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SEVENTY-FIFTH ANNUAL REPORT
OF THE
Comptroller of the Currency
COVERING THE YEAR ENDED
r sale b y t h e S u p e r i n t e n d e n t of
Digitized forF o FRASER
OCTOBER 31, 1937
J. F. T. O'CONNOR
Comptroller of the Currency
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1938
Documents, Washington, D. C.
- - - - - - - - - - - -
P r i c e $ 1.50
(cloth)
TREASURY DEPARTMENT
Document No. 3091
Comptroller of the Currency
CONTENTS
Introduction*.
Submission of the report
Active national banks
All active banks
Insolvent banks
Federal Deposit Insurance Corporation
National charters issued
Retirement system for national-bank examiners, etc
Legal Division
Suggestions for legislation
Major personnel changes
Assay Commission
Summary of activities of the Bureau, 1933-37
National banks in the trust field:
Statement relative to
Fiduciary activities of, during year ended June 30, 1937, segregated
according to capital
Fiduciary activities of, during year ended June 30, 1937, segregated
according to population of places in which banks were located
Fiduciary activities of, by Federal Reserve districts, June 30, 1937
Classification of investments in living and court trust accounts under
administration by the active national-bank trust departments, on
June 30, 1937, segregated according to capital of banks and population of places in which banks were located
Classification of investments in living and court trust accounts under
administration by the active national-bank branches with trust
departments, on June 30, 1937, segregated according to population
of places in which branches were located
Fiduciary activities of national-bank branches with trust departments
during year ended June 30, 1937, segregated according to population
of places in which branches were located
.
National bank failures:
Statement relative to
Annual liquidation costs incident to, 1933 to 1937
Real estate auction sales incident to
Receiverships, year ended October 31, 1937
Receiverships, 1865-1937
Number and deposits of, grouped according to percentage of dividends
paid, 1865-1937
Active receiverships as of October 31, 1937
Receiverships terminated, year ended October 31, 1937
Receiverships terminated, 1865-1937
Total liquidation operations, year ended October 31, 1937
Summary showing progress and results of liquidation of all national
banks placed in charge of receivers from 1865 to October 31, 1937. _
Capital, date of appointment of receiver, and percent of dividends
paid by insolvent national banks, etc., the affairs of which were
closed or restored to solvency during year ended October 31, 1937-Unlicensed national banks:
Summary relative to administration of banks which were unlicensed
March 16, 1933
Organization and liquidation of national banks, year ended October 31,
1937, and since establishment of system
Branches of national banks:
Statement relative to
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, 1937
in
Page
1
1
6
7
12
14
14
14
15
16
16
17
25
27
28
32
33
34
34
37
38
40
41
42
44
45
46
47
49
50
52
62
66
68
69
IV
CONTENTS
Branches of national banks—Continued.
Page
Number and kind of branches authorized and closed during year ended
October 31, 1937
69
Number and manner of acquisition of domestic branches during year
ended October 31, 1937, by States
70
Number and class of domestic branches closed during year ended
October 31, 1937, by States
71
National bank circulation:
Statement relative to
72
Statement of capital stock of national banks, national bank notes,
and Federal Reserve bank notes (old series) outstanding, etc., July
1, 1937
73
Redemption of national and Federal Reserve bank circulation, year ended
June 30, 1937
74
Condition of national banks at date of each call during year ended October
31, 1937
74
Principal items of assets and liabilities of national banks, June 30, 1937,
by States
76
National bank liabilities on account of bills payable and rediscounts at
date of each call during year ended October 31, 1937
78
Loans and discounts of national banks:
Classification of, June 29,1935, June 30,1936 and 1937
79
Classification of, by Reserve cities and States, June 30, 1937
80
Comparative statement of, as of June 29, 1935, June 30, 1936 and
1937, in central Reserve and other Reserve cities, all Reserve cities
and elsewhere
84
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, 1933
84
United States Government securities and securities guaranteed by United
States as to interest and principal, reported by national banks:
Classification of, by Reserve cities and States, June 30, 1937
85
Investments of national banks:
Comparison of, June 29, 1935, June 30, 1936 e>nd 1937
90
United States Government, domestic and foreign bonds, securities, etc.,
held by national banks:
Classification of, by Reserve cities and States, June 30, 1937
91
Earnings and dividends of national banks:
By years, 1869 to 1937
96
By Reserve cities and States, year ended June 30, 1937
108
By Federal Reserve districts, year ended June 30, 1937
_. 120
By size of banks according to deposits, year ended December 31,1936-_ 123
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 1937
126
Number of national banks, capital, surplus, capital funds, net addition to
profits, dividends and ratios, 1869 to 1937
127
National banks classified according to capital stock, December 31, 1936:
Number, loans and discounts, investments, cash and exchange, total
assets, capital, surplus, profits and reserves for contingencies, and
total deposits of
129
Federal Reserve banks:
Assets and liabilities of the 12 Federal Reserve banks combined, as of
the last weekly statement date in October 1935-37
129
Principal assets and liabilities of the 12 Federal Reserve banks combined, on the last weekly statement date in each month, from
January 1935 to October 1937
130
New York Clearing House:
Statement relative to transactions of, year ended September 30, 1937. 130
Clearing house associations in the 12 Federal Reserve bank cities and
elsewhere:
Statement relative to transactions of, year ended September 30, 1937. 131
CONTENTS
All active banks:
Summary of reports of condition of, by classes of banks, December
31, 1936
Summary of reports of condition of, by classes of banks, June 30,1937—
Assets and liabilities of, by States, June 30, 1937
Assets and liabilities of, June 30, 1933 to 1937
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, June 30, 1937
Per capita demand and time and savings deposits, by States, June 30,
1937
Savings deposits and depositors, according to classes of banks, by
States, June 30, 1937—
National banks, assets and liabilities of, June 30, 1933 to 1937
Banks other than national:
Statement relative to
List of officials of State banking departments and number of each
class of banks under their supervision in June 1937
Assets and liabilities of, June 30, 1933 to 1937
State (commercial), assets and liabilities of, June 30, 1933 to 1937
Mutual savings:
Assets and liabilities of, June 30, 1933 to 1937
Number of banks, number of savings depositors, amount of
savings deposits, and average amount due each depositor,
by States, June 30, 1936 and 1937
Number of banks, number of savings depositors, amount of savings deposits, and average amount due each depositor, June
30, 1914 to 1937
....
Private:
Assets and liabilities of, June 30, 1933 to 1937
Statement relative to
Banks in the District of Columbia:
Assets and liabilities of, by classes, June 30, 1937
Assets and liabilities of all banks in, at date of each call during year
ended October 31, 1937
Assets and liabilities of all banks in, June 30, 1933 to 1937
Assets and liabilities of national banks in, June 30, 1933 to 1937
Assets and liabilities of loan and trust companies in, June 30, 1933 to
1937
Assets and liabilities of savings and State banks in, June 30, 1933 to
1937
Earnings and dividends of, other than national, 6-month periods
ended December 31, 1936, and June 30, 1937, and comparison of, in
years ended June 30, 1936 and 1937
Building and loan associations in the District of Columbia:
Statement relative to
Number of, loans, installments on shares, and total assets, June
30, 1914 to 1937
District of Columbia credit unions, list of, Oct. 31, 1937
Export-import bank of Washington:
Assets and liabilities of, at date of each call in year ended October 31, 1937
Savings, building and loan associations in the United States:
Number, membership, and total assets, by States, at close of 1936
Mortgage loan investments of, by States, at close of 1936
Number, membership, total assets, and mortgage loans of, on or about
December 31, 1914 to 1936
Failures of building and loan associations, 1920 to 1936
Money in the United States:
Stock of, years ended June 30, 1914 to 1937
Imports and exports of merchandise, gold and silver, calendar years
1914 to 1936, and from January 1 to September 30, 1937
Governmental corporations and credit agencies of the United States, consolidated statement of assets and liabilities of, September 30, 1937
V
Past
131
133
136 v
1441
145
145
147
152
153
154
156
157
158
159
160
161
161
162
165
166
167
168
169
170
171
172
172
173
174
177
178
178
178
179
180
VI
CONTENTS
Reconstruction Finance Corporation:
Page
Statement of condition of, June 30, 1937
182
Loans made by, to aid in the reorganization or liquidation of closed
banks and trust companies from February 2, 1932, to June 30, 1937,
by States..
187
Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed by,
from March 9, 1933 to June 30, 1937, by States
189
Farm Credit Administration:
Consolidated statement of condition of, June 30, 1937
191
Banks for cooperatives, consolidated statement of condition of, June
30, 1937
192
Federal land banks, consolidated statement of condition of, June 30,
1937
193
Federal Farm Mortgage Corporation, statement of condition of,
June 30, 1937
194
Federal intermediate credit banks, consolidated statement of condition of, June 30, 1937
194
Joint-stock land banks, statement relative to, as of June 30, 1937
195
Federal Home Loan Bank System:
Consolidated statement of assets and liabilities of, September 30, 1937.
196
Home Owners' Loan Corporation, summary of operations of, from date
of organization to close of business September 30, 1937
19b
Federal Deposit Insurance Corporation:
Assets and liabilities of, June 30, 1937
„
199
Assets and liabilities of operating insured commercial banks, by
classes, June 30, 1937
201
Pacific National Agricultural Credit Corporation, statement of assets
and liabilities of, at date of each call in year ended October 31, 1937
202
United States Postal Savings System:
Statistics relative to activities of, years ended June 30, 1936 and 1937.
202
School savings banking:
Statistics relative to, in each State, in school years 1935-36 and
1936-37, and summary each school year since 1919-20
207
Expenses of the Currency Bureau:
Summary of, in the fiscal year ended June 30> 1937
208
APPENDIX
TABLES
No. 1. Comptrollers and Deputy Comptrollers of the Currency since 1863.
No. 2. Names and compensation of officers and clerks in the Office of the
Comptroller of the Currency, October 31, 1937
.__.
No. 3. Number of national banks organized since February 25, 1863,
number passed out of the system, and number in existence
October 31, 1937
No. 4. National banks reported in liquidation from November 1, 1936,
to October 31, 1937, the names where known, of succeeding
banks in cases of succession, with date of liquidation and
capital
No. 5. 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, in the year ended October
31, 1937, as shown by their last reports prior to consolidation,.
No. 6. National banks, consolidated in year ended October 31, 1937,
under act of November 7, 1918, as amended June 16, 1933,
together with their capital, surplus, undivided profits, and
total assets, as of date of consolidation.—
No. 7. State banks and national banks consolidated in year ended October
31, 1937, under act of February 25, 1927, as amended June 16,
1933, their consolidated capital, surplus, undivided profits, and
total assets, as of date of consolidation
No. 8. Number and capital of State banks converted into national banking
associations in each State and Territory from 1863 to October
31, 1937
Page
211
211
213
213
216
217
218
219
CONTENTS
VII
Page
No. 9. Conversions of State banks and primary organizations as national
banks from March 14, 1900, to October 31, 1937
No. 10. Number of national banks increasing their capital, together with
the amount of increase monthly for years ended October 31,
since 1932
No. 11. Number and authorized capital of national banks chartered and
the number and capital stock of banks closed in each year ended
October 31, since 1913, with the yearly increase or decrease
No. 12. 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, 1937.
No. 13. Changes of corporate title of national banks, year ended October
31, 1937
No. 14. Changes of corporate title incident to consolidations of national
banks and of State banks with national banks, year ended
October 31, 1937
No. 15. National banks chartered during year ended October 31, 1937__
No. 16. National banks for which increase of capital has been authorized,
under act of 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 dividends, etc., during
year ended October 31, 1937
No. 17. National banks chartered which are conversions of State banks
during year ended October 31, 1937
No. 18. National banks by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during year ended
October 31, 1937
No. 19. Number and classification of national banks chartered monthly
during year ended October 31, 1937
No. 20. Principal items of assets and liabilities of national banks, classified
according to capital stock, December 31, 1936
No. 21. National bank notes redeemed and outstanding, by denominations
and amounts, on October 31, each year, 1933 to 1937
No. 22. National bank notes received monthly by Comptroller of the Currency from Currency Redemption Division for redemption on
retirement account, during year ended October 31, 1937
No. 23. Vault account of currency received and destroyed during year
ended October 31, 1937
No. 24. Amount of currency received for redemption, by months, from
July 1, 1936, to June 30, 1937, and counted into the cash of the
Currency Redemption Division
No. 25. Amount of currency received by the Currency Redemption Division for redemption in year ended June 30, 1937, from principal
cities
No. 26. Cost of redemption of national bank notes during year ended
June 30, 1937
1
No. 27. Classification of Federal Reserve currency redemptions, amount
redeemed, number of notes, cost of redemption per 1,000 notes,
and amount* assessed upon Federal Reserve banks, year ended
June 30, 1937
No. 28. Taxes assessed on national bank circulation, years ended June 30,
1864-1936; cost of redemption, 1874--1937; and assessments for
cost of plates, etc., 1883-1935
No. 29. 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, November 4, 1936, to October 27, 1937
No, 30. Federal Reserve notes, segregated by series, printed, shipped, and
canceled, issued to banks, retired, and destroyed since organization of the banks, with balance in vaults and amount outstanding
October 31, 1937
No. 31. Aggregate amount of Federal Reserve bank notes, old series,
printed, issued, canceled, and redeemed by denominations,
since inauguration of Federal Reserve System, and amount outstanding October 31, 1937
I
219
220
221
221
223
223
224
225
226
227
229
229
238
239
239
239
239
240
240
241
242
243
246
VIII
CONTENTS
Page
No. 31A. Aggregate amount of Federal Reserve bank notes, series 1929,
printed, shipped, and on hand; issued, retired, and outstanding; received for destruction by denominations, during the
period March 10, 1933 (date of first shipment), to October 31,
1937, under terms of sec. 18, Federal Reserve Act, as amended
March 9, 1933
247
No. 32. National banks in charge of receivers during year ended October
31, 1937, 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
United States to redeem circulation to October 31, 1937, circulation outstanding, borrowed money, and total deposits at date
of failure
248
No. 32A. District of Columbia State chartered banks and banks incorporated under laws of District of Columbia, under supervision of
Comptroller of the Currency, in charge of receivers, during year
ended October 31, 1937, 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
280
No. 33. National banks in charge of receivers during year ended October
31, 1937, 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 disposition of such
collections, and various other data indicating the progress or
results of liquidation to October 31, 1937
282
No. 33A. District of Columbia State chartered banks and banks incorporated under laws of District of Columbia, under supervision
of Comptroller of the Currency, in charge of receivers during
year ended October 31, 1937; 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
disposition of such collections, and various other data indicating
the progress or results of liquidation to October 31, 1937
422
No. 34. National banks restored to solvency after having been placed in
charge of receivers, from date of first national bank failure in
1865 to October 31, 1937
426
No. 35. National banks restored to solvency which subsequently became
insolvent, from date of first national bank failure in 1865 to
October 31, 1937
1__> 428
No. 36. Dividends paid to creditors of insolvent national banks under
supervision of Comptroller of the Currency, including distribution by conservators as reported by receivers, during year ended
September 30, 1937
429
No. 37. National banks placed in charge of receivers, the affairs of which
have been closed, by years, from April 14, 1865, to October 31,
1937, 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
451
No. 38. National banks placed in charge of receivers, the affairs of which
have been closed, by States, from April 14, 1865, to October
31, 1937, 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
456
No. 39. Dates of reports of condition of national banks, 1914 to 1937
460
No. 40. 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, 1937
461
CONTENTS
IX
Page
No. 41. Assets and liabilities of national banks in central reserve cities of
New York and Chicago, other reserve cities and country banks,
June 30, 1937
No. 42. Cash, balances with other banks, and cash items in process of
collection reported by national banks, June 30, 1937
No. 43. Demand deposits of national banks, June 30, 1937
No. 44. Time deposits of national banks, June 30, 1937
No. 45. Bills payable and rediscounts of national banks, June 30, 1937
No. 46. Reserve computation of national banks, June 30, 1937
No. 47. Total assets and liabilities of national banks, June 1933-37
No. 48. Assets and liabilities of national banks, according to reserve cities
and States, at date of each call during year ended October 31,
1937
No. 49. Assets and liabilities of national banks in each Federal Reserve
district June 30,1937
No. 50. Earnings and dividends of national banks, six months ended
December 31, 1936
No. 51. Earnings and dividends of national banks, by Federal Reserve
districts, six months ended December 31, 1936
No. 52. Earnings and dividends of national banks, six months ended June
30, 1937
No. 53. Earnings and dividends of national banks, by Federal Reserve
districts, six months ended June 30, 1937
No. 54. Earnings and dividends of national banks, by size of banks, year
ended December 31, 1936, by geographical sections
No. 55. Earnings and dividends of nonmember national banks, by size of
banks, year ended December 31, 1936
No. 56. Earnings and dividends of national banks, by size of banks, year
ended December 31, 1936, summary covering the entire
country
No. 57. Earnings and dividends of national banks, by size of banks, year
ended December 31, 1936, by Federal Reserve districts
No. 58. Assets and liabilities of savings and State banks in District of
Columbia at date of each call during year ended October 31,
1937
No. 59. Assets and liabilities of loan and trust companies in District of
Columbia at date of each call during year ended October 31,
1937
No. 60. Principal items of assets and liabilities of savings and State banks
in District of Columbia, June 30, 1914 to 1937
No. 61. Principal items of assets and liabilities of loan and trust companies in District of Columbia, June 30, 1914 to 1937
No. 62. Individual statements of assets and liabilities of the 27 building
and loan associations in District of Columbia, June 30, 1937
No. 63. Summary of assets and liabilities December 31, 1936, and receipts
and disbursements in six months ended December 31, 1936, of
the 27 building and loan associations in District of Columbia. _
No. 64. Summary of assets and liabilities June 30, 1937, and receipts and
disbursements in six months ended June 30, 1937, of the 27
building and loan associations in District of Columbia
No. 65. Individual statements of assets and liabilities of the 25 District
of Columbia credit unions, .Tune 30, 1937
No. 66. Summary of assets and liabilities December 31, 1936, and receipts
and disbursements in six months ended December 31, 1936, of
the 25 District of Columbia credit unions
No. 67. Summary of assets and liabilities June 30, 1937, and receipts and
disbursements in six months ended June 30, 1937, of the 25
District of Columbia credit unions
No. 68. Assets and liabilities of active State (commercial) banks, December 31, 1936
No. 69. Assets and liabilities of active mutual savings banks, December
31, 1936
No. 70. Assets and liabilities of active private banks, December 31, 1936—
No. 71. Assets and liabilities of active State (commercial), mutual savings, and private banks, December 31, 1936
No. 72. Assets and liabilities of active national banks, December 31. 1936—
467
469
474
478
482
484
488
495
610
612
624
627
640
643
656
658
661
691
692
693
693
694
696
697
698
699
699
700
706
709
711
718
X
CONTENTS
Page
No. 73. Assets and liabilities of all active banks in the United States and
possessions, December 31, 1936
No. 74. Assets and liabilities of active State (commercial) banks, June 30,
1937
No. 75. Assets and liabilities of active mutual savings banks, June 30,
1937
No. 76. Assets and liabilities of active private banks, June 30, 1937
No. 77. Assets and liabilities of active State (commercial), mutual savings, and private banks, June 30, 1937
No. 78. Assets and liabilities of active national banks, June 30, 1937
No. 79. Assets and liabilities of all active State and private banks, June
30, 1914 to 1937
No. 80. Assets and liabilities of all active national banks, June 30, 1914 to
1937
No. 81. Assets and liabilities of all active banks, June 30, 1914 to 1937-.
No. 82. Statement of transactions of New York Clearing House, years
ended September 30, 1854-1937
No. 83. Exchanges, balances, percentages of balances to exchanges, and
percentages of funds used in settlement of balances by the New
York Clearing House, each year, 1914 to 1937
No. 84. Exchanges of clearing houses of the United States, years ended
September 30, 1914 to 1937
No. 85. Comparative statement of exchanges of clearing houses of the
United States, years ended September 30, 1937 and 1936
No. 86. 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, years ended September 30, 1937 and 1936
No. 87. Bank suspensions, by States, six months ended December 31, 1932_
No. 88. Bank suspensions, by States, January 1 to March 4, 1933
No. 89. Bank suspensions, by States, March 13, 14, and 15, 1933
No. 90. Bank suspensions, by States, March 16 to June 30, 1933
No. 91. Bank suspensions, by States, six months ended June 30, 1933
No. 92. Bank suspensions, by States, year ended June 30, 1933
No. 93. Bank suspensions, by States, six months ended December 31, 1933_
No. 94. Bank suspensions, by States, six months ended June 30, 1934
No. 95. Bank suspensions, by States, year ended June 30, 1934
No. 96. Bank suspensions, by States, six months ended December 31, 1934_
No. 97. Bank suspensions, bj^ States, six months ended June 30, 1935
No. 98. Bank suspensions, b}^ States, year ended June 30, 1935
No. 99. Bank suspensions, by States, six months ended December 31, 1935.
No. 100. Bank suspensions, by States, six months ended June 30, 1936
No. 101. Bank suspensions, by States, year ended June 30, 1936
No. 102. Bank suspensions, by States, six months ended December 31,
1936
No. 103. Bank suspensions, by States, six months ended June 30, 1937
No. 104. Bank suspensions, by States, year ended June 30, 1937
No. 105. Bank suspensions, 1864 to 1937
Table " O." Statements of assets and liabilities of the individual national
banks at close of business December 31, 1937, arranged alphabetically by States, Territories, and towns. (Omitted from this
report and published as a separate table.)
724
730
738
743
747
756
764
765
766
767
767
768
768
772
773
775
777
779
780
782
784
785
786
787
788
789
790
791
792
793
794
795
796
REPORT
OF THE
COMPTROLLER OF THE CURRENCY
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington, D. C, January 8, 1938.
SIR: AS required in section 333 of the United States Revised Statutes, as amended, I have the honor to submit the following report
covering the activities of the Bureau of the Comptroller of the
Currency for the year ended October 31, 1937. This is the seventyfifth annual report made to Congress by the Comptroller of the
Currency.
ACTIVE NATIONAL BANKS
As required in section 5211 of the Kevised Statutes, national banks
were called upon to submit three reports of condition during the current annual report year. The figures for deposits and assets on each
of these three call dates are as follows:
Number
of banks
Dec. 31, 1936
Mar. 31, 1937
June 30,1937
_
5,331
5,311
5,299
Total deposits
Total assets
$27, 608, 397,000
26,515,110,000
26,765,913,000
$31,070,441,000
30,049,172,000
30, 337,071,000
On June 30,1937, the 5,299 active banks reported Joans and discounts,
including overdrafts, of $8,812,895,000; United States Government
obligations direct and fully guaranteed of $8,219,195,000; other bonds
and securities of $3,903,092,000; cash, balances with other banks,
cash items in process of collection, and reserve with Federal Reserve
banks of $8,377,869,000; total assets of $30,337,071,000, deposits of
$26,765,913,000; bills payable and rediscounts of $8,530,000, capital
stock of $1,582,131,000; and surplus, profits, and reserves of
$1,630,034,000.
A comparison of the principal items of assets and liabilities for
June 30 this year with those for June 30, 1936, the corresponding
call last year, shows an increase of $1,049,553,000, or 13.52 percent,
in loans and discounts, their ratio to total deposits having increased
from 29.61 to 32.91 percent; and, due primarily to an increase
of 100 percent in the required reserves under section 19 of the Federal
Reserve Act, the reserve carried with Federal Reserve banks increased
17.95 percent, or from $3,520,901,000 to $4,152,889,000. These
increases in loans and reserves totaling $1,681,541,000 were balanced
in part by decreases of $360,338,000 in bonds and securities,
$87,096,000 in cash, and $548,449,000 in balances with other banks,
including cash items in process of collection. The reduction in
investments was made up of a decrease of $170,458,000 in direct
obligations of the United States Government, $57,711,000 in obliga
2
REPORT OF THE COMPTROLLER OF THE CURRENCY
tions guaranteed by the United States Government as to interest
and principal, $76,015,000 in obligations of States, counties, and
municipalities; and $56,154,000 in other bonds and securities.
The total deposits on June 30, 1937, had increased $565,460,000,
or 2.16 percent, during the year. The June 30 deposits consisted of
demand and time deposits of individuals, partnerships, and corporations of $12,430,183,000 and $7,469,842,000, respectively; United
States Government deposits of $379,331,000; State, county, and
municipal deposits of $2,203,466,000; postal savings of $88,542,000;
deposits of other banks of $3,790,587,000; and certified and cashiers'
checks, cash letters of credit, and travelers' checks outstanding, etc.,
of $403,962,000. The time deposits of individuals, partnerships, and
corporations included time certificates of deposit of $591,423,000;
time deposits, open accounts of $305,715,000; and deposits evidenced
by savings passbooks of $6,511,352,000, comprising 15,794,219 accounts.
The book value of capital stock was $1,582,131,000 and represented
a par value of $1,587,726,000. The latter figure consisted of class A
preferred stock of $281,012,000, class B preferred stock of $17,965,000,
and common stock of $1,288,749,000. Surplus funds of $1,073,154,000, undivided profits of $389,233,000, reserves for contingencies
of $155,623,000, and preferred stock retirement fund of $12,024,000,
making a total of $1,630,034,000, increased $155,681,000 in the year.
Reports showing earnings and dividends are rendered semiannually
to the Comptroller by all national banks, and their consolidated
returns covering the year ended June 30, 1937, showed net profits
before dividends of $286,561,000, which was an increase of $44,907,000,
or 18.58 percent, over the amount reported for the year ended June
30, 1936. The three years ended June 30, 1935, 1936, and 1937 are
the only years since 1931 that the consolidated returns showed the
banks have operated at a profit. The profits for the year ended
June 30, 1937, were $234,020,000, or 445.40 percent, over 1931. Dividends declared on common and preferred stock in the year ended
June 30, 1937, totaled $153,475,000, in comparison with $125,604,000
in 1936. The dividends were 9.67 percent of common and preferred
capital and 4.78 percent of capital funds. The gross earnings from
current operations aggregated $847,197,000, and the expenses
$577,851,000, resulting in net earnings from current operations of
$269,346,000, an increase of $22,992,000, or 9.33 percent, in the year.
Recoveries on assets previously charged off of $279,583,000, including
profits on securities sold of $124,858,000, decreased $19,358,000, or
6.48 percent. Losses and depreciation charged off were $262,368,000,
a reduction of $41,273,000, or 13.59 percent.
During the year, preferred stock of an aggregate par value of
$130,213,325 was retired by 1,320 national banks. One hundred and
eighty such banks retired preferred stock in full and 1,140 completed
partial retirements. Coincident with these retirements of preferred
stock, the common capital of national banks, exclusive of newly
organized banks, was increased $35,367,245 and new or additional
preferred stock in the aggregate sum of $2,047,250 was issued. As
of October 31, 1937, there was outstanding in 1,846 national banks
preferred stock aggregating $290,603,830 par value.
Authority to exercise fiduciary powers was held by 1,913 national
banks, of which 1,551 were administering 135,772 individual trusts,
with assets aggregating $9,656,397,140 and 15,983 corporate trustee
KEPORT OF THE COMPTROLLER OF THE CURRENCY
National banks, net additions to profits, 1912-87
Net additions
to profits
Years ended June 30—
1912
1913
1914
1915
1916 1917
1918
1919_
.
1920
1921
1922
1923
1924
_
_
_
_
_
$149,057,000
160, 980,000
149, 270,000
127,095, 000
157, 544,000
194, 321,000
212,332,000
240, 366,000
282,083,000
216,106,000
183, 670,000
203,488,000
195,706,000
Years ended June 30—
Net additions
to profits
1925
1926
1927 . . _
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
$223,935,000
249,167,000
252,319,000
270,158,000
301,804,000
246,261,000
52,541,000
1139,780,000
1218,384,000
1303,546,000
71,372,000
241,654,000
286,561,000
i Deficit.
NATIONAL BANKS
NET ADDITIONS TO PROFITS
1912- 1937
Years Ended June- 30™
MILLIONS
OF
DOLLARS
MILLIONS
OF
DOLLARS
350
3 50
300
300
250
2 50
200
2 00
100
50
0 •
50
•
1 50
•Illl
•I.
till
Illl
uu
------
-100
I 00
1932
1933
150
1
tO
(Vj
Ov
O
N
<O Ov O
Cty (Vj o^ o j ^«f*
Ov Ov Ov Ov Ov
1
|
|
|
0
50
- ! 00
I
- 150
50
- 1 50
-200
- 200
-250
- 2 50
-300
- 3 00
-350
- 3 50
• for the six months
The d e f i c i t for the fiscal year 1932 was the firs't ever reported for a similar period
4
REPORT OF THE COMPTROLLER OF THE CURRENCY
ships, with note and bond issues outstanding in the amount of
$10,570,032,665. Compared with June 30, 1936, these figures
represent an increase of 2,930 in the number and $91,745,854 in the
volume of individual trust assets under administration, while corporate
trusteeships decreased 1,014 in number and $597,536,477 in volume
of note and bond issues outstanding. Gross earnings from trust
department operations increased $3,520,000, or 11.63 percent, over
1936. a
Section 304 of the Banking Act of 1935, amending section 22 of
the Banking Act of 1933, provided for the termination of the double
liability of shareholders of national banks on July 1, 1937. Section
315 of the same act amended section 5199 of the Revised Statutes to
provide among other things that a national bank shall, before the
declaration of a dividend on its shares of common stock, carry not
less than one-tenth part of its net profits of the preceding half year to
its surplus fund until the same shall equal the amount of its common
capital. Prior to the Banking Act of 1935 the maximum surplus
required of a national bank was but 20 percent.
It is interesting to note that at the date of the first call following
the enactment of the Banking Act of 1935, namely November 1, 1935,
of the total of 5,409 active national banks, 912 without preferred
stock had surplus funds equal to or in excess of their common capital.
The capital and surplus of these 912 banks was $252,618,000 and
$428,258,000, respectively. On June 30, 1937, however, the date of
the last bank call, this class of banks had increased 262 in number, or
to 1,174, with common capital of $457,357,000 and surplus of $664,067,000. In 1935, 425 of the banks had surplus exceeding their capital
stock compared to 481 banks in 1937. In addition, there were 187
banks on November 1, 1935, which had both common and preferred
stock outstanding of $80,713,000 whose surplus funds of $35,813,000
equaled or exceeded their common capital of $29,687,000. As of
June 30,1937, this latter class of banks had increased 37 in number, or
to 224, with surplus totaling $41,794,000 and common capital $33,144,000. Since June 30, 1937, reports thus far received show that
in 13 States 15 additional banks, with fcommon stock only, have
transferred $371,000 to surplus in connection with dividends declared*
making their total surplus $2,660,000, or the same as their capital
stock. The statement following shows the number, capital and surplus of all national banks on November 1, 1935, and June 30, 1937,
and like information with respect to banks with surplus equal to or
exceeding their common capital as of the same dates:
REPORT OF THE COMPTROLLER OF THE CURRENCY
5
Nvmber, capital and surplus of all ?iational banks on Nov. 1, 1935, and June 30t
1937, and like information with respect to banks with surplus equal to or exceeding
their common capital as of the same dates
[Amounts in thousands of dollars)
Capital stock, par value
Number
of banks
June 30, 1937
Nov. 1, 1935...
.-
—-
-
-
Increase
Banks with common stock only, having surplus the same as common capital:
June 30, 1937
-_.
Nov. 1, 1935.__
—
Increase
-
,~
Banks with common stock only, having surplus in excess of common capital:
June 30, 1937
Nov. 1,1935
Increase
Total banks with common stock only, having
surplus equal to or in excess of common
capital:
June 30, 1937
Nov. 1, 1935___
Increase
Banks with both preferred and common
stock, having surplus the same as common
capital:
June 30, 1937
Nov. 1,1935__
Decrease
Banks with both preferred stock and common stock, having surplus in excess of common capital:
June30,1937
_
Nov. 1, 1935__,.
Increase
Total banks with both preferred and common stock, having surplus equal to or in
excess of common capital:
J u n e 30, 1937
N o v . 1, 1935_._.--
Increase
Banks with common and preferred stock or
common stock only, having surplus less
than common capital:
June 30, 1937
Nov. 1, 1935._
Surplus
Total
Preferred
Common
5,299
5, 409
$1,587,726
1, 782,313
$298,977
524, 727
$1,288,749
1,257,586
$1,073,154
865,955
i 110
194,587
225, 750
31,163
207,199
693
487
285,094
98, 728
285,094
98,728
285,094
98,728
206
186, 3G6
186,366
186,366
481
425
172,203
153,890
172,263
153, 890
378,973
329, 530
56
18,373
18, 373
49, 443
1,174
912
457,357
252, 618
457,357
252, 618
664,067
428,258
262
204,739
204, 739
235,809
106
102
27,749
38, 537
13,860
22,462
13,889
16,075
13,889
16,075
+4
10,788
8,602
2,186
2,186
118
85
50,803
42,176
31,548
28,564
19, 255
13, 612
27,905
19,738
33
8,627
2,984
5,643
8,167
224
187
78,552
80,713
45,408
51,026
33,144
29,687
41,794
35.813
37
2,161
5,618
3,457
5,981
3,901
4,310
1,051,817
1,448,982
798, 248
975,281
367,293
401,884
2 253, 569
3 473,701
i The decrease in the number of banks is due to liquidations, consolidations, etc.
* 1,626 banks.
»1,953 banks.
One of the important questions before the Comptroller's Office has
been the proper appraisal of assets in going banks. It was unfair to
appraise assets at the existing cash market basis, and even where
there were established market quotations, they could easily have been
broken by forced liquidation. The Comptroller, therefore, instructed
all national bank examiners to appraise assets on a "recovery basis/'
6
REPOKT OF THE COMPTROLLER OF THE CURRENCY
taking into consideration their intrinsic and potential values. The
Comptroller's instructions are quoted in full in his annual report for
the year ended October 31, 1934. For the first time, a survey was
made of the classifications of loans in the 1934 reports of examiners.
This survey showed that in the 5,275 banks examined, 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. A compilation from
the reports on 5,312 national banks made during 1937 shows total
loans of $8,426,931,749, of which .65 percent were placed in the loss
column, 1.14 percent in the doubtful column, and 10.68 percent in the
slow column.
ALL ACTIVE BANKS
Continued improvement is also shown in the condition of all classes
of active banks in the country as reflected in their consolidated
returns as of June 30, 1937. On that date there were 15,580 national,
State, and private banks in the United States and possessions with
loans and investments of $49,972,315,000, which amount exceeded
by $1,273,623,000, or 2.62 percent, the figures reported as of June
30, 1936, when there were 15,803 banks. Cash, balances with other
banks, and reserve with reserve agents of $15,628,614,000 increased
in the year $506,233,000, or 3.35 percent, and the total assets amounting to $68,941,069,000 increased $1,742,488,000, or 2.59 percent.
The total deposits in 1937 were $59,822,370,000 and showed a rise
of $1,482,555,000, or 2.54 percent in the year. Although the total
of capital stock, capital notes and debentures of $3,250,650,000
showed a reduction of $351,109,000, or 4.99 percent, due primarily
to a decrease of 223 in the number of banks and the retirement of
preferred stock and capital notes and debentures, the combined total
of surplus, profits, and reserves of $4,985,781,000 had increased
$435,914,000, or 9.58 percent. The ratio of loans and discounts,
including overdrafts, to total deposits on June 30, 1937, was 37.94
percent compared to 35.72 percent on June 30, 1936.
It will be interesting to note the investments and total assets of all
classes of banks in the country from June 30, 1929, to June 30, 1937,
as shown in the following table:
Investments and total assets of all active banks, June 30, 1929 to 1987
[Amounts in thousands of dollars]
United States Government securities
June 30
1929
1930
1931
1932
1933
1934
1935
1936
1937
_
-
Number
of
banks
Total
assets
25,330 $72,172,505
24,079 74,020,124
22,071 70, 209,149
19,163 57,245,131
14,624 51,301,908
15,894 56,159,925
16,053 60,393,057
15,803 67,198, 581
15,580 68,941,069
Amount
$4,022,879
3,846,938
5, 717,642
6, 455,583
7,795,999
11, 663,267
14,284,052
17, 358, 200
16,968,486
Other bonds and
securities
Percent
to
Amount
total
assets
5.58 $13,325,859
5.20 14,097,790
8.14 14,342,511
11.28 1], 767, 658
15.20 10,134,664
20.77 9, 626,227
23.65
9,933,103
25.83 10,501,333
24.61 10,305,653
Total all bonds and
securities
Percent
to
Amount
total
assets
18.46 $17,348,738
19.04 17,944,728
20.43 20.060,153
20.55 18,223,241
19.75 17,930,663
17.14 21,289,494
16.45 24,217,155
15.63 27,859,533
14.95 27,274,139
Percent
to
total
assets
24.04
24.24
28.57
31.83
34.95
37.91
40.10
41.46
39.58
REPORT OF THE COMPTROLLER OF THE CURRENCY
7
INSOLVENT BANKS
With active national banks restored to a sound condition, and with
only four national bank failures during the year ended October 31 ,
the major problem before the Comptroller's Office has been the liquidation of insolvent national banks and the payment of dividends to
depositors.
In order to expedite this work, there was established on January 15,
1937, a Termination Section of the Insolvent Bank Division for the
primary purpose of devising ways and means to terminate receiverships and to actively consummate such plans. The chief methods
used have been the disposition of remaining assets through bulk sales,
termination loans, and through the transfer of assets to shareholders'
agents. By these methods, funds are made available for distribution
to creditors in the form of a final dividend, and the immediate termination of the receivership ensues.
During the year ended October 31, 1937, 341 national bank receiverships, including 2 District of Columbia State bank receiverships under
the supervision of the Comptroller's office, were liquidated and finally
closed. This is the greatest number of closings ever effected during
a Comptroller's report year. These banks had deposits at failure of
$154,754,207, of which $113,600,000, or 73.41 percent, was returned
to depositors. The total cost of liquidation in these trusts was 6.83
percent of the collections from assets and stock assessments, including
offsets allowed.
Remaining in process of liquidation on October 31, were 882 national
and District of Columbia State bank receiverships. Their total
deposits at date of failure were $1,689,372,000, of which approximately
$1,227,000,000, or 72.63 percent, had been returned to depositors.
Receivers have estimated that additional payments of $237,527,000,
or 14.05 percent, will be made, bringing the total estimated recoveries
to depositors in all the remaining receiverships up to 86.65 percent.
As of October 31, 1937, the total commitments granted by the
Reconstruction Finance Corporation to the receivers of insolvent
national banks amounted to # $494,495,500, of which $389,399,367
was actually loaned. Of this amount commitments aggregating
$13,669,500 had been granted to 27 receivers during the year ending
October 31, 1937. During that year the balance due to the Corporation by all receivers of insolvent national banks declined from
$21,913,601.76 to $8,900,734.80 and the number of borrowing receiverships declined from 315 to 101.
In accordance with President Roosevelt's expressed desire for the
Government to withdraw from business as soon as privately owned
agencies were able to take over the functions of the Government
lending agencies, various State and national banks located in the
vicinity of closed national banks have taken over Reconstruction
Finance Corporation loans, or made original loans, in the approximate
amount of 64K million dollars. Of this total commitment, approximately 60 million dollars has been actually advanced, of which nearly
54 million dollars had been repaid on October 31, 1937.
The amount repaid includes loans to 53 receiverships which have
been paid in full, and the balance unpaid is owing by 42 trusts.
In order to reduce expenses in the receiverships, the practice was
adopted of combining several receiverships under one receiver when
27021—38
2
8
REPORT OF THE COMPTROLLER OF THE CURRENCY
the assets were reduced to the point where the work involved did not
require the receiver's full time. In accordance with this plan, the 882
receiverships remaining on October 31 were being administered by
367 receivers, or an average of 2.4 receiverships per receiver.
In order to handle more effectively the real estate owned by and
mortgaged to 1,173 insolvent national banks, then under active reINSOLVENT NATIONAL BANKS
RECEIVERSHIPS CLOSED
YEARS ENDED OCTOBER 31,1912-1937
NUMBER Or BANKS
NUMBER OF BANKS
360
560
320
520
280
2 80
240
240
200
200
160
160
120
120
80
80
40
40
12 © 10 15 l£
15 14
6
..•.III
17 31 46 76 105 67 99 122 70 92 163 215 341
ceivership, and to issue appropriate instructions with regard to the
management and disposition thereof, the Real Estate Activities Section of the Insolvent Bank Division was established on January 22,
1937. The section has obtained from 622 receivers reports covering
approximately 10,000 assets secured by liens on real estate, which
reports were carefully analyzed as a basis for issuing appropriate in
REPOBT OF THE COMPTROLLER OF THE CUKBENCY
9
structions to the receivers. Personal calls were made on receivers of
approximately 200 banks, for the purpose of investigating the real
estate owned, and assets secured by liens on real estate, and auction
sales of real estate in 96 trusts were attended. In some cases, these
sales were conducted by highly specialized auctioneers, and in other
cases the receivers were authorized to utilize the services of local
auctioneers. An analysis of the results obtained discloses that with few
exceptions the sales were highly successful. Among the outstanding
auction sales were those, held in Chattanooga, Tenn.? and Benton
Harbor, Mich., covering the real-estate holdings of the First National
Bank and Chattanooga National Bank of Chattanooga, Tenn,, and
the American National Bank and Trust Co., Benton Harbor, including the real estate of the Commercial National Bank and Trust Co.
of St. Joseph, Mich. The sale in Chattanooga covered 186 parcels
for which the receivers realized $512,305. This sale was attended by
approximately 4,000 persons. Due to the interest shown in the sale
of the Chattanooga properties, the receivers immediately found purchasers for the deferred payment notes and realized therefor face value
and accrued interest to date of sale. At the sale conducted at Benton
Harbor the receivers sold 20 parcels for a total of $198,185, the total
bids representing approximately 99 percent of the receivers' estimated
values of the properties.
Immediately following announcements in local newspapers to the
effect that the real-estate holdings rof the national bank receiverships
would be sold at auction, letters w ere received from local real-estate
agents and creditors of the banks objecting to this method of disposing
of the real estate; however, without exception, after the sale these
same parties appeared to be more than satisfied with the results
obtained for the reason that the offers received were usually commensurate with the values of the properties, and for the further reason
that considerable interest was developed in real estate in general. It
should also be borne io mind that real estate owned by closed national
banks must be classified as "distressed real estate/' and usually retards the recovery in the real-estate market. Considerable real
estate has also been disposed of through the efforts of receivers and
members of local real-estate boards. Since the establishment of the
real estate section, receivers have been authorized to accept offers
for 7,923 parcels of real estate, which should enable them to realize
approximately $31,000,000. Bank buildings are often one-purpose
properties, but in spite of this, receivers have been authorized to
accept offers obtained for 194 such properties. Preparations are
now being made to obtain information from receivers as to the number
and amounts of deferred payment notes or contracts acquired in connection with sales of real estate in order to negotiate intelligently for
the sale of these assets. Inquiry discloses that large insurance companies are interested in the purchase of these deferred-payment notes
and mortgages, and it is hoped that the outcome of further negotiations will lead to an early liquidation of same, which will make possible
the rapid termination of additional receiverships.
In the year ended October 31, 1937, receivers and trustees for
waiving creditors of national banks, unlicensed incident to the banking
holiday, released and made available to creditors $42,077,776 of the
remaining unsecured liabilities. The total of such liabilities released
10
REPORT OF THE COMPTROLLER OF THE CURRENCY
since the banking holiday is $1,562,739,935, or 81.28 percent, compared
to 79.09 percent as of October 31, 1936.
During the year four national banks have failed, with deposits at
closing of $4,294,296. Of these deposits 79.79 percent, or $3,030,000,
were insured, and 99.08 percent of the depositors were fully protected,
by insurance, offset, security, or preferment.
National-bank suspensions, actual failures, for which receivers were appointed
Years ended October Number
of banks
31—
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925 .
1926
Deposits
8
5
21
12
13
7
2
1
6
38
32
51
127
95
91
$3,665,576
5,995,997
7,516,182
8,203,765
1,997,020
4,327,166
1,543,397
283,684
3,154,793
13,084,637
8,982,862
17,358,274
48,816,366
39,836, 690
30,616,232
Years ended October
31—
1927
1928
1929
1930 .
1931
1932
1933
1934
1935
1936
1937
..
Total
Number
of banks
111
52
71
88
357
322
396
1
4
Deposits
$46,113,688
19,798,224
46,448,301
49,707,145
361,976,551
250,494,710
255,049,262
41,950
5,398,802
4
» 3,984,583
1,915
1,234,395,857
»Preliminaryfiguresubject to revision.
From March 16, 1933, to October 22, 1937, 12 national banks failed.
The following statement shows the causes to which these failures were
attributed.
Causes of failures in 12 actual national bank failures Mar. 16', 1988, to Oct. 22, 1987
Bank
Date of
suspension
Cause of failure
Apr. 22,1933 Lack of confidence of public due to
unethical banking practices on part
of directors.
Kingfisher, Okla., First National Bank
July 20,1933 Shortage due to speculations.
West, Tex., National Bank of West
Oct. 30,1933 Embezzlement by officers.
Lima, Mont., First National Bank L.._
July 19,1934 Excessive investment in real estate.
Herndon, Va., National Bank of Herndon *
Jan. 10,1935 Embezzlement by cashier.
Pender, Nebr., First National Bank 1
June 29,1935 Unethical banking practices on part
of cashier.
Sardinia, Ohio, Farmers National Bank 1
July 25,1935 Embezzlement on part of president
Bradford, Pa., Commercial National Bank i
Sept. 30,1935 Embezzlement by officers.
Centerville, S. Dak., The First National Bank 1
Dec. 19,1936
Do.
New York, N. Y., The Fort Greene National Bank Aug. 14,1937 Unwise and unethical banking practices.
in New York.*
Campbellsville, Ky., The Taylor National Bank i_. June 30,1937 Unethical banking practices.
Nescopeck, Pa.f The Nescopeck National Bank *.-. Oct. 21,1937 Embezzlement by assistant cashier.
Rushville, Ind., American National Bank
* F. D. I. C. receivership banks.
11
REPORT OF THE COMPTROLLER OF THE CURRENCY
NATIONAL BANK SUSPENSIONS
NUMBER Of BANKS
ACTUAL FAILURES, YEARS ENDED OCTOBER 51. 1912-1937,
fOR WHICH RECEIVERS WERE APPOINTED
NUMBER
OP
BANKS
4501
450
400
400
350
350
500
500
250
250
200
200
150
t50
100
100
50
I
6
50
32
51
127 9 5
91
III
52
71
6 4 3 5 7 322 3
Dates of receivers' appointments and dates of suspensions of banks are not necessarily the same.
Banks are not considered as actual failures where the depositors were paid In full and the banks
placed in voluntary liquidation and It later became necessary to appoint receivers to collect stock
assessments or for other purposes.
During 1933, 393 suspensions occurred before or during the banking holiday, while only three
occurred during the remainder of the year. In addition receivers were appointed to complete the
liquidation of 292 banks which suspended before or during the banking holiday and which later were
reorganized with partial payments to depositors.
In the 9 banks which were suspended during 1934, 1935 and 1936, all deposit accounts up to $5,000
were insured by the Federal Deposit Insurance Corporation.
TES
12
REPORT OF THE COMPTROLLER OF THE
CURRENCY
The following tables indicate the number of failures in all classes of
banks from 1927 to 1937, inclusive.
Suspensions of State and private banks for the calendar years 1927-37
Number
of banks
Calendar year
578
441
595
1,189
1,884
1,173
2,894
1927.
1928.
1929.
1930.
1931.
1932.
1933.
Total deposits
$153,782,000
105,903,000
189,029,000
666, 650,000
1,251,061,000
488, 541,000
1,975, 536,000
Number
of banks
Calendar year
l
Total deposits
1934
1935
—
1936
1937 (10 months).
$36,897,000
4,702,000
10,799,000
10,232,000
Total
8,929
4,893,132,000
i The abovefiguresrepresent suspensions as compiled by the Board of Governors of the Federal Reserve
System.
Suspensions of national banks for the calendar years 1927-87
Calendar year
1927
1928
1929
1930
1931
1932
1933
Number
of banks
Total deposits
Calendar year
84
57
63
148
380
269
358
$37,637,000
31,555,000
34, 382, 000
132,016,000
365. 350,000
201,987,000
215, 708, 000
1934
1935
1936
.
1937 (10 months)
__
Total
Number Total deposits
of banks
_.
1
4
1
3
$42,000
5,399,000
524,000
3,771,000
1,368
1,028,371,000
FEDERAL DEPOSIT INSURANCE CORPORATION
The Federal Deposit Insurance Corporation of which the Comptroller of the Currency is a director, was organized in the summer of
1933, and insurance up to $2,500 for each depositor became effective
on January 1, 1934. This limit was increased to $5,000 on July 1,
1934. As of June 30, 1937, there were 13,941 banks, with deposits
of $48,802,185,000 insured by the Corporation. It was estimated
that $21,400,000,000, or 44 percent, of their deposits were insured.
Of their more than 50 million depositors, over 98 percent were fully
covered by insurance, security or preferment.
During the year ended October 31, 1937, 55 bank failures occurred
in the United States. Of these banks, 47, with deposits of $14,438,000,
were insured. Four of these 47 insured banks, with deposits of
$4,294,000, were national banks; 2, with deposits of $1,707,000, were
State banks which were members of the Federal Keserve System; and
41, with deposits of $8,437,000, were State nonmember banks. In
these 47 insured banks, 95.2 percent of the deposits were covered by
insurance, offset, security or preferment, and 99.7 percent of the
depositors were covered in full.
The total assessments paid to the Corporation by all insured banks
for the year 1937, amounted to $38,811,953, of which the national
banks paid 54.83 percent. It will be interesting to note the deposits
in the various classes of insured banks, as shown in the following table.
13
EEPORT OP THE COMPTROLLER OF THE CURRENCY
Statement showing the total number of active banks and Postal Savings depositories
in the United States, by classes, as of June 80> 1987, and the percentage that the
number of each class bears to the total; also like comparison with respect to the
deposits on the same date
ALL BANKS
Banks
Number
National banks (including domestic branches).
State member banks (including domestic branches)
Nonmember insured banks (including domestic branches):
State commercial'
_
Mutual savings
....
Nonmember uninsured banks (including domestic branches):
State commercial and private *
Mutual savings
_
Postal savings depositories
Total
Deposits
Percent
Percent
(000 to
to grand Amount
grand
omitted)
total
total
fi,293
1,064
22.38
4.50
$26,715,556
14,774,490
43.73
24.19
7,528
56
31.83
.24
1,002,293
10.33
1.64
1,131
508
8,068
4.78
2.15
34.12
1,809,076
9,211,109
1, 267,627
2.96
15.08
2.07
23,648
100.00
61,089,997
100.00
BANKS INSURED W I T H T H E F E D E R A L DEPOSIT INSURANCE CORPORATION
Banks
Number
National banks (including domestic branches)._
State member banks (including domestic branches)
Nonmemberl State banks (including domestic
branches)
Mutual savings banks (including domestic
branches)
Total .
Deposits
Percent to Pertotal cent to
inall
sured banks
banks
Percent
Perto total
cent to all banks,
total including
inPostal
sured Savings
banks depositories
Amount
(000
omitted)
22.38 $26,715,556
54.74
43.73
4.50
14,774,490
30.28
24.19
54.00
31.83
6,309,846
12.93
10.33
56
.40
.24
1,002, 293
2.05
1.64
13,941
100. 00
58.95
48,802,185
100.00
79.89
5,293
37.97
1,064
7.63
7,528
BANKS N O T INSURED BY T H E F E D E R A L DEPOSIT INSURANCE CORPORATION
Banks
Number
State commercial
and private (including domestic
branches) a
Mutual savings (including domestic branches)
Postal savings depositories
Total
1
8
Includes 3 nonmember insured national banks.
Includes 3 nonmember uninsured national banks.
Deposits
Percent to Pertotal cent to
uninall
sured banks
banks
Amount
(000
omitted)
PerPercent to cent
to
total
total
uninall
sured
banks banks
1,131
608
8,068
11.65
5.23
83.12
4.78
2.15
34.12
$1,809,076
9,211,109
1,267,627
14.72
74.96
10.32
2.96
15.08
2.07
9,707
100.00
41.05
12,287,812
100.00
20.11
14
REPORT OF THE COMPTROLLER OF THE CURRENCY
The total resources of the Corporation each year since its establishment are as follows:
December 31, 1934.
December 31, 1935
December 31, 1936
June 30, 1937
$333, 283, 352
337, 209,795
353, 171, 605
368, 521, 360
NATIONAL CHARTERS ISSUED
During the annual report year, only eight primary charters were
issued for national banks, in keeping with the policy of avoiding the
recurrence of the over-banked condition which has been regarded as
a contributing factor to the banking collapse of March 1933.
RETIREMENT SYSTEM
The retirement system for national bank examiners, assistant
examiners and clerks, authorized by Congress and placed into effect
on June 1, 1936, covered 734 persons on October 31, 1937. Up to
that time 6 death benefits, amounting to $4,278.87, had been paid,
and one retirement had occurred. The present assets of the system
are as follows:
Treasurer's account
U. S. Government bonds
Unamortized premiums paid
Accrued interest purchased
Expenses paid
$38, 371. 77
665, 000. 00
1, 946. 74
437. 50
300. 00
Total
$706, 056. 01
While the system has hardly been in operation for sufficient time to
furnish a basis for reliable conclusions as to its future operations, the
evaluation indicates that it is operating on a conservative basis, with
liabilities approximately as anticipated.
LEGAL DIVISION
The Legal Division of the office of the Comptroller of the Currency
is called upon for a great variety of services to national banks in connection with both going and insolvent institutions. It is called upon
to advise upon prospective banking legislation, and to interpret the
provisions of the national banking laws. It also advises upon matters
of capital changes of national banks and determines questions in connection with consolidations, conversions, voluntary liquidations, and
reorganizations. A large portion of the work of the Legal Division
still consists of services in connection with the liquidation of insolvent
national banks in receivership.
Although each receiver in the field has local counsel, the Legal
Division of this office, by reason of its personnel being trained specialists in the legal problems arising incident to such liquidation, supervises all important litigation growing out of the receivership work.
In addition, the Legal Division is constantly advising the receivers,
and through the receivers, their attorneys, upon various legal problems and questions concerning the rights and liabilities of the receivers,
even where litigation is not involved.
All appellate cases are actively supervised by this division, the
pleadings and record are examined, citations of authorities are given,
EEPORT OF THE COMPTROLLER OF THE CURRENCY
15
and in many instances the briefs are entirely revised or rewritten in
this office. Where necessary, attorneys from the office participate in
the field in the argument of these cases. All cases reaching the
Supreme Court of the United States incident to the receivership work,
are (except in occasional instances), participated in or handled entirely by the attorneys of this division. As of October 31, 1937, there
had been appointed 755 general attorneys and 836 special attorneys
to represent receivers in the field. In the various receiverships
throughout the country, approximately 10,000 cases are now pending.
During the year ending October 31, 1937, the Legal Division prepared and argued six cases in the Supreme Court, winning four and
losing two. Three additional cases in the Supreme Court were prepared and argued by local attorneys for the receivers, and of these
two were lost and the decision in one was in favor of the receiver.
Petitions to the Supreme Court for writs of certiorari to review
decisions which had been rendered in favor of the receivers in the
circuit courts of appeal were filed by the private litigants in 17
cases. The Supreme Court denied certiorari in 12 of the cases
(thereby permitting the decisions to stand in favor of the receivers),
and granted the writs for review in 5 of them. Petitions for writs
of certiorari were filed by receivers in 16 cases to review decisions
rendered adversely to the receivers by the circuit courts of appeal.
Eight petitions were granted and eight denied.
Sixty-four cases were decided by the United States circuit courts
of appeal during the year. Forty-one of these cases were decided in
favor of the receivers, and 23 were decided against the receivers.
Two of the cases reaching the Supreme Court may be especially
noted. Barbour v. Thomas^ 86 Fed. (2d) 510, certiorari denied, 57
Sup. Ct. 513, decided in favor of the receiver, sustained a stock assessment of a face value of approximately $25,000,000. The case established important principles of law relating to holding companies and
the real as distinguished from the record ownership of stock. Me»
chanics Universal Joint Company y. Culhane, 299 U. S. 51, decided in
favor of the receiver, passed upon important questions of law concerning the rights and duties of officers and directors of national banks*
SUGGESTIONS FOR LEGISLATION
Since the national banks are functioning successfully under the
existing laws governing them, the only recommendation made for
additional banking legislation other than suggestions made in earlier
reports which have not been acted upon, is with reference to loans
to executive officers.
Section 12 of the Banking Act of 1933, approved June 16, 1933,
prohibited executive officers of banks which are members of the
Federal Reserve System from becoming indebted to their banks.
Officers who were indebted at the time were given 2 years in which
to pay their obligations. This section was amended by House Joint
Resolution 320, approved June 14, 1935, to extend the time in which
executive officers could pay their indebtedness to June 16, 1938.
The Banking Act of 1935 permitted an executive officer, with the
prior approval of a majority of the entire board of directors of the
bank, to become indebted to the bank in an amount not to exceed
$2,500. On June 30, 1933, 4,404 national banks held direct loans of
16
REPORT OF THE COMPTROLLER OF THE CURRENCY
their executive officers in the sum of $93,743,000, and indirect loans
in the amount of $43,487,000. On June 30, 1937, these direct liabilities had been reduced 69.83 percent and amounted to $28,281,000,
while the indirect obligations were reduced 62.11 percent and amounted
to $16,477,000, and 1,283 of these banks showed no liabilities of their
executive officers. It would seem that the officers had in good faith
made an effort to pay their obligations and to comply with the express
will of the Congress. In view of this fact, it is recommended that an
additional year be given to the executive officers to pay the balance
of their indebtedness. This will give a total of 6 years, and it would
seem that further extension could not be justified.
MAJOR PERSONNEL CHANGES
On October 15, 1937, the office of the chief national bank examiner
of the fifth Federal Reserve district, located in the city of Washington,
was consolidated with the examination division of the office and the
duties of the district chief examiner were assumed by the chief national bank examiner attached to this office. Mr. I. I. Chorpening,
the chief examiner for the fifth district, was transferred to the examining force of the second Federal Reserve district. This change eliminated a duplication of offices in Washington and effected a material
reduction in operating expenses.
Owing to the substantial decrease in the number of active receivers
requiring attention from the Legal Division, a considerable reduction
will be made in its personnel, in the interest of economy of administration. A similar decrease in personnel will be effected in the Insolvent Bank Division in view of the rapid termination of receiverships and the small number of new receiverships which have been
added.
ASSAY COMMISSION
The annual Assay Commission, appointed by the President to test
the weight and fineness of certain coins reserved by the several mints
during the year, met at the United States Mint at Philadelphia on
February 10. The Comptroller of the Currency, as an ex officio
member of the committee, was in attendance. The proceedings of
the Commission may be obtained from the Director of the Mint.
SUMMARY OF ACTIVITIES OF THE BUREAU 1933-37
During the 12-year period from 1921 through 1932, 10,664 banks of
all classes^with deposits of $4,665,531,000, failed in the United States.
The banking situation became increasingly alarming. Fear spread
among depositors, heavy withdrawals occurred throughout the
country, and the complete collapse of the banking structure appeared
imminent. Prompt and courageous steps were necessary to avoid such
a catastrophe, and on March 6, 1933, the President issued a proclamation temporarily closing all banks in the nation until a program could
be developed for dealing with the situation. On March 9, Congress
passed, without a dissenting vote, the Emergency Banking Act to
provide relief in the national emergency in banking.
The following summary indicates the steps which have been taken
and the progress which has been made in restoring the national
banking structure to its present sound status. The summary covers
the period from March 16, 1933, the end of the banking holiday, to
October 31, 1937.
1. The first problem confronting the office was the disposition of
1,417 national banks with unsecured liabilities of $1,922,698,738,
which were denied licenses to open at the conclusion of the banking
holiday. By February 6, 1935, all of these banks had been disposed
of, 1,114 having been reorganized under various plans, 290 having
been placed in receivership following disapproval of reorganization
plans, and 13 having gone into voluntary liquidation. A total of
$1,562,739,935, or 81.28 percent, has been made available to the
depositors and creditors of these banks. ^
2. To assist in strengthening the capital structure of going banks,
the President appointed a committee on October 23, 1933, of which
the Comptroller was a member, to pass upon the purchase by the
Reconstruction Finance Corporation, of preferred stock of State and
national banks. Since this time, 2,263 national banks have issued
preferred stock aggregating $564,245,550, of which $498,977,944 was
purchased by the Keconstruction Finance Corporation, and $65,267,606 was purchased locally. By October 31, 1937, 408 banks had
retired in full, preferred stock aggregating $182,685,400, and^ 1,267
banks had effected partial retirements and decreases amounting to
$90,956,320, leaving a total of $290,603,830 outstanding. Coincident
with these retirements of preferred stock, common capital of national
banking associations, exclusive of newly organized banks, was increased by $80,422,435.
3. To expedite the liquidation of all receivership banks and the
payment of dividends to depositors, a Deposit Liquidation Board, of
which the Comptroller was a member, was appointed by the President
on October 15, 1933. Under the supervision of this committee, the
Reconstruction Finance Corporation made loans to receivers of na*
tional banks in the total amount of $389,399,367, of which $380,498,632 had been repaid by October 31, 1937. Going banks took
over some of these receivership loans from the Reconstruction Finance
Corporation, and also made original loans to receivers, the total of
17
18
REPORT OF THE COMPTROLLER OF THE CURRENCY
all such loans by going banks amounting to $59,403,686, of which
$53,952,233 had been repaid by October 31, 1937.
4. To facilitate the work of liquidation, a reorganization of the
work of the Insolvent Bank Division was made in January 1937,
and several special units were established to handle various phases
of liquidation.
5. More receiverships were terminated during the year ended
October 31, 1937, than in any previous annual report year, the total
number of terminations being 341.
6. During the period from March 16, 1933, to October 31, 1937,
815 receiverships were terminated. Total disbursements to their
depositors and other creditors amounted to $315,943,544, or 79.35
INSOLVENT NATIONAL BANKS
Disposition of Collection Dollar (Including Offsets Allowed) in Closed
Receivership Banks the Liquidation of Which Has Been Completed
815 Receiverships Liquidated and
Closed Period March 16.1953 to October 5!, I93r
percent of total liabilities established. This may be compared with
the termination of 729 receiverships during the 21-year period from
1912 through 1932, an average of 35 a year.
7. The total cost of liquidation in all receiverships terminated during the period covered in this summary was 7.13 percent. In other
words, the depositors received over 92 % cents out of every dollar
collected. ^
8. Public auction sales for the disposition of real estate held by
receivers were introduced, where practicable, in connection with the
termination of some of the receiverships. In 132 receiverships,
5,571 property items with estimated liquidation value of $5,000,000
were disposed of in this manner. In addition, private sales of 2,329
receivership property items were made, resulting in total sales,
private and auction, of approximately $31,000,000.
9. The policy has been adopted of consolidating several receiverships under one receiver when the assets have been reduced to the
19
REPORT OF THE COMPTROLLER OF THE CURRENCY
point where a receiver's full time is not required. As of October 31,
1937, there were 367 receivers with an average of 2.4 receiverships
per receiver, and with as many as 10 receiverships under 1 receiver.
This has involved little or no increase in the average salaries of
receivers and has made possible corresponding economical consolidations of receivers' staffs of clerks and assistants.
10. For a period of 22K months, from September 30, 1935, to
August 14, 1937, only one national bank failure occurred, a record
which had not been equalled for nearly 66 years. Only 12 national
banks have failed since the conclusion of the banking holiday, and
9 of these were insured by the Federal Deposit Insurance Corporation.
Three banks failed prior to January 1, 1934, before insurance became
effective.
11. A new high record for deposits of national banks was reached
on December 31, 1935, when 5,392 banks reported deposits of
$24,847,733,000. The deposits continued to show an increase on
each successive call date until December 31, 1936, when total deposits
of $27,608,397,000 were reported by 5,331 national banks. This is
the highest figure ever reported in the history of the national banking
system. At the date of the last call, on June 30, 1937, deposits of
$26,765,913,000 were reported by 5,299 banks, exceeding by $9,991 r
798,000, or 59.57 percent, the deposits of $16,774,115,000 reported
by 4,902 banks on June 30, 1933, the first call following the banking
holiday.
National banks, total deposits and number of national banks, 1912-87
Number
of banks
June30—
1912
1913
1914
1915-_
1916
1917
1918.
1919
1920
1921
1922
1923. _
1924
.
...
7,372
7,473
7,525
7,605
7,579
7,604
7,705
7,785
8,030
8,154
8,249
8,241
8,085
Deposits
$8,064,193,000
8,143,929,000
8, 563,751,000
8,821, 241,000
10,963,030,000
12, 798,915,000
14,047,849,000
15,941,926,000
17,166,570,000
15,148, 519,000
16,328,820,000
16,906, 549,000
18,357,293,000
June 30—
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
Number
of banks
8,072
7,978
7,796
7,691
7,536
7,252
6,805
6,150
4,902
5,422
5,431
5,374
5,299
Deposits
$19,921,796,000
20,655,044,000
21,790,572,000
22, 657, 271,000
21, 598, 088,000
23,268,884,000
22,198,240,000
17,460,913,000
16, 774,115,000
19,932,660,000
22, 518,246,000
26,200,453,000
26,765,913,000
12. Loans and discounts, including overdrafts, of national banks on
June 30, 1937, were $8,812,895,000, exceeding by $693,123,000, or
8.54 percent, thefigurereported on June 30, 1933.
13. The highest figure ever reported for total assets of national banks
was on December 31, 1936, when they amounted to $31,070,441,000,
surpassing by 1.57 percent the previous high record of December 31,
1928, when there were 2,304 more banks in operation. The assets
reported on June 30, 1937, were $30,337,071,000, or an increase
of 45.43 percent since June 30, 1933.
14. In the 4-year period from June 30, 1933, to June 30,1937, loans
and investments of national banks increased 35.14 percent; cash and
exchange, including reserve with Federal Reserve banks, increased
103.40 percent; capital stock increased 4.39 percent; and surplus,
profits and reserves increased 21.56 percent.
20
REPORT OF THE COMPTROLLER OF THE CURRENCY
15. The highest figure ever shown for net profits before dividends
was that of $313,826,000, taken from the consolidated returns of all
national banks for the year ended December 31, 1936. The net
profits of $286,561,000 for the year ended June 30, 1937, represented
an increase of $504,945,000 over the year ended June 30, 1933, when
the consolidated returns showed a deficit of $218,384,000.
NATIONAL
BANKS
TOTAL DEPOSITS AND NUMBER OF NATIONAL BANKS
1912 — 1937
A* of June
BILLIONS
3,000
4,000
3,000
2,000
J,000
16. It is believed that a new high record for deposits of all classes
of banks in the country was reached on December 31, 1936, when the
15,704 active associations reported $61,155,014,000. This is the first
date for which the Comptroller's Office received returns of all classes
of banks at the end of the calendar year, so comparable figures for
former calendar years are not available in this office. The highest figure
recorded for a June call, however, was $59,847,195,000 reported by
24,079 banks in 1930. On June 30, 1937, the total deposits of the
15,580 active banks were $59,822,370,000.
REPORT OF THE COMPTROLLER OF THE CURRENCY
21
17. In the 4 years from June 30, 1933, to June 30, 1937, the ratios
of increases in the principal items of assets and liabilities of all banks
were as follows: Loans and investments, 23.94 percent; cash, balances
with other banks and.reserve with reserve agents, 101.28 percent; total
assets, 34.38 percent; total deposits, 44.03 percent; capital stock,
including capital notes and debentures, 12.11 percent, and surplus,
profits and reserves, 11.15 percent.
18. The development of trust activities in national banks is emphasized by comparing the figures for 1937 with those for 1933. This
reflects an increase during the 4-year period of 40,615, or 36.54 percent,
in the number of trusts being administered; an increase of $3,344,~
739,387, or 52.99 percent, in the volume of individual trust assets
under administration, and an increase of $151,605,728, or 1.46 percent,
in the volume of note and bond issues outstanding for which national
banks were acting as trustees. Growth in earnings from trust department operations has kept pace with the increased volume of trusts
under administration as revealed by the fact that during the fiscal
year ended June 30, 1937, gross earnings aggregating $33,779,000 were
reported as against $21,461,000 in 1933, representing an increase of
$12,318,000, or 57.40 percent
19. Primary charters were issued for only 73 national banks during
the period from March 6, 1933, to October 31, 1937. This may be
compared with the figure of 387 primary charters issued during the 5
years from November 1927 through October 31, 1932.
20. In August of 1937, the Comptroller requested a list of all
assistant national bank examiners who had been in the service 10
years or more. There were 28 such assistant examiners located in
9 of the 12 Federal Eeserve districts. On September 1, the Comptroller wrote to each of the chief examiners in charge of these Federal
Reserve districts, setting forth his previously expressed policy of
filling vacancies on the examining staff by promotioD from the ranks
of assistant examiners, calling their attention to the assistants who
had been in the service 10 years or more, and requesting a statement
of their views and recommendations regarding each of these assistants.
As the result of this investigation some of the assistants were immediately given an examination and appointed examiners and a large
percentage of the others will be promoted as vacancies occur. Since
the present Comptroller took office in May 1933, 89 assistant examiners have been promoted to the position of national bank examiner.
Of these men, 79 were assistant examiners at the time the Comptroller
took office.
21. Since the banking holiday of 1933, the Legal Division of the
office (in cooperation with its field attorneys) has handled approximately 50,000 cases in the various trial and appellate courts, including
the Supreme Court of the United States. They involved practically
every phase of national bank receivership operations and have clarified
and settled and virtually restated the maze of legal principles governing
the subject. These decisions constitute, in the aggregate, a distinct
and important contribution to the great body of the law relating to
bank liquidation.
22. OD February 15, 1936, regulations governing the purchase of
investment securities and further defining the term "Investment
securities" as used in section 5136 of the Revised Statutes, as amended
by the Banking Act of 1935, were promulgated and sent to all member
22
REPORT OF THE COMPTROLLER OF THE CURRENCY
banks. The principal difference between these regulations and those
previously issued by the Office of the Comptroller of the Currency
was the raising of the standard of eligible investment securities and
the prohibiting of investing in speculative issues.
23. In 1935 the Comptroller formulated a code of ethics for bankers
designed to establish professional standards for those engaged in
banking. The suggested code was enthusiastically received and a
number of State bankers' associations published copies of it and distributed them to their members.
24. The retirement system for national bank examiners, assistant
examiners, and clerks on the examining force, recommended by the
Comptroller and authorized by the Seventy-fourth Congress, was
placed in effect on June 1, 1936. On October 31, 1937, its benefits
covered 734 employees.
25. Under the provisions of the Banking Act of 1933, the Comptroller of the Currency was named as a member of the Board of the
Federal Deposit Insurance Corporation. As there were over 8,000
State banks which had to be examined before the insurance became
effective on January 1, 1934, and as the other two members of the
Board did not take office until September 11, 1933, it was necessary
for the Comptroller to lay the foundation for the organization of the
Corporation. This preliminary work included building up a force of
competent examiners; correspondence with the governors of the
various States relative to possible legislative or constitutional changes
or amendments necessary within the States to enable nonmember
banks therein to take advantage of Federal Deposit Insurance, and
relative to the banking situation in the several States; and the drawing
up of a preliminary chart covering the activities of the Corporation,
On January 1, 1934, 13,423 banks were insured. On June 30, 1937,
13,941 banks with deposits of $48,802,185,000 were insured, 44 percent
of their deposits, and over 98 percent of their depositors, being covered
in full. From January 1, 1934, to October 31,1937, 184 banks, with
deposits of $72,366,000, failed in the United States, of which 117,
with total deposits of $34,110,000, were insured. Nine of these 117
banks, with deposits of $9,736,000, were national banks; 2, with
deposits of $1,707,000, were State banks which were members of the
Federal Reserve System; and 106, with deposits of $22,667,000, were
State nonmember banks. Approximately 89.6 percent of the deposits
in these 117 insured banks were covered by insurance, offset, security
or preferment, and over 99 percent of the depositors were covered in
full.
26. In June 1936 the Examination Division inaugurated the publication of a periodical entitled "Bulletin of the Comptroller of the
Currency," for distribution among all field examiners. This periodical
contains excerpts from letters and other official data constituting the
administrative "rulings" of the Office. It is published in such form
as to provide convenient and ready reference by the examiner in the
field, and has been valuable in maintaining throughout the country
a uniform application of the laws and regulations relative to the
operation of national banks.
27. During 1936 the Bureau issued a compilation of Federal Laws
Affecting National Banks as of January 1, 1936, and also published
Volume V of the Digest of Decisions Relating to National Banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY
23
28. The Comptroller is required by law to include in his annual
report to Congress recommendations for any amendment to the laws
relative to banking by which the system may be improved. Following
is a summary of all such recommendations made by the present
Comptroller:
A. In the reports for the years ended October 31, 1933 and 1934,
recommendations were made for various corrective and clarifying
legislation, with particular reference to the Banking Act of 1933.
These recommendations were favorably acted upon by Congress and
are now a part of the laws relating to national banks. The points
covered were as follows:
(1) The provisions of law requiring the publication of reports of
affiliates were modified and the requirement that a holding company
affiliate obtain a voting permit in order to vote its shares of stock in
a bank in favor of the voluntary liquidation thereof was eliminated.
(2) 'The conflict between the provisions of law requiring that
Federal officials obtain interest on deposits of public funds and the
provision prohibiting the payment of interest on demand deposits by
banks to such Federal officials was eliminated.
(3) Power was given to the Board of Governors of the Federal
Reserve System to define the term "executive officer/' and the time
limit within which loans by banks to their executive officers made
prior to June 16,1933, may be renewed was extended to June 16, 1938.
(4) National banks were authorized to deal in securities and stocks
to the extent of purchasing and selling certain securities and stocks
without recourse solely for the account of their customers.
(5) The provisions of law dealing with consolidation were amended
to provide for effective passage of fiduciary powers of the constituent
banks to the consolidated bank, for accountability to dissenting stockholders for the proceeds of the sale of stock in excess of the appraised
value thereof, and to meet the situation where one appraiser refuses
to agree with the other two appraisers.
(6) The denial of the right to vote shares of its own stock held by
a national bank as sole trustee was modified so that now only the
matter of the election of directors is so affected.
(7) The right of the bank to deduct dividends on preferred stock
owned by Reconstruction Finance Corporation from its gross income
in computing its net income for tax purposes placed banks that had
issued preferred stock to Reconstruction Finance Corporation on a
parity with banks that had issued capital notes or debentures to
Reconstruction Finance Corporation.
(8) Provision was made whereby the so-called double liability attaching to the ownership of common stock of national banks could
be terminated.
(9) Provision was made that prior to the payment of cash dividends
upon the shares of common stock of a national bank, a transfer of a
percentage of the net earnings of the bank for the preceding 6-months
period to its surplus account should be made until such time as its
surplus account equaled the amount of its common capital.
(10) The conflict between the provision of law permitting national
banks to deal in, underwrite, and purchase for their own accounts
obligations of the United States and certain other specified obligations, on the one hand, and prohibiting any corporation engaged in
the business of issuing, underwriting, selling, or distributing stocks,
27021—38
3
24
REPORT OF THE COMPTROLLER OF THE CURRENCY
bonds, debentures, notes, or other securities, from engaging at the
same time to any extent whatever in the business of receiving deposits
subject to check, on the other hand, was eliminated.
(11) Provisions were made in the laws relating to insured banks
(a) that authorized Federal Deposit Insurance Corporation to make
loans secured by, or to purchase, the assets of an open or closed
insured bank in order to reduce a risk or avert a threatened loss to that
Corporation; (b) that empowered the Board of Federal Deposit
Insurance Corporation to pass upon the granting of insurance to State
nonmember banks; and (c) that required insured State nonmember
banks to make reports of condition to Federal Deposit Insurance
Corporation and to publish such reports in the manner prescribed by
that Corporation.
B. The following recommendations contained in the annual report
for the year ended October 31, 1935, were enacted into law:
(1) Provision for extending the time limit within which the Federal
Deposit Insurance Corporation may make loans secured by, or may
purchase, the assets of an open or closed insured bank in order to
reduce a risk or avert a threatened loss to the Corporation.
(2) Provision for extending the corporate existence of trust companies in the District of Columbia.
C. Bills have been introduced and are now before the Congress for
consideration in connection with the following recommendations
made in the annual report for 1935:
(1) Revision of the Code of Laws for the District of Columbia
relating to building and loan associations.
(2) Provision for the transfer of jurisdiction of the credit unions
chartered under the Code of Laws for the District of Columbia from
the Comptroller of the Currency to the Farm Credit Administration,
which has jurisdiction over the Federally chartered credit unions.
D. No action has been taken upon the following recommendations
made in the 1935 annual report:
(1) Amendment of the provision relating to the payment of cash
dividends by national banks upon their shares of common stock.
(2) Amendment of the provision relating to the capital requirements
for the conversion of a State bank into the national banking system.
E. No additional recommendations for legislation were made in the
1936 report.
F. The Banking Act of 1933 prohibited member banks from making
loans to their executive officers, and set a limit of time within which
outstanding loans were to be repaid. In 1935, this time limit was
extended to June 16, 1938. The only recommendation for legislation
made in the present report is that the time be extended for another
year, in view of the substantial reductions made in the amount of these
outstanding obligations.
29. In accordance with the order issued by Hon. Henry Morgenthau,
Jr., Secretary of the Treasury, on March 11, 1935, calling for redemption United States Panama Canal and Consolidated bonds which had
the circulating privilege, and due to the expiration of the circulating
privilege on certain other United States bonds, national bank notes
amounting to $612,962,150 have been retired. There is at present
outstanding $251,115,885 in such notes.
30. At the request of the Board of Governors of the Federal Reserve
System, this Bureau issued $5,879,660,000 in Federal Reserve notes
March 16, 1933, to October 31, 1937.
Digitized forfrom
FRASER
NATIONAL BANKS IN THE TRUST FIELD
The administration of trusts in the national banking system during
the fiscal year ended June
30, 1937 reflected continued development of
this important activit3r. The statistics reveal that 1,913 national
banks had authority to exercise trust powers, with a combined capital
of $1,301,368,385, and banking assets of $26,205,955,724, representing
36.10 percent of the number, 81.96 percent of the par value of capital,
and 86.38 percent of the assets of all banks in the national banking
system.
Trust departments had been established by 1,551 of these banks
and 135,772 individual trusts were being administered with assets
aggregating $9,656,397,140. Seven hundred and seventy-two of these
banks were also administering 15,983 corporate trusts and acting as
trustees for note and bond issues amounting to $10,570,032,665.
Compared with 1936 these figures represent an increase of 2,930 in
the number of individual trusts being administered; an increase of
$91,745,854 in the volume of individual trust assets under administration; a decrease of 1,014 in the number of corporate trusts, with
a reduction of $597,536,477 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 70,665 or 46.57 percent were those created under private
or liviDg trust agreements; 65,107 or 42.90 percent were trusts being
administered under the jurisdiction of the courts and the remaining
15,983 or 10.53 percent were trusteeships under corporate bond or
note-issue indentures. Private trust assets comprised $7,788,959,078,
or 80.66 percent, of the total assets under administration, while the
remaining $1,867,438,062 or 19.34 percent belonged to court trusts.
An analysis of the $8,135,313,923 of invested trust funds belonging
to private and court trusts under administration revealed that 48.95
percent were in bonds; 31.41 percent in stocks; 7.14 percent in real
estate mortgages; 7.32 percent in real estate; and 5.18 percent consisted
of miscellaneous assets.
The development of trust activities in national banks is emphasized
by comparing the record in 1937 with that of 1933 which reflects an
increase during the 4-year period of 40,615, or 36.54 percent in the
number of trusts being administered; an increase of $3,344,739,387,
or 52.99 percent in the volume of individual trust assets under administration and an increase of $151,605,728, or 1.46 percent in the volume
of note and bond issues outstanding for which national banks were
acting as trustees.
*
Growth in earnings from trust department operations has kept pace
with the increased volume of trusts under administration, as revealed
by the fact that during the fiscal year ended June 30,1937 gross earnings
aggregating $33,779,000 were reported as against $30,259,000 in 1936
and $21,461,000 in 1933, representing a gain of $3,520,000 or 11.63
percent over 1936 and an increase of $12,318,000 or 57.40 percent
over 1933.
25
26
REPORT OF THE COMPTROLLER OF THE CURRENCY
Two hundred and ninet3^-nine national banks were acting as
trustees under 1,213 insurance trust agreements involving $55,705,783
in proceeds from insurance policies, while 702 national banks had been
named to act as trustees under 16,259 insurance trust agreements not
yet matured or operative supported by insurance policies with a face
value aggregating $639,827,330.
Four hundred and one of the banks spent $244,465 during the year
for trust advertising; 37 banks employed full-time trust solicitors,
and 71 banks utilized the services of part-time trust solicitors.
The advertising value of including the words "Trust Company"
in the title of a national bank having authority to exercise fiduciary
powers is being recognized, as evidenced by the increasing number of
such institutions availing themselves of this privilege, 279 banks
having already obtained permission from this office to amend their
titles in this respect.
Two hundred and forty-three banks were acting as transfer agents
for 2,458 accounts involving $2,185,212,186, and 369 banks were
acting as registrars of stocks and bonds for 4,044 accounts involving
$4,477,638,034.
An analysis of the new trust accounts placed on the books of the
national banks between June 30, 1936 and June 30, 1937, developed
that 283 banks were named trustees for 1,089 bond and note issues
aggregating $887,908,901; 873 banks were named to act as individual
trustees under 6,250 agreements involving $345,634,961; 781 banks
were named to act under 2,901 executorships involving $204,857,152;
572 banks were named as administrators under 1,677 appointments
involving $24,092,583; 546 banks were named under 2,666 guardianships involving $12,528,417; 17 banks were named to act as assignees
in 45 instances involving $2,268,823; 28 banks were named to act in
82 receiverships involving $1,377,635; 140 banks were named to act
as committee of estates of lunatics in 400 cases involving $2,657,290,
while 412 banks were named to act 6,546 times in miscellaneous
fiduciary capacities other than those enumerated above, involving
$658,717,018.
One hundred and five banks were named to act as registrars of
stocks and bonds in 348 cases involving $444,840,088, while 77 banks
were named to act as transfer agents in 362 instances involving
$100,221,679.
National-bank branches numbering 345 on June 30, 1937, were
actively engaged in administering 12,843 trusts, with individual
trust assets aggregating $688,756,609, and were acting as trustees for
outstanding note and bond issues amounting to $262,558,097.
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 30, 1937, segregated according to capital
Banks
with
capita]
of $25,000
Banks
with capital over
$25,000 to
$50,000
Number of national banks with trust powers but not administering t r u s t s . . .
Number of national banks with trust powers administering trusts..Total number of rational banks authorized to exercise fiduciary
powers
39
148
Total assets of banking departments of national banks authorized to exercise fiduciary powers
_. $19,795,078 $122, 570,050
Investments
Deposits in savings banksDeposits in own bank
Deposits in other b a n k s . . _
Other assets
TRUST ASSETS
TotalPrivate trusts.
Court trusts.. .
LIABILITIES
TotalTotal 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 trustsNumber of living trusts being administered
Total
number
of individual
trusts being administered.
Number
of court
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 trustsNumber of insurance trusts being administered
Average volume of insurance trust assets in each bank
Average volume of insurance trust assets in each trust
Banks with
capital over
$50,000 to
$100,000
Banks with
capital over
$100,000 to
$200,000
127
255
67
471
43
432
16
315
362
1,551
382
538
475
331
1,913
Banks with
capital over
$500,000
Total
[, 695, 697 $1, 493, 651, 457 $2, 595,073, 456 $21, 340,169,986 $26,205, 955, 724
$233, 740
1,115
34, 432
591
6,801
$2, 916, 754
129, 682
367, 419
23, 220
28, 033
$33, 008, 045
838,560
3, 063, 763
96, 221
1,125, 284
$189, 258, 685
2. 201, 221
11, 707, 475
855, 220
6, 032, 802
276, 679
3, 465,108
38,131, 873
210, 055, 403
$75, 050
201, 629
$413, 832
3,051, 276
$14, 649, 409
23,482, 464
$112, 030, 461
98, 024, 942
276, 679
3, 465,108
38,131, 873
210,055, 403
$99, 700
7
9
1
$802, 600
33
54
$11, 717, 273
182
231
41
$21,283
$6,917
Banks with
capital over
$200,000 to
$500,000
M
8, 811, 594, 340 9, 653, 397,140
$354, 719, 244 $7, 307,071, 082 $7, 788, 959. 078
238,154, 493 1, 504, 523, 258 1,867,438,062
592, 873, 737
8,811,594,340
9, 656, 397,140
, 187, 730 $177, 462,984 $10, 313, 702, 378$10, 570,032, 665
381
385
301
1,289
439
298
403
1,434
191
247
772
80
343
1,206
2,557
5,371
11,211
11,200
16, 447
52, 792
34, 525
70, 665
65,107
423
3,763
189
16, 582
27, 647
1, 373
87, 317
13, 718
135, 772
15, 983
432
$53, 309
$8,192
1
3
$15,106
$50, 353
3.952
$149,537
$10,133
17, 275
$445,978
$12,668
36
45
$35, 552
$28, 441
29, 020
$1,372,393
$21, 444
88
169
$91, 646
$47, 721
101,035
$27, 973.315
$100, 915
16,8
990
$274,850
$46, 641
151. 755
56, 225,917
$71.122
299
1,213
$186, 307
$45, 924
$5,877
$5,877
H
o
o
$529, 936, 766 $7, 379, 959, 933
5,467,966
16, 713, 262
24,049,131
463,372,453
2, 531. 517
7, 895, 847
30, 888, 357
945, 652, 845
592, 873, 737
n
d
o
fcO
Fiduciary activities of national banks during year ended June SO, 1937, segregated according to capital—Continued
to
00
Banks
with
capital
of $25,000
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
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, 1937
Average gross earnings per trust department reporting trust earnings for
fiscal year ended June 30, 1937
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
_
Banks
with capital over
$25,000 to
$50,000
5
11
$280, 386
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
Total
3
35
307
$2,080,794
146
551
$15,358, 632
243
2,272
$75,357,499
273
13,118
$546, 750,019
2
$125
Banks with
capital over
$500,000
$56,077
$59,451
$105,196
$310,113
$25, 489
$52
$6,778
$66
$27,874
$95
$33,168
$445
4
$24
$1,136
36
$75
$3,870
98
$139
3
32
$6,004
118
$325
48
$2, 002, 747
$41,679
$295
$96, 652
145
$1, 308
34
21
702
16, 259
$639,827, 330
23
$911, 435
$39,352
$225
$23,952
401
$610
37
71
Fiduciary activities of national banks during year ended June 30, 1937, segregated according to population of places in which banks were located
Places with
population less
than 1,000
Number of national banks with trust powers but not administering trusts
Number of national banks with trust powers administering trusts
Total number of national banks authorized to exercisefiduciarypowers..
Total assets of banking departments of national banks authorized to exercise
fiduciary powers
_
._.
TRUST ASSETS
Investments
Deposits in savings banks
Deposits in own bank
>-
--
_. -_
..
24
34
1,000 to 2,499
67
121
2,500C o 4,999
67
207
5,000 to 9,999
83
259
10,000 to 24,999
68
338
25,000 to 49,999
22
198
58
188
274
342
406
220
$75,545,507
$226,136,767
$457, 677, 261
$800,085, 482
$1, 554,032, 250
$1, 276,190,112
$2, 609,378
$33,243
327,096
$15, 201, 509
177,844
1,823,366
$38, 539,840
463,422
2,808,031
$68,879,810
809,509
5,488,962
$233,811. 274
3,959,856
12, 025,035
$241,148,187
1,843,512
14,328,432
w
Q
O
O
H
W
Deposits in other banks.
Other assets
Total.
Private trusts..
Court-trusts—
TotalTotal 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 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 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 agreement
not operative
Average volume of insurance policies per trust held under agreements not
operative
Average gross earnings per trust for fiscal year ended June 30,1937
Average gross earnings per trust department reporting trust earnings for fiscal
year ended June 30, 1937
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
_
10,056
13,772
63,665
166,540
314,980
854,167
246,798
3,389, 789
1,062, 434
5, 200, 524
90,163
17,379,951
2,993, 545
17, 432,924
42,980, 440
78,814,868
256,059,123
274,790,245
$1,359,776
1,633, 769
$7, 806,651
9,626, 273
$14,126, 022
28,854,418
$31,709, 543
47,105, 325
$124,213, 745
131, 845,378
$165, 637, 765
109,152,480
s
2,993, 545
17, 432,924
42,980,440
78,814,868
256,059,123
274, 790, 245
1, 287,450
25
30
$3, 221,355
80
107
24
$17,444, 324
155
192
60
$20,448, 506
195
240
103
$50,291,117
287
317
161
$71, 798,883
179
185
119
276
272
575
1,647
1,742
4,283
2,968
6,640
4,944
9,872
4,288
6,350
M
548
15
2, 222
6,025
253
9,608
274
14,816
728
10, 638
H
563
$88, 045
$5,463
6,278
$207, 635
$7,134
12
14
$36,164
$30,998
38
103
$2, 528, 245
9,882
$304, 305
3
15
$220, 285
5
2,285
$144, 074
$7,846
3
4
$18, 562
$13,922
18
46
$834,937
2
$9,381, 206
5
15, 544
$757, 571
$17, 283
33
58
$40,970
$23,310
138
947
$21, 027, 248
7
11, 328
$1, 387, 830
$25,831
39
82
$36,827
$17, 515
118
961
$30,122, 372
8
$73,428
$46,385
$66, 533
$137,959
$152,371
$255, 274
$14,686
$67
$18,151
$45
$24, 546
$23,871
$47
$22, 204
$107
$31,345
$110
$1,221
5
$54
$1,007
18
$78
$1,427
35
$1,996
42
$122
1
16
5,299
83
$202
1
12
$6,614
56
$282
1
5
19
21
$26, 742
$24,196
a
o
3g
I
3
1-3
w
Q
d
j
O
l
to
CO
Fiduciary activities of national banks during year ended June SO, 1937, segregated according to population of places in which banks were locatedPlaces with
population
50,000 to
10
Number of national banks with trust powers but not administering trusts
139
Number of national banks with trust powers administering trusts
Total number of national banks authorized to exercisefiduciarypowers..
149
Total assets of banking departments of national banks authorized to exercise
$1, 483,251,143
fiduciary powers
_
.
100,000 to
249,999
-
_
i
Total
-
..
_
-
517,748,027
LIABILITIES
Private trusts
Court trusts
...
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 numbers 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..
$456,107,097
2,159, 345
19,141, 735
1,712,313
38, 627, 537
$298,891,456
218,856,571
517,748,027
$195,653, 924
127
130
1,000,000 or
over
500,000 to
250,000 to
7
112
41
119
83
27
$2,460,276, 329
!, 464,172, 640
$4,478,000, 798
47
Total
362
1,551
$26, 205,955, 724
$980,924, 682 $4,116,323,114
1, 632, 484
4, 228, 648
325,843, 639
45, 669,131
3,155,816
2, 249, 536
370, 251,835
218, 642, 397
$8,135, 313,923
25, 351,806
500, 594, 673
11, 402, 616
983, 734,122
1, 251, 714, 394 4, 817, 206,888
9, 656, 397,140
$657,929,071 $1,142, 286, 773 $1,037, 020, 325 $4,307,977,951
214, 694,069
509, 228,937
341,878,201
254, 562, 641
$7, 788, 959, 078
1,867,438,062
$805,816, 269 $1,175, 952, 763
1,136, 260
8,907, 683
41, 393,836
31, 745, 410
2, 206,662
290,193
65, 732,157
263, 475, 453
912,491, 712
912, 491, 712
1,484,164,974
1,484,164, 974
$252,044,196
108
104
84
4,817, 206,888
9, 656,397,140
$967, 980,623 $8, 511, 623,802
37
23
37
20
21
27
$10, 570,032, 665
1,289
1,434
772
1, 251, 714,3
1
1,913
$9, 930, 587,435
TRUST ASSETS
Investments
Deposits in savings banks
Deposits in own bank
Deposits in other banks
Other assets
00
o
Continued
8,700
7,355
9,308
6,113
7,095
4,596
23, 806
8,312
707665
65,107
16, 630
913
16,055
1,215
15, 421
2,091
11, 691
2,555
135, 772
15,983
17,543
$3, 724,806
$31,133
59
156
$134,973
$51,048
107
17,270
$8,147, 247
$56,835
58
218
$114,013
$30, 334
•
94
17, 512
$18, 786,898
$96,243
46
220
$168, 766
$35,287
63
14,246
$54,422, 365
$107,066
14
173
$667, 293
$54,001
22
32,118
7,186
39,304
$117,492,851
$149,985
16
267
$1, 264, 890
$75, 799
33
151, 755
$6, 225,917
$71,122
299
1,213
$186, 307
$45,924
702
B
w
o
d
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 agreement
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, 1937
.
Average gross earnings per trust department reporting trust earnings for fiscal
year ended June 30,1937
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
1,952
>6,789,310
18
2,875
$106,026,149
31
3,924
$150,034,142
62
2,426
$93,207,926
110
2,617
$159, 655, 510
79
16,259
.9, 827, 330
702
$624,199
$1,127,938
$2, 381, 494
$4, 236, 724
$4,838,046
$911,435
$34, 216
$109
$36, 879
$176
$38, 235
$234
$38, 420
$310
$61,007
$430
$39,352
$14,872
47
$413
$28,375
46
$715
4
9
$53, 828
39
$1,393
13
2
$200, 563
11
$4, 259
$433,020
19
$2, 615
10
1
$23,952
401
$610
37
71
$225
g
n
O
W
o
o
I
o
Q
CO
00
Fiduciary activities of national banks by Federal Reserve districts as of June 80, 1937
Number
banks exercising
fiduciary
powers
Federal Reserve districts
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
.„
Chicago
St. Louis
Minneapolis
Kansas City Dallas
San Francisco. _
Total.—
,
_
_ ._
_._
-_.
-
_ J_
-. . .
_
—
Total
Total banking
Capital of
number
author- banks author- assets of banks
ized to ized to exercise authorized to
exercise fidufiduciary
exercise
ciary powers
fiduciary
powers
powers
to
Individual trusts
Living
trusts
Court
trusts
Total
Number
of corAssets of indi- porate
trusts
vidual trusts
being
administered
183
274
241
111
122
87
167
84
48
110
60
64
29
30
14
21
25
24
51
33
42
52
30
11
212
304
255
132
147
111
218
117
90
162
90
75
$109 907,415
312, 726,883
105,818,877
100, 740,800
55,147,040
74,123,050
187, 951,195
40, 705,175
40, 675,000
48, 774,800
56, 781, 250
168,016,900
$2,031,921,753
6, 584,187, 653
1,985,428,110
1,811,904, 755
1, 045, 650,899
1,193,041, 559
4,008,633,600
872,861,171
767,360, 504
1,113,726,455
1, 033, 964, 509
3, 757,274, 756
4,001
6,618
8,782
4,787
3,084
3,650
21, 209
1,350
2,206
3,111
1,412
10,455
4,365
7,947
17, 576
6,868
4,287
2,501
7,137
2,098
3,610
1,833
587
6,298
8,366
14, 565
26, 358
11, 655
7,371
6,151
28,346
3,448
5,816
4,944
1,999
16, 753
$608,685, S82
1,100, 892, 762
378,452,074
726, 746,148
280, 790,180
464,050, 400
3, 859, 532,495
97,817, {)68
466, 076, 01
389, 769,905
139,181, ]L18
1,144, 402,007
472
1,281
565
1,516
521
772
6, 340
725
483
767
351
2,190
1,551
362
1,913
1, 301, 368, 385
26,205,955, 724
70,665
65,107
135, 772
9,656,397,140
15,983
Bond issues outstanding where
banks act as
trustee
Federal Reserve districts
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
-Chicago
St. Louis
_
Minneapolis
-Kansas City
Dallas
San Francisco
Total
Number
with authority
but not
exercising
powers
Number of
banks administering
insurance
trusts
Number of Volume of asinsurance sets of insurtrusts being ance trusts
adminis- under administration
tered
Number of
banks holding insurance trust
agreements
not operative
Trust deFace value of
partment
Number of insurance
poli- gross
earninsurance cies held under
trust agree- trust agree- ings for fiscal
year
ended
ments not
ments not
operative
June 30,
operative
1937
$355,022, 281
5, 389, 383,009
111 877,845
287,086; 058
197,057,071
229,477, 257
3 094 240 574
85,468,102
100,383,130
93,444,779
85 308 475
541,284,084
33
31
43
29
28
20
34
11
11
21
19
19
87
144
137
125
71
99
191
27
26
97
44
165
$3,458,135
8, 837,463
9,194,736
6,470, 552
2,250,359
3,197,302
11,326,266
1,043,695
1,332,137
3,640,861
1,102,242
3,852,035
80
117
117
61
53
35
66
23
19
46
40
45
1,363
1,659
1,426
1,461
980
936
1,902
255
982
1,618
600
3,077
$53, 801, 247
94,485, 057
56,008,049
64,075,122
33,499,383
34,366, 751
90,194,131
11, 535,957
42,053,227
51,008, 277
19,942,705
88,857,424
$2,452,000
8,322,000
1,456,000
2,070,000
1,114,000
1, 218,000
8,869,000
463,000
1,090,000
1,280,000
531,000
4,914,000
10,570,032,665
299
1,213
55,705,783
702
16,259
639,827,330
33,779,000
H
Q
O
O
E
O
d
§
a
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 SO', 1937
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
Places
Places
Places
Places
Places
Places
Places
Places
Places
Places
with
with
with
with
with
with
with
with
with
with
with
population
population
population
population
population
population
population
population
population
population
population
loss than 1,000
of 1,000 to 2,499
of 2,500 to 4,999
cf 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
$117,195
1,172,431
12,466,849
63, 269, 273
197,154,082
3,708,102, 778
50.14
40.20
37.77
33.43
37.20
50.25
$18,839
966,915
8,623,556
51, 724,186
161,183,402
2,332,678,067
8.06
33.15
26.13
27.33
30.42
31.61
$10, 305
431,385
4, 654, 314
36, 289, 066
76,830, 522
462, 255, 631
4.41
14.79
14.10
19.17
14.50
6.26
$76,419
265, 667
5,353,904
31,010,696
54,165, 003
504, 872,963
32.69
9.11
16.22
16.39
10.22
6.84
$10,982
80, 356
1,909,422
6, 965, 464
40, 603, 757
372, 050,494
4.70
2.75
5.78
3.68
7.66
5.04
$233, 740
2,916, 754
33,008,045
189, 258,685
529,936, 766
7,379,959,933
3,982, 282, 608
48.95
2,555,194,965
31.41
580,471, 223
7.14
595, 744,652
7.32
421,620,475
5.18
8,135,313,923
Bonds
Percent
Stocks
Percent
Real-estate
mortgages
Percent
Real estate
Percent
Miscellaneous
Percent
Total investments
$725, 761
5,452, 369
13,953, 024
24, 022, 226
.75,818,128
88, 926, 897
168, 544,048
288,138,878
648, 379, 660
381,026,435
2, 287, 295,182
27.81
35.87
36.20
34.88
32.43
36.88
36.95
35.76
55.14
38.85
55.57
$645,814
5,011, 363
9, 772, 776
15, 494,482
76,819, 657
74, 332,695
139,745,323
313, 536, 659
296, 986, 802
394, 648,952
1, 228, 200, 442
24.75
32.97
25.36
22.49
32.86
30.82
30.64
38.91
25.25
40.23
29.84
$796,851
3, 326, 781
9, 659,975
18,808, 339
40, 439, 680
29,024, 530
61, 798,818
64,094, 890
88,900, 242
63,991,059
199, 630,058
30.54
21.88
25.06
27.31
17.30
12.04
13.55
7.95
7.56
6.52
4.85
$301,004
1,034.625
3, 752, 401
7,990, 230
26,834, 746
34, 214, 412
55,065, 510
88,963, 320
98, 601, 821
77, 301,092
201, 685, 491
11.54
6.81
9.74
11.60
11.47
14.19
12.07
11.04
8.39
7.88
4.90
$139,948
5.36
376, 371 2.47
1, 401, 664 3.64
2, 564. 533 3.72
13,899, 063 5.94
14, 649. 653 6.07
30,953, 398 6.79
51, 082, 522 6.34
43,084, 238 3.66
63,957,144
6.52
199,511,941
4.84
$2,609, 378
15, 201, 509
38. 539, 840
68,879,810
233,811,274
241,148,187
456,107,097
805,816, 269
1,175,952,763
980, 924, 682
4,116,323,114
3,982,282, 608
48.95
2, 555,194, 965
31.41
580,471, 223
7.14
595, 744, 652
7.32
421, 620,475
5.18
8,135, 313, 923
—
3
8
I
W
O
Q
l
CO
00
Classification of investments in living and court trust accounts under administration oy the active national-bank branches with trust departments,
segregated according to population of places in which branches were located on June 30, 1937
Trust investments classified according to population of
places in which branches were located
Bonds
Percent
Stocks
Percent
$100
178,050
413, 537
960, 514
2,868, 561
8,961,439
28,162, 233
18, 234,425
13, 685, 580
19, 609,120
135, 203,049
0.56
22.71
21.11
26.17
31.66
22.24
41.70
37.51
29.99
49.00
35.59
211,153
735, 555
457,550
2, 291, 658
22, 273, 277
21, 370, 507
15, 391, 696
19, 855,801
11, 404, 640
106, 477, 537
0.55
26.93
37.56
12.47
25.30
55.28
31.65
31.67
43. 52
28.50
28.02
$42,427 5.41
5.77
112,985
189,852 5.17
542,910 5.99
1, 779, 217 4.42
4,188,478 6.20
2,424,875 4.99
1,105,815 2.42
2, 043,135 5.10
41,096, 406 10.81
228, 276, 608
35.81
200, 469,473
31.44
53, 526,100
Real-estate
mortgages
Percent
Real estate
Percent
Miscellaneous
Percent
Total investments
95.44
37.79
23.99
46.11
30.26
15.00
13.98
18.47
13.94
11.30
22.16
$616
56,033
226, 699
370, 040
615,155
1, 231, 547
4, 367,094
3, 578,843
4, 624, 385
2, 441, 470
12, 976,887
3.45
7.16
11.57
10.08
6.79
3.06
6.47
7.36
10.13
6. 10
3.42
$17,866
783,954
1,958, 599
3,670,704
9, 059,605
40, 287, 757
67,529,981
48, 607,067
45, 634,818
40, 020, 784
379, 938, 55S
19.57
30, 488, 769
CO
fed
Places
Places
Places
Places
Places
Places
Places
Places
Places
Places
Places
with
with
with
with
with
with
with
with
with
with
with
population
population
population
population
population
population
population
population
population
population
population
of less tnan 1,000
of 1,OUO to 2,499
of 2,500 to 4,999
of 5,000 to 9t999
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 o v e r . .
Total.
8.40
$17,051
296,291
469,823
1, 692, 748
2, 741, 321
6,042, 277
9, 441, 669
8,977, 228
6, 363, 237
4, 522, 419
84,184, 679
124, 748, 743
4.78
637, 509, 6
Fiduciary activities of national-bank branches with trust departments during year ended June 30, 1937, 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
5,000 to
9,999
10,000 to
24,999
25,000 to
49,999
50,000 to
100,000 to
249,999
250,000 to
499,999
500,000 to
999,999
1,000,000
or over
Total
IS
H
p
H
O
2
Number of national-bank
branches with active trust
22
51
45
40
24
16
17
18
46
345
departments
_
Total assets of banking departments of branches ad$12, 944, 634 $41, 599,886 $63, 734, 590 $97,832,414 $134,420,305 $105, 535,464 $220, 526, 369 $177,658,064 $174,015,908 $1,029,143, 319 $806,949,076 $2,864, 360,029
ministering trusts
TRUST ASSETS
Investments
Deposits in savings banks..
Deposits in own bank
Deposits in other banks
Other assets
TotaL
3
9,328
$783,954
32, 282
304,742
28,056
1,125,903
$17,866
4,925
., 958, 599$3,670, 704 $9,059,605 $40, 287, 757 $76, 529,981 $48,607,067 $45,634,818
78, 662
3,504
86,432
110, 214
1,215
29,982
19,281
2,490,464
475,020
852,128
1, 311, 553 3, 376, 549 2, 525, 557 3,160,849
3,724
20,169
303, 394
727,993
1,034, 392
3,610
344, 587
55,148
263,434
2,438,444
4,897,401
10, 445, 587 43,974,928
70,893, 745 52,117, 782 49, 258, 505
$40,020, 784 $379,
i, 938. 558 $637, 509,693
32, 562 1,115, 515
1,509, 649
2, 360,962 24, 527, 247
41, 394,399
1,004, 786
1,028, 679
7, 314,189
1,939,815 2, 636,029
44, 354,123 409, 222,135
688, 756, 609
LIABILITIES
Private trusts
Court 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 trust 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..
Number of insurance trusts
being administered
Average volume of insurance
trust assets in each branch
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 n u m b e r of insurance trust agreements not
operative held by each
branch
.
$9, 222
18,834
$469, 781 $1,097,416 $2, 559,089
656,122 1, 341,028 2, 338,312
2,438,444
28,056 1,125,903
4,897,401
$32,400
$39,027, 694 $260, 544, 672
5,326,429 148, 677, 463
$433, 960,187
254, 796,422
43,974,928
70, 893, 745
52,117, 782
49,258, 505
44,354,123 409, 222,135
688,756, 609
$509,100 $13, 724, 990
$9, 249,939
$7,128,815 $19, 242,139
$28,169,175 $184, 501, 539
$262, 558,097
10,445, 587
7
6
1
9
135
6
6
1
6
41
1,244
750
1,068
4,872
11, 538
14
5
9
467
809
1,815
2
8
21
55
89
94
174
860
1,305
830
1,870
1,333
844
1,242
5,732
12,843
1
2
4
54
137
317
1
1
1
115
13
24
20
9
14
24
13
14
2
7
20
7
3
6
14
22
1
5
$4, 231,301 $17, 775,881- $34, 508, 208 $40,069, 564 $33, 667, 359
6, 214, 286 26,199,047 36, 385, 537 12,048, 218 15, 591,146
o
a
o
3
g
5
55
138
319
475
$1, 275
$25,020
$47,813
$108,831
$261,140
$1,832,289
$3, 375,893
$3,257,361
$2,897, 559
$2, 464,118
$8,896,133
$1,996, 396
$5, 611
$20,850
$17, 799
$15,449
$22, 367
$54, 357
$39,060
$41,895
$65, 678
$41, 530
$83,995
$59, 695
1
2
2
4
3
11
5
39
Pi
1
2
2
10
12
27
9
18
9
57
147
o
$1, 327
$12, 504
$11,568
$31,085
$26, 813
$68, 346
$50,850
$167,814
$561, 311
$832, 715
$174, 981
$1, 327
$12, 504
$11,568
$12, 434
$0, 703
$27, 845
$28, 250
$46, 615
$62, 368
$73,045
$46, 424
1
10
13
17
22
9
13
7
6
1
8
106
21
38
53
133
49
204
190
276
99
447
1,510
$855, 539 $1,158, 436
$2,943, 302
$1,712,310
$5,083, 935
$5,440. 210
$8, 786,048
$2, 766, 431 $22, 769S 082
$51, 779, 974
6
5
16
27
46
56
14
$264, 681
2
3
3
99
3
g
O
00
Fiduciary activities of national-bank branches with trust departments during year ended June SO, 1937, segregated according to population of
places in which branches were located—Continued
Places
with
population of
less than
1,000
Average volume of insurance policies held by each
branch under trust agreements not operative. .
Average volume of insurance polk ies per trust held
under trust agreements
not operative
Average gross earnings per
trust for fiscal year ended
June 30, 1937
Average gross trust earnings
per branch reporting trust
earnings for fiscal year
ended June 30, 1937
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 full-time trust
solicitors
-- - .
Number of branches employing part-time trust
solicitors _
1,000 to
2,499
2,500 to
4,999
5,000 to
9,999
10,000 to
24,999
25,000 to
49,999
100,000 to
249,999
50,000 to
99,999
250,000 to
499,999
500,000 to
999,999
1,000,000
or over
Total
$26,468
$65,811
$68,143
$133, 786
$190,257
$391,072
$777,173
$1,464,341
$2,766,431
$2,846,135
$488,490
$12,604
$22, 514
$21,857
$22,130
$34,945
$24,921
$28,633
$31,834
$27,944
$50,938
$34,291
$587
$363
$264
$204
$227
$246
$177
$236
$249
$146
$325
$260
$140
$476
$729
$1,443
$2,695
$8,493
$17,432
$19, 625
$15,011
$12,129
$42, 285
$10,102
1
3
1
2
7
$200
$270
$325
$314
$280
1
1
2
1
CO
1
2
1
6
w
o
F
3
a3
NATIONAL BANK FAILURES1
During the year ended October 31, 1937, there were but 4 actual
failures of national banks. In addition to such 4 failures, receivers
were, however, appointed for 7 other banks, making a total of 11 appointments of receivers for insolvent national banks during the year
ended October 31, 1937. Of these total appointments, 7 were for
the purpose only of completing unfinished business or enforcing stock
assessments against shareholders of banks, the collection of which
was necessary because of unsatisfied indebtedness of such institutions.
The liquidation of 341 receiverships was completed and the affairs
of such receiverships finally closed during the year ended October 31,
1937. These 341 receiverships disposed of during the current year
represent the largest number of terminations of receiverships in a like
period during the history of the office of the Comptroller of the
Currency. It is also found as a result of these receivership terminations in 1937, together with other final closings and additional banks
placed in receivership period 1934fo>1936, that the largest number
of active national bank receiverships in the history of the Comptroller's Office, of 1,568 as of July 19, 1934, had been reduced as of
October 31, 1937, to 882.
In reporting upon the progress and results of liquidation of iDsolvent
national banks for the year ended October 31, 1937, it has been
possible to furnish data with respect to earnings of receivership banks
during such period of liquidation, as derived from the accruals and
collections of interest, premiums, rents, etc. As will be noted from
these figures of earnings contrasted with expense of liquidation
reported upon in detail in following paragraphs for various groups of
banks in liquidation, the earnings of national bank receiverships
approximate or exceed the amount of expenses incurred, contrary to
the view often held that expenses of liquidation result in additional
losses to depositors and creditors. In view of the approximately
equal proportion of earnings to expenses resulting from the liquidation
of insolvent national banks, it should be noted that depositors'
equities in the assets of failed national banks are not materially
reduced because of receivership operations.
Total costs incurred during the year ended October 31, 1937, in
the liquidation of insolvent national banks, as reported by receivers
are found to have been equivalent to 8.81 percent of total collections
from all sources including offsets allowed. Such percentage of cost for
the current year will be noted to represent a material decrease from the
comparable percentage cost for the previous year of 10.27 percent.
This decrease in percentage of annual liquidation cost is particularly
gratifying in view of the increased average liquidation age of receiverships in process of liquidation during the period, combined with the
well understood fact that the percentage of costs to collections is
comparatively low during the early years of liquidation, but progresi Including District of Columbia State banks and building and loan associations.
37
38
REPORT OF THE COMPTROLLER OF THE CURRENCY
sively increases from date of failure to date of final closing. Also a
considerable proportion of liquidation expense for the current year
consisted of interest payments to the Reconstruction Finance Corporation and lending banks upon loans to receivers for dividend payment
purposes. Such total interest payments by receivers to the Reconstruction Finance Corporation and lending banks, from the inception
of such loans to October 31, 1937, as indicated by the records of this
office, aggregated $11,436,363, of which approximately $1,031,254 was
paid during the current year. Comparable data by years from 1933
to date as to total collections, total liquidation expense, interest payments, etc., are as follows:
Annual liquidation costs—national bank receiverships
Total collecNumber of tions
from all
sources, inYear ended October 31 . receiverships ad- cluding
offministered sets
allowed
1,325
1,649
1,582
1,427
1,223
L933
1934
1935
L936
1937
Total
1,771
Interest pay-
Total expense of
liquidation
ceivers
$357,910,227 $11, 507,389
509, 709,399 23, 744, 028
361, 513, 764 27,872,955
185,513, 628 19, 052, 765
156, 829. 985 13, 823,379
1, 571,477, 003
to Receivership
Percentage R.ments
F. C. and earnings,
cost of lending
interest,
banks
liquidaon dividend premiums
tion
rent, etc.
loans to re-
96, 000, 516
(22)
()
3.22
4.66
7.71
10.27
8.81
i $470,107
334,766
5, 608,104
3,992,132
1, 031, 254
$24, 370,858
17,149, 515
12,109,220
6.11
11,436,363
53,629,593
* Including $19,374 of interest paid in 1932, from date of inception of Reconstruction Finance Corporation
dividend loan activity.
' Data unavailable as separate figure.
The decrease in percentage cost of liquidation expense during the
current year is principally the result of the existing policy of this
office in consolidating groups of receiverships under individual receivers, where the remaining asset values in such receiverships plus
the additional efficiency and economies to be obtained thereby are
found to warrant such consolidations. The effect of these consolidations of receiverships is well evidenced by the fact that a total of 833
receivers in charge of active national bank receiverships as of June
30, 1934, had been reduced to a total of but 367 as of October 31, 1937,
with little or no increase in the average salary of individual receivers.
This reduction in number of receivers in charge of active receiverships,
together with corresponding economical consolidations in the field
staff of receivers' clerks and assistants, resulted in the administration
of an average of 2.4 receiverships per individual receiver as of October
31, 1937.
Every effort has been made by this office during the year ended
October 31, 1937, to expedite the distribution of dividends to depositors and creditors of insolvent national banks and to complete the
liquidation of insolvent national banks where remaining asset values
in such banks have not warranted the further continuance of receivership operations. In addition to dividend payments resulting from
the normal process of liquidation, Reconstruction Finance Corporation
loans to receivers of insolvent national banks have been obtained to
further expedite distributions to depositors. Reconstruction Finance
Corporation commitments so obtained by receivers of insolvent national banks during the year ended October 31, 1937, as indicated
REPORT OF THE COMPTROLLER OF THE CURRENCY
39
by the records of this office amounted to $13,669,500, while cash advances or actual loans under existing commitments aggregated
$11,020,643. Total loan commitments obtained by receivers of insolvent national banks from the Reconstruction Finance Corporation
from the date of its organization to October 31, 1937, as indicated
by the records of this office amounted to $494,495,500, while total cash
advances drawn against such commitments aggregated $389,399,367.
Total Reconstruction Finance Corporation commitments outstanding
and unpaid advances to receivers of insolvent national banks as of
October 31,1937, were according to the records of this office $6,231,276
and $8,900,735, respectively. This unpaid balance of loans represents
a reduction
in such item during the current year of $13,012,867.
Receivers7 dividend loans from the Reconstruction Finance Corporation have been obtained at various interest rates ranging from 5 percent per annum as of January 30, 1932, to 3 percent as of October
31, 1937.
In addition to Reconstruction Finance Corporation loans to receivers, additional loans have been secured by receivers from commercial or lending banks to facilitate dividend payments to depositors.
Lending bank loan commitments so obtained by receivers of insolvent
national banks during the year ended October 31, 1937, as indicated
by the records of this office amounted to $12,761,460, while cash
advances or actual loans obtained under existing commitments
aggregated $13,834,290. Total loan commitments obtained by receivers of insolvent national banks from commercial or lending banks
to October 31, 1937, as indicated by the records of this office amounted
to $64,495,660, while cash advances or actual loans obtained under
such commitments aggregated $59,403,686. Total lending bank
commitments outstanding and unpaid advances to receivers of insolvent national banks as of October 31, 1937, were according to the
records of this office $1,773,284, and $5,451,453, respectively. This
unpaid balance of loans represents a reduction in such item during
the current year of $22,849,300. Receivers' dividend loans from
commercial or lending banks have been obtained at interest rates of
from 2% to 3 percent per annum, depending generally upon the size
of loans obtained.
The continuation during the current year of liquidation procedure,
first adopted in 1935, involving the disposal at public auction of real
estate properties held by receivers has considerably facilitated the
completion of liquidation and final closings of receiverships. This
form of liquidaton has been found very desirable in partially overcoming the constant problem of an advantageous disposal of the realestate properties and equities of insolvent national banks. In addition to this disposition of property through public sale there has been,
however, as a result of the reorganization of such activity by this
office, a corresponding and very considerable increase in the volume
of real-estate items disposed of through private sales negotiated by
receivers and local real estate agents assisting in such activity.
Under the arrangement for disposition of real property assets of
receiverships at public auction, sales are periodically held in desirable
key localities following extensive display and other types of effective
advertising. These real-estate auctions provide for the sale of realestate properties held by numerous receiverships in the immediate
and adjacent territories, subject, however, to formal approval and
40
REPORT OF THE COMPTROLLER OF THE CURRENCY
acceptance by the Office of the Comptroller of the Currency. Such
real-estate sales have now been held in numerous instances in several
States both in the North and South with very gratifying results as to
liquidation obtained, and it is planned to continue such liquidation
procedure wherever existing circumstances indicate the desirability of
such action. Figures relative to real-estate auction sales held and
reported upon by receivers to October 31, 1937, are as follows:
Real-estate auction sales
State
Number Number Receivers'
estimated
of banks of items liquidation
involved
sold
values
Alabama
Florida
Georgia
Illinois
Indiana
Louisiana
Michigan
Minnesota
Mississippi
New York
North Carolina
Pennsylvania...
South Carolina.
Tennessee
Texas
Virginia
_
Wisconsin
Total.—.
132
1,200
724
185
37
46
863
128
9
855
6
503
2
226
234
282
126
145
$600, 766
307,871
146,489
108, 460
157, 393
436,935
489,461
32,850
782, 835
88,000
477,005
5,571
Liens as- Proceeds
Total ac- sumed
ceptable additioninto immediately
bids rebids re- realized in
ceived
ceived
cash
$32,934
84,882
5,098
12, 554
2,693
13,194
25,841
1,430
101,435
228,998
745, 797
278,454
128,835
299,150
$500,159
234,414
99, 394
62, 040
99,885
363,009
400, 723
22, 761
455, 539
63,800
300,836
300
161,205
551,437
208,367
97,947
117,521
147,619
$428,980
120,010
75,466
56, 350
69, 555
289,845
23?, 915
22, 761
380, 068
42, 333
222, 220
300
144,500
382,478
137,528
77,603
53,012
5,309, 299
3,739,337
607,109
2,735,924
135, 496
1,713
5,981
19, 227
17,012
Relative to the length of time required to complete liquidation of
insolvent national banks a compilation has been made covering those
insolvent national banks liquidated and finally closed during the year
ended October 31, 1937, and for those receiverships finally closed during the 16-year period 1921 to October 31, 1937. From data compiled
it has been found that insolvent national banks liquidated and finally
closed during the year ended October 31, 1937, exclusive of those
banks for which receivers were appointed for the purpose only of
completing unfinished business or enforcing stock assessments, required
an average period of 5 years and 2 months, with a minimum period of
2 years and 3 months, for liquidation. With reference to insolvent
national banks, the affairs of which were finally closed during the
16-year period, 1921 to 1937, exclusive of those banks restored to
solvency and banks for which receivers were appointed for the purpose
only of completing unfinished business or enforcing stock assessments,
the average period of liquidation is found to have been 5 years.
In following paragraphs will be found tables reflecting the progress
and results 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, those still in
process of liquidation as of October 31, 1937, etc. These tables are
supported by various schedules appearing in the appendix of the
report furnishing in detail for each insolvent national bank in liquidation during the current year data as to progress and results of the
receiver's administration thereof. It will be noted that the following
paragraphs and tables combine data as to the liquidation of insolvent
REPORT OF THE COMPTROLLER OF THE CURRENCY
41
national banks with that of insolvent District of Columbia State
banks, but in such manner that figures for each group may be obtained
separately if desired. This method of reporting upon these groups of
banks is believed desirable by reason of the fact that liquidation of
both national and District of Columbia State banks is uniformly
administered under the supervision of the Comptroller of the Currency
and normally combined in press and other releases of information by
this office as to the progress and results of such liquidation.
Receiverships, year ended October 31, 1937
Of the 11 national banks for which receivers were appointed during
the past year, none was restored to solvency, leaving the entire 11
banks to be administered by receivers. Of the 11 national banks so
administered by receivers, 7 were placed in receivership for the purpose
of completing unfinished business or enforcing stock assessments
against shareholders because of unsatisfied indebtedness of such
banks. There were, therefore, but 4 actual failures of national banks
during the year ended October 31, 1937. The capital of these 11
insolvent national banks for which receivers were appointed was
$1,987,150.
Stock assessments levied by the Comptroller of the Currency to
October 31, 1937, against shareholders of the 11 banks administered
by receivers, with capital of $1,987,150, amounted to $1,232,500,
while the assets of such banks, including assets acquired subsequent
to their failure, totaled $6,912,637. Collections from these assets,
including earnings, offsets allowed, and collections from stock assessments as reported by receivers to September 30, 1937, amounted to
$2,555,502, or 31.37 percent of such assets and stock assessments.
Total earnings collected by receivers from the assets of these banks,
amounting to $45,615, were $32,864 in excess of total expenses
incurred. These collections and the disposition thereof were as
follows:
Liquidation statement, 11 administered receiverships, year en ied Oct. 31, 1937
National
bank receiverships,
11
Collections:
Collections from assets
--Collections from stock assessments
.,
_
Earnings collected
Offsets allowed and settled (against assets)
_
Total
- -
_.
-
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
__
Payments to secured and preferred creditors other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
Payments of receivers' salaries, legal and other expenses
Cash balances in hands of Comptroller and receivers
Total
District of
Columbia
State bank
receiverships, 0
Total, all
receiverships,
11
$2,229,312
256, 200
45, 615
24,375
$2,229,312
256,200
45, 615
24, 375
2,555,502
2, 555, 502
196, 724
196, 724
2,130, 461
24,375
5,020
12, 751
186,171
2,130, 461
24,375
5, 020
12, 751
186,171
2, 555, 502
2, 555, 502
42
REPORT OF THE COMPTROLLER OF THE CURRENGY
In addition to the above record, it is found that total claims proved,
both secured and unsecured, as reported by receivers, aggregated
$4,610,792. Total deposits of these banks at date of failure amounted
to $4,025,004, while borrowed money consisting of bills payable,
rediscounts, etc., totaled $4,566,402.
Receiverships 1865-1937
From the date of the first failure of a national bank in the year 1865
to October 31, 1937, 2,950 national banks and 16 State banks or loan
associations located in the District of Columbia have been placed in
charge of receivers. Of this number, 157 have been restored to solvency and either reopened, sold to other institutions, or placed in
voluntary liquidation. In addition to the 157 banks restored to
solvency, 1 bank was eliminated as a receivership through revocation
of the receiver's commission as of the date of issuance, leaving 2,808
receiverships to be administered by receivers. Of these receiverships
so administered, 882 are still in process of liquidation and 1,926 have
been completely liquidated and the affairs thereof finally closed.
The capital of these 2,966 insolvent national banks at date of
failure, exclusive of the 1 bank eliminated through revocation of the
receiver's commission, was $400,900,595. The capital of the 157 banks
that have been restored to solvency was $22,950,000. The capital of
the 882 banks that are still in process of liquidation was $199,358,175,
and the capital of the 1,926 banks that have been completely liquidated was $178,592,420.
The aggregate book value of the assets of the 2,808 administered
receiverships, including assets acquired after suspension, was $3,694,230,852, in addition to which there have been levied against shareholders assessments aggregating $327,961,187. Total collections from
assets, including earnings, offsets allowed and collections from stock
assessments as reported by receivers to September 30, 1937, amounted
to $2,537,512,381 or 63.09 percent of the total of such assets and
stock assessments. These collections and the disposition thereof were
as follows:
Liquidation statement, 2,808 administered receiverships, 1865 to Oct. 31, 1987
District of
National bank Columbia
Total all re*
receiverships, State bank re- ceiverships,
2,793
ceiverships,
2,808
15
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)
Collections from stcck assessments
Earnings collected (unavailable as separate item for 1,155
banks finally closed to Oct. 31, 1933)
Offsets allowed and settled (against assets)
Unpaid balance Reconstruction Finance Corporation
loans
Unpaid balance bank loans
Total
_
^
$2,007, 047,140
160, 030, 277
$14, 440,655 $2,021,487,795
515,836
160, 546,113
118, 627, 019
233, 664,916
1, 239, 359
1, 947,179
119,866, 378
235, 612, 095
9, 258, 301
5,117, 702
109,000
15,000
9, 367, 301
5,132, 702
2, 533, 745. 355
18,267, 029
2, 552,012,384
REPORT OF THE COMPTROLLER OF THE CURRENCY
43
Liquidation statement, 2,808 administered receiverships, 1865 to Oct. 31, 1937—Con.
District of
National bank
Columbia
Total all rereceiverships, State bank re- ceiverships,
ceiverships,
2,793
15
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)
$1,124, 323, 225
Dividends paid by receivers to secured creditors (unavailable as separate item for 815 banks completely
liquidated to Oct. 31, 1929)
31, 284,129
Distributions by conservators to unsecured creditors
206,360,170
Distributions by conservators to secured creditors
1,106,993
Payments to secured and preferred creditors (including
disbursements for the protection of assets for 815 banks
completely liquidated to Oct. 31,1929, and for accounting purposes, dividends paid secured creditors of all
trusts finally closed Oct. 1, 1924 to Oct. 31, 1929)
686,442, 862
Disbursements for the protection of assets (unavailable
as separate item for 815 banks completely liquidated
56, 087,890
to Oct. 31, 1929)
233, 664, 916
Offsets allowed and settled (against liabilities)
131, 354, 687
Payment of receivers' salaries, legal and other expenses. _
Payment of conservators' salaries, legal and other ex11,194, 386
penses
5, 532, 360
Amount returned to shareholders in cash
46, 393, 737
Cash balances in hands of Comptroller and receivers
Total
2, 533, 745, 355
$4, 935, 540 $1,129, 258,765
33,729
2,836,958
10,803
31, 317,858
209,197,128
1,117,796
4, 747,139
691,190,001
176,369
1,947,179
1,270,865
56,264,259
235, 612,095
132, 625,552
206,908
7,950
2,093, 589
11,401,294
5, 540, 310
48,487, 326
18, 267,029
2,552,012,384
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 $30,213,323. Total claims proved, both secured and
unsecured, as reported by receivers aggregated $2,104,927,419. The
outstandng circulation of these 2,808 receiverships at date of failure
was $170,762,785, secured by United States bonds on deposit with
the Treasurer of the United States of the par value of $180,725,531,
while total deposits at date of failure amounted to $2,369,826,369.
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 2,808 administered receiverships, was 65.13 percent.
If payments to secured and preferred creditors other than dividends,
offsets allowed, and other disbursements as indicated above, were
included with dividends paid in this calculation, such total disbursements to creditors would amount to 75.79 percent of claims proved
plus other liabilities established.
Expenses incident to the administration of the 2,808 administered
receiverships, consisting of receivers7 and conservators7 salaries, legal
and other expenses, of $144,026,846, plus unrecovered disbursements
for the protection of assets in 1,926 receiverships completely liquidated
and finally closed, of $3,777,276, amounted to 3.67 percent of the
book value of assets and stock assessments administered, or 5.82
percent of collections from assets and stock assessments, including
offsets allowed. The assessments against shareholders averaged 86.77
percent of their holdings and total collections from such assessments
as were levied amounted to 48.95 percent of the amount assessed.
Additional data with respect to the percentages of dividends paid
in receiverships completely liquidated and finally closed or restored
to solvency period 1865 to 1930, and by years 1931 to 1937, inclusive,
and in receiverships still in process of liquidation as of October 31,
1937, have been compiled by dividend percentage groups, as follows:
Number and deposits of National and District of Columbia State Banks * placed in receivership period Apr. 14* 1865, to Oct. 81, 1937, by groups
according to percentages of dividends paid to Sept. 80, 1937
Liquidation banks
Dividends paid, 100 Dividends paid, 75
percent and over
to 99.9 percent
Periods and bank groups
Number of
banks
Deposits
Number of
banks
Deposits
Dividends paid, 50
to 74.9 percent
Number of
banks
Deposits
Dividends paid, 25 Dividends paid, less
than 25 percent
to 49.9 percent
Number of
banks
Deposits
Number of
banks
Deposits
Total banks
Number of
banks
Deposits
Restored Total
to sol- all
vency banks
banks 2
Num- Number of ber of
banks banks
W
Receiverships completely liquidated
and finally closed or restored to
solvency (2,084 banks)
Apr. 14,1865, to Oct. 31,1930 (data
for individual annual report
years unavailable; deposits prior
to 1880 unavailable—84 banks)
(974 banks)
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
1,1930, to Oct. 31, 1931
1, 1931, to Oct. 31, 1932
1, 1932, to Oct. 31, 1933
1, 1933, to Oct. 31, 1934
1, 1934, to Oct. 31, 1935
1, 1935, to Oct. 31, 1936
1, 1936, to Oct. 31, 1937
_.
Total 1931-37 (1,110 banks).__
Active receiverships as of Oct. 31,
1937 (882 banks)
Grand total (2,966 banks)
a
o
K
162
$66,481,388
210
$66,952, 690
154
$45, 636, 713
232
$35,031, 617
898
$285,115, 767
76
974
1,994,080
15, 873, 316
4,412,925
4,431, 721
4,833,636
14, 723, 916
50, 715,003
16
17
13
18
29
46
80
5,323,140
5, 549,989
5,826, 514
8, 517,835
11,801,668
12,246,387
38, 690,969
23
32
22
17
34
57
85
8,990, 205
14,038,797
9, 692, 212
10, 532, 532
13,854,445
18,483,929
38,027,988
29
27
15
8
31
44
52
7,995, 493
10,027, 603
6,902,413
1,451,334
9,312,628
12,556,918
19,900,033
17
10
12
13
31
29
38
5,436,020
2, 250, 071
3,095,192
1,657, 228
4,319,951
4,452, 292
7,420,214
91
97
69
64
152
214
341
29, 738, 938
47, 739, 776
29, 929, 256
26, 590, 650
44,122, 328
62,463,442
154, 754, 207
8
25
39
99
122
78
92
163
215
341
183
96,984,597
219
87,956,502
270
113,620,108
206
68,146,422
150
28,630,968
1,028
395, 338, 597
3 82
1,110
50
41, 618, 718
237
453, 704,899
307
859, 765,128
192
280,195,923
96
54,087,337
882 1, 689,372,005
373
209,616,674
618
608,142,789
787 1,040,337,926
552
393,979,058
478
117, 749, 922
2,808 2,369, 826,369
3 158
2,966
140
$71,013,359
6
11
7
8
27
38
86
i Including building and loan associations.
* Deposits for banks restored to solvency unavailable.
Including 1 bank eliminated as an insolvent national bank through revocation of receiver's commission as of the date of issuance.
3
28
11
1
882
3
o
o
cj
g
Q
45
REPORT OF THE COMPTROLLER OF THE CURRENCY
Active receiverships as of October SI, 19S7
The 882 national banks that were, as of October 31, 1937, still in
charge of receivers and in process of liquidation had assets, including
assets acquired subsequent to their failure, aggregating $2,491,260,360.
The capital of these banks was $199,368,175, and assessments levied
by the Comptroller of the Currency to October 31, 1937, against
shareholders amounted to $192,563,525. The collections from these
assets, including earnings, offsets allowed and collections from stock
assessments, as reported by receivers to September 30, 1937, amounted
to $1,730,417,025, «or 64.48 percent of such assets and stock assessments. Total earnings collected by receivers from the assets of these
banks amounting to $103,702,602, were $12,382,702, or 13.56 percent
in excess of total expenses incurred. These collections and the
disposition thereof were as follows:
Liquidation statement, 882 active receiverships as of Oct. 31, 1937
National bank
receiverships,
Collections:
Collections from assets...
_. $1,373, 226,817
91,428,876
Collections from stock assessments
'_.
102, 595,806
Earnings collected
147, 052, 015
Offsets allowed and settled (against assets)
Unpaid balance Reconstruction Finance Corporation
9, 258, 301
loans
5,117,702
Unpaid balance bank loans
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
Amount returned to shareholders in cash
Cash balances in hands of Comptroller and receivers
Total...
District of
Columbia
State bank
receiverships, 13
Total all
receiverships,
$12,815, 414 $1,386, 042, 231
314,414
91,743,290
103, 702, 602
1,106, 796
148,928,902
1,876, 887
109,000
15,000
9, 367, 301
5,132, 702
1, 728, 679, 517
16, 237, 511
1, 744, 917,028
711,829, 792
14, 8^0, 005
185, 728, 204
960, 561
4, 607. 512
33, 729
2,432, 249
10,803
716,437, 304
14, 893, 734
188, 160, 453
971, 364
479, 541, 793
147,052, 015
52,311,182
79, 567, 624
3,623, 666
1,876,887
175,801
1,187, 533
483,165, 459
148,928,902
52, 486,983
80, 755,157
195, 742
10, 369, 001
65, 603
46,393, 737
2,093,589
10, 564, 743
65, 603
48,487, 326
1,728, 679, 517
16, 237, 511
1, 744,917,028
In addition to the above record, it is found that total claims proved,
both secured and unsecured, as reported by receivers, aggregated
$1,431,139,516. The outstanding circulation of the 882 receiverships
at date of failure was $94,408,822, secured by United States bonds on
deposit with the Treasurer of the United States of the par value of
$100,186,650. Total deposits of these banks at date of failure amounted
to $1,689,372,005, borrowed money consisting of bills payable, rediscounts, etc., $335,350,750, and additional liabilities established to
date, $38,566,715.
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 882 receiverships still in process of liquidation as
of October 31, 1937, was 64.32 percent. If payments to secured and
preferred creditors other than dividends, and offsets allowed, were
46
REPORT OF THE COMPTROLLER OF THE CURRENCY
included with dividends paid in this calculation, such total disbursements to creditors would amount to 75.25 percent of total liabilities
established to date.
Expenses incident to the administration of the 882 active receiverships, consisting of receivers7 and conservators' salaries, legal and other
expenses, amounted to $91,319,900, or 3.40 percent of the book value
of assets and stock assessments administered, or 5.28 percent of collections from assets and stock assessments, including offsets allowed.
The assessments against shareholders averaged 96.59 percent of their
holdings and total collections from such assessments as were levied
amounted to 47.64 percent of the amount assessed.
Receiverships terminated, year ended October 31, 1937
During the year ended October 31, 1937, 341 receiverships were
liquidated and finally closed. These 341 receiverships had assets,
including assets acquired subsequent to their failure, aggregating
$250,162,101. The capital of these 341 banks was $27,450,000, and
assessments levied by the Comptroller of the Currency against shareholders amounted to $25,945,000. The collections from these assets,
including earnings, offsets allowed, and collections from stock assessments as indicated by receivers' final reports, amounted to $177,686,544, or 64.35 percent of such assets and stock assessments. Total
earnings collected by receivers from the assets of these banks amounted
to $8,815,869, or 72.61 percent of total expenses incurred. These
collections and the disposition thereof were as follows:
Liquidation statement, 841 administered receiverships finally closed, year ended
Oct. 81, 1987
National
bank receiverships,
339
Collections:
Collections from assets _
Collections from stock assessments
Earnings collected
. . _ _ ._
Offsets allowed and settled (against assets)
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors..
Distributions by conservators to unsecured 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.
Amount returned to shareholders in cash
_
Total
District of
Columbia
State bank
receiverships, 2
Total all receiverships,
341
$138, 590, 897
13, 791, 773
8, 683,306
14, 591, 050
$1, 625, 241
201, 422
132, 563
70, 292
$140, 216,138
13,993,195
8, 815,869
14, 661,342
175,657, 026
2,029, 518
177, 686, 544
78, 301,151
4, 971, 780
18, 717, 361
328, 028
404, 709
78,629,179
4, 671, 780
19,122, 070
46, 436, 900
14, 591, 050
1, 056, 598
10,366,515
623, 528
592,143
1,123,473
70, 292
568
83,332
11,166
7,950
47,560,373
14, 661, 342
1, 057,166
10, 449, 847
634, 694
600, 093
175, 657,026
2,029, 518
177, 686, 544
In addition to the above record of distribution, there were returned
to shareholders through their duly elected agents assets of a book
value of $7,580,789. Total claims proved, both secured and unsecured, as indicated by receivers' final reports, aggregated $145,840,455.
The outstanding circulation of these 341 closed receiverships at date
REPORT OF THE COMPTROLLER OF THE CURRENCY
47
of failure was $11,360,701, secured by United States bonds on deposit
with the Treasurer of the United States of a par value of $11,506,560.
Total deposits of these banks at date of failure amounted to
$154,754,207, borrowed money consisting of bills payable, rediscounts,
etc., $41,278,219, and additional liabilities established to date of
final closing $5,065,597.
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 341 receiverships that were finally closed during
the year ended October 31, 1937, was 70.44 percent. If payments
to secured and preferred creditors other than dividends, and offsets
allowed, were included with dividends paid in this calculation, such
total disbursements to creditors would amount to 82.02 percent of
total liabilities established to date of final closing.
Expenses incident to the administration of the 341 trusts, consisting of receivers' and conservators' salaries, unrecovered disbursements for the protection of assets, legal and other expenses, amounted
to $12,141,707, or 4.40 percent of the book value of the assets and
stock assessments administered, or 6.83 percent of collections from
assets and stock assessments, including earnings and offsets allowed.
The assessments against shareholders averaged 94.52 percent of their
holdings and total collections from such assessments as were levied
amounted to 53.93 percent of the amount assessed.
Receiverships terminated 1865-1937
From the date of the first failure of a national bank in 1865 to the
close of business October 31, 1937, 2,083 receiverships, including 3
District of Columbia State banks, have been administered and the
trusts closed or the affairs thereof restored to solvency. Included in
this number are 1 District of Columbia State and 156 national banks
restored to solvency, none in 1937, and 341 banks the affairs of which
were finally closed during the year 1937. In addition to these 2,083
administered receiverships disposed of, 1 receivership was eliminated
without administration through revocation of the receiver's commission as of the date of issuance thereof. The 1,926 national banks
administered by receivers had assets, including assets acquired subsequent to their failure, aggregating $1,202,970,492. The capital of
these 1,926 banks was $178,582,420, and assessments levied by the
Comptroller of the Currency against shareholders amounted to
$135,397,662. The collections from these assets including earnings,
offsets allowed, and collections from stock assessments as indicated
by receivers' final reports, amounted to $807,095,356, or 60.30 percent
of such assets and stock assessments. These collections and the
disposition thereof were as follows:
48
REPORT OF THE COMPTROLLER OF THE CURRENCY
Liquidation statement, 1,926 administered receiverships finally closed, 1865 to Oct.
81, 1937
National
bank receiverships,
1924
Collections:
Collections from assets (including earnings 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)
Collections from stock assessments
Earnings collected (unavailable as separate item for 1,155
banks finally closed to Oct. 31, 1933)
Offsets allowed and settled (against assets) ___
Total
_
Disposition of collections:
Dividends paid by receivers to unsecured creditors (including dividends paid 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)
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors (including
disbursements for the protection of assets for 815 banks
completely liquidated to Oct. 31, 1929, and for accounting purposes, dividends paid secured creditors of all
trusts finally closed Oct. 1, 1924, to Oct. 31, 19?9)
Disbursements for the protection of assets (unavailable
as separate item for 815 banks completely liquidated to
Oct. 31, 1929)
-..
A
Offsets allowed and settled (against liabilities)
Payment of receivers' salaries, legal and other expenses...
Payment of conservators' salaries, legal and other expenses
_
___
A-mount returned to shareholders in cash
Total
District of
Columbia
State bank
receiverships, 2
Total all
receiverships, 1,926
$633,820, 323
68,601,401
$1, 625,241
201,422
$635,445, 564
68,802,823
16,031,213
86,612,901
132, 563
70, 292
16,163, 776
86,683,193
805,065,838
2, 029, 518
807,095,356
412,493,433
328,028
412,821,461
16,424,124
20,631,966
146,432
404,709
16,424,124
21,036,675
146,432
206,901,069
1,123,473
208,024, 542
3,776, 708
86,612,901
51,787,063
568
70,292
83,332
3,777,276
86,683,193
51,870,395
825,385
5,466,757
11,166
7,950
836, 551
5,474,707
805,065,838
2,029, 518
807,095,356
In addition to the above record of distribution, there were returned
to shareholders through their duly elected agents, assets of a book
value of $30,213,323. Total claims proved, both secured and unsecured, as indicated by receivers' final reports aggregated $673,787,903. The outstanding circulation of these 1,926 closed receiverships
at date of failure was $76,353,963, secured by United States bonds
on deposit with the Treasurer of the United States of a par value of
$80,538,881, while total deposits at date of failure amounted to
$680,454,364.
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 1,926 receiverships that have been finally closed,
but not including the 157 restored to solvency which paid 100 percent
was 66.85 percent. If payments to secured and preferred creditors
other than dividends, offsets, and other disbursements as indicated
above, were included with the dividends paid in this calculation,
such total disbursements to creditors would amount to 76.94 percent
of claims proved plus other liabilities established.
Expenses incident to the administration of the 1,926 closed trusts,
consisting of receivers' and conservators' salaries, unrecovered disbursements for the protection of assets, legal and other expenses,
amounted to $56,484,222, or 4.22 percent of the book value of the
assets and stock assessments administered, or 7 percent of collections
49
REPORT OF THE COMPTROLLER OF THE CURRENCY
from assets and stock assessments, including earnings and offsets
allowed. The assessments against shareholders averaged 75.82
percent of their holdings and total collections from such assessments
as were levied amounted to 50.82 percent of the amount assessed.
Total liquidation operations, year ended October 81, 1937
Total receipts and disbursements of receivership funds incident to
liquidation operations for the current year in all receiverships, as
reported by receivers to September 30, 1937, were as follows:
Liquidation statement, summary for year ended Oct. SI,. 1937
• National
bank receiverships
Collections:
Cash balances in hands of Comptroller and receivers at
beginning of period
Collections from assets
-.
Collections from stock assessments—
Earnings collected
Offsets allowed and settled (against assets)
Total
_
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
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.
Amount returned to shareholders in cash
Decrease in unpaid balance Reconstruction Finance Corporation loans
Decrease in unpaid balance bank loans
Cash balances in hands of Comptroller and receivers
Total
._.
District of
Columbia
State bank
receiverships i
Total all receiverships
$47,050,230
118, 543, 282
11, 798, 247
18, 559,414
3,887,989
2,981,659
310,973
282,295
466,126
$47,341,179
121, 524,941
12,109,220
18,841, 709
4,354,115
199,839,162
4,332,002
204,171,164
56,633, 934
2, 500,971
2 546,427
a 25,725,683
176, 603
2
1,419
31
a 58,000
56,810,537
2,499,552
2 546,396
a 25,783,633
45,012, 584
3,887,989
16,430,431
13, 642,990
2174, 696
613,764
846,382
466,126
80, 547
355, 418
2 333
7,950
45,858,966
4,354,115
16, 510,978
13,998,408
2175,029
621, 714
365,108
17,273,322
23, 896,196
46,393, 737
2,093,589
17, 638,430
23, 896,196
48,487,326
199,839,162
4, 332,002
204,171,164
* Including building and loan associations.
a Credit adjustment in accordance with revised figures submitted by receivers.
It will be noted from the above that total liquidation costs for the
current year amounted to 8.81 percent of total collections from all
sources including offsets allowed.
Data as to the progress and results of liquidation in 2,966 insolvent
national banks placed in receivership from April 14, 1865, to October
31, 1937, including (158) receiverships disposed of otherwise than
thru liquidation, are summarized in the following table:
Table showing summary of status, 'progress, and results of liquidation of all national banks placed in charge of receivers from the date of the first
national bank failure, Apr. 14, 1865, to Oct. 31, 1937 l
National and District of2 Columbia State
banks
Closed receiverships,
1,926 »
Total assets taken charge of by receivers
Disposition of assets:
Collections from assets (including earnings
collected from 1,155 banks completely liquidated to Oct. 31, 1933, and for accounting
purposes, dividends paid secured creditors
of all trusts finally closed Oct. 1, 1924 to
Oct. 31, 1929).._
Offsets allowed and settled (against assets).._
Losses on assets compounded or sold under
order of court
Book value of assets returned to shareholders'
agents
.Book value remaining assets
Total .
Collections:
Collections from assets as above
__.
Collections from stock assessments
Earnings collected: Interest, premiums, rents,
etc. (unavailable as separate item for 1,155
banks completely liquidated to Oct. 31,
1933)
Offsets allowed and settled (against assets)...
Unpaid balance Reconstruction Finance Corporation loans
Unpaid balance bank loans.
TotalDisposition of collections:
Dividends paid by receivers to unsecured
creditors (including dividends paid to secured creditors for 815 banks completely
liquidated to Oct. 31,1929)._
Active receiverships,
882
Total receiverships,
2,808 3
$1, 202,970,492 $2,491,260,360 $3, 694, 230,852
District of Columbia State banks»
Closed receiverships,
2*
Active receiverships,
13
Total receiverships,
15*
National banks
Closed receiverships,
1,924«
Active receiv- Total receiverships,
erships,
869
2,793«
$3, 341,378 $23,802, 221 $27,143, 599 $1,199,629,114 $2,467, 458,139 $3, 667, 087, 253
o
n
w
tei
635, 445,564
86, 683,193
1, 386, 042, 231
148,928,902
2,021,487, 795
235, 612, 095
1,625, 241
70, 292
12, 815,414
1,876,887
14, 440, 655
1,947,179
633,820, 323
86, 612,901
1, 373, 226, 817
147, 052, 015
2, 007, 047,140
233, 664,916
450,628,412
269,844,206
720,472,618
1, 619, 359
974, 632
2,593, 991
449,009, 053
268, 869, 574
717,878,627
30, 213,323
686,445, 021
26,486
8,135, 288
26,486
8,135, 288
30,186,837
686,445,021
678,309, 733
30,186,837
678,309, 733
1, 202, 970, 492
2, 491, 260,360
3, 694, 230,852
3,341,378
23,802, 221
27,143, 599
1,199,629,114
2, 467, 458,139
3,667, 087, 253
635,445,564
68,802,823
1,388, 042, 231
91, 743, 290
2,021,487, 795
160, 546,113
1, 625, 241
201,422
12,815,414
314,414
14,440,655
515, 836
633,820, 323
68, 601, 401
1, 373, 226,817
91,428,876
2, 007, 047,140
160, 030, 277
16,163, 776
86, 683,193
103,702,602
148,928,902
119,866,378
235,612, 095
132, 563
70, 292
1,106, 796
1,876,887
1, 239, 359
1,947,179
16, 031, 213
86, 612, 901
102, 595,806
147, 052, 015
118,627, 019
233, 664,916
9,367,301
5,132, 702
9, 367,301
5,132, 702
109, 000
15, 000
109,000
15, 000
9, 258,301
5,117, 702
9,258,301
5,117, 702
1,741,917,028
2,552, 012, 384
2, 029, 518
16, 237, 511
18, 267, 029
805, 065,838
1, 728,679,517
2, 533, 745,355
716,437,304 1,129,258,765
328,028
4,607,512
4,935,540
412,493,433
30, 213,323
807,095,356
412,821,461
711,829,792 1,124,323,225
o
od
H
W
O
w
a
3
a
Dividends paid by receivers to secured
creditors (unavailable as separate item for
815 banks completely liquidated to Oct. 31,
1929)
Distributions by conservators to unsecured
creditors
Distributions by conservators to secured
creditors
Payments to secured and preferred creditors
(including disbursements for the protection
of assets for 815 banks completely liquidated
to Oct. 31. 1929)
Disbursements for the protection of assets
(unavailable as separate item for 815 banks
completely liquidated 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
__
Amount returned to shareholders in cash
Cash balances in hands of Comptroller and
receivers
Total.
Capital stock at date of failure
United States bonds held at failure to secure
circulating notes
United States bonds held to secure circulation,
sold and circulation redeemed
Circulation outstanding at date of failure
Amount of assessments upon shareholders
Total deposts 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)
Additional liabilities established subsequent
to date of failure (unavailable for 1,086 banks
completely liquidated to Oct. 31,1932).__
Claims proved (both secured and unsecured)...
16,424,124
14,893,734
31,317,858
21,036,675
188,160,453
209,197,128
146.432
971,364
1,117,796
208,024,542
483,165,459
691,190,001
3. 777,276
86, 683,193
52,486,983
148,928,902
51,870,395
836, 551
5,474,707
48,487,326
48,487,326
807,095,356
1,744,917,028
2,552,012,384
33,729
33, 729
16,42,4,124
14,860,005
31,284,129
2,432,249
2, 836,958
20,631,966
185, 728,204
206,360,170
10,803
10,803
146,432
960, 561
1,106,993
1,123,473
3, 623, 666
4, 747,139
206,901,069
479,541,793
686,442,862
56,264, 259
235,612,095
568
70,292
175, 801
1,876,887
176,369
1,947,179
3, 776,708
86,612,901
52,311,182
147,052,015
56,087,890
233,664, 916
80,755,157
132,625, 552
83,332
1,187, 533
1, 270,865
51,787,063
79, 567,624
131,354,687
10,564,743
65,603
11,401,294
5, 540,310
11,166
7,950
195, 742
206,908
7,950
825,385
5,466,757
10,369,001
65,603
11,194,386
5,532,360
2,093, 589
2,093, 589
46,393, 737
46,393,737
1, 728,679,517
2, 533,745,355
404,709
2,029, 518
16, 237, 511 18, 267.029
805,065, 838
6 400,900,595 ' 1,150,000
1,202,920 7 2, 352,920
199,368,175
8 200,382,420
198,165,255
8 398,547,675
80,538,881
100,186,650
180, 725, 531
80,538,881
100,186,650
180,725,531
80, 538,881
135,397,662
680,454,364
100,186, 650
94,408,822
192,563. 525
1,689,372,005
180, 725,531
170, 762, 785
327.961,187
2,369,826,369
1,000,000
740,341
80, 538,881
76,353, 963
134,397, 662
679, 70*4,023
87, 797,012
335,350,750
423,147, 762
1,141,189
3,956,289
5,097,478
86,655,823
331,394,461
418,050,284
13,006,211
673, 787,903
38,566,715
1,431,139,516
51, 572, 926
2,104,927,419
17,086
678,461
164, 628
16, 724,196
181, 714
17,402, 657
12,989,125
673,109,442
38,402,087
1,414,415,320
51, 391,212
2,087, 524, 762
812,920
1, 812,920
18, 912, 780 19, 653,121
180, 725,531
100,186,650
170, 762, 785
94,408,822
326,148,267
191, 750, 605
1,670,459,225 2,350,173,248
w
o
12 Including District of Columbia State banks and building and loan associations.
Including building and loan associations.
* Does not include 157 banks restored to solvency and 1 bank in connection with which receiver's commission was revoked as of date of issuance.
*8 Does not include 1 bank restored to solvency.
Does not include 156 banks restored to solvency and 1 bank in connection with which receiver's commission was revoked as of date of issuance.
67 Includes $22,950,000 capital stock of 157 banks restored to solvency.
Includes $50,000 capital stock of 1 bank restored to solvency.
8 Includes $22,900,000 capital stock of 156 banks restored to solvency.
ft
hri
6 201,532,420
76,353, 963
hrj
Q
CJ*
Data as to results of liquidation in 339 insolvent national banks completely liquidated and finally closed and 2
District of Columbia State banks during the year ended October 31, 1937, are given in the following table:
National bank receiverships completely liquidated and finally closed during the year ended Oct. 81, 1937
Location
Title
Adams, Nebr 6
Adrian, Mo
Allegan, Mich
Altus, Okla
Amarillo, Tex 3 ..
Anoka, Minn
Arcadia, Ind 6
Arcanum, Ohio
Date receiver
appointed
Date finally
closed or
restored to
solvency
Capital
Total assets and
stock assessment
Total deposits at
date of
failure
$142,416
43,671
581,948
447, 432
10, 773
615, 068
173, 740
260,502
Total liabilities
established to
date of
final
closing
Total
dividends
and
distributions
paid
l
Total payments to
secured
and preferred
creditors
except
through
dividends,
including
offsets
allowed
Percent
dividends
paid to
total
claims
proved
(secured
and unsecured)
8
Percent
total payments
including
offsets
allowed
to total
liabilities
established to
date of
final
closing
First National Bank
National Bank of Adrian
First National Bank
do
National Bank of Commerce
Anoka National Bank
First National Bank
First-Farmers National
Bank.
Arlington, Oreg.1*
Arlington National Bank...
Artesia, Calif 5
First National Bank
_.
Arthur, 111.61
do.
Ashland, Nebr.e »
National Bank of Ashland..
Astoria National Bank
Astoria, Oreg
Georgia National Bank
Athens, Ga
First National Bank
Auburn, Nebr
Auburn, Wash
.do.
Auburndale, Fla
.do..
Augusta, I1L_
.-3
..do..
Avon-by-the-Sea, N. J. .....do
Avon Park, Fla
.do.
..do..
Bagley, Iowa
__
Bardwell, Ky
..do..
Bartow, Fla._
Polk County National Bank
Sept.
Jan.
Feb.
Sept.
Sept.
Jan.
July
June
12.1933
21,1932
18,1927
26,1930
5,1933
27,1931
3,1928
21.1934
Dec.
Sept.
June
Feb.
May
Oct.
Mar.
Sept.
31.1936
30.1937
14,1937
15,1937
29,1937
19,1937
19,1937
25,1937
$50,000
25,000
135,015
50,000 1,320,125
60,000
771,933
785,495
150,000
829,520
50, 000
293, 758
25,000
598, 559
100,000
Jan.
July
Dec.
July
Feb.
Apr,
Oct.
Oct.
May
Dec.
Feb.
Feb.
July
Mar.
June
19,1933
18,1932
13,1933
16,1934
24,1928
17,1926
13,1931
28,1930
15,1929
23,1930
27,1933
18,1929
3,1931
4,1932
28,1929
Nov.
July
Aug.
Sept.
Dec.
June
Feb.
Mar.
Jan.
Sept.
July
Mar.
Dec.
Nov.
Sept.
27.1936
27.1937
24,1937
13,1937
9,1936
30,1937
26,1937
31,1937
28,1937
16 1937
27,1937
20,1937
11,1936
30.1936
24.1937
25, 000
50,000
50,000
60.000
200,000
400,000
50,000
75,000
50, 000
60,000
50,000
100,000
25,000
25,000
200,000
196,147
122, 776
79,155
91, 820
50, 255 » 112
659, 508
473,969
119.841
55.38
400,948
254,947
360,695
232, 408
198, 374
195,195
51, 699 s 109.84
398,021
237, 267
200,932
221,109
56,718 ^ 111. 54
64.5
3, 011,062 2, 242, 061 2, 514, 859 1,135,914
745,328
3,801,996 1,418,519 2, 480, 259 1,103,954 1,376.347 4 100
66.74
501,154
239,051
330,031
133,741
132,419
66.81
1, 045, 702 745,494
241,693
809,025
379,040
15
544, 275
364,331
289,053
42,876
106,996
497,120
340,068
174,499
65.1
69,847
50,068
36.81
86,000
31, 657
68
712,678
30.2
468,879
157,343
95,915
345, 432
282,942
55.85
156,643
36,208
66,797
376,247
64.
282,000
125.842
229, 720
25.5
2,301,105 1,046, 039 1, 575,017
197,922 1,017,175
105.4
79.07
107.6
108.59
74.81
100
80.65
76.73
41.14
71.85
36.77
54.01
65.76
74.72
77.15
Beggs, Okla 3
Belmont, Ohio
Belvidere, N. J
Bishopville, S. C
July 9,1931
Dec. 1,1932
Oct. 19,1931
Jan. 12,1932
Dec. 15,1936
Feb. 15,1937
Sept. 21,1937
M a r . 23,1937
25,000
25,000
100,000
75,000
226, 796
134,380
75, 262
2,262,822 1,841,833
590,976
332,987
80.96
56.38
75.26
103. 78
First National Bank
Belmont National Bank
Belvidere National Bank
Bishopville National Bank..
$200,774
77,109
733,347
591, 500
490,160
640,860
213, 620
360, 241
$130,380
16,326
241,333
216, 548
106, 506
305, 240
147, 673
281,163
170,985
45,798
27,081
9,280
1,906, 509 1,281,055
305,187
164,062
$70,531
33,953
191,782
346, 250
319,146
126, 297
50,822
103, 765
92,635
5,987
153,865
152,679
100.3
32.2
46.39
88
22.442
59.72
90.9
U12.6
62.67
34.274
« 73.68
»108.24
100.06
65.03
59.06
95.15
85.10
67.34
92.92
106.8
Or
to
First National Bank...
Boonville National Bank
First National Bank
Boulder National Bank
Brasher Falls National Bank
Citizens National Bank
First National Bank
Peoples National Bank
First National Bank
do.
.do..
Burgettstown National
Bank.
First National Bank
Burnham, P a 6 6
Citizens
National Bank
Caldwell,
Ohio
Noble County National
do.6
Bank in.
Cambridge
City, First National Bank & Trust
Co.
Id6 *
Ind.
First National Bank
Campbell, Mo
Capac, Mich
.do..
-do..
Carterville, 1113 3
.do..
Carthage, Mo. 1
..doOaruthersville, Mo
Castle Rock, Colo. 6 ... First National Bank of
Douglas County at.
Central City, Nebr. 615 Central City National Bank.
Chaffee, Mo 3
First National Bank
do.
Chardon, Ohio 6
Cherry Tree, Pa.
.do..
Cherry Valley, N . Y.6 National Central Bank_
Chicago, 111 .3
Broadway National Bank
of Chicago.
First National Bank
Chillicothe, Mo
Ross
County National Bank
Chillicothe, Ohio
National Bank of Clayville Clayville, N. Y.66
First National Bank
Clearfield, Iowa _
Security National Bank
Clinton. Okla.o
First National Bank
Clinton, S. C
Clymer National Bank
Clymer, Pa
Coeur d'Alene, Idaho. First Exchange National
Bank.
First National Bank
Colony, Ivans
do
Columbia City. Ind...
Columbia Heights, Columbia National Bank...
Minn.
First National Bank
Colville, Wash 3
do
Connellsville, Pa. ..
Corinth National Bank
Corinth, N. Y
Montezuma Valley National
Cortez, Colo.s
Bank.
Blissfield, Mich
Boonville, M615
o.
..
Boswell, Ind. _I6
Boulder, Colo.«
Brasher Falls,
N. Y.«.
Brazil, I n d 6
615
Brighton, Mich.615
Bronson, Mich. 3
Brookfield, Mo."
Brookhaven, Miss
Brunswick, Mo
Burgettstown, Pa
See footnotes at end of table.
July
3,1931
June 21,1932
Oct. 3,1933
Mar. 28,1934
Aug.
Oct.
Oct.
3,1933
2,1933
9,1933
May 9,1934
Jan. 22,1931
Jan. 13,1931
Oct. 16,1931
May 14,1925
Oct. 30,1937
Sept. 30,1937
M a y 24,1937
Sept. 30,1937
June 24,1937
July 24,1937
Apr. 28,1937
Dec. 31,1936
Sept. 7,1937
Apr. 28,1937
Oct. 20,1937
Aug. 13,1937
60,000
884,113
200,000 1, 477,066
25,000
313, 330
50,000
689,904
25,000
351,853
100,000
796,143
35,000
247, 434
50, 000
403,059
100,000
333,088
100, 000 1, 382,048
50,000
402, 361
100,000 2,122,407
716, 564
593,860
940, 863
673, 628
204, 380
137, 083
521, 280
433, 370
352, 543
187,185
501, 591
421, 683
169, 415
142, 638
293,114
210, 912
130, 468
121, 516
912, 728 1,078, 646
303,117
209, 239
724, 366 1,801, 015
346,224
488,883
144, 445
292, 913
66,052
413,389
144, 604
203,071
99, 736
388, 431
31, 739
1,247,396
133, 847
59.47
328, 897 5 80.43
73, 413 110.7
186, 521 >° 89.1
198,159 8 41
92, 668 5 101.22
37, 221 109. 6
107, 566 55 109.8
38, 882 109.61
370, 584
54.42
68,086
11.48
137,147
75.53
67.01
86.91
106. 59
92
74.94
100.89
107.32
105.97
106. 25
70.37
32.93
76.88
61,965
59.75
109,200 u2 103.48
107,602 « 105.05
73.63
102.94
103.43
Dec. 21,1933
—.do-;
N o v . 30,1936
Sept. 30.1937
Sept. 29,1937
25,000
60, 000
60,000
262,876
889.050
594,825
138, 644
666,974
443, 549
180, 801
687, 805
454,310
71,147
598, 887
362, 311
Oct.
July 27,1937
50,000
349,986
189,445
235,108
170,676
78, 269
Nov. 24,1930
Dec. 19,1930
Oct. 10,1931
IVIar. 23 1936
Dec. IS, 1930
Dec. 18,1933
Apr. 30,1937
Oct. 29,1937
Aug. 30,1937
Sept. 25,1937
Jan. 18,1937
Sept. 24,1937
40,000
25,000
50, 000
100,000
50, 000
50,000
250,843
596,947
475, 722
360, 273
671,952
436,488
109, 663
421, 434
287,441
159,144
467, 534
352, 575
72, 603
486, 491
286, 334
20,667
43,347
132, 842
53,168
268, 034
190,163
54, 655
168,679
100,471
21, 240
135.987
105, 635
Nov.
Dec. 11,1931
Dec. 22,1931
Oct. 13,1933
Oct. 24,1933
Sept. 7,1932
July
June
Nov.
Feb.
Sept.
Dec.
320,902
50,000
50,000
416,817
100, 000
50, 000
100, 000 1, 588, 667
50,000 1,103,864
200,000
200,000
223, 737
272, 825
50, 223
1,091, 573
970, 406
6,461
June 22,1931
July 14,1932
Dec. 19,1933
Sept. 5,1933
June 28,1934
Jan. 27,1931
Aug. 22,1930
Jan. 19,1929
Oct. 30,1937
N o v . 6,1936
Sept. 24,1937
N o v . 30,1936
Oct. 14,1937
Aug. 24,1937
Feb. 27,1937
Jan. 29,1937
Aug. 14.1931
Mar. 31,1927
June 21,1932
Apr. 30,1937
N o v . 28, 1936
M a r . 25,1937
202.157
25,000
100,000 1,354,058
25, 000
376,096
8,1931
12,1931
20,1932
18,1933
Oct. 27,1937
Oct. 30,1937
M a y 8.1937
Apr. 30,1937
280,963
739, 880
651, 861
918, 724
60,000
238, 851
55, 858
200,000
638,151
35, 000 1, 761, 286 1,555,411 1,565, 303 1, 268,136
361, 508
138,120
30, 000
186, 777
487, 743
Jan.
Oct.
Feb.
Jan.
Aug.
10,1934
3,1933
1,1933
31,1937
19,1937
30,1936
24,1937
23,1937
15,1936
5
109.9
105.88
16
14.86
53.15
5
102.969
75. 62
8
105. 53
47.33
45.35
66.17
102.4
83.05
103.3
175, 745
172, 648
43, 201
457, 453
717,129
58, 442 * 107.981
68, 303
82.8
86. 018
55. 53
263, 609
158,564 i° 88.01
6,461
104. 67
88.32
86.02
66.06
90.23
1C0
997,861
790, 465
100, 000 1, 234, 618
150,000 1. 788, 545 1,054, 436 I,375, 506
249,241
25,000
' 308, 537 161, 831
136,813
103, 600
25, 000
213, 822
525, 261
400, 854
50, 000
647, 661
304, 436
269,679
100,000
670, 620
700, 323
75, 000
676, 769
959, 581
100, 000 1,254,387 It 018, 391 1,029, 363
201, 204
929,051
92, 347
30,926
147,229
236,100
359, 650
628,179
25.11
279,894
438, 408
99. 485
137,411
82.6
52, 923
37.27
325, 653
72.8
78, 245 M05
96, 121
60.09
314,384 i° 88. 2
48.21
99.41
91.92
61.28
90.02
103. 25
65.08
91.57
141, 047
83,147
1,010. 834 1,137, 713
306, 430
212, 519
25, 331
684,157
87, 754
59, 809
174,582
181,563
27.35
71.145
71.5
60.36
75.5
87.89
256, 577 10 58. 36
20, 361
23. 616
106,487
87.02
217, 276
95.51
72.65
31.91
87.81
98.31
449. 850
199; 044
212, 597
255,718
850, 604
844, 498
National bank receiverships completely liquidated and finally closed during the year ended Oct. 81, 1987 l—Continued
Location
Craig. Nebr
.
Crescent City, Ili.«__.
Cresco. lowa'e 15
_
Crofton, Nebr.2
Crystal Lake, Iowa 6_
Dahlgren, 111."
Del Rio, Tex.s 6
Dickson, Tenn.
Dothan, Ala
Dougherty. Iowa
Driggs. Idaho
Dublin, Ga
Dunbar, P a . . .
_.
Earlville. 111.""
Eaton, Colo.6 15
Eaton Rapids,
Mich, sis
Eagan, S. Dak. 2
Elgin, 111
Elkin, N. C
Emmetsburg, Iowa
Title
first National Bunk..
.do..
.do
.do..
Farmers National Bank.,
do..
First National Bank
Citizens National Bank..
Houston National Bank..
First National Bank
First National Bank in...
First National Bank
do.
Earlville National Bank.
First National Bank
. . . . -do.....
.do..
Home National Bank
Elkin National Bank
National Bank of Emmetsburg.
Enosburg Falls, VtA First National Bank
-.
Eudora, Ark
doEufaula, Ala6
Commercial National Bank.
Eutaw, Ala.
, First National Bank
Fairfax, S. Dak
Farmers National Bank
Fairfax, Okla
First National Bank
Fairfax, S. Dak.3l3
The Farmers National Bank.
Fairfield, Idaho
Security National Bank
Fairmont, N . C.6
First National Bank
Fair view W. Va..
do
__
_
Farmer, S. Dak.*
do
_
Date receiver
appointed
Total liabilities
established to
date of
final
closing
Total
dividends
and
distributions
paid
Total payments to
secured
and preferred
creditors
except
through
dividends,
including
offsets
allowed
Percent
dividends
paid to
total
claims
proved
(secured
and unsecured)
Percent
total payments
including
offsets
allowed
to total
liabilities
established to
date of
final
closing
87.64
87.85
106. 37
70.15
93.65
93.83
100
81
70.01
57.23
84. 53
63.05
85.49
100.92
106. 56
106.29
Date finally
closed or
restored to
solvency
Capital
Total assets and
stock assessment
Total deposits at
date of
failure
30, 1937
27, 1937
21,1937
31, 1937
30,1937
24,1937
27,1937
18,1937
11,1937
30,1937
23,1937
13,1937
31, 1937
19,1937
8,1937
20,1937
$25,000 $217,335
25. 000
205, 919
50,000
502, 930
25,000
285, 816
25, 000
171,006
25, 000
185, 392
846, 362
100,000
465, 437
50,000
150,000 1, 435, 446
25, 000
285, 665
25,000
231, 441
200,000 2,194,476
50,000
523, 521
50, 000
317, 330
50,000
465, 701
50,000
664, 015
$94, 349
98, 891
275, 507
97, 201
78, 759
125,158
$159, 120
131, 607
361, 358
171,129
124, 981
135, 306
425,179
349, 353
732,935
232.890
154, 013
1, 567, 532
367,164
221, 784
345, 665
526, 730
$71,414
79, 764
238, 458
39,032
59,134
103, 510
422, 815
181, 810
190, 042
78,009
38, 244
176, 251
280,006
160, 424
198. 898
387,979
$68,041
78.8
35, 857
83.7
145,936 s 111.4
81, 024
34.7
57,908
88. 533
23, 449
92.17
2, 364 100
73.83
101. 192
41.07
323, 100
41.9
55, 280
54.9
92,938
20.95
812.106
85. 5
33, 894
72, 725 s 108. 246
169. 465 M15.4
171,892 7 109.162
Dec.
May
Sept.
May
Oct.
Jan.
Mar.
3,1933
15.1931
14, 1931
3, 1932
24, 1928
7,1927
27,1933
26, 1934
5, 1934
Mar
Aug
Aug.
Aug.
June
May
Feb.
May
Sept.
Mar.
Sept.
May
Mar.
May
Mar.
Apr.
Oct.
Jan.
Jan.
Mar.
10,1932
20,1932
26,1932
15,1929
Mar.
Oct.
Mar.
Nov.
11,1937
30,1937
31,1937
28,1936
25, 000
207,896
155, 517
96, 540
150, 000 2, 289, 622 1, 290, 646 1, 553, 229
50,000
679, 855
455, 625
577, 724
60,000
853,478
702,317
701,118
8,189
756, 830
186, 997
412, 643
59,602
789, 317
141,476
67,869
8.83
99.32
41.41
65.425
43.52
99.54
56.86
68.42
Feb. 26,1934
Sept. 12,1931
Oct. 27.1931
Aug. 23,1933
Feb. 1.1934
Apr. 12, 1932
Aug. .26,1931
Mar. 19.1932
Aug. 23.1933
Oct. 13, 1931
Jan. 11,1932
June
May
Feb.
May
Jan.
Aug.
June
May
June
June
Dec.
30,1937
25,1937
26,1937
28,1937
30,1937
20,1937
19,1937
13,1937
30,1937
22,1937
29,1936
25,000
40,000
150, 000
100, 000
50,000
25,000
25,000
25, 000
40, 000
30,000
25,000
527,198
63, 746
102, 023
228,301
6,586
153, 598
33. 567
69,870
31, 720
283,157
17,074
195,962 1ft 92.47
124,363
56.6
87.052
77.5
184,538 8 107.09
4,631
21.179
89,421
73
86, 486
33
29,558 5 111.81
94.33
79.78
94.18
103. 24
36.07
82.41
71.05
105.65
97.92
101.82
70.36
Jan.
Sept.
Oct.
June
May
Nov.
Dec.
Nov.
Oct.
30. 1033
27. 1933
30.1933
1, 1932
23.1934
1, 1933
12,1933
869,371
324, 586
721,834
688, 293
108, 646
344, 331
236, 577
164, 512
296,139
391,043
131, 882
287, 888
501.020
190,940
84, 525
893, 686
366, 597
169, 332
255, 432
415, 795
634, 276
163, 379
139, 309
217, 581
266,849
120,105
81, 797
39, 433
285,431
39, 117
766, 656
235, 777
200, 756
399, 846
31,099
294,888
168, 965
94,102
213,110
295.891
67, 097
176, 965
18,131
30,138
8
96
101.45
44.1
Farmer City, 111.1*
- John Weedman National
Bank.
Faulkton, S. Dak
First National Bank
do
Flandreau, S.fi nD a k A .
do
Fleming, Ky
Floyd, Iowa
- ._—do
Floydada, Tex
Floyd County National
Bank.
Foosland, 111 14
First National Bank
Fort Gaines, Ga.
do.
.do..
Fort Mill, S. C
Fowler, Ind
.doFowler, Kans
.do..
.do..
Fredericktown, Obio_
Freeport, 111.6 *« 15
.doUnion National Bank
Fremont.^Nebr.
First National Bank in
Fresno, Calif
Galion, Ohio
__. Citizens National Bank
Garden City, Kans.6_ First National Bank
First National Bank of
Gardner, 111 3
American National Bank
Gillespie, 111.
Mills County National
Glenwood, Iowa
Bank.
Rubey National Bank
Golden, Colo.6
Goldsboro, N. 6C
National Bank of
First National Bank
Goldsboro, Pa.
Gormania, W. Va.63
.do.
Graettinger, Iowa
..do,.
Greeley, Nebr.
.do..
Greenfield, 111
do
Greensboro, Ala
.do..National Bank in...
ureensburg, Kans 3 First
Grundy Center, Iowa First National Bank
Gulfport, Miss.3
.do
Hamilton, 111
.do..
Hampshire, 111.6
is
do
First National Bank i n . - .
Harrison, Ark.3
First National Bank
Hartwell, Ga.
Hatton, N. Dak.3
.do
Hawkeye, Iowa 6
.do..
Hendricks, Minn. 3
.do
Hiawatha, Kans
.-.do
Hicksville, Ohio«««_._
.do
Highland, Kans 3
.doHodgenville, Ky.
».__ Farmers National Bank...
6
Holland, Minn. 6
First National Bank
Holly Grove, Ark.
.do
Holton, Kans
_do..
Hopedale National Bank..
Hopedale, 111
Hopewell National Bank..
Hopewell, P a .
See footnotes at end of table.
Feb.
19,1932
M a r . 13,1937
75,000
710, 795
354, 993
377, 876
340, 008
57,445
«107.02
105.17
Dec.
Nov.
Sept.
Jan.
July
8,1932
3,1932
15,1933
9,1931
17,1931
June
Apr.
June
Jan.
May
30,1937
30,1937
19,1937
29,1937
28,1937
25, 000
40, 000
25,000
25, 000
50,000
288, 734
529. 368
199, 255
260, 285
456, 527
137, 536
263,834
94, 298
170. 653
281,128
212,141
349, 666
137, 720
184,112
369, 632
79, 231
197, 674
92, 777
102, 573
55,166
94,811
103, 375
50,856
31, 318
123, 841
65.7
80.19
« 109.4
66.88
18.15
82.04
86.1
104. 36
72.72
48.42
_
Feb.
Dec.
Oct.
June
Jan.
Dec.
Oct.
Feb.
July
Aug.
July
June
Sept.
Dec.
19,1932
19,1932
1,1931
2,1931
10,1933
30,1931
9,1933
13,1933
7,1930
4,1930
21,1933
28,1932
22,1932
27,1932
Sept.
July
Sept.
July
Mar.
Amr.
Ocf.
Sept.
July
Sept.
Mar.
Oct.
May
July
10,1937
24,1937
24,1937
27,1937
13,1937
31,1937
21,1937
24,1937
30,1937
21,1937
31,1937
14,1937
29,1937
22,1937
25,000
50,000
40,000
75,000
25,000
25, 000
300,000
150, 000
400, 000
100, 000
50.000
25, 000
50, 000
65,000
184, 850
217,323
403, 047
539, 814
205,944
255, 501
3, 437, 834
1, 093,413
4. 709,497
1, 556, 017
683, 606
260,486
214, 234
511, 609
121,462
43,728
214,181
296,451
79,143
173, 275
2,462, 095
525. 264
3,348, 725
906. 948
425, 628
130, 878
108, 664
121, 700
100, 728
49, 917
310,611
72,104
350,799
196,104
124,117
43, 215
197, 757
119.834
2, 539, 002 2, 260, 968
619, 090
410, 762
3,838, 776 2, 465, 339
627, 293
1,371,6""
148, 561
588, 486
187, 866
77,412
165, 811
9,542
365, 630
168, 639
10, 986
53, 797
113,481
65,146
53, 557
57, 258
380, 596
240, 806
1,264, 349
435,150
275,645
56, 753
42, 236
110,286
98.4
s 118.17
33.18
68.23
58.4
83.6
' 105. 288
* 112.133
i° 95.918
63.69
44.15
59.36
5.97
64.9
98.31
102.9
59.75
74.47
77.97
89.54
g
JS
2
S
^
o
Sept.
Dec.
Nov.
Oct.
Oct.
Dec.
Jan.
Julv
Oct.
Apr.
Aug.
Mar.
Jan.
Jan.
Mar.
Sept.
Nov.
Apr.
Jan.
Sept.
Apr.
Oct.
Dec.
Feb.
May
Feb.
Dec.
21,1933 J u n e 30,1937
30.1930 N o v . 27,1936
3,1933 M a y 25,1937
11,1932 F e b . 27,1937
30.1933 Jan. 30,1937
30,1929 Dec. 31,1936
10,1933 Dec. 23.1936
21,1931 M a v 18,1937
12,1932 M a r . 13,1937
11,1934 M a y 8,1937
9,1932 J a n . 18,1937
4,1932 Aug. 21,1937
12,1934 F e b . 19,1937
10,1935 Sept. 29,1937
8,1932 Aug. 30,1937
16,1933 Nov. 25,1936
3,1933 Oct. 29,1937
11,1934 Dec. 31,1936
28,1932 Aug. 31,1937
13,1933 Aug. 25,1937
26,1932 Nov. 30.1936
10,1934 Oct. 19, 1937
8,1933 J u n e 30,1937
27,1934 Aug. 31,1937
23,1931 . . . . . d o
2,1932 Aug. 13,1937
3,1931 J a n . 18,1937
50, 000
100, 000
25, 000
25, 000
25, 000
25, 000
55, 000
100,000
40,000
50, 000
400, 000
50,000
25, 000
25, 000
75,000
25. 000
25, 000
25, 000
55. 000
50, 000
25,000
U 0,000
25, 000
25, 000
50, 000
50, 000
25,000
1, 330, 203
678, 377
284, 516
65, 005
259, 526
409,416
639, 746
580, 572
373, 525
50, 000
3, 388, 398
326,680
318, 268
25,000
395, 281
53. 087
171, 043
120, 808
560, 839
360,317
242, 876
222. 488
144, 086
115,045
772, 328
278, 944
297, 201
673,445
329, 045
,200, 996
562, 665
162.341
24, 097
41,465
61, 916
79,431
44.049
135, 881
158, 001
8 102.44
44.44
91.01
28.805
11
103.6
23.98
65. 223
8
69.78
50.461
11.028
90.63
5 110
71, 564
95.817
45. 534
f
108.2
9. 509
51.16
5 112. 7
8 107. 95
5 106.184
8
106. 6
100
37.32
99.5
100
100.7
69.7
92.04
86.69
101.47
44.26
68.42
48.38
87.57
50.46
47.65
92.55
H
#
O
f*
t"1
SI
W
_
S
^
107.87
3
277, 219
92, 944
251,187
455, 666
168, 085
147, 880
197, 228
185, 383
100, 312
68, 602
331, 989
178, 681
96, 520
• 40,370
30, 597
403, 898
132,748
222, 415
1, 097, 092
371. 385
217, 825
71, 633
149, 340
314,089
478, 502
327,943
280,149
54, 821
2, 343, 749
224, 388
216, 250
8, V
177,4
17, 566
102, 328
61, 725
404,651
249, 612
136,7""
55,157
84, 322
69, 221
500. 790
166, 210
222, 483
542, 208
96, 507
176, 393
20, 634
89. 624
59, 582
283, 330
22, 802
87, 323
27, 663
239, 610
143, 988
190, 503
6,261
101, 293
7,999
69, 312
5,809
160,871
143, 369
79, 535
40,137
34, 487
28. 264
129,465
101,805
218, 649
877,182
63, 691
42, 776
71. 694
9,567
37,884
11, 646
88,107
117, 860
63, 666
15,049
51, 985
39, 766
153,498
63,693
3,286
104.03
105.2
97.16
77.45
72.08
71.42
31.23
76.28
hj
Hi
hi
Eg
CJ
O
M
H
71.55
97.49
100
/-s
104.75
28.38
61.53
104.6
104.68
JH
§
2
g
y
100.53
102.57
98.28
56.5
99.57
99.68
n
H
2
Si
^
Cm
National bank receiverships completely liquidated and finally closed during the year ended Oct. 31, 1937 l—Continued
Location
Title
Houston, Tex.3
Howell,
Hubbard, Iowa 615
Hull, Iowa e
Humboldt, Iowa 6
Humphrey, Nebr
Iowa Falls, Iowa
Isanti, Minn
Ishpeming, Mich.e *
Jackson, Minn
Jackson, Miss 3
Jackson, Minn.
Jasper, Fla
Jayton, Tex
Jefferson, Tex.3
Jenkintown, 613
Pa_
Jewell, Iowa _
615
Kanawha, Iowa
Kansas, Ohio 613
Kelso, Wash
Kingfisher, Okla.9
Kinston, N. C
—.do
Kirkwood, 111.3
Ladonia, Tex
La Grande, Oreg.3
Public National Bank &
Trust Co.
First National Bank
.do.
.do,.
..do..
_do.
_do_.
..do..
Miners National Bank. . . .
Brown National Bank
First National Bank
Jackson National Bank
First National Bank
First National Bank
Commercial National Bank
in.
Citizens National Bank
First National Bank of Jewell Junction.
First National Bank
.do.do.,
.do..
_do_.
National Bank of
First National Bank..
.do-
United States National
Bank.
La Harpe, Kans.6
First National Bank
La Junta, Colo.
.....do
Lake City, Iowa 615
do
Lake Geneva, Wis. . Farmers National Bank
6
Date receiver
appointed
Capital
$800, 000 $4, 585, 082
Dec.
13,1932
Oct. 22,1937
June
Oct.
Dec.
Oct.
Jan.
Dec.
Oct.
Jan.
Oct.
Feb.
Nov.
May
June
Jan.
18.1934
30,1933
20.1933
24. 1933
30.1930
27.1932
16.1931
17.1934
3.1932
16,1931
16.1933
13,1930
8,1932
16, 1934
July
May
Aug.
Jan.
Feb.
Dec.
Feb.
Aug.
Feb.
July
July
Feb.
Nov.
Dec.
20,1937
21, 1937
20,1937
30,1937
23, 1937
5, 1936
15,1937
26,1937
26, 1937
27,1937
13,1937
27,1937
11,1936
23,1936
June 27,1931
Nov. 3,1933
July 31. 1937
Sept. 25,1937
Oct. 7,1933
Sept. 13,1933
Dec. 29. 1931
July 27,1933
May 1.1931
.do.
Sept. 16, 1936
Dec. 26.1930
May 23, 1932
Apr.
Mar.
June
Sept.
Oct.
Sept.
June
May
Aug.
Sept.
June
Oct.
Jan.
June 25,1937
Dec. 9,1936
Aug. 31,1937
June 15,1937
30,1933
18,1934
22,1931
5,1934
Total assets and
stock assessment
Date finally
closed or
restored to
solvency
13,1937
13,1937
30,1937
24,1937
28,1937
16,1937
30,1937
25,1937
25, 1937
Total deposits at
date of
failure
Total liabilities
established to
date of
final
closing
Or
O
Total payments to
secured
and preferred
creditors
except
through
dividends,
including
offsets
allowed
Percent
dividends
paid to
total
claims
proved
(secured
and unsecured)
$184,312 $1, 334, 247
Total
dividends
and
distributions
paid
Percent
total payments
including
offsets
allowed
to total
liabilities
established to
date of
final
closing
6.041
49.09
410,125
100, 000
736, 768
400, 663
500, 583
175, 011
50,000
432, 295
174, 929
287, 538
106, 512
35,000
280, 533
122, 902
162,917
632,447
50.000 1,157,155
724, 744
940. 620
35, 000
442,418
264, 580
336, 399
178, 881
50, 000
434, 945
278, 645
295,112
122,937
25,000
297,992
200, 036
236,449
100,000 2, 768,167 2,147, 928 2. 362, 540 1,921, 804
86,856
299, 008
218, 488
40,000
143, 272
200,000 2, 993, 596 1, 957, 807 2, 235, 700 1, 342, 204
18,319
167,068
80, 000
38, 511
68, 409
297,474
30,000
195, 042
161,344
28, 975
285,908
40,000
194, 930
117, 600
10, 631
113, 008
25, 000
11, 373
129, 052 110.42
128, 998 112. 25
90
44, 905
323, 266 » 102. 65
76.6
119, 492
66. 73
23,001
67.79
54,745
561, 864 7 107. 25
79.75
113,191
79.13
614, 079
49.8
18, 709
44.08
46, 679
20.63
71. 894
771 5 112.98
107.7
105. 72
92.94
101.6
84.95
68.41
75.15
105.18
91.56
87.50
97.13
59
54.63
100.24
$3, 265 $3,093,362
981, 238
289, 332
384, 791
149, 525
533, 787
199,879
83.476
144, 618
18.85
149, 418
65, 623 5 108. 84
43.62
105.68
275, 752
50,000
25, 000
110,376
100, 000
755.984
25, 000
295,175
125,000 1,155, 990
120. 000 1,300.051
50,000
95,008
100. 000
696,198
100. 000
100, 000
102, 397
44, 886
432, 657
232, 482
623. 322
714. 382
159.005
55,128
454, 779
234, 331
917,342
934,347
12,133
287, 659
50, 000
97, 575
49, 066
207,143
115, 530
134.088
138, 254
69,507 «110.25
11, 337 « 112. 7
66.4
141,461
92.7
107,119
17.95
307, 841
18.04
303,414
12,133
99,975
5
95.99
105.05
109. 56
76.65
95.01
48.17
47.27
100
38.88
95.99
104, 258
399, 554
341, 631
500, 849
38, 436
193, 349
183, 928
351, 767
90.6
61,460
186, 639 i° 94. 65
59. 585
36, 045
184, 682 5 112.073
95.81
95.10
64.38
107.1
150, 000
25, 000
25, 000
50,000
50,000
50, 000
176,561
571,594
538, 570
705, 222
256, 384
67, 603
298,033
321, 573
350, 660
11,884
47, 995
First National Bank
City National Bank
First National Bank
First-Lake County National
Bank.
Little Rock, Iowa 6
First National Bank
do.
Littleton, Colo
Lodi, Ohio
Peoples National Bank
Logan, Ohio
F i r s t - R e m p e l National
Bank.
Los Angeles, Calif.* 15_ Wilshire National Bank
Louisburg, N. C.13
First National Bank
Lumberton, Miss
.do.
Fourth National Bank
,
Macon, Ga 6
Malvern, Ark.6
First National Bank
Mancos, Colo.
.do.
M'anilla, Iowa
.do.,
.do.,
Maquoketa, Iowa
.do..
Marathon, Iowa 6
.do.,
Mareeline, Mo
.do.,
Martinsviile, 111
.do.
Maryville, Tenn 3
Masontown National Bank.
Mason town, Pa.
First National Bank
.
Mazon, 111."
do
McLeansboro, 111
.do.
McLoud, Okla6
Meadow, Tex.
_do_.
.do.,
Mechanicville, N. Y__
.do..
Medford, Wis.3
Farmers & Merchants NaMerced, Calif
tional Bank,
Milbank, S. Dak.3
do.
Millen, G a J »
First National Bank
Minneapolis National Bank.
Minneapolis, Kans
Monroe National Bank
Monroe, N. Y
First National Bank
Monroeton. Pa.66
Montour, Iowa
_do_.
3
Montour Falls, N. Y. _ Montour National Bank
Morris National Bank
Morris, Minn. 6
First National Bank
Morrisonville, 111
Motley, Minn
.do.
M o u n 6t E p h r a i m, Mount Ephraim National
Bank.
N. J.
Mount Morris, Pa
Farmers & Merchants National Bank.
Mount Olive, 111.3 3 First National Bank
Mount Vernou, Ind.
^ Old-First National Bank....
6
First National Bank
New Berlin, Pa.
New London, Iowa 6 .. New London National Bank
Third National Bank
New London, Ohio
,.
Newport Beach, Calif- First National Bank.,
See footnotes at end of table.
Lakeland, Fla
Lansing, Mich.3
Letcher, S. Dak.2
Libertyville, 111.««___.
May
Dec.
Sept.
Dec.
15,1929
22,1936
27,1932
5,1933
Aug.
June
Jan.
Aug.
31,1937
29.1937
12,1937
28,1937
100, 000 2, 656, 204 1, 907, 478 2,192, 816
4,028, 651
500, 000 4, 302, 467
107, 674
170,393
25, 000
63, 288
100, 000 1, 238, 394 987, 864 1, 010, 242
Oct. 31,1933
Jan. 12,1933
Dec. 8,1931
Apr. 16,1931
Oct.
Aug.
Mar.
Sept.
26,1937
25,1937
27,1937
25,1937
238, 646
25, 000
25, 000
451, 294
50,000
685,333
100, 000 1,255,371
Jan.
Dec.
Feb.
Nov.
Oct.
Oct.
Jan.
June
Oct.
Nov.
Oct.
Jan.
Oct.
Oct.
Aug.
Nov.
Oct.
July
Nov.
Sept.
22.1931
9,1933
26,1928
15,1934
9,1933
30,1933
28.1932
31.1933
13.1931
11,1930
13,1933
24.1932
8.1932
4.1930
15,1932
2.1933
9.1931
9,1933
23,1926
Nov.
Sept.
Nov.
Sept.
Oct.
Apr.
July
Feb.
June
Aug.
Sept.
May
Sept.
May
Feb.
Aug.
Apr.
Aug.
Dec.
Feb.
23.1936
29.1937
30.1936
27.1937
30,1937
30,1937
31,1937
24,1937
8,1937
30,1937
23,1937
29,1937
25,1937
28,1937
24,1937
20,1937
30,1937
24,1937
11,1936
25,1937
Dec.
June
Feb.
July
Nov.
Nov.
May
Jan.
June
Dec.
Oct.
11.1933
26.1934
9,1929
18.]932
8.1933
16.1933
1,1936
2.1934
29.1931
16.1932
13.1933
do
July 17,1937
Dec. 11,1936
Oct. 27,1937
July 31,1937
Sept. 29,1937
Jan. 25.1937
Jan. 30,1937
July 13; 1937
Nov. 28,1936
Mar. 31,1937
75,000
25, 000
60,000
50, 000
25, 000
30,000
25, 000
25,000
50, 000
25, 000
25, 000
Feb. 21,1927
Sept. 28,1937
25, 000
423, 070
Aug.
Sept.
Nov.
Oct.
July
Feb.
Feb.
May
Mar.
Sept.
Jan.
June
70,000
100,000
25, 000
25, 000
50, 000
25, 000
321,186
101, 529
336,162
213, 285
587, 770
279, 209
22,1934
12,1932
16,1935
3,1933
30,1933
20,1931
17,1932
8,1937
24, 193/
31,1937
27,1937
30, 1937
11.1937
647, 293 i"36.11
633, 380
4. 913
196, 724 2, 097, 771
6.9
58, 514
3,485
164, 083 1104.1
878, 600
49, 434
74,631
119,593
215, 703
58.
43.
57.
103.
4
31
58
21
79.8
75.61
88. 415
68.82
86.49
80.43
90.12
69.3
143, 857
235, 038
356, 039
225, 889 5 112
200, 000
829, 559
231, 314
. 50,000
228,621
440,009
160, 448
74,320 «108. 504
409,
315
44.17
50, 000
128, 234
163, 017
305, 253
557,159
500, 000 10, 789, 809 7, 690, 486 9, 447, 423 5, 741, 683 2, 899, 485 1086.57
158,142
25, 000
100,817
46, 980 1092 1
128, 777
217, 708
70
452, 824
50, 000
228, 502
603, 258
127,616
284,808
90.7
183, 731
25,000
134, 265
35, 306
156, 792
283,924
59. 427
693, 049
50, 000
290, 441
212, 861
523,112
974,651
79.75
109,316
25, 000
74, 446
228, 375
53, 039
44, 708
31.57
279, 038
25, 000
70, 098
55, 605
248, 829
345, 075
47.56
319.291
25,000
134, 220
36, 407
298, 702
387, 822
56.74
727, 293
302, 596
100, 000
191, 309
573, 249
946, 412
50
834
400
100, 000
100, 000
83, 372
113,799
38,663 5 111.87
74, 687
237, 518
50,000
34.07
599,
394
50, 000
155, 020
156,100
430, 325
713, 210
69.6
98, 069
25,000
47, 607
29,546
95, 325
150, 340
37.05
51,116
25, 000
11,345
17, 076
37,185
96, 063
72.66
50, 000 1, 452, 756 1, 299, 051 1, 332, 065 878, 556
120,411
15.6
107, 009
50,000
16,462
427
107,000
166,897
50.15
100,000 1, 796,168 1,128,135 1, 469, 784 516, 710
434, 975
103.85
101.4
71.16
91.4
93.46
91.8
92.29
72.62
89.42
45.05
53.44
67.91
47.96
107. 23
51.91
78.67
55.6
74.99
15. 78
64.75
199, 691
152, 306
887, 226
638, 006
252,163
331, 391
25, 517
281,510
388, 587
165. 785
298,153
104, 041
325,113
466, 999
769, 937
148,124
361,000
536, 739
899, 636
78, 675
215, 720
364,105
477, 095
66,139
90, 074
614,174
496. 780
190, 542
238, 575
23, 822
230,867
264, 859
103, 266
189, 546
9,317
40, 537
222,390
333. 216
173, 898
157,193
23, 794
77, 970
97,411
24, 077
109, 046
310, 068
342,411
202, 650
46, 779
36, 221
95, 463
203, 530
58, 509
334, 655
86, 204
74,042
205, 282
92, 802
422. 998
197, 349
201, 862
112, 275
230, 628
137, 992
444, 203
216, 886
37,960
525,118
425, 243
185, 009
156,591
148, 303
219,705
76,411
144, 953
29, 068
14.35
54, 349
43.08
112,877
87.37
112,801
99. 317
15, 239
«107.
£3
92,490
517 «102. 09:
73.89
121, 774
50.7
72, 386
31
33, 933
74.72
47, 383
68.7
18.196
85. 027
32, 794 8 103.12
65.2
47, 245
84.17
40, 318
58.65
77,100
58.04
104.5
54.59
99.16
99.3
104. 66
102. 04
86.52
64.11
56.17
82.53
72.84
54.62
85.03
102. 51
76.64
84.41
75.29
Oi
National bank receiverships completely liquidated and finally closed during the year ended Oct. 31, 1937 l—Continued
Location
Title
Newport News, Va.s.
New Richland, Minn.6
Noble, 111
North Bend, Nebr...
Northboro, Iowa
North Rose, N. Y
Oakland, Calif.6*5____
Oak Park, 111
Ozark, Ark.._.
_
Paducah, Tex
Painesville, Ohio 3
Parma, Idaho
Perry, Okla.s
Pharr, Tex
._
Pico, Calif.6i3
Pierre, S. Dak
Pikeville, Ky.s
Schmelz National Bank
First National Bank
._
do.
_do_.
_do_.
_do_.
Central National Bank
First National Bank
.do.
Security National Bank
Painesville National Bank.
Parma National Bank
First National Bank.
do.
National Bank of Pico
National Bank of Commerce.
Day and Night National
Bank.
First National Bank of Bay
Point.
Bozeman Waters First National Bank.
First National Bank in
Farmers-Merchants National Bank.
National Black River Bank
Citizens National Bank
First National Bank
do
.do.,
.do..
.do_.
_do_.
.do-
Port Chicago, Calif..
Poseyville, Ind
Poultney, Vt
Princeton, Wis.oi5__.
Proctorsville, Vt.^
Prosperity, S. C
Ransom, 111.615
Rector, Ark
Republic, Pa
Richwood, Ohio
Ridge Farm, Ill.ei5
Ridgway, 111."
Ridgeway, Mo
Date receiver
appointed
Oct.
Oct.
Nov.
Feb.
Sept.
Oct.
May
Apr.
Jan.
Nov.
Nov.
Sept.
Apr.
Nov.
Jan.
Feb.
Dec.
27.1932
10.1933
14.1931
9, 1933
16.1932
29.1931
8.1933
1,1931
13.1932
2,1931
21,1932
12.1932
9.1934
12,1931
16.1934
11,1925
12.1933
Date finally
closed or
restored to
solvency
Aug.
Sept.
May
May
Mar.
Sept.
Feb.
June
June
Oct.
May
June
Apr.
Aug.
May
Nov.
Mar.
Capital
Total assets and
stock assessment
Total deposits at
date of
failure
Total liabilities
established to
date of
final
closing
Total
dividends
and
distributions
paid
Total payments to
secured
and preferred
creditors
except
through
dividends,
including
offsets
allowed
Or
00
Percent
dividends
paid to
total
claims
proved
(secured
and unsecured)
$400, 000
$401, 533 $379,851
27,1937 $400, 000
94.6
25,000
191,964 $124,111
141, 221
111,510
30,1937
$22, 275
93.9
25,000
250, 825
187,181
28,1937
151, 753
87,778
58.07
50, 000
278,181
173, 450
24,1937
145, 369
126,199
46,778
100
25, 000
235, 211
158, 559
13,1937
111,127
45, 798
51, 545
41.43
50, 000
625, 643
493,391
23,1937
421,713
198, 259
51.18
105, 845
1,1937 1, 200, 000 26, 755, 579 19, 807, 968 20,029, 411 14,889,919 6,036,639 r " 106.74
630, 040
411,772
23,1937
100, 000
203, 978
395, 788
35, 372
55.55
166,846
112,136
17,1937
25,000
90, 211
30, 690
61,007
61.9
682, 670
523,391
21,1937
50, 000
70,591
386,856
159, 258
17. 333
616, 901
199, 111
22,1937
150, 000
116, 940
28,846
58. 731
185, 336
124, 725
18,1937
25, 000
49, 299
58,858
73.1
83, 048
625, 090
483, 222
16,1937
50, 000
301,159
411,123
198, 720 7107. 5
325, 777
199,161
20,1937
50, 000
161, 265
40, 756
73, 249
33
274, 073
172, 346
19,1937
50,000
125, 389
55, 531
123, 466 6 114.93
100, 000 1, 344, 804 1, 073, 294 1, 084, 580 382, 790
30.1936
339, 858
51. 333
192, 654
78, 981
100, 000
26.1937
66, 223
11,172
83.847
Percent
total payments
Including
offsets
allowed
to total
liabilities
established to
date of
final
closing
94.6
94.73
67.63
99.73
61.39
61.76
104. 48
58.13
81.77
43.92
73.21
86.72
103.44
57.24
103.85
66.63
Mar. 18,1932
Oct.
21,1937
25, 000
199,210
112, 675
147, 782
28, 960
72,108
38.35
68.38
Jan. 20,1932
Feb.
27,1937
50, 000
633.649
425, 207
528, 290
376, 705
130,472
93.83
96.01
June 20,1930
Jan. 15,1934
Apr.
Feb.
24,1937
10,1937
1-00, 000 1,169. 950
40,000
388,731
764,122
307, 918
853, 035
314,226
559,383
320,451
145, 479
78.71
18,075 7108.26
82.63
107. 73
Dec. 5,1933
Oct. 22,1931
Nov. 1,1933
Dec. 3,1930
Feb. 13,1931
Apr. 17,1931
Oct. 10,1933
Feb. 4,1933
Dec. 23,1930
Feb.
July
Dec.
July
Mar.
May
Apr.
Oct.
Mar.
12,1937
23,1937
31.1936
28.1937
31,1937
11,1937
30,1937
28,1937
31,1937
247,848
167, 497
116, 742
193, 204
151, 829
357, 035
36, 623
73,144
87,181
259, 482
224,117
140, 741
252, 462
153, 936
398, 637
86,652
83, 732
107, 509
244,911
149,449
122,891
26, 316
73,958
121, 668
45,889
74,896
68,479
50, 000
50, 000
25, 000
25, 000
50, 000
40, 000
50, 000
25, 000
60, 000
322, 478
485, 319
191, 224
300,883
322.650
522,316
203, 627
152,906
274,373
28, 648
56,952
27,033
69,422
26, 684
89, 581
42, 581
14,694
26, 769
7106.2
89
5 108.44
12.23
56.68
36. 497
8114.6
5108. 45
86.77
105. 42
92.09
106. 52
37.92
65.37
52.99
102. 09
106.9
88.69
Rook Rapids, Iowa
L y o n C o u n t y National
Bank.
Rock Springs, T e x . " . . First National Bank
Rockwell, Iowa
do.
Rolla, Mo
National Bank of Rolla
Rosalia, Wash.a«
Whitman County National
Bank.
Rosedale, Ind. 61313
Rosedale National Bank
Russiaville, Ind.
First National Bank
Sabetha, Kans
„___ National Bank of Sabetha—
St. Augustine, Fla
First National Bank
St. Cloud, Minn
do.
Smith National Bank
St. Edward, Nebr
First
National Bank
St. Francis, Kans
American Exchange NaSt. Louis, Mo. 6 * 5
tional Bank.
St. Louis, Mo
Vandeventer National Bank
St. Marys, Kans
First National Bank
Central National Bank &
St. Petersburg, Fla
Trust Co.
First National Bank
Citizens National Bank
Salmon, Idaho
First National Bank
Samson, Ala
.do.
Sandersville, Ga 8
San Gabriel, Calif. ..
..do..
_do_.
Scappoose, Oreg
Citizens National Bank
Sedalia, Mo
do
_. Sedalia National Bank
First National Bank
Selma, N. C
Seven Valleys, Pa. 8 _. Seven Valleys National Bank.
First National Bank
Seward, Pa
National Bank of Seymour..
Seymour, Iowa
Shawneetown, 111.6 »_ National Bank of Shawneetown.
First National Bank
Sheffield, Iowa
.do.
Sidell, 111.615
Siloam Springs, Ark.. Hutchings-First National
Bank.
First National Bank
Silverton, Tex.6
Sioux Rapids, Iowa_. First National Bank in
First National Bank
__..
Smithville, Tex
South Glens Falls,
do
.
N. Y.
Spencer National Bank
Spencer, Ind
Spokane, Wash.3
City National Bank
Springfield, Oreg_____ First National Bank.
Springfield
National Bank.
Springfield, Pa
„._
Springvale, Maine 6 1 5 . Springvale National B a n k Spur, Tex
City National Bank
Steelville. Mo
First National Bank
Steward, 111."»
do...
See footnotes at end of table.
1, 329, 274 1, 065, 798 1,139,103
702,171
71. 92
76.19
82, 553
192,929
666, 563
309,814
46,143
88,461
191, 257
245, 494
44, 360 5 113.5
33,456
55. 33
181, 711
37. 93
94,879 5 115.39
109. 62
63.19
55. 95
109. 86
July 31,1937
Sept. 28,1937
Sept. 21,1937
Feb. 11,1937
June 28,1937
Dec. 29,1936
Apr. 30,1937
Mar. 17,1937
135, 676
30, 750 5 110.4
132, 709
153, 288
25, 000
211, 393
40,904 5 107.76
71, 795
107, 671
85, 834
25, 000
179, 873
234, 418
170, 746
604, 882
503, 713
54.25
60, 000
790, 920
421,837 1, 036, 487 29. 07
130, 000 2, 804, 497 1, 649, 312 2, 338, 624
578, 525
746,146
250, 000 2, 916, 213 1, 889, 085 2, 509, 408
30
90, 902
163,144
244,166
50,000
479, 019
337, 791
52. 54
143, 023
92, 001
25, 000
352, 655
228, 479
280, 661
76. 17
843, 413 7103. 96
300,000 2, 578, 709 1, 783, 653 2,127, 346 1, 330, 897
108.5
104.6
66.98
62.41
52.79
75.21
83.74
102. 21
Jan. 11,1932
Jan. 12,1933
Apr. 21,1931
Aug. 21,1937
Oct. 30,1937
Sept. 28,1937
250, 000 2,139, 628 1,196, 262 1,526,478
239, 998
50, 000
169,323
396, 468
300, 000 3,915,881 2, 602, 558 2, 802, 585
513, 870
91, 400
946, 435
95. 75
62. 45
52.39
96.75
80.1
67.88
9.1930
25,1932
8.1930
14.1929
27,1934
18,1932
6.1931
15,1932
16,1925
23,1934
10.1930
30.1931
21,1934
Oct. 30,1937
Aug. 31,1937
Apr. 14.1937
July 21.1937
Aug. 30; 1937
Feb. 15,1937
Sept. 13,1937
Aug. 25,1937
June 11,1937
June 30,1937
600, 000 7, 877, 541 4, 336,700 5,487,816 1,832, 708 1,980, 040
232,189
100, 000
269, 979
381, 689
543,171
820, 470
34, 569
149. 463
60, 837
100, 000
84, 378
380, 766
434, 850
74, 810
50, 000
183, 973
231, 649
592, 020
357, 732
131,921
206, 963
50, 000
239,918
456,145
144, 399
19,188
52, 477
105, 379
25, 000
208, 087
861, 015
337, 494
100, 000 2, 592, 597 1, 925,817 2,126, 952
330, 026
193, 825
546, 026
100, 000
472, 862
834, 285
60, 258
276,198
90, 564
30, 000
199,987
345, 579
248,946
154, 967
46,325
25, 000
209,439
316, 262
176, 581
75,217
30, 205
25, 000
157,319
258, 576
167, 762
66, 997
45, 097
25, 000
152,991
242,173
276, 273
200, 208
25, 000
93,068
197, 473
367, 840
51. 4
82. 54
39. 7
18. 9
87. 9
18 1
48 3
93. 95
33. 3
76 55
51.71
54. 43
111 25
69.48
92.45
63.83
59. 51
94.73
49.63
56.34
95.94
54.61
80.82
59.7
66.82
106 15
June 11.1932
Sept. 27,1933
Nov. 2,1931
Mar. 25.1937
Sept. 30,1937
Sept. 21,1937
40, 000
25. 000
50, 000
396,439
225,619
643, 928
250,030
106,115
364, 474
300,010
143, 091
494, 976
206, 850
101. 527
32, 020
June 5,1933
Aug. 1,1932
Oct. 7,1931
May 24,1932
Apr.
Sept.
July
Feb.
30,000
50, 000
50, 000
25, 000
304, 661
313, 337
87, 518
155. 510
238', 999
428, 557
201, 236
215, 610
257, 503
464,825
48,140
63,999
198, 285
309, 945
88,745
92, 622
28,427
98, 646
July 30,1932
Nov. 20,1930
Oct. 22,1932
Sept. 22.1932
Nov. 6>1933
Oct.
7,1930
Jan. 30.1933
Nov. 1,1933
Oct. 23,1937
Jan.
8,1937
Dec.
5,1936
Sept. 23?1937
July 19,1937
Aug. 31,1937
July 30,1937
Oct. 16,1937
277, 237
749, 282
50, 000
588, 424
880, 906
192, 419
250, 536
200, 000
50, 536
557, 263
84,126
105,118
25, 000
148,879
90, 298
21, 750
233, 417
122, 056
50, 000
85, 505
100, 000 2, 489, 919 2, 000, 038 2, 085,423 2, 099,148
451, 469
40, 923
324, 985
40, 000
184,464
335,978
153, 295
252, 683
25, 000
209,308
247,955
81,416
131, 319
50,000
78, 511
214,146
Oct. 20,1931
Feb. 27,1937
75,000
Dec.
Mar.
June
Apr.
28,1932
30,1931
8,1932
25,1934
Feb.
Apr.
Oct.
Aug.
35, 000
25, 000
50, 000
50,000
Oct.
Dec.
Jan.
July
June
Mar.
Nov.
Dec.
3,1933
30,1932
18.1932
25,1929
24,1925
3,1933
3,1932
5,1933
June
May
Jan.
Mar.
Mar.
Oct.
Nov.
Feb.
May
Jan.
Jan.
Dec.
Sept.
12,1937
27,1937
7,1937
27,1937
May 18,1937
Feb. 25,1937
Dec. 8,1936
16,1937
22,1937
30-1937
l i ; 1937
170, 1.73
246, 714
831, 247
520, 819
571, 375
36, 726
1.77,137
505, 612
234,170
962, 963
101, 003
956, 072
7
89 712
69,487
48,181 5 109 15
202,150
88
28.45
52.45
86.75
84 93
49.34
76. 802
22, 521 8102. 25
41,900
26.3
119,374 7 106 9
121. 083
15 8
49. 478 8 75 25
56, 409 108 93
92.11
104.i32
47.31
68.02
72.64
88.04
87.9
63.53
76.80
101.45
52.15
106.38
49.86
80. 25
104. 95
C7!
CO
National bank receiverships completely liquidated and finally closed during the year ended Oct. 81., 1937 l—Continued
Location
Title
Stewartville, Minn
Stone Lake, Wis.«
Sulphur, Okla
Tarpon Springs, FlaA
Taylorville, 111
Thomasville, Ga_
Tilden, Nebr.
Tulsa, Okla.s
Turkey, Tex
Twin Falls, Idaho
Unionville, Mo.
Valparaiso, Ind.15
Vancouver, Wash.e
Venice, Calif
Versailles, Mo
Viborg, S. Dak
Wabash, Ind.3 is
Waco, Tex.3
Wahoo, Nebr
Wanette, Okla
Washington, D. C.««.
Washington, D. C.s__.
Washington, Ga.3
Watseka, 111
Waynesboro, Miss
Waynesburg, Pa8
Waynoka, Okla.
Webster, N. Y.«»
West Alexander, PaA.
Westbrook, Minn
West Hollywood, CaliL
First National Bank.
.do_.
Park National Bank
First National Bank of Commerce.
First National Bank
.do.
.do..
Producers National Bank...
First National Bank
Twin Falls National Bank...
National Bank of Unionville.
Valparaiso National Bank...
United States National Bank.
First National Bank
First National Bank in
First National Bank
Wabash National Bank
Liberty National Bank
Saunders County National
Bank.
First National Bank...
Chevy Chase Savings Bank.
Continental Trust Co
Citizens National Bank
First National Bank
.do.
Citizens National Bank
First National Bank
Webster National Bank
Citizens National Bank
First National Bank
West Hollywood First National Bank.
Date receiver
appointed
Date finally
closed or
Capital
restored to
solvency
Total as- Total desets and posits at
stock as- date of
sessment
failure
$604,164
116, 751
209, 936
490,948
Total liabilities
established to
date of
final
closing
$482,193
67,607
157,280
233,820
Total payments to
secured
and preTotal
ferred
divicreditors
dends
except
and
through
distributions dividends)
including
paid
offsets
allowed
$353,024
19, 348
74, 562
58,337
Percent
dividends
paid to
total
claims
proved
(secured
and unsecured)
$54,144 io 82.8
68.8
41, 072
83.3
66,994
67
141,961
15,1931
12,1933
14,1932
26,1933
Feb.
July
Sept.
Aug.
27,1937
20,1937
16,1937
13,1937
$50,000
25,000
25,000
75,000
Oct. 18.1929
July 27,1932
Nov. 17.1931
July 27.1932
Oct. 22.1931
Dec. 2,1931
Aug. 13.1932
Jan. 20,1932
Feb. 5,1934
Dec. 23,1931
Oct. 16,1931
Oct. 1.1931
Feb. 2,1934
June 3.1932
Apr. 22.1930
Aug.
May
Apr.
Dec.
Dec.
Sept.
June
Sept.
Sept.
June
Sept.
June
Sept.
Feb.
June
21,1937
18,1937
28,1937
31,1936
17,1936
18,1937
18,1937
8,1937
29,1937
18,1937
30,1937
26,1937
22,1937
20,1937
30,1937
200,000
100,000
50,000
250,000
25,000
150, 000
40,000
150,000
100, 000
50,000
30,000
40,000
200,000
300,000
50,000
Mar.
Nov.
Feb.
Aug.
June
July
Aug.
Sept.
Nov.
July
Sept.
June
Dec.
Jan.
Oct.
July
Sept.
Oct.
Dec.
June
Aug.
July
Feb.
Oct.
80,977
125,166
27.48
418, 576
272,906
318,401
25,000
29,1936
732, 737
854, 220
734,575
170,436 M08
100,000 1, 038,155
23,1937
1, 023,329
5,766 1, 044,396
30,1937 1,000, 000 3,303, 223
14.7
2,165
4,232
14, 726
16,1937
75,000
142,085
162,947
56.7
334,288
43, 705
22,1937
464, 981
288, 539
50,000
25.4
105,32a
197,758
23,1937
462,
294
576,
955
697,592
25,000
3,367
26,1936
500,000 6,193,051 4,080, 072 4, 087, 604 4, 074,166
26,1937
106, 019
147,378
35,076
113, 530 8 105. 7
208, 604
25, 000
7,1937
397, 243
364, 344
419. 916
77, 762 5 106.8
555, 208
50,000
22,1937
302, 242
324,900
309, 753
37,310 12106. 77
399,304
25,000
15,1937
316, 254
359, 649
228,106
75, 396
80.4
428, 853
30,000
29,1937
182,866
227,
067
115,559
94.6
101,949
383, 759
75 000
Oct.
Dec.
Nov.
Oct.
24,1930
15,1933
28,1933
12,1936
29,1931
6,1932
17,1927
12.1933
15,1933
16,1934
4,1931
28,1932
$470, 719
39, 704
156,072
123,161
1,896, 762 1, 023,437 1, 335, 520 847,673
135, 245
315, 747
607, 538
208,857
116,476
208, 730
376, 818
181, 547
281,400
417,131
1,020,537
136, 270
41,461
213, 078
308,850 ~~~79,~8l9"
241,348
660,631
120,921
85,298
90, 295
206, 449
713, 076
549,869
653, 645
1,110,814
743,483
1,344,753 1, 023,579 1, 039,099
125, 282
223,113
261, 494
369, 791
97,698
228,482
261, 200
367,342
152,522
292, 267
345,142
485,520
22, 657
30,165
125,360
184,140
300,000
300,000
188,128
469, 076 1,123,336
993, 519
467, 569
97, 745
36, 782
108, 212
76, 051
111,267
26,871
208,762
204,094
46,457
41, 210
76,954
7,874
96.39
59.15
68.15
68.206
"~37~9~
92.87
•111.2
io 90.31
59.25
44.8
56.72
«109.978
61.38
374, 941
25.38
Percent
total payments
including
offsets
allowed
to total
liabilities
established to
date of
final
closing
84.44
89.37
90
85.67
98.48
73.78
73.42
93.4
56.03
61.87
92.76
106.39
91.19
65.68
53.18
66.49
101.2
61.38
50.12
49.25
105.73
97.98
43.43
61.82
52.53
99.75
100.8
105.28
106.82
84.39
95.79
First National Bank,
.doFarmers National Bank.....
First National Bank
Citizens National Bank
First National Bank
.do.
Peoples National Bank of
Winston.
Woodlynne National Bank.
Woodlynne, N. J
Woodstock, Minn.e... First National Bank.
Worthington, W.3 Va..
do
Youngsville, Pa.
.....do
West Salem, 1116
Whiting, Iowa
Wilkinson, Ind
Willoughby, Ohio 3....
Wilmington, Ohio
Wilsonville, Ill.«
Windsor, Mo. 8 ..
Winston-Salem, N. C .
1425
2510
1402
2075
1529
2568
2786
1615
1551
2481
1544
2715
Total.
1
Nov.
Oct.
Sept.
June
Mar.
Nov.
Mar.
June
18,1930
31,1933
19.1930
29.1932
9,1931
15.1933
28.1934
29.1931
Apr.
Oct.
Sept.
July
Jan.
June
June
Jan.
30,1937
30,1937
24,1937
31,1937
29,1937
17,1937
18,1937
30,1937
Apr.
Oct.
Mar.
Feb.
11,1931
26,1933
31,1931
1,1934
May
July
Aug.
May
25,1937
31,1937
25,1937
18,1937
25, 000
361, 782
25, 000
353,177
25, 000
263,068
100,000 1, 269, 845
100,000
922, 397
25,000
154,341
50,000
366, 053
150,000 1, 685,177
223, 941
167, 747
141,893
430, 768
161, 441
274, 062
119, 578
245, 354
55,903
156,448
50,000
25,000
30,000
50,000
296,912
257, 208
170,227
1, 305,975
661, 567
566, 471
71,122
91,610
140, 759
222, 598
906,141 1,170,610
303, 683
106, 929
199, 048
61, 746
92,459
141,179
101,858
380, 751
55, 452
100,712
158,843
81, 630
47, 082
110, 819
36,983
91, 675
105,420
40, 970
987, 506
134,458
27, 732
94,487
380,792
42.43
92.1
77.5
85. 262
72.32
86.65
79. 083
17.535
62.02
95.87
83.95
8fi.29
77.88
90.8
87.61
46. 10
87,484
38
61, 521 >104
71.32
42,924
69.538
18, 749
55.69
101.5
77.24
90.25
27,450,000 276,107,101 154,754,207 201,098,023 102,723,029 62, 221, 715
Including District of Columbia State banks (2 banks).
23 Final closing effected through "Termination loan" obtained from Reconstruction Finance Corporation (5 banks).
Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation (40 banks).
4
86 percent paid by purchasing company upon proved claims and 100 percent upon unproved claims, and 14 percent paid by receiver upon proved claims (1 1 ank).
s 100 percent principal and interest in full paid to creditors (43 banks).
«7 Formerly in conservatorship.
Including dividends paid through or by purchasing bank. Principal and interest paid in full to creditors (15 banks).
* Interest partially paid (17 banks).
* Licensed bank declared insolvent and immediately placed in receivership (1 bank).
° Including dividends paid through or by purchasing bank (13 banks).
1 Dividends paid through or by purchasing bank (1 bank).
2 Including dividends paid through or by purchasing bank. Interest partially paid (5 banks).
s Receiver elected by shareholders to continue liquidation after payment of principal and interest in full to creditors (11 banks).
* Interest on non-interest-bearing claims 6.74 percent. Interest on interest-bearing claims 6.51 percent (1 bank).
s Shareholders' agent elected to continue liquidation after payment of principal and interest in full to creditors (45 banks).
8
Licensed bank closed through revocation of license with appointment of conservator, subsequently declared insolvent and placed in receivership (I bank).
n
o
W
8
o
p
w
o
d
o
UNLICENSED NATIONAL BANKS
Administration of unlicensed national banks, March 16, 1933, to October
31, 1937
The last conservatorship under the supervision of this office, incident to the banking holiday of March 1933, was terminated on February 6, 1935, and there have been no unlicensed national banks, as such,
to be reorganized or otherwise disposed of since that date. However,
in the year ended October 31, 1937, unsecured liabilities of these
banks released and made available to creditors amounted to $42,077,776, or 2.19 percent, of the total of such liabilities outstanding on
March 16, 1933. •
The summaries and tables following have reference to the administration of all unlicensed banks in charge of the Comptroller since
March 16, 1933.
As indicated in previous reports, there were 1,417 national banks,
including 10 nonnational banks in the District of Columbia, placed on
a restricted basis as of March 16, 1933, the close of the banking holiday, 312 of which were reorganized or otherwise eliminated without
the appointment of conservators. These 1,417 banks had total assets
as of December 31, 1932, for the nonconservator banks, and as shown
by conservators' first reports of condition, in the sum of $2,687,402,137,
capital of $198,457,820, borrowed money of $212,627,465, and total
deposits of $1,971,960,022. Their total unsecured liabilities were
$1,922,698,738, of which $1,562,739,935, or 81.28 percent, has been
made available to creditors in the period from March 16, 1933, to
October 31, 1937.
The reports showing the administration of the 1,417 banks have
been segregated into five major groups: First, banks licensed after
capital corrections; second, banks reorganized by waiver or rehabilitation; third, banks reorganized by Spokane sale; fourth, banks placed
in voluntary liquidation; and fifth, banks placed in receivership, plans
for reorganization having been disapproved.
The first group, comprising 292 banks which were licensed after
capital corrections, had unsecured liabilities at the holiday of $305,638,919, all of which had been released to creditors prior to July 11,
1933.
In the second group are 565 banks, with unsecured liabilities of
$594,604,830, which were reorganized by waiver or rehabilitation.
These banks have made available to creditors $507,325,348, or 85.32
percent, of the liabilities mentioned. Included in this group are 17
associations, absorbed by other national banks, which have released
82.13 percent of their unsecured liabilities; 18, absorbed by State
banks, which have released 91.83 percent; 282, reopened under new
charters, which have released 79.60 percent; and the remainder, or
248 banks, reopened under their old charters, have released 91.41
percent.
62
REPORT OF THE COMPTROLLER OF THE CURRENCY
63
The third group consists of 257 banks, with unsecured liabilities of
$882,901,854, which were reorganized under the so-called Spokane
sale plan. These associations have made available to creditors
$662,491,370, or 75.04 percent, of such liabilities. Twenty-one of
the banks were absorbed by other associations, releasing 85.56 percent, while the remaining 236, which were reopened under new charters, have released 74.79 percent of their unsecured liabilities.
The fourth group is made up of 13 banks, with unsecured liabilities
totaling $1,343,597, which were placed in voluntary liquidation, having made available for release 100 percent of such liabilities.
The fifth and last group comprises 290 banks which were placed in
receivership following disapproval of plans submitted for reorganization. These banks at the close of the holiday had unsecured liabilities
of $138,209,538, of which amount $85,940,701, or 62.18 percent, has
been made available by receivers for release to creditors.
The table following shows a summary of unlicensed national banks
and nonnational banks in the District of Columbia on March 16, 1933,
and unsecured liabilities released to October 31, 1937, grouped in
accordance with final disposition.
Summary of unlicensed national banks and nonnational banks in the District of Columbia on Mar. 16, 1933, and unsecured liabilities released
tp Oct. 31, 1937, grouped in accordance with final disposition
NATIONAL BANKS AND NONNATIONAL BANKS IN THE DISTRICT OF COLUMBIA
Groups of banks
Banks licensed after capital corrections
Banks reorganized by waiver or rehabilitation:
Banks absorbed by another national bank.
Banks absorbed by a State bank
Banks reopened under new charter
Banks reopened under old charter
Banks reorganized by Spokane sale:
Banks absorbed by another bank
Banks reopened under new charter
Banks placed in voluntary liquidation
Placed in receivership, plans for reorganization having
been disapproved
Total
Total assets Total deposits
Capital as
Dec. 31, as of Dec. 31, as of Dec. 31,
Num- Capital at of
1932, or as
1932, or as
1932, or as
ber of date of or- reported
reported in
in
reported in
banks ganization conservators'
conservators' conservators'
first reports first reports first reports
Total borrowed money
as of Dec. 31, Unsecured
1932, or as
liabilities
reported in
conservators'
first reports
Unsecured
liabilities
released
Percent
of unsecured
liabilities
released
292 $18,947,300
$28,614,800
$395,468,355
$306,821,531
$14,981,975
$305,638,919
$305, 638,919
100.00
17
18
282
248
710,000
875,000
22,308,000
14, 772,000
1,390,000
1,335,000
39,512, 500
21,893, 000
14,056,815
14, 509, 635
440, 244,005
361,671, 765
9,431,290
10.174, 715
299,457,744
275,308,142
1,998, 784
1,311,671
46,856,330
27,243, 742
9, 431,187
10,174, 715
299,493, 920
275, 505,008
7, 745, 490
9, 343,157
238,398, 918
251,837, 783
82.13
91.83
79.60
91.41
21
236
13
1,905,000
27, 710,020
380, 000
2,300,000
79,965,020
525,000
29,368,727
1,190,471,908
2, 725,441
21,934,162
895,105,083
1,343,597
2, 548, 592
81,455,922
430,618
20,070,016
862. 831,838
1, 343, 597
17,172,309
645,319,061
1, 343, 597
85.56
74.79
100. 00
290
13,238,000
22,922, 500
23$, 835,486
152,383,758
35,799,831
138, 209, 538
85,940,701
62.18
1,417 100,845,320
198,457,820
2,687,402,137
1,971,960,022
212,627,465 1,922,698, 738 1, 562, 739,935
81,28
NATIONAL BANKS
Banks licensed after capital corrections
Banks reorganized by waiver or rehabilitation:
Banks absorbed by another national bank
Banks absorbed by a State bank..
_.
Banks reopened under new charter
Banks reopened under old charter
Banks reorganized by Spokane sale:
Banks absorbed by another bank
Banks reopened under new charter
Banks placed in voluntary liquidation
Banks placed in receivership, plans for reorganization hav
ing been disapproved
Total
_
_
292
18,947,300
28,614,800
395,468,355
306,821, 531
14,981,975
305, 638,919
305,638,919
100.00
16
18
282
248
610,000
875,000
22,308,000
14,772,000
990,000
1,335,000
39, 512, 500
21,893, 000
10,141,429
14> 509,63 5
440,244,005
361,671,765
7,108,070
10,174,715
299,457, 744
275,308,142
1,013,363
1,311,671
46,856,330
27,243, 742
7,107,967
10,174,715
299,493, 920
275, 505,008
6,623,286
9,343,157
238,398, 918
251,837, 783
93.18
91.83
79.60
91.41
20
230
13
1,855,000
27,355,020
380,000
2, 200,000
79,425,020
525,000
21,180,684
889,247,893
1,343, 597
2,489, 704
79, 643,033
430,618
19,335,872
856,828,876
1,343,597
16, 438,165
640, 781, 976
1,343,597
85.01
74.79
100.00
288
13,038,000
22, 722, 500
233,686,104
148,824,874
34,711,546
132,514,223
82,825, 591
62.50
1,407 100,140,320
197,217, 820
2, 668,647,346
1,959,467, 250
208,681,982 1,907, 943,097 1, 553, 231, 392
81.41
28,369,729
1,181,830,883
2, 725,441
OS
NONNATIONAL BANKS IN THE DISTRICT OF COLUMBIA
Banks reorganized by waiver or rehabilitation:
Banks absorbed by another bank
Banks reorganized by Spokane sale:
Banks absorbed by another bank
Banks reopened under new charter
.
Banks placed in receivership, plans for reorganization having been disapproved
Total.
100,000
400,000
50,000
355,000
100,000
540,000
3,915,386
2, 323, 220
8, 641,025
753,478
5,857,190
985, 421
2,323, 220
1,122, 204
48.30
58,888
1,812, 889
734,144
6,002, 962
734,144
4, 537,085
100.00
75.58
200,000
200,000
5,199,382
3, 558,884
1,088,285
5, 695, 315
3,115,110
54.70
705,000
1, 240,000
18, 754, 791
12,492,772
3, 945,483
14, 755, 641
9, 508, 543
64.44
d
o
w
H
O
hrj
O
O
IT1
W
o
d
3
o
ORGANIZATION AND LIQUIDATION OF NATIONAL BANKS
At the close of the current year, October 31, 1937, there were in
existence 5,290 national banking associations having authorized common capital stock amounting to $1,297,129,756. These figures included suspended banks and banks that had ceased business but had
not gone into voluntary liquidation, and so remained technically in
existence. During the year ended October 31, 1937, there was a
reduction of 82 in the number of national banks, or a fraction over 1
percent, and a net increase of $28,706,020 in the amount of authorized
common capital stock, or a fraction over 2 percent of the total at
the beginning of the year. During this same period, there was a net
decrease of $62,316,265.24 in the amount of outstanding preferred
capital stock issued by national banks under the provisions of the
act of March 9, 1933, so that the total amount outstanding at the
close of the period was $289,604,020.01. The net result was a reduction of $33,610,245.24 in the aggregate capital stock of all national
banks for the year ended October 31, 1937.
During the current year, there was an aggregate increase of $35,199,395 in the common capital stock of 790 national banks. Of this
number 37 banks effected an increase of $5,086,100 by stock dividends
pursuant to the provisions of section 5142, U. S. R. S. Coincident
with retirement of preferred capital stock 673 banks effected an
increase in their common capital stock of $22,407,545 by stock dividends declared by their respective boards of directors pursuant to the
requirements of their articles of association; 62 banks issued an
aggregate of $6,669,050 of additional common capital stock for cash;
and 18 banks effected an aggregate increase of $1,036,700 through
conversion of preferred capital stock to common capital stock. Also,
during the period under review, 19 banks issued preferred capital
stock aggregating $1,917,250 of which $1,308,250 was sold to the
Reconstruction Finance Corporation and the remainder, $609,000, to
other purchasers, usually shareholders of the issuing banks.
Covering the entire period since the inception of the national banking system, February 25, 1863, to and including October 31, 1937,
14,394 national banking associations have been authorized to begin
business. Of these banks 5,907 have gone into voluntary liquidation
in the manner provided by sections 5220 and 5221, U. S. R. S., paid
their depositors and quit business or merged with other national and
State banks; and 404 have consolidated with other national banking
associations under authority of the act of November 7,1918. Exclusive
of banks which failed but subsequently were restored to solvency, loss
to the national banking system since its inception through receiverships has been 2,793. Thus, the number of receiverships has been
about 19 percent of the total number of banks organized.
During the year ended October 31, 1937, 98 national banks with
aggregate common capital stock of $8,188,500, among which were 37
with preferred capital stock aggregating $2,861,040, went into voluntary liquidation in the manner provided by sections 5220 and 5221,
66
REPORT OF THE COMPTROLLER OF THE CURRENCY
67
U. S. R. S. Of these banks 8 with common capital stock of $300,000
and aggregate assets of $2,607,896, including 2 with preferred capital
stock aggregating $40,000, paid their depositors and quit business;
59 with common capital stock of $4,208,500 and aggregate assets of
$76,275,206, including 24 with preferred capital stock aggregating
$1,154,840, were succeeded by other national banks; 31 with common
capital stock of $3,680,000 and aggregate assets of $94,996,089, including 11 with preferred capital stock aggregating $1,666,200, were
succeeded by State banks. The last-mentioned group included 2
banks with capital stock of $500,000 or more with an aggregate of
$2,100,000 common capital stock, $1,399,900 preferred capital stock,
and assets of $73,107,668.
November 2, 1914, marked the beginning of the operation of the
Federal Reserve System. At that date, there were in existence
7,578 national banks with aggregate common capital stock of $1,072,492,175 as compared with the total common capital stock of $1,297,129,756 for the 5,290 national banks in existence October 31, 1937.
In addition, 2,265 national banks as permitted by the act of March 9,
1933, have issued preferred capital stock, 1,817 of which had an
aggregate of $289,604,020.01 outstanding at the close of the current
year. Since 1914, there has been a net decrease of 2,288 in the number
of national banks in existence but a net increase of $224,637,581 in
the amount of common capital stock, and, in addition, a net increase of
$289,604,020.01 in capital through the issuance of preferred capital
stock during the last 4K 3^ears. During this 23-year period, 3,742
new national banks have been chartered, with aggregate common
capital stock of $560,041,600 and preferred capital stock of $55,199,300, while 6,030 associations have been closed voluntarily or otherwise.
During the year ended October 31, 1937, in addition to applications
carried over from the previous year, 52 applications were received to
organize national banks and to convert State banks into national
banking associations, with proposed capital stock aggregating
$8,600,000. Of these applications, 33 with proposed capital stock
aggregating $5,775,000 were approved; 7 with proposed capital stock
aggregating $800,000 were rejected; and the remainder are still pending or have been abandoned. During the year 10 of the applications
approved were for the organization of new national banking associations which would not acquire all or a part of the business of some
other bank. From the applications carried over from the previous
year and the 33 applications approved during the current year, 29
national banking associations with common capital stock aggregating
$5,225,000, 4 of which also had $130,000 preferred capital stock, were
authorized to commence business. Of these 29 banks, 1 was located
in the Eastern States, 9 in the Southern States, 13 in the Middle
Western States, 5 in the Western States, and 1 in the Pacific States.
It further appears that of the 29 charters issued within the year
ended October 31, 1937, 18 with common capital stock aggregating
$4,455,000 and assets aggregating $93,112,719 were the result of
conversions of State banks; 1 with common capital stock of $10,000
and preferred capital stock of $40,000 was a reorganization of a
State bank; 2 with common capital stock of $35,000 and preferred
capital stock of $65,000 were organized for the purpose of acquiring
the business of 2 liquidating national banks; and 8 with common
capital stock of $750,000 did not acquire the business of any other
68
REPORT OF THE COMPTROLLER OF THE CURRENCY
banking institution as of date of charter. The business of 39 State
banks with aggregate capital stock of $2,551,300 and aggregate assets
of approximately $37,774,249 were purchased by national banks.
During the year ended October 31, 1937, 17 national banks and 1
State bank were consolidated into 9 national banking associations,
under authority of the act of November 7, 1918, as amended February 25, 1927, the common capital stock of the consolidated banks
being $2,382,125 and the preferred capital stock being $453,000.
In two of these consolidations there were increases in the capital stock
while in five there were reductions in the capital stock, the net result
being a reduction in the common capital stock of $277,875 and an
increase of $106,000 in the preferred capital stock. Additional assets
of approximately $1,297,419 were brought into the national system
by reason of the State bank which was consolidated with a national
bank.
BRANCHES
On February 25, 1927, the date of the passage of the McFadden Act,
118 national banking associations had in operation 372 branches as
compared with 192 national banking associations with 1,546 branches
as of October 31, 1937.
Covering the entire period from February 25, 1927, to and including
October 31, 1937, 2,013 branches have been added to the system. Of
these branches 1,190 were de novo branches, 313 were branches of
State banks which converted into national associations, and 510
were branches brought into the system by the consolidation of State
banks with national banks. During this same period, 839 branches
were relinquished, 564 went out of the system through liquidation of
the parent institutions, and 275 through consolidations or for other
reasons. The net result of these operations was a gain for the system
of 1,174 branches since February 25, 1927.
During the year ended October 31, 1937, there was a net gain of 86
in the number of authorized branches, 110 de novo branches being
established, 96 of which were authorized under the Banking Act of
1933 to operate in places other than the city in which the parent bank
is located. Nine branches were discontinued by leason of liquidation
of the parent bank, while 15 were discontinued through action of the
board of directors or shareholders of the parent bank.
There follows a summary of branch-banking operations in the national system during the period discussed in the foregoing:
69
REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and kind of branches on Feb. 25, 1927, and number and
manner of acquisition of additional branches of national banks by years to close oj
Oct. 31, 1937
6
478
Total
104
62
82
5
95
162
510
207
127
103
89
86
50
102
106
49
13
6
14
58
64
152
75
96
372
527
173
173
92
145
264
164
113
171
81
110
952
445
2,385
1
8
60
18
35
30
30
26
22
25
14
15
308
256
275
15
17
241
24
10
14
7
Number of banks
with branches
20
86
32
2
87
Number of branches
Involuntary liquidations
Total
Other than
local city
branches
Local city
branches
Under act Feb.
25, 1927,
as amended
In existence
Lapsed or consolidated
165
296
8
2
1
Closed
Voluntary liquidations
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
Year ended Oct. 31, 1935
Year ended Oct 31 1936
Year ended Oct 31 1937
Consolidations of
State banks
Conversions of State
banks
Authorized
372
899
992
1061
L, 086
L, 184
L, 314
L, 211
,264
L,393
4p,n
1,546
118
158
161
157
154
151
147
152
179
177
190
192
1,546
192
Table showing number and kind of branches authorized and closed during the year
ended Oct. 31, 1987
Author- Closed during the year ended
Oct. 31, 1937
In op- In exized
Total
eration istence during
in exOct.
year
Feb.
istence
31,
ended
25,
By
Oct. 31.
By
1936 Oct. 31, share- direc- Lapsed Insol1927
1937
vent
1937 holders
tors
Classes
_
(a
Statutory^
"|
Additional offices, c branches
Millspaugh Act
_,
flocal
Cbranches
lother"thinfott;i""":::"
Total
_
165 /\ 363
298
74
202
3
5
385
337
14
96
1
6
1
8
4
1
1,460
110
10
12
1
372
2
1
1
363
296
74
2
384
427
1,546
NOTE.—Branches classified according to the paragraphs of sec. 5155, U. S. R. S., under which they are
authorized as a, b, and c.
70
REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and manner of acquisition of domestic branches of national
banks during the year ended Oct. 81, 1937
Branches authorized during
the year ended Oct. 31, 1937
Charter
No.
Under act Feb. 25,
1927, as amended
Title and location
Local
3728
14324
First National Bank of Arizona, Phoenix
Other
than
local
1
The Valley National Bank of Phoenix
ARKANSAS
7138
The State National Bank of Texarkana
CALIFORNIA
2491
9174
13044
Security-First National Bank of Los Angeles
The Anglo California National Bank cf San Francisco
Bank of America National Trust and Savings Association, San
Francisco.
INDIANA
13729
The Merchants National Bank of Indianapolis.
Marion National Bank, Marion...
KENTUCKY
109 The First National Bank of Louisville
MARYLAND
1413
The First National Bank of Baltimore
614
6077
Middlesex County National Bank of Everett.
Un'ion Old Lowell National Bank, Lowell
MASSACHUSETTS
13671
4446
National Bank of Detroit
First National Trust and Savings Bank of Port Huron.._
NEVADA
7038
First National Bank in Reno »
NEW JERSEY
1188
The First National Bank of Morristown
NEW YORK
1301
149
2370
13260
1354
11292
The National Commercial Bank and Trust Company of Albany..
First National Bank & Trust Company of Elmira__
The Chase National Bank of the City of New York
The National Safety Bank and Trust Company of New York
The National Bank and Trust Company of Norwich
The Port Washington National Bank and Trust Company, Port
Washington
OHIO
4318
5065
Central National Bank of Cleveland
The Ohio National Bank of Columbus..
1553
4514
The First National Bank of Portland
The United States National Bank of Portland.
PENNSYLVANIA
The Erie National Bank of Philadelphia.
The First National Bank of York
1
Title changed to "First National Bank of Nevada, Reno, Nevada."
13032
197
35
Total
71
REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and manner of acquisition of domestic branches of national
banks during the year ended Oct. 81, 1987—Continued
Branches authorized during
the year ended Oct. 31, 1937
Charter
No.
Under act Feb. 25,
1927, as amended
Title and location
Total
Other
than
local
Local
SOUTH DAKOTA
4631
2
a
3
4
2
4
1
5
4
2
7
1
5
14
96
110
The First National Bank of Lead
WASHINGTON
11280
4375
14394
4668
3417
Seattle-First National Bank, Seattle
The National Bank of Commerce of Seattle
Peoples National Bank of Washington in Seattle..
The Old National Bank and Union Trust Company of Spokane
National Bank of Washington, Tacoma
_ _
Total (34 banks) _
Table showing number and class of domestic branches of national banks closed during
the year ended Oct. 81, 1987
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
CALIFORNIA
Voluntary liquidation.
5
5
Board of directors
1
1
Voluntary liquidation.
1
Board of directors
1
13044
The Seaboard National Bank of
Los Angeles.
Bank of America National Trust
and Savings Association, San
Francisco.
10504
The Franklin National Bank of
Washington.
5550
Bishop National Bank of Hawaii
at Honolulu.
1668
The Idaho First National Bank . . do ,
of Boise.
7725
Lincoln National Bank and
Trust Company of Fort
Wayne.
200
The First National Bank of
Boston.
12545
DISTRICT OF COLUMBIA
HAWAII
IDAHO
1
INDIANA
Shareholders
1
MASSACHUSETTS
27021—38
do
1
1
72
REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and class of domestic branches of national banks closed during
the year ended Oct. 81, 1987—Continued
Branches closed
Charter
No.
Title and location
3513
The City National Bank of
Lansing.
374
The First National Bank of
Jersey City.
1262
2370
The New York State National
Bank, Albany.
The Chase National Bank of the
City of New York.
1553
The First National Bank of
Portland.
355
The Delaware County National
Bank of Chester.
Manner of closing
Branches under act
State
of Feb. 25, 1927,
bank
as amended
branches
in operation
AddiFeb.
25, Total
tional
Branches
1927,
offices
authorwhich
which
ized
conbecame
since were
verted
branches Feb. 25, or
conFeb. 25.
1927
solidated
1927
MICHIGAN
Receiver
1
Board of directors
2
Voluntary liquidation-
2
2
Board of directors
3
.3
do
2
2
do
1
do
2
NEW JERSEY
2
NEW YORK
OREGON
PENNSYLVANIA
WISCONSIN
First Wisconsin National Bank
of Milwaukee.
22
Total (14 banks) —
NATIONAL-BANK
2
2
24
CIRCULATION
With the expiration of the 3-year privilege, provided by the act of
July 22, 1932, authorizing national banks to deposit as security
eligible for circulating notes United States bonds bearing interest at
a rate not exceeding 3% percent per annum, and the call for redemption of the 2-percent consols and Panama Canal 2-percent bonds on
July 1 and August 1, 1935, respectively, the privilege of issuing circulation by such banks was discontinued.
A detailed reference to the history and development of the nationalbank note was made on pages 817 to 842 of the Comptroller's annual
report for 1935, and nothing further on the subject is referred to in
this report, except the amount of national-bank notes of each denomination still outstanding on July 1, 1937, and reference to the amount
d cost of national-bank notes retired in the year ended June 30, 1937.
73
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of capital stock of national banks, national-bank notes, and Federal Reserve
bank notes (old series) outstanding, etc.
Authorized capital stock of national banks, common
Paid-in capital stock of national banks, common
July 1, 1937
J u n e 1, 1937
$1,290,820,821
1, 290, 790, 821
$1, 289, 812, 406
1, 289, 772, 406
Increase or
decrease since
above date
Increase of authorized capital stock, common
Decrease ^fflnt-hnriwi ^apitftl st<">fk, commnn
Increase of paid-in capital stock, common
Decrease of paid-in capital stock, common
$1, 255, 924, 926
1, 255, 924, 926
Increase or
decrease since
above date
$1, 008,415
$34, 895, 895
1, 018,415
34, 865, 895
$301, 511, 042
$303, 509, 372
$493, 251,922
301, 511, 042
303, 509, 372
493, 251,922
_
Authorized capital stock of national banks, preferred,
par value
Paid-in capital stock of national banks, preferred, par
value
-
J u l y 1,1936
__
Increase or
decrease since
above date
Increase of authorized capital stock, preferred, par valua.
Decrease 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--
_
Increase or
decrease since
above date
$1,998,330
$191, 740,880
1,998, 330
191, 740,880
National-bank notes outstanding, old and new series,
secured by United States bonds
National-bank notes outstanding,
old and new series,
secured by lawful monev 2
i $600, 000
i $600, 000
271,564,454
277, 484, 675
371,121, 815
Total national-bank notes outstanding, old and
new series
272,164, 454
278, 084, 675
371,721,815
» $600, 000
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
.
Decreases since dates indicated above.-
above date
_
_
Ni?t increase
Net decrease
Federal Reserve bank notes outstanding secured by
lawful money, old series
_.
Increase or
decrease since
$2, 279,181
> $5,920,221
$99, 557, 361
5,920, 221
99, 557, 361
$2, 279,181
$2, 307, 460
28, 279
i Secured by $500,000 United States 2-percent consols, 1930, deposited with United States Treasurer.
Includes proceeds for called bonds redeemed by Secretary of the Treasury.
3
74
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of capital stock of national hanks, national-bank notes, and Federal Reserve
bank notes (old series) outstanding, etc.—Continued
National-bank notes of each denomination outstanding
Old series
One dollar ._
_ _
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
_ .
One hundred dollars
Five hundred dollars
One thousand dollars
Fractional parts
.
_
.
._
.
. _
_
..
Total
Less notes redeemed but not assorted by denominations.
Total
New series
Federal Reserve bank
notes of each
denomination
outstanding,
old series
$340,194
162, 020
9, 536, 235
14, 325, 900
11, 249, 470
2, 074, 250
2, 787,900
86, 500
21, 000
62,128
$16, 729,870
73, 086, 470
103, 636, 780
18,154, 250
20, 754,800
40, 645, 597
232, 362, 642
843, 785
2, 279,181
40, 645, 597
231, 518, 857
2, 279,181
$1, 562, 343
374 366
237, 892
49,950
46, 230
8,400
472
REDEMPTION OF NATIONAL AND FEDERAL RESERVE BANK
CIRCULATION
During the year ended June 30, 1937, national-bank notes, Federal
Reserve notes, and Federal Reserve bank notes, new series, aggregating $1,651,758,231 were redeemed in the United States Treasury
at a total expense of $129,111.89.
Redemptions included Federal Reserve notes amounting to $1,537,384,340; Federal Reserve bank notes received from all sources,
$14,800,100; and national-bank notes of $99,573,791, all of which
were redeemed on retirement account.
National-bank notes were redeemed at an average cost of 76 cents
per $1,000; Federal Reserve notes received from sources other than
the Federal Reserve banks, $1 per 1,000 notes; canceled and other
Federal Reserve notes received direct from Federal Reserve banks
and branches, 39 cents per 1,000 notes redeemed; and redemption on
account of Federal Reserve bank notes at the rate of $1.54 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, 1937, 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 three reports of condition
during the year ended October 31, 1937, 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 are shown in the following statement:
75
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks on dates indicated
[In thousands of dollarsl
Dec. 31,
1936 (5,331
banks)
Mar. 31,
1937 (5,311
banks)
8,267,328
3,882
7,300,159
8,469,204
5,368
6,813,206
8,807,782
5,113
6,902, 521
1,385,395
4,094,490
78, 717
033,095
176, 506
3,828, 463
518, 503
4,634,115
1,352,019
4,082,065
101,869
636,352
175,104
3,918,035
483,510
3, 876, 071
7,166
1,316,674
3,903,092
96,441
635, 670
162, 409
4,152,889
444, 598
3,780,382
8,215
5,779
273
134,637
7,014
368
121,821
8,265
229
112,791
31,070,441
30,049,172
30,337,071
June 30,
1987 (5,299
banks)
ASSETS
Loans and discounts (including rediscounts)
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 and cash items in process of collection
Cash items not in process of collection
_
Acceptances of other banks and bills of exchange or drafts sold with
endorsement
_
Securities borrowed
Other assets
Total .
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals* partnerships, and corporations
State, county, and municipal deposits
U. S. Government and postal savings deposits
Deposits of other banks
__Certified and cashiers' checks, cash letters of credit, and travelers'
checks outstanding, etc
Total deposits
Secured by pledge of loans and/or investments
„
Not secured by pledge of loans and/or
investments..
Agreements to repurchase U. S. Government or other securities
sold.
Bills payable
_..
_
Rediscounts
Obligations on industrial advances transferred to the Federal Reserve
banks.
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 declared.
Other liabilities
—
Capital stock (see memorandum below)
Surplus
Undivided profits, net
Reserves for contingencies
Preferred stock retirement fund
Total.
Memorandum:
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 fully guaranteed
Other bonds, stocks, and securities
Loans and discounts (excluding rediscounts)
Total
12, 691,606 12,132, 545
7,281,494 7,401,394
2,057,872 2,119,798
378,020
658,230
4,450,048 4, 111, 092
469,147
372,261
27,608,897 26,515,110
2,388,301 2,136,482
25,220,096 24,878,628
835
2,588
62
12,430,183
7,469,842
2,203,466
467,873
3,790,587
751
12,155
112
403,962
86,765,918
2,246,824
24,519,089
~
676
7,968
562
10
10
10
5,779
83,126
11,504
273
47,636
7,014
104,243
14,210
368
59,767
8,265
99, 794
13,616
229
51,221
28,642
110, 579
1,5S8,815
1,046,582
368, 525
146,467
10,621
19,442
118,587
1,586,072
1,059,257
385,445
157,929
8,700
27, 703
148,949
1,582,131
1,073,154
389,233
155,623
12,024
31,070,441
30,049,172
30,337,071
315,771
19,310
1,269,930
281,012
17,965
1,288,749
1,587,726
1,605,011
285,826
18,653
1,287,222
1,591,701
2,129,484
614, 369
24,780
1,948,458
601,497
24,891
2,768,633
2,574,846
732,246
1,308,843
465,873
163,794
3,630
463,089
1,317,797
534,252
154,933
11,508
527,465
1,365,989
515,425
151,281
9,506
76,344
17,903
76,015
17,252
76,266
16,977
2,768,633
2,574,846
•
''
-
—i
2,063,195
574,946
24,768
Pledged:
Against U . S . Government and postal savings deposits
Against State, county, and municipal deposits
Against deposits of trust department
Against other deposits
Against borrowings
With State authorities to qualify for the exercise of fiduciary
powers
For other purposesTotal
Principal items of assets and liabilities of national banks, June 30, 1937
O)
[In thousands of dollars]
Loans and
Num- discounts,
ber of including
banks overdrafts
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
40
52
42
128
12
54
Total New England States.
328
1,861
2,451
1,355
43,739
997
13,885
3,008
2,619
1,284
31,034
2,843
7,334
142,677
28,259
81,719
16,473
62, 592
9,810
1,
535,
698
328, 648
19, 567
110,435
70,664
320, 687
843,436
797,049
64,288
48,122
473,421
Bills
Capital
Deposits payable (common
and
of other
1
and
preredisbanks
counts ferred)
1
609
147
100
125
40
9,707
6,165
5,389
76, 747
7,555
21,679
Surplus
4,873
4,804
2,491
84,958
7,322
12,830
Undivided
profits,
including reserves
3,558
2,971
1,854
35, 392
1,800
5,691
7,136
6,116
1,687
205,841
13,672
18,958
1,164,285
505,955
253,410
1,022
127,242
117,278
51,266
1,876,189 2,454,888 136,860 40,124 1, 637,472 6,228,098 3, 317,765 821, 747 1,201,310
402,454 45,830 16, 364 167,609
875,924
346,088 404, 525
18,465
240,283
797, 275 1,480,458 113, 792 49, 246 710,085 3,175,033 1,215,878 1,100,417 393,570
1,143
23,928
10,818
421
8,793
9,419
7,684
3,798
376
6,149
338,203
163, 590
4,828 100,817
150,584
96,984
61, 781
58, 414
7,135 5,308
195,100
85,984
103,446
47,027
48,927
24,288
47,508
2,884
991
954
20
80
288, 683
63,439
168,308
1,891
13, 949
9,212
297,341
23,686
180, 395
2,523
10, 094
5,482
99,404
14,907
89,265
869
6,919
4,822
4,929
545, 482
519, 521
216,186
55
25,198
12, 795
7,321
4,612
17, 954
15,603
20,360
5,195
14, 238
79, 277
6, 369
14, 495
25,074
14,474
5,507
3,546
1,750
8,530
7,019
7,848
1,678
7,775
37,099
3,057
11,253
9,683
7,605
3,965
2,625
1,229
6,574
3,032
4,612
947
4,066
24,975
2,689
4,043
7,501
119, 219
73,863
3,030, 720
132
79
43
20
55
53
68
25
30
457
50
100
72
139,638
62, 239
39, 544
26, 782
127, 705
53, 541
70,036
19,245
77, 038
357, 583
28, 247
Time
deposits
(except
deposits
of other
banks)
71,851
22,148
34,411
264,073
19,046
94,426
1,472
1,184
Demand
deposits
(except
deposits
of other
banks)
45, 243
38,646
16,409
838,683
60,149
165,155
Total Eastern States
Total Southern States
Total
assets
69,814
29,974
26,245
519,939
39,539
111, 538
450
232
702
16
63
—_
Balances
with
other
banks,
including
reserve
and cash
items in
process of
collection
39,265
30,109
23, 652
587,402
46,839
116,169
New York.
._
New Jersey
Pennsylvania
Delaware
Maryland
__.
District of Columbia....
Virginia
West Virginia
North Carolina
South Carolina
Georgia..
Florida..
Alabama
Mississippi
Louisiana.
Texas
Arkansas
Kentucky
Tennessee
Investments
Real
estate,
furniture inCash
vault
and fixtures
132, 644
1,233,231
4, 598,192
128,232
52,970
31, 503
28, 729
65,865
135,590
75, 596
27,616
120,517
394,721
40,596
81,825
123,205
2,253,808
310,909 116,291 2,668,708 10,836, 286
12,877 8,296
8,834 4,593
3,773 3,269
1,610 2,277
10, 511 5,050
8,242 6,898
11, 315 5,075
1,916
2,757
9,062 4,816
40,627 21,775
2,431 2,166
5,816 5,205
13,297 6,382
1,306,965 131,152
388,296
97,903
172,197
43,095
109,076
30, 768
83,636
23,857
289,308
79,482
291, 720
86,414
222, 281
58, 791
71,639
19,915
318, 399
104,017
464,609 1,281,957
109,993
36, 282
262,338
69, 784
401,562
123, 968
77,698 1,238,885
4,002,402
5,142, 554 2,480,119 1,696,423
153,207
79,888
59,416
56, 300
145, 587
174,425
104, 393
35,983
152, 321
749,142
55,368
110,831
173, 774
?, 050,635
149,449
60,504
27, 647
13,870
66,497
46,833
63,882
23,545
64,953
178, 259
27,656
73,918
104,826
36,976
8,932
8,083
5,528
41,963
44,102
19,606
4,109
72,084
208,116
14, 509
46, 388
78,917
901,839
589,313
125
185
303
45
361
65
390
10
1,810
248,491
Ohio
—_ -
Indiana
Illinois
M ichigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western StatesNorth Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
___
Total Pacific States
Alaska (nonmember banks)
The Territory of Hawaii (nonmember bank)
.
._ _.
Virgin Islands of the United States
(nonmember bank)
Total (nonmember banks)
Total United States
248
126
310
83
105
196
113
86
313, 376
109,427
726,343
153,852
106, 591
202,846
73,397
177,977
491,310
223,716
1, 318,768
412,533
259,891
302,639
100,446
242, 760
34, 776
13,104
43,366
11,007
13,153
15, 590
4,931
8,908
24,154
13,838
39,391
18,437
9,803
8,816
5,438
7,210
284,425
128,928
921,901
230,892
131, 334
218,023
70, 748
215,655
1,152,130
490, 233
3,077, 393
829, 339
524,145
751, 756
255, 702
653, 914
550, 052
253,089
1, 696,115
456,191
226, 208
344, 387
125, 645
316, 764
105, 261
58,167
522,074
69, 384
56, 265
119,031
44, 298
179,438
110
6
1,267-
1,863,809
3, 352,063
57
47
136
186
44
26
78
22
214
14,634
18,493
73,551
62,811
13,451
15,351
61,323
12,984
111, 646
24,563
22,744
97,954
88,482
38,196
15,050
109,499
16, 779
135, 798
144,835 127,087 2, 201,906
2,239
2,155
6,724
7,472
2,563
985
3,965
1,064
9,806
990
1,242
3,520
3,955
2,016
1,458
5,351
1,210
5,370
11,716
14,294
85,920
96, 710
26,939
14,463
110, 510
14, 768
170,908
7, 734, 612
54, 458
59, 332
268, 590
259, 792
83, 419
47,379
291, 425
46,824
434, 436
3,968, 451 1,875, 303 1,153, 918
24, 409
32, 938
140,194
153, 111
45, 400
24,024
150,181
32,119
246, 987
20,837
16,445
44,986
38, 410
24,027
14, 344
71,152
8,635
70,167
2,688
3,450
56, 962
41, 629
5,083
3,767
43, 590
2,595
73, 205
810
384,244
549,065
36,973
25,112
546, 228
1, 545,655
849, 363
309, 003
232, 969
54
29
105
20
13
5
6
122,792
66,926
1,195,098
11,912
21, 244
6, 213
16,852
144,641
123,148
1,139,871
20,917
29, 501
13, 089
22,493
8,652
6,567
88, 249
1,132
1,351
652
1,516
7,035
5,112
29,603
1,206
843
939
1,648
103,235
62, 521
567, 790
12, 399
23,688
8,571
17,247
387,429
266, 232
3, 039, 704
47, 637
76, 720
29, 625
59,915
199,893
105, 761
139, 306
87, 951
1,121, 985 1, 442, 432
29,144
13,073
36, 987
19, 742
15, 757
10, 266
40,126
12, 520
43,875
17, 688
188,488
1,448
12, 011
1,388
2,175
232
1, 441,037
1, 493,660
108,119
46,386
795, 451
3,907,262
1, 583,198 1,691, 745
267, 073
4
2,073
2,056
198
640
2,021
7,100
4,307
2,064
85
1
13,793
22,600
1,587
3,076
6,391
48,277
19,834
21,250
1,350
20
44
74,801
23,680
151, 030
34, 341
32,092
39,413
13, 297
27, 522
32, 733
12, 760
68,382
16,490
9,956
22,211
5,907
13, 322
20,357
8, 549
44, 336
12,140
9, 461
8,776
3, 739
11,700
230
396,176
181, 761
119,058
4
72
5
5
10
13
19
5
4,216
4,391
14, 621
15,254
4,738
2, 616
11, 622
1,985
24,873
1,525
1,109
6,413
6,167
2,099
1,464
7,768
1,071
11,455
635
721
4,739
4,776
1,925
1,020
6,262
371
6,686
133
84, 316
39, 071
27,135
21,826
8,635
136, 472
2,649
3,798
760
2,509
6,907
5,881
77, 649
667
1,664
256
1,228
7,233
4,831
51,836
583
2,228
916
984
176, 649
94, 252
68,611
275
307
57
3,350
1,728
681
50
406
406
1
552
637
18
186
260
1,669
465
994
8
150
17
23
6
16,418
25, 293
1,803
3,902
8,672
57.046
24, 606
24,308
1,443
3,775
2,052
761
8,530 1,582,131 1,073,154
556,880
5,299
8,812,895 12,122, 287
798,079 444, 598 7,933,271 30, 337,071 14, 783,092 7, 788,272 4,194, 549
i Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.
364, 269
132, 428
577,946
235,986
187, 271
211,739
62, 381
103, 283
78
REPORT OF THE COMPTROLLER OF THE CURRENCY
LIABILITIES OF NATIONAL BANKS ON ACCOUNT OF BILLS PAYABLE
AND REDISCOUNTS
Liabilities of national banking associations for money borrowed on
account of bills payable and rediscounts at the date of each call in the
year ended October 31, 1937, are shown in the following statements:
Total borrowings of national banks on account of bills payable and rediscounts at date
of each call since June 80, 1936', according to geographical location
[In thousands of dollars]
Middle
Southern Western
States
States
New
England
States
Eastern
States
Dec. 31, 1936:
Bills payable
Rediscounts
1,198
1,330
29
57
Total
1,198
1,359
57
4,847
5,853
37
4,847
Mar. 31,1937:
Bills payable Rediscounts
Total
June 30,1937:
Bills payable
Rediscounts „
— -. ,
Total
Western
States
Pacific
States
Total
3
2,588
62
33
3
2,650
465
33
825
5
105
32
60
5
12,155
112
5,890
498
830
137
65
12,267
1,022
4,727
202
1,577
233
230
27
106
385
21
7,968
562
1,022
4,929
1,810
230
133
406
8,530
33
Total borrowings of national banks on account of bills payable and rediscounts at date
of each call in the year ended Oct. 31, 1937, according to central and other Reserve
cities and country banks
[In thousands of dollars]
Central
Reserve
cities
Dec. 31,1936:
Bills payable Rediscounts
._
Total
Other
Reserve
cities
Country
banks
Total
15
2,588
47
2,588
62
15
2,635
2,650
Mar. 31,1937:
Bills payable
Rediscounts
500
2,560
15
9,095
97
12,155
112
Total
500
2,575
9,192
12, 267
150
15
7,818
547
7,968
562
165
8,365
8,530
June 30,1937:
Bills payable
Rediscounts Total
.
.
-
REPORT OF THE COMPTROLLER OF THE CURRENCY
79
LOANS AND DISCOUNTS OF NATIONAL BANKS
The following statement shows a classification of loans and discounts
reported by national banks as of June 29, 1935, and June 30, 1936 and
1937:
Classification of loans and discounts as of June 29,1985, June SO, 1936 and 19S7
[In thousands of dollars]
June 29, 1935
Amount
Acceptances of other banks, payable in United
$56,982
States
Notes, bills, acceptances, and other instruments evidencing loans payable in foreign
10,076
countries
180, 548
Commercial paper bought in open market „--Loans to banks and trust companies:
21,991
On securities
_. _
60,194
All other
Loans secured by U. S. Government and other
2,251, 274
securities (exclusive of loans to banks)
Real-estate loans, mortgages, deeds of trust,
and other liens on real estate:
On farm land- .
. _.
216,112
On other real estate
1,081,056
All other loans, including reporting banks'
own acceptances purchased or discounted. __ 3,486,993
Total
Total loans eligible for rediscount with Federal Reserve banks, including paper under
rediscount . __
._
Agricultural loans and loans on farm land,
whether secured or unsecured *
7,365,226
1,416, 482
Percent
June 30,1936
Amount
Percent
June 30,1937
Amount
Percent
0.77
$54,383
0.70
$78,064
0.88
.14
2.45
10, 547
211, 700
.14
2.73
8,890
271,822
.10
3.09
.30
.82
15,607
33,870
43,321
30,461
.49
.35
30.57
2,265, 757
.20
.44
29.20
2, 298, 715
26.10
2.93
14.68
210, 341
1,160,128
2.71
14.95
215,188
1, 292, 082
2.44
14.67
47.34
3, 796,816
48.93
4, 569, 239
51.88
100.00
7,759,149
100.00
8,807, 782
100.00
1,449,635
1,899,328
581, 632
613,803
* Not called for separately prior to 1936. For definition of agricultural loans see footnote 1 to following
table.
Loans and discounts of national banks, June SO, 1937
[In thousands of dollars]
Acceptances
of
other
banks
payable
in
United
States
Location
Notes,
bills,
acceptances,
and
other
instruments
evidencing
loans,
payable
in foreign
countries
Commercial
paper
bought
in open
market
Loans to banks
On securities
All
other
Real estate loans,
Loans on securities, exclu- mortgages, deeds
of trust and other
sive of loans to banks
liens on real estate
To bro- To brokers
kers
and
and
dealers dealers
in New elseYork
where
City
To
others
On
farm
land
Memoranda
Reporting
banks'
own
accept- All other
ances
loans
purOn other chased
real estate or discounted
2
Total
Loans eligible for
rediscount
with
Federal
Reserve
banks,
including
paper
under rediscount
Agricultural
loans and
loans on
farm
land,
whether
secured
or unsecured »
CENTRAL RESERVE CITIES
_
54,803
3,200
494
1,054
1,412
2,859
23,188
576
4,108 401,368
1,172
500
19,200
39,650
321,690
118,705
131
321
21,304
12,283
28,062
5,768
692, 749 1,568,509
379, 266
565, 354
281,908
132,961
131
2,258
Total central Reserve cities
58,003
1,548
4,271
23,764
5,280 401,868
58,850
440,395
452
33, 587
33,830 1,072, 015 2,133,863
414,869
2,389
10, 225
485
2
28, 781
100
4,482
524
22,061
868
1
10, 440
3,790
650
1,780
539
706
36, 957
1,599
63
13,815
2,270
789
5,806
1,103
1,465
3,926
2,540
3,186
1,844.
5,735
5,758
835
2,252
876
5,042
20, 741
1,188
72,637
2,676
551
50,535
38, 541
9,137
15, 222
7,710
2,170
11,048
6,123
4,260
4,020
9,342
21, 451
746
4,848
943
10, 739
225, 407
7,325
1,070
147,625
34, 929
15, 367
24, 088
12,12S
4, 254
34, 247
33, 886
12,149
13,946
31,538
59,401
6,790
21, 569
6,401
30, 651
87,880
2,966
667
74,653
15, 468
7,779
8,805
4,985
1,960
12,049
12,908
5,538
3,940
13,958
13,456
3,159
9, 732
2,225
10,501
New York
Chicago
_
ffl
Q
O
o
OTHER RESERVE CITIES
Boston
_
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington
Richmond
Charlotte
Atlanta.. _
Savannah
Jacksonville.
B irmingham
New Orleans
Dallas...
El Paso
Fort Worth
Galveston
Houston
1,253
120
23
315
155
49
.
91
197
44
107
5
1,461
11
20
200
335
265
85
821
397
233
780
107
8
15,351
32
41
8,636
2,907
863
420
480
261
2,002
847
1,212
486
1,098
1,788
4
123
699
404
7
200
207
1,429
106
111
202
54
38
31
4
44
78
158
228
22
88
672
1,620
203
285
63
169
4,975
1
30
4
437, 651
11, 734
1,684
239, 358
82, 439
28,063
47,480
21,451
8,743
52, 409
45,610
22, 716
20, 495
49, 685
90,199
8,778
29,505
8,552
47,907
1
262
4
45
113
208
745
37
97
705
1,755
1,922
2,098
107
440
w
o
a
San Antonio
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo.
__
Indianapolis
Chicago
Peoria
Detroit
Grand Rapids
Milwaukee
Minneapolis
St. Paul
Cedar Rapids
Des Moines
Dubuque.
Sioux City
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha
Kansas City, Kans
Topeka
Wichita
Helena
Denver
Pueblo
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
San Francisco
Ogden
Salt Lake City
Total other Reserve cities
Total all Reserve cities
410
8
18
13
10
202
20
2
29
212
928
36
3
165
922
2,758
416
55
3,099
1 065
100
260
5,119
880
375
25
2,378
100
2,303
3,124
1 639
503
425
1,954
805
1,601
3 595
275
40
1,662
5,626
4,047
2 025
820
1,385
525
800
1 382
169
1 593
112
50
1,615
4,155
1 950
2,405
1,150
3 722
150
210
15
24
2,458
90
119
260
1,470
40
74
462
718
65
68
20
544
40
568
773
832
1,569
2,093
3,418
132
600
179
300
3,980
1,435
2,953
3
9
32
87
20
15
79
24
1,040
19
11
259
49
52
3,338
9
68
99
2
34
565
40
23
65
619
79, 574
426
183
144
3,462
9
276
1,343
472
133
767
14
678
1,884
264
57
413
634
1
682
33
338
146
950
286
979
3,438
8,224
103
313
1 687
1,214
2 325
7,601
5,820
11, 762
18,383
25, 549
9,546
200
4,731
10,636
1,678
20, 680
1,154
8,931
16,374
4,708
2,348
5,334
307
532
13, 671
1,961
33,157
1,770
6,184
436
400
2,140
105
7,241
157
1,218
5,646
9,198
558
8,419
49,869
109, 530
611
2,102
3,300
25
444
254
105
60
501
179
6
29
33
78
54
42
576
35
187
369
442
30
49
776
153
253
182
1,580
729
509
5,053
3,035
1,432
3,496
19, 597
8,672
148
1,032
6,283
1,053
14, 533
1,050
3,321
2,273
1,475
451
2,299
164
547
2,848
520
7,796
193
1,320
648
149
419
406
3,780
186
190
235
135
597
15, 099
55, 672
106
74
1,590
1,885
4,765
487
5,625
136, 554
299, 426
2,399
1,825
52
2
176
931
37
172
102
114
418
7,312
12,150
3,187
3,206
25,307
29,344
25,883
15,034
36,889
17,531
359
21,400
12,833
5,547
52,478
1,218
33,144
61, 216
45,430
1,822
12,235
180
4,314
33,416
3,106
31, 666
7,053
22, 324
2,517
2,650
5,206
484
22, 500
368
23,127
25,290
61, 481
4,409
39,011
112, 602
288, 486
4,667
5,106
1?, 462
5,499
6,997
47,097
40,995
41,387
39,317
90,828
35,994
807
30, 746
33,262
10, 537
95, 665
3,856
50,848
82,092
55,356
8,391
21,605
726
7,271
58,229
10,192
80, 972
9,913
32,321
4,378
4,311
9,776
758
36,154
638
26,897
35, 223
81,054
7,825
57, 589
320,172
782, 294
8,036
9,655
6,791
1,776
1,243
13,678
9,941
5,742
6,104
22,466
5,593
130
8,757
7,819
3,228
21, 509
909
12,637
24,193
14,113
1,565
3,851
259
3,336
22, 578
5,347
20, 206
3,682
12, 547
853
1,885
5,428
400
12, 245
300
3,440
7,300
27,820
2,909
18,156
34,360
85, 297
2,394
2,255
447
241
1,273
966
4,784
30,158
91,977
1,005
1,190
774
486
281
86
822
285
6
125
141
67
2
203
177
54
68
969
35
636
8,930
712
40
487
5,318
521
386
842
272
3,679
17, 278
5,451 110,346
16, 919
13,800
688, 572
81,432
646,822
34,837 1,838, 947 3, 557,584
737,671
166, 984
75,281
6,999 114, 617
40,683
19,080 425, 474 138,424 1,128, 967
81,884
680, 409
68, 667 2, 910, 962 5, 691,447
1,152, 540
169, 373
23, 606
1
By "Agricultural loans" is meant loans made for agricultural purposes, including the production of agricultural products, the marketing or the carrying of agricultural products
by the growers thereof and the breeding, raising, fattening, or marketing of livestock.
00
COUNTRY BANKS
to
146
9
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
31
606
1 398
Total New England States
2,190
• 61
91
64
1
1
Loans to banks
Commercial
paper
bought
in open
market On securities
4,352
3 498
210
22,496
10, 206
9,197
49,959
17 10,646
_. 13, 305
10,356
«, _
_
216
19
34, 418
92~
1,051
1,269
100
339
326
3,678
864
286
479
1,078
__ _
__ _.
>...,
196
22
61
109
1,540
1
45
61
Real estate loans,
Loans on securities, exclu- mortgages, deeds
of trust and other
sive of loans to banks
liens on real estate
All
other
75
10
44
568
631
6
1
20
81
_
1,014
90
33
10
129
125
57
17
56
To
others
On
farm
land
888
1,097
343
8,078
7,578
3,499
37,839
14,189
36,363
501
561
1,297
659
185
527
own
accept* All other
ances
loans
purOn other chased
real estate or discounted
6,675
4,711
6,162
30,576
4,314
19,852
Total
39,263
30,106
23,646
149, 679
46,837
116,155
8,250
6,007
4,520
31,162
16,898
14,209
680
165,517
405, 686
81,046
9,135
27
293,191
240,257
475,431
7,683
33, 713
56, 745
43,058
62,449
1,095
6,274
23,099
7,863
31,259
1,379
4,876
169,621
68,476
27, 977
12,043
10,327
11,375
9,218
8,754
13,591
4,508
7,050
62,333
14,848
2,942
3,638
3,098
5,444
1,757
9,867
3,544
2,843
54,430
680
75
90
3,527
107, 546
3,730
72,290
2,943
3,705
21
428
651
538
50
69, 527
53,076
118,061
2,022
5,763
7,213
2,673
16, 289
966
3,279
72,180
74,938
130, 539
1,281
9,305
26
129, 730
91, 691
193,040
3,414
15,047
1, 667
248,449
30, 420
288,243
53
432,922 1,050,275
156
20
431
333
103
1,504
98
157
23, 788
13,168
5,578
2,761
4,338
5,877
4,574
3,115
3,378
11,200
6,811
1,447
1,209
574
1,327
883
1,921
2,332
1,376
7,837
22,542
16, 702
2,959
2,251
2,501
4,233
5.629
3,559
3,507
9,646
6,183
478
58
100
113
103
692
130
112
416
442
6,669
3
135
590
Loans eli- Agriculgible for
tural
rediscount loans
and
with
loans
on
Federal
farm
Reserve
land,
banks,
including whether
secured
paper
unseunder re- orcured
discount
18,858
13,074
12,478
57,099
15, 553
48,455
444
127
5,480
132
1,016
Memoranda
Report-
n
Jbanks'
?,
To bro- To brokers
kers
and
and
dealers dealers
in New elseYork where
City
111
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi J
Louisiana.
Texas
,.,_,.,_,
00
[In thousands of dollars]
Notes,
bills,
acceptances,
Acceptand
ances
other
of
other instrubanks ments
evipayable dencing
loans,
in
United payable
States
in foreign
countries
Location
New York
New Jersey
Pennsylvania
Delaware
Maryland _
Loans and discounts of national banks, June 80, 1987—Continued
14
640
98
63,244
29, 524
20, 395
20,277
20, 669
13, 707
33.870
9,618
18,044
118,059
118,162
62,224
30, 796
26,777
29,492
30,818
49, 519
19,219
27,245
149.118
1,289
1,065
3,322
1,834
290
1,335
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
Alaska (nonmember banks)
The Territory of Hawaii (nonmember bank)
Virgin Islands of the United States
(nonmember bank)
Total (nonmember banks)
Total country banks
Total United States
2
269
1,850
• 3
12
7
3
80
92
13
153
3,501
2,710
5
30
15
76
265
229
96
64
321
425
2,682
7,447
6,857
1,823
4,496
2,151
2, 637
7,319
5,696
15,834
47>
3,214
234
4,202
94, 763
34,187
89,181
48
777
65
114
78
198
108
36
204
97
115
520
118
604
128
128
98
68
23
29,475
9,736
19, 908
12,955
12,479
8,496
2,216
3,118
11, 602
4,397
8,099
1,328
2,563
4,424
4,926
2,247
32,631
22, 948
14,804
13, 686
10,288
7,206
3,695
4,506
1,424
416
1,687
98,383
39, 586
109,764
10
1,172
1,208
792
2,929
883
1,456
2,751
698
2,999
918
721
2,865
3,242
351
478
1,390
432
2,357
1,513
1,561
1,034
2,701
1,023
1.044
2,295
1, 505
2,704
16
14,888
12, 754
15, 380
7
15
93
25
3,002
379
8,991
746
166
815
1,650
1,942
630
7,925
528
690
229
512
4,309
818
21,634
1,340
436
2,031
2,127
140
15, 749
12,456
32, 695
2,076
4,876
12,054
3,512
4,960
5,683
3,140
2,164
38,465
1,477
1,920
1,511
3,078
1,401
193
1,035
516
1,448
16
12,579
16
7
7
7
987
36
1
1
1,049
5
10
32
65
122
8
8
60
1
2
2
2
1
15
2,576
186
1,136
805
35
16
737
296
1
41
145
1
187
5,491
_
169
21,197
51,850
60,184
6,180
10,461
11,874
6,533
10,321
6,489
754
421, 636
666, 601
195,691
124,754
6
4
6
69, 785
35, 795
60,427
22, 525
25,205
39,173
21,116
16,234
146,367
78,658
116, 973
54,287
55, 701
65,279
35, 367
28, 523
27,618
17,400
34,365
8,316
14,822
24,377
14,383
8,984
22,239
10,566
25,565
3,149
5,922
16,050
15,177
7,601
16
290,260
581,155
150,265
106,269
1
27
9,524
13,019
24,994
32,208
9,002
12,157
16,970
9,817
39,890
14,620
18,461
31,267
44, 290
12, 670
15,338
24, 503
12, 969
49,436
6,107
8,820
16,482
19, 976
5,585
8,659
11,318
5 461
23,318
4,198
5,820
19,206
19,959
4,305
8,372
9,848
4,030
19,333
28
167,581
223,654
105,726
95,071
21,928
7,250
51,188
8,481
2,167
3,112
11,788
33,805
9,278
91,150
11,900
3,495
6,203
16,839
8,837
2,967
19,167
6,246
920
1,000
6,302
105,914
172,670
44,439
1,345
2,070
8
3
2,559
13,772
357
311
552
78
3
4,215
16,394
443
31
31
537
19
-
6,199
3,049
19,416
4,785
1,891
950
3,992
40,282
290
2
4
7,397
3
78
159
459
2
4
7,419
171
4,120
587,197 133, 304
611,673
1, 565 1, 588,045 3,116,335
746,788
444,430
30,461 432,884 149,667 1, 716,164 215,188 1,292,082
70,232 4,499,007 8,807, 782
1,899,328
613,803
1
1
13,659
28,469
32,101
2,783
1,891 ] 57,205
2,638
78, 064
8,890 271,822
43, 321
11, 381
7,410
11,243
93
3,424
oo
CO
84
REPORT OF THE COMPTROLLER OF THE CURRENCY
The percentage of loans and discounts of national banks inTthe
central Reserve cities of New York and Chicago to the total loans and
discounts of all national banks on June 30, 1937, together with similar information in relation to banks in other Reserve cities, etc., is
shown in the following statement, compared with like information as
of June 29,1935 and June 30,1936:
[In thousands of dollars]
Loans
Banks i n -
June 29,1935
Amount
New York.
Do.
Chicago
Other Reserve eities
All Reserve cities
States (exclusive of Reserve cities)...
Total United States. _
Percent
June 30,1936
Amount
June 30,1937
Percent
Amount
Percent
1,208,186
16.40
1,279,797
16.49
1,568, 509
17.81
} 1, 623,393
2,850,645
22.04
38.71
1, 739,295
3,102,104
22.42
39.98
2,133,863
3, 557,584
24.23
40.39
4,474,038
2,891,188
60. 75
39.25
4,841,399
2,917, 750
62.40
37.60
5,691,447
3,116, 335
64.62
35.38
7,365, 226
100.00
7, 759,149
100.00
8,807,782 |
100.00
i
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, 1933
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]
Percent
increase
Percent
increase
Percent
increase
Percent
increase
June 30, June 30, (+) June 29, (+) June 30, (+) June 30, (+)
or de1937
or deor deor de1936
1933
1934
1935
(5,299 crease
(5,374 crease
(4,902
(5,422 crease
(5,431 crease
(-)
banks)
(-)
banks)
banks) 1 banks) 1 ( - )
banks)
(-)
since
since
since
since
June
June
June
June
Demand deposits 2.
Time deposits 3._
Loans and discounts
U. S. Government and
other bonds, stocks,
etc., owned
Reserve with Federal
Reserve banks
1
2
8
30,
30,
29,
30,
1933
1934
1935
1936
7,884,226 9,265,844 +17.52 11,273,912 +21. 67 13,452,356 +19.32 14,403, 761 +7.07
6,169,643 6, 791,156 +10.07 7,136,142 +5.08 7, 533, 922 +5. 57 7, 788, 272 +3.38
8,116,972 7,694, 749 - 5 . 2 0 7, 365,226 - 4 . 2 8 7, 759,149 +5.35 8,807, 782 +13.51
7,371,631 9,348, 533 +26.82 10, 716, 386 +14. 63 12,482,625 +16. 48 12,122, 287 - 2 . 8 9
1,412,127 2,497, 400 +76.85 3,092,178 +23.82 3, 520,901 +13.86 4,152,889 +17. 95
Licensed banks, i. e., those operating on an unrestricted basis.
Exclusive of U. S. Government deposits, deposits of banks, and certified and cashiers' checks, etc.
Exclusive of deposits of banks.
UNITED STATES GOVERNMENT SECURITIES AND SECURITIES GUARANTEED BY UNITED STATES AS TO INTEREST AND
PRINCIPAL, REPORTED BY 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 principal, reported by national banks according to Reserve cities and States,
June 30, 1937:
U. S. Government securities and securities guaranteed by United States as to interest and principal, reported by national banks, June 30, 1987
[In thousands of dollars]
fcrj
O
H
O
U. S. Government obligations, direct and fully guaranteed
H
H
Obligations guaranteed by the U. S.
Government as to interest and principal
Direct obligations of the U. S. Government
a
o
Location
Treasury
bonds
maturing
on or
before
Dec. 31,
1949
Treasury
bonds
maturing
after
Dec. 31,
1949
Other
United
States
bonds
Treasury
notes
Treasury
bills
Total
ReconFederal
Home
Owners'
struction
Farm
Finance Mortgage Loan
Corpora- Corpora- Corporation
tion
tion
Total
O
F
Total
CENTRAL RESERVE CITIES
New York
Chicago
Total central Reserve cities
__.
56, 722
75, 750
4, 500
6,327
205, 399
4,904
266, 621
86,981
1,333,055
832,731
1,812,184
132, 472
10, 827
210, 303
353,602
2,165, 786
267. 333
6 955
768
191, 084
314, 563
107,211
62, 289
28,778
2,913
22 795
4,871
28,014
13, 541
2,000
3,656
209
3,426
377
112
38, 345
738
601
9,824
2,296
1,226
3,174
588
7,384
1,316
9,082
586
112
42, 675
1,751
701
11,405
2,305
2,398
3,174
588
9,644
1,319
276,415
7,541
880
233,759
316,314
107, 912
73,694
31, 083
5,311
25,969
5,459
37, 658
14,860
171, 220
84,291
153, 367
399,504
73
505,926
238,082
235,921 * 1,066,434
23, 800
745, 750
255, 511
552,871
73
744,008
259,721
44,072
565
398
76,729
54,610
3,361
16, 549
12,024
573
6, 938
207
9,776
8.615
52, 614
5 046
365
80,196
47,892
1,358
24, 721
819
1, 506
2,095
361
6,851
15
65,695
60
60
3,975
15
104, 937
1 344
5
31,159
212, 061
102, 432
20, 781
14,438
811
13, 739
4,288
11,387
936
O
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
_
Baltimore
Washington
_
Richmond
Charlotte
\tl?nta
Pavpnnah
Jacksonville
Birmingham
_
__
_.
_
,.
-
W
„
23
23
15
3,000
178
1,497
4,330
1,013
100
1,581
9
1,172
2,260
9
V. S. Government securities and securities guaranteed by United States as to interest and principal, reported by national hanks, June 30, 1987— 00
O
Continued
[In thousands of dollars]
U. S. Government obligations, direct and fully guaranteed
Obligations guaranteed by the XJ. S.
Government as to interest and principal
Direct obligations of the U. S. Government
Location
Treasury
bonds
maturing
on or
before
Dec. 31,
1949
Treasury
bonds
maturing
after
Dec. 31.
1949
Other
United
States
bonds
Treasury
notes
Treasury
bills
Total
ReconFederal
Home
struction
Farm
Owners'
Finance Mortgage Loan
Corpora- Corpora- Corporation
tion
tion
Total
Total
OTHER RESERVE CITIES—continued
New Orleans...
Dallas...
El Paso
Fort Worth
Galveston
Houston
San Antonio
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo
Indianapolis.. _
Chicago
Peoria
Detroit
Grand Rapids.
Milwaukee
Minneapolis...
St. Paul
Cedar Rapids..
Des Moines
19,449
56
674
524
356
4,876
663
1,061
428
2,080
4,978
494
8,055
14, 545
3,514
131
6,036
7,709
1,696
106
1,029
23,883
7,238
1,734
21, 579
23,767
1,002
4,960
3,291
27,149
1,649
448
576
8,815
1,085
1,294
10,697
15,451
2,349
809
49,881
9,166
472
47, 786
3,657
55,920
23,109
17, 530
110
2,002
336
2
219
334
15
15
15
17
60
14
103
19, 394
13, 784
9, 231
7,874
2,441
36,180
24, 011
2,679
534
4,775
20,831
3,664
10, 496
49,960
31,611
412
8,175
8,030
14,462
152, 805
942
37,747
41,007
25, 203
2,806
8,645
6,725
'"§," 661
150
746
2,196
"""947'
"I," 296"
599
614
17, 416
3,300
3.000
995
60,444
44, 355
10,907
17,027
6,103
68, 357
27,107
4,188
1,561
15, 700
29,125
5,452
30, 531
79, 956
38, 770
1,352
64,094
25, 723
17,578
218,022
4,720
98,011
91,016
50,031
2,930
13,479
400
"13"
120
94
275
871
511
671
1
172
139
101
2,476
34
333
1,539
3,906
617
647
1,552
228
44
1,370
354
777
3,310
1,037
1,252
299
1,020
9,684
6,675
832
2,436
821
9,141
2,040
1,398
1,556
1,206
4,661
832
2,748
9,722
9,208
149
1,371
4,578
4,204
35, 446
1,922
1,200
2,903
1,059
934
1,274
10,195
7,346
833
2,608
960
9,242
4,916
1,432
1,889
2,758
8,567
1,449
3,395
11,274
9,436
149
1,415
6,068
4,652
35, 721
2,699
4,510
4,811
2,311
1,233
2,294
70,639
51, 701
11,740
19, 635
7,063
77,599
32, 023
5,620
3,450
18,458
37,692
6,901
33,926
91,230
48,206
1,501
65,509
31,791
22,230
253, 743
7,419
102, 521
95,827
52,342
4,163
15,773
Bubuqtte
Sioux City
Kansas City, Mo
St. Joseph
to St. Louis
3 Lincoln
to
Omaha
t l
T Kansas City, Kans
I Topeka
" Wichita
Helena
Denver
Pueblo
Oklahoma City.
Tulsa
Seattle
Spokane
Portland
Los Angeles
San Francisco
Ogden
Salt Lake City
*
2,420
505
5,640
199
32,668
524
4,495
758
1,027
1
518
22, 047
2,696
4,068
3,438
24, 376
1,491
30, 542
47, 783
179, 205
439
2,444
1, 517
1,629
4, 296
1, 495
12, 442
10. 316
3,456
150
665
1,559
1,054
13, 381
2,238
7,148
4, 262
15, 920
725
20, 223
127,343
169, 796
1,594
4,946
15
186
318
115
3, 048
116
744
21
47
35
23
15
38
94
15
3
1
7
15
486
2,990
39,923
1. 495
35, 259
3,245
17, 298
3, 379
6,010
14, 040
1,743
11,793
2,133
437
10, 708
17,196
3,348
14,103
30,438
79,067
82J
4,464
150
6,592
200
6,209
100
500
2,500
500
472
2, 900
600
1,000
6,476
1,995
796
1,094
4,438
5,460
56,769
3,504
89. 626
14, 301
26,493
4,308
7, 749
15, 635
3, 338
49, 736
7,567
11,691
18, 974
60, 407
6,167
65,868
212, 040
430, 064
3, 657
12, 963
501
4,500
251
200
50
2,500
40
250
405
633
1,569
1, 276
942
1 244
1, 861
345
590
2,744
266
2,400
467
1, 636
1,581
3,589
841
8,004
11,466
49, 365
667
697
650
1,490
4,025
1,099
11,183
2
1,333
732
508
2,286
170
2,864
15
10,168
2,485
4,033
593
7,478
46, 382
48,347
1,034
915
1, 055
2,123
6,095
2,375
16,625
1,246
3,445
1,077
1,098
5,030
636
5,314
482
11,804
6, 566
7,662
1,434
15,732
57, 848
97, 712
1, 701
1, 612
5,493
7, 583
62, 864
5,879
106,251
15, 547
29,938
5,385
8,847
20, 665
3,974
55,050
8,049
23 495
25,540
68,069
7,601
81,600
269,888
527,776
5. 358
14, 575
Total other Reserve cities
713,016
968, 508
6,393
1, 356, 393
144,099
3,188, 409
12,065
129,311
335,199
476, 575 3, 664,984
Total all Reserve cities...
968, 527
1, 521, 379
6. 466
2,100, 401
403, 820
5, 000, 593
144, 537
140,138
545, 502
830,177
5, 830, 770
674
1,729
742
786
1,827
1, 534
1,200
9,018
1,353
1, 263
6,655
3.527
10, 097
10,747
2,095
2,049
8,782
5,061
11,407
40,088
13, 875
11,853
94,985
27, 282
71, 250
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut.
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
Total Eastern States
__
7,164
2,675
3,478
27,484
1,486
7,657
12,995
6,306
4,479
32, 939
4,751
23, 709
125
127
126
519
7
108
8,383
2, 672
1.671
24,266
14, 336
19,719
50
995
1,641
8,650
29,341
11,780
9,804
86, 203
22, 221
59,843
300
49, 944
85,179
1,012
71, 047
12,010
219,192
410
7,818
31,913
40,141
259,333
53,602
24,170
79, 961
720
2,650
86, 585
104, 717
127,282
1,204
14,123
1,174
2,008
2,934
20
396
58,800
44, 027
49, 383
299
5,077
1,216
1,635
484
201,377
176,557
260,044
2,243
22, 246
708
950
450
10
100
9, 830
5, 625
14,903
106
1, 365
30, 738
35, 811
39,339
408
2,784
41, 276
42, 386
54.692
524
4,249
242,653
218.943
314, 736
2,767
26,495
161,103
333,911
6,532
157, 586
3,335
662, 467
2,218
31,829
109, 080
143,127
805, 594
110
OO
U. S. Government securities and securities guaranteed by United States as to interest and principal, reported by national banks, June 80, 1937-
Continued
[In thousands of dollars]
U. S. Government oblig ations,
direct and fully guaranteed
Obligations guaranteed b y the U. S.
Government as to interest and principal
Direct obligations of the U. S. Government
Location
Treasury
bonds
maturing
on or
before
Dec. 31,
1949
Treasury
bonds
maturing
after
Dec. 31,
1949
Other
United
States
bonds
Treasury
notes
Treasury
bills
Total
Home
Federal
ReconOwners'
Farm
struction
Loan
Finance Mortgage
Corpora- Corpora- Corporation
tion
tion
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
_ _
4,441
2,503
1,297
1,706
688
5,955
3,066
247
1,122
6,433
643
2,137
968
9,779
6,172
2,883
4,267
1,113
17,465
6,299
1,561
2,678
6,196
2,590
3,836
4,942
14,720
8,675
4,180
5,973
1,801
23, 620
9,365
1,808
3,800
12,959
3,233
5,973
5,910
61,263
32, 296
13, 334
22,411
8,425
67,303
27,580
10, 375
21,605
78,100
16,852
29,190
33,129
1,030
31,206
69, 781
102, 017
421,863
350
575
478
550
358
135
150
218
8,358
7,908
15,106
3,908
4,510
4,521
2,574
2.163
18,158
12, 281
20,959
13, 297
12, 578
6,383
2,957
2,765
26,866
20, 764
36, 543
17, 755
17,446
11,039
5,681
5,146
119, 667
84,318
147,997
65,857
78,077
69,410
25,738
20,057
2,814
49,048
89,378
141,240
611,121
46,543
23,621
9,154
16,438
6,624
43, 683
18, 215
8,567
17,805
65,141
13,619
23, 217
27, 219
500
4,212
319,846
1 338
2,197
4,074
237
2,200
2,465
189
565
92, 801
63, 554
111,454
48,102
60, 631
58,371
20, 057
14,911
13, 265
469,881
6,688
5,404
1,671
1,009
1,995
13,238
2,917
444
1,078
11,920
2,059
4,223
1,402
28,207
10, 233
4,517
10,041
2,333
8,318
6,295
4,204
7,399
24,989
5,718
11, 245
21,905
555
362
31
951
188
433
311
156
106
1 172
742
360
286
9,843
7,322
2,935
4,387
2,108
21,045
8,692
3,763
8,723
25,811
4,885
7,389
3,626
1,250
300
54,048
145,404
5,653
110,529
27 833
12,088
19,829
10, 884
10,515
10,857
3,337
3,331
43,051
25, 239
39, 080
15, 626
31, 798
18,834
7,788
4,578
860
725
2,072
375
602
1,720
1, 513
1,217
19 719
23, 305
46, 399
20,980
15,516
24,495
7,230
5,220
98,674
185,994
9,084
162,864
50
649
499
1,249
215
200
330
00
00
North Dakota..
South Dakota
Nebraska
Kansas
Montana
_
_
Wvoming
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)
Virgin Islands of the United States (nonmember bank).
Total (nonmember banks)
Total country banks.
Total United States
_
2,492
1,549
3,352
4,443
4, 825
3,005
4,599
2,318
5,822
3,114
1,881
4,143
5,398
5,309
2 304
7,204
1,764
8,104
627
397
1,165
2,052
804
76
441
132
1,435
5, 604
6,622
5,906
7, 475
9,421
3 382
3, 033
2,645
3,273
10
59
15
1,579
249
597
225
3,192
60
11,847
10, 508
14, 581
20,947
20,608
9, 364
15, 502
10,051
18, 694
235
25
100
295
350
32, 405
39, 221
7,129
47, 361
5,986
6,439
2,544
11. 232
3,103
343
1,866
2,342
7,461
1,549
13,161
6,469
195
3,027
6,089
316
183
662
90
87
8
8
5,000
916
7,056
3,630
22
1,202
1,707
27, 869
37,951
1, 267
19, 533
499
950
611
7, 230
126
199
796"
1,082
122
1,200
165
2,262
1,252
4,243
3,694
1,271
523
1, 575
738
2, 537
1,675
1,486
2,697
3,458
1,385
578
2, 056
1,485
3,741
4,172
2,763
7,040
7,447
3,006
1,101
3,691
2,223
6,443
16,019
13,271
21, 621
28, 394
23,614
10,465
19,193
12, 274
25,137
132,102
1,230
18, 095
18, 561
37,886
169,988
19,303
5,192
32,310
13,292
560
6,103
10, 942
550
375
1,510
891
3,316
795
242
1,127
714
1,870
651
2,082
1,444
181
1, 527
2,752
3,380
1. 542
5,948
2,614
423
2,679
3,466
22, 683
6,734
38,258
15,903
983
8, 782
14,408
87, 702
950
8, 595
10, 507
20,052
107,754
1,319
51
1
612
51
1
1,931
102
1,233
11,311
228
60
25
1,232
9,380
126
1, 322
1,449
7,967
1,370
664
2,034
12,772
425, 492
835,627
30, 677
570, 242
?9, 890
1,901,928
8, 652
147,961
329,884
486,497
2,388, 425
1,394,019
2, 357,006
37,143
2, 670, 643
443, 710
6, 902, 521
153,189
288, 099
875, 386
1, 316, 674
8,219,195
10, 738
2
w
o
Q
!
OO
O
90
REPORT OF THE COMPTROLLER OF THE CURRENCY
INVESTMENTS OF NATIONAL BANKS
The following tables disclose a summary of the investments of
national banks in United States Government and other bonds and
securities as of June 29, 1935, and June 30, 1936 and 1937, and a detailed classification, by Reserve cities and States, of bonds and securities other than United States Government held on June 30, 1937,
[In thousands of dollars]
J u n e 29,
1935
Number of banks
Obligations of—
Home Owners' Loan Corporation guaranteed by U. S. Government as to interest only
Federal land banks
_
Federal intermediate credit banks
_._
_
Joint stock land banks
2
States, counties, and municipalities
Territorial and insular possessions of the United States
Bonds, notes, and debentures (not including stock) of other domestic
corporations:
Railroads
_
_.
Public utilities
_
Real estate corporations
_
Other domestic corporations
Stock of Federal Reserve bank
_
_
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
U. S. Government securities, direct obligations
Securities guaranteed by U. S. Government as to interest and principal
Total bonds and securities of all classes
5,431
J u n e 30,
1936
5,374
0)
J u n e 30,
1937
5,299
0)
4,423
119,330
83,487
16, 839
1,386, 230
13,118
162,258
81,284
14,438
1, 527, 644
10,977
125,494
73, 545
14,124
1,451,629
13, 589
593,211
536,496
36,628
366,671
90, 095
665, 059
653,650
36, 728
461, 751
79,377
673,942
638, 563
30,172
466, 023
79,680
35,150
25,925
80,656
34,879
25,405
108, 605
32, 307
26,765
113,294
65,167
90,395
92,365
39,012
50,941
42,662
40,149
39,533
32, 067
3,543,379
6, 077, 724
4, 035,261
7,072, 979
3, 903,092
6, 902, 521
1,095,283
1,374,385
1,316,674
10,716,386
12,482,625
12,122,287
1 Called for redemption July 1,1935.
2 Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more
States.
XJ. S. Government, domestic^ and foreign bonds, securities, etc., held by national banks June SO, 1937
EH
rities
eous b
securit
s
O
o
d
otal all bond
I
CQ
03
d
otal miscell
O
o
ther foreign s urities
o
1
d'
bligations of
cial, State,
governments
ft
8
anks and ban
S_l
CQ
11
|-2
oreign
nd mi
o
ions
1
PA
.2
eal-estate cor
orporat ions
5
o
o
1
03
M
bligations of toreign central
govei nents
GO
CD
Foreign securities
a
M
d
"c3
1
d
Stock of other
domestic
corporations
ock of Feder
o
I
eal-estate cor
"d
ublic utilities
cr*-2
d
.2
ailroads
F9
erritorial an< insular* possessions of the nited S tates
c$
5 1
and mu nicipal-
© &
int-stock Ian banks
credit
.2
•S
inte
a
Bonds, notes, and debentures (not including
stock) of other domestic
corporations
Obligations of—
ederal
Location
Miscellaneous bonds, stocks, securities, etc.
ederal land b
. S. Govern ent ob' igations direct and fully
guar anteed
[In thousands of dollars]
EH
CENTRAL RESERVE CITIES
IVTPW Y o r k
_ «.
Chicago
__
Total central Reserve cities___
1,333,055 3,107 18,123
832, 731 15, 450 7,562
82
182.166 1,000 128, 488 69, 535 1,288
10-5 8,734 11,700
80, 240
2,165,786
18, 557 25, 685
82
262, 406 1,105 137, 222 81, 235 4, 001 76,. 160 19702.r
276, 415
7 541
880
233, 759
316,314
107 912
73, 694
31 083
5 311
25, 969
5,459
250 3,236
50
79
30
2, 604
539
103
110
1,164
352
427 17, 303 63, 974 33,147 4, 669 5,114
58, 677 14, 03f492 9, 480
822 1,042
17,483 4, 989 1, 073
1, 500 17, 795 73,454 33, 969 5, 711 5,114
601,054 1,934,109
994, 698
161, 967
763.021 2, 928. 807
OTITEB RESERVE CITIES
Buffalo
Philadelphia
Pittsburgh
Washington
Richmond
Charlotte
Atlanta
Savannah
„
_.„—_
-
—
251
70
126 2,268
179
81
120
5
27,865
2,875
220
27,048
10.816
2 886
1, 545
3, 017
1,304
6,923
1, 546
506
247
21
200
2
6, 623 6,326
1,670
1, 940
409
393
28, 210 28, 571
13. 264 9, 888
891
162
2,928 2, 902
1, 401
857
145
867
822
3,467
758
448
15
3, 979 3, 429
1,074
o1
337
570 16,091 2, 275
1,
695
11,509
aio
292
3Q3
440
23 1, 734
1,346
217
60
152
310
8
958
234
7
i Including school, irrigation, drainage, and reclamation districts, and instrumentalities of X or more States.
107 1,886
100 I, 598
650
827
3
83
4
o
3
78
1
5,629 1, 573 1,880 4,396
60
214
17
198
14
2, 035 3,022 3,470 3,925
1,584
569
185
572
11
72
29
23
34
237
718
126
89
104
17
78
147
181
4
99
68. 489
8.326
l', 424
119, 945
51, 683
4 862
12. 290
7,877
1,551
9,894
9, 553
344, 904
15,867
2,304
353, 704
367,997
112, 774
85,984
38, 960
6, 862
35, 863
15,012
U. 8. Government, domestic, and foreign bonds, securitiest etc.) held by national banks June 80t 1937—Continued
to
[In thousands of dollars]
Miscellaneous bonds, stocks, securities, etc.
Bonds, notes, and debentures (not including
stock) of other domestic
corporations
Obligations of-
Stock of other
domestic
corporations
Foreign securities
Location
11
33
3
~C3
„ CD
OTHER RESERVE CITIES—continued
Jacksonville
Birmingham
New Orleans
Dallas.___
El Paso
Fort Worth
Galveston
Houston
San Antonio
Waco
Little Rock
Louisville
Memphis
Nashville
Cincinnati
Cleveland
Columbus
Toledo
Indianapolis
Chicago
.
___.
„
„
37, 658
14,860
70, 039
51, 701
11, 740
19, 635
7,063
77, 599
32,023
5,620
3, 450
18, 458
37, 692
6,901
33, 926
91, 230
48, 206
1,501
65, 509
31,791
584
502
805
261
~~25
306
"271
116
51
711
1,941
301
1, 976
33
226
75
513
47
4,289
5,971
10,903
5,202
848
5, 205
2,031
4,036
4,750
1,286
2,964
1, 713
11, 585
7, 516
5, 797
6,326
10,470
483
14,1
9,743
10
39
109
1,656
144
1,055
472
12
609
318
289
162
8
386
1,458
278
211
1,348
6,950
1,494
20
705
2,650
242
332
94
774
2,025
573
1, 050
1,038
649
50
574
399
1,063 3,216
166
26 '""Is
276
2,260 '"""IB
26
237
452
18
1,288
273
5, 215
82
1,222 397
172
1,845
2,821
10
432
404
1,943
276
127
53
2,747
333
1, 280
1,563
7, 684
1,941
83
1,250
3,030
185
1
84
674 'l,"020
211
55
43
257
300
289
410
737 2,450
414
30
15
364
22
193
141
752
262
311
807
893
46
238
171
605
20!
5
490
102
19
184
57
is:
2
356
5
2
81
43
52
1, 111
346
352
363
42
168
49
146
66
261
38
228
505
176 1,566
147
160
381
79
27
4
9
326
78
10,927
7,628
15, 616
11,906
958
9,172
3,758
15, 895
5,750
1,966
3,813
10,044
15, 439
11, 565
12, 596
34,221
29,426
848
20, 779
19,321
48, 585
22,488
86, 255
63, 607
12, 698
28,807
10,821
93,494
37, 773
7,586
7, 263
28, 502
53,131
18, 466
46, 522
125,451
77, 632
2,349
86,288
51,112
Peoria
Detroit
Grand Rapids
M^ilwpukee
Minneapolis
St Paul
Cedar Rapids
Des IVloines
Dubuque
Sioux City
Kansas City Mo
St Toseuh
St Louis
Lincoln
Omaha
Kansas Citv, Kans
Topeka
Wichita
Helena
Denver
Pueblo
Oklahoma City
Tulsa
Seattle
Spokane
Portland
Los Angeles
San Francisco
.
_
, -_.
Salt Lake Citv
22,230
253, 743
7,419
102 521
95, 827
52, 342
4,163
15 773
5,493
7,583
62, 864
5 879
106, 251
15,547
29 938
5, 385
8, 847
20 665
3,974
55, 050
8,049
23, 495
25, 540
68,069
7,601
81, 600
269,8S8
527, 776
5 358
14 575
512
20
10, 245
40
16
507
967
680
345
328
246
524
357
119
100
282 1,352
2, 760
206
312
31
15
35
10f>
111 2 930
60
266 1,952
10
1,337
173
564
63
506
471
353
29
159
25
839
3, 289
2, 246
570
460
119
3,219
7,633
1,092
1 427
9,960
3,105
7,725
5 423
368
639
7, 191
1 032
7,692
877
11,148
983
2,775
856
576
6,299
91
17,841
6,135
13, 224
3,062
13. 712
49,058
117,441
723
2, 538
50
25
68
96
129
160
85
27
8
50
792
5
1,255
592
14
409
161
1,958
855
1,491
1,010
74
10
60
50
2 827 4 271
619
636 7 355
146
712
2,600 1 362
92 1 915
1,199
1,135
431 1,000
30 1,106
30
39
41
33
45
9
145
572
396
449
62
25
212
18
152
109
139
63
50
1,184
348
336
696
8
300
1
300
251
60
227
5
2,794
1,949
580
703 2,152
374
902
3
100
70
5
673
648
246
1,753
139
284
36
115
30
10
50
5
81
133
116
57
135
155
22
140
2,652 2, 351
318
15 1,259
27
255
45
93
162
298
197
360
273
353
304
487
1,953
471
5, 319 4,389
501
17 2, 029
209
97
55
151
5, 617 3,949
359
20 2,893
3, 336 5,405 3,711
4,026 1,848
727
9,480 10, 375 2,656 iO, 674 3,900 14, 251
321
39
213
225
550
413
164
102
21
306
70
18
7
199
103
250
47
316
619
187
20
10
81
277
109
7
1 698
35
2
1,058
16
2, 134
31
5
4
19
361
36
169
2
48
2
27
16
5
•
35
28
60
355
38
35
53
12
55
52
4
1
15
20
231
801
4,405
5
209
19
63
143
520
44
625
4,181
5,298
1
1,362
52
2
80
2
2
1
50
6
26
23
24
65
287
571
138
9
10
172
7
1
166
50
279
711
649
1
5
6,465
23,641
1,301
18 234
18, 072
9, 414
7, 923
9 171
1 013
1,789
12, 870
2 308
19 932
2,359
17 707
1, 672
2,902
4 299
1 103
15, 732
797
20, 995
10, 388
27,135
4,108
28,580
74, 445
185, 944
2 644
5, 429
28, 695
277,384
8,720
120 755
113,899
61,756
12,086
24 944
6 506
9, 372
75, 734
8 187
126 183
17, 906
47 645
7 057
11,749
24 964
5 077
70,782
8 846
44,490
35,928
95, 204
11 709
110,180
344.333
713,720
8 002
20,004
Total other Reserve cities
3, 664, 984 .35,711 38, 916 3,757
505, 904 3, 335 125, 425 115, 683 15,345 105, 514 27, 477 22, 268 5, 836 25, 709 22, 204 10, 737 12, 073 1, 075, 894 4, 740, 878
Total all Reserve cities
5, 830, 770 54, 268 64, 601 3,839
763,310 4, 440 262, 647 196,918 19,346 181, 674 46, 502 23, 768 23, 631 99, 163 56,173 16, 448 17,187 1, 838, 915 7, 669, 685
COUNTEY BANKS
Maine
Vermont
Massachusetts
Rhode Island
Connecticut
__
Total New England States.._
New York
New Jersey
Pennsylvania
Delaware
Maryland
Total Eastern States
40, 088
13 875
11,853
94, 985
27, 282
71, 250
441
274
25
111
271
2,353
25
256
423 1,351
9
237
259, 333
3, 858 1,672
353
242, 653 3.734
218, 943 4,804
314, 736 11,488
109
2,767
26, 495 1,926
102
5
449
125
693
470
72 1,536
12
15
20
805, 594 22, 061 1,246
2,146
63 6,758 13,499
1,596
1 936
56 4,291 5 599
1,587
27 3,711 5,146
10, 469 1,439 20,432 26, 669
1, 905
57 3,043 4,561
12, 389
66 10,490 8,271
314 4,352
438
25 2 338
328
234
2 2,581
307 11, 545 1,499
161 1,284
446
163 3,494 1, 035
21
697
272
16
81
5
58
14
46
705
989
383
152
294
347
115
178
95
455
142
250
582 1,663
940 1.024
56
67
13
92
293
861 1,125
281
29,882 1,708 48, 725 63,745
972 25, 594 3,980 1,001
11
29, 726
16 099
14, 392
SO, 050
12, 257
40,288
69,814
29 974
26,245
175, 035
39, 539
111,538
220
1, 427 4, 329 3, 058 2,288
192,812
452, 145
129 64, 546 63. 991 1,137 34,442 3,500 1, 623
395
227
597 44. 808 48,793
646 22, 908 2,691 2, 787
797 130, 460 131, 634 1,741 83, 247 6,484
447 1,145
26 2,138 2,533
133
103 1,406
3
34
190 5,963 6,273
327
132 4,898
33
21
927 4, 076 2,770 2,048
1,313 3, 201 1, 646 1,074
4,430 9,537 5,962 5,348
85
390
110
20
259
541
422
85
259. 955
183, 511
444, 021
8,051
24, 321
502, 608
402, 454
758, 757
10,818
50, 816
176,714 1,739 247,915 253, 224 3, 759 146, 901 13,135 4,893 1,822
6, 775 17, 805 10,910 8,814
919,859 1, 725, 453
76,063
46,793
49.693
'934
3,231
U. S. Government, domestic, and foreign bonds, securities, etc., held by national banks June 80, 1937—Continued
[In thousands of dollars]
Miscellaneous bonds, stocks, securities, etc.
Bonds, notes, and debentures
(not
including
stock) of other domestic
corporations
Obligations of—
Stock of other
domestic
corporations
Foreign securities
Location
ta O
o
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..
61, 263 2,178
32. 296 1,267
l'S, 334 405
493
22, 411
269
8, 425
67, 303 1,381
27, 580
506
10, 375
581
21, 605
42
78,100 2,491
16, 852
762
29,190 1,094
654
33,129
139
71
165
115
916
32
101
178
148
1,227
421. 863 12,123 1,314 2,244
119, 667 10, 094
84,318 4,715
147, 997 5,343
65,857
765
432
1,055
1,600
245
11,523
5, 950
9,975
5,153
3,011
10, 391
17, 834
13, 933
10,895
50, 024
10,475
10, 377
12,432
16
169
303
537
226
34
38
3,168
3,222
149
206
845
1,730
1,398
670
254
1,185
1,191
2,916
1,000
3,601
2,886
150
81
970
1,675
1,865
471
172
1,454
1,240
4,006
1,009
555
535
10
131
823
72
5
165
55
650
232
171,973 1, 476 17,934 19, 580 3,241
49,170
11,233
37, 336
22, 546
904 19,149 19, 708
525 12,347 12,757
616 14,804 16, 444
91
12,694
224
115
391
225
3,722
967
545
4,194
265
88
190
138
250
792
440
I, 1
519
1, 698
209
539
259
145
2, 442 1. 586
233
1,603
534
3,284
455
V
422
526
149
32
5
17
338
89
3
231
35
26
52
5
~~48
5:
16
22, 551 6,452 1,745
14, 243 1,647
729
7,794
14, 734 1,215
610
8,936
87
47
100
44
504
32
37
59
57;
951
697
667
103
37
89
58
185
127
105
366
120
238
306
552
534
2
65
293
228
47
45
124
344
350
190
3,098 2,774
167
127
2
8
31
193
13
20
49
39
173
78
900
1,632 1,422
522
766
976
266 1,475
1,463
1,148
648
331
28,009
20,674
11,307
6,318
6,565
19, 702
25, 528
17, 241
12, 657
61, 835
16, 481
24,133
18,479
89, 272
52, 970
24, 641
28,729
14,990
87,005
53,108
27,616
34, 262
139,935
33,333
53, 323
51, 608
573 268, 929
690,792
119,689
53,110
96, 266
60,572
239,356
137, 428
244, 263
126,429
103
39
97
68
556
387
348
Wisconsin
Minnesota
Iowa__
Missouri
__
__ _
_
_„
Total Middle Western StatesNorth Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
__
-_
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Ari7ona
__
Total Pacific States
78, 077
69,410
25, 738
20, 057
586
1, 947
662
1,624
12
370
14
171
320
363
939
32
611,121 25, 736 1,295 4.986
45
110
16,019
13, 271
21, 621
28, 394
23,614
10, 465
19,193
12,274
25,137
366
160
1,616
1,346
521
128
644
535
680
493
45
40
20
60
169, 988
5, 996
22, 683
6, 734
38,258
15. 906
983
8,782
14, 408
305
211
479
85
107, 754
Alaska (nonmember banks)
The Territory of Hawaii (nonmember bank) •
Virgin Islands of the United States
(nonmember bank)___
11,311
Total (nonmember banks) . .
12,772
1 233
43
25
58
46
11
12,782
30 630
11,999
6,279
121 11,855 15, 985
40 7 054 6 231
180 2,619 2,270
177 1,144 1,101
476 15, 973
239 7 331
17 2, 250
120 1,253
675
703
306
251
24
1
9
49
5
4
1
12
181,975 2.654 79, 670 87,190 1,807 72, 514 6,136
361
118
172
167
306
440
183
122
220
91
508
5
7
1
105
7,430 2,209
302
585
170 1,209
124 1,049 1,193
193
249
16
44
137
180
281
295
76
25
2,111 7, 980 8,083 2.053
105
103
276
357
334
78
312
68
165
144
24
264
79
270
18
339
15
141
37
10
71
24
445
53
78
7
195 1,798 1, 294
2
430
463
56
532
59
5
20
90
280
148
142
28
497 1, 225
648
3
61,059
57, 574
21, 800
12, 599
139.136
126,984
47, 538
32, 656
482, 669 1, 093, 790
61
8,544
9,473
10,782
16, 318
9, 505
4,585
10,678
4, 505
30, 243
24- 563
22, 744
32, 403
44, 712
33,119
15 050
29,871
16, 779
55,380
779
104,633
274, 621
147
16
125
10
15. 045
6.234
43,560
5,011
512
4, 307
8,085
37, 728
12, 968
81,818
20, 917
• 1,495
13, 089
22, 493
310
82, 754
190, 508
48
823
2,056
11,289
22 600
20
71
44
29
10
66
34
78
190
834
1,010
752
519
898
512
1,217
81
721
826
673
803
649
1,099
431
1, 352
94
468
46
87
1
10
23
4
99
95
59
4 871
6,475
5.487
11,705
4,629
2 653
4,823
2,881
26,182
813
344
69, 706
542
6,544
6,395
279
256
5
65
54
118
19
2,008
207
3 481
285
34
454
617
2,074
206
5,398
391
48
581
530
44
199
173 2.384
7,206
5.114
29 005
3.431
354
2.434
2.509
59
220
22
3
32
14
1,452 2, 604
190
50, 053
457
7,086
9,228
22
143
79
350
162
2
14
3,3C9
1,804
2,431
26
226
47
33
129
49
41
142
15
409
637
3,421
2,283
2,642
281
192
63
12, 521
25, 293
2,873
573
228
22
3,016
573
9
1 018
545
1,059
469
1, 014
470
1,479
547
829
370
5
13
36
300
1,702
197
2,902
376
26
358
1,156
303
76
635
99
22
30
101
768
6,717
1,266
4
1
2
39
145
12
2
43
45
23
10
15
20
25
52
3
10
151
86
14
237
16
2
28
12
50
—
Total country banks
2, 388, 425 71, 220 8, 944 10, 285
Total United States
8, 219,195 125,494 73, 545 14,124 1,451, 629 13, 589 673,942 638, 563 30,172 466, 023 79. 680 32, 307 26, 765 113, 294 92, 365 39, 533 32, 067 3,903, 092 12, 122,287
683, 319 9,149 411,295 441,645 10, 826 284, 349 33,178 8, 539 3,134
s
o
o
K
hd
H
b
W
14,131 36,192 23. 085 14, 880 2, 064,177 4, 452, 602
Ct
a
CO
EARNINGS AND DIVIDENDS OF NATIONAL BANKS
CO
The following statements show the earnings and dividends of national banks, 1869 to 1937; the capital, surplus,
earnings, and expenses, etc., of national banks in reserve cities, States, and Federal Reserve districts in the year ended
June 30, 1937; arid a summary of earnings and dividends of national banks, grouped by size of banks according to deposits, for the year ended December 31, 1936. (In the appendix of this report are published tables showing the capital,
surplus, earnings, and expenses, etc., of national banks according to reserve cities, States, and Federal Reserve districts
in the 6-month periods ended December 31, 1936, and June 30, 1937, together with abstracts of reports of earnings and
dividends of national banks, grouped by size of banks according to deposits, geographically, and by Federal Reserve
districts, for the year ended December 31, 1936.)
Earnings and dividends of national banks, 1869-1937
W
[In thousands of dollars]
o
o
6 months
ended
Aug. 31,
1869
Number of active banks
Capital stock par value
Surplus
Total capital and surplus
-
-..
--
-
Capital funds l
Net addition to profits
..
Dividends
-Ratios:
Dividends on common stock to common capital
Dividends on common stock to common capital and surplus. _
Dividends on common stock to capital funds...
__
Net addition to profits to common capital
Net addition to profits to common capital and surplus
Net addition to profits to capital funds
__
Year ended Aug. 31—
1870
1871
1872
1873
1874
1875
1876
1877
1,619
1,612
1,723
1,853
1,968
1,983
2,076
2,091
2,078
422, 659
82, 219
427,236
91,690
450,331
98, 322
470,543
105,182
490,110
116,847
491,004
126, 239
501, 569
133,169
500, 394
131,897
481,045
124, 714
504, 878
518,926
548,653
575, 725
606, 957
617, 243
634,^738
632, 291
605, 759
548, 691
29,221
21, 768
561,788
55,811
42, 559
594,188
54,558
44, 330
625, 959
58, 076
46, 687
662, 264
65, 048
49, 649
675, 576
59,581
48, 459
686, 898
57, 936
49, 069
678, 900
43, 638
47, 376
656, 267
34, 867
43,921
Percent
5.15
4.31
3.97
6.91
5.79
6.33
Percent
9.96
8.20
7.58
13.06
10.76
9.93
Percent
9.84
8.08
7.46
12.12
9.94
9.18
Percent
9.92
8.11
7.46
12.34
10.09
9.28
Percent
10.13
8.18
7.50
13.27
10.72
9.82
Percent
9.87
7.85
7.17
12.13
9.65
8.82
Percent
9.78
7.73
7.14
11.55
9.13
8.43
Percent
9.47
7.49
6.98
8.72
6.90
6.43
Percent
9.13
7.25
6.69
7.25
5.76
5.31
W
o
a
o
Year ended Aug. 31—
1878
Number of active banks.
Capital stock,, par value
Surplus
Total capital and surplus
„
Capital funds '
Net addition to profits
_
Dividends
tio
u i v i d e i ^ s mi ' o n m w stock to common cari r J
I > \ i i iil^'>-i c» ,n J • ^t f K i » o 1 " " K n n n i t .[ and surplus
^
M
\
l
"N et ad * K> i " o f i u i u I T n o i c ,> l._
V t ad utio i > p ( K-> to oo \v ,p ( pitdl and surplus
Net id ijiofi 't_j i_f !Jl_k!l_r lLJLJ_l ^ ''•'" _
-------
-- —
1
1879
1880
1881
1882
1883
1884
1885
1886
2,625
522, 516
145, 763
668, 279
2,689
526,274
146, 524
2,809
539,109
153,643
692, 752
3,014
571, 649
172, 348
743,997
760,415
55,166
42, 413
Percent
7.87
6.12
5.58
10.23
7.96
7.25
806, 292
64, 507
44,153
Percent
7.72
5.93
2,056
2, 048
2,076
470, 393
118,179
588? 572
455, 245
114,321
569,566
455, 909
118,102
574,011
2,115
460,228
126, 680
586,908
477,185
131,079
608, 264
2,417
500, 298
138,332
638, 630
629, 055
30, 608
36, 941
Percent
7.85
6.28
5.87
6.51
5.20
A. 87
615, 369
31, 552
34, 943
Percent
7.68
6.14
5.68
6. 93
5. 5L
5. IS
624,455
45.186
36; 411
Percent
7.99
6.3 A
5.83
9.91
7.87
7.24
641, 592
53, 623
38, 378
Percent
8.34
6.54
5.98
11.65
9.14
8.36
660, 393
53, 322
40, 792
Percent
8.55
6.71
6.18
11.17
8.77
8.07
738, 877
52, 363
54. 007
41, 255
40, 679
Percent
Percent
8.13
7.90
6.37
6.17
5.75
5. 58
10.79
10.02
8.46
7.84
7. 6A
7.09
2, 239
672,7
725, 028
43, 625
40, 656
Percent
7.73
6.04
5. 61
8 29
6.48
6. 02
5.48
11.28
8,67
8. 00
Year ended Aug. 311893
Number of active banks..
Capital stock, par value..
Surplus
---.
Total capital and surplus..
Capital funds i
Gross earnings
Expenses
Net earnings
Losses and premiums...
Net addition to profits.
Dividends
Ratios:
Dividends on common stock to common capital
Dividends on common stock to common capital and surplus..
Dividends on common stock to capital funds
Net addition to profits to common capital
Net addition to profits to common capital and surplus
__
Net addition to profits to capital funds
Net addition to profits to net earnings..Expenses to gross earnings
-..
.Footnotes at ond of table, p. 107.
3,120
588, 384
183,106
771, 490
841, 787
129,148
45, 301
83, 847
18,487
65, 360
46, 532
Percent
7.91
5.53
11.11
8.47
7.76
77.95
85.08
3,239
605, 852
1GG. 912
802, 764
3, 484
642, 074
212, 615
854, 689
3, 652
672, 904
227, 199
900,103
3,759
684, 678
238, 240
922, 918
3,807
685, 787
249,138
934, 925
1894
3,770
671,091
245, 728
916,819
875, 297 934,543 987, 551 1,011,145 1, 028, 870 1,001,388
139, 725
135, 324 144,614 151,334 148, 559 151,695
51, 266
59, 683
49, 755
55, 035
58, 682
60, 909
93, 348
80,042
85, 569
96, 299
89, 877
90,786
21, 292
38, 087
15, 951
20,535
23, 219
22,035
72,056
41,955
69, 618
75, 764
66, 658
68, 751
51,159
45, 333
46, 618
50,795
50, 401
49, 633
Percent
Percent Percent
Percent
Percent
Percent
7.97
7.69
7.86
7.65
7.24
6.76
5.99
5.81
5.31
5. 64
6.46
4-94
5.47
5. 33
4.82
4.98
5.14
4.53
11.22
10.03
11. 49
9. 74
11.26
6.25
7.35
8.67
8.43
7.22
8.42
4.58
6.68
7.95
7.71
6. 59
7.67
4.19
75.73
81.36
77.19
74.17
78. 68
62.42
40.15
36.77
35.45
S9.50
36.37
42.71
1895
1897
3,715
658, 224
247, 782
906,006
3,689
651,145
248, 368
i9, 513
987, 228
135,459
59,990
75, 469
28, 602
46, 867
45, 970
Percent
6.9S
5.07
4.66
7.12
6.17
4.75
62.10
982, 997
142,443
61,006
81,437
31,695
49, 742
45, 526
Percent
6.99
5.06
4.63
7.64
5.53
5.06
61.08
42.83
3,610
632,153
246,404
878, 557
962,420
13.7,728
61,153
76, 575
32, 301
44, 274
42, 394
Percent
6.71
4.83
4-40
7.00
5.04
4.60
57.82
44-40
CO
Earnings and dividends of national banks, 1869-1937—Continued
CO
00
[In thousands of dollars]
Year ended Aug. 31—
1898
1900
1901
1902
1903
1904
1905
1906
10 months
ended
June 30,
1907 ,
Number of active banks..
3,582
3,583
3,732
4,165
4,535
4,939
5,331
5,668
6,053
6,429
Capital stock, par value..
Surplus
622, 017
247, 935
604,865
248,146
621, 536
256, 249
645, 719
274,194
701, 991
325, 525
743, 506
359, 054
767, 378
389, 647
791, 567
413, 436
826,130
448, 858
883, 691
534, 795
877, 785
919,913 1, 027, 516 1,102, 560 1,157, 025 1, 205, 003 1, 274, £
Total capital and surplus..
1,418,488
869, 952
853,011
Capital funds 1
Gross earnings
Expenses
Net earnings
Losses and premiums.~
Net addition to profitsDividends.
954, 989
143,394
62,182
81, 212
31,179
50, 033
44, 292
947,187 1, 013, 084 1, 062, 459 1,184, 368 1, 285, 690 1,349,016 1, 406, 858 1, 491, 293 1, 604,104
314, 701
279, 312
249, 411
248, 585
156, 520 193, 650 188, 267 221, 278
234, 584
131, 544
120, 448
68, 498
77, 667
103, 050
112, 206
72, 714
93,122
85, 235
183,157
158,864
88, 022 120, 936 110,600 136, 043
141, 462
146, 361
136, 379
33, 675
28, 746
30,922
30, 470
31,337
33, 659
31, 580
33, 425
29, 462
54, 347
81, 854 106, 581
152, 235
127, 527
109, 882
105, 909
87, 277
112, 936
46, 692
51, 700
99, 728
89, 265
73,138
48, 033
63, 566
75, 589
68,199
Ratios:
Dividends on common stock to common capital
Dividends on common stock to common capital and surplusDividends on common stock to capital funds
Net addition to profits to common capital
Net addition to profits to common capital and surplus
Net addition to profits to capital funds
Net addition to profits to net earnings
Expenses to gross earnings.—
Percent
7.12
5.09
4.64
8.04
5.75
5.24
61.61
43.86
Percent
7.72
4-47
4.93
8.98
6.37
5.74
61.74
43.76
Percent
7.73
5.47
4-74
14.04
9.94
8.61
72.17
87.55
Percent
8.01
5.62
4.87
Perce
7.70
74.01
41.25
9.
5.
15.
10.
78.
Perd
8.
5.
Pero
9.
414.
77.
41.
Percent
9.24
6.07
5.20
18.38
8.79
7.53
77.66
45.14
Percent
10.81
7.00
5.99
15. 44
10.00
8.55
80.27
Percent
11.29
7.03
6.22
17.23
10.73
9.49
83.12
41.80
o
W
o
o
o
H
W
3
O
Year ended June 30—
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
Number of active banks
6,824
6,926
7,145
7,277
7,473
7,525
7,605
7,579
7,604
Capital stock, par value
919,101
564,045
937,004
590,838
989, 567
644,857
1,019, 633
671, 947
1, 033, 571
693,990
1,056, 920
720, 607
1,058,192
723,338
1,068, 519
722,089
1,066,049
731,389
1,082, 779
762,367
1,483,146
1,527, 842
1,634, 424
1, 691, 580
1,727, 561
1, 777, 527
1, 781, 530
1, 790, 608
1, 797,438
1,845,146
1,667,803
332,454
150, 551
181,903
50, 568
131, 335
97,336
1,744,075
348, 674
177,035
171, 639
40, 453
131,186
92,993'
1,850,970
402, 666
209,784
192, 882
38, 714
154,168
105,899
1,933,134
428,973
232,062
196,911
39.926
156; 985
114, 685
1,984,398
450,043
258, 730
191,313
42, 255
1493 057
120., 301
2,045, 668
499, 252
284, 516
214, 736
53, 756
160, 980
119,906
2,049, 714
515, 624
301,424
214, 200
64,930
149, 270
120,947
2,105,363
527, 985
322, 450
205, 535
78, 440
127,095
113, 639
2,103, 288
590, 642
370,902
219, 740
62,196
157, 544
114, 725
2,198,553
667,406
410, 753
256, 653
62, 332
194,321
125, 538
Percent
10.59
Percent
9.92
Percent
10.70
Percent
11.64
Percent
11.34
Percent
11.43
Percent
10.64
Percent
10.76
Percent
11.59
6.56
5.84
14.29
6.09
5.33
14.00
5.72
15.58
Percent
11.25
6.78
5.93
15.40
6.06
14.42
6.75
5.86
15.23
6.79
5.90
14.11
6.85
5.40
11.89
5.45
14.78
6.80
5.71
17.95
7.87
72.20
45.28
8.59
7.52
76.48
50.77
8.33
79.93
52.10
9.28
8.12
79.72
54.10
9.06
7.87
74.97
8.38
7.28
69.69
58.46
61.84
61.07
8.76
7.49
71.70
62.80
10.53
8.84
75.71
61.54
Surplus
_
Total capital and s u r p l u s . . . •_
Capital funds 1
__
_
Gross earnings
__
Expenses..
Net earnings
Losses and premiums
Net addition to profits
Dividends...
„
Ratios:
Dividends on common stock to common capital._.
Dividends on common stock to common capital
and surplus
Dividends on common stock to capital funds
Net addition to profits to common capital
Net addition to profits to common capital and
surplus
Net addition to profits to capital funds
Net addition to profits to net earnings
Expenses to gross earnings
Footnotes at end of table, p . 107.
7,372
7.51
77.91
57.49
7.10
6.04
O
W
H
O
H
W
O
O
H
W
Q
d
CO
Earnings and dividends of national banks,
1869-1937—Continued
[In thousands of dollars]
Year ended June 30—
Number of active banks.Capital stock, par value
Surplus
Total capital and surplus
Capital funds *
7,705
7,785
8,030
8,154
8,249
L, 118, 603
872, 226
]L, 224,166
1 273,880
1 026, 256
1,307,216
L, 048, 806
1, 907, 694
t, 990,829
;I,
2 300,136
2, 356, 022
2, 249, 793
;2, 363,478
5I, 622, 075
2, 796, 29T
I, 848,456
_
_
—_
Amount
Gross earnings:
Interest and discount—.
. .
Collection charges, commissions, fees, etc
Foreign department (except interest on foreign loans, investments, and bank
balances)
_
. .
Other current earnings
_
_
._
Total earnings from current operations
-_
Expenses:
Salaries and wages
Interest and discount on borrowed money
-_
Interest on deposits
_
Taxes
Other expenses
'.
Total current expenses
Net earnings
.
.
__
Recoveries on charged-off assets
_
Total net earnings, recoveries, etc
„
_
Losses charged oft:
On loans
> __
On bonds, stocks, and other securities
\
1922
1, 098, 556
809,138
._.
_
1921
1920
1919
1918
Percent
to total
986, 384
210, 550
Percent
Percent
Amount Percent
to total Amount to total Amount to total Amount
92.84 1,011,619
91.21
2.13
28,898
2.61
45, 762
6.03
68, 599
744,141
93.26
845,592
18,323
2.30
19,406
35, 426
4.44
92.00
1.80
955, 451
16, 715
89.62
1.67
1.79
6.1S
1,105, 832
I 21,630
J
'
1 21,472
52, 985
141
15, 888
79, 234
1.49
7.42
100.00
1, 067, 268
100.00
198, 404
47, 685
294, 076
79, 376
113,449
27.06
6.51
40.12
10.83
15.48
732,990
100.00
797, 890
100.00
910, 760
100.00
1,109,116
100.00
1, 201, 910
114,130
20, 380
242,893
51,951
80, 831
22.37
4.00
47.61
10.18
15.84
139,656
53, 504
260, 335
65, 052
92, 233
22.87
8.76
42.62
10.65
15.10
175, 452
82, 720
287,637
79, 484
111, 097
23.83
11.23
39.06
10.79
15.09
202, 726
119, 396
291, 828
87, 398
128, 558
510,185
100.00
610, 780
100.00
736, 390
100.00
829,906
24.43
14.39
35.16
10. 63
15.49
100.00
287, 705
16,107
299, 980
21, 066
372, 726
23,912
372, 013
23, 978
334, 278
41, 782
303, 812
321, 046
396, 638
395,991
376, 060
33, 964
44,350
37. IS
48.48 1
35, 440
27,819
43.93
34.48
31, 284
61,790 |
Percent
to total
27.31
53.94 1
76, 210
76,179
42.37
42.35
135, 208
33, 444
g
8
o
o
g
o
70.28
17.38
Other losses
Total
Net addition to profits
Dividends on common stock
Ratios:
Dividends on common stock to common capital
Dividends on common stock to common capital and surplus
Dividends on common stock to capital funds
Net addition to profits to common capital
Net addition to profits to common capital and surplus
Net addition to profits to capital funds
Net addition to profits to net earnings
Expenses to gross earnings
Footnotes at end of table, p. 107.
13,166
14- 89
17, 421
21.59
21, 481
18.75
27. 496
15.28
23, 738
91, 480
100. 00
80, 680
100. 00
114, 555
100. 00
179,885
100.00
192, 390
212, 332
129, 778
282, 083
147, 793
240 368
135, 588
Percent
11.81
6.80
5 77
19.33
11 13
9'44
73.80
63 94
Percent
12.12
6.81
5 7 If
21.49
12 07
10.17
80.13
67 06
183, 670
165,884
216, 106
158,158
Percent
12 07
6.69
6 64
23 04
12 76
10.76
75.68
66 39
n.u
100.00
Percent
12 42
6.88
5 66
16.96
9 40
7.78
58.09
69 05
Percent
12. 69
7.04
5 82
14-05
7.80
6.45
54. 95
68.68
t
O
W
O
§
o
o
d
Earnings and dividends of national banks,
1869-1987—Continued
[In thousands of dollars]
Year ended June 30—
1925
1924
N u m b e r of active banks
.
Capital stock, par value
Surplus
Total capital and surplus
_._
8,241
8,085
8,072
7,978
1, 334, 011
1,080, 578
1, 369, 435
1,118,928
1,412, 872
1,198,899
1,474,173
1, 256,945
2;399, 507
2, 414, 589
2, 488, 363
2, 611, 771
2, 731,118
!, 875, 712
2,916,245
2,970,074
3, 089, 358
3, 239, 539
Percent
Amount
Percent
to total
Amount
939,552
89.53
965, 876
89.89
976, 458
16, 536
1.57
16, 396
1.52
17, 986
11,296
82,024
7,222
1.08
5,059
7.82 /1 80,006
1, 049,408
100. 00 1, 074, 559
Amount
Total earnings from current operations
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 money
Taxes
_
Other expenses
_
_
Total current expenses
Net earnings
_
1927
1, 328, 891
1, 070, 616
Capital funds '
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
_
Other current earnings
__.
1926
202,117
27. U
210, 315
320,031
43. 45
338, 345
25,685
67,412
121,337
3.49
9.15
16.47
26, 537
66, 348
124, 499
736, 582
100. 00
766, 044
312,826
308, 515
12, 573
5,951
111, 129
100. 00 1,124,097
.67
Percent
to total
Percent
65.27
22.92
2.26
1.45
13, 762
14, 653
1.23
10, 811
8,255
.69
71,822
103,714
8.70
100. 00 1,192, 218 100. 00 1,190, 383
1.16
.91
1, 046,992
87.82
18, 604
1.56
1.12
.53
218,073
27. SO
229, 864
373,991
46.82
387, 948
4
8.66
16.25
13, 707
65, 798
127,145
19, 361
68, 568
135,925
100. 00
798, 714
1.72
8.24
15.92
100.00
7.46
325, 383
Percent
Amount to total Amount to total
'2 776,951
272.886
26,878
17,273
1.60
O
C
841, 666
350, 552
243, 246
53,944
122, 719
[3 231,679
2.30
18, 342
8.15
70, 337
16.15 142,107
27.31
100. 00
882,374
308,009
100.00
27.57
6.11
13.91
26.26
2.08
7.97
16.10
100.00
o
w
o
cj
Q
l
to
p!
to
M
gj
Recoveries on charged-off assets:
On loans
On bonds, stocks, and other securities
All other „
_
__
I
_
Total recoveries
Profits on securities sold
39, 686
44,005
51,100
34, 495
39, 686
44,005
-
Net addition to profits
Dividends or common stock
-_-
-
__ _
-}
—
-
Ratios:
Dividends on common stock to common capital
_
Dividends on common stock to common capital and surplus
Dividends on common stock to capital funds
Net addition to profits to common capital
Net addition to profits3 to common capital and surplus
Net addition to profit' to capital funds
Net addition to profits to net earnings
Expenses to gross earnings
_
___.
--
75.07
13. 64
11.29
102, 814
24, 642
19, 848
69.80
16. 73
160, 438
too. oo
147, 304
100. 00
_
i____
365, 069
120, 438
21, 890
18,110
-
18,883
8,884
5,572
56.64
26. 65
16.71
33, 339
100. 00
52, 660
343, 010
IS. 47
195, 706
163, 683
203, 488
179,176
-
|
{
I
0)
363, 926
Total net earnings, recoveries, etc
_
34, 495
(*)
Losses and depreciation:
1
On loans
-- On bonds stocks and other securities
On banking house, furniture and fixtures
Other losses and depreciation
Total
51,100
Percent
13.48
7.47
6. 23
15.31
8.48
7. 08
65.05
70.19
394,557
95, 552
25, 301
20, 281
67.70
17. 93
14.37
141,134
100.00
223, 935
165, 033
Percent
12.27
6 78
5.61
14 67
8.11
6.71
63. 43
71.29
93, 605
23, 783
28, 002
145, 390
394,008
64.38
16.36
19.26 /1
100. 00
249,167
173, 753
Percent
12.05
6.63
5.56
16.35
9.00
7.54
68.82
71.05
O
86, 512
27, 579
14,410
13,188
61 06
19.46
10.17
9. SI
141, 689
100. 00
252, 319
180, 753
Percent
12.30
6.65
5.62
17.64
9.54
8.07
71.08
70.60
Percent
12. 26
6.62
5 58
17.12
9.24
7.79
81.92
74.1S
o
o
Footnotes at end of table, p. 107.
o
d
Earnings and dividends of national banks,
1869-1937—Continued
[In thousands of dollars]
Year ended June 30—
1928
Number of active banks
Capital stock, par value
Surplus
Total capital and surplus.
Capital funds
J
Total earnings from current operations
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 money
Taxes
Other expenses
Total current expenses
_
_._
Net earnings
_
_
_.
-.
_
__
.-
_
1930
7,691
7,536
7.252
6,805
6,150
1, 627, 375
1, 479. 052
1, 743, 974
1, 591, 339
1. 687, 663
1, 493, 876
1, 568. 983
1, 259, 425
3,013,551
3,106.427
3,335,313
3, 181,539
2, 828, 408
W
3, 570. 988
3. 674, 763
3,976, 148
3, 755, 730
3, 279, 848
Percent
to total
Amount to total
Percent
Percent
o
o
615, 357
298. 841
14,645
12. 699
57.77
28.06
1.37
1.19
§
§
18,172
22, 366
83, 092
1.71
2.10
7.80
Percent
to total Amount
Percent
to total
Amount
817, 231
311:338
26. 601
15, 324
68.59
24.28
2.07
1.42
894,032
320,416
22,862
18. 965
64.85
23. 06
1.65
1.36
903, 858
299, 042
23,140
19,124
65.23
21.58
1.67
1.38
701. 889
320. 076
28. 346
15, 937
13, 437
1.05
1.26
6.38
12, 439
20, 583
100.103
.90
1.48
7.20
13, 535
22, 765
104,144
1.64
7.52
15. 262
26, 688
90, 224
16. 165
81, 982
1, 285, 078
262,
57,
129,
265,
18,
68,
155,
1932
1931
1,593,856
1, 419, 695
Amount
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
_
_
Other current earnings
_
__*
1929
100. GO 1,389,400
609
282
005
998
612
750
405
5. .98
13.47
27.78
1.94
7.18
16.28
957, 661
100. 00
327, 417
271,805
46, 462
126, 742
281.012
35, 548
65, 967
159, 346
986, 882
402, 518
100.00
27.54
4.71
12.84
28. 48
3.60
6.68
16.15
100. 00
1, 385, 608
276, 089
42,119
128, 719
287,184
27, 671
66,123
171,161
999, 066
386, 542
100. OC
27.63
4.22
12.88
28. 75
2.77
6.62
17.13
100. 00
1, 258, 422
275, 593
46, 115
106, 268
288,074
9,018
64,140
158, 816
948, 024
310, 398
GO. 54
25.44
2.25
1.27
LSI
2.12
7.17
100. 00 1,065,172
29.07
4.86
ii. n
30.39
.95
6.77
16.75
wo. 00
100. 00
1-3
W
239, 200
25, 820
66, 772
230, 439
21, 504
48, 080
139, 783
31.00
3.85
8.65
29.86
2.79
6.23
18.12
o
d
771, 598
100.00
a
<
293, 574
Recoveries, profits on securities sold, etc.:
Recoveries on loans.,
Recoveries on bonds, stocks, and other securities. .
Profits on securities sold
All other
Total...
Total net earnings, recoveries, etc
Losses and depreciation:
On loans
On bonds, stocks, and other securities
On banking house, furniture and fixtures
Other losses and depreciation
._
Total
__._
Net addition to profits
Dividends on common stock
Ratios:
Dividends on common stock to common capital
Dividends on common stock to common capital and surplus
Dividends on common stock to capital funds
Net addition to profits to common capital
Net addition to profits to common capital and surplus.. __
Net addition to profits to capital funds _
Net addition to profits to net earnings
Expenses to gross earnings
_
19, 519
7, 329
59, 328
9,621
20.38
7.65
61.93
10.04
95, 797
100. 00
423, 214
92,106
29,191
18, 150
13, 609
153, 056
18. 149
7,828
35, 085
9, 666
25. 66
11.07
49. 60
13.67
70, 728
100. 00
473, 246
60.18
19. 07
ii. m
8.89
100.00
270.158
205 358
21.38
9.81
56.89
11.92
73, 354
100. 00
459 896
86, 815
43, 458
25,132
16. 037
50.64
25. 85
14.66
9.35
171, 442
100. 00
301,804
222 672
103.817
61,371
28, 803
19, 644
4.8. 69
28. 78
13. 43
9.19
213.635
100. 00
19.89
10.92
58.77
10. 92
85, 654
100. 00
186,
119,
18,
18,
Percent
13 59
7.11
5 96
14 12
7 38
6 19
68 71
72.10
16, 753
9, 521
24, 869
16, 051
Si. 98
14.17
37.01
23. 89
67,194
100. 00
360, 768
804
294
448
905
54.40
34. 73
5.37
5.50
343, 511
100. 00
259, 478
201, 848
17,693
21, 529
Percent.
12 5®
6.64
5 63
3 11
1 65
1 {0
1
6 93
75.33
51.84
40.33
8.53
4 SO
W
139. 780
169 155
Percent
to 78
5.98
5 16
5 g Qi
5
4 94
0 4 26
5
47 61
Number of active banks
_
Capital, par value:
Class A preferred
Class B preferred
Common
Total
Surplus.
Total capital and surplus
Canital funds *
Footnotes at end of table, p. 107.
_
_
_
__
1934
1935
8
g
33
§
72.44
o
Year ended J u n e 30—
1932
O
H
O
100.00
500, 518
5
52, 541
211 301
Percent
13.68
7 17
6.06
18 55
9.72
8.21
74.98
71.03
74. 52
16, 606
9,350
50, 342
9, 356
396 052
246,261
237 029
Percent
12.88
6 81
5.75
16.95
8.96
7.57
82.51
__
15,680
7,195
41. 733
8, 746
1936 8
1937
4,902
5,422
5, 431
5,374
5,299
51,193
2,600
1, 463, 412
401,989
10, 081
1,326,722
503, 914
21, 208
1, 288, 848
423, 228
20, 261
1, 254, 762
281,012
17, 965
1, 288, 749
1, 517, 205
940, 598
1, 738, 792
854, 057
1, 813, 970
831, 846
1, 698, 251
973, 393
1, 587. 726
1, 073,154
2, 457, 803
2, 592,849
2, 645, 816
2, 671, 644
2, 6C0,880
2, 856, 554
3,001, 033
3, 086, 418
3, 165,728
3, 212,165
o
d
O
Earnings and dividends of national banks, 1869-1937—Continued
[In thousands of dollars]
Year ended June 30—
1933
Amount
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
Rent received
Other current earnings-.
---Total earnings from current operations.
Expenses:
Salaries and wages: 8
Officers
-Employees other than officers
_
Number of officers 8_
_
8
Number of employees other than officers
Interest on deposits of other banks.
_
Interest on other demand deposits
Interest on other time deposits
_.
Interest and discount on borrowed money
Real-estate tixes
Other taxes
Fees paid to directors and members of executive, discount, and advisory committees
Other expenses
Total current expenses..
Net earnings
—
Recoveries, profits on securities sold, etc.:
Recoveries on loans
Recoveries on bonds, stocks, and other securities
Profits on securities sold
Allother
Total
Total net earnings, recoveries, etc
_
_
1934
Percent
Percent
to total Amount to total
1935
1936
Amount
346,995
323,491
1,409
19,438
43.20
40.28
.18
2.42
342, 673
313, 661
913
21,324
42.94
39.30
.11
2.67
356,732
331, 666
846
23,179
42.11
89.15
.10
2.73
8,324
26,479
22, 685
54, 313
1.04
3.30
2.82
6.76
5,517
30, 222
26,139
7
23, 242
34, 391
.69
8.79
1.00
100. GO
803,134
100.00
«, 082
100.00
8,477
33, 779
29, 353
50,125
13, 040
847,197
202, 214
86.30
209, 217
87.82
'8. 87
1,943
10, 321
166,103
4,151
.35
1,875
8,009
155, 632
612
41,992
214,450
24,804
92,885
1,550
5,544
132,058
321
7
10, 708
34,290
53. 68
82.14
1.21
1.60
388,064
291, 901
1, 551
17, 936
12, 538
21,401
14, 006
1.42
2.43
1.59
14. I l l
23; 616
16, 317
53, 030
882,362
100. 00
806, 526
204,513
'0.71
18, 521
46, 715
189, 087
17,181
41, 020
2.78
7.01
2.58
6.16
148, 973
'2.37
128, 705
23.10
135, 866
24.1
666,010
100. 00
557, 043
100.00
553, 203
100. 00
216,352
17,129
51,515
9,915
78, 559
294,911
86.19
.19
1.75
2.0°2
6.58
.75
43, 606
249, 483
21.81
65.57
12.62
100. 00
1937
Percent
to total
473, 696
283, 568
10, 657
14,099
52, 337
6
26, 304
93,580
15,467
135, 351
384,834
19.43
69.14
11.43
100. 00
.11
Percent
Amount to total
7
2,089
150,718
551, 728
1.00
23.94
.06
8.15
27.70
100.00
5.92
1.54
100.00
93, 247
135,363
U, 798
96,865
1,377
4,788
124, 918
280
21, 304
33,159
16.14
23.43
4,661
158, 754
577,851
.80
27.47
100.00
249, 931
246,354
269,346
32, 341
156, 645
9,246
198" 232
64,082
21.44
16.31
/ 143,138
79.02 \ » 78, 808 74.24
12,913
4.67
4- oZ
100. 00 298,941 100. 00
64, 243
73, 208
124, 858
17, 274
279, 583
448,163
545,295
548,929
.83
21.62
.05
3.68
5.74
26.18
44. 66
6.18
100.00
Losses and depreciation:
On loans
On bonds, stocks, and other securities
On hanking house furniture and fixtures
Other losses and depreciation
Total Met addition to profits
Dividends:
On preferred stock
On common stock
Total
5
-
231, 420
236, 557
15 916
29, 402
45.08
46.09
3.10
5.73
513,295
100.00
5
218, 384
22
!«99,124
___
„
.
_
Ratios:
Dividends on common stock to common capital _
Dividends on common sto^k to common canital and surplus.
Dividends on preferred stock to preferred capital
Dividends on preferred and common stock to preferred and common capital .
Dividends on preferred and common stork to capital funds
Dividends on preferred and common stock to preferred and common capital
and surplus
Net addition to profits t<> nnrnmnn capital
Net addition to profits to common capital and surplus
Net addition to profits to common and preferred canitnl
Net addition to Profits to common and preferred capital and surplus
Net addition to profits to capital funds
Net addition to profits to net earnings
Expenses to gross earnings
379, 294
241, 789
29. 833
37,464
55.10
35.13
4-33
5.44
188, 237
136, 743
22. 313
29. 498
49.96
36.29
5.92
7.83
154,964
93. 339
24,387
30,951
51.04
so. 74
8.03
10.19
111,000
94,069
26.434
30, 865
42.81
85. 85
10.08
11.76
688, 380
100.00
376, 791
100.00
303, 641
100.00
262,368
100.00
303, 546
11
99,146
3,430
72, 418
u
75, 848
Percent
6.77
4.12
.01
6.53
3. 47
4.03
14.92
*9.08
5
14.39
*8.89
6
7 64
5
100.94
75.48
5
241, 654
71, 372
16,176
87, 241
13
103, 417
Percent
5.46
3.32
.83
4.36
2.53
2 9%
«22.88
»13.
92
5
17. 46
55 11.71
10 11
«121. 67
69. 07
286, 561
20, 432
105 172
o
14,496
* 138, 979
l
125, 604
H
O
153,475
Percent
6.77
4.11
3 08
5.70
3 35
Percent
8 38
4.72
4 61
7.40
3 97
Percent
10. 78
5.88
4. 85
9.67
4-78
3.91
5.54
A 70
19.26
10. 85
U. 23
9 05
7 63
98. 09
69 13
5.77
22.24
12.13
18.05
10.77
8.92
106. 39
68. 21
8.98
2 70
2.31
28 56
68.88
-
H
o
o
I
o
o
1
Represents aggregate of capital stock, surplus, undivided profits and reserves. In the years 1889-1933, inclusive, the amount of capital stock included in capital funds consists
of the
par valuo thereof, whereas subsequent to 1933 only the book value of capital stock is included in capital funds.
2
Includes $9,659,000 interest on investments and interest on balances with other banks, which was not reported separately by several banks. Report forms used prior to July 1,
1926,3 called for all interest items to be shown in one amount.
Includes $10,300,000 interest on demand and time deposits and borrowed money, which was not reported separately by several banks. Report forms used prior to July 1, 1926,
called for all interest items to be shown in one amount.
5
6
?
*9 Included with "Other current earnings."
Deficit.
Revised
figures.
6 months ended June 30, 1936, when first called for separately.
Amounts paid to officers, as distinguished from employees other than officers, and the number of officer^ and employees were first called for separately in the 6-month period ended
June 30,1936. Figures showing the number of officers and employees represent the number of salaried officers and the number of full-time and part-time employees other than officers
on the
pay roll at the end of the period.
9
6 months ended June 30, 1936, Such profits in period from July 1, 1932, to Dec. 31, 1935, were not called for separately but were included with recoveries on bonds, stocks, and
other securities.
n
1?
*° Includes stock dividends of $50,000.
Includes stock dividends of $710,000.
Includes stock dividends of $2,243,000.
w Includes stock dividends of $7,342,000.
» Includes stock dividends of $30,141,000.
NOTE.—Gross earnings, expenses, and losses were not called for separately prior to 1888. Recoveries were not called for separately prior to 1918. The number of banks, capital,
surplus, and capital funds used in this table are as of end of period. Earning and dividend reports were not required prior to 1869.
H
a
3
o
Earnings and dividends of national banks for the year ended June 30, 1937
O
00
[In thousands of dollars]
Par value of capital stock
Number of Class A Class
pre- B prebanks
Location
M!aine
New Hampshire
Vermont
Massachusetts
Boston
_ _ __
Rhode Inland
Connecticut
ferred
stock
ferred
stock
2,157
906
812
7, 234
475
Grross earnings
Interest
Inter- and divest and onidends
bonds,
disstocks,
count
and
on
other
loans
securities
Surplus
Total
capital
and
surplus
9,707
6,165
5,389
31, 434
45,313
7, 555
21,679
4,873
4,804
2,491
15, 966
68, 992
7,322
12,830
14,580
10,969
7,880
47, 400
114, 305
14 877
34, 509
1, 767
1, 440
1,233
6, 676
10,920
1,446
5,114
2,439
1,201
1,013
5,878
6, 602
1,099
2,939
Common
stock
Total
Foreign
department
Total
Inter- Collec- (except
Servest on
ice
Other earninterest
tion
ings
bal- charges,
charges
Rent
curTrust
for- depart- on defrom
rerent
ances commis- on
eign
curposit
ceived
earnment
with
sions,
loans,
rent
acings operaother
counts
banks fees, etc. investments,
tions
and bank
balances)
18
998
32
19
109
134
57
873
731
132
400
118
159
78
1,047
1,548
50
705
46
197
988
15
70
4,695
3,095
2,493
15, 240
23,124
2, 846
10,185
745
1,071
2, 555
2,436
3,705
1,373
61, 678
580
15
2,329
351
491
173
103
6
28
42
53
6
5
4,896
17
60
387
41
664
34
6,821
878
1,100
457
190
13
18
168
284
1,647
154
1,890
1,166
1,000
402
22
25
84
• 85
224
1,737
67
6,290
2.357
3,314
642
650
16
89
293
222
302 38,311
1,404
5
4, 710 103,084
229 29, 238
409 60,443
176 22, 324
65 13,741
6
944
65
3,784
4,594
9
5,184
154
4,171
5,431 10, 607
6,699
15, 677 5,976 283,051
24
26
3
1
3
240
134
146
37
8
2
425
114
47
28
425
177
290
49
265
4
71
156
26
11
480
3,842
1,097
7,075
5,259
4,477
23,630
45,313
7, 075
16, 740
32S
15,431
2, 242
109,569
127, 242
117,278
244, 520
28, 596
21,171
434
4,583
9
232
679
16
7
16
58
5
9
23, 037
1 236
300
24,455
15, 458
2,349
170
178
1,929
900
1, 562
54,159
2 625
205, 984
38,025
94, 299
32, 341
22, 700
1.740
4, 700
6, 350
7,650
81, 779
3 861
206,284
65, 595
110, 494
34,990
22 870
1,928
6, 699
7 250
9,212
35, 247
524
261, 570
23, 686
105, 993
40. 782
33, 620
2, 523
4,234
5, 860
5.482
117,026
4 385
467,854
89, 281
216,487
75, 772
56,490 •
4,451
10, 933
13,110
14, 694
15, 993
612
34,512
11,297
26,017
8,106
2, 785
437
1,761
905
2,177
17, 371
512
41, 598
12,924
28,000
11,949
9,885
441
1,737
3,092
2,225
32
Total Eastern States.. 1,472
71, 574
8,815
470, 573
550,962
519,521 1,070.483 104, 602
129, 734
1,888
2. 589
1,210
225
13
60
10
5
25,198
12 795
6,046
1 275
4,612
7,266
3, 526
1,562
374
1,153
3,762
1,740
825
215
1,352
23, 297
10,146
4,826
1 050
3,255
_ _
Total New England
States.._
1
New York
Brooklyn and Bronx
New York
New Jersey
Pennsylvania
Philadelphia
Pittsburgh
X)elaware
Maryland
BaltimoreWashington, D. C
Virginia 2
West Virginia.,
North Carolina
Charlotte
South Carolina
._
132
79
40
3
20
100
570
3,115
737
300.
10
70
14.474
5 507
2,821
725
1,750
39, 672
18 3H2
8,867
2 000
6,362
689
20
37
185
77
37
375
981
56
844
55
44
29
174
336
13
94
40
52
42
122
6
12
54
1
2
20
3
38
19
52
2
2
2
9
10
555
545
136
58
73
139
100
14
2
21
12,844
6,364
3,023
764
2,435
Georgia s
Florida
Jacksonville
Alabama i
Mississippi
Louisiana
New Orleans
Texas 5
Dallas
Fort Worth
Galveston
Houston
San Antonio
Waco
Arkansas
Little Rock._ _
Kentucky
Louisville
Tennessee
Memphis
Nashville
55
50
3
68
25
27
3
426
5
3
4
9
7
3
47
3
97
3
66
3
3
Total Middle Western
States
25
5, 790
2, 345
1,142
2, 400
5,592
900
1, 463
2,625
125
5, 775
1,740
450
884
192
1,527
1,090
3,305
16
255
35
500
100
3, 800
16, 841
8, 565
6 000
11,945
2. 725
4,896
5,800
30, 516
14,250
3,200
1,650
9,475
3,400
850
4,238
800
9,109
2,250
8,069
5,500
4,300
17,954
9, 603
6 000
20,360
5,195
6,038
8,200
36,124
15,150
4,663
1,650
15, 250
5,140
1,300
5,377
992
10, 671
3,840
11,474
5, 500
8,100
8,530
4,899
2 120
7', 848
1,678
2,725
5, 050
18, 367
6,475
1, 465
1,155
7,245
1, 850
542
2,602
455
6, 523
4,730
3, 633
4, 500
1,550
26,484
14, 502
8 120
28, 208
6, 873
8, 763
13,250
54.491
21, 625
6,128
2.805
22, 495
6,990
1,842
7,979
1,447
17,191
8, 570
15.107
10,000
9,650
5,058
1,579
869
3.689
1,074
1.670
2,009
11,479
4,005
1,466
458
2, 453
954
276
1,367
275
2,911
1.441
2, 735
1, 830
1,813
1,942
2,031
1 098
2,447
1,003
1,006
2, 350
4,843
1,773
692
334
2,267
945
210
1,049
276
1,844
1,032
1,770
1,201
684
2
9
5
4
1
1
7
1
1
2
1
1
6
4
40
4
721
398
140
317
259
184
298
889
166
37
41
112
41
25
227
91
57
44
152
394
121
149
57
8
14
1
3
2
315
83
122
317
20
34
209
98
14!
55
36
119
47
3
21
8
60
31
100
128
52
375
489
94
293
98
187
80
1,076
166
121
21
244
71
48
144
39
117
150
134
119
105
801
302
216
654
155
195
499
1,033
353
341
66
1,015
492
33
140
41
264
49
207
260
177
67
46
12
120
29
39
7
224
44
3
2
40
8
4
19
12
14
28
29
305
22
9,281
4,937
2 556
7,990
2, 639
3,316
5,509
19, 657
6, 648
2,716
958
6,265
2 559
601
2,968
743
5,273
2,782
5,167
4,243
2,974
47, 785
3,769
196, 953
248,507
119, 219
367.726
63, 292
38, 028
146
5,536
248
2, 684
5, 268
8,660
41
4
3
123
3
280
15,497
543
41. 561
7,900
7,620
12, 898
5,250
22,054
57, 601
7,900
9,300
17, 505
6,175
27, 707
22, 428
5,760
4. 545
6,860
5,900
12, 733
80. 029
13, 660
13, 845
24, 365
12. 075
40, 440
11,113
1,527
1,706
3,905
958
5, 586
10, 692
1,237
1,838
4,014
2.212
6, 958
50
1
4
16
19
17
426
18
118
263
32
603
135
16
927
4
2
1, 238
152
138
205
54
276
259
492
111
957
1, 450
462
456
551
257
870
213
19
206
124
2
149
26 244
3, 444
4, 725
9, 570
3,649
15, 418
79, 400
115,150
51,135
166,285
15, 418
21,969
13
2,056
619
7, 395
768
3, 530
210
51,978
4,158
3, 250
18, 671
19, 296
13,955
11,900
6,750
8,387
1,200
4,754
5,250
1 100
13, 800
4,950
3,260
34,341
32, 092
16, 359
14, 879
8,175
11,949
1,348
5, 979
6,643
1 100
13,800
2.404
2,110
16, 490
9,956
7,161
8, 865
6,185
5,150
757
2,408
4,477
912
5,525
7,354
5, 370
50, 831
42,048
23, 520
23, 744
14, 360
17, 099
2,105
8,387
11,120
2 012
19, 325
1,112
417
5, 886
4, 505
3, 346
2,919
1.963
2, 859
287
1,578
2, 054
301
2, 578
1,252
521
8,598
6,875
3,925
2,890
1,503
2,316
272
985
1,411
238
3,123
24
2
366
29
396
351
874
769
312
288
17
89
37
16
237
21
47
90
605
128
116
895
7
153
5
20
419
4
164
648
64
786
719
300
217
79
461
65
223
149
42
106
89
185
819
950
368
170
412
340
39
151
59
44
275
52
14
ISO
276
226
48
18
174
9
31
16
5
10
3, 590
1 321
17, 379
13,848
9,231
7, 960
4,308
6, 591
fi94
3,079
4,158
650
6,514
396, 213
181,761
577,974
70,016
82, 829
238
7, 297
1,016
12,111
7, 385 11,477
1,982
Total Southern States, 1,184
Ohio •
Cincinnati. _._„__ _
Columbus
Indiana
__
Indianapolis
Illinois.Chicago, central Reserve
CIT v banks
Chicago, other Reserve
city banks
Peoria
Michigan "_
Wisconsin 8
Minnesota
Minneapolis _
St. Paul
Iowa '
Sioux City
Missouri
Kansas City
St Joseph
St. Louis
1,088
1,038
9
1,680
4,117
925
5,532
490
121
9
35, 750
38
3
83
105
1S9
4
3
109
4
69
7
4
6
742
50
15,200
12, 761
2,186
2,979
825
3, 524
148
1,210
1,393
470
35
218
1,207
104, 469
Footnotes at end of table, p. 111.
600
38
15
2,580
289,164
I
14
9
72
fi
2
2
10
95
35
4
46
12
3
1, 350 125,212
194,351
Earnings and dividends of national banks for the year ended June 80, 1987—Continued
[In thousands of dollars]
Par value of capital stock
Gross earnings
Foreign
Location
North Dakota
South Dakota
-- Nebraska
._
Lincoln
Omaha
_ __
10
Kansas
Topeka
Wichita
Montana l l
Wyoming12
Colorado
Denver
New Mexico
Oklahoma
_ _
Oklahoma City
Tulsa
Total Western States.
Number of Class A
banks preferred
stock
r~
1 225
1, 992
1, 104
290
1 794
1 760
Class
B preferred
stock
5
2
1 525
1,109
3,133
669
2 611
4 243
474
1,450
2 099
1,464
2 908
4,860
1 071
6, 055
1,800
3,600
5 754
5,500
10,177
2 309
8 561
15 917
1 674
3 850
6 837
4,080
8 870
10, 520
3 056
17, 080
9,150
10,114
984
2,039
375
1 214
2 905
' 175
400
835
974
1 640
1 607
814
4 238
1, 516
1,718
716
672
1,026
459
1 059
1 501
'305
243
1 046
424
1 193
1 940
376
2 258
1,655
924
16
2
16
9
2
24
4
11
316
197
245
16
153
205
12
48
164
60
153
123
53
355
55
37
537
67, 756
84, 378
39, 071
123, 449
22, 146
15, 797
96
2,192
12
6, 595
13, 000
8,424
11, 085
32, 000
73, 700
1 718
751
1, 850
8,826
13, 000
8,635
14, 422
42, 850
79, 200
2 649
1 398
2,400 1
3,163
3, 744
5,881
7,119
18, 740
51, 790
667
646
1,018
11, 989
16, 744
14, 516
21, 541
61, 590
130, 990
3 316
2 044
3,418
2,187
3,480
3,153
5,115
14, 958
35, 234
655
659
448
1,442
2,488
3,766
2,665
9,913
20, 658
595
247
448
19
17
36
46
14
22
4
4
2
161
351
217
254
949
837
72
21
25
810
16, 085
51
3
29
97
3
5
20
10
3
2,219
201
3,337
10, 850
5,500
931
647
10
71°
4 229
4,391
7,044
1 640
5 950
11 674
1200
2 400
4 738
2, 616
S 962
5,660
1 985
11 025
7,350
6,514
93
548
427
1 461
1 470
356
581
920
2,064
550 i
Surplus
Total
Interest on Collection
balances charges,
commiswith
other sions,
banks fees, etc.
2 954
2,384
5,910
1 350
4 008
9 777
1 200
2 307
4 165
2,089
4' 501
4.190
1 629
10 432
6,380
4, 450
50
15
47
127
3
6
179
3
4
44
26
73
5
22
205
5
4
Washington 13
Seattle
Oregon 14
California _Los Angeles
San Francisco
Idaho 5
Utah 1
Salt Lake City...
Common
stock
Total
capital
and
surplus
Interest
divInter- and
est and onidends
bonds,
disstocks,
count
and
on
other
loans
securities
148
137
25
100
12
50
4
I
departTotal
ment
Serv(except
Other earnice
ings
interest Trust charges
curon for- depart- on de- Kent
rent from
recureign
ment posit ceived earn- rent
loans,
acings operainvestcounts
tions
ments,
and bank
balances)
20
17
4
8
165
32
20
37
18
21
90
289
11
55
71
50
90
152
282
51
234
458
58
102
116
130
345
247
105
404
138
223
139
107
153
70
593
444
114
194
214
65
315
157
132
378
92
666
107
85
31
8
98
39
5
7
48
8
36
128
9
74
47
42
2 105
2,216
3,780
987
3,518
5,588
690
1, 031
2, 457
1,687
3, 788
4.504
1,502
7,786
3,578
3, 671
9
908
3,135
3, 833
772
48, 888
8
63
41
2
57
511
119
255
294
335
1,825
2,005
11
32
219
220
447
293
1,151
1,651
116
52
9
77
297
151
566
576
1,684
2,964
103
23
46
34
30
45
213
127
1,008
11
15
45
4, 486
7, 055
8, 565
9, 499
30, 678
64.890
1,567
1,053
1,100
2
3
4
Nevada
. ..
Arizona ,.,
Total Pacific States...
Alaska (nonmember banks).
The Territory of Hawaii
(nonmember bank).
Virgin Islands of the United
States (nonraember bank).
T o t a l (nonmember
banks)-..
Total central Reserve cities.
Total all other Reserve
cities
Total country banks, including nonmember banks
Total United S t a t e s . .
5
6
74
1, 234
232
25, 543
22
686
1, 275
760
2,509
256
1,228
1,016
3,737
342
986
429
614
15
7
22
109
8
21
40
132
151, 084
176, 649
94, 252
270,901-
67, 217
43, 265
186
3,018
690
4, 912
4, 398
4
275
275
307
582
127
67
47
1
3,350
3, 350
1,728
5, 078
708
752
149
11
2
1
125
25
150
17
167
28
23
24
1
6
125
3, 650
3, 775
2,052
5, 827
803
842
220
12
2
285, 384
321, 434
312, 705
634, 139
49, 930
63. 567
51
4,385
5,515 14, 216
4, 248
448 740
.545 275
370, 585
916 860 138 574
123,153
270
8,208
2 585 12.118
5, 043 151, 675 13, 717
554, 625
720, 017
389, 864 1, 109, 881 168, 228
144,946
525
10, 586
5, 299 281,012 17,965 1, 288, 749 1,587,726 1,073, 154 2, 660, 880 356, 732
331, 666
846
23, 179
18
36, 050
238
93, 287
1
2 Includes 2 banks in Reserve city of Buffalo.
3 Includes 2 banks in Reserve city of Richmond.
4 Includes 2 banks in each Reserve city of Atlanta and Savannah.
8 Includes 1 bank in Reserve city of Birmingham.
8 Includes 2 banks in Reserve city of El Paso.
7 Includes 2 banks in Reserve city of Cleveland and 1 in Reserve city of Toledo.
8 Includes 2 banks in each Reserve city of Detroit and Grand Rapids.
9 Includes 2 banks in Reserve city of Milwaukee.
10Includes 1 bank in each Reserve city of Cedar Rapids and Dubuque and 2 in Reserve
1! Includes 2 banks in Reserve city of Kansas City.
377
7, 445
8,477 33, 779
105
201
21
2,099
6, 716 ' 1, 565 131, 967
6
18
19
286
26
39
1
1,686
2
78
22
2,050
32
2, 658
57
9,820
4,920 155, 062
10 985 18, 561
4,302 318 756
15, 710 21, 744
3, 818 373, 379
29, 353 50, 125 13, 040 847,397
city of Des Moines.
Includes 1 bank in Reserve city of Helena.
« Includes 1 bank in Reserve city of Pueblo.
13
Includes 2 banks in Reserve city of Spokane.
H
15 Includes 2 banks in Reserve city of Portland.
Includes 1 bank in Reserve city of Ogden.
NOTE.—The number of banks, capital and surplus shown in this table fire for active banks on June 30, 1937. The remaining figures, however, include the returns of 5,331 banks
in the 6 months ended Dec. 31, 1936. (See also semiannual statements published in appendix oi this report.)
j
O
H
O
O
O
O
r
Q
9
a
Earnings and dividends of national banks for the year ended June 80, 1937—Continued
Maine..
New Hampshire
Vermont. .
Massachusetts
Boston
Rhode Island.
_ _ .
.
Connecticut
Total New England
States___
New York
Brooklyn and Bronx
New York.. __
._
New Jersey
Pennsylvania.
Philadelphia...
Pittsburgh.
-_
1, 542 1,273
772
603
437
863
101
41
19
Total net e
Total
All other
Recoveries on bonds, s
and other security
Recoveries on loans
Net earnings
Total current expenses
44
17
50
340
799
87
295
3, 066
1,639
1,870
1,031
781 1,451
5,347 9,717
7,911 17, 505
832 1,794
3,288 6,178
200
93
8,293
33 1,739
2,107
11,214
40,926
20,752 4,620
4, 955
9, 622 1,632
20, 829 4.1, 581
84
2
21
35
7
111
222
2
435
16
373
162
244
245
77
9,099
167
2,621
6, 846
17,887
1,382
2,101
216
1,168
433
824
46
1
5
13
21
2
3
1,118
33
2,951
1,304
1,435
163
323
11
68
7
64
89
979
22
3,310
629
2,766
1.473
1,019
41
168
264
281
6,687
438
23, 967
5, 641
8, 301
3,880
1, 955
122
531
723
868
28, 164
1, 120
65, 587
22, 063
43,836
12, 768
8,801
598
2,839
2, 550
3,754
10,147
284
37, 497
7,175
16,607
9,556
4,940
346
945
2,044
1,430
42, 744
98 7,559 10,952
53,113 192,080
too
8,850
4,215
2,128
1,948
163
Other expenses
886
528
436
2,990
3, 323
364
1,095
45, 629 29, 481
248
Other taxes
496
308
167
914
2,081
311
678
725
618
Real estate taxes
1,427
213
839
178
670
128
4, 37C 1,103
9, 594 1,708
962
70
2,890 1,220
383
11
165
306
808
134
32
11
46
19
33
6,182
Interest and discoun t on
borrowed money
3,268
2, 256
1,823
10. 870
13, 530
1,884
7,295
469
1,508
687
_ __
452
time
20
26
6
23
587
604
360
2, 906
4,321
606
1,830
9,884 7,032
443
'd
178
153
180
302
890
127
277
6, 894 1,527
72
298
.s
59
78
32
542
609
19
400
27
13
5
49
83
5
18
3, 463
219
13,170
2, 910
4,672
2,300
s
7
7
1
12
46
36
40
167
56
40
84
4,522
258
22, 869
3, 950
6,060
3. 653
2,267
86
356
621
987
15
3
la
1,371
481
623
2,792
1,128
305
1,593
385
509
452
365
09s
275
2,224 1. 663
4,278 2,934
455
329
1,691 1,128
4,811 1,561
172
37
805
9,305
900
3,177
6,307 2,228
1, 725
176
802
71
109
452
194
350
39
125
670
d
Interest on other
deposits
1
147
158
135
459
261
72
295
469
429
307
1,856
2,139
320
1,374
Delaware
Maryland
Baltimore _
Washington, D. C
Total Eastern States.. 27, 880
Virginia
West Virginia _
North Carolina
i
other than
officers
d
a3
Interest on other dei
deposits
Amount
Officers
Employees
Amount
Location
Fees paid to director
members of execi
discount, and ad\
committees
Interest on deposits of other
banks
Salaries and wages
Profits on securities so
Recoveries, profits on securities
sold, etc.
Expenses
s, etc.
lln thousands of dollars]
43
76
2
562 1,595
4
5
3
40
60
11
2,921
1.263
'466
I
5
3
1
1
171
146
63
140
107
2,038
1,100
569
3,147
143
15,894
2,046
1, 693
941
769
9
140
114
194
2,787
67
24,736
2, 715
3. 199
108
2,104
45
442
132
251
90,971 25, 090
36, 586
606
514
75
173
247
3,994
2,149
895
740 14,213
7, 539
300
527
17
16, 447 2,437 59,514
5, 761
524 11, 049
11,078 1,024
16,994
2,602
556
4,207
2,121
17
5,011
147
219
18
736
37
1.355
4, 538
4.173j
119
'9621
48
1,455
i
51,869 5,537 119, 082
1.4051
'516
255
293 • 2.477
1,431
154
380
38
24, 360
811
97,011
18,224
33, 601
13, 763
9,951
565
2,300
6, 582
2,885
210, 053
6,471
3,580
1,275
Charlotte
South Carolina
Georgia
Florida
Jacksonville
Alabama
Mississippi
97
18
114
345
286
1 033
217
696
284
59
804
997
112
345
104
366
601
87
3,685 1,590
106
681
88
268
123
SO
749
109
58
271
63
15
179
439
102
23
776
862
320
68
685
263
357
63
266
51
______
Louisiana
New Orleans
Texas
Dallas _
Forth Worth
Galveston
Houston
San Antonio
Waco
Arkansas
Little Rock
Kentucky
Louisville
Tennessee
Memphis
Nashville _
Total Southern States. 16,196 5,170
Ohio
Cincinnati
Columbus
Indiana
Indianapolis
Illinois _
Chicago,
central
Reserve city banks . . .
Chicago, other Reserve
city banks_
Peoria
Michigan
Wisconsin
Minnesota
Minneapolis. _
St. Paul
Iowa__
Sioux City
Missouri.. _. _
Kansas City
St. Joseph
St. Louis
Total Middle Western
States
_
68
81
333
275
1,427 1,204
844
671
492
873
933
1,169
331
285
485
888
1,187
870
2,280 2,125
654
937
447
819
138
81
645
1,095
813
383
65
88
290
330
117
108
521
505
551
468
583
492
446
618
411
356
1
10
57
30
16
35
21
23
32
132
21
6
4
9
5
2
22
11
40
7
32
11
7
17, 599 14, 168
695
2
1
12
4
56
16
13
41
39
70
85
223
975
394
218
1,030
417
444
551
1,291
271
201
223
282
251
52
478
33
1,096
354
1,115
431
412
131
917
15,477
213
3
70
158
110
43
4,942
423
477
1,794
474
2,387
9
393 1,439
63
293
84
303
222
747
86
348
278
626
815 2,843
9, 573
31, 227
28
60
330
396
233
74
187
114
17
81
27
15
298
971
257
3,441
2,633
1,619
1,744
922
1,217
199
570
869
171
1,118
2,887
924
12, 215
10, 355
7,212
5,865
3,094
4,401
565
2,164
2,714
561
4,301
2
11
8
2
4
7
1
6
4
1
11
45
58
32
8
25
20
82
217
16
7
23
48
22
9
3
3
103
384
67
27
170
77
127
228
805
412
49
20
226
69
21
129
26
265
156
193
288
118
201
417
2,160
1,068
639
1, 596
552
645
1,271
3,753
940
652
112
1,512
691
124
567
181
773
637
817
818
574
503
1,490
6,384
3,303
1,768
5, 233
1,915
2, 232
4,166
12,975
3,433
1,750
705
4,238
1,843
379
2,053
473
3,663
2,074
3,688
2,656
1,966
261
58
58
945
466
2,897
1,634
98
49
788
277
2, 757
116
724
205
1,084
1,343
55
6,682 1,736
3,215 1,090
593
966
253
79
464
2,027
203
716
222
25
103
915
270
3
1,610
227
708
188
158
1,479
136
1,587
352
1,008
46
378
132
180
624
71
966
279
907
329
24
131
240
59
3
71
7
334
343
45
419
73
89 3,840 4,732
24, 407
84, 083
41,129 7,934
6,110
4,917
736
1,313
1,668
516
2,748
18, 572
2, 373
3,201
6,988
2,450
10,566
7,672 1,279
1,071
505
1,524
352
2,582
444
128
1,199
4,852
819
564
395
38
366
34
731
20, 751 8,350
3
4
1
47
2
20
2
1
3
1
2,986
340
261
1,181
251
2,414
972
82
kl
465
82
994
3,497 2,743
35R
482
625
446
1,132 1,007
472
639
1,940 1,765
172
17
11
71
4
119
3,852
846
10,189 6,722
64
82
3,799
10
485
173
1,651
1,586
1, 620
898
391
1,044
93
534
478
122
721
121
714
164
2,388
1, 816
883
1,420
478
741
127
8S®
60S
112
1,003
25
15
63
87
107
56
7
27
8
23
3
2
25
84
20
41
56
159
19
19
6
2
5
459
177
2,776
2,782
2,126
672
491
930
63
482
219
91
729
1
286 1,120
26, 293
48
888
443
65 "2
115
50
418
24
286
78
24
99
21,081 5,674
See footnotes at end of table.
788
200
3,500
2,430
954
1,773
747
791
153
357
816
130
1,280
32,423 24,846
3
13
904
11
16
57
13
22
2
24
5
6
37
49
2
1
2
39
2
2
6
10
1
2
32
44
299
144
48
173
143
122
210
785
152
119
62
317
151
20
80
3
169
36
210
90
51
127
40
399
342
526
570
244
117
13
95
285
27
98
43 3,801 9,482
37, 202 132, 635
17
33
151
737
561
229
941
295
430
1,075
1,159
730
190
139
1,227
294
39
367
92
757
923
766
368
535
6
39
79
32
44
190
58
20
15
382
55
168
11
151
44
10
101
5
69
54
29
190
96
114
375
294 1,239
1,660 4, 557
823 2, 457
502 1,290
2, 032 4,789
540 1,264
1, 621 2,705
1,424
2,767
4,184 10, 866
2,204 5,419
975 1,941
613
360
2,082 4,109
600 1,316
77
299
642 1,557
107
377
1,387 2,997
1,508 2.216
998 2, 477
1,113 2,700
1,056 2,064
14, 214 2,333
30, 591 71, 720
3,274
308
563
1,502
1,122
2. 250
245
46
41
125
16
263
5,362 13,034
1,254 2,325
994 2,518
2, 437 5,019
1, 300 2,499
4, 083 8,915
27, 246 47, 997
6, 739
9,890 2,267
45
118
868
969
591
862
210
322
15
101
187
23
697
13
70
1, 427
689
551
837
73
181
16
178
449
5
1,461
448
82
2,154
3,624
993
380
304
573
77
281
548
95
777
61, 716 16,885
14,817
703
397
5,164
3,493
2,019
2,095
1,214
2,190
129
915
1,444
89
2, 213
25
22
236
166
167
135
255
41
10
42
52
6
157
29, 245 4,317
531
292
4,685
5,448
2, 302
2, 214
842
1,117
118
602
1,236
129
3,092
1,234
689
9,849
8,941
4,321
4,309
2,056
3,307
247
1,517
2,680
218
5,305
65, 264 126, 980
Earnings and dividends of national banks for the year ended June 80, 1937—Continued
fin thousands of dollars]
417
'*1
60
596
21
31
146
96
69
77
726
47
55
Total Western States. 7,912 2,997
Washington
Seattle—.._
Oregon
California .
Los Ansreles
San Francisco
Idaho
Utah
Salt Lake City..
235
700
140
806
961
308
1, 308
430
2, 506
425
5 ; 820 1,480
244
92
126
45
117
_.
19
245
274
341
192
649
600
108
217
331
225
483
884
216
829
431
737
463
625
85
157
276
164
588
170
829
810
474
6,762 5,660
692
1,348
1 476
1, 302
5,646
11,298
216
110
179
552
983
1,211
1,012
8,818
8,882
88
1U
346
16
3
51
53
53
20
91
177
22
58
82
37
160
90
67
123
31
135
458
505
655
246
1. 171
1,085
191
289
462
271
653
789
1,616
1,656
2,587
663
2, 503
3,870
471
763
1,797
1.168
59
25
140
22
72
131
7
21
138
61
225
310
23
338
201
163
1,453
594
851
2,942
1,003
5,232
1,838
2,449
489
560
1,193
324
1,015
1,718
219
268
660
519
1,106
1,562
499
2, 554
1,740
1 ; 222
110
114
220
68
272
468
19
115
508
163
565
236
174
518
327
501
119
125
62
422
248
224
8
85
96
23
427
534
63
171
42
27
124
166
221
229
381
335
68
130
205
123
384
326
91
337
257
358
1
All other
Profits on securities sold
Recoveries on bonds, stocks,
and other securities
Net earnings
Total current expenses
Other expenses
Other taxes
Real estate taxes
Interest and discount on
borrowed money
Interest on other time
deposits
Interest on other demand
deposits
Number
SAO
153
27
23
37
1
59
45
53
9
176
121
20
118
46
24
59
88
42
140
57
27
Total net e
183
211
Employees
other than
officers
0
Total
430
North Dakota
_. __
498
South Dakota
841
Nebraska
125
Lincoln _
404
Omaha
1,212
Kansas
108
Topeka .
133
Wich'ta
423
Montana
. __
288
Wvoming
595
Colorado
467
Denver
232
New Mexico
-- -1,591
Oklahoma
268
Oklahoma Citv
297
Tulsa
__
Number
Amount
Officers
Amount
Location
Fees paid to directors and
members of executive,
discount, and advisory
committees
Interest on deposits of other
banks
Salaries and wages
Recoveries on loans
Recoveries profits on securities
sold, etc.
Expenses
412
450
556
728
1,077
1,148
115
448
S55
333
1,435
1,184
370
1,166
683
913
901
1,010
1.749
1,052
2,092
2,866
334
716
1,515
852
2,541
2, 746
869
3,720
2,423
2,135
2
2
10
1
14
8
19
49
5
4
10
5
19
53
21
96
31
58
513
56
99
562
27
39
298
4
K
15
324
152
748
261
189
1
1
325
58
370
4,660
10 1, 250 1,936
9,957
33, 240
15,648 4,378
2,676
3,735 1,084
11,873 27, 521
25
18
13
72
33
123
6
5
12
1
5
69
63
64
35
53
285
36
25
21
845
852
1,181
2,008
61
49
308
40
158
421
166
347
3
555 1,006
I 1, 931 1, 528
17
40
69
10
24
58
830
1,172
1,588
1,579
4,898
11,153
303
183
3,273
4,614
5 ; 864
1,213
248
2.441
388
2 ; 701
256
2,678
386
9,674 1,280
17- 725 2,377
491
82
332
40
305
80
163
109
188
194
831
6.325
' 29
53
431
19
598
48
714
132
1,022
397
4,098
8,527 1,618
132
17
15
133
180
9
895 2,108
1,094
3,535
1,206 3,907
1,734
4,412
6,606 16, 280
18, 847 36,572
751
260
557
17
51
3
53
10
29
14
7
37
13
2
1
11
117
3
14, 901
193
174
1
3
1
234
207
21,004
47,165
1,076
795
37
86
354
m
120
Nevada..
U
291
Arizona
84
Total Pacific States... 12,999 3,302
Alaska (nonmember banks)38
IS
The Territory of Hawaii
(nonmember bank)
36
233
Virgin Islands of the United
States (nonmember bank) _
14
4
Total (nonmember
banks)
285
53
Total central Reserve cities. 13,157 1,149
Total all other Reserve cities. 29, 597 5,193
Total country banks, including n o n m e m b e r
banks
50, 493 18,463
Total United States._
114
388
111
330
2
5
22, 769 16,844
314
28
140
40
187
691
27,026
2
45
15
76
171
527
625
575
7 3, 077 3,894
61
101
11
84
38, 434 5 301
8, 057
350
524
22 616
93, 633
11
M
17^
362
42
1S7
1, 116
18
3
14
63
15
245
1, 354
696
6
7
117
128
3
54
16,080 2, 364
214
367
56^
891
31 802 70, 236
2
1
38
149
79
fi
9?
662
12
27
142
838
29
17
254
152
14
18
297
187
6
2
425
35
7
33,058 19, 892
57,115 40,607
229
952
21
455
998 1,851
6,420
42, 290
Vo 3, 766 6,153
18 7, 360 13, 321
33, 540 96, 814 58, 248 24, 244
60, 636 214, 138 104,, 618 17, 892
31, 475
22, 283
26, 337 4, 704
45,047 6, 014
3,480
358 2,482
76, 208
247 10, 178 13, 685
64, 578 266, 899 106, 480 22,107
19, 450
53,474 6, 556 101, 587 208,067
45,190 37,119
93, 247 24, 805 135,363 97,618
6
4, 661 1,377 4,788 124,918
38
56
111
7
12
280 21, 304 33,159 158, 754 577, 851 269, 346 64 243
93
7
od
86 760 145, 008
91 236 195,854
73, 208 124,858 17, 274 279, 583 548,929
w
O
c
1 Number at end of period.
Number of full-time and part-time employees at end of period.
2
p
3
o
cj
Q
K5
Earnings and dividends of national banks for the year ended June 80, 1987—Continued
[In thousands of dollars]
Dividend!
Losses and depreciation
Location
On
loans
On
On
bonds, banking Other
stocks, house, losses
furniand
and
ture
depreother
securi- and fix- ciation
tures
ties
Total
Net
addition to On pre- On comprofits ferred
mon
Total
stock
stock
228
173
2,257
5,936
210
1,538
427
270
2,005
3,769
288
1,297
58
27
794
679
28
469
546
1,438
805
513
5,830
11, 279
567
3,850
Total New England States- 10,896
8,608
2,118
2,660
24, 282
17, 299
4,667
50
18, 299
4,126
7,439
2,083
2,992
89
523
5,125
1,064
84
3,592
960
1,798
246
565
40
70
123
1,760
63
3,840
1,638
2,516
307
639
29
192
53
11,336
441
46,944
10, 673
18,449
6,254
4,844
254
1,147
5,351
1,027
13, 024
370
50,067
7,551
15,152
7, 509
5,107
311
1,153
1,231
1,858
Maine
_ _- _.
New Hampshire
Vermont
Massachusetts
Boston
Rhode Island
Connecticut
_
New York
Brooklyn and Bronx
New York
New Jersev
Pennsylvania
Philadelphia . ._
Pittsburgh
Delaware
Maryland
Baltimore
Washington, D. C
. . .
._.
Total Eastern States.
Virginia.
_
West Virginia
North Carolina
Charlotte
South Carolina ._
Georgia
554
3,845
244
23,213
3,949
6, 696
3,618
648
96
362
50
552
63
203
579
130
42,924
43, 972
8,672
1,018
792
103
15
107
1,051
248
156
10
193
491
903
305
214
75
20
47
319
269
92
43
774
895
41
115
245
2,739
1,469
391
51
467
1,958
231
367
280
1,901
5,787
790
1,311
Percent
5.64
5.78
5.20
6.39
12.72
10.91
6.45
923
10, 061
63
47
391
24
18
3,732
2,111
884
324
772
2,599
Dividends
Divion comdends on mon stock
common to comstock to
mon
common
capital
capital 1 and surplus !
2 399
34 304
233
5 1,510
6
5, 763
7 772
8 1,080
1,628
1,065
938
3,887
6,226
1,227
2,328
U, 152 106, 720 103,333
365
215
57
6
120
Ratios
149
548
Percent
3.34
3.02
3 34
3.81
5.04
5.36
3.65
Net addiNet addi- Net addi- tion to
profits to
Net addi- tion to
tion to
tion to profits to profits to common
and preprofits to common common
ferred
common1
capital
and precapital
capital
and surferred
and surplus 1
capital!
plus 1
Percent
23.01
20.25
20.95
16.45
13.74
17.34
13.91
Percent
13.63
10.58
13.46
9.82
5.45
8.52
7.87
Percent
16.77
17.27
17.41
12.37
13.74
16.24
10.74
Percent
11.17
9.71
11 90
8.20
5.45
8.25
6.75
10,984
9.18
4.44
15.79
7.63
13. 60
7.07
9
1,133
5,028
3,895
49
119
107O
636 H28 t 927 29,563
1,298 12 1,733 3,031
651 13 7,006 7, 657
102 " 5,398
5,500
10
1,626
1,616
4
174
15 170
95
16 202
297
1,356
1,320
36
562
629
67
7.19
2.67
14.04
4.56
7.43
16.69
7.12
9 77
4.30
20 79
7.35
4.36
2.22
6.19
2.81
3.50
7.38
2.87
3 99
2.26
10 81
4.28
24.05
14.10
24.31
19.86
16.07
23.22
22.50
17.87
24. 53
19 39
24.29
14.57
11.75
10.71
12.24
7.56
10.27
9.07
7.30
12.91
10 08
14.15
15.93
9.58
24.27
11. 51
13.71
21. 46
22.33
16.13
17. 21
16.98
20.17
11.13
8.44
10.70
8.46
7.00
9.91
9.04
6.99
10.55
9 39
12.64
4,081
50,899
54, 980
10.82
5.14
21.96
10.44
18. 76
9.65
110
114
51
8
"48
I? 1,873
18668
"339
75
20 243
21
1,482
1,983
782
390
83
°91
1,523
8.04
6.58
7.02
7.14
7 47
8.80
4.96
4.27
4.43
4.23
4 86
5.84
16.02
20.81
18.32
30.869
23 7
15.43
9.88
13.49
11.56
18.25
15.42
10.24
14.81
16. 50
14.62
25.41
16 74
14.48
9.41
11. 53
9.97
16.20
12 13
9.81
41
Florida
Jacksonville
Alabama
Mississippi
Louisiana
New Orleans
Texas
Dallas
Fort Worth..__
Galveston
Houston.. _
San Antonio
Waco
Arkansas
Little Rock
Kentucky
_
Louisville
TennesseeMemphis
Nashville
_-.
Total Southern States
Ohio.—
_
Cincinnati
Columbus
Indiana
Indianapolis
Illinois
_
Chicago, central Reserve
city banks
Chicago, other Reserve city
banks
_.
Peoria
Michigan
Wisconsin
Minnesota
_
Minneapolis
_
St. Paul
Iowa
Sioux City
__.
Missouri
Kansas City
._.
St. Joseph
_
__.
St. Louis.
Total Middle
States
208
235
• 737
230
215
309
2,345
878
326
53
582
212
46
310
5
500
215
372
210
448
657
135
777
188
1,256
712
1,311
443
109
67
704
447
13
142
20
674
822
264
536
283
200
95
162
64
70
259
733
208
109
33
143
69
15
102
34
127
47
123
189
70
68
11
294
122
61
107
680
29
219
23
121
38
97
82
1
167
106
94
220
90
1,133
476
1,970
604
1,602
1,387
5,069
1,558
763
176
1,550
766
171
636
60
1,468
1,190
853
1,155
891
1,324
814
2,819
660
1,103
1,380
5,797
3,861
1,178
437
2,559
550
128
921
317
1,529
1,026
1,624
1,545
1,173
321
95
34
67
202
63
50
5
204
79
17
49
7
64
62
125
10,962
12,121
3,832
3,638
30,553
41,167
2,285
4,689
279
240
290
211
936
1,795
289
418
918
77
1,993
661
126
134
361
21
513
799
20
11
175
22
467
7,944
714
803
1,744
331
3,909
5,090
1,611
1,715
3,275
2,168
5,006
826
8,509
4,436
2,338
1,601
16,884
136
118
429
1,313
543
155
572
384
16
346
207
54
570
226
57
1,647
1,212
1,357
1,450
680
367
62
252
311
45
1,315
75
62
417
385
305
73
273
235
3
140
25
12
94
145
10
335
522
195
73
220
180
11
128
126
9
35
582
247
2, 828
3,432
2,400
1,751
1,745
1,166
92
866
669
120
2,014
19,997
18,907
6,253
5,084
50,241
Western
See footnotes at end of table.
54
415
22 419
285
23 1,052
172
24 184
2« 1, 056
26 2, 748
271, 226
28 565
77
2» 1, 227
27 288
47
30 500
46
31673
424
32 550
435
114
473
285
1,373
267
218
1,123
2,950
1.289
615
82
1,431
367
64
549
53
737
486
675
435
529
4.89
4.75
8.81
6.31
3.76
18. 21
9.01
8.60
17.66
4.67
12.95
8.47
5.53
11.80
5.75
7.39
18.84
6.82
7.91
2.65
3.11
3.51
5.32
3.91
2.41
9.73
5.62
5.92
12.11
2.75
7.34
5.49
3.38
7.31
3.67
4.31
6.07
4.70
4.35
1.95
15.46
13.57
23.60
24.22
22.53
23.79
19.00
27.09
36.81
26.48
27.01
16.18
15.06
21.73
39.63
16.79
45.60
20. 13
28.09
27.28
9.83
10.02
14.24
14.99
14.47
12.72
11.86
18. 63
25.25
15.58
15.31
10.48
9.20
13.46
25.26
9.78
14.70
13.88
15.45
20.05
13.79
13.57
13.85
12.70
18.27
16.83
16.05
25.49
25. 26
26.48
16.78
10. 70
9.85
17.13
31.96
14.33
26. 72
14.15
28.09
14.48
9.13
10.02
9.99
9.60
12.59
10.42
10.64
17.85
19.22
15.58
11.38
7.87
6.95
11.54
21.91
8.89
11.97
10.75
15.45
12.16
16, 768
19,053
8.51
5.30
20.90
13.02
16.57
11.20
70
244
67
256
33 1, 607
490
s^ 798
35 1, 597
396
38 1, 542
2,433
490
868
1,841
463
1,798
3.87
6.20
10.47
12.38
7.54
6.99
2.51
3.59
6.56
8.08
3.55
4.43
12.25
20.39
22.51
25.39
41. 30
22.70
7.95
11.79
14.10
16.58
19 44
14.39
8.84
20 39
18.44
18.71
35.11
18.07
6.36
11.79
12.39
13.44
17.95
12.38
31,113
1,440
" 19, 081
20, 521
24.03
14.62
39.19
23.83
27.02
18.71
652
442
7,021
5,509
1,921
2, 558
311
2,141
155
651
2,011
98
3,291
16
4
572
471
107
136
291
173
5
45
49
38 201
3^340
« 1,328
« 984
42 1,597
1,104
845
43 802
27 142
4*312
io 518
47
1,239
217
344
1,900
1,455
1,704
1, 240
1,136
975
147
357
567
47
1,291
4.83
10.43
7.11
5.10
11. 44
9.28
12. 52
9.56
11.83
6.58
9.87
4.27
8.98
3.06
6.33
3.78
3.36
7.56
5.32
6.53
5.92
7.26
4.36
5.33
2.34
6.41
15.68
13. 56
37. 60
28. 55
13.77
21. 50
4.61
25. 53
12.92
13.69
38.30
8.91
23.85
9.94
8.23
19. 97
18.83
9.10
12.32
2.40
15.82
7.92
9.09
20. 67
4.87
17.03
13.17
13.56
20. 44
17.17
11.74
17.19
3.80
17.92
11.50
10.89
30.27
8.91
23.85
8.87
8.23
13.81
13.10
8.17
10.77
2.17
12.52
7.36
7.76
18.08
4.87
17.03
76, 739
4,824
39,794
12.09
7.43
26.54
16. 30
19.37
13.28
52
34,970
Earnings and dividends of national banks for the year ended June SO, 1937—Continued
00
[In thousands of dollars]
Losses and depreciation
Location
North Dakota
South Dakota
Nebraska Lincoln. ,
Omaha
Kansas - Tooeka
Wichita
Montana WyomingColorado
Denver
On
loans
---
--
Oklahoma
Oklahoma City .
Tulsa _
.
Total Western States.
Washington
Seattle
Oregon
California __ _
Los Angeles..
San Francisco
Idaho
Utah
_
Salt Lake City
Nevada
Arizona
_ ..
.
On
On
bonds, banking Other
stocks, house, losses
and
furniand
other
depreture
securi- and fix- ciation
ties
tures
Total
Net
addition to On pre- On common
profits ferred
Total
stock
stock
220
419
472
114
154
637
78
22
346
189
396
89
183
598
195
208
181
187
156
550
691
211
64
223
328
80
727
497
108
290
215
151
96
123
100
36
147
274
26
69
109
67
134
1S6
56
349
92
193
98
111
75
71
5
184
27
190
25
19
89
58
35
85
25
87
595
840
803
771
997
1,306
195
504
808
355
1,346
830
382
1,322
527
639
306
170
946
281
1,095
1, 560
139
212
707
497
1,195
1,916
487
2,398
1,896
1,496
3
35
26
69
71
14
26
62
616
4,320
4,659
2,057
1,184
12, 220
15,301
1,322
496
212
389
520
5,123
14, 562
39
49
24
11
• 158
232
352
724
362
2,410
1,258
224
10
111
21
81
134
254
205
297
761
1,633
41
23
13
78
290
331
444
2,674
3,146
56
8
41
31
33
940
1 108
1,649
1,623
10, 968
20. 599
'360
90
189
63
366
1,168
2 427
2,258
2,789
5,312
15,973
391
467
470
501
525
84
94
Ratios
Dividends
52
61
83
10
121
73
15
144
379
316
21
23
23
2
44
45 164
4
6 73
47
673
79
48 168
49 782
87
15 139
Dividends
Divion comdends on mon stock
common to comstock to
mon
commonl
capital
capital
and surplus i
Percent
5.55
3.06
11 33
5.85
4.19
8.00
7 25
6.03
8.07
16.08
10.38
12 48
17.07
12.29
20.96
10.11
Percent
3.66
2.09
7.42
3.91
2.54
5 58
5 20
3.70
5.36
9 46
6.30
5 78
10.30
7.78
16.34
5.59
Net addition to
Net addi- Net addiprofits to
Net addi- tion to
tion to
tion to profits to profits to common
profits to common common and precapital
ferred
common
and precapital
capital i and surferred
plus i
and surcapital i
plus i
Percent
10.36
7.13
15 93
20.81
27.32
15. 95
11 58
9.19
16.97
23.79
26.55
45. 73
29. 90
22.99
29.72
33. 62
Percent
6.83
4.87
10.43
13.92
16.54
11.13
8 30
5.64
11.29
13.99
16.13
21 17
18.04
14.54
23.18
18. 58
Percent
7.24
3.87
13.43
17.13
18.40
13 36
11 58
8.83
14 92
19.00
20.04
33. 85
24.53
21.75
25.80
22.97
Percent
6.32
3.09
9.30
12.17
12.79
9.80
8 30
5.51
10.34
12.18
13.47
18.21
15.94
14.04
20. 72
14.79
si 338
52 467
53 523
54 278
55 1,282
56 1, 337
57 450
216
134
756
89
289
855
87
142
371
362
536
594
292
1,308
1,399
1,066
7,174
8,496
10.59
6.72
22.58
14.32
18.13
12.39
58 664
1 125
59 531
60 1, 468
4, 225
10, 037
61245
62 126
88
63 120
149
748
1 125
546
1, 612
4,604
10,353
266
149
111
131
193
10.07
8 65
6.30
13.24
13.20
13. 62
14.26
16.78
4.76
1« 80
11.69
6.80
6 72
3.71
8.06
8.33
8.00
10.27
9.02
3.07
13 69
5.95
17.71
18 67
26.80
25.16
16.60
21. 67
22.76
G2.18
25. 41
73 03
41.18
11.97
14 49
15.78
15.32
10.47
12.73
16.39
33.43
16.39
53 18
20.97
13.23
18 67
26.15
19.34
12.40
20.17
14.78
33.40
19.58
65 92
20.92
9.74
14 49
15.56
12.95
8.62
12.19
11.79
22. 85
13.75
49 31
14.05
Total Pacific States
Alaska (nonmember banks)
The Territory of Hawaii (nonw member bank)
© Virgin Islands of the United
{2 States (nonmember bank)
(k
Total (nonmember banks).
1 Total central Reserve cities
Total all other Reserve cities
^ T o t a l country banks, including
nonmember banks
Total United States
21,583
5,785
3,455
11
12
9
307
5
38
37, 955 32,281
18,787
19,838
12.43
7.66
21.37
13.16
18.27
11.92
32
117
1,051
51
51
18.55
8.76
42.55
20.10
42.55
20.10
14
364
298
268
268
8.00
5.28
8.90
5.87
8.90
5.87
1
1
26
10
1
11
4.00
61.90
17.33
15.57
397
441
10
320
330
8.77
5.61
12.08
7.73
11.68
7.57
48,008
48, 598
50,084
53,797
16.82
10.83
8.03
5.93
28.45
21.85
13.57
11.97
25.26
17.95
12.80
10.70
42,373
49, 594
7.64
4.49
19.35
11.36
14.91
9.67
138,979 153,475
10.78
5.88
22.24
12.13
18.05
10.77
318
17
47
15
31,722
42,581
20, 735
35,114
5,930
8,396
5,441
11,702
36,697
38,220
12,108
13,722 100,747 107,320
7,221
111,000
94,069
26,434
30,865 262,368 286,561
14,496
i Capital and surplus as of end of period.
a Includes 3 stock dividends aggregating $53,000.
3 Includes 1 stock dividend of $3,000.
«Includes 4 stock dividends aggregating $56,000.
«Includes 11 stock dividends aggregating $372,000.
s7 Includes 1 stock dividend of $120,000.
Includes 2 stock dividends aggregating $105,000.
8
Includes 2 stock dividends aggregating $68,000.
9
Includes 28 stock dividends aggregating $1,271,000.
J° Includes 1 stock dividend of $50,000.
»2 Includes 1 stock dividend of $1,155/000.
113 Includes 13 stock dividends aggregating $327,000.
Includes 32 stock dividends aggregating $438,000.
"15 Includes 3 stock dividends aggregating $65,000
Includes 2 stock dividends aggregating $7,000.•
i«
Includes 1 stock dividend of $25,000.
17
Includes 8 stock dividends aggregating $107,000.
18
Includes
7 stock dividends aggregating $182,000.
19
Includes 7 stock dividends aggregating $132,000.
20
Includes
3
stock dividends aggregating $26,000.
21
Includes 6 stock dividends aggregating $41,000.
22
Includes
5
stock
dividends aggregating $40,000.
»3 Includes 5 stock dividends aggregating $296,000.
"25 Includes 4 stock dividends aggregating $66,000.
Includes 2 stock dividends aggregating $600,000.
2«7 Includes 52 stock dividends aggregating $319,000.
*8 Includes 1 stock dividend of $100,000.
2 Includes 2 stock dividends aggregating $350,000.
19
Includes 4 stock dividends aggregating $375,000.
s« Includes 5 stock dividends aggregating $73,000.
si Includes 4 stock dividends aggregating $64,000.
32 Includes 4 stock dividends aggregating $42,000.
7,132
63,828
97,793
81,180
98,061
2,076
5,199
33
2.38
104.00
Includes 17 stock dividends aggregating $256,000.
34 Includes 1 stock dividend of $220,000.
35 Includes 23 stock dividends aggregating $982,000.
3
6 Includes 52 stock dividends aggregating $476,000.
37
Includes 3 stock dividends aggregating $15,025,000.
38 Includes 3 stock dividends aggregating $128,000.
39 Includes 1 stock dividend of $200,000.
4° Includes 26 stock dividends aggregating $437,000.
4i Includes 23 stock dividends aggregating $221,000.
«Includes 36 stock dividends aggregating $849,000.
« Includes 26 stock dividends aggregating $470,000.
<4 Includes 11 stock dividends aggregating $35,000.
45 includes 8 stock dividends aggregating $84,000.
4« Includes 6 stock dividends aggregating $12,000.
47 Includes 24 stock dividends aggregating $178,000.
489 Includes 1 stock dividend of $6,000.
4 Includes 24 stock dividends aggregating $199,000.
8° Includes 4 stock dividends aggregating $30,000.
si Includes 4 stock dividends aggregating $124,000.
52 Includes 12 stock dividends aggregating $71,000.
53 Includes 2 stock dividends aggregating $190,000.
«4 Includes 6 stock dividends aggregating $69,000.
« Includes 22 stock dividends aggregating $137,000.
56 Includes 7 stock dividends aggregating $893,000.
5? Includes 2 stock dividends aggregating $450,000.
58 Includes 14 stock dividends aggregating $327,000.
5 9 Includes 10 stock dividends aggregating $61,000.
Co Includes 32 stock dividends aggregating $648,000.
61 Includes 8 stock dividends aggregating $158,000.
62 Includes 3 stock dividends aggregating $19,000.
63 Includes 1 stock dividend of $1,000.
O
M
o
W
a
Earnings and dividends of national banks, by Federal Reserve Districts, for the year ended June SO, 1937
o
[In thousands of dollars]
Grand
District District District District District District District District District District District District
NonNo. 3
No. 6
total
No. 1
No. 2
No. 4
No. 5
No. 7
No. 8
No. 9
No. 10 No. 11 No. 12 member
(592
(338
(272
(493
(317
(613
(516
(529
(317
(407
(668
(231
banks (6 (5,299
banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks)
Capital, par value:
Class A preferred
Class B preferred
Common
-
Total
Surplus
Total capital and surplus
Capital funds 1
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
Rent received
Other current earnings
Total earnings from current operationsExpenses:
Salaries and wages:
Officers
Employees other than officers
Number of officers.
Numbers of employees other than officers
Fees paid to directors and members of
executive, discount, and advisory committees
Interest on deposits of other banks
Interest on other demand deposits
Interest on other time deposits
13,547
2,242
106,928
43,775
6,652
294,322
18,521
1,783
113,725
24,893
888
110,477
11,555
158
59,734
20,469
2,875
64, 532
73,916
917
157,839
6,991
947
46? 872
11,680
1,018
47,370
13,805
447
64,871
16,202
16
67,445
25,543
22
150,984
125 281,012
17,965
3,650 1,288,749
122,717
115,469
344,749
314,534
134,029
137,124
136,258
92,120
71,447
39,652
87,866
35,852
232,672
104,375
54,810
28,919
60,068
29, 731
79,123
39,711
83,663
39,408
3,775 1,587,726
2,052 1,073,154
238,186
659,283
271,153
228,378
111,099
123,718
337,047
83,729
89,799
118,834
123,071
176,549
94,207
270,756
288,561
764,622
333,530
283,293
137,747
145,490
409,630
103,969
103,880
146, 722
148, 790
339,343
6,588 3,212,165
5,827 2,660,880
27,650
60,018
31,172
26,100
18,349
19,103
36,247
13,667
12,044
21, 774
22,579
67,166
863
356,732
20,478
26
718
69,803
49
3,200
35,913
76
596
32,858
89
880
14,022
56
939
13, 657
60
2,404
49,707
62
4,060
11,749
32
1,357
12,652
114
2,781
15,090
85
1,544
11,679
11
1,474
43,216
186
3,006
842
220
331,666
846
23,179
1,067
2,452
2,365
3,547
1,351
4,926
8,322
4,655
9,883
5,211
426
1,456
1,365
3,761
527
215
2,070
1,653
4,231
635
63
1,114
1,471
1,903
348
206
1,218
1,717
3,065
345
779
8,869
4,637
7,012
1,060
26
463
1,037
1,414
494
62
1,090
1,113
1,586
586
12
1,280
2,998
3,485
555
31
531
1,918
3,472
346
682
4,912
4,392
6,709
1,560
12
2
32
57
22
8,477
33,779
29,353
50,125
13,040
59,654
166,067
75,292
68,731
38,235
41, 775
112, 433
30,239
32,028
46,823
42,041
131,829
2,050
847,197
6,651
9,548
1,469
16,932
30,942
8,079
7,007
8,947
2,078
6,824
9,151
8,009
4,483
5,055
1,888
4,939
6,564
1,878
11,084
20, 614
8,564
3,889
4,166
1,815
4,830
4,733
1,576
7,120
6,843
8,585
6,239
5,757
8,076
12,964
22,746
8,295
285
297
58
93,247
135,383
24,805
6,826
6,685
8,979
5,804
14,870
8,547
8,944
5,470
4,499
16,829
187
97,618
932
133
529
16,282
387
311
468
13,769
264
93
163
7,171
236
91
370
5,182
367
59
617
13,152
178
63
148
4,447
311
92
155
5,173
237
60
346
4,102
195
8
362
2,834
314
140
683
27,015
6
2
425
4,661
1,377
4,788
124,918
6,782
457
194
88
7,905
19,246
777
133
857
17,461
Interest and discount on borrowed money.
Real estate taxes
Other taxes
Other expenses
_
Total current expenses..
Net earnings
Recoveries, profits on securities sold, etc.:
Recoveries on loans
Recoveries on bonds, stocks, and other
securities
Profits on securities sold
Allother
32
5,124
4,833
35,820
31
7
15
55
29
12
1
7
26
7
1,643
2,054
10,824
58
1,543
3,636
11,250
1,445
4,021
11,894
659
1, 559
6,316
1,314
1,276
8,824
2,058
5,079
21,288
853
1,305
5,454
774
1,710
6,364
1,102
2,028
9,564
1,683
1, 710
8,320
3,068
3,892
22, 591
38
56
245
21,304
33,159
158,754
39, 396
112,937
60,290
48,277
25,778
28,851
74,347
20,515
24,143
31,409
27,134
93, 420
1,354
577,851
20,258
53,130
25,002
20,454
12,457
12,924
38,080
9,724
7,885
15,414
14,907
38,409
696
269,346
«p
280
4,300
21,150
2,128
4,063
1,683
1,581
11,605
1,541
2,611
3,858
4,410
5,278
35
64,243
§
4,676
9,284
1,600
30,332
29,339
3,670
2,518
11,897
1,315
4,462
9,812
777
1,309
8,127
722
2,404
5,265
543
9,693
19,797
3,057
2,899
4,166
636
1,993
3,067
747
2,824
3,887
1,000
2,077
4,068
838
8,014
16,056
2,362
7
93
7
73,208
124,858
17,274
H
o
h=j
19,860
84,491
17,858
19,114
11,841
9,793
44,152
9,242
8,418
11, 569
11,393
31, 710
142
_
40,118
137,62i
42,860
39, 568
24, 298
22, 717
82,238
18,966
16,303
26,983
26,300
70,119
838
279,583
. ... , .
548,929
fe
Losses and depreciation:
On loans_._
On bonds, stocks, and other securities
On banking house, furniture and fixturesOther losses and depreciation
10,593
8,268
1,898
2,474
30,344
24,802
5,701
7,151
9,985
8,007
1,835
2,529
7,884
8,335
2,064
2,277
2,574
7,816
964
1,107
3,074
4,629
1,280
1,040
11,443
9,569
3,981
3,182
2,385
4,084
938
764
2,616
4,785
1,101
836
3,589
4,365
1,796
1,109
4,622
3,651
1,374
1,263
21, 573
5,741
3,455
7,118
318
17
47
15
Total
Total net earnings, recoveries, etc
23,233
67,998
22,356
20, 560
12,461
10, 023
28,175
8,171
9,338
10, 859
10, 910
37,887
397
Net addition to profits
16,885
69,623
20,504
19,008
11,837
12, 694
54, 063
10, 795
6,965
16,124
15, 390
32, 232
441
286,561
Dividends:
On preferred stock.
On common stock..
854
»9,926
991
2,665
3 34, 391 * 11,811
1,233
«6,109
525
6 5,218
3,010
1,130
7 5,189 8 25, 005
632
1,049
12 6, 353 is 18, 770
10
320
12,802
7,342
5,743
19, S19
330
Total.
10,780
37, 056
6,319
28, 015
774
398
1,225
« 4, 213 io 4, 546 ii 7,128
4,611
5,320
8,353
6,985
M
a
111, 000
94,069
26,434
30,865
262,368
Total
H
O
fej
fr
H
O
t~
w
14,496
138,979
153,475
~
£
H}
1
Represents aggregate book value of capital stock, surplus, undivided profits, reserves for contingencies, reserves for dividends payable in common stock, and retirement fund for
preferred
stock.
2
Includes 23 stock dividends aggregating $734,000.
*Includes
39 stock dividends aggregating $2,822,000.
4
Includes 26 stock dividends aggregating $296,000.
«Includes
37 stock dividends aggregating $753,000.
6
Includes 26 stock dividends aggregating $472,000.
7
Includes
26 stock dividends aggregating $1,085,000.
8
Includes 120 stock dividends aggregating $17,504,000.
•Includes 29 stock dividends aggregating $415,000.
io Includes 75 stock dividends aggregating $1,205,000.
» Includes 107 stock dividends aggregating $2,383,000.
12 Includes 65 stock dividends aggregating $1,258,000.
13 Includes 68 stock dividends aggregating $1,214,000
o
Earnings and dividends of national banks, by Federal Reserve Districts, for the year ended June SO, 1937— Continued
[In thousands of dollars]
to
to
Non- Grand
District District District District District District District District District District District District
No. 9
No. 7
No. 8
No. 10 No. 11 No. 12 member total
No. 6
No. 3
No. 4
No. 5
No. 1
No. 2
(668
(272
(529
(317
(407
(493
(231
(592
(338
banks (6 (5,299
(317
(613
(516
banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks)
Ratios:
Dividends on common stock to common Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent
15.84
8.04
10.99
9.42
8.99
9.60
capital
11.68
10.39
5.53
10.78
9.28
12.43
8.74
8.77
Dividends on common stock to common
9.54
6.82
3.02
5.17
5.56
5.90
5.95
4.46
5.25
capital and surplus
7.66
5.65
4.71
5.88
5.61
Dividends on preferred stock to pre4.02
8.60
4.84
5.01
6.10
3.90
6.41
4.78
4.10
ferred capital
4.88
4.48
5.28
4.85
8.00
Dividends on preferred and common
12.04
7.19
8.41
8.86
10.56
8.35
11.23
8.78
9.55
stock to preferred and common capital.
5.39
10.75
8.04
9.67
8.74
Dividends on preferred and common
5.84
3.84
4.34
6.84
4.43
5.12
4.69
3.74
5.69
stock to capital funds
4.85
2.59
4.78
4.17
5.01
Dividends on preferred and common
stock to preferred and common capital
8.31
5.92
7.32
7.03
5.68
5.66
and surplus
_
4.53
4.72
3.21
5.51
5.62
5.17
5.11
5.77
Net addition to profits to common
34.25
21.35
12.08
capital.
_
14.70
24.86
22.82
18.03
19.67
23.03
22.24
15.79
23.66
17.21
19.82
Net addition to profits to common capi20.62
13.15
tal and surplus
12.65
9.03
15.42
14.40
7.73
12.13
14.24
7.59
11.44
8.17
9.38
11.91
Net addition to profits to common and
23.24
14.45
11.60
18.26
11.68
18.05
preferred capital
_
20.38
18.40
19.70
13.76
20.20
15.30
13.95
16. 57
Net addition to profits to common and
7.57
10.77
12.89
7.76
11.90
preferred capital and surplus
7.56
lf>. 04
13.57
12.50
S.32
10.65
10.26
7.09
10.56
8.92
10.38
10.34
13.20
10.99
9.50
6.15
6.71
8.59
Net addition to profits to capital funds. 9.11
6.70
6.69
8.72
5.85
106. 39
111. 01
141. 95
104. 61 103. 24
83.92
92.93
95.02
Net addition to profits to net earnings.— 83. 35 131.04
82.01
88. 33
63.36
98.22
68.21
64.54
67.84
66.13
67.08
70.24
67.42
70.86
66.79
Expenses to gross earnings
68.01
75.38
66.04
69.06
66.05
NOTE .--The capital, surplus, and capital funds used in this table are as of end of period.
w
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o
Earnings and dividends of national banks, by size of banks, for the year ended Dec. 81, 1936
TOTAL UNITED STATES
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31,1936, of—
Number of banks
Total deposits
Capital, par value:
Class A preferred
Class B preferred
Common
_
_
_„
__
Total
Surplus...
Total capital and surplus
Capital funds
3
_
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
Rent received
Other current earnings
Total current earnings
Operating
less than1
1 year
Total«
$100,000
and
under
$100,001
to
$250,000
$250,001
to
$500,000
38
2,937
424
79, 305
1.026
384,803
774
479, 658
25
1,100
1,760
79
12,452
8,375
613
37,869
8,455
575
38, 926
8,764
733
35, 054
28,391
2,602
103, 824
46,454
4,323
143,362
99, 767
7,835
274,199
113,380
2,500
620,954
315,371
19,260
1,267,740
1,580
60
7,080
316 951
19,320
1,274,820
1,125
186
14,291
4,136
46,857
17,415
47,956
20, 737
44, 551
19, 942
134,817
65,852
194,139
115,203
381,801
197,874
736,834
604,137
1,602,371
1,045,482
8,720
2,905
1, 611,091
1,048,387
1,311
18,427
64,272
68,693
64, 493
200,669
309,342
579,675
1,340,971
2,647,853
11,6£6
2, 659,478
1,384
20,129
73,343
80, 504
75,533
234,120
363,866
695,443
1, 622,464
3,166, 786
13, 360
3,180,146
181
2,837
10,374
11,432
10, 050
30, 093
45,382
82,853
153, 277
346,479
906
347,385
25
1,025
4
273
5, 712
17
983
7,638
20
936
8,050
26
762
25,836
128
1,933
40,117
144
2,591
76,896
288
5,239
160,331
273
9,529
325,630
900
22,262
645
5
103
326,275
905
22,365
11
4
2
204
143
71
11
804
707
201
15
950
925
202
2
55
873
827
238
22
512
2,801
2,995
696
48
1,630
4,447
5,489
1,039
468
7,238
8,797
14, 457
2,571
7,127
22,180
8,450
22,535
8,006
7,667
31, 643
27,337
48,082
13,024
33
131
61
25
7,667
31,676
27,468
48,143
13,049
237
4,559
18,809
22,118
20,883
65, 016
100,887
198,807
391,708
823,024
1,909
824,933
16
$500,001 $750,001 $1,000,001 $2,000,001 $5,000,001 $50,000,001
to
to
to
to
$750,000 $1,000,000 $2,000,000 $5,000,000 $50,000,000 and over
553
1,093
836
480, 521 1,547,611 2, 548,988
Total
5,312
69
499
6,364, 577 15, 682,465 27, 570,865
19
5,331
98,278 27, 669,143
I
1-3
H
a
o
3
w
a
a
See footnotes at end of table.
CO
Earnings and dividends of national banks, by size of banks, for the year ended Dec. SI, 1936—Continued
to
TOTAL UNITED STATES—Continued
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31,1936, of—
Expenses:
Salaries and wages:
Officers
- - .Employees other than
officers..
._
4
Number of officers
Number of employees other than officers *-._
Fees paid to directors and members of executive, discount, and advisory committees
Interest on deposits of other banks
Interest on other demand deposits
Interest on other time deposits
Interest and discount on borrowed money
Real-estate taxes
Other taxes __
Other expenses
_
Total current expenses.__
Net earnings
Recoveries, profits on securities sold, etc.:
Recoveries on loans
__
Recoveries on bonds, stocks, and other securities
Profits on securities sold
Allother
Total
Total net earnings, recoveries, etc
Losses and depreciation:
Onloans..
On bonds, stocks, and other securities
On banking house, furniture and fixtures
Other losses and depreciation
Total
Net addition to profits
$100,000
and
under
$100,001
to
$250,000
$250,001
to
$500,000
77
1,301
230
985
459
4,242
1,255
2,753
1,865
8
71
25
$500,001 $750,001 $1,000,001 $2,000,001 $5,000,001 $50,000,001
to
to
to
to
to
$750,000 $1,000,000 $2,000,000 $5,000,000 $50,000,000 and over
4,255
1,726
2,890
2,080
3,604
1,837
1,760
1,989
9,616
6,907
3,912
6,227
12,638
12,861
8,713
9,979
21,545
31,452
4,208
22,815
33,139
74,471
4,547
48,124
90,417
130,747
24,334
93,563
781
949
2,141
42,837
8
9,662
14, 224
76,400
254, 612
4,387
1,422
5,137
126,118
254
21, 519
27, 916
155, 572
563,489
137, 096
259, 535
40
1
211
9
258
15
219
16
689
43
955
89
146
202
167
501
524
12
32
522
1
8
4
122
2,997
16
462
4,192
26
530
4,501
13
472
649
724
664
3,869
15,797
3,578
15, 071
14, 273
80
1,748
1,826
10,850
46, 533
22,668
61
2,818
2,952
17,021
72, 587
1,232
300
1,424
34,116
45
5,697
6,698
39,277
141, 786
6,321
5,812
18,483
28,300
57, 021
2
Total
Operating
less than Total»
1 year*
315
90, 732
131,040
24,404
93,763
13
1,524
4,400
1,422
5,149
126,430
264
21, 558
27,965
156, 053
565,013
385
259,920
293
70
200
12
312
10
39
49
481
8
61
171
938
177
3,361
3,578
13,565
60
1,198
5,244
17
278
1,078
1,117
823
2,982
5,645
15,069
42, 558
69, 567
91
69, 658
8
103
647
2,272
1,035
3,049
1,126
3,520
3,470
11, 092
14, 213
37,396
3,426
70,104
92,998
80, 729
5,157
221, 442
120,300
157, 595
12,166
359, 628
234
595
120, 534
157,832
12,199
360, 223
1
1
333
44
203
396
207
778
27
758
4,200
5,597
5,676
18,322
6,700
19, 203
1,954
33, 502
87
1,956
9,444
11,918
11,488
36,805
61, 802
127,125
358, 538
619,163
980
620,143
42
5
614
160
2,119
1,062
650
501
4,332
2,397
1,437
728
641
5,203
1,945
1,915
667
477
5,004
7,048
6,213
2,217
2,233
17,711
12, 666
12, 264
3,414
4,174
32,518
24,832
26,130
6,862
8,165
65,989
102, 824
42, 353
11, 651
17,144
173,972
154,487
91, 539
26,380
33, 464
305,870
127
225
60
181
126
1,081
60
35
447
154,614
91,764
26,440
33, 499
306,317
27
875
5,112
6,715
6,484
19,094
29,284
61,136
184,566
313, 293
533
313,826
10
3
237
33
Dividends:
On preferred stock.
On common stockTotal.
8,788
13 72,853
18,146
117,725
20
M144
18,166
117,869
25,280
81, 641
135, 871
164
136,035
Percent
7.52
Percent
11.73
Percent
9.29
Percent
2.03
Percent
9.25
4.00
4.37
5.95
5.09
1.44
5.07
4.30
4.20
4.34
7.58
5.42
1.22
5.40
5.61
6.43
6.62
11.08
1.88
8.44
3.45
3.23
3.43
3.64
5.03
4.29
1.23
4.28
4.65
17.25
4.04
18.50
3.77
18.39
4.03
4.36
20.43
22.30
6.09
29.72
5.13
24.71
1.41
7.53
5.12
24.62
9.25
11.25
11.78
11.25
11.33
12.95
15.08
13.54
5.34
13.51
6.12
10.91
14.00
14.55
14.16
15.08
16.01
25.05
19.55
6.11
19.48
4.75
4.35
73.04
73.72
7.95
6.97
97.48
72.12
9.78
8.34
106.23
71.42
10.05
8.58
111. 56
72.17
9.52
8.16
103.31
71.57
9.47
8.05
103.48
71.95
10.55
13.76
11.38
134. 63
65.00
11.83
9.89
120. 71
68.47
4.58
3.99
138. 44
79.83
11.80
9.87
120. 74
379
2,812
435
»2,170
1,333
6, 225
2,131
« 10,348
3,191
2,605
7,558
12,479
Percent
5.80
Percent
7.22
Percent
6.19
Percent
6.00
Percent
7.22
2.92
3.97
4.71
3.95
3.67
3.59
3.88
4.20
4.58
3.86
5.43
6.65
5.85
2.74
3.47
3.96
2.99
7.03
3.96
13.50
5.27
22
«485
22
551
349
' 2,195
2,544
Percent
3.89
Ratios:
Dividends on common stock to common Percent
capital
_
2.00
Dividends on common stock to common capital and surplus
_
1.71
Dividends on preferred stock to preferred
capital
Dividends on preferred and common stock to
preferred and common capital
1.96
Dividends on preferred and common stock to
capital funds
_
1.59
Dividends on preferred and common stock to
preferred and common capital and surplus.
1.68
Net addition to profits to common capital
2.45
Net addition to profits to common capital and
surplus
__
2.10
Net addition to profits to common and preferred capital
_
2.40
Net addition to profits to common and preferred capital and surplus
2.06
Net addition to profits to capital funds
1.95
Net addition to profits to net earnings
45.00
Expenses to gross earnings
74.68
8
0
4,665
12 20, 615
8.79
107. 22
71.35
W
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68.49
1 Includes also figures of first six months for banks which were inactive on Dec. 31, 1936.
2 The difference of $60,746,000 in total deposits, $1,180,000 in class A preferred stock, $10,000 in class B preferred stock, $4,890,000 in common stock, $1,805,000 in surplus and $9,136,000
in capital funds between figures shown in this column and in Dec. 31,1936, abstract of reports of condition, is due to the inclusion in this column of all figures (except number of banks)
of banks which were active on June 30, 1936, but were inactive on Dec. 31, 1936.
3 Represents aggregate book value of capital stock, surplus, undivided profits, reserves for contingencies, reserves for dividends payable in common stock, and retirement fund for
preferred
stock.
4
Number at end of period.
a6 Number of full-time and part-time employees at end of period.
Includes 4 stock dividends aggregating $32,000.
7
Includes 57 stock dividends aggregating $373,000.
8
Includes 60 stock dividends aggregating $568,000.
• Includes 42 stock dividends aggregating $335,000.
i° Includes 68 stock dividends aggregating $1,084,000.
n Includes 63 stock dividends aggregating $2,430,000.
12 Includes 50 stock dividends aggregating $4,782,000.
is Includes 8 stock dividends aggregating $6,370,000.
1* Includes 3 stock dividends aggregating $45,000.
NOTE.—The total deposits, capital, surplus, and capital funds used in this table are as of Dec. 31, 1936, for 5,331 active banks on that date, together with figures as of June 30,
1936, for 52 banks which were active on June 30,1936, but were inactive on Dec. 31,1936.
o
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to
o
National-bank investments in U. S. 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 SO, 1918 to 1937, inclusive
to
[In thousands of dollars]
Percentage of losses
charged off—
Year ended June 30—
1918
1919
1920
1921
1922
1923
1924
1925...
1926
1927
1928
1929
1930
1931
1932
1933..
1934
1935
1936
1937
_
.
-
_
.
__
_
_
..
.
_.
_
...
U. S. Government
securities
Other bonds
and securities
Total bonds
and securities
Loans and
discounts
(including
rediscounts)
2,026,663
2,942,576
2,138,615
1,919,173
2,242,984
2,658,894
2,449.236
2,515,083
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
7,173,007
8,447,364
8,219,195
1,810,831
1,868,912
1,912, 281
2,002,754
2,274,969
2,372,880
2,657,985
3,190,147
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, 543,379
4,035,261
3,903,092
3,837,494
4,811,488
4,050,896
3,921,927
4,517,953
5,031,774
5,107,221
5, 705,230
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
10,716,386
12,482,625
12,122,287
10,152,126
11,013,227
13,620,634
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
7,365,226
7,759,149
8,807,782
Losses
Losses
charged off charged off On bonds On account
on bonds
on loans
loans and
and secuand secuand disdiscounts
rities to
rities
counts
to total
total bonds
loans and
and secudiscounts
rities
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
136,743
i 93,339
94,069
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
188,237
l 154,964
111, 000
1.16
.58
1.53
1.94
.74
.44
.48
.44
.41
.43
.41
.65
.89
1.55
2.80
3.21
2.59
1.28
».75
.78
0.33
.32
.23
.63
1.20
1.02
.86
.75
.70
.62
.61
.59
.70
1.42
2.52
2.85
4.93
2.56
12.00
1.26
sn
8
§
W
d
1
Revised figures.
a
Number of national banks, capital, surplus, capital funds, net addition to profits, dividends, and ratios, 1869 to 19S7, inclusive
£In thousands of dollars]
Dividends
Capital, par value
Number of
banks Preferred
stock
6 m o n t h s ended A u g . 31,
1869
Year ended A u g . 31:
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
-
Common
stock
Surplus
Capital
funds l
Net addition to On pre- On common
ferred
profits
stock
stock
Ratios
Dividends on
preferred
stock to
preferred
capital
DiviNet addition to profits
dends on Total
common dividends
To comstock to to capi- To com- mon
and To capicommon tal funds mon cap- preferred
tal funds
capital
ital
capital
1,619
422, 659
82,219
548,691
29,221
21,768
Percent
5.15
Percent
3.97
Percent
6.91
1,612
1,723
1 853
1 968
L983
2,076
2 091
2 078
2,056
2,048
2,076
2 115
2,239
2 417
2,625
2 689
2,809
3 r 014
3,120
3 239
3,484
3,652
3,759
3,807
3 770
3, 715
3 689
3 610
3 582
3,583
3 732
4,165
427,236
450,331
470, 543
490,110
491,004
501, 569
500,394
481,045
470,393
455,245
455,909
460,228
477,185
500,298
522, 516
526, 274
539.109
571,649
588,384
605,852
642,074
672,904
684,678
685, 787
671,091
658,224
651,145
632,153
622,017
604,865
621, 536
645, 719
91,690
98,322
105,182
116,847
126,239
133,169
131,897
124,714
118,179
114,321
118,102
126, 680
131,079
138,332
145,763
146,524
153, 643
172,348
183,106
196,912
212, 615
227,199
238,240
249,138
245,728
247,782
248,368
246,404
247,935
248,146
256,249
274,194
561,788
594,188
625,959
662,264
675, 576
686,898
678,900
656,267
629,055
615, 369
624,455
641,592
660,393
706,984
738,877
725,028
760,415
806,292
841,787
875,297
934,543
987,551
1,011,145
1,028,870
1,001,388
987, 228
982,997
962,420
954,989
947,187
1,013,084
1,062,459
55,811
54,558
58, 076
65,048
59,581
57,936
43, 638
34,867
30,606
31, 552
45,186
53, 623
53,322
54,007
52,363
43, 625
55,166
64, 507
65,360
69,618
72,056
75,764
66, 658
68, 751
41, 955
46,867
49,742
44,274
50,033
54,347
87, 277
81,854
42, 559
44,330
46, 687
49, 649
48,459
49,069
47,376
43, 921
36,941
34,943
36, 411
38, 378
40, 792
40, 679
41, 255
40, 656
42,413
44,153
46, 532
46, 618
51,159
50,795
50, 401
49,633
45, 333
45,970
45, 526
42, 394
44,292
46, 692
48,033
51,700
9.96
9.84
9.92
10 13
9.87
9.78
9.47
9.13
7.85
7.68
7.99
8.34
8.55
8.13
7.90
7.73
7.87
7.72
7.91
7.69
7.97
7.55
7.36
7.24
6.76
6.98
6.99
6.71
7.12
7.72
7.73
8.01
7.58
7.46
7.46
7 50
7.17
7.14
6.98
6.69
5.87
5.68
5.83
5.98
6.18
5.75
5.58
5.61
5.58
5.48
5.53
5.33
5.47
5.14
4.98
4.82
4.53
4.66
4.63
4.40
4.64
4.93
4.74
4.87
13.06
12.12
12.34
13 27
12.13
11.55
8.72
7.25
6.51
6.93
9.91
11.65
11.17
10.79
10.02
8.29
10.23
11.28
11.11
11.49
11.22
11.26
9.74
10.03
6.25
7.12
7.64
7.00
8.04
8.98
14.04
12.68
Percent
Percent
Percent
5 33
9 93
9.18
9 28
9 82
8.82
8.43
6 43
5.31
4.87
5.13
7.24
8.36
8.07
7 64
7.09
6.02
7.25
8.00
7.76
7.95
7.71
7.67
6.59
6.68
4.19
4.75
5.06
4.60
5 24
5.74
8.61
7.70
i Represents aggregate of capital stock, surplus, undivided profits and reserves. In the years 1869 to 1933, inclusive, the amount of capital stock included in capital funds consists
of the par value thereof, whereas subsequent to 1933 only the book value of capital stock is included in capital funds.
I
W
O
O
W
O
3
Number of national banks, capital, surplus, capital funds, net addition to profits, dividends, and ratios, 1869 to 1987, inclusive—Continued
[In thousands of dollars]
Dividends
Capital, p a r value
Number of
banks
Year ended Aug. 31—Con.
1902
1903
1904
1905
1906
10 months ended June 30,
1907
Year ended June 30:
1908
1909
1910
1911 _ . .
1912
1913
1914
1915 _
1916
1917 .
1918
1919
1920 - . .
1921
1922
1923
1924
1925
1926
1927
1928..
1929
1930
1931.
„
1932
1933
—
1934
1935
1936
1937
Preferred
stock
Common
stock
Surplus
Capital
funds i
Net addition to On pre- On comferred
profits
mon
stock
stock
4,535
4,939
5 331
5,668
6,053
701,991
743,506
767,378
791,567
826,130
325,525
359,054
389, 647
413,436
448,858
1,184,368
1,285,690
1 349,016
1,406,858
1,491,293
106,581
109,882
112,936
105,909
127,527
6,429
883,691
534, 795
1,604,104
152, 235
6,824
6,926
7,145
7,277
7,372
7,473
7,525
7,605
7 579
7,604
7,705
7,785
8,030
8,154
8,249
8 241
8,085
8,072
7 978
7,796
7,691
7,536
7,252
6,805
6,150
4,902
5,422
5,431
5,374
5,299
919,101
937,004
989, 567
1,019,633
1,033, 571
1,056,920
1,058,192
1,068, 519
1,066,049
1,082,779
1,098,556
1,118,603
1,224,166
1,273,880
1,307,216
1,328 891
1,334,011
1,369,435
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
1,288,848
1, 254, 762
1,288,749
564,045
590,838
644,857
671,947
693,990
720,607
723,338
722,089
731,389
762,367
809,138
872,226
98fi. 384
1,026, 256
1,048,806
1,070 616
L, 080, 578
L, 118,928
L, 198,899
L, 256,945
L 419.695
1,479,052
1, 591, 339
1,493,876
1,259,425
940,598
854,057
831,846
973, 393
1,073,154
1,667,803
1,744,075
1,850, 970
1,933,134
1,984,398
2,045,668
2,049, 714
2,105,363
2,103 288
2,198, 553
2, 249, 793
2,363,478
2, 622,075
2,796,291
2,848,456
2,875 712
2,916,245
2,970.074
3,089,358
3,239, 539
3,570,988
3, 674, 763
3,976,148
3, 755,730
3,279,848
2,856, 554
3,001,033
3,086,418
3,165, 728
3,212,165
131,335
131,186
154,168
156,985
149,057
160,980
149, 270
127,053
157,543
194,321
212,332
240,366
282,083
216,106
183, 670
203,488
195, 706
223,935
249,167
252,319
270,158
301,804
246, 261
52, 541
2139,780
2 218, 384
2 303, 546
71,372
3 241, 654
286, 561
53,793
412,070
525,122
443,489
298,977
'Deficit.
Ratios
DiviNet addition to profits
dends on Total
common dividends To com- To comstock to to capimon and To capicap- preferred
common tal funds mon
tal funds
ital
capita]
capital
Percent
15.18
14.78
14 72
13.38
15.44
Percent
9.00
8.55
8 37
7.53
8.55
Percent
9 72
8.55
9 85
9.24
10 81
Percent
5.76
4.94
5 60
5.20
5.99
99, 728
11 29
6.22
17.23
9.49
97,336
92,993
105,899
114, 685
120,301
119,906
120, 947
113, 639
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
99,124
72,418
87,241
3105,172
138,979
10 59
9.92
10 70
11.25
11.64
11.34
11.43
10 64
10 76
11.59
11.81
12.12
12.07
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
6.77
8.38
10.78
5.84
5.33
5.72
5.93
6.06
5.86
5.90
5.40
5 45
5.71
5.77
5.74
5.64
5.66
5.82
6.23
5.61
5.56
5.62
5.58
5.75
6.06
5.96
5.63
5.16
3.47
2.53
3.35
3.97
4.78
14.29
14.00
15.58
15.40
14.42
15.23
14.11
11.89
14 78
17.95
19.33
21.49
23.04
16.96
14.05
15.31
14.67
16.35
17.64
17.12
16.95
18.55
14.12
3.11
2
8.91
2 14.92
2 22.88
5.54
19.26
22.24
7.87
7.52
8.33
8.12
7.51
7.87
7.28
6.03
7.49
8.84
9.44
10.17
10.76
7.73
6.45
7.08
6.71
7.54
8.07
7.79
7.57
8.21
6.19
1.40
2 4.26
2 7.64
2 10.11
2.31
7.63
8.92
68,199
63,566
75 589
73,138
89,265
22
3,430
16,176
3 20,432
14,496
Dividends on
preferred
stock to
preferred
capital
Percent
04
.83
3.08
4 61
4.85
•Revised figures.
Percent
214.39
217.46
3.93
14.23
18.05
129
REPORT OF THE COMPTROLLER OF THE CURRENCY
NATIONAL BANKS CLASSIFIED ACCORDING TO CAPITAL STOCK
The following recapitulation concerns tables published in the appendix of this report in relation to the number of active national banks
in Reserve cities and States on December 31, 1936, classified according
to capital stock, with the amount of loans and discounts, including
rediscounts, investments, cash and exchange, including reserve with
Federal Reserve bank, total assets, capital stock, surplus, profits, and
reserves for contingencies, and total deposits.
National banks classified according to capital stock, Dec. 81, 1936
[In thousands of dollars]
Loans
and disNum- counts,
ber of includbanks
ing
rediscounts *
Capital of less than $50,000—.
Capital of $50,000 b u t less
than $200,000
Capital of $200,000 b u t less
t h a n $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
t h a n $50,000,000
Capital of $50,000,000 or more.
Total United S t a t e s . . .
* Includes overdrafts.
Investments
Cash
and exchange,
including reserve
with
Federal
Reserve
bank
Total
assets
Surplus,
profits,
and reTotal
Capital serves deposits
for contingencies
21, 371
334,207
129,
383,910
27, 679
3,120 1,041,108 1, 563,080 1,072,
3, 811, 563
263,433
215, 627 180, 523 2,953,024
970
115,549
127,303
227,044 3,312,221
794
890,198 1,391,389
946,
3, 359, 524
234
628,740
694,
2, 332,469
143,174
1, 588,895 2, 609,734 2,116,
6, 516,340
303, 694 287,650 5,882,444
1, 353, 702 2,326,085 1, 743,
5, 561,437
249,375
337,069 4,928,348
847,474 683,
716, 214
1, 936,804 2,999,110 1, 594,
2,328, 564
6, 776, 634
93,063
302,770
118,857 2,089,967
295,877 6,032,528
915,
103,804 2,075, 658
5,331 I, 271, 21012, 780,044 8,981, 081 31,070,4411, 598,8151,572,195 27,608,397
FEDERAL RESERVE BANKS
Assets and liabilities of the 12 Federal Reserve banks combined, as of the last weekly
statement date in October 1935-37
[In t h o u s a n d s of dollars]
Oct. 30, 1935
Oct. 28, 1936
7,285,303
6,128
4,676
2,430,172
181
507,936
146,908
8,913,929
6,107
3,087
2,430,227
9,451, 301
23,426
2,830
2,526,190
573,806
138,417
622,341
134,391
10, 381,304
12,065, 573
12, 760,479
3,511,319
4,086,242
4,256,097
5,652,989
60,279
296,146
508,913
130,356
168,350
52, 952
6,732,003
99,903
219,649
577,408
130,241
172,589
47, 538
6,950,730
94,046
484, 570
624, 534
132,683
173,469
44,350
10,381, 304
12,065, 573
12,760,479
Oct. 27, 1937
ASSETS
Total reserves
Bills discounted
Bills bought in open market
U. S. Government securities
Other securities.
Uncollected items
All other assets
_
Total
_
"_
LIABILITIES
Federal Reserve notes in circulation . .
Deposits:
Member bank reserve account.
Government
Other—
D eferred availability items _
Capital paid in
Surplus.. _ .
All other liabilities
Total
130
REPORT OF THE COMPTROLLER OF THE CURRENCY
Principal assets and liabilities of the 12 Federal Reserve banks combined, on the last
weekly statement date in each month, from January 1935 to October 1937
[In millions of dollars]
Liabilities
Assets
Deposits
Federal
Federal Reserve
bankU.S.
Total Reserve
in note
Bills GovernMemreserves notes
Bills bought
circulacirculament Total i
bers'
disTotal
tion
open securition, reserve
counted in
market ties
net
Bills and securities
Date
Capital
and
surplus
1986
Jan. 30
Feb. 27
Mar. 27
Apr. 24
May 29
June 26
July 31
Aug. 28
Sept. 25
Oct. 30
Nov. 27
Dec. 31
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2, 430
2,430
2,431
2,460
2,461
2,464
2,468
2,470
2,470
2,470
2,474
2,475
2,474
2,474
2,473
5,647
5,816
5,835
5,998
6,110
6,389
6,515
6,730
6,795
7,285
7,512
7,835
3,068
3,139
3,131
3,146
3,172
3,198
3,262
3,352
3,430
3,511
3,627
3,709
4,542
4,588
4,285
4,719
4,827
5,029
5,100
5,346
5,236
5,653
5,789
5,587
4,792
4,898
4,919
5,064
5,163
5,415
5,478
5,609
5,610
6,009
6,124
303
305
308
307
312
312 .
313
314
299
299
299
300
19S6
Jan. 29
Feb. 26
Mar. 25
Apr. 29
May 27
June 24
July 29
Aug. 26
Sept. 30
Oct. 28.
Nov. 25
Dec. 30
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,430
2,474
2,474
2,472
2,471
2,470
2,470
2,467
2,469
2,471
2,466
2,465
2,463
8,006
8,033
8,034
8,056
8,148
8,243
8,500
8,571
8,659
8,914
9,028
9,112
3,600
3,677
3,732
3,742
3,759
3,980
3,951
3,994
4,049
4,086
4,169
4,279
5,863
5,839
5,059
5,506
5,747
5,308
6,016
6,332
6,357
6,732
6,795
6,572
6,643
6,594
6,546
6,547
6,617
6,489
6,780
6,811
6,844
7,052
7,080
7,076
303
303
303
303
303
303
302
303
303
303
303
303
1937
Jan. 27
Feb. 24
Mar. 31
Apr. 28
May 26
June 30
July 28
Aug. 25
Sept. 29
Oct. 27
2,430
2,430
2,430
2,526
2,526
2,526
2,526
2,526
2,526
2,526
2,460
2,461
2,468
2,564
2,571
2,562
2,566
2,569
2,573
2,572
9,170
9,129
9,141
9,142
9,146
9,159
9,167
9,150
9,454
9,451
4,140
4,168
4,174
4,177
4,184
4,206
4,193
4,235
4,246
4,256
6,773
6,705
6,639
6,934
6,944
6,900
6,776
6,730
7,033
6,951
7,268
7,187
7,186
7,299
7,285
7,278
7,309
7,247
7,542
7,529
305
305
306
306
306
306
306
306
306
306
iIncludes (in addition to bills discounted and bought and United States securities) industrial advances
and other miscellaneous securities.
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, 1937,
disclose there were 21 banks comprising the New York Clearing House
Association with capital of $523,547,000.
Clearings amounted to $194,891,611,115, an increase in the year of
$8,401,347,332, and balances reported aggregating $28,975,696,772
showed an increase in the year of $2,712,641,704. The average daily
clearings amounted to $645,336,461, and the average daily balances
$95,946,016. The percentage of balances to clearings was 14.86.
BEPOET OF THE COMPTROLLER OF THE CURRENCY
131
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, 1937, aggregated $278,961,274,000, an increase in the year of $17,949,357,000. The ratio of
bank clearings in the 12 Federal Reserve bank cities was 78.01 percent
of the total clearings of all banks in 268 reporting cities in the United
States, in comparison with a ratio of 79.38 percent reported for the
year previous.
Clearings of banks in 20 other principal cities, each of which had
clearings in excess of $1,000,000,000, amounted to $51,386,947,000
and showed an increase of $6,825,337,000 over clearings reported for
the same cities in the preceding year. The total clearings of the 268
cities reporting to the New York Clearing House Association in the
current year aggregated $357,587,604,000, as compared with $328,797,129,000 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; exchanges, balances, and percentages of balances to exchanges
by the New York Clearing House, annually since 1914; exchanges of
the reporting clearing houses of the United States for each year ended
September 30, 1914 to 1937; comparative statement of the exchanges
of clearing houses of the United States, by cities, for years ended September 30, 1937 and 1936; and comparative statement of transactions
of clearing-house associations in the 12 Federal Reserve bank cities
and elsewhere in years ended September 30, 1937 and 1936.
ALL ACTIVE BANKS IN THE UNITED STATES AND POSSESSIONS
It has been customary in the past for the Comptroller to obtain
summaries of the returns of all banks other than national in the country for but one date each year, namely, June 30, which together with
the reports of national banks made it possible to include in his annual
reports to Congress the consolidated returns of all classes of banks for
that date. In the year 1936, however, summaries of all banks were
also obtained for the first time as of December 31. The figures shown
in the following statement reflect the assets and liabilities of all banks
in the United States and possessions as of the latter date. (Summaries
by States and classes of banks are published in the appendix of this
report.)
Assets and liabilities of all active banks in the United States and possessions,
' classes, at the close of business Dec. SI, 1986
CO
to
[In thousands of dollars]
Total all
banks
Number of banks
15,704
ASSETS
Loans on real estate
Other loans, including rediscounts..
Overdrafts
_
U. S. Government securities, direct and fully guaranteed
' Other bonds and securities
Banking house, furniture and fixtures
Real estate owned other than banking house
—
Cash in vault
Balances with other banks, including reserve with reserve agents
Other assets
-
8, 500,175
13,104,844
13,108
17,497, 059
10. 700,905
1, 346,665
1,288,396
1,025,586
15,871, 668
772,883
Total assets
National
banks
5,331
1,432,062
6,835, 266
3,882
8, 685, 554
4,094,490
633,095
176, 506
518, 503
8,462,578
228, 505
All banks
other than
national
Banks other than national
State (commercial)1
Mutual
savings
Private
9,682
565
126
7, 068,113
6, 269,578
9,226
8, 811, 505
6, 606,415
713, 570
1,111,890
507, 083
7, 409,090
544,378
2,128,223
6,070, 565
7,789
6,135,414
3,782,432
572,728
411, 535
449, 492
6,779, 626
398,933
4,936,720
97,494
2,356,774
2, 690,183
133,381
698,684
56,025
507,153
97,367
3,170
101,519
1,437
319,317
133,800
7,461
1,671
1,566
122,311
48,078
10,373
70,121,289
31,070,441
39, 050,848
26, 736, 737
11, 573, 781
740,330
24,770,038
23,887, 355
3,358,907
1,124, 463
7,079, 554
934, 697
12, 691, 606
7, 281,494
2,057,872
658, 230
4,450,048
469,147
12, 078, 432
16,605,861
1,301,035
466, 233
2, 629, 506
465, 550
11, 632,420
6,427,964
1,298,635
466, 233
2, 530, 277
464,875
702
10,143, 561
602
445,310
34,336
1,798
147
38
99,082
637
61,155,014
55,456
566
1,215
270, 399
72,157
27,608,897
2,588
62
835
94,630
47,636
S3,546,617
52,868
504
380
175, 769
24, 521
22,820,4.O4.
45,330
501
380
130,160
22,877
10,145,050
3,721
33, 644
390,514
28, 642
116, 641
5,002
273,873
335,081
1,263,734
1,046,582
204,845
189,268
1,300,086
2,687,379
LIABILITIES
Deposits of individuals, partnerships, and corporations:
Demand...
TimeState, county, and municipal deposits
U. S. Government and postal savings deposits__
Deposits of other banks
_
Certified and cashiers' checks, cash letters of credit, etc
-
—.
Total deposits
Bills payable
Rediscounts
Agreements to repurchase securities sold
Acceptances executed by or for account of reporting banks
Interest, taxes, and other expenses accrued and unpaid
Dividends declared but not payable and amounts set aside for undeclared dividends and for
accrued interest on capital notes and debenturesOther liabilities
Capital notes and debentures..
Preferred stock
Common Stock
„•
Surplus
204,845
524, 349
2, 563,820
3,733,961
681,163
3,817
1,635
45, 609
9
2,968
244,952
2,034
24,264
4,657
187, 310
189, 268
1,255,458
1,365,700
17, 535
44,628
33,667
Undivided profits, net
Reserves for contingencies _
__ _
Retirement fund for preferred stock and capital notes and debentures
Total capital account-Total liabilities, including capital account
651,406
448,972
14, 971
307
368, 525
146,467
10, 621
282,881
302, 505
4,350
210,588
256,491
4,350
71,986
19,544
8,142,324
3,171, 010
4,971,314
3, 469,165
1, 397,077
105,072
70,121, 289
31, 070, 441
11,573,781
740,330
_,
39,050,848
26,736,737
26,470
i Includes loan and trust companies and stock savings banks.
NOTE.—The foregoingfiguresfor each class of banks, by States, are published in the appendix of this report.
o
H
The following statement shows a summary of reports of condition of all active banks in the United States and
possessions, by classes, on June 30, 1937:
Assets and liabilities of all active banks in the United States and possessions, by classes, at the close of business June 80, 1987
Banks other than national
Total all
banks
N u m b e r of b a n k s
_
_
_
_
_
_
15,580
National
banks
State
(commercial) i
Mutual
savings
3
Private
5,299
10,281
9,632
564
85
215,188
1,292,082
2, 298, 715
73, 782
354, 545
6, 739, 597
2, 609, 304
53,379
314,672
1, 872, 524
2, 539,197
52, 481
39,048
4,864, 787
26,213
3
825
2,286
43,894
895
358, 776
4, 569, 239
842,103
3, 279, 016
815,136
3,165,910
8,608
72,294
18,359
40,812
8,807,782
5,113
13,877,944
7,337
8,759,920
6,146
5,010,953
8
107,071
1,183
ASSETS
Loans and discounts (including rediscounts):
Real estate loans, mortgages, deeds of trust, and other liens on real estate:
569, 733
On farm land
8,031, 679
On other real estate . __ _ __ __ ._
_ __
4,908,
019
Loans secured by U. S. Government and other bonds, stocks, and securities (exclusive of loans to banks) .
127,161
Loans to banks _ _ _ _ _ _
_
_
Commercial paper bought in open market; acceptances payable in United States, and notes, bills, and
1, 200,879
acceptances payable in foreign countries
_
_
All other loans
_ _- _
7, 848, 255
22,685, 726
Total
12, 450
Overdrafts
_
_
_
_- _.
w
o
o
K
[In thousands of dollars]
All banks
other than
national
O
w
H
o
o
See footnotes at end of table.
CO
CO
Assets of liabilities of all active banks in the United States and possessions, by classes, at the close of business June SO, 1987—Continued
fin thousands of dollars]
Banks other than national
Investments:
U. S. Government securities (direct obligations)
Securities fully guaranteed by U. S. Government as to interest and principal:
Reconstruction Finance Corporation
_
_
Federal Farm Mortgage Corporation
_
Home Owners' Loan Corporation
Total U. S. Government obligations, direct and fully guaranteed
Obligations of—
Federal land banks. _
Federal intermediate credit banks
States, counties, and municipalities
_
Territorial and insular possessions of the United States
_
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..
-..
Banking house, furniture and
fixtures
_
Real estate owned other than banking house
Cash in vault
Amounts due from banks (including reserve with Federal Reserve banks or other reserve agents), cash
items in process of collection, and exchanges for clearing house.
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
Demand deposits:
LIABILITIES
Deposits of individuals, partnerships, and corporations
U. S. Government deposits
State, county, and municipal deposits—
Deposits of other banks and trust companies:
In the United States
In foreign countries.Total
_...
Total all
banks
National
banks
All banks
other than
national
14, 569,033
6,902,521
7,6664 512
5,155,018
223, 299
561. 958
1,614,196
16,968,486
153,189
28S, 099
875, 386
70,110
273,859
738,810
70,110
206,977
555, 578
65,463
180,038
1,419
3,194
8,219,195
8,749,291
5, 987,683
2, 391,027
870,581
212,734
134, 554
3, 572, 402
27, 527
125,494
73, 545
1,451, 629
13, 589
87,240
61,009
2,120, 773
13,938
77, 262
60, 784
1, 244,396
11, 451
9,260
74
828, 413
2,396
718
151
47,964
91
5,183, 643
827,107
347,686
1,822,824
252,046
163,965
3,350,819
575,061
183, 721
1, 569, 794
420, 032
117,956
1, 756,645
126,816
63,338
34,380
28, 213
2,427
27, 274,139
12,122, 287
15,151,852
9, 489,358
5,177, 969
484, 525
1, 349, 208
1, 261,049
635, 670
162,409
444, 598
713, 538
1, 098, 640
572, 706
399,085
456, 597
133, 500
697,998
55, 577
7,332
1,557
1,545
6,108, 759
473,474
154,793
361,585
95, 262
State
(commercial) i
Mutual
savings
Private
2,145, 526
513, 719
958,317
7,933,271
6, 737, 026
14, 670,297
729,883
68, 941,069
30,337,071
503,942
38, 603, 998
26,154,156
11, 644, 741
47,095
805,101
23,698,641
672,885
3,233,847
12, 430,183
379,331
1,973,578
11, 268,458
293,554
1, 260,269
10, 745,037
293, 554
1,257,678
3,752
519,669
""475'
5,892,413
332,001
3,416, 233
266, 661
2,437,179
13, 542
17
33,829,787
18,465, 986
2, 476,180
65.340
15,363,801
14, 746, 990
4,244
225, 941
38,984
51, 798
612,567
CO
t^>
0
H
1
J^
Time deposits (including postal savings):
State, county, and municipal deposits...
Deposits of other banks and trust companies
Other time deposits:
Deposits evidenced by savings pass books:
Certificates of deposit (other than for money borrowed)
Open accounts...Christmas savings and similar accounts
Postal savings deposits
_
_
Total...
I Certified and cashiers' checks (including dividend checks), letters of credit and travelers' checks sold for
cash and outstanding and amounts due to reserve agents (transit account)
Total deposits
Bills payable...
Rediscounts
Agreements to repurchase securities sold
Acceptances executed by or for account of reporting banks
Interest, taxes, and other expenses accrued and unpaid...
_
Dividends declared but not payable and amounts set aside for undeclared dividends and for accrued
interest on capital notes and debentures
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 2
Common stock __
±
Surplus
—
Undivided profits, net
*
Reserves for contingencies
Retirement fund for preferred stock and capital notes and debentures
Total capital account
Total liabilities, including capital account
-
345,414
126,889
229,888
107,693
115, 526
19,196
114,854
18,997
603
199
22,181,865
1, 378,132
878,806
132,882
133, 950
6, 511, 352
591, 423
305, 715
61,352
88,542
15, 670,513
7S6, 709
573, 091
71, 530
45,408
5, 478,972
780, 716
545, 735
51, 348
45,408
10,185, 271
467
2,381
20,158
6,270
5,526
24,975
24
25,177, 938
7,895, 965
17, 281, 973
7,036, 030
10, 209,079
36,864
814,645
403, 962
410,683
409,722
79
59, 822, 370 26, 765, 913
33,056, 457
22,192, 742
10, 213,402
650,313
44, 443
2,005
193
163, 370
19, 738
35, 901
2,005
193
121,066
17,961
2,768
5,774
1,775
42,304
2
52, 411
2,567
869
276, 780
70, 959
7,968
562
676
113, 410
51, 221
45,255
27, 703
17, 552
14, 052
3,500
433,427
157,453
275,974
248,744
19, 513
167, 992
173, 218
1, 266,808
1, 394. 560
235, 857
273, 210
9,847
16,972
298,977
1, 283,154
1, 073,154
389, 233
155, 623
12, 024
184, 964
173, 218
1, 310, 337
2, 627, 330
398, 504
319, 645
10, 268
184, 964
472,195
2, 593, 491
3, 700,484
787, 737
475, 268
22,292
1,200,294
162, 231
23,865
421
8, 236, 431
3, 212,165
5,024, 266
3, 521, 492
1, 403,783
18, 941,069
30,337,071
38, 603, 998
26,154,156
11,644, 741
7,717
43,529
32, 476
416
22, 570
805,101
1
Includes loan and trust companies and stock savings banks, which were shown separately in reports prior to 1936. See reference to consolidation of statements of these 3 classes
of banks
made on p. 153.
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, 1937, aggregated $1,288,749,000.
8
s
o
w
o
^
o
d
The following table shows the approximate population of each State, number of active banks, assets and liabilities,
a classification of loans and discounts, investments, capital and demand and time deposits, June 30, 1937. (Summaries
by States and classes of banks are published in the appendix of this report.)
CO
C7I
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1987 (includes National, State (commercial),
savings, and private banks) l
Assets (in thousands of dollars)
Population Num- Loans and
(approxi- ber of discounts
mate)
banks (including
rediscounts)
Location
Maine
New Hampshire
Vermont
_
Massachusetts
Rhode Island
Connecticut
_
Total New England States.
New York
New Jersey
Pennsylvania
Delaware
^
Maryland
_
District of Columbia
Total Eastern States
Virginia
West Virginia.
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
_.
_.
_
Total Southern States
Ohio
Indiana
Illinois
859,000
512,000
383,000
4,456,000
686,000
1,746,000
103
109
91
395
35
196
111, 123
99,447
87,984
1,883, 797
181,670
603,871
Overdrafts
Investments
10
3
12
101
7
25
209,887
173,603
78,714
1,832,867
284,461
563,324
Banking
house,
furniture
and
fixtures
Real estate
owned
other than
banking
house
Cash in
vault
3,996
4,062
3,413
67, 733
16,665
30,360
4,747
8,892
20,491
175, 248
9,884
58,232
6,784
3,544
2,796
50,372
9,047
22,802
Amounts
due from
banks *
49,278
24,632
17,782
494, 085
50,260
159,262
Other
823
372
1,574
37,052
2,087
8,281
Total
assets
386,648
314,555
212,766
4, 541,255
554,081
1,446,157
8,642,000
929
2, 967,892
158
3,142,856
126,229
277,494
95,345
795,299
50,189
7,455,462
13,026,000
4, 359,000
10,208,000
261,0Q0
1,686,000
623,000
910
416
1,122
48
199
22
8,463,773
750,210
1,548,274
78,767
210,090
5,128
52
104
6
16
35
8,691, 770
996, 506
3,025,916
103,143
470,406
142,309
392,194
75,996
164,435
3,929
16.224
15.225
476,314
105,127
148,941
2,526
7,867
4,272
151,647
41,744
91,857
3,289
13,421
9,060
4,819,515
344, 740
1,170,153
47,442
195, 360
80, 622
394, 798
14,359
65,471
559
3,152
884
23,395,139
2,328,734
6,215,151
239,661
916,536
355,296
30,163,000
2,717
11,154,003
5,341
13,430,050
668,003
745,047
311, 018
6, 657,832
479, 223
33,450,517
2,690,000
1,843,000
3,481,000
1,873,000
3,082,000
1,654,000
2, 884,000
2,022,000
2,137,000
6,160,000
2,037,000
2,904,000
2,884,000
323
186
239
151
285
162
217
207
146
874
223
437
312
262,344
124,527
147,823
48,646
202, 657
75,532
105,285
58,977
121,352
430,312
53,059
212,368
192,385
48
38
319
16
41
619
201
737
74
154
190
188,370
98,457
146, 747
52,699
93,913
167,482
102,900
77,318
173,308
442,260
61,801
161,040
155,158
17,829
9,669
9,385
2,460
14,145
9,038
7,814
4,775
9,961
38,132
3,187
9,812
15,490
8,031
7,685
3,699
1,312
6,436
2,331
7,442
2,720
3,339
10,456
2,362
7,189
6,381
13, 752
9,668
11, 711
5,307
9,604
10,465
8, 062
5,984
9,152
28,101
4,072
14,838
9,855
147,526
88,070
108,137
47,072
115, 062
115,629
79, 685
54, 808
148,519
528,195
62,890
119,482
164,990
2,829
1,426
3,019
804
1,158
1,731
1,878
2,708
3,128
3,144
671
8,155
3,180
640,729
339,535
430,529
158,338
443.294
382,224
313,107
207,909
468,960
1,481,337
188,116
533,038
547,629
35,651,000
3,762
2,035,267
2,478
1,921,453
151,697
69,383
140,571
1,780,065
33,831
6,134,745
63,751
22, 537
49,345
37,668
12,954
18,505
63,299
27,380
64,089
569,531
229,675
1,250,192
10,133
2,321
34,446
2,623,665
953,204
4,312,761
6,761,000
3,483,000
7,900,000
713
530
882
841,600
257,907
999,878
132
47
291
1,037,551
400,383
1,896,015
CO
Michigan
Wisconsin
Minnesota.
Iowa..
Missouri
.
.
.
.
.
_
..
__
_
Total Middle Western States
North Dakota
South D a k o t a . . . .
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
_
Virgin Islands of the United States
Total possessions
Total United States and possessions
_
.
4,817,000
2,929,000
2,653,000
2,561,000
3,987,000
470
605
688
660
668
354,172
249,612
294,864
236, 012
433,750
90
83
195
102
203
744,001
467,454
445, 580
242,734
580,634
26,314
20,941
18,373
9,989
19,282
8,835
7,900
3,827
2,103
14,519
40,933
20,474
13,778
15,859
19,601
397,472
222,819
265,318
172, 580
458, 641
5,970
4,386
4,838
1,071
4,893
1,577,787
993,669
1,046,773
680,450
1, 531,523
35,091,000
5,216
3, 667,795
1,143
5,814, 352
230,532
106,311
265,413
3,566,228
68,058
13,719,832
708,000
697,000
1,374,000
1,899,000
535,000
235,000
1,073,000
425,000
2,546,000
191
181
432
701
117
58
149
41
401
24,630
33,449
107,046
138,789
30,907
23,800
81,373
17,159
130,812
25
49
84
143
50
28
48
16
123
33,715
119,539
140,107
61, 985
18,975
128,327
20,226
150, 540
2,742
2,943
7,897
10, 626
3,574
1,431
4,505
1,171
10, 076
1,145
831
778
2,749
468
172
935
175
562
1,764
2 211
5,182
7,705
3,537
2,048
7,194
1,730
6,813
16, 745
24,856
109,759
155,362
46,957
19,549
129, 645
19,119
195, 738
362
599
1,053
1,322
455
85
939
71
1,063
81,128
99 482
351,338
456,803
147,933
66,088
352,966
59,667
495,727
9,492,000
2,271
587,965
566
707,958
44,965
7,815
38,184
717, 730
5,949
2,111,132
1,655,000
1,024,000
6,102,000
488,000
519,000
101,000
409,000
179
80
238
53
59
10
13
194,287
82, 588
1,716,291
26,653
53,695
7,598
24,759
172
71
1,781
44
118
18
15
210,221
141, 232
1,662,985
43,648
58,932
15,110
32,490
9,629
6,702
97,853
1,946
2,240
683
1,622
1,858
1,166
44,339
137
654
67
726
11,153
6,486
42, 057
2,946
2,175
1,169
2,783
137,325
71,417
772, 034
27, 714
45,933
10, 539
26, 510
2,061
2,062
28,839
673
361
167
383
566, 706
311,724
4,366,179
103,761
164,108
35 351
89,288
10,298,000
632
2,105,871
2,219
2,164,618
120,675
48,947
68,769
1,091,472
34,546
5,637,117
62,000
399,000
1,774,000
13,439,000
22,000
13
13
13
13
1
5,357
40,580
24, 660
95,784
552
14
21
510
5,709
54,075
3,012
29,419
637
421
3,270
1,026
2,377
13
71
1, 557
1,198
3,221
5
1 496
7,519
6 324
23,492
186
137
1,847
31,836
24,251
16
O
H
w
o
o
17 088
130, 359
76 061
207,087
1,669
15,696, 000
53
166,933
545
92,852
7,107
6,052
39, 017
61, 671
58,087
432,264
. 145,033,000
15,580
22, 685, 726
12,450
27, 274,139
1,349,208
1,261, 049
958,317
14, 670,297
729, 883
68,941, 069
i Includes also loan and trust companies and stock savings banks.
* Includes reserve with Federal Reserve banks or other reserve agents, cash items in process of collection, and exchanges for clearing house.
3 883
21,490
7,495
28,543
260
O
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H
W
O
d
3
a
CO
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1937 (includes national, State (commercial),
savings and private banks)*—Continued
Liabilities (in thousands of dollars)
Location
Time
Demand deposits
(includdeposits ing postal
savings)
Certified
and cashiers'
checks,
cash
letters
of credit, Total deand
posits
amounts
due to
reserve
(transit
account)
1,344
Maine
83,137
251,010
1,395
47,497
225,178
New Hampshire
26, 621
784
143,011
Vermont.,
1,372,116 2, 584, 625
22,972
Massachusetts
130, 455
343, 229
2,156
Rhode Island.
344, 621
920, 499
Connecticut..
_
8,237
Total New England
States
2, 004, 447 4, 467, 552
New York.
12, 111, 689 7, 337,873 462,344
774,164 1, 239, 440
17,083
New Jersey
2, 719, 958 2,443,088
29,470
Pennsylvania
113, 697
4,758
75,375
Delaware
375,434
2,797
428,623
Maryland
194, 511
5,973
108,327
District of Columbia
Total Eastern
States
16, 289. 453 11, 632, 726 522,425
Virginia
287,097
4,458
West Virginia
160, 580
3,941
122, 959
North Carolina
257, 215
7,220
110, 244
108,160
1,226
South Carolina
32, 481
262, 761
1,266
Georgia
113, 067
270, 966
2,866
Florida.
_.
69, 564
170, 233
1,432
91, 953
Alabama
118, 221
705
62,907
Mississippi.-_
315,448
2,739
100,824
Louisiana
1,083,321
13,990
203,409
Texas__
Agreements
toreBills Redis- purcounts chase
securities
sold
335,491
274,070
170,416
3,979, 713
475,840
1,273,357
467
634
793
3,022
125
709
6,508,887
19,911,906
2,030, 687
5,192,516
193,830
806,854
308,811
5,750
21,079
4,278
1,691
114
100
28,444, 604
27,262
224
568
839
389
1,683
115
586
179
98
618
552,453
287,480
374,679
141,867
377,094
343,396
263, 618
181,833
419,011
1,300,720
1,488
85
1,573
Acceptances
executed
by or
for account
of reporting
banks
Other
liabilities
Capital
stock 3
Surplus
Undivided
profits,
net
Retirement
fund
for
preReferred
serves stock
for con- and
tingen- capital
cies
notes
and
debentures
125
110
348
5,455
347
823
218
69
429
6,627
804
1,773
20,137
7,422
23,276
117, 736
20, 924
44,114
9,230
970
7,688
18, 757
1,135
8,192
86
33
1.070
538
31
424
7,208
9,920
233, 609 408, 206 201, 523 45, 972
838, 656 1, 946, 212 71, 762 151, 772
89, 558 25, 930 18, 660
140, 211
323, 870 457, 623 110, 518 81, 465
1.218
26,045
5,626
12, 079
7,649
38, 587 21,611
38, 478
1,640
14, 222 7,463
21, 244
2,182
7,938 12,818
20, 740 10,373
4,282
4,298
251, 468 132,138
5,124
45, 599
78,163 36, 788
20,301
732
82
500
21,115
10, 590
217,357
63
326
14,389
451
12
10. 249
2,680
6,606
237
710
726
16, 544 205, 885
2,066 11, 922
3,329 21,460
239
246
424
1,282
197
761
63 232, 535
21,208
52
389
194
766
113
198
788
404
350
731
2,286
22, 799 241, 556 1, 374, 538 2, 572, 247 242, 910 262, 404
46,002
22, 623 9,283
728
3,735
5,137
13, 853 5,323
28, 497
90
343
2.877
13, 532 6,960
26, 749
269
2,314
3,229
49
9,284
3,776 2,321
112
281
16, 360 7,061
605
33, 828
1,778
3,994
10, 255 3,131
211
22, 667
687
938
10, 987 4,903
341
28,645
623
2,109
1,976
112
17,142
5,189
384
410
5,175
11,431
27,103
388
1,029
1,910
42, 743 23,602
1,378
102,168
1,050
4,969
"664
145
138
134
166
5,000
3,420
1,732
Dividends
declared
but
not
yet
pay-2
able
500
101
453
4
54
Interest,
taxes,
and
other
expenses accrued
and
unpaid
13
158
2
261
5
1,194
498
2,229
2,353
1,599
27
390
220
6,818
103
168
512
146
84
30
563
329
889
1,185
00
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 W e s t e r n
States
Washington
Oregon
California
Idaho
.
Utah
Nevada
Arizona
Total Pacific States.
Alaska,
„
The Territory of Hawaii.
Puerto Rico
Philippines
Virgin Islands of the
United States
Total possessions
Total United States
and possessions—.
1
2
1
116,586
283,109
316,023
45,709
149,580
161, 945
1,092
11,936
2,611
163,387
444,625
480, 579
293
976
123
3. 749, 720
1, 227,036
522,274
2, 925, 484
779, 570
433, 393
537, 925
396, 356
1,054. 476
1, 525, 540
1,068,379
317,207
949, 670
637, 334
423, 903
392,245
212,957
293,161
55,482
22,802
8,302
34,091
13,045
8,026
11, 464
5,962
11,822
5, 330, 742
2,318, 217
847, 783
3,909, 245
1, 429,949
865,322
941,634
615,275
1,359,459
6,691
755
140
252
110
20
7, 876, 514
4, 294,856
29, 986
26,793
65,903
78, 492
41, 790
21, 229
96,308
11,080
85, 096
115, 514
12,286,884
69, 522
86, 742
312,939
403, 257
131,812
58, 353
319,721
54, 974
444,890
7. 553
24
25
100
359
10
8
13
456, 677
209,937
106, 810
2, 203, 734
27,540
57,507
11,974
24,829
19, 589
4.148
2,930
49,914
724
1,037
879
1,046
2, 336, 739
8,782
49, 592
33,633
74,494
2, 642, 331
6,284
58,896
28,889
63,190
60,678
101
786
-fc.145
1,036
1. 882,210
512,863
285,432
3,888,077
94,316
144,627
32,603
81,830
5,039,748
15,167
109 274
64,667
138, 720
539
298, 778
175, 692
1, 634, 429
66,052
86,083
19, 750
55,955
469
166, 970
997
158, 256
1
4,069
1,467
329, 295
456
33,829, 787 25,177,938
814,645
59,822,370
52,411
38, 891
59,115
243, 812
321, 420
88, 047
36, 638
220, 296
43 226
354, 499
1, 405, 944
645
834
3,224
3,345
1,975
486
3.117
668
5,295
12
725
25
18
781
190
42
74
1
118
6,158
344
44
164
14, 851
1,527
14,112
38, 412
38,156
4,881
22, 283
13, 346
3,848
6,865
8,731
1,097
4,204
3,669
115
159
93
7,131
6,631
908
11,168
1,151
867
1,729
119
676
4,751
28, 597
8,848
1,769
5,258
4,051
13, 540
4,258
1, 240
11,483
432, 765
191. 259
68, 624
26,367
95,997
28, 625
18,194
29, 491
15, 375
34, 826
89,079
34. 824
25, 574
12, 796
38, 814
16, 983
14, 283
10, 746
7,999
22,675
9,738
3,403
41, 239
8,546
6,138
3.485
2,758
7,357
4,376
2,091
1,185
595
335
725
166
609
78
50, 447
52
154
242
552
109
59
307
14
386
784,107
317, 499 149,870
2,530
662
2,096
1,353
8,648
3,998
13,009
7,387
3,579
2,590
2,111
1.058
9,770
4', 684
1,312
299
13,028
6,472
82, 664
1,855
129,923
1,643
951
50, 065
24
393
277
299
28, 719
11,197
209, 215
5,167
10, 624
1,025
3,584
56,083
12,186
7,313
113, 578
1,680
3,825
373
2,153
28,501
7,704
3.977
55,110
1,223
3,017
916
497
53, 652
269, 531
141.108
72, 444
500
5,230
41, 662
840
9,470
3,386
12,331
570
5,944
704
6,847
377
1,265
382
1,374
8
47,400
150
26,177
17
14,082
3,410
21
66
358
280
12, 953
2,268
569
577
3,692
15
292
9
85
21
13, 591
5,239
807
35 J
185
2,970
54
72
9
56
3,697
5,635
94
52
5
10
204
66
212
11
25
431
2,567
207
290
775
223
2
1,274
869 276, 780
70,959
Includes also dividend checks and travelers' checks sold for cash and outstanding.
Includes amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures.
Includes capital notes and debentures. (See classification on pp. 142-143.)
1,009
536
2,471
966
229
203
34
532
5,980
116
47
4,160
120
265
195
23, 249
99
130
273
187
171
13
872
1
522
31
12
4,113
3, 615
1,253
36
3,790
7
50
155
99
398
417
180, 858
58,189
203,932
87,063
74, 301
54, 906
36, 923
87,935
115
251
1, 958
842
425
233
2,468
181
1,196
5,784
54
63
512
80
31
30
96
48
93
7, 669
1,007
2, 214
1, 652
24, 940
1,143
1,106
103
648
31, 806
129
3, 459
1,388
4,947
99
160
1,445
139
105
36
136
2, 120
6
9,929
5
45,255 433,427 3,250, 650 3,700,484 787,737 475, 268
22, 292
4
17
107
222
4
77
162
17
197
5
3
3
2
13
8,066
8,651
22, 469
30,856
9,197
4,136
14, 873
2,790
28,885
12
5
CO
CO
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1987 {includes national. State {commercial),
savings and private banks)—Continued
[In thousands of dollars]
Loans and discounts
Real-estate
loans, mortgages, deeds of
trust, and other
liens on real
estate
Location
On
farm
land
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States
On
other
real
estate
Commercial
paper
bought
Loans
in open
on securities Loans market;
(excluto
and
sive of banks bills,
loans to
acceptbanks)
ances,
etc.,
payable
48,722
16,767
642 63,991 14,101
7,024
... 21,309 31,921
i, 171,223 203,585 5,171
1,
32,065
82
99,945
1,114
77,549
133
1,650 411,882
England
27,728 1,827,684 351,091 5,515
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
16,150 3,408, 762 2, 508, 70869,349
34,612 342,797 120,562 2,193
22,523 423,640 468, 111 9,173
25,976
690
24,921
3,116
10,093 79,061 39,072 1,397
26,068
120
118 34,935
86,612 4,314,116 3,188,497 82,922
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
16,415
4,731
7,064
1,838
7,678
1,991
4,964
_
_
7,033
50,204
34,877
19,261
5,612
24,081
13,119
13,021
10,221
18,983
Investments
45,855
26,350
28,417
5,116
34,593
17,143
12,448
5,678
19,010
771
130
1,160
274
3,194
1,294
556
348
1,427
Securities fully guaranteed by U. S.
Government as to
interest and principal
All
other
loans
U.S.
Government se- Recurities con- Federal
Home
(direct
Farm Owners' Fedobliga- struction MortLoaneral
tions)
FiCorland
nance gage
Corporabanks
Cortion
pora- poration
tion
5,065
3,568
6,019
88,418
15.070
19,096
38,636
17,101
40, 743
21,711
23,691
414,235 1,037,695
33,394
134,301
93,561
214,144
46 2,609
5,458
2,821
2,300 7,426
4,356
"~I45 4,391
13,924
5,133
4,150
16,695
10,185
27,826
137.236
618,638 1,533,843
2,560 27,061
77,913
, 757,461 5,082,047 114,105
703,343 1,
23,279 226,767 412,207 2,099
1,359,187
475
41,941
31,327
10
5,305 18,759
3,259 77,208 276, 776
100
97,438
2,515 39,133
779,642 2,702,214 7,258,982 116, 789
2,951
3,080
3,674
1,060
1,137
5,632
2,605
587
1,371
146,148
55,359
88,247
34,746
131,974
36,353
71,691
32,874
73,528
Obligations of—
97,408
42,323
62,150
22,461
44,689
83.996
40.997
17,624
97,844
509,745
62,048
53,171 158,489
596
7,151
8,022 13, 956
3,724
15, 393
155,179 766,782
81,002
508 6,466
4,151
7,727
50 2,212
16 2,626
200 9,277
6,669
15 1,822
1,979
19,154
10, 795
11, 531
5,642
8,026
28, 690
9,059
5,232
13,397
FedStates,
eral
inter- counmedi- ties, and
municiate
credit palities i
banks
660
43
342
4,802
368
590
25
4,543
731
2,722
10, 256
11,641
5,026
141, 615
10,714
44,374
9,648
8,064
223,628
17,277 54,712 1,035,887
"' 140,355
6,753
646 284,793
25,218
62
15,202
186
558
20, 794
9,299
110
2,647
2,803
61,536 56,922 1,499,678
3,961
2,679
3,191
700
689
2,296
717
648
785
799
445
223
201
2,634
1,500
7
101
25,027
11,991
55,029
17,447
13,646
25,991
32,492
47,404
48,827
Territorial
and insular
possessions of
the
United
States
108
56
27
2,221
57
77
Stock
of FedBonds,
eral
notes,
Reand
serve
deben- bank
tures of
and
railother
roads,
domesetc 2
tic corporations
83,708
82,943
34,056
533,032
84,903
184,626
8,342
17, 662
5,029
68,146
35,790
41,570
Foreign
government
bonds
and
other
foreign
securities
6,922
7,081
3,478
14,392
3,056
42,859
2,546 1,003,268 176, 539 77, 788
2,440 1, 411,822 286,467
3,139 317, 238 32,211
1,575 957,492 132,096
71 41,878 V"
237 125,088 10,260
14,476 4,163
300
7,762 2, 867, 994 469,685
96,266
10,958
52. 774
2,172
5,316
1,255
>8, 741
27,039
18, 735
4,703
2,745
16,250
12,943
9,810
3.078
4,363
1,673
1,397
68
195
947
871
822
169
709
4
15
26
226
90,
452
V
6,292
5,872
2,121
1,031
4,364
1,492
2,237
773
4,565
Texas
Arkansas. _
Kentucky.
Tennessee,
Total Southern States...
14,005
4,702
20,137
10,417
110,244
35,389 59,582 1,570
6,776
7,270
173
39,588 31,535 3,711
19,760 34,877
765
290,892 327,874 15,373
Ohio
38, 565 287,968 172,283 3,202
Indiana
23,659 70,517 28,252 1,384
Illinois
23,758 64,619 264,039 4,424
Michigan
_
188
10, 923 98,644 43,016
Wisconsin
_
20,446 46,835 42,274 3,165
Minnesota
16,217 32. 285 34,254 1,787
327
43,244 28,086 19,670
Iowa.
74,906
5,114
17,577
Missouri
_
Total Middle Western
194,389 703,860 692,591 19,591
States
North Dakota
f!
South Dakota
2,044
Nebraska.
6,934
Kansas
10,740
Montana
1,262
Wyoming
1,175
Colorado
2,421
New Mexico
572
Oklahoma
3,488
Total Western States. .- 30,634
Washington .
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
2,344
2,963
3,501
11,222
2,489
1,947
7,819
1,849
7,074
41,208
3,943 46,230
10,667
2,342
106,231 731,930
3,015
1,305
15,832
2,774
2,581
316
5,032
861
117, 772 815,287
Alaska
The Territory of Hawaii
Puerto Rico
Philippines..
Virgin Islands of the United
States
Total possessions
1,648
535
1,598
15,062
1,021
20, 792
78
2,354
159
38,632
1,246
1,514
9,990
9,662
2,965
1,773
13,857
777
11,135
52,919
32
210
313
18
8
60
652
1,293
72
17,245
23
10,491
237,876 1,705
22
1,661
26
6,954
887
500
2,348
277,462 2,348
19
15,158
291
2,114
17,585
36
119
4,460 315,306
1,051 33,087
13,106 104,291
5,423 121,143
46,137 1,244, 747
260,673
790 12,166
22, 619
41 2,622
69,715
57 11,486
6,692
68,958
931,457 1,709 75,895
1,922
1,012
83,607
845
1,339
1,091
491
5.371
92,994'
32,972 6,940 3,290
7,217 1,224
498
20,536
10,089 4,763
795
24,112
12,454 1,731 1,975
48,015
174,258 30, 324 13, 306 463, 511
21,531
17,180
32,890
15, 665
16,437
18,031
16,604
15, 308
23,260 7,' 1,122
487
5,562
737
35, 620 2,588 1,693
774
9,050 5,''""
173f158 44,980 10, 927
6,407
1,700
9,487
11,017
57
2,071
430
5,1
135,935
46,228
259,559
84,733
34, 249
82, 226
55,785
76,839
2,658
1,949
1,771
331
206
309
1,138
958
176,249 19,869 18,587
5,733 3,912
76.657
207,491 19,935 11, 552
3,473 6,757
108,399
3,216 6,691
151,460
67,872 3,024 5,466
3,372 1,712
40,910
56, 521 33,012 2,051
157,006 1,900,358 3, 234,512 95, 678 153,646 385,220 !9, 636 36,865
885, 559 91,634 56, 728
16,054
11,386
54,315
14,651
12,899
11,273
18, 732
17,696
323, 528 523, 699
122, 709 207.898
588, 723 1,191,828
186, 750 416,470
225,813
123,993
199,048 240, 725
101,170
125,953
229,654 326.909
'635
16
1,409
35,931
775, 554
9,320
24
84
275
44
15
71
245
1,111
111, 218
540 12,663
116,791
11,681 1,097
824 37, 967
250 10,363
79, 611
55,908
23, 260
9,302
245
550 71, 606 121,893 5,498 6,742 342, 738
619,180 941,836
406 3,377
23,426
955
19, 311
8,237
133
8 3,022
34,014
8,717
4*407
27,474
15 1,382
25 1,129
7,461
2,725
1,619
20
3,798
199
15,751
823
4,444
14,609
4,467
291 2,424
857,071 1,213,317 1, 779 102,983 157, 744 7,478 12, 347 428, 111
1,441
51
84
123
19
1,834
27,426
15,823
124,564
1,911
4,269
1,732
3,547
179,272
1,456 5,233
589 1,789
31,280 14,837
550
204
173
2,841
32
45
467
257
36,672 23,081
558
490
7, 312
23
7,567i
1,525
684
817
2,124
13,222
626
7,784
192
177
776 2,162
9
7
1,444 1,270
558
15,392
3,026
211
23,967
2,406
14,635
14,094
66,767
67,6X0
36,034
11,037
80,165
11,384
54,262
355,988
169
848
471
11,856
3,571
9,383
21,146
60,487
2,590
26,922
1,318
9,978
1
311
94,898
126
40,934
13,345
35,208
8,100
23, 280
2,314
1,484
5,356
3,405
10, <
56
7,869
432
110
11,364
581
206
21, 209
4,952
36,192
2,.3O9 3,436
1,251
106
8.898
162
40
3,300
1,194 1,972
15,958
3,882
729
2.321
566 57,858
13, 931 6,492 166, 530
1,575
2,288
5,729
8,607
3,802
323
3,065
833
5,360
31, 582 430,329
10,00.6
3,157
19,369
95,486
30,014
54,615
93,997
26, 502
19,409
17. 71"
47,480
235 3,202
76 2,110
351 9,917
367 12,699
950 2,860
1,216
140 5,955
1,074
2,665 6,642
4,784 45, 675
2,224
1,953
5,022
12,434
3,411
901
6,092
1,760
17,442
51,239
637
345
1
51
1,519
1,040
130
51
Total United States and
possessions
569,733 8? 031, 679 4,908,019 127,161 1, 200,879 7,848,255 14, 569,033 223, 299 561,958 1,614,196 212, 734 134, 554 3, 572,402
i Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more States.
a Includes bonds, notes, and debentures of public utilities, real estate, and other domestic corporations.
584
258
122
38
1,9
116
4,428
3,682
8,958
3,518
6?785
1,841
14,007
1,043
6,163
50,425
248
224
715
858
379
160
857
193
1,557
5,191
362
266
1,167
640
1,296
247
1,742
83
789
6,592
198
3,829
27, 527 5,183,643 827,107 347,686
and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1987 {includes national, State {commercial),
savings, and private banks)'—Continued
to
[In thousands of dollars]
Capital stock, capital notes
and debentures
Demand deposits
Time deposits
Deposits of other
banks
Location
Maine
_
New Hampshire.
Vermont
Massachusetts...
Rhode Island
Connecticut
Total New England StatesNew York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia..
Total Eastern States.
Virginia
West Virginia. „_
North Carolina.
South Carolina _.
Georgia
Florida
_.
Alabama
Mississippi.
Louisiana
Texas
Capital
Prenotes
and de- ferred
stock
bentures
1,379
8,024
7,603
1,231
8,149
15,699
1,579
8,255
Deposits
State,
of individU.S.
county,
Common uals, part- Govern- and
mustock
nerships, ment de- nicipal
and corpo- posits
deposits
rations
11,155
6,191
7,103
102,037
19,345
35,859
64,901
36, 610
23,365
1,012,429
108,056
275,860
948
404
314
49,340
515
3,616
9,403
42, 516
181,690
1,521,221
55,137
70,723
600
29,156"
62,045
45,109
188
2,899
1,562
738,777 8,326,576
584,872
77, 566
278,761 1,979,105
103,904
11, 699
264,374
29, 346
171,943
18, 250
341,072
9,011
45,128
1,271
12,832
584
192
6,233
1,432
9,843
7,443
5,371
5,112
1,812
1,130
87, 774 . 213,622
6,909
14, 701
24,205
40,940
152, 649
3,602
700
2,127
11, 297
8,028
75
8,410
~5t~587' 15,936
37,733
22, 246
20,017
7,207
30, 588
20, 685
17,348
9,039
18, 693
80,645
209,613
131,663
155.255
73, 058
183,391
182^ 589
123,506
75,118
188,956
757,570
3,, 320
1,090
2,536
376
5,694
3,933
3,859
950
4,999
14,128
State,
county,
and
In for- municeign ipal decoun- posits
tries
1,951
274
504
174
1,147
693
2,776
5,235
Deposits of
other Deposits Certifibanks evidenced cates
of
by savings deposit
passbooks
55
333
2,517
917
876
21,340
5,572
11,680
143
42
39
18,405
1,000
8,347
1,850
1,438
680
14,654
3,170
6,054
849
746
321
2,743
416
1,066
42,902
9,227, 10, 529
1,336
4,350, 822
24,482
14,029
41,177
847
4,192
15.352
1,439
36.176
50
3,877
338
6,727, 926
1,164, 970
2,018,757
71, 293
398, 491
97, 536
3,119,560 291,013
84, 727
57,232 10,478,973
25,953
17, 508
45,330
27,898
22,786
43,185
22,118
33,139
47,433
114,739
266,213-
48, 210
10,319
54,094
6,828
50, 854
41,107
20,583
9,014
73,041
196,063
36
152
167
,,Q
821
11,136
95
5,646
1,122
348
116
2,084
3
3,741
3,915
1,281
370
4,127
105
295
1,590
90S
15
145
946
Christ- Postal
mas savings
Open savings deposits
acand
counts similar
accounts
245,092
221, 528
139,853
2, 525,942
330, 295
888,112
619, 503 2. 538,335 286,203
152,747
27,308
226
230, 539 461,157 4,029
6,870
1,652
69, 521
28,479
228
70
21, 587
327
79,180 140,959 1,154,399 11,430,774
8,269
2,649
6,732
1,377
1,113
1,982
In the
United
States
s
Other time deposits
218,151
102,541
72, 528
25, 565
93,056
63, 696
77,953
41, 638
73,895
156,036
27,976
27,846
6,141
77,312 486,022
29,109 13,049
125,998 180,024
662
1,157
3,855 13,363
4,629
1,790
6,779
16,844
13,018
509
3,479
3,584
27,938
857
1,366
450
238,726 698,244
44,213
30,611
2,765
1,211
1,055
377
909
266
890
400
620
1,118
3,172
2,738
4,397
300
2,241
1,528
1,842
2,323
6,547
5,079
21.063
15,767
21.064
4,603
15,104
926
7,403
18, 528
14,805
32,924
3,330
237
1,427
409
1,114
1,442
873
1,071
3,391
Arkansas
Kentucky
Tennesee
-
Total Southern States
Ohio
Indiana
-_„
Illinois
Michigan
_ ._
"Wisconsin
Minnesota
Iowa
Missouri
Total
Middle
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
76,743
202, 432
188,799
597
4,389
6,399
22,045
28, 774
51,075
17,201
47, 514
69,750
89,108
331, 531
2, 548,693
52, 270
501,983
644, 578
17, 720
5,532
42,195
36,379
12, 796
6,808
7,569
2,618
122, 910
40,852
157, 217
50,084
47, 307
45,786
29,354
85,317
929,056
349, 707
1,983, 745
593,195
300, 702
329, 598
265,387
650, 743
9,528
8,659
46,327
8,260
3,161
1,749
1,675
11, 883
148,912
112,180
317, 929
104, 699
70,195
99,381
79, 627
75, 932
139,008
51, 690
572,172
72,605
59,169
106, 536
49,667
315, 787
73, 663 131, 617
578,827
5,402,133
91,242 1,008, 855 1, 366,634
4,055
8,340
10,920
12,126
40, 228
11, 805
4, 520
600
14,198
2,312
1,335
957
9
1,768
1,516
6,410
17, 513
11, 693
39,861
8,648
1,494
32,460
1,345
1,055
435
1
4,018
19,148
2 471
6,230
3,152
1, 713
1,178
207
1,771
7,922
3 890
2,344
1,310
3,452
5, 575
1,149
3,050
596, 583
49, 456
35, 870
28,692
14,361
13, 749
31,459
31,104
30, 980
16. 248
83, 745
8,019
48, 472
14,819
12,027
32, 742
36, 448
10,079
4,256
5, 976
2,722
23, 735
16
41
169
8,531
112
43
84
42
4,632
48
59
1,010
379
101
84
726
57
195
264
299
374
1,288
270
142
592
127
829
216
665
8,020
30,876
94,892
105, 740
12,093
45, 513
37,922
402
3,O2j2
795
2,196
33,508
18,683
1,156, 567
247, 715
532
38
5, 311
811
166
661
131
9,139
104
6,347
3,254
388
1,568
23
986
6,389
8,084
234
1,054
1.130
4, 232
5
6,104
935,269
232, 800
807, 651
587,318
348,300
284,853
127, 262
211, 763
81,864
68,364
94,404
39,901
67, 865
94, 406
84,310
65, 469
7,650
21, 807
27, 232
3, 535,216
463
602
110
276
210
181
195
87
2,593
15
16
39
466
38
275
4,990
26
4,640
32, 321
39, 409
160,789
213,108
64,185
24,159
164,839
27,056
234, 624
2,495
23,621
103, 807
960.490
6,878
221,375
217,145
4,717
10, 505
278,137
142, 804
13, 670
2,659
4,185
1,323
361
4,500
2,231
211
37,077
1,816
1,397
131
1,259
25,165
10,625
167, 638
3.351
7; 764
894
2,325
198, 999
123,378
1, 243, 340
44, 597
54,376
14,054
40, 766
4,141
4,035
43, 543
101
409
139
157
51, 808
32,951
142, 612
19,193
14, 778
4,943
13, 526
42, 664
14, 821
197, 574
2,161
16, 520
610
1,383
1,166
416
507
1,877
7,360 166,468
8
301
92
4
172
123
253
239
10,826
20
470
8,954
7,819
47, 993
5,314
2,714
478
966
614
169
70, 221
52
118
112
203
30
9,301
3
62
10
198,850
96,260
1,877, 758
21,824
53,715
10, 888
23,349
33
820
446
21,167
319
127
404
96
44,122
217, 762
1, 719, 510
52, 525
279,811
275, 733
9,160
169, 334
11,818
2, 282, 644
74,238
71, 489
9,429
23,379
6,882
36,621
22,695
49,434
188
444
1,948
2,471
318
1,488
656
84
4
28
1,133
11,538
4
515
10,174
9,987
112
408
50
240
573
268
3
5,367
42,509
17,986
32,762
882
1,172
80
72
1,138
9,507
6,678
13,438
205
673
13, 719
331
20,441
125
840
9,343
2,936
12,331
25
252
25,475
115,820
4,935
30, 966
2,550
12,699
20, 792
83
99,506
35,164
458
1,172
1,081
672,885 3,233,847 5,892,413 332,001 345,414 * 126,889 22,181,865 1,378,132 878,806 132,882
133,950
__„.„
1,463
Total Pacific States
7,647
Alaska
The Territory of Hawaii
Puerto Rico
Philippines
Virgin Islands of the United States.
Total possessions
_
2,232
3,431
54,469
42,171
7,603
3,312
37. 480
2,006
64, 441
5,456
5,687
17, 550
26, 326
7,461
2,837
11,178
2,132
25,180
194
__ 1
505
276
788
1,683
208
108
366
368
2,576
3,833
15, 999
27,764
64,458
16,051
9,059
17, 557
13, 796
52,858
1,275
2,007
4,910
4, 530
1,542
1,299
3, 695
658
3,705
_
Total United
possessions
109
1,311
662
245
2,661
2,396
Western
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona . .
10,057
30,037
27, 236
35
127
450
450
2
54
56
States and
184,964 472,195 2, 593,491 23, 698,641
00
144
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of all active banks June 30, 1933 to 1937,
are shown in the following statement:
Assets and liabilities of all active banks on or about June 80, 1983-87
(In thousands of dollars]
1933 (14,624 1934 (15,894 1935 (16,053 1936 (15,803 1937 (15,580
banks)»
banks) >
banks)
banks)
banks)
ASSETS
Loans and discounts (including rediscounts)
22,377, 371 21,417,924 20,409,786 20,829, 205
10,447
13,229
9,474
Overdrafts
9,954
U. S. Government securities, direct ob7,795,999 10,995,673 12,201,560 14,840,174
ligations
Securities fully guaranteed by U. S. Gov» 667,594 2,082,492
ernment.
2, 518,026
10,134,664
9,626,227
Other bonds, stocks, securities, etc
9,933,103 10,501,333
1,382,831
1,284,375
Banking house, furniture and fixtures
1,380,768
1,363,426
Real estate owned other than banking
637,646
845,136
house
1,083,019
1, 263, 742
672,556
713,968
784,576
Cash in vault
1,018,951
Balances with other banks, including reserve with Federal Reserve bank or
other reserve agents, cash items in process of collection, and exchanges for clear'7,092,229 » 9,501,781 11,612,972 14,103,430
ing house
1,198,165
1,094,018
Other assets
895,307
750,340
Si, 301,908 56,159,925
Total-
22, 685,726
12,450
14, 569,033
2, 399,453
10,305, 653
1,349, 208
1, 261,049
958,317
14,670,297
729,883
60,393,057 67,198,581
68,941,069
LIABILITIES
Demand deposits
Time deposits (including postal savings). _
U. S. Government deposits
Deposits of other banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks
outstanding, etc
Deposits not classified *
Total deposits
National-bank circulation
Bills payable and rediscounts
Agreements to repurchase securities sold
Acceptances executed by or for account of
reporting banks
Interest, taxes, and other expenses accrued and unpaid
Dividends declared but not payable and
amounts set aside for undeclared dividends and for accrued interest on capital
notes and debentures
Other liabilities
Capital stock, capital notes and debentures:
Capital notes and debentures *
Preferred stock
Common stock
Surplus
Undivided profits, net
Reserves for contingencies
Retirement fund for preferred stock and
capital notes and debentures
Total
15,248,864
21,352,664
860,399
3,364,885
17,519,037
22,440,823
1,736,683
4,518,429
21,557,078
23,128,115
824,415
5,563,411
25, 404,853
24,045,286
1,147, 502
6,905, 794
26,932,488
25,051,049
672,885
6,351,303
679,642
27,016
384,288
25,781
493,377
19,727
833,788
2,592
814,645
41,633,470 46,625,041
61,686,123
222,095
61,340
58,339,815
59,822,370
698,293
188,050
46,231
14,928
10,399
883
54,978
869
303,382
229,300
8,005
73,906
65,823
71,776
403,575
26,364
355,879
33,473
527,305
45,255
433,427
3,371,321
646,246
« 468,180
322,461
541,273
2,695,052
3,174,691
643,442
»475,181
274,756
711,069
2,619,618
3,093,562
617,791
514,635
244,719
633,667
2,542,840
3,408,418
706,427
423,632
184,964
472,195
2,593,491
3,700,484
787,737
475,268
650
4,303
11,390
22,292
51,301,908
56,159,925
60,393,057
67,198,581
68,941.069
730,435
503,883
26,799
445,187
76,300
600,546
2,899,541
276,780
70,959
»1 Licensed banks; i. e., those operating on an 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
4 Includes cash items not in process of collection.
For banks other than national.
• Includes reserves for dividends.
REPORT OF THE COMPTROLLER OF THE CURRENCY
145
Principal items of assets and liabilities of all active banks in continental United
States as compared ivith similar data for member banks of the Federal Reserve
System, on or about June SO, 1937
Member banks
Items
All active
banks,
15,527
banks Percent
all rebanks (000 6,357
omit- to
porting1
omitted) i (000ted)
banks
$22,530,698 $14,284,875
Loans a
Investments
27,181,287 18,453,686
919,300
629,305
Cash in vault
3,224,473 2,444,249
Capital*
2,894, 546
Surplus and undivided profits «__. 4,958,355
Total deposits
59,493,075 41,490,046
68, 508,805 47,468,613
63.40
67.89
68.45
75.80
58.38
69.74
69.29
Percent
Mutual
Private
to all resavings
banks,
porting
banks, 564 85 banks
banks, ex- banks (000 (000 omitcept mu- omitted) 2
ted) *
tual savings and
private i
82.04 $5,010,961
85. 76 5,177,969
72.99
55, 577
77.25
16,972
82.32
1,386,811
85.32 10, 213,402
84.68 11,644, 741
$108,254
484, 525
1,545
43,529
55,462
650,313
805,101
1 Exclusive of banks in Alaska and insular possessions.
2 Included in all reporting banks in column 1.
3
Including overdrafts.
4
Including capital notes and debentures.
* Including reserves.
Per capita demand and time and savings deposits in all active 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:
146
REPORT OF THE COMPTROLLER OF THE CURRENCY
Per capita demand and time and savings deposits in all active banks June 80, 1937
Population
(approximate)
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
859,000
512,000
383,000
4, 456,000
686,000
1,746,000
Total New England States
8,642,000
capDemand and Per
ita detime deposmand
its (000
time
omitted) * and
deposits
Savings de. posits (000
omitted) *
$327,043
268,221
168,877
3,706,952
460, 350
1,245, 531
$380. 73
523.87
440. 93
831.90
671.06
713.36
$247,609
222,445
140,729
2, 547, 282
335,86J
899,792
6,176,974
Per cap.
ita savings deposits
$288.25
434.46
367.44
571.05
489.60
515.34
714. 76
4,393, 724
508.42
13,026,000
4,359,000
10,208,000
261,000
1,686,000
623,000
16,730,944 1,284.43
1,992,7J)3
457.15
4,646,026
455.14
190,857
731.25
427.28
720,396
459. 03
285,975
6,805, 238
1,194,079
2,144, 755
71,955
402,346
522.43
273.93
210.11
275.69
238.64
159.43
30,163,000
24,566, 901
814.47
10, 717,699
355. 33
2,690,000
1,843,000
3,481,000
1,873,000
3,082,000
1,654,000
2,884,000
2,022,000
2,137, 000
6,160,000
2,037,000
2,904,000
2,884,000
499,641
275,701
313,922
134, 558
320,215
296,614
238,101
171,854
339,807
1,088,762
145,373
392,057
396,410
185. 74
149.59
90.18
71.84
103.90
179. 33
82.56
84.99
159.01
176. 75
71.37
135.01
137.45
239,214
118,308
93, 592
30,168
108,160
64,622
85,356
60,166
88,700
188,960
42,969
140,405
143,662
64.19
26.89
16.11
35.09
39.07
29.60
29.76
41.51
30.68
21.09
48.35
49.81
85,651,000
:
6, 761,000
3,483,000
7,900,000
4,817,000
2,929,000
2,653,000
2, 561,000
3,987,000
35,091,000
4,613,015
129.39
1,404,282
39.39
2,162, 760
779, 312
3, 285,201
1, 347, 219
801,696
828,456
563,928
1,025,554
10, 794,126
319.89
223.75
415.85
279.68
273. 71
312.27
220.20
257. 22
307.60
1,017,133
301.164
902,055
627, 219
416.165
379, 259
211, 572
277,232'
4,131, 799
708,000
697, 000
1,374,000
1,899,000
535,000
235,000
1,073,000
425,000
2,546,000
9,492,000
66,770
83, 019
257, 641
358,937
123,963
54,658
276,831
52, 574
373, 233
1,647,626
94.31
119.11
187.51
189.01
231. 71
232.59
258.00
123.70
146.60
173. 58
29,180
25, 776
64, 201
67, 552
41,059
20, 504
89, 721
10, 741
72,207
420,941
150.44
86.47
114.18
130.21
142.08
142.95
82.61
69.53
117.75
:
41.21
36.98
46.73
35.57
76.75
87.25
83.62
25.27
28.36
44.35
Washington
Oregon..
California
Idaho
Utah
Nevada
Arizona
_
Total Pacific States
1,655,000
1,024,000
6,102,000
488,000
519,000
101,000
409,000
10, 298,000
464, 639
265,830
3,628, 774
92,034
127,228
31,850
80,157
4,690, 512
280. 75
259.60
594.69
188.59
245.14
315.35
195.98
455.48
207,804
104,079
1,925,751
27,138
56,429
11,366
24,315
2,356,882
125.56
101.64
315.59
55.61
108.73
112. 53
59.45
228.87
Alaska
The Territory of Hawaii
Puerto Rico
Philippines
Virgin Islands of the United States
Total possessions
62,000
399,000
1, 774,000
13,439,000
22,000
15,696,000
14,405
105,810
60, 327
127, 098
1,388
309,028
232.34
265.19
34.01
9.46
63.09
19.69
6,040
56,228
18,317
53,203
97.42
140.92
10.33
3.96
134,670
8.58
145,033,000
52, 798,182
364.04
23,559,997
162.45
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
_
Florida...
Alabama
Mississippi
Louisiana
Texas
Arkansas.
Kentucky
Tennessee..
_
_
Total Southern States
Ohio
Indiana
Illinois
_
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western Gtates
North Dakota
South Dakota
Nebraska
Kansas
Montana
_
_
Wyoming
Colorado
New Mexico.—
Oklahoma
Total Western States
_
Total United States and possessions
40.09
i Total deposits, except United States and interbank deposits.
* Represents deposits evidenced by savings passbooks and time certificates of deposit. (Does not include
postal savings or Christmas savings accounts, etc.)
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about June 80, 1987
[Deposits in thousands of dollars]
Total all active 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
Deposits
Deposits Time cerDeposits Time cer- Total
Total
Total
2 evidenced
evidenced Time cersavings l
of savings 1 Depositors2 bevidenced
y savings tificates of savings l Depositors by savings tificates of
by savings tificates
deposits
deposit
deposits
deposit
deposits
deposit
passbooks
passbooks
passbooks
245,092
221,528
139,853
2, 525,942
330,295
888,112
2,517
917
876
21,340
5,572
11,680
247,609
222,445
140,729
2, 547,282
335, 867
899,792
542,827
373,161
274,526
3,773,808
414,093
1,431,120
68,623
19,947
33,431
228,158
13, 373
78, 924
4, 350, 822
42,902
6,727,926
1,164,970
2, 018, 757
71,293
398,491
97,536
77,312
29,109
125, 998
662
3,855
1,790
4,393, 724
6,809, 535
6, 805, 238
1,194,079
2,144, 755
71,955
402,346
99,326
9,912,243
2,523,908
3,837, 324
118,183
886,535
259,292
10,478,973
218,151
102,541
72,528
25, 565
93,056
63,696
77,953
41,638
73,895
156, 036
30, 876
94,892
105,740
238,726
10, 717,699
17,537,485
2, 098, 660
21,063
15,767
21,064
4,603
15,104
926
7,403
18,528
14,805
32,924
12,093
45,513
37,922
239,214
118,308
93,592
30,168
108,160
64,622
85,356
60,166
88,700
188,960
42,969
140,405
143, 662
477,162
279,745
252,919
65,447
384,665
197,670
258, 507
87,409
321, 080
371, 504
68,308
221, 615
328, 378
128,425
52,156
20, 072
11, 679
58, 320
44,117
55, 636
18, 213
54,568
146,621
19,720
54,709
78, 689
10, 048
6,245
5,845
1,641
4, 661
494
3,639
4,106
3,686
19,929
5,885
16,256
16,836
138,473
58,401
25,917
13, 320
62, 981
44, 611
59, 275
22, 319
58,254
166,550
25,605
70,965
95, 525
1,156, 567
247, 715
1,404,282
3,314,409
742,925
99,271
842,196
1 Excludes postal savings and Christmas savings accounts, etc.
2
Represents number of savings passbook accounts.
All banks other than national
National banks
Depositors 3
994
75
608
7,405
2,073
4,296
177,463
201,656
107,030
2,305,189
318,995
813,484
3,908, 366
15,451
3,923,817
5,727,717
6, 022, 801
783, 956
1,142, 046
62,813
312,265
56,432
46,253
22, 617
50,832
268
1,073
88
6, 069,054
806, 573
1,192,878
63,081
313, 338
56, 520
8,126,138
1,632, 026
2,029, 249
106,709
745,397
153, 354
176,469
201,581
106,422
2,297,784
316,922
809,188
401,424
316,485
199, 242
3,176,495
397,225
1, 236, 846
1,523
842
268
13,935
3,499
7,384
70,146
20,789
33,699
242,093
16,872
86,308
141,403
56,676
75,284
597,313
16,868
194,274
442,456
27,451
469,907
1,081,818
705,125
381,014
876, 711
8,480
86, 226
41,104
31, 059
6,492
75,166
394
2,782
1,702
736,184
387, 506
951,877
8,874
89,008
42,806
1,786,105
891,882
1,808,075
11,474
141,138
105,938
117, 595 2, 216, 255
4, 744,612
8,380,313
121,131
270, 693
135,253
69,174
32,501
257, 562
147, 928
155,306
38, 636
252,475
336, 210
41,885
119,462
251,413
89, 726
50,385
52,456
13,886
34,736
19,579
22, 317
23,425
19, 327
9,415
11,156
40,183
27, 051
11,015
9,522
15,219
2,962
10, 443
432
3,764
14,422
11,119
12,995
6,208
29,257
21,086
100, 741
59,907
67,675
16,848
45,179
20, 011
26,081
37,847
30,446
22,410
17,364
69,440
48,137
206,469
144,492
183,745
32,946
127,103
49, 742
103, 201
48,773
68,605
35,294
26,423
102,153
76,965
2,108,498
413, 642
148,444
562,086
1, 205,911
8, 501,444 12,792,873
W
O
O
P
o
a
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about June SO, 1937—
Continued
|4
OO
[Deposits in thousands of dollars]
Total all active banks
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
Deposits
evidenced Time cerof
by savings tificates
passbooks deposit
Total
savings
deposits
All banks other than national
National banks
Deposits
Deposits Time cer- Total
Total
evidenced Time cer- savings
Depositors bevidenced
y savings tificates of savings Depositors by savings tificates of
deposits
deposits
deposit
deposit
passbooks
passbooks
S
Depositors
935,269
232,800
807,651
587,318
348,300
284,853
127,262
211,763
81,864
68,364
94,404
39,901
67,865
94,406
84,310
65,469
1,017,133
301,164
902,055
627,219
416,165
379,259
211,572
277,232
2,323,062
609, 637
2,281,129
1,496,253
1,151,383
804,584
485,553
711,789
303,989
104,961
489, 563
223, 351
165,116
166,947
44, 030
83,470
35,344
24,164
56,924
6,591
17,488
38,901
17,753
15,045
339,333
129,125
546,487
229,942
182, 604
205,848
61, 783
98,515
735,049
255, 748
1, 338,106
578, 505
470, 745
506, 582
167, 503
268, 780
631,280
127,839
318,088
363,967
183,184
117,906
83,232
128,293
46,520
44,200
37,480
33,310
50,377
55, 505
66, 557
50,424
677,800
172,039
355, 568
397, 277
233,561
173,411
149, 789
178,717
1, 588, 013
353,889
943, 023
917,748
680,638
298,002
318,050
443,009
3,535,216
596, 583
4,131,799
9,863,390
1,581,427
212,210
1,793,637
4,321, 018
1,953,789
384,373
2,338,162
5,542,372
14,361
13,749
31,459
31,104
30,980
16,248
83,745
8,019
48,472
14,819
12,027
32,742
36,448
10,079
4,256
5,976
2,722
23,735
29,180
25,776
64,201
67,552
41, £59
20,504
89,721
10,741
72,207
51, 658
52,016
158,757
182,642
7_Q, 239
38,383
218,396
20,752
142,526
11,988
10,180
26,544
21,117
18,632
11,495
65, 735
6,285
44,611
8,190
5,826
17,034
15,756
4,911
2,490
3,863
2,057
17,819
20,178
16,006
43, 578
36,873
23,543
13,985
69,598
8,342
62,430
39, 618
34,775
128,423
97,982
40,661
26,939
167,467
15,375
130,250
2,373
3,569
4,915
9* 987
12,348
4,753
18,010
1,734
3,861
6,629
6,201
15, 708
20,692
5,168
1,766
2,113
665
5,916
9,002
9,770
20, 623
30,679
17,516
6,519
20,123
2,399
9,777
12,040
17,241
30,334
84, 660
29,578
11,444
50,929
5,377
12, 276
278,137
142,804
420,941
935,369
216,587
77,946
294,533
681,490
61,550
64,858
126,408
253,879
198,850
96,260
1,877,758
21,824
53,715
10, 888
23, 349
8,954
7,819
47,993
5,314
2,714
478
966
207,804
104,079
1,925,751
27,138
56,429
11,366
24,315
445,882
262,640
3,186,792
56,600
163,447
18, 593
50,909
98,454
79,739
1,181,942
10,699
18,693
9,523
11,620
5,728
104,182
ft, 091
85,830
36,697 1,218,639
2,085
12, 784
894
19, 587
210
9,733
661
12,281
231, 019
219,529
2, 222,658
23, 610
48,957
14,941
26,960
100,396
16, 521
695,816
11,125
35,022
1,365
11, 729
3,226
1,728
11,296
3,229
1,820
268
305
103, 622
18,249
707,112
14.354
36, 842
1,633
12,034
214,863
43, 111
964,134
32,990
114,490
3,652
23,949
2,282,644
74,238
2,356,882
4,184,863
1,410,670
52,366 1,463,036
2,787, 674
871,974
21,872
893,846
1,397,189
1-3
w
o
o
1-3
W
Q
O
Alaska
__ _
The Territory of Hawaii
Puerto Rico
Philippines
Virgin Islands of the United States..
Total possessions
Total United States and posessions
5,367
42, 509
17 986
32, 762
882
673
13, 719
331
20,441
6,040
56,228
18, 317
53, 203
882
9,141
173,131
50,130
497, 004
3,235
1,917
15,828
88
4,496
2,005
20,324
882
882
3,235
4,584
23,211
591,423 7,102,775
99,506
35,164
134,670
732,641
18,627
22,181,865
1,378,132
23,559,997
43,377,692
6,511, 352
3,105
62,769
3,450
26,681
17,986
32, 762
585
9,223
331
20,441
4,035
35,904
18,317
53, 203
6,036
110,362
50,130
497,004
69,109
80,879
30, 580
111, 459
663,532
15,794,219
15,670, 513
786, 709
16,457,222 27,583,473
o
o
o
a
Savings deposits and depositors in all active banks in the United States and possessionst according to classes of banks, on or about June 80, 1937—
Continued
[Deposits in thousands of dollars]
State (commercial) banks»
Deposits
Time
evidenced certifiby savings cates of
passbooks deposit
Location
Maine..
_
- New Hampshire
Vermont
Massachusetts
_ _ __
Rhode Island
Connecticut
Total New England States
New York
Ne w 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
. _
Tennessee8
- - Total Southern States
__
Total
savings
deposits 2
Mutual savings banks
Depositors 3
Private banks
Time
certificates of
deposit
Total
savings
deposits2
Depositors 3
126, 427
189,659
64,076
2,153,899
175,557
715,089
241,661
280,028
101,109
2,848,388
190,842
981,611
337
42
379
1,394
3,424,707
4,643, 639
337
42
379
1,394
4 5, 246,087
328,979
571, 906
35,100
219,671
* 6,467, 553
523.810
683; 368
54, 243
405,007
880
7
3,841
1,781
1,831
2,661
7
5,672
«1,981
21
17,332
6,401, 743
8,133, 981
4,728
3,612
8,340
19,334
187
187
50,042
11,922
42,373
143,885
141,365
93,762
994
75
581
7,405
2,073
4,254
51,036
11,997
42,954
151,290
143,438
98,016
159,763
36,457
98,133
328,107
206, 383
253,841
126,427
189,659
64,049
2,153,899
175, 557
715,089
27
483, 349
15,382
498,731
1,082,684
3,424,680
27
775,834
455,020
566, 299
27,713
92, 594
56,432
44,472
22,567
49,001
268
1,073
88
820,306
477,587
615,300
27,981
93,667
56,520
1,656, 604
1,108,195
1,328, 549
52,466
340,390
153,354
* 5,246, 087
328, 929
571, 906
35,100
219.671
1,973,892
117,469
2,091,361
4, 639, 558
6,401,693
89, 726
50,385
52,456
13,886
34,736
19,579
22,317
23,425
19,327
9,415
11,156
40,183
27,051
11,015
9,522
15, 219
2,775
10,443
432
3,764
14, 422
11,119
12,995
6,208
29,257
21,086
413, 642
148,257
50
50
100,741
206, 469
59,907
144,492
67,675
6183. 745
16,661
32; 946
45,179
127,103
20,011
49, 742
26,081 • »103, 201
37,847
«48,773
30,446
68,605
22,410
35,294
17,364
26,423
69, 440
»102,153
48,137
6 76,965
561,899
s
Deposits
evidenced
by savings
passbooks
Deposits
Time
Total
evidenced certifi- savings
2
by savings cates of deposits
passbooks deposit
Depositors 3
H
o
H
H
O
o
3
o
o
d
a
1,205,911
187
_
_
. , _ _ _ •
• • • _ « —
187
Ohio
Indiana.
Illinois
Michigan _
ho Wisconsin
Q Minnesota
to Iowa
*? Missouri
gg
_
_
Total Middle Western States..-
North Dakota
1 South Dakota
^ Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
_
_ __
_ _
Total Western States
Washington
Oregon___
California
Idaho
UtahNevada
Arizona,
«
_
__
Total Pacific States
___
Alaska
The Territory of Hawaii
Puerto Rico
Philippines
Virgin Islands of the United States
Total possessions
Total United States and possessions
512, 426
108,090
318, 088
363,967
178,752
51,494
83, 215
128, 293
45,768
42,958
37,480
33,310
50,377
55,505
66,476
50,424
558,194
151,048
355,568
397,277
229,129
106,999
149, 691
178, 717
1,415,606
321,511
943,023
917,748
659, 230
207,959
317,778
443,009
118,109
19,306
1,744,325
382, 298
2,126,623
5,225,864
208,259
2,373
3,569
4,915
9,987
12,348
4,753
18,010
1,734
3,861
6,629
6,201
15, 708
20,692
5,168
1,766
2,113
665
5,916
9,002
9,770
20,623
30,679
17, 516
6,519
20,123
2,399
9, 777
12, 040
17,241
30,334
84,660
29,578
11,444
50,929
5,377
12, 276
162
228
4,432
66,412
390
118,271
19,534
170,687
30,096
4,432
66,412
21,408
90,043
208, 649
312, 234
61, 550
64,858
126,408
253,879
39, 035
14, 999
608.060
11,125
35,022
1,365
11, 729
3,226
1,728
11, 296
3,229
1,820
268
305
42, 261
16, 727
619,356
14,354
36,842
1,633
12, 034
108,820
41,338
896,199
32,990
114,490
3,652
23,949
61,361
1, 522
87, 756
61,361
1,522
87, 756
106, 043
1,773
67,935
721,335
21, 872
743,207
1, 221,438
150, 639
150,639
175, 751
3,450
26, 681
17,986
32, 762
585
9,223
331
20,441
4,035
35,904
18,317
53,203
»6, 036
110, 362
50,130
497,004
80,879
30, 580
111, 459
663, 532
5, 478,972
780, 716
6, 259,688
14, 292, 866
10,185, 738
13, 265,605
10,185,271
467
1 Includes loan and trust companies and stock savings banks, which were shown separately in reports prior to 1936.
2 Excludes postal savings and Christmas savings accounts, etc.
s Represents n u m b e r of savings passbook accounts.
< Jan. l t 1937.
8
Estimated.
• M a r . 31. 1937.
745
443
590
1,014
1,335
1,457
1,720
2,282
17
81
98
272
1,205
1,685
2,890
4,274
6,270
5,526
11,796
25,002
152
REPORT OF THE COMPTROLLER OF THE CURRENCY
National Banks
The assets and liabilities of all active national banks June 30, 1933
to 1937, are shown in the following statement:
Assets and liabilities of all active national banks on or about June 80,1988 to 1987
fin thousands of dollars]
1933 (4,902
banks) 1
1934 (5,422
banks) i
1935 (5,431
banks)
1936 (5,374 1937 (5,299
banks)
banks)
Loans and discounts (including redis8,116,972
7,694,749
7,365,226
counts)
2,994
2,800
3,491
Overdrafts
U. S. Government securities, direct obliga5,645,741 6,077,724
4,031,576
tions-_
.-_
Securities fully guaranteed by U. S. Govern»357,911
1,095,283
ment
3,340,055
3,344,901 3,543,379
Other bonds, stocks, securities, etc
641,694
655,819
651,463
Banking house, furniture and fixtures
132,187
151,970
171,455
Real estate owned other than banking house288,478
352,402
405,513
Cash in vault
Balances with other banks, including reserve with Federal Reserve bank or other
reserve agents, cash items in process of
collection, and exchanges for clearing
•3,830,468 * 5,344, 563 »6,462,708
house
350, 542
284,823
476,261
Other assets
—
Total..
7,759,149
4,193
8,807,782
5,113
7,072,979
6,902,521
1,374,385
4,035,261
641,550
184,123
531,694
1,316,674
3,903,092
635,670
162,409
444,598
7,849,732
249,773
7,933,271
225,941
20,860,491
23,901,592
26,061,065
29,702,839
30,337,071
7,884,226
6,169,643
449,661
2,000,693
9,265,844
6,791,156
889,678
2,767,896
11,273,912
7,136,142
436,821
3,410,674
13,452,356
7,533,922
692,527
4,168,004
14,403,761
7,788,272
379,331
3,790,587
269,892
218,086
353,644
403,962
LIABILITIES
Demand deposits
Time deposits (including postal savings)....
United States Government deposits
Deposits of other banks
Certified and cashiers' checks and cash letters of credit and travelers' checks outstanding, etc
Total deposits
16,774,115 19,982,660 28,518,246
National-bank circulation
698, 293
730,435
222,095
15, 679
117,855
Bills payable and rediscounts
4,643
Agreements to repurchase securities sold
4,399
9,223
Acceptances executed by or for account of
4,194
reporting banks
_
139,904
232,678
Interest, taxes, and other expenses accrued
93,770
and unpaid
41, 741
41,617
Dividends declared but not payable and
42,335
amounts set aside for dividends not de21,004
clared-_
,
()
()
98,014
67,883
68,360
Other liabilities
Capital stock:
525,122
53,793
412,070
Preferred
1,284,381
1,461,854
1,325,757
Common
831,846
940, 598
854,057
Surplus
235, 600
297,967
257,311
Undivided profits, net
143,951
» 164, 709
» 151,267
Reserves for contingencies
_.._
3,151
571
Retirement fund for preferred stock
Total.—
1
20,860,491
23,901, 592
26,061,065
26,200,458 26,765,918
2,872
586
8,530
676
95,659
113,410
47,316
51,221
28,043
162,182
27,703157,453
1,247,886
973,393
443,489
298,977
1,283,154
1,073,154
346,039
389, 233
147,219
7,702
155, 623
29, 702,839
30,337,071
.
12,024
Licensed banks; i. e., those operating on an 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.
* Includes cash items not in process of collection.
* Dividends declared but not yet payable in 1932 were included with reserve for contingencies and in 1933
and 1934 with "Other liabilities." Amounts set aside for dividends not declared were not segregated from
reserves for contingencies prior to 1935.
«Includes reserves for dividends.
REPORT OF THE COMPTROLLER OF THE CURRENCY
153
Banks other than national
The cooperation of the Board of Governors of the Federal Reserve
System, the Federal Deposit Insurance Corporation, and the Banking
Departments of Alaska, the insular possessions, and the several
States of the Union make it possible for the Comptroller, as the law
requires, to present statistics in this report relating to active banks
other than national banking associations. In the statement following
and in other statements of the report, figures showing assets and
liabilities of loan and trust companies and stock savings banks are
combined with figures for State commercial banks.
Upon the assumption that differences in their names indicated
pronounced differences in the nature of their business activities, the
assets and liabilities of the institutions named have been shown
separately in previous annual reports. In former times material
differences may have existed. In these days, however, many loan
and trust companies and most stock savings banks receive deposits
subject to check and make loans in much the same manner and upon
much the same security that State commercial banks do. In some
States commercial banks without the word "Trust" in their title
exercise trust powers. It is well known, of course, that practically
all State commercial banks pay interest upon time deposits or operate
savings departments. The result is that although trust companies
and savings banks in some States may enjoy corporate powers that
enable them, should they desire, to limit their activities to fields that
cannot be invaded by State commercial banks, they do not generally
do so. Instead, such institutions for the most part have broadened
their activities to include general banking and, moreover, have seen
their own fields encroached upon by State banks organized primarily
to do a commercial banldng business. It is because of the foregoing
considerations that figures for loan and trust companies, stock
savings banks, and State commercial banks are again being combined
in this report, which practice was begun in 1936.
Although the foregoing remarks to some extent may apply to
private banks and to mutual savings banks, figures showing the
assets and liabilities of such institutions will be reported separately
as heretofore.
Officials of State banking departments and number of each class of active banks under their supervision in June 1937 from which reports of
condition were received
Banks
Names of officials
Location
Maine
New Hampshire
Vermont;
Massachusetts
Rhode Island.
Connecticut
_
_
Thomas A. Cooper
Clyde M. Davis
Donald A. Hemenway.
Wm. P. Husband, Jr_._
M. Joseph Cummings—
Walter Perry
Bank commissioner
Commissioner of "banking and insurance
Commissioner of banks.Chief of division of banking and insurance
Bank commissioner
William R. WhiteCarl K. Withers. ...
Luther A. Harr
Ernest Muncy
Warren F. Sterling..
Superintendent of banks
_
Commissioner of banking and insuranceSecretary of banking
State bank commissioner
Bank commissioner
M. E. Bristow
George Ward..
Gurney P. Hood
Edward A. Wayne..
R. E. Gormley
J. M. Lee.
J. H. Williams....
J. C. Fair.
J. S. Brock
„_ Z. Gossett..
G. S. Jernigan
Hiram Wilhoit
D. D. Robertson-
Commissioner of insurance and banking-.
Commissioner of banking
Commissioner of banks
Chief bank examiner
Superintendent of banks
Comptroller, State of Florida
Superintendent of banks.
State comptroller
State bank commissioner
__
_..
Commissioner, department of banking
Bank commissioner
_
Director, division of banking
Superintendent of banks
Total New England States..
NewYark
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States.
Virginia
_"
West Virginia
North Carolina.South Carolina.
Georgia
Florida...
_
Alabama
_
Mississippi
Louisiana
_
Texas
Arkansas
Kentucky
_
Tennessee
_
Total Southern States..
Ohio
_
Indiana
_
Illinois
Michigan.
Wisconsin
Titles
S. H. Squire.Richard A. McKinley..
Edward J. Barrett
Chas. T. Fisher, Jr
H. F.Ibach
Superintendent of banks
_
Director, department offinancialinstitutions.
Auditor of public accounts
Commissioner of banking
Secretary, State banking department
State
(com- Mutual
mercial) ] savings
32
44
14
193
9
73
Private
Total
63
57
49
267
23
142
232
365
601
311
158
392
30
124
13
135
25
7
2
12
460
184
420
32
136
13
1,028
181
1,245
191
107
196
130
230
109
149
182
116
417
173
337
240
191
107
196
131
230
109
149
182
116
417
173
337
240
2,577
2,578
448
372
572
387
496
465
404
572
387
500
Minnesota
Robert D. Beery
Iowa
D W. Bates
Missouri
0. H. Moberly
Total Middle Western States
Adam A. Lefor
North Dakota
South Dakota
James E Stewart
Nebraska
B. N. Saunders
Kansas
Elwood M Brooks
Montana
W. A. Brown
"Wvominsr
A E Wilde
Grant McFerson
Colorado
Woodlan P. Saunders
New Mexico
Oklahoma
Howard C. Johnson
Total Western States
C E Jenks
Washin ton
Mark Skinner
Oregon
California
Friend W Richardson
Geo W Wedgwood
Idaho
Utah
R. F. Starley
D G La Rue
Nevada
Lloyd Thomas
Arizona
Total Pacific States
Oscar G. Olson .
Alaska
The Territory of Hawaii
_ E. S. Smith
Puerto
Rico
Philippines
Total possessions
Total United States and possessions.
i Includes trust companies and stock savings banks.
Commissioner of banks
Superintendent of banking
Commissioner of finance
_.
_
State examiner
_
Superintendent of banks
Superintendent, department of banking
Bank commissioner
Superintendent of banks
__
State examiner
State bank commissioner
_ _
State bank examiner
Bank commissioner
. _
._
491
545
582
1
3,893
13
134
134
296
514
73
32
71
19
187
-
do
Commissioner of finance
Bank commissioner
Superintendent of banks
do.
_
Secretary, Territorial banking board
Bank examiner
Treasurer
_
Bank commissioner..
____
492
547
582
43
3,949
1
1
1,460
Supervisor of banking
Superintendent of banks
2
134
134
296
515
7,3
32
71
19
187
1,461
122
50
132
33
46
5
7
3
1
1
125
51
133
33
46
5
395
5
400
7
9
9
12
13
13
O
O
1
12
13
13
47
9,632
H
O
47
564
85
10, 281
o
d
O
Or
C7I
156
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of all active banks other than national,
June 30, 1933 to 1937, are shown in the following statement:
Assets and liabilities of all active banks other than national on or about June SO,
1988 to 1987
[In thousands of dollars]
1933 (9,722 1934 (10,472
1935 (10,622 1936 (10,429 1937 (10,281
banks) »
banks) l
banks)
banks)
banks)
ASSETS
Loans and discounts (including rediscounts). 14,260,399 13, 723,175
Overdrafts
10,235
7,647
U. S. Government securities, direct obliga3,764,423
5,349,932
tions
Securities fully guaranteed by XJ. S. Govern« 309,683
ment
6, 281,326
6,794, 609
Other bonds, stocks, securities, etc
741,137
628,556
Banking house, furniture and fixtures
505,459
693,166
Real estate owned other than banking house384,078
Cash in vault
361,566
Balances with other banks, including reserve with Federal Reserve bank or other
reserve agents, cash items in process of collection and exchanges for clearing house... * 3,261, 761 i 4,157,218
Other assets
743,476
721,904
13,044,560
13,070,056
5,761
13,877,944
7,337
6,123,836
7,767,195
7,666,512
987,209
6,389, 724
729,305
911, 564
379,063
1,143, 641
6,466,072
721,876
1,079,619
487,257
1,082,779
6,402,561
713,538
1,098,640
513,719
5,150, 264
610,484
6,737,026
503, 942
37,495, 742
38,603,998
8,253,193 10,283,166 11,952,497
15, 649,667 15,991,973 16,511,364
847,005
387,594
454,975
1, 750, 533 2,152, 737 2,737,790
12,528,727
17,262,777
293,554
2,560,716
480,144
2,592
410,683
Total deposits
_.
U, 759, S55 26,692, 381 29,067,877
43,359
56,697
Bills payable and rediscounts
386,028
172,371
297
6,205
Agreements to repurchase securities sold...
Acceptances executed by or for account of
17, 576
10, 529
112, 346
135,530
reporting banks.
Interest, taxes, and other expenses accrued
212, 509
163,478
24,460
and unpaid
Dividends declared but not payable and
34,683
32,165
amounts set aside for undeclared dividends
and for accrued interest on capital notes
5,360
5,430
and debentures
365,123
287, 519
Other liabilities
_
_
502, 532
Capital stock, capital notes and debentures:
244,719
322,461
274, 756
Capital notes and debentures
190,178
129,203
185, 947
Preferred stock
1,383,894
1,294,954
1,369,295
1,335,237
Common stock
2,430,723
2, 320, 634 2, 261, 716 2,435, 025
Surplus
360,388
410,646
386,131
319,824
Undivided profits, net
* 323,914
276,413
< 303,471
Reserves for contingencies
\
370,684
Retirement fund for preferred stock, capital
79
3,688
notes and debentures
1,152
37,495,742
Total..
30,441,417 32,258,333
34,331,992
33,056,457
46,448
TotaL
10,441,417
32, 258,333
34,331,992
LIABILITIES
7, 364, 638
Demand deposits
Time deposits (including postal savings).__ 15,183,021
410,738
United States Government deposits
1,364,192
Deposits of other banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks outstanding, etc
409, 750
27,016
Deposits not classified
166,202
25.781
19, 727
193
163,370
19, 738
17,552
275,974
184,964
173,218
1,310,337
2,627,330
398, 504
319,645
10,268
i Licensed banks; i. e., those operating on an 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.
»Includes cash items not in process of collection.
«Includes reserves for dividends.
157
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of State (commercial) banks June 30,1933
to 1937, are shown in the following statement:
Assets and liabilities of State (commercial) banksf June 1983 to 1937l
[In thousands of dollars]
1933 (8,962
banks) a
1934 (9,658
banks)»
8,296,613
7,538
7,947,672
5,946
7,581,772
5,115
7,849,387
4,885
8,759,920
6,146
3,212,610
4,176,579
4,476,515
5,576,638
5,155,018
3, 233,260
601,697
249,040
320,015
a 239,607
3,008,796
482,336
309, 608
305,918
790,995
3,322,440
585,337
365,365
330,371
3,607,940
580,286
410,473
433,210
832,665
3,501,675
572,706
399,085
456,597
4,584,684
400,047
5,620,525
363,832
6,108,759
361,585
1935 (9,808 1936 (9,732 1937 (9,632
banks)
banks)
banks)
ASSETS
Loans and discounts (including rediscounts)
Overdrafts
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S. Government
Other bonds, stocks, securities, etc
Banking house, furniture and fixtures
Real estate owned other than banking houseCash in vault
Balances with other banks, including reserve with Federal Reserve bank or other
reserve agents, cash items in process of
collection, and exchanges for clearing
house
Other assets
Total..
1
2,888,711 ' 3,607,785
617,877
576,346
1
19,427,361
20,660,593
22,442, 641
7,342,451
5,462,316
410, 738
1,364,014
8,053,683
5, 789,476
9,948,784
6,019, 216
387,593
2,071,915
11,508,736
6,417,171
454,975
409, 592
24,225
165,903
25,708
189, 276
19,720
479,412
2,575
25,355, 515 26,154,156
LIABILITIES
Demand deposits
Time deposits (including postal savings)
United States Government deposits
Deposits of other banks
Certified and cashiers' checks and cash
letters of credit and travelers' checks outstanding, etc
Deposits not classified..
2,633,413
12,002,715
7,017,033
293,554
2,469,718
409,722
Total deposits
16,013,336 16,6 U, 661 18,636,604 21,496,282 22,192,742
Bills payable and rediscounts
152, 557
45,012
368,939
34,925
37,906
Agreements to repurchase securities sold
10, 529
6,205
Acceptances executed by or for account of
17,576
297
193
reporting banks
134,135
107,078
Interest, taxes, and other expenses accrued
212,509
112,346
121,066
30, 207
and unpaid
-15,721
Dividends declared but not payable and
31,449
17,707
17,961
amounts set aside for undeclared dividends and for accrued interest on capital
notes and debentures
2,030
14,052
1,725
248,744
Other liabilities
310,992
263,940
474,608
315,188
Capital stock, capital notes and debentures:
293, 761
249,136
226,132
167,992
Capital notes and debentures
129,203
19A178
Preferred stock
185,947
173,218
1,379,031 1,313,688
Common stock
1, 266,174 1,248,529 1,266,808
1, 373,028 1,197,901 1, 235, 244 1,270,873 1,394,560
Surplus
210,978
239, 299
179,822
Undivided profits, net
235,857
265,102
230, 789
Reserves for contingencies
«299,485
248,994
« 291, 783
273, 210
Retirement fund for preferred stock, capital
3,457
notes and debentures
1,139
79
9,847
Total
19,427,361 20,660,593 22,442,641 25,355, 515
26,154,156
1
2
3
Includes trust companies and stock savings banks, which were shown separately in reports prior to 1936.
Licensed banks; i. e., those operating on an 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.
* Includes cash items not in process of collection.
«Includes reserves for dividends.
158
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities ofmutual savings banks June 30, 1933 to
1937, are shown in the following statement:
Assets and liabilities of mutual savings banks, June 1988 to 1987
[In thousands of dollars]
Loans and discounts (including rediscounts)
Overdrafts
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S. Government
Other bonds, stocks, securities, etc.
Banking house, furniture and fixtures
Real estate owned other than banking
house
Cash in vault.
Balances with other banks, including reserve with Federal Reserve bank or other
reserve agents, cash items in process of
collection, and exchanges for clearing
house
Other assets
_
Total-
1933 (576
banks) 1»
1934 (578
banks) 12
1935 (571
banks) *
1936 (566
banks)
5,941,048
5, 647,308
2
5,342,477
5,113,633
1
5,010,953
550,265
991,998
1,379,429
1,851,139
2,145,526
3, 552, 911
138, 252
3 69,270
3,195,394
138,021
189,442
2,942, 549
135,611
230,866
2, 771,372
134,014
245,501
2, 786,942
133,500
253,482
62,781
378,762
53,332
536,915
46,544
667, 399
52,177
697,998
55,577
• 365,759
102, 645
«461,038
129,943
< 476,269
123,283
492,428
' 96,027
473,474
95,262
ity 967,143
11,065,068
11,172,520
11,409,056
11,644,741
3,132
0,709,861
113
2,526
9, 777,296
241
1,894
9,917,645
253
3,704
10,055,981
153
4,227
10,208,880
216
1937 (564
banks)
LIABILITIES
Demand deposits
Time deposits (including postal savings)...
Deposits of other b a n k s . .
_
Certified and cashiers' checks and cash
letters of credit and travelers' checks
outstanding, etc
Deposits not classified
_
Total deposits
Bills payable and rediscounts
_.
Interest, taxes, and other expenses accrued
and unpaid
_
Amounts set aside for dividends and for
accrued interest on capital notes and
debentures
Other liabilities
Capital notes and debentures
Surplus
_.
Undivided profits, net
Reserves for contingencies
Retirement fund for capital notes and
debentures
Total...
126
20
9,118,252
16, 271
9,780,099
6,369
9,919,846
4,935
10,059,951
3,439
10,218,402
2,768
3,158
1,648
7,604
6,751
1,775
24,706
13,752
« 28, 700
1,073, 097
144,353
« 17,050
3,365
12,024
» 25,620
977,178
139,016
82,919
3,400
14,911
18,587
1,131,767
148,966
21,053
3,500
19, 513
16,972
1,200,294
162,231
23,865
13
231
421
11,172,520
11,409,056
11,644,741
1 1,054,370
144,687
« 10, 699
10,967,143
79
11,065,068
1 Includes 1 stock savings bank.
» Licensed banks; i. e., those operating on an unrestricted basis, together with banks having limitations
on deposit withdrawals in 1 State.
8 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.
* Includes cash items not in process of collection.
»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, amount of savings deposits, and average deposit account, by States, June
SO, 1986 and 1937
1937
1936
Location
M!aine
New Hampshire
- -Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States..
New York „
New Jersey
.
__
Pennsylvania
Delaware
Maryland
Total Eastern States
Ohio
Indiana
Wisconsin
Minnesota...
Total Middle Western States..
Washington
Oregon
.
__
California
Total Pacific States.
Total United States
Number
of
Depositorsl
banks
- - --
_-
. . .
_
_
.__
...
Deposits *
32
«45
14
193
9
73
236,778
277,534
10.5,828
2,851,227
187,248
949,959
$123,230,000
186,109,000
67,195,000
2,112,468,000
171,521,000
690,345,000
366
4,608,574
3,350,868,000
135
6 25
7
2
13
6,451,000
512,538
667,812
51,538
7 377,573
• 5,216,960,000
322,427,000
548,771,000
31,957,000
212, 717,000
182
8,060,461
6,332,832,000
3
5
4
1
177, 652
28,611
21.313
94,497
118,055,000
19,194,000
4,061,000
64,939,000
13
322,073
206,249,000
3
1
1
103,440
1,403
69,094
57,705,000
1,099,000
88,416,000
Average
due each
depositor
Number
of
Depositors1
banks
Deposits»
Average
due each
depositor
32
8 44
14
193
9
73
241,661
280,028
101,109
2,848.388
190,842
981,611
727.09
365
4,643,639
3,424,707,000
737.51
808.71
629.08
821. 74
620.07
563.38
«135
25
7
2
12
6,467,553
523,810
683,368
54,243
405,007
* 5,246,087,000
328,979,000
571,906,000
35,100,000
219, 671,000
811.14
628.05
836.89
647.09
542.39
785. 67
181
8,133,981
6,401,743,000
787. 04
664. 53
670.86
190. 54
687. 21
3
5
4
1
170,687
30,096
21,408
90,043
118,271,000
19,534,000
4,432,000
66,412,000
692.91
649.06
207.03
737. 56
640. 38
13
312,234
208,649,000
668. 25
557.86
783. 32
1,279. 65
3
1
1
106,043
1,773
67,935
61,361,000
1,522,000
87,756,000
578.64
858.43
1,291.76
$520.45
670.58
634. 94
740.90
916.01
726.71
$126,427,000
189,659,000
64,076,000
2,153,899,000
175,557,000
715,089,000
$523.16
677.29
633. 73
756.18
919.91
728.49
" 5
173, 937
147,220,000
846. 40
5
175,751
150,633,000
857.12
566
13,165,045
10,037,169,000
762.41
564
13,265,605
10,185, 738,000
767.83
1 Represents number of savings passbook accounts.
2
Represents deposits evidenced by savings passbooks and time certificates of deposit.
3 Includes 10 guaranty savings banks.
«Includes Christmas savings and similar accounts.
«Jan. 1, 193V.
«Includes 2 "associations," which formerly have been classified as mutual savings banks. These institutions possess the characteristics of both a savings bank and a building
7
and loan association, in that all of the deposits are invested in bonds and mortgages and each depositor has the privilege of making a mortgage loan.
Dee. 31,1935.
g
n
o
o
E3
H
o
d
w
I
a
Or
CO
160
REPORT OF THE COMPTROLLER OF THE CURRENCY
Number of mutual savings banks in the United States, number of savings depositors,
amount of savings deposits, and average amount due each depositor June SO,
1914 to 1937, inclusive
[For prior years, see annual report for 1920, vol. 1, pp. 236-242]
Year
1914
1915
1916
1917
1918
1919 , .
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935.
.
1936
1937
.
Banks
- .
_ .
_
_
_
'_
_
. .
_-
634
630
622
622
625
622
620
623
619
618
613
611
620
618
616
611
606
600
594
576
578
571
566
564
Depositors *
8,274,418
8, 305, 562
8, 590,746
8,935,055
9, Oil, 464
8,948,808
9,455, 327
9, 619, 260
9,665, 861
10, 057, 436
10,409, 776
10,616,215
11,053,886
11,337,398
11, 732,143
11, 748,085
11,895,075
12,356,114
12, 521, 750
12,683, 788
13, 077, 111
13, 213, 211
13,165,045
13,265,605
Deposits*
$3,915,143,000
3, 946,069,000
4,135, 552,000
4,340,805,000
4,344,166,000
4,723,629, 000
5,172,348, 000
5,395, 552. 000
5,686, 720', 000
6,282, 618,000
6, 686,366,000
7,139, 510, 000
7, 558,668,000
8, 054,868,000
8, 665, 592, 000
3 8,981,020, 000
9,190,969, 000
10,017,225,000
10,021,852,000
9,699, 509,000
B, 764, 596,000
9,902,107, 000
10,037,169, 000
10,185,738,000
Average
due each
depositor
$473.16
475.11
481.40
485.82
482.07
527.85
547.61
560.91
588.94
624. 67
642.32
672.51
683.80
710.47
738.62
* 764.47
772.67
810.71
800.36
764.72
746.69
749.41
762. 41
767.83
i Represents number of savings passbook accounts.
» Represents deposits evidenced by savings passbooks and time certificates of deposit.
* Revised since published in reports prior to 1936.
NOTE —Figures for stock savings banks not published separately since 1935.
of banks on p . 153 of this report.)
(See reference to this class
REPORT OF THE COMPTROLLER OF THE CURRENCY
161
The assets and liabilities of private banks June 30, 1933 to 1937,
are shown in the following statement:
and liabilities of private banks, June 1933 to 1937
[In thousands of dollars]
Loans and discounts (including rediscounts)..
Overdrafts
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S. Government
Other bonds, stocks, securities, etc
Banking house, furniture and fixtures
Real estate owned other than banking house
Cash in vault
Balances with other banks, including reserve with
Federal Reserve bank or other reserve agents, cash
items in process of collection, and exchanges for
clearing house
Other assets
Total..
LIABILITIES
Demand deposits
Time deposits (including Postal Savings)
U. S. Government deposits
_
Deposits of other b a n k s . _
Certified and cashiers' checks and cash letters of
credit and travelers' checks outstanding, e t c . . . . . . .
Deposits not classified
_
Total deposits
Bills payable and rediscounts
Acceptances executed by or for account of reporting
banks
Interest, taxes, and other expenses accrued and unpaid
Dividends declared but not payable and amounts set
aside for undeclared dividends and for accrued
interest on capital notes and debentures
Other liabilities
Capital
Surplus
Undivided profits, net
Reserves for contingencies
Total..
1933 (184
banks)
1934 (236
banks) »
1935 (243
22,738
109
1,548
128,195
4,287
181, 355
2 806
77,136
8,199
4,796
2,316
120, 311
867
267,892
6,772
124,735
8,357
9,284
2,148
107,036
875
339,418
4,436
86, 760
7,576
1,747
1,870
107,071
1,183
365,968
4,613
113,944
7,332
1,557
1,545
3 7, 291 3 88,395
1,382
37,187
46,913
532, 672
»89,311
87,154
716, 831
140,745
40, 70S
731,171
154, 793
47,095
805,101
19,055
10,844
332,488
55,112
1
80,569
440,057
38,212
521, 785
36,864
65
196,984
82,895
17
87,489
104, 224
90, 782
32
2,771
32,767
818
281
55
367,721
13,445
43,357
511,527
6,750
583,129
4,995
650, SIS
5,774
8,438
1,188
2,937
1,282
banks)
l
1936 (131
banks)
1937 (85
banks)
29,343
28, 452
42,304
76
310
163
2
3,218
4,863
3,325
857
6,752
55,607
49, 636
2,479
* 7,379
270
11, 555
69,063
49, 294
986
38,771
39,220
46,425
32,385
444
24,571
7,717
43, 529
32,476
416
22, 570
46,913
532,672
716,831
731,171
805,101
1
2
Licensed banks, i. e., those operating on an 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.
s Includes cash items not in process of collection.
* Includes reserves for dividends.
In the preceding summary, showing the assets and liabilities of
private banks as of June 30 each of the 5 years 1933 to 1937, there are
shown for the years 1936 and 1937 only the returns of associations
which were doing business under the supervision of State authorities.
Section 21 (a) of the Banking Act of 1933 provided, in part, that
after June 16, 1934, private banks not under State supervision would
be required to submit to periodic examination by the Comptroller of
the Currency or by the Federal Reserve bank, also to make to the
Comptroller and publish periodic reports of condition the same as
required of national banks.
However, under section 303 of the Banking Act of 1935, section
21 (a) of the Banking Act of 1933 was amended to provide that it
shall be unlawful for private banks to operate unless they—
(A) shall be incorporated under, and authorized to engage in such business by
the laws of the United States or of any State, Territory, or District; or
162
REPORT OF THE COMPTROLLER OF THE CURRENCY
(B) shall be permitted by any State, Territory, or District to engage in such
business and shall be subjected by the law of such State, Territory, or District
to examination and regulation; or
(C) shall submit to periodic examination by the banking authority of the
State, Territory, or District where such business is carried on and shall make and
publish periodic reports of its condition, exhibiting in detail its resources and liabilities, such examination and reports to be made and published at the same times
and in the same manner and under the same conditions as required by the law of
such State, Territory, or District in the case of incorporated banking institutions
engaged in such business in the same locality.
It will be noted from the foregoing that private banks are no longer
required to submit to examination by the Comptroller of the Currency
or the Federal Reserve bank, nt>r are they required to make to the
Comptroller and publish periodic reports of condition. The last condition reported rendered to the Comptroller by private banks was
as of June 1935.
BANKS IN THE DISTRICT OF COLUMBIA
The statement following shows the amount of assets and liabilities
of banks in the District of Columbia, by classes, on June 30, 1937:
Assets and liabilities of banks in the District oj Columbia, by classes, June SO, 1987 l
[In thousands of dollars]
Total all National
banks
banks
Number of banks
Trust
companies
Savings
and State
banks
22
ASSETS
Loans and discounts:
Commercial paper bought in open market.
Loans to banks and trust companies:
On securities
_._
Loans on securities, exclusive of loans to banks:
To brokers and dealers outside New York City
Toothers
Real estate loans, mortgages, deeds of trust, and other liens
on real estate:
On farm land
...
On other real estate
All other loans
_
Total
Overdrafts
_
U. S. Government obligations, direct and fully guaranteed:
Direct obligations of the United States Government:
Treasury bonds maturing on or before Dec. 31, 1949
Treasury bonds maturing after Dec. 31, 1949
_.
Other United States bonds
.__.
Treasury notes
Treasury bills
Subtotal
Obligations guaranteed by the U. S. Government as to
interest and principal:
Federal Farm Mortgage Corporation..
_.
Home Owners' Loan Corporation
Subtotal
Total U. S. Government obligations, direct and fully
guaranteed
Other bonds, stocks, and securities:
Obligations of—
Federal land banks.
Federal intermediate credit banks
Joint-stock land banks
States, counties, and municipalities
Territorial and insular possessions of the United States..
1 Exclusive of the Export-Import Bank of Washington.
2,515
1,780
120
120
508
25,560
420
15, 222
81
8,024
7
2,314
118
34,935
39,133
44
5,806
24, 088
44
23,032
6,049
30
6,097
102,889
47,480
37,230
18,179
35
28
24,438
45,000
180
27, 642
178
16, 549
24,721
60
20, 781
178
7,834
18,887
30
5,623
55
1,412
90
1,238
97,438
62,289
32,354
2,795
3,724
15,393
1,581
9,824
1,816
5,145
327
424
19,117
11, 405
6,961
751
116,555
73, 694
39,315
3,546
2,803
110
130
2,647
300
1,164
110
120
1,545
200
1,468
171
1,036
100
10
66
KEPORT OF THE COMPTROLLER OF THE CURRENCY
163
Assets and liabilities of banks in the District of Columbia, by classes> June 80, 1987—
Continued
[In thousands of dollars]
Total all National
banks
banks
Trust
companies
Savings
and State
banks
ASSETS—continued
Other bonds, stocks, and securities—Continued.
Bonds, notes, and debentures (not including stock) of other
domestic corporations:
Railroads
Public utilities
Real estate corporations
Other domestic corporations
Stock of Federal Reserve bank
Stock of other domestic corporations:
Real estate corporations
Banks a n d banking corporations
Other domestic corporations
Fofeign securities:
Obligations of foreign central governments
_.
Obligations of foreign provincial, State, a n d municipal
governments
_.
Other foreign securities
__.
Total other bonds, stocks, and securities _
Customers' liability on account of acceptances
n__.
Banking house, furniture and fixtures
Real estate owned other t h a n banking house
Reserve with reserve banks
Cash, balances with other banks, a n d cash items in process of
collection:
D e m a n d balances with other banks in the United States (except Federal Reserve banks, private banks, a n d American
branches of foreign banks):
D u e from banks in N e w York C i t y
D u e from banks elsewThere in t h e United States
Cash items in process of collection, including items forwarded to Federal Reserve banks a n d exchanges for clearing house
T i m e balances with other banks in t h e United States (except private banks a n d American branches of foreign
banks)
Balances with private b a n k s a n d American branches of foreign banks
Balances with banks in foreign countries (including balances
with foreign branches of other American banks b u t excluding amounts due from own foreign branches)
Cash in vault
5,307
5,717
110
3,212
887
2,928
2,902
23
1,734
440
2,011
2,421
56
1,142
447
394
31
336
2,409
35
832
237
2,054
25
593
355
1
2
900
718
149
3a
161
194
126
34
20
145
15
15
25,754
12,290
11,667
1,797
12
15, 225
4,272
47,204
12
6,220
915
27, 749
7,850
3,269
15, 577
1,155
88
3,87&
7,999
12,180
5,275
7,945
2,483
3,876
241
359
12,837
7,890
3,637
1,310
250
5
40
205
112
58
56
40
9,060
7
5, 308
31
2,643
2
1,109
42,478
Total.
Cash items not in process of collectionOther assets
Total assets.
12, 766
3,226
73
799
61
165
11
530
1
104
355, 296
195,100
128, 219
31,977
171,943
584
70
102, 865
533
43
57,012
12,066
46
27
21,397
19,826
1,402
109
LIABILITIES
D e m a n d deposits:
Deposits of individuals, partnerships, and corporations
U . S. Government deposits
State, county, and municipal deposits.
Deposits of other banks in the United States (except private
banks a n d American branches of foreign banks)
Deposits of private banks and American branches of foreign
banks__
___
"__.
Deposits of banks in foreign countries (including balances
of foreign branches of other American banks b u t excluding
amounts due to own foreign branches).
.—
Certified a n d cashiers' checks (including dividend checks),
letters of credit and travelers' checks sold for cash, a n d
amounts due to Federal Reserve bank (transit account).
190
327
Total
T i m e deposits:
Deposits of individuals, partnerships, a n d corporations:
Certificates of deposit (other t h a n for money borrowed).
Open accounts
Christmas savings and similar accounts
Deposits evidenced b y savings pass books
Postal savings deposits
1,790
4,629
3,584
97, 536
450
91
2S5
42
3,7
1,839
127,444
iO, 446
12,594
1,702
2,500
1,309
41,104
412
73
564
1,122
43,710
15
1,565
1,153
12,722
38
346
164
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of banks in the District of Columbia, by classes, June 30, 1987—
Continued
[In thousands of dollars!
Total all National
banks
banks
Trust
companies
Savings
and State
banks
LIABILITIES—continued
Time deposits—Continued.
Deposits of other bajiks in the United States (except private banks and American branches of foreign banks).-.
Total
Total deposits
Secured by pledge of loans and/or investments
Not secured by pledge of loans and/or investments.-Acceptances executed by other banks for account of reporting
banks
-.. Interest, taxes, and other expenses accrued and unpaid
__.
Dividends declared but not yet payable and amounts set aside
for dividends not declared
Other liabilities
Capital notes and debentures..
Capital stock (see Tri@rnnr?vndft h^low)
Undivided profits, net
-Reserves for contingencies --__ .Retirement fund for preferred stock and capital notes and debentures
-- -- Total capital account
Total liabilities, including capital account
Memoranda:
Par value of capital stock:
Preferred..
...
.
Common
Total
,
Loans and investments pledged to secure liabilities:
U. S. Government obligations, direct and fully guaranteed
Other bonds, stocks, and securities
Loans and discounts
Total
Pledged—
Against U, S. Government and postal savings deposits
Against deposits of trust department
Against other deposits
With State authorities to qualify for the exercise of
fiduciary powers For other purposes.—
Total
338
290
108,327
47,317
45,469
15,541
308,811
174,761
105,915
28,135
10,796
298,015
8,258
166,503
2,340
103, 575
198
2-7,937
12
726
12
303
317
106
197
761
1,432
19,812
14,222
7,463
1,640
93
415
93
96
614
9,400
7,927
3,161
696
11
250
818
1,200
813
374
166
9,212
5,482
3,928
778
48
220
116
44,789
19,516
21,798
3,475
355,296
195,100
128, 219
31,977
1,562
18,250
1,562
7,65'»
9,400
1,200
19,812
9,212
9,400
1,200
18,367
1,053
12,085
851
6,044
189
238
13
19,420
12,936
6,233
251
1,130
4,643
8,571
1,052
1,271
8,268
3,372
175
128
5,018
58
2,337
8
2,681
5
45
19,420
12,936
6,233
251
104
78
REPORT OF THE COMPTROLLER OF THE CURRENCY
165
Assets and liabilities of all banks in the District of Columbia at date of each call
during year ended Oct. 31, 1937
[In thousands of dollars]
Dec. 31,
1936 (22
banks)
Mar. 31,
1937 (22
banks)
June 30,
1937 (22
banks)
ASSETS
Loans and discounts (including rediscounts)
Overdrafts
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S Government
Other bonds, stocks, securities, etc
_
Customers' liability account of acceptances
Banking house, furniture and
fixtures
_
_.
Real estate owned other than banking house
Reserve with Federal Reserve bank and approved Reserve agencies.
Cash in vault
Balances with other banks and cash items in process of collection
Cash items not in process of collection
Other assets
Total.
95,217
17
84,130
22,638
27, 765
25
15,286
4,651
59,604
11, 323
57,907
40
723
97,893
22
99,113
20,428
28,230
27
15,263
4,398
56,663
11,388
52,261
62
1,012
102,889
35
97,438
19,117
25, 754
12
15,225
4,272
47, 204
9,060
33,418
73
799
379,326
386,760
355,296
191,330
109,115
1,244
27, 333
198, 634
112,562
1,426
24,867
172,013
107,989
584
22,252
5, 022
824, 064
25
720
3,749
841,238
12,167
829,071
27
657
5,973
808,811
10,796
298,015
12
726
284
538
19,900
1,495
13,930
6,700
1,507
183
217
648
19,812
1,432
14,146
6,772
1,619
192
197
761
19,812
1,432
14,222
7,463
1,640
220
379, 326
386, 760
355,296
1,650
18,250
1, 562
18, 250
1,562
18,250
19,900
19,812
19,812
17, 591
1,371
20,469
1,393
18,367
1,053
18,962
21,862
19,420
2,884
2,803
8,287
2,733
5,995
8,215
1,130
4,643
8,571
4,929
59
4,858
61
5,018
58
18,962
21,862
19,420
LIABILITIES
Demand deposits
Time deposits (including postal savings)
U. S. Government deposits
_
_
Deposits of other banks—
Certified and cashiers' checks, cash letters of credit and travelers'
checks outstanding, etc
Total deposits
Secured by pledge of loans and/or investments
Not secured by pledge of loans and/or investments
Acceptances executed by other banks for account of reporting banks.
Interest, taxes, and other expenses accrued and unpaid
Dividends declared but not yet payable and amounts set aside for
dividends not declared
-Other liabilities
Capital stock (see memoranda below)
Capital notes and debtentures
Surplus.
Undivided profits, net
Reserves for contingencies
Retirement fund for preferred stock and capital notes and debentures.
Total.
Memoranda:
Par value of capital stock:
Preferred stock
Common stock
TotalLoans and investments pledged to secure liabilities:
U. S. Government obligations
_
Other bonds, stocks, and securities..:
Loans and discounts
_
Total.
Pledged:
Against U. S. Government and postal savings deposits.
Against deposits of trust department
_.
Against other deposits
.__
With State authorities to qualify for the exercise of fiduciary
powers
For other purposes
_
TotaL
166
REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of banks in the District of Columbia,
June 30, 1933 to 1937, are shown in the following statements:
Assets and liabilities of all banks in the District of Columbia June 80, 1983-87
[In thousands of dollars]
1933 (20
banks)}
1934 (21
banks)»
1935 (22
banks)
1936 (22
banks)
89,030
27
62,071
88,657
33
27,929
15,821
4,924
9,978
75,282
2 726
27,367
15,719
5,314
7,828
82,540
25
65,249
24,858
27,055
15,627
6,032
9,595
91,040
24
74,223
23,211
28,028
15,401
5,522
11,390
102,889
35
97,438
19,117
25,754
15,225
4,272
9,060
»47,005
909
» 59,709
1,350
3 77,324
1,436
100,815
974
80, 622
257,694
281,985
309,741
350,628
355,296
Demand deposits
Time deposits (including postal savings)
U. S. Government deposits
Deposits of other banks
Certified and cashiers' checks and cash letters of
credit and travelers' checks outstanding, etc
109,587
83,672
2,360
13,969
119,879
137,032
103,352
903
20,748
166,600
106,625
1,315
25,836
172,013
107,989
584
22,252
3,295
3,768
4,528
6,037
5,973
Total deposits.
National-bank circulation
Bills payable and rediscounts
Agreements to repurchase securities sold
_Acceptances executed by or for account of reporting
banks
Interest, taxes, and other expenses accrued and undd.
paid
Dividend declared but not payable and amounts set
aside for dividends not declared
Other liabilities
Capital stock, capital notes and debentures:
Capital notes and debentures
Preferred stock
_
_
Common stock
Surplus
_
Undivided profits, net
Reserves for contingencies
Retirement fund for preferred stock and capital notes
and debentures
Total..
£12,883
4,413
230
87
236,133
2,852
234
21
266,563
962
130
306,413
308,811
44
16
12
710
723
755
726
886
156
96
189
660
197
761
17,350
13, 765
4,785
8
2, 578
1,850
1,500
18,485
13,175
4,412
« 1,720
1,850
1,650
18,235
13,090
4,917
1,245
1,550
1,650
18,250
13,481
6,292
1,343
1,432
1,562
18,250
14,222
7,463
1,640
80
257,694
281,985
309,741
25
350, 628
355,296
1937 (22
banks)
ASSETS
Loans and discounts (including rediscounts)
Overdrafts
_
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S. Government....
Other bonds, stocks, securities, etc
Banking house, furniture and fixtures._ _
Real estate owned other than banking house
Cash in vault
_
Balances with other banks, including reserve with
Federal Reserve bank or other Reserve agents,
cash items in process of collection, and exchanges
for clearing house
Other assets
Total..
LIABILITIES
92,992
3,271
16,223
11
0)
4
220
* Licensed banks; i. e., those operating on an 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.
«Includes cash items not in process of collection.
< Dividends declared but not yet payable were included with "Other liabilities" In 1933 and 1934.
Amounts set aside for dividends not declared were not segregated from reserves for contingencies prior to
1935.
• Includes reserves for dividends.
REPORT OF THE COMPTROLLER OF THE CURRENCY
167
Assets and liabilities of national banks in the District of Columbia June 80, 1988-87
[In thousands of dollars]
1933 (8
banks) *
1934 (9
banks) »
1935 (9
banks)
1936 (9
banks)
1937 (9
banks)
ASSETS
Loans and discounts (including rediscounts)
Overdrafts
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S. Government—.
Other bonds, stocks, securities, etc
Banking house, furniture and fixtures
Real estate owned other than banking house
Cash in vault
Balances with other banks, including reserve with
Federal Reserve bank, cash items in process of collection, and exchanges for clearing house
Other assets
Total—.
4,375
42,750
18
51, 259
2 310
11,271
6,294
1,082
5,049
38,642
16
47, 534
12,665
12,147
6,278
1,105
5,714
41,540
20
48, 731
12, 985
12,934
6,250
1,074
7,009
47,480
28
62, 289
11,405
12,290
6,220
915
5,308
3 48,440
584
173,125
64,973
331
142,039
» 40,345
538
158,916
195,847
48,927
238
195,100
62,908
42,070
2,329
11,859
71,973
45,841
3,223
14,452
81,205
48,831
882
19,673
48,094
1,213
24,035
102,908
47, 027
538
20,500
46,570
10,911
6,283
1,002
5,867
«29,633
LIABILITIES
Demand deposits
Time deposits (including postal savings)
U. S. Government deposits
_
Deposits of other banks
Certified and cashiers' checks and cash letters of
credit and travelers' checks outstanding, etc
Total deposits
National-bank circulation
i
Agreements to repurchase securities sold
Acceptances executed by or for account of reporting
banks
_
Interest, taxes, and other expenses accrued and
unpaid
Dividends declared but not payable and amounts set
aside for dividends not declared
Other liabilities
Capital stock:
Preferred
Common
Surplus
Undivided profits, net
Reserves for contingencies
Retirement fund for preferred stock
Total
_
2,599
2,944
3,581
4,376
3,788
121,765
4,413
87
138,438
2,852
154,172
962
176,584
174,761
7
44
16
262
291
315
0)
6,950
5,100
2,549
• 803
1,500
7,950
4,850
2,352
«645
142,039
158,916
12
303
56
47
85
501
93
415
1,650
7,650
4,750
2,886
518
75
173,125
1,650
7,650
5,092
3,411
589
1,562
7,650
5,482
3,928
778
116
195,100
195, 847
i Licensed banks; i. e., those operating on an 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.
8
4 Includes cash items not in process of collection.
Dividends declared but not yet payable were included with "Other liabilities" in 1933 and 1934.
Amounts set aside for dividends not declared were not segregated from reserves for contingencies prior to
1935.
«Includes reserves for dividends.
27021—38
168
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of loan and trust companies in the District of Columbia June
SO, 1983-87
[In thousands of dollars]
1933 (5
banks)1
Loans and discounts (including rediscounts)—
Overdrafts
U. 8. Government securities, direct obligations
Securities fully guaranteed by U. S. Government—
Other bonds, stocks, securities, etc
Banking house, furniture and fixtures
Real estate owned other than banking house
Cash in vault
Balances with other banks, including reserve with
Federal Reserve and other Reserve banks, cash
items in process of collection, and exchanges for
clearing house
Other assets
1935 (5
banks)
1936 (5
banks)
1937 (5
banks)
34,117
2
23,140
9,325
12,467
7,997
4,234
3,220
37,230
4
32,354
6,961
11,667
7,850
3,269
2,643
30, 200
587
125,289
25,700
541
128,219
56,338
44,561
1,510
57,012
45,469
1,595
14,813
8,295
3,692
3,539
35,762
13
22,291
2 275
13,551
8,206
3,994
2,221
« 15,337
500
s 15,606
759
« 24,785
799
98,500
102,678
112,943
Demand deposits
Time deposits (including postal savings)
Deposits of other banks
Certified and cashiers' checks and cash letters of
credit and travelers' checks outstanding, etc
41,631
32,232
2,059
41,205
36,830
1,678
47,317
42,810
649
709
737
1,395
1,839
Total deposits
Bills payable and rediscounts
Agreements to repurchase securities sold
Interest, taxes, and other expenses accrued and unpaid
Dividends declared but not payable and amounts
set aside for dividends not declared and for accrued
interest on capital notes and debentures
Other liabilities
Capital stock, capital notes, and debentures:
Capital notes and debentures
Common stock
Surplus
_
_
Undivided profits, net
Reserves for contingencies
76,571
80,4X2
134
21
91,849
55
103,804
106,916
325
316
336
317
Total™.
37,630
12
14,682
1934 (5
banks)i
32,267
16,796
10,532
12,041
8,100
4,670
2,946
LIABILITIES
Total....
9,400
7,700
2,033
•1,688
1,000
9,400
7,700
1,901
« 931
1,000
9,400
7,700
1,844
671
93
34
700
9,400
7,709
2,567
646
98,500
102,678
112,943
125,289
802
15
614
9,400
7,927
3,161
128,219
1
Licensed banks; i. e., those operating on an unrestricted basis.
1
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.
8
Includes
cash items not in process of collection.
4
Dividends declared but not yet payable were included with "Other liabilities" in 1933 and 1934.
Amounts set aside for dividends not declared were not segregated from reserves for contingencies prior to
1935.
6
Includes reserves for dividends.
EEPOET OF THE COMPTROLLER OF THE CURRENCY
169
Assets and liabilities of savings and State banks in the District of Columbia June 80,
1983-87
[In thoasands of dollars]
1933 (7
banks)
1934 (7
banks) 1
1935 (S
banks) »
1936 (8
banks)
1937 (8
banks)
ASSETS
Loans and discounts (including rediscounts)
Overdrafts
_
U. S. Government securities, direct obligations
Securities fully guaranteed by U. S. Government
Other bonds, stocks, securities, etc.
_
Banking house, furniture and fixtures
Real estate owned other than banking house..
Cash in vault..
_
Balances with other banks, including reserve with
reserve banks, cash items in process of collection,
and exchanges for clearing house
-,
Other assets
Total.
10,025
1
819
11, 631
2
919
1,661
2,867
1, 249
257
935
15,383
2
2,352
901
2,627
1,154
214
1,161
18,179
3
2,795
751
1,797
1,155
88
1,109
2,205
1,243
230
572
10,145
2
1,732
2 141
2,545
1,219
238
558
3 2, 035
25
3 3, 758
53
»4,C
53
5,642
56
6,995
105
17,155
20, 391
23,673
29,492
31,977
5,048
9,370
6,701
10, 321
48
93
8,510
11,711
21
90
11,396
13,970
102
291
12,093
15,493
46
157
LIABILITIES
Demand deposits
_.
Time deposits (including postal savings)
U. S. Government deposits*
Deposits of other banks
Certified and cashiers' checks and cash letters of
credit and travelers' checks outstanding, etc
Total deposits
Bills payable and rediscounts. _
Interest, taxes, and other expenses accrued and unpaidDividends declared but not payable and amounts
set aside for dividends not declared and for accrued
interest on capital notes and debentures
Other liabilities.
Capital stock, capital notes and debentures:
Capital notes and debentures
Common stock
Surplus
Undivided profits, netReserves for contingencies
Retirement fund for capital notes and debentures
Total.
1
31
51
47
115
210
266
346
14,647
230
17,278
100
20,542
75
26,025
4
28,1S6
121
94
92
150
106
7
34
11
125
11
250
(*)
1,000
965
203
»87
850
1,135
625
159
5 144
850
1,185
640
187
56
5
850
1,200
680
314
108
25
818
1,200
813
374
166
104
17,155
20,391
23, 673
29,492
31,977
Licensed banks; i. e., those operating on an 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.
»Includes cash items not in process of collection.
4
Dividends declared but not yet payable were included with "Other liabilities" in 1933 and 1934.
Amounts set aside for dividends not declared were not segregated from reserves for contingencies prior
to 41935.
Includes reserves for dividends.
170
REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings and dividends of banks other than national in the 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 30,1937 and 1936:
Earnings and dividends of trust companies and savings banks in 1the District of
Columbia for the years ended June 80, 1937 and 1986
[In thousands of dollars]
6 months ended
6 months ended
June 30,1937
Deo. 31,1936
Year Year
ended ended
June June
30,
30,
5 trust 8 sav- 13 total 5 trust 8 sav- 13 total 1937, 1936,
com- ings
com- ings
13
13
panies banks banks panies banks banks banks banks
Capital:
645
Capital notes and debentures
9,400
Common stock (par value)
10,045
Total
7,821
Surplus
17,866
Total capital and surplus
21,246
Capital funds>
Gross earnings:
Interest and discount on loans
903
Interest and dividends on bonds, stocks,
772
and other securities
Interest on balances with other banks _
Collection charges, commissions, fees, etc.
82
Foreign department (except interest on
foreign loans, investments, and bank
4
balances)
Trust department
52
Service charges on deposit accounts
288
Rent
49
Otherreceived
earnings-«.
Total
2,473
Expenses:
Salaries and wages:
Officers
241
Employees other 3than officers
481
Number of officers
Number of employees other than offi cers3
79
717
Fees paid to directors and members of
executive, discount, and advisory committees
12
Interest on deposits of other banks.
Interest on other demand deposits
Interest on other time deposits
475
Interest and discount on borrowed
money
n
80
Real estate taxes
140
Other taxes
_ _
Other expenses
. . . 374
Total
1,803
Net earnings
-- _ _
> - - _-
670
850 1,495
1,200 10,600
614
9,400
818 1,432 1,432
1,200 10,600 10,600
1,550
10,600
2,050 12,095 10,014
755 8,576 7,927
2,018 12,032 12,032
813 8,740 8,740
12,150
8,38&
2,805 20,671 17,941
2,831 20,772 20,772
20,539
3,354 24,600 21,798
3,475 25,273 25,273
24,199
485
1,388
917
519
1,436
2,824
2,532
94
1
71
866
1
153
833
95
72
2
81
905
2
176
1,771
3
329
1,601
1
302
76
27
4
323
128
315
5
345
59
282
86
24
5
345
145
306
9
668
273
621 }
113
10
709
227
790
12
61
49
3
52
766
3,239
2,585
787
3,372
84
126
53
325
607
132
931
238
493
79
723
86
127
54
231
324
620
133
954
6
2
18
14
6
20
125
600
420
121
541
1,141
8
46
137
88
186
511
78
142
398
6
52
154
84
194
552
2
172
380 } 495
1,063
1, 042
534
2,337
1,783
552
2,335
4,672
4,443
232
902
802
235
1,037
1,939
1,729
214
2
6,611
6,172
649
1,227 } 1,706
ISO
133
907
954
38
2
4 20
3
18
1,157
1 Excludes the Export-Import Bank of Washington.
2
Represents aggregate book value of capital stock, capital notes and debentures, surplus, undivided
profits,
reserves for contingencies, and retirement fund for capital notes and debentures.
3
Number at end of period.
* 6 months ended June 30, 1936, when first called for separately; such amounts previously included with
"other expenses."
NOTE.—The capital, capital notes and debentures, surplus, and capital funds used in this table are as of
end of period.
REPORT OF THE COMPTROLLER
OF THE
171
CURRENCY
Earnings and dividends of trust companies and savings banks in the District of
Columbia for the years ended June 30, 1937 and 1936—Continued
6 months ended
Dec. 31, 1936
6 months ended
June 30, 1937
Year Year
ended ended
June June
30,
30,
5 trust 8 sav- 13 total 5 trust
1936,
total 1937,
comings banks com- ings 13
13
13
banks
panies banks banks banks banks
Recoveries, profits on securities sold, etc.:
Recoveries on loans
Recoveries on bonds, stocks, and other
securities
Profits on securities sold
Allother
Total
_
Total earnings, recoveries, etc
Losses and depreciation:
On loans
On bonds, stocks, and other securities.._
On banking house, furniture and fixtures.
Other losses and depreciation
Total
303
182
973
414
200
59
79
50
388
Net addition to profits..
Interest and dividends:
On capital notes and debentures
On common stock
Total
12
119
74
585
...
Ratios:
Dividends on common stock to common
capital
Dividends on common stock to common
capital and surplus
Interest on capital notes and debentures
to capital notes and debentures outstanding
Interest and dividends on capital notes
and debentures and common stock to
capital notes and debentures and common capital
Interest and dividends on capital notes
and debentures and common stock to
capital funds
_
Interest and dividends on capital notes
and debentures and common stock to
capital notes and debentures, common
capital and surplus...
Net addition to profits to common capital
Net addition to profits to common capital and surplus
Net addition to profits to capital notes
and debentures and common capital....
Net addition to profits to capital notes
and debentures, common capital and
surplus..
_.
Net addition to profits to capital funds...
249
12
294
306
61
123
100
115
238
283
76
184
102
64
126
102
75
159
112
151
343
214
} 723
485
392
461
946
1,111
2,885
2,840
345
280
257
133
611
210
249
193
1,387
1,194
241
124
111
77
80
124
106
45
304
104
156
146
56
553
355
107
462
1,015
834
839
197
1,036
1,870
27
340
10
246
367
256
49
105
1,577
24
281
51
621
560
305
672
628
Pet.
Pet.
Pet.
Pet.
Pet.
Pet
Pet.
Pet.
3.13
3.83
3.21
2.62
2.92
2.65
5.86
5.28
1.71
2.35
1.77
1.42
1.74
1.45
3.21
2.95
1.86
1.'76
1.81
1.63
1.71
1.68
3.56
4.39
3.05
2.98
3.03
2.56
2.43
2.53
5.59
5.17
1.44
1.82
1.49
1.17
1.41
1.21
2.66
2.60
1.71
6.22
2.17
20.75
1.43
8.93
1.73
16.42
1.47
9.77
3.24
17.64
3.40
12.74
1.78
7.87
4.35
4.84
9.79
5.36
9.67
3.06
14.88
8.30
5.82
12.15
6.90
8.38
9.76
8.61
15.54
12.98
3.27
2.75
8.88
7.42
4.03
3.39
4.68
3.85
£.67
4.99
4.10
9.00
7.40
7.68
6.52
Building and loan associations in the District of Columbia
The assets of the 27 building and loan associations operatiag in the
District of Columbia under the supervision of the Comptroller of the
Currency on June 30, 1937, totaled $117,840,000 and exceeded by
$5,238,000 the assets of 28 associations on June 30 a year ago.
The loans, which aggregated $108,903,000, showed an increase in
the year of $6,128,000. Installment payments on shares increased
also from $99,688,000 to $103,631,000.
172
KEPORT OF THE COMPTROLLER OF THE CURRENCY
Twenty-two of the associations operated on the permanent plan,
four on the serial plan, and one on both the permanent and serial
plans. The total membership was 126,759, as compared to 133,679
members a year ago, and of the total in the current year the numbers
borrowing and nonborrowing were 30,305 and 96,454, respectively.
The following statement 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 1914-37.
(Summaries of the assets and liabilities of the individual associations
on or about June 30, 1937, together with consolidated statements of
assets and liabilities and receipts and disbursements for the 6-month
periods ended Dec. 31, 1936, and June 30, 1937, are published in the
appendix of this report.)
[Figures for previous years published in report for 1931]
Number
of associations
Years
Loans
Installments
on shares
$18, 582,156
19, 524,065
20,186, 662
20,951,089
21, 567,904
23,654,000
27, 398,000
29,520,000
33, 233,000
36,157,000
38,968,000
42,482,000
46,781,000
50,940,000
57,505,000
63,566,000
68,143,000
74,365,000
81, 298,000
82,919,000
84,946,000
92,306,000
102,775,000
108,903,000
$17,113,899
17,866,337
18,668,808
19,413, 266
20, 252,005
22,463,000
25, 373,000
27, 593,000
30, 506,000
32,858,000
35, 452,000
38, 653,000
42, 794,000
47,887,000
53, 738,000
58,916,000
64,480,000
70,244,000
76,773,000
78,308,000
83,871,000
90,710,000
99,688,000
103,631,000
Total assets
June 30—
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925..
1926
1927
1928
1929
1930..
1931
1932
1933
1934
1935
1936
1937
.
. . .
.
20
20
19
19
20
20
21
24
22
23
23
24
22
22
22
22
24
24
26
28
28
28
28
27
$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
101,477,000
112,602,000
117,840,000
District of Columbia credit unions
At the close of business October 31, 1937, there were 24 active credit
unions operating in the District of Columbia which have been recommended for approval by this office and licensed by the District Commissioners under the provisions of the District of Columbia Credit
Unions Act, approved June 23, 1932. A list of such credit unions, the
date originally licensed and the date of latest renewal of the license
appear in the following statement:
173
REPORT OF THE COMPTROLLER OF THE CURRENCY
Date of
original
license
Title
Adjutant General's Office Employees Credit Union of the District of
Columbia
Agricultural Employees Credit Union of the District of Columbia
Armour Washington Credit Union of the District of Columbia
Department of Commerce Credit Union of the District of Columbia
_.
Educational Employees Credit Union of the District of Columbia
F . C. A. Employees Credit Union of the District of ColumbiaF . E. U. Local 262 Credit Union of the District of Columbia
F . E. U. No. 105 Credit Union of the District of Columbia
F . E. U. No. 261 Credit Union of the District of Columbia
Q. A. 0 . Employees' Credit Union of the District of Columbia
In-Com-Co. Credit Union of the District of Columbia
Navy Department Branch of F. E. U. No. 2 Credit Union of the District of
Columbia. Title changed to "Navy Department Employees Credit
Union of the District of Columbia"
_
Navy Yard Credit Union of the District of Columbia
Police Credit Union of the District of Columbia
Post Office Department Employees Credit Union of the District of Columbia
_ .Railway Mail Service Credit Union of the District of Columbia
St. Anthony's Parish Credit Union of the District of Columbia—
Standards Credit Union of the District of Columbia.
_.
_
Swift Employees Credit Union of the District of Columbia
Uniformed Fireman's Credit Union of the District of Columbia
...
United States Department of Labor Employees Credit Union of the District
of Columbia. Title changed to "Credit Union of the Employees of the
Department of Labor in the District of Columbia"
Veterans' Administration Employees Credit Union of the District of Columbia
Washington Postal Employees Credit Union of the District of Columbia
Western Union Employees Credit Union of the District of Columbia
Mar.
May
Feb.
Nov.
Mar.
May
Nov.
Nov.
Jan.
Nov.
Jan.
Date of last
renewal of
license
25,1933 Apr. 20,1937
2,1934 May 14,1937
3,1933 Feb. 18,1937
14,1932 Nov. 9,1936
2,1933 Feb. 11,1937
3,1934 •Sept. 15,1937
25,1932 Dec. 11,1936
29,1932 Nov. 17,1936
16,1933 Feb. 4,1937
10,1933 Nov. 21,1936
16,1933 Dec. 28,1936
Jan. 19,1933
Mar. 27,1933
Aug. 30,1935
Jan. 13,1937
Mar. 24,1937
Aug. 20,1937
Apr.
Oct.
Nov.
Nov.
July
Dec.
2,1934
17,1932
16,1932
14,1933
27,1933
18,1933
Apr.
June
Feb.
Nov.
July
Dec.
May
3,1935
Dec. 23,1937
Oct. 27,1932
Feb. 7,1933
Jan. 7,1933
Nov. 3,1937
Jan. 28,1937
Do.
12,1937
25,1937
23,1937
17,1936
22,1937
17,1936
Summaries of the assets and liabilities of the individual credit unions
as of June 30, 1937, together with a consolidated statement of assets
and liabilities and receipts and disbursements for the 6-month periods
ended December 31, 1936, and June 30, 1937, are published in the
appendix of this report.
Export-Import Bank of Washington
The Export-Import Bank of Washington, incorporated under the
provisions of title 5, chapter 9, section 261 of the Code of Laws of the
District of Columbia, was established pursuant to an Executive order
dated February 2, 1934. A statement of its assets and liabilities as
of the date of each call in the year ended October 31, 1937, appears
below:
174
KEPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of the Export-Import Bank of Washington at date of each call
in year ended Oct. 81, 1937
[In thousands of dollars]
Dec. 31,
1936
Mar. 31,
1937
June 30,
1937
ASSETS
Loans arid discounts
Customers' liability account of acceptances
Furniture and fixtures -Balances with other banks
Due from United States Treasurer
Cash items not in process of collection. _
Other assets
Total
--
$17,502
71
2
55
4,577
15
$18,817
90
2
28
2,009
1,600
15
$16,521
309
2
52
1,082
4,500
16
22,222
22, 561
22,482
71
548
90
635
309
133
20,000
1,000
562
41
20,000
1,000
775
61
20,000
1,000
960
80
22, 222
22, 561
22,482
LIABILITIES
Acceptances executed by other banks for account of reporting b a n k . . .
Other liabilities
Capital (par value):
Preferred
Common
..
. __
._
..
Undivided profits
Reserves for contingencies
Total
SAVINGS, BUILDING AND LOAN ASSOCIATIONS IN THE UNITED STATES
The following statements relative to State-chartered building and
loan associations and Federal savings and loan associations in the
United States were taken from reports compiled by the Secretary of
the United States Building and Loan League:
Savings, building and loan associations, by States, at close of 1936
Number of associations
States
State
Alabama
Arizona.
Arkansas..California
Colorado.
Connecticut
Delaware
District of Columbia..
Florida
Georgia
__.
Idaho.
Illinois
_
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland *
Massachusetts,. _
Michigan
Minnesota
Mississippi
Missouri—
Montana.Nebraska
Nevada
New Hampshire
New Jersey
_.
New Mexico
New York
North C arolina
North Dakota
Ohio
Oklahoma
Oregon. _
Pennsylvania
Rhode Island
i Estimated.
* Not including borrowers.
28
2
27
132
41
38
42
27
52
20
5
770
244
68
136
139
89
36
900
213
57
51
27
189
25
78
5
28
1,
14
228
174
19
642
46
15
2,370
Federal
Total
43
3
63
199
63
53
42
27
100
62
13
863
301
100
155
182
101
42
917
219
78
82
46
227
26
93
5
30
1,498
23
286
186
24
733
77
37
2,408
Total assets
Number of members
State
9,916
1,000
4,984
239, 266
26, 422
26, 694
15, 600
122,984
8,000
9,373
3,000
311,340
98, 553
36,954
89,638
80,991
108,885
24,120
211,000
392, 361
100, 369
31, 846
4, 200
140,000
19, 978
283,800
1,250
13, 452
641,890
3,383
7,243
13,112
1,020,133
14,996
18,160
577,150
47,369
Federal
4,490
201
4,618
24. 648
6,502
3,512
8,352
9,672
5,884
35,997
68,363
6,273
4,337
36, 549
5,559
319
8,254
1,850
10, 795
23, 718
2,367
20, 966
32
3,045
3,610
765
90,071
3,768
1,683
115,080
24,548
8,236
9,330
Total
14, 406
1,201
9,602
263,914
32,924
30,206
15,600
122,984
16,352
19,045
8,884
347,337
166,916
43,227
93,975
117,540
114,444
24,439
219, 254
394, 211
111, 164
55, 564
6,567
160, 966
20, 010
86,845
1,250
17,062
641,890
4,148
439, 015
91,011
14, 795
1,135,213
39, 544
26, 396
586, 480
47,369
Increase or
Decrease
over 1935
10,220
17,332
774
104
400
4,196
2,110
2,790
1,225
166,458
98,788
4,109
7,308
85,033
7,891
4
191
1,471
SO, 221
6,455
298
21,192
7,654
46,826
50
1,229
59, 057
1
8,052
11, 316
210
282,064
6,788
1,689
78,645
1,681
State
$12,007,253
410,855
4,301,907
230,984,385
20, 582,442
21,689,478
12,558,147
113,270,492
7,242,978
5,362,037
1,327,998
181,624,176
85, 606,858
33,145, 990
72,801, 788
58, 937,366
88, 404, 672
22,338,293
142, 000,000
456,196, 954
97, 659, 218
21, 450,816
5,147, 531
100, 742,427
11,091,511
72, 305, 708
1,043, 599
10,906, 461
883,477, 982
3,426,866
263, 414, 498
60, 313, 504
8, 508, 305
659, 645,831
20,320,162
14,191, 717
647, 700,032
34,365,868
Federal
$3,697, 595
755,820
7,100,025
47,096,673
8,259, 609
5,105,980
18,568,311
9, 004,929
4,513,790
56, 593,295
68,858,835
5,547, 752
5, 473,252
40,582,300
10, 633,080
167,337
11,752, 682
5,048,489
14, 093,893
21, 270, 299
2,004, 677
29,151, 676
67, 226
4,071, 294
4, 607,002
786, 447
99,984, 418
5, 722,038
1, 328,449
132, 779,427
36, 563,533
7,115,638
11, 524,685
Total
$15,704,848
1,169, 675
11,401,932
278,081,058
28,842,051
26, 795,458
12, 558,147
113,270,492
25,811,289
14,366,966
5,841,788
238,217,471
154, 465,693
38, 693, 742
78,275,040
99, 519,666
99,037,752
22,505,630
153, 752,682
461, 245,443
111, 753, 111
42, 721,115
7,152, 208
129,894,103
11,158, 737
76, 377,002
1,043, 599
15, 513,463
883,477, 982
4,213, 313
363, 398, 916
66,035, 542
9,836, 754
792, 425, 258
58,883, 695
21,307,355
659,224, 717
34, 365,868
Increase or
Decrease
over 1935
$1,122,097
636,103
2, 970,536
2,983,624
1,913,565
808,511
5, 942, 492
10,471,978
3, 593,916
2,043,426
109,002,354
28,332,008
809,546
8,099,096
10,521,063
19,930
3, 961, 736
489,109
13,274,095
7, 606,346
9,278
5,154,201
224,565
11,079,436
42,359
1,786,359
64,693,847
264,469
8, 740, 037
5, 749, 783
593, 523
31, 078, 797
1,836, 775
3
H
O
W
o
o
H
o
d
2,247, 649
89,511,438
1,071, 710
Or
Savings, building and loan associations, by States, at close of 1986—Continued
Number of associations
States
State
South Carolina.
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Hawaii
Alaska
-
- ..
._ _
_ __
-
Grand total..
. _
Federal
Total
Total assets
Number of members
State
Federal
Total
Increase or
Decrease
over 1935
State
Federal
Total
Increase or
Decrease
over 1935
51
14
18
94
16
12
77
36
47
180
5
11
26
5
37
88
4
2
21
36
21
28
9
1
1
77
19
55
182
20
14
98
72
68
208
14
12
1
8,000
5,500
11,800
52,343
25,000
4,992
42,800
77,593
21,300
180, 788
8,000
24,000
7,463
1,397
11,160
10, 565
1,631
566
5,661
71, 784
7, 512
3,353
745
268
15,463
6,897
22, 960
62,908
26,631
5,558
48, 461
149,377
28,812
184,141
8,745
24,268
6,697
190
101
48,702
28, 539
38
1,469
5,783
6,671
12,216
1,010
2,495
7,890,457
3,330,679
8,321,714
59, 246,445
24,211,084
4,248,820
34,250,018
18,552,791
14,816,377
181,753,288
3, 932,868
4,797,747
7,643,845
1,137,166
13,173,132
18,468, 693
1,437,614
757,420
8, 781,037
26,142,712
9,185,153
5,045,074
1,290,757
332,200
15,534,302
4,467,845
21,494,846
77, 715,138
25,648, 698
5,006,240
43,031,055
44, 695,503
24,001,530
186, 798,362
5,223,625
5,129,947
4,990,897
124,893
3,901,060
1,605,243
2,378,407
82,630
414,481
3, 758,818
1,468,043
6,418,722
265,710
10,121
9,044
1,212
10,256
5,450,472
675, 499
6,125,971
923,596
4,851,858,393
773,225,259
5,625,083,652
268,626,674
o
8
a
o
3
1
Q
REPORT OF THE COMPTROLLER OF THE CURRENCY
177
Mortgage loan investments of savings, building and loan associations, at close of 1936
State associations
States
Alabama
Arizona
Arkansas
California
_
•Colorado
Connecticut
Delaware
District of Columbia...
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky..
Louisiana
Maine
Maryland !
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana:
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota.Tennessee
Texas
Utah
Vermont
Virginia
Washington. _
West Virginia
Wisconsin
Wyoming
Hawaii
Total.
$4,317,515
204,289
4,301,907
128,791,403
7,758,694
18,533,884
9,984,623
104,296,156
2,394,890
4,681, 980
1,145, 549
181,624,176
54,235,689
23, 714,420
39,944,134
43, 271,050
54, 206, 561
18,392,311
99,000,000
336, 333,901
38,128,261
16,630,163
3,286, 442
65,509, 089
7,541,381
45,059,534
611,627
9,818,235
440,075,419
3,426,866
192,212,755
49,860,563
5, 729,310
435,419,201
14,161,409
9,403,352
431,005,386
26,194, 526
6, 557,951
2,322, 723
3,034,070
37,470,070
10,639,851
3, 375,125
26,372,909
10,984,617
14, 816, 376
96,116,403
3,932,868
3,578, 724
Federal
savings
and loan
associations
$2, 785,747
637,612
5,631,089
36,802,346
6,245,125
4,312,030
Increase or
Total, 1936
$7,103,262
841,901
9,932,996
165,593,749
14,003,819
22,845,914
9,984,623
104,296,156
16,170,955
18,565,845
8,368,350
13,050,330
4,181,020
5,326,569
42,051,435
223,675,611
49,390,421
103,626,110
4,862,808
28,577,228
4,523, 665
44,467,799
29,735,393
73,006,443
9,044,068
63,250,629
150,903
18, 543, 214
7,863,230
106,863,230
4,454,106
340, 788,007
9,177,340
47,305,601
16,495,389
33,125,552
1,836,621
5,123, 063
87,011,504
21,502,415
7,584,868
43, 487
48,454,139
3,394,605
611,627
14,068,714
4,250,479
440,075,419
4,131,613
704,747
266,981,677
74,768,922
5,923,015
55, 783, 578
998,103
6, 727,413
99, 759,960 535,179,161
23,895,922
38,057,331
6,059,375
15,462, 727
8, 715,649 439, 721,035
26,194, 526
6,692, 278
13, 250,229
'906, 505
3,229, 228
11, 216, 212 14,250,282
15,146, 724
52, 616,794
1,240, 784
11,880,635
675,882
4,051,007
7, 587,835
33,960, 744
21,214, 525
32,199,142
7, 991,543
22,807,919
4,584,888
100,701,291
1,102,042
5,034,910
319,871
3,898,595
Total, 1935
$7,066,217
304,961
7,179,004
151,706,635
14,815,321
20,951,724
10,227,486
9,032,654
9,573,096
3,177,750
234, 596,454
118,516,183
27, 664, 626
46,538,470
83,955,799
62, 4C0,656
18, 935, 219
104,501, 736
346,640, 291
63,242,103
25, 308, 556
4, 816,367
87,908,240
7,748,217
56,418,172
15,310, 945
526,489, 406
2,976,817
262,914,374
48,764,342
6, 263,158
535,555,447
35,435,120
11,877,136
505, 079,115
24,386,135
15,751,088
3,017,420
11,096,872
46,873,041
12, 217,697
4,016,713
32,846,870
27, 755,203
16,451,852
105,316, 777
3,612,073
3, 677,026
decrease
1936 over
1935
$37,045
536,940
2,753,992
13,887,114
811,502
1,894,190
242, 863
6,798,156
9,533,191
3,477,234
2,148,819
10,920,848
14,890,073
912, 602
2,070,671
10,949,356
849,973
392,005
2,361,494
5,852,284
15,986,502
7,816,996
306,696
896,736
163,849
7,964, OSS
123,388
1,242,281
86,418,987
1,154, 796
4,067,303
7,019,236
464, 255
876,286
2,622,211
3,585,591
65,358,080
1,808,391
2,600,859
211,808
3,153,410
5,743,753
887,062
34, 294
1,113,874
4,443,939
6,356,067
4,615,486
1,422,837
221,569
3,150,408,338 593,415,421 3,743,823,759 3,878,896,803 135,078,044
i Estimated.
Percent
total
mortgage
loans to
total assets
45.2
72.2
87.1
59.5
48.6
85.3
79.5
92.0
71.9
90.8
91.2
93.9
67.1
73.9
56.8
73.4
63.9
84.8
69.5
73.9
42.3
77.5
71.6
67.0
68.0
63.4
58.6
90.7
49.8
98.1
73.5
84.5
63.7
67.5
66.9
72.6
66.7
76.2
85.3
72.3
66.3
67.7
46.3
80.9
78.9
72.0
95.0
53.9
96.4
76.0
178
REPORT OF THE COMPTROLLER OF THE CURRENCY
Number, membership, total assets, and mortgage loans of building and loan associations in the continental United States on or about Dec. 81, 1914 to 1936 1
lAmounts in thousands of dollars]
Number of
associations
Year
Number of
members
6,616
6,806
7,072
7,269
7,484
7,788
8,633
9,255
10,009
10,744
11,844
12,403
12,626
12,804
12,666
12,342
11,777
11, 442
10,997
10,727
10,920
10,534
10, 256
1914.
1915.
1916.
1917.
1918.
1919.
1920.
1921.
1922
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1935.
1936.
3,103,935
3,334,899
3,568,432
3,838,612
4,011,401
4, 289,326
5,026,781
5,809,888
6,364,144
7,202,880
8,554,352
9,886,997
10,665,705
11,308,061
11,995,905
12, 111, 209
12,350,928
11,338,701
10,114,792
9,224,105
8,370,146
7,049,567
6,125,971
Total assets
1,357,708
1,484, 206
1, 598,628
1, 769,142
1,898, 344
2,126, 620
2, 519,915
2,890,765
3,342, 531
3,942,940
4,765,937
5, 509,176
6,334,104
7,178,562
8,016,034
8, 695,154
8,828,612
8,417,376
7,750,491
6,977,532
6,450,424
5,888,710
5,625,084
Mortgage
loans outstanding
()
5,085,010
5,852,690
6,584,818
7,267,005
7,790,835
7,764,035
7,209,647
6,394,725
5,518,700
4,487,535
3,878,896
3,743,824
i Includes the Territory of Hawaii beginning with the year 1930.
> Not available.
NOTE.—Includes figures for Federal savings and loan associations beginning with the year 1934.
Failures of building and loan associations, 1920-36
Total
number of
associations
Year
1920
1921
1922
1923
1924 .
1925
1926
1927 .
1928
1929
1930 . .
1931 ..
1932 . .
1933.
1934 2
1935 2
1936 2
_..
.
_
_.
8,633
9,255
10, 009
10, 744
11,844
12,403
12,626
12, 804
12, 666
12, 343
11, 777
11,442
10,997
10,727
10,920
10, 534
10, 256
Total assets
$2, 519,914,971
2,890,764,621
3,342,530, 553
3,942,939,880
4, 765,937,197
5, 509,176,154
6,334,103,807
7,178, 562,451
8,016,034,327
8, 695,154, 220
8,828, 611,925
8,417,375, 605
7, 750,491,084
6,977, 531, 676
6,450, 424,392
5,888,710,326
5,625,083,652
liabiliNumber Total
ties of failed
failed
associations 1
2
6
4
9
18
26
12
21
23
159
190
126
122
88
68
239
3144
$80,437,508
61,908, 529
52,818, 387
215,516,812
34, 727, 616
31, 946, 235
20,316,197
Estimated
loss
$506
91,547
158,674
132,612
398, 245
500,000
380, 725
1,013,000
568,000
2, 312,626
24, 676,059
22, 327,842
20, 337, 255
43, 954, 547
10,174, 442
15, 782,068
9,051, 583
1
Principally installment payments on shares.
Includes savings and loan associations.
* Located as follows: Colorado 1, Delaware 1, District of Columbia 1, Illinois 22, Indiana 12, Maryland 7,
Missouri 1, North Carolina 7, Pennsylvania 83, Texas 5, Wisconsin 3, and West Virginia 1.
2
MONEY IN THE UNITED STATES
Statements showing the stock of money in the United States in the
years ended June 30, 1914 to 1937, and the imports and exports of
merchandise, gold, and silver in the calendar years 1914 to 1936, and
the 9 months ended September 30, 1937, follow:
EBPOET OF THE COMPTROLLER OF THE CURRENCY
179
Stock of money in the United States, in the Treasury, in reporting banks, in Federal
Reserve banks, and in general circulation, years ended June 80, 1914 to 1937
Year ended
June 30—
In general circulation, exHeld by or for
clusive of amounts held
Coin and Coin and other Coin and other
money in Treas- money in report- Federal Reserve
by reporting banks,
other
ing
banks
3
banks
and
agents
Federal Reserve banks
ury
as
assets
*
money
and Treasury
in the
United
PerPerStates
PerPerPer
Amount cent Amount cent Amount cent Amount cent
capita
Millions
$3,797.8
4,050.8
4,541.7
5,678.8
6,906.2
7,688.4
8,158. 5
8,174. 5
8, 276.1
8,702.8
8,846.5
8,299.4
8,429.0
8, 667.3
8,118.1
8, 538.8
8,306.6
9,079.6
9, 004.4
10,078.4
13,634. 4
15,114. 0
17,402.5
19,376.8
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
Millions
$338.4
348,2
299.1
269.7
363.5
585.1
490.7
463.6
406.1
386.5
359.4
363.9
353.2
350.9
351.3
373.1
247.2
254.9
278.2
314.5
2,955.9
2,865. 9
2,496.4
3,444.5
8.91
8.60
6.59
4.75
5.27
7.61
6.01
5.67
4.91
4.44
4.06
4.38
4.19
4.05
4.33
4.37
2.98
2.81
3.09
3.12
21.68
18.96
14.35
17.78
Millions
$1,630. 0
1,447.9
1.472.2
1.487.3
882.7
981.3
1,047. 3
926.3
814.0
777.1
900.8
938.3
975.2
985.1
866.5
799.1
853.8
865.5
774.1
649.9
689.6
760.0
987.7
42.92
35.74
32.41
26.19
12.78
12.76
12.84
11.33
9.84
8.93
10.18
11.30
11.57
11.36
10.67
9.36
10.28
9.53
8.60
6.45
5.06
5.03
5.68
4.75
Millions
$383.0
593.3
1.342. 7
2,061. 0
2, 226. 7
2, 200.2
2, 799.9
3,406.8
3,493. 0
3,637.8
3.120.3
3,190. 5
3,465.1
2,970. 2
3.419.4
3, 537. 3
4,002. 7
3,031.1
4,043. 2
5,305.0
6,680. 0
8,664.9
9,485.1
Millions
$1,829.4
1,871.7
2,177.1
2,579.1
3, 599. 0
3,895.3
4,420. 3
3,984. 7
41.16
3,649. 2
40.14
4, 046.2
41.12
3,948. 5
37.63
3,876.9
37.85
3,910.1
3,866. 2
36.59
3, 930.1
40.04
3,947.2
42.58
3,668.2
44.08
3,956. 5
33.66
4,921.0
40.12
5,070.8
38.91
4,683.9
44.20
4,808.1
49.79
5,253.5
48.95
5,526.3
9.45
13.06
23. 64
29.84
28.96
26.97
34.25
48.17
46.21
47.94
45.42
52.11
50.67
54.18
48.75
44.09
46.49
44.64
46.69
46.39
44. 61
48.41
46.23
44.16
43.58
54.65
50.31
34.35
31.81
30.19
28.52
$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
37.79
40.89
42.71
i Public money in national-bank depositories to the credit of the Treasurer of the United States not
included,
a Money in banks of island possessions not included.
NOTE.—Population estimated at 123,250,000 in 1930; 124,135,800 in 1931; 124,881,806 in 1932; 125,753,206 in
1933; 126,485,606 in 1934; 127,233,106 in 1935; 128,475,000 in 1936; and 128,399,000 in 1937.
Imports and exports of merchandise, calendar years 1914 to 1986, inclusive, and
from Jan. 1 to Sept. 80, 1937
Imports of
merchandise
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
.
1933
1934
1935
1936
1937 (9 months)
"
.
.
Total, 23 years and 9 months
i Preliminary, subject to correction.
-
Exports of
merchandise
Excess of
exports over
imports
$1,789,276,001 $3,113,624,050
1,778,596,695
3,554, 670,847
2,391,635,335
5,482,641,101
2,952,465,955
6,226,255, 654
3,031,304,721 6,149,241,951
3,904,364,932
7,920, 425, 990
5,278,481,490
8,228,016,307
2, 509,147,570
4,485,031,356
3,112,746,833
3,831, 777,469
3,792,065,963
4,167,493,080
3, 609,962,579
4,590,983,845
4, 226,589, 263 4,909,847, 511
4,430,888,000
4,808,660,000
4,184,742,000
4,865,375,000
4,091,444,000
5,128,356,000
4,399,361,000
5, 240,995,000
3,060,908,000
3,843,181,000
2,090, 635,000
2,424,289,000
1,322,774,000
1,611,016,000
1,449, 559,000
1,674,994,000
1, 655,055,000
2,132,800,000
2,047,485,000
2,282.874,000
2, 422, 592,000 2,455.978, 000
1
2,427, 591,000 12,379,145,000
$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
477,745,000
235,389.000
33, 386,000
-48,446,000
71,959,671,337 101,507,672,161
29,548,000,824
180
REPORT OF THE COMPTROLLER OF THE CURRENCY
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
1934
1935
1936
1937 (9 months)
-
.
- -
Total, 23 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
1,186,671,000
1,740,979,000
1,144,117,000
1,455,587,000
$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
52,759,000
1,960,000
27,534,000
652,000
$165,228,415
12,014,183.990
4,763,114,950
1,602,777,235
Imports
Exports
Excess of
exports over
imports
$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
102,725,000
354,531,000
182,816,000
52,392,000
$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
16,551,000
18,801,000
2, 965,000
3,399,000
291,651,202
134,366,618
391,863,000
446,213,000
173,455,000
Excess of
Imports over
exports
$420,528,672
530,197,307
180,570,490
20,972,93a
94,977,065
667,356,920
238,294,891
294,072,395
258,072,605
97,796,00O
6,080,000
175,066,00O
280,087,000
145,325,000
1,133,912,000
1,739,019,000
1,116,583,000
1,454,935,000
8,853,846,275
SILVER
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923 _
_
1924
1925
1926
1927
_. .
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937 (9 months)
_ ._
— -
Total, 23 years and 9 months
1,842,426,839
1,755, 202,688
$25,643,873
19,114,930
38,331,748
30, 790,399
181,470,765
149,611,033
25,556,183
35,946,131
34,532,167
22,662,000
20,551,000
19,265,000
19,467,000
11,396,000
Excess of
imports over
exports
$11,667.272
7,999,367
1,984,741
2,179,000
5,800,000
41,184,000
86,174,000
335,730,000
179,851,00O
48,993,000
634,338,229
721,562,380
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, 1937:
Assets and liabilities of governmental corporations and credit agencies, Sept. 80, 1987
on compilation by U. S. Treasury Department from reports received from organizations concerned. In millions of dollars]
Financed wholly from Government funds
Reconstruction
Finance
Corporation
Commodity
Credit
Corporation
Public
Works
Administration
Agricultural
credit
institutions
Total
Financed partly from Government funds
Farm
mortgage
institutions
Other
Other
farm
credit
institutions
Home
mortgage
institutions
Sept. 30,
1937
Other
Aug. 31,
1937
Sept. 30,
1936
ASSETS
n
O
o
Loans and preferred stock:
Loans to financial institutions
Preferred stock, etc
Home mortgage loans . _ _
_
.
Farm mortgage loans
Other agricultural loans
All other loans
Total loans and preferred stock .
Cash___
_
_
United States direct obligations
Obligations of Government credit agencies:
Fully 2guaranteed by United States
Other
Production credit association class A stock
Accounts and other receivables
All other assets
Total assets other than interagency 2
300
566
1
829
1,696
5
24
31
7
1,763
180
3 200
2,472
1
2,892
123
(i)
123
19
126
126
19
7
5
14
25
77
1
(i)
0)
21
123
147
(0
148
149
317
467
53
34
46
268
30
113
2,852
80
18
8
14
358
40
6
14
102
5
27
463
3 439
3,430
4
20
506
2
35
316
907
(i)
268
2,892
60
176
160
3,341
8
0)
488
766
2,472
2,892
561
1,272
8,452
248
597
490
762
2,497
2,892
561
1,259
8,461
236
594
540
759
2,870
2,936
617
1,204
8,926
267
500
170
40
77
279
170
34
76
289
198
33
75
282
964
907
10,827
10,768
10,861
4,669
1,423
4,668
1,422
4,667
1,460
529
512
395
W
O
O
580
LIABILITIES
Bonds, notes, and debentures:
Guaranteed by United States
Other 2
Other liabilities (including reserves)
.
60
52
Total liabilities other than interagency
2
Excess of assets over liabilities, excluding interagency
transactions
Privately owned interests
_
U. S. Government interests
(0
296
_.
0)
5
348
60
1,415
63
1,415
63
147
147
3
43
1,410
2 1 115
170
191
7
2,963
54
145
(l)
107
5
46
2,695
199
3,161
107
6,621
6,603
6,521
143
861
646
174
264
3
269
39
399
139
4,206
4,165
4,340
355
359
353
472
261
230
259
3,851
3,807
3,987
143
861
1 Less than $500,000.
23 Excludes $761,000,000 of Federal land bank bonds held by Federal Farm Mortgage Corporation.
Shares of Federal savings and loan associations subscribed by HOLC are classified in "Preferred stock, etc." Shares held by U. S. Treasury amounting to $48,000,000 are classified under "All other assets."
Q
j
Q
oo
182
REPORT OF THE COMPTROLLER OF THE CURRENCY
RECONSTRUCTION FINANCE CORPORATION
The following statements were taken from the report of the Reconstruction Finance Corporation for the second quarter of 1937:
Statement of condition of the Corporation as of the close of business, June 80, 1937
ASSETS
Cash on deposit with Treasurer of United States
Funds held in suspense by custodian banks and trustees
Petty cash funds, travel and other advances
U. S. Government securities (par)
Allocated for expenses regional
agricultural credit corporations prior to May 27, 1933 1
Allocated for expenses regional agricultural credit corporations lsince May 26, 1933 (under Farm Credit Administration)
Allocated for Federal Emergency Relief Administration
(1933 Relief Act)
Allocated for Federal Emergency Relief Administration
(under Emergency Appropriation Act of 1935) 2
Allocated
under Emergency Relief Appropriation Act of
1935 3
Allocated to Secretary of Treasury 45
Allocated to Secretary of Treasury
Allocated to Land Bank Commissioner 6__ $300, 000, 000. 00
Less: Reallocated to Federal Farm
Mortgage Corporation
55, 000, 000. 00
Allocated to Federal Farm Mortgage Corporation
7
Allocated to Federal Housing Administrator
Allocated to Secretary of Agriculture 8 __. $200, 000, 000. 00
Less:
Reallocated as
capital regional agricultural credit corporations
$44,500,000.00
Reallocated to
Governor of
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)
3, 108, 278. 64
13, 777, 500. 00
500, 000, 000..00
500, 000, 000. 00
500, 000, 000. 00
124, 741, 000. 00
200, 000, 000. 00
245, 000, 000. 00
55, 000, 000. 00
51, 121, 074. 55
115, 000, 000. 00
15, 000, 000. 00
29, 500, 000. 00
Allocated to Governor, Farm Credit Administration
Stock, Commodity Credit Corporation, purchased
Stock, Disaster Loan Corporation, purchased
Relief authorizations (1932 act): Advances to Governors of
States and Territories, proceeds disbursed
Interest on notes issued for funds for allocations and relief
advances
Relief authorizations (1932 act): Advances to municipalities
and political subdivisions including Puerto Rico, proceeds
disbursed (less repayments)
See footnotes at end of table.
$1, 763, 775. 05
544, 235. 12
20, 737. 36
10, 310, 800. 00
44, 500, 000. 00
40, 500, 000. 00
97, 000, 000. 00
6, 000, 000. 00
280, 025, 518. 00
23, 195, 857. 06
3, 054, 623. 00
REPORT OF THE COMPTROLLER OF THE CURRENCY
183
Statement of condition of the Corporation as of the close of business, June 30,1937—
Continued
ASSETS—continued
Loans under sec. 5:
Proceeds disbursed (less repayments):
Banks and trust companies 9
$163, 799, 870. 03
Credit unions
180,931. 58
9
Building and loan associations _
2, 076, 345. 35
Insurance companies
3, 702, 568. 15
Federal land banks
13, 757, 474. 18
Joint-stock land banks
2, 576, 002. 65
Livestock credit corporations
300, 663. 58
9
Mortgage loan companies
121, 177, 165. 75
Agricultural credit corporations.
125, 000. 00
Railroads (including receivers) __ 354, 319, 852. 94
Fishing industry
577, 671. 68
Proceeds not yet disbursed:
Banks and trust companies 9 9
66, 997, 875. 54
Building and loan associations _
1, 391, 224. 73
Joint-stock land banks 9
621, 556. 60
Mortgage loan companies
87, 729, 331. 42
Railroads
78, 000. 00
Fishing industry
25, 125. 00
Loans to industrial and commercial business:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans to mining, milling, and smelting business:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans on assets of closed banks:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans and contracts for self-liquidating projects:
Proceeds disbursed (less repayments) (par $215,725,365.46)
Proceeds not yet disbursed (par $100,482,000)
Loans for repair or reconstruction of property damaged by
earthquake, etc.:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans under sec. 201c, for financing sale of agricultural surpluses in foreign markets: Proceeds disbursed (less repayments)
Loans for financing the carrying and orderly marketing of
agricultural commodities and livestock produced in the
United States:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans to drainage, levee, and irrigation districts:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Loans to public-school authorities:
Proceeds disbursed
Proceeds not yet disbursed
Loan to Rural Electrification Administration:
Proceeds disbursedProceeds not yet disbursed
Loans secured by preferred stock, insurance companies: Proceeds disbursed (less repayments)
Loans secured by preferred stock, banks and trust companies:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed.
Stock, mortgage companies:
Purchased
Subscription authorized
See footnotes at end of table.
27021—38
13
$662
> 593> 5 4 5 '
89
156, 843, 113. 29
70, 549, 182. 37
17, 860, 962. 64
1, 879, 805. 79
1, 957, 000. 00
1, 205, 754. 43
2, 162, 531. 95
213, 138, 754. 34
100, 450, 881. 89
8, 768, 361. 65
1, 386, 481. 32
46,895. 99
48, 694, 654. 84
209, 443, 853. 10
72, 424, 250. 78
45, 029, 855. 42
75, 920. 47
1, 433, 079. 53
4, 000, 000. 00
42, 500, 000. 00
27, 874, 930. 55
12, 143, 439. 38
100, 000. 00
25, 000, 000. 00
500, 000. 00
184
REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of condition of the Corporation as of the close of business, June 80,1987—
Continued
ASSETS—continued
Preferred stock, banks and trust companies:
Purchased (less retirements)
Subscriptions authorized
Preferred stock, insurance company: Purchased
Capital notes and debentures, banks and trust companies:
Purchased (less retirements)
Subscriptions authorized
Preferred stock installment sales contracts
Purchases of securities from Federal Emergency Administration of Public Works:
Purchases (less sales and retirements) (par $120,110,240)..
Purchases authorized but not yet consummated
Notes receivable
Advances for care and preservation of collateral:
Proceeds disbursed (less repayments)
Proceeds not yet disbursed
Collateral purchased (cost plus advances and expenses)
Accrued interest and dividends receivable
Reimbursable expense
Furniture and
fixtures
$763, 371. 19
Less: Allowances for depreciation
298, 909. 76
Miscellaneous disbursements
Total
$448, 811, 298. 51
32, 322, 500. 00
100, 000. 00
152, 988, 511. 98
58, 681, 800. 00
464, 615. 39
119, 585, 240. 00
56, 127, 000. 00
6, 380. 00
939, 989. 91
429, 541. 11
5, 628, 671. 03
35, 944, 408. 62
1, 183, 393. 76
464, 461. 43
804, 655. 26
5, 457, 209, 121. 40
LIABILITIES AND CAPITAL
Payable on certificate of Federal Emergency Relief Administrator (1933 Relief Act).__
Payable to Secretary of the Treasury 4
Payable to Land Bank Commissioner «
Callable by Farm Credit Administration10 for expenses of
regional agricultural credit corporations
Payable for capital regional agricultural credit corporations.
Liability for funds held as cash collateral
Liability for funds held as cash collateral, Commodity
Credit Corporation
._
Liability for deposits with bids
.
Liability for funds held for other agencies
Liability for funds held pending adj ustment
Proceeds not yet disbursed:
Loans under sec. 5
Loans to industrial and commercial business
Loans to mining, milling and smelting business
Loans on assets of closed banks
Loans and contracts for self-liquidating projects
Loans for repair or reconstruction of property damaged
by earthquake, etc__
Loans for financing the carrying and orderly marketing
of agricultural commodities and livestock produced
in the United States..._
Loans to drainage, levee, and irrigation districts
Loans to public school authorities
Loan to Rural Electrification Administration
Loans secured by preferred stock, banks and trust companies
.
Advances for care and preservation of collateral
Subscription authorizations:
Stock, mortgage companies
Preferred stock, banks and trust companies
Capital notes and debentures, banks and trust
companies
See footnotes at end of table.
119. 11
4, 227, 000. 00
97, 400, 000. 00
1, 565, 847. 08
29, 500, 000. 00
571, 999. 38
2, 284, 974. 87
25, 000. 00
7, 086, 267. 59
549. 69
156, 843, 113. 29
17, 860, 962. 64
1, 957, 000. 00
2, 162, 531. 95
100, 450, 881. 89
1, 386, 481. 32
209, 443, 853. 10
45, 029, 855. 42
1, 433, 079. 53
42, 500, 000. 00
100, 000. 00
429, 541. 11
500, 000. 00
32, 322, 500. 00
58, 681, 800. 00
REPORT OF THE COMPTROLLER OF THE CURRENCY
185*
Statement of condition of the Corporation as of the close of business, June 80, 1937—
Continued
LIABILITIES AND CAPITAL—continued
Proceeds not yet disbursed—Continued.
Purchases of securities from Federal Emergency Administration of Public Works authorized
Cash receipts not allocated pending advices
Other receipts not allocated pending advices
Miscellaneous liabilities (including suspense)
Unearned discount
Interest paid in advance
Interest and dividend refunds and rebates payable
Interest accrued
Deferred credits:
Profits from sale of securities purchased
from other governmental agencies
(net)
$9, 611, 920. 87
Collections on collateral purchased
2, 120, 223. 13
Income on collateral purchased
394, 615. 08
Other
33, 920. 37
Notes, series H, K, and L
Capital stock
Surplus Dec. 31, 1936 (adjusted)
Reserve for self insurance
150, 261, 808. 04
175, 000. 00
Interest and dividends earned less interest and expenses
Jan. 1, 1937, through June 30, 1937
Total
$56, 127, 000. 00
2, 444, 084. 97
996, 529. 04
31, 620, 301. 04
5, 249. 27
163, 635. 41
176, 122. 93
13, 349, 285. 57
12, 160, 679. 45
3, 860, 234, 666. 67
500, 000, 000. 00
150, 436, 808. 0#
15, 731, 401. 0#
5, 457, 209, 121. 40
1
See. 201 (e) of the Emergency Relief and Construction Act of 1932, provides that all expenses incurred'
in connection with the operation of the regional agricultural credit corporations shall be paid by the Reconstruction Finance Corporation. Under the provisions of this act the Corporation has allocated $16,885,778.64i
for such expenses.
2 Title II of the "Emergency Appropriation Act, fiscal year 1935," approved June 19, 1934, provides:
u* * * That n o t exceeding $500,000,000 in the aggregate of any savings or unobligated balances in fundsof the Reconstruction Finance Corporation may, in the discretion of the President, be transferred and
applied to the purposes of the Federal Emergency Relief Act of 1933 and/or title II of the National Industrial
Recovery Act, * * *." Under this act $500,000,000 has been transferred to the Federal Emergency
Relief Administration.
3 The Emergency Relief Appropriation Act of 1935, approved Apr. 8, 1935, provides: " T h a t in order to
of any savings or unexpended balances in funds of the Reconstruction Finance Corporation
$500,000,000
has been disbursed by the Corporation under these provisions of the act.
4
Sec. 2 of the Reconstruction Finance Corporation Act, as amended, 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 * * *."
The
amount of such stock subscribed for by the Secretary of the Treasury is $124,741,000.
5
Sec. 4-b of the Home Owners' Loan Act of 1933, provides that to enable the Secretary of the Treasury to
make payments for subscriptions by him to the capital stock of the Home Owners' Loan Corporation the
Reconstruction Finance Corporation shall allocate and make available to the Secretary of the Treasury the
sum of $200,000,000 or so much thereof as may be necessary. The amount of such stock subscribed for by the
Secretary of the Treasury is $200,000,000 and this amount has been paid to him.
6 Sec. 30 (a) of the Emergency Farm Mortgage Act of 1933, as amended, made $100,000,000 available to the
Farm Loan (now Land Bank) Commissioner for loans to joint-stock land banks, of which $2,600,000 has
been paid to him. 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 which $145,000,000 was paid to the Land Bank Commissioner
and the remaining $55,000,000, reallocated and paid to the Federal Farm Mortgage Corporation under
sec. 3 of the Federal Farm Mortgage Corporation Act.
7 Sec. 4 of the National Housing Act provides that "the Reconstruction Finance Corporation shall make
available to the Administrator such funds as he may deem necessary." Pursuant to this act $51,121,074.55
has
been paid to the Federal Housing Administrator.
8
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 then held by the Corporation, $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.
8
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended, to aid in the reorganization or liquidation of closed institutions have been authorized in the aggregate amount of $1,303,261,271.78of which $304,533,068.91 has been canceled. After taking into consideration repayments of $846,970,060.31
items (10) of the balance sheet include the balance of $81,965,368.32 representing proceeds disbursed (less
repayments) and $69,792,774.24 representing proceeds not yet disbursed, exclusive of a $25,000 loan approved
in principle upon the performance of specified conditions.
w Represents undisbursed portion of estimated expenses of the regional agricultural credit corporations
for the fiscal year ending June 30, 1938.
186
REPORT OF THE COMPTROLLER OF THE CURRENCY
In addition to loans and other authorizations reflected on the statement of condition, the Corporation has approved in principle, upon
the performance of specified conditions, loans in the amount of
$163,724,284.65, purchases of preferred stock and debentures in the
amount of $36,117,430.41, and purchase of stock of a mortgage company in the amount of $10,000,000. The Corporation has also agreed
to purchase from the Federal Emergency Administration of Public
Works at par and accrued interest such part of securities having
aggregate par value of $44,673,000 as may be available for delivery.
Under the provisions of section 5 (b) of an act approved June 16,
1934 (Public, No. 362, 73d Cong.), the Corporation is required to
purchase debentures or other obligations of the Federal Deposit
Insurance Corporation, upon its request, up to but not exceeding
$250,000,000. The Corporation has not been called upon to purchase
any such obligations.
This statement of condition does not take into consideration
expenditures incurred but not paid by the Corporation at the close of
business June 30, 1937, nor income of regional agricultural credit
corporations whose capital stock was subscribed by the Corporation
Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1932, to June 30, 1937, inclusive, by States
(includes loans to receivers, liquidating agents, and conservators, and loans through mortgage loan companies to aid in the reorganization or
liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets of closed banks
and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended)
Banks and trust companies
Amount
authorized
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
District of C o l u m b i a .
Florida
Georgia
Idaho
Illinois
—
Indiana
Iowa
Kansas.
Kentucky
_—
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri-..-.
Montana
Nebraska
Nevada
N e w Hampshire
N e w Jersey
N e w Mexico
N e w York
N o r t h Carolina
_.
O
National *
State
Amount withdrawn or canceled
All others
Amount
disbursed
$1,173,300.00
217,000.00
1,785, 200.00
13,948,484. 71
1, 867,950. 20
$382, 402.20
62,000.00
318, 801. 29
2,832, 093. 37
439,019.63
$790,897.80
149,400.00
1,428,948.71
11,093, 301. 62
1,428,930.57
16,300,241. 35
1, 866, 300. 00
513, 800. 00
3, 628,400. 00
37, 466, 212. 96
21, 040, 426. 87
11, 401,002. 20
2, 285, 700. 00
8,956, 572. 41
336,300. 00
11, 019, 500. 00
3, 508, 900. 00
9, 375,700. 00
258, 980, 465. 59
2, 589, 247.13
2,902,400.00
7, 971, 500. 00
465, 200. 00
1,518,126. 58
430,000. 00
1,917, 748. 39
720. 503.82
204, 631.45
364,206. 73
8, 651,919. 69
4,302,961. 65
2, 270, 363. 26
621, 267. 40
1, 627, 968.86
230, 000.00
649, 535. 32
578,075. 59
2, 382,837. 02
45,459,122. 20
534,992. 52
567,400.00
2,301,158. 68
115, 700. 00
344, 818. 61
80,000. 00
13, 216,492.96
1,145,796.18
309,168. 55
3, 264,193. 27
28,110,413.27
16, 334,478. 27
9, 056, 438.94
1, 616,832. 60
6, 470,903. 55
105,000. 00
10, 232, 464. 68
2,865,424.41
6, 974,462. 98
213, 317, 643. 39
2,006,854. 61
2,297,600.00
5, 654, 741. 32
337, 500. 00
1,087, 707.97
350,000. 00
23,705,489. 91
65, 000. 00
43,178, 062. 09
6,949,900.00
6.161,495. 56
25,800.00
5,863, 685. 78
1,727,192.11
16,896,041.76
39, 200. 00
35,608, 305. 29
5,159,707.89
i Includes District of Columbia banks and trust companies.
Total
Amount withdrawn or canceled
Amount
disbursed
3, 366, 681. 44
71, 500. 00
3,331,000.00
$2,703,267.89
117,198.27
3, 564, 788. 72
293, 443.90
2,951.70
675,234.48
$2,404, 544. 57
130, 301.73
4,833, 582.88
3,073,237. 54
68,548.30
2,655,765. 52
4,957,072.27
4,637,195.48
3,024,308. 48
2,031,933.06
1,931,663. 79
2, 605, 262.42
30,008,964.86
6,042,450. 85
7, 430, 700.00
1,393,800. 00
1, 231,425.06
49, 704,417. 72
31, 858, 776. 50
10, 269,024. 00
25, 468,148. 32
58, 455, 304. 71
3,130,100. 00
4,618, 559.94
9, 519, 532. 54
576,000.00
2, 460,926. 07
1, 977, 364.19
500,000.00
9,234,000.00
413,473. 54
17,062,369. 54
8,081,751.4g
10,645,901.15
2, 410,465.28
1,098,168. 76
512, 602.31
395, 533.69
7, 790, 798. 49
3, 374, 615.84
1, 686,286. 22
2,492,360. 34
17, 851, 417. 56
2, 370,467.20
956, 326.95
1, 972, 339. 75
76, 386. 34
815,824. 20
395,864. 39
39, 597.69
4,514, 574. 59
34, 996. 50
7,168,496.15
4,619,964.84
19,032,949.44
3,432, 421. 77
6, 332, 531. 24
864, 697. 69
823,325.18
29, 224, 619. 23
28, 484,160. 66
8, 582,737. 78
22, 871, 674. 80
31,948, 336. 53
759, 632. 80
3,662,232.99
7, 201, 842. 79
499, 613. 66
1, 637,101. 87
1, 44fi, 499. 80
460, 402.31
4, 069, 425.41
378, 477. 04
9,893,873. 39
3,461,786.64
Amount
authorized
$5,107,812. 46
247, 500. 00
Amount
authorized
$6,281,112.46
464, 500.00
10, 268, 063. 08
17,315,166.15
1,939,450. 20
3, 331,000. 00
18, 300, 241. 35
6, 823, 372. 27
5,150,995.48
3, 628, 400.00^
67,475,177.82
27,082,877. 72
18,831, 702. 20
3, 679, 500. 00
10.187,997.47
50, 040, 717. 72
42, 878, 276. 50
13,777, 924. 00
34, 843, 848. 32
317, 435, 770. 30
5,719, 347.13
7, 520,959.94
17,491,032. 54
1,041, 200. 00
3,979, 052. 65
2, 407,364.19
500,000. 00
32, 939, 489. 91
478,473. 54
60,240, 431. 63
15.031,651.48
Amount withdrawn or canceled
$3,085, 670. 09
179,198. 27
3,883, 590. 01
3,125, 537. 27
441,971.33
675,234. 48
1,917,748.39
3,744,812. 30
2, 236, 564. 51
364,206. 73
19,297,820.84
6,713,426.93
3, 368, 532. 02
' 1,133, 869. 71
2,023, 502. 55
8, 020, 798. 49
4,024,151.16
2,264,361.81
4,875.197. 36
63, 310', 539. 76
2,905, 459. 72
1, 523, 726.95
4, 273, 498. 43
192,086. 34
1,160,642. 81
475,864. 39
39, 597. 69
10, 676,070.15
60,796. 50
13,032,181. 93
6,347,156.95
Amount
disbursed
$3,195,442.37
279,701.73
6, 262, 531. 59
14,166, 539.16
1,497,478.87
2,655, 765. 52
13, 216,492.96
3, 077,459.97
2,914,430.97
3,264,193. 27
47,143,362. 71
19, 766,900. 04
15, 388,970.18
2, 481, 530. 29
7,294,228.73
29, 329, 619. 23
38,716,625.34
11,448,162.19
29,846,137. 78
245, 265,979.92
2. 766,487.41
5,959,832.99
12,856, 584.11
837,113. 66
2, 724,809. 84
1,796,499. 80
460,402.31
20,965,467.17
417,677.04
45,502,178. 68
8,621,494.53
o
i
h3
O
§
a
d
a
Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1982, to June 80, 1937, inclusive, by States
(includes loans to receivers, liquidating agents, and conservators, and loans through mortgage loan companies to aid in the reorganization or
liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets of closed banks
and trust companies under sec. 6e of the Reconstruction Finance Corporation Act, as amended)—Continued
Banks and trust companies
State
Amount
authorized
North Dakota
Ohio
Oklahoma .
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Puerto Rico
Total
Amount withdrawn or canceled
$2,663,264.68
14,022,664.07
2,261,303.15'
2,970,800.00
80,366,284.97
$914,482.14
3,230,329.27
966,131.84
382,567.84
19,737,825.39
5,201,680.14
1,295,184.30
16, 761,143.68
5,966,434.14
39,500.00
1,349,800.00
2,199, 700.00
9,255,369.82
8, 111, 084.16
7,019,721.08
1,285,812.37
264,120.91
951,679. 72
984,746.55
4,500.00
275,100.71
368,134.96
1,061,155.67
796,193.37
1, 554,466.26
654,830,316.19
124,514,948.13
o
All others
National
Amount
disbursed
Amount
authorized
Amount withdrawn or canceled
Amount
disbursed
$1,616,882.54
$52,079.30
10,690,534.80 232,880,592.50
1, 268, 754. 76
769,918.00
733,920.25
2,521,032.16
48,303,479.65
57,865,840.37
1,255,841.54
3,858,567.77
2,264,763.16
1,000,313.39
1,115,643.81
15,703,663.96
1,492,875.64
4,947,279.64
6,933,607.27
35,000.00
4,388,776.52
1,064,999.29
1,766,365.04
5,320,500.00
8,129,214.15 10,314,516.19
6,879,190.79
4,717,256.00
5,389,954.82
6,632,006.05
185,500.00
1,485,000.00
$12,247.68
36,375,061.25
438,320.34
235,022.55
24,209,042.06
248,409.55
263,153.31
715,909.97
539,733.70
743,137.19
2,378,692.06
$39,831.62
161,084,432.74
331,597.66
498,897. 70
24,063,543.48
1,007,431.99
2,001,609. SF.
350,847.73
953,141.94
6,130,470.08
1,948,584.46
911,883.25
1, 653,154 05
2, 023,867. 28
4,618,539.98
185,500.00
4,408, 616. 75
8,661,362.14
2, 668,388. 72
2,013,466.07
638,484,989.93
159,187,788.96
418,933,472.70
520,086,444.07
n
Total
Amount
authorized
$2,615,843.98
246,903,256.57
3,031,221.15
3,704,720.25
128,689,764.62"
1, 255,841.54
7,466,443.30
2,410,828.11
18, 254,019.32
12,900,041.41
4,428,276.52
1,349,800.00
7,520,200.00
19,569,886.01
12,828,340.16
13,651,727.13
185,500.00
1,485,000.00
1,293,315,306.12
Amount withdrawn or canceled
Amount
disbursed
• $926,729.82
39,605,390.52
1,404,452.18
617,590.39
43,946,867.45
248,409.55
1,548,965.68
980,030.88
1,491,413.42
1,727,883.74
2,383,192.06
275,100. 71
1, 280,018. 21
2,714,309.72
2,820,060.65
6,173,006.24
185,500.00
$1,656,714.16
171,774,967.54
1,600,352.42
3,019,929.86
81,929,383.85
1,007,431.99
5,860,177.62
1,351,161.12
16,656,805.90
11,077,749.72
1,983,584.46
1,064,999.29
6,174,981.79
16,790,576.29
9,547,579.51
7,403,420.89
283,702,737.09
939,019,916.77
w
o
Loans on and purchases of preferred stocky and purchases of capital notes or debentures, of banks and trust companies, disbursed by the Reconstruction Finance Corporation from Mar. 9,1933, to June 30,1937, inclusive; and outstanding as of June 30, 1937 {under sec. 304, title III,
of the act approved Mar. 9, 1933, as amended)
Banks and trust companies
National
Disbursed
State
Number
of banks
and trust
companies
Amount
All others
Outstanding
Number
of banks
and trust
compa-
Amount *
Disbursed
Number
of banks
and trust
companies
Amount
Alabama
$6,858,921
$4,856,775
$10,996,800
16
44
1
Alaska
37,500
3
Arizona
1, 540,000
1,329,640
2
890,000
24
Arkansas
1,570,000
1,251,425
16
2,849,000
California
62
19,899, 925
16,270,386
45
59
28, 602,500
Colorado
32
4,118,500
3,186,450
30
24
775,000
Connecticut
3,723,426
3,463,827
15
16
23
3,468,700
Delaware
137,300
4
132,300
4
7
430,000
District of Columbia»
1,100,000
2
1, 052,900
2
5
1,800, 000
Florida
1,330,000
13
918,000
12
27
846.200
Georgia
1,722, 500
18
1,087,875
14
68
3,113,000
Idaho
1,090,000
9
926,300
8
15
1,040,000
Illinois
83, 720, IU
128
41,094,981
109
91
' 6,871,000
Indiana
7,188,500
51
3,750,470
39
9,478, 500
230
Iowa
6,447,500
47
3,922, 250
39
92
3,800, 500
Kansas
46
2, 282,500
1,892,525
42
Ii52
2,990,250
Kentucky
29
3,397,350
2,355, 625
25
83
5,482, 500
Louisiana
15
4,400,000
3,541,700
14
96
11,112,000
13
2,610,000
1,532,425
Maine
11
6, 515,500
18
13
2, 728,170
2,217,006
Maryland
12
52
6,350,000
43
10, 723, 200
6,438,075
Massachusetts
26
24
5,951,000
52
20,400,160
15,487,699
Michigan
45
131
20, 224, 501
97
13, 547, 525
7, 278,199
Minnesota
68
160
3, 774,500
15
2,652,650
2,362,048
Mississippi
15
133
11, 630,500
30
8, 517,125
2,409,575
Missouri
22
189
12, 234,000
20
1,511,000
Montana
15
910,022
37
2,519, 500
t Amount outstanding includes repayments unallocated, pending advices, as of June 30,1937.
«Excludes subscriptions for preferred stock of export-import banks of Washington.
S
8
Total
Outstanding
Number
of banks
and trust
companies
Amount l
$3,985,512
1
82
40
24
23
6
5
27
59
14
67
209
79
139
78
74
18
51
20
117
126
124
172
29
24,967
2,528,688
14, 963,967
765,500
2,944, 250
192, 000
1,381,700
793,292
2,201, 506
884,350
4,637, 200
8, 232, 725
3, 221,860
2, 564,699
4, 401, 075
4,810,200
5,196, 593
5, 467, 288
3,992, 687
17,102, 951
2,417,461
5,581,804
5,878,274
1,445,050
Disbursed
Number
of banks
and trust
companies
70
1
5
113
121
56
39
11
7
40
86
24
219
281
139
198
112
111
31
65
67
183
257
148
219
57
Amount
$15,853,575
37,500
2,430,000
4,419,000
48,502,425
4,893,500
7,192,126
567,300
2,900,000
2,176, 200
4,835, 500
2,130,000
90, 591,114
16,667,000
10,248,000
5, 272, 750
8,879,850
15, 512, 000
9,125, 500
9,078,170
16, 674, 200
40, 624, 661
17,322,025
14, 283,150
20,751,125
4,030, 500
Outstanding
Number
of banks
and trust
companies
54
85
54
38
10
7
39
73
22
176
248
118
181
103
88
29
63
46
162
194
139
194
44
Amount i
w
$10,844,433
1,354,607
3,780,113
31, 234,353
3,951,950
6,408,077
324,300
2,434,600
1, 711, 292
3, 289,381
1,810,650
45,732,181
11,983,195
7,144,110
4,457, 224
6, 756,700
8,351,900
6,729,018
7,684, 294
10,430,762
32,590.650
9, 695,660
7,943,852
8,287,849
2,355,072
O
o
d
3
OO
CO
Loans on and 'purchases of preferred stock, and purchases of capital notes or debentures, of banks and trust companies, disbursed by the Reconstruction Finance Corporation from Mar. 9, 1933, to June 30, 1937, inclusive; and outstanding as of June 30, 1937 {under sec. 304, title III,
of the act approved Mar, 9, 1933, as amended)—Continued
CO
O
Banks and trust companies
National
Disbursed
State
Number
of banks
and trust
companies
Nebraska
___
Nevada
New HampshireNew Jersey
New Mexico
New York
North Carolina._
North Dakota.
Ohio
Oklahoma
___
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina...
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Virgin Islands
Washington
West Virginia
Wisconsin
Wyoming
Total.
Outstanding
Number
of banks
and trust
companies
Amount
135
6
239
18
31
83
40
20
200
$5,834,950
175, 000
651, 635
29,449,436
410, 000
127,860, 606
1,905, 000
2, 410, 500
35,300,737
10,874,000
890, 000
20, 678, 736
43
2
4
127
6
193
17
23
71
31
11
178
$4,112,302
74,000
144,135
26,576,625
350,000
22,619,851
1,308,610
1, 508, 650
21,085,353
3,907,928
325,600
15,157, 299
27
27
147
8
9
36
1
23
35
56
10
648, 500
1, 505,000
2,954,100
8,062,500
23, 371, 625
1,325,000
560, 000
3,917,400
125,000
2,740,000
3, 395,067
15,195,100
702. 500
3
5
22
24
330
7
9
28
1
19
28
47
480,000
1,352, 500
2,091,893
7,210, 250
16,341,203
976,811
452, 250
1,742,975
124, 000
2,056, 750
1,976, 935
12,686,035
404, 616
49
2,029
Amount
All others
518,334,137
1,681
276,737,195
Disbursed
Number
of banks
and trust
companies
g
Total
Outstanding
Amount
Amount
99
1
1
70
13
237
114
97
304
6
33
86
3
1
29
92
94
256
33
46
$2,073,000
30, 000
100,000
44,522,580
305,000
179, 715,000
5,558, 500
1,594,000
56,821, 500
60, 000
1, 060,000
25,316,360
1, 250,000
250,000
1,266,800
1,484,000
4,496, 550
7, 752, 500
2,670,000
15, 235, 000
6,777, 250
85
1
1
68
11
153
99
92
242
6
28
82
2
1
28
77
90
210
27
46
92
$1,471,547
29,000
100,000
39, 535,419
276,625
46, 531, 274
5, 093, 786
1,455,900
38,938,475
57,875
936, 400
23,678, 314
475,000
248,750
691,950
1, 004, 400
4, 247,175
5, 944,809
1,470, 250
14,965, 700
5,913,150
71
55
346
13
3,324, 500
3,016,000
17,952, 000
665,000
50
302
11
1,322, 550
2, 600, 074
14,010, 200
591, 833
4,047
540,900, 966
3,486
317,206,055
Disbursed
Number
of banks
and trust
companies
Amount
Outstanding
Number
of banks
and trust
com pa-
W
Amount
2,771,800
4,438,100
12, 559,050
31.124,125
3,995, 000
15, 795, 000
10, 694,650
125, 000
6, 064, 500
6, 411,067
33,147,100
1,367, 500
128
3
5
195
17
346
116
115
313
37
39
260
2
4
33
99
114
340
34
55
120
1
79
78
349
17
$5, 583,849
103,000
244,135
66,112,044
626, 625
69,151,125
6, 402,396
2,964, 550
60,023,828
3,965,803
1,262,000
38,835,613
475, 000
728, 750
2, 044, 450
3, 096, 293
11, 457,425
22, 286,012
2,447,061
15, 417,950
7, 656,125
124, 000
3, 379,300
4, 577,009
26,696,235
1,059, 235,103
5,167
593,943, 250
148
4
9
205
19
476
132
128
387
46
53
286
3
4
35
119
121
403
41
55
132
1
94
90
402
23
$7,907,950
205,000
751,635
73,972,016
715,000
307, 575, 606
7,463,500
4,004, 500
92,122, 237
10,934, 000
1,950,000
45, 995, 096
1,250,000
6,076
H
a
o
O
I
o
REPORT OF THE COMPTROLLER OF THE CURRENCY
191
FARM CREDIT ADMINISTRATION
The following statement shows the assets and liabilities of the Farm
Credit Administration as of June 30, 1937:
Consolidated statement of condition, June 30, 1937
ASSETS
Loans and discounts:
Agricultural credit corporations
$559, 621. 28
Real estate mortgages
2,l 905, 884, 487. 05
Crop, livestock, and commodities.._
418, 279, 142. 89
Cooperative associations
89, 103, 217. 73
Joint-stock land banks
116, 996. 96
Other—stabilization
67, 998, 372. 83
Purchase money mortgages and real-estate contracts
Accrued interest receivable
Accounts and other receivables
Cash:
8
With U. S. Treasury. _ _
$84, 856, 289. 52
On hand and in banks..
41, 950, 409. 36
In trust funds
2, 914, 317. 54
Investments:
United States securities. _ _
F. F. M. C. bonds
F. F. L, bonds
P. C. A. class A stock
F. I. C. B. debentures
Other investments
148, 673, 660. 57
83, 588, 501. 97
786, 457, 690. 00
76, 385, 811. 68
1, 203, 119. 36
21, 425. 19
Real estate and business property:
Banking house and equipment
Stores and supplies
Real estate and other property held
for sale
Other assets
Interagency assets:
Due from governmental corporations
or agencies
Allocations from R. F. C .
$3, 481, 941, 838. 74
78, 410, 438. 70
2
101, 409, 600. 93
4, 891, 080. 78
129, 721, 016. 42
4
Xj
096, 330, 208. 77
7, 181, 494. 78
59, 139. 59
146, 910, 534. 10
__
154, 151,168. 47
7, 590, 575. 06
$42, 604, 146. 36
128, 465, 847. 08
171j 069? 9 9 a
Total, all assets
44
5, 225, 515, 921. 31
LIABILITIES
Bonds,
F.
F.
F.
notes, and debentures:
F. M. C. bonds
F. L. bonds
I. C. B. debentures
- $1, 422, 190, 900. 00
1, 877, 622, 615. 00
.___
180, 895, 000. 00
Accrued interest payable:
Guaranteed by United States
Less cash deposited with Treasurer
United States for payment of
matured interest
Net
Not guaranteed by United States..
3, 480, 708, 515. 00
26, 752, 404. 08
17, 686, 773. 91
9, 065, 630. 17
21, 485, 368. 34
30, 550, 998. 51
1
Does
9
not include P. O. A. loans not discounted with F. I. C. B.
Includes accrued interest on F. F. M. C. bonds, F. F. L. bonds, and F. I. C. B. debentures held by
banks
and corporations under the supervision of the F. C. A.
3
Does not include balances of appropriations and allocations on the books of the Division of Bookkeeping
and Warrants, available for requisition.
* Includes F. F. M. C. bonds, F. F. L. bonds, and F. I. C. B. debentures held by banks and corporations
tinder the supervision of the F. C. A.
192
REPORT OF THE COMPTROLLER OF THE CURRENCY
Consolidated statement of condition, June 80, 1987—Continued
Other liabilities:
Deferred income
Other indebtedness
LIABILITIES—continued
$5, 825, 380. 41
50, 452, 596. 37
Reserves:
For uncollectible items
Other operating reserves
197, 298, 012. 29
43, 118, 206. 15
Interagency liabilities:
Due to governmental corporations
or agencies
._
Capital and surplus:
Capital (including appropriations
and funds)..
$1,089,264,377.26
Paid-in surplus
191, 083, 196. 22
Undivided profits
27, 016, 158. 47
Surplus reserves:
Legal reserves
Other—contingent
Total, all liabilities.
_-_
40, 150, 549. 96
13, 669, 228. 44
._.
$56, 277, 976. 78
240, 416, 218. 44
56, 378f 702. 23
1, 307, 363, 731. 95
53, 819, 778. 40
5, 225, 515, 921. 31
NOTE.—This statement does not include assets directly held by the national farm loan associations.
Banks for cooperatives
The following statement shows the condition of the 12 district banks
for cooperatives and the Central Bank for Cooperatives as of June 30,
1937, taken from report compiled by the Farm Credit Administration:
Consolidated statement June 80, 1987
ASSETS
Loans, less reserve
Loan funds in escrow pending closing
Cash
U. S. Government obligations, direct and fully guaranteed
Consolidated Federal intermediate credit bank debentures
Loans in process of liquidation, less reserve
Assets acquired in liquidation of loans, less reserve
Accounts receivable
Notes receivable, less reserve
Accrued interest receivable on loans and investments
Automobiles, furniture, fixtures and equipment (net)
Prepaid and deferred expense
Other assets
_
-_
Total.
$44, 188, 414. 66
13, 565. 00
14, 546, 252. 53
95, 955, 166. 95
1, 203, 119. 36
33, 313. 63
24, 452. 09
13, 135. 64
34, 845. 97
794, 039. 93
39, 422. 77
4, 769. 49
35,927. 76156, 886, 425. 78
LIABILITIES
Loans rediscounted with Federal intermediate credit banks
5, 500, 383. 51
Accounts payable
2, 864. 50
Trust accounts
>
79, 520. 53
Accrued interest payable on loans rediscounted with Federal
intermediate credit banks-28, 653. 23
Other liabilities.
84, 795. 88
Capital stock and guaranty fund
142, 450, 500. 00
Surplus earned
_
_
7, 719, 859. 58
Undivided profits
-_
1, 019, 848. 55
Total
156, 886, 425. 78
REPORT OF THE COMPTROLLER OF THE CURRENCY
193
Federal land hanks
The following statement shows the condition of the 12 Federal land
banks as of June 30, 1937, taken from report compiled by the Farm
Credit Administration:
Consolidated statement June SO, 1987
ASSETS
Mortgage loans, less matured principal unpaid
$2, 051, 324, 364. 77
Extensions, less reserve.
24, 421, 614. 67
Delinquent installments, less partial payments, delinquent
installments and reserve
5, 392, 397. 38
Accounts receivable (tax advances, insurance advances, etc.).
2, 690, 600. 07
Purchase money mortgages and contracts
77, 549, 159. 69
Cash
_
30, 959, 160. 82
Deposits with the Treasurer of the United States for matured
or called obligations.
11, 091, 923. 23
Due from the Secretary of the Treasury (interest reductions
and paid-in surplus)
11, 810, 650. 68
U. S. Government obligations, direct and fully guarnateed-.
43, 853, 118. 75
Other bonds and securities
9, 225. 19
Accrued interest receivable (not yet due)
_
32, 180, 054. 27
Real estate owned, less reserve
74, 376, 165. 42
Sheriffs' certificates, judgments, etc., less reserve
22, 088, 138. 97
Loans called for foreclosure, less reserve
18, 945, 955. 50
Banking houses, furniture, fixtures, equipment, etc., less
reserve.
6, 503, 477. 27
Deferred expense
7, 449, 139. 96
Other assets
706, 390. 23
Total
2, 421, 351, 536. 87
LIABILITIES
Farm loan bonds outstanding, less bonds held by banks
1, 868, 587, 960. 00
Matured obligations (farm-loan bonds including interest)
9, 515, 863. 86
Notes payable
61, 057, 719. 63
Accrued interest payable (not yet due)
20, 473, 457. 70
Deferred proceeds of loans..
_.
906, 265. 88
Accounts payable
674, 165. 39
Dividends declared but unpaid
195, 070. 64
Trust accounts
5, 371, 303. 57
Payments received on unmatured installments
1, 536, 754. 82
Partial payments on extensions, purchase money mortgages,
contracts, etc
1, 759, 151. 14
Taxes and assessments due on bank-owned real estate
612, 288. 90
Other liabilities
1, 768, 594. 15
Deferred income
4, 795, 427. 24
Insurance reserve, bank-owned farm improvements
395, 141. 95
Capital stock.
_
234, 297, 100. 00
Paid-in surplus
146, 397, 284. 69
Legal reserve40, 150, 549. 96
Earned surplus
4, 500, 000. 00
Reserve for contingencies
12, 651, 566. 97
Undivided profits
5, 705, 870. 38
Total
-
2, 421, 351, 536. 87
194
REPORT OF THE COMPTROLLER OF THE CURRENCY
Federal Farm Mortgage Corporation
The following statement shows the condition of the Federal Farm
Mortgage Corporation as of June 30, 1937, taken from report compiled
by the Farm Credit Administration:
Statement of condition June SO, 1937
ASSETS
Mortgage loans, less matured principal unpaid
$828, 418, 326. 71
Delinquent installments, less partial payments, delinquent
installments and reserve
2, 158, 612. 68
Accounts receivable
193, 051. 42
Purchase-money mortgages and contracts
1, 208, 322. 63
Cash
16,006,725.60
Deposits with the Treasurer of the United States for matured
bond interest
17,686,773.71
Consolidated Federal farm-loan bonds (par)
761, 129, 840. 00
Notes receivable, Federal land banks
24, 200, 000. 00
Accrued interest receivable (not yet due)
20, 862, 919. 24
Real estate owned, less prior liens not assumed and reserve
2, 059, 613. 43
Sheriffs' certificates, judgments, etc., less prior liens not assumed and reserve
2, 169, 273. 50
Loans called for foreclosure, less reserve
3, 038, 800. 26
Furniture, fixtures and exuipment (Central Office)
1. 00
Unamortized discount on bonds sold
860, 119. 04
Other assets
202, 328. 49
Total
1, 680, 194, 707. 71
LIABILITIES
Federal Farm Mortgage Corporation bonds outstanding
1, 422, 190, 900. 00
Matured interest on Federal Farm Mortgage Corporation
bonds
17, 686, 773. 91
Accrued interest on Federal Farm Mortgage Corporation
bonds (not yet due)
9, 065, 630. 17
Deferred proceeds of loans
380, 388. 58
Accounts payable
711, 053. 53
Trust accounts
1, 345, 435. 17
Other liabilities
62, 731. 74
Unamortized premium on bonds sold
1, 383, 006. 52
Capital stock
200, 000, 000. 00
Reserve for losses on mortgage loans
27, 368, 788. 09
Total
1, 680, 194, 707. 71
Federal intermediate credit banks
The following statement shows the condition of the 12 Federal
intermediate credit banks as of June 30, 1937, taken from report
compiled by the Farm Credit Administration:
REPORT OF THE COMPTROLLER OF THE CURRENCY
195
Consolidated statement June 80, 1987
ASSETS
Loans and discounts, less reserve
Notes receivable, less reserve
Cash on hand and in banks
U. S. Government obligations, direct and fully guaranteed
Accounts receivable
Accrued interest receivable on loans and investments
Prepaid and deferred expense
Other assets, less reserve
Total
$211, 090, 125. 12
805, 229. 72
6, 948, 240. 71
73, 215, 000. 00
15, 696. 56
1, 315, 634. 54
759. 15
148, 128. 80
293, 538, 814. 60
LIABILITIES
Unmatured consolidated debentures outstanding
Trust accounts
Accounts payable
Liability for cash collateral
Deferred proceeds, loans and discounts
Accrued interest payable (not yet due)
Interest collected, not earned
:
Unamortized premium on outstanding debentures
Other liabilities
Capital stock paid in
Surplus paid in
Surplus earned and undivided profits
Total
180, 895, 000. 00
182, 761. 47
5, 417. 55
946, 977. 57
16,046. 85
1, 002, 966. 92
118, 558. 21
388, 499. 98
38, 684. 87
70, 000, 000. 0ft
30, 000, 000. 00»
9, 943, 901. 1&
293,538,814.60
Joint-stock land banks
On June 30, 1937, there were 40 joint-stock land banks in operation, 3 in voluntary liquidation, and 5 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, although individual statements of such banks, as
well as 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 jointstock 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 jointstock 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 1-933, as amended by the Farm
Credit Act of 1935, as a means of expediting the required liquidation
authorized and directed the Reconstruction Finance Corporation to
make available to the Land Bank Commissioner until May 13, 1937,
the sum of $100,000,000 to be used for the purpose of making loans to
the joint-stock land banks 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.
196
KEPORT OF THE COMPTROLLER OF THE CURRENCY
FEDERAL HOME LOAN BANK SYSTEM
The following statement shows the assets and liabilities of the
Federal Home Loan Bank System as of September 30, 1937:
Consolidated statement Sept. 80, 1937
ASSETS
Cash:
On hand
__
On deposit with:
United States Treasurer
United States
Treasurer, special account symbol
17-6781
Commercial banks
Federal Home Loan Bank of New York, agent
In transit
Total cash
$40, 375. 34
10, 116, 962. 43
185,250.00
3, 951, 329. 84
15, 000. 00
15, 627. 40
14, 324, 545. 01
Investments: U. S. Government obligations and securities
guaranteed by United States
^
30, 700, 305. 79
Advances outstanding:
Members
179, 508, 230. 86
Nonmembers..
2, 975. 00
Total advances outstanding
Accrued interest receivable:
Investments
Advances to members..
179, 511, 205. 86
142, 689. 80
449, 341. 42
_
Total accrued interest receivable
592, 031. 22
Deferred charges:
Prepaid debenture expense
Prepaid assessment, Federal Home Loan Bank Board
Prepaid surety bond and insurance premiums
Other
Total deferred charges
_
63, 422. 63
74, 999. 94
3, 636. 70
652. 61
...._
Other assets:
Accounts receivable
Miscellaneous
9, 076. 78
2, 405. 02
Total other assets
Total assets
142, 711. 88
_
11,481. 80
—
225, 282, 281. 56
LIABILITIES AND CAPITAL
Liabilities:
Deposits:
Members—
Time...
_
Demand
_.
Applicants.
_
Prepayment on advances
Total deposits
_
..
10, 652, 742. 60
1, 084, 888. 83
120, 000. 00
175, 676. 00
12, 033, 307. 43
* Funds deposited with the United States Treasurer as special agent, for the purpose of maturing interest
•coupons due and payable Oct. 1,1937, on series A, IH percent consolidated Federal Home Loan bank debentures dated Apr. 1,1937.
REPORT OF THE COMPTROLLER OF THE CURRENCY
Consolidated statement Sept. 80, 1937—Continued
LIABILITIES AND CAPITAL—continued
Liabilities—Continued.
Accrued interest payable:
Deposits, members
Debentures
Total accrued interest ^payable
_
_
Accounts payable
Premiums on debentures
Debentures outstanding (short term) 2
Total
Less unpaid subscriptions
$15, 609. 36
272, 750. 01
288, 359. 37
2, 720. 84
43, 349. 80
52, 700, 000. 00
Total liabilities
Capital:
Capital stock (par):
Members (fully paid)
Members (partially paid)
197
65, 067, 737. 44
._
33,032,600.00
444, 500. 00
33, 477, 100. 00
202, 650. 00
33, 274, 450. 00
U. S. Government subscription
Less amount uncalled
124, 741, 000. 00
3, 227, 000. 00
121, 514, 000. 00
Total paid in on capital stock
154, 788, 450. 00
Surplus, reserve as required under sec. 16 of act
2, 403, 485. 43
Undivided profits.
3, 022, 608. 69
Total surplus and undivided profits
5, 426, 094. 12
Total capital
160, 214, 544. 12
Total liabilities and capital
225, 282, 281. 56
1
Consolidated Federal Home Loan bank debentures issued by the Federal Home Loan Bank Board and
now outstanding are the joint and several obligations of all Federal Home Loan banks.
198
REPORT OF THE COMPTROLLER OF THE CURRENCY
Home Owners1 Loan Corporation
The following statement shows a summary of the operations of the
Home Owners7 Loan Corporation from the date of its organization
in 1933 to the close of business on September 30, 1937:
Summary of operations
Applications received:
Number
$1, 886, 693
Amount
6, 172, 647, 000
Average per application
$3, 272
Content of loans disbursed:
Number
1, 026, 190
Amount:
J
Bonds issued:
4-percent bonds dated July 1,
1933, due July 1, 1951
$37, 319, 575
Series A 3-percent bonds dated
May 1, 1934, due May 1, 1952. 755, 448, 525
Series B 2%-percent bonds dated
Aug. 1, 1934, due Aug. 1, 1949. 1, 167, 433, 275
Series G 2%-percent bonds dated
July 1, 1935, due July 1, 1944_.. 442, 759, 725
Series F l^-percent bonds dated
June 1, 1935, due June 1, 1939
(series F issued in place of 4's
called)
285, 254, 750
Cash content of loans
388, 600, 816
Accrued bond interest included in
loans
16, 642, 605
3, 093, 459, 271
Average loan disbursed
$3, 015
In addition to bonds of $2,688,215,850 authorized in exchange for
home mortgages and shown above, the following bonds have been
issued for cash (for capital and operating needs, including the purchase
of shares in savings and loan associations and building and loan associations) and for subscription to the capital stock of the Federal
Savings and Loan Insurance Corporation:
4-percent bonds dated July 1, 1933, due July 1, 1951
$3, 396, 525
Series A 3-percent bonds dated May 1, 1934, due May 1, 1952
183, 727, 750
Series B 2%-percent bonds dated Aug. 1, 1934, due Aug. 1, 1949___
2, 100
Series G 214-percent bonds dated July 1, 1935, due July 1, 1944
50, 000, 225
Series E 2-percent bonds dated Aug. 15, 1934, due Aug. 15, 1938. __ 49, 532, 100
Series D 1%-percent bonds dated Aug. 15, 1934, due Aug. 15, 1937- 49, 843, 000
Series C l^-percent bonds dated Aug. 15, 1934, due Aug. 15, 1936__ 49, 736, 000
Series F lH-percent bonds dated June 1, 1935, due June 1, 1939___ 40, 000, 000
Series H ^-percent bonds dated Oct. 15, 1936, due Oct. 15, 1937 _ _ 132, 000, 000
Total
.
* After application of conversion and refunding operations.
.
558, 237, 700
REPORT OF THE COMPTROLLER OF THE CURRENCY
199
The following bonds have been retired and canceled from the bond
retirement fund:
4-percent bonds dated July 1, 1933, due July 1, 1951
Series A 3-percent bonds dated May 1, 1934, due May 1, 1952
Series B 2%-percent bonds dated Aug. 1, 1934, due Aug. 1, 1949
Series C 1 ^-percent bonds dated Aug. 15, 1934, due Aug. 15, 1936__
Series G 2^-percent bonds dated July 1, 1935, due July 1, 1944
Series D 1%-percent bonds dated Aug. 15, 1934, due Aug. 15, 1937__
Series H ^-percent bonds dated Oct. 15, 1936, due Oct. 15, 1937
$39, 837, 275
1, 710, 875
35, 023, 450
49, 726, 000
222, 375
49, 345, 000
107, 000, 000 •
Total
282, 864, 975
Matured bonds on which interest has ceased:
4-percent bonds dated July 1, 1933, called for redemption July 1,
1935
Series C 1%-percent bonds dated Aug. 15, 1934, due Aug. 15, 1936__
Series D 1%-percent bonds dated Aug. 15, 1934, due Aug. 15, 1937__
$878 825
10] 000
498, 000
1, 386, 825
FEDERAL DEPOSIT INSURANCE CORPORATION
The following statements, taken from reports compiled by the
Federal Deposit Insurance Corporation, show the assets and liabilities
of the Corporation and of insured commercial banks in the United
States and possessions as of June 30, 1937:
Assets and liabilities June 80, 1937
ASSETS
Cash on hand and on deposit
$12, 003, 041. 35
U. S. Government securities (cost, less reserve
for amortization of premiums) and accrued
interest receivable
343, 961, 164. 66
Assets acquired through bank suspensions and
mergers:
Subrogated claims of depositors against
closed insured banks
Net balances of depositors in closed insured banks, pending settlement or not
claimed, to be subrogated when paid—
contra
Loans to merging banks to avert deposit
insurance losses
Assets purchased from merging banks to
avert deposit insurance losses
$355, 964, 206. 01
11, 430, 192. 93
1, 602, 692. 71
7, 971, 115. 79
992, 188. 48
21, 996, 189. 91
9, 483, 739. 39
Less: Reserve for losses
12, 512, 450. 52
1. 00
44, 703. 41
Furniture, fixtures, and equipment
Deferred charges and miscellaneous assets
Total assets
_
368, 521, 360. 94
LIABILITIES
Current liabilities:
Accounts and assessment rebates payable
Net balances of depositors in closed insured banks, pending settlement or not
claimed—contra
27021—38
14
$75, 203. 87
1, 602, 692. 71
1, 677, 896. 58
200
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities June 80, 1937—Continued
LIABILITIES—continued
Unused credits for assessments paid to temporary Federal deposit insurance funds and
prepaid assessments
Reserve for undetermined expenses and losses
Total liabilities
$2, 624, 249. 31
69, 517. 24
__
4,371,663. 13
CAPITAL
Capital stock
_ 289, 299, 556. 99
Surplus:
Balance Dec. 31, 1936
$54, 105, 323. 78
Less adjustments applicable to periods
prior to Jan. 1, 1937
._
174, 089. 71
Balance as adjusted Dec. 31, 1936
53, 931, 234. 07
Surplus for the 6 months
ending June 30, 1937:
Additions:
Deposit insurance assessments
$19,336,829.99
Interest earned
(less provision for amortization of
premiums),- 4, 437, 985. 79
23, 774, 815. 78
Deductions:
Deposit insurance losses
and expenses
Administrative
expenses
Furniture, fixtures,
a n d equipment
purchased and
and charged off..
1, 522, 046. 08
1, 300, 807. 98
33, 054. 97
2, 855, 909. 03
Total capital
Total liabilities and capital
20,918,906.75
_
74, 850, 140. 82
364, 149, 697. 81
368, 521, 360. 94
RBPOBT OF THE COMPTROLLER OF THE CURRENCY
201
Assets and liabilities of operating insured commercial banks, by classes, June SO, 1937
fin thousands of dollars]
Number of banks...
All banks
National
banks
members
Federal
Reserve
System
State
banks
members
Federal
Reserve
System
1 13,885
5,293
1,064
17,528
17,004,627
9,996
11,850.167
8,791,388
5,089
6,891,783
5,484,971
3,427
3,978,621
2,728,268
1,480
979,763
2,114, 545
7,213,851
190,745
1,172, 617
537,430
6,896, 663
844,197
1,314, 640
3,890, 571
96,409
633,923
162,353
4,152,889
440, 696
503,890
1,874,181
90,734
346,452
191,361
2, 743, 774
296,015
1,449,099
3,602
192, 242
183, 716
6,799,291
818
256,629
3,771,710
229
128,345
1,688,070
116
94,382
1,339,511
473
33,902
54,891, 576
30, 280,025
17,188, 588
7,422,963
22,624,279
12,412,525
7,859,907
2,351,847
13,932,794
3, 511,114
783,091
7,446,341
2,198, 662
464,922
3,371,541
671,063
262,939
3,114,912
641,389
55,230
Banks
not
members
Federal
Reserve
System
ASSETS
Loans and discounts (including rediscounts) .
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 and cash items in process of
collection...
Securities borrowed...
Other assets
•
Total assets
214,892
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
•
State, county, and municipal deposits
U. S. Government and postal savings deposits
Deposits of other banks, certified and cashiers' checks,
cash letters of credit, and travelers' checks outstanding
6,948,614
4,193,106
2,609,040
146,468
47,799.892
Secured by pledge of loans and/or
investments...
$,368,921
Not secured by pledge of loans and! or investments. 44, 430,971
26, 715,556
2,239,386
24,476,170
14,774,490
755,500
14,018,990
374,035
5,935,811
Total deposits
_
Bills payable and rediscounts 3_
Acceptances outstanding executed by or for the account
of reporting banks
Securities borrowed
'Mortgage bonds and participation certificates outstanding
_
Dividends declared but not yet payable3
Other liabilities
-Capital stock, notes, and debentures
^
Surplus
Undivided profits, net
Reserves for contingencies and undeclared dividends 3.
Retirement fund for preferred stock, capital notes, and
debentures
35,425
9,216
8,218
17,991
215,267
818
113, 378
229
98,421
116
3,468
473
21,823
46,599
375, 694
27, 696
208,373
16,969
16.403
140, 753
4,854
2,500
26, 568
3,053.970
2,225,180
707, 589
384,103
1, 578, 356
1,071,102
389,035
155,065
865,893
900, 362
198, 460
164, 583
609,721
253, 716
120,094
64,455
25,216
12,019
3,920
9,277
6,396,058
2,133,218
1,057,263
,
54, 891, 576
17,188,588
7,422.963
.Assets pledged to secure liabilities:
U. S. Government obligations, direct and fully
guaranteed.
Other assets
3,114,308
979,258
804,432
190.128
255,421
190,697
Total capital account
Total liabilities, including capital account
Memorandum
2,054,455
598,433
* Includes 2 national banks in Alaska and 1 national bank in the Virgin Islands, none of which is a member
•of2the Federal Reserve System. Excludes 6 State banks not members of the Federal Reserve System.
Includes agreements to repurchase securities sold and obligations on industrial advances transferred to
Federal
Reserve banks.
3
Dividends declared but not yet payable includes for national banks, amounts set aside for dividends
snot declared, and for State banks members of the Federal Reserve System, amounts set aside for dividends
not declared and for accrued interest on capital notes and debentures.
202
REPORT OF THE
COMPTROLLER
OF THE
CURRENCY
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 date of each call
in the year ended October 31, 1937, appears below:
Assets and liabilities at date of each call in year ended Oct. 81, 1937
D e c . 31, 1936
M a r . 31,1937
$54, 287.04
187,675.00
$29,796.87
187,675.00
June 30,1937
ASSETS
Cash on hand and in banks
_
..
United States bonds .
Cash with Federal Reserve bank in lieu of United States
securities
Loans
Livestock and other assets owned
_
___
Furniture and fixtures
Accounts receivable
Customers' funds held in trust
Total
LIABILITIES
Capital stock
.
Undivided profits
Discounts
_
Other liabilities
Undistributed trustee funds
Total
..
_
$69,625.93
207,729.82
100,000.00
959,473.42
1.00
1,208. 21
52.94
14,103. 61
20,000.00
1,021,133.99
6,132.16
1,123. 21
287.97
32,400. 28
874,365.84
1.00
866.94
1,316,801.22
1, 298, 549.48
1,160, 779. 75
500,000.00
25,930. 78
776, 766.83
500,000.00
7, 457. 74
645,131.79
14,103. 61
500,000.00
25,930. 78
738, 851.85
1,366. 57
32,400. 28
1,316,801. 22
1,298, 549.48
1,160, 779.75
8,190.22
8,190.22
UNITED STATES POSTAL SAVINGS SYSTEM
The following tables, 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, 1937 and 1936, together
with a summary of the postal-savings business for the fiscal year
ended June 30, 1937, by States. (The total number of depositors on
June 30, 1937, was 2,791,371, an increase of 86,219 in the year, but
the average amount on deposit per depositor was $454.14, compared
with $455.31 a year ago.)
Comparative balance sheet for June $0, 1937, and June SO, 19S6
Items
Working cash:
Depository banks
Postmasters
June 30,1937
June 30,1936
Increase
RESOURCES
$136,217,912.81
2,108,979.35
Special funds, Treasurer of the United States:
Reserve fund
Miscellaneous (working) funds
59,300,000.00
2,900,538.98
Accounts receivable:
Accrued interest on bond investments
Due from late postmasters
Investments, United States securities:
Postal savings 2^-percent bonds
U. S. Treasury bonds. _
U. S. Treasury notes
Federal Farm Mortgage Corporation bonds. _
Home Owners' Loan Corporation bonds
_
62,200,538.98
Par value
$22,210,120
865,520,250
36,117,000
87,156,400
79,678,000
$203,057,384.80
9,471,472.47
60,800,000.00
18,378,904.75
6,522,048.94
171,522.15
6,543,302.76
135,172.79
_
_
$138 326,892.16
6,678, 475. 55
22,210,120.00
875,110,759. 36
36,061,691.61
87,434,587.35
79, 111, 896. 50
1,090,681,770
1,099,929,054.82
$212,528,857. 27
$66,839,471.99
7, 362,493.12
74,201,965.11
79,178,904.75
1, 500.000.00
15,478,365. 77
16,978,365.77
$21,253.82
6,693,571.09
19,774,580.00
652,371,698.76
128,014,082.55
87,475,397.01
79,111,896.50
1,307,134,961. 51
2,435,540.00
222, 739,060.60
966, 747, 654.82
133,181,400.00
1, 265,148,987.93
41,985,973.58
1,260,787,703. 92
35,980,541.00
2,968,182.33
2,382.70
20,043.00
38,971,149.03
36,349.36
15,095. 54
O
w
a
O
91,952,390.94
40,809.66
a
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
Total liabilities
Surplus funds—Interest and profits (undistributed earnings) subject to
future allocation of maturing interest charges
1,267,626,801.00
32,009, 326. 75
75, 786. 20
46,939.00
5,335, 742. 74
6,270.14
1,299, 758,852. 95
5,342,012.88
1,231,646, 260.00
29,041,144.42
73,403.50
26,896.00
2,938,008.53
2,397, 734.21
10,599.09
2,408,333.30
2,933,679.58
1,305,100,865.83
1,263,196,037.22
41,904,828.61
2,034,095.68
1,952,950. 71
81,144.97
1,307,134,961. 51
1,265,148.987.93
41,985,973.58
W
~4~328.~95
2
8
CO
Comparative statement of interest-earning resources and interest-bearing liabilities for June 30, 1937, and June 80, 1986
Items
June 30,1937
June 30,1936
Increase
g
RESOURCES—INTEREST-EABNING
Working cash—Depository banks, per balance sheet
Investments per balance sheet
$136,217,912.81
1,099,929,054.82
- $1,236,146,967.63
$203,057,384.80
966,747,654.82
$133,181,400.00
- $1,169,805,039.62 66,341,928.01
LIABILITIES—INTEREST-BEARING
$66,839,471.99
Q
::::::::::::::
§
O
Due depositors—Outstanding principal, represented by certificates of deposit, per balance sheet
Excess of interest-bearing liabilities
1,267,626,801.00
1,231,646,260.00
31,479,833.37
61,841,220.38
35,980,541.00
"
H
30,361,387.01
O
O
Comparative statement of interest and profits for the fiscal years ended June 80', 1937, and June 80, 1986
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 by fire, burglary, etc
Erroneous payments, uncollectible items, etc
Miscellaneous losses
Final closing, previous year
Excess of income
Fiscal year 1937
$3,590,545.92
29,280,566.38
679.21
151,466.37
$33,023,257.88
Fiscal year 1936
$6,866,908.78
24,563, 545.58
500.47
103,663.71
Increase
$31,534,618.54
22,009,451.16
1,044,568.80
19,513.63
175.84
193.34
11,314.92
14,607.98
5.10
22,026,454.67
4,905.65
170.74
193.34
8,924.49
1,058,763.02
9,508,163.87
429,876.32
9,938,040.19
2,390.43
Decrease
3
P
$4,717,020.80
178.74
47,802.66
1,488,639.34
23,054,019.96
23,085,217.69
K
$3,276,362.86
'
•
g
O
1-3
w
o
Summary of postal savings business for the fiscal year ended June SO, 1987, by States
State
Balance to
the credit of
depositors,
Deposits
June 30, 1936
United States.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia.
Hawaii
Idaho. _
Illinois
Indiana
Iowa
Kansas.
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota—
Mississippi
Missouri
Montana
Nebraska
Nevada
New H a m p s h i r e
N e w Jersey
N e w Mexico
N e w York
N o r t h Carolina
North Dakota
Ohio
Oklahoma...
Oregon.
$1, 231, 646,260
9, 229, 334
783,913
6, 351,172
12, 503, 692
69, 506, 615
17,117,016
11,496,152
445, 229
7, 971,641
31,446,448
12, 755,126
451,913
6, 933, 764
160,028,907
34,804, 787
59,122, 544
22, 443, 485
8,205, 281
8, 530,925
2,104, 343
4,984,173
29, 288, 478
94, 815.045
39, 479,147
7,165, 794
38, 448, 572
12,487,898
24,317,370
2, 435,912
2,129,789
32, 578,386
3, 878,999
104,313,841
15, 012,052
9,952, 422
70, 855,308
21,979,308
16,797,129
1
Balance to
Increase in
credit of balances to
Withdrawals i the
depositors,
the credit of
June 30, 1937 depositors 2
Amount at
interest in banks,
June 30, 1937
Interest received from
banks2
Interest paid
depositors
Sold
Redeemed
$59,145.80
$136,094,899. 42
$3,590, 545.92
$20,016,007.58
1,847,333.44
240,809.18
97,115. 95
1,777,711.96
21,243, 656. 47
594,989. 72
1,058,388. 72
880,451.13
558, 742. 41
1, 528,178.78
2,241,007. 29
579,875. 59
311,445.17
2,830,616.93
3,946, 742. 94
1,191,222.03
1, 287,730.07
1, 528,003. 47
6, 546, 779. 54
848,861.16
1, 250, 607. 73
2,918, 559.01
1,420,511.14
5, 575, 582.10
2, 332,155. 61
3, 277,861. 28
272,889. 63
377,024.86
408, 267. 55
746,150.13
31,349.97
63,127.46
15, 732.85
4, 453, 757. 49
310,963.95
7,981,619. 58
829,433. 76
448,524.74
33.065.33
7, 239. 57
3, 740. 54
49,086. 56
594, 548.12
13,945.03
28,356. 06
22,064.30
13, 779.31
55, 584.49
65,276.02
15,195. 86
8, 614. 59
7, 539. 34
106,366.89
29,479.67
29.312.34
39, 549. 37
161,836.61
21,112. 53
35,817.17
64,956. 97
42, 572.17
148,545.68
62, 686. 63
85, 665. 69
142,869.97
12,397. 33
100, 753.08
207,041. 31
1,200,291.25
285,935. 40
168,635. 67
6,186.44
113, 523. 95
464,417. 05
211,600.36
8,274. 00
116,635.15
2,597,712.10
558,633. 39
1,015,069. 95
363,954. 03
131,877. 99
132,005. 34
32,086.14
75,563. 58
451,030. 62
1,481, 601.83
675,891. 38
114,327. 20
630,962.31
201, 531.66
398,084.28
36,182.93
36,412. 65
517,172. 51
65,814.73
1,662,169.03
235,154. 66
163,447.14
1,169,877.35
359,259. 71
291,021.36
$972,743,476
$936, 762,935
$1,267,626,801
$35,980,541
$61,528.50
8,074,343
614,635
5,841,303
10,841,323
53, 596,616
15,311,958
6, 680,002
312, 552
7,402, 786
37,287,944
10,721,976
493,912
5,346,913
136, 200,382
31,246,034
48, 208,119
19,803,218
6,960,398
6,437,446
1,195,473
2,812,817
15,191, 721
75,536,244
29,988, 590
6, 565,384
31,058,805
10,875,127
20,666,761
1,815, 301
1, 218,182
21,997,063
3,146,883
62,488,898
12, 202, 720
7,406,164
54,177,857
17,827,168
14, 299,579
7,641,277
540,155
5,396,375
10, 579, 777
57,238, 584
13,913,435
6,356, 767
305, 529
7,045, 584
36,091,365
10,467,298
552,183
5, 460, 578
126,045,363
28,406,869
46, 752,394
18,003,078
6,652,912
6, 266,960
1, 246, 462
2,971,398
15,458,793
70,776, 539
28,342, 629
5, 546, 275
30,154,075
9,893,747
18,882,818
1,929,843
1,287,442
21, 683, 250
3,086, 068
65, 254,124
12,023,067
6,895, 760
52, 454, 264
17,932,182
13, 680,351
9,662,400
858,393
6, 796,100
12, 765, 238
65,864,647
18,515,539
11,819,387
452,252
8,328,843
32,643,027
13,009,804
393,642
6,820,099
170,183,926
37,643,952
60, 578,269
24, 243,625
8, 512, 767
8,701,411
2,053,354
4,825,592
29,021,406
99, 574,750
41,125,108
8,184,903
39,353,302
13,469,278
26,101,313
2,321,370
2,060, 529
32,892,199
3,939,814
101, 548, 615
15,191, 705
10,462,826
72,578,901
21,874,294
17,416,357
433,066
74,480
444,928
261,546
-3,641,968
1,398,523
323, 235
7,023
357,202
1,196, 579
254,678
- 5 8 , 271
-113,665
10,155,019
2,839,165
1,455,725
1,800,140
307,486
170,486
-50,989
-158,581
-267,072
4,759,705
1, 645,961
1,019,109
904, 730
981,380
1, 783,943
-114,542
- 6 9 , 260
313,813
60,815
- 2 , 765,226
179,653
510,404
1,723,593
-105,014
619,228
95.30
90.80
101. 20
266. 00
1,915. 80
361.40
390. 70
36.00
1,122. 60
822.30
378.10
.40
120.90
4,349. 40
1,114. 60
436. 70
343.90
241. 80
134. 60
238. 50
178.10
2, 291. 30
1,233.90
351. 60
106. 80
657. 50
158.60
263.00
67.20
225.10
1,861.50
36.60
7, 212. 80
277. 90
88.50
1,214.40
396. 40
215.30
103. 00
648.00
1,852.90
349. 80
382. 00
32.00
1,133. 00
717.60
361.60
4.00
101. 00
3, 745.90
1,003.10
398. 00
303.80
155. 50
157. 00
192.10
162. 80
2,191. 30
1,076. 60
346.10
95.90
607. 80
190.80
202.00
66.90
232.10
1,743.40
19.60
7, 242.80
247. 60
83.10
1,155. 50
383.00
196.80
This total includes $20,043, written off postmasters' accounts current as unclaimed.
3 A minus sign (—) denotes decrease.
Savings stamps
10,051.04
14,116. 20
26, 589. 31
-2,695.81
3, 563. 70
462.88
104, 251.90
7,990. 04
230,912.22
21,103.82
12, 707.10
o
H
H
o
o
I
tu
o
8
Summary of postal savings business for the fiscal year ended June 80, 1937, by States—Continued
Balance to
the credit of
depositors,
State
Deposits
Withdrawals
J u n e 30, 1936
Pennsylvania
Puerto Rico
Rhode Island.—
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont.__
Virginia
Virgin Islands
Washington
West Virginia
Wisconsin
Wyoming
__.
60,652,581
1,707,391
1,716,130
14, 655, 375
12,872, 690
8, 655,634
31,165,151
3,058, 558
580,061
5,125, 707
86, 337
33,188,330
7,925,948
33, 240,089
3,864,368
43, 277, 457
2, 671, 392
1, 042,366
12, 611, 430
9, 677,821
6,860,349
26,487, 735
1, 927, 743
294, 909
3,601,073
70,079
27, 706,149
5, 088,152
26, 509,009
3,065,215
42,082,462
2, 242,884
1,002, 553
11,690,350
9,189,069
6, 598,079
25,256,928
2,056,235
299,357
3, 566,010
65,529
27,292, 530
5,095, 555
24,127,422
2,982,402
Balance to
Increase in
the credit of balances to
depositors,
the credit of
June 30, 1937 depositors
61,847, 576
2,135,899
1, 755,943
15,576,455
13,361,442
8,917,904
32,395,958
2, 930, 066
575,613
5,160,770
90,887
33,601,949
7, 918,545
35,621,676
3,947,181
1,194,995
428,508
39,813
921,080
488,752
262,270
1, 230,807
-128,492
-4,448
35,063
4,550
413,619
-7,403
2, 381, 587
82,813
Savings stamps
Sold
5,252.10
23, 704. 90
445. 60
205.10
214. 80
191. 00
587.90
37.10
32.40
331. 00
154. 30
318. 80
312. 90
397.80
36.10
Amount at
interest in banks,
June
30, 1937
Redeemed
4,968.30
23,165. 00
446. 00
226. 00
186. 60
161. 40
501. 80
61.00
24.60
308. 40
146. 00
307. 20
251. 40
357. 90
59.00
Interest received from
banks
28,121,682. 96
265, 272.11
527,948.02
298, 005. 38
311, 265. 09
6,410,061. 08
5,151,848. 03
128, 728. 07
321,076. 04
3,248,100.10
769,893.19
6,525. 51
11,501.36
9, 877. 65
6, 584. 06
167, 222.15
127, 572. 54
3. 381. 02
7, 832. 29
90, 349.03
1, 046, 675.90
2, 796, 944. 71
3,469,646. 60
143,864. 54
29,236. 49
73,002. 97
98, 469. 06
5,901. 28
Interest paid
depositors
1,017,753.66
20,419.19
27, 706.98
224,161. 71
215,894. 01
139,345. 64
507, 255.14
50,925. 99
7, 691. 72
78,801. 92
1,055. 71
561,331. 76
128,071.17
533,989.63
66,198. 52
g
B
O
tad
H
M
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I
o
tad
o
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a
207
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 1936 and 1937,
with comparative yearly totals beginning with the school year ended
1920, are shown in the following tables:
School savings, by States, 1985-86 and 1986-87
[Compiled by the savings bank division of the American Bankers' Association]
Number of
schools
Number participating
Deposits
Net savings
States
1935-36 1936-37 1935-36
United States- 9,070
Alabama
67
Arizona
1
Arkansas 1
California
_ 2,340
Colorado
3
Connecticut
617
Delaware
59
District of Columbia i_^
Florida
26
Georgia .
84
Hawaii
62
Idaho
8
Illinois
83
Indiana
42
Iowa
__
69
Kansas
13
Kentucky 1
Louisiana i
Maine
241
Maryland
109
Massachusetts594
Michigan
10
Minnesota
182
Mississippi
5
Missouri
103
Montana *
Nebraska *
Nevada
2
New Hampshire.
100
New Jersey
424
New Mexico
6
New York
1,408
North Carolina»_
North Dakota.._
15
Ohio
283
Oklahoma
0)
Oregon L . .
Pennsylvania
1,036
Rhode Island
331
South Carolina20
South D a k o t a . . .
29
Tennessee
35
Texas
191
Utah 1
Vermont
17
Virginia
66
Washington
111
West Virginia...
174
Wisconsin
102
Wyoming
2
1
2
1936-37
1935-36
1936-37
1935-36
9,034 2,786,253 2,823,246 $13,081,183.69 $14,258,790.15 $3,730,085.87
199,450.99
283. 97
51,902.44
185. 33
450, 831 1,184,374. 72 1,081, 765. 79
886. 60
367
817.32
772,874. 49
102,177
867,514. 66
99, 073.35
25, 088
127,174. 27
749, 656.15
795, 666. 51
297, 789.99
10, 564.89
380, 766. 64
40, 738.09
6,623. 00
8,352.40
6,439. 68
188,189. 49
60, 900. 75
125, 678.20
28, 271.77
2 2,972. 31
8,101.46
20,117. 50
1,211.40
38,803.80
12, 697.23
22, 509. 69
1,606.16
1, 505. 60
36, 259.61
18, 265. 85
29,050. 20
1,854.05
138, 751.11
139,862. 50
514,977. 72
22,862.38
505,313. 38
8, 399. 44
179. 346.78
31,455. 56
111,411.78
179,484.36
1,804.00
101,937.18
2, 962. 73
42, 575. 27
53, 240.08
139, 392.04
220, 534.10
6, 219.09
116, 791. 75
2,938. 86
2 57, 742.89
1,731.73
550
1,712.76
411.35
28,132. 22
7,360
26, 248.02
2, 874. 59
896,742.81
117,994
813,337. 91
202, 392. 69
20, 552.96
3,707
13,423.95
1,418. 57
832,679 3,670,761.14 3, 979,915.53 1,037,870.74
573.33
6,910.17
280,943.96
6,476.89
1,180,184. 75
26, 201
236
2,286
3
609
57
371,921
460
104,113
28,130
26
74
19,193
28, 240
5,274
1,631
28,695
14,413
30.444
3,536
19,564
29,087
10,000
1,220
25, 033
13,524
26,921
3,716
21, 333. 62
111,118.12
19, 380. 49
6, 017. 28
174. 663. 66
51, 376. 04
111, 221. 83
26,161. 06
29,959.00
103,977. 76
224
110
582
10
181
5
102
28,111
45, 218
74, 021
2,195
85,107
27,424
47,378
88, 032
2,214
92,196
990
35,623
155,491.37
114, 727. 37
471. 649. 91
17.390. 27
433,460.45
5,691.31
179, 043.70
2
100
395
6
1,413
420
6,407
123, 429
3,378
850, 402
15
189
1
967
92,850
1,279
331
22
10
34
208
455,679
129,952
3,071
9,256
5,623
60, 958
28
24
120
221
98
3
2,228
12. 391
52,211
30,108
13,931
No report this year.
Loss.
8
75
43
70
13
0)
35,853
0)
(0
$4,660,832.56
210,732. 09
607. 05
56
1
W
1936-37
20,060
243
755
37,899
5
0)
0)
2,912. 49
425.97
0)
0)
4, 337. 45
370,908. 64
21. 90
1, 057. 07
119, 369.37
741.83
124,384.17
21.90
496,991 2. 237, 756. 32 2, 753, 830. 63
670,419. 30
726, 587. 65
117, 593
9,479. 52
9,192. 56
3,152
31, 935. 39
12,422.99
2,200
85, 032. 00
96,067. 39
6,072
279,115. 64
384, 477. 06
57, 556
451, 762. 81
a 19,757. 90
6, 901. 33
4, 983. 28
12, 618. 04
81,809. 46
773,054.00
62,983. 90
6, 540.05
454. 74
11,876. 39
163, 248. 58
3,927. 07
11, 021. 76
79, 725. 78
43, 747.18
4,148.13
10, 617.06
1, 625.10
155,364. 22
62,392.91
8, 645.17
4,064
4,042
56,982
38, 437
13,520
0)
4,050. 20
515, 252.14
0)
4, 948. 85
56.192. 08
324, 519. 20
104, 474. 57
75, 791. 26
1, 089.84
13, 570. 53
4, 602. 54
384, 304.13
136, 664. 45
91,829.14
1, 356. 70
0)
0)
0)
208
KEPORT OF THE COMPTROLLER OF THE CURRENCY
School savings, by States, 1985-86 and
1936-87—Continued
TOTALS—UNITED STATES
Number of
schools
1936-37
1935-36
1934-35
1933-34
1932-33
1931-32
1930-311929-30
1928-29
1927-28
1926-27_
1925-26
1924-25
1923-24
1922-23
1921-22
1920-21
1919-20
>Loss.
.
—
.
__
.
_.
„
—
9,034
9,070
8,940
9,482
10,890
12,686
14,628 H
14,610^
14, 254^
13 835
12, 678
11,371
10,163
9,080
6,868
4,785
3,316
2,736
Number participating
2,823,246
2,786,253
2,836, 595
2,816, 525
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
$14,258,790.15
13,081,183.69
12, 598, 076.42
11,641,776.68
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
$4,660,832.56
3,730,085.87
2,762,968.41
1,622,127.15
« 2,315,252.21
> 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
EXPENSES OF THE CURRENCY BUREAU
The following statement shows the expenses incident to maintenance
of the Currency Bureau in the fiscal year ended June 30, 1937:
Expenses incident to maintenance of Currency Bureau, fiscal year ended June 80,1937
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—Federal Reserve notes:
Paper
Printing, etc
Plates
Total currency issues
Expenses account of national bank examining service, paid by
banks
Postage on shipments of Federal Reserve notesInsurance on shipments of Federal Reserve notes
Surcharge paid on consignments
Total expenses paid from appropriations
Total expenses reimbursed by banks..
Total expenses
Expenses reimbursed
by banks
Total ex-
$212,708.30
$23,163.81
46,522.18
947,727.13
$1,230,121.42
24,862.00
1,595.48
14,092.29
13,108.14
1,646.19
39,078.13
139,503.30
233,885.53
143,402.00
945,395.00
116,965.00
1,205,762.00
2,961,040.44
130,834.70
33,842.84
192,612.60
1240,811.97
5,747,287.56
2,961,040.44
130,834.70
33,842.84
192,612.60
5,988,099.63
i Exclusive of $55,055 expenses incurred and paid from "Expenses, Emergency Banking, Gold Reserve
and Silver Purchase Act, 1937."
Respectfully submitted.
J. F. T. O'CONNOR,
Comptroller of the Currency.
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.
APPENDIX
209
BEPORT OF THE COMPTROLLER OF THE CURRENCY
211
TABLE NO. 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
Date of
appointment
Name
No.
Date of
resignation
State
COMPTROLLEES OF THE CURRENCY
McQulloch, Hugh
Clarke, Freeman.
Hulburd, Hiland R
Knox, John Jay
Cannon, Henry W
Trenholm, William L_
Lacey, Edward S
Hepburn, A. Barton
Eckels, James H
Dawes, Charles G.
Ridgely, William Barret
Murray, Lawrence O
Williams, John Skelton
Crissinger, D. R
Dawes, Henry M
Mclntosh, Joseph W
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 Mar. 8,1865
21,1865 July 24,1866
1,1867 Apr. 3,1872
25,1872 Apr. 30,1884
12,1884 Mar. 1,1886
20,1886 Apr. 30,1889
1,1889 June 30,1892
2,1892 Apr. 25,1893
26,1893 Dec. 31,1897
1,1898 Sept. 30,1901
1,1901 Mar. 28,1908
28,1908 Apr. 27,19131
2,1914 Mar. 2,1921
17,1921 Apr. 30,1923
1,1923 Dec. 17,1924
20,1924 Nov. 20,1928
21,1928 Sept. 20,1932
11,1933
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
Prentiss, William, Jr
i Term expired.
May 9,1863
Aug. 1,1865
Mar. 12,1867
Aug. 8,1872
Jan. 5,1886
Jan. 27,1887
Aug. 11,1890
Apr. 7,1893
Mar. 12,1896
Sept. 1,1898
June 29,1899
July 1,1908
May 21,1923
July 1,1923
Jan. 6,1925
July 1,1927
July 6.1927
Dec. 1.1928
Jan. 24,1933
Feb. 24,1936
Aug.
Jan.
Apr.
Jan.
Jan.
May
Mar.
Mar.
Aug.
June
Mar.
Feb.
Dec.
June
Nov.
Feb.
1,1865
31,1867
24,1872
3.1886
3.1887
25,1890
16,1893
11,1896
31.1898
27.1899
2,1923'
14,1927
19,1924
30.1927
30.1928
15,1936
Jan. 23,1933
New York.
Ohio.
Minnesota.
New York.
Do.
Virginia.
Indiana.
Kentucky.
South Carolina.
New York.
District of Columbia.
Indiana.
Illinois.
Do.
Virginia.
Maryland.
Indiana.
Washington.
Georgia.
California.
a Died Mar. 2,1923.
TABLE N O . 2.—Names and compensation of officers and clerks in the Office of the
Comptroller of the Currency, Oct. 81, 1937
Name
Kane, William A
Marble, George R
Bentley, Thomas B
Frye, Ruby M
Fuller, Jane L_._
Oflutt, William F
Verrill, Harry M
Wigginton, Norval P._.
Tucker, Samuel M
Reese, William H
Herndon, John W
Furbershaw, Miriam...
Horsey, Olga S
Stafford, Catherine M_.
Basinger, Walter S
Tylor, Gertrude I
O'Mara, Vera L
Reed, Samuel E
Whelan, Marjorie B___.
McPherson, Mabel E_.
Heizer, Helen V
Lovelly. Laura F
O'Brien, May F
Haley, John R
Treuthart, Hubert
Crittenden, John W . . .
Designation
Administratiye officer
Senior administrative assistant.,
.do..
Junior administrative assistant..
.do
.do
_
-do.,
.do.,
-do.,
-do..
Principal clerk
Junior administrative assistant.,
do
_
do
Principal clerk.
do
Senior clerk
.do..
Senior clerk-stenographer.
Principal clerk
Senior clerk
_
do
do
Clerk
Senior clerk
Senior clerk-stenographer.
Salary
$4,200
3,800
3,200
2,900
2,900
2,900
2,900
2,900
2,800
2,700
2,700
2,600
2,600
2,600
2,500
2,500
2,400
2,400
2,400
2,300
2,300
2,200
2,100
2,040
2,000
2,000
212
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 2.—Names and compensation of officers and clerks in the Office of the
Comptroller of the Currency, Oct. 31, 1937—Continued
DesignatioD
Name
Haygood, Ethel
King, Dorothy C.._
Friedrichs, Minna K__Mortimer, Mary H
Smith, Helen M
Jamieson, William G
Buckley, Regina C.__
Henderson, Virginia D
Bales, Anna S__
_
Beall, Clara M
_
Chisholm, Elizabeth
Colburn, Nellie A
Dodge, Victor H
Hopkins, Edna I
Magruder, Edith P
McKinney, Elva L
Walker, Johanna S
Watts, Metta F
Brannock, Burneta
Grossman, Albert F
Fox, Bessie E
Barksdale, George T
Haymon, N. Mabel
Sazama, Alice R
Tschifiely, Lacey B. R___
Smith, Clara E .
_
Baldwin, Wallace N
Jorgenson, John A
Canavan, Josephine M . . .
Croson, Maud B
Dailey, William
McFadden, Arthur M
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
Hurd, Agnes E
O'Donnell, Josephine A
Dent, Mary J
Harleston, Catherine..
Spring, Mildred A.
Chamberlain, Robert J
Murtaugh, Ruth A
Rutherford, Marjorie L
Shely, Myrtle B
Taylor, Mathilda S
Frock, Annie C
Brown, Edith L
Wood, Kathleen
Dillon, Minnie L
Kemether, Eva O_.—
White, Grace M
Curtin, Anna E
___
Snoddy, Ralph D
Marks, Grace
_
Reese, Aline
Whiteman, Edgar
Gervais, Gladys E
Settle, May C. W
Cover, Thomas C
Mims, Alvin E
Lipkovitz, Israel S
Schaff, Boyd F
Simber, Marie C
Blount, Joseph T
Jones, George S . . _ .
Thompson, Frank,.,.
Mann, Harry C
Berkley, Guy H
Hill, Edgar W
,
Robinson, Clarence E
Sampson, Ellis James
Barrett, Lester J
._
Moore, Frederick S
.
•--
_
..
_
___
_
-.
_
_
_
_._
_
_.
_
-
_
....
_
__
-
Senior clerk-stenographer.
Clerk-stenographer
Assistant clerk
Clerk-stenographer
Clerk.
Senior operator, office devices.
Clerk
._.
Clerk-stenographer
Assistant clerk
Head typist
Assistant clerk
.do..
Assistant clerk-stenographer.
Assistant clerk
.do..
.do.,
-do.,
.do..
Clerk.
do
C1 er k.-stenographer_.
Assistant clerk
.do..
Assistant clerk-stenographer.
Assistant clerk
.do..
Junior clerk
do
Assistant clerk,
.do
.do.,
.do.,
.do..
..do.,
-do..
Assistant clerk-stenographer.
do..
_
do
Senior stenographer,
do.,
.do..
Junior clerk
do
Assistant clerk,
.do..
Senior operator, office devices..
Junior operator, office devices.
Senior stenographer
._
Assistant clerk
Head typist
._
Junior clerk
_
Counter clerk
Junior clerk..
do.. clerk..
Counter
Junior operator, office devices.
Junior clerk-typist
Under clerk
.do..
Money counter.
do.....
Messenger
Counter clerk...
Money counter.
do
. . Under clerk,
.do..
Money counter.
Messenger
.do..
Junior laborer..
Under clerk
Messenger
do
..do..
..do.,
-.
-do..
..do..
Salary
$2,000
1,980
1,980
1,920
1,920
1,920
1,860
1,860
1,860
1,860
1,86a
1,86a
1,86a
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
1,74a
1,740
1,740
1,740
1,74a
1,74a
1,740
1,740
1,740
1,740
1,74a
1,740
1,740
1,740
1,740
1,680
1,680
1,680
1,680
1,620
1,62a
1,620
1,620
1,620
1, 560
1,560
1,56a
1,560
1,56a
1,56a
1,560
1,56a
1,500
1,500
1,44a
1,440
1,440
1,440
1,380
1,38a
1,380
1,380
1,380
1,380
1,320
1,320
1,32a
1,320
1,320
1,26a
1,26a
213
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 3.—Number of national banks organized since Feb. 25, 1863, number
passed out of the system, and number in existence Oct. 31, 1937
Under
Under
Under
Under
act of Feb. 25, 1863...
act of June 3, 1864, as amended
gold currency act of July 12, 1870
act of Mar. 14, 1900
_
_
456
9,176
10
4,752
_
Total number of national banks organized
Number reported in voluntary liquidation
Number passed into liquidation upon expiration of corporate existence
Number consolidated under act of Nov.
7, 1918
Number placed in charge of receivers 1
Total number passed out of the system
Number now in existence
_
1
Exclusive of those restored to solvency.
_
_
5,699
208
404
_. 2,793
_
14,394
9,104
-.
5,290
TABLE NO. 4.—National banks reported in liquidation from Nov. ly 1936, to Oct.
31, 1937, the names where known, of succeeding banks in cases of succession, with
date of liquidation and capital
Capital
Name and location of bank
Date of liquidation
Common
The Oldham National Bank, Oldham, S. Dak. (12662), succeeded
by The Oldham State Bank
The First National Bank of El Monte, Calif. (6993), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif
The First National Bank of Almena, Kans. (8255), succeeded by The
First State Bank, Almena
_.
The Birdseye National Bank, Birdseye, Ind. (8835), absorbed by
The First National Bank of Huntingburg, Ind
The First National Bank of Nashua, Mont. (11048)
The First National Bank of Elko,
Nev. (7743), absorbed by First
National Bank in Reno, Nev. 1
The First National Bank of Junction City, Oreg. (10218), absorbed
by The United States National Bank of Portland, Oreg
The First National Bank of Napoleon, N. Dak. (11378), succeeded by
Stock Growers Bank in Napoleon
The First National Bank of Claremont, Calif. (9467), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif-First National Bank of Pelham, Ga. (9870), succeeded by Pelham
Banking Company
The Hancock National Bank, Hancock, Minn. (7033), succeeded by
Hancock State Bank.
The First National Bank of New Salem, Pa. (6599), absorbed by The
Second National Bank of Uniontown, Pa
First National Bank in Paynesville, Minn. (13518), succeeded by
The First State Bank in Paynesville
The First National Bank of Nelson, Wis. (10733), absorbed by American Bank of Alma, Wis
The Nebraska National Bank of Minden, Nebr. (13322), absorbed by
The Minden Exchange National Bank
The First National Bank of Marianna, Fla. (6110), succeeded by The
First Bank of Marianna
The Franklin National Bank of Washington, D. C.2 (10504), absorbed
by The City Bank of Washington
The Wyoming County National Bank of Warsaw, N. Y. (737), absorbed by Wyoming County Bank and Trust Company, Warsaw-_
The National Bank of Wyoming, N. Y. (13229), absorbed by Wyoming County Bank and Trust Company, Warsaw, N. Y
The Roseburg National Bank, Roseburg, Oreg. (8955), absorbed by
The United States National Bank of Portland, Oreg..
The Danielsville National Bank, Danielsville, Pa. (7931), absorbed
by The Cement National Bank of Siegfried at Northampton, P a —
Peoples National Bank in Reynoldsville, Pa. (13957), absorbed by
The First National Bank of ReynoJdsville
The First National Bank of Downey, Calif. (11701), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif—
United States National Bank of Newberg, Oreg. (9358), absorbed by
The First National Bank of Portland, Oreg
The First National Bank of Cranford, N. J. (12263), absorbed by
Union County Trust Company of Elizabeth, N. J._
The First National Bank of San Dimas, Calif. (10068), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif
The Central National Bank of Rutland, Vt. (1700)
Footnotes at end of table.
Oct. 31,1936
$25,000
Oct. 15,1936
80,000
Oct.
3,1936
50,000
Nov. 10,1936
Nov. 15,1936
25,000
25,000
Nov. 10,1936
50,000
Nov. 21,1936
50,000
Dec.
7,1936
25,000
Nov. 17,1936
100,000
Dec.
8,1936
40,000
Dec. 12,1936
35,000
Oct.
25,000
6,1936
Dec. 19,1936
25,000
Oct. 10,1936
20,000
Jan.
40,000
2,1937
Preferred
$20,000
15,000
30,000
Dec. 31,1936
50,000
Dec. 12,1936
225,000
Jan.
100,000
400,000
25,000
25,000
7,1937
50,000
25,000
Jan. 13,1937
25,000
25,000
Jan. 12,1937
50,000
2,1937
.—.do
Jan.
Dec. 15,1936
25,000
Dec. 22,1936
50,000
Jan. 12,1937
100,000
Nov. 6,1936
Dec. 21,1936
50,.000
100,000
214
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 4.—National banks reported in liquidation from Nov. ly 1936, to Oct.
Sly 1937\ the names where known, of succeeding banks in cases of succession, with
date of liquidation and capital—Continued
Capital
Name and location of bank
The First National Bank of Del Rey, Calif. (11041), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif
The New York State National Bank, Albany, N. Y. (1262), succeeded
by State Bank of Albany
The Calistoga National Bank, Calistoga, Calif. (9551), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif
_
The First National Bank of Atascadero, Calif. (12833), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif
The City National Bank in David City, Nebr. (14194), absorbed by
The First National Bank of David City
First National Bank at Koppel, Pa. (14070), absorbed by First
National Bank at Beaver Falls, Pa
The First National Bank of Oregon City, Oreg. (8556), absorbed by
The First National Bank of Portland, Oreg-The American National Bank of Klamath Falls, Oreg. (11801), absorbed by The United States National Bank of Portland, Oreg
California First National Bank of Long Beach, Calif. (11873), absorbed by Bank of America National Trust and Savings Association, San Francisco, Calif.
__
The First National Bank of Ashland, Oreg. (5747), absorbed by The
First National Bank of Portland, Oreg
The First National Bank of Holyrood, Kans. (11796), absorbed by
The Bank of Holyrood..._
Central National Bank of Chardon, Ohio (13569), absorbed by Central National Bank of Cleveland, Ohio
_
The First National Bank of Cando, N. Dak. (5798), succeeded by
The First State Bank of Cando
First National Bank in Paso Robles, Calif. (12172), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif
The Seaboard National Bank of Los Angeles, Calif.3 (12545), absorbed by Bank of American National Trust and Savings Association, San Francisco, Calif
Brockport National Bank, Brockport, N. Y. (13965), absorbed by
Lincoln-Alliance Bank and Trust Company, Rochester, N. Y
The American National Bank of Bellingham, Wash. (12234), absorbed by The First National Bank of Bellingham
The First National Bank of Coquille, Oreg. (6849), absorbed by The
First National Bank of Portland, Oreg
The First National Bank of Park River, N. Dak. (3436), succeeded
by The First State Bank of Park River
_
The First National Bank of Southern Oregon at Grants Pass, Oreg.
(4168), absorbed by The First National Bank of Portland, Oreg...
The First National Bank of Hood River, Oreg. (7272), absorbed by
The First National Bank of Portland. Oreg.
The First National Bank of Wheeler, Tex. (12627)
The First National Bank of Toledo, Oreg. (11937), succeeded by The
National Security Bank of Toledo
_.
The Merchants National Bank of Cavalier, N. Dak. (12046), succeeded by Merchants and Farmers Bank of Cavalier
_.
The First National Bank of Douglas, Ariz. (6633), absorbed by The
Valley National Bank of Phoenix, Ariz
The County National Bank of Punxsutawney, Pa. (9863), absorbed
by The Punxsutawney National Bank
___
The Platteville National Bank, Platteville, Colo. (9451)
The Commercial National Bank of Charles City, Iowa (5979), absorbed by The Commercial Trust and Savings Bank, Charles
City..
The First National Bank of Churchs Ferry, N. Dak. (6337), absorbed by The First National Bank of Devils Lake, N. Dak
The Security National Bank of Arkansas City, Kans. (10746), absorbed by The Home National Bank of Arkansas City
The First National Bank of Sipesville, Pa. (11849), absorbed by The
First National Bank of Somerset, Pa
The First National Bank of Parkers Landing, Pa. (6045), absorbed
by Foxburg Bank, Foxburg, Pa
First National Bank in Rockaway, N . J. (13574), absorbed by The
First National Bank of Morristown, N. J_
Crescenta-Canada National Bank at Montrose, Calif. (13007), absorbed by Bank of America National Trust and Savings Association, San Francisco, Calif
_
_
The Sheffield National Bank, Sheffield, Ala. (6759), absorbed by
Tennessee Valley Bank, Decatur, Ala
Footnotes at end of table.
Date of liquidation
Common
Preferred
Jan. 19,1937
$25,000
Feb. 1,1937
2,000,000
$999,900
Jan. 26,1937
35,000
40,000
Jan. 19,1937
25,000
Jan. 12,1937
25,000
25,000
Jan. 28,1937
25,000
25,000
Feb. 5,1937
25,000
25,000
Feb. 8,1937
75,000
50,000
Jan. 27,1937
100,000
200,000
Feb.
6,1937
100,000
Feb. 17,1937
25,000
Mar. 1,1937
50,000
Feb. 27,1937
50,000
Feb. 24,1937
50,000
Feb. 5,1937
1,260,000
Feb. 27,1937
50,000
Mar. 2,1937
100,000
Feb. 24,1937
50,000
Mar. 6,1937
25,000
Feb. 24,1937
50,000
Feb. 13,1937
Feb. 23,1937
30,000
25,000
Jan. 10,1936
25,000
Mar. 20.1937
30,000
Mar. 6,1937
50,000
Mar. 31,1937
Jan. 12,1937
100,000
25,000
Mar. 11,1937
50,000
Mar. 24,1937
25,000
50,000
46,300
70,000
95,840
15,000
Apr. 10,1937
52,500
47,500
Apr. 19,1937
25,000
22,500
Apr. 28,1937
50,000
do
Apr. 6,1937
do
100,000
35,000
15,000
50,000
75,000
215
REPOKT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 4.—National banks reported in liquidation from Nov. 1, 1936', to Oct.
31, 1937, the names where known, of succeeding banks in cases of succession, with
date of liquidation and capital—Continued
Name and location of bank
T h e First National Bank of Blakely, Ga. (7018), succeeded by
First State Bank of Blakely
The First National Bank of Covina, Calif. (5830), absorbed by Bank
of American National Trust and Savings Association, San Francisco, Calif
-.
The First National Bank of Horseheads, N. Y. (8301), absorbed by
First National Bank and Trust Company of Elmira, N. Y
The Farmers and Merchants National Bank of Minneota, Minn.
(6917), succeeded by Farmers and Merchants State Bank, Minneota .
First National Bank at DeKalb, Tex. (14312), succeeded by State
Bank of DeKalb
The Phillips National Bank, Phillips, Me. (4957)..
The Nixon National Bank, Nixon, Tex. (12782), absorbed by The
Nixon State Bank
The Franklin National Bank, Franklin, Mass. (1207), absorbed by
Norfolk County Trust Company of Brookline, Mass...
The First National Bank of Pukwana, S. Dak. (99§S), absorbed by
Northwest Security National Bank of Sioux Falls, S. Dak
The First National Bank of Mahanoy City, Pa. (567), absorbed by
The Union National Bank of Mahonoy City.The Farmers National Bank of Grayville, 111. (6460), succeeded by
The Peoples National Bank of Grayville-_
The First National Bank of Kent, Wash. (10174), absorbed by
Peoples Bank and Trust Company of Seattle, Wash..
The First National Bank of Merrill, Oreg. (10056), absorbed by The
First National Bank of Portland. Oreg
•
The First National Bank of Coos Bay at Marshfield, Oreg. (7475),
absorbed by The First National Bank of Portland, Oreg
The First National Bank of Ravena, N. Y. (9529), absorbed by The
National Commercial Bank and Trust Company of Albany, N. Y.
The First Central National Bank of Calexico, Calif. (13054), absorbed
by Bank of America National Trust and Savings Association, San
Francisco, Calif
The First National Bank of Glendora, Calif. (8652), absorbed by
Bank of America National Trust and Savings Association. San
Francisco, Calif
The First National Bank of Wolf Point, Mont. (11036)
The First National Bank of Hugoton, Kans. (11300)
_
The First National Bank of Clinton, Okla. (6940), succeeded by
First National Bank in Clinton
Vancouver National Bank, Vancouver, Wash. (14186), absorbed by
The National Bank of Commerce of Seattle, Wash
The First National Bank of Mabank, Tex. (6422), succeeded by
Security State Bank of Mabank
The First National Bank of Klamath Falls, Oreg. (7167), absorbed
by The First National Bank of Portland, Oreg
_.
The Altona National Bank, Altona, 111. (13625), absorbed by First
Galesburg National Bank and Trust Company, Galesburg, 111
The First National Bank of Ismay, Mont. (9103), absorbed by The
Bank of Baker, Mont
The La Grange National Bank, La Grange, Ga. (7762), succeeded by
The Citizens and Southern Bank of La Grange
Auburn National Bank, Auburn, Wash. (14038), absorbed by "National Bank of Washington, Tacoma, Washington", Tacoma,
Wash
The First National Bank of Mission, Tex. (10090), succeeded by
First National Bank of Mission...
The Kent National Bank, Kent, Wash. (12217), absorbed by "National Bank of Washington, Tacoma, Washington". Tacoma,
Wash.
The First National Bank of Earlville, N. Y. (4493), absorbed by The
National Bank and Trust Company of Norwich, N. Y
The First National Bank of Scenery Hill, Pa. (7262)
The First National Bank of Collinsville, Ala. (11337), absorbed by
Tennessee Valley Bank, Decatur, Ala
The First National Bank of Fontana, Calif. (12976), absorbed by
Bank of America National Trust and Savings Association, San
Francisco, Calif—_
The First National Bank of Cosmopolis, Wash. (12509), absorbed
by The National Bank of Commerce of Seattle, Wash
First National Bank in New Freedom, Pa. (13887), absorbed by
The First National Bank of York, Pa
The First National Bank of Molalla, Oreg. (11271), absorbed by
The First National Bank of Portland, Oreg
_
Date of liquidation
May 15,1937
50,000
2,1937
75,000
May 29,1937
60,000
Feb. 19,1937
June 30,1937
50,000
50,000
July
2,1937
do
July
25,000
100,000
8,1937
25,000
June 22,1937
125,000
July
Preferred
$100,000
June
$20,000
6,1937
5,000
50,000
July 10,1937
35,000
15,000
June 23,1937
25,000
June
26,1937
July 22,1937
50,000
50,000
25, 000
July 16,1937
110,000
90,000
July 23,1937
Aug. 9,1937
Aug. 5,1937
50,000
25, 000
25,000
25,000
15,000
July 30,1937
25,000
25,000
Aug. 2,1937
55,000
45,000
June 29,1937
50, 000
June 24,1937
200,000
July 21,1937
25,000
Aug. 6,1937
35, 000
July 31,1937
150, 000
Aug. 21,1937
26, 000
24,000
Aug. 25,1937
50,000
75,000
Aug. 26,1937
40,000
Aug. 28,1937
Sept. 8,1937
50,000
25,000
50,000
Aug. 25,1937
25,000
25,000
Aug. 24,1937
40,000
10,000
Sept. 21,1937
25,000
Oct.
1,1937
50,000
Sept. 30,1937
25,000
Title changed to "First National Bank of Nevada, Reno, Nevada".
3 With five branches.
27021—38
15
Common
May 25,1937
Total (98banks)
1
Capital
— 8,188,500
J
2,861,040
With one branch.
TABLE NO. 5.—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, 1988, in the year ended Oct. 81, 1987, as shown by their last reports prior to consolidation
Closing banks
Charter
No.
Title and location
San Mateo County Bank, Redwood City.
State
6878 The Monaca National Bank,
Monaca.
12528 The Wood River National
Bank, Wood River.
8 national banks.
1 state bank
,
1
2
UndiCapital Surplus vided
profits
Charter
No.
Title and location
7279 The First National Bank of
San Mateo County at Redwood City.
2272 The National Bank of Cortland.
85,000
13,447
695,604
Pa
25,000
50,000
25,541
Ill
60,000
31,000
19,204
969, 721 5879 The Citizens National Bank
of Monaca.
515,553 11876 The First National Bank of
Wood River.
25,000
50,000
3,119
200,000
50,000
13,202
100,000
51,000
42,314
Ariz....
400,000 400,000
93,639
N. Y...
* 72,000
10,000
19,998
UndiCapital Surplus vided
profits
9 national banks.
Total
assets
Date of
reports
$200,000 $101,550 $17,785 $1, 721,956 June 30
350, 000 250,000
50,000
60,000
50,000
36,000
401,339 8171 The Lincoln National Bank 1 60,000 15,000
of Hanilin.
,259,865 14321 National Union Bank in 2 200,000 40,000
Paterson.
400,000 173,000
,358,724 1354 The National Bank and
Trust Company of Norwich.
300,000 155,000
,399,549 3728 First National Bank of Arizona at Phoenix.
677,053 11292 The Port Washington Na- * 325,000
tional Bank and Trust
Company, Port Washington.
1,082,000 727,000 230.464 18, 277,408
100,000 50,000 55,400 1,297,419
Includes $25,000 preferred capital stock.
Includes $100,000 preferred capital stock.
* With one branch reauthorized for the consolidated association,
*5 Includes $22,000 preferred capital stock.
Includes $200,000 preferred capital stock.
Total
assets
200,000
10097 The Oil Field National Bank W . V a .
of Griffithsville.
12383 National Bank of America in N . J_._.
Paterson.,
1166 The Sherburne National Bank. N . Y___
Sherburne.
4729 The Phoenix National Bank,'
Phoenix.
13310 The Harbor National Bank of
Port Washington.
Continuing banks
Calif... $100,000 $50,000 $55,400 $1,297,419
2827 Second National Bank and N. Y . . .
Trust Company of Cortland.
to
^
Date of
consolidation
1936
Dec. 16
92,640 5,108,805 . . . d o . . . . . Dec. 29
688,680 Dec. 31
25,094
908,119 . . . d o
22,112
1937
613,455 June 30
1937
Jan. 4
do.
June 30
15,118 1,808,496 ...do
Aug. 7
78, 723 3,392, 733 _..do
do.
67,897 6,446,762 ...do
Oct. 30
2,851, 618 ...do
a
o
P
do.
1,925,000 830,550 328,172 23, 540,624
3
o
l
REPORT OF THE COMPTROLLER OF THE CURRENCY
217
TABLE N O . 6.—National banks, consolidated in the year ended Oct. 81, 1937, under
act of Nov. 7, 1918, as amended June 16, 1933, together with their capital, surplus,,
undivided profits, and total assets, as of date of consolidation
Consoli- Charda- ter
tion No.
Title and location of bank
State
Date of
consolidation
Capital
Surplus
Undivided
profits
Total
assets
No.
540 2272 First Natxonal Bank of Cortland.
541 5879 The First National Bank of
Monaca.
542 11876 The First National Bank of
Wood River.
543 8171 The Lincoln National Bank
of Hamlin.
544 14321 National Union Bank of
America in Paierson.
545 1354 The National Bank and
Trust Company of Norwich.
546 3728 First National Bank of Arizona, Phoenix.
547 11292 The Port Washington National Bank and Trust
Company.
Total (8 banks)
i Includes
*1 Includes
Includes
4
Includes
$25,000 preferred capital stock.
$100,000 preferred capital stock.
$328,000 preferred capital stock.
$453,000 preferred capital stock.
19S6
N. Y____ Dec. 29
$510,000
$300,000 $175,428 $8,629,581
Pa
Jan.
100,000
20, 000
Ill
...do-
100,000
20, 000
i 75,000
30, 000
13,618
2 300,000
40,000
21, 010 2, 791,604
W. Va__ June 30
N. J
Aug. 7
20, 549 1, 573, 745";
5,637 1,433,949'
990, 741
N. Y____ ...do
500,000
224,000 108,179 5,829, 748
Ariz
550, 000
550,000 292, 536 15,962,936
Oct. 30
N. Y____ ..do
3 500,125
35,000
16,813 3, 512,248
« 2,635,125 1,219,000 653, 770 40,724,552
TABLE NO. 7.—State banks and national banks consolidated in the year ended Oct. 81, 1987, under act of Feb. 25, 1927, as amended June 16,
1983, their consolidated capital, surplus, undivided profits, and total assets, as of date of consolidation
Consolidation
No.
539
Title and location of State bank
San Mateo County Bank, Redwood
City.
Charter
No. of
national
bank
7279
Title and location of national bank
The First National Bank of San Mateo
County at Redwood City.
Date of
consolidation
Capital
Surplus Undivided
profits
1936
Calif.... Dec. 16
$200,000
$200,000
State
$143,302
Total
assets
$2,985,058
Increase
in authorized
capital
to
I
w
o
o
o1
tf
w
Q
o
219
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 8.—Number and capital of State banks converted into national banking
associations in each State and Territory from 1863 to Oct. 31, 1937
Number of
banks
Location
Maine
New Hampshire
Vermont
Massachusetts
.
Rhode Island
ConnecticutTotal New England
States
34
28
22
190
52
65
391
117, 571, 510
New York...
New
Jersey
Pennsylvania..
Delaware
Maryland
District of Columbia .
Total Eastern States...
241
50
128
6
36
6
125, 331, 291
9, 820, 450
i 37, 859.095
585,010
10, 249,372
1, 080, 000
467
184, 925, 218
67
35
40
48
33
23
34
19
13
147
45
44
51
5,937,100
2, 508, 900
2 4, 311, 000
6,837, 000
2, 365. 000
4. 560, 000
1, 560,000
3, 625, 000
12,492, 500
3 357 500
3 8, 006, 900
8,090,000
599
68,162,900
Virginia _ ._
West Virginia
North Carolina
Georgia.
Florida. .
Alabama . . .
Mississippi
Louisiana
Texas. __
Arkansas
Kentucky
Total Southern States..
Number of
banks
Location
Capital
$4,605,000
2, 595,000
2,029,990
72, 691, 200
16, 717, 550
18,932, 770
Ohio
Indiana
Illinois
Michigan
._
Wisconsin
Minnesota
,-.
..-.
Iowa.
Missouri
Total Middle Western
States..
_.
North Dakota
South Dakota
Nebraska
Kansas
Montana
-.
W'voming'
Colorado
New Mexico
Capital
25
28
60
26
36
117
44
51
$3,490,000
2,108,000
84, 260. 000
3,020, 000
3, 620, 000
7, 691,000
2, 285,000
18 001, 800
387
124,475,800
84
51
108
84
38
9
35
2, 760,000
1, 750,000
5, 535, 000
* 4, 237,000
1, 585, 000
320 000
2, 755, 000
Oklahoma
Total Western States...
195
8,170,000
611
27, 512,000
Washington
Oregon
California
Idaho
Nevada
Arizona
74
30
113
26
1
5
8,175, 000
1,951, 000
45, 272, 800
1, 080, 000
50, 000
300,000
._
...
Total Pacific States....
Total United States
56,828,800
249
.
2,704
5
579,476,228
i $200,000 of which is preferred capital stock.
* $300,000 of which is preferred capital stock.
» $1,000,000 of which is preferred capital stock.
*
$25,000 of which is preferred capital stock.
5
$1,525,000 of which is preferred capital stock.
TABLE N O . 9.—Conversions of State banks and primary organizations as national
banks from Mar. 14, 1900, to Oct. 81, 1937
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
887 276,322,800 1,342 236,708,500 2,149 347, 604,600 4,378 840, 635,900
1,785 300, 256,100 2,509 247,618,000 4,836 416,980,100 9,130 964,854, 200
TABLE Nd. 10.—Number of national banks increasing their capital, together with the amount of increase monthly for years ended Oct. 81,
since 1932
1933
1934
1935
1936
1937
Month
November..
December..
January
February...
March
April
May
June
July
August
September..
October
Total
$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
$482, 500
$680, 000
7, 576, 900
5,394,000
32 20, 011, 200
6. 582,000
4, 750, 000
2, 560, 000
1,185, 000
355, 000
182, 500
1, 270, 750
430, 000
200, 000
760,000
610, 000
1,176, 500
1, 028.810
873,100
5
$540, 000
25 62, 222, 500
55 87, 515, 000
73
9, 295,000
160 79, 093, 500
118 28, 637, 500
127
8,392, 500
194 41, 955,900
177 17, 553, 75C
138 15, 695, 000
115 10,406, 750
3 106 3 12, 037, 750
$186,200
1, 330, 000
597, 750
778, 000
320, 500
474, 000
360, 500
307, 500
499, 500
946, 000
256,000
1, 087, 300
i 53 i 8,980, 850 166 48, 739,100 «107 2 8,332, 527 3 1,293 3 373,345,150U72 < 7,143,250
$7,177, 500
10, 279, 000
10,605, 750
18, 940, 000
4,995,000
2, 760, 000
3,387, 000
5,450,500
1,528, £00
4, 055, 000
2, 732,500
2, 000,000
$190, 000
532, 500
1,004,350
1,387, 535
784, 550
935, 790
140, 000
1,222, 500
5, 998, 000
7, 299, 729
1,494.325
1.124,875
13
25
50
30
29
9
16
25
93
32
30
« 73,910, 7506361
6
$225, 000
715,000
260, 000
8. 360, 000
55, 000
$225,000
1,050, 000
50, 000
34,000
650, 000
675,000
320, 000
207, 250
100,000
50, 000
10, 000
191, 000
10, 000
22,114,154 32 11, 270, 000
' 35,199, 395
1,917, 250
1 Of these cases, 3 were effected wholly or in part by stock dividends aggregating $260,000.
* Of these cases, 6 were effected wholly or in part by stock dividends aggregating $700,000 and 8 banks with an aggregate increase of $175,600 from net earnings incident to the
retirement of preferred capital.
34 Revised.
Of these cases, 24 were effected wholly or in part by stock dividends aggregating $1,469,200; 100 cases aggregating $2,485,750 were increases from net earnings incident to the retirement5 of preferred capital stock, and 1 case of $90,000 was a conversion of preferred capital stock.
Includes $5,000. previously reported in 1934 as common capital stock.
• Of these cases 29 were effected by stock dividends aggregating $1,184,170; 296 cases aggregating $13,005,290 were increases from net earnings incident to the retirement of preferred
capital
stock, and 4 cases aggregating $259,160 were conversions of preferred capital stock; also includes a correction of $2,000.
7
Of these cases 37 were effected by stock dividend aggregating $5,086,100; 673 cases aggregating $22,407,545 were increases from net earnings incident to the retirement of preferred
capital stock, and 18 cases aggregating $1,036,700 were conversions of preferred capital stock.
O
O
o1
tr
w
o
c}
221
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number and authorized capital of national banks chartered and
the number and capital stock of banks closed in each year ended Oct. 31, since
1913, with the yearly increase or decrease
Closed
Chartered
Consolidated
under act
Nov. 7, 1918
Year
No.
1914
1915
1916. .
1917
1918
1919
1920
1921
1922
1923
1924
1925 . . . .
1926
1927
1928
1929
1930
1931
1932
1933
1934.
1935
1936
1937
Capital
Loss to
capital
No.
195 $18,675,000
144 9,689,500
6,630,000
176 11,590,000
164 13,400,000
?,45 21,780,000
361 31,077,500
169 20,005,000
24,890,800
190 30,522.500
135 21,375,000
251 26,040,000
160 29.705,000
135 43,570,000
113 26,160,000
141 38,195,000
108 12,240.000
78 9,690,000
68 87.145,000
176 74,761,500
476 61,174,100
49 7,780,000
?0 2,465,000
29 3 5,355,000
m
26 i $3,220,000
15 i 1,650,000
24
i 850.000
i 3, 275,000
19 12,575,000
16 i 1,255,000
15 i 1.660.000
30 4,455,010
?5 i 3,407,000
27 6,857,500
50 i 4, 780,075
45 i 1,355,000
2,882,500
26 » 3,385. 500
10 i 2.765.000
13
3
8
I 447.166
H15.000
1
302,875
In voluntary
liquidation
Capital
No.
113 $26,487,000
8? 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
98, 267, 500
263 39,230,400
308 59,595,000
236 97,340,300
155 26,805,000
357 45, 263,000
189 IS, 615,250
76 7,680,000
98 411,049,540
Net yearly
Net yearly
decrease
increase
(exclusive of
(exclusive of
existing banks existing banks
decreasing
increasing
their capital)
their capital)
Insolvent
No.
Capital
No.
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
369 46,862,000
380 50, 505,585
348 76,107. 500
394 56,585,000
25 4,305,020
6 10,200,000
5
1,987,150
Capital
61
48
62
94
135 $2 155,000
257 14,492,500
18
690.800
77
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
114 8,820,810
176 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
158 14,827,370
59 5,230,000
6
82 7,269,565
1
Amount of capital stock reductions incident to consolidations.
Preferred capital stock reduction.
3 Includes $130,000 preferred capital stock authorized for 4 banks.
< Includes $2,861,040 preferred capital stock authorized for 37 banks.
5
Includes $97,150 preferred capital stock authorized for 2 banks. Also includes 6 banks with an aggregate capital stock of $715,000 which had been placed in voluntary liquidation by their shareholders prior to
Nov. 1, 1936.
6
There was a decrease of 82 banks considering the 6 banks which had been previously reported in voluntary
liquidation.
3
TABLE NO. 12.—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, 1937
Organized
States
Maine
New Hampshire .
Vermont
Massachusetts
Rhode Island
Connecticut
.
__ . > __
Total New E n d a n d States
New York
New Jersey
.
. _ Pennsvlvania
Delaware
Maryland
District of Columbia..
Total Eastern States
.
_
.-
_
Consolidated
under act Insolvent
N o v . 7,
1918
127
79
85
370
67
120
4
2
1
20
2
4
848
990
415
1,276
30
140
31
2,882
In
I n liquidation
existence
13
5
16
28
2
6
71
20
26
195
51
56
39
52
42
127
12
54
33
70
419
326
50
16
"42
1
4
128
59
207
1
17
7
366
107
328
13
59
11
446
233
699
16
63
9
113
419
884
1,466
222
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 12.—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, 1937—Continued
Organized
States
Virginia
._
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas _
Arkansas
Kentucky
Tennessee
_
_
__._
-..
.
_
.
Total Southern States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
.
.
.._
.
-
- -
. . . .
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
"Wyoming
Colorado
New Mexico
Oklahoma
_.
.. _
_
.
- -
_-
. _
. . .
_
.
-
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
-
-
.
.._.
_.
_
_-
Total Pacific States
Alaska
Territory of Hawaii
Puerto Rico
Virgin Islands...
Total Alaska and insular possessions
Total of United States, Alaska, and insular
possessions
Consolidated
liquiIn
under act Insolvent In
dation existence
Nov. 7,
1918
248
188
147
118
181
136
170
76
101
1,160
142
245
205
17
11
4
6
8
1
2
4
3
31
1
9
6
27
36
44
43
42
42
45
16
16
139
39
37
36
72
63
56
49
77
39
56
31
52
534
51
100
91
132
78
43
20
54
54
67
25
30
456
51
99
72
3,117
103
562
1,271
1,181
690
432
832
310
269
484
542
289
24
11
15
4
9
6
4
9
112
98
227
77
53
115
204
58
306
197
276
146
102
167
220
136
248
126
314
83
105
196
114
86
3,848
82
944
1,550
1,272
259
219
402
446
193
58
217
82
739
3
10
1
4
3
12
100
93
83
75
76
12
55
25
83
99
69
182
181
71
20
81
35
427
57
47
136
186
43
26
78
22
217
2,615
36
602
1,165
812
221
147
509
109
38
16
31
17
2
12
3
1
1
51
30
64
35
6
4
6
102
87
329
54
16
6
18
51
28
104
20
13
5
6
1,071
36
196
612
227
4
1
3
5
6
1
1
1
1
4
1
13
1
6
6
14, 394
404
5,907
5,290
1
2,793
REPORT OF THE .COMPTROLLER OF THE CURRENCY
223
TABLE NO. 13.—Changes of corporate .title of national banks, year ended Oct. 31, 1937
Char
ter
No.
Title and location
Date
2500
The First Commercial National Bank of Kenton, Ohio to "The First National Bank of
Kenton"
.
_
_
_
Dec. 1
12186
6212
8025
11669
12766
2137
13861
14372
9926
14322
11375
12236
13549
3417
13536
7038
318
Republic National Bank and Trust Company of Dallas, Tex. to "Republic National
Bank of Dallas"
..
The First National Bank of Troupe, Troup, Tex. to "The First National Bank of Troup".
The Hamblen National Bank of Morristown, Tenn. to "The Hamilton National Bank of
Morristown"
_
_.
The First National Bank of Hastings-upon-Hudson, Hastings-on-Hudson, N. Y. to "The
First National Bank of Hastings-on-Hudson"__
The American National Bank of Mansfield, La. to "First National Bank in Mansfield".. _
The Temple National Bank, Temple City, Calif, to "The Temple City National Bank"...
The National Bank and Trust Company of Boyertown, Pa. to "The National Bank of
Boyertown"
The New Public National Bank of Rochester, N. H. to "First National Bank of Rochester"
The Cook County National Bank of Homewood, 111. to "The National Bank of Harvey",
Harvey, 111
The Ocala National Bank, Ocala, Fla. to "Florida National Bank at Ocala"
American National Bank in Wetumka, Okla. to "First National Bank in Wewoka",
Wewoka, Okla
The Second National Bank of Hempstead, N. Y. to "The Second National Bank and
Trust Company of Hempstead"
State National Bank of Brownsville, Tex. to "First National Bank at Brownsville"
The First National Bank of Ethan, S. Dak. to "First National Bank in Armour", Armour, S. Dak.
_
The National Bank of Tacoma, Wash, to "National Bank of Washington, Tacoma,
Washington"
__
The Rifle National Bank, Rifle, Colo, to "The First National Bank in Rifle"
J
First National Bank in Reno, Nev. to "First National Bank of Nevada, Reno, Nevada"—!
The First National Bank of Concord, N. H. to "First National Bank of Concord"
I
1937
Jan. 22
Jan. 23
Jan. 26
Feb. 1
Do.
Feb. 12
Feb.
15
Mar. 1
Mar. 5
Mar. 15
Apr. 14
May 1
Aug. 2
Aug. 16
Aug.
Sept.
Sept.
Oct.
21
1
4
15
TABLE N O . 14.—Changes of corporate title incident to consolidations of national
banks and of State banks with national banks, year ended Oct. 81, 1937
The National Bank of Cortland, N . Y. (2272), and Second National Bank and Trust Company of Cortland
(2827), consolidated under the charter of the latter with title "First National Bank of Cortland".
The Monaca National Bank, Monaca, Pa. (5878), and The Citizens National Bank of Monaca (5879),
consolidated under the charter of the latter with title "The First National Bank of Monaca".
National Bank of America in Paterson, N. J. (12383), and National Union Bank in Paterson (14321), consolidated under the charter of the latter with title "National Union Bank of America in Paterson".
The Phoenix National Bank, Phoenix, Ariz. (4729), and First National Bank of Arizona at Phoenix (3728),
consolidated under the charter of the latter with title "First National Bank of Arizona, Phoenix".
224
REPORT OF THE COMPTROLLER OF, THE CURRENCY
TABLE N O . 15.—National banks chartered during the year ended Oct. 31, 1937
Capital
Charter
No.
Title
Common
Preferred
ARKANSAS
14389
The First National Bank in Blytheville...
$100,000
COLORADO
14384
The First National Bank in Golden
50,000
FLORIDA
14367
14376
14388
The Southern National Bank of St. Petersburg
The Barnett National Bank of Fort Lauderdale
The Broadway National Bank of Tampa
Total (3 banks)
200,000
100,000
100,000
_
400,000
ILLINOIS
14366
14368
14369
14372
14380
14381
14385
14386
14387
14390
14391
The Central National Bank of Sterling-Arlington Heights National Bank, Arlington Heights
The Stillman Valley National Bank, Stillman Valley
The Cook County National Bank of Homewood 1__
_
_
Merchandise National Bank of Chicago
The Berwyn National Bank, Berwyn
_ _
. _ _ _.
The Peoples National Bank of Grayville
The I-C. National Bank of Chicago
The Harrisburg National Bank, Harrisburg __
____
The First National Bank of Highland Park
First National Bank of Mundelein
_
Total (11 banks)
150,000
50,000
50,000
50, 000
500,000
100,000
10, 000
200,000
150, 000
200,000
10,000
1,470,000
$40,000
40,000
80,000
INDIANA
14379
14382
The Calumet National Bank of Hammond
First National Bank of Warsaw
Total (2 banks)
-
200,000
50,000
_
250,000
KANSAS
14370
First National Bank in Fredonia..
_
_
30,000
_
50, 000
25,000
NEBRASKA
14374
The First National Bank in Ogallala
NEW JERSEY
14378
Woodbridge National Bank, Woodbridge.
_
100,000
OKLAHOMA
14392
14393
National Bank of Frederick
The First National Bank in Claremore...
Total (2 banks)
_
_
50,000
50,000
_
100,000
_
___
TEXAS
14371
14373
14375
14377
14383
Commercial National Bank in Nacogdoches
Dallas National Bank, Dallas
Union National Bank of Laredo
The Citizens National Bank of Greenville
First National Bank of Mission
Total (5banks)___
_
_
100,000
1,000,000
100,000
100,000
25, 000
25, 000
1,325,000
25,000
WASHINGTON
14394
Peoples National B ank of Washing ton in Seattle
Total United States (29 banks) _
i Title and location changed to The National Bank of Harvey, 111.
_
1,350,000
5,225,000
130,000
225
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 16.—National banks for which increase of capital has been authorized,
under act of 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., during the year
ended Oct. 81, 1937
Charter
No.
Title
Date
Preferred
increase
capital
Par
value
of
shares
Percent
of dividend
Sold at to
be
per
paid
share on
the
par
value
ARKANSAS
13534
1937
June 8 /I
i $2, 250
2 3 5? 000
$6.00
33 H
$40.00
100.00
i$1.60
2 $6.00
1937
Feb. 6
325,000
100.00
100.00
ZH
1936
Dec. 21
1937
The Central National Bank of Sterling..
Feb. 25
The Cook County National Bank of Homewood 4_ Mar. 5
The I-C National Bank of Chicago
July 22
25,000
125.00
125.00
ZH
100,000
25,000
3 100,000
125.00
50.00
10.00
125.00
50.00
10.00
ZH
100. 00 100.00
ZH
The First National Bank in Ashdown
IDAHO
1668
The Idaho First National Bank of Boise
ILLINOIS
14365
14366
14372
14386
The First National Bank of Winnetka
Total (4 banks).
_._
2
250,000
INDIANA
2747
The First National Bank of Michigan City
1937
Aug. 10
2 3 50,000
KENTUCKY
14320
Liberty National Bank and Trust Company of
Louisville
1937
5
Feb. 19
2 3 250,000
2.50
3.50
1936
Dec. 11
i 175, 000
8.75
25.00
1937
Apr. 2
Sept. 9
Oct. 9
2 3 9, 000
2 3 10, 000
3 85, 000
50.00
20.00
20.00
50.00
20.00
20.00
106,000
16.00
16.00
1937
2 5 , 000
Feb. 3 /\ U
2350,000
40.00
40.00
40.00
40.00
36
MASSACHUSETTS
261
The First National Bank of New Bedford
$0.87*
NEW JERSEY
12917
9285
3922
The National Bank of Mantua
The Merchants National Bank of Cape May
The City National Bank and Trust Company of
Salem
Total (3 banks)
5
4
104,000
NEW YORK
11292
The Port Washington National Bank and Trust
Company
1937
Oct. 30
m
OHIO
56
The First National Bank and Trust Company of
Hamilton
PENNSYLVANIA
12526
3997
1936
The Cheltenham National Bank, Cheltenham... Dec. 9
1937
The Union National Bank of Mahanoy City
June 5
Total (2 banks)
TEXAS
4214
14375
The First National Bank of Amarillo
Union National Bank of Laredo
Total (2 banks)
1937
Feb. 17
Apr. 13
2 3 25,000
10.00
10.00
4
200,000
225,000
80.00
80.00
3H
200,000
25, 000
225,000
25.00
100.00
50.00
100.00
$2
• =3
WEST VIRGINIA
10369
The First National Bank of Keystone
Total United States (19 banks) __
s Local.
»B.
1937
Mar. 5
3 25,000
100.00
100.00
1,917, 250
* Title and location changed to The National Bank of Harvey, 111.
3H
226
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks chartered which are conversions of State banks during
the year ended Oct. 31, 1937
Charter
No.
14366
14369
14370
14371
14372
14373
14374
14375
14377
14379
14380
14386
14387
14388
14390
14392
14393
14394
Title and location
ApproxisurDate of Authorized mate
plus and Approxicharter
capital
undivided mate assets
profits
State
1936
The Central National Bank of Sterling.. 111
The Stillman Valley National Bank,
Stillman Valley
do
First National Bank in Fredonia
Kans
Commercial National Bank in Nacogdoches .
,.
Tex
The Cook County
National Bank of
Home wood 3
. 111
Dallas National Bank, Dallas
Tex
The First National Bank in Ogallala
Nebr....
Union National Bank of Laredo _ . . Tex
The Citizens National Bank of Greenville
do
The Calumet National Bank of HamInd
mond_
Merchandise National Bank of Chicago Ill
The I.-C. National Bank of Chicago
...do
The Harrisburg National Bank, Harrisburg
do
The Broadway National Bank of Tampa. Fla
The First National Bank of Highland
Park
Ill
National Bank of Frederick.. . .
Okla
The First National Bank in Claremore.. . . . d o . . . .
Peoples National Bank of Washington
in Seattle
Wash...
Total (18 banks)
Nov. 2
$150,000
$68,336
$3,864,620
Dec. 31
do
50,000
155,000
22,060
21, 678
612,259
833,146
100,000
19S7
Jan. 26
Jan. 28
Jan. 30
Feb. 8
Mar. 3
127, 958
1,603,809
50,000
1,000,000
50,000
100, OCO
6, 391
858, 573
19,083
65, 789
695,894
25, 547,633
645, 511
1,193,639
Mar. 27
100,000
56, 948
1,665,089
Apr. 30
May 6
June 30
200,000
500,000
200,000
74,230
689, 282
47, 779
3,420,980
17,122,375
2,444,114
do
_._do.__.
150,000
100,000
103,131
39,694
1,694,146
837,410
Sept. 30
Oct. 30
...do....
200,000
50,000
50,000
100,460
13,993
13, 504
4,081,545
476,057
641,244
1,350,000
643,662
25, 733,248
4, 455,000
2, 972, 551
93,112, 719
..do
i
i Includes $25,000 preferred capital stock.
* Title and location changed to "The National Bank of Harvey", 111.
TABLE N O . 18.—National banks by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year
ended Oct. 81, 1937
Organized
Location
Voluntary liquidation
Failed
Number Authorized Number
Authorized
with
charcommon preferred
preferred Number
tered
capital
capital
stock
Capital
Assets
Virginia
West Virginia.
North Carolina
South Carolina
Georgia
Florida
Alabama.
Mississippi
Louisiana
_
Texas
Arkansas...
Kentucky
___
Tennessee
_
Total Southern States
See footnotes at end of table.
Common
capital
Number
with
preferred
stock
Preferred
capital
Assets
o
H
O
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...
Number
1
1
100,000
3
400,000
$522, 670
1
1
100.000
100,000
1, 204, 517
1,080,841
3
250,000
2,808,028
2,325,000
200,000
500,000
546,313
7
2
10
1
225, 000
834,650
3,858, 783
20
3,250,000
3
1
2
290,000
50,000
75,000
5
11
$700,000
2 2
3
4
$50,000
134,650
12
$100,000
1
$3, 312, 470
5
$1,521,200
3
72,500
77, 458, 673
2,803, 394
7, 078, 647
8
1,593,700
91,377, 343
2
100,000
3,831,685
1, 203,701
1, 619,842
200,000
1
75,000
1, 362,832
615,000
3
175,000
8,018, 060
O
O
4,036, 629
_
5
1
9
1.325,000
100, 000
1, 825, 000
1
1
$25,000
25, 000
* 1
50,000
*2
250,000
1, 711,903
3
300, 000
1,711,903
W
o
d
3
a
to
to
^1
TABLE NO. l&.-~Naiionat banks by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year
ended Oct. 81 % i£S7—-Continued
Organized
Number Authorized Number
Authorized
with
common preferred
charpreferred Number
capital
capital
tered
stock
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..
Nevada
Washington
Oregon
._ .
_
California
Idaho
Arizona
Utah...
Total Pacific States
Failed
_ _
_ _
Total United States
1
_.
2
11
250,000
1,470,000
13
1, 720,000
1
1
50,000
30,000
1
50,000
2
5
230,000
1
1,350,000
2
2
1
80,000
80,000
Capital
265, 666
Voluntary liquidation
Assets
<2
1
500, 000
3
765, 000
3,881,964
1
• 87,500
583,056
167,081
3,714,883
25,000
100,000
1
1, 350,000
29
5, 225,000
1
4
25,000
130,000
1
11
87, 500
1,987,150
583,056
10,035, 706
Number
with
preferred
stock
Preferred
capital
Number
Common
capital
1
1
2
50,000
25,000
30,000
1
50,000
1,204,364
136, 706
720, 736
1
3
1
20,000
120,000
50,000
1
1
1
30,000
15,000
15,000
201,999
1,761,485
883,501
9
295, 000
4
110,000
4,908, 791
5
2
2
4
3
155,000
50, 000
65,000
152, 500
85,000
1
1
1
2
1
20,000
20,000
25,000
62,500
25,000
1,890,655
414,676
698,301
1,375,765
389,816
1
25,000
Assets
a
o
p
245,163
1
25,666
I
25,000
537,184
18
557, 500
7
177,500
5,551, 560
1
6
14
15
50,000
281,000
805,000
2,035,000
3
5
6
84,000
220,000
405,000
3,107,611
5,639,682
21, 235, 489
30,047,906
1
50,000
1
95,840
1,184, 721
37
3, 221,000
15
804,840
61, 215,409
98
8,188,500
37
2,861, 040
173,879,191
Includes one bank with $200,000 common capital stock and aggregate assets of $306,025, previously reported in voluntary liquidation.
2 Includes one bank with $50,000 common capital stock and aggregate assets of $139,908, previously reported in voluntary liquidation.
Includes $59,650 of preferred capital stock for one bank.
Previously reported in voluntary liquidation.
* Includes one bank with $150,000 common capital stock and aggregate assets of $60,704, previously reported in voluntary liquidation.
• Includes preferred capital stock of $37,500.
8
4
to
to
oo
H
O
g
3
3
o
229
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 19.—Number and classification of national banks chartered monthly
during the year ended Oct. 31, 1937
Primary organizations
Reorganizations
Conversions
Total
Months
Number
November
December
January
February
March
April
May
June
July
August
September
October
Total.
Number
Capital
Number
Capital
1
2
3
1
2
1
1
3
$150,000
105,000
1,150,000
50, 000
200,000
200, 000
500,000
450,000
3
I
200, 000
1,450, 000
1
50,666
i 18
4,455,000
23
150,000
$100,000
2
Number
Capital
1
1
$200, COO
50,000
1
3
I
100,000
100,000
200,000
1
8
Capital
2
3
3
1
3
2
6
3
$350,000
155,000
1,150,000
50.000
300,000
300,000
800,000
450,000
100,000
1
1
4
100,000
200,000
1, 500,000
750, 000
3 29
5,355. 000
11 of these b a n k s had $25,000 preferred capital stock.
2 These b a n k s had $105,000 preferred capital stock.
3 4 of these b a n k s h a d $130,000 preferred capital stock.
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock, Dec. 31, 1936
CAPITAL STOCK OP LESS THAN $50,000
[In thousands of dollars]
Cash and
Loans
exchange,
and disNum- counts, Invest- including
reserve
ber of includwith
banks ing re- ments Federal
disReserve
counts l
bank
Location
Total
assets
Surplus,
profits,
and re- Total
Capital serves
for deposits
contingencies
COUNTRY BANKS
Maine,
New Hampshire
Vermont
M assachusetts
ConnecticutTotal New
States
New York
New Jersey
Pennsylvania
Delaware
Maryland
1
3
1
3
2
England
._ __
Total Eastern States,__.
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Texas
Arkansas
Kentucky. __
Tennessee
.
_
.
Total Southern States—
i Includes overdrafts.
77
231
105
443
374
243
266
83
316
497
160
200
77
319
228
483
722
265
1,096
1,120
25
<0
25
75
70
74
79
33
117
69
383
553
206
898
986
10
1,230
1,405
984
3,692
285
372
3,026
45
4
78
1
5
6,060
910
11,702
35
638
8,286
1,641
17,426
47
1,456
4,277
673
8,650
38
720
19,270
3,376
39,170
137
2,855
1,275
132
2,177
25
140
1,541
266
3,872
8
252
16,386
2,973
33,058
103
2,463
133
19,345
28,856
14,358
64,808
3,749
5,939
54,983
20
9
2
3
5
2
12
108
12
11
15
3,512
1,091
286
461
361
144
1,457
9,104
1,169
1,817
2,055
2,092
1,032
204
467
401
144
1,560
6,480
1,362
1,300
2,094
2,360
1,050
463
705
894
359
2,743
14,135
1,969
1,214
1,967
8,177
3,368
981
1,657
1,700
670
5,910
30,861
4,686
4,474
6,351
540
275
50
90
130
50
325
3,059
390
305
440
485
176
46
69
96
58
439
1,779
209
320
287
7,133
2,915
882
1,498
1,470
561
5,112
25,962
4,082
3,848
5,617
199
21,457
17,136
27,859
68,835
5,654
3,964
59,080
230
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock Dec. 31, 1936—Continued
CAPITAL STOCK OF LESS THAN $50,000—Continued
[In thousands of dollars]
Number of
banks
Location
COUNTRY BANKS—continued
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
Arizona
. .-- -.
..
Loans
and discounts,
including rediscounts
Cash and
exchange,
including
reserve
Investwith
ments
Federal
Reserve
bank
Total
assets
Capital
Surplus,
profits,
and reTotal
serves for deposits
contingencies
30
28
61
7
10
66
22
16
4,286
3,691
6,282
1,206
1,291
8,435
2,711
2,255
4,453
4,039
10,142
1,609
2,137
14, 289
2,826
1,973
2,871
3,536
9,384
1,084
1,090
7,378
4,092
2,083
11,898
11,630
26,659
3,973
4,657
31, 201
9,845
6,496
878
780
1,774
240
320
2,066
590
482
679
548
1,066
183
182
1,266
409
256
10 334
10,295
23,785
3,550
4 147
27, 798
8,845
5,720
240
30,157
41,468
31, 518
106,359
7,130
4,589
94,474
31
24
45
74
17
5
27
8
113
2,275
2,269
5,990
7,492
1,614
879
4,003
1,083
10, 706
3,836
2,104
4,354
6,152
1,363
613
2,196
911
10,307
2,432
2,470
6,269
9,940
2, 390
1,386
5,837
1,569
14,095
8,985
7,137
17,002
24,286
5,635
2,958
12, 257
3,674
36,047
892
728
1,309
1,994
537
140
733
230
3,043
515
321
823
1,063
186
193
464
153
1,719
7,558
6,088
14. 863
21, 205
4,907
2,605
11,049
3,289
31, 215
344
36,311
31,836
46,388
117,981
9,606
5,437
102,779
11
10
13
6
3
1
1, 524
1,205
2,299
923
771
327
2,167
1,133
2,155
741
200
206
1,428
1.700
2,704
1,603
325
215
5,245
4,127
7,425
3,359
1,322
757
323
250
397
185
75
25
175
188
475
93
110
29
4,736
3,687
6,529
3,076
1,134
703
Total Pacific States
44
7,049
6,602
7,975
22, 235
1,255
1,070
19,865
Total United States
970
115,549
127, 303
129,082
383,910
27,679
21,371
334, 207
CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000
RESERVE CITIES
Dallas
Waco
-
Total Reserve cities
1
1
3,039
129
3,204
331
2,786
439
7,169
1,002
150
100
316
79
6,703
821
2
1,168
3,535
3, 225
8,171
250
395
7,524
24
39
34
62
4
22
10,047
15, 664
12,094
24,209
1,159
8,268
19, 357
15,332
15, 38S
32,010
839
9,485
9,282
11, 275
6,849
19,165
805
6,017
39,590
43,937
35,382
77,666
2,835
24, 613
2,756
3,550
3,268
6,045
420
2,176
2,670
3,971
2,401
6,278
411
2,207
34,111
36,124
29,628
65,113
1,993
20,154
92,411
53,393
224,023
18,215
17,938
187,123
COUNTRY BANRS
Maine
_ _ NewHampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States
_ _.
_.
England
New York
. _.
New Jersey .— _ _.
Pennsylvania
Delaware
Maryland
^..
Total Eastern States. _ .
185
71,441
254
140
440
11
44
83, 520
52,082
172, 782
3,407
19,421
137,405
96,329
278,488
3,466
28, 254
49, 219
38,907
107,483
1,439
13, 334
281, 597
196,954
586, 637
8,857
63,072
24,759
14,292
40,521
956
3,639
17, 398
11, 471
54, 658
882
4,444
237,905
170, 567
490,491
6,987
54,907
889
331,212
543,942
210, 382 1,137,117
84,167
88,853
960,857
231
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock, Dec. 31, 1936—Continued
C A P I T A L STOCK OF $50,000 BUT LESS T H A N $200,000—Continued
[In thousands of dollars]
Loans
and disNum- counts,
ber of includbanks ing rediscounts
Location
Investments
Cash and
exchange
including
reserve
with
Federal
Eeserve
bank
Total
assets
Surplus,
profits,
and reTotal
Capital serves
for deposits
contingencies
COUNTRY BANKS—continued
Virginia
West Virginia
North Carolina
South Carolina
Georgia
-Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
83
51
27
10
40
33
38
15
20
281
28
72
40
38,82'
18,054
11, 245
2,502
15, 254
10.927
11, 892
3,673
5,978
69, 225
7,291
29, 675
17,459
27,945
17,924
13, 576
6,063
11,020
19,983
9,622
10, 382
7,414
78,170
9,168
28, 408
11,387
23,877
14,973
16, 622
6,101
15,544
19,340
15,428
10,268
11, 225
108,523
13,677
25,063
13,817
95,185
53,483
43,014
15,023
43, 505
51, 539
38, 544
25,155
25, 579
264,039
30,833
86, 205
44, 608
7,235
4,344
2,589
850
3,603
2,920
3,025
1,525
1,720
20,100
2,084
6,122
3,336
5,938
2,48?
2,460
471
3,028
2,302
2,665
671
996
15,494
1,449
5,542
1,903
81,782
46, 553
37,834
13 679
36 755
46, 236
3? 797
22,790
22 792
227 880
27,207
74, 436
39, 301
Total Southern States_.
738
241,999
251,062
294, 458
816,712
59, 453
45, 401
710, 042
157
7(
178
52
72
110
79
45
50,839
21,768
46, 362
15, 646
21,820
28,496
24, 391
13,369
85, 755
39,638
105, 554
37. 841
56,986
68,960
32, 443
16, 631
52,513
25,088
70,333
18, 242
24, 230
32, 416
31,888
15,453
195,198
89, 614
228.951
73, 407
105, 962
133,874
90, 684
47,177
13, 724
6,112
13,816
4,287
6 284
7,837
5,090
3,310
11,44P
3,963
9,893
3,275
4 967
5,933
3,472
2,303
169 798
79 374
204 830
65 722
94 491
119 716
82 034
41, 517
763
222, 691
443,808
270,163
964,867
60, 460
45, 252
857,482
95
19
79
97
20
16
41
12
85
6,998
5,273
21,631
26,582
4.893
5,670
13, 266
5, 690
20,177
14,495
8,659
27.168
30,386
12, 103
6,401
18,905
8, 013
36, 845
6,948
6,712
29, 582
44,932
9,367
7.758
20, 368
11,285
42, 558
29,689
21, 524
79,908
105,296
27,399
20, 287
53,835
25,414
107, 832
2,030
1,460
5,245
7,192
1,690
1,160
3, 599
950
6,067
1,190
882
3,894
4,373
1 311
1,339
1,491
837
5,225
394
116,180
162,975
179,510
471,184
29,393
20, 542
420, 418
32
23
65
11
6
4
3
12, 216
7,040
27, 292
3,178
2,462
1,062
1,191
17, 570
10,354
24,988
4,501
1,272
2,683
1,838
15,512
10,924
20,98.5
5, 060
1,993
1,095
1,764
46, 522
29,432
75,867
13,164
6,068
4,885
4,969
2,455
1, 585
5,304
770
400
260
296
1,943
1,015
4,209
427
282
320
112
42, 026
26, 802
66 048
11,953
5,381
4,304
4,469
144
54,441
63, 206
57,333
180,907
11,070
8,308
160, 983
4
1,542
1,718
3,477
6, 955
275
323
6,357
1
434
423
745
1,627
150
32
1,435
5
1,976
2,141
4,222
355
7,792
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).. Virgin Islands of the United
States (nonmember bank)__
Total (nonmember
banks)
26,383
19,128
70,700
93,599
24 349
17,740
48,613
23 588
96, 318
8,582
425
Total country banks
3,118 1,039, 940 ,559, 545 1,069,461 ,803,392
263,183
226, 649 , 304. 697
Total United States
3,120 1, 041,108 , 563, 080 1,072, 686 , 811,563
263,433
227,044 , 312, 221
27021—38
16
232
KEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock, Dec. 31, 1936—Continued
CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000
[In thousands of dollars]
Cash and
Loans
exchange,
and disNum- counts, Invest- including
reserve
Total
ber of includwith
assets
banks ing re- ments Federal
disReserve
counts
bank
Location
Surplus,
profits,
and re- Total
Capital serves
for deposits
contingencies
CENTRAL RESERVE CITY
1,846
2,460
5,055
3,367
2,485
16,862
5,688
3,195
4,936
5,044
13,475
5,686
5,015
2,881
9,040
2,058
11,360
2,500
2,299
1,411
6,486
4.292
2,107
8,695
3,820
11,088
9,489
7,900
3,239
450
105
9,790
5,616
33,993
14, 526
6,906
20,167
13, 276
33, 220
19,174
17,807
8,535
27, 744
9,093
23,202
4,773
90,069
5,954
8,830
9, 520
29, 223
7,913
22, 549
6,392
13,042
17, 207
5,794
7,336
6,336
14, 331
10, 720
6,643
735
500
2,258
700
400
850
790
600
400
1,494
250
993
300
900
385
3,200
394
490
300
1,350
400
600
350
300
650
200
200
400
650
650
498
286
331
2,844
820
538
1,566
889
1,517
666
546
299
789
478
2,266
163
2,941
24"
238
469
996
259
762
236
636
501
148
150
293
368
260
11
127, 474 190,996
509, 681
22,187
22. 614 462,850
192,841
514, 736
22, 63'
22, 719 467,348
11,487 53, 295
9,088 30*878
3,759
19,80'
29, 365 135,041
1,023
6,808
14, 722 60,147
3,312
2.050
1,679
10, 670
650
4,832
3,715
3,001
1,322
7,816
1,019
3,491
46,072
25, 742
16, 740
116,168
5,106
51,500
261,328
Chicago
OTBER RESERVE CITIES
Brooklyn and Bronx
Buffalo
Philadelphia
Pittsburgh
Baltimore
Washington, D . C
Charlotte
El Paso
Galveston..San Antonio
Waco
Little Rock
Nashville—
Cincinnati
Toledo
Chicago...
Minneapolis
St. Paul
Dubuque
Sioux City
Kansas City, Mo
St. Joseph.
--St. Louis
Lincoln
Omaha
Kansas City, Kans
Topeka
Wichita
Oklahoma City
Tulsa
Spokane
Total
other
cities
3,802
9,'
4,107
1,265
3J 694
8,333
3,673
3,439
2,223
5,919
2,352
3,307
925
23,313
2,473
4,137
697
7,541
2,139
7, '
•
•
•
•
•
—
—
749
4,380
3,729
1,270
1,147
1,053
2,355
3,430
1,418
—•
•
Reserve
Total all Reserve cities.
76
128,137
32,115
1,042
1,766
6,718
10,861
1,552
5,901
3,787
4,013
8,975
2,862
2,823
2,821
6,355
3,119
2,694
12.220
4,471
7,284
1,324
32, 956
2,203
2,822
1,999
10, 262
4,210
8,449
1, 833
4,359
4,406
1,659
3,310
2,410
5,360
3,680
2,276
8,579
4,776
28,607
12,966
5,952
17, 696
11,539
31,002
17, 975
15,713
7,987
25,905
8,282
20,019
4,185
83,409
5,317
7,988
8,751
26,814
7,229
21,166
5,772
12,086
15,971
5,429
6,969
5,640
13,300
9,798
6,028
COUNTRY BANKS
Maine
New Hampshire..
Vermont
Massachusetts—
Rhode Island
Connecticut
Total New England
States..
•
New York
New Jersey—
PennsylvaniaDelaware
Maryland
Total Eastern States...
Virginia
West Virginia-.North Carolina..
South Carolina..
Georgia
Florida
Alabama
15,834
8,876
5,397
46, 756
2,021
22, 522
25,167
12,113
10,179
51, 775
3,667
20, 246
»9, 444 305,973
23,193
20,364
101
64
127
4
8
91,136 186,195
55, 710 98,981
137, 786 213,495
6,761
4,209
9, 589 16, 515
62,091 353,959
43, 323 211, 794
92, 747 469,054
3,037 14, 643
7,740 35,026
28, 320
17,872
33, 389
913
2,547
18,909 305, 570
10,273 183.036
42, 499 391,955
2,401
11, 301
1,249
31,141
304
298, 430 521, 94'
208,938 1,084, 476
83,04
75,331
923,003
3,854
2,249
1,333
1,526
732
1,550
2,960
47,504
41,299
26, 666
25, 417
14, 252
40,010
46,728
83
101,406
23,279
17,204
9,846
9,128
6,191
7,302
14,154
123,14'
13, 725
15,182
8,272
8,510
4,311
17,429
17,293
15,841
12,343
10, 996
10,208
5,311
18, 236
20,175
55, 509
47,150
30,176
28, 378
16, 534
43, 925
54,278
3,925
3.431
2,115
1,350
1,500
2,300
4,175
233
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock, Dec. 81, 1986—Continued
C A P I T A L STOCK OF $200,000 B U T LESS THAN $500,000—Continued
[In thousands of dollars]
Cash and
Loans
exchange,
and disincluding
Num- counts, Invest- reserve
ber of includwith
banks ing re- ments
Federal
disReserve
counts
bank
Location
Total
assets
Surplus,
profits,
and re- Total
Capital serves
for deposits
contingencies
COUNTRY BANKS—continued
Mississippi
Louisiana
Texas
_
Arkansas
Kentucky
Tennessee
..
_
,
---
Total Southern States..
Ohio
- - ,
Indiana
Illinois
Michigan
Wisconsin...
Minnesota
Iowa
Missouri
_
133
912
29, 272
5,045
13,101
5,900
151, 722
14, 229
235
37. 779
11,036
16.003
4,472
16, 360
2,806
57,037
11, 375
8,360
6,173
42,604
4,101
128,948
28, 228
38. 678
17, 537
2,548
200
6,850
1,450
2,868
1,660
1,366
179
5,054
1,626
1,837
434
38, 631
3,723
116,706
24,925
33,894
15,419
168,476
195, 221
536,046
34,372
24, 700
475,174
39,151
22, 534
49, 704
18, 339
16, 545
13, 665
5,147
7,736
153,078
77, 237
148, 523
66,095
52, 230
52, 679
15, 937
10,488
4,317
7,250
3,625
3,278
3,000
850
1,599
8,273
2,953
5,719
1,906
2,034
1,879
444
954
133,843
69,845
135,189
60,418
46, 759
47, 658
14, 572
23,925
172,821
592, 275
_._
9 , r ••
-
10,!
4,873
7,019
65, 794
33, 761
67, 723
34, r
24, 468
26,445
5,533
10, 774
131, 649
269, 404
2,367
6,025
2,398
6,403
4,354
6,295
5,683
4,24"
7,195
6,204
9,206
3,877
6,624
7^ 736
8,549
6,072
11, 722
13,804
14, 672
14,171
11,102
5,468
11, 505
44, 967
74, 616
i 721
3. 764
19,050
2,032
4,320
4,975
6,318
21, 950
4,981
2,733
33,887
40,957
41, 919
18, 329
26, 747
11, 928
Total Middle Western
States...
128
Nortn Dakota..
South Dakota
Nebraska
Kansas
Montana
Wyoming
Oolorado
New Mexico
Oklahoma
Total Western States...
42
Washington
Oregon..
California
Idaho
Arizona
Total Pacific States
Total country banks
Total United States
718
762,061 1,798, 547
198 1,391,389
34,407
24,162
532,209
12, 614
21,159
8,341
28,011
34, 576
28, 741
26,357
16, 377
31, 735
900
1,475
450
1,650
1,350
1,300
1,100
785
1,900
411
438
468
1,127
1,624
923
737
362
1,610
11, 269
19,079
7,404
25,213
31, 561
26, 477
24, 474
15, 230
28,036
81,042
207, 911
10,910
7,700
188,743
4,245
4,559
17, 357
3,722
8,068
15.003
15,153
61, 214
10,934
15,803
l,0CO
600
4,267
500
700
778
709
3,097
229
734
13,166
13, 790
53, 720
10,189
14.354
37,951
118.10:
7,067
5,547 105, 219
3, 506
5,116
1
If ""
765,417 2,844, 788 192, 990 157,804 2,485, 676
946,196 3, 359, 524 215, 627 180, 523 2,953,024
C A P I T A L S T O C K O F $500,000 B U T L E S S T H A N $1,000,000
CENTRAL RESERVE CITIES
New York
Chicago
Total central Reserve
cities
750
1,260
2,152
3,185
715
2,766
3,726
7,301
500
500
405
227
2,812
6,538
2,010
5,337
3,481
11, 027
1,000
632
9,350
5,141
1,327
3,624
5,930
10,354
1,342
5,482
5,373
7,588
4,243
2,709
3,463
8,147
4,097
16,746
3,257
576
3,812
4,577
5,359
3,547
851
3,220
9,535
21, 757
4,314
1,556
9,423
8,093
7,944
19,762
3,814
12,427
21,339
48,187
12,258
5,384
17,209
22,117
18,213
1,955
500
700
1,350
1,900
500
500
750
1,550
1,250
788
162
609
1,266
2,335
475
175
475
988
303
OTHER RESERVE CITIES
Brooklyn and Bronx.__
Philadelphia
Pittsburgh
Baltimore
Washington, D. C
Charlotte
_
Savannah
Fort Worth
Galveston
Houston
16,932
3,131
11,034
18,617
43,859
11,263
4,644
15, 963
19,289
16,595
234
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock Dec. 31, 1936—Continued
CAPITAL STOCK OF $500,000 BUT LESS THAN $1,000,000—Continued
[In thousands of dollars]
Cash and
Loans
exchange,
and disincluding
counts,
NumTotal
ber of includ- Invest- reserve
with
banks ing re- ments Federal
disReserve
counts
bank
Location
Surplus,
profits,
and re- Total
Capital serves
for deposits
contin- j
gencies !
OTHER RESERVE CITIES—COn.
Waco
Chicago
Peoria
Grand Rapids
Cedar Rapids__
Kansas City, Mo
St. Joseph
St. Louis
Lincoln
Omaha
Kansas City, Kans
Topeka
Helena
Denver
Pueblo
Oklahoma City
Ogden
Salt Lake City
Total other
cities
-_._
Reserve
4,557
14,200
13,965
9,039
13,753
22,277
2,501
17, 377
14,228
2,956
5,085
10,228
5,228
18,789
6,900
5,952
6,314
16,054
4,351
11, 257
10,826
• 6,450
9,128
23,988
4,350
4,709
11,240
2,758
6,Q98
11', 107
3,580
12,519
17,223
9,488
7,011
22,728
13,279
29,647
31,825
20,413
33,364
69,551
8,991
27,686
32,038
8,176
15,452
24,646
10,143
41,055
25,185
16,338
21,445
47,654
950
1,075
1,260
1,505
500
2,150
500
1,750
1,350
700
750
1,000
600
1,050
500
500
945
2,400
399
870
2,146
696
1,276
2,755
410
1,039
683
87
214
875
290
2,704
1,252
329
985
2,096
11,883
27,553
28,377
18,142
31, 588
64,319
8,060
24, 857
29, 947
7,386
14,457
22, 726
9,248
37,142
23,373
15,509
19,423
43,055
598,372
145,728
246,281
249,051
657,598
30,440
26,682
50 147,738
251,618
252, 532 668,625
31,440
27, 314 607,722
5,089
2,627
3,176
43,774
13,506
25,626
8, 531
3,668
2,426
54,529
8,540
26,408
93,798
61,752
29,954
61, 206
2,961
48
Total all Reserve cities.-
3, 998
3,581
6,238
4,878
9,160
22,821
2,020
4,280
5,845
2,317
3,535
2,706
996
9,485
774
473
7,961
8,391
COUNTRY BANKS
Maine
New Hampshire
Vermont
Massachusetts
—
Rhode Island
Connecticut—
Total New England
States
New York
New Jersey
Pennsylvania
" Maryland
._
Total Eastern States
5,241
819
1,179
26,005
5,176
17,772
19,246
7,251
6,972
130,730
28,105
73,211
1,500
600
600
9,530
2,500
4,650
783
408
413
7,011
2,359
4,242
16,963
6,207
5,911
113,458
23,108
63,890
104,102
56,192
265,515
19,380
15,216
229,537
89,494
50,257
96,088
2,592
31,886
23,939
48, 013
967
16,685
7,213
14, 015
500
7,675
4,083
17,306
249
167,488
97, 318
186,131
6,127
155,873
238,431
38,413
29,313
457,064
._-
23, 232
7,888
5,879
3,790
1,905
3,952
20, 518
22, 209
6,860
1,208
4,390
11,532
7,991
3,799
1,709
1,282
3,561
23,174
15, 322
9,727
840
5,219
10,854
6,119
5,610
2,753
3,731
3,379
40,662
33,174
10,234
1,417
6,456
48,611
23, 362
15, 572
8,513
7,170
11,557
87,550
73, 584
27,377
3,536
16,469
4,000
2,000
1,300
500
800
1,250
4,130
5, 703
1,500
500
1,250
2,631
1,604
611
324
287
343
2,215
2,619
1,172
727
412
41, 758
19, 713
13,626
7,647
6,069
9,923
80,449
65,141
24,664
2,278
14, 780
Total Southern States..
38 101,831
84,156
124,389
323, 301
22, 933
12,945
286,048
14,664
15,696
25,029
12,251
12,401
2,078
1,932
3,808
32,814
37,794
44,714
27,213
31,622
1,954
3,388
3,333
17,722
23,479
31,939
16,340
14,344
4,076
1,630
4,411
68,457
79,386
103,830
61,632
61,096
8,190
7,487
11,814
5,140
4,125
4,775
4,738
3,885
600
600
600
2,235
2,539
3,983
2,005
2, 658
335
184
334
60,894
72,453
94,768
54, 342
54,392
7,225
6,659
10,875
87,859
182,832
113,941
401,892
24,463
14,273
361,608
Virginia
West Virginia
North Carolina
Georgia
Florida
Mississippi
Louisiana
Texas
Arkansas
Kentucky.
Tennessee
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States
40
104, 805 527, 768
235
REPORT OF THE COMPTROLLER OF THE CURRENCY
"TABLE NO. 20.—Principal items oj assets and liabilities of national banks, classified
according to capital stock, Dec. 81, 1936—Continued
CAPITAL STOCK OF $500,000 BUT LESS THAN $1,000,000—Continued
[In thousands of dollars]
Location
Cash and
Loans
exchange,
and disincluding
Num- counts, Invest- reserve
ber of includwith
banks ing re- ments Federal
disReserve
counts
bank
Total
assets
Surplus,
profits,
and re- Total
Capital serves
for deposits
contingencies
COUNTRY BANKS—continued.
North Dakota .
South Dakota
Montana
Total Western States...
Washington
•California
Idaho
Nevada.-.
Total Pacific States
Total country banks
Total United States
1
1
1
2,464
2,760
1,344
2,322
5,049
5,193
3
2
3
1
1
7
184
234
6,568
2,924
24, 449
3,643
4,057
35, 073
481. 002
628, 740
12, 564
2,595
17, 428
11, 088
11,055
42,166
664, 251
915, 869
6,838
11,135
10,477
500
800
600
7,965
28,450
4, 413
10, 697
17, 241
61, 716
5,182
20,462
24,043
8,213
35,049 116,918
442, 341 1,663. 844
694,873 2, 332, 469
1,900
1,300
2?070
775
500
4.645
111, 734
143,174
1,633
2,800
3,532
128
136
367
6,191
10,154
9,473
631
25,818
367
9,026
2,574
57,061
486
19,167
22, 607
685
4,112 107,861
76,490 1,467,936
103,804 2,075, 658
C A P I T A L S T O C K OF $1,000,000 B U T LESS T H A N $5,000,000
CENTRAL RESERVE CITIES
New York
Chicago
Total central Reserve
cities
30,773
53,003
26,414
80,127
28,902 88,185
122, 311 257,077
4,014
9,150
4,594
7,225
77, 528
239,812
83, 776 106, 541
151,213
345, 262
13,164
11,819
317, 340
71, 348
3,375
147, 260
17,456
135, 306
56,024
34, 770
12,174
44, 733
103,872
9,149
21, 217
69,860
35, 367
36, 745
50,110
6,412
5r76,
87, 391
14,006
47,150
17,968
6,330
9,835
28,913
66,400
22,365
46, 511
20,514
51, 563
4,879
15,724
39, 578
7.067
109, 991
75, 677
1,731
68, 017
2,073
119,684
13,129
74,986
55, 587
46,833
12, 835
44, 714
71, 848
7,691
35,149
74, r "
25,032
49, 731
62, 796
6,744
5,181
58,468
65, 202
7,463
55,125
14, 768
5,917
12,187
17, 452
74,701
19, 531
36,052
25, 768
67,863
11.374
18, 253
29,949
8,451
57, 534
33,290
2,741
232, 734
7,905
431, 354
39, 244
232, 369
145, 787
103,854
36,373
112,873
238, 549
29, 989
84,880
182, 750
75, r "
131, 253
164,061
25,945
17,191
173,168
185, 244
28, 343
142,075
40, 291
18, 730
27, 419
66,060
169, 578
56,364
111, 503
56,080
149. 676
22,053
51, 673
101,163
20,868
217, 928
136,315
11, 252
7,500
1,000
18, 501
2,000
5,500
6,550
4,000
1,500
6,000
8,200
2,000
3,950
8,875
3,700
3,968
5,500
1,000
1,000
9,500
6,250
2,000
3,000
2,200
1,000
1,700
4,100
4,115
2,000
4,585
2,000
5,000
1,200
2,500
5,000
1,000
7,000
3,000
1,000
14, 223
259
34, 523
4,116
8,819
5,914
4,652
937
3,045
7, 534
798
2,684
8,331
2,681
5,531
8,362
920
730
5,949
8,514
800
3,855
1,652
363
476
1,569
4,800
2,189
3,093
2.167
6, 329
525
1,241
4,539
415
8,680
5,098
310
207,475
6,605
371, 034
33,045
216,678
132, 811
94,830
33, 869
103, 521
220, 799
27,158
78,108
163, 742
69, 218
120,869
149,497
23, 851
15,448
157,189
169,881
25,488
132,258
36,176
17,254
25,148
60,157
160,427
52,088
103,450
51, 779
137,933
20, 269
47. 706
90, 223
19,414
201, 280
127, 674
9,777
OTHER RESERVE CITIES
Boston
Brooklyn and Bronx
Philadelphia
Pittsburgh
Baltimore
Washington, D. C
Richmond
Atlanta
Jacksonville
New Orleans
Dallas
Fort Worth__
Houston
__.
San Antonio
Louisville
Memphis
Nashville
Cincinnati
_
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
Total other Reserve
cities....
Total all Reserve cities..
87, 916
2,006
146, 705
6,157
18, 792
29,690
21, 597
10, 854
19, 232
54, 700
12,817
25, 718
32, 934
12, 962
42,891
46,882
12, 252
5,403
32, 289
28, 932
5,052
39, 246
6,749
6,249
5,195
19,050
27, 298
14,033
24,829
8,345
28,122
5,221
15, 999
29,864
5,119
44, 397
25, 931
6,544
81
967,972 1,611,430 1,398,927 4,078. 783 158, 894 176, 623 3, 714,129
1,051, 7481, 717,971 1.550.140 {4,424,045 172. 058, 188,44214,031,469
236
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stock, Dec. 31, 1936—Continued
CAPITAL STOCK OF $1,000,000 BUT LESS THAN $5,000,000—Continued
fin thousands of dollars]
Cash and
Loans
exchange,
and disincluding
Num- counts, Invest- reserve
Total
ber of includwith
assets
banks ing re- ments Federal
disReserve
counts
bank
Location
Capital
Surplus,
profits,
and re- Total
serves for deposits
contingencies
COUNTRY BANKS
Maine ._
Massachusetts
Rhode Island
Connecticut
Total New England
States
New York. .
New Jersey ...
Pennsylvania
Total Eastern States- _.
Virginia
-West Virginia
South Carolina
Florida. - _
Alabama
Kentucky
Tennessee
Total Southern States..
Ohio
Indiana
Michigan
Wisconsin
Minnesota
Total Middle Western
States
Washington
_.
California
Arizona
__.
Total Pacific States
The Territory of Hawaii
(nonmember bank) _
Total country banks
Total United States
2
4
2
5
4,052
21.802
21, 994
46, 231
15, 372
39,624
26, 710
51, 320
6,469
20, 648
23, 404
56, 755
26, 222
85, 271
72, 718
162, 699
2,325
6,200
4,000
10, 267
616
3,963
5,173
8,056
23,224
74,281
63, 036
142,182
13
94,079
133,026
107, 276
346,910
22, 792
17,808
302, 723
9
13
15
57,006
85,832
80, 919
130, 385
160,696
141, 494
45,100
103,315
49, 052
239, 011
370,465
290, 385
12, 806
25, 451
21,010
13, 437
10, 294
26,803
211, 775
332,906
242, 031
37
223, 757
432, 575
197,467
899,861
59, 267
50, 534
786, 712-
4
2
1
3
3
1
3
25, 256
13, 635
14, 476
12, 828
19, 211
7,011
19, 457
37,894
11.940
14, 051
33, 809
24, 655
3,476
33, 605
26. 596
13, 762
16, 652
20,819
22,979
5, 935
28, 422
93,475
42, 310
46, 371
69, 692
70,162
16,926
84, 638
5,500
2,787
2,300
3,900
3,000
1,000
5,000
3,719
2,290
479
1,791
3,799
1,017
2,506
83, 729
37,046
43, 570
63, 888
62, 960
14,853
76, 620
17
111,874
159, 430
.135,165
423, 574
23,487
15, 601
382, 666
5
2
2
2
2
25 231
10,093
9,055
6,160
10, 252
39 239
14, 233
19, 804
15, 857
16,858
31.423
10,097
10, 292
15, 581
16, 436
102, 636
36, 574
41, 590
39, 336
44, 312
6,750
2,200
2,250
2,475
2,500
4, 434
791
1,741
1,414
1,854
91, 207
33, 367
37, 354
35,077
39, 76a
13
60, 791
105, 991
83. 829
264, 448
16,175
10, 234
236, 765
2
1
9,122
12 692
12, 721
10,199
16 205
12,511
9,468
10 325
9,134
29,920
41 879
35, 283
2,500
2 500
1,565
1,229
601
945
26,142
38,690
32,528
5
34, 535
38,915
28. 927
107,082
6,565
2,775
97, 360
13,919
50, 420
2,256
44, 749-
1
12. I l l
21, 826
86
537,147
891, 763
.
3,350
566, 583 2, 092, 295
131, 636
99, 208 1, 850, 975
175 1, 588,895 2,609, 734 2,116, 723 6, 516, 340
303, 694
287, 650 5,882,444
C A P I T A L S T O C K O F $5,000,000 B U T L E S S T H A N $25,000,000
CENTRAL RESERVE CITY
New York
187,012
448,693
292,139
940, 578
22, 775 127, 606 778,655
33,396
222, 759
380, 255
39, 752
19,859
23,727
50, 257
22,917
13, 701
23, 934
147,443
194, 532
94, 550
180,138
152, 045
31, 328
31,894
20,249
72,836
19,218
20,030
36, 328
86,121
178, 338
213, 571
497,392
608, 586
113,499
97,106
70,129
212, 256
57, 369
60,484
89, 830
322,976
440,351
10, 000
14, 000
19, 500
5,400
5,000
9,900
13, 500
5,400
7,000
6,000
20,500
15,000
OTHER RESERVE CITIES
Boston
Philadelphia
Pittsburgh
Atlanta
Savannah
Birmingham
Dallas
Houston
Nashville
Cincinnati
Cleveland
Detroit
_.
.._
76, 791
80,977
59, 315
38,930
41,067
20,645
80, 830
13, 537
23,577
27, 786
82, 248
65, 568
20, 601
27, 228
47,979
6,231
2,703
1,566
6,813
1,471
773
180,264
446,883
538, 332
101,320
88, 723
58,324
189,582
50, 270
52, 327
77, 033
7,764 293,634
12,694 412,171
237
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Principal items of assets and liabilities of national banks, classified
according to capital stocky Dec. 81, 1936—Continued
CAPITAL STOCK OF $5,000,000 BUT LESS THAN $25,000,000-Continued
fin thousands of dollars]
Cash and
Loans
exchange,
and disNum- counts, Invest- including
reserve
ber of includwith
banks ing re- ments
Federal
disReserve
counts
bank
Location
Total
assets
Surplus,
profits,
and re- Total
Capital serves
for deposits
contingencies
OTHER RESERVE CITIES—Con.
Milwaukee
Minneapolis
St. Paul
St. Louis
Oklahoma City
Tulsa.
._
Seattle
Los Angeles
San Francisco
__
42,057
82, 561
43, 786
64,850
17, 016
14,081
40, 240
51.314
199, 514
_
113,068
119,836
49,133
100,064
27, 789
25, 361
68,243
36, 713
164, 653
62, 561
84,673
52,631
80,191
19, 036
22, 463
41, 220
32,921
132,644
224,486
293, 578
150, 716
248, 646
64,419
64,391
152,989
125, 648
512,437
14, 500
13, 500
6,000
10, 200
5,000
5,000
8,000
5,000
28, 200
4,558
10, 773
8,009
7,925
2,771
2,317
3,800
4,765
22,693
203, 575
265, 995
135,947
229,907
56,476
56,870
140,300
114, 595
457,165
Total other Reserve
cities
28 1,166, 690 1, 877,392 1, 451, 415 4,620,859 226,600
209,463 4,149, 693
Total United States
31 1, 353, 702 2,326,0851,743,554 5,561,437 249,375
337,069 4,
S T O C K O F $25,000,000 B U T LESS T H A N $50,000,000
CAPITAL
CENTRAL RESERVE CITY
Chicago
__
1
253, 613
434,871
292, 540
993,854
30,000
35, 816
922, 207
1
1
217, 635
244,966
181,344
231, 259
253, 210
137,997
689, 515
645,195
27,813
35, 250
57,977
25,064
587,109
580, 651
2
462, 601
412, 603
391,207 1, 334, 710
63,063
83,041 1,167, 760
3
716, 214
847, 474
683, 747 2, 328, 564
93,063
118,857 2,089, 967
2 1,171,498 1, 765, 923 1,058, 533 4,:, 142,447
335, 650 1, 232, 513
lj 237,501 609,826
177, 770
75, 000
198,07''4 3,i, 643, 994
40,808 1,100,606
3 1,408,999 2,375, 749 1,394,183 5,374,960
252, 770
238,882 4, 744,600
OTHER RESERVE CITIES
Boston
Los Angeles.__
Total other Reserve
cities
__
Total United States
C A P I T A L S T O C K O F $50,000,000 OR M O R E
CENTRAL RESERVE CITIES
New York
Chicago
Total central Reserve
cities
•__
__
OTHER RESERVE CITY
San Francisco
Grand total
States
200, 037 1,401,674
50,000
56,995 1,287,928
1,936,804 2,999,110 1, 594,220 6, 776, 634
302, 770
295,877 6,032, 528
527,805
Total United States._..
623, 361
United
5,331 8,271,210 12,780,044 8,981,081 31,070,441 1,598,815 1,572,195 27,608,397
r
TABLE N O . 21.—National-bank notes redeemed and outstanding, by denominations and amounts, on October31, each year, 1983 to 19871
[For prior years see Annual Reports for 1920, vol. II, p. 42, and 1931, p>. 220, a n d 1936, p . 209]
Year
Ones
Twos
Fives
Tens
Twenties
Fifties
One hundreds
22,828,928
340,749
15,332,618
162,420
3,660,392,200
11,527,160
5,953,627,055
20,001,425
3,445,941, 600
18,453,920
407,217,300
3,402,450
497,890,800
4,327,100
505,699, 255
168,200,390
623,622, 510
379,324,670
236,362,360
292,900, 540
15,018,750
36,294,600
5,573,000
32,564,900
Five hun- One thoudreds
sands
tO
OO
Total
OLD SERIES
1933
Redeemed
Outstanding
12,202,000
87,500
7,433,000
21,000
14,022,865,501
58,323,724
O
W
NEW SERIES
1933
Redeemed
Outstanding
.
1,386,275,875
909,285,100
1934
Redeemed
Outstanding
.
22,828,928
340, 749
15,332,618
162,420
3,661, 286,630
10,632.730
5,956,074,125
17,554,355
3, 449, 022,940
15,372,580
407,808,350
2,811,400
498, 550, 700
3, 667,200
12, 202, 000
87, 500
7,433.000
21,000
14,030, 539,291
50,649,934
NEW SERIES
1934
Redeemed
Outstanding
1935._
Redeemed
Outstanding
1935
Redeemed
Outstanding
2
^
H
OLD SERIES
657,043, 515
152,601,080
834,990,840
346,590,300
323,455, 560
291,705,660
20,163,900
35,982, 550
8,364,400
35,101,300
3, 661,844,473
10,074,887
5,957,720,975
15,907,505
3,451,177, 290
13,218,230
408,176,675
2,443,075
498,965,800
3,252,100
797,434,320
54,062,650
1,065,974,810
176,389,130
450,631, 570
196,967,390
29,701,400
28,339, 200
14,947,600
30, 743,900
1,844,018,215
861,980,890
OLD SERIES
W
H
O
8
^
H
22,829,397
340,280
15,332, 955
162,083
12, 202,000
87,500
7,433,000
21,000
14,035,682,565
45, 506,660
5
p
NEW SERIES
2,358,689, 700
486,502, 270
OLD SERIES
1936
Redeemed
Outstanding
.
22,829,453
340, 224
15, 332,992
162,046
3,662,162,930
9,756,430
5,958,717,410
14,911,070
3,452,436, 240
11,959,280
408,406,150
2,213,600
499, 242,400
2,975,500
829,501,365
21,995,605
1,148,774,090
93,589,850
520,421,080
127,177,880
37,065,950
20,974,650
22,025,800
23,665,700
12,202,000
87,500
7,433,000
21,000
14,038,762,575
42,426,650
NEW SERIES
1936
Redeemed
Outstanding
2,557,788,285
287,403 685
OLD SERIES
Redeemed
Outstanding
1937
22, 829,483
340,194
15,333,018
162, 020
3, 662,450,220
9, 469,140
5,959, 530,670
14,105, 710
3,453,432,990
10,967, 810
408,599,250
2,021, 650
499,495,000
2, 725,000
12, 203,000
86, 500
7, 433, 000
21,000
14,041,306,631
2 39,899,024
Redeemed -_ Outstanding
3
2
836, 394, 035
15,102,935
1,176, 532,130
65, 831, 810
552,872, 260
94, 726, 700
41,040, 300
17, 000, 300
26,171, 800
19, 519, 700
2,633,010, 525
212,181,445
Fractions and nonassorted notes not included.
Includes $7,900 in 10's, $5,280 in 20's, $1,150 in 50's, and $2,100 in 100's, a total of $16,430, representing 1,098 notes of 27 national banks which were illegally put into circulation in the
period from Apr. 5,1912, or immediately prior thereto, to Mar. 26,1921. and which on Apr. 7,1937, were added to the amount of notes outstanding under authority of an act of Congress
(Private, No. 190, 74th Cong.) approved Aug. 7, 1935.
HI
w
Q
d
w
W
^
o
NEW SERIES
1937
hj
O
K
REPORT OF THE COMPTROLLER OF THE CURRENCY
239
TABLE NO. 22.—National-bank notes received monthly by Comptroller of the Currency
from Currency Redemption Division for redemption on retirement account, during
year ended Oct. 31, 1937
Amount
November..
December
Amount
1936
1937—Continued
$6,847,800. 00
8, 073, 855.00
1937
January
February
March
April
8, 306, 477. 50
7, 355,402.00
6,892,115.00
6. 960, 835. 00
May
June
July .
August
September..
October
_._
Total
$6,155,190.00
5, 920, 221.00
6,072,295.00
3,949,965. 00
4,814,680. 00
6, 211, 630.00
77, 560,465. 50
TABLE NO. 23.—Vault account of currency received and destroyed during year ended
Oct. 31, 1937
Amount in vault of Redemption Division of Currency Bureau awaiting destruction at close
of business Oct. 31, 1936
$1,233,010.00
Amount received during year ended Oct. 31, 1937
77,560,465.50
Total
i.
Withdrawn and destroyed during year
Balance on hand in vault Oct. 31,1937
78,793,475.50
77, 766, 290. 50
1,027,185.00
TABLE NO. 24.—Amount of currency received for redemption, by months, from July
1, 1936, to June 30, 1937, and counted into the cash of the Currency Redemption
Division
National-bank Federal Reserve Federal Reserve United States
notes
bank notes
notes
currency
1936
July
August
September
October
November
December
Total
$13, 218,850. 50
10, 718,147. 50
9, 707,940.00
8, 750,924. 50
6, 796, 328.00
8, 445,182. 00
$2, 251, 356.00
1,479, 635.00
1, 313, 577.00
1,017,145. 50
1,196, 207. 00
1,175, 285. 00
$12, 828,130.00
9, 359, 410.00
10, 742, 405.00
10,860, 595.00
10,107,875.00
11,840, 845.00
$4, 281, 438. 41
3, 533, 605. 54
4,092,901. 55
4, 203, 766. 61
3, 873,156. 64
5, 379, 278. 04
$32, 579, 774.91
25,090, 798.04
25,856, 823. 55
24,832,431.61
21,973, 566.64
26, 840, 590. 04
8, 783, 080.00
6, 603,916.00
7, 369,904. 50
6,473,939. 50
5,828, 261. 50
5, 880,431.00
1, 226,873.00
887, 408. 50
1,101, 536.00
962, 448.00
1,158, 344. 00
803, 437. 50
11, 608, 705.00
11,214,220.00
12,478, 267. 50
12,130, 605.00
10, 927,152. 50
11,139, 590. 00
4, 543,929.93
4, 243,876. 28
5,162, 345.15
5, 244,136.19
4, 608, 052.43
4, 999, 868. 23
26,162, 587.93
22,949, 420. 78
26,112,053.15
24,811,128.69
22, 521,810.43
22, 823, 326. 73
98, 576,905. 00
14, 573, 252. 50
135, 237,800. 00
54,166, 355.00
302, 554, 312. 50
1937
January
February
March
April
May
June
._-
Total—
TABLE NO. 25.—Amount of currency received by the Currency Redemption Division
for redemption in the year ended June 30, 1937, from principal cities
Boston
_
$6,777,101.88 Kansas City
$2,209,000.00
New York.
_.
18,191,033.53 Dallas
1,535,700.00
Philadelphia
8,437,048.50 San Francisco
6,362,800.00
Cleveland
4,875,500.00 Cincinnati
2,402,300.00
1,641, 617.00
Richmond
2,785,950.00 Baltimore
Atlanta
•...
2,357,300.00 New Orleans
1,871,664.50
Chicago
21,936,471.00 Other places
212,714,329. 58
St. Louis
4,455, 534.33
Total...
302,680,850. 32
Minneapolis
4,127,500.00
NOTE.—The difference of $126,537.82 between the totals shown by this table and table No. 24, 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 the
Currency Redemption Division and counted into cash from June 30, 1874, exclusive of deductions for shortages and spurious issues, is $22,098,180,144.30.
240
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 26.—Cost of redemption of national-bank notes during the year ended
June 30, 1937
Amount of expense
Office Treasurer United
States
(N. C. R.)
Salaries
Printing and binding
Contingent expenses
Insurance...
Postage
_
_.
_
...
Total
Tlfidep/rneri on retirPTPPnt fmnonnt
Office Comptroller of
Currency
Total
$47,824.37
62.51
296.11
2, 545. 61
1,470.40
$23,160.33
49.17
61.28
$70,984.70
111. 68
357.39
2, 545. 61
1,470.40
. 52,199.00
23,270.78
75,469. 78
Amount
redeemed
Rate per
$1,000
$99, 573,790. 50
$0.75792816
Amount of
expenses
$75,469.78
TABLE NO. 27.—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, 1937
Amount
Federal Reserve notes:
Received from various sources, whole notes:
Salaries
Printing and binding
Contingent expenses
$2,141.47
17.47
82.76
2,241.70
Total
Received direct from Federal Reserve banks and branches, canceled and cut:
Salaries
Printing and binding
Contingent expenses
49, 525.40
137. 79
311.34
49,974. 53
Total
Federal Reserve bank notes, new series:
Received from various sources:
Salaries . .
Printing and binding
Contingent expenses
Insurance..
Postage
845.30
7.14
33.84
374.02
165. 58
1,425. 88
Total
53, 642.11
Aggregate
Amount in
dollars
Federal Reserve notes:
Received from various sources, whole notes... $33,072,440
Received direct from Federal Reserve banks
1,504,311,900
and branches, canceled and cut
Federal Reserve bank notes, new series:
14,800,100
Received from various sources
Total
1, 552,184,440
Number of
notes
Rate per
1,000 notes
Assessment
2,246,413
$0.99790198
$2,241.70
128,128,156
.39003550
49,974. 53
924,630
1.54210873
1,425.88
131,299,199
.40854865
53, 642.11
KEPOET OP THE COMPTKOLLEE OF THE CUEEENCY
241
TABLE N O . 28.—Taxes assessed on national-bank circulation, years ended June 30,
1864-1936; cost of redemption, 1874-1937; and assessments for cost of plates, etc.,
1883-1935
[For yearly figures 1883-1911 see report for 1931, p. 227]
Year
1864-1882
1874-1882
1883-1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936 ._
1937 .
Semiannual
duty on
circulation
Cost of
redemption of
notes by the
United States
Treasurer
AssessAssessAssess- ment for Assessment for ment for cost of
ment for
cost of
cost of
adding
plates,
plates,
plates,
signatures
addinew l extended tional
to plates,
banks
banks or duplietc1
cate
$52,253,518.24
$1,971, 587.10
$821,110 $473, 295
62, 595, 336. 73 5,269,078.81
505, 735. 21
22, 740
3,690, 313. 53
28,190
517, 842. 93
28, 560
3, 804, 762. 29
19,805
529,013. 36
11,560
3, 889, 733.17
8,500
f 3,901,541.18 } 498, 328. 60
16, 660
13,855
- \ 2 2, 977, 066. 73
3, 744,967. 77
450,150. 22
10, 085
9,700
3, 533,631. 28
420,160. 42
9,200
6,000
3, 656,895. 34
412, 785.92
16, 770
11,120
3, 627,060. 80
528,424. 24
15,600
15, 340
3, 706,901.15
974,058.11
31,850
28, 990
3,806,590. 02
1,115,146.00
31,070
82.160
3, 941,461.17
594,168.70
18, 244
52, 780
4,030, 336. 30
514, 598. 55
23, 464
5,850
4,063, 708. 32
527,979. 90
18, 756
3,556
3, 661,819. 45
459, 790. 43
12, 682
4,456
3, 277, 512. 90
494, 470. 91
22, 948
3,253,461.97
467,411.42
22,618
3, 234, 240. 29
465,080.16
20, 890
/ 15,792
461, 375. 92 \
3,441,152. 95
3,930 }
2,286
642,676. 54
3, 248,327.85
3,174
445,683.09
3, 242,977. 92
6,762
424,431. 75
3,175,189. 24
11, 270
424,963. 21
3,415,840. 63
15, 364
422,391. 83
4, 518,904. 84
5,290
388,711.65
4, 365, 601. 32
142,091. 70
694, 743. 49
75,469. 78
Total-_ 206,753,596.87
1
20,143,606.46
1,218, 675
763, 597
$4,130
6,975
6,300
11,175
3,420
6,460
9,100
7,590
20, 770
12,670
17, 226
25, 262
31, 388
4,404
30, 564
37, 924
21, 728
f
17, 914 \
12
96
36
12
275,156
$493.00
841. 00
773.00
591.00
1,610.00
1,110.00
1, 229. 89
1, 322. 30
54.00
8, 280. 00
11,079.00
11,028.00
11,181.00
11,256.00
7,335.00
68,183.19
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
7,418,626. 51
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
| 3,941,541.17
3.901,570.39
3, 702, 914. 01
3,617,422.99
3,863, 350. 84
4,967, 952. 67
4, 766,949.97
836,835.19
75,469.78
229,222,814. 52
Beginning in the latter part of 1929 amounts in this column concern logotypes incident to reduced size
notes, series of 1929.
* Tax collected on additional circulation under act May 30,1908.
242
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 29.—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. J+, 1986, to Oct. 27,1937
[In thousands of dollars]
Collateral security
Date
1936
Nov. 4__
Nov. 10
Nov. 18
Nov. 25
Dec. 2
Dec. 9
Dec. 16
Dec. 23
Dec. 30
Jan. 6
Jan.13
Jan. 20
Jan. 27
Feb.3
Feb. 10
Feb. 17
Feb. 24
Mar. 3
Mar. 10
Mar. 17
Mar. 24__
Mar. 31
Apr. 7
Apr. 14
Apr 21
Apr. 28
May 5___
May 12
May 19
May 26
June 2
June9__
June 16
June 23
June 30.
July 7
July 14
July 21
July 28
Aug. 4_
Aug. 11
Aug. 18
Aug. 25
Sept. 1
Sept. 8__
Sept. 15__
Sept. 22
Sept. 29
Oct. 6
Oct. 13
Oct. 20
Oct. 27._
1937
_.
_.
_
_
_
Federal Reserve notes
outstanding
Gold certificates on
hand and
due from
U. S. Treasury
Eligible
paper
Excess
U.S. Gov- collateral
ernment
securities
4,397, 757
4, 443, 261
4, 466, 513
4,473,196
4,497,999
4, 538,157
4, 576, 604
4, 646, 501
4, 637,989
4,369,838
4, 395, 838
4, 437, 838
4,437, 838
4,464, 838
4, 492, 338
4, 535, 838
4, 616, 838
4,616,838
5,289
5,147
3,534
4,395
4,695
4,290
6,143
7,397
4,636
93,000
93, 000
84, 000
88, 000
88, 000
90, 000
95,000
95, 000
95, 000
70, 370
50, 724
58,859
57,037
59, 534
48,471
60, 377
72, 734
78,485
609,640
558, 517
494,145
477,966
475,246
487,216
472.449
472,092
476, 257
474,025
464,801
473,064
480,832
478, 480
474, 511
480,484
494, 218
496,178
501,481
498,606
496,626
505,125
517,118
505, 873
501,262
508,973
550,464
552,646
540,032
523,643
532,357
544,445
554, 501
560,971
563,174
624,774
620,315
613,505
602, 269
609,199
608,405
618,979
612, 569
4, 582, 838
4, 540, 838
4, 488, 838
4, 491, 838
4, 491,132
4,492, 132
4, 48S, 132
4, 492,132
4,492,132
4, 518,132
4, 511,132
4, 499,132
4, 509,132
4, 508,132
4, 510,132
4, 516,132
4, 518,132
4, 521,132
4, 536, 632
4, 535, 632
4, 537,132
4, 538,132
4, 550,132
4, 544, 632
4, 542, 632
4, 552,632
4, 563, 632
4, 587, 632
4, 585, 632
4,580,632
4, 582,132
4, 593. 632
4, 593, 632
4, 594, 632
4, 600, 632
4,619,132
4, 632.132
4, 633,132
4, 633,132
4, 636,132
4, 639,132
4, 641,132
4,637,132
2, 331
1,735
1,897
2,588
2, 556
2,390
2,948
3,886
7,168
4,518
3,813
7,394
11, 750
7,912
10, 949
7,472
10, 848
16, 759
16, 344
15,891
18,037
19,943
16,324
15,634
13, 801
9,984
12,844
14,860
11, 677
14,531
14, 579
16,117
17, 907
18, 277
23,339
23,166
22, 807
22, 755
22,183
22,822
23,149
18,276
23,186
101,000
101,000
93,000
87, 000
87,000
87, 000
87,000
87, 000
87,000
65, 000
72, 000
72, 000
62,000
45,000
52,000
52,000
52,000
52,000
45, 000
35, 000
20,000
20,000
20,000
20, 000
20, 000
20,000
20, 000
20,000
20,000
20,000
20, COO
20,000
20, 000
20,000
20,000
32,000
32,000
32,000
32,000
32,000
32,000
32 000
32; 000
76, 529
85, 056
89, 590
103, 460
105,442
94, 306
105, 631
110,926
110. 043
113,625
122,144
105,462
102,050
82, 564
98, 570
95,120
86, 762
93,713
96, 515
87, 917
78, 54372,950
69, 338
74,393
75,171
73. 643
46,012
69,84677, 277
91, 52084, 354
85,304
77,038
71, 93a
80, 797
49, 524
66, 624
74,38285,046
81, 755
85, 876
72,429'
79, 74*
TABLE NO. 30.—Federal Reserve notes, segregated by series, printed, shipped, and canceled, issued to banks, retired, and destroyed since organization
of the banks with balance in vaults and amount outstanding Oct. 31, 1937
VAULT BALANCE OCT. 31, 1937, 1914-18 SERIES
Fives
Tens
Twenties
Five
One hundreds Five hundreds One thousands thousands
Fifties
Ten
thousands
Total
o
Total printed
$5,370,100,000 $5,978, 520,000 $6,092, 240,000 $1,283,800,000
Total shipped and can5,370,100, 000
5, 978, 520,000 6,092,240,000 1, 283,800,000
celed
Total on hand
0
0
0
0
$884,400,000
$173,000,000
884, 400,000
173,000,000
333, 600,000
108,000,000
184,000,000
20,407,660,000
0
0
0
0
0
0
$333,600,000 $108,000,000 $184,000,000 $20,407,660, 000
VAULT BALANCE OCT 31, 1937, 1928-34 SERIES
Total printed
$2,829, 780,000
Total shipped and can2,199,280,000
celed
Total on hand
630, 500,000
$6,061,080,000
$5,102,640,000 $1,811, 600,000 $2,440,400,000 $1,105, 760, 000 $1,433,996,000 $159, 840, 000 $206,880, 000 $21,151,976,000
5, 566,000,000
4,093,200,000
1,106, 600, 000
1, 457, 600,000
554,060,000
797,196,000
67,120,000
89, 720,000
15,930, 776,000
495,080,000
1,009,440,000
705,000,000
982,800,000
551, 700,000
636,800,000
92, 720,000
117,160,000
5, 221,200, 000
COMBINED VAULT BALANCE OCT. 31, 1937, BOTH SERIES
Q
O
o1
tr
Total printed
$8,199,880,000 $12,039, 600,000 $11,194,880,000 $3,095,400,000 $3,324,800,000 $1,278,760,000 $1,767, 596,000 $267,840,000 $390,880,000 $41, 559,636,000
Total shipped and can727,060,000 1,130, 796,000 175,120,000 273, 720,000 36,338,436,000
7, 569,380,000 11,544, 520,000 10,185, 440,000 2,390,400,000 2,342,000,000
celed
Total on hand
630, 500,000
495,080,000
1,009,440, 000
705,000,000
982, 800,000
551, 700,000
636,800,000
92, 720,000
117,160,000
5,221, 200,000
1-3
W
ISSUED, R E T I R E D , AND OUTSTANDING OCT. 31, 1937, 1914-18 SERIES
d
Total issued
Total retired
Total outstanding._
$6,148, 375, 250 $6,990, 812, 040 $7,192, 258,040 $1, 486,660,050 $1,111,562,800
7,170, 592,000 1,477,511,800 1,101,382,400
6,975,980,330
6,135,978,470
12,396, 780
14,831, 710
21,666,040
9,148, 250
10,180,400
$184, 528,500
182, 431, 000
$424,150,000
417,996,000
2,097,500
6,154,000
$73, 340, 000 $127,260,000 $23,738,946, 680
73, 270, 000 127,170, 000 23,662,312,000
70, 000
90,000
76, 634,680
3
o
K!
to
CO
TABLE N O . 30.—Federal Reserve notes, segregated by series, 'printed, shipped, and canceled, issued to banks, retired, and destroyed since organization
of the banks with balance in vaults and amount outstanding Oct. 31, 1937—Continued
ISSUED, RETIRED, AND OUTSTANDING OCT. 31, 1937, 1928-34 SERIES
Fives
Tens
__
$2,884, 239,250
2, 769,617,640
$7,191,835,000
5,702,371,890
Total outstanding..
114,621,610
1,489,463,110
Twenties
Fifties
Five
One hundreds Five hundreds One thousands thousands
Ten
thousands
Total
o
Total issued
Total retired
$5, 654,565,600 $1, 479,160,850 $2,040,133, 300
4,246,365,380 1, 112,786,250 1,363,254,300
1, 408, 200,220
366,374,600
676, 879,000
$591,358,000 $1,011 829, 000
448, 622, 500
717 480, 000
142, 735, 500
$59, 930,000 $143,100,000 $21, 056,151,000
49, 860, 000 120,180,000 16 530, 537,960
294 349,000
10, 070,000
22,920,000
4 525,613,040
W
C O M B I N E D I S S U E D , R E T I R E D , A N D O U T S T A N D I N G O C T . 31, 1937, B O T H S E R I E S
Total issued
Total retired...
$9,032, 614, 500 $14,182, 647,040 $12,846,823, 640 $2,965,820,900 $3,151, 696,100
8,905, 596,110 12,678, 352,220 11,416,957,380 2, 590,298,050 2,464, 636, 700
Total outstanding-.
127,018,390
1,504,294,820
1,429, 866, 260
375,522,850
687,059,400
$775, 886,500 $1 435, 979, 000 $133, 270, 000 $270, 360, 000 $44, 795, 097,680
631, 053,500 1 135, 476, 000 123, 130,000 247, 350, 000 40,192,849,960
144, 833,000
300, 503, 000
n
10, 140,000
23,010,000
o
o
4, 602, 247, 720
M U T I L A T E D F E D E R A L R E S E R V E N O T E S , 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 B A N K S A N D ON H A N D
I N V A U L T O C T . 31, 1937, 1914-18 S E R I E S
Boston
New York
Philadelphia
Cleveland...
Richmond
Atlanta
Chicago
St. Louis.
Minneapolis
Kansas City
Dallas
San Francisco
_..
-_
Total received
Total destroyed
_
._.
$451, 253,340
1,485,847,095
518, 260,050
365, 280,940
229, 225,905
271,471,875
822, 378,890
208,043, 700
145,850, 610
218,940,400
142, 308,000
458,059,165
$696,234,, 690
1,763,211,470
565,121,600
437, 527,060
274,662,130
312,692,100
845, 766, 650
214,479, 530
143,104,960
163,942, 780
129, 518,450
413,244,370
$513,805,000
1,170,490,820
600,199,040
768,151,400
337,769,600
317,245,960
932,086,400
214,002,400
130,951,000
182,446,120
136, 785,660
712,662,660
$52, 280,200
260,916,550
184,894,950
298,363,150
82,688,300
43,014,200
198,278,900
28,325,200
7,901,000
18,461,100
10,709,400
67,354,250
$72,092,400
305, 065,000
62,928, 200
66,055, 500
41, 296, 000
46, 857, 400
87,407, 500
18,473, 000
11, 766, 900
25, 224, 700
12,228, 400
105,121,900
$6, 721, 500
62,132,000
3, 360, 500
7, 658, 000
1, 997, 500
13,107, 500
14,878,000
3, 344, 500
1,977, 000
3, 514,000
2,165,000
10,029,000
$20, 518, 000
123,490,000
13, 384,000
8, 607, 000
8, 302, 000
41, 046, 000
18, 561,000
4, 205,000
2, 733,000
4, 272,000
4, 352, 000
21, 548,000
$3, 995, 000
7,985, 000
$8, 010,000
15,970,000
I, 980,666
2, 000, 000
3, 970,000
4, 000,000
3, 985,000
2, 000, 000
4, 000, 000
13, 985, 000
19, 960, 000
$1,824,910,130
5,195,107,935
1, 948,148,340
1,957, 593,050
981, 941,435
1,045,435,035
2, 923, 342,340
696,873,330
444, 284,470
616,801,100
438,066, 910
1,821,964,345
5,316, 963,220
5,316,919,970
5,959, 568,290
5, 959, 505, 790
6,016, 733,960
6,016,596,060
1,253,251, 750
1,253,187,200
854,619, 600
854, 516, 900
130,901, 500
130, 884, 500
271,047,000
271, 018, 000
75,930,000
75, 930, 000
183, 910,000
183, 910,000
20,062,925,320
20,062,468,420
43,250
62, 500
137,900
64, 550
102,700
17,000
29, 000
Balance on hand
456,900
o
MUTILATED FEDERAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED SINCE DATE OF FIRST SHIPMENT (APR. 30, 1929)
AND ON HAND IN VAULT OCT. 31, 1937, 1928-34 SERIES
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta.
Chicago
St. Louis
Minneapolis
Kansas City
Dallas.
San Francisco
..
Total received
Total destroyed
$141,636,170
344,142,920
190,959,470
147, 079,645
84, 941,490
165, 206,195
222,831, 930
136, 386, 795
42,194,875
49,852, 630
70,044,895
178, 782,375
$455,322, 750
1,022,586, 200
356,543,420
327, 700,180
207, 953,800
157, 654,190
565,251,410
165,528, 530
81,367,130
114, 912,630
75, 943, 630
211,4C6, 520
$173,287,060
440,049,500
204,651,960
280,874,880
201,228,820
86,457,140
349, 696,420
92, 466, 580
51,658,000
86, 318, 660
49,086,840
195,533,320
$29,727,350
74,945,900
57, 710,000
43,076,400
28,258,700
12, 681,650
63,162,850
7,470, 550
2,159,150
5, 653, 550
3,499,050
14,124, 750
$26, 254, 700
87,501,000
20,586, 200
13, 276,200
18, 707, 900
15, 206, 200
30,183, 700
10, 852,000
3, 721, 500
8, 638,600
5, 867, 300
24,211,700
$2,475,0,00
20,975, 000
1, 657, 000
4, 662, 000
726, 500
5, 014, 500
5, 528, 500
926, 000
459, 500
2, 442, 500
651, 500
1,424, 500
$4,901,000
31, 303, 000
2, 682, 000
7, 736, 000
8. 289, 000
11, 803, 000
12, 574, 000
1, 254, 000
500, 000
6, 686,000
818, 000
2, 537, 000
$265, 000
105, 000
$430,000
420,000
170,656
85, 000
50, 000
780, 000
880,000
380, 000
70, 000
10,000
70, 000
15,000
20, 000
10, 000
100,000
$834, 299,030
2,022,028, 520
834, 790, 050
835, 455,405
550, 571, 210
454,142,875
1, 250, 018,810
414, 884, 455
182,060,155
274, 594, 570
205, 936, 215
628,120,165
1,774,059, 390
1,772, 691, 590
3,742,170,390
3,731,405,640
2,221,309,280
2,214, 696,680
342,469,900
341,492,250
265,007,000
264, 081,800
46, 942, 500
46, 763, 500
91,083,000
90,804,000
1, 540, 000
1, 540,000
2, 320, 000
2, 310,000
8,486,901,460
8,465, 785,460
w
1, 367,800
10,764, 750
6, 612,600
977, 650
925, 200
179,000
279, 000
10,000
21,116,000
o
o
Balance on hand
C O M B I N E D M U T I L A T E D F E D E R A L RESERVE NOTES, BY DENOMINATIONS, R E C E I V E D AND D E S T R O Y E D SINCE ORGANIZATION OF BANKS
AND ON HAND I N VAULT OCT. 31, 1937, BOTH SERIES
Total received
Total destroyed
__ $7, 091, 022, 610
7, 089, 611, 560
$9, 701, 738,680
9,690,911,430
1,411,050
10,827,250
Balance on hand
$8,238 043,240 $1, 595, 721, 650 $1, 119,626,600
8,231 292,740 1 594 679 450 1, 118,598,700
6 750,500
1, 042 200
1,027,900
$177 844 000
177 648 000
$362 130, 000
361, 822, 000
196 000
308, 000
$77, 470, 000 $186, 230,000 $28, 549, 826 780
470, 000 186, 220, 000 28,528, 253, 880
10,000
21, 572 900
NOTE.—During the fiscal year Nov. 1,1936, to Oct. 31,1937, badly mutilated, burned, and fractional parts of Federal Reserve notes amounting to $66,482; new series, $61,565;
]tf series, $4,907; Federal Reserve bank notes, 1929 series, $10, have been identified, valued, and the bank of issue determined.
H
O
1-3
w
d
a
j
to
Oi
TABLE N O . 31.—Aggregate amount of Federal Reserve bank notes, old series, printed, issued, cancelled and redeemed by denominations, since fcO
inauguration of Federal Reserve System, and amount outstanding Oct. 31, 1937
g£
VAULT BALANCE OCT. 31,1937
Twos
Ones
Total printed
Total issued and cancelled
-
Total on hand
Fives
Tens
Twenties
Fifties
Total
$478,892,000
478,892, 000
$136, 232, 000
136,232, 000
$132,500,000
132,500,000
$24,040,000
24,040,000
$14,080,000
14,080,000
$2,600,000
2,600,000
$788,344, 000
788, 344,000
0
0
0
0
0
0
0
$16,440,000
16,391,025
$9,760,000
9, 716,010
48,975
43,990
ISSUED, R E D E E M E D , AND O U T S T A N D I N G OCT. 31 1937
Total issued .
Total redeemed
. __
Total outstanding
.
__ _
_.
_. __
_
_-
$478,892,000
477,337, 753
1,554,247
$135,192,000 $121,460,000. 00
134, 822,458 121,226, 222.50
369, 542
233, 777.50
$200,000 $761,944,000.00
191, 650 759, 685,118. 50
8,350
o
o
2, 258,881. 50
w
H
O
Q
TABLE NO. 31 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 the period Mar. 10, 1933 {date of first shipment), to Oct. 31, 1937, under terms of sec. 18,
Federal Reserve Act, as amended Mar. 9, 1933
VAULT BALANCE OCT. 31,1937
Fives
Total printed
Total shipped
Total on hand
_ _
-- _- -
Tens
Twenties
One hundreds
Fifties
$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
53,440, 000
98, 000,000
125, 360,000
77, 200, 000
96, 800, 000
g
Total
$911, 700,000
460,900,000
450, 800, 000
ISSUED, R E T I R E D , AND OUTSTANDING OCT. 31, 1937
Total issued.
Total retired
Total outstanding
W
$64, 985, 500
63, 528,340
$79,918,000
74,362,670
$87, 384, 000
74, 884, 540
$19, 415, 250
15, 572, 600
$33. 200, 500
23, 176,700
$284, 903, 250
251, 524,850
1, 457,160
5, 555,330
12, 499,460
3, 842, 650
10, 023, 800
33, 378, 400
M U T I L A T E D F E D E R A L RESERVE BANK NOTES, SERIES 1929, BY DENOMINATIONS, R E C E I V E D AND DESTROYED DURING T H E PERIOD MAR. 10,
1933 (DATE OF FIRST S H I P M E N T ) , TO OCT. 31, 1937
Fives
Bank
Tens
Twenties
s
One hundreds
Fifties
o
K
3
O
tr1
Total
o
Boston
__
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St Louis
Minneapolis
Kansas City
Dallas
San Francisco . _ -
.
.__.
_.
Total received
Total destroyed
. __
_ _
_
_ _ __
__
I, 993,490
9,362, 780
1,332,975
2,489, 205
2,085,110
2,698, 715
1,457,130
$4,196,840
8,396,120
5,103,380
5,161,070
1, 027,900
2, 273, 300
5,480, 720
9, 630,910
1,193,830
4,300, 610
2, 752,090
2, 549,950
$7,430,880
10,900, 600
2, 849, 820
4, 575,940
3, 094, 720
1,307, 960
5, 502,100
117, 560
1, 555, 500
2, 417,180
3, 325, 800
5,125,280
46, 497, 490
46,497,490
52, 066, 720
52, 066, 720
48, 203,340
48, 203, 340
0
0
$6, 721,725
3,855,335
8, 325, 230
6,175, 795
.
.
_.-
0
$4,302, IQQ
$4,183,100
888, 650
731,000
2, 323, 300
$18, 349,445
31, 637, 255
16, 278, 430
17, 532,455
4,122, 620
5, 574, 750
22, 668,900
11,081,445
5, 238, 535
8, 802, 900
9, 273, 755
9,132, 360
139, 850
357, 300
5,330, 600
5, 330, 600
7, 594, 700
7, 594, 700
159, 692. 850
159,692; 850
0
0
0
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure
Report No.
Organization
469
887
.9091
L918
919
i 928
1027
1031
1108
1110
1115
1128
1156
1157
1201
1214
1222
1231
1242
1259
1261
1265
1276
1277
1280
1284
1285
1287
1292
1294
Name and location of bank
Farmers & Drovers National Bank, Waynesburg,
Pa
National Bank of Commerce, Pierre, S. Dak.9
Georgia National Bank, Athens, Ga.»
Burgettstown National Bank, Burgettstown,
Pa.9
First National Bank, Selma, N. C.9 9
_
First National Bank, St. Cloud, Minn.
National Farmers Bank, Owatonna, Minn
Farmers9 & Merchants National Bank, Merced,
Calif.
First National Bank, Allegan, Mich.8
Farmers & Merchants
National Bank, Mount
Morris, Pa.9
First National Bank, Dunbar, Pa.9._
First National Bank, Columbia City, Ind.9
First National Bank, Bishop, Calif
Citizens National Bank, Waynesburg, Pa.9
Astoria National Bank, Astoria, Oreg.9
First National Bank, Bristow, Okla
First National Bank, Arcadia, Ind.88
._.
First National Bank, Dublin, Ga. . 9
_
Fourth National Bank, Macon, Ga.
_
First Exchange
National Bank, Coeur d'Alene,
Idaho 9
Minneapolis National Bank, Minneapolis,
Kans.6
First National Bank, Avon Park, Fla.99.._
First National Bank, Sandersville, Ga.
National
Bank of Emmetsburg, Emmetsburg,
Iowa.9
Peoples National Bank, Adena, Ohio9
First National Bank, Lakeland, Fla. ...
First National Bank, Auburndale, Fla.9
First National Bank, Shinnston, W. Va
Polk County National Bank in Bartow, Fla.9
National Bank of Newberry, Newberry, S. C
Charter
No.
Date
30,1865
13,1890
14,1902
25,1879
7,1915
25,1882
29,1893
$150,000
75,000
100,000
50,000
30,000
50,000
80,000
$597, 750
139,048
716,000
444,500
11,400
401,000
199,200
10352 Jan. 4,1913
1829 May 11,1871
100,000
50,000
26,000
272,050
839
4279
6525
2408
10739
2790
4928
Jan.
Feb.
Oct.
Jan.
May
Sept.
May
Capital
Total
dividends
paid d u r ing existence as a
national
banking
association
Failures
Capital
$200,000
100,000
400,000
100,000
30,000
250,000
75,000
Receiver
appointed
Dec.
Feb.
Apr.
May
May
June
Sept.
12,1906
11,1925
17,1925
14,1925
16,1925
24,1925
10,1926
100,000 Sept. 23,1926
50, 000 Feb. 18,1927
Lawful
money
deposited
$100,000
79,500
200,000
98,400
8,800
74, 550
Circulation outstanding
at date
of failure
Total
deposits
at date of
failure
$100,000 $1,126,045
79,500
200,000
998,869
98,400
70,000
8,800
72,847
402,890
81,099
74,550
$1,131,990
1,073,294
1,418, 519
1,724,366
199,987
1,889,085
1,446,671
229,029
117, 049
1,128,135
581, 948
26,150
240,564
98,484
38,934
638,851
1,673,000
310,068
366,597
1,010,834
719,199
4,080,072
2, 242,061
548,130
173,740
893,686
7,690,486
68,000
115,800
199,616
1,018,391
525,118
345,432
231,649
105, 673
159,150
52,675
73, 656
494, 531
84,118
701,118
498,265
1, 907,478
289,053
840,213
1,046,039
1,108,313
46, 900
46,900
6983
7576
7132
10999
4267
4403
6260
9488
6374
8365
Sept.
Jan.
Feb.
Nov.
Jan.
Aug.
Apr.
July
May
Aug.
22,1903
20,1905
2,1904
21,1916
15,1890
9,1890
29,1902
8,1909
3,1902
2,1906
25,000
50,000
50,000
25,000
50,000
50,000
25,000
25,000
50,000
250,000
29,000
61,000
171,000
126,000
1, 565,000
297,354
202, 500
15,000
461,000
701,000
25,000
50,000
100,000
50, 000
500, 000
200,000
50,000
25,000
200,000
500,000
Feb.
Mar.
Mar.
Aug.
Aug.
Feb.
Apr.
July
Sept.
Nov.
21,1927
7,1927
31,1927
15,1927
17,1927
24,1928
25,1928
3,1928
24,1928
26,1928
24, 500
48,100
94, 200
24,500
48,100
94,200
275,000
275,000
25,000
25,000
100,000
25,000
25,000
100, 000
7120
3731
10826
7934
Jan.
June
Feb.
Aug.
14,1904
14,1887
10,1916
15,1905
100,000
60,000
25,000
42,000
71,000
231, 600
104,000
154,880
100, 000
60,000
100, 000
50, 000
Jan.
Feb.
Feb.
Mar.
19,1929
9,1929
18,1929
14,1929
100,000
60,000
16,250
25,000
100,000
60,000
16, 250
25,000
13059
6016
9811
12983
9453
13309
1844
Apr.
Aug.
June
Aug.
June
Apr.
May
5,1927
8,1901
9,1910
17,1926
14,1909
1,1929
6,1871
60,000
25,000
50,000
50,000
45,000
200,000
50,000
86,687
206,000
3,000
123, 750
60,000
50,000
100, 000
50,000
90, 000
200,000
100, 000
Mar. 15,1929
Apr. 13,1929
May 15,1929
do
_
May 22,1929
June 28,1929
July 1,1929
25,000
25,666
44,400
44,400
98,600
98, 600
705, 500
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
93, 312
44,000
o
o
W
Q
First National Bank, St. Augustine, Fla.9
First National Bank, Taylorville, 111.9.
First National Bank, New Bern, N. C—
First National Bank, Grundy, Va_._
Carolina National Bank, Spartanburg, S. C
First National Bank, Greeley, Nebr.9 9__
First National Bank, Samson, Ala.
First National Bank, Seward, Pa.9___
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, Gaffney, S. C
American National Bank, Kewanna, Ind
Commercial National Bank, Chatsworth,
111
First National Bank, Wanette, Okla.9
Pana National Bank, Pana, 111
Saunders Co. National Bank, Wahoo, Nebr. 9 ....
First National Bank, Pineville, W.
Va
First National Bank, Jasper, Fla.9
National Loan & Exchange Bank, Greenwood,
S.C.
First National Bank, St. Petersburg, 9Fla.9
First National Bank in Poultney, Vt.
Union National Bank, Connellsville, 9Pa
First National Bank in Fresno, Calif.
National Bank of Arkansas at Pine Bluff, Ark._.
Citizens National Bank, Connellsville,9 Pa
Citizens National Bank, Galion, Ohio
First National Bank, McLeansboro, 111.9
Port Newark National Bank, Newark,
N. J
Clymer National Bank, Clymer, Pa.9
Farmers National Bank, Wilkinson,
Ind.»
9
First National Bank, Altus, Okla.
City National Bank, Spur, Tex.9
First National Bank, Martinsville, 111.9
First National Bank, Perry, Fla
Old First National Bank, Farmer City, Ill.i
First National Bank, Auburn, Wash.9
Peoples National Bank, Brookneal, Va
Quincy-Ricker National Bank & Trust Co.,
Quincy, 111
Holston-Union National Bank, Knoxville, Tenn_.
National Bank of Kentucky, Louisville,
Ky
First National Bank, West Salem, 111.9
City National Bank, Spokane, Wash.1 •
American National Bank, Asheville, 9N. C_
First National Bank, Campbell, Mo.
Citizens National Bank, Hendersonville, N. C
First National Bank, Benton, 111
See footnotes at end of table.
3462
3579
13298
11698
12146
7622
8028
11899
5909
5337
12371
5980
5064
10616
5519
6641
6734
3118
7672
7757
7027
Feb. 16,1886
Oct. 9,1886
Mar. 18,1929
Apr. 19,1920
Jan. 16,1922
Feb. 3,1905
Dec. 22,1906
Dec. 21,1920
July 6.1901
Apr. 16.1900
M a y 3,1923
Aug. 28.1901
Mar. 11,1897
Apr. 21.1914
July 14,1900
Feb. 6,1903
Apr. 14,1903
Jan. 3,1884
Mar. 6,1905
Jan. 17,1905
Sept. 16.1903
50,000
75,000
150, 000
50,000
200, 000
25, 000
25, 000
25,000
50, 000
25, 000
300, 000
25,000
50, 000
25, 000
25, 000
25, 000
50, 000
55, 000
25, 00C
30, 000
50, 000
807,900
657, 290
7730
13261
6408
11473
10768
6452
1984
6649
12946
9898
9279
7159
10703
6721
7865
4958
Apr. 26,1905
Nov. 12,1928
Aug. 9.1902
Sept. 29,1919
Aug. 12.1915
Sept. 12.1902
Mar. 20,1872
Apr.
4,1902
M a y 5,1926
Oct. 10,1910
Nov. 2,1908
Feb. 15.1904
Feb. 4,1915
Mar. 17.1903
July 11.1905
M a y 14,1894
25, 000
100,000
50, 000
200,000
100,000
25, 000
60,000
25, 000
200,000
25,000
25, 000
30,000
40,000
25,000
25, 000
50,000
927, 750
8,000
26, 50C
18,000
185, 000
170,000
383,400
113,000
10585 July 10,1914
11960 Aug. 7,1920
50,000
50,000
155, 000
1,500
3752
4648
5312
9338
12418
8772
6885
10734
6136
June
Oct.
Apr.
Dec.
July
May
Apr.
Apr.
Jan.
7,1887
13,1891
23,1900
12,1908
3,1923
15,1907
4,1903
21,1915
11,1902
54, 000
83, 250
127,000
3,500
798, 683
67, 270
237, 369
90, 750
380, 000
8,500
100,100
75, 250
133, 500
181, 950
25, 500
49,085
152,000
41,000
32, 50C
214, 800
44, 200
54,125
125, 500
194, 500
130,000 July 25,1929
200, 000 Oct. 18,1929
150,000 Oct. 26,1929
50, 000 Dec. 13,1929
200, 000 Dec. 30,1929
25, 000 .. _do
100. 000 Jan. 8,1930
25, 000 Jan. 10,1930
400, 000 Jan. 30,1930
35,000
do
500, 000 Feb. 4,1930
50, 000 Feb. 5,1930
150, 000 Feb. 17,1930
25,000 Feb. 25,1930
40, 000 Mar. 8,1930
25,000 Mar. 24,1930
100, 000 Apr. 1,1930
50,000 Apr. 22,1930
25, 000 M a y 1,1930
30, 000 M a y 13,1930
100,000 M a y 16,1930
600,000
100,000
50,000
400,000
100,000
100, 000
100,000
50,000
200, 000
75,000
25,000
60, 000
40,000
25,000
50,000
65,000
June
June
July
July
July
July
Aug.
9,1930
20,1930
3,1930
7,1930
21,1930
31,1930
4,1930
do
\U2 » 1930
Aug. 22,1930
Sept. 19,1930
Sept. 26,1930
Oct.
7,1930
Oct. 11,1930
Oct. 25,1930
do
75,000 Oot 28 1930
50,000 Oct. 31,1930
500,000 Nov. 10,1930
100,000
450,!
750,000 Nov. 12,1930
100,000 1, 607,303
1, 645, 000 9, 885, 550 4, 000,000 Nov. 17,1930
25, 000 Nov. 18,1930
25,000
22, 750
200,000 Nov. 20,1930
200,000
50, 000
200, 000 Nov. 21,1930
300, 000
154, 500
40, 000 Nov. 24,1930
30,000
54, 400
100, 000 Nov. 28,1930
50,000
71,000
100,000 Dec, 2,1930
210, 250
25, 0001
98, 550
23,900
50,000
130,000
98, 550
23,900
50, 000
7,000
12,500
8,320
7,000
12, 500
8,320
130,000
9,980
484,940
24,460
37, 497
25, 000
39,280
6,300
100,000
24,460
25, 000
29, 040
100,000
623,197
285,920
328,103
61,920
145,000
57,475
53,083
15, 000
303,570
67,965
9,980
484, 940 1,171,161
71,933
24,460
170,000
37,497
17,114
25,000
58,010
39, 280
28,807
6,300
100,000
111, 260
24,460
247,491
25,000
24,408
29, 040
32,390
100,000
90,353
48,438
50,000
200,000
98,920
100,000
58,740
25, 000
48, 438
50,000
200,000
98,920
100,000
58, 740
25,000
75, 000
25, 000
25,000
9,040
25,000
50,000
75, 000
25, 000
25,000
9,040
25, 000
50,000
929, 725
86, 523
470,000
485,000
224, 700
198,547
112, 726
15,666
23,057
132,194
114, 964
8,925
46,916
65, 262
46,996
80,169
586, 680
500,000
500,000
742,198
742,198 1, 774, 450
2, 500,000 2, 500,000 7,083,021
24, 815
24, 815
40, 563
200,000
150,000
150,000
412,051
7,200
7,200
48,000
49, 580
49, 580
249,081
97,720
97, 720
368, 579
1, 649,312
1,023,437
1,472,945
159,202
927,503
251,187
84,378
157,319
970, 705
264, 580
6, 362, 097
221,828
1, 261,844
208,100
319, 205
272,906
674,920
469, 076
256,931
161,344
988,433
4,336,700
764,122
747, 648
3, 348, 725
1, 599, 482
2, 582,278
906,948
480,325
586,763
676, 769
141,893
447,432
184,464
298, 702
392,610
W
O
O
3
H
745,494
342,198
3, 564,347
11,162,384
26,966, 990
223,941
50,536
1,949,431
109,663
1,075, 536
1,119, 568
Q
to
CO
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Report No.
Organization
Name and location of bank
1439
1444
1448
1450
First National Bank, Rector, Ark.9
First National
National Bank,
111N. C
First
Bank, Marion,
Charlotte,
Farmers & Merchants National Bank, Tyrone,
PaAmerican National Bank, Redfield, S. Dak
Benton County National Bank, Bentonville, Ark
Union National Bank, Fairmont, W. Va 9
First National Bank, Caruthersville, Mo.
_.
.First National Bank, Capac, Mich.9, 8
First National Bank, Ridgeway, Mo. .
._
City National Bank in Miami, Fla9 _.
First National Bank, Augusta, 111. 9
First National Bank, Ladonia, Tex.
First National Bank, Sesser, 111
First National Bank, Greenwood, Miss._
First National Bank, Connersville, Ind- National Bank of Goldsboro, Goldsboro, N. CA_
Interstate National Bank, Helena, Ark..
Merchants & Planters National Bank, Dillwyn,
Va
Lawrence Ave. National Bank, Chicago,
Ill__
First National Bank, Floyd, Iowa 9 First National Bank, Corning, Ark.i
National Bank of Wilkes at Washington, Ga
City National Bank, Bessemer, Ala_
First National Bank, Rogers, Ark. __ 9
First National Bank, Brookhaven, Miss.
--- __.
First National Bank, Brookfield, Mo.9
Howard National Bank, Kokomo, Ind.1
Planters National Bank, Clarksdale, Miss_
,.
9
Anoka National Bank, Anoka, Minn.
..
First National Bank, Clinton, S. C.9 ._
Farmers & Merchants National Bank, Sheridan,
Ind
1452
1456
1457
1462
1463
1468
1470
1471
1475
1476
1477
1479
1481
1484
1488
1490
1491
1492
1493
1494
1495
1496
1500
1501
1502
1505
1506
1513
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
10853 Apr. 17,1916
4502 Dec. 27,1890
1547 Aug. 26,1865
$25,000
50,000
50,000
$24,750
378,000
2,090,000
6499
8125
8135
9645
10784
10631
6549
13159
6751
4311
8758
7216
1034
5048
11234
Nov.
Feb.
Feb.
Jan.
Sept.
Sept.
Dec.
Dec.
Apr.
Apr.
Apr.
Apr.
Feb.
Apr.
July
19,1902
16,1906
28,1906
10,1910
17,1915
17,1914
12,1902
23,1927
13,1903
26,1890
25,1907
2,1904
13,1865
28,1896
23,1918
60,000
30,000
60, 000
150, 000
50,000
25,000
30,000
500,000
60,000
50,000
25, 000
250,000
100,000
50,000
200,000
162,400
85,200
179,400
242,429
68, 250
51,750
139,800
11501
12873
9821
7311
8848
11905
7789
10494
12820
2375
12222
3000
8041
Oct.
Jan.
June
June
July
Dec.
May
Feb.
Sept.
Nov.
June
May
Jan.
27,1919
11,1926
16,1910
7,1904
25,1907
6,1920
19,1905
17,1914
5,1925
28,1877
10,1922
26,1883
8,1906
50,000
200,000
25,000
25,000
50,000
100,000
25,000
100,000
100,000
100,000
500,000
100,000
50,000
13050 M a r .
9,1927
40,000
99,000
315, 216
47, 250
862, 500
727, 250
234,000
285,000
13, 500
21,500
122, 700
131, 205
61,476
130, 500
131,000
827,000
140,000
146, 500
112,085
Failures
Capital
Receiver
appointed
$25,000 Dec.
100,000 Dec.
300,000 Dec.
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
3,1930
5,1930
8,1930
$24, 520
96, 995
299,980
$24, 520
96, 995
299,980
$51,730
214,000
523,250
$193,204
1, 567,657
1, 671, 709
150,000
40,000
60,000
420,000
50,000
25,000
60,000
500,000
60,000
100,000
25,000
250,000
200,000
100,000
250,000
Dec. 12,1930
do
Dec. 16,1930
do
Dec. 18,1930
Dec. 19,1930
Dec. 23,1930
. _ do
do
Dec. 26,1930
do
Dec. 27,1930
Dec. 30,1930
do
Jan. 3,1931
100,000
40,000
58, 500
194,960
46, 580
9,280
100,000
40,000
58, 500
194,960
46, 580
9,280
35,000
35,000
6,260
236, 380
197,000
6,260
236,380
197,000
84,935
34,026
159,185
696, 759
35,199
39,137
18, 000
362,960
38, 590
29,185
43,000
678,828
79,508
36, 527
337,108
362,750
533,474
791,374
2,474,918
449,850
421,434
87,181
5,996, 970
299,969
256,384
231,184
1, 454,676
1,117,419
329,045
1, 636,678
50,000
200,000
25,000
50,000
50,000
100,000
50,000
100,000
100,000
200,000
500,000
50,000
100,000
Jan. 9,1931
Jan. 9,1931
do__ .- —
Jan. 12,1931
do
-._
do
Jan. 13,1931
do
Jan. 22,1931
do
Jan. 26,1931
Jan. 27,1931
do._
191, 300
24,700
191,300
24,700
151,325
633, 079
170,653
48,915
93,700
48,320
74, 998
19, 460
48, 915
93,700
48, 320
74,998
19, 460
322,962
605, 272
561,673
912, 728
121,516
95,500
12,500
94,660
95, 500
12,500
94,660
39,044
124, 950
9,974
125, 547
44, 310
107,050
74,700
142, 758
8,705
716,994
1, 040,997
24,191
33,499
68, 027
348,777
50,000 Feb.
9,1931
846,655
615,068
269,679
3
o
o
I
o
H
Cj
j
Peoples National Bank, Osceola Mills, Pa
Clinton National Bank, Clinton, M o . .
First National Bank, Connellsville, Pa.i 9
First National Bank, Panama City, 9Fla_
First National Bank, Republic, Pa.
First National Bank, Hartselle, Ala9
First National Bank, Jackson, Miss. _
National Bank of Thurmond, Thurmond, W. Va.
First National Bank, Fairchance, Pa
National Bank of Toronto, Toronto, Ohio
Lincoln National Bank, Avella, Pa
American National Bank, Paris, Tex
Citizens National Bank, Wilmington, Ohio 9
First National Bank, Stone, Ky
Coolville National Bank, Coolville, Ohio
First National Bank, Portage, Pa
Central National Bank, Ellsworth, Kans
First National Bank, Rockwell, Iowa 9
First National Bank, Worthington, W. Va.9_
National Bank of Norton, Norton, Va
First National Bank, Oak Park, 111.9
Austin National Bank, Chicago, 111
Orangeburg National Bank, Orangeburg, S. C.1..
Woodlynne National Bank, Woodlynne, N.9 J.9_.
First-Rempel National Bank, Logan, Ohio
Second National Bank, Altoona, Pa
Monongahela National Bank, Brownsville,
Pa__.
First National Bank, Richwood, Ohio 9_.
First National Bank, Masontown, Pa
Central National
Bank & Trust Co., St. Petersburg, Fla.9
Old National City Bank, Lima, Ohio
National Bank of Kinston, Kinston, N.
C.9
First National Bank, Kinston, N . C.9
Farmers National Bank, Hickory, Pa
Overbrook National Bank, Philadelphia, Pa
Albany Park National Bank & Trust Co., Chicago, 111
Farmers National Bank, Pomeroy, Wash
Citizens National Bank, Odessa, Tex__
First National Bank, Holton, Kans. 9
Iron National Bank, Ironwood, Mich
First National Bank, Smithfield, Pa
McCartney National Bank, Green9 Bay, Wis
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, I1L_.
Inland-Irving National Bank, Chicago, 111
See footnotes at end of table.
11966
7806
2329
10346
10466
8067
3332
8998
8245
8826
7854
8542
8251
11890
8175
7367
3447
1021
10450
9746
11507
10337
10674
12894
7649
2781
648
9199
5441
Mar.
Apr.
Mar.
Feb.
Nov.
Jan.
Mar.
Dec.
Apr.
July
May
Jan.
May
Dec.
Mar.
July
Jan.
June
Apr.
Apr.
Oct.
Feb.
Dec.
Feb.
Jan.
Aug.
Dec.
Jan.
May
23,1921
29.1905
25,1876
26,1913
7,1913
15.1906
14.1885
30.1907
21.1906
30.1907
19,1905
23.1907
2,1906
3,1920
8,1906
18.1904
13.1886
11.1912
14.1913
25,1910
31,1919
7,1913
24.1914
15,1926
24.1905
19,1882
10,1864
24.1908
10,1900
50, 000
50, 000
50, 000
30, 000
25, 000
25, 000
50, 000
50, 000
25, 000
50, 000
25, 000
150, 000
60, 000
50, 000
25, 000
25, 000
50, 000
25, 000
30, 000
25, 000
100, 000
100, 000
100, 000
25, 000
50, 000
100,000
200, 000
25, 000
25, 000
133, 500
435, 000
904, 500
58, 250
124, 500
100, 000
50,000
200, 000
250, 000
50, 000
100, 000
200. 000
50, 000
25, 000
100, 000
100, 000
150, 000
100, 000
50, 000
25, 000
60, 000
100, 000
25, 000
30, 000
50, 000
100, 000
250, 000
200, 000
50, 000
100, 000
125, 000
100, 000
40, 000
100, 000
7796
8701
9044
9085
7405
12573
Apr.
Mar.
Feb.
Feb.
Aug.
July
18,1905
29,1907
14,1908
25,1908
17,1904
1,1924
25, 000
125,000
100, 000
100.000
25,000
300, 000
361,000
370, 667
281, 600
340, 500
61,450
118, 500
300, 000
300, 000
120, 000
125,000
90,000
500,000
Apr. 21,1931
Apr. 29,1931
M a y 1,1931
do
M a y 6,1931
M a y 15,1931
Apr.
July
Mar.
Sept.
Sept.
Jan.
June
May
Oct.
Feb.
June
June
10179 Apr.
13,1920
19,1919
29,1906
27,1883
2,1919
14,1903
30,1892
23,1900
12,1917
8,1875
24,1864
21,1888
18,1912
200,000
105,000
5,000
50,000
130, 700
25,000
324, 700
50,000
96, 000
100,000
25, 000
101, 250
50, 000 1, 036, 584
151,850
25,000
27, 000
25, 000
50, 000
431, 667
447, 575
63, 000
50,000 1, 098, 942
313, 250
100, 000
300,000
50, 000
50, 000
50, 000
100, 000
75, 000
500, 000
75,000
25, 000
125, 000
100,000
600, 000
525, 000
M a y 19,1931
do
do
M a y 23,1931
M a y 26,1931
M a y 27,1931
M a y 29,1931
June 2,1931
do
June 4,1931
June 5,1931
June 9,1931
do
11737
11416
8169
3061
11469
6642
4783
5430
11115
2226
501
3916
14, 500
130, 500
400, 000
313, 950
32, 500
190, 333
724, 500
99, 000
22, 750
102, 000
54, 750
328, 500
171, 500
28, 500
41, 250
100, 475
349, 250
23, 250
30, 900
53, 250
1,000
166, 500
155, 000
Feb. 10,1931
do
Feb. 12,1931
.do.
Feb. 13,1931
Feb. 16,1931
d
Feb. 18,1931
Feb. 26,1931
.do.
M a r . 7,1931
Mar. 9,1931
do
Mar. 17,1931
Mar. 18,1931
Mar. 25,1931
Mar. 30,1931
do
Mar. 31,1931
do
Apr. 1,1931
Apr. 6,1931
Apr. 9,1931
Apr. 11,1931
Apr. 16,1931
.do.
do
Apr. 17,1931
Apr. 18,1931
29, 340
48, 380
29, 340
48, 380
25, 000
90, 220
25, 000
90, 220
48, 500
24, 700
100, 000
24, 700
94, 960
97, 420
9,040
18, 700
25,000
25, 000
18, 270
29. 220
50, 000
48, 500
24, 700
100, 000
24, 700
94, 960
97, 420
9,040
18, 700
25, 000
25, 000
18, 270
29, 220
50, 000
24, 700
24,700
45, 000
104, 000
235, 026
151,943
136, 239
266,860
56, 889
30, 000
165,460
21, 625
279, 703
89, 308
49, 500
47, 728
57, 500
148, 514
12,000
33, 650
74, 245
348, 047
421, 017
672,638
151, 829
447, 841
1, 957, 807
242,459
344, 486
752, 806
849,299
960, 388
566, 471
378, 320
298, 788
749, 845
958, 087
177,137
156, 448
203, 502
395, 788
2,116, 813
47, 780
48,140
98,140
38, 500
98, 800
508,107
498, 39f
56,427
110, 250
724, 809
66, 000
39, 500
285, 031
245. 354
769, 937
2,158, 821
4,454,324
357, 035
1, 631, 948
150,000
24, 340
24,400
24, 635
150, 000
150, 000
24, 340
24, 400
24, 635
150, 000
42, 532
349, 878
180, 931
235. 938
15, 000
753,847
2, 602, 558
2,149, 631
714,382
623, 322
537, 618
2, 528, 547
200, 000
19,460
32, 360
200,000
19,460
32, 360
515,600
91, 750
54, 968
63, 576
24, 294
70, 000
314,479
38,410
55,000
45,100
50, 517
1, 700, 609
132, 744
424,875
403,898
502, 305
448, 347
2, 089,423
296,451
248, 004
933, 649
901,957
7, 521, 346
4,169, 504
47, 780
48,140
98,140
38. 500
98; 800
100, 000
50, 000
249,995
14, 520
5,960
96, 220
100, 000
50, 000
249,995
14, 520
5,960
96, 220
500, 000
296, 760
500, 000
296, 760
o
o
§1
tr1
f
Q
d
to
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, dates of organization and appointment of receivers, to
capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the United
to
States to redeem circulation to Oct. 31, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Manufacturers National Bank & Trust Co.,
Rockfort, 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,9111
First National Bank, Chillicothe, Mo.
Planters National Bank, Saluda, S. C
Waukegan National Bank, Waukegan, 111
Kingwood National Bank, Kingwood, W.9 Va._Citizens National Bank, Jenkintown,
Pa.
First National Bank, Watseka, 111.9
Peoples National
Bank
of
Winston,
WinstonSalem, N. C.9
First National Bank, Morrisonville,8 111.9
First National Bank, Bagley, Iowa
First National Bank, Blisfcfield, Mich.9
First National Bank, Darborn, Mich
First National Bank, Royal Oak, Mich
First National Bank, Begges, Okla.9
First National Bank, Mechanicville, N. Y.9
Boston National Bank, South Boston, Va
Second National Bank, New Hampton, Iowa
Will County National Bank, Joliet, 111
Floyd County National Bank, Floydada, Tex.9_
Third National Bank, New London, Ohio 9
Greenville National Bank, Greenville, 9Mich
First National Bank, Greensboro, Ala.
First National Bank, Beaverdale, Pa
First National Bank, Ripley, N. Yr
Oconto National Bank, Oconto, W is
Union City National Bank, Union City, N. J__.
National Bank of North Hudson at Union City,
N.J
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
3952
7610
12661
11731
9996
9725
3686
10802
10355
6332
12530
1721
Nov. 20,1888
Dec. 27,1904
Feb. 16,1925
M a y 3,1920
Mar. 24,1911
Jan. 31,1910
Jan. 22,1887
Nov. 11,1915
Mar. 7,1913
July 3,1902
Apr. 18,1924
Aug. 27,1870
$125,000
35,000
50,000
200,000
25,000
35,000
50,000
30,000
100, 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
39,250
1,500
439, 764
4292
6745
6995
11813
12989
12657
6868
3171
8414
7607
1882
12692
10101
11843
5693
11317
6386
3541
12749
Mar. 24,1890
Mar. 18,1903
Oct. 5,1903
Aug. 3,1920
Aug. 17,1926
Feb. 26,1925
June 22,1903
Mar. 6,1884
Oct. 10,1906
Jan. 3,1905
Aug. 4,1871
Apr. 18,1925
Sept. 29,1911
Sept. 11,1920
Jan. 15,1901
Mar. 1,1919
Aug. 9,1902
July 15,1886
M a y 22,1925
100,000
25, 000
25,000
60,000
150, 000
100,000
25, 000
50,000
50, 000
50, 000
100,000
50,000
50,000
50,000
25,000
50,000
25, 000
50,000
100,000
296, 500
65,855
62, 500
43,200
9,000
9867 Sept. 19,1910
100,000
40, 500
170, 500
159, 500
246,250
793,000
31,000
52,000
28,000
263,000
39,000
79, 000
197, 700
500,700
Failures
Capital
Receiver
appointed
June 16,1931
do
June 17,1931
June 18,1931
do
CirculaLawful
tion outstanding
money
at date
deposited
. of failure
$19G, 760
47,420
30,000
197,060
9,760
35,000
98,800
$196, 760
47, 420
30,000
197,060
9,760
35,000
98,800
do
250,000 June 23,1931
25,000 June 27,1931
150,000 June 29,1931
250,000
250,000
94,120
48 980
do.... _ . „
do
July 3,1931
do... . . .
do
do.
July 9,1931
do
July 10.1931
July 14,1931
July 15,1931
July 17,1931
July 20,1931
July 21,1931
do
July 28,1931
July 30,1931
Aug. 3,1931
Aug. 6,1931
150, 000
25,000
19,520
58,380
48,200
47, 360
24,280
48, 500
189,440
100. 000
198, 500
94,120
48, 980
150, 000
25, 000
19, 520
58,380
48, 200
47,360
24,280
48, 500
189,440
100,000
198, 500
$500,000
50,000
50,000
200, 000
25,000
100,000
100. 000
ioo; ooo
50,000
150,000
50,000
25,000
60,000
150,000
150,000
25.000
50,000
200,000
100, 000
200,000
50,000
50, 000
50,000
100,000
50,000
25, 000
60, 000
300,000
600,000
J u n e 19,1931
J u n e 22,1931
.do.
do
50,555
50,000
38, 240
48, 320
25, 000
59, 460
50,000
50, 000
38,240
48, 320
25,000
59, 460
140,000
140,000
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$200,055
44,810
10, 000
158, 500
25,651
184,084
62,135
163, 501
35, 650
141,870
24,450
236,123
43, 224
24,404
97,986
75, 660
35, 576
24,997
325,760
214,000
73,538
20, 328
31,850
157, 384
42,000
44, 362
94, 318
70, 000
620,000
Total
deposits
at date of
failure
$4,237,013
574,955
676,110
1,908,707
313,986
928,952
790,465
421,164
2,870,921
201,808
384,791
288, 539
906.141
219,705
128,868
593,860
604,702
743,053
134,380
1,299,051
685,845
684, 980
2. 662,267
' 281,128
237,026
168,085
503,293
522, 701
612,430
884,493
8,128,016
a
o
o
E
a
o
First National Bank, Boyne City, Mich
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 in Mount Vernon,
S. Dak..
First National Bank, Colony, Kans. e _._
United States National Bank, Los Angeles, Calif.
First National Bank, Wauseon, Ohio
Farmers National Bank, Bridgewater, S. D a k . . .
Peoples National Bank, Latrobe, Pa
Queensboro National Bank of the City of New
York, New York, N. Y
The Farmers National Bank, Fairfax, S. Dak.9..
First National Bank, Lyons, Ga
First National Bank, Vidalia, Ga
First National Bank, Westbrook, Minn. 9
First National Bank, El Paso, Tex__
First National Bank at Smithfield, Ohio
National Bank of Defiance, Defiance, Ohio
First National Bank in Alexandria, S. Dak
First National Bank, Eudora, Ark."
Plainview National Bank, Plainview, Tex
Rockaway Beach National Bank, New York, N. Y.
Bank of Pittsburgh National Association, Pittsburgh, Pa
Inkster National Bank, Inkster, Mich
Rogers Park National Bank, Chicago, 111
Commercial National Bank & Trust Co., St.
Joseph, Mich
Alderson National Bank, Alderson, W. Va
Highland National Bank, Pittsburgh,9 Pa
First National Bank, Viborg, S. Dak.
Ogden National Bank, Chicago, 111
First National Bank Fort Mills, S. C.»
First National Bank, Bode, Iowa
First National Bank, Hagerstown, Md
First National Bank, Reed City, Mich
Peoples National Bank, Pulaski, 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, Smithyille, Tex. 9 .
_.
Calumet National Bank, Chicago, 111
First National Bank, Colville, Wash. 9
Peoples National Bank, Point Marion, Pa
Planters & Merchants First National Bank,
South Boston, Va
FirstNational Bank, Carterville, 111.9
See footnotes at end of table.
9020 Jan. 15,1908
Aug. 28,1884
50,000
100,000
37, 500
582, 074
273, 600
50,000 Aug. 7,1931
100,000 Aug. 10,1931
5037
12350
13497
13282
11531
7632
7091
7426
5744
Feb.
Apr.
Oct.
Feb.
Nov.
Feb.
Oct.
Sept.
Jan.
1,1896
2,1923
11,1930
8,1929
7,1919
11,1905
22,1903
28,1904
14,1901
60,000
500,000
50,000
25, 000
25,000
200,000
25,000
25,000
100,000
12398
13302
7979
9879
6412
2532
13171
13457
12611
12813
9802
12252
June
Mar.
Aug.
June
July
May
Jan.
Apr.
Oct.
Aug.
June
June
11.1923
9,1929
30,1905
21,1910
15,1902
25,1881
17,1928
16; 1930
18.1924
15.1925
15,1910
21,1922
52,000
200,000
200, 000 Aug. 26,1931
25, 000
25, 000
do ,
25,000
38, 500
25, 000 Sept. 3,1931
35, 000
63, 000
35, 000
do
25,000
64, 250
30, 000 Sept. 4,1931
50, 000 2, 614, 000 1, 000,000 . do
50,000
50, 000 Sept. 10,1931
150, 000
150, 000
do. .
50,000
4,000
50, 000 Sept. 11,1931
40,000
10,400
40,000 Sept. 12,1931
100, 000
92, 240
125, 000 Sept. 16,1931
200, 000
40, 000
200, 000 Sept. 19,1931
5225 Oct. 3,1899
12878 Dec. 16,1925
10305 Dec. 16,1912
100,000
500,000
50,000
2,500
25,000
12, 000
25, 000
740,000 1,000, 000
104, 750
50,000
55,000
25, 000
211,000
200,000
1, 200, 000 11,520,000
25,000
50, 000
161,500
do
Aug. 11,1931
Aug. 12,1931
do
Aug. 14,1931
Aug. 18,1931
Aug. 22,1931
Aug. 24,1931
do
3, 000, 000 Sept. 21,1931
25, 000 Sept. 23,1931
100, 000 Sept. 24,1931
50,000
96, 040
50,000
96,040
100,000
100,000
463,883
497, 746
25,000
25,000
275,000
500,000
29,837
40,806
43,125
50, 000
6,500
98,495
50,000
6,500
98,495
52,100
22,957
145,000
~~~~434,~l78
124,769
83,147
7, 798,942
551,688
247,707
2,477,973
24, 640
25,000
34,860
25,000
700,000
49,700
150,000
24,640
25,000
34,860
25,000
700,000
49, 700
150,000
20,000
20,000
300,000
42,899
48, 501
99,903
42,770
895, 675
38,000
213,863
40,401
68,710
189,786
402, 500
1,982, 752
120,105
106, 533
236, 354
316, 254
7,623,905
274,677
1,115, 874
389,434
163,379
1, 671, 786
1, 757,118
7, 647, 325
50,000
50,000
328,178
43, 611,807
247,338
893,508
147,360
12,137
196,820
147,360
12,137
196,820
40,666
6, 250
148,080
50, 000
40,000
6,250
148,080
50,000
388, 700
25,000
50, 000
50,319
78,121
83, 015
8,287
451,318
68,482
112,000
74, 280
74, 280
5594 Sept. 15,1900
9523 July 19,1909
12414 July 16,1923
Dec. 6,1915
12480 Nov. 24,1923
9941 Feb. 21,1911
10371 Mar. 29,1913
1431 May 2,1865
4413 Aug. 26,1890
10788 Sept. 6,1915
8985 Jan. 2,1908
1785 Nov. 23,1870
12731 Jan. 28,1925
1465 June 26,1865
7041 Nov. 11,1903
3102 Dec. 20,1883
8104 Feb. 3,1906
9503 June 18,1909
50,000
25,000
200, 000
40,000
200,000
25,000
25, 000
69,070
50,000
50,000
25,000
75,000
100,000
100,000
25,000
50,000
25, 000
50, 000
210, 500
40,750
123,000
35, 500
67,000
53,80C
12, 750
959,000
308, 732
33,500
65, 250
633, 625
71,000
910, 500
105, 250
593, 500
83, 700
36,000
200, 000
25, 000
200, 000
40, 000
200, 000
40, 000
25, 000
150,000
100,000
50,000
50,000
125,000
50, 000
200,000
50, 000
400,000
60, 000
50, 000
Oct. 8,1931
_ do
23, 320
99, 520
58,140
49, 400
8643 Mar. 15,1907
7889 Aug. 10,1905
100,000
50,000
237, 750
83, 000
125, 000 Oct. 10,1931
50, 000
do
97,120
50, 000
Sept. 28,1931
do
do
Oct. 1,1931
do
Oct. 1,1931
do
Oct. 5,1931
do.
do
do
Oct. 6,1931
do
do .
Oct. 7,1931
51,826
2,840,127
23, 320
99, 520
58,140
49, 400
228, 538
87,033
120,094
10,000
482,691
80,918
44, 650
2, 720,900
476,530
4,007,474
292, 267
498,397
214,181
87,412
2, 317,176
1,184, 725
548,207
477,839
1, 219, 269
141,119
1,025,009
238,999
2, 299, 269
651,861
373, 559
97,120
50, 000
344,299
62,000
1,366,935
287,441
O
W
O
o
1-3
H
3
Q
l
to
CO
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, 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
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
to
Total
deposits
at date of
failure
O
H
N a t i o n a l B a n k of F a y e t t e C o u n t y , U n i o n t o w n
Pa
M o s h a n n o n N a t i o n a l B a n k , Philipsburg, P a
N a t i o n a l M o h a w k Valley B a n k , M o h a w k , N . Y .
Farmers National B a n k , Leechburg, P a
M a i n e Line National B a n k , W a y n e , P a
First National B a n k , Hastings, N e b r
First N a t i o n a l B a n k , Belington, W . Va
First National B a n k , Fairview, W . Va. 9
First N a t i o n a l B a n k , Fort Stockton, Tex
First N a t i o n a l B a n k , Chase City, Va
Citizens N a t i o n a l B a n k , Vandergrift, P a
First National B a n k , A u b u r n , N e b r 9
F a r m e r s & M e r c h a n t s N a t i o n a l B a n k , Webster,
S. D a k
H o u s t o n N a t i o n a l B a n k , D o t h a n , Ala. 9
First N a t i o n a l B a n k , Stewartville, M i n n . 9
G a r y National B a n k , Gary, W . Va
First National B a n k , Anawalt, W . Va
First National B a n k , Brunswick, M o . 9
First National B a n k , Isanti, M i n n . 9
First N a t i o n a l B a n k in Versailles, M o . 9
West Side Atlas National B a n k , Chicago, 111
First National B a n k , Elizabethton, T e n n
W e s t m o n t National B a n k , W e s t m o n t , N . J
First National B a n k , Roxboro, N . C
First National B a n k , Erie, 111
Belvidere National B a n k , Belvidere, N . J. 9
L y o n C o u n t y N a t i o n a l B a n k , Rock R a p i d s ,
Iowa. 9
First N a t i o n a l B a n k , Cowen, W . Va
First N a t i o n a l B a n k , Lake C i t y , Iowa. 9
First N a t i o n a l B a n k , T u r k e y , Tex. 9
First N a t i o n a l B a n k , B a l d w i n P a r k , Calif
C i t y N a t i o n a l B a n k . H e r r i n . Ill
681
5066
1130
9290
12504
2528
6619
10219
9848
9291
7816
3343
Dec.
May
Apr.
Sept.
Jan.
May
Feb.
June
Aug.
June
May
May
19,1864
3,1897
3,1865
14,1908
22,1924
23,1881
4,1903
8,1912
12,1910
23,1908
22,1905
12,1885
$65,000 $1,663,900
50,000
417, 000
150,000
555,750
50,000
72, 000
50,000
3,125
60,000 1, 447,240
30,000
57, 600
30,000
28, 500
25,000
11,000
50,000
179, 000
50,000
167, 500
50,000
276, 000
$500,000 Oct. 12,1931
150,000
do
100,000
.,do_.
50, 000
..do..
_do_.
50,000
200, 000 Oct. 13,1931
do
40,000
do
30, 000
50,000
do
.do
100, 000
do
125,000
do
50,000
$200,000
148, 320
96,940
48,800
8559
7932
5330
13505
10392
4083
10554
13367
11009
9558
12519
11211
6951
1096
Oct.
Sept.
Apr.
Dec.
May
July
June
Aug.
May
Aug.
Mar.
July
July
Apr.
27,1906
22,1905
11,1900
3,1930
2,1913
81889
1,1914
5,1929
,
5,1917
31,1909
311909
11,1924
10,1918
28,1903
10,1865
25,000
44,000
50,000
272,000
25,000
130, 500
100,000
25,000
91, 000
50,000
88, 250
25,000
25, 750
30,000
200,000
168,000
25,000
114, 750
25,000
3,750
50,000
76,100
25,000
180, 500
200,000 1, 459,000
50,000 Oct. 15,1931
do
150,000
do
50, 000
100,000
do
50, 000
do
50,000 Oct. 16,1931
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
47,180
24, 640
12, 500
24, 700
30, 000
196, 820
50, 000
49, 040
122, 737
24,640
47,180
24, 640
12, 500
24, 700
30, 000
196,820
50; 000
38,920
38, 920
7089
10559
4966
11138
10685
8670
Dec.
May
June
Jan.
Dec.
ADr.
15,1903
19,1914
21,1894
16,1918
30,1914
24.1907
224,000
75,000 Oct. 20,1931
25, 000
do
50,000 Oct. 22,1931
25, 000
do
35, 000
do
50. 000
do
74, 280
74, 280
48,800
48,800
'"49." 280
"~49.~280
75,000
25,000
50,000
25,000
25,000
50.000
147, 875
19, 955
44, 800
75. 500
147, 900
39,340
29, 460
24, 340
50,000
26, 960
49,338
$200,000 $1,107, 500
148, 320
95,750
96,940
174, 828
19,525
48,800
149, 484
456, 823
147, 900
37, 246
39,340
10, 000
29, 460
50,000
24,340
194, 216
50, 000
114,871
26, 960
76, 902
49, 338
$8, 931,863
1, 351, 249
902,789
584, 676
641, 322
1, 563,970
333, 548
285, 431
397,974
453, 412
1,239, 841
239,051
209,895
10, 000
105, 865
3,700
82, 276
36, 041
24,850
434,733
211, 774
13, 455
236, 985
45, 845
60, 000
520, 567
501,020
470, 719
560,275
192,873
209, 239
200, 036
228,482
1, 350, 284
1,061,410
367,017
285, 371
516,122
1, 841,833
70, 000
5,650
16, 707
93, 718
29, 247
94. 350
1,065,798
89, 084
321, 573
41,461
231, 514
711. 721
o
o
o
H
W
d
a
Citizens National Bank, Prosperity, S. C.9
First National Bank, Newark, N . Y
Exchange National Bank, Pittsburgh, Pa
Citizens National Bank, Kokomo, Ind
Commercial National Bank, Eufaula, Ala.9
First National Bank, Graceville, Fla
City National Bank, Paducah, K y
First National Bank, Cardington, Ohio 9
First National Bank, North Rose, N . Y.
National Bank of Albion, Albion, 111
Monongahela National Bank, Pittsburgh, Pa
Citizens National Bank, Phillippi, W. Va
First National Bank, Buchanan, Mich
First National Bank, Newburg, W. Va
First National Bank, Sycamore, 111
Security National Bank, Paducah, Tex. e
Citizens National Bank, Seward, P a
Hutchings First National Bank, Siloam Springs,
Ark.»
First National Bank, Alliance, Nebr
First National Bank, Somerfield, Pa 9
Citizens National Bank, Sedalia, Mo.
First National Bank, Hoquiam, Wash
First National Bank, St. Thomas, N . Dak
First National Bank, Belle Fourche, S. Dak
First National Bank & Trust Co., Monessen, PaFirst 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.9
First National Bank, Marceline, 9Mo. 9
First National Bank, Noble, 111.
American National Bank, Dayton, Tenn
First National Bank of Custer City, Custer,
S. Dak
First National Bank, Steamboat Springs,
Colo__
First National Bank, Tilden, Nebr. 9
Second National Bank, Brownsville, Pa. 1
First National Bank, Houtzdale, Pa
First National Bank, Corinth, Miss
Norfolk National Bank, Norfolk, Nebr
First National Bank & Trust Co., Woodbridge,
N. J
Twin Falls National B ank, Twin Falls, 9Idaho 9 .
Hopewell National Bank, Hopewell, Pa.
First National Bank in Gulfport, Miss
First National Bank, West Frankfort, 111
First National Bank, Christopher, 111
See footnotes at end of table.
12774
349
1057
4121
5024
7423
2093
127
10016
13449
3874
6377
3925
7626
1896
12748
13011
29,1925
2.1864
8.1865
22,1889
3,1895
26,1904
14,1873
15,1863
7,1911
4,1930
9,1888
26,1902
10,1888
23.1925
15,1871
8,1925
18.1926
Nov.
Dec.
Aug.
Aug.
Sept.
Mar.
65&1 Dec.
5253 Dec.
3084 Oct.
29,1930
19,1889
10,1907
9,1872
22,1890
7,1891
8,1902
14,1899
3,1883
50, 000
502,000
50, 000
39, 750
25, 000
759, 000
100, 000
50,000 1, 244,000
49,000
50, 000
50,000
25,000
236,900
50, 000
230,000
855,200
50,000
100, 000
25, 000
100, 000
300,000
25,000
25,000
160,000
250,000
do
Nov. 3,1931
Nov. 5,1931
Nov. 6,1931
do.
do
Nov. 6,1931
do
Nov. 11,1931
13506
4226
8901
1971
4427
4550
50,000
50, 000
1, 000, 000
100, 000
70, 000
25,000
200, 000
50,000
25, 000
50, 000
250, 000
40,000
50, 000
25, 000
50,000
50,000
25,000
12, 000
50,000
594, 000
150, 000 Oct. 23,1931
d
6, 643, 250
750, 000
897,825
350, 000 __._do
422,800
150, 000 Oct. 27,1931
73,625
35,000
1, 299,382
300, 000 Oct. 28,1931
432,400
60, 000 Oct. 29,1931
do
45,000
50,000
do
2,000
50,000
do
4, 250,000 1, 000, 000
136,350
50, 000 Oct. 30,1931
do
201,000
50,000
do
42,000
25, 000
628,909
175, 000 Oct. 31,1931
22, 500
50,000 Nov. 2,1931
do
2,500
25,000
May
Mar.
Apr.
Feb.
Sept.
Sept.
Jan.
Oct.
Apr.
Apr.
Apr.
June
Sept.
Jan.
Sept.
May
Oct.
150,000
145, 920
742, 980 1, 697,301
263,858
58,672
98, 320
10,169
34,340
300,000 1,022,100
5,606
60, 000
69, 000
25, 000
116, 500
386,860 4, 784, 500
134,484
39,400
55, 000
48, 740
24,460
27,904
104,891
175,000
123,821
20,000
167,497
2,060, 550
4, 264,123
2,966, 246
139, 309
148,401
4,487,975
207, 666
421, 713
560, 349
8,857,684
651, 330
499,875
276,082
1, 387,452
386,856
70,141
17,960
49,158
24,160
98, 258
294,000
25, 000
6,330
143, 760
246, 340
17,960
49,158
24,160
98, 258
294,000
25, 000
6,320
143, 760
246, 340
125,400
579,106
15, 200
93, 200
31,592
29, 000
167,408
87,980
364,474
1,623, 327
210, 794
1, 925, 817
1,800,002
174,052
503,421
2,401,668
4,9(01,206
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
400,974
198,776
35,008
29,500
34,100
139, 560
1, 272,890
280, 248
1,990,228
433,137
161,265
248,829
151,753
456, 719
10, 944
44,302
24,465
195,
150,000
299,058
42,798
155, 284
431, 589
181,547
145,920
742, 980
98, 320
34,340
300, 000
60,000
25, 000
386,860
39,400
48, 740
24,460
175, 000
7668
12279
2458
7870
10169
7066
9527
7579
Mar.
Oct.
Feb.
Aug.
Mar.
Nov.
July
Jan.
18,1905
26,19_22
11,1880
8,1905
21,19^2
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
17,87r
180,000
200,000
_do_
50,000
_do_
100, 000
_do_
200. 000
do.
50,000 Nov. 12,1931
25,000 Nov. 13,1931
25, 000 Nov. 14,1931
25,000
d
4448
6454
9217
267:
669i
9094
3347
Sept.
Sept.
Aug.
Apr.
Mar.
Feb.
May
27,1890
12,1902
3,1908
11,1882
21,1903
27,1908
13,1885
50,000
25,000
50,000
56,000
50,000
100,000
60,000
27, 500
39,750
112,250
379,675
329, 500
206,000
406,000
25,000 Nov. 17,1931
25, COO
do
50,000
.do.
125,000 Nov. 30,1931
125, 000
.do.
100,000
do.
100,000 Dec. 2,1931
10,000
20,000
10,000
20,000
12, 700
33,980
100,000
12, 700
33,980
100,000
8299
11274
9638
13553
7673
8260
June
Oct.
Oct.
June
Feb.
May
12,1906
28,1918
13,1909
5,1931
28,1905
12,1906
25,000
150,000
25,000
400,000
25,000
25,000
93,097
4,500
25, 250
150,000
do
150,000
do.
25,000 Dec. 3,1931
400, 000
do
25,000 Dec. 7,1931
60,000
do
100,000
49, 280
17, 500
246,100
24,998
58, 200
100, 000
49, 280
17, 500
246,100
24,998
58, 200
98,000
196,296
200,000
56,032
484,213
40,000
46, 500
8
w
Q
O
o
F
d
1,005,048
970,948
856,635
1, 543, 721
241,348
222,415
3,050,178
965, 518
841,288
to
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Ithaca National Bank, Ithaca, Mich
Citizens National Bank & Trust Co., Terre
Haute, Ind
First National Bank, Glen Campbell,
Pa
Peoples National Bank, Lodi, Ohio 9
Citizens National Bank, Ellwood City, Pa
First National Bank, Geneva, Ohio
First National Bank, Washington, 9N. C
First National Bank, Chaflee, Mo.
Nogales National Bank, Nogales, Ariz
First National Bank in Aberdeen, Wash
First National Bank, Twin Falls, Idaho
West Point National Bank, West Point,9 Nebr__.
First National Bank, Dougherty, Iowa
Federal National Bank, Boston, Mass
First National Bank, Momence, HI
Gillespie National Bank, Gillespie, 111
Commercial National Bank, Raleigh, N. C
First National Bank, Chardon, Ohio i •
Boston-Continental National Bank, Boston,
Mass
First National Bank, Louisburg, N.9 C.9
First National Bank, Venice, Calif.
First National Bank, Idaho Springs, Colo
State National Bank in Lynn, Mass...
_.
Marion National Bank, Marion, Ohio
First National Bank, Kelso, Wash.»
American National Bank & Trust Co., Benton
Harbor, Mich
First National Bank, Fredericktown, Ohio 9
National Bank of Seymour, Seymour, Iowa 9
Itasca National Bank, Itasca, Tex
First National Bank, Cambridge, I1U
Creighton National Bank, Creighton, Nebr
Farmers &Merchants National Bank, Enterprise Ala.
Charter
No.
Date
Oct. 10,1902
Capital
Total
dividends
paid during existence as a
national
banking
association
$25,000
$57,100
11,1895
19,1911
15,1917
22.1920
14,1905
9,1885
30,1900
19.1923
14,1903
24,1905
15,1908
14,1891
200,000
50,000
50,000
100,000
60,000
50,000
25,000
50,000
100,000
25,000
50,000
25,000
1,500,000
50,000
50,000
100,000
50,000
30,000
247,000
43,500
59,000
229,000
269,500
80, 250
47,000
54, 500
241, 000
Dec.
Jan.
Jan.
May
Apr.
June
Feb.
21,1920
6,1905
3,1912
19,1883
16,1923
12,1902
1,1907
Feb.
Nov.
Sept.
Mar.
June
June
July
5,1912
22,1900
2,1930
15,1901
17,1881
27,1907
2,1913
13224
5204
10677
11570
153
4997
9928
11012
11751
7608
3340
5576
12336
7079
7903
9067
4671
July
Apr.
Nov.
Dec.
June
Apr.
Jan.
May
May
Jan.
May
July
Mar.
Dec.
July
Feb.
Dec.
11903
7554
10233
2962
12362
6308
8639
10143
5640
13495
5749
2540
8797
10421
24,1928
8,1899
12,1914
19.1919
6,1863
Failures
Capital
Receiver
appointed
$25,000 Dec.
7,1931
293,000
45, 750
410,081
106,500
102,000
770,000
205, 000
200,000
100,000
50,000
100,000
50,000
100,000
50,000
50,000
150,000
100,000
50,000
25,000
2,005, 585
50,000
75,000
600,000
100,000
do
do
Dec. 8,1931
.do
Dec. 9,1931
Dec. 11,1931
.....do
do
do
Dec. 12,1931
Dec. 14,1931
.do
Dec. 15,1931
Dec. 17,1931
Dec. 19,1931
—.do
Dec. 22,1931
200,000
25,000
50,000
50,000
200,000
200,000
25,000
152, 750
62, 500
7,359
292,500
65,000
408,000
122,000
1,000,000
50,000
50,000
50,000
200,000
200,000
100,000
....do
....do
Dec. 23,1931
100,000
25,000
25,000
30,000
50,000
25,000
50,000
339,000
23, 750
200, 000
25,000
25,000
60,000
50,000
25,000
150,000
155,400
247,145
24, 750
164,500
Lawful
money
deposited
$25,000
98,620
36, 600
93,160
48, 680
97, 660
39, 040
48, 860
97, 660
Circulation outstanding
at date
of failure
$25,000
98,620
36, 600
93,160
48,680
97, 660
39,040
48, 860
97,660
49,'
49,998
12, 500
12,500
1, 500,000 1, 500,000
24, 7S0
24, 760
75,000
75, 000
171,000
171, 000
894, 520
49,460
15,000
894, 520
49, 460
15,000
Dec. 24,1931
Dec. 29,1931
196,100
24, 280
196,100
24, 280
....do.
Dec. 30,1931
do.
Jan. 2,1932
Jan. 8,1932
Jan. 9,1932
Jan. 11,1932
197,420
25,000
197,420
25,000
.—do.
do
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
59,100
59,100
~'6,070
~~6~ 070
Total
deposits
at date of
failure
to
3
3
$521,939 •>
$92,377
62,058
68,834
54,130
76,000
263, 061
15,100
84, 507
133,656
131,953
268, 093
38,473
1,665, 386
55,000
181,817
1,098, 741
50, 000
1,145,060
28,000
44, 700
122, 336
311, 773
14,000
420, 500
21, 730
10,350
56, 776
196,991
42,888
371,109
1,146,413
466,999
597,358
693,076
491,828
255,718
410,584
1,452,512
907,985
646, 287
190,940
24, 452,825
489, 703
1,130,403
3,653,385
5,489,940
228,621
223,113
137,336
2,061,948
1, 009,200
432,657
1,692,239
173, 275
152,991
138,533
105,405
384,648
O
o
H
M
o
I
Q
First National Bank, Farmer, S. Dak.*»
Walnut Park National Bank, Walnut Park, Calif.
First National Bank in Florence, S. C
Vandeventer National Bank, St. Louis, Mo.9
Bishopville National Bank, Bishopville, S. C.K.
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
.._
Farmers National Bank, Granville, N. Y 9
National Bank of Sabetha, Sabetha,
Kans.
9
Home National Bank, Elgin, 111.
Oskaloosa National Bank, Oskaloosa, Iowa
Citizens National Bank, Long Branch, N. J
Valparaiso National Bank, Valparaiso, Ind.9
First National Bank in Mount Olive, 111
Bozeman Waters
First National Bank, Poseyville, Ind.9
Corinth National Bank, Corinth, N. Y.9
Citizens National Bank, Albion, N. Y
National Bank of Adrian, Adrian, Mo.9
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._
First National Bank, Arcadia, Fla
Elkin National Bank, Elkin, N. C.9.
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.i9
First National Bank, Hiawatha, Kans.
Trigg National Bank, Glasgow, Ky
Bell National Bank, Pineville, Ky
First National Bank, Murfreesboro, Tenn
First National Bank, Harvey, 111
Cumberland National Bank, Fayetteville, N. C.
Peoples National Bank, Clinton, Mo...
_.
Hopedale National Bank, Hopedale, 111.9
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
See footnotes at end of table.
11456
12572
12799
13270
10872
10905
12985
Aug.
Aug.
June
Dec.
May
Aug.
Aug.
30,1919
6,1924
26,1925
31,1928
16,1916
15,1916
23,1926
25,000
50,000
100,000
250,000
75, 000
25,000
25, 000
8199
10336
13248
3154
4626
2016
241
6038
6215
13452
Apr.
Feb.
Oct.
Mar.
Aug.
July
Mar.
Nov.
Mar.
Apr.
2,1906
2,1913
10,1928
20,1884
28,1891
3,1872
6,1879
20,1901
6,1902
2,1930
100, 000
100,000
100,000
50,000
60, 000
100,000
50, 000
100,000
100,000
50,000
13503
6479
4998
12413
5575
12242
18
11732
12773
5534
5673
5403
2287
8426
291
2589
5486
7215
1692
8667
13168
8509
9398
11934
Nov. 7,1930
Oct. 13,1902
May 2,1895
July 9.1923
Sept. 4,1900
7,1922
Jan.
June 12,1882
May 24.1920
Dec. 2.1924
June 15,1900
Dec. 19,1900
Apr. 20,1900
July 19,1875
Sept. 29.1906
Feb. 4,1892
9,1906
Oct.
Dec. 30,1863
Nov. 12,1881
June 25,1900
Mar. 28,1904
Feb. 27,1869
Mar. 11.1907
Jan. 12,1928
Dec. 31,1906
Apr. 1,1909
Jan. 25.1921
50,000
25, 000
121,100
50,000
400,500
25,000
25,000
111,350
50,000
4,500
100, 000
457,000
25,000
17, 750
100,000
10,000
30,000
179,000
25,000
95, 500
25,000
162,025
50,000
543, 500
50,000
151, 500
50,000
204,000
25,000
582, 500
300,000 2,408, 500
50,000
213,000
50,000
249,063
25,000
127,250
100,000 1,133,400
50,000
118, 250
150,000
36,000
50,000
76,000
50,000
85,250
25,000
16, 500
do
50,000
do
._
35,000
200, 000 Jan. 21,1932
do
25, 000
do.
50,000
50,000 Jan. 22,1932
.do.
100,000
100,000 Jan. 23.1932
do
100,000
100,000 Jan. 26,1932
.do.
500,00
100,000
..do..
100,000
.do.,
.do100,000
100,000 Jan. 27,1932
do
250,600
500,000 Jan. 28,1932
do_.
55,000
do...
75,000
do
100,000
200,000 Feb. 1,1932
.do..
100,000
150,000 . . . . . d o
50,000 Feb. 2,1932
.do.
50,000
50,000
do
12667
12343
9201
12354
Dec.
Mar.
June
Mar.
200,000
200,000
50,000
25,000
200,000 . . . . d o
200,000 Feb. 3,1932
do
50,000
25,000
27,1924
30,1923
6,1908
17,1923
79,500
50,000
18, 750
16, 250
1,500
361, 096
262, 000
250, 700
279, 300
825, 500
444, 500
437,000
337,000
103,000
120,000
do
25,000
100,000 . . . . . d o
100, 000
do
250,000
do
75,000 Jan. 12,1932
25, 000
do
._.
25,000 Jan. 13,1932
400, 000 Jan. 18,1932
200, 000
do
100, 000 Jan. 18,1932
do
100,000
.do.
60,000
150,000 Jan. 20,1932
do
.
100, 000
150, 000
do
150, 000
do
50,000
do
384,460
200,000
384,460
200,000
97, 540
59, 280
114,100
97, 540
59,280
114,100
98, 435
48, 380
48, 680
19,460
49,280
98, 435
48,380
48, 680
19, 460
49, 280
49, 460
9,520
98., 020
95,260
49, 460
9,520
98,020
95, 260
69,280
24,700
24,040
95,800
47,900
98,740
244, 240
415,220
54, 220
71,880
95, 980
86, 540
48,800
24, 700
24,040
95,800
47,900
98, 740
244, 240
415, 220
54, 220
71,880
95, 980
86, 540
49,280
23,980
15,000
49,280
23, S80
15,000
191, 960
176,960
191, 960
176, 960
25,000
99,265
170,989
324,532
46,689
24,845
19,261
39,117
1,123,550
820, 272
1,196,262
232,987
137,405
90,211
369,483
326,033
25,300
389, 315
98,865
237,827
171,928
419,600
54,745
50,647
2, 569,503
760,770
625, 344
1,173,449
503, 713
1,290, 646
1, 382, 759
1/478,736
653,645
419,379
82,937
425,207
1, 555,411
3,190,726
43,671
402,464
295,459
880, 545
814,166
872, 922
455,690
455,625
1,429,061
961,039
940,379
620,019
2, 703,458
780,883
30,633
53,079
163,075
197,692
30,000
159, 904
138,715
104,248
345,139
75,000
285,600
20,000
875,000
500,000
70,136
161,300
24,500
352,866
112,970
304,652
20,434
33,191
331,989
591,789
464,511
1,049, 518
879,016
1,046,755
281,040
112,748
128, 593
115,000
114,210
43,002
91,999
4,842,072
479, 662
202,108
2
W
o
o
3
d
3
9
to
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
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, 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, Ind
First National Bank, Shelbyville, Ind
Rockford National Bank, Rockford, 111
First National Bank, Mendota, 111
Mendota National Bank, Mendota, 111
Sedalia National Bank, Sedalia, Mo.9
National Bank of De Pere, De Pere, Wis
Wayne National Bank, Goldsboro, N. C
First National Bank, Pittsburg, Kans
First National Bank, Newport Beach, Calif.9
Seaside National Bank, Long Beach, Calif
Pioneer National Bank, Waterloo, Iowa
John Weedman National Bank, Farmer City, 111.9.
First National Bank, Le Roy, 111
First National Bank, Foosland, 111.9
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
Peoples National Bank, Pitcairn, Pa
_._
First National Bank, Trafford, Pa
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
to
00
Total
deposits
at date of
failure
w
13215 May 1,1928
5652 Nov. 10,1900
11672
8867
12807
634J
6603
12061
12183
4520
4568
11094
1263
1816
1177
508C
4392
6469
10614
3463
10702
12819
5120
3407
6586
11299
5705
7908
3763
262
5848
11892
6962
Mar.
July
Aug.
June
Jan.
Nov.
Apr.
Oct.
Mar.
Dec.
May
Mar.
Feb.
July
July
Oct.
Sept.
Feb.
Jan.
Aug.
Apr.
Oct.
Jan.
Jan.
Jan.
Aug.
July
Nov.
May
Dec.
May
23,1920
23,1907
3,1925
27.1902
8,1903
3,1921
14,1922
29.1890
23.1891
11,1916
2,1865
8,1871
13,1865
14.1897
10,1890
6,1902
11,1914
8,1888
8,1915
29,1925
12.1898
26,1885
10.1903
10,1919
31,1901
31,1905
16,1887
21,1863
20,1901
1,1920
11,1903
$100,000
50,000
100,000
25,000
50,000
100,000
30,000
25,000
25,000
100,000
50,000
100,000
65,000
100,000
65,000
50,000
100,000
50,000
325,000
50,000
25,000
300,000
100,000
50,000
50,000
25,000
50,000
25,000
50,000
50,000
25,000
75,000
50,000
$313, 500
$100,000 Feb. 3,1932
do
125,000
54,000
100,000
do
40,000 Feb. 6,1932
49, 200
50,000
2,000
do
do.
223, 500
100,000
30,000 Feb. 9,1932
95,400
do
22,000
25,00C
6,000
do
25,00C
1,084, 500
700,000 Feb. 10,1932
do
1, 402,000 1,000,000
127, 500
150,00G
do
862,750
do
100,000
2, 044, 000
750,000 Feb. 12,1932
do
762, 856
100, 000
234, 500
do
100,000
267, 500
100,000 Feb. 15,1932
205,000
100,000 Feb. 16,1932
461, 500
325,000 Feb. 17,1932
356, 785
do
100,000
15, 500
25, 000
do
300,000
692, 900
200,000 Feb. 18,1932
363, 320
75,000 Feb. 19,1932
do
116,000
50,000
do
2,750
25,000
166, 300
50,000 Feb. 20,1932
23,000
25,000 Feb. 23,1932
248, 500
50,000 Feb. 26,1932
300, 000 Feb. 27,1932
1,179, 723
M a r . 2,1932
100,000
226,125
do
75,000
18,000
30,000
18, 900
do...:._..
$94, 900
$94,900
$230, 274
130, 780
$228, 721
1,828,063
48,!
6,250
48,860
6,250
97, 780
29, 397
25,000
25,000
97,180
474,140
93, 220
69, 280
199, 980
48, 800
12, 320
100,000
100,000
177, 320
96,337
97,780
29,397
25,000
25,000
97,180
474,140
93, 220
69, 280
199,980
48, 800
12, 320
100,000
100, 000
177,320
96,337
97,900
196,940
71, 280
48, 560
97, 900
196,940
71, 280
48, 560
60, 250
75,000
35,000
192,110 1
70, 815
66, 438
62,173
1,035,956
2, 307, 509
136,115
91,146
601, 501!
50, 980
73, 625
70,0001
27.000 i
513, 675
86, 755
18,8751
175, 577
842,904
19.0001
40, 262
49, 340
49, 340
12, 200
98,080
23, 860
23, 800
28,860
12, 200
98, 080
23, 860
23, 800
957,619
853,133
440, 249
578,054
625,303
411,215
259, 249
3, 512, 518
3,892,564
882,274
496, 588
4,450,746
438, 364
696, 739
472,862
612,864
1, 538,103
1,425,067
197,349
975,185
1,874,209
354, 993
183,331
121,462
287,205
318, 286
885,193
1, 661,595
803, 720
383,801
466,618
72,143
7, 250
65,611
727,05ll
69, 500
116,781
55, 500
O
O
o
First National Bank, Bardwell, Ky.99
First National Bank, Hamilton, 111.9
First National Bank, Hartwell, Ga.
City National Bank, Knoxville, Tenn.i
First National Bank of Bay Point, Port Chicago,
C
l
i
f
s
:
First National Bank, Alva, Okla
Security National Bank, Fairfield, Idaho 9
National Bank of Commerce, Garnett, Kans
Merchants National Bank, Brownsville,
Tex
First National Bank, Fairfax, Okla.9
Forest City National Bank, Rockford, 9111
First National Bank, Highland, Kans.
Bayard National Bank, Bayard, W. Va
First National Bank in Driggs, Idaho 9
Citizens National Bank & Trust Co., Hornell,
N. Y
Douglass National Bank of Chicago, Chicago, 111.
United States National Bank, La Grande, Oreg.199 .
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 9
First National Bank, Hartington, Nebr
First National Bank, Crofton, Nebr.s*
Baraga County National Bank, L'Anse,
Mich...
Liberty National Bank, Waco, Tex. 19
First National Bank, Beverly Hills, 9Calif.
National Bank of Holla, Holla, Mo.
First National Bank, Jayton, Tex.9
Washington National Bank, New York, N. Y__.
First National Bank, Sutersville, Pa
First National Bank, Rock Falls, 111
Leominster National Bank, Leominster,
Mass__.
First National Bank, Sheffield, Iowa 9
Henderson National Bank, Henderson, Ky
New Jersey National Bank & Trust Co., Newark,
N. J
Holston National Bank, Elizabethton, Tenn. 1 ...
Alliance National Bank, Chicago, 111
First National Bank, Whitesburg, Ky
First National Bank, Etowah, Tenn
Bowmanville National Bank, Chicago, 1119
Boonville National Bank, Boonville, Mo.
Hurley National Bank, Hurley, Wis
First American National Bank & Trust Co.,
Berwyn, 111
Columbia
National Bank, Columbia Heights,
Minn. 9
See footnotes at end of table.
May 19,1906
Oct. 10,1910
25, 000 Mar. 4,1932
50, 000
do
75,000 Mar. 8,1932
1,000,000 Mar. 9,1932
23, 440
49, 580
23, 440
49, 580
309,400
309, 400
24,700
24, 700
24, 700
249, 997
11, 960
198,620
6,250
25, 000
24, 700
249, 997
11, 960
198,620
6,250
25,000
May 10,1932
May 21,1932
May 23,1932
May 24,1932
do—
--
98, 315
238,540
98, 315
238, 540
25,000
25,000
25, 000
25,000
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
do -
100,000
96,160
49, 820
25,000
6,250
100, 000
96,160
49, 820
25. 000
6,250
400, 000
49, 340
9,400
400, 000
49, 340
9,400
25, 000
24, 460
144,000
39, 700
25,
24,
144,
39,
11695 Mar. 17,1920
3837 Jan. 12,1888
25,000
50, 000
50,000
100,000
90, 750
49, 750
28,000
1,845, 000
11561
5587
11884
5292
7002
7972
4325
9136
11664
13267
Dec.
Sept.
Nov.
Apr.
Oct.
Oct.
Apr.
Apr.
Feb.
Dec.
19,1919
18,1900
12,1920
3,1900
1,1903
27,1905
8,1890
11,1908
23,1920
21,1928
25, 000
25,000
25,000
25, 000
100,000
25,000
100,000
25, 000
25,000
25, 000
1,500
206, 250
10, 000
123, 375
655,000
114, 375
774,000
48, 200
2,500
25,000
50,000
25, 000
25,000
250,000
25, 000
300,000
25, 000
25,000
25,000
Mar. 18,1932
do
Mar. 19,1932
Mar. 25,1932
Mar. 28,1932
Apr. 12,1932
Apr. 19,1932
Apr. 26,1932
Apr. 28,1932
May 3,1932
2522
12227
9314
5851
12317
Mar.
Nov.
Dec.
Apr.
Feb.
12,1881
4,1921
9,1908
24,1901
2,1923
125,000
200, 000
100,000
25, 000
25, 000
385, 584
39, 000
672,400
62, 000
14, 500
125, 000
250,000
100,000
25,000
25,000
11929
9432
4528
8186
9509
11140
11461
1865
9845
13360
6270
6998
3204
12430
1615
Jan.
Apr.
Feb.
Feb.
July
Jan.
July
Aug.
15,1921
27.1909
13,1891
16,1906
21.1909
24,1918
7,1919
1,1871
3,1910
23,1929
20,1902
1,1903
9,1884
7,1923
21,1865
58,500
104,000
259, 900
32, 750
51, 000
339, 000
457, 725
293, 350
64, 000
May
Mar.
Sept.
Apr.
Aug.
Nov.
Nov. 17.1910
Mar. 6,1917
July 22,1921
July 14,1913
Feb. 27,1908
July 25,1912
Oct. 24,1916
Jan. 30,1920
100, 000
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
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
200,000
25, 000
200, 000
25, 000
25,000
50, 000
75, 000
50, 000
1,472, 582
52.000
153, 500
105, 500
72, 500
3i4, 500
131, 250
66, 000
12426 J u l y 31,1923
100, 000
9912
10976
12001
10433
9162
10237
10915
11594
£r
Ug>
13114 J u l y
6,1927
25, 000
53, 500
53,250
465, 000
23, 200
966, 000
2, 800,000
50, 000
200,000
50, 000
50, 000
300, 000
200,000
50,000
175,000
6, 250
25,000
do
June 14,1932
June 15,1932
June 17,1932
June 21,1932
do
do.. .do
do
do
-
47,450
25,800
74. 476
3, 392,874
229, 720
197, 228
100, 312
25, 000
182,449
11, 256
43,886
719,457
112, 675
340, 758
81, 797
300, 484
2, 786, 273
266, 849
2,005, 242
96, 520
144, 340
84, 525
180.000
39, 227
29, 554
62,028
976, 609
109,683
50,000
29,400
74, 729
1, 517,460
419, 689
94,455
150, 726
129,131
66, 261
108, 947
300, 000
1,011,964
148,174
62,942
463,480
381,689
231, 343
97, 201
404, 956
428, 557
148,523
5,197, 831
505, 612
117,600
49,533
366, 351
357,803
1, 366,833
250, 030
1,032, 681
000
460
000
700
27,000
66, 780
261,186
48, 550
236, 900
1,026,600
1,026, 600
147, 720
50,000
49, 580
35,000
175,000
50,000
5, 703.466
297, 448
782, 826
56, 350
155, 297
608, 667
255,392
132,951
7,946, 632
147, 720
50,000
49, 580
35, 000
175, 000
50,000
167,646
523, 510
92, 200
212, 519
688,242
499, 860
380,606
1,665,187
673. 628
413, 811
o
o
w
o
3
fcO
CO
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1987, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
San Bernardino National Bank, San Bernardino,
Calif.
_
Jefferson Park National Bank, Chicago, 111
Jackson Park National Bank, Chicago, 111
Ravenswood National Bank, Ravenswood, 111...
First National Bank, Wilmette, 111
National Bank of Woodlawn, Chicago, 111
First National Bank, Martinsville, Ind
Midland National Bank, Chicago, 111
Peoples National Bank & Trust Co., Chicago,
111
9
First National Bank, Maquoketa, Iowa
First National Bank, Gardener, 111.9
West Hollywood First
National Bank, West
Hollywood, Calif.9
First National Bank, Willoughby, Ohio 19
First National Bank, Spartanburg, S. C
Hyde Park-Kenwood National Bank, Chicago, 111.
First National Bank, Tyndall, S. Dak
Farmers National Bank in Vinton, Iowa
First National Bank, Davidsville, Pa
First National Bank, Riverside, HI
State National Bank in Terrell, Tex
First National Bank, Waynesboro, Miss.9
First National Bank in Aurora, HI
First National Bank & Trust Co., Chicago
Heights, 111
First National Bank, Burns, Oreg
Pulaski National Bank, Pulaski, N. Y
First National Bank, Jenkins, Ky
Ross County National Bank, Chillicothe, Ohio 9__
Consolidated National Bank, Dubuque, Iowa
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
O
8
w
17,1887
5,1911
25,1923
30,1912
3,1916
5,1921
2,1865
18,1927
$100,000
50,000
200,000
50,000
50,000
300,000
100,000
200,000
$852,000
289, 500
32,000
108, 500
119, 500
114,000
706,788
$100,000 June 21,1932
300,000 June 25,1932
200,000
do
200,000
do—
150,000
do
300,000
do
100, 000 June 27,1932
250, 000
do
13311 Apr. 2,1929
999 Feb. 20,1865
9406 Apr. 21,1909
1,000,000
50,000
25,000
492,000
414, 250
39, 750
1,000,000
do
•50,000 June 28,1932
25,000
do
3818
10108
12391
10215
10828
11980
794
13036
Oct.
Oct.
May
Apr.
Feb.
May
Jan.
Jan.
11025
11994
1848
13235
6792
13283
11407
12386
1328'
13413
13655
June
Apr.
June
Aug.
May
Nov.
June
Apr.
Feb.
Dec.
July
21,1917
26,1921
5,1871
1,1928
6,1903
23.1928
19,1919
6,1923
26.1929
30,1929
28,1931
25,000
100,000
60,000
500,000
25,000
75,000
25,000
50,000
100,000
25,000
200,000
69, 625
36,500
1, 548,800
240, 000
91, 277
5876
6295
1496
10062
1172
2327
June
May
July
June
May
Jan.
11,1901
31,1902
3,1865
29,1911
9,1865
31,1876
50,000
25,000
50,000
50,000
100,000
100,000
256, 500
130,000
276, 375
158, 250
1,058,000
1,300,000
6,000
18, 000
>,250
75.000
100,000
500,000
600, 000
40,000
75,000
25,000
50,000
100,000
25,000
200,000
do
June 29,1932
June 30,1932
July 1,1932
July 2,1932
.do.
July 6,1932
do
_.
do
do
do
200,000
50,000
75,000
75,000
150,000
500,000
July 7,1932
do
July 11,1932
July 12,1932
July 14,1932
do
$99,100
74,400
$99,100
74,400
$187,100
632,314
336,694
21,920
57, 560
407,760
177,234
192, 679
$1,188,300
1,141,839
736,519
507,939
895,084
1, 344,928
762, 539
439, 793
2,061, 344
166,119
54,431
3,729,097
523,112
130,878
100,000
100,000
"99," 700
" "99," 700
27, 320
24, 760
27, 320
24, 760
299, 997
299,997
"25," 666
~ 25,666
25,000
49, 280
25, 000
49,280
41, 800
1,073, 390
989,617
729,450
81,400
119,322
12,800
46,288
198, 200
198,200
105, 609
299, 558
50, 000
50,000
50, 000
50,000
72, 600
149,100
49, 700
72, 600
149,100
49, 700!
325,879
222,000
64,395
298, 520
921,350
•a
o
o
182,866
2,023,106
3,133, 265
302, 752
584,961
119,415
227,890
145,041
462,294
2,602,460
912,123
128,123
1,480, 573
217,587
1,054,436
3,495,517
w
fel
o
d
a
Peoples National Bank & Trust Co., Sullivan,
Ind
Commercial National Bank, Waterloo, Iowa
Clearfield National Bank, Clearfield, Pa
First National Bank, Artesia, Calif.9
Whitley National Bank, Corbin, K y
Farmers National Bank, Wewoka, Okla
First National Bank, Thomasville, Ga. 9
First National Bank, Sylacauga, Ala
Producers National Bank, Tulsa, Okla. 1 9
Monroe National Bank, Monroe, N . Y. 9
Spencer National Bank, Spencer, Ind. 9
First National Bank, Leland, 111
Buchanan County National Bank, Independence,
Iowa
First National Bank in Sioux Rapids, Iowa 9
First National Bank, Adams, M i n n
First National Bank, Northwood, Iowa
Boise City National Bank, Boise, Idaho
First National Bank, Gulfport, Miss. 1 9
First National Bank, Aurora, 111.1
.__
Fiist National Bank, M o u n t Olive, 111.19
First National Bank & Trust Co., in Pontiac,
1
Mich.
National Bank of Unionville, Unionville, M o . 8 First National Bank, Silverton, Oreg
First National Bank, Lawrenceville, 111
Twin City National Bank, Bluefield, Va
First National Bank, Marengo, 111
Broadway National Bank, Chicago 111.'*»
Citizens National Bank; Indiana, P a
P a r m a National Bank, Parma, Idaho 9
First National Bank, Northboro, Iowa 9
First National Bank, Yukon, P a
American National Bank, Gillespie, 111.19
Springfield National Bank, Springfield, Pa. 9
First National Bank, Cairnbrook, Pa
First National Bank, Emporium, Pa
First National Bank, Frazee, M i n n
First National Bank, Letcher, S. Dak.< 9
Central National Bank, Decatur, Ala. 1
Brown National Bank, Jackson, Minn. 9
First National Bank, Vincennes, Ind
Andalusia National Bank, Andalusia, Ala
Liberty National Bank, Dickson City, Pa
First National Bank, Lewisville, Ind
First National Bank, Mazon, 111.9
First National Bank, Egan, S. Dak.* &
First National Bank, Story City, Iowa
First National Bank, Gormania, W. Va.1 9
First National Bank, Greensburg, Kans. 9
See footnotes a t end of table.
5392
2910
4836
8063
9634
8052
3767
7451
12042
7563
9715
7864
May
Mar.
Dec.
Jan.
Dec.
Jan.
July
Oct.
Nov.
Nov.
Mar.
July
21,1900
16,1883
20,1892
4,1906
22,1909
10,1906
20,1887
10,1904
14,1921
19,1904
17,1910
15,1905
287, 000
100, 000
50,000 1,239,993
788,000
100,000
43, 750
25, 000
44, 250
25,000
92, 750
25, 000
300, 500
100,000
91,132
30,000
72,500
250,000
51, 250
25,000
95,000
50, 000
47,400
30, 000
150,000
400,000
200,000
50,000
25,000
25,000
100,000
50,000
250, 000
50,000
50,000
30,000
13188
13400
8059
8373
3471
6188
38
7350
Mar.
Nov.
Jan.
Aug.
Mar.
Feb.
June
July
15,1928
8,1929
11,1906
125,000
50,000
72,075
25,000
77, 750
50, 000
793, 500
50, 000
595, 750
100, 000
50,000 1,370, 925
115, 200
25, 000
do
125,000
do
50,000
Aug.
8,1932
30, 000
.do
50,000
Aug.
9,1932
375,000
do
400,000
300,000 Aug. 12,1932
do
70,000
446, 000
do
600,000
40,000 Aug. 13,1932
35,000 Aug. 15,1932
100,000 Aug. 22,1932
.do
50,000
50, 000 Aug. 29,1932
200, 000 Sept. 7,1932
50, 000 Sept. 12,1932
25,000
do.
25, 000 Sept. 16,1932
30.000 Sept. 20,1932
50,000 Sept. 22,1932
50,000
do.
25,000 Sept. 23,1932
200,000 Sept. 24,1932
30,000 Sept. 26,1932
25,000 Sept. 27,1932
200,000 Oct. 1,1932
40,000 Oct. 3,1932
do.
200,000
200,000 Oct. 5,1932
100,000 Oct. 6,1932
35,000 Oct. 8,1932
50, 000 —_do
25,000 Oct. 10,1932
75,000
do
25,000 Oct. 11,1932
40,000 Oct. 12,1932
12288
13268
11106
5385
7782
1870
12323
7993
11556
9015
12808
12314
13031
10704
3255
7024
9188
10423
7797
1873
11955
12459
5526
10186
7252
9017
8751
10557
20,1906
9, 1886
1,1902
20,1863
15.1904
Dec. 15,1922
Dec. 12,1928
Nov. 21.1917
M a y 4,1900
M a y 13.1905
Aug. 8,1871
Nov. 25.1922
Nov. 27,1905
Oct. 11,1919
Jan. 17,1908
Aug. 8,1925
Feb. 2,1923
Jan. 12,1927
Nov. 21,1914
Sept. 23,1884
Oct. 2,1903
M a y 25,1908
July 10,1913
M a y 17,1905
July 15,1871
Apr. 9,1921
Oct. 24.1923
June 7,1900
Apr. 16,1912
Apr. 23,1904
Jan. 15,1908
Apr. 11,1907
June 5,1914
200, 000
40, 000
35,000
25, 000
25,000
50,000
200,000
50,000
25.000
25,000
30,000
50,000
50, 000
25,000
50,000
25, 000
25,000
100,000
40,000
100,000
200.000
100,000
25,000
35,000
25,000
25,000
25, 000
25,000
38, 500
23, 750
338,000
67,000
28, 750
11, 500
88, 250
600
35,000
395, 000
428,000
96, 700
48, 750
154, 500
50, 398
672, 000
128,000
18, 000
81,475
110, 000
47, 250
166, 750
34, 000
92,475
July 15,1932
July 18,1932
do
.do
do
July 22,1932
July 27.1932
do
.do.
July 28,1932
July 30,1932
Aug. 1,1932
97,660
97, 660
197, 600
25,000
24, 700
6,500
48,860
48,077
197. 600
25,000
24, 700
6,500
48, 860
48,077
34, 280
34, 280
49,100
29, 520
49, 700
248, 080
49,100
29, 520
49, 700
248,080
(10)
39, 700
24, 700
50, 000
49,100
12, 500
206,382
717,150
284,245
69, 723
82,029
29, 600
99, 984
59, 842
411, 752
70, 500
82, 880
31,140
1,165,325
4, 531, 689
556, 907
400,948
137, 718
669, 769
208,857
326, 850
233, 515
48,796
795,312
155, 510
283, 692
197,957
2, 365,834
35, 610
181,149
2,319,135
555,000
199,841
373,180 5, 353,850
39, 700
19,000
40,138
24, 700
106, 915
50, 000
46, 534
49.100
92,439
12, 500
50, 000
50,000
"25," 656
~25~666
24,460
197,117
29, 700
-.25,000
24,460
197,117
29, 700
25, 000
25,000
19, 980
200,000
24,160
19,820
50,000
25,000
74, 997
25,000
19, 980
200, 000
24.160
19, 820
50, 000
25, 000
74. 997
9,820
76,168
...37,850
45, 394
40,250
146,283
31,966
71,000
163,933
37,500
37,794
292,089
72, 532
465,074
461, 379
125,820
59,436
37, 625
53, 295
81, 750
71, 534
122,385
425, 243
588,424
221,886
o
o
90,295
218,230
596,472
535, 967
705,941
83,048
111, 127
76,847
85, 505
207, 581
1,180, 669
309,972
63,288
143, 272
899,703
767,854
282, 243
207,054
74, 687
96, 540
407,206
147,880
g
1-3
W
d
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Report No.
Organization
2155
2156
2158
2160
2161
2162
2163
2165
2166
2168
2169
2170
2171
2173
2175
2176
2177
2178
2179
2181
2182
2186
2187
2188
2189
2190
2192
2194
2195
2196
2198
2199
2200
Name and location of bank
First National Bank, Scappoose, Oreg.9
Homer City National Bank, Homer City, Pa
First National Bank, Palestine, 111
First National Bank, Springfield, Oreg.9
Masontown National Bank, Masontown,
Pa.1 Q .
First National Bank, Portsmouth, Va.1
United States National Bank, Deer Lodge, Mont_
Schmelz National Bank, Newport News, Va.19.
National Citizens Bank, Lake Benton, Minn
First National Bank, Flandreau, S. Dak.94 9
First National Bank, St. Francis, Kans.
Farmers National Bank, Gonzales, Tex
Diamond National Bank, Pittsburgh,9 Pa___
Park National Bank, Sulphur, Okla.
Duquesne National Bank, Pittsburgh, Pa
Shawnee National Bank, Shawnee, Okla
-First National Bank, McLoud, Okla.9
United States National Bank & Trust Co., Kenosha, Wis
Tecumseh National Bank, Tecumseh, Okla ._ __
First National Bank, Ocean City, N. J
Painesville National Bank, Painesville, Ohio 1 9Ayers National Bank, Jacksonville, 111
City National Bank, Georgetown, Tex
First National Bank, Webster City, Iowa
Belmont National Bank, Belmont, Ohio i 9
Gadsden National Bank, Gadsden, Ala
First National Bank, Woodlake, Calif 9
First National Bank, Faulkton, S.Dak.
Reno National Bank, Reno Nev
First National Bank, Winnemucca, Nev
Public1 National
Bank & Trust Co., Houston,
Tex. 9 .
Merchants National Bank, Wadena, 9Minn
First National Bank, Motley, Minn.
_
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
10992
8855
8892
8941
6528
9300
9899
11028
6696
5854
11857
8392
2236
9046
2278
5115
6660
Apr.
July
July
Oct.
Nov.
Dec.
Nov.
June
Mar.
May
Sept.
Sept.
Mar.
Feb.
May
Mar.
Mar.
17,1917
20,1907
23,1907
9,1907
19,1902
9,1908
9,1910
25,1917
16,1903
29,1901
18,1920
13,1906
22,1875
3,1908
25,1875
1,1898
2,1903
$25, 000
50,000
25,000
25,000
25, 000
100, 000
50, 000
200,000
25,000
25,000
25, 000
50,000
200,000
25,000
200,000
50,000
25,000
$13,000
51,000
43, 500
35,050
229, 000
345,000
160, 500
282,000
41,000
111, 285
35,000
186, 500
3, 700, 333
59,800
2, 236, 500
720,000
102, 750
$25,000
50,000
25,000
25,000
100,000
300, 000
100, 000
400, 000
25,000
40,000
25,000
100,000
600,000
25,000
500,000
150,000
25, 000
Oct. 18,1932
do
Oct. 20,1932
do
Oct. 24,1932
do
Oct. 25,1932
Oct. 27,1932
Oct. 28,1932
Nov. 3,1932
do
Nov. 4,1932
Nov. 14,1932
do
Nov. 15,1932
do
do
$23,920
48,920
12, 500
6,250
12351
10304
6060
2842
5763
12680
1874
6391
8560
10309
10961
8424
3575
Mar.
Dec.
Oct.
July
Mar.
Apr.
Aug.
July
Jan.
Dec.
Feb.
Oct.
Sept.
31,1923
14,1912
23,1901
26,1882
25,1901
6,1925
10,1871
26,1902
25,1907
7,1912
19,1917
20,1906
27,1886
100,000
25,000
50,000
200,000
200, 000
50, 000
50,000
25, 000
125,000
25, 000
25,000
500,000
50, 000
134,000
25, 250
463,000
504,500
978,000
7,000
517, 715
35,875
151,875
12,000
23,000
1, 363, 500
939,660
200,000
25,000
300,000
150,000
500,000
50,000
100,000
25,000
125,000
25,000
25,000
700,000
200,000
do
Nov. 18,1932
do
Nov. 21,1932
do
do
Nov. 30,1932
Dec. U1932
do-.-;...
Dec. 2,1932
Dec. 8,1932
Dec. 9,1932
Dec. 10,1932
12055 Nov. 7,1921
4916 May 15,1893
7764 May 13,1905
300,000
50, 000
25,000
129,499
349, 750
69,000
800,000 Dec. 13,1932
100,000 Dec. 16,1932
25,000
do
Circulation outstanding
at date
of failure
$23,920
48,920
12, 500
6,250
12,500
12,500
24, 760
39,700
24,760
39,700
97, 240
295, 320
25,000
493, 337
50,000
7,000
97,240
295,320
25,000
493,337
50,000
7,000
175,000
25,000
300,000
175,000
25,000
300,000
492, 740
492,740
100,000
100,000
67, 500
7,000
67,500
7,000
665,000
82,000
49, 760
24,700
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$32,364
30,610
31,915
14,500
301,327
147,525
400,000
44,591
83,437
51, 760
120, 218
1, 500,350
2, 235,844
62,585
Total
deposits
at date of
failure
$105,379
433,152
198,727
90,298
421,439
to
to
d
o
W
O
O
3
188,910
263,834
228,479
366,917
9,605,721
156,072
4,096, 735
1,935, 232
95,325
895,548
275,283
1,629,885
665,000
82,000
287,142
19,312
965,408
191,000
742,146
49,088
91,613
27,038
199,999
10,000
67,942
3, 261,216
204,610
737,629
92,593
137,53fe
4,020,537
1,592,412
49,760
24,700
3,051,013
93,201
24,503
3,265
509,051
76,411
5,090,458
87,167
489,542
o
Kl
First National Bank, Fort Gaines, Ga.9
First National Bank, Chester, W. Va
First National Bank, Marshfield, Wis 9
First National Bank, Iowa Falls, Iowa .
Mills County National Bank, Glenwood,
Iowa 9
First National Bank, Rocksprings, Tex.9
First National Bank, Ortonville, Minn
First National Bank, Hermosa Beach, Calif
Winder National Bank, Winder, Ga
First National Bank, Centerline, Mich9
First National Bank, Russiaville, Ind.
Putnam National Bank, Palatka, Fla
First National Bank, Herrin, 111
Third National Bank, Mount Vernon, 111
First National Bank, Monrovia, Ind_
Citizens Security National Bank, Sisseton,
S. Dak
First National Bank, Ellwood City,9 Pa
First National Bank, Fowler, Kans. 9
First National Bank, Greenfield, 111. 9
First National Bank, St. Marys, Kans.
First National Bank, Yale, Mich
First National Bank, Sodus, N. Y
First National Bank, Anna, 111
First National Bank, Littleton, Colo.9
St. Louis National Bank, St. Louis, Mo
First National Bank, Maryville, Tenn. 9
Jackson National Bank in Jackson, Minn
First National Bank in Mamaroneck, N. Y
Liberty National Bank, Marine City, Mich
First National Bank, Algonac, Mich
Arlington National Bank, Arlington, Oreg.9
First National Bank, Wheaton, 111
Farmers National Bank, Taylorville, 111
First National Bank, Madison, Nebr
California National Bank, Sacramento, Calif
Commercial National Bank, Columbus, Nebr-_.
First National Bank, Morristown, Tenn
First National Bank, Statesville, N. C
Chelsea-Second National Bank & Trust Co.,
Atlantic City, N. J
9
First National Bank, Manilla, Iowa
First National Bank, Craig, Nebr. 9
Atlantic City National Bank, Atlantic9 City, N. J_
First National Bank, Steelville, Mo.
City National Bank, Oshkosh, Wis
First National Bank, Leigh, Nebr
Lincoln Park National Bank, Lincoln Park,
Mich
First National Bank, Heppner, Oreg
See footnotes at end of table.
6002
6984
4573
3252
1862
11634
6459
12209
10805
13240
5524
4813
5303
5689
6354
3,1901
9,1903
May 18,1891
Aug. 28,1884
Aug. 11,1871
Feb. 27,1920
Oct.
4,1902
Mar. 10,1922
Oct. 16,1915
Aug. 28,1928
June 23,1900
Oct. 22,1892
Apr. 11,1900
Jan. 12,1901
Apr. 25,1902
6395
4818
9595
8473
3374
5482
9418
4449
7533
12216
10542
13269
13592
11260
12944
3918
9368
5410
3773
8504
5180
3432
3682
Aug. 18,1902
Oct. 22,1892
Oct. 26,1909
Nov. 28,1906
July 29,1885
June 8,1900
Apr. 17,1909
Sept. 13,1890
9,1904
Dec.
June 1.1922
Mar. 21,1914
Dec. 26,1928
Jan. 15,1932
7,1918
Oct.
Feb. 24,1926
June 28,1888
Mar. 6,1909
May 18,1900
Aug. 1 1887
Dec. 18,1906
Jan. 17,1889
Jan.
4, 1886
Feb.
8,1887
5884
5873
9591
2527
8914
9347
9831
Oct.
Oct.
May 20,1901
14,1901
25,1909
24,1881
31,1907
9,1909
12,1910
June
Oct.
Mar.
July
Jan.
Oct.
12999 July 3,1926
3774 July 26,1887
30,000
50,000
50,000
50,000
65,000
35,000
25,000
50, 000
100,000
50,000
25,000
50, 000
25, 000
50,000
25,000
107, 650
55, 500
285, 550
311, 500
541,125
7,000
92,500
19, 500
181,000
103,375
297,000
316, 250
521, 542
44,400
50,000
50,000
150,000
50,000
65,000
35.000
50,000
50,000
100,000
50, 000
25,000
100, 000
50, 000
150,000
30,000
Dec. 19,1932
Dec. 22,1932
.do.
Dec. 27,1932
do
Dec. 28,1932
Dec. 29,1932
do
Dec. 30,1932
do.
do.
Dec. 31,1932
do
Jan. 3,1933
Jan. 5,1933
50,000
do
50,000
173,000
341,025
125,000 Jan. 10,1933
100,000
d
25,000
25,000
59,500
148, 500
do
55,000
55,000
205, 250
50, 000
50,000 Jan. 12,1933
107, 550
35, 000
40, 000
.do.
_do_
30,000
99,600
60, 000
299, 250
50,000
50, 000
..do_
25,000
90, 500
25, 000
_do_
200,000
44, 000
200,000 Jan. 13,1933
50,000
100, 000
do
127,175
40,000
5,200
40,000 Jan. 16,1933
150,000
250, 000
do
50,000
73,000
50, 000 Jan. 17,1933
30, 000
5,700
30, 000
do
50,000
102. 350
25,000 Jan. 19,1933
25,000
129,000
50,000
.do.
_do_
100, 000
221,000
100, 000
50,000
320,000
100,000 Jan. 20,1933
1, 000,000 2,982, 771 2,000,000 Jan. 21,1933
50,000
214,000
50, 000 Jan. 24,1933
50, 000
477,500
100, 000 Jan. 25,1933
50,000
309,732
100,000 Jan. 27,1933
100,000
691,000
25,000
51, 250
25,000
66, 750
50, 000 1, 503, 860
25,000
71, 500
602, 400
200, 000
184,000
50, 000
600,000
25,000
25,000
300,000
25,000
300,000
50, 000
100,000
50,000
100,000
100,000
239,404
..—do
Jan. 30,1933
doJan. 30,1933
do
Jan. 31,1933
Feb. 2,1933
_do_.
_do-
50,000
1*7,180
49, 580
41,250
50,000
147,180
49, 580
41,250
25,000
49,640
96, 580
25,000
49,640
96, 580
24,695
49,460
49,695
100,000
24,760
24,695
49, 460
49,695
100,000
24, 760
39, 760
100,000
24, 640
15,000
50,000
40,000
60,000
48,800
25, 000
96,520
96,520
39,
100,000
24, 640
15,000
50,000
40,000
60,000
48, 800
25, 000
96, 520
96,520
54,046
86,184
260, 495
14, 050
80, 734
42, 286
69,190
38, 330
98,666
10, 000
21,469
291,068
106,068
10,525
41, 728
282,302
1, 041,644
278, 645
277,219
36, 726
545.910
222,417
220,005
230, 634
85,834
1,062, 700
1,164,606
2,317,165
105, 924
89,577
447, 849
41,595
21,500
67,639
31,951
273,150
122,481
31, 482
473,029
146,800
64, 239
49,700
49, 700 1,410, 856
34.100
34,100
97,388
19, 280
19,280
63,085
29, 262
24,700
24,700
115,962
100,000
100,000
106,695
63,980
63,980
207, 688
1,701, 580 1, 701,580 2,119, 977
49,640
49,640
67, 571
75,000
75,000
262, 262
100,000
168,800
100,000
1, 288,085
355, 238
11, 258, 781
368,128
1, 028, 225
421,555
300,000
25,000
24, 700
296,100
6,250
200,000
37, 200
300,000 4, 575,657
26, 642
25,000
61, 755
24, 700
296,100 3, 662, 258
6,250
41,000
200, 000
110,000
37, 200
82, 529
5, 439, 556
156, 792
94, 349
7, 674, 055
209,308
2,679,849
236, 786
100,000
25, 000
100,000
25, 000
87, 096
60, 774
864, 029
79,143
455, 666
169, 323
304,892
589, 428
645, 518
325,113
1, 265, 769
573,249
205, 704
1,944, 442
423, 629
205, 709
91,820
450,839
279, 652
305, 040
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. SI, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Charter
No.
Date
Farmers & Stock Growers National Bank, Heppner, Oreg
11007 Apr. 28,1917
Pleasantville National Bank, Pleasantville, N. J. 12510 Feb. 20,1924
First National Bank, Ridgway, 111.9
9439 May 7,1909
First National Bank, Secor, 111
6007 Oct. 21,1901
Citizens & Security National Bank, St. James,
Minn
7021 Sept. \24,1903
1934 June 9,1872
Nokomis National Bank, Nokomis, 111 9
3059 Sept. 8.1883
First National Bank, North Bend, Nebr.6
5613 Sept. \25,1900
First National Bank, Lumberton, Miss.
5255 Jan. :16,1900
Citizens National Bank, Irwin, Pa.* 9
3188 M a y :12,1884
Union National Bank, Fremont, Nebr.
3196 M a y 3.1884
Ashland National Bank, Ashland, Wis
3067 Nov. 20,1886
Northern National Bank, Ashland, Wis
Sunrise National Bank & Trust Co., Baldwin,
N.Y
13062 Apr. 5,1927
8069 Dec. 21,1905
First National Bank, Oceanside, Calif
Citizens National Bank, New Brunswick, N. J_. 12468 Aug. 7,1923
10074 Aug. 11,1911
McDaniel National Bank, Springfield, Mo.i 19
First National Bank, Avon-by-the-Sea, N. J. . 12422 July 23,1923
7446 Oct. 18,1904
Commercial National Bank Washington D. C._
5793 Apr. 23,1901
Smith National Bank, St. Edward, Nebr.9
8471 Dec. 4,1906
National Exchange Bank, Chester, S. C.«
3441 Dec. 28,1885
First National Bank, The Dalles, Oreg5
9755 Apr. 13,1910
First National Bank, Hampstead, Md.
9537 July 20,1909
Continental National Bank, Indianapolis, Ind.7 1.
11553
Nov. 19,1919
Broad Street National Bank, Red Bank, N. J. _.
12643 Feb. 9,1925
Cherokee National Bank, St. Louis, Mo.7
_
12420
July 28,1923
American National Bank, Rushville, Ind,6
9502 Aug. 4,1909
Central National Bank, Oakland, Calif.7 9
Guardian
National Bank of Commerce, Detroit,
Mich.7
8703 Apr. 24,1907
First National Bank, Detroit, Mich.7
_
10527 Apr. 22,1914
First National
Bank
of
Kitzmillerville,
Kitzmiller, Md.7
8302 June 25,1906
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
$50,000
100,000
25, 000
25,000
$12, 500
14,000
26, 750
50, 250
$50,000 Feb. 2,1933
100,000 Feb. 4,1933
25, 000
do.
25,000 Feb. 6,1933
25,000
50, 000
50, 000
25, 000
50,000
60, 000
50, 000
100, 000
140,900
480,925
171, 500
207,000
323, 500
422. 420
406, 500
651,000
80,000
75,000
50, 000
50,000
100,000
150, 000
100,000
100,000
d(
Feb. 9,1933
d
____do
Feb. 10,1933
Feb. 13,1933
100, 000
75, 000
100,000
79,950
25, 000
250,000
20,000
250, 000
300, 000
325, 000
100, 000
50,000
25, 000
300, 000 1,996, 250 1,000,000
50, 000
25, 000
62, 652
100, 000
100, 000
185,000
200,000
50, 000
508, 500
25, 000
62,000
50,000
400, 000
400,000
402, 000
100, 000
150,000
130,500
200, 000
200,000
29,000
100, 000
100,000
49,000
1,000, 000 2,027, 750 1,200,000
Feb. 14,1933
Feb. 15,1933
Feb. 16,1933
Feb. 17,1933
Feb. 27,1933
Feb. 28,1933
M a r . 3,1933
M a r . 9,1933
M a r . 10,1933
.do.
Apr. 8,1933
Apr. 15,1933
Apr. 22,1933
Apr. 25,1933
M a y 8,1933
750, 000 6,032, 500 10, 000, 000 M a y 11,1933
do
5,000, 000 15, 664, 708 25, 000,000
25, 000
25,250
25,000 M a y 19,1933
Lawful
money
deposited
Circulation outstanding
at date
of failure
$100,000
25,000
25,000
$100,000
25,000
25, 000
50,000
75,000
49, 400
49,100
50,000
75,000
49,400
49,100
149, 280
99, 400
99,100
149, 280
99, 400
99,100
984,400
25, 000
100,000
91,660
44, 040
984, 400
25, 000
100, 000
91,660
44,040
24,820
24, 820
1,149,900 1,149,900
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
$25,641
122, 669
10,500
48,451
$87,997
288,891
73,144
99,154
119,986
156, 658
27, 207
97, 089
102,200
85, 648
205,879
198, 483
298,421
674, 399
145, 369
305, 253
235,683
141,634
671,691
981,500
86, 000
2, 953, 219
84, 908
194,033
637,810
70,498
110,000
615,482
491,044
110, 715
5,692
525, 264
1, 515, 954
998, 004
299,645
427,361
931, 445
23, 430
10,140
o
o
W
H
10,147, 364
244,166
464, 697
1, 507,174
769,103
1, 839,891
1,119, 832
468, 374
19,807, 968
105,146 113,866,273
4,844, 240 4,844, 240
9,351,060 9, 351,060 16,250, 000 398,798,006
23,430
to
204,918
Q
Q
First National Bank, Massillon, Ohio 7 7
Citizens National Bank, Greenville, Tenn.
First National Bank, Silverton, Tex.7 a 7
Citizens National Bank, Frostburg, Md. 5
Citizens National Bank, Richmond, Ky.
Britton7 & Koontz National Bank, Natchez,
Miss.
National
Loan & Exchange Bank, Columbia,
S. C 7
City National Bank, Huntington Park, Calif.7—
First National
Trust & Savings Bank, Chico,
Calif.7
79
First National Bank, Garden City, Kans.
First National Bank, Franklin, N. Y.7 7
Pelham National Bank, Pelham, N. Y.
Douglastqn National Bank, New York,
N. Y. 7 ..
First National Bank, Augusta, Kans.7 9
First National Bank, Kingfisher, Okla.c
First National Bank, Rialto, Calif.7
Athol National Bank, Athol, Mass.77
First National Bank, Everly, Iowa
Brasher Falls National Bank, Brasher Falls,
N. Y.™
Millers River National Bank, Athol, Mass.7
Mount Holly National Bank, Mount Holly,
N.J.*
Larchmont National Bank & Trust Co., Larchmont, N. Y.7.
Central National Bank, Spartanburg, S. C.7
7
First National
Bank, Bank,
Burnside,
Ky.7
Millersville
National
Millersville,
7 Pa. _-_
Citizens National Bank, Mulberry, Ind.
7
First National Bank, Hoopeston, 111.7
First National Bank, Albany, Oreg. 7
First National Bank, Clintonvflle, Wis.
First National Bank, Mebane, N. C>
First National Bank, Oakley, Kans.7
Rockland National Bank, Rockland, Maine 7_...
Montezuma Valley National Bank, Cortez,
Colo.*'
South Side National Bank, St. Louis,
Mo.7
First National Bank, Eutaw, Ala.77«
First National Bank, Verona, Pa.
7
Citizens National Bank, Monticello, Ky.
First National Bank, Dunkirk, Ohio.7 7
Peoples National Bank, Seymour,7 Mo.
First National Bank, Ellis, Kans. 7
First National Bank, Oberlin, La.
First National Bank, Fairmont, N. C.7»
Maple 7Shade National Bank, Maple Shade,
N.J. —
See footnotes at end of table.
216
13482
8816
4926
7653
Jan.
July
June
May
Feb.
8,1864
11,1930
13,1907
24,1893
8,1905
175, 000 1,514,500
75,000
6,000
30, 000
58,184
50, 000
180, 500
100,000
182,000
300, 000
75, 000
30, 000
50, 000
100, 000
May
June
June
June
June
23,1933
3,1933
5,1933
8,1933
26,1933
100,000 July
281,460
75, 000
7, 260
49, 580
67,380
281, 460
75,000
7,260
49, 580
67, 380
575, 063
651,237
103,232
230, 539
61,129
2, 391, 485
651,311
87, 518
1,138,028
522,928
12537 Apr. 30,1924
100,000
30,000
1,1933
100, 000
100, 000
451,913
1, 516, 039
6871 July 4,1903
12988 Aug. 6,1926
500,000
100,000
895, 030
13,000
500, 000 July 5,1933
125,000 July 13,1933
390, 000
390, 000
837, 585
142,482
2, 282,965
635,961
2
g
50, 000
50, 000
63,000
50, 000
100, 000
25, 000
25, 000
25,000
100,000
25,000
168,500
224, 500
313, 041
57,000
150, 000 July 18,1933
50, 000 July 21,1933
50, 000
do
do
200, 000
do
100,000
75,000 July 27,1933
do
25, 000
75, 000 Aug. 2,1933
Aug.
3,1933
100, 000
25,000 .. ..do
25,000
do
150,000 Aug. 4,1933
150, 000
12, 500
50, 000
150,000
12, 500
50, 000
260, 662
145, 835
174, 654
1, 260, 529
84,873
75, 000
146,334
24, 520
50, 000
289,187
99, 200
267, 053
25, 000
18,937
2,252,104
S
8798
3448
282
11951
13115
6643
5328
8768
2172
7828
July
Nov.
Dec.
Mar.
June
Feb.
Apr.
July
Mar.
June
8,1907
16,1885
24,1863
18,1921
21,1927
9,1903
25,1900
3,1906
6,1874
17,1905
10943 Oct. 16,1916
708 Dec. 15,1864
120, 500
82, 000
128, 000
229,000
79, 500
25, 000
25, 250
150, 000 1, 080, 750
• 75,000
24, 520
50,000
99, 200
25, 000
24, 220
150,000
24, 220
150, 000
156, 563
221, 521
239,346
425, 628
365,282
1, 275, 295
196,114
522, 520
232, 482
378, 564
1,383, 568
215, 390
279,282
571, 000
100,000
do __
100,000
100, 000
Oct. 28.1901
Apr. 17,1895
Aug. 10,1907
Apr. 10,1908
Apr. 26,1912
Sept. 26,1882
Apr. 4,1883
May 19.1902
Apr. 14.1920
May 25,1911
June 24,1865
50, 000
151, 000
100, 000
943,000
25,000
55, 500
25,000
14, 000
50,000
48, 000
50,000
505, 314
50, 000
608,400
25,000
190, 220
50,000
15,000
40,000
95,700
150,000 1,156, 500
200, 000
400, 000
25,000
25, 000
50,000
100,000
125,000
100,000
50,000
40,000
150,000
Aug. 5,1933
Aug. 8,1933
do ...
Aug. 15,1933
do ...
do
A u g . 16,1933
do
A u g . 16,1933
Aug. 18,1933
do
200, 000
385, 560
25, 000
25,000
49, 400
65, 000
100, 000
100,000
24, 550
10,000
149,100
200, 000 1, 066,144
385, 560 1, 228,806
25, 000
10,000
25,000
71, 229
49,400
11,946
65, 000
158,338
100, 000
209, 718
100, 000
284,848
75,860
24, 550
10,000
55,963
149,100
31,896
1, 509,936
2,383, 566
87,689
442,080
174, 650
589, 576
569,674
1, 278, 940
81,124
117, 229
4,373,399
9100
132G4
3931
4877
6419
6628
9932
10987
11324
12009
Feb. 26,1908
Dec. 5,1928
Oct. 5,1888
Feb. 24,1893
Sept. 2.1902
Feb. 9.1903
Jan. 19,1911
Apr. 17,1917
M a r 11,1919
Aug. 19.1921
30,000
200,000
50,000
50, 000
25,000
25,000
30,000
50,000
25,000
40,000
108, 600
315,000
407,500
493,500
86,000
30,000
19,050
5,000
23, 500
20,400
30,000
do
600,000 Aug. 19,1933
100,000 Aug. 23,1933
200,000
do
25,000
do
50,000 . .do
25,000
do50,000
do
25,000
do
40,000
do
30,000
197, 500
99,995
50,000
25,000
50,000
23,000
30,000
197,500
99, 995
50,000
25,000
50,000
23,000
164,915
17,401
168, 675
341,987
64,820
45,421
46,941
9,093
162,646
186, 777
5, 476,286
217,581
1,750,670
155, 272
195,147
95,993
119,068
151,993
39,433
12428 June 27,1923
50,000
1,000
76,020
119,480
100, 000
50,000 ....'-do
W
187,185
1,184, 111
6019
4996
8903
9259
10234
2808
2928
6273
11697
10041
1446
1356 June 1,1865
O
Hrj
o
hrj
w
a
a
o
to
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 81, 1937, dates of organization and appointment oj receiverst
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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Repor tNo.
Organization
2356
2357
2358
2359
2360
2361
2362
2363
2366
2367
2369
2371
2374
2377
2378
2380
2381
2382
2383
2384
2385
2387
2388
2392
2394
2395
2396
2397
2399
2401
2402
Name and location of bank
Union and
Peoples National Bank, Jackson,
Mich.7
First National Bank, Haverhill, Mass.?7
Essex National Bank, Haverhill, Mass.
7
First National Bank, Lebanon, Ind.
__ -..
First National Bank, Louisa, Va.7 7
First National Bank, Lorimor, Iowa _7 9._
First National Bank, Clearfield, Iowa
National Bank of Commerce, Amarillo,
Tex.1 9__
First National Bank, Peru, Ind. 7
- _.
First National Bank, Clay Center, Kans. 7 . . . _
First National Bank & Trust Co., Baraboo,
Wis. 7 .
79
First National Bank, Waynoka, Okla.
First National Bank, Adams, Nebr. 7 »_._•
First National Bank, Hicksville, Ohio 7 9
First National Bank, Elmore, Ohio 77
First National Bank, Kansas, Ohio » 7
First National Bank at Pontiac, Mich.
First National Bank, Hart, Mich. 7
Tri-County
National Bank, Oliver Springs,
Tenn. 7
_
,
_
Midway National Bank, Midway, 79
Pa.7
First National Bank, Fleming, Ky.
First National Bank, Midland Park, N.9J.7
First National Bank, Hatton, N. Dak.i
City National Bank and Trust Co., Niles, Mich.7_
First National
Bank of Trenton, Barnveld,
N. Y.7
Rubey National Bank, Golden, Colo.7 9
Westside National Bank, West Paterson, N. J. 7 .
Grand Rapids
National Bank, Grand Rapids,
Mich.7
First National Bank, New Matamoras,
Ohio 7___
First National Bank, Nappanee, Ind. 7 7
Olney National Bank, Hartford. Mich.
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
to
g
w
1533
481
589
2057
10968
12248
9549
6865
363
3072
3609
9709
9223
4867
6770
11598
13600
6727
June 28,1865
June 23,1864
Nov. 7,1864
Aug. 30,1872
Mar. 24,1917
Aug. 7,1922
Aug. 19,1909
June 26,1903
Jan. 1,1864
Nov. 1,1883
Dec. 8,1886
Mar. 7,1910
Aug. 14,1908
Feb. 14,1893
Apr. 2,1903
Sept. 11,1919
Feb. 26,1932
Apr. 14,1903
11998
6626
11988
12603
6743
13307
June
Feb.
June
Oct.
Apr.
Mar.
$100,000 $1,306, 763
200,000 1, 321, 500
100,000
495, 000
100,000
555, 515
50,000
41,521
35, 000
9,800
25, 000
69, 250
75,000
75,000 1,699, 750
50,000
235, 625
50,000
243,884
25,000
31, 500
25,000
100,000
50,000
132,109
25,000
43, 449
25,000
5,500
500,000
30,000
98,747
$700,000
200,000
100,000
100,000
75,000
35,000
25,000
150,000
100,000
50,000
150,000
25,000
50,000
50,000
37, 500
25,000
500,000
75,000
Aug. 24,1933
Aug. 29,1933
do
do
Aug. 30,1933
Sept. 5,1933
do
do
Sept. 6,1933
do
Sept. 11,1933
Sept. 12,1933
do
Sept. 13,1933
do
do
do
Sept. 14,1933
$700,000
199,997
100,000
100,000
10, 000
50,000
25,000
10,000
50, OGO
25,000
150, 000
22,1921
7,1903
16,1921
6,1924
1,1903
21,1929
25,000
50,000
25,000
25,000
25,000
150,000
20, 250
54,000
58,00C
6,000
59, 000
36, 750
25,000
do
50,000 Sept. 15,1933
25,000
do
50, 000
do
25, 000 Sept. 16,1933
150, 000 Sept. 18,1933
11238 Aug. 30,1918
6497 Oct. 28,1902
12848 July 17,1925
25,000
50, 000
75,000
3,750
214, 000
40,000 Sept. 20,1933
50,000 Sept. 21,1933
75, OGO Sept. 22,1933
500,000
25,000
40,000
25,000
3,405,434
102, 750
72, 400
54, 250
1,000,000 Sept. 25,1933
50,000 Sept. 26,1933
40, 000
do
25,000
do
3293
5999
8785
9854
Jan.
Oct.
June
July
2,1885
7,1901
27,1907
20,1910
35,000
6,250
100,000
50,000
150,000
6,500
10,000
49,640
10,000
25,000
500,000
75,000
$700,000 $1,919,004
199, 997
8,513
100,000
6,824
100, 000
127, 659
32,041
36,857
35,000
30,918
6,250
478, 831
363, 408
100, 000
131,937
50,00C
178,184
150,000
38, 228
6,500
55, 677
10,000
64,735
49, 640
20,562
10,000
8,864
25,000
25, 961
500,000
81, 698
75,000
$7, 621, 645
1,923,434
2, 375,863
539,425
640,872
255,890
103,600
10, 773
1,099, 298
449,968
922,525
106, 019
142,416
178, 681
369, 729
44,886
7, 235,853
346, 501
150, 000
16, 768
14,100
41,374
72, 295
17, 566
232, 780
1, 228, 306
12, 500
25, 000
12,500
25,000
125, 732
385,912
115,138
284, 360
673,445
215,919
500,000
10,000
39, 695
25,000
500,000
10,OGO
39, 695
25,000
2, 456, 322
20, 465
16,259
95,006
12,838,053
330,062
215,985
380,014
58,555
254,917
94, 298
350,035
o
g
O
f
o
0
o
First National Bank, Crescent City, 111.7
9
First National Bank, Carrier Mills, 111.7
First National Bank, Sidell, 111.7 9
First National Bank, Odin, 111.7
First National Bank, Ironton, Minn. 7 79
First National Bank, La Harpe, Kans. 7
Newman National Bank, Newman, 111.
Citizens National Bank, Brazil, Ind.7»
Peoples-American National Bank, Princeton,
Ind.7
First National Bank, Meadow, Tex.7 9
Central Park National Bank, Central Park,
N. Y.7
First National Bank & Trust Co., Cambridge
City, Ind. 7 9
First National Bank
of Marshall County at
Plymouth, Ind. 7
7
First National Bank, Montpelier, Ind.
First National Bank, Boswell, Ind.77 9
First National Bank, Clinton Ind.
Rosedale National Bank, Rosedale,7 Ind. 7 9
First National Bank, Cayuga, Ind. 7
Lynch National Bank, Lynch, Ky.
Cherokee National Bank, Cherokee, Okla.7
Madison National Bank, Tallulah, La.7 79
First National Bank, Kanawha, Iowa
Merchants National Bank, Galena, 111.7 7
First National Bank, Central City, Colo.
First National Bank, Freeport, 111.7 79
Galena National Bank, Galena, 111.
First National Bank, Mancos, Colo.779
First National Bank, Almont, Mich. 79
First National Bank, Brighton, Mich.7 9
First National Bank, Ridge Farm, 111.
First National Bank, New Richland, Minn. 7 9._Knoxville-Citizens 7 National Bank & Trust Co.,
Knoxville, Iowa
Second National Bank, Bel Air, Md. 7
Farmers
& Merchants National Bank, Bel Air,
Md. 7
Citizens National Bank, Romeo, Mich.7 7
First National Bank, Goodhue, Minn.
Mount Ephraim7 9 National Bank, Mount
Ephraim, N. J.
First National Bank, Somers Point, N. J.7
Mechanics National
Bank & Trust Co., Millville, N. J.7
First National Bank, Plumville, Pa. 7 7 9
First National Bank, Cherry Tree, Pa.
National Bank of Newport, Newport, N . Y.7 7
First National Bank in Avon-by-the-Sea, N. J. _.
See footnotes at end of table.
8015
8374
9525
10382
7226
7575
Nov.
Nov.
July
Aug.
Mar.
Apr.
Jan.
Mar.
8,1902
11,1905
23,1906
3,1909
31,1913
11.1904
12.1905
4,1907
25,000
25,000
25,000
25, 000
25,000
25,000
50, 000
100, 000
62, 250
36,625
130, 970
45, 875
42, 250
47,200
189, 000
143,000
25,000
25,000
25,000
25,000
25,000
25,000
50,000
100,000
10551
1292S
May
Feb.
5,1914
8,1926
125,000
25,000
246, 250
125,000
25, 000
Sept. 27,1933
do
do
do
do
Sept. 30,1933
Oct. 2,1933
.do.,
.do..
25,000
25,000
25,000
19, 700
25,000
24,700
50, COO
98, 700
25, 000
25,000
25, 000
19, 7C0
25,000
24, 700
50, 000
98, 700
30, 573
38, 260
32, 312
10, 729
49, 567
31,995
38, 375
63, 598
100, 000
100,000
271, 593
98,891
90,137
106,115
143* 729
67,603
207, 223
421, 683
811,455
37,185
g
206, 225
H
O
8, 538
12951
June 25,1926
70
May 11,1882
.do..
25,000
25, 000
3,1933
49,990
49, 990
do
_do_
do_.
.do..
do_.
.do..
-do..
Oct. 4,1933
do
Oct. 7,1933
Oct. 9,1933
.do_
.do.
.do-,
-do-.
Oct. 9,1933
do
Oct. 10,1933
do
129, 997
50, GOO
6,250
30, 000
25. 000
25i 000
129,997
50, 000
6.250
30, 000
25, 000
25, 000
40, 000
25, 000
25, 000
25, 000
200, 000
24. 820
50, 000
20, 000
40, COO
25, 000
25,000
25, 000
200, 000
24, 820
50,000
20,000
1, 900
115, 500
8,750
130,000
50,000
25,000
60,000
25,000
25,000
50,000
30, 000
50, 000
50, 000
100, 000
25,000
300,000
100, 000
50, 000
25, 000
35, 000
50,000
25, 000
50, 000
50, 000
50,000
50, 000
72,863
50,000
Oct.
189,445
100, 00C
336,000
2119
5278
5476
6480
9006
9189
12649
12049
12923
9018
979
2129
2875
3279
9674
12793
12869
5313
10642
June
Mar.
June
Sept.
Jan.
June
Jan.
Nov.
Feb.
Dec.
Mar.
Sept.
Jan.
Dec.
Jan.
May
Dec.
Apr.
June
19,1873
20,1900
11,1900
25,1902
4,1908
29,1908
21.1925
16,1921
19.1926
L4,1907
7,1865
15,1873
11,1883
23,1884
18,1910
20,1925
18,1925
3,1900
11,1914
50, 000
50, 000
25, 000
30, 000
25, 000
25, 000
50,000
30, 000
50,000
25, 000
125, 000
50, 000
120, 000
100, 000
50, 000
25, 000
25, 000
30, 000
25, 000
466,325!
121, 500
73,000
98, 400
42, 250
112, 500
74, 500
33, 300
12849
3933
Nov. 4,1925
Sept. 7,1888
100, 000
60, 000
6, 568
130,105
100, 000
60, 000
_do_
Oct. 11,1933
100, 000
60, 000
100, 000
60, 000
376, 731
9474
2186
7603
June 30,1909
Aug. 19,1874
Dec. 27,1904
25,000
50. 000
25, 000
80, 250
329, 692
66, 000
100,000
50, 000
25, 000
do
Oct. 12,1933
Oct. 13,1933
25,000
49, 640
25, 000
49, 640
110,211
55, 552
114, 917
402,077
525, 762
352,312
12618
12559
Dec. 22,1924
June 12,1924
25, 000
50, 000
4,250
3,000
25, 000
50, 000
.do.
.do.
38, 047
90, 826
144, 953
203, 091
5208
7887
7000
1655
13560
June
Aug.
Sept.
May
June
250, 000
60, 000
100, 000
50, 000
Ido-do.
.do.
_do.
_do.
361, 002
135, 213
223,499
216, 869
176, 429
626,472
267, 066
850, 604
202,972
179,024
6,1899
25,1905
8,1903
8,1865
29,1931
100, 000
30, 000
25, 000
50, 000
50, 000
78, 25C
661, 750
366, 250
1, 215, 729
473, 000
132, 000
268,
91,
232,
254,
500
200
000
000
50,000
49, 550
49, 550
98, 560
10, 000
98, 020
49, 600
98, 560
10, 000
49, 600
39, 567
208,609
126, 518
63,980
325, 783
18,147
49, 599
121, 768
54, 781
143,159
51, 845
359
7,071
38,744
70,181
206,873
18,820
23, 606
44,315
12, 272
823, 642
271, 564
137,083
1,026,470
132, 709
115, 263
151,604
244, 263
153,987
102, 397
405, 790
223, 540
2, 462,095
2,167, 633
228, 502
166, 910
142, 638
36, 623
124, 111
1,163, 545
1, 004, 256
H
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o
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$3
Q
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O
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a
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—-Continued
Report No.
Organization
Name and location of bank
First National Bank, Birmingham, Mich.?
First National Bank, Channing, Tex.77
First National Bank, Fosston, Minn. __
__
Harriman National Bank & Trust Co. of the
City of New York, New York, N.7 Y.7
2460 First National Bank, Avoca, Mich. 3 7
2461 First National Bank, Waverly, N. Y.
N. Y.7«_
2462 National Central Bank, Cherry Valley,
7
_
2463 First National Bank in Salem, Oreg. 7 9
2464 First National Bank, Humboldt, Iowa7
2466 First National Bank, Grantsville, Md. _ 7
2468 First National Bank, Oak Harbor, Ohio 7
2169 Peckville National Bank, Peckville, Pa.
Mich. 7 ..
2470 Millington National Bank, Millington,
7
2471 First National Bank, Valier, Mont. 7
2472 First National Bank, Conrad, Mont. 7
2475 First National Bank, Hankins, N. 7Y.
2476 First National Bank, Oregon, Wis.
7
2477 First National Bank, Ypsilanti, Mich. 7
_
2478 Peoples National Bank, Monmouth, IU.
7
2480 First National Bank, Dallas City, 111. 7 9
.
2481 First National Bank, Woodstock, Minn.
7
2482 First National Bank, Neillsville, Wis.
7
2483 Falls National Bank, Niagara Falls, N. Y.
2484 First National7 9 Bank of Commerce, Tarpon
Springs, Fla. _ _
-_
7
}485 First National Bank, Marseilles, 111. 7
2487 First National Bank, Shullsburg, Wis.
2488 Pleasant
Unity
National
Bank,
Pleasant
Unity,
Pa.7
M89 Earlville National Bank, Earlville, 111.779
>490 First National Bank in Braidwood,7 9111.
First National Bank, Cresco, Iowa 7
First National Bank, Chelsea, Iowa
First National Bank, Graettinger, Iowa 7 9
2456
2457
2458
2459
111
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
9874 Sept. 7,1910
10949 Jan. 19,1917
6889 June 12,1903
$25,000
25,000
25,000
$207,250
7,750
83,100
$200,000 Oct. 14,1933
25,000
do .-_
30, 000 Oct. 16,1933
$100,000
$100,000
29,997
29,997
Mar. 2,1911
Oct. 4,1915
Feb. 13,1864
Apr. 13,1865
Oct. 8,1885
May 24,1906
Aug. 6,1901
Jan. 15,1903
Feb. 24,1905
May 6,1907
July 12,1909
Mar. 23,1910
Mar. 29,1924
May 25,1914
Nov. 25,1863
May 2,1890
Oct. 2,1900
Feb. 21,1905
Sept. 28,1909
Oct. 16,1919
200,000
25,000
50,000
200,000
75,000
25,000
25,000
25,000
50, 000
25,000
25,000
25,000
25, 000
25, 000
50, 000
75, 000
25, 000
25,000
50,000
100, 000
4, 630,000
35, 500
487, 750
412, 250
419, 875
108, 550
46,000
91,125
240,125
33. 500
34,250
55, 500
do
2, 000, 000
25, 000 Oct. 24, 1933
do
100, 000
do
50, 000
do...
.
200,000
do
50,000
25,000 Oct. 25,1933
do
50, 000
do
150, 000
do
25, 000
do
25,000
do
75, 000
do
25, 000
do
25,000
150,000 Oct. 26,1933
do
75,000
do
75, 000
do
25, 000
do
50, 000
do
100,000
300,000
300,000
100,000
49, 997
100,000
48, 920
25,000
25, 000
49,250
6,250
6,500
75, 000
100,000
49, 997
100,000
48, 920
25, 000
25, 000
49, 250
6,250
6,500
75, 000
12. 500
150,000
49, 997
75,000
25, 000
49, 997
25, 000
12274 Nov. 8,1922
1852 June 27,1871
4055 May 23,1889
50,000
50,000
50,000
4,500
274,875
163, 500
do
75, 000
75,000 Oct. 27,1933
do
50,000
25, 000
50,000
25,000
50, 000
25,000
25, 000
61, 625
68, 500
47, 500
185, 375
53,550
61, 053
25,000
do
50, 000
do
25, 000
do
50, 000 Oct. 30,1933
40, 000
do
25,000
do
9955
10790
297
1136
3405
8277
5943
6632
7785
8723
9520
9759
12549
10620
155
4313
5609
7625
9606
11489
6581
7555
11895
4897
5412
5571
Dec.
Dec.
Dec.
Apr.
May
July
5,1902
6,1904
6,1920
7,1893
17,1900
13,1900
23, 000
712, 250
276, 000
119, 000
41, 500
84,000
37,000
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
$255,855
20,164
40, 730
$2,346,905
72, 666
500,122
12, 500
150, 000
49,997
75, 000
25,000
49,997
25, 000
1, 388, 500
67, 924
16, 000
117, 267
210, 639
206, 731
7,332
37, 678
254,449
37, 644
114,807
107, 020
46,911
116
158, 998
123, 668
52, 295
45, 950
164, 217
227,083
23, 760, 278
237, 075
886, 020
844, 498
1, 420,988
724, 744
321, 755
722, 609
1, 371, 986
82,107
72,103
204,812
188,744
150,239
2, 300, 280
454, 553
92. 533
55; 903
244, 057
1,127,066
49, 580
49, 580
101, 243
200,415
37,877
123,161
405,683
397,671
24, 700
24, 700
50, 000
25, 010
11, 760
50, 000
25,010
11. 760
18, 460
46, 481
75, 278
77, 009
30, 920
53, 751
248, 228
169,332
157,051
275, 507
115, 668
92,944
to
QO
s
Q
O
g
O
E
d
First National Bank, Stanton, Iowa 7
New London
National Bank, New London,
Iowa 7 9
First National Bank, Hubbard, Iowa 7 9 7
Farmers National Bank, Kingsley, Iowa 7
First National Bank, Grand River, Iowa 7
Farmers First National Bank, Rake, Iowa
First National Bank, Marathon, Iowa 7 9 7
First National Bank, Rock Valley, Iowa7
First National Bank, Dunkerton, Iowa
First National Bank, Little Rock, Iowa7 7 9
First National Bank, St. Angsar, Iowa
First National Bank, Whiting, Iowa 7 9 7
First National Bank, Port Norris, N.
J.
First National Bank, Aurora, Colo.7
Federal-American National
Bank
&
Trust
Co.,
Washington, D. C 7
7
Commercial National Bank,Wilmington,
111.
First National Bank, Grayville, 111.797
First National Bank, Steward, 111. 7
First National Bank, Compton, 111.
First National Bank, Ransom, 111.7 9
Central 79City National Bank, Central City,
Nebr.
First National Bank, Sheridan, 111.7 7 9
Farmers National Bank, Dahlgren,7 111.
Farmers National Bank, Viola, 111.
Old-First National
Bank & Trust Co., Fort
Wayne, Ind.7
First National
Bank
of Jewell Junction, Jewell,
Iowa 7 9
First National Bank, New B~erlin, Pa.7 9 7 9
Citizens National Bank, Dickson, Tenn.
First National Bank, Hawkeye, Iowa 77 99
First National Bank, Gouldsboro, Pa.7
First National Bank, Mansfield, Ark.
Webster National Bank, Webster, Mass.77
Lehigh National Bank, Philadelphia, Pa.
First National Bank, Portland, Maine 7
Peoples-Ticonic
National Bank, Waterville,
Maine 7
79
Springvale National Bank, Springvale, Maine
.
District National Bank, Washington, 13.
C.7
7
First National Bank, Richmond, Mich.
Uniontown 1National Bank & Trust Co., Uniontown, Pa.
Chattanooga National Bank, Chattanooga,Tenn.7
Presque Isle National Bank, Presque Isle,7Maine7.
Coast National Bank, Fort Bragg, Calif.7
First-Henry National Bank, Henry, 111.
First National Bank, Park Rapids, Minn.7
See footnotes at end of table.
6434 Apr. 23,1902
25,000
106,500
25,000
25,000
25,000
35,814
339, 690
25,000
25, 000
25,000
25, 000
25,000
50,000
50,000
30,000
25,000
25, 000
25, 000
25,000
25,000
18, 750
105, 650
30, 500
32, 750
25,000
-do.
50, 000
.do.
25,000
.do_
25,000
do
25,000 -—do
25, 000 Oct. 31,1933
50, 000 — .do..
40,000 — .do
25, 000
do
25, 000
.do
25, 000 -—do
100, 00
"" 0. ..do
25, 000
.do
19,820
37,020
25,000
25,000
16, 000
12, 500
49, 760
40, 000
25, 000
24, 820
25,000
23, 950
19, 820
37,020
25,000
25,000
16,000
12, 500
49, 760
40,000
25, 000
24, 820
25,000
23,950
41,807
107, 240
25, 728
22,154
50,827
31,400
106,953
60,438
38, 902
42, 586
84,093
315, 352
101,434
92,802
174,929
106,128
65,927
80, 036
74,446
167, 552
315,152
104, 041
149,150
167, 747
259,313
397,856
500,000 3,078,979 2, 000,000 — d o
397, 500
50.000
50, 000 Nov. 1,1933
182,000
50; 000
50, 000
.do.
88,000
25, 000
50, 000 — d o
59, 000
25,000
25, 000
do
55,250
25, 000
25,000 — d o
49, 817
50, 000
50, 000
50, 000
49, 817 4, 289,129
50, 000
46,056
50, 000
94, 293
50,000
49, 219
30, 552
22,000
6,500
9, 583, 792
184,030
279,886
78, 511
144,109
116, 742
11,119
13, 552
5,718
40,302
212, 597
156,169
125,158
185, 578
1, 750, 000 1, 750,000 7, 782,834
14,443, 693
do.
8352
8970
9116
9737
11735
4789
5200
6722
8119
10684
10861
10036
11682
Aug.
Dec.
Apr.
Mar.
May
Aug.
June
Apr.
Jan,
Dec.
May
Oct.
Mar.
22,1906
3.1907
6.1908
10,1910
12,1920
1,1892
20,1899
1,1903
24,1906
9,1914
2,1916
26,1910
5,1920
10316
1964
4999
6543
7031
Jan.
Mar.
May
Nov.
Nov.
June
15,1913
15,1872
8,1895
20,1902
3,1903
27,1906
Sept.
June
Apr.
June
12,1906
22,1915
2,1930
22,1920
40, 000
25, 000
25, 000
40, 000
20,1884
350,000
Feb.
July
June
Sept.
Oct.
Apr.
Aug.
June
Jan.
28,1901
13.1905
14.1906
16.1907
25,1907
23,1918
15,1918
17,1929
4,1864
25,000
25,000
25,000
25,000
25,000
25,000
100,000
200,000
100,000
4,039, 349
Jan.
7835 June
9545 Sept.
10742 May
28,1865
22,1905
8,1909
24,1915
100,000
25,000
400,000
25,000
1,025, 653
300,000 .....do
163,167
100,000
.do
1,081, 500 1,000,000
,.do85, 250
50, 000
,.do_
Feb.
Dec.
Aug.
Sept.
June
July
4,1924
30,1932
15,1887
30,1909
5,1865
12,1900
250,000
1, 500,000
50,000
50,000
50,000
50,000
8385
10760
13451
11779
3285 Dec.
5743
7897
8292
8900
9072
11195
11236
13341
221
12500
13654
3827
9626
1482
5542
119,446
180,000
120,392
66, 750
13,500
15, 000
111,250
14, 750
158,000
21, 750
12,400
50, 000
25,000
25, 000
40, 000
do
-do.
_do.
.do.
2,084, 750 1, 750, 000 Nov. 2,1933
33,000
19,125
96, 750
27, 500
36, 000
19, 500
90, 500
25,000
25,000
50,000
25,000
25,000
25,000
100,000
200,000
600,000
Nov. 3,1933
..—do
.do.
—do
—do
—do
—do
—do
Nov. 6,1933
250, 000
-do.
1, 500,000
.do.
374, 500
100, 000 Nov. 7,1933
53, 500
100, 000 — d o
501, 500
50, 000
do
215,000
50,000 Nov. 8,1933
6,500
19, 820
25, 000
19, 640
37,495
25,000
25,000
24,050
98,050
19, 820
47, 595
22,231
56, 504
31,026
15,000
8,232
181, 516
225, 321
596, 700
596, 700
149, 525
205, 282
287,888
68, 602
200,996
118, 518
1,127,829
297,072
6, 647, 208
300,000
6,250
903,000
50,000
152,109
300,000
71,813
6,250
903, 000 1,061,693
27, 272
50,000
5,976, 675
2,000,038
6,077, 504
768, 019
12, 500
50,000
295,941
2,944,618
788,461
12, 500
5,277
50,000
178,999
45,800
2,013
9,883, 045
2,498,106
667, 946
636, 757
388, 417
45,800
25,000
19, 640
37, 495
25,000
25, 000
24,050
98,050
sn
w
o
o
O
Q
CO
TABLE NO. 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—'Continued
Organization
Name and location of bank
1
Charter
No.
t,o
ft
&
2550
2551
2552
2553
2554
2555
2556
2557
2559
2560
2561
2562
2565
2568
2569
2570
2571
First National Bank, Huttig, Ark.7
First National Bank, Monroeton, Pa. 7 9
Jefferson County National Bank, Brookville,
Pa. 7 .
First National Bank, Medford, 7Wis. 19
First National Bank, Joliet, 111.
First National Bank, Earlville, 111.7
First National Bank, Woodruff, S. C.7
National Bank of Ellensburg, Wash.7 _
__ __.
First National Bank in Blooming Grove, Tex.7._
National White River Bank, Bethel,7 Vt.7_
Belton National Bank, Belton, Tex.
7
National Bank of Fairmont, Fairmont, W. Va.
_.
Richmond National Bank, New York,7 N. Y.7__First National Bank, Wilsonville, 111. 9 7
Webster National Bank, Webster, N. Y. 9 7
First National Bank, Grand Forks, N . Dak.
First National Bank & Trust Co., Petersburg,
19
2572
2573
2575
2576
2577
2578
2580
Jackson National Bank, Jackson, Minn.
First National Bank, Montour, Iowa 7 9
_
First National Bank, Murray, Ky. 7 _
79
National Black River Bank, Proctorsville,Vt.
__
7
First National Bank, Marion, Ind. . . .
First National Bank, Wilkinsburg, Pa. 7 . . . ___
First Lake County National Bank, Libertyville,
2581
2582
2584
Garrett National Bank, Oakland, Md. 7
National Bank of Commerce, Adrian, Mich. 7
American
Exchange National Bank, St. Louis,
Mo. 7 9
National Bank of Anaconda, Anaconda, Mont.7__
First National Bank of 7The Thousand Islands,
Alexandria, Bay, N. Y
First National Bank, Morrison, 111.7 7
Chilton National Bank, Chilton, Wis.
111.7 9
2585
2586
2587
2588
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Nov. 8, 1933
do
Nov. 9,1933
. . . . do
Nov. 10,1933
do
do
do
do
Nov. 13,1933
do
do
Nov. 14,1933
Nov. 15,1933
do
do
10060
12597
2392
5695
512
3323
10593
11045
13555
962
7509
9462
11655
12630
13145
2570
July
Sept.
July
Dec.
Aug.
Mar.
July
June
June
Mar.
Nov.
June
Feb.
Jan.
Nov.
Sept.
8.1911
15,1924
27,1878
3,1900
1,1864
3,1885
2i, 1914
2,1917
4,1931
14,1865
12,1904
19,1909
17,1920
14,1925
1,1927
12,1881
$25,000
25,000
50,000
25,000
100,000
50,000
50,000
50,000
25,000
75,000
50,000
200,000
200,000
25,000
50,000
50, 000
$86, 375
1,000
744, 500
79,900
2, 932, 500
291, 500
75, 500
21, 500
3515
6992
7469
10779
1383
4189
4728
May
Aug.
Oct.
Aug.
May
Dec.
Apr.
18,1886
24,1903
25,1904
3,1915
22,1865
4,1889
2,1892
100,000
30,000
25, 000
25,000
50,000
100, 000
50,000
1,155,000
113, 200
65, 226
122,000
253, 750
768, 681
613, 500
6514 N o v . 1,1902
6588 J a n . 15,1903
9421 M a y 10,1909
25, 000
50,000
100,000
162,075
301, 250
186,000
100,000
100,000
100,000
do
do._
do
12506 Feb. 19,1924
12542 M a y 7,1924
200,000
100,000
84, 000
12, 500
300, 000
100, 000
do
do
5284 M a r . 24,1900
1033 J a n . 28,1865
5933 J u l y 31,1901
30,000
50,000
50,000
184,400
675,476
161,000
432," 625
232, 450
1, 227,000
246, 941
11,000
686,000
$25,000
25,000
125,000
50, 000
1,040,000
50,000
50, 000
50, 000
25,000
50, 000
50,000
400,000
400,000
25,000
50,000
400,000
700,000 Nov. 16,1933
80,000
do _
do
30,000
100,000 Nov. 23,1933
50,000 Dec. 5,1933
do
350,000
do
400,000
50,000 Dec. 7,1933
do
100,000
do
50,000
Lawful
money
deposited
Circulation outstanding
at date
of failure
$25,000
$25,000
50,000
50,666
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$32,966
3,000
162, 622
196,883
29,075
81, 208
53,175
61, 622
71, 606
20,000
1,070, 786
1,030,954
16, 276
17,022
990,927
Total
deposits
at date of
failure
$90,946
185,009
1,470,625
107,000
6,075,283
203,377
73, 590
200, 503
59, 515
1, 204,762
256,213
4,478,625
3,155,569
71,122
397,243
3, 684, 515
50,000
50,000
50,000
25,000
50,000
24, 640
400,000
335,480
25,000
50,000
399, 995
50,000
25,000
50,000
24, 640
400,000
335, 480
25,000
50,000
399, 995
692,200
692, 200
30, 000
100,000
25,000
350,000
400,000
30, 000
100,000
25,000
350, 000
400,000
1,147,880
35, 657
76,103
146,493
8,399
734,847
656,979
156, 591
922,431
247,848
2,400, 774
4,670,447
98,440
98, 917
100,000
98,440
98,917
100,000
1,057
96, 715
119,424
987,864
834,893
682,339
49, 63?
49, 637
324,162
95,181
1,783,653
526,800
14, 995
49, 700
49,400
14,995
49, 700
49,400
334,982
87,059
90, 595
584,207
192,822
274,261
3,061,875
to
o
5
n
o
o
I
o
o
d
3
o
First National Bank, La Harpe, 111.7 7
First National Bank, Swanville, Minn. 7
Romulus National Bank, Romulus, N. Y.
First National Bank, Keyser, W. Va.7
First-Kenmare
National Bank, Kenmare, N.
Dak.7
First National Bank, Marmarth, N. Dak.7 7
Farmers National Bank, Hendricks, Minn.
Farmers
& First National Bank, New Castle,
Ind.7
First National Bank, Holland, Minn.7 9
Tulpehocken National
Bank & Trust Co., Philadelphia, Pa.7
First National Bank, Tamaroa, 111.77
State National Bank, Windsor, Vt.
First National Bank, White Lake, S. Dak.7
Farmers & Merchants National Bank, Milbank,
S. Dak.i 9
First National Bank, Gary, S. Dak.77
First National Bank, Hayti, S. Dak.
First National Bank, White Bear Lake, Minn.7..
First National Bank, Del Rio, Tex.i 9 7
First National Bank, Rochester, Mich.
Day & Night National Bank, Pikeville, Ky.i »_..
First National Bank, Stone Lake, Wis.7 7 9
First National Bank, Canton, S. Dak. 7
Farmers National Bank, Freeport,7 Pa.
First National Bank, Canton, 111. 7
.___
Canton National Bank, Canton, 111.
_'___
Millbury National Bank, Millbury, Mass.7
Union National Bank, Atlantic City,
N. J.i
First National Bank, Arthur, 111.7 9
Union National Bank, Fostoria, Ohio 7
First National7 Bank of Douglas County at Castle
Rock, Colo. 9
Cooperstown
National Bank, Cooperstown,
N. Y.7
Mountains National Bank, Tannersville,7 N. Y.7_
First National Bank, St. Albans, W. Va.7___.
First National Bank, Portsmouth, Ohio
Orange National Bank, Orange, N. J.7 7
First National Bank, Canonsburg, Pa.
National Citizens Bank, Charles Town.1 W. Va.7_
Union National Bank, New Castle, Pa.
First National Bank, New Wilmington, Pa."
National Bank of Clayville, Clayville, N. Y.7 9___
National Shoe & Leather Bank, Auburn,
Maine 7 .
First National Bank, Hull, Iowa 7 9
79
Citizens National Bank, Oaldwell, Ohio 7
First National Bank, East Orange, N. J.
Noble County National Bank in Caldwell, Ohio7 •_
See footnotes at end of table.
20,1906
29,1916
3,1920
5,1902
50,000
25, 000
25,000
60, 000
11, 250
171, 400
6555 Dec. 12,1902
9082 Mar. 24,1908
9457 M a y 10,1909
25,000
25,000
25,000
Aug. 11,1910
11724 M a y 4,1920
100,000
25,000
13185 Mar.
Mar.
7721 Mar.
8291 June
6,1928
9,1907
25,1905
22,1906
200, 000
25,000
25,000
25, 000
61,850
81. 250
39,000
Apr.
Mar.
Nov.
June
Apr.
June
Feb.
Jan.
Nov.
Aug.
Apr.
Nov.
Oct.
Aug.
Oct.
June
27,1907
1,1909
3,1915
14,1921
2,1900
2,1908
28.1921
24,1913
3,1882
1,1904
2.1864
17,1886
25,1864
14,1890
31,1899
19,1908
25, 000
25,000
25,000
25, 000
30,000
50,000
100,000
25,000
50,000
50,000
50,000
50, 000
100, 000
100, 000
50,000
100,000
99, 250
66,000
21, 000
11,000
391,875
169.000
8,000
7,500
160,500
79, 500
707,875
459, 750
558,184
323, 000
204, 375
194,000
6556 Dec. 12,1902
25,000
74, 750
Nov.
10824 Jan.
11739 M a y
6205 Mar.
9393
10800
11987
5294
9218
11944
10322
2830
7366
415
3593
572
4420
5233
9192
7305
11057
9640
68
131
4570
7270
8503
9554
11277
2270
6953
6458
12338
13154
Mar.
June
Dec.
Aug.
June
Apr.
May
Dec.
Aug.
Dec.
May
Aug.
Sept.
Mar.
Dec.
26,1904
30,1917
29,1909
8,1863
13,1865
1,1881
16,1904
31,1906
25,1909
4,1918
24,1875
14,1903
9,1902
13,1923
12,1927
50,000
_ do
25,000 _.__ do
do
25, 000
80, 000 Dec. 8,1933
12, 500
20,000
5,000
58, 680
12, 500
20, 000
5,000
58,680
96,721
54,142
21,875
184, 914
217,055
133,019
79,991
980,867
85, 500
25, 750
19, 500
25,000
25,000
25,000
_ do
do _
16, 250
25, 000
24, 700
16, 250
25,000
24, 700
84,431
30,171
182,924
137, 294
132,072
254, 613
197,000
200,000
25, 000
do
do
199,400
199, 400
294,959
41, 671
1,064,872
40, 370
24, 347
24, 347
10,000
10,000
90, 570
39,977
35,735
130,659
129,848
443,036
975, 253
97,420
24, 750
24, 750
50,000
50,000
25. 000
50,000
50,000
99, 700
99, 997
50, 000
25,000
50, 000
50,000
99, 700
99, 997
50, 000
50,000
75, 000
50,000
75, 000
63, 537
183, 225
75, 603
68,144
422,815
290.436
78,834
24,941
158,935
2,059
60,103
112,492
77,191
564,117
33, 368
259, 716
12, 500
79,946
199,044
40,161
167, 280
32,490
406,086
1,109,418
259,287
99, 965
100,000
65,063
81, 735
408,081
32,140
13, 662
216,262
4,256
560,894
242, 755
290, 756
4, 212, 610
4,151, 235
1, 958, 617
207, 626
70, 500
50,000
51,000
25,000
25,000
25,000
54, 250
110,000 1, 643. 275
200,000 1, 828, 000
50, 000
573, 600
50, 000
114, 250
118, 500
100,000
132, 250
40,000
25, 000
815, 000
200,000
105, 000
35,000
192, 000
60,000
76, 000
100,000
60, 000
200, 000
40, 000 Dec.
9,1933
50,000 Dec. 11,1933
25, 000
do
75,000
35,000
25, 000
25, 000
100,000
100, 000
100, 000
25,000
50, 000
50,000
100,000
125, 000
50, 000
100,000
50. 000
125,000
do
do
do
Dec. 11,1933
Dec. 12,1933
.
do
do
do
Dec. 13,1933
do
do
do
do
do
do
Dec. 15,1933
50,000 D e c .
50,000
50, 000
25, 000
400,000
500,000
200, 000
50, 000
100, 000
50,000
25, 000
200, 000
35, 000
60, 000
200, 000
60, 000
18,1933
-_ do
do
do
Dec. 19.1933
do
.__ do
do
do
do
do
do
Dec. 20,1933
Dec. 21,1933
do
do
_
12, 500
50,000
25,000
19, 000
400, 000
50,
25,
19,
400,
000
000
000
000
100, 000
50,000
100, 000
50, 000
50,000
50, 000
200, 000
35, 000
60,000
200,000
35, 000
60,000
60,666
60,666
293, 527
106, 964
306,521
s
o
o
1,493,812
39, 704
389,132
651,204
877,893
816,862
617,449
o
E
195,195
732, 633
925,426
161,831
3, 243, 788
122,902
666,974
1,111,885
443, 549
w
d
to
TABLE N O . 32.—-National banks in charge of receivers during year ended Oct. 31, 1987, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Report No.
Organization
Name and location of bank
2642
2643
First National Bank in Gibsland, La. 7
Bellefontaine
National Bank, Bellefontaine,
Ohio 7
First National Bank, Swayzee, Ind. 7
7
Hastings National Bank, Hastings, Mich.
First National Bank, Paw Paw, Mich.7___
7
Welden National Bank, St. Albans, Vt.
7
First National Bank in Bessemer, Ala.
.___
First National Bank, Hancock, Md. 77
First National Bank, Russellton, Pa. 7
First National Bank, Wyandotte, Mich.
First National Bank, Litchfield, Nebr. 7
First National Bank, Lykens, Pa. 7
First National Bank, Woodsfield, Ohio 7 7
Public National Bank, Rochester, N . H.
Commercial National Bank, Fond du Lac, Wis. 7 .
Morris National Bank, Morris, Minn. 7 9 5
First National Bank, Chattanooga, Tenn. 7
Pittsfield National Bank, Pittsfield, Maine.7
First National Bank, East Palestine, Ohio
Union National Bank, Massillon, Ohio l
First National Bank, Finleyville, Pa. 7
Farmers National Bank, Lake Geneva, Wis. 7 9 ...
First National Bank, Branchville, N . J. 77
Palmyra National Bank, Palmyra, N . J. _.
Fort Fairfleld
National Bank, Fort Fairfield,
Maine7.
..
7
First National Bank, Crafton, Pa.
First National Bank, Roseto, Pa.7__ 7
Calais National Bank, Calais, Maine
Farmers National Bank, Houlton, Maine77
Citizens National Bank, Stoughton, 7Wis.
First National Bank, Burnham, Pa. •
Farmers
& Wabash National Bank, Wabash,
Ind. 7
2644
2645
2646
2647
2648
2649
2650
2651
2652
2653
2654
2655
2657
2658
2659
2660
2661
2662
2663
2664
2665
2666
2667
2668
?66Q
2670
2671
2672
2673
2674
Charter
No.
Date
13169 Jan. 16,1928
1784 Aug. 12,1870
Capital
$25,000
100,000
Failures
Total
dividends
paid during existence as a
national! Capital
Receiver
banking
appointed
association
$426,200
$25,000 Dec. 21,1933
100,000 Dec. 26,1933
Lawful
money
deposited
Circulation outstanding
at date
of failure
$100,000
$100,000
50,000 . . . . d o
50,000 Dec. 27,1933
75,000 Dec. 28,1933
100,000
do
100,000
do
30,000
do
25,000
do
150,000
do
25, 000 Dec. 29,1933
50.000
do
50,000 Jan. 2,1934
150,000
do
500,000
do
25,000
do
2, 500,000 Jan. 3,1934
50,000
do
25,000
do.
_150,000
do
25,000 Jan. 4,1934
50,000 Jan. 5,1934
50,000 Jan. 6,1934
50,000
do..
49,997
50,000
24, 760
49,400
78, 570
29,700
25,000
50,000
10,000
50,000
48,980
100,000
372,450
25,000
49,997
50,000
24, 760
49, 400
78: 570
29\700
25,000
50,000
10,000
50,000
48,980
100,000
372,450
25,000
50,000
25,000
50,000
25,000
25, 555
50,000
25,000
12, 500
25,000
50,000
25,000
12, 500
12, 500
50,000
12, 500
50, 000
49,400
25,000
50, 000
25,000
49,400
25,000
50, 000
25,000
157,550
157,550
8820
1745
1521
3482
6961
7859
10493
12616
8093
11062
5414
11893
6015
6310
1606
4188
6593
1318
6420
5592
7364
11793
July
Nov.
May
Feb.
Aug.
July
Feb.
June
Feb.
July
May
Oct.
Oct.
Apr.
Oct.
Oct.
Dec.
June
Sept.
Sept.
June
July
22,1907
25,1870
29,1865
17,1886
25,1903
21,1905
17,1914
14,1924
2,1906
24,1917
15,1900
28,1920
29,1901
15,1902
25,1865
15,1889
20,1902
10,1865
6,1902
4,1900
20,1904
2,1920
25,000
115,300
50,000
410, 500
50,000
600, 740
100,000
339,000
100,000
513,000
30,000
49, 500
25,000
74, 500
150, 000
6,000
25,000
89 250
50,000
39^ 750
50,000
106,000
100,000
73,000
125,000
829, 375
25,000
30, 500
200,000 4, 281, 250
50,000
261,500
25,000
37, 250
100,000
763, 250
25.000
26, 750
30,000
103,100
25,000
81, 500
50,000
21,500
4781
6010
13002
1425
4252
9304
11257
May
Mar.
Oct.
May
Jan.
Nov.
Sept.
23,1892
5,1901
7,1926
30,1865
27,1890
25,1908
21,1918
50,000
25, 000
50,000
100,000
50,000
50,000
25,000
354,800
71, 625
605,170
223, 500
78,500
3,500
200,000 Jan. 8,1934
50,000
do...
50,000
do
100,000 Jan. 9,1934
do
50,000
50,000 Jan. 10,1934
..do
25,000
6309 June 13,1902
100,000
288,950
160,000 Jan. 11,1934
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
to
fcO
Total
deposits
a t d a t e of
failure
$15,213
339,433
$87,218
887,595
42, 759
55,915
49,521
474,498
251,239
185,486
62,929
147,191
52, 701
121,196
40, 714
50, 536
634.169
76,324
6.003,349
101, 743
58, 556
202,340
74, 591
141,889
105,951
223,400
276,874
760,971
494,501
1, 533, 772
1,037,997
501,020
419,405
655,202
156,451
196,747
752,650
2,069,675
2,628,689
148,303
760, 769
215, 229
62,957
189,710
130,681
38,350
1,092,787
806,628
259,106
1,760,092
742,161
387,036
138,644
241, 784
1,459,185
1,991,189
1,249,328
w
o
M
538,860
350,660
728,896
337,790
a
Montpelier National Bank, Montpelier,
Ohio 7._
7
First National Bank, Monticello, 111.
7
First National Bank, Savanna, 111. 7
First National Bank, Mascoutah,
111.
State National Bank, Peru, 111.7
First National Bank, Chadwick, 111.7 7 «.
First National Bank, Hampshire, 111. »
National Bank of Niles Center, 111.7 7
National Bank of Bellows Falls, Vt.
Caribou National Bank, Caribou, Maine 7
First National Bank in Ponca City, Okla.7
Anaheim First National Bank, Anaheim, Calif.7Farmers-Merchants
National Bank, Princeton,
7
Wis. »
Crestwood National Bank, Tuckahoe, N. Y.7 7
Mount Airy National Bank in Philadelphia, Pa.
_
Commercial National Bank in Jefferson, Tex.19_.
National Bank of Pico, Calif.7 9__.
7
National Bank of Orange County at Chelsea,
79 Vt. Miners National Bank, Ishpeming, Mich.
7
First National Bank, Birdsboro, Pa.
Salt Springs National Bank, Syracuse, N. Y.7__.
Wilshire National Bank, Los Angeles, Calif.7 9._.
Cedar Rapids
National Bank, Cedar Rapids,
Iowa l
First National Bank, Darby, Pa.7
Seven Valleys National Bank, Seven Valleys,
Pa.7 9
First National Bank & Trust Co., Yonkers,
N. Y.7
Edisto National Bank, Orangeburg,79 S. C.7
First National Bank, Eaton, Colo.
First National Bank, Van Buren, Maine 7
National City Bank, New Rochelle, N. Y.7
First National Bank, Greenup, KyJ
_.
First National Bank, Lintbn, Ind*7 7
First National Bank, Logan, W. Va. 19
First National Bank, Youngsville, Pa.
Farmers National Bank, Fairfax, S. Dak.i * 7
First Inland National Bank, Pendleton,
Oreg. . _
First National Bank, Brockport, N. Y 7
First National Bank & Trust Co., Mamaroneck,
N.Y.i
Wabash National Bank, Wabash, Ind.19
7 9
UnitedStatesNationalBank,Vancouver,Wash.
.
First National Bank, Marietta, Ohio77
First National Bank, Jasonville, Ind. 7
First National Bank, Edgewater, N. J.
7
First National Bank, Johnstown, Pa.
First National Bank, Bryan, Ohio 7
Seneca National Bank, West Seneca, N. Y.7
See footnotes at end of table.
5341
4826
8540
9736
13577
5619
11602
13218
1653
6190
9801
10228
12575
12940
13113
13450
13L79
49^9
5668
3905
1287
12577
3643
Apr. 21,1900
Nov. 17,1892
Jan. 30,1907
Mar. 28,1910
Nov. 9,1931
Nov. 1,1900
Jan. 26,1920
June 14,1928
June 12,1865
Feb. 12,1902
June 28,1910
June 26,1912
Aug. 30,1924
Mar. 18,1926
Aug. 8,1927
Apr. 3,1930
Feb. 4,1928
Sept. 9,1893
Dec. 26,1900
Apr. 26,1888
May 20,1865
Aug. 14,1924
Feb. 28,1887
July 15,1890
9507 May 25,1909
50,000
100,000
50, 000
50, 000
150. 000
25,000
25,000
100, 000
100,000
50,000
50, 000
50,000
40, 000
8,000
50, 000
7,000
100,000
25,000
50,000
50,000
150,000
486,000
100, 000
276, 750
50,000
200, 000 2, 249,000
52,000
200,000
40, 000
100,000
125,000
25,000
50, 000
50,000
100, 000
50,000
800,000
200, 000
100,000 1, 447, 500
50, 000
407, 500
600,000 J a n . 23,1934
250,000
do
19, 250
Dec. 9,1864
Oct. 19,1914
Dec. 7,1901
June 9,1914
Aug. 18,1902
Oct. 31,1903
July 25,1904
Feb. 19,1906
Mar. 10,1906
Feb. 3,1923
Oct. 19,193.1
Apr. 4,1864
150,000 1, 394, 774
100, 000
195, 000
25, 000
107,138
25, 000
62, 250
100,000
945, 500
25, 000
107,000
50, 000
170, 300
50, 000
283, 500
30,000
64,500
50, 000
400,000
50, 000
468, 607
5411
3935
9646
142
7342
8401
51
237
12925
May 28,1900
50.000
287,000
120,000
392,000
100, 000
64, 500
50, 000 1, 654, 250
25,000
130, 250
25,000
20, 500
100,000 2,177, 000
50,000
663, 335
50, 000
9,000
15,1888
11,1910
14,1863
11,1904
12,1906
15,1882
8,1863
27,1925
12,1934
do .. . . do
do
124,081
23, 250
9,000
687,000
126, 500
195,000
62, 500
653
10650
6057
10628
6427
7037
7411
8138
8165
12325
13576
382
Aug.
Jan.
Nov.
July
July
June
Oct.
July
Jan.
60,000
150, 000
100, 000
100, 000
150, 000
50,000
25,000
100,000
100,000
100, 000
50, 000
75,000
25, 000
164,900
459,500
166,250
172,750
do
do
do
Jan.
.
do
do
do
J a n . 36,1934
J a n . 16,1034
J a n . 17,1934
do
J a n . 19,1934
J a n . 22,1934
do
37, 500
99,600
98, 860
49,997
50,000
49, 600
99, 250
12. 500
49, 250
50,000
99,
12,
49,
50,
250
500
250
000
52,173
44, 284
54,574
97,~316
53,130
26,433
84,702
161,172
825,839
46,146
262, 080
._
25,000 .
1,000, 000
110,000
50, 000
75, 000
500.000
50,000
100, 000
150,000
50, 000
15,1934
do
do
do. .
37,600
99,600
98, 860
49, 997
50, 000
49, 600
do
„
do
do
Jan. 26,1934
Jan. 31,1934
Feb. 1,1934
do
.
do
do
do
400,000
do
75, 000 Feb.
2,1934
do
150,000
200,000
do
100, 000 Feb.
5,1934
500, 000
do - .
50, 000
do
50, 000
do
400, 000 .
do
150, 000 Feb.
7,1934
50,000
do
345, 231
261,411
9,193
39,367
43,092
191, 605
145, 881
1,144, 260
103,956
307,918
393,973
377, 513
o
125,389
863, 714
2,147,928
814, 354
4,165, 850
235,038
w
100, 000
1, 608, 526
1,229,963
2, 967, 666
25, 000
36,277
209,439
4,459, 262
639,361
84, 703
257, 350
3,119, 707
10,450
701
946, 739
53,183
29, 225
1,208,898
158,607
12, 746, 547
1, 543,498
255,432
269,084
7,127, 736
'
395,360
846, 220
1,978,132
100, 000
100,000
49,997
100, 000
48, 260
49,997
100, 000
48, 260
100, 000
25,000
295,
110,
49,
12,
700
000
995
500
295,
110,
49,
12,
700
000
995
500
24, 640
100, 000
12,500
47, 960
24,
100,
12,
47,
640
000
500
960
99,995
50, 000
100, 000
500,000
25, 000
39,050
397, 650
14P, 640
438,103
627,083
616,396
654, 291
1, 372, 748
119,811
185, 383
868, 539
480, 305
1,131, 645
1,107, 639
368,375
99. 995
50,000
100,000
500,000
25,000
39,050
397,650
149, 640
1,852,011
27,085
103
687, 257
42, 231
81,643
2, 372, 076
103, 863
143,334
3,181, 589
1,444,630
1,023, 579
2, 329,475
370, 774
890,871
11,011, 789
802,053
627,266
H
o
o
F
o
H
W
o
cj
3
Q
to
CO
TABLE NO. 32.—National banks in charge of receivers during year ended Oct. 31, 1937, dates of organization and appointment of receivers, to
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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—-Continued
Organization
Name and location of bank
Farmers National Bank, Bryan, Ohio 7
First National Bank, West Allis, Wis. 7
First National Bank, Hempstead, N. Y. 7
Bright National Bank, Flora, Ind. 7
Security National Bank, Randolph, Nebr. 7
First National Bank, Mountain Grove, Mo. 7
Union National Bank, Scranton, Pa. 7
Macon Ridge National Bank, Delhi, La. 7
Elmhurst National Bank, New York, N. Y. 7
Newtown National Bank, New York, N. Y. 7
First National Bank in Lowell, Ind. 1
First National Bank in Ness City, Kans. 7
County National Bank, Clearfield, Pa. 7
Citizens Third National Bank & Trust Co.,
Qreensburg, Ind. 7
First National Bank, Enosburg Falls, Vt. 7 »
First National Bank, Coeburn, Va. 7
First National Bank & Trust Co. in Orlando, Fla. 7
First National Bank, Holly Grove, Ark. 7 9
First National Bank & Trust Co., Fleetwood,
Pa. 7
Farmers National Bank, Oxford, Pa. 7
First National Bank & Trust Co. at Flint, Mich.7_
First National Bank, Freeland, Pa. 7
First National Bank, East Rutherford, N. J.7
First National Bank, Clarksville, Tex. 7
First National Bank, La Grange, 111.7
First National Bank, Fremont, Ohio 7
First National Bank, Eaton Rapids, Mich. 7 9
First National Bank, Lyndhurst, N. J. 7
Stockgrowers & Farmers National Bank, Wallowa, Oreg.7___
Yardley National Bank, Yardley, Pa. 7
.
First National Bank & Trust Co., Ludington,
Mich. 7
Charter
No.
Date
2474
6908
4880
8014
7477
7282
8737
10912
13035
13379
5931
8142
855
Mar.
June
Mar.
Dec.
Nov.
Mar.
May
Sept.
Jan.
Sept.
July
Feb.
Feb.
2844
7614
6899
10069
12296
Dec. 4,1882
Feb. 11,1905
July 21,1903
Aug. 1,1911
Dec. 7,1922
2906
10997
6175
12228
3973
12653
5
2367
10417
June
Feb.
Apr.
Feb.
May
Jan.
Feb.
May
July
May
26,1880
27,1903
2,1893
13.1905
2,1904
3,1904
4,1907
11,1916
5,1927
6,1929
11,1901
17.1906
6,1865
Capital
Total
dividends
paid during existence as a
national
banking
association
$50,000
$473, 500
25,000
264, 375
50,000
700, 000
25,000
41, 250
50,000
150, 750
25,000
51, 500
500,000
780,000
25, 000
16, 250
200,000
200,000
50, 000
83,000
25,000
62, 750
100, 000 3,067,847
Failures
Capital
Receiver
appointed
Lawful
money
deposited
$200,000 Feb. 8,1934
150,000 Feb. 9,1934
500, 000 Feb. 13,1934
25, 000 —do.
do
50, 000
25, 000 Feb. 19,1934
500,000 Feb. 21,1934
do
25, 000
200,000 ..—do
do
200,000
50, 000 — d o
do
25,000
500, 000 Feb. 26,1934
$198,500
148, 560
250, 000
25, 000
50,000
12, 320
500, 000
25, 000
100, 000
25,000
495, 237
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
$198, 500
$64, 268
148, 560
342, 688
248, 801
250, 000
25, 000
26, 298
129,419
50,000
12, 320
50, 806
500,000 1, 451, 031
25, 000
73, 844
100, 000
105, 957
138, 218
34, 305
25,000
116, 384
495, 237 1,175, 007
Total
deposits
at date of
failure
$1,382, 020
1, 548,112
4,149, 523
300,822
197, 421
149, 800
2, 911, 055
137, 404
692, 607
451,093
o
o
o
225, 745
3, 428, 707
50, 000
25, 000
25, 000
50, 000
25,000
549, 750
39, 750
198, 566
149, 000
16, 250
do
150, 000
25, 000 .....do
100,000 Feb. 27,1934
200, 000 .....do
25, 000
do
140, 000
19, 995
100, 000
50, 000
10, 000
140, 000
19, 995
100,000
50, 000
10, 000
310, 530
122, 082
108, 842
515, 525
33,879
601,065
634, 276
211,297
2,114, 277
30, 597
20,1907
27,1883
13,1917
15,1902
31,1922
26,1889
18,1925
23,1863
3,1877
20,1913
25, 000
75,000
200, 000
50,000
50, 000
50, 000
100, 000
100, 000
50, 000
50, 000
161,000
254, 250
424,000
177,250
11, 000
264, 000
11,000
734, 500
277,475
116, 500
do
125, 000
75,000 ..—do
400, 000
.do.
150,000 Feb. 28,1934
50, 000 Mar. 1,1934
.do.
50, 000
100, 000 Mar. 2,1934
200, 000 Mar. 5,1934
do
50, 000
do
100, 000
125, 000
73,800
200, 000
75, 000
125,000
73, r ~
200, 000
75, 000
99, 550
25, 000
99, 997
99, 550
25, 000
99, 997
202, 724
137,105
667, 224
65,900
96,712
29, 673
10,417
263, 663
102, 957
329, 261
567, 716
408,388
6, 697, 624
2,035,377
455,028
288,430
536,677
2, 076,116
415, 795
938,937
9002 Oct. 26,1907
4207 Oct. 25,1889
50,000
50, 000
95, 500
233, 500
50,000 Mar. 6,1934
125,000 Mar*. 7,1934
25,000
100,000
25,000
100,000
100,680
166,1
138,818
325,514
A u g . 28,1882
50,000
542, 500
100,000 Mar. 8,1934
99,160,
99,160
105, 567
873,847
2773
8
w
d
a
First National Bank, Urbana, 111.*
Collingswood
National Bank, Collingswood,
N.J. 7
7
Capitol National Bank, Lansing, Mich.
First National Bank, Manawa, Wis.7
First National Bank, Dawson Springs,
Ky. 7
First National Bank, Granville, 111.7
Farmers National Bank, Cotton Plant,7 Ark.7
Grand National Bank, St. Louis, Mo.
Taylorville National Bank, Taylorville, 111.1
New Albany National Bank, New Albany,7 Ind.7_
Second National Bank, New Albany, Ind. 7_--__Citizens National Bank, South Bend, Ind. _--_.Wisconsin National Bank, Watertown,
Wis.7.__First National Bank, Ambler, Pa. 7
Bethlehem National Bank, Bethlehem,
Pa. 7 .
Old National Bank, Waupaca, Wis.77
First National Bank, Honaker, Va. .__ 7
First National Bank, San Gabriel, Calif.
9___-__.
First National Bank, Windsor, Mo. 7 9
Boulder National Bank, Boulder, Colo.3 7 9__
7
First Sterling National Bank, Sterling, 111.
7
Elk National Bank, Fayetteville, Tenn.
7
First National Bank, Hillsdale, Mich.
First National Bank, Toledo, Ohio 7 7
State National Bank, Shawnee, Okla.
First National Bank, Perry, Okla.7 s .
First National Bank, Webster Springs, W.
Va.7-__
Citizens National Bank, Franklin, Ind.7__ 7
Carlstadt National Bank, Carlstadt, N . J. -_
First National Bank, Grundy Center, Iowa l 9
First National Bank, Hendricks, Minn.i
9
First National Bank, Clarion, Pa. 7
_._
First National Bank, Camden, Ark.3 7
Farmers National Bank, Fayetteville, Tenn. 7
Arkansas National Bank, Fayetteville,
Ark.i
First National Bank, Rockwood, Pa. 7
Farmers & 7Merchants National Bank, Rockwood, Pa.
First National Bank, Council Bluffs, Iowa 7
Tower City National Bank, Tower City, Pa.7_ __7
First National Bank & Trust Co., Frackville,
Pa.
Carrollton National Bank, Carrollton,
Ky. 7
First National Bank, Oxford, N . Y.7_.
Whitman
County National Bank, Rosalia,
Wash.7 9
East Berlin National Bank, East Berlin,
Pa.7
First National Bank, Naperville, III.7
Lee County National Bank, Marianna,
Akr.7
7
First National Bank, Indiana, Pa.
7
First National Bank, Elton, La.
See footnotes at end of table.
2915 M a r . 29,1883
8148
8710
11548
10458
12219
12220
8940
775
2166
4764
1010
3220
3961
4424
10252
12253
9519
3246
1717
8555
168
91
6416
6972
8360
3967
5416
3225
6468
774
4066
10198
8786
5340
Nov.
Jan.
Feb.
Nov.
Oct.
May
June
Apr.
Jan.
Aug.
May
Feb.
May
Dec.
Sept.
Aug.
Sept.
July
Aug.
Sept.
Jan.
Dec.
June
Sept.
Sept.
June
Jan.
May
July
Aug.
Jan.
June
Apr.
June
Apr.
1479
6117
7860
3074
273
May
June
Jan.
June
Oot.
Feb.
50,000
511,500
16.1907
21,1919
17,1913
29,1922
5,1922
6,1907
3,1865
6,1874
2,1892
27,1865
12,1884
10.1888
6,1890
5,1912
5,1922
12,1909
19,1884
15,1870
31,1907
16,1863
10,1865
2,1902
15,1903
30,1906
3,1889
21,1900
10,1884
6,1902
23,1865
22.1889
18,1912
8,1907
28,1900
25,000
100,000
25,000
25,000
50, 000
25,000
200,000
150,000
300,000
100,000
100,000
50,000
55,000
50,000
50,000
25,000
50,000
50,000
50,000
100,000
75,000
50,000
200,000
100,000
50,000
25,000
50,000
30,000
50,000
25,000
100,000
50,000
50,000
100,000
25,000
147,132
987, 500
62,500
4,800
69,000
12, 750
202,000
186,000
1,300,050
1,084,000
934, 250
484, 250
420, 750
197, 500
77,100
26,000
34,000
261, 250
1,184, 829
246, 000
537,083
3,481, 500
255,000
121, 875
17,000
304, 250
195,000
282,000
87.250
562,000
378, 375
48,000
276, 500
114, 500
4,1910
1,1865
22,1902
22,1905
23,1883
10,1864
25,000
50,000
25,000
50,000
60,000
70,000
11, 250
982,000
199, 750
202, 648
194,900
895, 000
1,1905
16.1906
9273 Sept. 28,1908
6878 May 27,1903
4551 Feb. 26,1891
10854 May 4,1916
313 Dec. 10,1863
11541 Nov. 13,1919
40, 000
118,500
25, 000
94,000
50,000
273, 375
50,000
63,800
200,000 1, 706, 000
50,000
50,000 Mar. 13,1934
12, 500
100,000
do
600,000
do
25,000 Mar. 14,1934
do
40,000
50,000 Mar. 15,1934
25,000 Mar. 19,1934
do
700,000
do
150,000
M
a
r
. 23,1934
150,000
do
300,000
700,000
75,000 Mar. 26,1934
250,000 .... do
300,000 .... do
do . . .
50,000
35,000 ... do
50,000 Mar. 27,1934
50,000 Mar. 28,1934
50,000
do
200,000 Mar. 29,1934
75,000 Mar. 30,1934
100,000 Apr. 3,1934
do
500,000
100,000 Apr. 9,1934
50,000
do _
25,000 .... do
100,000 Apr. 10,1934
do
100,000
50,000 Apr. 11,1934
25,000
do
100,000 Apr. 16,1934
do_ ...
150,000
50,000
do
150,000
do
25,000 Apr. 20,1934
100,000
600,000
25,000
40, 000
25,000
do
300,000 ..._ do
50,000 .... do
125, 000 Apr. 23,1934
60,000 Apr. 25,1934
100,000
do
50,000
25,000
75,000
80, 000
200,000
50,000
do
Apr. 26,1934
Apr. 27,1934
M a y 1,1934
M a y 2,1934
do. _.
12, 500
164, 204
647,096
1, 217,393
12,446,482
300,777
236,144
370,989
63, 204
1,833,496
149,150
73,950
99,600
498,150
100,000
25,000
6,250
100,000
186,858
600,000 1,160, 675
25,000
87,666
40, 000
82,492
53,166
41,020
340,
729
500,000
300,125
198,239
99, 550
292, 850
129,980
700, 000 1,914, 520
127, 305
507,481
100, 000
50,000 1,484,873
109, 677
50, 000
116, 518
25, 000
92,143
73, 794
49, 520
75,991
112,110
149,150
222,940
73,950
123,363
99, 600
752,999
498,150
137,440
100,000
58,429
25,000
66, 850
6,250
100,000
100,000
100,000
110.000
50,000
100,000
110, 000
50,000
25, 000
25, 000
25,000
200, 000
50.000
50, 000
60,000
99,120
25, 000
200, 000
50,000
50,000
60,000
99, 120
51, 626
443,894
140, 423
283, 381
139,385
83,000
100,960
2, 003, 362
1, 205, 060
1,359, 548
651," 427
836,873
43,000
25, 000
43, 000
25, 000
198, 500
198, 500
64, 338
47, 307
266,310
334,983
803,530
12,619
234,170
932, 240
421,293
395, 233
3, 771,991
64,000
500,000
99, 550
292,850
700,000
100,000
50,000
50,000
25,000
49, 520
123, 787
255.980
54,821
61 656
13, 065
167,816
17,100
84,810
95,429
801,311
1, 753,371
2,811,264
848,186
1, 741,486
4,335,044
596, 588
346,420
239,918
140, 759
433, 370
1,274,042
663,243
766,461
5,420,931
1,386,178
411,123
374,488
480,473
865,611
d
o
H
H
Q
O
g
3
r
1,475,196
821,465
127, 677
516,138
o
cj
to
Ox
TABLE NO. 32.—National banks in charge of receivers during year ended Oct. 81, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Organization
Name and location of bank
Planters National Bank, Fredericksburg,
Va.*
City National Bank, Goshen, Ind. 7
7
First National Bank, Beaver Falls, Pa.
First National Bank, Midland, Md. 7
Peoples National Bank, Bronson, Mich. 7 9
Hewlett-Woodmere
National Bank, Woodmere,
N. Y.7
Lincoln National Bank, Lincoln, 111.7 7
Peoples National Bank, Lakewood, N. J.
Coldwater National Bank, Coldwater, Mich. 7 ..7
Hancock County National Bank, Carthage, 111.
.
Commercial National Bank, Philadelphia
Pa.7_.
First National Bank, Charleroi, Pa.7
First National Bank, Clifton Heights, Pa.7 7
American National Bank, Marshfield, Wis.
First National Bank, Hartford City, Ind. 7 7 9
Farmers National Bank, Crystal Lake,
Iowa _.
First National Bank, Antigo, Wis.7
Langlade National Bank, Antigo, Wis.7
American-First
National Bank, Mount Carmel,
111.7
____
First National Bank, Breese, 111.7
First National Bank & Trust Co.,Ford
City, Pa.7
First National Bank, Tigerton, Wis.7
Citizens National Bank, Winterset, Iowa 7
First National Bank, Frostburg, Md. 7
7
First National Bank, West Concord, Minn.
First National Bank, Saegertown, Pa. 1
Aurora National Bank, Auora, 111.7 7 8
First National Bank, La Junta, Colo.7 .
First National Bank, Secaucus, N. J. 7
First National Bank, Tuseumbia, Ala.
First National Bank, Howell, Mich.7 9
Ocean City National Bank, Ocean City, N. J.7-__
First National Bank in Sea Bright, N. J. 7 .
Charter
No.
Date
Capital
10325
2067
3356
5331
9704
Feb.
Sept.
June
Apr.
Mar.
4,1913
25,1872
2,1885
24,1900
7,1910
$75,000
50,000
50,000
25,000
25,000
12294
3369
7291
1235
1167
3604
4534
6275
5437
6959
9853
5143
5942
Nov.
July
May
May
Feb.
Dec.
Mar.
Apr.
Jane
July
Sept.
Aug.
Aug.
29.1922
1,1885
21,1904
30,1865
24,1865
7.1886
12,1891
17.1902
7.1900
18.1903
22,1910
31,1898
1.1901
50,000
60,000
50,000
100,000
50,000
200,000
50,000
50,000
50,000
50,000
25,000
50,000
50,000
5782
9893
5130
5446
2002
4149
5362
11910
2945
4507
9380
11281
11588
12521
13552
Apr.
Oct.
June
June
May
Oct.
May
Dec.
Apr.
Nov.
Mar.
Dec.
Jan.
Nov.
June
5,1901
14,1910
24,1898
9,1900
11,1872
30.1889
7,1900
31,1920
30,1883
19.1890
17,1909
17,1918
19,1920
16.1923
2,1931
50,000
50,000
50,000
25,000
50,000
50,000
25,000
25,000
100, 000
50,000
25,000
50,000
100,000
100,000
50,000
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
moneydeposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
Total
deposits
at date of
failure
to
o
3
W
$100,000 May 3,1934
100,000 May 8,1934
150,000
do_._ — .
25, 000 May 9,1934
50,000
do__
$98,000
148,120
25,000
50,000
$98, 000
148,120
25, 000
50,000
$212, 301
299, 200
207, 061
40, 614
73, 422
$768, 774
1,085,934
234, 277
210, 912
o
12, 500
do-__—.
50,000
672,000
150, 000 May 10,1934
234, 500
150, 000 May 14,1934
771,000
100,000 May 15,1934
433,067
140, 000 May 22,1934
3,643, 500 2,000,000
do__
281, 750
50, 000
167. 250
50, 000 . — .do
335, 250
150,000 May 23,1934
75, 000
do
60, 875
25, 000
do
19,000
100,000 May 31,1934
319, 250
100,000 .._. d o . . . — .
249, 500
12,130
150,000
146, 600
100,000
75,000
950,000
50,000
49,150
150,000
50,000
25,000
98, 950
100,000
12,130
179, 776
150,000
232, 426
146, 600
503, 567
100, 000
156, 530
75, 000
85, 713
950,000 4,892,140
50, 000
359, 645
49,150
393, 246
150,000
585,916
50, 000
65, 759
25, 000
39, 993
125, 797
139,343
100, 000
947,395
1. 306, 298
1, 415, 597
557,993
642, 535
8,150,620
1, 786,566
1, 257,191
946,771
345,992
78,759
1, 018,602
762,824
w
_do_
100, 000
50,000
_do_
125, 000 June 4,1934
40, 000
do.
.do.
200, 000
50,000
do
50, 000 June 6,1934
25, 000
.do.
300, 000 June 18,1934
50,000
do
100, 000
do
75. 000
do
do
100, 000
100, 000
do
50,000
98,950
50,000
124,100
39, 500
199,100
49, 050
50,000
98,950
50,000
124,100
39, 500
199,100
49,050
50,000
1, 447,692
239,043
1, 506,601
253,619
451,805
1, 218, 519
280,627
$138,000
372, 388
479, 250
59, 750
67, 500
280, 625
90,000
326, 750
63,450
480, 250
219,000
108,000
12,750
942,000
241, 500
110, 500
61, 500
86,000
4,000
99,150
49,100
25,000
39,450
98,050
79,500
387, 088
35,598
225,946
29, 953
45, 732
333,870
69, 625
25, 650
99,150 1,044, 598
84,188
49,100
25, 000
307, 445
39,450
98,050
86,116
79, 500
409, 502
52, 529
1,707,192
298,033
1,042,915
347,029
400,663
366,351
222, 732
First-Farmers National Bank, Arcanum, Ohio 7 9__
4839 Dec. 10,1892
Herkimer National Bank, Herkimer, N. Y.i 7
5141 July 30,1898
5694 N o v . 24,1900
First National Bank, Mingo Junction, Ohio _
First & Tri State National Bank & Trust Co.,
M a y 6,1882
Fort Wayne, Ind.»
First National Bank, Darlington, Wis.7
3161 Mai-. 20,1884
Northwestern 7National Bank & Trust Co., Phila3491 Apr. 3,1886
delphia, Pa.
_._
6762 M a r . 3,1903
First National Bank, Dalhart, Tex.?
First National Bank
of
Mt.
Healthy,
Mount
7661
Feb. 24,1905
Healthy, Ohio 7
7
5789 Apr. 9,1901
National Bank of Ionia, Ionia, Mich.
9088
Mar.
17,1908
First National Bank, Millen, Ga.7
11902 Dec. 11.1920
Bumside National Bank, Burnside, Pa.7
762
Jan.
3,1865
Ticonic National Bank, Waterville, Maine
1
79
12050 Nov. 15,1921
Security National Bank, Clinton, Okla.
11845 Sept. 21,1920
First National Bank, Livingston, 111.7, 7
6250 M a r . 27,1902
First National Bank, Hooversville, Pa. 7
Citizens National Bank, Hooversville, Pa.
. 11413 July 17,1919
2921 M a r . 26,1883
National Bank of Ashland, Ashland, Nebr.7 9 7 9
Citizens National Bank, West Alexander,
Pa. _. 11993 M a y 24,1921
11492 Oct. 3,1919
First National Bank, Lima, Mont.0 8
Merchants
& Farmers National Bank, Charlotte,
1781 J a n . 17,1871
N. C.7
10436 Aug. 1,1913
Farmers National Bank, Haviland, Ohio
*
5518 June 4,1900
First National Bank, Forest City, Pa.7
Farmers
& Miners National Bank, Forest City,
Aug. 18,1908
Pa.7___
_.
606 Nov. 14,1864
Second National Bank, Erie, Pa.7....
7_
July 21,1871
1863
Citizens National Bank, Faribault, Minn.
9084 Jan. 30,1908
Valley National Bank, Green Lane, Pa.7
Dec. 18,1886
3613
American National Bank, Lincoln, Hl.i
Southwestern National Bank, Philadelphia,
Pa.7. 3498 Apr. 13,1886
6636 Jan. 5,1903
First National Bank, Bridgeville, Pa.77
6901 July 3,1903
First National Bank, Scribner, Nebr.
7933 Aug. 25,1905
First National Bank, Foley, Minn.7
National Bank of Shawneetown, Shawneetown,
111.7 9__
_
___.
7752 Apr. 24,1905
4857 Sept. 13,1893
First National Bank, Patton, Pa.7__ 7
5602 June 21,1900
First National Bank, Bethesda, Ohio 7
9062 Feb. 22,1908
First National Bank, West Milton, Ohio
2141 Mar. 25,1874
National Bank of Pontiac, Pontiac,7 111.7
9098 Feb. 21,1908
First National Bank, Clinton, Ky.
352 Mar. 18,1864
Sixth National Bank, Philadelphia, Pa.7 7
10141
Dec. 19,1911
First National Bank, East Rochester, N. Y.
Crystal Falls National Bank, Crystal Falls,
Nov.
20,1919
11547
Mich.?
Iron County
National Bank, Crystal Falls,
7
Dec.
15,1904
752;
Mich.
9
July 4,1903
Farmers National Bank, Hodgem/ ille, Ky.i
7
Oct.
22,1907
Merchants National Bank, Pottsville, Pa.
See footnotes at end of table.
260, 502
50,000
75,000
25, 000
140,875
665,000
121, 250
100,000 June 21,1934
200,000
do
25,000
100,000J
100,000
"25," 666
25,000
76,836
1,158,653
76,115
300,000
50,000
2,867,868
312,000
2, 250,000 J u n e ! 2,1934
75,000 J u n e 25,1934
74, 500
74, 500
3, 016,666
147,457
572, 289
200,000
25,000
1,456,750
162,625
500,000 June 25,1934
do
75,000
197,400
75,000
197,400
75,000
3,043, 562
120,011
3,820,635
300,814
25,000
50,000
25,000
50,000
100,000
50,000
25,000
25,000
25,000
50,000
25,000
25,000
99,875
238, 600
37,000
6,000
582,000
65, 500
75,000
150,000
25,000
50,000
200,000
50,000
25,000
25,000
25,000
60,000
25,000
25, 000
74,050
147,700
24,650
49,350
74,050
147,700
24,650
49,350
968,524
1,115,091
37,960
102,096
24,700
25,000
25,000
60,000
25,000
25,000
24, 700
25,000
25, 000
60,000
25,000
25,000
140,694
121,472
47,398
42, C10
567,633
92,024
39,839
65,296
51,165
8,203
16,895
150,000
25,000
25,000
1, 437,828
3,000
276, 750
200,000 July 24,1934
25,000 Aug. 9.1934
150,000 Aug. 10,1934
200,000
200,000
50,000
50,000
50,000
200,000
80,000
25,000
50,000
200,000
50,000
25,000
25,000
66,750
2,380, 667
480,400
67, 750
455, 500
496,000
49,000
74,000
72, 500
£0,000
500,000
80,000
50,000
150,000
300,000
.50,000
25,000
25,000
do
Aug. 13,1934
Aug. 14,1934
Aug. 15,1934
do.
Aug. 17,1934
Sept. 20,1934
do
.-..do
50,000
250,000
50,000
250,000
50,000
50,000
49, 997
50,000
8,000
25,000
25,000
55,250
50,000
432,000
25,000
61, 500
30,000
66,300
50, 000
330, 500
50,000
134,000
100,000 1,173, 250
25,000
136, 915
25,000
200,000
25,000
30,000
50, 000
50,000
300,000
150, 000
Sept. 21,1934
do
do
do
Sept. 26,1934
__do_
Sept. 29,1934
Oct. 10,1934
65,250
31, 500
280,300
48, 500
50,000
50,000
25,000
30,000
200,000
184, 500
167, 866
263,125
50,000
do
June 26,1934
do.
do.
June 28,1934
do
July 5,1934
July 12,1934
do.
J u l y 16,1934
do
J u l y 19,1934
.do.
100,000
110,000
!Ido"
125,000 Oct. 12,1934
532,931
13.057
157,022
"687," 424
400,854
155,360
341, 732
232,998
221,109
302,242
41,950
1,306,458
a
o
"1,085,121
617,870
8,457,648
1,019,507
522,935
49, 997
50,000
8,000
25,000
240,391
952,074
379,332
179,869
276,366
1,034,202
125,958
251,899
125, 795
25,000
200,000
25, 000
7,500
49,695
49, 500
149, 998
150,000
25,000
200,000
25,000
7, 500
49,
49, 500
149, 998
150,000
76,898
70,137
43,164
383, 308
60,791
2, 622,010
631,241
197,473
1,586, 520
509,047
200,401
909, 026
275, 024
3,426,956
909,492
50, 000
50, 000
21,425
454,817
24, 700
24, 700
125,000
125,000
128, 793
51,408
544,804
1,135,026
643,205
430,643
144,970
756, 213
1," 949," 748
o
Q
j
a
TABLE N O . 32.—National banks in charge of receivers during year ended Oct. 31, 1937, 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, 1937, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Report No.
Organization
2900
2902
2903
2904
2906
2907
2908
2909
2910
2911
2912
2913
2914
2915
2916
2917
2918
2919
2920
2921
2922
2923
2924
2925
2926
2927
2928
2929
2930
2931
2932
2933
Name and location of bank
First National Bank, Malvern, Ark.7 9
Farmers
National Bank & Trust Co., Bedford,
Pa.7
First National Bank & Trust Co., Bedford, Pa.7
Reading
National Bank & Trust Co., Reading,
Pa.7
First National Bank & Trust Co., Hamburg, Pa.7.
Ozone Park National Bank, New York,7 N. Y
First National Bank, Rockwood, Tenn.7
First National Bank, Shenandoah, Pa. _ _- _..
Farmers
National Bank & Trust Co., Reading,
Pa.7
7
First National Bank, Gratz, Pa.
Peru National Bank Peru, 111! 7
First National Bank,. Lanark, 111.
First National Bank, Pleasantville, N. J.7 7
First National Bank in Manistique, Mich.
Penn National Bank & Trust Co., Reading, 7Pa.7_
First National Bank, West New York, N.7J.
Citizens National Bank, Shenandoah, Pa. . - __.
First National Bank, Robinson, 111.1 1 9
First National Bank in Harrison, Ark. _._
National Bank of Herndon, Herndon,1VaA- ._.
First National Bank, Seabright, N. J.
First National Bank, Nephi, Utah 7 7
First National Bank, Du Quoin, 111.
Eau Claire National Bank, Eau Claire, Wis.1
American National Bank, Shreveport, La.11
Citizens National Bank, Winchester, Ky.
First National Bank, Pender, Nebr.s is_
Farmers National Bank, Sardinia, Ohio 81.
Citizens National Bank, Barnesville, Ga. . 1
Old First National Bank, Mount Vernon, Ind. •_.
Commercial National Bank, Bradford, Pa.8
Livingston County National Bank, Pontiac, 111.1.
Charter
No.
Date
Capital
Total
dividends
paid during existence as a
national
banking
association
Failures
Capital
Receiver
appointed
Lawful
money
deposited
Circulation outstanding
at date
of failure
Borrowed
money
(bills
payable,
rediscounts,
etc.) at
date of
failure
^1
OO
Total
deposits
at date of
failure
7,1905
$25,000
$64,000
$24, 500
$23,448
$128,777
w
11188 May 17,1918
3089 Oct. 31,1883
25,000
50,000
67,625
256,750
150,000 Oct. 26,1934
150,000
do
150,000
49,750
150,000
49, 750
236,536
436,858
500,181
908, 707
H
Q
O
600,000 Oct. 27,1934
125,000 Oct. 30,1934
do
200,000
do
80,000
100,000 Nov. 7,1934
590,900
122,250
48,800
50,000
100,000
590,900
122,250
48,800
50,000
100,000
3,021,681
249,360
364,614
233, 659
512,356
7, 263,125
1,049,122
1, 396,657
843, 289
1,944,196
Nov. 8,1934
Nov. 16,1934
Nov. 21,1934
do
_do
Nov. 22,1934
Nov. 26,1934
Dec. 14,1934
Dec. 19,1934
Dec. 27,1934
Jan. 10,1935
do-_
Jan. 28,1935
Feb. 5,1935
Feb. 6,1935
Apr. 15,1935
Apr. 19,1935
July 25,1935
do
do
Aug. 29,1935
Sept. 16,1935
Sept. 30,1935
Oct. 15,1935
575,000
50,000
575,000
50,000
6, 809,523
427,336
50,000
100,000
50,000
100,000
100,000
97,850
100,000
100,000
97,850
100,000
2,336,093
80,613
284,936
64, 292
602,891
149,096
1, 278,302
2. 083,863
242,843
76,225
8,748
24,500
24,500
100,000
100,000
7634 Feb.
4887
9028
12280
4169
3143
Jan.
Sept.
Oct.
Oct.
Mar.
27,1893
19,1907
30,1922
24,1889
14,1884
200,000
25,000
200,000
50,000
100,000
1,688,500
184,750
55,000
221,300
625, 000
696
9473
2951
1755
6508
13513
2899
12064
9247
5049
10801
9635
5926
3537
4737
2759
8440
2148
4791
12013
12404
12466
4199
1837
Dec.
May
Apr.
Nov.
Oct.
Nov.
Mar.
Nov.
July
July
Nov.
Oct.
July
June
Apr.
July
Jan.
May
Aug.
Aug.
June
Oct.
Jan.
Apr.
31,1864
8,1909
28,1883
22,1870
9,1902
11,1930
3,1883
14,1921
28,1908
l, 1896
9,1915
25,1909
9,1901
25,1886
11,1892
17,1882
16,1886
6,1874
2,1892
6,1921
15,1923
30,1923
1,1890
14,1871
400,020
25,000
50,000
50,000
25,000
50,000
100,000
100,000
100,000
50,000
25,000
25,000
25,000
50,000
50,000
100,000
50,000
126,500
50,000
30,000
50,000
100,000
100,000
50,000
3,441, 688
78,625
289,000
336, 588
162,898
4,000
1, 264,000
190,000
280,000
265,630
56,750
45,500
22,250
435,719
295,000
630,000
467,750
532, 750
137,000
10,350
21,000
70,000
990,500
415,250
$25,000
1,000,020
50,000
100,000
50,000
100,000
50,000
1, 000,000
300,000
100,000
75,000
25,000
25,000
50,000
50,000
100,000
150,000
300,000
100,000
50,000
30,000
50,000
100,000
300,000
50,000
Oct. 15,1934
$24, 500
406,490
971,865
320,654
3,463,930
3,966,769
1,453,137
312,860
47, 543
298,643
626,991
193,155
333,000
94, 535
41,333
386,130
2,164,171
204,494
267,666
70,110
112,275
4, 613, 782
115, 238
Q
Cj
B
2934
2935
2936
2937
to 2938
g 2939
jo 2940
F 2941
I 2942
0^2943
I 2944
2945
I 2946
5 2947
2948
2949
2950
Commercial National Bank, Shreveport La. 1
Atlantic National Bank, Boston, M a s s . 1 . .
First National Bank, Carthage, Mo. 1 9
Montour National Bank, Montour Falls, N . Y.1 9.
Citizens National Bank, Washington, Ga. 1 9
First National Bank, Kirkwood, 111.*»
First National Bank, Centerville, S. Dak.s
_
City National Bank, Lansing, Mich.i
Roseland National Bank, Chicago, 111.1
Broadway National Bank, Scottdale, Pa. 1
National Bank of Ridgewood in New York, N . Y. 1 .
P a m p a National Bank, P a m p a , Tex. 1
Fort Greene National Bank in New York, N . Y A
Taylor National Bank, Campbellsville, Ky.s n.._
First-Mercer National Bank, Harrodsburg, Ky.L
Nescopeck National Bank, Nescopeck, Pa.s
H e n r y National Bank, Henry, 111.1
Grand total (1,208 receiverships)
Total active (869 receiverships)
Total liquidated and finally closed (339
receiverships)
Total restored to solvency (0 receiverships).
Total 1937 failures (11 receiverships)
3600
643
3005
10497
8894
2313
5477
3513
12605
5974
12897
13291
13336
6342
2531
12159
7049
Nov.
Nov.
June
Feb.
Sept.
Dec.
June
June
Dec.
Sept.
Mar.
Mar.
June
July
June
Apr.
Nov.
18,1886
28,1864
17,1883
17,1914
10,1907
6,1875
30.1900
1,1886
8,1924
20.1901
6,1926
8,1929
10,1929
17.1902
3,1881
5,1922
30.1903
100,000 2,916, 250 1,000,
500, 000 14,436, 750 8,950,
100,000
477, 500
100,
25,000
22, 750
25,
50,000
55, 782
75,
50,000
456,500
50,
25,000
320,258
87,
100,000 1,018, 500
500,
200,000
54,000
200,
50,000
68,000
50,
200,000
200,
50,000
11,000
50,
500,000
2,679
500,
25,000
160, 000
100,
60,000
447, 451
150,
84,
25,000
14, 324
30,000
96, 900
65,
Feb. 21,1936
Mar. 18,1936
Mar. 23,1936
May 1.1936
Aug. 12,1936
Sept. 16,1936
Dec. 19,1936
Dec. 22.1936
Mar. 29.1937
June 8.1937
July 12,1937
Aug. 13,1937
Aug. 14,1937
Aug. 24,1937
Sept. 21,1937
Oct. 22,1937
Oct. 27,1937
3,261, 929
11,376,213
69,086
23,822
14, 726
11,516
523, 793
4,004,152
23,060
60,667
292, 941
94,412
(12)
50,000
41,170
(12)
(12)
""40,"42l
(12)
(12)
100,174, 590 412, 068,859 224,515, 255
1,824, 473,091
105,396,343 105, 769, 523 371, 531, 491
w
81, 957, 590 361, 628, 654
198,165, 255
94, 035, 642 94,408,822 331,394,461 1, 670, 459, 225
18, 217,000 50,440, 205 26,350,000
11,360,701 11,360, 701 40,137,030
a
o
154, 013,866
1, 265,000 2,193,112 1,987,150
4, 566,402
4, 025, 004
1 Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation (89 banks).
23 Restored to solvency (none—1937).
Licensed banks closed through revocation of license with appointment of conservator, subsequently found insolvent and placed in receivership (3 banks).
4
Final closing effected through "Termination loan" obtained from Reconstruction Finance Corporation (5 banks).
5
Suspended under terms of bank holiday proclamation without subsequent appointment of conservator (4 banks).
«7 Licensed banks found insolvent and immediately placed in receivership (3 banks).
Formerly in conservatorship.
8
Federal Deposit Insurance Corporation appointed as receiver in accordance with terms of Banking Act of 1933 (9 banks).
s Liquidated and finally closed during report year ended Oct. 31, 1937 (339 banks).
10
Circulation liability of $373,180 assumed by First National Bank at Pontiac, Mich. (No. 2381) (accounting for difference between lawful money and outstanding circulation
totals).
" Conservator appointed June 30, 1937 (No. 2947).
« Preliminary figures, subject to revision.
13 Conservator appointed June 29, 1935 (No. 2928).
n
O
1, 981, 669
1,479,121
O
w
o
cj
Q
fcO
CO
TABLE NO. 32 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 the year ended Oct. 31, 1937, 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 l
Incorporation
Name and location of banks
Jurisdiction under laws Date of incorof which incorporated
poration
Capital
authorized
Arizona,
.do...
do...
.do..
District of ColumbiaAlabama
Arizon a
do..
.do..
West Virginia..
Virginia
June
Sept.
Apr.
Aug.
Jan.
Aug.
Dec.
Dec.
Jan.
July
Feb.
30.1921
3,1912
26.1922
24,1920
25,1912
28,1909
2071915
11,1920
15,1917
1,1912
28,1903
$300,000
100,000
100,000
500,000
500,000
50,000
100, 000
.50,000
50,000
50,000
50,000
West Virginia
District of Columbia.
Arizona
District of Columbia-
May
Mar.
Nov.
Mar.
16,1906
25,1913
4,1920
5,1929
100,000
5,000
100,000
25, 000,000
427, 591
26,963
Grand total (15 receiverships)
27,055,000
2,053,471
Total active (13 receiverships)
Total liquidated and nnally closed (2 receiverships) .
Total restored to solvency (0 receiverships)
Total 1937 failures (0 receiverships)
26, 505,000
550,000
1, 412,471
641,000
International Exchange Bank, Washington, D. C
North Capitol Savings Bank, Washington, D. C
Bank of Brightwood, Washington, D. C
Departmental Bank, Washington, D. C
Continental Trust Company, Washington,
D. C. 2 *
Park Savings Bank, Washington, D. C.3
Northeast Savings Bank, Washington, D. C.3 3
Chevy Chase Sayings Bank, Washington, D. C *
Washington Savings Bank, Washington, D. C.3 3
Seventh Street Savings Bank, Washington, D. C.
Potomac3 Savings Bank of Georgetown, Washington,
D. C.
United States Savings Bank, Washington, D.3 C.3
Industrial Savings Bank, Washington, D. 2C.
_.
The Prudential Bank, Washington, D. C.
The Fidelity Building & Loan Association, Washington, D. C.
la
2a
3a
4a
5a
6a
7a
8a
9a
10a
lla
12a
14(7
15a
16a
1
2
3
4
Total dividends paid
during existence as a
State banking association
$46,096
112,143
2,000
2,077
615,000
165,000
92, 783
26,000
28,000
127, 500
228, 283
Failure
Capital
$116,830
90. 000
100, 030
106,060
1,000,000
100,000
100,000
100,000
100,000
100, 000
140,000
Receiver
appointed
July 14,1932
.. ..do
July 16,1932
July 22,1932
Feb. 28,1933
July 13,1933
Nov. 15,1933
do
$452,850
1,027,862
839, 380
802.373
5,766
3, 379, 554
1, 121, 795
734, 575
418,111
1,175,847
2, 377, 436
499,193
238, 273
213,552
483,164
1, 894,067
590, 227
4, 833, 278
2, 213,010
5,097, 478
19, 653,121
1,113,000
1,100,000
3, 956, 289
1,141,189
18, 912, 780
740, 341
100,000
50,000
100,000
154,035
Dec. 7,1933
Dec. 21,1933
Jan. 18,1934
Feb.
Sept.
Mar.
July
10,1934
20,1934
17,1936
18.1936
8
Total deposits at
date of
failure
$112,129
111,857
25, 000
150,000
1,028,047
593, 555
456,830
113,142
144, 200
302, 080
626,456
Including building and loan associations
Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation.
Formerly in conservatorship.
Liquidated and finally closed during the report year ended October 31, 1937 (2 banks).
Borrowed
money
(bills payable, rediscounts,
etc.) at
date of
failure
to
a
o
d
Q
282
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 33.—National banks in charge of receivers during year ended Oct. 31, 1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Capital
stock at
date of
Name and location of banks
failure
Date receiver
appointed
Estimated Estimated Estimated
good
doubtful worthless
ALABAMA
Dollars
1323
1329
1494
1521
1635
1738
1772
1883
1897
2103
2142
2146
2190
2347
2648
2851
First National Bank, Samson
Dothan National Bank, Dothan
City National Bank, Bessemer
First National Bank, Hartselle.
First National Bank, Greensboro
Houston National Bank, Dothan
Commercial National Bank, Eufaula.
Farmers & Merchants National
Bank, Enterprise.
First National Bank in Decatur
First National Bank, Sylacauga 1
Central National Bank, Decatur __
Andalusia National Bank, Andalusia.
Gadsden National Bank, Gadsden..
First National Bank, Eutaw " 7
First National Bank in Bessemer 7 ._
F i r s t N a t i o n a l B a n k , T u s c u m b i a _.
100,000
400,000
100,000
100,000
100,000
150,000
150,000
150,000
Jan.
Jan.
Jan.
Feb.
July
Oct.
Oct.
Jan.
200,000
50,000
200,000
200,000
125,000
100,000
100,000
75,000
8,1930
30,1930
12,1931
16,1931
21,1931
15,1931
27,1931
11,1932
Dollars
Dollars
Dollars
40,355
784,467
193, 746
275, 693
147,999
300,474
97,069
178,742
87,801
611,767
514,871
378,281
241,418
567, 702
226,487
489, 562
118,001
343,092
117, 765
55,390
38,070
155, 509
76,057
278,330
Jan. 18,1932
July 27,1932
Oct. 1,1932
Oct. 5,1932
329,126
126, 909
7,672
130,032
874,771
178, 764
269,840
947,336
134,028
152,196
246, 265
470,299
Dec.
Aug.
Dec.
June
1,1932
23,1933
28,1933
8,1934
263,757
231,451
511, 288
218,392
707, 341
305, 326
1,012,820
185,468
130,876
5,735
51, 461
90,942
50,000 Dec. 11,1931
225, 290
274,585
86,183
100,000 July 21,1930
913,376
1,089, 340
274,851
25,000 Dec. 3,1930
60,000 Dec. 16,1930
170,979
179, 307
96, 680
461,305
5,460
414, 607
ARIZONA
1841
Nogales National Bank, Nogales
ARKANSAS
1384
1439
1456
1484
1492
1495
1677
1789
1893
2532
2550
2746
2771
2803
2805
National Bank of Arkansas at Pine
•RlnfF
JJIUII.
First
National
Bank,
Rector Bank,
Benton
County
National
Bentonville.
Interstate National Bank, Helena...
First National Bank, Corning i
First National Bank, Rogers
First National Bank, Eudora
Hutchings-First National Bank,
Siloam Springs.
First National Bank, Ozark
7
First National Bank, Mansfield
___
First National Bank, Huttig 7
First National Bank, Holly Grove 7 .
Farmers7 National Bank, Cotton
Plant
7n
First National Bank, Camden
_-_
Arkansas National Bank, Fayette-
2817
ville.i
Lee County National Bank, Ma-
2900
2920
rianna.7
First National Bank, Malvern 7
First National Bank in Harrison L_
1031
Farmers & Merchants National
1156
1382
1658
First National Bank, Bishop
First National Bank in Fresco
250,000
50,000
50,000
40,000
50, 000
Jan.
Jan.
Jan.
Sept.
Nov.
3,1931
12,1931
13,1931
12,1931
2,1931
1,231, 483
3,967
251,159
109,670
60, 201
855, 325
32,457
395,303
147, 632
287,979
177,937
136, 385
101,189
22,456
210,077
25,000
25,000
25,000
25,000
25,000
Jan.
Nov.
Nov.
Feb.
Mar.
13,1932
3,1933
8,1933
27,1934
19,1934
31, 210
71,673
49,706
23,812
92,490
92, 507
79,463
112,192
62, 233
33, 902
13,906
4,242
9,958
11, 204
12,087
150,000 Apr. 16,1934
150,000
do
519,767
580,198
113,786
61, 508
94, 325
1,1934
652, 779
168,244
6,879
25,000 Oct. 15,1934
25,000 Jan. 10,1935
101,099
75,801
6,491
80,000 May
CALIFORNIA
1762
1864
1885
"Rnnlr A/TprpprJ
United States National Bank, Los
Angeles.
First National Back, Baldwin Park.
First National Bank, Venice
Walnut Park National Bank, Walnut Park.
Footnotes at end of table, pp. 420 and 421.
100,000 Sept. 23,1926
278,992
658, 287
436,698
' 50,000 Aug. 15,1927
400, 000 July 7,1930
1,000,000 Aug. 18,1931
306,184
1, 812,938
6,174, 953
330, 486
1,950, 672
2,236,904
91,002
487,867
525, 464
35,000 Oct. 22,1931
50,000 Dec. 23,1931
100, 000 Jan. 11,1932
148,739
78,138
606,851
95, 585
178, 410
572, 855
46, 786
44, 536
154,183
283
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937
Progress of liquidation to date of this report
AddiTotal
tional
assessassets
ment
received
upon
since date shareof failure holders
Total
Cash colassets and
stock as- Cash col- lections
from
sessment
lections
stock
from asset:; assessment
Receivership earnings, cash
collections from
interest,
premiums, rent,
etc.
Unpaid
balance
R. F. C.
or bank
loan
Offsets
allowed
and
settled
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. C.
or bank
loan
Dollars
Dollars
Dollars
34,609
32, 532
36, 991
67,817
53,085
261,761
172,221
65, 079
100,000
400,000
100,000
100,000
100,000
150,000
150,000
150,000
Dollar,
Dollars
Dollars
Dollars
93,602
380,766
17,825
4,555
742, 097 144,! •
53,759
2,171, 858
390,239
22,6171
34,914
963,373
377,342
65,046
30,182
877,181
148, 778
11,451
8,159
580, 572
470,667
32,076
30,031
1,435,446
6,412
153, 292
29,373.
721,834
423, 203
17, 2771
9,984
1,161,713
29,960
45,237
11, 945
119,553
200,000
50,000
200,000
200,000
1, 567,1
553,106
735,722
1, 867, 220
864, 522
178, 319
145,580
591,150
82,833
21, 659
84,146 :
81, 550
61,309
5, 954
21, 556
51, 62^
58,645
45, 781
55,428
35,394
125,000
100,000
100,000
75,000
501,948
1,285, 619
360,955
688, 293
1, 730, 997 1, 064.468
247,113
605,196
86,375
39, 656
37,936
37,159
41, 732
25,041
93,907
18, 643
129,239
50,000
765, 297
319, 562
1,800 j
130, 472
100,000
2,508,039
1,261, 623
47, 634
72,403
263, 024 j 1,644,684 1384
2,764
111,164
25.000
60,000
300,883
1, 226,383
94, 261
329, 342
5,563
31,5'
7,623
25,618
17,469
108,123
138, 783
37,463
4,828
35,671
250,000
50,000
50, 000
40,000
50,000
2,653, 528 1,496. 426
40,368
222,809
370,166
835,114
324, 586
170,838
643,928
231, 079
154, 910
19, 653
32,472
23,018
5,724
105, 636
2,492
27, 234
4,223
11,484
8.701
22, 796
7,485
25,000
25,000
25,000
25,000
25,000
166, 846
191,862
205, 55'
145,045
170,964
83,995
73,455
89. 365
59, 32S
83,630
13,310
13,304
13, 498
16,342
15,447
8,063
5,865
7,661
6,332
11,762
33,913
35, 547
150,000
150,000
1, 345,386
393,658
788.078
41,267
47, 688
51,432
1,800
92, 963
80,000
1, 000,865
532, 777
5,435
35,8411
9,317
25,000
25,000
217, 708
25,000
128,819
9,793
8,453
12,021
240
322,191
100,000
1, 796,168
867, 599
49,159
64,086
101, 847 1,082, 691 1031
10,194
278.325
508; 0851
54,221
81, 051
366, 509
137, 227
693, 349 1156
360,193 3,880,191 1382
721,980 7, 454, 738 1658
19,973
8,972
39,521
10, 431
13, 461
47, 338
Dollars
Dollars
262, 233
491, 707
50,000 1,039,905
400,000 4, 709, 497 3,160, 622
58,020
154, 300 1,000,000 10,091,621 5,858,164
12, 599
18, 707
36, 285
35,000
50,000
100, COO
338,709
369,791
1,470,174
140, 767
154, 487
705, 864
i
29,0681,
1,030, 788
541, 951
567,455
189, 701
588, 344
225, 739
483,412
53, 537
27,169
5,251
76,305
1,062,201 1897
' 233,101 2103
256, 533 2142
800,632 2146
71,411
27,018
108,997
26,469
58, S
174,3
56,149
16,573
20,359
9,959
8, 3341
10,925!
10, 888
3,858
9, 577!
87, 900!
61,000
121,834 1323
5,852
89,936
94,181
94,885
21,313
55, 570
36, 662
32,948
701,466
452,670
1,305,308
329,384
1329
1494
1521
1635
1738
1772
1883
2190
2347
2648
2851
409, 317 1841
124.916 1439
494, 660 1456
1,931,309
62, 513
486, 021
218, 527
267,121
1484
1492
1495
1677
1789
113,702
103, 549
121,412
85, 860
120, 416
1893
2532
2550
2746
2771
975,098 2803
43,067 2805
75, 948 j
711,001 2817
18,504
169,137 2900
8,693 2920
33,922
15, 749
118, 971
205,093 1762
192,669 1864
911, 694 1885
284
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31,1987,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
Teport—Continued
Disposition of proceeds of liquidation-
Conservators'
distributions
Loss on
assets
compounded
or sold
under
order of
court
Book
Book
value of
value
of remain- remaining uning uncol- collected
lected
stock
asassets
sessment
Dollars
Book
value of
assets
returned
to shareholders'
agents
To secured
creditors
To unsecured
creditors
Dollars
Dollars
Dollars
Dividends paid
by receivers
Secured
and preferred
liabilities
paid
except
through
dividends,
including
offsets
allowed
On secured
claims
On unsecured
claims
Dollars
664
Dollars
33,905
481,085
169,172
221,383
11,196
150,443
84,749
36, 813
Dollars
60,837
399,526
251,688
237,153
135, 881
323,100
87,052
321,034
1323
1329
1494
1521
1635
1738
1772
1883
Dollars
181,312
325,364
125,550
109,880
310,481
759,209
381,880
304, 928
250,634
Dollars
82,175
255,004
77,383
34,954
88, 549
119, 969
120,627
132, 723
1897
2103
2142
2146
89,825
70, 298
122, 359
239, 978
360,001
227,320
262, 532
759, 787
117,167
28,341
115, 854
118, 450
97,832
4,009
65,147
47,893
368, 254
72,917
89, 438
478,855
87,014
157,463
545,469
2190
2347
2648
2851
191,148
200, 320
230, 358
46, 065
396,112
17,820
17, 521
227,174
210, 549
38, 625
60, 344
62, 064
37,841
227,182
210, 780
314, 985
15, 429
308,824
184, 538
669, 975
115,209
1841
51,536
285, 312
48, 200
34, 947
122, 253
177,455
1384
360,437
522,955
52, 366
1439
1456
164,153
159,505
569, 413
19,437
23, 423
1484
1492
1495
1677
1789
288, 417
132,441
99, 345
97,175
342 490
1893
2532
2550
2746
2771
49, 517
5,350
27, 740
56,859
8,579
2803
2805
614,461
253,403
195, 074
444,348
259, 454
95,090
30,347
17, 523
16,982
44 276
65.042
27. 284
11, 606
39, 599
17, 274
30, 221
3
9
2,084
9
207,667
133, 527
621, 726
855,416
4,646
7, 333
21,670
186, 248
69,422
212,078
7,582
19, 295
6,480
6,203
9,874
1,093,293
9
235, 781
57, 543
22,146
673,076
40,368
161,099
124,363
202,150
30,690
56,103
28, 790
28, 264
29, 596
61,007
18,319
45, 979
39, 766
52, 694
107, 596
371, 838
3,546
151,013
70, 519
431,816
9 65, 254
35, 563
6,261
46,980
::::::::::
—
44,178
11, 690
11,696
11, 502
8,658
9, 553
139,080
180, 328
202, 391
102, 312
150,000
2817
22, 622
289, 518
74, 565
2900
2920
45, 385
15,207
16, 547
1031
726 722
50,841
516, 710
434,975
1156
1382
1658
291, 629
788, 682
501, 914
39,806
121, 675
491,915
381, 511
8
2,465, 339
35,000 4,763,778
186, 559
1, 264, 349
2,039,969
1762
1864
1885
50, 593
149, 555
189,283
77,132
52, 564
838
i
3,146
9 377, 414
9
I
69,342
2,009,563
78,427
356,056
15,027
41,028
60,479
Footnotes at end of table, pp. 420 and 421.
!
12, 340
12. 019
43,188
125, 282
297.658
108. 658
46,457
499, 529
285
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Disposition of proceeds of liquidation—Con.
Cash ad- Conservators'
vanced salaries,
in pro- legal and
tection
other
of assets expenses
Dollars Dollars
3,919
12,807
656
181
288
2,697
3,911
5,709
84:
5,423
Receiv- Cash in
ers' sal- hands
of comparies,
legal and troller
and reother
expenses ceivers
Total
liabilities Amount
estabAmount
claims
to ofproved
returned lished
of
to share- date
report
holders
in cash
Dividends
(percent)
Dollars Dollars Dollars Dalian
Dollar,
149, 463
22, 509
87, 078
9&, 595 40, 775
1, 283,866 877, 223
41, 605 13, 788
490, 572
717,1
44, 991 36,463
592, 573 320, 276
30, 730
327, 943 285,021
72, 505
732, 935 462, 725
32, 753
200, 756 131, 641
48,080 41, 555
771,895 663,440
41.07
77.5
10
1323
1329
1494
1521
5/18/37 1635
9/11/37 1738
2/26/37 1772
1883
71.33
24.5
21
15
1897
2103
2142
2146
54, 679
31, 425
11,823
40, 731
1,115, 460 512,815
392, 226 295, 792
309,816 304, 565
1, 256, 506 830, 937
74, 463
30,022
43,103
20,112
66, 900
46, 652
29, 313
962,848
399, 846
1,325, 910
417, 952
617,666
213,186
635, 543
296, 593
2,865
55,046
16, 751
502,363
327, 703
45
6,192
113, 658
47,692
2,106, 730 1,242, 406
50
57
10, 282
29,121
52, 547
19,486
117, 474
2,721
58, 429
27, 454
31, 319
1,915
5,814
15, 228
12, 398
14,485
2,964
1,632
26,172
20,398
120
9,747
796
1,728
320
2,442
7,091
3,183
3,524
2, 568
6,310
21, 209
16, 716
14, 276
12, 820
13, 870
6,662
28, 523
3,650
16,867
52, 261
10,469
1,187
21,896
32, 540
131
7, 706
106, 091
266
4,164
131,414
79, 971
146, 339
1,347
569
1,902
21, 092
20, 361
59, 349
2190
o 7.09
5/28/37 2347
2648
2851
1841
1384
1439
1456
215,174
734,688
12.23
25
7/28/37
2,011,702 1, 303,123
125, 594
15, 500
644, 718 474, 816
235, 77'
112, 625
494, 976 363, 865
83.33
22.65
48
56.6
1484
1492
1495
5/25/37 1677
9/21/37 1789
1893
2532
2550
8/31/37 2746
2771
7,709
49, 580
111,515
81, 289
28, 254
57, 337
61.9
50
33.33
100
57
45, 472
29,052
1,023, 528
84,810
624, 777
84,810
8 77
2,030
775, 261
332, 521
8 65
158,142
8,748
109, 465
8,748
3 92.1
71.56
1, 469, 784 1, 030, 327
50.15
2/25/37
1031
952, 095 762, 682
3, 838,776 2, 570, 257
8,465, 854 6, 337,183
50
95. 918
75
7/30/37
1156
1382
1658
32
59.25
41.5
"6/18/37
1762
1864
1885
45, 042
107,717
35.5
100
8 81. 66
8 50
112,136
132, 559
128, 964
69, 221
109, 975
13, 503
2,432
24, 915
252,462
960,117
4/14/37
39.7
54
42.5
61, 769
32, 313
22,100
75,186
6,277
3,995
5,614
3,396
Interest
diviDate
dends finally
(perclosed
cent)
18, 468
41,237
264,783
261,494
1, 236,049
143,474
211,446
716, 3,05'
8
6/17/37
2803
2805
2817
10/30/37 2900
9/29/37 2920
286
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 33.—National banks in charge of receivers during year ended Oct. 31,1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
Capital
stock at
date of
failure
Date receiver
appointed
Estimated Estimated E s t i m a t e d
good
doubtful worthless
CALIFORNIA—continued
1892
1921
1955
1959
1976
1977
2001
2036
2057
2073
2098
2192
2210
2244
2278
2297
2310
2311
First National Bank, Yorba Linda..
First National Bank, Culver City_ _
South Gate National Bank, South
Gate.
First National Bank, Monterey
rarK.
Pnrlr
First National Back, Newport
Beach.National Bank, Long Beach.
Seaside
First National Bank of Bay Point,
Port Chicago.
First National Bank, Beverly Hills.
San Bernardino National Bank, San
Bernardino.
West Hollywood First National
Bank, W^est Hollywood.
First National Bank, Artesia
First National Bank, Woodlake..--First National Bank, Hermosa
Beach.
California National Bank, SacraFirst National Bank, Oceanside
Central National Bank, Oakland7 2K
City National
Bank, Huntington
Park 7
First National Trust & Savings
First National Bank, Rialto 7
Coast National Bank, Fort Bragg.-Anaheim
First National Bank, Anaheim.7
2692 National Bank of Pico 7 23
2698 Wilshire National Bank, Los Angeles.7 ^
2784 First National Bank, San Gabriel7—
2322
2546
2687
Dollars
25,000 Jan. 12,1932
100,000 Jan. 23,1932
50,000 Feb. 6,1932
Dollars
115,010
207, 251
194, 943
Dollars
33,875
717, 495
358, 734
Dollars
46,846
53, 028
5,774
9,1932
88,042
386, 058
25, 000 Feb. 17,1932
147, 430
96,101
3,252
do
300, 000
25, 000 Mar. 18,1932
1, 001,329
19, 956
458, 317
129, 505
10, 952
19, 733
450, 000 June 7,1932
100, 000 June 21,1932
3, 032,107
245, 557
2, 234, 771
803, 478
1, 607, 978
678, 874
25, 000 Feb.
34,373
75, 000 June 28,1932
86, 041
195,900
22, 546
50, 000 July 18,1932
25, 000 Dec. 2,1932
50, 000 Dec. 29,1932
280, 735
83, 812
16,913
224, 466
27, 051
248,862
35, 022
16, 592
43,571
2, 000, 000 Jan. 21,1933
6, 667, 085
7, 093, 858
1,963, 879
349,170
100,000 Feb. 15,1933 .
1, 200, 000 May 8,1933 10, 433,904
125, 000 July 13,1933
387, 502
290, 546
7, 627, 637
364, 660
40,098
4, 798, 947
173,888
150, 000 July 18,1933
1, 547,169
897, 484
277,891
75, 000 Aug. 2,1933
100, 000 Nov. 7,1933
75,000 Jan. 15,1934
322, 965
336, 749
306, 256
380, 387
436, 665
396,308
48, 534
35, 250
33, 474
50, 000 Jan. 16,1934
200, 000 Jan. 22,1934
75, 231
179, 535
136, 771
247, 598
1,950
139, 644
50,000 Mar. 27,1934
254, 850
103,150
38, 533
25,000 Nov. 17,1931
215,806
248, 539
35, 920
50, 000 Dec. 23,1931
25, 000 Jan. 12,1933
30,000 Aug. 18,1933
27,198
79, 818
190, 740
206, 330
272, 773
223, 452
631
39,103
7,869
Sept. 21,1933
Oct. 9,1933
do
Oct. 31,1933
Dec. 18,1933
556, 545
136, 991
155,132
210, 549
160,102
603,461
130, 689
328, 741
214,893
171, 335
33,216
1,182
31, 259
61, 068
4,890
50, 000 Jan. 26,1934
50, 000 Mar. 28,1934
50, 000 June 18,1934
266, 543
275,172
330, 451
81, 266
322,113
88, 594
36, 371
1,810
29, 668
COLORADO
2395
2432
2435
2513
2623
First National Bank, Steamboat
Springs.
First National Bank, Idaho Springs.
First National Bank, Littleton
Montezuma
Valley National Bank,
Cortez.7
Rubey National Bank, Golden 7 7
First National Bank, Central City .
First National Bank, Mancos77
First National Bank, Aurora _
First National Bank of Douglas
2704
2787
2849
First National Bank, Eaton 7 23
Boulder National Bank, Boulder7 7 n _
First National Bank, La Junta
1811
1866
2228
2344
v^ouniy ax vvastic JttocK.'
CONNECTICUT
None
.
DELAWARE
None
Footnotes at end of table, pp. 420 and 421.
50,000
25, 000
50, 000
25,000
50,000
287
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Progress of liquidation to date of this report
AddiTotal
tional
assessassets
ment
received
upon
since date shareof failure holders
Dollars
9,201
32, 224
32, 639
Dollar,
25,000
100,000
50,000
Total
Cash colassets and
stock as- Cash col- lections
from
sessment
lections
stock
:rom assets assessment
Dollar,
229,932
1,109,998
642,090
Dollars
120,131
527, 469
346, 451
Receivership earnings, cash
collections from
interest,
premiums, rent,
etc.
Unpaid
balance
R. F. C.
or bank
loan
Dollars
Dollars
Dollars
14. 200
6,917
33, 340
43,547
16,427
24, 520
Offsets
allowed
and
settled
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. C.
or bank
loan
Dollar,
Dollars
9,9
151, 236 1892
688, 603 1921
84, 247
422,659 1955
35, 261
16, 784
25,000
550, 257
301,198
13, 944
31,042
31,104
377, 288 1959
7,426
25,000
279, 209
145, 974
10, 218
14, 715
14, 443
185, 350 1976
300,000 1, 818, 222
199, 210
25, 000
826,030
91, 420
61, 743
7,616
450, 000 7, 679, \ 4,068, 779
100,000 1,948, 668 1,123,098
157, 581
21, 569
189, 491
78, 734
209, 6181
120,391
47, 624
5,016
355, 013
120, 759
58, 212 1,103, 566
1,283
121, 888
505, 416 4,973, 304
90, 454 1,412, 677
1977
2001
2036
2057
4,272
75,000
383, 759
181,527
25, 629
20,018
8,514
235, 688 2073
69, 285
9,466
6,183
50,000
25, COO
50,000
659,508
161,921
365, 529
347,166
100,445
171, 953
16, 385
14, 30^
22,102
13,185
5,841
8,851
30,104
10, 538
8,584
406,840
131,131 2192
211,490 2210
199,015 2,000,000 17, 923, 837 9,815, 671 1, 367, 726
634,012
15,859
809, 452
390,180
29, 638 100,000
2, 695,091 1,200,000 26, 755, 579 17, 341, 683 1, 036, 467
546, 541
19,258
12, 407 125,000 1,063,457
23,401
789, 290
39, 650
157, 624
150,000
3,030,168
2,084,148
126, 380
119, 259
43,137
9,341
11,486
75,000
100, 000
75,000
870, 023
918, 005
822, 524
390, 979
639, 611
455, 787
42,126
60, 566
22, 777
40, 874
46, 679
47, 500
10,121
50,000
200,000
274,073
829, 559
154,724
323, 050
25, 286
48, 056
50, 000
456,145
307, 893
124, 499
25,000
649, 764
23, 950
34, 600
35, 682
50,000
25, 000
30,000
308,109
451, 294
487, 743
86,981
38,048
38,126
38, 284
50,161
31, 521
40, 809
72, 881
62, 782
9,612
1, 633,048 13, 450,457 2244
66,000
12, 471
441,911 2278
2, 437, 543 21, 604, 983 2297
700,006 2310
28, 557
80, 045 2, 409,832 2311
27, 345
20, 774
30,090
501,324 2322
767, 630 2546
589,154 2687
10,963
17, 935
7,438
30, 773
198,411 2692
419, 814 2698
16, 667
26, 956
19, 910
371, 426
357, 472
19,050
25, 649
60, 260
462, 431 1811
125, 721
265, 643
330, 348
15,661
12, 574
5,270
14, 864
21, 246
24, 275
13, 656
15, 373
21,137
169, 902
314,836 2228
381,030 2344
50, 000 1, 330, 203
331,910
25,000
603, 258
50,000
549,794
25,000
436, 488
50,000
983.750
187., 471
375., 749
317, 559
268, 553
11, 263
25, 000
20, 234
2, 400
21, 227
90, 583
22,907
29, 619
27, 675
19,711
73, 747 1,159, 343 2395
263,557 2432
28,179
437, 903 2435
12, 301
364, 048 2513
16,414
323, 648 2623
14,15'
50, 000
50,000
50, 000
315,612
430, 616
311,933
34, 988
32, 245
28, 220
39,482
29, 570
18, 777
21, 409
28, 910
53, 323
465, 701
689, 904
571, 594
33,000
411,491 2704
521, 341 2787
412, 253
288
REPORT OF THE COMPTKOLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 81, 1987,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—C ontinued
Loss on
assets
compounded
or sold
under
order of
court
Dollars
Disposition of proceeds of liquidationConservators'
distributions
Book
Book
Book
value of value of
value
remainassets
of remain- ing un- returned
ing uncol- collected to shareTo selected
stock as- holders'
cured
assets
sessment agents creditors
Dollars
Dollars
Dollars
To unsecured
creditors
Dollars
Dollars
Dividends paid
by receivers
On secured
claims
On unsecured
claims
Dollars
3,538
2,016
Dollars
69,939
223, 400
166, 645
Secured
and preferred
liabilities
paid
except
through
dividends,
including
offsets
allowed
Dollars
1892
1921
1955
74,813
157,120
123, 641
241,162
86, 737
10,800
66, 660
33, 573
1959
103,490
89,465
11,056
18, 229
119,466
1976
93, 792
14, 782
9,485
76, 719
77,100
1977
2001
214,137
81, 507
419,843
142, 419
3,431
521, 658
28, 960
461, 612
72,108
2036
2057
1, 288, 697
206,894
1, 366. 977
428, 222
260, 509
21, 266
2073
118,718
49 371
115, 559
101,949
2192
2210
232, 238
25 938
131,989
3,003
33, 615
10 693
27,898
119, 841
70,824
17,462
254,947
35, 976
147, 707
2244
2, 533, 659
1, 941, 459
632, 274
2278
2297
2310
99, 442
1, 711, 845
54, 014
207, 359
2311
291,977
423,998
23,620
2322
2546
2687
102 702
104,815
92, 810
273 997
52 805
168,837
32 874
39, 434
52, 223
2692
2698
11 220
101, 724
24, 714
151,944
2784
78, 342
33 333
1811
203, 710
3,322
5,950
1866
2228
2344
82,818
145, 278
106,258
35,914
34, 339
12, 426
24 730
7,787
15, 992
2,693
2395
2432
?435
2513
2623
222, 706
54 692
165. 208
48, 922
103 778
38, 737
2704
2787
2849
27, 087
180 378
156, 338
309, 345
14, 667
81, 753
5,749
9
7,535
9, 705,474
9
9
1, 230, 587 2, 923,843
702, 711
430,815
375,293
51, 593
8
9
163, 826
119, 033
82, 247
300,027
5,184, 445 6,036,639
495, 774
140, 353
589,699
765,334
282,143
184, 782
393,399
64, 336
343,845
55, 531
143,857
323,466
225,889
131, 921
206,963
307,155
105,445
48, 974
199, 728
135,427
67, 656
74, 631
217,276
53, 231
10, 065
35, 696
18, 266
488, 977
160, 510
91,920
114,875
190,163
562, 665
45. 688
284, 808
177, 372
105,635
2,120
196, 778
129, 087
74, 316
169, 465
186, 521
186, 639
3,563
50 691
174,012
Footnotes at end of table, pp. 420 and 421.
9,760
872, 862
29, 766
22, 600
28 773
15,012
17 755
21, 780
200,385
6, 479, 610 6,094, 268
84,141
. 163, 533- 4,064,508
105, 742
36 568
141,899
55,048
382,891
209, 308
REPORT OF THE COMPTROLLER OF THE CURRENCY
289
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Disposition of proceeds of liquidation—Con.
Cash advanced
in protection
of assets
Conservators'
salaries,
legal and
other
expenses
Dollars
Dollars
597
75
Receiv- Cash in
hands
ers' salof comparies,
legal and troller
and reother
expenses ceivers
Amount
returned
to shareholders
in cash
Total
liabilities Amount
estab- of claims
lished to proved
date of
report
Dollar,
Dollars \ Dollars Dollars
15,530
6,584!
! 163,103
50,9156
20,476
I 856,775
42, 208
4,423.
j 484,994
3,840
33, 518
64
21, 982
1,731
17
90, 603
20,803
61, 695
696
236,207
93,121
Dividends
cent)
Interest
diviDate
dends finally
(perclosed
cent)
Dollars
1892
1921
1955
104, 207
463, 950
273,665
67
48
60
482, 740
298, 948
46
216, 886
146,981
58.65
689,263
75,514
75
38.35
1977
Td/21/37 2001
506*305
103, 581
1,157,197
147, 782
6, 328,229 3,
1, 395,921
352, 605
872,280
36.66
80
2036
2057
l,850l
27,962 L
1959
6/11/37
975
17,205
227,057
122,155
94.6
10/29/37
12,953
21,339
473,969
103, 289
267,354
216,398
66, 843
111, 979
55. 38
100
15
7/27/37
355
161
32, 052
11, 023
19,072
9,083
439,501
427,995
13, 550,673 7, 405,629
41,864
4,862
338,734
41, 216 ""§,"906
582,339
274,195
180,582 20,029,411 13,949,707
797,242
280, 741
5,376
114,446
3,071
44,663
5,926
14,144
64,180
98, 617
9,737
166
12, 435
7,024
8,135
14, 634
41,133
25,647
28, 418
50, 031
8,347
5,040
1,163
1,306
4,632
10, 721
11,945
23,254
12,786
19,756
278
4,292
925
"728
8
2, 537, 673 1, 760,932
1,674
14, 787
694,619
680,999
665,474
573,056
606,978
313, 084
172,346
356, 039
48, 317
128,444
357, 732
150, 081
8
100
100
11, 228
480, 056
371,183
82
3,388
192,531
361, 000
361,508
111, 304
285,306
144,613
44
75.61
95.51
10,157
4,781
6,348
6,168
5,673
44,313
15,383
18, 853
27,937
22,177
1,097,092
235, 023
452,824
506,851
286,334:
529, 294
178, 345
182,308
304,756
180,198
8,123
10,119
15,470
17,330
31, 788
16, 067
345,665
521,286
399, 554
172,355
328,746
204,277
_i
16,750'
2/1/37
2278
2297
2310
2322
2546
2687
3.14.93
3 12
5/19/37 2692
11/23/36 2698
8/30/37 2784
22,9921.
15,138|_
i 6. 74
100
59
22,395
24,485
22,246
27,130 j -
2244
83
38,603
-I-
2073
2192
2210
5.95
87.5
30
15 100
50
1976
1811
1866
8/25/37 2228
4/30/37 2344
100
90
70
39
100
io 2.44
100
89.1
94. 65
3 15.4
8
8
6/30/37 2395
2432
2435
2513
io 5. 53 "9/24/37 2623
4/30/37
3/8/37 2704
9/30/37 2787
12/9/36 2849
290
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33—National banks in charge of receivers during year ended Oct. 31, 1987,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
Capital
stock at
date of
failure
Date receiver
appointed
Estimated Estimated Estimated
good
doubtful worthless
DISTRICT OF COLUMBIA
Dollars
2285
2514
2540
Commercial National Bank, Washington.
Federal-American National Bank &
Trust Co., Washington.*
District National Bank, Washington.^
1300
1366
1370
1411
1470
1518
1559
1773
1924
2214
2484
2745
First National Bank, Avon Park
First National Bank, Lakeland
First National Bank, Auburndale-..
Polk County National Bank in
Bartow.
First National Bank, St. Augustine..
First National Bank, Jasper
...
First National Bank, St. Petersburg.
First National Bank, Perry
City National Bank in Miami
First National Bank, Panama City.
Central National Bank & Trust Co.,
St. Petersburg.
First National Bank, Oraceville
First National Bank, Arcadia
Putnam National Bank, Palatka
First National Bank
of Commerce,
Tarpon Springs.7
First National Bank & Trust Co.,
in Orlando."
Dollars
Dollars
7, 458, 557
1,006, 784
2, 000, 000 Oct. 31,1933
7,462, 720
6, 389, 942
3,242,901
1, 000, 000 Nov.
6,1933
4, 228,968
3, 397, 235
975,197
100,000
100,000
50,000
200,000
Feb.
May
May
June
18,1929
15,1929
15,1929
28,1929
181,452
731,968
109, 667
413,486
274, 513
1,315,256
236,338
885,600
131,038
293,814
82, 267
730,857
130,000
30,000
600,000
50,000
500,000
250,000
300,000
July
May
June
Oct.
Dec.
Feb.
Apr.
25,1929
13,1930
9,1930
25,1930
23,1930
12,1931
21,1931
812,843
201,856
1, 977,477
44, 694
3,274,828
187,750
900, 250
1,164, 714
27,951
3,905,656
366,355
3,390,130
599, 097
1,648,468
526,181
199
394,067
94, 753
671,239
403,136
577,393
35,000
100,000
100,000
75,000
Oct.
Jan.
Dec.
Oct.
27,1931
26,1932
31,1932
26,1933
61, 554
106,107
54, 679
145, 431
97, 823
595,044
1, 352,824
134,028
42, 699
27,356
328, 790
23,580
200,000 Feb. 27,1934
1,833, 250
709, 262
534,824
FLORIDA
1265
1284
1285
1292
Dollars
6, 289^537
1, 000, 000 Feb. 28,1933
GEORGIA
909
1231
1242
1276
1493
1667
1668
1997
2028
2102
2201
2211
2865
2930
2938
Georgia National Bank, Athens
First National Bank, Dublin..
_
Fourth National Bank, Macon
First National Bank, Sandersville—
National Bank of Wilkes at Washington.
First National Bank, Lyons
First National Bank, Vidalia
First National Bank, Hartwell
Hancock National Bank, Sparta
First National Bank, Thomas vine.2_.
First National Bank, Fort Gaines K
Winder National Bank, Winder
First National Bank, Millen 7 23
Citizens1 National Bank, Barnesviile.
Citizens
National Bank, Washington.1
400,000
200,000
500,000
50,000
50,000
Apr.
Sept.
Nov.
Mar.
Jan.
17,1925
24,1928
26,1928
14,1929
12,1931
1,916, 328
277, 770
8,123, 464
77, 510
145,08
743,757
911,439
1,070,097
378,082
254,767
585,896
561,448
938,815
72,135
50, 387
25,000
35,000
75,000
25,000
100,000
50,000
100,000
25,000
50,000
Sept. 3,1931
do- ---Mar. 8,1932
May 24,1932
July 27,1932
Dec. 19,1932
Dec. 30,1932
June 26,1934
127,698
169, 230
80,069
100, 250
123, 96
18,18
148, 27
71,42
10,47
34, 702
91,055
160, 471
109,975
191, 630
130,654
259, 615
36,045
61,406
26,203
135,037
25,216
49, 649
100,874
8,435
32,837
11,394
50, 781
12, 233
54, 848
First Exchange National Bank,
Coeur d'Alene.
Twin Falls National Bank, Twin
Falls.
First National Bank, Twin Falls....
Security National Bank, Fairneid...
First National Bank in Driggs
Citizens National Bank of Salmon..
Boise City National Bank, Boise
Parma National Bank, Parma
100,000 Jan.
IDAHO
12*9
1816
1843
2003
2020
2031
2112
2130
Footnotes at end of table, pp. 420 and 421.
A u g . 29,1935
75,000 1 Aug. 12,1936
i
150, 000 Dec.
100, OOC
25, OOC
25,000
100, OOC
375, OOC
25, OOC
Dec.
Mar.
May
May
Aug.
Sept.
19,1929
804,62
211,021
125,967
2,1931
52,54
142, 645
228,821
12,1931
19,1932
3,1932
25,1932
9,1932
12,1932
494,82
52,68
63,58
194,86
1,539,38
64,17
463,506
74, 308
62, 479
377,064
886,087
82,735
240, 481
540
58, 269
74,213
616,544
10,843
291
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Progress of liquidation to date of this report
Total
Addiassesstional
ment
assets
upon
received
»ince date shareof failure holders
Total
assets and
stock assessment
Cash collections
from
Cash colstock
lections
assessTorn assets ment
Receivership earnings, cash
collections from
interest,
premiums, rent,
etc.
Unpaid
balance
R. F. C.
or bank
loan
Offsets
allowed
and
settled
Dollars
Dollars
Dollar,
Dollars
Dollars
9, 420, 699 256, 559
295,007 2,000,000 19, 390, 570 8, 682, 388 1,293,112
Dollar,
224,967
Dollars
Dollars
1,000,000 15,979, 845
606,187
502,043
575, 839
826,124
220, 000
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. O.
or bank
loan
Dollars
11? 361, 327 2285
12,140, 779 2514
1,119,155
503,820
1,000,000 10,105, 220
5,140, 448
670, 89'
394, C
6, 996. 702 2540
791, 349
25,675
215,166
66,003
71,16:
100,000
100,000
50,000
200,000
712, 678
2, 656, 204
544,2""
2, 301,105
239, 218
999, 317
124,055
959,316
23, 723
30, 892
9,370
127, 910
16,041
25, 755
5,859
43, 730
332, 038
47,051
184, 254
1, 388,00: 1284
186,335 1285
1,315,210 2292
170, 759
37, 468
1,000, 341
83,833
230,074
166, 436
489, 770
130,000
30,000
600,000
50,000
500,000
250,000
300,000
2, 804, 497
297,474
7, 877,541
639, 635
8,066,271
1, 636, 419
3, 915, 881
1,198, 344
126,024
3,041,320
206, 542
3, 397,968
419, 058
1, 494, 541
116,264
6,412
342, 905
31,240
331,977
66, 815
169,929
91, 754
7,298
208, 237
16, 323
218, 388
22. 644
95, 286
152. 998
9,796
544, 869
30,053
700, 572
40,197
381, 87t
1,559,360
149,530
4,137,331
284,158
4,648,903
548, 714
2,141, 632
1300
1366
1370
1411
1470
1518
1559
11, 206
216, 642
98, 568
112,909
35,000
100, 000
100.000
75,000
248, 282
1,045,149
1,932, 861
490.948
91, 590
317,986
794, 503
175,167
21. 733
32, 734
58,66E
23, 520
10,161
16.376
25, 598
9,455
6,55f
51,578
86,061
20, 308
130, 040
418.674
964( 827
228,450
1773
1924
2214
2484
129,083
200,000
3, 406, 419 1, 905, 088
167, 069
120, 434
156,015
243,819
157,433
14, 293
140, 430
400, OOf 3,801,996
200,000 2.194,476
500,000 10,789,809
50.000
592,020
50,00C
640,665
1, 821, 414
818,038
7, 376, 651
248, 521
183, 284
315, 846
80,6€6
285,44C
11,522
23, 738
125, 438
37,15;
207, 256
15, 279
21, 547
346,151
115,317
1,006,227
19, 481
29,579
2,608, 849
1,051,178
8, 875, 57'
294, 801
258,148
1231
1242
1276
1493
25,00C
35, 00C
75,00C
25,00C
100,00C
50.001
100, 00C
25,001"
50,001
227,396
469, 384
395. 28.'
296, 41'
607, 538
217, 323
573,086
152,30i
172, 741
109,883
146, 878
127, 656
150, 506
175, 262
87,022
249,078
88, 274
25, 79'
7,642
12, 650
51. 548
21, 700
60,710
25, 222
47, 62'
8,317
26,995
12,
14,009
10, 869
16, 8"~
9,7'
8,104
19,084
10,033I
4,753
21,010
32, 502
12, 335
14, 782
14,192
3,748
27, 765
6,934
10
151,312
206, 039
202, 408
203, 860
259,939
124,096
343, 554
113,558
57,555
1667
1668
1997
2028
2102
2201
2211
2865
2930
75,00C
142,08
3,250
1,393
100,00(
1, 254, 38'
34,126
36,961
13,793
39, 062
54, 525
11, 540
91,069
10,04"
32,363
8,445
12, 774
3, 2(1'
817, 23C
86, 62C
150,00C
660, 63
158, 5S£
44,20
11,97*
22,104
74,326
364,91
2,58
100, OOf
25,00C
25,00C
100,00C
375,00C
25,00
1,343,01,
164, 51:
231, 44
820, 47i
3,781,928
185,336
811,18€
119,92
102,912
402, 256
1, 733, 452
103, 804
24, 71:
56, 84!
12, 89
12,131
48; 405
123, 263
7,0681
9,854
69, 652
11,991
7,524
38, 877
103, 203
10, 700.
1265
334, 397
185,130
2,712,118 2745
2938
95, 780
984,097 1259
34, 710
227, 86£ 1826
66, 265
3,543
25, 832
60, 632
143, 281
4,736
1,003,952
148, Z4T
148, 40'
550,17
2,103, 19i
126, 30!
1843
20 03
2020
2031
2112
2130
292
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31,193?',
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—C ontinued
Disposition of proceeds of l i q u i d a t i o n -
Conservators'
distributions
Loss on
assets
compounded
or sold
under
order of
court
Dollars
2285
2514
2540
877,115
1,051,973
432,177
Book
Book
Book
value of value of
value
assets
remainof remainreturned
ing un col- ing un- to sharecollected
lected
holders'
stock
asassets
agents
sessment
Dollars
4,106,192
Dollars
743,441
6,537,054
706,888
2, 741,246
329,103
Dollars
To secured
creditors
To unsecured
creditors
Dollars
Dollars
9
30,102
Dividends paid
by receivers
Secured
and preferred
liabilities
paid
except
through
dividends,
including
offsets
allowed
On secured
claims
On unsecured
claims
Dollars
29
Dollars
3, 365,338
Dollars
7,412,737
9
4,173,109
1,276,921
5,695,202
9
1,918,208
993,114
3,308,767
84,813
500,949
33,765
129,277
157,343
647,293
106,996
1,017,175
1265
1284
1285
1292
343, 578
1, 224,849
323,169
957,535
76,277
69,108
40,630
72,090
11,102
8132,431
9,111
68,645
1300
1366
1370
1411
1470
1518
1559
1,323,155
131,654
3, 691,352
150,768
1,154, 712
323,749
1,739,464
13,736
23, 588
257,095
18,760
168,023
183,185
130,071
69,954
4,120
67,324
22,187
16,547
57,256
782
351,883
64,289
1,765,384
74,062
1,497,954
174,890
955,290
1,036,487
46,679
1,980,040
120,766
2, 520,607
229,657
946,435
1773
1924
2214
2484
47,393
475,694
506, 509
220,473
67,743
99,891
445,788
13,267
67,266
41,335
51,480
2,426
15,363
34, 669
53,692
83, 580
80,749
58,337
35,099
231,024
747, 388
141,961
2745
254,447
861,754
32,931
500
2,301,516
909
1231
1242
1276
1493
1, 234,431
1,061,121
1,906,931
274,018
90, 481
287,321
84,154
119,334
214, 560
.38,478
26,26?
81,103,954
25,855
150,396
8 32,430 8 5,709,253
36,551
38,259
114,147
1, 376,347
812,106
2,899,485
183,973
79,720
1667
1668
1997
2028
2102
2201
2211
2865
2930
71, 503
111,212
180,290
19,048
318,084
39,410
118,839
9,938
11,150
2938
63,821
1259
202,272
2, 313,021
573,415
17,358
22, 350
23,452
3,300
39, 290
24,778
52,373
16, 683
23,00
9
183,297
8,056
6,119
17,580
3,865
22,694
9,903
33,517
8
43,119
14,369
83,713
54, 697
112, 551
40,014
134, 596
40, 537
14,022
63 822
135,575
71,694
100 772
97,745
53,797
118,325
54,349
27 822
71,75
2,165
4,232
241,377
65,87
«7,979
1826
317,333
125,28
7,49
72,32
111,267
1843
2003
2020
2031
2112
2130
203,69
16,04
77,69
257, 58
525,958
51,79
43,15
12,10
12,86
51,59
251, 73
17,93
7,78
12,66
7,10
18,73
33,87
8,06
434 26
57,20
31 13
213 45
838,05
41,23
401 434
29, 558
92 938
269 979
948,130
58,858
143,792
87,078
77,404
85, 783
161,87
1,004,23
37,143
22,160
Footnotes at end of table, pp. 420 and 421.
8 620,20
314,384
293
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Disposition of proceeds of liquidation—Con.
Cash advanced
in protection
of assets
Conser- Receiv- Cash in
vators'
ers' salhands
salaries,
aries,
of complegal and legal and troller
other
other
and reexpenses expenses ceivers
Dollars
Dollars
34,058
Total
liabilities
Amount
estabAmount lished to of claims
returned
proved
to share- date of
report
holders
In cash
Dollars
Dollars
Dollars
Dollars
Dollars
13,244,195 5,603,948
453,968
95,197
146,319
284,068
510,308
24,750
14,249,645 8,379,962
55,974
127,211
335,138
258,290
2514
468,879
317 593
2,192,816 1, 754,032
364,331
285,833
1, 575,017
776,166
30 2
8 36.11
15
25.5
2 336,624
195,042
5,487,816
444,262
6,403, 277
830, 758
2,802, 585
1 451,104
155,191
3, 565,580
333,905
3,735, 559
638,616
1,824,915
29 07
44 08
51.4
28
40
35
52.39
2/11/37 1300
2/27/37 1366
10/30/37 1370
1411
1470
1518
9/28/37 1559
45
23.33
15
67
1773
1924
2214
8/13/37 2484
1,933
1,844
217
13,247
36,488
43,951
5,284
25,576
50,286
56, 226
22, 651
159,854
613,622
1,388, 206
233,820
118, 613
357,929
636,705
87,070
17, 506
60, 736
87,837
60, 726
2, 759,412
604, 241
14,277
2,480,259 1,103,955
1, 567, 532
841,295
9,447,423 6,632,417
434,850
395,819
387,682
302,018
71
207
192
1,646
606
21,998
27,486
29,229
31,520
26,343
19,009
38,504
11,352
8,424
6,784
14,246
22,283
75
50
7
95.817
45
59.15
100
78
100
20
1,510
14,726
14,726
14.7
1,373
291
7,287
1265
1284
1285
1292
2745
6/30/37
5/13/37
9/27/37
7/21/37
2 100
20.95
8 86. 57
18.9
37.5
85,069
214,655
106,830
121,218
228, 646
42,242
170,957
34,094
70,110
17,951
3/20/37
8/31/37
1/28/37
9/24/37
8 30
158, 545
361,924
177,436
229,812
315,747
100,728
329,989
90,074
70,120
11, 360
2285
2540
101,036
28,444
275, 500
48, 663
380,863
70,597
215, 633
73,485
60,614
230,867
34, 628
48,555
60
8
5,998
49,083
828
38, 240
3, 253
23,492
55,063
2,207
3,539
1,392
1,449
Date
finally
closed
7,346,412 3,867,358
42,172
87,408
32,402
86,481
17, 652
194,692
13,061
Interest
dividends
(percent)
8 65
13,434
19,921
4,061
13,632
661
245
Dividends
(percent)
909
1231
1242
1276
1493
1667
1668
1997
2028
5/18/37 2102
7/24/37 2201
2211
7/17/37 2865
2930
8/30/37
318.. 17
318.9
7/16/37 2938
485
41,049
1,029, 363
712,220
8 88.2
1/29/37 1259
4,221
32,558
308,850
210, 605
37.9
9/18/37 1826
5,719
77,891
18, 598
16,834
43,538
113,718
18,151
388
4,465
4,502
76,860
17 30, 321
164,918
635, 359
1 051,137
94,102
62,490
154,013
69,622
543,171
281, 304
2, 566,868 1,571,778
124, 725
67,441
68
100
54.9
82.54
53.33
73.1
3 11. 81
1843
5/13/37 2003
9/23/37 2020
8/31/37 2031
2112
6/18/37 2130
294
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31,1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
Capital
stock at
date of
failure
Date receiver
appointed
Estimated Estimated Estimated
good
doubtful worthless
ILLINOIS
1312
1347
1359
1389
1407
1413
1420
1425
1437
1444
1471
1476
1490
1546
1547
1582
1596
1597
1601
1604
1606
1609
1614
1616
1629
1651
1688
1696
1708
1711
1715
1721
1750
1755
1765
1779
1786
1808
1830
1831
1850
1853
1880
1906
1910
1928
1939
1943
First National Bank, Taylorville.—
Commercial National Bank, Chatsworth.
Pana National Bank, Pana.
First National Bank, McLeansboro.
First National Bank, Martinsville_.
Old First National Bank, Farmer
City.i
Quincy-Ricker National Bank &
Trust Co., Quincy.
First National Bank, West Salem. _.
First National Bank, Benton
First National Bank, Marion
First National Bank, Augusta
First National Bank, Sesser
Lawrence Avenue National Bank,
Chicago.
First National Bank, Oak Park
Austin National Bank, Chicago
Albany Park National Bank &
Trust Co., Chicago.
Washington Park National Bank,
vyincago.
Inland-Irving National Bank, Chicago.
Manufacturers National Bank &
lrust t o . , KOCKiora.
Security National Bank, Rockford..
First National Bank, Downers
Grove.
Waukegan National Bank, Waukegan.
First National Bank, Watseka
First National Bank, Morrisonville.
Will County National Bank, Joliet.
First National Bank, Polo
Rogers Park National Bank, Chicago.
Ogden National Bank, Chicago
First National Bank, Kewanee
National Citv Bank, Ottawa
Calumet National Bank, Chicago...
First National Bank, Carterville
West Side Atlas National Bank,
umcago.
First National Bank, Erie - _
City National Bank, Herrin
National Bank of Albion, Albion
First National Bank, Sycamore
First National Bank, Noble
First National Bank, West Frankfort.
First National Bank, Christopher
First National Bank, Momence
Gillespie National Bank, Gillespie..
First National Bank, Cambridge l.Home National Bank, Elgin
First National Bank in Mount
Olive.
Farmers National Bank, Pekin
First National Bank, Harvey
Hopedale National Bank, Hopedale
Footnotes at end of table, pp. 420 and 421.
Dollars
200,000 Oct. 18,1929
40,000 Mar. 8,1930
841, 377
213, 643
Dollars
525, 887
167, 012
Dollars
207,807
41,712
1,1930
4,1930
11,1930
25,1930
318,034
265, 528
164, 622
553,102
276,120
141, 238
34, 792
110, 068
24,344
500, 000 Nov. 10,1930
100, 000
50,000
25,000
65, 000
Apr.
Aug.
Oct.
Oct.
Dollars
721,120
3, 525, 610
509, 361
18,1930
2,1930
5,1930
23,1930
26,1930
9,1931
188, 473
315,405
1,130, 763
150, 583
98, 526
200, 336
108,188
1, 216, 006
771, 438
206, 466
167, 866
609, 989
15, 893
177,159
50, 442
49,887
45, 590
126, 068
100, 000 Apr. 1,1931
250, 000 Apr. 6,1931
300, 000 May 19,1931
149, 099
1, 495,116
908, 969
319, 550
1,531,216
1, 595, 801
17, 570
84, 248
86, 003
600, 000 June
2,863, 461
4, 086, 761
1, 593, 884
1, 992, 425
3, 243, 080
468, 707
500, 000 June 16,1931
2, 204, 934
2,895,098
81,831
200, 000 June 18,1931
100, 000 June 19,1931
724, 599
393,110
1, 272, 625
611,026
412, 832
50, 212
250,000 June 22,1931
1,108,437
2,311,901
57,157
50, 000
50, 000
200, 000
50, 000
100, 000
June 29,1931
do . . . .
July 15,1931
Aug. 12,1931
Sept. 24,1931
156,136
88, 272
772, 242
263, 798
223,731
189, 675
175, 884
2, 309, 567
256, 619
1,146, 953
40,889
11,859
105, 397
17, 6Q2
24,106
200, 000
125, 000
200, 000
400, 000
50. 000
200, 000
Oct. 1,1931
Oct. 6,1931
do
Oct. 7,1931
Oct. 10,1931
Oct. 16,1931
165,412
901, 339
355,425
681, 534
109, 729
233, 221
385, 314
674, 316
835, 070
2, 473,162
302, 490
1, 399, 639
193, 443
15, 423
182, 284
352,113
12, 237
441, 558
40, 000
50, 000
50, 000
175, 000
25,000
25,000
Oct.
Oct.
Oct.
Oct.
Nov.
Dec.
19,1931
22,1931
29,1931
31,1931
14,1931
7,1931
364, 944
55, 784
268, 285
755, 978
42, 226
126, 400
254, 077
821, 906
469, 540
881,853
159, 472
968, 697
8,885
31,012
5,081
117, 316
19, 733
46, 233
do
Dec. 17,1931
Dec. 19,1931
Jan. 8,1932
Jan. 20,1932
- . do
102, 802
82, 500
103, 838
52, 441
611,515
44, 547
878, 008
555, 887
1, 359, 075
200,181
1, 047, 685
504, 590
21, 826
148
15,129
21, 249
356. 370
3,163
100, 000 Jan. 26,1932
100, 000 Feb. 1,1932
50. 000 1 Feb. 2,1932
506, 461
479, 533
54, 513
743, 929
655, 030
99, 796
3,779
56, 433
28, 388
25, 000
100, 000
100, 000
60,000
25,000
200, 000
525, 000
60.
50,
75,
50,
150,
50,
000
000
000
000
000
000
Nov.
Dec.
Dec.
Dec.
Dec.
Jan.
9,1931
do
295
REPORT OP THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Progress of liquidation to date of this report
Total
Additional
assessassets
ment
received
upon
since date shareof failure holders
Total .
assets and
stock assessment
ReceiverearnCash col- ship
ings,
cash
Cash col- lections
collecfrom
lections
tions
from
stock
from.assets assessinterest,
premiment
ums, rent,
etc.
Unpaid
balance
R. F. C.
or bank
loan
Offsets
allowed
and
settled
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. C.
or bank
loan
Dollar,
Dollars
104, 936 1, 381, 835 1312
40,851
283, 625 1347
121,691
21, 395
Dollars
200,000
40,000
Dollars
1,896, 762
483, 762
Dollars
1,049,006
205,009
22, 307
11, 494
32, 618
14
100,000
50, 000
25,000
65,000
1,028,235
713,210
387,822
65, 014
508, 776
286, 402
155, 690
1
65,239
4,990
13, 253
57, 718
43,652
13, 715
15, 584
756
94, 326
500,000
5,350,417
2, 630, 840
343, 363
202,065
24, 228
155, 779
96, 670
30,184
54, 662
10,394
25, 000
100,000
100,000
60,000
25,000
200,000
361,782
1, 964, 349
2,149, 313
497,120
391, 644
1,146, 787
139,689
865,045
869,140
193, 549
175,021
354,987
20, 705
30, 796
60,916
48,066
13, 755
54, 707
9,023
85, 344
103, 955
15,518
10,184
28,048
38, 961
208, 378 1425
81,027 1, 062, 212 1437
140,388 1,174, 399 1444
20, 771
277, 904 1471
23,183
222,143 1476
58,805
496, 547 1490
43, 821
27, 740
165,004
100,000
250,000
300,000
630,040
3, 388, 320
3,055, 777
223,881
1, 657,162
1, 661,889
18,810
118,315
127, 203
12, 235
113,805
105,491
32, 666
287, 592 1546
173,164 2,062, 446 1547
82, 797 1, 977,380 1582
380, 523
600,000
9, 524, 629
4, 523,147
273, 511
334,478
626,010
163,952
525,000
6,393,164
3,001, 935
163, 566
224, 547
494, 438 3,884, 486 1597
267, 458
500,000
5, 949, 321
3,169,511
291,455
95,058
107,818
21, 371
200,000
100, 000
2, 717,874
1,175, 719
1,051,572
514, 395
131,210
50,130
45,912
46,428
13,800
205, 487 1,447,981 1604
70, 476
681, 429 1606
85, 566
250,000
3, 813,061
1, 502, 350
122, 528
165,510
11,500
258,457
28, 281
62. 572
177, 221
8,692
12, 327
50,000
50, 000
200, 000
50,0Q0
100,000
464, 981
388, 587
3, 564, 427
596, 711
1, 507,117
182, 649
132, 777
1, 747, 043
341, 949
612, 369
22, 029
31,029
118, 295
34,126
44,192
14,174
9,876
169,107
24, 730
79, 672
18, 815
237, 667
18, 991
192, 673
155,028 2,189, 473
23, 367
424,172
60,919
797,152
69, 389
164. 567
180, 606
102, 732
1,266
26,057
200, 000
125, 000
200, 000
400, 000
50,000
200,000
1,013,558
1,880, 645
1, 753, 385
4,009, 541
475, 722
2, 300, 475
265, 202
1,054, 099
564, 323
1, 684,122
192, 329
1, 269,115
19, 938
88, 345
40, 539
151,585
15,876
85, 615
71,147
405,950 1696
66, 851 1, 315, 958 1708
115,624
774, 602 1711
167,076 2,167,135 1715
11,897
254,066 1721
137, 702 1, 564, 736 1750
31, 644
59,182
1,697
58, 564
4,394
105, 407
40, 000
50, 000
50,000
175,000
25,000
25,000
699, 550
1,017,884
794,603
1, 988, 711
250,825
1, 271, 737
340, 988
556, 393
344,906
1,003, 498
111, 726
733,441
49, 663
106, 663
54.116
164, 352
33, 964
72,304
15.117
31,381
41, 321
131,949
18,831
14,500
26, 437
32, 506
18,961
90,166
8,603
39,925
32,064
414, 606 1755
92, 228
712, 508 1765
40, 873
446, 061 1779
125, 342 1, 350. 955 1786
8,343
147, 503 1808
32,102
820, 968 1830
66,485
84, 282
45, 628
75, 854
124,052
113, 909
60,000
50,000
75,000
50,000
150.000
50,000
1,129,121
772,817
1, 598, 670
399, 725
2, 289, 622
716, 209
776, 629
342,132
765, 931
132, 573
1; 290, 252
300,128
40, 395
43, 851
39, 657
20, 500
121,850
31,105
46, 410
36. 981
88, 466
13, 734
57. 328
27, 654
148, 655
39, 844
46, 247
100,000
100,000
50,000
1, 502,824
1, 330,840
278,944
831.060
621, 785
94, 212
85,800
82,183
35, 640 i
65,805
56, 675
11,5221
Dollars
27021—38
20
Dollars
156,767
21, 716
Dollars
71,126
16,049
Dollars
38,032
37, 661
14,865
26, 000
655, 699
342, 768
199, 392
58, 475
1359
1389
1407
1413
230, 196 3, 432,464 1420
5, 757,146 1596
369, 387 3, 925, 411 1601
1,000
12, 261
23, 307
19,997
156,728
2,060, 345 1609
875, 695
446,271
914,051
166,807
1, 626,158
367, 675
1614
1616
1629
1651
1688
1831
1850
1853
18S0
1906
1910
67, 597 1,050,262 1928
56, 098
816, 741 1939
43,067
184, 441 1943
296
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31,1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—0 ontinued
Disposition of proceeds of liquidationConservators'
distributions
Loss on
assets
compounded
or sold
under
order of
court
Dollars
Book
Book
Book
value of value of
value
remainassets
of remain- ing un- returned
ing un col- collected to shareTo selected
stock as- holders'
cured
sessment agents creditors
Dollars
Dollars
Dollars
On secured
claims
On unsecured
claims
Dollars
Dollars
Dollars
Dollars
824, 582
467,569
130,466
100,632
23,091
3,494
7,897
13
34, 761
45,010
11,747
7,282
1,146,676
156,637
542,820
197,902
1359
1389
1407
1413
101,865
339,147
192,267
279, 562
1420
842, 705
1425
1437
1444
1471
1476
1490
158,132
271, 733
347,614
222,800
168,440
102,450
1546
1547
1582
1596
430, 545
4,295
69,204
39,084
11, 934
11,245
145,293
273, 493
600, 598
318,636
707,396
692,455
81,190
131, 685
172,797
913,677
2,861,795
326,489
646, 544
692,171
1597
877,636
1,494,155
361,434
1601
420,431
1,489,992
208, 545
9,833
91,675
697, 816
409,817
69, 847
67, 904
211,229
9,661
2,484
203, 978
1, 041,081
35,372
769,202
716,478
927, 721
2,760
4,360,166
1,819,813
814,128
1, 567,237
1,847,864
25,431
162, 94
97,411
1,382,340
304,683
283,526
43, 705
72,386
570,486
57,297
382.101
51,177
157,907
763, 970
387,906
907,264
132,842
483,490
151,272
399,087
315,893
927,963
100,471
813, 554
249,260
214, 586
189,404
896, 786
83,420
298,186
78,298
405, 279
175,096
298,321
38,819
477, 710
192, 569
303,011
244,144
607, 571
80,350
585,085
142,840
789, 317
117,466
102,145
1,700,109
1614
1616
1629
1651
1688
213,517
186,819
238, 536
75,493
366,257
1,223,820
105,902
367,572
1696
1708
1711
1715
1721
1750
350,348
272, 976
105,496
482,386
221,496
537,215
126,861
361, 719
767,942
1,275,957
1755
1765
1779
1786
1808
1830
64,133
170,842
245,323
105,756
293,807
222,365
148,421
266,125
439, 548
1831
1850
1853
1880
1906
1910
146,059
146, 629
420,333
217,152
692, 642
155,107
150,337
18,337
145,884
235,648
16,036
127,696
24,883
18, 619
8,679
43,051
6,169
10, 500
19, 605
6,149
35,343
29, 500
28,150
18, 895
1928
245,951
258,216
14,200
1939
323, 365
229, 592
17,817
1943
91, 665
14,360
Footnotes at end of table, pp. 420 and 421.
1,063,056
92,459
238,957
572,956
174, 499
97, 733
150,613
27,971
18,971
81, 705
15,874
55,808
1609
202,186
2,135,031
52,209
127,472
68,790
49,870
134,172
210,749
317,409
320,828
156.100
36,407
145
2,617
994,483
351,140
187,387
265,625
147,123
134, 220
1,653, 586
759,467
399, 742
1,332,984
266, 332
139, 708
156,443
Secured
and preferred
liabilities
paid
except
through
dividends,
including
offsets
allowed
To unsecured
creditors
43,233
18,284
1312
1347
1604
1606
Dollars
Dividends paid
by receivers
" 128," 706
4,358
1,057
14,054
13,973
756,830
171, 953
760, 527
348,361
101,805
580,204
156,340
494,922
207,010
299, 791
297
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Disposition of proceeds of liquidation—Con-
Cash advanced
in protection
of assets
Conservators'
salaries,
legal and
other
expenses
Dollars Dollars
9,474
Receiv- Cash in
ers' salhands
aries,
of complegal and troller
other
and reexpenses ceivers
Total
liabilities Amount
estab- of claims
Amount lished
returned date ofto proved
to share- report
holders
in cash
Dollars
Dollars Dollars
57,119
29,689
22,838
7,646
168
1,410
43,126
31,480
27,355
2,329
14,980
56,003
164,580
13,794
641
6,192
50,113
2,579
3,221
15,208
23,603
84, 062
101, 401
30, 979
24,346
52,558
15,476
14, 312
128,254
3,792
Dollars
Dollars
1,335,520
879,420
391,632
289,306
798,998
599,394
319,291
65,262
472, 313
455, 001
282 212
65,262
Dividends
(percent)
96 39
45
55
34.07
47 56
80
Interest
diviDate
dends finally
(perclosed
cent)
8/21/37 1312
1347
1359
2/24/37 1389
9/23/37 1407
1413
4,159,466 3, 044,278
70
42.43
30
19,278
64, 455
296,912
217,910
1, 504,485
795,088
1,792,941 1, 347,470
340,068
268,047
289, 755 210,378
783,970
556,828
32, 766
158, 062
139,959
79,789
64, 968
411, 772
367,198
2, 641,388 1, 851,819
2,232, 025 1,478,316
55.55
63
6/23/37 1546
1547
1582
37,360
365,604
179,888
7,565,237 6,695,990
65
1596
27,518
278,929
188,229
5,264,352 3,632,287
50
1597
38,813
154,631
230, 517
4,501,128 2 635,949
61
1601
18,617
19,135
82,813
66,970
6,880
36,625
2,074,557 1, 502, 786
931,784
770, 316
49
1604
1606
55,713
169,707
7,019
3,042,792 2 514,732
53
2,351
232
30,914
5,765
13, 770
28,664
22,644
155,726
29,419
90,005
24,576
27,008
27,750
334,288
287 384
264,859
192,133
2,923,940 2,299,224
465, 088 404,124
1,228, 359
833,878
56 7
50.7
60
5,696
2,379
3,926
61, 842
102
158
1,360
7,369
2,355
15,490
2,533
5,658
57,714
74,066
61,352
144, 023
20,651
119,100
33,361
76,456
5, 525
74,866
44,976
45,315
44,036
95,113
18,373
38,130
40,712
39,959
35,170
45,245
4,113
41,662
18,140
17,380
3,722
32,013
29,780
44,770
46, 704
6,191
80, 011
28,912
46
7,900
1,100
62,843
66,920
17,843
19, 836
93, 769
19,681
35,185
30,279
19,728
1,284
3,358
596,466
434,189
1,465,386 1 046 190
1,156,142
823,848
2,883, 911 1, 870,351
352,575
249,939
1,819,830
853,196
42
65.1
45
27
56
52
75
34
35
73
47
48.5
53.15
56.66
1420
4/30/37 1425
1437
1444
9/16/37 1471
1476
1490
1609
9/22/37 1614
7/13/37 1616
1629
1651
1688
1696
1708
1711
1715
8/30/37 1721
1750
563,695
484,766
822,694
403,391
678,835
497,886
1,514, 049 1,193,228
187,181
151,159
1,027,630
536, 017
51
38
75
58.07
55
1755
1765
1779
1786
5/28/37 1808
1830
914, 715
546,097
1,358, 715
202,947
1, 553,229
477,178
297, 948
459, 031
766,160
167, 888
762, 012
342,777
65
66
32
7.5
99.32
50
1831
1850
1853
1880
10/30/37 1906
1910
1,046,795
999,136
166,210
823, 070
688 680
102, 316
92.16
50
99.5
1928
1939
8/13/37 1943
53
298
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31, 1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
ILLINOIS—continued
Capital
stock at
date of
failure
Dollars
Date receiver
appointed
50,000 Feb. 2,1932
First National Bank, Palatine
700,000 Feb. 10,1932
Joliet National Bank, Joliet
750,000 Feb. 12,1932
Rockford National Bank, Rockford.
100,000
do
First National Bank, Mendota
100,000
do
Mendota National Bank, Mendota.
75,000 Feb. 19,1932
John Weedman
National
Bank,
Farmer City.23
50,000
do
1983 First National Bank, Le Roy
25,000
do
1984 First National Bank, Foosland
50,000 Mar. 4,1932
1994 First National Bank, Hamilton
300,000 Apr. 19,1932
2013 Forest City National Bank, Rockford.
250,000 May 21,1932
2025 Douglas National Bank of Chicago,
Chicago.
50,000 June 10,1932
2041 First National Bank, Rock Falls
200,000 June 15,1932
2047 Alliance National Bank of Chicago,
Chicago.
300,000 June 21,1932
2051 Bowmanville National Bank of
Chicago, Chicago.
175,000
do
2055 First American National Bank &
Trust Co., Berwyn.
300,000 June 25,1932
2058 Jefferson Park National Bank of
Chicago, Chicago.
200,000
do
2060 Jackson Park National Bank of
Chicago, Chicago.
200, 000
do
2062 Ravenswood National Bank, Chicago.
do
150,000
2063 First National Bank, Wilmette
300,000
2064 National Bank of Woodlawn of
do._
Chicago, Chicago.
250,000
2067 Midland National Bank of Chicago,
June
27,1932
Chicago.
1, 000, 000
2069 Peoples National Bank & Trust
do
Co., of Chicago, Chicago.
25,000 June 28,1932
2072 First National Bank of Gardner
600,000 July 1,1932
2077 Hyde Park Kenwood National
Bank of Chicago, Chicago.
50, 000 July 6,1932
2082 First National Bank, Riverside
200,000
'.do.
2085 First National Bank in Aurora
200,000 July 7,1932
2086 First National Bank & Trust Co.,
Chicago Heights.
30, 000 Aug. 1,1932
2107 First National Bank, Leland
300, 000 Aug. 12,1932
2117 First National Bank, Aurora *
70,000
.do.
2118 First National Bank, Mount Olive L
100,000 Aug. 22,1932
2124 First National Bank, Lawrenceville.
50,
000
Aug.
29,1932
2127 First National Bank, Marengo
200,000 Sept. 7,1932
Bank of Chi2128 Broadway National
1
cago, Chicago.
50,000 Sept. 22,1932
2134 American National Bank, Gillespie*50,000 Oct. 8,1932
2149 First National Bank, Mazon 23
25,000 Oct. 20,1932
2158 First National Bank, Palestine
500,000 Nov. 21,1932
2186 Ayers National Bank, Jacksonville..
50,000 Dec. 31,1932
2215 First National Bank, Herrin
150,000 Jan. 3,1932
2216 Third National Bank, Mount Vernon.
55,000 Jan. 10,1933
2223 First National Bank, Greenfield
50,000 Jan. 12,1933
2227 First National Bank, Anna
50,000 Jan. 19,1933
2236 First National Bank, Wheaton
do
100,000
2239 Farmers National Bank, Taylorville.
25,000 F e b . 4,1933
2263
First National Bank, Ridgway
2264
25,000 F e b . 6,1933
First National Bank, Secor.
Footnotes at end of table, pp. 420 and 421.
1944
1961
1968
1969
1970
1982
Estimated Estimated Estimated
good
doubtful worthless
Dollars
Dollars
Dollars
32,141
17, 229
107,990
207,178
268, 810
1,229,847
2, 379, 291
84, 823
166,108
208, 339
163, 947
4, 346,476
4, 284,188
381, 618
475, 892
196, 095
111,090
44,032
58, 743
1,171,980
135,116
110, 209
141, 560
1, 555, 934
57, 625
673, 268
22,006
137, 814
217, 902
314, 820
46, 014
8,794
335, 821
43,098
293, 312
220, 717
225, 680
1, 675,105
2, 089,159
812, 733
1,843, 228
1,006, 584
528, 226
72, 745
41,012
1,956
75, 462
154,869
229,865
27, 015
22,859
95, 538
9,502
357, 657
180, 974
635,413
166, 228
107, 652
117,253
1, 908, 095
153,090
480,937
700,917
73, 753
57, 681
908, 568
6, 726, 552
155, 075
3,145, 838
222,191
2, 067, 710
1,151,328
7,865
795, 364
110,828
861, 634
223, 328
69, 903
11, 056
200
130, 094
1,110
394, 575
194, 884
591
536
850
870
930
84, 883
845, 904
3,151
107, 030
191, 888
704
46,170
51, 232
1, 426, 279
320,832
1,112,467
71,144
108, 258
163,809
3, 994, 537
730, 967
1, 535,644
75,168
13, 401
42,141
1, 679, 820
188, 589
60,915
110,026
114,523
211,073
246, 581
369,263
555,914
379,541
1,209,203
59,816
155,193
46, 430
43,686
26,536
68,001
80,444
105, 527
6,385
7,965
152,
201,
196,
564,
505,
299
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Progress of liquidation to date of this report
Additional
assets
received
since date
of failure
Total
assessment
upon
shareholders
ReceiverCash col- ship earnTotal
assets and Cash col- lections ings, cash
from
stock ascolleclections
stock
sessment from assets
tions from
assessinterest,
ment
premiums, rent,
etc.
Dollar,
31,540
189, 569
498, 300
82,404
72, 720
44, 616
Dollars
3,103
321,358
351, 682
71, 460
141, 284
158, 616
Dollars
50,000
700,000
750,000
100,000
100,000
75,000
Dollars
273,459
6, 614,910
7, 873,151
845,079
1,152, 094
710, 795
Dollars
76, 583
2, 515, 563
2, 874,156
333, 948
611,613
333, 228
107, 284
3,653
915
223,141
50,000
25,000
50,000
300,000
444, 502
184,850
326, 680
3, 405,924
186, 794
101,025
161, 219
1, 675,113
25, 000
12, 685
33, 874
201,122
17, 980
10,214
8, 655
103, 290
123,677
250,000
1,126, 576
263, 476
27, 221
53,569
17,831
47,168
50,000
200,000
566,479
2,148, 969
230, 383
1,000, 744
32,193
17, 574
59, 278
Dollars
8,779
198,935
184,062
33, 201
42, 757
36, 997
Unpaid
balance
R. F. C.
or bank
loan
Dollars
13
185,100
10,500
Offsets
allowed
and
settled
Dollan
4,200
395,173
583, 546
15, 419
49, 595
38,033
Dollan
121,102
3,484, 340
4,140,064
475,472
776, 685
452, 874
1944
1961
1968
1969
1970
1982
5,817
25, 515
254,805
248,837
129, 741 1984
229, 263 1994
2, 234, 330 2013
42, 324
407,490 2025
19, 595
32, 307
299, 745 2041
1,136, 610 2047
1,801, 639 2051
19, 063
20, 900
Total collections
from all
sources,
including
offsets allo wed and
unpaid
balance
R. F. C.
or bank
loan
44, 281
203, 689
300, 000
3,158, 534
1, 378,264
35,924
175,000
1,093, 770
298,821
73, f 15
300, 000
2, 532, 914
1, 246, 705
32, 466
200,000
1, 555, 305
777, 393
75, 484
200,000
1,038,892
389,'
53,495
143, 969
150, 000
300, 000
1, 362, 7
620, 821
972,092
108,054
84,000
154,405
40, 942
4,300
24, 627
419, 743 2055
91, 034
1, 532, 502 2058
76, 916
51, 053
82,823
111, 940
56,718!
57,039
959,967 2060
57,510J
30,165
533, 463 2062
49, 533
45,172
68, 953
129, 526
68,817
2, 640, 690
13, 789
130, 726
46, 201
52, 508
4, 253,!
162, 651
367, 611
152, 526
1, 235, 049
328, 024 1, 000,000
2067
718, 488
14, 865
529,876
25, 000
600,000
8, 609, 266
260, 486
5, 979, 646
129, 715
2, 548, 049
12,131
171, 602
9,284
132, 902
1,229
503,249
17,443
13,450
14, 518
50,000
200, 000
200,000
401, 572
3, 537, 369
1, 784, 058
186, 999
2, 051, 832
1,126, 672
44, 287
191, 796
80, 925
13, 843
155, 384
99, 784
26, 296
222, 200
82, 099
75, 221
50, 985
31,652
9,596
30,
300,
70,
100,
50,
200,
000
000
000
000
000
000
419, 476
1, 433, 717
321,186
933, 646
826, 081
200,000
162, 442
250, 889
67, 246
447, 469
485,988
20, 841
223,6231
40, 903
42, 713
17, 953
8,000
13, 587
25,117
•4,858
35, 435
39, 597
43,247
17,218
19, 689
7,496
93, 594
201,891
136, 633
50,000
50,000
25, 000
500,000
50, 000
150, 000
214, 234
237, 518
289, 678
7, 694, 230
1,492, 279
\ 659
35, 552
101,152
145,575
3, 579, 647
639.188
1, 782, 950
13,127
30, 515
18, 320
133, 234
40,195
137, 322
2,243
8,167
14, 659
147,450
41,490
95, 911
45,641
59, 234
13, 632
83,376
55, 000
50,000
50, 000
100, 000
639, 746
934, 864:
700,676
1,682,846
288, 516
536,478
424. 775
1, 220,897
37,471
37,184
25, 200
61,197
13.935
46,136
34,943
90,454
13,779
18, 936
22,161
50, 387
14, 541
7,027
25, 000
25, 000
152, 906 j
213, 5201
84,386
84, 379
22, 420
9,495
5,786
10,360
4,148
6,621
797,837 2063
2064
1, 292, 318
489, 053
250, 000
55,840
58, 530
145, 528
2069
4,936, 657
2,809
37, 014
27, 384
2072
152, 359 2077
3, 355,802
271, 425 2082
2, 621, 212 2085
1, 368, 461 2086
240,117
499,629
115,816
562, 631
570,922
8,000
2107
2117
2118
2124
2127
2128
4,684
55, 606 2134
3.037
142,871 2149
7,633
186,187 2158
353, 096 4, 213,427 2186
65,545
786.418 2215
190, 799J 2, 206, 9822216
353, 701
638, 734
507, 079
1,422,935
2223
2227
2236
2239
116,740 2263
110, 855 2264
300
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31, 1937\
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—Continued
Loss on
assets
compounded
or sold
under
order of
court
1944
1961
1968
1969
1970
1982
Disposition of proceeds of liquidationConservators'
distributions
Book
Book
Book
value of value of
value
assets
remainof remain- ing un- returned
ing uncol- collected to share*
To selected
stock as- holders'
cured
assets
sessment agents creditors
Dollars
Dollars
Dollars Dollars
Dollars
13,199
129,477
18,460
625,122 2,379,052 510,431
420, 533 3,244, 916 251, 700
219, 092
176, 620
17, 596
114, 555
276,331
27,280
185,102
79,432
30,384
1994
2013
45,494
53,008
89, 946
396, 292
779, 714
25, 000
12,315
16,126
98,878
2025
54, 599
516,177
222, 779
2041
2047
266,501
596,205
143,151
155, 719
Secured
and preferred
liabilities
paid
except
through
dividends,
including
offsets
allowed
To unsecured
creditors
On secured
claims
On unsecured
claims
Dollars
Dollars
Dollar,
Dollars
40,373
49,193
1,137, 641 1, 742, 571
2, 018,212 1,398,159
67,289
360,652
128, 659
592, 578
57,445
340,008
16, 772
6,555
9,537
17,807
319, 713
Dividends paid
by receivers
152, 202
108,664
143,988
1,444,039
63, 611
10, 986
63, 691
570,946
134,158
165,067
114, 223
149, 071
111, 835
888,840
501, 381 1,069,332
2051
358,969
966,896
223,084
2055
115,153
480,169
123, 947
52,314
236,078
2058
542, 049
353,126
188,060
423, 260
925,878
2060
157, 422
363,451
131,183
358, 664
409,049
2062
57,394
361,385
144,160
269, 202
106,231
2063
2064
83, 097
655,210
439, 922
583,862
91, 470
154,472
247, 729
592,341
393, 702
555,821
186,169
290,46*
346,144
2067
257,319
119,274
2069
1, 653, 621 1, 549, 250
837,349
2072
2077
104, 542
394, 335 1,934,013
12,869
428,398
2082
2085
75,129
215, 591
275, 787
63,148
847,746
120, 519
5,713
8,204
119,075
2107
2117
2118
2124
2127
2128
73, 579
882, 828
181,131
104, 382
150,34'
110,208
9,159
76, 37"
29,09;
57, 287
32,047
192,000
2134
2149
2158
2186
2215
2216
2223
2227
2236
2239
244, 781
112,362
123,998
54, 509
46, 600
64,870
1,911,609 1,349,878
166, 822
570, 724
367,125
504,
282, 451
137,870
84, 938
122,892
191,580
118,802
188,670
36,873
19,485
6,680
366, 766
9,805
12, 678
40,500
1, 742, 215 2, 644, 008
56, 753
1,882,131
3,026
55
66,849
73,808
1,419,428
712,110
136,324
672, 382
469,349
4,990
170,295
36, 221
65,130
2,680
99,455
142,414
74, 042
198,377
128, 865
6,461
299, 338
375,735
28,820
17, 529
12, 816
24,800
38,803
2263
39,372
2,580
2264
9,963
87,557
15,505
Footnotes at end of table, pp. 420 and 421.
77,412
907,086
9,542
2,569
42, 236
38,663
80,803
109, 521
40, 538
827,949 3, 058, 803
143,743
537, 018
882,955
1,150, 430
283,330
206, 046
172,069
689, 214
44,049
343, 553
265,192
652,085
74,896
13,638
14,694
57,152
301
EEPOET OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1987—Continued
Disposition of proceeds of liquidation—Con.
Cash advanced
in protection
of assets
Conser- Receiv- Cash in
hands
ers' salvators'
of comparies,
salaries,
legal and legal and troller
and reother
other
expenses expenses ceivers
Dollars
Dollars
5,073
67,602
44,687
516
249
202
Total
liabilities Amount
estabAmount lished
of claims
returned date ofto proved
to share- report
holders
in cash
Dividends
(percent)
Dollars
Dollars
Dollars
Dollars Dollars
21,347
5,116
163,186
120,968
4 634,958 2,843 531
201,518 335,008
216, 737 445,497
5, 075,497 3, 610,600
4,248
42, 767
493, 200
423,975
45,262
8,727
778,474
643,835
24,093
31,126
377,876
317, 705
40.66
40
56
85
92
100
224,517
160,213
110,431
121, 700
224,388
158,875
2,193, 837 1,601,838
95
98.4
90 63
90
Interest
dividends
(percent)
3
7.02
Date
finally
closed
3/13/37
1944
1961
1968
1969
1970
1982
1983
1984
1994
2013
49, 014
22, 947
10, 091
21,584
114, 663
5,791
94,449
8,025
566,380
353, 049
38
2025
2
206
31,833
51,298
35, 297
37,658
426, 071
1,490,150
305, 098
566,297
37.5
28
2041
2047
10, 077
55,668
63, 581
162,631
4,714
27,918
101,124
2,309
9/10/37
8/21/37
40
2051
717,657
418,203
12.5
2055
2,376,302 1, 252,897
1,661
121,660
60,043
1,805,890
838,720
50
2058
8,481
93, 901
49, 372
1,092,289
698, 912
54
2060
66,598
75,367
16, 065
534,977
414,109
65
2062
1,131
24,214
71,324
98,248
83, 951
21,694
42
48.5
2063
2064
1,014,456
588,935
1,760,856 1,193,981
7,481
65, 901
8,495
289,125
100
2067
82,330
308,233
159,871
5,984,188 3,286,989
53
2069
69, 33,1
18,194
243,439
253,815
187,866
130,412
4,184, 299 2,237,843
59.36
40.5
167
94,996
18,731
24, 670
195,687
93, 729
33,430
238,664
7,693
133,904
276, 081
2,914,799 2, 213,132
711,803
1, 255,477
7
25,343
18, 792
47,406
5,553
39,484
44, 251
1,539
51,743
111,491
3,962
349,860
609, 956
201,862
710,024
631, 807
6 461
25,432
18,109
289
9,859
5,767
22,114
3,828
18, 578
19, 615
153, 608
61, 647
87, 454
256
23,000
10, 393
6,246
26,066
44,358
38, 609
51, 669
21, 777
20,816
23,721
905
10,782
14, 315
22,991
6,292
641,878
16,
163,
38,
64,
224
208
243
029
20
244,296
578,188
199,051
507,457
501,629
27.25
30.5
18.19
59
75
2/8/37
12/15/36
5.97
100
57.5
25
53
75
478, 502
780, 753
579, 914
1,422,079
434, 402
459, 728
312.853
762, 600
65.22
45
55
90.33
83, 732
150,175
69, 060
90,907
100
15
2072
2077
2082
2085
2086
55
64.5
100
165,811
159,826
2,258
113, 799
74, 526
231, 759
190, 517
6, 216, 883 3,118,034
1,172,138 1, 012, 745
2,441,471 1,153, 832
1 1 , 930
10/14/37
2107
2117
2118
2124
2127
2128
5/29/37 2134
3 11.87 5/28/37 2149
2158
2186
2215
2216
12/23/36
2223
2227
2236
2239
3 8.45 10/28/37
2263
2264
302
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31, 1937.
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
Capital
stock at
date of
fuilure
Date receiver
appointed
Estimated Estimated Estimated
good
doubtful worthless
ILLIN ois—continued
Dollars
Nokomis National Bank, Nokomis..
75,000 Feb. 9,1933
First National Bank, Hoopeston 7
100,000 Aug. 15,1933
25,000 Sept. 27,1933
First National Bank, Crescent City7
25 000 .
First National Bank, Carrier7 Mills
do
do
First National Bank, Sidell 23
25| 000
25,000
First National Bank, Odin 7
do
Newman National Bank, Newman 77 .
50,000 Oct. 2,1933
100,000 Oct. 9,1933
Merchants National Bank, Galena
_
First National Bank, Freeport 7 237
300,000
do
100,000
Galena National Bank, Galena
do
First National Bank, Ridge Farm 7 23
50,000 Oct. 10,1933
75,000
Peoples National Bank, Monmouth
~
Oct.
26,1933
First National Bank, Dallas City7 7._
75,000
do
75,000 Oct. 27,1933
First National Bank, Marseilles ___
50,000 . . . do
Earlville National Bank, Earlville7 2S
do .
First National Bank in Braidwood 7_
25,' 000
Commercial National Bank, Wil50J 000 Nov. 1,1933
7
mington.
2516
50,000
First National Bank, Grayville7 723
do
2517
50,000
First National Bank, Steward 7 .._
do
2518
25,000
First National Bank, Compton7 23
do
2519
25, 000
First National Bank, Ransom 7
do
2521
95 000
First National Bank, Sheridan
do—.
7
2522 Farmers National Bank, Dahlgren .
do
25,000
2523 Farmers National Bank, Viola 7
40, 000
do
2548
50, 000 Nov. 7,1933
First-Henry National Bank, Henry 7 .
2554 First National Bank, Joliet"
1,040, 000 Nov. 10,1933
2555 First National Bank, Earlville 7 7
50,000 _ do
2568 First National Bank, Wilsonville __
25, 000 Nov. 15,1933
2580 First-Lake County National Bank,
100,
000 Dec. 5,1933
Libertyville. 7 23
2587 First National Bank, Morrison "
100, 000 Dec. 7,1933
2589 First National Bank, La Harpe 7
50,000
do
2602 First National Bank, Tamaroa "
40,000 Dec. 9,1933
2616
First National Bank, Canton 7 7
100,000 Dec. 13,1933
2617
do
125,000
Canton National Bank, Canton
2620 First National Bank, Arthur 7 23
do—5o'. 00C
2676 First National Bank, Monticello 7 ~ .
150,000 Jan. 12,1934
7
2677 First National Bank, Savanna
100,000
do . _
2678 First National Bank, Mascoutah 7__
do
100,' 000
2679 State National Bank, Peru 7
150, 000
do—
2680 First National Bank, Chadwick "
50,000
do
2682 First National Bank, Hampshire ' 23.
25,000
do
2683 National 7Bank of Niles Center, Niles
100,000
do Center.
2755 First National Bank, La Grange 7
100,000 Mar. 2,1934
2764 First National Bank, Urbana 7
50,000 Mar. 13,1934
2770 First National Bank, Granville 7
50. 000 Mar. 15,1934
2773 Taylorville National Bank, Taylor150,000 Mar. 19,1934
7
ville.
2788 First Sterling National Bank, Ster200,000 Mar. 29,1934
ling.7
First National Bank, Naperville 7___
2816
75, 000 Apr. 27,1934
2828 Lincoln National Bank, Lincoln 7-__
150,000 May 10,1934
2831 Hancock County National Bank,
140,000 May 22,1934
7
Carthage.
2840 American-First
National Bank,
100,000 May 31,1934
Mount Carmel.7
2841
„ do.__
First National Bank, Breese 7 7
50, 000
2848 Aurora National Bank, Aurora
300, 000 June 18,1934
2870 First National Bank, Livingston 7_-_
25,000 July
5,1934
2883 American National Bank, Lincoln L
150,000 Aug. 15,1934
Footnotes at end of table, pp. 420 and 421.
2266
2337
2403
2404
2405
2406
2411
2431
2433
2434
2439
2478
2480
2485
2489
2490
2515
Dollars
Dollars
108,052
78,427
78, 324
63, 908
101,653
79, 515
164, 727
240,123
5, 212, 954
137, 083
22, 534
502, 953
277,692
77, 982
59, 618
103,423
94,114
71,142
110,085
461, 686
1,807,698
142,191
95,152
612, 502
52, 712
40, 379
79,710
1,340
2,420
7,622
7,939
216,169
70,180
17, 335
3,980
22,654
90, 415
93, 799
347,241
301,320
375, 500
133,053
358,821
602,862
223, 280
889,184
102,679
156,517
419, 975
260, 512
104, 580
123, 917
739, 580
749, 652
111,888
354, 863
327, 792
720,190
830, 422
140,896
60, 425
691,137
65, 673
178,071
37,498
71, 506
16,021
46,312
145, 991
45, 335
11,358
4,210
2,884
28,679
18,108
410,655
408, 589
268, 217
408
186,890
376, 813
221, 244
347, 609
58,528
138,762
18, 998
77,680
882,183
741,651
59, 379
382,808
816,114
298,125
354, 973
840, 439
239,223
51,134
113,331
313, 329
796,647
1,156,602
136,035
187, 797
2, 287, 468
99, 055
1,375
52, 524
611,717
135, 766
278, 573
5,305
313, 718
186
136,806
85,596
637, 746
64,037
86,114
85,084
56,359
150,559
127, 448
1, 740,157
479, 766
18,694
249,037
85,893
272,850
187,272
69,690
179, 974
819,010
145,132
66, 971
64,002
76, 298
60, 791
139, 879
387, 518
1,207,057
2, 056,873
60, 429
444,803
134, 499
389, 610
83,652
205, 466
135,864
Dollars
10, 220
127,042
28,878
6,117
20,051
9,056
13,379
45, 883
10, 560
59, 540
55, 311
48,084
4,103
57,847
4,069
138
7,270
303
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Progress of liquidation to date of this report
AddiTotal
tional
assets
ment
received
upon
since date shareof failure holders
Dollar,
19,861
12,824
21,033
16, 461
19,180
14, 01I
96, 795
11, 760
180, 060
63, 257
19,193
37, 241
21,655
58, 945
22, 337
39, 295
5,951
Dollar,
75,000
100,000
25,000
25, 000
25, 000
25, 000
50, 000
100. 000
300, 000
100, 000
50,000
75,000
75. 000
75, 000
50, 000
25, 000
50,000
31,691
1,167
11,261
22, 553
15,415
2,113
21, 545
9,939
698, 542
101, 97'
7,675
50, 285
50, 000
50, 000
25, 000
25, 000
25, 000
40, 000
50, 000
50, 000
25, 000
50, 000
Total
assets and
stock assessment
ReceiverearnCash col- ship
ings,
cash
Cash col- lections
collecfrom
lections
tions from
stock
from assets assessinterest,
premiment
ums, rent,
etc.
Dollars
Dollars
Dollar,
53,785
666, 421
1,009, 687
69,464
1. 022, 744 683,967
' 205, 919 109,281
5,850
197, 694
4,648
83,474
225, 619
140.
10, 620
165, 221
9, 359
62, 244
450, 61
8,932
196,488
672; 609
43.910
424, 340
3,437, 834 2, 344, 637 176, 398
2, 759, 436 1,867. 006 " 71,323
203, 627
24,456
66,896
854,165
453,092
46,117
321,150
121, 068
14,331
854, 252
421,982
14,800
347, 330
184,812
39, 029
339, 589
212, 6'
16, 951
379, 059
217,136
11,378
188,689
520,147
118, 942
247, 955
140.380
253, 913
141, 70;
191,224
122,189
238.602
107, 620
185, 392
195, 222
344,296
398,545
977, 917
7, 789, 374 5, 462, 032
195, 007
448,
65. 795
154, 341
963; 877
1, 238, 394
37, 609
20,840
24,000
20,305
19, 981
31,836
34,021
31, 790
15, 254
20, 051
Dollar,
Unpaid
balance
R. F. C.
or bank
loan
Offsets
allowed
and
settled
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. C.
or bank
loan
Dollars
Dollars
Dollars
832, 013
856, 211
129, 949
102, 670
176,684
90, ""
246, 971
510.128
2,814, 065
2, 069,039
7,827
34,429
12,678
31,149
13,533
20.733
32, 875
33, 294
38,990
5,230
5,991
11,909
12. 548
30,107
11,713
137,166
24.910
4,550
31. 96r
9.293
24, 907
16, 231
9, 260
14, 846
10, 973
10, 655
11,485
18,690
9,630
5,378
15,168
41,486
302, 784
11,989
6,809
70,780
14, 360
7,150
9,264
4, i"""
3,432
7.731
11,128
27,186
311,805
7,752
7,719
49,461
251, 631 2516
157, 587 2517
185.129 2518
165, 285 2519
155, 556 2521
140, 710 2522
253, 354 2523
521, 238 2548
6, 707, 221 2554
246, 538 2555
95, 577 2568
1,104.169 2580
9,331
10,839
21, 769
38,417
51, 277
13, 232
55, 644
28, 204
20,165
94, 056
10,448
11,343
22, 883
415, 309 2587
181, 333 2589
252, 218 2602
902, 362 2616
1, 010, 352 2617
298, 087 2620
825,183 2676
759, 331 2677
740, 521 2678
1, 600, 257 2679
220, 704 2680
252, 201 2682
1,022,690
78,513
63, 790
9,588
5, 557
13,656
6,477
11.444
30.165
155,864
105,800
3,000
20, 000
630, 600
103,729
565, 605
157, 370
492,838
253, 605
259,621
276, 235
2337
2403
2404
2405
2406
2411
2431
2433
2434
2439
2478
2480
2485
2489
2490
2515
87, 708
118, 085
1,281
72, 375
49, 992
19, 442
289. 392
43,879
15,819
228, 248
58,448
47, 64"
27,98
604, 308
301, 659
544. 535
140,954
549, 937
171,457
736,983
1, 284.781
790, 637
1,316J165
230, 725
360, 695
677, 926
1,299,06:
658,098
1,119, 868
632,628
1,070, 647
1, 952,064 1,414, <
174,1
50, 000
354,907
194,715
25.000
318, 268
859,034
100,000 1, 257, 201
20, 917
20, 722
38,619
18, 697
48,837
72, 036
18,142
41,327
40, 272
30,619
91,215
14,471
25, 421
102,154
12, 909
195, 926
24, 029
106,412
100, 000
768, 982
50, 000 1,170, 090
582,488
50, 000
682,109
150, 000
470,063
550,413
380, 830
199, 941
55, 919
21,299
18, 567
64,360
27,343
43, 523
18, 490
11,015
47, 016
69, 865
24,130
95, 519
200, 000 1, 978, 732 1,144, 664
134, 245
94, 882
107, 397
1,481,188 2788
32,479
84, 071
54,814
75, 000
896, 394
566, 970
150, 000 2, 003, 955 1, 465, 528
292, 348
140, 000 1, 045,491
50,!
88, 405
62, 71'
40, 566
92, 664
33, 098
6, 000
56,439
65, 831
58,645
714,824 2816
1, 712, 428 2828
452,808 2831
2, 225,492
913, 953
69, 099
94, 994
59, 000
92,134
1, 229,180
50,000
298,152
201, 771
300,000 3, 723,852 2, 262,131
277,102
165, 828
25,000
691, 739
124,222
150, 000
13. 596
200^ 337
4,678
127.456
7,934
162, 243
13, 608
22, 71
100,000
50,000
40,000
100, 000
125,000
50,000
150, 000
100, 000
100,000
100,000
2,526
210, 951
17,095
124,985
77, 742
20, 582
26, 241
78,125
96, 402
35, r~~
50, 286
32, 757
57,109
26, 577
14, 054
12, 521
199, 789
15, 339
600,341
685,100
442, 017
275, 316
2755
2764
2770
2773
235, 822 2841
2, 824, 500 2848
199, 453 2870
274, 395
304
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31, 1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—Continued
Loss on
assets
compounded
or sold
under
order of
court
Dollars
Disposition of proceeds of liquidation
Conservators'
distributions
Book
Book
Book
value of value of
value
remainassets
of remain- ing un- returned
ing uncol- collected to shareTo selected
stock as- holders'
cured
assets
sessment agents creditors
Dollars
Dollars Dollars Dollars
21,215
30,536
19,150
20,352
14,380
37,835
15,641
41,068
56,090
123, 602 408,055
28, 677
25, 544 ""59,142
Dividends paid
by receivers
Secured
and preferred
liabilities
paid
except
through
dividends,
including
offsets
allowed
To unsecured
creditors
On secured
claims
On unsecured
claims
Dollars
Dollars
Dollars
Dollars
595,927
171,739
267,261
487,866
35,857
79, 764
52,101
23,681
48,181
101,527
23,126
39,559
68,482
139,148
12,082
155, 598
380,596
143,458
484, 522
42, 581
34, 608
293,144
190,647
35,143
65,464
183,442
248, 313
160,424
72, 725
121,211
89,962
168, 767
60,903
2266
2337
2403
2404
2405
2406
2411
2431
2433
2434
2439
2478
2480
2485
2489
2490
2515
92,065
93,094
66,408
34,809
10,376
2,296
29,253
100.046
247,976
485,032
2516
2517
2518
2519
2521
2522
2523
2548
2554
2555
2568
2580
153, 541
113,557
15,318
16, 480
62, 789
15,887
12, 506
~75,~475
45,041
30,327
67, 619
53,067
449,119
256, 066 1, 759, 471
139, 223
56, 604
55,827
80, 624
2587
2589
2602
2616
2617
2620
2676
2677
2678
2679
2680
2.682
2683
144, 214
118, 391
36, 409
101,860
91,667
10,002
65, 711
119,953
210,415
87, 346
75,108
28, 721
66, 408
49,104
224, 351
280,302
307, 521
257.584
2755
2764
2770
2773
22, 711
136,246
54, 918
332,168
129,192
363,566
72, 610
44,081
28,701
31, 433
85, 640
9
212, 390
9
134,443
2788
388,966
137, 705
65,755
9
509, 693
515,967
340, 616
2816
2828
2831
76,613
130,815
45, 970
121,372
191, 781
508, 528
24,151
61, 595
77, 283
9 133,993
9
191, 749
683, 995
59, 369
326, 637
515,103
199,120
2840
258,366
861,039
30,901
554,045
555, 734
23,039
93, 308
37, 656
33,892
6,918
92,652
25, 780
142,907
106,693
48,420
63,133
144,764
36, 510
282,488
200, 798
78,133
298, 471
71, 297
349, 786
213,613
107,439
355, 676
44,483
208,87
60, 669
60,200
10, 971
8,049
38,622
89,369
12,391
29,160
1,000
56, 545
9
255. 565
1 , 392, 370
1,351,693
11,281
5,113
28,742
4,695
5,019
8,164
15,979
18, 210
9,746
29,949
22,258
29, 418
13, 759
21,875
28, 598
14,012
99, 714
67, 243
42,891
29,083
4,278
61,381
» 14,847
94, 432
56, 736
9
1 , 299,457
9
221,901
390, 567
9
293,420
401,196
307, 977
603,653
9
9
18,821
603, 515
9
9
9
9
115, 722
83, 740
56,409
81,416
39,816
89,515
27,033
122,891
24, 704
105,121
23, 449
103,510
52, 472
162,910
239,136
224, 298
1,885,466 3,062, 202
131,456
46,843
55,452
27, 732
275,085
164,083
1,805
275, 569
30,061
124,810
414, 838
195, 035
198,374
263,101
100, 761
353,080
489,620
115,426
190, 503
724,871
99,972
114,195
78,746
191, 708
334,903
51,699
131, 503
178,609
47, 357
403,390
63,861
42, 776
107,585
37,108
280
71,102
267,090
102,017
206,767
303, 355
158, 679
208,757
58,489
2841
4,520
36, 404
29, 340
2848
99,663
120,149
841, 783
20, 322
2870
25,144
45, 791
22, 544
2883
100.047
317,4701
Footnotes at end of table, pp. 420 and 421.
9
9
47, 513
9
9
352,08
139, 682
337,162
113,310
54, 518
156, 035
872, 470 1, 336,006
73, 360
100, 288
143,752
46
305
REPORT OF THE COMPTROLLER OP THE CURRENCY
dales of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Disposition of proceeds of liquidation—Con.
Receiv- Cash in
Cash ad- Conservators'
ers' sal- hands
vanced salaries,
of comp
aries,
in pro- legal anc lesral
and troller
tection
and reother
other
of assets expenses
expenses ceivers
Dollars
Dollars
6,084
5,903
9,147
2,359
7
2,548
3,642
6,388
2,368
6,474
4,985
406
2,808
4,736
54, 629
19, 591
20, 998
10, 078
2,190
8,202
1,032
4,199
1,650
10,479
843
1
3,304
1,672
5,218
113
25, 679
15,141
12,302
11,375
17, 804
11,170
19, 530
42, 731
177, 951
18, 945
10,142
27,874
655
5,401
4,456
5,743
13, 073
18, 570
3,472
14, 748
12, 200
5,824
19, 820
4,769
4,970
9,342
24,550
22, 795
29,119
36, 528
32,135
27, 642
51, 740
24,874
19, 946
39, 040
18, 686
13,897
47, 095
133,142
464
977
549
22,156
16, 274
8,018
22,841
40, 031
12, 545
12,156
27, 513
57, 093
25, 766
6,890
264
510
97, 743
252
1,442
12, 278
14, 680
4,313
12, 589
31,489
10, 334
1,646
17
Total
liabilities
Amount
established to of claims
proved
date of
report
Dollars
Dollars
Dollars
Dollars
Dollars
19,936
38,327
264 235
872,012
45, 975
759,050
40, 059
487, 793
11,969
131, 607
95, 297
133, 399
6,590
17, 743
79, 518
143, 091
16, 752
194
93, 016
103, 034
5, S28
13, 273
78 672
255,563
16, 662
17,288
182, 243
13,210
395, 096
408, 768
15, 526
50, 603
86, 735
11,546 2, 539, C02 2,147,413
22, 111
36,179
2, 238,864 2, 203,077
12,086
40, 042
983
86, 652
38,410
390,964
585, 969
34,170
19,866
78,843
151, 673
25, 935
35,029
617, 561
14, 732
366, 911
13, 205
221,784
148,203
3,946
238, 503
18, 078
28, 698
147, 838
15,962
25, 272
238,866
177, 649
3,879
2,638
3,491
2,099
1,448
2,581
3,413
8,779
66, 511
3,014
2,251
13, 088
98
283
305
97
938
Amoun
returnee
to share
holders
in cash
22, 513
387, 808
270,138
131,319
74, 742
178, 095
137, 755
140, 741
1,790
113,326
170, 907
145,857
135, 306
112,303
233, 718
180, 705
830,586
597,820
6,477,919 3, 278, 608
251, 784
187,153
91, 610
63, 995
20,272 1,010,242
843,996
1,700
39,700
5,546
14, 765
5,784
84, 223
46, 280
9,817
8,384
1,522
9,634
34, 829
37, 377
31,357
4,691
44, 717
17,962
375, 226
269, 860
323, 996
200, 890
494, 855
415, 796
966, 210
765, 689
999, 374
650, 651
232, 408
180, 602
4,311
753,185
616, 607
683,591
501, 956
661,994
614,170
1, 632,121 1, 214, 258
179, 332
115,426
216, 250
173,184
55
852,789
982,345
564, 353
855, 628
437, 469
300,157
502, 592
534,178
278,175
215, 967
Dividends
(percent)
65
100
83.7
30
100
50
75
8 100
13
100
8 88
100
75
45
50
100
82
95
31
100
65
100
72
92.17
90
40
8 98
70.33
86.65
15
100
100
15
30
8 83
8 90
100
8 90
8
100
8
100
8 90
100
100
85
15
44, 537
44,480
25,880
1,434, 527 1,074,804
8 95
20, 511
30, 054
19,161
30, 523
50, 235
30,158
10, 983
75,955
3,713
711, 723
383, 228
1, 567, 608 1, 035, 785
774,689
569,511
8 85
8
100
8 35
28,498
26, 625
55,585
8,692
1, 869, 531 1,229, 253
19,109
1,049
4,695
59, 785
5,238
11,797
84,583
11,328
5,650
281, 384
225, 4761
2,851, 775 1, 504, 593
127, 007
201,134
276,478!
278,955
Date
finally
closed
2266
2337
8/27/37 2403
2404
3 9.15 9/30/37 2405
2406
2411
4.21
2431
5.288 16/21/37 2433
2434
3 14.6
4/30/37 2439
2478
2480
2485
3 8.24 5/19/37 2489
2490
2515
2516
10/16/37 2517
2518
12/31/36 2519
2521
5/24/37 2522
2523
2548
2554
2555
6/17/37 2568
8/28/37 2580
3 8.93
3 8.44
4.1
2587
2589
2602
2616
2617
8/24/37 2620
2676
2677
2678
2679
2680
2/19/37 2682
2683
7.62
3 9. 84
7 3
3 10
2755
2764
2770
2773
8 92.5
50
8 85
22
428
4,999
1,605
8,777
115, 385
8,1901
11,637!
Interest
dividends
(percent)
2788
j
|
I
2816
2828
2831
2840
69
8 80
75
41
2841
2848
2870
2883
306
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 33.—National banks in charge of receivers during year ended Oct. SI, 1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
Capital
stock at
date of
failure
Date receiver
appointed
Estimated Estimated Estimated
good
doubtful worthless
ILLINOIS—continued
2888
2892
2912
2913
2919
2924
2933
2939
2942
2950
National Bank 7 23
of Shawneetown,
Shawneetown.
National Bank of Pontiac 71
Peru National Bank, Peru 7
First National Bank, Lanark . !_ _
First National Bank, Robinson
First National Bank, Du Quoin 7 . . .
Livingston County National Bank,
First National Bank, Kirk wood *___
The Roseland
National Bank, Chicago.1
The Henry National Bank, Henry l
Dollars
25,000 Sept. 21,1934
Dollars
244,430
Dollars
46, 533
Dollars
9,870
Sept. 26,1934
Nov. 21,1934
do. „
Dec. 27,1934
Feb. 6,1935
Oct. 15,1935
827, 525
33, 598
362, 987
2,337
2, 033, 389
19, 597
562, 426
133,624
97,056
61, 848
858, 825
71,917
12,041
43, 416
91,836
43,095
288,802
105,117
50,000 Sept. 16,1936
200,000 Mar. 29,1937
480
166
37, 747
166, 915
7,418
50,000
100,000
50,000
75,000
100,000
50,000
65,000 Oct. 27,1937
(4)
INDIANA
1128
1222
1342
1402
1479
1501
1513
1592
1771
1800
1833
1896
1909
First National Bank, Columbia City.
First National Bank, Arcadia
American National Bank, Kewanna.
Farmers National Bank, Wilkinson.
First National Bank, Connersville..
Howard National Bank, Kokomo.-.
Farmers & Merchants National
Bank, Sheridan.
First National Bank, Fowler
Citizens National Bank, Kokomo. __
First National Bank, Logansport
Citizens National Bank & Trust
Co., Terre Haute.
Hammond National Bank & Trust
Co., Hammond.
Valparaiso National Bank, Valpa-
100,000
25,000
25, 000
25,000
200.000
200, 000
50,000
Mar.
July
Feb.
Sept.
Dec.
Jan.
Feb.
31,1927
3,192S
25,1930
19,1930
30,1930
22,1931
9,1931
512, 727
122, 205
157,941
110, 427
984, 252
87,261
243,623
498, 470
102,141
73,270
99,238
325, 925
344,212
153, 399
188,005
12, 554
22,221
7,095
125,350
521,157
. 96,705
75,000
350,000
250,000
200,000
June
Oct.
Nov.
Dec.
2,1931
23,1931
11,1931
7,1931
199,290
1, 365, 523
2,085, 361
350, 561
160,236
1, 931, 568
3, 071, 576
1,087,192
67,011
413, 876
81, 201
114, 453
400,000 Jan. 18,1932
756,124
2, 663, 658
150,000 Jan. 20,1932
260, 225
618, 457
191, 589
381,282
7,173
19, 565
raiso. 23
1911
1931
1963
1964
2065
2094
2106
2145
2148
2213
2219
2293
2296
2336
2359
2366
2401
2412
2413
2416
2417
2418
2419
Bozeman Waters First National
Bank, Poseyville.
First National Bank, Gary
National Bank of America at Gary..
First National Bank, Shelbyville.- _
First National Bank, Martinsville..
Peoples National Bank & Trust
Co., Sullivan.
Spencer National Bank, Spencer
First National Bank, Vincennes
First National Bank, Lewisville
First National Bank, Russiaville
First National Bank, Monrovia
Continental National Bank, Indianapolis, i
American National Bank, Rush ville6.
Citizens National Bank, Mulberry
".
7
First National Bank, Lebanon
First National Bank, Peru :
First National Bank, Nappanee 7 -_Citizens National Bank, Brazil 7
Peoples-American
National Bank,
Princeton. 7
First National Bank & Trust Co.,
Cambridge City.7 23
First National Bank of
Marshall
County at Plymouth. 7
7
First National Bank, Montpelier
First National Bank, Boswell 723 . . .
Footnotes at end of table, pp. 420 and 421.
do
50,000
250,000
150,000
100,000
100,000
150,000
Jan. 27,1932
Feb. 10,1932
. ..do
June 27,1932
July 15,1932
1,991,128
479,143
331,927
477, 319
162, 365
1, 851, 321
735,156
375, 576
284, 356
1,116, 310
218,053
118, 611
28,712
274,423
245,176
50, 000
200,000
35.000
25,000
30,000
400, 000
July 30,1932
Oct. 3,1932
Oct. 8,1932
Dec. 30,1932
Jan. 5,1933
Apr. 8,1933
252,109
160, 603
165,955
67, 395
54, 275
40S, 194
957,864
139,143
34, 693
72, 967
55, 702
490,473
48, 883
42,691
17, 634
3,900
100,000
50,000
100,000
100,000
40,000
100,000
125,000
Apr. 25,1933
Aug. 15,1933
Aug. 29,1933
Sept. 6,1933
Sept. 26,1933
Oct. 2,1933
do
393,015
175, 207
496,161
468,514
115,319
164,106
561, 730
263, 866
74, 579
303, 562
796, 817
178,885
453, 282
664, 358
76, 592
821
10,850
366, 509
16,311
32,021
42, 573
168, 593
105,019
21,164
790,193
350, 334
47,491
183,142
150,029
256,049
85, 359
20, 254
32, 871
50,000 Oct.
130,000
50,000 . .
25,000
3,1933
do
.do.
do
...
307
REPORT OF THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 81, 1937—Continued
Progress of liquidation to date of this report
AddiTotal
tional
assessassets
ment
upon
received
since date shareof failure holders
Dollar,
67,007
Dollars
Total
Cash colassets and
stock as- Cash col- lections
from
sessment
lections
stock
from assets assessment
Dollar,
Dollars
367,840
283,394
1,522, 397
70,405
48
80,684
33,937
60, 296
1,781
50,000
100,000
50,000
75.000
100,000
50,000
682, 563
216, 217
3,341,312
248,412
848, 276
22,080
386, 989
40, 706
2,405, 781
57,434
49, 363
6,867
200, 000
95,008
373,948
13,469
7,050
Dollars
21, 525
50, 595
4,500
64,162
40,949
42, 375
Receivership earnings, cash
collections from
interest,
premiums, rent,
etc.
Dollar,
9,416
Unpaid
balance
R. F. C.
or bank
loan
Dollars
51,309
3,383
26, 783
4,745
211,948
923
Offsets
allowed
and
settled
Dollars
16,170
67,275
29, 593
114, 546
31
26
1,846
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. C.
or bank
loan
Dollars
308,980
988,385
76,058
447,865
109, 613
2,773, 224
58, 388
2892
2912
2913
2919
2924
2933
13,495
51, 271 2942
2950
54,856
31,858
5,384
21, 308
10,670
53,979
115, 242
100,000 1, 354,058
25,000
293, 758
25,000
283,816
25,000
263,068
200, 000 1,646,197
200,000 1, 206,609
50,000
658, 969
754,130
177, 585
181,806
121, 720
903, 293
357,669
215, 530
76, 240
21,419
20,317
15, 005
173,934
127, 660
38, 587
58, 517
11,325
21, 735
12, 329
76,486
58, 682
13, 426
38, 277
217,024
108,578
22, 487
58, 659
270, 919
180,444
145, 778
15,816
216,983
416,194
68, 531
512,897
66, 646
111, 728
77, 689
75, 222
539,814
75,000
188,063
350, 000 4, 277,991 2, 064,193
250,000 5, 596, 716 3, 896, 479
200,000 1,774, 693
774, 348
400,000 4,037,149
1, 713, 974
150,000 1,110,814
595,592
50,000
633, 649
426,356
250,000 4,823, 399 2, 485,396
150, 000 1, 549, 556 614, 298
100,000
947, 943
443, 526
100,000 1, 213,787
594, 261
150,000 1, 749,073
870, 361
114,901
114, 526
4,1'""
10,094
22, 441
2,620
50,000
880,'
200,000 1, 923, 466
35,000
393,873
25,000
179,873
30, 000
197, 317
120, 000
126, 520
217,367
62, 567
3,605
52. 257
11,716
60, 637
83, 722
6,320
46, 734
75, 657
76, 542
965, 429 1128
9,584
219, 913 1222
17, 629
241,487 1342
17, 534
166, 588 1402
72, 522 1, 226, 235 1479
600
544,611 1501
44,121
311, 664 1513
223, 500
26,091
288,629 1592
273, 780 3, 049, 375 1771
289, 286 4, 782, 403 1800
73,311 1,061,968 1833
183,481
135,053
333,108
2,365, 616 1896
117,125
72,840
42, 910
828,467 1909
35,115
40,492
45, 336
547,299 1911
116,022
48, 649
73,113
65, 602
94, 605
120,088
45,355
38,028
52, 285
75,455
442, 578
971, 417
174, 701
113,702
96,358
5,093
151, 482
20, 479
17, 653
23,138
103, 580
28, 692
68, 832
11,751
9,612
10, 547
1,224
64,825
541,188 2106
167,852 1, 359, 583 2145
15, 958
222,889 2148
146,073 2213
5,106
142, 692 2219
12, 649
111,324 2293
6,520
525, 799
100, 000
885,730
178,101
50, 000
312, 323
566,796
100,000
971, 210
100, 000 1, 815, 562 1,147, f
181, 390
40,000
356,835
419,032
100. 000
796,143
125,000 1, 469, 318 749, 372
53,151
27,146
74, 700
72, 950
22, 552
75, 706
81,085
33, 734
11,;
37,795
126, 802
15, 467
27, 536
66,011
45,156
657,840 2296
12, 916
230, 002 2336
60, 260
739,551 2359
65, 755 1, 413, 491 2366
236,975 2401
17, 566
540,822 2412
18, 548
981, 391 2413
57, 923
22, 000
36, 600
10, 300
39,500
27,000
304,093 3,047, 599 1931
135,462
880,364 1963
34,350
599, 317 1964
51, 587
763, 735 2065
54,464 1,134, 385 2094
5,210
50,000
349,986
227,919
18, 222
18, 902
12,084
133,802
130,000
1, 451, 820
885, 578
80,057
70, 833
46, 659 1,082, 927 2417
2,977
20,071
50,000
25, 000
512,422
313,330
276,575
205, 229
26,
13, 375
22, 877
18,:
6,000
17, 653
9,464
277,127 2416
349,730 2418
246,916 2419
308
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31, 1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—Continued
Disposition of proceeds of liquidation—
Conservators'
distributions
Loss on
assets
compounded
or sold
under
order of
court
2888
Dollars
7,413
2892
2912
2913
2919
2924
2933
27, 345
14, 723
51, 738
23,453
69,843
140. 211
2939
2942
81, 539
Book
Book
value of
value
remainof remain- ing uning uncol- collected
lected
stock asassets
sessment
Dollars
Dollars
529,501
173,883
164, 243
77,058
651,142
736
28,475
49, 405
45, 500
10,838
59,051
50,000
166,898
157,625
Book
value of
assets
returned
to share^ To seholders'
cured
agents creditors
Dollars
60,863
Dollars
To unsecured
creditors
Dollars
9124,920
Dividends paid
b y receivers
Secured
and preferred
liabilities
paid
except
through 1
dividends,
including
offsets
allowed
On secured
claims
On unsecured
claims
Dollars
Dollars
75, 288
Dollars
93,068
72,983
11,171
302,178
2,687
418,890
589,577
24,842
100, 232
38,997
2,087,8^6
56, 705
9 181,232
"""28," 721
8
58, 693
12,133
22, 221
2950
1128
1222
1342
1402
1479
1501
1513
423,386
81,589
15, 774
98,814
181,425
168,125
116, 350
288,957
480, 215
232, 968
23,760
3,581
4,683
9,995
26,066
72,340
11,413
1592
1771
1800
1833
250, 660
358,062
543,018
514,967
1, 231, 956
617,933
212,067
16,341
79,081
69, 556
54, 222
1896
351,902
1, 238,165
216, 519
1909
92,024
32,875
1911
111,957
14,885
1931
1963
1964
2065
2094
177,851
76,306
98, 552
219, 239
268, 939
2106
2145
2148
2213
2219
2293
323, 503
213,883
91,133
36,065
13,085
2296
2336
2359
2366
2401
2412
2413
76,896
16, 899
165, 540
237, 639
85,193
258,563
140,627
2416
44,426
2417
69, 433
320,150
49, 943
2418
2419
65,891
102,303
23, 375
11,625
43, 607
1, 606,059
573,490
271, 515
248, 700
405, 309
370,314
77,081
45,225
137,879
54, 407
78, 614
264,184
32, 686
396, 396
196,104
1,830,081
3, 756,921
629,031
65,146
862,475
529, 743
238,509
292, 705
471, 558
1, 309,118
28,914
520, 955
208, 762
64, 529
8
230, 288
376, 705
130,472
44,100
9,576
1,636
52,485
765
879,125
388,869
346,908
191, 352
664,228
1, 937,875
379,850
150,825
346,149
350, 285
44, 907
48, 518
14, 521
7,347
6,862
16, 420
6,715
29,136
13,309
270,522
392, 686
63, 462
71, 795
78,092
4,344
214,146
821, 696
82, 374
40,904
23, 614
10,250
450, 731
147,176
433, 769
541, 643
141, 697
405, 877
461, 435
160, 324
25, 276
221,330
686, 294
53,492
92, 668
392,159
83,600
46,849
22,854
25,300
27,050
17, 448
24 294
43, 915
2,685
20,049
1,936
7,512
15, 557
62.140
Footnotes at end of table, p p . 420 and 421.
174,582
50,822
35, 217
40,970
182, 780
369, 662
115,381
133,978
101, 351
26,887
34,398
55, 395
31, 778
11 4Q7
684,157
145,901
141, 588
101,858
892,457
55
142,398
1,772
6,383
9,851
164,293
78, 269
663,578
318,708
68,903
144,445
233,141
73,413
309
REPORT OF THE COMPTROLLER OF THE CURRENCY
dales of appointment of receivers and final closing, with nominal amounts of total assets
stock assessments, amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1937—Continued
Disposition of proceeds of liquidation—Con.
Cash advanced
in protection
of assets
Conser- Receivvators'
ers' salsalaries,
aries,
legal and legal and
other
other
expenses expenses
Dollars
Dollars
704
7,989
44, 645
31, 752
606
20, 582
1,196
66,400
32,415
4,000
Cash in
hands
of comptroller
and receivers
Dollars
Dollars
6,535
Total
liabilities
Amount
estabAmouni
of claims
returnee lished to proved
date
of
to sharereport
holders
in cash
Dollars
476
Dollars
276,273
Dollars
179,961
23,384
7, 305
17, 670
3,147
53,812
576
44, 812
4,019
6,597
4,893
113,891
1,107
1,336,419
284,937
494,269
115, 723
2,950,243
115, 237
723,853
284,937
389, 865
76, 725
840,178
1,362
2,125
22, 925
12,133
64, 601
42, 380
Dividends
(percent)
Interest
dividends
(percent)
18 100
11.25
Date
finally
closed
12/8/36
8 35
14
8 77.5
80
50
2888
2892
2912
2913
2919
2924
2933
6/6/37 2939
2942
2950
71.14
90.9
72.5
77.5
85
9
44
11/28/36
3/19/37
30,778
68, 891
10, 882
1,137, 713
961, 638
213,620
162,455
192, 545
228, 241
131, 429
170,227
1, 240,252 1,046,314
717, 983
722, 225
312, 941
432, 729
26, 690
240,655
187, 023
87,872
287,416
350,799
3,284,899 2,383, 998
4, 915, C62 4, 360, 984
1,265, 964 1,008,338
68.23
76.66
8 85
61
7/27/37
40, 570
236, 210
97,891
1592
1771
1800
1833
109, 966
155,874
26,395
746
67, 775
9/8/37
1909
2/27/37
1911
18,047
1,488
3,617
4,358
36, 680
583
4,630
88, 643
19,930
30,608
19, 402
83,540
40, 891
38,373
689
75, 594
72,506
8,665
800
39,322
38,353
18,116
17,386
9,927
20, 935
143,149
81, 277
73,926
92,364
86,023
4,518
1,708
1,290
45, 287
64, 922
22,873
15, 532
16, 540
1,071
2,002
30, 457
1,315
4,997
2,676
8,636
71,458
12,149
3,088.. 586 1,910,355
40
713,076
494,486
100
528, 290
401,475
93.83
3, 732, 534 1, 704,913
1,046,950
639,374
592,678
432, 782
956,912
687, 730
1,384, 532 1, 025,047
51.5
60.66
80
35
64.66
749,282
1,399, 018
283,921
2217,842
107, 671
22,444
118,870
12,059
125,965
561,890
£81,835
204,288
66, 625
94, 419
115,715
49.34
73
34.5
100
80
76
584,794
188, 964
686,333
1,510,819
236, 523
501,591
1,104,508
416, 375
163,103
456, 479
777, 356
180,442
408, 406
705, 315
100
90
95
70
78.33
100
65
49,435
39, 581
1222
1128
1342
1402
1479
1501
1513
1896
3 11.2
1931
1963
1964
2065
2094
2106
2145
2148
9/28/37 2213
2219
2293
10/23/37
3 7.76
7.83
1,510
8,418
15, 258
3,346
5,168
7,439
38,187
16, 296
38, 943
55,839
18,421
29, 597
73, 695
4,315
21,623
235,108
155, 301
100
21, 378
8,184
60,569
10,510
1, 058, 657
736,152
90
2417
913
247
6,422
3,463
26,388
16, 601
4,112
412,313
204, 380
179,206
130, 484
44
100
2418
3 16.7 5/24/37 2419
1,287
222
2,019
27, 321
8,598
38,457
34,184
92,389
18, 083
9/24/37
19,342
2,244
8,747
2336
2359
2366
2401
io 1. 22 7/24/37 2412
2413
3 9.9
7/27/37 2416
310
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—National banks in charge of receivers during year ended Oct. 31, 1937\
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Book value of assets at date of
failure
Name and location of banks
Capital
stock at
date of
failure
Date receiver
appointed
Estimated Estimated Estimated
good
doubtful worthless
INDIANA—continued
2420
2421
2422
2524
2577
2599
2644
2674
2713
2720
2723
2731
2738
2742
2775
2776
2777
2797
2822
2836
2858
2931
First National Bank, Clinton 7 . 7
Rosedale National Bank, Rosedale
.
First National Bank, Cayuga 7
Old-First National Bank & Trust
7
Co., Fort W^ayne.
First National Bank, Marion 7
Farmers & 7First National Bank,
Newcastle.
First National Bank, Swayzee 7
Farmers & Wabash National Bank,
•\T7*_
7
w "aL ociVl
oasn.
•
First National Bank. Linton 7
Wabash National Bank, Wabash7 i__
First National Bank, Jasonville
....
Bright National Bank, Flora 7
First National Bank in Lowell1
Citizens Third National7 Bank &
Trust Co., Greensbur&.
New Albany National Bank, New
A l k n *ITT 7
AiDany.'
Second
Albany.7National Bank, New
Citizens7 National Bank, South
Bend.
Citizens National Bank, Franklin 7 .
City National Bank, Goshen 7
First National Bank, Hartford
First and Tri State National Bank
& Trust Co., Fort Wayne.1
Old-First 1 National Bank, Mount
Vernon.
Dollars
Dollars
Dollars
Dollars
518,312
65,659
72,325
12,854,941
894,937
92,003
107, 752
9,271, 569
6,462
25,197
13 558
2,894,190
5,1933
8,1933
2, 528, 310
883,940
1,018, 701
702,004
34, 214
24, 592
50,000 Dec. 26,1933
160,000 Jan. 11,1934
275,260
1, 547, 826
114,427
335,195
13, 699
28, 295
Feb. 1,1934
Feb. 2.1934
Feb. 5,1934
Feb. 13,1934
Feb. 21,1934
Feb. 26,1934
576,079
2,858
191,370
194,365
870,383
358,319
5,177
283, 849
160, 784
27,627
220,123
43,449
36,924
9,863
2,325
42, 318
6,042
150,000 Mar. 23,1934
424,006
60,000 Oct. 3,1933
25,000
do
25,000
do
1, 750,000 Nov. 2,1933
350,000 Dec.
200,000 Dec.
100,000
200,000
50,000
25,000
50,000
150,000
594,022
181,643
300,000
do
996, 431
1,043,090
293, 796
700,000
do
4,644,358
778, 932
176, 249
100,000 Apr. 10,1934
100,000 May 8,1934
75,000 May 23,1934
489, 502
676,052
289, 282
212,417
511,560
182, 487
19,985
37,360
26, 664
2, 250, 000 June 22,1934
16, 302
880,022
942, 249
60, 000 Mar. 15,1929
303, 761
441, 349
42 ; 345
Jan.
Mar.
July
July
9,1931
30,1931
3,1931
14,1931
112,147
98, 994
77,720
386, 933
73,172
108, 590
70, 244
370, 051
18, 787
7,983
33, 384
45, 305
25, 000 Oct. 1.1931
75, 000 Oct. 20,1931
17, 298
330,455
97, 510
792, 814
10, 993
126,618
50, 000 Oct. 22,1931
25, 000 Dec. 14,1931
25, 000 Dec. 30,1931
110,553
49, 019
60,103
147, 012
181, 995
119, 590
142, S62
24, 237
12, 081
20,1932
22,1932
27,1932
18,1932
11,1932
28,1932
2,1932
14,1932
282, 334
800, 631
240,169
279, 450
59, 016
302, 031
275,802
1, 209, 680
1, 382, 787
300, 761
491,85.1
2, 736, 632
284,135
504, 621
496, 669
3, 609, 939
37, 566
90,266
7,559
7,290
2,615
9,278
11,442
193, 433
400, 000 July 18,1932
1,668,830
3, 929, 873
240, 981
468,114
694, 924
23,996
172, 529
36, 727
100,000 Sept. 16,1935
IOWA
National Bank of Emmetsburg, Emmetsburg.
1491 First National Bank, Floyd
1543 First National Bank, Rockwell
1619 First National Bank, Bagley
1627 Second National Bank, New Hampton.
1699 First National Bank, Bode
1757 Lyon County National Bank, Rock
Rapids.
1760 First National Bank, Lake City
1845 First National Bank, Dougherty
1877 National Bank of Seymour, Seymour.
1907 Oskaloosa National Bank, Oskaloosa.
1919 First National Bank, Iowa City
1930 Anamosa National Bank, Anamosa.
1980 Pioneer National Bank, Waterloo.__
2043 First National Bank of Sheffield
2070 First National Bank of Maquoketa.
2080 Farmers National Bank in Vinton..
2093 Consolidated National Bank, Dubuque.
2095 Commercial National Bank of Waterloo.
2108 Buchanan County National Bank,
Independence.
2109 First National Bank in Sioux Rapids.
Footnotes at end of table, pp. 420 and 421.
1277
25, 000
25, 000
25, 000
100, 000
100, 000
100, 000
100, 000
200,000
40, 000
50,000
75, 000
500,000
Jan.
Jan.
Jan.
Feb.
June
June
July
July
125, 000 Aug.
50, 000
do
1,1932
50,846
311
REPORT OP THE COMPTROLLER OF THE CURRENCY
dates of appointment of receivers and final closing, with nominal amounts of total assets
stock assessmentSy amounts collected from all sources, including offsets allowed and
indicating the progress or results of liquidation to Oct. 31, 1987—Continued
Progress of liquidation to date of this report
AddiTotal
tional
assessassets
ment
upon
received
since date shareof failure holders
Total
Cash colassets and
stock as- Cash col- lections
from
sessment
stock
lections
from assets assessment
Dollars
Dollars
Dollars
Dollars Dollars
34, 638
60,000 1,514,806 1,132,241
35,095
140, 684
25,000
211,393
23, 603
3,534
25,000
4,497
36,150
122, 555
254, 785
801,172
3,827, 572 1, 750,000 30, 598, 272 16, 575,495
Receivership earnings, cash
collections from
interest,
premiums, rent,
etc.
Unpaid
balance
R. F. C.
or bank
Joan
Dollar,
Dollars
100,856
15, 618
9,921
1, 209, 586
45,387
117, 077
210,000
200,000
3, 836, 612
1,927, 613
3, 014,185
1,114, 224
156, 441
101,047
184,097
72, 473
21, 036
31, 452
50,000
160,000
474,422
2,102, 768
295, 441
1, 589, 568
33,099
86,673
15, 506
104, 367
37,138
20,401
7,776
30,004
63
100,000 1,114,985
125, 360
60, 000
542,858
50,000
412, 478
25,000
120,008
50,000
685, 762
38,836
42,144
34, 090
24, 531
94, 555
835
27, 738
13, 500
1, 774
1,120,424
23, 876
94, 556
239, 409
455,907
58, 043
75, 900
27,136
150,000
1,444,227
300,000
2,872, 726
6,055, 446
60,000 ; 839,947
100,000 1, 400,872
75,000
45, 607 2,250,000
1,529
100, 000
600, 569
4,134,180
353,067
318,526
20, 214
923, 409
571, 610
1, 421, 712
Dollar,
1,301, 662
188,959
149, 487
1, 000, 000 2, 744, 385 22, 330, 638
173,787
31.154
3,926
17, 575
17, 739
70,896
47,051
135,777
82, 725
50,697
62,145
42, 946
145, 382
45, 467
56, 288
30, 433
352, 611
863,066
38,842
4
96,000
206
2420
2421
2422
2524
3,481,876 2577
1,381, 509 2599
363, 604 2644
19, 558
83,422 1,864,030 2674
46, 726
4, 334,550
578,898
842, 879
300,390
Dollars
33,927
9,054
12, 514
127,153
93,765
60, 589
75,609
Offsets
allowed
and
settled
Total collections
from all
sources,
including
offsets allowed and
unpaid
balance
R. F. C.
or bank
loan
501,485
15,000
2,000
49, 059
57, 821
23, 340
6,910
850,
65,
432,
374,
30,
307
774
470
296
872
1, 054,894
740, 996
1, 814,001
4, 981, 417
2713
2720
2723
2731
2738
2742
2775
2776
2777
2797
724,121 2822
1,034,133 2836
399,109 2858
1, 261,429 2931
101, 529
96,210
6,023
60, 000
853, 478
404,406
44,132
21, 504
66, 687
536,729 1277
31,179
6,147
' 76,594
55,962
25,000
25,000
25,000
100,000
260, 285
246,714
282,942
958, 251
118,004
108, 312
81,234
483,501
14, 560
11,175
17,459
90, 632
7,179
6,238
6,494
47,108
19,092
20,419
11,248
45, 213
158,835
146,144
116,435
666,454
24,499
4,387
88,143
5,414
25, 399
25,000
75,000
175, 300
1, 329, 274
57,988
783,142
18, 289
14, 399
5,283
64,828
5,289
54, 547
86,849
916,916 1757
50,000
25,000
25,000
538, 570
285, 665
242,173
189, 705
110,959
109,922
22, 710
11, 749
16,007
15,196
8,471
8,490
18,982
21,121
9,523
246,593 1760
152, 300 1845
143,942 1877
39,418
398,987
47,038
346,798
10,673
108, 721
9,563
139,987
100,000
100,000
100,000
200,000
40,000
50,000
75,000
500,000
1, 842,105
1, 690, 645
886, 617
3, 570,170
396, 439
974, 651
868,476
5, 653, 039
944, 673
896, 215
434, 708
1, 670, 577
244, 412
437,170
435, 230
3, 286, 294
52, 464
70, 557
47, 839
78,153
20, 269
33, 747
47, 351
424, 503
61, 492
62,144
30,199
137,040
20,498
30. 897
31,028
220, 577
57, 324
76, 579
50,834
233, 407
14, 571
47,944
37,126
253, 554
1,115,953
1,105, 495
563, 580
2,119,177
299, 750
549* 758
550, 735
4,184,928
262,245
3, 528, 560
182, 664
192, 569
406, 546
4, 310, 339 2095
29,597
804, 216
86, 344
67,113'
51,025
1, 008, 698 2108
143.977
16, 251!
13, 385
3,235
50,000
27021—38-
9,4001
1491
1543
1619
1627
1907
1919
1930
1980
2043
2070
2080
2093
183,013 2109
312
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE No. 33.—National banks in charge of receivers during year ended Oct. 81,1937,
at date of failure and additional assets acquired subsequent thereto, capital stock and
earnings, together with the disposition of such collections, and various other data
Progress of liquidation to date of this
report—Continued
Disposition of proceeds of liquidationConservators'
distributions
Loss on
assets
compounded
or sold
under
Order of
court
Book
Book
Book
value of value of
value
remainassets
of remain- ing un- returned
ing uncol- collected to shareTo selected
stock as- holders'
cured
assets
sessment agents creditors
2420
2421
2422
2524
Dollars
185,327
36,655
94,666
409, 340
50
9,119,052
Dollars
25,362
1,397
20,503
948,828
2577
2599
305, 754
266, 707
179, 520
252, 917
53,559
98,953
2644
2674
52,486
190, 779
56,937
78,999
16,901
73, 327
2713
2720
2723
2731
2738
2742
57,329
42,565
88, 738
37,069
25,437
24,181
240,740
61,164
17,856
15,910
469
41,116
2775
90,917
584
@FedFRASER