500,467
572, 253
664, 998
87, 620
59, 994
79, 728
102, 630
131, 578
78,481
72, 665
13, 753
36, 990
47. 689
64; 699
64,002
84, 527
238,369
150, 002
110,132
181, 587
16, 581
154, 999
105, 873
39, 396
1,196,101
50, 812
185,463
85,450
392, 917
95, 283
70, 518
133, 751
121, 796
356, 288

Secured
and
preferred
liabilities
paid
$97, 855
163, 822
208, 088
238, 577
177, 739
68,429
45,134
61,417
65, 635
53, 932
11.161
53,683
. 20,473
132,802
207,800
17, 802
35, 976
55, 280
171,612
49, 590
277,920
152, 648
103,104
57,112
78, 223
77, 042
59,438
31, 712
82, 585
201, 903
451, 902
135, 662
30, 613
54, 373
55, 897
17, 883
42, 529
13, 823
26, 694
100, 931
108, 675
412,063
79, 509
508, 548
40, 992
35, 651
34,009
62,044
75, 685
33,105
46,344

Dividends
paid

$30,157
44, 555
1,072, 668
47, 901
94, 956
40, 578
46, 844
22, 700
20,170
50, 508
244, 902
33, 648
61,933
225, 074
20,977
62,022

10, 522
88, 778

$692
3,628
1,205
2,009
431
1,653
850

3,168
1,212
687
3,637
3,180
592

1,025
5,885
60
903

1,426
9,866
1,214
5,684
130

2,951
594
3,267
850
496
103
45

1,891
13,998
66

290
362
9,964
12,226
90,594
93, 017
43,423
407,288
28, 902
16, 736
12,119

184

10,407
34,201
44,166
41,513
41, 626
137, 600
111,099
42,418
117,536
4,507
61, 701
47, 850
29, 558
595,360
28, 824
98,090
66, 582
193, 556
30, 595
34,187
70, 084
58, 378
212, 674

Legal
expenses

8,810
23,153
66,474
23,415
19,545
31,379
4,415
51, 559
36, 882
463,427
44, 893
78.216
2i; 357
13,478
31, 885
32, 084

778

825
507
123

2,404
8,946
1,023
4,774
3, 841
4,204
759
383
499
225
599
763
47

1,658
385
1,594
50
354
158

25
573
25
3,354
319
893
19,106
148
1,521
1,242
2,559
1,206
1,003
1,953
3,970
1,505

REPORT OF THE COMPTEOLLEB OP THE CUBBENCY

247

appointment of receiver, and closing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining

in Amount
Receivers' Balanceof
hands
returned
salary
comptroller to shareand other
holders in
and
expenses
cash
receiver
$17, 599
21, 857
15, 548
32, 205
15,929
11, 511
15,120
13, 740
9,110
10, 891
6,505
13, 734
11, 470
12, 719
20, 453
6,029
10, 609
7,184
28,550
4,684
25, 068
19,981
10,173
20, 445
659

13, 700
12, 994
6,269
8,710
22, 804
35, 910
25, 032
7,301
10, 447
8,939
8,385
7,576
1,744
11,763
16,802
14,418
36, 991
14.212
25, 333
9,442
6,240
9,551
11, 276
8,041
9,176
9,036
3,880
6,954
3,120
8,440
7,810
8,571
12,240
12,158
7,229
12,839
3,410
21,846
13, 506
5,442
64,010
6,291
12, 236
13, 340
16, 900
12,076
6,912
8,007
11, 627
23,833

$14, 678
30, 689
10, 720
97, 218
8,721
14,950
7,712
15, 550
3,975
5,226
26,952
15, 239
5,312
25,157
82, 036
3,358
20, 387
997
61, 669
6,037
54,004
26,914
14, 865
4,779
27,936
15,963
13, 215
27, 934
81,124
83,151
916
8,869
20,183
21, 735
12,810
28, 735
7,255
4,308
91,2-76
16, 471
46, 639
67,343
126, 913
36, 427
18,103
6,883
12,075
35,508
35,601
16, 522
9,642
9,161
9,983
10,499
14,629
10,823
22,055
3,172
40,915
19,260
4,224
16, 539
7,316
3,503
54,198
15,549
28, 723
4,286
101,686
30,049
14,938
21,822
15, 737
118, 276

$2, 751

67746°—26t
17



Amount of
assessment
upon
shareholders
$50, 000
50, 000
100,000
100, 000
50, 000
50, 000
50, 000
50, 000
40, 000
30, 000
200, 000
50, 000
25, 000
25, 000
100, 000
25, 000
25,000
50,000
300,000
25,000
50, 000
50,000
25, 000
60,000
25, 000
25, 000
25, 000
30, 000
100, 000
100, 000
25, 000
25, 000
35, 000
50,000
25,000
40,000
25,000
25,000
50, 000
25,000
100,000
100,000
200,000
25,000
25,000
25,000
25,000
30,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
75,000
50,000
25,000
50,000
25,000
50,000
25,000
25,000
150,000
25,000
50,000
25,000
100,000
50,000
50,000
40,000
25,000
100,000

Amount
of claims
proved

$458,148
396, 434
445, 636
1,929, 410
621, 005
226, 621
379, 824
162, 364
92, 712
57,119
307, 000
202, 707
91, 837
300, 050
803,119
38, 598
224, 741
146, 293
545, 792
236, 302
899, 630
351, 840
20, 977
206, 739
27, 536
242, 720
213, 793
70, 447
205, 843
908,120
702, 234
362, 906
54, 042
250, 384
176, 760
99, 646
163, 099
<U', 131

229, 862
638, 747
173, 745
796,187
905,106
834,106
261, 819
128, 407
144, 516
126, 828
211,436
189,196
202, 878
173, 246
58,190
45, 684
58, 279
159,387
115, 770
444, 892
234,192
196, 826
314,015
44,128
327, 344
245,869
79, 450
1,853, 707
106, 412
448, 930
172,171
822, 674
151, 376
85, 764
98,347
160,422
1,009,285

Interest
Dividividends
dends Finally closed
(per cent) (per cent)

ex

675
676
677
678
679
680

10
55. 833
8
25

25
45
40

683
684
685
686
687

10
55
30

23
10
24
100
30

15
10

10
20
45
15
25
45

20
10
5

15

20
15
10
10
10
10
15
15
25
10

10
15
15
20
20

100

Mar. 23,1925

6SH
689
691
693
694
695
696
697
698
699
700
701
702
703
704
706
707
708
709
710
711
713
714
715
716
71-7
718
719
7?0
721
722
723
724
795
726
728
739
731
732
733
734
735
736
737
73K
739
740
741
743
743
744
745
746
747
748
749
751
752
753
754
755
756

248

BEFOBT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—-National banks in charge of receivers, dates of organization,
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued

Title aad location of banks

Date of
organization

Capital
stock

Receiver
appointed

_
Aug. 31,1910
757 First National Bank, Ronan, Mont__
$25,000 Feb. 9,1924
758 First National Bank, Harrison, Nebr
June 28,1907
60,000 Feb. 12,1924
760 First National Bank, Clarkston, Wash
Mar. 16.1903
50,000 . do.
761 First National Bank, Carthage, S. Dak
Mar. 20,1916
25,000 . do762 First National Bank, Onida, S. Dak
Jan. 17,1920
25,000
do
763 Commercial National Bank, Miles City, Mont_
Aug. 15,1895
250,000 Feb. 15,1924
__. Aug. 23,1902
764 Nowata National Bank, Nowata, Okla
25,000 Feb. 19,1924
765 First National Bank, Castlewood, S. Dak.__
Oct. 2,1901
25,000 . do.
767 First National Bank of Clovis, N . Mex
_
_. June 14,1907
100,000 Feb. 20,1924
768 First National Bank, Charlo, Mont
Feb. 26.1918
25,000 . do.
770 First National Bank, Sidney, Mont „
Dec. 23,1907
50,000 Feb. 26,1924
771 Stoekmans National Bank, Fort Benton, Mont
Dec. 24,1889
200,600 - do772 First National Bank, Fort Sumner, N . Mex
Feb. 28.1907
25.000 . do.
773 Wells Nat ional B ank, Wells, M inn _
Apr. 6,1903
75,000 -__do774 First National Bank, Gering, Nebr_
_. Dec. 28.1905
25,000 . do.
775 Western National Bank, Mitchell, S. Dak._.
_ . Sept. 12.1904
100,000 Feb. 27,1924
776 First National Bank, Coalgate, Okla _ _
Dec. 8,1900
100,000 . do777 First National Bank, Mclntosh, S. Dak_
Oct. 16,1908
25,000 Mar. 1,1924
778 First National Bank, Clayton, N . Mex
Dec. 29,1900
75,000 . . . d o 779 First National Bank in Deming, N. Mex_
Aug. 5,1903
40,000 Mar, " 4,1924"
780 First National Bank, St. Anthony, Idaho. _
Dec. 31,1900
50,000
do
781 First National Bank, Huron, S. Dak
May 19,1882
6-5,000 Mar. 14,1924
782 Farmers & Merchants National Bank, Fairbury, Nebr_. Feb. 8,1913
60,006 Mar. 15,1924
783 First National Bank, Golva, N . Dak__
25,000 Mar. 18,1924
_
Apr. 14.1919
784 First National Bank, Lingle, Wyo
25,000 Mar. 19,1924
__
Aug. 19.1918
785 Torrington National Bank, Torrington, Wyo
35,000 . do.
Feb. 3,1919
786 Citizens National Bank, Jamestown, N . Dak.*
50,000 Mar. 21,1924
_. June 16.1905
787 First National Bank, Poison, Mont
25,000 Mar. 22,1924
._
Mar. 26.1909
788 Farmers National Bank, Parsons, Kans
Nov. 18.1919
100,000 Mar. 24,1924
789 Merchants National Bank, Crookston, Minn..
Oct. 25,1884
75,000 -__do.
790 Citizens National Bank, Sisseton, S. Dak. 1
Aug. 18.1902
50,000 ...do-.791 First National Bank, Bristow, Nebr
June 5,1909
40,000 ...do
794 First National Bank, Lake Preston, S. Dak
July 24.1915
25,000 Mar. 28,1924
795 First National Bank, Hayward, Wis
June 9,1905
50,000 Mar. 29,1924
7% First National Bank, Plentywood, Mont
May 12,1913
60,000 Mar. 31,1924
797 First National Bank, Sterling, Colo
Oct. 29,1900
100,000 Apr. 5,1924
First National Bank, Rocky Ford, Colo
Oct. 23.1903
60, 000
do
First National Bank-of Fergus County,Lewistown,Mont May 9,1904
300,000 Apr. 12,1924
801 State National Bank, Albuquerque, N . Mex
Mar. 17.1904
200,000 Apr, 14,1924
802 First National Bank, Marysville, Kans
Aug. 25,1882
75,000 Apr. 15,1924
do.
803 First National Bank, Alexander, N . Dak
Jan. 22,1919
25,000
804 First National Bank, Pilger, Nebr
Aug. 2,1901
SO, 000 Apr. 22,1924
do
805 First National Bank, Wiisall, Mont
Apr. 11,1919
25,000
806 National Bank of Commerce, Shawnee, Okla
Aug 18,1923
100,000 Apr. 28,1924
807 Citizens National Bank, Hankmson, N . Dak
Jan. 18.1906
30,000 Apr. 30,1924
808 City National Bank, El Paso, Tex
Oct. 14,1904
500,000 May 8,1924
809 Silver City National Bank, Silver City, N . Mex
June 24,1886
100,000 May 14,1924
do.
810 First National Bank, Carlsbad, N . Mex
May 19.1900
100,000
811 First National Bank, Baker, Mont
Aug. 19,1913
25,000 May 20,1924
812 Farmers National Bank, Burlington, Elans
Sept. 10.1903
55,000 May 21,1924
813 Drovers National Bank, East at. Louis, 111
Apr. 30,1913
200,000 May 22,1924
814 First National Bank, Schuyler, Nebr..
Sept. 4,1882
50,000 May 24,1924
do
815 First National Bank, Morristown, S.2 Dak
May 11.1910
25,000
do
816 City National Bank, Huron, S. Dak.
_
June 3,1907
25,000 June 12,1924
817 First National Bank, Newcastle, Wyo_
Mar. 23,1904
25,000
818 Citizens National Bank, Julesburg, Colo
Sept. 29,1909
do
35,000 June 14,1924
819 First National Bank, Basin, Wyo
May 15.1916
50,000 June 17,1924
820 First National Bank, Lidgerwood, N2. Dak
May 29.1901
25,000
821 First National Bank, Galata, Mont. ._
Oct. 10.1917
25,000 June 18,1924
822 Citizens National Bank, Worthington, Minn
June 7.1901
25,000 June 19,1924
823 First National Bank, Poteau, Okla
Jan. 14.1904
824 National Bank of Commerce, Rochester, N . Y
Feb. 1,1906 1,500,000 June 2~M924~
25,000 June 23,1924
825 First National Bank, Alexandria, S. Dak1
July 16,1901
25,000
826 First National Bank, Walhalla, N . Dak. ...
do
Mar. 14.1908
75,000
827 Weiser National Bank, Weiser, Idaho
do
Feb. 19.1906
2
45,000 July 3,1924
829 Citizens National Bank, Ness City, Kans.
Feb. 3,1906
830 First National Bank, Cheyenne, Wyo
200,000 July 9,1924
Dec. 29,1870
. 831 First National Bank, Lambert, Mont
25,000 July 16,1924
Apr. 20.1918
832 First National Bank, Bridgewater, S. Dak
25,000 July 18,1924
July 23.1903
833 Citizens National Bank, Cheyenne, Wyo
100,000 July 21,1924
Jan. 15,1906
834 Bristow National Bank, B ristow, Okla .2
do.
25,000
__
Nov. 23.1911
835 First National Bank, Harrington, Wash
50,000 Aug. 6,1924
July 10,1908
836 First National Bank, Minnesota Lake, Minn
25, 000
Apr. 5.1902
do
837 First National Bank, Rexburg, Idaho
50,000 Aug. 11,1924
Jan. 19.1904
838 First National Bank, Ride, Idaho
25,000
Oct. 9,1916
do
Mar. 23,1864
150,000 Aug. 13,1924
First National Bank, Putnam, Conn..
1
3 Receiver appointed to complete unfinished liquidation.
Restored to solvency.




REPORT OP THE COMPTROLLER OF THE CURRENCY

249

appointment of receiver, and closing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining
Nominal assets at date of suspension
Estimated

Estimated

good

doubtful

Estimated
worthless

Additional

assets received since
date of
suspension

Total assets

Offsets
allowed

and settled

2,521
290,148
453.156
20,170
15, 871
113, 727
261,195
161, 521
48,945
93,915
156, 092
218, 988
265, 511
14S, 925
35,842
67, 224
50,498

$10,990
28,059
18, 773
'9,349
W, 724
55,891
56,474
17,429
243
3,554
37, 539
38,730
5,421
64,286
36, 208
52, 892
50,764
17, 881
18,151
13, 241
35, 241
88, 995
25, 620
792
5, 639
7,449

$231,742
588, 860
303,136
362, 030
214, 706
2,485, 213
700,681
304, 563
28, 243
85,975
830.831
1,542', 023
173,065
1,375, 781
453, 792
%, 02G, 194
1,021. 700
229, 645
405, 621
528, 633
654, 470
2,094, 776
428, 430
136, 002
172. 838
153, 203

5,178
10,329
19,030
10, 236
66, 058
31, 609
16, 399
31, 224
14,490
9, 607
4, 781
5, 321
74, 341
27, 804
1, 625
3,485
8,110

109, 949
112, 264
557, 258

51, 548
107,480
344, 707

42, 929
55, 269
70,405

260,826
588, 286
1, 724, 814

18, 308
29, 348
150,687

97,071
79, 237
181,021
133, 898
269,033
162,213
1,473, 857
1,086,248
128,028
98, 263
116, 055
4,544
498, 560
61, 532
1, 595, 305
238, 727
229,143
89,083
187,375
365, 514
183,098
10,602

85,731
109,207
161, 661
191,366
566, 659
152,393
2,307,203
905, 692
414,224
112,856
138, 972
33,162
449, 972
107, 787
3,381, 887
384, 564
691,804
110, 292
218, 309
351,033
331, 264
100,832

50,038
201,387
295,107
58, 241
282,733
76,017
833, 221
581, 873
297,133
87,299
74,016
47,363
264, 224
97,130
357, 977
616, 748
71, 372
58,529
77, 534
164, 452
164, 900
109, 723

" 15,581
10,022
23, 521
8,030
45, 457
108,660
227, 261
94,507
120,948
13,817
42,101
2,702
105, 617
10,177
1, 254, 9T3
127, 250
276,132
22,053
30, 866
13, 898
11,156
6,091

248,421
399, 853
661,310
391, 535
1,163, 882
499, 283
4,841, 542
2, 668, 320
960, 333
312, 235
371,144
87, 771
1,318, 373
276, 626
6, 580. 082
1, 367, 289
1, 268, 451
279, 957
514,084
894, 897
690, 418
227, 253

8, 237
5, 678
67,131
3, 567
88,92;0
23,117
S53,039
192, 571
60,257
12,600
5,395
525
90.382
2,746
484, 733
172, 886
30,110
14, 906
19,289
26,945
42,844
3,179

231,640
90, 751
181, 300
152, 343

320, 876
97, 738
116,219
504, 763

143,383
86, 930
44, 739
200, 587

45, 960
15, 6.22
28, 736
42,104

741, 859
291,041
370, 994
899, 797

29,926
18, 345
33, 686
19,335

225,236
105, 664
67,500
377, 651

214, 643
99,147
1, 337,085
12$, 306

102, 413
166,441
2,271,292
64,035

41, 471
10,668
141, 402
12,841

533, 763
381, 920
3,817, 279
583, 833

43,617
31, 781

131,765

433, 357

551,491

34, 505

1,151,118

15, 326

2, 797, 972
34,053
153, 794
1,020, 533
1, 050
242^ 774
93, 395
132, 278
23,120
1,883, 750

2,820,497
27, 599
133, 845
843,631

585,842
76,034
35, 202
75, 833
29,402
45, 246
503, 666
188, 481
182, 201

6,419, 957
139, 789
330,905
1,999, 087
8 ^8
402, 493
370, 513
831, 992
247, 221
2- 357,009

453, 960
2,-945
22.028
170; 362

120,621
181, 730
184, 316
34, 286
186, 081

215,646
2,103
8,064
£8, 770
2,198
9. 696
59,1,42
11, 7S2
1,334
104,977

$30; 884
205, 675
98, 887
58, 572
69,633
806,234
288,368
168, 897
27,339
470, 454
252,126
85, 609
393, 700
50, 628
196, 375
463,871
59, 230
75, 621
106, 843
193, 783
938, 783
162, 379
22,914
47, 111
48, 570

$155, 788
247, 817
170,037
165, 098
79,432
946,948
240. 028
53; 246
28, 000
52, 561
32, 690
798, 011
61,865
901,924
253, 229
509, 732
345, 544
103, 589
217, 934
252,457
206, 458
851, 487
91, 506
76,454
52,914
46, 686

56,400
313, 273
752,444




$34,080
107,309
15,439
129, 011
54, 917
677,140
115, 811
64,991

$9,092
50, 554
10,820
10,466
2. 065
89; 009
58, 903
1,908

28,737

6,173
27,027
17, 594
•1,101
172,472

Loss on assets
compounded
or sold u n d e r
orcicr 01 court
$8,443
22,195
19, 776
5, 803
29, 689
U, 529
1,400
546
563
67, 006
11,344
11,939
6,108
9,780
35, 300
78, 668
900
1, 819
34,123
3, 885
124

757
758
760
761
762
763
764
765
767
768
770
771
772
773
774
775
776
777
778
779
780
781
782
783
784
785

787
788
789
790
40,166 791
19, 227 794
376,136 795
796
"""774" 797
•48, 868 798
28, 771 799
68,404 801
50,119 802
2,310 803
30,468 804
1,199 •805
38,052 808
20,868 807
151, 965 808
536,352 809
34, 626 810
25 811
4, 570 812
27,449 813
18,404 814
40 815
816
7,989 817
2,280 818
819
370,118 820
821
28,112 822
10, 398 823
156, 069 824
116, 571 825
826
827
829
63,253 830
1, 246 831
6,103 832
12, 336 833
834
835
25 836
75, 242 837
17, 515 838
4,096 839
5, 738
82. 609
76, 257

250

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National banks in charge of receivers, dates of organization,
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued
Nominal
value of
remaining
uncollected
assets

757
758
760
761
762
763
764
765
767
768
770
771
772
773
974
775
776
777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
794
795
796
797
798
799
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
820
821
822
823
824
825
826
827
829
830
831
832
833
834
835
836
837
838
839

Assets
returned
to stockholders'
agent

Collected
from
assets

$148,145
315,326
158, 554
237, 986
151, 849
642,155
354, 652
193, 048
16, 800
48, 519
529, 612
1,123, 071
84, 990
661,167
304,999
603, 979
695, 736
157, 802
283, 999
293, 650
519, 911
1,480,479
138,160
105, 662
111, 887
110, 079

$66,062
222, 980
111, 567
93, 802
60, 792
749,186
257, 437
98, 078
11, 443
32, 278
289,490
399, 376
77, 276
581, 550
105, 840
387, 877
288, 632
47, 573
76, 715
151, 534
128,
338
538,137
228, 343
28, 715
53, 631
34, 890

180, 324
122, 372
572, 330

110, 645
254, 889
67,283
343.134
650,126
214, 571
2, 943, 889
1,143, 974
454, 534
232, 743
241.135
51, 660
679, 624
137, 880
3, 214, 685
734, 775
140, 566
296, 579
426, 345
390,055
157, 493
451, 732
177, 924
185, 830
316, 081
209, 220
3,143,827
859, 316
3, 735, 216
79, 274
171,374
976,654
1,944
259,928
99, 673
589,610
199,103
822,627




Collected
Total
from
assessment collections
from all
upon share- sources
holders

Secured
and
preferred
liabilities

13, 900
6,284
44, 675
4,700
4,000
11, 859
5,548
16, 391
14,100
32, 209
1,850
1, 650
14, 625

$32, 752
67, 516
25, 764
62, 985
43, 066
548, 246
139, 529
58,311
509
13, 461
205, 713
346,983
54, 378
167, 326
58, 852
317,896
223, 599
26, 979
51, 616
86,426
88, 495
352, 992
96, 864
18, 703
34, 767
31,847

56, 456
353, 957
925, 540

7,375
80, 200
13, 957

63, 831
434,157
939, 497

33, 795
138, 972
35, 825

89,439
120, 059
150, 760
44, 834
424,062
212, 727
1, 515, 843
1,263, 371
395, 423
64, 582
94,146
34, 387
510, 315
115,132
2, 738, 699
658,051
468, 940
124,460
193, 646
414,158
239,115
66, 541

35,060
1,932
2,000
8,000
24,650
16, 700
123, 686
139,167
9,367
7,215
7,150
1,844

43, 691
69,061
32, 738
27,028

6,337
296,461
43, 263
76, 475
14, 970
26, 499
65, 980
18,000
10, 725

124, 499
121, 991
152, 760
52,834
448, 712
229, 427
1, 639, 529
1,402, 538
404, 790
71, 797
101, 296
36, 231
% 510,315
121, 469
3,035,160
701, 314
545, 415
139,430
220,145
480,138
257,115
77, 266

237,016
75,153
545, 837
697, 260
165, 594
33, 695
75,152
25,925
299, 481
38,180
1,684, 948
345,174
289, 534
68, 591
71, 444
208, 085
71,287
49, 600

252, 212
92,492
151,478
510, 344

5,760
10,015
11, 650
22, 305

257, 972
102, 507
163,128
532, 649

137, 655
71,125
37,280
176, 819

8,750
8,500

101, 557
90, 401
500, 801
80,694

7,460
20,450
100, 275
14, 600

953
521
383
525

10,600

204, 703
139, 021
517, 383
449,125

~276,~476

"16," 425

286, 901

2,167, 528
56,324
131,400
839, 715
1,304
136,392
252, 788
149, 546
29,502
1,357,814

65, 399
2,250
16,025
51,559
4,200
31,150
25,000
12, 619
7,994
136,912

2, 232, 927
58, 574
147. 425
891, 274
5,504
167, 542
277, 788
162,165
37,496
1,494, 726

1,024, 275
42, 976
46, 826
152,423
392
122,4S6
14,388
110,184
24,481
353, £95

$12,396
147, 994
69, 688
149, 649
31, 361
16, 783
26,177
153,325
32, 654

105, 734

249, 688
743, 254

47, 085
27, 498
84, 879
100, 271
437, 907
213, 429

176, 406
60,685
789, 379
340, 704
164, 739
59, 233
72, 578
247, 941
124, 392

$1, 286
1,534
805
450
436
3,008
4,696
1, 743
640
2,236
634
844
4,979
1,520
178
5
650
954
3,133
339
2,238
10,371
185
1,626
741
1,167
4,971
6,048

2,800
2,835
2,196
221
3,713
752
8,878
4,351
2,582
748
1,811
258
1, 825
1, 788
14,694
414
1,254
354
1,289
2,584
624
249
2,771
827

27, 706
328,403

185,495

195,
130,
517,
438,

Legal
expenses

paid

$67,324
246, 980
120,113
104,995
66, 792
790, 590
279, 960
107, 953
11, 443
39, 738
309, 940
499, 651
91,876
595,450
112,124
432, 552
293, 332
51, 573
88, 574
157, 082
144, 729
552, 237
260, 552
30, 565
55, 281
49, 515

$1, 262
24,000
8,546
11,193
6,000
41,404
22, 523
9,875

Dividends
paid

82,919
21, 836
356, 766

3,225
1,191
405
3,014
2,340
2,219

812,976
84,277
675, 260
3,591
193,135
918,605

1,611
316
1.474
2,974
7
2,251
401
511
6,301

REPORT OF THE COMPTROLLER OP THE CURRENCY

251

appointemnt of receiver, and closing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining

Receivers'
salary
and other
expenses

Balance in
hands of
omptroller
and
receiver

Amount Amount of
returned assessment
to shareupon
holders in
sharecash
holders

$7,847
7,052
13,423
11,156
8,194
31,091
17, 722
11,693
366
4,371
10,461
15,853
6,560
20, 800
10,716
26,677
18,454
8,411
14,698
15,988
19, 753
25,404
13,809
3,659
7,527
8,593

$13,043
22,884
10,433
30,404
15,096
58, 596
86,652
36, 206
10, 568
4,483
91, 530
136,181
3,917
249,020
8,382
87,801
51,274
15, 533
21,306
51, 535
36,142
171,603
33,774
8,018
11,361
8,334

$25,000
50,000
50,000
25,000
25,000
25,000
25,000
25,000
100,000
25,000
50,000
200, 000
25,000
75,000
25,000
100,000
100,000
25,000
75,000
50,000
50,000
65,000
60,000
25,000
25,000
35,000

$123,964
477,795
174, 210
298,192
123, 271
1,482,412
376,160
245,413

7,518
16, 750
31,108

21,351
23, 776
123, 262

25,000
100,000
75, 000

164,054
277,431
1,351, 361

7,254
11,151
11,005
7,701
19, 546
17,475
54, 580
37,244
14, 857
7,146
10, 275
5,220
17, 518
11, 372
66,940
15,022
18, 233
7, 798
10, 308
15, 064
12,237
7,845

23, 669
11,386
106, 821
17,884
103, 558
35, 776
1,030, 234
225,776
8,328
30, 208
14, 058
4,828
15, 085
9,444
479,199

40,000
25, 000
50,000
50,000
100,000
60, 000
300,000
200,000
75, 000
25, 000
50, 000
25,000
100, 000
30, 000
500,000
100,000
100,000
25,000
55,000
200, 000
50,000
25,000

140, 035
274, 982
621, 017
319,170
667, 600
226, 838
2,657,111
1,457, 555
533, 601
143, 304
190, 430
41,377
705, 659
205, 572
3, 617, 082
453, 432
463, 371
132, 253
362, 394
450, 814
496, 926
87, 792

30
10

13,136
12,203
11, 263
24,202

23, 430
18, 352
86, 879

25,000
25,000
35, 000
50, 000

504, 774
162, 218
201, 590
606, 793

15
15
54

8,683
12,108
12, 224
9,325

10, 353
14, 271
1,344

25, 000
25,000

392, 699
262, 956

20
10

18,147

81, 040

75, 000

941, 685

50,332
7,249
9,389
33, 719
175
7,944
8,338
9,243
4,422
23,636

343, 733
8,033
5,459
26,898
1,346
37,105
59,676
42, 337
8,082
192, 589

200,000
25,000
25,000
200,000
25,000
50,000
25,000
50,000
25,000
150,000

3, 251, 935

25

210, 696
1,350, 533
3,413
262, 757
324, 529
656,312
200, 247
1,601,094

40
50
100

Amount
of claims
proved

41,653
620, 931
359, 563
74, 297
1,026, 997
324, 466
597,393
662,274
164, 765
292,114
361, 764
538, 518
893, 835
211,326
47,510
65, 857
102,101

Divi- Interest
dividends
dends
(per cent) (per cent)

Finally closed

10
40
10
10
40
35
15
10

" "1

50

Oct.

71, 645
3, 454
64, 526
6,464
48, 575
19 572

7,1925

Dec. 16,1924

i
I

10
45
30
40

25
30
20
50
40
45
20
55
25

A p r . 30, 1925

J a n . 15,1925
A p r . 20,1925

82.45

25,000




90
55

100

60
55

[

757
758
760
761
762
663
764
765
767
768
770
771
772
773
774
775
776
777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
794
795
796
797
798
799
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
820
821
822
823
824
825
826
827
829
830
831
832
833
834
835
836
837
i 838
! 839

252

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National banks in charge of receivers, dates of organization,
amounts collected from all sources, loans 'paid and other, disbursements, losses on
assets returned to stockholders to year ended October 81, 1925—Continued

Title and location of bank

State National Bank, Carlsbad, N . M e x . 2 . . .
Northwestern National Bank, Livingston, Mont__
First National Bank in Clovis, N . Mex__
First National Bank, Beaver Creek, Minn___
First National Bank, Rudyard, Mont
_
First National Bank, Groom, Tex
;
First National Bank, Ozark, Ala
First National Bank, Ulen, Minn
Citizens National Bank, Centerville, Tenn
National Border Bank, El Paso, Tex
_
First National Bank, Alma, Wis
Merchants National Bank, Grinnell, Iowa
First National Bank, Morgan, Tex
__
First National Bank, Abbeville, Ala
First National Bank, Dodge, Nebr
_
First National Bank, Algona, Iowa
_
First National Bank, Boise City, Okla
First National Bank, Ailendale, S. C
First National Bank, Barnwell, S. C
First National Bank, Center, Tex
Farmers National Bank, Dodge Center, Minn
First National Bank, Torrington, Wyo
Parkesburg National Bank, Parkesburg, Pa
First National Bank, Buffalo, Okla
_
.
First National Bank, Oldham, S. Dak
First National Bank, Savoy, Mont
First National Bank, Spring Hope, N . C
Stockmans National Bank, Columbus, Mont.
First National Bank, Alexandria, Minn
First National Bank, Townsend, Mont
_
First National Bank, Rigby, Idaho
Peoples National Bank, Hot Springs, S. Dak
First National Bank, Sylvester, Ga._
First National Bank, Salem, S. Dak
_
Jefferson County National Bank, Rigby, Idaho 2
Neoga National Bank, Neogo, 111
First National Bank, Mohall, N . Dak
First National Bank, Excelsior Springs, Mo
Logan County National Bank, Sterling, Colo
First National Bank, Buena Vista, Ga
First National Bank, Hampton, Ga.__
Perry National Bank, Perry, Iowa
_
Farmers National Bank, Hempstead, Tex
First National Bank, Crystal, N . Dak___
The National Bank of Abbeville, S. C
Commercial National Bank, Charleston, S. G._
First National Bank, Quincy, Fla
National Bank of Commerce, Pierre, S. Dak__
Black Hawk National Bank, Waterloo, Iowa 2
Lebanon National Bank, Lebanon, Tenn_
First National Bank, Shelley, Idaho
First National Bank, Brinsmade, N. Dak
First National Bank, Atwater, Minn
__
First National Bank, Renville, Minn..
__.
First National Bank, Idabel, Okla...
First National Bank, Pleasantville, Iowa
First National Bank, Cavalier, N. Dak
_
First National Bank, Stevensville, Mont
First National Bank, Wapanucka, Okla..
_
First National Bank, Matoaka, W. Va
First National Bank, Volant, Pa. 1
City National Bank, Clarksville, Tex
First National Bank, Montpelier, Idaho..
First National Bank, Buhl, Idaho
First National Bank, Lemmon, S. Dak
_
Commercial National Bank, Greenville, Tex
Farmers National Bank, Chandler, Okla
First National Bank, Bamberg, S. C
First National Bank, Bandon, Oreg
Georgia National Bank, Athens, Ga
Osceola National Bank, Osceola, Iowa
First National Bank, Wimbledon, N. Dak
First National Bank', Hedrick, Iowa 2
First National Bank, Jasper, Minn
* Receiver appointed to complete unfinished liquidation.




Date of
organization

Feb. 8,1917
Mar. 27.1917
Feb. 28,1924
Jan. 4,1909
May 29.1918
Aug. 16.1919
Feb. 13.1905
Dec. 12.1903
May 31.1910
Jan. 17,1924
May 16.1906
Apr. 28.1883
May 3.1902
Aug. 17,1901
June 18.1904
May 15.1884
Aug. 30,1917
Nov. 30.1917
Jan. 9,1919
Sept. 10.1901
Feb. 4.1903
Oct. 6,1908
Feb. 27,1880
Sept. 2,1907
Aug. 30,1912
May 29.1918
May 6,1919
July 12.1918
June 9,1883
Jan. 31.1911
June 13.1919
May 23?1908
Mar. 11,1902
July 5', 1901
June 9,1919
July 11,1905
Sept. 17,1903
May 5,1905
Oct. 11.1905
Oct. 12,1905
July 13,1911
Jan. 2,1912
Apr. 5,1893
Sept. 12.1905
Oct. 16.1885
May 5,1914
May 4.1904
Feb. 13,1890
Apr. 17.1903
Apr. 13.1907
July 15.1919
Dec. 11,1906
June 15,1914
Dec. 19.1902
Dec. 10.1906
Aug. 2,1900
Nov. 24,1911
Feb. 4,1915
Aug. 8,1901
Nov. 7,1918
June 14.1920
Oct. 8,1914
Aug. 9,1904
Aug. 10,1917
Oct. 16.1908
Nov. 24.1904
Nov. 25.1921
Apr. 19,1920
Feb. 25,1910
O
< 14,1902
Oct.. 8.1901
Feb. 7,1903
Aug. 11,39.00
Oct. 7.1902

Capital
stock

Receiver
appointed

$75,000 Aug. 25,1924
100,000 Aug. 30,1924
50,000 Sept. 4,1924
30,000 Sept. 20,1924
25,000 Oct. 4,1924
25,000 Oct. 6,1924
35, 000 Oct. 23,1924
25, 000 Oct. 28,1924
do.
30, 000
200,000 Oct. 30,1924
25,000 N o v . 7,1924
100,000 N o v . 12,1924
35, 000 N o v . 13,1924
100,000 N o v . 14,1924
50,000 N o v . 22,1924
50,000 N o v . 24,1924
25,000 N o v . 25,1924
50,000 Dec. 3,1924
do.
50,000
50,000
do
30,000 Dec. 9,1924 |
50,000 Dec. 16,1924 :
50,000 Dec. 26,1924
25,000 Dec. 27,1924
25,000 Jan. 3,1925
25,000
do
50,000 Jan. 7,1925
50,000
do.
60,000 Jan. 8,1925
50,000
.do.
80,000 Jan. 12,1925
25,000 Jan. 15,1925
50,000
do.
25,000 Jan. 16,1925
50,000 Jan. 17,1925
25,000 Jan. 21,1925
25,000 Jan. 22,1925
25,000 Jan. 24,1925
150,000 Jan. 26,1925
do.
50,000
50,000 Jan. 27,1925
75,000 Feb. 5,1925
50,000 Feb. 7,1925
do
25,000
do.
75,000
do
200,000
100,000 Feb. 11,1925
do.
100,000
200,000 Feb. 13,1925
80,000
.do.
25,000
do
25,000
do.
25,000 Feb. 14,1925
25,000
.do.
80,000 Feb. 18,1825
25,000 Feb. 21,1925
25,000
.do.
25,000 Mar. 2,1925
25,000
.do
50,000 Mar. 3,1925
25,000 Mar. 7,1925
200,000 Mar. 9,1925
50,000 Mar. 13,1925
100,000 Mar. :16,1925
50,000 Apr. 2,1925
150,000 Apr. 6,1925
25, 000 Apr. 10,1925
45,000
do
25,000 Apr. 13,1925
400/000 i Apr. 17,1925
25, 000 ' Apr. 22,1925
25, 000 Apr, 23,1925
25, 000 Apr. 24,1925
30,000 May 1,1925

REPORT OF THE COMPTROLLER OP THE CURRENCY

253

appointment of receiver, and dosing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining
Nominal assets at date of suspension
Estimated
good

Estimated
doubtful

Estimated
worthless

Additional
assets received since
date of
suspension

Total assets

$9,844
6.298
8; 526
199
512
38,978
13, 862
119, 459
44, 944
6,795
45,312
3,153
3,594
3,959
23, 667
12,205
7,802
2,345
9,346
8,970
9,086
74,012
51, 808
4,794
3,408
3,233
2,196
29,092
8,444
23, 800
13,829
10, 844
5,653

$351,154
410, 632
199, 658
56, 428
57, 077
410, 907
336, 723
339, 904
1,915,928
296. 476
1,510, 846
99,543
285, 459
618, 409
827, 449
245, 788
423, 027
263, 438
279,149
866, 254
392, 580
451,144
362, 886
311,850
33,876
359,988
198, 619
1,078, 760
194, 254
981, 789
286,060
300, 095
253,428

$27,828
15,144
2,324
23
261
12,084
18,174
15,815
258, 033
11, 484
17, 313
16,844
5, 854
12, 739
19,222
15,174
8,959
6,884
25,102
8,863
47,233
50,089
22,783
16, 389
1,154
22, 717
3,624
41, 558
1,401
16,794
21,765
56, 534
6,962

216, 853
161,392
276, 580
934,833
209,835
152, 700
872,600
275,639
344,234
551, 723
1,368,722
593,434
1,189,994
6,702
243,446
166,450
169,436
543,501
485, 239
394,462
405,240
406, 250
151,895
343,876
837, 750

13,842
2,566
23,153
86,925
690
3,974
11,073
24,477
1,699
36,172
37
18,282
45, b38
4,635
648
11,470
22,975
37,698
3,189
7,903
9,536
2,005
156, 521

Loss on assets
Offsets
compounded
allowed
or sold
and settled order ofunder
court

$122, 629
78,105
66, 588
13, 044
33, 340
209, 287
76, 607
171, 843
915, 858
100, 759
728, 525
62, 562
81, 215
194, 730
510, 551
89, 453
85, 653
95, 679
157,173
69, 229
258,131
234, 591
78,464
86, 664
6,986
171, 583
39, 730
226,188
26, 919
340,171
73,979
317,882
73,357

$145, 815
240, 590
89, 377
31, 565
9, 824
93, 641
146, 581
40, 589
754, 488
75, 474
286, 488
13, 671
114,117
295, 553
212, 738
120, 273
200, 411
97,131
66, 323
417, 626
25, 546
66,923
146, 527
114, 512
20, 625
102, 568
75,311
330,013
52, 930
342, 825
101,441
105,566
106,969

$72,866
85,639
35,167
11, 620
13,401
69, 001
99, 673
8,013
200,838
113, 448
450, 521
20,157
86, 533
124,187
80, 493
23, 857
129,161
68,283
48, 307
370,429
99, 817
75,818
86,087
105,880
2,857
82, 604
81.382
493; 467
105, 961
275,193
96,811
65,803
67,459

98, 536
11, 592
132, 279
282,949
108,643
46, 072
462,489
121,388
158,311
276, 265
231,376
187, 303
597,405
6,600
19,861
58, 555
27.301
105,342
202,858
109,006
98,188
183,494
34,155
59,946
566, 624

66,307
60, 558
99, 534
351,688
44, 232
61, 249
214,831
126,969
105,849
153, 733
643,034
259,814
223,923

49,126
85,300
19,411
284, 520
55, 780
44,929
172,325
21,142
76,571
113,575
486,938
134,405
351,952

131,385
50,830
128,634
173, 594
118, 611
156,439
114, 209
147,202
102,570
147, 713
5,820

90,342
49,602
12,127
255,420
148,063
125,051
130,451
72,374
4,616
130,588
27

2,884
3,942
25,356
15,676
1,180
450
22,955
6,140
3,503
8,150
7,374
11,912
16,714
102
1,853
7,463
1,374
9,145
15,707
3,966
62,392
3,180
10, 554
6,631
265,279

114,952
77,160
121,723
308,378
438, 483
113, 950
45,073
108, 324
1,916, 328
85, 818
39, 580

210,730
117,326
92,454
154,731
263, 743
153, 301
117, 240
108, 699
743, 757
56, 263
104,974

118, 252
382.089
441,139
147,372
227,107
101,382
25,056
53, 555
585, 896
70,156
44,317

6,128
10,886
7,242
5,077
29,749
2,033
1,088
10,815
20,099
5,665
6,951

450,062
587,461
662,558
615.558
959; 082
370, 666
- 188,457
279, 393
3,266,080
217,902
195, 822

16, 217
9,509
5,350
30,982
37,359
10,001
1,008
11,906
155, 762
2,478
5,173

1,617
810
124,796

84,230

225,61(3

206, 922

6,175

522, 343

7,627

514




$4,469
168, 795

798
121,028
484, 351
36,163
741
23,589
67,182
16,178
3,000
1, 664
787
3,450
23, 742
18,066
786
59, 660
3,000

10,488

837

640
189,658
379

1,313
3,668
23,504

7,071
1,870
2,515

840
841
842
843
844
845
848
847
848
849
850
851
852
853
854
855
856
857
858
859
860
861
862
863
804
8G5
886
867
863
869
870
871
872
873
874
875
876
877
878
879
880
881
882
883
884
885
888
887
888
889
890
891
892
893
894
895
897
898
899
900
901
902
903
904
905
906
907
908
909
910
911
912
913

254

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National banks in charge of receivers, dates of organization,
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued
Nominal
value of
remaining
uncollected
assets
840

841
842
843
844
845

846
847
848
849
850
851
852
853
854
855
856
857

858
859
860
861

862
863
864
865
866
867
868
869

870
871
872

873
874

875
876
877
878
879
880
881
882
883
884
885

886
887
888
889
890
891

892
893
894

895
896
897
898
899
900
901
90?
903
904

905
906
907
908
909
910
911
912
913

Assets
returned
to stockholders'
agent

$Oftl 975

Collected
from
assets

Collected
Total
from
assessment collections
upon share- from all
sources
holders

$150,312
272,479
68, 782
6,674
20, 672
38,003
59,945
223, 521
1,2G0, 824
49,186
383,303
28,147
146, 071
588,488
258, 509
75, 767
106,825
86, 682
116, 526
130,370
133, 221
275,622
102, 218
112, 790
14, 656
137,196
38, 275
311, 985
35, 088
264, 502
55, 836
38,100
78, 347

$74,832
192,369
40, 655
3,996
10, 848
26, 318
33,124
35, 623
91, 538
6,351
192,309
9, 365
11,446
128, 737
137,340
59,852
53,311
39,944
26, 500
77, 547
27,920
70,415
36, 396
30, 731
6,644
10, 641
10,237
72, 019
18, 994
180, 620
5,942
17,158
35, 515
47, 761
4,031
1,788
188, 741
30, 410
5, 577
65, 297
29, 284
22. 923
20, 784
60. 995
113, 253
38,902
94,974

34, 450

85, 261
14, 838
125, 568
324, 970
42, 292
26, 549
205, 111
87, 894
42, 972
313, 860
193,050
252, 657
444, 204
101, 676
73, 508
60, 894
18, 914
88, 819
190, 709
71, 482
103, 372
83, 615
52, 967
28, 247
284, 855

55, 890
124, 848
165, 286
213, 540
259, 659
42, 642
29,947
96, 878
764, 531
44,103
21,191

43, 750
40, 894
5,125
1,800
52,825
4,425
12,340
16, 580
5,800
7,259
7,225

99, 640
165, 742
170, 411
215, 340
312,484
47,067
42, 287
113,458
770, 331
51,362
28,416

27,126
69, 843
93, 726
870
51,163
63
28, 692
59,116
628,993
18, 570
35

92,138

6,728

98,866

52,338

$116,882
226,693
62, 957
5,124
14,197
37,700
53, 665
203, 061
1,173, 544
35, 845
308,234
27,347
98,171
538,488
228, 009
71, 517
94,750
73,157
100, 326
123,196
128, 871
241,604
100, 718
97, 229
14, 656
97,763
25, 625
271, 055
29, 595
224,183
43, 999
32,300
76,147

$33,430
45,786
5,825
1,550
6,475
303
6,280
20,460
87, 280
13,341
75,069
800
47.900
50,000
30,500
4,250
12,075
13, 525
16,200
7,174
4,350
34, 018
1,500
15, 561

69, 611
13, 838
121, 068
252, 435
39,442
7,699
181, 081
65, 519
37, 222
266, 293
94,950
194, 093
405, 854
6,702
10,133
44, 990
17, 914
82,119
189, 709
70, 432
95, 872
66, 565
45, 867
28, 247
250, 405

15, 650
1,000
4,500
72, 535
2,850
18, 850
24, 030
22, 375
5,750
47, 567
98,100
58, 564
38, 350
94, 974
63, 375
15,904
1,000
6,700
1,000
1,050
7,500
17, 050
7,100

376, 338
452, 294
367,126
371, 036
654,993
318, 023
157, 502
168, 739
2,343,272
171, 321
169,458
422,064

134,377
51,281
42, 619
360,325
264,884
249,147
1,149,136
54, 611
157,845
564,040
159, 097
316,318
183,397
153, 721
732,531
216,476
158, 664
235, 935
174,490
238, 722
169,370
706,487
160, 258
740, 812
220, 296
211, 261
159, 841
133, 400
144, 988
131, 522
595, 473
169, 703
141,027
680, 446
185, 003
305, 313
249, 258
1, 084, 077
380, 680
738, 802
233, 313
115, 512
150, 874
449, 912
268, 887
262, 828
306,179
331, 782
96, 492
313, 624
430,824 -----




Secured
and
preferred
liabilities
paid

39,433
12, 650
40, 930
5,493
40, 319
11, 837
5,800
2,200

30, 500
9,321
366
39, 354
41, 595
62, 076
1,589
22, 428
11, 852
45, 838

Dividends
paid

$56,679
51, 3 01

Legal
expenses

$266
3,653
991
47
18

178, 628
1,136,115
9,276
109, 246
456, 678

58, 203
70,493
171, 541
52, 876
7,035
77, 864
82,160

333
645
2, 757
3,069
734
1,837
258
562
257
857
57
90
25
942
• 1, 522
205

458
439
51
2,880
2,038
1, 772
208
903
381

122 !
15, 991
82, 792

110
88
242
484
26
479
647

274, 568

579
824

65, 719

309
2,716

12, 292

40

128,152

2

1,067
34
33

140
68
551
120
1,609
68
222
13

REPORT OF THE COMPTROLLER OP THE CURRENCY

255

appointment of receiver, and closing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining

Balance in
Receivers'
hands of
salary
comptroller
and other
and
expenses
receiver

$9,294
10,152
5,540
790
3,651
5,908
6,279
6,513
30,102
7,723
9,399
3,850
6,799
2, 816
11,297
4,246
3,773
3,181
6,999
8,184
5,668
11, 530
5,431
5,878
926
8,418
4,431
10, 558
3,545
9,272
4,781
2,098
5,486

Amount
returned
to shareholders in
cash

Amount
of claims
Droved

37, 407
21,569
145,476
12,341
73, 707
44, 732
18,844
37, 224

$100,000
50,000
30,000
25,000
25,000
35,000
25,000
30,000
200,000
25,000
100, 000
35, 000
100,000
50,000
50,000
25,000
50, 000
50,000
50,000
30, 000
50,000
50,000
25,000
25,000
25,000
50,000
50, 000
60,000
50,000
80,000
25,000
50,000
25,000

$144,653
128, 253
105, 717
16, 526
32,400
262, 961
251, 890
190, 080
658, 013
255, 519
1,057,671
46,437
145, 661
6, 023
700, 944
108,134
295, 890
175,434
233, 729
568,415
201, 388
343, 358
131, 819
224, 099
5,995
283, 276
63, 251
821, 596
71,317
607, 111
150,330
51,821
141,833

25,000
25,000
25,000
150,000
50,000
50,000
75,000
50,000
25,000
75,000
200,000
100,000
100,000
200,000
80,000
25,000
25,000
25,000
25,000
80,000
25,000
25,000
25,000
25,000
50,000

106, 604
65,477
186,199
429,410
105,038
94,097
531,841
160, 781
249,191
392,244
923,116
275, 738
891, 628

3,020
2,829
3,726
4,867
8,542
4,331
5,024
3,017
3,903
5,260

17,601
7,986
116,156
45, 578
7,327
18,053
130,332
53,335
16,275
11,436
122,700
68, 392
390, 886
6,702
73, 508
15,042
6,764
84,725
18,336
20,278
36,931
77,002
27,522
12,459
233, 757

8,981
6,126
4,364
5,870
10,836
4,431
1,332
3,134
12, 971
2,352
1,498

63,393
89, 705
71, 770
208,480
248,876
42,505
12, 263
50, 986
128, 354
30,440
26,883

200,000
50,000
100,000
50,000
150,000
25,000
45,000
25,000
400,000
25,000
25,000

118,801
249,950
233,036
517, 785
390, 895
207, 996
102,197
145,052
7,410
188,168
72,096

3,762

42, 766

30,000

288,420

3,798
2,733
7,382
7,375
4,529
2,919
9,003
4.628
3^774
6,493
8,531
4,984
11, 700

$9,241
15,004
21, 596
1,841
6,155
5,446
19,897

Amount of
assessment
upon
shareholders

34, 378
179, 758
5,398
18, 018
109,015
11,612
49,651
43, 532
23,882
43,117
28,935
22,136
59,933
22, 866

137,000
123,226
111,031
452, 631
366,359
168,975
235,479
332,945
75,308
90,576
459, 551

Interest
Dividividends
Finally closed
(per cent) dends
(per cent)

40
40

92. 496
75

Sept. 30,1925
June 28,1925

20
75
100

Mar. 31,1925

25
35
50
25
100
30

100

Sept. 30,1925

10

15
20

70
25

10
35
894
895
897
July 15,1925




841
842
843
844
845
846
847
848
849
850
851
852
853
854
855
858
857
858
859
860
861
862
883
864
885
866
8G7
808
869
870
871
872
873
874
875
876
877
878
879
880
881
882
883
884
885

900
901
902
903
904
905
906
907
908
909
910
911
912
913

256

REPORT OF THE COMFT&QIuLEE OF THE CURIfcEN€Y

TABLE: No. 43.—National banks in charge of receivers, dates- of
g
^
amounts collected from all sources, loans paid and other disbursements, losses on
assets returned to stockholders to year ended October 31, 1925—Continued

Title and location of banks

914
915
916
917
918
919
920
921
922
923
924
925
925
927
928
931
932
933
934
935
936
937
938
939
940
941
942
943
944
945
946
947

Date of
organization

Capital
stock

First National Bank of Las Vegas, East Las Vegas, N.
Mex
„.
First National Bank, Conyers, Ga
.
Hugo National'Bank, Hugo, Okla_
___
First National Bank, Carnegie, Pa
Burgettstown National Bank, Burgettstown, P a . .
First National Bank, Selma, N. C
First National Bank, Madison, S. Dak
Farmers National Bank. Louisburg, N. C
_
First National Bank, Florence, S. C
_
First National Bank, Clear Lake, S. Dak._.
___,
First National Bank, Grand on, Wis
City National Bank, Hugo, Okia
First National Bank, Springer,. N. Mex
Merchants National Bank, Detroit, Minn
First National Bunk, St, Cloud, Minn
First National Bank, Simla, Colo
First National Bank, Abercrombie, N. Dak
._
First National Bank, Wausa, Nebr.
First National Bank, Redwood Falls, Minn
_
First National Bank, Lumberton, N. C
First National Bank, Walters, Okia
First National Bank, Lake Park, Minn
First National Bank, Sbeyenne, N. Dak
First National Bank, Devol, Okia
_
First National Bank, Dell Rapids, S. Dak
Globs National Bank, Denver,. Colo..
_
First National Bank, Libby, Mont.
First National Bank, Warren, Minn.
_
.___
First National Bank, Winifred, Mont
__
First National Bank, Hallock, Minn_
___
First National Bank, Buffalo, Minn
_
Manilla National Bank, Manilla, Iowa
Love!and National Bank, Loveland,. Colo.
__
Winner National Bank, Winner, S» Dak

Aug. 25,1879
Sept. 3,1918
Apr. 11,1905
May 16,1892
Jan. 25,1879
May 7,1915
Mar. 29; 1884
Aug. 1,1912
Mar. 23,1910
June 28,1922
Mar. 16,1909
Feb. 10,1922
Oct. lS,i919
Feb. 9,1905
Sept. 25,1882
May 10,1919
Aug; 25,1906
Mar. 27,1911
Mar. 11,1901
July 21,1904
Jan. 10,1903
Feb. 10; 1904
Aug. 28,1907
Nov. 4,1919
Apr. 21,1880
Feb. 5,1920
Oct. 25,1909
May 18,1901
May 17,1917
Aug. 5,1903
June 7,1917
Nov. 12,1901
Feb. 14,190(5
Sept. 20,1921

$200,000
75,000
200,000
100, 000
100,000
30,000
50,000
25,000
150; ooo
25,000
50,000
100,000
50,000
60,000
250,000
25,000
25,000
75,000
70,000
50,000
50,000
25,000
25,000
25,000
60,000
200,000
40,000
50,000
25,000
60,000
50,000
25,000
100, 000
60,000

Total..




23,105,000

Receiver
appointed

May 4,1925
May 12,1925
do-.
.do.
May 14,1925
May 16,1925
May 21,1925
May 22,1925
.do
May 25,1925
May 29,1925
June 5,1925
June 15,1925
June 22,1925
June 24,1925
June 25,1925
June 30,1925
July 9,1925
July 29,1925
Aug. 4,1925
Aug.. % 1925
Aug. 24,1925
Sept.. 8,1925
Sept. 17,1925
Sept. 26,1925
Oct. 1,1925
Oct. 6,1925
Oct. 10,1925
Oct. 15,1925
Oct. 16,1925
Oct. 17,1925
Oct. 2U, 1925
Oct. 22,1925
Oct. 24,1925

REPORT OF THE COMPTROLLER OP THE CURRENCY

257

appointment of receiver, and closing, with amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining
Nominal assets at date of suspension
Estimated
good

$432,119
69,206
462,972
1,138, 223
975, 738
165, 454
237,384
70,087
1,360, 861
146, 042
242, 760
105, 551
183,276
151,253
686,888
44, 508
106, 552
221,012
88, 616
398, 701
94,835

Estimated
doubtful
$321,751
155,373
397,029
511,485
497.425
104,954
207,006
50,269
87,000
165,713
232,165
107,021
30, 540
273,838
1,451, 826
35, 681
89, 517
253,375
303,046
105, 297
138,374

Estimated
worthless

$353,190
56,230
494,309
317, 405
524, 290
29,654
279,242
208,973
158, 704
43,489
167, 571
50.267
204; 814
398,048
36,148
58, 524
305, 255
127,066
124,823
63,640

Additional
assets received since
date of
suspension

Total assets

$21,403
1,093
39,250
10,628
11,719
1,409
3,492
1,661
14,934
10,160
8,839
7,841
2,240
3,517
27,096
632
4, 593
5,256
7,805
2,953
718

$1,128,463
281,902
1,393, 560
1,977, 741
2,009,172
301.471
727,124
131,017
1,671,768
480, 609
527, 253
387,984
266, 323
633, 422
2, 563, &38
116. 967
259,187
784,898
526, 533
631, 779
297, 567

Loss on assets
Offsets
compounded
allowed
or sold
and settled order ofunder
court

$90,351
179
86,283
80,021
39,976
183
8,549
3,222
108, 945
3,643
7,957
6, 423
4. 397
15, 249
38, 433
2,848
5,804
5,654
5,820
1, 386

$16, 236

68,425

914
915
916
917
918
919
920
921
922
923
924
926
927
928
930
931
932
933
QQt-

936
987
939
940
941
942
943
944
945
946
947
79, 534,09&

82,287,038




48,870,768

17,459,251

228,151,155

14, 947,055

16, 914, 760

258

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 43.—National banks in charge of receivers, dates of organization'
amounts collected from all sources, loans paid and other disbursements, losses on
assests returned to stockholders to year ended October 31, 1925—Continued
Nominal
value of
remaining
uncollected
assets

914
915
916
917
918
919
920
921
922
923
924
925
926
927
928
929
930
931
932
933
934
935
936
937
938
939
940
941
942
943
944
945
946
947

Assets
returned
to stockholders'
agent

Collected
Total
from
collections
assessment
from all
upon sharesources
holders

$210,189
18,682
256,481
889,481
706,313
36,121
73,417
12,600
991, 637
33, 517
135,513
45, 056
62, 726
84, 248
220, 337
23,461
60, 078
56,333
62, 712
160, 627
2,455

$811,687
263,041
1, 050, 796
1,008, 239
1, 262, 883
265,167
645,158
115,195
502,761
443,449
383, 783
336, 505
199, 200
533, 925
2,305, 088
90, 658
193,305
722, 911
458, 001
469, 766
295,112

111, 293,121

Collected
from
assets

$182,645




$19,150
1,803
24,006
500
500
5,487
9,475
275

84,813,574

7,099,143

1,725
14, 890
3,098
2, 000
19, 883
13,325
5,575
4,100
5,500
1,016
6,640

Secured
and
preferred
liabilities
paid

$229,339
20,485
280,487
889,981
706, 813
41, 608
82, 892
12,875
991, 637
35, 242
150, 403
48,154
64, 726
104,131
233, 662
29,036
64,178
61, 823
63, 728
167, 267
2,455

$37,835
17,291
164,552
111,119
70,460
20,264
41,257
3,208
325,321
5,440
49, 527
13,173
40, 282
52,378
111,512
4,904
137
22,537
15,215
80,054

91,912,717

39,114,349

Dividends
paid

Legal
expenses

$373
301
$566,481
589
646, 758

53
40
176
343
88
457
17
12
7

32,653,156

977,317

REPORT OF THE COMPTROLLER OF THE CXJEEENCY

259

appointment of receiver, and closing, ivith amounts of nominal and additional assets,
assets, expenses of receiverships, claims proved, dividends paid, and remaining

Receivers'
salary
and other
expenses

Balance in
hands of
comptroller
and
receiver

$6,047
1,409
4,738
7,232
8,173
2,514
3,238
1,602
5,767
3,271
4, 437
1,076
1, 536
3,381
6,600
2,014
2,224
2,064
2,115
2,770
820

$185,084
1,785
110,896
205,149
628,180
18,241
38, 397
8,012
13, 751
26, 355
96,096
33,817
22,908
48, 372
115,093
22,101
61,805
37,232
46,398
84, 436
1,635

4,605,034

Amount
returned
to shareholders in
cash

14,210,110




Amount of
assessment
upon
shareholders

$200,000
75,000
200,000
100,000
100,000
30, 000
50,000
25,000

Amount
of claims
proved

$658,156
154,682
454, 605
1, 420, 415
709, 644
272, 914

Interest
Dividividends
Finally closed
dends
(per cent) (per cent)

40

62, 247
60

25,000
50,000
100,000
50,000
60,000
250JJ00
25*000
25,000
75,000
70,000
50,000
50,000

$352, 751

273,095
48, 370
208,294

20,150,000

125, 566,586

175, 937
106, 702
59,003

447, 709
163,356

914
915
916
917
918
919
920
921
922
923
924
925
926
927

<m
929
930
931
932
933
934
935
936
937
938
939
940
941
942
943
944
945
946
947

260

BEPORT OF THE COMPTROLLER OF THE CURRENCY

TA<6LE NO* 44.—National banks restored to solvency after having been pfa&ed in
charge of receivers
Title and location of bank
Abington National Bank, Abington, Mass
Farley National Bank, Montgomery, Ala.
First National Bank, Arkansas City, Kans
City National Bank, Brownwood, Tex
Citizens National Bank, Spokane Falls, Wash
First National Bank, Pbilipsburg, Mont
Bozeman National Ban-k, Bozeman, Mont
Montana National Bank, Helena, Mont
First National Bank, Great Falls, Mont
First National Bank, Kankakee, 111
First National Bank, Orlando, Fla _ _
Citizens National Bank, Muncie, Ind
First National Bank, Port Angeles, Wash..
State National Bank, Denver, Colo_
American National Bank, Denver, Colo
,
First National Bank, Sioux City, Iowa>
Hampshire County National Bank, Northampton, Mass
Seventh National Bank, New York, N Y
First National Bank, Austin, Tex
_
Bolivar National Bank, Bolivar, Pa
_
_.
Federal National Bank, Pittsburgh, Pa
•_
First National Bank, Allegheny, Pa__
First National Bank, Brooklyn, N. Y
Union National Bank, Sommerville, Pa
First National Bank, Burnside, Ky___.
First-Seeond National Bank, Pittsburgh, Pa
Marion National Bank, Marion, Kans
First National Bank, Gallatin, Term..
_.
American National Bank, Pensacola, Fla
_
First National Bank, Islip, N. Y._.._
__
Farmers and Merchants National Bank, Mount Morris, Pa_
Union National Bank, Providence, Ky
First National Bank, Perry, Ark____
_
Third National Bank? Fitzgerald, Ga
Wharton National Bank, Wharton, Tex
First National Bank, Casselton, N. Dak
First National Bank, Daytona, Fla
_._
First National Bank, Killeen, Tex
First National Bank, Streeter, N. Dak
State National Bank, Carlsbad, N. Mex
Nocona National Bank, Nocona, Tex__
First National Bank, Tombstone, Ariz
_
First Rational Bank, Lafayette, Colo
First National Bank, Poplar, Mont
First National Bank, Lawton, Okla.
National Bank of Hastings, Hastings, Okla
First National Bank, Mohall, N. Dak
First National Bank, Ackerman, Miss
Merchants National Bank, Ada, Okla
_
_
First National Bank, Watts, Calif
First National Bank, Wetumka, Okla
First National Bank, Tower City, N. Dak
Milnor National Bank, Milnor, N* Dak
First National Bank, Spanish Fork, Utah
Citizens National Bank, Jamestown, N. Dak
Citizens National Bank, Sisseton. S. Dak
Farmers National Bank, Red Oak, Iowa
Powell National Bank, Powell, Wyo
_
First National Bank, Walhalla, N. Dak__
City National Bank, MeAloster, Okla
First National Bank, Volant, Pa

Receiver
appointed
Aug. .,.
Oct. 7,1891
June 15,1893
June 20,1893
July 1,1893
July 8,1893
July 23,1893
Aug. 2,1893
Aug. ^1893
do.
Aug. 14,1893
do—
Got. 5,1893
Aug. 24,1895
July 26,1896
Jan. ?, 1897
May 23,1898
June 27,1901
Aug 3,1901
Oct. 1,1903
Oct. 21,1903
Oct. 22,1903
Oct. 25,1907
Oct. 16,1908
Sept. 17,1909
July 7,1913
Jan. 12,1914
Mar. 25,1914
Sept. 2,1914'
Dee. 30,1914
Feb. 4,1915
Feb. 12,1915
May 17,1915
June 3,1915
July 29,1915
Dec. 6,1915
Apr. 16,1917
Nov. 16,1920
Feb. 16,1921
Mar. 19,1921
Mar. 25,1921
Aug. 25,1921
Sept. 16,1921
Nov. 9,1921
Dec. 12,1921
Dec. 22,1921
Jan. 4,1922
Jan. 12,1922
Feb. 20,1922
June 20,1923
Oct. 2,1923
Nov. 7,1923
Nov. 28,1923
Jan. 28,1924
Mar. 21,1924
Mar. 24,1924
Mar. 27,1924
do
June 23,1924
June 24,1924
Mar. 7,1925

Total, 61 banks..

Capital
stock
$150,000
100.000
125,000
150,000
150,000
50,000
50,000
600,000
250,000
50,000
150,000
200,000
50,000
300,000
500, 000
100,000
250,000
500, 000
100, 000
30, 000
2,000, 000
350, 000
300, 00Q
50, 00Q
25,000
3,400, OQQ
25,000
50,000
300, 000
25,000
25, 000
25,000
25, 000
50, 000
30, 000
50,0C0
50,000
50,000
25,000
75, 000
50,000
25,000:
25,000
25, 000
200, 000
25,000
25,000
25. 000
100, 000
50, 000
40, 000
50, 000
30,000
25,000
50,000
50, 000
GO, 000
40,000
25,000
50,000
25,000
11,680,000

NATIONAL BANKS WHICH FAILED SUBSEQUENT TO SOLVENCY

Citizens National Bank, Spokane Falls, Wash.1
First National Bank, Port Angeles,1Wash.1
First National Bank, Orlando, Fla.
First National Bank, Arkansas City, Kans.1
Ben Hill National Bank, Fitzgerald, Ga.12
State National Bank, Carlsbad, N. Mex.i
First National Bank, Mohall, N. Dak.1
1
First National Bank, Lawton, Okla.1
First National Bank, Poplar, Mont.

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

3,1894
26,1895
29,1895
19,1899
6,1916
25.1924
22.1925
18.1922
17.1923

Total, 9 banks..

1 Second failure.



150,000
- 50, 000
85,000
100,000
50,000
75,000
25, 000
200, OCX)
25, 000
760,000

2

Formerly ''Third National -Bank."

REPORT OP THE COMPTROLLEB OP THE CURRENCY

261

TABLES NO. 45.—Dividends paid to creditors of insolvent national banks during the
last year, with the total dividends in each case up to November 1,1925
Dividends paid during the year
Name and location of bank

Date of appointment of
receiver

First National Bank, Abbeville, Ala

Nov. 14,1924

National Bank of Abbeville, Abbeville,
B.C.

Feb. 7,1925

State National Bank, Albuquerque,
N. Mex.

Apr. 14,1924

Date

Amount

Mar. 18,1925
June 16,1925
May 13,1925
June 18,1925
July 8,1925
Aug. 13,1925
Aug. 31,1925
Feb. 4,1925

$106, 517. 68
i 2, 727. 83
194, 617. 57
1
1, 307. 05
39,184. 50
i 235.13
39, 223. 69
408, 625. 72

Apr. 9,1925
July 24,1925
June 23,1924 Jan. 6,1925
Jan. 8,1925 Sept. 15,1925
Nov. 7,1924 Oct. 28,1925
Dec. 5,1922 Jan. 5,1925
Feb. 11,1925
Mar. 14,1925
do
Sept. 11,1925
Oct. 27,1925
First National Bank, Baker, Mont.
May 20,1924 Mar. 11,1925
Aug. 13,1925
do
The National Bank of Barnesville, Ohio_. Nov. 14,1923 Dec. 24,1924
do
First National Bank, Basin, Wyo
June 14,1924 Aug. 13,1925
Jan; 24,1924 Mar. 21,1925
First National Bank, Beach, N. Dak
July 24,1925
Union National Bank, Beloit, Kans
Nov. 13,1923 May 21,1925
June 3,1925
July 24,1925
Oct. 23,1925
Farmers National Bank, Big Sandy, Jan. 3,1922 Sept. 30,1925

1 23, 714. 38
i 5, 567. 07
10, 586. 66
82,159. 58
24, 561. 68
i 1, 882. 42
i 3, 315. 65
39,092. 72
19.87
l 881. 02
1
51. 41
45, 729. 67
13,162. 88
i 340. 44
1 8,195. 12
135, 760. 62
27, 706. 16
43, 399.12
i 1, 526. 35
80, 244. 65
1
12, 857. 55
* 1, 589, 45
1 1, 200. 00
5,404. 03

First National Bank, Alexandria, S. Dak.2
First National Bank, Alexandria, Minn__
First National Bank, Alma, Wis
_
State National Bank, Ardmore, Okla

Mont.
American National Bank, Billings, Mont- Sept. 23,1922 Mar. 7,1925
Edwards National Bank, Booker, Tex . . Dec. 12,1921 June 10,1925
First National Bank, Bottineau, N. Dak_. Apr. 12,1923 Jan. 15,1925

Apr. 27,1925
Apr. 28,1925

First National Bank, Bridgewater S. Dak. July 18,1924 Jan. 27,1925

Bristow National Bank, Bristow, Okla... July 21,1924
First National Bank, Bristow, Nebr.

Mar. 24,1924

Farmers National Bank, Burlington, Kans May 21,1924

First National Bank, Carlsbad, N. Mex.. Apr. 28,1924
National Bank of Carlsbad, N. Mex
First National Bank, Carnegie, Pa

Feb. 6,1924
May 12,1925

First National Bank, Carter, Mont_.
First National Bank, Center, Tex._.

Nov. 9.1923
Dec. 3.1924

Citizens2 National Bank, Centerville,
Tenn.
Farmers National Bank, Chandler, Okla__
First National Bank, Charlo, Mont

Oct. 28,1924
Apr. 10,1925
Feb. 20,1924

Feb. 13,1925
Apr. 10,1925
June 18,1925
July 9,1925
June 5,1925
July 31,1925
Mar. 14,1925
do
Nov. 28,1924
Jan. 29,1925
Apr. 6,1925
do
July 9,1925
May 28,1925
Aug. 17,1925
Oct. 15, 1925
Aug. 13,1925
---.:do
Sept. 22,1925
Oct. 27,1925
do
July 29,1925
July 6,1925
Aug. 5,1925
Sept. 4,1925
Oct. 15,1925
Sept. 10,1925
Oct. 29,1925
Jan. % 1925
Mar. 31, 1925
Apr. 21,1925

Per
cent
75
50
10
10
30

70

30
2.4
10
10

10
10

30
35
10
45
15
10
10

10.5

l 1,391. 97
5,796.11
1 63. 76
1
354. 34
37, 840. 70
10
51, 238. 24
25
1 1,064. 04
i 169. 39
31, 482. 20
i 323. 59
3,474. 92 100
1 115. 72
1 132. 76
21,007. 24
15
35, 592. 93
10
1 435. 49
36, 224. 97
10
i 197. 54
i 127. 24
163,107. 87
40
i 1, 630. 88
1
20, 616. 97
78, 215. 99
488, 653. 59
40
1
77, 827. 01
142, 398. 45
10
1
3,109, 28
12, 225. 90
20
56, 204. 56
25
1 1,770.11
1
240. 56
1263.45
139,182,25
66.67

"16"""

38, 381. 37
10,342. 39
i 146. 84
6, 293. 53

Total
dividends
paid to
creditors
(per
cent)

15
25

15
10.5
10
20
25

40

30

20
40
10

50
20

25
15

1 Represents payments made during the year on additional claims on account of dividends previously
declared.
2
See page
266.


262

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 45.—Dividends paid to creditors of insolvent national banks during the
last year, with the total dividends in each case up to November 1, 1925—Con.
Dividends paid during the year
Name and location of bank

Date of appointment of
receiver

Date

Citizens National Bank, Cheyenne, Wyo July 21,1924 May 22,1925
July 31,1925
Sept. 16,1925
July 9,1924 June 3,1925
First National Bank, Cheyenne, Wyo __.
June 30,1925
Sept. 16,1925
First National Bank, Clarkston, Wash... Feb. 12,1924 Apr. 13,1925
June 4,1925
Oct. 27,1925
Oct. 27,1921 Aug. 13,1925
National Bank of Cleburne, Tex
Apr. 2,1923 Nov. 24.1924
First National Bank, Clifton, Ariz.
Apr. 10,1925
First National Bank in Clovis, N. Mex._ Sept. 4,1924 Sept. 16.1925
Aug. 14,1923 Feb. 24,1925
First National Bank, Colquitt, Ga
Nov. 22,1922 Dec. 15,1924
First National Bank, Colusa, Calif
Feb. 25,1925
Condon National Bank, Condon, Oreg.. Dec. 18,1923 Feb. 16,1925
Corydon National Bank, Corydon, Ind_. Mar. 8,1922 Jan. 8,1925
First National Bank, Cotton Plant, Ark_. Apr. 7,1922 Sept. 2,1925
July 16,1921 Sept. 26,1925
First National Bank, Crawford, Tex
Merchants National Bank, Crookston, Mar. 24,1924 Nov. 13,1924
Nov. 25.1924
Minn.
Jan. 2,1925
Jan. 28,1925
Mar. 10.1925
May 19,1925
Citizens National Bank, Crosby, N. Dak. Mar. 21,1923 June 4,1925
Dakota National Bank, Dickinson, Feb. 7,1924 Jan. 14,1925
Oct. 15,1925
N. Dak.
do._____
First National Bank, Dodge, Nebr.*
Nov. 22,1924 Mar. 19,1925
Drovers National Bank, East St. Louis, May 22,1924 Dec. 5,1924
Feb. 3,1925
111.
Second National Bank, Elkton, Md
City National Bank, El Paso, Tex

Feb. 18,1922
May

8,1924

National Border Bank, El Paso, Tex.*
Emmetsburg National Bank, Emmitsburg, Iowa.
First National Bank, Eureka, S. Dak
Farmers <e Merchants National Bank,
f
Fairbury, Nebr.

Aug. 20,1920

First National Bank, Fairfield, Idaho

Aug. 26,1920

Oct. 30,1924
Mar. 11,1921

Mar. 15,1924

First National Bank, Forsyth, Mont
First National Bank. Fort Sumner,
N. Mex.

Dec. 18,1923
Feb. 26,1924

First National Bank, Qering, Nebr
First National Bank, Grandfield, Okla

do
July 21,1923

May 14,1925
May 28,1925
Aug. 27,1925
Apr. 20,1925
May 13,1925
Jan. 28,1925
Feb. 7,1925
Mar. 23,1925
June 16,1925
June 29,1925
Sept. 15,1925
June 20,1925
Mar. 5,1925
June 23,1925
Jan. 29,1925
May 14,1925
Dec. 24,1924
July 7,1925
do

Jan.
Aug.
Oct.
Oct.
Mar.
Feb.
Mar.
Apr.
May
June
June
Aug.
Mar.
June
Mar.
July
Aug.
Jan.

Commercial National Bank, Great Falls, Dec. 9,1922
Mont.
First National Bank, Grey Eagle, Minn__ Nov. 8,1923 Jan.

27,1925
31,1925
21,1925
23,1925
6,1925
4,1925
16,1925
17,1925
25,1925
18,1925
27,1925
17,1925
5,1925
26,1925
23,1925
27,1925
13,1925
30,1925

6,1925
Feb. 25,1925

Amount

Per
cent

$585,978.82
50
1 16,130. 62
1 73,150. 45
734,465.99 ~25~
1 33, 288. 43
145,221.12
34,842.10
174.34
115,540.26
43,658.65

Total
dividends
paid to
cred
itors
(per
cent)

50
' 25~

20

40
5
10

51,301.09
40
20,976.89 100
i 290.14
48,473.80
10
23,415.01
10
94.604.11
15
11, 787.23
2,745.19
1 260.07
138.50
201,356. 90 15
1 3,058. 77
134,817. 66 16"
11,207.00
28,902.37
20
21,356. 92 15
U,347.54
15,135. 88 10
49.869.12
12.5
154,051.24
35
i 2,649. 54
i 680. 22
89,927.48
20
1632.88
75,541.20 16"
i 66.42
330,187.23 "16"
1 28,573.02
i 30, 543.46
i 3,733.25
389,120.32
i 6,669. 92
10
75,481.75
118,181.81
20.75
87,416.51
5
40,055.61
5
40,055.61
25
50,030.32
25
52,679.63
1 215.69
11,443.70

10
40
100
20
10
75
100
2

55
20
25

55

20

60.75
"56"""
50

i 7,270.33

25,094.26
1 61.90
66,014.85
17,817.89
i 587.38
i 180. 21
U1.06
117.53
7,420.44
126.48
31,600.60
11,053.88
1 409. 77
1 66. 69
19,018.10
18,007.57
1124.15
1 367.20

7.7

15
25

37.7
15

35

"16"
13

23
15
10

1 Represents payments made during the year on additional claims on account of dividends previously
declared.



263

REPORT OP THE COMPTROLLER OP THE CURRENCY

TABLE N O . 45.—Dividends paid to creditors of insolvent national banks during the
last year, with the total dividends in each case up to November 1} 1925—Con.
Dividends paid during the year
Name and location of bank

Date of appointment of
Date

Amount

Per
cent

Merchants National Bank, Grinnell,
Iowa.
Texas County National Bank, Guymon,
Okla.
Citizens National Bank, Hankinson,
N. Dak.

Nov. 12,1924

Oct. 23,1925

Nov. 13,1923

First National Bank, Harlowton, Mont..
Havre National Bank, Havre, Mont

Mar. 7,1923
Sept. 16,1921

First National Bank, Hearne, Tex

Jan. 21,1921

Apr. 6,1925
July 24,1925
June 10,1925
Sept. 23,1925
do.
Jan. 2,1925
Jan. 17,1925
Apr. 13,1925
Nov. 3,1924
Jan. 27,1925
May 17,1925
Mar. 19,1925
do.
Oct. 28,1925
Nov. 14,1924
Jan. 24,1925
Mar. 26,1925
June 5,1925
July 29,1925
do.
Apr. 2,1925
May 23,1925
June 12,1925
July 31,1925
Oct. 23,1925
July 20,1925
do.
June 4,1925
Jan. 29,1925
July 13,1925
Oct. 21,1925

42,444.32
1978.49
40,127. 92
1
1,018.56
20, 572.34
1 64. 78
1 388. 97
1 8, 417. 25
i 69. 76
1 1, 543. 01
8,104. 27
40, 263. 91
i 570. 81
48,185. 09
95,187. 07
i 2, 456. 50
i 821. 59
i 789. 92
1 99. 38
31, 435. 85
27, 778. 57
i 2, 914. 74
1 161. 07
i 524. 68
i 1,125. 45
i 245. 96
9,182. 75
17,172. 97
15, 285. 42
i 254. 21
37, 646. 94

City National Bank, Jerome, Idaho
First National Bank, Lake Preston,
S. Dak.
First National Bank, Lansford, N. Dak..
First National Bank, Lawton, Okla
First National Bank, Lidgerwood, N.
Dak.2
Northwestern National Bank, Livingston, Mont.

Feb. 7,1925
June 26,1925
July 6,1925
Sept. 9,1925
May 24,1923 Jan. 15,1925
Mar. 11,1925
Mar. 28,1924 July 31,1925

1 61. 96
13.99
18, 527. 44
i 32. 05
11, 349. 81
i 69.16
27,497. 96

Dec. 17,1923 Apr. 15,1925
Nov. 18,1922 June 26,1925
June 17,1924 Oct. 7,1925

23,153.92
i 398. 87
24, 325. 98

20

Aug. 30,1924

30

Llano National Bank, Llano, Tex..
First National Bank, Lovington, N. Mex.
Traders National Bank, Lowell, Mass

Apr. 18,1923
Oct. 8,1923
Oct. 20,1913

First National Bank, Lusk, Wyo
Merchants National Bank, Mandan,
N. Dak.
First National Bank, Manville, Wyo

Feb. 7,1924

41, 843. 78
i 665. 23
14,169. 67
i 1,182. 32
i 1,816.43
20, 582. 53
i 236.07
1
6.40
i 319. 69
13,478. 24
i 232. 42
51, 558. 70

Total
dividends
paid to
creditors
(per
cent)

Apr. 30,1924

First National Bank, Hemingford, Nebr_- Nov. 10,1923
Farmers National Bank, Hempstead, Tex. Feb. 7,1925
First National Bank, Henryetta, Okla.... July 31,1923

Miners National Bank, Henryetta, Okla.. Dec. 21,1923

First National Bank, Highland, Wis

June 14,1923

First National Bank, Highwood, Mont...
First National Bank, Hope, N. Mex

Dec. 29,1922
Oct. 30,1922

Peoples National Bank, Hot Springs,
S. Dak.
Farmers & Merchants National Bank,
Jefferson, Iowa.

Jan. 15,1925
Apr. 27,1923

Dec. 26,1923

Mar. 2,1925
July 7,1925
do.

Oct.
Feb.
Oct.
Dec.
Jan.
May
Apr.
Oct.
Apr.

23,1925
17,1925
23,1925
18.1924
15.1925
28,1925
10,1925
23,1925
9,1925

$105,759.65

10

10

25

25
20
10

30
6.5

10
7
20
30
10

14
10

42
45
30

24

10
10
7.5
10

55
7.5

25

10
25

20
45
20
10

4

40
10
20
15

1
6
10

40
25
10

94
15
15

15
15

8, 512. 74
15
Dec. 24,1925
13.35
Oct. 23,1925
11, 642. 51
35
20
Oct. 28,1925
14, 616. 72
30
10
M a y 18,1921 May 7,1925
First National Bank, Marcus, Iowa
25
130,062. 66
First National Bank, Marysville, Kans_. Apr. 15,1924 Jan. 24,1925
i 2, 701. 45
Feb. 25,1925
i 465. 47
Mar. 27,1925
i 86. 07
May 25,1925
79, 989. 44
June 16,1925
15
i 123. 34
Aug. 25,1925
40
6.67
6.67
20, 530. 76
First National Bank, Medina, N. Dak.__ Dec. 20,1920 June 30,1925
1
Represents payments made during the year on additional claims on account of dividends previously
declared.

67746°—26f-




18

Dec. 11,1923

2:64

REP0BT OP THE- OOMPTRQIJuBxl OF THE CUBREJSfCY

TABLE N O . 45.-—Dividends paid to creditors of insolvent national banks during the
last year, with the total dividends in each case up to November i, 1925—Cora.
Dividends paid during the year
Name and location of bank

Commercial National Bank, Miles City,
Mont.
First National Bank, Minnesota Lake,
Minn.
First National Bank, Moore, Mont
First National Bank, Morgan, Tex

Date of appointment of
receiver

Date

Feb. 15,1924 May 2,1925
June 3,1925
Aug. 13,1925
Aug. 6,1924 May 27,1925
Oct. 15,1925
Dec. 20,1923 Jan. 24,1925
Mar. 16,1925
Oct. 23,1925
Nov. 12,1924 Jan. 29,1925
May 14,1925
3,1925
Apr. 19,1911 J

Mount Vernon National Bank, Mount
Vernon, N. Y.
Neoga National Bank, Neoga, I1L_
Jan. 21,1925 Aug. 28,1925
Oct. 23,1925
June 12,1924 Jan. 7,1925
First National Bank, Newcastle, Wyo
Feb. 11,1925
May 19,1925
July 13,1925
Jan. 31,1920 Nov. 4, 1924
First National Bank, Newman, Calif
Feb. 19,1924 Mar. 13,1925
Nowata National Bank,. Nowata, Okla...
Oct. 27,1925
May 13,1922 Mar. 10,1925
First National Bank, Oak Grove, La
Aug. 13,1925
Jan. 3,1925 July 30,1925
First National Bank, Oldham, S. Dak....
Sept. 16,1925
Oct. 5,1923 June 30,1925
First National Bank, Oswego, Mont
Parkesburg National Bank, Parkesburg, Dec. 26,1924 May 19, 1925
June 23,1925
Pa.
Aug. 6,1925
Oct. 23.1925
Farmers National Bank, Parsons, Kans._ Mar. 24,1924 Dec. 18.1924
Feb. 9,1925
Apr. 6,1925
May 15.1925
June 17,1925
Sept. 3,1925
Payette National Bank, Payette, Idaho.. Dec. 13,1922 Jam. 14,1925
Bannock National Bank, Pocatello, Idaho. June 11,1921 Jan. 7,1925
Jan. 16,1925
Oct. 27,1925
First National Bank, Poteau, Okla
June 19,1924 May 7,1925
June 11,1925
July 24,1925
First National Bank, Putnam, Conn
Aug. 13,1924 Jan. 16,1925
Apr. 29,1925
Apr. 30,1925
June 10,1925
Aug. 31,1925
Sept. 4,1925
Oct. 15,1925
First National Bank, Quiney, Fla
Feb. 11,1925 Aug. 13,1925
Aug. 23,1925
Commonwealth National Bank, Reed- Feb. 16,1921 Feb. 7,1925
yille, Va.
Feb. 14,1925 Aug. 20,1925
First National Bank, Renville, Minn
Sept. 15,1925
Oct. 5,1925
3,1924
7,1925
Feb. 25, 1925
June 26,1925
Oct. 2? 1925
July 30,1925
Mar. 7,1925
Apr. 23,1925
Oct. 27,1925
Jan. 3,1925
Jan. 29,1925
Feb. 4,1925
Mar. 26,1925
do
May 7,1925
Nov. 29,1924
May 8,1925
Sept. 4,1925

First National Bank, Bock River, Wyo. June 14,1923 Nov.
First National Bank, Rocky Ford, Colo. Apr. 5,1924 Jan.
First National Bank, Ronan, Mont
First National Bank, Roundup, Mont

Feb. 9,1924
Apr. 5,1923

First National Bank, St. John, Wash
Feb. 7,1924
Peoples' National Bank, Salisbury, N. C. July 3,1923
National City Bank, Salt Lake City, Feb. 3,1922
Utah.
First National Bank, Sapulpa, Okla

July 30,1923

Amount

Per
cent

$126, 432.14
i 4, 726. 56
11% 504.32
193,135. 59
i 1,588, 91
15,360.56
i 4,184. 74
1 141. 96
7,772. 71
1 1,5Q3.41
8,834.13

Total
dividends
paid to
creditors
(per
cent)

10
10

60

"16"
20

2&
58.85

15, 990. 54
1 894.13
70, 258. 25
i 7,920. 71
11,098. 70
ii,. 688. or
i 9. 20
31, 360. 90
10
i 6, 305. 94
8, 214. 45 ~20~
i 382. 05
52,876.15 ~25~
i 3,148. 45
10, 501. 06
15
169, 865. 56 50
i 846. 76
i 828. 77
1 209. 82
213,076. 70 80
18,367.14
i 359. 30
1 76. 88
27, 735. 08
i 72. 94
t 1,174.. 24
1 80. 72
i 39,187. 64
165. 32
21,049. 26 10
i 787.08
i 369. 84
656, 849.44 40
114,173.28=
232,358.13 "IB"
i 445.12
i 23, 576. 68
i 6, 051. 83
1 2,094. 49
65, 719. 21 25
i 3, 520.17
38,493. 48 ~22~
127,976. 85
i 175.15
i 140. 00
1 569. 79
97,910. 13
i 2,120. 45
i 240. 05
1 1, 806. 31
12, 396. 44
46, 784. 46
i 1,116. 30
1
1, 812. 21
32,359. 74
i 1,935.20
80, 356. 51
158. 371. 99
'i 50. 22
110. 04
i 83L 01
11 127. 83
58. 91

60

15

10
~20~
25
15

50

20-

I©

55
25

8a 67

35

35
10
45

10

15
10

20

8
20

10
10

30
60

1
Represents payments made during the vcar on additional claims on account of dividends- previously
s
declared.



265

REPORT OP THE COMPTROLLER OF THE CURRENCY

TABLE NO. 45.—Dividends paid to creditors of insolvent national banks during the
last year, with the total dividends in each case up to November lf 1925—Con.
Dividends paid during the year
Date of appointment of
receiver

Name and location of bank

Date

Jan. 3,1925 July 7,1925
Sept. 9,1925
Dec. 21,1923 Feb. 21,1925
May 9,1925
June 11,1925
Aug. 31, 1&25
First National Bank, Sebuyler, Nebr
May 24,1924 Feb. 7,1925
July 7,1925
Corn Belt National Bank, Scotland, Mar. 28,1921 May 15,1925
S. Dak.
The National Bank of Commerce in May 20,1924 Feb. 2,1925
Shawnee, Okla.
Jan. 17,1925
May 7,1925
Jun© 3, 1925
Aug. 27,1923 Jan. 3,1925
First National Bank, Shelby, Mont
Apr. 20,1925
Feb. 13,1925 June 18,1925
First National Bank, Shelley, Idaho
July 30,1925
First National Bank, Sidney, Nebr
May 27,1921 Jan. 24,1925
Silver City National Bank, Silver City, May 14,1924 Apr. 1,1925
N. Mex.2
Sioux Falls National Bank, Sioux Falls, Jan. 24,1924 Nov. 21,1925
F e b . 25,1925
S. Dak.
First National Bank, Savoy, Mont
First National Bank, Schulter, Okla

First National Bank, Soper, Okla

Nov. 22,1923

First National Bank, Spring Hope, N. C_

Jan.

First National Bank, Sterling, Colo.

7,1925

Apr. 6,1924

Logan County National Bank, Sterling,
Colo.
First National Bank, Torrington, Wyo--First National Bank, Turtle Lake, N.
Dak.
First National Bank, Uniontown, Pa
First National Bank, Warroad, Minn

Jan. 26,1925
Dec. 6,1924
Nov. 21,1923
Jan. 19,1915
Feb. 9,1924

First National Bank, Webster, S. Dak
First National Bank, Wells, Minn

Jan.

2,1924

Wells National Bank, Wells, Minn

Feb. 26,1924

Oct. 22,1923

Jan. 5,1922
First National Bank, Wendell, Idaho
Commercial National Bank, Wilmington, Jan. 31,1923
N.C.

I
Citizens National Bank, Worthington, June 19,1924
Minn.
Total dividends paid by comptroller's
checks

Apr. 4, 1925
J u n e 18,1925
.do
July 27,1925
Aug. 28,1925
Jan. 20,19.25
Feb. 2,1925
Mar. 26,1925
July 30,1925
Sept. 5,1925
Sept. 19, 1925
Sept. 30,1925

Nov. 24.1924
Jan. 5,1925
Jan. 6,1925
Apr. 21.1925
Sept. 17,1925
Oct. 2,1925
Aug. 13,1925
Aug. 27,1925
Apr. 1,1925
July 27,1925
Sept. 5,1925
Feb. 3,1925
Apr. 13,1925
May 25,1925
Jan. 3,1925
Apr. 24.1925
June 2, 1925
Oct. 24,1925
Dec. 10, 1924
Feb. 12,1925
Apr. 20, 1925
July 24,1925
Sept. 25, 1925
Oct. 23, 1925
Mar. 7,1925
Jan. 3,1925
Jan. 9,1925
Feb. 3,1925
Mar. 2,1925
Apr. 14,1925
Mar. 23,1925
May 25,1925
Sept. 17, 1925

Amount

Per
cent

$6,148.11
1 85. 67
3, 831. 42
* 441. 80
i 12. 57
U30.05
124,194. 87
* 196. &7
l 450. 00

100

68,275. 24
i 443. 81
i 1, 842. 43
105, 844.11
20, 353. 43
* 961. 34
11, 785. 55
* 501.17
i 113. 74
43, 262. 55

Total
dividends
paid to
creditors
(per
cent)

10

* 16,216.80
1
2,023. 94
182, 228.13
1 776.83
1 517. 89
i 290. 34
1 6, 271.42
l 467. 47
1 13. 62
l 228.61
72,132.38
113.50
1 5,716.91
I 6,074. 03
77,022. 81
i 6, 365. 31
i 886, 83
i 604. 98
1
217. 35
66, 759. 99
82, 812. 48
70,492. 83
16, 735. 93
1.50
1 518. 96
15,950. 06
i 92. 14
16, 042.19
36, 716, 52
i 165. 89
88, 778. 43
i 3,699. 29
148,089. 92
i 3, 337. 22
i 1, 357. 90
i 540. 34
1 737. 25
i 87. 39
12, 418. Q7
i 7, 553. 84
1
51. 40
1 2,927. 28
i 149. 68
1
12. 73
40, 852. 05
1
2, 333. 42
i 464. 05
39, 269. 90

100
10
10
25
25
15

15
10

25
30

10
6.35

10
43.25

10

30
SO
10

10
20

20
20

35
10

! 35
10
116.12

10
15

20

16

15
15

10
10
10

11, 971, 714. 33

1
Represents payments made during the year on additional claims on account of dividends previously
declared.



266

• REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 45.—Dividends paid to creditors of insolvent national banks during the
last year, with the total dividends in each case up to November 1,1925—Con.

Amount

2

Dividends paid by purchasing banks to creditors of insolvent national
banks, assets of which were sold by order of court:
First National Bank, Alexandria, S. Dak
Citizens National Bank, Centerville, Tenn
First National Bank, Dodge, Nebr.
National Border Bank, El Paso, Tex._
First National Bank, Lidgerwood, N . Dak
Silver City National Bank, Silver City, N . Mex
First National Bank, Florence, S. C

$346,179.18
39,445. 46
406,808.05
1,060,633. 35
304, 076. 71
297,441. 79
646, 758.18

Total
dividends
paid
to creditors
(per
cent)

Per
cent

25.83
87.5
65
50
43.65
60

82.45
92.49
100
75
54
50
60

3,101,342.72
Total dividends paid by comptroller's checks and purchasing banks. 15,073, 057.05

TABLE 46.—Dates of reports of condition of national banks from 1914 t° 1925
Year

1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925

Jan. Feb.

4
4
7
5
4
4

13
.
_




Mar. Apr. May

28
21

June July Aug. Sept. Oct. Nov. Dec.

30
1
1
1
10
12
4
28

10

23
30
20
29
30
30

30
5

3

30
30

6

30
30

31

12
2
12
11

31

31
12
8
6
15
14

31
27
31
31
31
29

31
10

28

31
10
17
20
1
17
15

29
31
31
31

TABLE N O . 47.—Condition of foreign branches of National City Bank and Chase National Bank, New York, N. Y., and First National Bank,
Boston, Mass., June 30, 1925
RESOURCES
[In thousands of dollars]

Country and city

Loans and
Letters
discounts,
including of credit
and
overdrafts
and re- acceptances
discounts

Furniture

Bonds

and
fixtures
Due from Due from
and
home office branches
real estate
owned

Due from
other
banks

Checks
and cash
items

Other assets Aggregate

Cash

g

NATIONAL CITY BANK OF NEW YORK, N. Y.

Cuba:
Bavama
Caibarien
Camaguey
Cardenas
Ciego de Avila
Cienfuegos
*
Cuatro Caminos
Florida
Guantanamo
Habana
Habana (Galiano St.)
Habana (La Lonja)
Manzanillo
Miantanzas
Neuvitas
Pinar del Rio
Remedios
Sacua La Grande
Sancti Spiritus
Santa Clara
Santiago de Cuba
Vertientes
Yaquajay
_Brazil:
Pernambuco (Recife)
Rio de Janeiro
_
Sao Paulo

Argentina:
Buenos Aires
Rosario
Belgium:
Antwerp
Brussels




2
27
1
7
10
114

24
81
80
127
33
09
166
11
89
2,412

41
370
712
157
138
238
142
202
122
2,263
176
65
154
110
57
115
60
93
186
226
703
38
63

7

53

269
734
472
384
598
750
954
1 853
312
32 828
1,249
374
261
650
250
230
88
582
758
542
2,106

16
2
1

29
68
46
* 28
24
37
8
93
183
16
5

8

343
1,391
1,266
856
781
2, 334
2,301
2, 269
592
47,136
6,900
1,300
483
832
356
605
456
948
968
936
3,195
109
853

483

92
674
1,055

575
781
476

44
387
248

164
771
894

6
341
23

3,265
17, 783
13, 272

577
63

2,046
45

5,787
306

727
1

856
90

52
6

36,886
5,489

249
298

240

9
6

19
15

10
17

4,750
5,282

176
181
87

667
3
27

1,073
1,036
6,507

69
29
5,466
833
39

1,421

229
279
217

11

4
1
1
4
5
12

72
87

86

776
2,384
12,163
9,887

714

52
154

26,816
4,978

25

1,706
2,407

1,531
597

1,816
535

986
1,613

315

329 J

3
1
2
3
3
203
295
6
1
2
2
1
3
4
3
14

o
o

g

H
W
O

w
o
ft

Q

fcO

TABLE N O . 47.—Condition of foreign branches of National City Bank and Chase National Bank, New York, N. F., and First National Bank,
Boston, Mass., June 30, 1925—Continued
RESOURCES—Continued
[In thousands of dollars]
Loans and
discounts,
Letters
including of credit
overdrafts
and
and re- acceptances
discounts

Country and city

Furniture
and
fixtures Due from Due from
and
home office branches
real estate
owned

Due from
other
banks

874

Bonds

67
56

170
396

195
30

100
46

6
20

12,777
7,008

23

8
36

6,329
4,664

37

81,060

3

6,235

17

5,241

7

9,548
N
4,262
301,0C1

Checks
and cash
items

Other assets Aggregate

Cash

NATIONAL CITY BANK OF NEW YORK, N. Y.—

Chile:
continued
N
SantiagoValparaiso _ .
Italy:
Genoa- _
Milan
England:
London
Peru:
Lima
Porto Rico:
*
San Juan. _ _
Uruguay:
Montevideo.
Venezuela:
Caracas
_
Total

12,128
5,586

111

2,770
2,038

579
443

1,474
919

200
826

290
52

983
344

2
2

51,956

12,342

4,100

299

4,544

7,692

39

3,936

32

131

971

8

198

221

2,224

14

2,261

204

1

205

198

4,801
30

195,184

16,856

735
117

217
39

24,041

51

648

39

801
5,385

27
19,297

358
20,409

86
5,863

525
11,089

12
1,162

1,028
2,958

213

109
110

15
60

153
332

400

1,732
4,821

861

213

288
507

223

3,986

298

1,346

400

15,301

13, 607

945

554

3,588

2,384

4

1,775

248

CHASE NATIONAL BANK OF NEW YORK, N. Y.

Canal Zone:
Cristobal
Panama
Cuba:
Habana.Total

. .
_

411
745

_

16
3
300

8,748

7,017

59

8,173

59

3

316

43,827

134

6,852

140

3, 583

473

17

90

197

491

2

4,853

47, 410

607

6,852

157

13, 697

1,142

1,045

2

70, 912

FIRST NATIONAL BANK OF BOSTON, MASS.

Argentina:
Buehos Aires. _
Cuba:
Habana..
1
Total




66,059

00

TABLE NO. 47,—Condition of foreign branches of National City Bank and Chase National Bank, New York, N. Y,, and First National Bank,
Boston, Mass., June SO, 1925—*'Continued
LIABILITIES
[In thousands of dollars]
Profits,
including

Country a.nd city

Capital

amount

reserved
for taxes
and interest
accrued

Due to
home
offioe

Due to
branches

DUG to

other
banks

Individual
deposits

Rediscounts

Letters of
credit and
acceptances executed by
reporting
bank

Acceptances executed by
other
banks

Other
liabilities

NATIONAL CITY BANK OF NEW YQBK, N. Y.

Cuba:
Bayama
__
Caibarien.
Camaguey Cardenas _ __
CiegodeAvila
Cienfuegos
Cuatro Caminos
Florida _
Guantanamo
Habana.
,
Habana (Galiano St.)
Habana (La Lonja)
Manzanillo
Matanzas
Neuvitas
Pinar del Rio
Remedios
Sagua La Grande
Sancti Spiritus
Santa Clara
Santiago de Cuba
Vertientes
Yaguajay__
Brazil:
Pernambuco (Recife)
Rio de Janeiro
Sao Paulo..
,„.„
Argentina:
Buenos Aires. _
Rosario
Belgium:
Antwerp
Brussels




.

__

1

__ .

723

_
_ _

I

,

25

2
1
1
1
61
2

1,709
3,497

1
1

140

3

1,000
960
238

• ___

7,815

37
20

x

1
1
1
1
1

1

149
624
967
733
712
2 161
2,229
504
503
20,117
6,866
1 256
432
678
292
559
433
876
798
910
2,948
103
126

182
256
240

1

1,000

,_

10
104
53
120
33
79
53
55
8J
6, 554
11
13
49
109
43
44
19
58
26
25
75
6
4

I

223

60

170
2
1
10
90
13
5,758

1
2,267
18
29

13

1
3
1
2
5

18

49
3
2
1

7
1
3

n

2
3

107

2

7

15
31
26

190
675
1,042

134
347
L912

. 112
1,147
991

1 969
6 786
.4,033

263
3 451
1,739

274
12

6,331
286

6,849
1,333

4,897
404

9,788
3 184

3 921

125
8

3,741
24

23
39

615
281

189
556

94
1,110

1,202
1,225

1, 075
2 1 , 453

1 538
608

14
10

2

96
144

76

575
4,250
3,309

TABLE N O . 47.—Condition of foreign branches of National City Bank and Chase National Bank, New York N. Y.} and First National Bankt
Boston, Mass., June 80, .1925—Continued
LIABILITIES
[In thousands of dollars]

Country and city

Capital

NATIONAL CITY BANK OF NEW YORK, N. Y.—COntd.
Chile:
Santiago..

Profits,
including
amount
reserved
for taxes
and interest
accrued

Due to
home
office

Due to
branches

Due to
other
banks

Individual
deposits

Rediscounts

Letters of
credit and
acceptances executed by
reporting
bank

Acceptances executed b y
other
banks

Other
liabilities

581

10
23

3,082
15

651
146

1,765
129

2,742
1,116

2,473
1,591

48
24

2,006
3,383

27
8

507
413

1,305
1,341

2,398

1,000

1,217
408

2 262
197

582
446

31
24

218

Valparaiso
Italy:
Genoa
Milan
England:
London
Teru:
Lima
Porto Rico:
San Juan
Uruguay:
Montevideo
Venezuela:
Caracas
Total

19,154

1,141

22, 612

16,201

12,445

11

9

210

2,305

490

50

_

820

2

10

. __

469

52

1J03

8,339
722

19
538

451

3,258
113,855

161

221

28, 537

411
31, 551

39,486

19,141

114
411

1, 583
4,359

151

4,801

68

4

676

10, 743

68

15

17

756
1,618

21

2,430

1,024
190

40,643

194

48

14,604

558

22

4,546

18
6,068

827

3
301

20,376

59
59

87

62

CHASE NATIONAL BANK OF NEW YORK, N. Y.

Canal Zone:
Cristobal
Panama _Cuba:
Habana
Total

13
40

_

11

24
77

3, 554

353

12,208

17,122

22,849

.. 2 12,926

281

258

14

1,387

126

2,821

11

29

456

367

:._..

3, 554

13, 595

17, 248

25, 670

12, 937

310

723

22

87

FIRST NATIONAL BANK OF BOSTON, MASS.

Argentina:
Buenos Aires
Cuba:
Habana
Total
--




i Includes $15,000 United States deposits.

2

Includes bills payable.

62

-a
o

REPORT OF THE COMPTBOLLER OF THE CURRENCY

271

TABLE NO. 48.-—Number, capital stock paid in, circulation outstanding, and aggregate assets of national banks at date of each report from January 18, 1914, to
September 28, 1925, together with the total amount of money in the United States
on June 80 of each year, and the percentage of national-bank circulation to capital,
to assets, and to money in the country
[For prior years see annual report 1920]
[Amounts in millions of dollars]
Percentage of circulation to—

Date

Number of
banks

Paid-in

capital

1914

Circulation

Aggregate

assets

Capital

Money
in United
States

68.4
67.9
68.1
86.6
95.6
79.6

6.4
6.3
6.3
8.0
8.8
7.4

19.3

3, 989. 5

69.9
68.2
67.6
67.2
66.8

6.4
6.1
6.1
5.8
5.4
5.3

18.1

4, 482. 9

65.2
63.9
63.4
63.1
62.1
62.2

5.0
4.8
4.9
4.7
4.3
4.3

15.1

5, 408. 0

61.6
60.8
61.0
61.0
61.3
61.7

4.1
4.0
4.1
4.0
3.6
3.6

12.2

6, 741.0

61.4
62.0
62.0
61.2
61.0
61.0

3.6
3.6
3.7
3.6
3.3
3.3

10.1

7, 518. 8

60.9
60.9
60.5
59.9
59.0
59.2

3.3
3.2
3.2
3.1
2.9
2.9

9.0

7, 894. 5

697.9
693.9

22, 959. 0
23, 252. 9
23, 411. 3
23,175. 8
23, 535.1
22, 799. 4

58.2
56.7
56.2
55.5
55.0
54. 5

3.0
3.0
2.9
3.0
3.0
3.0

2
4
9
2
4

684.4
679.6
704.1
704.7
717.5

21, 451, 7
20, 560. 3
20, 517. 9
19, 719. 2
19, 943. 7

8, 096. 0

53.8
53.5
55.3
55.2
55.9

3.2
3.3
3.4
3.6
3.6

8.7

1, 289. 5
1,296.2
1, 307. 2
1, 307.1
1, 317. 0

719.6
721.0
725.7
726.8
723.8

19, 850. 4
20,176. 6
20, 706. 0
20, 926.1
21,975.0

8,177. 5

55.8
55.6
55.5
55.6
55.0

3.6
3.6
3.5
3.5
3.3

8.9

7,493
7,493
7,525
7,538
7,571
7,581

1,057. 6
1, 056. 4
1,058.1
1,060. 3
1,063.1
1,065. 9

725.3
720.6
722.5
918.2
1,018.1

11, 296. 3
11, 564. 5
11,482.2
11,483. 5
11, 492. 4
11, 357. 0

1915
Mar. 4.
M a y 1..June 23..
Sept. 2 . .
Nov. 10.
Dec. 31__

7,599
7,604
7,605
7,613
7,617
7,607

1,066. 5
1,065. 8
1,068. 5
1,068.8
1,068. 6
1, 068. 0

746. 5
727.7
722.7
718.4
713.4
713.3

11, 566. 8
11, 842. 3
11, 795. 6
12, 267.0
13, 236. 3
13, 467. 8

1916
Mar. 7.
M a y l._.
June 30..
Sewt. 12.
Nov. 17.
Dec. 27..

7,586
7,578
7,579
7,589
7, 584
7,584

1,067. 2
1,067. 4
1,066.0
1,067. 5
1,071.1
1, 070. 8

695.8
682.2
676.1
674.1
665. 2
666. 4

13,838. 6
14,195. 5
13,926. 8
14,464. 9
15, 568. 8
15, 388. 2

1917
Mar. 5.
May 1 - .
June 2 0 Sept. 11.
N o v . 20.
Dec. 3 1 . .

7,581
7, 589
7,605
7,638
7,656
7,662

1,073. 9
1,079. 7
1,082. 8
1,090. 3
1, 092. 2
1, 092. 6

661.1
656.1
660.4
665.6
669.7
674.3

16,028. 2
16, 202. 4
16, 290. 4
16, 712. 9
18, 800. 4
18, 548. 7

M a r . 4_
M a y 10.
June 29..
Aug. 3 1 .
Nov. 1 . .
Dec. 31..

7,670
7,688
7,705
7,728
7,754
7,767

1,094. 3
1,096. 9
1,098. 5
1,101. 9
1,107. 8
1,109. 7

672.2
680.4
681.6
674.2
675.7
676.8

18, 436. 4
18, 719.1
18, 354. 918, 646. 7
20, 450. 6
20, 544. 2

1919
Mar. 4.
M a y 12..
J u n e 30..
Sept. 12.
N o v . 17..
Dec. 3 1 . .

7,761
7,773
7,785
7,821
7,865
7,890

1,106. 6
1,111.5
1,118. 6
1,138. 0
1,153. 8
1,158, 3

673.9
676.9
677.2
681.6
680.9
685.8

20, 406. 7
21,173. 2
21, 234. 9
22,056. 3
23,125. 5
23, 684.9

1920
Feb. 28..
M a y 4__
June 30. _
Sept. 8 . .
N o v . 15.
Dec. 29..

7,933
7,990
8,030
8,093
8,123
8,130

1,182.1
1, 214. 8
1, 224. 2
1, 248. 3
1, 269. 9
1, 272. 3

687.6
688.5
688.2

Feb. 21.
Apr. 28..
June 30..
Sept. 6 . .
Dec. 31..

8,143
8,152
8,154
8,155
8,169

1,
1,
1,
1,
1,

1922
Mar. 10.
May 5 - .
June 3 0 Sept. 15.
Dec. 29..

8,197
8,230
8,249
8,240
8,225

1921




Assets

3, 738. 3

Jan. 13.
Mar. 4.
June 30..
Sept. 12.
Oct. 3 1 . .
Dec. 31_.

1918

Money
in
United
States

273.
271.
273.
276.
282.

8.7

272

EEPORT OE THE COMPTKOLLEB, OF THE CUBRENCY

TABLE NO. 48.—Number, capital stock paid iny circulation outstanding, and aggregate assets of national banks at date of each report from January 13, 1914, to
September 28, 19251 together with the total amount of money in the United States
on June SO of each year, and the percentage of national-bank circulation to capital,
to assets, and to money in the country—Continued
[For prior years see annual report 1920]
[Amounts in millions of dollars]
Percentage of circulation t o Date

Apr. 6
June 30
Sept. 28

Paid-in
capital

Aggregate
assets

Circulation

Money
in
United
States

Capital

Assets

Money
in United
States

8,229
8,241
8,239
8,184

Apr. 3
June 30
Sept. 14
Dec. 31
Mar. 31
June 30
Oct. 10.
Dec. 31

Number of
banks

1924

1925

1,319.1
1,328. 9
1, 332. 4
1, 325. 8

728.1
720.0
731.5
725.9

21, 612. 7
21, 511. 8
21, 712. 9
22, 406.1

8,603.7

55.2
54 2
54.9
54.8

3.4
3.3
3.4
3.2

8.4

8,115
8,085
8,074
8,049

1, 335. 6
1, 334. 0
1,332. 5
1,334.8

726. 5
729.7
723.5
714.8

22,062. 9
22, 565.9
23,323.1
24,381. 2

8,746. 5

54.4
54.7
54.3
53.6

3.3
3.2
3.1
2.9

8.3

8,016
8,072
8,085

1,361.4
1,369.4
1,375.0

649.4
648.4
649.2

23, 832.4
24, 350. 8
24, 569. 5

8, 221. 2

47.7
47.3
47.2

2.7
2.7
2.6

7.9

TABLE NO. 49.—Abstract of the resources and liabilities of national banks in New
York, in the two central reserve cities, in other reserve cities, and elsewhere at close
of business September 28, 1925
[In thousands of dollars]

New York
(32 banks)i

New York
Other
and
reserve city
Chicago
banks
(47 banks) (366 banks)

Country
banks
(7,672
banks)

RESOURCES

Loans and discounts (including rediscounts)
Overdrafts
Customer'sliability account of acceptances.
United States Government securities
owned
Other bonds, stocks, securities, etc
Banking house, furniture, and fixtures
Other real estate owned—
Lawfulreserve with Federal reserve banks
Items with Federal reserve banks in process of collection.
_
Cash in vault™
Amount due from national banks
Amount due from State banks, bankers,
and trust companies in the United States.
Exchanges for clearing houses
Checks on other banks in the same place-.
Outside checks and other cash items
Redemption fund and due from United
States Treasurer.
Other assets
_
Total-.

% 195,431
573
123, 595

2,825,393
695
130,024

4,168,509
2,833
64,217

6,140,559
11,372
6,842

13,134,461
14,900
201,083

764,041
723,137
188,421
20,499
422,027

I,179,375
2,066,806
346,433
93,805
477,327

2, 512,025
3,242, 620
593,176
114,677

290,721
88,662
355,218

71,585
235,241

456,668
362,341
1,120,925

5,191

37,821
564, 736
25,979
7,373

207,650
142,045
11,164
27,258

148,398
27,035
21,183
19,463

733,816
58,326
54,094

1,450
125,036

1,497
147,254

7,354
51,347

24,025
20,745

32,876
219,346

4,431, 255

5,445, 542

7,535,1G3

11,588,882

24, 569,527

511,657
41,756
214
338,069
75,230
27,859
14,290
16, 561
526, 569
24,429

452,677
373
424,972
94,360
38,438
67,019

i Figures in this column included with New York and Chicago in the next column.




REPORT OF THE COMPTROLLER OF THE CURRENCY

273

TABLE N O . 49.—Abstract of the resources and liabilities of national banks in New

York, in the two central reserve cities, in other reserve cities, and elsewhere at close
of business September 28, 1925—Continued
[In thousands of dollars]
New York
(32 banks)

New York I Other
and
reserve city
Chicago
(47 banks) (366 banks)

Country
banks
(7,672
banks)

Aggregate
(8,085
banks)

LIABILITIES

Capital stock paid in
Surplus fund
Undivided profits less expenses and taxes
paid
Reserved for taxes, interest, etc., accrued..
National-bank notes outstanding
_.
Amount due to Federal reserve banks
Amount due to national banks
Amount due to State banks, bankers, and
trust companies in the United States and
foreign countries
Certified cheeks outstanding
C ashiers' checks outstanding
_
Demand deposits
*
,„
Time deposits
„__
United States deposits
United States Government securities borrowed
.
Bonds and securities other than United
States borrowed
_
_.
Agreements to repurchase United States
Government or other securities sold
Bills payable, including all obligations representing money borrowed other than
rediscounts
Notes and bills rediscounted
Letters of credit and travelers' checks sold
for cash and outstanding
Acceptances executed for customers and to
furnish dollar exchange less those purchased or discounted
Acceptances executed by other banks.
Other liabilities
Total-




182,850
239,675

233,800
273, 730

397,932
306. 715

743, 277
545,050

1,375.009
1,125,495

113,802
18, 307
28, 570

131,678
22, 417
29,505

289,399

397,814

142,041
24,840
145,176
7,121
552,373

269, 845
22, 535
474, 540
24, 699
118,233

543, 564
69, 792
649, 221
31,820
1,068,420

510, 729
211. 293
108', 509
2,024,512
318,576
37,158

670, 744
218, 639
116, 475
2, 548,059
385,142
39,963

808,277
17, 218
54, 844
3,330, 316
1,390,056
88,431

287, 687
15, 648
43, 275
4, 549,169
4. 219,176

2,910

11, 654

1,535

745

46,703
9,915
3,231

1, 766, 708
251, 505
214, 594
10, 427, 544
5,994,374
175,097
24,479
3,976

150

150

1,485

117,650
71,680

82,419
82,787
2,552

109,118
85,123

316, 627
245,537

3,570

125,090
77,627
6,260

253

9,065

114,233
19,449
21, 608

121,196
21,114
23,229

64,767
6,137
17,237

5,910
1,291
11,762

191.873
28,542
52, 228

4,431, 255

5,445, 542

7,535,103

11, 588, 882

24, 559,527

2,442

4,057

TABLE NO. 50.—Classification

of loans by national banks in the central reserve cities (New York, Chicago, and St. Louis) and other reserve
cities together with country banks, at date of midsummer report for past six years
JUNE 30, 1920
[In thousands of dollars]
On time

On demand
Paper
Num- one or with
more
ber of individual Secured b y
banks
or firm stocks and
names (not
bonds
secured by
collateral)
New York
Chicago
St. Louis
Other reserve city banks
Country banks.
Total




_

Secured by
other per- Paper with
sonal securi- one or more
ties, includ- individual
ing meror firm
chandise, names (not
warehouse secured by
receipts, collateral)
etc.

Secured by
stocks and
bonds

Secured by
real estate Secured by
mortgages improved
or other real estate
Secured by
liens on
under
other personal securi- realty not authority
ties, includ- in accord- of sec. 24,
ance with
Federal
ing merchandise, sec. 24, Fed- reserve
act, as
warehouse eral reserve
act, as
amended
receipts,
amended
etc.

31
9
5
373
7,612

33,036
34,298
14, 681
195, 850
429,364

355,335
86,926
23,481
411, 073
385,169

88, 864
53, 966
9,202
132, 568
107, 677

1,590, 502
388, 423
103, 020
2, 260,187
3, 262, 839

429,796
90, 633
36,879
647, 323
651, 275

188,164
73,192
22, 697
429, 446
676, 623

1,871
605
151
17, 805
73, 495

8,030

707, 229

1, 261,984

392, 277

7, 604,971

1, 855, 906

1, 390,122

93,927

g
Acceptances of
Acceptreporting
ances of
banks
other banks
discounted purchased
or discounted

Total

W

p

10, 569
123,121

50,748
1,573
897
58, 902
34, 718

5,928
432
190
7,223
8,487

2, 744, 244
732, 260
211,198
4,170, 946
5, 752, 768

135,902

146, 838

22,280

5

13, 611, 416

2,212

o

.w

B

a

TABLE NO. 50.—Classification of loans by national banks in the central reserve cities (New York, Chicago, and St. Louis) and other reserve
cities together with country banks, at date of midsummer report for past six years—Continued
JUNE 30, 1921
[In thousands of dollars]
On time

On demand

Paper
with
one or
more
Number of individ- Secured
ual or
banks
b y stocks
firm
and
names
bonds
(not secured
by
collateral)

New York
Chicago
St Louis
Other reserve city
banks
Country banks

Secured by improved real
estate under
authority of sec.
24, Federal
reserve act, as
amended

Secured >
Secured
by other Paper
by other
personal
with
personal
securione or
securities,
ties, inmore
Secured
cluding individual by stocks including
merchanmeror firm
and
dise,
channames
bonds
waredise,
(not seFarm
house
ware- cured b y
receipts, lands
house collateral)
etc.
receipts,
etc.

For debts previously contracted (sec.
Other
real
.estate

Acceptances
of reporting
banks
purchased
or discounted

20,732
393
924

3,736
2,084
1,143

4,008
25

1,832

2, 202, 265
633,156
160, 925

3,162
152

3, 523,178
5, 484,991

All other real
estate loans

5137, U. S. R. S.)

Farm
lands

Other
real
estate

Customer's
liability
on account
of
drafts
paid
under
letters
of
credit

Acceptances
of
other
banks
discounted

Farm
lands

Total

Other
real
estate

451
139
60

66,549
31, 959
13,070

311,049
82,617
18,938

108,017
48,591
7,132

1, 222,380
311, 301
73, 982

287,420
77,100
26, 072

179, 771
388, 355

363, 719
374, 791

89, 688
88, 966

1, 886, 252
3,070, 529

541, 201
616, 260

394, 290
652, 754

4,939
88,103

679, 704 1,151,114

342, 394

6, 564, 444 1, 548, 053 1, 320, 323

93, 042

7,873
52,151

5, 614
54, 631

13, 529
31, 210

539
5,360

4,888
7,555

22, 791
49, 630

4,922
4,544

60, 024

60, 895

45, 695

5,899

14, 682

94, 470

16,429

7,347 12, 004, 515

966
251
61

793
83

2,120

41, 024
730
1,036

25, 856
337
481

1,248
38
14

2,062, 213
531, 599
161, 253

1,706
117

3, 222,921
5, 270, 228

176, 955
78, 606
17, 718

374
7,734

561
341
54

121
207

30
11
5

8,154

Total

Secured by real estate mortgages
or other liens on realty not in
accordance with sec. 24, Federal reserve act, as amended

407

J U N E 30, 1922
New York
Chicago

St. Louis
Other reserve city
banks
Country banks
Total

31
9
9

52, 635
42, 764
12, 736

488,014
92, 570
26, 375

58, 230
33, 544
6,702

929, 342
242, 614
66,400

368, 111
63, 851
29,321

95,994
54, 779
15, 717

373
7,827

169, 824
379, 339

438, 640
362, 770

93, 032
79, 075

1, 660, 593
2, 919, 258

461,143
576, 666

322,168
623, 776

5, 477
96. 318

10, 835
76,200

10, 581
89,875

16, 944
42,129

625
5,814

2,800
9,091

25, 056
8,060

3,497
1,740

657, 298 1, 408, 369

270, 583

5,818, 207 1, 499, 092 1,112,434

101, 795

87, 035

100, 784

60, 351

6,522

14, 804

75, 906

31,911

__ 8,249




3,123 11, 248, 214

TABLE NO. 50.—^Classification of loans by national banks in the central reserve cities {New York, Chicago, and St. Louis' and other reserve
cities together with country banks, at date of midsummer report for past six years—Continued
JUNE 30, 1923
[In thousands of dollars]
On demand
Paper
with
one or
more
Num- individSecured
ber of ual or
by stocks
banks
firm
and
names
bonds
(not secured
by
collateral)
New York..
Chicago
._
Other reserve city
banks. .
Country banks
Total..

On time
Secured
by other
Paper
personal
with
securione or
ties, inmore
cluding individual Secured
by stocks
meror firm
and
channames
bonds
dise,
(not sewarecured by
house
receipts, collateral)
etc.

31
12

51, 518
31,913

450,671
104,977

54,029
33,587

375
7,823
8,241

227, 879
422,226

481,680
425,875

105,479
82,995

733, 536 1, 463, 20b

276, 090

34
15

41,314
34,255

537,209
127,286

44,781
31,101

363
7,673
8,085

219, 111
442,879

467,833
413,297

100,654
87,082
263,618

857, 867
263, 669

300,520
65,839

Secured
by other
personal
securities,
including
merchandise,
warehouse
receipts,
etc.

Secured by improved real
estate under
authority of sec.
24, Federal
reserve act, as
amended

Farm
lands

Farm
lands

Other
real
estate

Farm
lands

Other
real
estate

Cus->
tomer's
Accept- liability
ances on acof reporting count
of
banks drafts
purpaid
chased under
or discounted letters
of
credit

136
1
8,508
100,384
108, 892

118
273

987
201

229

26,210
1,171

2,476
189

18,529
106,404

24,381
102, 567

17,595
49,159

9,433
13, 439

22,388
11,105

5,312
3,415

125, 070

127,339

23,101

60,874 I 11,392

125
27

81,442
46,450

532,800
351,899
1,930,426
620,158
631, 482
3,124,781
6,176, 743 1, 519,317 1, 111, 273

Other
real
estate

Secured by real estate mortgages
or other liens on realty not in
accordance with sec. 24, Federal reserve act, as amended
Acceptances
of
other
For debts prebanks
viously conAll other real
distracted (sec.
estate loans counted
5137, U.S. R.J3.)

115
255

978
411

36,359
152,386
188,897

13, 330
106,422

16, 564
56, 582

1,507
7,524

7,526
15,849

21, 528 ' 6,076
7,936
2,381

20,122

74,535

9,031

26,543

91,026

33,998

333
23

67,126
4,027

31,463
4,608

5,464
23, 977

27, 798
8,816

5,895
1,800

3,095
7,298
67,942 | 10,393

830
95

Total

1,827,033
548,365

1,379 3,740, 783
202 5, 701, 490
2,506 11,817, 671

JUNE 30, 1924
New YorkChicago
Other reserve city
banks
C ountry banks
Total

737, 559 1, 545, 625

873,387
277,098

344,407
73,209

81,464
45,736

1,852,649
519,079
343,091
623, 003
3,120, 470
616, 805
6,123,604 1,559,698 1, 087, 096

8,848
107,161
116,009

3,168

59,299
2,263

22, 551
2,990

302
33

2,009,100
594, 664

816 3,614,971
216 5, 759,993
1,367 11,978, 728

J U N E 30, 1925
New York
Chicago
Other reserve city
banks.
Country banks
Total

33
14

30,193
30, 614

582,472
156,641

48,185
43,030

837,112
237,908

410,402
96,336

73,865
36,954

17
67

588
9

21
250

1,549
94

369
7,656
8,072

212, 796
452,497

618,114
485, 940

115, 746
93, 600

1,911,418
3,145,880

640,909
670, 083

365,122
586,814

9,212
112,918
122, 214

46,459
222,191

12, 583
110, 478

19, 603
60, 628

726,100 I, 843,167

300, 561

6,132, 318 1,817, 730 1,062, 755

269, 247

NOTE.—St. Louis terminated as a central reserve city and designated ottier reserve city July 1,1922,




123,332

81,874

1,602
8,732
10, 334

29, 797 107,767

43, 766

979
56

27 084, 305
610, 617

1,925
145

3,994, 646
5,984,499

3,105 12, 674,067

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925
DECEMBER 31, 1924
[In thousands of dollars]
Demand deposits

Cities, States, and Territories

New York
Chicago

Individual
deposits
subject to

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 d a y s

State
and
other
municipal
deposits

Other
time
deposits

Postal
savings
deposits

Total

OTHER RESERVE CITIES
--_-_ ___ _ __

1_

____
___

_ _
-.
_
- -

17,976
9,125

17,194
13,807

1,352

3,255
1,902

47,416
1,670

2,181,010
520, 822

43,238
6,153

378
6,215

269,018
33, 069

12,495
1,710

325,129
47,147

27,101

31,001

1,352

5,157

49,086

2, 701, 832

49, 391

6,593

302,087

14, 205

372, 276

401,150
23,923
40,187
30,949
391, 216
216,832
80, 316
69,085
33, 735
44,376
21,787
20,005
26, 755
53,850
11, 766
21, 785
6,812
54,633
23,888
9,656

1,147
58
305
80
1,520
4,498
247
486
298
1,258
15
372
40
167
230
218
296
1,463
580
88
36
482
595
14
260
120

SO

2,425

1,165
75
108
83
810
538
464
253
231
127
31
60
143
215
14
143
42
255
71
167

2,595
9,453
569

408, 532
44,695
41,548
31, 738
403, 240
229, 326
85, 562
71,503
35,968
46,642
23, 7$t3
21, 028
27, 255
54,480
12,490
23, 320
7,265
57,161
24, 870
10,860
3,136
42, 040
7,992
20,136
60, 656
28,152

12,413
850
311
2,462
4,344
1,365
2,556
2,446
283
95
6,012
1,130
1,222
491
712
598
344
2,407
1,287

82,476
10,323
3,251
20,263
70,040
65,474
16,735
29,549
19,169
22,044
17,066
13, 509

4,028

849
8,055
1,719
3,685
2,271
3,294

145
300
6,850

4,Q46
24
1,549
97
1,818
1,169
70
875
76
36
207
99
82
122
29
78
22
53
81
3
11
134
62
33
251
61

98, 935
11, 107
5,111
23, 912
76, 202
58,026
20, 201
33,370
19, 528
22,175
25, 86.5
14, 738
2, 076
13, 490
6, 585
7,705
11, 007
23, 472
10, 948
4,186
1,989
22, 091
5,182
12, 412
21, 267
37, 435

2,741

- -




41, 251
7,339
18,191
55,065
22,193

'379
616
4,318
2,767
4,388
1,327
i, 618
865
1,821
91
317
198

480

1,170

754
331
951

4,913
1,014

350

225
58
46
186
41

50
4
115
56

9

82

463
3,677
147
352
86
16
69
500

1,852
5,164
4,221

33
1
1,577

1,090
18
840
500
2,508
772
1,674
106

I

•

2,588,135

Total central reserve cities.
Boston

Dividends
unpaid

2,093,817
494,318

__

Albany
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh .
______
Baltimore
Washington
_
Richmond
Atlanta
___
Jacksonville
Birmingham
_
New Orleans
Dallas
El PasoFort Worth
Gaiveston
Houston
San Antonio
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati
Cleveland
-

State
Deposit
Certifior
cates of
subject
other
deposit
to notice
due in municiof less
pal
less than
than
30 days deposits 30 days

Time deposits

11, 203
5,738
7,029
10, 641
21, 012
5,552
4,070
1,129
13, 902
3, 401
8, 549
18, 445
27, 230

o
o
%

2

I
W
o

to

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued

k3

DECEMBER 31, 1924—Continued
[In thousands of dollars]

00

Demand deposits
CertifiState
Deposit
or
subject
Individual cates of
deposit
other to notice
deposits
subject to due in munici- of less
pal
less than
check
than
30 days deposits 30 days

Cities, States, and Territories

Time deposits

Dividends
unpaid

Other
demand
deposits

83
15
106
117
90
376
76
98
457
176
19
20
32
24
65
24
282
31
83
14

10

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal

Other
time
deposits

Postal
savings
deposits

Total

OTHER RESERVE CITIES—continued

Columbus..
Toledo
Indianapolis
Chicago
Peoria
Detroit
Grand Rapids
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
Des Moines
Dubuque
Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln.,.
_
Omaha
Kansas City, Kans
Topeka
Wichita
Helena...
Denver
Pueblo
Muskogee
Oklahoma City—
Tulsa.
__.
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco

._

_

_
_

_

_

.-.




_

_.

32,058
3,270
42,456
22,463
11,114
117,481
13,143
65,200
78,844
54,927
5,113
15,029
2,717
9,309
57,855
9,224
151,905
8,939
48,115
3,780
5,934
11,752
3,015
60,723
8,263
5,845
21,904
28,574
52,818
11, 620
38,041
123,413
12,153
130,972

875
143
318
442
93
3,214
258
1
811
4,091
168
99
506
826
5,383
289
1,582
464
1,260
213
325
869
100
793
141
958
1,366
857
32
489
874
14
1,511

9,608
178
6,340
1,831
155
4,905
100
5,325
5,172
5,031
278
2,242
187
500
2,156
2,184
1,600
2,715
1,687
2,283
2,744
468
4,513
186
555
4,707
2,713
6,552
1,676
4,837
12,440
2,275
4,886

70

219

110

18
159
5
55
20
20
224
26
136
295
45

377

270
157
19

7
249

49

53
26
35
325
21
106
745
268

42,704

2,808

49,220
24,923
11,474
125,976
13, 577
70,894
85,441
64,244
5,797
17,398
3, £42
10,666
65,708
9,537
156,002
11,034
52,187
5,697
8,568
15,389
3,605
66,200
8,595
6,508
27,615
32, 708
60, 776
13, 375
43, 719
137, 767
14,487
138,014

3,639
1,176
4,201
4,255
3,740
9,156
8,475
5,735
1,296
1,417
1,379
2,073
1,736
1,468
9,716
159
4,254
632
206
2,886
376
2,180
1,035
1,641
2,314
3,426
2,620
4,156
1,299
5,707
374
11, 790

628
900
368
5
400
3,128

515
325

7
1,718
636
772
30
5,046
~~~560~

6,892
2,916
1,329
41,683
5,631
25,097
8,452
22,238
37,275
16,811
4,874
3,265
3,702
5,350
2,735
5,387
49,033
3,547
7,418*
520
75
2,325
1,110
46,442
2,307
1,805
10,332
8,225
28,983

13, 278
35, 974
55,364
1,951
38, 218

56
107
551
27
498
30
607
563
1,214
10
295
13
382
621
20
408
14
225
181
124
98
70
747
215
16
989
34
3,278
80
1,034
371
184
427

10, 666
3,872
5,075
43, 778
9,864
30, 250
12, 222
32,001
49, 441
23, 760
6,180
5,093
5,094
7,805
5,092
6,875
59, 672
3,720
12, 222
1,340
405
5,309
1,556
51, 087
3,557
4,098
14,407
12,178
34, 911
17, 514
38, 307
66, 488
2,509
50,995

Ogden

__

_._

4,215
15,106

5,442
17, 611

3,016,776

393
627
45, 256

834
1,867
151, 026

8, 758

5, 604,911

72,357

182, 027

10,110

14, 336 |

71, 315

32,626
33,684
15,810
209,860
36, 529
127,363
455,872

774
1,533
351
3,222
2,708
3,752
12,340

8
3
130

3,112

9
59
47
1,036

141

3,112

302
201
218
733
138
577
2,169

306, 526
321,664
427,016
10,102
22,395
1,087, 703

7,229
6,490
11,702

29,452
650
9,248

77
1,451
10,844

190
25,611

2,609
41,959

79
12,451

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

83,225
69, 782
65,510
38,972
33,453
52,875
55,840
30,933
34, 775
258, 752
38,185
70,200
50,218
882, 720

5,137
2,010
377
391
2,383
1,433
1.527
l'f 418
1,680
9,258
4,931
1,138
1,020
32, 703

1,757
2,806
2,838
332
453
7,908
U71
2,998
3,293
17,191
1,068
923
278
43,016

3

Ohio
Indiana
Illinois
Michigan.
Wisconsin
Minnesota
._
Iowa
Missouri
Total Middle Western States.

180,919
112, 660
193,393
64,200
74,688
72,942
80,149
38,813
817,764

13,432
7,163
12,017
5,142
3,947
10, 712
11, 775
2,793
66,981

22, .245
8,141
5,607
4,887
3,630
7,889
5,127
1,946
59,472

Salt Lake City
Total other reserve cities
Total all reserve cities

11
9,179

22, 229

968
1,804

3, 253, 224

171,411

34, 650

1,003, 507

25, 086 1, 234,654

5, 955,056

220,802

41, 243

1,305, 594

39, 291 1,606,930

33, 719
35,480
16,426
218,093
39,375
132,175
475, 268

5,866
1,670
570
7,041
1,362
4,727
21, 236

2

67,498
12,409
27,367
165,144
12,346
59,883
344,647

100

1,107
4,056

18
153

2,093
8,113

COUNTRY BANKS

Maine-New Hampshire
__
__
Vermont
___
Massachusetts
Rhode Island
_
Connecticut
Total New England States...
New York.
New Jersey
Pennsylvania..
Delaware
Maryland
Total Eastern States




1,651
1,781
3,647
81
230
7,390

1
3

1,235
654
543
343
328
272
355
217
215
1,361
193
350
337

344

6,403

512
6
177
32
250
7
121
1

1,155
713
1,153
516
659
507
298
148

1,106

5,149

4
333

483
1,634
1,688
375
8,421

2
411
415
1,585
934
6,354

107
283
82
1,075
224
1,181
2,952

73,473
14,362
28,021
173, 671
13, 932
65,791
369,250

346, 623
332,411
470, 878
10,183
25, 618
1,185, 713

40, 248
5,829
114,609
155
2,483
163,324

555
9,428

415,119
307,985
612,458
5,944
56,359
1, 397,865

88
701
1,370
334
249
3,249

91,443
75,458
69, 282
40, 059
36,673
62,492
59,017
35, 566
40,051
287,597
45,747
72,946
52,105
968,435

31,350
19,433
26,453
11, 266
10, 228
5,835
6,314
9,488
2,123
17,164
6,754
25, 558
23,251
195, 217

1,356
126
688
1,035
464
2,454
17
35
1,112
4,155
103
473
366
12, 384

78,823
44,996
28,306
42,624
15, 620
25,692
25,666
13,629
12,744
22,060
12,395
21, 712
25,260
369, 527

116
227
244
114
79
502
100
42
36
415
127
56
19
2,077

111, 645
64, 782
55, 691
55,039
26,391
34,483
32,097
23,194
16,015
43, 794
19,379
47,799
48,896
579, 205

487
799
1,239
427
112
373
397
31
3,865

218, 750
129,482
213, 586
75,204
83,286
92,430
97, 867
43, 732
954,337

54,226
43, 749
68, 634
25,353
47,847
86, 733
74,000
11, 720
412,262

5,260
355
2,045
394
636
969
631
100
10,390

109, 506
55, 675
114,359
105, 779
74,949
56,309
36,128
7, 350
560,055

666
521
1,212
681
390
447
228
170
4,315

169, 658
100, 300
186, 250
132,207
123, 822
144, 458
110, 987
19, 340
987,022

115
10, 599
86
206
14
21
56
4
120

981
457,933
1,718
316,466
5,478
738,899
632
6,731
14
59,411
8,823 1,579,440

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28} 1925—Continued

oo
o

D E C E M B E R 31, 1924—Continued
[In thousands of dollars]
fc

-•" - 1 —

—""''

Time deposits

Demand deposits

Cities, States, and Territories

Individual
deposits
subject to

CertifiState
Deposit
cates of
or
subject
deposit
other
to notice
due in
municiof less
less than
pal
than
30 days deposits 30 days

Dividends
unpaid

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

Other
time
deposits

Postal
savings
deposits

1
Total

H

W
COUNTRY BANES—continued

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

33,043
25,736
30,975
77,700
27,298
16,913
45,187
13,763
122,346

_ _

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

_
_
_
_

Total Pacific S t a t e s . . . . . . .

A

...

.

Alaska (nonmember banks)
....
T h e Territory of Hawaii (nonmember b a n k s ) .

3,262
3,388
2,654
7,466
7,121
4,899
3,151
2,457
19,949

9
77
3
256
5

392,961

_

4,583
4,205
6,485
9,524
2,564
1,784
4,651
1,250
5,417
40,463

54,347

46,140
33,829
137,750
22,446
3,258
5,915
13,428

1,811
4,188
4,672
1,825
249
385
210

262,766
1,695
2,379

272
394
34
278
2,138
782
568
163
510

43,665
32,284
34,849
36,493
24,580
12,457
29,881
5,604
37,279

74,149

5,139

818

2,348
583
566
1,381
39
183
247

47,844
22, 659
97,429
15,519
4,018
5,583
7,781

8,571

150,631

5,347

200,833

681
315

121
2

8C5
650

85
72
136
221
246
318
383
40
174

41,039
33,517
40,299
95,505
37,321
23,934
53,438
17,522
148,190

32,896
24,837
30,851
28,029
12,169
4,848
12,395
3,141
22,615

1,196
251
105
345
59
293
430
222
3,122

417

902

1,675

490,765

171,781

6,023

10,352
6,371
22,216
7,019
1,147
990
1,817

31
13
87
338

269
148
681
52
9
18
12

44
44
759
25
2
14
37

58,647
44,593
166,165
31,705
4,665
7,322
15,504

8,313
8,127
10, 647
5,988
1,020
403
1,786

1,966
164
5,396
159
68

13,340

49,912

469

1,189

925

328,601

36,284

20
17

27
921

1
14

1

1,744
3,331

63
333

9,301
6,802
3,859
7,841
10,214
6,534
16,488
2,078
11,032

4,074

37

948

1

5,075

396

996

123

1,515

Total country banks.

3,903,860

191,475

249,795

17,899

23,217 |

21,948

4,480,194

1,000,500

47,211

2,897,870

28,776

3,974,357

Total United States

9, 508, 771

263,832

431,822

28,009

37,553

93,263

10,363,250

1,221,302

88,454

4,203,464

68,067

5,581,287

Total (nonmember banks) _




15

O

257,092

35,217
13,785
80,820
7,991
2,891
4,997
4,930

67

57
39
46
338
87
20
66
12
237

o
g

3

I

APRIL 6, 1925
CENTRAL RESERVE CITIES

New York

_

1,803,661
447,232

Chicago
Total, central reserve cities..

15,142
10,406

11,720
21,265

2,250,893

25,548

32,985

93

363,811
23,734
38,358
30,710
377,990
218, 712
71,923
69,623
31,438
46,146
27,320
18,726
21,510
59,775
11,353
30, 720

5,451
6

50
11,819
377
681
13,306
4,520
3,112
1,326
1,415
442
2,842
184
550
1,105
641
2,168

70

649
331

43,967
183

1,875, 221
479, 428

47,583
10,072

1,376
10,620

281,822
36,618

12,025
1,570

44,150

2, 354, 649

57, 655

11, 996

318,440

13,695

1,073
16,074
531

370,658
51, 704
39,351
31, 470
397,379
235,528
76,330
72,048
33,315
47,912
30,191
19,834
22,364
61,156
12,355
33,101
7,160
59,267
26,213
10,760
3,808
43, 001
7,345
19, 548
60,603
33,373
46,616
3,530
42,050
25, 573
12,058
116, 307
12, 835
68, 534
84,055
60, 760
6, 361
19,372
3,313

21,955
2,253
360
2,767
5,538
2,904
2,632
2,321
335
132

18
840
500

90,448
10,980
3,644
22,277
67,907
56,136
19,486
28,318
20,232
22,468
17, 589
13,026

1,443
2,384
161

13,058
5,250

3,833
27
1,310
83
1,837
1,076
70
2,562
70
39
260
102
78
137
28
90
33
53
102
5
6
136
60
32
262
52
363
36
126
551
30
465
35
494
537
1,260
15
530
9

342,806

OTHER RESERVE CITIES

Boston
Albany
Brooklyn and Bronx
Buffalo
Philadelphia.
Pittsburgh... _
Baltimore
Washington
_
Bichmond
Atlanta
Jacksonville
Birmingham
New Orleans
Dallas__
El Paso
Port Worth.
_
Galveston
Houston
_
San Antonio
Waco
Little Rock..
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
_
Toledo....
___
Indianapolis
Chicago
_
Peoria.
_
Detroit
Grand Rapids
Milwaukee
Minneapolis
._
St. Paul
Cedar Rapids
Des Moines.
_
Dubuque

___

_._

_._
_
___
_._

....




56,343
24,177
8,853
3,022
42,519
7,075
17, 757
55,208
22,803
34,822
3,240
36,540
23,528
10,596
107,158
11,963
59,826
^76,849
51, 550
5,479
16, 756
2,363

1,839
7,721
509
638
379
1,308
16
424
288
168
361
207
348
1,376
513
24
25
361
269
14
330
111
803
131
401
443,
103
3,969
364
1
527
3,634
134
394
404

3,717
964

494
3,569
731
204
66
12
5
500
59
2
422

1,475
1,510
1,882
668
87
1,737
5,034
9,032
10,869
157
5,091
1,431
235
5,103
500
8,626
6,422
5,535
507
2,218
546

203
71
5
10
S3
42
55
256
17
4
8

70
77

4
239

2
1
2
34
1
6
29
14
15
18
27
101
77
8
17
62
19
2

11
91
34
2
1,413
37
67
23
64
195
18

705
852
355
539
634
493
3,033
1,352
184
1,102
8,427
2,013
3,763
3,483
3,983
3,432
2,687
1,142
4,484
4,359
3,774
8,094
8,796
3,845
1,170
1,170
1,572

1,370

4,329

28
300
9,235
3,489
2,400
323
15
2,400
2,518

11,059
22,345
3,943
4,299
1,055
14,189
3,307
9,473
19,676
28,625
7,387
2,778
1,302
41,948
5,730
28,836
9,027
22,983
37,813
19, 068
5,069
3,749
3,574

116,236
13,260
5,314
26,497
75,282
60,134
23,028
33,701
20,637
22,639
26,320
13,833
2,373
15,934
5,978
9,319
11,585
25,431
9,726
4,488
2,163
22, 752
5,380
13,296
23, 721
41, 895
14, 671
5,214
4,115
43,964
10, 259
36,060
12,836
31, 571
49, 664
24,173
6,254
5,467
5,165

to
to

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued

00

APEIL 6, 1925—Continued
[In thousands of dollars]
Demand deposits
Cities, States, and Territories

CertifiDeposit
State
Individual cates of
subject
or
deposit
deposits
other to notice
subject to due in munici- of less
less than
check
than
pal
30 days deposits 30 days

Time deposits

Dividends
unpaid

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

§
Other
time
deposits

Postal
savings
deposits

Total

W
1

OTHER RESERVE CITIES—continued

Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha
___
Kansas City, Kans
Topeka
Wichita
Helena
Denver
Pueblo
Muskogee
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
___
Oakland
San Francisco
Ogden
Salt Lake City

9,133
56,695
8,371
136, 751
9,572
48,842

_
>
_

6,400
11,900
2,578
60,175
7,491
5,099
24, 579
38,570
49, 739
10, 430
36, 307
120,387
13,800
125, 325
3,622
13,974

734
5,574
325
988
472
1,408
251
379
977
102
762
154
822
531
31
586
1,054
91
2,106
433
595

3,221, 534

74, 509

5, 576,183

12
184
800

5,647
1,430
2,294
637
1,139
1,667
289
8,721
375
787
6,239
6,268
11, 763
4,210
4,789
14,223
2,444
7,837
696
1,593

""80

56
16
27
354
32
190
1,909
24
264
7
18

Total other reserve cities

2,931,074

53,184

200,178

5,159

Total, all reserve cities

5,181, 967

78, 732

233,163

5,252




144, 246
11,479
52, 685
5,188
7,920
14, 548
2,969
69, 682
8,020
5,951
31,501
45, 692
62,434
14, 704
41,965
137, 613
16, 359
135, 537
4,758
16,180

2,072
1,788
1,231
10,399
193
3,940
630
192
2,395
399
2,050
1,113
1,472
2,573
4,125
3,205
4,258
1,446
6,566
488
10, 527
983
2,284

30, 359

1,344
2,583

2,560

11,223
65,043

5,339
1,780
""275"

1,374
5
906
833
393
50
9,698
'"""560"

5,301
42,043
3,548
7,439
526
79
2,739
1,135
46,963
2,444
2,053
10,811
27,919
11,897
36,179
60,581
2,527

385
661
22
412
15
205
112
82
813
218
19
1,076
43
84
977
395
175
475
12
150

7,796
5,277
6,554
54, 634
3,756
11,880
1,364
476
5,246
1,616
51,200
3.780
4,450
15,293
13,529
34,262
16,239
77,240
3,190
50,151

i
a
d

7,957

W
ft

1,031, 784

26, 657 1,296,926

o

1, 350,224

40,252

I,406

1,104
4,123

187, 557

50,928

245, 212

62, 924

}

{

COUNTRY BANKS

Total' Middle Western States
North Dakota..
South Dakota...
Nebraska
Kansas
Montana




55

36,289
562
13,203

88
1,913
9,866

190

5,939

454,364

16,328

123

361,047

2,847

380,345

199
144
384

2,747
630
9,019

45, 706
6,990
115,424
164
2,830

1,442
618
5,076
477

425, 744
318,793
631,918
6,718
57,152

1,348
2,340
4,667
100
13

474,240

155

349,378
311, 596
462,346
9,119
24,909

739

12, 551

1,157,348

171,114

7,613

1,440,325

8,468

1,627,520

264
92
32
186
189
7
80

22,377
=

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

70

6,446
6,692
11,494

1,627

34,441
33,453
14, 626
207, 857
38,309
125,678

84
621
1,382
160
481

87,099
75,784
67, 848
37,006
34,084
88,990
56,372
35,047
37, 779
281,181
43, 050
71,105
52,145

32,287
20,590
25,177
10,364
10,949
10,038
6,470
2,424
10,421
20,175
8,496
26,683
24,565

1,521
103
563
514
433
2,731
11
1,089
2,323
5,772
130
389
5

80,360
45,548
29,447
43,237
16,093
29,230
26,613
12,987
13,493
22,821
12, 760
23,178
25,291

114
207
54
149
79
659
97
39
43
520
545
59
19

114, 282
66,448
55,241
54,264
27,554
42,658
33,191
16, 539
26,280
49,288
21,931
50,309
49,880

48

145

2,174 |

52

1,055,134

Total Eastern States.

Total Southern States

11,614

303,609
301,655
418,380
9,113

Total New England States
New York
New Jersey. - .
Pennsylvania.
Delaware
Maryland

720
1,474
317
2,962
2,698
3,443

436,496

Vermont..
Massachusetts.
Rhode Island..
Connecticut

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

2, 032
58
35
2,187

31,656
31,902
14,266
202,510
35, 598
120,564

Maine-

24, 777

52,228 I

11,919

. 11

,

,907
1,666
645
7,767
1,352
3,991

72, 563
12,969
27,450
171, 733
12,856
63,476

104
296
82
1,040
203
1,122

73,661
14,931
28,178
180,575
14,411
68, 589

328, 741
757,085
6,982
60,472

= =

50,519

5,157
1,550
325
388
1,942
770
1,213
1,451
1,393
7,294
3,438
1,052
789

874,499

26, 762

61,918

390

343

3,578

967,490

208,639

15,584

381,058

180,325
106,514
207,454
63,170
77,334
70,274
85,105
36, 709

11, 793
6,605
11,897
4,994
3,626
9,114
• 10, 852
2,451

29,038
7,377
6,549
12,893
11,619
8,547
8,935
2,184

253

69
46
64
53
47
10
21
4

718
773
1,244
478
82
316
446
34

222,198
121,315
227,347
81, 589
92,912
88, 272
105,460
41,437

54,287
43,623
71,159
24,693
48,254
89,733
72,921
12,137

5,740
954
1,560
1,185
1,737
1,786
510
139

109,950
56,892
116,138
108,044
74,450
57,029
35, 840
7,500

2,584
703~
476
1,300
704
408
504
867
190

826,885

61,332

87,142

314

4,091

980, 528

416,807

13,611

565,843

5,152

1,001,413

29,522
25, 654
33, 769
75,098
26,004

4,000
4,070
6,392
9,312
2,385

5,299
3,692

97
87
162
189
251

38,987
33, 519
42, 604
90, 730
33, 607

34, 068
25,105
30, 599
29,586
13,070

1,156
269
98
228
63

9,695
7,157
4,064
8,104
10, 619

355
513
36
377
2,273

45,274
33,044
34, 797
38,295
26.025

80,529
70,428
64,081
35,922
31,613
78,237
54,027
27,062
33,120
243,597
36,365

1,085
3,665
3,396
500
319
9,961
1,031
6,529
3,155
29,240
1,854
861
322

2,267
5,792
4,962

6
382

139
1
204
11
101
55

63
2
4
337
4

607,865
170, 680
101,945
190,157
134,626
124,849
149,052
110,138
19,966

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 88t

1925—Continued

to

APRIL 6,1925—Continued
[In thousands of dollars]
Time deposits

Demand deposits

Cities, States, and Territories

CertifiState
Individual cates of
or
deposit
deposits
other
subject to
due in
municicheck
less than
pal
30 days deposits

Deposit
subject
to notice
of less
than
30 days

Dividends
unpaid

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

Other
time
deposits

Postal
savings
deposits

Total

COUNTRY BANKS—continued

Wyoming
Colorado
New Mexico
Oklahoma _. __

.

10

134
140
14
140

19,783
52,882
16,199
141,408

5,171
12,615
3,191
25,999

284
406
236
3,505

6,318
16,445
2,155
11,824

933
597
171
577

12,706
30,063
5,753
41,905

57

1,214

469,719

179,404

6,245

76,381

5,832

30
63
619
8
2
14
24

63,126
44,103
155,942
24,669
3,349
6,659
15,126

8,799
8,336
10,463
6,819
922
570
1,847

1,644
141
5,649
140
107
6
612

33,956
13,746
80,739
7,833
3,032
5,155
5,203

2,323
312
531
1,355
42
166
272

46,722
22,535
97,382
15,147
4,103
5,897
7,934

53

760

312,974

36, 756

8,299

149,664

5,001

199,720

1

1,692
2,945

69
565

751
340

147
2

967
907

o
o

267,862

4,
17
24
1
1
1
5

O

14,751
42,887
12,925.
114,453

1,368
4,065
1,127
4,424

3,530
5,687
2,133
22,346

89
35

375,063

37,143

55,708

534

_

43,432
33,214
130,444
18,399
2,490
5,590
13,461

1,580
3,755
4,231
1,508
273
297
100

18,014
7,037
20,537
4,411
583
757
1,536

66
17
87
342

Total Pacific States

247,030

11,744

52,875

512

1,649
2,299

17
23

25
623

3,948

40

648

1

4,637

634

1,091

149

1,874

Total country banks.

3,819,055

173,412

310, 589

14,174

28,134

4,347,060

1,029,682

51r475 ~ 9 7 5 , 4 0 9

30,033

4,086,599

Total United States

9,001,022

252,144

543,752

19,426

102,643

9,923,243

1,274,894

70,285

5,785,211

_ _ _

Total Western States
Washington
Oregon .
California-_Idaho,
.,.
Nevada...
Arizona.» .

Alaska (nonmember banks). . _.
Tb© Territory of Hawaii (nonmember banks).
Total (nonmember banks)




14

4,256

114, 399

4,325,633

3
O

a
4

J U N E 30, 1925
CENTRAL RESERVE CITIES

New York
Chicago

. . .

2,070,500
452,991

_

Total central reserve cities

8,340
8,656

12,952
57,987

302

2,609
2,046

48,645
562

2,143,348
522, 242

2, 523,491

16,996

70,939

302

4,655

49, 207

2,665, 590

403,690
22,387
38,802
41,287
399,410
228,120
77,418
66,882
32,911
45,439
28,923
17,436
22,096
64,975
12,007
32,428
5,612
57, 332
23,678
8,077
2,783
37, 739
6,402
19,217
57,699
25,638
36, 598
3,898
39,515
24,801
11, 712
118, 896
12, 676
58,014
87,701
46,124
5,144
16, 474
2,849

2,512
6
101
128
1,703
4,624
240
840
301
1,257

50
14,889
397
452
4,250
5,358
2,472
1,330
1,184
544
4,325
152
405
1,085

200

1,375
38
63
57
728
548
476
233
229
127

2,800
28,638
532

28

59
500

410,627
65,958
39,895
41,924
410,033
243,169
81, 324
69, 521
34,686
47,441
33,350
18,427
22,674
66,434
12, 810
34,945
6,288
61,280
25, 742
9,694
3,907
38,442
6,967
21,463
62, 978
35,605
45,996
4,639
45,634
27, 673
12,428
131, 825
14, 082
70,720
96, 250
56, 237
5, 708
17,226
3,444

34, 739
6,488
41, 227

299
12,640

279,627
43, 519

10,912
1,576

325,577
64,223

12,939

323,146

12,488

389,800

98, 516
11, 541
3,639
22, 569
70, 218
60,398
26,001
31, 567
. 20,553
23, 361
21,080
13, 730

3,793
28
1,341
76
1,968
1,090
68
779
63
56
270
104
76

127, 724
14,030
5,582
27, 743
76,961
68,454
31, 597
34, 818
20, 979
23, 589
30,800
13, 838
2,996
17,428
6,610
9,903
11, 891
26,565
9,489
4,651
2,046
24, 305
5,574
14,034
24, 800
45, 243
14, 285
4,391
5,201
45,101
9,860
45,218
13, 022
32,485
49, 261
24,051
6,236
5,014
5,220

OTHER RESERVE CITIES

Boston
Albany
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh .
Baltimore
Washington
Richmond
Atlanta
Jacksonville
"Birmingham
New Orleans
Dallas .
El Paso
Fort Worth
Galveston
"Houston
Ban Antonio
Waco
Little Rock
Louisville
Uv^emphis
Nashville
Cincinnati _
Cleveland
Columbus
Toledo
Indianapolis
Chicago
Peoria
Detroit
Grand Rapids
Milwaukee
Minneapolis

_.

St. Paul

Cedar Rapids
Des Moines
Dubuque___




15

279
72
109
341

3,446
1,055

60
101

259
50

398

191
346
1,391
528
96
27
400

2,174
280
2,444
1,471
1,446
1,097
92

516
14
416

2,651

125
913

4,697
8,860
8,337

122

150
38
39
48
75

70

350

4,477
800

398
939
112
295
559

890
4

15

140
319
76
115
295
151
19
14
36

199

7,330
7,713
9,010
181
442

74
17

92
74
113
90

530

2
32

45
1

5,417
2,260

8,133

6
14

211
49
96
165

604

589
447

496
3,464
718
236
61
74

252

75
27

5,261
143
13
1

25,415
2,461
602
3,726
4,775
6,741
4,688
1,972
363
172
5,936
4
1,370
891
435

808
432
3,410
1,189
119
893
9,164
2,131
3,712
3,593
4,227
3,282
3,011
1,158
3,955
9,042
3,909
8,678
9,499
3,278
1,280
1,180
1,417

1,372
225
840
500
3,514
1,550
1,473
675

4,156

28
300

9,608
3,228
1,435
298
15

1,400
572

1,265
95

14,931
5,439
11,' 433
23,102
4,040
4,525
1,148
15, 016
3,379
10,260
20, 631
31, 369
7,441
2,917
2,069
43, 087
5,861
34, 286
9,080
22, 771
37, 956
19, 524
4,939
3,232
3,784

133
61

101
26
53

104
7
5
125
64
34
276

39
334
39

121
558

29
490
33
464
541

1,249
17
507
19

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued

to
00

JUNE 30, 1925—Continued
[In thousands of dollars]
Time deposits

Demand deposits

Cities, States, and Territories

CertifiDeposit
State
subject
Individual cates of
or
deposit
deposits
other
to notice
due in
subject to
municiof less
less than
pal
than
check
30 days deposits 30 days

Dividends
unpaid

Other
demand

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

Other
time
deposits

Postal
savings
deposits

Total
H

W

OTHER RESERVE CITIES—continued

Sioux C i t y . .
Kansas City, M o . . .
St. Joseph
_
St. Louis
...
Lincoln
_..
Omaha
Kansas City, Kans..
Topeka._
Wichita
Helena
Denver
_.
Pueblo
Muskogee
Oklahoma City
Tulsa...
_
Seattle
Spokane
Portland
Los Angeles
Oakland..
San Francisco
Ogden
Salt Lake City

O

9,149
57,324
6,939
135,516
9,363
50, 707
3,082
9,002
12, 749
2,727
62, 769
8,555
4,622
24,945
43, 524
51, 293
10,244
36, 567
125,011

604
5,512
354
1,122
452
1,215
246
281
878
104
1,270
151

181
2,462

35
33
14
478
43
72
16
26
13
19
123
5
28
42

2,048
4,111
2,050
3,612
2,536
350
6,504
163
835
6,870
5,173
9,381
3,297
5,530
U, 186
3,106
9,602
372
1,170

14,411
129,336
3,417
13, 737

789
1,823
419
6
569
1,043
14
1,653
538
662

Total other reserve cities.

3,067,779

49, 519

195,017

5,039

8,818

Total, all reserve cities

5, 591, 270

66, 515

265,956

5,341

13,473




204
15
137
294
50
374

6,491
2,984
5,789
44,325
3,717
7,352
562
351
3,233
1,177
46,298
2,633
2,096
11, 214
9,383
28, 314
12,259
37, 630
63,438
2, 557
38, 547
1,081
4,224

362
722
24
414
16
233
200
214
111
85
864
202
19
1,109
43
3,073
82
1,001
386
170
447
13
137

8,200
5,501
7,050
58,314
3,934
12,030
1,382
1,505
5,462
1,671
50,401
3,927
4,470
15, 395
13, 659
34,401
16,465
40, 286
78,069
3,622
51,426
1,768
7,078

141, 639
17, 610
141, 660
4,330
15, 574

2,347
1,795
1,237
11,839
201
4,055
620
940
2,118
409
1,627
1,087
1,608
2,611
3,841
2,934
4,124
1,655
7,574
895
11,572
674
1,917

48,810

3,374,982

206,598

1,089,042

25,068

1, 367,011

98,017

6,040, 572

247,825

1,412,188

37,556

1,756,811

9
298

70
375
256

11
60
11
29
480
37
159
2,105
29
695
3

9,978
7,307
140,820
11,906
56,480
5,650
12,921
16,176
3,200
70,677
8,874
5,545
32, 657
50, 549
61, 792
13, 599
42, 963

1,736

1,612
5
747
461
392
80
6,671

800

o
g

Pi
O

a

3

COUNTRY BANKS

Maine.
New Hampshire.
Vermont
Massachusetts...
Rhode Island
Connecticut
Total New England States-.
New York
New Jersey...
Pennsylvania _
Delaware
Maryland
Total Eastern States.
Virginia
West Virginia. „
North Carolina.
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas.__
Arkansas
Kentucky.
Tennessee
Total Southern States..
Ohio
Indiana
Illinois
Michigan. ,
WisconsinMinnesotaIowa
Missouri..Total Middle Western States.
North Dakota..
South D a k o t a Nebraska
Kansas
Montana.
Wyoming
„




31,621
33,385
16,186
217,611
36,105
127,162

792
1,594
389
3,360
3,013
3,504

462,070

12,652

56

312,158
327,088
415,384
9,863
23,609

7,027
6,530
10,708

34,930
709
16,343

134

2,373

1,088,102

24,399

54,355

79,173
67,812
58,514
32,731
29,430
84,526
49,019
26,264
31,730
236,717
34,764
65, 728
49,593

4,846
1,766
750
243
1,777
1,265
1,067
1,369
1,253
8,003
3,053
953
840

1,069
2,805
3,522
1,249
376
11,365
1,151

846, 001

27,185

58,113

185,389
111, 631
208,267
65, 600
75, 288
70,407
82,024
38,011

11, 228
6,749
11,361
4,791
3,524
8,776
10,188
2,407

29,088
10,900
8,290
9,370

"132

15,513
3,160
2,146

836,617

59, 024

26,471
23,981
31,975
76,411
25,255
15,573

4,560
4,048
6,142
9,587
2,545
1,289

1,101
1,425
434
7, 736
1,479
4,720

184
204
780
135
531

35
233
581

32, 720
35,631
16,814
222, 069
39,253
131,778

40

2,132

1,315

478, 265

16,895

197
1,830
9,664

1,711
1, 571
3,655
68
231

1, 757
1,484
8,254
' 2
110

357, 780
339,212
464, 008
9,933
26,543

41,998
7, 753
115,933
157
2,826

11,777

7,236

11,607

1,197,476

168,667

11

1,176
621

120

282
250
247
177
142
744
101
364
314

146
95
38
55
244
16
74
38
784
1,282
1,582
13

86.421
73,099
63,304
34,611
32,229
97.422
51, 558
32,638
35,778
271,682
41,942
69, 547
51,097

31,686
20, 538
23,580
10,443
10,186
12,529
6,571
9,854
2,650
21,392
8.880
26; 779
24,808

1,891
83
513
651
402
2,574
6
3,024
890
5,767
146
52
18

81,028
46,653
28,623
44,097
15,624
30,702
27,378
14,136
14,114
25,051
13,402
24,460
26,861

110
213
61
172
81
662
99
44
45
593
140
394
24

114, 715
67,487
52, 777
55,363
26,293
46, 467
34,054
27,058
17, 699
52,803
22, 568
51,685
51,711

5,231

4,367

941,328

209,896

16, 017

392,129

2,638

620,680

216
19
141
228

1,023
758
970
516
558
351
239
131

526
912
1,160
938
102
435
471
17

227, 723
130,950
230,180
81, 215
88,027
95, 501
96,223
42,940

54,290
45, 753
73,130
25,887
47,336
86,833
73,918
12,685

236
1,413
899
1,785
1,761
123
171

490
1,302
680
400
536
472
199

172, 245
105, 581
194, 966
137, 998
126, 376
145,436
112, 581
21, 274

86,806

1,205

4,546

4,561

992,759

419,832

12,011

579,839

3,075
4,077
2,921
7,686
5,787
4,215

1
2
54
482
4

19
9
39
258
42
31

118
236
218
119

34,192
32,200
41,249
94,660
33,851
21,227

33,289
24,855
31, 730
30,025
12, 589
4,899

1,175
153
183
199
113
196

9,790
7,178
4,010
8,590
11,131
6,433

40

2,615
25,134
2,742
920
337

300

469

74,996
13,273
28,128

76,196
14,980
28, 641
187,107
15,027
69,407

178, 225
13,358
63,609

282
76
1,000
190
1,078

149

371, 589

2,725

391,358

3,111
504
6,306
290

441,613
333,115
638,939
6,859
57,389

1,033
1,583
5,153
86
427

487,755
342,955
766,331
7,102
60,932

10,211

1,477,915

111, 636
59,102
119,121

110, 532
76, 855
56, 306
8,219

8,282 1, 665,075

4,775 1,016,457
372
558
150
388
2,283
1,039

44, 626
32, 744
36, 073
39, 202
26,116
12, 567

3, 1925—Continued

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September

to
OQ
QO

JUNE 30,1925—Continued
[In thousands of dollars]

Demand deposits
CertifiDeposit
State
Individual cates of
subject
or
deposit
deposits
to notice
other
subject to due in municiof less
check
less than
than
pal
30 days deposits 30 days

Cities, States, and Territories

COUNTRY BANKS—continued
Colorado .
New Mexico
Oklahoma

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

Other
time
deposits

>

93
10
48

74
5
119

130
11
216

48,353
16,146
135,596

13,100
2,595
25, 788

422
228
3,749

17,383
1,842
11, 758

38,466

58,535

694

596

1,197

457,474

178,870

6,418

1,599
3,607
4,059
1,708

36
11
74
347

180
131
605
31
6
20
21

50
73
703
16
33
13
48

61,104
44,152
161,358
25,952
3,094
7,137
14,601

8,461
8,073
10,309
5,607
982
433
1,452

1,402
166
5,981
101
87

105

15,974
7,808
22,762
5,938
406
969
1,686

247,764

Alaska (nonmember banks)
JIawaii (nonmember banks)

3,488
2,869
24,417

43,265
32,522
133,155
17,912
2,387
5,782
12,741
.

3,976
1,253
5,066

357,986

Total Western States

11,693

55,543

468

994

936

317,398

35,317

1,713
2,152

16
28

25
1,027

3
17
20

1

1,758
3,224

75
322

o
w
Total

646
194
626

•31,551
4,859
41,921

78,115

6,256

289,659

925

35,252
14,046
82,984
7,959
2,990
6,311
5,157

2,257
541
587
1,366
40
181
286

47,372
22,826
99,861
15,033
4,099
5,925
7,820

8,662

153,699

5,258

202,936

789
338

156
2

1,020
662

3,865

Total country banks
.




.

•

Postal
savings
deposits

44

1,052

1

4,982

397

1,127

158

1,682

3,842,405

Total (nonmember banks)
Total United gtates .

Dividends
unpaid

40,592
11,998
105,730

Washington
Oregon .
California
Idaho
Utah
Nevada
Arizona
Total Pacific States

Time deposits

173,463

314,460

14,615

20, 755

23,984

4,389,082

1,029,874

53,468

3,054,413

30,092

4,167,847

9,433,675

239,978

580,416

19,956

34,228

122,001

10,430,254

1,277,699

112,710

4,466,601

67,648

5,924,058

o

SEPTEMBER 28, 1925
CENTRAL RESERVE CITIES

New York
Chicago

_
,_

__

Total central reserve cities_-

1,963,549
489,309

5,481
6,710

7,478
26,303

767

719
45

46, 518
1,180

2,024,512
523,547

23,991
5,381

299
12,640

283,963
47,017

10,323
1,528

318,576
66, 566

2, 452,858

.-

12,191

33,781

767

764

47,698

2,548,059

29,372

12,939

330,980

11,851

385,142

50
10,428
487
464
4,675
4,751
4,809
1,290
794
808
4,409
202
476
174
307
1,535
106
789
1,198
1,009

205

276
1
30
1
504
182
12
203
1
4
1

2,031
9,000
551

99,774
12,838
3,744
22,893
78,905
58, 585
24,024
30,989
20,144
22,128
20,412
13,425

3,610
33
1,421
91
2,022
1,154
59
777
61
71
289
110
65
141
47
115
28
53
114
7

122,405
14, 594
5,838
27,853
85, 495
70,436
28,237
34,466
20,821
22, 265
33, 052
13,540
2,867
16,774
6,402
9,666
11,424
26,868
9,419
4,761
1 775
22, 658
5,397
14,137
25,935
45, 275
16, 890
5,819
5,641
44,946
9,905
37, 735
12,876
32,857
48,964
28,000
6,375
4,852
5,133

OTHER RESERVE CITIES

Boston
Albany.Brooklyn and Bronx __
Buffalo
Philadelphia
Pittsburgh
..
..
Baltimore
Washington
Richmond
Atlanta
Jacksonville
New Orleans
Dallas-El Paso
Fort Worth
Galveston
Houston
San Antonio
Waco
!Little Rock
L/Ouisville
Memphis - Nashville
Cincinnati
Cleveland..
ColumbusToledo
Indianapolis
Chicago
Peoria__
.
Detroit
Grand Rapids
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
Des Moines
Dubuque_




„,

_. „
_-

_ _

_ _

394,373
24,290
39,488
33,768
396,858
230,181
73,455
67,805
41,708
47,599
34,782
18,612
20,024
66,443
11,609
31,649
5,535
55,371
24,302
7,379
2,344
42,761
7,127
19,512
57,751
23,958
35,708
3,812
37,315
23, 524
11,013
110, 794
14, 285
63,748
83,188
50,816
5, 500
15,173
2,680

2,337
6
118
31
3,791
4,653
799
586
299
1,255
15
278
6
377
233
253 :
236
1,329
498
76
38

320
608
14
924
122
878
84
609

539
160
8,403
588
462
687

85
294
453

4,948
1,046

4
4

1
1

383
261

1,925
6,317
13, 337
9,699

2
19
70

522

75
600
35
1
30
63
10

12
47
5

1,103
' 6

3

3,130
2,646
525
2,300
300
4,418
5,487
5,346
1,190

2
5
2
3

602
3,300
900
370
60

31
50
62
27
24
11
2
233

43
22
379
129
10

1

1

2*

399,272
43,725
40,674
34,264
409,378
244,113
79,975
70,254
42,852
49,666
39,282
19,592
20,510
67,013
12,049
33,438
5,907
57,553
26,008
8,465
2,765
43, 344
7,766
21,500
65,002
38, 522
46,363
4,418
41, 057
26, 783
11,770
121, 559
15,200
68, 569
89,277
56, 861
5,818
16, 659 J
3,135

19,021
1,723
673
4,029
4,568
10,572
3,814
2,200
616
66
8,367
5
1,371
640
515
1,006
532
3,190
1,319

820

125
340
500
3,984
1,431
1,176
617

3,902

142
586

7,462
1,937
3,511
4,726
4,565
3,678
102

3,275
1,283
4,089
9,422
4, 044
8,940
9, 553
7,153
1,340
1,13l
1,458

300

10,434
5,022
2,400
413
65

1, 381
55

14, 817
5,223
8,545
10,864
23,625
4,084
4,612
1,178
15, 074
3,398
10, 589
20, 634
30,236
7,879
3,285
2,254
42,721
5,722
27,788
8,803
23, 483
37, 479
19, 508
5,019
3,135
3,656

11

122
62
37
275
40
311
32
112

529
29
525
29
434
551

1,339
16
531
19

[

to
QO

o

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued

CO

o

SEPTEMBER 28, 1925—Continued
[In thousands of dollars]
Demand deposits
Cities, States, and Territories

State
CertifiDeposit
or
subject
Individual cates of
other to notice
deposits
deposit
subject to due in munici- of less
check
pal
less than
than
30 day deposits 30 days

Time deposits

Dividends
unpaid

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

•-d

o
Other
time
deposits

Postal
savings
deposits

Total

§

OTHER RESERVE CITIES—continued

Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha
Kansas City, Kans._
Topeka
Wichita
Helena
Denver
Pueblo
Muskogee..-Oklahoma City
Tulsa
Seattle
Spokane. _
Portland...Los Angeles
Oakland
San Francisco..—-...
Ogden.
Salt Lake City

197

9,150
57,736
7,198
133,177
10,272
46,966
3,257
10,798
12,607
3,033
59,286
7,211
5,311
25,843
51,912
53,161
11,687
49, 371
126,149
14, 538
130, 725
3,379
14,828

1,050
439
7
633
1,165
12
2,044
506
469

2,063
3,713
9,818
2,610
6,879
137

Total other reserve cities.

3,083, 735

49,931

164, 201

6,514

1,874

Total all reserve cities

5, 536, 593

62,122

197, 982

7,281

2,638




553
5,485
397
1,366
465
1,661
250
290
531
100
1,223
142

2,428
1,759
1,162
13, 667
199
3,321
623
978
1,338
404
2,083
1,029
1,641
2,506
3,043
2,582
3,955
2,732
8,195
558
10,060
692
1,829

"loo

2,989
53, 244
610
4,223

24, 061

3,330,316

209, 408

47,843

1,107,172

25, 633 1, 390, 056

71, 759

5, 878, 375

238,780

60, 782

1, 438,152

37; 484

9,906

3,370
1,231
3,401
900
1,068
1,807
190
6,879
214
731
8,263
4,077

219
1
31

85
10
148

57
100
40
159
2,085
31

12

8,201
5,475
6,166
59, 810
3,928
11, 256
1,414
1,542
5,538
1,656
52,765
3,756
4,247
12,890
14, 477
34, 677
16,201
49,185
77, 777
3,715
65, 448
1, 315
6,284

7,595
138, 217
11,969
52,069
4,555
12,156
14,949
3,329
67,455
7,567
6,099
34,905
57,066
60, 516
13,797
53, 960
139, 219
17,191
140, 322
4,025
16,282

419

1,700
~~~290

1,158
5
929
443
200
81

5,422
2,966
4,977
44,037
3,712
7,419
572
344
4,085
1,166
48,579
•2,527
1,664
11,190
12,153
45,183

8,312
"l,~660"

351
750
27
406
17
226
219
220
115
86
945
195
13
1,135
44
3,075
93
1,270
377
168
484
13
132

1,775,198

o

d
a

COUNTRY BANKS

Maine
New Hampshire
Vermont
Massachusetts.,
Rhode Island
Connecticut
Total New England States
New York
New Jersey . _
Pennsylvania
Delaware
Maryland
Total Eastern States

_

Virginia
West Virginia
.
North Carolina
South Carolina
-Georgia
Florida
Alabama
Mississippi
_ _ _
_
Louisiana
Texas
Arkansas __»__
Kentucky
Tennessee
Total Southern States..
Ohio
Indiana
Illinois
Michigan
Wisconsin _ _
___ _
Minnesota.
Iowa
,
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana

-




36,968
36, 463
17, 643
226,115
37,300
127,166

.__

_

752
1,601
355
3,635
3,710
4,123

30
1
37

481, 655

14,176

331,992
329, 690
428, 787
10, 233
23, 780

6,981
6,455
11, 676
132

2,699

1,124, 482

25, 244

53, 287

82, 577
68,889
62,234
33, 783
36, 086
114,239
60, 248
33, 335
35,922
263, 921
38,685
64,704
52, 467

4,784
1,635
473
464
1,812
1,094
1 032
378
1,182
7,899
2,348
869
874

1,535
2,804
5,246
1,724
401
10,254
790
3,902
2,183
21,965
2,463
628
200

947, 090

24,844

54,095

188, 706
112,339
' 204,476
67,139
77,056
73, 285
85, 699
39, 656

10,430
6,387
11,460
5,314
3,729
8,830
10,146
3,133

31,479
8,493
7,845
8,467
6,088
7,288
2,039
1,424

848,356

59,429

32,136
26, 717
31,496
80,746
28, 765

4,647
4,244
5,956
9,641
2,509

4
35

76,295
14,318
28, 218
181, 060
13, 803
66,165

100
289
73
954
154
1,042

77,668
15, 767
28, 954
189, 557
15, 585
73, 047

18,068

39

379, 859

2,612

400, 578

41,628
9,391
117, 297
156
2,901

3,439
50
4,924
449

454, 561
341, 880
637, 899
7,069
58, 794

912
1, 601
4,235
80
21

500, 540
352, 922
764, 355
7,305
62,165

8,862

1, 500, 203

6,849

1,687, 287

32, 003
21,141
24, 263
10, 303
10,466
14,435
6 517
10, 574
3,056
20,996
10,257
27,243
25, 769

1,628
74
807
551
949
3,814
141
3,035
593
5,306
55
46
357

81, 795
46, 267
28, 961
43, 605
15, 327
33,641
26 845
15,430
14,165
25,000
13,559
24,142
26,970

108
240
59
1,218
88
755
102
43
45
694
144
367
29

115, 534
67, 722
54, 090
55, 677
26, 830
52, 645
33 605
29, 082
17, 859
51, 996
24,015
51, 798
53,125

1,031, 799

217, 023

17, 356

231, 579
128, 290
225,191
81, 662
87, 233
89, 802
98, 537
44, 222

56, 846
46, 492
74, 758
26,989
47,820
84,973
73, 812
13,387

4,587

986, 516

425, 077

89
107
96
297
238

39,540
33,880
39,891
96, 573
36,456

33,197
24,144
30,981
30, 602
12, 500

54

8
10
12
69
2
10

599

37, 802
38,142
18 175
230, 482
41, 012
131, 898

68

62

111

1,439

497, 511

34, 525
657
15,406

40
1,525
8,939
38

148
84
193
1
5

1,813
780
9,925
2
34

375, 499
339,191
474, 926
10, 236
26, 688

10, 542

431

12, 554

1,226, 540

171, 373

61
20
9
7
5
9
37
2
13
36
5
10
11

112
102
34
61
80
1,186
80
17
159
684
1,421
137
3

89,069
73, 650
67,996
36,062
38, 384
126, 782
62 187
38, 623
39,459
294, 762
44,922
66, 348
53, 555

1,469

225

4,076

352

230
3
132
1

53
39
35
15
20
3
24
3

559
1,032
1,264
727
110
393
497
5

73,123

829

192

2,665
2,807
2,136
5,669
4,933

1
2
206
218
11

2
3
1
2

8

200
23

989
257

111

44
59
165
572

1,273
1,160
659
7,508
1,628
5,840

395, 707

3,892

633, 978

* 111, 753
56, 694
120, 904
110, 687
77, 757
56,417
38,088
8,540

661
404
1,844
675
401
571
515
195

173,
106,
198,
138,
126,
143,
112,
22,

12,887

580,840

5, 266

1,024, 070

1,207
165
88
219
170

9,832
7,257
4,485
8,491
11,227

420
628
42
395
2,442

44,656
32,194
35, 596
89, 707
26,339

4,560
3,405
1,465
317
832
1,870
282
156..

820
995
971
668
810
831
697
278

TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued
SEPTEMBER 28, 1925—Continued
fin thousands of dollars]
Time deposits

Demand deposits

Cities, States, and Territories

CertifiState
Individual cates of
or
deposits
deposit
other
subject to
due in
municicheck
less than
pal
30 days deposits

Deposit
subject
to notice
of less
than
30 days

Dividends
unpaid

Other
demand
deposits

Total

Certificates of
deposit
due on
or after
30 days

State
and
other
municipal
deposits

Other
time
deposits

Postal
savings
deposits

Total

#

COUNTRY BANKS—continued

Wyoming
Colorado _
New Mexico
Oklahoma

16,855
42,024
11,525
109,203

51,070

473

1,595
3,594
3,899
1,751
198
323
177

12,555
6,245
20,041
4,450
270
755
1,376

19
18
100
383

272,964

Total Pacific States __
Alaska (nonmember banks)
The Territory of Hawaii (nonmember banks)

35

37,920

49,434
37,137
142, 778
21,617
2,833
6,767
12,398

Washington...
Oregon.
California
Idaho
Utah
Nevada
Arizona.

4,034
5,016
3,164
20,646

379,467

Total Western States. _

1,249
3,893
903
4,878

11,537

45,692

520

2,001
2,071

11
188

27
491
518

1

7

121
105
12
366

22,259
51,041
15,604
135,135

4,981
12,888
2,700
24,426

82
471
165
3,743

18

1,431

470,379

176,419

1
17
15

214
66
504
6
38
13
45

63,818
47,077
167,337
28,207
3,340
7,859
13,996

8,248
7,946
10, 502
5,383
982
444
1,361

886

331, 634

34,866

1

2,040
2,750

79
154

3

1
1
35

6,547
16,922
1,749
11,817

1,084
643
269
654

12,694
30,924
4,883
40,640

6,310

78,327

6,577

267,633

1,017
199
5,825
127
69
6
919

35,949
14,387
83,497
8,006
3,032
5,372
5,084

2,247
557
919
1,438
41
188
293

47,461
23,089
100,743
14,954
4,124
6,010
7,657

8,162

155, 327

5,683

204,038

840
340

177
2

1,096
496

1,180

179

1,592

4,072

199

4,760

233

Total country banks

4, 058,086

173,349

277,853

13,895

1,012

24, 974

4, 549,169

1,043, 059

53, 616

3,091, 443

31, 058 4,219,178

Total United States

9,594,679

235,471

475,835

21,176

3,650

96,733

10,427, 544

1, 281,839

114,398

4,529, 595

68, 542 5, 994,374

Total (nonmember banks)




__ __

8

o

3

n

REPORT OF THE COMPTROLLER OF THE CURRENCY

293

TABLE NO. 52.—Cash in vaults of national banks at date of each report during year
ended September 28, 1925
DECEMBER 31, 1924
[In thousands of dollars]
Paper curSilver and
Gold
Gold coin certificates minor coin rency (other Total cash
than gold
certificates)

Banks in—

CENTRAL RESERVE CITIES

New York
Chicago

755
1,725

Total central reserve cities___
OTHER RESERVE CITIES
Boston. - .
.
. _

„._

7,505
4,058

1,962
1,373

25,369
10,478

35, 593
17,634

2,480

,

11,565

3,335

35,847

53, 227

137
26
26
20
215
169
65
86
18
47
17
11
10
27
50
28
53
35
128
7
3
17
4
10
36
18
51
3
423
96
67
10
55
101
27
19
2
49
43
21
44
55
30
17
47
12
14
43

93
287
372
13
360
767
10
1,668
6
36
45
14
8

548
86
174
63
1,144
618
201
240
89
128
96
55
41
141
106
136
34
166
184
94
16
73
26
82
136
181
151
13
254
157
70
168
88
264
305
201
15
114
41
78
144
83
228
79
179
27
53
49
11
294
43
42
147
146
443
100
254
579
67
356
57

8,311
1, 209
1,755
922
12,329
6,729
2,471
3,353
889
1,269
901
723
639
1,247
375
1,168
588
1,905
1,927
489
98
882
389
378
2,483
927
2,505
264
4,320
2,052
832
1,263
898
2,436
2,098
1,698
201
1,112
312
776
1,387
715
2,486
499
1,595
251
342
602
103
3,099
616
361
787
1,109
2,195
468
1,223
4,118
472
2,806
226
284

2

71

7, 533
810
1,183
826
10, 610
5,175
2,195
1,359
776
1,058
743
643
580
1,079
218
1,002
473
1,679
1,538
371
75
756
344
271
2,225
718
2,190
248
3,073
1,446
640
580
568
1,751
1,640
1,452
146
683
143
484
1,110
521
2,176
402
1,333
196
272
505
85
1,460
326
266
680
802
1,650
356
905
2,916
343
2,278
137
185

Total other reserve cities

4,660

7,990

10,129

78,088

100, 867

Total all reserve cities

7,140

19,555

13,464

113,935

154,094

Albany
Brooklyn and Bronx
Buffalo
Philadelphia
_-.
Pittsburgh
Baltimore - - Washington. _
Richmond
Atlanta
Jacksonville
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
Houston
San Antonio. _ _
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati—
_
Cleveland
Columbus
Toledo
Indianapolis
Chicago
Peoria
Detroit
-Grand Rapids
Milwaukee.
M inneapolis
St. Paul
Cedar Rapids
Des Moines
Dubuque
Si out City

Kansas City, Mo
St Joseph
St. Louis
_Lincoln
Omaha
Kansas City, Kans
Topeka
Wichita
Helena
Denver _ _,. „
Pueblo
Muskogee
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
Salt Lake City_

.

_

_
_

_-

- -._

-

-. - -

.-

.

-

-,_
_
,..»-.
,

.-

-

----

-

_ _ _

5
1,078
157
6
40
14
86
10
60
537
52
65
32
26

i Includes items reported as clearing-house certificates.



1
2
28
25
77
17
4
36
15
15
86
110
113
570
353
55
505
187
320
126
26
38
266
85
193
89
56
52
1
36
16
3
5
2
267
90
47
20
147
16
2
4
86
10
107

294

REPORT OF THE COMPTROI^LER OF THE CURRENCY

TABLE NO. 52.—Cash in vaults of national banks at date of each report during year
ended September 28, 1925—Continued
DECEMBER 31, 1924—Continued
[In thousands of dollars]
Paper cur-

Gold
Silver and
Gold coin certificates minor coin rency (other Total cash
than gold

Banks in—

certificates)

COUNTRY BANKS

Maine
New Hampshire
Vermont
.
M assachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
Total Eastern States

131
439

2,051
1,977
1,154
12,903
2,016
7,212

1,490

1,976

22,937

27,313

3,792
3,128
2,464
27

1,519
1,243
2,939
66

17,761
17,282
33,949
581
1,880

63

402
73
206

388
34
897

910
582
667

99
50

180*
185
107
*934

1,728
1,635
947
11,179
1,778
- 5,670

80

58
50

95

___

_

Virginia. . .
West Virginia
North Carolina
South Carolina
Georgia
Florida
_.
Alabama
Mississippi
Louisiana >
Texas
Arkansas
Kentucky
Tennessee
^
Total Southern States
Ohio
__Indiana
Illinois
Michigan _ _ _ _
Wisconsin
Minnesota _
,.
Iowa
Missouri
Total Middle Western States
North Dakota
South Dakota . .
Nebraska
.
Kansas
Montana.
Wyoming
Colorado
New Mexico
Oklahoma

217

175

3,126

_

11,868
12,244
26,790
462
1,393

9,628

5,942

52, 757

71,453

295
167
121
45
111
92
260
37
47
410
87
221
215

343
203
137
73
34
153
162
71
16
173
106
271
338

621
307
442
331
313
275
407
187
170
1,693
300
336
331

5,052
3,713
3,674
2,376
2,204
3,297
3,227
1,357
1, 713
9,900
1,937
2,683
3,241

6,311
4,390
4,374
2,825
2,662
3,817
4,056
1,652
1,946
12,176
2,430
3,511
4,125

2,108

2,080

5,713

44,374

54,275

451
485
663
335
322
427
438
200

795
1,305
1,639
1,017
1,031
331
925
140

1,230
876
1,202
513
590
845
846
342

10,762
6,627
8,830
3,942
3,730
4,247
3,314
1,451

13,238
9,293
12,334
5,807
5,673
5,850
5,523
2,133

3,321

7,183

6,444

42,903

59,851

83
68
159

246
148
125

387
344
367

272

336

2,257
2,036
1 911
3,970
2,802
1,998
3 010

1,756
26

127
85
256

!305
194
423

706

34
167

1,541
1,476
1,260
2,656
2,233
1,635
2,050

34
266

140
914

4,603

5,950

1,285

1,623

3,780

18,236

24,924

341
393
445
75
37
47
64

32
51
78
36
2
7
17

539
414
1,198
299
34
75
231

2,330
1,733
5,358
1,038
122
439
922

3,242
2,591
7,079
1 448
195
568
1,234

>

1,402

223

2,790

11,942

16,357

Alaska (nonmember banks)
The Territory of Hawaii (nonmember
banks)
„_.

68

5

11

vn

255

53

983

1,044

1,154
194,303
308,238

1,299
255,472
409,566

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

Total (nonmember banks)
Total country banks
Total United States

137
.84
281

8
76

5

64

12,228
19,368

22,232
41, 787

26,709
40,173

i Includes items reported as clearing-house certificates.



782

990

BEPORT OF THE COMPTROLLER OF THE CURRENCY

295

TABLE N O . 52.—^Cash in vaults of national banks at date of each report during year
ended September 28, 1925—Continued
APRIL 6, 1925
[In thousands of dollars]
Paper cur-

Gold
Silver and
Gold coin certificates minor coin rency (other Total caste
than gold

Banks in—

certificates)

CENTRAL RESERVE CITIES

New York
Chicago
Total central reserve cities

535
615
1,150

6,868
2,680
9,548

11, 576

90
18
24
15
146
142
55
68
16
30
23
19
6
30

85
354
225
49
334
242
5
1,737
13
35
26
8
22
2
3
1
22

465
83
116
63
808
524
162
199
62
103
88
59
69
114
86
119
49
141
157
115
21
81
35
72
150
66
114
20
214
174
65
93
73
222
236
173
18
101
36
64
142
69
186
78
14JT
15
3d
82
9
241
32
35
133
115
376
110
248
493
69
383
62
50

2,844

21,910
9,516
31,426

30,88§
14,07t
44,968

6,053
965
1,116
739
7,241
6,024
1 928
1,481
731
913
666
530
520
1 385

6,693
1 42$
1,481
861

OTHER RESERVE CITIES

Boston
Albany
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
_
Richmond
Atlanta
_
..
Jacksonville
_
_
Birmingham
New Orleans..
_
Dallas
El Paso
Fort Worth
Galveston
_
Houston
San Antonio.>_
__ . .
Waco . ...
Little Rock _
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo
Indianapolis
Chicago
_ ._
Peoria
Detroit
Grand Rapids
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
Des Moines
. __
Dubuque
Sioux City
Kansas City, Mo
St. Joseph
St. Louis
„

Lincoln
Omaha.
_
Kansas City, Kans__ _ .
Topeka.
Wichita
Helena
_ ..
Denver.
Pueblo
Muskogee
_. ._
Oklahoma City
Tulsa
Seattle..
.
.
Spokane.
Portland
Los Angeles
_
Oakland
_
San Francisco

_
...

_
_

51

__

_.
.

29
58
40
156
13
4
21
6
12
69
26
78
6
463
98
77
14
45
58
33
22

31

58
9
9
61
23
4
145
218
93

137
333
36
675
128
259
22
22

5
68

40
212

16

67
161

' 25
35
71
15

47
23

73
45
32
1
53
14
7
21
2
277
91
39
18
125

73

22

17

49
16
15
48
5

__

1,118
120
5

8
125
604
12
54
39
31

4
14
75
17
38

265

847
361
1 663
1,463
315
64
680
290
469
1,577
723
1,938
173
2,044
1,148
597
616
608
1,719
1,614
1 288
254
658
139
493

1,137
371
1,689
289

6*932
2 15®
3| 485
822
1 08i
803
616

m

1'405
531
996
490
l|834
452
98
833
354
557
1,911
1 033
2,223
19f
2,858
1,753
77S
1,398

864
2,258
1 90S
1 50S
317
1,03?
258
743

1,387
556
1,922
385

1,186
106
319
375

1,431
151
37?
526

74
1,472
327
213

3,108
57®

551
700
1,750
330
1,160
2,586
408
2,263

749
963
2,221
452
1,547
3,758
506
2,738

104
244

205
326

90

292

Ogden.
_
Salt Lake City
Total other reserve cities

4,695

6,865

8,697

69,952

90,209

Total all reserve cities. _.

5,845

16,413

11,541

101,378

135,177

i Includes items reported as clearing-house certificates.


67746°—26t- -20


1

296

KBPORT OF THE COMPTROLLER OF THE CTURRESFCY

TABLE. N O . 52.—Cash in vaults of national banks at date of each report during pear
ended September 28y 19%5—Continued
A P R I L 6, 1925—Continued
[In thousands of dollars]

Paper curSilver and
Gold
(other
Gold coin certificates minor coin rency gold Total cash
than
certificates)

Banks in—

COrETOSfTRY B A N K S

Main®Vermont
Massachusetts
Rhode Island . . . .
Connecticut
Total New England States
New York
,
New Jersey ^_. _

-

- •

Indiana
.,.-»
Illinois
Miehigan
Wisconsin
;.»
Minnesota
Iowa
_.
Missouri
....
Total Middle Western States

»
---

11^072
10*612
24,841
311
1,162

5, 074

47,998

352
159
137
77
35
164
158
42
28
183
80
197
229
% 841

534
292
379
262285
250"
373
153
1681,764
264
333
294
5, 351

4,343
3,488
2-,887
1,848
1,855
3,290
2, 514
1,107
1,379
8; 378
1,488
2; 482
2,373
37,430

10; 787
1,923
3r24S
3,07:9
4f6,976

652
1,117
1,538.
726
933
331
1,063
171
6,531

1,053
756
1,146
447
504
754
811
265
b; 736-

8, 922
5,892
7*478
2,, 981
2,883
3,882
3,825
1,273 ;
37,136

11,170
8,305
10,935
4,538
4 704
5,421
6,174
1,921
53,168

187
147
124

23
305

385
325338
6422592-16
374
124
848-

2 139
1,940
1,891
3,65d
2 537
1, 561
2 788

1,610

3,511

1 486
1,394
1,260
2,380
2 ©23
1,165
1 843
784
3,447 i
15,782

431
378
1,135
265
27
78
193

1,861
1V488
4^336
803
102
357
654

2,640
2. 298

74.
169
27/7
139
89
309
39
179

„

Total Western States^

1,356

Washington
Oregon. _.
. . __.._
California
1
..„
. .
Idaho
Utah---- . . . .
.
Nevada
__„
._
Arizona
_
„
Total Pacific States.

460
81
30
44
82

ass
116
91

.

27
43
67 ;
27
2
2
21

M 004
31,571
4101,64©
64,902
5,583
4,134
3,561
2,240
3,808
3,324
1,355

4,779
22,259

1,179
161
481
950

1', 4Q7

189

% 507

9,604

13,707

80

Alaska (nonmember banks)
The Territory of Hawaii (nonmember
banks)
.._

3

17

186

285

80

297

380

3

Total (nonmember banks)
Total United States

21*332

543
S4G
773
384
384
454
475
2$2
3>765

.
_.

1,525

$54
195
158
53
125
104
27/9
53
39

_

Total comtfiTr terafcs

!
1,655
5,413

2,072
1,942
933
11 486
1,870
6, 513
24,. 8M

1,259
1,047
2,568
49
151

130
3y5H

_

_

1

93
236
183
2,354

.

.
__«..-~-

Oiiio

.

1,783
1,613
744"

3,184
2,707
2,186
26
216
8,319

7/53;
638
1,926

Virginia
_
_
West Virginia
_
North Carolina
South Carolina. . . .
___ _ _.Georgia
- Florida
.
...
_
Alabama
Mississippi m . . .
Louisiana
,
Texas
.»
.__
Arkansas
Kentucky
Tennessee
_
_
~
Total Southern States,

Colorado
.
N e w Mexico
Oklahoma

148
166
91
1667
110
343

81

_
_
_ -_

PennsylvaniaDelaware _ . „
.
Maryland
Total Eastern States..

North Dakota..
South Dakota
Nebraska
Kansas
Montana
Wyoming

58
57
37
243
39
540
974

106
ftl
392
66
217
925

83
:

3

97

483

666

13,401

19, 467

23,801

169, 825

226,494

19, 246

35,880

35,342

271, 203

361,671

1
Includes
items reported as clearing-house certificates.


BEPOET OF THE COMPTKOLLEE OF THE CURRENCY

297

TABLE N O . 52.—Cash in vaults of national banks at date of each report during year
ended September 28, 1925—Continued
JUNE 30, 1925
[In thousands of dollars]
Gold StandGold certifi- ard
coin cates silver
dollars

Banks in-~

Federal
Subsidiary Silver Legal Na- reserve
and
silver certifi- tender tional Federal Total
and
cash
bank
minor cates notes notes reserve
bank
coin
notes

CENTRAL RESERVE CITIES

New York
Chicago,-.
Total central reserve caties.

8
77
85

11,536
1,296
2,832

2,075
742

2,635
1,395

1,923
697

2,817

4,030

2, £20

521
95
191
76
SOO
512
179
229
105

468
126
142
86
1,219
312
346
347
94
111
79
24
29
182
9
70
38
156
178
37
13
54
44
62
207
42
138
11
252
99
105
96
63
180
110
151
15
76
24
39
158
42
194
22
75
10
31
19

1,158
93
108

486
322
144
92
566
1,026
303

635
541
128
785
355
795
83
50
40
157
53
229
169
76
85
11
88
28
58
82
9
386
109
42
51
212
39
2
19
209
16
101
2
2
9,671

8
1
2
1
94
42
8
8
3
15
10
5
6
20
25
18
22
23
76
24
1
21
3
9
13
5
24
1
50
5
10
5
6
45
185
81
11
45
12
32
29
35
12
21
57
5
28
61
6
105
16
16
38
54
164
42
51
193
32
126
24
23
2,113

2

3
134
19
32
26
138
29
10
13
187
17
48
1
2

5, 210 21,438

2,198

424
232

7,357
4,410

656 11,767

12,157
3,464
15,621

28,115
12,313
40,428

OTHEB BESEBVE CITIES

Boston
„
Albany
Brooklyn and Bronx .
Buffalo
Philadelphia
Pittsburgh- v _
Baltimore
.
Washington
RichmondAtlanta „ . .
Jacksonville
Birniingh&m
New Orleans
Dallas
_
El Paso
Fort Worth
Galveston
_San Antonio. .
Waco
Little Rock __ __
Louisville..
Memphis
Nashville

80
14
16
10
168
148
57
17
31
23
16
3
36
36
33
66
44
113
15

.. _

Cleveland..
Columbus.*.-..
. Toledo
Indianapolis..
Chicago
_
Peoria. . _
Detroit
.
Grand Rapids
Milwaukee-.
Minneapolis
St. PauL
_
Cedar Rapids .
Des Moines
Dubuque
Sioux City
Sansas City, Mo.. _
St. Joseph
St. Louis
Lincoln
Omaha
Kansas City, Kans
Topeka
Wichita. - Helena . . .
Denver
Pueblo
jMuskogee..
Oklahoma City
Tulsa
Seattle . _
Spokane _
Portland
Los Angeles _
Oakland
_.
San Francisco
Ogden
Salt Lake City
Total other reserve cities- Total all reserve cities
1

7
19
5
11
49
8
49
10
380
89
80
12
54
77
24
21
5
44
17
24
42
76
15
24
59
14
48
37
6
1,005
136
7
53
29
56
8
186
658
34
39
25
25
4,554

615
251
228
67
474
237
29
1,369
12
24
67
40

4

16
2
24
21
28
97
5
9
73
36
17
118
49
112

101
99
60
44
129
69
78
44
139
121
71
9
54
43

77

159
66
95
12
Iffi
156
54
146
66
184
115
51
22
51
28
37
115
*43
187
50
121
17
54
43
3
147
19
33

77
78
222
71
144
272
78
140
37
42
7,247
10,079

Includes items reported as clearing-house certificates.



48
13
35
47
152
38
8
17
166
5
49
5
5
6,975
9,792

543
463
111
298
64
62
115
85
10
69
4
18
27
32
29
78
22
65
52
35
210

87

221
20
149
108
55
78
22
106
58
85
10
63
27
22
73
21
154
16
83
11

20
27

5, 982
10,012

221
395
107
241
9
548
57
356
250
603
745
154
12
117
34
157
471
161
488
57
622
251
152
148
129
395
352
191
87
186
61
148
179
130
372
67
246
51
163
65
35
512
132
63
156
97
195
181
101
562
65
382
62
57
14,826

2,711
472
674
487
4,980
2,755
1,191
747
372
265
280
201
507
510
197
327
157
569
571
81
12
263
97
90
781
370
938
45
737
375
140
157
172
431
977
739
70
185
34
124
765
193
1,000
205
764
50
136
218
34
1,147
109
78
246
361
1,403
196
857
1,606
184
1,562
27
103
35,985

17,446

51,606

6,047
1,374
1,505
825
8,844
5,495
2,224
3,178
888
1,004
780
672
612
1,510
399
924
625
1,594
1,930
465
85
666
314
458
2,008
788
2,065
156
2,991
1,624
724
1,427
867
2,213
1,904
1,369
260
807
256
655
1,530
616
2,019
416
1,493
186
538
542
98
3,484
553
306
694
1,121
2,146
518
1,388
3,853
431
2,447
183
259
87,353
127, 781

298

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 52.—Cash in vaults of national banks at date of each report during year
ended September 28, 1925—Continued
JUNE 30, 1925—Continued
[In thousands of dollars]

Banks in—

Federal
SubNa- reserve
and
Gold Stand- sidiary Silver Legal
Gold certifi- ard silver certifi- tender tional Federal Total
coin cates silver and cates notes bank reserve cash
notes bank
dollars minor
coin
notes

COUNTRY BANES

Maine
81
New Hampshire .
. _. . 107
62
Vermont
365
M assachusetts
Rhode Island
_ _ 99
200
Connecticut.
Total New England States. 914
736
New York
694
New Jersey .
2,022
Pennsylvania „
24
Delaware
117
Maryland..
.__
3,593
Total Eastern States
366
Virginia
_
196
West Virginia
172
North Carolina
__
:
65
South Carolina..
124
Georgia
.
105
Florida
277
Alabama..! _
_
54
Mississippi
60
Louisiana
480
Texas..
„
_.
89
Arkansas...
Kentucky...

234

202
Tennessee
2,424
Total Southern States
576
Ohio
560
Indiana
762
Illinois .
400
Michigan
372
Wisconsin
Minnesota
_.. _ . 461
486
Iowa
..
219
Missouri
Total Middle Western
3,836
States
North Dakota83
75
South Dakota
183
Nebraska
280
Kansas
135
Montana
98
Wyoming
310
Colorado.. .
_.
37
New Mexico
185
Oklahoma.^
1,386
Total Western States
326
Washington
_.
399
Oregon
453
California
86
Idaho
28
Utah.
45
Nevada
82
Arizona
1,419
Total Pacific States...
73
Alaska (nonmember banks)
The Territory of Hawaii (non2
member banks)
75
Total (nonmember banks).
13,647
Total country banks..
18,857
Total United States

6
11
9
30
2
11

144
163
83
i 786
137
400

167
197
99
865
140
581

135
197
74
1,139
191
474

486
359
270
1,511
265
895

69
65
43
300
3
8

1,713
1,299
1,100
12,299
53
154

2,049
1,549
1,530
2,956
44
299

2,210
1,077
1,126
2,170
51
122

3,786

419

4,905
582
285
342
281
264
256
314
162
123
1,381
193
301
305
4,789
977
627
939
380
365
452
503
190

6,378

75
31
103
36
48
27
85
40
57
540
72
58
82
1,254
155
178
236
71
136
311
332
106

4,546
351
234
240
109
196
519
288
200
89
354
223
277
256
3,336
1,036
555
911
455
266
300
312
162

10, 587
227
292
163
487
138
98
316
38
429

1,525

4,433

4,695

146
134
156
295
129
102
168
65
275

209
178
205
1407
156
102
197
73
580

57
69
73
204
46
26
58
22
316

2,188
65
91
221
35
3
22
31
468

1,470
218
138
359
101
13
45
87
961

2,107
268
241
785
147
16
40
99
1,596

871

3

9

13

1

14

4

23
5,721

171
166
116
1,424
239
1,240
3,356
4,864
3,949
3,205
41
220
12,279
420
195
159
94
66
518
195
71
35
241
178
227
185
2,584
861
1,789
2,684
1,575
1,514
583
1,375
206

31,466
52,904

7,919

i Includes
items reported as clearing-house certificates.


825
739
314
5,772
889
2,293
10,832

2,015
1,939
1,027
11,892
1,962
6,094

2,550
1,971
6,261
57
279
11,118
1,665
1,113
1,123
806
678
717
1,059
231
325
4,188
487
1,138
1,142
14, 672

4,968
5,303
11,193
191
461
22,116

17,108
15,716
30,406
464
1,660
65,354

1,460
1,205
1,102
655
571
2,197
695
400
622
2,721
407
689
842
13, 666

3,049
1,981
2,604
1,006
1,005
1,299
1,359
542

4,200
1,731
2,479
1,453
1,131
1,848
1, 111
478

5,527
3,606
3,608
2,270
2,180
4,716
3,222
1,305
1,469
10, 735
1,852
3,227
3,386
47,103
12, 017
8,208
11,731
5,768
5,166
5,541
5,846
2,072

3,997
61
89
64
260
45
42
142
29
253

12,845

4,853
502
492
1,283
227
44
101
208
2,857
12

56,349
1,712
1,793
1,909
3,809
2, 716
1,387
3,049
944
4,573
21,892

400
1

985
38
33
260
27
1
11
15
385
2

14, 431
502
614
486
986
1,828
623
1,252
422
1,319
8,032
1,828
959
2,947
541
53
248
628
7,204

3,296
2,386
6,570
1,186
161
518
1,173
15,290

167

280

2

28

20
32

608
347
367
224
233
377
309
147
158
830
203
303
372
4,478
1,163
787
1,116
428
377
287
368
169

51
33
262
22
3
6
23

30
3
43
19, 586 18, 874
29,665, 28,666

30
15, 489
25,501

427
342
579
890
239
296
606
258
1,216

50,163
67,609

530

24,929

627
697
907
76,878 231,824
128,484 359, 605

REPORT OF THE COMPTROLLER OP THE CURRENCY

299

TABLE N O . 52.—Cash in vaults of national banks at date of each report during year
ended September £8, 1925—Continued
S E P T E M B E K 28, 1925
[In thousands of dollars]

United
Silver
Gold coin minor and States and
coin
bank
currency

Banks in—•

Total
cash

CENTRAL RESERVE CITIES

703
213

1,574
1,137

25,582
9,229

27,859
10,579

916

2,711

34,811

38,438

77
19
21
11
180
157
57
64
8

403

75
176
58
763
527
144
198
108

4, 663
1,066
1,013
897
7,271
5,309
1, 665
2,997
721

114
88
41

5
29

59
155

908
779
615

5,143
1,160
1,210
966
8,214
5,993
1,866
3,249
837
1,053

--

465
1,434

529
1,618

64

- _
_

New York
Chicago

37

64
117
46
266

262
801
532

380
955
648

-

Total central reserve cities
OTHER RESERVE CITIES

Boston
Albanv

- _

Brooklyn and Bronx
Buffalo
PhiladelDhia

Pittsburgh
Baltimore
Washington
Richmond
Atlanta _
Jacksonville
Birmingham _
New Orleans
Dallas
El Paso
Fort Worth
Gal veston
Houston
San Antonio
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo
Indianapolis
Chicago

.-

_«

-

__

--

- -

--

-

-

,8

--

-

- -

--

-- -

-

Peoria
_ __
Detroit
Grand Rapids _
Milwaukee
[Minneapolis
St Paul
--

Cedar Rapids
Df"3 IVfoines

Dubuque

Sioux Citv

-

-

70
38

113
12

-

-

31
25
18

-

-- -

-

--

Kansas City, Mo

-

---

---

- -- -

77
39
78
168
70

72
10
390
81
29
7
38
80
32
19
11
51
22
23

149
31
213
153
61
144
84
253
302
162
17
69
41
84

€6

-'-

-

-

-

Pueblo
Oklahoma City
Tulsa

--

Seattle

Portland

Los Ancreles

--

;

- --

San Francisco

Ogden

Salt Lake City

--

-

- --

94

741
386
569
2,086
924
2,029

179

220

2,455
1,481

3,058
1,715

1,232

1,383

1,734
1,616
1,196

2,067
1,950
1,377

550
790

287
687
184
718

640

912

315
807
247
825

1,586

111
178

331

469

23
99

39

104
14
285
41

56
10
274
695
6
39
13
25

383
127
241
452
71
407
33
81

8
49
34

73

645
342
476
1,847
837
1,808

1,906
2,153
541

1,414
503
1,544

12
49

7
1,039

1,602
1,806
401

135
66
182

150

Kansas City, Kans

Tonpkft
Wichita

13

19
6
15
71
17

37
71
18
27

St Louis

234
128

892
674

49
147
111

640

1,744

1,255
117
528

1,499

441
72

152
676
584
93

2,428

3,752

308
653
1,035
1,739

1,180
2,178

1,345
2,833

1,860
3,980

2,252

2,698

417

346

406

104
195

608
365
849

483
483

150
301

Total other reserve cities

4,740

9,312

74,610

88,662

Total all reserve cities

5,656

12, 023

109, 421

127,100




300

EEP0RT OF THE COMPTROLLER OF THE

TABLE N O . 52.-—Cash in vaults of national bunks at date of each report dwing year
ended September 28, 1925—Continued
SEPTEMBER 28, 192S—CoEtmued
[In thousands of dollars]
United

Silver and
Gold coin minor coin States and
bank

Banks in—

currency

Total
cash

COUNTET BANKS

Maine__
New Hampshire
Vermont . ___
Massachusetts
Rhode Island
Connecticut--

._.
„

„.

-

86

111
63

-

„

369
90
221

Total New England States
New York
New Jersey
Pennsylvania Delaware
„
Maryland

Georgia-. «
Florida
Alabama

»

-

_

_

Tennessee
Total Southern Stages

Ohio.
Indiana.-

Illinois

_

_

_
,

,_

Oregon

_

California
_
Idaho
Utah
_
Nevada
Arizona
Total Pacific States

Total United States



52,131

9,954
6,486
10,076
4,813
4,201
4,132
4,413
1,744

11,625
7,773
12,089
S,737

5,956'

45,819

55,698

336
304
373
690
257
158
388
114
893

l t 207
1,460
1,328
2,902
2,171
1,188
2,315

.

1 848
1 889
3 891
2,567
1,444
3 012

4,337

5,423

3>513

17,643

22,605

445
396
1,078
216
30
59
164

2,366
1,591
5,149
963

3,156
2 381
6, 671
I 272

121
319
850

1,075

1,388

2,388

11,359

15,135

71
2

24
88

169
576

264
666

85
84
188
299

._ ... .,

.

139
98
309

„

Alaska (nonmeniber banks)
.
The Territory of Hawaii (nonmember banks)
Total (nonmember banks)
Total country banks

43,843

1,088
719
1,204
498
5Q8
733
832
374

3,923

-

_

5,798

479
457
212

_. _

Total Western States
Washington—

M63
4,184
3,617
2,720
2,419
4,445
3,834
1,766
1,792
12,737
2,372
3,296
3,426

568
809
426
389

Michigan _ _
_ _
__ .
Wisconsin
Minnesota
_
_
Iowa
Missouri
Total Middle Western States-North Dakota.South Dakota
Nebraska
Kansas
Montana
Wyoming
_
Colorado
New Mexico „Oklahoma

4,595
3,592
3,050
2,247
2,015
4,047
3,196
1,520
1,546
10,465
2,002
2,695
2,873

28
23
61

__ .

__ _
_

«.

586
308
403
402
311
292
358
191
180
1,770
285
362
350

345
394
444
93

„

V595
#4,069

502
85

„

.

54,938

1,449

_.__ _

_

5,450

2,490

.

14',48S
30,717

239
203

„

24,373

583

-_
_

21,974
14, €66
12,660
25,992
328
1,292

54
193

.

1, 759
1,408
1,145
2,666
52
179

382
204
164
71
133
106
280
55
66

. . _. «

_ -

Arkansas __
Kentucky

1,979
972
11,596
1,846
6,251

3,681

-

_

Mississippi
Louisiana
Texas

10,465
1,628
5,613

789
684
2,059
25

«-^_^
_ _, ^
_

_
.

2,029

124

.
.

Total Eastern States
.

1,774
1,689

940

_.
. _ _ _

-

Virginia..
West Virginia
North Carolina
South Carolina

169
179
104
762
128
417

735

m

5 344
5,702
2,330

903

179
401

73

~

112

745

930

13,944

_

24,976

196, 321

235, 241

19,600

36,999

305, 742

362,341

TABLE NO. 53.—Circulation of national banks at date of each report during year ended September 28, 1925
{In thousands of dollars]
Dec. 31,1924
Banks in—

June 30, 1925

Apr. 6, 192£
Received
from
On hand
Comp*
troller

Sept. 28,1925

Received
from
OutComp- On hand standing
troller

Received
from
On hand
Comptroller

Received
from
On hand
Comptroller

Outstanding

40,685
2,850

801
7

39,884
2,843

27,706
950

804
8

26,902
942

28,579
950

399
6

28,180
944

29,001
950

431
15

28,570
935

43,535

808

42,727

28,656

812

27,844

29,529

405

29,124

29,951

446

29, 505

4,949
1,850
1,050
2,300
6,857
28,265
5,511
5,173
1,577
2,700
1,902
1,650
1,520
4,508
755
2,000
1,355
3,600
4,050
'. 1,300
. 200
1
4,180
200
2,470
7,708
4,600
3,330
500
6,337
a, 198

80
168
10
41
80
726
62
76

4,869
1,682
1,040
2,259
6,777
22,539
5,449
5,097
1,577
2,662
1,877
1,624
1,504
4,476
755
1,981
1,336
3,565
3,980
1,242
196
4,145
200
2,456
7,694
4,584
3,317
488
6,315
2,189

2,300
1,750
850
2,300
6,782
12,450
5,511
4,573
1,151
2,500
1,460
1,650
1.520
4,105
755
2,000
1,355
3,500
3,000
1,700
200
3,610
200
2.630
5, 828
3,600
3,005
500
5,178
1,810

11
68
1
51
65
210
133
82
19
39
26
4
15
28
12
31
41
44
32
28

2,289
1,882
849
2,249
6,717
12,240
5,378
4,491
1,132
2,461
1,434
1,646
1,505
4.077
743
1,969
1,314
3,456
2,968
1,672
200
3,610
199
2, 623
5,817
3,539
2,994
492
5,178
1,792

3,510
1,750
850
2,300
6,835
12,450
5,710
4,523
1,151
2,500
1,460
1,650
1,520
4,005
755
2,000
1,355
3.600
2,500
1,700
200
3,610
200
2,630
5,837
3,600
3,005
£00
5,028
1,810

47
108
9
91
168
225
116
97

3,463
1,642
841
2,209
6,667
12,225
5,594
4,426
1,151
2,442
1,460
1,613
1,499
3,974
745
1,981
1,320
3,521
2,475
1,690
200
3,605
200
2,600
5,821
3,487
2,992
482
4,937
1,802

3,185
1,750
850
2,300
6,907
13,400
5,810
4,523
1,151
2,500
1,460
1, 650
1,520
4,755
755
2,000
1,355
3,600
2,500
1,700
200
3,610
200
2, 630
5,837
3,600
3,005
500
5,028
1,810

43
72
9
32
102
133
150
74
2
53
29
38
19
42

3,142
1,678
841
2,268
6,805
13,267
5,660
4,449
1,149
2,447
1,431
1.612
1,501
4,713
755
1,991
1,336
3, 550
2,471
1,687
200
3,606
200
2,610
5,810
3,532
2,972
482
4,983
1,801

Outstanding

Outstanding

CENTRAL RESERVE CITIES
New York.
Chicago

__ _

._

Total central reserve cities
OTSER RESERVE CITIES
Boston
AlbanyBrooklyn and Bronx
Buffalo..
._ _

Philadelphia

Pittsburgh.
Baltimore
Washington
Richmond
Atlanta
Jacksonville
Birmingham.
New Orleans
Ballas
El Paso
Port Worth _
Galveston
.
Houston
San Antonio
Waco
Xfittle Rock .
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo. .
Indianapolis
Chicago

_
_

__

_ __ _

__ __
.

__

r




,

„

....

38
25
26
16
32
19
19
35
70
58
4
15
14
14
16
13
12
22
9

1
7
11
61
11
8
18

58
37
21
31
10
19
35
79
25
10
5
30
16
113
13
18
91
8

9
19
50
29
13
4
20
27
68
33
18
45
9

TABLE N O . 53.—Circulation of national banks at date of each report during year ended September 28,

CO

1925—Continued

o
to

[In thousands of dollars]
Dec. 31,1924
Banks at—

Apr. 6,192*>

June 30,1925

[

Sept. 28,1925

Received
Received
Received
Received
Outfrom
Outfrom
from
OutOutfrom
Comp- On hand standing Comp- On hand standing Comp- On hand standing Comp- On hand standing
troller
troller
troller
troller

OTHER RESERVE CITIES—continued

Pebria
Detroit
Grand Rapids
Milwaukee
Minneapolis.
>.
St Paul
Cedar Rapids
. ._
Des Moines
_.
Dubuaue
Sioux City
... Kansas City, Mo
.
St. Joseph
__
St. Louis
Lincoln
Omaha
- Kansas City, Kans
Topeka
Wichita
Helena
Denver
Pueblo
Muskogee
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
_Salt Lake C i t y . . .

_. _

_ _

__
_.

_

-

.

- --

- --

Total other reserve cities
Total all reserve cities




36

.-

..

1,814
1,277
2,000
3 722
3,538
803
986
755
400
1,011
1,815
836
10,142
567
1,200
788
591

1,850
1,132
2*000
3 430
2,741
600
1,000
556
400
1,075
1,624
520
9,624
570
1,200
800
600

131
21
46
1
36

300
896
393
842
591
738
3,357
2,475
160
5,994
979
9,204
774
1,814

200
930
400
775
300
738
3,357
2,600
110
6,125
1,000
9,250
775
1,330

170,861

..

-

1,850
1,277
2,000
3 730
3,615
810
1,000
755
400
1,020
1,838
844
10,168
571
1,200
800
600

2,224

168,637

145,385

1,632

214,396

3,032 ^211,364

174,041

2,444

300
900
400
850
600
738
3,357
2,503
160
6,125
1,000
9,250
775
1,850

g
77
7
14
9
23
8
26
4
12
9
4
7
8
9
28

24
32
31
2
13
28
12
2
9
78
2
5
12
6

I
4
3
1
23
156
15
91
7
18

1,830
1,132
2,000
3,541
2,648
588
972
553
396
1,064
1,098
50
9,449
565
1,190
793
593

1,845
1,132
1,953
3,521
2,706
599
967
553
396
1,070
1,444
513
9,499
566
1,194
796
597

1,850
1,132
2,000
3,555
2,741
600
1,000
556
400
1,075
1,100
520
9,623
571
1,200
800
600

89
10
13

200
930
397
771
295
733
3,356
2,606
160
6,012
1,100
9,161
765
1,037

200
830
400
750
300
750
3,357
2,650
160
6,125
1,100
9,250
675
1,050

143,753 ' 146,027

2,089

143,938

147,011

1,835

145,176

171,597

2,494

173,062

176,962

2,281

174,681

1^826
1,100
1,969
3 430
2,739
587
972
556
400
1,063
1,622
511
9,546
568
1,195
788
594

1,850
1,132
2,000
3 555
2,741
600
1,000
556
400
1,075
1,449
520
9,624
571
1,200
800
600

200
930
399
771
300
735
3,356
2,577
110
5,969
985
9,159
768
1,312

200
930
400
775
300
738
3,357
2,650
160
6,125
1,100
9,250
775
1,050

175, 556

5
47
34
35
.1
33
3
4
5
5
7
125
5
6
4
3

3
4
5
5
1
44
113

20
14
93
12
28
3
4
11
2
14
174
6
10
7
7
11
10
1
1
19
118
11
110
7

200
819
390
750
300
749
3,356
2,631
160
6,007
1,089
9,140
668
1,050

COUNTEY BANKS

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

5,900
4,893
4,375
18,395
4,773
12,113

*_

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

_.
_

Total Southern States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

i

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana

-




132
61
51
248
62
350

5,578
4,632
4,318
16,854
4,710
9,983

5,710
4,692
4, 349
17,067
5,172
9,923

140
41
50
277
71
224

5, 570
4,651
4,299
16, 790
5,101
9,699

5,710
4,693
4,349
16,817
5,272
9,888

119
62
60
344
107
195

5,591
4,631
4,289
16, 473
5,165
9,693

50,449

622

49,827

46,979

904

46,075

46, 918

803

46,110

46,729

887

45, 842

399
288
623
22
29

34,779
20,740
65,126
1,131
3,983

33,869
21,207
63,064
1,153
4,062

485
355
800
16
52

33,384
20,852
62,264
1,137
4,010

32,941
21,096
63,102
1,153
3,960

439
494
1,011
29
49

32, 502
20,602
62,091
1,124
3,911

32,802
21, 251
63,114
1,153
3,936

602
431
955
24
36

32, 200
20,820
62,159
1,129
3,900

1,361

125, 759

123, 355

1,708

121, 647

122, 252

2,022

120,230

122, 256

2,048

120, 208

120
98
114
87
41
48
72
40
27
271
22
78
47

19,498
10,584
9,589
7,227
7,004
3,982
8,681
2,929
2,666
24,783
3,904
12,224
10, 527

18, 733
10,477
9,667
6,738
6,092
3,859
7,659
2,929
2,618
24,180
3,591
12, 325
10,503

182
138
144
144
57
72
78
37
47
306
40
136
74

18, 551
10, 339
9,523
6, 594
6,035
3,787
7,581
2,892
2,571
23,874
3,551
12,189
10,429

18, 727
10,427
9,633
6,632
5,912
3,810
7,709
2,954
2,618
24,125
3,591
12,315
10,433

134
168
143
171
77
31
122
34
41
196
34
69
46

18, 593
10, 259
9,490
6,461
5,835
3,779
7,587
2,920
2,577
23,929
3,557
12, 246
10,387

18,897
10,427
9,633
6,849
5,822
4,024
7,784
2,979
2,769
23,740
3, 591
12, 374
10, 433

182
138
101
89
62
105
126
47
33
235
27
147
99

18, 715
10,289
9,532
6,760
5,760
3,919
7,658
2, 932
2,736
23, 505
3,564
12,227
10, 334

124, 663

_.

5,710
4,693
4,369
17,102
4,772
10,333

19,618
10,682
9,703
7,314
7,045
4,030
8,753
2,969
2,693
25,054
3,926
12, 302
10, 574

Total New England States...
New York
New Jersey
Pennsylvania
Delaware
Maryland.

5,828
4,845
4,345
18,147
4,691
11, 971

127,120

—

72
48
30
248
82
142

35,178
21,028
65,749
1,153
4,012

--

1,065

123, 598

119, 371

1,455

117,916

118,886

1,266

117, 620

119,322

1,391

117, 931

29,993
21,138
27,234
10,842
11, 733
11,919
15,699
5,829

235
153
207
141
74
79
101
26

29,758
20,985
27,027
10, 701
11,659
11,840
15, 598
5,803

28, 631
20,355
26, 260
10,689
11,040
11, 618
14,801
•5,384

344
215
284
201
116
116
128
45

28,287
20,140
25, 976
10,488
10,924
11, 502
14, 673
5,339

28,431
20,359
26,199
10, 726
10,940
11,538
14,867
5,454

387
222
307
174
101
69
109
26

28,044
20,137
25,892
10, 552
10,839
11,469
14, 758
5,428

28, 554
20,323
26,262
10,855
10,990
11, 392
14,647
5,754

448
231
268
238
103
97
99
42

28,106
20,092
25,994
10,617
10,887
11,295
14, 548
5,712

134,387

1,016

133, 371

128,778

1,449

127, 329

128,514

1,395

127,119

128, 777

1,526

127, 251

4,492
3,528
6,822
9,062
2,648

24
16
37
61
16

4,468
3, 512
6,785
9,001
2,632

4,390
2,955
6,716
8,641
2,292

53
16
54
67
17

4,337
2,939
6,662
8,574
2,275

4,345
2,898
6,724
8,626
2,292

26
19
50
58
6

4, 319
2,879
6,674
8,568
2,286

4,244
2,839
6,594
8,616
2,267

52
27
48
67
17

4,192
2,812
6,546
8,549
2,250

TABLE NO. 53.—Circulation of national banks at date of each report during year ended September 28, 1925—Continued
[Iii thousands of dollars]
Dec. 31,1924
Received
from
OutComp- On hand standing
troller

Banks in—

Sept. 28,1925

June 30, 1925

Apr. 6, 1925

Received
Received
Received
Out*
from
from
from
OutGomp- On hand standing Comp- On hand standing Comp- On hand standing
trollei*
troller
troller

o
COUNTRY BANES—continued

Wyoming
Colorado..
New Mexico
Oklahoma.

1,849
4,624
i 844
7,479

21
37
16
64

1,728
4,210
1,329
6,835

1,749
4,225
1,120
6,762

11
25
7
36

1,738
4,200
1,113
6,726

1,749
3,952

IS
41

6/584

68

3', 911
1,112
6,616

274

41,574

39,234

345

38>889

38,741

238

38,503

37,964

345

37,619

112
35
207

3,514
3,325
14,295
2,374
595
1,204
570

55
36
203
44
6
24
3

3,459
3,289
14,092
2^0

50
36
201
41
6
6
3

3, 615

1,180
567

3,490
3,225
14,210
2,399
595
1,204
570

3,440
3,189
14,009

1
ii

3,491
3,591
16,356
2^79
588
1,218

'586
1,198
567

14,085
2,339
545
1,204
670

31
160
30
7
12
6

3, 5€0
3,0S9
13,925
2,309
538
1,192
564

29,250

Alaska (nonmember banks) The Territory of Hawaii (nonmember banks)

1,749
4,247
1,345
6,899

3,1303
3,626
16,563
% 712
595
1,229
922

Total Pacific States.

1,831
4,591
1,335
7,419

41,848

Totai Western States
Washington
Oregon
California
Idaho ._
Utah
Nevada
Arizona. . ^

18
33
9
60

410

28,840

25,877

371

25,506

25,693

343

25,350

25,488

301

25,18?

63
450

2

61
450

63
450

12
13

437

63
450

13

50
450

62
450

2
8

60
442

5

513

2

5ii

513

25

488

513

13

500

m

10

508, 230

4,750

503,480

484,107

6,257

477, S50

481,512

6,080

4?5,432

481,048

6,508

474,540

Total United States

722, 626

7,782

714,844

658,148

8,701

649,447

657,068

8,574

648,494

658,010

8,789

©

502

Total country banks

o
o

649,221

Total (nonmember banks)




.

•a

TABLE NO. 54,—Gold, silvery coin certificates} legal tenders, and other currency held by national banks at date of each report from January
IS,1914, to September 28, 1925
[For prior years see annual report 1920]
[In thousands of dollars]

Date

Jan. 1 3 Mar. 4_.
June 30..
Sept. 12..
Oct. 31...
Dec. 3 1 Mar. 4J_
May l._
June 23_.
Sept. 2__
Nov. 10.
Dec. 31._
Mar. 7_.
May 1-..
June 30..
Sept. 12..
Nov. 17.
Dec. 27..

1914

1915

1916

Gold coin

Gold
Treasury
certificates

United
Clearing
house cer- States certificates
tificates
for gold
(sec. 5192) deposited 1

Silver
dollar

Silver
Treasury Fractional2 Legal-tencertificates silver coin der notes

Total lawful money

n
o

153,386
153,438
149, 295
156, 234
162, 564
124,484

314,810
333, 612
321, 729
308, 005
315, 862
200,179

79,413
87, 933
84, 326
73,906
44,196

45,150
55, 670
54,875
38,820
39, 230
19,255

15,180
14V 536
14,293
12,692
12,810
14,009

148,197
126, 321
129,824
128,445
128,450
109,210

24,354
22,184
21, 605
19, 677
20,430
23, 544

201,429
176, 373
177,490
157, 508
172, 301
128,371

981,919
968, 067
969, 075
903, 707
925, 553
663, 228

124,191
117, 611
121,173
119,950
127,118
118,416

205,095
224, 056
276, 046
327, 673
349, 984
295,410

64,848
70,932
74,059
64,569
59, 568
83,964

45,935
61,910
63,115
56,170
51,605
54,960

13, 514
12,001
12,427
12,094
11,473
11, 778

115> 736
100, 544
110> 529
118, 528
111, 074
103,860

22,534
20,195
21,192
20, 860
20, 975
21, 375

127, 091
128, 000
111, 240
122, 765
114,978
118,117

718, 944
735, 249
789, 781
842, 609
846, 775
807,880

119,897
117,114
117,199
122, 079
127, 599
120,396

310, 064
281,170
284, 089
286, 418
320, 574
310, 627

87, 749
78,801
66,971
77, 546
65,623
67, 259

56,170
44,365
40, 735
43, 684
41,738
38,636

11,897
11, 737
11, 812
11, 762
11,991
13,083

101,293
109, 365
98,505
100, 664
97, 921
104,600

21, 710
21, 013
21,168

124,833
113,890
117, 524
105,101
101, 496
108,847

833, 613
777,455
758, 003
763,123
788, 344
785,946

97,240
102, 612
105, 336

23, 378
23, 9S0
23, 738

107,994
103, 828
105,147
()
*
(4)

813,992
763, 329
661, 833
493, 609
516,120
532,126

1917
67, 315
18,025
343, 784
118,433
42,823
Mar. 5 . .
59, 746
13, 339
37, 270
116,897
305, 597
May 1_._
55,985
16,695
13, 434
116, 983
224, 515
June 20..
5
6,697
39, 445
79, 549
Sept. 11.
(4)
5
15, 431
42,007
70,002
Nov. 20.
13,661
5 45,122
61, 560
Dec. 31..
1
Beginning Sept. 11,1917, included with gold Treasury certificates.
2
Beginning Dec. 31,1914, includes minor coin.
3
Beginning Sept. 11,1917, includes all United States paper currency and bank notes except on the dates when shown
4
Included with paper currency on these dates.
6
Fractional silver and minor coin included with silver dollars on these dates.




Paper
currency%

21,402
22,498

under the respective headings.

367, 918
388, 680
411, 783

o
o
N

w
o

p
m
o
3

TABLE N O . 54.—Gold, silver, coin certificates, legal tenders, and other currency held by national banks at date of each report from
18, 1914, to September 28, 1925—Continued

January

[For prior years see annual report 1920]
[In thousands of dollars]

Bate

Mar. 4 . .
May 10.
June 29..
Aug. 31.
Nov. 1.Dec. 31..
Mar. 4 . .
May 12..
June 30—
Sept. 12.
Nov. 17.
Dec. 31..
Feb. 28..
May 4...
June 30..
Sept. 8 . .
Nov. 15.
Dec. 29..
Feb. 21...
Apr. 28...
June 30..
Sept. 6...
Dec. 31..
Mar. 10.
May 5 . . .
June 30..
Sept. 15.
Dec. 29..

1918

1919

1920

1921

1922




Gold coin

52,394
44,202
34, 261
30,417
27,671
24,725
25,590
25,348
25,893
25,130
24,336
21,236
22,234
22,357
21,532
22, 516
23,510

21,745
21,433
21,183
20,819
19,360
20,347
20,851
20,7.62
19,054

United
Clearing States cerGold
Treasury house certificates
tificates
certificates (sec. 5192)
for gold
deposited

58,348
(4)
42,910
4
(4 )
( )

34,467

8
28,201
(4)

()
27,259
(4)

Silver
Treasury
certificates

Paper
Fractional Legal-tensilver coin der notes currency

12,359
12,098
11,639
11,884
11,530
11,425

«41,653
«43, 759
11,170
«37, 978
* 42, 521
12,110

74,850
(4)
53,317
(4)
(4)
59,781

28,581
(6)
(8)
32,073

11,229
11,151
10,940
10,872
10,859
10,878

«46, 018
«43, 515
11, 025
8 43, 358
«43, 473
8 45,431

()
42,564
(4)

31,328
(8)
*
()

10,862
10,836
9,865
8,858
9,658
3,813

»40,839
8 43, 215
10,424
* 42, 350
6
44, 003
«47, 991

()
30,917

8

8

8

33,193
(«)

34,300
(4)

()

31,331

()
26,957

* 43, 880
« 43, 735
9,099
* 36, 790
•36,949

()

22,951
19,333
17,389
17,013
17,520
18,359
17, 269
15,044

Silver
dollar

25
12
5
7
108

»36,182
« 35,153
7,771
«34,341
«37,265

8

8
23,012
(4)

()
27,114

8
24,421
(4)

449, 719
463,494
382, 701
364,136
443,828
522,063

359, 851
371, 373
431,060

CO

210,115
363, 435
161, 789
283, 857
362,106
302,378
353, 002
375, 355

(*)
(4)
39,034
(4)
(4)
45,104

()

24,195
(4)

Total lawful money

435,839
455, 369
424,455
439, 211
450, 041
508,605

302, 816
379,875
282, 861
397, 822
370, 866
421, 910

376,751
456,283
450, 351
471, 546
448,037
494,400

332,138
337,035
238,.561
280, 801
268,104

397,773
402, 223
374,349
357, 798
341,811

262,498
260, 968
205,061
259, 572
320, 369

336,065
334, 504
326,181
331, 951
391,840

00
O

1923
Apr. 3
June 30
Sept. 14
Dec. 31

19,995
19,811
20,070
18,169

_

\
Mar. 31
June 30
Oct. 10.-_
Dec. 31

1924

1925
Apr. 6
June 30
Sept. 28
4

.

Included with paper currency.




16,903
19, 308
20,422
23,787

19,121
19,253
19,678
19,368

27,095
37,484
37,288
41,787

19,246
18,857
19,600

35,880
52,904

182
56
55
5

«34, 868
6,910
« 35,975
«39, 002

()
23,004
(4)

()
25, 598
(s)

21,272
()
*

()
26,662

()
28,277

23,879

50

35, 629
7,254
35, 293
* 40,123
8

«35,334
7,919

(0

8
()

29,640
(5)

0)

287,199 I
175,149 I
284, 963
305.465 I

359,147
291,108
361,485
386,428

<)
0)
(4)

261,119
202,372
267, 776

342,969
345, 219
360,101
409,566

()

271,203
196,093
305,742

361,671
359,605
362,341

0)

25, 501
(4)

1
o

M

* Fractional silver and minor coin included with silver dollars on these dates.

a
o

a

O

o

TABLE NO. 55.—Specie held by national banks in the city of New York at date of each report from January 18, 1914, to September 28, 1925
[For prior years see annual report 1920]
[In thousands of dollars]

Date

Jan. 13
Mar. 4
June 30
Sept. 12
Oct. 31
Dec. 31
Mar 4
May 1
June 23
Sept.2._
Nov. 10
Dec. 31

1914

Gold
ClearingGold
Treasury
house
Treasury ceritficates certificates
certificates payable
(sec. 5192)
to order

Silver
dollars

Silver
Treasury
certificates

Fractional
silver coin

Paper
currency

_

_
1915
..„_

1916
__.
_
_
1917

Mar. 5
May 1...
June 20
Sept. 11
Nov. 20
Dec. 31

n

__

4,834
6,229
5,444
4,953
5,532
5,208

135,709
158,776
142,616
112,464
128,981
85,791

17,420
26,740
31,940
17,100
17,420
8,410

44, 055
52, 830
60, 545
46, 910
39, 390
20,020

50, 674
37, 111
39, 413
47, 321
52, 534
41,318

1,358
1,230
1,218
1,142
1,172
1,233

254,099
282,971
281,229
229,950
245,087
162,037

4,501
4,125
3,970

82,110
101,105
145,144
190,450
209,547
154,263

31, 580
48, 000
50,150
42,960
38,370
39,890

41,950
49, 230
53, 270
43, 090
41, 890
64,370

47,898
36,371
37, 302
49, 432
38,009
33,167

1,054
1,109
1,057
1,138
1,551
1,275

209,138
239,989
290,945
333,222
338,876
300,101

6,004
6,361
6,422
4,324
5,966
5,199

162,042
127,628
140,655
124,877
156,330
148,326

65,740
60, 770
49, 880
63,210
48,090
53,070

25,902
31, 205
25,904
26,104
22,976
23, 545

1,243
1,284
1,382
1,454
1,455
1,411

300,493
258,646
250,902
238,162
262,140
256,671

6,957
5,655
5,384

177,507
136,178
64,078

1,343
1,672
1,659
64,421
69,702
67,513

282,710
234,541
142,890
72,845
86,214
86,174

22.638
69,802
24,022
47> 922
54,795
37,273

70,178
76,046
66,191
63,324
70,144
76,678

3,123
30^9

__
1918




..

O
00

Total

7,095

_

Mar. 7...
May 1___
June30._
Sept. 12....._
Nov. 17
Dec. 27

Mar. 4____
May 10.
June 29
Aug. 31
Nov.!
Dec. 31

Gold coin

O5

2,218
2,367
1,990
2,153
2,246
1,745

0)
0)
0)
15,448

0)
14,988
C1)
0)

13,820

31,360
28,150
27,280
25,070
28,540
22,980

r°

8

46,370
45, 050
42, 370
3,400
11, 270
11,010

48
47
46
* 3,741
2 2,029
2 4,572

22,946
22,959
24,603

11,360
11,150
10,855
11,220
10j 800
10,800

21,854
2 2,727
21
* 2,029
2 2,303
49

16, 660

w

8

K
H

I
9
o
j

0)
12, 593
0)
0)
11,422

1,722
~I~569"

1919
Mar 4
M a y 12
June 30
Sept. 12
Nov. 17
Dec. 31

„.,,.•,
-

1920
Feb. 28

-

Feb 21
Apr 28
June 30
Sept 6
Dec. 31
Mar. 10
May 5
June 30
Sept. 15
Dec. 29
Apr. 3
June 30
Sept; 14
Dec 31
Mar. 31
June 30
Get 10
Dec 31
Apr. 6
June 30
Sept. 28

1. 289

„,...

June 30
Sept. 8
Nov 15
Dec. 29

.
„--1921

1,162
,134
,296
930
]1,430
1,141
L, 103
I. 053
945
934

-

1922

1.981

l) 872
1,860
1,770
1,556
1,322

(i)

1
C)
11,910

(0
0)

\
3

()

0)
0)

0)

1
C)

(0

(1

13,186

C1)

(3
(i
(i
(l )

0)
0)

1923

.

0)
0)

12, 503
10,359
8,763

h

1924
_

_,„-

* Included with paper currency.

7,218
6,328
6,383
6,401

3,052

2 2,069

2

2,537
17
1 , 516
2
1,791

(3)
(3j

6,757
8,282
8,922
7,507

(3)
(3)
(3)

6,868
7,357

(3)

703
3

2

21,789
2
1,825

535
424

__ _

43
2 2,424
2 2,496

(3

471
429
426
755

1925

21,993
2,152

2

(3)

642
614
621
689

_,

10,800
10,800
9,814
8,800
9,630
3,800

2

8,677
8,653
8,576
8,106
5,003

942

999
764
729

„„-

10,800
10, 803
10,800
10,800
10,800

s

(1)

936

- _

2 2,175
2 2,084
60
2 2,060
2 2, 528
2 2,330

10, $00

h

18

(3
(3

21,701
2 1,801

(3

21,420
11
1,606
2 1,495
2

2 1,381

5

7
21,479
2 1,962

4

21,572
8
2
1 , 574

4

(1)

Includes fractional silver and minor coin.

3

1,504

52,389
54,158
29,322
52,865
55,430
62,057

67,345
68,914
64,843
67,495
70,314
76,509

2,319

47,096
50, 601
36, 661
59,438
53,498
58,702

61,178
64,715
68,965
71,958
67, 554
66,984

1,758

47,119
52,710
31,989
33,194
33,424

50,329
56,350
53,093
46,014
44,912

1,690

33,091
31,442
25,539
28,068
31,214

44,499
42,919
40,351
38,604
38,954

1/314

23,901
14,793
19,109
21,834

33,181
25,698
27,719
30,419

1,570

19,618
15,092
19,450
25,369

28, 227
28,070
30,277
35, 593

1,532

21,910
16,715
25,582

30,889
28,115
27,859

0
m
9,384

0)
0)
(*)

h
5,808

C1)
0)
0)
0)
0)

5,773

1
C)

(l3,764
)

8
0) *

2,638

0)

0)

2,685

0)
(i)

2,075

Included with gold Treasury certificates.

N O T E . Beginning with reports for Sept. 11, 1917, national bank notes, legal tender notes, Federal reserve notes, and Federal reserve bank notes not included in previous clasei»
fication of specie, are now included in paper currency and total.
Paper currency includes all United States paper currency and bank notes except on the dates when shown under the respective headings.
Fractional silver coin includes minor coin beginning Dec. 31,1914.




OO
O
ZQ

310

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N6. 56.—Reserve held by national banks at date of each report from
September 11, 1917, to September 28, 1925
[In thousands of dollars]

Date

Sept. 11,1917...
Nov. 20, 1917...
Dec. 31,1917....
Mar. 4,1918....
May 10,1918—.
June 29,1918—.
Aug. 31,1918—.
Nov. 1,1918....
Dec. 31,1918....
Mar. 4,1919....
May 12, 1919. _.
June 30,1919—.
Sept. 12,1919...
Nov. 17,1919...
Dec. 31,1919....
Feb. 28,1920—.
May 4,1920....
June 30,1920...
Sept. 8,1920-...
Nov. 15,1920...
Dec. 29, 1920—
Feb. 21,1921....
Apr. 28, 1921...
June 30, 1921...
Sept. 6, 1921....
Dec. 31,1921...
Mar. 10, 1922..
May 5, 1922
June 30, 1922...
Sept. 15,1922...
Dec. 29,1922...
Apr. 3, 1923
June 30,1923—
Sept. 14,1923..
Dec. 31,1923...
Mar. 31,1924...
June 30,1924—
Oct. 10,1924-..
Dec. 31, 1924...
Apr. 6, 1925
June 30, 1925—
Sept. 28,1925..

Number
of
banks

7,638
7,656
7,662
7,670
7,688
7,705
7,728
7,754
7,767
7,761
7,773
7,785
7,821
7,865
7,890
7,933
7,990
8,030
8,093
8,123
8,130
8,143
8,152
8,154
8,155
8,169
8,197
8,230
8,249
8,240
8,225
8,229
8,241
8,239
8,184
8,115
8,085
8,074
8,049
8,016
8,072
8,085

Net amount
on which
reserve is
computed

10,082,779
10,348,806
10,556, 545
10,462,409
10,310,417
10,127,916
10,456,659
10,767, 510
11,562, 483
11, 283, 710
11, 718, 095
11,576,140
12,274,272
12, 721,467
12,825,314
12,994,198
12,806,588
12, 727, 792
12,693, 655
12,493,179
12,078, 661
11,654,918
11,134,115
11,016,794
10,822,861
11,141, 891
11,271,100
11,471,231
11,816,544
12,051,224
12,349,018
12,221,916
12,186, 055
12, 277, 560
12,458,042
12,341,069
12,800,802
13,429, 246
13,881,648
13,516, 688
13, 774, 795
13,960, 502

Amount of
reserve required

964,528
985,004
1,008,104
998,291
992,194
977,268
1,006,632
1,032, 256
1,113,142
1,074,164
1,121,319
1,107,719
1,170,205
1,204, 920
1,211,602
1,225,025
1,207,584
1,204, 501
1,193,947
1,172,175
1,138,132
1,093,956
1,045,687
1,038,195
1,015,469
1,056,976
1,069,126
1,090,215
1,124,026
1,136, 691
1,161, 292
1,132,927
1,129, 755
1,135,859
1,152, 295
1,145, 588
1,203, 824
1,265, 621
1,306,709
1,260, 747
1, 289,009
1,300,635

of amounts
due from
Amount due Federal refrom Federal serve banks
reserve
to amount
banksl
on which
reserve is
computed
1,048,425
1,080,075
1,114, 081
1,074,211
1.106,862
1,131, 674
1,113,667
1,101,629
1,182, 608
1,151,145
1,180, 961
1,211,079
1,229, 533
1,264,482
1,314,302
1,288,169
1,267,823
1,247,096
1,232,039
1,220,152
1,187, 251
1,130,402
1,078,730
1,041, 760
1,031, 468
1,145,074
1,126, 793
1,152, 111
1,152,833
1, 233, 717
1,222, 464
1,181,428
1,144, 516
1,171, 274
1.182,863
1,162, 061
1,200, 250
1,305, 542
1,397, 532
1,275,496
1,329,081
1,326,534

10.40
10.44
10.55
10.27
10.74
11.17
10.65
10.23
10.23
10.20
10.08
10.46
10.02
9.94
10.25
9.91
9.90
9.80
9.71
9.77
9.83
9.70
9.69
9.46
9.53
10.28
9.91
10.04
9.76
10.24
9.90
9.67
9.39
9.54
9.49
9.42
9.38
9.72
10.07
9.44
9.65
9.50

* Includes cash in vault and due from approved reserve agents of nonmember national banks in Alaska
and Hawaii.




TABLE NO. 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925
[In thousands of dollars]

(

Dec. 31, 1924
Net
amounts
due from Net amount
on which
banks not
reserve is
included
computed
in reserve
1
calculation

Banks in—

New York.
Chicago..

Amount
of reserve
required

Apr. 6,1925
Amount
of lawful
reserve
with
Federal
reserve
banks

Per cent
to net
amount
on which
reserve is
computed

Net
amounts
due from Net amount
on which
banks not
reserve is
included
computed
in reserve
calculation1

Amount
of reserve
required

Amount
of lawful
reserve
with
Federal
reserve
banks

Per cent
to net
amount
on which
reserve is
computed

CENTRAL RESERVE CITIES
25,332
11W

361,403
89,301

384,464
95,300

13.83
13.87

12. 740
904

2,497,192
644* 699

324,635
83,811

307,431
90,340

12. 31
14.01

26,446

3,466,951

450,704

479, 764

13.84

13,644

3,141,891

408,446

397,771

12. 66

5,621

Total central reserve cities.

2, 780,022
686,929

476,352
58,828
46,001
38,912
490,873
325,592
95,398
82,476
50,201
53,295
33,801
25,449
29,423
78,174
14,465
47,241
19,215
79,425
29,348
12,623
5,340
57,029
10,025
28,948
77,101

47,635
5,883
4,600
3,891
49,087
32, 559
9,540
5,248
5,020
5,329
3,380
2,545
2,942
7,817
1,447
4,724
1,922
7,942
2,935
1,262
534
5,703
1,003
2,895
7,710

53,015
5,983
4,530
4,049
51,787
32,647
9,526
8,254
5,174
5,645
3,380
2,190
2,718
8,320
1,549
5,066
1,658
9,177
3,294
1,270
536
5,925
1,032
2,977
8,617

11.13
10.17
9.85
10.41
10.55
10.03
9.99
10.01
10.31
10.59
10.00
8.61
9.24
10.64
10.71
10.72
8.63
11.55
11.22
10.06
10.04
10. 39
10.29
10.28
11.18

45, 536
6,793
4,222
3,944
40,875
34, 235
9,139
8,443
4,442
5,264
5,006
2,269
2,960
7,121
1,422
5,116
2,079
8,427
3,068
1,378
610
5,722
1,031
2,857
8,517

10. 03
10. 30
9.41
10.01
8.42
10.56
10.03
9.95
8.94
9.31
10.33
9.46
11.82
9.26
10.05
10.92
11. 55
10.88
10.20
10.93
9.89
9.63
10.80
9.97
10.48

OTHER RESERVE CITIES
Boston
Albany
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
Bichmond
Atlanta
Jacksonville
Birmingham
New Orleans
Dallas
E l Paso
Fort Worth
Galveston
Houston
San Antonio
Waco.
Little Rock
Louisville
Memphis
Nashville
Cincinnati

1,618
7,678
1,263
4,037
5,624
258
6,749
18
2,141
-.

749
1,781
1,373
1,854
1,099
1,455
384
754
461
443
2,327

1,118
1,893
454
1,887
4,973
24
5,475
16
,
284
1,359
722
424
1,049
990
197
4
482
1,536

453, 774
65,930
44,874
39,419
485, 733
324,249
91,103
84,859
49,663
56,552
48,446
23,984
25, 050
14,149
46,834
18,001
77,429
30,092
12,604
6,165
59,418
9,550
28,661
81,280

45,377
6,593
4,488
3,942
48, 573
32,425
9,110
8,486
4,967
5,655
4,845
2,398
2,505
7,693
1,415
4,683
1,800
7,743
3,009
1,261
616
5,942
955
2,866
8,128

1
This amount represents the net amount due from banks as shown by the reports of those banks whose balances due from exceed the balances due to banks and must be
deducted from the amount in the second column in order to prove the apparent amount of liabilities upon which reserve is required* Certified cheeks and eashier'g cheeks are
now included with amount due to banks in the reserve calculation.




CO

CO

TABLE NO. 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued

to

[In thousands of dollars]
Dec. 31,1924
Net
amounts
due from Net amount
on which
banks not
reserve is
included
computed
in reserve
calculation

Banks in—

Amount
of reserve
required

Apr. 6,1925

Amount
of lawful
reserve
with
Federal
reserve
banks

Per cent
to net
amount
on which
reserve is
computed

Net
amounts
due from Net amount
on which
banks not
reserve is
included
computed
in reserve
calculation

Amount
of reserve
required

Amount
of lawful
reserve
with
Federal
reserve
banks

Per cent
to net
amount
on which
reserve is
computed

OTHER RESERVE CITIES—continued

Cleveland
Columbus
___
Toledo
Indianapolis
Chicago
Peoria...
Detroit
Grand Rapids
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
Des Moines
Dubuque
I
Sioux City
Kansas City, Mo
St. Joseph
St. Loilis__
Lincoln
.Omaha......
Kansas City, Kans
Topeka
Wichita
Helena
Penver
Pueblo
Muskogee
Oklahoma City
Tulsa
Seattle
.

_

_

__

.

1,010
1,055
047
5,748

_.

_.__
__
_.
__. 1 / "".
.. _ • _
'____

._

Portland
Los Angeles...
Oakland




41,210
51,866
5,039
53,710
16,535

11,899
924
1,923
241
214
477
61
94
2,850
368
380
47
1,606
349
1,439
1,925
740
8,291
75
2,312
934

17,652
86,678
142,629
89,955
15,572
24,579
5,532
19,213
110,995
19,012
204,784
16,093
71,149
7,041
9,798
23,637
4,914
90,405
9, 662
9,214
39,001
46,474
72,066
20,464
55, 716
162,873
15,240

4,121
5,187
504
5,371
3,827
1,654
13,590
1,765
8,668
14,263
8,996
1,557
2,458
553
1,921
11,099
1,901
20,478
1,609
7,115
704
980
2,364
491
9,041
986
922
3,900
4,647
7,207
2,046
5,572
16,287
1,524

3,661
6,271
545
4,159
3,996
1,693
11,749
1,756
9,227
12,734
8,966
2,112
2,959
591
1,909
13,234
2,430
21,943
1,728
8,403
760
1,002
2,194
654
11,770
1,016
943
3,472
4,388
7,674
2,130
6,060
18,319
1,432

8.88
12.09
10.82
7.74
10.44
10.24
8.65
9.95
10.65
8.93
9.97
13.56
12.04
10.68
9.94
11.92
12.78
10.71
10.74
11.81
10.79
10.22
9.28
13.31
13.02
10.52
10.23
8.90
9.44
10.65
10.41
10.88
11.25
9.40

344
1,542
5,173
1,322
1,460
901
271
175

424
171
113
2,442
44
262
1,322
59
2,777
596
163
2,313
2,723
113
558
3,686
39

46,924
54,731
5,495
48,760
39,004
17,539
130,009
16,686
92,475
133,273
80,488
16,950
30,510
5,412
21,248
102,284
17,420
191,690
17,939
73,566
7,914
10,052
22,384
4,232
92,004
9,154
8,502
41,677
53,271
74,357
20,780
54,925
168,165
18, 335

4,692
6,473
560
4,876
3,900
1,764
13,001
1,669
9,247
13,327
8,049
1,695
3,051
641
2,125
10,229
1,742
19,169
1,794
7,357
792
1,005
2,238
423
9,200
915
850
4,168
5,327
7,436
2,078
5,492
16,816
1,834

4,593
5,882
872
3,882
3,963
1,807
13,845
1,707
9,290
12,801
8,460
1,573
2,431
570
2,180
11,509
1,818
20,223
1,832
6,879
646
1,023
2,«82
412
9,950
993
829
3,782
5,503
8,060
2,145
5,377
16,75g
1,959

9.79
10.75
16.87
7.96

iai6
10.30
10.65
10.23
10.05
9.61
10.51
9.28
7.97
10.53
10.26
11.25
10.44
10.55
10.21
9.35
8.16
10.17
10.64
9.74
M 81
X
10.85
9.75
9.07
10.33
10.84
10.32
9.79
9.97

10.68

San Francisco..,
Ogden...
Salt Lake City,.

3,105
251
88.0

186,990
6,101
23,155.

18,699
010
2,216

20, 688
644
2, 211

11.06
10.56
9,98

2, 434
150
465

175, 528
5,628
20,825

17, 553
563
2,082

Total other reserve eities_

101,902

4,213,656.

421,366

443, 742

10 53

58,086

4,184, 885

418, 488

416, 67$

9,95

Total all reserve cities

128,348

7,680,607

872,070

923,506

12.02

71, 730

7,326, 776

826, 984

814,450

11.12

5,871
2,376
1,858.
12,426
3,160
16,153

65,324
42,217
29,072
294,707
46,009
160,758

4,573
2,955
2,035
20,629
3,221
11,253

4,813
3,464
2,318
21,298
3,314
10,8.06

7,37
a 21
7,97
7.23
7. 20.
6,72

4,270
2,137
1,533
8,922
1,864
10,018

66, 292
40, 522
27, 611
288, 855
44,990
15Q, 119

4,640
2, 837
1,933
20,220
3,149
10,928

4,727
3,198
2,033
20,37Q
3,318
11,081

7.13
7.89
7.36
7.05
7.37
7.10

41,844

638,087

44,666.

46,013

7.21

28,744

624, 389

43,707

44,727

7.16

35,381
28, 899
67,2.45
984
3,410

544,097
470,026
788,921
13,068
51,211

38,087
32,902
55,224
915
3,585

41,19$

7.57
7.98
7.60
9.31
7. 54

35,292
21, 586
65,684
419
3,641

554,113
455, 704
788,087
50,849

38, 788
31,899
55,166
848
3, 559

41 287
33 163
59,408
889
3,805

7.45
7.28
7.54
7.34
7.49

135,919

1,867,323

130, 713

143, 749

7.70

126,622

1,860,864

130,26Q

138, 552

7.45

10,418
6,709
8,918
7,669
6,135
11,664
12,255
5,991
5,383
67, 675
10,942
10,474
6,195

140,908
105, $08
99,2§3
65,&12
49,776
79,227
73,027
46,153
47,493
311,978
54, 621
93,977
74, 705

9,864
7,407
6,950
4,572
3,484
5,546
5,112
3,231
3, 325
21,838
3,823
6,578
5,229

10,910
8,359
8,053
5,291
4,029
6,089
5,897
3,621
3,381
24, 224
4,282
6,784
6,543

7.74
7.90
8.12
8.10
a 09
7.69

8,562
7,569
7,972
7, # 7
5,422
22,368

a os

H , 432

7.85
7.12
7.76
7.84
7.22
8.76

5, 876
3,836
62, 251
9,926
10,152
6,616

136,674
106, 812
96, 522
61,299
47,546
111, 409
70, 887
46,841
46,187
310, 848
53, 073
93,309
75,915

9,567
7,477
6,757
4,291
3,328
7,799
4,962
3 f 279
3,233
21, 759
3,715
6,532
5,314

10,460
8,193
6,427
4,739
3,625
8,633
5,630
3,341
3,348
23, 650
3,982
7,092
6,022

7.65
7.67
6.66
7.73
7.62
7.75
7.94
7.13
7.25
7.61
7.50
7.60
7.93

170,428

1,242,273

86,959

97,468

7.85

169,409

1, 257,322

88,013

95,142

7.57

25, 615
14,781
31, 559
13, 587
16, 346
17, 576
16,407
5,835

292,198
176,653
305, 357
132, 216
138>694
160, 007
151, 862
54, 077

20,454
12,366
21, 375
9,255 ;
9,709
11, 201
10,630
3, 785

21,964
13,409
22, 795
9,763
9,891
11, 836
11,426
4,Q93

7.52
7.59
7.47
7.38
7.13
7.40
7.52
7. 57-

24, 729
11,980
32,865
14, 085
15, 970
13, 472
15, 231
4,074

295, 877
170, 274
317, 853
140, 493
150, 019
158,141
158, 722
51, 99.8

20,711
11, 919
22, 250
9,834
10, 501
11, 070
11, 111
3,640

21, 643
12,419
23,177
10, 506
11,096
11,879
11, 716
3,779

7.31
7.29
7.29
7.48
7.40
7.51
7.38
7.27

141, 7C6

1,411,064

105,177

7.45

132, 406

1,443, 377

101, 036

106, 215

7.36

COUNTRY BANKS

Maine...
New Hampshire.
Vermont.
Massachusetts
Rhode Island
Connecticut
.

Total New England States..
New York
New Jersey.__
Pennsylvania.
Delaware
Maryland
Total Eastern States.
Virginia
West Virginia...
North Carolina.
South Carolina..
Georgia
Florida....

Alarms

Mississippi^
Louisiana.
Texas
,
Arkansas
Kentucky
Tennessee
Total Southern States..
Ohio
Indiana
Illinois
Michigan..
Wisconsin. _
Minnesota.
Iowa
Missouri...
Total Middle Western States.




i

98, 775

37, # 9
59,988
1,217
3,860

12, m

17, 630
. 577
2,060

10.04
10.25
9,89

TABLE N O . 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued
[In thousands of dollars]
Dec. 31, 1024

Apr. 6, 1925

Net
amounts
due from
banks not
included
in reserve
calculation

Net amount
on which
reserve is
computed

Amount
of reserve
required

12,098
6,390
7,275
23,541
10, 951
12, 324
12, 445
4,008
44, 355

61,193
50,243
57,033
112,835
48,123
35,067
66,492
19,924
165,167

4,283
3,517
3,992
7,898
3,369
2,455
4,654
1,395
11,562

4,784
3,856
4,408
8,393
3,845
2,496
4,981
1,510
13,059

133,387

616, 077

43,125

10,323
6,821
21,160
6,711
2,161
1,568
2,991

79,165
54,595
211, 026
38, 380
6,955
10,182
18,839

5,541
3,822
14,772
2,686
487
713
1,319

51, 735

419,142

29,340

11

2,602
4,473

390
671

11

7,075

1,061

2

675,030

Banks in—

6,201, 041

803,378

13,881,648

Amount
of lawful
reserve
with
Federal
reserve
banks

Per cent
to net
amount
on which
reserve is
computed

Net
amounts
due from Net amount
on which
banks not
reserve is
included
computed
in reserve
calculation

Amount
of reserve
required

Amount
of lawful
reserve
with
Federal
re-serve
banks

Per cent
to net
amount
on which
reserve is
computed

COUNTRY BANKS—continued

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

_ . . _
_

_

__ . .

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

._

Total Pacific States

_
.

__

Alaska (nonmember banks)
Hawaii (nonmember banks)
Total nonmember banks
Total country hanks
Total United States
3

_

7.82
7,67
7.73
7.44
7.99
7.12
7.49
7.58
7.91

6,472
5,951
7,481
17,561
6,662
3, 251
12, 559
2,226
37, 975

59, 755
50,586
59, 659
109, 712
44,887
25, 404
65,980
18, 691
160,178

4,183
3,541
4,176
7,680
3,142
1,778
4,619
1,308
11, 213

4,524
3,789
4,594
8,194
3,455
1,983
4,885
1,387
12,127

7.57
7.49
7.70
7.47
7.70
7.81
7.40
7.42
7.57

47, 332

7.68

100,138

594, 852

41,640

44,938

7.55

5,941
4,065
15, 576
2,891
513
744
1,411

7.50
7.45
7.38
7.53
7.38
7.31
7.49

9,466
6,970
17,493
3,401
538
901
2,822

83,228
53, 951
200,797
31, 257
5,107
9,722
18, 553

5,826
3,777
14,056
2,188
357
680
1,299

6,081
3,934
14,599
2,271
393
696
1,276

7.31
7.29
7.27
7.27
7.70
7.16
6.88

31,141

7.43

41,591

402, 615

28,183

29,250

* 1,009
2 2,137

38.79
47. 78

8
419

2,619
3,874

393
581

696
2
1,526

26.58
39.39

3,146

44. 47

427

6,493

974

2

34. 22

434, 639

474,026

7.64

599,337

6,189, 912

433, 813

461, 046

7.45

1,306, 709

1, 397, 532

10.07

671,067

13, 516, 688

1,260,747

1,275,496

9.44

T h e cash in vault (exclusive of national-bank notes) and due from approved reserve agents.




2

2,222

7.27

Sept. 28,1925

June 30,1925

Banks in—

Net amounts
due from
Net amount
banks not
on which
included in
reserve is
reserve 1
computed
calculation

Amount of
reserve
required

Amount of
lawful
reserve with
Federal reserve banks

Net amounts
Per cent to
due from
Net amount
net amount
banks not
on which
on which
included in
reserve is
reserve 1
computed
reserve is
computed calculation

Amount of
reserve
required

Amount of
lawful
reserve with
Federal reserve banks

Per cent to
net amount
on which
reserve is
computed

CENTRAL RESERVE CITIES

New York
Chicago

24,745
1,183

Total central reserve cities _.

2,620,743
668, 781

340,697
86,941

334,034
88,406

12.75
13.22

5,578
2,106

2,566,459
691,920

333,639
89,950

338,069
86,903

13.17
12.56

25,928

3,289, 524

427,638

422,440

12.84

7,684

3, 258,379

423,589

424,972

13.04

1,470

476, 233

47,623

48,436

10.17

1,544

465,664

46,566

45,986

9.88

OTHER RESERVE CITIES

Boston

-

56,747
5,675
4,799
8.37
8.46
3,541
72,326
7,233
6,057
Albany
44,842
4,484
4,560
9.83
104
10.17
203
44,175
4,417
4,343
Brooklyn and Bronx
42,614
4,261
4,139
7.73
9.71
1,266
3,100
50,247
5,025
3,886
Buffalo
49, 517
5,228
495,166
49,955
10.09
5,789
10,90
49,060
53,496
490,603
Philadelphia
32,274
11.20
482
322, 747
36,132
9.76
317,393
31, 739
30,975
Pittsburgh
_ _.
330
9,534
1,520
95,339
10,715
11.24
7,641
8.08
1,949
9,455
94,547
Baltimore _
82,076
8,208
8,269
7,979
9.93
3,159
10.07
2,569
8,032
80,321
Washington
57,324
5,732
5,671
4,488
9.17
9.89
104
4,895
93
48,950
Richmond
_
65,459
6,546
6,172
9.43
5,936
3,680
56,660
5,666
Atlanta
11.94
6,738
5,475
6,539
67,377
7,060
10.48
54,751
Jacksonville
23,654
2,365
8.62
9.75
2,306
2,258
1,946
2,013
2,594
22, 578
Birmingham _
24, 730
2,473
2,121
2,474
2,672
9.26
8.58
26,724
New Orleans
85,626
8,563
8,397
7,839
10.12
405
9.81
7,935
932
78,390
Pallas
2,221
1,397
1,334
13,970
1,479
1,845
12.47
9.55
14, 793
943
El Paso
39, 592
3,959
4,494
3,816
11.12
225
9.64
4,040
40,397
Fort Worth
14,845
1,484
1,022
307
6
14,067
1,407
1,288
6.88
9.16
Galveston
75,495
10.94
738
7,550
8,261
7,489
7,618
10.17
74, 895
1,773
Houston
- 2,944
3,086
1,407
29,443
10.48
28,964
3,231
11.16
1,521
2,896
San Antonio
1,092
1,015
385
10,150
10.76
1,118
1,258
11.26
11,177
446
Waco
4,609
461
11.22
609
517
341
6,104
9.98
236
611
Little Rock
244
9.52
56,149
5,615
5,347
4,672
8.25
804
5,661
56,608
Louisville
1,002
122
10,118
1,012
9.90
9,052
877
9.69
905
Memphis
394
29,885
2,989
2,887
13.08
3,988
9.66
3,048
296
30,480
Nashville
86,429
8,938
7,994
9.45
1,748
8,643
10.34
8,462
84, 618
1,723
Cincinnati
589
5,244
4,642
8.73
52,436
49, 835
8.85
4,349
4,983
1,978
Cleveland
- -432
54,704
5,969
5,471
10.87
10.91
5,308
5,771
53,078
1,357
Columbus
1
This amount represents the net amount due from banks as shown by the reports of those banks whose balances due from exceed the balances due to banks and must be deducted
from the amount in the second column in order to prove the apparent amount of liabilities upon which reserve is required. Certified checks and cashiers' checks are now
included with amount due to banks in the reserve calculation.




H

H
w
Q

o

g

3

o

cj

a

CO

TABLE N O . 57,—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued
[In thousands of dollars]
Sept. 28,1925

June 30,1025

Net amounts
due from
Net amount
banks not
on which
included m
reserve is
reserve
computed
calculation

Banks in—

Amount of
reserve
required

Amount; of Per cent to Net amounts Net amount
due from
net amount banks not
lawful
on whieh
reserve with on which
included in
reserve is
Federal re* reserve is
reserve
computed
serve hanks computed calculation

Amount of
reserve
required

Amount of Per cent to
net amount
lawful
reserve with on which
reserve. Is
Federal reserve banks computed

OTHER BESERVE CITIES—continued

Toledo
IndianapolisChicago.. _-_._
..._.
Peoria..
Petroit—
Grand Rapids
Milwaukee.._____
Minneapolis
St. Paul
Cedar Rapids.
_
Peg Moines,_.
____
Dubuque
______
Sioux City
Kansas City, Mo..
St. Joseph
St. Louis..
Lincoln
Omaha
Kansas City, Kans__.
Topeka
.__
Wichita
Helena
Denver
Pueblo
Muskogee
Oklahoma City
Tulsa.
Seattle

140
~5~27Q"

,

Portland
Los Angeles
Oakland
San Francisco..




2,943
1,740,
1,350
229,
204

,12
75
1,404
1,006
1,023
2,087
1,800
27
2,170
1,643

123
1,908
2,226
132
814

fi.%833
41,262
18,034
146,022
17,88$
9^481
136,693
4,700
nm
28,272
5,419
\% 693
100,456
16,046
184,215
18,429
76,112
7,159
14,370
22, 508
3,989
87,119
10,082
7,631
40,819
55,550
73,007
19,354
55, 229
170,461
19, 773
179,471

5,384

,m
14,602
1,799
13,669
7,343
1,476
2,827
542
1^604
18,421
1,843
7,611
'716
1,437
2,251
399
8,712
1,008
763
4,082
5,555
7,301
1,936
5,523
17,046
1,977
17,947

576
4,078
4,382
1,831

2\,m

1,785
8,917
IS, 179
1,362
2,831

m

1,998
11, 682
1,901
17,639
i, 817
715
1,460
2,286
602
9,397
1,069
663
4,194
5,842
6,812
1,945
5,284
17,730
2,088
15, 750

7.5S

122

10.6.2

'"§,"733'

iai5
14 4Q
9.9.2
9,86
11.10
9.6.1
9.23

7,380
1,096
67Q
465

an

mo*
ia80
iai
11.63
11.85
9,58
9.86
U,41
9,9?
lft 16
10.16
15.09
10.79
10.60
8.69
10.27
10.52
9,33
10.05
9.57
l(X40
10.56
8.78

18
1,27a

""las"
958
635
2,517
5.28
38
580
1,706
2,737
201
2,897
2,328
194
9,386

0,164
48,618
40,431
*6,533

,m
81,288
134036
75, §96
15,084
27,049.
18,751
97,082
15,668
185,054
18,255
70.189
7,181
14,604
20,957
4,227
86,847
8,722
% 141
41,6.55
63*382
72,331
19,406
69,434
168,798
20.190
186, 891

66
1

4,8?
4,043
1,653
13,382
1,954

13,604
7,559
1,509
2,706
503
1,875
9,708
1,567

is, m
1,826
7,019.
713
1,460
2,096
423
8,685
872
814
4,165
6,838
7,233
1,941
6,943
16,880
2,019
18,689

%«9
m
4,046
1,735
10,317
*978
^,7
14,279

7., 621
J,4Q8
2,287
528
1,850
10,341
1,511
17,557
1,778
1,443
1,894
595
9,005
896
765
a, 772
7,217
7,465
1,991
5,933
16,949
2,111
16,801

10.04
$.20
10. 01

10.49
7.63
10.13
9.92
lft 50
10.08
9.33
8.46
lft 49

H
O
H

w

o
o
g

&8,f
10.65
9.64
9,49
9.74
9.88
9.04
14.08
10.37
10. 27
9.40
9.06
11.39
10.32
10.26
8.54
10.04
10.46
8.99

a
el

i

112
696
68,240

5,051
20,440

506
2,044

534
2,i59

10.57
10.56

355

4,661
20,803

466
2,080

402
2,117

4, 227,079

422,708

431,989

10.22

65,192

4, 245, 560

424, 556

422,027

94,168

7, 516,603

850,346

854,429

11.37

72,876

7, 503,939

848,145

1,766
1, 931
9,614
1,610
13,831

42,927
29,501
304,564
46,087
181,946

4,587
3,005
2,065
21,524)
3,226
11,336

5,078
3,372
2,252
23,031
8,278
11,173

7.75
7.86
7.63
156
7.11

4,962
2,525
2,169
11,293
1,865
10,158

71, 269
45,931
30, 933
315,379
48,040
163,387

4,989
3,215
2,165
22,077
3,363
11,437

5,244
3,546
2,395
22,445
3,377
11,743

7.36
7.72
7.74
7.12
7.03
7.19

31,787

650, 556

45,539

48,184

7.41

32,967

674, 939

47,246

48,750

7.22

31,449
24,723
57,265
616
4,193

568,371
488,020
793,4S8
1% 977
52", 712

39,786
34,162
55,544

44,572
3?, 148
60,793
1,109
4,078

7.84
7.66
8.55
7.74

34,348
19,348
61,181
621
3,916

592,666
498, 585
804,168
13, 367
63, 488

41,486
34, 551
56,292
936
3,744

35,515
58,761
1,014
3,975

7.61
7.20
7.31
7.59
7.43

118,246

1,915, 568

134,090

147,700

7.71

119,404 I

1, 957, 274

137,009

144,354

73
.

136,140
108,773
89,564
59, 669
44,677
122,325

9,530
7,264
6,269
4,170
3,127
8,563

20,850
3, 664
6,443
- 5,238

8.19
7.54
7.34
7.50
7.10
7.63
8.04
7.78
7.73
7.39
7.50
7.45
8.10

7,455
8,606
6,614
7,040
26,250
11,637
7,804
2,636
56,294
9,162
6,542
5,343

139, 609
104,498
96,251
61,769
52", 225
156,325
76,798
51,468
60,435
321, 787
57,135
89, 369
77, 518

9,773
7,315
6,738
4,324
3, 656
10,943
6,376
3,602
3, 510
22,525

10,988
7,784
7,452

44,945
44,131
297,860
52,337
92,051
74,825

11,147
7,828
6,573
4,469
£, 173
9,829
5,363
3,498
8,410
22,019
3,925
6,860
6,058

80,022

93, 652

7.62

16S, 010

1, 335,182

Qgden
Salt Lake CityV
Total other reserve cities
Total all reserve cities

8.63
10.18
9.94
11.29

COUNTRY BANKS

Maine.
New Hampshire.
Vermont^ ___.___.
Massachusetts...
Rhode Island
Connecticut......
Total New England States..
New Jorfc
New Jersey
Pennsylvania.
Delaware
Maryland.....
Total Eastern States.

r

Virginia..
West Virginia.. _
North Carolina..
South CarolinaFlorida
Alabama
Mississippi.
Louisiana...
Texas
Arkansas—
Kentucky., _.
Tennessee...
Total Southern States..
Ohio
Indiana
Illinois
Michigan..
Wisconsin..
Minnesota.
Iowa.
_
Missouri
Total Middle Western States




• "-

7,461
6,741
6,327
6,762
4,771
20,491
8,437
5,200
2,998
45, 928
8,668
9,095
6,452

3,146

5,426

4,177
11,312
6,158
3,985
8,779
24,090
4,381
6,455
6,183

7.43
7.74
8.13
8.06
7.24
8.02
7.74
7.49
7.49
7.67
7.22
7.98

93,463

101,697

7; 62

27, 877
14,741
30,691
12, 913
12, 885
15, 926
14, 671
4,096

301,857
181,489
327,058
140, 708
145, 308
163,232
151, 271
54,321

21,130
12, 704
22,894
9,850
10,172
11,426
10, 589
3,802

22,104
13,441
24, 905
10,609
10, 798
12, 021
10,978
4,007

7.32
7.41
7.61
7.54
7.43
7.36
7.26
7.38

28, 511
12,725
28,577
10,508
14,170
12,496
13,401
4,910

306, 562
179,927
323, 363
142, 069
145, 571
156, 052
153,443
57, 073

21, 459
12, 595
22, 635
9,945
10,190
10, 92(4
10, 741
3,995

22, 111
13, 412
23,158
10,757
10, 537
11,202
11,153
4,120

7.21
7.45
7.16
7,57
7.24
7.18
7.27
7.22

133, 800

1,465, 244

102, 567

108, 863

7.43

125, 298

1,464, 060

102, 484

106, 450

7.27

139, 331

1,

m

I
o
W
o

TABLE N O . 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued

CO

[In thousands of dollars]

oo
S«pt. 28, 1825

JojQi 30,1925

Net amounts
due from
Net amount
banks not
on which
included in
reserve is
reserve
computed
calculation

Banks in—

COUNTRY BANKS—continued
North Pftlrnta
South Dakota
Nebraska
Kansas
Montana
Wyoming
_
Colorado
New Mexico
Oklahoma
.

Amount of Per cent to Net amounts Net amount
due from
lawful
net amount banks not
on which
reserve with on which
reserve is
included in
Federal rereserve is
computed
reserve
serve banks computed
calculation

Amount of Per cent to
lawful
net amount
reserve with on which
Federal rereserve is
serve banks computed

3,800
3,419
4,135
7,873
3,163
1,865
4,375
1,276
10,799

3,9*8
3,632
4,507
8,517
3,282
2,085
4,842
1,273
11,766

7.35
7.44
7.63
7.57
7.26
7.83
7.75
6.98
7.63

6,861
5,204
6,707
16,622
7, 749
4,271
8,937
1,288
25,056

59,065
50,126
57,821
115,397
47, 748
28,029
64, 533
17,704
153,912

4,135
3,509
4,048
8,078
3,342
1,962
4,517
1,239
10, 774

4,496
3,738
4,352
8,869
3,486
2,037
4,804
1,233
11, 593

7.61
7.46
7.53
7.69
7.30
7.27
7.44
6.96
7.53

581,500

40, 705

43,892

7.55

82, 695

594,335

41,604

44,608

7.51

8,291
6,608
18,473
3,355
390
1,135
1,723

Total Pacific States

54,281
48,849
59,067
112,478
45,187
26,643
62,496
18,231
154,268

87,987

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

81,441
54,142
207,725
32,417
4,868
10, 514
17,953

5,701
3,790
14, 541
2,269
341
736
1,256

6,000
4,064
14,998
2,510
395
779
1,398

7.37
7.51
7.22
7.74
8.12
7.41
7.79

10,805
7,854
20,830
5,474
524
1,362
2,031

84,184
57, 567
214, 729
34,616
5,107
10,642
17,303

5,893
4,030
15, 031
2,423
357
745
1,211

6,141
4,236
16,008
2,727
362
785
1,209

7.29
7.36
7.46
7.88
7.09
7.38
6.99

409,060

28,634

30,144

7.37

48,880

424,148

29,690

31, 468

7.42

39,975
- • '

Alaska (nonmember banks)
The Territory of Hawaii (non-

•

• —

'•'

2,749

Total (nonmember banks)..

7,373

10

Total country banks_..

.,

645,304

1,106

a 772

28.08

14

3,107

466

1 , 111

31.25

93

3,518

528

2 1,097

31.18

* 2,217

30.07

107

6,625

994

2

33.33

452,490

479, 535

7.43

1,300,635

1,326,534

9.50

W
m
o
o

3
O
F

5
O
cj

35.76

1,445

2

6,258,192

551,136
rig.-..

..

694

2

412

4,624

10

Tn«mbf r barks)

438,663

474,652

7.58

574,361

6,456, 563

13,774,795

1,289,009

1,329,081

9.65

647,237

13,960, 502

2,208

:

* The cash in vault (exclusive of national-bank notes) and due from approved reserve agents.




Amount of
reserve
required

4,674
5,278
8,010
17,273
6,096
3,685
9,517
1,969
31,485

Total

Total United States...

Amount of
reserve
required

9

REPORT OF THE COMPTROLLER OF THE CURRENCY

319

TABLE NO. 58.—Aggregate resources and liabilities of national banks from January,
1914, to September, 1925
[For prior years see annual report 1920]
1914
Jan. 13
(7,493 banks)

Resources

Mar. 4
(7,493 banks)

June 30
(7,525 banks)

Sept. 12
(7,538 banks)

Loans and discounts
$6,175,404,961.53 $6,357,535,898.41 $6,430,069,214. 47 5,400,767,386.01
Overdrafts
21,838,399.48
21, 335,628. 89
15,485,641.14
17,142,637.10
United States bonds to secure
circulation
736,600,910. 00
733,564,382.00
734,897,425.81
736,685,849.72
Miscellaneous securities to secure circulation
392,663,116.72
United States bonds to secure
United States deposits *
50,342,980. 00
50,285,032. 00
48,405,573.20
48,311,495.63
Other bonds to secure United
States deposits.._
_
67,878,130. 32
59,332,288. 52
56,781,241.53
72,372,019. 72
United States bonds on hand
5,112,910. 00
5,476, 718. 00
311,955,298. 58
6,423,780.87
Premiums on United States
bonds...
5,071,681. 95
4,859,610.88
4,058,150. 56
3,921,759.63
Bonds, securities, etc
1,020,494,711.08 1,027,326,660.58 1,015, 981,897.19
941, 723,232. 07
Stock
3 42,809,011.19
42,032,851.94
Banking house, furniture, and
fixtures
256,995,908. 53
268,042,022. 88
257,520,014.18
269,661,511.46
32,625,254,39
Other real estate owned..
33,981,161. 55
39,042,865. 78
40,787,222.13
Due from national banks (not
reserve agents)..
482,036,437.64
421,754,572.17
513, 728,136.83
410,376,729.94
Due from State banks and
bankers
251,113,818.01
230,776,241.19
191,921,682.48
191,968,078.31
Due from approved reserve
802,786,844.06
777,498,700. 76
881,702,559.68
agents
673,958,901.01
37, 244,268.10
40,184,406. 94
48,559,951.65
Checks and other cash items
34, 204,681,42
263,295,798.41
309, 321,303. 07
282,343,800.66
Exchanges for clearing house.
118,588,403.08
51,797,179.00
48,177,045. 00
49,659, 728. 00
Bills of other national banks.
73,546,639.00
Fractional currency, nickels and
3,964,617.42
3,959,837.04
3,828,925.17
3, 591,586. 83
cents
..
792, 694,095.14
780,490,209. 56
791, 584, 566. 61
746,198, 917.43
Specie.__
175,373,021. 00
177,490,396.00
201,429,211. 00
157, 508,431. 00
Legal-tender notes
35, 509, 539. 22
35,402,097. 42
44, 323,990.14
35, 371,589. 64
Five per cent redemption fund.. _
Due from Treasurer United
8,933,843.97
7,533,063.14
14,464,098.96
3,952, 273. 52
States
52,818,000. 00
Clearing-houseloan certificate. __
Total-.

11,296,355,138.70 11,564,497,260.26 11,482,190,770.60 11,483,529,494.68
Resources

Loans and discounts
Overdrafts.
United States.bonds to secure circulation
Miscellaneous securities to secure circulation
United States bonds to secure United States deposits..
Other bonds to secure United States deposits
United States bonds on handPremiums on United States bonds
Bonds, securities, etc
Stocks
Banking house, furniture, and fixtures
Other real estate o w n e d . . . - .
Due from national banks (not reserve agents)
Due from State banks and bankers
Due from Federal reserve bank
Due from approved reserve agents
Due from banks and bankers
Checks on banks in same place.
Exchange for clearing house.
Outside checks, cash items, etc
Checks and other cash items
Bills of other national banks. _
Fractional currency, nickels and cents
._
Federal-reserve notes
Specie
Legal-tender notes
_
Five per cent redemption fund
Due from Treasurer United States
Clearing-house loan certificate
Amount paid on account of $100,000,000 gold fund
Total
1

Oct. 31
(7,571 banks)
$6, 316,478,470.67
18, 797,351. 32
739,586, 391. 26
504,514,045. 49
47,873, 491.40
69, 365, 717. 26
4,549,007. 26
3, 661,325. 74
905,277,164. 35
50,804, 335.13
268, 509, 856. 77
42,313, 332. 01
392,847,274.13
174, 235, 702.92
634,166,049.02
150,112,100. 24
42,947,630.06
87, 382,691.00
3, 575, 689. 54
753, 252, 764. 40
172, 300, 611. 00
52, 349, 623. 24
5, 377, 379. 92
35, 654,000. 00
16, 520, 718. 25
11,492,452,722.38

Includes District of Columbia and island possession bonds.
a Includes $5,310,500 United States bonds loaned by New York City banks.
*Includes $899,668 erroneously shown on face of banks' reports as bonds, etc.




Dec. 31
(7,581 banks)
$6, 347, 636,510. 27
15, 798,224. 76
739,160,346. 66"
209,400,603.20
47,830,427. 39
72,885,060. 35
5,003,963. 63
3,084,194.96
988,157, 510.40
61, 394,185. 49
271,464,956. 07
43,258,037.97
261,459,775.05
583, 664,900. 21
575,324, 679.14
31,781, 266.03
262,433,419. 95
33,867,431.58
69,466,353.00
2,013, 685. 00
534,857,113.00
128,370,974. 00
43, 752,166. 74
12,616,157. 05
12,404,075.77
11,357,086,017. 67

320

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 58.—Aggregate resources and liabilities of' national banks from January9
1914, to September, 1925—Continued
[For prior years see annual report 1920]
1914
Liabilites

Jan. 13
(7,493 banks)

Mar. 4
(7,493 banks)

June 30
(7,525 banks)

Sept. 12
(7,538 banks)

Capital stock paid in
$1,057,676,054.00 $1,056,482,120. 00 $1,058,192,335.00 $1,060, 332,072. 50
731,273,096.28
732,442, 759. 67
723,338,266. 50
Surplus fund
_
724,138,519.46
Undivided profits, less ex268,184,165.18
25$, 664,337.83
272,703,334.17
penses and taxes
287,343,679.28
National-bank notes outstand720,640,334.00
722, 554, 719.00
725,326,161.50
ing
_
_
918,270,315.50
27, 698.00
27, 698. 00
27, 693.00
State-bank notes outstanding. _ _
27,693.00
1,061,260,991.82 1,201,467, 775.86 1,017,820,892.71
Due to other national banks
904,331,571.01
561, 006, 715.14
607, 331, 628. 52
515,742,709.18
Due to State banks and bankers.
521,901, 865.51
Due to trust companies and
619,704,372.92
60S, 678,412.65
544, 604,116.11
483, 794,109.17
savings banks
43, 630, 770. 30
42,660, 616.15
43,937,637. 70
39,871,080.85
Due to approved reserve agents.
4, 264,129. 89
18, 660, 220. 51
1,250,322.87
1,337,166.00
Dividends unpaid.
6,072,064,752.60 6, 111, 328,457.16 6, 268, 692, 429.72 6,139,081,279.77
Individual deposits__
76,815,818.69
66,654,582. 55
69, 712,446.13
58,609,788.39
United States deposits.
22, 243,089. 21
23,841,062.65
27,626,325.06
Postal-savings deposits
23, 568,198.75
Deposits of United States dis7,482,388.89
7, 773,084.98
bursing officers.
46, 673,867.97
47,123,180.09
Bonds borrowed
34,461,34a 00
United States bonds borrowed..
34,407, 245.99
«, 025,690.49
53,862, 878.42
Other bonds borrowed
8, 772,534.57
11, 701,475.41
25,981,950.00
13,436, 527.21
Notes and bills rediseounted
60,905,190. 66
45, 372, 735. 52
124,089,118.73
Bills payable
77,775>401.26
6,155, 905.52
8,284,933.48
4,701,635.23
7,926,918,00
Reserved for taxes
Clearing-house loan certificates
(net balance)
52,779,000.00
Liabilities other than those
,2,408,915.49
2,342,482.12
6,443,087.95
3,516,788.84
above stated
Total .

11,296,355,138.70 11,564,497,260.26 11,482,190,77a 60 11,483,529,494.68

Liabilites
Capital stock paid in
Surplus fund
Undivided profits, less expenses and taxes
National-bank notes outstanding
State-bank notes outstanding...
Due to other national banks
Due to State banks and bankers
Due to trust companies and savings banks...
Due to Federal reserve bank
Due to approved reserve agents
Due to banks and bankers
Dividends unpaid
Individual deposits
United States deposits
Postal-savings deposits
_
Demand deposits. _
.»_
Time deposits...United States bonds borrowed.
_..
Other bonds borrowed
.
Securities borrowed
Notes and bills rediseounted
_
Bills payable
Reserved for taxes
Clearing-house loan certificates (net balance).
Liabilities other than those above stated
Total.




Oct. 31
(7,571 banks)
$1,063,162,597.50
724,947,101.26
293,261,154.09
1,018,193,636. 50
27, 693.00
838,651,946.54
517,062,823. 64
498, 490, 484. 64
37,523,774.92
4,342,374.67
6, 078, 894,617.69
69,744, 237.53
31,232, 267.75
34, 250, 290.00
54,126,345.87
3,085,024.40
26, 562, 259. 66
136,055,212.70
9,642,443. 73
49,911,000.00
3, 285, 436. 29
11,492,452,722.38

Dec. 31
(7,581 banks)
$1, 065, 951, 505.00
726, 935, 755. 25
281, 924, 667. 96
848,806, 773.50

48, 932.32
*29,306, 505.17
1,840,416,214.68
20,334, 471.83

5,175,140. 032.45
1,171,222,217.91
34, 586, 272. 43
26,308,909.94
774,066.75
35, 586, 864. 95
96,855,492. 53
2,887,335.00
11,357,086,017.67

TABLE NO. 58.—Aggregate resources and liabilities of national banks from January, 1914, to September, 1925
1915
In thousands of dollars

Mar. 4

(7,599 banks)

June 23
(7,605 banks)

Sept. 2
(7,613 banks)

$6,643, 887, 951. 95
5, 904, 374. 54

$6, 659, 971, 463.44
5,173, 586. 07

$6, 756, 680,004.10
5,060, 626.77

7, 233, 929
7,211

7,357, 732
6,709

783,994, 426.03

783,453, 730.42

781,726,220.41

777, 765

774, 639

May 1
(7,604 banks)

Nov. 10
(7,617 banks)

Dec. 31
(7,607 banks)

RESOURCES

$6,499,964, 605.26
Loans and discounts
7,046> 534.16
Overdrafts
733,138,268.64
United States bcsnds to secure circulation
Total United States bonds
44,160, 285.13
Miscellaneous securities to secure circulation
41, 829, 758. 3Q
United States bond to secure United States deposits
78, 887, 896. 00
Other bonds to secure United States deposits.,
3,670, 569. 76
United States bonds on hand
2,555,314.22
Premiums on United States bonds
1,056,388,707.62
Bonds, securities, etc
Other bonds, securities, etc
-.
77,463,940.79
Stocks
,_._
Stocks other than Federal reserve bank stock
Stock of Federal reserve bank
Banking house, furniture and
fixtures
.,
272,436,174.50
Banking house
,
_._
Furniture and fixtures
43,772, 597.11
Other real estate owned
Due from Federal reserve bank___
„_
290,678,432.15
747,156, 893. 66
Due from approved reserve agents
598,816, 796.92
Due from banks and bankers—,
,„
18,361,862.09
Cheeks on, banks in same place
_
194,977,980.69
Exchanges for clearinghouse- „_
_,_
22, 566, 644. 58
Outside checks, cash items, etc
__.
60,961, 750. 00
Bills of other national banks.. _
3, 698, 200. 00
Federal reserve notes
591,852t 399.40
Specie
127,091,112.00
Legal-tender notes
_
36,500, 616. 60
Five per cent redemption fund
,7,686*564.99
Due from Treasurer United States
Redemption fund and due from Treasurer United States.
5,182,100.00
Bonds loaned
.
Customer's liability under letters of credit
Customer's liability account of acceptance
Other assets
. ___
Total
11, 566, 846,004. 57




W
a

a
1,158,108,945. 79
85,762,039.33

1,191,127,717.22
93,787,521.06

1,219,214, 503. 87
92,594,892.32

269,417,032.84

277,804,754. 22

278,392,205.47

49,487, 321. 08
29Q, 412, 690.11
748,541, 471. 73
565,792,955. 73
41,948,205.55
335,128,23& 93
30,242,625.09
50, 747, 743. 00
3, 652, 635. 00
607,249,414.29
127, 999, 550. 00

43, 971, 595. 32
312,657,647.43
737,894, 995.04
538,425,712.84
16,409,445,98
213,005,965.71
20,870, 932.37
61, 557, 498. 00
6, 418,130. 00
678, 540, 967.99
111, 240, 250. 00

44,077,373.12

43,373,243. 77

1, 343, 8 22

1, 375,149

11, 795, 685,156. 88

251,551
31,424
45,122
403,985
834, 392
698,921
38,588
449, 828
43,809
63, 933
10, 669
689>762
118,117

41,392,715.64

42,535

45,939

52, 321, 053. 57
16, 461, 341. 58
15, 579,155. 05
11, 842, 354, 995.11

43,953,871.52
315,409,198, 79
811,379, 5 i a 47
597,832, 441,63
21,792, 640,87
287,289,183.13
23,003,077.40
57, 618, 958. 00
6,779, 935. 00
719, 843, 506. 62
122, 765, 379. 00

89, 273
53,518
249,288
31,808
44,113
366,185
895,830
707,394
23,189
847,418
33,585
62,446
11,160
731,797
114,978

74,195
37, 435
7,457

86,212
39,764
7,917

12, 267, 090, 429. 00

13, 236, 331

13,467, 887

40,036
53,689

o

8
a
d
w
Q

3

CO

to

TABLE NO. 58.—Aggregate resources and liabilities of national banks from January, 1914, to September, 1925—Continued

fcO
fcO

1915—Continued
In thousands of dollars
M»r.4
(7,599 banks)

Mayl
(7,604 banks)

Jun« 23
(7,605 banks)

Sept. 2
(7,613 banks)

Nov. 10
(7,617 banks)

Dec. 31
(7,607 banks)

1

LIABILITIES

Capital stock paid in
Surplus fund
Undivided profits, less expenses and taxes..
National-bank notes outstanding
State-bank notes outstanding_
Due to Federal reserve bank
Due to approved reserve agents
Due to banks and bankers
_
Dividends unpaid
__
>
Demand deposits
Time deposits
_..
United States bonds borrowed-_
.
Other bonds borrowed.
_
Securities borrowed
_
Notes and bills rediscounted
Bills payable
Letters of credit
Acceptances based on imports and exports _.
Liabilities other than those above stated
Total..




$1,066,689,307.50
724,307,901.61
288,682,310.67
746,517,138.75

$1,065,891,977.50
719,329,463. 39
293,683,'959. 21
727,793,361.50

$1,068,519,105.00
722,089,210.17
314,755,321. 77
722, 703,856. 50

6,345.35
7,090,458.56
2,236,647,932.10
1,332,887. 56
5,149,701, 825. 27
1,199,188, 335. 32

8,093. 56
6,415,996.67
2,220,110,108.38
3,932,185.98
5,407,211,478.11
1,254,369,875.46
33,536, 806.11
8,132, 515.48
78,049.49
37,568, 342. 27
52,965,176.96

500.36
6,289, 592. 84
2,201,716,024.16
1,953, 817.90
5,325,853,421.84
1,285,428, 400. 06
33,336,164.20
8,436,963.18
98, 556.99
39,918, 987. 31
58,200, 677.00

5,650,814. 64

11,327,605.04

6,384, 557. 60

$1,068,863,507.70
722,577,738. 63
300,018,297.47
718,496,591.50
22,860.00
39,855. 20
6,407,832. 20
2,459,607,984.33
1,277,906.28
5,426,610,208.84
1,335,572, 505. 70
33,822, 390.00
5,997, 557.42
84,983. 65
45,550,405. 57
60,169, 307.64
55,137,152. 61
13,077, 388. 22
13,755,956. 04

11,566,846,004.57

11,842,354,995.11

11,795,685,156.88

12,267,090,429.00

33,602,940.00

11,549,476.41
317,943. 54
38,534,087.67
57,126, 299.62

1,068,649
722,877
317, 236
713,467
23
20
7,287
2, 702,366
1,624
6,070, 219
1,375,956
32,151
4,999
76
42,888
60,567
75,471
26,808
13,647

1,068,049
725,554
294,267
713,314
23
8
11,256
2,727,168
22, 695
6,223,842
1,417,417
31, 775
4,735
73
42, 530
55,886
87, 859
31, 985
9,451

13,236, 331

13,467, 887

a
o
o
K

o

P
w
O

9

O
}

REPORT OF THE COMPTROLLER OP THE CURRENCY

323

TABLE NO. 58.—Aggregate resources and liabilities of national banks from January,
1914, to September, 1925—Continued
1916
[In thousands of dollars]
Mar. 7

(7,586
banks)

May 1
(7,578

banks)

June 30
(7,579
banks)

Sept 12
(7,589
banks)

Nov. 17
(7,584

Dec. 27
(7,584
banks)

BESOUBCES

Loans and discounts l
7,490, Oil 7, 606, 428 7, 679,167 7,859,837 8, 345, 784 8,340,626
6,994
5,493
6,168
Overdrafts
9,317
10,403
Customers' liability under letters of credit. 102,386 100,326
83, 761
77! 512
29,001
32,443
43,829
Customers' liability account of acceptances
59,072
77,879 101, 581
66,034
98,192
753, 913 738, 830 731, 205 729, 777 724,473 716,950
United States bonds
Other bonds, securities, etc
-. 1, 464, 787 1, 525, 567 1, 527,832 1, 624, 627 1, 709,956 1,725,347
Stocks other than Federal reserve bank
39,979
40,075
39, 272
stock.39,366
37,
39,144
53, 628
Stock of Federal reserve bank
53, 701
54,126
53, 651
53,923
54,112
252, 982 255, 378 255, 977 259, 427 261,464 262,489
Banking house
31, 505
32,068
31,800
31,654
31,908
Furniture and
fixtures.
32,392
47,320
48,221
47, 787
47, 736
47, 627
Other real estate owned
--.
48,064
1, 022, 642 954, 822 843,390 936, 339 1,035,107 945,812
Due from approved reserve agents
772, 979 766,200 694,926 780,600 983, 659 898,890
Due from banks and bankers
__.
319,430 596,895 444,033 392, 684 516,705 402,591
Exchanges for clearing house_.22, 874
28,292
42, 435
Other checks on banks in the same place..
36,007
25, 570
28,386
30, 019
37, 233
45,972
Outside checks and other cash items
41,884
32, 817
38,550
61,908
56,003
Notes of other national banks
59,196
54,120
62,238
77,049
1,377
1,634
Federal reserve bank notes
2,083
3
3
12,549
8,940
9,077
Federal reserve notes
7,480
13,190
16,623
708, 780 663,565 640, 479 663,022
Coin and certificates
677,099
124,833 113,890 117, 524 105,101 101,496 108,847
Legal-tender notes
431,195 428,191 476,103 531,028 649,171 707,497
Due from Federal reserve banks
Bedemption fund and due from United
41, 730
40,850
States Treasurer
42, 346
43,024
43,851
48,301
8,544
4,614
Other assets
..
14,912
15,246
21,652
7,518
13, 833, 68114,195, 595 13,926,868 14,411, 537 15, 520,205 15, 333, 552

Total.
LIABILITIES

Capital stock paid in
Surplus fund
Undivided profits, less expenses and taxes
paid.
Amount reserved for taxes accrued
Amount reserved for all interest accrued..
National-bank notes outstanding
Due to Federal reserve bank
Due to approved reserve agents
Due to banks and bankers
Dividends unpaid
Demand deposits
.-.
Time deposits
United States bonds borrowed
Other bonds borrowed
Securities borrowed
Notes and bills rediscounted
Bills payable, including obligations representing money borrowed
Bills payable, other than with Federal reserve bank
Bills payable, with Federal reserve bank..
State bank circulation outstanding
Letters of credit and traveler's checks outstanding3.
Acceptances4
Liabilities other than those above stated.. _
Total.
Liabilities for rediscounts, including those
with Federal reserve bank
...
1

1,067,289 1,067,481 1,066,049 1,0G7,565 1,071,116 1,070, 793
724, 664
724,697
731,389
731, 409
739,336
744, 653
306, 614

317,473

305,850

682,245
676,116
695,835
2
11
7,842
9,383
10,184
3,066, 233 2,985,959 2, 702, 756
1,300
3,960
21, 099
6, 221, 226 6, 549, 583 6,473, 361
1,495,153 1. 586, 435 1, 669, 687
27,948
27, 538
27,053
4,437
4,133
4,856
178
115
180
31,489
31,083
33,286

317,050
332,458
343,139
9,274
9,556
9,453
7,568
9,424
9,586
674,115
665, 259
666,409
17
3
5
7,134
9,124
12,686
2,908, 512 3, 339, 628 3,248,929
1,029
1,390
2,184
6, 708, 883 7, 322, 688 7,148,302
1,736, 766 1,816, 446 1,854,740
26, 359
26,588
25,985
3,984
4,513
5,070
322
145
458

30,873

32,231

35,332

38,499

23

23

23

23

24,539
578
23

27,008
8,123
23

105,171
42, 677
10,597

102,653
59,836
9,886

85,943
69, 303
14,401

81,182
76,608
14, 709

31,372
98,231
18,317

35,009
100,342
20,655

13,838,68114,195, 595 13,926,868 14,411,537 15, 520,205 15,333,552
53,394

48,554

54,627

Commencing Sept. 12,1916, notes and bills rediscounted not included in loans and discounts, but shown
as2contingent liabilities.
Includes Federal reserve bank notes.
8
Prior to May 1 this item read "Letters of credit."
4
Prior to Nov. 17 this item read "Acceptances based on imports and exports.*?




324

OF THE COMPTROLLER OE THE
NO. 58.—Aggregate resources and liabilities of national banks from January^
1914, to September, 19%5—Continued
1917
[In thousands of dollars]
Mar. 5
(7,581
banks)

Mayl
(7,689
banks)

June 20
(7,604
banks)

Sept. 11
(7,038
banks)

Nov. 20
(7,066
banks)

Dec. 31
(7,662
banks)

BESOtTKCfiS

Loans and: discounts
OverdraftsCustomers? liability Under letters of credit.
C ustomers!liability account of acceptances
United:States bonds.*-.....;-..--..—-•
-Payment on account subscription for Libt y l of ne fd e .
Liberty loan bonds
___
_
©thet bonds, securities, etc..
Steel other than Federal reserve bank
stock...
Stock of Federal reserve banks
Banking house
-,-_._._..
__
Furniture and fixtures.^--*
e t h e r real estate owned
B>ae from Federal reserve banks
Lawful reserve with Federal reserve banks.
Kerns with Federal reserve &anfes in process of collection
—
Motes of o t i w national banks
Federal reserve bank notes
.-.._-__
Federal reserve notes.
Coin and certificates^.—.
LegaL-tender notes
Gash,in vault. _
,
.
Net amount due from;national banks.
B « e from approved reserve agent.
Net amounts due from other banks, bankers, and trast companies _
-*
Exchanges for clearing house
.
Checks on other banks in the same place.
Outside checfes and other cash items.
Redemption fund and; due from U. S.
Treasurer
Interest earned but not collected._
Other assets.
_
-__
Total.
______

8,712,862 8,751,679 8,818,312 ), 055,248 9,535, 527
8,069
9,619
9,607
15, 044
7,666
21,135
24,512
23; 43$
26,944
26,703
105, 653
135, 734 1 132, 948
147, 992
94, 421
768,114 * 905,127
941,082 1,651,262
714,523

15,073
25,052
211, 458
01^903

171,129
217,900
702,921
609, 626
1,770,083 1,856,983 1,843,047 1,863,621 1,906,782 1,870,967
39,074
54,695
266, 880
32,179
47, 212
761,995

54,827
269,947
32,594
46, 656
820, 584

61, 352
2,049
17, 08Q
705, 998
107,994

59,734
1,617
16, 376
659, 501
103,828

65, 657
2*248
22, 973
556, 686
105,147

1,077,727

948,009

827,943

939,054
419, 204
30, 919
37,906

890,592
578,145
58,564
45,878

809,233 3 341,412
445,471 401, 742
39, 647
47,958
36,335
37,031

39,182
54,329
262,815
31, 798
48, 277
750,202

42,134
55,480
272,190
32,611
46, 273

42,837
273,941
32,917
46, i r

41,730
55,933
273,695
32,298
46; 063

1,046,102 1,077,701 1,110,204
126,708

493,609
1, 292,192

165,118

158,658

516,120 53-V126
36959i 1,42§,O10
400;593
399, 974
43, 615
42,689

43,498
40,407
39,547
41,363
31, 981
27, 431
25, 779
25,884
18,304
23, 721
15, 979,122 16,144,403 16,151, 040 16,543,499 IS,-553,197
41,199

377,576
655,037
72,589
59,664
42,649
17,121
31,045

LIABILITIES

Capital stock paid in
___
Surplus fund.
.._
Undivided profits, less expenses and taxes
paid
._
Interest and discount collected but not
eariied---:...
Amount reserved for taxes accrued.
Amount reserved; for all:interest accrued...
National-bank notes outstanding.
Due to Federal:reserve banks
Due to approved reserve agents
Net amounts due to national banks
Net amounts due to other banks, bankers,
and trust companies
Dividends unpaid
^
Demand deposits
Time deposits
_
United States deposits
Postal-savings deposits
United States bonds borrowed
Other bonds borrowed•„....
Securities borrowed
Bills payable* other than with Federal
reserve banks
___.
Bills payable with Federal reseryo banks.,
State bank: circulation outstanding
Letters of credit and travelers' checks
outstanding
Acceptances
Liabilities other than those above stated..
Total...
Liabilities for rediscounts, including those
with Federal reserve banks
1

1,073,875 1,079, 669 1,082, 779 1,090,318 l,.082,2O7 1,092,606
774,575
754, 621 761, 654
769,050
7£23€7
784*065
317,412
5,862
8,562
661,157
8
7,873

329,712
7,772
10,997
656,100
1

8,579

353,407
7,
II, 405
660,431
48
11,233

354,023
11, 569
10,142
665, 642
3,757

323,126
3^52©
14,434
13,530
669, 662
4*223

28,926
15,721
9,880
674, 254
3,180

1,196,330 1,257,587 1,288,7*.

3,675, 384 3,370, 558 3,014,333 1,848,463 1,845; 707 1,901,803
1,155
4,741
2,464
7,289,110 7,618,011 7,431,029 7,679,370 8,056,948 8,436,395
1,984, 650 2,078,448 2,090, 619 2, 295, 982 2, 281, 865 2,,298,282
1,352,006 517,315
« 132,965
6 89,142 210,395
28,445
110,190
26, 871
32,758
65,415
4,904
4,949
65,674
17,661
33,591
182
77
363
276
347
17,660
2,999
23

25,460
8*827
23

48,926
184,736
23

51,880
63,790
17

29,476
23,620
36,752
27,082
101, 485
110, 549
144,414
138, 231
16,151
15, 913
45,175
31,076
15, 979,122 16,144,403 16,151,04016, 543, 499 18,
49,068

58,027

139,3€6

169,434

57,200
295,532
17

67,183
199,249
17

39,688
37,639
153, 645
217,190
58,901
45,130
553,197 18,073,308
247,213

475,416

Includes United States certificates of indebted* Included with demand deposits.
ness and excludes Liberty loan bonds.
8 Prior to June 20, 1917, included with demand
2
Included under heading " Cash in vault."
deposits.
3
6
This item formerly included amounts due from
Included with time deposits.
national banks
 other than approved reserve agents.



REPORT OP THE COMPTROLLER OF THE CUESEKCY

325

TABLE N O . 58.-~-Aggregateresources and liabilities of national hanks from

January\

1914, to. September, 1985—Continued
[In thousands of dollars]
Mar. 4
(7,670
banks)

M a y 10
(7,688
banks)

June 29
(7,705
banks)

Aug. 31
(7,728
banks)

Nov. 1
(7,754
banks)

Dec. 31
(7,767
banks)

RESOURCES

Loans and discounts
-•_—
fy 139, 2259,260,041 9,620,402 9,493,666 10,096,9401 9,918,294
Overdrafts:
___
_. .,
—
13,586
11,662
12,497
14,306
16,8141 1;2,968
Customers' liability under letters of credit.
25,022
23,324
16,284
15,275
12,563
13,204
Customers' liability account of acceptances.
_-____._.
222,176 239j 102 221,397 231,673 310,593 291,502
United States bonds,, other than Liberty
loan bonds-*_
____-_.
1,645,118 1,796,194 1,386,251 1,787,378 1,781,993 1,735,889
475, 531 861, 329 730, 534
Liberty loan bonds
668,048 3,374,319 1, 213,9891,815,340 1,757,588 1,740,845 1,695,070 1,660,465 1,683,071
Other bonds, securities,, etc
S&fcs> other than Federal reserve bank
sfofcfc
42,412
42,753
39,213
47,461
48*177
Sloefe of Federal reserve banks
56, 756
56,219
56,982
57,259
57,427
58,100
Banking: house
276,502 277,315 277,941 280,615 282,012 281,904
Furniture and fixtures.
33,340
32,689
33,495
34, 027
34,653
34,518
Otnet real estate owned.
45, 871
45, 639
46,306
46,642
46, 765
45,034
Lawful reserve with Federal reserve banks. l,07i;i55
1,129,557 1,111,432 1,099,208 1,180,163
Items with; Federal reserve Bankstoprocess o& colJeetion
171,876 172,451 183,892 196,315 260,425 286,384
449,719 463,494 382,701 364,136 443,828 522,063Net amount duet from national banks
1,441, ~ 1,162,750 1,147,877 1,196,409 1,177,169 1,303,145
Net amount due from other banks-, bankers, and trust companies
388,693
314,536 331,387 356,137 349,385
Exchanges for clearing house
509, 539 435,926 310,227 293, 572 533', 435 816,455
Chec&s on other, banks in the same place..
42,973
68,718
52,318
46,545
46,262
69,877
Outside checks and other cash items
64,037
44,206
57,698
52,080
51,697
71,320
^Redemption fund and due from U. S.
Treasurer.-. __.
..—_..
.._ „
41.984
39,271
39,064
39,637
40,011
45,596
Interest earned but not collected
14,261
14,335
12,683
13,558
12,987
34,817
War-savings certificates- and; thrift stamps
actually owned.
5,955
12,498
5,440
10,180
10,842
6,516
Other assets-.___-_.
21,524
15,052
30,427
20,869
24,288
20,569
Total.

18,014,91118,249,90J 17,839,, 502 18,043, .605 19,821,404 20, 042,224
LIABILITIES

Capital stock paid in
_
Sttfiplus fund..__
. .
_
Undivided profits, less expenses and taxes

1,094,338 1,096,932 1,098.556 1,101,839 1,107,760 1,109,735
801,165 808,143 809,138 813,769 820,663 845,282
332,326

Interest and discount collected but not
earned
-._•_._.
26,565
Amount reserved for taxes accrued
17,481
Amount reserve&.for ail interest accrued- _
10,761
National-bank: notes outstanding
,_.
672,161
Due to Fedierai reserve basnfes
3,263
Net amount, due to national banks,
4 $ IS*
N e t amount due to other banks^ bankers,
and" trust corapanies
1,949, 785
Demand deposits
_. 8,084,146
Time deposits.
,
2,370,679
United States deposits _
682, 712
United States bonds borrowed
66, 795
Other bonds borrowed26,534
Securities borrowed
814
Bills payable,, other than with- Federal
reserve banks'
44,130
Bills payabfe with Federal reserve banks..
191,229
State bank circulation outstanding.. _17
Letters of credit and travelers' checks
37,138
outstanding—
,
230,164
Acceptances
.
- _.
Time; drafts outstanding... _...
1,516
23,008
Liabilities other than those above stated...
TotaL
Liabilities for rediscounts, including those
with Federal reserve banks _ _ _
1

365,937

1,743,134
8,094,686
2,342,747
1,060, 086
77,865
29, 781
2,014

377,875

1,695,642 1, 775,820
7, 838,150 8,095, 749
2,343, 589 2,397,491
1,037.787 506, 583
104,711
102; 620
19,984
27, 578
922
2,078

1,766,059 1,917, 775
8, 640,818 9, 460, 577
2,.372r512 2,473, 868
1,136,884 313, 381
228,401 184,929
15,138
12,279
400

59,839
315,124
19

84,467
283,367
19

90,813
600,051
19

78,705
859,132
19

61,564
817,264
19

32,441
250, 323
2,439
95; 917

26,240
231,805
2,931
66,905

24,785
243,772
3,997
49> 651

23,640
332,719

21,691
305,101
6,419
140,104

163- 925

8*014,911 .8,249,905 7, 839, 502 18, 043, 605 9, 821,404 20, 042, 224
421,537

469,208

Includes United States certificates of indebtedness owned,-




342,093

27,279
27,857
29,396:
27,865
48,879
22,484
18,363
31,524
21,1-18
38,098
12,354
14,348
14,169
10,700
11,956
680; 445 681, 631 674,201 675,698 676. 827
6,042
10,076
4y691
5,522
8,911
t, 139,776 1,100,919 1,104,074 1,125,124 1,248,569

515,

603,141

629; 154

502,007

326

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 58.—Aggregate resources and liabilities of national banks from January,
1914, to September, 1925—Continued
1919
[In thousands of dollars]
Mar. 4
(7,761
banks)
RESOURCES

May 12
(7,733
banks)

June 30
(7,785
banks)

Sept. 12
(7,821
banks)

Nov. 17
(7,865
banks)

Dec. 31
(7,890
banks)

9,691,187 9,904,82110,574,838 11,085,462 11, 560, 242
11,786,227
Loans and discounts
15,131
23,116
13,881
12,421
14,053
17,044
Overdrafts.
_
--4,592
4, '"'
1,708
2,336
3,021
7,690
Customers' liability under letters of credit263,108 217,819 260,486 308,049 343,008
Customers' liability account of acceptances
United States bonds, other than Liberty
loan bonds *
_
- 2,652,354 3,024, 588 1,722,394
1,029,253 1,003,522 1,449, 518
Liberty loan bonds
United States Government securities
3, 296, 593 2,881,881 2,723,493
owned *
1, 701,025 1,743,005 1,767,038 1,806,595 1,870,103 1,874,028
Other bonds, securities, etc
Stocks, other than Federal reserve bank
52,148
51,873
47,614
47,353
49,503
49,606
stock
61,426
58,729
59,068
58,393
60,473
61,584
Stock of Federal reserve banks
295,932 300,394
282,492 286,916 287, 598
Banking house
35,854
36,156
38,993
37,519
39,259
34,943
Furniture and
fixtures
__.
45,883
45, 853
46,355
47,813
43,485
45,262
Other real estate owned __
1,149,100 1,179,080 1,208,969 1,227,341 1,262,339 1,312,112
Lawful reserve with Federal reserve banks.
Items with Federal reserve banks in proc273,383 291,397 287,415 377,861 476, 37; 456,595
ess of collection
._.
435,839 455,369 424,455 439,211 450,041 508,605
Cash in vault.
1,296,659 1,256,325 1,205,779 1,268,627 1,433,555 1,350,320
Net amount due from national banks
Net amount due from other banks, bank344,554 337,108 375,300 439,049 533,669 493,360
ers, and trust companies
479,040 686,831 754,504 610,331 829,784 960,531
Exchanges for clearing house
52,652
90,190 102,274
49,457
68,765
62,034
Checks on other banks in the same place._.
82,642
59,594
77,873
72,945
52,463
58,644
Outside checks and other cash items
Redemption fund and due from U. S.
38,716
41,516
37,864
38,604
40,364
45,703
Treasurer..
_
45,109
46,9ir
47,673
41,598
45,262
46,206
Interest earned but not collected
War savings certificates and thrift stamps
4,402
5,113
4,613
actually owned
()
27,685
61,949
23,003
27,815
42,680
48,430
Other assets
___
20,017,760 20,824,991 20, 799,550 21,615,416 22,444,992 22,711,375
Total
LIABILITIES
Capital stock paid in
1,106,550 1, 111, 501 1,118,603 1,137,970 1,153, 752 1,158,259
902,905 921,335
Surplus fund
854,433 859,603 872,226
Undivided profits, less expenses and taxes
paid
_
358,753 387,956 372,649
414, 706 437,395 376,707
Interest and discount collected but not
60,827
earned.-.
_
54,338
55,804
58,014
60,780
55,116
45,987
41,141
40,127
Amount reserved for taxes accrued
39,337
44,886
40,658
14,257
Amount reserved for all interest accrued. _.
19,550
16,592
14,323
17,149
13,794
National-bank notes outstanding
673, 923 676,859 677,162 681, 589 680,879 685,769
Due to Federal reserve banks
12,865
14,268
7,867
10,912
13,508
6,724
Net amount due to national banks
__. 1,233,456 1,197,673 1,134,918 1,208,451 1,357,459 1,273,849
Net amount due to other banks, bankers,
and trust companies.
1,958,105 1,886,836 1,839,158 1,845,041 1,998,993 2,062,659
Certified checks outstanding *_
159, 339 269, 374 275,106 217,125 296,795 318,828
Cashier's checks outstanding *_
138,672 179,859 206,846 206,012 215,933 284,645
Demand deposits
8,558,384 9,103, 534 9,106,192 9, 751,533 10,260,33010,325,162
Time deposits
_
2,652,666 2, 729, 245 2, 784,940 2,921,034 3,053,685 3,139,542
United States deposits
591,318 530, 551 566, 793 518,903 270,390 448,863
United States Government securities borrowed 6
171, 205 168,271 2 233, 738
190,163 167,328 182,765
Other bonds borrowed
5,547
5,062
6,193
5,956
Securities (other than United States or
other bonds) borrowed
31
473
504
59
97
510
Bills payable, other than with Federal
reserve banks
56,199
47,698
57,177
47,229
58,284
50,640
Bills payable with Federal reserve banks.. 1,014,629 1,152,291 991,117 1,013,966 1,005,956 881,134
State bank circulation outstanding
58
19
58
19
19
58
Letters of credit and