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ANNUAL REPORT OF THE
Comptroller of the Currency
FOR THE YEAR ENDED
OCTOBER 31, 1934
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1935
For sale by the Superintendent of Documents J^ashington, D.C.
Price. $1.50 (Cloth)
TREASURY DEPARTMENT
Document No. 3068
Comptroller of the Currency
Page
Submission of the report
1
Discussion of conditions incident to the banking holiday
1-7
Suggestions for legislation
7-15
National banks in the trust field:
Statement relative to
17, 18
Fiduciary activities of, during year ended June 30, 1934, segregated
according to capital
19, 20
Fiduciary activities of, during year ended June 30, 1934, segregated
according to population of places in which banks were located
20-23
Fiduciary activities of, by Federal Reserve districts, June 30, 1934__
24
Classification of investments in living and court trust accounts under
administration by the active national-bank trust departments, on
June 30, 1934, segregated according to capital of banks and population of places in which banks were located
25
Classification of investments in living and court trust accounts under
administration by the active national-bank branches with trust
departments on June 30, 1934, segregated according to population
of places in which branches were located
26
Fiduciary activities of branches of national banks during year ended
June 30, 1934, segregated according to population of places in
which branches were located
27, 28
National-bank failures:
Statement relative to
29-31
Receiverships, year ended October 31, 1934
31, 32
Receiverships, 1865-1934
33, 34
Active receiverships as of October 31, 1934
34, 35
Receiverships terminated, year ended October 31, 1934
35, 36
Receiverships terminated, 1865-1934
36, 37
Total liquidation operations, year ended September 30, 1934
37, 38
Summary showing progress and results of liquidation of all national
banks placed in charge of receivers from 1865 to October 31, 1934.- 38, 39
Capital, date of appointment of receiver, and percent of dividends paid
by insolvent national banks, the affairs of which were closed or
restored to solvency during year ended October 31, 1934
40-42
State bank failures in the District of Columbia:
Receiverships, year ended October 31, 1934
43, 44
Active receiverships as of October 31, 1934
44
Unlicensed national banks:
Status as of March 16, 1933
44, 45
Administration of unlicensed national banks, January 1 to October 31,
1934
45,46
Administration of unlicensed national banks, March 16,1933, to October 31, 1934
47, 48
Organization and liquidation of national banks, year ended October 31,
1934, and since establishment of system
49-51
Organization of banks other than national in District of Columbia:
Industrial Bank of Washington
51
Executive order authorizing formation of Export-Import Bank of
Washington
51-53
Executive order authorizing formation of Second Export-Import Bank
of Washington, D. C
53-55
Branches of national banks:
Statement relative to
55
Number and kind of branches on February 25, 1927, and number and
manner of acquisition of additional branches, by years to close of
October 31, 1934
56
Number and kind of branches authorized and closed during year ended
October 31, 1934
56
in
rv
CONTENTS
Branches of national banks—Continued.
Number and manner o:: acquisition of domestic branches during year
ended October 31, 1£34, by States
Number and class of domestic branches closed during year ended October 31, 1934, by States
National-bank circulation:
Statement relative to
Statement of capital stock of national banks, national-bank notes,
and Federal Reserve oank notes outstanding, bonds on deposit, etc.,
July 2, 1934
Bond transactions relative to, year ended October 31, 1934
Banks issuing and not :ssuing circulation June 30, 1934
Redemption of national and Federal Reserve bank circulation, year ended
June 30, 1934
Condition of national banks at date of each call during year ended October
31, 1934
Principal items of assets and liabilities of national banks, October 17, 1934_
National-bank liabilities on account of bills payable and rediscounts at
date of each call during year ended October 31, 1934
Loans and discounts of national banks:
Classification of, June 30, 1932, 1933, and 1934
Classification of, by reserve cities and States, June 30, 1934
Comparative statement of, as of June 30, for the last 3 years, in
central reserve and other reserve cities, all reserve cities and
elsewhere
Comparative changes in demand and time deposits, loans and discounts,
United States Government and other bonds and securities owned, and
the amount of reserve of national banks with Federal Reserve banks
since June 30, 1930
United States Government securities and securities guaranteed by United
States as to interest and/or principal, reported by licensed national
banks:
Classification of, by reserve cities and States, June 30, 1934
Investments of national banks:
Comparison of, June 30, 1932, 1933, and 1934
United States Government, domestic, and foreign bonds, securities, etc.,
held by licensed national banks:
Classification of, by reserve cities and States, June 30, 1934
Earnings and dividends of national banks:
Summary of, year ended June 30, 1933, and 6 months ended December
31, 1933
.
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 owned and loans and discounts, years
ended June 30, 1918 to 1933, and 6 months ended December 31, 1933__
Number of national banks, capital, surplus, net addition to profits, dividends, and percentage radios, 'years ended June 30, 1914 to 1933, and 6
months ended December 31, 1933
National banks classified according to capital stock, December 30, 1933:
Number, loans and discounts, investments, total assets, capital, surplus and undivided profits, circulation outstanding and total
deposits of
Federal Reserve banks:
Assets and liabilities of the 12 Federal Reserve banks combined, as of
the last weekly statement date in October 1932 to October 1934
Principal assets and liabilities of the 12 Federal Reserve banks combined, on the last weekly statement date in each month, from
January 1932 to October 1934
New York Clearing House:
Statement relative to transactions of, year ended September 30, 1934_
Clearing-house associations in the 12 Federal Reserve bank cities and elsewhere:
Statement relative to transactions of, year ended September 30, 1934_
Page
p
57, 58
59, 60
60, 61
61, 62
62, 63
63
64
64-66
67, 68
69
70
71-75
76
76
77-81
82
83-87
88-89
89
90
91
91
92
93
93
CONTENTS
V
All active licensed banks, June 30, 1934:
Page
Summary of reports of condition of, by classes of banks
94-96
Assets and liabilities of, by States
97-105*
Assets and liabilities of, June 30, 1930 to 1934
106
Principal items of assets and liabilities of, in the continental United
States, as compared with similar data for member banks of the
Federal Reserve System
107
Per capita demand and time and savings deposits, by States
107, 108
Savings desposits and depositors, according to classes of banks, by
States
109-114
National banks, assets and liabilities of, June 30, 1930 to 1934
115
Banks other than national:
List of officials of State banking departments and number of each
class of licensed banks under their supervision in June 1934, from
which reports of condition were received
116, 117
Assets and liabilities of, June 30, 1930 to 1934
118
State (commercial), assets and liabilities of, June 30, 1930 to 1934__. 119
Loan and trust companies, assets and liabilities of, June 30, 1930 to
1934
120
Stock savings:
Assets and liabilities of, June 30, 1930 to 1934
121
Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1933 and 1934_. 122
Mutual savings:
Assets and liabilities of, June 30, 1930 to 1934
123
Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1933 and 1934__ 124
Stock and mutual savings, number of savings depositors, amount of
savings deposits, and average amount due each depositor, June 30,
1914 to 1934
.
125
Private:
Assets and liabilities of, June 30, 1930 to 1934
126
Statement relative to, not under State supervision, and required
under section 21 (a) of the Banking Act of 1933 to report to
Comptroller-.
126, 127
Banks in District of Columbia:
Assets and liabilities of, by classes, June 30, 1934
127-129
Assets and liabilities of national banks in, June 30, 1930 to 1934
130
Assets and liabilities of loan and trust companies in, June 30, 1930 to
1934
131
Assets and liabilities of savings and State banks in, June 30, 1930 to
1934
132
Number of depositors and amount of deposits in, according to size and
class of deposit balances, October 25, 1933
132, 133
Dormant accounts, etc., in, October 25, 1933
133
Earnings and dividends of, other than national, 6-month periods
ended December 31, 1933, and June 30, 1934, and comparison of, in
years ended June 30, 1933 and 1934
134, 135
Building and loan associations in District of Columbia:
Statement relative to
135
Number of, loans, installments on shares, and total assets, years
ended June 30, 1914 to 1934
136
Credit unions in District of Columbia, list of
136, 137
Export-import banks in—
Statement relative to
137
Assets and liabilities of, October 17, 1934
138
Building and loan associations in the United States:
Statistics relative to, by States, year ended 1933
138, 139
Mortgage loan investments held by, in 1932 and 1933, by States
139
Failures of, each year, 1920 to 1933
140
Money in the United States:
Stock of, years ended June 30, 1914 to 1934
140
Imports and exports of merchandise, gold and silver, calendar years
1914 to 1933, and from January 1 to September 30, 1934
141,142
Governmental corporations and credit agencies of the United States, consolidated statement of assets and liabilities of, September 30, 1934
143, 144
Reconstruction Finance Corporation, statement of condition of, September
30 1934
145-148
VI
CONTENTS
Farm Credit Administration:
Page
Consolidated statement of condition of, October 31, 1934
149, X50
Federal land banks, consolidated statement of condition of, September 30, 1934
150
Federal intermediate credit banks, consolidated statement of condition of, September 30, 1934
151
Joint-stock land banksi, statement relative to
151, 152
Federal Home Loan Bank System:
Consolidated statement of assets and liabilities of, October 31,1934_ 152, 153
Home Owners' Loan Corporation, summary of operations of, from
date of organization to close of business November 29, 1934
153, 154
Federal Deposit Insurance Corporation:
Preliminary condensed balance sheet, June 30, 1934
154
Preliminary condensed statement of net operating expenses and losses
to June 30, 1934
155
Preliminary statement of statistical data, with respect to
155
Insured accounts and insured deposits, by States, for insured commercial banks as of October 1, 1934
156
Preliminary summary of certified statements to, as of October 1,1934_ 157
Number of depositors and amount of deposits in national banks, according
to size and class of deposit balances, October-25,1933
158-160
Dormant accounts, etc., in national banks, October 25, 1933
158-160
Pacific National Agricultural Credit Corporation, statement of assets and
liabilities of, October 17, 1934
160
United States Postal Savings System:
Statistics relative to activities of, years ended June 30, 1933, and
1934
161-166
School savings banking:
Statistics relative to, in each State, in school years 1932-33 and
1933-34, and summary each school year since 1919-20
167, 168
Expenses of the Currency Bureau:
Summary of, in the fiscal year ended June 30, 1934
169
APPENDIX
TABLES
Page
No. 1. Comptrollers and Deputy Comptrollers of the Currency
173
No. 2. Names and compensation of officers and clerks in the Office of the
Comptroller of the Currency, October 31, 1934
173-175
No. 3. Number of national banks organized since February 25, 1863,
number passed out of the system, and number in existence
October 31, 1934
175
No. 4. Authorized capital stock of national banks on the first day of each
month from January 1, 1930, to November 1, 1934, United
States bonds on deposit to secure circulation, circulation secured by bonds on deposit, the amount of lawful money on deposit to redeem circulation, and national-bank notes outstanding
176
No. 5. National banks reported in liquidation from November 1, 1933,
to October 31, 1934, the names, where known, of succeeding
banks in cases of succession, with date of liquidation and capital
177-185
No. 6. Capital stock, surplus, undivided profits, and total assets of banks
consolidated under act of November 7, 1918, as amended February 25, 1927, and June 16, 1933, for the year ended October
31, 1934, as shown by their last reports prior to consolidation._ 186
No. 7. National banks consolidated under act of November 7, 1918, as
amended June 16, 1933, capital, surplus, undivided profits, and
total assets, year ended October 31, 1934
187
No. 8. State banks and national banks consolidated under act of February 25, 1927, as amended June 16, 1933, their consolidated
capital, surplus, undivided profits, and total assets, year ended
October 31, 1934
188
No. 9. Number and capital of State banks converted into national banking associations in each State and Territory from 1863 to October 31, 1934
189
No. 10. Conversions of State banks and primary organizations as national
banks from March 14, 1900, to October 31, 1934
189
No. 11. Number of national banks increasing their capital, together with
the amount of increase monthly for years ended October 31,
since 1929
190
No. 12. 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
191
No. 13. Total number of national banks organized, consolidated under act
of November 7, 1918, as amended June 16, 1933, insolvent, in
voluntary liquidation, and in existence on October 31, 1934__ _ 191, 192
No. 14. Changes of corporate title of national banks, year ended October
31, 1934
192, 193
No. 15. Changes of corporate title incident to consolidations of national
banks and of State banks with national banks, year ended
October 31, 1934
193
No. 16. National banks chartered during year ended October 31, 1934... 193-202
No. 17. National banks for which increase of capital has been authorized,
under act March 9, 1933, as amended, by the issuance of preferred stock which was purchased by the Reconstruction Finance
Corporation unless otherwise noted, together with the amount
of increase and the rate of dividend, etc., to close of business
October 31, 1934
202-236
VII
VIII
CONTENTS
No. 18. National banks chartered which are conversions of State banks
during year ended October 31, 1934
236
No. 19. National banks, by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during year ended
October 31, 1934
237-239
No. 20. Number and classification cf national banks chartered monthly
during year ended October 31, 1934
240
No. 21. Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, December 30, 1933
240-248
No. 22. Number and deposits of licensed national banks at close of business May 13, 1933, by Federal Reserve districts
249-251
No. 23. Number of depositcrs and amount of deposits of licensed national
banks, grouped according to size and class of total balances,
October 25, 1933
252-271
No. 24. United States bonds on deposit to secure circulating notes of
national banks on October 31, 1910 to 1934
272, 273
No. 25. Profit on national-bank note circulation, based upon a deposit of
$100,000 United States consols of 1930, and Panama Canal
loan, at the average net price, monthly, during year ended
October 31, 1934
274
No. 26. Investment value of United States bonds—Panama Canal bonds
and 2's of 1930
275
No. 27. United States bonds—Monthly range of prices in New York,
November 1933 to October 1934
275
No. 28. Number, capital stock, and circulation outstanding of licensed
national banks issuing circulating notes, together with the
number and capital stock of national banks not issuing circulating notes, June 30, 1934, by Reserve cities and States
276-278
No. 29. National-bank notes issued, redeemed, and outstanding, by
denominations and amounts, on October 31, each year, 1931 to
1934
279
No. 30. National-bank currency issued to banks monthly from November
1, 1933, to October 31, 1934, and since 1863
280
No. 31. National-bank notes received monthly for redemption during year
ended October 31, 1934
.,
280
No. 32. National-bank notes received at Currency Bureau and destroyed
since establishment of System
281
No. 33. National-bank notes issued during each year 1914-34, nationalbank notes of active, insolvent, and liquidated banks destroyed,
total destructions for each year, and percentage of destructions
to issues
281
No. 34. Amount, denomination, and cost of national-bank currency
received from Bureau of Engraving and Printing, year ended
October 31, 1934
282
No. 35. Vault account of currency received and issued by Currency
Bureau during year, and the amount on hand October 31, 1934_
282
No. 36. Vault account of currency received and destroyed during year
ended October 31, 1934
282
No. 37. Amount of currency received for redemption, by months, from
July 1, 1933, to June 30, 1934, and counted into the cash of the
National Bank Redemption Agency
282
No. 38. Amount of currency received, by the National Bank Redemption
Agency for redemption in year ended June 30, 1934, from principal cities
283
No. 39. Cost of redemptior. of national-bank notes during year ended
June 30, 1934
283
No. 40. Classification of Federal Reserve currency redemptions, the
amount redeemed, number of notes, cost of redemption per
1,000 notes, and a.mount assessed upon Federal Reserve banks,
year ended June 30, 1934
283,284
No. 41. Taxes assessed on national-bank circulation, years ended June
30, 1864-1934; cost of redemption, 1874-1934; and assessments
for cost of plates, etc., 1883-1934
284
No. 42. Federal Reserve notes outstanding according to weekly statements
(amount issued by Federal Reserve agents to Federal Reserve
banks less notes redeemed), and collateral security therefor,
from November 1, 1933, to October 31, 1934
285
CONTENTS
IX
No. 43. Federal Reserve notes, segregated by series, printed, shipped, and Page
canceled, issued to banks, retired, and destroyed since organization of the banks, with the balance in vaults and amount outstanding October 31, 1934
286-288
No. 44. Aggregate amount of Federal Reserve bank notes, old series,
printed, issued, canceled, and redeemed, by denominations,
since the inauguration of the Federal Reserve System, and
amount outstanding, October 31, 1934
288
No. 44-A. Aggregate amount of Federal Reserve bank notes, series 1929,
printed, shipped, and on hand; issued, retired, and outstanding; received for destruction by denominations, during period
March 9, 1933, to October 31, 1934, under the terms of section
18, Federal Reserve Act, as amended March 9, 1933
289
No. 45. National banks in charge of receivers during year ended October
31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends
paid while solvent, lawful money deposited with Treasurer of
the United States to redeem circulation to October 31, 1934, circulation outstanding, borrowed money, and total deposits at
date of failure
290-331
No. 45-A. District of Columbia State chartered banks and banks incorporated under the laws of the District of Columbia, under the
supervision of the Comptroller of the Currency, in charge of
receivers during year ended October 31, 1934, dates of organization and appointment of receivers, capital at date of organization and at date of failure, dividends paid while solvent,
borrowed money and total deposits at date of failure
332
No. 46. National banks in charge of receivers during year ended October
31, 1934, dates of appointment of receivers and final closing,
with nominal amounts of total assets at date of failure and
additional assets acquired subsequent thereto, capital stock and
stock assessments, amounts collected from all sources, including
offsets allowed and earnings, together with the disposition of
such collections, and various other data indicating the progress
or results of liquidation to October 31,1934
334- 449
No. 46-A. District of Columbia State chartered banks and banks incorporated under the laws of the District of Columbia, under the
supervision of the Comptroller of the Currency, in charge of
receivers during year ended October 31, 1934, dates of appointment of receivers and final closing, with nominal amounts of
total assets at date of failure and additional assets acquired
subsequent thereto, capital stock and stock assessments,
amounts collected from all sources, including offsets allowed
and earnings, together with the disposition of such collections,
and various other data indicating the progress or results of
liquidation to October 31,1934
450,451
No. 47. National banks restored to solvency after having been placed in
charge of receivers
452, 453
No. 48. National banks restored to solvency which subsequently became
insolvent
.
454
No. 49. Dividends paid to creditors of insolvent national banks under the
supervision of the Comptroller of the Currency, including distributions by conservators as reported by receivers, during
year ended October 31,1934
454-475
No. 50. National banks placed in charge of receivers, the affairs of which
have been closed, by years, from April 14, 1865, to October 31,
1934, with amounts of total nominal assets, capital stock,
circulation outstanding, and total deposits at date of failure,
together with various data indicating the results of liquidation,
for those receiverships closed through liquidation
476-479
No. 51. National banks placed in charge of receivers, the affairs of which
have been closed, by States, from April 14, 1865, to October
31, 1934, with amounts of total nominal assets, capital stock,
circulation outstanding, and total deposits at date of failure,
together with various data indicating the results of liquidation, for those receiverships closed through liquidation
480-483
X
CONTENTS
No. 52. National banks unlicensed as of March 16, 1933, subsequently
placed in charge of conservators and remaining in charge of
conservators as of January 1, 1934, dates of and capital at
organization, capital, assets, deposits, and borrowed money
as indicated by conservators' first reports, dates of appointments of receivers and conservators, and of licenses issued to
resume business, including data as to banks otherwise in
liquidation, and amounts of deposits released through reorganizations and sales of assets to October 31, 1934
484-503
No. 52-A. District of Columbia State chartered banks and banks incorporated under the laws of the District of Columbia,
unlicensed as of March 16, 1933, subsequently placed in
charge of conservators and remaining in charge of conservators as of January 1, 1934, dates of and capital at
organization, capital, assets, deposits, and borrowed money
as indicated by conservators' first reports, dates of appointments of receivers and conservators, including data as to
banks otherwise in liquidation and amounts of deposits released through reorganizations and sales of assets to October
31, 1934
504
No. 53. Dates of reports of condition of national banks from 1914 to
1934
505
No. 54. Condition of foreign branches of National City Bank and Chase
National Bank, of New York, N. Y., First National Bank of
Boston, Mass., and Bank of America National Trust & Savings
Association, San Francisco, Calif., on June 30, 1934
506-511
No. 55. Number, capital stock, circulation outstanding, and total assets of
national banks at date of each report from April 6, 1925, to
October 17, 1934, together with the total amount of money
in the United States on June 30 of each year, and the percentage of national-bank circulation to capital, to assets, and
to money in the country
512
No. 56. Abstract of reports of condition of licensed national banks in the
central reserve cities of New York and Chicago, in other
reserve cities, and elsewhere, at close of business October 17,
1934
513, 514
No. 57. Abstract of report;* of condition of licensed national banks in
central reserve and other reserve cities and country banks June
30, 1934
514,515
No. 58. Classification of amounts "due from" and "due to" banks reported by licensed national banks, June 30, 1934
516-519
No. 59. Classification of demand and time deposits of licensed national
banks, June 30, 1934
520-523
No. 60. Classification of bills payable and rediscounts of licensed national
banks, June 30, 1934
524-526
No. 61. Classification of cash in vaults of licensed national banks, June 30,
1934
527, 528
No. 62. Gold and silver coin, certificates, legal tenders, and other currency
held by national banks at date of each call from April 6, 1925,
to October 17, 1934
529
No. 63. Gold, etc., held by national banks in the central reserve city of
New York at date of each call from April 6,1925, to October 17,
1934
530
No. 64. Reserve computation of| licensed national banks, June 30, 1934_ 531-535
No. 65. Total assets and liabilities of national banks from March 1930 to
October 1934
536-541
No. 66. Abstract of reports of condition of national banks, according to
reserve cities and States, at date of each call during year ended
October 31, 1934
543-657
No. 67. Abstract of reports of condition of private banks not under State
supervision as of June 30 and October 17, 1934, by States.. 658-666
No. 68. Abstract of reports of condition of licensed national banks in each
Federal Reserve district, June 30, 1934
667-669
CONTENTS
XI
No. 69. Abstract of reports of earnings and dividends of licensed national Page
banks for the period of 6 months ended December 31, 1933- 670-680
No. 70. Abstract of reports of earnings and dividends of licensed national
banks, by Federal Reserve districts, 6 months ended December
31, 1933
681,682
No. 71. Abstract of reports of earnings and dividends of licensed national
banks for the period of 6 months ended June 30, 1934
683-693
No. 72. Abstract of reports of earnings and dividends of licensed national
banks, by Federal Reserve districts, 6 months ended June 30,
1934
694, 695
No. 73. Abstract of reports of earnings and dividends of licensed national
banks for the year ended June 30, 1934
696-706
No. 74. Abstract of reports of earnings and dividends of licensed national
banks, by Federal Reserve districts, year ended June 30,1934__ 707, 708
No. 75. Abstract of reports of licensed savings and State banks in the
District of Columbia at date of each call during year ended
October 31, 1934
709
No. 76. Abstract of reports of licensed loan and trust companies in the
District of Columbia at date of each call during year ended
October 31, 1934
710
No. 77. Principal items of assets and liabilities of each licensed savings
and State bank in the District of Columbia, October 17, 1934.-_
711
No. 78. Principal items of assets and liabilities of each licensed loan and
trust company in the District of Columbia, October 17, 1934__
712
No. 79. Principal items of assets and liabilities of savings and State banks
in the District of Columbia on or about October 1,1914, to 1934_
713
No. 80. Principal items of assets and liabilities of loan and trust companies in the District of Columbia on or about October 1, 1914,
to 1934
713
No. 81. Individual statements of assets and liabilities of the 28 building
and loan associations in the District of Columbia on or about
June 30, 1934
714, 715
No. 82. Summary of assets and liabilities December 30, 1933, and receipts
and disbursements in the 6 months ended December 31, 1933,
of the 28 building and loan associations in the District of Columbia
716
No. 83. Summary of assets and liabilities, June 30, 1934, and receipts and
disbursements in the 6 months ended June 30, 1934, of the 28
building and loan associations in the District of Columbia
717
No. 84. Individual statements of assets and liabilities of the 22 credit
unions in the District of Columbia, June 30, 1934
718
No. 85. Summary of assets and liabilities, December 30, 1933, and receipts
and disbursements in the 6 months ended December 31, 1933,
of the 18 credit unions in the District of Columbia
719
No. 86. Summary of assets and liabilities, June 30, 1934, and receipts and
disbursements in the 6 months ended June 30, 1934, of the 22
credit unions in the District of Columbia
719
No. 87. Abstract of assets and liabilities of licensed State (commercial)
banks June 30, 1934
720-727
No. 88. Abstract of assets and liabilities of licensed loan and trust companies June 30, 1934
728-735
No. 89. Abstract of assets and liabilities of licensed stock savings banks
June 30, 1934
736-739
No. 90. Abstract of assets and liabilities of licensed mutual savings banks
June 30, 1934
740-743
No. 91. Abstract of assets and liabilities of licensed private banks June 30,
1934
744-747
No. 92. Abstract of assets and liabilities of licensed State (commercial),
savings, and private banks, and loan and trust companies
June 30, 1934
748-755
No. 93. Abstract of assets and liabilities of licensed national banks June
30, 1934
756-763
No. 94. Supplemental abstract of assets and liabilities of private banks
not under State supervision June 30, 1934
764-767
No. 95. Abstract of assets and liabilities of all active State and private
banks on or about June 30, each year, 1914 to 1934
768
No. 96. Abstract of assets and liabilities of all active national banks on or
about June 30, each year, 1914 to 1934
769
XII
CONTENTS
No. 97. Abstract of assets and liabilities of all active banks on or about
June 30, each year, 1914 to 1934
770
No. 98. Statement of the transactions of the New York Clearing House
for 81 years, and separately for each year, 1914 to 1934, the
number of banks, aggregate capital, clearings, balances, average daily clearings and balances, and the percentage of balances
to clearings
771
No. 99. Exchanges, balances, percentages of balances to exchanges, and
percentages of funds used in settlement of balances by the
New York Clearing House in each year from 1914 to 1934
771
No. 100. Exchanges of the clearing houses of the United States for each
year ended September 30, 1914, to 1934
772
No. 101. Comparative statement of the exchanges of the clearing houses
of the United States for the years ended September 30, 1934,
and 1933
772-775
No. 102. 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, 1934, and 1933
776
No. 103. Number, capital, deposits, and total assets of licensed and unlicensed national banks, by Federal Reserve districts, March 5,
June 30, and October 17, 1934
776-781
No. 104. Bank suspensions, by States, January 1 to March 15, 1933__ 782, 783
No. 105. Bank suspensions, 1864 to 1933
784
No. 106. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, March 16 to June 30, 1933
785, 786
No. 107. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, July 1 to December 31, 1933
787, 788
No. 108. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, January 1 to June 30, 1934
789, 790
No. 109. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, in year ended June 30, 1934
791, 792
No. 110. Bank suspensions, March 16 to June 30, 1933, and year ended
793
June 30, 1934
.—-.-.-..—.-r
TABLE L. Statements of assets and liabilities of the individual licensed national
banks (and private banks not under State supervision) at close of
business December 31, 1934, arranged alphabetically by States,
Territories, and towns. (Omitted from this report and published
as a separate table.)
REPORT
OF THE
COMPTROLLER OF THE CURRENCY
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
WashingtonJ D. C.} January 3, 1935.
SIR: I have the honor to submit the following report, in accordance
with the provisions of section 333 of the United States Revised Statutes, covering the activities of the Bureau of the Comptroller of the
Currency during the year ended October 31, 1934. This Bureau was
organized under an Act of Congress passed February 25, 1863. This
is the seventy-second report made to Congress since the organization
of the Bureau.
The Bureau of the Comptroller of the Currency has operated at
a profit. For the fiscal year ended June 30, 1934, national banks
paid a tax on circulation amounting to $4,518,904. The amount
paid out from Congressional appropriations amounted to $642,333,
leaving a profit to the Government of $3,876,571.
There is little evidence remaining of the collapse in March 1933 of
the banking structure of the Nation. The entire system has been
rebuilt. The seriousness of the situation was apparent to the President and to Congress. The never-to-be-forgotten proclamation of
the President declaring a banking holiday, his request to Congress
for remedial legislation, and the immediate and patriotic response of
Congress, are familiar to all. The credit for the remarkable restoration of the banking structure of the Nation as shown in this report
must go to the President, who devised the plan for rehabilitation, and
to Congress which immediately adopted it and provided sufficient
appropriations to carry it to a successful conclusion.
The execution of the Emergency Banking Act was entrusted to the
Treasury Department, and particularly to the Bureau of the Comptroller of the Currency. The various steps taken to put into effect
the provisions of the act are set forth in detail in the report of the
Comptroller of the Currency for 1933.
Since the banking holiday, three main problems have confronted
this Bureau: First, the task of reopening 1,417 banks under the jurisdiction of the Bureau which were not licensed at the conclusion of
the banking holiday (this Bureau has jurisdiction over all national
banks and all banks, State or National, located in the District of
Columbia); secondly, the distribution of dividends to depositors in
receivership banks; and, thirdly, the approval of the sale of preferred
stock by national banks. The first and third of these problems were
entirely new to the Comptroller's Office.
These 1,417 unlicensed banks under the jurisdiction of the Comptroller of the Currency had a deposit liability of $1,971,960,000.
2
REPORT OF THE COMPTROLLER OF THE
CURRENCY
All except five of these have been either reopened, voluntarily liquidated, or placed in receivership.1 These 5 banks have $6,438,000 in
deposits, or three-tenths of 1 percent of the total deposits in the 1,417
banks and all 5 of them have plans approved for reorganization.
A brief summary of the disposition of these 1,417 banks may prove
interesting: 1,088 banks, with deposits of $1,802,086,000, were
reorganized under old or new charters, or absorbed by other national
banks; 30 banks went into voluntary liquidation, paying in full
$11,204,000 to their depositors; 294 banks, representing $152,048,000
in deposits, were placed in receivership. Seven of these 294 receivership banks, with deposits of $3,537,000, have plans approved for
reopening. The deposit liability in these receivership banks has been
reduced by the payment to the depositors of $49,029,304, leaving a
balance of deposit liability in these banks of $103,018,696 after
deducting the amount in the banks approved for reopening and dividends paid. This remaining balance due to depositors represents
5.2 percent of the amount frozen in the 1,417 banks unlicensed at the
conclusion of the banking holiday.
Since the banking holiday there has been distributed to depositors
in all closed banks under the jurisdiction of this Bureau, including
those for which receivers were appointed prior to the banking holiday,
the sum of $612,854,783. Of this amount $596,289,062, or 55.1 percent of the amount due, was paid to depositors in banks for which
receivers were appointed following the banking holiday.
As of March 4, 1933, there were 1,067 national banks, including the
District of Columbia State banks, in receivership and in process of
liquidation. During the period of the banking holiday, receivers
were appointed for 4 additional banks with deposits of $2,826,741,
and one receivership with deposits of $493,803 was finally liquidated
and closed, leaving 1,070 national and District of Columbia State
banks in receivership as of March 16, 1933, with deposits at date of
suspension amounting to $889,800,000. Of these total deposits,
$461,500,000 had been paid to depositors up to December 31,1934, or
51.8 percent of the total amount due the depositors of such banks. Of
the 1,070 banks in receivership as of March 16,1933, 946 still in process
of liquidation as of December 31. 1934, with deposits at suspension of
$816,000,000, had paid to depositors a total of $414,000,000, or 50.7
percent, of the amount due them.
A plan has been worked out between Hon. Jesse H. Jones, Chairman
of the Reconstruction Finance Corporation, and this Bureau for completing the liquidation of receivership banks which have assets valued
at $30,000 or less. The Reconstruction Finance Corporation will
loan to the receiver the full amount of the appraised value of
the assets less estimated intereist and collection charges, take the
receiver's note, and hold the assets as collateral. The receiver is then
authorized to sell the assets of his trust, subject to the loan from the
Reconstruction Finance Corporation, to a depositors7 committee for
a nominal consideration, whereupon the receiver is instructed to terminate his trust immediately. The Reconstruction Finance Corporation will liquidate the assets until the loan has been fully repaid, and
any remaining assets will be returned to the depositors' committee,
which will complete liquidation in the interest of the depositors.
The first trust to be handled in this manner was at Milton, N. Dak.
» Figures relating to tl*e current wort: of this Bureau are stated as of D e c 31,1934.
OF THE COMPTROLLER OF THE CURRENCY
3
The plan has met with hearty approval in all parts of the country.
There are approximately 400 trusts which it is hoped can be disposed
of in this manner, and then the plan may be extended to other trusts.
National-bank receiverships are conducted with a maximum of
efficiency and a minimum of expense. From the date of the first
failure of a national bank in 1865 to October 31, 1934, national banks
placed in receivership numbered 2,908. Of these, 1,219 had been
completely liquidated and their affairs closed. Expenses incident to
the administration of these 1,219 closed trusts, such as receiver's
salaries, legal and other expenses, amounted to 3.86 percent of the
book value of the assets and stock assessments administered or 7.39
percent of collections from assets and stock assessments. In other
words, about 93 cents out of every dollar collected by receivers went
to creditors.
The importance of strengthening the capital structure of banks, as
well as of making funds available for credit purposes, was quickly
recognized and the work done along these lines represents one of the
striking contributions made by the Administration to banking recovery. Preferred stock in the amount of $491,215,050 has been sold
by 1,975 national banks, $419,313,925 of which was purchased by the
Keconstruction Finance Corporation and $71,901,125 in the various
communities where the banks were located. In addition, the capital
stock of 128 national banks has been further strengthened by the sale
of $16,895,276 in new common stock, and approximately 300 national
banks have plans of recapitalization formally approved by the Office
of the Comptroller of the Currency not yet consummated. When the
provisions of these plans have been complied with, it will involve the
approximate sum of $56,000,000 for additional capital strengthening.
At the close of the banking holiday there were 4,522 active national
banks with deposits of $16,315,586,000 under the jurisdiction of the
Comptroller's Office. There are now 5,490 licensed banks with
deposits of $20,906,176,000. This represents a gain of 968 banks and
$4,590,590,000 in deposits.
One of the important and serious questions before the Comptroller
was the proper appraisal of assets in going banks. Manifestly, it was
unfair to appraise assets on a present cash market basis, and even
where there were established market quotations, they could easily
have been broken by forced liquidation. Appreciating this fact, the
Comptroller sent the following instructions to all chief national-bank
examiners on October 26, 1933:
After the bank holiday, national-bank examiners were largely engaged in the
examination of banks which did not receive a license for the purpose of reorganization. It appears that some examiners in making examinations of licensed national
banks have become what might be termed "reorganization minded" and have
lost sight of the President's recovery program and its relation to licensed banks.
It is the administration's desire that credit channels be opened through licensed
banks and this policy cannot be accomplished if examiners follow a deflation
policy in examinations. We are all concerned in having solvent banks, but there
is a wide distinction between the potential and intrinsic value of assets of a going
institution, and liquidating values. Examiners in appraising and classifying
assets of licensed banks will not apply liquidating values, but will appraise on the
basis of fair values on a recovery basis. As an example, in dealing with bank
buildings, the examiner must realize that a bank building of a going bank has
an intrinsic value, as distinguished from present depressed values, which, combined with the element of recovery, may fully substantiate the carrying value
given to it by the bank. The same is true of mortgages, and in this connection
the examiners should familiarize themselves with the instructions given with
4
REPORT OF THE COMPTROLLER OF THE CURRENCY
respect to real-estate mortgages by the Federal Deposit Insurance Corporation
to its examiners.
You will advise examiners who are examining licenced banks of this policy and
see that it is carried out. Any examination now in process, or any future examination, will be governed by these instructions and where an examination has been
completed, the examiner making the report will review the report on the above
basis and rewrite such report if found necessary. If the examiner is not now
available, it may be necessary to make a new examination on the proper basis.
It was found that in some few instances bank examiners had not
fully comprehended these instructions, and supplemental instructions
were sent to all chief national-bank examiners on March 13, 1934, as
follows:
Reports of examinations received by this office recently, clearly indicate that
some few of the examiners throughout the country have not fully grasped the
meaning of instructions communicated to the chief examiners under date of
October 26, 1933, and are making more drastic classifications of assets of the
banks examined by them than is necessary under the circumstances, and more
severe than is contemplated by the instructions contained in office letter referred
to above.
If there are in your Federal Reserve district any examiners who, in your
opinion, are making unnecessarily drastic classifications of assets, please confer
with them promptly, looking toward having their classifications as lenient as
circumstances in each case will permit and in order that they will be in accord
with the policies of this office.
While you are familiar with the character of examinations made by your
examiners, it is suggested that in determining whether or not any of them are too
severe in their classifications, you give particular attention to their appraisals of
banking houses, furniture and fixtures, and loans secured by real estate.
For the first time in t tie history of the Bureau a survey was made
from the 1934 reports of the national bank examiners. As is well
known to bankers, examiners classify loans under three headings—
slow, doubtful, and loss. There is little room for argument when
assets are placed in the loss column, and very little question arises
regarding the items in the doubtful column. The slow column attracts
the most attention and controversy. An examination of the reports
on 5,275 banks filed in the Office of the Comptroller of the Currency
reveals the following interesting figures: The total amount of loans
was $7,740,596,000. The examiners placed 2.88 percent of these loans
in the loss column, 4.19 percent in the doubtful column, and 27.05
percent in the slow column. It is indeed remarkable that within so
short a time after the greatest banking catastrophe in the history of
this Nation, less than 3 percent of the loans in national banks should
be placed in the loss column and only 4.19 percent in the doubtful
column. These figures speak with greater emphasis than any words.
Before the State convention of bankers at Louisville, Ky., on September 12, 1934, the following definition of slow paper was given:
"The items placed in the slow column are merely 'flagged.' In other
words, the attention of the bank officials is called to these items with
the suggestion that they be watched. No suggestion is conveyed or
implied that the borrower should be requested to pay the same. They
are therefore considered slow loans. This is our interpretation unless
the examiner in his report makes specific criticisms of particular items
in the slow column/'
There has been considerable controversy and some misunderstanding with reference to the examination of banks and many people are
under the impression that there is a duplication of examinations.
Only two organizations in Washington examine banks at the present
time. The Bureau of the Comptroller of the Currency examines all
REPORT OF THE COMPTROLLER OF THE CURRENCY
5
national banks, and no other examiner makes an examination of a
national bank except upon a written agreement between the national
bank and the Reconstruction Finance Corporation. No one will
deny the right of a bank to permit an examination by another agency
of the Government. A national bank is examined twice a year.
With reference to the examination of State banks which are
members of the Federal Reserve System, there are the following
statutory provisions:
Section 5240 of the National Bank Act, as amended: The Comptroller of the
Currency, with the approval of the Secretary of the Treasury, shall appoint
examiners, who shall examine every member bank at least twice in each calendar
year and oftener if considered necessary: Provided, however, That the Federal
Reserve Board may authorize examination by the State authorities to be
accepted in the case of State banks and trust companies and may at any time
direct the holding of a special examination of State banks or trust companies that
are stockholders in any Federal Reserve bank. * * *
In" addition to the examinations made and conducted by the Comptroller of
the Currency, every Federal reserve bank may, with the approval of the Federal
reserve agent or the Federal Reserve Board, provide for special examination of
member banks within its district. * * *
Section 11 of the Federal Reserve Act: The Federal Reserve Board shall be
authorized and empowered to examine at its discretion the accounts, books, and
affairs of each Federal reserve bank and of each member bank and to require
such statements and reports as it may deem necessary.
The Federal Deposit Insurance Corporation does not examine banks
in the sense that the Comptroller of the Currency and the Federal
Reserve Board examine them, since the Corporation has no supervisory functions.
The law provides that all State banks which make application for
insurance shall be solvent. Therefore, the only question to be
determined by a Federal Deposit Insurance Corporation representative is whether the assets are sufficient to pay the bank's liabilities.
To be eligible for insurance, the bank need have no capital structure
under the existing law, and the Corporation has no visitorial powers.
It is clear, therefore, that the representatives of both the Reconstruction Finance Corporation and the Federal Deposit Insurance
Corporation are not examiners in the true sense of the word. An
examination of a bank implies criticism and suggestions as to its
loans, an examination of all of its books and records, including the
minutes of the corporation, to determine if all of the provisions of the
National Banking Act have been complied with, as well as a determination of the question of solvency. None of these questions is
within the jurisdiction of the representatives of either the Reconstruction Finance Corporation or the Federal Deposit Insurance Corporation. In fact, Congress has been careful to exclude examination of
national banks except as provided by statute, section 5241, which
reads as follows:
No association shall be subject to any visitorial powers other than such as are
authorized by this title, or are vested in the courts of justice.
This is the proper place to say a word abput the national bank
examiners and their assistants. Political considerations do not enter
into the appointment of a national bank examiner. No national
bank examiner has been appointed during my term of office except
from the ranks of assistant examiners, and then only after a careful
review of his record as an assistant examiner and upon the successful
106093—35
2
6
KEPOBT OF THE COMP'PROLLEft OF THE
passing of a written and oral examination. I do not know and have
not inquired into the politics of any examiner appointed during my
incumbency. Examiners are appointed by the Comptroller of the
Currency and approved by the Secretary of the Treasury after a
careful and thorough investigation of their record by both of these
officials. Not an examiner has been removed for cause during my
term, and only one vacancy has occurred among the 12 chief national
bank examiners, and that by voluntary resignation to accept a more
lucrative position. The chief examiners and the examiners have
maintained the highest traditions of their profession and have reflected
credit upon this Bureau and the Treasury. They have neither feared
criticism nor yielded to temptation. They realize their duty and
responsibility to the depositors. I have had under consideration for
some time a partially perfected plan providing for a pension for examiners. This plan has not yet been developed sufficiently to be presented for consideration, but my conviction is that these men should
not only feel secure in their positions but should be protected in
their declining years.
The Banking Act of 1933 designated the Comptroller of the Currency as a member of the Board of Directors of the Federal Deposit Insurance Corporation. The organization of this corporation
was covered rather fully in the Comptroller's annual report for 1933.
Hon. Walter J. Cummings of Illinois, the first chairman of the Board,
presented his resignation to the President on January 10, 1934, to be
effective on the date of appointment of his successor. Hon. Leo T.
Crowley of Wisconsin was appointed to fill the vacancy and took his
oath of office on February 21, 1934, The present members of the
Board are Hon. Leo T. Crowley, chairman, Hon. E. G. Bennett of
Utah, and the Comptroller of the Currency. When the Comptroller's report for 1933 was written, high hopes were expressed for
the success of the Federal Deposit Insurance Corporation and they
have been more than justified. On January 1, 1935, there were
14,248 banks, with insured deposits well in excess of 16 billion dollars,
which had completed all membership requirements, and 9 which were
approved for membership subject to completion of such requirements.
The insurance of bank deposits went into effect on January 1, 1934,
and from that date up to and including January 1, 1935, only one
licensed national bank, the First National Bank of Lima, Mont.,
has been placed in receivership. Its deposits of approximately
$40,000 were completely covered by insurance. Up to January 1,
1935, eight insured nonmember State banks were placed in receivership with total deposit liabilities of approximately $1,850,000. The
Federal Deposit Insurance Corporation promptly met its responsibility in these instances as soon as the institutions were surrendered
by the State authorities. There were 49 State banks which were
not members of the Corporation which have failed from January 1,
1934, to January 1, 1935.
It is interesting to compare the record for 1934 with that of the
12 years from 1921 through 1932 when 10,816 banks, with aggregate
deposits of $4,885,126,000, failed in the United States. In other
words, the average number of failures per year during the 12 years
was 901, with average deposits of $407,093,833, as contrasted with
58 bank failures during 1934, 9 of which banks were members of the
Federal Deposit Insurance Corporation.
REPORT OF THE COMPTROLLER OF THE CURRENCY
7
It is difficult to estimate what this Corporation has contributed
to the recovery program of the Administration. It has inspired
confidence in banks and has eliminated fear in the depositor's mind.
The Government of the United States has made a liberal contribution
to the capital structure of this Corporation, which makes it virtually
a special partner with the banks in protecting the depositors. Numerous changes will doubtless be made in the law to strengthen and to
complete the plan approved by the Congress of the United States.
While one-half of 1 percent has been levied upon the insurable deposit
risk, only one-fourth of 1 percent has been collected, and this amount
would seem sufficient for some time to come.
SUGGESTIONS FOR LEGISLATION
Under the provisions of Revised Statutes 333 as amended, United
States Code, title 12, section 14, the Comptroller is required to include
in his annual report to Congress " Any amendment to the laws relative
to banking by which the system may be improved, and the security of
the holders of its notes and other creditors may be increased." On
pages 8 to 16, inclusive, of the Comptroller's annual report for the
year ending October 31, 1933, issued January 3, 1934, certain detailed
recommendations were made as to corrective and clarifying legislation,
not only as to the national banking laws in general but as to the Banking Act of 1933 in particular, and bills embodying such recommendations in great part were approved by the Senate and House Banking
and Currency Committees, but Congress adjourned before action
could be obtained thereon by way of adoption or rejection. Without
repeating the recommendations of the previous report, attention is
again called to them, and the recommendation is made that the action
initiated in the last session of Congress with respect to putting them
into effect be completed as soon as may be possible.
Additional recommendations arising out of experience in administering the Banking Act of 1933 during the past year, as well as recommendations as to other provisions of law affecting national banks,
are as follows:
1. Section 23 of the Revenue Act of 1934, paragraph (b), provides
for certain deductions from gross income. It is understood that
State banks which have sold capital notes or debentures to the Reconstruction Finance Corporation may under this paragraph deduct
interest paid thereon in computing their net income for taxable
purposes.
National banks in strengthening their capital structure have issued
preferred stock to the Reconstruction Finance Corporation, paying
dividends thereon, which payment of dividends is substantially
equivalent to the payment of interest made by State banks on capital
notes sold by them to the Reconstruction Finance Corporation. In
both cases a common object was in view, namely, strengthening capital
structure, but the two methods of so doing were necessary because in
many cases State banks could not issue preferred stock or stock without assessment liability. Since national banks cannot deduct the
dividends paid on preferred stock to the Reconstruction Finance
Corporation from their gross income for tax purposes, it is manifest
that they are placed at a disadvantage as compared with the State
banks. It is accordingly suggested that paragraph (p) of section 23
8
REPORT OF TB!E COMPTROLLER OF THE CURRENCY
of the Revenue Act of 1934 be amended by making an additional exception in the case of banks to the extent that they have paid dividends
on preferred stock to the Reconstruction Finance Corporation.
2. Section 11 (b) of the Banking Act of 1933 prohibiting payment
of interest on demand deposits, with certain exceptions, should
include the added exception of demand deposits of trust funds upon
which interest is required to be paid by fiduciaries under State law.
This is necessary to enable national banks to comply with State law
and to put national banks on a parity with State banks in competing
for fiduciary appointments.
3. Section 12, amending section 22 of the Federal Reserve Act by
adding section (g) thereto, pi-ohibits loans to executive officers of
member banks but provides that "loans heretofore made to any such
officer may be renewed or extended not more than two years from the
date this paragraph takes effect, if in accord with sound banking
practice.7' A great many inquiries have been received as to the effect
of this legislation in the event the executive officer in question is
unable to pay his indebtedness at the expiration of the two-year
period; that is, by June 16, 1935. It is not clear from the section as
worded whether the bank or the executive officer will be considered as
having violated the act and will become subject to the penal provisions
thereof in the event such loan is not paid at that time. It furthermore
is not stated whether or not the executive officer in question must
resign his executive position if the loan is unpaid and is not extended or
renewed. There is some doubt as to whether or not the bank should
take the position that such loans must be carried as past-due paper
and charged off as bad debts within the provisions of R. S. 5204 that
"All debts due to any association, on which interest is past due and
unpaid for a period of six months, unless same are well secured, and
in process of collection, shall be considered bad debts/' There are
other cases where a bank holds the mortgage indebtedness of an
executive officer incurred prior to June 16, 1933, with a maturity
expiring after June 16, 1935, as would be the case of a three- or fiveyear mortgage. Since this obligation is not due and payable by June
16, 1935, is either the bank or the executive officer, under the provisions of this section of the law, required to take any action on June
16, 1935, relative to the disposition or payment of this indebtedness in
order to avoid violating the criminal provision of this section? The
two-year period for elimination of executive officer loans was placed
in the act with the apparent belief that general conditions would permit such elimination in that time. Conditions have not, however,
made it possible for such loans to be eliminated, creating a situation whereby the act should be amended to extend the time three more
years, with the proviso that in each case where an extension or renewal
is made the board of directors shall satisfy themselves that such
extension or renewal is in the best interest of the bank, and that the
officer concerned has made reasonable effort to reduce his obligation,
such finding to be evidenced by a resolution of the board of directors
spread upon the minute books of the bank.
4. Section 13 of the Banking Act of 1933, being section 23 (a) of
the Federal Reserve Act, provides certain restrictions and conditions
under which member banks may have dealings with their affiliates.
In connection with the restriction on amount of loans to affiliates
under this section, numerous cases have arisen of loans to affiliates
REPORT OF THE COMPTROLLER OF THE CURRENCY
9
made prior to the enactment of this law, which loans were in excess of
the restrictions of this statute. Frequently the amount of these
loans and the circumstances of their creation are such that, though the
loans are reduced at their maturity, it is necessary as a practical
matter to extend or renew. While the section does not specifically
provide that upon extension or renewal such loans must be reduced in
conformity with the limitations in amount provided by the section,
this office has placed such construction upon the section due to the
fact that no express provision is made for extensions or renewals of
existing obligations of affiliates such as is specifically provided under
section 12 of the Banking Act of 1933 which permits extensions and
renewals without requiring reduction of loans made to executive
officers of member banks.
In view of the prohibition of the section against " extension of credit
t o " affiliates except within certain limitations and subject to the
obtaining of a prescribed type of collateral security, banks have been
prevented from obtaining the benefit to be derived through an affiliate
relieving the bank of objectionable paper, real estate, or other assets
by purchase thereof, in cases where the affiliate is unable to make
immediate payment in full in cash but is willing to give its obligation
for the purchase price, which obligation, due to the size of the transaction, would exceed in amount the 10-percent limitation provided
by the section.
This section states that its provisions shall not apply to any affiliate
" engaged solely in holding the bank premises of the member bank
with which it is affiliated." It has long been the custom recognized
as permissible by the courts for banks to construct and use buildings
to be occupied by the bank in its business, but these buildings also
contain a great amount of office space to be leased out to others to
provide an income to the bank. In those cases where an affiliate
corporation owns the building occupied by the bank, a similar condition exists with respect to same being occupied by other tenants with
resulting activities of the affiliate corporation involved. The affiliate
corporation may invest the income received from the building in securities of various types. It is difficult to determine whether or not by
the use of the words, "engaged solely in holding the bank premises",
such affiliate corporation can properly claim the exemptions provided
thereunder. It is not believed that Congress had in contemplation a
strict construction which would limit the exemption to an affiliate
corporation owning and operating premises exclusively occupied by
the bank or engaged in investing and reinvesting in securities the
assets of the corporation or income derived from the bank building.
It is believed that the limitation on loans to affiliates, and the
provision that they must be secured in any event by a certain type
of collateral should not apply in case of loans to an affiliate where the
affiliate relationship has arisen out of a bona-fide debt contracted
prior to the date of the creation of the affiliate relationship. Banks
frequently obtain stock control of corporations through foreclosure of
stock collateral. The recovery to be made by the bank often depends upon the continued operation of the corporation, with a consequent advance of funds thereto by the bank, for which advance
the corporation, due to its financial condition, is unable to provide
the prescribed type of collateral, and which corporation under the
circumstances is unable to obtain loans from other banks. It be
10
REPORT OF THE COMPTROLLER OF THE CURRENCY
comes a salvage operation for the bank holding the stock control,
and removal of the limitations of the section is advisable under such
circumstances.
5. Section 18 of the Banking Act of 1933 amends Revised Statutes
5139 by providing that no certificate representing stock of the bank
shall represent the stock of any other corporation except a member
bank or one engaged solely in holding the bank premises, nor shall
the ownership, sale, or transfer of such certificate be conditioned in
any manner upon the ownership, sale or transfer of stock of any other
corporation except a member bank.
Our comments under section 4 above relative to the intent of
Congress as to when a corporation is to be considered as " engaged
solely in holding the bank premises " are similarly applicable here.
Considerable difficult}' has been encountered in determining what
steps must be taken to comply fully with the provisions of this
section, particularly thai} part thereof which provides that the ownership, sale, or transfer of bank stock shall not in any manner be conditioned upon ownership, sale, or transfer of a certificate representing
the stock of another corporation. Difficulty arises ordinarily in cases
where a corporation has, been organized to relieve the bank of nonconforming assets or large amounts of real estate taken for debts previously contracted, and the stock of this corporation is trusteed for
the benefit of the bank's shareholders. There are many other situations where such condition arises, and from a practical standpoint there
seems to be no need for a complete divorcement of this corporation
from the bank, particularly if the corporation is not engaged in the
type of activities described in section 20 of the Banking Act of 1933,
which section defines which affiliates of member banks must be divorced by June 16, 1934. This office has construed section 20 as
defining for the purposes of the Banking Act of 1933 the type of
corporations which must be divorced from the bank, and has been
of the opinion that section 18 here under discussion should not by
implication, and does not by its express language, require divorcing
of any affiliate not falling within the type defined in section 20. We
have expressed our opinion that section 18 requires only that the bank
eliminate from its stock certificates any provision that may appear
thereon to the effect that the certificate represents stock of the other
corporation or any provision that the ownership, sale, or transfer of
the bank's stock is conditioned upon the ownership, sale, or transfer
of the stock of the other corporation. In cases of an affiliate relationship, as above referred to, whereby trustees are holding stock of the
other corporation in trust for the shareholders of the bank under a
trust agreement which makes the stock of the other corporation
transferable only, as and when, the bank stock is transferable, it has
been our opinion that compliance with this section does not require
a dissolution of such trustee arrangement or its modification so as to
permit the stock of the other corporation to be transferred independently of the stock of the bank. This position has been taken for two
reasons. The trust agreement in question frequently is of such type
that it is not revocable or subject to amendment, at least at the
instance of the bank. Consequently, the bank has no control
over the situation. Secondly, it is frequently desirable that the
affiliate relationship be permitted to continue under the circumstances of a particular case, whereas dissolution of the trust instru
REPORT OF THE COMPTROLLER OF THE CURRENCY
11
ment or amendment thereof would make possible the destruction of
the affiliate relationship through separation of the stockholding
interests. The Banking Act of 1933 through its provisions recognizes
repeatedly that there is no objection to banks having certain types
of affiliates. The objectionable types are specified in section 20, being
those engaged primarily in security dealings.
This section should accordingly be amended in such a way as to
state clearly that it does not operate to prevent the ownership, sale,
or transfer of stock of any other corporation being conditioned upon
the ownership, sale, or transfer of a certificate representing stock of a
national banking association.
6. Section 19 of the Banking Act of 1933, amending Revised
Statutes 5144, prohibits a holding company from voting on any
question submitted at meetings of shareholders, unless it shall have
obtained a voting permit from the Federal Reserve Board. In order
to obtain such permit, extensive data must be furnished, sometimes
involving great expense on the holding company, and certain obligations must be undertaken by it, all of which matters are of no practical
materiality where the bank is going into voluntary liquidation.
Revised Statutes 5220 requires a vote of two-thirds of the bank's
shareholders in order for the bank to go into liquidation. If a holding
company is unable or unwilling to comply with the requirements as
now laid down for the obtaining of a voting permit, or even though
willing is unable to obtain such permit, the resulting inability of the
holding company to vote its shares prevents the obtaining of a twothirds vote and prevents the bank from going into voluntary liquidation where there is desire or necessity therefor. It is accordingly
recommended that a holding company affiliate be exempted from the
requirement of obtaining a voting permit to vote upon the question of
placing the association into voluntary liquidation.
7. Under section 16 of the Banking Act of 1933 there is a provision
that the limitations and restrictions contained in that section as to
dealing in, underwriting, and purchasing for its own account investment securities, shall not apply to obligations of the United States
and various other types of securities therein described. This provision
has been construed as an authorization to national banks to deal in,
underwrite, and purchase for their own accounts, such types of
securities particularly specified in the section.
However, section 21 (a) (1), which is not framed as an amendment
to the National Bank Act or as an amendment to the Federal Reserve
Act in so many words, nevertheless prohibits any firm, corporation,
association, business trust, or similar organization, engaged in the
business of issuing, underwriting, selling, or distributing securities,
from receiving deposits subject to check or payment upon the request
of the depositor. Literal application of the language of this section
taken by itself has given the impression to some that it operates to
prohibit national banks from engaging in the very activities permitted
to them under section 16 of the Banking Act of 1933 as above pointed
out. This office has construed section 16 as governing in this situation, insofar as national banks are concerned, but the apparent conflict
between the two sections should be eliminated.
8. Section 21 (a) (2) of the Banking Act of 1933 prohibits any firm,
corporation, association, business trust, or similar organization other
12
REPORT OF THE COMPTROLLER OF THE CURRENCY
than a financial institution or private banker, subject to examination
and regulation under State or Federal law, from engaging in the
business of receiving deposits unless it shall submit to periodic examination by the Comptroller of the Currency or by the Federal Reserve
Bank of the district, and shall make and publish periodic reports of
its condition.
This section in its present form is apparently incomplete in vital
respects and presents many administrative difficulties in addition to
those referred to in the Comptroller's report for 1933.
No specific provision is made for payment of the cost of the examination referred to. It has been the position of this office that it
cannot use funds collected from assessments on national banks for
their examination, to pay the expense of examination of institutions
under this section, and that by implication Congress intended that
the institution submitting to examination thereunder should bear the
cost thereof. Our position has been controverted by some of these
institutions and any doubt on the question should be eliminated
through amendment of i:he section. The section makes no provision
or gives no direction as to what is to be done by this office beyond
making examination and calling for reports. If it was intended that
such examination and reports should be used as a basis for supervisory
regulation, similar to that exercised by this office over national banks
and by State banking authorities over State banks, the act fails so
to state. If it is not intended that this office shall have power to
require correction of situations dangerous to depositors of such institutions or of forcing them into liquidation where they appear to be
hopelessly insolvent, then it is not apparent what purpose is attained
by making examination and requiring reports of their condition.
Any contemplated amendment of this section giving part or all
of the foregoing supervisory powers should be made with a view to
the fact that with very few exceptions, banking institutions which
come under this section Eire operated by individuals or by partnerships
with the result that examination as to the condition of the institution
involves taking into consideration not only the specific assets and
liabilities of the business entity but also all other assets of the individuals conducting the business as individuals or as partners, and all
of the liabilities thereof.
This is necessary because of the general rule of individual liability
of partners for all partnership obligations and because the depositors
of the banking institution would also have to share with all other
creditors of the partners in the available assets of those conducting
the business. Any proposed scheme of forced liquidation where it
appears that continuance of the business is dangerous to depositors
would in consequence necessarily involve not only liquidation of the
banking business in which the partners are concerned but would appear
to involve a typical bankruptcy proceedings embracing an adjusting
of the rights and interests of all creditors of the partners or of the
individuals involved, regardless of whether or not they dealt with
the private banking institution. This would involve conflicts with
existing bankruptcy laws and apparently would have effects far
beyond those incidental to the liquidation of a bank operating in
corporate form.
9. Section 22 of the Banking Act of 1933 relieves shareholders of
national banks from the additional liability imposed by Revised
REPORT OF THE COMPTROLLER OF THE CURRENCY
13
Statutes 5151, as amended, and section 23 of the Federal Keserve Act,
as amended, with respect to shares issued after the date of the enactment of the Act. Bills were presented in the last session of Congress
to extend this relief to all outstanding shares of stock of national banking associations, regardless of date of issue.
In the event it is determined to completely eliminate this assessment liability of shareholders, it is suggested that serious consideration be given to providing for increasing the surplus of national banking associations until same equals the amount of its common capital
stock, thereby restoring to the bank's creditors the protection now
given by the potential assessment liability of the shareholders and
maintaining a sound banking structure.
10. Revised Statutes 5243 prohibits persons or corporations doing
the business of bankers, brokers, or savings institutions except where
authorized by Congress so to do, to use the word "national" as part
of the name or title of such institution. The Attorney General of the
United States in 22 Opinions Attorney General 475 ruled that the
use by State banks of the word "international" as a portion of their
name or title is not in violation of this section. It is believed that the
use of the word "international" as well as other combinations of the
word "national" may frequently be as misleading as the use of the
word "national" and that the section in question should be amended
to prohibit also the use of the word "international" or any combination of the word "national" by institutions doing a banking business
except as to such as may be organized under authority of the Federal
Government.
Miscellaneous incidental matters affecting the. Federal Reserve
System which should be provided for are as follows:
Give the Board discretion to relieve holding companies from necessity of obtaining voting permits where not engaged as a business in
holding bank stocks; give the Board power to control matter of officers, directors, and employees of banks being connected with securities companies by regulation rather than by issuing of permits in
individual cases; eliminate any doubt that a holding company with a
permit to vote its shares may cumulate same as may any other shareholder; correct oversight in existing law so as to require member
banks to reduce their stockholdings in the Federal Reserve bank upon
a reduction of surplus; place State member banks on a parity with
national banks as regards limitation on loans secured by Government
obligations; in making loans to private concerns by Federal Reserve
banks to permit same to be made on adequate endorsement or adequate security instead of requiring both as at present; authorize the
Board to define the word "deposit" and related terms for the purpose of reserve requirements and permit amounts due from other
banks to be deducted from gross deposits in determination of reserve
balance requirements; extend present power of Board to regulate
payment of interest by member banks to include all insured banks
and require member banks to maintain same reserves against Government deposits as required against other deposits; amend Clayton Act
to permit Board to supervise matter of interlocking directorates by
regulation instead of by permit; and amend section 24 of the Federal
Reserve Act to exempt real-estate loans made for industrial purposes
in cooperation with Federal Reserve banks or the Reconstruction
Finance Corporation from the restrictions of that section.
14
REPORT OF THE COMPmOLLER OF THE CURRENCY
11. Consideration should be given to strengthening the provisions
of the law governing the Federal Deposit Insurance Corporation. In
view of the protection afforded depositors, no doubt many of the
States will follow the precedent established by Congress in eliminating
the double liability on shares of stock. Relieving shares of stock from
the double liability, and the insurance of bank deposits offer added
encouragement to the establishment of new banks. Great caution
should be exercised in the future in the establishment of either State
or national banks, or branches of either, in order to prevent a repetition of the failures of a few years ago. Under the present law, if a
bank's assets are sufficient to pay its liabilities, the Federal Deposit
Insurance Corporation must accept it as a member, although it may
have no capital structure.
The Comptroller's Office, under existing law, is in a position to
require national banks to maintain adequate, sound capital, and also
to prevent the organization of a new national bank unless it has
adequate, sound capital and unless there is need for additional banking facilities in the location chosen, and a reasonable prospect that
the bank will operate successfully. The Comptroller's Office is thus
able to protect the interests of the Federal Deposit Insurance Corporation in those respects with reference to national banks, particularly since the Comptroller is a member of the Board of the Corporation. There is, however, no such safeguard as to State banks, and
it is believed that the law governing the Federal Deposit Insurance
Corporation should be amended to make a State bank's admission
to the fund conditional upon the approval of its capital structure by
the Corporation; and in the case of a new State bank, the Board
should be required to pass upon the need for additional banking facilities in the place selected and upon the reasonable prospect of the
bank's successful operation.
It would be well to consider whether the law should not be further
amended to permit the Corporation, under proper limitations, to
purchase assets of an insured bank for the purpose of assisting in
merging such a bank with another, or of reorganizing when it becomes
apparent that a loss to the Corporation is impending. In this manner,
losses may be limited or minimized. Under the present law, the
Corporation may do nothing until a bank is closed and after that its
recovery is dependent upon liquidation. Recoveries through liquidation are certain to be less than the values which may be placed
upon the same assets by a going institution.
The law should be amended to provide for examination by the Corporation of State nonmember banks which become members of the
fund. An express provision should be made for reports of condition
by all insured banks not now reporting to a Federal agency at intervals
of not oftener than twice a year, such report to be as of the same date
as a call report made by national banks to the Comptroller of the
Currency.
The Banking Act of 1933 in section 11, subsection (d), makes specific
provision that security for deposits of postal savings funds in banks
shall not be required to the extent that such deposits are insured. A
general statutory provision should be enacted so that no security
shall be required under Federal statutes for any deposits in banks to
EEPORT OF THE COMPTROLLER OF THE CURRENCY
15
the extent that deposits referred to in such statutes are insured under
section 12 (b) of the Federal Reserve Act, as amended.
It is believed that Congress might well consider the advisability of
levying an annual assessment under the permanent plan in lieu of an
assessment merely to repair insurance losses, and that it might make
provision for carrying a portion of the assessment in a reserve which
could, ultimately operate to decrease such annual assessment. In
banking, as in other businesses, it is desirable when practicable to
anticipate the fixed charges, and, so far as possible, the cost of insurance should be made a fixed charge subject to reduction through
economical and efficient operation.
Miscellaneous incidental matters affecting the Federal Deposit
Insurance Corporation should be provided for as follows:
Extend criminal provisions applicable to officers of member banks
to officers of all insured banks. Eliminate reference to par value of
Federal Deposit Insurance Corporation stock in subsection E of
section 13 (b) of the Federal Reserve Act by substituting therefor the
amount paid for said stock; extend the prohibition in the present
law against gratuities to Federal examiners to examiners of all insured
banks and their officers and likewise extend to same the prohibition
against disclosure of confidential information; give the Federal courts
jurisdiction of actions against the Corporation; extend to the Corporation the protection now given to other Federal institutions against
misleading use of their names; and extend to all insured banks the
present law making robbery of member banks a Federal offense.
It would not be fitting to close this report without a word of appreciation to the hundreds of employees in the city of Washington,
throughout the United States, and, in fact, in many parts of the world
where our examiners are called to perform their duties. Of those who
have so faithfully served with me in Washington, I desire to make
special mention of F. G. Await, First Deputy Comptroller; E. H.
Gough, Second Deputy Comptroller; Gibbs Lyons, Third Deputy
Comptroller; J. E. Fouts, Supervising Receiver; W. P. Folger, Chief
National Bank Examiner; George P. Barse, General Counsel; George
R. Marble, Chief Clerk; E. F. Quinn, Chief of Organization Division;
Adele M. Stewart, Chief of Examining Division; W. A. Kane, Chief of
Statistical Division; C. E. Gross, Chief of Issue Division; W. F. Offutt,
Chief of Redemption Division; L. G. Copeland, Chief of Federal
Reserve Issue and Redemption Division; Margaret T. Hanlon, Acting
Chief of Bookkeeping Division; J. H. Finnegan, Auditor; J. M. Kane,
Administrative Assistant Conservator; John Young, Administrative
Assistant Conservator; F. B. Davis, Chief Clerk of Insolvent Division,
and L. H. Sedlacek and F. W. Krippel, who served successively as
Chief of Reorganization Division.
It is with great regret that I chronicle the passing of Mr. E. F.
Quinn, who for 21 years was Chief of the Organization Division. He
did much during his years of service in this capacity to aid in shaping
the policies of the Comptroller's Office upon questions concerning the
organization of new banks and the consolidation of banks. He was
recognized as an authority upon the subjects within the province of
his Division.
16
REPORT OF THI1 COMPTROLLER OF THE CURRENCY
Since my induction as Comptroller, two men have served as Secretary of the Treasury—Hon. William H. Woodin from March 4,
1933, to December 31, 1933, and Hon. Henry Morgenthau, Jr., since
January 1, 1934. Everyone who was familiar with the situation during and following the banking holiday is convinced that the strain
put upon Secretary Woodin hastened his death. He was another
soldier who fell in the service of his country. I should like to express
my appreciation of the fine spirit of cooperation which has existed
between this Bureau and the Secretary of the Treasury, Mr. Morgenthau. In him the Bureau has always found a sympathetic friend.
NATIONAL BANKS IN THE TRUST FIELD
Impressive gains in the number and volume of trusts under administration by the banks in the national banking system were reflected
during the fiscal year ended June 30, 1934. One thousand nine hundred and twenty-eight national banks had authority to exercise trust
powers on June 30, 1934, with combined capital of $1,452,519,428
and banking assets of $20,934,134,715, which represented 35.5 percent
of the number, 83.5 percent of the capital, and 87.6 percent of the
assets of all banks in the national-banking system.
Of the number authorized to exercise trust powers 1,560 banks had
active trust departments and were administering 122,022 individual
trusts with assets aggregating $8,516,551,744, and in addition were
administering 15,903 corporate trusts and acting as trustees for outstanding note and bond issues amounting to $11,484,461,737.
Compared with 1933 these figures represent a net increase of 25,785,
or 18.7 percent, in the number of trusts being administered; an increase of $2,204,893,991, or 34.9 percent, in the volume of individual
trust assets; and an increase of $1,066,034,800, or 10.2 percent, in the
volume of note and bond issues outstanding under which national
banks had been named to act as trustees.
Segregation of the number of fiduciary accounts in national banks
revealed that 66,481, or 48.2 percent, were those created under private
or living trust agreements; 55,541, or 40.3 percent, were trusts being
administered under the jurisdiction of the courts, and the remaining
15,903, or 11.5 percent, were trusteeships under corporate bond or
note-issue indentures. Private trust assets comprised $6,852,872,340,
or 80.5 percent, of the total assets under administration, while the remaining $1,663,679,404, or 19.5 percent, belonged to court trusts.
Invested trust funds aggregated $7,647,459,891, of which bonds constituted 47.1 percent, stocks 31.7 percent, real-estate mortgages 9.6
percent, real estate 6.9 percent, and miscellaneous assets 4.7 percent.
The impressive development of trust activities in national banks is
further emphasized by comparing the record in 1934 with that of
1929, which reflects an increase during the 5-year period of 61,937,
or 44.9 percent, in the number of trusts being administered; an increase
of $4,278,903,081, or 50.2 percent, in the volume of individual trust
assets under administration, and an increase of $4,114,307,281, or
55.8 percent, in the volume of bond and note issues outstanding for
which national banks are acting as trustees.
Two hundred and forty-nine national banks were acting as trustees
under 880 insurance trust agreements involving $42,467,908 in
proceeds from insurance policies, while 671 national banks had been
named trustees under 18,597 insurance trust agreements not yet
matured or operative, supported by insurance policies with a face
value aggregating $732,039,875.
Three hundred and sixty-four of the banks spent $249,278 during
the year for trust advertising, 40 banks employed full-time trust
solicitors, and 75 banks utilized the services of part-time trust solicitors.
17
18
REPORT OF THE COMPTROLLER OF THE CURRENCY
An analysis of the new business placed on the books of the national
banks between June 30, 1933, and June 30, 1934, developed that 231
banks were named trustees for 1,159 bond and note issues aggregating
$602,576,909; 785 banks were named to act as individual trustees
under 7,360 agreements involving $380,758,416; 748 banks were named
to act under 2,649 executorships involving $121,641,275; 550 banks
were named as administrator under 1,486 appointments involving
$26,699,211; 551 banks were named under 3,671 guardianships involving $12,678,705; 11 banks were named to act as assignee in 41
instances involving $813,911; 44 banks were named to act in 227receiverships involving $6,437,025; 129 banks were named to act as committee of estates of lunatics in 408 cases involving $2,385,814, while
402 banks were named to act 7,139 times in miscellaneous fiduciary
capacities, other than those enumerated above, involving $625,722,473.
Eighty-six banks were named registrar of stocks and bonds in 323
cases involving $392,960,996, while 66 banks were named transfer
agent in 276 instances involving $41,760,938.
National-bank branches, numbering 173 on June 30, 1934, were
actively engaged in administering 12,617 trusts, with individual trust
assets aggregating $770,715,941, and were acting as trustees for outstanding bond and note issues amounting to $362,395,271.
The following tables show in detail the activities of national banks
in the trust field, segregated: First, according to capital of the banks;
second, according to the population of places in which the banks were
located; third, according to Federal Reserve districts, and fourth,
analysis of the type of investments held in trust, with a supplemental
table showing the extent to which national-bank branches were
furnishing trust service to the communities in which they were located.
Fiduciary activities of national banks during year ended June 80, 1984t segregated according to capital
Banks
with
capital
of $25,000
Number of national banks with trust powers but not administering trustsNumber of national banks with trust powers administering trusts
Total number of national banks authorized to exercise fiduciary
powers
_
47
Total assets of banking departments of national banks authorized to
$19,501,427
exercisefiduciarypowers
Investments
Deposits in savings banks.
Deposits in other banks
Deposits in own bank
Other assets
Banks
with capital over
$25,000 to
$50,000
70
159
Banks with
capital over
$50,000 to
$100,000
Banks w i t h
capital over
$100,000 to
$200,000
Banks w i t h
capital over
$200,000 to
$500,000
121
319
72
464
44
440
536
438
Banks with
capital over
$500,000
16
292
Total
g
1,560
1,928
H3
$105,218,869
$653,957,791 $1,319,224,979 $2,041,938,717 $16,794,292,932 $20,934,134,715
W
TRUST ASSETS
TotalPrivate trusts _
Court trusts...
35,093,148
581,159
3,165
3, 551,611
2,086,384
151,745,996
1,444,135
486, 575
7, 752,899
2, 573,754
416,693,770
3,489, 211
922,521
15,034,812
16,172,765
7,041,030,578
8,596, 720
5,254,436
194,196,896
606,182,164
7,647,459,891
14,182,447
6,666,702
221,008, 376
627,234,328
192, 297
3, 466, 748
41, 315, 467
164, 003,359
452,313,079
7,855,260,794
8, 516,551,744
80,954
111,343
887,165
2,579, 583
15,659, 774
25,655,693
81, 258,754
82, 744,605
273, 643,488
178,669,591
6,481, 342, 205
1,373,918, 589
6,852,872,340
1,663,679,404
192, 297
3,466, 748
41,315, 467
164, 003, 359
452,313,079
7,855,260,794
8,516, 551,744
$102, 750
7
14
4
8
32
40
7
47
$9,157
$4,807
$209, 525
35
60
10
82
388
470
13
483
$49, 525
$7, 376
$24,169,275
214
279
91
1,240
3,249
4,489
383
4,872
$129, 516
$9, 204
7
9
$26,055
$20,266
48
$54,823,809
378
428
181
5,265
10,323
15, 588
574
16,162
$353,455
$10, 521
33
66
$45, 749
$22,875
150
LIABILITIES
TotalTotal volume of bond issues outstanding for which banks are acting as
trusteeNumber of national banks administering private trusts
Number of national banks administering court trusts
Number of national banks administering corporate trusts
Number of living trusts being administered
_
_
_
Number of court trusts being administered. __
Total number of individual trusts being administered
Number of corporate trusts being administered
Total number of trusts being administered
._.
Average volume of individual trust assets in each bank
_
Average volume of trust assets in each individual trust
Number of national banks administering insurance trusts
Number of insurance trusts being administered
_
_.
Average volume of insurance trust assets in each bank
Average volume of insurance trust assets in each trust
Number of national banks holding insurance trust agreements not operative.
44, 961
1,684
2,770, 792
51,177
5
427,197
217, 577
125,607
20,045
$154,459,960 $11, 250,696,418 $11,484,461,737
1,262
279
349
279
1,429
369
240
735
209
50,951
66,481
8,935
29,040
55, 541
12, 509
79,991
122,022
21,444
13,704
1,222
15,903
137,925
22,666
$26,901, 578
$5,459,328
$1,148,003
$98, 202
$69,795
$21,093
151
249
58
698
880
107
$232,239
$102,413
$170,554
$49,909
$48,259
$55, 513
240
229
671
Q
O
w
o
cj
to
Fiduciary activities of national banks during year ended June 30, 1934, segregated according to capital —Continued
o
Banks
with
capital
of $25,000
Banks
with capital over
$25,000 to
$50,000
Banks with
capital over
$50,000 to
$100,000
Banks with
capital over
$100,000 to
$200,000
Banks with
capital over
$200,000 to
$500,000
Banks with
capital over
$500,000
Total
O
LIABILITIES—continued
Number of insurance trust agreements not operative
Face value of policies held under above agreements
.
Average number of insurance trust agreements not operative held by each
bank.
Average volume of insurance policies held by each bank under trust agreements not operative
_
Average volume of insurance policies per trust held under agreements not
operative
.-.
Average gross earnings per trust for fiscal year ended June 30,1934...
Average gross earnings per trust department reporting trust earnings for
fiscal year ended June 30,1934
.__
N u m b e r of banks reporting amounts spent annually for trust advertising..
Average amount spent annually b y each reporting bank for trust advertising
_N u m b e r of banks employing full-time trust solicitors
_
Number of banks employing part-time trust solicitors
15
$333, 300
$211
421
$3, 760, 252
621
$17, 753,946
2,346
$79,982,022
15,194
$630, 210,355
18,597
$732,039,875
4
9
4
10
62
28
$83, 325
$78, 339
$118, 359
$349, 266
$2, 551,459
$1,090, 969
$22, 220
$44
$8,932
$44
$28, 589
$45
$34,093
$71
$41,478
$39, 363
$172
$419
5
$807
57
$1, 740
71
$4, 367
$75, 560
130
$17,042
364
$65
$56
$140
3
23
$1,466
35
25
40
75
oa
$289
2
17
Fiduciary activities of national banks during year ended June 30, 1934, segregated according to population of places in which banks were located
Places with
population
1,000 t o 2,499
less t h a n 1,000
2,500 t o 4,999
5,000 t o 9,999
O
o
JTJ
W
10,000 t o 24,999
25,000 t o 49,999
o
dumber of national banks with trust powers but not administering trusts
Number of national banks with trust powers administering trusts
27
41
70
134
Total number of national banks authorized to exercisefiduciarypowers. _
68
Total assets of banking departments of national banks authorized to exercise
fiduciary powers
_ $50,740,305
204
288
336
404
218
$231,653, 852
$430, 262,924
$644,995, 768
$1, 278, 405, 706
$1, 037, 048, 044
11,451, 585
76,698
33,917
33,454, 254
135,108
144,278
59,112, 403
425,160
113,944
192,310, 287
2,338, 430
671, 274
235, 074,007
2,137,078
55,334
Investments
*
Deposits in savings banks
Deposits in other banks.
TBTJST ASSETS
-
4,533.243
85,454
2,966
67
221
80
256
68
336
24
194
3
Q
Deposits in own bank.
Other assets
Total.
Q Private trusts..
GO Court trusts—
LIABILITIES
Total .
Total volume of bond issues outstanding for which banks are acting as trustee._
Number of national banks administering private trusts
Number of national banks administering court trusts
Number of national banks administering corporate trusts
Number of living trusts being administered
Number of court trusts being administered
Total number of individual trusts being administered
Number of corporate trusts being administered
Total number of trusts being administered
Average volume of individual trust assets in each bank
Average volume of trust assets in each individual trust
Number of national banks administering insurance trusts
Number of insurance trusts being administered
Average volume of insurance trust assets in each bank
Average volume of insurance trust assets in each trust
Number of national banks holding insurance trust agreements not operative. _
Number of insurance trust agreements not operative
Face values of policies held under above agreements
Average number of insurance trust agreements not operative held by each bank_
Average volume of insurance policies held by each bank under trust agreements
not operative
Average volume of insurance policies per trust held under agreements not
operative
_'
Average gross earnings per trust for fiscal year ended June 30, 1934
Average gross earnings per trust department reporting trust earnings for fiscal
year ended June 30, 1934
Number of banks reporting amounts spent annually for trust advertising
Average amount spent annually by each reporting bank for trust advertisingNumber of banks employing full-time trust solicitors
_
Number of banks employing part-time trust solicitors
301,369
72, 503
1, 035, 950
408, 448
2, 506, 992
353, 573
3,857, 722
876, 385
8, 503, 937
1, 922, 775
9, 228,057
14, 553, 212
4,995, 535
13, 006, 598
36, 594, 205
64, 385, 614
205, 746, 703
261,047,688
1,911,850
3,083, 685
5, 453, 548
7, 553,050
14,109, 734
22, 484,471
27, 563, 724
36,821,890
100, 722,151
105, 024, 552
157, 602,421
103,445, 267
4,995, 535
13,006, 598
36, 594, 205
64. 385,614
205, 746, 703
261,047, 688
365,100
2, 596,129
16, 711, 581
21, 221, 404
53, 381, 555
67, 423, 944
29
35
7
271
349
620
13
633
$121,842
$8,057
85
119
25
612
1,493
2,105
50
2,155
$97,064
$6,179
1
2
$43,162
$21, 581
20
51
$756, 240
154
199
68
1,871
4,114
5,985
251
6,236
$165, 585
$6,114
6
31
$63, 806
$12, 349
41
149
$3, 375, 557
4
199
229
93
2,327
5,321
7,648
308
7,956
$251, 506
$8, 419
11
13
$14,897
$12, 605
62
297
$7, 547,385
5
310
159
4,651
8,449
13,100
545
13, 645
$612,341
$15, 706
25
45
$48,495
$26,942
136
1,089
!3, 792,109
8
173
186
105
4,231
5,798
10,029
722
10, 751
$1,345,607
$26,029
39
69
$42,939
$24, 270
111
1,118
$35,869, 690
10
4
17
$369,857
4
$37, 812
$82, 331
$121, 732
$174,942
$323,150
$21, 756
$30
$14,828
$35
$22, 655
$25, 412
$21,848
$59
$32, 084
$701
3
$60
$711
19
$71
$877
29
$69
1
$1,488
49
$135
$2, 606
71
$192
3
13
$4,813
53
$283
1
12
3
a
o
g
w
o
d
tzj
Fiduciary activities of national banks during year ended June 30, 1934, segregated according to population of places in which banks were located—
Continued
Places with
population
50,000 to
99,999
Number of national banks with trust powers but not administering trusts
Number of national banks with trust powers administering trusts
Total number of national banks authorized to exercisefiduciarypowers..
Total assets of banking departments of national banks authorized to exercise
fiduciary powers
-..
Investments. _
_
Deposits in savings banks
Deposits in other banks
Deposits in own bank
Other assets
Total
Private trusts
Court trusts
Total
_
9
127
136
$1,175,016,824
100,000 to
249,999
250,000 to
499,999
500,000 to
999,999
1,000,000 or
over
to
l oiai
3
8
113
7
68
121
75
33
45
1,928
^
$1,971,031, 683 $2,514,858,035
$3,855,171,006
$7, 744,950,568
$20,934,134,715
^
903,376,394
386, 727
669,521
23,903,410
97,074, 223
850,786,460
1,316,973
1,814,926
26,268,298
217,786,505
4,302,301,993
294,158
2,106,298
115,346,820
249,672,071
7,647,459,891
14,182,447
6,666, 702
221,008,376
627,234,328
o
»=i
H
J§
1,025,410, 275
1,097,973,162
4,669,721,340
8,516,551,744
Q
742,012, 647
283,397,628
915, 291,539
182,681,623
4,131,184,034
538,537,306
6,852,872,340
1,663,679,404
H
&j
3
30
5
40
368
1,560
H
Q
TRUST ASSETS
-
_..
386,416,660
2,102,361
518,656
12,953,675
22,499,545
668,642,605
4,884,300
535,588
17,102,146
22,015,088
424,490,897
713,179, 727
234,558,773
189,932,124
522,461,919
190,717,808
n
LIABILITIES
_
_.
Total volume of bond issues outstanding for which banks are acting as trustee.
Number of national banks administering private trusts
Number of national banks administering court trusts
Number of national banks administering corporate trusts
Number of living trusts being administered
_
Number of court trusts being administered
_
Total number of individual trusts being administered-_ _
Number of corporate trusts being administered
Total numbers of trusts being administered
Average volume of individual trusts assets in each bank
Average volume of trust assets in each individual trust
Number of national banks administering insurance trusts
Number of insurance trusts being administered
Average volume of insurance trust assets in each bank
Average volume of insurance trust assets in each trust
Number of national banks holding insurance trust agreements not operative..
Number of insurance trust agreements not operative
Face value of policies held under above agreements
424,490,897
713,179, 727
1, 025,410, 275 1,097,973,162
$189,484, 520
$189,582,395
116
119
82
107
109
86
65
62
59
5,203
7,678
12,881
8,484
6,205
14,689
1,202
15,891
$6,311,325
$48,552
7,277
4,603
11,880
2,405
14,285
$15,079,563
$86,314
815
13,696
$3,342,448
$32,955
8,516,551,744
O
$9,384,692,075
$11,484,461,737
,,
29
28
25
36
33
26
1,262
1,429
H
W
7,160
4,403
11,563
2,533
14,096
$36, 599,105
$94,956
24,394
7,128
31,522
7,059
38, 581
$116,743,034
$148,142
735
66,481
H
_
$505,118, 374 $1, 053,884,660
4, 669,721, 340
47
105
56
152
33
127
16
111
15
225
$173,440
$77, 635
96
2,146
$76,492,923
$82,171
$30,273
92
2,968
$105,937,524
$141,142
$36,675
$455, 265
$65,624
$953,058
$63,537
9Q
3,520
$205,651,389
4,164
$156,195,438
9ft
Zu
3,078
$116,051,763
55,541
122,022
15,903
137,925
$5,459,328
$69,795
249
880
$170,554
$48,259
671
18,597
$732,039, 875
9
3
2
2
5
5
3
*•
Average number of insurance trust agreements not operative held by each bank.
Average volume of insurance policies held by each bank under trust agreements
not operative
_
Average volume of insurance policies per trust held under agreements not
operative
Average gross earnings per trust forfiscalyear ended June 30,1934
Average gross earnings per trust department reporting trust earnings for fiscal
year ended June 30,1934
Number of banks reporting amounts spent annually for trust advertising
Average amount spent annually by each reporting bank for trust advertising..
Number of banks employing full-time trust solicitors.__
Number of banks employing part-time trust solicitors
22
32
77
118
121
28
$796,801
$1,151,495
$2,892, 508
'A, 463,529
$7,091,427
$1,090,969
$35,644
$87
$35,693
$132
$37,511
$160
$37,704
$201
$58,424
$338
$39,363
$172
$9,699
45
$397
1
11
$19,487
42
$1,001
8
11
$36, 295
28
$1,653
$101,270
9
$4,996
9
3
$342,949
16
$3,711
$17,042
364
$685
40
75
feJ
3
w
Q
O
o
O
d
w
o
to
00
Fiduciary activities of national banks by Federal Reserve districts as of June 30, 1934
Federal Reserve districts
Number
banks exercising
fiduciary
powers
Number
with authority
but not
exercising
powers
Total
Total banking
number
Capital of
author- banks author- assets of banks
ized to ized to exercise authorized to
exercise fiduciary pow- exercise fiduciary powers
fiduciary
ers
powers
Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
MinneapolisKansas City..
Dallas
San Francisco.
178
278
237
114
125
80
167
79
55
103
64
211
311
254
132
140
110
205
112
105
164
91
93
Total—
1,560
1,928
Federal Reserve districts
of
Bond issues out- Number
banks adstanding where ministering
banks act as
insurance
trustee
trusts
Boston
New York...
Philadelphia _
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas
San Francisco
$460, 635,960
6,123,959, 955
112, 685, 334
316,951, 688
109, 531,861
226,476, 234
3,092, 532,185
56,099,445
139, 238, 269
82,555,955
72,149,044
691,645,807
Total...
11,484,461, 737
3,419
4,866
9,092
4,417
2,121
3,266
21, 544
1,002
1,864
2,719
1,076
20, 934,134, 715
Court
trusts
Total
Number
of corAssets of indi- porate
trusts
vidual trusts
being
administered
11, 095
3,582
6,964
13,063
6,141
3,940
2,005
6,760
1,817
2,943
1, 440
623
6,263
7,001
11, 830
22,155
10, 558
6,061
5,271
28, 304
2,819
4,807
4,159
1,699
17, 358
$402,901,322
777,399,118
337,965, 680
602, 709, 686
280,132,127
348, 793, 322
3, 754, 671,151
65, 582,625
372,978,944
318, 495, 838
117, 212, 419
1,137, 709, 512
587
1,348
678
1,309
291
882
6,057
542
489
1,078
437
2,205
66, 481
55, 541
122, 022
8, 516, 551, 744
15,903
Number of
Number of Volume of as banks holding insurinsurance sets of insurtrusts being ance trusts un- ance trust
adminisder adminis- agreements
not operatered
tration
tive
66
97
129
82
37
71
155
14
14
71
36
108
249
Living
trusts
$1,901, 847, 200
5, 420,422,413
1,680,600,917
1,415, 270,060
847, 409,171
924, 940, 644
2,840, 357, 626
655, 659, 211
664, 413,778
889, 211,920
821, 799, 231
2, 872,202, 544
$143,769,717
401,822, 582
100,057,080
93, 657, 372
56, 559,177
74,830,000
210,113, 500
43, 790, 000
46,905,000
50, 260,000
59,315,000
171, 440,000
1, 452, 519, 428
Individual trusts
Tru:-t deFace value of
Number of insurance
poli- partment
insurance cies held under
gross
trust agree- trust agree- ings forearnfiscal
ments not
year ended
ments not
operative
June 30, 1934
operative
$2, 573, 791
5, 289,188
9, 435. 348
5, 202,536
983, 889
2, 515,485
8, 362, 774
800,981
650, 303
2, 323, 766
1, 032, 665
3, 297,182
71
115
112
61
51
36
60
18
20
42
37
48
1,417
2,256
1,517
1,572
1,004
• 1,014
2,390
197
1,126
1,662
712
3,730
$54, 860,138
126, 668,143
60,123, 502
68, 813, 757
34, 677,132
39,018, 312
112, 799,487
8,370,118
45, 785, 556
50,081, 589
24,865,850
105,976, 291
$1,684,000
6,168,000
1, 000, 000
1,164,000
716,000
774,000
6, 368, 000
239,000
692,000
915,000
374,000
3, 522,000
42, 467,908
671
18, 597
732,039, 875
23, 616,000
W
teJ
Q
O
K
3
o
I
H
W
o
Classification of investments in living and court trust accounts under administration by the active national-bank trust departments, segregated
according to capital of banks and population of places in which national banks were located on June 80, 1934
Trust investments classified according to capital of
banks administering trusts
Banks
Banks
Banks
Banks
Banks
Banks
with
with
with
with
with
with
capital
capital
capital
capital
capital
capital
of $25,000
over $25,000 to $50,000...
over $50,000 to $100,000..
over $100,000 to $200,000.
over $200,000 to $500,000.
over $500,000
Total
Trust investments classified according to population of
places in which banks administering trusts were located
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
population
population
population
population
population
population
population
population
population
population
population
less than 1,000
of 1,000 to 2,499
of 2,500 to 4,999..
of 5,000 to 9,999
of 10,000 to 24,999
of 25,000 to 49,999
of 50,000 to 99,999
of 100,000 to 249,999
of 250,000 to 499,999
of 500,000 to 999,999
of 1,000,000 or over
Total..
Bonds
Percent
Stocks
Percent
Real-estate
mortgages
Percent
Real estate
Percent
Miscellaneous
Percent
Total investments
21.94
16.55
21.65
29.60
17.19
8.66
$23, 738
307, 539
5,015,127
15, 759, 398
50,086, 953
460, 360, 370
18.90
11.09
14.29
10.38
12.02
6.54
$17, 373
220,181
1, 345,022
8, 385,069
29, 677, 912
317, 676, 072
13.82
7.95
3.83
5.53
7.12
4.51
35,093,148
151, 745, 996
416,693, 770
7, 041, 030, 578
$125, 607
1,165, 368
13, 453, 609
46, 770,817
138.122, 012
3, 402; 866, 964
$6, 031
40.53
•619, 242
42.06
7, 683,130
38.34
35,913, 254
30.82
33.15
127,180, 487
48.33 2, 250, 092, 344
4.81
$27, 560
22.35
458, 462
21.89
7, 596, 260
23.67 44,917, 458
30.52 71, 626, 406
31.96 610, 034, 828
3, 602, 429, 675
47.10 2,421,494, 488
31.66 734, 660,974
9.61
531, 553,125
6.95
357, 321, 629
4.68
7, 647,459, 891
W
Percent
Percent
Real-estate
mortgages
Percent
Real estate
Percent
Miscellaneous
Percent
Total investments
O
O
27.04 $1, 422, 778
24.10
3, 753,121
23.04 11, 962, 452
20.64 20,985, 703
32.04 41, 210, 580
29.18 32, 227,088
29.33 70, 256, 901
39.29 86, 632, 802
26.25 91, 425, 725
38.83 94, 784, 717
30.77 279, 999,107
31.39
32.78
35.76
35.50
21.43
13.71
18.18
12.96
10.12
11.14
6.51
$385, 760
854,123
2, 437,749
6,977,383
19, 217, 534
33, 904, 972
41, 249,170
67, 627, 402
55, 348, 583
60, 474,182
243, 076, 267
8.51
7.46
7.29
11.80
9.99
14.42
10.67
10.11
6.13
7.11
5.65
, 421, 494, 488 31.66 734, 660,974
9.61
531, 553,125
6.95
$50,905
B.onds
$1, 275, 295
3, 476, 621
10, 459, 489
16, 797, 942
59, 888, 504
85, 234, 544
135,162, 308
207, 903, 367
445, 902, 551
326, 029, 629
, 310, 299,425
Stocks
28.12
$1, 225, 785
30.36
2, 759, 572
31.27
7, 707, 319
28.42
12,199, 915
31.14
61, 619, 010
36.26
68, 598, 549
34.98
113,319,231
31.09
262, 697, 659
49.36
237,156, 376
38.32
330, 336,998
53.69 1, 323,874, 074
3, 602,429, 675 47.10
2, 770, 792
$223, 625 4.94
608,148 5.30
887, 245 2.64
2,151, 460 3.64
10, 374, 659 5.40
15,108, 854 6.43
26, 429, 050 6.84
43, 781, 375 6.55
73, 543,159 8.14
39,160, 934 4.60
145, 053,120 3.38
$4, 533, 243
11, 451, 585
33,454, 254
59,112, 403
192, 310, 287
235, 074, 007
386,416,660
668, 642, 605
903, 376, 394
850, 786, 460
4, 302, 301,993
357, 321, 629
7,647,459,891
4.68
§
H3
W
o
Classification of investments in living and court trust accounts under administration by the active national-bank branches with trust departments,
segregated according to population of places in which branches were located on June 80, 1934
Trust investments classified according to population of
places in which branches were located
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
Places with
population
population
population
population
population
population
population
population
population
population
population
of less than 1,000.._
of 1,000 to 2,499
of 2,500 to 4,999
of 5,000 to 9,999
of 10,000 to 24,999..
of 25,000 to 49,999..
of 50,000 to 99,999..
of 100,000 to 249,999.
of 250,000 to 499,999
of 500,000 to 999,999
of 1,000,000 or over.
Total
Bonds
$39,814
95,534
336,131
943,929
1,142,404
6,072,262
24,842,451
10, 680, 695
15,360,421
32,282,427
163,796,770
Percent
20.45
13.91
17.39
19.17
23.13
28.51
37.84
28.19
42.34
50.47
33.31
255, 592,838 35.03
Stocks
$102,961
193,958
580,536
1,125,555
1, 579,979
5, 266,873
19,166,539
15, 749,966
9, 504,139
16,949,692
156,193,591
Percent
Real estate Permortgages cent
52.90
28.23
30.04
22.85
31.98
24.73
29.20
41.57
26.20
26.50
31.76
$19, 267
53, 258
237, 265
570, 271
984,092
2,663, 815
9,867,895
3,367,971
1, 306,914
7,316, 797
70, 329, 780
9.90
7.75
12.27
11.58
19.92
12.51
15.03
8.02
3.60
11.44
14.30
226, 413, 789 31.03 96, 717,325 13.26
Real estate
$25,880
278,835
454, 566
1,888,545
887,776
6,500,043
9, 481, 507
5, 513,388
5, 937,842
2,053,557
81, 606, 725
Percent
Miscellaneous
13.30
40.59
23.52
38.34
17.97
30.52
14.44
14.55
16.37
3.21
16.59
$194,638
$6, 716 3.45
686,948
65, 363 9.52
1,932,620
324,122 16.78
8.06
4,924,939
4,939,648
345,397 7.00
791,091 3.73 21,294,084
2,287,915 3.49 65,646,307
2,576,362 7.67 37,888,382
4,170,264 11.49 36, 279,580
5,365,237 8.38 63,967,710
19,872,025 4.04 491,798,891
114, 628, 664 15.71 36, 201,131
Percent
4.97
Total investments
729,553,747
Fiduciary activities of national-bank branches with trust departments during year ended June 80y 1934, segregated according to population of
places in which branches were located
Places
with
population of
less than
1,000
1,000 to
2,499
2,500 to
4,999
10,000 to
24,999
5,000 to
9,999
25,000 to
49,999
50,000 t o
99,999
250,000 t o
499,999
100,000 t o
249,999
1,000,000
500,000 t o
999,999
Total
or over
Number of national-bank branches
with active trust departments
10
30
25
16
12
173
Total assets of banking departments of branches administering
trusts
$5, 779,082 $22,863, 593 $30,016,140 $59, 690, 790 $61, 292, 223 $81, 717, 384 $116, 314, 858 $90,897,698 $118,943,079
$5, 372,824 $276,058,639 $868,946, 310
TRUST ASSETS
Investments
Deposits in savings banks..
Deposits in other banks
Deposits in own bank
Other assets
Total
194,638
1,932,62C
4, 924,939
24,428
4,939, 648 21, 294,084
11, 246
176, 076
65, 646, 307 37,888, 382
159, 768
7r~
9,444
3,124
207, 206
76,671
68,123
192, 675
9,708
344,813
134,156
831,742
2,135,003
5, 428,336
6, 354, 305 22, 688,097
69, 209, 570 39,821,483
36, 279, 580 63,967,710 491,798,891 729, 553, 747
47,004
17, 620
454, 368
11,138
1,026,876
6,613
1,033,489
1, 801, 219 2,134, 537 13, 513,053 23, 538, 912
128, 263
779,184 12, 528, 511 16,135,425
38,233, 295 66,892,569 518,914,335 770, 715,941
91,025
116,181
324,294
507,448
874, 626
1, 260, 377
207, 206
831, 742
2,135,003
2, 207, 780
3, 220, 556
5, 428, 336
2, 581, 845 14,491,401 ^4,415, 359 27,758, 743
3, 772, 460 8,196, 696 34, 794, 211 12, 062, 740
6, 354, 305 22, 688, 097 69, 209, 570 39, 821, 483
26, 226, 638 61, 624, 472 363,774,121 534, 370, 304
12, 006, 657 5, 268, 097 155,140, 214 236, 345, 637
38, 233, 29 66, 892, 569 518,914,335 770, 715,941
$20, 933
$9, 400
16
19
17
14
12
6
6
2
17
23
18
14
12
6
6
2
1
1
802, 390
601,021
844,627
373,310
2, 467, 382
936,113
352,101
573, 912
LIABILITIES
Private trustsCourt trusts—
Total.
Total volume of bond issues outstanding for which branch banks are acting as trustee
Number of branches administering
private trusts
Number of branches administering
court trusts
Number of branches administering
corporate trusts
Total number of individual trusts being administered
Number of corporate trusts being administered
Total number of trusts being administered
Average volume of individual trust
assets in each branch
Average volume of trust assets in each
individual trust
Number of branches administering insurance trusts
137
18!
$439, 87.
$2, 033, 000 $10, 745, 900 $4,825, 709 $35, 043, 875 $22, 681,150 $286, 595,429 $362,395, 271
3
7
7
387
830
1, 357
5
1,046
6
1
798
1,191
2
1
6
20
62
61
128
173
139
396
393
850
1,419
1,107
926
1,364
$20,721;
$33,270
$85, 400
$180,945
$ll,51l|
$12,232
$15,584
$13, 743
1
$254,172 $1,418,006
$16, 419
$5, 323, 813 $4, 424, 609
$27, 335
$51, 002
$38, 070
4
9
4
9
37
5,057
11, 284
5,93'
12, 617
1,333
$6, 365, 549 $33, 446,1,285 $43, 242,861
$47,911
$56,165
110
127
$4, 455, 005
$102, 613
$68, 302
5
32
-Fiduciary activities of national-bank branches with trust departments during year ended June 80, 1934, segregated according to population of
places in which branches were located—Continued
Places
with
population of
less t h a n
1,000
5,000 to
9,999
2,500 to
4,999
1,000 to
2,499
100,000 to
249,999
50,000 to
99,999
25,000 to
49,999
10,000 to
24,999
250,000 to
499,999
500,000 to
999,999
1,000,000
Total
or over
LIABILITIES—continued
Number of insurance trusts being administered
Average volume of insurance trust
assets in each brancb,.
Average volume of insurance trust
assets in each trust
Number of branches holding insurance
trust agreements not operative
^Number of insurance trust agreements
not operative
-Face value of insurance policies held
under above agreements
Average number of insurance trust
agreements not operative held by
each branch
Average volume of insurance policies
held^ by each branch under trust
agreements not operative..
Average volume of insurance policies
per trust held under trust agreements
not operative
...
__ . .
Average gross earnings per trust for
fiscal vear ended June 30,1934
Average gross trust earnings per branch
reporting trust earnings for fiscal year
ended June 30, 1934
-Number of branches reporting
amounts spent annually for trust
advertising
Average amount spent annually by
each reporting branch for trust advertising
Number of branches employing fulltime trust solicitors
Number of branches employing parttime trust solicitors
1
2
1
7
13
7
11
49
98
$4, 536
$11, 285
$13,307
$27, 335
$35, 307
$51, 573
$68, 208
$482, 482
$700, 610
$155,411
$50, 747
$4, 536
$11, 285
$13, 307
$20, 530
$24, 443
$29,470
$31,004
$68, 926
$71, 491
4
12
11
18
16
12
11
6
5
1
8
104
11
46
45
90
134
124
259
226
309
189
634
2,067
$128, 579
$621, 530
$758, 734 $2, 492, 944 $3,146, 245 $3, 023, 207
$7,319,103 $6, 262, 786
$9, 722,824 $4, 922, 700 $32, 735, 254 $71,133,906
62
4
4
5
8
10
$51, 794
$68, 976
$138, 497
$196, 640
$251, 934
$1,143
$13, 512
$16, 861
$27, 699
$23, 479
$24,381
$28, 259
$27, 711
$31, 465
$129
$187
$125
$87
$129
$150
$163
$193
$187
$257
$528
$693
$1, 227
$2, 022
$7, 978
$17, 763
$23, 726
$28,899
3
$32,145
24
38
$665, 373 $1, 043, 791
189
79
20
$1,944, 565 $4, 922, 700
$4, 091, 907
$683, 980
$26, 046
$51, 633
$34, 414
$122
$283
$215
$83, 235
$139, 770
$16,014
2
2
922
1,300
2
1
1
4
1,111
1
2
2
5
4
NATIONAL-BANK FAILURES
During the year ended October 31, 1934, receivers were appointed
for 394 national banks. Of such total appointments, 40 were made
for the purpose of completing unfinished business or enforcing stock
assessments, the collection of which was necessary under or by reason
of contracts to succeeding institutions which purchased the assets of
such banks under terms by which depositors were paid in full. Of
the remaining 354 appointments for actual failures, 8 were restored to
solvency, leaving 346 to be liquidated by receivers. However, 20 insolvent national banks for which receivers were appointed in 1932
and 1933 were restored to solvency during the current year, making
a total of 28 insolvent national banks restored to solvency during the
year ended October 31, 1934. These figures for the year 1934 may7
be compared with figures for the preceding year of 319 receivers
appointments for actual failures, none of which was restored to solvency, with appointments of receivers for 29 banks to complete unfinished business or to enforce stock assessments.
In a further analysis of the 394 receivers' appointments for the
past year, it is found that 353 appointments were for banks formerly
in charge of conservators, including 3 licensed banks closed through
revocations of licenses prior to appointments of conservators; one
appointment for a licensed bank suspended with the immediate appointment of the Federal Deposit Insurance Corporation as receiver;
one appointment for an unlicensed bank placed in receivership without
the intervening appointment of a conservator, and 39 appointments
for banks formerly in voluntary liquidation.' Of the 353 appointments for banks formerly in charge of conservators, 148 with capital
of $13,680,000 and deposits of $86,143,700, are found to have been
straight receiverships without prior reorganizations or payments to
depositors, while 205 with capital of $59,225,520, were appointments
following reorganizations under conservators. The 205 banks with
deposits of $497,459,087, for which receivers were appointed following
reorganizations under conservators, paid depositors through the reorganizations effected prior to receivers' appointments, an estimated
amount of $264,313,000, or an average payment of 53.13 percent.
The capitalization of the 394 banks for which receivers were appointed during the past year was $56,525,000 as compared with the
capitalization of the 348 banks for which receivers were appointed
during the previous year of $76,107,500.
During the year ended October. 31, 1934, total costs incurred in
liquidation of insolvent national banks as reported by receivers,
amounted to 4.6 percent of total collections from all sources including
offsets allowed. This percentage of costs to collections for the year
1934 may be compared with percentages of 3, 3.2 and 3.2 for the
years 1931, 1932 and 1933, respectively. This 4.6 percent includes
all expenses incurred while the banks were in conservatorship from
March 1933, or over 19 months expenses as to conservator banks for
which receivers were later appointed. Moreover, the cost of opera29
30
REPORT OF THE COMPTROLLER OF THE CURRENCY
tion of a bank in conservatorship is greater than when in receivership. Therefore, the average cost of liquidation under receivers
would be comparable with the cost of the previous years operation.
Total collections from all sources, including offsets allowed, as reported
by receivers for the year ended September 30, 1934, amounted to
$501,718,516, while similar collections for the years 1931, 1932 and
1933 m aggregated $132,998,054, $263,482,046 and $356,678,150, respectively.
In reporting upon the progress and results of liquidation of insolvent
national banks for the year ended October 31, 1934, it has been possible for the first time to furnish data with respect to the earnings
of such banks while in process of liquidation, arising out of the accrual
and collections of interest, premiums, rents, etc. Expenses of receivership liquidation have heretofore been available from annual
reports submitted by the Comptroller's office and such items have,
it is believed, received considerable attention without perhaps due
consideration having been given to corresponding income earnings of
banks while in process of liquidation. From figures which are
furnished in later paragraphs relative to various groups of banks in
liquidation it now seems apparent that the income earnings of insolvent national banks during liquidation are on the average approximately equivalent to expenses incurred. In view of this proportion
of income to expenses in connection with the liquidation of insolvent
national banks, it may reasonably be asserted that depositors' equities
in the assets of failed national banks are not materially lessened because of receivership operations.
This office has continued during the year ended October 31, 1934, to
promote the distribution of dividends to depositors of insolvent
national banks. Not only has every effort been made to provide distributions wherever the normal process of liquidation would warrant
such action, but provision has been made for facilitating applications
for Reconstruction Finance Corporation loans to receivers of insolvent
national banks wherever possible in order to further increase the
payments of dividends to depositors. Reconstruction Finance Corporation loan commitments so obtained by receivers of insolvent
national banks during the year ended October 31, 1934, as indicated
by the records of this office, amounted to $106,484,700, while cash
advances actually drawn totaled $139,160,885. Total loan commitments obtained by receivers of insolvent national banks from the Reconstruction Finance Corporation from the date of its organization to
October 31, 1934, as indicated by the records of this office, amounted
to $255,675,200, while cash advances obtained thereunder totaled
$193,049,684. Total Reconstruction Finance Corporation unused
loan commitments and unpaid advances to receivers of insolvent
national banks as of October 31, 1934, were, according to the records
of this office, $44,904,325 and $74,246,615, respectively. An indication
of the general distribution of and benefit derived from these loans by
depositors of those banks involved is evident from the fact that such
loans both hastened and increased the payments of dividends to
depositors of approximately 885 insolvent national banks located in
43 of the 48 States and in the District of Columbia.
Reorganization activity during the year ended October 31, 1934,
has, of course, centered largely in the group of 455 unlicensed banks
with deposits of $429,997,037, which as of January 1, 1934, were still
REPORT OF THE COMPTROLLER OF THE CURRENCY
31
in charge of conservators without reorganizations having been effected.
The extent of reorganization activity in this group of banks, referred
to in more detail elsewhere in this report, is evident from a total number of 368 reorganizations during the current year, releasing deposits
of approximately $183,765,000. However, reorganization efforts on
the part of this office have by no means been confined to the group of
unlicensed banks for which receivers had not been appointed. On the
contrary, in all cases where, regardless of receivers' appointments,
existing circumstances indicated the possibility for reorganizations,
every effort has continued to be put forth by this office to assist and
cooperate with local depositors' committees in effecting sound reorganizations. That such efforts to reopen or reorganize national banks
in receivership have been to an appreciable extent successful is clearly
evident from the fact that during the current year 28 insolvent
national banks with deposits of approximately $21,280,000 have been
completely restored to solvency and either reopened or sold to other
institutions, while in 10 additional instances reorganizations have
been effected through the medium of Spokane sales of assets to other
institutions, providing for releases of deposits amounting to approximately $6,350,000. Further efforts to effect reorganizations of banks
in receivership will continue to be made where circumstances indicate
the soundness of reorganization plans advanced.
Relative to the length of time required to complete liquidation of
insolvent national banks, a compilation has been made covering those
insolvent national banks finally closed during the year ended October
31, 1934, and for those receiverships finally closed during the 13-year
period, November 1, 1921, to October 31, 1934. From data compiled
it has been found that insolvent national banks finally closed during
the year ended October 31, 1934, exclusive of those banks which were
restored to solvency and those for which receivers were appointed for
the purpose of completing unfinished business or enforcing stock
assessements, required an average period of 6 years, with a minimum
period of 2 years, for liquidation. With reference to insolvent national
banks, the affairs of which were finally closed during the 13-year
period 1921 to 1934, exclusive of those banks restored to solvency
and banks for which receivers were appointed for the purpose of
completing unfinished business or enforcing stock assessments only,
the average period of liquidation was found to have been 5 years.
In following paragraphs will be found tables reflecting the results
and progress of liquidation to date for various groups of insolvent
national banks, those which have been completely liquidated from
the date of the first national bank failure in 1865 to date, and those still
in process of liquidation as of October 31,1934, etc. These tables are
supported by various schedules appearing in the appendix of this
report furnishing in detail for each insolvent national bank in liquidation during the current year data as to the progress and results of
the receiver's administration thereof.
Receiverships, year ended October 31, 1934
Of the 394 national banks for which receivers were appointed during
the past year, 8 were restored to solvency, leaving 386 banks to be
administered by receivers. Of the 386 national banks so administered
by receivers 40 appointments were made for the purpose of completing
32
KEPOET OF THE COMPTROLLER OF THE CURRENCY
unfinished business or enforcing stock assessments, leaving 346 to be
actually liquidated by receivers. The capital of the 394 insolvent
national banks for which receivers were appointed was $56,525,000.
The capital of the 40 banks for which receivers were appointed to
complete unfinished business or enforce stock assessments was
$8,920,000. The capital of the 8 banks restored to solvency was
$685,000 and the capital of the remaining 346 banks to be liquidated
by receivers was $46,920,000.
Stock assessments levied by the Comptroller of the Currency to
October 31, 1934, against shareholders of the 386 national banks
administered by receivers, with capital of $55,840,000, amounted to
$40,938,750, while the assets of such banks, including assets acquired
subsequent to their failure, totaled $615,562,497. Collections from
these assets, including offsets allowed and collections from stock
assessments as reported by receivers to September 30, 1934, amounted
to 30.3 percent of such assets and stock assessments. Total income
earnings collected by receivers from the assets of these banks amounting to $9,111,347 were in excess, or 122.89 percent, of total expenses
incurred. These collections and the disposition thereof were as
follows:
Liquidation statement, 386 administered receiver ships, year ended Oct. 81, 1934
Collections:
Collections from assets
$171, 780, 302
Collections from stock assessments
8, 065, 482
Income earning collections
9, 111, 347
Offsets allowed and settled (against assets)
19, 065, 592
Unpaid balance Reconstruction Finance Corporation loans. _ 31, 890, 022
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the
protection of assets
^_
Payment of receivers7 salaries, legal and other expenses
Payment of conservators' salaries, legal and other expenses. _
Cash balances in hands of Comptroller and receivers
Total
239, 912, 745
17, 182,
422,
81, 518,
13, 410,
606
679
734
942
76, 993,
19, 065,
703,
2, 554,
4, 859,
23, 200,
814
592
996
740
441
201
239, 912, 745
In addition to the above record, it is found that total secured and
unsecured claims proved as reported by receivers to September 30,
1934, aggregated $201,202,090. The outstanding circulation of the
386 banks at date of failure was $30,148,474, secured by United States
bonds on deposit with the Treasurer of the United States of a par
value of $34,249,220. Total deposits of these banks at date of failure
amounted to $381,108,228, while borrowed money consisting of bills
payable, rediscounts, etc., totaled $92,592,549.
REPORT OF THE COMPTROLLER OF THE CURRENCY
33
Receiverships, 1865-1934
From the date of the first failure of a national bank in the year 1865
to October 31, 1934, 2,908 national banks have been placed in charge
of receivers. Of this number, 145 have been restored to solvency and
either reopened or sold to other institutions and one bank eliminated
through revocation of the receiver's commission as of the date of
issuance, leaving 2,762 banks to be administered by receivers. Of
these banks so administered, 1,543 are still in process of liquidation
and 1,219 have been completely liquidated and the affairs thereof
finally closed.
The capital of the 2,908 insolvent national banks at the date of
failure, exclusive of the one bank eliminated through revocation of the
receiver's commission, was $382,055,505. The capital of the 145
banks that have been restored to solvency was $22,115,000. The
capital of the 1,543 banks that are still in process of liquidation was
$231,870,085, and the capital of the 1,219 banks that have been completely liquidated was $128,070,420.
The aggregate book value of the assets of the 2,762 administered
receiverships, including assets acquired after suspension, was $3,511,304,866, in addition to which there have been levied against shareholders assessments aggregating $299,465,747. Total collections from
these assets, including offsets allowed and collections from stock assessments as reported by receivers to September 30, 1934, amounted
to 46.33 percent of the total of such assets and stock assessments.
These collections and the disposition thereof were as follows:
Liquidation statement, 2,762 administered receiverships, 1865-1984
(Revised from 1933)
Collections:
Collections from assets, including income earnings for
1,155 banks completely liquidated to Oct. 31, 1933, and
for accounting purposes, dividends paid secured creditors
of all trusts finally closed Oct. 1, 1924, to Oct. 31, 1929_ $1, 458, 688, 187
Collections from stock assessments
115, 136, 255
Income earning collections (unavailable as separate item
for 1,155 banks finally closed to Oct. 31, 1933)
59, 047, 996
Offsets allowed and settled (against assets)
191, 405, 753
Unpaid balance Reconstruction Finance Corporation
loans
127, 647, 259
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors (including dividends paid to secured creditors of 815 banks
completely liquidated to Oct. 31, 1929)
Dividends paid by receivers to secured creditors (unavailable as separate item for 815 banks completely liquidated
to Oct. 31, 1929)
1
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors, including
disbursements for the protection of assets, and for accounting purposes, dividends paid secured creditors of
all trusts finally closed Oct. 1, 1924, to Oct. 31, 1929___
Offsets allowed and settled (against liabilities)
Payment of receivers' salaries, legal and other expenses
Payment of conservators' salaries, legal and other expenses
1, 951, 925, 450
893, 589, 763
57, 212, 358
73, 513, 518
2, 994, 878
581, 076, 096
191, 405, 753
75, 494, 952
7, 274, 632
34
REPORT OF THE COMPTROLLER OF THE CURRENCY
Liquidation statement, 2,762 administered receiverships, 1865-1934—Continued
Disposition of collections—Continued.
Amount returned to shareholders' agents in cash
Cash balances in hands of Comptroller and receivers
Total
$4, 501, 599
64, 861, 901
1, 951, 925, 450
In addition to the above record of distribution, there have been
returned to shareholders through their duly elected agents assets of
a book value of $16,597,541. Total secured and unsecured claims
proved as indicated by receivers7 reports aggregated $1,983,593,367.
The outstanding circulation of these 2,762 receiverships at date of
failure was $170,364,376, secured by United States bonds on deposit
with the Treasurer of the United States of the par value of $180,015,531, while total deposits at date of failure amounted to $2,297,567,989.
Active receiverships as of October 81, 1934
The 1,543 banks that were, as of October 31, 1934, still in charge of
receivers and in process of liquidation had assets, including assets
acquired subsequent to their failure, aggregating $2,728,221,415. The
capital of these banks was $231,870,085, and there had been levied by
the Comptroller of the Currency to October 31, 1934, stock assessments against their shareholders in the amount of $212,063,835. The
collections from these assets, including offsets allowed and collections
from stock assessments, as reported by receivers to September 30,
1934, amounted to 42.56 percent of such assets and stock assessments.
Total income earnings collected by receivers from the assets of these
banks amounting to $57,572,588 were in excess, or 117.04 percent, of
total expenses incurred. These collections and the disposition thereof
were as follows:
Liquidation statement, 1,543 active receiverships as of Oct. 31, 1934
Collections:
Collections from assets
$1, 049, 133, 382
Collections from stock assessments
71, 625, 746
Income-earning collections
57, 572, 588
Offsets allowed and settled (against assets)
130, 759, 293
Unpaid balance Reconstruction Finance Corporation loans _
127, 647, 259
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors, other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
Payment of receivers' salaries, legal and other expenses
Payment of conservators' salaries, legal and other expenses.
Cash balances in hands of Comptroller and receivers
Total
1, 436, 738, 268
523, 040, 731
33, 759, 130
165, 807, 781
20, 255, 292
432, 315, 368
130, 759, 293
16, 747, 831
41, 916, 309
7, 274, 632
64, 861, 901
1, 436, 738, 268
In addition to the above record, it is found that total secured and
unsecured claims proved as reported by receivers to September 30,
EEPOBT OF THE COMPTROLLER OP THE CURRENCY
35
1934, aggregated $1,555,940,527. The outstanding circulation of the
1,543 receiverships at date of failure was $114,760,025, secured by
United States bonds on deposit with the Treasurer of the United States
of the par value of $120,840,020. Total deposits of these banks at
date of failure amounted to $1,878,453,602, while borrowed money
consisting of bills payable, rediscounts, etc., totaled $344,686,686.
Receiverships terminated, year ended October 81, 1934
During the year ended October 31, 1934, 64 receiverships were
liquidated and finally closed, in addition to which 28 receiverships
were restored to solvency and either reopened or sold to other institutions. The 64 receiverships finally closed had assets, including
assets acquired subsequent to their failure, aggregating $44,663,845.
The capital of these 64 banks was $4,940,000 and assessments against
shareholders levied by the Comptroller of the Currency aggregated
$3,575,000. The collections from these assets, including offsets
allowed and collections from stock assessments as indicated by
receivers' final reports, amounted to 66.57 percent of such assets and
stock assessments. Total income earnings collected by receivers from
the assets of these banks amounted to $1,475,408 or 79.55 percent of
total expenses incurred. These collections and the disposition thereof
were as follows:
Liquidation statement, 64 administered receiverships finally closed, year ended
Oct. 31, 1934
Collections:
Collections from assets
Collections from stock assessments
Income earning collections
Offsets allowed and settled (against assets)
Total
$27, 225, 512
1, 983, 938
1, 475, 408
2, 904, 005
33, 588, 863
Disposition of collections:
Dividends paid to unsecured creditors
12, 802, 446
Dividends paid to secured creditors
2, 244, 081
Payments to secured and preferred creditors, other than
through dividends
13, 537, 648
Offsets allowed and settled (against liabilities)
2, 904, 005
Disbursements for the protection of assets
235, 839
Payment of receivers' salaries, legal and other expenses
1,854, 752
Amount returned to shareholders' agents in cash
10, 092
Total
33, 588, 863
In addition to the above record of distribution, there were returned
to shareholders through their duly elected agents assets of a book value
of $217,255. Total secured and unsecured claims proved as indicated
by receivers' final reports aggregated $23,491,003. The outstanding
circulation of these 64 closed receiverships at date of failure was
$2,348,000, secured by United States bonds on deposit with the
Treasurer of the United States of a par value of $2,383,010. Total
deposits of these banks at date of failure amounted to $26,590,650,
while borrowed money consisting of bills payable, rediscounts, etc.,
totaled $11,193,371.
From the above it will be noted that the average percentage of
all dividends paid on the aggregate of secured and unsecured claims
of $23,491,003 proved against the 64 receiverships that were finally
36
REPORT OF THE COMPTROLLER OF THE CURRENCY
closed during the year ended October 31, 1934, but not including the
28 banks restored to solvency which paid 100 percent, was 64.05
percent. If payments to secured and preferred creditors, offsets, and
other disbursements, amounting to $16,677,492, were included with
the dividends paid in this calculation, the total disbursements to
creditors would amount to $31,724,019, or 78.98 percent of the
aggregate of claims proved plus secured and preferred liabilities paid,
offsets allowed and settled, and other disbursements, or total basic
liabilities amounting to $40,168,495.
Expenses incident to the administration of the 64 trusts, such as
receivers7 salaries, legal and other expenses amounted to $1,854,752,
or 3.84 percent of the book value of the assets and stock assessments
administered, or 6.05 percent of collections from assets and stock
assessments. The assessments against shareholders averaged 72.38
percent of their holdings and total collections from such assessments
as were levied amounted to 55.5 percent of the amount assessed.
Receiverships terminated, 1865-1934
From the date of the first failure of a national bank in 1865 to the
close of business October 31, 1934, 1,364 receiverships have been
administered and the trusts closed or the affairs thereof restored to
solvency. Included in this number are the 145 banks restored to
solvency, 28 in 1934, and 64 the affairs of which were finally closed
during the year 1934. The 1,219 banks administered by receivers
had assets, including assets acquired subsequent to their failure
aggregating $783,083,451. The capital of these 1,219 banks was
$128,070,420 and there were levied by the Comptroller of the Currency stock assessments against their shareholders in the amount of
$87,401,912. The collections from these assets, including offsets
allowed and collections from stock assessments as indicated by
receivers' final reports, amounted to 59.01 percent of such assets and
stock assessments. These collections and the disposition thereof
were as follows:
Liquidation statement, 1,219 administered receiver ships finally closed, 1865-1934
{revised from 1933)
Collections:
Collections from assets, including income earning collections
for 1,155 banks finally closed to Oct. 31, 1933, and for accounting purposes, dividends paid secured creditors of all
trusts finally closed Oct. 1, 1924, to Oct. 31, 1929
$409, 554, 805
Collections from stock assessments
43, 510, 509
Income earning collections (unavailable as separate item for
1,155 banks finally closed to Oct. 31, 1933)
1, 475, 408
Offsets allowed and settled (against assets)
60, 646, 460
Total
515, 187, 182
Disposition of collections:
Dividends paid by receivers to unsecured creditors (including
dividends paid secured creditors of 815 banks completely
liquidated to Oct. 31, 1929)
277, 972, 054
Dividends paid by receivers to secured creditors (unavailable
as separate item for 815 banks completely liquidated to
Oct. 31, 1929)
6, 475, 529
Payments to secured and preferred creditors, including disbursements for the protection of assets, and for accounting
pup oses, dividends paid secured creditors of all trusts
finally closed Oct. 1, 1924, to Oct. 31, 1929
132, 012, 897
REPORT OF THE COMPTROLLER OF THE CURRENCY
37
Liquidation statement, 1,219 administered receiverships finally closed, 1865-1934—
Continued
Disposition of collections—Continued.
Offsets allowed and settled (against liabilities)
Payment of receivers' salaries, legal
and other expenses
Amount returned to shareholders7 agents in cash
Total
$60, 646, 460
33, 578, 643
4, 501, 599
515, 187, 182
In addition to the above record of distribution, there were returned
to shareholders through their duly elected agents, assets of a book
value of $16,597,541. Total secured and unsecured claims proved as
indicated by receivers' final reports aggregated $427,652,840. The
outstanding circulation of these 1,219 closed receiverships at date of
failure was $55,604,351, secured by United States bonds on deposit
with the Treasurer of the United States of a par value of $59,175,511,
while total deposits at date of failure amounted to $419,114,387.
From the above it will be noted that the average percentage of all
dividends paid on the aggregate of secured and unsecured claims proved
against the 1,219 receiverships that have been finally closed, but not
including the 145 restored to solvency which paid 100 percent, was
66.51 percent. If payments to secured and preferred creditors, offsets
and other disbursements, as indicated above, were included with the
dividends paid in this calculation, the total disbursements to creditors
would amount to $477,106,940 or 76.91 percent of claims proved plus
other liabilities paid, but not included in the figure above of proved
claims, or $620,312,197.
Expenses incident to the administration of the 1,219 closed trusts,
such as receivers' salaries, legal and other expenses, amounted to
$33,578,643 or 3.86 percent of the book value of the assets and stock
assessments administered, or 7.39 percent of collections from assets
and stock assessments. The assessments against shareholders averaged 68.25 percent of their holdings and total collections from such
assessments as were levied amounted to 49.78 percent of the amount
assessed.
Total liquidation operations, year ended September 30, 1984
Total liquidation operations of insolvent national banks for the
12-month period October 1, 1933, to September 30, 1934, inclusive,
as reported by receivers of all national banks in process of liquidation
during such period, were as follows:
Liquidation statement, summary for year ended Sept. 30, 1934
Collections:
Cash balances in hands of Comptroller and receivers, Oct. 1,
1933
$39, 861, 787
Collections from assets (including income earnings unavailable as a separate item)
433, 395, 251
Collections from stock assessments
24, 195, 817
Offsets allowed and settled (against assets)
44, 127, 448
Increase in unpaid balance Reconstruction Finance Corporation loans
89, 959, 565
Total
106093—35——4
631, 539, 868
38
REPORT OF THE COMPTROLLER OF THE
CURRENCY
Liquidation statement, summary for year ended Sept. 80, 1934—Continued
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
Payment of receivers' salaries, legal and other expenses
Payment of conservators' salaries, legal and other expenses
Amount returned to shareholders' agents in cash
Cash balances in hands of Comptroller and receivers
$141, 016, 736
23, 671, 533
126, 042, 888
20, 255, 292
179, 343, 626
44, 127, 448
8, 901, 767
16, 677, 208
6, 631, 377
10, 092
64, 861, 901
Total
631, 539, 868
It will be noted from the above that the percentage of liquidation
costs to total collections from all sources, including offsets allowed,
for the year ended September 30, 1934, was but 4.6 percent.
Table showing summary of status, progress and results of liquidation of all national
banks placed in hands of receivers from the date of the first national bank failure
Apr. 14, 1865, to Oct. 31, 1934
[Revised from 1933]
Total assets taken charge of by receivers
Closed
Active
receiverships, receiverships,
1,219 °
1,543
Total
receiverships,
2,762 «
$783,083,451
$2,728,221,415
$3,511,304,866
1,049,133,382
130,759,293
1,458,688,187
191,405,753
142,362,234
Disposition of assets:
Collections from assets (including income earnings for
1,155 banks completely liquidated to Oct. 31, 1933)— 409,554,805
Offsets allowed and settled (against assets)
60,646,460
Losses on assets compounded or sold under order of
court
__
_ . 296,284, 645
Book value of assets returned to shareholders' agents. _ 16,597,541
Book value of remaining assets
__-
1,405,966,506
438,646,879
16,597,541
1,405,966,506
783,083,451
2,728,221,415
3,511,304,866
409, 554,805
43,510,509
1,049,133,382
71,625,746
1,458,688,187
115,136, 255
1,475,408
60,646,460
57,572,588
130,759,293
59,047,996
191,405,753
127,647,259
127,647,259
515,187,182
1,436,738,268
1,951,925,450
277,972,054
523,040, 731
801,012, 785
6,475,529
33,759,130
165,807,781
20, 255, 292
40, 234,659
165,807, 781
20, 255, 292
132,012,897
60, 646,460
33,578,643
449,063,199
130,759,293
41,916,309
581,076,096
191,405,753
75,494,952
Total.
Collections:
Collections from assets as above
Collections from stock assessments
Income earnings collections: interest, premiums, rents,
etc. (unavailable as separate item for 1,155 banks completely liquidated to Oct. 31, 1933).
Offsets allowed and settled as above (against assets)
Unpaid balance Reconstruction Finance Corporation
loans.
. ._
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
(including dividends paid to secured creditors for
815 banks completely liquidated to Oct. 31,1929)
Dividends paid by receivers to secured creditors (unavailable as separate item for 815 banks completely
liquidated to Oct. 31,1929)
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors, including
disbursements for protection of assets.
_
Offsets allowed and settled (against liabilities).
._
Payment of receivers' salaries, legal and other expenses.
Payment of conservators' salaries, legal and other expenses
7,274,632
7,274,632
Does not include 145 banks restored to solvency and 1 bank in connection with which the receiver's
commission was revoked as of date of issuance.
a
REPORT OP THE COMPTROLLER OF THE CURRENCY
39
Table showing summary of status, progress and results of liquidation of all national
banks placed in hands of receivers from the date of the first national bank failure
Apr. 14, 1865, to Oct. 81, 1934—Continued
Closed
Active
receiverships, receiverships,
1,219
1,543
Disposition of collections—Continued.
Amount returned to shareholders' agents in cash
Cash .balances in hands of Comptroller and receivers..
TotalCapital stock at date of failure—_
United States bonds held at failure to secure circulating
notes
United States bonds held to secure circulation, sold and
circulation redeemed..
Circulation outstanding at date of failure
Amount of assessments upon shareholders
_
Total deposits at date of failure
Borrowed money; bills payable, rediscounts, etc., at date
of failure (unavailable for 1,086 banks completely liquidated to Oct. 31, 1932)
Claims proved—
6
$4,501,599
Total
receiverships,
2,762
$64,861,901
$4, 501, 599
64,861,901
515,187,182
1,436,738, 268
1,951,925,450
150,185,420
231,870,085
* 382,055,505
59,175,511
120,840,020
180,015,531
59,175,511
55,604,351
87,401,912
419,114,387
118,009,720
114,760,025
212,063r 835
1,878, 453, 602
177,185,231
170,364,376
299,465,747
2, 297,567,989
20,002, 271
427, 652,840
1,555,940,527
364, 688,957
1,983,593,367
Includes capital stock of 145 banks restored to solvency.
Data as to results of liquidation in 64 insolvent national banks
completely liquidated and finally closed, and 28 insolvent national
banks the affairs of which were restored to solvency, during the year
ended October 31, 1934, are given in the following table:
National bank receiverships the affairs of which were finally closed or restored to solvency during the year ended Oct. 81, 1984
Location
Bloomington, 111.3
Brookings, S. Dak
Do
Brownwqod, Tex.1
Buena Vista, Colo
Burlington, Iowa i
Burlington Junction, Mo_
Calexico, Calif
Cambridge, 111.3
Carnegie, Okla.3
Champaign, 111
Cheboygan, Mich
Cherokee, Okla.3
Chowchilla, Calif
Clarksville, Ark
Claxton, Ga.3
Clinton, Minn
Coleridge, Nebr3
Conway, Wash.
Covington, Ind.3
Crestline, Ohio 1
Dardanelle, Ark.3
Delta, Pa.3
Durham, N. C
Enumclaw, Wash.t
Federalsburg, Md
Frisco, Tex
Fulton, Ky
George West, Tex
Goreville, 111
Hammond, N. Y.3
Hope, Ind
Jacksonville, Ala.3.
Kingsbury, Tex
Knoxville, Tenn
__
Laurinburg, N.3 C
La Veta, Colo. 3
Le Mars, Iowa
Title
First National Bank & Trust Co.
Farmers National Bank
First National Bank
Coggin National Bank
First National Bank
Merchants National Bank
First National Bank
.doFarmers National Bank..
First National Bank
.do
.doFarmers National BankFirst National Bank
.do
..do.
..do.
_do.
-doNational Bank of Covington.
First National Bank
.doPeoples National Bank
First National Bank
Enumclaw National Bank.
First National Bank
_
.do
.do.
.do.
.do.
Citizens National Bank.,
.-..do
First National Bank
doEast Tennessee National BankFirst National Bank
.—do
....do
Date finally
Date receiver closed or restored to solappointed
vency
Oct. 27,1933
Dec. 3,1926
Feb. 9,1924
Apr. 27.1932
Nov. 6.1931
Dec. 2.1930
Jan. 22,1930
July 24.1928
Oct. 27.1933
Sept. 12,1933
Mar. 4.1932
June 12.1930
Oct. 5.1933
May 28,1927
Nov. 18.1929
July 11.1933
Feb. 10.1927
Jan. 12,1929
Jan. 30.1934
Oct. 9,1933
Jan. 28.1931
Sept. 19,1933
Aug. 8.1933
Jan. 18.1932
Dec. 12,1932
July 9.1931
Dec. 31.1928
Dec. 8,1930
Aug. 24.1932
Dec. 5,1930
Oct. 12.1933
Feb. 15.1929
Mar. 6.1934
Jan. 10.1929
Jan. 20,1933
Dec. 23.1930
Sept. 12,1933
Oct. 31,1933
June 6,1934
Sept. 21,1934
Nov. 29,1933
Feb. 9,1934
Nov. 20.1933
Oct. 13.1934
May 18,1034
Feb. 19,1934
July 27,1934
May 11,1934
Aug. 1,1934
Aug. 27,1934
Sept. 3,1934
Mar. 6,1934
Aug. 1,1934
Aug. 6,1934
Oct. 31,1934
Apr. 25,1934
June 12,1934
Sept. 7,1934
Oct. 31,1934
Oct. 4,1934
June 22,1934
Jan. 11,1934
Oct. 9,1934
July 21,1934
Jan. 29,1934
Jan. 4,1934
Feb. 19,1934
Mar. 6,1934
Oct. 15,1934
Oct. 31,1934
Oct. 12,1934
Oct. 8,1934
Dec. 21,1933
Dec. 14.1933
Aug. 29.1934
Aug. 27,1934
Capital
Borrowed
money
Total assets (bills
Percent
pay- Total de- Total divi- dividends
and stock able, redisposits
dends paid
assessment counts,
paid
etc.)
$300, 000
50, 000 $1, 200,145
$86, 641
100, 000 1, 315, 037
370, 382
100, 000
100, 000
100, 000
25,000
151,019
100, 000
100. 000
437,215
25, 000
559, 402
300, 000 1, 443, 544 "I," 226," 485"
50, 000
30, 000
300, 000 6, 529. 408
810,100
50, 000 1, 615,088
50, 000
40, 000
25, 000
304, 374
25. 885
100,000
660, 635
72, 456
50,000
25,000
279, 620
47,087
40,000
374, 576
78,140
25,000
50, 000
75, 000
143, 573
75,000
25,000
50, 000
>, 970,158 2,175, 909
600, 000
50,000
50,000
50,000
302, 932
25,000
5,671
25,000
135, 817
6,562
50,000
291,091
20,000
50,000
25,000
155, 310
20, 584
25, 000
30,000
" 474," 714"
"24," 656
25,000
25,000
127, 612
13, 942
2,000, 000
25, 000
"208," 814"
"l7," 493
25, 000
100, 000
$976, 522
6S2, 058
98, 048
284, 431
10, 741
$825, 529
173. 288
7.500
74, 893
72, 704
120,160
4,174, 258 7 1, 926, 850
1, 381, 383 1,190, 319
219, 524
353,179
149,862
125,161
162, 825
150, 689
93, 064
131, 083
53,167
3, 673, 443 « 1,838, 521
44, 275
234, 375
173, 714
6,490
33, 353
140, 347
95, 636
78,154
48, 352
"§13," 914
"282," 274'
38, 205
22, 587
" 108," 656"
"61," 885"
2 100
78.697
17.51
7.5
4 105. 771
16. 629
35.92
2 100
2 100
7 60
89. 628
2 100
89.53
44.07
2 100
62.147
92. 277
2 100
2 100
100
2
100
2
100
MOO
88.55
81.71
64.75
75.24
2 100
66.3
2 100
76.48
2
100
40. 665
2 100
68.5
2
100
2 100
I
O
O
O
O
K
hj
W
Q
ej
o
Hi
1680
2564
2009
2825
1689
1228
743
2379
1061
2286
899
1296
1249
1049
1344
1399
1655
948
2011
2386
1026
1079
846
1227
2184
2321
2018
1333
1111
2710
746
2276
1295
2370
1372
549
1461
2558
1361
1210
869
2343
Limon, Colo
Llano, Tex
Lonaconing, M d . '
Lorain, Ohio 3
Lynchburg, Ohio
Madison, S. Dak
Mandan, N . Dak
Marietta, Pa.3
Marked Tree, Ark
Marlin, Tex
Matoaka, W. Va
McHenry, N . Dak
Middletown, Del
Milbank, S. Dak
Milford, 111
Montgomery, Ala.1
Monticello, Ind. 1
Muskogee, Okla
Nebo, 111
Newfleld, N . J.3
Oakes, N . Dak
Ortonville, Minn
Ozark, Ala
Plain view, N e b r . .
Rensselaer, Ind.L _ _ _ . , . _ .
Ripley, Tenn. 1
Roscoe, Tex.1
Royse City, Tex
Rush City, Minn
San Antonio, Tex.3
Sioux Falls, S. Dak
Sioux Rapids, Iowa i
South Pasadena, Calif
Stockport, Ohio 3
Strawn, 111
Sutton, W. Va
Sweetwater, Tenn
Sylvester, Tex.3
Tifton, Ga
Toronto, S. Dak
Townsend, Mont
Trinidad, Colo.3
Limon National Bank
Citizens National Bank
First National Bank
National Bank of Commerce
First National Bank
Lake County National Bank
Merchants National Bank
Exchange National Bank
First National Bank
Marlin-Citizens National Bank
First National Bank
doPeoples National Bank..
First National Bank
doFourth National Bank
National Bank of Monticello
Muskogee-Security National BankFirst National Bank
.do.
Oakes National Bank.__.
Citizens National BankFirst National Bank
.do
.do..
-do..
.do..
.do..
.doCommercial National Bank
Sioux Falls National Bank
First National Bank
South Pasadena National BankFirst National Bank
Farmers National Bank
First National Bank
_.
.do
.doNational Bank of Tifton.
First National Bank
._—do
Trinidad National B a n k .
Sept.
Nov.
Apr.
May
Sept.
Aug.
Dec.
Sept.
Nov.
Mar.
Mar.
July
Dec.
Nov
Mar.
Sept.
Aug.
Nov.
Apr.
Sept.
Sept.
Jan.
Oct.
Aug.
Nov.
July
Apr.
Feb.
Feb.
Jan.
Jan.
Feb.
July
Sept
June
Aug.
Dec.
Nov.
Apr.
Apr.
Jan.
Aug.
16.1931
14,1933
11.1932
9,1934
28,1931
29,1928
26.1923
13.1933
30,1926
1,1933
3,1925
3.1929
14,1928
15.1926
4, 1930
6.1930
15.1931
7.1925
12.1932
15.1933
4.1926
4.1927
23^ 1924
22,1928
21.1932
28.1933
27.1932
11,1930
21.1927
31.1934
24.1924
13, 1933
2,1929
11.1933
11,1930
29,1914
17.1930
10,1933
12,1930
3.1928
8,1925
18,1933
Aug.
May
Oct.
Oct.
Apr.
June
Nov.
Oct.
July
Apr.
Sept.
Dec.
Jan.
Aug.
Oct.
Oct.
Dec.
July
Sept.
July
Dec.
Aug.
May
May
Sept.
Nov.
Aug.
July
Oct.
Oct.
Aug.
Oct.
Jan.
June
Jan.
May
Feb.
May
Aug.
May
Oct.
May
20,1934
12,1934
3,1934
22,1934
30,1934
19,1934
27.1933
3,1934
25.1934
23,1934
26,1934
8.1933
4.1934
16,1934
1,1934
8,1934
19.1933
3,1934
13.1934
31,1934
11.1933
8,1934
9,1934
28.1934
3,1934
24.1933
10.1934
31,1934
31,1934
16,1934
10, 1934
31,1934
11,1934
5,1934
12,1934
7,1934
17,1934
10,1934
6,1934
17,1934
26,1934
18,1934
30,000
75, 000
25, 000
150, 000
50, 000
75, 000
50, 000
50, 000
50, 000
200, 000
50, 000
25, 000
80, 000
50, 000
50, COO
500, 000
40, 000
200, 000
40, 000
50, 000
25, 000
25, 000
35, 000
40, 000
120, 000
25, 000
25, 000
50, 000
50, 000
300, 000
150, 000
50, 000
100, 000
25, 000
25, 000
50, 000
60, 000
35, 000
100, 000
25, 000
50, 000
100, 000
57, 987
184, 913
60, 643
""267650"
~88,"46l"
339, 909
625,882
526, 521
43, 912
362, 405
92,225
107, 658
915, 635
124, 331
827,008
570, 643
506, 039
2, 559,819
85,862
3, 054.140
280, 851
89. 403
28, 063
174,130
64, 518
31,841
2,854, 931
17, 299
263, 720
604, 024
46, 763
425, 318
332, 973
348, 967
328, 557
402, 577
453, 976
463,241
1,000
40,132
27,
61.
157,
73,
659
808
733
050
26, 456
"24," 574"
186, 811
465, 247
334, 505
103, 777
282, 021
160, 094
9,852
2,122, 001
154,197
452, 291
3,087
277, 753
155, 213
268, 633
247, 015
15, 754
1, 273, 772
153, 075
216, 250
265, 030
175,140
267, 232
46, 165
142, 793
21,817
91, 257
153, 397
359, 940
9,590
91,164
219, 420
77.56
2 100
27.78
2 100
64.14
76. 736
48. 095
2 100
11.28
2 100
88. 604
4.72
56. 833
60.58
83. 013
8.546
1 102. 64
91.345
4103. 87
2 100
23.89
61.2
7.3
41.08
O
H
O
W
o
o
100
63.5
63. 532
2 100
50. 0018
18.24
89
2 100
86.38
100
90.41
2 100
54.5
53.63
75.2
2 100
o
Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation.
2 Restored to solvency.
3 Formerly in conservatorship.
* Principal and interest paid in full.
«106.5 percent principal and interest in full paid nonassenting creditors by Comptroller's checks and 100 percent paid assenting creditors by purchasing bank in accordance with
agreements.
7 Dividend of 60 and 100 percent paid through purchasing bank to assenting creditors and nonassenting creditors, respectively, in accordance with agreements.
3
o
1
68, 725
314, 591
519,118
14,186
"28," 180
3, 273,149
119, 793
983, 249
583, 120
51,196
177,805
510, 867
294, 024
937, 468
333, 036
254, 601
"""704," 440
959, 397
9,212
361,159
12, 0C0
21, 058
20, 000
112,492
365,125
141,914
91, 460
350,389
113, 526
89, 019
18, 950
16, 076
458,910
205, 349
82, 590
207, 544
91, 286
55, 434
2, 215, 436
B
o
d
w
National bank receiverships the affairs of which were finally closed or restored to solvency during the year ended Oct. 31, 1934—Continued
Trust
no.
. 1453
2373
1387
2681
1241
941
977
1151
2503
2695
1380
2152
Location
Ullin, 111
Utica, Nebr 3
Vanderbilt, Pa
Vermilion, 111.3
Wakefield, Nebr
Warren, Minn
Waukon, Iowa
Waukon, Iowa
West, Tex.e
What Cheer, Iowa 3
Williams, Tnwa
Wyoming, Iowa*
.
Total
Title
First National Bank
do
do
do
.
Farmers National Bank
First National Bank
do . .
Peoples National Bank
National Bank of West
First National Bank
do
. do—.
-
Date receiver
appointed
Dec.
Sept.
Aug.
Jan.
_ Nov.
Oct.
. . . . Jan.
July
Oct.
Jan.
July
Oct.
-.
12,1930
12,1933
4,1930
12,1934
21,1928
10,1925
18,1926
19,1927
30,1933
18,1934
1,1930
11,1932
Date finally
closed or restored to solvency
Jan.
Apr.
Oct.
May
May
Oct.
Apr.
June
Oct.
May
June
Sept.
8,1934
16,1934
4,1934
15,1934
29,1934
8,1934
24,1934
5,1934
9,1934
18,1934
30,1934
21,1934
Capital
$25,000
30,000
25,000
25,000
50,000
50,000
100,000
125,000
50,000
50, 000
25,000
50,000
Borrowed
money
Total assets (bills
payand stock able, redisassessment
counts,
etc.)
$224,434
$39,228
Total deposits
$130,169
$82,309
140,908
135,699
246, 729
673,011
630, 452
1,090, 643
986,839
44,545
113,171
104,306
57, 521
461,419
418,618
739,072
529, 744
341,114
61,085
387,180
322,819
351,134
116,349
46,810
50,925
173, 782
43, 683
13,481
8,925,000 48, 238,845
11,193, 371
26, 590, 650 15,046, 527
* Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation.
»Restored
to solvency.
3
Formerly in conservatorship.
• Licensed bank subsequently found insolvent.
Total divi- Percent
dends paid dividends
paid
71.017
2 100
101.18
1100
85.722
13.474
53.809
64.39
2 100
2 100
29.55
26.472
EEPORT OF THE COMPTROLLER OF THE CURRENCY
43
STATE BANK FAILURES, DISTRICT OF COLUMBIA
Receiverships, year ended October 81,1934
In addition to national banks placed in receivership during the
year ended October 31, 1934, receivers were appointed by this office
during such period for 8 State banks located in the District of Columbia, which with similar appointments previously made resulted
in a total of 14 District of Columbia State banks in charge of receivers
as of October 31, 1934. Of the 8 banks for which receivers were
appointed during the current year 4 had operated under charters
from the State of Arizona, 2 under charters from the State of West
Virginia, 1 under charter from the State of Virginia, and 1 had been
incorporated under the laws of the District of Columbia. The appointments of receivers for these banks were made under authority
granted by existing legislation permitting banks incorporated under
the laws of the District of Columbia and banks with State charters
to operate in the District of Columbia under supervision of the office
of the Comptroller of the Currency.
Total assets of these 8 receiverships, including assets acquired
subsequent to their failure, aggregated $12,580,853. The capital of
these banks was $740,000 and assessments against shareholders
levied by the Comptroller of the Currency to October 31, 1934,
aggregated $340,000. The collections from these assets, including
offsets allowed and collections from stock assessments as reported by
receivers to September 30, 1934, amounted to 45.75 percent of the
total of such assets and stock assessments. Total income earnings
collected by receivers from the assets of these banks amounting to
$332,097 were in excess, or 119.56 percent, of total expenses incurred.
These collections and the disposition thereof were as follows:
Liquidation statement, eight banks for which receivers were appointed year ended
Oct. 81, 1934
Collections:
Collections from assets
Collections from stock assessments
Income earning collections
Offsets allowed and settled (against assets)
Unpaid balance Reconstruction Finance Corporation loans
Total
$5, 120,
16,
332,
772,
1, 529,
823
987
097
896
653
7, 772, 456
Disposition of collections:
Dividends paid by receivers to unsecured creditors
1, 053, 000
Dividends paid by receivers to secured creditors
0
Distributions by conservators to unsecured creditors
2, 865, 833
Distributions by conservators to secured creditors
10, 750
Payments to secured and preferred creditors other than through
dividends
2, 421, 324
Offsets allowed and settled (against liabilities)
772, 896
Disbursements for the protection of assets
18, 589
Payment of receivers' salaries, legal and other expenses
110, 808
Payment of conservators' salaries, legal and other expenses
166, 962
Cash balances in hands of Comptroller and receivers
352, 294
Total
7, 772, 456
In addition to the above record of distribution, it is found that
total secured and unsecured claims proved against these eight receiverships as reported by receivers to September 30, 1934, aggre
44
REPORT OF THE COMPTROLLER OF THE CURRENCY
gated $6,985,951. Total deposits of these banks at date of failure
amounted to $8,271,441, while borrowed money consisting of bills
payable, rediscounts, etc., totaled $2,022,624.
Active receiverships as of October 31, 1934
The 14 State banks located in the District of Columbia that were
as of October 31, 1934, still in charge of receivers appointed by the
Comptroller of the Currency and in process of liquidation had assets,
including assets acquired subsequent to their failure, aggregating
$22,064,544. The capital of these banks was $2,252,890, and there
had been levied by the Comptroller of the Currency to October 31,
1934, stock assessments against their shareholders in the amount of
$852,990. The collections from these assets, including offsets allowed
and collections from stock assessments as reported by receivers to
September 30, 1934, amounted to 40.79 percent of the total of such
assets and stock assessments. Total income earnings collected by
receivers from the assets of these banks amounted to $498,721, or
94.57 percent of total expenses incurred. These collections and the
disposition thereof were as follows:
Liquidation statement, 14- active receiverships, Oct. 31, 1934
Collections:
Collections from assets
:
Collections from stock assessments
Income earnings collections
Offsets allowed and settled (against assets)
Unpaid balance Reconstruction Finance Corporation loans
Total
$7, 837, 525
166, 647
498, 721
1, 344, 307
1, 738, 653
11, 585, 853
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors other than through
dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets__„
Payment of receivers' salaries, legal and other expenses
Payment of conservators' salaries, legal and other expenses
Cash balances in hands of Comptroller and receivers
Total
2, 451, 770
34, 466
2, 865, 833
10, 750
3, 555, 049
1, 344, 307
90, 387
340, 288
187, 089
705, 914
11, 585, 853
In addition to the above record of distribution, it is found that total
secured and unsecured claims proved against these 14 receiverships as
reported by receivers to September 30, 1934, aggregated $9,950,010.
Total deposits of these banks at date of failure amounted to $14,779,226, while borrowed money consisting of bills payable, rediscounts, etc.,
totaled $4,043,212.
UNLICENSED NATIONAL BANKS
Status as of March 16, 1933
On March 16, 1933, at the close of the banking holiday, there
remained 1,400 unlicensed national banks, exclusive of 10 unlicensed
State banks located in the District of Columbia. In addition to these
REPORT OF THE COMPTROLLER OF THE CURRENCY
45
1,400 unlicensed national banks, 5 national banks licensed prior to
March 16, and 1 bank licensed after such date were subsequently
closed through revocations of license and 1 bank which suspended
prior to the date of the banking holiday continued as a closed institution, making in all 1,407 national banks, which, with the addition of
the 10 District of Columbia State banks unlicensed as of March 16,
resulted in an aggregate total of 1,417 banks the affairs of which had
not been definitely and finally disposed of on March 16, 1933.
While no comparable deposit figures are available for all of these
1,417 banks, it is found that deposits as of December 31, 1932, the
last call date prior to the banking holiday, for 312 of such banks disposed of to December 31, 1933, through having been licensed, placed
in receivership or otherwise in liquidation without the appointments
of conservators, aggregated $319,342,522. The remaining 1,105 banks,
including the 10 unlicensed District of Columbia State banks which
were placed in charge of conservators subsequent to March 16, had
total deposits according to conservators' first reports of condition
submitted to this office, amounting to $1,652,617,500. Total deposits
for the entire 1,417 banks unlicensed as of March 16, 1933, as outlined
above were, therefore, $1,971,960,022.
Administration of unlicensed national banks, January 1 to
October 31, 1934
Following reorganization and licensing operations to Dceember 31,
1933, in connection with the 1,417 banks unlicensed upon March
16, 1933, as covered by my annual report for the year 1933, there
remained as of January 1, 1934, 487 banks still in charge of conservators out of the original group of 1,417 banks. Of these 487 banks
in charge of conservators as of January 1, 1934, 32 with total deposits
of $4.4,634,425, had, however, been reorganized prior to January 1,
1934, with resulting releases amounting to approximately $24,377,000,
or 54.6 percent of such total deposits, leaving 455 banks with deposits
of $429,997,037 in which no reorganizations had taken place.
During the 10-month period January 1 to October 31, 1934, 40 of
the 487 banks described above were licensed to resume business, 230
banks, including 158 in which reorganizations had been consummated, were placed in charge of receivers, 196 were otherwise placed in
liquidation following reorganizations, and 21 banks,including 6 in which
reorganizations had taken place, remained in charge of conservators as
of October 31, 1934. The 368 conservator banks reorganized during
the current 10-month period as described above, including the 40
banks licensed to resume business, had total deposits of $350,354,065,
while releases through such reorganizations amounted to approximately $184,107,000 or 52.6 percent of such total deposits.
Organization data, together with figures as to capital, assets and
liabilities as reported by conservators, for the 487 banks remaining
in charge of conservators as of January 1, 1934, in total as well as
separately, for those groups of banks licensed, placed in receivership,
etc., to October 31, 1934, are given in the following table:
Unlicensed national banks remaining in charge of conservators as of Jan. 1, 1934, grouped in accordance with the disposition or status thereof
as of Oct. 81, 1934, with various statistical data pertaining to such banks1
Groups of banks
Banks licensed
Banks placed in receivership (following reorganizations effected in 1933)
Banks placed in receivership (following reorganizations effected in 1934)
Banks placed in receivership (without prior reorganizations)
Banks otherwise placed in liquidation following reorganizations (in voluntary
liquidation or in contemplation thereof)
Banks remaining in charge of conservators (in which reorganizations had
occurred)
Banks remaining in charge of conservators (in which no reorganizations had
occurred)
_
Total banks in charge of conservators as of Jan. 1, 1934.
i Includes 5 unlicensed District of Columbia State banks.
Number of
banks
Total bor- Deposits reat Total assets
Total demoney
leased
PercentCapital at Capital
date of
per conserva- posits per rowed
per conthrough reage of
date of
conservators' first
conservators' servators'
organizations
organizators' apreports of
first reports first reports during con- deposits
released
tion
pointments condition
of condition of condition servatorship
40
32
126
72
$1,520,000
2,315,000
8, 760,000
4, 035,000
$1,770,000
4, 465,000
16,305,000
9, 630,000
$20, 509, 954 $14,132,109
63, 556, 111 44, 634,425
152, 624,879
223,098,338
65,122, 621
104, 561,156
$2,342, 878
8, 462,282
27,732,986
15, 989, 577
$10,255,000
24, 377,000
72, 009,000
72.56
54.61
47.18
196
13, 753,000
21,680,500
244,363, 018
161,800,940
31,179, 096
96, 665,000
59.74
775,020
2,950,020
35, 515, 734
21, 796,137
6, 777, 528
5,178,000
23.76
22, 708,441
14, 520, 351
4, 240,147
714, 312, 752 474,631, 462
'6, 724, 494
765,000
31,923,020
1,482,000
58, 282, 520
3
W
o
o
208,484, 000
1
W
o
o
OF THE COMPTROLLER OF THE CURRENCY
47
Administration of unlicensed national banks March 16, 1933,
to October 31, 1934
Of the 1,417 unlicensed National and District of Columbia State
banks, the affairs of which had not been finally disposed of as of
March 16, 1933, 529 banks had as of October 31, 1934, been licensed
to resume business, 296 without intervening appointments of conservators. These 529 licensed banks had total deposits, as of December 31, 1932, for the 296 nonconservator banks and as reported
in conservators' first reports of condition for 233 conservator banks,
amounting to $576,938,586, while the reorganizations thereof, incident to issuance of licenses effected releases of deposits amounting to
approximately $522,726,000 or 90.6 percent of such total deposits.
Of the remaining 888 banks,^ 571 with deposits of $1,057,124,069
had been placed in receivership to October 31, 1934, 241 of such
banks having been reorganized prior to such receivers' appointments.
These 241 banks for which receivers were appointed following reorganizations had total deposits of $396,260,880, while releases effected
through such reorganizations amounted to approximately $207,444,000 or 52.4 percent of such total deposits.
Of the remaining 317 banks, 296 with total deposits of $301,580,879
were otherwise placed in liquidation following reorganizations, while
releases through such reorganizations amounted to approximately
$207,958,000 or 69.0 percent of such total deposits. The remaining
21 banks with deposits of $36,316,488 were as of October 31, 1934,
still in charge of conservators, although in 6 of such banks with total
deposits of $21,796,137, reorganizations had taken place releasing
deposits of approximately $5,178,000 or 23.8 percent of such total
deposits. In all it is found that 1,072 banks out of the original
1,417 had been reorganized to October 31, 1934, with releases effected
through such reorganizations amounting to approximately 72.8 percent of total deposits of the 1,072 banks.
Tables given herewith are supported by schedules appearing in the
appendix of this report and in the report for the year 1933 furnishing in detail for each unlicensed national or District of Columbia
State bank information as to assets, deposits, releases of deposits,
etc., discussed above. Organization data, together with figures as to
capital, assets and liabilities as indicated by call reports of December
31, 1932, and by conservators' first reports of condition for the 1,417
unlicensed national and District of Columbia State banks, the affairs
of which had Qot been finally disposed of as of March 16, 1933, in
total as well as separately, for the various groups of licensed banks,
banks placed in receivership, etc., to October 31, 1934, are given in
the following table:
Unlicensed national banks as of Mar. 16, 1983, indicating, and grouped in accordance with, the disposition or status thereof as of Oct. 31,
1934, with various statistical data pertaining to such banks 1
Groups of banks
Banks licensed
_
Banks placed in receivership (following reorganizations)
Banks placed in receivership (without prior reorganizations)
Banks otherwise placed in liquidation following reorganizations (in voluntary liquidation or in contemplation thereof)
Banks remaining in charge of conservators (in which reorganizations had
occurred)..
Banks remaining in charge of conservators (in which no reorganizations had
occurred)
Total unlicensed banks as of Mar. 16, 1933
i Includes 10 unlicensed District of Columbia State banks.
Number of
banks
Total
Total bor
Capital as
Total assets
as rowed money
Total
Dec. 31, as of Dec. 31, deposits
PercentCapital at of
of
Dec.
31,
deposits
as
of Dec. 31,
1932, or as
1932, or as
age of
date of or- reported
1932,
or
as
released
1932,
or
as
in reported in
deposits
ganization conservators'
reported
in
through
reorreported
in
conservators' conservators' conservators' ganizations released
first reports first reports first reports first reports
529 $33.064. 300
241 22, 415,000
330
21, 288,000
296
22, 538, 000
6
775, 020
15
765,000
1,417 100, 845.320
$49, 652. 800 $748, 350, 365 $576,938, 586
42,875,000
566. 744,059
396,160,880
61, 282, 500 870,192,191
660,963,189
$40, 633, 794 $522, 726,000
59, 029, 369 207, 444,000
55,237, 577
90.6
52.36
40, 215, 500
443,891, 347
301. 580,879
46, 709, 050
207, 958.000
68.96
2, 950,020
35, 515, 734
21, 796,137
6, 777, 528
5,178,000
23. 76
1, 482,000
22, 708,441
14,520,351
4, 240,147
198,457,820 2, 687, 402,137 1,971,960,022
212, 627, 465
943,306,000
00
ORGANIZATION AND LIQUIDATION OF NATIONAL BANKS
At the close of the current year, October 31, 1934, there were 5,589
national banking associations in existence, including inactive banks
which had not gone into voluntary liquidation, suspended banks, and
banks in charge of conservators for which no receivers had been
appointed. Such institutions are technically in existence. This represents a net loss since October 31, 1933, of 210 banks, or a fraction
less than 4 percent, and $260,131,924 in the authorized common
capital stock. However, at the close of the period under discussion
there was outstanding $468,078,445 of preferred capital stock issued
under the provisions of the act of March 9, 1933. During the current
year 107 banks increased their common capital by the aggregate sum
of $8,332,526.67. Of this number, four banks effected the increase
by stock dividends, the amount of such increase being $400,000, and
eight banks with an aggregate increase of $175,600 from their net
earnings incident to the retirement of preferred capital. During this
period, by the issuing of preferred stock, 1,292 banks increased their
capitalization by $373,320,150. The increase of 1,229 banks aggregating $351,173,389.65 was purchased by the Reconstruction Finance
Corporation.
An active effort was made by the office of the Comptroller of the
Currency during the past year to strengthen the capital position of
existing or going national banking associations in order that all banks
might be provided with a satisfactory ratio of capital to deposits
and thereby increase the margin of protection for depositors. As a
result 107 national banks increased common capital stock in the sum
of $8,332,526.67, and additional capital strengthening in the amount
of $373,320,150 was provided by the sale of preferred stock in 1,292
national banking associations. The foregoing figures, totaling
$381,652,676.67, are exclusive of capital paid into newly organized
national banking associations, and as a comparison it is noted that
capital strengthening by the sale of common stock and preferred stock
in going or existing national banks last year amounted to $57,719,950.
Covering the entire period of national banking operations, up to
and including October 31, 1934, there have been authorized to begin
business 14,296 national banking associations. Of these 5,945 have
voluntarily closed, some of which discontinued business; others
merged with other banks, both State and national; and some consolidated with other national banking associations under authority of
the act of November 7, 1918. Exclusive of banks which failed but
which were subsequently restored to solvency, the loss to the system
throughout this entire period by the liquidation of banks through
receiverships has been 2,762, the number of these receiverships being
19 percent of the total number of banks organized.
During the year ended October 31, 1934, there were 357 national
banks, with total common capitalization of $45,188,000, two of
which also had preferred capital aggregating $75,000, which went into
49
50
REPORT OF THE COMPTROLLER OF THE CURRENCY
voluntary liquidation. Of this number 28, with common capital of
$2,295,000 and assets of $9,333,558, discontinued business; 292,
with common capital of $39,403,000 and preferred capital of $75,000
were acquired by other national banks; and 37, with capital of $3,490,000 and assets of $30,159,449, entered the State banking systems.
The latter group included three banks of $300,000 capital or over,
with aggregate capital of $1,100,000 and assets of $7,751,310.
November 1914 marked the inauguration of the operation of the
Federal Reserve System. At that date there were in existence 7,578
national banks, with aggregate common capital of $1,072,492,175, as
compared with a total common capitalization of $1,326,915,901 for
the 5,589 national banks in existence on October 31, 1934; 1,833 of
the national banks took advantage of the act of March 9, 1933, by
issuing preferred capital stock and the aggregate amount outstanding
atclose of the current year was $468,078,445. Therewas a netdecrease
of 1,989 in the number of banks, but an increase in common capitalization of $254,423,726 in addition to preferred capitalization of
$468,078,445. During this 20-year period 3,644 national banks were
chartered, with aggregate common capital of $548,516,600 and a
preferred capital of $51,124,300, while 5,633 associations were closed
voluntarily or otherwise.
During the year ended October 31, 1934, in addition to applications
carried over from the previous year, there were received 409 applications to organize national banks and to con vert State banks into national
banking associations, with proposed capital stock of $49,154,190.
Of these applications, 470 were approved, with proposed capital stock
of $59,974,500; 59 were rejected, with proposed capital stock of
$5,070,000; and the remainder were abandoned or no action was
taken thereon. Of the 427 banks chartered, 244 were chartered to
take over 278 banks which were in weakened condition, while 157
others were organized to acquire the assets and assume the liabilities
of 158 suspended national banks and 11 State banks in charge of
conservators or for which receivers were appointed. Only 26 of this
total number of applications were approved for the primary organization of new national banking associations; however, 11 of this latter
group subsequently acquired the assets and assumed the liabilities to
creditors of a like number of insolvent national banks.
In this same year, 476 national banking associations, with common
capital of $41,396,800, were authorized to begin business, 18 of which
were located in the New England States, 136 in the Eastern States,
106 in the Southern States, 169 in the Middle Western States, 37 in
the Western States, and 10 in the Pacific States. During this period
306 of the banks chartered had, in addition to their common capitalization, preferred capital stock aggregating $19,777,300. The greatest
activity, as indicated by the number of national banks organized,
was evidenced in the following States: Pennsylvania, 87; Illinois, 41;
Texas, 39; Ohio, 34; Michigan, 25; New Jersey, 22; Iowa, 21; New
York, 21; Wisconsin, 19; Indiana, 15; West Virginia, 13; Nebraska,
10; Colorado, 9; Arkansas, 8; Minnesota, 8; Georgia, 7; Kentucky, 7;
Louisiana, 7; Oklahoma, 7; Massachusetts, 6; Maryland, 6; Missouri,
6; North Carolina, 6; and Virginia, 6. In other States the number
ranged from 1 to 5 banks.
It further appears that of the total number of charters issued within
the year ended October 31, 1934, 18 with authorized common
REPORT OF THE COMPTROLLER OF THE CURRENCY
51
capital of $5,905,000 and no preferred capital, and assets aggregating
approximately $77,051,917, were the result of conversions of State
banks, 31 with common capital of $2,497,000 and preferred capital of
$2,498,000 were reorganizations of 32 State banks, 401 with common capital of $28,927,500 and preferred capital of $16,452,000
were primary organizations for the purpose of acquiring the business
of 436 liquidating or suspended national banks and 11 State banks,
and 26 with common capital of $4,067,300 and preferred capital of
$827,300 did not acquire the business of any other banking institution
as of date of charter. The business of 32 State banks, with capital
of $1,569,500 and assets aggregating approximately $17,029,780, was
purchased by national banks.
During the year ended October 31, 1934, 4 national banking associations were consolidated into 2, under authority of the act of November
7, 1918, the common capital of the consolidated banks being $300,000,
and the preferred capital $50,000. In each instance there was an
increase in capital, the net result by reason of these consolidations
being an increase in the common capital stock of $50,000, and in the
preferred capital stock of $50,000. During the same period there
were 10 consolidations under the act of February 25, 1927, involving
the merger of 10 State banks with national banks, through which
additional assets of approximately $74,714,485 were brought into the
national system.
ORGANIZATION OF BANKS OTHER THAN NATIONAL
In the year ended October 31, 1934, three banks other than national
for which the consent of this office was given to permit commencement
of business, were incorporated under the provisions of the Code of
Laws of the District of Columbia. One of these associations was the
Industrial Bank of Washington, which was organized to take over the
Industrial Savings Bank for which a receiver was appointed September
20, 1934. The other two associations were the Export-Import Bank
of Washington, and the Second Export-Import Bank of Washington,
D. C , pursuant to Executive orders dated February 2, 1934, and
March 9, 1934, respectively, which are quoted below:
EXECUTIVE ORDER
AUTHORIZING THE FORMATION OF A BANKING CORPORATION TO B E
KNOWN AS EXPORT-IMPORT BANK OF WASHINGTON
WHEREAS the Congress of the United States has declared that a
national emergency exists by reason of widespread unemployment and
disorganization of industry; and has declared it to be the policy of
Congress to remove obstacles to the free flow of interstate and foreign
commerce which tend to diminish the amount thereof, to provide for
the general welfare, by promoting the fullest possible utilization of
the present productive capacities of industries, to reduce and relieve
unemployment, to improve standards of labor, and otherwise to rehabilitate industry; and
52
REPORT OF THE COMPTROLLER OF THE CURRENCY
WHEREAS in order to meet said emergency and to provide the
relief necessary to protect the general welfare of the people the Congress has enacted, inter alia, the following acts:
1. National Industrial Recovery Act, approved June 16, 1933;
2. Reconstruction Finance Corporation Act, approved January 22, 1932;
3. Bank Conservation Act, approved March 9, 1933; and
WHEREAS in order effectively and efficiently to carry out the
provisions of said acts it is expedient and necessary that a banking
corporation be organized with power to aid in financing and to facilitate exports and imports and the exchange of commodities between
the United States and other nations or the agencies or nationals
thereof;
NOW, THEREFORE, under and by virtue of the authority vested
in me by the National Industrial Recovery Act of June 16, 1933, it
is hereby declared that an agency, to wit; a banking corporation, be
created pursuant to title 5, chapter 9, section 261 of the Code of the
District of Columbia under the name of Export-Import Bank of
Washington.
The governing body of said corporation shall consist of a board of
trustees composed of five members, and the following persons, who
have been invited and who have given their consent to serve, shall
act as incorporators and shall handle the concerns of the corporation
for the first year:
Daniel C. Roper, Secretary of Commerce.
Robert F. Kelley, Chief of the Division of Eastern European
Affairs, Department of State.
Chester C. Davis, Administrator, Agricultural Adjustment
Administration.
Stanley Reed, General Counsel, Reconstruction Finance Corporation.
Lynn P. Talley, Executive Assistant to the Directors of the
Reconstruction Finance Corporation.
The operations of the corporation shall be carried on in the District
of Columbia, and the main office of the corporation shall be at 1825
H Street NW., Washington, District of Columbia.
The amount of capital stock of the corporation shall be $11,000,000.00, divided into classes and shares as follows:
(a) $1,000,000.00 par value of common stock, divided into ten
thousand shares of the par value of $100.00 each; and
(b) $10,000,000.00 par value of preferred stock, divided into
ten thousand shares of the par value of $1,000.00 each.
The Secretary of State and the Secretary of Commerce are hereby
authorized and directed to cause said corporation to be formed, with
such certificate of incorporation, and bylaws, as they shall deem
requisite and necessary to define the methods by which the corporation
shall conduct its business.
The persons above named are authorized and directed to subscribe
for all the common capital stock for the use and benefit of the United
States, of which amount five shares may be held in the respective
names of the initial trustees and their successors if required by the
law under which said banking corporation is incorporated.
There is hereby set aside for the purpose of subscribing for the
common
capital stock of said corporation the sum of $1,000,000.00 out
REPORT OF THE COMPTROLLER OF THE CURRENCY
53
of the appropriation of $3,300,000,000.00 authorized by section 220
of the National Industrial Recovery Act and made by the Fourth
Deficiency Act, fiscal year 1933, approved June 16, 1933 (Public, No.
77, 73d Cong.).
It is hereby further directed that any common stock in said corporation standing in the name of the United States shall be voted by
such person or persons as they—the Secretary of State and the Secretary of Commerce—shall appoint as their joint agent or agents for
that purpose. Any vacancies occurring in the initial board of trustees
shall be filled by the board of trustees, subject to the approval of the
President of the United States.
FEANKLIN D. ROOSEVELT.
T H E WHITE
HOUSE,
February 2, 1984.
EXECUTIVE ORDER
AUTHORIZING THE FORMATION OF A BANKING CORPORATION TO BE
KNOWN AS SECOND EXPORT-IMPORT BANK OF WASHINGTON, D. C.
WHEREAS The Congress of the United States has declared that
a national emergency exists by reason of widespread unemployment
and disorganization of industry; and has declared it to be the policy
of Congress to remove obstructions to the free flow of interstate and
foreign commerce which tend to diminish the amount thereof; to
provide for the general welfare by promoting the fullest possible
utilization of the present productive capacity of industries, to reduce
and relieve unemployment, to improve standards of labor and otherwise to rehabilitate industry and to conserve national resources; and
WHEREAS in order to meet said emergency and to provide the
relief necessary to protect the general welfare of the people, the
Congress of the United States has enacted, inter alia, the following
acts:
1. National Industrial Recovery Act, approved June 16, 1933;
2. Agricultural Adjustment Act, approved May 12, 1933;
3. Reconstruction Finance Corporation Act, approved January 22, 1932;
4. Bank Conservation Act, approved March 9, 1933; and
WHEREAS in order effectively and efficiently to carry out the
provisions of said acts it is expedient and necessary that a banking
corporation be organized with power to aid in financing and to facilitate exports and imports and the exchange of commodities between
the United States and other nations or the agencies or nationals
thereof;
NOW, THEREFORE, under and by virtue of the authority
vested in me by the National Industrial Recovery Act of June 16,
1933, it is hereby declared that an agency, to wit: a banking corporation, be created pursuant to title 5, chapter 9, section 261 of the
Code of the District of Columbia (1929), under the name of Second
Export-Import Bank of Washington, D. C.
The governing board of said corporation shall consist of a board
of trustees composed of nine members, and the following persons,
who have been invited and who have given their consent to serve,
106093—35
5
54
REPORT OF THE COMPTROLLER OF THE CURRENCY
shall constitute the initial board of trustees and shall handle the
concerns of the corporation for the first year:
Daniel C. Roper, Secretary of Commerce.
R. Walton Moore, Assistant Secretary of State.
George N. Peek, Special Adviser to the President on Foreign
Trade.
Robert F. Kelley, Chief of the Division of Eastern European
Affairs, Department of State.
Chester C. Davis, Administrator, Agricultural Adjustment
Administration.
Tom K. Smith, Assistant to the Secretary of the Treasury.
Stanley Reed, General Counsel, Reconstruction Finance
Corporation.
Lynn P. T alley, Executive Assistant to the Directors of the
Reconstruction Finance Corporation.
Harold H. Neff, Assistant Chief, Securities Division, Federal
Trade Commission.
The operations of the corporation shall be carried on in the District
of Columbia, and the main office of the corporation shall be at
1825 H Street NW., Washington, District of Columbia, or at such
other place as may be determined by the board of trustees.
The amount of capital stock of the corporation shall be $2,750,000
divided into classes and shares as follows:
(a) $250,000 par value of common stock, divided into 2,500
shares of the par value of $100 each; and
(6) $2,500,000 par value of preferred stock, divided into 2,500
shares of the par value of $1,000 each.
The Secretary of State and the Secretary of Commerce are hereby
authorized and directed to cause said corporation to be formed with
such certificate of incorporation, and bylaws, as they shall deem requisite and necessary to define the methods by which the corporation
shall conduct its business.
The Secretary of State and the Secretary of Commerce are authorized and directed to subscribe for all of the common capital stock
of said corporation for the use and benefit of the United States, and
shall provide that one share thereof shall be issued to each of the
initial trustees and their successors in order to qualify them to hold
the office of trustee in said banking corporation.
There is hereby set aside for the puropse of subscribing for the
common capital stock of said corporation, the sum of $250,000 out
of the appropriation of $3,300,000,000 authorized by section 220 of
the National Industrial Recovery Act and made by the Fourth
Deficiency Act, fiscal year 1933, approved June 16, 1933 (Public,
No. 77, 73d Cong.).
It is hereby further directed that any common stock in said corporation standing in the name of the Secretary of State and the Secretary of Commerce, for the use and benefit of the United States,
shall be voted by such person or persons as they, the Secretary of
State and the Secretary of Commerce, shall appoint as their joint
agent or agents for that purpose. Any vacancies occurring in the
REPORT OF THE COMPTROLLER OF THE CURRENCY
55
initial board of trustees shall be filled by the remaining members,
subject to the approval of the President of the United States.
FRANKLIN D. ROOSEVELT.
THE WHITE HOUSE,
March 9, 1934.
Additional information with respect to the export-import banks is
published on pages 137 and 138.
BRANCHES
On February 25, 1927, the date of the passage of the so-called
"McFadden bill/' there were in existence in the national system 372
branches as compared with a total of 1,264 branches in existence on
October 31, 1934.
During the intervening period 1,651 branches have been added to
the system, of which 834 were de novo branches, 307 were branches
of State banks which converted into national associations, and 510
were brought into the national system through consolidations of
State with national banks, while 759 branches were relinquished, of
which latter number 538 went out of the system through the liquidation of the parent institutions, and the remainder, 221, were discontinued through consolidations and for various other reasons. The
net result of these operations was a gain for the national system of 892
branches for the period under discussion.
In the year ended October 31, 1934, a net gain of 53 branches in
existence was recorded, 113 de novo branches being established, 64
of which were authorized under the Banking Act of 1933 in places
other than local. There were no branches brought into the system
during this period through the conversion of State banks, or the consolidation of State banks with national banks.
Sixty branches were lost to the national system, 38 through liquidation of the parent bank and 22 through action of the directors and
shareholders.
There follows a summary of branch-banking operations in the
national system during the period discussed in the foregoing:
56
REPORT OF THE COMPTROLLER
OF THE
CURRENCY
Table showing number and kind of branches on Feb. 25, 192?', and number and
manner of acquisition of additional branches of national banks by years to close of
Oct. 81, 1984
Authorized
Conversions of
State
banks
On Feb. 25, 1927
Period ended Oct.
31,1927
Year ended Oct.
31,1928
Year ended Oct. 31,
1929.
_
Year ended Oct. 31,
1930
Year ended Oct. 31,
1931
Year ended Oct. 31,
1932
Year ended Oct. 31,
1933
Year ended Oct. 31,
1934
_.
Under act Feb. 25,
1927, as amended
Involun- Voluntary
tary
Total liquiliquiOther
Local
dations dations
than
city
city
branches local
branches
Lapsed
or consolidated
istence
207
372
372
104
127
527
899
8
62
103
173
20
60
992
2
82
89
173
86
18
1,061
1
5
86
92
32
35
1,086
95
50
145
15
2
30
1,184
162
102
264
17
87
30
1,314
26
1,211
165
296
472
Total
Consolidations
of State
banks
Closed
510
106
58
164
241
49
64
113
24
14
22
1,264
919
122
2,023
297
241
221
1,264
Table showing number and kind of branches authorized and closed during the year
ended Oct. 81, 1934
Classes
}
Statutory^
~
Additional offices, c branches
Millspaugh Act
~ ,
, ("local
c brancnes
{ o t h e r than locaL"___"__
Total
In
operation
Feb.
25,
1927
165 /\
202
5
372
In
existence
Oct.
31,
1933
Author- Closed during the year ended
Oct. 31, 1934
ized
during
year
ended
By
Oct.
share- direct- Lapsed Insol31,
vent
holders
ors
1934
376
297
91
5
384
58
49
64
4
1,211
113
16
11
1
11
7
IS
Total
in existence
Oct.
31,
1934
2
2
4
2
16
365
294
87
3
400
115
2
24
1,264
EEPORT OF THE COMPTROLLER OF THE CURRENCY
57
Table showing number and manner of acquisition of domestic branches of national
banks during the year ended Oct. 31, 1934
Branches authorized during
the year ended Oct. 31, 1934
Charter no.
Title and location
Under act Feb. 25,
1927, as amended
Local
CALIFORNIA
12545
2491
8907
3050
9174
13044
The Seaboard National Bank of Los Angeles,.
Security-First National Bank of Los Angeles
The Citizens National Trust and Savings Bank of Riverside....
The First National Trust and Savings Bank of San Diego
The Anglo California National Bank of San Francisco
Bank of America National Trust and Savings Association, San
Francisco
335
1338
The First National Bank and Trust Company of Bridgeport. __.
Hartford National Bank and Trust Company, Hartford
CONNECTICUT
IDAHO
American National Bank of Idaho Falls...
13938
The Merchants National Bank of Indianapolis..
The Merchants National Bank of Terre Haute..
14228
3595
The Calcasieu-Marine National Bank of Lake^Charles.
The First National Bank of Shreveport
MAINE
The First National Bank of Lewiston
13716 First National Bank at Portland
13768 Northern National Bank of Presque Isle.
MASSACHUSETTS
12979
First National Bank in Medford
14185
13622
13671
13976
13758
13799
14249
4398
Security National Bank of Battle Creek
The National Bank of Bay City
National Bank of Detroit
National Bank of Flint
._.
The National Bank of Grand Rapids
Peoples National Bank of Grand Rapids
The National Metals Bank of Hancock
The Hackley Union National Bank of Muskegon.
MICHIGAN
NEVADA
9310 The Ely National Bank, Ely..
7038 First National Bank in Reno..
N E W JERSEY
8800 The Boardwalk National Bank of Atlantic City
1209
First Camden National Bank and Trust Company, Camden..
N E W YORK
1262
149
639
13959
13242
255
3393
721
13882
The New York State National Bank, Albany
First National Bank & Trust Company of Elmira
Niagara County National Bank and Trust Company of LockportThe Fidelity National Bank in New York
United National Bank of Long Island in New York
First and Second National Bank and Trust Company of Oswego.
Lincoln National Bank and Trust Company of Syracuse
The ManufacturersNational Bank of Troy.
First National Bank in Yonkers
—
Other
than
local
Total
58
REPORT OF THE COMPTROLLER OP THE CURRENCY
Table showing number and manner of acquisition of domestic branches of national
banks during the year ended Oct. 31, 1934—Continued
Branches authorized during
the year ended Oct. 31, 1934
Charter no.
Title and location
Under act Feb. 25,
1927, as amended
Local
Other
than
local
Total
NORTH CAROLINA
7698
13761
The Citizens National Bank of DurhamSecurity National Bank of Greensboro..OHIO
4318 Central United National Bank of Cleveland
13920 The Mansfield Savings Trust National Bank, Mansfield.
7781 The Security Central National Bank of Portsmouth
OREGON
1553
The First National Bank of Portland...
PENNSYLVANIA
14107
13175
13153
14277
The First National Bank at McKees Rocks
The Northeast National Bank of Philadelphia.
The Forbes National Bank of Pittsburgh
Union National Bank of Reading
13981
13901
The Columbus National Bank of Providence
Rhode Island Hospital National Bank of Providence..
RHODE ISLAND
SOUTH DAKOTA
4631
The First National Bank of Lead
2049
3032
Park National Bank of Knoxville *
The American National Bank of Nashville..
2597
9403
First Security Bank of Utah, National Association, Ogdena
The
Continental
National Bank and Trust Company of Salt
Lake
City..
TENNESSEE
VERMONT
13755
National White River Bank in Bethel
10618
2594
10194
National Bank and Trust Company at Charlottesville.
The Peoples National Bank of Charlottesville
The Seaboard Citizens National Bank of Norfolk
11280
4375
3417
First National Bank of Seattle
_
The National Bank of Commerce of Seattle.
The National Bank of Tacoma
VIRGINIA
WASHINGTON
Total (61 banks).
49
1 Formerly The East Tennessee National Bank of Knoxville which was placed in hands of a receiver
Jan.
2 20,1933, and subsequently restored to solvency on Dec. 21,1933.
Formerly First National Bank of Ogden.
REPORT OF THE COMPTROLLER OF THE CURRENCY
59
Table showing number and class of domestic branches of national banks closed
during the year ended Oct. 81, 1934
Branches closed
Charter
no.
Title and location
Manner of closing
2491 Security-First National Bank of
Los Angeles.
Board of directors..
DISTRICT OF COLUMBIA
9545
District National Bank of Wash- Receiver.
ington.
GEORGIA
The First National Bank of At- Shareholders.
lanta.
13068 The Citizens and Southern National Bank, Savannah.
1559
INDIANA
The National City Bank of Board of directors._
Evansville.
3285 Old First National Bank and Receiver
Trust Company of Fort Wayne.
9829 The Fletcher American National
Bank of Indianapolis.
Voluntary liquidationKENTUCKY
12132
First National Bank and Trust
Company of Lexington.
Board of directors..
LOUISIANA
13573
13689
Calcasieu National Bank in Lake Voluntary liquidationCharles.
The National Bank of Commerce Board of directors
in New Orleans.
MASSACHUSETTS
4907
Springfield National
Springfield.
Bank,
MICHIGAN
Old-Merchants National Bank Voluntary liquidation.
and Trust Company of Battle
Creek.
13738 The Manufacturers National Board of directors
Bank of Detroit.
13671 National Bank of Detroit
.do8148 The Capital National Bank of Receiver.
Lansing.
7589
NEW JERSEY
First National Bank of East
-doOrange.
12631 The South Side National Bank Voluntary liquidationand Trust Company of Newark.
1317 The Orange National Bank
Receiver
12338
Branches under act
State
of Feb. 25, 1927,
bank
as amended
branches
in operation
Addi25, Total
tional Branches Feb.
1927,
offices
authorwhich
which
ized
were conbecame
since
verted
branches Feb. 25, or
conFeb. 25,
1927
solidated
1927
60
REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and class of domestic branches of national banks closed
during the year ended Oct. 31, 1934—Continued
Branches closed
Charter
no.
Title and location
Manner of closing
Branches under act
State
of Feb. 25, 1927,
bank
as amended
branches
in operation
Addi25, Total
tional Branches Feb.
1927,
offices
authorwhich
which
ized
were conbecame
since
verted
branches Feb. 25, or
conFeb. 25,
1927
solidated
1927
N E W YORK
6427
2370
721
653
The National City Bank of New
Rochelle.
The Chase National Bank of the
City of New York.
The Manufacturers National
Bank of Troy.
The First National Bank and
Trust Company of Yonkers.
Receiver
1
1
Board of directors
1
1
1
do
Receiver.
_
1
1
1
2
4
1
1
2
NORTH CAROLINA
12278
The Farmers National Bank and
Trust Company of WinstonSalem.
51
The First National Bank of
Johnstown.
The Sixth National Bank of
Philadelphia.
Commercial National Bank of
Philadelphia.
Voluntary liquidation
PENNSYLVANIA
352
3604
Receiver
1
do
do
2
1
3
3
3
5
TENNESSEE
1606
2049
The First National Bank of
Chattanooga.
Park National Bank of Knoxville.
do
Board of directors
1
1
1
1
2
2
VIRGINIA
9885
National Bank of Commerce of
Norfolk.
Total (29 banks)
do
4
39
17
60
NATIONAL-BANK CIRCULATION
Consols and Panama 2 percent bonds outstanding eligible as security
for national-bank circulation on June 30, 1934, aggregated $674,625,630, the same as on June 30 of the year previous, comprising $599,724,050 consols of 1930, $48,954,180 Panama Canal 2's of 1916-36,
and $25,947,400 Panama Canal 2's of 1918-38. In addition there
were outstanding on the date indicated Treasury and other United
States bonds of $5,803,981,690 bearing interest at a rate not exceeding
3% percent per annum which, under the provisions of section 29 of the
Federal Home Loan Bank Act approved July 22, 1932, were also
eligible as security for national-bank circulation for a period of 3 years
from the date of enactment of the act.
On June 30 of the current year there were on deposit with the
Treasurer of the United States as security for national-bank circula
REPORT OF THE COMPTROLLER OF THE CURRENCY
61
tion, bonds totaling $736,948,670, comprising $522,693,900 of consols,
$50,505,720 of Panama Canal 2's, and $163,749,050 Treasury and
other United States bonds.
The circulation of national banks outstanding on June 30 this year,
secured by all classes of eligible bonds and lawful money, amounted to
$954,694,753. Of this amount $729,973,968 was secured by bonds
and the remainder, $224,720,785, by lawful money held by the Treasurer to provide for the redemption of the notes of banks retiring their
circulation and on account of associations in liquidation.
Statement of capital stock of national banks, national-bank notes and Federal Reserve
bank notes outstanding, bonds on deposit, etc.
July 2, 1934
Authorized capital stock of national banks, common
Paid-in capital stock of national banks, common
June 1, 1934
$1,354,103,741 $1,370,361,941
1,354,103,741 1,370,361,941
Increase or
decrease since
above date
Increase of authorized capital stock, commonDecrease of authorized capital stock, common.
Increase of paid-in capital stock, common
Decrease of paid-in capital stock, common
Authorized capital stock of national banks, preferred,
par value
Paid-in capital stock of national banks, preferred, par
value
$243,265,934
243, 239,504
$412,963, 600
$368,502,700
$54,412,100
412,963,600
368,502,700
54,412,100
Net increaseNet decrease..
Increase or
decrease since
above date
$44,460,900
$358,551,500
44,460,900
358,551,500
$729,973,968
$743,980,298
$853,935,968
224,720,785
219,211,255
116,665,120
954, 694, 753
963,191,553
970,601,088
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
16,258,200
Increase of authorized capital stock, preferred, par valueDecrease of authorized capital stock, preferred, par value..
Increase of paid-in capital stock, preferred, par value
Decrease of paid-in capital stock, preferred, par value
Total national-bank notes outstanding, old and
new series
$1, 597,369,675
1,597,343,245
$16,258,200
Increase or
decrease since
above date
National-bank notes outstanding secured by United
States bonds, old and new series
National-bank notes outstanding secured by lawful
money, old and new series
July 1, 1933
Increase or
decrease since
above date
$14,006,330
5,509,530
$123,962,000
108,055,665
8,496,800
15,906,335
62
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of capital stock of national banks, national-bank notes and Federal Reserve
bank notes outstanding, bonds on deposit, etc.—Continued
Federal Reserve bank notes outstanding secured by
United States bonds
Federal Reserve bank notes outstanding secured by lawful money
Total Federal Reserve bank notes outstanding
$2,432,763
$2,470,887
$2,581,934
2,432,763
2,470,887
2,581,934
Increase or
decrease since
above date
Increase secured by United SI ates bonds
Decrease secured by United S tates bonds
Increase secured by lawful mo ney
Decrease secured by lawful m aney.. _
Net increase
Net decrease
Kinds of bonds on deposit
Total
$38,124
$149,171
38,124
149,171
National-bank notes of Federal Reeach
denomination serve bank
notesofeach
outstanding
denomination outOld series New series standing,
old series
On deposit
to secure
nationalbank notes
United States consols of 1930 $522, 693,900
(2 percent).
United States Panama of 1936 34, 784,860
(2 percent).
United States Panama of 1938 15,720,860
(2 percent).
United States Treasury, 5136,424,850
55 (3 percent).
United States Treasury, 46- 21,665,650
49 (ZH percent).
United States Treasury, 41- 27,492,000
43 (3H percent).
United States Treasury, 4010, 646,150
43 (3% percent).
United States Treasury, 4325,434, 750
47 (SH percent).
United States Panama Canal,
1,000
1961 (3 percent).
United States convertible, 461,015,000
47 (3 percent).
United States Treasury, 3326, 334, 650
41 (334 percent).
United States Treasury, 462, 255, 000
48 (3 percent).
United States Treasury, 4412,480,000
46 (3H percent).
Increase or
decrease since
above date
$340,749
One dollar
162,420
Two dollars
10,922,710 $168,696,480
Five dollars
18,317,695 372, 252,910
Ten dollars
16,311,140 297,833, 200
Twenty dollars
2,979, 550 36,109,900
Fifty dollars
34,161, 600
One hundred dollars.. 3,871,400
87,500
Five hundred dollars.
21,000
One thousand dollars.
62, 069
230
Fractional parts
$1,622,482
407,241
266,955
62, 665
63, 770
9,650
Total
53,076, 233 909,054, 320
7,435,800
2,432,763
Total
53,076, 233 901, 618, 520
2,432,763
Less l
736,948,670
i Notes redeemed but not assorted by denominations.
In the year ended October 31, 1934, the withdrawal of bonds held
by the Treasurer of the United States in trust as security for nationalbank circulation amounted to $238,015,280.
The withdrawals by reason of liquidation of banks amounted to
$12,182,510, and on account of banks placed in charge of receivers,
$59,683,870.
Bonds held by the Treasurer of the United States in trust as
security for circulation were augmented to the extent of $80,433,700
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:
EEPOBT OF THE COMPTBOLLEB OF THE CUBBENCY
63
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
Oct. 31, 1934
Date
November.
December..
January
February. _
March
April
-.
May
June
_July..
August
September.
October
1933
Bonds
withdrawn
by banks
reducing
circulation
Bonds
withdrawn
by banks in
liquidation
Bonds
withdrawn
by banks in
insolvency
$8,855, 700
31,811, 250
$1,410, 700
1, 260,900
$440,000
150,000
7, 482, 250
7, 363, 750
6, 267,900
2, 930,100
4,439,000
2, 505, 500
2, 231, 000
2,072, 250
1,985,000
2,490,000
6, 495,000
5, 701,000
29, 734, 750
50,145,800
15, 320, 200
15,471,150
17,776, 750
12, 701, 750
4,900, 600
5, 230, 300
925,000
2,097, 500
950, 500
1,475,000
1, 743, 750
1,005,000
1,460,010
318, 750
915,000
702,000
17,941, 260
675,000
36,106, 500
250,000
1,492,000
180, 433, 700
166,148, 900
12,182, 510
59, 683,870
1934
Total..
1
Bonds
deposited
by banks
chartered
and those
increasing
circulation
during the
year
$50,000
3,169,110
Includes $23,588,250 deposited b y 250 of 476 banks chartered during the year.
Of the 5,422 reporting licensed national banks on June 30, 1934,
there were 4,600 banks with common capital of $919,833,000 issuing
circulating notes, and on the same date the amount of notes outstanding aggregated $698,293,000. The 822 banks which did not exercise
the circulation privilege had common capital stock amounting to
$406,889,000.
A table disclosing the number of licensed national banks issuing
circulation, their capital and amount of circulation outstanding,
according to reserve cities and States, together with the number of
associations not issuing circulation and their capital, on June 30, 1934,
is published in the appendix of this report.
There is also published in the appendix a table showing, by months,
the profit on national-bank circulation based upon a deposit of $100,000
Panama Canal 2-percent bonds of 1916-36 at the average net price
during the year ended October 31, 1934. The table includes also
like figures relative to $100,000 of United States 2-percent consols
of 1930 so far as may be computed. Due to the unknown date of
maturity of the consols, however, it is impossible to determine the
amount of sinking fund necessary to provide for liquidation of the
premium paid for the bonds. The tables mentioned are supplemented
by others showing the investment value of circulation bonds quarterly
and the monthly range of prices in New York in the year ended
October 31, 1934.
With reference to the Federal Home Loan Bank Act approved July
22, 1932, section 29 of which extended the circulation privilege to
national banks for a period of 3 years upon the deposit with the
Treasurer of the United States bonds with interest not exceeding 3%
percent, no calculation can be made of profit on circulation issued
64
EEPOET OF THE COMPTROLLER OF THE CURRENCY
through bonds deposited for the purpose due to the indeterminate
market value of the bonds at the end of the 3-year period.
REDEMPTION OF NATIONAL AND FEDERAL RESERVE BANK
CIRCULATION
During the year ended June 30, 1934, the national-bank notes,
Federal Keserve notes, and Federal Reserve bank notes aggregating
$1,558,047,780 were redeemed in the United States Treasury at a total
expense of $463,776.22.
Redemptions included Federal Reserve notes amounting to $1,039,575,495; Federal Reserve bank notes received from all sources,
$50,426,500; and national-bank notes of $468,045,785, the latter
amount including $99,748,405 redeemed on retirement account.
National-bank notes were redeemed at an average cost of 90 cents
per $1,000; Federal Reserve notes received from sources other than
the Federal Reserve banks, 56 cents per 1,000 notes; canceled and
other Federal Reserve notes received direct from Federal Reserve
banks and branches, 31 cents per 1,000 notes redeemed; and redemption on account of Federal Reserve bank notes at the rate of 86 cents
per 1,000 notes.
Statements showing the amount of national-bank notes, Federal
Reserve notes, and Federal Reserve bank notes received monthly for
redemption in the year ended June 30, 1934, the source from which
received, the rate per $1,000 of national-bank notes redeemed, and
the rate per 1,000 notes of Federal Reserve and Federal Reserve bank
notes redeemed, are published in the appendix of this report.
CONDITION OF NATIONAL BANKS AT DATE OF EACH CALL DURING
THE YEAR
Under authority of section 5211, United States Revised Statutes,
national banks were called upon to submit four reports of condition
during the year ended October 31, 1934, as of various dates specified
by the Comptroller.
Summaries of assets and liabilities of reporting banks on the date
of each call during the year, together with a summary for October 25,
1933, are shown in the following statement:
Abstract of reports of condition of national banks on dates indicated
[In thousands of dollars]
Loans and discounts (including rediscounts) 2__
Overdrafts
_U. S. Government securities, direct obligations
_.
_
_.
Securities guaranteed by U. S. Government as to interest and principal
Other bonds, stocks, securities, etc
Customers' liability account of acceptances
Banking house, furniture and fixtures
Other real estate owned
Reserve with Federal Reserve banks
_
Cash in vault
Balances with other banks
_
Outside checks and other cash items
Redemption fund and due from U. S. Treasurer
Acceptances of other banks and bills of exchange or drafts sold with endorsement..
Securities borrowed
Other assets
-
Total..
Demand deposits, except U. S. Government deposits, other public funds and deposits of other
banks.
Time deposits, except postal savings, public funds, and deposits of other banks
Public funds of States, counties, municipalities, etc
_
U. S. Government and postal-savings deposits
Deposits of other banks, certified and cashiers' checks outstanding, and cash letters of credit and
travelers' checks outstanding
Total deposits
Secured by pledge of loans and/or investments
Not secured by pledge of loans and/or investments.
Oct. 17, 1934
(5,466 banks) l
Oct. 25, 1933
(5,057 banks)»
Dec. 30, 1933
(5,159 banks) i
Mar. 5, 1934
(5,293 banks) i
June 30, 1934
(5,422 banks) l
8, 257,937
4,224
4, 111, 645
8,101,156
3,053
4, 469,147
3, 383, 270
198,820
646, 292
158,422
1, 684, 024
329, 786
2,149, 654
25, 543
38,387
4,330
3,699
202, 616
3, 401, 625
229,956
645, 278
158, 530
1, 747, 364
343,117
2, 313, 454
43,250
40, 474
14, 005
5,716
231, 358
7,899, 279
3,394
5, 407, 348
2
141, 579
3,286,864
191, 258
643,643
165, 415
2, 029,848
358,302
2,498,833
32,812
40,851
12, 504
4,508
224, 735
7,694, 749
2,994
5, 645,741
2
357,911
3,344,901
129,128
655,819
151,970
2, 497,400
352,402
2, 798,241
48,922
36,426
1,408
2,112
181,468
21,198,649
21, 747,483
22,941,173
23,901, 592
24, 811,390
7, 331,057
5, 519,119
1, 253, 554
1,125, 215
7,463, 649
5, 730, 547
1, 331, 771
1, 509, 252
8, 041,580
6,075, 625
1, 499,013
1, 330,460
8,848,799
6, 203, 777
1, 484,193
971,059
7,180,766
5, 484, 561
1, 076, 691
1, 095,139
2, 218,051
17,055,208
2, 360, 937
17,5
2, 755, 268
18, 790,487
2,640,397
16,150,090
3
2, 985,982
19,932,660
2,523,159
17,409,501
Circulating notes outstanding
778, 566
746,913
790,037
698, 293
Agreements to repurchase U. S. Government and other securities sold
5,905
13,412
6,051
4,399
68,452
81,064
Bills payable
47, 369
13,672
13, 535
19, 302
Rediscounts...-5,350
2,007
Obligations on industrial advances transferred to the Federal Reserve bank..
12 Licensed banks which were operating on unrestricted basis.
Includes Home Owners' Loan Corporation 4 percent bonds, guaranteed by the United States as to interest only, the amount of which was not called for separately.
3 Includes Home Owners' Loan Corporation 4 percent bonds, which are guaranteed by the United States as to interest only.
7,633,924
4,720
5,837,378
510,854
3, 570,137
137,155
654,056
158,880
2, 509, 639
418,756
3,102, 395
44,299
35,075
1,201
1,646
191, 275
§
3
W
H
O
o
o
H3
W
3,313, 564
20,821,392
2,100,445
18,720,947
665,845
4,432
8,207
579
O
Abstract of reports of condition of national banks on dates indicated—Continued
[In thousands of dollars]
June 30, 1934
(5,422 banks)
Oct. 17,1934
(5,466 banks)
Oct. 25, 1933
(5, 057 banks)
Dec. 30, 1933
(5,159 banks)
Mar. 5, 1934
(5,293 banks)
4,330
205,624
7,777
14,005
235,718
6,816
5,716
45,100
12,504
194,824
5,790
4,508
55,618
1,408
133,221
6,683
2,112
41,741
81, 622
1,588,250
880, 670
236,022
197,224
108,073
1,653,930
867,825
248,870
149,807
130
64,363
1,737,827
854,057
257,311
151, 267
571
1,201
137,892
5,497
1,646
53,898
4,324
50,187
1,772,513
845,335
286,184
151,345
913
21,198,649
21, 747,483
22,941,173
23,901,592
24,811,390
75,119
3,800
1,488,682
1,567,601
140,295
4,400
1,444,759
1,589,454
243,291
5,535
1,406,162
1,654,988
401,989
10,081
1,326,722
1,738, 792
444,626
15,205
1,313,997
1, 773, 828
997,637
121,407
3,988,923
2,606,142
991,388
102,226
3,699,756
2,404,487
847, 317
88, 210
3, 340,014
816, 269
1,658,117
724, 566
1,445,592
695, 595
1,127,074
935,153
245,805
146,572
87,907
64,893
34,207
3,988,923
975,448
249,491
176,768
26, 387
82,902
18, 602
3,699,756
952,021
270,849
177,581
15,116
84,593
17,185
3, 340,014
LIABILITIES—continued
Acceptances of other banks and bills of exchange or drafts sold with endorsement.
__
Acceptances executed for customers
_
Acceptances executed by other banks for account of reporting banks
Securities borrowed
_
Interest, taxes, and other expenses accrued and unpaid
__
._.
Dividends declared but not yet payable and amounts set aside for dividends not declaredOther liabilities
_
._
Capital stock (see memorandum below)
...
Surplus..
Undivided profits, net
Reserves for contingencies
Preferred stock retirement fundTotal.
Memoranda:
Par value of capital stock:
Class A preferred stock.
Class B preferred stock.
Common stock
_
Total..
Loans and investments pledged to secure liabilities:
U . S . Government obligations, direct and/or fully guaranteed..
Other bonds, stocks, and securities
Loans and discounts (excluding rediscounts)
Total
Pledged:
Against circulating notes outstanding
__
__
Against U. S. Government and postal-savings deposits
Against public funds of States, counties, school districts, or other subdivisions or municipalities
Against deposits of trust department
Against other deposits
Against borrowings
With State authorities to qualify for the exercise of fiduciary powers
For other purposes
__
Total
_
_
60,009
77, 710
., 566, 698
916,183
264, 376
176, 344
w
tel
o
o
o
F
F
o
o
Principal items of assets and liabilities of licensed national banks, Oct. 17, 1934
[In thousands of dollars]
Loans and
Num- discounts,
ber of including
banks overdrafts
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
...
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
1
Due from
banks,
Real
estate, Cash in including
reserve
furniture, vault
and other
and
cash
fixtures
items
Total
assets
800
546, 718
245,166
45,387
959
165,422
133,043
4,959, 506
' 744, 293
2, 694, 500
21, 469
302,186
170,967
815,840
2, 486, 212
362, 746
238, 634
844, 749 1,012,959
9,178
5,666
122,126
95, 544
83, 292
48, 266
799,812
15,204
306, 304
317
47,680
19,802
52,094
27, 544
95,471
1,206
4,923
2,400
2,490
1,119
1,074
105
60,607
168,005
1,903
13,803
9,300
291,043
35, 689
245,165
3,082
17, 323
7,693
8,892,921
3, 780, 679 2, 344, 533 1,189,119
183, 638
4,788
643, 524
599,995
18,473
8,926
3,160
2,327
5,137
8,149
11,377
2,328
190
130
203
413
35
121
164
234
10
27,828
12, 722
7,170
3, 92518, 679
15,805
21, 720
5,130
14, 375
83,164
6,285
13,031
23,974
18,839
8,040
4,656
2,067
13,054
6,584
12, 062
1,997
8,465
42, 651
4,210
12,871
11,017
1,913
253,808
146, 513
35, 207
33,094
13, 210
748,388
55, 598
118, 687
801, 505 | 721,936
66,344
83, 574
460,121
2,168,171
1, 004,184
462
234
708
16
63
9
1,500,486 2,114,980
254, 748
321, 550
844,870 1,195, 785
9,571
8,347
164,648
58, 708
64,168
42, 580
141,295
42,567
104,715
1,159
6,411
7,371
51, 564 1,007,918
106, 234
13, 719
482, 466
39,925
1,958
341
3,757
49,912
1,492
2,709, 739 3,870,702
303,518
115,636 1,715,471
103, 746
47,827
24,656
17, 399
75,743
92,186
62,559
21, 706
82,072
337, 776
31, 751
81,526
98,157
13,772
9,560
3,448
1,903
11,609
8,105
11,025
2,705
9,651
1,056, 789 1,077,104
1,186
2,287
5,401
10,891
82, 661
27, 733
28,274
18,112
70,060
45,059
38, 631
14, 342
67, 353
356, 768
23,892
42, 786
129,217
63,829
897,999
Surplus
and undivided
profits,
including
reserves
10, 785
7,160
6,555
110,897
7,620
22,405
127,191
78,451
57, 315
1, 517,429
104,238
283, 547
7,224
4,036
3,846
1,836
4,120
4,963
4,301
1,353
3,929
17, 763
1,855
3,383
5,220
Bills
National- payable Capital
bank
and re- (common
and prenotes outdisferred)
standing counts
4,400
4,998
3,940
17,070
5, 756
9,223
24,982
14,063
7,711
337, 469
18,806
57, 090
138,233
59,129
27, 533
11, 759
100, 371
34, 379
71,863
19,407
83,615
300, 553
27,397
72,158
110, 392
Due to
banksl
5,239
5,199
1,244
209,091
6,777
17,616
2,810
2,076
1,017
68, 203
3,394
6,074
133
78
43
19
58
50
70
25
30
457
51
99
73
Time
deposits
65, 398
21,310
28,856
314, 858
19, 349
96, 947
1,952
2,502
1,493
44,708
1,071
14,618
37,333
28,772
20,873
558,332
43,673
112, 522
51, 292
263,385
186,028
190, 381
59,849
249,289
1, 058,096
87, 723
206, 393
309,172
109, 460
58, 390
43, 700
26,033
116,914
92,123
74, 059
24, 355
105, 342
556, 523
38, 219
85, 486
113,837
134, 500
54, 510
23,323
10, 261
67, 366
43, 736
53, 646
22, 349
60,821
163, 720
24,939
59, 705
95, 449
37,661
6,084
5,864
6,562
40,417
19,080
16, 383
3,022
49, 498
166,117
10, 243
24, 273
47,863
3, 247,124
1,444, 441
814, 325
433,067
348,228
149,200
Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.
Demand
deposits,
including
United
States
deposits
59, 467
30,577
25, 726
478,044
36,497
91, 625
40
52
43
138
12
54
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Investments
42, 502
3,518
10,273
16, 014
140,823
413
5,870
6,508
3,371
91,978
8,582
16, 734
Principal items of assets and liabilities of licensed national banks, Oct. 17, 1934—Continued
[In thousands of dollars}
Location
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)
The Territory of Hawaii (nonmember bank)
Total (nonmember banks).
Total United States
Number of
banks
Due from
banks,
Real
Loans and
including
estate,
discounts, Invest- furniture, Cash in reserve
including ments
vault
and other
and
overdrafts
cash
fixtures
items
372, 696
131, 950
939, 206
276, 662
187,930
269,301
91,826
234,851
35,056
13,218
44,683
11, 289
13,946
15, 778
4,919
8,139
1,278
1, 563,174 2, 504,422
147,028
70
65
138
195
46
26
82
24
218
864
14,838
13,782
62,381
58, 430
12,934
11, 626
48,360
7,441
82,976
312, 7fi8
24, 212
22,437
108,492
73,188
32,489
12,551
102,207
10,612
122,855
67
53
129
25
14
6
8
302
77,563
44, 901
1,028,219
5,675
14, 717
2,431
4,590
252
123
289
85
106
211
122
90
4
1
5
5,466
271, 468
79, 392
586, 221
109, 261
121,317
198,040
55,134
142, 341
509,043
122,567
101,880
929,769
13,598
28,206
8,917
11,055
1,178, 096 1,215,992
1,209
2,064
2,573
2,443
6,764
8,616
2,817
1,071
4,990
1,246
10, 701
41,221
Demand
deposits,
including
United
States
deposits
Time
deposits
174,563
95,852
713,409
13fi, 270
82,359
181,509
68,376
182, 593
876,612
331,955
2, 373,694
549, 441
417,209
677, 241
225,842
577,870
368,443
153, 297
1, 243,888
287, 501
162,669
256, 235
107,017
258,855
288,985
88, 203
419,497
150, 984
142,843
203, 229
49,088
105,323
65,617
37,844
417,817
39,199
45, 591
123,338
40,834
152, 672
33, 748
13,787
19,748
9,305
19,032
20,731
6,377
7,797
301
15
5
592
10
74,916
25,205
168,828
37, 962
28,113
45, 706
15,136
33,120
39,812
12,960
73,856
18, 908
17,364
24,316
6,928
18,132
98, 745 1, 634,931
6,029,864
2,837,905 1,448,152
922,912
130, 525
923
428,986
212,276
3,137
3,384
61,132
32,152
5,117
3,892
31,574
1,386
36, 542
2,154
1,482
6,738
9,705
1,871
1,346
6,581
1,152
9,350
40,379
9
7
98
31
5,393
5,728
15,957
15, 589
5,246
2,675
12,528
2,070
27,470
92, 656
22, 612
10,170
142,950
2,290
4,207
600
1,625
184, 454
2,519
2,022
8,209
8,822
3,756
1,914
9,495
1,163
13, 643
51,543
15,672
9,709
38,876
9,707
7,378
6,389
4,259
6,755
1,023
970
2,834
3,397
1,511
990
5,279
1,072
4,505
60,417
54,735
254,695
225,678
74, 737
40,194
245,504
31,956
329,599
24,574
25, 537
115,649
114,133
34,822
17,040
112,479
20, 501
170,144
1,317,515
282,553
205,807
2,486,680
30,808
62,021
17,309
24,418
634,879
21, 581
16,967
14,489
73,164
80,876
24,504
13,818
83,514
11,494
106,971
425,797
123,805
4,977
3,689
21,230
824
456
573
747
32,496
66,285
46,084
367,018
9,370
17,350
4,839
6,416
517,362
119
398
1,895
5,694
3,153
1,684
2,497
2,757
40,505
13,367
8,382
6,628
104,802
1,171
1,018
406
1,398
15,364
17,106
16, 573
19,170
1,803
7,R8,644 9, 918,369
812, 936
Surplus
Bills
Capital and unpayable (common
and re- and pre- divided
profits,
discounts ferred) including
reserves
Total
assets
3,109, 596
22,363
16,240
46,448
44,941
23,512
13,322
72,433
5,674
71,817
316,750
Nationalbank
Due to
banks notes outstanding
178,316
31, 406
19, 636
157,171
1,820
9,501
535
1,447
221, 516
16,025
7,598
92,908
1,300
2,473
406
858
121, 568
1,754
54
175
17, 847
648
702
3,350 !
126,832
74,352
70,266
89,477
727,055 1,231, 542
15,943
8,637
24, 598
18, 733
9,095
5,958
11, 632
7,787
1, 004,632 1,417, 275
4,652
46,199
16,520
19, 601
2,895
418,756 5,656,333 . 24,811,390 10, 723, 240 6, 907, 354 3,190, 798
3,525 i
665,845
43
5
193
10
10
10,375
7 699
115, 734
808
2 403
461
894
138,374
313
245
3,350
3,663
1,788
2,033
8,786 1, 772, 513
1,283,777
69
REPORT OF THE COMPTROLLER OF THE CURRENCY
LIABILITIES OF LICENSED NATIONAL BANKS ON ACCOUNT OF BILLS
PAYABLE AND REDISCOUNTS
Liabilities of licensed national banking associations for money
borrowed on account of bills payable and rediscounts at the date of
each call since October 31, 1933, are shown in the following statements:
Total borrowings of national banks on account of bills payable and rediscounts at
date of each call since Oct. 31, 1983, according to geographical location
[In thousands of dollars]
New
England
States
Middle Western
Eastern Southern Western
States
States
States
States
Pacific
States
Total
Dec. 30, 1933:
Bills payable
Rediscounts
3,859
543
39,426
5,090
12,843
2,891
8,080
3,071
945
1,286
3,299
654
68,452
13,535
Total
4,402
44,516
15,734
11,151
2,231
3,953
81,987
Mar. 5,1934:
Bills payable
Rediscounts
1,399
218
32,963
2,930
7,329
684
3,312
952
402
427
1,964
139
47,369
5,350
Total-
1,617
35,893
8,013
4,264
829
2,103
52, 719
June 30, 1934:
Bills payable
Rediscounts
685
10
9,197
1,177
2,107
453
1,371
157
141
108
171
102
13, 672
2,007
Total
695
10,374
2,560
1,528
249
273
15, 679
Oct. 17, 1934:
Bills payable
Rediscounts
919
40
4,513
275
1,790
123
875
48
100
93
10
8,207
579
Total
959
4,788
1,913
923
193
10
8,786
Total borrowings of national banks on account of bills payable and rediscounts at
date of each call since Oct. 31, 1983, according to central and other reserve cities
and country banks
[In thousands of dollars]
Central
reserve
cities
Other
reserve
cities
Country
banks
Total
Dec. 30,1933:
Bills payable
Rediscounts
7,590
180
60,862
13,355
68,452
13,535
Total
7,770
74,217
81,987
Mar. 5, 1934:
Bills payable
Rediscounts
5,649
174
41, 720
5,176
47,369
5,350
Total
5,823
46,896
52,719
180
13,492
2,007
13,672
2,007
June 30, 1934:
Bills payable
Rediscounts
-.
Total
180
15,499
15,679
Oct. 17,1934:
Bills payable
Rediscounts
50
5
8,157
574
8,207
579
Total
55
8,731
8,786
106093—35
70
REPORT OF THE COMPTROLLER OF THE CURRENCY
LOANS AND DISCOUNTS OF NATIONAL BANKS
The statement following shows a classification of loans and discounts reported by national banks as of June 30, 1932, 1933, and 1934.
Classification of loans and discounts as of June 30, 1932, 1933, and 1934
[In thousands of dollars]
June 30, 1932
Amount
Acceptances of other banks, payable in United
States$124,716
Notes, bills, acceptances, and other instruments evidencing loans payable in foreign
countries.
_
14,580
Commercial paper bought in open market
83,251
Loans to banks and trust companies:
On securities
196,508
All other
.
135,151
Loans secured by U. S. Government and other
3,182,495
securities (exclusive of loans to banks)
Real estate loans, mortgages, deeds of trust,
and other liens on real estate:
On farm land _ _ __
299,794
On other real estate
1,317,487
All other loans, including reporting banks'
own acceptances purchased or discounted... 4,927,694
Total
Loans secured by U. S. Government obligations
Total loans eligible for rediscount with Federal
Reserve banks
Percent
June 30, 1933
Amounti
Percent
Amount 1
Percent
1.21
$152,763
1.88
$86,945
1.13
.14
.81
18,174
59,840
13,444
136,360
.18
1.77
1.91
1.32
113,379
90,493
.22
.74
1.40
1.11
37,826
66, 231
.49
.86
30.95
2,759,876
34.00
2, 594,386
33.72
2.92
12.81
262, 255
1,064,521
3.23
13.12
232, 736
1,098,014
3.02
14.27
47.93
3, 595, 671
44.30
3,428,807
44.56
10, 281,676 100.00
8,116,972
100.00
7, 694,749
100.00
92,811
95,546
130,950
1,649,781
1,291,290
1,335,308
i Amount reported by licensed banks; i. e., those operating on an unrestricted basis.
June 30, 1934
Loans and discounts of licensed national banks, June 30, 1934
[In thousands of dollars]
Notes,
bills,
acceptances,
Accept- and
ances of other
other
banks instruments
payeviable in dencing
United loans,
States payable
in foreign
countries
Location
on securities, excluLoans to banks Loans
sive of loans to banks
Commercial
paper
bought
in open
market On securities
All
other
To bro- To brokers
kers
and
and
dealers dealers
in New elseYork where
City
To
others
Real-estate loans,
mortgages, deeds
of trust, and
other liens on
real estate
On
farm
land
Memoranda
Reporting
banks'
own accept- All other
ances
loans
purchased
On other or disreal estate counted
tet
o
Total
Loans
secured
by •
United
States
Government
obligations
Total
loans eligible for
rediscount
with Federal Reserve
banks,
including
paper under rediscount
o
o
g
8
CENTRAL RESERVE CITIES
New YorkChicago
53, 293
11, 698
5,671
1,239
Total central reserve cities._ 64,991
6,910
3,563 8,265
7,812 11,555
11,375 19,820
21,010 219,534
884 18,570
16,675
37,447
410,146
163,848
205
1,346
9,057
17, 555
45,603
20, 774
362,686 1,155,708
193, 272
486,000
66,947
12,997
180,786
86,511
21,894 238,104
54,122
573,994
1,551
26,612
66,377
555,958 1,641, 708
79,944
267,297
71 20, 342 38, 521
145
500
80, 659
1,963
281
-66,013
50,078
9,120
15,177
7,445
1,246
19, 736
5,476
3,408
5,648
9,102
36, 248
899
37
15,350
1,660
338
2,455
395
854
1,564
1,106
2,089
1,413
5,219
5,250
254
2,558
17, 777
199, 561
3,967
452
119, 533
32, 697
11,101
21, 623
10, 381
3,081
17,125
23,033
5,964
15, 702
33, 650
32,162
4,648
13, 606
528
34
6
773
177
79
407
46
31
110
221
44
9
218
521
47
46
66,160
1,428
268
54,633
16,097
3,493
5,103
2,277
1,276
7,624
12, 405
2,398
2,397
9,812
11, 535
1,780
8,367
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
Richmond
Charlotte
Atlanta
Savannah
Jacksonville
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
1, 532
i
I
!
j
[
I
I
J
__.
935
3
50
14,460
3,149
5,810
955
2,668
94
25
250
32
100
50
25
68
285
"374"
1,775
174
13
605
350
315
245
200
43
107
5
6
51
1,000
150
5,068
375
340
82
484
172
647
358
107
419
516
620
250
50
4,965
2,000
600
2,400
20 I 4,850
718
35
134
181
265
32
243
333 I
3,450
1,600
1,900
21,004
671
8,130
384
1
13
44
107
38
540
24
266
1,080
1,632
60
1,597
~~3~058~
2,140
124
413, 255
7,479
770
227,258
87,860
21, 799
42, 750
23, 718
5,510
42, 727
34,634
13,996
23, 777
53,477
61, 696
6,193
26, 729
w
O
d
Q
i
Loans and discounts of licensed national banks, June 30, 1934—Continued
[In thousands of dollars]
Location
Notes,
bills,
acceptances,
Accept- and
ances of other
other
banks instruments
payeviable in dencing
United loans,
States payable
in foreign
countries
on securities, excluLoans to banks Loans
sive of loans to banks
Commercial
paper
bought
in open
market
On securities
All
other
To bro- To brokers
kers
and
and
dealers dealers
in New elseYork where
City
To
others
Real-estate loans,
mortgages, deeds
of trust, and
other liens on
real estate
On
farm
land
Memoranda
Reporting
banks'
own accept- All other
ances
loans
puror
disOn other chased
real estate counted
Total
Loans
secured
by
United
States
Government
obligations
Total
loans eligible for
rediscount
with Federal Reserve
banks,
including
paper under rediscount
161
739
61
102
21
544
192
42
373
161
617
2
434
114
56
426
27
287
625
445
26
138
17
2,816
8,171
3,333
1,244
945
5,752
6,351
4,410
3,678
8,140
4,415
20
3,588
1,750
3,499
6,144
559
10,487
33,563
28,263
1,400
2,151
85
W
o
o
g
OTHER RESERVE CITIES—Con.
Gal vest on
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..
DesMoines...
Dubuque
1,055
34
108
244
235
1,535
100
44
387
2,513
700
225
610
40
2,163
1,013
748
2,849
3,630
1,530
646
544
3,551
495
32
12
5
34
150
88
583
5
2,762
10
614
30
35
121
32
252
4,525
300
139
588
190
63
3
308
925
1,050
100
900
1,798
100
152
2,418
600
52
266
125
271
15
298
200
19,500
800
434
62
28
99
224
224
859
1,678
1,260
749
429
72
33
1,582
982
1,757
89
200
349
2,012
14,924
2,835
847
948
5,596
6,668
11,992
18,079
25,445
11,529
55
5,602
2,380
3,610
17,864
1,023
26,395
20,696
8,379
2,206
3,359
35
52
204
1,518
256
78
725
149
103
787
1
5
596
158
10
276
80
576
4,050
1,488
850
100
238
1,257
1,121
1,246
14,236
8,617
3
1,423
2,034
703
13, 273
911
2,958
3,133
1,747
352
1,327
208
100
100
2
1,260
12
1,242
1,155
790
5,936
18, 743
7,761
3,182
1,526
8,544
15,467
16,622
11,076
19, 618
10,416
40
11,712
2,176
4,537
11,155
959
34,624
57,187
36,406
2,262
4,409
601
9,006
45, 788
14,115
5,212
3,172
18,479
27,164
31,841
33, 049
67, 063
31, 771
98
21,044
9,828
12,750
67,056
2,946
68, 623
88,288
48,419
8,596
10,634
924
W
o
Sioux City
Kansas City, M o . . .
St. Joseph
St. Louis
Lincoln
Omaha..
Kansas City, K a n s .
Topeka
Wichita
Helena
__
Denver
Pueblo
Oklahoma City
Tulsa
SeattleSpokane—
Portland
Los Angeles
San Francisco
Ogden
Salt Lake City
15
5,917
66
1,384
2,870
3,830
1,520
1,000
1,755
170
540
878
115
705
32
700
1,047
680
10
145
87
60
17
511
854
800
800
10,400
368
76
279
2,401
3,879
140
985
10,507
1,481
22,789
2,041
5,190
652
1,389
1,495
165
8,528
893
4,992
5,779
11,150
606
7,050
51,346
127,987
707
2,419
93,445
72,403
765, 787
92,413
40, 549 331, 549 126,525 1,339, 781
93,964
587, 720
436
627
1,132
654
200
494
5,227
3,553
4,208
34,322
4,166
19, 722
11
147
16
43
86
2,479
1
67
8,389
8
117
467
1,485
58
~~28"
Total other Reserve cities... 19,497
4,323
67,803
14,632
18, 655
11,233
79,178
34,452
1,712
716
34
13,318
4,529
4,863
58
123
26
66
25,172
273
4,466
1,235
3,176
121
381
878
6
Total all Reserve cities
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
84,488
_
_
106
1,756
Total New England States
New York
New Jersey
PennsylvaniaDelaware
Maryland
Total Eastern States
135
2,400
1,375
280
225
331
1,112
296
100
4
89
155
58
6,415
44
590
234
100
1,250
40
2,100
450
1,400
118
~996"
693
221
634
1,000
381
300
211
117
744
434
101
155
26
744
37
424
603
168
5
386
15,463
60,749
210
248
151
1,752
104
4,143
16
375
489 i
132 !
368
5
1,404
3
1,790
983
1,504
416
2,979
146,019
256,062
1,530
1,343
90
28
275
12
1,011
6,700
192
561,108
5,683
38,751
9,354
61,824
7,396
26,288
3,958
4,583
11,741
708
25,249
1,989
20,249
28,921
40,480
3,305
30,305
323,834
630,179
5,718
7,549
346
1,580
133
434
10
358
49
159
157
2
427
231
65
106
240
4
118
1,487
637
5
21
3,023
12,427
5,517
8,543
1,469
8,635
775
1,481
7,634
300
7,183
838
3,959
2,037
11,718
688
8,962
15, 270
35,184
1,449
2,001
1,260,702 3,007,558
2,672
20,921
3,566
30,076
3,748
16,017
1,359
2,255
2,580
397
13,112
760
12,256
9,988
24,889
1,433
18,365
103,279
153,897
2,991
2,896
32,476
486,910
1,816,660 4,649,266 I 112,420
754, 207
38,976
29,031
21, 799
166,474
41,860
114,731
317
175
209
1,165
261
476
6,147
5,182
4,310
26,638
10,489
11,680
200
296
124
999
1,600
1,250
752
529
40
1,092
464
335
125
4,469
3,212
137, 531
3,543
71,198
526
164,958
412,871
2,603
64,446
13,244
9,407
1,029
599
732
739
11
20
105,586
70,849
160,356
2,192
7,267
7,951
2,566
13,168
1,000
2,660
70, 781
65,016
115,096
1,200
6,542
952
113
2,246
316
11,858
14
139
157,124
117, 762
238,857
4,110
20,334
363,149
268,266
545,511
8,533
37,075
1,075
714
1,962
6
93
58,931
31,661
64,118
1,133
6,387
8,990
14, 573
23,680
2,101
346,250
27,345
258,635
3,850
162, 230
20
12,135
9,717
4,564
52,747
16,078
42,290
41
485
291
18,456
13, 573
11,696
63,043
12, 554
45,636
1,243 | 538,187 1, 222, 534
Loans and discounts of licensed national banks, June 30, 1934—Continued
In thousands of dollars]
Location
Notes,
bills,
acceptances,
Accept- and
ances of other
other
banks instrupay- ments
eviable m dencing
United loans,
States payable
in foreign
countries
Loans on securities, excluLoans to banks sive of loans to banks
Commercial
paper
bought
in open
market On securities
To brokers
and
All
dealers
other in New
York
City
To brokers
and
To
dealers others
elsewhere
Real-estate loans,
mortgages, deeds
of trust, and
other liens on
real estate
On
farm
land
s
Memoranda
Reporting
banks'
own accept- All other
loans
ances
purchased
On other or disreal estate counted
Total
S
Total
eliLoans loans
gible
for
secured rediscount
by
with
FedUnited eral ReStates
serve
Govern- banks,
ment including
obliga- paper untions der rediscount
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 .
1
99
1,740
382
391
23
35
204
2,194
419
910
300
10
647
1,856
329
212
35
17
260
627
222
335
741
435
174
36
310
47
1,292
220
190
1,090
693
328
142
273
6,656
418
5, 230
463 !
1,953
2,716
1,401
1,550
37
95
76
895
25
262 !
1,591
966
911
126
1,828
1,183
430
1,631
763
2,213
2,952
1,929
9,757
1,874
4,534
1,986
17,239
11,227
2,086
723
1,922
2,063
3,738
3,564
3,032
8,212
2,443
6,850
4,042
"77"
279
69
16, 790
4,031
1,550
4,359
4,598
7,663
3,665
4,960
12,500
2,940
10,546
7,354
1, 201
1,113
107,802
37, 648
67,141
616
1
602
516
200
309
55
232
25
39
38,056
12, 256
18, 641
16, 499
18, 605
12,073
4,879
8,119
1,666
3,187
27,411
11,858
8,234
10,079
8,256
235
316
206
2
104
26
312
52
100
204
87
20
81
159
5
57
26,846
259
"215"
67,288
29,852
15,162
7,670
12,309
7,503
28, 210
119,472
61,218
23,043
11,001
20,936
18,469
44, 597
18,749
23,569
8,354
12,159
89,421
13, 290
30,311
27,330
121,987
21,410
53,006
41, 812
348, 859
579, 269
65,479
23, 796
46, 520
144,443
56,484
86,166
49,110
60, 376
597
434
181
87
234
343
256
75
64
758
259
256
196
27,633
9,483
6,464
4,152
5,806
4,648
9,373
3,257
4,369
46, 230
5,294
9,401
8,364
3,740
144, 474
'
17,118
28.383
I
i
!
I
J
1,903
855
775
207
381
i
-1—
21,935
10,110
21,374
6,656
13,089
o
o
o
F
F
feJ
d
a
Minnesota
Iowa
Missouri
Total MiddleWestern 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)
The Territory of Hawaii (nonmember bank)
Total (nonmember banks)Total country banks
Total United States
23
6
45
1,698
999
739
141
18
236
264
287
46
16
3
214
24
41
13,172
2,253
3,376
5,305
3,441
2,098
6,256
2,432
2,584
19
23
31, 077
17,386
13,909
58,164
26,856
23,037
1,611
132
256
18,794
10,309
6,234
11, 519
1,287
4,643
1,732
939
122,858
40, 768
77,110
83
243,668
504,636
6,120
108,501
306
7
1,863
1,236
2,056
3,835
987
609
1,906
687
2,413
1,387
935
823
1,859
512
638
1,193
539
1,887
5
13
10, 533
9,818
19,843
29, 564
8,918
9,582
12,400
5,524
25, 560
15,910
14,606
24,435
39,157
12,648
12, 344
18,724
7,336
34,358
158
104
68
426
540
27
99
25
518
5,294
5,113
12,199
17,003
4,804
4,937
7,267
3,182
15, 758
18
131, 742
179, 518
1,965
75, 557
18, 765
9, 234
38, 204
3,800
1,811
1,225
2,400
28,022
13,006
73, 057
5,566
2,932
2 560
4,361
46
44
97
27
2
21
14
6,410
3,496
11,718
1,945
641
348
1,305
75,439
129, 504
251
25,863
844
1,226
1
30
737
762
770
548
339
30
99
69
248
1
46
3,602
2
43
5
21
174
211
15
15
4
1
5
367
6
25
117
32
1,324
1,680
727
2,987
1,869
1,476
3,108
482
3,720
10
812
193
357
17,373
15, 592
9,773
11
16
140
1
13
184
199
18
3,580
684
9,828
605
191
542
990
2,035
1, 522
8,327
689
683
183
358
3,095
1,313
15, 927
272
231
610
495
414
16,420
13,797
21, 943
1
3
522
53
373
182
i
12
16
83
35
1,213
218
1
337
15
30
30
2,457
2,211
57,182
3,374
86 945
13 444
136,360
37, 826
59
59
81
168
8,702
79
4,157
2,738
15,925
81
168
8,717
79
4,494
3,582
17,151
1
30
8,304
756, 951
138, 772
510, 294
2,545 1, 506, 435 3, 045, 483
18, 530
581,101
66, 231 362, 825 134, 829 2,096, 732
232, 736
1, 098, 014
105, 712 3,323, 095 7, 694, 749
130,950
1,335,308
25, 682
31, 276
W
Q
O
O
W
o
d
3
o
76
REPORT OF THE COMPTROLLER OF THE CURRENCY
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 on June 30, 1934, together with similar
information in relation to banks in other reserve cities, etc., is shown
in the following statements, compared with like information as of
June 30, 1932 and 1933:
lln thousands of dollars]
Loans
June 30, 1932
Banks in—
Amount
Percent
June 30, 1933
Amount»
June 30, 1934
Percent
Amount l
Percent
1,565,857
15.23
1,342,716
16.54
1,155,708
15.02
} 1,828,316
3,970,907
17.78
38.62
1,937,753
3,018,934
23.88
37.19
1,641,708
3,007,558
21.34
39.08
5,799, 223
All reserve cities
_
States (exclusive of reserve cities). _. 4,482,453
10, 281,676
Total United States
56.40
43.60
4,956,687
3,160,285
61.07
38.93
4,649, 266
3,045,483
60.42
39.58
100.00
8,116,972
100.00
7,694,749
100.00
New York
Do
Chicago. _ . _
Other reserve cities
1
.
.-
Amount reported by licensed banks, i. e., those operating on an unrestricted basis.
COMPARATIVE CHANGES IN DEMAND AND TIME DEPOSITS, LOANS
AND DISCOUNTS, UNITED STATES GOVERNMENT AND OTHER
BONDS AND SECURITIES OWNED, AND THE AMOUNT OF RESERVE
OF NATIONAL BANKS WITH FEDERAL RESERVE BANKS SINCE
JUNE 30, 1930
The amount and percentage of increase or reduction of demand and
time deposits, loans and discounts, United States Government and
other bonds and securities owned, and reserve of national banks with
Federal Reserve banks on June 30, of each of the last 5 years are shown
in the following statement:
[In thousands of dollars]
June 30,
1930
(7,252
banks)
Percent
increase
Percent
increase
Percent
increase
Percent
increase
June 30, (+) June 30, (+) June 30, (+) June 30, (+)
1931
or de1932
or de1933
or de1934
or de(6,805 crease
(6,150 crease
(4,902 crease
(5,422 crease
banks)
(-)
banks)
(-)
banks J ) ( - )
banks J) ( - )
since
since
since
since
June
June
June
June
30,
30,
30,
30,
1930
1931
1932
1933
10,926,201 10,105,885 - 7 . 5 1 7,940,653 -21.43 7,894,127 - 0 . 5 9 9,280,929 +17.57
Demand deposits
8, 752,571 8,579,590 -1.98 7,265,640 —15.31 6,216,917 —14 43 6,891,128 +10.84
Time deposits
Loans and discounts... 14,887,752 13,177,485 -11.49 10,281,676 -21.98 8,116,972 -21.05 7,694, 749 - 5 . 2 0
u . o- vjovcrnizioiit HUU
other bonds, stocks,
etc., owned
Reserve with Federal
Reserve banks
1
6,888,171 7,674,837 +11.42 7,196,652 - 6 . 2 3 7,371,631 +2.43 9,348,553 +26.82
1,421,676 1,418,096
- . 2 5 1,150, 575 -18.86 1,412,127 +22.73 2,497,400 +76.85
Licensed banks; i. e., those operating on an unrestricted basis.
UNITED STATES GOVERNMENT SECURITIES AND SECURITIES GUARANTEED BY UNITED STATES AS TO INTEREST
AND/OR PRINCIPAL, REPORTED BY LICENSED NATIONAL BANKS IN RESERVE CITIES AND STATES
The following statement shows a classification of United States Government securities and securities guaranteed
by the United States as to interest and/or principal, reported by licensed national banks according to reserve cities
and States, June 30, 1934:
U. S. Government securities and securities guaranteed by United States as to interest and/or principal, reported by licensed national banks,
June 30, 1934
[In thousands of dollars]
Obligations guaranteed by the U. S. Government as to interest and/or principal
Direct obligations of the U. S. Government
O
Location
Bonds
(including
bonds
deposited
to secure
circulation)
Treasury
notes
Certificates of
indebtedness
Treasury
bills
Total
CENTRAL RESERVE CITIES
New York.
Chicago
Total central reserve cities
o
Obligations of—
Reconstruction
Finance
Corporation
Federal
Farm
Mortgage
Corporation
Home
Owners'
Loan
Corporation i
Grand
total
Total
433,270
197,877
318,118
114,546
73,139
35,149
154,252
63,980
978, 779
411,552
95,315
75,750
2,623
12
6,218
428
104,156
76,190
631,147
432, 664
108, 288
218, 232
1, 390,331
171,065
2,635
6,646
180,346
1,082,935
487,742
1, 570,677
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
--Philadelphia
Pittsburgh—
Baltimore
Washington
Richmond
Charlotte
Atlanta
Savannah
1 Includes Home Owners' Loan Corporation 4-percent
8,141
176, 052
66,473
84, 673
16, 765
1,114
5,442
204
5,238
194
1,221
67
40
1,114
4
295
154, 414
23
24, 646
6,934
122, 539
3,833
1,000
252, 753
126,182
19, 571
106,000
3
510
98.603
17,985
12,021
68,087
50
20
2,070
51, 259
41, 441
7,748
290
16, 522
9,373
7,149
13
3,598
3,038
560
3
3,003
1,000
32, 375
19, 268
9,104
2,304
950
11, 792
6,525
4,317
75
bonds, guaranteed by the United States as to interest only, the amount of which was not called for
1,114
194
4
3,856
3
50
310
13
3
2,310
86
separately.
177,166
5,636
1,225
158,270
252, 756
98,653
51, 569
16,535
3,601
34,685
11,878
d
Q
U. S. Government securities and securities guaranteed
y United States as to interest and/or principal, reported by licensed national banks,
June SO, 1984—Continued
oo
[In thousands of dollars]
Obligations guaranteed by the U. S. Government as to interest and/or principal
Direct obligations of the U. £. Government
Obligations of—
Bonds
Location
(including
bonds
deposited
to secure
circulation)
Treasurynotes
Certificates of
indebtedness
Treasury
bills
Total
Reconstruction
Finance
Corporation
Federal
Farm
Mortgage
Corporation
Home
Owners'
Loan
Corporation
Grand
total
Total
w
Q
O
OTHER RESERVE CITIES—continued
Jacksonville,
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
_- _.
TTnnst.on
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
.
-._
_
- .
>.
-
-
____
14,391
7,903
22,725
29,825
2,873
7,796
4,213
37,377
14,661
3, 588
1,721
21,478
12, 259
5,149
11,985
50, 585
20,133
1 724
21,893
8,228
9,197
56, 767
3,845
34 983
42, 342
32, 238
1,858
8,005
1,736
14,039
2,481
15,890
12,090
2,716
2,657
1,973
24, 720
6,037
1,383
500
4,753
9,016
2,975
9,422
18,157
10, 519
101
8,533
1,836
1,832
61,687
686
35,827
27, 587
5,641
1,625
10, 578
1,145
210
598
6,600
1 022
2,705
2,686
10
2,050
396
5,985
6,371
1,040
20
1,207
5,626
1,401
1,181
869
695
14,100
50
500
3,857
4,825
1,160
1,351
371
100
178
150
1,915
998
29, 238
10, 384
45, 215
45, 642
5,589
13,139
6,186
68,092
22, 748
5,467
2,221
32, 622
22,315
8,124
22, 614
74, 368
32, 231
1,825
31,607
10,933
11,874
134,469
4,581
71, 310
73, 786
42, 704
4,643
20,932
3,252
25
237
299
340
1,770
5,673
238
365
1,770
5,910
537
6
859
196
15
533
2,126
65
142
650
5,308
1,616
3
6
861
229
15
572
2,126
108
143
1,186
5,308
3,260
9,085
494
27
1
546
383
1,360
3,710
175
899
154
9,187
497
30
1
546
701
1,512
3,710
182
930
155
3
2
33
39
43
1
536
1,644
102
3
3
318
152
7
31
1
29,603
12,154
51,125
46,179
5,589
13,142
6,192
68,953
22,977
5,482
2,793
34,748
22,423
8 267
23,800
79,676
35,491
1,825
40,794
11,430
11,904
134,470
5,127
72,011
75,298
46,414
4,825
21,862
3,407
w
a
o
Sioux City
Kansas City, Mo...
St. Joseph
__.
St. Louis
Lincoln
Omaha.
Kansas City, Kans_.
Topeka
Wichita
Helena
Denver
Pueblo
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
San Francisco
Ogden
Salt Lake City
3,518
10,514
1,910
24,885
7,080
15,401
2,246
4,366
2,445
1,762
27,453
4,038
11,786
9,904
30, 726
2,085
47, 034
122,081
286, 724
400
11,066
2,686
21,831
3,525
47, 021
5,180
15,429
371
2,337
3,425
381
22, 543
450
1,048
7,794
24, 376
367
12, 347
22,205
73, 321
2,331
28
Total other reserve cities.
1,567,998 |
848,037 I
Total all reserve cities
2,199,145
17, 544
13, 216
7,652
61, 238
12,495
32,985
Maine
New Hampshire..
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States..
Total Eastern States.
262
1,653
19
709
6,574
42,089
5,677
88, 247
14,629
32, 781
2,617
7,065
11, 516
2,162
51, 551
4,488
12,849
18,228
55,932
3,115
59,381
169,070
363, 574
2,731
11,170
211
526
129
5,843
27
464
140
34
77
105
526
8
171
364
1,039
13
4,029
2,800
14,905
333
241
6,785
42, 615
5,806
94,090
14,656
33,245
2,757
7,099
11,593
2,267
52,077
4,496
13,020
18,592
56,971
3,128
63,410
171,870
378,479
3,064
11, 411
46
44
16
250
5
17
20
8
13
1
17
165
482
113
1,007
22
447
120
26
64
104
509
41
14
6
34
95
6,705
61
102
130
364
1,025
7
3,995
2,705
8,200
272
139
4,609
11,011
64,158
79, 778
2, 707, 366
175, 674
13,646
70,804
260,124
4,278,043
69
16
147
1,219
55
253
1,497
544
777
3,843
661
773
1,566
560
924
5,062
716
1,026
25,675
14,985
10,081
92, 226
21,907
49,826
204, 846
1,759
8,095
9,854
214,700
34
534
174,388
124,559 j
235,182
2,780
14,488
1,713 j
639 J
913 !
29
187
7,001
12, 342
7,211
43
959
8,714
12,981
8,124
72
1,146
183,102
137,540
243, 306
2,852
15,634
623
551,397
3,481
27, 556
31,037
582,434
5,240
~6,~693'
100
3,993
846
15
281
530
513
249
300
150
881
3,529
23,903
76
143, 599
67, 954
2, 627, 588
1,280,701
251,887
286,186
4,017,919
3,004
1,143
1,429
24, 577
7,571
13, 695
264
66
76
1,299
627
1,120
3,297
24,109
14,425
9,157
87,164
145,130
51,419 !
3,452
4,845
127,363
100,320
197, 277
2,420
11,914
40, 364
16, 522
33, 740
360
6,661
7,683
3,631
439, 294
93, 474
18, 006
COUNTRY BANKS
New York
New Jersey
Pennsylvania.
Delaware
Maryland
271
4,504
242
9,648
2,369
1,851
50
498
1,000
31
21,191
4,586
CO
U. S. Government securities and securities guaranteed by United States as to interest and/or principal, reported by licensed national banks,
June SO, 1984—Continued
[In thousands of dollars]
Obligations guaranteed by the U. S. Government as to interest and/or principal
Direct obligations of the U. S. Government
Bonds
(including
bonds
deposited
to secure
circulation)
Location
Obligations of—
Treasury
Certificates of
indebtodness
Treasury
bills
Total
Reconstruction
Finance
Corporation
Federal
Farm
Mortgage
Corporation
Home
Owners'
Loan
Corporation
Grand
total
Total
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
_
_
_
_
Total Middle Western States
34,270
23,244
6.678
6,022
8,352
25,548
14,556
6,489
6,983
51,085
11,815
17,853
23,767
12,158
3,361
1,169
3,100
1,474
13, 549
5,449
1,395
449
9,382
1,618
2,745
4,694
236, 662
60, 543
3,899
11,880
8,345
22,167
25
30,976
54,047
26,148
24,946
32,806
12, 791
11,844
253,143
631
289
49
146
610
1,672
707
95
204
2,396
215
111
138
187
75
2,470
550
466
100
51
7,896
9,268
10, 436
43, 239
20,712
7,979
8,186
63,329
13, 748
20,760
28,599
335
187
188
204
225
93
204
189
104
1,014
130
588
132
2,195
1,262
266
394
354
3,309
906
488
126
1,030
668
1,443
2,381
2,530
1,449
454
598
579
3,402
1,110
677
230
2,044
798
2,031
2,513
49, 776
28,418
8,350
9,866
11,015
46, 641
21,822
8,656
8,416
65, 373
14, 546
22, 791
31,112
308,367
3,593
14,822
18, 415
326,782
510
588
1,487
324
1,581
801
552
201
3,217
3,723
2,810
1,637
4,456
2,372
834
708
3,727
4,311
4,345
1,961
6,037
3,173
1,634
909
75,911
44,231
85, 514
40,065
47,035
50,946
20, 262
17,897
6,044
19, 757
26,097
381,861
47,246
13, 265
13,581
3,987
3,884
4,305
1,338
2,707
1,386
572
1,077
1,278
183
72,184
39,920
81,169
38,104
40,998
47,773
18,628 i
16,988 !
86,947
12,678
2,996
355,764 I
650
780
48
248
296
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)
The Territory of Hawaii (nonmember bank)
Total (nonmember banks)
..._
Total country banks
Total United States
_
_.
7,250
5,084
12,566
16, 743
10,133
4,949
10, 696
4,242
17, 716
4,979
2,831
6,271
3 769
3,135
1, 588
1 920
558
3,352
308
517
574
943
546
230
247
73
408
3
69
181
241
50
12,540
8,501
19, 592
21,696
13,814
6,770
12,878
4,873
21, 526
421
299
729
1,220
98
34
293
45
395
910
588
1,024
440
502
467
341
293
641
1,331
887
1,753
1,660
600
501
634
338
1,036
13,871
9,388
21,345
23, 356
14,414
7,271
13, 512
5,211
22,562
89, 379
28,403
3,846
562
14, 710
7,873
20, 768
3,178
896
2,565
7,280
4,597
1,357
5,629
4,116
84
2,453
208
232
95
661
152
122,190
3,534
5,206
8,740
130,930
100
19, 639
9,325
27, 058
7,446
980
5,103
7,488
192
381
952
66
5
18
235
164
910
47
62
166
153
427
545
1,862
113
67
184
153
20,066
9,870
28,920
7,559
1,047
5,287
7,641
57, 270
18, 444
1,225
77, 039
1,614
1,737
3,351
80,390
1,232
6,792
112
33
50
293
293
1,394
7,118
3
15
85
100
1,394
6,825
8,024
145
50
293
293
8,512
1, 228,902
339,375
46, 520
13,025
1, 627,822
296
20, 025
77,466
97, 787
1, 725,609
3,428,047
1,620,076
298,407
299, 211
5, 645, 741
175, 970
33, 671
148, 270
357,911
6,003, 652
8,219
3
w
tel
o
o
g
oo
82
REPORT OF THE COMPTROLLER OF THE CURRENCY
INVESTMENTS OF NATIONAL BANKS
The tables following disclose a summary of the investments of
national banks in United States Government and other bonds and
securities as of June 30, 1932, 1933 and 1934, and a detailed classification by reserve cities and States of bonds and securities other than
United States Government held on June 30, 1934.
lln thousands of dollars)
June 30,
1932
Number of banks—
6,150
J u n e 30,
1933
i 4,902
Obligations of—
Reconstruction Finance Corporation.
Federal Farm Mortgage Corporation.
Home Owners' Loan Corporation
Toiat securities, other than direct obligations, guaranteed by
U. S. Government as to interest and/or principal
Obligations of Federal land and intermediate credit banks
Stock of Federal Reserve bank
Obligations of States,
counties, districts, political subdivisions, and
municipalities 2
Obligations of territorial and insular possessions of the United States.
Obligations of joint stock land banks
Bonds, notes, and debentures (not including stock) of other domestic corporations:
Railroads
Public utilities
Real estate corporations
Other domestic corporations
Stock of other domestic corporations:
Real estate corporations
Banks and banking corporations '.
Other domestic corporations
_
Foreign securities:
Obligations of foreign central governments
_
Obligations of foreign provincial, State, and municipal governments
Other foreign securities
Total miscellaneous bonds and securities not guaranteed by U. S.
Government..
Total miscellaneous bonds and securities
U. S. Government securities, direct obligations
Total bonds and securities of all classes
1
i
June 30,
1934
i 5,422
175,970
33,671
148,270
357,911
184,312
88,674
90,417
83,603
1,117,698
1,162,478
1,212,397
16,021
23, 620
652, 665
684,465
3 839,124
530, 634
533, 260
3 653,600
529,090
519, 584
38, 937
391,081
114, 669
110,436
32,314
25, 744
85, 226
168,155
149,389
95, 341
176, 793
116,655
48,796
53,764
3,843,986
3,843,986
3, 352, 666
3,340,055 i
3,340,055 I
4,031,576 I
S, 344,901
3, 702,812
5, 645,741
7,196,652
7,371,631
9,348,553
Licensed banks; i. e., those operating on an unrestricted basis.
Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more
States.
3 Includes claims and judgments.
United States Government, domestic, and foreign bonds, securities, etc., held by licensed national banks June 80, 1934
[In thousands of dollars]
Miscellaneous bonds, stocks, and securities, etc.
03
Bonds, notes, and debentures (not including
stock) of other domestic
corporations
^-3
•S '3 '3
Stock of other domestic corporations
Foreign securities
Location
8
o
So
III
o s ®
a&«
u l!
d o
2*3 .2.3 £ g! S*
a3 O
CENTRAL RESERVE CITIES
New York
Chicago
Total central reserve cities
1,082,935 35, 366 19, 406
706 5,158
| 487,742
11,570,677 36,072 24, 564
176, 633
59, 578
81, 834 38, 394 1,246 33,267
372!l6,542 34,
10, 751 15, 629 4,762 29,013 3,998
448 8,057
236,211
92, 585 54,023 6,008 62,280| 4,37016,
3,89111,262
1, 536!
97
467,708 1, 550, 643
149,653 637, 395
5, 427111, 359
617,361 2,188, 038
7,127
91
15
2,750
1,244
49
132
221
1,604 1, 943i
65
9
711
402!
423
40|
230|
92
1541
377
326
112
30
834
135
"333J
74, 225
6,786
1,399
105, 393
57, 585|
22,4501
11, 271
11, 285
1,161
11,219
4,063
11, 648
3,761
11,391
13, 782
142, 263 25,177
OTHER RESERVE CITIES
Boston..
Brooklyn and Bronx.
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington.. _
Richmond
Charlotte
Atlanta
Savannah
Jacksonville
Birmingham
New Orleans
Dallas.
177,
5,636
1,225
158, 270
252,7
98, 653
51, 569
16, 535
3,601
34, 685
11,878!
29, 603
12,154
51,125
46,179
9,3831 3,795
100J
144
22
3, 0621 3,270
299! 1,679
15, 777! 402
3,108! 462
240
78
2, 072|
380
261
498!
251
815|
375
406
325
2,804
590
641
13, 582
1,790
185
26, 973
4,336
4,367
1,557
5,184
1,018
3, 533
1,313
4,934
1,897
4,457
6,004
514
12, 666
1,682 1,858
516
473
265' 25,708 19, 074
1
16,777 10, 367
815
120
2,451
20! 1,
1,674
990
....I
I
343
"I
120
115
12
10
614
1,618
444
1,462
262
470
183
840
578
465
1
10
1,573
46
108
18
1,223 1,257
322
17
317
47
752
8,145
781
174
15, 470
19, 203
861
1,416
1,789
53
732
867
1,259
324
1,236
2,865
1 Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more States.
192
240 1,448 1,673
643 1,743
4
18
52
119
356
675
3
302
4
125
6
16
2
1
45
126
2
42
284
92 739
33
251, 391
12,422
2,624
263, 663
310, 341
121,103
62,840
27, 820
4,762
45, 904
15, 941
41,251
15, 915
62, 516
59, 961
OO
CO
United States Government, domestic, and foreign bonds, securities, etc., held by licensed national banks June 30, 1934—Continued
[In thousands of dollars]
Miscellaneous bonds, stocks, and securities, etc.
Bonds, notes, and deben- Stock of other dotures (not including
mestic corporastock) of other domestic
tions
corporations
1!
Location
HI
•SB
s
o
OTHER RESERVE CITIES—continued
El Paso.
Fort Worth
Galveston
Houston
San Antonio...
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo
Indianaplis
Chicago-----...
Peoria
Detroit
Grand Rapids _
Milwaukee
Minneapolis. _.
St. Paul..
Cedar Rapids..
Des Moines
5,589
13,142
6,192
68, 953
22, 977
5,482
2, 793
34, 748
22, 423
8,267
23, 800
79,676
35,491
1,825
40, 794
11,430
11,904
134,470
5,127
72,011
75,298
46,414
4,825
21,862
148
1,795
685
510
65
452
2,053
1,772
312
767
4,093
5,116
161
769
60
7
6,679
24
837
1,715
373
44
223
93
647
191
54
29
157
330
251
409
513
405
14
299
109
204
810
60
570
720
395
30
165
4,190
1,510
4,136
3,215
1,
528
62
11,274
5,267
3,838
3,343
7,f
92
1,277
3,664
2,133
3,790
648
2,088
7,682
3,524
3,012
4,251
57
93
117
33
"891
82
145
105
455
31
16
106
336
73
75
257
1,847
49
267
1,617
5,293
1,704
511
252
845
1,383
585
1
1,793
5,863
1,668
29
514
155
70
45 705
67
560
152
408 1,615 1,
7
46
99
15
146
138
188
158
15 1,753
2,406
290
88 357
209 305 2,512
3,883
4
1,923
1,593 726 4,364
1,024 526 2,131
268
85
16
648 " 2 5
3
813
486
29
614
1,109
859
747 131
57
31 249
1,368 167 1,624
1,606 288 2,236
46 1,213
486
45
360
572 294 1, 762J
1,291
7,172 20,314
3,614
9,806
11,092 80,045
4,064 27,041
2,279
7,761
1,160
3,953
8,570 43, 318
14, 420 36,843
11,171 19,438
13,552 37,352
24,882 104,558
20,308 55,799
1,131
2,956
4,407 45,201
6,242 17,672
6,088 17,992
13,886 148. 356
1,075
6,202
10,443 82,454
21, 613 96,911
11,604 58,018
3,801
8,626
8,449i 30,311
DubuQue
Sioux City
Kansas City, Mo
St. Joseph
g St. Louis
§ Lincoln
g Omaha... _.
cc Kansas City, Kans
1 Topeka
co Wichita
f Helena.
Denver..
Pueblo
•^ Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
..
San Francisco
Ogden
Salt Lake City
Total other reserve cities
Total all reserve cities
12
234
60
1,138
1,831
299
62
204
685
2,207
161
64
899
255
667
36
739
48
111
1,412
18
29
1,026
50
10
271
736
363
743
486
1 377
53
386
285
50
895 2,100
3,732 4,061
42
69
94
68
165
1,173
8,161
775
7,820
493
7,022
882
3,221
1,607
974
6,288
688
19,418
5,581
11,185
956
11,370
68,020
122,242
637
3,154
64
10
45
132
104
1,017
27
58
8
10
469
100
10
1,168 10, 622
23
7
24
2, 707,366 85,976 28,766
441,946
5,700 13,971 117,853 96,260 17,481! 110, 397 15, 637 6,364 25,354 28,136
12,067 13, 634 1, 019, 542 3, 726,908
4, 278,043 122,048 53,330
678,157
5, 711 13, 992 210,438 150, 283 23,489 172, 677 20,007 23,354 67,617 53,313
17,494 24,993 1, 636,903 5,914,946
25, 675
14,985
10,081
92,226
21,907
49,826
416
217
330
243
294
271
1,795 1,745
474
55
771 1,155
1,670
963
1,349
12, 293
840
8,415
46
79
50
416
38
6
5,477 12,978
2,966 5,816
3,648 4,562
306 15,478 33,334
1,492 5,479
37 8,887 10,061
214, 700
3,375 4,391
25,530
635
653 37, 948 72, 230 1,533 26, 291 1,134
316 2,178
183,102
137, 540
243,306
2,852
15, 634
2,435 3,831
3,506 2,831
6,625 6,879
132
78
1,166
348
80,506
37, 758
34,491
576
4,970
646
205
1,319
70
85
139 66,036 63, 065 1,140 28,446 3,769
493 45, 211 41,666 1,312 16, 341 2,854
334
946 93,230 100,841 2,518 63,403
2
6 1,450 2,044
135 1,096
363 3,293
190
20 5,021 5,495
582,434 13,810 14,021
158, 301
3 407
6,785
42,615
5,806
94,090
14,656
33,245
2,757
7,099
11,593
2,267
52,077
4,496
13,020
18,592
56 971
3,128
63,410
171,870
378,479
3,064
11,411
23
51
40
4
25
98
147
16
240
121
674
145
2,703
112
2,342
5
12
14
295
2,098
428
392
251
4,758
99
4,136
2,843
8,044
373
856
103
4
231
8
802
2
211
3,616 1,157
101
1,799
63
24
24
3
5
193
244
1,736
747
10
298
25
1
171
2,889
30
187
1
3,502
4,073 4,440
6,406 2,594
355
7
608
18
150
1,088
320
221
2,763
596
717
40
24
8
483
1,293
173
368
639
1
689
2,462
69
232
952
7,639
7,075 6,082
550
400
669
755
COUNTRY BANKS
MaineHampshire
New
Vermont .
Massachusetts
Rhode Island.- ..
ConnecticutTotal New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
Total Eastern States
3,710
4
10
68 2,210
6
9
3
39
1,006
1
15
536
550
100 1,252
33 1,453
125
275
153
347
26
118
103
11
38
97
1
113
58
190
44
65
32
20
90
10
6
_ .66
381
10
143
105
632
61
376
3,090
3,854
19
73
50
405
21
97
69
16
175
1
26
157
103
422 1,326
3,151
935
1,329 1,023
37
5
92
772
3,261
17, 539
1,936
23, 778
1,596
13,373
1,654
4,183
3,160
2,124
14,250
2,377
23, 262
9,018
24,061
1,922
22,194
99,334
179,584
2,538
7,893
4,179
10,046
60,154
7,742
117,868
16, 252
46, 618
4,411
11, 282
14,753
4,391
66,327
6,873
36,282
27, 610
81,032
5,050
85,604
271,204
558,063
5,602
19,304
4
146 1,392
281
124
173
623
6
69
130 1,375 2,000
215
5
127
47
288 1,219
885
905
181
295
311
378
1,581 2,574
176
258
1,201
532
29, 210
13,708
14,199
86, 603
11,142
36,359
54,885
28,693
24, 280
178,829
33,049
86,185
5,730
4,335 4,942
191, 221
405,921
259 1,333 6,411
227 1,099 3,815
670 6,218 10, 590
22
18
358
339
151
140
5,767 5,105
2,930 2,638
9,090 8,073
181
148
388
397
268,888
162,886
345, 227
6,316
22, 366
451,990
300,426
588,533
9,168
38,000
2,325 1,604 210,948 213, 111 5,468 112, 579 7,149 1,329 8,808 21, 513
18,332 16,385
52
258
259 4,763
27 1,971
35 2,603
740 11,996
328 1,397
144 3,561
1
840
258
35
805, 683 1,388,117
United States Government, domestic, and foreign bonds, securities, etc., held by licensed national banks June SO, 1934—Continued
00
OS
[In thousands of dollars]
Miscellaneous bonds, stocks, and securities, etc.
Bonds, notes, and debentures (not including
stock) of other domestic
corporations
II
Location
Ill
Stock of other domestic corporations
Foreign securities
2*5
3.2
i!
file
"8.2
3
COUNTRY BANKS—continued
Virginia.-West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama...
Mississippi
Louisiana._
Texas
Arkansas
Kentucky.
_
Tennessee-
-._
...
Total Southern States
Ohio
Indiana
IllinoisMichigan
Wisconsin
Minnesota
_
49,776
28,418
8,350
9,866
11,015
46,641
21,822
8,656
8,416
65, 373
14, 546
22, 791
31,112
2,072 1,186
1,172 606
156 255
537 164
451 291
1,496 382
542 591
592 202
85 224
3,338 1,715
2,162 293
449 542
225
326, 782| 13,277 6,849
-
75,911
44, 231
85,514
40,065
47,035
50,946
4,906 1,635
3,909 731
4,665 1,188
366 649
485 718
2,321 818
8,377
6,962
7,'"
4,222
2,838
6,802
11,607
9,200
5,386
28,355
5,480
4,r~
7,976
108,402
25,587
5,164
22, 262
11,342
9,203
25,233
187
236
64
39!
129
113
444
171
477
91
23
90 2,142
1,841
177
408
902
30
1,164
508 1,162
353
221
5
267
1,358 1,144
856
16
104 1,979
25
352
48
2,211
2,415
106
139
994
1,272
2,131
425
546
1,114
829
2,771
965
531
2,454
3,113
64
"36
78
30
710
367 1,329
927 1,521
135
785
5
466
325 2,443
78 1,013
717 2,434
13 1,320
319
727
5
135
1
3
42
3
l f 974| 2,405 12, 747 15, 651 4,129 17, 730 2,565
1,093
791
1,100
197
76
56
481
479
839
208
242
398
8,848 7,737
9,555 8,027
6,391 9,580
5,225 7,294
5,697 10,493
6,385 5,840
420
412
496
418
361
8,097
4,523
8,326
7,154
8,673
322
25
254
5
34
166
30
11
21
130
95
80
18
40
779
789
102
90
83
57
178
114
400
477
113
158
406
302
723
24
27
167
426
568
92
24
224
162
362
182
610 3,746
420
200
412
207
293
144
1,7
842
1,023
1,424
1,324
1,324
84
155
40
21, 616
19,507
8,103
5,736
6,638
14,835
20,650
12,718
7,678
41,049
11,718
13,984
11,790
71,392
47,925
16,453
15,602
17,653
61,476
42,472
21,374
16,094
106,422
26,264
36,775
42,902
1,076 1,578
196,022
522,804
199
155
167
207
22
34
93
222
43
5
78
72
64
1
54
102
471
86
111
1,126 1,037
334 107
851 713
841 615
770 570
1,180 724
63,498 139,409
35,131 79,362
58,021 143,535
34,876 74,941
37,481 84,516
53,470 104,416
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)
The Territory of Hawaii (nonmember
bank).
Total (nonmember banks)
Total country banks
Total United States.
323
268
6,553
6,018
381,861 19,319 6,330
111, 362
20,262
17,897
1,049
1,618
1,569
914
68
60
3,727 2,911 44, 226 52,002 2,694 45, 244
774
212
202
126
138
1,534
591
1,977
1,054
68
130
213
197
314
494
195
119
236
88
477
4,824
7,886
3,757
11,893
4,925
2,210
4,402
2,112
30,128
84
115
100
88
27
94
69
100
145
153
374
132
54
168
56
166
57
129
895
545
705
395
1,084
296
791
91
594
1,291
819
862
366
1,638
275
1,509
99
606
125
134
7
1
68
70
59
41
130,930 10, 615 2,333
72,137
822 1,289
5,396
7,465
13,871
9,388
21, 345
23, 356
14,414
7,271
13, 512
5,211
22,562
20,066
9,870
28,920
7,559
1,047
5,287
7,641
80, 390
515
908
2,161
1,317
944
629
1,158
1,755
1,228
338
161
698
86
28
26
83
9 688
6,989
30,972
2,891
381
2,030
2,191
194
10
65
24
1,828 1,420
740
277
288
98
5
191
229
1,394
7,118
40
8,512
40
4
3
1
156
19
22
61
1
9
26
1
1
7
464
9,221
287
11
1,490
531
4,549
295
78
146
86
69
37
758
5
15
126
2,034
336
2,574
357
62
182
60
55,142
434
455
5,605
7,175
919
6,178
121
3,245
393
14
297
83
1,699
290
1,377
241
3,366
393
311
1,782
1,667
241
50
274
177
6
104
140
126
20
14,014
11,675
34, 276
29,572
5,346 3,912
308,166
690,027
125
101
139
75
729
41
143
9
29
10,106
12,360
9,959
16,078
12, 787
4,114
10,745
4,552
35,171
23,977
21, 748
31, 304
39,434
27, 201
11, 385
24, 257
9,763
57, 733
212 2,464
1,765 1,391
115,872
246,802
133
151
65
36
140
25
333
5
17, 758
9,035
44,171
4,156
640
2,816
3,286
37,824
18,905
73, 091
11,715
1,687
8,103
10,927
114 2,048 8,157
1,300
1,051
1,065
671
1,705
266
1,539
155
1,469
187
84
48
88
2
11
35
27
345
1
16
12
47
10
20
37
20
49
289
146
315
387
791
47
267
13
209
291
64
390
133
484
19
307
11
66
-~l
4
351
147
207
99
13
38
6
10
2
20
10
517
861
395
525
81,862
162, 252
117
1,044
1
99
10
10
5
48
37
1
718
8,454
2,112
15, 572
1,161
100
20
53
38
9,172
17, 684
2,191
271
2,936
166
53
125
436
398
3
1
398
197
16
277
6
17
534,240
10, 310 9, 628 318, 652 369, 301 15, 448 218, 404! 12, 307 2, 39017, 609 42, 028
31, 302 28,771 1,707,998 3,433,607
6, 003, 652 184,312 88, 674 1,212,397
16,021 23,620 529,090 519,584 38,937 391, 081 32, 314 25, 744 85, 226 95, 341
48,796 53, 764 3, 344,901 9, 348, 553
1, 725, 609 62, 264 35, 344
M
a
o
g
S3
O
1-3
W
Q
W
to
o
l
88
REPORT OF THE COMPTROLLER
OP THE
CURRENCY
EARNINGS AND DIVIDENDS OF NATIONAL BANKS
The statement following shows a summary of the earnings and
dividends of licensed national banks for the fiscal years ended June
30, 1933 and 1934. Statements showing the capital, surplus, and
the earnings, expenses, etc., of these associations in reserve cities and
States and Federal Reserve districts for the 6-month periods ended
December 31, 1933, and June 30, 1934, and the year ended June 30,
1934, are published in the appendix of this report.
Earnings and dividends of licensed National banks for the fiscal years ended June
30, 1933 and 1934
[In thousands of dollars]
Year ended Year ended
June 30, 1933 June 30, 1934
(4,902 banks) (5,422 banks)
Capital, par value: 1
Class A preferred stock..
Class B preferred stock.
Common stock
_.
Total_
Surplus 1
Total capital and surplus J
Gross earnings:
Interest and discount on loans
Interest and dividends on bonds, stocks, and other securities
Interest on balances with other banks
Collection charges, commissions, fees, etc
Foreign department (except interest on foreign loans, investments, and
bank balances)
Trust department
Service charges on deposit accounts. _
Other earnings
Total _
Expenses:
Salaries and wages
Interest on deposits of other banks
_.
Interest on other demand deposits
Interest on other time deposits
Interest and discount on borrowed moneyTaxes
Other expenses
«..
Total expenses
Withdrawals
from reserves for expenses of previous periods accrued and
unpaid 2
Grand total.
Net earnings
•__.
Recoveries, profits on securities, etc.:
On loans
_
_
On bonds, stocks, and other securities..
All other
51,193
2,600
1,463,412
401,989
10,081
1,326,712
1,517, 205
1,738,792
854,057
2,457,803
2,592,849
473, 696
283,568
10, 657
14,099
388,064
291,901
1,551
17,936
12, 538
21,461
14,006
52, 337
14,111
23,616
16,317
53,030
882, 362
806, 526
204, 513
18, 521
46,715
189,087
17,181
41,020
120,714
202,214
1,943
10,321
166,103
4,151
43,606
128,705
637,751
557,043
28,259
666,010
557,043
216,352
249,483
17,129
51,515
9,915
26,304
93,580
15,467
-
78,559
135,351
Total net earnings, recoveries, etc_
294,911
384,834
Total
* Capital and surplus at end of period.
« Amounts set aside in previous periods as reserves for accrued expenses unpaid, and amounts set aside
in previous periods as reserves for depreciation on banking house, furniture and fixtures and other real
estate, but which were withdrawn from reserves and charged off in the 6-month period ended Dec. 31,1932.
For details of amounts see tables 66-A and 67-A in the annual report for 1933.
REPORT OF THE COMPTROLLER OF THE CURRENCY
89
Earnings and dividends of licensed national banks for the fiscal years ended June
30, 1933 and 1934—Continued
[In thousands of dollars]
Year e n d e d Y e a r e n d e d
J u n e 30, 1933 J u n e 30, 1934
(4,902 b a n k s ) (5,422 b a n k s )
Losses and depreciation:
On loans
_
On bonds, stocks, and other securities
On banking house, furniture and fixtures
Other losses and depreciation
.
Total....
Withdrawals
from reserve for depreciation of previous periods on real
estate 2
Grand total
Net addition to profits
231,420
236,557
15,916
22,803
379,294
241,789
29,833
37,464
506,696
688,380
6,599
513 295
218, 384
688,380
3 303, 546
<22
*« 99,124
3,430
« 72,418
_
99,146
75,848
Ratios:
Dividends on common stock to common capital *
percent..
Dividends on common stock to common capital and surplus i
do
Net addition to profits to common capital *
do
Net addition to profits to common capital and surplus 1
do
Net addition to profits to common and preferred capital*
do
Net addition to profits to common and preferred capital and surplus i
percent..
6.77
4.12
3 14.92
3 9.08
314.39
5.46
3.32
3 22.88
3 13.92
3 17.46
3 11. 71
3
Dividends:
On preferred stock
On common stock
Total
3 8.89
1
Capital and surplus at end of period.
2 Amounts set aside in previous periods as reserves for accrued expenses unpaid, and amounts set aside
in previous periods as reserves for depreciation on banking house, furniture and fixtures and other real
estate, but which were withdrawn from reserves and charged off in the 6-month period ended Dec. 1,1932.
For details of amounts see tables 66-A and 67-A in the annual report for 1933.
3 Deficit.
< Revised.
«Includes 1 stock dividend of $50,000.
8
Includes 7 stock dividends of $710,000.
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 owned and loans and discounts, years ended
June 30, 1918 to 1934, inclusive
[In thousands of dollars]
*
Year
ended
June
30—
1918.—
1919.—
1920
1921
1922
1923.
1924
1925
1926.
1927
1928
1929
1930
1931
1932
1933
1934
United
States
Government
securities
2,129,283
3,176,314
2, 269, 575
2,019,497
2, 285, 459
2, 693,846
2,481, 778
2, 536, 767
- 2,469, 268
2, 596,178
2,891,167
2,803, 860
2, 753, 941
3, 256, 268
3,352, 666
4, 031, 576
6,003,652
Other
bonds
and securities
Total
bonds
and securities
Loans and
discounts
(including
rediscounts)
1,840,487
1,875, 609
1,916,890
2,005,584
2, 277,866
2,375,857
2, 660,550
3,193, 677
3, 372, 985
3, 797,040
4, 256, 281
3, 852, 675
4,134, 230
4, 418, 569
3, 843,986
3, 340,055
3,344,901
3,969, 770
5,051,923
4,186, 465
4,025,081
4, 563, 325
5,069, 703
5,142, 328
5, 730, 444
5,842, 253
6,393, 218
7,147,448
6, 656, 535
6,888,171
7, 674,837
7,196, 652
7, 371, 631
9,348,553
10,135,842
11,010,206
13,611,416
12,004, 515
11, 248,214
11,817, 671
11, 978, 728
12, 674, 067
13, 417, 674
13, 955, 696
15,144, 995
14,801,130
14,887, 752
13,177, 485
10, 281, 676
8,116, 972
7,694,749
Losses
charged
off on
bonds
and securities
44,350
27,819
61, 790
76,179
33, 444
21,890
24, 642
25,301
23, 783
27, 579
29,191
43,458
61, 371
119, 294
201, 848
236, 557
241, 789
Losses
charged
off on
loans
and discounts
33,964
35,440
31, 284
76,210
135, 208
120,438
102,814
95, 552
93, 605
86, 512
92,106
86, 815
103,817
186,864
259, 478
231, 420
379,294
Percentage of losses
charged off—
On bonds On account
and
loans and
securities discounts
to total
to total
bonds and loans and
securities discounts
1.12
.55
1.48
1.89
.73
.43
.48
.44
.41
.43
.41
.65
.89
1.55
2.80
3.21
2.59
0.34
.32
.23
.63
1.20
1.02
.86
.75
.70
.62
.61
.59
.70
1.42
2.52
2.85
4.93
Number of national banks, capital, surplus,
act addition to profits, dividends, and ratios, years ended June SO, 1914 to 1984, inclusive
[In thousands of dollars]
Capital, par value
Number
of banks
Year ended June 30—
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
_..
.
-
.
7,453
7 560
7 571
7,589
7 691
7 762
8,019
8,147
8,246
8,238
8,085
8,070
7,978
7,796
7 691
7,536
7,252
6 805
6,150
4,902
5 422
Surplus
Preferred
stock
53,793
412,070
* Deficit
Common
stock
1,063,978
1,068,577
1,066, 209
1,081,670
1,098, 264
1,115, 507
1, 221,453
1, 273, 237
1, 307,199
1, 328, 791
1,334,011
1, 369, 385
1, 412,872
1, 474,173
1, 593,856
1, 627, 375
1, 743, 974
1, 687, 663
1, 568, 983
1,463,412
1,326 722
Ratios
Dividends
N e t addition to
profits
On preferred
stock
714,117
149, 270
726,620
127,095
731,820
157, 544
765,918
194,321
816,801
212,332 i
869,457
240,366 _
984,977
282, 083
1, 026, 270 216,106
]. 049. 228
183,670
L, 070, 600 203,488
[, 080, 578 195, 706
223, 935
,118,953
249,167
, 198,899
252,319
, 256, 945
, 419, 695 270,158
301,804
,479 052
246,261
] , 591, 339
52, 541
] ,493,876
, 259, 425 i 139, 780
940, 598 i 218, 384
854, 057 i 303,546
_.
2 22
3,430
Divion
On com- dends
common
mon
stock
to
stock
common
capital
120,947
113, 707
114,725
125,538
129, 778
135, 588
147,793
158,158
165,884
179,176
163, 683
165, 033
173, 753
180, 753
205, 358
222, 672
237,029
211, 301
169,155
2 99,124
72, 418
2
Percent
11.37
10.63
10.76
11.61
11.82
12.15
12.10
12.42
12.69
13.48
12.27
12.05
12.30
12.26
12.88
13.68
13.59
12.52
10.78
6.77
5.46
Revised.
Net addition to profits
Dividends on
common
To comstock to
To com- To com- mon and
common To com- mon cap- mon and preferred
capital mon capital and preferred capital
and surital
surplus
capital and surplus
plus
Percent
6.80
6.33
6.38
6.79
6.78
6.83
6.70
6.88
7.04
7.47
6.78
6.63
6.65
6.62
6.81
7.17
7.11
6.64
5.98
4.12
3.32
Percent
14.03
11.89
14.78
17.96
19.33
21.55
23.09
16.97
14.05
15.31
14.67
16.35
17.63
17.12
16.95
18.55
14.12
3.11
i 8.91
i 14. 92
122.88
Percent
8.39
7.08
8.76
10.52
11.09
12.11
12.78
9.40
7.79
8.48
8.11
9.00
9.54
9.24
8.96
9.72
7.38
1.65
1
4.94
19. 08
i 13. 92
s
1-3
W
o
o
g
8
o
F
F
o
d
i 14. 39
i 17.46
i 8.89
i 11.71
91
REPORT OF THE COMPTROLLER OF THE CURRENCY
NATIONAL BANKS CLASSIFIED ACCORDING TO CAPITAL STOCK
The recapitulation following concerns tables published in the appendix of this report in relation to the number of licensed national
banks in reserve cities and States on December 30, 1933, classified
according to capital stock, with the amount of loans and discounts,
including rediscounts, investments, total assets, capital stock, surplus, profits, and reserves for contingencies, circulation outstanding
and total deposits.
National banks classified according to capital stock Dec. 30, 1933
[In thousands of dollars]
Loans
and disNum- counts, Investber of includ- ments
banks
ing
rediscounts l
Capital of less than $50,000. . . .
Capital of $50,000 but less than
$200,000
Capital of $200,000 but 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 but less
than $25,000,000
Capital of $25,000,000 but less
than $50,000,000
Capital of $50,000,000 or more..
Total United States
Surplus,
profits, Circuand re- lation
Capital serves
outfor con- standtingening
cies
Total
assets
1,244 $150,335 $136,748 $391,996
$33,260
$25, 250 $21,981
Total
deposits
$307,172
2,8031,143,9961,L, 170,378 3,001,729 230, 520 212, 647 167,922 2,349,595
703 897,067
947,864 2,404,975
211
581, 223 1, 585, 372 121,030
604,680
16111, 390,
:, 672,2444,280,578
3011, 332, 738 1:, 532,099 3, 798,137
703, 745 464,089 1, 741, 565
41L, 881,477 1L, 366,127 4, 543,131
181,166
159,052 117,202 1,916,337
91,214
79,632 1,270,311
279, 224 233,536 167, 345 3, 566,699
246,550
276,181 123,839 3,087,218
99, 500 85, 287
397,000 230,749
12,025 1,504,856
88,620 3,587,694
5,159 8,104, 209 7,870, 772 21, 747,483 1, 588, 250 1,313,916! 778, 566 17,589,882
i Includes overdrafts.
FEDERAL RESERVE BANKS
Assets and liabilities of the 12 Federal Reserve banks combined, as of the last weekly
statement date in October, 1932-34
[Tn thousands of dollars]
Oct. 26, 1932 Oct. 25, 1933 Oct. 31, 1934
Total reserves
Bills discounted...
Bills bought in open market-.
U. S. Government securitiesOther securities
Uncollected items
All other assets
Total..
3,276,603
322,322
33, 695
1,850,949
5,425
332,923
118,198
3,828, 800
114, 593
6, 523
2, 400,156
1, 559
385,196
138,061
5,211,920
10.985
6,082
2, 430,171
5,940.115
6,874, g
8, 228, 752
2, 688,871
2,960, 748
180, 363
2, 411,946
28, 078
29,969
326, 987
152, 303
259, 421
42, 540
2,693,121
27, 758
167,006
385, 779
145, 527
278, 599
35, 987
3,160, 777
28, 664
4,005,999
92, 293
163,510
438,939
146, 777
139, 228
52, 565
5,940,115
6, 874,888
8, 228, 752
439, 993
129, 601
LIABILITIES
Federal Reserve notes in circulation
Federal Reserve bank notes in circulation.
Deposits:
Member bank-reserve account--Government
Other
Deferred availability items
Capital paid in
Surplus
-—
All other liabilities
Total.
92
REPORT OF THE COMPTROLLER OF THE CURRENCY
Principal assets and liabilities of the 12 Federal Reserve banks combined, on the i
weekly statement date in each month, from January 1932 to October 1934
[In millions of dollars]
Assets
Bills and securities
Date
Jan. 27
Feb. 24
Mar. 30
Apr. 27
May 25
June 29
July 27
Aug. 31
Sept. 28
Oct. 26
Nov. 30
Dec. 28
Jan. 25
Feb. 21
Mar. 29
Apr. 26
May 31
June 28
July 26
Aug. 30
Sept. 27
Oct. 25
Nov. 29
Dec. 27
Jan. 31
Feb. 28
Mar. 28
Apr. 25
May 30
June 27
July 25
Aug. 29
Sept. 26
Oct. 31
United
Bills States
Bills bought
Governdisopen ment
counted in
market securities
1932
1933
Liabilities
Deposits
Federal
Federal Reserve
bankTotal Reserve
in note
reserves notes
circula- circula- Members'
Total i
Total
tion, reserve
tion
net
162
133
66
46
38
64
40
34
34
34
35
33
752
741
872
1,191
1,525
1,801
1,841
1,852
1,854
1,851
1,851
1,851
1,788
1,724
1,578
1,774
2,040
2,340
2,412
2,324
2,232
2,212
2,200
2,157
3,263
3,215
3,314
3,313
3,140
2,852
2,904
3,055
3,168
3,277
3,319
3,406
2,627
2,643
2,546
2,527
2,533
2,756
2,834
2,814
2,721
2,689
2,692
2,735
265
327
559
385
302
191
161
153
133
115
119
111
31
180
310
177
20
8
10
7
7
7
24
111
1,763
1,834
1,838
1,837
1,890
1,975
2,028
2,129
2,274
2,400
2,432
2,432
2,064
2,346
2,713
2,405
2,216
2,177
2,200
2,291
2,416
2,523
2,576
2,655
3,547
3,378
3,573
3,725
3,807
3,834
3,818
3,828
3,824
3,829
3,778
3,778
2,706
3,000
3,748
3,424
3,203
3,061
3,004
2,974
2,973
2,961
3,030
3,081
14
37
96
120
123
131
146
180
205
210
83
64
53
40
34
27
21
21
20
11
111
62
29
10
5
5
5
5
6
6
2,434
2,432
2,432
2,430
2,430
2,430
2,432
2,432
2,430
2,430
2,629
2,559
2,514
2,481
2,470
2,463
2,459
2,459
2,459
2,453
3,792
4,140
4,535
4,763
4,902
5,045
5,133
5,240
5,217
5,212
2,926
2,980
2,997
3,030
3,052
3,056
3,060
3,103
3,135
3,161
203
195
123
78
60
46
34
32
30
29
1934
2,099
1,973
2,019
2,234
2,321
2,107
2,165
2,241
2,353
2,470
2,484
2,563
419
417
415
415
414
414
413
413
412
412
411
411
2,513
2,271
1,987
2,136
2,167
2,286
2,306
2,427
2,596
2,693
2,573
2,675
2,587
2,399
2,203
2,345
2,394
2,510
2,574
2,097
2,808
2,796
2,829
430
429
428
429
429
425
425
425
424
424
424
423
2,652
3,093
3,439
3,744
3,763
3,837
4,020
4,127
3,970
4,006
3,035
3,265
3,657
3,929
4,048
4,196
4,288
4,361
4,310
4,262
284
284
284
285
285
286
286
285
285
286
1,945
1,878
1,911
2,114
2,214
2,034
2,072
2,146
838
835
633
532
471
470
525
433
340
322
309
267
Capital
and
surplus
2,412
2,411
2,482
i Includes (in addition to bills discounted and bought and United States securities) industrial advances,
municipal warrants, Federal intermediate credit bank debentures, land bank bonds, and foreign loans
on gold.
REPORT OF THE COMPTROLLER OF THE CURRENCY
93
NEW YORK CLEARING HOUSE
The figures compiled and furnished by the manager of the New
York Clearing House Association for the year ended September 30,
1934, disclose there were 21 banks comprising the New York Clearing
House Association with capital of $614,955,000.
Clearings amounted to $162,725,332,613, an increase in the year of
$8,153,510,240, and balances reported aggregating $21,306,663,035
showed a reduction in the year of $2,609,476,948. The average daily
clearings amounted to $538,825,604 and the average daily balances
$70,551,864. The percentage of balances to clearings was 13.09.
CLEARING-HOUSE ASSOCIATIONS IN THE 12 FEDERAL RESERVE
BANK CITIES AND ELSEWHERE
Clearing-house transactions in the 12 Federal Reserve bank cities
during the year ended September 30, 1934, aggregated $219,711,156,000, an increase in the year of $14,191,930,000. The ratio of bank
clearings in the 12 Federal Reserve bank cities was 81.54 percent of
the total clearings of all banks in 267 reporting cities in the United
States, in comparison with a ratio of 83.11 percent reported for the
year previous.
Clearings of banks in 14 other principal cities, each of which had
clearings in excess of $1,000,000,000, amounted to $27,636,330,000 and
showed an increase of $4,956,673,000 over clearings reported for the
same cities in the preceding year. The total clearings of the 267 cities
reporting to the New York Clearing House Association in the current
year aggregated $269,440,533,000, as compared with $247,292,090,000
reported by these cities in the preceding year.
Tables showing the following information are published in the
appendix of this report: Statement showing the total of transactions
of the New York Clearing House from 1854 to 1913, and annually
since 1914; comparative statement of transactions of the New York
Clearing House in years ended September 30, 1934 and 1933; exchanges, balances, and percentages of balances to exchanges, etc., by
the New York Clearing House, annually since 1914; comparative
statement of the exchanges of clearing houses of the United States by
cities for years ended September 30, 1934 and 1933; and comparative
statement of transactions of clearing-house associations in the 12
Federal Reserve bank cities and elsewhere in years ended September
30, 1934 and 1933.
ALL REPORTING BANKS IN THE UNITED STATES AND POSSESSIONS
The statement following shows a summary of reports of condition
of all reporting licensed banks in the United States and possessions,
by classes, on June 30, 1934:
Summary
of reports of condition of all active banks in the United States and possessions, by classesy at the close of business June
80, 1984 l
[In thousands of dollars]
g
Banks other than national, by classes
Total all
banks
Number of banks
15,894
National
banks
5,422
All banks
other than
national
10,472
State
(commercial)
Loan and
trust
companies
8,348
Stock
savings
316
Mutual
savings
o
Private
578
w
ASSETS
Loans and discounts (including rediscounts):
Real estate loans, mortgages, deeds of trust, and other liens on real estate:
On farmland-_
On other real estate
Loans secured by U. S. Government and other bonds, stocks, and securities
(exclusive of loans to banks)
Loans to banks.._
Commercial paper bought in open market; acceptances payable in United States;
and notes, bills, and acceptances payable in foreign countries. _
All other loans
Total
Overdrafts
Investments:
U. S. Government securities..
Obligations of—
Reconstruction Finance Corporation
Federal Farm Mortgage Corporation
Home Owners' Loan Corporation
Federal land and intermediate credit banks
States, counties, districts, political subdivisions, and municipalities
Territorial and insular possessions of the United States
Joint-stock land banks
Bonds, notes, and debentures (not including stock) of railroads, public utilities,
real estate, and other domestic corporations
Stock of Federal Reserve bank and other domestic corporations
Foreign government bonds and other foreign securities
Total
713,954
8,445,913
232,736
1,098,014
481, 218
7,347,899
246,829
644,342
87,379
979,121
55,414
280,401
88,781
5,439,753
2,815
4,282
5,222,757
163,851
2,594,386
104,057
2,628,371
59,794
615,319
16,673
1,896,443
42,567
13,552
113
35,810
136
67,247
305
632,116
6,239,333
236, 749
3,428,807
395,367
2,810, 526
81,534
1,320,133
297,903
1,322,340
2,845
44, 764
285
82,543
12,800
40,746
21,417,924
13,723,175
2,924,830
4,625,753
397,089
5,647,308
128,195
13,229
10,235
2,428
3,495
o
o
g
4,287
10,995,673
5,645,741
5,349,932
1,049,573
2,964,969
235,897
63,326
368,371
292,012
3,325,065
25,726
37,046
175,970
33,671
148,270
184,312
1,212,397
16,021
23,620
59,927
29, 655
220,101
107,700
2,112, 668
9,705
13,426
5,365
19,936
76,028
37,931
485,540
6,633
7,910
54,551
6,939
69,212
55,175
564,927
2,999
4,022
1,432
6,144
1,213
130,243
4,753,325
770,450
422,603
1,478,692
231,958
197,901
3,274,633
538,492
224,702
463,106
77,299
55, 669
702,983
270,546
90,328
21,289,494
9,348,553
11,940,941
2,284,990
4,786,651
162,037
991,998
181,355
236
1,155
68,115
13,126
914,313
60
1,168
11
193
602
255
17,645
13
90
49,404
1,508
1,124
2,047,417
147,349
71,961
11,723
41,790
5,620
353,341
4,256, 662
259,297
w
Q
d
3
Q
Banking house, furniture and
fixtures
_
Real estate owned other than banking house
Cash in vault
Reserve with Federal Reserve banks or other reserve agents
_.
Other amounts due from banks
_
1
Exchanges for clearing house and other checks on local banks
._
Outside checks and other cash items
Other assets (including securities borrowed, acceptances of other banks and bills of
exchange or drafts sold with endorsement, and customers' liability on account of
acceptances)
Total assets
._•
1,284,375
845,136
713,968
4,503, 768
4,373,178
540,910
83, 925
:
655,819
151,970
352,402
2,497,400
2, 535, 218
263, 023
48,922
628,556
693,166
361,566
2,006,368
1,837,960
277,887
35,003
216, 534
127,955
177,691
612,635
726, 640
55,995
22,997
138,021
378, 762
53,332
61,428
397,371
1,577
662
8,199
4,796
2,316
49,287
38, 554
260
294
246,969
156,855
118,641
1,228,159
633,810
218,566
10,161
18,833
24,798
9,586
54,859
41,585
1,489
426,244
3,458
129,943
37,187
12,455,304 ! 905,950
11,065,068
532, 672
186,932
1,338
1, 094,018
350, 542
743, 476
146, 644
56,159,925
23,901,592
32, 258,333
7, 299,339
7,810,083
78, 597
7,060,293
77,197
2,344,339
4,470,003
39,024
56,612
1,145
2,407
1, 224,264
782,451
460,041
300,989
17,467
119
15,085
152,900
51,353
333, 252
1,128
56, 758
6,637
270,677
9,280,929
8,304,546
2,897,956
LIABILITIES
Demand deposits, except U. S. Government deposits and amounts "due to banks"
subject to immediate withdrawal:
Deposits subject to check (except those of other banks, the U. S. Government,
14,870,376
and States, counties, and municipalities)
155, 794
Certificates of deposit (other than for money borrowed)
Public funds of States, counties, school districts, or other subdivisions or mu2, 006, 715
nicipalities
Deposits of other banks and trust companies (payable within 30 days but not
66, 438
subject to immediate withdrawal)
486,152
Other demand deposits
Total
—
17,585,475
Time deposits (including postal savings):
Deposits the payment of which has been deferred beyond the time originally
54,551
contemplated, either by agreement with depositors or otherwise
Public funds of States, counties, school districts, or other subdividions or mu372, 521
nicipalities
_
111, 507
Deposits of other banks and trust companies..
Other time deposits:
19,083,512
Deposits evidenced by savings pass books
_
1, 513, 595
Certificates of deposit (other than for money borrowed)
75, 683
Christmas savings and similar accounts,,
669, 944
Open accounts
._;
671,017
Postal savings deposits
-
2,526
29,725
47
292
109
92
1,126
1,955,286
219,435
15,079
312, 063 :
112,452
668,587
25,674
724
537
7,302
9, 764,052
544
12,088
287
33
9,129
9,636
12
63, 678
43,911
30, 432
13,131
97, 772
11, 535
37, 560
652
30,103
9,601
5,074,147
678, 498
37,053
275,287
440, 782
14,009,365
835,097
38, 630
394, 657
230, 235
1,612,311
579,808
10, 727
18, 092
110,448
22,552,330
6,891,128
15, 661,202 I 2,400, 030
2, 667,150
732, 596
9, 777, 405
84,021
1, 736, 683
4, 371, 660
889, 678
2, 684, 015
847,005
1, 687, 645
169,616
356,771
666,773
1,283,093
10,599
4,874
132
17
42, 775
353,112
25, 781
186,910
166,202
25,781
50, 232
1,355
114,901
24, 353
770
281
55
I 46,625,041 I 19,932,660
26, 692, 381
5,875,960
9,843,600 j 825,001
367,721
348
i Revised since published in text edition of the report due to the fact that amended figures were subsequently obtained for private banks in the State of New York.
240,572
10,640
Total
-
938
76,162
5,087,330 I
274, 749
99,972
United States deposits (exclusive of pos-tal savings)
Due to banks and trust companies (subject to immediate withdrawal)
Certified and cashiers' checks (including dividend checks) and letters of credit and
travelers' checks sold for cash and outstanding
Deposits not classified
*_.
Total deposits
3,835
43, 588
4,879
CO
Or
Summary of reports of condition of all active banks in the United States and possessionsf by classes, at the close of business June
80, 1934—Continued
CO
fin thousands of dollars]
Banks other than national, by classes
Total all
banks
National
banks
All banks
other than
national
Loan and
State
Stock
trust
(commercial)
companies savings
Mutual
Private
O
W
H
O
LI A BILITIES—continued
National-bank circulation.__
.__
Bills payable
_
Rediscounts
_
Agreements to repurchase U. S. Government and other securities sold
Acceptances executed for customers and to furnish dollar exchange, less own acceptances purchased or discounted
_
Interest, taxes, and other expenses accrued and unpaid
_
_
Other liabilities (including securities borrowed and acceptances of other banks and
bills of exchange or drafts sold with endorsement)
Capital stock, capital notes and debentures:
Capital notes and debentures
Preferred stock...
_
Common stock*
_
"_-__
Surplus.._
.
_.
Undivided profits—net
Reserves for contingencies
Preferred stock retirement fund
Total liabilities
181,823
6,227
14,928
698,293
13,672
2,007
4,399
168,151
4,220
10,529
93,638
1,154
9,944
54,310
3,019
585
431
5
73,906
133,221
41, 741
163, 478
32,165
25,940
6,252
108,195
23, 587
368
410,258
74, 566
322,461
541, 273
2,695,052
3,174, 691
643,442
475,181
650
322,461
412,070
129, 203
1,325,75L. 1,369,295
854,057 2, 320, 634
386,131
257,311
151, 267
323,914
571
79
56,159,925 23,901,592 32,258,333
13,403
42
1,648
29,343
310
6,752
139,330
175,101
757
13,752
131, 256
52,413
536,073
252, 224
87,240
87,871
44
161,155
61, 527
748,352
926,422
146,950
202,467
34
1,350
15, 263
29,263
19, 255
5,109
9,147
1
28,700
7, 299, 339
12, 455,304
905,950
1,073,097
144,353
17,050
55,607
49,636
2,479
7,379
11,065, 068
532,672
2 The common capital stock reported for banks other than national represents the par value of such stock. In the case of national banks, however, the common capital shown
represents the net book value. The par value of common capital stock of national banks on June 30, 1934, aggregated $1,326,722,000.
H
a
O
O
w
a
The table following shows the approximate population of each State, number of active banks, assets and
liabilities, a classification of loans and discounts, investments, cash and demand and time deposits, June 30, 1934:
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1934 (includes national, State
(commercial) banks, loan and trust companies, savings and private banks) l
Location
Population
(approximate)
Maine
New Hampshire.
Vermont
Massachusetts...
Ehode Island
Connecticut
Total New- England
States
New Y o r k . . .
,
N*»w Jersey
Pennsylvania
Delaware
Maryland
_
District of Columbia.
804,000
470,000
361,000
4,335,000
705,000
1, 655,000
Number of
102
113
95
409
35
201
13, 059,000
4, 231,000
9,826,000
242,000
1, 671,000
497,000
Total Eastern States.—! 29,526,000
423
1,111
49
192
21
2,718
Exchanges
for clearing house
and other
checks on
local
banks
Outside
checks
and
other
cash
items
293
225
103
11,210
1,558
3,324
274
290
194
2,519
75
649
Loans and
discounts
(including
rediscounts)
Overdrafts
118,615
111,470
99,395
2,000,381
202,837
652,762
28
7
17
100
7
22
167,128
154,389
75, 575
1,450,545
253, 551
420,011
181
2, 521,199
118,876
175, 634
7,981, 457 6,034
64
863, 762
447
1, 695, 307
8
77, 257
51
217,552
33
88,657
7, 415, 471
774, 589
2, 378, 677
68, 795
373,613
103, 375
324, 842
78,449
162,976
4,428
17,496
15, 719
243, 566
56, 926
6,637 11,114, 520
603,910
415, 637 | 245, 227 j 2, 262,164
1,300,437 j
3,185,460
8,330,000
Banking
house,
furniture
and
fixtures
Assets (in thousands of dollars)
i\
L
Real
Reserve
with Fedestate
Other
Reserve amounts
owned
Cash eral
banks or due
other
from
in
vault
other rethan
banks
serve
banking
agents
house
10,923,992
Investments
3,799
4,303
3,590
68,349
4,894
31,941
3,060
5,285
16, 506
112,540
3,388
34,855
100, 581
2,761
6,489
5,314
5,324
2,635
2,347
58,654
7,562
14,601
Total
assets
338,332
1,337
296,183
758
215,361
1, 631
43,530 4, 219, 287
531, 511
2,667
5,176 1, 289,190
10,875
4,096
2,608
245,316
35,477
48,939
27,599
12, 725
13,395
226,143
19, 495
76,910
91,123
347,311
376,267
16, 713
4,001
133, 646
29,034
63,348
1,670
9,701
7,828
1, 662, 061
89,354
397, 541
9,281
74,585
29, 342
697,878
141, 583
362, 251
13,105
60,637
24, 983
326,192
7,142
33,176
462
3,889
4,866
9,361
1,744
5,170
49
467
518
659,233 19,459,741
27,161 2,069,808
73,310 5, 272, 784
178, 375
559
769,584
5,104
281,985
1,350
375,727
17,309
766,717 28,032, 277
Virginia.
_
i 2,446,000
246, 763
2,394
141,251
15.067
8.564
9,376
72,819
21, 506
West Virginia..
_..| 1,786,000
79,493
10,025
125,557
181
836
40
7,608
8,036
39,966
9,811
North Carolina
91,195
10,108
214
3, 301,000
96,833
14
2,872
3,756
6,883
54, 697
15, 765
South Carolina—
33,500
2,270
126
36
1, 750,000
29,071
468
8.153
2,146
3,675
25, 638
Georgia
99, 975
14, 769
322
162
2,911,000
35, 314
155,337
8,153
6,756
49, 540
1,877
8,913
155
Florida...
1,575,000
12,856
124, 606
45,152
7
2,651
6,178
48, 773
7,287
217
"Alabama
14,767 "38V 521
72, 764
2, 710,000
94,999
6,956
5,080
829
4,327
214
Mississippi—
4,520
52,091
2,057,000
53J499
356
53,499
2,933
3,782
443
31,675
10, 344
147
Louisiana
23, 762
107,057
2,166,000
139
116,868
3,651
5,297
4,173
53,864
38,921
957
144,138 229,049
Texas
6,073,000
373,157
367, 724
14, 798
20, 306
6,040
Revised since published in text edition of the report due to the fact that amendedfigureswere subsequently obtained for private banks in the State
Other
2,512
192
519
301
805
655
164
1,021
2,599
55,099
5,852
1,747
2,155
2,022
2,404
2,327
3,332
2,421
3,188
9,617
of New York.
W
w
o
o
g
o
F
F
6,889,864
526,172
283,311
284, 797
107, 280
375, 092
253,106
245,858
156, 2.11
329,364
1, 207, 233
W
o
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1984 (includes national,
(commercial) banks, loan and trust companies, savings and private banks)—Continued
State
Assets (in thousands of dollars)
Location
Population Num- Loans and
(approxi- ber of discounts
mate)
banks (including Overdrafts
rediscounts)
Investments
Real
Reserve
Banking estate
with FedOther
house,
owned
furniture
other inCash
vault other re- due from
and
than
banks
fixtures banking
serve
agents
house
Exchanges Outsidi
for clearing house checks
and
and other other
checks on cash
local
items
banks
Other
assets
Total
assets
1
230
444
329
1, 876,000
2,657,000
2, 676,000
Arkansas...
Kentucky..
Tennessee..
Total Southern States.. | 33,984,000
Ohio..
Indiana
Illinois
Michigan..
Wisconsin ~
Minnesota.
Iowa
Missouri...
Total Middle Western
States
6, 836,000
3,304,000
7,876,000
5,093,000
3,005,000
2, 602,000
2, 485,000
3, 678,000
47,125
191, 785
159,024
76
126
166
42, 833
137,373
117,305
3,336
10, 273
13, 650
3,864 j 1,729,737
2,151
1,472,600
149, 290
78, 763
92,089 j
382,041
759, 297
213, 530
859,314
298, 236
273,281
271,635
154,474
348,669
160
48
273
74
84
119
73
174
673, 705
209,164
1,213,735
389,092
277,652
353, 797
164, 543
476, 957
64, 246
22,026
53,914
26, 750
23,063
18, 630
9,753
20, 826
28,506
8,703
19,188
12, 207
5,849
37, 733
16, 563
60,839
22,458
13,122
9,201
10,137
13, 276
166, 557
33,141
432,454
121, 437
90, 270
45, 950
24, 766
90,171
1,004, 746 1, 276, 217
687
520
878
435
607
691
622
702
2,244
6,584
8,719
2,087
13,250
2,596
7,246
6,878
22, 421
13,610
16,486
347
2,555
1, 740
259
508
2,155
751,546
25, 562
147,858
112,442
404,119
95,930
53,735
134, 263
98, 754
229,116
12, 754
1,
9,416
3,184
7,981
2,226
9,405
3,888
5,810
1,862
3,225
1,387
1,410
13, 612
57, 243
74, 781
1,361
10,397
15,168
136, 210
437, 700
416,072
12, 636
61,991
4, 758,406
4,339
16,154 1,911, 309
3,527
623,919
3,121,611
21, 625 1,003,035
5,950
748,052
9,597
858,381
1,819
470, 019
11, 521 1,214,775
I
34, 879,000
5,142
3,178,436
1,005
3,758,645
239, 208
77,835
24,815
705,000
1,395, 000
1,905,000
2 537,606
232,000
1,056,000
437,000
2,475,000
211
212
435
752
125
63
162
43
417
25, 779
28,943
82,691
125,572
27,175
20,219
60, 312
9,551
97,126
57
117
30
23
49
10
100
28,337
31,465
110,408
108,504
48,445
14,563
111, 064
11,872
136,557
2,973
3,302
8,367
12, 296
3,872
1,569
5,322
1,279
11,409
1,111
852
940
4,011
633
300
1,445
309
1,268
1,402
4,220
5,527
2,428
1,515
6,132
1,084
4,578
7,273
3,682
29,142
21, 565
19, 786
4,142
32,782
3,107
41,820
7,825
15,814
77,174
104, 499
11,554
10, 016
50, 743
7,964
71,484
213
278
2,038
1,255
268
128
1,991
129
1,844
164
186
790
1,187
171
66
1,111
73
1,038
872
839
1,307
2,361
923
203
1,537
247
2,062
75,836
86,801
317,134
386,894
115, 285
52, 744
272,488
35,625
9,430,606
2,420
477,368
445
601, 215
50,389
10,570
28,154
163, 299
357,073
8,144
4,786
10,351
1, 711, 794
1,608,000
990,000
6,158,000
448,000
202
105
129,701
54,241
1, 512, 775
15, 284
77
42
897
36
179, 793
114,303
1,353,933
26,388
9,950
6,776
96,738
1,991
2,197
1,123
58,306
275
6,774
4,485
31,722
2,117
41,908
16,730
264,189
2,139
38,426
26,931
168,936
14,648
2,876
1,766
29,271
76
1,069
641
15,613
236
North D a k o t a South Dakota...
Nebraska
Kansas
Montana
WyomingColorado
New Mexico
Oklahoma
Total Western States. _
WashingtonOregon
California
Idaho
64
93, 773 183,329
113,092 9,951,101
6,191
418,962
229,443
2,405
48,586 3,580,966
63,821
631
00
Utah
Nevada
.__
Arizona
Total Pacific States
Alaska
The Territory of Hawaii.
Puerto Rico
Philippines
Total possessions
Total United States
and possessions
520,000
94,000
457,000
60
10
17
40,403
3,594
14,969
84
5
17
49,863
9,368
22,490
2,027
452
1,755
1,312
57
1,435
1,323
461
1,709
7,168
1,176
8,848
18,351
3,023
5,390
836
5
334
672
47
30
1,311
181
291
123,350
18,369
57,268
10,275,000
741
1,770,967
1,158
1,756,138
119, 689
64, 705
48, 591
342,158
275, 705
35,164
18,308
59, 596
4,492,179
61,000
415,000
1,645,100
12,927,400
15
14
14
11
3 906
47,178
35,595
65, 285
15
1,369
268
5 308
33,957
2,177
23, 735
290
2,620
865
1,238
120
1,324
1,072
3,538
1,033
4,947
4,224
15, 251
124
1,925
2,293
12,139
2,698
18, 803
13
509
918
325
161
44
1,036
829
20
2,157
9,597
15,398
13,159
106,368
58,450
146,327
.,
S
E
Q
15,048, 500
54
151,964
1,652
65,177
5,013
6,054
25,455
2,049
35,933
1,765
2,070
27,172
324,304
H
141,473,106
15,894
21,417,924
13,229
21, 289,494
1, 284, 375
845,136
713, 968
4, 503, 768 4, 373,178
540, 910
83,925 1,094,018 56,159,925
O
^
rHE COMPTROL
2 Population Apr. 1, 1930.
H
W
o
d
3
O
CD
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1934 (includes national, State
(commercial) banks, loan and trust companies, savings and private banks)—Continued
Liabilities (in thousands of dollars)
|
1!
Location
oa
SB
o
§1
93
£
I
PQ
Maine.. _
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut..
51,999
230,117
30, 533
216,180
19,060
147,945
!
818,304 2,530,741
92, 712
342, 639
202,962
871, 614
Total New England States
1,622
5,835
829
5,206
446
1,274
116,488 202,731
4,582 10, 484
11,228 23,343
1,215,570 4,339, 236 135,195
503
485
367
8,168
544
1,940
248,873! 12,007
290, 076 4,403
253,233 4,891
169,092 3,971
3,676,432 19, 217
450,961 6,143
1, 111, 264 9,404
2,013!
456
1,604
3,217
3,809
177 5,951,058 48,029 11,099
152
436
230; 16, 431 15, 445 9,139
53
709|
10
62;
7,407 19,884 9,466
282
9,
3,380 1,955 11,8
362' 22, 841
..I 3,465 14, 708 3,848 8, 474 148,272 196,235114,893
96235
30,475
3,f
185
1,258 19,475 43,836 5,610
744 2,948 45, 331 77,450 28,680 9,555
19 3,465 14, 768 9,042 13,334
New York
083, 380 54,124 23,885! 871
6,020, 676 7,110,785 880, 954 1, 893,539 167,090 10, 336J,16,
New Jersey
502,285 1,131, f " 31, 721 29,2991 5,066 1,847 "l,709,887| 27,623 18,406! 387
Pennsylvania
.1,457,131 2,198, 338 128,250 391,674 18,453
4,193,846 97,464 13,498 1,100
~"
2,705
61, 720
Delaware314
131, 764 1,203
65,146
1,879
187
57
189,498
Maryland
389,314 34, 234 '3,705 1,155 "729 663, 635 4,844 1,030
74
119,843
3,307 18, 260 1,629
District of Columbia...
93,094
236,133 2,852
100 134
Total E a s t e r n
States
_.. 8,351,153 10,988,346 1,081,171 2,383,356 193,707 20,912 23,018,645 188,110 57,106 2,623
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
_
Mississippi
Louisiana
Texas
Arkansas
_.
155,984
104,234
122,179
51, 326
131,418
115,412
86,764
64,052
124,760
563,559
57,486
215,407
109, 700
75,171
26,197
104,129
61,017
73,593
53,519
90,177
187,107
39,607
7,031
1,794
3,179
1,651
19,673
11,070
8,261
1,166
17,607
77,338
1,149
39,662 2,317
9,026
686
34,531 3,621
9,342
350
43,799
955
22,291 1,536
14,088
529
484
4,214
41,197 1,976
131,525 15,161
587
8,082
420,401 18,825
225, 440 9,314
238, 681 4,064
2,332
299,974 11,159
211,326 8,168
183,235 11, 355
123,435 2,331
275, 717 8,597
974,690 43,263
106,911 3,606
1,853
900
104
17
1,321
188
440
1,904
821
4,320
3,377
£
04
46
139
48
3
85
35
52
38
10
403
3
11 244,276 21,921
536 556 4,285
3,971
I "•
264
231 600
710
259, 757 356,230169,743 53,199
88,030 1, 036, 565 1588,902 129,902; 187,858
15,216 140,646 101,102 19,486! 31, e
82, 372 312, 776 449,437 81, 437 24,859
720
13, 238 23,053 3,991 3,898
1,145 37, 521 37,199 15,868 7,390
893 21,835
13,175 4,412 1,720
568 257,044 31, 751 188, 376 1, 562, 581
2,212,868 255,096 257,385
50|.
378
2
478
252
1,223 7,179 49,173
236
203 29.312
468 1,223 22, 393
65 £, uyu
8,323
459 1,020 36,196
758
-22,169
638
476 1,409 31,855
292 4,845 17, 317
715 1,542 26,655
1,480 1,651 112,181
81
191 14,335
19,366
12,114
9,605
2,619
14,615
-7,-085
10,844
4,143
8,674
47, 791
4,193
5,942
3,309
3,351
1,687
5,299
2,167
2,426
1,277
3,525
16, 465
2,336
2,108
2,344
4,847
672
4,903
571
3,376
627
2,593
4,614
1,177
7
12
26
51
20
5
121
16
18
43
"47
124
6
91
M
§
®
f
1
o?
f
I
JP
425,375
34,849
46,035
10,875
59,475
21,792
19,436
11,347
5,540
40,578
88,019
38,134
428,185
50,895
44,455
94,787
36,598
125,794
1,591,967
10,475
517,411
1,632
2.636,825
20,707
825,053
6,636
618,723
4,209 4,216
738,901
11,268
406, 262
2,728
12,820
1,027, 730
36,016
781
14,613
630
21,828 61,111
10,054 3,442
22,209 1,943
22,951
135
6,887
936
7,933 13,047
135
190
2
95
15
4,073,959 3,092,277
215,078
906,867
70,475 4,216 8,362,872 142,491 82,025
442
26,336
38,487
143,154
201,124
49,589
22,547
120,627
21,381
187,097
30,623
27,301
68,989
80,207
41,353
18,700
87,022
7,593
82, 780
915
824
4,459
6,932
385
100
1,476
233
6,286
1,991
3,054
55,461
32,545
4,875
2,496
24,406
1,049
31,792
494
632
2,123
2,379
925
240
2,118
254
3,858
60,359 2,171
70,298 1,481
274,186 7,705
323,187 9,753
97,127 2,061
44,083 1,352
235,649 7,517
30,510 1,204
311,813 10,053
810,342
444,568
21,610
157,669
13,023
1,447, 212 43, 297
156,848
147,976
90,120
89, 718
834,881 1,929,280
18,198
33,837
50,813
39,695
6,580
9,546
19,469
28,839
9,242
1,664
91,042
439
1,286
60
157
35,659
15,392
171,939
1,775
9,997
83
1,432
1,653
1,201
22,469
388
693
268
520
351,378 16,089
198,095 8,738
3,049,611 93,308
54,637 1,299
102,692 2,456
208
417
16, 537
854
50, 417
48
250
4,522
5
118
1,184,492 2,271,308
103,890
236,277
27,192
208 3,823,367 123,161
4,943
5,422
492
Alaska
_
4,987
157
47,245
29,641
2,008
1,737
The Territory of Hawaii.
16,177
5,221
59
13,977
Puerto Rico
. ._
51,072
37,896
6,128
Philippines
119,916
86,501
13,243
2,559
Total possessions.
Total U n i t e d
States and possessions
17, 585,475 22, 552,330 1,736,683 4, 371,660
85
482
558
734
11,143
81,118
36,004
96,081
224, 346
37
1,452
24
236
1,749
1,859
5
12
251
268
1,080
6,654
9,687
170
3, 797,541 149, 702 22, 979
175
3,328
3,503
9
182
5
28
464
834,869
247,823 91,488 83,206
48
30,277
12,587
223,692
5,100
11,796
745
3,800
11,641 4,895 2,076
614
6,477 1,801
100, 505 40,707 29,108
972
1,066
699
576
3,204 1,675
282
49
300
135
401
1,517
1
1
84
28
40
287,997
124,710 50,460 33, 530
154
2,120
140,035
9
24
72
185
230 2,133
64
237
555
11,812 4,045 23,500
8
7
286
248
259
39
46
98
105
12,347 4,853 26, 552
201
6
271
360
179 15,798
586 24, 644
223 1,036 40,802
22
6
84
7,245
2 1,992
„
2
46,445 19,379
9,307
10, 652
23,848
32,200
9,928
4,171
15,726
2,700
31, 503
1,922 2,097
23
17
42
340
416
1,679
657
1,155
204
415
32
2,347
109
165
172
965
24
67
181
6
431
2
4,502
3,338
550
1,274
2,968
4,684
1,165
726
3,671
220
4,121
196
160
259
176
166
7
827
8
193
238
63
242
55
11
15
694 1,777
74
?1
72
511
8
10
70
158 . . . . . .
928
10,305
4,598
12,231
28,062
2,503
2,058
6,285
12, 799
3,585
2,039
7,949
935
8,292
442
5,936
596
6,502
13,476
342
521
285
504
1,652
4
2
2
34
6
92
2,876
960
5,521
9,449
353,112 25, 781 46,625,041 698, 293 181,823 6,227 14,928 296,699 73,906 410,258 3,558, 786 3,174,691 643,442 475,181
i Includes preferred stock where authorized, and capital notes and debentures (see classification on pp. 104,105).
119
56,828 16, 529 12,731
22,120 7,818 3,519
64,014 24,027 38,922
22,884 9,883 8,699
20,160 7,652 5,833
20,524 6,744 4,420
11,235 4,260 3,072
30,058 14, 575 6,010
901 10,680 18,478 75,742
177,180
816,930
210,132
662,315
357,750
302, 766
341,683
144,013
256,688
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
173,139 55,624 31,167
218 1,732 7,350
401 2,372
9,638 7,909 19,957
11 4,486 32,209
877
148 1,079
178 1,972 1,036
408
234
665 11, 533
487
1,863,458 1,296,679
630,508
256,638
1,466,143
387,980
243,641
279,816
217,383
591,850
186,340
54,822
237,361
86,168
69,413
61,336
36,720
102,709
1,635 6,754 63,332
682
5,266
1,381
19,234
12,856
445,485
941 9,988
30,122
37,496
327,635 10, 507
321,230 16,181
8
39,297
36,279
12,210
15,051
146,742
139,542
2,765
570
279 22,659
222 18,076
133,295
127,760
Kentucky
Tennessee
Total Southern
States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa.
Missouri
Total Middle
Western States.
650
Assets and liabilities of all active banks in the United States} Alaska, and insular possessions, June 1934 (includes national, State (commercial)
banks, loan and trust companies, savings and private banks)—Continued
[In thousands of dollars]
Loans and discounts
ComReal estate loans,
mercial
mortgages, deeds
paper
of trust, and
Loans
bought
other liens on
on sein open
U . S . Recon- Fedreal estate
curities Loans market,
eral
All other Govern- struc(excluto
tion Farm
ment
loans
sive of
FiMortsecurities nance gage
to
On On other loans
acceptbanks)
Cor- Corfarm
real
pora- poraland
estate
etc.,
tion
tion
payable
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
_
_.
Total New England States.
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
_
_
__
-
Total Eastern States
Virginia
West Virginia
North Carolina..
South Carolina
Georgia
Florida.
Alabama.
Mississippi
Louisiana
_
Texas
Investments
23,558
18,734
12,955
245,691
36,990
98,778
52,058 2,042,025
436,706
355
20
3,526
78
156
1,712
721
183
41,757
9,220
7,871
41,033
18,008
21,911
385,199
33,033
4,135
61,464
589,072
Home
Owners'
Loan
Corporation
11, 776
7,307
3,835
138, 095
97, 762
118,059
911,426
2,309 40,186;
199,464
43, 7663. 753,202 2,280,102 70,751 374,077 1
L, 459, 559
45,870 356, 7111 170,644 5,697
4,103 280, 737
16,072| 456,835 602,262 16,216 10,695 593,227
3,420
25,827
29,567
158 2,860 15,425
10,478
990
643
91,112
49,157
65,172
1,411
46
23, 576 32,665
30,951
15,012
37,932
4,879
27,401
5,536
11,477
1,535
.
,
2,873
6, 773
1,863
5,196
14,316
9,083
22,638i
16,836
6,86
"
" oo!
7,283[
10,395
16,366
31,709
56, 719 2,102
867
35,188
680
19, 785
310
4,512
372
44,137
12,852 It'
15,790 1,172
6,756
245
23,978 1,903
74,661 2,030
4,590
2,456
1,241
457
972
2,800
5,422
5
3,228
5,962
21,651
V "'
if
248,555]
151
572
564
1,925
386
Territorial
and insular
possessions
of the
United
States
52
79
50
956
38
6,828
20,610
3,447
Bonds,
notes,
and
debenJoint tures
of
stock
railland
roads,
banks
etc.*
202
258
37
31, 356
7,844 90,939 66,384 1,276,3451
968 20,649
---•-' 6,372 140,1531
2,32ll 21,687i 19,096 243,978
130,408
78,372
54, 766
43,089
58,114
42,640
19,384
14,§37
86,247
65, 762
18, 660 _84,338
58,473
36,630
21,782
13,604
62,310
60,281
230, 724
States,
Federal counties,
land districts,
and in- political
termi- subdidiate visions
credit
and
banks < municipalities *
262 2,378
31
16 2,719
2,724
243 4,094
818
1,231 21,003 15, 777
65
192 5,815;
365 4,177|
1,950
52,661
29,786
14,220
119,652;4,707, 263 3,164,397 93,473 394,136 2,445,071 5,680,140'151,853
_
_
_
5,060 46,897
4,837 69,150
29, 272 35,074
1,425 L, 322,783
2,179 121,337
9,285 446,784
Obligations of—
!
1,181
902
82,217
87,733
42,598
586,780
91,269
181,451
Stock of
Federal
Reserve
bank
and
other
domestic corporations
8,562
8,701
3,870
19,897
5,201
4,516
68,122 19,245
48, 472 2,843
40,316 42, 294
8951,072,048 190,024 82,015
108,126
15, 691
82,891
2,500
4,344
935
9961,473,843
275,235
773,990
34, 618
134,532
13,545
990
289
2, 736 2,853
6
70
222
161
22
40
,691,36l|
4,198
20,885
10, 482|
37,350
12,902|
9,799
18,670
18,290
31,414
23,854
61,988
200
413
193
304
153
123
501
630
490
Foreign
government
bonds
and
other
foreign
securities
5,089 2,705,763 392,460 214,487
177
62
1,271
7
71
124
555
260
18
2,929
20,627
13,458
2,297
2,763
10,247
10,132
9,467
2,850
5,667
21,256
9,971
6,620
1,788
853
3,790
2,283
2,001
638
5,738
22,164
1,924
1,479
202
434
2,085
1,139
1,756
362
955
1,755
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio...
Indiana
_
Illinois
...
Michigan
.._
Wisconsin
...
Minnesota
Iowa
Missouri
Total Middle Western
States
North DakotaSouth Dakota.
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico....
Oklahoma
Total Western States
Washington.-.
Oregon..
California
Idaho
_
Utah
Nevada
_.
Arizona
Total Pacific States
Alaska
The Territory of Hawaii
Puerto Rico
.Philippines
Total possessions
Total United States and
5,306
5,521
6,606
377
29, Oil 35,419 37,666
846
12,484
15,817 33, 632 2,077
133,847 229,060 370, 982 14,675
38,117 270,64 206, 221 6,632
26,861
56,199 39,328 2,069
26,084 67, 790 328.075 17,623
23, 422 102,669 82,528 2,642
25, 501 42,019 74,474 1,160
26, 798 25,004 48, 026
926
31, 514 19, 660 14,637
855
22, 571 51, 555 83,009 1,570
1,340
4,736
2,119
35,328j
2,580
4,059
51.321
7,238
3,842
5,774
9,903
12, 516
220,868 635, 543 876. 298 33,477
1,464
3,471
1,889
21
1,983
2,649
1,
186
5,736
1,912 10,992
836
11,362 10,407
9,863 1,232
2,529
1,212
4,486
32
1.927
1,
1,879
9
3,683
3,
16, 529
107
935
507
716
12
4,257
15,443 11,391
5,374
36, 549 28, 442 63,146 13,826
10.351
36, 434 19, 266
46
3,138
6,897 10,375
178
122, 500 711,759 246,890 2,257
1,866
841
1,-"""
96
3,849
11,189
7,863
162
283
946
660
1.102
4,158
4,716
35
143. 089 772, 224 291, 250 2, 774)
15
1,120
79
17,956
282
19,924
3,084
553
109
1, 326!
1,454 1,100
4,728
7,891
19,978 1. 4911
31,3J
97,233 1,315,017 2,218,635! 83,319 21, 562 102,409 79,095 481, 781
1,052
5,689
812
612
61
18,122
13,845
972
11, 526
408
826
21, 331
10, 744
1,771
1, 601 .1, 870 4,492 13, 623
4,422 58, 793
75,318
8,739 83, 969
51, 727
2,826 2,360 5,628 41,634
292 1,154
9,613
17, 739i
23,000
1,542
1,177
99
3,162
15,073
854
65
7,747
636
14. 755
35,404
451 1,194
2.628
891
75. 295
45
2,622
7,232
2,136
149
5, 745
293
620 1, 365 2,866 64, 652
1,005 59.656
56,824
6. 959 10,896} 22.529 167, 276
18,0S6 317.319
!0, 245
2, 784 60,820
107,338
502 , 845 4,009 2,811 37, 202
416 4,159
21, 741
365
519 33.134
74,001
765, 273
16,158 413.211
12 10, 247 20, 779 5,677 386,818
362
6,:
413
579
14, 283
307| 10, 694
9,650
305 1,270
241
25,882
715
16,625
24
204
2,250
211
6,019
1,705
722
3
6.226
1,047
11,163
4,475
483
20, 966| 540. 664 1,003.959
12, 253 31, 505 10.931 470. 767
5
497
2,400
30| 2,741
174
300
6, 245
244!
8,693
13.183
36
1, 4271 29, 096
293
3. 202! 45,815
878
895
4. 903' 86. 345 16,754
305 l,069| 13,076
27,975
84,107
92,895
945,845
235,100
85,014
368,421
79, 737
126, 285
165.107
77, 905
177, 448
344
22,018
72, 066
1,308
62,322
495
211 8,657
844, 514
2,690
370,434
1,804
110, 570
754,639! 76,700 3,044
2,063
253, 619
4,292
148, 662
101 3, 069
193, 373
406 2,751
91, 590
295, 748 i, 110 1,849
9, 529,
2,092 2, 589
8,012 3, 963 13, 040
3,558
2, 505 33,137
44,335 37,889 301, 340|
82, 412
31, 548 21,129
12,082
18,111
7,
161, 592
7,270 8,
42, 731
11,904
7,924
20,19'
8, 703 1,279
70,083
9,157
7,784
32,090
5,294 4,3U
10,422 20,029 60,594
579
162
23
3,771
2,017
2,431
2,101
377
266
473
367
1.324
33
362
30
5,899
1,673
2,220
1,355
461
321
447
588
1,205
4,427
798
32,315 3,975
8,256 6.292
143, 762 16,911
127, 954 20,455
43, 585 6,072
150, 781 22, 228
60,384 3,421
81,492 4,660
56,985 3,418
22.830 2,289
49,603 24, 266
401
2,133
687
15,311
13,393
4,486
25,193
6,207
7,779
8,907
2,023
5,807
9,356 8,270 593.614 86,809 73, 795
156
96
5,133
217
920
536
115
4,675
217
501
180
267
662
10.451
1,944
263
178
994
1,997
897
151
327
332
9,339
2,695
129
230
179
1,375
152
147
334
1,106
13,162
1,992
100
114
677
42
1,294
5,610
2,225
767
52,419
9,910
2,475 2,460
6,046
303
289
1,321
1,865
23, 308
553
493
20
2, 525
10,030
1,903 11,853 113.443 21,667 16, 261
152
320
2,344
221
834
74
48
8,294
419
3,680
11
15
40
568
26
48
172
477
2.398
234
2,767 12, 994 160,385 27, 642 22, 421
1
114
184
1,933
681
107
1,699
1,065
10, 677
569
1,272
2
5
344
2,776
644 11, 452
448
558j
4.664
25, 334
1.978 1,439
713,954 8,445,913i5,222,757 163,851 632.116 6,239,333 10,995, 673 235, 897 63, 326 368, 371 292,012 3,325,065 25, 726 37,046 4,753, 325 770,450; 422,603
1
Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more States.
Includes bonds, notes, and debentures of public utilities, real estate, and other domestic corporations.
NOTE.—The amounts shown in the schedules of loans and discounts, investments and deposits of this table for banks other than national do not agree in all particulars with
figures as reported to this office, due to the fact that several of the classifications furnished were incomplete. In such cases estimates of various amounts have been used, based on
classifications reported to the Federal Deposit Insurance Corporation in its call made for June 30, 1934, of insured State banks and trust companies not members of the Federal
Reserve System.
O
H
O
w
Q
O
S
o
H
W
o
I9
2
O
Assets and liabilities of all active banks in the United Statest Alaska, and insular possessions, June 1984 {includes national, State {commercial)
banks, loan and trust companies, savings and private banks)—Continued
[In thousands of dollars]
Capital stock, capital
notes and debentures
Location
Maine
New Hampshire .
Vermont
Massachusetts...
Rhode Island
Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Total Eastern StatesVirginia
West VirginiaNorth Carolina.
South CarolinaGeorgia
Florida
_.
Alabama
Mississippi
Louisiana
Texas._
Capital
Prenotes ferred
and stock
debentures
215
~7,~025
5,801
929
8,215
13,473
600
7,543
7,240 36,561
177, 469 112,505
300 34,823
10 30,265
100
405
6,345 2,207
1,850 1,500
Common
stock
10,415
6,478
7,601
134,799
18,875
37,788
Demand deposits
Public
Deposits Public
funds of
the pay- funds of
States,
ment of States,
counties, Depos- Other which counties,
CertifDeposits icates school its of
dehas been school
subject
mand deferred districts,
de- districts,
to check of
other other
beyond or other
posit or
subdivi- banks its
the time subdivisions or
originally sions or
municicontem municipalities
plated palities
42,982
186
25,826
613
17,667
149
740,109 5,018
79,238 1,690
176,243 1,025
1,046
2,983
5,851
4,941
6,935
2,305
5,610
900
1,300
1,178
14,220
1,592
3,950
19,427
617
126
126
13,264
1,533
10,320
Other time deposits
Postal
DeposChristsavEviits of
mas
ings
other denced Certifi- savings Open deposbanks by sav- cates of and
acings pass deposit simi- counts its
lar acbooks
counts
225,977
10
210,532
32
146,580
5
720 2,425,730
326,060
309
822,675
241
1,327
1,708
640
37,265
10,341
24,305
132
1,196
783
991
213 2,491
131
463
10,216 29,423 12,044
2,644
1,752
3,052 5,778 5,243
1,317 4,157,554
75,586
18,230 35, 546 22,776
14,893 6,487, 717 145,715
2,050 1,029, 522 19,331
28,117 1, 717,636 156,315
20
61,192
738
339,854 16,389
5,911
102
85,898
1,697
9,798 321,580 89,043
9,905 4,921 45,416
6,336 186,447 86,121
393
1,117 1,363
2,231 13,134 7,397
2,186
1,334 1,367
8,125
4,062
925
61,220
7,543
19,190
268
94
232
156
706
32
51
11,863
4,009
6,348
101,065
750
23,009
2,241
25,986
746,591 5,284,878 35,551 376,616 47,182 276,449
790
105,523 391,994 5,715
5,198
282,501 1,318,633 7,060
88,837 6,481 36,120
17
12,733
48,404
2,961
10,338
28,969 152,025
699
13,567 3,755 19,452
18,485 113,434
861
5,499
49
990
12,018
473
76
656
41,049
8,506
16,893
247
3,742
510
14,213
70,947
51,093 9,721,819
340,185
30,849 528,533 230,707
118
3,101
80
900
755
281
133
70
51
66
3,276
119
3,289
1,556
424
817
2,203
156
7
6,054
5, 953,
225
2,318
215,956 1,082,065
186,379 181,4001,194,802 7,309,368 49,903
3,547
Time deposits
39,847
23,460
16,783
6,377
31,913
20,991
17,635
9,874
17,764
85,819
136,944
878
85,373
824
94,859
934
37, 730
213
114,627 1,060
88,421
98
72,103 1,107
43,409
87
105,100
493,556|
1,025
5,031
587,995 58,208 345,679
17,073
16,824
24,605
13, 241
14, 792
24,848
12,512
20,250
16,934
61,424
67
470
130
10
250
1,089
1,146
1,781
142
939
1,575
912
306
2,079
165,803
72,510
41,992
17,527
73,210
44,947
55,335
28,874
56, 956
126,034!
36,396
18,627
21,297
2,909
19,542
969
8,062
19,080
15,658
31,374
1,335
786
167
154
503
193
1,029
243
331
721
1,972
4,714
345
2,429
2,518
285
3,953
3,503
5,752
9,562
8,213
2,736
7,970
9,607
6,214
5,322
6,844
17,197
Arkansas
Kentucky
Tennessee
_
Total Southern States
.Ohio
Indiana
Illinois
Michigan
Wisconsin _
_.
_
._
Minnesota
Iowa
Missouri
Total Middle Western States. _
North Dakota.
South Dakota
Nebraska
_ .
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
See note on p. 101.
274
189
5,867
21 087
72,668
69, 052
11 295
54,520
37, 056
76
368
435
413 6 258
228 4,290
1,014 12,038
1,423
16,459
4,585
27,068
12, 528
845, 995
276, 785
6,341
21, 374 102,003
46
6
99
29
403
1,499
1,915
25,051
3,862
9,415
21,114
1,521
1,466
2,491
3,289
6,460
610
1,153
19, 356
1,493
1,251
2,118
11
6,329
435
2,672
1,449
11,723
2,149
17
1,339
1,525
3,413
1,311
2,477
2,034
7,618
3
11,894
658, 847
129, 748
514, 537
294,031
190,907
227,978
70, 612
149, 243
87, 068
54, 313
89,105
28, 593
80,937
87,154
63,836
78,199
7,077
1,654
1,393
1,238
1,495
862
189
532
5,769
4,519
32, 505
853
3,994
1,739
11
3,622
4,002
68, 209
32,452
26,113
30, 275 2, 235,903
569, 205
14, 440
178
5
77
388
461
496
1
9
1,269
374
71
241
2,647
143
700
2,433
24
2,059
2,087
258
1,262
500
21
27
458
137
3,716
2
16
22
2,565
43
80
4,625
10
3,946
10,997
8,569
28,195
24, 565
21, 981
10, 637
68,470
4,685
35, 076
15, 792
12,949
35, 366
45,613
12,632
5, 731
7,742
1,906
19,111
48
36
753
377
34
91
495
20
212
1,925
8,692
8,466
11, 309
213,175
156,842
2,066
13,075 38,576
1,920
1,248
12,452
15
660
3
15
197
460
198,422
46
286
88
983
192
4,406
53
331
136, 079
70, 717
1, 556, 546
10,994
43, 511
5,172
13,957
9,409
7,597
38, 483
4,944
3,844
276
810
24
3
2,864
1
27
8
1,110 9,837
813 10, 530
13,803 114, 756
158 2,002
142 2,672
1,044
3,708
16,313
200,482
4,985 1,836,976
65,363
2,927
16,026 144, 549
1
20
629
3,045
9,765
3,823
33, 711
7,583
26, 973
714
11, 739
5,227
11,949
774
46
10
2,375
13,459
72, 090
29,629
830
2,378
25, 303 70,371
349,811 1,555,290 14, 588
275,698
54, 457 15, 534
9,795 7,932
5,706 81, 520
35,866
13, 356 1,527
3,355 11,936
951 9,093
7,984
116, 349
490,021 6,425
37,095
185,131 4,724
150,135 1,199,523 12,192
310,814 3,566
50, 302
168,167 7,476
54, 530
207, 893 3,618
46,045
157, 622 3,829
26,676
94, 725
508,360 6,704
108,965
62,915
244, 914
52,457
66,074
65, 340
53,436
71, 582
87,620 171, 392
575,857 3, 227, 531 48, 534
725,683
541
364
3,956
7,223
1,337
781
2,268
512
1,343
3,864
7,060
23,917
44,993
13, 380
6,913
15,053
7,137
35,159
157,476
21,557
30, 992
115, 037
146, 083
34,724
14,076
100, 485
13, 703
147, 267
1,855
2,695
7,215
3,894
1,821
1,045
4,068
640
8,103
6,018
6, 642
16, 633
28,306
7, 525
3,126
11,658
2,060
23,400
3,331 31,336
105,368
623,924 18,325
2,294 1,613
979
572
5,000 43,897
1,580
2,225 1,763
50
840
100
26,370
11,036
174, 795
3,520
7,808
695
2,860
108, 222
65,884
759,994
20,671
28, 615
5,982
21,348
582
Alaska
-The Territory of Hawaii
Puerto Rico
. _Philippines
Total possessions
Total United States and possessions
204
887
2,286
487
1,434
1,315
.. -
145
12
12 624
16,350
24, 221
10,572
37,797
30,979
43 70C
126,708
112,760
683
1,604
1,293
47C
2,080
781
3,762
1,500
5,300
11, 338 49, 575
1,423
1,179
9,820
879
552
15
10
36,411
21,407
52,615
12,272
9,738
3,546
7,466
227, 084 1,010,716 13,878
143, 455
c
130
130
_ _
92
1,059
38
600
890
9,705
3,348
12, 231
4,124
20,202
8,895
28,261
30
1,279
101
475
8,655
29
4,738
2,519
505
638
26,174
61,482
1,885
15, 343
7,791
1
322,461 541,273 2,695,052 14,870,376 155,794 2,006,715 66,438 486,152
54, 551
1,250
1,250
804
3,422
2,462
9
3
372, 521 111, 507 19, 083, 512 1,513,595
43,855
15, 440
19,639
9,753
10,183
12,932
7,227
11,848
53,012 130,877
10
51
705
444
203
25
92
11,545
3
1,226
4,926
2,685
6,134
6,439
2,109
5,140
835
9,082
865
389
275
1,529
75, 683 669, 944 671, 017
106
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of all active banks June 30, 1930 to 1934,
are shown in the following statement:
Assets and liabilities of all active banks on or about June 30, 1930-34
[In thousands of dollars]
1930 (24,079 1931 (22,071 1932 (19,163 1933 (14,624 1934 (15,894
banks)
banks)
banks)
banks 0
b a n k s ») 2
ASSETS
Loans and discounts (including rediscounts). 40, 460,670 35,164,850 28,074, 640 22,377, 371
49.438
45,650
15,213
Overdrafts
10,447
17,944, 728 20,060,153 18, 223, 241 17,930,663
Investments
1,810, 357 1,808, 254 1, 681, 989 1, 382,831
Banking house, furniture and fixtures
446,488
425,151
526, 750
Real estate owned other than banking house.
637,646
865, 970
884, 327
791,627
672, 556
Cash in vault
Reserve with Federal Reserve banks or
3,433,102
3,402,189
2,674,941
2, 761,945
other reserve agents
*
Due from banks
_. 3,994, 325 4,133, 720 2, 920,092 3, 230, 111
Exchanges for clearing house and other cash
981,057 1,100,173
items
__- 2,884, 635 1,946, 709
Other assets
_.-
Total..
2,151, 748
2. 316,809
1,355, 581
1,198,165
21,417,924
13,229
21,289,494
1,284,375
845,136
713,968
4,503,768
4,373,178
624,835
1,094,018
74,020,124
70, 209,149 57,245,131
51,301, 908 56,159,925
24,098,516
29,465, 361
213,722
4,337,120
21, 326, 210
29,159, 361
448,189
4,828,741
16,405, 579
24, 774, 389
424, 325
3,212,110
15, 258, 765
21,417, 811
860, 399
3,316,210
17,585,475
22,552,330
1, 736,683
4,371,660
1, 615, 277
117,199
1, 083,003
19, 240
565,866
8,000
653,269
27,016
353,112
25,781
69,847,195 66, 864,744
652,339
639, 304
665, 817
457,620
47, 678
312, 335
585,969
938,407
45,390,269
652,168
1, 248, 780
48, 613
528, 310
41,538,470
730, 435
503,883
26,799
441,813
LIABILITIES
Demand deposits
_.
Time deposits (including postal savings)....
United States deposits
Due to banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks outstanding
Deposits not classified 3
Total deposits..
National-bank circulation
Bills payable and rediscounts r
Agreements to repurchase securities sold
Acceptances executed for customers
Interest, taxes, and other expenses accrued
and unpaid
_
__
Other liabilities
Capital notes and debentures
Capital stock
_
Surplus
Undivided profits—net
Reserves for contingencies
Retirement fund for preferred stock, capital
notes and debenturesTotal.
21
46,625,041
188,050
14,928
296,699
122, 737
1,816,891
97,839
1,067,821
77,271
761, 219
76, 300
603,920
3,889,419
4, 968,999
1,154,804
• 268,276
4, 792,851
1,010,128
* 358,102
3,317,864
4,058,070
716, 598
« 445,969
2,899, 541
3, 371,321
646,246
468,180
73,906
410,258
322,461
3,236,325
3,174,691
643,442
475,181
74,020,124
70, 209,149
57,245,131
51,301,908
56,159,925
650
Licensed banks; i. e., those operating on an unrestricted basis.
Figures for 1934 revised since published in text edition of the report due to the fact that amended figures
were
3 subsequently obtained for private banks in the State of New York.
For banks other than national.
* Includes reserves for dividends.
REPORT OF THE COMPTROLLER OF THE CURRENCY
107
Principal items of assets and liabilities of all active banks in continental United
States as compared with similar data
for member banks of the Federal Reserve
System, on or about June 30, 1934 1
Member banks
All
Percent
Mutual
Private
active
to all
savings
banks:
banks:
reporting
banks:
Percent
236
banks
15,840
banks,
6,375
578 banks
to
all
(000
banks (0002 banks (000 reporting except
(000 3 omitted)
3
omitted)
omitted)
omitted)
banks 2 mutual
savings
and
private 2
Items
Loans 4
Investments
Cash
Capital*
Surplus and undivided profits
Total deposits.
Aggregate assets
6
$21,277,537
21,224,317
688, 513
3,530, 724
4,269,387
46,400,695
_.. 55,835,621
$12,522,080
14, 651,859
472, 643
2, 652,182
2, 452, 742
31, 012, 367
37,384, 811
58.86
69.03
68.65
75.12
57.44
66.84
66.96
80.81 $5, 647, 310
87.69 4, 256, 662
74.68
53, 332
76.95
28,700
82.43 1,234,490
85. 54 9, 780,099
84.51 11,065,068
$132,482
259,297
2,316
55,607
59,494
367,721
532,672
1
Figures for 1934 revised since published in text edition of the report due to the fact that amended figures
were
subsequently obtained for private banks in the State of New York.
2
Exclusive of banks in Alaska and insular possessions.
34 Included in all reporting banks in column 1.
Including overdrafts.
8
Includes capital notes and debentures.
e Including reserves.
Per capita demand and time and savings deposits in all active
licensed banks
Statement showing the population, amount of demand and time
deposits, amount of savings deposits, and per capita savings deposits
reported by all active banks in each State, the District of Columbia,
Alaska, and insular possessions, follows:
Per capita demand and time and savings deposits in all active banks June
Location
Maine
New HampshireVermont
Massachusetts
Rhode Island
Connecticut
Total New England States.
New York
New Jersey
Pennsylvania
Delaware
.-_
Maryland
District of Columbia.
Total Eastern States
Population
(approximate)
804,000
470,000
361,000
4,335,000
705,000
1,655,000
Demand
and time
deposits
(000
omitted) 2
Per capita demand
and time
deposits
$282,116
246, 713
167,005
3, 349,045
435,351
1,074,576
$350. 89
524. 92
462. 62
772. 56
617. 52
649. 29
5,554,806
Savings
deposits
(000
omitted) a
30,1934l
Per capita savings
deposits
$227,304
212,240
147,220
2,462, 995
336,401
846,980
$282.72
451.57
407.81
568.16
477.16
511.77
666.84
4,233,140
508.18
13,059,000
4,231,000
9,826,000
242,000
1,671,000
497,000
13,131,461 1,005.55
1,633,954
386.19
3,655,469
372.02
524. 24
126,866
346. 39
578,812
428.44
212,937
6,633,432
1,048,853
1,873,951
61,930
356,243
87,595
507.96
247.90
190.71
255.91
213.19
176.25
29,526,000
19,339,499
10,062,004
340.78
8,330,000
655.00
1 Revised since published in text edition of the report due to the fact that amended figures were subsequently
obtained for private banks in the State of New York.
2
Includes postal savings, Christmas savings, and other savings reported in column 4.
3
Represents deposits evidenced by savings pass books and time certificates of deposit. (Does not include postal savings or Christmas savings accounts, etc.)
108
REPORT OF THE COMPTROLLER OF THE CURRENCY
Per capita demand and time and savings deposits in all active banks June 80, 1934—
Continued
Population
(approximate)
Location
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida.
Alabama
Mississippi
Louisiana
_
Texas
Arkansas
Kentucky
Tennessee
...
2,446,000
1,786,000
3,301,000
1,750,000
2,911,000
1, 575,000
2,710,000
2,057,000
2,166,000
6,073,000
1,876,000
2,657,000
2,676,000
_
_
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 Pacific States
Alaska
The Territory of Hawaii
Puerto Rico
Philippines
_
Total possessions
371,391
213,934
197,350
77,523
235, 547
176,429
160,357
117,571
214, 937
750,666
97,093
280,037
267,302
Per capita demand
and time
deposits
Savings
deposits
(000
omitted)
151.84
119. 78
59.78
44.30
80.92
112. 02
59.17
57.16
99.23
123.61
51.76
105.40
202,199
91,137
63,289
20,436
92, 752
45,916
63, 397
47,954
72, 614
157,408
32,382
127,188
106,108
Per capita savings
deposits
82.67
51.03
19.17
11.68
31.86
29.15
23.39
23.31
33.52
25.92
17.26
47.87
39.65
33,984,000
3,160,137
92.99
1,122, 780
33.04
6,836,000
3,304,000
7,876,000
5,093,000
3,005,000
2,602,000
2,485,000
3, 678,000
1,447,438
466,770
2,128,458
745, 730
546,407
621,499
361,396
848,538
211. 74
141. 27
270.25
146.42
181.83
238.85
145.43
230. 71
745,915
184,061
603,642
322,624
271,844
315,132
134,448
227,442
109.12
55.71
76.64
63.35
90.46
121.11
54.10
61.84
34,879,000
7,166,236
205. 46
2,805,108
80.42
56,959
65,788
212,143
281, 331
90, 942
41,247
207,649
28,974
269,877
82.79
93.32
152.07
147. 68
169.16
177. 79
196. 64
66.30
109.04
26, 789
21, 518
63, 561
70,178
34,613
16,368
76,212
6,591
54,187
38.94
30.52
45.56
36.84
64.38
70.55
72.17
15.08
21.89
9,430,606
1,254,910
133. 07
370, 017
19.24
1,608,000
990,000
6,158,000
448,000
520,000
94,000
457,000
304,824
179,838
2, 764,161
52,035
90,508
16,126
48,308
189. 57
181.65
448. 87
116.15
174. 05
171. 55
105. 71
145,488
78, 314
1, 595,029
15,938
47,355
5,448
14, 767
90.48
79.11
259.02
35.58
91.07
57.96
32.31
10,275,000
3, 455,800
688,000
705,000
1,395,000
1, 905,000
* 537, 606
232,000
1,056,000
437,000
2,475,000
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
_
Demand
and time
deposits
(000
omitted)
336. 33
1,902,339
185.14
61,000
415,000
1, 645,100
12,927,400
10,409
76,886
30,154
170. 64
185. 27
18.33
4,537
45,450
12,810
38,922
74.38
109. 52
7.79
3.01
15,048, 500
206,417
13.72
101,719
6.76
141,473,106
40,137,805
283.71
20,597,107
145.59
Total United States and
* Population Apr. 1,1930.
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about June 30,1934 *
[Deposits in thousands of dollars]
Total all active banks
Deposits
evidenced Time cerof
by savings tificates
deposit
passbooks
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
._
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
_
_.
Total Eastern States
Virginia—
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
_
__
_
Total Southern States.
National banks
Total
savings
deposits 2
Depositors 3
Deposits
Total
evidenced Time cer-of savings
2
by savings tificates
deposit
deposits
passbooks
All banks other than national
Depositors 3
Deposits
Total
evidenced Time cerof savings2
by savings tificates
deposit
deposits
passbooks
225,977
210, 532
146, 580
2,425, 730
326, 060
822, 675
1,327
1,708
640
37,265
10,341
24,305
227,304
212, 240
147, 220
2, 462,995
336,401
846, 980
507,366
361,329
320,402
3,770,463
392,106
1,389, 249
62,180
16, 802
26,925
240, 296
12, 519
75,925
644
1,702
319
29, 022
5,990
9,392
62,824
18, 504
27,244
269,318
18, 509
85, 317
131, 646
50, 797
70,123
600, 295
15,607
186, 608
163, 797
193, 730
119,655
2,185,434
313, 541
746, 750
321
8,243
4,351
14, 913
164,480
375, 720
193, 736
310, 532
250,279
119,976
2,193, 677 3,170,168
317,892
376,499
761, 663 1, 202,641
4,157, 554
75,586
4,233,140
6,740,915
434,647
47,069
481,716
1, 055, 076
3,722,907
28, 517
3, 751,424 5,685,839
6, 487, 717
1, 029, 522
1, 717, 636
61,192
339,854
85,898
145, 715
19, 331
156, 315
738
16,389
1,697
9, 655,891
2,305,445
3,470, 212
107,821
756, 453
221,830
612,879
324,030
723, 062
8,055
79,162
41,135
63,928
4,248
90, 520
273
3,231
1,209
676,807
328, 278
813, 582
8,328
82, 393
42,344
1,658, 343
787,107
1, 581, 278
10, 705
123, 848
5,874,838
705,492
994, 574
53,137
260,692
44, 763
81, 787
15, 083
65, 795
465
13,158
5,956,625 7,997, 548
720, 575 1, 518,338
1, 060, 369 1,888,934
53, 602
97,116
273,850
632,605
45, 251
132,132
9, 721,819
340,185
10, 062, 004 16, 517, 652
1, 788, 323
163, 409 1, 951, 732 4, 250,979
7,933,496
176, 776
8,110, 272 12, 266, 673
165,803
72, 510
41,992
17, 527
73,210
44,947
55, 335
28,874
56, 956
126,034
21,087
72,668
69, 052
36, 396
18, 627
21, 297
2,909
19, 542
969
8,062
19,080
15,658
31, 374
11,295
54,520
37,056
202,199
91,137
63, 289
20, 436
92,752
45,916
63,397
47,954
72, 614
157,408
32,382
127,188
106,108
440, 669
233,313
170, 024
65, 752
336,180
167,255
251,417
89,995
266, 280
318, 380
56,407
212,127
270,887
104, 399
37, 283
11,925
6,915
53, 565
33, 370
40, 238
14, 033
40, 553
120,019
13,631
38,412
52, 253
18, 782
8,227
6,698
783
7,773
343
5,065
4,294
5,241
18,739
6,014
17,220
18, 704
123,181
45, 510
18, 623
7,698
61, 338
33,713
45, 303
18, 327
45, 794
138, 758
19, 645
55, 632
70, 957
232, 275
109,730
53,819
30, 578
240,458
126,334
118,996
34, 501
212,976
286, 562
34, 305
87, 059
217,192
61,404
35, 227
30,067
10, 612
19,645
11, 577
15,097
14,841
16,403
6,015
7,456
34, 256
16, 799
17, 614
10,400
14,599
2,126
11, 769
626
2,997
14,786
10,417
12,635
5,281
37,300
18,352
79, 018
45,627
44, 666
12, 738
31,414
12,203
18,094
29, 627
26,820
18, 650
12, 737
71, 556
35,151
208, 394
123, 583
116, 205
35,174
95,722
40,921
132,421
55,494
53,304
31,818
22,102
125,068
53, 695
845,995
276, 785
1,122,780
2, 878,686
566, 596
117,883
684,479
1, 784, 785
279, 399
158,902
438, 301
1,093,901
i Revised since published in text edition of the report due to the fact that amended figures were subsequently obtained for private banks in the State of New York.
* Excludes postal savings and Christmas savings accounts, etc.
3 Represents number of savings passbook accounts.
Depositors 3
O
Q
O
o
H
W
Q
d
S
o
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about
June 80, 1984—Continued
[Deposits in thousands of dollars]
Total all active banks
Location
Deposits
evidenced Time cerof
by savings tificates
deposit
passbooks
658, 847
Ohio
129, 748
Indiana
514, 537
Illinois
294,031
Michigan __
190,907
Wisconsin.
227,978
Minnesota.
70, 612
Iowa
149, 243
Missouri. _.
Total Middle Western States. _ 2,235,903
10,997
North Dakota..
__
8,569
South Dakota
28,195
Nebraska
24,565
Kansas
_
21,981
Montana..
10,637
Wyoming....
68,470
Colorado
4.685
New Mexico
35,076
Oklahoma
213,175
Total Western States.
136,079
Washington
70, 717
Oregon
,556, 546
California
10,994
Idaho.43, 511
Utah
5,172
Nevada
13,957
Arizona
Total Pacific States
— . 1,836,976
3.823
Alaska
33,711
The Territory of Hawaii7,583
Puerto Rico
26,973
Philippines
72,090
Total possessions__
Total United States and pos19,083, 512
sessions
87,068
54, 313
89,105
28,593
80,937
87,154
63,836
78,199
569, 205
15, 792
12,949
35, 366
45,613
12, 632
5,731
7,742
1,906
19,111
Total
savings
deposits
National banks
Depositors
745,915 1,855,144
184,061 I 488,792
603,642 1,970, 267
322,624
956,876
271,844
889,162
315,132
739,201
134,448
312,953
227, 442
626,166
2,805,108 | 7,838,561
26,789
49.303
21,518
49,471
63, 561
146,484
70,178
163,569
34,613
58,000
16,368
33,851
76, 212
190,562
6,591
16,391
54,187
127,287
Deposits | T i m e e e r .
passbooks
201,789
55, 060
327,098
129, 778
101,918
136,150
26,865
66, 525
1,045,183
9,591
6,219
24, 201
19.061
13,390
7,709
56, 665
3,659
32, 944
de
P°
slt
41,572
18, 258
44, 221
7,969
23,914
40, 433
16,197
16. 575
Total
savings
deposits
243, 361
73, 318
371,319
137,747
125,832
176, 583
43, 062
83,100
209,139 1, 254, 322
10,065
6,365
18,067
17,037
7,468
3,192
5,809
1,559
13, 720
19,656
12, 584
42, 268
36,098
20,858
10,901
62,474
5,218
46,664
All banks other than national
Depositors
565,831
175, 456
1,126, 061
393, 734
369, 798
477, 736
128,358
238,119
Deposits
evidenced Time cerof
by savings tificates
passbooks deposit
457,058
74,688
187, 439
164, 253
91,828
43, 747
82, 718
45,496
36,055
44,884
20, 624
57, 023
46, 721
47,639
61,624
1,190, 720
360, 066
38, 247
27, 523
116, 568
97,143
33, 973
23. 551
148,949
12,198
113,071
1,406
2,350
3,994
5,504
8,591
2,928
11,805
1,026
2,132
5,727
6,584
17, 299
28, 576
5,164
2,539
1,933
347
5,391
3,475,093
156,842
370,017
834,918
173, 439
83, 282
256, 721
611,223
39, 736
73, 560
9,409
7,597
38,483
4,944
3,844
276
810
145,488
78,314
1, 595,029
15,938
47, 355
5,448
14,767
378,662
245,403
2,849,497
42,350
156.158
10,169
36,945
59, 215
60,141
904, 624
5,376
14.751
4,565
3,423
6,029
6,032
38, 483
1,742
1,332
59
218
65, 244
66,173
943,107
7,118
16,083
4,624
3,641
184, 701
189, 574
1,850, 210
16, 219
48, 691
7,439
12, 241
76,864
10, 576
651,922
5,618
28, 760
607
10, 534
3,380
1,565
65, 363
1,902,339
3,719,184
1,052.095
2,309,075
784,881
11,468
7,061
153,041
31,964
441,718
1,283
12,581
163
3,658
1,446
16,239
2,561
54,857
2,540
21,130
7,583
26,973
551
8,081
5,227
11,949
633,784
13, 864
3,821
17, 685
57,418
58, 226
678,498 5, 752, 645
13,543, 649
14,009,365
714
11, 739
5,227
11,949
29, 629
1, 513,595
4, 537
45,450
12,810
38,922
101, 719
20, 597.107 39,163.700 5,074,147
53,895 1,105,990
3.202
2,512
217
592
25,808
Total
savings
deposits
Depositors
502, 554 1, 289, 313
110, 743
313,336
232,323
844, 206
184,877
563,142
146,012
519, 364
138,549
261,465
91,386
184,595
144, 342
388, 047
1, 550, 786 4,363,468
7,133
11,056
8,934
21,948
21, 293
29,916
34,080
66,426
24,027
13, 755
10,300
5,467
41,
613
13,738
4,193
1,373
14,
216
7,523
113, 296
223,695
193, 961
80, 244
12,141
55,829
651 922
999,287
8,820
26,131
31,272
107,467
2,730
824
11,126
24,704
796,349 1,410,109
3,091
4,500
29, 211
98,184
12,810
31,964
38,922
441, 718
84,034
576,366
835,097 14,844,462 25,620,051
Deposits
Total
evidenced Time cerof savings !
by savings tificates
deposit
deposits
passbooks
Location
Maine . _
New TTa/mpshire
Vermont _
Massachusetts
Rhode Island Connecticut
Depositors 2
Deposits T i m e cer- Total
evidenced tificates of savings
b y savings deposit deposits i
passbooks
.
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.
45,447
10,916
44, 331
140, 347
143,998
85,334
683
6
257
8,243
4,351
14,818
46,130
10,922
44, 588
148, 590
148, 349
100,152
Depositors 2
470,373
28,358
498, 731 1,073,429
9,605
6,542
9,061
195
1,195
158.319
28,511
129,052
7,744
38, 364
434, 651
71, 540
327,461
11,348
* 149, 673
585, 209
347,833
359,184
16,850
28, 505
35,649
69,935
8,405
54,512
270
11,963
445
655,144 1, 096, 725
356, 238
917, 734
413, 696
900,896
17,120
36,568
40,468 * 139,183
36,094
84, 660
335,392
26, 598
361.990
994, 673
1,373, 230
61,404
35,227
30,067
10, 612
19,634
7,751
12,796
14,841
16,403
4,569
7,430
34,256
16, 799
17,614
10,400
14, 599
1,944
11,682
477
2,986
14, 786
10,417
11, 503
5,281
37,300
18, 352
79,018
45, 627
44, 666
12, 556
31,316
8,228
15, 782
29, 627
26, 820
16,072
12, 711
71, 556
35,151
208,394
123, 583
3 116,205
3 35,174
95, 676
3 26, 250
86,000
55, 494
3 53, 304
29,378
22,035
125,068
3 53, 695
271,789
157,341
429,130
1,030,256
Deposits
Total
evidenced Time cerof savings Depositors 2
by savings tificates
deposits
i
deposit
passbooks
146,310
29, 686
134,162
3 335,711
188, 411
239,149
148,714
21,969
119,991
7,549
37,169
i Excludes postal savings and Christmas savings accounts, etc.
& Represents number of savings passbook accounts.
Stock savings banks
Loan and trust companies
State (commercial) banks
145, 530 1, 518, 760 3,175, 766
§
W
26,828
26,828
40,158
9,114
43
9,157
47,472
35, 942
43
35,985
87, 630
2,246
11
2,257
46,281
o
o
|
3,189
149 J
3.338
3 10,800
W
d
3,189
149
3,338
10,800
2,246
s Estimated.
< As of Dec. 30. 1933
11
2,257
46,281
I
o
Kj
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about
June SO, 1934—Continued
[Deposits in thousands of dollars]
State (commercial) banks
Loan and trust companies
Location
Deposits
evidenced Time cer-
of
b y savings tificates
deposit
passbooks
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
Puerto Rico
Philippines
Total possessions
Total United States and possessions..
3
Estimated.
Total
savings
deposits
Depositors
348,110
18, 241
187,439
150,115
83,516
31,174
7,901
18,326
44,377
23,243
44,884
19,587
56,692
46,611
21, 502
30, 728
392,487
41,484
232,323
169. 702
140,208
77, 785
29,403
49,054
1,124,621
108,464
844,206
539,987
491,466
165,443
3 33,301
3 85,952
844,822
1,132,446
3, 393, 440
1,993
2,950
5,455
8,591
2,928
11,805
1,026
2,132
287, 624
5,630
6,206
17,299
27,906
5,164
2,539
1,933
347
5,391
6,622
8,199
20, 249
33,361
13,755
5,467
13, 738
1,373
7,523
10,434
318, 614
26,403
66,051
3 24,027
10, 300
41, 613
3 4,193
14, 216
37,872
72,415
3,380
1,565
110,287
31,075
12,070
215,851
27, 695
10, 505
5,618
14, 269
607
6,457
8,820
16,633
824
6,872
65,151
3,202
2,364
217
415
11,143
76,294
26,131
55, 205
2,730
15,000
249,456
2,540
20,189
7,583
26, r 73
551
6,960
5,227
11,949
3,091
27,149
12,810
38,922
4,500
97, 091
31,964
441, 718
Deposits
Total
evidenced Time cerof savings
b y savings tificates
deposit
deposits
passbooks
Stock savings banks
Depositors
Deposits
Total
evidenced Time cerof savings
by savings tificates
deposit
deposits
passbooks
38,199
II, 578
49, 777
174,879
1,253
497
1,357
64,392
331
110
175
30,896
43,090
1,584
607
1,532
95, 288
148, 788
7,248
410
3
5,728
302,095
97
378
511
735
490,360
622
3 3,334
34
638
672
3 309
805
1,113
1,918
4,265
1,050
74
1,124
8,297
13, 441
74
4,077
581,867
668,587
105, 698
414
357
3
Depositors
13,194
250
13,444
34,294
25,119
59,413
47,488
25,369
72,857
163,161
1,044
1,044
3,513
1,044
1,044
3,513
564, 349
928, 792
13, 515
43,965
177
251
4,254
582,118
9,704
982,461
25,674
694,261
1,283,046
18,613
3
144,548
94,827
55, 563
564,349
1,050
74
1,124
8,297
941
1,121
2,062
1,093
1,121
2.062
1,093
57,285
24, 687
81,972
575, 273
941
1,612,311
579,808
2,192,119
6,458,949
1,955, 286
219,435 2,174, 721 4, 764, 010
Mutual savings banks
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode
Island
Connecticut
Deposits
Total
evidenced Time cer- savings
l
by savings oftificates
deposit
deposits
passbooks
_
. . .
Total New England States
New York
_
_
New
Jersey
Pennsylvania
Delaware .—
.
. .
Maryland
District of Columbia
Total Eastern States
Virginia
__
West VirginiaNorth Carolina
South Carolina - ._
Georgia..
Florida. Alabama
Mississippi
Louisiana
Texas
Arkansas
__
_ ._
Kentucky Tennessee . .
Total Southern States
1
118,350
182,814
75,324
2,045,087
169,543
661,173
3, 252,291
5,139, 593
308,860
512,109
28,738
195,018
6,184, 318
Deposits
evidenced Time cerby savings oftificates
passbooks deposit
Depositors 2
Total
Deposisavings
tors 2
deposits i
Deposits
evidenced Time cerof
by savings tificates
passbooks deposit
Total
savings
deposits i
683
6
321
8,243
4,351
14,913
164,480
193,736
119,976
2,193,677
317,892
761,663
375,720
310,532
250,279
3,170,168
376,499
1,202, 641
Depositors2
64
118,350
182,814
75,388
2,045,087
169,543
661,173
229,410
280,846
116,117
2,834,457
188,088
962,665
243
95
338
827
163,797
193,730
119,655
2,185,434
313,541
746, 750
64
3,252,355
4,611, 583
243
95
338
827
3, 722,907
28, 517
3,751,424
5,685,839
5,139, 593
308,996
512,109
28,738
195,018
6,463,196
488,867
644,922
49,200
3 343, 749
1,322
2
3,290
2,247
3,569
2
5,512
2,976
39
15,655
5,874,838
705,492
994, 574
53,137
260, 692
44, 763
81,787
15,083
65, 795
465
13,158
488
5,956,625
720, 575
1,060,369
53,602
273,850
45,251
7,997, 548
1, 518, 338
1,888,934
97,116
632,605
132,132
6,184,454
7,989,934
4,614
7,933,496
176,776
8,110, 272
12, 266,673
61,404
35,227
30,067
10,612
19, 645
11,577
15,097
14,841
16,403
6,015
7,456
34, 256
16, 799
17,614
10,400
14,599
2,126
11, 769
626
2,997
14, 786
10, 417
12, 635
5,281
37,300
18,352
79,018
45, 627
44,666
12, 738
31,414
12,203
18,094
29, 627
26,820
18,650
12, 737
71, 556
35,151
208,394
123, 583
116,205
35,174
95, 722
40, 921
132,421
55, 494
53, 304
31,818
22,102
125,068
53, 695
279,399
158,902
438, 301
1,093,901
136"
136
Excludes Postal Savings and Christmas savings accounts, ttt*
Total all banks other than national
Private banks
11
637
55
—
2
2,222
4,469
182
87
9,083
18, 670
182
98
637
55
46
3,871
140
1,446
26
1,132
2,578
26
2,440
67
2,175
1,401
3,576
6,564
Represents number of savings passbook accounts.
3 As of Dec. 30, 1933.
W
fef
o
o
S
I
(-3
w
o
CO
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about
June SO, 1934—Continued
[Deposits in thousands of dollars]
Location
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
Puerto Rico
Philippines
Total possessions.,.
Total United States and possessions
Deposits
Total
savings
deposits
cerevidenced Time
tificates
b y savings of deposit
passbooks
108,389
17,864
283
61
4,220
60,157
190, 630
344
Deposits
cer- Total
evidenced Time
tificates
savings
by savings of
deposit deposits
passbooks
Depositors
108,672
17,925
161,948
27,489
4,220
60,157
20,650
95, 612
190,974
Total all banks other than national
Private banks
Mutual savings banks
305,699
49,169
71
87,573
99,134
266
70,495
136,813
136,813
169,895
Time certificates of
deposit
457,058
74,688
187,439
164,253
88,989
91,828
43, 747
82, 718
45,496
36,055
44,884
20,624
57,023
46, 721
47,639
61,624
502,554
110,743
232,323
184,877
146,012
138,549
91,386
144,342
1,190, 720
360,066
1,406
2,350
3,994
5,504
8,591
2,928
11,805
1,026
2,132
5,727
6,584
17, 299
28,576
5,164
2,539
1,933
347
5,391
1,550,786
7,133
8,934
21,293
34,080
13,755
5,467
13, 738
1,373
7,523
39, 736
76,864
10,576
651,922
5,618
28, 760
607
10, 534
73,560
559
384
836
1,173
1,395
1,557
2,744
2,504
944
787
1,731
4,542
195
843
1,038
1,018
2,082
3,639
5,721
10,808
15
32
47
66
15
32
47
66
I
i
9,764,052
544
9, 764,596
13,077, 111
9,129
9,636
18,765
Total
savings
deposits
evidenced
by savings
passbooks
j
49 169
71
87 573
Deposits
Depositors
36,935
Depositors
1,289,313
313,336
844,206
563,142
519,364
261,465
184, 595
388,047
4,363,468
11,056
21,948
29,916
66,426
24,027
10,300
41, 613
4,193
14, 216
223, 695
3,202
2,512
217
592
113,296
80,244
12,141
651,922
8,820
31,272
824
11,126
193,961
55,829
999,287
26,131
107,467
2,730
24,704
784,881
11,468
796,349
1,410,109
2,540
21,130
7,583
26,973
551
8,081
5,227
11, 949
3,091
29,211
12,810
38,922
4,500
98,184
31,964
441, 718
3,380
1,565
58, 226
25,808
84,034
576,366
14,009,365
835,097
14,844,462
25,620,051
REPORT OF THE COMPTROLLER OF THE CURRENCY
115
National Banks
The assets and liabilities of all active national banks June 30
1930 to 1934, are shown in the following statement:
Assets and liabilities of all active national banks on or about June 30, 1930-84
[In thousands of dollars]
1930 (7,252 1931 (6,805 1932 (6,150 1933 (4,902 1934 (5,422
banks) i
banks)
banks)
banks)
ASSETS
Loans and discounts (including rediscounts)
Overdrafts
Investments
Banking house, furniture, and fixtures
Real estate owned other than banking houseCash in vault
Reserve with Federal Reserve banks or
other reserve agents.
_
_
Due from banks
_
Exchanges for clearing house and other cash
items
_
Other assets
Total..
14,887,752
9,452
6,888,171
787, 750
124,584
342,507
13,177,485
7,790
7,674,837
795,866
125, 681
10,281,676
4,701
7,196,652
760,057
143, 585
338,404
8,116,972
2,800
7,371,631
641,694
132,187
288,478
7,694,749
2,994
9,348,553
655,819
151,970
352,402
1,421, 676
2, 353, 669
1,418,096
2,354,145
1,150, 575
1, 569, 723
1,412,127
1,935,922
2, 497,400
2,535,218
1, 297,487
1,003,491
854,365
865,844
427,159
495,179
482,419
476, 261
311,945
350,542
29,116,539
27, 642,698
22,367,711
20,860,491
23,901,592
10,926,201
8, 752,571
171,964
2, 679,821
10,105,885
8,579, 590
235,226
2, 746,412
7,940,653
7, 265, 640
213, 287
1,800,217
7,894,127
6, 216, 917
449,661
1,969,891
9,280,929
6,891,128
889,678
2,684,015
241,116
243,519
LIABILITIES
Demand deposits
Time deposits (including postal savings)
United States deposits
Due to banks
Certified and cashiers' checks and cash letters of credit and travelers' checks outstanding
738,327
National-bank circulation__
Bills payable and rediscounts
Agreements to repurchase securities sold
Acceptances executed for customers._
Interest, taxes, and other expenses accured
and unpaid
Other liabilities....
Capital stock
Surplus
Undivided profits—net
Reserves for contingencies
Retirement fund for preferred stock
Total..
1
2
531,127
, , f i
1 otal deposits
652, 339
229,033
8,173
511,007
79,129
391,826
1,743,974
1,591,339
545, 873
2 94, 962
29,116, 539
17. m, 918 16,771H5
639, 304
153, 533
10, 266
442,235
652,168
506,890
39, 535
279, 220
62,881
49,439
99,698
1, 568, 983
1, 687,663
1, 493,876 ' 1,259,425^
302,521
443,592
2 148,919
2130,599
27,642,698
22, 367, 711
730,435
117,855
9,223
229,304
41,617
101,388
1, 515,647
940, 598"
235, 600
164, 709
20,860,491
186,910
19,982,660
698,293
15,679
4,399
133, 221
41, 741
74,566
1,737,827
854,057
257,311
151,267
571
23,901,592
Licensed banks, i.e., those operating on an unrestricted basis.
Includes reserves for dividends.
Banks other than National
Through the cooperation and courtesy of officials of banking departments of the various States, Alaska, and insular possessions, the comptroller is enabled to present in this report, as required by section 333,
United States Revised Statutes, statistics in relation to each class of
active banks other than national.
Officials of State banking departments and number of each class of active banks under their supervision in June 19$4t from which reports of
condition were received l
Banks
Private banks
Location
Maine. _
New Hampshire
_.
Vermont
. _
_.
Massachusetts
_
Rhode Island
_
Connecticut
Total New England States
New York
New Jersey
..
Pennsylvania
Delaware
.
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
_
South Carolina_._
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States-
Names of officials
Thomas A. Cooper
Willard D Rand
Geo. H. V. Allen.. . .
Arthur L. Guy
Latimer W. Ballou
Walter Perry
Joseph A. Broderick
William H. Kelly
William D. Gordon
Harold W. Horsey
John J Ghingher
Titles
and
State Loan
trust
Stock
(comcommercial) panies savings
Bank commissioner _.
do
Commissioner of banking and insurance
Commissioner of banks
Bank commissioner
State bank commissioner
Superintendent of banks
Commissioner of banking and insurance
Secretary of banking
State bank commissioner
do
Commissioner of insurance and banking
M. E. Bristow
Commissioner of banking. _
George Ward
Commissioner of banks
Gurney P. Hood
Chief bank examiner
Thomas H. Daniel
Superintendent of banks
R. E. Gormley
Comptroller, State of Florida
J M Lee
Superintendent of banks
J.H.Williams
do
JJ. S.
S Brock.
Love
State bank commissioner
Commissioner,
department of banking
E.
C. Brand
Marion
Wasson. . . _ . Commissioner, State banking departmentBanking and securities commissioner
James R. Dorman__
Superintendent of banks
D. D. Robertson
Mutual
savings
Under
State
supervision
Not
under
State
supervision
Total
63
61
53
271
23
147
30
13
34
78
14
69
33
48
19
193
9
73
5
238
375
5
171
29
167
6
97
135
132
206
25
20
5
138
25
8
2
13
18
2
27
6
7
463
189
414
33
130
12
470
523
8
186
47
7
1,241
196
103
172
107
226
85
144
189
119
468
175
346
258
2,588
1
1
17
2
618
1
42
3
1
33
4
17
2
1
83
196
103
172
108
268
105
147
189
119
501
179
346
258
2,691
g
os
o
co
co
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
I. J Fulton
. ..Richard A. McKinley
Edward J. Barrett
R. E. Reichert
Peter A. Cleary
Elmer A. Benson
D W Bates
.- 0. H. Moberly
__
..
Superintendent of banks
_ _
Director,department of financial institutions.
Auditor of public accounts
Commissioner, State banking department._.
Chairman, State banking department
Commissioner of banks
Superintendent, department of banking
Commissioner of finance
Total Middle Western States
Adam A. Lefor
F R. Strain
E H Luikart
H W Koeneke
Frank H Johnson
A. E. Wilde—
Grant McFerson
John Bingham
W. J. Barnett
North Dakota
South Dakota
co Nebraska
Kansas
Mlontana
Wyoming
Colorado
New M!exico
Oklahoma
State bank examiner
Superintendent of banks
Superintendent, department of banking
Bank commissioner
_ ._ _
Superintendent of banks
State examiner- _
State bank commissioner..
State bank examiner
Bank commissioner
Total Western States
Washington
Oregon
California Idaho
Utah
Nevada
Arizona
Howard H Hansen
A. A. Schramm
Friend Wm. Richardson
Ben Diefendorf
J A. Malia
E J Seaborn
Y. C. White
-
Supervisor of banking
Superintendent of banks
do -.
Commissioner of finance
State bank commissioner
State bank examiner
Superintendent of banks
Total Pacific States
Alaska
The Territory of Hawaii
Puerto Rico
Philippines
W G Smith
E. S. Smith
...
Total possessions
Total United States and
possessions
Secretary, Territorial banking board
Bank examiner
Treasurer
Insular treasurer
_.
420
289
597
306
489
472
200
550
3
5
73
---
16
33
"
27"
3
1
10
7
5
61
282
3,323
169
285
138
143
296
542
77
37
82
19
198
2
5
14
1
12
50
41
2
2
12
1,532
19
2
129
50
123
39
42
4
7
3
1
13
16
394
20
11
5
14
11
8
41
8
8,348
994
3
o
140
148
298
556
77
37
82
19
198
H
o
135
52
153
39
46
4
9
5
438
o
11
13
14
11
W
49
a
578
105
131
10, 472
i The statement includes also 131 private banks in 9 States not under State supervision but which, under the provisions of section 21 (a) of the Banking Act
J. of 1933, were required
ake and publish reports of condition in the same manner as provided by law for national banks.
O
3
1
1
1
316
3,880
1,555
2
2
19
400
597
349
502
480
501
612
to
H
w
pi
a
118
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of all active banks other than national
June 30, 1930 to 1934, are shown in the following statement:
Assets and liabilities of all active banks other than national on or about June 30,1930-84
[In thousands of dollars]
1934 (10,472
1930 (16,827 1931 (15,266 1932 (13,013 1933 (9,722
banks) 1 b a n k s ) » 2
banks)
banks)
banks)
ASSETS
Loans and discounts (including rediscounts).
Overdrafts
Investments—
Banking house, furniture and fixtures
Real estate owned other than banking house.
Cash in vault
Reserve with Federal Reserve banks or
other Reserve agents
__
Due from banks
Exchanges for clearing house and other cash
items
__
_
Other assets
TotaL.
25, 572,918
39,986
11,056, 557
1,022, 607
300,567
523,463
21,987,365
37,860
12,385,316
1,012,388
320,807
515, 738
17,792,964
10,512
11,026,589
921,932
383,165
453,223
14,260,399
7,647
10, 559,032
741,137
505,459
384,078
13,723,175
10, 235
11,940,941
628,556
693,166
361,566
2,011,426
1,640,656
1,984,093
1, 779,575
1,524,366
1,350,369
1,349,818
1,294,189
2,006,368
1,837,960
1, 587,148
1,148, 257
1,092,344
1, 450,965
553,898
860,402
617,754
721,904
312,890
743, 476
44,903,585
42, 566,451
34,877,420
30,441,417
32,258,333
13,172,315
20,712,790
41,758
1,657,299
11, 220,325
20,579,771
212,963
2,082,329
8,464,926
17,508,749
211,038
1,411,893
7,364,638
15,200,894
410, 738
1,346,319
8,304,546
15,661,202
847,005
1,687, 645
876, 950
117,199
551,876
19,240
324,750
8,000
409. 750
27,016
166, 202
25,781
LIABILITIES
Demand deposits
Time deposits (including postal savings)—.
United States deposits
Due to banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks
outstanding
Deposits not classified
Total deposits
Bills payable and rediscounts
Agreements to repurchase securities sold
Acceptances executed for customers
Interest, taxes, and other expenses accrued
and unpaid..
Other liabilities
Capital notes and debentures
Capital stock
_
Surplus
Undivided profits, net
Reserves for contingencies
Retirement fund for preferred stock, capital
notes and debentures
Total—.
1
2
86,578,311 34,666,504
436, 784
39, 505
74,962
1,425,065
2,145,445
3, 377, 660
608,931
3 173,314
'
27,929,856 24,759,355
304,087
302, 069
496,172
741,890
9,078
249,090
386,028
17,576 I
212,509
34,958
687,312
27,832
661,521
34,683 i
502,532
1,982,335
3,298,975
566, 536
3 227, 503
1, 748,881
2, 798,645
414,077
3 297,050
1,383,894
2,430,723
410,646
303,471
26, 692,381
172, 371
10,529
163,478
32,165
335,692
322,461
1,498,498
2,320,634
386,131
323,914
79
44,903, 585
42,566,451
34,877,420
30,441, 417
32,258,333
Licensed banks; i. e., those operating on an unrestricted basis.
Figures for 1934 revised since published in text edition of the report due to the fact that amended figures
were subsequently obtained for private banks in the State of New York.
s Includes reserves for dividends.
REPORT OF THE COMPTROLLER OF THE CURRENCY
119
The assets and liabilities of State (commercial) banks June 30,
1930 to 1934, are shown in the following statement:
Assets and liabilities of State (commercial) banks, June 1930 to 1934
[In thousands of dollars]
1930 (13,582 1931 (12,259 1932 (10,455 1933 (7,714 1934 (8,348
banks)
banks)
banks)
banks) » banks) i
Loans and discounts (including rediscounts).
Overdrafts.._
Investments
_.
Banking house, furniture and fixtures
Real estate owned other than banking house.
Cash in vault
Reserve with Federal Reserve banks or
other reserve agents
Due from banks
Exchanges for clearing house and other cash
items
Other assets
--.
Total.
9, 216,468
33,918
2,947, 712
436,235
145,012
294,852
7, 270,126
32,210
2,937, 642
401,035
134, 412
274,922
5,130,709
4,490
2, 266,923
323, 544
133,274
225,472
848,129
817,049
814,368
790, 273
541,297
541, 533
458,227
440,261
612, 635
726, 640
188,341
342,186
130.069
325.070
73,504
238,052
138,185
172, 296
78,992
146, 644
15, 269,902
13,110,127
9,478, 798
6, 552,142
7, 299,339
3,076, 752 2,424, 214
3, 569, 752 2,140,489
81,083
91,299
378,393
291,788
2,897,956
2,400,030
169,616
356,771
3,117,862 2,924,830
2,950
2,428
1, 709, 582 2, 284,990
220,451
216,534
109,018
127,955
183,310
177,691
LIABILITIES
Demand deposits
Time deposits (including postal savings)
United States deposits
Due to banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks outstanding
Deposits not classified
5, 636,021
5,953,921
4,269
647,985
4, 581,490
5, 274,952
86,165
622,526
104, 715
38,881
70,772
5,538
43, 663
4,461
85, 779
5,638
Total deposits
12,885,792 10,641, US 7,154,104 5,039,207
Bills payable and rediscounts
249,083
180, 357
467,081
229,231
17,023
Agreements to repurchase securities sold
37,594
7,078
12,776
54,073
Acceptances executed for customers... _
66, 312
36, 720
24, 620
Interest, taxes, and other expenses accrued
and unpaid
25, 693
26, 278
20, 633
Other liabilities
350,849
278,682
237,453
165, 915
Capital notes and debentures. __
Capital stock
1,080,960
956,206
805,332
554, 517
746,812
665,752
Surplus
526,841
337, 280
239, 420
200,992
127,382
Undivided profits—net....
_.
90,925
2 86,802
2 96,174
2 89,906
Reserves for contingencies
87,723
Retirement fund for preferred stock, capital
notes and debentures
Total.
1
s
15, 269,902 13,110,127
Licensed banks; i. e., those operating on an unrestricted basis.
Includes reserves for dividends.
9,478,798 | 6,552,142
50,232
1,355
5,875,960
94,792
9,944
25,940
6,252
139,330
131,256
588,486
252, 224
87,240
87,871
44
7,299,339
120
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of loan and trust companies June 30,
1930 to 1934, are shown in the following statement:
Assets and liabilities of loan and trust companies, June 1930 to 1984
[In thousands of dollars]
ASSETS
1930 (1,564 ; 1931 (1,469
banks)
banks)
1932 (1,235
banks)
1933 (1,029
banks)i
1934 (994
banks) 1
9, 475, 936 7, 860, 418
5,585
5,272
3,835, 746 4,589,659
428,889
452, 270
83,188
96,218
176,126
186,193
5,901,338
5,796
4, 202,012
434, 935
98,121
156, 397
4,733,809
4,572
4,426,941
362, 557
119,772
126,050
4, 625, 753
3,495
4, 786, 651
246, 969
156, 855
118,641
I
Loans and discounts (including rediscounts). I
Overdrafts
|
Investments
_
!
Banking house, furniture and
fixtures
!
Real estate owned other than banking house.. I
Cash in vault
j
Reserve with Federal Reserve banks or [
other reserve agents
_
„]
Due from banks
_
\
Exchanges for clearing house and other cash j
items__
!
Other assets
.!
1,045,843
531,883
1, 058, 734
615,469
891,902
427,646
798,999
503,758
1,228,159
633,810
1, 392,996
726,468
957,102
1,039,655
475,819
524,864
476,014
443, 868
228, 727
426,244
I 17,702,660
16, 860,990
13,118,830
11,996, 340
12,455,304
Demand deposits
Time deposits (including postal savings) —
United States deposits.
_
Due to banks
Certified and treasurers' checks and cash letters of credit and travelers' checks outstanding
Deposits not classified
7,363,000
4,248,970
34,677
1,001,867
6, 493, 383
4,157,143
122,992
1,452, 777
5, 285,355
2,988,301
127,256
1,028,976
4,874,481
2, 588,093
311,073
1,052,085
5,087, 330
2, 667,150
666,773
1, 283,093
771,207
76,929
480, 631
13,106
280,601
3,511
323, 601
18,587
114,901
24, 353
Total deposits
Bills payable and rediscounts...
Agreements to repurchase securities sold
Acceptances executed for customers
Interest, taxes, and other expenses accrued
and unpaid
Other liabilities
Capital notes and debentures
Capital stock
Surplus
Undivided profits, net
Reserves for contingencies
Retirement fund for preferred stock, capital notes and debentures
13,496,650
172, 500
1,910
8,628
12,720,032
109, 631
285, 046
442,099
9,714,000
238,984
2,000
212, 367
9,167,920
9,848,600
57,329
585
108,195
16,141
1,057,788
7,113
394,312
5,877
394, 716
21, 055
307,975
967,432
1,620, 525
186,896
2 127,904
894,056
1, 343, 982
123,761
2189,087
793,651
1,009,604
168,814
200, 336
23,587
175,101
161,155
809,879
926,422
146,950
202,467
16,860,990
13,118,830
11,996,340
12,455,304
Total
LIABILITIES
Total..
1
2
995, 555
1, 684,184
200,102
2 69, 202
34
17,702, 660
Licensed banks; i. e., those operating on an unrestricted basis.
Includes reserves for dividends.
134, 296
4,800
187,889
EEPORT OP THE COMPTROLLER OP THE CURRENCY
121
The assets and liabilities of stock savings banks June 30, 1930 to
1934, are shown in the following statement:
Assets and liabilities of stock savings banks, June 1930 to 1934
[In thousands of dollars]
1930 (714
banks)
1931 (654
banks)
1932 (502
banks)
1933 (219
banks) J
1934 (316
banks) l
ASSETS
Loans and discounts (including rediscounts).
Overdrafts
Investments
__
Banking house, furniture and fixtures
Real estate owned other than banking houseCash in vault
Reserve with Federal Reserve banks or
other reserve agents
Due from banks
Exchanges for clearing house and other cash
items
Other assets..
Total
—
919,318
187
378,933
41,105
21,799
16,018
761,320
165
365,912
32, 753
21, 444
14, 738
591,998
93
350, 573
26, 733
21,735
14,175
444,942
16
309,347
18,689
20, 250
10, 655
397,089
23
353,341
18,833
24, 798
9,586
89, 247
46,925
75, 846
44, 695
54, 359
26, 731
45, 794
25, 305
54,859
41, 585
3,513
4,064
3,095
1,433
2,018
1,817
2,168
1,713
2,378
3,458
1, 521,109
1, 321, 401
1, 090, 232
878,879
905,950
128,304
1,260,852
2,812
6,308
114,195
1, 085, 008
3,806
6,175
80, 406
893,896
2,699
4,265
43, 756
751,607
8,366
2,268
76,162
732, 596
10, 599
4,874
640
18
349
566
291
2
212
770
1,398,934
4,045
1,210,099
4,223
981,559
17,113
806,20b
5,412
825,001
436
521
1,201
457
975
705
722
446
718
43,964
33, 772
8,861
3, 536
30,863
26,144
5,363
3,724
368
757
1,350
44, 526
19,255
5,109
9,147
1,090,232
878,879
905,950
LIABILITIES
Demand deposits
Time deposits (including postal savings)
United States deposits
Due to banks..
Certified and cashiers' checks and cash letters of credit and travelers' checks outstanding
.
Deposits not classified
_
Total deposits...^
Bills payable and rediscounts
Acceptances executed for customers
Interest, taxes, and other expenses accrued
and unpaid
Other liabilities .
Capital notes and debentures
Capital stock.
...
Surplus
Undivided profits—net
Reserves for contingencies
Retirement fund for preferred stock, capital
notes and debentures
TotaL.
60,336
40,666
13,320
2,086
2
51,855
39,399
11,980
2,413
2
1
1, 521,109
1, 321,401
1 Licensed banks; i e., those operating on an unrestricted basis.
2 Includes reserves for dividends.
2
Number of active stock savings banks, number of savings depositors, savings deposits, and average deposit account, by States, June 80,1983 and 1934
1934
1633
Location
Number
of
banks
Deposits 2
Average
due each
depositor
Average
rate of
interest
paid
Number
of
banks
Depositors i
Deposits 5
Average
due each
depositor
Percent
New Jersey
District of Columbia.
Total Eastern States.
Alabama
Depositors^
-.
Michigan.
Iowa.
Total Middle Western States.
3
193
196 i
Nebraska
California..
Utah
Arizona
Total Pacific States..
Total United States.
1
2
219
Average
rate of
interest
paid
Percent
3.00
39,802
40, 690
$26,344,000 |
7,717,000 i
189. 65
80, 492
34, 061, 000
423. 16
87, 630
35,985,000 |
100, 000
2, 219, 000
22.19
46, 281
2, 257, 000
18.77
2.75
o
18,112
97, 465
12, 393, 000
44, 342, 000
684. 24
454. 95
282 j
18,613
3 144; 548
13,444,000
59. 413, 000
722. 29
411. 03
2750
g
56,735,000 I
490.88
285 j
163,161
72, 857, 000
446.
115, 577
3.50
3.50
3.00 t
3.00 I
3,595
1,017,000 I
282.89 j
3.00
1, 016, 616
50, 426
11,849
592,474,000
15,207,000
3,876,000 I
582. 79
301. 57 !
327. 12 !
3.50
3.00
3.00
1,078,891
611,557,000
566. 84
1, 378, 555
705,589,000 I
511.83 !.
Represents number of savings passbook accounts.
Represents deposits evidenced by savings passbooks and time certificates of deposit.
3 Estimated.
* Includes savings deposits of departmental banks.
8 Includes certified and cashiers' checks.
to
to
40,158 ! $26, 828, 000
47. 472 !
9,157, 000
410. 65
H
53
1,044,000
297. 18
2.50
£}
928, 792 \* 5564, 349, 000
43, 965
13. 515, 000
9, 704
4, 254, 000
607. 62
307. 40
438. 38
3.50
3.00
2.50
&
982,461 I 582,118,000
592. 51
1,283,046 | 694,261,000 I
541.10
3,513 i
316
192,
H
O
*j
1-3
w
o
d
123
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of mutual savings banks June 30, 1930 to
1934, are shown in the following statement:
Assets and liabilities of mutual savings banks, June 1930 to 19&41
[In thousands of dollars]
1930 (606 I 1931 (600
banks) i banks)
1932 (594 j 1933 (576
banks)
j banks) 2
5,896,023
2
3,872, 417
113,162
4, 475,169
123, 373
6,140, 556
2
4,194, 572
134,442
44, 243
34, 404
25,856
234,713
65, 432
38, 229
33,566
320, 619
1,779
72, 709
1,852
82, 415
1934 (578
banks) 2
ASSETS
Loans and discounts (including rediscounts)
___
Overdrafts
Investments
Banking house, furniture, and fixtures
Real estate owned other than banking
house
Cash in vault
Reserve with reserve agents
Due from banks
Exchanges for clearing house and other
cash items.
Other assets
Total..
10, 295, 308
6, 051,133
I
127,538
55,994
35,646 i
349,158
2,436 I
93,798 j
4,103,176
138, 252
5,647,308
2
4, 256, 662
138, 021
253, 482
62, 781
45, 419
319,100
378, 762
53, 332
61, 428
397, 371
1,240
102, 645
2,239
129,943
5, 941, 048
11,191, 788 | 11,134,142 j 10,967,143
11,065, C
LIABILITIES
Demand deposits
___
;
10,305
Time deposits (including postal savings).— 9, 205, 258
Due to banks
!
173
Certified and cashiers' checks, cash
letters of credit and travelers' checks
outstanding
j
152
Deposits not classified
Total deposits
Bills payable and rediscounts
Interest, taxes, and other expenses accrued
and unpaid
Other liabilities
Capital notes and debentures
Surplus
Undivided profits—net
.
Reserves for contingencies
Total
1
2
3,718 I
3,351
10,031,124 10, 035, 423
453
92
36
3,132
9, 709, 861
113
126
20
2, 526
9, 777, 405
132
18
18
9, 780,099
6,369
10,035,331 10, 039, 018 9, 713, ?M
17, 477
16, 271
4, 528
638
604
1, 661
3,158
1, 648
25, 661
24, 706
9, 458
13, 752
9,557
28,690
3 968,121
3 898,871
3 890, 026 3 1, 054, 370 31, 073,107
154, 623
165,
417
153, 222
144, 687
144, 353
4
* 15,157
7,173
* 8,134.
10, 699
17,050
9,215,888
673
10, 295, 308
11, 191,788 I 11, 134, 142 10, 987,143
11, 065,068
Includes 1 stock savings bank.
Licensed banks; i. e., those operating on an unrestricted basis, together with banks having limitations
on3 deposit withdrawals in one State.
Includes capital stock of $10,200 for 1 stock savings bank.
* Includes reserves for dividends.
Number of active mutual savings banks, number of savings depositors, savings deposits, and average deposit account, by States, June 30, 1983
and 1934
1933
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
_
Number Depositors i
of banks
..
.
...
Total New England States
New York
New Jersey 5
Pennsylvania
Delaware
Maryland
Total Eastern States
Ohio
..Indiana ._
Wisconsin
Minnesota
Total Middle Western States
-
.
Deposits 2
1934
Average
due each
depositor
'32
3 50
3 19
3 191
9
75
218, 245
265,655
122, 279
2,806, 667
187, 296
907,152
$117,049,000
* 175, 737,000
77,879,000
2,042, 624, 000
170, 675, 000
652,109,000
$536.32
661. 52
636.90
727. 77
911.26
718.85
376
4, 507, 294
3, 236,073, 000
717. 96
3 139
25
8
2
10
6,272,371
487, 536
630,347
48,307
299,345
5,134,980,000
304,374,000
500,204,000
27,817,000
176,184,000
818. 67
624. 31
793.54
575.84
588. 57
184
7, 737,906
6,143, 559,000
793.96
3
4
2
2
11
146, 670
26,935
3,902
92,512
107,705,000
16,446,000
1,878,000
57, 693,000
734.34
610. 58
481.29
623. 63
270,019
183,722,000
680.40
46,767,000
34,000
89,354,000
481. 63
181.82
1, 253. 55
Average
rate of in- Number Depositors *
terest paid of banks
Percent
3.75
3.63
3.00
4.74
4.01
4.13
3.50
3.48
3.77
4.50
3.00
3.00
3.00
3.00
3.50
4.00
4.00
3.50
Percent
3.00
3.28
3.00
4.74
3.00
3.82
$515.89
650. 94
649. 24
721.51
901.40
686.81
375
4, 611,583
3, 252, 355,000
705.26
138
25
8
2
13
6,463,196
488,867
644,922
49,200
6 343,749
5,139, 593,000
308, 996,000
512,109,000
28, 738,000
195,018,000
795.21
632.06
794.06
584.11
567.33
186
7,989,934
6,184,454,000
774.03
73
5
3
1
161,948
27,489
20,650
95,612
108, 672,000
17,925,000
4, 220,000
60,157,000
3.00
3.00
2.50
2.50
12
305,699
190,974,000
671.03
652.08
204.36
629.18
624. 71
3
1
1
49,169,000
71,000
87,573,000
136,813,000
495.99
266.92
1,242.26
3.00
4.00
3.50
9, 764, 596,000
746. 69
5
168,569
136,155,000
807. 71
5
Total United States
576
12, 683,788
9, 699,509,000
764. 72
578
13,077,111
Average
rate of interest paid
$118,350,000
* 182,814,000
75,388,000
2,045,087,000
169,543,000
661,173,000
Washington
Oregon
California_
Total Pacific States
Represents number of savings passbook accounts.
Represents deposits evidenced by savings passbooks and time certificates of deposit.
Includes banks having limitations on deposit withdrawals.
Includes deposits of 10 guaranty savings banks in 1933 and 11 in 1934.
Includes returns from 1 stock savings bank.
Dec. 30,1933.
7 June 25, 1934.
Average
due each
depositor
229,410
280,846
116,117
2,834,457
188,088
962,665
99,134
266
70,495
169,895
1
2
8
4
5
6
Deposits 2
3 33
48
19
193
9
73
3
1
1
97,101
187
71, 281
to
805.28
3.00
3.00
3.77
4.50
3.00
1
a
o
g
t
o
d
51
3
REPOET OF THE COMPTROLLER OP THE CURRENCY
125
Number of savings banks {mutual and stock) in the United States, number of savings
depositors, amount of savings deposits,
and average amount due each depositor
June SO, 1914 to 1934, inclusive 1
[For prior years, see annual report for 1920, vol. 1, pp. 236-242]
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
1926—Mutual savings banks..
Stock savings banks
1927—Mutual savings banks..
Stock savings banks
1928—Mutual savings banks.
Stock savings b a n k s —
1929—Mutual savings banks.
Stock savings banks
1930—Mutual savings banks.
Stock savings banks
1931—Mutual savings banks.
Stock savings banks
1932—Mutual savings banks.
Stock savings banks
1933—Mutual savings banks.
Stock savings banks
1934—Mutual savings banks.
Stock savings b a n k s —
Banks
634
1,466
630
1,529
622
1,242
622
1,185
625
1,194
622
1,097
620
1,087
623
1,084
619
1,066
618
1,029
613
990
611
972
620
904
618
843
616
791
611
747
606
714
600
654
594
502
576
219
578
316
Depositors 2
8, 274,418
2,228,020
8,305,562
2, 380, 496
8, 590, 746
2,297,911
8,935, 055
2, 431,958
9, 011, 464
2, 368, 089
2, 486,073
9, 455,327
1,982, 229
9, 619, 260
2,464, 265
9,665,861
2,883,136
10,057,436
3, 282,897
10,409,776
3, 562,017
10,616,215
4,040,312
11,053,886
4,107,913
11,337, 398
3, 476,873
11,732,143
3,272, 415
11, 748, 085
2, 295, 529
11,895,075
2,207, 519
12,356,114
1,918, 578
12, 521, 750
1, 617, 737
12,683, 788
1,378, 555
13,077, 111
1, 283,046
Deposits 3
$3,915,143, 400
835,448,768
3,946, 069,043
856,546, 005
4,135,552, 045
854,235,985
4, 340,805, 483
960, 742, 593
4, 344,166, 606
1,006,406,927
4, 723, 629, 000
1,128, 331,000
5,172, 348,000
1, 319, 654, 000
5, 395, 552,000
1, 363, 451, 000
5,686,720,000
1,384,004,000
6, 282, 618,000
1,428, 883,000
6,686,366,000
1, 543,245, 000
7,139, 510, 000
1,790, 514,000
7,558,668,000
1, 746, 642, 000
8,054,868,000
1,453, 035,000
8,665, 592,000
1,338,011,000
8,890, 790,000
1, 227, 035,000
9,190,969,000
1,166,192,000
10,017, 225, 000
1, 022, 085, 000
10,021,852, 000
832, 536, 000
9, 699, 509,000
705,589,000
9, 764, 596, 000
694, 261,000
Average
due eacn
depositor
$473.16
374.97
475.11
359.82
481. 40
371.74
485.82
395. 05
482. 07
424. 98
527.85
453.86
547.61
665, 74
560.91
553.29
588.94
480.03
624. 67
435. 25
642.32
433. 25
672.51
443.16
683.80
425.19
710.47
417.91
738.62
408.88
756.79
534.53
772.6f :
528. 28
810.71
532.73
800.36
514. 63
764. 72
511.83
746.69
541.10
12 Revised.
Represents number of savings passbook accounts.
3
Represents deposits evidenced by savings passbooks and time certificates of deposit.
* Includes estimated returns of 106 banks in California. (See p. 141, Comptroller's Report for 1921.)
126
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of private banks June 30, 1930 to 1934, are
shown in the following statement:
Assets and liabilities of private banks, June 1930 to 1934
[In thousands of dollars]
1930 (361
banks)
1931 (284
banks)
1932 (227
banks)
1933 (184
banks) 1
1934 (236
banks) 1»
ASSETS
Loans and discounts (including rediscounts).
Overdrafts
Investments
Banking house, furniture and fixtures
Real estate owned other than banking house.
Cash in vault
Reserve with reserve agents
Due from banks
Exchanges for clearing house and other cash
items
Other assets
Total..
65,173
294
21, 749
3,216
6,325
2,063
2,351
10,086
44,368
213
16,934
2,957
3,301
1,656
.1,579
8,519
28,363
131
12, 509
2,278
2,497
1,185
1,162
5,301
22,738
109
9,986
1,188
2,937
1,282
1,379
5,765
128,195
4,287
259, 297
8,199
4,796
2,316
49,287
38,554
519
2,830
226
2,392
121
1,871
147
1,382
554
37,187
114, 606
82,145
55,418
46,913
532,672
34, 685
43, 789
27, 539
31, 544
19, 062
21,377
19,055
10, 844
398
167
65
240,572
84,021
17
42, 775
32
2,771
281
55
LIABILITIES
Demand deposits
Time deposits (including postal savings)
United States deposits
Due to banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks outstanding
Deposits not classified
Total deposits
Bills payable and rediscounts
Agreements to repurchase securities sold
Acceptances executed for customers
Interest, taxes, and other expenses accrued
* and unpaid___
Other liabilities
Capital stock
Surplus
Undivided profits—net
Reserves for contingencies
Total..
236
1,371
30
81,047
10,483
1
22
59,599
5,348
Jfi, 675
1,235
82, 767
818
30
5,769
8,594
7,127
1,466
3 67
34
3,786
6,842
5,178
1,251
3
107
13
2,969
5,529
4,024
851
3
119
76
3,218
4,863
3,325
857
310
6,752
55, 607
49,636
2,479
7,379
114, 606
82,145
55,418
46,913
532,672
367,721
13,445
29,343
1 Licensed banks; i. e., those operating on an unrestricted basis.
2 Figures for 1934 revised since published in text edition of the report due to the fact that amended figures
were
3 subsequently obtained for private banks in the State of New York.
Includes reserves for dividends.
Section 21 (a) of the Banking Act of 1933 provides, in part, that
after June 16, 1934, it shall be unlawful for any person, firm, corporation, association, business trust, or other similar organization, other than
a financial institution or private banker subject to examination and
regulation under State or Federal law, to engage to any extent whatever in the business of receiving deposits subject to check or to repayment upon presentation of a passbook, certificate of deposit, or other
evidence of debt, or upon request of the depositor, unless such person,
firm, corporation, association, business trust, or other similar organization shall submit to periodic examination by the Comptroller of the
Currency or by the Federal Keserve bank of the district and shall
make and publish periodic reports of its condition, exhibiting in detail
its resources and liabilities, such reports to be made and published at
the same times and in the same manner and with like effect and penalties as are now provided by law in respect of national banking associations transacting business in the same locality. Section 21 (b) of
the act provides a penalty of $5,000 or imprisonment for not more
than 5 years, or both, upon conviction of any person who shall willfully
Digitized forviolate
FRASERsection 21 (a).
REPORT OF THE COMPTROLLER OF THE CURRENCY
127
As of June 30, 1934, there were 131 private banks affected by this
act which elected to submit to periodic examination as prescribed by
the statute. Eighty-five of the banks elected to be examined by the
Federal Reserve bank and the remainder, or 46, had either elected
to be examined by the Comptroller or correspondence was pending with
a view to obtaining from such banks which agency they elect to examine them. The banks were located in 9 States, as follows: Alabama
1, Arkansas 4, Florida 3, Georgia 42, Iowa 14, Michigan 27, New
York 1, Pennsylvania 6, and Texas 33.
Statements of their assets and liabilities as of June 30, 1934, are
included in the foregoing tabulation with respect to all private banks
in the country as of that date, and summaries of their returns classified by States are published in the appendix of this report.
BANKS IN DISTRICT OF COLUMBIA
The statement following shows the amount of assets and liabilities
of licensed banks in the District of Columbia, by classes, on June 30,
1934:
Statement of assets and liabilities of licensed banks in the District of Columbia, by
classes, June SO, 1984
fin thousands of dollars]
Trust
companies
I Total all National
! banks
banks
Savings
and State
banks
Number of banks _
ASSETS
Loans and discounts:
Commercial paper bought in open market
Loans to banks and trust companies:
All other
Loans on securities, exclusive of loans to banks:
I
To brokers and dealers in securities in New York City.!
To brokers and dealers in securities outside New York j
City
i
To others
Real estate loans, mortgages, deeds of trust, and other liens
on real estate:
On farm land
_
On other real estate
Reporting banks' own acceptances purchased or dis- i
counted
j
All other loans
j
Total
Overdrafts
_.
United States Government securities:
\
Bonds (including bonds deposited to secure circulation)..-!
Treasury notes
J
Certificates of indebtedness
Treasury bills
Total.
Other bonds, stocks, and securities, etc.:
Obligations of—
Federal Farm Mortgage Corporation..
Home Owners' Loan Corporation
Total securities, other than direct obligations, guaranteed by U. S. Government as to interest and/or
principal
_-_.__
1,411
969 L
442
8
8
3,200
2,400 !
118
29, 347
82 |
15,177 j
36
11, 703
2, 4f>7
46
23, 576
44 i
2, 455
18, 244
2,877
30,951
21,623
88, 657
42,750
!
4,979
4,349
35,762
10,145
33
18
59,316
13,362
2,604
41, 441
7, 748
2,070
17,142
4, 649
500
733
965
34
75, 282
51,259 I
22,291 \
1,732
42
684
20 !
290 ;
275
22
lift
310
275
14!
13
128
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of assets and liabilities of licensed banks in the District of Columbia, by
classes, June 30, 1934—Continued
[In thousands of dollars]
Total all National
banks
banks
Trust
companies
Savings
and State
banks
ASSETS—continued
Other bonds, stocks, and securities, etc.—Continued.
Obligations of Federal land and intermediate credit banks..
Stock of Federal Reserve bank
Obligations of States, counties, districts, political subdivisions, and municipalities
Obligations of Territorial and insular possessions of the
United States
_
.-_
Obligations of joint-stock land banks
Bonds, notes, and debentures (not including stock) of
other domestic corporations:
Railroads
Public utilities. __
_
Real estate corporations
Other domestic corporations
Stock of other domestic corporations:
Real estate corporations..
--Banks and banking corporations. __
Other domestic corporations
Foreign securities:
Obligations of foreign central governments
_
Obligations of foreign provincial, State, and municipal
governments
_
Other foreign securities.—
Total miscellaneous bonds and securities not guaranteed by United States Government
Total miscellaneous bonds and securities.
Customers' liability on account of acceptances
Banking house, furniture and fixtures
Real estate owned other than banking house
Reserve with reserve banks
Cash:
Gold certificates
All other cash in vault.
Total.
Due from banks:
Items with Federal Reserve bank in process of collection. __
Due from member banks in the United States
Due from nonmember banks in the United States
Exchanges for clearing house and other checks on local banks
Balances payable in dollars due from foreign branches of
other American banks
Balances not subject to immediate withdrawal, on deposit
with banks and trust companies in the United States
Balances on deposit with banks and bankers in foreign
countries,.
Total.
Outside checks and other cash items
Redemption fund and due from United States Treasurer..
Other assets
Total.
4,849
750
3,108
462
1,524
217
3,447
1,557
1,748
142
5
20
35
2
4,265
5,856
123
3,301
1,606
2,451
10
1,416
2,192
2,811
95
1,444
467
594
18
441
3,048
51
119
11
52
2,804
39
227
125
1
401
246
132
85
29
284
405
92
230
169
23
87
27, 367
11, 271
13, 551
2, 545
28,093
7
15,719
5,314
29,342
11,581
7
6,294
1,082
20,274
13,826
2,686
8,206
3,994
1,219
238
2,232
7,827
1
5,048
2,221
558
5,049
2,221
558
2,188
14, 250
119
875
6,413
34
3,220
1,096
166
758
5
550
3,229
21,421
158
4,866
3
1
2
43
40
37,677
18
24,888
67
10,748
2,041
518
133
1,210
232
133
398
243
43
281,985
158,916
102,678
20,391
113,470
861
5,499
67,733
411
3,780
395
1,714
6,641
55
5
119,879
71,973
41,205
6,701
1,697
2,186
1,334
41,135
1,209
833
797
35,649
445
736
9,114
43
617
537
85
87
759 ;
53
LIABILITIES
Demand deposits:
Deposits subject to check (except those of other banks, the
United States Government, and States, counties, school
districts, or other subdivisions or municipalities)
Certificates of deposit
Other demand deposits
Public funds of States, counties, school districts, or other
subdivisions or municipalities
Total.
Time deposits, including postal savings:
Other time deposits:
Deposits evidenced by savings pass books..
Certificates of deposit
Christmas savings and similar accounts
Open accounts
49
129
REPORT OP THE COMPTROLLER OF THE CURRENCY
Statement of assets and liabilities of licensed banks in the District of Columbia, by
classes, June 30, 1934-—Continued
[In thousands of dollars]
Total all National
banks
banks
Trust Savings
com- and State
panies
banks
LI A E ILITIE s—continued
Time deposits, including postal savings—Continued.
Public funds of States, counties, school districts, or other
subdivisions or municipalities
u
Postal savings deposits
.
Deposits of other banks and trust companies located in:
United States
.._
__
_
Total
United States Government deposits
_
Due to banks, including certified and cashiers' checks, and cash
letters of credit and travelers' checks outstanding:
Due to Federal Reserve Bank (deferred credits)
Due to other banks and trust companies in United States..
Due to banks in foreign countries
Certified and cashiers' checks, including dividend checks,
outstanding
Letters of credit and travelers' checks sold for cash and outstanding
_
Total
"Total deposits
Secured by pledge of loans and/or investments. _
Not secured by pledge of loans and/or investments
Circulating notes outstanding
_
Agreements to repurchase United States Government or other
securities sold
Bills payable
Rediscounts __ _ _ _.
Acceptances executed by other banks for account of reporting
banks
_ __
Interest, taxes, and other expenses accrued and unpaid
Other liabilities .
Capital notes and debentures
Capital stock __
_
Surplus..
.
_
Undivided profits, net
Reserves for contingencies
Total
.
Memoranda:
Par value of capital stock:
Preferred
Common
Total
Loans and investments pledged to secure liabilities:
United States Government securities
Other bonds, stocks, and securities
Loans and discounts (excluding rediscounts)
Total
._
Pledged:
Against circulating notes outstanding
Against United States Government and postal-savings
deposits
Against public "funds of States, counties, school districts, or other subdivisions or municipalities
Against deposits of trust department
Against other deposits
__
...
With State authorities to qualify for the exercise of
fiduciary powers
For other purposes
Total
.
510
1,367
510
1,357
10
102
77
25
93,094
45,918
3,271
3,223
2,139
15,860
261
1,879
14,162
213
260
1,630
48
68
1,601
1,042
444
115
28
23
5
36,830
10, 346
48
19,889
17,319
2,387
183
236,133
10,204
225,929
138,433
9,840
128, 593
80,422
195
80,227
17,278
169
17,109
2,852
2,852
21
100
134
7
710
886
1,850
19,985
13,175
4,412
1,720
21
134
7
291
36
166
9,450
4,850
2,352
645
325
844
1,000
9,400
7,700
1,901
931
94
6
850
1,135
625
159
144
281, 985
158, 916
102,678
20, 391
1,500
18,485
1,500
7,950
9,400
1,135
19,985
9,450
9,400
1,135
16,097
1,593
15,009
1,409
922
141
166
43
17,690
16,418
1,063
209
2,867
2,867
5,452
5,353
550
1,257
4,897
550
1,014
4,684
243
130
2,577
90
1, 941
9
636
54
27
17, 690
16,418
1,063
209
99
83
130
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of banks in the District of Columbia June
30, 1930 to 1934, are shown in the following statements:
Assets and liabilities of national banks in the District of Columbia June 80, 1930-84
[In thousands of dollars]
1930—12
banks
Loans and discounts, including rediscounts
__
Overdrafts
_
_.
Investments
Customer's liability account of acceptances
Banking house, furniture, and fixtures—
Real estate owned other than banking house
Reserve with Federal Reserve banks
Cash in vault
Due from banks
Outside checks and other cash items
Redemption fund and due from United States Treasurer
Securities borrowed
Other assets
Total.
88,658
27
36,631
10,740
1,551
9,508
2,879
19,904
470
243
335
1,948
1931—12
banks
1932—12
banks
81,282 j 71,202
23
20
51,324
60,460
15
39
11,147
11,309
2,268
2,950
9,907
9,796
4,854
4,217
25,194
16, 371
528
542
211 i
680 i
1,360
221
570
1,398
1933—8
banks *
1934—9
banks}
41,375
14
57,481
11
6,283
1,002
11,038
5,867
18, 240
355
42,750
18
62,840
7
6,294
1,082
20, 274
5,049
19,839
232
221
133
~152"
172,894
188,790
71,414
53,926
1,732
14,431
75,479
62,141
1,713
18,019
66,621
64,047
1, 501
14, 601
62,908
42,110
2,329
14,418
71,973
45,918
3,223
17, 319
141,503
4,905
157,852
4,188
146,770
4,389
121, 765
4,413
188,433
2,852
2,053
200
1,659
200
38
3,361
87
179, C
142,039
158,916
LIABIL1TIES
Demand deposits
Time deposits, including postal savings..
United States 2deposits..
Due to banks
Total, deposits
National-bank notes outstanding
Agreements to repurchase United States Government
or other securities sold
Bills payable and rediscounts
Acceptances executed by other banks for account of
reporting banks
Securities borrowed
Interest, taxes, and other expenses accrued and unaid
pai<
Other liabilities
Capital stock..
Surplus
Undivided profits, net
Reserves for contingencies.
Total
_..i
15
335
570
441
47
10, 775
8,625
2,993
3
1,017
478
50
11,175
8,725
3,296
3 972
515
92
11,175
8,725
2,604
3 820
262
99
6,950
5,100
2, 549
291
36
9,450
4,850
2,352
645
172,894
188,790
179,098
142,039
158,916
?i Licensed banks: i. e., those operating on an unrestricted basis.
Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.
3 Includes reserves for dividends.
REPORT OF THE COMPTROLLER OP THE CURRENCY
131
Assets and liabilities of loan and trust companies in the District of Columbia June
30, 1980-84
[In thousands of dollars]
1930—
6 banks
1931—
5 banks
5 banks
56,060
14
22,140
9,994
868
46,532
19
31,003
6,991
1,300
41,318
8
31,177
8,193
2,975
1,565
12,819
509
397
2,379
12, 251
370
1,326
104,366
1932—
1933—
1934—
5 banks * 5 banks
ASSETS
Loans and discounts, including rediscounts
Overdrafts
_
Investments
Banking house, furniture and fixtures
_
Real estate owned other than banking house
_ ..
Reserve with Federal Reserve and other reserve banks
Cash in vault
_
Due from banks
Outside checks and other cash items
Other assets
__
Total
3,671
7,518
312
726
37,630
12
29,495
8,295
3,692
5,932
3,539
9,225
180
500
35,762
13
36,117
8,206
3,994
6,836
2,221
8,527
243
759
102,171
95,898
98, 500
102,678
46, 750
29, 589
431
2,493
44, 674
29, 637
210
3,120
38, 551
31, 655
2
2,277
41, 631
32, 232
41, 205
36,830
2,708
2,387
79,263
77,641
72,485
76,571
80,422
388
456
1,091
275
837
291
893
306
871
306
802
10,400
9,950
2,473
3 324
9,400
9,750
2,768
3 337
9,400
9, 750
2,687
3 399
9,400
7,700
2,033
1,688
325
844
1,000
9,400
7,700
1,901
931
104, 366
102,171
95, 898
98,500
102,678
LIABILITIES
Demand deposits
Time deposits, including postal savings
United States deposits
Due to banks 2
Total deposits
-
Agreements to repurchase United States Government or other securities sold
Bills payable and rediscounts^
Interest, taxes, and other expenses accrued and unpaid
Other liabilities
Capital notes and debentures.
Capital stock
Surplus
Undivided profits, net _ Reserves for contingencies
Total
1
2 Licensed banks; i. e., those operating on an unrestricted basis.
3 Includes certified and treasurers' checks and cash letters of credit
Includes reserves for dividends.
21
134
and travelers' checks outstanding.
132
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of savings and State banks in the District of Columbia June SO,
1930-84
[In thousands of dollars]
1932—
1931—
193022 b a n k s 22 b a n k s 22 b a n k s
1933—
1934—
7 banks1 7 banks l
ASSETS
Loans and discounts, including rediscounts...
Overdrafts
._
Investments
Banking house, furniture and fixtures
Real estate owned other than banking house..
Reserve with reserve banks._
Cash in vault
Due from banks
Outside checks and other cash items
Securities borrowed
Other assets
Total..
31,934
9
7,306
2,691
729
30,436
4
8,863
2,693
866
27,985
9
2,802
1,004
10,025
1
3,024
1,243
230
1,116
3,411
63
1,020
3,182
22
572
2,017
18
165
1,199
4,948
61
30
119
136
25
53
47,424
49,219
45,140
17,155
20,391
15,040
25, 695
15, 771
27,123
20
390
13, 308
25,032
5
380
5,048
9,395
31
73
6,701
10,346
48
183
41,200
352
43,804
60
30
88,725
933
230
17,278
100
163
24
161
48
10,145
2
4,418
1,219
238
* 2, 232
558
1,483
43
LIABILITIES
Demand deposits
Time deposits, including postal savings..
United States 3deposits
Due to banks
_
Total deposits.-
Bills payable and rediscounts
Securities borrowed
_
_
Interest, taxes, and other expenses accrued and unpaid
_
Other liabilities
Capital notes and debentures.Capital stock
Surplus
Undivided profits, net
._
Reserves for contingencies.-.
Total..
465
2,753
1,904
859
*169
2,753
1,827
840
4
196
47, 424
49, 219
2,753
1,743
579
* 150
45,140
121
2
94
6
1,000
965
203
87
850
1,135
625
159
144
17,155
20, 391
Note—Does not include the 2 export-import banks.
i Licensed banks: i. e., those operating on an unrestricted basis.
s* Required under Act approved Mar. 4, 1933.
4 Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.
Includes reserves for dividends.
Number of depositors and amount of deposits in licensed banks in
District of Columbia, October 25, 1933
In a supplemental report for October 25, 1933, banks in the District
of Columbia were requested to render statements showing the number
of depositors and the amount of deposits according to size and class
of deposit balances, for information in connection with a study being
made with respect to the Temporary Federal Deposit Insurance
Fund which became effective January 1, 1934.
There is shown below a summary of the returns made for each class
of banks in the District of Columbia as of the date indicated:
133
REPORT OF THE COMPTROLLER OF THE CURRENCY
Number of depositors and amount of deposits in licensed banks in the District of
Columbia, grouped according to size and class of deposit balances, Oct. 25, 1938 l
[Amounts in thousands of dollars]
Number of depositors
Amount of deposits
Total Na- Trust Savings
Total Na- Trust Savings
and
and
all
all
tional comtional comState
State banks
banks banks panies banks
banks panies banks
Size and class of deposit balances
Deposits not exceeding $2,500:
1
1
State, county, and municipal funds..
United States Government deoosits
Postal Savings
41
381
338
Deposits of other banks
Certified and cashiers' checks and
cash letters of credit outstanding... 6,874 5, 349 1,037
289, 330 127,869 103,324
Other deposits—active accounts
Other deposits—dormant accounts.._ 96,036 29,979 48,718
392, 622 163, 536 153,120
75,966 66, 223 30, 798
Total
Deposits over $2,500 but not exceeding
$10,000:
1
State county and municipal funds
2
United States Government deposits
Postal Savings
60
Deposits of other b a n k s . . .
Certified and chashiers' checks and
38
cash letters of credit outstanding
9,140
Other deposits—active accounts.
102
Other deposits—dormant accounts...
Total
9,342
Deposits over $10,000 but not exceeding
$50,000:
State, county, and municipal funds..
United States Government deposits
Postal Savings
Deposits of other banks
Certified and cashiers' checks and
cash letters of credit outstanding
Other deposits—active accounts.
Other deposits—dormant accounts
Total
Deposits over $50,000:
State, county, and municipal funds. _
United States Government deposits
Postal Savings
Deposits of other banks
Certified and cashiers' checks and
cash letters of credit outstanding
Other deposits—active accounts
Other deposits—dormant accounts,.
2
2
62
53
8
1
308
488
174
58,137 64, 350 30,101
17, 339 1,501
468
112
26,004
863
22
8,245
170
26,987
8,438
2
2
13
13
336
48
9
269
50
17
24
4,761
13
3,745
57
1
173
118
634 41,651 21, 766
445
153
9
52
16, 776
249
3
3,109
43
3.824
647 42, 618 22. 319
17.127
3,172
21
13
80:
1, 772
332|
22
HH
44
™
4.871
3
21
35
168
2, US
85
73
11
3
1,784
5
3
1,051
1
651
3
67
67
82 33, 918 20,171
25
107
1
12, 041
61
1, 706
21
1,878
1,129
665
84 36, 464 22, 149
12. 434
1.881
1
1
71
60
10
347
1
222
1
120
420
284
130
1
500
2,918
2,646
1 10, 924
500
2,918
2,32]
9,147
1,677
H25
100
5 53,415 37, 256
1,500 1,500
15,512
647
6 71,903 53,642
17,189
1,072
Recapitulation:
5
536
536
State, county, and municipal funds
5
2,953 2, 931
United States Government deposits
2,814 2,401
Postal Savings
Deposits of other banks
519
597
71
7 13, 470 11,241
Certified and cashiers' checks and
6, 915 5,376
1, 050
489
359
548
cash letters of credit outstanding
300, 601 133,903 107,840 58,858 193,334 109, 294
Other deposits—active accounts
Other deposits—dormant accounts... 96,144 30,017 48, 778 17, 349 3,553 2,146
2, 067
22
413
162
164
70, 333
1,173
25
13,707
234
Total
.
Total
...
_
Number of banks
404, 262 169, 820 157, 739
21
9
5
!
76, 703 217, 208128, 908 73, 737 14, 563
7
1
See summary showing a similar statement covering all national banks in the country as of the same
date, published on pp. 158-160. The summary referred to includes an explanation of the basis which
banks were instructed to follow in rendering their reports.
106093—35
-10
134
REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings and dividends of banks other than national in District of
Columbia
The following statement shows comparative figures concerning the
earnings and dividends of banks other than national in the District
of Columbia for the years ended June 30, 1934 and 1933:
Earnings and dividends of licensed trust companies and savings banks in the District
of Columbia x
[In thousands of dollars]
6 months en ded
Dec. 31, 1933
6 months ended
June 30,1934
Year
Year
ended ended
June 30, June 30,
1933,
5 trust 7 sav- 12 total 5 trust 7 sav- 12 total 1934,
12
12
com- ings banks com- ings banks banks
banks
panies banks
panies banks
Common capital, par value2
Capital notes
and debentures
Surplus 2
Gross earnings:
Interest and discount on loans
Interest and dividends on bonds,
stocks, and other securities
Interest on balances with other
banks
Collection charges, commissions,
fees, etc
Foreign department (except interest on foreign loans, investments, and bank balances)
Trust department
Service charges on deposit accounts
.
Other earnings
Total. _
Expenses:
Salaries and wages
Interest on deposits of other
banks
Interest on other demand deposits _
Interest on other time deposits...
Interest and discount on borrowed TT10Tl©y
Taxes
Other expenses
Total current expenses .
Withdrawals from reserves for expenses of previous periods accrued
and unpaid (see detail on p. 125 of
report for 1933)
Grand total
Net earnings
_
_.
Recoveries, profits on securities, etc.:
On loans
On bonds, stocks, and other securities Allother
Total
Total net earnings, recoveries,
etc
1,000
300
650
10,400
300
8,350
9,400
1,000
7,700
1,135
850
625
10,535
1,850
8,325
10,535
1,850
8,325
10,400
7,700
919
331
1,250
868
321
1,189
2,439
3,220
574
55
629
617
69
686
1,315
1,553
2
3
1
1
4
62
23
86
51
73
159
197
7
263
6
241
6
241
13
504
10
611
9,400
63
7
263
22
8,665
23
268
23
26
46
294
24
310
28
33
52
343
98
637
100
594
2,118
460
2,578
2,118
473
2,591
5,169
6,347
598
137
735
612
153
765
1,500
1,744
45
45
25
279
1,339
45
2
514
1
130
3
644
458
112
570
3
1,214
3
204
341
10
28
94
13
232
435
195
371
2
28
109
2
223
480
15
455
915
106
539
890
1,662
400
2,062
1,681
404
2,085
4,147
4,922
1,022
5,246
1,101
324
456
60
516
28
3
31
32
9
41
72
24
23
21
6
8
29
29
369
20
38
3
407
23
436
52
197
57
72
17
89
421
50
471
560
278
528
77
605
858
119
977
1,582
1,379
247
939
330
133
463
1,402
607
131
537
86
26
112
649
1,269
27
22
93
171
67
26
13
36
80
62
173
233
327
252
427
1,740
509
208
717
2,457
2,455
Losses and depreciation:
On loans
692
On bonds, stocks, and other securities
406
On banking house, furniture and
66
fixtures
149
Other losses and depreciation
Total current period
1,313
i Excludes the 2 export-import banks.
* Capital and surplus at end of period.
437
69
506
135
REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings and dividends of licensed trust companies and savings banks in the District
of Columbia—Continued
[In thousands of dollars]
6 months ended
6 months ended
Dec. 31, 1933
June 30, 1934
yoar
ended
ended
5 trust 7 sav- 12 total 5 trust 7 sav- 12 total 1934,
12
ings
comcomings
panies banks banks panies banks banks banks
1933,
12
banks
Withdrawals from reserves for depreciation of previous periods on real
estate (see detail on p. 125 of report
for 1933)
Grand total ._ . . _
3
Net addition to profits
._ 3 785
350 3 1,135
Dividends
29
255
226
Interest on capital notes and debentures
Ratios:
Dividends to common capital 2
2.40
2.90
2.45
percent-_
Dividends to common capital and
2
1.32
1.76
1.36
surplus
percent.Net addition 2to profits to common capital
percent. . 3 8. 35 3 35. 00 » 10, 9)
Net addition to profits to2 common capital and surplus
percent. . 3 4.59 3 21. 21 3 6.05
1,008
•
349
226
2.40
1.32
3 89
16
260
242
* 875
497
4
4
4
1.41
2.30
4.72
3
3 463
2 084
808
7.77
.91
1.28
2.64
4.24
3.71
3
7. 84
2.47
3 8.31
s 20.04
2.04
3
5. 06
1.38
3 4.64
3
10. 93
2
Capital and surplus at end of period.
3 Deficit.
Building and loan associations in District oj Columbia
The assets of the 28 building and loan associations operating in the
District of Columbia under the supervision of the Comptroller of the
Currency on June 30, 1934, totaled $93,359,000 and exceeded by
$5,009,000 the assets of these associations on June 30 a year ago.
The loans, which aggregated $84,946,000, showed an increase in the
year of $2,027,000. Installment payments on shares increased also
from $78,308,000 to $83,871,000.
Twenty-three of the associations operated on the permanent plan
and five on the serial plan. The total membership was 103,550, as
compared to 93,427 members a year ago, and of the total in the
current year the numbers borrowing and nonborrowing were 25,722
and 77,828, respectively.
The statement following discloses the number of building and loan
associations in the District of Columbia, their aggregate loans, installments paid on shares, and total assets on June 30 each year 1914-34,
(Summaries of the assets and liabilities of the individual associations
as of June 30, 1934, together with consolidated statements of assets
and liabilities and receipts and disbursements for the 6-month periods
ended Dec. 31, 1933, and June 30, 1934, are published in the appendix
of this report.)
136
REPORT OF THE COMPTROLLER OF THE CURRENCY
[Figures for previous years published in report for 1931]
Years
June 3 0 —
1914191519161917191819191920192119221923192419251926192719281929193019311932..
19331934-
Number
of associations
20
20
19
19
20
20
21
24
22
23
23
24
22
22
22
22
24
24
26
28
28
Loans
Installments Total assets
on shares
$18,582,156 $17,113,899
19,524,065
17,866,337
20,186,662
18, 668,808
20,951,089
19,413,266
21, 567,904
20,252,005
23,654,000
22,463, 000
27, 398,000
25,373,000
29,520,000
27,593,000
33, 233,000
30, 506,000
36,157,000
32,858,000
38,968,000
35,452,000
42,482,000
38,653,000
46,781,000
42,794,000
50,940,000
47,887,000
57, 505,000
53,738,000
63, 566, 000 58,916,000
68,143,000
64,480,000
74,365,000
70,244,000
81, 298,000
76,773, 000
82,919,000
78, 308,000
84,946,000
83,871,000
$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
48,573,000
43,829,000
59,855,000
65,964,000
71,629,000
77,992,000
84,991,000
88,350,000
93,359,000
Credit Unions in District of Columbia
Since the enactment of this act, the following credit unions have
been recommended for approval by this office and licensed by the
District Commissioners:
Adjutant General's Office Employees Credit Union of the District
of Columbia, licensed March 25, 1933. License renewed June 12,
1934.
Agricultural Employees Credit Union of the District of Columbia,
licensed May 2, 1934.
Armour Washington Credit Union of the District of Columbia,
licensed February 3, 1933. License renewed on February 19, 1934,
Department of Commerce Credit Union of the District of Columbia,
licensed November 14,1932. License renewed on November 24, 1933.
Educational Employees Credit Union of the District of Columbia,
licensed March 2, 1933. License renewed on March 19, 1934.
F. C. A. Employees Credit Union of the District of Columbia,
licensed May 3, 1934.
F. E. U. Local 262 Credit Union of the District of Columbia,
licensed November 25, 1932. License renewed on December 11, 1933.
F. E. U. No. 105 Credit Union of the District of Columbia, licensed
November 29, 1932. License renewed on December 11, 1933.
F. E. U. No. 261 Credit Union of the District of Columbia, licensed
January 16, 1933. License
renewed on January 15, 1934.
G. A. O. Employees7 Credit Union of the District of Columbia,
licensed November 10, 1933.
In-Com-Co. Credit Union of the District of Columbia, licensed
January 16, 1933. License renewed on December 29, 1933.
Navy Department Branch of F. E. U. No. 2 Credit Union of the
District of Columbia, licensed January 19, 1933. License renewed on
January 20, 1934.
Navy Yard Credit Union of the District of Columbia, licensed
March 27, 1933. License renewed on April 4, 1934.
Post Office Department Employees Credit Union of the District of
licensed April 2, 1934.
Digitized forColumbia,
FRASER
REPORT OF THE COMPTROLLER OF THE CURRENCY
137
Railway Mail Service Credit Union of the District of Columbia,
licensed October 17,1932, as of July 5,1932. License renewed November 13, 1933. License renewed June 28, 1934.
St. Anthony's Parish Credit Union of the District of Columbia,
licensed November 16, 1932. License renewed on December 19, 1933.
Standards Credit Union of the District of Columbia, licensed
November 14, 1933.
Swift Employees Credit Union of the District of Columbia, licensed
July 27, 1933. License renewed October 18, 1934.
Uniformed Fireman's Credit Union of the District of Columbia,
licensed December 18, 1933.
Washington Postal Employees Credit Union of the District of
Columbia, licensed February 7, 1933. License renewed on April 23,
1934.
Western Union Employees Credit Union of the District of Columbia, licensed January 7, 1933. License renewed on January 15, 1934.
Veterans Administration Employees Credit Union of the District
of Columbia, licensed October 27, 1932. License renewed on November 13, 1933.
Summaries of the assets and liabilities of the individual credit
unions as of June 30, 1934, together with a consolidated statement of
assets and liabilities and receipts and disbursements for the 6 months
ended June 30, 1934, are published in the appendix of this report,
Export-Import banks in the District of Columbia
Pursuant to Executive orders dated February 2, 1934, and March
9, 1934, which are quoted elsewhere in this report, two export-import
banks were established in the District of Columbia to commence
business in the year ended October 31, 1934. These banks were
incorporated under the provisions of title 5, chapter 9, section 261 of
the Code of Laws of the District of Columbia.
The Export-Import Bank of Washington was authorized on February 16, 1934, to begin the business of banking with capital stock of
$11,000,000, of which amount $10,000,000 was preferred stock taken
by the Reconstruction Finance Corporation, and $1,000,000 common
stock taken by the National Recovery Association under section 220
of the National Industrial Recovery Act. The par values of the
preferred stock of this bank is $1,000 per share and the par of the
common stock $100 per share. The articles of association provide
for dividends of 5 percent per annum on the preferred stock.
The Second Export-Import Bank of Washington, D. C. was authorized on March 24, 1934, to begin the business of banking with capital
stock of $2,750,000, of which amount $2,500,000 was preferred stock
taken by the Reconstruction Finance Corporation, and $250,000
common stock taken by the National Recovery Association under
section 220 of the National Industrial Recovery Act. The par value
of the preferred stock of this bank is $1,000 per share and the par of
the common stock $100 per share. The articles of association provide for dividends*of 5 percent per annum on the preferred stock.
138
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statements of condition of the subject banks as of October 17,
1934, follow:
Export-Import Second ExportBank
Import Bank
Furniture and
Cash in vault
Balances with other banks
Other assets
Total
ASSETS
fixtures
_
_
$1,895.91
50.00
10,994,393.22
4,852.84
$3. 56
50.00
2,806,371.60
1.220.27
11,001,191.97
2,807,645.43
285,068.50
847. 41
11,000,000.00
61, 678. 24
717.10
2, 750,000.00
LIABILITIES
Dividends declared but not yet payable and amounts set aside for dividends not declared
_
Other liabilities
_•
_
..
Capital stock (par)
Undivided profits (debit balance)
_
Total
28Jh 723.94
4,749.91
11,001,191.97
2, 807, 645. 43
BUILDING AND LOAN ASSOCIATIONS IN THE UNITED STATES
Statistics relative to all building and loan associations in the United
States have been obtained through the courtesy of the secretary of
the United States Building and Loan League, with headquarters at
Cincinnati, Ohio, and are published in the following statements:
Number of building and loan associations, total membership, and total assets, etc.,
for the year ended in 1933, by States
Number
States
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
of associations
New Jersey l
Pennsylvania
Ohio
Massachusetts
Illinois
New York
California
_.-.
Indiana..
_
Wisconsin.1
_
Maryland
Missouri
Louisiana.
Michigan..
Nebraska
Kentucky
Kansas
Texas
Oklahoma
District of Columbia.
North Carolina
Washington
Virginia
Iowa
Minnesota...
Colorado
_.
Rhode Island
_.
West Virginia
Arkansas
Connecticut
_.
Maine...
Alabama
Utah
_
South Carolina *
Oregon
Tennessee
_.
Delaware...
Montana
New Hampshire
Florida
North Dakota
*Estimated.
1,532
737
227
889
293
182
380
184
1,000
65
83
164
150
139
90
28
209
Total
membership
Total assets
970,000 $1,050,000,000
884,065
957,791,288
1,968,129
895,028,774
436,920
502,873,869
782,300
394, 648,000
481,928
394,643,465
350,000
359,894,896
341,700
246,333, 779
238,238
245,291,106
283,000
185,000,000
207,950
169,255,761
166,241
143,656,771
185,267
142,693,028
176,500
111, 876,652
170,300
110,937,465
155,152
106,960,685
100,393,588
137,700
99, 238,441
129,339
90,533,000
96,785
74,182
68,439,937
200,000
61,510,158
53,652,977
59,100
60,072
41,789,377
96,179
39,038,245
50, 000
35,340,471
33,691, 232
47,898
50,200
33,612,941
30,213
25, 794,298
25,607,678
31, 534
25,930
23,967,428
33,480
23,843,533
34,000
23,029,669
20,000,000
18,000
31,400
18,228,564
25, 640
18,993,047
19,430
15,257,369
25,800
15,026,454
16,152
13,761,730
10,370
13,129,227
22,251
12,054,641
* Increase.
Decrease in
assets
$96,108,891
86,465,155
202,497,340
24,487,067
42,613,885
29,032,702
47,251,461
24,523,906
15,257,220
12,500,000
23,778,789
15,823,414
10,240,354
12,430,660
7,538,129
9,201,945
14,237,565
14, 012,955
a 3,113,000
7,454, 086
3,463,393
2,668,039
3,060,353
1,708,158
3,131,733
633,469
2,191,167
9,703,847
1,210,591
851,199
1,928,707
27,257,752
4,500,000
1,416,578
»1,606,047
860,854
4,124,471
314,334
1,239,836
1,081,328
Decrease in
membership
15,470
57,617
245,402
30,909
25,500
49,288
144,000
34,000
14, 535
17,000
29,250
15,234
32,968
14,100
11,500
19,330
19,515
2
6,397
7,715
5,038
3,000
2,248
2 336
5,000
1,601
3,280
19,787
842
1,635
2,750
40,023
12,000
2,400
* 2,170
1,070
6,967
461
1,030
»2601
139
EEPOET OP THE COMPTROLLER OP THE CURRENCY
Number of building and loan associations, total membership, and total assets, etc.,
for the year ended in 1983, by States—Continued
Number
of associations
States
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
Mississippi...
Wyoming
Georgia
Idaho
South Dakota.
Vermont
Hawaii
New Mexico..
Nevada
Arizona
Total
Total
membership
Total assets
Decrease in
Decrease in
membership
44
8
40
14
20
14
11
16
5
2
6,274
14,850
18,443
9,550
9,650
5,600
28, 012
4,500
2,281
1,600
$10,943,600
7,889,189
6,891,548
6,272,313
5,844,910
5,418,676
5,288,989
4,316,562
1,246,345
600,000
$5,736,271
1,620,675
373,820
* 1,232,701
396,690
76,445
2 79,711
400,927
2 62,415
3,647,141
18,263
3,000
450
»1,900
664
463
a 15,478
450
8 616
4,430
10,727
9,224,105
6,977,531,676
772,959,408
890,687
* Increase.
Mortgage loan investments of building and loan associations, by States
States
Alabama
Arizona
Arkansas
California
Colorado.-Connecticut
Delaware
District of Columbia
Florida
Georgia
Illinois
Idaho
Indiana
Iowa_
Kansas
Kentucky
Louisiana
Maine
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Dakota
Tennessee
Texas...
Utah...
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Other States a
Hawaii.
Total.,
/.
_
$18, 206, 657
3, 022, 300
26, 287, 570
295,851, 951
25, 758, 506
24, 504, 750
i 13, 737, 035
82, 385, 000
7, 244, 685
5, 983, 523
379, 923, 900
4, 355,827
227, 470,000
39, 037, 376
89, 052, 540
110,196, 706
124, 379,006
22, 429,789
460, 794, 740
124,161,048
33, 219,703
12, 743, 690
158, 052, 991
17, 429,971
102, 832,373
1,077,384
13, 305,751
926,101,801
3, 899, 377
363, 867,626
65, 328,801
10, 815, 278
951, 405, 870
93, 666, 474
15, 725,139
825, 296,120
33, 228, 800
5, 445, 806
14, 668, 000
90,410,170
30,063, 715
4, 931. 543
48, 692,147
48,984, 258
27,430,879
218, 846, 585
8, 252, 261
179,800, 000
$14, 963, 727
420, 000
17, 495,436
232,428, 452
24, 906, 062
22, 642,147
12, 564, 895
83, 311, 000
6, 006,642
5, 728, 427
310, 074, 000
4,142, 535
196, 713, 421
34,334, 500
76,178, 598
100, 352, 563
102,856, 245
21,063,337
406, 400, 260
101, 623,146
30, 827,410
8,351, 246
130, 264,177
12, 346,115
84, 454,842
872, 912
12,806, 264
3 900, 000, 000
3,426, 739
332,962, 466
56, 285,134
9, 375,139
749, 559, 478
73, 493, 316
13,968,996
714, 707, 770
28, 015, 813
4, 613, 055
13, 581,171
76, 960, 311
14, 694, 201
4, 722, 729
44, 018, 097
42, 792, 203
24, 304, 732
186, 076, 388
4,849, 641
161, 950, 000
4, 213,862
4,4
6,394,725,418
1
N o report issued in 1932—figures for 1931 used.
5, 518, 699, 600
%i
Increase.
$3, 242, 930
2, 602,300
8, 792,134
63, 423,499
852,444
1,862, 603
1,172,140
2 926, 000
1, 238,043
255,096
69.849, 900
213, 292
30, 756, 579
4, 702,876
12,873, 942
9,844,143
21, 522, 761
1,366, 452
54, 394,480
22, 537, 902
2,392,293 |
4,392,444 I
27,788,814 I
5,083,856 I
18, 377, 531
204, 472
499,487
26,101,801
472, 638
30, 905,160
9,043,667
1,440,139
201,846, 392
20,173,158
1, 756,143
110, 588, 350
5, 212, 987
832, 751
1, 086, 829
13, 449,859
15,369, 514
208,814
4, 674, 050
6,192, 055
3,126,147
32, 770,197
3, 402, 620
17.850, 000
62.8
70.0
67.8
64.9
70.5
88.4
82.3
87.4
45.7
83.0
78.6
66.0
79.9
82.1
71.2
90.4
71.6
93.6
80.8
71.2
79.0
76.3
77.0
82.1
75.5
70.1
93.1
85.7
79.4
84.3
82.2
77.8
83.7
74.1
76.8
74.6
83.1
79.0
72.7
76.7
63.8
87.1
82.0
69.6
72.3
75.9
61.5
79.0
206,134
79.7
876, 025,818
713
• Estimated.
140
REPORT OF THE COMPTROLLER OP THE CURRENCY
Failures of building and loan associations, 1920-33
Total
number of
associations
8,633 $2,519,914,971
9,255 2,890,764, 621
10,009 3,342,530,953
10,744 3,942,939,880
11,844 4,765,937,197
12,403 5,509,176,154
12, 626 6,334,103,807
12,804 7,178,562,451
12, 666 S, 016,034,327
12, 343 8,695,154,220
11,777 8,828, 611, 925
11,442 8,417,375, 605
10,997 7,750,491,084
10,727 6,977,531,676
1920.
1921
1922
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
2
6
4
9
18
26
12
21
23
159
190
126
122
188
$506
91,547
158,674
132,612
$80,437, 508
61,908,529
52,818,387
215,516,812
500,000
380,725
1,013,000
568,000
2,312,626
24,676,059
22,327,842
20,337,255
43,954,547
0.00002
.0032
.0047
.0034
.0084
.0090
.0060
.0141
.0071
.0266
.2795
.2653
.2624
1
Located as follows: Alabama, 1; Arizona, 2; California, 4; Colorado, 6; Florida, 4; Illinois, 1; Indiana, 4;
Iowa, 1; Kentucky, 1; Louisiana, 1; Maryland, 1; Mississippi, 1; Missouri, 1; New Jersey, 8; New York, 1;
Ohio, 27; Pennsylvania, 17; Tennessee, 2; Texas, 1; Utah, 2; and Wyoming, 2.
MONEY IN THE UNITED STATES
Statements showing the stock of money in the United States in
the years ended June 30, 1914 to 1934, and the imports and exports
of merchandise, gold and silver in the calendar years 1914 to 1933,
and the 9 months ended September 30, 1934, follow:
Stock of money in the United States, in the Treasury, in reporting banks, in Federal
Reserve ba?iks, and in general circulation, years ended June 30, 1914 to 1934
Year ended
June 30—
1914
1915
1916
1917
1918
1919
1920...
1921
1922 . .
1923
1924
1925
1926
1927
I928_
1929
1930 .
1931
1932
1933
1934
In general circulation, exCoin and other Coin and other
HelH by or for
clusive of amounts held
Coin and money in Treas- money in report- Federal Reserve
by reporting banks,
other
ury as assets *
ing banks a
banks and agents
Federal Reserve banks
money
and Treasury
in the
United
States
PerPerPerPerPer
Amount cent Amount cent Amount cent Amount
cent capita
Millions Millions
Millions
Millions
Millions
3,797.8
338.4
8.91
1,630.0 42.92
1,829.4 48.17
4,050.8
348.2
8.60
1,447.9 35.74
383.0
9.45
1.871.7 46.21
4,541.7
299.1
6.59
1.472.2 32.41
2,177.1 47.94
593.3 13.06
269.7
4.75
1.487.3 26.19
2.579.1 45.42
5,678.8
1,342.7 23.64
363.5
5.27
882.7 12.78
6, 906.2
3.599.0 52.11
2.061.0 29.84
585.1
7.61
981.3 12.76
7, 688.4
3,895.3 50.67
2.226.7 28.96
490.7
6.01
4,420.3 54.18
_ 8,158.5
1,047.3 12.84
2.200.2 26.97
463.6
5.67
8,174.5
3,984.7 48.75
926.3 11.33
2,799.9 34.25
406.1
4.91
_ . . . 8, 276.1
814.0
9.84
3.649.2 44.09
3.406.8 41.16
386.5
4.44
8,702.8
777.1
8.93
4,046.2 46.49
3,493. 0 40.14
359.4
4.06
8,846.5
900.8 10.18
3,948.5 44.64
3,637.8 41.12
363.9
4.38
8,299.4
938.3 11.30
3,876.9 46.69
3.120.3 37.63
353.2
4.19
8,429.0
975.2 11.57
3,190.5 37.85
3.910.1 46.39
350.9
4.05
985.1 11.36
8,667.3
3.866.2 44.61
3.465.1 39.98
351.3
4.33
866.5 10.67
8,118.1
3,930.1 48.41
2.970.2 36.59
373.1
4.37
799.1
3,947.2 46.23
8,538.8
9.36
3,419.4 40.04
247.2
2.98
42.58
853.8 10.28
3,668. 2 44.16
8,306.6
3.537.3
254.9
2.81
865.5
3,956.5 43.58
9, 079. 6
9.53
4,002.7 44.08
278.2
3.09
33.66
774.1
4,921.0 54.65
9,004.4
8.60
3,031.1
314.5
3.12
649.9
10,078.4
6.45
4,043. 2 40.12
5.070.8 50.31
2,955.9 21.68
38.91
13,634.4
5,305.0
5.06
4,683.9 34.35
18.46
18.56
21.24
24.74
33.97
36.67
41.50
36.71
33.18
36.20
34.69
33.58
33.35
32.57
32.72
32.47
29.76
31.87
39.41
40.32
37.03
1
Public money in national-bank depositories to t h e credit of the Treasurer of the United States not
included.
2 Money in banks of island possessions not included.
NOTE.—Population estimated at 113,818,432 in 1924; 115,469,094 in 1925; 117,227,000 in 1926; 118,719,000
in 1927; 120,104,000 in 1928; 121,546,198 in 1929; 123,250,000 in 1930; 124,135,800 in 1931; 124,881,806 in 1932:
125,753,206 in 1933, and 126,485,606 in 1934.
REPORT OF THE COMPTROLLER OF THE CURRENCY
141
Imports and exports of merchandise, calendar years 1914 to 1933, inclusive, and
from Jan. 1 to Sept. 30, 1934
1914
1915
1916
1917__
1918
1919
1920
_
1921
1922_
1923
1924
1925
1926
1927
1928
_
1929
1930
1931
1932
1933
1934 (9months)
_.
Total, 20 years and 9 months
1
Excess of
exports over
imports
Imports of
merchandise
Exports of
merchandise
$1,789,276,001
1,778,596,695
I 2, 391, 635, 335
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
4,226,589,263
4,430,888,000
4,184,742,000
4,091,444,000
4,399,361,000
3,060,908,000
2,090,635,000
1,322,774,000
1,449,559,000
i 1,241,732,000
$3,113, 624, 050
3, 554, 670,847
5, 482, 641,101
6, 226, 255, 654
6,149, 241, 951
7, 920, 425, 990
8, 228, 016, 307
4, 485, 031, 356
3, 831, 777, 469
4,167,493,080
4,590, 983,845
4, 909, 847, 511
4,808,660,000
4,865, 375, 000
5,128, 356,000
5, 240, 995, 000
3,843,181,000
2, 424, 289,000
1,611,016,000
1, 674,994,000
i 1, 561, 366,000
$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
683, 258, 248
377,772,000
680, 633,000
1,036,912,000
841, 634,000
782, 273,000
333, 654,000
288,242,000
225, 435,000
i 319, 634,000
64,648,680,337
93,818,241,161
29,169, 560,824
Preliminary, subject to correction.
Gold and silver imports and exports in periods indicated
GOLD
Imports
1914
1915
1916
1917
1918
1919
1920
1921
. ._. _
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
„_- _
1932
1933
3 934 (9 tn ont,bs) - . ..._..
Total, 20 years and 9 months
Exports
Excess of
exports over
imports
$57, 387,741
451,954, 590
685,990, 234
552, 454, 374
62,042,748
76,534,046
417,068, 273
691, 248, 297
275,169,785
322, 715,812
319, 720,918
128, 273,172
213, 504,000
207, 535,000
168, 897,000
291, 649,000
396, 054, 000
612,119, 000
363, 315,000
193,197,000
956, 628,000
$222,616,156
31, 425, 918
155,792,927
371, 883, 884
41, 069, 818
368,185, 248
322, 091,208
23,891, 377
36,874,894
28, 643,417
61,648, 313
262, 639, 790
115, 708,000
201, 455,000
560, 760,000
116, 583, 000
115,967,000
466, 794,000
809, 528, 000
366, 652,000
50,136,000
$165,228, 415
7, 443, 457, 990
4, 730, 345, 950
1,602,777,235
Excess of
imports over
exports
$420, 528, 672
530,197, 307
180,570,490
20,972, 930
291,651,202
94,977,065
667, 356, 920
238, 294,891
294,072, 395
258, 072, 605
134, 366, 618
97, 796,000
6, 080,000
391,863,000
175,066,000
280,087,000
145, 325,000
446, 213, 000
173,455,000
906, 492,000
4, 315,889, 275
142
REPORT OF THE COMPTROLLER OF THE CURRENCY
Gold and silver imports and exports in periods indicated—Continued
SILVER
1914
1915
1916
1917
_
1918
1919
1920 . .
1921
1922
.
1923
1924
1925-.
1926
1927
.
1928
1929
1930. —
1931
1932
1933
1934 (9 months)
—
. .
_
Total, 20 years and 9 months
.-
Excess of
exports over
imports
Imports
Exports
$25,959,187
34,483,954
32, 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
64, 595, 418
69, 596, 000
55,074, 000
68,117, 000
63,940,000
42, 761, 000
28, 664, 000
19, 650,000
60, 225, 000
64, 579, 000
$51,603,060
53, 598,884
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
99,127, 585
92, 258,000
75,625, 000
87, 382, 000
83,407, 000
54,157, 000
26, 485, 000
13, 850, 000
19, 041, 000
12, 678,000
$25, 643, 873
19,114,930
38, 331, 748
30, 790, 399
181, 470, 765
149,611,033
25,556,183
1,214,541,839
1, 726,164,688
634, 338, 229
Excess of
imports over
exports
$11,667,272
7,999, 367
1,984, 741
35,946,131
34, 532,167
22,662,000
20, 551,000
19,265,000
19, 467,000
11, 396, 000
2,179, 000
5,800,000
41,184,000
51, 901,000
122, 715, 380
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE
UNITED STATES
The statement following shows the assets and liabilities of governmental corporations and credit agencies of the United States as of
September 30, 1934:
Assets and liabilities of governmental credit agencies, Sept. 80, 1984
f Compiled by 17. S. Treasury Department from reports received from organizations concerned. In millions of dollars]
Financed wholly from Government funds
Total
Total
Regional
ReconComPublic Agricul- Producstruction moditv Export- Works
tion
tural
Finance Credit Import
Credit
Credit CorporaCorpora- Corpora- banks Administration
Corporation
tion
tion
tions
§
Other
3
ASSETS
Loans—total
Preferred stock, capital notes, and debentures of bank and trust companies
Cash—total
.
_ . . . _ .
Investments:
United States securities
...
__
. . . . _.
Obligations guaranteed by United States
Federal land bank bonds .
.
.._
Intermediate credit bank securities
- - -Production credit associations—class A stock
Other assets
Total assets
..
6,884
i 793
353
2,404
i 793
49
500
143
456
2
80
357
13
80
188
45
2
9,568
3,553
2,646
81
79
1,799
i 793
9
203
1
14
274
49
2
(2)
26
2
20
3
9
26
(2)
14
2
6
80
1
131
206
58
113
435
W
i
§
LIABILITIES
Bonds, notes, and debentures:
Obligations guaranteed by United States
All other
Other liabilities (including reserves)
___
Total liabilities
Excess of assets over liabilities, exclusive of interagency transactions
Privately owned interests
United States Government interests
Distribution of Government interests:
Capital stock
Surplus.
Intera°rencv interest (net)
1
Includes $100,000 of preferred stock of insurance companies.
-__
-
i
2,198
2,555
400
246 i
98
95 :
246
55
(2)
(2)
5,153
439 i
301
(2)
(2)
5
3
131
4,415
291
3,114 i
2,346
81
13
206
53
110
305
4, 124
3,114
2, 346
81
13
206
53
110
305
3,987
137
2,953
63
98 !
500
63
1,783
3
1
14
3 305
44
110
-99
9
3 1,977
-1
-1,672
Less than $500,000.
77
3
Nonstock.
98
33
5
1
a
o
Deficit less than $500,000.
CO
Assets and liabilities of governmental credit agencies, Sept. 80, 1934 —Continued
Financed partly from Government funds
Total
Federal Federal
Farm Banks
Federal inter- Mortfor
land mediate gage
cooperbanks credit Corpobanks ration atives
Home
loan
banks
Home
Owners'
Loan
Corporation
Federal
Federal
Savings Federal
Deposit
& Loan savings
and
i
InsurInsurloan 1 ance
ance
assoj
CorpoCorpo- ciations ! ration
ration
O
w
(-3
ASSETS
Loans—total...
Cash—total
Investments:
United States securities
Obligations guaranteed bv United States
Federal land bank bonds
Intermediate credit bank securities
Other assets .
__
Total assets
..
-.-_
_
_ .
4, 480
304
1,870
9
9
191
19
487
143
430
67
29
74
516
18
23
10
87
5
77
2
14
1,793
164
(2)
i
100
430
169
125
5
5
6,015
2,120
289
969
113
1
24
1
4 i
3
108
1,980
101
4 |
329
i
1
1
1
w
i
328
170
a
4 |
158
4
150
2 Less than $500,000.
3
|
LIABILITIES
Bonds, notes, and debentures:
Obligations guaranteed by United States
All other
Other liabilities (including reserves)
Total liabilities
_._
Excess of assets over liabilities, exclusive of interagency transactions
Privately owned interests
United States Government interests
Distribution of Government interests:
Capital stock
Surplus
Interagency interest (net)
60
266
1,952
2,457
305
724
1,645
214
182
4
49
(2)
4
1,228
630
32
4,714
1,859
186
773
(2)
4
1,890
1,301
291
261
99
103
196
104
22
90
113
1
101
1,010
163
103
196
112
82
90
101
1,034
74
-98
118
51
70
33
200
-4
110
2
81
1
200
—9
-101
100
1
1
-„
4
.,
i
!
8
3
a
REPOBT OF THE COMPTROLLER OF THE CURRENCY
145
RECONSTRUCTION FINANCE CORPORATION
The following report issued by the Reconstruction Finance Corporation shows a statement of condition of the Corporation as of the
close of business September 30, 1934.
Statement of Condition of the Corporation as of the close of business Sept. 80, 1934
ASSETS
Cash on deposit with Treasurer of United States
Funds held in suspense by custodian banks
1
Petty cash funds and travel advances
Allocated for expenses Regional Agricultural Credit Corporations (under Farm Credit Administration) _ _
Allocated for Federal Emergency Relief Administration (1933
relief act)
Allocated to Secretary of Treasury 32
Allocated to Secretary of Treasury
Allocated to Lank Bank Commissioner *__„ $300, 000, 000. 00
Less—Reallocated to Federal Farm
Mortgage Corporation
$55, 000, 000. 00
Allocated to Federal Farm Mortgage Corporation
Allocated5 to Federal Housing Administrator
_
Allocated to Secretary of Agriculture 6
200, 000? 000. 00
Less:
Reallocated as
Capital Regional Agricultural Credit Corporations
$44, 500, 000. 00
Reallocated t o
Governor o f
Farm Credit
Administration
40, 500,000. 00
85, 000, 000. 00
Capital Regional Agricultural Credit Corporations
Allocated for revolving fund (capital
Regional Agricultural Credit Corporations)
10, 430, 784. 00
500, 000, 000. 00
124, 741, 000. 00
200, 000, 000. 00
245, 000, 000. 00
55,000,000. 00
10,000,000. 00
115> 000, 000. 00
44, 425, 000. 00
75, 000. 00
Allocated to Governor, Farm Credit Administration
Loans under sec. 5:
Proceeds disbursed (less repayments):
Banks and trust companies 7
$591, 972, 462. 74
Credit unions
388, 433. 71
7
Building and loan associations __ 28, 251, 589. 10
Insurance companies
30, 721, 842. 67
Federal land banks
116, 040, 026. 31
Joint-stock land banks
7, 695, 963. 33
Livestock credit corporations
1, 603, 991. 27
7
Mortgage loan companies
160, 767, 094. 87
Regional agricultural credit corporations
_
4, 388, 954. 68
See footnotes at end of table.
$1, 894, 965. 07
7, 256, 404. 31
10, 375. 00
44, 500, 000. 00
40, 500, 000. 00
146
REPORT OF THE COMPTROLLER OF THE CURREKCY
Statement of Condition of the Corporation as of the close of business Sept. 80, 1984—
Continued
ASSETS—continued
Loans under sec. 5—Continued.
Proceeds disbursed (less repayments)—Continued.
Other agricultural credit corporations
$795, 723. 63
Railroads (including receivers) ___ 343, 286, 893. 17
Processors or distributors for payment of processing taxes
2, 473. 37
State funds for insurance of
deposits of public moneys
1, 840, 680. 43
—
$1, 287, 756, 129. 28
Proceeds not yet disbursed:
7
Banks and trust companies
223, 001, 183. 08
Insurance companies
370, 000. 00
Joint-stock land banks
1, 160, 085. 39
Livestock credit corporations
173, 059. 15
Mortgage loan companies 7
101, 407, 100. 15
Regional Agricultural Credit Corporations
593, 836. 83
Other agricultural credit corporations
275, 000. 00
Railroads (including receivers)
2, 756, 614. 90
329, 736, 879. 50
Loans to industrial and commercial businesses:
Proceeds disbursed
1, 915, 825. 19
Proceeds not yet disbursed
10, 040, 996, 73
Loans and contracts for self-liquidating projects, sec. 201-a:
Proceeds disbursed (less repayments): (By purchase of
bonds, certificates and notes—par $104,301,295.98)..
102, 933, 135. 50
Proceeds not yet disbursed (contracts, bonds, certificates,
and notes—par $107,819,000)
106, 442, 969. 87
Loans for repair or reconstruction of property damaged by
earthquake, etc.:
Proceeds disbursed (less repayments)
8, 250, 659. 35
Proceeds not yet disbursed
3, 635, 054. 82
Loans under sec. 201-c, for financing sale of agricultural surpluses in foreign markets:
Proceeds disbursed (less repayments)
14, 953, 570. 45
Proceeds not yet disbursed
3, 778, 061. 88
Loans to institutions under sec. 201-d:
Proceeds disbursed (less repayments)
81, 537, 612. 69
Proceeds not yet disbursed
295, 529, 500. 29
Loans to drainage, levee and irrigation districts:
Proceeds disbursed (less repayments)
9, 478, 794. 34
Proceeds not yet disbursed
64, 369, 870. 03
Loans to public-school authorities—proceeds disbursed
22, 300, 000. 00
Loans secured by preferred stock insurance companies:
Proceeds disbursed (less repayments)
25, 785, 000. 00
Proceeds not yet disbursed
3, 500, 000. 00
Loans secured by preferred stock banks and trust companies:
Proceeds disbursed (less repayments)
22, 289, 381. 38
Proceeds not yet disbursed
2, 161, 825. 00
Relief authorizations (1932 act):
Proceeds disbursed (less repayments)
298, 227, 406. 00
Proceeds not yet disbursed
15, 001. 00
Preferred stock, banks and trust companies:
Purchased (less retirements)
545, 598, 716. 90
Subscriptions authorized
65, 823, 460. 00
Preferred stock, insurance company—purchased
100, 000. 00
See footnotes at end of table.
REPORT OF THE COMPTROLLER OF THE CURRENCY
147
Statement of Condition of the Corporation as of the close of business Sept. 30, 1984-Continued
ASSETS—continued
Capital notes and debentures, banks and trust companies:
Purchased (less retirements)
$259, 771, 800. 00
Subscriptions authorized
.
74, 865, 000. 00
Advances for care and preservation of collateral:
Proceeds disbursed (less repayments)
227, 867. 16
Proceeds not yet disbursed
118, 868. 45
Collateral purchased (cost less proceeds of liquidation)
1, 739, 089. 04
Accrued interest receivable
43, 383, 538. 50
Reimbursable expense
632, 020. 16
Furniture and
fixtures
$627, 541. 26
Less allowances for depreciation
99, 544. 21
527, 997. 05
Total
5, 041, 759, 558. 94
LIABILITIES AND CAPITAL
Payable on certificate of Federal Emergency Relief Administration (1933 relief act)
Payable to Secretary of the Treasury4 2
Payable to land-bank commissioner
Payable for capital Regional Agricultural Credit Corporations.
Callable by Farm Credit Administration for expenses of
Regional Agricultural Credit Corporations
Liability for funds held as cash collateral
Proceeds not yet disbursed:
Loans under sec. 5
Loans to industrial and commercial businesses
Loans and contracts for self-liquidating projects section
201-a
Loans for repair or reconstruction of property damaged
by earthquake, etc
Loans under sec. 2pi-c, for financing sale of agricultural
surpluses in foreign markets
Loans to institutions under sec. 201-d
Loans to drainage, levee and irrigation districts
Loans secured by preferred stock insurance companies, _
Loans secured by preferred stock banks and trust companies
Relief authorizations (1932 act)
Advances for care and preservation of collateral
Subscription authorizations:
Preferred stock,banks and trust companies.
„ _„
Capital notes and debentures banks and trust companies
Cash receipts not allocated pending advices
__
Miscellaneous liabilities (including suspense)
.
Liability for funds held pending adjustment
Unearned discount
Interest paid in advance
Interest and dividend refunds and rebates payable
Interest accrued
See footnotes at end of table.
410, 597. 82
43, 295, 300. 00
97, 400, 000. 00
75, 000. 00
3, 878, 744. 27
7, 456, 315. 31
329, 736, 879. 50
10, 040, 996. 73
106, 442, 969. 87
3, 635, 054. 82
3, 778, 061. 88
295, 529, 500. 29
64, 369, 870. 03
3, 500, 000. 00
2, 161, 825. 00
15, 001. 00
118, 868. 45
65, 823, 460. 00
74, 865, 000. 00
13, 804, 851. 28
11, 477, 412. 05
2, 546. 32
58, 321. 56
142, 951. 54
87, 998. 20
19, 918, 743. 52
148
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of Condition of the Corporation as of the close of business Sept. 30, 1934—
Continued
LIABILITIES AND CAPITAL—continued
Deferred credits:
Income on collateral purchased-_.
$134, 226. 10
Premium on sale of notes
105, 223. 82
$239, 449. 92
Notes—Series D, E, F, G, and H
3, 320, 964, 666. 67
Capital stock
500, 000, 000. 00
Surplus Dec. 31, 1933
$39, 102, 163. 64
Reserve for self-insurance
100, 000. 00
39, 202, 163. 64
Surplus adjustment
11, 786. 33
Interest earned and dividends collected less interest and expenses Jan. 1, 1934, through Sept. 30, 1934
23, 315, 222. 94
Total
5, 041, 759, 558. 94
2
Sec. 2 of the Reconstruction Finance Corporation Act, as amended by the Federal Home Loan Bank
Act, provides that "in order to enable the Secretary of the Treasury to make payments upon stock of
Federal home-loan banks subscribed for by him in accordance with the Federal Home Loan Bank Act,
the sum of $125,000,000 or so much thereof as may be necessary for such purpose, is hereby allocated and
made available to the Secretary of the Treasury out of the capital of the Corporation and/or the proceeds
of notes, debentures, bonds, and other obligations issued by the Corporation." The amount of such
stock subscribed for by the Secretary of the Treasury is $124,741,000.
3 Sec. 4-b of the Home Owners' Loan Act of 1933, provides that "the Board (Federal Home Loan Bank
Board) shall determine the minimum amount of capital stock of the Corporation (Home Owners' Loan
Corporation) and is authorized to increase such capital stock from time to time in such amounts as may
be necessary, but not to exceed in the aggregate $200,000,000. Such stock shall be subscribed for by the
Secretary of the Treasury on behalf of the United States, and payments for such subscriptions shall be
subject to call in whole or in part by the Board and shall be made at such time or times as the Secretary of
the Treasury deems advisable. In order to enable the Secretary of the Treasury to make such payments
when called, the Reconstruction Finance Corporation is authorized and directed to allocate and make
available to the Secretary of the Treasury the sum of $200,000,000, or so much thereof as may be necessary,
and for such purpose the amount of notes, bonds, debentures, or other such obligations which the Reconstruction Finance Corporation is authorized and empowered under sec. 9 of the Reconstruction Finance
Corporation Act, as amended, to have outstanding at any time, is hereby increased by such amounts
as may be necessary." The amount of such stock subscribed for by the Secretary of the Treasury is
$200,000,000.
* Sec. 30 (a) of the Emergency Farm Mortgage Act of 1933 made $100,000,000 available to the farm loan
(now land bank) commissioner for loans to joint-stock land banks. Sec. 32 of the same act made $200,000,000
available to the farm loan (now land bank) commissioner for direct loans to farmers. Of the amount made
available under sec. 32, $145,000,000 was paid to the land bank commissioner and the balance $55,000,000
was reallocated and paid to the Federal Farm Mortgage Corporation under sec. 3 of the Federal Farm
Mortgage
Corporation Act.
5
Under the provisions of sec. 4 of the National Housing Act of 1934 which states that "the Reconstruction Finance Corporation shall make available to the Administrator such funds as he may deem necessary",
$10,000,000 has been paid to the Federal Housing Administrator.
6
Sec. 2 of the Reconstruction Finance Corporation Act as amended made available to the Secretary of
Agriculture $200,000,000. Of this amount $135,000,000 was paid to him of which $20,000,000 was returned
to the Corporation. Of the $85,000,000 difference $44,500,000 was reallocated and disbursed as capital of the
Regional Agricultural Credit Corporations (sec. 201 (e) Emergency Relief and Construction Act of 1932).
The remainder, $40,500,000, was made available and has been paid to the Governor of the Farm Credit
Administration,
pursuant to the provisions of sec. 5 (a) (1) of the Farm Credit Act of 1933.
7
Loans under sec. (5) of the Reconstruction Finance Corporation Act to aid in the reorganization or
liquidation of closed institutions have been authorized in the aggregate amount of $962,763,895.68 of which
$110,717,554.60 has been canceled. After taking into consideration repayments of $255,878,864.11 items (6)
of the balance sheet include the balance of $367,251,476.61 representing proceeds disbursed (less repayments)
and $228,916,000.36 representing proceeds not yet disbursed, exclusive of $14,983,666.21 loans approved in
principle upon the performance of specified conditions.
In addition to loans and other authorizations reflected on the statement of condition, the Corporation has approved in principle loans in
the amount of $175,954,616.21 and purchase of preferred stock,
capital notes and debentures of banks and trust companies in the
amount of $55,338,140 upon the performance of specified conditions.
This statement of condition does not take into consideration expenditures incurred but not paid by the Corporation at the close of
business September 30, 1934, nor income of Regional Agricultural
Credit Corporations whose capital stock was subscribed by the
Corporation.
REPORT OF THE COMPTROLLER OF THE CURRENCY
149
FARM CREDIT ADMINISTRATION
The statement following shows the assets and liabilities of the
Farm Credit Administration as of October 31, 1934:
Consolidated statement of condition Oct. 31, 1934
ASSETS
Loans and discounts:
Agricultural credit corporations
Real-estate mortgages
Crop, livestock and commodities
Cooperative associations
Joint-stock land banks
Other—stabilization
$1, 072, 565. 91
2, 459, 996, 403. 98
318, 491, 411. 52
106, 078, 465. 69
707, 566. 72
95, 256, 638. 78
Accrued interest receivable
Accounts and other receivables
„
Cash:
With United States Treasury
On hand and in banks
1
In trust funds
36, 935, 476. 06
60, 718, 666. 54
7, 546, 289. 68
Investments:
United States securities
F. F. M. C. bonds
F. L. B. bonds
P. C. A.—class A stock
Other investments
131, 411, 262. 51
115, 232, 177. 18
489, 113, 396. 87
88, 115,025. 00
93,641. 41
Real estate and business property:
Banking house and equipment
Stores and supplies
Real estate and other property
held for sale
105, 200, 432. 28
823, 965, 502. 97
5, 509, 244. 75
25, 427. 02
77, 192, 016. 15
Other assets
Total assets other than interagency
Interagency assets:
Due from governmental corporations
Allocations from R. F. C
$ 2j 981, 603, 052. 60
42, 770, 832. 73
16, 987, 415. 39
8 2,
726, 687. 92
2, 722, 860. 89
._ 4, 055, 976, 784. 78
51, 618, 232. 29
100, 926, 494. 27
152, 544, 726. 56
Total all assets
4, 208, 521, 511. 34
LIABILITIES
Bonds,
F.
F.
F.
notes and debentures:
F. M. C. bonds
L. B. bonds
I. C. B. bonds
_.._
Accrued interest payable:
Guaranteed by United States
Not guaranteed by United States..Other liabilities:
Deferred income
Other indebtedness
$796,115,200.00
1, 686, 196, 260. 00
177,680,000.00
9, 589, 713. 01
32, 248, 914. 31
6, 166, 893. 04
112, 523, 113. 25
Reserves—for uncollectible items
Total liabilities other than interagency
Interagency liabilities—due to governmental corporations
or agencies
106093—35
11
2, 659, 991, 460. 00
41, 838, 627. 32
118,690,006.29
170, 772, 349. 43
2, 991, 292, 443. 04
169, 249, 484. 84
150
REPORT OF THE COMPTROLLER OF THE CURRENCY
Consolidated statement of condition Oct. 81, 1984—Continued
LIABILITIES—continued
Capital and surplus:
Capital
Paid-in surplus
Undivided profits
$1, 034, 240, 178. 21
9,431,331. 55
166, 163. 11
Surplus reserves:
Legal reserve
Other—contingent
2, 673, 625. 42
1, 468, 285. 17
Total all liabilities
$1, 043, 837, 672. 87
4, 141, 910. 59
4, 208, 521, 511. 34
Federal land banks
The statement following shows the condition of the 12 Federal land
banks as of September 30, 1934, taken from report compiled by the
Farm Credit Administration:
Consolidated statement Sept. 80, 1934
ASSETS
Mortgage loans, less principal portion of full advance payments and reserve
$1, 789, 630, 397. 65
Installments matured and unpaid by borrowers, less partial
payments and reserves for installments delinquent
38, 130, 196. 06
Tax and insurance advances, etc., less reserves
13, 071, 789. 47
Purchase money mortgages and contracts, less reserves
39, 298, 017. 42
Cash on hand and in banks
28, 667, 523. 44
Due from Secretary of Treasury (interest reductions and
paid-in surplus)
5, 901, 548. 64
United States Government obligations, direct and fully
guaranteed
96, 213, 177. 10
Other securities
44, 339. 83
Accrued interest receivable (not yet due)
26, 284, 808. 06
Real estate owned, less reserves
67, 193, 697. 89
Sheriffs' certificates, judgments, etc., less reserves
10, 956, 098. 71
Notes receivable (interest not accrued), less reserves
329, 961. 20
Banking house, furniture, fixtures, equipment, etc. (net after
depreciation reserves)
4, 676, 725. 55
Prepaid and deferred expenses
513, 452. 32
Other assets
1, 912, 383. 71
Total
2, 122, 824. 117. 05
LIABILITIES
Farm-loan bonds outstanding, less bonds held by banks
1, 645, 370, 760. 00
Notes payable to Reconstruction Finance Corporation
115, 891, 884. 92
Matured interest on farm-loan bonds (coupons not presented)
957, 366. 21
Deferred proceeds of loans
53, 382, 643. 55
Accounts payable
1, 765, 002. 25
Dividends declared but unpaid
217, 257. 28
Trust accounts
4, 306, 717. 54
Advance installment payments
1, 511, 128. 17
Other liabilities
1, 553, 311. 23
Accrued interest payable (not yet due), less interest on bonds
held by banks
,
22, 068, 569. 97
Other accrued interest payable
1, 014, 502. 07
Deferred income
3, 782, 316. 75
Capital stock
216, 380, 080. 00
Paid-in surplus
50, 614, 445. 76
Legal reserves
4, 008, 131. 35
Total
.
2, 122, 824, 117. 05
REPOET OF THE COMPTROLLER OF THE CURRENCY
151
Federal intermediate credit banks
The statement following shows the condition of the 12 Federal
intermediate credit banks as of September 30, 1934, taken from report
compiled by the Farm Credit Administration:
Consolidated statement Sept. 30, 1984
ASSETS
Loans and discounts
_ _ . . $191, 390, 681. 93
Notes receivable
„___„
2,977, 572. 06
Cash on hand and in banks
18, 720, 269. 94
United States Government obligations, direct and fully.
guaranteed
74, 082, 339. 88
Other securities
53, 000. 00
Accounts receivable
353, 902. 92
Interest accrued
1, 341, 475. 28
Furniture, fixtures, and equipment (net)
21. 00
Prepaid and deferred expenses
37, 406. 33
Other assets
52, 570. 46
Total
289, 009, 239. 80
LIABILITIES
Debentures (authorized and executed)
Accounts payable
Liability for cash collateral
Deferred proceeds, loans, and discounts
Interest accrued; debentures
Interest collected, not earned
Unamortized premium on own debentures issued and outstanding
Other liabilities
Capital stock paid in
Surplus paid in
Earned surplus, reserves for contingencies, and undivided
profits
Total
181, 770, 000. 00
210, 625. 14
630, 391. 82
927, 466. 60
1, 147, 112. 18
455, 290. 72
517, 398. 85
535,625. 28
70, 000, 000. 00
30, 000, 000. 00
2, 815, 329. 21
289, 009, 239. 80
Joint-stock land banks
On September 30, 1934, there were 44 joint-stock land banks in
operation, 1 in voluntary liquidation and 3 in process of liquidation
through receivership. A consolidated statement of condition of the
active banks on the date indicated was not compiled by the Farm
Credit Administration, as heretofore, although individual statements
of such banks, as well as of the banks in process of liquidation through
receivership, are available.
The Emergency Farm Mortgage Act of 1933, approved May 12,
1933, provided that "After the date of enactment of this act, no
joint-stock land bank shall issue any tax-exempt bonds or make any
farm loans except as are necessary and incidental to the refinancing
of existing loans or bond issues or to the sale of any real estate now
owned or hereafter acquired by such banks." The act in effect
prohibits joint-stock land banks from acquiring new business and
restricts them to the orderly liquidation of their existing assets.
Sections 30 and 31 of the Emergency Farm Mortgage Act of 1933,
as a means of expediting the required liquidation, authorized and
directed the Reconstruction Finance Corporation to make available
to the Land Bank Commissioner for a period not exceeding 2 years
from date of enactment of the act, the sum of 100 million dollars to
be used for the purpose of making loans to the joint-stock land banks
152
REPORT OF THE COMPTROLLER OF THE CURRENCY
organized and doing business under the Federal Farm Loan Act, as
amended, at a rate of interest not to exceed 4 percent per annum,
payable annually,
FEDERAL HOME-LOAN BANK SYSTEM
The statement following shows the assets and liabilities of the
Federal Home Loan Bank System as of October 31, 1934:
Consolidated statement Oct. 81, 1934
ASSETS
Cash:
On hand
On deposit with United States Treasurer
On deposit with affiliated banks
On deposit with commercial banks
Total cash
Loans outstanding:
Members
Affiliated banks
Other
Total loans
Accrued interest receivable:
Members
Affiliated banks:
Loans
Deposits
Securities
_
_ __ ___
Other
Total accrued interest
Investments:
United States Government
Other
Total investments
Furniture and fixtures (net)
Deferred charges:
Prepaid assessment—Federal Home Loan Bank Board
Prepaid bond premium
Other
Total deferred
Other assets:
Accounts receivable
Other
Total other assets-Total assets
Liabilities:
Deposits:
Members
Affiliated banks
Other
Loans:
Affiliated banks
Other
Accrued interest:
Member deposits
Affiliated banks:
Loans
Deposits.__
$13, 118.05
2, 114, 647. 42
1,450,000. 00
1, 513, 842. 82
5, 091, 608. 29
86, 839, 152.
600, 000.
7, 178.
87, 446, 330.
45
00
41
86
377,730.39
1,347.95
4, 547. 95
132,263.23
403. 38
516, 292. 90
= = =
16, 003, 335. 68
0
16, 003, 335. 68
22, 227. 4-2
2, 435,
4, 099.
10, 052.
16, 587.
22
62
32
16
8, 590. 97
78, 877. 47
87, 468. 44
_ _ 109, 183, 850. 75
LIABILITIES AND CAPITAL
1, 635, 982. 91
1, 450, 000. 00
1, 840. 20
600, 000. 00
0
1, 162. 66
•
.
.
....
1, 347. 95
4, 646, 58
REPORT OF THE COMPTROLLER OF THE CURRENCY
153
Consolidated statement Oct. 31, 1934—Continued
LIABILITIES AND CAPITAL—continued
Liabilities—Continued.
Accounts payable
Other
___ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _
Total liabilities
$3, 038. 49
1,127.71
3,699, 146.50
Capital:
Capital stock:
Fully paid—issued and outstanding:
Members
United States Government
19, 282, 900. 00
81, 645, 700. 00
100, 928, 600. 00
Subscriptions to capital stock:
Members and applicants
Less—balance due
4, 027, 200. 00
2, 096, 188. 88
1, 931,011. 12
43, 095, 300. 00
43, 095, 300. 00
United States Government
Less—balance due
Surplus:
Reserves:
As required under section no. 16 of act
United States Government 2-percent dividend
Other
Surplus—unallocated
Total surplus and reserves
563, 392. 81
1, 120, 864. 08
0
940, 836. 24
2, 625, 093. 13
Total capital
105, 484, 704. 25
Total liabilities and capital
109, 183, 850. 75
Home Owners' Loan Corporation
The statement following shows a summary of the operations of the
Home Owners' Loan Corporation from the date of its organization
to the close of business on November 29, 1934:
Summary of operations
Applications received:
Number
1, 757, 000
Amount
.
$5, 684, 772, 000
Average per application
$3, 235
Loans closed:
Number
670, 000
Amount:
Bonds issued and in process of issuance:
4-percent bonds dated July 1, 1933,
due July 1, 1951
$325,320,000
Series A 3-percent bonds dated
May 1, 1934, due May 1, 1952__ 926, 204, 000
Series B 2%-percent bonds dated
Aug. 1, 1934, due Aug. 1, 1949__ 532, 845, 000
1, 784, 369, 000
Cash advances added to principal of
loans
Interest capitalized
Professional fees capitalized
_
Average loan closed
.
224, 377,000
8, 590, 000
4, 401, 000
2, 021, 737, 000
__ .
$3,016
154
REPORT OF THE COMPTROLLER OF THE CURRENCY
In addition to bonds of $1,784,369,000 issued in exchange for home
mortgages and shown above, the following bonds have been issued
for cash and for subscription to the capital stock of the Federal
Savings and Loan Insurance Corporation:
Series A 3-percent bonds dated May 1, 1934, due May 1, 1952___ $168, 872, 000
Series C 1 ^-percent bonds dated Aug. 15, 1934, due Aug. 15, 1936_ 49, 736, 000
Series D 1%-percent bonds dated Aug. 15, 1934, due Aug. 15, 1937. 49, 843, 000
Series E 2-percent bonds dated Aug. 15, 1934, due Aug. 15, 1938__ 49, 532, 000
Total
~~3l77983, 000
FEDERAL DEPOSIT INSURANCE CORPORATION
The following preliminary reports issued by the Federal Deposit
Insurance Corporation show a condensed balance sheet as of June 30,
1934, a condensed statement of net operating expenses and losses of
the Corporation from its organization to June 30, 1934, and a statement of statistical data with respect to deposits eligible for insurance
as certified to by members of the insurance funds.
Preliminary condensed balance sheet, June 30, 1934
ASSETS
Cash on deposit with United States
Treasury
$99, 247, 340. 84
United States Government Securities
(market value $235,260,444.59) cost___ 227,782,343.36
Accrued interest receivable
1, 463, 691. 77
$328, 493, 375. 97
Furniture and fixtures and miscellaneous unamortized charges.
116, 788. 33
Total assets
328, 610, 164. 30
LIABILITIES
Capital and membership liabilities:
United States Government subscription to capital stock (paid)
$150,000,000.00
Federal Reserve Banks subscription to
capital stock (paid)
139, 299, 556. 99
Temporary Federal deposit insurance
fund members (not withdrawing
from the fund) :
Assessment (paid)
30, 170, 385. 77
Less portion of net operating expenses and losses to June 30,
1934
700, 604. 72
29, 469, 781. 05
Current liabilities:
Assessment refunds due members withdrawing from the temporary Federal
deposit insurance fund:
Assessment (paid)
Less portion of net operating expenses and losses to June 30,
1934
Miscellaneous accounts payable and
reserve for undetermined expenses
and losses
Total liabilities
318, 769, 338. 04
9, 494, 254. 81
220, 471. 81
9, 273, 783. 00
567, 043. 26
9 8 4 0 8 2 a 2G
'
'
" 328, 610, 164. 30
REPORT OF THE COMPTROLLER OF THE CURRENCY
155
Preliminary condensed statement of net operating expenses and losses to June 80,1934
Operating expenses (including provision of $400,000 for estimated suspense items)
$3, 207, 365. 15
Less income from investments
2, 388, 788. 62
Net operating expenses
818, 576. 53
Provision for insurance losses
102, 500. 00
Net operating expenses and losses
921, 076. 53
Allocation of net operating expenses and losses:
Members not withdrawing from the fund
700, 604. 7 2
Members withdrawing from the fund
220, 471. 81
Total
921,076. 53
Preliminary statement of statistical data
Deposits eligible for insurance (as certified to by members of the fund):
Members not withdrawing from the fund:
National banks
_ __
__
__ _
State banks—members of the Federal Reserve System
State banks—not members of the Federal Reserve System:
Mutual savings banks
__
Others
Total
Members withdrawing from the fund:
State banks—not members of the Federal Reserve System:
Mutual savings banks
Others...
Total
Grand total.
Amount
Ratio to
total
$6,138, 759,180.54
2, 592, 239, 202. 31
700, 287,912. 26
2, 636,866,816.40
12,068,153. 111. 51
Percent
76.06
3, 788,084,199.15
9,617, 778. 47
_ _ _.
3, 797, 701, 977. 62
23.94
15,865,855,089.13
100.00
i
Total
Members of the fund as of June 30, 1934:
National banks-_
State banks—members of the Federal Reserve System
State banks—not members of the Federal Reserve System:
Mutual savings banks
Others
__
_._.__
Total
5,421
959
5,421
959
None
235
7,555
68
7,534
167
21
14,170
13,982
188
Cost of insurance to June 30, 1934, for each $1,000 deposits eligible for insurance
Ratio of cost of insurance to June 30, 1934, to assessments paid
Not with- Withdrawing drawing
percent.-
None
$0.058054
2.3222
156
REPORT OF THE COMPTROLLER OF THE CURRENCY
The following tabulations, which were compiled by the Federal
Deposit Insurance Corporation, are based on deposit information
requested by the corporation and used as the basis for adjusted
insurance assessments on banks as of October 1, 1934:
Insured accounts and insured deposits, by States, for insured commercial banks as of
Oct. 1, 1934
State
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
_
Iowa
Kansas
Kentucky
Louisiana
M aine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio.Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Total
Number
of b a n k s
206
15
211
254
144
109
44
22
144
262
61
858
482
543
430
390
146
66
181
212
396
653
203
637
120
380
9
57
387
42
773
239
198
672
396
102
1,072
16
94
213
316
820
59
76
319
187
168
611
62
14,057
Ratio fully Insured de- **?*£ ft"
insured to posit? (000
totalde.
total acomitted)
counts
posits
Fully insured accounts
Total accounts
636. 252
71,869
298, 602
3, 767, 707
404, 657
618,823
117, 248
463,878
406, 973
777, 396
116,441
3,091, 245
1,201,172
898,818
663, 058
875,787
545,130
416,813
710, 246
1,456,514
1, 383, 587
1, 214,825
325, 921
1,610,310
161,925
496, 028
23,890
157,274
2,823, 070
67,506
5, 250, 707
583, 501
164, 379
2,943, 767
691,113
417, 743
5, 504, 562
340,649
213,848
195, 397
830, 563
1, 762, Oil
214, 685
231,108
1,125, 007
501,908
717,411
1,416,287
113,105
640,989
72,886
301, 726
3,849, 510
410,161
628, 580
120,418
470, 204
411,372
784,827
117,800
3,141,406
1, 212, 535
907, 411
659, 066
883, 355
551,406
421, 380
720, 243
1,488,183
1,400,368
1,229,049
329, 228
1, 630, 952
164,850
502.114
24, 328
158,929
2,860, 256
68, 201
5,400,946
589,574
165, 775
2, 976, 625
698,108
422.115
5, 581, 004
346, 971
215, 945
197,167
838,134
1,785,806
217,510
233, 524
1,135, 522
508, 778
722,420
1,428,617
114,282
Percent
99.26
98. 60
98.96
97.87
98.66
98.45
97.37
98.65
98.93
99.05
98.85
98.40
99.06
99.05
99.10
99.14
98.86
98.92
98.61
97.85
98.80
98.84
99.00
98.73
98.23
98.79
98.20
98.96
98.70
98. 98
97.22
98.97
99.16
98. 90
99.00
98.96
98.63
98.18
99.03
99.10
99.10
98.67
98.70
98.97
99.07
98.65
99.31
99.14
98.97
49, 020, 716 49, 750, 556
98.53
148, 264
128, 577
1, 715, 700
116, 096
50,428
54, 284
174, 093
472,697
61, 590
79, 503
264,783
164, 405
140,104
406, 719
31,164
Percent
59.70
59.04
63.52
52.52
52.78
50.77
46.70
53.65
50.77
50. 63
66.23
37.23
60.29
65.04
61.33
63.85
45.48
73.55
45.82
38.78
51.51
53.61
65. 55
44.11
63.70
57.74
63.02
67.13
63.72
63.77
23.70
51. 05
78.65
56.13
49.62
63.46
46.70
53.99
58.22
71.87
53.47
48.53
56.16
84.07
61.94
53. 47
65.67
65.65
68.26
15,651,805
43. 50
$107,676
25,818
70,514
1,608,758
131,469
215,118
48, 620
135,147
94,753
152,801
37,920
1, 030, 279
303,871
264, 503
166, 057
203, 454
129, 511
127. 314
20L 276
617, 248
424,127
375, 557
82,169
461, 327
66,101
159, 342
11,407
43, 715
877, 297
20, 435
2,408, 365
141,690
50,879
Preliminary summary of certified statements as of Oct. 1, 1934
[Deposits in thousands of dollars]
Class of bank
National banks
State banks members Federal Reserve (exclusive of
mutual savings banks)
State banks not members Federal Reserve (exclusive of
mutual savings banks)
All banks (exclusive of mutual savings banks)
Mutual savings banks—Maximum insurance $5,000
Mutual savings banks—Maximum insurance $2,500
All mutual savings banks
Grand total, all banks
Number of
banks
Insured
deposits
Uninsured
deposits
Total deposits
Ratio of
insured
to total
deposits
5,450
8, 488, 554
11,583,949
20, 072, 503
Percent
42.29
Depositors Depositors
partly
fully insured
insured
25, 972, 035
405,811
Total number of
depositors
Ratio of
fully insured to
total depositors
26, 377,846
Percent
98.46
969
3, 582, 449
7, 382,986
10, 965, 435
32.67
9, 361, 278
199, 082
9, 560, 360
97.92
7,638
3, 580,803
1,363,262
4, 944, 065
72.43
13, 687, 403
124,947
13,812, 350
99.10
14, 057
15,651,806
20, 330,19 7
35, 982, 003
43. 50
49, 020, 716
729,840
49, 750, 556
98.53
44
24
412,727
387, 900
54,117
182, 995
466,844
570,895
88.41
67.95
888, 451
513, 330
907,872
586,814
97.86
87.48
1,494,686
93.78
3
51, 245, 242
9S.39
O
68
800, 627
237,112
1, 037, 739
77.15
1, 401, 781
19, 421
73, 484
92, 905
14,125
16,452,433
20, 567, 309
37, 019, 742
44.44
50,422, 497
822, 745
O
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o
158
REPORT OF THE COMPTROLLER OF THE CURRENCY
NUMBER OF DEPOSITORS AND AMOUNT OF DEPOSITS IN
NATIONAL BANKS, OCTOBER 25, 1933
In addition to the regular statement of condition rendered by
national banks as of October 25, 1933, figures concerning which were
published in the annual report for 1933, the associations were requested to render as of the same date a supplemental statement
showing the number of depositors and amount of deposits according
to size and class of deposit balances, for information in connection
with a study being made with respect to the original Temporary
Federal Deposit Insurance Fund which became effective January 1,
1934, guaranteeing up to $2,500 the deposits of licensed banks which
were doing business on an unrestricted basis at the beginning of the
year. However, due to the fact that tabulations of the supplemental
statement had not been completed in sufficient time to permit the
returns to be shown in the report for 1933, they are being included in
this report.
Although the temporary fund provided for insurance on deposits
based on the amount of deposits eligible for insurance and certified
to the insurance corporation as of the close of business December 15,
1933, the 5,057 licensed national banks on October 25, 1933, reported
a total of 25,419,269 depositors with deposits aggregating $17,055,208,000, classified as follows:
Number of depositors and amount of deposits in national banks, Oct. 25, 1933 l
[Amounts in thousands of dollars]
Size and class of deposit balances
Deposits not exceeding $2,500:
State, county, and municipal funds.
United States Government deposits
Postal savings
Deposits of other banks
Certified and cashiers' checks and cash letters of credit outstanding
Other deposits—active accounts
Other deposits—dormant accounts
Total _
Deposits over $2,500 but not exceeding $10,000:
State, county, and municipal funds
United States Government deposits
Postal savings
Deposits of other banks
Certified and cashiers' checks and cash letters of credit outstanding
Other deposits—active accounts
Other deposits—dormant accounts
Total.
Deposits over $10,000 but not exceeding $50,000:
State, county, and municipal funds
United States Government deposits
Postal savings
_
Deposits of other banks
Certified and cashiers' checks and cash letters of credit outstanding.
Other deposits—active accounts
Other deposits—dormant accounts
Total1
Number of
depositors
Amount of
deposits
34,128
1
1
17, 523
655, 377
19,430, 824
4, 523,375
$19, 205
789
246
13, 504
49,167
4,025,606
82, 658
24, 661,229
4,191,175
14, 588
7,153
555, 718
8,490
48, 948
3,112
2,330
85, 493
26,185
2, 502, 497
30,451
595, 029
2, 699, 016
6,969
17, 994
2,007
105, 205
685
157, 662
13,035
25, 430
418, 286
34,083
1,929, 528
10,995
132,860
2, 589,019
A table showing the information included in this summary, but classifying the banks according to
reserve cities and States, is published in the appendix of this report.
REPORT OF THE COMPTROLLER OF THE CURRENCY
159
Number of depositors and amount of deposits in national banks, Oct. 25, 1938—Con.
[Amounts in thousands of dollars]
Number of
depositors
Size and class of deposit balances
Deposits over $50,000:
State, county, and municipal funds
_
United States Government deposits
Postal savings
Deposits of other banks
Certified and cashiers' checks and cash letters of credit outstanding
Other deposits—active accounts
Other deposits—dormant accounts
2,984
Total..
Recapitulation:
State, county, and municipal funds
United States Government deposits
Postal Savings
_
_
Deposits of other banks
Certified and cashiers' checks and cash letters of credit outstanding
Other deposits—active accounts
1
Other deposits—dormant accounts
Total.
_.
Amount of
deposits
7,673
470
18,973
51
$850,876
499,386
550,811
1, 507,318
84,015
4,075,678
7,914
30,151
7,575,998
53,161
1
1
57,778
665,007
20,110, 720
4,532, 601
1,076, 691
516,322
578,817
2,024,601
193,450
12, 533,309
132,018
25,419, 269
17,055, 208
The number of depositors reported represented the actual number
of depositors rather than the number of deposit accounts. In other
words, if a customer had more than one deposit account of which he
was the owner, whether checking, savings, time certificate, or other
accounts, he was counted as one depositor and the aggregate amount
of his accounts was included as one figure in the proper group. State,
county, and municipal funds: Regardless of the number of accounts
any one State, county, municipality, etc., may have had in the bank,
it was treated as one depositor, and the aggregate of all balances
which stood to the credit of any one State, any one county, or any
one municipality, etc., was included in a shigle group. United States
Government deposits: All United States Government deposits were
shown in one aggregate as the deposits of one depositor. Postal Savings: As in the case of United States Government deposits, all Postal
Savings funds on deposit under the terms of the Postal Savings Act
were reported as the balance of one depositor. Deposits of other
banks: The total amount on deposit to the credit of any one bank,
whether or not held in more than one account, was treated for the
purpose of the report as the balance of one depositor. Certified and
cashiers' checks, and cash letters of credit outstanding: The figures
reported against this item represent the number
of checks and letters
of credit outstanding, including travelers7 checks (not the number of
depositors as in the case of other items), classified according to the
amounts of the individual checks and letters of credit. Other deposits—active accounts: Against this item was shown the number of
depositors (other than States, counties, municipalities, etc., the United
States Government, the Postal Savings System, and other banks)
and the total amount of all demand and time balances standing
to the credit of such depositors in each of the size groups, excluding
such dormant balances as were required to be reported in another
item. Other deposits—dormant accounts: These accounts represented
deposits from which no withdrawals and to which no credits had
been made (other than interest credited to such accounts) in the
period from January 1, 1929, to October 25, 1933 (approximately
160
REPORT OF THE COMPTROLLER OF THE CURRENCY
4 years and 10 months), except that if a depositor who had a dormant
account within this definition also had one or more active account^
all of his accounts were combined and included with active deposits
as one account. To what extent the returns included deposits of
creditors whose whereabouts were unknown to the banks is not in
evidence. However, the total number of accounts which showed no
change in the period indicated was 4,532,601 and the total credits
$132,018,000, representing an average credit on these accounts in
all national banks of $29.13. The total number of all depositors in
national banks on the same date was 25,419,269 and the aggregate
of all deposits $17,055,208,000. Hence, the number of dormant
accounts was 17.83 percent of the total, but the volume of these
accounts was only three-fourths of 1 percent of the aggregate deposits.
This was the first time since February 21, 1921, that national
banks were requested to furnish information with respect to dormant
deposits, and as of that date the 8,143 active banks reported 1,143,920
of such accounts having total credits of $28,912,000, which represented 5.58 percent of the total of 20,500,000 deposit accounts and
less than one-fifth of 1 percent of all deposits which aggregated
$15,484,080,000. The average credit on dormant accounts in all
national banks on February 21, 1921, was $25.27.
NATIONAL AGRICULTURAL CREDIT CORPORATION
The Pacific National Agricultural Credit Corporation of Fresno,
Calif., was authorized under the act of March 4, 1923, to transact
business within the States of California, Arizona, Utah, Nevada,
Oregon, Idaho, Wyoming, Colorado, New Mexico, and Texas.
A statement of its assets and liabilities as of the close of business on
October 17, 1934, appears below:
ASSETS
Cash on hand and in banks
United States securities ($280,000 par value)
Loans
Livestock owned
Furniture and
fixtures
Accounts receivable
Other assets
Customers' funds held in trust
Total
Capitalstock
Reserve for contingencies
Undivided profits
Discounts
Other liabilities
Undistributed trustee funds
Total
$40, 744.
291, 294.
2, 614, 438.
9, 382.
4, 688.
5, 289.
12, 438.
88, 424.
91
88
14
08
62
04
16
34
3, 066, 700. 17
LIABILITIES
500, 000.
62, 500.
1, 837.
2, 382, 503.
31, 435.
88, 424.
00
00
17
38
28
34
3, 066, 700. 17
REPORT OF THE COMPTROLLER OF THE CURRENCY
161
UNITED STATES POSTAL SAVINGS SYSTEM
The tables following, compiled by the Third Assistant Postmaster
General, under whose supervision the System operates, disclose comparative statements of the resources and liabilities of the Postal
Savings System for the years ended June 30, 1934 and 1933, together
with a summary of the postal-savings business for the fiscal year
ended June 30, 1934, by States. (The total number of depositors on
June 30, 1934, was 2,562,082, an increase of 219,949 in the year, but
the average amount on deposit per depositor was $467.56, compared
with $506.88 a year ago.)
Comparative balance sheet for June 30, 1934, and June 30, 1933
Items
Working cash:
Depository banks
Postmasters
Postal Sayings 2^-peroent bonds
Fourth Liberty 4M-percent bonds
U . S . Treasury 3-percent bonds 1946-48
U. S. Treasury 3-percent bonds 1951-55
U. S. Treasury 3M-percent bonds 1946-49
U. S. Treasury 3K-percent bonds 1941
U. S. Treasury 3M-percent bonds 1944-46
U. S. Treasury 3%-percent bonds 1940-43
U. S. Treasury 3%-percent bonds 1941-43
U. S. Treasury 3%-percent bonds 1943-47
U. S. Treasury 3%-percent bonds 1946-56
U. S. Treasury 4-percent bonds 1944-54
U. S. Treasury 4M-percent bonds 1947-52
U. S. Treasury 4M-3M-percent bonds 1943-45
U. S. Treasury 2-percent notes 1939
U. S. Treasury 2^-percent notes A1938
U. S. Treasury 2M-percent notes B1936
U. S. Treasury 2K-percent notes B1938
U. S. Treasury 2^-percent notes C1936
U. S. Treasury 3-percent notes B1937
U. S. Treasury 3-percent notes C1937
U. S. Treasury 3-percent notes C1938
U. S. Treasury 3^-percent notes A 1936
U. S. Treasury 3K-percent notes A1937
Federal Farm Mortgage Corporation 3-perce nt notes 1944-49
Increase
Decrease
RESOURCES
Special funds—Treasurer of the United States:
Reserve fund,
Miscellaneous (working) funds
Accounts receivable:
Accrued interest on bond investments
Due from late postmasters
Investments, United States securities:
Total resources
June 30, 1933
June 30, 1934
$977, 214, 074. 44
4, 097, 585. 53
$695, 281,038. 03
4, 576, 449. 85
$699,857, 487.88
60, 700, 678. 70
8, 268, 762. 04
68>969>
440. 74
2, 699,666. 02
190, 687. 83
Par value
$15,094,960
12,440,600
65,000,000
51,341,000
14,665,000
23,800,000
35,236,150
4,941,000
7,391,000
4,898,000
19,589,000
33,002,000
18,161,000
37, 799,000
35,000,000
3,383,000
1,550,000
167,000
8, 750,000
4,850,000
5,000,000
167,000
2,250,000
10, 550,000
35,000,000
450,025, 710
$281,933,036.41
$478,864. 32
II, 311, 659. 97
58,917,100. 54
33, 528, 952. 77
25, 260,190. 73
23, 476, 612. 57
92, 446, 053. 31
1, 091, 745. 82
1, 401, 379. 29
2,890,353.85 I-
1, 607,920. 20
1, 210, 691. 46
2,493,125. 11
13, 546,480. 00
15, 540, 485. 38
15,094,960. 00
10, 937,132.80
65, 297,923.88
50, 357, 208. 07
14,481,229.47
23,940, 025. 52
35, 536, 299.12
5, 063, 775.17
7, 554, 789. 60
5, 017, 366. 61
20, 438, 983. 06
34, 901, 286. 01
19, 870, 000.12
38, 018,930. 28
35, 000, 000.00
3, 317, 954. 06
1, 531, 625. 00
169,454. 84
8, 745, 546.88
4,867,940.14
5, 000, 000.00
170, 064. 54
2, 268,028.86
10, 564, 563. 54
35,195, 227. 51
281, 454,172. 09
1, 783, 578.16
~~~397,~228.~74'
1, 548,480.00
4, 603, 352. 58
65, 297,923.88
11,147, 764. 49
11,615,666.93
23,940, 025. 52
35, 536, 299. 12
5, 063,775.17
7, 554, 789. 60
5, 017, 366. 61
12, 377, 591. 35
23,082, 661. 57
10, 835, 246. 58
38,018,930. 28'
35, 000,000. 00
337, 266. 56
39, 209, 443. 58
2,865, 562. 54
8, 061, 391. 71
11,818,624.44
9, 034, 753. 54
2,980, 687. 50
1, 531, 625. 00
i
w
169,454.84
8, 745, 546.88
4,874, 366. 46
6, 426. 32
5, 000, 000. 00
170, 064. 54
2, 278, 682. 70
10, 569,102. 82
453,340, 315. 08
1, 225,057, 597. 55
8, 653. 84
4, 539. 28
131, 054, 752. 55
1,207,305,590.94
35,195, 227. 51
322, 285, 562. 53
17,752,006.61 |
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o
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i
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LIABILITIES AND SURPLUS FUNDS
Due depositors:
Outstanding principal, represented by certificates of deposit
Accrued interest on certificates of deposit
Outstanding savings stamps
Unclaimed deposits
Accounts payable:
Due Postal Service—interest and profits
Due discontinued depository banks
1,197,907, 773. 00
22,562, 687. 09
66, 573.90
12, 415. 00
1, 220, 549, 448. 99
2, 526,900. 68
166, 277. 29
1, 203, 842, 759. 30
1, 724,805.89
112, 969. 34
2, 693,177. 97
Total liabilities
Surplus funds—Interest and profits (undistributed earnings) subject to
future allocation of maturing interest charges
1,187,183,373. 00
16,592,663.70
63,887. 60
2, 835. 00
1,837, 775. 23
10,724,400.00
5,970,023.39
2,686.30
9,580.00
16,706,689.69
_
_..
802,094.79
53,307.95
855,402.74
£j
JP
g
^
O
fcrj
1, 223, 242, 626. 96
1, 205, 680, 534. 53
17,562,092.43
1, 814, 970. 59
1, 625, 056. 41
189,914.18
1, 225, 057, 597. 55
1, 207, 305, 590. 94
17,752,006.61
H
w
a
o
g
P
M
HI
a
q
o
CO
Comparative statement of interest-earning resources and interest-bearing liabilities for June 30, 1934, and June SO, 1933
Items
June 30, 1934
June 30, 1933
Increase
Decrease
RESOURCES—INTEREST-EARNING
Working cash:
Depository banks, per balance sheet
Investments, per balance sheet..
$977,214, 074. 44
$695, 281, 038. 03
453, 340, 315. 08
131,054, 752. 55
$l t i4gt 621, 353.11
$1,108, 268, 826.99
$322, 285,562. 53
40, 352, 526.12
1,197, 907, 773. 00
1,187,183, 373. 00
10, 724, 400. 00
49, 286,419. 89
78,914,546.01
$281,933,036.41
LIABILITIES—1NTEREST-BEARIN G
Due depositors—Outstanding principal, represented by certificates of deposit, per balance sheet
Excess of interest-bearing liabilities .
29,628,126.12
o
o
Comparative statement of interest and profits for the fiscal years ended June 30, 1934, and June 30, 1933
Items
Credits:
Interest on bank deposits
Interest on bond investments, less amortization charges.
Miscellaneous receipts
Profit realized on investments
Debits:
Interest credited to depositors
Allowances to postmasters:
Losses byfire,burglary, etc
Erroneous payments, uncollectible items, etc..
Final closing, previous year
Excess of income.
Fiscal year 1934
$21,829,303.11
7,340, 396. 08
2, 392. 60
632, 797. 42
Fiscal year 1933
$20, 759, 210. 29
2, 778, 467. 04
70.17
$29,804,889. 21
16, 913, 016. 60
847. 83
-4,056.03
2, 209. 75
67, 824. 03
6, 267,141. 71
4,651,697. 35
21, 702, 264. 56
16, 978,994. 35
4,903. 86
68,878.75
4, 723, 270. 21
8,102, 624. 65
6, 558, 753.15
1, 543, 871. 50
136," 702~ 78
Decrease
$1, 070, 092.82
4,561,929.04
2,322.43
632,797. 42
$23, 537, 747. 50
21,564,713.95
Increase
$2, 209.75
Q
K}
Summary of Postal Savings business for the fiscal year ended June 30, 1934, by States
State
United States.
Balance to
the credit of
depositors
June 30, 1933
Deposits 1
Withdrawals i 2
Balance to
the credit of
depositors
June 30, 1934
Increase in
balances to
the credit of3
depositors
Savings stamps
Sold
Amount at
interest in
banks June 30,
1934
Redeemed
Interest received from
banks
Interest paid
depositors
Amount of
deposits
surrendered
for bonds
$1,187,183, 373 $973, 762,756 $963,038,356 $1.197, 907, 773 $10,724,400 $56,308.80 $53,619.00 $694, 575,368. 74 $21,829,303.11 $15, 541, 479.16 $27, 579, 500
ji, Alabama
8,241,446
9,491, 543
7,857,371
9,107.468
-384,075
568, 729
tc Alaska
870, 407
534,358
836,036
-34, 371
Arizona
7, 654,900
6,302,006
7,005, 057
6.951,849
-703,051
Arkansas
11,445,439 11,276,965 10,643,778
12,078,626
633,187
84, 653,833 63,038,301 71,048,656
76, 643,478 -8,010,355
California
15,689.359
Colorado
15, 893, 236 13, 603,143 13, 807,020
-203,877
11,508, 455
Connecticut
12,497,769
6,763,367
7,752,681
-989,314
452,369
522, 546
Delaware
^
312.661
382,838
-70,177
District of Columbia
7.662,739
5,806,126
7,141,179
6,327,686
-521,560
Florida
29,873. 431 31,662,657 31,655,492
29,880,596 |
7,165
12,783,329
Georgia
±8,476, GUV ii, 287, 743 11, 979. 421
-691, 678
515,352
438,397
Hawaii
615,458
538,503
76,955
7, 766,124
6, 298, 558 6, 669, 362
Idaho
7,395,320
-370,804
140,173, 669 124, 834,350 119,304,785
145,703, 234
Dlinois
5,529, 565
30,860, 662
28,915, 201 28,314,163 26, 368, 702
Indiana.
_
1,945,461
55, 626,988
52,351,527 51,360,949 48, 085,488
Iowa__
3, 275,461
17, 567, 012
Kansas
16, 297, 098 15, 229,408 13,959,494
1, 269,914
8,070,129
7,153,890
Kentucky
7,091,993
8,008, 232
-61,897
7, 266,901
6, 783, 542 5,828,190
Louisiana
8, 222,253
955, 352
1,339, 088
1,719,939
1,006,422
Maine
2,052, 605
713,517
5, 588,118
3,485,424
5,394,104
3,679,438
Maryland
-194,014
32, 219,798 -2,467,729
34,687, 527 17,958,875 20,426,604
Massachusetts
87,873, 504
75, 647, 285 73,979,825 61, 753,606
Michigan
12, 226, 219
38,173,951
37,288,050 29,949,436 29,063,535
Minnesota
885,901
6,082,781
5, 562,569
6,339,315
6,859, 527
Mississippi
520,212
31,389,696 31,239,081
35,812,835
35,963,450
Missouri
--_
150, 615
11, 213,374
10,915,419
8,589,431
8,291,476
Montana
-297,955
18, 285, 724 17,361,419 15,726, 526
19,920, 617
Nebraska
1,634,893
2,543,172
2,162,109
2,147,076
2,558,205
Nevada
..396,096
2,304, 724
2,231,223
1,482,029
1,408,528
New Hampshire
73,501
34, 229, 650 -2,515,316
36, 744,966 23,777,619 26,292,935
New Jersey
3,924,823
3,283,801
3,839,925
3,198,903
New Mexico
-84,898
115,848,497 -7,110,923
122,959,420 75,987,775
New York
14, 574, 611
14,101, 379 13,267,853 12,794,621
North Carolina
473, 232
7,987,733
8, 650,529
6, 764, 520 6,101,724
North Dakota
662, 796
65,479,487
51,921,647
69,204,
222
55,646,382
3,724, 735
Ohio—
I
1 These totals include the amount of $7,111,957 transferred between depository offices.
2
This total includes $9,580 written off postmasters' accounts current as unclaimed.
s A minus sign (—) denotes decrease.
122. 00
141.00
.90
67.00
84.60
129.00
134. 70
1,882. 00
2,107.00
390.00
394.90
267.00
317. 60
26.00
27.30
h 053.00
lt092.40
954.00
948.40
539.00
567. 70
15.00
10.60
87.00
108. 70
3, 256.10 3.135. 00
889. 00
829. 30
413. 00
421. 70
210. 00
223. 50
227. 00
248.80
108. 00
113. 20
195. 00
200.10
197. 00
205.90
1,609.00
1,606. 70
1,699. 20 1,432.00
511.00
497.00
136.00
137. 20
609.00
674.80
272.00
293.40
331. 00
357.90
26.00
29.90
180. 00
199. 80
1,778. 50 1, 755.00
31.00
24.80
6, 787. 60 6, 367.00
222.00
255. 60
126. 00
127. 70
1,143. 00
1,183.80
6,351, 747.06
869,859. 69
3, 732. 450. 41
6, 323,981. 34
115,545,440. 66
5,139,953.14
5,643,157.75
1,415,851.03
1.540,012.64
9.606, 740. 05
7,969,862. 23
607. 574. 99
2, 036. 247. 68
23,960, 282. 84
17,704,169.83
7, 689,473.13
6,134, 296. 08
4, 289, 581. 64
6,843, 548. 79
782, 710. 43
7, 909,470. 98
12,419,080. 91
12,614, 646. 77
12,931,712.33
5, 234,812. 77
11,848, 284. 74
6,593, 707.81
3,058,951. 25
1, 223,972. 07
2,491,107. 52
47, 581,046. 23
850, 567. 57
90,600,043.88
8, 212,808.87
1, 350,431. 97
44,839, 523. 23
196, 343. 23
21,620.00
112.609. 25
177, 364. 66
2, 855, 309.93
196,848. 65
190,953.93
24,892.08
65,033. 52
600,798.91
309,823. 49
14, 207. 06
95,326. 29
839,408.36
511, 335.71
388,983. 72
223,809. 67
117,906. 43
200,156. 63
16,438.99
208, 339. 73
730,636. 98
607,115.84
482,467.10
123,086. 29
438, 232.89
249,416.38
158,015. 33
26,305.89
55,680.87
1,183,488. 60
40,009. 74
2,962,670. 78
223,303. 02
102,295. 74
1,254,600. 09
128, 362.09
13.686.18
106, 776.09
160, 339. 22
1, 091, 596.47
232, 642. 36
149,288. 68
6, 431. 25
68.710,19
432.601. 21
182,859. 73
4, 707. 37
111, 420. 75
1,872, 626. 49
386, 677.90
775,970. 64
228,889.15
113,926. 71
73, 503. 04
14,233. 25
54,464. 50
423,357. 28
830, 770. 48
521,090. 43
82,992.95
492, 219. 71
173,121. 60
263,452.80
24,671.1]
30,356.10
446,623. 60
54,082. 21
1,458,842.97
177,831.83
112,958.82
820,457.96
142, 760
22, 600
119, 280
261,400
2,398, 200
422, 680
69, 540
8,500
641,780
338, 640
205,060
7,220
82,160
2, 576, 560
1,711,100
1, 294,020
621,680
315, 020
127, 340
76, 240
256, 020
214,300
2,677, 340
1,343,440
89, 680
1,122,620
212, 360
523, 660
42,900
25,960
323,580
46,160
968,280
241,880
165,680
2,273,720
Oi
Summary of Postal Savings business for the fiscal year ended June 80, 1934, by States—Continued
State
Oklahoma
Oregon
Pennsylvania...
Puerto Rico
Rhode Island...
South Carolina.
South Dakota..
Tennessee
Texas
Utah
Vermont
Virginia
Virgin Islands..
Washington
West Virginia..
Wisconsin
Wyoming
Balance to
the credit of
depositors
June 30, 1933
Deposits
Withdrawals
$20, 382,698 $17,667, 956 $17,411,965
14, 533, 742
17,026, 525 13, 796, 291
44, 230,836
46, 635,831
65,188,909
1,448,144
1,262,481
1,032, 644
1,059, 737
1, 250, 594
1,934,973
12,975, 339
11,982,822
12, 752, 015
9, 999, 615
11, 995,895 10, 552, 368
7,173,909
7,845,999
9, 346, 033
25, 079, 503
23, 749,155
27, 765, 684
2,407, 307
2,645, 255
3, 627,149
500,829
307, 365
400, 442
3, 780,004
5,372, 578
45, 742
38,813
40,930
28, 453, 774
28, 724,639
33, 201, 362
5,620,929
5,275,385
7, 500,931
23, 742, 594
22,388,491
27,982,868
3, 352, 218
3,693,013
4, 534,418
Increase in
Balance to
the credit of balances to
depositors the credit of
June 30, 1934 depositors
Savings stamps
Sold
Redeemed
$381.30
$366. 00
$255,991
398.10
384. 00
16, 289,074
-737,451
62, 783,914 -2,404,995 3,351.10 3,097. 00
185,663 21,831.00 20,930. 00
1, 218,307
375. 20
393. 00
-190,857
1, 744,116
992,517
273. 40
277. 00
13, 744, 532
552, 753
273.10
316. 00
12, 548, 648
-672,090
171. 50
161. 00
8,673,943
638. 60
632. 00
1,330, 348
29,096,032
46.40
52.00
3,389, 201
-237,948
41.60
38.00
193,464
593,906
262.90
202. 00
-80,694
5,291,884
6.929
71.30
66.00
47,859
363.60
341. 00
-270,865
32, 930, 497
184.40
161. 00
345,544
7,846, 475
492.40
467.00
1,354,103
29,336,971
64.60
81.00
-340, 795
4,193,623
Amount at
interest in
b a n k s J u n e 30,
1934
Interest received from
banks
$9,347,842. 41
10, 736, 098. 73
90,016,423. 65
370,448.13
1, 759,864.13
2,975,625. 09
4,926, 226. 94
12, 037, 528.17
17,196, 584. 91
2,697, 724. 31
462, 743. 63
5, 752, 212.97
$370,144. 02
347,411. 88
2,535,459.12
6, 751. 46
41, 072.84
174,348. 38
190, 562. 00
269,402. 24
528,840. 07
80, 650.10
9,883. 68
114, 500. 76
9,837,178. 49
9, 562,014. 54
10,813,937. 74
2,135,804. 59
499, 765.19
233,174.82
362, 718. 06
59, 782. 71
Interest paid
depositors
$286, 697. 25
256, 648.13
858,139. 25
10, 095. 33
24,108. 91
173,186. 02
179,859. 54
121,835. 88
372,049. 81
47,840.84
4, 500. 32
61, 905. 41
715. 31
502, 970. 99
95,952.17
351,103. 28
71,327. 60
Amount
deposits
surrendered
for bonds
$362,920
428, 220
1,901, 240
~~~~34,~366
219,460
166, 060
209, 780
679,020
75,120
15,900
161,440
"~~49l,~646
172,000
611,180
81,860
I
O
uo
W
o
o
g
W
a
167
REPORT OF THE COMPTROLLER OF THE CURRENCY
SCHOOL SAVINGS BANKING
Statistics relative to school savings banks in the various States and
the District of Columbia for the school years ended 1933 and 1934,
arith comparative yearly totals beginning with the school year ended
1920, are shown in the following tables:
School savings, by States, 1932-33, and 1933-34
[Compiled by the savings bank division of the American Bankers' Association]
Number of
schools
Number
participating
Deposits
Net savings
States
1932-33 1933-34 1932-33
United States... 10,890
Alabama
Arizona
Arkansas 2
California
Colorado
Connecticut
Delaware-District of Columbia
- -.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana 2
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana 2
Nebraska
Nevada
New Hampshire..
New Jersey
New Mexico
New York
North Carolina. __
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina 2
South Dakota
Tennessee
Texas
Utah
VermontVirginia
Washington
West Virginia
Wisconsin
Wyoming
IS 133-34
1932-33
1933-34
1932-33
1933-34
9,471 3, 080, 685 2,802,899 $10,332,569.55 $10,727,505.33 1 $2,315,252.21$1,375,307.86
71
1
65
1
18,733
200
23,084
192
77,086.95
89. 8.1
2,393
3
449
64
2,391
3
546
56
430, 667
466
102, 555
31,183
430, 592
338
95, 663
30, 218
812,854. 45
483.16
543,414.13
78, 369. 37
969,463. 24 1 219,754. 47 356,875. 26
577 92
644,803. 49 1 42, 233. 25 186, 673.95
82,211.82
1 45, 028. 29 1 16, 777. 54
42
25
61
63
6
249
146
99
15
25
5
25
80
62
8
145
49
68
15
25
4,322
16,701
18,895
3,858
931
70,824
38,726
23, 474
4,274
1,707
421
18, 028
6,185
3,300
1,640
43,159
13,855
20,832
3,914
1,526
25,912. 08
26, 206. 74
84, 207. 00
42, 244. 75
364. 42
227, 060. 51
91, 251. 38
76,190. 45
27,904.18
4,484. 51
2, 340. 76
1 19. 559. 62 1 5,615. 03
21, 788.13
.110, 398. 22 1 31, 720. 33 13, 583. 59
42,244. 75
20, 693.18
20,693.18
1 3.331.52
3, 228. 86
8,715.79
207,800. 39 1129f 916. 63 118,341. 44
40, 047. 51 1 74, 610. 60 1 13,609.16
1 82, 689. 87 24,063. 96
78. 679.12
1 6, 629. 63
1,814. 52
27, 980. 34
12, 631.96
1 3,520. 06
4, 241. 05
284
109
856
200
274
2
185
251
108
735
35
203
5
108
25, 311
40,853
146,962
47, 627
98,060
316
59,160
25,472;
40,922
131,236
12, 258
79,312
730
33,108
77. 738. 07
68,817 2fi
634, 580. 69
86, 309. 77
326,302.15
1,997. 98
146,658. 63
10,184. 25
51,823.48
149,956.31
61,080.40
71,878. 34
74.195. 58
78,526.52 198.301.46
598, 246.12
29,916.8( 1 143.116. 45 1 7,829. 95
316,605. 38 1 79,469. 32 22,802. 58
5,110. 74
911. 46
2,422. 84
157, 259. 06 195,168.83
5,460. 65
612
6,974
162, 728
2,101
763,755
5,573
934
106,761
958
67,499
432,497
111,887
1 434.96
3, 550. 35l
1 - R40. 51 1 1,385. 96
700. 20
452. 95
(2)
6,677
5, 766.14
23,908.17
' 668. 80
24, 523. 04
816, 309. 76
164,309
836, 621. 23 1 229. 503. 08 113,449. 49
4, 503.93
9, 271. 89
2, 616. 93
11,381.82
2,178
28 131. 9b 473, 035. 05
816,569 2,153, 698. 53 2, 256, 779. 7<
27,151. 89
1 3, 790. 60
4, 010. 76
359. 7P
829.95
487
2~405.~7(!
361,101. 03
048. m 33, 561. 82
426,284. 72 1 169,
56,017
1
1,190. 01
906.13
132,184.86
1 66, 646. 07
37,946.14
333,605 1,904,410.31 1,939, 376. 89 1484.009.90
1 2,819. 71
634, 233. 29 1 182,147.86
533,855. 79
119,376
4
107
640
6
1,426
33
20
417
6
100
1, 359
339
33
35
220
7
8
47
126
101
232
2
1 Loss.
8
No report this year.
'92
541
6
1, 391
14
337
887
473
30
33
212
4
42
123
83
212
0
6, 058j
6,920
72, 2051
1,696
1,428
12, 908
62, 639
19,082
49,665
4, 471
5, 491
58. 436
28C
59,108
18, 763
39,928
42,683. 21
74, 201. 86
185, 368. 43
1, 475. 04
1, 201. 89
65,513.91
297, 308. 77
50, 533. 99
181.131.92
1,188. 54
119,638.98
144. 79
1 29,758. 23
47.36
30, 488. 54 1 19,651. 84
183,870.00
80,897.18
12,636.24
228, 075. 29
1 445. 09
(2)
882. 03
422. 60
48,363. 36 1 22, 299. 59
307,944. 75 * 119, 160. 28
62, 766. 54 1 12,304. 05
165, 253.10 1 151,369.85
1 032.26
28,251.60
78. 45
1 19,175. 81
19,487. 02
52,859. 43
1 481. 38
1 97, 446. 65
1 17,113. 94
3, 687.89
»27,707.11
168
REPORT OF THE COMPTROLLER OF THE CURRENCY
School savings, by States, 1932-33, and 1933-34—Continued
TOTALS—UNITED
Number of
schools
1933-1934
1932-1933.
1931-1932
1930-1931
1929-1930
1928-1929
1927-1928
1926-1927
1925-1926 _
1924-1925
1923-1924
1922-1923
1921-1922
1920-1921
1919-1920
. .
..
_..
i Loss.
.
9,471
10,890
12,686
14,628 H
14,610H
14, 254H
13,835
12,678
11,371
10,163
9,080
6,868
4,785
3,316
2,736
STATES
Number participating
2,802,899
3,080,685
3,106, 510
4, 482,634
4, 597, 731
4, 222,935
3,980, 237
3, 742, 551
3,403, 746
2,869,497
2, 236, 326
1,907,851
1,295,607
802,906
462,651
Deposits
$10, 727, 505. 33
10, 332, 569. 55
17, 680, 364. 92
25,977, 216.41
29,113, 063. 48
28,672,496. 00
26, 005,138. 04
23, 703,436.80
20,469,960.88
16,961, 560. 72
14,991,535. 40
10,631,838. 69
5, 775,122. 32
4,158, 050.15
2,800, 301. 18
Net savings
$1,375,307.86
i 2, 315, 252. 21
i 2,926,902.12
2,167,499. 58
7,690, 529.68
10, 539,928.46
9,476,391.32
9, 464,178.93
8, 770, 731.05
7, 779,992.55
8, 556,991. 27
REPORT OF THE COMPTROLLER OF THE
169
CURRENCY
EXPENSES OF THE CURRENCY BUREAU
The statement following shows the expenses incident to maintenance of the Currency Bureau and net income derived by the Government from taxes on national-bank notes, in the fiscal year ended
June 30, 1934:
Expenses incident to maintenance of Currency Bureau and net income derived by
the Government from taxes on national-bank notes, fiscal year ended June 30',
1934
Expenses
paid from
appropriations
Salaries:
Regular roll, including retirement deductions
National currency reimbursable roll, including retirement
deductions
Federal Reserve issue and redemption division, including
retirement deductions
Insolvent national bank division roll, including retirement deductions
_-_
Total salaries.
General expenses:
Printing and binding
Stationery
Amount expended for light, heat, telephone, telegraph,
furniture, labor-saving machines, etc., partially estimated
Miscellaneous, rent, etc
Total general expenses
Currency issues:
National-bank notes:
Paper
Printing, etc
_.
Plates (reimbursed)
Federal Reserve notes and bank notes:
Paper
Printing, etc
..
Plates
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 and bank
notes
Insurance on shipments of national-bank not-3s
Insurance on shipments of Federal Reserve notes and bank
notes.
Surcharge paid on consignmentsTotal expenses paid from appropriations..
Total expenses reimbursed by banks
Total expenses
Expenses
reimbursed
by banks
Total expenses
$198,424.13
$44,226.45 L
57,408.95 |.
596,651.55 |.
16,711.08
27,133. 20
5,033.99
15,031.34
14,956.18
11,159. 33
30, 029. 63
84, 731.03
188,074.70
45,838.00
354, 745.12
26, 656.00
68,467.70
418, 946. 76
30, 727. 60
945, 381.18
i 642, 333. 77
2, 319, 087. 56
124, 216.14
2,319, 087. 56
124, 216.14
42,424. 94
13, 058. 79
42,424. 94
13,058. 79
17, 630.64
62, 454.40
17, 630. 64
62, 454. 40
3,966, 705. 66
Tax paid by national banks on circulating notes
$4,518,904.84
1
Total expenses of Currency Bureau paid from congressional appropriations
642,333.77
Net income to Government from taxes on circulation
_
3,876,571.07
1
Exclusive of $653,121.15 expenses incurred and paid from "Expenses, National Banking Emergency
Act Mar. 9, 1933."
Respectfully submitted.
J. F. T. O'CONNOR,
Comptroller of the Currency,
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.
APPENDIX
171
173
REPORT OF THE COMPTROLLER OK THE CURRENCY
TABLE NO. 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
No.
Date of
appointment
Name
Date of
resignation
State
COMPTROLLERS OF THE CURRENCY
McCulloch, Hugh
Clarke, Freeman
Hulburd, Hiland R
Knox, John Jay
Cannon, Henry W
Trenholm, William L
Lacey, Edward S
Hepburn, A. Barton
Eckles, James II
Dawes, Charles G
Ridgely, William Barret
Murray, Lawrence O
Williams, John Skelton
Crissinger, D. R
Dawes, Henry M
Mclntosh, Joseph W
Pole, John W
O'Connor, J. F. T
. _.
May
Mar.
Feb.
Apr.
May
Apr.
May
Aug.
Apr.
Jan.
Oct.
Apr.
Feb.
Mar.
May
Dec.
Nov.
May
9,1863
21,1865
1,1867
25,1872
12,1884
20,1886
1,1889
2,1892
26,1893
1,1898
1,1901
28,1908
2,1914
17,1921
1,1923
20,1924
21, 1928
11,1933
Mar. 8,1865
July 24,1866
Apr.
3,1872
Apr. 30,1884
Mar. 1,1886
Apr. 30,1889
June 30.1892
Apr. 25.1893
Dec. 31,1897
Sept. 30,1901
Mar. 28,1908
Apr. 27,1913
Mar. 2, 1921
Apr. 30, 1923
Dec. 17,1924
Nov. 20,1928
Sept. 20, 1932
May
Aug.
Mar.
Aug.
Jan.
Jan.
Aug.
Apr.
Mar.
Sept.
June
July
May
July
Jan.
July
July
Dec.
Jan.
9,1863
1,1865
12,1867
8,1872
5,1886
27,1887
11,1890
7,1893
12,1896
1,1898
29,1899
1,1908
21,1923
1,1923
6,1925
1,1927
6.1927
1.1928
24,1933
Aug.
Jan.
Apr.
Jan.
Jan.
May
Mar.
Mar.
Aug.
June
Mar.
Feb.
Dec.
June
Nov.
Indiana.
New York.
Ohio.
Minnesota.
Do.
South Carolina.
Michigan.
New York.
Illinois.
Do.
Do.
New York.
Virginia.
Ohio.
Illinois.
Do.
Ohio.
California.
DEPUTY COMPTROLLERS OF THE CURRENCY
Howard, Samuel T
Hulburd, Hiland R
Knox, John Jay
Langworthy, John S
Snyder, V. P
Abrahams, J. D
Nixon, R. M
Tucker, Oliver P
Coffin, George M
Murray, Lawrence O
Kane, Thomas P___ _ .
Fowler, Willis J
Mclntosh, Joseph W__
Collins, Charles W__
Stearns, E. W
Await, F. G
Gough, E. H
Proctor, John L
Lyons, Gibbs
1
_.
Term expired.
__.
1,1865 New York.
31,1867 Ohio.
24,1872 Minnesota.
3.1886 New York.
3.1887
Do.
25,1890 Virginia.
16,1893 Indiana.
11,1896 Kentucky.
31.1898 South Carolina.
27.1899 New York.
2, 1923 : District of Columbia,
14,1927 Indiana.
19,1924 Illinois.
30,1927
Do.
30, 1928 Virginia.
Maryland.
Indiana.
Jan. 23,1933 Washington.
Georgia.
2 Died Mar. 2, 1923.
TABLE NO. 2.—Na?nes and compensation of officers and clerks in the office of the
Comptroller of the Currency, Oct. 31, 1934
Name
Quinn, Edmund F
Gross, Clyde E
Kane, William A
Avery, Antoinette
Marble, George R
Offutt, William F
Johnston, Edna E
Thompson, George
Reese, William H
Verrill, Harry M
Bock, Carl
Tucker, Samuel M
Ellis, H. B
Herndon, John W
Buell, Willard E
Hanlon, Margaret T
Lewis, John O
Basinger, Walter S
Furbershaw, Miriam
Horsey, Olga S
Tylor, Gertrude I
O'Mara, Vera L
Whelan, Marjorie B
Reed, S. E
Lovelly, Laura F _ .
Jones, Margaret E .
Designation
Administrative officerAdministrative assistant. _
Senior administrative assistant-.
dodo.
... Junior administrative assistant
do
do
do
do
Principal clerk
Junior administrative assistant
Principal clerk
do
do
Senior clerk
:
do
Principal clerk
do
!
do
do
Senior clerk
\ Senior clerk-stenographer
Senior clerk.
Clerk
Senior clerk.
Salary
$4,800
3,600
3,400
3,300
3, 300
2,900
2,800
2,800
2,700
2,700
2,700
2, 600
2,600
2,500
2,400
2,400
2,400
2,300
2,300
2,300
2,300
2,300
2,300
2,200
2,160
2,100
174
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 Currencyy Oct. 31, 1934—Continued
Designation
Name
O'Brien, May F
Bentley, Thomas B
Heizer, Helen V
Gorham, W. Abbott
Haygood, Ethel
Friedrichs, Minna K
Andrews, Ettie F
Haley, John R
Hilleary, Rua
Harris, John E
King, Dorothy C
Beall, Clara M
Heizer, Nannie B
Jamieson, William G
Lowell, Harriet P
Nolan, Lida A
Smith, Helen M
Munnerlyn, Joseph A
Culbertson, Bonnie L
Fox, Bessie E
Mortimer, Mary H
Treuthart, Hubert
Bales, Anna S
Brumbaugh, Delia L
Buckley, Regina C
Chisholm, Elizabeth
Colburn, Nellie A
Hopkins, Edna I
Magruder, Edith P
Nichols, Sada C
Schiller, Ernestine H
Walker, Johanna S
Baldwin, Wallance N
Burlingame, Delia J
Hewson, Ella
Jorgenson, John A
Barry, Gertrude I
Crocker, Henry A. D
Haymon, N. Mabel
Mallet, Katherine H
McKinney, Elva L
Quackenbush, Dorothy S
Tschiffely, Lacey B. R
Dodge, Victor H
Dailey, William
Caudell, Mary L
Mueller, Pauline
Smith, Clara E
Watts, Metta F
Sazama, Alice R
Glenn, Frances Moncure
Barksdale, George T
Brannock, Burneta
Canavan, Josephine M
Croson, Maud B
Dent, Mary J
Kellam, Margaret M
McFadden, Arthur M
SchafEer, Dorothy L
Smith, Mabel W
Wilson, Mildred C
Wolfe, Alice M
Ford, Ethel D
Gorham, Eloise H
Parsons, Ruth
Ethridge, Elsie E
Joyce, Atha-Lane
Shea, Catherine L
Hatter, Madaline B
Hurd, Agnes E
Kidd, Jeannette B
Moore, May LaPorte
O'Donnell, Josephine A
Parsons, Edith N
Frock, Annie C
Harleston, Catherine
Elmore, Annie L
Taylor, Mathilda S
Chamberlain, Robert J
Kemether, Eva C
Wood, Kathleen
Marks, Grace J
__
Clerk
Senior clerk,
doSenior clerk-stenographer.
do
Assistant clerk
Clerk.
dodo.
Senior clerk.
Clerk-stenographer
Head typist
Assistant clerk
Senior operator, office devices.
Clerk
Assistant clerk
do
Clerk-stenographer-.
do
....do
.__
r
Assistant clerk.
do
do
_do.
..do.
_do.
_do.
.do.
.dodo
Junior clerk,
.—do
_
.—do
....do
Assistant clerk,
do
_do.
.do_
.dp.
_do.
d
_do_
Assistant clerk-stenographer.
Junior clerk.
Assistant clerk.
do
do
_do.
Assistant clerk-stenographer. ..
Junior clerk
Assistant clerk
do
.do.do.
_do.
.do.
_do_
-do.
_do.
_do.
.do.
Assistant clerk-stenographer,
do.
do.
Senior stenographer,
do.
do.
Senior operator, office devices.
do
..—do
do
Junior clerk
Senior typist
Counter clerk
.doJunior clerk.
doJunior operator, office devices.
do
Junior clerk
Money counter
_
___
Salary
$2,040
2,000
2,000
2,000
2,000
1,980
1,920
1,920
1,920
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,860
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,740
1,740
1,740
1,740
1,740
1,740
1,740
1,740
1,740
1,680
1,680
1,680
1,680
1,680
1,680
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,620
1,560
1,560
1,560
1,560
175
REPORT OF THE COMPTROLLER OP THE CURRENCY
TABLE NO. 2.—Names and compensation of officers and clerks in the office of the
Comptroller of the Currency, Oct. 31, 1934—Continued
Designation
Name
Shely, Myrtle B
White, Grace M
Brown, Edith L
Dillon, Minnie L
Curtin, Anna E
Week, George W
Whiteman, Edgar
Greer, Grace West
Murtaugh, Ruth A
Snoddy, Ralph D
Sheward, Adelaide H
DuRant, Anna K
Dutrow, Mary H
Mennel, Theresa
Reese, Aline
Roberts, Victoria
Simms, Harry E
Haley, Mary C
Settle, May C. W
Blount, Joseph T
Carroll, John I
Cover, Thomas A
Jones, George S
Mims, AlvinE
Holand, Thomas
Taylor, John H
Gervais, Gladys E
Mann, Harrry C
Hill, Edgar W
Thompson, Frank
Lipkovitz, Israel S
SehafE, Boyd F
Grossman, Albert F._
Doucet, Eva H
Hornbach, Barbara J_.
Robinson, Bessie N___
Simber, Marie C
Barrett, Lester J
Berkley, Guy H
Jackson, Emmitt G___
Jackson, Hamp
Moore, Frederick S___
Tillman, Melvin
Taylor, Mary F
William, Beatrice
Salary
$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
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,320
1,320
1,320
1,320
1,260
1,260
1,260
1,260
1,260
1,260
1,260
1,260
1,260
1,200
1,200
1,200
1,200
600
600
Junior clerk-typist.
!
do
| Junior clerk
j Counter clerk.
Money counterJunior mechanic
Messenger
!
Junior operator, office devices _
Junior stenographer
Under clerk
Junior clerk
Money counter
do_
do_
do
do
Under clerk
Money Counterdo
j Messenger
i
do_
do_
dodoSenior laborer
do
Money counter
Under clerk
Messenger
Senior laborer
Under clerk
do
Under clerk-typist
Money counter
do
do
do
Messenger
do
do
do
do
.—.do
Minor domestic attendant.
do
TABLE NO. 3.—Number of national banks organized since Feb. 25, 1863, number
passed out of the system, and number in existence Oct. 31, 1934
Under act of Feb. 25, 1863
Underact of June 3,1864, as amended
Under Gold Currency Act of July 12, 1870 . .
Under act of Mar. 14, 1900
456
9,078
10
4,752
Total number of national banks organized
Number reported in voluntary liquidation
Number passed into liquidation upon expirat on of corporate existence
Number consolidated under act of Nov. 7, 1918
Number placed in charge of receivers 1
5,357
208
380
2,762
1
14,296
Total number passed out of the system.
8,707
Number now in existence
5,589
Exclusive of those restored to solvency.
176
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 4.—Authorized capital stock of national banks on the 1st day of each
month from Jan. 1, 1930', to Nov. 1, 1934, United States bonds on deposit to
secure circulation, circulation secured by bonds on deposit, the amount of lawful
money on deposit to redeem circulation, and national-bank notes outstanding
[For prior years see annual reports 1920 and 1931]
Date
January...
February__
March
April
May
June
July
August
September.
October
November.
December..
1930
1931
January...
February._
March
April
May
June
July
August
September,
October
November.
December. _
NumUnited
Circulation
ber of
Authorized States bonds secured
banks capital stock, on deposit by United
n existStates
common
to secure
ence
bonds
circulation
Lawful
money on
deposit to
redeem
circulation
Total
nationalbank notes
outstanding
7,472
7,440
7,412
7,372
7,361
7,335
7,311
7, 277
7,262
7,243
7,218
7,185
1, 714, 224,015
1, 715, 527,415
1, 718,132, 565
1, 717,107,165
1, 713, 508,165
1, 754, 760, 629
1, 753, 790,629
1, 752, 883,129
1, 753,458,129
1, 748, 968,129
1, 748, 495, 629
1, 741, 729, 668
667, 774,650
667, 464, 790
667,108, 740
667, 251, 240
667, 650, 750
667,156, 250
666, 824, 750
666,406, 250
667, 320, 950
667, 819, 250
"1,128,450
669, 222, 350
663,823,167
664, 468, 092
664, 928,197
665,107, 343
665, 974, 780
665, 719, 485
665,607, 070
663, 528, 038
664, 838,833
665, 853, 557
668, 017, 935
1,033,075
697,941,240
34,118,073
32,115, 298 696, 583, 390
31, 669, 548 696, 597, 745
31, 066, 745 696,174, 088
31, 225, 248 697, 200, 028
31, 933,193
32, 710, 398
33, 025, 390
32, 984, 335
33, 414, 773
32,137, 965
31, 911, 805
697, 562,678
698, 317,468
696, 553, 428
697, 823,168
699, 268, 330
700,155, 900
699, 944, 880
7,144
7,097
7,049
7,004
6,982
6,937
6,886
6,841
6,790
6,744
6,619
6,564
1, 737,079, 668
1, 732,131, 068
1, 728,321,068
1, 725,826,068
1, 724,821,068
1, 718,432,146
1, 713,822,146
1, 709,282,146
1, 705,277,146
1, 697,752,146
1, 660,760,146
1, 633,380,350
668, 550, 850
666, 204, 350
667, 434, 800
667, 982, 300
668, 503, 700
667, 419, 300
667,154, 800
668, 305,100
667, 950,100
667, 098, 590
665, 255, 340
660, 625, 090
667, 078, 250
664, 451, 097
664, 220,805
666, 682, 898
666, 770, 878
665, 889,688
665, 591, 438
666, 594, 576
666, 020, 536
665, 271,853
665,182, 578
658,491,916
31,
31,
33,
32,
31,
30,
31,
31,
32,
32,
33,
43,
358, 445
939, 068
892, 703
566, 685
278,173
709, 438
413, 008
911, 240
239, 745
861, 923
826, 453
896,465
698, 436, 695
696, 390,165
698,113, 508
699, 249, 583
698,049, 051
696, 599,126
697, 004, 446
698, 505, 816
698, 260, 281
698,133, 776
699, 009, 031
702, 388, 381
6,488
6,411
6,339
6,307
6,278
6,255
6,205
6,172
6,145
6,128
6,104
1,644, 834,765
1, 635,615, 265
1, 608,392, 765
1, 605,062, 765
1, 602,337, 815
1, 598,067,815
1, 589,685,815
1, 576,995,815
1, 574,254,815
1,571, 709,825
1, 645,519,825
1, 641,824, 825
666,474, 590
660, 409, 240
664, 944, 440
667, 669, 240
668, 882, 490
669, 827, 590
670, 487, 590
672, 408, 440
733, 600, 490
780, 377, 630
799, 672, 590
812, 590, 590
664, 798, 311
654, 580, 738
665,138, 348
666, 238, 578
666, 472, 241
668, 580, 423
669, 570, 345
667, 831, 250
719, 829, 513
769, 831,107
787, 913, 945
796, 032, 621
45,813, 585
61,183, 878
67, 238, 875
71, 700, 685
71, 523, 840
70, 036, 500
67,103, 868
66,046,173
63, 576, 840
62,191, 678
75,161, 955
79,848, 287
710, 611, 896
715, 764, 616
732, 377, 223
737, 939, 263
737,996, 081
738,616, 923
736, 674, 213
733, 877,423
783, 406, 353
832, 022, 785
863, 075, 900
875,880, 908
6,049
5,999
5.964
5,953
5,944
5,941
5,946
5,940
5,914
5,884
5,799
5,767
1, 640, 249, 825
1, 630, 569,825
1, 624, 864,825
1, 629, 060,825
1, 631, 738, 325
1, 599, 853,325
1, 597, 369, 675
1, 602, 829,625
1, 597, 612, 625
1, 596, 967, 825
1, 587, 047,825
1, 579, 965,325
796, 908, 870
796, 069, 670
806, 026, 070
885, 871, 740
899,410, 240
897, 952, 290
856,394, 230
852, 529, 890
855, 781, 930
857, 210, 430
852, 631, 430
859, 736,430
786,734,150
94, 596, 698
786, 034, 870
95, 111, 140
800, 885, 900
93, 435,155
875,820,165
90,840, 375
893,199, 238
88, 832,155
864, 590,423 116, 072, 980
853, 935, 968 116, 665,120
848, 207, 263 118,426, 910
851, 509, 995 114,422,100
852,464,810 110, 533, 735
849,453, 595 112, 094, 540
853,937, 995 107,333, 292
881, 330,848
881,146, 010
894, 321, 055
966, 660, 540
982,031, 393
980, 663,403
970, 601, 088
966, 634,173
965, 932, 095
962, 998, 545
961, 548,135
961,271,287
5,741
5,716
5,711
5,692
5,665
5,644
5,633
5,631
5,623
5,605
5,589
1, 522, 213, 691
1,464,908, 691
1,456,298,691
1,400, 231,941
1,380,092,141
1, 370,361,941
1,354,103,741
1,346, 791, 241
1,340,182,741
1, 333, 617,051
1,326,730,901
890,136, 780
890,191,530
887,005,520
847,058,170
799, 699,770
750,869,320
736, 948,670
718,150,910
707,112, 660
700,112,950
696, 720,650
885, 835,678
886,086, 290
884,147,835
840,848,330
791,996,353
743,980,298
729,973,968
713,013,985
702,209,638
694,482,633
692,796, 653
987, 514, 378
985, 594, 513
984,636,948
981,547, 663
974,148, 798
963,191, 553
954,694,753
941,784, 225
928,988,450
917,988, 768
907,392, 088
1932
January...
February-March
April
May
June
July
August
September.
October
November.
December—
1933
January
February
March
April
May
June
July
August
September
October
November
December
January.. _
February...
March
April
May
June
July
August
September.
October
November.
1934
101,678, 700
99,508,223
100,489,113
140, 699, 333
182,152, 445
219, 211, 255
224, 720, 785
228, 770, 240
226,778,812
223, 506,135
214, 595, 435
NOTE.—Notes redeemed but not assorted not included in circulation outstanding.
NOTE.—New series of notes included since July 1929.
REPORT OP THE COMPTROLLER OP THE CURRENCY
177
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1938, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital
Name and location, ol" bank
The First National Bank of Springville, Pa. (11393), absorbed by The First
and Farmers National Bank and Trust Company of Montrose, Pa
The Citizens National Bank of Gastonia, N. C. (7536), succeeded by The
Citizens National Bank in Gastonia
The First National Bank of Columbia, 111. (717), succeeded by The First
National Bank in Columbia
."
The Marion National Bank, Marion, Ind. (7758), succeeded by Marion
National Bank of Marion
The First National Bank in Reading, Mass. (13558), succeeded by First
National Bank of Reading
The Jewell County National Bank of Burr Oak, Kans. (7302), absorbed by
The Burr Oak State Bank
The Commercial National Bank of Uvalde, r 'ex. (6831), absorbed by First
State Bank of Uvalde
The Farmington National Bank, Farmington, N. H. (2022), succeeded by
Farmington National Bank
The First National Bank of Scottsdale, Pa. (1098), succeeded by First National Bank of Scottsdale
The Dennison National Bank, Dennison, 0 lio (6843), succeeded by The
First National Bank of Dennison
Fidelity National Bank and Trust Company of Kansas City, Mo. (11344),
succeeded by Union National Bank in Kansas City
The Stockgrowers National Bank of Ashland, Kansas (5386), succeeded by
The Stockgrowers State Bank of Ashland
The Hico National Bank, Hico, Tex. (7157), absorbed by The First National
Bank of Hicq
The First National Bank of Ronceverte, W. 7a. (5280), succeeded by First
National Bank in Ronceverte
The Paintsyille National Bank, Paintsville, Ky. (6100), succeeded by The
First National Bank of Paintsville
The Rockville National Bank, Rockville, Conn. (509), absorbed by The
Hartford-Connecticut Trust Company, Hariford, Conn
The Lewiston National Bank, Lewiston, Idaho (3023), succeeded by Lewiston
National Bank
The Washington National Bank, Washington, towa (1762), succeeded by The
National Bank of Washington
The First National Bank of Charlestown, Ind. (6952), succeeded by First
Bank of Charlestown
Central National Bank and Trust Company of Battle Creek, Mich. (7013),
succeeded by The Central National Bank at Battle Creek
United States National Bank of McMinnville, Oreg. (3857), absorbed by
The United States National Bank of Portland, Oreg
The United States National Bank of Salem, Oreg. (9021), absorbed by The
United States National Bank of Portland, O -eg
The First National Bank of St. Helens, Oreg. (11200), absorbed by The United
States National Bank of Portland, Oreg
The Washington National Bank of Olympia, Wash. (13662), absorbed by
First National Bank of Seattle, Wash
The First National Bank of Hampton, Va. (6842), succeeded by The Citizens
National Bank of Hampton
The Florida National Bank, Florida, N. Y. (9956), succeeded by The National
Bank of Florida
The Farmers National Bank of Chinook, Mont. (10053), succeeded by The
Farmers National Bank in Chinook
Tvhe Tuxedo National Bank, Tuxedo, N. Y. (1.1404), succeeded by The National Bank of Tuxedo
The First National Bank of Meriden, Conn. (250), absorbed by The HartfordConnecticut Trust Company, Hartford, Conn
The First National Bank of Middletown, Conn. (397), absorbed by The
Hartford-Connecticut Trust Company, Hartford, Conn
The First National Bank of Stafford Springs, Conn. (3914), absorbed by The
Hartford-Connecticut Trust Company, Hartford, Conn
The Citizens National Bank of Cedar Vale, Kims. (6530)
The First National Bank of May, Tex. (8327)
The Kinsman National Bank, Kinsman, Ohio (3077), succeeded by The First
National Bank of Kinsman
The Citizens National Bank of Daingerfield, Tex. (7096), absorbed by The
National Bank of Daingerfield
The Farmers National Bank of Texhoma, Oklfc.. (12L25)
The National Exchange Bank and Trust Company of New York, N. Y. (13442)
The First National Bank of Marlinton, W. Va. (6538), succeeded by First
National Bank in Marlinton
The Sorento National Bank, Sorento, Illinois (10505)
National Ulster County Bank and Trust Company of Kingston, N. Y. (1050),
succeeded by The National Ulster County Bank of Kingston
The First National Bank of Hubbell, Mich. (!>359), succeeded by The First
National Bank at Hubbell
...
._._...
Date of
liquidation
Capital
Sept. 14,1933
$25, 000
Nov. 7,1933
500, 000
Oct. 21,1933
50,000
Nov. 6,1933
250,000
Nov. 1,1933
100,000
Nov. 14,1933
50,000
Nov. 16,1933
100, 000
Nov. 18,1933
50, 000
Nov. 10,1933
50, 000
Nov. 29,1933
100,000
Nov. 24,1933
4, 000, 000
Nov. 27,1933
50,000
Dec.
1,1933
60, 000
Nov. 28,1933
75,000
Dec.
4,1933
200, 000
Dec.
12,1933
100, 000
Dec.
4,1933
100, 000
Dec.
15,1933
100,000
Dec.
12,1933
25, 000
Dec.
4,1933
500, 000
Dec.
1,1933
125, 000
Dec.
15,1933
100,000
Dec.
8,1933
50, 000
15,1933
100,000
Dec.
Nov. 6,1933
50, 000
100,000
Dec.
13,1933
Dec.
18,1933
50, 000
Dec. 28,1933
100,000
200,000
200,000
50,000
50,000
25,000
50, 000
30,000
25,000
1,000,000
do
4,1934
50,000
25,000
Dec.
15, 1933
200,000
Jan.
6,1934
50,000
Jan.
178
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Name and location of bank
The First National Bank of El Segundo, Calif. (11850), absorbed by SecurityFirst National Bank of Los Angeles, Calif
The Cecil National Bank of Port Deposit, Md. (1211), succeeded by The
Cecil National Bank at Port Deposit
The Claremont National Bank, Claremont, N. H. (596), succeeded by Claremont National Bank
The First National Bank of Santa Anna, Tex. (8109), succeeded by The Santa
Anna National Bank
The National Tradesmens Bank and Trust Company of New Haven, Conn.
(1202), succeeded by The Tradesmens National Bank of New Haven
The Rochelle National Bank, Rochelle, Tex. (12796), absorbed by The Commercial National Bank of Brady, Texas
The Security National Bank of Cheney, Wash.(9144), absorbed by Spokane
and Eastern Trust Company, Spokane, Wash
The Peoples National Bank of Kansas City, Kans. (9309), succeeded by
Security National Bank of Kansas City
The First National Bank of Mildred, Pa. (9552), absorbed by The First
National Bank of Dushore, Pa
The Atlantic National Bank of Charleston, S. C. (10708), absorbed by Citizens
and Southern Bank of South Carolina, Charleston
City National Bank in Wellington, Tex. (12166), succeeded by City State
Bank in Wellington
The First Greenwood National Bank, Greenwood, Wash. (P. O. Seattle, Wash.)
(12851), absorbed by First National Bank of Seattle, Wash
The Coshocton National Bank, Coshocton, Ohio (5103), succeeded by Coshocton National Bank
The First National Bank of Harrisville, Pa. (6859), succeeded by First National Bank in Harrisville
The Red Oak National Bank, Red Oak, Iowa, (3055) succeeded by The Montgomery County National Bank of Red Oak
The Peoples National Bank of Montclair, N. J. (12675), absorbed by The
Montclair Trust Company, Montclair
The First National Bank of Boone, Iowa (3273), succeeded by The Citizens
National Bank of Boone
The Rural Valley National Bank, Rural Valley, Pa. (6083), succeeded by The
Peoples National Bank of Rural Valley
The First National Bank of Green, Kans. (11222), absorbed by The Peoples
National Bank of Clay Center, Kans
The Citizens National Bank of Hampton, Iowa (7843), succeeded by First
National Bank of Hampton
The Farmers National Bank of Holdenville, Okla. (10659), absorbed by The
First National Bank of Holdenville
The First National Bank of Belmar, N. J. (5363), succeeded by The Belmar
National Bank
The Washington National Bank of Commerce of Seattle, Wash. (13471), absorbed by The National Bank of Commerce of Seattle
The Rockwell City National Bank, Rockwell City, Iowa (11582), succeeded
by The National Bank of Rockwell City
The Fletcher American National Bank of Indianapolis, Ind.1 (9829), succeeded
by American National Bank at Indianapolis
The City National Bank of Dixon, 111. (3294), succeeded by City National
Bank in Dixon
The Capital National Bank of Olympia, Wash. (4297), absorbed by The
National Bank of Commerce of Seattle, Wash
The First National Bank of Edgerton, Wis. (7040), succeeded by The National Bank of Edgerton
The Hartford National Bank, Hartford, Ala. (13128), absorbed by The First
National Bank of Dothan, Ala
The Central National Bank of Commerce of Seattle, WTash. (13470), absorbed
by The National Bank of Commerce of Seattle
The First National Bank of West Union, W. Va. (6424), succeeded by First
National Bank in West Union
The First National Bank of Bellaire, Ohio (1944), succeeded by First National
Bank in Bellaire
The National Spraker Bank of Canaioharie, N. Y. (1257), succeeded by
National Spraker Bank in Canajoharie
The Farmers and Mechanics National Bank of Mercer, Pa. (2256), succeeded
by The Farmers National Bank of Mercer
The First National Bank of Albuquerque, N. Mex. (2614), succeeded by First
National Bank in Albuquerque
The First National Bank of Albion, Pa. (9534), succeeded by First National
Bank at Albion
The Greys Harbor National Bank of Aberdeen, Wash. (12704), absorbed by
The National Bank of Commerce of Seattle, Wash
The First National Bank of Parkton, Md. (9444), succeeded by The First
National Bank in Parkton
The National Bank & Trust Company of North Kansas City, Mo. (10367),
succeeded by The National Bank in North Kansas City
i With one branch in Indianapolis.
Date of
liquidation
Capital
8,1934
$25,000
9,1934
100,000
Jan. 15,1934
500,000
Jan.
50,000
—do
Jan.
50,000
25, 000
Dec. 30,1933
50,000
9,1934
200,000
Jan. 13,1934
200,000
Jan.
100,000
Jan.
25,000
— _do
9,1934
Dec. 22,1933
25,000
Jan. 12,1934
200,000
9,1934
40,000
Jan. 16,1934
100,000
Jan.
200,000
do
Jan. 5, 1934
200,000
Jan. 15,1934
60,000
Jan. 24,1934
25,000
Jan. 20,1934
100,000
Oct.
8,1933
Dec. 1,1933
Jan.
9,1934
25,000
50,000
100,000
Jan. 29,1934
50,000
Jan. 24,1934
3,600,000
Jan. 19,1934
100,000
Jan. 30,1934
100,000
Jan. 20,1934
50,000
Jan. 31,1934
Jan.
9,1934
50,000
200,000
Feb.
5,1934
50,000
Jan.
2,1934
300,000
Feb.
8,1934
100,000
Feb.
7,1934
400,000
Feb.
do
80,000
6,1934
50,000
Jan. 29,1934
200,000
Feb. 12,1934
25,000
Jan. 30,1934
50,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
179
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Name and location of bank
The First National Bank of Haddon Heights, N". J. (13530), absorbed by First
Camden National Bank and Trust Company, Camden, N. J
The New Florence National Bank, New Florence, Pa. (10353), succeeded by
New Florence National Bank
The Cumberland County National Bank of Neoga, 111. (5426), succeeded by
Cumberland County National Bank in Neoga
The Burrows National Bank of Andover, N. Y. (8146), succeeded by The
Andover National Bank
The Skagit National Bank of Mount Verno.i, Wash. (12154), absorbed by
First National Bank of Seattle, Wash
The Greeley Union National Bank, Greeley, Colo. (4437), succeeded by The
Greeley National Bank
The Farmers National Bank of Somerset, Pa. (5452), succeeded by The
Peoples National Bank of Somerset
The Grand Valley National Bank of Grand Junction, Colo. (6137), succeeded
by First National Bank in Grand Junction
The First National Bank of Ha warden, Iowa (4594), succeeded by First
National Bank in Hawarden
Farmers and Merchants National Bank & Trust Company of Benton Harbor,
Mich. (105 29), succeeded by Farmers and Merchants National Bank in
Benton Harbor
The First Narional Bank in Temple, Tex. (132(16), succeeded by First National
Bank of Temple
The Jackson National Bank, Jackson, Ga. (9186), succeeded by Jackson National Bank
The First National Bank of Nevada, Tex. (5721), absorbed by The First
National Bank in Farmersville, Tex
The First National Bank of Renton, Wash. (12399), absorbed by Peoples
Bank & Trust Company of Seattle, Wash
The Coos County National Bank of Groveton, N. H. (5317), succeeded by
Groveton National Bank
The Lockhart National Bank, Lockhart, Tex. (5491), succeeded by FirstLockhart National Bank
The First National Bank of Silverton, Colo. (2930)
The First National Bank of Lockhart, Tex. (4030), succeeded by First-Lockhart National Bank
The Farmers and Merchants National Bank of Bellaire, Ohio (7327), succeeded
by Farmers and Merchants National Bank in Bellaire
Farmers National Bank in Houlton, Maine (13827), absorbed by The First
National Bank of Houlton
The Oilfields National Bank of Brea, Calif. (13001), succeeded by Oilfields
National Bank in Brea
The First National Bank ofPepperell (P. O. East Pepperell), Mass. (5964),
succeeded by First National Bank in Peppf-rell (P. O. East Pepperell)
The First National Bank of Pinckneyville, 111. (6025), succeeded by First
National Bank in Pinckneyville
The First National Bank of Ontonagon, Mich. (6820), succeeded by The First
National Bank of Ontonagon
The Spur National Bank, Spur, Tex. (9611), succeeded by Spur Security Bank.
The First National Bank of Ree Heights, S. Dak. (13061), absorbed by The
First National Bank of Miller, S. Dak
The First National Bank of Lake Crystal, Minn. (6918), succeeded by The
Lake Crystal National Bank
First National Bank in Carrollton, Ohio (11714), succeeded by The First
National Bank at Carrollton
First National Bank in Conneautville, Pa. (12189), succeeded by The Farmers
National Bank of Conneautville
The First National Bank of Herndon, Pa. (604U), succeeded by The Herndon
National Bank
The Dickson City National Bank, Dickson City, Pa. (9851), succeeded by
The First National Bank of Dickson City
The First National Bank of Spring Lake, N. J. (5730), succeeded by First
National Bank of Spring Lake
The First National Bank and Trust Company of New Egypt, N. J. (8254),
succeeded by First National Bank in New Egypt
The Pearsall National Bank in Pearsall, Tex. (13572), succeeded by Security
State Bank, Pearsall
The First National Bank of Conneaut Lake, Pa. (6891), succeeded by First
National Bank at Conneaut Lake
The First National Bank of Jordan, Mont. (11493), absorbed by First National
Bank in Miles City, Mont
The First National Bank of Hegins, Pa. (9107); succeeded by First National
Bank of Hegins
The Nebraska National Bank of Hastings, Nebr. (3732), succeeded by City
National Bank of Hastings
The Pine Bush National Bank, Pine Bush, N. Y. (9940), succeeded by The
National Bank of Pine Bush
2
Includes $50,000 preferred capital stock.
Date of
liquidation
Feb. 14,1934
Capital
$100,000
Feb. 15,1934
25,000
Feb. 10,1934
50, 000
Dec. 30.1933
25,000
Feb. 13.1934
100,000
Feb. 14,1934
200, 000
Feb. 20,1934
50, 000
Feb. 13,1934
100, 000
Feb. 12,1934
50,000
Jan.
9,1934
275, 000
Feb. 15,1934
100, 000
Feb. 20,1934
75,000
25,000
5,1934
50, 000
Nov. 28,1933
50, 000
Feb. 20,1934
Mar. 1,1934
200,000
50, 000
Feb 20,1934
200,000
Feb.
Feb. 13,1934
100, 000
Feb. 20,1934
2 100,000
Mar. 2,1934
75, 000
Mar. 1,1934
50,000
Mar. 8,1934
50,000
do
Feb. 26,1934
50,000
100,000
Mar. 7,1934
25, 000
Mar. 9,1934
60,000
Feb. 21, 1934
100,000
Mar. 7,1934
50,000
Mar. 9,1934
25, 000
Feb. 19,1934
50,000
Feb. 24,1934
25,000
Mar. 15,1934
100, 000
Mar. 10,1934
25, 000
Mar. 13,1934
50,000
Feb. 26,1934
25, 000
Mar. 19,1934
50,000
Mar. 9,1934
100, 000
Mar. 20,1934
50,000
180
EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Name and location of bank
The First National Bank of St. Clairsville, Ohio, (315), succeeded by First
National Bank in St. Clairsville
The First National Bank of New Freedom, Pa. (6715), succeeded by First
National Bank in New Freedom
The First National Bank of Philmont, N. Y. (7233), succeeded by Philmont
National Bank
The First National Bank of Granville at Oxford, N. C. (5885), succeeded by
The Oxford National Bank
The Fredonia National Bank, Fredonia, Pa. (7471), succeeded by Fredonia
National Bank
The First National Bank of Clay City, Ind. (9540), absorbed by Farmers and
Merchants Bank of Clay City
The First National Bank of Clatskanie, Oreg. (11758), succeeded by First
National Bank in Clatskanie
The Third National Bank of Chestertown, Md. (9744), succeeded by The
First National Bank of Chestertown
The Altadena National Bank, Altadena, Calif. (12910)
The First National Bank of Sharon, Pa. (1685), succeeded by First National
Bank in Sharon
The Packers National Bank of South Omaha (P. O. Omaha), Nebr. (4589),
succeeded by Packers National Bank in Omaha
The Villisca National Bank, Villisca, Iowa (7506), succeeded by The Nodaway Valley National Bank of Villisca
The First National Bank of Big Springs, Big Spring, Tex. (4306), succeeded
by The First National Bank in Big Spring
The West Texas National Bank of Big Spring, Tex. (6668), succeeded by The
First National Bank in Big Spring
The First National Bank of Milton, Fla. (7034), succeeded by First National
Bank in Milton
.
The Berwyn National Bank, Berwyn, Pa. (3945), succeeded by Berwyn
National Bank
The Blairsville National Bank, Blairsville, Pa. (4919), succeeded by Blairsville National Bank
Southside National Bank of Elmira, N. Y. (13377), absorbed by First National
Bank & Trust Company of Elmira
The First National Bank of Breckenridge, Tex. (7422), succeeded by First
National Bank in Breckenridge.
The Hollywood National Bank of Los Angeles, Calif. (12804), absorbed by
The Seaboard National Bank of Los Angeles
The First National Bank of Boulder, Colo. (2352), succeeded by First National
Bank in Boulder
The Army National Bank of Fort Lewis, Wash. (11805), absorbed by The
National Bank of Tacoma, Wash
First National Bank in Independence, Kans. (4592), succeeded by The Citizens National Bank in Independence
The First National Bank of Onancock, Va. (4940), succeeded by The First
National Bank in Onancock
The Oystermen's National Bank of Sayville, N. Y. (5186), absorbed by The
Oystermen's Bank and Trust Company of Sayville
The Fayette County National Bank of West Union, Iowa (2015), succeeded
by The First National Bank of West Union
The First National Bank of Altamont, 111. (8733), succeeded by The First
National Bank in Altamont
The Oak Hill National Bank, Oak Hill, W. Va. (12075), succeeded by The
First National Bank of Oak Hill....
The First National Bank of Owenton, Ky. (2868), succeeded by The First
National Bank in Owenton
The First National Bank in Windham, N. Y. (12164), succeeded by The
National Bank of Windham
First National Bank in Wellington, Ohio (12321), absorbed by The First
Wellington Bank
The First National Bank of Blackfoot, Idaho (7419), absorbed by Idaho Bank
and Trust Company, Pocatello, Idaho
The First National Bank of Garfield, N. J. (8462), succeeded by First National
Bank in Garfield
The Peoples National Bank of Elkins, W. Va. (8376), succeeded by The
Tygarts Valley National Bank of Elkins
National Bank of Ellsworth, Pa. (6929)
The First National Bank of Utica, Mich. (12826), succeeded by The Utica
National Bank
First National Bank & Trust Company of Tarentum, Pa. (4453), succeeded
by First National Bank in Tarentum
The First National Bank of St. Charles, Minn. (6237), succeeded by First
National Bank in St. Charles
The First National Bank of Bremerton, Wash. (9280), absorbed by The
National Bank of Commerce of Seattle, Wash
Kings Park National Bank, Kings Park, N. Y. (12489), succeeded by The
National Bank of Kings Park
Date of
liquidation
Capital
Mar. 10,1934
$150,000
Feb. 13,1934
50,000
Mar. 24,1934
50,000
Mar. 16,1934
200,000
Mar. 20,1934
25, 000
Mar. 22,1934
25, 000
Mar. 26,1934
50,000
Mar. 27,1934
Mar. 22,1934
50, 000
50,000
Mar. 28,1934
300,000
Mar. 29,1934
200,000
Mar. 20,1934
60, 000
Mar. 19,1934
50,000
_do_.
50, 000
Mar. 27,1934
50,000
Apr. 2,1934
125, 000
Mar. 24,1934
100,000
3,1934
100,000
Mar. 29,1934
200,000
Mar. 26,1934
200,000
Apr. 10,1934
100,000
Apr.
Apr.
3,1934
25,000
Apr.
9,3934
300,000
Apr. 10,1934
100,000
Apr. 14,1934
100,000
Mar. 14,1934
50,000
Apr. 12,1934
50,000
Mar. 19,1934
50,000
Apr. 13,1934
63,000
Mar. 23,1934
25, 000
Oct. 28.1933
60,000
2,1934
50,000
Apr. 17, 1934
200, 000
Apr. 16.1934
Apr. 17,1934
50,000
25, 000
Jan.
.doApr. 18,1934
50, 000
200,000
Apr. 17,1934
25,000
Apr. 2,1934
100, 000
Apr. 19,1934
50,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
181
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1983} to Oct.
81, 1984, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Name and location of bank
The South Side National Bank and Trust Company of Newark, N. J.3
(12631), absorbed by The West Side Trust Co., Newark
First National Bank in Lodi, N. J. (13164), absorbed by Peoples Trust Company of Bergen County, Hackensack, N. J_.
-.
The Elkins National Bank, Elkins, W. Va. (4718), succeeded by The Tygarts
Valley National Bank of Elkins
The First National Bank of Sebastopol, Calif. (9648), absorbed by Sebastopol
Savings Bank, Sebastopol—
...
The First National Bank of Hardwick, Calif. (10364), absorbed by The First
National Bank of Riverdale, Calif
The La Rose National Bank, La Rose, 111. (10514), absorbed by The Citizens
National Bank of Toluca, 111
Fannettsburg National Bank, Fannettsburg, Pa. (10899), absorbed by The
National Bank of Chambersburg, Pa
_.
The Tanners National Bank of Woburn, Mass. (11067), succeeded by Tanners National Bank in Woburn
_
.
The Grundy County National Bank of Gruady Center, Iowa (3396), succeeded by The Grundy National Bank of Grundy Center
The First National Bank of De Kalb, 111. (270il), succeeded by First National
BankinDeKalb
The First National Bank of Winthrop, Minn. (7014), succeeded by First
National Bank in Winthrop
The First National Bank of George West, Tex. (12919), succeeded by First
National Bank in George West
The First National Bank of Newton, 111. (586S), succeeded by First National
Bank in Newton
--The First National Bank of Fairfield, Iowa (1475), succeeded by First National
Bank in Fairfleld
--The Citizens National Bank of Belle Plaine, Iowa (4754), succeeded by The
Citizens National Bank at Belle Plaine
The Greenville National Bank, Greenville, Ohio (7130), succeeded by Greenville National Bank
--The Metuchen National Bank, Metuchen, N. J. (7754), succeeded by Metuchen National Bank
-—
The First National Bank of Elberton, Ga. (9252), succeeded by First National
Bank in Elberton
The First National Bank of North Bend, Greg. (9328) succeeded by The
North Bend National Bank
-The Teaneck National Bank, Teaneck, N. J. (12981), absorbed by Peoples
Trust Company of Bergen County, Hackensack, N. J
The First National Bank of Soldiers Grove, Wis. (13308)
The First National Bank of Stanford, Ky. (2783), succeeded by First National
Bank in Stanford
The Central National Bank of Chillicothe, Ohio (2993)
The First National Bank of Lenox, Iowa (5517), succeeded by First National
Bank in Lenox
The First National Bank of Marshall, Mich. (1515), succeeded by First
National Bank in Marshall
The Wallace National Bank of Exeter, Nebr. (13189), succeeded by First
National Bank in Exeter
The American National Bank of Walters, Okk.. (12118), succeeded by Walters
National Bank..
The First National Bank of Aurora, Nebr. (2897), succeeded by The First
National Bank in Aurora
Peoples National Bank of Prunswick, Md. (8244), succeeded by The Peoples
National Bank in Brunswick
The Dover National Bank, Dover, Pa. (9362), succeeded by Dover National
Bank
The Springs-First National Bank of Cambridge Springs, Pa. (9430), succeeded
by Springs-First National Bank in Cambridge Springs. _The First National Bank of Falfurrias, Tex. (11792), succeeded by The First
First National Bank in Falfurrias
The Southern National Bank of Wynnewood, Okla. (5731), absorbed by The
First National Bank of Wynnewood
The Union National Bank of McKeesport, Pa. (7559), succeeded by The
Union National Bank at McKeesport--The First National Bank of Viroqua, Wis. (8529), succeeded by First National
Bank in Viroqua
The First National Bank and Trust Company of Greensburg, Pa. (2558),
succeeded by First National Bank in Greensburg
The First National Bank of Tucumcari, N. Mex. (6288), succeeded by The
First-American National BaDk in Tucumcari
___
Bridgeport National Bank, Bridgeport, Ohio (6624), succeeded by The
Bridgeport National Bank
The First National Bank of Clear Lake, Iowa (7869), succeeded by The First
National Bank in Clear Lake
The Conewango Valley National Bank, Conewango Valley, N. Y. (10930),
succeeded by Cherry Creek National Bank, Cherry Creek, N. Y
The First National Bank of Groveton, Tex. (6329), succeeeed by First National Bank in Groveton
-*, With 2 branches in Newark.
3—3j5;
13,
Date of
liquidation
Apr. 17,1934
Capital
$300,000
100,000
.do
Apr. 16,1934
100,000
Dec. 27,1933
100,000
Feb. 13,1934
25,000
Mar. 28,1934
25,000
Apr. 16,1934
25,000
Apr. 17,1934
100,000
Apr. 20,1934
50,000
Apr. 24,1934
100,000
Apr. 25,1934
25,000
Apr. 16,1934
50,000
Apr. 25,1934
50,000
Apr. 26,1934
100,000
Apr. 23,1934
Apr.
50,000
9,1934
250,000
Apr. 25,1934
100,000
do
120,000
Apr. 24,1934
100,000
Apr. 17,1934
Mar. 26,1934
50,000
25,000
May 1,1934
do
50,000
100, 000
Apr. 30,1934
May
1,1934
50,000
100, 000
Apr. 27,1934
50,000
Apr. 26,1934
30,000
Apr. 28,1934
50,000
May
5,1934
50,000
May
2,1934
25,000
Apr. 27,1934
100,000
Apr. 28,1934
50,000
Jan.
8,1934
50,000
May
9,1934
150,000
May 8,1934
May
9,1934
May
50,000
480,000
8,1934
100,000
May 11,1934
200,000
May 10,1934
60,000
May 12,1934
25,000
May 14,1934
100,000
182
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1988, to Oct.
81, 1984, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Name and location of bank
The Liberty National Bank of Guttenberg, N. J. (12806), succeeded by Liberty
National Bank in Guttenberg
!
The Lyons National Bank, Lyons, Kans. (5353), absorbed by The Chandler
National Bank of Lyons.
The First National Bank of Stoystown, Pa. (5682), succeeded by The First
National Bank at Stoystown
The First National Bank of Barbourville, Ky. (6262), succeeded by The Union
National Bank of Barbourville
The National Bank of John A. Black of Barbourville, Ky. (7284), succeeded
by The Union National Bank of Barbourville
First National Bank in East St. Louis, 111. (11596), succeeded by First National Bank at East St. Louis
The First National Bank of Steele, Mo. (12452),absorbed by The National
Bank of Caruthersville, Mo
The Nevada National Bank, Nevada, Iowa (13083), succeeded by Nevada
National Bank
Lagonda-Citizens National Bank of Springfiled, Ohio (2098), succeeded by
Lagonda National Bank of Springfield
The Palisades Park National Bank & Trust Company, Palisades Park, N. J.
(11909), succeeded by The National Bank of Palisades Park
The First National Bank of Export, Pa. (7624), succeeded by First National
Bank of Export
_
_
_.
The Citizens National Bank of Hammond, La. (11977), succeeded by The
Citizens National Bank in Hammond
The Cherry Creek National Bank, Cherry Creek, N. Y. (10481), succeeded by
Cherry Creek National Bank
_
The National Bank of Union City, Pa. (5131), succeeded by National Bank of
Union City
The First National Bank of Gouverneur, N. Y. (2510), succeeded by First
National Bank in Gouverneur
The First National Bank of Calvin, Okla. (6980), absorbed by The First National Bank of Holdenville, Okla
The First National Bank of Cecil, Pa. (7076), succeeded by First National
Bank in Cecil
_
.
_ .
The Vallejo Commercial National Bank, Vallejo, Calif. (11206), absorbed by
Bank of America National Trust and Savings Association, San Francisco,
Calif.
The Placerville National Bank, Placerville, Calif. (12056), absorbed by Bank
of America, San Francisco, Calif
First National Bank in Grass Valley, Calif. (12433), absorbed by Bank of
America, San Francisco, Calif
The First National Bank of Paris, Ky. (6323), succeeded by The National
Bank and Trust Company of Paris
The First National Bank of Hamlin, Tex. (8252), absorbed by The Farmers &
Merchants National Bank of Hamlin
The Walters National Bank, Walters, Okla. (7811), succeeded by Walters
National Bank
The First National Bank of Gladstone, Mich. (10886), succeeded by First
National Bank in Gladstone
The Adams National Bank of Devine, Tex. (7212), absorbed by Lytle State
Bank, Lytle, Tex
.
The United States National Bank of Superior, Wis. (9140), succeeded by The
Union National Bank of Superior
Shenandoah National Bank, Shenandoah, Iowa (12950), succeeded by The
City National Bank of Shenandoah
The First National Bank in Durand, Wis. (13529), succeeded by The Security
National Bank of Durand
The First National Bank of Canyon, Tex. (5238), succeeded by The First
National Bank in Canyon
The First National Bank of Goodland, Kans. (6039), succeeded by First National Bank in Goodland
__
The First National Bank of Crewe, Va. (9455), succeeded by The National
Bank of Crewe
_
The First National Bank of Kanorado, Kans. (11860), succeeded by First National Bank in Goodland, Kans
The Trinidad National Bank, Trinidad, Colo. (3450), succeeded by Trinidad
National Bank.
The American National Bank of Tucumcari, N. Mex. (10594), succeeded by
The First-American National Bank in Tucumcari
The First National Bank of Tonasket, Wash. (10407), succeeded by First National Bank in Tonasket
The Traders National Bank of Buckhannon, W. Va. (4760), succeeded by The
Central National Bank of Buckhannon
The First National Bank in Amboy, Minn. (13342), succeeded by The Security
National Bank of Amboy
_
The First National Bank of Odebolt, Iowa (4511)
The First National Bank of Vermilion, 111. (10365)
__
The Citizens National Bank of Windber, Pa. (6848), succeeded by Citizens
National Bank in Windber..
Date of
liquidation
Capital
Apr. 24,1934
$100,000
May 16,1934
50,000
May 18,1934
50,000
May 10,1934
do
May
50,000
30,000
8,1934
400,000
25,000
do
1,1934
40,000
May 15,1934
500,000
May 17,1934
100,000
May
Apr. 30,1934
25,000
May 18,1934
100,000
May 15,1934
25,000
May 18,1934
100,000
May 25,1934
200,000
May 26,1934
25,000
May 19,1934
25,000
May 18,1934
100,000
May 22,1934
do
May
50,000
50,000
9,1934
100,000
May 19,1934
40,000
Apr. 16,1934
50,000
May 28,1934
50,000
May 29,1934
50,000
May 22,1934
200,000
June 1,1934
100,000
May 24,1934
50,000
May 31,1934
50,000
June
4,1934
25,000
May 31,1934
50,000
June
4,1934
do
25,000
100,000
May 25,1934
50,000
May 26,1934
25,000
June 11,1934
50,000
May 15,1934
June 18,1934
May 18,1934
25,000
140,000
25,000
June
100,000
2,1934
EEPOET OF THE COMPTEOLLEE OP THE CTJBBENCY
183
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Name and location of bank
The Citizens National Bank of Llano, Tex. (12463)
The First National Bank of What Cheer, Iowa (3192), succeeded by The First
National Bank in What Cheer
The Berlin National Bank, Berlin, N. H. (4523), succeeded by Berlin National
Bank, which changed its title to Berlin City National Bank
The First National Bank of Moundsville, W. Va. (5717), succeeded by First
National Bank at Moundsville
__
The First National Bank of Lime Springs, Iowa, (6750), absorbed by Exchange
State Bank, Lime Springs
The First National Bank of Shelton, Wash. (13723), absorbed by First National Bank of Seattle, Wash
The United States National Bank of Johnstown, Pa. (5913), succeeded by
United States National Bank in Johnstown
The Citizens National Bank of Groesbeeck, Groesbeck, Tex. (6461), succeeded
by Citizens National Bank in Groesbeck
The First National Bank of Gentry, Ark. (12340), absorbed by Bratt State
Bank, Siloam Springs, Ark
The First National Bank of Edinburg, Tex. (13315), succeeded by First National Bank in Edinburg
First National Bank and Trust Company of Ridgewood, N. J. (5205), absorbed
by Citizens First National Bank and Trust; Company of Ridge wood
Dallas National Bank, Dallas, Oreg. (7422), absorbed by Dallas City Bank,
Dallas
The Clementon National Bank, Clementon, N. J. (11147), succeeded by
National Bank of Clementon
The Auburn National Bank, Auburn, Wash. (12085), succeeded by Auburn
National Bank
The First National Bank of Marion, Wis. (12i!86), succeeded by First National
Bank in Marion
The National Bank of Grey Eagle, Minn. (12307), succeeded by State Bank of
Grey Eagle
The Haskell National Bank, Haskell, Tex. (4474), succeeded by Haskell
National Bank
The Union National Bank of Mount Wolf, Pa. (9361), succeeded by Union
National Bank in Mount Wolf
The National Trust Bank of Charleston, 111. (11358), succeeded by The
Charleston National Bank
The American National Bank of Woodstock, 111. (6811), succeeded by First
National Bank of Woodstock
The Carbonate American National Bank of Leadville, Colo. (3746)
The First National Bank of Metcalf, 111. (79,'i4)____
The First National Bank of Bellevue, Tex, (8672), absorbed by The First
National Bank of Henrietta, Tex
The Gouger National Bank of Robstown, Tex. (12753), succeeded by The
Robstown National Bank
The First National Bank of Williamsburg, Pa. (6971), succeeded by First
National Bank of Williamsburg
The First National Bank in Gallitzin, Pa. 113533), succeeded by First National Bank at Gallitzin
The Central National Bank of Cambridge, Ohio (2872), succeeded by The
Central National Bank at Cambridge
The First National Bank of Traer, Iowa (5135), succeeded by The First National Bank in Traer
The First National Bank of Ville Platte, La. (10588), absorbed by The Evangeline Bank & Trust Company of Ville Platle
The First National Bank of St. Marys, Ohio (4219) succeeded by First National Bank in St. Marys
The First National Bank of Lamar, Mo. (4057), succeeded by First National
Bank in Lamar
The Buchel National Bank of Cuero, Tex. (X562), succeeded by Buchell National Bank in Cuero
The First National Bank of Lucas, Kans. (7561)
The First National Bank of Trenton, 111. (10125)
The Farmers National Bank and Trust Company of Winston-Salem, N. C.4
(12278), succeeded by The First National Bank of Winston-Salem
The American National Bank of McLean, T3x. (10957), succeeded by American National Bank in McLean
The Merchants National Bank of Nebraska City, Nebr. (2536)
The First National Bank of Donnybrook, N. Dak. (12258)
The National Bank of Olney, in Philadelphia, Pa. (12931), succeeded by National Bank of Olney at Philadelphia
The First National Bank of Revere, Mass. (13152), succeeded by First National Bank in Revere
The First National Bank of McKees Rocks, Pa. (5142), succeeded by The
First National Bank at McKees Rocks
The First National Bank of Conway, Wash. (11984), absorbed by the First
National Bank of Mount Vernon, Wash
The First National Bank of Fort Collins, Colo. (2622), succeeded by The First
National Bank in Fort Collins.« With 2 branches in Winston-Salem.
Date of
liquidation
June 12,1934
Capital
$75,000
June 20,1934
50,000
June 12,1934
100,000
June 21,1934
50,000
June 20,1934
25,000
June 16,1934
50,000
June 25,1934
800,000
June 18,1934
50,000
June 15,1934
25,000
June 20,1934
50,000
June 23,1934
400, 000
June 30,1934
30,000
June 15,1934
25,000
June 30,1934
50,000
June 27,1934
50,000
July
2,1934
25,000
June 29,1934
60,000
June 30,1934
do
July 2,1934
July 11,1934
July 15,1934
June 30,1934
July
50,000
200,000
3,1934
July 18,1934
July 16,1934
July 14,1934
July 17,1934
July 14,1934
July 23,1934
July 24,1934
100,000
100,000
25,000
30,000
50,000
50,000
50,000
150,000
100,000
25,000
60,000
50,000
100,000
25,000
25,000
d<
do
May 3,1934
June 28,1934
500,000
July 10,1934
June 30,1934
Aug. 1,1934
25,000
50,000
25,000
July 16,1934
300,000
Aug. 1,1934
100,000
Aug. 2,1934
200,000
July 27,1934
25,000
July 14,1934
200,000
184
BEPOM OF THE COMPTROLLER O# THE
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Names and location of bank
The National Bank of Girard, Pa. (7343), succeeded by The Girard National
Bank
_
The First National Bank of Torrance, Calif. (10396), succeeded by Torrance
National Bank
_
The First National Bank of Hemet, Calif. (10764), absorbed by The Citizens
National Trust and Savings Bank of Riverside, Calif
The First National Bank of Headland, Ala. (7424)
_
The Vancouver National Bank, Vancouver, Wash. (6013), succeeded by
Vancouver National Bank
_
__
The Tuckahoe National Bank, Tuckahoe, N. J. (8681), succeeded by The
First National Bank of Tuckahoe
First National Bank in Lubbock, Tex. (12682), succeeded by First National
Bank at Lubbock
_
The First National Bank of Condon, Oreg. (7059), succeeded by First National Bank in Condon
_
The National Bank of Commerce of Mankato, Minn. (6519), succeeded by
National Bank of Commerce in Mankato.
The First National Bank of Hampden, N. Dak. (7650), absorbed by The
First National Bank of Munich, N. Dak
_.
The Clifton Forge National Bank, Clifton Forge, Va. (9177), succeeded by
The Mountain National Bank of Clifton Forge
The Peoples National Bank of Zelienople, Pa. (7409), succeeded by The
Union National Bank of Zelienople.-The First National Bank of Zelienople, Pa. (6141), succeeded by The Union
National Bank of Zelienople
The First National Bank of Bangor, Pa. (2659), succeeded by First National
Bank in Bangor
.-.
.
The First National Bank of North Girard, Pa. (12363), succeeded by The
Girard National Bank
The Caledonia National Bank, Caledonia, 111. (10567), absorbed by The
Second National Bank of Belvidere, 111
Old-Merchants National Bank and Trust Company of Battle Creek, Mich. 5
(7589), succeeded by Security National Bank of Battle Creek.._
The Rochelle National Bank, Rochelle, 111. (1907), succeeded by The National Bank of Rochelle
The Galva First National Bank, Galva, 111. (2793), succeeded by First National Bank in Galva
The First National Bank of Fort Myers, Fla. (9035), succeeded by The First
National Bank in Fort Myers
The National Bank of Commerce of Astoria, Oreg. (13354), absorbed by The
First National Bank of Portland, Oreg
The First National Bank of Pasadena, Calif. (3499), absorbed by First Trust
& Savings Bank of Pasadena...
--.
—
The First National Bank of Trinidad, Colo. (2300), succeeded by The First
National Bank in Trinidad
The Peoples National Bank of Reynoldsville, Pa. (7620), succeeded by Peoples
National Bank in Reynoldsville
The American National Bank of Portland, Oreg. (12557), absorbed by The
First National Bank of Portland, Oreg
The First National Bank of Hancock, Mich. (2143), succeeded by The National Metals Bank of Hancock
The Galena National Bank, Galena, Kans. (4798)..
The First National Bank of Phillippi, W. Va. (6302), succeeded by First
National Bank in Phillippi
The First National Bank of Madison, 111. (8457), succeeded by The First
National Bank in Madison
The First National Bank of Laurium, Mich. (8598), succeeded by The National Metals Bank of Hancock, Mich
The Rigby National Bank, Rigby, Idaho (11600), absorbed by American
National Bank of Idaho Falls, Idaho
The First National Bank of Braddock, Pa. (2799), succeeded by First National
Bank of Braddock
The First National Bank of Dale, Wis. (8118), succeeded by Farmers & Merchants Bank, Dale
The Farmers National Bank of Cambridge, 111. (2572), succeeded by The
Peoples National Bank of Cambridge.
National Bank of Port Clinton, Ohio (6227), succeeded by Port Clinton National B a n k . . .
..
The Citizens National Bank of Oconto, Wis. (5521), succeeded by The First
National Bank of Oconto
The Farmers & Merchants National Bank of Venus, Tex. (7798)
The First National Bank of Corcoran, Calif. (9546), succeeded by First National Bank in Corcoran
.
The First National Bank of La Veta, Colo. (12531)
The First National Bank of Decatur, Nebr. (8988)
The First National Bank of Fairview, N. J. (12465), succeeded by The United
National Bank of Cliffside Park, N. J
* With one branch in Battle Creek.
Date of
liquidation
Capital
Aug. 1,1934
$125,000
Aug. 6,1934
50,000
July 19,1934
50,000
130,000
Aug. 10,1934
Aug. 7,1934
Aug. 3,1934
Aug. 9,1934
Aug. 4,1934
Aug. 14,1934
Aug. 15,1934
Aug. 11,1934
Aug. 17,1934
do
Aug. 13,1934
100,000
25,000
200,000
100,000
100,000
25,000
100,000
50,000
50,000
200,000
Aug. 1,1934
25,000
Aug. 14,1934
25,000
June 11,1934
1,300,000
Sept. 1,1934
50,000
Aug. 15,1934
60, 000
Aug. 11,1934
100,000
Aug. 9,1934
100,000
Sept. 1,1934
500,000
Sept. 4,1934
200,000
Sept. 7,1934
100,000
July 31,1934
400,000
Sept. 5,1934
Sept. 10,1934
100,000
50,000
Aug. 11,1934
50,000
Sept. 6,1934
50,000
Sept. 5,1934
100,000
June 1,1934
40,000
Aug. 29,1934
100,000
Sept. 10,1934
25,000
Sept. 12,1934
do
50,000
100,000
Sept. 5,1934
Sept. 15,1934
65,000
25,000
Sept. 14,1934
Aug. 29,1934
Sept. 11,1934
100,000
25,000
50,000
Sept. 25,1934
100,000
EEPOET OF THE COMPTROLLER OP THE CURRENCY
185
TABLE N O . 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.
31, 193 J+, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued
Names and location of bank
The First National Bank of Puente, Calif (9894), absorbed by Bank of
America National Trust and Savings Association, San Francisco, Calif
The Strausstown National Bank, Strausstown, Pa. (10452), succeeded by
Strausstown National Bank...
_._
_
The First National Bank of Choteau, Mont. (10937)
The First National Bank of Timblin, Pa. (11204), absorbed by Farmers &
Miners Trust Company, Punxsutawney, Pa
--_
The First National Bank of Calumet, Mich (3457), succeeded by The National Metals Bank of Hancock, Mich
The First National Bank of Olney, 111. (1641), succeeded by First National
Bank in Olney-First National Bank in Goldthwaite, Tex. (12589)
The Peoples National Bank of Newark, N. J. (12964), absorbed by West Side
Trust Company, Newark..
The First National Bank of Cucamonga, CaHf. (7152), absorbed by Bank of
America National Trust and Savings Association, San Francisco, Calif
The Merchants & Miners National Bank of Iron wood, Mich. (12387), succeeded by The National Metals Bank of Hancock, Mich.
The First National Bank of Wampum, Pa. (6664), succeeded by First National Bank in Wampum..
The First National Bank of Amboy, 111. (5223), succeeded by The First National Bank in Amboy
The First National Bank of Claxton, Ga. (10IS33), succeeded by The Claxton
National Bank
The Painesville National Bank and Trust Company, Painesville, Ohio
(13318), succeeded by First National Bank in Painesville
The Cherryville National Bank, Cherryville, N. C. (12896), succeeded by
Cherryville National Bank
Marlin-Citizens National Bank, Marlin, Tec. (5606), succeeded by Marlin
National Bank
The Garden City National Bank, Garden City, Kans. (7646), succeeded by
The Garden National Bank of Garden City
The Exchange National Bank of Osborne, Kans. (3472), absorbed by The
First State Bank of Osborne__
First National Bank of East Peoria, 111. (6724), succeeded by The First National Bank in East Peoria
The Lamar National Bank, Lamar, Colo. (&036), succeeded by Lamar National Bank
The Farmers National Bank of Hutchinson, Minn. (10147); succeeded by
The First National Bank of Hutchinson
The First National Bank of Oak Hill, W. Va. (14034), absorbed by The Merchants & Miners National Bank of Oak Hi]l__
—
The Van Wert National Bank, Van Wert, Ohio (2628), succeeded by Van
Wert National Bank
The First National Bank of Goltry, Okla. (31394), absorbed by First State
Bank of Carrier, Okla
The South Broadway National Bank of Denver, Colo. (12974), succeeded by
Union National Bank in Denver
The First National Bank of Eads, Colo. (8411!), succeeded by First National
BankinEads
The Keystone National Bank of Pittsburg, Pittsburgh, Pa. (7560), succeeded
by Keystone National Bank in Pittsburgh
_.
Calcasieu National Bank in Lake Charles, La.? (13573), succeeded by The
Calcasieu-Marine National Bank of Lake Charles
The National City Bank of Chelsea, Mass. (11270), succeeded by The Lincoln
National Bank of Chelsea.
The First National Bank of Milroy, Ind. (11782)
The Lincoln National Bank of Buffalo, N. Y. (13219), succeeded by The
Lincoln-East Side National Bank of Buffalo
The First National Bank of Lyndon, Kans. (7222)
First National Bank and Trust Company of Bloomington, 111. (13499), succeeded by The National Bank of Bloomington
Total (357 banks)
• Includes $25,000 preferred capital stock.
7
With 8 branches in Louisiana other than local.
8
Includes $75,000 preferred capital stock.
Date of
liquidation
Capital
Sept. 20,1934
$50,000
Oct. 1,1934
—.do
25,000
50,000
Sept. 18,1934
25,000
Sept. 29,1934
200, 000
Aug. 28,1934
1,1934
Oct.
75,000
25, 000
Sept. 18,1934
300, 000
2,1934
25,000
Sept. 28,1934
100,000
Oct.
Sept.
Oct.
1,1934
75,000
2,1934
100, 000
Sept. 17,1934
50, 000
9,1934
250,000
Oct.
Sept. 20,1934
100,000
July 26,1934
200,000
Apr.
Oct.
4,1934
50,000
15,1934
50,000
Sept. 10,1934
35, 000
Oct.
10,1934
50,000
Oct.
15,1934
50,000
Oct.
1,1934
6 50,000
Oct.
22,1934
100,000
Oct.
4,1934
25,000
2,1934
200,000
Oct.
Sept. 15,1934
25,000
24,1934
600,000
Sept. 17,1934
1, 200,000
Oct. 25,1934
Sept. 20,1934
100,000
50,000
26,1934
19,1934
200,000
25,000
Oct.
Oct.
Oct.
Aug. 14,1934
300, 000
' 45, 263, 000
TABLE NO. 6.—Capital stock, surplus, undivided profits, and total assets of banks consolidated under act of Nov. 7, 1918, as amended Feb. 25,
1927, and June 16, 1933, in the year ended Oct. 31, 193 4, CLS shown by their last reports prior to consolidation
Continuing banks
Closing banks
Charter
no.
Title and location
Capital Surplus
Undivided
profits
Total
assets
The
Bankers
Trust
Company, Hartford.
Conn _ _ $250,000 $250,000 $154, 660 $4,643,911
First Trust Company of
McMinnville.
Northern Trust Company of Duluth.
Lawndale State Bank,
Chicago.
The Minnesota Loan and
Trust Company, Minneapolis.
The American Trust
Company,
Jacksonville.
Tenn.
90,000
Minn_
200,000
40,000
111
500,000
100,000
Marquette Trust Company, Minneapolis.
Elgin
City
Banking
Company, Elgin.
The
McGill
National
9452
Bank, McGill.
5622 The City National Bank
of Berlin.
Security Savings and
Trust Company, Portland.
Crocker First Federal
Trust Company, San
Francisco.
10 State banks.__
2 national banks _
1
State
Minn_
Fla
2,383
1,000,000 11,500,000
200,000
24,187
1,888,852
210,613 15, 787, 521
73, 761
Minn_.
200,000
40,000
21, 057
300,000
100, 000
149, 681
Nev—_
25,000
25, 000
1,472
N. H . . .
100,000
100, 000
3,007
Ore__._
500,000
550,000
87, 297
322,859
Title and location
Capital
Surplus
Undivided
profits
Total
assets
Date of
reports
1933
1338 Hartford National Bank $4, 000,000 $4,000, 000 $456, 557 $49, 796,846 Oct. 25
and T r u s t Company,
Hartford.
180,000
180, 000
11,983 1,734,338 . . . d o
2221 T h e First National Bank
of McMinnville.
T
h
e
Northern
National
1,
000,000
200,000
86,963
9327
8,075,493 . . . d o
Bank of D u l u t h .
350,000
50,000
36,115 4,002,340 . . . d o
10247 T h e Lawndale National
Bank of Chicago.
2006 T h e N o r t h Western Na- 5,000,000 2, 000, 000 321,163 93,592, 111 Dec. 30
tional Bank of Minneapolis.
T h e Atlantic National 3,000,000
380,000
31,600 32,983,745 . . d o
Bank of Jacksonville.
971,969
200,000
50,000
14,022
1934
2, 244, 769 M a r . 5
2, 714,858
300,000
100,000
38,499
2,945,784 . . d o . —
25,000
25,000
853
11861 T h e M a r q u e t t e National
Bank of Minneapolis.
1365 T h e First National Bank
of Elgin.
619, 722 9310 T h e Ely National Bank,
Ely.
1, 001,332 14100 Berlin National Bank,
Berlin.
1,143,325 1553 The First National Bank
of Portland.
300,0001,567,258 46, 597,086
1741 Crocker First National
Bank of San Francisco.
100, 000
Date of
consolidation
1933
Dec. 9
Dec.
23
w
Dec.
27
Q
Dec.
30
1934
Jan.
2
Feb. 8
P
Mar. 29
May 9
..do
May 19
293,133 57,119,960
.do..
May 24
6,000, 000 2, 500,000 1,502, 680 77,772,440
.do..
May 31
2, 500,000 1,000,000
1 _3
Mar. 21
672,505 - d o
(0
a
o
g
W
Q
4, 740,000 2, 880,000 2, 290, 897 74, 714,485
125, 000 125,000
4,479 1, 621,054
New national bank did not report prior to consolidation.
351, 796
111
Calif— 1, 500,000
292,308
Charter
no.
12 national banks
22, 655,000 10, 485,000
793,568 330,940,331
REPORT OF THE COMPTROLLER OF THE CURRENCY
187
TABLE NO. 7.—National banks consolidated under act of Nov. 7, 1918, as amended
June 16, 1933, capital, surplus, undivided profits, and total assets, year ended
Oct. 31, 1934
Consoli- Chardater
tion no.
no.
Title and location of bank
State
Date of
consolidation
Capital
Surplus
Undivided
profits
Total
assets
520 9310 The Ely National Bank, Ely
N e v — . May 9 i$100,000 $10,000 $3,603 $1,298,437
521 14100 Berlin City National Bank, Berlin- N . H . . . May 19 250,000 50,000
1,417,268
Total (2 banks)
i 350,000 60,000 3,603 2,715,705
i Includes $50,000 preferred capital stock.
TABLE NO. 8.—State banks and national banks consolidated under act of Feb. 25, 1927, as amended June 16, 1983, their consolidated capital,
surplus, undivided profits, and total assets, year ended Oct. 31, 193'4Consolidation
no.
Title and location of State bank
Charter
no. of
national
The Bankers Trust Company, Hartford-
1338
513
First Trust Company of McMinnville-.
2221
514
Northern Trust Company of Duluth
Lawndale State Bank, Chicago._
512
515
516
517
518
519
522
523
Title and location of national bank
State
Date of
consolidation
Hartford National Bank and Trust
Company.
The First National Bank of McMin
ville.
The Northern National Bank of Duluth.
The Lawndale National Bank of Chicago.
Northwestern National Bank and Trust
Company of Minneapolis.
The Atlantic National Bank of Jacksonville.
The Marquette National Bank of Minneapolis.
The First National Bank of Elgin.
The First National Bank of Portland
Conn__
1933
Dec. 9
Tenn..
Dec. 23
180,000
100,000
33,405
1,787,559
Minn__
III
1,000,000
1600,000
200,000
100,000
223,628
112,290
8, 254,978
Minn._
Dec. 27
Dec. 30
1934
Jan. 2
5,000,000
2,000,000
Fla-.._
Feb.
8
3,000,000
390,000
193,443
35,564,937
Minn._
bank
The Minnesota Loan and Trust Company, Minneapolis.
The American Trust Company, Jacksonville.
Marquette Trust Company, Minneapolis.
Elgin City Banking Company, Elgin
Security Savings and Trust Company,
Portland.
Crocker First Federal Trust Company,
San Francisco.
Total (10 State banks with 10 national banks).
9327
10247
2006
6888
11861
1365
1553
1741
Crocker First National Bank of San
Francisco.
Capital
Surplus
Undivided
profits
Total
Assets
$4,000,000 $3,000,000 $1,260,957 $49,785,065
/ 2100,000
6,046,161 \ 3 350,000
Mar. 21
300,000
100,000
119,452
2, 948,490
300,000
2, 500,000
300,000
2,000,000
174,376
254,935
5,035, 256
61, 558, 513
Calif—
6,000,000
5,000,000
122,880,000 13,190,000
oo
I
w
a
o
321,163 104,859,475
111
Mar. 29
Oreg.._ M a y 24
M a y 31
Increase
in authorized
capital
OO
100,000
B
o
2, 239,925 124,019,977
/ 2100,000
4,933,574 399,860,411 11 450,000
§
H
i Includes $350,000 preferred capital stock.
Decrease in common capital stock.
Preferred capital stock.
3
3
W
Q
189
EEPOBT OF THE COMPTBOLLEB OP THE CTJBBENCY
TABLE N O . 9.—Number and capital of State banks converted into national banking
associations in each State and Territory from 1863 to Oct. 31, 1934
Number of
banks
Location
Maine..
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
_
_
Total New England
States
New York.._
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida...
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
_..
Total Southern States...
Capital
Number of
banks
Location
34
28
22
190
52
65
$4,605,000
2,595,000
2,029,990
72,691,200
16,717,550
18,932,770
391
117,571,510
241
50
126
6
36
125,331,291
6,820,450
37,109,095
585,010
10, 249, 372
)., 080,000
465
184,175,218
67
35
40
48
33
22
34
19
13
142
45
43
51
!>, 937,100
2, 508,900
i 4,311,000
4, 512,000
«, 837, 000
% 265,000
4, 560,000
, 560,000
:{, 625,000
II, 142, 500
a, 357, 500
6,006,900
8,090,000
592
64,712,900
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
Nevada
Arizona
Capital
25
27
48
26
36
116
44
51
82,310,000
3,020,000
3,620,000
7, 631,000
2,285,000
18,001,800
372
122, 265,800
84
51
105
83
37
9
35
7
192
2, 760,000
1,750,000
5, 335, 000
4,182, 000
1,485, 000
320, 000
2, 755,000
400, 000
7, 970, 000
603
26, 957, 000
73
30
113
26
1
5
6, 825,000
1,951, 000
45, 272,800
1,080,000
50,000
300,000
$3,490,000
1,908,000
Total Pacific States
248
55,478,800
Total United States
2,672
571,161, 228
i $300,000 of which is preferred capital stock.
TABLE N O . 10.—Conversions of State banks and primary organizations as national
banks from Mar. 14, 1900, to Oct. 31, 1934
Conversions of
State banks
Classification
Number
Capital less than $50,000
Capital $50,000 or over
Total
-.
Capital
Reorganizations
from State and
private banks
and national
banks
Number
Capital
Primary
organizations
Number
Capital
Total
Number
Capital
898 $23,933, 300 1,167 $30,909, 500 2,687 $69, 375,500 4,752 $124, 218, 300
855 268,1)07,800 1,302 212,023, 500 2,123 345,004, 600 4,280 825,035,900
1,753 291,941,100 2,469 242,933,000 4,810 414, 380,100 9,032 949, 254, 200
TABLE NO. 11.- -N umber of national banks increasing their capital, together with the amount of increase monthly for years ended Oct. 31, since
1929
1930
Months
November.
DecemberJanuary
February..
March
April
May
June
July
August
September .
October
Total
Number
1225
Capital
1932
1931
Number
Capital
$5,932, 500
23,615,000
4, 763, 400
4,850,000
1,870,000
1,671,000
46,122,464
3,305,000
3,562,500
1, 585,000
625,000
1, 512,500
$1,521,539
1,630,000
1,195,000
420,000
1,575,000
365,000
216,078
855,000
665,000
1,330,000
2,655,000
1,225,000
i 99,414, 364
2 13,652,617
Number
Capital
1933
Number
Common
capital
$14,600,504
24,665,000
285,500
822, 500
6,050,000
750,050
70,000
845,000
260,000
72, 500
925,010
3 64
3 49,346,064
1934
Number
$245,000
355,000
550,000
187,500
65,000
630,000
115,000
1,841,350
3,268,300
475,000
473,700
775,000
4
8,980,850
CO
O
166
Common
capital
Number
$680,000
7,576,900
5,394,000
20,011,200
6,582,000
4, 750,000
2,560,000
1,185,000
$482, 500
963,367
355,000
182,500
1,270,750
430,000
200,000
760,000
610,000
1,176,500
1,028,810
873,100
5
25
55
73
160
118
127
194
177
138
115
105
$540,000
62,222,500
87,515,000
9, 295,000
79,093,500
28,637, 500
8,392,500
41,955,900
17,553,750
15,695,000
10,406,750
12,012, 750
48, 739,100
«107 «8,332,527
1,292
373, 320,150
Preferred
capital
Number
Preferred
capital
O
H
Q
o
H
1
2
Of these cases, 68 were effected wholly or in part by stock dividends aggregating $6,085,130.
Of these cases, 12 were effected wholly or in part by stock dividends aggregating $752,617.
s Of these cases, 3 were effected wholly or in part by stock dividends aggregating $270,504.
< Of these cases, 3 were effected wholly or in part by stock dividends aggregating $260,000.
» Of these cases, 4 were effected wholly or in part by stock dividends aggregating $400,000 and 8 banks with an aggregate increase of $175,600 from net earnings incident to the
retirement of preferred capital.
w
o
a
tel
o
191
REPORT OF T H E COMPTROLLER OF THE CURRENCY
TABLE N O . 12.—Number and authorized capital of national banks chartered and
the number and capital stock of banks closed in each year ended Oct. 31, since
1913y with the yearly increase or decrease
Closed
Chartered
Year
No.
Consolidated
under act
Nov. 7, 1918
Capital No.
1914—. 195 $18,1,675,000
144 9,689,500
1915
122 6,630,000
1916
176 11,590,000
1917
1918— 164 13,400,000
1919— 245 21,780,000
1920— 361 31,077, 500
1921—. 169 20,005,000
1922___. 232 24,890,800
1923_... 190 30,522,500
1924._.. 135 21,375,000
1925.._. 251 26,040,000
1926— 160 29, 705,000
1927—.. 135 43, 570,000
1928— 113 26,160,000
1929— 141 38,195,000
1930— 108 12,240,000
78 9,690,000
1931—
68 87,145,000
1932—
1933— 176 74,761,500
1934— 476 61,174,100
Loss to
capital
i $3,220,000
11,650,000
i 850,000
i 3,275,000
i 2,575,000
i 1,255,000
i 1, 660,000
i 4,455,010
i 3,407,000
16.857,500
i 4, 780,075
i 1,355,000
i 2,882, 500
i 3,385, 500
i 2, 765,000
In voluntary
liquidation
No.
Net yearly
Net yearly
increase
decrease
(exclusive of
(exclusive of
existing banks existing banks
increasing
decreasing
their capital) their capital)
Insolvent
Capital
No. Capital
113 $26,487,000
82 13,795,000
135 14,828,000
107 14,367,500
68 16,165,000
83 16,380,000
84 14, 730,000
93 37,075,000
103 18,910,000
121 39,290,000
155 40,745,000
123 14,467,500
153 28, 668,300
165 37,495,000
156 27,381,000
221 98,267,500
263 39,230,400
308 59, 595,000
236 97,340,300
155 26,805,000
357 45, 263,000
21 $1., 810,000
14 1,830,000
13 805,000
7 1, 230,000
2 250,000
1
25,000
5 205,000
34 1,870,000
31 2,015,000
53 3,405,000
138 9,635,000
98 6,420,000
91 5,412,500
135 8, 257,000
61 4,135,000
79 6,575,000
104 8,355,000
No.
Capital
61
62
94
135 $2,155,000
257 14,492, 500
18
77
690,800
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
15 3,492, 500
8,820,810
4,439,000
125 11, 743, 500
201 70, 707, 575
288 35, 260,400
599 96,809,500
515 55,406,385
305 27,656,000
210 30,208,900
\ 862,000
380 50,1,505, 585
348 76,i, 107,500
395 356,585,000
1 Amount of capital stock reductions incident to consolidations.
2 Includes $19,772,300 preferred capital authorized for 306 banks.
Includes 10 banks with an aggregate capital of $845,000 restored to solvency. There were also 19 banks
restored with an aggregate capital of $3,200,000 for which receivers had been appointed prior to Nov. 1,
1933. Also includes 39 banks with an aggregate capital of $6,420,000 which had been placed in voluntary
liquidation by their shareholders prior to Nov. 1, 1933.
* There was a decrease of 210 banks, considering the 29 banks restored to solvency and the 39 banks which
were in voluntary liquidation.
3
TABLE N O . 13.—Total number of national banks organized, consolidated under act
of Nov. 7, 1918, as amended June 16, 1933, insolvent, in voluntary liquidation^
and in existence on Oct. 31, 1934
Location
Organized
Consolidated
liqui- In existunder act Insolvent In
dation
ence
Nov. 7,
1918
Maine
New HampshireVermont
Massachusetts
Rhode Island
Connecticut
Total New England States.
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia..
Total Eastern StatesVirginia. __
West Virginia...
North Carolina..
South Carolina.
Georgia
Florida
Alabama
126
79
85
370
67
120
4
2
1
17
2
4
847
990
412
13
5
16
27
2
6
68
20
23
187
51
56
41
52
45
139
12
54
30
69
405
343
47
15
40
352
97
304
13
58
10
466
244
726
16
64
10
30
140
31
1
4
125
56
200
1
17
7
2,873
107
406
834
1,526
246
187
147
117
181
131
170
17
9
4
6
8
1
26
37
44
43
40
42
46
67
60
54
49
73
38
50
136
81
45
19
60
50
72
1,270
2
192
EEPOET OF THE COMPTKOLLEB OF THE CURRENCY
TABLE NO. 13.—Total number of national banks organized, consolidated under ad
of Nov. 7, 1918, as amended June 16, 1933, insolvent, in voluntary liquidation,
and in existence on Oct. 31, 1934—Continued
Consolidated
Organ- under act Insolvent In liqui- In existNov. 7,
ence
ized
dation
1918
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
_.
. _
_
__.
Total Southern States..
Ohio
Indiana
Illinois
Michigan
Wisconsin _
Minnesota
Iowa
Missouri
__
Washington
Oregon
California
Idaho
Utah
.
Nevada
Arizona
Total Pacific States
4
3
31
1
9
6
16
14
138
38
34
37
31
52
506
47
101
89
25
31
472
55
100
73
3,092
101
555
1,217
1,219
22
11
14
4
9
6
4
9
111
97
221
75
53
116
205
57
296
193
267
142
99
148
206
133
257
129
299
89
106
213
125
90
3,806
79
935
1,484
1,308
259
219
398
444
192
58
216
82
733
3
1
1
4
3
12
100
92
82
76
76
12
55
25
84
85
59
173
167
67
20
76
33
415
71
67
142
•197
46
26
82
24
222
2,601
27
602
1,095
877
220
146
506
109
38
16
30
17
2
12
51
30
64
35
5
4
6
85
59
295
49
15
5
16
67
55
135
25
15
1,065
35
195
524
311
4
1
686
430
801
310.
267
483
540
289
.- ... .
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
..
Montana
Wyoming _.
Colorado
New Mexico __
Oklahoma
Total Western States
76
100
1,147
141
244
205
_
__ __ . _ -
..
..
_.
Alaska
The Territory of Hawaii
Puerto Rico..
Total Alaska and insular possessions
Total United States, Alaska, and insular possessions
3
3
1
00 OS
Location
5
6
1
1
1
4
1
12
1
6
5
14,296
380
5,565
5,589
2,762
TABLE NO. 14.—Changes of corporate title of national banks, year ended Oct. 31,
1934
Charter
no.
Title and location
Bishop First National Bank of Honolulu, Honolulu, Hawaii, to "Bishop National Bank
of Hawaii at Honolulu"
First National Bank & Trust Company in Minot, N. Dak., to "First National Bank in
Minot"--2049 The East Tennessee National Bank of Knoxville, Tenn., to "Park National Bank of
Knoxville"—~.
1683 First National Bank & Trust Company of Mankato, Minn., to " First National Bank of
Mankato"
13455 The Union National Bank and Trust Company in Minot, N. Dak., to "The Union
National Bank in Minot"
_
__.
13422 Freeborn County National Bank & Trust Company of Albert Lea, Minn., to "Freeborn
County National Bank of Albert Lea"
13344 The National Bank and Trust Company of Jamestown, N. Dak., to " The National
Bank of Jamestown"
_
5550
6429
Date
1933
Nov. 3
Dec. 5
Dec. 21
1934
Jan. 23
Jan. 29
Feb. 1
Feb. 13
193
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 14.—Changes of corporate title of national banks, year enddd Oct. 81,
1934—Continued
Charter
no.
2597
13921
13346
13162
13958
13331
10387
11759
11017
13385
10145
13242
2360
8290
12488
Title and location
Date
First National Bank of Ogden, Utah, to "First Security Bank of Utah, National Association"
-_
_
_
The Manitowoc National Bank, Manitowoc, Wis., to "Manitowoc National Bank"...
The First National Bank and Trust Company of Vermillion, Vermillion, S. Dak., to
" First National Bank in Vermillion"
_
Conqueror First National Bank of Joplin, Mo., to "First National Bank of Joplin"
The Union National Bank of Little Rock, Ark., to "Union National Bank of Little Rock".
The First National Trust and Savings Bank of Spokane, Wash., to " First National Bank
in Spokane"
The First National Bank of McFarland, Calif., to "First National Bank in Delano",
Delano, Calif.
.__.
Citizens National Bank and Trust Company of Ridgewood, N. J., to "Citizens First
National Bank and Trust Company of Ridgewood"
The First National Bank of Rapelje, Mont., to "Stillwater National Bank, Columbus"
Columbus, Mont
_
The American National Bank and Trust Company of Valley City, N. Dak., to "The
American National Bank of Valley City"
The First National Bank of Plainfield, Conn., to "The Plainfield National Bank of
Moosup", Moosup, Conn
___
The Forest Hills National Bank of New York, N. Y. (P. O. Forest Hills, New York
City, N. Y.), to "United National Bank of Long Island in New York"...
The Lebanon-Citizens National Bank & Trust Company, Lebanon, Ohio, to "The
Lebanon-Citizens National Bank"
_
__.
The First National Bank of Norcatur, Kans., to "Decatur County National Bank of
Oberlin," Oberlin, Kans
The First National Bank of Sherman, S. Dak., to "First National Bank in Garretson",
Garretson, S. Dak
_
__
Feb. 24
Feb. 27
Feb. 28
Mar. 1
Mar. .24
Apr. 3
June 22
June 23
June 25
July 23
Aug. 24
Sept. 17
Oct.
1
Oct. 20
Oct. 27
TABLE N O . 15.—Changes of corporate title incident to consolidations of national
banks and of State banks with national banks, year ended Oct. 81, 1934
The Minnesota Loan and Trust Company, Minneapolis, Minn., and the North Western National Bank
of Minneapolis (2006), consolidated under the charter of the latter with title "Northwestern National
Bank and Trust Company of Minneapolis."
The City National Bank of Berlin, N. H. (5622), and Berlin National Bank, Berlin (14100), consolidated
under the charter of the latter with title " Berlin City National Bank."
TABLE N O . 16.—National banks chartered during the year ended Oct. 31, 1934
Capital
Charter
no.
Title
Common
Preferred
ALABAMA
14160
First National Bank in Tuscumbia
$25,000
$25,000
200,000
300,000
300,000
50,000
50, 000
25, 000
25,000
25,000
50,000
50,000
25, 000
25,000
25,000
975, 000
175,000
25,000
500, 000
50,000
20,000
25, 000
500,000
50,000
30,000
595, 000
605,000
ARKANSAS
13949
13958
14000
14056
14096
14097
14209
14238
The Peoples National Bank of Little Rock
The Union National Bank of Little Rock i
The Commercial National Bank of Little Rock
National Bank of Commerce of Pine Bluff.
The Citizens National Bank of Camden
First National Bank at Marianna__
The First National Bank at Paris._.
The Malvern National Bank
_ ..
Total (8 banks)
_.
CALIFORNIA
13877
14045
14202
14230
Oilfields National Bank in Brea . . .
First National Bank in Santa Ana.
Torrance National Bank
First National Bank in Corcoran
.
Total (4 banks)
i Title changed to "Union National Bank of Little Rock,"
_
194
EEPOET OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 16.—National banks chartered during the year ended Oct. 3131934—Con.
Capital
Charter
no.
Title
Common
Preferred
COLORADO
13902
13928
14021
14146
14148
142i3
14222
14248
14254
First National Bank in Grand Junction.
The Greeley National Bank
First National Bank in Boulder
The First National Bank in Fort Collins
Trinidad National Bank
First National Bank in Eads
The First National Bank in Trinidad-._
Union National Bank in Denver
Lamar National Bank
Total (9 banks)
13828 Mercantile National Bank of Miami Beach
13961 First National Bank in Tarpon Springs...
13968 First National Bank in Milton
14003 The First National Bank at Orlando
14195 The First National Bank in Fort Myers
.
Total (5 banks).
$50,000
75,000
100,000
50,000
50,000
25,000
100,000
50,000
25,000
$50,000
75,000
525,000
525,000
100,000
25,000
25,000
100,000
50,000
25,000
25,000
100,000
50,000
300,000
200,000
25,000
150,000
25,000
50,000
20,000
25,000
50,000
25,000
345,000
205,000
50,000
50,000
25,000
200,000
50,000
25,000
GEORGIA
13897
14046
14061
14193
14243
14255
14257
Jackson National Bank
The National Bank of Monroe
First National Bank in Elberton
First National Bank in Way cross
The Claxton National Bank
_.
The Citizens National Bank of Quitman.
First National Bank in Cordele
Total (7 banks) _
25,000
50,000
30,000
25,000
50,000
ILLINOIS
13838
13856
13864
13865
13872
13886
13892
13903
13941
13963
13966
13975
13993
14008
14010
14024
14035
14074
14110
14115
14118
14127
14134
14137
14140
14159
14161
14173
14178
14217
14221
14235
14237
14244
14245
14246
14247
14260
14265
14268
14285
The National Bank of Canton
..^
.,,
City National BankinDixon
The First National Bank of Mount Vernon
National Bank of Monticello
The National Bank & Trust Company of Sycamore
The National Bank of Savanna
Cumberland County National Bank in Neoga
First National Bank in Peru
The La Grange National Bank
The National Bank of Sterling
The Farmers & Merchants National Bank of Carlinville
First National Bank in Pinckneyville
The First National Bank in Altamont
First National Bank in De Kalb
The First National Bank in East Peoria
J_-_.I__
The Charleston National Bank
The Granville National Bank
First National Bank in Newton
The District National Bank of Chicago
The Naperville National Bank
First National Bank in Lincoln
First National Bank at East St. Louis
i
_'
First National Bank of Carthage
:___-_!
First National Bank of Woodstock
I1:
:._.._.The Neat, Condit and Grout National Bank of Winchester..
First National Bank in Galva
Aurora National Bank
First National Bank in Golconda
The National Bank of Bloomington
First National Bank in Olney
The National Bank of Rochelle
_
.__
The First National Bank in Madison
The Peoples National Bank of Cambridge
_
...
The First National Bank in Amboy
The Milwaukee Avenue National Bank of Chicago
Liberty National Bank of Chicago
Mount Carroll National Bank
The Pontiac National Bank
First National Bank in Shawneetown
_
_.
The First National Bank in Carlyle
__
The Mount Olive National Bank
•____..___
Total (41ibanks)
_
;._.
.
_._
100,000
100,000
100,000
50,000
100,000
50,000
50,000
75,000
50,000
50,000
50,000
25,000
50,000
50,000
50,000
100, 000
25,000
25,000
100,000
50,000
100,000
200,00
25,000
25,000
55,000
25,000
160,000
25,000
75,000
50,000
25, 000
25,000
25, 000
25,000
150,000
300,000
25,000
50,000
20,000
25,000
25,000
2,685,000
25,000
50,000
50,000
25,000
~75,~666
25,000
25,000
100,000
25,000
25,000
25,000
25,000
75,000
25,000
25,000
25,000
25,000
50,000
25,000
50,000
30,000
35,000
25,000
865,000
KEPOKT OF THE COMPTBOLLElt OF THE CUBREKCY
195
TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con.
Capital
Charter
no.
13862
13888
13938
13977
13987
13988
14047
14075
14113
14175
14218
14226
14258
14288
14292
Title
Common
The First National Bank at Swayzee
The First National Bank in Wabash
The Merchants National Bank of Terre Haute
The Bright National Bank at Flora
_
The City National Bank of South Bend
Decatur County National Bank of Greensburg
The Union National Bank of New Albany
The Johnson County National Bank of Franklin
First National Bank of Goshen
La Fayette National Bank
Boonville National Bank
_._
The Knisely National Bank of Butler
Citizens' National Bank of Linton
Farmers & Merchants National Bank of Rensselaer_
The National Bank of Greenwood
Total (15 banks)..
13842
13849
13890
13939
13978
13991
14028
14036
14040
14041
14057
14065
14066
14069
14085
14129
14143
14158
14172
14253
14286
First National Bank of Hampton...
.The National Bank of Washington
The National Bank of Rockwell City
First National Bank in Hawarden
The First National Bank of West Union
First National Bank in Fairfield.—
First National Bank in Council Bluffs
Hancock County National Bank of Garner
First National Bank in Lenox
The Nodaway Valley National Bank of Villisca
.The City National Bank of Shenandoah
Nevada National Bank
The Grundy National Bank of Gruady Center
The Citizens National Bank at Belle Plaine
The First National Bank in Clear Lake.—
—The Farmers and Merchants National Bank of Winterset.
The First National Bank in What Cheer..
First National Bank in Bellevue
The First National Bank in Traer
.First National Bank in Le Mars
Hardin County National Bank in Eldora
Total (21 banks) .
Preferred
$25,000
55,000
200,000
25,000
250,000
25,000
200,000
25,000
50,000
100,000
30,000
25,000
50,000
25,000
25,000
$25,000
45,000
500,000
25,000
1,110,000
950,000
50,000
50,000
25,000
25,000
25, 000
50,000
50, 000
25,000
40,000
30,000
60,000
25,000
25,000
25,000
25,000
35,000
25,000
25,000
50,000
40,000
35,000
25,000
25,000
25,000
50,000
50,000
25,000
10,000
20,000
40,000
25,000
25,000
25,000
25,000
15,000
25,000
25,000
25,000
50,000
740,000
510,000
100,000
25,000
50,000
50,000
100,000
25,000
225, 000
125,000
25,000
25,000
50,000
150,000
30,000
25,000
25,000
25,000
KANSAS
13924
13990
14048
14163
The Citizens National Bank in Independence.
The Garden National Bank of Garden City..The Chandler National Bank of Lyons
First National Bank in Goodland
Total (4 banks) .
KENTUCKY
13906
13983
14026
14039
14076
14138
14259
The Union National Bank of Barbourville.
Ohio Valley National Bank of Henderson
The First National Bank in Owenton
First National Bank in Stanford
The National Bank and Trust Company of Paris..
The National Deposit Bank in Owonsboro
First National Bank in Clinton....
Total (7 banks)..
50,000
100,000
50,000
25,000
50,000
100,000
20,000
100,000
25,000
50,000
50,000
30,000
395,000
255,000
50,000
50,000
25,000
25,000
25,000
200,000
25,000
50,000
25,000
25,000
25,000
300,000
25,000
400,000
450,000
LOUISIANA
13839
13851
14086
14168
14225
14228
14281
The St. Charles National Bank of Norco__
The Citizens National Bank of Morgan City
The Citizens National Bank in Hammond-__
First National Bank in De Bidder
The First National Bank of Delhi
The Calcasieu-Marine National Bank of Lake Charles.
The First National Bank in Donaldsonville
Total (7 banks) .
196
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 16.—National banks chartered during the year ended Oct.
81,1934—Con.
Capital
Charter
no.
Title
Common
Preferred
MAINS
13827 Farmers National Bank in Houlton»
13843 The First National Bank of Fort Fairfleld..
14224 The First National Bank in Fort Kent
Total (3 banks).,
$50,000
50,000
50,000
$50,000
150,000
50,000
MARYLAND
13840
13853
13867
13979
14044
14106
The Cecil National Bank at Port Deposit..
The Peoples National Bank of Hancock
The First National Bank in Parkton
Frostburg National Bank
The Peoples National Bank in BrunswickCitizens National Bank in Pocomoke CityTotal (6 banks)..
50,000
50,000
50,000
75,000
50,000
50,000
325,000
MASSACHUSETTS
13835
13933
14033
14087
14152
14266
Millbury National Bank
First National Bank in Pepperell
Tanners National Bank in Woburn
The Lincoln National Bank of Chelsea
First National Bank in Revere.._
The Northern National Bank of Haverhill...
Total (6 banks).
50,000
50,000
100,000
100,000
50,000
100,000
50,000
450,000
100,000
80,000
25,000
75,000
25,000
50,000
360,000
100,000
25,000
100,000
300,000
50,000
50,000
50,000
25,000
250,000
50,000
62,500
20,000
50,000
25,000
400,000
50,000
350,000
25,000
20,000
40,000
25,000
75,000
25,000
50,000
MICHIGAN
13821
13824
13833
13841
13857
13858
13874
13929
13931
13976
13995
14009
14016
14022
14032
14062
14102
14111
14116
14144
14185
14187
14249
14269
14280
The National Bank of Adrian
The First National Bank at Hubbell
Farmers and Merchants National Bank in Benton Harbor.
The Rochester National Bank
National Bank of Hastings
The Central National Bank at Battle Creek
The National Bank of Wyandotte
The First National Bank in Ontonagon
The Miners' First National Bank of Ishpeming
National Bank of Flint
The National Bank of Eaton Rapids
First National Bank in Marshall
_
The National Bank of Ludington
The Utica National Bank
Lansing National Bank
The Hillsdale County National Bank of Hillsdale
The Iron River National Bank
First National Bank in Gladstone
Coldwater National Bank
First National Bank in Howell
Security National Bank of Battle Creek
The Ionia County National Bank of Ionia
The National Metals Bank of Hancock
First National Bank of Crystal Falls
The First National Bank at Manistique
...
Total (25 banks).
2, 617, 500
550,000
50,000
25,000
500,000
50,000
50,000
25,000
350,000
30,000
50,000
25,000
600,000
50,000
350,000
25,000
30,000
2,925,000
MINNESOTA
13972
13973
14042
14068
14167
14216
14220
14296
The Lake Crystal National Bank
First National Bank in St. Charles
First National Bank in Winthrop
The Security National Bank of Amboy.._.
First National Bank in West Concord
The First National Bank of Hutchinson...
National Bank of Commerce in Mankato..
The First National Bank at St. James
Total (8 banks)..
25,000
25,000
20,000
20,000
20,000
20,000
50,000
50,000
25,000
25,000
30,000
30,000
30,000
30,000
50,000
230,000
220,000
20,000
30,000
MISSISSIPPI
14176
a
First National Bank in Waynesboro
Placed in voluntary liquidation Feb. 20,1934.
KEPORT OF THE COMPTROLLER OF THE CURRENCY
197
TABLE NO. 16.—National banks chartered during the year ended Oct. 81,1984—Con.
Capital
Charter
no.
Title
Common
Preferred
MISSOURI
13875
13936
14092
14119
14128
14196
The National Commercial Bank of Liberty
The City National Bank and Trust Company of Kansas City.
The National Bank of Caruthersville
The First National Bank of Butler
South Side National Bank in St. Louis...
First National Bank in Lamar
Total (6 banks)..
$100,000
300,000
50,000
25,000
400,000
25,000
$25,000
300,000
25,000
900,000
350,000
25,000
25,000
50,000
100,000
30,000
50,000
20,000
50,000
50,000
25,000
20, 000
20,000
50,000
100,000
20,000
50,000
30,000
415,000
335,000
MONTANA
13837 The Farmers National Bank in Chinook.
NEBRASKA
13953
14004
14017
14018
14073
14083
14174
14194
14256
14282
City National Bank of Hastings
Packers National Bank in Omaha,._
The First National Bank in Aurora
The Overland National Bank of Grand IslandFirst National Bank in Exeter
Security National Bank of Superior.
The Citizens National Bank of Ashland
The City National Bank in David City
First National Bank in Scribner
The Wymore National Bank
Total (10 banks).
25,000
30,000
30,000
NEW HAMPSHIRE
13829
13861
14100
Claremont National Bank
The New Public National Bank of Rochester.
Berlin National Bank 3
Total (3 banks).
100,000
100,000
100,000
300,000
NEW JERSEY
13834
13848
13855
13893
13898
13910
13916
13946
13969
14006
14014
14084
14088
14145
14151
14153
14162
14177
14189
14240
14287
The Orange First National Bank
The Belmar National Bank
._
The Branchville National Bank
The Edgewater National Bank
First National Bank of Spring Lake
First National Bank in New Egypt
Metuchen National Bank
First National Bank in Garfield
The Citizens National Bank of Collingswood...
National Bank of Clementon
Liberty National Bank in Guttenberg
Peoples National Bank in Lakewood
The National Bank of Palisades Park___
The National Bank of Ocean City
Peoples National Bank of Secaucus
First National Bank in Carteret
The United National Bank of Cliffside Park....
The Sea Bright National Bank
The First National Bank of Tuckahoe
First National Bank in Newfield
First National Bank in Fort Lee
The Mainland National Bank of Pleasantville..
Total (22 banks) .
300,000
100, 000
50,000
50,000
100,000
50,000
100,000
200, 000
100,000
50,000
100,000
50,000
50,000
50,000
100,000
80,000
150,000
25,000
25,000
25,000
100,000
50,000
50,000
50,000
20,000
25,000
25,000
25,000
50,000
1,905,000
245,000
50,000
50,000
NEW MEXICO
14081
The First-American National Bank in Tucumcari.
« Title changed to Berlin City National Bank.
106093—35
14
198
REPORT* OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con.
Capital
Charter
no.
Title
Common
Preferred
NEW YORK
13822
13825
13876
13882
13889
13895
13909
13911
13913
13945
13952
13955
13956
13959
13960
13962
13965
14019
14025
14078
14267
The National Ulster County Bank of Kingston...
The National Bank of Florida
_..
National Spraker Bank in Canajoharie
First National Bank in Yonkers
The Crestwood National Bank in Tuckahoe
The National Bank of Tuxedo
The Andover National Bank
First National Bank in Gouverneur
Central National Bank of Washingtonville
Philmont National Bank
The Lincoln-East Side National Bank of Buffalo.
First National Bank of New Rochelle
The National Bank of Middletown
The Fidelity National Bank in New York..
The National Bank of Pine Bush
The National Bank of Windham
_
___
Brockport National Bank...
___
___
The National Bank of Kings Park
.._
_
The National Bank of Oxford
Cherry Creek National Bank
The National Bank of Phelps
Total (21 banks).
$250,000
50,000
75,000
300,000
50,000
50,000
100,000
100,000
50,000
50,000
110,000
300,000
250,000
100,000
50,000
50,000
50,000
50,000
75,000
25,000
25,000
$50,000
90,000
"Ioo,"o6o
50,000
25,000
25,000
2,160,000
340,000
50,000
50,000
100,000
100,000
25,000
100,000
50,000
100,000
100,000
25,000
100,000
425,000
375,000
25,000
22,000
25,000
28,000
47,000
53,000
NORTH CAROLINA
13859 The Union National Bank of Oxford.
13896 The Oxford National Bank
13985 The Guilford National Bank of Greensboro..
14147 The First National Bank of Winston-Salem.
14229 Cherry ville National Bank
14291 National Bank of Commerce of Gastonia
Total (6 banks)..
NORTH DAKOTA
14080 First National Bank in Mott
14275 The First & Commercial National Bank of Williston.
Total (2 banks)..
OHIO
13832
13836
13844
13847
13850
13883
13899
13905
13912
13914
13920
13922
13923
13944
13971
13989
13996
13997
14011
14030
14050
14077
14105
14132
14141
14183
14188
14192
14203
14232
14261
14264
14290
14294
The National Bank of Portsmouth
The First National Bank of Kinsman
The First National Bank of Caldwell
The Citizens National Bank of Woodsfield
The First National Bank at East Palestine
The First National Bank at Carrollton
The First National Bank in Bryan
The Central National Bank at Cambridge
National Bank of Montpelier
First National Bank in Bellaire
The Mansfield Savings Trust National Bank
_.
First National Bank in St. Clairsville.
Coshocton National Bank
Greenville National Bank
The New First National Bank of Marietta
Port Clinton National Bank
Farmers and Merchants National Bank in Bellaire.
The National Bank of Fremont
First National Bank at Dillonvale
National Bank of Toledo
The Bridgeport National Bank
The Bradford National Bank.
Lagonda National Bank of Springfield
First National Bank in St. Marys
Brookyille National Bank
The Mingo National Bank of Mingo-Junction
The Arcanum National Bank
The Mt. Healthy National Bank
The National Bank of Oak Harbor
First National Bank in Painesville
The Goshen National Bank of Bethesda
The Citizens National Bank in West Milton
The National Bank of Lorain
First National Bank in New Bremen
Total (34banks)...
,
1
200,000
35,000
75,000
50,000
50,000
50,000
50,000
125,000
50,000
300,000
600,000
100,000
50,000
50,000
140,000
50,000
100,000
100,000
25,000
200,000
200,000
50,000
150,000
30,000
25,000
50,000
25,000
30,000
25,000
50,000
25,000
25,000
100,000
25,000
25,000
20,000
25,000
50,000
25,000
25,000
100,000
25,000
3,210,000
977,000
15,000
"l2,"000
75,000
50,000
50,000
25,000
200,000
200,000
30,000
25,000
KEPOKT OF THE COMPTROLLER OF THE CURRENCY
199
TABLE N O . 16.—National banks chartered during the year ended Oct. 31, 1934—Con.
Capital
Charter
no.
Title
Common
Preferred
OKLAHOMA
13891 The First National Bank at Ponca City.
13930 American National Bank of Shawnee
14005 The First National Bank in Durant
14020 First National Bank in Perry
14108 Walters National Bank
14131 First National Bank at Antlers
14278 First National Bank in Blackwell
Total (7 banks)..
14001
14054
14241
First National Bank in Clatskanie..
The North Bend National Bank
First National Bank in Condon
Total (3 banks).
$50,000
100,000
40, 000
50,000
20, 000
30, 000
50, 000
$50,000
100,000
60,000
340, 000
330, 000
25,000
25, 000
25, 000
25, 000
25, 000
25, 000
75, 000
75, 000
30, 000
40, 000
50, 000
PENNSYLVANIA
The First National Bank at Wilkinsburg
The First National Bank of Freeport
The Depositors National Bank of New Wilmington..
The Farmers National Bank of Mercer
Miners National Bank of Wilkes-Barre
The Crafton National Bank
Strausstown National Bank
First National Bank of Braddock
Blairsville National Bank
First National Bank in Finleyville
First National Bank at Albion
The Union National Bank of Waynesburg
Fredonia National Bank
First National Bank in New Freedom
The Peoples National Bank of Somerset
New Florence National Bank
The Peoples National Bank of Rural Valley
First National Bank in Birdsboro
The First National Bank in Fleet wood
The First National Bank of Dickson City
First National Bank in Tarentum
The Farmers National Bank of Conneautville
Scranton National Bank
Yardley National Bank
Peoples National Bank in Reynoldsville
The Union National Bank at McKeesport
First National Bank in Freeland
First National Bank at Conneaut Lake
The Herndon National Bank
The First National Bank in Frackville
First National Bank of Hegins
The County National Bank at Clearfield
Berwyn National Bank
Bethlehem National Bank
The Kingston National Bank
Springs-First National Bank in Cambridge Springs.
Tower City National Bank
Ambler National Bank
First National Bank in Clarion
Dover National Bank
First National Bank of Export
First National Bank in Greensburg
The Union National Bank of Rockwood
First National Bank at Koppel
Codorus National Bank in Jefferson
The National Bank of Olyphant
Citizens National Bank in Windber
The First National Bank at Stoystown
East Berlin National Bank
National Bank of Union City
First National Bank in Cecil
First National Bank in Indiana
The First National Bank at McKees Rocks
First National Bank in Wampum
First National Bank at Beaver Falls
National Bank of Olney at Philadelphia
Union National Bank in Mount Wolf
Clifton Heights National Bank
13823
13826
13845
13846
13852
13860
13863
13866
13868
13869
13871
13873
13884
13887
13900
13907
13908
13917
13927
13937
13940
13942
13947
13950
13957
13967
13970
13980
13982
13992
13994
13998
13999
14007
14023
14029
14031
14037
14043
14049
14051
14055
14067
14070
14071
14079
1408:
14089
14091
14093
14094
14098
14107
14112
14117
14120
14121
X4122
200,000
25, 000
50, 000
50, 000
2, 500, 000
100,000
50,000
150, 000
50, 000
50, 000
25, 000
200,000
25, 000
50, 000
50,000
25, 000
50, 000
80, 000
50, 000
100, 000
125, 000
25, 000
200, 000
50,000
50, 000
200,000
100, 000
25, 000
50, 000
125,000
50, 000
225, 000
60, 000
200, 000
600, 000
50,000
50, 000
100, 000
50, 000
50, 000
30, 000
200, 000
50, 000
25, 000
25, 000
100, 000
50, 000
50, 000
50, 000
75, 000
25, 000
150, 000
75,000
25, 000
100, 000
100,000
25,000
50, 000
25, 000
50,000
"25," 666
25, 000
50, 000
25, 000
25, 000
25, 000
300, 000
25,000
225, 000
"266," 666
25,000
50,000
30, 000
200, 000
25, 000
25, 000
50, 000
25, 000
25, 000
75, 000
75, 000
25, 000
100, 000
25,000
25, 000
200
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 16.—National banks chartered during the year ended Oct. 31,1934—Con.
Capital
Charter
no.
Title
Common
Preferred
PENNSYLVANIA—continued
14123
14133
14139
14155
14156
14169
14170
14171
14181
14182
14191
14197
14201
14205
14210
14214
14215
14219
14239
14250
14251
14262
14263
14271
14274
14276
14277
14284
14293
First National Bank in Charleroi..The Commercial National Bank of Latrobe
The National Bank of Narberth
_
The National Bank of Ford City,.
The Hooversville National Bank
First National Bank in Sykesville
First National Bank in Bangor
South Philadelphia National Bank of Philadelphia..
First National Bank at Gallitzin
_.
First National Bank of Williamsburg
The Girard National Bank
_
Northwestern National Bank in Philadelphia
The Delta National Bank
The First & Farmers National Bank of Forest City.
Keystone National Bank in Pittsburgh
The First National Bank of Green Lane
The Union National Bank of Zelienople
The National Bank and Trust Company of Erie
The Hartley National Bank of Bedford
The National Bank of Hamburg
_
The Bridgeville National Bank
The City National Bank of Pottsville
First National Bank at Patton
.._
National Bank of America in Pittsburgh
Oil City National Bank
Exchange National Bank in Marietta
Union National Bank of Reading
The First National Bank in Bedford
The Union National Bank of Shenandoah
._
Total (87 banks)..
$50,000
77,300
50,000
100,000
50,000
25,000
200,000
200,000
25,000
50,000
50, 000
250, 000
25,000
60.000
200,000
25,000
25,000
300,000
40,000
125, 000
25,000
100,000
35,000
125,000
300,000
25,000
, 000,000
75,000
100,000
$50,000
77,300
11,182,300
4,122, 300
2,500,000
100,000
100,000
2,600,000
100,000
25,000
300,000
25,000
25,000
250,000
25,000
40,000
200,000
25,000
40,000
60,000
25,000
100,000
50,000
125,000
200,000
25,000
500,000
75,000
100,000
RHODE ISLAND
13901
13981
Rhode Island Hospital National Bank of Providence.
The Columbus National Bank of Providence
Total (2 banks).
SOUTH CAROLINA
13918
14135
14211
First National Bank in Orangeburg
The Southern National Bank of Orangeburg
The Commercial National Bank of Spartanburg..
Total (3 banks)..
50,000
50,000
80,000
50,000
50,000
70,000
180,000
170,000
50,000
20,000
50,000
30,000
70,000
80,000
50,000
25,000
50,000
50,000
25,000
125,000
75,000
SOUTH DAKOTA
14099
14252
The Rapid City National Bank.
First National Bank in Pierre...
Total (2 banks).
TENNESSEE
13948
14231
14279
Union National Bank of Fayetteville
The First National Bank in Rockwood...
The Blount National Bank of Maryville..
Total (3 banks)..
TEXAS
13854
13919
13925
13926
13934
13935
13943
13951
13964
13974
13984
14012
14015
The Santa Anna National Bank
The First National Bank in Luling
San Jacinto National Bank of Houston..
The Capital National Bank in Austin.__
First-Lockhart National Bank
The West National Bank
The City National Bank of Houston
Cleburne National Bank
The First National Bank of Alto
.-.
First National Bank in Clarksville
The First National Bank in Big SpringFirst National Bank in George West
The City National Bank of Plainview—
50,000
75,000
300,000
100,000
100,000
50,000
300, 000
50,000
25,000
25,000
100,000
25,000
50,000
350,000
100,000
300,000
125,000
25,000
25,000
25,000
so, ooo;
REPORT OF THE COMPTROLLER OF THE CURRENCY
201
TABLE NO. 16.—National banks chartered during the year ended Oct. 31, 1934—Con.
Capital
Charter
no.
Title
Common
Preferred
TEXAS—continued
14027
14072
14090
14101
14104
14114
14124
14126
14149
14154
14157
14164
14165
14179
14199
14204
14206
14207
14208
14212
14227
14236
14270
14272
14273
14283
First National Bank in Breckenridge
The First National Bank in Falfurrias
The First National Bank in Canyon
The First National Bank of Goose Creek
First National Bank in Groveton
Marlin National Bank
_._
First National Bank in Edinburg
Citizens National Bank in Groesbeck
Haskell National Bank
Farmers National Bank of Newcastle
The Robstown National Bank.
Buchel National Bank in Cuero
American National Bank in McLean
The South Texas National Bank of San Antonio _.
First National Bank in Dalhart
The First National Bank of Angleton
Amarillo National Bank
First National Bank in Pampa
___
First National Bank at Lubbock
First National Bank at Farmersville
State National Bank in Comanche
Central National Bank of McKinney
Snyder National Bank
The Farmers National Bank of White Deer
Citizens National Bank at Brown wood
Bexar County National Bank of San Antonio
Total (39 banks).
13894
13915
13986
14234
The Windham National Bank of Bellows Falls.
Montpelier National Bank
The Enosburg Falls National Bank
The Poultney National Bank
Total (4 banks).
250, 000
75, 000
75, 000
25, 000
25, 000
50, 000
50,000
25,000
100,000
200,000
$75,000
25,000
25,000
50,000
50,000
100,000
30,000
25,000
25,000
25,000
25,000
50,000
25,000
150,000
25, 000
25,000
250,000
50,000
75, 000
25,000
25,000
50,000
50, 000
25,000
50,000
300, 000
2, 855, 000
2, 630,000
25,000
100,000
25, 000
25,000
25, 000
25,000
25,000
175,000
75,000
$60,000
25,000
25,000
25,000
50,000
100,000
20,000
25,000
25, 000
25, 000
25, 000
50, 000
25, 000
200, 000
25, 000
25,000
VIRGINIA
13878
13880
14052
14180
14190
14223
The First National Bank in Onancock
First National Bank in Honaker
The National Bank of Crewe
The Mountain National Bank of Clifton Forge
Farmers & Merchants National Bank in Onley
The Washington County National Bank of Abingdon.
Total (6 banks)..
WASHINGTON
14038 Auburn National Bank
14166 First National Bank in Tonasket
14186 Vancouver National Bank
Total (3 banks)-
60, 000
50, 000
50, 000
50,000
25, 000
50,000
50,000
25, 000
60, 000
275,000
125,000
25,000
30,000
50,000
25, 000
20,000
50,000
105,000
95, 000
25,000
100,000
50,000
100,000
150,000
100,000
25, 000
25,000
50,000
25,000
50,000
30,000
50,000
25, 000
25, 000
50, 000
20, 000
50,000
780,000
270,000
WEST VIRGINIA
13830
13831
13881
13885
13954
14002
14013
14034
14053
14136
14142
14198
14295
First National Bank in Ronceverte
The National Bank of Keyser
First National Bank in West Union
The Merchants & Miners National Bank of Oak Hill..
The National Bank of Logan
The Tygarts Valley National Bank of Elkins
The Webster Springs National Bank 4
The First National Bank of Oak Hill
First National Bank in Philippi
First National Bank at Salem
First National Bank at Moundsville
Citizens National Bank of Berkeley Springs
Wellsburg National Bank
Total (13 banks) .
* Placed in voluntary liquidation, Oct. 1, 1934.
50, 000
25, 000
25, 000
202
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 16.—National banks chartered during the year ended Oct. 31,1934—Con
Capital
Charter
no.
Title
Common
Preferred
WISCONSIN
13870
13879
13904
13921
13932
14058
14059
14060
14063
14064
14095
14109
14125
14130
14150
14184
14200
14233
14242
The Union National Bank of Ashland
National Exchange Bank of Fond du Lac
Farmers-Merchants National Bank in Princeton The Manitowoc National Bank«
The National Bank of Edgerton
First National Bank in Viroqua..
The First National Bank in Mayville
The First National Bank of Baraboo
First National Bank of Waupaca
The Wisconsin National Bank in Watertown
The Security National Bank of Durand
The Union National Bank of Superior..,
The Citizens National Bank of Marshfield
First National Bank in Marion
First National Bank in Tigerton
First National Bank at Darlington
The First National Bank at Neillsville
The First National Bank of Oconto
The Clintonville National Bank
$50,000
200,000
40,000
100,000
25,000
25,000
25,000
50, 000
50,000
75,000
20,000
80,000
75,000
50,000
50,000
50,000
25,000
25, 000
50,000
Total (19 banks) .
1,065, 000
$50,000
250,000
10,000
25,000
25,000
25,000
25,000
30,000
120,000
25,000
25,000
25,000
635,000
WYOMING
14103
The First National Bank of Riverton
25,000
Tctal United States (476 banks)
41, 401, 800
» Title changed to "Manitowoc National Bank."
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9y 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934
Percent
Char
ter
no.
3185
7148
11337
13097
9550
12993
1595
7985
1814
11635
1853
5572
3041
Title
1933
June 5
Dec. 22
1934
Jan. 4
The First National Bank of Collinsville.
Feb. 6
The Merchants National Bank of Mobile
Mar. 9
The Farmers National Bank of Opelika
The Alabama National Bank of Montgomery.. Mar. 10
Mar. 13
The First National Bank of Mobile
Mar. 20
The First National Bank of Opp—
Apr. 11
The First National Bank of Montgomery
...do....
The National Bank of Opelika
Apr. 26
The First National Bank of Tuskaloosa
The Morgan County National Bank of
M a y 11
Decatur
M a y 16
The First National Bank of Greenville
June 18
The First National Bank of Anniston__
The First National Bank of Birmingham.
The First National Bank of Linden
The Anniston National Bank, Anniston
10035 The Commercial National Bank of Demopolis..
11753 The Commercial National Bank of Anniston—
Footnotes at end of table p. 236.
4250
Date
.—do....
June 26
June 30
Preferred
increase
capital
Par
value Sold at
of
shares share
1 $5,000,000.00 $100.00 $100.00
2 3 2,500,000.00 100.00 100.00
40,000.00 100.00 100.00
25,000.00
500,000.00
100,000.00
200,000.00
500,000.00
50,000. 00
750,000.00
50,000. 00
i 200,000.00
3 125,000.00
50.00
25.00
50.00
10.00
200.00
25.00
5.00
80.00
50.00
50.00
50.00
25.00
50.00
10.00
200.00
25.00
5.00
80.00
50.00
50.00
100,000.00
125,000.00
149,000.00
3 1,000.00
95,900.00
3 4,100.00
25,000.00
75,000.00
40.00
25.00
40.00
25.00
• 50.00
50.00
50.00
50.00
100.00
50.00
50.00
100.00
of dividend
to be
paid
on the
par
value
>4
5
5
5
5
5
5
5
5
5
15
REPORT OF THE COMPTROLLER OF THE CURRENCY
203
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
ALABAMA—continued
7464
11451
13412
The First National Bank of Piedmont
The First National Bank in Fort Payne
The American National Bank of Gadsden
Date
1933
July 28
Aug. 2
Sept. 7
Total (20 banks)
Preferred
increase
capital
$25,000.00
25,000.00
75,000.00
Percent
of diviPar
dend
Sold
at
value
to be
per
of
paid
share
shares
on the
par
value
$30.00
100.00
62.50
$30.00
100.00
62.50
4
4
4
10,740,000.00
ALASKA
12578
Feb. 12
37,500.00
50.00
50.00
5
Mar. 20
The First National Bank of Douglas
The Consolidated National Bank of T u c s o n - July 16
Total (2 banks)
100,000.00
200,000.00
80.00
6.25
80.00
6.25
5
4
3 200,000.00
100.00
100.00
5
250,000.00
50,000. 00
20,000.00
25,000.00
20,000. 00
15,000.00
30,000.00
200, 000. 00
25,000.00
200, 000.00
25,000. 00
15,000.00
50,000. 00
25,000. 00
20,000.00
100.00
40.00
100.00
100.00
80.00
100.00
100.00
20.00
75.00
100.00
50.00
50.00
100.00
25.00
40.00
100.00
40.00
100.00
100.00
80.00
100.00
100.00
20.00
75.00
100.00
50.00
50.00
100.00
25.00
40.00
5
5
5
5
5
5
5
5
4
5
4
4
4
4
4
1933
("The Anglo California National Bank of San Jjune 29 / 2, 500,000.00 } 20.00
\3 2,500,000.00
Dec. 27
50,000.00 100.00
20.00
100.00
6
The First National Bank of Ketchikan.
ARIZONA
6633
4287
300,000.00
ARKANSAS
2832
1933
The Arkansas National Bank of Hot Springs. - Aug. 16
7138
12429
13632
10750
5929
13543
10406
13958
11580
2832
9501
11542
10579
8952
13534
1934
Jan. 5
The State National Bank of Texarkana
Feb. 24
National Bank of Commerce of El Dorado
Feb. 27
The First National Bank in Lake Village
Mar. 2
The American National Bank of Rogers
Apr. 21
The First National Bank of De Queen
May 7
The First National Bank in Green Forest
May 15
The First National Bank of Berryville
June 5
Union National Bank of Little Rock
June 8
The Farmers National Bank of Clarksville
The Arkansas National Bank of Hot Springs.. June 19
July 3
The First National Bank of Fordyce
do....
The Planters National Bank of Hughes
July 19
The Citizens National Bank of Hope
July 24
The First National Bank of Huntsville
Oct. 13
The First National Bank in Ashdown
Total (16 banks)
1,170,000.00
CALIFORNIA
9174 \ Francisco
12904 The Compton National Bank, Compton
9919
13200
12341
9897
10324
11251
9818
8181
13007
8652
9459
12579
10124
10894
9770
3050
12764
1934
Jan. 4
Jan. 17
Jan. 23
Jan. 24
Feb. 5
Feb. 19
Mar. 5
Mar. 21
-__.do.._.
Apr. 3
Apr. 5
Apr. 10
Apr. 11
Apr. 12
Apr. 17
The First National Bank of Hynes
The Commercial National Bank of Santa Ana..
First National Bank in Richmond
The First National Bank of Pleasanton
The First National Bank of Mountain View..
The First National Bank of Garden Grove
The First National Bank of L a t o n . . .
The First National Bank of Orange
Crescenta-Canada National Bank at Montrose.
The First National Bank of Glendora
The First National Bank of Banning
Pacific National Bank of San Francisco
The First National Bank of Parlier__
The First National Bank of Lamanda P a r k . . .
The First National Bank of Holtville
The First National Trust and Savings Bank
of San Diego
-Apr. 20
First National Trust and Savings Bank of
__..do..Fullerton
Footnotes at end of table.
5
25,000.00
100,000. 00
50,000.00
25,000.00
25, 000. 00
25,000.00
10,000.00
50,000.00
25, 000.00
25,000.00
20, 000.00
500,000.00
25,000.00
25,000.00
25,000.00
25.00
12.50
25.00
100.00
10.00
100.00
60.00
25.00
10.00
100.00
100.00
100.00
12.50
80.00
100.00
25.00
12.50
25.00
100.00
10.00
100.00
60.00
25.00
10.00
100.00
100.00
100.00
12.50
80.00
100.00
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
1,000,000.00
100.00
100.00
5
125,000. 00
100.00
100.00
5
204
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Char
ter
no.
Title
Date
Preferred
increase
capital
Percent
of diviPar Sold at dend
to be
value
per
paid
of
shares share on the
par
value
CALIFORNIA—continued
2491
9551
12976
7867
8065
11326
13178
10213
10200
11922
13217
12172
11873
2456
8222
12766
9892
10387
11161
2104
13092
7999
9621
12545
6268
11282
7997
13465
13054
12328
1934
Apr. 30 $12,000,000.00
May 1
50,000.00
May 3
25,000.00
May 8
50,000.00
...do....
40,000. 00
25,000.00
10,000.00
29,625. 00
M a y 14
The First National Bank of El Monte
3 375.00
20,000. 00
M a y 18
The First National Bank of Clovis
10,000.00
M a y 21
The First National Bank of Riverdale.
25,000.00
M a y 22
The First National Bank of Elsinore
50,000. 00
M a y 24
First National Bank in San Leandro
50,000.00
M a y 31
First National Bank in Paso Robles
200,000. 00
California First National Bank of Long Beach. June 6
County National Bank and Trust Company
of Santa Barbara
__
June 14
200,000. 00
The Covina National Bank, Covina
...do....
25,000.00
The Temple National Bank, Temple
June 15
3 12, 500.00
The First National Bank of Antioch
June 18
15,000. 00
The First National Bank of McFarland
June 22
25,000.00
The Sebastopol National Bank, SebastopoL... June 23
25,000.00
First National Trust and Savings Bank of
Santa Barbara
.
June 30
125,000.00
...do....
The Citizens National Bank of Ontario
25,000.00
The Whittier National Trust and Savings
150,000.00
Bank, Whittier
: ...do....
The Pajaro Valley National Bank of WatsonJuly 6
75,000.00
ville
_—
300,000.00
The Seaboard National Bank of Los Angeles.. July 12
62, 500.00
The First National Bank of Ontario
July 24
16,800. 00
The First National Bank of Cloverdale
July 30
3 3,200.00
25,000. 00
Aug. 4
The First National Bank of San Jacinto
15,000. 00
Aug. 21
First National Bank in Orosi
100,000. 00
The First Central National Bank of Calexico. Aug. 24
10,000.00
The First National Bank of Bellfiower
Sept. 1
Security-First National Bank of Los Angeles..
The Calistoga National Bank, Calistoga
The First National Bank of Fontana
The First National Bank of Corona
..
The First National Bank of Azusa
The First National Bank of Crockett
The First National Bank of Vista
_.
Total (50banks).
7435
1651
12517
8572
9278
3269
8296
11253
8636
4007
5381
9907
13098
11504
3661
7004
11197
9797
2637
The First National Bank of Meeker
The Colorado National Bank of Denver
The American National Bank of Denver
The Colorado Springs National Bank, Colorado Springs
The First National Bank of Holyoke
The Fremont County National Bank of
Canon City
The Denver National Bank, Denver
The First National Bank of Windsor
The First National Bank of Longmont...
The First National Bank of Johnstown
The First National Bank of Montrose
The First National Bank of Florence
The First National Bank of Englewood
The National City Bank of Denver
The First National Bank of Limon
The First National Bank of Glenwood Springs.
The First National Bank of Fort Morgan
The First National Bank of Stratton
The Burns National Bank of Durango
The First National Bank of Durango
Total (20 banks).
Footnotes at end of table.
$30.00
100.00
50.00
80.00
80.00
100.00
10.00
$30.00
100.00
50.00
80.00
80.00
100.00
10.00
' 62.50
62.50
40.00
80.00
50.00
100.00
100.00
20.00
40.00
80.00
50.00
100.00
100.00
20.00
100.00
50.00
62.50
30.00
100.00
100.00
100.00
50.00
62.50
30.00
100.00
100.00
100.00
75.00
100.00
75.00
50.00
50.00
100.00
20.00
50.00
100.00
20.00
50.00
20.00
20.00
50.00
60.00
40.00
100.00
50.00
60.00
40.00
100.00
20,925,000.00
1933
Sept. 18
Sept. 21
Dec. 29
25,000.00
1,500,000.00
300,000.00
100.00
100.00
50.00
100.00
100.00
50.00
1934
Jan.
4
Jan.
8
100,000.00
25,000.00
100.00
100.00
100.00
100.00
50,000.00
700,000.00
25,000.00
100,000.00
25,000.00
50,000. 00
50,000.00
25,000.00
50,000.00
12,500.00
75,000.00
50,000.00
10,000.00
50.00
50.00
75.00
50.00
50.00
100.00
100.00
100.00
50.00
100.00
50.00
100.00
80.00
100.00
100.00
50.00
50.00
75.00
50.00
50.00
100.00
100.00
100.00
50.00
100.00
50.00
100.00
80.00
100.00
100.00
Jan. 20
Jan. 31
do..
Feb. 2
Feb. 5
Feb. 20
Feb. 24
Mar. 5
Mar. 12
Mar. 13
Apr. 4
Apr. 25
Aug. 18
Sept. 6
Sept. 26
50,000.00
100,000.00
3,322,600.00
REPORT OF THE COMPTROLLER OF THE CURRENCY
205
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1938, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Percent
Charter
no.
Title
Preferred
increase
capital
Date
Par
value Sold at
per
of
shares share
CONNECTICUT
1933
943
8511
1340
1314
12594
13245
2599
1382
780
12973
1216
2
335
1360
12637
1037
10145
1132
1243
The Danbury National Bank, Danbury
Apr. 28
The Canaan National Bank, Canaan
Dec. 15
The Central National Bank of Middletown.-. Dec. 22
1934
The Clinton National Bank, Clinton
_. Feb.
The Citizens National Bank of Putnam
Mar.
Apr.
The Sharon National Bank, Sharon
Apr.
The First National Bank of Wallingford
May
The Meriden National Bank, Meriden
The Waterbury National Bank, Waterbury_.J June
The Byran National Bank of East Port
Chester.._
June
The Middletown National Bank, Middletown. June
f The First National Bank and Trust Company [June
\ of New Haven
,The First National Bank and Trust Company June
I of Bridgeport
The Windham County National Bank of
Danielson
July
The Plantsville National Bank, Plantsville..- July
fThe New London City National Bank, New Jjuly
\ London
The First National Bank of Plainfield
Aug.
City National Bank & Trust Company of
Danbury
Aug.
The New Haven Bank, National Banking
Association, New Haven
Oct.
Total (19 banks)
DELAWARE
The Fruit Growers National Bank and Trust
Company of Smyrna
8972 The First National Bank of Dagsboro
7211 The First National Bank of Delmar
1332 The Delaware City National Bank, Delaware
City
,
Total (4 banks)
...
2336
s $160,000.00 $100.00 $300.00
3 50,000.00 100.00 100.00
3 200,000.00 100.00 100.00
23
10
7
13
5
16 /I
50,000.00
50,000. 00
20,000.00
50,000.00
150,000.00
399, 776.00
•
3 224. 00
25,000. 00
21
/ i 150,000.00
25 \2 3 126,900.00
/ 1630,000.00
27 12 920,000.00
/
30 \
994, 520. 00
3 5,480.00
3 100,000. 00
9
25,000. 00
10
19 r i ioo, ooo. oo
24 I 2 3 25,000. 00
3 50,000. 00
30
150,000.00
13
3 200,000. 00
4,631,900.00
62.50
20.00
80.00
62.50
37.50
62.50
20.00
80.00
62.50
37.50
32.00
32.00
100.00
15.00
25.00
45.00
100.00
20.00
100. 00
15.00
25.00
45.00
125.00
20.00
25.00
25.00
50.00
50.00
25.00
60.00
60.00
50.00
50.00
25.00
50.00
50.00
1934
75,000. 00
Apr. 19
15,000. 00
June 29 /\ 2 i3 io,
000.00
July 3
25,000. 00
July 24
125.00 125.00
100.00 100.00
100.00 100.00
83.33 83.33
3 45,000. 00 100.00 100.00
170,000. 00
DISTRICT OF COLUMBIA
1934
JlOO.OO
5046 The Riggs National Bank of Washington, D. C. Feb. 1 f 3 950,000.00
550,000.00
60.00
150,000.00
2038 The Second National Bank of Washington
Sept. 5
Total (2 banks)
1,650,000. 00
FLORIDA
10245 The First National Bank of Bradenton
7404 The First National Bank of De Funiak
Springs
_
12871 The First National Bank of Kissimee
13383 The American National Bank in Winter
11420
11389
11038
12905
10578
Haven
The St. Augustine National Bank, St. Augustine
The First National Bank of Winter Garden...
The First National Bank of Leesburg
The First National Bank of Clearwater
The Munroe and Chambliss National Bank of
Ocala
Total (9 banks).
Footnotes at end of table.
1933
Sept. 30
100.00
60.00
150,000.00
100.00
100.00
Dec. 15
1934
Jan. 4
50,000. 00
100.00
100. 00
30,000. 00
100.00
100. 00
Feb. 10
100, 000. 00
200.00
200. 00
Feb. 17
July 28
Sept. 5
...do
3 100,000. 00
25,000.00
100,000.00
100,000.00
100.00
50.00
100.00
50.00
150.00
50.00
100.00
50.00
75,000. 00
37.50
37.50
Sept. 6
730,000.00
of dividend
to be
paid
on the
par
value
206
REPORT OP THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1988, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 81, 1934—Continued
Charter
no.
Preferred
increase
capital
Date
Title
Percent
of diviPar
Sold at dend
per
value
to be
share paid
of
shares
on the
par
value
GEORGIA
7616
The Gainesville National Bank, Gainesville-
4429
9617
13472
The First National Bank of Valdosta
The Fulton National Bank of Atlanta
The Liberty National Bank & Trust Company
of Savannah
The National Bank of Athens
. First National Bank of Lawrenceville
The National Bank of Fitzgerald
First National Bank of McDonough
The First National Bank of Milledgeville
The Calhoun National Bank, Calhoun
The First National Bank of Marietta
1639
11936
13550
7969
9672
7549
3830
1933
i $50,000.00
July 13 \f 23
25,000.00
1934
150,000.00
Feb. 24
500,000.00
Mar. 2
300,000.00
150,000.00
25,000. 00
50,000. 00
30,000.00
37,500.00
50,000.00
100,000.00
Mar. 16
May 7
June 9
Aug. 9
Aug. 28
Sept. 7
Sept. 26
Oct.
4
Total (11 banks)
$25.00
25.00
$25.00
25.00
15
26
50.00
100.00
50.00
100.00
5
5
5.00
30.00
100.00
10.00
100.00
50.00
83.33
50.00
5.00
30.00
100.00
10.00
100.00
50.00
83.33
50.00
5
5
4
4
4
4
4
4
1,467, 500.00
2972
1668
6982
8822
7230
9263
10727
9566
The First National Bank of Lewiston.
The First National Bank of Idaho, Boise
American National Bank of Idaho Falls
The First National Bank of Malad City
The
Commercial
National
:
—
IDAHO
Bank
of
1933
J u n e 27
100,000.00
100.00
100.00
6
1934
Jan.
3
Feb. 23
300,000. 00
100,000.00
100.00
100.00
100.00
100.00
5
5
20, ooo. oo jioo.oo
100.00
5
May 1 r
I
Anthony
The Bonner County National Bank of Sandpoint
T h e First National B a n k of Bonners F e r r y
T h e First National B a n k of Kellogg
3
May 24
5,000.00
15 000 00
May 29
June 5
July 31
35 000 00
20,000. 00
25,000.00
Saint
Total (8 banks)
40.00
40. 00
5
200 00
25.00
200.00
80.00
25. 00
5
4
4
100. 00
100. 00
100.00
100.00
100.00
100. 00
100.00
25.00
100.00
100. 00
100.00
• 33. 33
100.00
100.00
100. 00
100. 00
100.00
50. 00
100.00
100. 00
100.00
33. 33
g
6
4
6
6
4
6
6
4
5
6
10.00
10.00
5
5
8o!oo
620,000. 00
ILLINOIS
The Dixon National Bank, Dixon
The Merchants National Bank of Aurora
The First National Bank of Carlyle..
The Old Second National Bank of Aurora
The Citizens National Bank of Deoatur
The First National Bank of Wayne City
The First National Bank of Hinsdale
The First National Bank of Harrisburg
The First National Bank of Woodlawn
The Farmers National Bank of Grayville
The Grundy County National Bank, Morris-Illinois National Bank and Trust
13639J Continental
Company of Chicago
10247 The Lawndale National Bank of Chicago
1881
3854
5548
4596
4576
10460
11308
4003
11774
6460
531
8
5070
8740
12366
5322
4299
6653
8933
10397
The First National Bank of Chicago
The Southern Illinois National Bank of East
St. Louis
The First National Bank of Geneva
The First National Bank of Lebanon
The First National Bank of Piper City.
The Carlinville National Bank, Carlinville--_
The First National Bank of Highland
The First National Bank of Lockport
The First National Bank of Brownstown
Footnotes at end of table.
1933
3 200 000 00
Apr. 13
3
Apr. 20
100,000.00
3 100,000. 00
Apr. 22
3 200,000. 00
__do
3 200,000. 00
Apr. 25
3
20,000. 00
Apr. 29
3
150,000. 00
May 4
3
50,000. 00
May 9
3
10,000.00
May 19
3
50,000. 00
May 25
3
200,000. 00
Aug. 21
67
Dec. 22 f49,999,3 666.
333 33
Dec
30
350, OOO! 00
ioo!oo
ioo!oo
5
1934
Jan. 12
Feb.
Feb.
Feb.
Feb.
1
6
24
27
Mar. 5
Mar. 9
-_do._Mar. 10
25,000,000. 00
100.00
100.00
500 000 00
25,000.00
30,000.00
25,000. 00
75,000. 00
75,000. 00
25,000. 00
25,000. 00
100. 00
100.00
60.00
50.00
100.00
100.00
100.00
125.00
60.00
50. 00
100. 00
100.00
100.00
125. 00
ioo!oo
ioo!oo
5
5
5
5
5
5
5
REPORT OF THE COMPTROLLER OF THE CURRENCY
207
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Date
Preferred
increase
capital
Par
value
of
shares
Sold at
per
share
Percent
of dividend
to be
paid
on the
par
value
ILLINOIS—continued
8221
13650
11923
4804
9823
3296
4342
10582
1961
11478
4019
5771
8115
12000
3303
11662
10690
12096
4433
6924
7941
5398
6524
1934
Mar. 13
Mar. 19
Mar. 21
Mar. 22
The Farmers and Merchants
National
Bank of Nashville
The Security National Bank of Witt
The City National Bank of Centralia
The City National Bank of Murphysboro
The Swedish-American National Bank of
Rockford
Commercial Merchants National Bank and
Trust Company of Peoria
The City National Bank of Kankakee
The First National Bank of Marine
The First National Bank of Flora
The St. Clair National Bank of Belleville
The First National Bank of Murphysboro
The First National Bank of Barry
The Greenup National Bank, Greenup
The First National Bank of Coulterville
Mar. 28
200, 000.
00
80.00
80.00
Mar.
Apr.
Apr.
Apr.
d
Apr.
_._do
Apr.
Apr.
500, 000.
00
The Old National Bank of Centralia
Apr. 26
First National Bank of Cicero
The First National Bank of Gorham
The First National Bank of Xenia
The First National Bank of Vienna
The First National Bank of O'Fallon
The First National Bank of Freeburg
The First National Bank of Rossville
The First National Bank of Nashville
Apr. 30
May 1
May 2
May 7
-_do
May 8
..do
20.00
80.00
100. 00
100.00
125. 00
62.50
125.00
50. 00
75.00
50.00
100.00
50.00
75.00
100. 00
125. 00
50.00
100.00
62.50
50.00
20.00
80.00
100.00
100. 00
125.00
62.50
125. 00
50.00
75.00
50.00
100. 00
50.00
75.00
100. 00
125. 00
50.00
100.00
62.50
50.00
31
3
4
12
19
23
24
The State National Bank of Petersburg
M a y 22
May
May
June
June
June
June
June
3548
The First National Bank of Ava
The Fairfleld National Bank, Fairfield
The First National Bank of M o r r i s - _ .
The Bradford National Bank of Greenville
The First National Bank of Millstadt
National Builders Bank of Chicago
The Peoples National Bank of McLeansboro.American National Bank and Trust Company
of Chicago
The Peoples National Bank of St. Francisville,
The Citizens National Bank of Chicago
Heights
The Illinois National Bank of Springfield
9397
2681
9786
The Streator National Bank, Streator
The First National Bank of Sandoval
3043
10911
6609
1773
9734
8425
13146
9408
13216
8846
13373
479
5153
6451
5638
8174
113
3287
13478
13605
3640
June 27
June 29
50, 000. 00
150,000. 00
1 15,000. 00
6.25
50.00
50.00
100.00
60.00
100.00
6.25
50.00
50.00
100. 00
60.00
100. 00
4
4
i 4
24
July 17
July 18
.__do
The Batavia National Bank, Batavia
10180
4
4
The Third National Bank of Rockford
5630
July 24
July 25
July 27
Aug.
6
The First National Bank of Cobden
The First National Bank of Benld
First National Bank in Carbondale
T h e Citizens National Bank of Toluca
The First National Bank of Waterloo
The First National Bank of Gibson
The First National Bank of Danville._._
The Farmers National Bank of Knoxville
First National Bank of Pana
The Second National Bank of Robinson
The First National Bank of Beardstown
Footnotes at end of table
__
5
4
4
4
4
4
4
100. 00
12.50
2 3
The First National B a n k of Dundee
31. 25
80.00
50.00
20.00
100. 00
100.00
31.25
100.00
100.00
12.50
July 7
July 16
The Citizens National Bank of Paris
5
5
5
5
5
5
5
5
5
i 5
26
5
5
5
5
5
5
5
750,000. 00
25,000. 00
The City National Bank of Harrisburg
The First National Bank of Oblong
;5O,ooo.oo
' ' ,25,000. 00
,
50, 000. 00
i 50, 000. 00
! 25, 000. 00
50, 000. 00
25,000. 00
12,000. 00
i 75,000. 00
2 3
25, 000. 00
150,000. 00
15, 000. 00
5, 000. 00
35, 000. 00
75,000. 00
20,000. 00
25,000. 00
50, 000. 00
45, 500. 00 ) 31. 25
3
4, 500. 00
80.00
20, 000. 00
50.00
50,000. 00
20.00
50,000. 00
100.00
100, 000.00
45,000.00 100.00
31.25
250,000. 00
a
15,000.00 100.00
June 23
June 26
The First National Bank of Brighton
8607
9500
7728
12596
11333
25
29
6
7
12
14
19
$35,000. 00 $125. 00 $125. 00
12, 500. 00
50.00
50.00
25,000. 00 100. 00 100. 00
50,000. 00
62.50
62.50
Aug. 7
Aug. 14
Aug. 24
Aug. 28
do
Aug. 30
Aug. 31
_ Sept. 12
Sept. 14
5, 000. 00
90,000. 00
20, 000. 00
282,960. 00
3
17,040.00
60,000. 00
75, 000.00
22,400. 00
3 2, 600. 00
75, 000.00
60,000.00
i 12, 500.00
2 3
12, 500. 00
100, 000. 00
3 25,000. 00
25,000. 00
1 25,000. 00
2
3 5, 000. 00
25, 000.00
200,000. 00
30, 000.00
25,000. 00
74,000.00
3 1, 000. 00
75, 000.00
30.00
30.00
60.00
37.50
60.00
37.50
50.00
50.00
30.00
40.00
25.00
100. 00
125.00
100.00
50.00
62. 50
100. 00
83.33
62.50
125. 00
50.00
30.00
40.00
25.00
100. 00
125. 00
100.00
50.00
62.50
100. 00
83.33
62.50
125.00
50.00
4
4
4
4
5
2
6
4
5
4
14
2
3
4
4
4
4
1
62.50
62.50
4
50.00
50.00
4
208
KEPORT OF THE COMPTftOLLEB OF THE CTJRREtfCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Date
Preferred
increase
capital
Percent
of dividend
Par
at to
be
value Sold
per
paid
of
shares share on the
par
value
ILLINOIS—continued
3156
7088
3190
4934
1934
Sept. 17
The First National Bank of Okawville..
Sept. 18
The First National Bank of Annapolis...
Sept. 19
The Oakland National Bank, Oakland
The De Witt County National Bank of Jsept. 25
Clinton...
pt. 27
The First National Bank of Metropolis
The First National Bank of Villa Grove.
The Second National Bank of Belvidere
Sept. 29
The First National Bank of Carmi
Oct. 1
7948
2100
The First National Bank of Enfield
Oct. 25
The Edgar County National Bank of Paris.. Oct. 26
11754
10257
2212
1926J
Total (87 banks)
INDIANA
7375
12444
5756
9562
12028
9463
8927
5300
6334
9682
9159
206
The Citizens National Bank of Tell City
Old National Bank in Evansville
The Tell City National Bank, Tell City
The First National Bank of Oakland City
The First National Bank of Spurgeon.
The Farmers National Bank of Princeton
The Farmers National Bank of Wadesville
The First National Bank of Petersburg
The Merchants National Bank of South Bend.
First-Cannelton National Bank, Cannelton..
The First National Bank of Winslow
The First National Bank of Elkhart
5173
7725
The Citizens National Bank of Bedford
Lincoln National Bank and Trust Company
of Fort Wayne
The Seymour National Bank, Seymour
The Rockville National Bank, Rockville
The First National Bank of Madison
The First National Bank of Mitchell
Terre Haute First National Bank Terre Haute.
The Citizens National Bank of Tell City
The First National Bank of Bicknell
The Washington National Bank, WashingtonFirst National Bank and Trust Company of
La Porte.
_
The First National Bank of Huntingburg
The Riddell National Bank of Brazil.
The Albion National Bank, Albion
The First National Bank of Michigan City...
The First National Bank of Danville
The Peoples National Bank and Trust Com'
pany of Washington
The First National Bank of Converse
The Rush County National Bank of Rushville
The First National Bank of Bloomington
The Tell City National Bank, Tell City
The First National Bank of Richmond
The First-Merchants National Bank of Lafayette
The City National Bank of Auburn
The Merchants National Bank of Michigan
City
The First National Bank of Crown Point
4652
5067
111
6433
47
7375
7155
2043
377
5267
8912
2747
152
3842
11671
5756
17
11148J
6509
9381
2183
Footnotes at end of table.
$25,000.00 $83. 33
10,000.00
80.00
1 30,000.00
60.00
2 3 6, 750.00 100.00
15,000. 00
3 15,000.00 [125.00
25,000.00
62.50
25,000. 00
50.00
50,000.00
50.00
49, 250.00
> 62. 50
3 750.00
25.00
1 20,000.00
2 3 5,000.00 100.00
60.00
90,000.00
$83. 33
80.00
60.00
100.00
125. 00
62.50
50.00
50.00
62.50
25.00
100.00
60.00
82, 276, 250.00
1933
Apr. 15
d(
Apr. 18
Apr. 19
Apr. 21
Apr. 25
__do
Apr. 27
May 13
June 5
June 6
June 28
1934
Jan. 10
3 35.000.00
3 500,000.00
3 25,000.00
3 40,000. 00
3 25, 400. 00
3 100,000.00
3 25,000. 00
3 125, 000. 00
3 150, 000. 00
3 75, 000. 00
3 80,000. 00
3 100,000.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100. 00
100.00
50.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100. 00
50.00
75,000.00
100.00
100.00
Jan.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
700, 000. 00
100, 000. 00
25,000.00
40,000.00
15,000. 00
500,000.00
i 35,000.00
15,000.00
75,000. 00
20.00
80.00
100.00
80.00
120.00
10.00
70.00
100.00
40.00
20.00
80.00
100.00
80.00
120.00
10.00
70.00
100.00
40.00
Apr. 3
Apr. 4
Apr. 14
—,do__.
Apr. 23
May 14
143,800.00 • 25. 00 25.00
3 6, 200. 00
30, 000. 00
80.00 80.00
50, 000. 00 100.00 100. 00
3 25, 000.00 100.00 100.00
62,500.00
50.00 50.00
50,000.00 100. 00 100. 00
May 15
June 5
June 8
June 9
...do—.
June 14
75,000.00
75.00 75.00
50.00 50. 00
i 25,000.00
2 3 15,000.00 100.00 100.00
80.00 80.00
50,000.00
31.25
31.25
1 125,000. 00
2 3 50,000. 00 100. 00 100.00
100.00
100.00
i 50,000. 00
62, 200.00
3 12,800.00 •100.00 100.00
20.00
20.00
i 500,000. 00
20.00
20.00
2 3 225,000.00
45,000. 00
30.00
30.00
June 30
July 11
July 12
July 24
50,000.00
40,000.00
40.00
40.00
40.00
40.00
EEPOBT OP THE COMPTEOLLEE OF THE OTJEEENCY
209
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
7824
1066
7655
2533
12444
12132
The First National Bank of Batesville
The First National Bank of Columbus
The First National Bank of Rochester
The Citizens National Bank of Crawfordsville.
Old National Bank in Evansville
The National City Bank of Evansville
The American National Bank of Vincennes..-
INDIANA—continued
Date
1934
Aug. 3
Aug. 7
Aug. 31
Sept. 25
Oct. 9
Oct. 15
Oct. 23
Total (45 banks).
2307 Iowa-Des Moines National Bank & Trust
Company, Des Moines
5934
4784
3189
2574
10640
7369
5022
11162
9724
3105
5738
13321
4601
5979
9619
6771
13112
7880
13458
13508
13020
2032
8725
6659
Preferred
increase
capital
Percent
of diviPar Sold at dend
to be
value
per
paid
of
shares share on the
par
value
3 $30,000. 00
60,000.00
25,000. 00
25,000. 00
i 150, 000. 00
200,000. 00
150,000. 00
$50.00
100. 00
125. 00
83.33
50.00
100.00
62.50
$50. 00
100.00
125. 00
83.33
50.00
100. 00
62.50
5,192,900. 00
1933
Dec. 30
3, 500,000.00
100.00
100. 00
1934
Feb. 23
Mar. 13
Mar. 15
Mar. 27
Apr. 17
Apr. 21
Apr. 30
May 3
May 29
June 14
June 21
•June 30
July 3
40,000.00
25,000. 00
20,000.00
550,000. 00
25,000.00
25,000.00
200,000.00
15, 000.00
25,000.00
50,000. 00
25, 000. 00
1 750, 000. 00
2 3100, 000. 00
25,000. 00
40.00
100.00
100. 00
100.00
50.00
75.00
100. 00
62.50
50.00
75.00
50.00
100.00
100.00
100. 00
40.00
100. 00
100.00
100.00
50.00
75.00
100. 00
62.50
50.00
75.00
50.00
100. 00
100.00
100.00
Dysart National Bank, Dysart
The First National Bank of Denison
The First National Bank of Missouri Valley. _
The First National Bank of Mason City
The Farmers National Bank of Winfield
The First National Bank of Sioux Center
The Live Stock National Bank of Sioux City..
The Citizens National Bank of Webb
The Farmers National Bank of Aurelia
The First National Bank of Waverly
The First National Bank of Essex.
_
f Central National Bank and Trust Company of
\ Des Moines
The First National Bank of Peterson
The Commercial National Bank of Charles
July 17
City
The Landmands National Bank of KimballAug. 10
ton
Aug. 14
The First National Bank of Logan.
The Clay County National Bank of Spencer. _ Aug. 16
The Sheldon National Bank, Sheldon..
Aug. 24
National Bank and Trust Company of
Chariton
_
- Sept. 11
Sept. 21
The Dyersville National Bank, Dyersville
First National Bank in Spirit Lake
..-. Sept. 27
fThe Louisa County National Bank of Colum- [Sept. 28
\ bus Junction..
The Okey-Vernon National Bank of Corning— Oct. 2
Oct. 23
The First National Bank of Klemme
Oct. 25
The Peoples National Bank of Albia
Total (26 banks).
3 15, 000. 00 100. 00 100. 00
25,000. 00 25.00
25, 000. 00 100. 00
i 50, 000. 00 100. 00
2 3 10, 000. 00 100. 00
25, 000. 00 100. 00
25.00
100. 00
100.00
100.00
100. 00
50, 000. 00 50.00
37, 500. 00 125. 00
i 35, 000. 00 8.75
2 3 15,000. 00 10; 00
i 25,000. 00 25.00
2 3 12, 500. 00 25.00
50,000. 00 125. 00
3 10,000. 00 100. 00
25,000.00 100.00
50.00
125.00
8.75
10.00
25.00
25.00
125. 00
100.00
100.00
5, 785,000.00
KANSAS
1933
Commercial National Bank of Kansas [Sept. 18 ' 1350,000.00 10.00
6311 /The
2 3 100, 000. 00 10.00
I City
50,000. 00 100.00
10746 The Security National Bank of Arkansas City_ Dec. 30
The Farmers National Bank of Salina
The First National Bank of Concordia
The Union National Bank of Wichita
The Council Grove National Bank, Council
Grove.
5952 The Baxter National Bank of Baxter Springs..
3207 The First National Bank of Sterling
9758 The Union Stock Yards National Bank,
Union Stock Yards (P. O. Wichita)
4742
3066
11010
5757
Footnotes at end of table.
10.00
10.00
100. 00
1934
Jan. 18
Feb. 17
Mar. 15
100,000.00
50,000. 00
100, 000. 00
50.00
50.00
62.50
50.00
50.00
62.50
Mar. 21
Mar. 24
Mar. 27
25,000. 00
15, 000. 00
25,000. 00
50.00
75.00
10.00
50.00
75.00
10.00
Mar. 30
50, 000. 00
50.00
50.00
210
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
KANSAS—continued
3475
5349
7285
11405
6817
11300
10575
9773
7195
12694
1951
6494
3810
10765
5101
4487
7192
13329
2758
3782
3601
8290
4040
7911
7303
4981
The National Bank of Pittsburg
The Caney Valley National Bank, Caney
First National Bank in Dodge City_
The City National Bank of Atchison
First National Bank in Mankato
The First National Bank of Hugoton
The First National Bank of Medicine Lodge-The First National Bank of Dighton
The First National Bank of Overbrook
The Hoisington National Bank, Hoisington___
The First National Bank of Parsons
The El Dorado National Bank, El Dorado
The First National Bank of Horton
The American National Bank of Hutchinson..
The National Bank of Seneca
The Home National Bank of Arkansas C i t y . .
The First National Bank of Meade
The First National Bank in Cimarron
The Exchange National Bank of Atchison
The First National Bank of Manhattan
The First National Bank of Phillipsburg-_ ___
The First National Bank of Norcatur
The First National Bank of Burlingame
The Marion National Bank, Marion
The Home National Bank of Eureka
_.
The Farmers and Merchants National Bank
of El Dorado
Preferred
increase
capital
Date
1934
Apr. 17
Apr. 20
May 3
June 16
June 19
July 3
July 13
July 17
Aug. 7
Aug. 14
Aug. 21
-do—„
Aug. 25
Aug. 27
Aug. 28
Sept. 5
Sept. 13
Sept. 17
Sept. 18
Oct. 4
Oct. 10
Oct. 11
Oct. 17
Oct. 20
Oct. 23
Percent
of dividend
Par
Sold
at
to be
value
paid
of
share
on the
shares
par
value
$100,000. 00
25,000.00
100,000. 00
50,000. 00
25,000. 00
15,000. 00
25, 000. 00
25,000. 00
i 15,000. 00
2
310,000. 00
25,000.00
50,000.00
50,000.00
15,000.00
60,000.00
25,000.00
75,000.00
15,000.00
15,000.00
100,000.00
50,000.00
40,000.00
25,000.00
i2 25,000.00
3 7,000.00
20,000.00
35,000.00
$100.00
31.25
100.00
100.00
100.00
100.00
80.00
100. 00
30.00
40.00
100.00
100.00
100.00
100.00
100.00
100.00
62.50
75.00
50.00
40.00
80.00
80.00
125.00
10.00
10.00
40.00
100.00
$100. 00
31.25
100.00
100.00
100.00
100.00
80.00
100. 00
30.00
40.00
100.00
100.00
100.00
100.00
100.00
100.00
62.50
75.00
50.00
40.00
80.00
80.00
125.00
10.00
10.00
40.00
100.00
20,000.00
40.00
40.00
4
1933
May 8
May 9
3 30,000.00 100.00
3 100,000.00 10.00
100.00
12.50
6
5
Aug. 11
3125,000.00
100.00
100.00
6
Sept. 2
Dec. 30
250,000.00
40,000.00
10.00
100.00
10.00
100.00
5
5
1934
Jan. 11
80,000.00
Jan. 27
50,000.00
Jan. 29
50,000.00
Jan. 31
50,000.00
Feb. 1
100,000.00
Feb. 23
100,000.00
Mar. 13
50,000. 00
Mar. 23
25,000.00
Mar. 24
25,000.00
M a y 24
100,000.00
r
i
IOO,
ooo. oo
July 9
2
July 12 \ 3 25,000.00
50,000.00
3
65,000.00
80.00
100.00
40.00
100.00
100.00
100.00
100.00
25.00
100.00
80.00
40.00
50.00
62.50
50.00
50.00
80.00
100.00
40.00
100.00
100.00
100.00
100.00
25.00
100.00
80.00
40.00
50.00
62.50
50.00
50.00
5
5
5
5
5
5
5
5
5
5
Oct. 2
Oct. 23
15,000.00
3 60,000.00
100.00
100.00
100.00
100.00
4
4
30,000.00
31.25
31.25
4
Oct. 29
Total (35 banks)
f
I
j
{
5
5
5
5
5
4
4
4
1
2
4
54
4
4
4
4
4
4
4
4
4
4
4
4
14
2
5
4
4
1,907,000.00
KENTUCKY
9708
5881
9365
718
8439
The Union National Bank of Providence._ ___
The Farmers National Bank of Somerset
The American National Bank of Bowling
Green
The First National Bank and Trust Company
of Covington
The Citizens National Bank of Glasgow.._ __
The First-Hardin National Bank of Elizabethtown
The New Farmers National Bank of Glasgow.
The Georgetown National Bank, GeorgetownMercer County National Bank of Harrodsburg.
The Pikeville National Bank, Pikeville
The Peoples National Bank of Paducah
The First National Bank of Central City
The First National Bank of Georgetown
The First National Bank of Springfield
The First National Bank of Princeton
The Third National Bank of Ashland
The Farmers National Bank of Scottsville
The State National Bank of Frankfort
The National Bank of Middlesborough
..
The Morgan County National Bank of Cannel City
_ __
4356 The First National Bank of Greenville
6248 The First National Bank of Latonia. Covington (P. O. Latonia Sta., Covington)
6028
13651
8579
13612
7030
12961
8229
2927
1767
3064
12293
12456
4090
7086
7891
Total (22 banks)
Footnotes at end of table.
Oct. 27
1,545,000.00
1
4
264
4
5
BEPOET OF THE COMPTROLLER OF THE CURRENCY
211
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 193Jy— Continued
Char
ter
no.
Title
LOUISIANA
13839
4154
9834
The St. Charles National Bank of Norco
The First National Bank of Lake Charles
Louisiana National Bank of Baton Rouge
Date
1934
Jan. 5
Apr. 23
June 14
Total (3 banks)
Preferred
increase
capital
Percent
of diviPar
dend
Sold
at
value
to be
per
of
paid
share
shares
on the
par
value
$50,000.00 $100.00 $100.00
25.00 25.00
100,000.00
80.00 80.00
300,000.00
5
5
4
450,000.00
MAINE
498
6287
192
9826
1142
446
1108
2311
330
First National Granite Bank of Augusta
The Rumford National Bank, Rumford
The First National Bank of Brunswick
The Kezar Falls National Bank, Kezar FallsThe Thomaston National Bank, Thomaston__
The First National Bank of Damariscotta
The Medomak National Bank of Waldoboro__
The Camden National Bank, Camden
The First National Bank of Lewiston...
_
1933
Apr. 15
May 5
June 1
June 12
June 20
July 3
Oct. 23
Nov. 25
Nov. 29
3 300, 000. 00 100.00
3 25, 000. 00 100. 00
3 100,000. 00 100.00
3 50, 000. 00 100. 00
3 50,000. 00
10.00
3 150,000. 00
25.00
35,000. 00
10.00
3 50,000. 00
50.00
400,000. 00
25.00
100.00
100. 00
125. 00
200. 00
20.00
25.00
10.00
75.00
25.00
6
6
6
6
6
6
5
6
5
100. 00
100. 00
100. 00
100. 00
100. 00
80.00
100. 00
50.00
40.00
50.00
100. 00
100. 00
100. 00
100. 00
100. 00
80.00
100. 00
50.00
40.00
50.00
5
5
5
5
5
5
4
5
1934
6287
5861
498
3941
9609
4459
2749
13843
4128
The Rumford National Bank, Rumford
Jan. 9
The Peoples National Bank of Farmington
Mar. 1
First National Granite Bank of Augusta
Mar. 7
The First National Bank of Bar Harbor
The National Bank of Gardiner
Apr. 9
The First National Bank of Farmington
_ Apr. 10
The First National Bank of Houlton
June 9
The First National Bank of Fort Fairfield
July 7
The Portland National Bank, Portland
i 150, 000. 00
3 50,000. 00
500,000. 00
200,000. 00
25, 000. 00
50,000. 00
100,000. 00
50, 000.00
Aug. 29 /I 2 31850,000.00
150, 000. 00
i 4
3,285, 000. 00
Total (18 banks)
MARYLAND
4634
3010
5445
7064
11193
8799
8381
742
7160
4049
1551
8456
6606
9699
5471
2547
4608
1434
12590
The First National Bank of Aberdeen
The First National Bank of Havre de Grace-_
The Citizens National Bank of Havre de
Grace
.
The First National Bank of North East
The National Bank of Perryville
The Woodbine National Bank ,Woodbine
The Second National Bank of Towson
The First National Bank of Westminster
The First National Bank of Mount Airy
The Second National Bank of Hagerstown
The Washington County National Bank of
Williamsport
. _. .
The Southern Maryland National Bank of
La Plata
The First National Bank of St. Mary's at
Leonardtown.
The Clear Spring National Bank, Clear
Spring.
The First National Bank of Southern Maryland of Upper Marlboro..
The Denton National Bank, Denton
The First National Bank of Gaithersburg
The Easton National Bank of Maryland, Easton
The Nicodemus National Bank of Hagerstown
Total (19 banks)
Footnotes at end of table.
1933
Mar. 29
Mar. 31
3 100,000. 00
3 30, 000. 00
100. 00 100. 00
10.00
10.00
Apr. 1
3 50, 000. 00
10.00
15.00
Apr. 5
3 54, 000. 00 100. 00 200. 00
Apr. 22
3 50,000. 00
10.00 30.00
3 50,000. 00
Apr. 26
10.00 20.00
3 125,000.00
---do
5.00
6.00
3 200,000.00
Apr. 29
10.00 20.00
3 100,000. 00
10.00 20.00
May 2
f i 100, 000. 00
2.50
5.00
May 6 \2
3 100,000.00
2.50
5.00
6
6
6
6
6
4
6
6
i6
26
g
Aug. 3
3 100,000. 00
5.00
10.00
Aug. 12
3 25,000. 00
50.00
100. 00
6
Sept. 27
3 60,000. 00
5.00
10.00
6
Nov. 14
3 25,000. 00
2.50
5.00
6
1934
July 30
July 31 {f
Aug. 21
100,000. 00
71,040.00
3 3,960. 00
15, 000. 00
8.00
8.00
40. 00 40.00
100. 00 100. 00
4
4
4
Sept. 4
Sept 12 f
150,000. 00
224,000. 00
3 76,000.00
20.00 20.00
100. 00 100. 00
4
4
1,809,000. 00
212
REPORX OF THE COMPTROLLER OF T H E CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1988, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 81, 1934—Continued
'ercent
of divi-
Charter
no.
Title
Preferred
increase
capital
Date
Par
dend
value Sold at to be
T
paid
of
on the
shares
par
value
MASSACHUSETTS
616
1210
4771
12800
1085
11388
884
428
2404
The Warren National Bank of Peabody
North Adams National Bank, North Adams...
The Somerville National Bank, Somerville
The Methuen National Bank, Methuen
_
The National Bank of Wrentham
The Peoples National Bank of Southbridge
The First National Bank of Gardner.._
._
The First National Bank of Easthampton
The Peoples National Bank of Marlborough..
The Waltham National Bank of Waltham..
First National Bank in Medford
The Broadway National Bank of Chelsea
Webster and Atlas National Bank of Boston...
The National City Bank of Lynn
Springfield National Bank, Springfield
North Adams National Bank, North Adams..
The First National Bank of Marlboro
The First National Bank of Gardner
rThe National Mahaiwe Bank of Great Barrington
The Powow River National Bank of Amesbury
--.
2058 The Crocker National Bank of Turners Falls
1135 The Mechanics National Bank of Worcester..
1939 Holyoke National Bank, Holyoke
12979
9651
1527
697
4907
1210
2770
884
1203
1049
726
4703
517
190
799
1367
The Merchants National Bank of Salem
The Park National Bank of Holyoke
/The National Mount Wollaston Bank of
\ Quincy
The First National Bank of Westfield
/The Merchants National Bank of New Bed\ ford
Hampden National Bank and Trust Company
of Westfield...
The Central National Bank of Lynn
The First National Bank of Northampton
fNorthampton National Bank and Trust Com\ pany, Northampton
The Arlington National Bank, Arlington
The Everett National Bank, Everett.
1201
383
1018
11868
11510
261 The First National Bank of New Bedford
2504 The Brockton National Bank, Brockton
12567 The Dedham National Bank, Dedham
2152 The Home National Bank of Brockton
Safe Deposit National Bank of New Bed12405 /The
1 ford
7297 The Wellesley National Bank, Wellesley
1134.7 The Braintree National Bank, Braintree
13411 First National Bank of Webster
11014 The Second National Bank of Maiden
/The Milford National Bank and Trust Com\ pany, Milford—_
10059 The Merchants National Bank of Leominster..
528 The Framingham National Bank, Framingham
2232 The First National Bank of Attleboro
Total (47 banks)
end of table.
...._
1933
Mar. 23
Apr. 8
-do
Apr. 20
May 24
June 7
June 21
June 26
July 5
Aug. 31
3 $150,000.00
3 200,000. 00
3 400,000. 00
3 115,000.00
3 52, 500. 00
3 51, 200.00
3 250, 000.00
3 100,000.00
3 125,000.00
3 200,000.00
1100.00
100.00
20.00
100.00
70.00
100.00
100.00
100. 00
100.00
12.50
ilOO. 00
100.00
20.00
100.00
70.00
100. 00
100.00
100. 00
100. 00
12.50
1934
Jan. 5
Jan. 22
Jan. 29
Jan. 30
...do.....
Feb. 2
Feb. 13
Feb. 17
•Feb. 19
100,000.00
250,000.00
500,000. 00
250,000. 00
1, 500, 000.00
300,000.00
125, 000. 00
i 150,000.00
1 100,000. 00
2 3 25,000. 00
50.00
50.00
50.00
50.00
10.00
100.00
50.00
50. 00
50.00
100.00
50.00
50. 00
50. 00
50.00
10.00
100. 00
50.00
50.00
50.00
100.00
Feb. 28
Mar. 28
Apr. 7
Apr. 10
50.00
75, 000.00
25. 00
50,000.00
1,000,000.00 100. 00
478, 500.00 • 50.00
3 21, 500. 00
15.00
300, 000.00
Apr. 17 { 2i 3150,000.00
25.00
150,000. 00 100.00
Apr. 20
199, 400. 00 [100.00
[May 1
3 600. 00
50.00
100,000.00
May 9
200,000. 00
20. 00
3 300,000.00
50. 00
25.00
100.00
50.00
15.00
25.00
100.00
100. 00
50.00
20.00
-do—.
May 10
May 15
100,000.00
50.00 50.00
200,000.00
50.00 50.00
150,000.00
12.50 12.50
293, 550. 00
75. 00 75.00
3 6,450. 00
3 100,000.00
50.00 50.00
200,000.00
25.00 25.00
i 500,000.00
25.00 25.00
3 250,000.00
50.00 50.00
i 500,000.00
25.00 25.00
3 200,000.00
50.00 50.00
3 50,000.00 100. 00 100. 00
i 300,000.00
50.00 50.00
3 200,000.00
50.00 50.00
250,000. 00
3 100,000.00 - 12.50 12. 50
150,000.00
10.00 10.00
50,000.00
40.00 40.00
75,000. 00
75.00 75. 00
i 50,000.00
5.00
5.00
2 3 50, 000.00
10.00 10.00
i 75,000.00
20.00 20.00
• 3 25,000. 00
20.00 20.00
44, 750. 00
3 5, 250. 00 \ 62.50 62.50
•__do
June 4
June 12
June 26
June 27 \2
June 28
June 29
30
10
14
21
,
J u l y 23 \
f
Aug. 18
June
Julv
July
July
Aug. 25
Aug. 28
Sept. 5
200,000.00
200,000.00
12,293.700.00
50.00
50.00
50.00
50.00
REPORT OF THE COMPTROLLER OF THE CURRENCY
213
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
MICHIGAN
The First National Bank of Wakefleld
First National Trust and Savings Bank of
Port Huron.
9087 The Superior National Bank of Hancock
12697 The Dart National Bank of Mason
11305
4446
6863
7676
390
4454
1731
10601
3547
9497
9000
5199
9517
191
The First National Bank of Norway
The Houghton National Bank, Houghton
The First National Bank and Trust Company of Marquette.
The Lumbermen's National Bank of Menominee.
The First National Bank of Lapeer
The First National Bank of Alpha
The First National Bank of Sault Ste. Marie..
The First National Bank of Burr Oak
The First National Bank of Alger County, at
Munising.
The First National Bank of Rockland
The Gogebic National Bank of IronwoodThe First National Bank and Trust Company of Kalamazoo.
Preferred
increase
capital
Date
1933
June 6
June 30
Sept. 11
Dec. 27
1934
Jan. 27
July 26
July 31
Aug.
7
The First National Bank of Carlton
The American National Bank of Saint Paul7958 First National Bank of Hopkins
The First National Bank of Moose Lake
The Goodhue County National Bank of Red
Wing.
2006 Northwestern National Bank and Trust Company of Minneapolis.
3560 The First National Bank of Albert Lea
7283 The First National Bank of Waterville
3224 The First National Bank of Winona
3626 First and American National Bank of Duluth.
7273 The First National Bank of Belle Plaine
8813 The First National Bank of Appleton
11215 The First National Bank of Montgomery
13486 The Northwestern National Bank of Litchfield.
2648 Fergus Falls National Bank and Trust Company, Fergus Falls.
9409 Midland National Bank and Trust Company
of Minneapolis.
12518 Security National Bank of Hopkins
13297 First National Bank in Moorhead
4727 The National Citizens Bank of Mankato.
6732 Stock Yards National Bank of South St. Paul
1487 The First National Bank of Red Wing
4614 The First National Bank of Marshall
12922 The Empire National Bank and Trust Company of St. Paul.
--.
12357 First National Bank in Two Harbors
11212 The Hastings National Bank, Hastings
11218 The First National Bank of Jordan.
11668 The Security National Bank and Trust Company of Faribault.
Footnotes at end of
106093—35
12947
7307
3 $50,000.00 $100.00 $200. 00
50.00
i 500,000. 00 50. 00
50.00
2 3 400,000.00 50.00
100,000. 00 100. 00 100.00
12, 500. 00 100. 00 100. 00
25,000.00
200,000.00
250,000.00
100. 00
62.50
125.00
100.00
62.50
125. 00
50,000.00
10.00
10.00
72, 960.00
Aug. 23
60.00
3 2,040.00 • 60. 00
Aug. 30
20,000.00
40.00 40.00
50.00 50.00
Sept. 6 1f 21200,000.00
3 75^ 000.00 100. 00 100. 00
Sept. 7
30,000.00 125. 00 125. 00
Sept. 11
50, 000.00 125. 00 125. 00
Sept. 17
Sept. 18
Oct. 16
12, 500. 00
50,000. 00
500, 000. 00
25.00
50.00
100. 00
25.00
50.00
100. 00
1933
Apr. 26
s 30,000.00
1,000,000.00
May 11 Vf> 1,000,000.
00
40,000. 00
Dec. 16
100. 00
100. 00
100. 00
100. 00
100.00
100.00
1934
Jan. 4
Feb. 3
25, 000.00
100,000.00
100.00
100. 00
100. 00
100. 00
Mar. 8
5,000,000. 00
100. 00
100. 00
Mar. 12
..do
Mar. 13
..do
..do
200,000.00
5,000. 00
350, 000. 00
1, 500,000.00
5,000.00
10, 000.00
5,000. 00
100.00
100. 00
100. 00
25.00
100. 00
100. 00
100. 00
100. 00
100. 00
100.00
100.00
25.00
100.00
100. 00
100.00
100.00
Total (16 banks).
MINNESOTA
Percent
of diviPar
dend
value Sold at to be
of
paid
shares share on the
par
value
2,600,000.00
..do
..do.....
50,000. 00
Mar. 14
25,000.00
100.00
100. 00
100. 00
100.00
. ..do..
do.....
M a r . 15
..do
M a r . 19
..do....
M a r . 20
500, 000.00
25,000.00
25, 000.00
250, 000. 00
250,000.00
50,000. 00
50, 000. 00
250,000.00
100. 00
100.00
100. 00
100.00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
Mar.
Mar.
Mar.
Mar.
25,000. 00
30, 000. 00
25,000.00
100,000. 00
100.00
100. 00
100. 00
100.00
100. 00
100. 00
100. 00
100.00
..do.....
21
24
27
28
214
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Date
Preferred
increase
capital
Percent
of diviPar Sold at dend
value
to be
per
paid
of
shares share on the
par
value
MINNESOTA—continued
9464
7092
6352
2567
7508
11581
11579
13127
13066
7427
6921
13564
8049
5377
1794
5568
6991
9262
11861
13108
4617
6837
11761
1934
Mar. 29
The First National Bank of Sandstone
The Worthington National Bank, Worthing- —do—..
1
ton.
The First National Bank of New Prague
Apr. 4
The First National Bank of Cass Lake
Apr. 7
The First National Bank of Crookston
Apr. 10
The First National Bank of Caledonia
do.
The First National Bank of Pine City
...do.....
The American National Bank of Nashwauk... Apr. 18
The Third Northwestern National Bank of Apr. 26
Minneapolis.
The Fourth Northwestern National Bank of Apr. 27
Minneapolis.
The First National Bank of Harmony
May 3
The National Citizens Bank of Canby
May 5
The First National Bank of Le Center
_._ May 8
The Northwestern National Bank of Dawson. May 9
May 21
The First National Bank of Hermon
May 23
The First National Bank of Elmore.
May 28
The First National Bank of Saint Peter
..do
The First National Bank of Staples
The Miners National Bank of Eveleth
The First National Bank of Gilbert
.do
The Marquette National Bank of Minneapolis
...do
The Central National Bank of Minneapolis. _ June 8
June 12
The First National Bank of Elbow Lake
...do
The First National Bank of Osakis.—
The First National Bank of Barnum
—do....
12140 The Duluth National Bank, Duluth
7387 The First National Bank of Braham
12395
7033
6787
13075
11818
8551
5582
6293
11740
7772
13131
10393
6544
6813
10903
1683
6917
7196
7109
13116
10710
6563
11622
July 6
July 17
July 18
The Union National Bank of Rochester
July 21
The First National Bank of Cokato
July 24
The Hancock National Bank, Hancock
July 27
The First National Bank of Mapleton
do
Becker County National Bank of Detroit Lakes. July 28
The American National Bank of St. Cloud
July 30
The Fairmont National Bank, Fairmont
Aug. 1
The First National Bank of Bemidji
Aug.
The First National Bank of Plain view
g 3
The First National Bank of Menahga
Aug. 4
The First National Bank of Hawley
Aug. 14
The Midway National Bank of St. Paul
Aug. 17
The Blue Earth Valley National Bank of WinAug. 18
nebago
Aug. 20
The First National Bank of Waseca
The First National Bank of Bagley
Aug. 21
The First National Bank of Keewatin
First National Bank of Mankato.
Aug. 27
The Farmers and Merchants National Bank of
Aug. 28
Minneota
Sept. 1
The First National Bank of Halstad
Sept. 5
The First National Bank of Le Roy
Western National Bank of Duluth._
_. Sept. 17
Sept. 29
The First National Bank of Baudette
Oct. 2
The First National Bank of Grand Rapids
The First National Bank of Buhl
Oct. 16
Total (78 banks).
Footnotes at end of table.
1 $15,000.00 $100.00 $100.00
2 3 5,000.00 100.00 100.00
1 30,000.00
15.00
15.00
2 3 30,000.00 100.00 100. 00
30,000. 00 100.00 100.00
62.50
10,000.00
62.50
50.00
62, 500.00
50.00
50.00
25,000. 00
50.00
60.00
30,000.00
60.00
75.00
18,000.00
75.00
50,000.00 100.00 100.00
25,000.00
100.00
100.00
20,000.00
40,000. 00
20, 000.00
5,000.00
25,000.00
30,000.00
30,000.00
20,000. 00
20,000. 00
20,000.00
80.00
80.00
40.00
100.00
50.00
100.00
100.00
40.00
100.00
100.00
80.00
80.00
40.00
100.00
50.00
100.00
100.00
40.00
100. 00
100.00
100,000. 00
150,000.00
25,000.00
15,000.00
» 15,000.00
2 3 l, 000.00
1 100,000.00
a» 50,000.00
10,000.00
100,000.00
25,000. 00
3 10,000.00
15,000.00
7,500.00
20,000.00
60,000.00
30,000.00
i 50,000.00
2 3 25,000.00
30,000.00
30,000.00
10,000.00
200,000.00
100.00
100. 00
50.00
100. 00
60.00
100. 00
25.00
50.00
40.00
100. 00
40. 00
60.00
100.00
100.00
75.00
75.00
25.00
50.00
40.00
60.00
100.00
100.00
100.00
100.00
50.00
100.00
60.00
100.00
25.00
50.00
40.00
100. 00
40.00
60.00
100.00
100.00
75.00
75.00
25.00
50.00
40.00
60.00
100.00
100.00
35,000.00
50,000.00
1 15,000.00
2 3 5,000.00
20,000.00
100,000.00
70.00 70.00
100.00 100. 00
25.00 25.00
100.00 100.00
50.00 50.00
100.00 100.00
40,000.00
20,000.00
20,000.00
50,000.00
10,000.00
3 25,000.00
125,000.00
2 3 5,000.00
100.00 100.00
62.50 62.50
80.00 80.00
62.50 62.50
100. 00 100.00
100.00 100.00
80.00 80.00
80.00 80.00
12,984,000.00
REPORT OP THE COMPTROLLER OF THE CURRENCY
215
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Preferred
increase
capital
Percent
of diviPar
dend
Sold
at
value
to be
of
paid
shares
on the
par
value
$100,000.00
500,000.00
125,000. 00
$10.00
250.00
125.00
$10.00
250. 00
125.00
30
12
30
7
500,000. 00
75,000. 00
150,000. 00
i 75,000. 00
2 3 25,000.00
10.00
25.00
100. 00
40.00
100.00
10.00
25.00
100. 00
40.00
100. 00
Aug. 21
Sept. 10
150.000.00
200,000. 00
100. 00
50.00
100.00
50.00
Date
MISSISSIPPI
10738
5176
7461
3258
8593
7266
10576
11898
13551
First-Columbus National Bank, Columbus...
First National Bank of Hattiesburg...
The First National Bank of McComb City...
The First National Bank & Trust Company
of Vicksburg
The Pascagoula National Bank of Moss Point
The Citizens National Bank of Meridian
The First National Bank of Biloxi
The Commercial National Bank and Trust
Company of Laurel
First National Bank in Meridian
1934
Jan. 31
Apr. 3
June 16
June
July
July
Aug.
Total (9 banks).
12333 The First National Bank of Clayton
12955 The Citizens National Bank of Maplewood..
13142
5209
7921
8407
5827
6875
2919
170
12916
12066
13481
8011
3068
6369
9236
12333
13690
3079
13162
The Exchange National Bank of Jefferson City.
The Union National Bank of Springfield
The First National Bank of Salem
The First National Bank of Cainesville
The First National Bank of Gallatin
The First National Bank of Centralia
The Third National Bank of Sedalia
First National Bank in St. Louis
The Boatmen's National Bank of St. Louis. _.
The Security National Bank Savings and
Trust Company of St. Louis
Clayton National Bank, Clayton
The First National Bank of Wellston
The Marshall National Bank of Union vine. _ _
The First National Bank of Jasper
Traders Gate City National Bank of Kansas
City
The First National Bank of Clayton
The National Bank in North Kansas City
The First National Bank of Tarkio
First National Bank of Joplin
1,900, 000.00
1933
Apr. 25
Aug. 8
3 150,000.00
3 100,000.00
100. 00
25.00
100.00
25.00
1934
Jan. 10
Feb. 27
Mar. 5
Mar. 13
Apr. 7
Apr. 11
May 29
June 4
June 5
300,000.00
300,000.00
20,000.00
12, 500.00
10,000.00
25,000. 00
50,000. 00
4,000,000.00
500,000.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
20.00
20.00
100. 00
100.00
100.00
100.00
100. 00
100.00
100.00
20.00
20.00
11
16
26
30
28
500,000.00
50,000.00
150, 000. 00
25, 000.00
15, 000. 00
100.00
100.00
100. 00
50.00
45.00
100.00
100.00
100. 00
50.00
45.00
Sept. 11
do.
Oct.
Oct.
Oct.
300,000.00
i 100,000.00
25,000.00
25,000.00
150,000.00
75.00
10.00
40.00
60.00
37.50
75.00
10.00
40.00
60.00
37.50
64.00
100.00
10.00
20.00
100.00
100.00
20.00
20.00
50.00
30.00
100.00
60.00
62.50
100.00
64.00
100.00
10.00
20.00
100.00
100. 00
20.00
20.00
50.00
30.00
100. 00
60.00
62.50
100. 00
June
June
June
June
July
Total (21 banks).
Baker National Bank, Baker
The Continental National Bank of Harlowton.
The First National Bank of Circle
The Great Falls National Bank, Great Falls..
The First National Bank of Kalispell
(The First National Bank of White Sulphur
\ Springs
The First National Bank of Twin Bridges....
The Merchants National Bank of Glendive...
The First National Bank of Dillon
The First National Bank of Rapelje
The First National Bank of Reserve
The First National Bank of Great Falls
First National Bank & Trust Company of
Helena
4803 The Conrad National Bank of Kalispell
11074
13417
11101
4541
4586
3375
11008
8055
3120
11017
10986
3525
4396
Total (14 banks)
Footnotes at end of table.
6,807, 500.00
1934
Mar. 5
Mar. 14
16,000.00
10,000.00
i 10,000.00
\
10,000.00
75,000.00
Mar. 16
100,000.00
...do.--.
1 25,000.00
2 3 5,000.00
15,000.00
Mar. 21
60,000.00
Apr. 14
Apr. 25
450,000.00
May 4
15,000.00
July 5
10,000.00
Sept. 13
200,000.00
23
Sept. 14
Oct. 19
200,000.00 100. 00 100.00
150,000. 00 75.00 75.00
1,351,000.00
216
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1938, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 81, 1984—Continued
Charter
no.
1633
209
3960
6378
2746
6506
13425
13557
13244
5297
5282
9666
8286
9731
13515
2848
9908
13333
13408
2994
9581
2978
10011
4324
8328
13453
9623
13158
2902
13463
7204
8317
10025
5189
3823
4791
3523
Title
Date
Preferred
increase
capital
Percent
of diviPar Sold at dend
to be
value
per
paid
of
shares share on the
par
value
1933
July 29 $1,250,000.00 1100.00 $100.00
20.00 20.00
Dec. 29 11,000,000.00
2 3 500,000.00 20.00 20.00
1934
Jan. 4
30,000. 00 50.00 50.00
The First National Bank of Albion
Jan. 30
25,000.00 100.00 100.00
The First National Bank of Valentine
Feb. 1
25,000. 00 100. 00 100. 00
The First National Bank of Falls City
Feb. 6
25, 000.00 200.00 200.00
The First National Bank of Cambridge
40,000.00 50.00 50.00
The American National Bank of Sidney
do
30,000.00 50.00 50.00
Feb. 13
First National Bank in Ord
25,000.00 100.00 100.00
Feb. 16
The First National Bank of Primrose
25,000.00 62.50 62.50
Feb. 20
The First National Bank of Hooper
12, 500. 00 62.50 62.50
The First National Bank of Newman Grove.. Feb. 24
25,000.00 50.00 50.00
Mar. 2
The First National Bank of Bayard
25,000. 00 50.00 50.00
Mar. 3
The First National Bank of Stromsburg
25,000. 00 50.00 50.00
Mar. 6
The City National Bank of Crete
125,000.00 100. 00 100.00
Mar. 12
The Hastings National Bank, Hastings
75,000.00 50.00 50.00
Mar. 13
The Fremont National Bank, Fremont
Stock Yards National Bank of South Omaha,
1,000,000.00 100.00 100.00
Omaha
300,000.00 100. 00 100.00
The Continental National Bank of Lincoln. _. ..do
50,000.00 100.00 100.00
The Stephens National Bank of Fremont
Mar. 16
100, 000. 00 100.00 100. 00
Mar.
21
The First National Bank of Fairbury
35, 000. 00 100. 00 100. 00
The Scottsbluff National Bank, Scottsbluff.. Apr. 6
200, 000. 00 100.00 100. 00
The United States National Bank of Omaha. Apr. 7
Apr. 12
25, 000. 00 50.00 50.00
The Tilden National Bank, Tilden
Apr.
16
25, 000. 00 62.50 62.50
The First National Bank of Tekamah
Apr. 20
50, 000. 00 100. 00 100. 00
The Central National Bank of Columbus
May
11
25, 000. 00 100. 00 100. 00
The Farmers National Bank in Pilger
May 17
25, 000. 00 50.00 50.00
The First National Bank of Butte
May
22
3
10, 000. 00 100. 00 100. 00
The First National Bank of Arcadia
May 28
37, 500. 00 100. 00 100. 00
The First National Bank of David City
May
31
25,
000. 00 20.00 20.00
St. Paul National Bank, St. Paul
12, 500. 00 31.25 31.25
The First National Bank of Elwood..
_. June 12
June
18
12,
500. 00 100.00 100. 00
The Farmers National Bank of Madison
June 19
15, 000. 00 100. 00 100.00
The First National Bank of Belden
July
7
30,
000.
00 50.00 50.00
The First National Bank of Genoa
7
50,000. 00 100. 00 100. 00
The First National Bank of Chadron
._ Aug.
100. 00 100.00
Oct.
19
25,
000.00
The First National Bank of Pender
25,000. 00 100. 00 100. 00
The First National Bank of Weeping Water. Oct. 20
The Omaha National Bank, Omaha.
The First National Bank of Omaha..
Total (37 banks).
5, 340,000. 00
NEVADA
9310
7743
11784
1934
The Ely National Bank, Ely
May 9
The First National Bank of Elko
July 5
The Farmers and Merchants National Bank
of Eureka
Oct. 23
50, 000.00 100. 00 100.00
100, 000. 00 50.00 50.00
25, 000. 00
Total (3 banks)
NEW HAMPSHIRE
1070
19
8147
The Souhegan National Bank of Milford...
The First National Bank of Portsmouth...
The Wolfeboro National Bank, Wolfeboro.
80.00
80.00
175,000.00
1933
May 3
.do
July 3
3 125,000.00 100.00 100.00
s 250, 000. 00 100.00 100.00
123, 000. 00 100.00 100.00
1934
Feb. 9
The Keene National Bank, Keene
Apr. 11
The Lakeport National Bank of Laconia
8038 The First National Bank of West Derry
Apr. 27
1052 The New Hampshire National Bank of Portsmouth
May 10
Footnotes at end of table.
100,000.00 50.00 50.00
50,000. 00
3 25, 000.00 } 20.00 20.00
25,000. 00 100.00 100.00
877
4740
3
100, 000. 00 100.00 100.00
REPORT OP THE COMPTROLLER OF THE CURRENCY
217
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Date
NEW HAMPSHIRE—continued
13247
1310
2240
9001
The Wilton National Bank, Wilton
._
The Indian Head National Bank of Nashua..
The Second National Bank of Nashua
/The White Mountain National Bank of Gor1 ham
Total (11 banks)
Preferred
increase
capital
Percent
of diviPar Sold at dend
value
to be
per
paid
of
shares share on the
par
value
1934
Aug. 4
Aug. 21
$25,000.00 $15. 00
3 100, 000.00 100.00
15.00
1300,000.00
Aug. 29 2 3 300,000. 00 5C.00
4, 260. 00
60.00
•Sept. 15 \ 3 io, 740.00
/
•_
$15. 00
100.00
15.00
50.00
60.00
1,538,000. 00
NEW JERSEY
5215
2257
10712
10376
12022
2246
12033
8627
12037
3996
8267
10787
860
1182
6278
12571
4072
12014
8394
12903
587
10440
13034
12977
11607
7265
6179
12861
13012
12606
12978
12646
13120
8497
11658
8323
4147
10248
The First National Bank of Perth Amboy
The Second National Bank and Trust Company of Red Bank
The Citizens National Bank of Bloomsbury-.The Keansburg National Bank, Keansburg...
The Laurel Springs National Bank, Laurel
Springs
The First National Bank of Clinton
The North Arlington National Bank, North
Arlington
The First National Bank and Trust Company
of Kearny
The Ridgefield National Bank, Ridgefield
The Haddonfleld National Bank, HaddonfieldThe Peoples National Bank of Hacketstown. The First National Bank and Trust Company
of Pompton Lakes
The First National Bank of Washington
1933
Apr. 12
3 300, 000. 00
100. 00
100.00
..do
May
__do
1
3 750, 000. 00
3 60, 000. 00
3 50, 000. 00
100. 00
5.00
100. 00
200. 00
15.00
100. 00
May
June
9
1
3 25, 000. 00
3 50, 000. 00
50.00
12.50
50. 00
37.50
June
3
3 25, 000. 00
25.00
50.00
25.00
10.00
100.00
5.00
50. 00
25.00
100. 00
5.00
June 9
June 20
June 21
June 23
3
s
3
3
150, 000. 00
100, 000. 00
100. 000. 00
100, 000. 00
2 200, 000. 00 10.00
July 6
3 200, 000. 00 100. 00
Aug. 10
1934
Hudson County National Bank, Jersey City_- Jan. 15
1, 500, 000. CO 30.00
50.00
The Marine National Bank of Wildwood
200, 000. 00
Feb. 15
50.00
The First National Bank of Lakehurst
25. 000. 00
Mar. 7
50.00
The Paterson National Bank, Paterson
Apr. 4
1, 000, 000. 00
The City National Bank and Trust Company
100. 00
of Hackensack
Apr. 5
150, 000. 00
Closter National Bank and Trust Company,
80.00
Closter
Apr. 11
100, 000. 00
The Pennsauken Township National Bank of
50.00
25, 000. 00
North Merchantville
Apr. 20
(The National Bank of New Jersey, New [Apr. 21 / i 750, 000. 00 15.00
\ 2 3 500, 000. 00 50.00
\ Brunswick
35. 00
25, 000. 00
May 2
The First National Bank of Minotola
112, 500. 00
50. 00
The Harrison National Bank, Harrison
.__do
20. 000. 00 100. 00
The Woodbine National Bank, Woodbine
May 3
25, 000. 00
25.00
The Memorial National Bank of Collingswood^ May 4
3 15, 000. 00 100. 00
The First National Bank of Williamstown
May 17
200. 000. 00
80.00
The First National Bank of South River
May 22 \ 2 3 50. 000. 00 100. 00
f
74, 500. 00
/The Prospect Park National Bank, Prospect
\
3 500. CO > 50.00
Ldo
\ Park
The Northern Valley National Bank of
100, 000. 00
50. 00
Tenafly
._do
25, 000. 00
25. 00
The Yard ville National Bank, Yard ville
May 24
15, 000. 00
60.00
The First National Bank of Stone Harbor
May 28
25, 000. CO 100. 00
The First National Bank of Hamilton Square. June 7
50,
000.
CO
50.00
The American National Bank of Camden
June 8
73, 500. 00
• 37. 50
The First National Bank of Barnegat
June 12
3 1, 500. 00
Beach Haven National Bank and Trust Com50, 000. 00
25.00
pany, Beach Haven
124, 720. 00
fMerchantville National Bank & Trust Com> 10. 00
June
14
3
280.
00
\ pany, Merchantville
/ i 115, 000. 00
50
The Peoples National Bank of Keyport
June 22 \ 2 3 io, 000. 00 57.
20.00
100, 000. 00 125. 00
The Ventnor City National Bank, Ventnor.. _
Footnotes at end of table.
30.00
300.00
30.00
50.00
50.00
50.00
100. 00
80.00
50.00
15. 00
50.00
35.00
50.00
100.00
25. 00
100. 00
80.00
100. 00
50. 00
50.00
25. 00
60.00
100. 00
50.00
37.50
25.00
10.00
57.50
20.00
125. 00
218
KEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1988, as amended, by the issuance of preferred slock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 81, 1934—Continued
Charter
no.
Title
Preferred
increase
capital
Date
Percent
of dividend
Par
Sold
at
to be
value
per
paid
of
share
on the
shares
par
value
NEW JERSEY—continued
9285
10110
12617
11543
11759
12942
1320
13574
3922
4365
5061
9268
11734
8704
3697
8661
11368
13L36
7223
12621
8779
1222
3501
11446
9597
1346
4254
9498
11361
13363
1459
329
12917
1327
2331
11620
The Merchants National Bank of Cape May_.
The First National Bank of Eatontown
The Atco National Bank, Atco
The Bogota National Bank, Bogota
(Citizens First National Bank and Trust Com\ pany of Ridgewood
The Manville National Bank, Manville
/The Salem National Bank & Trust Company,
\ Salem
First National Bank in Rockaway
/The City National Bank and Trust Company
\ of Salem
The Citizens National Bank and Trust Company of Englewood
The First National Bank and Trust Company
of Summit
The Little Falls National Bank, Little Falls..
The First National Bank of Bordentown
The Woodstown National Bank & Trust
Company, Woodstown
/First National Bank and Trust Company of
Beverly
'The Peoples National Bank of New Brunswick
The First National Bank of Millburn
/The Bergenfield National Bank and Trust
1 Company, Bergenfield
The First National Bank of Cedar Grove
1934
000. 00 $50. 00 $50.00
June 26 if i2 3$100,
25,000.00
50.00 50.00
35, 000. 00
50.00
50.00
...do.....
25,
000.
00
100. 00 100. 00
._.QO
60,
000.
00
50.00
50.00
June 27
400, 000. 00
12. 50
12. 50
[June 28 12 3100, 000. 00
25.00
25.00
20,
000.
00
100. 00 100. 00
...do123, 300. 00
June 29
3 26, 700. 00 > 50. 00 50. 00
i 75. 000. 00
25.00
25.00
.__ao
2 3 25, 000. 00 25.00
25.00
37, 000. 00
20.00
June 30
3 63, 000. 00 • 20. 00
...do—.
300, 000. 00
125. 00
125. 00
...do—
—do—
..do-...
150, 000. 00
125, 000. 00
48, 800. 00
3 1,200. 00
75.00
75.00
100. 00
75.00
75.00
100.00
__do
July
2
•July
July
July
3
5
6
-do—.
The Bridgeton National Bank, Bridgeton
July
The First National Bank of Englishtown
July 10
7
The Oaklyn National Bank, Oaklyn
.-do—.
July 12
The First National Bank of Milford
The Mechanics National Bank of Burlington..
July 17
The Farmers National Bank of Allentown
Audubon National Bank, Audubon
The First National Bank and Trust Company
of Blackwood
_
The Cumberland National Bank of Bridgeton.
The Hopewell National Bank, Hopewell
The Farmers and Merchants National Bank of
Bridgeton
The Dumont National Bank, Dumont
Asbury Park National Bank and Trust Com
pany, Asbury Park
The Union National Bank of Frenchtown
The First National Bank of Paterson
The National Bank of Mantua
/The First-Mechanics National Bank of Tren\ ton—.
The Flemington National Bank and Trust
Company, Flemington
The First National Bank and Trust Company
of Roebling
Footnotes at end of table.
July 18
July 19
July 25
July 26
...do.—
July 27
July 28
July
July
Aug.
Aug.
•Aug.
30
31
1
13
17
50, 000. 00 100. 00
24, 475. 00
3 525. 00 } 75. 00
233,
000. 00
3
17, 000. 00
50.00
150,000. 00
i 70, 000. 00
17.50
2
3 50, 000. 00 50. 00
24, 600. 00
3 400. 00 40. 00
1
100,000.00 100.00
23
50,000. 00 100.00
i 12, 500.00
40.00
23
40.00
5,000. 00
1
30.00
50,000.
00
23
30.00
10,000. 00
100.
00
125,000.00
1
20.00
100,000.00
23
20.00
25,000. 00
/ i 69,000.00 • 50. 00
12 3! 3 1,000.00
30,000.00
50.00
1
40,000.00
15.00
2
3 40,000.00
60.00
100. 00
50.00
17. 50
50.00
40.00
100.00
100. 00
40.00
40.00
30.00
30.00
100.00
20.00
20.00
50. 00
50.00
15.00
60. 00
75,000.00
50.00 50.00
i 350,000. 00 100.00 100.00
50,000. 00 100.00 100.00
3
50,000. 00 100. 00 100.00
23
2
50,000.00
i 50,000.00
3 25,000. 00
300,000. 00
i 100,000. 00
3 50,000.00
750,000. 00
25,000. 00
12,000,000.00
2
31,200,000.00
2
Aug. 18
Aug. 23
100. 00
75. 00
90,000. 00
3
20.00
25.00
25.00
20.00
25.00
25.00
75.00
15.00
15.00
60.00
75.00
10.00
20.00
75.00
15.00
15.00
60.00
75.00
10.00
20.00
18.00
18. 00
50,000.00 100.00 100.00
219
REPORT OF THE COMPTROLLER OP THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Percent
of diviPar Sold at dend
value
to be
per
of
paid
shares share on the
par
value
Preferred
increase
Date
capital
NEW JERSEY—continued
13203
810
10471
2923
12524
13125
4182
12272
9612
5387
12830
3878
860
452
The Third National Bank & Trust Company
of Camden
The Second National Bank of Paterson
The Clayton National Bank, Clayton
The Swedesboro National Bank, Swedesboro..
The Perth Amboy National Bank, Perth
Amboy
The First National Bank of Marlton
The First National Bank of South Amboy
The First National Bank of Washington
The First National Bank of Freehold
NEW MEXICO
6081
6597
8348
/
\
/
\
$50,000.00 $35.00
244, 233. 32
3
5, 766 68 } 50.00
25,000.00 100.00
i
50,000.
00
10.00
2
3 25,000 00 10 00
$35.00
50.00
100.00
10.00
10 00
16%
18.00
50.00
16%
18.00
50.00
60.00
70.00
125, 000. 00
. . do
f i 15,000. 00
. . . d o . . . _ \ 2 3 14, 500. 00
Sept. 13 / 3 31, 700. 00 }
\
18, 300 00
25, 000.00
Sept. 17
The Central National Bank of Freehold
The First National Bank of Wyckoff
The Citizens National Bank and Trust ComSept. 18
pany of Cal dwell
The Penn's Grove National Bank and Trust
Sept. 19
Company, Penn's Grove
The First National Bank of Springfield
_. Sept. 28
Total (90 banks)
7720
7043
1934
Aug. 27
Aug. 28
Sept. 1
Sept. 12
5
2
4
1 4
None
4
4
20.00
20.00
4
50,000. 00 125 00
25,000.00
40.00
[f i 124,400. 00 [ 50.00
Oct. 15 \\
13 600.00
[2 3 100,000. 00
50.00
3
150, 000.00
10.00
Oct. 18
Oct. 30 r 1200, ooo. oo 20.00
20.00
\ 2 3 25,000.00
17, 259, 500. 00
-
125. 00
40.00
50.00
50.00
20.00
20.00
20.00
4
4
6
14
25
1933
M a y 20
July 28
1934
Apr. 13
The First National Bank of Santa Rosa
The First National Bank of Belen
_ _ __ June 15
Aug. 21
The First National Bank of Elida
The First National Bank of Las Cruces
The First National Bank of Artesia
150, 000. 00
60.00
70.00
4
4
4
i2 4
3
14
26
50,000. 00
50,000.00
100.00
100.00
100. 00
100. 00
6
6
25, 000.00
25,000. 00
10,000. 00
100.00
50.00
100. 00
100. 00
50.00
100. 00
5
4
4
160,000. 00
Total (5 banks)
NEW YORK
9825
8398
10816
2468
5648
893
11742
8794
10111
4988
9900
6482
5196
1264
S0856
12496
5605
12550
The Yonkers National Bank and Trust Company, Yonkers
_
__
The Peekskill National Bank and Trust Company, Peekskill
The First National Bank of Lisle
The Briggs National Bank & Trust Company
of Clyde
The First National Bank of Caledonia
Saratoga National Bank of Saratoga Springs
The Port Leyden National Bank, Port Leyden
The First National Bank of Islip
The First National Bank of Newark Valley.._
The Citizens National Bank of Wellsville
The Ticonderoga National Bank, Ticonderoga.
The First National Bank of Remsen
The First National Bank of Way land
The National Bank of Vernon
The West Chester County National Bank of
Peekskill
The Athens National Bank, Athens
The First National Bank of Narrowsburg
The First National Bank of Hermon
The Jamaica National Bank of New York,
Jamaica
Footnotes at end of table.
1933
Mar. 29
3 400,000. 00
20.00
40.00
6
Apr. 3
Apr. 4
3 100,000. 00
3 30,000.00
50.00
10.00
200. 00
30.00
6
6
Apr. 20
Apr. 24
-do.—
3 100,000. 00
3 150,000.00
3100,000. 00
10.00
100.00
1.00
35.00
100. 00
5.00
6
May 1
100.00
10.00
10.00
100.00
10.00
100. 00
100.00
25.00
240.00
25.00
20.00
125.00
25.00
200.00
200.00
50.00..
6
6
3
6
6 .
6"
6 .
6.
10.00
50.00
10,001 25.00
100.00 200.00
10.00
21.60
May
May
May
May
May
May
2
3
8
10
12
13
3 25,000.00
3 100,000.00
3 25,000. 00
3 100,000.00
3 100,000. 00
3 31,500.00
3 50,000.00
3 62,500.00
May
May
May
May
16
19
22
27
3 500,000. 00
3 50,000.00
3 62,500. 00
3 50,000.00
do
__do
3 225,000.00
50.00
100.00
6
6
6 :
6
6
6
220
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1938, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
NEW YORK—continued
The First National Bank of Spring Valley
The First National Bank of Falconer
The First National Bank of Heuvelton
The May brook National Bank, Maybrook
The Citizens National Bank of Port Henry...
First National Bank in Highland Falls
The National Chautauqua County Bank of
Jamestown
_.
13559 First National Bank in Montgomery
2472 The First National Bank of Salamanca
5390
5407
10446
11927
4858
13567
8453
1461 The National City Bank of New York
12574 The Peoples National Bank and Trust Com1040
7678
202
2370
12503
pany of White Plains
The First National Bank <fe Trust Company of
Saugerties
The National Bank of Roxbury...
The First National Bank of Binghamton
The Chase National Bank of the City of New
York
The First National Bank of Merrick
The Rye National Bank, Rye
12892 Lafayette National Bank of Brooklyn in New
10155
255
10235
639
1275
6371
6964
13260
7512
5928
York....
The Wallkill National Bank, Wallkill
First and Second National Bank and Trust
Company of Oswego
_
The Bath National Bank, Bath
Niagara County National Bank and Trust
Company, Lockport
The Cambridge Valley National Bank, Cambridge
The Irvington National Bank and Trust Company, Irvington
Lackawanna National Bank, Lackawanna
The National Safety Bank and Trust Company of New York
The First National Bank of Sharon Springs....
The First National B ank of Walcott
5068 The First National Bank of Port Jefferson
4495 The First National Bank and Trust Company
11649
1189
11243
7878
9990
10175
721
10159
1363
929
10109
Preferred
increase
capital
Date
1933
June 1
do.
July 25
July 29
July 31
Aug. 1
3 $100,000.00
3 50,000.00
3 49,000.00
3 25,000. 00
3 135,000.00
3 75,000.00
Aug. 25
Nov. 21
Nov. 24
3 625,000. 00
3 40,000.00
25,000.00
25.00
10.00
10.00
100.00
40.00
10.00
1934
Jan. 13
50,000,000.00
20.00
20.00
Jan. 20
200,000.00
25.00
25.00
100,000.00
' i 50,000.00
2 3 50,000.00
500,000.00
/46, 222,160. 00
Mar. 15 \3 3,777,840. 00
i 50, 000. 00
Mar. 16 /
5 50,000.00
f / i 248, 200.00
Mar. 17 U i s 1,800.00
I2 3 275, 000. 00
50.00
50.00
50.00
80.00
20.00
5.00
50.00
20.00
20.00
50.00
50.00
50.00
80. 00
20.00
5.00
50.00
20. 00
20. 00
50.00
50.00
Feb. 12
Feb. 17
Feb. 27
Mar. 31
Footnotes at end of table,
$25. 00 $75.00
100.00 300. 00
10.00 20.00
10.00 60.00
100. 00 200.00
7.50
7.50
500,000.00
48,950. 00
a i, 050. 00
} 50. 00 50.00
4
200,000. 00
f i 40,000.00
\ 2 3 io, 000. 00
25.00 25. 00
25.00 25.00
100.00 100.00
6
200, 000.00
47,400. 00
3 2, 600. 00
99,625.00
3 375. 00
50,000.00
25.00 25.00
> 25. 00 25. 00
300,000. 00
3 25,000.00
47, 200. 00
3 300.00
14,800.00
3 35, 200. 00
79,160.00
3 20,840.00
21,220.00
3 3,780.00
500,000.00
15,000. 00
20,000. 00
12.50 12.50
100. 00 100. 00
Apr.
3
Apr.
Apr.
Apr. 12
Apr. 14
Apr. 30
May 1
May 14
May 15
of Walton
May 22
May 23
The First National Bank of Milton
The City National Bank of Binghamton
May 28
The National Bank of Andes...
...do.__.
May 31
The First National Bank of Downsville
The Central Valley National Bank, Central
Valley.
_
_
...do..-.
The First National Bank of Lacona.
June 8
The Manufacturers National Bank of Troy... June 9
The First National Bank of Silver Creek
June 14
The National Bank and Trust Company of
Port Jervis..
June 15
The National Union Bank of Kinderhook
June 19
The First National Bank of Central Square.-. ...do
Percent
of diviPar Sold at dend
value
to be
paid
of
on the
shares
par
value
/
3 50,000 00
i 80,000.00
2 3 45,000.00
1,000,000. 00
50,000. 00
123, 650. 00
3 1,350.00
50,000. 00
68,520. 00
3 6, 480.00
> 12.50 12.50
100. 00 100.00
> 50. 00 50.00
> 50.00
50.00
\ 40. 00
40.00
> 70. 00
100. 00
30.00
50.00
70.00
100. 00
30.00
50.00
10.00
25.00
50.00
25.00
8.00
\ 90. 00
50.00
\ 10.00
10.00
25. 00
50.00
25.00
8.00
90.00
50.00
10. 00
EEPO&T OF THE COMPTROLLER OP THE CURRENCY
221
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
Date
13229
12551
NEW YORK—continued
1934
The Williston National Bank of Williston Park. June 19
The Harbor National Bank of Port Washington
.do..
The National Bank of Wyoming
June 20
/
The First National Bank of Cutchogue
June 22
12586
The First National Bank of Cairo
13124
13310
1122
1298
2378
5299
_.. June 23
The Canajoharie National Bank, Canajoharie. June 25 \
The National Bank of Schuylerville—
...do
The Nyack National Bank and Trust Company, Nyack
-. .do..
The First National Bank of Holland Patent.. ..do-
The Exchange National Bank of Olean
/City National Bank and Trust Company of
9305
Gloversville
10948 The Croghan National Bank, Croghan
13336 The Fort Greene National Bank in New York.
2376
3186
8531
1347
2657
3681
6198
12449
13006
13105
1178
2471
2755
10923
13143
5936
10477
13246
292
1335
2651
4962
9434
11785
1416
8893
9516
11657
The Homer National Bank, Homer
[The St. Lawrence County National Bank of
\ Canton
The National Bank of Cohoes
The Watertown National Bank, Watertown..
The First National Bank of Edmeston
fStaten Island National Bank & Trust Com\ pany of New York
/The First National Bank & Trust Company
k of Floral Park
The Stewart National Bank of Livonia
Preferred
increase
capital
$25,000.00
$50.00
$50.00
25,000.00
25,000.00
2,880.00
3 7,120.00
24, 650.00
3 350.00
85, 275. 00
3 H4,725.00
40,000.00
50.00
25.00
50.00
25.00
[ 80.00
80.00
t 50.00
50.00
> 25.00
100.00
25.00
100.00
100.00
> 12.50
100.00
12.50
> 35.00
35.00
450,000.00
28,000.00
3 12,000.00
496, 605.00
June 26
3 3, 395.00
173,230.00
}-do
3 76, 770.00
50,000.00
do.
150,000.00
—do
170,000.00
13
5,000.00
June 27
3 25,000.00
48,000.00
}._do
3 2,000.00
200,000.00
June 28
200,000.00
...do
3 50,000.00
_._do
249,000.00
3 1,000.00
Jjune 29
98,800.00
3 1, 200.00
__do
i 75,000.00
—do.—. \ 2375,000.00
/
98, 350.00
I
3 i, 650.00
—do
College Point National Bank of New York
/Citizens National Bank and Trust Company
125,000.00
[June 30
\ of Fulton
268,325.00
/The Peoples-First National Bank of Hoosick
do
3 31, 675.00
1 Falls
35,000.00
The Union National Bank of Franklinville
_do_.
/The First National Bank and Trust Company
50,000.00
\ of Walden
.do..
49, 375.00
The First National Bank of Glen Cove
-do3 625.00
The First National Bank and Trust Company
50,000.00
July 5
of Northport
40,000.00
__do
The First National Bank of Sparkill.._
50,000.00
...do.....
The First National Bank of Bolivar
i 50,000.00
/The First National Bank and Trust Company July 6
3
25,000.00
. of Baldwinsville
/ 100,000.00
The Farmers National Bank of Amsterdam... __do
{2
3100,000.00
c
i 100,000.00
2 3 25,000.00
The First National Bank of Richfield Springs. __do
34, 720.00
3 280.00
The Schenevus National Bank, Schenevus— - d o - . . . . I
/ i 50,000.00
—do
I
2
3
15,000.00
The Farmers National Bank of Deposit
47,360.00
3 2, 640.00
The First National Bank of New Hartford.... __do
100,000.00
3 20,000.00
Genesee River National Bank of Mt. Morris.. July 7
50,000.00
-do
The First National Bank of Chateaugay
60,000.00
-do
The Unadilla National Bank, Unadilla
25.000.00
-do
The Hartwick National Bank, Hartwick
Footnotes at end of table.
Percent
of diviPar
dend
value Sold at to be
of
per
paid
shares share on the
par
value
• 18.00 18.00
25.00 25.00
40.00 40.00
• 50.00 50.00
50.00 50.00
100.00 100.00
100.00 100.00
40.00 40.00
80.00 80.00
50.00
50.00
75.00
75.00
9.00
50.00
9.00
50.00
50.00
50.00
12.50
25.00
50.00
12.50
25.00
50.00
50.00
25.00
50.00
25.00
50.00
80.00
40.00
12.50
25.00
30.00
30.00
80.00
100.00
35.00
50.00
100.00
80.00
5.00
5.00
66%
100.00
80.00
50.00
80.00
40.00
12.50
25.00
30.00
30.00
80.00
100.00
35.00
50.00
100.00
80.00
5.00
5.00
66%
100.00
80.00
222
REPORT OF THE COMPTROLLER OF THE
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Percent
of divi-
Charter
no.
Title
Date
Preferred
increase
capital
Par
dend
value Sold at to be
per
of
paid
shares share on the
par
value
NEW YORK—continued
1226
12535
4497
9019
10046
1212
13326
5108
9977
12548
12997
976
1323
2916
11603
12884
1345
3817
13004
7679
10964
3696
8920
8834
3166
9219
7774
1934
The Mohawk National Bank of Schenectady.. July 9
The Pittsford National Bank, Pittsford
—do.—.
("The Bensonhurst National Bank of Brooklyn fJuly 10
I in New York
July 11
The National Bank of Hobart
...do
The National Bank of Fredonia
July 16
The Hamlin National Bank of Holcomb
The National Mohawk River Bank of Fonda. July 17
/The Roslyn National Bank & Trust Com- •--do
\ pany, Roslyn
The First National Exchange Bank of Clayton- July 19
July 20
Glen National Bank of Watkins
The Central National Bank of New Rochelle.. July 24
/The Franklin Square National Bank, Frank- July 26
\ lin Square..
County National Bank of Carmel July 27
T hhe Putnam
~ •
...do
The Delaware National Bank of Delhi
The Lake Shore National Bank of Dunkirk... — d o —
/The Peoples National Bank and Trust Com- }-do
pany of Lynbrook
The First National Bank of Sherrill
...do
The National Bank of Auburn
July 31
/The Canandaigua National Bank and Trust k.do
Company, Canandaigua
$300,000.00
i 25,000.00
2 3 25,000.00
84,000.00
3 16,000.00
25,000.00
50,000.00
i 50,000.00
2 3 10,000.00
100,000.00
i 50,000.00
a 3 10,000.00
100,000. 00
3 50,000.00
1 150,000.00
2 3 100,000.00
i 50,000.00
2 3 50,000.00
50,000.00
1
100,000.00
2 3 40,000.00
175,000. 00
i 75,000.00
2
3 75,000.00
i 25,000.00
I 2 3 25,000.00
300,000.00
i 150,000.00
3 150,000. 00
48,460. 00
The Endicott National Bank, Endicott
...do
3 1, 540.00
1
20,000.00
The First National Bank of Whitney Point..- Aug. 2
2 3 5,000.00
The First National Bank of Old Forge
50,000.00
..do
1
120,000.00
Aug. 3
The First National Bank of Canton
I 2 3 40,000.00
The Citizens National Bank and Trust Com- -_do
59, 500.00
3 40, 500.00
L pany of Oneonta
i 50,000. 00
The First National Bank of Marlboro
Aug. 4
3 35,000.00
125,000.00
The National Bank of Westfield
Aug. 10
3 75,000.00
The Peoples National Bank of Brooklyn in • - d o —
261, 200.00
New York
3 38,800.00
i 29, 900.00
The Otselic Valley National Bank of South JAug. 13
i 3 100. 00
. Otselic
2
3 10,000.00
1
25,000.00
The Mahopac National Bank, Mahopac
Aug. 16
2
3 35,000.00
The National Bank of Stamford
Aug. 20
50, 000. 00
$10.00 $10.00
5.00
5.00
5.00
5.00
} 50.00 50.00
50.00 50.00
70.00 70.00
12.50 12.50
10.00 10.00
50.00 50.00
20.00 20.00
20.00 20.00
100. 00 100. 00
100.00 100. 00
10.00 10.00
10.00
10.00
20.00 20.00
50.00 50.00
50.00 50.00
40.00 40.00
100.00 100.00
125.00 125. 00
40.00 40.00
50.00 50.00
40.00 40.00
100.00 100. 00
100. 00 100.00
40.00 40.00
40.00 40. 00
} 35. 00 35. 00
100. 00 100. 00
100.00 100.00
125.00 125.00
30.00 30. 00
40.00 40.00
}l00. 00 100.00
40.00 40.00
70.00 70. 00
50.00 50.00
100. 00 100.00
} 50.00 50. 00
75, 000. 00
100,000.00
35,000.00
1
50,000.00
2
3 50,000.00
i 65,000.00
2 3 25,000.00
i 50,000.00
2
3 37, 500.00
102,000. 00
3 48,000. 00
20,000.00
15.00 15.00
100. 00 100.00
125.00 125.00
50.00 50.00
100. 00 100. 00
40.00 40.00
40.00 40.00
40.00 40.00
50.00 50.00
} 75.00 75.00
80.00 80.00
13121
2602
5360 National Bank and Trust Company of Skane_do_.
10185 The First National Bank of Southampton
Aug. 21
5178 The First National Bank of Addison
Aug. 25
2661 The Millerton National Bank, Millerton
Aug. 28
2233
The Merchants National Bank of Whitehall. _
2543 The First National Bank of Bainbridge
National Bank and Trust Company of
2827 .Second
Cortland
13314 Nanuet National Bank, Nanuet.
Footnotes at end of table.
Aug. 29
Aug. 30
Aug. 31
..do.....
} 20. 00 20.00
20.00
20.00
20.00
25.00
20.00
20.00
20.00
25.00
EEPOET OP THE COMPTROLLER OF THE CURRENCY
223
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Percent
of divi-
Char
ter
no.
Title
Date
Preferred
increase
capital
Par
dend
value Sold at to be
of
paid
shares share on the
par
value
2151
NEW YORK—continued
The Wilber National Bank of Oneonta..
8334
The Tottenville National Bank, Tottenville.
4870
The First National Bank of Morris
10258
3193
The Silver Creek National Bank, Silver Creek_
The First National Bank of Marathon
/The Suffolk County National Bank of River-
4230 l head
5210 The Milford National Bank, Milford
10546 The First National Bank of Marion
The Evans National Bank of Angola..
11583
The First National Bank of Tully
5746
5867
8613
6694
10029
10444
13563
The Gainesville National Bank, Gainesville—_
The First National Bank of Hancock
Ilion National Bank and Trust Company, Ilion
(The First National Bank and Trust Com1 pany of Massena
(The First National Bank and Trust Company
I of Bay Shore
The First National Bank of Forestville
First National Bank in Sidney
12017
The First National Bank of Highland
The First National Bank of Candor
The First National Bank of Hamden
10295
The Hayes National Bank of Clinton
11912
The Citizens National Bank of Lancaster
5336
353
The First National Bank of Middleburgh
The First National Bank of Glens Falls
11511 The Tinker National Bank of East Setauket..
13104 (The West Hempstead National Bank, West
1 Hempstead
1392 (The Oneida National Bank and Trust Com-
l
2272
panyofUtica
The National Bank of Cortland
1019
The First National Bank of Owego
The National Bank of Lake Ronkonkoma..
The Sherburne National Bank, Sherburne
/United
National Bank of Long Island in New
13242 I York
12460 The First National Bank of Inwood—
13404 The Central National Bank of Mineola
13130
Footnotes at end of table.
1934
/ $190,000.00
3 io, 000.00 |$125.00 $125.00
/i 149, 300.00
33 H
. - d o . — . \ 13 700.00 } 33H
2 3 25,000.00 100.00 100.00
33, 687. 50
87.50
Sept. 4
3 1, 312. 50 } 87.50
10.00
i 75,000. 00 10.00
Sept. 5
2 3 25,000. 00 10.00
10.00
21, 750. 00
50.00
Sept. 11
3 3, 250.00 } 50.00
50,000. 00
3 75,000. 00 }l25.00 125.00
30.00
i 25,000.00
30.00
-_do
\ 2 3 40,000.00 100.00 100.00
60,000. 00 100.00 100.00
/ i 24, 800.00
} 20.00 20.00
Sept. 13 t 13 200.00
30.00
30.00
2 3 15,000.00
1 40,000.00
25.00
25.00
Sept. 17
2 3 5,000. 00 20.00
20.00
i 35,000.00
35.00
35.00
.-do—2 3 20,000.00
80.00
80.00
50, 000. 00 80.00
__do
80.00
1 150,000.00
50.00
Sept. 18 \ 2 3 15,000.00 50.00
40.00
40.00
/ i 100,000.00
75.00
75.00
" 30,000.00
75.00
75.00
49,440.00
80.00
]
80.00
i 3 560. 00
•Sept. 19
2 3 25,000. 00 100.00 100.00
20,000. 00 50.00
__do
50.00
74,500. 00 } 25.00
25.00
Sept. 22
3 500.00
29, 000. 00 } 20.00
20.00
Sept. 24
3 46,000. 00
Sept. 27
310,000.00 100.00 100.00
23,000.00 } 80.00
80.00
Sept. 28
3 2,000.00
90.00
90.00
i 90,000.00
Oct. 1
2 312,000.00
48.00
48.00
1 100,000.00
30.00
30.00
Oct. 2
2 3 20,000. 00 30.00
30.00
/ i 49,000.00 } 40.00
40.00
Oct. 3
11 3 1,000.00
40.00
40.00
2 3 30,000.00
575,000. 00 | 62.50
62.50
Oct. 8
3 50,000.00
—do
3 15,000.00 100.00 100.00
50.00
50.00
i 35,000.00
50.00
50.00
2 3 10,000.00
198,375.00 } 25. 00
25.00
Oct. 10
3 1,625. 00
84,625. 00 }l25. 00 125. 00
Oct. 12
3 15,375. 00
45,000. 00 }l00. 00 100. 00
Oct. 13
3 5,000.00
i 20,000.00
..do—.. \ 2 3 20,000.00 40.00
40.00
Oct. 16
50, 000.00
80.00
80.00
Sept. 1
}._do
50,000.00
__do
i 75,000 00
Oct. 18 \ 2 3 50,000.00
...do.....
25,000.00
10.00
30.00
50.00
80.00
10.00
30.00
50.00
80.00
14
24
4
14
25
4
14
24
4
14
25
14
24
i 4
26
4
14
26
14
24
14
25
4
4
5
4
14
25
14
24
14
25
4
4
14
26
4
14
4
14
2 4
4
224
BEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1983, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1984—Continued
Charter
no.
Title
NEW YORK—continued
Date
1887
The First National Bank of Olean
1934
Oct. 19
8833
The First National Bank of Lindenhurst
...do—-
12746
The Chappaqua National Bank, Chappaqua
Oct.
12992
The First National Bank of Ardsley
...do.....
The National Bank of Watervliet
Oct.
1265
20
23
First National Bank & Trust Company of ..do—
10525 \f The
Tuckahoe...
7699 Glens Falls National Bank and Trust Com- •Oct. 24
pany, Glens Falls
10358 The Babylon National Bank & Trust Com4482
12900
7255
pany, Babylon
[The Merchants and Farmers' National Bank
\ of Dansville
The National Bronx Bank of New York
The Washington County National Bank of
Granville
...do—-.
-Oct. 29
...do
Oct.
31
Total (183 banks)
Preferred
increase
capital
Percent
of diviPar Sold at dend
to be
value
per
of
paid
shares share on the
par
value
1 $300,000.00 $100. 00 $100.00
2 3 100,000.00 100. 00 100.00
i 75,000. 00
37.50
37.50
2 3 25,000. 00
50.00
50.00
i 17, 500.00
9.00
9.00
2 3 17, 500. 00 12.50
12.50
50.00
i 25,000. 00
50.00
2 3 10, 000. 00 50.00
50.00
50.00
1 150,000.00
50.00
50.00
2 3 40, 000.00
50.00
f i 198,460. 00
4.00
t i 3 1, 540. 00 • 4.00
2 3100, 000.00
5.00
5.00
350,000. 00
3 50, 000. 00 •100.00 100. 00
50, 000. 00
1 150, 000. 00
2 3 15.000. 00
400,000.00
100. 00
60.00
100. 00
19.00
100. 00
60.00
100. 00
19.00
150, 000.00
75.00
75.00
122,752,500.00
NORTH CAROLINA
4628 The First & Citizens National Bank of Eliz
abeth City
2981 The First National Bank of Salisbury
6776 The First National Bank of Shelby
13657 The Depositors National Bank of Durham
12259 The First National Bank of Leaksville
5055
The Charlotte National Bank, Charlotte..
The Citizens National Bank of Durham __
13636 First National Bank in Henderson
9531 The First National Bank of Mooresville.11229 First National Bank of Reidsville
Total (10 banks)
1933
Apr.
June
June
Dec.
1
14
26
30
3 115,000.00
3 25,000.00
250,000.00
200,000.00
100.00
10.00
100.00
10.00
100.00
15.00
100.00
10.00
1934
June 18
June 29
Aug. 27
..do
Sept. 7
Sept. 13
10,000.00
250,000.00
i 40,000.00
2 3 10,000.00
50,000.00
50,000.00
50,000.00
50.00
50.00
75.00
100. 00
50.00
75.00
50.00
50.00
50.00
75.00
100.00
50.00
75.00
50.00
1,050,000.00
NORTH DAKOTA
2377 The First National Bank and Trust Company
of Fargo
2585 The First National Bank of Mandan
__
3400 First National Bank of Hillsboro
4552 The Citizens National Bank of Wahpeton
13385 The American National Bank and Trust
Company of Valley City
6429 First National Bank in Minot
_.
3096 The Grafton National Bank, Graf ton
2580 The James River National Bank and Trust
Company of Jamestown
11378 The First National Bank of Napoleon
.
12026 The Dakota National Bank of Fargo
13398 The Dakota National Bank & Trust Company
of Bismarck..
11712
The First National Bank of Wilton
7905 The Farmers and Merchants National Bank of
Hatton.—
11599 The First National Bank of Thompson
Footnotes at end of table.
1934
Mar. 13
Mar. 15
600,000.00
200,000.00
100,000.00
50,000.00
Mar. 19
Mar. 26
50,000.00 100.00 100.00
200,000.00 100.00 100.00
50,000.00 100.00 100.00
Mar. 27
May 1
...do
150,000.00 100.00 100.00
20,000.00 100.00 100.00
150,000.00 80.00 80.00
May 8
May 29
25,000.00 100.00 100.00
10,000.00 80.00 80.00
June 30
...do
15,000.00 100.00 100.00
15,000. 00 75.00 75.00
_.do
100.00 100.00
100.00 100.00
100.00 100.00
100.00 100.00
225
EEPORT OP THE COMPTROLLER OP THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of I
ness Oct. 31, 1934—Continued
Charter
no.
Title
Date
NORTH DAKOTA—continued
12875
6398
9590
13324
13344
2434
8976
Total (21 banks)
419
715
3234
786
4842
10373
829
56
90
7639
7744
5828
365
6249
2036
3505
7596
9518
36
4318
3721
5427
11275
3315
10692
2500
7745
973
9211
7001
2160
12347
1989
3565
350
7235
11573
2479
1934
June 30
July 11
July 25
Aug. 27
Aug. 30
Sept. 6
The National Bank in Wahpeton
The First National Bank of Ellendale..
The First National Bank of Linton
First National Bank of Valley City
The National Bank of Jamestown
The First National Bank of Bismarck..
The First National Bank of Bowman..
-
Preferred
increase
capital
Percent
of diviPar Sold at dend
value
to be
per
of
paid
shares share on the
par
value
1 $25,000.00
2 3 20,000.00
25,000.00
10,000.00
50,000.00
50,000.00
100,000.00
25,000. 00
$25.00
50.00
100.00
100.00
25.00
25.00
100. 00
100. 00
$25.00
50.00
100.00
100.00
25.00
25.00
100.00
100. 00
100.00
100.00
100.00
30.00
100. 00
125.00
100.00
30.00
1,940,000.00
1933
3 50,000.00
May 17
3 30,000.00
May 18
3 30,000.00
May 22
July 21 4,000,000.00
1934
The Old Phoenix National Bank of Medina-. Jan. 4
100,000.00
The Central National Bank of London
Feb. 19
50,000.00
f
1300,000.00
Mar. 6 {2 3 120,000. 00
The Second National Bank of Hamilton
The First National Bank and Trust Company [Mar. 9 / 1500,000.00
,. of Hamilton
\ 2 3 100,000.00
The First National Bank of Upper Sandusky. Mar. 12
52,500. 00
The First National Bank of Baltimore
Mar. 13
25,000. 00
The Athens National Bank, Athens
Mar. 14
100,000.00
The First National Bank of Wadsworth....
Mar. 17
25,000.00
The First National Bank of Wilmington
Mar. 31
50,000.00
Apr. 10
The First National Bank of Burton
25,000.00
The Vinton County National Bank of
May 11
McArthur
3 25,000.00
May 18
25,000.00
The Kenton National Bank, Kenton
25,000.00
The First National Bank of Utica
May 24
115,000.00
The Farmers National Bank of Seven Mile...
2
3
10,000.00
May 29
f The First National Bank and Trust Company
199,000.00
3
11,000.00
\ of Findlay
j-June 13
/ 7,929,008.00
Central United National Bank of Cleveland3
70,992.00
...do
300,000.00
Alliance First National Bank, Alliance
June 22
50,000.00
The City National Bank of Tiffin
June 23
i 150,000.00
3 50,000.00
...do
The Citizens National Bank of Norwalk
150,000.00
June 25
The Tiffin National Bank, Tiffin
The Brown County National Bank of Mt. June 29
3 25,000.00
Orab
The First Commercial National Bank of
50,000.00
July 3
Kenton
The Huntington National Bank of Columbus July 7 / 1,456,400.00
3 43, 600.00
The Farmers National Bank of Salem
75,000.00
July 10
The First National Bank of New Paris
10,000.00
...do
The First National Bank of Greenwich
10,000.00
{The National Exchange Bank and Trust July 17
299,300.00
\ Company of Steubenville
3 700.00
[July 20
97,840.00
The First National Bank of Rocky River
3
July 23
2,160.00
The Quaker City National Bank, Quaker City. July 30
50,000.00
The First National Bank of Wellston
Aug. 16
50,000.00
Aug. 20
100,000.00
The Second National Bank of Ravenna
...do—.. /1 2115,000.00
The First National Bank of Amesville
3 5,000.00
Aug. 25
30,000.00
The Citizens National Bank of Bluffton.—
480,000.00
Aug. 27
The Second National Bank of Warren
3 20,000.00
The First National Bank of Galion
The First National Bank of Batavia...
The Milford National Bank, Milford—
The National City Bank of Cleveland.
Footnotes at end of table.
100.00 100.00
50.00 50.00
50.00 50.00
40.00 40.00
40.00 40.00
40.00 40.00
50.00 50.00
50.00 50.00
80.00 80.00
40.00 40.00
125. 00 125.00
100.00 100.00
100.00 100.00
62.50 62.50
100.00 100.00
50.00 50.00
100.00 100.00
> 20.00
20.00
> 16.00 16.00
100. 00 100.00
62.50 62.50
30.00 30.00
100.00 100.00
60.00 60.00
100.00 100.00
40.00 40.00
400.00 100. 00
120.00 120.00
62.50 62.50
100.00 100.00
> 50.00 50.00
> 80.00 80.00
80.00 80.00
62.50 62.50
62.50 62.50
60.00 60.00
100.00 100.00
75.00 75.00
33H
226
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Char'
ter
no.
Title
OHIO—continued
12008
2604
5828
11831
5634
2034
5100
1788
652
4842
6322
8228
911
13198
2350
2678
The Community National Bank of Flushing-.
The Winters National Bank and Trust Company of Dayton
The First National Bank of Wadsworth
• The National City Bank and Trust Company
\ of Marion
The Citizens National Bank of Chillicothe
The First National Bank of Garrettsville
.
The Franklin National Bank, Franklin
/The Merchants National Bank and Trust
Company of Dayton
The Kent National Bank, Kent
The Old Phoenix National Bank of Medina-..
The First National Bank of Norwood
The First National Bank of Harrison
The First National Bank of Barnesville
The National Bank of Adams County of
West Union
The Mahoning National Bank of Youngstown(The Third National Bank and Trust Com1 pany of Dayton
Fotal (54 banks).
12591
12155
5206
11052
12093
6306
12081
10209
4385
7238
12074
12158
4862
13480
12302
12157
7892
5911
9888
10020
12016
11052
5252
5171
10566
Date
1934
Sept. 1
Sept.
Sept.
Sept.
Sept.
Oct.
__do.
Oct. 2
Oct.
Oct.
Oct. 12
Oct.
Oct.
...do.
Oct.
}0ct.
Preferred
increase
capital
$15,000.00
Percent
of diviPar
dend
value Sold at to be
paid
of
shares share on the
par
value
$75.00
60.00
40.00
40.00
100.00
100.00
62.50
50.00
50.00
100.00
100.00
75.00
8.00
10.00
33^
125.00
10,000.00 100.00
482,450.00
3 17, 550.00 - 50.00
399,200.00 } 16.00
3 800.00
100.00
50.00
Footnotes at end of table.
16.00
20, 262,500.00-
1933
1600,000.00 100.00
The Liberty National Bank of Oklahoma City. Aug. 18
. 2 3 500,000.00 100.00
1934
The First National Bank in Ada
Jan. 15
50,000. 00 50.00
Altus National Bank, Altus
Jan. 31
50,000. 00 50.00
Feb. 5
The First National Bank of Stillwater
50,000. 00 50.00
Feb. 6
The First National Bank of Tipton
12, 500. 00 25.00
Feb. 8
25,000.00 50.00
The Farmers National Bank of Elk City
Feb. 13
12, 500. 00 50.00
The First National Bank of Stroud
Mar. 20
12, 500. 00 50.00
The Helena National Bank, Helena
Mar.
21
12,
500 00 50.00
The Farmers and Merchants National Bank of
Hennessey.
The First National Bank and Trust Company Apr. 13
200,000.00 100.00
of Muskogee.
The Liberty National Bank of Weatherford__. Apr. 21
25,000. 00 100. 00
The State National Bank of Weleetka
May 1
15,000. 00 50.00
The Central National Bank of Poteau
May 18
12,500. 00 50.00
The First National Bank and Trust Com- June 11
2, 500, 000. 00 10.00
pany of Oklahoma City.
The Fourth National Bank of Tulsa
June 14
200,000.00 20.00
Cordell National Bank, Cordell
June 30
20,000. 00 32.00
1
35, 000. 00 25.00
City National Bank in Norman
July 3
2 3 12, 500.00 25.00
/The Pauls Valley National Bank, Pauls [July 12
1 25,000. 00 25.00
\ Valley.
2 3 20,000. 00 50.00
The First National Bank of Cleveland
.. July 18
25,000. 00 100.00
The First National Bank of Heavener
July 19
10,000. 00 72.00
The First National Bank of Geary
Aug. 21
12, 500. 00 62.50
/The Fidelity National Bank of Oklahoma [Aug. 22
1 250,000.00 40.00
I City.
2 3 50,000.00 50.00
The First National Bank of Tipton
Aug. 24
12,500.00 25.00
The First National Bank of Miami
Sept. 10
150,000.00 125. 00
The First National Bank and Trust Com- Sept. 25
1, 250,000. 00 20.00
pany of Tulsa.
The First National Bank of Hooker.__
Oct. 9
15,000.00 75.00
Total (26 banks)
$75.00
60.00
900,000.00
40.00
25,000.00
40.00
U00,000.00
2 3 50,000.00 100.00
3 50,000.00 100.00
18,000.00 > 62.50
3 7,000.00
50,000.00
50.00
1250,000.00
50.00
2 3 50,000.00 100.00
100,000:00 100.00
50,000.00
75.00
1150,000.00
8.00
2 3 50,000.00
10.00
25,000.00
33H
75,000.00 125.00
6,165,000.00
100.00
100. 00
50.00
50. 00
50. 00
25. 00
50. 00
50. 00
50. 00
50. 00
100. 00
100. 00
50. 00
50. 00
10.00
20.00
32.00
25.00
25.00
25.00
50.00
100.00
72.00
62.50
40.00
50.00
25.00
125.00
20.00
75.00
REPORT OF THE COMPTROLLER OP THE CURRENCY
227
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
4301
9423
11801
7167
11121
8955
10345
7475
8036
8556
8554
7272
10071
9917
3399
Title
First National Bank of Corvallis
The Douglas National Bank of Roseburg
The American National Bank of Klamath
Falls.
The First National Bank of Klamath Falls....
The Commercial National Bank of Lakeview.
The Roseburg National Bank, Roseburg
The United States National Bank of Eugene..
The First National Bank of Coos Bay at
Marshfield.
The First National Bank of Forest Grove
The First National Bank of Oregon C ; ty
The Forest Grove National Bank, Forest
Grove.
The First National Bank of Hood River
Preferred
increase
capital
Date
1934
Mar. 28
Apr. 5
...do
$85,000. 00 $100.00 $100.00
50, 000.00 100.00 100.00
62, 500. 00 100. 00 100.00
5
5
5
Apr.
May
May
June
July
24
15
28
26
13
100,000.00
50,000.00
25,000.00
100,000.00
50, 000.00
100.00
100.00
100.00
31.25
25.00
100. 00
100.00
100.00
31.25
25.00
5
5
5
4
4
July 18
Aug. 18
Aug. 30
25,000. 00
25,000.00
35,000.00
100. 00
50.00
100. 00
100.00
50.00
100.00
4
4
4
Sept. 5
i 50, 000.00
2 3 25,000. 00
i 20,000. 00
2 3 10,000. 00
37, 500.00
25,000. 00
100. 00 100. 00
100.00 100.00
50.00 50.00
50.00 50.00
25.00 25.00
100.00 100.00
24
14
25
Sept. 7
The First National Bank of Monmouth
The Commercial National Bank of Hillsboro_ Sept. 17
Oct. 15
The First National Bank of McMinnville
775,000. 00
Total (15 banks).
PENNSYLVANIA
4481
6741
5196
5351
3808
520
9600
311
13197
664
12934
12063
175
13160
3829
The
The
The
The
The
The
The
The
The
The
The
The
The
The
The
Second National Bank of Connellsville--First National Bank of Garrett
First National Bank of Milford
Peoples National Bank of Tarentum
Mountville National Bank, Mountville.
First National Bank of Warren
First National Bank of Jessup
First National Bank of Gettysburg
Union National Bank of Jersey Shore. __
First National Bank of Carbondale
Union National Bank of Carnegie
First National Bank of Windsor
First National Bank of Williamsport
Glen Lyon National Bank, Glen Lyon._
First National Bank of Homestead
The City National Bank of Susquehanna
The First National Bank of Coalport
The Central National Bank and Trust Company of York
_.
' 5025 The First National Bank of Kane
The
First
National
Bank
of
Slippery
Rock....
16483
flO53 The First National Bank of Susquehanna
t'4913 The First National Bank of New Kensington.
11834 The First National Bank of Volant
12261 The Peoples National Bank of State College _.
2581 The Peoples National Bank of Norristown
5784 The First National Bank of Carmichaels
5818 The First National Bank of Barnesboro
9511 The Farmers National Bank & Trust Company of Millheim
6453 The First National Bank of Etna
77 The First National Bank of Scranton
10839 The Ambridge National Bank, Ambridge
9026 The Brownstown National Bank, Brownstown
5968 The First National Bank of Monongahela
City213 The Second National Bank of Philadelphia—
6501 The First National Bank of Osceola, Osceola
Mills
-
r 3144
16887
9706
Footnotes at end of table.
Percent
of diviPar Sold at dend
per
value
to be
share
of
paid
shares
on the
par
valus
1933
Apr. 13
Apr. 17
Apr. 18
Apr. 22
Apr. 29
May 5
May 29
June 8
July 5
July 25
July 31
Sept. 20
Oct. 3
Oct. 30
Dec. 29
1934
Jan. 5
Jan. 9
3 150,000. 00
3 75,000.00
3 75,000.00
3 25, 000. 00
3 200, 000. 00
3 100,000. 00
3 50,000. 00
3 25,000. 00
3 50,000. 00
3 300, 000. 00
50,000. 00
3 25,000. 00
200,000.00
3 50,000. 00
3 150, 000. 00
100.00
100.00
10.00
100.00
25.00
100. 00
100.00
25.00
50.00
10.00
50.00
100.00
10.00
50.00
100.00
100.00
100.00
20.00
100. 00
25.00
100.00
100.00
100. 00
50.00
20.00
50.00
120.00
10.00
100. 00
100. 00
3 40, 000. 00 100. 00 100.00
3 25, 000. 00 100. 00 100. 00
5.00
250, 000. 00 5.00
3 75, 000.00 60.00 60.00
50,000.00 50.00 50.00
3 100,000. 00 100.00 100. 00
125,000.00 62.50 62.50
25,000. 00 50.00 50.00
75,000. 00 50.00 50.00
300,000. 00 150. 00 150.00
25,000. 00 50.00 50.00
75, 000. 00 50.00 50.00
Jan.
Jan.
Feb.
Feb.
Feb.
do.
Mar.
Mar.
Mar.
...do
17
31
3
24
27
Mar.
Mar.
Mar.
Mar.
50,000.00 20.00 20.00
13
100,000.00 100. 00 100.00
19
/
1,476,950.00
21 \ 3 23,050.00 - 25.00 25.00
50,000. 00 20.00 20.00
22
3
8
9
Mar. 24
Mar. 31
Apr. 5
.._do
25,000.00
100.00
100.00
100,000.00 100.00 100.00
750,000.00 10.00 10.00
50,000.00 35.00 35.00
14
5
4
228
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
PENNSYLVANIA—continued
3766
3480
247
5574
8450
2828
11512
6220
6174
6531
9202
7931
11505
9702
12967
7181
544
4698
7356
13618
6465
1676
2334
4730
9508
8493
9307
12098
2505
10811
2308
4422
4513
8421
9461
13180
13205
13003
7353
7448
9128
12563
11981
12192
13032
683
7139
10666
The Bryn Mawr National Bank, Bryn Mawr.
The Citizens National Bank of Muncy
The First National Bank of Altoona
The First National Bank of Ashley
The First National Bank of Montgomery
The First National Bank of Lilly
_.
The Braddock National Bank, Braddock
The Dauphin National Bank, Dauphin
The First National Bank of Everett
The Carnegie National Bank, Carnegie
Citizens National Bank and Trust Company
of Lehighton
The First National Bank of Riegelsville
The Danielsville National Bank, Danielsville-.
The Marcus Hook National Bank, Marcus
Hook
_._.
The First National Bank of Lawrenceville...
The Dale National Bank, Dale
.
The First National Bank of Spangler
/The Kensington National Bank of Philadelphia
The First National Bank of Irwin
The First National Bank of Bellwood
First National Bank in Mansfield
The Merchants National Bank of Quakertown
The First National Bank and Trust Company
of Dallastown
The First National Bank of Honeybrook
The Farmers National Bank of Pennsburg
The First National Bank of Duquesne
The First National Bank of Ralston
The First National Bank of Mount Holly
Springs
_
_.
The Farmers National Bank of Claysville
The Moxham National Bank of Johnstown...
The First National Bank of Canton
The Path Valley National Bank of Dry Run...
The First National Bank of Lehighton
The First National Bank of Girardville
_.
The Merchants National Bank of Bangor
The Blue Ball National Bank, Blue Ball
The Maytown National Bank, May town
City National Bank of Philadelphia
The Beech Creek National Bank, Beech
Creek
_
/The Tioga National Bank and Trust Com\ pany of Philadelphia
_.
The First National Bank of Marysville
The Catawissa National Bank, Catawissa
First National Bank of Castle Shannon
The First National Bank of Nuremberg
The Valley National Bank of Numidia
The First National Bank of Centre Hall,
Center Hall_._
The Erie National Bank of Philadelphia
/The Lancaster County National Bank, Lan\ caster
_
_.
The Emaus National Bank, Emaus
The First National Bank of Schellsburg
Footnotes at end of table.
Preferred
increase
capital
Date
Percent
of diviPar
dend
Sold
at
value
to be
>er
of
paid
tare
shares
on the
par
value
1934
Apr. 12
$100,000.00
Apr. 16
50,000.00
f
i
225,000. 00
Apr. 17
\ 2 3 80,000.00
Apr. 25
75,000. 00
May 3
25,000.00
May 4
25,000. 00
May 8
3 500, 000. 00
.-.do
10,000. 00
May 18
50,000. 00
May 23
150,000.00
100.00
5.00
100. 00
100.00
6.25
125. 00
50.00
100.00
68.00
100.00
75.00
100. 00
5.00
100 00
100.00
6.25
125.00
50.00
100.00
68.00
100.00
75.00
May 24
May 25
June 4
20.00
50.00
100.00
20.00
50.00
100.00
50,000. 00 100.00
25,000.00 100.00
25.00
25,000. 00
20,000. 00 • 25. 00
3 5,000. 00
00
June 13 /\ 2 13 500,000.
37.50
300,000. 00
20.00
—do....
125,000.00
7.00
June 14
35,000.00
75.00
June 15
50,000. 00
40.00
June 16
70,000.00
100.00
100.00
25.00
25.00
16%
37. 50
20.00
7.00
75.00
40.00
75,000.00
25,000. 00
25,000. 00
June
June
June 9
June 18
June 19
...do--..
June 27
June 28
do
...do
June 29
—do....
June 30
—do
...do
..do..
-do....
..do....
.do.....
}july 2
July 3
..do
.do..doJuly
_do,-do-
}july
...do..
—do..
5
75,000. 00 125.00 125.00
44,400. 00
50. 00 50.00
3 5, 600. 00
73,400.00
10.00
10.00
3 1,600.00
3 400,000. 00 100. 00 100.00
3
25, 000. 00 100.00 100.00
15, 000. 00 100.00
50.00
25,000. 00
25.00
100,000. 00
40.00
50,000. 00
10.00
25,000. 00
6.00
100,000. 00
75,000.00 125.00
25.00
150,000.00
96,800.00 100.00
3 3,200.00
25,000.00
31.25
50.00
500,000.00
25,000.00
124,104.00
3 896.00
25,000.00
25,000.00
25,000.00
i 15,000.00
2 3 10,000.00
21,000.00
s 4,000.00
100.00
50.00
25. 00
40.00
10.00
6.00
125. 00
25.00
100.00
31.25
50.00
40.00 40.00
• 8.00 8.00
100.00 100.00
72.00 72.00
125. 00 125.00
25.00 25.00
40.00 40.00
400.00 100.00
20,000.00 80.00 80.00
200,000.00
40.00 40.00
379,812.
50
3
20,187. 50 • 62.50 62. 50
1 100,000.00 50.00 50.00
2 3 25,000.00
50.00 50.00
15,000.00 100.00 100.00
REPORT OF THE COMPTROLLER OF THE CURRENCY
229
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under apt Mar. 9, 1988, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 81, 1984—Continued
Charter
no.
Title
Preferred
increase
capital
Date
Percent
of diviPar Sold at dend
to be
value
per
paid
of
shares share on the
par
value
PENNSYLVANIA—continued
12159
9312
7710
5578
11263
2483
10042
7856
8329
5833
6158
9139
4330
6411
1946
12029
8494
8653
9402
13133
4917
5069
6162
11967
7430
11127
611
6615
667
13585
1934
July 7
July 9
The First National Bank of Landisville
July 10
The Pen Argyl National Bank, Pen Argyl
'Monroe County National Bank of East July 14
Stroudsburg
__do
The First National Bank of Alexandria
The Watsontown National Bank, Watsontown
July 16
The First National Bank of East Smithfield.. ..do-—
July 17
The First National Bank of York Springs
The Bridgeport National Bank, Bridgeport... July 18
The Citizens National Bank of Meyersdale... July 19
July 20
The First National Bank of Jermyn
The National Bank of Arendtsville
--. —do—..
/The North Wales National Bank, North July 23
{ Wales
The First National Bank of Mount Union.... July 26
Third National Bank and Trust Company of
July 27
Scranton
July 30
The First National Bank of Jerome
July 31
The First National Bank of Avoca
The Farmers National Bank of Selinsgrove.—. Aug. 1
The Nescopeck National Bank, Nescopeck
The First National Bank of Bally.
The Dublin National Bank, Dublin. _
The First National Bank of Newport
The Coraopolis National Bank, Coraopolis
The Berwick National Bank, Berwick
The Central City National Bank, Central
City
The Curwensville National Bank, Curwensville
The Farmers' National Bank of Liberty
$25.00
25.00
50.00
50.00
70.00
15.00
100.00
50.00
3 30,000.00
25.00
i 25,000.00
2 3 10,000.00 40.00
24,700.00 400.00
3 300.00
75,000.00
80.00
50.00
50,000.00
75,000.00 100.00
i 17,500.00
3.00
2 3 17,500.00
7.00
43,000.00
3 7,000.00 400.00
25,000.00 100.00
50.00
25.00
40.00
25.00
300,000.00
3 25,000.00 100. 00
90.00
50,000.00
36,600.00
3 3,400.00 J100.00
47,200.00
3 2,800.00 } 33H
40.00
310,000.00
50,000.00 100.00
3 50,000.00 100. 00
3 50,000.00 100.00
Aug. 2
Aug. 3
Aug. 4
do.
...do.....
100.00
80.00
50.00
100.00
3.00
7.00
100.00
100.00
25.00
100.00
90.00
100.00
33H
40.00
100.00
100.00
100.00
315,000.00
100.00
100.00
30,000.00
22,200.00
3 2,800.00
1
100,000.00
12 3 ioo, 000.00
14, 500.00
3 500.00
80.00
80.00
1.00
5.00
100.00
80.00
80.00
1.00
5.00
100.00
3 50,000.00
20.00
48,260.00
3 1, 740. 00 • 60.00
200,000.00
50.00
\ 2 3100,000.00 100. 00
24,000.00
A u g . 13
31,000.00 100.00
125,000.00
A u g . 14
25.00
25,000.00 125.00
A u g . 21
98, 750.00
A u g . 22
3 1, 250.00 • 62. 50
20.00
...do..-.
Aug. 6
Aug. 7
The Gettysburg National Bank, Gettysburg-. Aug. 8
The Hoblitzell National Bank of Hyndman.. ...do.—
The First National Bank and Trust Company of Mount Joy
Aug.
The Lehigh National Bank of Catasauqua
...do
/The National Bank of Charleroi and Trust }__do
\ Company, Charleroi
The First National Bank of Three Springs
Peoples National Bank of Edwardsville
The Farmers National Bank of Rome
The First National Bank of Grove City
7363 The Parnassus National Bank, New KenAug. 23
sington.
do.
12380 The Camp Hill National Bank, Camp Hill—
Aug. 24
5034 The Second National Bank of Uniontown
A u g . 31
325 The First National Bank of Danville...
Sept. 10
13177 The First National Bank of Exeter..
12526 The Cheltenham National Bank, Cheltenham. Sept. 11
Sept. 14
870 The Marine National Bank of Erie
11015 The Solebury National Bank of New Hope__ S e p t . 17
S e p t . 24
9528 The First National Bank of Laporte
Footnotes at end of table.
106093—35
16
10183
9862
10246
5044
1 $35,000.00 $25.00
25.00
2 3 25,000.00
50.00
i 25,000.00
2 3 25,000.00 50.00
70.00
50,000.00
148, 785.00 • 15.00
3 1, 215. 00
25,000.00 100.00
/
50,000. 00
15,000.00
3 300,000.00
75,000.00
25,000.00
i 50,000.00
2 3 15,000.00
400,000.00
3 15,000.00
10,000.00
125.00
75.00
100.00
25.00
6.25
25.00
30.00
30.00
60.00
50.00
100.00
100.00
25.00
125. 00
62.50
125.00
75.00
100.00
25.00
6.25
25.00
30.00
30.00
100.00 100.00
80.00 80.00
230
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Preferred
increase
capital
Date
Title
Percent
of diviPar Sold at dend
value
to be
per
of
paid
shares share on the
par
value
PENNSYLVANIA—continued
5573
4823
6051
7642
10839
8498
12349
312
8591
2253
6127
12
311
6942
5920
9330
2667
6108
12921
1934
The First National Bank of Shickshinny
Sept. 27 \f 3$79,000.00
21,000.00 }lOO. 00 $100.00
The National Bank of Corry . .
_
Oct. 4
75,000.00 125.00 125.00
The Citizens National Bank of Slatington
100,000.00
50.00
50.00
-.do
The First National Bank of Oakmont
25,000.00 100.00 100.00
__.do
The Ambridge National Bank, Ambridge
50,000.00
20.00
20.00
Oct. 6
The Wellsville National Bank, Wellsville
25,000.00 100.00 100.00
Oct. 8
The First National Bank of Mocanaqua
25,000.00
25.00
25.00
—do—- f 141,125.00
Oct. 12 \ 3 58,875.00 }l25. 00 125.00
The First National Bank of Media—
The Grange National Bank of McKean
30.00
County at Smethport
Oct. 15
50,000. 00
30.00
8H
8H
The Hatboro National Bank, Hatboro
Oct. 19 r i loo, ooo. oo 25.00
25.00
\ 2 3 15,000.00
The National Kittanning Bank, Kittanning... ...do
85.00
85.00
50,000.00
The First National Bank of Erie
Oct. 20
500,000.00 100.00 100.00
The First National Bank of Gettysburg
20.00
Oct. 22
20.00
1
100,000.00
National-Dime Bank of Shamokin
30.00
Oct. 23
30.00
300,000.00
The First National Bank of Fredericktown. _ _ Oct. 24
125.00
125.00
25,000.00
The First National Bank of Mercersburg
...do
25,000.00 100.00 100.00
33H
33H
The Sellersville National Bank, Sellersville.
Oct. 25 / i 50,000.00
66%
66%
50,000.00
The First National Bank of Weatherly
37.50
Oct. 27 \ 2*393,750.00
25.00
12.50
The First National Bank of Kingston
12.50
Oct. 29
50,000.00
Total (148 banks)
4
4
4
4
4
4
4
4
4
14
24
4
4
4
4
4
4
14
a
4H
6
4
16,043,750. 00
RHODE ISLAND
1546
1007
1546
The Aquidneck National Exchange Bank
and Savings Company of Newport
The Mechanics National of Providence
The Aquidneck National Exchange Bank
and Savings Company of Newport
Total (3 banks)
1933
June 2
1934
Aug.
f
1 \
Oct.
6
.
2 250,000.00
50.00
60.00
6
248, 500.00
3 i, 500.00 } 25.00
25.00
4
300,000.00
25.00
25. 00
4
800,000.00
100.00
100.00
6
800,000.00
SOUTH CAROLINA
2044
1933
The South Carolina National Bank of Charleston
Aug. 19
SOUTH DAKOTA
1934
The National Bank of Huron
Mar. 8
Security National Bank and Trust Company
of Sioux Falls
Mar. 12
2391 The First National Bank of Deadwood
Mar. 13
2980 First National Bank and Trust Company of
Aberdeen
do
7885 The First National Bank of Groton
do .
3237 The First National Bank of Rapid City
Mar. 14
13467 First National Bank in Mobridge
-_do--_
13483 The First National Bank and Trust Company of Chamberlain
do
13517 The Northwestern National Bank of Madison. ...do
4631 The First National Bank of Lead
...do
2935 The First Citizens National Bank of Watertown.
Mar. 19
6990 The Commercial National Bank of Sturgis
Mar. 20
12872 New First National Bank in Dell Rapids
...do
6256 The Redfield National Bank, Redfield
Mar. 21
13460 First National Bank in Britton
-_do.-_13407 The Farmers & Merchants National Bank in
Milbank
_
Mar. 27
Footnotes at end of table.
8841
10592
350,000.00
100.00
100.00
5
400,000.00
125,000.00
100.00
100.00
100.00
100.00
5
5
325,000.00
50,000.00
175,000. 00
50,000.00
100.00
100. 00
100.00
100.00
100.00
100.00
100. 00
100.00
5
5
5
5
5,000.00
10,000.00
300,000.00
100.00
100.00
100.00
100.00
100.00
100.00
5
5
5
125,000.00
40,000.00
10,000.00
100,000. 00
5,000.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
5
5
5
5
5
25,000.00
100.00
100.00
5
REPORT OF THE COMPTROLLER OF THE CURRENCY
231
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
SOUTH DAKOTA—continued
13430 The First National Bank of Philip
3578 The Mitchell National Bank, Mitchell
9958 The First National Bank of Pukwana
3393 The First National Bank and Trust Company in Sioux Falls
—
9679 The First National Bank of Hecla
10813 The First National Bank of Beresford
2068 The First Dakota National Bank and Trust
Company of Yankton
6099 The First National Bank of Volga
10637 The First National Bank of Midland
12777 The Onida National Bank, Onida
13549 The First National Bank of Ethan
12488 The First National Bank of Sherman
Date
1934
Apr. 3
Apr. 7
May 28
$15,000.00 $100.00 $100.00
50.00
50.00
100,000.00
40.00 40.00
20,000.00
June 1
June 12
250,000. 00
20,000.00
30,000. 00
June
June
Sept.
Sept.
Sept.
Oct.
26
30
11
15
25
16
Total (28 banks).
3032 The American National Bank of Nashville
13640 The First National Bank in Bristol
10583
10785
3576
10181
4177
4020
1666
10306
2168
13635
5263
9667
6930
10735
10842
9319
Erwin National Bank, Erwin
First National Bank of Shelbyville
The Second National Bank of Jackson
The First National Bank of Linden
The First National Bank of Greeneville
The Traders National Bank of Tullahoma
The Cleveland National Bank, Cleveland
The First National Bank of Petersburg
The First National Bank of Jackson
The Hamilton National Bank of Johnson City.
First-Citizens National Bank of Dyersburg...
The First National Bank of Cookeville
The First National Bank of Dickson
The Citizens National Bank of Athens
The First National Bank of Kingsport
The First National Bank of Mount Pleasant-.
3785
2349
3131
3159
10225
3346
4708
6140
7045
4525
10090
4565
City National Bank in Wichita Falls
The First National Bank of Paris.__
Mercantile National Bank at Dallas..
Republic National Bank and Trust Company
of Dallas
The Texarkana National Bank, Texarkana...
The First National Bank of Fort Worth
The Fort Worth National Bank, Fort Worth.
The Merchants and Planters National Bank
of Sherman
1933
June 13
Dec. 27
62.50
50.00
75.00
100,000. 00 100.00 100.00
15,000. 00 60.00 60.00
30,000. 00 80.00 80.00
40.00 40.00
20,000.00
8,000. 00 100. 00 100. 00
20,000. 00 90.00 90.00
4,000,000.00 100. 00 100.00
250,000. 00 100.00 100.00
1934
30, 000.00 50.00
Jan. 8
150,000. 00 15.00
Jan. 26
100,000.00 100.00
Feb. 3
15,000.00 50.00
Apr. 9
75,000.00 60.00
May 26
50,000.00 50.00
May 28
150,000.00 66.00
June 26
30,000. 00 100.00
June 30
150,000.00 60.00
July 6
/ 1400,000.00 50.00
July 23 12 s 100,000.00 100.00
100,000. 00 100.00
Aug. 10
50,000.00 80.00
Aug. 27
50,000. 00 50.00
Sept. 11
50,000. 00 100. 00
Sept. 14
150, 000.00 100. 00
10,000.00 80.00
Sept" 25"
50.00
15.00
100.00
50.00
60.00
50.00
66.00
100.00
60.00
50.00
100.00
100.00
80.00
50.00
100. 00
100. 00
80.00
5,910,000.00
1933
Apr. 6
May 6
Aug. 16
400, 000. 00 100.00 100.00
150, 000. 00 100.00 100. 00
1,000,000. 00 20.00 20.00
Dec. 26
Dec. 29
Dec. 30
...do-—
2,000,000. 00 20.00 20.00
250,000. 00 100.00 100.00
750,000. 00 20.00 20.00
1, 000,000.00 20.00 20.00
..do
1934
The National Bank of Commerce of Houston. Jan. 3
Jan. 4
The First National Bank of San Marcos
The Denton County National Bank of Denton. ...do.—.
Jan. 12
The First National Bank of Mesquite...
Jan. 18
The First National Bank of Floydada
Jan. 23
The Alamo National Bank of San Antonio
Jan. 24
The First National Bank of Mission
Feb. 2
The First National Bank of Goliad
Footnotes at end of table.
62.50
50.00
75.00
2, 723,000. 00
Total (18 banks).
13665
3638
13743
12186
Preferred
increase
capital
Percent
of diviPar Sold at dend
value
to be
per
paid
of
shares share on the
par
value
400,000. 00
50.00
50.00
2, 500,000. 00
30,000.00
50,000. 00
25,000.00
25,000. 00
1,000,000. 00
150, 000.00
2 3 25,000.00
50,000.00
320.00
50.00
100.00
50.00
75.00
100.00
100.00
100.00
200.00
320. 00
50.00
100.00
50.00
75.00
100.00
100.00
100.00
200.00
232
REPOBT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
TEXAS—continued
The First National Bank of Galveston
The Peoples National Bank of Lampasas
The First National Bank of Bonham
The American National Bank of Terrell
The Graham National Bank, Graham
The Laredo National Bank, Laredo
The Menard National Bank, Menard___
The First National Bank of Port Neches
The First National Bank of Weslaco
First National Bank in Houston
The First National Bank of Waco
The Commercial National Bank of Beeville.-.
The First National Bank of Jacksboro
The City National Bank of Mexia
The Second National Bank of Houston
The Citizens National Bank of Tyler
_.
The First National Bank of Lamesa
The Prendergast-Smith National Bank of
Mexia
11997 Continental National Bank of Fort Worth
13111 The Lamesa National Bank, Lamesa
11415 The First National Bank of Brownfield_
9126 The First National Bank of Lockney
12789 The First National Bank of Raymondville
13731 First National Bank in Cameron
5765 The First National Bank of Hondo
13249 The First National Bank in Wellington
10624 The First National Bank of Edgewood
5276 The City National Bank of Colorado
10148 The Groos National Bank of San Antonio
10483 The First National Bank of Bogata.—
__.
12421 The First National Bank of La Porte
12475 The United States National Bank of Galveston.
5324 The First National Bank of Celeste
6320 First City National Bank of Floresville
8573 The Commercial National Bank of Brady
5581 The First National Bank of Jacksonville
6212 The First National Bank of Troupe
7306 The First National Bank of Shamrock
7482 The Farmers National Bank of Seymour
4263 The First National Bank of Seymour
6826 The First National Bank of Canadian
11879 The First National Bank of Mercedes
5710 The First National Bank of Roxton
8693 The First National Bank of Rotan
7433 Del Rio National Bank, Del Rio
4900 The Citizens National Bank of Hillsboro
13587 San Angelo National Bank of San Angelo
4214 The First National Bank of Amarillo
8769 The First National of Perry ton
13257 The First National Bank in Mount Pleasant.
10478 The Citizens National Bank of Jasper
4076 The First National Bank of McGregor
12798 The First National Bank of Levelland
5797 The Lufkin National Bank, Lufkin
10320 The First National Bank of Poth
_.
8134 The Blanco National Bank, Blanco-—
12831 The First National Bank of O'Donnell
12070 The State National Bank of Houston
13598 The First National Bank in Stamford
4308 The Austin National Bank, Austin
6091 The First National Bank of Anson
3727
First National Bank of Granbury
12775 The
The Strawn National Bank, Strawn
Footnotes at end of table.
1566
7572
3094
4990
5897
5001
11406
11799
12641
13683
2189
4866
4483
11964
8645
5343
11163
12190
Date
Preferred
increase
capital
Percent
of diviPar Sold at dend
to be
value
of
paid
share on
the
shares
par
value
1034
Feb. 3
Feb. 6
Feb. 13
...do
...do
Feb. 17
Feb. 23
Mar. 8
Mar. 9
.do..
Mar. 15
Mar. 21
Mar. 27
...do
Apr. 5
Apr. 6
...do
...do.....
Apr. 14
Apr. 17
Apr. 18
Apr. 25
Apr. 26
Apr. 27
Apr. 30
May 1
May 7
May 9
May 10
May 18
May 21
May 22
May 24
May 25
...do
May 28
May 29
..-do
May 31
June 1
June 8
June 13
June 14
June 18
June 19
June 25
do
June 26
...do
June 28
July 2
July 3
July 6
July 9
July 12
...do
July 19
—do—
July 21
July 30
Aug. 4
Aug. 14
$100,000.00 $200.00
20,000. 00 100.00
100, 000. 00 100.00
100,000.00 100.00
50,000. 00 100.00
200,000. 00 100.00
25, 000. 00 100.00
25,000. 00 100. 00
25,000. 00 100. 00
2,500, 000. 00 100. 00
500,000. 00
50.00
50,000. 00 100.00
25,000. 00 100.00
50,000.00 100.00
1, 000, 000. 00 150. 00
125,000. 00 100.00
25,000. 00 100.00
50, 000. 00
300, 000. 00
25, 000. 00
25, 000. 00
25, 000. 00
25, 000. 00
20,000. 00
25, 000. 00
25, 000.00
12, 500. 00
50, 000.00
150, 000. 00
10,000. 00
25, 000. 00
500, 000. 00
15, 000. 00
50, 000. 00
35,000. 00
50, 000. 00
10, 000. 00
25, 000. 00
25, 000. 00
25,000. 00
25, 000. 00
25,000 00
25,000.00
20, 000. 00
100, 000.00
100, 000. 00
200, 000. 00
200,000. 00
20, 000. 00
25, 000. 00
12, 500. 00
25, 000. 00
12, 500. 00
50,000. 00
5, 000. 00
112, 500. 00
2 3 6, 250. 00
15,000. 00
500, 000. 00
i 25,000. 00
2 310, 000. 00
300,000. 00
50, 000. 00
50, 000. 00
25, 000. 00
$200.00
100.00
100.00
100.00
100. 00
100.00
100.00
100. 00
100. 00
100.00
50.00
100.00
100.00
100.00
150.00
100.00
100.00
100.00
60.00
100.00
50.00
50.00
50.00
64.00
100. 00
100.00
100. 00
50.00
100.00
20.00
100. 00
50.00
100. 00
50.00
75.00
100. 00
100.00
100. 00
100.00
100.00
75.00
100.00
100.00
100.00
100.00
60.00
100.00
50.00
50.00
50.00
64.00
100.00
100.00
100.00
50.00
100.0
20.00
100.00
50.00
100.00
50.00
75.00
100. 00
100. 00
100.00
100.00
100.00
75.00
100. 00
100. 00
100. 00
50.00
50.00
33^
125.00
125.00
125. 00
100.00
100. 00
100.00
80.00
25.00
50.00
84.00
125. 00
100.00
100.00
125. 00
100.00
100.00
62.50
50.00
50.00
33J^
125. 00
125.00
125. 00
100.00
100.00
100.00
80.00
25.00
50.00
84.00
125.00
100.00
100.00
125.00
100.00
100.00
62.50
EEPOET OF THE COMPTROLLER OF THE CURRENCY
233
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Percent
Charter
no.
Title
Date
10634
7814
5513
12824
13402
3015
TEXAS—continued
The Whitesboro National Bank, Whitesboro.
The Jacksboro National Bank, Jacksboro
The First National Bank of Rosebud
The First National Bank of Littlefield
First National Bank in Rockwall
The First National Bank of Brenham
Houston National Bank, Houston
1934
Sept. 4
Sept. 6
Sept. 11
do
Sept. 14
Oct. 9
Oct. 24
9353
Preferred
increase
capital
Total (86 banks).
4564
2597
The First National Bank of Park City.
First National Bank of Ogden
9403
The Continental National Bank and Trust
Company of Salt Lake City
The Utah State National Bank of Salt Lake
City
The First National Bank of Brigham City.—.
The First National Bank of Salt Lake City...
The First National Bank of Murray
The First National Bank of Logan
The First National Bank of Moab
4341
6036
2059
6558
4670
10925
748
2950
122
6252
820
11615
130
1576
2274
122
1933
Apr. 10
Dec. 23
1934
Feb. 20
Mar.
Apr.
Apr.
_-do
May
July
28
14
17
6
7
32, 500.00
600,000.00
100.00
100.00
100. 00
100. 00
300,000.00
100.00
100. 00
3 250,000.00
50,000.00
250,000.00
30, 000.00
50, 000. 00
12, 500. 00
80.00
50.00
100. 00
30.00
25.00
100. 00
80.00
50.00
100.00
30.00
25.00
100. 00
1, 575,000.00
1933
Apr. 14
The Central National Bank of Rutland
Vermont-Peoples National Bank of Brattleboro
The First National Bank of Montpelier
The Clement National Bank of Rutland.
The First National Bank of Springfield
First National Bank of Bristol
3 60,000. 00
100.00
100.00
Apr.
Apr.
Apr.
May
June
15
17
28
19
24
3 300, 000.00
3 250, 000.00
s 225, 000.00
3 100,000. 00
3 25,000. 00
25.00
100. 00
10.00
100. 00
10.00
25.00
150. GO
20.00
100. 00
20.00
The Rutland County National Bank, Rutland
The Richford National Bank, RichfordThe First National Bank of Bennington
The Caledonia National Bank of Danville
The Randolph National Bank, Randolph
The First National Bank of Springfield
1934
Jan. 6
Mar. 21
Apr. 9
d
May 25
May 31
125,000.00
35, 000.00
110,000.00
50,000. 00
40,000.00
i 100,000.00
100.00
35.00
100.00
31.25
25.00
16.00
100.00
35.00
100. 00
31.25
25.00
16. 00
5
5
5
5
5
1
5
6
6
5
15
25
1, 420,000.00
Total (12 banks).
12539
11205
4477
1635
$25, 000. 00 $100. 00 $100. 00
25, 000. 00 125. 00 125. 00
62.50
62.50
25, 000. 00
25,000. 00 100. 00 100. 00
80.00
80.00
30, 000. 00
60.00
60.00
75, 000. 00
400,000. 00
125. 00
3100, 000. 00 425. 00
18, 671, 250. 00
Total (9 banks).
1700
1430
of diviPar
dend
at to
value Sold
be
per
paid
of
shares share on the
par
value
The Middleburg National Bank, Middleburg.
The Farmers National Bank of Appomattox...
The Dominion National Bank of Bristol
The Shenandoah Valley National Bank of
Winchester
.-.
The First National Bank of Yorktown
The Central National Bank of Richmond
The First National Bank of Nelson County at
Lovingston
__
Farmers and Merchants National Bank and
Trust Company of Winchester
11765 The First National Bank of Big Stone Gap...
9375 The Buchanan National Bank, Buchanan—
Footnotes at end of table.
11554
10080
11957
1933
May 6
June 9
Oct. 30
Dec. 22
3 25,000. 00
20, 000. 00
250,000.00
i 300,000. 00
2 3 100,000.00
10.00
100.00
100.00
20.00
20.00
20.00
100.00
100. 00
20.00
20.00
1934
Feb. 2
Feb. 5
25, 000. 00
3 50, 000. 00
100. 00
20.00
100. 00
20.00
50, 000. 00
80.00
80. 00
300,000. 00
50, 000. 00
40, 000. 00
75.00
50.00
100. 00
75.00
50.00
100. 00
..do
Feb. 16
Feb. 24
Mar. 24
234
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Title
VIRGINIA—continued
11381 American National Bank of Portsmouth
13275 The Citizens National Bank of Front Royal _.
12451 The Hanover National Bank of Ashland
6008 The First National Bank of Clifton Forge
10618 /National Bank and Trust Company of Char\ lottesville
4635 The First National Bank of Newport News..
3917 The Peoples National Bank of Leesburg
13502 The First & Peoples National Bank of Gate
10194
6748
11978
4314
Date
1934
May 25
June 21
June • 27
June 29
jjune 30
July 17
July 19
City
Aug. 16
The Seaboard Citizens National Bank of Norfolk
...do.....
The Peoples National Bank of Manassas
Aug. 20
The First National Bank of Ashland
Oct. 6
Oct. 29
The First National Bank of Lexington
Total (22 banks)
Preferred
increase
capital
Percent
of diviPar
dend
Sold
at
value
to be
per
paid
of
share
on the
shares
par
value
$250,000.00 $50.00
i 25,000.00
12.50
2 313,000.00 100.00
25, 000.00
12.50
100,000.00
25.00
150,000.00
12.50
3 100, 000.00
500,000. 00 100.00
95, 900.00
3 4, ioo. 00 l00.00
$50.00
12.50
100.00
12.50
25.00
12.50
100. 00
100. 00
50,000. 00
125. 00
125. 00
500, 000. 00
14,000. 00
3 16,000. 00
10,000.00
50,000.00
80.00
62.50
125.00
31.25
80.00
62. 50
125. 00
31.25
3,113,000.00
WASHINGTON
13137
12153
4668
9411
The Washington National Bank of Vancouver.
The University National Bank of Seattle
The Old National Bank and Union Trust
Company of Spokane
The First National Bank of Okanogan
The First National Bank of Wenatchee
The First National Bank of Walla Walla
The Washington National Bank of Ellensburg
The First National Bank of Kent
"_
The First National Bank of Ferndale.__
The First National Bank of Ilwaco
The First National Bank of Enumclaw..
First National Bank in Spokane
The First National Bank of Long view
The First National Bank of Lynden
The First National Bank of Chewelah
The Columbia National Bank of Dayton
4686 The First National Bank of Everett
8948 The First National Bank of Kennewick
7767 The First National Bank of Toppenish
Total (19 banks).
8064
2380
9079
10174
11667
12269
12114
13331
12392
11808
8789
2772
1933
Apr. 20
June 8
3 50,000. 00
3 100,000. 00
100. 00
100. 00
100. 00
100. 00
Oct. 7
Dec. 22
500,000. 00
40,000.00
100. 00
100. 00
100. 00
100. 00
1934
Jan. 20
Feb. 21
Mar. 2
Mar. 6
Mar. 14
Mar. 20
Mar. 21
Apr. 21
Apr. 24
May 14
May 15
July 5
Aug. 17
Aug. 20
Sept. 24
100,000. 00
200,000.00
75, 000. 00
25,000. 00
35,000.00
12, 500.00
50,000.00
250,000.00
50,000.00
25,000.00
10,000. 00
50,000.00
335,000.00
3 165,000.00
25,000.00
30,000.00
100. 00
100. 00
50.00
40.00
70.00
25.00
125.00
50.00
80.00
100.00
50.00
100.00
50.00
125.00
100. 00
100. 00
100. 00
50.00
40.00
70.00
25.00
125.00
50.00
80.00
100.00
50.00
100.00
50.00
125.00
100.00
3
250,000.00
250,000.00
10,000. 00
200,000.00
50.00
50.00
100.00
100.00
100.00
100.00
250.00
100. 00
750,000.00
250,000. 00
125,000.00
25,000.00
250,000.00
40.00
12.50
40.00
100.00
100.00
40.00
12.50
40.00
100.00
100.00
2,127, 500.00
WEST VIRGINIA
7029
7681
10250
6830
The
The
The
The
Empire National Bank of Clarksburg
Union National Bank of Clarksburg
Peoples National Bank of Rowlesburg_..
First National Bank of Williamson
1933
Apr. 13
do
Apr. 22
June 30
3236
11109
6510
10370
4643
The Charleston National Bank, Charleston _
The Flat Top National Bank of Bluefield
Boone National Bank of Madison
The Matewan National Bank, Matewan
The First National Bank of Bluefield
1934
Feb. 8
Mar. 16
Mar. 22
June 30
July 12
Footnotes at end of table.
3
3
3
BEPORT OF THE COMPTROLLER OF THE CU&RENCY
235
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1988', as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 81, 1934—Continued
Charter
no.
Title
WEST VIRGINIA—continued
5691
10369
9913
9766
9740
11483
3029
9850
13646
The First Clark National Bank of NorthforkThe Montgomery National Bank, Montgomery
The First National Bank of Keystone
The First National Bank of Kenova
The First National Bank of Romney
The Merchants National Bank of Montgomery
The Farmers & Mechanics National Bank of
Williamstown
/The South Branch Valley National Bank of
\ Moorefield
The Winona National Bank, Winona
The Central National Bank of Buckhannon...
Preferred
increase
capital
Date
1934
July 18
July
July
Aug.
Aug.
19
27
1
9
Aug. 25
Aug.
•Sept.
Oct.
Oct.
29
17
4
19
Total (19 banks)
WISCONSIN
12124
4312
2125
8444
10106
5047
10522
3125
11412
13487
2725
12534
7087
6575
457
4639
13599
873
11783
3308
3724
1086
3001
3778
10890
4123
1998
5779
The First National Bank of Eagle River
The First National Bank of Rhinelander
The First National Bank of Chippewa Falls..
The First National Bank of Grantsburg
The First National Bank of Baldwin
The National Bank of La Crosse
The First National Bank of Prescott
The First National Bank of Lake Geneva
The First National Bank of Dodgeville
The First National Bank of New Richmond.,
First National Bank in Phillips
The Second National Bank of Beloit
The First National Bank of Washburn
The First National Bank of River Falls
The First National Bank of Seymour
First National Bank and Trust Company of
Racine
The Wood County National Bank of Wisconsin Rapids
The First National Bank in Fennimore
The First National Bank of Elk Horn
The Burlington National Bank, Burlington.__
The Citizens National Bank of Darlington
The First National Bank of Menasha
The Waukesha National Bank, Waukesha
The First National Bank of Stevens Point
fThe Lumbermen's National Bank of Chip\ pewa Falls
First National Bank of Barron
The First National Bank of Marinette
The First National Bank of Wisconsin Rapids.
The First National Bank of Mondovi....
Total (29 banks).
Footnotes at end of table.
$50,000.00
50,000.00
25,000.00
20,000.00
25,000.00
40,000.00
25,000.00
11,666. 66
3 13,333.34
15,000.00
47,900.00
3 2,100.00
Par
value
of
Pei cent
of dividend
Sold at to
be
paid
on the
par
value
$80.00 $80.00
80.00
125.00
50.00
100.00
80.00
125.00
50.00
100.00
62.50
62.50
31.25 31.25
• 66. 66
66.66
> 50.00 50.00
2,435,000.00
1933
June 1
Oct. 19
31 35,000.00 10.00
75,000.00 40.00
2 3 75,000. 00 100.00
10.00
40.00
100.00
1934
Feb. 6
Mar. 12
Mar. 13
Mar. 15
Mar. 17
Mar. 29
Apr. 6
Apr. 10
Apr. 14
May 22
May 25
June 19
June 25
1
90,000.00
2 3 10,000.00
20,000.00
25,000.00
300,000.00
25,000.00
26,600.00
3 3,400.00
50,000.00
25,000.00
20,000.00
65,000.00
20,000.00
25,000.00
30,000.00
75.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
50.00
100.00
100.00
80.00
50.00
100.00
50.00
75.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
50.00
100.00
100.00
80.00
50.00
100.00
50.00
July 17
500,000.00
100.00
100.00
Aug. 14
Aug. 21
Aug. 31
...do
Sept. 11
Sept. 17
Sept. 18
75,000.00
12, 500.00
30,000.00
15,000.00
50,000.00
75,000.00
300,000.00
113,000.00
3 7,000.00
i 75,000.00
2 3 75,000.00
i 25,000.00
2 310,000.00
3 50,000. 00
100,000.00
25,000.00
Oct.
4
•Oct. 15
...do..-..
Oct. 16
Oct. 19
Oct. 22
2,457,500.00
100.00 100.00
75.00 75.00
120.00 120.00
93.75 93.75
100.00 100.00
6.00
6.00
25.00 25.00
100.00 100.00
50.00 50.00
50.00 50.00
31.25 31.25
100.00 100.00
100.00 100.00
80.00 80.00
62.50 62.50
236
EEPOBT OF THE COMPTEOLLMt OF 0?HE
TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1988, as amended, by the issuance of preferred stock which was
purchased by the Reconstruction Finance Corporation unless otherwise noted,
together with the amount of increase and the rate of dividend, etc., to close of business Oct. 31, 1934—Continued
Charter
no.
Preferred
increase
capital
Date
Title
Percent
of diviPar Sold at dend
value
to be
per
of
paid
shares share on the
par
value
WYOMING
10698 First National Bank of Green River.
3615 The Albany National Bank, Laramie
6850 The Casper National Bank, Casper
10810 The First National Bank of Greybull
5413 The Rawlins National Bank, Rawlins
5480
4989
The First National Bank of Kemmerer
The First National Bank of Laramie
1934
Feb. 20
$40,000.00 $50.00 $50.00
Mar. 23
50,000.00
50.00 50.00
50.00 50.00
Apr. 10 r 1100,000.00 50.00
50.00
\ 2 3100,000.00
Apr. 11
62.50
62.50
25,000.00
/
12,500.00
July 20
[lOO.OO 100.00
\ 3 37,500.00
20.00 20.00
.-. Aug. 6 / i 100,000.00 20.00
20.00
\ a 3100,000.00
80.00 80.00
Sept. 6
50,000.00
Total (7 banks)
615,000.00
Total United States (1,458 banks)
5
5
15
25
5
4
14
24
4
422,059,250.00
3 Local.
TABLE N O .
Char
ter
no.
18.-
-National banks chartered which are conversions of State banks
during the year ended Oct. 81, 1984
Title and location
13828 Mercantile National Bank of Miami
Beach.
13839 The St. Charles National Bank of Norco.
13852 Miners National Bank of Wilkes-Barre__
13859 The Union National Bank of Oxford
13872 The National Bank & Trust Company of
Sycamore.
13875 The National Commercial Bank of Liberty.
13885 The Merchants & Miners National Bank
of Oak Hill.
13920 The Mansfield Savings Trust National
Bank, Mansfield
State
1933
Fla__. Nov. 6
L a Pa.—
N. C._
111
Total (18 banks)
Nov.
Nov.
Dec.
Dec.
Approxisur- ApproxiAuthorized mate
plus and
capital
undivided mate assets
profits
$100,000
$58,863
$629,950
23
29
5
11
50,000
2,500,000
50,000
100,000
28,798
6,310,722
31,194
101,728
324,317
30,348,595
461,933
1,549,097
M o . . . Dec. 15
100,000
49,048
712,716
W.Va. Dec. 19
100,000
127,963
849,825
Ohio.. Dec. 30
600,000
764,474
5,949,420
1934
M o . . . Jan. 10
300,000
610,166
11,270,405
Jan. 20
200,000
53,076
1,965,298
Jan. 22
Feb. 12
300,000
300,000
113,022
105,316
4,002,539
3,443,116
Feb.
Mar.
Mar.
May
23
5
28
9
600,000
150,000
50,000
55,000
1,528,096
90,899
4,563
22,631
7,672,968
556,834
185,981
482,984
Aug. 10
Oct. 31
300,000
50,000
121,104
8,883
6,164,138
481,801
5,905,000
10,130,546
77,051,917
The City National Bank and Trust Company of Kansas City.
13949 The Peoples National Bank of Little A r k . . .
Rock.
13958 The Union National Bank of Little Rock. . . . d o —
14000 The Commercial National Bank of Little — d o Rock.
14023 The Kingston National Bank, Kingston. P a . —
The
National Bank of Monroe
Ga—
14046
_ Nebr..
14083 Security National Bank of Superior
Ill
14140 The Neat, Condit and Grout National
Bank of Winchester.
_ —do—
14246 Liberty National Bank of Chicago..
Minn14296 The First National Bank at St. James
13936
Date of
charter
TABLE NO. 19.—National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year
ended Oct. 31, 1934
Failed
Organized
Location
Number
chartered
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island Connecticut
3
3
4
6
2
Total New England States
New York...
New Jersey
Pennsylvania
Maryland _
District of Columbia _
_
Total Eastern States
$150,000
300,000
175, 000
450, 000
2, 600,0CO
3,675,000 |
Number
with
preferred
stock
Authorized
preferred
capital
1
$50,000
3
2
1
75,000
100,000
100, 000
Number
12
1
8
2
7
325, 000
23
21
22
87
6
2,160,000
1. 905, COO
11,182,300
325, 000
6
7
49
340, 000
245. 000
4,122, 300
23
15
64
4
1
136
15, 572, 300
62
4, 707, 300
107
18
..
Authorized
common
capital
Capital
$2,075,000
150,000
525,000
150,000
Voluntary liquidation
Assets
i $35, 719, 089
2, 433,935
7,921, 973
2, 274, 372
Number
Capital
Gross assets
1
4
2 $100,000
300,000
$336,921
4,024,888
H
5
450,000
4, 318,437
W
5
1, 050,000
7,822,859
15
1,900,000
16, 503,105
i 62,055,865
4,975, 000
1, 750, 000 * 20, 925, 418
11,175, 000 5 151, 075, 854
205, 000
3, 818, 557
1,000,000
8, 601, 400
16
17
48
4
2,350,000
2, 275, 000
5, 360,000
175,000
19,120,426
21, 296,912
75, 249,138
4,001, 482
19,105, 000
85
10,160,000
119,667,958
2,900, 000
48, 349, 369
246, 477, 094
Virginia
275, 000
125 000
6
4
935, 000
300,000
4
3
6 6,071, 393
3,837,215
780, 000
270, 000
13
6
730, 000
West Virginia . .
7 575,000
10
8
12,139,308
6,073, 577
425,000
375, 000
6
1
200, 000
1, 300, 000
4
5
2, 519, 366
North Carolina
. ...
7, 274,972
180, 000
170, 000
3
2
160, 000
200,000
1
3
2, 708, 783
2, 610, 488
South Carolina
345, 000
205,000
1
25, 000
245, 000
3
6
118,861
Georgia
1, 252, 610
300, 000
200, 000
5
1
200,000
Florida
150,000
2
4
3, 092, 624
1, 286, 539
1
25, 000
25,000
6
520, 000
180, 000
2
1
8 3, 525, 860
Alabama,
280,422
20,0GO
30, 000
1
1
Mississippi
.
400, 000
450, 000
6
496, 792
100,000
1, 325, 666
3
3
9,877, 793
Louisiana.
7
1 Includes 1 bank with capital of $200,000 and assets of $747,186 previously reported in voluntary liquidation.
2 With preferred capital stock of $50,000.
3 Includes 3 banks with capital aggregating $400,000 and assets aggregating $3,060,195 previously reported in voluntary liquidation.
4
Includes 1 bank with capital of $100,000 and assets of $586,208 previously reported in voluntary liquidation.
«Includes 4 banks with capital aggregating $425,000 and assets aggregating $719,197 previously reported in voluntary liquidation,
e7 Includes 1 bank with capital of $100,000 and assets of a nominal value previously reported in voluntary liquidation.
Includes 1 bank with preferred capital stock of $25,000.
s Includes 1 bank with capital of $200,000 and assets of $616,415 previously reported in voluntary liquidation and 2 banks with capital aggregating $85,000 and assets aggregating
$496,842 restored to solvency, for one of which a receiver was again appointed.
I
fej
a
o
fed
H
w
to
GO
TABLE N O . 19.'—National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year
ended Oct. 31, 1934—Continued
Organized
Location
Number
chartered
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio
Indiana
Illinois
.
Michigan
Wisconsin
Minnesota
Iowa
Missouri
-.
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming .
Colorado
New Mexico
Oklahoma
-.
--
Total Western States
Washington
Oregon
California.-
-
Authorized
common
capital
Voluntary liquidation
Failed
Number
with
preferred
stock
Authorized
preferred
capital
39
8
7
3
$2,855,000
975, 000
395, 000
125; 000
34
5
5
2
$2,630,000
175,000
255,000
75,000
106
7,100, 000
83
34
15
41
25
19
8
21
6
3, 210,000
1,110,000
2, 685,000
2, 617, 500
1,065,000
230,000
740,000
900,000
18
12
23
20
12
7
18
3
169
12, 557, 500
2
2
10
4
1
1
9
1
7
Number
Capital
12
8
7
8
$985,000
505,000
510, 000
4, 415, 000
4,985, 000
59
977,000
950,000
865,000
2, 925,000
635,000
220,000
510,000
350,000
26
20
43
19
18
13
15
6
113
7, 432, 000
160
47,000
70,000
415, 000
225,000
25,000
25,000
525,000
50,000
340,000
2
2
8
2
1
1
8
1
6
53,000
80,000
335,000
125,000
25,000
25,000
525,000
50, 000
330, 000
37
1, 722, 000
31
3
3
4
105,000
75,000
595,000
3
3
4
OO
Assets
Number
Capital
Gross assets
»$6, 253, 479
io 2,888, 627
ii 3, 448,397
28,804,127
34
1
6
$2,570,000
25,000
493,000
$17,714,877
324,836
3,972,941
9, 285, 000
72,067,617
70
7, 363, 000
54, 506, 270
3,360,000
6,835, 000
4, 360,000
2, 525,000
1, 630,000
510,000
1, 575,000
1, 205,000
12 36,907,876
13 49, 369,740
H 36,777,618
42,125, 235
is 17,321,453
is 4,851,196
17 8, 539,186
is 6,446,365
17
5
24
12
8
7
19
4
2,770,000
3,950,000
2, 020,000
2,875,000
515,000
310,000
1,475,000
4,125,000
24,836,093
30,299, 727
22,805,829
35,998, 570
5,943, 588
3,143,195
12, 540, 707
25,086, 500
22,000,000
202,338, 669
96
18,040,000
160, 654,209
5
6
6
2
2
525,000
260,000
310,000
75,000
125, 000
6, 328, 657
i* 1, 869,123
20 2, 019, 747
822,829
2i 846,387
2
1
6
14
3
50,000
25,000
500,000
975,000
125,000
172, 567
172, 071
5, 521, 657
8,969, 719
657,406
4
1
5
200,000
50, 000
450,000
1,768,315
838, 297
5,342,099
12
3
7
1,350,000
550, 000
230, 000
12, 311, 445
5, 736, 781
1, 433,011
O
1, 548, 000
31
1, 995,000
19,835,454
48
3,805,000
34, 974, 657
95, 000
75, 000
605,000
5
2
7
250, 000
450,000
575, 000
22 2,159, 259
6, 892,979
23 2, 831, 561
16
1,300,000
1,055,000
1, 450,000
21,591,222
12, 613, 623
12, 549,945
3
o
l!
W
O
O
s
1-3
W
Idaho
Arizona.
1
Total Pacific States
10
Total United States
476
775,000
10
775, 000
15
25, 000
1, 300, 000
422,142
12, 305, 941
3
190,000
2, 202, 942
43
3,995,000
48,957, 732
435, 263,931
45,263,000
357
L...
9
Includes 4 banks with capital aggregating $350,000 and assets aggregating $1,831,158 previously reported in voluntary liquidation and 3 banks with capital aggregating $410,000
and 10assets aggregating $2,858,680 restored to solvency.
Includes 1 bank with capital of $150,000 and assets of $329,619 previously reported in voluntary liquidation.
11
Includes 2 banks with capital aggregating $210,000 and assets aggregating $92,527 previously reported in voluntary liquidation.
12
Includes 3 banks with capital aggregating $225,000 and assets aggregating $184,462 previously reported in voluntary liquidation and 1 bank with capital of $150,000 and assets
of $2,263,437
restored to solvency.
13
Includes 4 banks with capital aggregating $2,550,000 and assets aggregating $2,115,895 previously reported in voluntary liquidation.
u
Includes 2 banks with capital aggregating $300,000 and assets aggregating $842,450 previously reported in voluntary liquidation and 1 bank with capital of $25,000 and assets of
$130,313
restored to solvency.
15
Includes 1 bank with capital of $50,000 and assets of $94,731 previously reported in voluntary liquidation.
16
Includes 2 banks with capital aggregating $105,000 and assets aggregating $207,354 previously reported in voluntary liquidation.
17
Includes 4 banks with capital aggregating $725,000 and assets aggregating $2,164,314 previously reported in voluntary liquidation and 1 bank with capital of $50,000 and assets
of $338,698
restored to solvency.
18
Includes 1 bank with capital of $30,000 and assets of a nominal value previously reported in voluntary liquidation.
19
Includes 2 banks with capital aggregating $125,000 and assets aggregating $172,744 previously reported in voluntary liquidation.
20
Includes 1 bank with capital of $100,000 and assets of $39,500 previously reported in voluntary liquidation.
21
Includes 1 bank with capital of $25,000 and assets of $92,742 succeeded by a new national bank organized by the F. D. I. C. as provided by the act of June 16, 1933.
22
Includes 1 bank with capital of $25,000 and assets of $133,392 restored to solvency.
2
3 Includes 1 bank with capital of $75,000 and assets of a nominal value previously reported in voluntary liquidation.
41, 401,800
306
19, 772, 300
395
56, 585, 000
601, 031, 912
fed:
O
1-3
W
fed
o
o
K
C
F
W
fed
3
i
o
240
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Number and classification of national banks chartered monthly
during the year ended Oct. 31, 1934
Conversions
Primary organizations
Reorganizations
Total
Months
Num
ber
November.
December __
January
February. _
March
April
May
June
_
July
August
September.
October
Capital
$2,650,000
950,000
800,000
900,000
200,000
55, 000
300, 000
50,000
18
Total .
u
ber
Capital
Number
Number
Capital
$2, 407,000
6,115,000
8,375,000
6,495,000
4,260,000
3,437.500
4,840,000
4,900,000
2, 575,000
1, 690, 000
1. 645,000
3,635,000
5,905,000 1432 50, 374, 500
Capital
$350,000
2,700,000
190,000
200,000
150,000
350,000
204,600
200,000
50,000
300,000
100,000
100,000
$5,407,000
9,765,000
9,365,000
7,595,000
4,610,000
3, 787, 500
5,099,600
5,100,000
2, 625,000
2, 290,000
1,745,000
3,785,000
4,894, 600 3 476
61,174,100
i 289 of these banks had $18,945,000 preferred capital stock.
of these banks had $827,300 preferred capital stock.
306 of these banks had $19,772,300 preferred capital stock.
2
17
3
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 30, 1983
CAPITAL STOCK OF LESS THAN $50,000
[In thousands of dollars]
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Location
Total
assets
Surplus,
profits,
and reCapital serves
for contingencies
Circulation
Total
out- deposits
standing
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Connecticut
Total New
States
New York
New Jersey
Pennsylvania
Delaware
Maryland
181
246
118
597
524
302
296
45
634
547
794
688
222
1,566
1,284
73
75
25
125
75
75
61
30
152
67
457
143
1,217
1,066
England
1,824
4,554
373
385
227
3,482
57
17
121
2
5
10,952
3,253
22,424
548
11,342
3,731
21,877
359
858
26,477
8,227
52,443
1,005
2,410
1,470
450
3,145
50
140
1,758
599
5,530
81
248
1,196
240
2,815
43
121
21,331
6,648
39,980
734
1,899
202
38,175
38,167
90,562
5,255
8,216
4,415
70,592
23
13
4
3
5
3
12
1
129
15
14
16
4,843
2,119
392
366
379
156
1,728
122
9,941
1,262
3,368
2,348
2,041
848
345
254
309
214
1,140
33
5,680
1,157
2,014
1,333
8,420
4,204
1,317
1,093
1,098
662
4,546
288
599
305
45
50
87
37
427
5
29,157
3,759
6,822
4,948
615
375
145
75
145
96
340
25
3,535
382
370
435
510
327
76
75
75
50
271
25
1,513
245
290
382
6,542
3,188
1,048
891
791
478
3,483
233
22,103
2,885
5,485
3,740
238
27,024
15,368
66,314
6,538
4,424
4,525
3,528
7,342
3,566
2,877
8,490
10,128
8,420
21,641
1,023
785
2,181
722
413
1,064
1,6
-
-.
-.
Total Eastern States
Virginia
West Virginia..
North Carolina
South Carolina
Georgia
Florida
Alabama
Louisiana
Texas
Arkansas
Kentucky
Tennessee
~..
Total Southern States....
Ohio..
Indiana
Illinois
611
261
50,867
837
703
1,579
7,414
6,458
16,733
REPORT OP THE COMPTROLLER
OP THE
CURRENCY
241
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 30, 1983—Continued
CAPITAL STOCK OF LESS THAN $50,000—Continued
[In thousands of dollars]
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Location
Total
assets
Surplus,
profits,
and reCapital serves
for contingencies
Circulation
Total
out- deposits
standing
COUNTRY BANKS—continued
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
--
Total United States
8
20
98
28
19
719
2,760
12,551
3,390
1,974
1,004
2,353
16,283
2,836
1,882
2,356
6,487
37,431
9, 227
5,377
242
510
2,665
772
510
198
297
1,686
484
254
217
267
2,221
589
344
1,698
5,332
31,065
7,379
4,258
316
36,789
39, 291
101,067
8,688
5,118
6,757
80,337
39
35
50
89
20
7
28
11
123
4,065
3,457
6,437
9,744
1,271
649
2,685
1,028
9,455
3,290
2,841
3,896
5,867
1,292
1,243
2,013
984
11,516
10,110
8,083
14,021
22, 274
3,675
3,474
6,945
2,909
34,576
1,029
895
1,370
2,322
510
190
750
290
3,185
597
485
910
1,163
170
185
398
154
1,485
718
497
768
1,459
135
146
421
156
1,441
7,625
5,887
10,747
17,119
2,739
2,952
5,352
2.309
28, 341
402
38, 791
32,942
106,067
10,541
5,547
5,741
83,071
17
14
25
9
3
3
1
1,655
1,266
2,865
827
604
587
86
2,279
1,279
3,675
563
164
987
209
5,465
3,586
8, 990
2, 047
973
1,952
419
455
360
625
235
75
90
25
222
229
773
117
115
93
11
216
196
331
109
50
90
10
4,568
2 769
7,125
1,577
732
1,679
373
1,560
1,002
18,823
25, 250 21,981
307,172
72
7,890
9,156
23,432
1,865
1,244
150,335
136, 748
391,996
33, 260
C A P I T A L S T O C K O F $50,000 B U T L E S S ' r H A N $200,000
RESERVE CITIES
Dallas _
Waco
Pueblo
Total reserve cities
--
1
1
1
1,002
138
188
2,587
353
1,177
5,171
841
1,768
150
100
100
243
89
83
150
100
100
4,628
550
1,479
3
1,328
4,117
7,780
350
415
350
6,657
23
38
31
68
4
22
9,168
16, 279
12, 702
35, 681
1,152
11,145
14,393
12,738
10, 564
36,956
838
10,969
31,139
38,180
28, 843
89,886
2,458
26,656
2,379
3,272
2,845
6,796
420
2,035
2,005
3,787
1,786
7,334
380
2,606
1,016
2,812
1,933
5,144
283
1,357
25,609
27,597
21,998
69,844
1,373
20, 252
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
__ _
Total New England
States.
New York
New Jersey.
Pennsylvania
Delaware
Maryland
Total Eastern States
. .
186
86,127
86,458
217,162
17,747
17,898 12, 545
166, 673
259
133
373
9
42
132,698
70,974
217,225
3,283
25, 234
151,696
76,294
210,416
3,122
25, 708
334,474
179,337
507,257
7,580
61,160
22, 272
12, 259
33, 668
710
3,720
21, 698 14, 894
11,677 6,998
57, 343 26,700
814
532
4,168 2,226
266, 853
144,150
380, 660
5,211
50, 050
816
449,414
467,236 1,089, 808
72, 629
95, 700 51,350
846,924
242
REPORT OF THE COMPTROLLER OF THE CURREHCY
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 80, 1938—Continued
CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000—Continued
[In thousands of dollars]
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Location
COUNTRY BANKS—continued
Virginia..
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States....
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States
78,771
41,023
29,608
9,281
28,081
35,630
29,745
25,271
13,562
187,593
18,427
63,213
35,962
6,619
3,339
2,300
550
2,865
2,450
2,878
1,835
1,330
18,153
1,585
5,412
3,134
5,767
3,108
2,058
391
2,144
1,853
2,479
1,281
805
12, 517
986
4,728
1,966
5,178
2,837
1,471
497
2,234
1,672
2,537
1,471
697
12, 700
1,272
4,814
2,982
59,810
30,354
23,502
7,819
20,485
29,417
21,609
19,807
10,617
143,477
14,519
46,816
27,296
658 247, 637 174,343
596,167
52,450
40, 083 40, 362
455,528
132
64
130
41
46
82
67
43
121,076
59,016
128,548
49,400
57,155
84,502
52,804
38,380
11,022
5,725
10,183
3,569
3,920
5,875
240,16 9 590,881
45,121
20,342
12,562
2, 685
11, 899
6,123
12,983
9,845
5,547
61,505
6,639
33,427
18,959
50,280
21,183
40,005
15,820
19,029
22,094
18,266
12,459
_.
Total Pacific States
43,724
21,998
53,324
21, 719
25,557
41,394
17,778
14, 675
3^175
9,796
3,311
6,927
2,384
3,294
4,087
2,271
1,893
8,551
4,603
7,472
2,362
2,955
4, 223
3,076
2,595
90,302
45,072
103,151
40, 645
46, 678
69,493
42,935
30,452
47,899
33,963 35, 837
468,728
10,678
12,961
17,376
24,600
7,788
7,075
13,504
6,081
33,968
27,180
28,058
51,384
72,528
18,333
21, 711
32,992
15, 760
74,704
1,995
1,800
4,345
6,275
1,495
1,280
2,595
1,000
5,300
1,185
892
1,495
3,036 3,391
3,602
1,046 '658
1,301 1,216
1,390 1,555
615
701
3,040 3,558
22,492
23,259
40, 243
57, 670
15,088
17,893
27,298
13,435
62, 617
361 108, 262 134,031
605 199,136
9,636
9,320
19,432
23,797
5,142
9,101
9,972
4,997
16,865
Total Western States
Circulation
Total
out- deposits
standing
18,050
10,962
7,286
3,745
8,807
20,204
7,428
8,673
3,549
53,628
5,690
17,579
8,742
79
40
25
7
32
29
36
18
15
250
23
65
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total
Surplus,
profits,
and reCapital serves
for contingencies
342, 650
26,085
16, 893 18,014
279,995
38
31
73
14
7
3
4
10, 723
9,932
23,151
2,286
2,583
1,183
1,051
15,797
11,505
25,883
4,282
1,572
1,133
1,873
36, 298
28,934
63, 640
10,956
5,429
3,345
3,994
2,815
2,360
5,967
900
533
210
300
1,603 1,802
1,256 1,829
3,597 4,375
534
389
303
370
189
182
199
61
29,659
23,085
48,903
9,127
4,187
2,764
3,425
170
50,909
62,045
152, 596
13,085
9,291
121,150
4,685
275
173
3,940
Alaska (nonmember banks)
1,183
7,3
297
Total country banks
2, 800 1,142, 668 1,
Total United States
2,803 1,143,996 1,170,378 3,001, 729 230,520 212,647 167,922 2, 349, 595
2,993,949 230,170
212, 232 167,572 2, 342,938
CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000
CENTRAL RESERVE CITY
Chicago
3
3,666
2,958
10,376
800
445
200
8,864
2
1
5
1
3
1,106
434
11,043
1,980
5,455
1,134
1,088
11,091
2,543
4,521
2,923
1,879
25,864
6,308
14,445
500
300
1,500
400
850
65
228
2,743
633
1,517
250
1,382
391
368
2,348
1,097
19,782
4,882
11,650
OTHER RESERVE CITIES
Brooklyn and Bronx
Buffalo
Philadelphia.
Baltimore
Digitized forWashington
FRASER
REPORT OP THE COMPTROLLER OF THE CURRENCY
243
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 80, 1933—Continued
CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000—Continued
[In thousands of dollars]
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Location
Total
Surplus,
profits,
and reCapital serves
for contingencies
Circulation
Total
out- deposits
standing
OTHER RESERVE CITIES—COntd.
Charlotte
El Paso
Fort Worth___
Galveston
San Antonio
Waco
Nashville
Cincinnati
Chicago
Minneapolis
St. Paul
Des Moines
Dubuque
Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha
Kansas City, Kans
Topeka
Wichita
Helena
Oklahoma City
Tulsa
Total other reserve cities.
1,926
1,246
5,286
7,950
1,506
121
4,392
4,356
1,253
578
2,392
3,483
2,885
1,016
1,122
5,957
1,827
5,139
709
516
1,611
2,788
4,539
2,604
2,967
1,084
8,217
4,590
3,103
4,186
4,530
6,527
2,441 12,531
5,897
3,252
3,181
2,073
1,108
902
2,109
1,012
1,649
737
4,684
1,010
5,512
1,651
2,383
2,563
80,543 114,953
5,401
18,403
2,681
13,189
3,356
7,727
5,561
9,662
13,156
1,778
5,726
11,595
5,558
19,604
10,189
17,566
17,863
13,682
7,1
2,572
4,423
3,250
9,428
9,724
7,707
279,107
14, 500
18, 393
12,721
5,987
50,865
3,010
19,097
48,588
29,197
11, 805
124, 871
5,003
56,394
3,325
2,198
1,722
9,850
450
4,966
83 113,018 110,073
275,858
114,304 131,968
75,240 77,830
147,475 133,506
5,041
5,497
7,983
6,865
350,043 355,666
290,224
189,131
338,217
12, 245
17,630
847,447
23, 730
8,733
12,128
8,003
5,762
4,034
5,980
4,712
5,947
5,958
3,316 10,049
13,134 13,403
7,357
7,014
4,798
1,898
35,520 26,215
9,677
7,219
7,001
11,471
1,887
3,717
117 140, 079 108, 584
40,389
25,526
14,413
16,644
15,845
18,078
35,172
21,423
10,297
100,175
22,341
22, 797
351,368
3,325
2,415
1,815
1,100
2,000
1,750
3,975
1,700
700
7,500
1,400
2,375
750
30,805
44, 441
13, 539
40,659
14,268
15,624
18,738
3,324
9,656
115,998
38, 024
89,838
35, 721
41,816
46,129
10, 392
26,101
10,225
3,175
7,825
2,900
3,600
3,200
600
1,750
127 140,607 160,249
404,019
33,275
54
531
295
1,117
600
109
498
70
250
255
246
439
300
160
1,231
450
943
200
70
200
168
250
241
200
441
650
714
50
406
290
645
800
652
497
494
201
100
16
200
101
200
119
200
471
134
144
25
15,396 8,952
4,244
16,043
2,347
11,745
2,686
6,976
4,492
7,866
10,985
1,308
4,974
10,847
4,716
17,169
9,006
16,002
15,506
12,173
6,997
2,256
3,915
2,531
8,446
9,076
7,088
239,153
1,322
1,796
1,100
6,266
450
3,322
40,873
22,495
8,015
99,352
2,953
44,145
22,511
18, 796 14, 256
217,833
20,902
14,281
25, 240
913
1,464
62,800
17,868
12, 265
38,121
2,440
856
71,550
12,745
7,976
17,593
580
607
39,501
233,650
149,604
252,084
8,290
14,663
658, 299
2,144
1,671
797
784
1,481
1, '-"
3,275
800
499
3,852
939
1*138 1,825
550
145
20, 271 19,815
31, 059
19, 783
10,956
13,340
11,037
14,316
25,381
18,175
8,611
83,068
18,304
17,287
6,654
277,971
300
600
200
400
350
250
300
400
700
200
350
250
200
1,050
700
600
900
500
650
200
200
400
300
500
450
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States
17,118
11,377
4,105
50,607
1,497
28,314
England
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..
12
46.150
14,164
24, 722
9,547
15,473
15.151
5,596
9,804
2,863
2,647
946
7,876
1,048
3,416
3,471
1,152
763
1,286
1,309
798
2,193
730
478
5,422
9,167
1,274
4,243
1,197
2,081
1,878
363
965
8,503
2,122
4,401
2,150
2,600
2,012
400
I,-
86,102
30,420
73, 210
25,352
33,431
38,841
8,329
21,542
21,168 23,687
317,227
244
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 30, 1933—Continued
CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000-Contmued
[In thousands of dollars]
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Location
Total
assets
Surplus,
profits,
and reCapital serves
for contingen-
Circulation
Total
out- deposits
standing
COUNTRY BANKS—continued
North Dakota
South Dakota
Nebraska
Kansas
Montana
..
WyoTning
Colorado. _ ._
New Mexico
Oklahoma
_
_
Total Western States
Washington
Oregon
California
Idaho
Nevada
Arizona.
.
_
__
4
4
2
9
8
3
4
1
7
4,610
2,787
2,889
8,558
7,655
3,044
6,819
934
5,720
6,796
5,792
2,400
5,308
18,215
2,751
6,391
1,807
9,090
15,204
11, 455
7,027
21,922
37,868
10,354
19,406
4,604
24, 111
1,000
875
400
1,850
1,800
800
1,000
300
1,700
556
537
354
1,231
2,472
502
739
59
811
550
300
270
765
1,091
200
875
300
1,071
13,008
9,364
5,985
18,069
32,433
8,846
16, 772
3,938
20,488
42
43,016
58,550
151,951
9,725
7,261
5,422
128,903
2
4
18
1
1
2
1,255
2,677
18,055
1,152
988
1,968
1,741
3,723
18,689
899
4,457
7,322
4,337
9,845
48,572
2,728
7,307
12,060
400
800
4,450
200
200
700
346
546
2,786
110
133
244
400
547
3,424
100
198
700
3,188
7,950
37,486
2,318
6,741
10,404
36,831
4,165
5,369
68,087
Total Pacific States
28
26,095
84,849
6,750
Total country banks
646
812,858
829,953 2,115,492
165,866
143, 211 108,050 1,668,320
Total United States
703
897,067
947,864 2,404,975
181,166
159,052 117, 202 1,916,337
CAPITAL STOCK OF $500,000 BUT LESS THAN $1,000,000
CENTRAL RESERVE CITIES
New York.
Chicago
Total central reserve cities.
1,061
6,150
3,005
3,746
5,485
14,544
1,000
1,000
528
472
200
3,463
12,835
7,211
6,751
20,029
2,000
1,000
669
16, 298
9,519
2,851
2,692
5,695
14,097
2,472
547
2,873
1,:
1,694
4,546
2,783
3,865
2,726
9,025
2,465
5,127
5,198
17,175
12,109
7,584
17,221
36,722
9,912
3,875
9,652
9,022
7,891
16,045
13,292
9,000
6,046
20, 267
11,153
20,086
18,993
6,133
14,085
6,606
10,507
18,853
26,056
17,467
13,310
4,006
4,184
34, 278
2,025
1,000
700
1,350
2,050
1,000
600
750
750
600
1,100
600
500
600
1,260
1,650
500
1,600
500
500
850
750
750
1,000
1,100
500
500
500
500
1,850
782 1,225
497
1,247
700
344
800
1,127
500
2,220
1,248 1,000
50
277
430
600
267
963
656
500
221
485
1,211
250
212
820
1,872
500
362
500
1,031
200
1,392
50
355
494
126
850
378
245
380
300
188
896
669
794
2,001
500
1,046
158
500
73
500
112
1,392 1,800
13,060
8,096
5,826
13,872
31,900
6,619
3,059
8,624
7,034
6,279
13,272
11,921
6,258
4,984
16,303
8,617
18,055
15,523
5,216
5,860
11,984
5,189
9,266
16, 288
22,081
15,317
12,647
2,930
3,071
29,161
408,510
27,935
OTHER RESERVE CITIES
Brooklyn and Bronx
Philadelphia
Pittsburgh....
Baltimore
Washington
Charlotte
Savannah
Fort Worth
Galveston
Houston.
___
San Antonio
Nashville
...
Cincinnati
Chicago
Peoria
Grand Rapids
Cedar Rapids
Kansas City, Mo
St. Joseph
St. Louis
Lincoln...
Omaha
Kansas City, Kans
Topeka
Denver
Pueblo
Oklahoma City
Spokane
Oakland
Salt Lake City
_
Total other reserve cities
7,830
1,846
5,299
9,616
4,441
1,686
2,522
4,495
3,230
4,702
6,247
3,218
874
6,354
3,974
8,763
6,874
1,511
504
3,986
4,474
3,412
3,576
6,600
2,439
823
1,076
1,772
8,121
47
125,068
5,393
5,670
867
3,729
7,790
13, 357
5,595
5,967
1,622
V
15, 275
149,040
21,827 16,4
338,312
REPORT OF THE COMPTROLLER OF THE CURRENCY
245
TABLE N O . 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 30, 1933—Continued
CAPITAL STOCK OF $500,000 BUT LESS THAN $1,000,000—Continued
[In thousands of dollars]
Location
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Total
assets
Surplus,
profits,
and reCapital serves
for contingencies
Circulation
Total
out- deposits
standing
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States.
New York
New Jersey
.
__ _
Pennsylvania.
_Maryland
Total Eastern States
Virginia .
West Virginia
North Carolina
Georgia
Florida _._
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio
_Indiana
Illinois
Michigan
Wisconsin
Minnesota. _.
Iowa
Total Middle Western
States
New Mexico
,. .
Oklahoma
Total Western States
Washington
_ .
California
Idaho
Arizona
Total Pacific States
Total country banks
Total United States
4
1
2
12
4
5
10,894
1,180
4,941
41,370
13,199
20,968
13,194
1,741
2,902
35,853
9,018
10,804
33,653
3,429
9,220
95,319
26,006
40,402
2,600
500
1,300
6,700
2,400
2,850
1,136
82
478
5,080
2,184
2,747
1,393
250
750
2,997
1,846
1,093
28,404
2,597
6,641
79,631
19,481
33,362
28
92, 552
73,512
208,029
16,350
11,707
8,329
170,116
17
9
23
1
51,401
38,385
89, 619
3,910
51, 733
50, 577
74,169
1,096
121,849
105, 278
202,122
6,092
9,750
5,455
13,810
500
6,026 6,975
6,038 3,714
18,764 10,921
183
397
94,447
88,338
157,418
5,011
50
183,315
177, 575
435,341
29,515
31,011 22,007
345,214
7
2
1
1
2
1
2
6
3
1
3
16,467
13,314
3,346
3,095
1,761
2,096
3,475
3,018
13,175
7,493
1,612
5,111
7,737
7,636
3,269
1,585
1,945
986
2,492
1,912
8,599
7,467
881
7,709
29,899
26,550
8,647
6,533
5,354
4,717
6,896
8,141
32, 022
18,980
3,163
23, 221
3,750
2,750
1,100
500
800
1,000
500
1,100
3,700
1,600
500
1,650
34
73,963
52, 218
174,123
18,950
6
5
7
4
7
2
1
22, 292
12,904
15, 711
9,845
17,761
2,345
2,122
10,858
16,003
23, 214
7,520
17, 364
4,069
2, 834
43,125
42,997
53, 626
26,042
46,853
9,930
6,872
3,000
2,820
3,750
2,710
3,850
1,200
500
32
82,980
81,862
229,445
17,830
1
1
723
1,373
1,589
3,627
4,238
6,569
500
500
c
1,062
1,582
439
330
211
199
334
181
1,656
1,174
750
592
2,843
1,800
550
200
785
375
300
412
2,544
1,175
226
1,000
21,697
19,713
6,554
5,475
3,548
3,132
4,333
6,440
24,073
14, 463
1,686
19,966
8,510 12, 210
131, 080
3,141
2,057
1,920
1,114
3,687
489
318
2,244
1,800
3,196
1,800
3,188
771
250
33,154
36, 269
44, 626
18,342
36,019
7,424
5,729
12, 726 13,249
181, 563
134
231
250
500
3,354
5,329
2
2,096
5,216
10,807
1,000
365
750
8,683
5
7
1
1
9,858
24,438
1,464
1,735
11, 234
18,162
3,981
1,672
28,823
55,086
9,340
5,839
2,600
3,850
500
500
991
2,514
139
424
2,149
3,098
300
402
22, 578
43,862
8,101
4,504
35,049
4,068
5,949
79,045
68,387 62,494
915, 701
14
37,495
99,088
7,450
160
472,401
425,432 1,156,833
91,095
211
604, 680
581, 223 1, 585,372
121, 030
91,214 79, 632 1, 270,311
CAPITAL STOCK OF $1,000,000 BUT LESS THAN $5,000,000
CENTRAL RESERVE CITIES
New York
Chicago
Total central reserve
cities __ . .
106093—35- -17
3
5
9,223
32,485
29,707
39,185
50, 565
140,052
4,429
8,500
2,924
3,587
3,298
2,150
39,143
125,411
8
41,708
68,892
190,617
12,929
6,511
5,448
164, 554
246
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 30, 1933—Continued
CAPITAL STOCK OF $100,000,000 BUT LESS THAN $5,000,000—Continued
[In thousands of dollars]
Loans
and discounts, Investoer of includbanks ing re- ments
discounts
Location
Total
assets
Capital
Surplus,
profits,
and reserves
for contingencies
CirculaTotal
tion
out- deposits
standing
OTHER RESERVE CITIES
Boston _
Brooklvn and Bronx
Philadelphia
Pittsburgh
Baltimore.
Washington
Richmond
Atlanta
Jacksonville—
New Orleans
Dallas
Fort Worth
_
Galveston _
Houston..
San Antonio
Waco
LouisvilleMemphis
Cincinnati.
Cleveland
Columbus
Indianapolis
Peoria
Detroit.
Milwaukee
Minneapolis
St. Paul..
Des Moines
.
Kansas City, Mo
St. Louis
Omaha
Wichita
Denver
Oklahoma City
Tulsa
Seattle
Spokane
Portland
_
Los Angeles
San Francisco
Ogden
Total other reserve cities..
4
2
6
1
2
3
2
1
3
3
1
1
6
2
1
£
1
1
3
1
1
1
1
2
I
2
2
•
81
156,721
3,102
239,631
22,846
120,142
89,688
56, 386
20,133
60,460
126,106
13, 598
52,154
7,909
135,951
28,369
10,140
61,411
78, 670
9,223
74,812
80,254
78,778
16,059
55, 556
20,487
10, 543
15,815
25,145
96,159
28,114
68, 774
31,331
92, 674
11,219
30,116
54,047
8,967
122,924
98,339
5,792
11,183
183,064
6,975
298,144
30,501
138, 694
104,377
65, 295
22,148
72,016
146, 296
16,484
59, 584
10,076
159,088
35,584
12,423
69,828
94,157
12,0*^5
88,066
98,195
93,164
21, 374
60,875
25, 675
12, 371
19,107
31, 454
104,845
31, 689
77,888
36, 282
105,966
13, 891
34,385
66,153
10, 737
140, 908
114,488
8,357
13,141
7,500
2,316
16,126
2,000
5,500
5,050
4,000
1,000
6,000
8,200
2,000
4,000
1,000
8,500
3,200
1,000
2,000
5,500
1,000
8,700
7,200
6,050
2,000
3,000
2,200
1.000
2, 500
4,500
4,250
2,500
5,350
2,000
5, 500
1,700
2,500
5,000
1,000
6,500
5,000
1,000
1,100
13,940
1,139
32,954
5,111
7,789
4,380
3,623
612
1,846
5,488
333
1,759
165
6,817
1,615
282
4,047
5,319
827
2 423
5,579
5,102
1, 315
2,063
1,148
237
203
648
3,793
906
1,559
1,819
3,395
356
457
3,161
263
4,232
5, 547
193
360
827,420 1,110,885 2, 745, 570
166, 442
142,805 88,403 2,329, 728
43,015
7,496
39, 288
106,916
15,315
137, 675
7,770
1,500
10, 010
76,409
2,315
125,553
11,937
12,898
27,668
23,423
7,879
13, 796
60,339
6,384
23,399
3,432
42,323
8,545
4,597
19,434
33,940
5,609
25, 031
34,811
21, 713
7,655
11, 671
6,970
5,273
4,370
9,292
22,300
7,930
19,931
5,163
20,799
4,719
11,491
21,838
1,816
31, 633
33,848
3,668
5,618
53,444
1,899
93,103
11, 254
86, 694
46,007
26,013
6,888
38,998
46,131
4,833
13,915
4,884
57,953
14,819
4,119
28, 762
28,235
4,114
45, 222
39,198
31,013
6,927
24,919
12,974
4,300
8,511
10, 333
43,491
16,181
32,152
19, 063
48, 095
5,050
9,554
29, 214
3,177
75,401
66, 299
3,181
4,565
990
400
4,672
500
4,500
5,043
1, 000
300
3, 613
5,000
500
1, 500
985
7,336
2,183
1,000
1,950
4, 500
823
1,985
4,900
3,000
2,000
1,700
494
497
99^
595
101
2,000
1,000
3,985
600
99$
3,367
500
6,491
5,000
1,000
400
COUNTRY BANKS
M assachusetts
Rhode Island
Connecticut
Total New
States
_
England
Total Eastern States
83,967
10,004
112, 790
19,280
18, 565 11, 564
206,761
10,563
14, 598
8,500
12,308
12, 565
16,427
8,798
9,299
4,696
160,809
184, 456
80, 778
528,481
33, 661
41, 300 22, 793
426, 043
88,200
33,165
13,974
43, 592
49, 265
32, 819
9,648
11,31
36, 062
8,000
3,062
l,80C
3,950
3,00
2,00C
1,00
1,00
3,00
7,992
2,450
1,000
2,746
3,00C
2,000
1,000
990
2,976
67, 335
25, 532
11, 094
35,508
38,161
27,643
7,418
8,363
28, 637
318, 037
26,812
13, 754 24,154
249, 691
38, 229
5,633
57, 724
12
101, 586
89,799
259,906
61,095
93,937
46,794
100,037
78,523
42,973
193,210
224,172
111, 099
201, 826
221, 533
37, 665
15,14
2,83
10,114
18,08
13,85
2,794
7,06
13,199
26,68
8,44
5,96
21,17
17,22
7,12
2,55
2,12
12,848
120, 743
104,14C
New York
New Jersey _
Pennsylvania
Virginia
West Virginia
.
-Smith Carolina
Florida
Alabama
LouisianaTexas .
Kentucky.. _
Tennessee...
Total Southern States—
5, 512
1,491
4,561
1
24
2
7,416
2,188
8,961
4,311
2,088
20
1,301
3,245
525
208
928
1,128
REPORT OP THE COMPTROLLER OP THE CURRENCY
247
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 30, 1933—Continued
CAPITAL STOCK OF $1,000,000 BUT LESS THAN $5,000,000—Continued
[In thousands of dollars]
Location
Number of
banks
Loans
and discounts,
includ- Investing re- ments
discounts
Total
assets
Surplus, Cirprofits, culaand reCapital
tion
Total
serves outdeposits
for con- standtingen- ing
cies
COUNTRY BANKS—continued
Ohio
Indiana
Michigan. .
Wisconsin
Minnesota __
„
_
Total Middle Western
States
__
Washington..
California
Total Pacific States
T h e Territory of Hawaii (nonmember bank)
Total country banks _ _ _
Total United States
4
2
2
2
2
24,794
7,099
8,784
10,413
11, 772
13,536
8,740
9,534
7,247
12,086
51,641
22,635
25,996
24,150
36, 069
4,250
2,250
2,250
2,000
4,000
12
62,862
51,143
160,491
14, 750
1
1
6,009
11,326
4,509
7,711
14, 667
23,876
1,000
1,000
985
835
700
1,000
11,965
21,002
2
17, 335
12, 220
38,543
2,000
1,820
1,700
32,967
13,632
1,703
3,123
30,703
1
16, 691
72
521,043
3,870
1,740
1,350
1,200
2,000
39,792
17,201
21,334
19, 677
28, 248
7,078 10,160
126, 252
2,999
531
965
944
1,639
38,933
3,350
492,467 1,344,391
99,853
84,220 73,494 1,072,417
161 1,390,171 1, 672,244 4, 280, 578
279, 224
233, 536 167,345 3, 566, 699
C A P I T A L S T O C K O F $5,000,000 B U T LESS T H A N $25,000,000
CENTRAL RESERVE CITY
New York
,
172,261 399, 261
696,621
25,250 103,358 14,931
79,053 51, 544
96,971 123,179
79,991 250,322
34, 268 33,712
34,976 14,993
27,247 13,449
64,134 36,936
26, 692 10,979
25,246 21, 520
46,101 30,564
83,997 89,140
69,969 44,924
88,761 59,605
41, 594 37,786
62, 788 54, 351
16,149 19,950
9,348
17, 639
22, 613 48,346
54,917 23, 041
160, 777 116, 204
192,287
312,761
411,128
93,027
70, 004
57,347
154,998
45,682
70, 293
99,284
215, 549
153, 597
216, 554
112,948
177,144
51,445
39,729
88, 457
98,817
360, 202
20,000
14,000
19,500
5,400
5,000
10,000
14,000
7,000
6,000
5,000
17,500
10,000
11,000
6,000
12,000
5,000
6,000
8,000
5,000
29,900
536,992
OTHER RESERVE CITIES
Boston
Philadelphia
Pittsburgh
Atlanta
Savannah
Birmingham
Dallas
Nashville
Cincinnati
Cleveland
Detroit
Milwaukee
Minneapolis
St. Paul
St. Louis
Oklahoma City
Tulsa
Seattle
Los Angeles
San Francisco
Total other reserve cities.
26 1,133,883 1, 089,893 3, 021, 253 216,300
11,926
23,901
40,477
5,366
2,732
5,592
6,118
381
4,958
3,095
8,206
6,944
8,751
4,745
4,738
1,560
2,187
1,982
7,351
18,063
7,481
17,395
4,"
3,285
2,500
7,027
3,000
699
5,000
10,000
6,107
2,088
1,000
4,966
1,000
7,000
2,000
18, 511
151,403
254,136
330,857
77,024
58,748
38,811
125,366
29,724
58,098
85,388
189,693
125,921
189,157
98,116
158,582
39, 919
28,017
71,125
82,688
290,960
169,073 103,908 2,483, 733
COUNTRY BANK
Pennsylvania
Total United States
26, 594
42,945
80, 263
5,000
3,750 5,000
66,493
30 1, 332, 738 1, 532,0993,798,137 246,550 276,181123,839 3,087,218
248
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 21.—Principal items of assets and liabilities of licensed national banks,
classified according to capital stock, Dec. 80, 1988—Continued
CAPITAL STOCK OF $25,000,000 BUT LESS THAN $50,000,000
[In thousands of dollars]
Loans
and disNum- counts, Investber of includbanks ing re- ments
discounts
Location
Total
assets
Surplus,
profits,
and reCapital serves
for contingencies
Circulation
Total
out- deposits
standing
CENTRAL RESERVE CITIES
1
199,823
155, 771
644,934
25,000
20,853
582,865
Boston..
._ .__
Los Angeles
.
Total other reserve cities.
1
1
255,163
248, 759
164,599
143, 719
591,291
505,340
44,500
30,000
41,443
22,991 $12,025
483, 663
438, 328
2
503,922
308, 318 1,096. 631
74, 500
64, 434 12,025
921,991
Total United States
3
703, 745
464,089 1, 741,565
99, 500
85, 287 12, 025 1, 504,856
Chicago,.-
_
OTHER RESERVE CITIES
CAPITAL STOCK OF $50,000,000 OR MORE
CENTRAL RESERVE CITIES
New York.
Chicago
Total central reserve cities
814,425 2,866, 632
241,901
746, 724
272,000
75,000
150,486 43,120 2, 200,871
620,910
25,351
3 1,425,3111,056,326 3, 613,356
347,000
175, 837 43,120 2,821, 781
2 1,155,842
1
OTHER RESERVE CITY
S a n Francisco
Total United States
G r a n d total United States
456,166
309,801
929, 775
4 1, 881, 477 1, 366,1274, 543,131
50,000
397,000
54,912 45,500
765,913
230, 749 88, 620 3, 587, 694
5,159 8,104, 209 7,870, 772 21, 747, 483 1, 588, 250 1, 313, 916 778, 566 17, 589,882
TABLE NO. 22.—Number and amount of deposits in licensed national banks at the close of business May 13, 1933, by Federal Reserve districts
[Amounts in thousands of dollars]
Location
Number Number
active reporting
banksi
banks
Balances not exceed- Over $2,500 and not Over $5,000 and not Over $10,000 and not
ing $2,500
exceeding $10,000
exceeding $50,000
exceeding $5,000
Number
Maine
New Hampshire
Vermont . .
Massachusetts
Rhode Island
Connecticut
Total district no. 1..
Connecticut
New York.
New Jersey
Total district no. 2
Pennsylvania
New Jersey
Delaware
Total district no. 3
Pennsylvania
Ohio
West Virginia
Kentucky
Total district no. 4
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Total district no. 5
Amount N u m b e r Amount Number Amount N u m b e r
Number
Amount
Total
Number
Amount
24
48
31
127
10
46
24
48
31
127
10
46
102,035
107, 715
69, 041
866,151
31, 590
222,104
26,145
19,922
14,860
209, 627
8,751
50, 511
3,142
1,710
1,461
22, 989
1,328
4,735
10, 587
5,905
5,042
79, 235
4,721
16, 460
1,296
733
557
10,915
665
2,095
8,430
4,850
3,695
74,560
4,508
14,052
581
426
220
8,279
400
1,194
10, 586
7,677
3,773
173, 407
7,649
22, 778
68
71
12
2,501
67
251
7,572
8,998
970
469, 721
- 8,432
50, 684
107,122
110,655
71, 291
910,835
34, 050
230, 379
63,320
47,352
28, 340
1, 006, 550
34,061
154, 485
286
286
1,398, 636
329, 816
35, 365
121, 950
16, 261
110,095
11,100
225, 870
2,970
546,377
1, 464, 332
1, 334,108
11
406
136
11
406
136
57,998
2,342, 535
797, 655
13, 777
494, 369
178, 063
1,421
51, 077
31,096
4,904
178,161
59, 236
584
26,072
7,321
3,682
178, 380
49, 585
348
19,162
3,130
6,730
388,356
61,800
55
6,856
330
5,740
2, 024, 635
53, 777
60, 406
2,445, 702
839,532
34, 833
3, 263,901
402, 461
553
553
3,198,188
686, 209
83, 594
242,301
33, 977
231, 647
22, 640
456,886
7,241
2, 084,152
3,345, 640
3, 701,195
442
73
15
442
73
15
1, 841, 688
310, 010
26, 878
354, 478
51, 596
5,101
38, 026
4,884
647
125,323
16,838
2,256
15, 700
2,108
345
106,131
14,176
2,352
8,380
985
127
160, 348
17, 345
2,138
1,730
131
15
351,816
31,223
2,013
1,905, 524
318,118
28,012
1, 098, 096
131,178
13,860
530
530
2,178, 576
411,175
43,557
144,417
18,153
122, 659
9,492
179,831
1,876
385, 052
2, 251,654
1, 243,134
159
208
6
48
159
208
6
48
717,989
931,475
27,114
151, 297
138, 457
168,828
4,457
22, 569
15, 234
12, 760
542
2,120
52,834
44,314
1,873
7,398
6,791
5,900
229
953
45,903
39,947
1,556
6,526
4,202
4,081
99
449
81, 338
80, 502
2,067
7,899
1,224
845
9
30
246,046
129, 571
676
3,071
745, 440
955,061
27,993
154,849
564,578
463,162
10, 629
47, 463
421
421
1, 827,875
334, 311
30, 656
106,419
13, 873
93, 932
8,831
171,806
2,108
379, 364
1,883,343
1, 085,832
40
8
121
55
32
15
40
8
121
55
32
15
155, 409
129, 237
542, 597
275,142
123,636
53,189
40, 570
28, 067
86, 418
31, 572
14, 972
6,333
4,883
2,954
7,825
2,429
986
462
17, 097
10, 276
26, 729
8,324
3,336
1,576
2,635
1,519
3,350
1,025
482
268
17,833
10,338
22,947
6,949
3,238
1,846
1,678
1,098
1,945
574
370
149
31, 967
21, 544
37, 504
10, 642
6,891
2,722
321
256
306
92
38
125
65,132
45, 068
46, 578
14, 840
3,520
2,703
164,926
135, 064
556,023
279, 262
125,512
54,193
172, 599
115,293
220,176
72, 327
31, 957
15,180
271
271
1, 279, 210
207,932
19, 539
67, 338
9,279
63,151
5,814
111,270
1,138
177, 841
1, 314,980
627, 532
i Exclusive of 5 nonmember national banks in the territories of Alaska and Hawaii which were also active May 13, 1933.
Amount
Over $50,000
o
o
1-3
W
to
CO
TABLE N O . 22.—Number and amount of deposits in licensed national banks at the close of business May 18, 1983, by
Federal Reserve districts—Continued
[Amounts in thousands of dollars]
Number N u m b e r
active reporting
banks banks
Location
Tennessee
Mississippi Alabama
Georgia
-Florida
Louisiana
Total district no. 6
Michigan
Illinois
Indiana
Wisconsin
Iowa
Total district no. 7
Illinois
Indiana
_
Missouri
Kentucky
Tennessee _
Mississippi
Arkansas
Total district no. 8
Montana
North Dakota
South Dakota
Minnesota
Wisconsin
Michigan
Total district no. 9
.
Balances not exceed-
ing $2,500
Number
Over $2,500 and not Over $5,000 and not Over $10,000 and not
exceeding $5,000
exceeding $10,000
exceeding $50,000
Over $50,000
Amount Number Amount Number Amount Number Amount Number Amount
to
O
Total
Number Amount
55
12
66
47
44
12
55
12
66
47
44
12
230,645
64, 265
330,086
466,946
226, 644
153,072
30, 657
10,351
34, 582
47,074
32, 707
20,517
2,579
1,032
3,083
5,301
2,938
1,974
9,247
3,584
10,464
14,080
10, 365
7,001
1,215
495
1,496
2,036
1,557
998
8,207
3,425
10,420
13,694
10,930
6,932
798
318
1,020
1,476
1,293
737
15,955
5,877
19,167
30,333
24,424
16, 410
153
30
141
419
264
184
21,847
3,950
25,551
67, 820
55, 464
28,317
235,390
66,140
335,826
476,178
232,696
156,965
85,913
27,187
100,184
173,001
133,890
79,177
236
236
1,471, 658
175,888
16,907
54, 741
7,797
53, 608
5,642
112,166
1,191
202,949
1,503,195
599,352
30
146
67
52
84
30
146
67
52
84
202, 236
1, 283, 397
277,027
448,164
207, 200
48,400
224,184
40,197
74, 260
34,151
4,662
23, 320
3,288
6,327
2,782
16, 278
81,410
11,362
21, 736
9,487
2,076
12,517
1,536
2,729
1,429
14,138
86,541
10,136
18,407
9,628
1,420
10,264
1,205
1,976
1,090
27,551
209, 705
23,066
39,401
22,100
323
3,133
270
391
189
96,323
751,677
42, 745
65, 618
31,901
210, 717
1,332,631
283,326
459, 587
212, 690
202,690
1, 353, 517
127,506
219,422
107, 267
379
379
2,418,024
421,192
40,379
140, 273
20, 287
138,850
15,955.
321,823
4,306
988, 264
2,498,951
2,010,402
84
36
53
38
12
9
45
84
36
53
38
12
9
45
164,938
89,468
285,360
166, 693
179, 286
22,933
101,537
29, 276
15,906
54, 296
24, 964
20, 637
2,956
15, 495
2,218
1,184
6,286
2,035
1,984
222
1,409
7,473
4,143
16,808
6,925
6,936
809
4,901
880
533
2,255
992
1,107
101
671
6,029
3,609
14,606
6,344
7,506
681
4,617
590
369
1,915
751
802
50
463
10,981
7,541
38, 766
15,323
15,967
814
9,073
108
57
492
168
121
10
70
15,116
6,659
91,206
23,488
16, 037
884
10,105
168, 734
91, 611
296,308
170,639
183, 300
23,316
104,150
68,875
37,858
215,682
77,044
67,083
6,144
44,191
277
277
1,010, 215
163,530
15,338
47,995
6,539
43,392
4,940
98,465
1,026
163,495
1,038,058
516,877
47
67
63
200
31
19
47
67
63
200
31
19
74,108
92,384
81,997
727,194
59,355
58, 217
16,364
16,986
13,170
137,140
12, 526
12,846
1,518
1,357
1,056
12, 552
1,061
1,472
5,680
4,725
3,669
43,884
3,578
5,035
827
637
503
5,669
424
624
5,546
4,194
3,440
38, 551
2,821
4,061
487
349
331
3,853
186
267
9,359
6,605
6,691
76,871
3,311
4,576
79
48
60
797
25
26
9,903
5,388
8,597
147, 430
2,573
2,205
77,019
94, 775
83,947
750, 065
61,051
60, 606
46,852
37,898
35, 567
443,876
24,809
28, 723
427
427
1, 093, 255
209,032
19, 016
66,571
8,684
58, 613
5,473
107,413
1,035
176,096
1,127, 463
617, 725
§
W
Q
O
W
o
Wyoming
Colorado.
Nebraska
Kansas
Oklahoma
Missouri
New Mexico
__ ._
_. _
Total district no. 10
Texas
Oklahoma . .
Louisiana
New Mexico
Arizona
Total district no. 11
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
.
25
73
129
198
207
30
6
25
73
129
198
207
30
6
8,774
51, 381
47,581
53,173
55, 551
25,753
3,204
817
4,457
3,676
3,666
4,333
2,427
251
2,839
15,621
12, 438
12, 299
15, 201
12,363
932
360
2,033
1,869
1,769
2,319
1,353
121
2,583
14,192
12, 695
12, 263
15,826
9,476
817
278
1,355
1,569
1,348
2,092
1,355
91
5,778
25,100
30,946
28, 253
42, 299
28, 501
1,835
52
338
283
,236
485
317
17
5,880
56, 544
38, 292
27,760
82,433
49, 689
2,638
55,513
253,927
282,882
374,984
454,893
124,043
19,672
25,854
162,838
141,952
133,748
211,310
125,782
9,426
668
668
1,526,647
245,417
19, 627
71, 693
9,824
67,852
8,088
162,712
1,728
263, 236
1,565,914
810,910
450
9
8
16
3
450
9
8
16
3
1,169,055
10,557
23, 655
22,881
11,185
174,120
1,138
6,551
2,780
2,463
15,354
60
607
181
138
53,653
208
2,541
617
482
7,997
27
414
93
59
55, 480
208
2,872
658
412
6,105
46
343
62
44
118, 217
984
6,671
1,157
878
1,091
3
59
11
16
150,404
364
8,142
1,197
4,452
1,199,602
10,693
25,078
23, 228
11,442
551,874
2,902
26,777
6,409
8,687
486
486
1, 237,333
187, 052
16,340
57,501
8,590
59, 630
6,600
127,907
1,180
164, 559
1, 270,043
596,649
63
57
135
22
14
6
5
63
57
135
22
14
6
5
252, 693
290,527
2,453,853
30,368
51,788
12,329
17, 579
45, 218
53,837
491,870
5,672
8,850
3,186
3,524
3,937
4,458
48,412
422
836
375
256
13,683
15,455
167,181
1,501
3,048
1,332
901
1,831
1,878
22,653
189
461
186
113
12, 719
12, 665
153,407
1,262
3,077
1 238
821
1,328
1,012
12,566
111
282
65
89
26, 568
19, 245
233,912
2,166
5,659
1,120
1,512
278
233
1,960
17
52
9
8
41, 588
47, 742
374, 063
1,978
8,270
774
592
260,067
298,108
2,539,444
31,107
53,419
12,964
18,045
139,776
148,944
1,420,433
12,579
28,904
7,650
7,350
302
3,109,137
612,15 7 58, 696
203,101
27,311
475,007
3, 213,154
1, 765, 636
Total district no. 12
302
Total United States
4,836
Ratios (percent)
Average deposit account
54,006
245, 744
275,485
367,965
445,664
118,591
19,192
4,836 21, 748, 754 3,983,711
96.76
26.72
$183.17
399,014 1, 324,300
1.78
8.88
$3,318. 93
185,189
15,453
290,182
2,557
180, 575 1, 228, 618
120,028
2,366, 331
28, 356
8.24
$6,803. 92
.53
15.87
$19,714. 82
.13
.80
W
o
o
6, 006, 392 22,476, 727 14,909,352
40.29
$211,820.85
$663. 32
NOTE.—Figures in the foregoing table were obtained pursuant to a resolution adopted by the Committee on Banking and Currency of the United States Senate May 13, 1933,
directing the Comptroller to issue by telegraph the necessary call on national banks for the information and to require telegraphic response.
n
O
H
W
a
9
Q
fcO
Or
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1933
fcO
Or
fcO
DEPOSITS NOT EXCEEDING $2,500
[Amounts in thousands of dollars]
Totals
State, county,
and municipal
funds
United States
Government
deposits
Postal Savings
Deposits of
other banks
Certified and
cashiers' checks
and cash letters
of credit outstanding
Other deposits
Active accounts
O
Dormant accounts 2
Location
Number A m o u n t
of deof deposposits
itors
NumNumNumNumNumN u m b e r Amount
ber of Amount ber of Amount ber of Amount ber of Amount ber of Amount
of deposof dedeposi- of de- deposi- of de- deposi- of de- deposi- of de- deposi- of deposits
posits
itors
posits
posits
posits
posits
tors
tors
tors
tors
tors^
Number of
depositors
Amount
of deposits
O
o
CENTRAL RESERVE CITIES
1,083,081
869, 272
196, 763
157,462
278
219
114
136
1
1
3,173
3,039
2,106 122,540
1,652 44, 035
Total central reserve
1,952, 353
cities
354, 225
497
250
1
1
6,212
86,114
8,167
384
46, 783
38,751
18, 702
30, 798
9,985
3,065
20,048
13, 350
8,858
5,584
21,700
19,542
4,109
10,886
5,364
24,428
81
3
53
1
429
328
12
5
9
1
9
2
7
2
34
72
39
24
39
23
2
117
5
23
3
39
6
9
3
3
1
6
20
422
290
103
338
57
4
142
91
51
34
289
124
15
85
44
117
461
261
79
53
62
1
130
62
47
25
217
108
19
76
40
110
New York
Chicago
-
-
W
857,573
574, 724
185,204
148,330
99,515
247,255
2,303
3,774
3,758 166, 575
10,606 1, 432, 297
333, 534
346,770
6,077
5,859
405
27
2,833
78,586
858
5,349
1,411
305
1,611
663
967
637
6,231
4,426
1,016
1,741
302
3,337
1,242
275, 222
89
34, 501
2
1,898
478
187,444
1,836
135,915
167
43,061
174
127,869
70
46,401
28
19,841
110
127, 551
62
71,634
91
66, 786
41
26,662
289
144, 397
490
75,856
101
15,996
203 * 76,411
59
21,025
323
95,981
83,435
8,027
382
44,936
36,304
18, 324
30,101
9,751
2,990
18,763
12,850
8,369
5,101
20,197
18, 526
3,904
10, 372
5,141
23, 515
16,004
452
1,056
50
25,204
18, 756
6,912
29,979
13,977
8,573
70,557
52,007
39,576
39, 505
116,697
24,492
3,195
19,139
9,674
62, 547
899
348
125
468
102
46
1,021
337
326
417
958
412
73
231
124
459
7,036
3,570
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx.
Buffalo
Philadephia
Pittsburgh
Baltimore
Washington
Richmond
Charlotte
Atlanta
Savannah
Jacksonville - _
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
Houston
- -
- -.
297, 595
35, 361
1,925
215,915
233,552
50,943
163, 536
61,846
28,723
199,895
124,467
107,419
66,838
267,731
104,903
20, 245
97,379
31,045
161, 988
1
w
d
a
San Antonio
Waco
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Indianapolis
Chicago
Peoria
Detroit
Grand Eapids
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
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
Salt Lake City
72,868
44,100
61,788
153,141
88, 288
43, 646
116, 212
133,373
69,062
52,637
62,609
163,351
13, 300
150, 456
208,389
105,955
21, 342
43,498
18,173
36, 428
99.489
29,891
194, 520
47,088
84,817
17,659
27, 778
34,470
6 203
134,056
14 317
81,655
85, 779
118,993
23, 534
195,231
646,473
9,021
1,469, 293
3,173
33,054
11,790
4,666
12, 560
15,996
10,479
12, 261
29,526
17,123
11,950
7,846
10,308
33,907
2,778
28,035
36, 255
24, 515
3,766
7,382
1,750
3,218
17,430
5,366
37,433
5,400
16,056
3,221
3,984
6,831
1,514
26, 661
2,690
11,408
8,879
22,899
3,189
40, 234
155,241
1,446
261,799
750
6,560
21
3
18
9
4
4
12
36
2
26
2
11
2
1
4
15
19
2
9
45
22
45
50
25
6
13
23
17
3
26
45
20
11
36
11
22
38
17
5
11
10
15
7
1
23
20
12
2
30
1
1
1
14
42
4
8
6
5
98
7
62
9
23
3
4
7
8
47
7
73
25
13
Total other reserve
cities
7, 286, 416 1, 301, 720 1,170
9, 238, 769 1, 655,945
1,667
1
33
2
3
2
4
1
2
6
753
1,003
69
1
69
1
53
15
127
66
94
56
65
53
155
2
20
4
20
140
337
222
25
60
3
96
465
116
228
77
298
38
53
72
13
71
9
89
70
108
38
75
100
120
12
114
71
96
59
54
55
127
293
6
20
245
11
16
18
2
12
88
386
190
35
41
3
91
413
128
213
71
278
35
51
76
13
48
11
93
63
95
26
59
76
1,250
402
1,374
857
1,176
397
5,613
1,729
2,034
1,571
757
10, 512
113
2,399
9,715
2,343
1,492
1,387
101
410
2,051
258
3.811
1,165
2,898
383
591
1,185
192
3,268
399
4,419
2,568
4,753
1,072
3,411
27, 535
271
87, 427
142
893
11, 298
153
47,432
32,810
55
4,467
12,168
53,512
198
15, 244
121,991
181
10,045
56,293
115
11,934
37,677
93
28,350
88,040
628
126, 290
16, 386
316
59,664
258
11,482
7,654
128
43,335
52,044
9,933
85
33,062
734 142,494
39
13,145
2,716
240 143, 241
27,287
921
170,739
34,678
320
82,932
23,053
56
16, 698
3,537
213
39,423
7,027
21
1,684
13,220
31,424
3,019
72
430
79,161
16,434
32
17,909
5,111
340 122,850
36, 363
107
31, 710
5,126
319
69,510
15, 304
27
14,341
3,071
72
17,844
3,787
182
31,680
6,517
19
5,033
1,475
410 110,445
25,824
8,383
2,555
37
333
53,471
10, 744
55,484
8,207
213
21, 825
470
99,116
90
2,999
20, 811
39, 202
389
168, 255
2,570 597, 204 150,306
1,422
22
8,724
5,403 1, 281, 635 250,028
715
17
2,722
6,267
95
25, 584
24,112
10,870
6,757
30,218
30,721
5,512
22,482
5,265
7,207
7,729
9,779
10,296
192
130
69
498
222
171
446
347
81
64
254
73
4,631
27, 548
20,433
3,121
2,615
4,826
4,481
17,812
11,605
67,605
14,091
12,091
2,897
9,260
1,532
965
20, 258
5,484
23,672
27,649
15,010
1,608
23, 392
21, 627
26
99,876
303
6,532
398
230
935
130
88
28
21
152
92
494
76
143
88
67
54
7
370
62
235
392
502
66
537
2,282
2
6,044
7
169
2
6,487
5,674 310, 888
22, 258 5, 788, 727 1, 249, 294 1,179,144
23, 670
2
12, 699
9,432 477,463
32,864 7, 221,024 1, 582,828 1,525,914
29, 747
1
Represents the number of checks and letters of credit outstanding, the amount not exceeding $2,500 each.
2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
to
Or
00
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1933—Continued
DEPOSIT NOT E X C E E D I N G $2,50O-Continued
[Amounts in thousands of dollars]
Totals
State, county,
and municipal
funds
United States
Government
deposits
Postal Savings
Deposits of
other banks
Certified and
cashiers' checks
and cash letters
of credit outstanding
Other deposits
Active accounts
o
Dormant 2accounts
Location
Num- Amount Num- Amount Num- Amount Num- Amount Number Amount
Number Amount Number of Amount
ber of of de- ber of
of depos- of de- deposiof de- of depos- of deof de- deposiof de- ber of
of de- ber of
itors
posits
posits
posits deposiposits deposiposits
posits deposiitors
posits
tors
tors
tors 1
tors
tors
Num- Amount
ber of
of dedeposi- posits
tors
COUNTRY BANKS
172,987
127,872
94, 476
683, 868
31,391
303,153
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England
States
1,413, 747
New York
New Jersey
Pennsylvania
Delaware
Maryland
.
..._ —
347
381
344
255
8
149
251
286
142
163
7
111
294, 610
1,484
1,516,645 305, 528
1, 224, 981 221,955
2, 245, 417 413,029
5,384
25,641
31,116
167, 779
5,037
821
2,710
21
124
2,500
619
2,057
23
141
977, 012
8,713
5,340
80,152
39, 342
16, 366
8,793
15, 357
21, 265
31, 056
14, 534
16, 232
112, 772
185
80
74
91
377
253
225
80
258
1,540
147
65
48
70
209
278
139
32
127
860
Total Eastern'States.. 5,180,463
Virginia
West Virginia
North Carolina
South Carolina
Georgia.,
Florida
Alabama
Mississippi
Louisiana
Texas
41,906
21, 247
19, 414
137,923
8,425
65, 695
580, 476
353, 658
135,080
96, 336
155, 837
170, 643
304,114
124, 213
136, 202
900, 285
4
3
2
108
1,996
1,930
1,198
6,506
427
3,916
76
125
173
118
204
147
65
756
51
423
141, 304
91, 205
80,072
573, 594
25, 297
249, 542
40, 210 29, 315
20, 305 34,342
18, 507 12, 850
134,024 103,428
8,214
5,652
63, 298 49,473
1,220
473
602
2,770
144
1,741
216
253 15,973
1,646 1,161,014
284, 558 235,060
6,950
344
226
734
9
26
223 13,857
118 6,582
413 14, 286
118
8
997
37
1,232 1,226, 878
776 1,008,002
1,547 1, 852, 641
10
22, 769
74 134, 518
292, 871 270,529
215, 588 209, 350
399, 538 375, 046
2,724
5,215
29, 653 32,114
8,633
4,828
9,382
114
1,209
799 35, 840
3,639 4, 244, 808
942, 865 889, 763
24,166
292
48
30
35
53
46
67
69
58
459
381
246
140
76
83
289
169
84
142
1,274
77, 233
37,986
15, 831
8,494
14, 738
20, 259
30,151
14, 089
14,895
108, 405
125, 632
109, 576
33,038
35,079
55, 679
63, 966
104,177
40, 340
56, 572
199,451
2,075
993
309
117
258
386
511
250
1,003
1,729
30
344
66
55
57
58
52
78
59
72
509
4,818
2,282
2,287
1,665
812
2,884
2,838
1,026
2,018
12, 845
449, 497
241, 654
99, 626
59,444
98,911
103,488
196,796
82, 708
77, 282
685,940
1-3
W
o
o
1-3
w
O
9
Arkansas
-- Kentucky
Tennessee
Total Southern States-
130, 512
290, 267
194, 663
15 858
36, 869
26, 332
322
324
100
176
228
77
3
25
8
7
3
50
77
80
41
68
72
3 471
933
1,372
572, 286
434,928
3,909
2,456
158
29
1,557
1,338
39, 251
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
689,045
355,293
626,895
222,929
368 371
415,423
147,467
193,511
113,318
51,633
96,809
41,393
63,084
77,362
25,351
24,631
1,051
267
1,526
1,004
1,418
3,672
961
247
934
306
1 173
580
852
1,319
601
206
28
11
22
20
13
17
16
13
6
, 018,934
493, 581
10,146
5,971
140
102, 286
89, 517
162,237
344,428
75,962
77, 892
151,207
54,975
413,699
17,830
13, 940
27,707
42,519
15,893
9,717
19,976
7,726
43, 565
697
1,685
1,530
2,376
31
200
128
55
353
403
700
417
880
33
112
98
65
226
7
11
21
17
4
7
10
2
14
1, 472, 203
198, 873
7,055
2,934
93
185,817
107, 619
289,797
40,490
18, 209
18,913
27,933
75
858
24
104
29
6
51
61
270
24
81
36
6
59
6
13
9
2
688, 778
27, 838
17,928
61, 786
6,493
2 123
3,591
5,060
124,819
1,147
537
31
7,318
1,975
7
4
68, 731
9,432
76, 049
California
Idaho
___
______
Utah
Nevada
_
Arizona
Total Pacific States __
Alaska (nonmember banks)
The Territory of Hawaii
(nonmember bank)
T o t a l (nonmember
banks)
Total country banks.
Total United States..
11, 407
7
4
15,422,460 2, 535,230
32,461
18,202
24,661,22
34,128
19, 205
4,191,175
18
2
2
28
68
105
235
73
244
166
33
100
70
139
235
45
87
196
28
76
5,859
3,636
5,882
2,834
8,312
8,814
1,688
1,190
1,024
1
789
1
963,984
9,314
589,746
277,086
506 189
193,259
300 048
344,320
129, 563
149, 341
109,876
50,105
93 518
39,899
60 495
74,130
24,068
23, 677
92,321
74,199
113 063
25,759
58 349
58,451
15,222
42, 633
1,774
732
1,278
523
1,197
694
430
508
3,662 2, 489, 552
7,136
203
179
315
639
212
175
322
107
1,019
30, 797
2,451 1,099, 654
189, 560
334,115
3,171
1
67
174
3,264
1,589
9,324
911
268
493
973
16,822
279
143
849
81
18
64
85
1,519
146,132
95, 277
257,808
31, 243
15 051
12,920
24,176
582,607
27,027
17, 242
59,791
6,223
2 016
3,421
4,767
120, 487
36, 318
9,880
22,606
8,220
2 860
5,492
2,722
434
239
1,069
90
53
99
81
2,065
1
64
11
7,055
1,946
190
13
952
95
61, 525
9,241
6,254
96
106
68, 580
11,187
582
631
28
15
35
12
1
2
11
104
31
17
42
16
2
1
264
288
205
300
216
134
154
137
753
6,444
109
4,824
4,072 177,914
16, 303 12,209,800 2, 442, 778 2,997,461
52,911
246
17,523
13, 504 655,377
49,167 19,430,824 4,025, 606 4,523,375
82, 658
1,016
1 Represents the number of checks and letters of credit outstanding, the amount not exceeding $2,500 each.
2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
88,098
244
2
720
418, 353
630
340
565
324
440
1,004
208
151
17, 616
11, 791
21,828
75,902
9,279
23,695
41,796
9,780
122,428
11
6
3,280 2, 563, 585
479,997
33
1
284
1,026
373
16,878
12,653
26,651
40,474
15,401
9,265
19,372
7,401
41,465
2,375
2,664
2,154
3,913
2,022
1,298
2,093
1,982
12,296
4
2
42,196
55, 562
42,716
475, 768
38, 215
75
109
97
201
27
15
16
14
77
9
4
15 219
35,400
25, 653
81,497
73, 307
136,659
262,042
64,604
52,682
107,176
43,142
278, 545
876
101
70
66
195
26
17
14
16
77
1
8
84 473
233, 371
150,395
135
115
146
to
Or
TABLE N O . 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1933—Continued
Or
DEPOSITS OVER $2,500 BUT NOT EXCEEDING $10,000
[Amounts in thousands of dollars]
Totals
State, county,
and municipal
funds
United States
Government
deposits
Postal Savings
Deposits of
other banks
Certified and
cashiers' checks
and cash letters
of credit outstanding
Other deposits
Active accounts
O
Dormant 2accounts
Location
Number
of depositors
Amount
of deposits
Number of
depositors
Amount
of deposits
Num- Amount
ber of of dedeposi- posits
tors
NumNumNumber of Amount
ber of Amount
ber of Amount
of deof deof dedeposi- posits deposi- posits deposi- posits
tors
tors
tors^
N u m b e r Amount
of deposof deposits
itors
Number of
depositors
Amount
of deposits
Q
O
g
CENTRAL RESERVE CITIES
New York
Chicago
Total central reserve
cities
3
w
*4
34,527
29,749
167,170
139,974
44
54
239
281
1,812
1,696
9,689
11,342
1,264
636
6,877
1,419
31,245
27,052
149,581
125,489
162
311
784
1,443
64,276
307,144
98
520
3,508
21,031
1,900
8,296
58,297
275,070
473
2,227
15,982
875
51
8,457
7,822
3,299
4,871
1,650
412
2,479
1,960
1,367
976
3,239
3,607
661
1,880
1,001
3,835
1.679
74,864
4,025
209
41,444
36,171
17,430
22, 319
8,827
1,999
11, 533
9,238
6,549
4,644
15, 458
17, 373
3,085
9,148
4,673
17,854
7.432
46
4
256
22
349
4
1,978
17
201
3
991
19
410
7
96
25
17
13
5
521
317
79
48
64
9
155
132
62
43
205
179
19
129
62
155
75
3,026
1,906
487
269
409
43
904
756
390
243
1,179
1,041
97
779
361
927
482
95
35
35
24
10
3
14
5
20
11
21
111
6
27
6
47
23
349
174
146
118
50
15
67
20
108
45
114
579
27
115
32
247
105
71, 229
3, 955
209
37, 589
33,883
16,722
21, 766
8,363
1,933
10, 266
8,354
5,923
4,248
13,918
15, 467
2,889
8,241
4,248
16, 529
6,687
73
2
15
5
2
2
1
15,313
862
51
7,732
7,416
3,171
4,761
1,575
400
2,245
1,798
1,265
898
2,954
3,263
623
1,722
926
3,599
1,551
94
49
12
36
374
183
53
153
52
11
5
22
43
53
5
1
7
32
222
38
20
102
161
278
20
3
26
142
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
Philadephia
Pittsburgh
Baltimore
Washington
Richmond
Charlotte
Atlanta
Savannah
Jacksonville
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
Houston
San Antonio
13
14
15
2
16
1
8
1
69
67
99
6
86
8
41
10
2
29
9
144
5
10
5
8
5
3
9
11
6
4
5
11
5
3
a
Waco
Louisville
Memphis
_.
Nashville
Cincinnati
Cleveland
_.
Columbus
Indianapolis
Chicago
Peoria
Detroit
Grand Kapids
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
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
Salt Lake City
-..
Total other reserve
cities
Total all reserve cities.
744
1,423
2,708
1,466
2,422
4,511
1,832
1,909
669
1,300
4,528
3,437
6,915
13,421
7,219
11,434
22, 708
8,652
9,218
2,901
6,412
J20,828
215
4,379
6,009
3,620
541
1,019
254
116
1
60
3
112
108
135
247
99
95
37
73
756
10
188
835
1,462
3,350
1,335
591
556
39
33
128
35
10
43
1
169
636
158
40
274
5
4,038
5,273
3,251
435
873
245
108
592
13
76
425
611
112
268
166
348
49
63
91
22
81
19
107
90
53
24
79
100
3,828
600
1,584
979
2,023
289
371
477
115
478
119
648
528
308
116
472
547
47
7
37
10
38
10
8
21
2
46
3
36
35
61
7
45
230
229
36
207
45
182
46
44
93
11
237
14
155
232
294
37
174
1,176
239
10
30
1,386
49
184
445
6
19
2,173
37
102
2,442
748
5,213
520
1,914
239
375
826
255
4,235
520
1,699
1,225
3,086
302
4,884
24,541
147
37,819
111
784
16,285
23,913
14,486
1,920
4,203
1 069
1,926
11,106
3,268
23,888
2,395
8,914
990
1,886
3,714
1,159
17,975
2,395
7,888
6,480
14,338
1,308
21,491
115,008
175, 228
527
4,165
7,476
44,004
2,418
11,938
190, 818
886,860
1,980
8,903
49 10,984
65,035
4,318
20, 234
249,115 1,161,930
2,453
11,130
8
6
86
889
659
841
587
504
780
5
150
842
214
166
26
33
27
20
18
28
6
2
10
103
144
32
13
60
248
576
235
94
92
8
5
20
2
12
4
6
1
6
3
13
57
18
33
6
31
22
9
1
3
5
14
1
25
11
55
4
20
24
109
10
156
68
65
411
8
36
954, 811
501
2,841
216
49
267,469 1,261,955
599
3,361
216
109
3
2
1
11
13
13
7
3
62
65
8
18
43
95
987
6
3,106
875
5,540
701
2,314
300
452
941
279
4,419
548
1,854
1,362
3,266
335
5,078
25,199
147
39, 296
127
851
18,186
28,063
16,430
2,574
5,095
1,118
2,614
15,201
3,958
25,774
3,449
11,192
1,334
2,338
4,306
1,285
18,968
2,576
8,754
7,315
15, 266
1,475
22,502
118, 273
632
182, 584
613
4,529
203,193
551
16
10
10
5
10
15
6
2
5
6
16
18
47
3,274
5,888
12, 573
6,246
10,681
21, 753
7 679
8,263
2,853
6,028
19 811
11
1
23
20
28
52
20
19
6
14
150
15
152
111
136
100
87
115
18
9
713
1,252
2,552
1,305
2,286
4,329
1 677
1,738
661
1,234
4 333
17
64
17
28
134
23
13
11
54
42
4
93
167
20
419
1
2
6
6
10
1
8
1
28
26
38
6
33
3
48
5
9
7
52
1
45
317
223
28
43
33
217
4
209
1,474
728
3,330
10
42
Gnn
1 Represents the number of checks and letters of credit outstanding, each of which is over $2,500 but not exceeding $10,000.
2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1,1929.
5
19
3
7
32
7
2
2
11
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1933—Continued
to
DEPOSITS OVER $2,600 BUT NOT EXCEEDING $10,000—Continued
[Amounts in thousands of dollars]
Totals
State, countv.
and municipal
funds
United States
Government
deposits
Postal Savings
other banks
Certified and
cashiers' checks
and cash letters
of credit outstanding
Other deposits
Active accounts
Dormant 2accounts
s
Location
Num- Amount Num- Amount Num- Amount Num- Amount Number Amount Num- Amount
Number Amount Number of of deber of Amount
ber of of de- ber of of de- ber of of de- ber of of de- of depos- of deof depos- of de- deposiof de- deposideposiitors
posits
posits
itors
posits
posits deposiposits deposiposits deposi- posits
tors
tors
tors
tors
tors 1 posits
tors
COUNTRY BANKS
Maine
New Hampshire .
Vermont
Massachusetts
Rhode Island.
_.
Connecticut
Total NewlEngland
States
41,437
174, 807
566
3,190
New York
New Jersey
Pennsylvania
Delaware
Maryland
44, 784
32,211
60, 539
941
5,165
199,117
141,014
263,307
4,533
22, 469
1,063
307
1,388
6
47
5,743
1,629
7,535
13
306
143, 640
630, 440
2,811
9,739
4,454
1,611
1,073
1,617
2,697
3,740
1,995
2,026
11,874
42,142
19,367
6,896
4,983
7,452
12,259
17,174
9,201
9,343
53, 752
149
56
32
35
50
99
104
13
65
454
Total Eastern"States__
Virginia
West Virginia
North Carolina.
South Carolina
Georgia
.
Florida
Alabama
Mississippi
Louisiana
Texas
5,899
3,603
2,426
18,137
1,887
9,485
...
.
24,430
11,586
10,463
78,737
8,696
40,895
76
99
80
207
5
99
23
16
726
152
204
1,128
110
742
323
803
39,187
166, 017
1,127
3,062
800
509
881
38
79
194
157
270
3
8
392
357
501
15
32
42, 269
31,233
57,890
907
4,755
186, 916
136,352
250,145
4,344
21,030
1,120
418
828
19
339
4,680
1,870
3,748
92
97
419
2,305
632
1,297
137,054
598, 787
2,724
11, 360
152
61
30
33
44
56
97
67
77
395
881
317
141
191
225
321
547
380
437
2,121
100
67
41
9
9
45
17
101
9
205
119
89
28
39
50
147
70
40
44
521
9,196
4,229
1,501
994
1,511
2, 489
3,516
1,803
1,796
10,456
39, 524
18,411
6,397
4,537
6,778
11,143
15, 684
8,628
8,128
48, 673
142
41
7
2
3
8
6
11
79
364
612
167
24
6
14
42
19
52
378
207
147
234
386
203
195
29
52
200
94
302
4
138
98
163
6
16
15,226
865
600
853
332
243
196
309
561
592
82
320
1,950
99
26
39
14
29
33
214
19
31
116
54
25
24
5
164
23,085
10,702
9,628
75,077
8,485
39,040
1,375
213
47
12
48
5,503
3,362
2,259
17,420
1,847
8,796
37
60
64
377
38
227
24
25
19
117
3
46
67 '
15
42
145
139
107
695
18
271
51
81
13
122
8
48
27
26
14
49
8
23
387
491
396
1,344
22
550
245
36
55
271
24
496
w
o
o
g
3
o
tr1
W
o
%
a
4
323
486
435
18
29
36
14
14
4
60
39
98
329
197
554
18
5
6
69
19
26
2,023
4,222
2,854
9,322
18,802
12, 663
7
126
8
35
613
36
1,296
6,682
703
411
1,209
6,641
632
1,261
46, 590
208, 690
804
2,205
633
249
622
157
162
353
237
85
3, 287
1,333
3,340
822
714
1,911
1,196
433
90
74
106
17
97
152
41
58
79
73
85
29
107
122
46
22
63
133
283
37
117
222
44
76
336
807
1,706
199
906
1,194
253
447
52
34
64
26
30
35
14
16
273
72
244
118
120
149
65
90
10, 704
5, 247
9,104
5,090
6,709
8,275
2,547
2,114
47, 497
21, 841
40, 442
22, 937
27, 960
36,147
9,502
9,168
56
19
48
62
81
28
21
2
235
84
206
257
318
104
104
10
238,025
2,498
13,036
635
563
975
5,848
271
1,131
49, 790
215, 494
317
1,318
9 762
8,042
12, 735
16, 668
10, 591
5,965
10, 303
4. 005
17, 209
102
112
124
231
44
36
56
50
235
513
614
707
1,236
251
170
316
316
1, 405
16
70
34
93
41
13
36
10
85
30
44
89
67
19
543
479
469
875
256
197
94
98
610
15
30
44
116
21
15
65
14
469
63
155
37
75
104
68
75
61
235
1 961
1,440
2,603
3,272
2,194
1 197
2,129
763
3,276
8,563
6,669
11, 255
14, 224
9, 885
5,517
9,634
3,488
14, 626
7
2
31
21
7
34
11
144
98
35
85
23
99
97
94
79
164
45
34
18
16
105
16
3
790
63
9
149
22,143
95, 280
990
5,528
398
456
652
3,621
789
873
18, 835
83, 861
877
543
3, 201
1,641
7,905
778
245
627
542
14,051
7,152
35, 596
3, 586
1 154
2,742
2, 575
68
79
54
71
16
15
14
435
418
360
414
112
76
91
31
19
16
7
26
6
56
10
42
14
37
252
77
222
36
12
8
113
7
44
34
315
36
66,856
317
1,906
9
82
6
104
58
9
662
3
12
55
21
14,939
12
3
148
1
3
13
4
184
820
209
944
3
19
810
4,116
4
13
1,019
2,170
4,484
3,051
10,110
20,160
13,754
62
92
85
50, 531
226, 593
11, 508
57 682
10,121
5,372
7,099
8,913
2,863
2, 293
51, 797
24, 284
46,129
24, 379
30, 222
39, 779
11, 207
10, 228
53, 851
2,182
1,678
2, 881
3,804
2,311
1 282
2,284
846
4, 875
Total Western States..
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States.._
Arkansas
TCftntucky
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
N6W Mexico
Oklahoma
.
._ _
--.
Alaska (nonmember banks) _
The Territory of Hawaii
(n onmember bank)
Total
(nonmember
banks)
11
57
34
34
111
644
5
7
152
3,067
1,537
7, 553
692
226
594
506
497
14,175
13, 205
6, 589
33, 965
3,080
1 030
2,577
2, 357
62, 803
1
3
7
7
198
915
3
21
29
82
774
4,000
972
5,060
3
19
4
24
36
89
4,915
4
13
Total country banks..
327, 560 1, 437, 061
8,481
45, 587
2,896
2,281
3,604
20, 458
2, 835
5,951
306, 603 1, 340, 567
6,037
19, 321
Total United States...
595, 029 2, 699,016
9,080
48, 948
3,112
2,330
14, 588
85, 493
7,153
26,185
555, 718 2, 502, 497
8,490
30,451
* Represents the number of checks and letters of credit outstanding, each of which is over $2,500 but not exceeding $10,000.
2
Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1,1929.
to
CO
TABLE N O . 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1983— Continued
OS
o
DEPOSITS OVER $10,000 B U T N O T E X C E E D I N G $50,000
[Amounts in thousands of dollars]
Totals
State, county,
and municipal
funds
United States
Government
deposits
Postal Savings
Deposits of
other banks
Certified and
cashiers' checks
and cash letters
of credit outstanding
g
Other deposits
Active accounts
Dormant accounts 2
Location
Number Amount
of deposof deposits
itors
NumNumNumNumNumN u m b e r Amount
ber of Amount ber of Amount ber of Amount
ber of Amount ber of Amount
of deof de- deposi- of de- deposi- of de- deposi- of de- deposi- of de- of deposdeposi- posits
itors
posits
posits
posits
posits
posits
tors
tors1
tors
tors
tors
Number of
depositors
Amount
of deposits
o
o
CENTRAL RESERVE CITIES
New York
Chicago
Total central reserve
cities
13, 590
9,372
290,006
195,190
34
56
883
1,232
63
109
1,793
1,947
42,679
45, 503
677
139
15,181
2,828
11,054
7,198
230, 566
145,106
32
32
525
521
22,962
485,196
90
2,115
63
109
3,740
88,182
816
18,009
18,252
375,672
64
1,046
4,967
157
13
3,712
2,231
1,148
1,129
481
139
719
539
410
311
960
1,289
163
651
317
1,208
484
105, 503
2,855
304
78, 318
46, 375
24, 834
22,149
10,023
2,789
15,349
11,916
8,257
6,377
19,803
28, 296
3,491
13,950
6,468
25, 208
9,400
61
5
3
19
6
2
1
4
2
11
14
14
2
10
3
1
4
1
6
17
1,453
181
95
500
153
55
21
87
52
279
290
407
40
239
37
22
98
20
170
336
18,372
140
70
2
1,403
39
13
80
35
19, 226
11, 242
4,564
1,772
2,891
284
4,742
2,744
2,087
1,796
5,816
9,722
623
5,500
2,386
7,765
2,463
27
6
9
3
11
2
2
3
3
6
17
30
3
4
6
14
2
601
95
155
67
306
36
24
79
48
94
233
560
57
72
131
305
22
84,030
2,391
168
57, 720
34,827
19,983
20,171
6,704
2,377
10,274
8,776
5,665
4,364
13,465
17,849
2,725
8,280
3,883
16,858
6,486
15
3
64
13
802
471
180
73
120
11
197
112
96
79
245
381
22
225
107
315
108
4,091
145
10
2,849
1,745
957
1,051
346
124
509
410
293
220
686
867
134
418
201
872
356
245
14
733
5
12
104
27
271
58
1
25
w
c
F
OTHER RESERVE CITIES
Boston. __ . . .
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington _.
Richmond
Charlotte
Atlanta
Savannah
Jacksonville
Birmingham
New Orleans.. _ .
Dallas
El Paso
Fort Worth
Galveston
Houston
San Antonio
__
..
40
30
27
16
16
17
48
49
48
29
w
Q
W
4
4
2
8
3
50
67
50
128
48
2
1
1
31
14
15
Q
Waco
Louisville
Memphis
Nashville
Cincinnati
Cleveland
; Columbus
' Indianapolis
Chicago
i 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
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
Salt Lake City
Total other
cities
183
527
810
396
788
1,269
603
690
92
338
1, 238
53
1,250
1,817
789
238
386
49
207
1,254
276
1,695
298
859
76
151
359
66
904
126
728
502
936
91
902
5,352
32
6,928
49
256
reserve
Total all reserve cities,
1
2
3, 633
12 058
16,445 \
7,826
17,166
25, 782
12,957
14, 298
1,699
6,668
25,836
1 010
25, 220
37, 786
16, 236
6,209
8,251
877
4,251
27, 552
5,817
35, 065
5,904
18,628
1.655
3,364
7 928
1 341
18,176
2,637
15, 521
11, 460
19, 071
1 808
16,718
101, 872
529
141, 800
945
5, 557
1
15
4
1
3
11
6
1
1
6
10
7
18
23
6
2
4
28
394
95
28
100
244
116
43
50
159
176
153
429
626
165
53
96
3
2
5
12
4
19
10
10
2
16
5
6
7
12
5
19
26
1
98
118
82
175
253
133
534
115
288
316
43
432
151
199
228
300
119
442
740
50
2,624
10
242
9
20
81
29
115
33
21
12
50
n
24
51
40
43
41
59
50
18
157
2,270
42
37
134
313
602
250
596
1,098
425
497
89
272
1,094
38
841
1,171
512
108
194
43
103
670
109
1,290
102
418
25
93
203
38
738
89
458
393
775
65
760
5, 042
31
6,320
37
176
2,345
6,979
11, 335
4,680
12, 202
22,104
9,067
9,968
1,589
5,127
22, 473
679
16, 201
23, 782
9,758
2, 259
3,670
766
1,956
13, 767
1,960
25, 753
1,982
8,957
575
2,064
4, 250
772
14,144
1,658
8,920
8, 638
15, 389
1,178
13, 459
94, 937
479
127,891
574
3,799
48
197
193
140
180
144
165
183
1
58
117
7
378
600
258
128
177
5
99
573
160
375
192
418
46
48
143
25
139
30
254
94
138
20
118
166
1,240
4 570
4,805
2,984
4,615
3,188
3,669
4,139
13
1,311
2,887
128
8,355
12, 931
6,117
3,885
4,105
85
2,121
13, 450
3,613
8.617
3,789
9, 079
924
1,012
3,299
508
3,382
799
6,133
2,364
3,064
476
2,747
4,013
3
63
9
1
10
8
7
1
5
62
196
18
228
171
208
17
70
1,260
312
11
65
7,348
329
1,448
110
1
3
2
8
4
8
14
7
9
1
2
16
1
9
21
5
11
1
2
6
2
17
34
173
83
123
221
105
148
14
50
276
50
180
426
88
330
15
32
117
29
423
4
3
58
41
3
1
1
2
37
22
11
25
1
24
4
2
8
55
21
108
3
42
1
19
1
2
1
18
22
11
4
60
56
922
88
1, 510
2
31
54, 591 1,129, 221
579
15, 074
1,159
366 10, 687 251,677
593
11,923
42, 496
845, 082
236
3,940
77, 553 1, 614, 417
669
17,189
1 222
475 14, 427 339, 859
1,409
29,932
60, 748 1. 220, 754
300
4,986
Represents the number of checks and letters of credit outstanding, each of which is over $10,000 but not exceeding $50,000.
Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
to
O
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total to
balances, Oct. 25, 1933—Continued
to
DEPOSITS OVER $10,000 BUT NOT EXCEEDING $50,000-Continued
[Amounts in thousands of dollarsl
State, county,
and municipal
funds
Totals
United States
Government
deposits
Other deposits
Certified and
Postal Savings
Deposits of
other banks
cashiers' checks
and cash letters
of credit outstanding
Active accounts
Dormant 2accounts
Location
Number
of depositors
Amount
of deposits
Num- Amount Num- Amount Num- Amount Num- Amount Num- Amount Number Amount Num- Amount
ber of of de- ber of of de- ber of of de- ber of of de- ber of of de- of depos- of deber of of dedeposi- posits
deposi- posits deposi- posits deposi- posits deposi- posits
posits
itors
posits depositors
tors
tors
tors
tors^
tors
--
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
a
o
g
COUNTRY BANKS
Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut
w
.
_
-_ -
898
646
468
4,460
118
1,808
176
348
68
897
122
197
34
44
32
228
6
79
1,050
1,153
649
5,584
167
2,100
1
11
173
64
842
74
108
3
8
1
19
58
188
16
309
597
358
222
2,624
346
1,423
10, 561
6,333
3,831
48,199
6,794
25,796
38
1
1
22
3
10
571
30
12
391
42
143
367
8,398
1,261
1,808
423
10,703
32
582
5,570
101,514
75
1,189
752
199
850
17,512
4,431
18,366
1,510
1,022
3, 581
77
125
206
99
128
2
10
5,139
2,115
2, 755
41
241
33
13
82
618
308
328
899
890
962
985
145
78
4,668
3,867
6,075
115
529
80, 706
66, 474
104,996
1,970
9,417
63
41
62
1
24
927
668
944
14
397
41,208
3,060
6,315
445
10, 291
128
1,254
15, 254
263, 563
191
2,950
2,269
1,366
1,024
846
634
2,106
1,362
686
1, 254
6,097
377
125
36
89
163
315
109
108
41
723
734
372
247
41
118
133
245
152
79
951
156
75
26
58
42
43
98
35
68
361
3,469
1,582
615
1,369
904
945
2,156
798
1,571
7,744
4
2
2
29
78
48
29
17315
19
6
2
183
153
21
6
1
7
1
11
107
14
146
25
172
22,932
12, 279
5,314
4,688
4,640
7,810
11,486
5,723
8,117
33,517
720
433
276
3,065
361
1,612
13,267
8,683
5,150
60, 561
7,333
30,461
50
30
18
183
5
81
6,467
125,455
5,722
4,219
7,197
118
599
107, 302
75, 980
131,955
2,247
11,157
36
17, 855
328, 641
1,837
1,639
801
364
296
319
567
4,929
375
554
2,481
29,993
15,955
7,305
7,062
6,459
11,416
15, 385
7, 613
11,366
49, 391
108
59
43
33
31
89
102
26
51
277
iT
657
291
203
246
429
4,727
307
417
1,823
1
13
17
279
187
9
3
I
3
492
639
677
10, 634
12,015
14, 320
49
40
78
1,077
850
1,669
82
92
150
336
433
510
106
19
113
2 384
368
2,647
1
3
20
76
337
570
483
6,755
10,126
9,268
9
126
14,133
198, 914
986
21, 240
2,410
4,351
1,200
28, 552
79
744
11,805
142, 655
63
962
1,888
1,025
1,831
784
1,000
1,347
416
375
37, 603
20,076
36, 243
15, 525
18,843
27,082
8,313
7,863
308
170
414
92
88
276
133
59
6,467
3,494
8,678
2,176
2,128
6,120
3,015
1,224
241
213
382
405
112
897
85
105
1,380
683
894
418
751
1,706
248
572
55
96
306
24
84
162
61
80
1,215
1,888
6,229
482
1,698
3,279
1,219
1,647
7
3
10
5
3
7
4
1
126
43
110
83
43
105
41
49
1,510
755
1,098
657
822
901
216
235
28,043
13, 742
19,900
11,866
14,079
14,964
3,675
4,266
8
1
3
6
3
1
2
131
13
50
95
32
11
30
8,666
171, 548
1,540
33, 302
2,440
6,652
868
17,657
40
600
6,194
110, 535
24
362
404
369
628
1,375
467
311
364
211
1,110
5,239
8,449
7 991
8,964
16,880
8,969
6 439
7,601
4 100
24,049
93,442
77
104
178
237
49
59
71
57
348
1,180
1,843
2 500
2,962
6,045
1,177
1 508
1,732
1 184
7,795
26, 746
415
332
79
394
176
87
29
325
233
316
816
80
210
479
125
1,210
3,794
47
41
60
116
49
41
9
17
120
500
992
788
1,177
2,284
1,023
796
209
306
2,867
10,442
82
29
56
71
64
18
34
124
280
219
278
1,009
366
209
282
134
628
3,405
4,874
4 056
4,290
7,242
6,442
3,774
5,134
2,451
11,587
49,850
5
2
111
43
9
16
175
329
584
212
1,561
151
41
88
131
2,768
12,097
4,165
27,915
3,075
833
1.949
2,591
52, 625
88
57
161
38
10
18
11
2,086
1,188
4,147
857
235
532
364
344
14
337
601
510
635
136
83
30
37
11
37
21
1
3
10
2
21
804
1,995
120
8,345
2,249
21,498
1, 574
474
1,324
1,842
37,306
38
25
133
9,409
456
143
1,183
91
28
67
105
2,073
2
1
11
383
671
179
910
498
20
63
167
2,508
16
217
21
460
6
148
35
40
1
26
14
211
158
3,517
1
22
10
248
5
107
142
3,140
179
3,977
7
170
35
40
11
274
5
107
156
3,351
55,307
974,602
6,300
140,473
11,813
24,955
3,567
78, 427
598
4,151
44, 457
708, 774
385
6,009
132,860 2, 589, 019
6,969
157, 662
13, 035
25, 430
17, 994
418, 286
2,007
34,083
105, 205 1,929, 528
685
10,995
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 M^exico
Oklahoma
Total Western StatesWashington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States.._
Alaska (nonmem ber banks) _
The Territory of Hawaii
(nonmember bank)
Total (nonmember
banks)
Total country banks..
Total United States. .
291
1,803
159
5
107
11
3
2
2
3
5
138
478
1
12
169
1
255
10
5
176
109
386
i Represents the number of checks and letters of credit outstanding, each of which is over $10,000 but not exceeding $50,000.
« Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
to
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1933—Continued
to
DEPOSITS OVER $50,000
[Amounts in thousands of dollars]
Other deposits
Certified and
Totals
State, county,
and municipal
funds
United States
Government
deposits
Postal Savings
Deposits of
other banks
cashiers' checks
and cash letters
of credit outstanding
Active accounts
Dormant 2accounts
Location
Num- Amount Num- Amount Num- Amount Num- Amount Number Amount
Number Amount Number of of de- ber of of de- ber of of de- ber of
ber of Amount
of depos- of de- deposiof de- of depos- of deof de- deposiposits deposiitors
posits deposiposits
posits
itors
posits
posits
posits depositors
tors
tors
tors 1
tors
Num- Amount
ber of
of dedeposi- posits
tors
o
o
CENTRAL RESERVE CITIES
New York
Chicago
_
_ _
Total central reserve
cities
T
W
2,101,878
855,011
33
66
36,821
81,800
132,109
37, 354
49,152
1,325
1,223
896
448,189
173, 797
312
24
65, 547
2,507
4,047
2,185
1,367,924
558,006
7
3
2,136
222
8,796 2,956,889
99
118, 621
169, 463
50, 477
2,119
621,986
336
68,054
6,232 1,925, 930
10
2,358
532, 566
4,901
60
347,064
238, 774
70, 735
53, 642
29,144
2,873
48,277
33, 530
32,040
18,896
57,931
71,012
3,456
25,945
9,370
62,126
14.299
72
8
45,878
1,112
41, 348
119
21, 870
1,665
675
2
117, 470
164
17
1
2,750
85
21
11
11
1
3
7
5
5
11
4
16
6
8
9
4
8
7
20, 526
6,818
3,298
500
1,623
574
3,022
803
4,589
2,490
14,438
4,101
1,051
3,370
648
3,995
1.833
29, 236
8,009
8,772
2,918
1,691
17, 754
6,818
4,292
2,321
165
193
5,724
2,378
6,676
3, 275
4,351
4,071
263
1,448
2,060
1,811
1,790
485
334
97
60
61
3
96
63
39
29
116
178
4
103
18
149
34
94, 237
71,816
25, 681
9,147
8,851
707
12,083
10, 777
5,335
2,808
13, 784
22,891
469
9,495
2,200
19,045
4,996
5
446
3
180
1
1
111
1,500
1
500
1
56
1
56
5,622
3,174
o
f1
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
Richmond
Charlotte
Atlanta
Savannah
Jacksonville
Birmingham
New Orleans .__
Dallas
El Paso
Fort Worth
Galveston
Houston
San Antonio
___
._
2,149
28
1
1,299
828
289
284
180
29
239
147
116
85
260
406
27
180
47
347
81
7,947
6,032
4,371
3,154
8,685
13, 596
64
1,932
999
11, 546
1.591
1
54
2
7
264
815
1
2
6
64
149
801
1,385
17
1
785
483
180
222
116
19
137
78
66
52
125
215
15
67
22
184
40
303, 250
1, 756
60
184, 685
145,313
28,581
37, 256
16,814
1,399
19,001
13,486
11,069
7,169
16, 353
25, 538
1,609
9,636
3, 258
24,928
4,089
W
3
O
Hi
Waco
. _
Louisville
Memphis Nashville
Cincinnati
Cleveland
Columbus
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
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles _
Oakland
San Francisco
Ogden
Salt Lake City
Total other reserve
cities
Total all reserve cities.
26
136
173
75
158
342
156
179
8
54
429
14
290
481
244
45
90
7
42
369
40
470
49
183
21
40
77
16
240
49
199
165
4,486
26, 766
28,604
17,472
30,950
77,990
42, 391
33, 390
1,055
8 437
126,965
3,237
68 884
88, 654
57 204
5 522
15 118
1,074
6,528
58,740
4,120
99,725
6 939
31, 663
4,299
8,548
13 444
3,106
49 435
8,223
34 647
32,429
60, 453
3 418
43,337
235, 529
736
401, 741
3,275
9,932
3
7
8
10
9
15
14
13
1
7
15
6
14
28
g
7
5
4
12
10
5
13
10
15
7
7
10
3
16
7
14
19
100
1,173
1,802
5,671
4,517
3,531
7,286
16, 719
3,342
3,682
3,423
1,894
3,021
8,926
1,501
1,225
150
91
370
2 695
11, 744
1,489
9,815
9,741
7 133
2 055
2 535
204
523
1,176
2,667
1,616
8,044
3 772
833
109
630
6,398
61
10, 254
2,604
823
777
5 426
2 463
2,424
4 010
319
500
195
350
1, 599
1,271
580
3,135
239
4,619
1,548
1,649
1 029
2,633
139
4,233
979
1,092
417
583
1 711
122
636
4,119
977
787
2
13
4,744
3,621
13,519
1, 219
13, 746
26, 206
235
78, 514
616
1,058
88
170
103
21
40
19
173
22
161
15
83
11
15
42
4
77
15
102
32
789
13
75
6,431
9,394
1,670
4,588
10,055
6 281
10, 030
2
215
1
2
81
147
2
2
1 012
23,835
91
12 339
31,806
15 978
1 707
4 769
94
113
7
32
58
7
1
1,020
377
306
7
187
276
132
1
53
17
44
3
11
10
1,097
1
43
1
2,010
26, 745
1,831
27, 403
1 068
10 150
260
110
75
47
108
251
176
13
295
24
85
3
695
1,826
5 712
389
14 740
1,780
11 346
3,421
10, 555
1 325
6,483
28, 540
1
90
3
211
3
560
18
24
9
144
27
83
111
2 220
14,328
8,725
6,724
18,113
43,532
14 118
17,960
705
3 470
84,878
1,596
33 955
41, 059
28 883
1 760
6 942
306
771
25, 405
1,245
55,918
2 459
12 291
367
2,021
3 285
1,182
23 315
4,679
10 620
20, 761
21, 605
447
13,783
135, 699
124
164, 629
644
2,961
8
7 592
3,389
7,650
427
6,163
35,431
300
83, 787
627
2,783
14, 480 3, 415,107
713
391, 737
257, 676
282, 780
4,636
776,746
110
13,707
9,001 1, 688, 735
20
3,726
23, 276 6, 371, 996
812
510, 358
427,139
333, 257
6,755 1,398,732
446
81, 761
15,233 3, 614, 665
30
6,084
251
19
168
958
4
1,124
17
50
17
2
18
40
2
84
3
345
677
7,124
3,162
8,270
77
27,149
133
154
=======
1
48
53
106
1
573
1,798
1,589
325
8,993
2 194
3,511
1,272
2,469
1 617
10
54
88
18
40
74
75
11
41
89
148
7
21
43, 765
1,255
2,976
159
6
109
6
426
25
3,531
817
2
861
7
21
957
6
366
•
Represents the number of checks and letters of credit outstanding each of which is over $50,000.
Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
6
to
TABLE N O . 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1933—Continued
DEPOSITS OVEB $50,000—Continued
[Amounts in thousands of dollars]
State, county,
and municipal
funds
Totals
United States
Government
deposits
Other deposits
Certified a n d
Postal Savings
Deposits of
other banks
cashiers' checks
and cash letters
of credit outstanding
Active accounts
Dormant 2accounts
Location
Number Amount
of deof deposposits
itors
Num- Amount Num- Amount Num- Amount
ber of of de- ber of of de- ber of of dedeposi- posits
deposi- posits deposi- posits
tors
tors
tors
NumNumber of A m o u n t ber of A m o u n t
deposi- of de- deposi- of deposits
posits
tors
tors *
Number
of depositors
Amount
of deposits
Number of
depositors
Amount
of deposits
o
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
- -- . .
Total New England
States
New York
New Jersey
Pennsylvania
Delaware
Maryland
. .
Total Eastern States..
VirginiaWest Virginia
North Carolina
South Carolina
Oeorgia
Florida
Alabama
Mississippi
Louisiana.
Texas
Arkansas
_
_.
_.
_
a
_.
91
71
20
486
62
337
10,952
11,070
1,832
68,433
11,300
77,993
14
15
3
101
9
23
2,011
2,341
235
12,681
2,917
7,237
1,067
181, 580
165
814
477
792
15
49
161,663
114,441
133, 601
2,348
5,465
267
92
235
4
28
2,147
417,518
178
101
47
74
18
103
103
50
70
325
56
28,126
17,002
6,418
9,838
5,659
28,095
19, 562
8,437
11,988
43, 413
10,358
196
286
100
5,477
258
3,010
138
1,755
84
6,664
27,422
87, 647
25,015
28,986
718
3,013
626
24
18
19
13
3
44
36
28
7
106
11
5,645
3,949
972
33,361
6,264
49,093
2
159
1
196
670
50
36
14
293
43
239
2
151
2
670
675
99, 284
5
506
1
1
1
51
100
85
150
7
41,749
45,840
68, 309
1,019
1,500
1
2
439
339
512
9
15
5
243
1,314
1
50
4
329
116
62
24
9
9
48
46
18
43
162
28
6,267
25
20
3
91
10
71
2,803
2,739
441
10,054
1,861
11, 565
2
9,327
14,908
220
29,463
11,195
13,058
9,631
56
5,394
22,667
22,107
391
627
106
45
43
2
3
15,477
7,761
4,423
220
177
145,379
33,940
51,186
199
28,058
3,386
2,017
1,558
1,799
268
5,121
5,295
3,140
1,133
14, 299
1,475
1,278
390
100
200
1 013
2,557
4,491
517
529
784
139
1,768
4,796
1,288
3,251
2,607
14,686
2,651
2,788
877
7,557
4,657
37
20
4
52
6
10
21
4
19
52
17
4,895
1,744
359
4,053
681
874
1,517
455
2,966
4,520
1,274
1
60
1
85
158,417
3
295
16,714
7,975
3,113
535
1,090
4,807
5,608
1,537
6,380
15, 844
2,813
1
1
85
80
1
1
103
80
W
Kentucky
Tennessee
Total Southern StatesOhio
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)
The Territory of Hawaii
(nonmember bank)
Total (nonmember
banks)
Total country banks..
Total United States.._
36
58
3,810
8,839
2
154
379
659
79,065
6
502
356
21, 219
9 478
11,049
5,535
9,890
9,018
1,970
1,237
1
1
79
50
1
51
79
185
91
104
54
76
84
9
15
519
618
69,396
3
180
100
65
96
218
1,772
849
1,327
3,274
3,796
1,163
4,662
659
10, 704
1
1
1
3
17
12
18
40
37
17
38
9
78
2
157
5
379
266
28,206
3
257
4,894
478
11, 728
849
90
I
41
6
113
8
1
64
4
345
1
64
172
18, 294
1
90
273
1
51
2,003
322
35
8,300
2,252
595
36
8,351
3,740
461,013
55
108
6,952
24,858
14
13
1,676
2,241
477
3,166
730
5,116
2
37
105
5,496
1
1,288
220,706
336
43,408
15,641
52,772
281
28,939
6
327
168
267
122
119
172
77
48
46,929
25 929
49,825
18, 504
22,892
28,079
14,894
10,741
122
55
122
65
34
62
65
27
16,096
7 402
18,406
7,568
5,939
6,312
6,918
5,193
1,249
771
2,813
852
1,294
911
458
202
6,383
6 022
13, 356
4,337
5,029
8,265
5,334
3,700
16
21
41
2
8
26
3
5
1,547
2 206
4,201
128
689
3,573
214
330
3
1
84
1
1,300
217, 793
552
73,834
8,550
52,426
122
12,888
5
41
34
42
121
60
49
72
25
216
8,190
9,078
5,519
12, 249
11,998
6,127
10, 547
4,436
27,040
22
19
20
66
22
19
30
14
115
1 975
1,564
1,553
4,894
1,995
2,019
2,520
2,388
9,124
171
320
262
330
68
4,164
5,896
2,066
2,482
6,087
1,874
2,514
1,095
5,585
2
3
4
14
1
13
3
1
18
108
449
311
1,169
52
1,071
680
108
1,252
660
95,184
327
28,032
1,347
31, 763
59
5,200
86
22
184
45
4
8
24
17,077
3,257
26,203
3,459
360
1,457
6,777
32
16
57
28
4
8
17
5,628
1,568
8,937
753
267
946
2,911
482
55
576
5,013
1,156
2,983
1,067
93
434
3,158
12
970
13
9
1,915
790
3
363
373
58,590
162
21,010
1,190
13,904
37
4,038
1
573
249
39
12,058
4
1,433
40
12,631
4
1,433
6,875 1, 204,002
2,172
340, 518
72, 247
217,554
850,876
499,386
550,811
30,151 7, 575,998
2,984
106
90
77
918
108, 586
7,673 1,507,318
24
470
2,254
84,015
18,973 4,075, 678
1 Represents the number of checks and letters of credit outstanding each of which is over $50,000.
2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1,1929.
21
1,830
51
7,914
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1983—Continued
to
00
RECAPITULATION
[Amounts in thousands of dollars]
Totals
State, county,
and municipal
funds
United States
Government
deposits
Postal Savings
Deposits of
other banks
Certified and
cashiers' checks
and cash letters
of credit outstanding
Other deposits
Active accounts
Dormant 2accounts
i
Location
Num- Amount Num- Amount Num- Amount Num- Amount Number Amount
Number Amount Number of Amount
ber of
of depos- of de- deposiof de- ber of
of de- of depos- of deof de- deposiof de- ber of
of de- ber of
itors
posits deposiposits
posits
posits
posits deposiitors
posits
posits depositors
tors
tors
tors 1
tors
Num- Amount
ber of
of dedeposi- posits
tors
o
o
CENTRAL RESERVE CITIES
New York
1,136,820 2,755, 817
911,567 1,347, 637
Chicago
Total central reserve
2,048,387 4,103, 454
cities...
389
395
38,057
83,449
132,172
37,354
49, 261
1,325
8,001
7,578
502, 663 124, 793
232, 294 44,834
784
121, 506
169, 526
50, 586
15, 579
734,957 169, 627
260
20
3
67
27
24
5
47, 640
1,316
95
21,131
41, 348
223
27
29,2^
8,009
8,836
2,931
1,691
21,870
1,670
14
17,754
6,818
4,310
2,401
200
193
5,724
2,378
6,676
3,275
4,351
4,071
263
1,448
2,060
1,860
2,186
11
94, 641
10,324
903,919 1,933, 275
976,931
611,159
99, 716
247,601
5,748
5,960
104,965 1, 515,078 2,910, 206
347,317
11, 708
o
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
Richmond
Charlotte
Atlanta.
Savannah
Jacksonville
Birmingham
New Orleans
Dallas
El Paso
Fort Worth
Galveston
Houston
320,693
36,421
1,990
229,383
244,433
55, 679
169,820
64,157
29,303
203, 332
127,113
109,312
68, 210
272,190
110, 205
21,096
100, 090
32, 410
167,378
799,047
19, 948
957
513,609
360, 071
131, 701
128,908
57, 979
10,726
95, 207
68, 034
55, 704
35, 501
114,892
136, 223
14,141
59,929
25,875
129, 616
63
105
79
8
159
15
40
17
5
22
3,377
536
1,715
626
3,394
1,199
5,118
2,536
14,802
4,152
1,123
3,481
668
4,194
7,
6,062
4,382
3,170
8,685
13, 596
94
1,933
1,022
11,594
138,148
321
2,230 116,950
1,412 85, 225
459 30,811
519 11, 241
302 12, 213
27
1,035
590 17,859
398 14, 339
248
7,859
185
4,872
855 20,996
862 33, 762
60
1,208
542 15,850
231
4,987
736 27,847
6,147
411
27
2,960
78, 627
902
5,376
1,432
310
1,627
672
990
654
6,271
4,574
1,025
1,773
316
3,404
6,386
232
2
1,874
2,105
468
359
426
79
201
215
247
180
900
2,444
185
454
371
1,676
296,011
35, 525
1,960
198,810
145, 559
47,369
133,903
48, 438
20,384
130,442
73,920
68,410
27, 832
148,162
80, 201
16, 768
78,618
22,174
100, 636
541,944 16,089
454
16,129
819
324,930 25,316
250,327 18,808
83,610
6,926
109, 294 30,017
41, 632 13,977
8,699
8,573
58,304 70,610
43,466 52,018
31,026 39, 585
20,882 39, 531
63,933 116,743
77,380 24, 553
11,127
3,203
36,529 19,140
16, 530
9,684
81,830 62,580
1,711
57
1,724
589
289
2,146
102
46
1,743
375
396
586
1,225
818
141
234
237
615
w
H
O
d
528
San Antonio
Waco
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
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
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
Oakland
San Francisco
Ogden
Salt Lake City
75,112
45,053
63,874
156,832
90, 225
47, 014
122, 334
135,964
71,840
53,406
64, 301
169, 546
13, 582
156, 375
216,696
110,608
22,166
44, 993
18,483
37, 228
104, 218
31,082
202, 225
48,136
88,173
18,056
28,421
35,847
6,564
28, 560 24,114
12,306 10,875
6,757
39,363
47,877 30, 240
27,695 30, 725
5,520
52,930
115,739 22, 516
5,272
47, 250
7,209
47,673
7,731
12,801
9,790
24,558
160, 224 10, 297
5,826
4,677
93, 728
123,432 27, 554
76,180 20, 534
3,121
9,476
2,616
21,842
4,826
3,825
4,481
7,672
66, 712 17, 821
11, 584 11,611
141,922 67, 616
11,962 14,092
45,466 12,099
2,898
5,003
9,260
9,758
1,532
17, 766
966
4,588
81, 258 20,308
5,490
11,287
38,172 23, 681
44,086 27, 656
73,157 15, 066
1,609
5,932
87,935 23,437
495,950 22,006
26
2,657
717, 776 100, 698
303
2,460
6,544
17,192
627
3,074
2,963
410,405
259,120
283,197
29, 286 1,078,101 314,009
59,826 >, 031,042 4, 669,971 1,181,380
3,747
531,911
428, 646
333,783
44,865 1,813,058 483,636
164, 791 7, 546,120 7, 580,177 1,528,697
7, 558, 680 6,800,859
Total all reserve cities. 9,607,067 10,904,313
Total other
cities
49,379
280
33,670
115
55,152
235
125, 220
681
57,895
306
40, 667
432
93,718
1.243
128,486
520
62,012
501
44,092
179
53, 582
468
148, 227
1,876
13, 378
99
148,307
647
177,459
3,003
86, 827
943
17, 258
96
40, 534
870
13,511
41
31,963
180
82,449
1,873
18, 779
97
129, 648
1,013
32, 356
152
559
71,927
114
14, 608
116
18, 330
428
32, 733
30
5,335
115, 562
1,054
9,019
69
55, 711
716
57, 213
1,176
972
103,136
144
21,184
633
174,008
5,432 627, 604
22
8,904
13, 377 1, 326, 635
96
2,877
234
26, 565
500
195
1,599
1,325
580
3,135
239
4,624
1,548
1,649
1,029
636
4,119
787
4,744
3,621
13, 569
1,219
13, 746
26, 206
235
78, 523
616
1,058
129
45
17
32
27
37
12
15
63
63
60
10
53
24
5
55
55
27
39
49
13
160
84
3
309
3
51
139, 619
15,040
84, 436
87,808
123,446
23,979
201, 379
677,982
9,204
516,641
3, 366
34,211
2,339
1,203
2,316
5,781
4,553
3,638
7,607
16,919
3,387
200
1,645
120
3,779
3,423
1,923
3,136
8,967
1,507
1,230
91
377
6,398
61
10, 254
2,606
823
25
371
20
374
2,684
196
4,233
985
1,094
417
589
1,712
122
1,624
18
386
754
7,124
18
3,162
8,270
77
27, 359
133
154
42,921
16, 222
58, 299
74,466
42,996
71,811
156,006
81,123
68,856
13, 501
31,825
207, 536
8,012
140,325
190, 758
114,385
18, 071
35,846
4,819
16, 611
118, 923
19, 261
197, 997
21, 692
77, 539
10, 509
18, 234
32, 509
7,246
113, 240
16,126
70, 330
60,083
117, 689
9,890
122, 791
610, 915
3,343
987,924
5,583
26, 578
16
2
30
88
41
95
12,051
1,679
10,369
10, 549
7,347
2,126
2,702
583
1,951
1,671
514
9,326
2,365
4,090
1,393
2,795
1,956
820
5,922
1,155
7,814
3,645
8,066
564
6,808
36, 246
350
1,824
204
533
1,176
2,667
1,616
8,044
3,772
833
142
651
2,463
2,424
4,010
270
88
530
458
388
376
370
381
541
3
124
254
48
854
1,683
818
268
369
16
322
1,822
410
1,032
450
1,147
144
179
348
64
368
73
552
286
374
93
313
455
992
34
136
8,061
1,275
2,127
413
12,004 1,377
14,929
890
5,591
1,200
434
9,849
13,801 5,681
10, 785 1,756
15,138 2,062
1,578
13
775
2,555
26,890 10,680
115
347
22, 244 2,442
48, 473 9,871
23, 620 2,384
1,502
6,218
1,442
9,471
103
127
425
4,814
44, 436 2,114
267
6,172
37, 817 3,866
5,907 1,175
21, 530 2,940
396
1,943
599
3,260
9,564 1,210
194
1,025
18, 648 3,326
403
2,709
18, 220 4,465
6,376 2,614
14,022 4,821
1,080
1,943
3,461
9,761
33,176 27,833
271
52, 744 88, 007
1,644
149
4,624
915
1 Represents the number of checks and letters of credit outstanding.
2
Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
212
147
69
599
261
210
605
370
94
75
308
97
620
271
1,462
130
90
28
21
222
118
551
82
176
91
67
54
25
615
101
278
425
779
70
746
5,635
2
11, 250
7
242
40,239 fcj
947
51,947
}
to
CO
TABLE N O . 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1938—Continued
RECAPITULATION—Continued
[Amounts in thousands of dollars]
Totals
State, county,
and municipal
funds
United States
Government
deposits
Other deposits
Certified a n d
cashiers' checks
Postal Savings
other banks
and cash letters
of credit outstanding
Active accounts
Dormant 2accounts
Location
to
o
I
H
O
Number Amount
of deof depositors
posits
Number of
depositors
Amount
of deposits
Num- Amount
ber of of dedeposi- posits
tors
N u m - Amount
ber of
of dedeposi- posits
tors
NumNumber of Amount ber of Amount
of dedeposi- of deposits
posits
tors i
depositors
Number
of depositors
Amount Number of
of deposits depositors
Amount
of deposits
Q
O
COUNTRY BANKS
Maine
New Hampshire
Vermont.. __
_ __
Massachusetts
Rhode Lsland
Connecticut
Total New England
States
New York
New Jersey
Pennsylvania
Delaware—
Maryland
225
489
220
6,409
347
3,236
345
2,132
168
7,718
130
6,488
108
103
66
521
26
269
4,009
4,050
1,287
16, 412
2,055
13,981
2,048
2,011
1,214
6,636
436
3,985
2,582
39,970
10,926
16,981
1,093
41, 794
773, 610
553, 390
941,892
14,512
70, 207
7,119
1,419
5,183
31
235
113,402
31,694
56,944
754
4,359
12, 531
14, 245
10,886
188
188
7,113
23,787
26,007
472
752
794
466
1,068
19
55
5,344,105 2,353,611
13,987
207,153
38,038
58,131
466
213
168
172
461
485
467
147
381
2,377
444
6,655
3,780
2,873
2,911
1,420
8,066
7,388
3,940
2,834
23, 206
3,051
1,777
544
181
304
1,219
2 912
4,825
654
608
1,663
242
2,557
5,194
1,561
3,292
2,774
14,831
2,952
2,940
961
8,677
5,007
90,555
52,586
36,859
345,654
35, 754
215,044
487
525
445
746
27
352
1,462, 718
776,452
1, 567,965
1,261,888
2, 313,945
26, 715
173, 592
Total Eastern States._
Virginia—. .
West Virginia..
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana .
Texas
Arkansas
3,547
3,764
1,241
18,648
3,064
9,706
179,697
131,979
97,198
705, 556
33, 701
314, 587
_.
_
592,032
359,014
137,102
97.779
157, 791
174,010
312,886
126,633
138,852
914,965
133, 230
180,413
91, 666
36,985
30,676
34,927
73,035
83,177
39,785
48,929
259,328
46,960
147,454
94,961
82,567
593,931
27,533
260,000
79, 501
41, 289
32,938
290, 661
29, 757
177, 227
29,600
34,379
12,906
103,722
5,679
49,981
2,676
655
818
4,485
296
2,777
16, 330
3,701 1, 206,446
651,373
236,267
11,707
21, 639
10,503
8,472
305
534
14,085
6,753
14,639
121
1,007
2,293
1,541
2,461
25
113
1, 274, 254
1,043,441
1,917,118
23,800
139,817
602, 242
464, 254
822,988
12, 548
61,600
271,713
209,809
375,937
2,744
32,478
14,390
7,366
14,134
220
2,661
2,402
41,453
36,605
6,433 4, 398,430 1,963,632
892,681
38, 771
689
222
115
200
150
161
294
165
236
1,317
233
9,537
3,691
1,145
5,648
1,863
2,186
4,287
1,702
5,032
14,844
4,028
4,959
2,353
2,330
1,676
821
2,936
2,856
1,134
2,028
13,065
3,489
529
413
216
144
133
593
253
270
211
2,296
204
125,794
109, 624
33,047
35,081
55,682
63,974
104,184
40,351
56,669
199,825
42, 203
2,955
1,393
354
123
272
428
543
302
1,763
2,203
319
252
207
187
1,321
105
1,629
460,124
246,602
101,442
60.650
100,677
106, 454
205,085
84,836
79,538
698,381
86,861
156,403
76,651
30,655
18, 254
27, 246
44,019
62,929
29,977
37, 520
206,439
34,109
W
o1
tr
t-1
w
H
Q
3
Q
75,996
79, 264
470
276
3, 240
4,422
623
3,360
1,184
5,633
137
328
738
8,769
940]
1,381
Total Southern States. 3, 638, 238 1,081,141
6,527
73, 786
18,912
57, 563
4,247
63,470
295,445
198,499
Kentucky
Tennessee
Ohio
_
Indiana
Illinois
-_ -_
Michigan
"Wisconsin
M innesota
Iowa
Missouri. _.
-
55,699
42,724
1,919
409
39, 968
5,664 2,622, 639
848, 763
964,857
12,983
602,145
283,179
516,495
199,060
307,655
353, 580
132, 335
151, 705
206,635
95,166
164,909
80,237
112,424
134,259
39,215
38,348
92, 386
74, 220
113,114
25,827
58,434
58,480
15,245
42,635
2,219
879
1,534
875
1,598
809
564
518
26, 784
12, 535
31,597
11,146
9,633
15,662
11, 730
7,056
1,608
1,069
3,323
1,294
1,516
1,977
600
378
7,848
6,778
14,353
4,786
5,887
10,095
5,628
4,294
202
355
865
136
453
576
141
261
3,168
5,040
12,371
854
3,380
8,242
1,714
2,500
5,921
3,673
5,956
2,866
8,345
8,856
1,706
1,208
3,082, 751 1,120,947
14, 736
126,143
11, 765
59,669
2,989
37, 269
38, 531
5,912 2, 546,154
871,193
480,341
8,996
1,385
455
919
609
603
1,258
314
369
104,913
91,598
165, 788
349, 728
78,800
79,534
153,927
56,057
419,900
44,231
39,051
54,925
88,316
47,451
28,248
48,427
20,267
111,863
898
1,920
1,852
2,910
146
314
285
176
1,051
4,734
5,378
5,639
13,055
3,456
3,809
4,666
3,953
18,550
609
733
396
834
289
107
181
102
390
4,519
6,173
2,472
3,373
6,186
2,093
3,082
1,243
6,905
247
208
209
489
121
105
44
50
320
1,718
1,825
2,054
4,529
1,358
2,079
999
526
4,806
2,390
2,699
2,305
4,040
2,046
1,315
2,161
2,000
12, 773
327
525
271
431
391
266
312
328
1,330
83, 755
74,978
139,558
266,363
67,201
54,105
109,625
44,048
282,527
32,087
24,227
43,523
65,214
35,524
19, 719
38,802
13,999
78,382
17,623
11,793
21,864
75,926
9,286
23, 695
41,812
9,783
123,229
237
190
570
880
247
175
385
116
1,500
Total Western States.. 1, 500, 245
482, 779
9,552
63, 240
3,641
36,046
1,793
19,894
31, 729
4,181 1,122,160
351,477
335,011
4,300
189,688
109,494
299,447
41,464
18, 499
19, 636
28,630
71,063
32,502
151, 500
16,613
4,470
9,739
17,003
263
1,010
296
241
59
47
93
8,210
3,444
13,468
2,105
650
1,560
3,425
863
101
938
119
40
122
49
77
119
5,640
1,676
3,676
1,213
176
464
3,164
35
1,924
273
3,089
1,340
20
64
654
3,277
1,597
9,607
919
268
498
985
335
177
1,483
127
18
98
228
149, 696
96,963
266, 657
32,034
15, 305
13, 581
24, 791
53,471
26, 558
126,982
11, 726
3,520
7,322
9,311
36, 333
9,884
22, 765
8,221
2,865
5,505
2,726
620
273
1,864
93
86
154
102
706,858
302,890
2,009
32,862
2,107
16, 009
372
7,364
17,151
2,466
599, 027
238,890
88,299
3,192
7,549
3,952
16
171
284
313
30
71
18
7,268
3,123
190
13
1,455
2,003
322
109
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona.
___
_
__
_ .
Total Pacific States,_
Alaska (nonmember banks) The Territory of Hawaii
(nonmember bank)
69, 738
29,123
Total
(nonmember
banks)
_
77, 287
1
68,138
56,423
2,114
741
2,684
1,318
1,702
4,363
1,396
418
-
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
2
238,199]
153,790
249,647
121,922
229,006
99,801
135,041
172,302
59 765
53,463
702, 768
362,168
639,114
229, 207
376, 589
425,855
150 823
196,227
Total Middle Western
States
154
248
<]
13
269
986
299
1,057
284
62,476
24,681
6,258
302
69, 744
27,804
33,075
21
1,626
2,287
635
17
6,448
122
Total country banks... 15,812, 202 6,150, 895
49,414
544, 780
87, 676
245,034
12,913
211, 543 181,371
28, 659 12, 564, 600 4, 953,132 3,003,904
80,071
Total United States. - . 25, 419, 269 17, 055, 208
53,161 1,076,691
578,817
57, 778 2,024,601 665,007
193,450 20,110, 720 12, 533,309 4, 532,601
132,018
1
516, 322
1
Represents the number of checks and letters of credit outstanding.
Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
TABLE NO. 24.— United States bonds on deposit to secure circulating notes of national banks on Oct. 31, 1910 to 1934
3
[For yearly figures 1865-1909, see reports for 1900, p. 305, and 1931, p. 213]
United States bonds held as security for circulation
Number
of banks
Year
2-percent
Panama Canal
2-percent
consols of 1930 loans of 1936
and 1938
1910 _
7,218
$580,145,400
1911 _
1912
1913-.
1914._ .
1915
1916._
1917
1918
1919
.
1920
1921
1922-1923
1924
1925-.
1926
1927
1928 1929-.
1930
1931__
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
8,008
7,832
7,707
7,506
7,218
6,619
593,006, 600
601, 762, 600
604, 264,950
606, 622,300
600, 678,600
567, 690,250
555, 514,950
561,848,600
565,094,950
570, 372, 500
576,522,950
581,493,950
586,801,800
589,086,200
591, 792,150
591,139,900
592, 582,450
592,696, 700
592, 721,100
594, 757, 350
591,180,800
6,104
591,369, 700
_ .
._
.
1932
_
3^-percent
bonds
3-percent
bonds
326-percent
bonds
[3 percent
$78, 420,480 { 1908-18,
I $15,337,540
18,199,380
80,110,040
20, 419, 220
81, 258,460
22, 245,100
81, 701, 240
21,447,180
81,971,820
20, 377, 720
81, 614,420
15,984,680
78,068,660
17, 715, 220
71,466,140
32,240
72,324,800
72, 672,060
73,116, 000
73,732,140
73, 656,840
73,937,380
74,069,640
74, 392,980
74, 352,980
74, 290,840
74, 471,740
74,015,000
74,371,100
74,074, 540
/Panama
Treasury
Canal
bonds of
loan of
1940-43,
1961,
$17,640,950
$1,000 Treasury
Treasury
Conversion
bonds
of
bonds
of
bonds
of
73,496,940
' 1946-49,
\ 1941-43,
1946-47,
$28,345, 200
28,719,400
1,000,000
Treasury
Treasury
bonds of
bonds of
1943-47,
1951-55,
\
25,519,950
\
33, 579,450
1
1
3K-percent
bonds
4-percent
bonds
(4-percent loan
\ of 1925,
I
[ $21,022,650
22,854,300
26,817,000
35,302, 700
34,699, 300
32,304,800
26, 214,400
34, 743,900
50, 240,800
58,055,050
68, 578, 000
77,257,400
82,509,900
85,823,150
76, 687,050
Total
I
$694,926,070
714,170,320
730, 257,280
743, 513,990
744, 740,600
734, 975,540
687,957,990
679,440,210
684,446,440
695,822,060
712,066, 500
727,512,490
737, 660,690
746, 562,330
739, 842,890
666,185,130
665,492,880
666,873,290
667,168,440
666,736,100
669,128,450
665,255,340
o
o
w
o1
tr
t1
w
o
w
j
799,672,590
o
Panama
Canal
loan of
1961,
1933
1934.
5,799
5,589
565, 587,750
501,916,800
67,017, 780
43,516,900
1,000
Conversion
bonds of
1946-47,
1,020,000
Treasury
bonds of
1951-55,
49,414,500
Panama
Canal
loan of
1961,
1,000
Conversion
bonds of
1946-47
15,000
Treasury
bonds of
1946-48
10, 240,250
Treasury
bonds of
1951-55,
32, 584,100
Treasury
bonds of
1946-49,
45, 333,150
Treasury
bonds of
1940-43,
18,113,150
Treasury
Treasury
. bonds of
bonds of
1
1933-41,
1941-43,
$40, 664, 200
38,440,400
Treasury
bonds of
1943-47,
27, 039, 500
Treasury
bonds of
" 1946-49,
19, 223, 650
Treasury
bonds of
1940-43,
8,826,550
Treasury
bonds of
1941-43,
23, 847,000
Treasury
bonds of
1943-47
23,477, 750
Treasury
bonds of
1933-41,
21,880, 650
Treasury
bonds of
1944-46,
11,191,000
852, 631, 430
696,720, 650
W
a
o
o
w
o
s
w
Q
3
O
to
3
TABLE NO. 25.—Profit on national bank-note circulation, based upon a deposit of $100,000 United States consols of 1930, and Panama Canal
loan, at the average net price, monthly, during the year ended Oct. 31, 1934
CONSOLS OF 1930
Receipts
Date
November
December
January
February
March
April
May
June
July
August..
September
October
1933
1934
---
Cost of
bonds
Circulation obtainable
Profit on circulation
in excess of 6 percent on the investment
Deductions
Interest
on circulation
Interest
Gross
less 5
on bonds percent
receipts
redemption fund
Net receipts
Tax
Expenses
Sinking
fund
Total
Interest on
cost of
bonds at 6
percent
Amount
Percent
W
$99,125
98,000
$100,000
100,000
$2,000
2,000
$5,700
5,700
$7,700
7,700
$500
500
$97.18
97.18
$5,947. 50
5,880.00
97, 594
99,109
99, 750
100,047
100, 625
101,156
101,188
100, 516
99, 484
99,719
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
97.18
97.18
97.18
97.18
97.18
97.18
97.18
97.18
97.18
97.18
5, 855. 64
5,946. 54
5, 985. 00
6,002.82
6,037. 50
Indeterminate..
o
o
g
s
6,071. 28
6,030.96
5,969.04
5,983.14
PANAMA CANAL LOAN (2's of 1916-36)
November
December
1933
1934
January
February
March
April
May
June
July
August
September
October
1
Negative.
$100, 391
100,172
$100,000
100,000
$2,000
2,000
$5, 700
5,700
$7, 700
7,700
$500
500
$97.18
97.18
99,797
100, 219
100, 656
101,125
101,469
102,063
102, 219
101,047
101, 359
101, 391
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
97.18
97.18
97.18
97.18
97.18
97.18
97.18
97.18
97.18
97.18
$139.72
61.11
1
78. 38
89.26
268. 43
482. 60
688. 30
971. 62
1, 080. 41
1, 044. 57
683. 63
767. 34
w
658. 29
$6, 963.10
7,041. 71
518. 80
686.44
865. 61
1,079. 78
1, 285. 48
1, 568. 80
1, 677. 59
1, 641. 75
1, 280.81
1,364. 52
7,181.20
7,013. 56
6, 834. 39
6, 620. 22
6,414. 52
6,131. 20
6, 022. 41
6,058. 25
6,419.19
6, 335.48
$6,023.46
6,010.32
5,987. 82
6,013.14
6,039. 36
6,067. 50
6, 088.14
6,123. 78
6,133.14
6,062. 82
6,081. 54
6,083. 46
$939. 64
1,031. 39
0.936
1.030
1,193. 38
1,000.42
795. 03
552. 72
326. 38
7.42
-110.73
-4.57
337. 65
252.02
1.196
.998
.790
.547
.322
.007
.333
.249
Q
REPOET OF THE COMPTROLLER OF THE
CURRENCY
275
TABLE N O . 26.—Investment value of United States bonds—Panama Canal bonds,
and 2's of 1930
Panama Canal bonds,
2's of 1916-36
Date
January
April
July
October
1934
Average
price, net
Rate of interest realized by investors
$99. 797
101.125
102.219
101.391
2 percent bonds of 1930
Average
price, net
Percent
2.082
1.503
.903
1.219
$97. 594
100.047
101.188
99. 719
Rate of interest realized by investors
Indeterminate.
Do.
Do.
Do.
TABLE N O . 27.— United States bonds—Monthly range of prices in New York,
November 1933 to October 1934, inclusive
Registered bonds
Date
November:
Opening..
Highest. _
Lowest...
Closing...
December:
Opening..
Highest..
Lowest. _.
Closing...
1933
January:
Opening..
Highest. .
Lowest...
Closings.
February:
Opening..
Highest..
Lowest ...
Closing...
March:
Opening..
HighestLowest. _.
Closing. _.
April:
Opening..
Highest...
Lowest...
Closing. _.
May:
OpeningHighest.. .
Lowest...
Closing. _.
June:
Opening..
Highest. _
Lowest.-Closing...
July:
Opening..
Highest..
Lowest. _.
Closing. _.
August:
Opening..
Highest...
Lowest...
Closing—September:
OpeningHighest-.
Lowest. __
Closing. _October:
Opening—
HighestLowest-._
Closing—.
1934
Coupon bonds—
2's of 1930
2's of 1930
$99.24 @ 100.00 Not quoted.
99. 24 @ 100.00
do.
99.00 — .do
98.08® 99.00
do
99.00
.do.
99.00
_do.
96.24® 97.16
_do97.08@ 98.00
-do_
Panama 2's of
1916-36
$100.04 @
100.16 @
100.00 @
100.00 @
101.00
101.08
100.16
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276
EEPOET OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 28.—Number, capital stock, and circulation outstanding of licensed
national banks issuing circulating notes, together with the number and capital
stock of national banks not issuing circulating notes, June 30, 1934, by reserve
cities and States
[In thousands of dollars]
June 30,1934I
] Sanks
issuing circulation
Banks not issuing circulation
Capital stock
Location
Capital stock
NumCircula- Numtion out- ber of Preferred Common
ber of Preferred
standing
banks and combanks and com- Common
(par
(par
mon (book value)
mon (book value)
value)
value)
CENTRAL RESERVE CITIES
New York
Chicago
Total central reserve cities
7
5
23,264
4,450
22,964
3,350
9,600
2,688
3
5
284,770
130,700
184,770
55,700
12
27,714
26,314
12,288
8
415,470
240,470
5
2
14
6
4
5
1
3
2
2
3
1
3
4
2
1
3
8
5
3
1
2
2
3
4
2
3
1
3
4
3
1,000
3,025
500
31, 336
22, 500
3,250
3,450
1,050
1,300
6,900
5, 600
6,000
10,000
8,200
16,150
600
2, 500
1, 500
15, 700
4,300
1,350
300
2,000
4,500
7,900
7,900
21,700
7,200
400
7,050
1,500
3,260
500
2,375
410
29,186
22, 500
2,250
3,450
1,000
1,050
6,400
5,300
6,000
2,500
5,200
13,150
600
1,500
900
9,400
3,150
850
300
2,000
4,500
3,900
7,900
9,700
7,200
200
5,250
1,150
2,760
500
1,614
360
8,233
14,452
1,255
2,852
1,000
1,033
5,042
1,985
3,060
2,500
4,984
7,077
600
1,483
888
8,352
2,792
848
300
1,963
4,457
3,791
2,159
6,931
3,126
200
4,881
894
2,298
5
2
71,000
500
71,000
500
3
4,040
3,490
1
4
1
4,666
6, 000
3,000
4,000
4,500
3,000
3
1
1
1
2,450
750
650
350
1,400
750
300
200
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Washington
Richmond—
Charlotte
Atlanta
Savannah
Jacksonville
Birmingham
New Orleans
Dallas
El Paso
Fort Worth __
Galveston
Houston...
San Antonio _ _
Waco
Little Rock
Louisville
Memphis
Nashville
C incinnati
Cleveland
Columbus
Toledo
IndianaDolis
Chicago
_
_ _
,_ _ _
__
-
Peoria
Detroit
Grand Rapids
Milwaukee
Minneapolis
St Paul
Cedar Rapids
Des IVIoines
Dubuque
Sioux City
Kansas City, Mo.
St Joseph
St. Louis
Lincoln
Omaha
Kansas City Kans
Topeka
Wichita
Helena
Denver
Pueblo
Oklahoma City
Tulsa
Seattle
__. ___ _
______
_ --
_ _-
2
2
4
3
1
2
1
3
4
3
6
3
3
2
3
3
1
5
2
2
2
3
1,650
12, 200
17,400
9,000
500
5,600
200
850
3,300
900
18, 600
1,650
5,025
950
1,200
1,400
300
6,500
600
6,200
6,200
13, 000
900
12, 200
11,800
6,750
500
1,250
200
650
3,300
900
13, 508
1,350
2,600
400
1,200
1,300
300
4,000
600
3,100
2,200
13, 000
896
11, 655
6,303
5,748
500
1,247
200
648
831
335
2,388
1,345
2,239
397
1,100
1,297
199
3,993
597
3,100
725
10,314
2
700
500
1
1,000
1,000
3
900
900
2
20, 500
8,000
1
4
1
1
400
3,850
200
700
400
2,500
200
400
3
2,400
800
1
1,000
1,000
3
2
1,000
2,800
1,000
2,600
REPORT OP THE COMPTROLLER OF T H E CURRENCY
277
TABLE N O . 28.—Number, capital stock, and circulation outstanding of licensed
national banks issuing circulating notes, together with the number and capital
stock of national banks not issuing circulating notes, June 30, 1934, by reserve
cities and States—Continued
[In thousands of dollars]
June 30, 1934[
Banks issuing circulation
Banks not issuing circulation
Capital stock
Location
Capital stock
NumCircula- Number of Preferred
tion out- ber of Preferred Common
banks and com- Common
standing
banks and com(par
(par
mon (book value)
mon (book value)
value)
value)
OTHER RESERVE CITIES—continued
Spokane
Portland
Los Angeles
San Francisco
Ogden
Salt Lake City
2
2
4
5
1
3
1,500
6,500
46, 000
81, 400
1,000
2,650
750
6,500
34,000
75,900
400
1,850
750
6,448
18,204
64,596
400
1,779
Total other reserve cities
183
462,196
363,939
250,144
46
128,190
108,440
Total all reserve cities
195
489, 910
390,253
262,432
54
543,660
348,910
8,341
6,245
6,220
33,831
7,470
20, 392
5,835
5,447
4,775
24,668
7,120
16,301
4,403
4,891
3,971
18,717
6,143
9,404
6
3
5
18
959
175
415
4,620
659
150
325
2,660
.-.
33
49
37
114
12
46
8
2,165
2,095
Total New England States. _.
291
82,499
64,146
47,529
40
8,334
5,889
388
191
637
15
53
65, 764
45,016
98,590
1,808
5,348
55,309
36,518
89,333
1,708
4,241
42,550
27,623
74, 779
1,203
3,589
52
43
37
1
4
5,995
8,278
3,280
25
627
5,600
7,517
2,890
25
527
1,284
216, 526
187,109
149, 744
137
18,205
16,559
119
72
31
16
44
37
68
21
21
317
40
93
65
22,434
13, 330
4,520
3,475
5,596
7,350
13,045
4,240
5,305
29,507
4,852
10,745
9,699
20, 224
11,120
3,590
2,625
5,190
6,875
9,730
2,815
4,480
25,635
4,010
9,295
8,399
17,825
9,314
3,031
2,332
4,132
5,108
8,855
2,331
3,613
21,223
3,306
8,544
7,933
11
6
8
2
6
10
1
4
4
107
8
3
730
450
1,250
300
350
2,330
50
520
300
6,520
475
100
642
355
750
250
275
2,175
25
490
175
5,065
335
100
944
134,098
113,988
97,547
170
13,375
10, 637
219
Ohio
107
Indiana
221
Illinois
66
Michigan _
«
82
Wisconsin
179
Minnesota
86
Iowa
61
Missouri
_
Total Middle Western States. 1,021
30,950
15,472
22,421
12,225
13,552
17,133
5,955
5,792
27,803
10,380
18,365
9,372
12,420
13,212
4,969
4,725
23,600
9,732
15,948
9,158
10,554
10,900
4,292
4,379
19
10
40
16
21
25
27
10
2,330
2,450
4,450
2,820
1,770
1,585
1,421
660
2,145
1,410
3,945
1,363
1,375
1,420
1,126
485
123,500
101,246
88,563
168
17,486
13, 269
COUKTRY BANKS
Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut
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 _ _.
106093—35
278
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 28.—Number, capital stock, and circulation outstanding of licensed
national banks issuing circulating notes, together with the number and capital
stock of national banks not issuing circulating notes, June 30, 1934, by reserve
cities and States—Continued
[In thousands of dollars]
June 30,1934
:Banks
Location
issuing circulation
Banks not issuing circulation
Capital stock
Number of
banks
Capital stock
Circula- NumPreferred Common tion out- ber of Preferred Common
standing
banks and comand com(par
(par
mon (book value)
mon (book value)
value)
value)
COUNTRY BANKS—continued
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)
The Territory of Hawaii (nonmember bank)
Total (nonmember banks)
61
47
97
150
28
23
55
18
148
4,725
4,285
5,618
8,902
3,441
2,170
4,103
1,775
8,308
2,895
1,875
4,723
8,337
2,725
1,855
3,490
1,325
7,790
2,171
1,481
4,121
6,959
1,862
1,352
2,927
1,204
6,228
10
17
31
37
19
3
18
6
62
558
1,320
1,365
1,760
870
375
1,065
285
2,720
535
1,035
1,125
1,585
770
350
790
285
2,435
627
43,327
35,015
28,305
203
10,318
8,910
50
44
101
18
8
6
6,375
2,773
11, 638
1,470
320
500
1,425
5,025
2,290
10,508
1,299
277
417
854
12
7
20
7
2
842
275
2,183
225
108
535
225
1,505
225
75
7
6,931
3,295
14,377
2,065
450
550
1,425
1
200
100
234
29,093
24,501
20,670
49
3,833
2,665
1
50
50
3
263
225
175
1
3,350
3,350
3,328
4
3,613
3,575
3,503
1
50
50
Total country banks
4,405
632,656
529,580
435,861
768
71,601
57,979
Total United States
4,600
1,122,566
919,833
698, 293
822
615, 261
406,889
TABLE N O . 29.—National-bank notes issued, redeemed, and outstanding, by denominations and amounts, on Oct. 81, each year 1981 to 1984
[For prior years see Annual Eeports for 1920, p. 42, and 1931, p. 220]
Ones
Twos
Fives
Tens
Twenties
Fifties
One
hundreds
Five
hundreds
One thousands
Total
23,169, 677
22, 828, 895
340, 782
15, 495, 038
15, 332, 568
162,470
3, 671, 919, 360
3, 656, 801,150
15,118, 210
5, 973, 628, 480
5, 942, 854, 205
30, 774, 275
3, 464, 395, 520
3, 431, 759, 720
32, 635, 800
410, 619, 750
404, 602, 900
6, 016, 850
502, 217,900
494, 799, 000
7, 418, 900
12,289, 500
12, 202, 000
87, 500
7,454,000
7,433,000
21,000
14,081,189, 225
13,988, 613, 438
92, 575, 787
370, 660,020
237,344,670
133, 315, 350
539, 871, 600
290, 390,040
249, 481, 560
289, 973,160
97,065, 740
192, 907, 420
28, 612, 600
6, 868,050
21, 744, 550
17, 367, 400
2,018,900
15, 348, 500
3,671,919,360
3, 658, 731,190
13.188,170
5,973,628,480
5, 948, 554, 990
25,073,490
3,464,395, 520
3, 439, 078, 200
25,317, 320
410, 619, 750
405, 965, 700
4,654, 050
502, 217,900
496, 355, 700
5,862, 200
524, 707, 860
371,118, 920
153, 588, 940
777,170, 880
446, 764, 780
330, 406,100
415,146,840
165, 977, 200
249,169,640
44, 723,800
10, 587, 750
34,136, 050
30, 203, 20G
3, 428,000
26, 775, 200
3, 671,919, 360 5, 973, 628,480
3, 660, 392, 200 5,953, 627,055
11, 527,160
20,001,425
3,464,395, 520
3,445,941,600
18,453, 920
410, 619, 750
407, 217, 300
3, 402, 450
502, 217,900
497,890,800
4, 327,100
1, 002,947,180
623, 622, 510
379,324,670
529, 262,900
236,362, 360
292,900,540
51, 313, 350
15, 018, 750
36,294,600
38,137,900
5, 573, 000
32,564,900
Year
Issued during current
year
OLD SERIES
1931..-.
Issued
Redeemed
Outstanding
1931
Issued
_.
Redeemed
Outstanding
NEW SERIES
1, 246, 484, 780
633, 687, 400
612, 797, 380
457,163, 430
W
tel
OLD SERIES
1932
Issued
Redeemed
Outstanding
1932
Issued
Redeemed
Outstanding
1933
Issued
Redeemed
Outstanding
1-3
23,169, 677
22, 828, 928
340, 749
15, 495, 038
15, 332, 618
162, 420
12, 289, 500
12, 202, 000
87, 500
7,454,000
7, 433, 000
21,000
a
o
14,081,189, 225
14,006,482, 326
74,706,899
hj
NEW SERIES
1, 791,952,580
997,876, 650
794,075,930
545,467, 800
H
W
O
f1
tel
OLD SERIES
23,169, 677
22, 828,928
340, 749
15,495,038
15,332,618
162,420
12, 289, 500
12, 202,000
87,500
7,454,000
7,433,000
21,000
14,081,189, 225
14,022,865, 501
58,323, 724
o
NEW SERIES
Issued
Redeemed
Outstanding
673,899,645
505,699, 255
168,200,390
2, 295, 560,975
1,386, 275,875
909,285,100
503,608,395
a
d
OLD SERIES
1934_
1934
Issued..
Redeemed
Outstanding
23,169, 677
22, 828, 928
340, 749
NEW SERIES
Issued
Redeemed
Outstanding
15,495,038
15, 332, 618
162, 420
3, 671,919,360
3, 661, 286,630
10, 632, 730
5,973,628, 480
5, 956,074,125
17, 554, 355
3,464, 395, 520
3, 449,022,940
15,372,580
410, 619, 750
407, 808, 350
2,811,400
502, 217, 900
498, 550, 700
3, 667, 200
809, 644, 595
657, 043,515
152, 601,080
1,181,581,140
834,990, 840
346, 590, 300
615,161, 220
323, 455, 560
291, 705, 660
56,146, 450
20,163,900
35, 982, 550
43,465. 700
8, 364, 400
35,101, 300
NOTE 1.—First issue Dec. 21, 1863; first redemption Apr. 5, 1865.
NOTE 2.—Gold notes included since 1915.
NOTE 3.—Fractions and nonassorted notes not included.
12, 289, 500
12, 202,000
87, 500
7,454, 000
7,433,000
21,000
14,081,189, 225
14,030, 539,291
50,649,934
2, 705,999,105
1,844,018,215
861,980,890
ft
i
410, 438,130
o
to
CO
280
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 30.—National-bank currency issued to banks monthly from Nov. 1,
1933, to Oct. 31, 1934, and since 1863
Issued on
account of
redemptions
1933
November
December
Issued on
bonds
Grand total
issued since
1863
Total issued
$31,365, 040
29,207,410
$7,847,180
32,648, 230
35,478,325
27,570,485
27,616,780
27,784, 585
24, 701,060
30,290,730
28,067,530
26,113,145
23,404, 765
25,147,085
6, 281,850
6,411,020
5, 667,150
3,468,100
2,978,450
2,335,580
491, 250
1,914,450
941,590
2,706,340
$39,212, 220 $16,463,845,980
61,855,640 16,525,701,620
1934
January
February
March
April
May._
June
July
August
September
October
Total
336,746,940
73,691,190
41,760,175
33,981,505
33, 283, 930
31,252,685
27,679,510
32, 626, 310
28,558,780
28,027,595
24,346,355
27,853,425
16,567,461,795
16,601,443, 300
16, 634, 727, 230
16, 665,979,915
16, 693, 659,425
16, 726, 285, 735
16,754,844,515
16,782,872,110
16,807, 218,465
16,835,071,890
410,438,130
TABLE NO. 31.—National-bank notes received monthly for redemption during year
ended Oct. 31, 1934
Received by the Comptroller of the Currency
Month
From the redemption agency
From national
banks in connection with
reduction of
circulation
replacement
Retirement
and replace- For
with new notes
account
ment with
new notes
Total
1933
November.
December-
$31,829,497.50
28,892,860.00
$7,659,570.00
6,719,690.00
$39,489,067. 50
35, 612,550. 00
35,566,050.00
27,662, 290.00
28,149,560.00
27,438,400.00
27,627, 210.00
29,425,440.00
26,350, 412. 50
26, 256, 395. 00
23,919,847. 50
25,346,610.00
8,113,990.00
7, 276, 780.00
8, 223,655.00
11, 213,150.00
11,009,425.00
11, 697, 790.00
15,118,895.00
14,566,975.00
11,426,190. 00
13,069,535.00
43,680,040.00
34, 939,070.00
36, 373, 215.00
38,651,550.00
38, 636,635.00
41,123, 230. 00
41,469,307. 50
40, 823, 370. 00
35,346,037.50
38,450,105. 00
338,464, 572.50
126, 095,645.00
464, 594,177. 50
59, 371, 225.00 13, 263,557,180.00
1,929,063,662.00
15, 251, 992,067.00
59,405,185.00 13,602,021, 752. 50
2,055,159, 307. 00
157716, 586, 244. 50
1934
January
February. _
March
April
May
June
July
August
September.
October
Total _
Received from J u n e 20, 1874, to
Oct. 31, 1933
Grand total.
$33,960.00
33,960. 00
REPORT OF THE COMPTROLLER OF THE CURRENCY
281
TABLE NO. 32.—National-bank notes received at Currency Bureau and destroyed
since establishment of the system
[For yearly figures 1866-99 see report for 1931, p . 223]
Date
Date
Amount
Prior to Nov. 1, 1865
$175,490.00
D u r i n g t h e year ended Oct. 31—
1866-99
1900
1901
1902
1903
1904
1905
1906
_ _
1907
1908 _
_ .
1909
1910
1911
1912
1913
1914
1915
1916 _
1917
1918
1919
1920
1,789,185,225. 00
71,065,968.00
90,848,100.00
107,222,495.00
140,306, 990. 00
167,118,135. 00
195,194,785.00
191,102,985. 00
197,932,847. 00
231,128,140. 00
326, 622,845. 00
359,496,000. 00
409,835, 965. 00
428, 399, 608. 00
426, 282,840. 00
435, 904, 280. 00
362, 551,125. 00
351, 374, 597. 00
298,468,107.00
236, 296, 660. 00
Amount
During the year ended Oct. 31—
Continued.
1921
$570,887,902.00
537,153, 570.00
542,194,707.00
522,241,817.00
470, 950,865.00
487,254,340.00
475,920, 522.00
517,236,465.00
492,160, 200.00
645, 640,640.00
433,315, 240.00
341, 314,325.00
346, 712, 255. 00
339, 901, 582. 50
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
TotalAdditional amount of insolvent
and liquidating nationalbank notes destroyed
Gold notes
QQA iflfl c c r An
424, 542, 837. 00
14, 294,047,009. 50
1,577,010, 516. 50
3,390, 560. 00
1
Grand total
15, 874, 448, 086. 00
i In addition, $46,115 destroyed in transit.
TABLE NO. 33.—National-bank notes issued during each year 1914-84, nationalbank notes of active, insolvent, and liquidated banks destroyed, total destructions
for each year, and percentage of destructions to issues
[For prior years, see report for 1920, vol. 2 p . 51]
Destroyed
Year ended
Oct. 31—
Active banks
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929 i
19301
1931
1932
1933
1934
$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
509,464,360
506,131,540
542,913, 470
517, 573, 245
683, 508, 845
457,163, 430
545,467,800
503, 608, 395
410, 438,130
i New series included.
$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
487, 254, 340
475,920, 523
517, 236,465
492,160, 200
645, 641, 640
433, 315, 340
341, 314, 705
346, 712, 265
339, 901, 595
Insolvent
and liquidated b a n k s
Total
Total outstanding
$20, 246,418 $456,150, 698 $1,121,468,911
705, 358,657
342,807, 352
781, 268, 793
410,401,401
59,026,804
726,069,290
337, 369, 702
38, 901, 595
716,276,375
256, 535,377
20, 238, 717
721,471,137
354,971,190
24,864, 635
722,394, 325
444,337,377
19, 794, 540
732, 549,629
591, 304,927
20, 417, 025
743, 288, 847
550,842, 200
13, 688, 630
760,679,187
559, 781, 457
17, 586, 750
772,606, 269
548,896,385
26,654, 568
774,281,624
553, 393, 720
82, 442, 855
713, 802, 744
522, 339, 682
35, 085, 342
700, 714, 532
502,845, 878
26, 925, 355
702,992, 694
544,899, 970
27, 663, 505
700,152, 454
518,182,884
26, 022, 684
700, 328, 815
678, 569, 480
32, 927, 840
700,155,900
461,087,672
27, 772, 332
669, 969, 441
382, 058,138
40, 743, 433
863, 075,900
404, 782,400
58, 070,135
961, 548,135
125, 514, 535
465, 416,130
907, 392,088
Percent
destruc- Percent
tions, destrucactive tions to
banks to issues
issues
53.27
99.59
98.62
91.68
90.83
92.53
93.09
94.62
94.33
95.14
94.86
95.70
95.64
94.03
95.27
95.08
94.45
94.78
62.57
68.84
82.81
55.75
193. 75
115.18
103. 62
98.61
99.50
97.43
98.01
96.73
98.23
99.73
112. 45
102. 52
99.35
100.36
100.11
99.27
100.85
69.91
80.37
113. 39
282
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 34.—Amount, denomination, and cost of national bank currency
received from Bureau of Engraving and Printing year ended Oct. 31, 1934
6-SUBJECT SHEET, SERIES OF 1929
Cost of p a p e r
Cost of printing, etc.
_
$128, 758,320
169,152,360
92, 695, 680
4, 622,400
7, 735, 200
$24,034.89
15, 787. 55
4, 325. 80
86.28
72.20
$154,080. 79
101,209. 50
27, 731.46
553.15
462. 82
$178,115. 68
116, 997.05
32,057. 26
639. 43
535. 02
Total
402,963,960
44, 306. 72
284,037. 72
328, 344. 44
Amount
Denominations
5 ..
10
20
50
100
Total cost
TABLE NO. 35.—Vault account of currency received and issued by Currency Bureau
during the year, and the amount on hand Oct. 31, 1934
OLD SERIES
National bank currency in vaults at the close of business Oct. 31,1933
National bank currency received from Bureau of Engraving and Printing, during the year
ended Oct. 31,1934
Amount issued to banks during the year
Amount in vaults at close of business, Oct. 31, 1934
$19,930
0
0
19,930
NEW SERIES
National bank currency in vaults at the close of business Oct. 31,1933
257,592,915
National currency received from Bureau of Engraving and Printing during the year ended
Oct. 31,1934
402,963,960
Total to be accounted for
Amount issued to banks during the year
Amount withdrawn from vaults and canceled
$410,438,130
16,613,615
Total withdrawn
Amount in vaults at close of business Oct. 31, 1934...
Add "Old series"
660,556,875
427,051,745
233,505,130
19,930
Total amount in vaults
233,525,060
TABLE N O . 36.—Vault account of currency received and destroyed during year
ended Oct. 31, 1934
Amount in vault of Redemption Division of Currency Bureau awaiting destruction at
close of business Oct. 31, 1933
$6,122,980.00
Amount received during year ended Oct. 31, 1934
464,594,177.50
Total
Withdrawn and destroyed during year
Balance on hand in vault Oct. 31, 1934
470,717,157.50
465,416,117.50
5,301,040.00
TABLE N O . 37.—Amount of currency received for redemption, by months, from
July 1, 1933, to June 30, 1934, and counted into the cash of the National Bank
Redemption Agency
National-bank
notes
1933
July
August
September
October
November
December
1934
January
February
March
April
May
June
Total—.
Federal Reserve bank
notes
Federal Reserve notes
United States
currency
Total
$39, 286,122. 00
42, 603, 242. 50
40,004,069. 00
41, 305,119. 00
36,078, 722. 50
35,136,980. 00
$821, 785
1, 470,007
2, 238, 850
2, 749,379
3, 541, 962
4,438,813
$4, 545,135
3, 656,980
3,475,660
8,892,925
3,180,845
4,070, 575
$8, 343. 85 $44, 661,385. 85
6,478. 55
47, 736, 708. 05
5, 478. 56 45, 724,057. 56
10,002. 06
52, 957,425. 06
5.871. 00
42,807,400. 50
7,712.50
43, 654, 080. 50
45,023,201.00
33,361,041.00
38,826, 636. 00
37,074,128. 00
41, 592, 033. 00
40,174,996. 00
6, 602, 343
4, 930, 815
6, 60S, 982
6,341,884
6, 032,187
6, 059, 619
470,466, 290. 00
51,836, 626
4, 340, 295
4, 277, 260
3,485,455
3, 479,880
3, 474,105
3, 216,935
50,096, 050
13,886.18
3,251.00
3, 793.90
3,320.40
4, 719.16
4,903. 50
77, 760. 66
55, 979, 725.18
42, 572, 367. 00
48, 924,866. 90
46,899, 212. 40
51,103, 044.16
49,456,453. 50
572,476, 726. 66
283
REPOET OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 38.—Amount of currency received by the National Bank Redemption
Agency for redemption in year ended June 30, 1934, from principal cities
Boston
$27,945,706.50 Kansas City
$7,916,250.00
New York
133,612,700.00 Dallas
9,734,300.00
Philadelphia
53,410,444.00 San Francisco
27,987,500.00
Cleveland
21,470,500.00 Cincinnati
9,185,300.00
Richmond
19,530,600.00 Baltimore
6,805,234.00
Atlanta
18,174,450.00 New Orleans
6,757,704.00
Chicago
49,865,477.00 Other places
145,897,579.16
St. Louis
22,792,564.50
Minneapolis
11,419,000.00
Total
572,505,309.16
NOTE.—The difference of $28,582.50 between the totals shown by this table and table no. 34, represents
the net adjustments for overs, shorts, and spurious 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, exclusive of deductions for shortages and spurious issues, is
$20,769,293,260.84.
TABLE N O . 39.—Cost of redemption of national-bank notes during the year ended
June 80, 1934
Amount of expenses
Office Treasurer Office CompUnited States troller of Cur(N.B.R.A.)
rency
Redeemed out of 5-percent fund, unfit for use:
Salaries
Printing, binding, and stationery
Contingent expenses
Insurance
Postage
_ _
Total....
Redeemed on retirement account:
Salaries.. .
... .
Printing, binding, and stationery
Contingent expenses
. . .
Insurance
Postage
-. .
.-- . --. .
Total
Aggregate.
$170,359. 23
11,434.15
2,862. 74
10, 575.87
6,071.10
$34, 786. 88
1, 333. 70
709. 61
10,616.13
109,147. 22
$205,146.11
12, 767. 85
3, 572. 35
21,192. 00
115, 218. 32
201, 303. 09
156, 593. 54
357,896. 63
46,139. 51
3,096. 78
775.34
2, 864. 33
1, 644. 27
9, 421. 56
361. 22
192.19
55, 561.07
3,458. 00
967. 53
2,864. 33
1, 644. 27
54, 520. 23
9,974. 97
64,495. 20
255,823. 32
166, 568. 51
422,391. 83
Amount
redeemed
Reedemed out of 5-percent fund, unfit for use
Redeemed on retirement account.
Total
Total
Rate per
$1,000
Amount of
expenses
$368, 297, 380.00
99, 748,405. 00
$0.97175991
. 64657879
$357, 896. 63
64,495. 20
468,045, 785. 00
. 90245836
422, 391. 83
TABLE N O . 40.—Classification of Federal Reserve currency redemptions, the amount
redeemed, number of notes, cost of redemption per 1,000 notes, and amount assessed
upon Federal Reserve banks, year ended June 30, 1934
Amount
Federal Reserve notes:
Received from various sources, whole notes:
Salaries
Printing, binding, and stationery
Contingent expenses
$1,813.13
16.73
30.47
Total
1,860. 33
Received direct from Federal Reserve banks and branches, canceled and cut:
Salaries
Printing, binding, and stationery
Contingent expenses
Total.
-_
--_
-_
32, 927. 26
77.43
607. 50
33, 612.19
284
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 40.—Classification of Federal Reserve currency redemptions, the amount
redeemed, number of notes, cost of redemption per 1,000 notes, and amount assessed
upon Federal Reserve banks, year ended June 30, 1934-—Continued
Amoun t
Federal Reserve bank notes, new series:
Received from various sources:
Salaries
Printing, binding, and stationery
Contingent expenses
Insurance-- _
- .
Postage
$3, 762.11
34.72
63.22
1, 377. 49
674. 33
__.
Total
5, 911.87
41,384. 39
Aggregate.-
Amount in
dollars
Federal Reserve notes:
Received from various sources, whole notes __
Received direct from Federal Reserve banks
and branches, canceled and cut
Federal Reserve bank notes, new series:
Received from various sources
Total
_
Number of
notes
Rate per
1.000 notes
Assessment
$50,218,795
3, 294,890
$0. 56460961
$1,860.33
989,356, 700
106, 748, 307
.31487328
33,612.19
50, 426, 500
6,836, 662
.86473047
5,911.87
1,090,001,995
116,879,859
. 35407632
41,384.39
TABLE NO. 41.—Taxes assessed on national-bank circulation, years ended June 30,
1864-1934; cost of redemption, 1874-1934; and assessments for cost of plates, etc.,
1883-1934
[For yearly figures 1883-1911 see report for 1931, p . 227]
Semiannual
d u t y on
circulation
Year
1864-1882
1874-1882
1883-1911
1912
1913
1914
Assessment for
Assesscost of
ment for
plates,
adding
addisignatures
tional
to plates,
or duplietc.i
cate
Assessment for
cost of
plates,
new
banks *
Assessment for
cost of
plates,
extended
banks
$821,116
22, 740
28, 560
11, 560
$473, 295
28,190
19,805
8,500
$4,130
6,975
6,300
16,660
13,855
11,175
7, 418,626. 51
10,085
9,200
16,770
15,600
31,850
31,070
18,244
23,464
18, 756
12,682
22, 948
22, 618
20,890
15,792
3,930
2,286
3,174
6,762
11, 270
15, 364
9,700
6,000
11,120
15,340
28, 990
82,160
52, 780
5,850
3,556
4,456
3,420
6,460
9,100
7,590
20, 770
12, 670
17, 226
25, 262
31, 388
4,404
30, 564
37,924
21,728
4, 218,322. 99
3,975.451.70
4,106,671. 26
4,194,015.04
4, 762, 569. 26
5, 047,636.02
4, 624, 372.87
4,600,351.85
4, 646,161. 22
4,143, 742.88
3,827,105.81
3, 782, 525. 39
3, 743,168. 34
1, 213, 385
763, 597
$52,253, 518.24
$1,971, 587.10
62, 595,336. 73
5, 269, 078.81
3,690,313.53
505, 735. 21
517,842. 93
3,804,762.29
529,013.36
3,889,733.17
/ 2 3,901, 541.18
498, 328. 60
\ 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
594,168. 70
3,941,461.17
514,598.55
4,030,336. 30
527, 979. 90
4,063,708. 32
459, 790. 43
3,661,819.45
494, 470. 91
3, 277, 512.90
467, 411. 42
3,253,461. 97
465, 080.16
3,234,240. 29
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929_
Cost of reredemption of
notes by the
United States
Treasurer
_.__
1930
1931
1932
1933
1934
3,441,152. 95
3,248,327.85
3, 242,977. 92
3,175,189. 24
3, 415,840. 63
4,518,904.84
Total-.
201, 693, 252. 06
/
461, 375. 92 I
642, 676. 54
445, 683. 09
424, 431. 75
424, 963. 21
422,391. 83
19, 537, 333. 33
17, 914
12
96
36
275,144
Total
$52, 253, 518. 24
1, 971, 587.10
69,158,820. 54
4,251,108.74
4, 377, 945.22
4, 445,106.53
$493.00
841. 00
773. 00
591. 00
1, 610. 00
1,110.00
1, 229. 89
/ 1,322.30
1
54.00 J
8, 280. 00
11,079.00
11,028.00
11,181. 00
11, 256. 00
60,848.19
3,941,541.17
3,901,570.39
3, 702, 914.01
3, 617.422. 99
3, 863,350. 84
4, 967, 952. 67
223,543,559.58
1
Beginning in the latter part of 1929 amounts in this column concern logotypes incident to reduced size
notes, series of 1929.
2 Tax collected on additional circulation under act M a y 30, 1908.
NOTE.—Average cost per $1,000 for national-bank notes redeemed in 1925, $0.83; in 1926, $0.94; in 1927,
1932, $1.08; in 1933, $1.14; and in 1934, $0-90.
Digitized for$0.93;
FRASER
in 1928, $0.86; in 1929, $0.95; in 1930, $0.88; in 1931, $0.91; in
REPORT OF THE COMPTROLLER OP THE CURRENCY
285
TABLE NO. 42.—Federal Reserve notes outstanding according to weekly statements
(amount issued by Federal Reserve agents to Federal Reserve banks less notes
redeemed), and collateral security therefor, from Nov. 1, 1933, to Oct. 31, 1934
[In thousands of dollars]
Collateral security
Date
Nov. 1
Nov. 8
Nov. 15
Nov. 22
Nov. 29
Dec. 6
Dec. 13
Dec. 20
Dec. 27
___.
Federal Eeserve notes
outstanding
Gold*
Eligible
paper
United
Excess
States
collateral
Government
securities
3,230,352
3.239, 532
3.240, 601
3,235,008
3, 264, 891
3,301,981
3, 314,462
3, 369,109
3, 363,184
2, 638, 561
2, 637,126
2, 630, 254
2, 627, 779
2, 618, 254
2,611,864
2, 617,934
2, 599, 989
2, 595,043
74,491
71,089
78,405
84, 610
96, 276
131,210
188,900
184,456
177,422
572, 000
580, 000
562, 600
573, 600
597, 600
616,000
585,000
644,000
639,000
54, 700
48,683
30, 658
50,981
47, 239
57,093
77, 372
59, 336
48, 281
3,344,122
3,291,053
3, 228,043
3, 202,007
3,180,943
3, 200,844
3,204,150
3, 223,491
3, 224, 644
3, 250,040
3, 244,280
3, 249,829
3,250, 398
3, 310,969
3, 304,860
3, 309, 708
3, 310, 532
3, 323, 359
3,345,138
3,337, 686
3, 332, 511
3,330,083
3,359,601
3,351, 519
3,348, 703
3, 338,310
3,376,193
3,392,326
3,387, 639
3,376,082
3, 376,162
3, 388, 544
3, 389,813
3,393,650
3, 392,499
3,416,357
3,436, 603
3,435, 055
3,427, 582
3,448, 330
3,471, 589
3,474, 757
3,459,191
3,443, 685
2, 618,124
2, 599,895
2, 567, 317
2, 541,818
2, 516,317
2, 541,818
2, 573, 318
2, 663,318
2, 765,318
2,840, 618
2,897,118
2,884,152
2,875, 218
2,924,345
3,042,896
3,003,471
2,989, 271
2, 983, 271
3.013, 771
3,021, 771
3.014, 771
3,004, 771
2, 999, 771
3, 076, 771
3,102, 871
3,073, 656
3, 093,656
3,115,156
3,113, 656
3,118, 656
3,098,156
3,134,156
3,125, 656
3,131, 656
3,130,656
3,145,156
3,189, 656
3,187, 416
3,175,916
3,177, 416
3,194, 416
3, 214,416
3, 214,416
3, 224,416
185,060
176,081
174,952
165, 201
158,736
137,328
122, 358
110,000
95,149
75,426
63,030
56,471
54,148
47,068
34,418
29, 332
25, 296
22,151
18,875
16,440
17,009
18,871
15, 271
15, 672
16, 245
15, 725
18, 071
11, 626
12, 457
11,026
10,831
10, 263
10, 250
9,623
10, 685
13,120
12,852
11, 788
10, 662
9,414
8,190
8,449
7,961
9,238
601,100
564, 500
563,100
558,800
570,100
561,100
548,100
496,100
412, 800
376,000
326,400
346, 700
351,700
376,000
275,400
313,400
331,400
355,400
349, 300
341, 300
352,300
364, 300
375, 300
302, 700
267, 000
292,000
305,000
302, 000
309, 000
293, 000
297,400
281,500
294, 500
289, 500
296, 000
296,000
278,400
292, 300
298,800
304,800
292, 400
294,400
294, 800
277, 800
60,162
49,423
77, 326
63,812
64,210
39, 402
39,626
45,927
48,623
42,004
42, 268
37.494
30,668
36, 444
47,854
36.495
35,435
37,463
36,808
41,825
51, 569
57,859
30, 741
43, 624
37, 413
43,071
40, 534
36, 456
47,474
46, 600
30, 225
37,375
40, 593
37,129
44,842
37,919
44, 305
56, 449
57, 796
43, 300
23,417
42, 508
57, 986
67, 769
1934
Jan. 3
Jan.10
Jan. 17
Jan. 24
Jan. 31
Feb.7
Feb. 14
Feb. 21.._
Feb. 28
Mar. 7
Mar. 14
Mar. 21
Mar. 28
Apr. 4
Apr. 11
Apr. 18
Apr. 25
May 2
May 9
M a y 16
M a y 23
M a y 30
June 6
June 13
June 20
June 27
July 3
July 11
July 18
July 25
Aug. 1
Aug. 8
Aug. 15
Aug. 22
Aug. 29
Sept. 5
Sept. 12
Sept. 19
Sept. 26
Oct. 3
Oct. 10
Oct. 17
Oct. 24
Oct. 31
* Beginning Jan. 31,1934, represents gold certificates on hand and due from United States Treasury.
TABLE N O . 43.—Federal Reserve notes, segregated by series, printed, shipped and canceled, issued to banks, retired, and destroyed since
organization of the banks, with the balance in vaults and amount outstanding Oct. 81, 1934
oo
VAULT BALANCE OCT. 31, 1934, 1914-18 SERIES
Fives
Tens
Twenties
Fifties
Total printed. _.
$5,370,100,000 $5,978,520,000 $6,092, 240,000 $1,283,800,000
Total shipped and canceled - 5,370,100,000 5,978,520,000 6,092, 240,000 1,283,800,000
One hundreds Five hundreds
$884,400,000
884,400,000
$173,000,000
173,000,000
One
thousands
Five
thousands
Ten
thousands
Total
$333,600,000 $108,000,000 $184,000,000 $20,407,660,000
333,600,000 108,000,000 184,000,000 20,407,660,000
VAULT BALANCE OCT. 31, 1934, 1928-34 SERIES
1-3
Total printed
$2, 325,060, 000 $3, 377,160,000 $3, 252, 720,000 $1,368,200,000 $1, 739,600,000
924,200,000 1,242,800,000
Total shipped and canceled - 1, 833, 580, 000 2,887,440,000 2, 606,880,000
Total on hand
491, 480, 000
489, 720,000
645, 840,000
444,000,000
496,800,000
COMBINED VAULT BALANCE OCT.
w
$951,260,000 $1,160,996,000 $81,840,000 $110,880,000
514, 26d, 000
724,196,000 39,120,000 45, 720,000
437,000, 000
436,800,000
42, 720,000
65,160,000
$14,367, 716,000
3, 549,520,000
10,818,196,000
OH
O
s
31, 1934, BOTH SERIES
Total printed
$7, 695,160, 000 $9,355,680,000 $9,344,960,000 $2, 652,000,000 $2, 624,000,000 $1,124, 260,000 $1,494, 596,000 $189,840,000 $294,880,000 $34, 775,376,000
687,260,000 1,057, 796,000 147,120,000 229, 720,000 31,225,856,000
Total shipped and canceled- 7, 203, 680,000 8,865,960,000 8,699,120,000 2,208,000,000 2,127, 200,000
491,480,000
Total on hand
489, 720,000
645,840,000
496,800,000
437,000,000
436,800,000 42,720,000 65,160,000 3,549,520,000
444,000,000
ISSUED, R E T I R E D , AND OUTSTANDING OCT. 31, 1934, 1914-18 SERIES
Total issued
Total retired
$6,148,375, 250 $6,990,812,040 $7,192, 258,040 $1,486,660,050 $1, 111, 562,800
6,132, 545,850 6,970,507,380 7,160, 561, 780 1,473,071,950 1,096,537,900
Total outstanding
15,829,400
20,304,660
31,696,260
13,588,100
15,024,900
$184,528,500
181,532,500
$424,150,000
415,476,000
2,996,000
8,674,000
$73,340,000 $127, 260,000 $23, 738,946,680
73,205,000 126,900,000 23,630,338,360
135,000
360,000
108,608,320
ISSUED, R E T I R E D , AND OUTSTANDING OCT. 31, 1934, 1928 SERIES
Total issued
Total retired
$2,478,334,370 $4, 339,945,120 $3,840,445,840 $1,170,555,850 $1,656,538,300
2,143,012,880 3, 458,915,560 2,869,267,560
888,872,000 1,148,468,100
Total outstanding
335, 321,490
881,029, 560
971,178, 280
281, 683, 850
508,070, 200
$521,894,000
407,808,000
$831,691,000
606, 287,000
$46,565,000
39,860,000
114,086,000
225,404,000
6, 705,000
$78,670,000 $14,964,639,480
67,070,000 11,629,561,100
11, 600, 000
3,335,078,380
o
COMBINED ISSUED, RETIRED, AND OUTSTANDING OCT. 31, 1934, BOTH SERIES
Total issued
Total retired
Total outstanding
$8, 626, 709,620 $11,330,757,160 $11,032,703,880 $2,657,215,900
8, 275,558,730 10,429,422,940 10,029,829,340 2, 361,943,950
351,150,890
901,334,220
1,002,974,540
295, 271,950
$2,768,101,100 $706,422, 500 $1,255,841,000 $119,905,000 $205,930,000 $38,703, 586,160
2, 245,006,000 589.340,500 1,021. 763,000 113,065,000 193,970, 000 35,259,899,460
523,095,100
117,082,000
234,078,000
6,840,000
11,960, 000
3,443,686,700
M U T I L A T E D F E D E R A L R E S E R V E NOTES, BY DENOMINATIONS, R E C E I V E D A N D D E S T R O Y E D SINCE ORGANIZATION OF BANKS AND ON HAND
IN VAULTS OCT. 31, 1934. 1914-18 SERIES
Boston...
New York
Philadelphia
Cleveland
Richmond
Atlanta
_
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
__
_.
Total received
Total destroyed
$451,072,955
1,484,615, 240
518, 033,450
365,090,420
229,127,440
271,051,370
821,929,425
207,948,080
145,739,935
218,816,305
142, 243, 790
457,862 190
$695,821,320 $513, 259,980
1,761,718,590 1,169,018,080
599, 576,580
564,780,470
766,926,340
437,157,400
337,204,100
274,411,410
316,174, 540
311,932,190
930, 563,360
845,031,940
213, 557,000
214, 272,730
130,408,880
142,866,580
181,956,960
163,761,770
136,465, 700
129,407,910
711,592,220
412,933,030
$52,133,150
259,893,450
184, 418,950
297,270,200
82,427,400
42,695,050
197,746,000
28,195,950
7,854,900
18,385,650
10, 659,650
67,131, 550
5,313, 530, 600 5,954,095,340 6,006, 703, 740 1, 248,811,900
5, 313, 530, 600 5,954,095,340 6, 006, 703,740 1,248.811,900
$71,774,600
303,744,400
62, 684, 600
65, 656,800
41,137,200
46,482, 200
86,737, 500
18,313,100
11,646, 500
25,022, 200
12,133,100
104,442,900
$6,685,000
61,904,000
3,343, 500
7,592,500
1,995,500
12,956,000
14,697, 500
3,309,500
1,947,500
3,476,000
2,147, 500
9,948, 500
849,775,100
849,775,100
130, 003, 000
130, 003, 000
$20,456,000 $3,985,000
122,957,000
7,985,000
13, 295,000
8,553,000
1,980,000
8,291,000
2,000,000
40,169,000
18, 248,000
3,930,000
4,153,000
2,000,000
2, 669,000
4,211,000
4, 316, 000
21, 209,000 13,985,000
$8,010,000
15,910,000
268, 527,000
268, 527, 000
55, 640, 000 19,862,951,680
55, 640, 000 19,862,951,680
35,865, 000
35,865,000
s
$1,823,198,005
5,187,745,760
1,946,132,550
3,970,000 1,954,196,660
4,000,000
980,594,050
1,041,460,350
2,918,883,725
4, 000, 000
695,749,360
443,133,295
615, 629,8S5
437,373, 650
19,750,000
1,818,854,390
MUTILATED FEDERAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED SINCE ORGANIZATION OF BANKS AND ON
HAND IN VAULT OCT. 31, 1934, 1928 SERIES
Boston
New York . .
Philadelphia.
Cleveland..
Richinond
._
Atlanta
Chicago
St. Louis . .
_. ..
Minneapolis
Kansas City
Dallas
San Francisco
Total received
Total destroyed
Balance on hand
$103, 415, 655
275,146, 695
145,132,860
103, 630, 605
57, 044, 565
80, 336, 610
166,227,310
96, 771, 870
28,152,115
38, 733, 790
21, 749, 295
107, 798, 460
$240, 371,880
440,199, 760
185,853, 040
155,940,660
98, 498, 450
73,836,080
241, 455, 300
80, 258, 240
36, 350,960
53, 041, 300
31, 617, 910
82, 273, 080
$92, 684,980
195,320,160
110,877,580
142, 242,840
82, 568,800
45, 059, 760
133, 296, 200
45, 690,860
23, 469, 500
44, 436, 000
24, 888, 960
90, 415, 520
$8,178,150
28. 521,850
37, 536,100
20, 556, 700
13, 521,300
7, 601, 850
31, 378, 250
3, 223, 950
1, 097, 800
2,808, 750
1, 235, 400
5, 688, 250
$10, 501,800
26,856, 200
10, 882, 300
5, 233, 600
8, 527, 000
9, 343,800
12,119, 200
3, 806, 600
1, 918, 800
4, 021, 600
2, 290, 300
9, 416, 600
$814, 000
6, 331,000
850, 500
2, 534, 000
342, 500
3, 663, 500
1, 322, 500
227, 000
289, 000
1, 572, 500
291, 000
403, 500
1,224,139,830
1, 220,440, 330
1, 719, 896, 660
1, 713,968,410
1,030,951,160
1, 027, 678,860
161, 348, 350
160, 988, 700
104, 917,800
104, 658, 500
3, 699, 500
5, 728, 250
3, 272, 300
359, 650
259, 300
798, 000
380, 000
498, 000
0(35, 000
268, 000
434,000
561, 000
317, 000
378, 000
2,491,000
364, 000
699, 000
$40, 000
50, 000
$40,000
270,000
75, 000
70,000
35, 000
45,000
190,000
180, 000
70, 000
5,000
20, 000
10, 000
18, 641, 000
18, 574, 000
38, 253, 000
38, 055, 000
390, 000
390, 000
710, 000
710,000
67,000
198,000
$1,
9,
1,
4,
6,
5,
5,
$457,844,465
982, 075, 665
492,630,380
434,468, 405
267,020, 615
22,5, 310, 600
591, 404, 760
230, 295, 520
91, 656,175
147,194, 940
82,451,865
296, 694, 410
4, 299,047,800
4, 285, 463,800
13, 584, 000
2
9
to
00
TABLE N O . 43.—Federal Reserve notes, segregated by series, printed, shipped and canceled, issued to banks, retired, and destroyed since
organization of the banks, with the balance in vaults and amount outstanding Oct. 31, 1934—Continued
to
oo
oo
COMBINED MUTILATED FEDEEAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED SINCE ORGANIZATION OF BANKS
AND ON HAND IN VAULT OCT. 31, 1934, BOTH SERIES
Fives
Total received..
Total destroyed
_
Tens
Twenties
One hundreds Five hundreds
Fifties
$6, 537, 670, 430 $7, 673, 792, 000 $7, 037, 654,900 $1,410,160,250
6, 533,970,930 7, 668, 063, 750 7,034, 382,600 1,409, 800,600
Balance on hand.
3. 699, 500
5.728, 250
3, 272, 300
One
thousands
Five
thousands
Ten
thousands
$36, 255, 000
36, 255, 000
$56, 350, 000 $24,161,999,480
56, 350, 000 24,148, 415,480
$954, 692,900
954, 433, 600
$148, 644, 000
148, 577, 000
$306, 780,000
306, 582, 000
259,300
67,000
198, 000
359,650
Total
TABLE N O . 44.—Aggregate amount of Federal Reserve bank notes, old series, printed, issued, canceled, and redeemed, by denominations, since
the inauguration of the Federal Reserve System, and amount outstanding, Oct. 31, 1934
VAULT BALANCE, OCT. 31, 1934
Total printed
Total issued and canceled
$478,892,000
478,892,000
Twos
$135,192,000
135,192,000
Fives
$121,460,000
121, 460,000
__ ._
o
o
o
Tens
$16,440,000
16,440,000
Twenties
$9,760,000
9,760,000
Fifties
$200,000
200,000
Total
tr1
$761,944,000
761,944,000
w
ISSUED, R E D E E M E D , AND OUTSTANDING, OCT. 31, 1934
Total issued.
Total redeemed
Total outstanding
o
13, 584,000
NOTE.—During the fiscal year Nov. 1, 1933, to Oct. 31, 1934, badly mutilated, burned, and fractional parts of Federal Reserve notes amounting to $35,364—new series, $33,014
old series, $320; Federal Reserve bank notes, 1929 series, $2,030; have been identified, valued, and the bank issue determined.
Ones
s
O
$478,892,000
477, 269, 518
$135,192,000
134, 784, 759
$121,460,000
121,193,045
$16,440,000
16,377, 335
$9, 760,000
9,696, 230
$200,000
190, 350
$761,944,000
759, 511,237
1, 622,482
407,241
266,955
62,665
63, 770
9,650
2,432,763
TABLE N O . 44—A.—Aggregate amount of Federal Reserve bank notes, series 1929, printed, shipped, and on hand; issued, retired, and outstanding;
received for destruction by denominations, during period Mar. 9, 1933, to Oct. 31, 1934) under the terms of sec. 18, Federal Reserve Act, as
amended Mar. 9, 1933
VAULT BALANCE OCT. 31, 1934
Fives
Total printed_
Total shipped
..
.
.
_
Total on hand-
_-_ _._
Tens
Fifties
Twenties
One hundreds
Total
$126,300,000
72,860,000
$216, 720,000
118, 720,000
$269, 280,000
143, 920,000
$138, 600,000
61, 400, 000
$160,800,000
64, 000,000
$911,700,000
460,900,000
53,440,000
98,000,000
125, 360,000
77, 200,000
93,800, 000
450,800,000
O
ISSUED, R E T I R E D , AND OUTSTANDING, OCT. 31, 1934
Total issued
Total retired
Total outstanding
$64,985,000
48, 691,500
$79,917,000
42, 553,150
$87, 382,000
41,280,200
$19,415,000
10,976,950
$33, 200,000
15,905, 300
$284,899,000
159,407,100
16, 293,500
37, 363,850
46,101,800
8, 438, 050
17, 294, 700
125,491,900
MUTILATED FEDERAL RESERVE BANK NOTES, B Y D E N O M I N A T I O N S , R E C E I V E D A N D D E S T R O Y E D S I N C E O R G A N I Z A T I O N O F BANKS, AND
ON H A N D I N V A U L T O C T . 31, 1934
o
o
I
o
BANK
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
_.
_.
_.
___
_
_ _ _ _ _ _
_ __
Total received
Total destroyed
Balance on hand -._
__
1,711,400
7,483,050
935,300
1,091,050
1,228,600
1, 413,200
1,043,900
$1,258,150
5,967, 950
2, 083,250
2,380, 800
605,200
1,595,000
2,495,300
3,790,950
250, 600
2,041,300
1,196,150
746,500
$2, 871,000
5,732,100
1,012, 800
1, 260,700
1,334,400
705,400
1, 442,300
39,400
277,600
610,300
1,177, 200
723,000
33,762,750
33,486,950
24,411,150
23,994, 650
17,186, 200
16, 868, 800
275,800
416, 500
317,400
$5, 064, 750
2,884,400
6, 223,700
4, 683,400
$1,015, 300
$621,100
112,800
62,500
186,400
$9,193,900
16,220,850
9,319,750
8,500,200
1,939,600
4,011,800
11, 607,050
4,765, 650
1,619,250
3,880,200
3,887,200
2, 513,400
35,850
64,800
1,163,950
1,138,850
934, 800
912,300
77,458, 850
76,401, 550
25,100
22, 500
1,057,300
w
i
to
00
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 81, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 81, 1934, circulation outstanding, borrowed money, and total deposits at date of failure
Organization
Name and location of bank
Farmers & Drovers National Bank, Waynesburg,
Pa
First National Bank, Sutton, W. Va.»
American National Bank, Billings, Mont
Citizens National Bank, Laurel, Mont
Commercial National Bank, Wilmington, N. C—
Merchants National Bank, Mandan, N. Dak. 9
First National Bank, Webster, S. Dak
Sioux Falls National Bank, Sioux Falls, S.
Dak.9_
First National Bank, Brookings, S. Dak. 9
First National Bank, Huron, S. Dak
First National Bank of Fergus County, Lewistown, Mont
Drovers National Bank, East St. Louis, 111
City National Bank of Huron, Huron,
S. D a k . i . .
First National Bank, Ozark, Ala.9
First National Bank, Townsend, Mont. 9
National Bank of Commerce, Pierre, S. Dak
First National Bank, Matoaka, W. Va.»_
__
Georgia National Bank, Athens, Ga
Burgettstown National Bank, Burgettstown, Pa_.
First National Bank, Selma, N. C__
First National Bank, Florence, S. C
First National Bank, St. Cloud, Minn
Globe National Bank, Denver, Colo
First National Bank, Warren, Minn. 9
Muskogee
Security National Bank, Muskogee,
Okla.9
_
Gregory National Bank, Gregory, S. Dak
Warren National Bank, Warren, Minn
Broadway National Bank, Denver, Colo
First National Bank, Waukon, Iowa 9
First Nationri Bank, Shenandoah, Iowa
First National Bank, Jonesboro, Ark
__
Charter
no.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
839
6213
11696
8716
12176
10604
6502
2823
3087
2819
Jan.
Apr.
Apr.
May
Apr.
Aug.
Nov.
Nov.
Nov.
May
30,1865
7,1902
5,1920
3,1907
17,1922
24,1914
19,1902
14.1882
15.1883
19,1882
$150,000
35,000
150 000
35,000
200,000
50,000
25,000
50,000
50,000
50,000
$597,750
31, 500
7274
10399
8781
7629
9982
4279
11264
6525
2408
10739
9747
2790
11623
5866
May
Apr.
June
Feb.
Jan.
Feb.
Nov.
Oct.
Jan.
May
Mar.
Sept.
Feb.
May
9,1904
30,1913
3,1907
13.1905
31,1911
13,1890
7,1918
14,1902
25,1879
7,1915
23,1910
25,1882
5,1920
18,1901
12277
9377
11286
12250
4921
2363
Nov.
Mar.
Dec.
Aug.
Apr.
May
Dec.
8,1922
23,1909
28,1918
10,1922
22.1893
5,1877
20,1905
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Dec.
Aug.
Sept.
Jan.
Jan.
Dec.
Jan.
Jan.
Feb.
Mar.
12,1906
29,1914
23.1922
4.1923
31.1923
26.1923
2.1924
24.1924
9.1924
14,1924
$100,000
50,000
5,000
32,500
240,500
270, 500
166,350
$200,000
50,000
150,000
35,000
200,000
50,000
25,000
150,000
100,000
65,000
100,000
200,000
50,000
25,000
50,000
75,000
25.000
100,000
50,000
30,000
100,000
50,000
200,000
25,000
485.000
57,000
44,750
85,737
26,000
139,048
16,250
716,000
444, 500
11,400
167,000
401,000
66,000
81,250
300,000
200,000
50,000
35,000
50,000
100,000
50,000
400,000
100,000
30,000
150,000
250,000
200,000
50,000
Apr.
May
June
Oct.
Jan.
Feb.
Mar.
Apr.
May
May
May
June
Oct.
Oct.
12,1924
22,1924
10,1924
23.1924
8,1925
11.1925
3.1925
17,1925
14,1925
16,1925
22,1925
24,1925
1,1925
10,1925
124, 500
124, 500
39,000
32.400
12, 500
79,500
50.000
200.000
98,400
8,800
124,000
39,000
32,400
12,500
79,500
50,000
200,000
24, 600
24, 600
113,171
100,000
50,000
30,000
200,000
50,000
50,000
100,000
12,000
77,477
6,400
28,000
226,500
417,000
206,000
200,000
50,000
50,000
200,000
100,000
50,000
100,000
Nov.
Nov.
Dec.
Jan.
Jan.
May
June
7,1925
25,1925
5,1925
16,1926
18,1926
13.1926
4,1926
48, 500
25,000
48,500
25,000
263,720
115,266
100,130
93,200
20,000
40,000
93,200
20,000
40,000
104,306
367,006
201,365
7,700
33,900
91,500
25,000
24.700
74,250
98.500
29,000
Total
deposits
at date of
failure
$100,000 $1,126,045
50,000
21,058
94,108
33,900
110,000
91,500
484, 361
25,000
43,912
24,700
47, 595
74,250
583,120
98,500
370,382
29,000
667,305
$1,131,990
365,125
512.069
232,905
2,026,264
334,505
241,585
2,215,436
682,058
1,307,918
805,805
107,368
667,305
157.733
16,076
3,506,398
569,079
1,307,918
175,140
82,590
1,073,294
604,024
1, 418,519
1,724,366
199,987
1,175,814
1,889,085
4,318,064
418,618
8,800
124,000
89,403
998,869
70,000
72,847
318,438
402,890
376,954
2,122,001
290, 520
341,515
2,318,247
739,072
635,983
419,317
to
CO
o
First National Bank, Pepin, Wis
_
First National Bank, Woonsocket, S. Dak
First National Bank, Waubay, S. Dak9
Oakes National Bank, Oakes, N. Dak.
National Farmers Bank, Owatonna, Minn
Farmers & Merchants National Bank, Merced,
Calif
Farmers & Merchants National Bank, Lake City,
s c
10725
5946
6124
6988
4928
10352 Jan.
10681
First Nationaa'Bank",~Mil~bank,~s""DakA-I"—---. 6473
Clarinda National Bank, Clarinda, Iowa
__. 3112
11122
First National Bank, Marked Tree, Ark.«
6312
First National Bank, Leeds, N. Dak
6462
Farmers National Bank, Brookings, S. Dak.9
2247
First National Bank, Malvern, Iowa
11613
First National Bank, Haleyville, Ala
6747
Citizens National Bank, Ortonville, Minn.9
7438
First National Bank, Beardsley, Minn
7914
First National Bank, Edgeley, N. Dak
7161
First National Bank, Clinton, Minn.«
6128
Citizens National Bank, Albert Lea, Minn
1829
First National Bank, Allegan, Mich
Farmers & Merchants National Bank, Mount
Morris, Pa
6954
First National Bank, Rush City, Minn.9
7576
First National Bank, Dunbar, Pa
4309
Provident National Bank, Waco, Tex.1
7132
First National Bank, Columbia City, Ind.
Farmers & Merchants National Bank, Alcester, S.
10818
Dak
2840
First National Bank, Grafton, N. Dak._9
10978
First National Bank, Chowchilla, Calif.9
10207
Peoples National Bank, Waukon, Iowa
First National Bank, East Grand Forks, Minn.._. 4638
First National Bank, Bishop, Calif
_. 10999
4267
Citizens National Bank, Waynesburg, Pa
First National Bank, New Cumberland, W. Va._. 6582
5128
First National Bank, Checotah, Okla._
12863
New Georgia National Bank, Albany, Ga
5500
First National Bank, Minnewaukan, N. Dak
12270
First National Bank, Mullens, W. Va,_
4403
Astoria National Bank, Astoria, Oreg_._
5551
First National Bank, Carrington, N. Dak
6381
First National Bank, Toronto, S. Dak.9
9335
Commercial National Bank, Statesville, N. C
6260
First National Bank, Bristow, Okla._
First National Bank, Arcadia, Ind__ 9
First National Bank, Calexico, Calif. 9
First National Bank, Plainview, Nebr.
9504
Footnotes at end of table, p. 331.
Apr.
Aug.
Jan.
Mar.
May
7,1915
6,1901
31,1902
21,1903
29,1893
25,000
25,000
25,000
25,000
80,000
15,500
98,050
42,500
26,000
199,200
25,000 July 23,1926
do
50,000
25,000 Aug. 20,1926
25,000 Sept. 4,1926
75,000 Sept. 10,1926
15,000
6,250
24, 500
74,550
15,000
6,250
24,500
74, 550
4,1913
100,000
26,000
100,000
Sept. 23,1926
Dec.
Oct.
Dec.
Dec.
June
Aug.
Feb.
Feb.
Apr.
July
Aug.
Feb.
Jan.
May
26,1914
16,1902
26,1883
17,1917
9,1902
29.1902
9,1875
9,1920
18.1903
7,1904
29,1905
13.1904
22,1902
11.1871
100,000
25,000
50,000
25,000
25,000
50,000
50,000
25,000
25,000
25,000
25,000
25,000
50,000
50,000
82,000
118, 797
206,817
14,600
35,000
83,050
272,000
6,000
54, 500
37,000
170,050
70,250
110,000
272,050
100,000
50,000
50,000
50,000
25,000
50,000
50,000
25,000
25.000
25,000
85,000
25,000
50,000
50,000
Oct. 18,1926
N o v . 15,1926
N o v . 29,1926
N o v . 30,1926
Dec. 1,1926
Dec. 3,1926
Dec. 10,1926
Dec. 17,1926
Jan. 4,1927
Jan. 21,1927
Jan. 31,1927
Feb. 10,1927
Feb. 18,1927
do
97,600
38, 500
49,500
48,300
24, 700
49,200
12, 500
97,600
38,500
49,500
48,300
24, 700
49,200
12,500
15,400
24, 997
48, 600
20,000
49,398
46,900
15,400
24,997
48,600
20,000
49,397
46,900
Sept.
Aug.
Jan.
Mar.
Feb.
22,1903
1,1903
20,1905
31,1890
2,1904
25,000
25,000
50,000
300,000
50,000
29,000
64,500
61,000
1,320,000
171, 000
25,000
50,000
50,000
300,000
100, 000
Feb. 21,1927
do
Mar. 7,1927
Mar. 26,1927
Mar. 31,1927
24,500
48,400
48,100
50,000
94, 200
24,500
48,400
48,100
50,000
94,200
Dec.
Nov.
Mar.
May
Sept.
Nov.
Jan.
Dec.
May
Dec.
July
Nov.
Aug.
July
July
Dec.
Apr.
July
Jan.
July
30.1915
14,1882
29,1917
1,1912
7,1891
21.1916
15,1890
9,1902
23,1898
22,1925
9,1900
3,1922
9,1890
6,1900
8,1902
26.1908
29,1902
8,1909
27,1910
27.1909
25,000
50,000
25,000
50,000
50,000
25,000
50,000
40,000
50, 000
300,000
25,000
25,000
50, 000
25,000
25,000
100, 000
25,000
25,000
25,000
40,000
43, 750
296, 500
2,750
50,000
50,000
25,000
125,000
50, 000
50, 000
500,000
50,000
50,000
200,000
25, 000
25, 000
200, 000
50,000
25, 000
100,000
50,000
25,000
300,000
40,000
May
May
May
July
July
Aug.
Aug.
Nov.
Dec.
Jan.
Jan.
Jan.
Feb.
Mar.
Apr.
Apr.
Apr.
July
July
Aug.
138, 000
126, 000
1,565, 000
73,350
234, 600
90,000
84,250
297,354
128,861
71, 290
145,500
202,500
15,000
112, 250
50, 000
17,1927
25,1927
28,1927
19,1927
28,1927
15,1927
17,1927
21.1927
1.1927
4.1928
6,1928
16.1928
24,1928
26,1928
3,1928
19,1928
25,1928
3,1928
24,1928
22,1928
74,596
18,371
27,659
81,099
251,640
195,852
171,508
216,250
1,446,671
229,029
1,128,135
64, 518
103,830
92,225
14,208
86,641
45,415
34,875
61,808
5,300
47,087
37,205
117,049
26,150
28,180
310,068
359,940
366,597
301, 754
93, 312
1,010,834
24,684
49,600
719,644
332,973
599,132
107,658
128,672
976, 522
231,793
100, 507
265,030
252,056
273,196
162,825
887,404
581,948
49,600
123, 200
37,498
123, 200
37,498
25,885
57,521
14,400
50,000
49,300
197,997
24, 745
275,000
50, 000
49, 300
197,997
24, 745
58,558
30,499
526, 738
24, 700
24, 300
98,200
25, 000
25,000
24, 700
24,300
98, 200
25, 000
25, 000
39, 700
39, 700
48,673
240, 564
39, 276
18,950
199, 887
98,484
38,934
1, 226, 485
73, 050
396,354
866 808
219,524
529, 744
481,798
763,199
4,080,072
550,814
233,446
721,845
172,443
185,768
2, 242, 061
325,911
205,349
910, 884
548,130
173,740
10, 741
267, 232
fcO
CO
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Lake County National Bank, Madison, S. Dak.s.
First National Bank, Dublin, Ga.
First National Bank, Aledo, 111
Carolina National Bank, Darlington, S. C
First National Bank, Cheraw, S. C
Farmers National Bank, Wakefield, Nebr.9
Fourth National Bank, Macon, Ga
First National Bank, Richland Center, Wis
First National Bank, Warren, Ind
Cass County National Bank, Casselton, N.9 Dak..
Peoples National Bank, Middletown, Del.
First & Moorhead National Bank, Moorhead,
Minn
First National Bank, Frisco, Tex.9. 9
First National Bank, Kingsbury, Tex.9
First National Bank, Coleridge, Nebr. ._
Exchange National Bank, Spokane, Wash
First Exchange National Bank, Coeur d'Alene,
Idaho
Minneapolis National Bank, Minneapolis, Kans_.
First National Bank, Manchester, Iowa
Citizens National Bank, Hope, Ind.9
First National Bank, Avon Park, Fla
First National Bank, Punta Gorda, Fla
First National Bank, Bixby, Okla..Carlton National Bank, Wauchula, Fla
First National Bank, Rockford, Iowa
National Bank of Larimore, N. Dak
First National Bank, Sandersville, Ga
National Bank of Emmetsburg, Emmetsburg, Iowa.
First National Bank, Sanborn, N. Dak
Peoples National Bank, Adena, Ohio
Reed City National Bank, Reed City, Mich
First National Bank, Ruthven, Iowa
First National Bank, Sebring, Fla
Charter
no.
Date
Capital
10636
6374
7145
9999
9342
9984
8365
7901
7930
7142
3019
Oct.
May
Jan.
Apr.
Feb.
Mar.
Aug.
Aug.
May
Jan.
June
2,1914
3,1902
24,1904
14,1911
4,1909
24,1911
2,1906
7,1905
10,1905
11,1904
2,1883
$75, 000
50,000
25,000
50,000
25,000
40,000
250,000
30,000
25,000
25,000
80,000
2569
6346
10266
9796
4044
Aug. 13,1881
July 2,1902
Aug. 15,1912
May 18,1910
May 4,1889
50,000
25,000
25,000
40,000
100,000
7120
3731
4221
5726
10826
10512
10467
10691
3053
6286
7934
13059
8448
6016
12474
5541
12090
Jan.
June
Jan.
Feb.
Feb.
Apr.
Dec.
Jan.
July
May
Aug.
Apr.
Oct.
Aug.
Dec.
July
Dec.
100,000
60,000
50,000
25, 000
25,000
25,000
25,000
50,000
50,000
25, 000
42, 000
60, 000
25, 000
25,000
25,000
25,000
50,000
14.1904
14,1887
17,1890
7,1901
10,1916
6.1914
1,1913
7.1915
18,1883
26,1902
15.1905
5,1927
12.1906
8,1901
8,1923
7,1900
27,1921
Total
dividends
paid during existence as a
national
banking
association .
$114,000
461,000
76,300
98, 500
54, 500
75,000
701,000
87,300
24,000
85, 250
208,400
Failures
Capital
$75,000
200,000
50,000
100,000
50,000
50,000
500, 000
50,000
25,000
25,000
80,000
Receiver
appointed
Aug. 29,1928
Sept. 24,1928
Sept. 27,1928
Nov. 2,1928
Nov. 14,1928
Nov. 21,1928
Nov. 26,1928
do
$65,000
100,000
40,000
85, 500
50,000
50,000
$65,000
100,000
40,000
85, 500
50,000
50,000
49,300
24, 995
25,000
50, 500
49, 300
24, 995
25,000
50,500
24,1928
31,1928
10,1929
12,1929
18,1929
109, 995
24,550
6,250
39, 350
880,800
19,1929
9,1929
13,1929
15,1929
18,1929
do
Feb. 20,1929
Feb. 21,1929
Feb. 23,1929
Mar. 5,1929
Mar. 14,1929
Mar. 15,1929
Apr. 10,1929
Apr. 13,1929
May
2,1929
Dec. 7,1928
Dec. 10,1928
Dec. 14,1928
150,000
172, 500
25,000
31, 250
25,000
26,500
40,000
64,600
2, 720,000 1,000,000
Dec.
Dec.
Jan.
Jan.
Jan.
100,000
60,000
50,000
30,000
100,000
50,000
25,000
50,000
50,000
25,000
50, 000
60,000
25,000
50,000
25,000
25,000
100,000
Jan.
Feb.
Feb.
Feb.
Feb.
71,000
231,600
146,000
123,000
104,000
49, 375
22, 500
39,000
172,500
48, 500
154,880
65,000
6,000
62,125
33, 500
CirculaLawful tion outmoney standing
deposited at date
of failure
May
do
4,1929
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
$638,851
101,990
118, 728
34, 363
44, 545
1, 673,000
25, 780
6,198
54,884
174,130
$465, 247
893, 686
457, 596
600, 598
253,116
461,419
7, 690, 486
804, 491
185,804
269, 217
425, 318
109,995
24,550
6,250
39, 350
170,002
6,562
13,942
78,140
1, 239, 500
1, 896, 450
60,490
38, 205
150, 689
7, 500, 236
100,000
60,000
39, 448
29,450
16, 250
22,000
6,050
100,000
60,000
39, 448
29, 450
16, 250
22,000
6,050
68,000
60,000
24,000
115,800
12, 500
21, 500
25, 000
12, 500
21, 500
25,000
25,000
25,000
25, 000
25,000
7,000
7,000
61,818
38,492
199, 616
18,422
105, 673
23,047
25, 508
61, 651
1, 018, 391
525,118
558, 579
313,914
345, 432
455, 591
181, 685
411, 262
154, 787
163, 618
231, 649
701,118
60, 358
498, 265
212,659
194,631
390,452
to
to
CO
First National Bank, Lakeland, Fla
First National Bank, Auburndale, Fla
First National Bank, Shinnston, W. Va..
First National Bank, Aneta, N. Dak
First National Bank in Langdon, N. Dak
First National Bank, Mayville, N. Dak_.
Polk County National Bank in Bartow, Fla
East Alabama National Bank, Eufaula, Ala
National Bank of Newberry, Newberry, S. C
South Pasadena National Bank, South Pasadena,
Calif.*
First National Bank, McHenry, N. Dak.»
_
First National Bank, De Land, Fla._
First National Bank, Sanford, Fla
.First National Bank, St. Augustine, Fla
_
Miners National Bank, Blossburg, Pa
First National Bank, Maquon, 111
...
First National Bank, Montezuma, Iowa
First National Bank, Eldorado Springs, Mo
First National Bank, Delta, Colo.—
First National Bank, Taylorville, 111
First National Bank, New Bern, N. C
First National Bank, Clarksville, Ark.»...
First National Bank, Tower City, N. Dak
First National Bank, Grundy, Va
__.
Carolina National Bank, Spartanburg, S. C
First National Bank, Greeley, Nebr___
First National Bank in Mount Sterling, 111
First National Bank, Samson, Ala
First National Bank, Seward, Pa
First National Bank, Florala, Ala
_
First National Bank, Bishopville, S. C
First National Bank, Burlington Junction, Mo.»..
Dothan National Bank, Dothan, Ala.
First National Bank, Humphrey, Nebr
Texas National Bank, Fort Worth, Tex_
_
First National Bank, Northwood, N. Dak
_
First National Bank of Royse, Royse City, Tex.»._
First National Bank, Ennis, Tex
First National Bank, Roy, Mont_._
First National Bank, Brantley, Ala._
._
First National Bank, Gaffney, S. C
First National Bank, Ambrose, N. Dak.._
American National Bank, Kewanna, Ind
First National Bank, Tranquillity,
Calif
First National Bank, Milford, 111.9
First National Bank, Tallassee, Ala__
First National Bank, Edmore, N. Dak
Commercial National Bank, Chatsworth, HI...
Citizens National Bank, Streeter, N. Dak.
Footnotes at end of table, p. 331.
9811
12983
9453
11311
13053
3673
13309
3622
1844
12852
June
Aug.
June
Feb.
Mar.
Apr.
Apr.
Dec.
May
Nov.
9,1910
17,1926
14,1909
18.1919
9,1927
4,1887
1,1929
23.1886
6,1871
17,1925
50,000
50,000
45,000
25,000
50,000
50,000
200,000
59,000
50,000
100,000
206,000
3,000
123, 750
8124
9657
3798
3462
5007
8482
2961
10055
5467
3579
13298
9633
6557
11698
12146
7622
13213
8028
11899
8910
10263
6242
5909
5337
12371
5980
6551
12110
10991
7991
5064
9386
10616
11433
5149
10766
6601
5519
11166
Feb.
Jan.
Apr.
Feb.
June
Nov.
May
June
May
Oct.
Mar.
Nov.
Dec.
Apr.
Jan.
Feb.
May
Dec.
Dec.
Sept.
Aug.
Apr.
July
Apr.
May
Aug.
Nov.
Jan.
Apr.
Nov.
Mar.
Nov.
Apr.
July
Oct.
July
Jan.
July
Mar.
1.1906
5,1910
19.1887
16,1886
6,1895
10,1906
21,1883
30.1911
22,1900
9,1886
18,1929
27,1909
9,1923
19.1920
16,1922
3,1905
12,1928
22,1906
21,1920
4.1907
28.1912
18,1902
6,1901
16.1900
3,1923
28.1901
17.1902
16,1922
11,1917
6,1905
11,1897
6.1908
21,1914
15,1919
25,000
50,000
50,000
50,000
50,000
35,000
50,000
50,000
30,000
75, 000
150,000
25, 000
25,000
50, 000
200, 000
25,000
50, 000
25,000
25,000
50, 000
50,000
25,000
50, 000
25, 000
300,000
25, 000
30,000
200, 000
25,000
25, 000
50,000
25, 000
25,000
50,000
50,000
25,000
25,000
25,000
25,000
29, 000
85, 500
241,225
807,900
127, 500
18,900
191,000
66,500
156,000
657, 290
14,1915
15,1903
14,1900
28,1918
228, 000
286, 380
705, 500
9,094
86, 500
54, 000
83, 250
127,000
3,500
64, 825
34, 000
137,000
798, 683
67, 270
237, 369
90, 750
151, 500
20, 000
14, 590
61, 000
380,000
51, 750
8,500
9,000
219, 075
23,250
101,750
100,100
8,750
100,000
50,000
90,000
25,000
50,000
50,000
200, 000
100,000
100, 000
100, 000
M a y 15,1929
do
M a y 22,1929
June 3,1929
June 14,1929
June 25,1929
June 28,1929
July 1,1929
do-_.
July 2,1929
25,000
100,000
150,000
130,000
50,000
35,000
50,000
50, 000
50,000
200, 000
150,000
100,000
25, 000
50,000
200,000
25, 000
50,000
100, 000
25,000
100, 000
100, 000
25, 000
400,000
35, 000
500, 000
50, 000
50, 000
100, 000
25, 000
50, 000
150, 000
25, 000
25, 000
50,000
50, 000
25,000
25,000
40,000
25, 000
July 3,1929
July 12,1929
July 15,1929
July 25,1929
July 30,1929
Aug. 14,1929
Sept. 16,1929
Sept. 23,1929
Sept. 25,1929
Oct. 18,1929
Oct. 26,1929
N o v . 18,1929
Dec. 10,1929
Dec. 13,1929
Dec. 30,1929
do
Jan. 7,1930
Jan. 8,1930
Jan. 10,1930
Jan. 13,1930
Jan. 18,1930
Jan. 22,1930
Jan. 30,1930
do...
Feb. 4,1930
Feb. 5,1930
Feb. 11,1930
_. do
do
Feb. 17,1930
do
Feb. 20,1930
Feb. 25,1930
Feb. 27,1930
Mar. 4,1930
Mar. 6,1930
Mar. 8,1930
do
M a r . 10,1930
44,400
44, 400
70,450
98,600
70, 450
98, 600
100,000
100, 000
130,000
49,000
23,400
48,850
49, 050
49,600
98, 550
23,900
25,000
25,000
50, 000
130,000
49,000
23,400
48,850
49,050
49,600
98, 550
23,900
25,000
25,000
50, 000
7,000
7,000
12,500
8,320
86, 075
44,900
6,250
12, 500
8,320
86, 075
44,900
6,250
9,980
484,940
24, 460
12, 500
100, 000
9,980
484, 940
24,460
12, 500
100, 000
12, 780
37,497
6,500
25, 000
50,000
45,980
24,400
6,070
39, 280
12, 780
37,497
6,500
25, 000
50,000
45,980
24,400
6,070
39, 280
159,150
52, 675
73, 656
34, 988
75, 263
20,000
494, 531
298, 507
84,118
1,907,478
289,053
840, 213
185,954
164,094
163, 380
1,046,039
414, 340
1,108,313
704,440
28, 063
232, 710
192,183
623,197
74,110
25,889
46, 763
1, 255, 287
1,713,486
1, 649,312
1,167, 522
127,145
496,376
315,831
457,555
1, 023,437
1,472,945
353,179
60,923
159, 202
927, 503
251,187
487, 752
84,378
157, 319
311, 827
465,914
284, 431
970, 705
264, 580
6, 362, 097
247,828
153, 397
504, 083
57, 625
131, 706
1, 261,844
81,303
208, 091
310,857
348,967
323,469
119, 090
319, 205
166,496
40,183
91, 625
285,920
328,103
72, 456
16,678
61,920
145,000
57, 475
366,113
53,083
15,000
88,862
93,396
303, 570
67,265
1,171,161
45,933
13, 513
11,858
170, 000
16,842
17,114
31,841
21,792
58,010
42,105
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Charter
no.
Date
Capital
Total
dividends
paid during existence as a
national
banking
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
tion
First National Bank, Rising Star, Tex
First National Bank, Coffee Springs, Ala
Commercial National Bank, Independence, Kans_.
Security National Bank, Cherokee,1 Iowa
First National Bank, Hazard, Ky. -..
Peoples-First National Bank, White Hall, 111
First National Bank, Wanette, Okla
Pana National Bank, Pana, 111
Farmers National Bank, Oskaloosa, Iowa »
National Bank of Tifton, Tifton, Ga.»
State National Bank, Idabel, Okla
_._
Saunders Co. National, Bank, Wahoo, Nebr
First National Bank, Pineville, W. Va
First National Bank, Jasper, Fla
National Loan & Exchange Bank, Greenwood, S. C.
First National Bank, St. Petersburg, Fla...
Farmers National Bank,Strawn, Dl.» 9
First National Bank, Cheboygan, Mich.
First National Bank in Poultney, Vt_
New-First National Bank in Farmland, Ind
First National Bank, Litchville, N. Dak
First National Bank, Williams, Iowa9
Union National Bank, Connellsville, Pa
First National Bank in Fresno, Calif
First National Bank, Grass Range, Mont
National Bank of Arkansas at Pine Bluff, Ark
Citizens National Bank, Connellsville, Pa..
—
First National Bank, Vanderbilt, Pa.»
Citizens National Bank, Galion, Ohio
._._-._„.
First National Bank, McLeansboro, 111
Port Newark National Bank, Newark, N. J
First National Bank, Ayrshire, Iowa...
_.
Farmers National Bank, Glenwood City, Wis
Clymer National Bank, Clymer, Pa
First National Bank, Burt, Iowa
7906
11259
4499
10711
8258
7121
6641
6734
8076
8350
12106
3118
7672
7757
7027
7730
7151
3235
13261
12866
8298
5585
6408
11473
10939
10768
6452
8190
1984
6649
12946
5479
11083
9898
5685
Aug.
Oct.
Jan.
Feb.
May
Jan.
Feb.
Apr.
Jan.
Aug.
Jan.
Jan.
Mar.
Jan.
Sept.
Apr.
Jan.
June
Nov.
Nov.
June
Sept.
Aug.
Sept.
Dec.
Aug.
Sept.
Feb.
Mar.
Apr.
May
June
Sept.
Oct.
Jan.
24,1905
28,1918
1,1891
10,1915
28,1906
4,1904
6,1903
14,1903
24,1906
10,1906
17,1922
3,1884
6,1905
17,1905
16,1903
26,1905
12,1904
19,1884
12,1928
25,1925
9,1906
13,1900
9,1902
29,1919
18,1916
12,1915
12,1902
21,1906
20,1872
4,1902
5,1926
11,1900
1,1917
10,1910
5,1901
$25,000
25,000
100,000
50,000
25,000
50, 000
25,000
50, 000
100,000
50,000
50,000
55,000
25,000
30,000
50,000
25,000
25,000
50,000
100,000
25,000
25,000
25,000
50,000
200,000
30,000
100,000
25,000
25,000
60,000
25,000
200,000
25,000
25,000
25,000
25,000
$52,750
17,000
659,750
27, 000
85,000
75,250
133, 500
114,000
88,500
2,500
181,950
25,500
49, 085
152,000
927, 750
47,500
235, 750
8,000
6,000
65,500
59,000
26,500
18, 000
6,000
185,000
170,000
27,000
383,400
113,000
70,750
5,000
41,000
51,750
$25,000
25,000
250.000
50,000
100,000
100,000
25,000
100,000
100,000
100,000
50,000
50,000
25,000
30,000
100,000
600,000
25,000
50,000
100,000
25,000
25,000
25, 000
50,000
400,000
30,000
100,000
100,000
25, 000
100,000
50,000
200,000
25,000
25,000
75,000
40,000
Mar. 12,1930
Mar. 13,1930
Mar. 14,1930
Mar. 17,1930
Mar. 18,1930
Mar. 20,1930
Mar. 24,1930
Apr. 1,1930
Apr. 9,1930
Apr. 12,1930
Apr. 19,1930
Apr. 22,1930
May 1,1930
May 13,1930
May 16,1930
June 9,1930
June 11,1930
June 12,1930
June 20,1930
June 25,1930
June 30,1930
July 1,1930
July 3,1930
July 7,1930
July 9,1930
July 21,1930
July 31,1930
Aug. 4,1930
do.
do.
Aug. 8,1930
Aug. 12,1930
Aug. 22,1930
do
Sept. 5,1930
$23,860
100,000
48,920
47, 840
6,300
100,000
100,000
48,920
47,840
6,300
100,000
49,160
49,160
24,460
25,000
29,040
100,000
24,460
25,000
29,040
100,000
25,000
50,000
48,438
25,000
50,000
48,437
25,000
24,580
50,000
200,000
10,000
98,920
100,000
25,000
58,740
25,000
25,000
24,580
50,000
200,000
10,000
98,920
100,000
25,000
58,740
25,000
8,000
24,700
75,000
25,000
8,000
24,700
75,000
25,000
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$31,181
23,190
270,000
4,900
100,000
57,662
28,807
111,260
100,000
89,019
67,000
247,491
24,408
32,390
90,353
929,725
12,000
50,000
86,523
21,194
17,893
46,810
470,000
33,832
485,000
224,700
198,547
112,776
33,895
34,920
15,000
Total
deposits
at date of
failure
$167,692
27,152
5,046, 248
145,924
400,926
272,906
664,920
458,910
259,857
469,076
256,931
161,344
988,433
4,336,700
112,492
1,381,383
764,122
120,624
152,358
173,782
747,648
3,348,725
98,545
1,599,482
2,582,278
140,908
906,948
480, 275
586,763
131,813
159,497
676,769
314,987
to
CO
Fourth National Bank, Montgomery, Ala.1 B
First National Bank, Fairview, Mo
Farmers National Bank, Wilkinson, Ind
First National Bank, Altus, Okla
First National Bank, Washburn, N. Dak
City National Bank, Spur, Tex
Farmers National Bank, Howe, Tex
First National Bank, Martinsville, 111
Billings National Bank, Billings, Okla._
First National Bank, Villisca, Iowa
First National Bank, Perry, Fla.._
Old First National Bank, Farmer City, Ill.i
First National Bank, Auburn, Wash
_
Peoples National Bank, Brookneal, Va
-.
First National Bank, Elgin, Nebr
First National Bank, Berwyn, Okla
Quincy-Ricker National Bank & Trust Co.,
Quincy, 111
Planters National Bank, Walnut Ridge, Ark
Holston-Union National Bank, Knoxville, Tenn_.
National Bank of Kentucky, Louisville, Ky
First National Bank, West Salem, 111
City National Bank, Spokane, Wash.*
American National Bank, Asheville, N. C
First National Bank, Plymouth, 111
First National Bank, Forman, N. Dak
First National Bank, Campbell, Mo
First National Bank, Westfield, 111
Citizens National Bank, Hendersonville, N. C
First National Bank, Mendon, Ohio
First National Bank, Roland, Iowa—
Merchants National Bank, Burlington, Iowa 18
First National Bank, Benton, 111
_.
First National Bank, Rector, Ark
First National Bank, Junction City, Ark
First National Bank, Newport, Tenn
First National Bank, Walhalla, N. Dak
First National Bank, Goreville, Ill.»
First National Bank, Marion, 111
Sioux National Bank in Sioux City, Iowa..
First National Bank, Fulton, Ky.»
First National Bank, Charlotte, N. C
First National Bank, Horse Cave, Ky
Farmers & Merchants National Bank, Tyrone, Pa.
First National Bank, Naper, Nebr
American National Bank, Redfield, S. Dak
First National Bank, Ullin, 111.*
First National Bank, Elk Point, S. Dak
Farmers National Bank, Laurens, S. C
Benton County National Bank, Bentonville, Ark_.
Footnotes at end of table, p. 331.
5877
8916
9279
7159
6327
10703
5670
6721
12045
2766
7865
4958
10585
11960
5440
7209
May 24.1901
Oct. 1.1907
Nov. 2.1908
Feb. 15.1904
June 19.1902
Feb. 4,1915
Dec. 4,1900
Mar. 17.1903
Nov. 12,1921
May 29,1882
July 11.1905
May 14,1894
July 10.1914
Aug. 7,1920
Apr. 19,1900
Mar. 28.1904
3752
12083
4648
5312
9338
12418
8772
12658
6474
6885
8216
10734
9274
11249
1744
6136
10853
11046
9632
9133
7606
4502
4510
4563
1547
7602
6499
9665
8125
8180
5901
10859
8135
100,000
June 7,1887
25,000
Aug. 24,1921
100,000
Oct. 13,1891
Apr. 23.1900 1, 645,000
25,000
Dec. 12,1908
200,000
July 3,1923
300,000
May 15.1907
25,000
Mar. 7,1925
25,000
Oct. 24,1902
30,000
Apr. 4,1903
25,000
Apr. 10.1906
50,000
Apr. 21.1915
25,000
Oct. 28.1908
30,000
Aug. 17,1918
100,000
Nov. 7,1870
25,000
Jan. 11,1902
25, 000
Apr. 17.1916
25, 000
July 6,1917
25, 000
Dec. 20.1909
25, 000
Mar. 14.1908
25, 000
Jan. 31.1905
50,000
Dec. 27,1890
100, 000
Aug. 19.1890
100, 000
Apr. 24.1891
50, 000
Aug. 26,1865
25,000
Feb. 4.1905
60, 000
Nov. 19,1902
25, 000
Dec. 15.1909
30, 000
Feb. 16.1906
25, 000
Apr. 3.1906
25, 000
June 22.1901
50, 000
May 16,1916
60, 000
Feb. 28,1906
100,000
25,000
25,000
30,000
25,000
40,000
30,000
25,000
30,000
50,000
25,000
50,000
50,000
50,000
25,000
25,000
877,000
24,500
32,500
214,800
96,250
44,200
61,500
54,125
5,000
400,500
125,500
194,500
155,000
1,500
113,750
39,500
500,000
25,000
25,000
60,000
25,000
40,000
30,000
25,000
25,000
50,000
50,000
65,000
75,000
50,000
50,000
25,000
Sept. 6,1930
Sept. 17,1930
Sept. 19,1930
Sept. 26,1930
Sept. 29,1930
Oct. 7,1930
Oct. 8,1930
Oct. 11,1930
Oct. 17,1930
Oct. 18,1930
Oct. 25,1930
do
Oct. 28,1930
Oct. 31,1930
N o v . 3,1930
N o v . 6,1930
25,000
25,000
25,000
25,000
9,040
24,995
25,000
25,000
25,000
25,000
25,000
10,000
30,000
25,000
50,000
50,000
50,000
50,000
50,000
6,250
50,000
6,250
500,000
450,890
500,000 N o v . 10,1930
500,000
7,500
25,000 N o v . 11,1930
25,000
25,000
750,000 N o v . 12,1930
1, 607,303
742,198
742,198
9,885,550 4,000,000 N o v . 17,1930 2,500,000 2, 500,000
22,750
25,000 N o v . 18,1930
24,815
24,815
50,000
200,000 N o v . 20,1930
154,500
200,000 N o v . 21,1930
150,000
150,000
do
25,000
3,750
23,980
23,980
25,000 N o v . 24,1930
7,000
7,000
41,000
do
40,000
7,200
7,200
54,400
50,000 N o v . 28,1930
50,000
50,000
93,750
do
49,580
49,580
100,000
71,000
24,400
24,400
25,000 N o v . 29,1930
31, ^50
do
30,000
30,000
40,000
9,600
525,000
100,000 Dec. 2,1930
do
97, 720
100,000
210, 250
97, 720
24, 520
24, 520
25, 000 Dec. 3,1930
24, 750
do
25, 000
25,000
50, 000 Dec. 4,1930
45, 000
48, 380
48, 380
25, 000 Dec. 5,1930
24, 400
24, 4C0
25, 000
40, 085
7,820
7,820
do
378, 000
96,995
100, 000
96,995
do
631, 500
100, 000
400, 000 Dec. 8,1930
100, 000
50, 000
203, 500
48, 380
48,380
do
2, 090, 000 300, 000
299, 980
299, 980
do
25, 000 Dec. 9,1930
55, 500
24, 400
24,400
162, 400
100, 000
150, 000 Dec. 12,1930
100, 000
25, 000
37, 250
10,000
10, 000
do
40, 000
85, 200
40,000
40, 000
do
25, 000
28, 000
6,200
6,200
do
25, 000 Dec. 16,1930
59, 250
24, 400
24, 400
50, 000
35, 000
do
60, 000
179, 400
do
58, 500
58, 500
2,854,931
26,851
23,057
132,194
34,595
114,964
16,469
8,925
46,916
65,262
46,996
80,169
37,238
6,412
586,680
14,605
1,774,450
7,083,021
40,563
200,000
412,051
17,225
17, 214
48,000
7,730
149,081
25,334
33,832
437, 215
368, 579
51,730
36, 000
22, 267
20, 584
214, 000
630,129
20,000
523, 250
25, 000
84, 935
10, 270
34,026
39, 228
41, 785
39, 244
159,185
49,235
141,893
447,432
98,056
184,464
69,222
298,702
161,423
495,272
392,610
745,494
342,198
105,407
42,295
3, 564,347
87,593
11,162,384
26,966,990
223,941
50,536
1,949,431
98, 590
152,037
109, 663
246,458
1,075,536
237, 560
260,008
1,119, 568
193, 204
296, 096
428,125
80,142
78,154
1, 567, 657
3, 438, 611
140, 347
1, 671, 709
390, 078
362, 750
45, 676
533, 474
130,169
168, 865
86, 645
791, 374
to
CD
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 81, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Union National Bank, Fairmont, W. Va
First National Bank, Goodwin, S. Dak
Kansas National Bank, Kansas, 111
First National Bank, Mount Sterling, Ill.i
First National Bank, Sweetwater, Tenn.»
First National Bank, Caruthersyille, Mo
First National Bank, Capac, Mich
First National Bank, Rock Rapids, Iowa
Farmers National Bank, In wood, Iowa__
First National Bank, Laurinburg, N . C."
First National Bank, Ridgeway, Mo
First National Bank, Tyler, Minn
City National Bank in Miami, Fla__
First National Bank, Augusta, 111
Pecan Gap National Bank, Pecan Gap,
Tex
First National Bank, Hobson, Mont. 1
First National Bank, Ladonia, Tex
First National Bank, Sesser, 111
First National Bank, Greenwood, Miss
First National Bank, Connersville, Ind
...
First National Bank, Titonka, Iowa
National Bank of Goldsboro, Goldsboro, N . C
Interstate National Bank, Helena, Ark
First National Bank, Rails, Tex
First National Bank, Kerkhoven, Minn
Merchants & Planters National Bank, Dillwyn,
Va.
First National Bank, Ludlow, Mo
Lawrence Ave. National Bank, Chicago, 111..
First National Bank, Floyd, Iowa__
First National Bank, Corning, Ark.*
National Bank of Wilkes at Washington, Ga.
City National Bank, Bessemer, Ala
First National Bank, Rogers, Ark
First National Bank, Brookhaven, Miss
Charter
no.
9645
10797
9293
2402
11202
10784
10631
3153
8257
5651
6549
6203
13159
6751
13266
10715
4311
8758
7216
1034
5597
5048
11234
12927
11365
11501
7900
12873
9821
7311
8848
11905
7789
10494
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Jan.
Oct.
Oct.
Oct.
Jan.
Sept.
Sept.
Mar.
Mar.
Nov.
Dec.
Jan.
Dec.
Apr.
Dec.
Jan.
Apr.
Apr.
Apr.
Feb.
Aug.
Apr.
July
Mar.
May
10,1910
28,1915
10,1908
28,1878
21,1918
17,1915
17,1914
17,1884
19,1906
26,1900
12,1902
24,1902
23,1927
13,1903
10,1928
4,1915
26,1890
25,1907
2,1904
13,1865
20,1900
28,1896
23,1918
24,1926
24,1919
$150,000
25,000
50,000
50,000
60,000
50,000
25,000
50,000
40,000
25,000
30,000
25,000
500,000
60,000
25,000
30,000
50,000
25,000
250,000
100,000
25,000
50,000
200,000
25,000
25,000
$242, 429
32,000
45, 500
364, 250
10,200
68, 250
51, 750
408, 500
99,600
100, 000
139, 800
80, 000
Oct.
Aug.
Jan.
June
June
July
Dec.
May
Feb.
27,1919
7,1905
11,1926
16,1910
7,1904
25,1907
6,1920
19,1905
17,1914
50,000
25,000
200,000
25, 000
25,000
50,000
100, 000
25,000
100, 000
13, 500
13,000
99,000
1,500
28,500
315, 216
47, 250
862, 500
727, 250
50, 250
234, 000
285, 000
6,250
2,500
21,500
122, 700
131, 205
61, 476
130, 500
131, 000
Failures
Capital
$420,000
25, 000
50, 000
100,000
60, 000
50, 000
25, 000
100,000
40,000
25, 000
60, 000
25,000
500, 000
60,000
25,000
30, 000
100, 000
25, 000
250, 000
200, 000
25,000
100,000
250, 000
25,000
25,000
Receiver
appointed
Dec. 16,1930
Dec. 17,1930
....do
....do
....do
Dec. 18,1930
Dec. 19,1930
Dec. 20,1930
....do
Dec. 23,1930
do.
....do
do
-.
....do
Dec. 26,1930
do
....do
do
Dec.
Dec.
27,1930
30,1930
do
do
Jan. 3,1931
Jan. 6,1931
do
50,000 Jan. 9,1931
25,000
do
200, 000
do
25,000
do
50,000 Jan. 12,1931
do
50,000
100, 000
..do
50,000 Jan. 13,1931
100, 000
,_do
Lawful
money
deposited
Circulation outstanding
at date
of failure
$194,960
$194,960
~~~5O,~666~ ""56," 666"
38, 020
46, 580
9,280
94,100
40, 000
24, 580
38, 020
46, 580
9,280
94,100
40,000
24, 580
25,000
25, 000
"35," 656"
~35,~666
6,260
236,380
197,000
25,000
6,260
236, 380
197, 000
25,000
25,000
25,000
24,400
191,300
24, 700
24, 400
191, 300
24, 700
48,915
93,700
48,320
48,
93,
48,
75,
915
700
320
000
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$696, 759
70, 018
49,015
553, 211
20, 000
35,199
39,137
47,904
27, 785
17, 493
18,000
36, 892
362,960
38, 590
60, 048
29,185
43,000
678,828
79, 508
9,672
36, 527
337,108
32, 646
9,802
39, 044
34,000
124,950
9,974
125, 547
44, 310
107, 050
74, 700
142, 758
Total
deposits
at date of
failure
$2, 474,918
238,137
216,325
141,914
449,850
421, 434
257,123
177, 727
108, 656
87,181
505,190
5,996,970
299,969
113, 720
256, 384
231,184
1,454, 676
1,117,419
209,247
329,045
1, 636,678
56,590
79,282
151,325
78,187
633,079
170, 653
322,962
605, 272
561,673
912, 728
to
CO
CD
First National Bank, Brookfield, Mo
.._.
Howard National Bank, Kokomo, Ind. 1
Planters National Bank, Clarksdale, Miss
Anoka National Bank, Anoka, Minn
First National Bank, Clinton, S. C .
First National Bank, Addison, Pa.i 19
First National Bank, Crestline, Ohio
First National Bank, Waverly, 111
Farmers & Merchants National Bank, Sheridan,
Ind.
Peoples National Bank, Osceola Mills, Pa
Clinton National Bank, Clinton, Mo
First National Bank, Connellsville, Pa.*
First National Bank, Redmond, Oreg
First National Bank, Panama City, Fla
Farmers & Merchants National Bank, Rockmart,
Ga.
First National Bank, Republic, Pa
First National Bank, Hartselle, Ala
First National B ank, Jackson, Miss
National Bank of Thurmond, Thurmond, W. Va_.
First National B ank, Fairchance, Pa
National Bank of Toronto, Toronto, Ohio
First National Bank, La Pine, Ala
Lincoln National Bank, Avella, Pa
American National Bank, Paris, Tex
-_..
Citizens National Bank, Wilmington, Ohio
Security National Bank, Hope, N. Dak
___.
First National Bank, Stone, Ky
Blossom National Bank, Blossom, Tex
Coolville National Bank, Coolville, Ohio
First National Bank, Veedersburg, Ind
First National Bank, Champlain, N. Y
First National Bank, Rouses Point, N. Y
First & Farmers National Bank in Luverne, Minn.
First National Bank, Portage, Pa
Central National Bank, Ellsworth, Kans
First National Bank, Rockwell, Iowa
First National Bank, Worthington, W. Va
National Bank of Norton, Norton, Va
First National Bank, Oak Park, 111
Austin National Bank, Chicago, 111
First National Bank, Ivanhoe, Minn._
Orangeburg National Bank, Orangeburg, S. C.i__.
First National Bank, Macedon, N. Y
Woodlynn National Bank, Woodlynn, N. J
First-Rempel National Bank, Logan, Ohio
Second National Bank, Altoona, Pa
Monongahela National Bank, Brownsville, Pa
Footnotes at end of table, p. 331.
Sept.
Nov.
June
May
Jan.
Mar.
Nov.
Jan.
Mar.
5,1925
28,1877
10,1922
26,1883
8,1906
13,1903
30,1897
7,1902
9,1927
100,000
100,000
500,000
100,000
50,000
25,000
50,000
25,000
40,000
827,000
140,000
146, 500
112,085
11, 500
147,000
132,000
100,000
200,000
500,000
50,000
100,000
25,000
75,000
100,000
50,000
Jan. 22,1931
do
Jan. 26,1931
Jan. 27,1931
do.
Jan. 28,1931
do
Feb. 7,1931
Feb. 9,1931
11966 M a r .
7806 Apr.
2329 M a r .
11294 Dec.
10346 Feb.
23,1921
29,1905
25,1876
24,1918
26,1913
50,000
50,000
50,000
25,000
30,000
14, 500
130, 500
400,000
3,750
313,950
100,000
50,000
200,000
25,000
250,000
Feb.
Aug.
Nov.
Jan.
Mar.
Dec.
Apr.
July
Aug.
May
Jan.
May
Feb.
Dec.
Mar.
Mar.
July
Feb.
Apr.
Jan.
July
Jan.
June
Apr.
Apr.
Oct.
Feb.
Sept.
Dec.
Dec.
Feb.
Jan.
Aug.
Dec.
17,1916
7,1913
15.1906
14.1885
30.1907
21.1906
30.1907
3,1915
19,1905
23,1907
2,1906
8,1927
3,1920
21,1927
8,1906
3,1917
20,1864
14,1921
27.1925
18.1904
13.1886
11.1912
14.1913
25,1910
31,1919
7,1913
25,1902
24.1914
10,1923
15.1926
24.1905
19,1882
10,1864
40,000
25,000
25,000
50,000
50,000
25,000
50,000
25,000
25,000
150,000
60,000
25,000
50,000
30,000
25,000
35,000
65,000
50,000
100, 000
25,000
50,000
25,000
30,000
25,000
100,000
100,000
25, 000
100, 000
25,000
25, 000
50,000
100,000
200, 000
20,800
32, 500
190,333
724,500
99,000
22, 750
102,000
22,000
54, 750
328, 500
171, 500
40,000
50,000
100,000
200,000
50,000
25,000
100,000
25,000
100,000
150,000
100,000
25,000
50,000
30,000
25,000
35,000
100,000
50,000
100, 000
60,000
100,000
25,000
30,000
50,000
100,000
250,000
25,000
200, 000
25,000
50, 000
100, 000
125,000
100,000
Feb. 13,1931
..—do
Feb. 16,1931
..—do
Feb. 18,1931
Feb. 26,1931
. do .
Mar. 3, 1931
Mar. 7, 1931
Mar. 9, 1931
do_.
Mar. 13,1931
Mar. 17,1931
do.
M a r . 18,1931
M a r . 19,1931
—do
.do
Mar. 23,1931
Mar. 25,1931
Mar. 30,1931
do.
Mar. 31, 1931
do
Apr. 1,1931
Apr. 6,1931
Apr. 9,1931
do
Apr. 10,1931
Apr. 11,1931
Apr. 16,1931
do
do
12820
2375
12222
3000
8041
6709
5099
6116
13050
10900
10466
8067
3332
8998
8245
8826
10799
7854
8542
8251
13041
11890
13052
8175
11044
316
11969
12634
7367
3447
10217
10450
9746
11507
10337
6467
10674
12494
12894
7649
2781
28,500
2,400
41, 250
23,450
861, 750
52,000
5,000
100,475
349, 250
23,250
30,900
53, 250
1,000
166, 500
47, 500
155, 000
250
133, 500
435,000
904, 500
Feb.
10,1931
do
12,1931
do
do
19,460
19, 460
95, 500
12, 500
94, 660
95, 500
12, 500
94,660
98, 800
98, 800
29, 340
48, 380
29, 340
48,380
25,000
90,220
25,000
100,000
48,500
24,700
100,000
48, 500
24,700
100,000
24, 700
94,960
97, 420
24, 700
94,960
97, 420
9,040
9,040
Is, 700
34, 280
37, 200
12, 320
55, 000
25,000
25,000
18,270
29, 220
50,000
19,666
34, 280
37,200
12,320
55,000
25,000
25,000
18, 270
29,220
50, 000
24, 700
25,000
24, 700
25,000
25, 000
25, 000
47, 780
48,140
98,140
47, 780
48,140
98,140
8,705
716,994
839,497
24,191
33, 499
1,048,155
615,068
269,679
75,000
70,000
68,027
263,057
348, 777
121,516
45,000
104,000
235,026
18,300
151,943
348,047
421,017
20,500
199,079
151,829
447,841
1,957,808
242,459
344,486
752,806
50,808
849, 299
960,388
566,471
116,565
378,320
55,161
298,788
156,056
1, 252, 541
730,005
708, 566
749,845
958,087
177,137
156,448
203,502
395,788
2,116,813
179, 615
136,239
266,860
48889
,
30,000
165,460
22,884
21,625
279,703
89,308
55,005
49,500
16,897
47,728
24,015
13,651
177,012
57,500
148,514
12,000
33,650
74, 245
508,107
48,600
498,800
25,000
56,427
110,250
724,809
66,000
247,682
672, 638
263, 330
245,354
769,937
2,158,821
4, 454, 324
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
First National Bank, Richwood, Ohio 1 _
Citizons National Bank, Monessen, Pa.
Nobel County National Bank, Caldwell, Ohio K..
First National Bank, Masontown, Pa
_
Central National Bank & Trust Co., St. Petersburg, Fla
Merchants National Bank, Point Pleasant, W.Va.i.
First National Bank, Waldron, Ark
First National Bank, Langdon, N. Dak.i
First National Bank, Brandt, S. Dak
First National Bank, Millsboro, Pa
First National Bank, Tracy, Minn
Old National City Bank, Lima, Ohio
_
National Bank of Kinston, Kinston, N. C
First National Bank, Kinston, N. C . _
First National Bank & Trust Co., Paris, Ill.i
First National Bank, Pomeroy, Iowa
First National Bank, Terra Bella, Calif
Commercial National Bank, Essex, Iowa
Farmers National Bank, Hickory, Pa__
Savona National Bank, Savona, N. Y._
Montgomery County National Bank, Cherryvale,
Kans
_._
Security National Bank, Milford, Iowa_
Peoples National Bank, Shakopee, Minn
First National Bank, Dawson, Minn
Overbrook National Bank, Philadelphia, Pa
First National Bank, Crary, N. Dak
Albany Park National Bank & Trust Co., Chicago,
Farmers National Bank, Pomeroy, Wash.
Citizens National Bank, Odessa, Tex
First National Bank, Holton, Kans__
Iron National Bank, Ironwood, Mich_,__.
First National Bank, Smithfleld, Pa
_.
Charter
no.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
9199 Jan. 24,1908
11487 Oct. 18,1919
2102 Mar. 18,1873
5441 M a y 10,1900
$25,000
100,000
60,000
25,000
$58,250
39,000
Apr. 18,1905
July 18,1865
M a y 17,1901
Sept. 28,1892
June 24,1916
June 11,1904
Feb. 21,1895
Mar. 29,1907
Feb. 14,1908
Feb. 25,1908
July 16,1885
Dec. 10,1901
Sept. 28,1910
5803 Apr. 22,1901
7405 Aue. 17,1904
11349 Apr. 23,1919
25,000
180,000
25,000
50,000
25,000
25,000
50,000
125,000
100,000
100,000
108,000
40,000
25,000
50,000
25,000
25,000
361,000
737,041
48,500
4749
9298
11685
6321
12573
6407
May
Nov.
Apr.
June
July
Aug.
21,1892
27,1908
12,1920
6,1902
1,1924
20,1902
11737
11416
8169
3061
11469
6642
Apr. 13,1920
July 19,1919
Mar. 29,1906
Sept. 27,1883
Sept, 2,1919
Jan. 14,1903
7796
1504
5849
4802
10893
7310
4992
8701
9044
9085
3376
124,500
Failures
Capital
Receiver
appointed
$40,000 Apr. 17,1931
do.
100,000
60,000 Apr. 18,1931
100,000
do
Apr. 21,1931
Apr. 22,1931
do
Apr. 23,1931
Apr. 27,1931
Apr. 28,1931
Apr. 29,1931
do.
5,750
3,000
156,500
370,667
281,600
340,500
634,560
100,700
27,000
147,000
61,450
9,000
300,000
100,000
25,000
50,000
25,000
25,000
50,000
300,000
120, 000
125,000
150,000
40,000
25,000
50,000
90,000
25,000
...._do
May 6,1931
do
50,000
25,000
25,000
30,000
300,000
25,000
72,500
25,069
4,500
51,900
118, 500
52,500
50,000
50,000
25,000
30,000
500,000
25,000
May
May
May
May
May
May
200,000
50,000
25,000
50,000
100,000
25,000
105,000
5,000
130,700
324,700
96,000
101, 250
300, 000
50,000
50,000
50,000
100,000
75,000
May 19,1931
do
do
May 23,1931
May 26,1931
May 27,1931
May 1,1931
do
May 4,1931
May 5,1931
do
7,1931
11,1931
13,1931
14,1931
15,1931
18,1931
CirculaLawful tion outmoney standing
deposited at date
of failure
$38,500
$38,500
98,800
98,800
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$39,500
102,400
45,945
285,031
Total
deposits
at date of
failure
$357,035
1,031,948
18,750
18,750
25,000
25,000
42,532
84,421
15,150
57,886
19, 717
17,500
150,000
24,340
24,400
150,000
24,340
24,400
351,426
180,931
235,938
40,000
21,580
50,000
24, 635
10,000
40,000
24,580
50,000
24, 635
10,000
16,020
14,500
29,625
15,000
6,602
80,421
88,582
572,642
2,148,083
714,382
623,322
601,607
146,212
116,308
167,634
537,618
182,124
50,000
25,000
50,000
25,000
30,000
150,000
25,000
30,000
150,000
25,000
68,327
34,853
37,804
29,657
753,847
14,665
159,623
176,814
156,926
212,097
2, 528,547
66,109
200,000
19,460
32,360
200,000
19,460
32,360
100,000
50,000
100,000
50,000
515,600
91, 750
54,968
63, 576
24,294
70,000
1,700,609
132,744
424,875
403,898
502,305
448,347
2,602,558
"~I§7,~347
to
CO
00
McCartney National Bank, Green Bay, Wis
National Bank of Lynwood, Lynwood, Calif
First National Bank, Prattville, Ala
First National Bank, Fowler, Ind
First National Bank, Irvona, Pa
Citizens National Bank, Warren, Pa
First National Bank, Smithfield, Ohio 1
Washington Park National Bank, Chicago, 111
Inland-Irving National Bank, Chicago, 111
First National Bank, Mountain Lake, Minn
Commercial National Bank, Hattiesburg, Miss
Farmers National Bank, Cross Plains, Tex
Manufacturers National Bank & Trust Co., Rockford, 111
Mahaffey National Bank, Mahaffey, Pa
First National Bank, St. Clair Shores, Mich
Security National Bank, Rockford, 111
.
Peoples National Bank, Delmont, Pa
First National Bank, Downers Grove, 111
First National Bank, Chillicothe, Mo
Planters National Bank, Saluda, S. C
Waukegan National Bank, Waukegan, 111
Bottineau National Bank, Bqttineau, N. Dak
Kingwood National Bank, Kingwood, W. Va.
Merchants National Bank, Willow City, N. DakCitizens National Bank, Jenkintown, Pa
First National Bank, Watseka, 111
Peoples National Bank of Winston, WinstonSalem, N. C
First National Bank, Morrison ville, 111
First National Bank, Elliott, Iowa
First National Bank, Genoa, N. Y
First National Bank, Bagley, Iowa
First National Bank, Blissfield, Mich
First National Bank, Dearborn, Mich
First National Bank, Royal Oak, Mich
First National Bank, Beggs, Okla
First National Bank, Federalsburg, Md. 9
First National Bank, Mechanicville, N. Y
Boston Nat,onal Bank, South Boston, Va
Second National Bank, New Hampton, Iowa
First National Bank, Scobey, Mont
_.
Will County National Bank, Joliet, 1111
First National Bank, Stronghurst, 111.
Floyd County National Bank, Floydada, Tex.i....
Walthill National Bank, Walthill, Nebr
Third National Bank, New London, Ohio
Greenville National Bank, Greenville, Mich
First National Bank, Greensboro, Ala
Steele County National Bank, Finley, N. Dak___.
Footnotes at end of table, p. 331.
4783
13135
9055
5430
11115
2226
501
3916
10179
9267
12478
8583
June
Oct.
Feb.
May
Oct.
Feb.
June
June
Apr.
Oct.
Dec.
Jan.
30,1892
10,1927
24,1908
23.1900
12,1917
8,1875
24.1864
21,1888
18,1912
16,1908
26.1923
24,1907
3952
7610
12661
11731
9996
9725
3686
10802
10555
7879
6332
7332
12530
1721
Nov.
Dec.
Feb.
May
Mar.
Jan.
Jan.
Nov.
Mar.
Aug.
July
May
Apr.
Aug.
4292
6745
6857
9921
6995
11813
12989
12657
6868
10210
3171
8414
7607
10838
1882
5813
12692
9816
10101
11843
5693
13190
Mar.
Mar.
June
Jan.
Oct.
Aug.
Aug.
Feb.
June
May
Mar.
Oct.
Jan.
Mar.
Aug.
Apr.
Apr.
June
Sept.
Sept.
Jan.
Mar.
25, 000
100.000
25, 000
91, 750
151,850
27,000
431, 667
447, 575
1,098,942
313, 250
35, 750
19,000
50, 750
500,000
50,000
50, 000
75,000
25, 000
125, 000
100, 000
600, 000
525,000
25,000
100, 000
25, 000
May 29,1931
do
June 1,1931
June 2,1931
do
June 4.1931
June 5,1931
June 9,1931
do.
June 12,1931
do
June 13,1931
20,1888
27,1904
16.1925
3,1920
24.1911
31,1910
22,1887
11.1915
7,1913
4,1905
3.1902
3.1904
18.1924
27,1870
125,000
35, 000
50,000
200,000
25, 000
35,000
50,000
30,000
100,000
25,000
25,000
25,000
150,000
50,000
842, 470
111,000
16,500
70,000
27, 750
148,075
323, 500
64,900
213, 500
44, 250
39, 250
98,000
1,500
439, 764
500,000
50,000
50, 000
200, 000
25, 000
100, 000
100, 000
100,000
250,000
25, 000
25, 000
25, 000
150, 000
50,000
June 16,1931
do
June 17,1931
June 18,1931
.do.
June 19,1931
June 22,1931
do
do
June 23,1931
do.
June 27,1931
do
June 29,1931
24,1890
18,1903
15,1903
4,1911
5.1903
3,1920
17.1926
26.1925
22,1903
24.1912
6,1884
10,1906
3.1905
25.1916
4,1871
27.1901
18,1925
25.1910
29.1911
11,1920
15,1901
3,1928
100,000
25,000
25,000
25,000
25,000
60,000
150,000
100,000
25,000
25,000
50,000
50,000
50,000
25,000
100,000
25,000
50,000
25,000
50,000
50,000
25,000
25,000
296,500
65,855
90, 750
23,000
62, 500
43, 200
9,000
150,000
50,000
50,000
25,000
25,000
60,000
150,000
150, 000
25,000
25,000
50, 000
200,000
100,000
30,000
200,000
75,000
50,000
25,000
50,000
50,000
100,000
25,000
do
do
July 2,1931
do.
July 3,1931
do
do
do.
July 9,1931
do
do
July 10,1931
July 14,1931
do.
July 15,1931
July 17,1931
do
July 20,1931
.do.
July 21,1931
do
July 27,1931
50,000
50,000
50,000
25,000
25,000
50,000
63,000
50,000
100,000
1,036,584
40,500
12,750
170, 500
159, 500
246, 250
20,150
793,000
40,600
31,000
19, 500
52,000
28,000
263,000
249,995
249,995
12,500
14, 520
5.960
96, 220
12,500
14, 520
5,960
96, 220
~5o6~6o6~
~5O67666~
296,760
25,000
98,500
6,300
314,479
30,157
177,372
38,410
55,000
45,100
50,517
2,089,423
197,992
315,870
296, 451
248,004
933,649
296,760
25,000
98,500
6,300
901.957
2,507
44,405
59, 667
"7,521,346
4,169, 504
253,118
759.379
119,835
196,760
47,420
30,000
197,060
9,760
35,000
98,800
196, 760
47,420
30,000
200,055
44,810
10,000
158,500
25,651
250,000
7,000
250,000
7,000
24,400
94,120
48,980
24,400
94,120
150,000
25,000
20,000
25,000
19,520
58,380
48,200
47,360
24, 280
25,000
48,500
189,440
100,000
30,000
198,500
150,000
25,000
20,000
25,000
19, 520
58,380
48,200
47, 360
24,280
25,000
48,500
194,120
100,000
30,000
198,500
24,820
50,000
50,000
38,240
24,820
50,000
50,000
38,240
197,060
9,760
35,000
98,800
184,084
62,135
163, 501
73,352
35, 650
27,348
141,870
24,450
236,123
43, 224
6,752
23,118
24,404
97,986
75,660
35,576
5,671
24,997
325, 760
81,329
214,000
80,095
73,538
17,540
20,328
31,850
157,384
72,968
4, 237,013
574,955
676,110
1,908,707
313,986
928,952
790,465
421.164
2,870,921
267.165
201,808
70,204
384, 791
288, 539
o
906,141
219,705
144,998
149,455
128,868
593,860
604,702
743,053
134.380
234,375
1,299,051
685,845
684,980
178,931
2,662,267
281,128
72,312
422.998
237,026
168,085
112, 465
CO
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
First National Bank, Terrell, Tex.i
First National Bank, Beaverdale, Pa
First National Bank, Ripley, N. Y
Oconto National Bank, Oconto, Wis
Union City National Bank, Union City, N. J
National Bank of North Hudson at Union City, N. J.
First National Bank, Boyne City, Mich
First National Bank, Ryder, N. Dak
First National Bank, Plaza, N. Dak
First National Bank, Van Hook, N. Dak
First National Bank, Parshall, N. Dak
First National Bank, Maryville, Mo
Manufacturers National -Bank, Mechanicville,
N.Y
Columbus National Bank, Columbus, Ohio 1
First National Bank, Polo, 111..
_
First National Bank, Blythe, Calif
First National Bank in Mount Vernon, S. Dak
First National Bank, Colony, Kans
National Bank of Monticello, Monticello, Ind.19___
First National Bank, Lehigh, Iowa
_
First National Bank, Fairchild, Wis
United States National Bank, Los Angeles, Calif. __
First National Bank, Bancroft, Idaho. _.
First National Bank, Wauseon, Ohio
Farmers National Bank, Bridgewater, S. Dak
Peoples National Bank,.Latrobe, Pa___
First National Bank, Sweet Springs, Mo
Queensboro National Bank of the City of New
York, New York, N. Y...
_..
The Farmers National Bank, Fairfax, S. Dak
Prineville National Bank, Prineville, Oreg
First National Bank, Lyons, Ga
First National Bank, Vidalia, Ga
Charter
no.
Date
Capital
Total
dividendspaid during existence as a
national
banking
association
3816
11317
6386
3541
12749
9867
9020
9214
9689
10966
11226
Oct.
Mar.
Aug.
July
May
Sept.
Jan.
Apr.
Feb.
Mar.
July
Aug.
26,1887
1,1919
9,1902
15,1886
22,1925
19,1910
15,1908
22,1908
11,1910
15,1917
25,1918
28,1884
$50,000
50,000
25,000
50,000
100,000
100,000
50,000
25,000
25,000
25,000
25,000
100,000
$792, 500
39,000
79,000
197,700
5037
12350
13497
10944
13282
11531
12952
5868
7264
7632
11183
7091
7426
5744
11372
Feb.
Apr.
Oct.
Jan.
Feb.
Nov.
June
June
May
Feb.
Apr.
Oct.
Sept.
Jan.
May
1,1896
2,1923
11,1930
17,1917
8,1929
7,1919
14,1926
15,1901
9,1904
11,1905
15,1918
22,1903
28,1904
14,1901
31,1919
60,000
500,000
50,000
25,000
25,000
25,000
40,000
25,000
25,000
200,000
25,000
25,000
25,000
100,000
50,000
273,600
12398
13302
12655
7979
June
Mar.
Feb.
Aug.
June
11,1923
9,1929
27,1925
30,1905
21,1910
200,000
25,000
50,000
25,000
35,000
500,700
37,500
46, 250
42,500
7,500
2,500
582,074
17, 750
2,500
12,000
37,350
34,500
740,000
10,500
104,750
55,000
211,000
52,000
38, 500
63,000
Failures
Capital
Receiver
appointed
$200,000
50,000
25,000
60,000
300,000
600,000
50,000
25,000
25,000
25,000
25,000
100,000
July 27,1931
July 28,1931
July 30,1931
Aug. 3,1931
Aug. 6,1931
do
Aug. 7,1931
Aug. 8,1931
do
_.do
do
Aug. 10,1931
100,000
500,000
50,000
50,000
25,000
25,000
40,000
25,000
25,000
1,000,000
25,000
50,000
25,000
200,000
50,000
do
Aug. 11,1931
Aug. 12,1931
do
do.
Aug. 14,1931
Aug. 15,1931
Aug. 17,1931
Aug. 18,1931
do.
Aug. 20,1931
Aug. 22,1931
Aug. 24,1931
do
do.
200,000 Aug. 26,1931
25,000
do
50,000 Sept. 1,1931
25,000 Sept. 3,1931
35,000
do
Circulation outLawful
money standing
deposited at date
of failure
$48,320
25,000
59,460
$48,320
25,000
59,460
140,000
50,000
24,280
20,000
25,000
9,760
96,040
140,000
50,000
24,280
20,000
25,000
9,760
96,040
100,000
100,000
25,000
25,000
20,000
10,000
20,000
10,000
50,000
6,500
98,495
50,000
6,500
98,495
24,640
24,640
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$50,449
42,000
44,362
94,318
20,000
620,000
48,025
50,226
55,528
48,775
51,826
275,000
500,000
29,837
201,543
40,806
43,125
17,299
245,796
14,000
20,565
52,100
22,957
145,000
10,500
300,000
25,000
34,860
25,000
34,860
28,615
48,501
99,903
Total
deposits
at date of
failure
$503, 293
522,701
612,430
934,493
8,128,016
463,883
87,152
128,328
178,946
119,666
497,746
2,840,127
434,178
175, 767
124,769
83,147
245,796
130,412
7,798,942
57,603
551,688
247, 707
2,477,973
103,765
1,982,752
120,105
81,599
106, 533
236,354
GO
O
O
1
O
K
o1
t"
First National Bank, Westbrook, Minn
First National Bank, El Paso, Tex
First National Bank, Coin, Iowa
First National Bank, Randolph, Iowa
First National Bank at Smithfield, Ohio
National Bank of Defiance, Defiance, Ohio
Security National Bank, Mobridge, S. Dak
First National Bank in Alexandria, S. Dak
First National Bank, Eudora, Ark
First National Bank, Mora, Minn
Plainviaw National Bank, Plainview, Tex
Limon National Bank, Limon, Colo. 9
First National Bank, Merrill, Iowa
Roekaway Beach National Bank, New York, N. Y.
Labor National Bank of Montana at Three Forks,
Mont
Bank of Pittsburgh National Association, Pittsburgh, Pa
Peoples National Bank, Salem, N. Y
Farmers National Bank, Trafalgar, Ind
Inkster National Bank, Inkster, Mich
Rogers Park National Bank, Chicago, 111
First National Bank, Lynchburg, Ohio 9
Commercial National Bank & Trust Co., St.
Joseph, Mich
First National Bank, Hankinson, N. Dak
First National Bank, Midland City, Ala
Alderson National Bank, Alderson, W. Va
_.
Highland National Bank, Pittsburgh, Pa
First National Bank, Viborg, S. Dak
Ogden National Bank, Chicago, 111
First National Bank, Fort Mills, S. C
Farmers National Bank, New Bedford, 111
First National Bank, Bode, Iowa
First National Bank, Sisseton, S. Dak
First National Bank, Hagerstown, Md
First National Bank, Reed City, Mich
._
Peoples National Bank, Pulaski, N. Y
First National Bank, Unionville, N. Y
First National Bank, Orbisonia, Pa
First National Bank, Kewanee, 111
Security National Bank, Bowie, Tex
National City Bank, Ottawa, 111
First National Bank, Elba, Ala
First National Bank, Smithville, Tex
Calumet National Bank, Chicago, 111
First National Bank, Colvilte, Wash
Peoples National Bank, Point Marion, Pa
Planters & Merchants First National Bank, South
Boston, Va
Footnotes at end of table, p. 331.
6412
2532
7309
7833
13171
13457
11590
12611
12813
7292
9802
11*619
10889
12252
July
May
June
June
Jan.
Apr.
Dec.
Oct.
Aug.
May
June
Feb.
Aug.
June
12361
15,1902
25,1881
3,1904
27,1905
17,1928
16,1930
5,1919
18.1924
15.1925
18,1904
15,1910
10,1920
3,1916
21,1922
25,000
50,000
25,000
25, 000
50,000
150, 000
50,000
50,000
40, 000
25,000
100,000
30,000
40,000
200,000
64, 250
30,000
2, 614, 000 1, 000, 000
50,000
80, 259
45,000
91, 750
50,000
150, 000
50, 000
50,000
40,000
25, 000
125,000
30,000
40,000
200,000
Mar. 28,1923
25,000
25,000
5225 Oct. 3,1899
3245 June 21,1884
7491 Sept. 27.1904
12878 Dec. 16,1925
10305 Dec. 16.1912
11772 June 11,1920
1,200,000
50,000
25, 000
25,000
50,000
50,000
3,000,000
40,000
25,000
25,000
100,000
161. 500
50,000
1,000
5594 Sept. 15,1900
6218 Mar. 14.1902
8458 Nov. 27,1906
9523 July 19.1909
12414 July 16,1923
Dec. 6,1915
12480 Nov. 24,1923
9941 Feb. 21,1911
11088 Oct. 6,1917
10371 Mar. 29,1913
5428 May 22,1900
1431 May 2,1865
4413 Aug. 26,1890
10788 Sept. '6,1915
11448 July 26,1919
8985 Jan. 2,1908
1785 Nov. 23,1870
12731 Jan. 28,1925
1465 June 26,1865
6897 July 20.1903
7041 Nov. 11,1903
3102 Dec. 20,1883
8104 Feb. 3,1906
9503 June 18,1909
50,000
30,000
25,000
25,000
200,000
40,000
200,000
25,000
25,000
25,000
25,000
69, 070
50,000
50,000
30,000
25,000
75, 000
100,000
100,000
50, 000
25, 000
50,000
25,000
50,000
210, 500
88,800
89,537
40, 750
123,000
35, 500
67,000
53,800
13, 250
12, 750
150, 900
959,000
308 732
33,' 500
11,700
65, 250
633, 625
71,000
910, 500
196, 250
105, 250
593, 500
83, 700
36,000
Mar. 15,1907
100, 000
237, 750
Sept. 4,1931
do
Sept. 8,1931
doSept. 10,1931
do
Sept. 11,1931
'.doSept. 12,1931
Sept. 14,1931
Sept. 16,1931
do
Sept. 18,1931
Sept. 19,1931
25,000
700,000
10,000
24, 640
49,700
150,000
25,000
20,000
25,000
20,000
25,000
do
Sept. 21,1931
Sept. 23,1931
do
do
Sept. 24,1931
Sept. 28,1931
200,000
do
30,000
do
35,000
do
25, 000
200,000 — _ do
40,000 Oct. 1,1931
200,000
.do.
40,000
_do25,000
.do..
25,000
-do75,000
150,000 Oct. 5,1931
] 00,000
do
50, 000 ..—do
—
30,000
do
50,000 — d o
125,000 Oct. 6,1931
50,000 — d o
do
-.
200,000
100, 000 —do
50,000 Oct. 7,1931
400, 000 — d o
• 60,000 Oct.
8,1931
50,000 — d o
125,000
25,000
700,000
10,000
24, 640
49, 700
150,000
25,000
Oct. 10,1931
42,770
895, 675
18, 356
11, 475
38,000
165, 225
67,868
40, 401
68,710
14,900
189, 786
60,643
12, 938
402, 500
316,254
7, 623, 905
98,743
59,025
274,677
1,164, 512
111, 174
163,379
333,809
1, 671, 786
57,987
202,458
1, 757,118
17,070
136,077
7, 647,325
43,611,807
524,655
84,135
247,338
893, 508
186,811
34, 220
6,070
34, 220
6,070
17,936
50,000
30,000
50,000
30,000
328,178
40,132
147, 360
30,000
34,095
12,137
196,820
147, 360
30,000
34,095
12,137
196,820
40,000
40,000
6,250
54, 635
148,080
50,000
6,250
54, 635
148, 080
50,000
28, 740
28, 740
388, 700
32,077
91,510
25,000
50,000
50,319
108,121
83,015
7,000
8,287
54, 242
451, 318
68,482
112,000
19,000
~74~280"
~74~280~
23, 320
99, 520
58,140
49, 400
23, 320
99, 520
58,140
49, 400
228,538
87,033
120,094
161, 226
10,000
482,691
80,918
44, 650
97,120
97,120
344, 299
2,720,900
123, 704
45, 452
476, 530
4,007,474
292,267
468,397
214,181
90,100
87,412
254, 782
2, 317,176
1,184, 725
548, 207
644, 766
477,839
1,219, 269
141,119
1,025,009
167,137
238,999
2, 299, 269
651,861
373, 559
1,
O
s
O
O
I
3
o
o
GO
O
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
First National Bank, Carterville, 111
National Bank of Fayette County, Uniontown, PaFirst National Bank, Carey, Ohio
Moshannon National Bank, Philipsburg, Pa
National Mohawk Valley Bank, Mohawk, N . Y...
Farmers National Bank, Leech burg, Pa
Maine Line National Bank, Wayne, Pa
First National Bank, Hastings, Nebr
First National Bank, Belington, W. Va
First National Bank, Fairview, W. Va
First National Bank, Deer Trail, Colo
First National Bank, Fort Stockton, Tex
....
First National Bank, Chase City, Va
First National Bank, Pollock, S. Dak
Citizens National Bank, Vandergrift, Pa
First National Bank, Auburn, Nebr
Farmers & Merchants National Bank, Webster,
S. Dak
—
Houston National Bank, Dothan, Ala
First National Bank, Stewartville, Minn
National Bank of Sidney, Sidney, Iowa
Gary National Bank, Gary, W. Va
First National Bank, Anawalt, W. Va
First National Bank, Bishop, Tex
First National Bank, Mathis, Tex
First National Bank, Yuma, Colo
First National Bank, Brunswick, Mo
First National Bank, Isanti, Minn
First National Bank in Versailles, M o .
West Side Atlas National Bank, Chicago, 111
First National Bank, Elizabethton, Tenn
Westmont National Bank, Westmont, N. J
First National Bank, Roxboro, N . C
First National Bank, Erie, 111
Belvidere National Bank, Belvidere, N . J
Total
dividends
paid during existence as a
national
banking
association
Charter
no.
Date
7889
681
6119
5066
1130
9290
12504
2528
6619
10219
11574
9848
9291
11237
7816
Aug. 10,1905
Dec. 19,1864
Jan. 23,1902
May 3,1897
Apr. 3,1865
Sept. 14,1908
Jan. 22,1924
May 23,1881
Feb. 4,1903
June 8,1912
Dec. 27,1919
Aug. 12,1910
June 23,1908
Aug. 27,1918
May 22,1905
May 12,1885
$50,000
65,000
50,000
50,000
150,000
50,000
50,000
60,000
30,000
30,000
25,000
25,000
50,000
25,000
50,000
50,000
$83,000
1, 663,900
54,000
417,000
555, 750
72,000
3,125
1,447,240
57,600
28,500
3,750
11,000
179,000
4,250
167,500
276,000
8559
7932
5330
5145
13505
10392
12612
11838
10093
4083
10554
13367
11009
9558
12519
11211
6951
1096
Oct.
Sept.
Apr.
Sept.
Dec.
May
Dec.
Aug.
Sept.
July
June
Aug.
May
Aug.
Mar.
July
July
Apr.
25,000
50,000
25,000
60,000
100,000
25,000
25,000
25,000
25,000
50,000
25,000
30,000
200,000
25,000
25,000
50,000
25,000
200,000
44,000
272,000
130, 500
181,100
27,1906
22,1905
11,1900
3,1898
3,1930
2.1913
10,1924
20,1920
2,1911
8,1889
1.1914
5,1929
5,1917
31,1909
11,1924
10,1918
28,1903
10,1865
Capital
91,000
9,000
3,750
79,800
88, 250
25, 750
168,000
114, 750
3,750
76,100
180, 500
1, 459,000
Failures
Lawful
moneydeposited
Circulation outstanding
at date
of failure
Oct. 10,1931
Oct. 12,1931
.do.
....do.
do
....do
do.
Oct. 13,1931
do
do
do
do— _do
do
—do
do
...
$50,000
200,000
24,460
148,320
96,940
48,800
$50,000
200,000
24,460
148,320
96,940
48,800
147,900
39,340
29,460
147,900
39,340
29,460
24,340
50,000
24,340
50,000
26,960
49,338
26, 960
49, 338
50,000 Oct. 15,1931
150,000
do
50,000 — . d o
60,000
.do.
100,000
do
50,000 . — d o
25,000
do
25,000 —do
40,000 Oct. 16,1931
50,000
.do.
25,000
do
30,000
do
200,000
do
75,000 Oct. 19,1931
25,000
do
-..
150,000
.do.
40,000
do
100,000
do
49,040
122, 737
24, 640
60,000
47,180
24, 640
49,040
122, 737
24, 640
60,000
47,180
24, 640
24,700
12,500
24, 700
30,000
196,820
50,000
24, 700
12, 500
24, 700
30,000
196, 820
50,000
38, 920
38, 920
Capital
$50,000
500,000
25,000
150,000
100,000
50,000
50,000
200,000
40,000
30,000
25,000
50,000
100,000
25,000
125,000
50,000
Receiver
appointed
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$62,000
1,107,500
10,000
95,750
174,828
19, 525
149,484
456,823
37, 246
10,000
21,700
50,300
179, 528
42,300
114,871
76, 902
209,895
10,000
44, 370
105,865
3,700
19,183
37,449
82, 276
36,041
24,850
434, 733
211, 774
13, 455
236,985
45,845
60,000
Total
deposits
at date of
failure
$287,441
8, 931,863
194,857
1,351,249
902, 789
584,676
641,322
1, 563,970
333, 548
285,431
45, 417
397, 674
468,100
116,184
1, 239,841
239,051
520,567
501,020
470,719
187,069
560,275
192,873
116,908
79, 941
114, 791
209, 239
200,036
228, 482
1, 350, 284
1,061,410
367,017
265,371
516,122
1,841,833
00
o
to
Lyon County National Bank, Rock Rapids, Iowa.First National Bank, Cowen, W.Va
First National Bank, Lake City, Iowa
First National Bank, Turkey, Tex
First National Bank, Baldwin Park, Calif
First National Bank, Doon, Iowa
First National Bank, Blockton, Iowa
City National Bank, Herrin, 111
Citizens National Bank, Prosperity, S. C
First National Bank, Newark, N. Y
First National Bank, Dexter, Mo
Exchange National Bank, Pittsburgh, Pa
Citizens National Bank, Kokomo, Ind
Commercial National Bank, Eufaula, Ala
First National Bank, Graceville, Fla
Wilcox National Bank, Wilcox, Pa
City National Bank, Paducah, Ky
First National Bank, Cardington, Ohio
Peoples National Bank, Blairstown, N. J...
First National Bank, North Rose, N. Y
National Bank of Albion, Albion, 111
Monongahela National Bank, Pittsburgh, Pa
First National Bank, New Windsor, Md
Citizens National Bank, Philippi, W. Va
First National Bank, Buchanan, Mich
First National Bank, Newburg, W. Va
First National Bank, Sycamore, 111
Security National Bank, Paducah, Tex
Citizens National Bank, Seward, Pa
Hutchings First National Bank, Siloam Springs,
Ark
_
First National Bank, Alliance, Nebr__
First National Bank, Somerfield, Pa_
Citizens National Bank, Sedalia, Mo
First National Bank, Hoquiam, Wash
First National Bank, St. Thomas, N. Dak
_
First National Bank, Buena Vista, Colo.9
First National Bank, Blytheville, Ark
First National Bank, Belle Fourche, S. Dak
First National Bank & Trust Co., Monessen, Pa._
First National Bank, Logansport, Ind
City National Bank & Trust Co., Corpus Christi,
Tex._
First National Bank, Sea Isle City, N. J...
Second National Bank, Morgantown, W. Va
Phoenix National Bank, Columbia, Tenn
First National Bank, Pharr, Tex
._.
First National Bank, Marceline, Mo
First National Bank, Noble, 111
American National Bank, Dayton, Tenn
Footnotes at end of table, p. 331.
7089
10559
4966
11138
10685
6764
8211
8670
12774
349
11320
1057
4121
5024
7423
12933
2093
127
9833
10016
13449
3874
747
6377
3925
7626
1896
12748
13011
75,000
Dec. 15,1903
25,000
May 19,1914
50,000
June 21,1894
25,000
Jan. 16,1918
25,000
Dec. 30,1914
25,000
Apr. 15.1903
25,000
May 3,1906
50,000
Apr. 24,1907
50, 000
May 29.1925
50,000
Mar. 2.1864
50,000
Mar. 7,1919
Apr. 8.1865 1, 000,000
100, 000
Feb. 22,1889
70,000
Sept. 3,1895
25,000
Sept. 26.1904
25,000
May 24.1926
200,000
Jan. 14,1873
50,000
Oct. 15.1863
50,000
July 2.1910
25,000
Apr. 7.1911
50,000
Apr. 4,1930
250,000
Apr. 9,1888
55,000
Dec. 24.1864
40,000
June 26,1902
50,000
Sept. 10.1888
25,000
Jan. 23.1925
50,000
Sept. 15,1871
50,000
May 8,1925
25,000
Oct. 18.1926
13506
4226
8901
1971
4427
4550
8735
11651
6561
5253
3084
Nov.
Dec.
Aug.
Aug.
Sept.
Mar.
May
Mar.
Dec.
Dee.
Oct.
29,1930
19.1889
10,1907
9,1872
22.1890
7,1891
13,1907
12,1920
8,1902
14,1899
3,1883
50,000
50,000
25,000
100,000
50,000
50,000
25,000
100,000
25,000
50,000
230,000
502,000
39, 750
759,000
1, 244, 000
49,000
45, 250
91,000
50,000
236,900
855, 200
12279
2458
7870
10169
7066
9527
7579
Mar.
Oct.
Feb.
Aug.
Mar.
Nov.
July
Jan.
18,1905
26,1922
11,1880
8,1905
21,1912
19,1903
19,1909
8,1901
50,000
25,000
60,000
200,000
25,000
25,000
25,000
25,000
261,350
20,500
405, 500
431,500
17,500
143, 750
17,875
180,000
224,000
147,875
19,955
44,800
102, 250
86, 261
75, 500
12,000
594,000
40,000
6, 643, 250
897, 825
422,800
73, 625
1, 299,382
432,400
40, 500
45, 000
2,000
4, 250,000
365, 235
136, 350
201,000
42, 000
628,909
22, 500
2,500
75,000 Oct. 20,1931
do
25,000
50,000 Oct. 22,1931
do
25,000
do
35, 000
do
50, 000
do__
25, 000
50,000 . . . . do
do__
50,000
150, 000 Oct. 23,1931
do _
50,000
do
750, 000
do
350,000
150,000 Oct. 27,1931
do
35,000
do
25, 000
300, 000 Oct. 28,1931
60,000 Oct. 29,1931
do
50,000
50,000
50,000
do
do _
1,000, 000
do
77,000
50,000 Oct. 30,1931
do
50,000
do
25,000
175,000 Oct. 31,1931
50,000 Nov. 2,1931
do
25,000
50,000
100,000
25,000
100,000
300,000
25,000
25,000
100,000
25,000
160,000
250,000
70,000
5,650
16, 707
93, 718
29,247
26,038
13,009
94, 350
36,926
150,000
55,500
1, 697, 301
263, 858
58,672
10,169
74, 280
74, 280
48,800
48,800
49,995
6,250
49, 280
49,995
6,250
49, 280
145, 920
50,000
742, 980
145,920
50,000
742,980
98,320
34,340
20,000
300,000
50,000
48,020
25,000
98, 320
34,340
20,000
300,000
60,000
48,020
25,000
386,860
53,440
39,400
48,740
24,460
175,000
386,860
53,440
39,400
48,740
24,460
175,000
69,000
116, 500
4, 784, 500
12,490
134,484
55,000
5,000
104,891
123,821
20,000
do
Nov. 3,1931
Nov. 5,1931
Nov. 6,1931
do
do
._
do
17,960
49,158
24,160
98, 258
294,000
25,000
9,520
17,960
49,158
24,160
98, 258
294,000
25,000
9,520
125, 400
579,106
15, 200
93, 200
31,592
29,000
do
do
do
N o v . 11,1931
5,320
143, 760
246,340
6,320
143, 760
246,340
167,408
87,980
230,440
23,380
77,780
120,560
24,160
14,820
24,700
23,920
230,440
23,380
77,780
120,560
24,160
14,820
24,700
23,920
407,638
52,183
446,876
198,776
35,008
29,500
34,100
139, 560
200,000 . d o . .
50,000
do
100,000 _. do
200,000
do
50,000 N o v . 12,1931
25,000 N o v . 13,1931
25,000 N o v . 14,1931
25,000
do
1,022,100
5,606
1, 065, 798
89,084
321, 573
41,461
231, 514
152, 699
118, 042
711, 721
167,497
2,060, 550
294,215
4, 264,123
2, 966, 246
139, 309
148, 401
243, 669
4,487,975
207,666
399,048
421, 713
560,349
8,857, 684
465, 232
651,330
499, £75
3
o
o
1, 387,452
386,856
70,141
364,474
1, 623,327
210, 795
1,925,817
1,800,002
174,052
98,048
166,331
503,421
2,401, 668
4,901, 206
1, 272,890
280, 248
1,944,326
433,137
161, 265
248, 829
151,753
456,719
o
oo
o
CO
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 81, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
First National Bank of Custer City, Custer, S.
Dak
First National Bank, Steamboat Springs, Colo
First National Bank, Frederic, Wis
First National Bank, Tilden, Nebr._
First National Bank, Laredo, Tex.i
Second National Bank, Brownsville, Pa.1
First National Bank, Houtzdale, Pa
First National Bank, Corinth, Miss
Second National Bank in Youngstown, Ohio 1
Norfolk National Bank, Norfolk, Nebr
First National Bank, Brighton, Colo
First National Bank & Trust Co., Woodbridge,
N.J—
First National Bank, Zillah, Wash...
First National Bank, Stanford, Mont
Twin Falls National Bank, Twin Falls, Idaho
Hopewell National Bank, Hope well, Pa
First National Bank in Gulfport, Miss
First National Bank, West Frankfort, 111
First National Bank, Christopher, 111
Ithaca National Bank, Ithaca, Mich
Citizens National Bank & Trust Co., Terre Haute,
Ind__First National Bank, Glen Campbell, Pa
Peoples National Bank, Lodi, Ohio
Citizens National Bank, Ellwood City, Pa
First National Bank, Geneva, Ohio
First National Bank, Washington, N. C
,___.
First National Bank, Chaffee, Mo
Nogales National Bank, Nogales, Ariz
First National Bank in Aberdeen, Wash
First National Bank, Twin Falls, Idaho
West Point National Bank, West Point, Nebr
First National Bank, Dougherty, Iowa
Charter
no.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
4448
6454
8491
9217
2486
2673
6695
9094
12332
3347
7577
Sept.
Sept.
Dec.
Aug.
June
Apr.
Mar.
Feb.
Feb.
May
Dec.
27,1890
12,1902
10,1906
3,1908
26,1880
11,1882
21,1903
27,1908
28,1923
13,1885
31,1904
$50,000
25,000
25,000
50,000
100,000
56,000
50,000
100,000
200,000
60,000
25,000
$27,500
39,750
46, 250
112, 250
493, 770
379, 675
329,500
206,000
54,000
406,000
125, 250
$25,000
25,000
25,000
50,000
250,000
125,000
125,000
100,000
200,000
100,000
40,000
Nov. 17,1931
..-do
.do.
do
Nov. 30,1931
_do..
—.do
do..
.—do
Dec. 2,1931
do
9576
10625
11274
9638
13553
7673
8260
6485
June
Sept.
Aug.
Oct.
Oct.
June
Feb.
May
Oct.
12,1906
30,1909
18,1914
28,1918
13,1909
5,1931
28,1905
12,1906
10,1902
25,000
25,000
35,000
150,000
25,000
400,000
25,000
25,000
25,000
93,097
56,000
37,100
4,500
25,250
98,000
196, 296
57,100
150,000
25,000
35,000
150,000
25,000
400, 000
25,000
60,000
25,000
— do
.—.do.
.-do..
do
Dec. 3,1931
.do.
Dec. 7,1931
do
do
13224
5204
10677
11570
153
4997
9928
11012
11751
7608
3340
5576
July
Apr.
Nov.
Dec.
June
Apr.
Jan.
May
May
Jan.
May
July
24,1928
8,1899
12,1914
19,1919
6,1863
11,1895
19,1911
15,1917
22,1920
14,1905
9,1885
30,1900
200,000
50,000
50,000
100, 000
60,000
50,000
25,000
50, 000
100,000
25,000
50,000
25,000
30,000
247,000
43, 500
59,000
229,000
269, 500
80, 250
47,000
54,500
241,000
293, 000
45, 750
200,000
100,000
50, 000
100,000
50, 000
100,000
50,000
50,000
150,000
100,000
50, 000
25,000
do
do
Dec. 8,1931
.do.
Dec. 9,1931
Dec. 11,1931
do
do
do
Dec. 12,1931
Dec. 14,1931
do
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Lawful
money
deposited
Circulation outstanding
at date
of failure
$10,000
24,700
20,000
110,520
$10,000
24,700
20,000
110,520
12,700
33,980
38, 720
100,000
24, 220
12,700
33,980
38,720
100,000
24,220
$10,944
44,302
73,635
24,465
160,000
130,104
150,000
299,058
202,835
42,798
50,000
100,000
6,250
100,000
6,250
200,000
35,055
49,280
17,500
246,100
24,998
58,200
25,000
49, 280
17,500
246,100
24,998
58,200
25,000
484, 213
40,000
46,500
98,620
36, 600
93,160
97, 660
39,040
48,860
97,660
98, 620
36,600
93,160
48, 680
97, 660
39,040
48,860
97,660
92,377
62,058
68,834
54,130
76,000
263,061
15,100
84, 507
133,656
131,953
49,998
12,500
49,998
12,500
56,032
38,473
Total
deposits
at date of
failure
$155,284
431,589
247,094
181,547
65,889
1,005,048
970,948
CO
3
o
K
3
856,635
232,031
1,543, 721
193,750
101,031
241, 348
222,415
3,050,178
965,518
841,288
521,939
1,146,413
368,881
597,358
491,828
255,718
410,584
1,452,512
907,985
646, 287
190,940
3
w
O
First National Bank, Sweetwater, Tex
First National Bank, Mullins, S. C
Federal National Bank, Boston, Mass
First National Bank, Starkweather, N. Dak
First National Bank, Momence, 111—First National Bank, Warsaw, N. C
Gillespie National Bank, Gillespie, 111
First National Bank, Mound City, 111
Commercial National Bank, Raleigh, N. C
First National Bank, Victorville, CalifJ
First National Bank, Chardon, Ohio
Macksburg National Bank, Macksburg, Iowa 1
Boston-Continental National Bank, Boston, Mass.
First National Bank, Louisburg, N. C
First National Bank, Brushton, N. Y
First National Bank, Venice, Calif
First National Bank, Idaho Springs, Colo
State National Bank in Lynn, Mass
First National Bank, Kingston, Tenn
Marion National Bank, Marion, Ohio.
First National Bank, Kelso, Wash
American National Bank & Trust Co., Benton
Harbor, Mich
First National Bank, Fredericktown, Ohio
First National Bank, White House Station, N. J..
First National Bank, Middleport, N. Y
First National Bank, Gasport, N. Y
National Bank of Seymour, Seymour, Iowa
Farmers & Merchants National Bank, Roseville,
111. i
Itasca National Bank, Itasca, Tex
First National Bank, Cambridge, Ill.i
Creighton National Bank, Creighton, Nebr
First National Bank, Lost Nation, Iowa
Farmers & Merchants National Bank, Enterprise,
Ala
First National Bank, Farmer, S. Dak
Walnut Park National Bank, Walnut Park, Calif.
National Bank of La Grange, La Grange, N. C
National Bank of Snow Hill, Snow Hill, N. C
First National Bank in Florence, S. C
Peoples National Bank, Burgettstown, Fa
Vandeventer National Bank," St. Louis, Mo
Bishopville National Bank, Bishopville, S. C
First National Bank, Yorba Linda, Calif
First National Bank, Ozark, Ark
Hammond National Bank & Trust Co., Hammond, Ind
First National Bank in Decatur, Ala
First National Bank in Hazard, Ky
Footnotes at end of table, p. 331.
5781
9876
12336
6397
7079
11767
7903
7443
9067
11005
4671
6852
11903
7554
9643
10233
2962
12362
12319
6308
8639
Apr.
Sept.
Mar.
May
Dec.
June
July
Sept.
Feb.
May
Dec.
May
Dec.
Jan.
Oct.
Jan.
May
Apr.
Nov.
June
Feb.
11.1901
25,000
19,1910
25,000
19,1923 1,500, 000
19.1902
25,000
14.1903
50,000
21,1920
50,000
24,1905
50,000
15.1904
25,000
15.1908
100,000
1,1917
25,000
14,1891
50,000
13,1902
25,000
21,1920
200,000
6,1905
25,000
25,000
20.1909
50,000
3,1912
50,000
19,1883
16,1923
200,000
28,1922
25,000
12,1902
200,000
1,1907
25,000
168, 250
100,000
40,000
50,000
410, 081 2, 005,585
48,000
25,000
106,500
50,000
16,500
50,000
102,000
75,000
49,000
25,000
770,000
600,000
14,750
25,000
205,000
100,000
19,000
25,000
152,750 1,000,000
62,500
50,000
33,750
25,000
7,359
50,000
292,500
50,000
65,000
200,000
7,500
25, 000
408,000
200,000
122,000
100,000
10143 Feb. 5,1912
5640 Nov. 22,1900
9061 Dec. 23,1907
9206 July 14,1908
10623 Sept. 19,1914
13495 Sept. 2,1930
100,000
25,000
30,000
25,000
25,000
25,000
339,000
23,750
56,100
70,000
31, 250
12926 Apr. 23,1926
5749 Mar. 15,1901
2540 June 17,1881
8797 June 27,1907
5402 M a y 2,1900
50,000
30, 000
50,000
25,000
25,000
5,000
155,400
247,145
24,750
50,850
10421
11456
12572
12633
12772
12799
13009
13270
10872
10905
12985
July
Aug.
Aug.
Jan.
June
June
Nov.
Dec.
May
Aug.
Aug.
2,1913
30,1919
6,1924
29,1925
13,1925
26,1925
8,1926
31,1928
16,1916
15,1916
23,1926
50,000
25,000
50,000
25,000
50,000
100,000
50,000
250,000
75,000
25,000
25,000
164, 500
8199
10336
13248
Apr. 2,1906
Feb. % 1913
Oct. 10,1928
100,000
100,000
100,000
361,096
262, 000
79, 500
14,000
50,000
18, 750
16,250
1,500
104,137
do
24,400
24,400
do
Dec. 15,1931 1,500, 000 1,500,000
6,500
6,500
Dec. 17,1931
24,760
24,760
do
do
Dec. 19,1931
75,000
75,000
do
10,000
10,000
do
171,000
171,000
do
24, 640
24,640
Dec. 22,1931
do
894, 520
do
894,520
do
49,460
49,460
Dec. 23,1931
23,620
23,620
do . _ 15,000
15,000
do
do
- Dec. 24,1931
12, 080
12, 500
do
196,100
196,100
Dec. 29,1931
24, 280
24, 280
do - .- 200,000
25, 000 Dec. 30,1931
do
.
30,000
25,000
do
do .
25, 000
25, 000
do
50, 000
60,000
50, 000
25, 000
40, 000
Dec.
Jan.
Jan.
Jan.
Jan.
31,1931
2,1932
8,1932
9,1932
11, 1932
150,000
do
25,000 . . do
do _ . .
100,000
25, 000
do
do
50,000
100, 000
do
50,000
do
250,000
do
75,000 Jan. 12,1932
do
25,000
25, 000 Jan. 13,1932
400,000 Jan. 18,1932
do
200, 000
100,000
do
197,420
25,000
14,700
24, 520
24, 640
197,420
25,000
14,700
24, 520
24,640
59,100
59,100
6,070
11,010
6,070
11,010
48, 620
48,620
384,460
200,000
384,460
200,000
1,665,386
20,041
55,000
12,519
181,817
19,840
1,098,741
45,155
50,000
19,099
1,145,060
588,864
177, 284
24,452,825
54,443
489,703
34,047
1,130,403
121,418
3,653,385
236,213
20,000
28,000
44,700
122,336
16,056
311,773
14,000
5,489,940
228,621
792,437
223,113
137,336
2, 061,948
67,022
1,009,200
432, 657
420,500
21,730
44,000
138,500
82,735
10,350
1,692,239
173, 275
630,864
379,498
150,444
152,991
99 000
56,776
196,991
42, 888
58, 508
138, 533
3
o
F
B
105,405
90,906
371,109
25,000
99,265
21,474
35,952
170,989
5,960
324, 532
46, 689
24, 845
19,261
384, 648
39,117
1,123, 550
42,481
84,313
820, 272
152, 670
1,196, 262
232,987
137, 405
90, 211
369,483
326,033
25,300
2, 569, 503
760, 770
625, 344
oo
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Farmers National Bank, Granville, N. Y
First National Bank, Osnabrock, N. Dak
National Bank of Sabetha, Sabetha, Kans
First National Bank, Durham, N. C.9
Home National Bank, Elgin, 111
Oskaloosa National Bank, Oskaloosa, Io\*a
Citizens National Bank, Long Branch, N. J .
Valparaiso National Bank, Valparaiso, Ind
First National Bank in Mount Olive, 111
Bozeman Waters First National Bank, Poseyville,
Ind
Corinth National Bank, Corinth, N. Y_
.__.
Citizens National Bank, Albion, N. Y
First National Bank, Harlem, Mont
National Bank of Adrian, Adrian, Mo
First National Bank, Woodward, Okla
Germantown National Bank, Germantown, N. Y
First National Bank, Iowa City, Iowa
First National Bank, Culver City, Calif
National Bank of Rensselaer, Rensselaer, N. Y —
Griggsville National Bank, Griggsville, 111
First National Bank, Arcadia, Fla..__
Nephi National Bank, Nephi, Utah
Elkin National Bank, Elkin, N. C
Ocean Grove National Bank, Ocean Grove, N. J .
Farmers National Bank, Pekin, 111
National Bank of Whitehall, Whitehall, N. Y..._
Anamosa National Bank, Anamosa, Iowa
_
First National Bank, Gary, Ind
Third National Bank, Pittsburgh, Pa.i
Fiist National Bank, Hiawatha, Kans
Trigg National Bank, Glasgow, Ky
Bell National Bank, Pineville, Ky
First National Bank, Columbus, Mont
First National Bank, Murfreesboro, Tenn
Charter
no.
Date
Capital
3154
7234
4626
3811
2016
2417
6038
6215
13452
Mar.
Apr.
Aug.
Sept.
July
Mar.
Nov.
Mar.
Apr.
20,1884
7,1904
28,1891
20,1887
3.1872
6,1879
20.1901
6,1902
2,1930
$50,000
25,000
60,000
100,000
100,000
50,000
100,000
100,000
50,000
13£03
6479
4998
7644
12413
5575
12242
18
11732
12773
2116
5534
8508
5673
5403
2287
Nov.
Oct.
May
Feb.
July
Sept.
Jan.
June
May
Dec.
June
June
Nov.
Dec.
Apr.
July
Sept.
Feb.
Oct.
Dec.
Nov.
June
Mar.
Mar.
Feb.
7,1930
13.1902
2,1895
9,1905
9.1923
4,1900
7,1922
12,1882
24,1920
2.1924
2.1873
15,1900
21,1906
19,1900
20,1900
19,1875
29,1906
4,1892
9,1906
30,1863
12,1881
25,1900
28,1904
27,1909
27,1869
50,000
25,000
50,000
25,000
25,000
25,000
50,000
100,000
25,000
100,000
50,000
30,000
50,000
25,000
25,000
50,000
50,000
50,000
25,000
300,000
50,000
50,000
25,000
25,000
100,000
8426
291
5486
7215
1692
Total
dividends
paid during existence as a
national
banking
association
$250,700
65,250
279,300
1,249,250
825, 500
444,500
437,000
337,000
121,100
400, 500
73,750
111, 350
4,500
457,000
17, 750
10,000
314, 500
179,000
56,000
95,500
162,025
543, 500
151, 500
204,000
582, 500
2,408,500
213,000
249,063
127,250
50,250
1,133,400
Failures
Lawful
money
deposited
Circulation outstanding
at date
of failure
$100,000 Jan. 18,1932
25,000 — .do
60,000
do.
600,000
do
150,000 Jan. 20,1932
100,000
do__
150,000
do
150,000
do
50,000
do
$97,540
24,815
59,280
600,000
114,100
$97,540
24,815
59,280
600,000
114,100
98,435
98,435
48,380
do
do
Jan. 21,1932
do
do
do
Jan. 22,1932
do
Jan. 23,1932
do
Jan. 26,1932
do
do__
do
48,680
19,460
49,280
6,010
48,680
19,460
49,280
6,010
49,460
9,520
98,020
95,260
49,460
9,520
98,020
95,260
12,500
69,280
42,740
24,700
24,040
95,800
47,900
98,740
244,240
415,220
54,220
71,880
95,980
24,640
86, 540
12,500
69,280
42, 740
24,700
24,040
95,800
47,900
98, 740
244,240
415, 220
54,220
71,880
195,980
24,640
86,540
Capital
50,000
35,000
200,000
25,000
25,000
50,000
50,000
100,000
100,000
100,000
50,000
100,000
50,000
50,000
100,000
100,000
100,000
100,000
250,000
500,000
55,000
75,000
100,000
25,000
200,000
Receiver
appointed
do
Jan. 27,1932
do
Jan. 28,1932
do
do
do
Jan. 29,1932
Feb. 1,1932
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$389,315
98,865
2,175,909
243,602
171,928
419,600
54, 745
50, 647
82, 937
56,000
30, 633
53,079
163,075
197,692
30,000
159,904
24,950
138,715
45,318
104, 248
345,139
75,000
285, 600
20,000
875,000
504,192
70,136
161,300
24,560
31,800
352,866
Total
deposits
at date of
failure
$1,173,449
94,147
503,713
3,673,443
1,284,871
1,382,759
1,478,736
653, 645
419,379
425, 207
1,555,411
3,190,726
173,041
43,671
402,464
295,459
880, 545
814,166
872,922
220,646
455,690
96,108
455,625
1,429,061
961,039
940,379
620,019
2,703,458
331,989
591,789
464,452
141,978
1,049,518
First National Bank, Harvey, 111
Cumberland National Bank, Fayetteville, N. C...
Peoples National Bank, Clinton, Mo
Hopedale National Bank, Hopedale, 111
._.
First National Bank, Palatine, 111
Washington National Bank in the City of Tacoma,
Tacoma, Wash
__
Middlesex National Bank, Lowell, Mass
First National Bank, Milton, Oreg
Coast National Bank, Seaside Heights, N. J
Point Pleasant Beach National Bank & Trust Co.,
Point Pleasant Beach, N . J
Olympia National Bank, Olympia, Wash
First Willapa Harbor National Bank, Raymond,
Wash.
Pikesville National Bank, Pikesville, Md
South Gate National Bank, South Gate, Calif
Peoples National Bank, Wellsville, Ohio
First National Bank, Monte Vista, Colo
First National Bank, Boswell, Pa
_.
First National Bank, Monterey Park, Calif
First National Bank, Victoria, Va
Joliet National Bank, Joliet, 111
Commercial National Bank, High Point, N. C.._.
National Bank of America at Gary, I n d . .
__.
First National Bank, Shelbyville, Ind_._
First National Bank, Brockway, Pa. 1
First National Bank in Brockway, Pa.i
Rockford National Bank, Rockford, 111
First National Bank, Mendota, 111
Mendota National Bank, Mendota, 111
Sedalia National Bank, Sedalia, Mo
National Bank of De Pere, De Pere, Wis
Wayne National Bank, Goldsboro, N. C
First National Bank, Pittsburg, Kans
_.
First National Bank, Cherokee, Kans
First National Bank, Newport Beach, Calif
Seaside National Bank, Long Beach, Calif
First National Bank, Craig, Colo
Craig National Bank, Craig, Colo
Pioneer National Bank, Waterloo, Iowa
Burnet National Bank, Burnet, Tex
John Weedman National Bank, Farmer City, 111..
First National Bank, Le Roy, Ill__
First National Bank, Foosland, 111
Citizens National Bank, Great Bend, Kans.
First National Bank, Sedro-Woolley, Wash
First National Bank, Renovo, Pa
First National Bank, Hornell, N. Y
First National Bank, Pitcairn, Pa
Footnotes at end of table, p. 331.
8667
13168
8509
9398
11934
Mar.
Jan.
Dec.
Apr.
Jan.
11,1907
12,1928
31,1906
1,1909
25,1921
50,000
150,000
50,000
50,000
25,000
118, 250
36,000
76,000
85, 250
16,500
do
__.
100, 000
do
150,000
50, 000 Feb. 2,1932
do
50,000
do
50,000
12667
12343
9201
12354
Dec.
Mar.
June
Mar.
27,1924
30,1923
6,1908
17,1923
200,000
200,000
50,000
25,000
103,000
120,000
do
200,000
3,1932
200,000 Feb.
do
50,000
do
25,000
13215 May 1,1928
5652 Nov. 10,1900
100,000
50,000
313, 500
100,000
125,000
Mar.
July
Aug.
June
Apr.
Jan.
Nov.
Apr.
Oct.
Mar.
Dec.
May
June
July
Mar.
Feb.
July
July
Oct.
Sept.
Feb.
June
Jan.
Aug.
May
June
Apr.
Sept.
Oct.
Jan.
Jan.
Jan.
Aug.
July
Nov.
May
100,000
25,000
50,000
100,000
25,000
30,000
25,000
25,000
100,000
50,000
100,000
65,000
35,000
65,000
100,000
65,000
50,000
100,000
50,000
325,000
50,000
25,000
25,000
300,000
25,000
25,000
100,000
25, 000
50, 000
50,000
25, 000
50,000
25,000
50, 000
50,000
25,000
11672
8867
12807
6345
7228
6603
12061
12183
4520
4568
11094
1263
5497
13566
1816
1177
5086
4392
6469
10614
3463
5447
10702
12819
10558
10560
5120
6966
3407
6586
11299
5705
7908
3763
262
5848
23,1920
23,1907
3,1925
27.1902
8,1904
8,1903
3,1921
14,1922
29.1890
23.1891
11,1916
2,1865
23,1900
29,1931
8,1871
13,1865
14.1897
10,1890
6,1902
11,1914
8,1886
16.1900
8,1915
29,1925
28,1914
6,1914
12.1898
15.1903
26,1885
10,1903
10,1919
31.1901
31,1905
16,1887
21,1863
20,1901
.do-.
.do..
54,000
100,000 ..—do
49,200
6,1932
40,000 Feb.
50,000 .—do.
2,000
223,500
do
100,000
132,930
50,000 Feb. 8,1932
30,000 Feb. 9,1932
95,400
25,000
do
22,000
25,000
6,000
do.
1,084,500
700,000 Feb. 10,1932
1, 402,000 1,000,000
do.
127, 500
do.
150,000
862, 750
do
100,000
35, 000 Feb. 11,1932
144,800
65,000
do.
2,044, 000
750,000 Feb. 12,1932
762,856
100, 000
do
234, 500
100,000
do
267,500
100,000 Feb. 15,1932
205,000
100,000 Feb. 16,1932
461, 500
325, 000 Feb. 17,1932
356, 785
100,000
.do.
92,911
25,000
_do_.
15, 500
25,000
_do_.
300,000
_do25,000 Feb. 18,1932
31,000
25,000
29,250
do
200,000
692, 900
do
30,000
75,900
.do.
75,000 Feb. 19,1932
363, 320
50,000
116,000
.do
25,000
2,750
.do
50,000 Feb. 20,1932
166,300
25, 000 Feb. 23,1932
23, 000
50,000 Feb. 26,1932
248, 500
300,000 Feb. 27,1932
1,179, 723
100,000
M a r . 2,1932
226,125
48,800
48,800
112,970
304,652
49,280
23,980
15,000
49,280
23,980
15,000
20,434
33,191
879,016
1,046,755
281,040
112,748
128,593
191,960
176,960
191,960
198,560
125,865
114,210
43,002
91,999
975,755
4,842,072
479,662
202,108
94,900
94,900
230,274
130,780
228,721
1,828,063
48,860
6,250
48,860
6,250
97, 780
23,920
29,397
25,000
25,000
97,180
474,140
93, 220
69,280
97,780
23,920
29,397
25,000
25,000
97,180
474,140
99,100
69,280
60,250
75,000
35,000
192,110
67,419
70,815
957,619
853,133
440,249
578,054
148, 271
625,303
411, 215
259,249
3,512,518
3,892,564
882,274
496,588
199,980
48,800
11,320
100, 000
100,000
177,320
96,337
23,980
199,980
48,800
12,320
100,000
100,000
177,320
96,337
23,980
97,900
97,900
196,940
29,037
71,280
48, 560
196,940
29,037
71, 280
48, 560
49,340
49, 340
12,200
98, 080
23,860
"I2~266"
98,080
23,860
62,173
1,035,956
2, 307,509
136,115
91,146
102,858
598,755
601,501
50,980
73,625
70,000
27, 000
513,675
86, 755
9,873
18,875
175,577
27,000
64,239
842,904
19,000
40, 262
72,143
7,250
65,611
727,051
69,500
4,450,746
438,364
696, 739
472,862
612,864
1,538,103
1,425,067
148,625
197,349
975,185
182,499
240,772
1, 874, 209
48,946
354,993
183,331
121,462
287, 205
318,286
885,193
1,661.589
803, 720
3
3
g
I
w
M
o
d
225
o
o
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Peoples National Bank, Pitcairn, Pa
First National Bank, Trafford, Pa
First National Bank, Champaign. Ill A
First National Bank, Bardwell, Ky
First National Bank, Hamilton, 111
First National Bank, Arlington, Ga
First National Bank, Hartwell, Ga 1
City National Bank, Knoxville, Tenn.
First National Bank, Alexis, 111.1..
_
Citizens National Bank, Kendallville, Ind
First National Bank of Bay Point, Port Chicago,
Calif
First National Bank, Alva, Okla
Security National Bank, Fairfield, Idaho
National Bank of Commerce, Garnett, Kans
Merchants National Bank, Brownsville, Tex
Merchants National Bank, Defiance, l Ohio i
First National Bank, Defiance, Ohio 19
First National Bank, Lonaconing, Md.
First National Bank, Fairfax, OklaFirst National Bank, Nebo, 111.3
First National Bank, Glasgow, Ky
._
Forest City National Bank, Rockford, 111
First National Bank, Highland, Kans..
First National Bank, Albion, 111.1
Albion National Bank, Albion, 111.1
Coggin National Bank, Brownwood,
Tex.19
First National Bank, Roscoe, Tex.1»
__
Bayard National Bank, Bayard, W. Va
First National Bank in Driggs, Idaho
First National Bank, Lafayette, Colo
Citizens National Bank & Trust Co.,
Hornell, N.Y_
National City Bank, Tampa, Fla.1.
Douglass National Bank of Chicago, Chicago, I1L_
United States National Bank, La Grande, Oreg.1..
Charter
no.
Date
Capital
11892
6962
913
8331
9883
8314
11695
3837
4967
12532
Dec.
May
Jan.
May
Oct.
July
Mar.
Jan.
May
Feb.
1.1920
11,1903
30,1865
19,1906
10,1910
16,1906
17,1920
12,1888
18,1894
28,1924
$75,000
50,000
65,000
25,000
50,000
30,000
50,000
100,000
50,000
80,000
11561
5587
11884
5292
7002
2516
4661
7732
7972
10492
4819
4325
9136
8429
9025
9812
12899
11664
13267
8909
2522
10958
12227
9314
Dec.
Sept.
Nov.
Apr.
Oct.
Apr.
Nov.
Apr.
Oct.
Jan.
Nov.
Apr.
Apr.
Oct.
Sept.
June
Feb.
Feb.
Dec.
Sept.
Mar.
Feb.
Nov.
Dec.
19.1919
18,1900
12.1920
3,1900
1,1903
7,1881
11,1891
27,1905
27.1905
28,1914
5,1892
8,1890
11,1908
17.1906
11.1907
9,1910
15,1926
23,1920
21,1928
21,1907
12,1881
21,1917
4.1921
9,1908
25,000
25,000
25,000
25,000
100,000
100, 000
150,000
25,000
25,000
25,000
50,000
100,000
25,000
50,000
25,000
100,000
25,000
25,000
25,000
25,000
125,000
300,000
200,000
100,000
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
$75, 000
$18,000
30,000
18,900
300,000
1,307,150
25,000
90, 750
50,000
49, 750
30,000
38,700
75,000
28, 000
1,845,000 1, 000, 000
50,000
96, 750
80,000
6,400
1,500
206, 250
10,000
123,375
655,000
244, 000
376,125
60,000
114,375
31,700
186,500
774,000
48,200
2,000
99,250
154,000
2,468
2,500
6,000
385,584
488,000
39,000
672,400
25,000
50,000
25,000
25,000
250,000
100,000
100,000
25,000
25,000
40,000
50,000
300,000
25,000
50,000
50,000
100, 000
25,000
25,000
25,000
25, 000
125, 000
500,000
250,000
100,000
Receiver
appointed
CirculaLawful tion outmoney standing
deposited at date
of failure
M a r . 2,1932
.-..do
-.
Mar. 4,1932
do
do.
M a r . 8,1932
$23,800
28,860
94,720
23,440
49, 580
9,460
$23,800
28,860
94,720
23, 440
49, 580
9,460
.....do
Mar. 9,1932
Mar. 15,1932
Mar. 16,1932
75,440
"75,446
400,000
Mar. 18,1932
—do..
M a r . 19,1932
M a r . 25,1932
Mar. 28,1932
Apr. 11,1932
do
do.
Apr. 12,1932
do
Apr. 15,1932
Apr. 19,1932
Apr. 26,1932
Apr. 27,1932
..do-
24,700
24,700
24,700
249,997
24,700
249,997
ll, 960
38,980
50,000
198,620
6,250
11,960
38,980
50,000
198,620
6,250
25,000
25,000
24,520
98,315
25, 000
98,315
do—
.—.do
Apr.
May
May
May
May
May
May
28,1932
3,1932
9,1932
10,1932
20,1932
21,1932
23,1932
"238," 540' "238," 540'
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
$116, 781
55,500
810,100
47,500
25,800
24,577
74,476
3,392,874
49,756
65,000
$383,801
466,618
4,174, 258
229, 720
197,228
79,989
100,312
25,000
182,449
11,256
43,886
719,457
100,000
100,000
88,461
112,675
340,758
81,797
300,484
2, 786,273
75,000
180,000
39,227
140, 814
151,226
100,000
14,186
29, 554
62,028
17, 000
976,609
525,900
109,683
50, 000
CO
8
8
H
a
o
434,087
266,849
154,197
292,506
2,005,242
96,520
144,340
84,525
111, 560
1,518,460
"""419,"689
224,313
w
First National Bank, South Glens Falls, N. Y
Hancock National Bank, Sparta, Ga
United States National Bank, Iron Mountain,
Mich
Citizens National Bank, Salmon, Idaho
First National Bank, Hartington, Nebr_
First National Bank, Crofton, Nebr
Baraga County National Bank, L'Anse, Mich
Liberty National Bank, Waco, Tex.i
_.
First National Bank, Beverly Hills, Calif. __
National Bank of Rolla, Rolla, Mo
First National Bank, Jayton, Tex__
Washington National Bank, New York, N. Y.L__.
First National Bank, Sutersville, Pa
First National Bank, Rock Falls, 111
Leominster National Bank, Leominster, Mass
First National Bank, Sheffield, Iowa
Henderson National Bank, Henderson, Ky
New Jersey National Bank & Trust Co., Newark,
N. J
Holston National Bank, Elizabethton, Tenn.i
Alliance National Bank of Chicago, Chicago, 111...
First National Bank, Arlington, Nebr
First National Bank, Whitesburg, Ky
First National Bank, Etowah, Tenn
Bowmanville National Bank of Chicago, Chicago,
First National Bank, Oneida, 111
Boonville National Bank, Boonville, Mo
'..,
Hurley National Bank, Hurley, Wis
First American National Bank & Trust Co.,
Berwyn, 111
_
Columbia National Bank, Columbia Heights,
Minn
San Bernardino National Bank, San Bernardino,
Calif
Jefferson Park National Bank of Chicago, Chicago,
5851 Apr. 24,1901
12317 Feb. 2,1923
25,000
25,000
62,000
14,500
25,000
25,000
May 24,1932
do._
25,000
25,000
25,000
25,000
29,400
74,729
428, 557
148,523
11929
9432
4528
8186
9509
11140
11461
1865
9845
13360
6270
6998
3204
12430
1615
Jan.
Apr.
Feb.
Feb.
July
Jan.
July
Aug.
Aug.
May
Mar.
Sept.
Apr.
Aug.
Nov.
15.1921
27,1909
13,1891
16,1905
21.1909
24,1918
7,1919
1,1871
3,1910
23,1929
20,1902
1,1903
9,1884
7,1923
21,1865
100.030
60,000
50,000
25.000
25,000
300,000
30,000
100,000
40,000
500,000
25,000
25,000
150,000
40,000
100,000
58, 500
104,000
259,900
32, 750
51,000
339,000
457, 725
293,350
64,000
100,000
100,000
60.000
25.000
50.000
300,000
450,000
50,000
40,000
500,000
25,000
50,000
150,000
40,000
200,000
do _ .
May 25,1932
June 1,1932
do
June 2,1932
June 3,1932
June 7,1932
June 8,1932
do _
June 10,1932
do
.
do
June 11,1932
.
do - . .
100,000
96,160
49,820
25,000
6,250
100,000
96.160
49,820
25,000
6,250
463,480
381,689
231,343
97,201
404,956
400,000
49,340
9,400
400,000
49,340
9,400
94,455
150,726
129,131
66,261
108,947
300,000
1.011,964
148,174
62,942
25,000
24,460
144,000
39.700
24,460
144,000
39,700
25,666
27,000
66,780
261,186
48,550
236,900
9912
10976
12001
4583
10433
9162
Nov.
Mar.
July
May
July
Feb.
17,1910
6,1917
22,1921
26,1891
14.1913
27,1908
200,000
25,000
200,000
50,000
25,000
25,000
10237
10752
10915
11594
July
June
Oct.
Jan.
25,1912
5,1915
24,1916
30.1920
50,000
35,000
75,000
50,000
12426 July 31,1923
100.000
13114 July
53,500
53,250
465,000
23,200
966,000
do
1,472, 582 2,800.000
do.
52,000
50,000 June 14,1932
153, 500
200,000 June 15,1932
44.000
25.000 June 17,1932
do
105,500
50,000
72,500
50,000 June 21,1932
314,500
30,450
131,250
66,000
300,000
35,000
200,000
50,000
do
do
do
175,000
do
25,000
do
do
. .
do
25,000
6,250
Oct. 17,1887
100,000
852,000
100,000
10108 Oct. 5.1911
National Bank of Milton, Milton, Iowa
10243 Aug. 9.1912
Jackson Park National Bank of Chicago, Chicago,
12391 May 25,1923
111.
Standard National Bank of Chicago, Chicago, 111.. 13372 Aug. 26,1929
10215 Apr. 30,1912
Ravens wood National Bank, Ravenswood, 111
10828 Feb. 3,1916
First National Bank, Wilmette, 111
National Bank of Woodlawn of Chicago, Chicago, 11980 May 5,1921
50,000
25,000
289,500
40,750
300,000 J u t e 25,1932
25,000 . . . do _--
200,000
300,000
50,000
50,000
300,000
108, 500
119,500
114, 000
3818
794 Jan. 2,1865
First National Bank, Martinville, Ind
11130 Jan. 7,1918
First National Bank, Mesa, Ariz
Midland National Bank of Chicago, Chicago, 111. 13036 Jan. 18,1927
Footnotes at end of table, p. 331.
100, 000
100, 000
200, 000
32,000
706,788
33, 000
do
26,600
1,026,600
147,720
24,997
50,000
49,580
5,703,466
297,448
782,826
30,221
56,350
155,297
7,946,632
147,720
24,997
50,000
49,580
35,000
24, 760
175,000
50,000
35,000
25,000
175,000
50,000
605,117
27,487
255,392
132,951
1,668,737
95,768
673,634
413,811
...
6,1927
5,197,831
505,612
117,600
49,533
366,351
357,803
1,366,833
250,030
1,032,681
688,242
86,685
499,860
380,606
167,626
523,530
92,200
212,519
99,100
99.100
187,100
1,188,300
74,400
7,000
74,400
7,000
632,314
6,132
336,694
30,000
21,939
57, 560
407, 760
1,141,839
77,414
736, 519
232,536
507,939
895,084
1, 344,928
177, 234
55,840
192,679
762, 539
376,468
439, 793
...
200,000
300, 000
200,000
150,000
300, 000
do.
. . do _ .
100,000
100,000
100, 000
100, 000
250, 000
June 27,1932
do
do.
99,700
100, 000
99, 700
100, 000
do
do
'TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
States to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money and total deposits at date of failure—Continued
Total
dividends
paid during existence as a
national
banking
association
Organization
Name and location of bank
South Ashland National Bank of C h i c a g o ,
Chicago, 111.
Peoples National Bank & Trust Co. of Chicago,
Chicago, 111
First National Bank, Maquoketa, Iowa
First National Bank, Thompson, Iowa
First National Bank, Gardener, 111
West Hollywood First National Bank, W e s t
Hollywood Calif
Guernsey National Bank, Cambridge, Ohio i
First National Bank, Willoughby, Ohio i
First National Bank, Spartanburg, S. C
Hyde Park-Kenwood National Bank of Chicago,
Chicago, 111
First National Bank, Tyndall, S. Dak
First National Bank in Kerman, Calif...
._..
Farmers National Bank in Vinton, Iowa__
_.
First National Bank, Davidsville, Pa
First National Bank, Riverside, 111
State National Bank, in Terrell, Tex
First National Bank, Waynesboro, Miss
First National Bank in Aurora, 111
First National Bank & Trust Co., Chicago Heights,
111
First National Bank, Burns, Oreg
State National Bank, Iowa Falls, Iowa
Pulaski National Bank, Pulaski, N. Y
First National Bank, Jenkins, Ky
Ross County National Bank, Chillicothe, Ohio—.
Consolidated National Bank, Dubuque, Iowa
Peoples National Bank & Trust Co., Sullivan, Ind.
Commercial National Bank, Waterloo, Iowa
Clearfield National Bank, Clearfield, Pa
First National Bank, Enterprise, Ala 1
First National Bank, Artesia, Calif
Charter
no.
Capital
Receiver
appointed
$200, 000
$200,000 June 27,1932
2,1929
20,1865
21,1896
21,1909
1,000, 000
50, 000
50, 000
25, 000
$492, 000 1,000, 000 — - d o
50,000 June 28,1932
414, 250
50,000
208, 500
do
25,000
39, 750
do
13253 Nov. 2,1928
13311 Apr.
999 Feb.
5054 Dec.
9406 Apr.
Failures
11025
1942
11994
1848
13235
June
Jan.
Apr.
June
Aug.
21,1917
16,1872
26,1921
5,1871
1,1928
25, 000
100,000
100, 000
60, 000
500, 000
69, 625
241,000
36, 500
1, 548,800
240, 000
6792
12584
13263
11407
12386
13287
13413
13655
May
Aug.
Nov.
June
Apr.
Feb.
Dec.
July
6,1903
26,1924
23.1928
19,1919
6,1923
28.1929
30,1929
28,1931
25, 000
25, 000
75, 000
25,000
50, 000
100, 000
25, 000
200, 000
91, 277
5876
6295
7521
1496
10062
1172
2327
5392
2910
4836
6319
8063
June
May
Aug.
July
June
May
Jan.
May
Mar.
Dec.
June
Jan.
11.1901
31.1902
20,1904
3,1865
29,1911
9,1865
31,1876
21,1900
16,1883
20,1S92
21,1902
4,1908
50, 000
25, 000
50, 000
50, 000
50, 000
100, 000
100,000
100,000
50, 000
100, 000
50. 000
25, 000
75, 000
50,000
100, 000
500, 000
600,000
.....do
June 29,1932
do.-----June 30,1932
July 1,1932
40,000 July 2,1932
do
25,000
75,000
do_ — —
25,000 July 6,1932
50, 000
do.
100,000 .—-do
do
25,000
do
200, 000
200,000
50,000
50,000
75, 000
75,000
150,000
500, 000
150, 000
400,000
200, 000
100, 000
50,000
July 7,1932
do
do.
July 11,1932
July 12,1932
July 14,1932
do
July 15,1932
July 18,1932
do
do
do
Lawful
money
deposited
$27,320
49, 340
24, 760
Circulation outstanding
at date
of failure
$27, 320
50,000
24, 700
299,997
299,997
25, 000
25,000
25,000
49,280
25, 000
49, 280
198, 200
198,200
40, 000
50,000
49,460
50, 000
50, 000
49,460
72, 600
149,100
49,700
97,660
73,800
149,100
49, 700
97,660
197, 600
197,600
"~25,~666~
~~25~666~
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
$20, 000
$94, 732
2, 061, 344
166,119
59,897
54, 431
3, 729,097
523,112
146, 345
130,878
41,800
51,604
1, 073, 390
989,617
729,450
182,886
2,023,106
3,133, 265
81,400
63,962
119, 322
12,800
46, 288
66,486
105,609
299,558
302, 752
177,823
584,961
119, 415
227,890
145,041
462,294
2, 602,460
325,879
148,699
30,155
222,000
64,395
298, 520
921,350
206,382
717,150
284,245
374,176
69,723
912,123
128,123
385,585
1,480,573
217,587
1,054,436
3,495,517
1,165,325
4,531,689
556,907
~~166,~948
CO
I—L
O
Whitley National Bank, Corbin, Ky
City National Bank, Sumter, S. C.1
Farmers National Bank, Wewoka, Okla
First National Bank, Thomasville, Ga
First National Bank, Sylacauga, Ala 1
Producers National Bank, Tulsa, Okla.
Monroe National Bank, Monroe, N. Y
Spencer National Bank, Spencer, Ind
First National Bank, Leland, 111
Buchanan County National Bank, Independence,
Iowa__First National Bank in Sioux Rapids, Iowa
First National Bank, Adams, Minn
First National Bank, Northwood, Iowa
Boise City National Bank, Boise, Idaho___.
First National Bank, Gulfport, Miss.1
First National Bank, Eldora, Iowa
First National Bank, Ackley, Iowa
First National Bank, Milton, N. 1Dak
First National Bank, Aurora, 111.
First National Bank, Mount Olive, 111.1
First National
Bank & Trust Co. in Pontiac,
Mich.1
National Bank of Unionville, Unionville, Mo
First National Bank, Sevierville, Tenn
First National Bank, Silverton, Oreg
First National Bank, Indianola, Iowa.
First National Bank, Lawrenceville, 111
Twin City National Bank, Bluefield, Va2
-...
First National Bank, George West, Tex.
First National Bank, Marengo, 111
Broadway
National Bank of Chicago, Chicago,
1
in.
Citizens National Bank, Indiana, Pa
Parma National Bank, Parma, Idaho
First National Bank, Northboro, Iowa
First National Bank, Yukon, Pa
Ashland National Bank, Ashland, Ky.11
American National Bank, Gillespie, 111.
Springfield National Bank, Springfield, Pa
First National Bank, Cairnbrook, Pa
First National Bank, Wendell, Minn
First National Bank, Peetz, Colo
First National Bank, Emporium, Pa._
First National Bank, Frazee, Minn
First National Bank, Letcher, S. Dak
Central National Bank, Decatur, Ala.1
Brown National Bank, Jackson, Minn
Citizens National Bank, Wessington, S. Dak
First National Bank, Vincennes, Ind
Andalusia National Bank, Andalusia, Ala
Footnotes at end of table p. 331.
9334
10129
8052
3767
7451
12042
7563
9715
7864
Dec.
Jan.
Jan.
July
Oct.
Nov.
Nov.
Mar.
July
22.1909
10, 1912
10, 1906
20,1887
10,1904
14, 1021
19.1904
17.1910
15.1905
25, 000
150, 000
25, 000
100,000
30, 000
250, 000
25, 000
50, 000
30,000
44, 250
189,000
92, 750
300, 500
91, 132
72, 500
51,250
95, 000
47, 400
25, COO
150, 000
25, 000
100, 000
50, 000
250, 000
50, 000
50, 000
30, 000
___ do
July 21,1932
July 22,1932
July 27,1932
do
do
July 28,1932
Julv 30, 1932
Aug. 1,1932
13188
13400
8059
8373
3471
6188
5140
8762
6518
38
7350
Mar.
Nov.
Jan.
Aug.
Mar.
Feb.
Aug.
May
Oct.
June
July
15,1928
8,1929
11.1906
20.1906
9,1886
1.1902
22,1898
30.1907
25,1902
20,1863
15.1904
125, 000
50,000
25,000
50, 000
50,000
100, 000
50, 000
50, 000
25, 000
50, 000
25, 000
72, 075
77, 750
793,500
595, 750
265, 000
116,000
38, 250
1, 370,925
115, 200
125, 000
50, 000
30, 000
50, 000
375, 000
400, 000
50, 000
50, 000
25, 000
300, 000
70, 000
do
do
Aug. 8,1932
._ do
Aug. 9,1932
do
Aug. 10,1932
do
Aug. 11,1932
Aug. 12,1932
do
12288
13268
12440
11106
1811
5385
7782
12919
1870
Dec.
Dec.
Sept.
Nov.
Nov.
May
May
Mar.
Aug.
15,1922
12,1928
1,1923
21,1917
15.1870
4,1900
13.1905
30.1926
8,1871
200, 000
40, 000
60,000
35. 000
50, 000
25, 000
25, 000
50, 000
50, 000
446, 000
600, 000
40, 000
60, 000
35, 000
50, 000
100, 000
50,000
50, 000
50, 000
do
Aug. 13,1932
do
Aug. 15,1932
Aug. 20,1932
Aug. 22,1932
do
Aug. 24,1932
Aug. 29,1932
;__. 12323 Nov. 25,1922
200,000
50, 000
25,000
25,000
30,000
300,000
50, 000
50,000
25, 000
25, 000
25, 000
50,000
25, 000
25,000
100, 000
40, 000
30,000
100, 000
200, 000
67, 000
28,750
11, 500
88, 250
600
1, 788,100
35, 000
200, 000
50, 000
25, 000
25, 000
30, 000
800,000
50,000
50, 000
25, 000
50, 000
25, 000
Sept 7 1932
Sept. 12,1932
do
Sept. 16,1932
Sept. 20,1932
Sept. 22,1932
_ _ do
do
Sept. 23,1932
do
Sept. 24,1932
... do
Sept. 26,1932
Sept. 27,1932
Oct. 1,1932
Oct. 3,1932
do
do
Oct. 5,1932
7993
11556
9015
12808
2010
12314
_.
13031
10704
10898
11523
3255
7024
9188
10423
7797
12888
1873
11955
Nov.
Oct.
Jan.
Aug.
June
Feb.
Jan.
Nov.
Aug.
Oct.
Sept.
Oct.
May
July
May
Feb.
July
Apr.
27,1905
11,1919
17.1908
8.1925
22,1872
2,1923
12.1927
21,1914
19,1916
27,1919
23,1884
2.1903
25,1908
10,1913
17,1905
8.1926
15.1871
9,1921
22, 200
38, 500
272, 000
23, 750
7,500
338, 000
395, 000
12, 500
3,750
428,000
96, 700
48,750
154
@FedFRASER