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EIGHTY-FIRST ANNUAL REPORT OF THE Comptroller of the Currency 1943 UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1944 TREASURY DEPARTMENT Document No. 3130 Comptroller of the Currency ii LETTER OF TRANSMITTAL TREASURY DEPARTMENT, O F F I C E OF THE C O M P T R O L L E R OF THE C U R R E N C Y , Washington, D. GJanuary 10,1944- SIRS: l a accordance with the provisions of section 333 of the United States Revised Statutes, I have the honor to submit the following report covering the activities of the Bureau of the Comptroller of the Currency for the year 1943. Respectfully, PRESTON DELANO, Comptroller of the Currency. T H E P R E S I D E N T OF THE S E N A T E . T H E S P E A K E R OF THE H O U S E OF REPRESENTATIVES. in ANNUAL REPORT OF THE COMPTROLLER OF THE CURRENCY In offering to the Congress a review of the developments in the National Banking System during the past year, it is necessary to consider the banks as an integral part of the war effort which is absorbing all elements of the business life of the Nation. A second year of operation has now elapsed since the full impact of war conditions has been felt. It is pertinent to examine the extent to which banks have adjusted themselves to the emergency, and to give some consideration to those readjustments which will be necessary with the advent of peace. National banks are well managed. The ability and competence of the officers and directors of the banks under the supervision of this office have shown a steady improvement in the last few years. Those who are responsible for the management and policies of small banks as well as large, of the country institutions as well as those in the city, exhibit a satisfying comprehension of the techniques and principles of banking, both as they apply to the operation of their own institutions and as they relate to the entire banking and business field. This ability and competence have been placed unreservedly at the disposal of the Federal Government during the present great crisis. In the sale of war bonds, in the handling of ration coupons, in lending operations, and in multitudinous other ways, the national banks have been, and are, an important factor in the war effort. Their contribution has been made in spite of the difficulties inherent in the loss of trained personnel to the armed forces and a resulting manpower shortage. The close of 1943 finds the national banks holding assets of unusually high quality. During the last few years there has been a steady shrinkage in the volume of loans which the examiners have found it necessary to criticize. Substandard investments have been advantageously replaced. Through the consistent policy of amortization, the carrying value of banking premises has been regularly reduced. The amount invested in real estate other than banking premises has shown a remarkable decline. Considered as a group, the earnings of national banks are at a satisfactory level and show a tendency to increase under war conditions. Except in rare instances, returns to shareholders through dividend declarations are steady and consistent with the individual bank's financial position. Two years of war activity have seen deposits in national banks increase over 20 billion dollars while total capital accounts increased 310 millions after giving effect to the retirement of 41 million of preferred stock. It is significant that 72 percent of the increase in capital 1 2 EE PORT OF THE COMPTROLLER OF THE CURRENCY accounts occurred during the year 1943 and was occasioned both by the conservation of earnings and the sale of new common capital. There is evidence that many bankers are taking advantage of the present opportunity to build up their capital structures by sale of new common stock, thereby placing themselves in position to take advantage of the type and volume offinancingwhich may be expected during the reconversion and rehabilitation period following the war. In summary, as to the current situation, it may properly be emphasized that the national banks are in very strong position and are contributing their strength willingly and competently toward prosecution of the war. It is when we turn to the consideration of post-war conditions that an analysis in the banking field becomes much more difficult and uncertain. The economic dislocation caused by this war poses problems for which no precedents exist. The dimensions are out of line with previous experience. Under the compelling necessities of the present situation, all fiscal policy is directed toward implementing the manufacture and distribution of war materials and the utilization of these materials on the fighting fronts. Under such conditions the economy operates under tension—outside its normal incentives and controls. The transition from this condition to a peace-time competitive economy responding to personal initiative and subject to the compulsions and restraints of markets, will be a difficult and trying time. The National Banking System will find itself very much a part of this transition and obligated to play an important role in it. The unprecedented expenditures demanded by modern totalitarian war have greatly increased the volume of money in the country represented by bank deposits and circulation. More than fifty percent of the deposits held by commercial and savings banks are in the national system, and today they stand at an all time peak. Since these deposits are represented largely on the asset side by government bonds, government guaranteed paper, and other liquid assets, the banks are well secured against a repetition of the difficulties which they encountered after World War I, when they found themselves loaded with inventory, agricultural and industrial loans in a period of deflation, unemployment and rapidly falling prices. Yet there remain fundamental problems. The heavily increased volume of deposits in the banks of the country will be one of the more important factors in determining the course of the postwar economy. They promise to be here a long time. These deposits may be considered from two points of view. From the standpoint of the depositors they represent a huge volume of liquid assets, the use of which may determine the character of the whole postwar period. If they are spent recklessly during the reconversion period, they can spell inflation; if employed judiciously, yet venturesomely, they can contribute greatly toward full employment and prosperity for years to come; if they are hoarded or used only sluggishly, the result may be unemployment and depression. The responsibility for these decisions, however, will rest with the depositors, not with the banks. 3 EE PORT OF THE COMPTROLLER OF THE CURRENCY On the banks will rest the responsibility for handling prudently the assets in which these deposits are invested, and by the purchase of which they were largely created. In terms of dollar value, a major concern of the banks in the postwar period will be the handling of federal obligations in their security portfolios. Bank management in this department will demand thoughtful consideration of the national viewpoint as well as the individual situation of each institution involved. But the major responsibility of the banking system, once the economy is released from the bondage of war, will be the search for lending opportunities in a society of free enterprise and personal initiative. Much depends on a successful campaign in this field for by it the banks will assist in creating a sound postwar economy and in assuring their own position in it. There is interesting evidence that the critical nature of the task before them is appreciated and understood by banking leaders. The formation of credit pools to facilitate term loans to business, and an active campaign by the American Bankers Association for the education of its members in their approach to the problems of transition are healthy signs of determination to meet the issue. It again seems appropriate during this war period to omit from this report some of the statistical material heretofore included; also to postpone suggestions for legislation. At the end of 1943, the National Banking System was composed of 5,046 active national banking associations operating 1,603 branches, making a total of 6,649 banking offices. A comparison of the assets and liabilities of the banks in the National Banking System as of December 31,1942, and June 30, October 18, and December 31, 1943, reported pursuant to calls for condition statements by the Comptroller of the Currency, is shown in the following table: Assets and liabilities of national banks on dates indicated [In thousands of dollars] Dec. 31, 1942 (5,087 banks) June 30, 1943 (5,066 banks) Loans and discounts, including overdrafts Ü . S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions— Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve banks 10,200,798 22,261,410 1,563,941 2,022,493 1,441,184 9,190,143 10,775,316 10,133,532 28,514,634 }35,709,814 Í 32,552,251 \ 1,626,304 1,675,768 1,984,169 2,026,333 1,933,187 1,340,099 1,266,527 1,243,450 193,760 171,744 145,811 149,061 Total loans and securities Cash, balances with other banks, including reserve balances, and cash items in process of collection1 Bank premises owned, furniture and fixtures Real estate owned other than bank premises. Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Interest, commissions, rent, and other income earned or accrued but not collected Other assets — 87,683,586 42,918,721 49,881,687 47,687,785 16,250,270 580,476 61,060 15,227,391 566,697 47,530 15,423,238 564,415 40,748 16,080,664 547,470 33,990 51,340 23,294 49,285 30,509 47,769 34,411 47,275 26,207 74,926 56,026 86,079 46,140 107,788 56,978 101,664 56,862 54,780,978 58,972,352 66,156,984 64,531,917 Oct. 18, 1943 (5,058 banks) Dec. 31, 1943 (5,046 banks) ASSETS Total assets * Footnote at end of table. 7EEPORT OF THE COMPTROLLER OF THE CURRENCY Assets and liabilities of national banks on dates indicated—Continued [In thousands of dollars] Dec. 31, 1943 (5,046 banks) Dec. 31, 1942 (5,087 banks) June 30, 1943 (5,066 banks) Oct. 18, 1943 (5,058 banks) 26,730,691 30,518,146 30,901,323 33,254,837 8,307,519 4,842,182 2,695,194 7,401,534 671,696 8,971,178 4,589,354 2,900,361 7,156,360 633,962 9,501,379 10,853,187 2,603,884 7,313,763 613,519 9,926,259 5,951,128 2,934,654 7,160,133 929,170 LIABILITIES Demand deposits of individuals, partnerships, and corporations _ Time deposits of individuals, partnerships, and corporations Deposits of U . S. Government and postal savings Deposits of States and political subdivisions Deposits of banks 1 Other deposits (certified and cashiers' checks, etc.) 50,648,816 54,769,361 61,787,055 60,156,181 41,970,784 Demand deposits1 8,678,082 Time deposits... Bills payable, rediscounts, and other liabilities for bor3,516 rowed money_ __ Mortgages or other liens on bank premises and other 69 real estate Acceptances executed by or for account of reporting 26,008 banks and outstanding—. Interest, discount, rent, and other income collected but 30,118 not earned _ 75,197 Interest, taxes, and other expenses accrued and unpaid258,899 Other liabilities 45,429,851, 9,889,510 51,918,952 9,868,103 49,847,504 10,808,677 4,231 36,718 8,155 67 66 61 34,390 37,836 31,642 25,622 98,816 214,460 26,442 111,884 238,413 23,881 118,469 234,086 51,042,623 55,146,947 62,238,414 60,572,475 1,503,682 1,438,645 540,524 255,504 1,498,008 1,474,673 584,169 268,555 1,496,455 1,510,737 635,839 275,539 1,531,515 1,619,769 541,595 266,563 Total deposits1 —- Total liabilities i CAPITAL ACCOUNTS Capital stock (see memoranda below) Surplus Undivided profits Reserves and retirement account for preferred stock Total capital accounts Total liabilities and capital accounts1 3,738,355 3,825,405 3,918.570 3,959,442 54,780,978 58,972,352 66,156,984 64,531,917 133,910 12,137 1,358,794 126,199 10,877 1,361,604 122,287 9,839 1,364,937 118,053 9,551 1,404,492 1,504,841 1,498,680 1,497,063 1,532,096 178,014 14,085 168,944 12,645 164,350 11,606 159,903 11,258 192,099 181,589 175,956 171,161 7,610,039 8,887,463 14,613,515 10,889,550 507,682 475,922 449,279 427,818 92.811 10,477 94,353 11,603 94,679 20,873 97,745 14,365 8,221,009 9,469,341 15,178,346 11,429,478 7,260,044 7,171,671 13,075,738 8,627,686 3,485 510 4,075 629 22,543 293 8,155 330 7,264,039 7,176,375 13,098,574 8,636,171 327,657 360,484 MEMORANDA Par value of capital stock: Class A preferred stock Class B preferred stock Common stock Total__ - Retirable value of preferred capital stock: Class A pre/erred stock. Class B preferred stock Total-Pledged assets and securities loaned: U. S. Government obligations, direct and guaranteed, pledged to secure deposits and other liabilities __ Other assets pledged to secure deposits and other liabilities, including notes and bills rediscounted and securities sold under repurchase agreementAssets pledged to qualify for exercise of fiduciary or corporate powers, and for purposes other than to secure liabilities. Securities loaned Total.Secured liabilities: Deposits secured by pledged assets pursuant to requirements of law Borrowings secured by pledged assets, including rediscounts and repurchase agreements— — Other liabilities secured by pledged assets. — Total-Reciprocal balances with banks in the United S t a t e s — 349,306 j i Excludes reciprocal interbank demand balances with banks in the United States. 5 EE PORT OF THE COMPTROLLER OF THE CURRENCY TRENDS IN BANKING The following table shows the striking changes that have occurred in recent years in the relationships of the major asset and liability accounts of national banks to the aggregates ol assets and liabilities. Distribution of assets and liabilities of national banks, Dec. 81, 1940-43 1940 ASSETS Securities: U. S. Government, direct and guaranteed Obligations of States and political subdivisions Stock of Federal Reserve banks Other bonds and securities Total securities Loans and discounts Cash and balances with other banks, excluding reservesReserve with Reserve banks ... Bank premises, furniture and fixtures.. Other real estate All other assets. Total assets 1941 1942 1943 Percent 24.55 5.05 .21 4.59 Percent 27.73 4.65 .20 3.91 Percent 43.49 3.69 .16 2.83 Percent 52.96 3.00 .15 2.01 34.40 36.49 50.17 58.12 25.24 17.95 20.10 1.50 .27 .54 26.99 17.46 16.99 1.36 .19 .52 18.62 14.60 15.06 1.06 .11 .38 15.70 11.97 12.95 .85 .05 .36 100.00 100.00 100.00 100.00 45.15 20.02 1.23 5.93 16.55 1.35 47.04 18.29 2.59 5.95 15.60 1.38 48.80 15.17 8.82' 4.92 13.51 1.24 51.53 15.38 9.21 4.55 11.10 1.45 90.23 90.85 92.46 93.22 68.95 21.28 .87 71. U 19.41 .77 76.62 16.84 .72 77.25 15.97 .64 3.84 3.30 1.76 3.48 3.19 1.71 2.74 2.63 1.45 2.38 2.51 1.25 LIABILITIES Deposits: Demand of individuals, partnerships and corporations Time of individuals, partnerships and corporations . U . S. Government . States and political subdivisions Banks Other deposits (including postal savings). Total deposits Demand deposits Time deposit* Other liabilities Capital funds: Capital stock Surplus Undivided profits and reserves. Total capital funds Total liabilities and capital funds 8.90 8.38 6.82 6.14 100.00 100.00 100.00 100.00 EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR YEAR ENDED DECEMBER 31, 1943 Gross earnings of national banks in the year ended December 31, 1943, were $1,062,000,000, or $99,000,000 more than those of the preceding year. Interest and dividends on securities equaled $504,000,000. and interest and discount on loans $366,000,000. Expenses were $52,000,000 more than in the preceding year, amounting to $747,000,000. Of this, salaries, wages, and iees accounted for $315,000,000, interest on deposits and borrowed money $85,000,000, taxes including income taxes $131,000,000, and recurring depreciation on banking house, furniture, and fixtures $24,000,000. Net operating earnings were $315,000,000, which were increased by $187,000,000 of recoveries. Recoveries on securities were $59,000,000; profits on securities sold or redeemed, $54,000,000; and recoveries on loans $53,000,000. Losses and charge-offs of $152,000,000 were $6,000,000 more than in the previous year. Losses on securities were $66,000,000, and losses on loans $43,000,000. Net profits before dividends were thus $350,000,000, and were $107,000,000 more than in the previous year. The ratio of net profits to capital funds 6 EE PORT OF THE COMPTROLLER OF THE CURRENCY was 9.08 percent. Cash dividends declared on common and preferred stock in 1943 totaled $131,000,000, which was $3,000,000 more than the amount of dividends declared in the previous year. Interest and dividends on securities were approximately 47 percent of total earnings in the year ended December 31,1943, with the banks in Federal Reserve district No. 11 showing the smallest ratio of 37 percent and those in district No. 2 the largest ratio of 56 percent. Interest and discount on loans accounted for 34 percent of the gross earnings, varying in ratios from 27 percent in district No. 7 to 43 percent in district No. 12. Salaries, wages, and fees were 30 percent of total earnings, ranging from 27 percent in district No. 3 to 34 percent in district No. 10. The net operating earnings to gross earnings showed averages of from 25 percent in district No. 5 to 32 percent in districts Nos. 2, 3, and 7. Interest and discount on loans to the average total of loans in the year were less than 4 percent and varied from nearly 3 percent in district No. 2 to about 4% percent in district No. 12. Interest and dividends on securities averaged nearly 1% percent of total securities held, the banks i*i district No. 2 showing the lowest ratio of \}{ percent, while the banks in district No. 3 showed the highest ratio of almost 2 percent. Net operating earnings were 8 percent of average total capital funds, the lowest ratio being 6K percent in district No. 4, and the highest ratio over 11 percent in district No. 12. The net profits before dividends for the period were 9 percent of average capital funds, the ratios ranging from more than 5% percent in district No. 1 to nearly 11 percent in districts Nos. 2, 9, and 12. The proportion of net profits (before dividends) to gross earnings was better among the larger banks than among the smaller ones for the calendar year 1943. For banks with deposits of more than $100,000,000 the ratio of net profits to gross earnings was 37 percent, while for banks of $500,000 deposits or less it was about 23% percent. A comparison of earnings, expenses, and dividends of national banks for the years ended December 31, 1942, and December 31, 1943, is shown in the following table: Earnings, expenses, and dividends of national banks for years ended Dec. 81, 1942 and 1943 [In millions of dollars] 1942 Number of banks * Capital stock (par value) 2 . Capital funds 2 Earnings from current operations: Interest and dividends on securities . Interest and discount on loans Other current earnings . TotalCurrent operating expenses: Salaries, wages, and fees Interest on deposits and borrowed money Taxes... Recurring depreciation on banking house, furniture, and fixtures. Other current operating expenses Total.. 1943 5,087 1,511 3,685 5,046 1,508 3,860 354 433 176 504 366 192 963 1,062 297 90 100 24 184 315 85 131 24 192 695 1 747 1 At end of period. 2 Average of amounts shown by reports of condition for each call date in the year and the final call date in the preceding year. 7EEPORT OF THE COMPTROLLER OF THE CURRENCY Earnings, expenses, and dividends of national banks for years ended Dec. SI, 19^2 and 194S—Continued [In millions of dollars] 1943 1942 Net earnings from current operations Recoveries and profits: Recoveries on securities Profits on securities sold or redeemed __ Recoveries on loans All other __ Total Losses and charge-ofls: On securities On loans All other — 268 315 36 30 41 14 59 54 53 21 121 187 73 43 30 66 43 43 146 152 Net profits before dividends. 243 350 Dividends: On preferred stock On common stock: Cash dividends Stock dividends 7 6 121 9 125 42 Total Total Ratios: Expenses to gross earnings Net profits before dividends to capital funds Cash dividends to capital stock Cash dividends to capital funds 137 173 Percent 72.19 6.60 8.46 3.47 Percent 70.30 9.08 8.72 3.41 STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM The authorized capital stock of the 5,049 national banks in existence at the close of business on December 31, 1943, including 3 inactive banks, consisted of common capital stock aggregating $1,404,077,240, a net increase during the year of $45,450,582, and preferred capital stock aggregating $128,811,576, a net decrease during the year of $18,182,689. During the year ended December 31, 1943, in addition to 4 applications with proposed capital stock of $1,750,000 carried over from the previous period, 22 applications were received to organize national banks and to convert State banks into national banking associations, with proposed capital stock aggregating $4,850,000. Of these applications, 13 with proposed capital stock aggregating $3,700,000 were approved; 6 with proposed capital stock aggregating $850,000 were rejected; and the remainder were still pending or had been abandoned on December 31, 1943. From the applications carried over from the previous period and the 13 applications approved during the current year, 12 national banking associations with common capital stock aggregating $2,175,000 were authorized to commence business. Of the 12 charters issued, 9 with common capital stock aggregating $1,950,000 were the result of the conversions of State banks. During the year ended December 31, 1943, three national banks and one state bank, were consolidated into two national banking associations, under authority of the act of November 7, 1918, as amended, the common capital stock of the consolidated banks being $775,000. Additional assets of approximately $1,632,602 were brought into the 8 EE PORT OF THE COMPTROLLER OF THE CURRENCY national banking system by reason of the State bank consolidating with the national bank. Also, during this period national banks reported the purchase of the business of eight State banks, with aggregate capital stock of $291,000 and aggregate assets of approximately $4,590,983. During the year ended December 31, 1943, 50 national banks with common capital stock of $4,162,175, among which were 10 with preferred capital stock aggregating $966,980, went into voluntary liquidation in the manner provided by sections 5220 and 5221, U. S. R. S. Of these banks, 10 with common capital stock of $590,000 and assets of $6,600,254, including 2 with preferred capital stock of $45,000, paid their depositors and quit business; 20 with common capital stock of $1,284,000 and assets aggregating $32,061,988, including 5 with preferred capital stock of $632,000, were succeeded by other national banks; and 20 with common capital stock of $2,288,175 and assets aggregating $64,595,489, including 3 with preferred capital stock of $289,980, were succeeded by State banks. Changes in the number and capital stock of national banks during the year ended December 31,1943, are shown in the following summary: Organization, capital stock changes, and liquidations of national banks during the year ended Dec. 81, 1948 Number of banks Charters issued: Conversions of State banks . Primary organizations Increases of capital stock: Preferred: 4 banks, by new issues Common: 68 banks, by regular cash increases 67 banks, by regular stock dividends under sec. 5142, U. S. R. S 365 banks, by stock dividends under provisions of their articles of association 6 banks, by conversion of preferred capital stock 2 banks, by consolidation under act Nov. 7, 1918, as amei * " Total decreases Charters in force Dec. 31, 1943, and authorized capital stock.. Preferred $510,000 6,720,650 35,214,300 5,922,817 753,990 275,000 Voluntary liquidations: Succeeded by national banks Succeeded by State banks Quit business — Receiverships: Banks in active operation — Decreases of capital stock: Preferred: 740 banks, by retirement 2 banks, by decrease of par value Common: 9 banks, by reduction Closed under consolidation (act Nov. 7,1918, as amended). Net change Charters in force Dec. 31,1942, and authorized capital stock.. Common $1,950,000 225,000 12 Total increases- Capital stock 51,061,757 510,000 1,284,000 2,288,175 590,000 625,000 632,000 289,980 45,000 25,000 824,000 16,900,709 800,000 53 5,611,175 18,692,689 -41 +45,450,582 1,358,626,658 -18,182,689 146,994,265 1,404,077,240 128,811,576 BRANCHES On December 31, 1943, 218 national banks were operating 1,603 branches. This total includes 7 branches temporarily discontinued for the duration of the emergency and 4 seasonal offices. 9 EE PORT OF THE COMPTROLLER OF THE CURRENCY During the year ended December 31,1943,12 branches were brought into the national banking system, all of which were de novo branches. Of these branches 6 were authorized under the Banking Act of 1933 to operate in places other than the city in which the parent bank is located. During the same period 13 branches were relinquished, of which number 11 were discontinued through action of the boards of directors of the parent banks and 2 through voluntary liquidation of the parent banks. Of the 12 branches authorized 10 were operating on December 31, 1943; 3 branches authorized, in 1942 did not begin operations until 1943. As a net result of these operations there was no change for the system in the total number of branches operating during the year. NATIONAL BANK NOTES OUTSTANDING There were, as of December 31, 1943, $130,017,625 of national bank notes outstanding. DISTRIBUTION OF ALL BANKS On December 31, 1943, there were 14,621 banks in the United States and its possessions, of which 5,040, or 34 percent, were national banks, members of the Federal Reserve System. Of these, 13,458, or 92 percent, were insured banks. All banks had deposits of $118,336,126,000, 51 percent of which was in member national banks and 94 percent of which was in insured banks. There were 537 mutual savings banks which had $11,717,080,000 of deposits. Classification of all banks, Dec. 81, 19Iß Banks National banks State member banks: Commercial Mutual savings Nonmember insured banks: State commercial1 Mutual savings — Total insured banks Nonmember uninsured banks: State commercial and private 3 — Mutual savings Total - Number Percent of grand total 5,040 34.47 1,695 3 11.59 .02 6,539 181 44.73 1.24 13,458 92.05 810 353 5.54 2.41 14,621 100.00 Deposits Change in 12 months (percent of grand total) Percent of grand total Change in 12 months (percent of grand total) —0.04 $59,960,668 50.67 +0.34 +.75 0 32,291,511 10,181 27.29 .01 -.44 0 -.58 +.88 11,863,598 7,523,879 10.02 6.36 +.49 +4.33 +1.01 111,649,837 -.15 -.86 Amount (000 omitted) 94.35 +4.72 2,503,269 4,183,020 2.12 3.53 +.32 -5.04 118,336,126 100.00 i Includes 3 nonmember insured national banks and 1 insured private bank, a Includes 3 nonmember uninsured national banks. ASSETS AND LIABILITIES OF ALL ACTIVE BANKS IN THE UNITED STATES AND POSSESSIONS The assets of all classes of active banks in the United States and possessions on December 31, 1943, reached a new high level of $128,122,000,000, exceeding by $18,579,000,000, or 16.96 percent, the total assets held at the end of 1942. Loans and discounts of $23,675,000,000 declined $326,000,000 due principally to the decreased amount of real estate loans outstanding. 10 EE PORT OF THE COMPTROLLER OF THE CURRENCY Holdings of United States Government obligations on December 31, 1943, of $66,259,000,000 increased in the year $20,200,000,000. This class of investments was 51.72 percent of the total assets. Obligations of States and political subdivisions decreased in the year $362,000,000 to $3,564,000,000, and other bonds, notes, and debentures of $3,352,000,000 were $403,000,000 less than the year before. Cash and balances with other banks including reserve balances were $28,612,000,000, a decline of $224,000,000, and real estate owned other than banking premises of $332,000,000 showed a decline of $198,000,000. The deposits of all banks were also at a new high peak, amounting to $118,336,000,000 at the end of 1943, an increase of $18,070,000,000, or 18.02 percent, over the deposits at the end of 1942. The major increases m deposits were in demand funds of individuals, partnerships and corporations, which increased $11,416,000,000, and in time deposits of individuals, partnerships and corporations which increased $4,021,000,000. United States Government and postal savings deposits of $10,532,000,000 increased in the year $2,025,000,000. The aggregate of capital accounts at the end of 1943 was $9,046,000,000, compared to $8,605,000,000 at the end of 1942. A comparison of the assets and liabilities of all classes of active banks in the country on December 31, 1942 and 1943 is shown in the following statement: Assets and liabilities of all active banks in the United States and possessions, Dec. 81, 1942 and 1943 [In millions of dollars] 1942 Number of banks ASSETS Loans on real estate Commercial and industrial loans (including open-market paper). Other loans, including overdrafts . Total loans.. U . S. Government obligations, direct and guaranteed— Obligations of States and political subdivisions — Other bonds, notes, and debentures Corporate stocks, including stocks of Federal Reserve banksTotal securities.. Currency and coin — — Balances with other banks, including reserve balances2 Bank premises owned, furniture and fixtures Real estate owned other than bank premises, — Investments and other assets indirectly representing bank premises or other real 6St&t6 _ _ _ _ _ __ „ _ Customers' liability on acceptances outstanding Interest, commissions, rent, and other income earned or accrued but not collected. Other assets Total assets. 1943 1 14,722 114,621 9,373 7,880 6,748 8,941 7,879 6,855 24,001 23,675 46,059 3,926 3,755 631 66,259 3,564 3,352 551 54,371 73,726 1,464 27,372 1,190 530 1,612 27,000 1,128 332 123 46 173 273 102 49 220 278 109,543 128,122 47,969 26,704 8,507 4,523 11,324 1,239 59,385 30,725 10,532 4,972 11,032 1,690 100,266 118,336 LIABJLITIES Deposits of individuals, partnerships, and corporations: Demand Time U . S. Government and postal savings deposits Deposits of States and political subdivisions Deposits of b a n k s 2 — Other deposits (certified and cashiers' checks, etc.) Total deposits 2_. 1 Excludes banks in Guam and the Philippines on account of the war. Excludes reciprocal interbank demand balances with banks in the United States. 2 11EEPORT OF THE COMPTROLLER OF THE CURRENCY Assets and liabilities of all active banks in the United States and possessions Dec. 31y 1942 and 194S—Continued [In millions of dollars] 1942 1943 LIABILITIES—continued Bills payable, rediscounts, and other liabilities for borrowed money Acceptances executed by or for account of reporting banks Interest, discount, rent, and other income collected but not earned Interest, taxes, and other expenses accrued and unpaidOther liabilities Total liabilities - — 19 52 58 138 405 52 60 45 208 375 100,938 119,076 281 2,605 3,770 1,323 90 254 2,668 4,105 1,370 CAPITAL ACCOUNTS Capital notes and debentures Preferred stock Common stock Surplus Undivided profits Reserves and retirement account for preferred stock and capital notes and debentures — Total capital accounts Total liabilities and capital accounts — 527 559 8,605 9,046 109,543 128,122 REPORTS FROM BANKS National banks in the continental United States, Alaska, the Territory of Hawaii, and the Virgin Islands of the United States were, in accordance with the provisions of section 5211 of the Revised Statutes, called upon to submit three reports of condition during the year ended December 31, 1943. Reports were required as of June 30, October 18, and December 31. Summaries from all condition reports, by States, are published in pamphlet form. National banks were also required by the statute to obtain reports of their affiliates and holding-company affiliates other than member banks and to submit such reports to the Comptroller as of the three dates for which condition reports of the banks were obtained. Under the general powers conferred upon him by law, the Comptroller required from each national bank during the period indicated semiannual reports of earnings, expenses, and dividends; also reports of condition of foreign branches of national banks as of December 31, 1943. National banking associations authorized to act in a fiduciary capacity were called upon to submit reports of their trust departments as of the close of business on December 31, 1943. In accordance with section 298 of the Code of Law for the District of Columbia, banks other than national in the District were required to make to the Comptroller condition reports and reports of earnings, expenses, and dividends identical with those obtained from national banks during the year. Building and loan associations and credit unions in the District of Columbia under the supervision of the Comptroller were required to submit reports of their assets and liabilities as of December 31, 1943, and reports of receipts and disbursements for the year ended December 31, 1943. Detailed figures for reports of condition and earnings and dividends will be found in the appendix of this report. REPORT OF THE COMPTROLLER OF THE CURRENCY EXAMINATION OF NATIONAL BANKS The National Bank Act requires that each national bank be examined at least twice each year in order that the Comptroller may be kept currently informed of its condition and require such corrections as are deemed necessary with a view to maintaining each bank in sound condition. In addition to the regular examinations, special examinations are conducted of banks the condition of which is regarded as unsatisfactory. During the year ended December 31, 1943, 10,219 examinations of banks, 3,164 examinations of branches, 2,130 examinations of trust departments, and 151 examinations of affiliates were conducted. Fifteen State banks were examined in connection with conversions to or consolidations with national banks. Investigations were also conducted in connection with applications for 7 new charters and 10 new branches. LIQUIDATION OF INSOLVENT NATIONAL BANES During the year ended December 31, 1943, there were 2 failures of national banks with total deposits of $5,007,320. The number of receiverships in process of liquidation has been reduced from 54 to 26. Of the 26, 11 are in charge of the Federal Deposit Insurance Corporation. Of the remaining 15, 6 are in process of paying final dividends and can be closed in the immediate future, 7 are involved in litigation and 2 have assets to be liquidated before final dividends can be paid. LIQUIDATION OF JAPANESE-OWNED BANKS In February 1942 the Secretary of the Treasury, acting under the Trading with the Enemy Act and the First War Powers Act, designated the Comptroller of the Currency to supervise the liquidation of three Japanese-owned banks in Honolulu, T. H. Liquidation of the banks had proceeded to the point where distribution of 100 percent had been made to the depositors and creditors of two of them when, on May 10, 1943, the assets of the three banks were delivered to the Agent for the Alien Property Custodian pursuant to the terms of Supervisory Orders issued by the Custodian on April 29, 1943, and all supervision by the Comptroller of the Currency ceased. ISSUE AND REDEMPTION OF NOTES One thousand five hundred sixty-six shipments of Federal Reserve currency were made from Washington, D. C., during the year ended December 31, 1943, to Federal Reserve agents and Federal Reserve branch banks, aggregating $6,487,420,000 and, in addition, 57 deliveries were made to the Treasurer of the United States aggregating $182,260,000. Three thousand three hundred twenty-five lots of unfit Federal Reserve currency were received for verification and certification for destruction consisting of 167,574,683 notes aggregating $1,609,783,773. Thirty-five lots of national bank notes were received for verification and certification for retirement and destruction consisting of 433,482 notes aggregating $5,963,587. 13 EE PORT OF THE COMPTROLLER OF THE CURRENCY Ten thousand two hundred forty-six fragments or charred Federal Reserve and national bank notes aggregating $173,404 were presented by the Treasurer of the United States for identification and approval. ORGANIZATION AND STAFF On December 31, 1943, the personnel of the Office of the Comptroller of the Currency consisted of 996 persons, of whom 282 were located in the Washington office, there having been a reduction of 119 during the year in the total number employed, due largely to inductions into the armed forces. During the calendar year 1943, 12 national bank examiners and 116 assistant national bank examiners left the service. Of these, 5 examiners and 50 assistant examiners were placed on military furlough. In the same period 5 assistant examiners were promoted to examiners and 68 persons were given appointments as assistant examiners, 66 of these being for the duration of the war and 6 months thereafter. As of December 31, 1943, 190 field employees and 40 Washington office employees, a total of 230, were serving in the armed forces. More than 98 percent of the active employees were purchasing war bonds on the pay-roll allotment plan for an average of more than 11 percent of gross salary. In addition the employees of the Office made cash purchases of war bonds in the Third War Loan Campaign in an amount substantially exceeding their quota. EXPENSES OF THE BUREAU The expenses of the Office are met largely by fees assessed against the banks supervised. This figure for the calendar year 1943 was $3,974,510.39. This amount was supplemented by Congressional appropriations totaling $289,812.99. The expenses of the Division of Insolvent National Banks are paid from assessments against the banks in process of liquidation. Such expenses for the calendar year 1943 were $423,516.09. The expenses of the division of Federal Reserve Issue and Redemption are paid by the Federal Reserve banks. This item for 1943 was $57,665.81. 588768—44 2 APPENDIX 15 CONTENTS TABLES No. 1. Principal items of assets and liabilities of national banks, by size of banks according to deposits, December 31, 1942 and 1943 No. 2. Earnings, expenses and dividends of national banks, by States, for the year ended December 31, 1943 No. 3. Earnings, expenses and dividends of national banks, by Federal Reserve districts, for the year ended December 31, 1943 No. 4. Earnings, expenses, and dividends of national banks, by size of banks, for the year ended December 31, 1943 No. 5. Earnings, expenses, and dividends of national banks, years ended December 31, 1942 and 1943 No. 6. Number of national banks, capital stock, capital funds, net profits, dividends and ratios, years ended December 31, 1929-43 No. 7. National bank investments in U. S. Government securities and other bonds and securities, loans and discounts (including overdrafts) , and losses charged off on account of bonds and securities and loans and discounts, years ended December 31, 1929-43 . . No. 8. Foreign branches of American national banks, December 31, 1943No. 9. Consolidated statement of assets and liabilities of foreign branches of national banks, December 31, 1943 No. 10. Total number of national banks organized, consolidated under act November 7, 1918, as amended June 16, 1933, insolvent, in voluntary liquidation, and in existence on December 31, 1943__ No. 11. Number and authorized capital stock of national banks chartered and the number and capital stock of national banks closed in each year ended October 31, from 1935 to 1941, inclusive, for the fourteen month period from November 1, 1941, to December 31, 1942, inclusive, and for the year ended December 31, 1943 No. 12. National banks chartered during the year ended December 31,1943. No. 13. National banks chartered which are conversions of State banks during the year ended December 31, 1943 No. 14. National banks reported in liquidation during the year ended December 31, 1943, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital. No. 15. National and State banks consolidated during the year ended December 31, 1943, under act, November 7, 1918, as amended. No. 16. Number of domestic branches of national banks authorized during the year ended December 31, 1943 No. 17. Number and class of domestic branches of national banks closed during the year ended December 31, 1943 No. 18. Assets and liabilities of banks in the District of Columbia, by classes, December 31, 1943 No. 19. Earnings, expenses, and dividends of banks in the District of Columbia, years ended December 31, 1943 and 1942 No. 20. Summary of assets and liabilities December 31, 1943, and receipts and disbursements in year ended December 31, 1943, of the 26 building and loan associations in the District of Columbia No. 21. Summary of assets and liabilities December 31, 1943, and receipts and disbursements in year ended December 31, 1943, of the 23 District of Columbia credit unions No. 22. Assets and liabilities of all active banks in the United States and possessions, by classes, at the close of business December 31, 1943 No. 23. Assets and liabilities of all active banks in the United States and possessions, by States and Territories, December 31, 1943 17 Page 19 20 26 28 30 31 32 33 33 34 35 35 36 36 37 38 38 39 41 42 43 44 46 18 EE PORT OF THE COMPTROLLER OF THE CURRENCY No. 24. Per capita demand and time deposits of individuals, partnerships, and corporations in all active banks, December 31, 1943 No. 25. Officials of State banking departments and number of each class of active banks under their supervision in December 1943 No. 26. 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, April 14, 1865, to December 31, 1943 No. 27. Number and deposits of national and District of Columbia nonnational banks placed in receivership period April 14, 1865, to December 31, 1943, by groups according to percentages of dividends paid to December 31, 1943 No. 28. Liquidation statement, 56 receiverships in liquidation during the the year ended December 31, 1943 No. 29. Liquidation statement, 30 administered receiverships completely liquidated and finally closed, during the year ended December 31, 1943 No. 30. Liquidation statement, 26 active receiverships as of December 31, 1943 No. 31. National banks in charge of receivers during year ended December 31, 1943, dates of organization, appointment of receivers and final closing, with nominal amounts of total assets and total liabilities at date of failure, capital stock and stock assessments, amounts collected from all sources, including offsets allowed and earnings, together with the disposition of such collections, and various other data indicating the progress and results of liquidation to December 31, 1943 No. 31-A. District of Columbia State chartered banks, and banks incorporated under the laws of the District of Columbia, under the supervision of the Comptroller of the Currency, in charge of receivers during year ended December 31, 1943, dates of organization, appointment of receivers, and final closing, with nominal amounts of total assets and total liabilities at date of failure, capital stock and stock assessments, amounts collected from all sources, including offsets allowed and earnings, together with the disposition of such collections, and various other data indicating the progress and results of liquidation to December 31, 1943 No. 32. Summary of progress and results of liquidation of Japanese-owned banks liquidated under the supervision of the Comptroller of the Currency, February 28, 1942, to December 31, 1943 No. 33. Japanese-owned banks in charge of receivers during year ended December 31, 1943, dates of appointment of receivers, with capital stock, nominal amounts of total assets and total liabilities at date of failure, amounts collected from all sources, including offsets allowed and earnings, together with the disposition of such collections, and various other data indicative of the progress and results of liquidation to December 31, 1943 No. 34. Bank suspensions, by States, in the year ended December 31, 1943 No. 35. Bank suspensions since inauguration of Federal Deposit Insurance, years ended December 31, 1934 to 1943 No. 36. Fiduciary activities of national banks as of Dec. 31, 1943 No. 37. Classification of investments in living and court trust accounts under administration by the active national bank trust departments, Dec. 31, 1943 Page 54 56 58 60 61 62 63 64 76 82 83 84 85 86 87 TABLE N O . 1.—Principal items of assets and liabilities of national banks, by size of banks according to deposits, Dec. 31, 1942 and 1943 [In thousands of dollars] Loans and securities Number of banks m% 1 Banks with deposits of— $500,000 and under $500,001 to $750,000. $750,001 to $1,000,000 $1,000,001 to $2,000,000.... $2,000,001 to $5,000,000.... $5,000,001 to $10,000,000... $10,000,001 to $25,000,000.. $25,000,001 to $50,000,000.. $50,000,001 to $100,000,000.. $100,000,001 to $500,000,000. $500,000,001 and over. Total Banks with deposits of— $500,000 and under. $500,001 to $750,000.. $750,001 to $1,000,000 $1,000,001 to $2,000,000.... $2,000,001 to $5,000,000 $5,000,001 to $10,000,000... $10,000,001 to $25,000,000.. $25,000,001 to $50,000,000.. $50,000,001 to $100,000,000. $100,000,001 to $500,000,000. $500,000,001 and over Total 1 Total Loans and discounts, including rediscounts and overdrafts TJ. S. Government obligations— direct and guaranteed Cash, balances with other banks including reserves Other with bonds and Federal securities Reserve banks Deposits Real estate Total Capital stock Surplus, profits and Total Demand Time 476 542 511 1,365 1,235 460 280 84 67 54 10 121,770 240,846 317,810 1,411,685 2,771,665 2,332,598 2,988,945 2,072,080 3,232,172 7,701,221 14,490,101 58,991 105,793 127,710 529,107 885,813 685,052 812,784 571,922 930,750 2,020,614 3/472,221 45,264 17,515 99,296 35,757 141,318 48,782 658,570 224,008 1,434,032 451,820 1,289,295 358,251 1,797,264 378,897 1,328,315 171,843 2,010,713 290,709 5,173,338 507,269 9,845,430 1,172,450 72,304 135,535 172,559 721,944 1,373,187 1,114,454 1,526,865 1,140,606 1,701,741 3,540,982 4,749,965 5,842 8,099 35,626 71,538 65,913 77,087 47,159 65,368 123,185 189,694 197,547 382,417 499,046 2,171,183 4,221,186 3,518,637 4,602,906 3,267,285 5,016,378 11,410,000 19,491,556 16,622 24,135 26,545 101,838 165,570 131,093 146,481 86,535 123,318 268,521 411,299 10,668 20,748 26,778 113,807 216,813 171,668 184,253 118,788 162,428 431,373 776,615 170,011 124,160 337,139 236,611 445,108 305,718 1,952,844 1,305,143 3,832,122 2,546,241 3,207,506 2.191.362 4,261,074 3.201.363 3,051,222 2,537,855 4,713,060 4,151,278 10,662,033 9,319,071 18,016,697 16,051,982 45,851 100,528 139,390 647,701 1,285,881 1,016.144 1,059,711 513,367 561,782 1,342,962 1,964,715 5,084 37,680,893 10,200,757 23,822,835 3,657,301 16,250,142 692,873 54,778,141 1,501,957 2,233,939 50,648,816 41,970,784 8,678,032 255 377 401 1,368 1,434 590 357 109 74 69 10 69,254 177,816 1,489,178 3,422,290 3,162,401 4,171,520 2,851,161 3,961,391 11,222,041 16,851,798 23,734 54,433 72,322 378.941 761,702 609,661 813,323 538,883 853.942 2,386,337 3,640,226 38,105 7,415 104,624 18,759 155,698 28,313 942,525 167,712 2,266,734 393,854 2,222,687 330,053 2,959,447 398,750 2,120,882 191,396 2,836,553 270,896 8,321,152 514,552 12,207,688 1,003,884 40,698 83,610 125,445 647,734 1,351,998 1,170,547 1,537,647 1,136,345 1,517,314 3,974,765 4,494,420 1,392 3,211 4,272 26,312 57,452 57,217 75,687 48,721 57,357 128,127 168,986 111, 378 264,728 386,221 2,164,712 4,835,989 4,396,253 5,796,474 4,045,886 5,556,169 15,369,162 21,602,189 8,261 15,632 18,504 85,876 158,577 129,807 158,076 91,639 115,642 307,615 440,186 5,490 12,548 18,487 99,690 217,497 190,359 208,861 136,352 173,421 523,761 840,729 77,028 97,481 170,586 236,002 251,830 348,555 1,976,578 1,393,334 4,452,044 3,097,721 4,067,827 2,838,201 5,417,554 4,047,577 3,803,797 3,124,519 5,245,758 4,484,928 14,482,306 12,716,371 20,028,279 17,645,409 20,453 65,416 96,725 583,244 1,354,323 1,229,626 1,369,977 679,278 760,830 1,765,935 2,382,870 5,044 47,635,183 10,133,504 34,176,095 3,325,584 16,080,523 628,734 64,529,161 1,529,815 2,427,195 Excludes 3 banks without deposits. 2 60,156,181 49,847,504 10,308,677 Excludes 2 banks without deposits. CO TABLE NO. 2.—Earnings, expenses, and dividends of national banks for the year ended Dec.31,1943—Continued [In thousands of dollars] Earnings from current operations 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 Number of banks 35 52 39 124 11 51 Interest and dividends on securities Interest and discount on loans Service charges and other fees on banks' loans Service charges on deposit accounts Other service charges, commissions, fees, and collection and exchange charges Trust department 2,080 1,272 825 21,375 1,746 4,931 1,253 1,228 1,371 16,023 1,131 3,665 3 6 13 399 17 33 214 291 100 1,927 181 634 117 80 43 1,192 36 202 185 54 51 1,495 106 1,082 umer current earnings 172 234 108 4,566 98 940 Total earnings from current operations 4,024 3,165 2,511 46,977 3,315 11,487 312 32,229 24,671 471 3,347 1,670 2,973 6,118 71,479 409 222 667 13 63 9 93,673 15,955 51,894 313 6,931 3,294 46,521 10,566 29,459 316 2,489 2,156 1,264 93 434 2 23 21 5,330 2,020 2,972 22 278 506 2,446 463 1,412 14 158 69 5,846 1,035 2,116 11 212 219 10,325 2,009 5,395 18 456 355 165,405 32,141 93,682 696 10,547 6,620 1,383 172,060 91,507 1,837 11,128 4,562 9,439 18,558 309,091 130 77 44 22 47 55 66 22 30 439 51 94 69 6,158 2,397 1,950 1,607 4,380 6,662 4,678 1,167 5,604 19,196 2,047 4,387 7,255 1 6,907 3,045 1,876 1,567 5,200 3,476 4,125 896 3,777 22,046 1,635 3,765 6,463 52 27 29 7 65 16 48 3 24 118 11 25 27 875 385 503 489 908 1,069 843 209 724 3,250 455 456 741 372 151 257 438 1,075 866 688 360 627 1,869 379 143 1,095 624 152 100 115 452 389 320 26 222 788 82 116 338 711 521 223 103 898 1,514 960 193 1,297 4,781 399 398 1,050 15,699 6,678 4,938 4,326 12,978 13,992 11,662 2,854 12,275 52,048 5,008 9,290 16,969 1,146 1 67,488 | 64,778 | 452 | 10,907 8,320 3,724 13,048 168,717 Ohio Indiana Illinois Michigan. _ Wisconsin . . Minnesota . Iowa.. Missouri 241 125 345 75 97 185 101 136,686 Total Middle Western StatesNorth DakotaSouth DakotaNebraska Kansas Montana Wyoming Colorado New Mexico... Oklahoma Total Western StatesWashington.. Oregon California Idaho Utah Nevada Arizona Total Pacific States Total United States (exclusive of possessions). Alaska (nonmember banks) The Territory of Hawaii (nonmember bank) Virgin Islands of the United States (nonmember bank). Total possessions (nonmember banks) Total United States and possessions New York City (central Reserve city) Chicago (central Reserve city) Other Reserve cities Country banks (member banks) Possessions (nonmember banks). 18,026 9,250 58,638 16,125 10,134 11,977 3,938 8,598 42 36 129 177 41 26 77 22 200 750 41 25 93 16 12 6 5 .877 1,042 4,401 3,638 1,312 574 3,565 681 5,619 21,709 1 9,738 7,843 49,639 1,644 1,432 820 1,017 14,500 5,257 29,583 9,265 4,422 8,478 3,579 7,230 302 88 1,245 311 104 155 14 75 2,133 1,056 4,742 1,388 685 1,408 716 735 423 1,521 1,211 508 1,983 389 592 1,763 278 6,365 827 306 1,154 155 545 3,276 1,204 6,460 1,294 1,053 1,312 455 576 82,314 I 2,294 12,863 7,460 11,393 15,630 I 30 21 217 129 13 24 395 31 180 233 206 935 793 314 114 517 152 1,392 1,040 4,656 58,718 525 350 4,710 23 31 60 37 953 572 7,145 178 305 134 313 21,986 14,076 133,246 3,755 3,237 1,866 3,456 869 1,269 4,213 4,115 866 857 3,369 1,028 7,145 28 23 20 35 9 3 45 13 63 142 290 717 877 190 199 706 165 1,220 456 312 467 375 220 81 283 70 573 23,731 239 4,506 2,837 1 8,249 3,925 60,613 1,411 1,125 718 1,682 115 39 961 9 21 11 92 1,579 944 7,172 342 250 88 208 827 403 3,006 148 73 35 107 5,736 9,600 j 2,635 3,163 10,970 9,962 2,924 1,852 8,880 2,140 16,192 181,622 198 72,133 77,723 1,248 10,583 4,599 ! 5,040 502,305 364,724 6,541 53,334 29,448 1 4 1 1 128 1,609 27 130 712 31 3 18 241 1 186 274 35 2 6 1,764 873 3 260 495 j 2 99 3,496 1,061,763 128,470 74,448 433,862 421,487 3,496 34,305 | 67,610 | 40 58 1 5,046 504,069 365,597 6,544 53,594 29,943 1 34,307 67,709 8 9 242 4,781 6 77,291 43,642 203,874 177,498 1,764 31,996 18,693 153,063 160,972 873 1,046 837 3,024 1,634 3 2,703 694 20,592 29,345 260 1,652 268 11,726 15,802 495 5,131 5,685 14,258 9,231 2 8,651 4,629 27,325 27,005 99 i Number of banks as of end of year butfiguresof earnings, expenses, etc., include those of first six months for banks which were inactive at close of year. 1,058,267 504 2,897 95 -Continued 2.—Earnings, expenses, and dividends of national banks for the year ended Dec.31,1943—Continued TABLE N O . to fcO [In thousands of dollars] Recoveries and profits Current operating expenses 3 A Employees other than officers Officers Location a Maine New Hampshire Vermont Massachusetts Rhode Island. Connecticut ^ 523 501 346 4,547 364 1,581 Virginia West Virginia North Carolina—South Carolina Georgia Florida Alabama— Mississippi LouisianaTexas Arkansas Kentucky Tennessee. - — - Total Southern States 636 530 355 8,667 498 2,414 ©V J I« 8 S3 8 420 416 258 5,313 359 1,464 54 43 39 247 39 103 § o ! o 8 408 267 311 6,801 527 2,: 155 1,080 13,100 8,230 525 5,032 17,171 3,589 9,175 60 919 922 733 375 1,000 8 83 50 6,854 4,056 10,544 98 1,066 30,239 6,110 54,762 31,836 1,954 861 737 610 1,422 1,475 1,287 411 1,173 7,687 805 1,226 1,643 548 252 191 149 297 100 212 2,033 221 386 385 2,478 1,136 838 792 2,222 2,416 2,025 508 2,429 9,228 802 1,520 2,493 1,850 793 641 608 1,612 1,752 1,443 379 1,581 6,773 637 1,240 1,791 21,291 5,459 28,887 21,100 23,011 289 48 70 Is 622 294 512 31,459 5,446 14,836 74 1,386 1,561 133 61 27 21 Ss C IH à 1,541 - Total Eastern States 143 163 128 746 'O g 2,356 956 2,397 39 233 129 Total New England States New York New Jersey.. Pennsylvania Delaware Maryland District of Columbia. <S gig i s " I S a 'S"® Salaries and wages 1,< 9,413 92 1,8 785 345 210 652 620 234 754 i,: 10,228 56 h 74 78 27 1,209 30 374 681 369 8,641 717 2,149 2,997 2,394 1,959 32,484 2,332 8,802 1,027 771 552 14,493 983 2,685 1,792 13,237 50,968 20,511 1,852 4,037 54,356 9,007 29,839 240 2,177 32,713 1,— 5,466 38 519 469 19,687 2,056 6,132 74 585 488 97,215 40,231 29,022 19,786 5,136 94,175 264 208 504 205 96 66 400 1,128 481 71 353 1,282 157 912 929 798 308 134 71 302 141 570 113 242 2,931 118 280 467 198 42 124 172 185 420 143 231 1,714 141 108 171 1,834 919 281 299 894 1,746 1,518 411 1,043 6,791 514 1,549 1,650 6,584 6,475 3,917 19,449 3,216 1,128 2,430 22 115 163 39,414 7,074 55,035 211,876 2,028 620 498 452 1,554 1,590 943 280 1,877 7,455 465 1,348 2,363 372 200 134 94 300 493 247 51 508 1,209 109 158 437 2,567 1,197 1,049 924 3,115 3,142 2,170 606 2,515 10,676 1,045 1, 716 3,134 21,473 4,312 33,856 121,086 195 163 73 822 71 528 1,026 20 292 47 84 217 864 98 249 7, 2,119 9,319 38,226 3,562 6,712 11,376 47,631 n 2,473 259 207 131 2,934 197 162 128 274 4,045 76 70 1,218 93 295 723 608 402 7,566 635 1,818 1,818 11,752 o o K S w o N 2,111 621 1, 13 834 31 H w » 0 1 o Ohio Indiana Illinois Michigan... Wisconsin— Minnesota.. Iowa Missouri.... Total Middle Western States. North DakotaSouth Dakota.. Nebraska Montana Wyoming Colorado New Mexico.. Oklahoma Total Western States. Washington. 1. Oregon. California Idaho Utah. Nevada Arizona Total Pacific States.. Total United States (exclusive of possessions) 4,477 1,903 9,661 2,786 3,290 1,377 2,193 1,085 593 1,758 476 450 827 389 445 6,585 2,837 18,738 6,409 3,478 4,738 1,390 3,619 4,280 2,056 11,257 3,814 2,209 3,287 1,119 2,492 110 371 107 123 192 55 79 4,014 1,742 6,933 3,061 2,116 * 2,432 768 971 2,250 15,207 3,192 1,023 2,620 743 2,165 1,074 379 1,489 544 426 390 157 316 7,820 3,146 19,115 5,733 3,085 5,138 1,711 3,676 27,697 6,023 47,794 30,514 1,330 22,037 32,689 4,775 49,424 185,752 443 682 153 181 467 605 136 102 328 86 816 378 467 1,656 1,525 498 333 428 2,689 337 397 1,270 1,173 398 230 1,276 301 1,993 17 35 72 88 16 17 62 12 70 254 241 522 378 168 131 695 138 541 212 241 1,202 1,200 343 209 936 291 1,674 9,743 7,375 2,010 1, 1,797 462 358 1,302 330 2,616 9,574 1, 2,486 1,440 12,240 550 348 210 385 17,659 3,068 15 277 3,781 39,023 114,322 22,037 2,119 1,407 15,747 393 334 270 200 20,470 21,955 507 638 2,433 1,929 624 307 1,729 427 3,136 1,879 2,280 7,"" 7,167 2,189 1,423 6,674 11,202 756 883 3,134 2,795 735 429 2,206 453 4,990 11,730 42,337 16,381 1,— 1,245 779 3,702 1,152 670 480 209 648 10,108 1,885 12,790 6,034 10 667 344 21 36 134 21 228 170 96 522 549 391 93 446 260 1,052 113 34 282 335 36 35 151 25 165 1,494 3,579 1,176 2,457 62 146 20 336 396 4,845 73 54 14 91 213 136 2,050 57 12 101 15 4,090 6,172 2,584 105 34 1,306 161 117 11 630 35 360 4,241 27,946 131,689 49,933 2,217 6,121 2, 532 714 270 905 54,112 15 434 63 312 Total United States and possessions 114,756 25,851 131,564 6,203 13,019 1,409 570 947 353 5,466 299 499 1,675 101 768 121,092 Total possessions (nonmember banks) 1 Number at end of period. 18,800 11,080 5,188 37,038 8,589 4,951 7,667 3,043 5,332 665 300 !, 002 92 70 28 84 Alaska (nonmember banks) The Territory of Hawaii (nonmember bank) Virgin Islands of the United States (nonmember bank) New York City (central Reserve city) Chicago (central Reserve city) Other Reserve cities.. Country banks (member banks)... Possessions (nonmember banks). _. 74 265 249 78 68 181 61 476 29,753 12,368 71,516 21,832 12,261 618 729 2,281 473 772 616 157 20,665 39 2 312 9,707 4,755 38,039 61,821 434 16 6,123 18,443 25,315 12,489 87,808 67,697 765 12,758 6,472 51,474 50,388 367 1,632 3,850 30,511 47,853 760 19,087 12,442 59,642 40,081 312 75 2,726 770 12 10 23,789 191,594 746,434 315,329 59,652 54,122 52,900 20,669 2,274 727 9,160 11,553 75 31,061 4,810 10,609 13,160 12 17,274 2,346 16,486 18,006 10 12,738 5,134 15,822 19,153 53 8,409 9,494 4 2 Number of full-time and part-time employees at end of period. 24,895 83,257 12,432 46,799 78,449 304,781 75,452 308,871 2.726 1,142 1,6 TABLE NO. 2.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1943—Continued to [In thousands of dollars] Location Maine.. New Hampshire Vermont Massachusetts Rhode Island Connecticut Total New England States New York. New Jersey Pennsylvania Delaware Maryland- District of Columbia Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee Total Southern States On securities 394 267 145 2,777 203 643 On loans All other Ratios Dividends Losses and charge-offs Total losses and chargeoffs Net profits before dividends On common stock On preferred stock 191 129 138 3,900 158 379 85 81 56 3,978 331 358 670 477 339 10,655 692 1,380 4,429 4,895 4,889 14,213 18,050 431 13,657 2,292 8,550 31 1,179 641 17,662 1,400 4,234 32 139 133 3,287 1,222 5,343 26 109 498 34,606 4,914 18,127 89 1,427 1,272 89,095 9,099 28,221 288 2,827 1,425 560 950 387 2 68 25 26,350 23,600 10,485 60,435 130,955 1,992 622 176 94 70 150 652 1,332 209 597 2,031 158 918 1,409 407 189 45 24 934 319 387 53 377 1,534 52 256 805 420 356 44 29 252 319 683 177 346 1,638 60 172 434 1,449 721 183 123 1,336 1,290 2,402 439 1,320 5,203 270 1,346 2,648 4,665 2,011 1,407 1,399 3,201 4,624 3,181 707 2,679 15,410 1,690 2,781 4,595 21 27 5 26 23 4 105 37 76 197 22 64 140 8,418 '5,382 4,930 18,730 48,350 747 1,080 902 615 11,404 926 3,123 49 41 25 162 6 148 Cash dividends Stock dividends Total dividends Capital funds 1 Net profits before Expenses to gross dividends to earnings capital funds 80 13 14 117 93 120 540 349 225 7,258 657 1,344 • 18,499 15,395 10,442 213,913 17,546 45,193 Percent 5.84 5.86 5.89 5.33 5.28 6.91 9,505 437 10,373 320,988 5.62 71.30 28,529 1,551 12,140 138 1,452 677 626 583 1,428 2 29,715 3,084 13,955 142 1,520 702 787,413 117,401 456,121 4,615 34,724 22,931 11.31 7.75 6.19 6.24 8.14 6.21 57.14 71.98 68.15 65.52 79.36 75.89 44,487 2,639 49,118 1,423,205 9.20 68.55 1,968 670 524 443 1,589 1,075 1,092 191 885 6,524 612 1,116 1,660 167 19 31 31 125 1 100 2 685 264 91 2 2,156 716 560 469 1,643 1,204 1,198 328 963 7,406 898 1,271 1,802 57,545 26,054 16,219 12,282 37,367 42,201 38,548 8,751 35,598 172,735 16,034 33,858 51,298 8.11 7.72 8.68 11.39 8.57 10.96 8.25 8.08 7.53 8.92 10.54 8.21 8.96 72.74 72.85 73.49 71.73 71.93 70.21 65.14 74.25 75.92 73.44 71.13 72.25 67.04 18,349 1,518 20,614 548,490 8.82 71.77 411 295 186 6,979 558 1,076 Percent 74.48 75.64 78.02 69.15 70.35 76.63 hj O n o g » o o £ § g w o H tt Ö 0 1g o Ohio Indiana Illinois Michigan.. Wisconsin. _ MinnesotaIowa Missouri. __ Total Middle Western StatesNorth DakotaSouth DakotaNebraska Montana Wyoming Colorado New Mexico . Oklahoma Total Western StatesWashington.. Oregon California Idaho Utah Nevada Arizona Total Pacific States. Total United States (exclusive of possessions). 1,480 701 11,302 1,013 570 1,895 348 941 383 342 1,286 416 204 466 96 246 958 1,028 11,713 782 365 547 310 316 2,821 2,071 24,301 2,211 1,139 2,908 754 1,503 12,478 5,548 30,307 8,834 6,467 9,799 3,026 6,538 454 160 167 365 33 56 22 55 3,655 1,287 13,039 2,283 1,506 2,676 601 2,411 877 661 31,913 37 229 205 312 189 4,986 2,108 45,119 2,685 1,768 2,937 935 2,655 155,877 62,333 365,229 88,450 61,188 89,143 29,590 64,743 18,250 3,439 16,019 37,708 1 82,997 1,312 27,458 34,423 63,193 73 60 1,429 343 164 39 635 58 196 35 66 111 147 160 60 116 113 489 126 74 184 201 39 6 72 38 177 234 200 1,724 691 363 105 823 209 862 943 857 4.187 3,493 937 499 2,744 585 5,933 5 10 24 27 3 8 13 7 30 184 171 1,240 1,054 452 219 964 203 1,958 126 121 676 491 5 5 116 6 225 315 302 1,940 1,572 460 232 1,093 216 2,213 2,997 1,297 917 5,211 20,178 127 6,445 1,771 285 762 4,104 128 13 41 191 276 186 3,877 20 6 11 83 544 299 4,502 62 178 22 232 1,105 1,247 12,483 210 197 74 506 6,151 4,285 35, 781 897 978 613 469 53 2 1,457 10 1 1,815 772 15,179 311 310 147 216 5,524 4,459 5,839 15,822 49,174 1,544 18,750 587 65,968 43,072 43,079 152,119 349,704 6,153 124,994 41,375 7 4 25 4 16 10 48 18 168 590 1 30 25 5 2 3 27 96 753 5 363 3 152,215 i 350,457 6,158 125,357 29,034 20,611 51,098 51,376 96 78,394 20,948 129,309 121,053 753 4 27 2,714 3,408 5 Alaska (nonmember banks). The Territory of Hawaii (nonmember bank) Virgin Islands of the United States (nonmember bank) 29 Total possessions (nonmember banks). 40 29 66,008 43,101 43,106 1 • 11,510 8,815 22,287 23,356 40 15,511 790 12,477 14,294 29 2,013 11,006 16,334 13,726 27 Total United States and possessions New York City (central Reserve city).. Chicago (central Reserve city) Other Reserve cities Country banks (member banks) Possessions (nonmember banks),.. 21 72.87 70.45 65.88 71.77 71.24 71.03 67.09 70.94 916,553 9.06 69.15 7,020 7,773 33,315 32,604 9,455 6,669 32,216 5,047 58,602 13.43 11.03 12.57 10.71 9.91 7.48 8.52 11.59 10.12 71.31 72.08 71.43 71.94 74.86 76.84 75.16 78.83 69.18 8,343 192,701 10.47 72.10 1,868 799 16,683 836 311 147 237 52,052 31,541 338,815 8,935 8,902 3,896 5,113 11.82 13.59 10.56 10.04 10.99 15.73 9.17 73.92 70.01 72.14 76.43 71.42 71.06 85.27 20,881 449,254 10.95 72.51 172,522 3,851,191 9.08 70.28 1,071 7,943 15.69 7.43 63.49 80.60 10 238 2 2.10 74.74 371 9,252 8.14 77.97 41,378 172,893 : 3,860,443 9.08 70.30 30,500 2,740 8,135 3 639,835 25,886 262,881 41,174 55,663 1,433,072 49,799 1,515,403 9,252 371 12.25 7.97 9.02 7.99 8.14 64.81 62.86 70.25 73.28 77.97 25 47 515 93 268 25,882 10,647 50,209 38,256 « 363 i Represents aggregate book value of capital stock, surplus, undivided profits, reserves and retirement fund for preferred stock. condition for 4 call dates from Dec. 31, 1942, to Dec. 31, 1943, inclusive. * Deficit. 8.00 8.90 8.30 9.99 10.57 10.99 10.23 10.10 93 268 Figures are averages of amounts from reports of cO Oi TABLE NO. to 3.—Earnings, expenses, and dividends of national banks, &?/ Federal Reserve districts, /or the year ended Dec. [In thousands of dollars] District District District District District District District District District No. 9 No. 8 No. 7 No. 5 No. 4 No. 6 No. 1 No. 3 No. 2 Earnings from current operations: Interest and dividends on securities Interest and discount on loans Service charges and other fees on banks' loans. Service charges on deposit accounts Other service charges, commissions, fees, and collection and exchange charges. Trust department Other current earnings Total earnings from current operationsCurrent operating expenses: Salaries and wages: Officers Employees other than officers Number of officers1 Number of employees other than officers Fees paid to directors and members of executive, discount and advisory committees Interest on time deposits (including savings deposits) Interest and discount on borrowed money. Taxes, including income taxes. Recurring depreciation on banking house, furniture and fixtures Other current operating expenses Total current operating expenses Net earnings from current operations Recoveries and profits: Recoveries on securities Profits on securities sold or redeemed Recoveries on loans All other Total recoveries and profits. — District District District No. 12 No. 10 No. 11 Nonmember banks Grand total 31,284 23,743 106,750 55,396 38,540 24,627 37,087 24,162 22,048 17,683 26,176 20,143 92,001 46,987 17,884 15,195 16,830 12,748 21,167 22,931 20,426 23,453 72,112 77,656 1,764 873 504,069 365,597 466 3,192 1,329 6,962 292 2,635 485 3,198 157 3,016 159 4,061 1,694 7,825 159 1,883 241 2,251 183 4,194 128 3,539 1,248 10,578 3 260 6,544 53,594 1,634 2,839 5,863 2,804 6,810 11,790 1,062 1,714 4,129 1,398 2,454 5,656 1,438 1,396 2,321 3,830 1,540 5,131 3,589 7,800 9,591 2,000 605 2,098 3,127 1,240 2,281 1,894 1,347 4,048 2,089 824 5,116 4,583 5,736 9,586 495 2 99 29,943 34,307 67,709 69,021 191,841 72,999 74,440 48,059 61,040 169,487 39,824 38,718 55,764 55,575 181,499 7,543 12,540 1,473 18,320 36,105 3,088 7,445 11,228 2,019 8,142 12,226 2,012 5,807 8,091 1,473 6,512 10,473 1,492 15,679 31,098 2,947 4,945 6,512 1,361 5,399 6,579 1,491 8,725 9,622 2,484 8,177 9,834 2,174 17,628 39,001 3,774 434 765 63 114,756 194,074 25,851 7,874 20,186 7,242 7,693 5,658 7,473 18,968 4,940 4,818 7,023 7,195 22,022 367 121,459 3,496 1,061,763 504 1,014 950 511 367 301 620 258 300 338 313 392 14 5,882 4,720 10,463 8,145 7,716 4,587 3,859 12,971 2,856 3,650 2,603 1,819 20,457 760 84,606 7 9,172 83 24,032 g 8,303 g 9,274 4 7,522 4 37 * 21,223 7,052 10 4,972 2 3,634 3 6,207 2 7,923 3 21,938 312 169 131,564 1,706 12,776 4,065 36,536 1,898 11,437 2,091 13,172 1,062 8,433 1,713 12,688 2,687 30,338 834 7,762 720 7,546 1,344 11,137 1,353 11,471 4,241 27,932 75 366 23,789 191,594 48,968 130,618 49,414 53,138 35,873 42,635 114,620 28,149 27,830 39,979 40,892 131,592 2,726 20,053 61,223 23,585 21,302 12,186 18,405 54,867 11,675 10,888 15,785 14,683 1,768 3,946 3,961 1,755 33,570 21,523 15,865 2,610 3,836 5,118 2,338 1,213 3,004 2,768 2,943 1,217 1,487 1,913 1,543 1,478 584 2,987 1,604 1,238 6,431 5,924 7,702 4,115 1,040 2,115 1,410 830 2,059 689 3,107 869 2,665 1,679 3,178 1,009 989 1,365 3,040 1,749 11,430 I 73,568 12,505 9,932 6,421 ! 6,413 I 24,172 5,395 6,724 8,531 1 7,143 49,907 | 2,207 4,085 6,156 2,582 15,030 j 746,434 770 315,329 12 10 53 4 59,652 54,122 52,900 20,669 79 187,343 Losses and charge-offs: On securities On loans _ All other Total losses and charge-offs Net profits before dividends. _ Dividends: On preferred stock On common stock: Cash dividends Stock dividends. Total dividends Number of banks 1 Loans Securities ZZZZZZZZZZZZZI Capital stock (par value) Capital funds Ratios to gross earnings: Interest and dividends on securities.. Interest and discount on loans Service charges on deposit accounts.. All other current earnings Total gross earnings Salaries, wages and fees Interest on time deposits All other current expenses. Total current expenses Net current earnings Ratios to loans: Interest and discount on loans Recoveries on loans. Losses on loans Ratios to securities: Interest and dividends on securitiesRecoveries on securities Profits on securities sold Losses on securities Ratios to capital stock (par value): Net current earnings Net profits before dividends Cash dividends. Ratios to capita] funds: Net current earnings Net profits before dividends Cash dividends 4,327 4,833 4,738 13,898 17,585 15,324 18,672 4,134 38,130 96,661 6,564 4,229 4,697 15,490 20,600 4,454 956 2,310 7,720 23,514 381 1,261 573 577 9,389 437 10,207 301 733,917 2,211,139 115,564 312,647 Percent 45.33 34.40 4.62 15.65 100.00 29.83 6.84 34.28 70.95 29.05 29,827 1,194 32,282 565 2,071,879 8,116,950 316,791 880,377 Percent 55.64 28.88 3.63 11.85 100.00 28.90 5.46 33.73 68.09 31.91 2,748 3,327 920 2,580 1,403 2,152 5,071 8,059 13.536 1 16,759 171 9,916 5,633 6,919 839 214 1,496 11,328 8,992 6,018 564 337 493 585,753 626,045 409,335 2,031,817 2,322,779 1,454,225 68,071 125,793 130,121 331,831 335,303 165,739 ~Percent ~Percent Percent 45.88 52.79 49.82 36.79 33.74 32.46 6.28 3.61 4.30 11.05 9.86 13.42 100.00 100.00 100.00 26.88 28.05 WW 11.16 10.36 9.54 29.65 32.97 35.42 67.69 74.64 71.38 32.31 28.62 25.36 384 23,080 2,032 13,934 29,046 49,993 654 5,449 17,681 261 32,854 6,094 51,189 26Ô" 537" 538,896 1,500,722 1,697,845 6,352,237 85,104 222,303 185,217 561,106 Percent Percent 42.88 54.28 33.00 27.72 6.65 4.62 17.47 13.38 100.00 100.00 28.32 2797" 6.32 7.65 35.21 32.01 69.85 67.63 30.15 32.37 2,949 2,323 2,306 3,050 872 1,094 1,601 825 725 633 1,682 832 4,454 i 3,963 • 4,869 jI 5,606 13,649 1 19,447 12,616 16,220 175 4,741 728 5,644 3lT 427,234 1,176,408 54,912 131,820 Percent 44.91 38.15 4.73 12.21 100.00 WW 7.17 34.09 70.68 29.32 94 3,754 479 4,327 358" 332,255 1,142,482 53,509 125,252 Percent 43.47 32.93 5.81 17.79 100.00 31.71 9.43 30.74 71.88 28.12 140 6,099 1,595 7,834 637" 526,423 1,553,553 77,528 190,641 Percent 37.96 41.12 7.52 13.40 100.00 33.50 4.67 33.52 71.69 28.31 199 6,856 691 7,746 Ì73" 563,384 1,425,905 77,758 182,231 Percent 36.75 42.20 6.37 14.68 100.00 32.97 3.27 37.34 73.58 26.42 5,516 4,458 5,839 15,813 4% 124 _ 1,544 40 29 27 96 753 66,008 43,101 43,106 152,215 350,457 5 6,158 18,730 363 125,357 587 3 41,378 20,861 371 172,893 W 6 5,046 1,742,023 17,081 10,074,947 4,864,488 105,657 34,455,485 3,800 1,508,170 176,916 9,252 3,860,443 449,027^ Percent Percent Percent 47.48 50.46 39.73 34.43 24.97 42.79 5.05 7.44 5.83 13.04 17.13 11.65 100.00 100.00 100.00 3L42~ 29.64 34~6T 7.97 11.27 21.74 32.69 21.54 29.81 72.50 77.97 70.30 29.70 27.50 22.03 3.24 .54 .66 2.67 .77 .90 4.20 .40 .72 3.86 .47 .15 4.32 .38 .22 3.74 .30 .48 3.13 .51 .14 3.56 .33 .20 3.84 .94 .25 4.36 .60 .21 4.16 .54 .28 4.46 .35 .26 5.11 .31 .17 3.63 .53 .43 1.41 .08 .18 .20 1.32 .41 .27 .19 1.90 .19 .25 .32 1.60 .13 .12 .19 1.52 .10 .13 .19 1.54 .03 .18 .20 1.45 .10 .09 .21 1.52 .09 .18 .25 1.47 .18 .06 .20 1.36 .17 .11 .20 1.43 .07 .10 .16 1.48 .05 .08 .11 1.67 .01 .01 .04 1.46 .17 .16 .19 17.35 15.22 8.45 19.33 30.51 9.81 18.75 16.38 8.34 16.37 18.07 5.76 17.90 19.89 8.53 21.63 19.69 6.85 24.68 22.49 8.25 21.26 22.97 8.95 20.35 25.51 7.19 20.36 25.08 8.05 18.88 20.86 9.07 28.21 27.77 11.46 20.26 19.82 9.68 20.91 23.24 8.72 6.41 5.62 3.12 6.95 10.98 3.53 7.11 6.21 3.16 6.35 7.01 2.24 7.35 8.17 3.50 9.94 9.05 3.15 9.78 8.91 3.27 8.86 9.57 3.73 8.69 10.90 3.07 8.28 10.20 3.27 8.06 8.90 3.87 11.11 10.94 4.52 8.32 8.14 3.98 8.17 9.08 3.41 * Number at end of year. Remainingfiguresinclude earnings, expenses, etc., of those banks which reported for thefirsthalf of the year only. NOTE.—The figures of loans, securities, capital stock, and capital funds are averages of the amounts reported for each call date in the current year and thefinalcall date in the preceding year. fcO TABLE N O . 4.—Earnings, expenses, and dividends of national banks, &?/ SIZE 0 / banks, for the year ended Dec. SI, to 00 TOTAL UNITED STATES A N D POSSESSIONS [In thousands of dollars] Banks operating throughout entire year1 with deposits on Dec. 31,1943, of— $600,000 $500,001 $750,001 $1,000,001 $2,000,001 $5,000,001 and to to to to to under2 $750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 Number of banks Total deposits3 Capital stock, par value3. Capital funds3 Earnings from current operations: Interest and dividends on securitiesInterest and discount on loans Service charges and other fees on banks' loans Service charges on deposit accountsOther service charges, commissions, fees, and collection and exchange charges ... Trust department Other current earnings Total earnings operations from current Current operating expenses: Salaries and wages: Officers Employees other than officers.. Fees paid to directors and members of executive, discount and advisory committees.... Interest on time deposits (including savings deposits) Interest and discount on borrowed money Taxes, including income taxes. Recurring depreciation on banking house, furnit liture and fixtures. Other current operating expenses.... Total current operating expenses. Net earnings from current operations . . . 254 97,035 8,216 13,689 376 235,463 15,582 28,115 778 1,637 2,014 3,411 2,985 4,537 17,083 22,318 11 155 29 351 32 561 150 361 3 2,830 191 1,434 400 1,365 347,647 1,972,716 4,452,044 18,454 158.853 85,777 36,870 376,074 185,237 $10,000,001 $25,000,001 $50,000,001 $100,000,001 $500,000,001 to to to to $25,000,000 $50,000,000 $100,000,000 $500,000,000 4,062,730 129,881 319,945 354 5,378,847 156,976 364,794 107 3,741,892 90,739 225,147 74 5,245,758 115,642 39,811 42,013 36,745 31,599 45,869 36,004 30,656 21,065 217 3,042 388 7,540 310 6,675 483 8,720 539 7 2,438 162 2,188 4,222 730 5,231 3,279 1,950 5,474 6,435 9,029 47,448 99,935 1,621 498 2,166 784 9,622 5,189 16,758 14,139 and over i Total 14,482,306 307,615 831,376 10 20,028,279 440,186 1,280,915 5,032 60,044,717 1,527,921 3,951,225 41,435 29,185 115,831 70,292 170,221 103,006 503,428 365,067 385 4,564 308 4,435 1,297 8,617 3,077 8,775 6,537 53,435 3,303 3,108 7,442 1,731 2,301 5,503 2,786 3,542 6,695 6,197 9,552 13,557 4,871 12,862 20,789 29,877 34,217 67,612 86,032 104,929 66,205 225,343 323,601 1,060,173 11,971 14,852 12,795 20,547 7,326 13,219 19,026 45,618 61,745 114,528 193,782 n O o w tel o O K o g w o^ 1-3 45 9,074 17,000 101 155 745 1,342 852 810 376 379 618 453 5,876 1,146 6,344 12,826 10,402 10,593 4,943 5,898 13,286 17,853 84,391 779 7 4,107 6 8,924 13 7,447 6 9,871 29 54 16 30,395 37 50,163 169 131,455 1,701 13,729 2,061 5,725 53,000 23,763 191,248 1 11,628 85 514 180 1,142 257 1,498 1,283 7,912 2,875 16,810 2,400 15,639 2,611 20,212 17,823 4,585 42,969 2,201 4,914 6,786 35,209 73,680 63,576 77,445 48,659 63,917 156,513 I 212,312 I 745,212 1,521 I 2,243 I 12,239 27,484 17,546 j 24,469 68,830 i 111,289 j 314,961 629 6,255 I 1,456 I tei O 820 253 w d g d Recoveries and profits: Recoveries on securities Profits on securities sold or redeemed Recoveries on loans All other 44 180 246 1,539 3,203 3,119 3,657 1,935 2,279 6,613 36,697 59,512 67 218 50 171 383 135 226 484 185 1,470 2,350 1,006 3,971 4,407 2,213 3,699 3,752 2,246 4,515 4,421 2,329 3,633 2,751 1,182 5,204 2,292 1,500 8,549 10,544 5,231 22,522 21,197 4,556 54,027 52,799 20,633 Total recoveries and profits 379 869 1,141 6,365 13,794 12,816 14,922 9,501 11,275 30,937 84,972 186,971 74 159 104 165 265 163 253 368 216 2,123 1,781 1,441 5,350 3,374 3,251 5,545 2,797 3,292 6,536 3,312 3,048 3,057 1,863 2,555 4,706 1,825 1,687 16,462 6,960 7,601 21,537 20,355 19,723 65,808 43,059 43,081 337 593 837 5,345 11,975 11,634 12,896 7,475 8,218 31,023 61,615 151,948 671 1,797 2,547 13,259 28,074 23,638 29,510 19,572 27,526 68,744 134,646 349,984 22 39 69 277 554 845 934 321 779 1,239 1,067 6,146 281 74 647 182 951 130 4,744 857 9,769 1,712 7,510 1,852 8,601 2,854 5,626 1,524 7,023 1,205 24,521 750 55,622 30,000 125,295 41,140 377 868 1,150 5,878 12,035 10,207 12,389 7,471 9,007 26,510 86,689 172,581 11 9 2 3 17 13 4 5 23 17 6 6 35 26 9 10 70 52 18 20 146 108 38 40 296 219 77 83 619 455 164 183 1,194 864 330 372 3,266 2,268 998 996 32,360 21,231 11,129 13,465 211 148 63 70 $0.65 .69 $0.65 .76 $0.65 .73 $0.62 .67 $0.59 .63 $0.55 .58 $0.51 .55 $0.47 .52 $0.47 .52 $0.48 .47 $0.56 .67 $0.52 .58 4.59 4.90 2.21 5.41 6.39 2.44 6.08 6.91 2.77 6.61 7.16 2.71 6.98 7.47 2.74 7.02 7.39 2.61 7.53 8.09 2.61 7.79 8. 69 2.64 8.46 9. 52 2.70 8.28 8.27 3.10 8.69 10. 51 4.43 7.97 8.86 3.33 Number of officers at end of pe; iod Number of employees other than officers at end of period 516 874 1,061 3,992 5,525 3,005 2,512 1,187 1,396 2,575 3,139 25,782 324 666 948 5,066 11,234 10,696 14,019 8,802 11,050 26,521 31,789 121,115 Net profits before dividends to Rross earnings Percent 23.71 Percent 27.92 Percent 28.21 Percent 27.94 Percent 28.09 Percent 27.48 Percent 28.12 Percent 29.56 Percent 31.14 Percent 30. 51 Percent 41.61 Percent 33.01 o H Excludes 2 banks with no deposits. Includes 21 banks with deposits of less than $250,000 each, a size group classification published separately in the previous year. 3 The deposits, capital stoc v , ani capital funds shown in this table are as of end of period. The latter represents the aggregate book value of capital stock, surplus, undivided profits, reserves and retirement fund for preferred stock. fcO CD Losses and charge-offs: On securities On loans All other Total losses and charge-ofTs Net profits before dividends Dividends: On preferred stock On common stock: Cash dividends Stock dividends Total dividends Average per bank: Gross earnings from current operations Current operating expenses Net earnings from current orerations Net profits before dividends Per $100 of deposits: Net earnings from current operations Net profits before dividends Per $100 of capital funds: Net earnings from current operations Net profits before dividends Cash dividends . hj O n o^ H w fej 0 1 w 0 1w o w tei o d 1 2 30 EE TABLE NO. PORT OF THE COMPTROLLER OF THE CURRENCY 5.—Earnings, expenses, and dividends of national banks, years ended Dec. 81, 1942 and 1948 [in thousands of dollars. Figures for previous years, beginning 1917, published in reports for 1938, p. 100; 1940, p. 17, and 1942, p 34] 1943 1942 Number of b a n k s . . . - - Capital stock, par value 5,087 5,046 1,504,841 3,738,355 1,532,096 3,959,442 Amount Earnings from current operations: Interest and dividends on securities Interest and discount on loans Service charges and other fees on banks' loans Service charges on deposit accounts Other service charges, commissions, fees, and collection and exchange charges Trust department. Other current earnings Total earnings from current operations Current operating expenses: Salaries and wages: Employees other than officers Number of employees other than officers2 Fees paid to directors and members of executive, discount, and advisory committees Interest on time deposits (including savings deposits) Interest and discount on borrowed money Taxes, including income t a x e s — Recurring depreciation on banking house, furniture, and fixtures.. Other current operating expenses Total current operating expenses.. Percent to total Amount 354,306 432,388 5,626 46,429 36.80 44.91 .58 4.82 504,069 365,597 6,544 53,594 47.47 34.43 .62 5.05 24,416 32,981 66,691 2.54 3.42 6,93 29,943 34,307 67,709 2.82 3.23 6.38 962,837 100.00 1,061,763 100.00 111,937 179,532 25,367 114,923 16.11 25.83 114,756 194,074 25,851 121,459 15.37 26.00 5,822 .84 5,882 .79 89,867 64 99,944 12.93 .01 14.38 84,606 169 131,564 11.33 .02 17.63 24,280 183, 588 3.49 26.41 23,789 191,594 3.19 25.67 695,034 100.00 746,434 100.00 267,803 Net earnings from current operations Recoveries and profits: Recoveries on securities. Profits on securities sold or redeemed Recoveries on loans All other Total recoveries and profits Losses and charge-offs: On securities On loans All other Total losses and charge-offs 315,329 36,170 30,474 40,659 14,283 29.75 25.06 33.44 11.75 59, 652 54,122 52,900 20,669 31.84 28.89 28.24 11.03 121,586 100.00 187,343 100.00 73,253 43,134 29,659 50.16 29.53 20.31 66,008 43,101 43,106 43.36 28.32 28.32 146,046 100.00 152,215 100.00 243,343 Net profits before dividends Dividends: On preferred stock On common stock: Cash dividends Stock dividends Total dividends 350,457 6,683 6,158 121,177 8,944 125,357 41,378 136,804 172,893 Percent 30.88 9.33 31.98 Ratios to gross earnings: Salaries, wages, and fees Interest on time deposits All other current expenses Total current expenses 72.19 Net current earnings.. 27.81 I — Ratio of cash dividends to capital stock (par value) Ratio of cash dividends to capital funds Percent to total 1 J Percent 29.64 7.97 32.69 | 70.30 29.70 8.50 | I 8.58 3.42 ! 1 3.32 1 Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement account for preferred stock. 2 Number on pay roll at end of period. NOTE—The number of banks, capital stock and capital funds used in this table are as of end of period; but figures of earnings, expenses, etc., include those of first six months for banks which were inactive at close of year. TABLE NO. 6.—Number of national banks, capital stock, capital funds, net profits, dividends and ratios, years ended Dec. 31, 1929-43 [In thousands of dollars. Figures for previous years published in report for 1938, p. 115] Capital stock (par value) » Number of banks 1929. 1930. 1931. 1932. 1933. 1934. 1935. 1936. 1937. 1938. 1939. 1940 1941. 1942. 1943 7,408 7,038 6,373 6,016 * 5,159 4 5,467 5,392 5,331 5,266 5,230 5,193 5,150 5,123 5,087 5,046 Preferred 92,469 349,470 510,511 447,501 305,842 267,495 241,075 204,244 182,056 156,739 135,713 Common 1,650,574 1,724,028 1,680,780 1,597,037 1,507,834 1,359,573 1,280,813 1,259,027 1,285,946 1,310,243 1,320,446 1,328,071 1,341,398 1,354,384 1,372,457 Total 1,650,574 1,724,028 1,680,780 1,597,037 1,600,303 1,709,043 1,791,324 1,706,528 1,591,788 1,577,738 1,561,521 1,532,315 1,523,454 1, 511,123 1,508,170 Dividends Capital funds 12 3,754,398 3,919,950 3,753,412 3,323, 536 2,981,678 2,982,008 3,084,092 3,143,029 3, 206,194 3,281,819 3,380,749 3,463,862 3,596,865 3,684,882 3,860,443 Net profits before On predividends ferred stock 291,944 158,411 3 54,550 s 164,737 3 286,116 3 153,451 158,491 313,826 228,021 198,649 251,576 241,465 269, 295 243,343 350,457 i Figures for capital stock and capital funds are averages of amounts from reports of condition for all calls made in each year and the last call made in the preceding year; I. e., from December to December, inclusive. 558 10,103 18,862 18,166 11,532 9,378 8,911 8,175 7,816 6,683 6,158 Ratios On common stock Cash 226,662 211,272 193,196 135,381 71,106 80,915 94,377 101,850 110,231 113,347 122,267 125,174 124.805 121,177 125,357 Stock 21,235 5,015 827 560 1,207 4,409 16,019 26,572 19,795 8,309 12,009 14,965 8,944 41.378 Cash dividends on preferred stock to preferred capital Percent .60 2.89 3.69 4.06 3. 77 3.51 3.70 4.00 4.29 4.26 4.54 Cash dividends on common stock to common capital Total cash dividends to capital funds Percent 13.73 12.25 11.49 8.48 4.72 5.95 7.37 8.09 8. 57 8. 65 9.26 9.43 9.30 8.95 9.13 Percent 6.04 5.39 5.15 4.07 2.40 3.05 3.67 3.82 3.80 3.74 3.88 3.85 3.69 3.47 3.41 Net profits before dividends To capital stock To capital funds Percent 17.69 9.19 3 3.25 310.32 317.88 3 8.98 8.85 18.39 14.32 12.59 16.11 15.76 17. 68 16.10 23. 24 Percent 7.78 4.04 3 1.45 3 4.96 3 9.60 3 5.15 5.14 9.98 7.11 6.05 7.44 6.97 7.49 6.60 Represents aggregate of capital stock, surplus, undivided profits, aud reserves Deficit. ^Licensed banks, i. e., those operating on an unrestricted basis. 2 3 8 n O o H w H o O S o 5 w 0 H w a d g 1 ÖJ a cc 7.—Notional-bank investments in U. S. Government securities and other bonds and securities, loans and discounts (including 00 to overdrafts), an<h losses charged off on account of bonds and securities and loans and discounts, years ended Dec. 81, 1929-48 TABLE NO. [In thousands of dollars. Figures for previous years published in report for 1938, p. 113] W tì »Ti Percentage of losses charged off— U. S. Government securities1 1929.. 1930.. 1931.. 1932.. 1933.. 1934.. 1935.. 193619371938.. 19391940.. 1941.. 1942 . 1943- 2,845,261 2,712,172 3,113,913 3,488,174 4,093,314 5,866,033 7,311,843 8,182,752 8,285,714 8,266,999 8,774,784 9,227,258 10,937,077 .15,902,368 30,976,030 Other bonds and securities i 3,906,407 4,111,428 4,346,085 3,868,027 3,486,875 3,419,850 3, 575,737 3,899,553 3,942,442 3,719,867 3,775.196 3,815,824 3,883,710 3,757,470 3,479,455 Total bonds and securi- 6,751,668 6,823,600 7,459,998 7,356,201 7,580,189 9,285,883 10,887,580 12,082,305 12,228,156 11,986,866 12,549,980 13,043,082 14,820,787 19,659,838 34,455,485 Loans and discounts (including overdrafts)1 15,020,482 14,749,952 13,139,634 10,496,358 8,583,467 7,767,047 7,434,095 7,744,609 8,593,056 8,513,452 8,667,826 9,327, 731 10,919,954 11,105,924 10,074,947 charged off on bonds and securities 63,390 71,399 184,305 184,797 244,924 206,740 116,309 91,764 92,343 115,281 109,378 107,960 92,134 73,253 66,008 charged off on loans and discounts 93,720 135,294 212,770 261,567 305,234 299,189 160,121 154,614 71,844 80,290 67,171 58,249 51,989 43,134 43,101 On bonds and securities to total bonds and securities 0.94 1.05 2,47 2.51 3.23 2.23 1.07 .76 .76 .96 .87 .83 .62 .37 .19 O On account loans and discounts to total loans and discounts 0.62 .92 1.62 2.49 3.56 3.85 2.15 2.00 .84 .94 .77 .62 .48 .39 .43 i Figures for securities and loans and discounts are averages of amounts from reports of condition for all calls made in each year and the last call made in the preceding year; , December to December, inclusive. S O 0 1 I 1 0 w o Stel 0 1tei o «i 33EEPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 8.— Foreign branches of American national banks, Dec. 81, 1948 NATIONAL CITY BANK OP NEW YORK, N . Y . — C o n . Canal Zone: Balboa. Cristobal. Chile: Santiago. Valparaiso. Columbia: Barranquilla. Bogota. Medellin. Cuba: Caibarien. Cardenas. Habana. Habana (Cuatro Caminos). Habana (Galiano). Habana (La Lonja). Manzanillo. Matanzas. Santiago de Cuba. England: London. London (West End). India: Bombay. Mexico: Mexico City. Panama: Panama City. Peru: Lima. Puerto R i c o : Arecibo. Bayainon. Caguas. Mayaguez. Ponce. San Juan. Uruguay: Montevideo. Venezuela: Caracas. BANK OF AMEBICA NATIONAL TRUST AND SAVINGS ASSOCIATION, SAN FRANCISCO, CALIF.: England: London. FIRST NATIONAL BANK OF BOSTON, MASS.: Argentina: Avellaneda. Buenos Aires. Buenos Aires (Alsina). Buenos Aires (Constitución). Buenos Aires (Once). Rosario. Cuba: Cienfuegos. Habana. Habana (Avenida de Italia). Habana (Avenida Maximo Gomez). Saneti Spiritus. Santiago de Cuba. CHASE NATIONAL BANK OF NEW YORK, N . Y . : Canal Zone: Balboa. Cristobal. Cuba: Habana. England: London (Berkeley Square). London (Bush House, Aldwych). London (Lombard). Panama: Colon. Panama C i t y . Puerto R i c o : San Juan. NATIONAL CITY BANK OF N E W Y O R K , N . Argentina: Buenos Aires. Buenos Aires (Flores). Buenos Aires (Plaza Once). Rosario. Brazil: Pernambuco. Rio de Janeiro. Y.: Sao Paulo. NOTE.—Consolidated staten ect of the assets and liabilities of the above-named branches as of Dec. 31, 1943, appears in tne following taole. TABLE N O . 9. Consolidated statement of assets and liabilities of foreign branches of national banks, Dec. 81, 1948 Number of branches [In thousands of dollars] 60 ASSETS Loans and discounts, including overdrafts Securities — — Currency and coin Balances with other banks and cash items in process of collection Due from home office and branches Real estate, furniture and fixtures Customers' liability on account of acceptances Other assets Total assets - — - 129,055 109,478 103,846 123,838 164,219 4,503 4,014 3,834 642,787 LIABILITIES Demand deposits of individuals, partnerships, and corporations .Time deposits of individuals, partnerships, and corporations Deposits of U . S. Government (including Postal Savings) State and municipal deposits Deposits of banks Other deposits (certified and cashiers' checks, etc.) Total deposits Due to home office and branches Bills payable and rediscounts Acceptances executed by or for account of reporting branches and outstanding Other liabilities Total liabilities - - 362,068 65,463 40,113 56,849 70,969 8,478 60S, 9*0 28,067 700 4,165 —. 4» 463 641,335 CAPITAL ACCOUNTS Undivided profits, including reserve accountsTotal liabilities and capital accounts _ NOTE.—For location of foreign branches see preceding table. 1,452 642; 787 34 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 1 0 . — Total number of National banks organized, consolidated under act Nov. 7, 1918, as amended, insolvent, in voluntary liquidation, and in existence on Dec. 31, 1943 TABLE Maine New Hampshire Vermont -Massachusetts Rhode island Connecticut - 312 53 16 43 1 4 410 222 667 13 63 9 2,885 117 424 960 1,384 248 190 149 120 181 139 172 76 102 1,165 144 245 205 17 11 4 6 8 1 2 4 3 32 1 9 7 28~ 38 44 43 42 42 45 16 16 140 39 37 36 73 64 57 49 84 41 59 34 53 554 53 105 93 130 77 44 22 47 55 66 22 30 439 51 94 69 3,136 105 566 1,319 1,146 691 434 872 314 271 485 544 290 24 11 15 10 9 6 4 9 112 98 227 77 54 116 204 58 314 200 285 152 111 178 235 141 241 125 345 75 97 185 101 82 3,901 88 946 1,616 1,251 259 219 402 447 193 59 218 82 739 3 12 1 4 3 12 100 93 83 76 76 12 55 25 84 114 . 78 189 190 73 21 82 35 443 42 36 129 177 41 26 78 22 200 j 2,618 38 604 1,225 751 17 2 12 ! 221 148 509 110 38 17 31 3 1 1 51 30 64 35 6 4 6 112 90 340 59 17 6 19 41 26 93 16 12 6 5 ! 1,074 36 196 643 199 1 4 1 4 1 6 6 3 6,199 5,049 - r - - Total Middle Western States - - - Total Western States Washington Oregon California Idaho Utah Nevada Arizona - Total Pacific States Alaska Territory of Hawaii Puerto Rico Virgin Islands Total possessions Total United States and possessions 35 52 39 124 11 51 399 120 355 16 59 11 -- North Dakota South Dakota Nebraska Kansas Montana -Wyoming Colorado New Mexico Oklahoma - -- 849 74 21 28 197 52 58 430 Total Southern States.. Ohio -Indiana Illinois.. Michigan Wisconsin _ Minnesota Iowa Missouri 21 2 4 13 5 17 28 2 7 72 - -- 5 2 In existence 129 59 211 1 17 7 -- --- 127 80 85 370 67 120 In liquidation 35 Total Eastern States Virginia . . West Virginia North Carolina South Carolina.. Georgia.. Florida - .. Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee Insolvent 991 417 1.276 30 140 31 Total New England States New York New Jersey Pennsylvania Delaware . Maryland District of Columbia Consolidated under act Nov. 7, 1918 Organized States i 3 1 5 6 j 1 1 13 1 j ! 1 14,476 I 1 1 420 1 ! 2 2,808 i 1 11ncludes 456 organized under act of Feb. 25. 1863, 9,258 under act of June 3, 1864, as amended, 10 under Gold Currency Act of July 12,1870, and 4,752 under act of Mar. 14» 1900. 2 Exclusive of those restored to solvency. 3 Includes 208 passed into liquidation upon expiration of corporate existence. 35 EE PORT OF THE COMPTROLLER OF THE CURRENCY Number and authorized capital stock of national banks chartered and the number and capital stock of national banks closed in each year ended Oct. 81, from 1985 to 1941, inclusive, for the fourteen month period from Nov. 1, 1941, to Dec. 81, 1942, inclusive, and for the year ended Dec. 81, 1948 TABLE NO. 11.— Closed Chartered Year No.j 1935 1936 1937 1938 1939 1940 1941 1942 1943 Capital 49 $7,780,000 20 2,465,000 29 5,355,000 8 875,000 19 2,925,000 19 3, 282,000 15 5, 545,000 9 1,177,089 12 2,175,000 Consolidated under act Nov. 7,1918 No. 13 3 8 3 1 4 6 1 1 Loss to capital In voluntary liquidation No. Capital Insolvent No. 1 $447,100 189 $19,615,250 1 215,00C 76 7,680,000 1 302,875 98 11,049, 540 47 4,550,500 1 2 75,000 56 7,066,000 1 582,500 53 5,178,250 1 25,000 41 5,319,180 1 42,000 48 6,604,100 50 3 5,129,155 Capital 25 $4,305,020 6 10,200, OoO 11 1,987,150 50,000 2 745,000 6 3 2 2 4 282,000 160,000 650,000 Net yearly increase (exclusive of existing banks increasing their capital) Net yearly decrease (exclusive of existing banks decreasing their capital) No. No. Capital Capital i 158 $14. 827. 370 59 5,230,000 82 7, 269,565 43 3, 700,500 42 4,436,000 38 2,478, 750 35 81,180 42 5,629,011 41 3, 604,155 1 Amount of capital reductions incident to consolidations. 2 Preferred capital stock reductions. 3 Includes $966,980 preferred capital stock. 4 Includes $25,000 preferred capital stock. TABLE NO. 12.—National banks chartered during the year ended Dec. 81, 1948 Capital stock Charter No. Title Common FLORIDA 14472 American National Bank of Miami $400,000 ILLINOIS 14466 14467 14469 14470 14471 14474 14475 Farmers National Bank of Griggsville._ University National Bank, Chicago Metamora National Bank, Metamora— First National Bank of Maywood Riverside National Bank, Riverside National Bank of Austin, Chicago Lake Shore National Bank, C h i c a g o — 50,000 300,000 50,000 125,000 100,000 200,000 400,000 1,225,000 Total INDIANA 14468 400,000 Gary National Bank, Gary OHIO 14473 The First National Bank of Nelsonville 50,000 OREOON 14465 50,000 First National Bank in Vale TEXAS 14476 First National Bank of Grand Saline... Total United States (12 banks)... 50,000 2,175,000 I Preferred EE PORT OF THE COMPTROLLER OF THE CURRENCY 36 TABLE Charter No. 14465 14467 14468 14471 14472 14473 14474 14475 No. 13.—National banks chartered which are conversions of State banks during the year ended Dec. 81, 1948 Title and location First National Bank in Vale .. University National Bank, Chicago. Gary National Bank, Gary Metamora National Bank, Metamora _ Riverside National Bank, Riverside American National Bank of Miami The First National Bank of Nelsonville National Bank of Austin, Chicago Lake Shore National Bank, Chicago.._ State Date of charter OregonIllinois. . Indiana. Illinois.. do... Florida. Ohio Illinois.. ..-do... 1943 Jan. 11 Apr. 30 Aug. 17 Aug. 24 Sept. 30 Oct. 14 Oct. 14 Nov. 26 Nov. 30 ApproxiAuthor- mate sur- Approxiplus and mate ized capital undivided assets profits $50,000 300,000 400,000 50.000 100,000 400,000 50,000 200,000 400,000 Total (9 banks) — 1,950,000 $41,107 364,793 1,141,143 40, 566 100,189 319,660 71,065 272,822 580,621 $1,138,093 9,777,826 31,174,223 970,765 5,194,108 11,565,388 926,392 12,537,577 29,158,092 2,931,966 102,442,464 No 14.—National banks reported in liquidation during the year ended Dec. 81, 1948, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital TABLE Name and location of bank The National Bank of Port Byron, N. Y . (12592), absorbed by Auburn Trust Co., Auburn, N. Y The Jerome National Bank, Jerome, Idaho (11135), absorbed by First Security Bank of Idaho, National Association, Boise, Idaho The Union National Bank of Wilmington, Del. (1390), absorbed by Wilmington Trust Co First National Bank of Fawn Grove, Pa (9385), absorbed by The York National Bank & Trust Co., York, Pa The First National Bank of Brigham City, Utah (6036), absorbed by First Security Bank of Utah, National Association, Ogden, Utah The Hamilton National Bank of Weehawken, N. J. (12829), absorbed by Commonwealth-Merchants Trust Co., Union City, N . J The National Whaling Bank of New London, Conn. (978) The Pascagoula National Bank of Moss Point, Miss.1 (8593), succeeded by Pascagoula-Moss Point Bank The First National Bank of Etna, Pittsburgh, Pa. (6453), absorbed by Peoples-Pittsburgh Trust Co The First National Bank of Kane, Pa. (5025), absorbed by Kane Bank <fc Trust Co The First National Bank of Bellerose, N. Y. (13234), absorbed by The Franklin Square National Bank, Franklin Square, N. Y . First National Bank in Blair, Okla. (12130), absorbed by The National Bank of Commerce of Altus, Okla The National Bank of Commerce at Hugo, Okla. (12801), absorbed by The Security State Bank, Hugo The American National Bank of Apache, Okla. (12120), absorbed by Anadarko Bank & Trust Co., Anadarko, Okla The First National Bank of Hume, 111. (11108) The First National Bank of Mill Creek, Okla. (7197), absorbed by First State Bank, Tishomingo, Okla The First National Bank of Temecula, Calif. (10556), absorbed by The Citizens National Trust & Savings Bank of Riverside, Calif. The Grange National Bank of Tioga, Pa. (8092), absorbed by The First National Bank of Wellsborough, Wellsboro, Pa The Citizens National Bank of Tobias, Nebr. (13474) The Bliss National Bank, Bliss, N. Y . (10754), absorbed by The Citizens Bank of Arcade, N. Y The City National Bank of Albany, Ga. (13223), succeeded by First State Bank of Albany — Albany Exchange National Bank, Albany, Ga. (5512), succeeded by The Citizens and Southern Bank of Albany The Central National Bank and Trust Company of York, Pa. (9706), absorbed by The York National Bank & Trust Co The First National Bank of Ocilla, Ga. (8580), succeeded by The First State Bank of Ocilla 1 With 1 branch in Pascagoula. Capital Date of liquidation Common , Preferred $25,000 Dec. 31,1942 — .do . 50,000 Jan. 15,1943 203,175 Dec. 31,1942 25,000 Jan. 4,1943 54,000 $46,000 Dec. 31,1942 Feb. 11,1943 150,000 150,000 97,500 Jan. 26,1943 100,000 Feb. 20,1943 150,000 Feb. 11,1943 125,000 125,000 Feb. 23,1943 50,000 85,000 Jan. 30,1943 25,000 Feb. 6,1943 50,000 Mar. 6,1943 Apr. 5,1943 25,000 30,000 Mar. 27,1943 25,000 May 1,1943 25,000 Apr. 30,1943 May 10,1943 25,0C0 25,000 May 24,1943 25,000 May 31,1943 100,000 June 1,1943 do May 31,1943 150,000 250,000 50,000 175,000 37EEPORT OF THE COMPTROLLER OF THE CURRENCY banks reported in liquidation during the year ended Dec. 81, 1948, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital—Continued T A B L E N O . 14.—National Date of liquidation Name and location of bank The Farmers National Bank of Greenville, Ohio (1092), absorbed by The Second National Bank of Greenville The First National Bank of Rondout, Kingston, N. Y. (2493)... The Citizens National Bank of Frankfort, Kans. (11738), absorbed by The First National Bank of Centralis, Kans The First National Bank of Pleasantville, N. Y. (12811), absorbed by County Trust Co. of White Plains, N. Y The Peoples National Bank of East Brady, Pa. (5356), absorbed by The Butler County National Bank & Trust Co. of Butler.. The Wellston National Bank, Wellston, Okla. (12078).. The First National Bank of Stockton, Calif. (2412), absorbed by American Trust Co., San Francisco, Calif The First National Bank of Snohomish, Wash. (3887), absorbed by The First National Bank of Everett, Wash The First and Farmers National Bank of Portland, N. Dak. (13594), succeeded by The First & Farmers Bank, Portland.... The Le Flore County National Bank of Poteau, Okla. (12135), absorbed by The Central National Bank of Poteau.. The Marshall National Bank of Unionville, Mo. (3068) The First National Bank of Monroe, Wash. (9372), absorbed by The First National Bank of Everett, Wash The State National Bank of Grand Saline, Tex. (12745) The First National Bank of Hampton, Nebr. (8285) The Mechanics National Bank of Providence, R. I. (1007), absorbed by Industrial Trust Co., Providence The First National Bank of Lisle, N. Y. (10816), absorbed by The First National Bank of Whitney Point, N. Y The Tradesmen's National Bank of Conshohocken, Pa. (2671), absorbed by The First National Bank of Conshohocken The, Jefferson County National Bank of Watertown, N. Y.» (1490), absorbed by The Watertown National Bank The First National Bank of Biloxi, Miss. (10576), succeeded by First Bank of Biloxi The First National Bank of Benedict, Nebr. (8105), absorbed by The First National Bank of York, Nebr The First National Bank of Butte, Nebr. (9623) The First National Bank of Austin, Pa. (12562), absorbed by The First National Bank of Coudersport, Pa The First National Bank in Fennimore, Wis. (13599), succeeded by The First State Bank, Fennimore The Commercial National Bank and Trust Company of Emporia, Kans. (11781), absorbed by The Citizens National Bank of Emporia The First National Bank of Parker, S. Dak. (3675) The First National Bank of Remsen, Iowa (6975), absorbed by First Trust & Saving Bank, Remsen June 24,1943 July 31,1943 Capital Common $100,000 200,000 June 26,1943 50,000 July 17,1943 200,000 Aug. 28,1943 Sept. 10,1943 130,000 25,000 Sept. 20,1943 200,000 Sept. 25,1943 50,000 Aug. 28,1943 " 25,000 do Sept. 3C1,1943 25,000 30,000 Oct. 2,1943 Oct. 11,1943 Oct. 18,1943 25,000 50,000 30,000 Oct. 23,1943 500,000 do Preferred 25,000 $20,000 30,000 Oct. 30,1943 100,000 Sept. 28,1943 100,000 296,000 Nov. 3,1943 75,000 67,480 Sept. 25,1943 Dec. 1,1943 25,000 25,000 25,000 Dec. 10,1943 50,000 Dec. 4,1943 50,000 Dec. 21,1943 Dec. 9,1943 100,000 25,000 Dec. 27,1943 Total (50 banks). 60,000 4,162,175 I 3 With 1 branch in Watertown. and State banks consolidated during the year ended Dec. 81, 1948, under act Nov. 7, 1918, as amended T A B L E N O . 15.—National Capital stock Common The Home Savings Bank of Columbus, Ga., with and The First National Bank of Columbus, Ga. (No. 2338), which had consolidated Jan. 18, 1943, under charter and title of the latter bank (No. 2338). The consolidated bank at date of consolidation had. National Spraker Bank in Canajoharie, N. Y. (No. 13876), with. and The Canajoharie National Bank, N. Y. (No. 1122), which had... consolidated Oct. 30,1943, under charter of the latter bank (No. 1122) and title "First National Bank of Canajoharie," N. Y. The consolidated bank at date of consolidation had Surplus Undivided profits Preferred Total assets $75,000 $25,000 $35,184 632,602 200,000 114,000 68, 635 238, 740 275,000 139,000 109,685 8,266,278 100,000 100,000 20,659 1,939,998 200,000 200,000 155,356 3,875,036 500,000 200,000 75,654 7,792,479 EE PORT OF THE COMPTROLLER OF THE CURRENCY 38 TABLE NO. Number of domestic branches of national banks authorized during the year ended Dec. 31, 1943 16.— Branches authorized under act Feb. 25,1927, as amended Charter No. Title and location Local Other than local Total HAWAII 5550 Bishop National Bank of Hawaii at Honolulu.. INDIANA 14468 Gary National Bank 13955 2657 First National Bank of New Rochelle The Watertown National Bank. NEW YORK — PENNSYLVANIA 4374 5000 The Butler County National Bank and Trust Company of Butler First National Bank of Wilmerding SOUTH CAROLINA 14425 The Citizens and Southern National Bank of South Carolina, Charleston 1 VIRGINIA 10618 1 National Bank and Trust Company at Charlottesville-.. WASHINGTON 4686 2 The First National Bank of Everett Total (9 banks). TABLE NO. 17.— 12 Number and class of domestic branches of national banks closed during the year ended Dec. 81, 1943 Branches closed Branches under act of Feb. 25, 1927, as amended Charter No. Manner of closing Title and location Additional offices which became branches Feb. 25, 1927 State bank branches in operation Feb. 25, Branches 1927, authorwhich ized were consince verted Feb. 25, or con1927 solidated MISSISSIPPI The Pascagoula National Bank of Moss Point. Shareholders. NEW YORK" 2370 1461 11034 1490 The Chase National Bank of the City of New York. The National City Bank of New York. The Public National Bank and Trust Company of New York. The Jefferson County National Bank of Watertown. Board of Directors. .—do ....do..Shareholders OREGON 1553 The First National Portland. Board of directors. Bank of Bank of do Bank, do PENNSYLVANIA The First National Philadelphia. VIRGIN ISLANDS 14335 Virgin Islands National St. Thomas. Total (8 banks) 12 Total 39EEPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 18.—Assets and liabilities of banks in the District of Columbia, by classes, Dec.' 81, 194$ 1 [In thousands of dollars] Total all banks Number of banks Nonnational banks National banks 22 9 13 26,551 19,129 7,422 250 5 1,167 250 5 521 646 3,292 1,671 1,621 55 35,386 14,394 24 14,342 4,425 31 21,044 9,969 25,659 30 11,145 22 14,514 8 106,789 51,534 55,255 60,471 64,342 69,235 532 30,326 124,699 47,770 9,393 42,382 42,544 54,104 239 19,884 71,358 29,357 3,801 18,089 21,798 15,131 2?3 10,442 53,341 18,413 5,592 406,768 9,491 263,669 4,274 143,099 5,217 416, 259 708 15,260 1,136 331 267,943 318 7,707 491 36 148,316 390 7,553 645 295 433,694 276,495 157,199 23, 548 16,035 7, 513 51,606 32,118 19,488 16 2 14 58 51 8,202 ASSETS Loans and discounts: Commercial and industrial loans (including open-market paper). Loans secured by agricultural commodities, covered directly or indirectly by purchase agreements of Commodity Credit Corporation (including participations in such loans, drafts, etc.)-. Other agricultural loans (including loans secured by livestock).. Loans to brokers and dealers in securities Other loans for the purpose of purchasing or carrying stocks, bonds and other securities Real-estate loans: Secured by farm land (including improvements) Secured by residential properties (other than farm) Secured by other properties Loans to banks . -. All other loans Overdrafts Total loans and discounts Securities: U. S. Government obligations, direct and guaranteed: Direct obligations: Treasury bills Treasury certificates of indebtedness Treasury notes . United States savings bonds Other bonds maturing in 5 years or less Other bonds maturing in 5 to 10 years Bonds maturing in 10 to 20 years Bonds maturing after 20 years Total Obligations guaranteed by United States Government Total Obligations of States and political subdivisions Other bonds, notes, and debentures Stock of Federal Reserve bank Other stocks Total securities _ _ Cash, balances with other banks, including reserve balances, and cash items in process of collection: Cash items in process of collection, including exchanges for clearing house.. Demand balances, excluding reciprocal balances, with banks in the United States (except private banks and American branches of foreign banks) Other balances with banks in the United States (including private banks and American branches of foreign banks) Balances with banks in foreign countries (including balances with foreign branches of other American banks) Currency and coin Reserve with Federal Reserve bank and approved reserve agencies Total cash, balances with other banks, etc Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets ~ Total assets . i Exclusive of the Export-Import Bank of Washington. 13,949 70,020 7 5,747 113,522 202,699 126,428 43,502 76,271 14,816 205 6,657 74 8,159 131 2,100 2,100 715 702 251 341 464 361 761,720 461,780 299,940 EE PORT OF THE COMPTROLLER OF THE CURRENCY 40 TABLE NO. 18—Assets and liabilities of banks in the District of Columbia by classes, Dec. 81, 1948— Continued [In thousands of dollars] Total all banks National banks Nonnational banks LIABILITIES Demand deposits: Deposits of individuals, partnerships, and corporations .. Deposits of United States Government Deposits of States and political subdivisions Deposits, excluding reciprocal balances, of banks in the United States (including private banks and American branches of foreign banks) Deposits of banks in foreign countries (including balances of foreign branches of other American banks). Certified and cashiers' checks (including dividend checks), letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve bank (transit account) Total demand deposits.. Time deposits: Deposits of individuals, partnerships, and corporations Deposits of United States Government Postal savins® Deposits of States and political subdivisions. Deposits of banks in the United States (including private banks and American branches of foreign banks).. _.. Deposits of banks in foreign countries (including balances of foreign branches of other American banks) Total time deposits. Total deposits Bills payable, rediscounts, and other liabilities for borrowed money. Mortgages or other liens on bank premises and on other real estate Acceptances executed by or for account of reporting banks and outstanding Income collected but not earned Expenses accrued and unpaid Other liabilities 455,528 62,531 79 290,172 41,408 73 165,356 21,123 6 38,911 37,097 1,814 385 373 12 8,722 6,446 2,276 566,156 375,569 190,587 141,085 344 27 61,951 79,134 344 2 75 141,531 62,051 79,480 707,687 437,620 270,067 279 1,242 733 45 573 300 234 669 433 438,538 271,403 8,300 8,140 6,146 277 10,400 12,310 4,387 51,779 23,242 28,537 761,720 461,780 299,940 750 17,950 600 7,700 150 10,250 18,700 8,300 10,400 752 600 152 101,245 66,787 34,458 Total liabilities. CAPITAL ACCOUNTS Capital notes and debentures Capital stock (See memoranda below) Surplus.. Undivided profits Reserves and retirement account for preferred stock and capital notes and debentures Total capital accounts Total liabilities and capital accounts.. Par value of capital stock: Preferred stock.. Common stock. 1,819 1,163 MEMORANDA Total Retirable value of preferred stock Pledged assets (and securities loaned): U . S. Government obligations, direct and guaranteed, pledged to secure deposits and other liabilities Other assets pledged to secure deposits and other liabilities (including notes and bills rediscounted and securities sold under repurchase agreement) Assets pledged to qualify for exercise of fiduciary or corporate powers, and for purposes other than to secure liabilities Securities loaned Total Secured liabilities: Deposits secured by pledged assets pursuant to requirements of Borrowings secured by pledged assets, including rediscounts and repurchase agreements Other liabilities secured by pledged assets Total. 277 18,700 20,450 10,533 22 5,673 3,367 106,940 70,176 36,764 73,293 47,016 26,277 73,293 47,016 26,277 41EEPORT OF THE COMPTROLLER OF THE CURRENCY TABLE No. 19.—Earnings, expenses, and dividends of banks in the District of Columbia, years ended Dec. 81, 1948 and 1942 1 [In thousands of dollars] Years ended Dec. 31— National banks Number of banks. . Capital stock, capital notes and debentures Capital funds 3 . . Earnings from current operations: Interest and dividends on securities Interest and discount on loans. Service charges and other fees on banks' loans Service charges on deposit accounts Other service charges, commissions, fees, and collection and exchange charges Trust department Other current earnings Total earnings from current operations Current operating expenses: Salaries and wages: Officers Employees other than officers Number of officers3 Number of employees other than offictrs3 Fees paid to directors and members of executive discount and advisory committees Interest on time deposits (including savings deposits) _. Interest and discount on borrowed money Taxes, including income taxes Recurring depreciation on banking house, furniture, and fixtures Other current operating expenses r osses and charge-offs: On securities On loans... All other _ 1942 1943 9 8,300 23,242 9 8,450 22,668 13 10,677 28,537 13 10,597 28,270 22 18,977 51,779 22 19,047 50,938 3,294 2,156 21 506 2,229 2,682 19 408 2,527 2,705 28 636 1,919 3,105 42 561 5,821 4,861 49 1,142 4,148 5,787 61 969 69 219 355 70 274 310 309 705 727 245 670 732 378 924 1,082 315 944 1,042 6,620 5,992 7,637 7,274 14,257 13,266 808 1,561 776 1,414 803 1,845 812 1,758 1,611 3,406 1,588 3,172 58 108 Total interest and dividends 52 58 620 110 1,511 934 892 865 1,013 1,723 150 1,194 253 1,374 227 1,292 416 2,634 377 2,486 5,024 4,945 5,887 5,904 10,911 10,849 1,596 1,047 1,750 1,370 3,346 2,417 469 488 113 31 199 440 147 77 121 148 184 67 63 45 204 109 590 636 297 98 1,101 863 520 421 1,621 262 485 351 186 1,284 641 133 498 271 112 250 129 104 994 195 113 324 770 237 1,492 466 225 574 633 1.227 632 2,499 1,265 1,277 1,043 1,159 2,468 2. KÌ6 17 6 11 8 17 31 11 38 619 740 163 1,260 1,425 — 1942 m m m 187 m 896 1,186 1,109 2,058 9,004 789 1,272 ! Total losses and charge-ofis Net profits before interest and dividends 1,605 25 30 677 694 755 125 745 25 1,432 125 1,439 25 702 724 903 789 1,605 1,513 Percent Percent Percent Percent Percent Percent 36.71 35.95 35.43 36.13 36.54 37.42 11.39 7.10 8.12 12.26 5.94 i 10.33 33.68 33.48 33.54 32.78 33.41 34.78 Ratios to gross earnings: Salaries, wages, and fees Interest on time deposits All other current expenses 75.89 82.53 77.09 81.17 76.53 81.78 S 24.11 17.47 22.91 18.83 23.47 1 18.22 8.57 3.19 7.29 2.73 7.21 2.70 Total current expenses Net current earnings 1943 50 Recoveries and profits: Recoveries on securities Profits on securities sold or redeemed Recoveries on loans — All other Total recoveries and profits [nterest and dividends: On capital notes and debentures . On preferred stock — On common stock: Cash dividends Stock dividends 1942 393 Total current operating expenses Total 1943 m m Not earnings from current operations Nonnational banks Ratio of interest and caph dividends to capital stock, capital notes and debentures . . .. .. .. i Ratio of interest and cash dividends to camtal funds 8.46 3.02 7.80 2.86 7.81 2.92 1 Excludes the Export-Import Bank of Washington. * Represents aggregate book value of capital, surplus, undivided profits, reserves, and retirement fund for preferred stock, capital notes and debentures. » At end of period. NOTE.—The number of banks, capital stock, capital notes and debentures and capital funds used in this table are as of end of period. 42 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 20.—Summary of assets and liabilities Dec. 31, 1943, and receipts and disbursements in year ended Dec. 31, 1943, of the 26 building and loan associations in the District of Columbia TABLE [In thousands of dollars] Liabilities Amount Assets Real estate loans Stock loans Federal Home Loan Bank stock Other securities Cash and bank balances .. Real estate sold on contract. Office building, furniture and fixtures Other real estate owned Interest accrued, not collected Other assets ... 149,943 210 1,272 14,362 8,418 97 787 68 60 78 Investment shares, unpledged Mortgage pledged shares Incomplete loans Bills payable Other liabilities Total liabilitiesCAPITAL ACCOUNTS Surplus fund Net undivided profits Reserves Total capital accounts. 175,295 Total assets. Total liabilities and capital accounts R E C E I P T S A N D D I S B U R S E M E N T S I N Y E A R E N D E D D E C . 31, 1943 Capital Disbursements Capital Receipts Real estate loans Stock loans Bonds, securities, etc Investment shares, unpledged. Mortgage pledged shares Incomplete loans Bills payable Interest accrued, not collected Other receipts Total capital receipts . EARNINGS Interest on loans Commission on loans Premium on loans Fees and fines Commission on insurance Rent received Profit on sale of assets Recoveries on charged off assets. Other earnings Total earnings. Cash and bank balances beginning of period: Grand total. 42,697 231 2,597 29,954 1,917 4,103 2,334 4,215 4,264 92,302 8,085 12 4 26 55 43 27 1 183 8,436 6,044 106,782 Amount Real estate loans Stock loans Bonds, securities, etc.. Investment shares, unpledged Mortgage pledged shares. Incomplete loans Bills payable Interest accrued, not collected Other disbursements Total capital disbursements EXPENSES Salaries and fees paid officers and directors Salaries paid employees Taxes and insurance Rent paid... Interest on borrowed money Dividends Losses and depreciation charged off Other expenses Total expenses Cash and bank balances at end of period. Grand total.. NOTE.—Number of borrowing members, 38,357, nonborrowing, 112,513. Number of associations members of Federal Home Loan Bank System, 19. Number of associations with shares insured by the Federal Savings and Loan Insurance Corporation, 8. 43 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 21.—Summary of assets and liabilities Dec. 81, 1948, and receipts and disbursements in year ended Dec. 81, 1948, of the 28 District of Columbia credit unions TABLE Assets Loans Building association investments. Other investments Deposits in banks Cash on hand Furniture and fixtures Other assets Total assets Liabilities Amount $828,233 460,627 654,652 230,541 57,251 7,952 762 Shares paid in Surplus fund Net undivided profits Reserve fund for bad debts Bills payable Other liabilities $2,003,708 39,382 83,829 110,105 2,299 2,240,018 Total liabilities 2,240,018 R E C E I P T S A N D D I S B U R S E M E N T S I N Y E A R E N D E D D E C . 31,1943 Capital receipts Amount Loans repaid. $1,676,858 Payments on shares 755,882 Building association shares redeemed. 17,000 Other investments sold 33.154 Bills payable 2,468 Entrance fees 1,355 Fines 942 Recoveries on loans to reserve f u n d 14,270 Depreciation on furniture and fixtures.— 1,265 Other receipts 6,665 Total capital receipts 2,509,859 Total earnings Transferred to reserve fund for bad debts. Transferred to surplus Cash on hand at beginning of period Deposits in banks at beginning of periodGrand total Capital disbursements Loans made Shares withdrawn Building association shares purchased Other investments purchased Bills payable Loans charged against reserve fund.... Other disbursements Total capital disbursements EXPENSES EARNINGS Interest on loans Building association dividends Other income Amount 92,887 14,777 17,347 125,011 17,009 8,369 34,520 377,418 3,072,186 Salaries General expenses Interest on borrowed money Dividends Depreciation on furniture and fixturesTotal expenses Transferred to reserve fund for bad debts. Transferred to surplus Cash on hand at end of period Deposits in banks at end of period Grand total NOTE.—Number of borrowing members, 7,617; nonborrowing, 12,136. TABLE NO. 22.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 81, 19481 [In thousands of dollars] Total all banks 14,621 Number of banks National banks 5,046 All banks other than national 9,575 Banks other than national State (commercial) 2 Mutual savings 8,989 537 » tei rç o Private 49 O ASSETS Loans and discounts: Commercial and industrial loans (including open-market paper) Loans secured by agricultural commodities, covered directly or indirectly by purchase agreements of Commodity Credit Corporation. _. Other agricultural loans ... Loans to brokers and dealers in securities. Other loans for the purpose of purchasing or carrying stocks, bonds, and other securities. Real-estate loans: Secured by farm land Secured by residential properties . Secured by other properties Loans to banks All other loans, including overdrafts. ... Total loans and discounts . . . Securities: U. S. Government obligations— Direct.. Guaranteed Obligations of States and political subdivisions. Other bonds, notes, and debentures.... Corporate stocks, including stocks of Federal Reserve banks Total securities ... — Currency and coin — Balances with other banks, including reserve balances, and cash items in process of collection ». Bank premises owned, furniture and fixtures Real estate owned other than bank prejnises. Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding. Interest, commissions, rent, and other income earned or accrued but not collected Other assets (including securities borrowed, insurance and other expenses prepaid, and cash items not in process of collection) Total assets W H 7,878,473 4,758,746 3,119,727 3,088,226 610,889 940,800 1,428,556 946,515 393,323 452,745 517,307 432,146 217,566 488,055 911,249 514,369 217,540 487,759 902,844 504,020 466,985 7,616,389 857,691 59,352 2,868,889 173,770 1,546,794 350,264 24,804 1,483,633 293,215 6,069,595 507,427 34,548 1,385,256 288,754 1,707,729 451,234 33,298 1,328,483 4,142 4,360,118 56,052 23,674,539 10,133,532 13,541,007 9,009,887 4,474,574 56,546 63,690,025 2,569,359 3,564,275 3,351,967 550,620 32,552,251 1,626,304 1,933,187 1,243,450 149,061 31,137,774 943,055 1,631,088 2,108,517 401,559 25,015,389 904,269 1,417,571 1,167,583 238,489 6,049,558 38,383 200,560 929,288 157,632 72,827 403 12,957 11,646 5,438 73,726,246 37,504,253 36,221,993 28,743,301 7,375,421 103,271 1,612,252 26,999,933 1,128,014 332,110 101,589 49,488 220,194 807,969 15,272,695 547,470 33,990 47,275 26,207 101,664 804,283 11, 727,238 580,544 298,120 54,314 23,281 118,530 716,583 10,969,532 472,954 100,092 40,024 18,571 80,145 85,249 710,480 106,992 197,433 14,262 2,451 47,226 598 595 28 4,710 406 277,613 56,862 220,751 198,834 21,466 451 50,349,923 13,023,856 216,282 128,121,978 64,531,917 1 63,590,061 | 2,339 29,162 10 62 148 26 286 8,343 10,201 ------- 37,"979" 319 1,748 141 1,250 5,070 H H tei o o S w o F F H W O H w tei o § tel o H LIABILITIES Demand deposits: Deposits of individuals, partnerships, and corporations Deposits of U. S. Government.-..oi Deposits of States and political subdivisions go Deposits of banks in the United States 3 1 Deposits of banks in foreign countries gg Certified and cashiers' checks, etc ^ Total demand deposits3 - - Time deposits: Deposits of individuals, partnerships, and corporations ^ Deposits of U. S. Government Postal savings deposits — Deposits of States and political subdivisions Deposits of banks in the United States Deposits of banks in foreign countries — Total time deposits - - - - Total deposits3 Bills payable, rediscounts, and other liabilities for borrowed money Acceptances executed by or for account of reporting banks and outstanding Interest, discount, rent, and other income collected but not earned Interest, taxes, and other expenses accrued and unpaid Other liabilities (including securities borrowed and dividends declared but not payable). Total liabilities - - - CAPITAL ACCOUNTS - Capital notes and debentures Preferred stock — Common stock Surplus. Undivided profits Reserves and retirement account for preferred stock and capital notes and debentures... Total capital accounts Total liabilities and capital accounts i Excludes banks in Guam and the Philippines on account of the war. 3 Includes trust companies and stock savings banks. 3 Excluding reciprocal demand bank balances. 59,384,625 10,404,917 4,489,740 9,831,836 924,144 1,690,189 33,254,837 5,851,502 2,694,905 6,693,091 423,999 929,170 26,129,788 4,553,415 1,794,835 3,138,745 500,145 '761,019 86,725,451 49,847,504 36,877,947 30,725,252 117,202 10,012 482,341 271,808 4,060 9,926,259 93,844 5,782 239,749 38,990 4,053 20,798,993 23,358 4,230 242,592 232,818 7 564 129,502 377 2,614 11,020 24,420 2,301 7,747 170,234 9,075,107 23,358 4,230 241,331 232,452 7 11,708,002 15,884 1,055 276 206 90 11,709,333 25,994,556 4,552,136 1,791,749 3,127,646 475,725 758,154 5,730 902 472 79 16,180 31,610,675 10,308,677 21,301,998 9,576,485 118,336,126 51,650 60,157 45,390 208,391 374,573 60,156,181 8,155 31,642 23,881 118,469 234,147 58,179,945 43,495 28,515 21,509 89,922 140,426 46,276,451 40,268 23,377 21,166 82,263 115,017 11,717, C 308 7,575 25,109 186,414 3,227 5,138 35 84 300 119,076,287 60,572,475 58,503,812 46,558,542 11,750,072 195,198 90,142 253,545 2,667,913 4,105,016 1,370,352 558,723 127,604 1,403,911 1,619,769 541,595 266,563 90,142 125,941 1,264,002 2,485,247 828,757 292,160 85,269 125,941 1,257,542 1,571,854 502,772 248,003 4,873 9,045,691 j 3,959,442 5, C 3,791,381 1,273,784 21,084 50,349,923 13,023,856 216,282 128,121,978 j 64,531,917 63,590,061 I 901,169 325,602 42,140 6,460 12,224 383 2,017 i O H* OX TABLE NO. 2Z.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1943 (includes National, State comO mercial, savings, and private banks) 1 ASSETS [In thousands of dollars] Location Securities guaran- Obligateed tions U. S. Loans by Other of and Govern- U. S. bonds, disment Popula- NumGovnotes, and counts, securiber tion ernand politiincludties, of (approximent debencal ing direct mate) 2 banks as to tures suboverobligaindividrafts tions terest sions and principal Corporate stocks including stocks of Federal Reserve banks Balances with other Curbanks, rency includand ing recoin serve balances 3 Bank premises owned, furniture and fixtures Investments and other CustomReal ers' estate indiowned rectly liability on other reprethan senting anees bank bank outpremrem- standises les or ing other real estate 2,513 87,642 4,290 2,290 83,127 293,785 6,892 8,033 49,821 4,784 14, 781,382 9,344 17,338 663 48,649 3,655 4,'— 448,424 107 96,212 164,396 8,514 17,590 3 5,669 2,609 3,564 31,597 3,247 l,i 317,989 80 88,976 91,212 2, " 4,614 31 02,939 69,443 82,772 860,466 58,458 30,074 4,103, 793 3841,629,2643,338,630 51,826 58,784 5 5,029 28,241 14,158 102,817 12,268 850 690,424 34 144,379 431,808 24,806 1,731,260 199 484,2521,198,768 22,935 57^ 220119,658 36,374 41,664 372,497 25,795 10,998 8,073,272 9022,526,2105,518,599 117,656 150,876 582,460 158,789 159,3341,503,668 107,713 50,899 218,3446,421,526 321,621155,425 19,704,6901,046.121 674,963 735,996 12,677,424 New York 63,473 621,086 57,756 24,840 1,930,826 58,886 140,263 154,087 4,049,982 New Jersey 136,7541,710,180 133,359 59,313 2 2 3 , 4 8 4 6 8 3 , 5 5 0 4,593,081 150,985 9,442,986 1,047 Pennsylvania 5,043 74,229 3 ! 254,276 10,295 12,787 47,841 268,305 43 Delaware 26,599 331,807 U, 489 1,030,180 10,679 14,562 58,959 1,940,070 186 Maryland 13,949 188,750 14,816 205 406,768 9,491 708 15,260 828,404 District of Columbia. 258,335 464,1629,347,578 545,434245,570 Total Eastern States.. 29,207,171 2,51710,503,63127,919,8211,286,4571,066,767 1,258 3,547 2 2 , 2 7 8 6 1 4 , 6 1 7 3 1 3 282, 2, 7 32, 7 93 Virginia 1,600 1,772 268,536 12,634 1,720,670 180 104, West Virginia 619 1, 9 25 3 5 , 8 9 4 5 1 1 , 5 6 9 226 1 9 8 , 3, 3 61, 1 51 North Carolina 226 551 164,172 6,451 18,051 146 70, South Carolina — 1,812,723 1, 3 3 , 5 9 5 2, 5 34 1 6 , 4 8 4 4 9 2 , 4 4 4 282, 2 9 2 2, 9 77, 2 10 Georgia 748 1,372 534,353 18,268 46,071 174 143, Florida. — 2,031,000 1,129 1,835 368,514 24,848 58,677 2,742,206 216 145, Alabama 603 469 166,073 3,954 63,452 2,004,429 201 82, Mississippi. 642 2.197 456,723 18,285 74,243 2,319,824 147 166, Louisiana 1,523 6,681 6,256,434 830 700, 1,539,095 61,525 118,106 Texas— 235 2 9 , 1 5 2 5 7 4 1 4 , 8 2 9 1 9 1 , 3 5 6 78, 1, 7 86, 1 39 211 Arkansas 1,110 1,555 521,530 10,912 24,990 2,546,871 394 Kentucky. 1, 3 25 4. 1 98 2 0 , 8 5 5 5 6 2 , 7 3 0 2, 8 27, 0 09 2 9 4 2 4 9 , 3 3 7 Tennessee. Total Southern States. 35,118,459 3,624 2,693,432 6,391,712267,217 656,659 146,390 29,210 310,331 4,676,094152,233J 12,612 Maine New Hampshire Vermont—. Massachusetts Rhode Island ConnecticutTotal New England States. E Income earned or ac- Other crued but not collected § O Total 5 o H w tel 283 591 555,365 oO 1,314 17 184 405,679 127 219 224 248,972 6 2,661 13,537 1,527 4,248 7,361 17,745 6,85 25,339 w 4,075 640 1,357 276 2,380, 880 o 1,055 9,396 238 Ir1 9,942 4,918 10,292 28,41610,929,772 S 29,32437,705,343 S3 17,753 30,305 3,821 3,722,542 3,387 253 17,567 9,208,404 13,893 3,920 125 479,302 696 59 4,170 1,711,460 158 60 7 02 761,720 2,100 37,889 34,695127,030 55,709 1,048 18 761 25 780 134 87 440 1,149 513 3,328 1,745 3,286 514 55 51 6 311 332 10,457 4,129 14,758 21,176 15,386,410 Ohio Indiana Illinois Michigan. _ Wisconsin.. Minnesota.. Iowa.— Missouri 6,774,028 3,363,188 7,596,707, 5,202,789; 2,930,446! 2,512,524' 2,265,176 i 3,537,060; 684 985, 756 2, 712,533 500 291,619 1,024, 512 828 1,397,632 4,734, 645 431, 505,057 2,152, 136 562 296,460 1,040, 088 673 362,865 1,066, 844 643 281,139 688, 646 575,976 1,371, 769 ! 108.214 61,037 161,779 96,567 48,212 39,310 20,7641 54,1191 210,172 139,329 75,832 55,246 285,304 231,240 126,076 105,423 64,846 68,722 61,234 47,037 75,417 20,632 82,571 51,060 I Total Middle Western States 34,181,918! 4,917;4,696.504 14,791,173 ! 590,002 981,452 718,689 North Dakota. South Dakota. Nebraska Kansas Montana Wyoming Colorado New Mexico... Oklahoma Total Western States . WashingtonOregon California Idaho Utah Nevada Arizona Total Pacific States 529,726 545,739 1,183,052 1,685,!"" 466,620 226,023 1,044,600 483,884 2,076,888 46, 157 162 47, 404 134, 627 165, 110 . 45, 56 22, 140 100, 41 23, 384 169, 166,388 121,017 396,732 462,076 162,898 54,768 351,501 74,061 360,491 7,753 9,944 32,037 33,861 6,253 3,520 12,931 4,270 67,867 2,173 1,320 10,899 8,653 3,798 1,326 13,210 1,462 5,269 72,720 178,436 3,500 3,953 7,511 22,738 4,674 Total possessions * 1,243, 917 45', 877 551, 516 93,441 2,080,307, 65, 890,923 28,679 460,447, 20,482 480,220 23,972 391, 226: 31,3371 187 241 842 1,175 87,482 67,025 285,635 379,640 106,166 57,856 259,358 59,136 345,288 160 1,412 48,110 5,390 63,944 1,647,1 1,819,800 1,126,650 7,403,922 461,744 576,586 131,412 566,625 131 263,690 898,392 57,416 17,697 7,. 72 111,037 569,451 5,1 6,479 25,206 208 1,880,005 4,652,419 171,912 401,279 122,650 47 830 7t~" 5,790 38,435 135,867 57 2,470 68,000 189,370 12,196 11,070 10 59,004 3,661 363 1,851 15,530 12 3,001 1,770 45,628 106,389 14,108 1, 712 853 12,576 225 467 83 173 12,086,739 537 2,422,325 6,610,892 222,179 507,423 150,848 16,089 152,684 2,752,264 8, 242,441 2,081 755,114 2,149,932 13,078 1,913 13,689 78,370 56,656 444,845 1,996,444 14,025 4,855 228 37,779 33,875 26,013 2,616,353 563 43 77,323 22,394 194,362 88,534 136 2,074 12,852 268 12,128 10,398 7,585 4 5 13,128 22,662 9,777 1, 26,105 370,323 15,083 209,450 92,291 1,904,181 74,532 5,057 5,596 114,452 21,226 2,241 58,100 6,311 1, 13,067 672 760 5,847 5,792 25,161 15,764 292 19,314 904 64,804 19,554 522 2,8111 3571 17; 1, 201 ! 2,043 711 296! 98 1,209! 47 5,973! 35 2,164 437 3,208 843 7,979 2 1,846 32,226 501 2,385 13 937 1,553 131 75 8,173 20 95 12 117 95,652 8,623 1, 6,991 73,637 1,629 2,216 415 68 3,905 2,005 1 345 1,063 10 53,201 106,161 6,404 2,422 5,581,447 1,830, 2,130,178 8,856 ; 9,078,096 2,407! 3,979,830 2,126 2,033,179 576 ! 2,101,229 267 i 1,514,932 2,6871 3,097,086 3,014 40,828 ; 21,171 29,515,977 299 342 973 482 470 53 691 529 7 1 135 4,077 124 320,050 148 256,958 859 883, 593 1,119 1,097,057 24 337,801 38 146,253 801 765,765 13 169, 307 495 3,621 4,964,177 44 2,946 206 1,655,188 2,285 1,041 953,049 16,462 38,841 9,402,028 21 327 270,542 9 97 407,162 301 85 105, 295 510 264 237,968 26,398 2,460 22,534 40,861 13,031,232 25,2Ì6 1,124 1 101,571 49,351 219,519 170,954 127,416,339 81 42,356 447 8,552 168 55,667 2 55, 279 49,348 368,913 226, 415 1,581 675 106,659 705,639 40 31 628 178 7,512 2,003 16,601 5,209. 2,057! 3,427 i 656 i 3,363! te! 14,500 79 42 25 126 34 5 79 75 36 2,149 5,574 6,940 2,591 549,860 1,559,051 26,893,772 1,121,610 331,272 109 1,870 307, 54,381! 4,700 17,020 ; 1, 39,844! 282 25,478 607 17,437! 197 10,653! 455 8,454 15,085 4,131 868,026: I I i 82,047i 408,596 6,966,582 188,352 3,413 3,717 7,939 14,632 4, 3,081 9,995 3,714 12,815 Total United States (exclusive of possessions).. 126,910,000 14,578 23,597,216 63,382,129 2,556,231 3,541,613 3,342,190 Alaska Canal Zone (Panama) The Territory of Hawaii Puerto Rico American Samoa Virgin Islands of the United 10,446 2,003 23,817 4,085 2,191 2,364 1,105! 18 20 137 o H a te) o O w o f F tel Su O H W tel o d g 4,103 117 18 s§ Total United States and possessions 129,526,353 14,621 23,674,539 63,690,025'2,569,359 3,564,275 3,351,967 550,620 1,612,252 !26,999,933 1,128,014 332,110 101,589 49,488 220,194 277,613 128,121,978 1 Includes also loan and trust companies and stock savings banks, but excludes private banks which do not report to State banking departments. 2 Civilian population only; excludes approximately 10,500,000 men estimated to be in the armed forces as of Dec. 31, 1943. 3 Excludes reciprocal demand balances with banks in the United States. 4 Excludesfiguresfor Guam and the Philippines because of the war. o M TABLE NO. 23.—Assets and liabilities of all active banks in the United States and possessions, Dec. 81, 1948 (includes National, State commercial, savings, and private banks)—Continued 00 LIABILITIES [In thousands of dollars] Location Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total New States England New York New Jersey Pennsylvania. Delaware Maryland _ . District of Columbia Total Eastern States. Time deposits Total deposits1 212,080 111, 530 68,573 3,099,874 361,274 1,017,117 287,095 250,423 151,200 2,820,281 384,639 1,155,028 499,175 361,953 219,773 5,920,155 745,913 2,172,145 4,870,448 5,048,666 25,592,457 1,963,559 5,698,166 330,224 1,050,850 566,156 AcceptMortgages ances exeor other cuted by Income liens on bank prem- or for ac- collected count of but not ises and on reporting earned other real banks and estate outstanding 100 Other liabilities Capital stock 2 Surplus Undivided profits 55 12 123 1,900 427 442 315 81 247 8,637 1,971 3,276 366 193 426 12,272 2,095 2,775 15,936 7,254 15,287 108, 111 20,274 43,445 21,830 22,645 5,048 287,615 48,021 97,593 15,436 10,547 4,727 134,969 5,677 53,980 2,252 2,894 3,341 30,556 312 6,945 210,307 482,752 225,336 46,300 146 103 9,919,114 4,281 103 5,966 2,959 14,527 18,127 8,693,786 1,464,816 2,515,326 96,883 534,612 141,531 34,286,243 3,428,375 8,213,492 427,107 1,585,462 707,687 39,518 636 169 275 380 19 1,031 37,850 253 4,327 59 158 9,111 2,341 2,695 140 455 279 68,607 3,370 16,442 744 2,836 1,242 271,729 3,181 9,744 410 1,967 733 780,449 1,645,649 121,101 109,125 285,513 503,670 11,553 23,766 34,734 50,439 18,977 20,450 448,095 28,530 113,646 6,967 28,599 10,533 118,073 25,630 57,675 8,281 6,430 1,819 35,201,412 13,446,954 48,648,366 40,978 1,050 42,647 15,021 93,241 287,764 1,252,327 2,353,099 636,370 217,908 18 6 332 1,599 137 1,610 127 2,159 418 353 57 379 488 149 423 962 2,535 651 2,223 508 1,463 1,242 860 431 1,555 4,509 126 1,419 1,945 1,094 298 1,705 206 960 414 436 682 1,646 1,730 437 3,468 721 44,753 24,214 24,623 10,104 33,162 26,643 25,417 15,407 25,267 93,232 13,512 35,177 35,789 34,371 20,548 27,313 7,692 25,012 24,539 18,250 12,519 21,943 73,512 9,870 30,979 26,809 14,224 6,858 9,921 3,183 10,453 6,689 8,930 1,273 7,798 33,585 5,501 9,639 11,413 7,490 2,081 6,760 1,605 5,973 3,590 3,753 1,437 3,963 12,423 1,748 3,541 4,658 4,576 8,861 19,467 13,797 407,300 333,357 129,467 59,022 341,410 138,787 163,240 45,850 164,957 145,217 141,665 79,795 142,620 255,682 53,084 130,721 221.849 ' Total Southern States.. 12,384,078 2,024,877 1,254,802 545,870 1,136,188 394,033 1,186,882 1,062,305 841,576 485,971 1,061,774 3,636,291 483,446 1.021.857 1.297.960 . ' ' i 14,408,955 | 4,035 Expenses accrued and unpaid Reserves and retirement account for preferred stock and capital notes and debentures 5.287 649 30 913,392 407,083 972,948 348,183 1,021,925 917,088 699,911 406,176 919,154 3,380,609 430,362 891,136 1,076, 111 Virginia _ West Virginia North Carolina South Carolina Georgia Florida Alabama.. Mississippi Louisiana Texas Arkansas Kentucky Tennessee.. Demand deposits 1 Bills payable, rediscounts, and other liabilities for borrowed money 240 100 213 126 13 47 60 1 4 30 69 702 1 2 1,601 7 780 134 87 513 2,192 514 g TJ O § o ste) o o s o p tei .w o H w tei 3 o H Ohio Indiana.. Illinois Michigan Wisconsin Minnesota Iowa Missouri 3,663,869 1,534,237 7,180,333 2,656,194 1,260,481 1,441,978 1,128,484 2,534,719 Total Middle Western States 21,400,295 North Dakota.. South Dakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma- Total Pacific States Total United States (exAlaska Canal Zone (Panama) ... The Territory of Hawaii Puerto Rico American Samoa. Virgin Islands of the United States Total possessions 6,311,! 5,220,147 1,997,025 8,530,227 3,778,053 1,897,911 1,961,500 1,424,310 2,902,520 27,711,6 76 ö0ö"|ZIZIIII 3Ì0"bl,""." 2,886 266 17 2,267 71 98 47 35 437 1,904 555 2,589 2,222 615 1,823 215 748 3,238 10,671 3,710 419,006 249,720 668,726 Total United States and possessions. 86,725,451 31,610,675 118,336,126 i Excludes reciprocal balances with banks in the United States. 1,935 861 3,807 2,160 1,033 647 3,556 1,163 3,993 1,755 944 17,925 86 170 1,131 33 26,173 14,322 192, 591 5,275 9,195 1,810 3,497 23,170 16,623 190,865 3,844 7,963 1,310 3,229 12,906 6,730 56,142 2,056 3,501 1,686 1,023 3,281 54,694 1,072 1,698 50 221 3,429 6,977 27,192 22,044 252,863 247,004 84,044 9,314 59,991 45,312 207,771 371,810 2,998,052 4,094,347 1,367,074 553,449 12,318,365 1,483 3,123 2,951 6,407 11,334 3,352 1,931 9,320 250 14,620 2,876 1,828 20,919 302 560 176 531 3,959,910 2,227 4,289 4,760 15,954 22,687 5,721 3,716 14,475 2,528 22,861 591 155 5,892 17 57 34 231 8,358,455 1,714 8,254 7,319 22,559 29,424 8,265 3,802 14,725 3,100 28,985 19,155 37 37 1,197 141,750 64 50 173 527 40 50 164 14 53,288 53 30 3,346 49,936 238,569 96,991 1,579,366 909,136 8,859,654 257,890 384,018 99,098 229,203 52,289 49,283 345,148 216, 787 1,509 581,144 ! 126,433 412,838 220,290 3,106,728 49,010 100,060 26,237 44,747 12,036 4,601 135,893 94,941 766 748,822 28,658 1,420 1,166,528 688,846 5,752,926 208,880 283,958 72,861 184,456 40,253 44,682 209,255 121,846 743 20,768 8,078 59,324 17,082 12,886 9,144 6,273 8,195 4,798 4,660,907 86,306,445 31,360,955 117,667,400 41,959 21,687 56,419 29,520 18,407 21,203 14,358 35,016 823 569,150 190 48,546 ! 118,123 43,236 186,956 58,763 37,060 51,284 31,172 54,550 7,299 161,483 1,443 56,010 9,890 208,235 3,040 86,004 600 63,110 628 ; 51,699 129 ! 37,917 5,629 I 84,364 323 641 808 289 46 1,233 8 1,191 301,999 240,626 833,921 1,029,822 319,059 136,008 722,127 162,239 915,106 25 165 9,498 2,051 22,189 5,075 1,992 3,901 523 3,317 38 31 101 130 42 53 160 5 263 64,617 39,404 77,970 92,831 48,019 25,276 130,160 19,964 70,909 237, 201, 755, 936, 271, 110, 591, 142, 844, Total Western States.._ 4,091,757 Washington Oregon... California Idaho Utah Nevada Arizona 1,556,278 462,788 1,349,894 1,121,859 637,430 519,522 295,826 367,801 135 ; 51,650 166 20 ! 1,217 60,157 2 w tel a o K o tr w 1 g W o 677 349 8,840 3,548 25 7,488 2,178 25 2,171 395 19 4,475 400 3 150 23 16 47 tei 3,278 5,274 Ct 45,390 j 208,391 | 373,356 3,011,600 4,105,016 1,370,352 558,723 446 173 146 1,714 I o 955 20 20 24 65 319 1,129 I 8 78 ! 620 1,546 Includes capital notes and debentures. 13,548 I 10,669 ! (See classification on pp. 52 and 53.) o d H CO T A B L E N O . 23.—Assets Oi and liabilities of all active banks in the United States and possessions, Dec. 81, 1948 (includes National, State commer© cial, savings, and private banks)—Continued [In thousands of dollars] Loans and discounts Location Maine New HampshireVermont Massachusetts„ _ Rhode Island Connecticut --- -. Total New England States New York New Jersey. PennsylvaniaDelaware. 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—.. Commercial and industrial loans (including openmarket paper) 18,693 13,648 6,888 388,708 32,576 55,448 515,961 2,759,905 116,135 541,883 13,663 47,865 26,551 3,506,002 79,434 17,615 79,189 24,262 108,279 61,218 48,494 14,559 78,697 241,563 12,868 57,796 113,320 937,294 Real-estate loans Loans secured Other loans by agricultural for the purcommodities Loans to pose of purcovered directly Other Secured or indirectly agricul- brokers and chasing or Secured by residealers in carrying Secured by purchase tural by other by farm dential securities stocks, bonds, agreements of loans properland properand other Commodity ties ties securities Credit Corporation 679 64 13 34,419 2,218 682 3,691 1,679 169 1,886 35,181 22,344 23 1,715 123 906 250 25,361 54 10,246 14,050 49,991 1,036 24,478 13,454 9,126 172,978 22,275 1,263 12,091 334,135 10,325 22,655 3,230 13,394 867 3,004 5 43,155 11,041 2,088 6,279 2,745 11,215 5,210 9,275 19,300 6,878 87,870 11,171 16,251 14,735 204,058 198 224 65 25,940 305 451 27,183 1,085,522 7,507 54,206 3,416 3,771 1,167 1,155,589 2,728 334 3,163 454 1,874 2,780 1,416 1,108 4.287 3,766 571 983 3.288 26,752 3,535 1,045 1,292 25,291 1,784 9,242 42,189 403,734 17,669 52,775 2,788 24,989 3,292 505,247 7,209 8,347 13,170 1,797 19,312 16,222 4,011 3,522 5,321 44,091 2,297 9,834 13,149 148,282 1,454 35,240 7,400 801 64,798 4,570 6,950 55,394 4,777 1,100 959,131 38,564 845 72,646 18,694 1,367 355,576 12,478 12,517 1,542,785 86,483 12,958 3,049,538 104,543 4,180 323,386 64,500 23,477 370,019 83,699 22,456 5,247 3,004 50,264 24,818 9,156 35,386 14,394 55 52,830 3,851,049 297,201 13,421 63,331 16,533 4,643 30,519 9,493 10,472 15,423 8,978 1,586 6,460 2,711 6,722 27,621 6,363 2,702 11,555 8,905 4,085 14.607 8,946 5,239 7,038 2,655 4,970 14,037 6,666 10,375 25,166 14,978 3,107 5,637 2,571 20,447 24,904 7,937 12,010 17.608 7,055 99,779 263,906 103,791 B All other inLoans to loans, cluding banks overdrafts 60 1,517 30 1,607 43,334 4,048 47,382 837 100 162 251 78 221 1,007 167 12 504 156 3,495 13,650 10,380 9,906 152,915 17,354 47,774 251,979 581,066 98,898 256,540 14,377 43,245 25,689 1,019,815 84,531 31,054 51,337 16,288 51,027 33,529 29,855 15,842 35,286 99,599 17,690 49,977 55,925 571,940 n O o tel o o g It-1 tel W O H w tel o d tel o Hi Ohio Indiana Illinois Michigan... Wisconsin.. Minnesota.. Iowa Missouri. _. Total Middle Western StatesNorth DakotaSouth Dakota.. Nebraska. Kansas Montana Wyoming Colorado New Mexico.... Oklahoma Total Western StatesWashington. Oregon California. _. Idaho Utah Nevada Arizona Total Pacific States Total United States (exclusive of possessions). Alaska.. Canal Zone (Panama) The Territory of Hawaii Puerto Rico American Samoa Virgin Islands of the United States. Total possessions. Total United States and possessions. 285,626 71,634 865,463 173,955 96,553 120,846 47,608 239,959 2,669 2,415 7,771 1,428 501 5,679 5,011 14,615 20,356 20,675 51,197 16,615 22,161 46,201 92,900 50,891 77,187 353 102,772 6,851 489 2,962 786 5,847 49,476 11,289 67,653 12,106 7,709 7,774 7,135 19,615 36,718 28,752 20,665 16,478 24,930 17,650 41,461 21,820 271,774 98,349 129,151 160,831 88,368 84,833 43,416 105,664 52,257 15,203 21,415 31,161 17,764 6,070 8,355 22,795 156 54 766 70 205 3,928 12 1,347 189,537 42,895 130,779 85,562 37,780 66,922 34,455 93,423 1,901,644 40,089 320,996 197,247 182,757 208,474 982,386 175,020 6,538 681,353 5,550 4,264 25,797 36,074 7,830 2,338 30,308 5,029 69.424 24,996 6,358 14,013 24,495 16,574 1,914 7,198 2,361 23,464 8,179 24,365 55,937 55,160 12,309 10,079 30,472 7,381 29,114 4 1 257 1,718 710 1,920 5.756 9,816 856 786 1,924 610 4,141 2,843 4,479 6,184 11,465 3,396 4,390 11,724 4,308 15,613 492 1,179 2,305 2,134 644 962 3,272 773 1,867 42 613 259 725 6,088 2,911 944 437 2,161 483 1,730 1 3,606 3,769 18,186 21,238 3,327 1,806 12,436 2,705 23,444 186,614 121,373 232,996 3,159 15,738 26,519 64,402 13,628 168 90,517 122,445 51,755 591,825 9,826 14,112 2,516 11,223 16,998 8,423 17,103 3,418 1,858 10,828 7,101 72,774 10,041 10,483 2,382 9,410 1,527 787 15,844 4 464 6,168 1,295 36,779 244 2,968 288 437 5,104 1,398 53,740 1,109 2,575 342 506 49,514 10,368 787,844 8,673 20,941 6,179 11,782 20,635 4,655 144,533 1,631 6,252 1,531 667 8 30,463 25,255 159,503 3,489 8,313 2,232 5,095 803,702 54,308 123,019 18,626 48,179 64,774 895,301 179,904 162 234,350 7,851,217 610,447 934,549 1,428,556 942,392 464,893 7,599,829 856,027 59,352 2,849,954 73 442 1 2 3,392 728 1,671 591 5,656 252 1,783 12,820 1,864 1,027 462 57 205 102 2,622 226 6,881 9,158 1 47 27,256 442 6,251 4,123 2,092 16,560 1,664 18,935 7,878,473 610,889 940,800 946,515 466,985 7,616,389 857,691 59,352 1 2,868,889 6,508 566 488 12,816 13,782 22 148 4 1,428,556 39 75 1 10 60 34 60 B * O S 0 H M a 1 ** H w o F S w o^ H w tel 0 1g a K| Oi T A B L E N O . 23.—Assets Ol and liabilities of all active banks in the United States and possessions, Dec. 81, 1948 (includes National, State comto mercial, savings, and private banks)—Continued [In thousands of dollars] Capital Location Maine New Hampshire. Vermont Massachusetts Rhode Island Connecticut Total New England States.. New York New Jersey Pennsylvania Delaware Maryland District of Columbia Total Eastern States. Virginia West Virginia... North Carolina. South Carolina.. Georgia Florida Alabama LouisianaTexas Arkansas... Kentucky.. Tennessee.. Total Southern States Capital notes Preand de- ferred benstock tures 414 3,752 Demand deposits IndividuCommon als, part- < U. S. Governnerships stock ment and corporations 3,807 1,037 4,973 6,546 1,301 5,762 11,715 6,217 6,562 101,565 18,973 37,683 164,101 81,590 58,491 2,124,715 276,981 788,728 15,773 10,154 2,893 439,140 50,673 121,980 19,301 9,915 4,588 136,905 16,810 43,666 10,115 7,394 1,378 344,388 11,774 46,280 231,185 421,329 4,166 23,426 182,715 3,494,606 640,613 41,207 552 36,827 42,445 23,608 34 2,205 750 702,415 16,421,287 78,104 „1,473,251 261,905 4,231,747 11,447 245,789 28,932 725,462 17,950 455,528 4,008,464 234,032 636,998 66,339 154,879 62,531 72 3,597 277 45,705 105,869 1,100,753 23,553,064 188 1,302 20 10 964 40,866 22,109 22,023 8,877 31,191 26,082 21,386 10,609 21,639 86, 543 11,957 31,396 29,345 3,887 412 2,600 1,039 669 561 4,031 4,778 3,618 5,725 1,555 3,781 6,444 4,177 ' 39,100 1 603,214 287,515 601,620 261,721 653,802 612,914 485,194 287,660 583,121 !, 338,035 305,159 636,945 631,003 Banks in United States (exand political sub- cludlngreciprocal , divisions bank balances) Time deposits Banks inforeign countries 17,063 435 364,023 ! 8,287,903 ! 1,070,610 2,781 2,477 1,223 37,663 4,601 16,463 285,920 249,501 149,474 2,817,634 383,443 1,152,531 States Banks and po- Banks in forin litical United eign subdicounvisions States tries 325 309 169 1,389 427 1,957 16 60 14 203 50 65 408 823 205 1; 495 609 519 441 11 348 48 446 200 34 4,092 1,087 17,507 65,208 5,038,503 4,576 590,671 2,962,891 838,834 240 37,164 182,641 6,911 573, 578 180,997 4, 258 9,429 110,573 204 53,534 38,911 385 79 770,310 36,231 67,935 4,409 6,198 8,722 8,417,471 1,452,826 2,440,860 94,788 526,746 141,085 15,397 4,659 1,648 15 1,764 344 2,557 1,186 44,767 213,594 6,761 570 64,199 7,433 2,065 15 2,704 3,361 75 893,805 13,073,776 23,827 1,250 120,496 225,048 2,557 5,163,243 1,017,351 3,727,375 846,574 104,668 43,718 76,260 21,904 118,099 82,283 68,615 22,343 69,521 257,122 23,725 76,500 105,852 Certified Individuand als, partcashiers' nerships checks, and corpoment etc.1 rations 54,990 35,360 101,058 42, 539 62, 289 88,388 76,013 58,231 80,441 175,695 46,181 47,883 79,520 129,348 31,217 182,155 18,601 176,567 121,429 63,526 35,809 175,374 521,154 52,590 123,673 249,121 948,588 1,880,564 93 24 ,039 231 3,316 4,262 4 8,9 21,079 9,273 11,855 3,418 11,144 11,035 6,332 2,133 7,381 84,341 2,703 6,105 10,615 187,414 7,301 412 3,921 699 1,953 4,783 1,468 3,152 4,364 5,841 853 2,344 3,877 484 240 366 17 189 195 70 122 340 573 54 32 114 1,924,044 ! 40,968 2,796 321,788 137,107 155,333 44,179 161,871 131,083 139,012 76,289 135,263 230, 551 51,876 127,631 212,061 ! 10,781 375 2,185 806 373 7,511 565 2 2,628 17,850 151 622 1,617 1,056 653 1,435 149 571 1,645 550 230 25 867 150 92 4,180 45,466 11,603 1 Ohio.. Indiana Illinois Michigan. . Wisconsin __ Minnesota . Iowa Missouri... 17,275 6,407 1,058 Total Middle Western States Total Western States- 47,800 666,927 14,729,531 442 264 148 129 298 530 1,458 235 713 718 371 916 485 143 462 Total Pacific States 1,090 Total United States (exclusive of possessions) Alaska. Canal Zone (Panama) The Territory of Hawaii Puerto Rico. American Samoa... Virgin Islands of the United States. 34,095 Total possessions United States 7,683 6,757 21,881 27,966 7,975 3,089 14,007 2,729 28,069 181,295 150,639 509,117 643,093 199,036 80,690 445,180 103,355 537,124 404,145 141,952 874,848 300, 507 150,008 152,138 92,375 205, 578 170,012 154,818 274,518 184,162 74,121 113,553 126,945 141,010 274,963 1, 774 108,285 91 1,097,889 13,815 166,578 2,018 111, 467 203 256,106 2,166 114.276 674,399 "1,319 2,321, 551 i 1,239,139 j 2,803,963 13, 49, 67, 15, 5, 40, 7, 71, 30,959 27,335 41,799 129,755 30,095 13,679 23,771 21,182 95,018 13,335 8,149 150,459 89,791 22,976 9,816 76.182 8; 006 118,558 497, 272 21,386 ! 37 1,467,963 454,287 1,319,660 1,112,979 633,653 512.454 293,851 361,541 306 2,264 3,498 2,316 123 911 1,773 3,850 284, 725 6,156,388 15,041 73,273 23,360 69,811 38, 259 21,516 20,804 13,969 23,733 2,021 1,482 5,103 7,254 3.062 1,259 6.063 1,884 22, 296 45,424 38.112 77,621 91,367 47.113 24,282 126.730 83,774 88 26,454 5,146 2, 512 5,039 38 2,063 3,732 5,647 14 1,313 993 829 7 113 2,207 125,114 12,648 503 502 268 105 149 289 157 234 19,124 1,240 47 117 520 614 179 65,769 25 258 1,051 327 117 304 104 1,355 11 19 36 75 24 32 5 34 166 1,267 221 35 231 2,942 6 2,352 536,238 19; 820 2,849,529 280,902 413, 593 37 50.424 3,544 402 23,108 5,858 24,471 14,127 163,225 4,906 8,597 1,780 2,797 867, 487, 4,317, 166, 189, 53, 139, 123,144 81,081 573,463 13,112 16,561 5,752 17,400 78,239 70,737 358,061 21,028 28,935 10,431 21,664 1,719 360 21, 353 20 407, 213, 2,977, 47, 97, 26, 44, 4,191 1,651 19,996 1,462 1,795 151 22 15 402 17 25 109 4,680 93,606 728 317 14,058 105 110 487 14.953 16; 495 155,480 2,105 3,391 1,467 3,421 31,870 219,903 6,221,657 830, 513 589,095 495,939 « 23.939 197,312 3,814,665 29,246 90,142 253,433 2,654,477 59,136,290 10, 307,432 4,438,951 9,826,442 918,442 1,678,888 30,543,614 117,202 8,840 3, 548 25 38 35, 16, 116, 78, 1, 248, 3 2,837 28,170 58,927 7,357 194 97,485 90,142 253,545 12,667,913 | 59,384,625 10,404,917 695 29,436 19,373 287 2,182 2,526 50,789 5,394 1 58 34 5,599 11 5,702 630 49 1,844 8,766 12,012 12 4,601 132,890 29,971 766 1,398 11,301 181,638 132 27 92 w tel hj O n 55 120,156 13,436 and 2,739,702 1,105,731 4,849,452 1,964,670 903,166 897,211 780,919 1,488,680 1,217 52 29,366 369 136 30 700 909 Washington. Oregon California Idaho Utah.. Nevada Arizona 1 133,433 46,173 204,023 64,617 54,895 49,033 35,523 79,230 5,923 934 North Dakota.. South DakotaNebraska Kansas Montana Wyoming Colorado. New Mexico Oklahoma Total 2,498 10,775 3,430 3,154 21,387 2,292 1,732 2,394 2,636 o § tel o o K 1,500 15 n o t-< S w 15,333 1,500 o 7,583 416,922 271,577 4,057 3tel 98,646 24 2,374 31 64,734 2,429 65,419 56" 0 205 1 26 231 1,740 ! 9,831,836 924,144 1,690,189 30,725,252 117,202 10,012 482, 341 271,808 4,060 Î2J H O Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account) Oi 00 54 EE PORT OF THE COMPTROLLER OF THE CURRENCY capita demand and time deposits of individuals, partnerships, and corporations in all active banks, Dec. 31, 1943 TABLE NO. 24.—Per 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 Michigan Wisconsin Minnesota Iowa Missouri Total M i d d l e Western States North Dakota South Dakota. Nebraska Kansas. Montana Wyoming Colorado New Mexico Oklahoma Population (approximate) 1 Deposits of individuals, partnerships and corporations (in thousands) Total Demand 781,382 448,424 317,989 4,103,793 690, 424 1,731,260 $450,021 331,091 207,965 4.942,349 660, 424 1,941, 259 $164,101 81,590 58,491 2,124,715 276,981 788,728 8,073,272 8,533,109 3,494, 606 12,677,424 24,838,758 16,421,287 4,049,982 2,926,077 1,473,251 9,442,986 6,672,607 4,231,747 268,305 340, 577 245,789 1,940,070 1,252,208 725, 462 828,404 596,613 455, 528 Time Per capita Total Demand $285,920 $575.93 $210.01 249, 501 738,34 181.95 149,474 654.00 183.94 2,817, 634 1,204.34 517.75 383,443 956.55 401.18 1,152,531 1,121.30 455. 58 5,038,503 1,056.96 Time $365.92 556.39 470.06 686. 59 555.37 665.72 432.86 624.10 8,417, 471 1,959.29 1,295.32 1,452,826 722. 49 363.77 2,440,860 706,62 448.14 94,788 1,269.37 916.08 526,746 645. 44 373.93 141,085 720. 20 549.89 663.97 358.72 258.48 353.29 271. 51 170. 31 29,207,171 36,626,840 23,553,064 13,073,776 1,254.04 806. 42 447. 62 220. 73 167.10 178.99 144.38 219. 60 301.78 176.94 143.51 251.36 373.70 170.85 250.09 223. 21 117. 75 79.68 46.22 24.37 54. 37 64.54 50.69 38.06 58.31 36.85 29.04 50.11 75.01 925,002 424,622 756,953 305,900 815,673 743,997 624.206 363.949 718, 384 2,568.586 357,035 764, 576 843,064 603,214 287,515 601,620 261. 721 653,802 612,914 485,194 287.660 583,121 2,338,035 305,159 636,945 631,003 321,788 137,107 155,333 44,179 161,871 131,083 139,012 76,289 135,263 230,551 51,876 127,631 212,061 338.48 246. 78 225.21 168.75 273.97 366.32 227.63 181. 57 309.67 410.55 199.89 300.20 298.22 35,118,459 10,211,947 8,287,903 1,924,044 290.79 236.00 54.79 2, 739,702 1,105,731 4,849,452 1,964,670 903,166 897,211 780,919 1,488,680 1,467,963 454,287 1,319,660 1,112,979 633,653 512,454 293,851 361,541 621.15 463. 85 812.08 591.54 524.43 561.06 474.48 523.10 404.44 328.77 638:36 377.62 308.20 357.10 344.75 420.88 216.71 135.08 173.72 213.92 216.23 203.96 129.73 102.22 34,181.918 20,885,919 14. 729, 531 6,156,388 611.02 430.91 180.11 45,424 38.112 77,621 91,367 47.113 24,282 126, 730 19,820 65,769 427.99 345.86 495.95 435. 65 527. 51 464. 43 547.49 254. 55 290.29 342.24 276.03 430.34 381. 45 426. 55 357.00 426.17 213.59 258.62 85.75 69.83 65.61 54.20 100.96 107.43 121. 32 40.96 31. 67 2,732,793 1,720,670 3,361,151 1,812,723 2,977,210 2,031,000 2,742,206 2,004,429 2,319,824 6, 256. 434 1,786,139 2, 546,871 2,827,009 6,774,028 3,363,188 7,596,707 5,202,789 2,930,446 2,512, 524 2, 265,176 3, 537,060 4,207, 665 1, 560,018 6,169,112 3,077, 649 1, 536,819 1,409,665 1.074,770 1,850, 221 529,726 545, 739 1,183,052 1,685,909 466, 620 226,023 1,044,600 483,884 2,076,888 226, 719 188, 751 586, 738 734.460 246,149 104,972 571,910 123,175 602,893 181, 295 150, 639 509.117 643,093 199.036 80, 690 445,180 103, 355 537,124 8, 242, 441 3,385,767 2.849, 529 536, 238 410.77 345. 71 65.06 1,819,800 1,126, 650 7,403, 922 461, 744 576, 586 131,412 566, 625 1, 275,493 867. 705 701,335 487, 708 7, 295,025 4,317,859 213,839» 166, 413 287,043 189,045 79,966 53,907 183. 621 139,020 407.788 213,627 2,977,166 47,426 97,998 26,059 44.601 700.90 622. 50 985.29 463.11 497.83 608.51 324.06 476.81 432.89 583.18 360.40 327.87 410. 21 245. 35 224.09 189.61 402.11 102.71 169.96 198.30 78.71 3.814,665 830. 36 514.75 315.61 Total United States (exclusive of possessions) 126.910,000 89,679,904 59,136,290 30, 543,614 706.64 465.97 240.67 Total Western States Washington. Oregon California Idaho Utah Nevada Arizona Total Pacific States 12,086, 739 10,036,322 6, 221,657 55EEPORT OF THE COMPTROLLER OF THE CURRENCY TABLE capita demand and time deposits of individuals, partnershipst and corporations in all active banks, Dec. 31, 1943—Continued NO. 24.—Per Location Population (approximate) 1 Deposits of individuals, partnerships and corporations (in thousands) Total Alaska Canal Zone (Panama) The Territory of Hawaii Puerto Rico American Samoa Virgin Islands of the United States 78,370 56,656 444,845 1,996,444 14,025 47,418 21,006 249,722 108,196 1,21 i Demand 35,. 406 16.405 116.832 78,225 445 Per capita Time Total Demand 12,012 4,601 132,890 29,971 766 605.05 370.76 561.37 54.19 86.35 451.78 289. 55 262.64 39.18 31.73 Time 153.27 81.21 298.73 15.01 54.62 26,013 2,420 1,022 1,398 93.03 39.29 53.74 2,616,353 429,973 248,335 181,638 164.34 94.92 69.42 Total United States and 129, 526,353 90,109,877 59,384,625 30, 725,252 possessions 695.69 458. 48 237.21 Total possessions2 1 Civilian population only; excludes approximately 10,500,000 men estimated to be in the armed forces as of Dec. 31, 1943. 2 Omitsfiguresfor Guam and the Philippines on account of the war. TABLE NO. 25.—Officials of Slate banking departments and number of each clastt of active banks under their supervision in December 1943 Cn o> Mutual savings State (commercial) i Insured Location Names of officials Titles Total , number i of banks ! Members Federal Reserve ' System Private Insured Not members Federal Reserve System Noninsured Members Federal Reserve System Not members Federal Reserve System hi Noninsured Noninsured 1 O h3 Homer E. Robinson. Clyde M . Davis Charles E. Burns Joseph Earl Perry Thomas J. Meehan. _ Richard Rapport Maine New HampshireVermont Massachusetts Rhode Island Connecticut Total New States. Bank Commissioner — ..do Commissioner of Banking and Insurance Commissioner of Banks Director of Business Regulation Bank Commissioner England New York New Jersey Pennsylvania Delaware Maryland District of Columbia. Elliott V . B e l l . . . . . . . Eugene E. Agger William C. Freeman. John C. Darby John W . D o w n i n g . . . Superintendent of Banks Commissioner of Banking and Insurance Secretary of Banking State Bank Commissioner Bank Commissioner Total Eastern States . Virginia West Virginia... North Carolina South Carolina.. Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee 63 55 41 260 23 148 Total Southern States. Milton R. Morgan A . W . Locke Gurney P. Hood W . Royden Watkins. John C. Beasley J. M . Lee Addie Lee Farish Joseph W . Latham W . J. Begnaud John Q. McAdams Thomas W . Leggett-.. Hiram Wilhoit H . B. Clarke Commissioner of Banking . . . . do .. . . . Commissioner of Banks Chief Bank Examiner Superintendent of Banks Comptroller, State of Florida Superintendent of Banks State Bank Comptroller State Bank Commissioner Commissioner, Department of Banking State Bank Commissioner. Director, Division of Banking . Superintendent of Banks M 9 2 16 tel 1 4 10 25 49 127 430 158 380 30 123 13 177 70 98 4 16 108 55 252 23 1,134 374 535 183 103 182 124 245 119 150 179 117 391 100 300 63 28 10 6 17 5 18 3 8 94 12 18 7 120 70 165 89 211 106 127 171 108 252 141 253 209 289 2.022 65 0 191 9 70 16 1 330 132 13 7 5 O g "Ì5 o 9 29 155 21 20 1-3 tt tel ta o K! 166 Ohio Indiana. H. Earl C«ok___ A . J . Stevenson. Illinois Michigan... Wisconsin.. MinnesotaIowa . Missouri... Arthur C. Lueder.. E. William Nelson. James B. M u l v a . . . F. A. Amundson— V . W . Ellis I). Ross Harrison.. Superintendent of Banks ... Director, Department of Financial Institutions. Auditor of Public Accounts Commissioner, State Banking DepartmentChairman, Banking Commission Commissioner of Banks Superintendent of Banking. Commissioner of Finance Total Middle Western States. North DakotaSouth DakotaNebraska Kansas. Montana Wyoming Colorado New Mexico... Oklahoma J. A. Graham Krling Haugo Wade R. Martin B. A. Welch W . A. Brown . . . __• Norris E. Hartwell **aple T. Harl Woodlan P. Saunders.__ Carl B. Sebring State Examiner Superintendent of Banks... Director of Banking.. Bank Commissioner Superintendent of Banks.._ State Examiner.. State Bank Commissioner_ State Bank Examiner. Bank Commissioner Total Western States. Washington. Oregon California. Idaho Utah Nevada Arizona J. C. Minshull A. A. Rogers Benjamin C. Corlett... O. L. Jenkins R. F. Starley D. G. La Rue... George G. Williams Supervisor of Banking Superintendent of Banks.. do . Commissioner of Finance_ Bank Commissioner Superintendent of Banks. . ... do Alaska.. Canal Zone (Panama) The Territory of Hawaii Puerto Rico .... American Samoa 0 scar G. Olson- Secretary, Territorial Banking Board. Bank ExaminerTreasurer Total possessions 6 Total United States and possessions. 1 2 3 173 96 249 «252 7 11 1 483 356 465 488 542 514 119 152 50 24 61 85 353 187 401 428 426 397 11 17 10 35 55 32 2 1 1 3,666 760 2,693 178 3 7 115 126 275 450 69 30 63 19 184 23 16 36 28 10 15 5 13 105 102 205 238 41 20 42 14 161 10 1 54 175 1,331 146 928 256 90 47 115 31 45 4 7 15 7 19 10 22 2 2 69 35 76 20 23 2 5 4 4 20 1 2 1 77 230 29 3 1 13 2 7 13 1 339 Total Pacific States _ Includes loan and trust companies and stock savings banks. Includes 8 guaranty savings banks. Includes 1 private bank. 3 2 443 375 13 *2 8 5 13 1 37 9, 575 1,695 1 11 12 1 I 2 23 1 6 1 36 759 hrj ^ w H O 10 6, 536 IO 1 O £ "d ¡3 O t* g w o « a 3 181" 353 48 îzî o « Branches of 2 American national banks. «Includes 2 American national banks having branches in Puerto Rico. • Excludes figures for Guam and The Phillipines because of the war. <1 TABLE NO. 26.—Summary of status, progress, and results of liquidation of all national banks 1 placed in charge of receivers from the date of the first national bank failure, Apr. 14f 1865, to Dec. 81, 1948 National and District of Columbia nonnational banks Completely liquidated and finally closed Number of receiverships 3 2,796 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 of remaining assets — Disposition of collections: Dividends paid by receivers to unsecured creditors (including dividends paid to secured creditors for 815 banks completely liquidated to Oct. 31, 1929) , 3 2,822 Completely In process liquidated of liquiand finally dation closed U4 1 National banks Total «15 Completely liquidated and finally closed «2,782 In process of liquidation 25 Total 5 2,807 $2,827,899 $27,161,377 $3,047,262,540 $667,616,734 $3,714,879,274 1,745,115,640 197,948,808 468,814,264 55,890,498 2,213,929,904 253,839,306 16,261,102 1,922,467 2,298,266 167,427 18,559,368 2,089,894 1,708,854,538 196,026,341 1,085,759,280 136,671,924 1,222,431,204 6,123,423 274,237 6,397,660 1,079,635,857 9,067,947 42,772,290 9,067,947 26,486 87,969 26,486 87,969 42,745,804 3,071,596,018 670,444,633 3,742,040,651 24,333,478 2,827,899 27,161,377 1,745,115,640 152,788,091 468,814,264 26,078,130 2,213,929,904 178,866,221 16,261,102 607,036 2,298, 266 4,778 106,961,731 197,948,808 54,516,725 55,890,498 161,478,456 253,839,306 1,113,823 1,922,467 42,772,290 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 Total 26 Total $3,071,596,018 $670,444,633 $3,742,040,651 $24,333,478 Total assets taken charge of by receivers Total. In process of liquidation District of Columbia nonnational banks 2 466,515,998 55,723,071 136,397,687 2,195,370,536 251,749,412 1,216,033,544 42,745,804 8,979,978 3,047,262,540 ""8,"979,"978" 667,616,734 3,714,879,274 18,559,368 611,814 1,728,854,538 152,181,055 466,515,998 26,073,352 2,195,370,536 178,254,407 312,843 167,427 1,426,666 2,089,894 105,847,908 196,026,341 54,203,882 55,723,071 160,051,790 251,749,412 233,649 1,500 235,149 233,649 1,500 235,149 - 2,203,047,919 605,301,117 2,808,349,036 19,904,428 2,783,314 22,687,742 2,183,143,491 602,517,803 2,785,661,294 1,022,476,223 379,050,471 1,401,526,694 9,098,148 1,631,588 10,729,736 1,013,378,075 377,418,883 1,390,796,958 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 33,650,205 859,161 34,509,366 35,202 35,202 33,615,003 859,161 34,474,164 2,838,102 10,750 165,680,350 1,361,256 40,605,587 206,285,937 1,361,256 Distributions by conservators to secured creditors. Payments to secured and preferred creditors (including disbursements for the protection of assets for 597 banks completely liquidated to Oct. 31, 1926) Offsets allowed and settled (against liabilities) Disbursements for the protection of assets (unavailable as separate item for 597 banks completely liquidated to Oct. 31,1926) Payments of receivers' salaries, legal and other ex- 168,518,452 1,372,006 40,605,587 209,124,039 1,372,006 2,838,102 10,750 619,149,104 197,948,808 85,635,827 55,890,498 704,784,931 253,839,306 4,305,534 1,922,467 595,113 167,427 4,900,647 2,089,894 614,843,570 196,026,341 85,040,714 55,723,071 699,884,284 251,749,412 hj O 7,655,348 525,230 8,180,578 17,032 2,362 19,394 7,638,316 522,868 8,161,184 Payments of conservators' salaries, legal and other expenses — Amounts returned to shareholders in cash Cash balances in hands of Comptroller and receivers 135,260,524 10,057,929 33,106,455 958,223 168,366,979 11,016,152 1,502,007 167,236 244,459 33,774 1,746,466 201,010 133,758,517 9,890,693 32,861,996 924,449 166,620,513 10,815,142 o 6,959,320 6,959,320 7,950 7,950 6,951,370 8,561,074 8,561,074 602,517,803 2,785,661,294 8 360,214,675 40,345,000 8 400,559,675 176,392,631 161,510,631 14,882,000 176,392,631 14,882,000 14,495,780 38,225,000 493, 852,889 176,392,631 170,552,785 329,073,807 2,379,461,698 1,812,920 17,350,589 100,000 1,796,607 1,912,920 19,147,196 161,510,631 156,057,005 289,035,887 1,868,258,220 14,882,000 14,495,780 38,125,000 492,056,282 176,392,631 170,552,785 327,160,887 2,360,314,502 50, 772,819 514,505,751 4,598,285 596,653 5,194,938 459,134,647 50,176,166 509,310,813 15,695,466 412, 523,244 95,859,824 2,115,462,059 763,906 16,218,453 45,964 1,631,230 809,870 17,849,683 79,400,452 1,686,720,362 15,649,502 410,892,014 95,049,954 2,097,612,376 71.99 101.94 77.83 73.88 100.02 76.27 71.98 101.94 77.85 84.10 100.31 87.13 80.18 98.15 81.92 84.13 100.32 87.18 6.94 5.63 8.47 10.00 6.93 5.61 6.64 8,669,665 8,669,665 2,203,047,919 605,301,117 2,808,349,036 « 362,467,595 Capital stock at date of failure United States bonds held at failure to secure circulating 161,510,631 notes United States bonds held to secure circulation, sold 161,510,631 and circulation redeemed 156,057,005 Circulation outstanding at date of failure 290,848,807 Assessments upon shareholders 1,885,608,809 Deposits at date of failure Borrowed money (bills payable, rediscounts, etc.) at 463,732,932 date of failure I — Additional liabilities established subsequent to date 80,164,358 of failure 1,702,938,815 Claims proved (both secured and unsecured) 40,445,000 e 402,912,595 14,882,000 Total _ Average percent dividends paid to claims proved Average percent total payments to creditors to total liabilities established Average percent total costs of liquidation to total collections including offsets allowed... 1 Including District of Columbia nonnational banks and building and loan associations. 2 Including building and loan associations. 5 Does not include 159 banks restored to solvency. * Does not include 1 bank restored to solvency. 6,951,370 108,591 108,591 19,904,428 2,783,314 22,687,742 ' 2,252,920 100,000 7 2,352,920 2,183,143,491 Does not include 158 banks restored to solvency, e Includes $23,100,000 capital stock of 159 banks restored to solvency. 7 Includes $50,000 capital stock of 1 bank restored to solvency. 8 Includes $23,050,000 capital stock of 158 banks restored to solvency. 5 § n H w tel a o S o W f t* a w o stel o d g tel o Cn O TABLE NO. a> 1 placed in receivership period Apr. 14, 1865, o to Dec. 81, 1948, by groups according to percentages of dividends paid to Dec. 81,1948 27.—Number and deposits of national and District of Columbia nonnational banks Liquidation banks Dividends paid, 100 percent and over Periods and bank groups Number of banks Receiverships completely liquidated and finally closed or restored to solvency, 1865 to 1943 (2,955 banks): Apr. 14, 1865 to Oct. 31, 1930, (Data for individual annual report years unavailable; deposits prior to 1880 unavailable for 84 banks) (974 banks) Nov. 1, 1930 to Oct. 31,1931 . N'ov. 1, 1931 to Oct. 31, 1932 Nov. 1, 1932 to Oct. 31,1933.. Nov. 1, 1933 to Oct. 31, 1934 . Nov. 1, 1934 to Oct. 31, 1935 Nov. 1, 1935 to Oct. 31, 1936 Nov. 1, 1936 to Oct. 31, 1937. Nov. 1, 1937 to Oct. 31, 1938 Nov. 1, 1938 to Oct. 31, 1939. Nov. 1,1939 to Oct. 31,19^0 Nov. 1, 1940 to Oct. 31, 1941 Nov. 1, 1941 to Dec. 31, 1942 Jan. 1,1943 to Dec. 31,1943 . . . . . . . .. Total 1931-43 (1,981 banks) Active receiverships as of Dec. 31, 1943 (26 banks) Grand total (2,981 banks) . Deposits Number of banks Deposits Number of banks 208 $77,296,606 163 $64, 572, 547 211 6 11 8 8 28 40 86 »76 26 19 *7 14 6 1,994,080 15,873,316 4,412,925 4.431,721 5; 083.636 14,723,916 50, 715,003 33,477,651 20,910,457 17,397,983 18,147,843 77,234,820 16,260,257 16 16 13 18 29 46 80 110 61 36 39 46 8 5,323,140 5,549, 989 5,826, 514 8, 517,835 11,801,668 12,246, 387 38,690,969 54,346, 379 58,631,031 43,639.246 68,673,118 248,608,395 75,837,758 22" 33 21 17 34 56 85 106 42 38 4 42 26 8 335 t 280,663,608 ! 2 1 400,594,613 ! 515 758, 554,827 Deposits Number of banks $66,952,690 8,334,115" 14,038,797 9,692,212 10,532, 532 13,854,445 18,483,929 38,027,988 56,203,459 32,056,684 43,319,262 76,497,725 72,320,682 39,828,007 156 29~ 27 15 8 30 43 52 48 21 15 «10 14 5 Deposits Number of banks $45,465,025 8,497,657 10,027,603 6,902,413 1,451,334 9,062,628 12, 556, 918 19, 900,033 16,991,046 10,103,204 9,332,899 10, 540, 731 52,025,720 24,606,118 Deposits 159 $30,828,899 18~ 10 12 13 31 29 38 24 9 4 4 4 3 5, 589,946 2,250,071 3,095,192 1,657,228 4,319,951 4,452,292 7,420,214 6,158,246 2,269,805 8,005,471 8,201,086 1, 584,920 1,944,442 518 i 637,692,429 530 433,189,837 317 191,998,304 199 56,948,864 11 1 56,417,814 7 31,508,205 2 324,937 4 5,007,320 692 758,682, 790 1 748 531,650,732 1 1 Including building and loan associations. Deposits for banks restored to solvency unavailable. »Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1933, but reopened as a receivership and again closed during the year ended Oct. 31, 1938. * Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1928, but reopened as a receivership during the year ended Oct. 31, 1940, and again closed during the year ended Oct. 31, 1941. 2 Dividends paid, less than 25 percent Dividends paid, 25 to 49.9 percent Dividends paid, 50 to 74.9 percent Dividends paid, 75 to 99.9 percent 475 237,788,266 i Total banks Number of banks 897 91~ 97 69 64 152 214 341 364 159 112 . 102 104 30 Deposits Number of banks restored to solvency 2 $285,115,767 29,738,938 47,739,776 29,929,256 26,590,650 44,122,328 62,463,442 154,754,207 167,176, 781 123,971,181 121,694,861 182,060, 503 451, 774, 537 158,476,582 77 974 8~ 25 9 28 11 1 0 0 0 0 0 0 0 99 122 78 92 163 215 341 364 159 112 102 104 30 1,899 1,600,493,042 82 493,852,889 0 26 362 1 92,785,083 1 2,822 12,379,431,698 1 Total number of 'all banks 159 1 1,981 26 2,981 5 Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1936, but reopened as a receivership during the year ended Oct. 31,1937, and again closed during the year ended Oct. 31, 1938. (Data relative to reopening and second final closing included in report for year ended Oct. 31,1941.) 61EEPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 28.—Liquidation statement, 56 receiverships in liquidation during year ended Dec. 31, 1943 Total all receiverships Number of banks 56 . 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 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 . Payments of receivers' salaries, legal and other expensesPayments of conservators' salaries, legal and other expenses. Amounts returned to shareholders in cash Decrease in unpaid balance of Reconstruction Finance Corporation loans Cash balances in hands of Comptroller and receivers at end of period Total. ' Credit items (deductions) as reported by receivers. 588768—44 District of Columbia nonnational bank receiverships ft $21,066,917 1,870,072 270,766 765,963 609,262 $94,885 8,967 4,778 2,352 126 24,582,980 111, 108 13,815,965 58,951 24 83,963 609,262 ' 537, m 1,781,247 ' 108 84,509 '1 126 * 888 2,705 1 16,748 8,669,665 108,591 24,582,980 111, 108 62 EE TABLE PORT OF THE COMPTROLLER OF THE CURRENCY 29.—Liquidation statement, SO administered receiverships completely liquidated and finally closed, during year ended Dec. 81, 1948 NO. Total all receiverships Total assets taken charge of by receivers Disposition of assets: Collections from assets Offsets allowed and settled (against assets) Losses on assets compounded or sold under order of court.. Book value of assets returned to shareholders' agents Total Collections: Collections from assets Collections from stock assessments Earnings collected Offsets allowed and settled (against assets) Unpaid balance of Reconstruction Finance Corporation 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 Payments of receivers' salaries, legal and other expenses - _ Payments of conservators' salaries, legal and other expenses Amounts returned to shareholders in cash Total District of Columbia nonnational National bank receiverships bank receiverships 30 30 $293,712,726 $293,712,726 162.481,357 16,686,928 114,461,012 83,429 162,481,357 16,686,928 114,461,012 83,429 293,712,726 293,712,726 162,481,357 11,105,188 15.955.328 16,686,928 162,481,357 11,105,188 15,955,328 16,686,928 102,764 102,764 206,331,565 206,331,565 59,576,303 1,871.337 33,370,859 531,717 59,576,303 1,871,337 33,370,859 531,717 78,765,973 16,686,928 361,524 12,710,593 78,765,973 16,686,928 361,524 12,710,593 2,256,822 199,509 2,256,822 199,509 206,331,565 206,331,565 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. Deposits at date of failure. Borrowed money (bills payable, rediscounts, etc.) at date of failure Additional liabilities established subsequent to date of failure.. Claims proved (both secured and unsecured) 28,075,020 8,175,000 28,075,020 8,175,000 8,175,000 8,081,365 27,525.020 158,476,582 8,175,000 8,081.365 27,525,020 158,476,582 61,032,287 7,091,563 132,916,043 61,032,287 7,091,563 132,916,043 Average percent dividends paid to claims proved. Average percent total payments to creditors to total liabilities established _ Average percent total costs of liquidation to total collections including offsets allowed Average number of years required to complete liquidation 71.74 71.74 84.20 84.20 7.43 9.0 7.43 9.0 63EEPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 30.—Liquidation statement, 26 active receiverships as of Dec. 31, 1948 Total all receiverships Number of banks - Total assets taken charge of by receivers Disposition of assets: Collections from assets Offsets allowed and settled (against assets) Losses on assets compounded or sold under order of court. Book value remaining assets. — Total Collections: Collections from assets. .. Collections from stock assessments Earnings collected Offsets allowed and settled (against assets) Unpaid balance Reconstruction Finance loans Corporation 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... Payments of receivers' salaries, legal and other expenses. __ Payments of conservators' salaries, legal and other expenses. Amounts 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. Deposits at date of failure Borrowed money (bills payable, rediscounts, etc.) at date of failure Additional liabilities established subsequent to date of failure.. Claims proved (both secured and unsecured) Average percent dividends paid to claims proved Average percent total payments to creditors to total liabilities established Average percent total costs of liquidation to total collections including offsets allowed District of Columbia National bank nonnational receiverships bank receiverships 26 1 25 $670,444,633 $2,827,899 $667,616,734 468,814,264 55,890,498 136,671,924 9,067,947 2,298,266 167,427 274,237 87,969 466,515,998 55,723,071 136,397,687 8,979,978 670,444,633 2,827,899 667,616,734 468,814,264 26,078,130 54,516,725 55,890,498 2,298,266 4,778 312,843 167,427 466,515,998 26,073,352 54,203,882 55,723,071 1,500 1,500 605,301,117 2,783,314 602,517,803 379,050,471 859,161 40,605,587 1,631,588 377,418,883 859,161 40,605,587 85,635,827 55,890,498 525,230 33,106,455 958,223 595,113 167.427 2,362 244,459 33,774 85,040,714 55,723,071 522,868 32,861,996 924,449 8,669,665 108,591 8,561,074 605,301,117 2,783,314 602,517,803 40,445,000 14,882,000 100,000 40,345,0C0 14,882,0C0 14,882,000 14,495,780 38.225,000 493; 852,889 166,000 1,796,607 14,882,000 14,495,780 38,125,000 492,056,282 50,772,819 15,695,466 412,523,244 596,653 45,964 1,631,230 50,176,166 15,649,502 410,892,014 101.94 100.02 101.94 100.31 98.15 100.32 5.63 10.00 5.61 64 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 31.—National banks in charge of receivers during year ended Dec. 81, nominal amounts of total assets and total liabilities at date of failure, capital offsets allowed and earnings, together with the disposition of such collections, Dec. 81, 1948 TABLE Organization Name and location of banks Charter No. Date Failure Capital stock at date of Date receiver appointed CONNECTICUT 2958 Plantsville National Bank, Plantsville 4 . 12637 Jan. 16,1925 $50,000 June 26,1939 1470 City National Bank in Miami. 13159 Dec. 23,1927 500,000 Dec. 23,1930 1715 2069 Waukegan National Bank, Waukegan Calumet National Bank, Chicago. Peoples National Bank & Trust Co. of Chicago. 10355 3102 Mar. 7,1913 Dec. 20,1883 250,000 400,000 June 22,1931 Oct. 7,1931 13311 Apr. 2,1929 1,000,000 June 27,1932 First National Bank, G a r y . . Old-First National Bank & Trust Co., Fort Wayne. 7 First National Bank in Lowell 1 8426 3285 Oct. 9,1906 Dec. 20,1884 250,000 1, 750,000 Jan. 27,1932 Nov. 2,1933 5931 July 11,1901 50,000 Feb. 21,1934 National Bank of Kentucky, Louisville The Taylor National Bank, Campbellsville. « 4 5312 6342 Apr. 23,1900 July 17,1902 4,000,000 100,000 Nov. 17,1930 Aug. 24,1937 Commercial National Bank, Shreveport 3600 Nov. 18,1886 1,000,000 Feb. 21,1936 Mar. 30,1923 Nov. 28,1864 200,000 8,950,000 Feb. 3,1932 Mar. 18,1936 Apr. 22,1914 Jan. 2,1885 25,000,000 1.000,000 M a y 11,1933 Sept. 25,1933 ILLINOIS INDIANA 1931 2524 2738 KENTUCKY 1424 2947 LOUISIANA MASSACHUSETTS 1946 2935 Middlesex National Bank, Lowell. Atlantic National Bank, Boston 2299 2397 First National Bank-Detroit, Detroit 7 Grand Rapids National Bank, Grand Rapids.7 Capital National Bank, Lansing 7 MICHIGAN 2766 10527 3293 16,1906 600,000 8148 Jan. 9912 Nov. 17,1910 2,800,000 June 11,1932 13592 9955 Jan. 15,1932 Mar. 2,1911 250,000 2,000,000 Jan. 16,1933 ! Oct. 16,1933 j 11655 1287 653 6427 5411 Feb. May Dec. Aug. May 17,1920 20,1865 9,1864 18,1902 28,1900 400,000 800,000 1,000,000 500,000 150,000 Nov. 14,1933 1 Jan. 22,1934 Jan. 23,1934 Feb. 1,1934 Feb. 2,1934 13336 June 10,1929 500,000 Aug. 14,1937 Sept. 3,1913 60,000 Nov. June 21,1900 25,000 Sept. 21,1934 50,000 Jan. 17,1941 200,000 Oct. 24,1933 Mar. 13,1934 j NEW JERSEY 2045 New Jersey National Bank & Trust Co., Newark. NEW YORK 2232 2459 2565 2697 2702 2711 2719 2946 2962 First National Bank in Mamaroneck Harriman National Bank & Trust Co. of the City of New York, N . Y . 7 Richmond National Bank, New Y o r k 7 Salt Springs National Bank, Syracuse 7 .. First National Bank & Trust Co., Yonkers 7 National City Bank, New Rochelle 7 First National Bank & Trust Co., Mamaroneck.1 Fort Greene National Bank in New York, N. YA First National Bank, Forestville 4 . 10444 OHIO First National Bank, Bethesda 7 - 5602 1,1941 OKLAHOMA 2960 First National Bank, Anadarko 4 5905 June 20,1901 OREGON 2463 First National Bank in Salem 7 Ì footnotes at end of table. 3405 Oct. 8,1885 65 EE PORT OF THE COMPTROLLER OF THE CURRENCY 194$, dates of organization, appointment of receivers and final closing, with stock and stock assessments, amounts collected from all sources, including and various other data indicating the progress and results of liquidation to Circulation Liabilities Borrowed money (bills Total depayable, re- posits at discounts, date of etc.) at failure date of failure Additional Total liabilLawful liabilities ities estabmoney established lished to deposited to date of date of to retire report report Assets and assessments Outstand- Book value Additional assets reof assets ing at ceived at date of date of since date failure failure of failure $421,461 $51,906 3,367 $380,181 $104,266 2958 $362,960 5,996,970 133,086 6,493,016 7,336,197 829,958 1470 163,501 482,691 2,061,344 2,870,921 2,299,269 3,729,097 98,685 144,220 267,805 3,133,107 2,926,180 6,058,246 $250,000 99,520 $250,000 99,520 3,477,495 3,506,809 7,281,242 140,590 222,353 350,702 1609 1715 875,000 7,782,834 2,703,458 14,443,693 35,138 !, 205,260 3,613,596 25,' 431,787 244,240 1,750,000 244,240 1,750,000 4,060,502 25,020,700 421,889 3,603,381 1931 2524 766 35,071 69,945 14,807 2738 931,827 46,978 34,981,838 1,576,099 40,301,411 1,651,199 4,055,017 140,846 1424 2947 219,493 3,481,422 4,979,086 394,630 2934 32,382 388,819 4,988,664 11,765,032 176,960 5,198,605 29,580,801 72,424 98,173 1946 2935 3,062,933 418,110,939 134,960 15,429,335 1,351,060 500,000 9,351,060 468,615,208 36,160,643 500,000 16,721,890 596,752 2299 2397 34,305 7,083,021 50,000 26,966,990 1,479,121 3,261,929 114,210 11,376,213 4,842,072 16,250,000 398,798,006 2,456,322 12,838,053 2,500,000 600,000 1,160,675 12,446,482 174,913 13,782,070 5,703,466 7,946,632 206,822 13,856,920 1,410,856 1,388,500 1,944,442 23,760,278 195,586 644,346 3,550,884 25,793,124 49,700 300,000 1,030,954 1,144,260 4,459,262 3,119,707 1,852,011 3,156,024 4,165,850 12,746,547 7,127,736 112,416 82,117 657,267 294,039 243,801 4,299,394 5,392,227 17,863,076 10,541,482 2,095,812 125,000 2,015,717 33,276 303,850 70,137 509,047 721,282 210,639 1,420,988 2,500,000 176,960 600,000 16,355, 303 1,263,289 2766 16,935,633 840,738 2045 49,700 300,000 3,764,480 28,772,185 210,222 3,920,426 2459 335,480 335,480 "295,"700 "295,750 4,824,249 6,365,136 18,058,725 11,097,488 1,861,308 62,058 292,354 492,337 642,532 207,704 2565 2697 2702 2711 2719 2,173,993 2,475,163 333,075 2946 2,172 306,022 328,150 41,350 2962 31,655 610,839 647,532 23,872 2890 297,390 1,018,672 822,042 75,704 2960 61,308 1,692,935 1,903,881 82,502 2463 1,026,600 1,026,600 25,000 100,000 25,000 100,000 REPORT O f THÈ C0MPTRÓLLÈR OP THÈ CURRENCY 66 banks in charge of receivers during year ended Dec. 81, nominal amounts of total assets and total liabilities at date of failure, capital offsets allowed and earnings, together with the disposition of such collections, Dec. 81y 1948—Continued T A B L E N O . 31.—National Assets and assessmentsContinued Progress of liquidation to date of this report Total assessments upon shareholders Total assets and stock assessments Cash collections from Cash collections from stock Receivership earnings, cash collections from interest, premium, rent, etc. 2958 $25,000 $509,447 $358,547 $1,770 $5,887 $36,261 1470 500,000 8,666,155 4,076,157 870,611 714,164 1609 1715 2069 250,000 400,000. 1,000,000 3,868,085 4,129,162 8,631,944 1,778,424 4,401,796 147,714 225,658 328,615 210,951 171,751 387,529 366,407 218,150 229,567 1931 2524 250,000 1,750,000 4,732,391 30,374,081 2,932,979 20,097,376 149,224 802,442 218,901 2,241,329 218,531 4,662,522 2738 50,000 134,752 22,657 8,883 1424 2947 4,000,000 100,000 48,356,428 1,892,045 26,829,301 1,448,492 1,062,488 22,204 5,373,716 3,441,704 1,862,801 Unpaid balance, R. F. C. loans Offsets allowed and settled $1,500 1,022,809 39,059 4,557,823 85,136 470,831 1946 2935 200,000 8,950,000 5,471,029 38,628,974 2,646,265 10,507,631 27,579 902,059 250,914 398,522 158,237 2299 2397 25,000,000 1,000,000 529,775,851 18,318,642 370,174,154 11,494,648 19,723,652 400,000 46,416,545 1,061,338 38,079,391 1,106,392 2766 600,000 18,218,592 11,497,385 240,000 923,675 2045 2,800,000 20,576,371 11,940,718 1,268,683 692,112 2232 2459 2,000,000 250,000 4,224,702 34,692,611 1,831,959 20,490,771 98,433 1,148,760 108,230 1,216,109 2565 2697 2702 2711 2719 1,000,000 400,000 800,000 500,000 150,000 5,286,307 7,457,490 19,551,062 12,240,020 2,219,012 3,080,841 4,488,080 11,695,672 6,659,969 516,876 182,238 503,777 741,617 249,414 72,697 414,614 485,165 1,047,886 815,225 57,939 345,225 286,346 1,231,233 667,764 65,381 2946 350,000 3,158,238 1,812,925 108,953 71,087 121,384 4,663 23,018 40,256 48,508 20,110 279,884 71,151 117,663 369,500 2962 25,000 696,404 897,746 2463 200,000 2,186,383 See footnotes at end of table. " 266,203 436,048 15,717 516,713 1,548,780 140,015 102,764 249,291 2,034,322 67 EE PORT OF THE COMPTROLLER OF THE CURRENCY 194Sj dates of organization, appointment of receivers and final closing, with stock and stock assessments, amounts collected from all sources, including and various other data indicating the progress and results of liquidation to Progress of liquidation to date of this report—Continued Total collecLosses on tions from all assets comsources includ- pounded or ing offsets sold under allowed and order of unpaid balance court R. F. C. loans Book value of uncollected assets $402,465 Disposition of proceeds of liquidation- Distributions by. Book value Book value conservators— of remaining of assets uncollected returned to stock shareholders' To secured To unsecured creditors creditors $23,230 2958 160,902 1470 1609 1715 2069 6,000,030 3,375,834 2,587, S73 2,393,983 5,347,507 1,372,057 1,710,599 2,632,061 $16,820 21,989 368,520 102,286 174,342 671,385 3,519,635 27,803,669 1,330,881 3,531,607 332,576 100,776 947,558 35,023 28,499 33,596 41,117 2738 33,472,421 1,594,891 11,774,578 258.417 1,194,726 2,937,512 77,796 1424 2947 3,912,535 1,890,373 41,639 11,808,212 3,082,995 2,466,527 19,171,343 172,421 8,047,941 474,393,742 14,062,378 96,522,306 4,717,602 5,276,348 600,000 13,260,146 5,522,121 360,000 14,991,182 4,745,984 1,531,317 2,390,677 24,889,962 1,893,452 10,167,518 151,567 851,240 4,022,918 5,763,368 14,716,408 8,392,372 712,893 1,460,241 1,656,399 5,543,226 4,412,287 1,486,755 226,665 80,931 217,762 296,223 258,383 250,586 77,303 2,114,349 172,317 701,612 241,047 293,884 4,321 540,529 186,848 816,707 101,149 1,877,609 319,940 $4,363,554 1931 2524 2934« 1946 2935 $805 31,570,752 5,524,318 2397 4,360,038 2766 2045 391,375 7,778,174 4,506,756 1,804,470 2459 2565 2697 2702 2711 2719 2962 75,958 9,283 164,525 2890 2960 59,985 567,614 2463 68 EE PORT OF THE COMPTROLLER OF THE CURRENCY banks in charge of receivers during year ended Dec. 81, nominal amounts of total assets and total liabilities at date of failure, capital offsets allowed and earnings, together with the disposition of such collections, Dec. 81, 1948—Continued T A B L E N O . 31.—National Disposition of proceeds of liquidation—Continued Dividends paid by receivers— On secured claims 2958 On unsecured claims Secured and preferred liabilities paid except through dividends, in- Cash advanced Conservators' salaries, legal in protection and other of assets Receivers' salaries, legal and other expenses allowed $297,816 $39,674 $20,044 1470 $18,260 2,610,133 2,578,810 $7,477 785,350 1609 1715 2069 51,177 1,582,685 1,006,613 2,075,622 602,872 979,521 2,708,924 31,634 3,103 780 256,634 265,972 477,567 1931 2524 44,425 255,257 1,380,629 5,700,422 1,852,339 14,063,735 6,450 7,488 24,105 2738 17,209,972 752,414 1424 2947 1946 919,775 2299 2397 2766 $186,871 805 2045 235,792 1,449,130 10,287 12,148,348 688,384 101,717 3,746,476 64,372 100,909 2,485,960 11,871 300,032 10,833,386 16,504 280,499 43,180 333,128,056 3,398,180 83,877,270 4,229,395 6,702 450,099 86,866 24,227,488 816,917 5,639,108 2,614,053 128 25,165 620,044 ,796,263 8,556,306 1,055 4,406 637,558 2232 2,502 94,617 76,001 6,075,886 1,978,214 8,695,636 46,503 1,066 304,146 2565 2697 2702 2711 2719 2,800 57,887 2,018,897 3,567,754 1,361,209 1,211,258 1 1,475,206 1,737,128 6,163,031 4,388,307 630,928 8,300 15,461 221,380 83,973 69,340 45,597 218,477 105,536 2946 2,068 1,130,012 660,565 2962 206,603 42,823 2890 86,223 196,648 391,791 400,537 2463 See footnotes at end of table. 877,871 2,647,757 73,599 287,457 1,549,062 448,375 374,274 1,246,905 798,828 24,077 167,964 9,986 19,000 34,873 24,379 843 20,493 72,430 69EEPORT OF THE COMPTROLLER OF THE CURRENCY 1948, dates of organization, appointment of receivers and final closing, with stock and stock assessments, amounts collected from all sources, including and various other data indicating the progress and results of liquidation to Disposition of proceeds of liquidation—Continued Cash in hands of Comptroller and receivers $44,931 Amount returned to shareholders in cash Amount of claims proved Dividend (percent) $425,431 Interest dividend (percent) Date finally closed 70 3,825,900 8.7 114,048 87,597 84,614 2,509,728 1,877,465 3,292,421 53.5 1,777,212 1,763,681 11,028,514 80.8 90 462 35,071 1,364,627 76,088 22,261,782 885,193 Sept. 30,1943 1609 1715 2069 July 26,1943 8 77 85 1424 2947 2934 4,681,657 931,646 333,166,432 11,183,877 53.1 100 8 100 »79.78 7.565 11,132,980 5,277,486 23,154 998,650 152,042 39,260 1931 2524 2738 778 1,140,077 1470 100 «9.83 Mar. 22,1943 Mar. 27,1943 1946 2935 Sept. 7,1943 2299 2397 Jan. 20,1943 2766 e Jan. 9,1943 2045 1,570,060 17,217,015 5 83.29 June 30,1943 Apr. 30,1943 2232 2459 2,831,508 3,638,740 11,619,835 6,157,060 2,042,084 71.4 97.5 8 50 8 48.98 2.8538 Mar. 13,1943 2565 2697 2702 2711 2719 Feb. 27,1943 Apr. 30,1943 1,510,034 75 2946 260,156 80 2962 412,692 63.928 612,863 841,512 8 100 •7.6 July 14,1943 2960 Feb. 2463 6,1943 70 EE PORT OF THE COMPTROLLER OF THE CURRENCY 31.—National banks in charge of receivers during year ended Dec. 81, nominal amounts of total assets and total liabilities at date of failure, capital offsets allowed and earnings, together with the disposition of such collections, Dec. 31, 1943—Continued TABLE NO. Failure Organization Name and location of banks Charter No. Date Capital stock at date of PENNSYLVANIA National Bank of Fayette County» Uniontown. Uniontown National Bank & Trust Co., Uniontown. 19 Jefferson County National Bank, Brookville.7 First National Bank, Darby 7 First National Bank, Johnstown County National Bank, Clearfield 7 1 0 Bethlehem National Bank, Bethlehem * Commercial National Bank, Philadelphia 7 . Northwestern National Bank & Trust Co., Philadelphia.7 Sixth National Bank, Philadelphia 7 _. Reading National Bank & Trust Co., Reading.7 Farmers National Bank & Trust Co., Reading.7 Penn National Bank & Trust Co., Reading7. Commercial National Bank, Bradford 4 Lehigh Valley National Bank, Bethlehem 1. Keswick National Bank of Glenside First National Bank & Trust Co., Easton «. 681 12500 Dec. 19,1864 Feb. 4,1924 $500,000 250,000 July 27,1878 125,000 4428 51 855 3961 3604 3491 July 15,1890 June 15,1882 Feb. 6,1865 Dec. 10,1888 Dec. 7,1886 Apr. 3,1886 250,000 400,000 500.000 300,000 352 4887 Mar. 18,1864 Jan. 28,1893 300,000 600,000 Dec. 31,1864 1,000,020 4199 2050 13141 1171 Mar. Jan. 1,1890 Sept. 6,1872 Nov. 7,1927 M a y 3,1865 1,000,000 300,000 400,000 150,000 600,000 13654 1606 Dec. 30,1932 Oct. 25,1865 1,500,000 2,500,000 12731 Jan. 28,1925 50,000 14234 June 26, 1934 50,000 3515 M a y 18,1886 700,000 9635 6246 Oct. 25,1909 Mar. 8,1902 25,000 85,000 9462 June 19,1909 400,000 2,000,000 500,000 TENNESSEE Chattanooga National Bank, Chattanooga7. First National Bank, Chattanooga 2 TEXAS Security National Bank, Bowie VERMONT Poultney National Bank, Poultney * VIRGINIA First National Bank & Trust Co., Petersburg.7 National Bank of Herndon* Parksley National Bank, Parksley<.__ WEST VIRGINIA National Bank of Fairmont 7 ___ WISCONSIN First National Bank of Dodgeville Total Total Total Total Mar. 14,1903 100,000 Grand total (55 receiverships), 68,420,020 active (25 receiverships). finally closed (30 receiverships). 1943 failures (2 receiverships) activity 1943 (55 receiverships)- 40,345,000 28,075,020 650,000 700,000 jSee footnotes at end of table, 71 EE PORT OF THE COMPTROLLER OF THE CURRENCY 1948, dates of organization, appointment of receivers and final closing, with stock and stock assessments, amounts collected from all sources, including and various other data indicating the progress and results of liquidation to Circulation Liabilities Borrowed money (bills Total depayable, re- posits at discounts, date of etc.) at failure date of failure $1,107,600 $8,931,863 Additional Total liabilliabilities ities estabestablished lished to to date of date of report report $241,821 $10,281,184 84,832 295,941 Lawful money to retire $200,000 Assets and assessments Additional Outstand- Book value assets reof assets ing at ceived at date of since date date of failure failure of failure $200,000 $11,033,619 $582,789 1722 639,480 21,230 2543 380,773 162,622 1,470,625 137,388 1,770,635 50,000 50,000 1,862,878 90,846 2552 1,229,964 2,372,076 1,175,007 1,484,873 4,892,140 3,043,562 2,967,666 11,011,789 3,428,707 4,335,044 8,150,620 3,820,635 147,847 191,879 100,204 119,867 471,975 280,136 4,345,477 13,575,744 4,703,918 5,939,784 13,514,735 7,144,333 100,000 397,650 495,237 50,000 950,000 197,400 100,000 397,650 495,237 50,000 950,000 197,400 4,823,681 15,528,795 6,076,149 6,608,564 16,744,710 9,002,916 197,047 816,025 107,859 275,091 997,777 1,005,945 27C0 2725 2741 2781 2,622,010 3,021,681 3,426,956 7,263,125 252,479 1,059,673 6,301,445 11,344,479 149,998 590,900 149,998 590,900 6,376,803 12,372,997 315,552 875,436 2894 2904 2,336,093 6,809,523 333,152 9,478,768 575,000 575,000 11,112,987 1,002,618 2910 1,278,302 3,463,930 4,613,782 243,922 1,313,127 154,832 1,452 4,986,154 5,926,909 1,048,051 1,205,610 4,141,226 100,000 100,000 6,111,687 5,159,344 1,295,824 1,306,808 13 4,766,843 369,249 350,696 672,106 61,800 2916 2932 2954 2961 2965 893,"2Ï9 Ï,2Ô4,Ï58 « 4,141,226 2,944,618 6,003,349 9,883,045 246,444 5,136,316 13,074,107 11,139,665 17,118,352 7,506,036 135,733 4,244,078 2544 2659 87,033 141,119 5,252 233,404 281,229 59,879 1709 866,094 38,229 904,323 919,184 75,217 2964 ,147,880 3,061,875 133,626 4,343,381 692,200 692,200 5,089,954 955,437 2571 10,000 312,860 183,818 76,349 185 389,209 194,003 24,500 24,500 362,793 279,379 18,893 75,197 2921 2956 1,070,786 4,478,625 178,301 5,727,712 400,000 400,000 6,337,230 212,833 2562 411 912,204 940,956 63,789 2963 911,793 111,208,453 650,532,864 22,741,065 784,482,382 22,577,145 22,577,145 892,051,744 69,277,716 50,176,166 492,056,282 61,-032,287 158,476,582 5,007,320 5,007,320 15,649,502 557,881,950 14,495.780 14,495,780 615,714,173 51,902,561 7,091,563 226,600,432 8,081,365 8,081,365 276,337,571 17,375,155 5,686,027 75,217 5,045,549 38,229 5,686,027 823,565 5,396,322 389,002 72 EE PORT OF THE COMPTROLLER OF THE CURRENCY banks in charge of receivers during year ended Dec. 81, nominal amounts of total assets and total liabilities at date of failure, capital offsets allowed and earnings, together with the disposition of such collections, Dec. 81, 1948—Continued T A B L E N O . 31.—National Assets and assessmentsContinued Total assessments upon shareholders Total assets and stock assessments Progress of liquidation to date of this report Cash collections from Cash collections from stock Receivership earnings, cash collections from interest, premium, rent, etc. Unpaid balance, R. F. C. loans Offsets allowed and settled 2894 2904 2910 2916 2932 2954 2961 2965 $500,000 $12,116,408 910,710 250,000 125,000 2,078,724 250,000 5,270,728 400,000 16,744,820 6,184,008 300,000 7,183,655 2,000,000 19,742,487 500,000 10,508,861 300,000 6,992,355 13,848,433 600,000 1,000,020 13,115,625 1,000,000 7,480,936 300,000 5,810,040 400,000 2,367,930 1,368,608 4,766,843 $7,480,508 232,847 1,101,243 2,131,550 7,736,969 4,801,593 4,638,211 8,543, 277 4,446,821 3,593,661 6,573,329 6,687,044 3,664,688 3,585,617 670,638 1,047,173 $392,228 140,912 61,937 163,035 212,460 170,134 1,152,818 431,882 220,599 443,102 692,746 831,738 269,820 259,408 $930,672 39,557 102,817 444,126 1,765,415 467,267 735,765 744,770 302,224 219,791 840,834 749,947 2544 2659 1,500,000 2,500,000 18,754,085 14,250,114 10,327,070 3,354,669 366,716 1,667,086 1,041,247 326,045 1,448,654 3,476,301 1709 50,000 391,108 138,836 29,602 15,088 16,847 994,401 620,129 1722 2543 2552 2700 2725 2741 2781 2832 2964 122,212 401,564 741,517 226,752 159,667 1,503,590 772,688 479,527 1,220,947 807,622 327,702 46,931 14,548 2571 2921 2956 700,000 25,000 6,745,391 406,686 354,576 3,465,455 301,849 121,382 449,003 2562 400,000 6,950,063 4,125,269 2963 174,882 79,076 57,579 $605,420 5 249,332 23,866 7,573 346,565 29,762 6,309 290,498 427,315 482,307 751,655 1,004,745 65,650,020 1,026,979,480 628,997,355 37,178,540 38,125,000 705,741,734 466,515,998 26,073,352 27,525,020 321,237,746 162,481,357 11,105,188 5,761,244 620,129 6,509,592 1,861,105 265,988 35,898 70,159,210 54,203,882 15,955,328 14,548 763,611 32,795 $104,264 72,409,999 1,500 55,723,071 102,764 16,686,928 68,600 « 16,748 609,136 21,126 73 EE PORT OF THE COMPTROLLER OF THE CURRENCY 1943, dates of organization, appointment of receivers and final closing, with stock and stock assessments, amounts collected from all sources, including and various other data indicating the progress and results of liquidation to Disposition of proceeds of liquidation- Progress of liquidation to date of this report—Continued Total collections from all sources including offsets allowed and unpaid balance R. F. C. loans Losses on assets compounded or sold under order of court Book value of uncollected assets $9,408,828 $3,414,234 $116,246 413,321 344,429 Distributions by Book value Book value conservators— of remaining of assets uncollected returned to To unsestock shareholders' To secured cured agents creditors creditors $107, 772 109, 1722 $83,429 2543 63,063 1,388,209 730,269 3,140,275 10,456,361 5,495,612 5,703,777 11,944,455 5,953,615 2,487,614 7,866,334 1.155,663 2,085,777 7,695,620 4,789,352 4,513,578 9,078,212 2,619,167 5,454,157 79, 401 156, 37,946 610,268 1,320,321 2894 2904 8,937,359 4,620,939 307,274 47,591 1,901,770 2910 5,450,522 5,524,679 1,009,122 1,151,683 2,488,546 430,063 1,297,292 38,752 168, 733,199 2916 13,183,687 8,824,101 5,478,361 4,777,402 200,373 185,424 703,277 2552 187, 129, 847, 235,752 4,766,843 141,742 $54,000 $1,664,259 1,533,304 604,005 30, 140, 2961 2965 1,133,284 832,914 3,140,333 20,398 2,233,371 376,603 135,264 48,402 97,634 2964 5,325,389 1,942,487 250,997 1,673 129,251 1,164,465 664,321 820,348 32,529 187,766 808,849,368 250,858,699 8,979,978 28,471,480 83,429 531,717 73,976,446 602,517,803 206,331,565 703,277 3,483,092 136,397,687 114,461,012 8,979,978 12,051,648 16,419,832 83,429 531,717 40,605,587 33,370,859 "265,988 "83,"429" 10,791,773 2571 2921 2956 3,874 109,502 ~~~5,~Ô72,~5Î5 u 6,885,851 2544 2659 1709 305,672 4,510,355 2700 2725 2741 2781 2832 2562 2963 EE PORT OF THE COMPTROLLER OF THE CURRENCY 74 31.—National banks in charge of receivers during year ended Dec. 81, nominal amounts of total assets and total liabilities at date of failure, capital offsets allowed and earnings, together with the disposition of such collections, Dec. 81, 1948—Continued TABLE NO. Disposition of proceeds of liquidation—Continued On unsecured claims Secured and preferred liabilities paid except through dividends, including offsets allowed Cash advanced in protection of assets $7,057 Dividends paid byreceivers— On secured claims 1722 $466,675 $2,824,464 $4,487,307 2543 124,023 6,904 251,753 2552 23,083 894,147 336,879 2700 2725 2741 2781 2832 2860 165,747 799 685,137 5,811,670 1,674,836 1,847,266 3,415,185 784,654 1,819,878 3,660,947 1,638,664 1,893,893 7,374,875 4,111,002 319,185 1,608,859 3,196,631 5,252, 708 2910 2,440,347 2916 2932 2954 2961 2965 2,311,581 3,163,748 2894 2904 62,708 72,223 18,059 44,759 237,718 2544 1709 9,779 Conservators' salaries, legal and other expenses Receivers' salaries, legal and other expenses $655,490 24,132 $15,016 119,084 27,082 10,340 3,268 35 4,528 8,428 59,575 121,067 59,039 53,611 325,910 117,593 382,856 851,538 262,546 258,960 . 751,734 327,933 5,973 28,210 144,090 222,569 237,431 589,540 3,778,203 50,807 193,007 502,746 27,028 9,319 117,595 996,225 1,948,700 1,677,906 745,218 83,813 312,419 237,893 26,186 3,744,050 1,307,866 5,253,328 6,545,338 15,201 45,013 925,080 436,842 417 44,720 847 13,225 44,949 75,482 2964 2571 1,165,482 1,958,185 1,622 2921 2956 29,446 226,049 60,966 57,750 18,535 2,138 2,306 2562 3,018 1,432,664 2,821,017 689,215 39,182 1,792 2,730,498 436,995,186 236,216,686 884,392 859,161 1,871,337 377,418,883 59,576,303 13,815,941 361,524 847 58,951 140,763,785 95,452,901 75,482 693,100 39,006 181,595 28,320 25,122 71,502 1*686,884 23,525 3,181,271 45,572, 589 924,449 2,256,822 32,861,996 12,710,593 13,225 1,778,542 « 109 » Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold or to complete unfinished liquidation (6 banks). 2 Suspended under terms of banking holiday proclamation without subsequent appointment of conservator (Chattanooga, Tenn.). 3 Conservator appointed June 30, 1937 (Campbellsville, K y . ) . 4 Federal Deposit Insurance Corporation appointed as receiver in accordance with Banking Act of 1933 112 banks). 5 loo percent principal and interest in full paid to creditors (2 banks). • 100 percent principal and partial interest paid to creditors (3 banks). 75EEPORT OF THE COMPTROLLER OF THE CURRENCY 194S, dates of organization, appointment of receivers and final closing, with stock and stock assessments, amounts collected from all sources, including and various other data indicating the progress and results of liquidation to Disposition of proceeds of liquidation—Continued Cash in hands of Comptroller and receivers Amount returned to shareholders in cash $967,835 $6,509 » 193,000 Amount of claims proved Dividend (percent) $5,728,500 55 94,754 100 1,434,292 63.95 2,951,384 9,888,515 3,046,536 4,045,434 6,129,012 3,032,007 28.83 58.78 8 100 8 86.45 56.9 »45.8 3,091,993 6,155,021 8 30.06 8 48.5 5,779,432 8 76.35 33,087 3,040,220 4,240,671 1,043,218 1,119,374 8 100 75 22.787 89 489,042 7.844.557 4,594,323 8 87.76 98.44 1,540 122,181 613,723 815,557 391,054 2.397.558 301,297 174,188 32,900 28,335 2,872,781 872,429 66,634 8,561,074 8,561,074 6i§,~723~ 1212,410,958 199,509 543,808,057 199,509 410,892,014 132,916,043 815.557 12 7,041,764 84,509 Interest dividend (percent) Date finally closed 1722 »38.176 »9.603 «.15 Mar. 18,1943 2543 Jan. 28,1943 2552 Mar. Mar. June Aug. Dec. Sept. 25,1943 11,1943 30,1943 20,1943 18,1943 9,1943 2700 2725 2741 2781 June 5,1943 June 29,1943 2894 2904 Jan. 30,1943 2910 Jan. 21,1943 May 8,1943 2916 2932 2954 2961 2965 Mar. 6,1943 2544 36 1709 2964 8 97. 18 Mar. 20,1943 75 35 873.1 2571 2921 2956 Feb, 19,1943 79 1 Formerly in conservatorship (25 banks). 8 Including dividends paid through or by purchasing bank (18 banks). • Shareholders' agent elected to continue liquidation after payment by receiver of principal and interest in full to creditors (Uniontown, Pa.). w Receiver elected by shareholders to continue liquidation after payment of principal and interest in full to creditors (Clearfield, Pa.). " Pro rata distribution to shareholders of 38.6 percent, pursuant to election for continuance of receivership (Clearfield, Pa.). 13 Preliminary figures, subject to revision. 12 Decrease. 76 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 31-A.—District of Columbia State chartered banks, and banks incor Comptroller of the Currency, in charge of receivers during year ended Dec. 31, 1948, amounts of total assets and total liabilities at date of failure, capital stock and stock earnings, together with the disposition of such collections, and various other data TABLE Name and location of banks Date of organization DISTRICT OP COLUMBIA NONNATIONAL BANKS 12-A United States Savings Bank, Washington i Grand total (1-receivership) Total activity 1943 (1-receivership) See footnotes at end of table. M a y 16,1906 77 EE PORT OF THE COMPTROLLER OF THE CURRENCY porated under the laws of the District of Columbia, under the supervision of the dates of organization, appointment of receivers, and final closing, with nominal assessments, amounts collected from all sources, including offsets allowed and indicating the progress and results of liquidation to Dec. 81, 1948 Failure— Continued Assets and assessments Liabilities Date receiver appointed Borrowed money (bills payable, rediscounts, etc.) at date of failure Total deposits at date of failure Additional liabilities established to date of report Feb. 10,1934 $596,653 $1,796,607 $45,964 $2,439,224 $2,750,398 596,653 1,796,607 45,964 2,439,224 2,750,398 588768—44 6 Total liabilities Book value of established to assets at date of failure date of report 12-A 78 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 31-A.—District of Columbia State chartered banks, and banks incor Comptroller of the Currency, in charge of receivers during year ended Dec. 81, 1948, amounts of total assets and total liabilities at date of failure, capital stock and stock earnings, together with the disposition of such collections, and various other data TABLE Assets and assessments—Continued Additional assets received since date of failure 12-A Total assessments upon shareholders Progress of liquidation to date of this report Total assets and stock assessments Cash collections from assets Cash collections from stock assessments Receivership earnings, cash collections from interest, premium, rent, etc. $77,501 $100,000 $2,927,899 $2,298,266 $4,778 $312,843 77,501 100,000 2,927,899 2,298,266 4,778 312,843 9,094 8,967 4,778 2,352 9,094 See footnotes at end of table. 79 EE PORT OF THE COMPTROLLER OF THE CURRENCY porated under the laws of the District of Columbia, under the supervision of the dates of organization, appointment of receivers, and final closing, with nominal assessments, amounts collected from all sources, including offsets allowed and indicating the progress and results of liquidation to Dec. 81, 1948—Continued Disposition of proceeds of liquidation Progress of liquidation to date of this report—Continued Total collections from all sources includOffsets allowed ing offsets and settled allowed and unpaid balance R. F. C. loans Losses on assets compounded or sold under order of court Book value of uncollected assets $167,427 $2,783,314 $274,237 $87,969 $95,222 167,427 2,783,314 274, 237 87,969 95,222 126 16,223 1 Book value of remaining uncollected stock assessments H, 778 Distributions by conservators To secured creditors 12-A 80 EE PORT OF THE COMPTROLLER OF THE CURRENCY N O . 31-A.—District of Columbia State chartered banks, and banks incor Comptroller of the Currency, in charge of receivers during year ended Dec. 31, 1948, amounts of total assets and total liabilities at date of failure, capital stock and stock earnings, together with the disposition of such collections, and various other data TABLE Disposition of proceeds of liquidation—Continued Distributions by conservators—Con. Dividends paid by receivers To unsecured creditors Un secured claims 12-A 1 Formerly in conservatorship. 2 Decrease. On unsecured claims Secured and preferred liaCash advanced bilities paid except through in protection of assets dividends, including offsets allowed Conservators' salaries, legal and other expenses $1,631,588 $762,540 $2,362 $33,774 1,631,588 762,540 2,362 33,774 24 125 2 888 1 81 EE PORT OF THE COMPTROLLER OF THE CURRENCY porated under the laws of the District of Columbia, under the supervision of the dates of organization, appointment of receivers, and final closing, with nominal assessments, amounts collected from all sources, including offsets allowed and indicating the progress and results of liquidation to Dec. 81, 1948—Continued Disposition of proceeds of liquidation—C ontinued Receivers' sal- Cash in hands aries, legal and of Comptroller other expenses and receivers Amount of claims proved Dividend (percent) $244,459 $108,591 $1,631,230 100 244,459 108,591 1,631,230 100 2,705 13, 706 24 Interest dividend (percent) Date finally closed 82 EE PORT OF THE COMPTROLLER OF THE CURRENCY 32.—Summary of progress and results of liquidation of Japanese-owned banks liquidated under the supervision of the Comptroller of the Currency, Feb. 28, 19421 to Dec. 81, 1948 TABLE NO. In process of liquidation Total Number of banks. Total assets taken charge of by receivers Disposition of assets: Collections from assets Offsets allowed and settled (against assets) — Losses on assets compounded or sold under order of courtBook value remaining assets. Book value of assets transferred to Alien Property Custodian Total Collections: Collections from assets Earnings collected _ Offsets allowed and settled (against assets) Total - - — - Disposition of collections: Dividends paid by receivers 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 Payments of receivers' salaries, legal and other expenses.. Amount transferred to Alien Property Custodian in cash. Cash balances in hands of Comptroller and receivers Total - - Capital stock at date of failure Total deposits at date of failure Additional liabilities established subsequent to date of failureClaims proved (both secured and unsecured) Transferred to the Alien Property Custodian 5 5 $18,922,568 $18,922,568 11,358,176 793,344 180,522 11,358,176 793,344 180,522 6,590,526 6,590,526 18,922,568 18,922,568 11,358,176 431,554 793,344 11,358,176 431,554 793,344 12,583,074 12,583,074 7,103,491 7,103,491 320,039 793.344 44 153.345 4,212,811 320,039 793.344 44 153.345 4,212,811 12,583,074 12,583,074 880,000 16,963,163 71,140 9,845,892 880,000 16,963,163 71,140 9,845,892 N O . 33.—Japanese-owned banks in charge of receivers during the year ended Dec. 81, 1948, dates of appointment of receivers, with capital stock, nominal amounts of total assets and total liabilities at date of failure, amounts collected from all sources, including offsets allowed and earnings, together with the disposition of such collections, and various other data indicative of the progress and results of liquidation to Dec. 81, 1948 TABLE Failure Name and location of banks 1 2 3 Capital stock at date of Pacific Bank, Honolulu, T . H The Sumitomo Bank, Honolulu, T . H The Yokohama Specie Bank, Ltd., Honolulu, T . H $200,000 200,000 280,000 Liabilities Date Receiver appointed Feb. 28,1942 do do Total deposits at date of failure Additional liabilities established to date of report i Assets Total liabilities established to date of report Book value of assets at date of failure Additional assets received since date of failure Total assets $3,452,792 4,665,736 2,989,842 $15,764 19,088 33,390 $3,468,556 4,684,824 3,023,232 $3,778,572 5,293,041 3,413,543 $8,617 2,559 255,123 $3,787,189 5,295,600 3,668,666 Grand total (3 receiverships) 680,000 11,108,370 68,242 11,176,612 12,485,156 266,299 12,751,455 Total transferred to Alien Property Custodian (3 receiverships) 680,000 11,108,370 68,242 11,176,612 12,485,156 266,299 12,751,455 Name and location of banks Cash collections from assets Receivership earnings, cash collections from interest, premium, rent, etc. Offsets allowed and settled Total collections from all sources, including offsets allowed Losses on assets compounded Book value of uncollected or sold assets under order of court Book value of assets transferred to Alien Property Custodian O tei o § Dividends paid by receivers § o so On unsecured claims stel Disposition of Proceeds of Liquidation- Progress of Liquidation to date of this report i On secured claims 0 cj 1 2 3 Pacific Bank, Honolulu, T . H The Sumitomo Bank, Honolulu, T . H The Yokohama Specie Bank, Ltd., Honolulu, T . H $3,178,462 5,040,396 $99,930 213,177 $484,265 131,748 $3,762,657 5,385,321 $18,392 115,877 $106,070 7.579 $2,631,420 4,472,071 1,686,122 82,291 175,519 1,943,932 46,253 1,760,772 Grand total (3 receiverships) 9,904,980 395,398 791,532 11,091,910 180,522 1,874,421 7,103,491 Total transferred to Alien Property Custodian (3 receiverships) 9,904,980 395,398 791,532 11,091,910 180,522 1,874,421 7,103,491 1 o H 00 00 N O . 33.—Japanese-owned banks in charge of receivers during the year ended Dec. 31, 1943, dates of appointment of receivers, with capital stock, nominal amounts of total assets and total liabilities at date of failure, amounts collected from all sources, including offsets allowed and earnings, together with the disposition of such collections, and various other data indicative of the progress and results of liquidation to Dec. 31, 1943—{Continued 82 TABLE g * Disposition of Proceeds of Liquidation—Continued Secured and preferred liabilities paid except through dividends, including offsets allowed Name and location of banks Pacific Bank, Honolulu, T . H The Sumitomo Bank, Honolulu, T . H The Yokohama Specie Bank, Ltd., Honolulu, T . H O Receivers' salaries, legal and and other expenses Cash advanced in protection of assets Cash in hands of Comptroller and receivers Amount transferred to Alien Property Custodian in cash Amount of claims proved $801,976 131,894 $42,208 50,748 $287,051 730,585 $2,631,420 4,472,071 175,806 39,992 1,728,115 2,101,015 Grand total (3 receiverships) 1,109,676 44 132,948 2,745,751 9,204,506 Total transferred to Alien Property Custodian (3 receiverships) 1,109,676 44 132,948 2,745,751 9,204,506 TABLE NO. 34.—Bank Dividend (percent) Date transferred to Alien Property Custodian Interest dividend (percent) Capital (in thousands of dollars) M a y 10,1943 Do. Do. Deposits (in thousands of dollars) Location All banks National IllinoisNorth Carolina Pennsylvania Vermont Total United States. - - 1 1 1 1 1 1 4 2 Private State All banks National 1 1 25 33 600 50 600 50 2 708 650 State Private stel 0 100 100 suspensions, by States, in the year ended Dec. 31, 1943 Number S o All banks National 25 33 474 767 4,141 866 4,141 866 58 6,248 5,007 State 474 767 1,241 Private 1 O F g W O tel o tel o H TABLE NO. 3 5 . — B a n k suspensions since inauguration of Federal Deposit Insurance, years ended Dec. 81, 1984 to 1948 Number Year ended Dec. 31— Member banks All banks National State Capital (in thousands of dollars)1 Insured 1934.. 1935.. 1936.. 1937.. 1938.. 1939.. 1940.. 1941.. 1942.. 1943.. Not insured 48 Total. 334 21 Member banks Nonmember banks 218 All banks 3,822 1,518 1,961 3,435 2,467 5,309 1,587 2 496 327 708 21,630 i Indicates capital notes and debentures, if any, outstanding at date of suspension. 8 Revised. NOTE.—Figures for banks other than national compiled by Board of Governors of the National 25 405 88 685 25 220 82 2 360 State 671 25 3,600 650 2,540 4,296 Deposits (in thousands of dollars) Member banks Nonmember banks Insured Not insured All banks 416 633 1,678 2,004 2,052 1,204 1,452 118 272 58 3,381 480 195 75 365 285 53 18 55 10,101 11,323 16,169 13,837 34,980 5,944 3,723 1,702 9,887 4,907 140,966 National 42 5,399 524 3,825 36 1,323 257 3,141 State 1,708 211 24,629 5,007 19,554 26,548 Nonmember banks Insured Not insured 1,912 3,763 10,207 10,156 11,721 6,589 5,341 503 1,375 1,241 34,985 52,808 42,056 480 1,869 2,439 346 79 327 Federal Reserve System, and represent associations closed to the public, either temporarily or permanently, by supervisory authorities or directors of the banks on account of financial difficulties. In the case of national bank suspensions, these represent actual failures for which receivers were appointed. n O o H § o o K o E» o 3 tel o d % H O. K 00 Ol TABLE NO. 36.—Fiduciary activities of national banks as of Dec. 81, 1943 Banks with capital of— $25,001 to $50,000 $25,000 Number of national banks with trust powers but not administering trusts Number of national banks with trust powers administering trusts Total number of national banks authorized to exercise trust powers Total assets of national banks with trust powers but not administering trusts. Total assets of national banks with trust powers administering trusts Total assets of national banks authorized to exercise trust powers Investments Savings deposits Demand deposits Other assets TRUST ASSETS Total Private trusts Court trusts. - — TRUST LIABILITIES - Total.. Total volume of bond issues outstanding for which banks are acting as trustee Number of national banks administering private trusts Number of national banks administering court trusts Number of national banks administering corporate trusts $50,001 to $100,000 $100,001 to $200,000 $200,001 to $500,000 $500,001 and over Total 17 64 109 69 34 12 305 10 58 283 459 396 288 1,494 27 122 392 528 430 300 1,799 $21,462,263 $111,259,546 $329,384,364 $361,871,381 $381,919,362 $1,878,874,436 $3,084,771,352 10,153,772 108,966,635 985,317,385 2,538,223,904 4,934,632,524 43,756,410,934 52,333,705,154 31,616,035 220,226,181 1,314,701,749 2,900,095,285 5,316,551,886 45,635,285,370 55,418,476,506 $186,861 2,650 15,605 537 $4,419,155 164,098 1,511,529 37,550 $43,154,098 1,679,436 4,592,364 2,121,599 $240,613,227 4,235,144 17,824,060 37,086,940 $662,475,374 10,449,956 41,452,966 63,584,995 $8,759,206,742 71,875,372 382,999,355 2,075,772,261 $9,710,055,457 88,406,656 448,395,879 2,178,603,882 205,653 6,132,332 51,547,497 299,759,371 777,963,291 11,289,853,730 12,425,461,874 $27,157 178,496 $950,979 5,181,353 $23,852,906 27,694,591 $172,940,793 126,818,578 $477,540,776 300,422,515 $9,465,385,141 1,824,468,589 $10,140,697,752 2,284,764,122 205,653 6,132,332 51,547,497 299,759,371 777,963,291 11,289,853,730 12,425,461,874 $93,200 3 8 1 $269,140 31 49 8 $11,723,186 201 255 88 $80,877,537 370 424 185 $199,559,989 369 366 224 $8,396,852,249 280 275 250 $8,689,375,301 1,254 1,377 756 Number of living trusts being administeredNumber of court trusts being administered — - Total number of individual trusts being administered Number of corporate trusts being administered Total number of trusts being administered TABLE NO. with with with with with with Total. capital capital capital capital capital capital of of of of of of 1,380 2,816 6,337 11,573 14,585 17,237 50,339 33,264 72,751 65,264 22 1 462 10 4,196 201 17,910 754 31,822 1,482 83,603 17,853 138,015 20,301 23 472 4,397 18,664 33,304 101,456 158,316 $105,730 $13,273 $80 $182,147 $12,285 $80 $653,071 $16,737 $79 $1,964,554 $24,447 $99 $39,200,881 $135,041 $286 $8,316,909 $90, u30 $216 $239 $817 $1,387 $3,446 $8,598 $101,873 $24,364 37.—Classification of investments in living and court trust accounts under administration by the active national bank trust departments, Dec. 81, 1948 Trust investments classified according to capital of banks administering trusts Banks Banks Banks Banks Banks Banks 107 355 $20,565 $9,348 $83 — Average volume of individual trust assets in each bank Average volume of trust assets in each individual trust Average gross earnings per trust for year ended Dec. 31,1943 Average gross earnings per trust department reporting trust earnings for year ended Dec. 31, 1943 3 19 $25,000 $25,001 to $50,000 $50,001 to $100,000 $100,001 to $200,000 $200,001 to $500,000... $500,001 and over... Bonds Percent Stocks Percent Real-estate mortgages Percent Real estate Percent Miscellaneous Percent Total investments $121,339 1,936,641 20,857,903 97,794,176 283,935,399 5,435,860,012 64.94 $13,195 43.82 1,455,674 48.33 11,664,982 40.64 78,681,009 42.86 221,282,305 62.06 2,302,142,492 7.06 $22,800 32.94 333,631 27.03 3,545,553 32.70 27,641,109 33.40 67,740,301 26.28 307,211,200 12.20 $25,350 7.55 523,257 5,380,620 8.21 11.49 27,913,155 10.23 58,495,554 3.51 409,545,539 $4,177 13.57 169,952 11.84 1,705,040 12.48 8,583,778 11.60 8.83 31,021,815 4.67 304,447,499 2.23 3.85 3.95 3.57 4.68 3.48 $186,861 4,419,155 43,154,098 240,613,227 662,475,374 8,759,206,742 5,840,505,470 60.15 2,615,239,657 26.93 406,494,594 4.19 501,883,475 5.17 345,932,261 3.56 9,710,055,457 00 M INDEX All banks (see also Banks; Mutual savings banks; National banks; Private Page banks; State commercial banks): Assets and liabilities of: Comparison of, December 31, 1942 and 1943 10-11 December 31, 1943, by States 46-53 December 31, 1943, summary by classes of banks 44r-45 Distribution of, December 31, 1943 9 Per capita demand and time deposits of individuals, partnerships, and corporations in, December 3i, 1943, by States 54-55 Suspensions. (See Failures of banks.) Assessments: Account of examining service paid by national banks 13 Upon shareholders of insolvent national banks in United States, and nonnational banks in District of Columbia 59, 62-81 Assets and liabilities of banks: All banks * Comparison of, December 31, 1942 and 1943 10-11 December 31, 1943, by States 46-53 44-45 December 31, 1943, summary by classes of banks National banks: December 31,1942, June 30, October 18, and December 31, 1943_ _ 3-4 December 31, 1943, classification of principal items 44-45 Percentage distribution of, December 31, 1940-43 5 Principal items of, according to size of banks (deposits), December 31, 1942 and 1943 19 State banks (see also District of Columbia): All banks combined: December 31, 1943, classification of principal items 44-45 Mutual savings: December 31, 1943, classification of principal items 44-45 Private: December 31, 1943, classification of principal items 44-45 State commercial: December 31, 1943, classification of principal items 44-45 Bank currency. (See Federal Reserve notes; National bank circulation.) Bank examinations. (See Examination of national banks.) Banks (see also All banks; Assets and liabilities of banks; Mutual savings banks; National banks; Private banks; State commercial banks): All banks: Distribution of, December 31, 1943 9 Insured and uninsured, December 31, 1943 9 Member banks of Federal Reserve System, December 31, 1943__ 9 Number of: December 31, 1943, by States 46-47 Suspensions. (See Failures of banks.) Insured commercial banks: Number of, December 31,1943, by classes9 National banks: Branches. (See Branches of national banks.) Examination of. (See Examination of national banks.) Failures. (See Failures of banks.) Number of: Call dates, December 31, 1942, to December 31, 1943 3 Nonmember banks of Federal Reserve System, December 31, 1943 9 State and private banks: Number of: December 31, 1943 44 Supervisors of, name and title of in each State, December 31, 1943 56-57 Suspensions. (See Failures of banks.) Uninsured, December 31, 1943 „ 9, 56-57 89 90 INDEX Pa £ e Bank suspensions. (See Failures of banks.) Borrowings. (See Assets and liabilities of banks.) Branches of national banks: Domestic: Number and class of, closed in year ended December 31, 1943, by States 38 Number and kind authorized and closed in year ended December 31, 1943, and number in existence December 31, 1943 8-9 Number authorized in year ended December 31, 1943, by States, 38 Foreign: Location and summary of assets and liabilities of, December 31, 1943 33 Number in operation December 31, 1943 33 Building and loan associations. (See District of Columbia.) Capital accounts. (See Assets and liabilities of banks; Earnings, expenses, and dividends of national banks: Ratios.) Capital stock of banks: All banks: December 31, 1943, by States 48-49, 52-53 National banks: By size of banks (deposits) December 31, 1942 and 1943 19 Call dates, December 31, 1942, to December 31, 1943 4 Chartered, consolidated, in voluntary liquidation, insolvent, 1935-43 35 Chartered in each State, in year ended December 31, 1943 35 Failed banks in charge of receivers, in year ended December 31, 1943 59,62-75 Incident to consolidations with State and national banks, in year ended December 31, 1943 37 Liquidated banks in year ended December 31, 1943 8, 36-37, 62, 63 Preferred stock: Issued and retired 7, 8 Retirable value of, December 31, 1942, June 30, October 18, and December 31, 1943 4 Total outstanding, December 31, 1943 7 State and private banks: December 31, 1943, by classes of banks 45 Cash in banks. (See Assets and liabilities of banks.) Charters of national banks. (See Organization of national banks.) Circulation. (See Federal Reserve notes; National bank circulation.) Claims proved. (See Failures of banks: National banks.) Closed banks. (See Consolidations of banks; Failures of banks; Liquidation of national banks.) Commercial banks. (See National banks; Private banks; State commercial banks.) Comptroller of the Currency, Office of : Examination of national banks 12 Expenses of, calendar year 1943 13 Issue and redemption of notes 12 Liquidation of insolvent national banks 12, 58-75 Liquidation of Japanese-owned banks 12, 82-84 Organization and staff 13 Personnel 13 Condition of banks. (See Assets and liabilities of banks.) Consolidations of banks: Changes in capital, surplus, undivided profits, and total assets of national banks incident to, in year ended December 31, 1943 37 Changes of title of national banks incident to, in year ended December 31, 1943 37 37 List of, in year ended December 31, 1943 Number of, in each State 34 Number of, and decrease in capital incident to, 1935-43 35 Credit unions of the District of Columbia. (See District of Columbia.) Demand deposits. (See Deposits.) Deposits (see also Assets and liabilities of banks) : Demand and time in all active banks, by States, December 31, 1943- 52-53 Insured commercial banks, December 31, 1943 9 National banks, at date of failure 59, 60, 62-75 Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1943, by States 54-55 INDEX 91 1>a&e Deposits—Continued. Postal savings: In all banks, by States, December 31, 1943 52-53 In each class of banks, December 31, 1943 45 Secured deposits in national banks, December 31, 1942, June 30, October 18, and December 31, 1943 4 Size of national banks, according to, December 31, 1942 and 1943 19 Suspended banks. (See Failures of banks.) Uninsured banks, December 31, 1943 9 United States Government: In all banks, by States, December 31, 1943 52-53 In each class of banks, December 31, 1943 45 District of Columbia: Assets and liabilities of all banks in, by classes, December 31,1943 39-40 Building and loan associations in: Reports required from, in year ended December 31, 1943 11 Summary of assets and liabilities of, December 31, 1943 42 Summary of receipts and disbursements of, year ended December 31, 1943 42 Credit unions of: Reports required from, in year ended December 31, 1943 11 Summary of assets and liabilities of, December 31, 1943 43 Summary of receipts and disbursements of, year ended December * 31, 1943 43 Earnings, expenses, and dividends of banks in: Losses charged off on loans and securities, years ended December 31, 1942, and 1943, by classes of banks : 41 Ratios, years ended December 31, 1942 and 1943, by classes of banks 41 Years ended December 31, 1942 and 1943, by classes of banks. __ 41 Receiverships of banks in, to December 31, 1943 58-81 Reports required from banking associations in, in year ended December 31, 1943 11 Dividends. (See Earnings, expenses, and dividends of national banks; Failures of banks.) Earnings, expenses, and dividends of national banks: According to size of banks (deposits), year ended December 31,1943 28-29 By Federal Reserve districts, year ended December 31, 1943 26-27 By States, year ended December 31, 1943 20-25 Losses charged off on loans and securities: Years ended December 31, 1929-43 32 Year ended December 31, 1943, according to size of banks (deposits) 29 Ratios: Dividends to capital stock and capital funds, years ended December 31, 1929-43 31 Net profits before dividends to capital stock and capital funds, years ended December 31, 1929-43 31 Net earnings from current operations and net profits before dividends per $100 of deposits, year ended December 31, 1943_ _ 29 Net earnings from current operations, net profits before dividends, and cash dividends per $100 of capital funds, year ended December 31, 1943 29 Salaries and wages of officers and employees: By size of banks (deposits), calendar year 1943 28 Years ended December 31, 1942 and i943 30 Summary, years ended December 31, 1942 and 1943 30 Employees. (See Comptroller of Currency, Office of; Officers and employ- ees of national banks.) Examination of national banks: Number of bank examinations during year ended December 31, 1943 12 Examiners and assistant examiners: Changes in number, during the calendar year 1943 13 Expenses. (See Comptroller of the Currency, Office of; Earnings, expenses, and dividends of national banks; Failures of banks; National banks.) 92 INDEX Failure of banks: Page All banks: Number, capital and deposits of suspended banks: By States, year ended December 31, 1943 84 Since inauguration of Federal Deposit Insurance, years ended December 31, 1934-43 85 National banks: Assessments against stockholders 59, 62-75 Banks in charge of receivers in year ended December 31,1943__ 12, 58-75 Capital at date of failure 59, 62-75, 84, 85 Circulation outstanding at date of failure 59, 62-75 Closed and active receiverships to December 31, 1943 58-75 Costs of liquidation of receiverships terminated 59, 62 Deposits at date of failure of banks in charge of receivers in year ended December 31, 1943 59, 62-75, 84, 85 Dividends paid to creditors during year ended December 31, 1943, and total dividends to December 31, 1943 59-75 Number and capital of, 1935-43 35 Number, capital, and deposits: By States, year ended December 31, 1943 84 Since inauguration of Federal Deposit Insurance, years ended December 31, 1934r-43 85 Number of, by States, since beginning of system 34 Receipts and disbursements of division of insolvent national banks to December 31, 1943 61-63 Receivership liquidation to December 31, 1943 58-75 Receiverships terminated, 1865-1943 58-59 Receiverships terminated in 1943 62 State banks: In District of Columbia to December 31, 1943 58-63, 76-81 Number, capital, and deposits of: By States, year ended December 31, 1943 84 Since inauguration of Federal Deposit Insurance, years ended December 31, 1934-43 85 Federal Deposit Insurance Corporation (see also Failures of banks) : Classification of insured and uninsured banks, December 31, 1943 9 Federal Reserve notes: Issue and redemption of, in year ended December 31, 1943 12 Fiduciary activities of national banks: Classification of investments in living and court trust accounts under administration segregated according to capital of banks, December 31, 1943 87 December 31, 1943, segregated according to capital groups 86-87 Foreign branches of national banks, location, and summary of assets and liabilities of, December 31, 1943 33 Government bonds. (See Investments; United States Government Securities.) Insolvent banks. (See Failures of banks.) Insured banks. (See Failures of banks; Federal Deposit Insurance Corporation.) Interbank deposits. (See Assets and liabilities of banks.) Interest. (See Earnings, expenses, and dividends of national banks.) Investments of banks: All banks : December 31, 1943, by States 46-47 December 31, 1943, by classes of banks 44 National banks: By size of banks (deposits), December 31, 1942 and 1943 19 Call dates, December 31, 1942, to December 31, 1943 3 Losses charged off on: According to size of banks (deposits), year ended December 31, 1943 29 Years ended December 31, 1929-43 32 State and private banks: December 31, 1943 44 Japanese-owned banks, liquidation of 12, 82-84 Liabilities. (See Assets and liabilities of banks.) INDEX 93 Liquidation of national banks (see also Failures of banks): Page Capital and number of banks, 1935-43 35 Capital, date, and title of banks, in year ended December 31, 1943, with names, where known, of succeeding banks in cases of succession _ 36-37 Number of banks, in each State, since beginning of system 34 Summary, in year ended December 31, 1943 7-8 Loans and discounts of banks: All banks: December 31, 1943, classification of, by States 50-51 December 31, 1943, classification of, by classes of banks 44 National banks: By size of banks (deposits) December 31, 1942 and 1943 19 Call dates, December 31, 1942, to December 31, 1943. 3 Interest and discount earned on: According to size of banks (deposits), year ended December 31, 1943 28 Years ended December 31, 1942 and 1943 30 Losses charged off on: According to size of banks (deposits), year ended December 31, 1943 29 Years ended December 31, 1929-43 32 Real estate loans of, December 31, 1943 44, 50-51 State and private banks: December 31, 1943, classification of 44 Losses. (See Earnings, expenses, and dividends of national banks; Failures of banks.) Mergers. (See Consolidations of banks.) Municipal bonds. (See Investments of banks.) Mutual savings banks: Assets and liabilities of: December 31, 1943 44r-45 Insured, December 31, 1943 9 Uninsured, December 31, 1943 9 National bank circulation: Outstanding at date of failure, and lawful money deposited to secure circulation of national banks in charge of receivers in year ended December 31, 1943 59, 62-75 Outstanding December 31, 1943 9 National Bank Examiners. (See Examiners and assistant examiners.) National banks: Assets and liabilities of: Call dates, December 31, 1942, to December 31, 1943 3-4 Principal items of, according to size of banks (deposits), December 31, 1942 and 1943 _ 19 Branches. (See Branches of national banks.) By size of banks, on basis of deposits, December 31, 1942 and 1943-_ 19 Capital stock. (See Capital stock of banks.) Charters granted, in year ended December 31, 1943 35 Consolidations. (See Consolidations of banks.) Conversions of State banks to, in year ended December 31,1943, list of36 Deposits. (See Deposits.) Dividends. (See Earnings, expenses, and dividends of national banks; Failures of banks.) Earnings and expenses. (See Earnings, expenses, and dividends of national banks.) Failures of. (See Failures of banks.) Fiduciary activities. (See Fiduciary activities of national banks.) Insolvent. (See Failures of banks.) Investments. (See Investments of banks.) Liquidation of, in year ended December 31, 1943 7-8, 12, 36-37 Loans and discounts. (See Loans and discounts of banks.) Number of: Call dates, December 31, 1942, to December 31, 1943 3 Chartered and closed: 1935-1943 35 Since February 25, 1863 34 In existence, by States, December 31, 1943. 34 588768—44 7 94 INDEX National Banks—Continued. Page Officers and employees, number and salaries of: By size of banks (deposits), December 31, 1943 28-29 Years ended December 31, 1942 and 1943 30 Reports required from, in year ended December 31, 1943 11 Trust functions. (See Fiduciary activities of national banks.) United States Government securities owned by. (See United States Government securities.) Officers and employees of national banks: Number and salaries of, by size of banks (deposits), calendar year 1943 28-29 Number and salaries of, years ended December* 31, 1942 and 1943 30 Organization of national banks: Charters granted, which were conversions of State banks, in year ended December 31, 1943 36 Charters granted, in year ended December 31, 1943, list of, by States» 35 Number and authorized capital of, 1935-43 35 Number of, by States, from February 25, 1863, to December 31, 194334 Summary, in year ended December 31, 1943 7-8 Per capita demand and time deposits of individuals, partnerships, and corporations, in all active banks, December 31, 1943, by States 54r-55 Personnel. (See Comptroller of the Currency, Office of.) Population, United States, by States, December 31, 1943 46-47 Possessions: Assets and liabilities of all banks in, December 31, 1943 46-53 Per capita demand and time deposits of individuals, partnerships, and corporations, of all banks in, December 31, 1943*. '55 Postal savings. (See Deposits.) Private banks: Assets and liabilities of: December 31, 1943 44-45 Suspensions. (See Failures of banks.) Profits. (See Assets and liabilities of banks.) Public funds. (See Assets and liabilities of banks.) Real estate held by banks. (See Assets and liabilities of banks.) Real estate loans. (See Loans and discounts of banks.) Receivers of national banks. (See Failures of banks.) Reports from national banks in year ended December 31, 1943 11 Reserve with Federal Reserve banks. (See Assets and liabilities of banks.) Salaries and wages of officers and employees of national banks. (See Earnings, expenses, and dividends of national banks.) Savings banks. (See Mutual savings banks.) Secured liabilities (see also Failures of Banks: National banks): In national banks, December 31, 1942, June 30, October 18, and December 31, 19434 Securities. (See Investments of banks; United States Government securities.) State bank failures. (See Failures of banks.) State banking officials: Name and title of, in each State, December 31, 1943 56-57 State commercial banks: Assets and liabilities of: December 31, 1943 44-45 Insured, December 31, 1943 9, 56-57 Member banks of the Federal Reserve System, December 31, 1943. 9, 56-57 Nonmember banks of the Federal Reserve System, December 31, 1943 9,56-57 Suspensions. (See Failures of banks.) Uninsured, December 31, 1943 9, 56-57 Stock savings banks. (See State commercial banks.) Supervisors of State banks, name and title of, in each State, December 31, 1943 56-57 Suspensions. (See Failures of banks.) Taxes. (See Earnings, expenses, and dividends of national banks.) Time deposits. (See Deposits.) Titles of national banks. (See Changes of title of national banks; Consolidations of banks ; Organization of national banks.) Trends in banking, 1940-43 5 Trust companies. (See District of Columbia; State commercial banks.) INDEX 95 Page Trust powers of national banks. (See Fiduciary activities of national banks.) United States Government deposits. (See Deposits.) United States Government securities: All banks: December 31, 1943, by States 46-47 December 31, 1943, by classes of banks 44 National banks: By size of banks (deposits), December 31, 1942 and 1943 19 Call dates, December 31, 1942, to December 31, 1943 3 State and private banks: December 31, 1943 44 Voluntary liquidation of national banks. (See Liquidation of national banks.) o