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EIGHTY-FIFTH ANNUAL REPORT
OF THE

Comptroller of the Currency
1947

UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1948

For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.
Price 40 cents




TREASURY DEPARTMENT

Document No. 3155
Comptroller of the Currency
II




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

Washington, D. C, April IS, 194-8.
In accordance with the provisions of section 333 of the United
States Revised Statutes, I have the honor to submit the following
report covering the activities of the Bureau of the Comptroller of the
Currency for the year 1947.
Respectfully,
SIRS:

PRESTON DELANO,

Comptroller oj the Currency.
THE PRESIDENT OF THE SENATE.
• T H E SPEAKER OF THE HOUSE OF REPRESENTATIVES.




in

ANNUAL REPORT
OF THE

COMPTROLLER OF THE CURRENCY
The Comptroller of the Currency has the honor to present herewith the Eighty-fifth Annual Report of his office to the Congress of
the United States.
On November 24, 1947, the Federal and State bank supervisory
agencies made the following joint statement:
Our country is experiencing a boom of dangerous proportions. The volume
of bank credit has been greatly inflated in response to the needs forfinancingthe
war effort. Domestic and foreign demands for goods and services are exerting
a strong upward pressure on prices in spite of the high volume of our physical
production. These demands would be inflationary without any further increase
in the use of bank credit, but the demand is being steadily increased through
continued rapid expansion in bank loans, in addition to other factors outside
the control of the banking system.
A substantial increase in production, agricultural as well as industrial, would
be highly beneficial. However, increases can only take place slowly and to a
limited degree. In industry, they are dependent upon corresponding increases
in the available supply of basic raw materials, plant capacity, and the number
and productivity of the labor force. Therefore, a further growth of outstanding
bank credit tends to add to the already excessive demand and to make for still
higher prices.
The Board of Governors of the Federal Reserve System, the Comptroller of
the Currency, the Federal Deposit Insurance Corporation, and the Executive
Committee of the National Association of Supervisors of State Banks are unanimously of the view that present conditions require the bankers of the country
to exercise extreme caution in their lending policies. It is at times such as these
that bad loans are made and future losses become inevitable.
It is recognized that a continued flow of bank credit is necessary for the production and distribution of goods and services. The banks of the country have
adequately met this important need in the reconversion period. Under existing
conditions, however, the banks should curtail all loans either to individuals or
businesses for speculation in real estate, commodities or securities. They should
guard against the over-extension of consumer credit and should not rela'x the
terms of installment financing. As far as possible extension of bank credit under
existing conditions should be confined tofinancingthat will help production rather
than merely increase consumer demand.
The bank supervisory authorities strongly urge directors to see that their banks
follow these policies and maintain adequate capital in relation to risk assets.
This statement is indicative of the situation which faced the banks
and the Nation at the close of the year covered by this report. As
incident to the effort put forth to win World War II, the United
States greatly increased the volume of its money supply while stripping to the barest minimum its production of durable and consumer
goods. Thus the stage was set for a postwar inflation which has
become active and dangerous in these final months of 1947. Inflation
is an insidious thing and in the preliminary stages develops momentum




2

REPORT OF THE COMPTROLLER OF THE CURRENCY

difficult to arrest. Until the bubble bursts, there is a certain stimulation and excitement about it which oftentimes deceives us as to
its ultimate consequences.
Among thoughtful men there is a general understanding that this
problem must be solved. The penalty for failure to solve it will be
an economic disaster of the first magnitude, But there is something
deeper and more fundamental involved here than simply the question
of another depression and another downswing in the business cycle.
What is on trial now in these United States is the basic question of
whether a free enterprise system can discipline itself; whether men
working in a competitive economy can impose upon themselves
voluntary restraints which must be imposed if the system is to endure.
This is as "serious a question as we have ever faced.
As one of the unhappy consequences of the most devastating of all
wars, the world appears to be dividing into two camps. Behind the
iron curtain to the East there is developing a menacing force built
upon the philosophy that the state is all important—the individual
merely a cog in the machine. We of the Western world have a different concept. We believe in the individual and his initiative and that
the state exists primarily for the development of this individual and
for his well being. In a sense, what we are trying to do today is to
justify our position in this clash of systems—to prove that free
individualism yet remains the better way of life.
In this connection, it would seem that we of this generation "have
outgrown the old Adam Smith theory that somehow, in some fashion,
a group of people working for their own selfish advantage, and with
that only in mind, make the greatest contribution to the public
welfare. In a pioneer economy, this sharp acquisitive urge is useful
and possibly necessary as a driving force. But unless tempered or
controlled it may well prove too primitive an instrument to be unrestrained in our presently highly organized and delicately balanced
world.
There sits beside every executive today an invisible critic of his
decisions. Consideration of the "general whole" in the light of his
decisions now becomes a live and vital factor, not a negative one.
When we operate our banks or when we engage in any of the multifarious activities which make up the complicated design of our
economic life, we are obliged to take into consideration the broader
aspect of what we are doing and what influence it may have upon the
entire economic structure. To fail to grasp the importance and
compulsion of this demand upon our imagination may well mean that
"all our pomp of'yesterday is one with Nineveh and Tyre."
It is realized that this is no bill of particulars. The supervisory
agencies have no desire to impose restraints upon lending operations
which would trespass upon the field of bank management. We do
feel, however, that we can ask the banks through their own voluntary
cooperation, to forego what may be an immediate advantage for the
sake of the larger and more enduring advantage of all. Many of our
cynical friends will dismiss such talk as wishful thinking in an extremely practical and selfish world. But let us not forget that the
greatest forces in the world today, as always, remain the intangibles.




REPORT OF THE COMPTROLLER OF THE CURRENCY

3

Man's progress from the primitive is measured by the restraints he
imposes upon himself and by far the most important and lasting of
these restraints are not those written into statute but those which flow
naturally from inner conviction and the development of character.
This struggle of man to see beyond the horizon of his own immediate
interests is not new. It has been going on for many years. In the
early eighteenth century a brilliant Frenchman, Baron de Montesquieu, author of the famous L'Esprit des Lois, wrote in his Pensees
Diverses a few lines which should commend themselves to all of us.
He said:
I will never do anything which is to my personal advantage but which would be
to the detriment of my family; I will never do anything which would be to the
advantage of my family but prejudicial to my community; and I will never do
anything which would be to the advantage of my community but to the disadvantage of France.

Never was a philosophy of personal conduct more pertinent to the
times.
What if this program for voluntary credit control cannot succeed?
What if we are unable to rise to those heights of far-sightedness which
are necessary to make it a success? While the banking world is only
one facet of this whole inflation problem we are an extremely important influence. It is imperative that we should show the way.
If we fail, and our failure results in a like refusal in other fields, then
we are no longer free men and the individual has lost his dignity. He
will be a prisoner in some form of tyranny. It is no exaggeration to
say that this is the cause for which we throw down a gauntlet today.
It is worthy of our steel.
At the end of 1947, the National Banking System embraced 5,011
active national banking associations. Of this number, 254 operated
1,841 domestic branches, making the total number of banking offices,
6,852.
The Comptroller issued charters for 17 new national banks in 1947.
In addition there were 8 conversions of State banks. He rejected 20
applications for new charters. He approved 106 applications for
branches, and rejected 50.
One hundred and forty-three national banks increased their capital
funds during 1947 by $19,000,000 through the sale ot new shares.
Total capital accounts grew by $271,525,000, largely through retention
of earnings.
Total deposits of national banks increased during 1947 from
$79,050,000,000 to $82,275,000,000, reversing the trend of the previous
year. Government obligations continued to bulk less largely, percentagewise, among bank assets, while loans and discounts continued
their increase, both absolutely and relatively.
A comparison of the assets and liabilities of the banks in the National Banking System as of December 31, 1946, June 30, October 6,
and December 31, 1947, reported pursuant to calls for condition statements by the Comptroller of the Currency, is shown in the following
table:




REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31,1946 June 30,1947 Oct. 6,1947 Dec. 31,1947
(5,013 banks) (5,018 banks) (5,019 banks) (5,011 banks)
ASSETS

Loans and discounts, including overdrafts
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. GovernmentObligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve banks
_
Total loans a n d securities

._.

__.

Cash, balances with other banks, including reserve
balances, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or other real estate...
Customers' liability on acceptances outstanding
Interest, commissions, rent, and other income
earned or accrued but not collected.
__
_
Other assets
_
Total assets

_.

17,309, 767
41, 835, 752
7,780
2, 659, 598
1,986,327

21,480,457
18,810,006
20,081,046
39,419, 227 \ 3Q fi29 2fi7 / 38,819,276
\
6,159
6,378
2,900,981
3,028,607
3,050,027
1,896, 733
2,000,094
1,981,623

153, 359

155,338

155, 952

155,830

63,952,583

63,188,663

64,890,915

65,490,428

20, 067,167
508,893
8,488

19, 395,
548
517,373
8, 580

20, 216,
524,

609
559
9,701

22,075,590
534,
266
8,124

45,464
73, 270

46,
257
52,282

48,191
72,910

137, 022
57,376

141, 047
63,510

148,428
76,063

84,850,263

83, 413,260

85,987,376

43,970
87,
522
142,281
64,824
88,447,000

45, 522,709

44,751,010

45, 778,324

48,079,210

18,031,756
1,843,485
4,125, 722
8,170,924
1,355, 243

18, 556,606
870,853
4, 562,
716
7,433,963
1,222,001

18, 725,697
1,620, 273
4,318,484
8,153,144
1,124,122

18,764,017
902,426
4,726,333
8,411,473
1,391,897

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
_ __ ._ _
Deposits of XJ. S. Government and postal savings..
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.j.

839

77,397,149

79, 720,044

82,275,356

60,468,758
18,681,081

68,209,792
19,187,357

60,353,155
19,366,889

62,835,410
19,489,946

20,047

27,860

835

45,135

339
83,280

302
58, 958

296
81,065

316
101,182

56,635
223, 436
266,888

71,446
221, 525
327,340

79,441
239,823
301,840

79, 700,464

78,104, 580

80, 566,344

86,704
203, 694
313,289
83,025,676

1, 756, 621
2, 275, 884
785, 558
331,736

1,770,871
2,329,951
874, 798
333,060

1,775,463
2,341, 737
963,589
340,243

1,779,766
2,399,520
893, 232
348,806

79, 049,

Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
Mortgages or other liens on bank premises and
other real estate
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
Total liabilities

_

143,

CAPITAL ACCOUNTS

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

5,149, 799

Total capital accounts
. Total liabilities and capital accounts

5,308,680

5,421,032

5,421,324

84,850, 263

83,413,260

85,987,376

88,447,000

38,
765
3,024
1,714,982

25,790
2, 569
1,742,637

24,532
2,478
1,748,557

25,037
2,403
1,752,409

1, 756,771

1,770,996

1,775,567

1,779,849

52,281
4,122

38,857
3,656

37,406
3,565

35,070
3,491

56,403
—

42,

513

40,971

38,561

7,699,288

8,205,003

7,774,608

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 preferred stock
Class B preferred stock
_
Total
Assets pledged or assigned to secure liabilities and
for other purposes (including notes and bills rediscounted and securities sold with agreement to
repurchase)....




8,835,351

REPORT OF THE COMPTROLLER OF THE CURRENCY

5

TRENDS IN BANKING

The following table shows the changes that have occurred in recent
years in the relationships of the major asset and liability accounts of
national banks to the aggregates of assets and liabilities.
Distribution of assets and liabilities of national banks, Dec. SI, 1944-4?
1944
ASSETS

Securities:
U. S. Government, direct and guaranteed
Obligations of States and political subdivisions .
Stock of Federal Reserve banks
Other bonds and securities
Total securities
.
. _ .__
Loans and discounts
Cash and balances with other banks, excluding reserves
Reserve with Reserve banks
Bank premises, furniture and fixtures.
Other real estate
All other assets
.._
Total assets

1945

1946

1947

Percent
56.50
2.67
.13
1.81

Percent
56.85
2.59
.12
1.87

Percent
49.32
3.13
.14
2.38

Percent
43.90
3.42
.14
2.30

61.11

61.43

54.97

49.76

14.94
10.85
12.07
.67
.02

15.41
10. 74
11.54
.55
.01

20.40
11.11
12.54
.60
.01

24.29
11.74
13.22
.60
.01

.34

.32

.37

.38

100.00

100.00

100.00

100.00

47.20
16.45
14. 51
3.99
10.47
1.11

45.25
17.63
15.64
3.85
10.20
1.58

53.65
21.25
2.17
4.86
9.63
1.60

54.36
21.21
1.02
5.34
9.51
1.58

93.73

94.15

93.16

93.02

76.79
16.94

76.05
18.10

71.26
21.90

71.04
21.98

LIABILITIES

Deposits:
Demand of individuals, partnerships, and corporations
Time of individuals, partnerships, and corporations
__.
TJ. S. Government
States and political subdivisions
_
_ _
_
Banks
Other deposits (including postal savings)
Total deposits
Demand deposits
Time deposits

Other liabilities
Capital funds:
Capital stock
Surplus
Undivided profits and reserves
Total capital funds
Total liabilities and capital funds

.71

.71

.77

.85

2.04
2.35
1.17

1.83
2.22
1.09

2.07
2.68
1.32

2.01
2.71
1.41

5.56

5.14

6.07

6.13

100.00

100.00

100.00

100.00

EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR
YEAR ENDED DECEMBER 31, 1947

The net profits of national banks after income taxes in the year
ended December 31, 1947, were $453,000,000, or nearly $42,000,000
less than those in the preceding year.
Net operating earnings before income taxes were $644,000,000, an
increase of $22,000,000 in the year. Adding to the net operating
earnings, profits on securities sold of $62,000,000 and recoveries, etc.,
previously charged off of $99,000,000, and deducting therefrom losses
and charge-offs of $169,000,000 and taxes on net income of $183,000,000, the net profits before dividends for the year 1947 amounted to
the $453,000,000 mentioned above, which at an annual rate amounts
to 8.36 percent of capital funds.
The principal items of operating earnings for 1947 were $621,000,000
from interest on United States Government obligations and $105,000,000 interest and dividends on. other securities, a total of $726,000,000,



6

REPORT OF THE COMPTROLLER OF THE CURRENCY

which was a decrease of $78,000,000 in the figures reported for 1946;
and interest and discount on loans of $706,000,000, an increase of
$199,000,000. The principal operating expenses were $521,000,000
for salaries and wages of officers and employees and fees paid to
directors, an increase of $69,000,000 over 1946, and $163,000,000
expended in the form of interest on time and savings deposits, an
increase of $19,000,000. Gross earnings from current operations in
1947 were $1,725,000,000, an increase of $151,000,000 over the
previous year. Operating expenses were $1,081,000,000 as against
$952,000,000 in 1946.
Profits on securities sold in 1947 amounting to $62,000,000, or
$49,000,000 less than in the preceding year, and losses and depreciation on securities in 1947 totaling $70,000,000 were nearly $5,000,000
less than in the year before. Losses charged off on loans and discounts
of $74,000,000 were $29,000,000 more than in 1946. Taxes on net
income, Federal and State, in the year 1947, totaling $183,000,000,
were $3,000,000 less than the amount of such taxes paid in 1946.
Cash dividends declared on common and preferred stock in 1947
totaled $184,000,000, in comparison with $170,000,000 in 1946. The
annual rate of cash dividends was 3.39 percent of capital funds. The
cash dividends to stockholders in 1947 were 40.51 percent of the net
profits available for the year. The remaining 59.49 percent of net
profits, or $269,000,000, was retained by the banks in their capital
funds.
Interest and dividends on securities were 42 percent of gross earnings
in the year 1947, with the banks in Federal Reserve district No. 12
showing the smallest ratio of 32 percent and those in district No. 3
the largest ratio of 52 percent. Interest and discount on loans accounted for 41 percent, varying in ratio from 34 percent in district
No. 2 to 52 percent in district No. 12. Salaries, wages, and fees were
30 percent, ranging from 27 percent in district No. 4 to 32 percent in
district No. 2. The net operating earnings before income taxes were
37 percent of gross earnings, with averages ranging from 35 percent
in district No. 1 to 41 percent in district No. 10.
Interest and discount on loans to the average total of loans in the
year was nearly 4 percent and varied from almost 3 percent in district
No. 2 to almost 4^ percent in districts Nos. 10 and 12. Interest
and dividends on securities was more than l}i perqent on average
total securities held, the banks in district No. 10 showing the lowest
ratio, nearly 1% percent, while the banks in district No. 3 showed
the highest ratio of 2 percent.
Net operating earnings before income taxes were 12 percent of
average total capital accounts, the lowest ratio being-9 percent in
districts Nos. 1, 2, and 4, and the highest ratio 19 percent in district
No. 12. Net profits before dividends for the period were 8>£ percent
of average capital accounts, the ratios ranging from 6 percent in
districts Nos. 1 and 4 to 12 percent in district No. 12.
Summaries of the earnings, expenses, and dividends of national
banks for the years ended December 31, 1946, and December 31,
1947, are shown in the following table:




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Earnings, expenses, and dividends of national banks for years ended Dec. 81,
1946 and 1947
[In millions of dollars]
Change
since 1946

1947
5,011
1,769.2
5,293.3

Total
Net earnings from current operations
Recoveries and profits:
Recoveries on securities
Profits on securities sold or redeemed
Recoveries on loans
Allother

_

Total
Losses and charge-offs:
On securities
On loans
Allother

_ __

_

__

1, 573.5

+151. 3

520.7
163.3
59.1
24.1
313.6

451.8
144.5
54.3
23.3
277.6

+68. 9
+18.8
+4.8
+.8
+36.0

951.6

+129.1

621. 9

+22.2

33.8
110.5
41.3
29.0

-8.2
-49.1
+2.3
+1.0

214.7

-54.1

69.8
73.5
25.6

Total
Current operating expenses:
Salaries, wages, and fees
Interest on time deposits (including savings deposits)
._
Taxes other than on net income
Recurring depreciation on banking house, furniture and fixtures..
Other current operating expenses

-81.1
+2.5
+199.1
+13.9
+16.8

160.6

__ . . .

701.6
102.6
507.2
69.4
192.7

25.6
61.4
43.6
30.0

_

620.5
105.1
706.3
83.3
209.5

644.1

_.

-2
+69.4
+400.3

1,080. 7

Earnings from current operations:
Interest and dividends on—
U. S. Government obligations
Other securities
Interest and discount on loans
Service charges on deposit accounts
Other current earnings

5,013
1, 699.8
4,893.0

1, 724.8

Number of banks 1
Capital stock (par value) 2
Capital accounts 2

1946

74. 6
44.5
36.6

-4.8
+29.0
-11.0

169.0

155. 7

+13.3

Profits before income taxes

635.7

680.9

-45.2

Taxes on net income:
Federal
State

172.6
10.1

174.5
11.5

-1.9
-1.4

Total

Total

_..

182.8

186.0

-3.2

Net profits before dividends

453.0

494.9

-41.9

Dividends:
On preferred stock
On common stock:
Cash dividends
Stock dividends

1.4

2.4

-1.0

182.1
23.5

167.7
28.2

+14.4
-4.7

207.0

Total
Ratios:
Expenses to gross earnings-.
. .
Net profits before dividends to capital accounts
Cash dividends to capital stock
Cash dividends to capital accounts

_____
_.

198.3

+8.7

Percent
62.66
8.56
10.37
3.47

Percent
60.47
10.11
10.01
3.48

Percent
+2.19
-1.55
+.36
-.01

1
Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which
reported for the first half of the year but were inactive at the close of the year.
2 Figures are averages of amounts reported for the June and December call dates in the current year and
the December call date in the previous year.
NOTE.—Figures are rounded to the nearest tenth of a million and may not equal totals.




8

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

The authorized capital stock of the 5,013 national banks in
existence at the close of business on December .31, 1947, including
2 inactive banks, consisted of common capital stock aggregating
$1,752,506,097, a net increase during the year of $37,244,630, and
preferred capital stock aggregating $28,046,293, a net decrease during
the year of $14,997,281.
During the year ended December 31, 1947, in addition to 26 applications with proposed capital stock of $7,270,000 carried over from
the previous year, 49 applications were received to organize national
banks and to convert State banks into national banking associations,
with proposed capital stock aggregating $6,175,000. Of these applications, 25 with proposed capital stock agregating $3,660,000 were
approved; 20 with proposed capital stock aggregating $2,560,000 were
rejected; and the remainder were still pending or had been abandoned on December 31, 1947. From the applications carried over
from the previous period and the 25 applications approved during
the current year, 26 national banking associations with common
capital stock aggregating $5,400,000 were authorized to commence
business. Of the 26 charters issued, 8 with common capital stock
aggregating $3,200,000 were the result of the conversions of State
banks; and 1 with common capital of $50,000 was organized for the
purpose of acquiring the business of a liquidating national bank.
During the year ended December 31, 1947, 13 national banks and
10 State banks were consolidated into 11 national banking associations, under authority of the act of November 7, 1918, as amended,
the common capital stock of the consolidated banks being $16,612,500.
Additional assets of approximately $58,476,758 were brought into
the national banking system by reason of the 10 State banks consolidated with the national banks. Also, during this period national
banks reported the purchase of the business of 21 State banks, with
aggregate capital stock of $2,452,500 and aggregate assets of approximately $120,989,977.
During the year ended December 31, 1947, 30 national banks with
common capital stock of $5,360,000, among which were 2 with preferred capital stock aggregating $62,300, went into voluntary liquidation in the manner provided by sections 5220 and 5221, United
States Kevised Statutes. Of these banks, 2 with common capital
stock of $80,000, and assets of $718,137, paid their depositors and quit
business; 20 with common capital stock of $3,375,000 and assets
aggregating $150,508,063, including 1 with preferred capital stock
of $17,300, were succeeded by other national banks; and 8 with common capital stock of $1,905,000, and assets aggregating $78,700,255,
including 1 with preferred capital stock of $45,000, were succeeded
by State banks.
Changes in the number and capital stock of national banks during the year ended December 31, 1947, are shown in the following
summary:




9

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Organization, capital stock changes, and national banks closed as reported
during the year ended Dec. 81, 1947
Number
of banks

Increases:
Banks newly chartered:
Primary organizations
Reorganizations
Conversions of State banks
_..
Capital stock:
143 cases by statutory sale
158 cases by statutory stock dividend
83 cases by stock dividend under articles of association ,
1 case by conversion of preferred stock
10 cases by statutory consolidation
_._
1 case by increase par value preferred stock
Total increases
Decreases:
Banks ceasing operations:
Voluntary liquidations:
Succeeded by national banks
Succeeded by State banks
No successors _ __ _
Statutory consolidations
Receiverships
Capital stock:
187 cases by retirement
2 cases by statutory reduction
— cases by statutory consolidation

17
1
8

Capital stock
Common

Preferred

$2,150,000
50,000
3,200,000
12,520,600
17,445,790
5,974,490
5,000
1,268, 750

$2,400,000

26

._.
___

42, 614,630

2,400,000

20
8
2
2

3,375,000
1,905,000
80,000

17,300
45,000

10,000

__

Total decreases _

_.

17,334,981

32

5,370,000

17,397,281

Net change
Charters in force Dec. 31,1946, and authorized capital stock.

-6
5,019

+37,244, 630
1, 715,261, 467

-14,997,281
43,043, 574

Charters in force Dec. 31,1947, and authorized capital stock

5,013

1,752, 506,097

28,046,293

BRANCHES

On December 31, 1947, 254 national banks were operating a total
of 1,841 branches, including 6 seasonal offices.
During the year ended December 31, 1947, 108 branches were
brought into the national banking system. Of the 108 branches, 65
were authorized to operate in places other than the city in which the
parent bank is located. During the same period 10 branches were
discontinued, 4 through action of the boards of directors of the parent
banks and 6 through voluntary liquidation of the parent banks.
Of the 108 branches authorized, 100 were operating on December
31, 1947. One branch authorized in 1945 and 5 branches authorized in
1946 did not begin operations until 1947. There was a net gain in the
system of 96 operating branches in the year.
NATIONAL BANK NOTES OUTSTANDING
There were as of December 31, 1947, $104,216,550 of national bank
notes outstanding.




10

REPOKT OF THE COMPTROLLER OF THE CURRENCY
DISTRIBUTION OF ALL BANKS

On December 31, 1947, there were 14,755 commercial and savings
banks in the United States and possessions with deposits of $162,712,856,000. Of these banks 13,597, or 92 percent, with 95 percent of
the deposits, were insured banks. The 5,005 national banks, members
of the Federal Reserve System, represented 34 percent of all banks
and held 50 percent of the total deposits. The 533 mutual savings
banks, of which 194 were insured banks, held $17,762,806,000 of
deposits.
Classification of all banks, Dec. 81, 1947 •
Deposits

Banks
Change
in 12
months
(percent
of grand
total)

Number of
banks

National banks
State member banks:
Commercial
Mutual savings
Nonmember insured banks:
State commerciall
Mutual savings
Total insured banks
Nonmember uninsured banks: 2
State commercial and private .
Mutual savings
Total

Percent of
grand
total

5,005

33.92

1,915

12.98
.02

+.06

6,483
191

43.94
1.29

13,597
819
339
14,755

100.00

Amount
(000
omitted)

- 0 . 3 0 $82,023,000

Percent of
grand
total

Change
in 12
months
(percent
of grand
total)

50.41

+0.17

40,488,310
16,417

24.88
.01

-.23

-.22
+.01

19,377,356
12,190, 536

11.91
7.49

-.13
+.21

92.15

-.45

154, 095, 619

94.70

+.02

5.55
2.30

+.49
-.04

3,061,384
5,555,853

1.88
3.42

+.01

162,712,856

100.00

0

0

i Includes 4 nonmember insured national banks.
" Includes 2 nonmember uninsured national banks.
2

ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES
AND POSSESSIONS

The total deposits of all classes of active banks in the United States
and possessions on December 31, 1947, amounted to $162,713,000,000,
an increase of $5,912,000,000, or 4 percent, since December 31, 1946.
The total assets at the end of 1947 amounted to $176,007,000,000,
which was $6,601,000,000, or 4 percent, more than at the end of 1946.
The banks held obligations of the United States Government,
direct and guaranteed, of $81,623,000,000 in December 1947, a
decrease of $5,471,000,000, or 6 percent, since December 1946.
Obligations of States and political subdivisions held amounted to
$5,362,000,000, an increase of $884,000,000, and other securities held
amounted to $5,398,000,000, an increase of $333,000,000. The
aggregate of all securities held at the end of December 1947 was
$92,383,000,000, and represented 52 percent of the banks' total assets.
At the end of the previous year the ratio was 57 percent.
Loans totaled $43,229,000,000 in December 1947, an increase of
$7,406,000,000, or 21 percent, since December 1946. Commercial
and industrial loans of $18,299,000,000 at the end of 1947 were 29
percent greater than at the end of 1946; consumer loans of $5,791,000,


REPORT OF THE COMPTROLLER OF THE CURRENCY

11

000 increased 41 percent in the year; real estate loans of $14,301,000,000 were up 22 percent, and all other loans of $4,838,000,000 decreased
17 percent in the year.
Cash and balances with other banks, including reserve balances,
in December 1947 were $38,559,000,000, an increase of $3,341,000,000
since December 1946.
Total capital accounts on December 31, 1947, were $11,996,000,000,
compared to $11,438,000,000 at the end of 1946. The total of surplus,
profits, and reserves at the end of 1947 was $8,654,000,000, an increase
of $516,000,000, or 6 percent, in the year.
Deposits of individuals, partnerships, and corporations of
$137,740,000,000 on December 31, 1947, were $6,124,000,000, or 5
percent, greater than at the end of 1946, and United States Government and postal savings deposits of $1,539,000,000 were $1,654,000,000
less than at the end of 1946.
Deposits of States and political subdivisions of $7,788,000,000
increased $876,000,000 in the year. Deposits of banks were
$13,045,000,000, an increase of $365,000,000, and other deposits
were $2,601,000,000, an increase of $201,000,000.
In order to avoid duplication of work, an agreement was reached
by the Comptroller's Office, the Board of Governors of the Federal
Reserve System and the Federal Deposit Insurance Corporation in
the early part of 1947 whereby a single tabulation of t e assets and
liabilities of all operating banks in the United States aiiv possessions
would be made semiannually by the Corporation beginning June 30,
1947, instead of following the practice pursued previously when each
of these three Federal banks supervisory agencies tabulated such
figures independently. Therefore, the assets and liabilities for all
banks for 1947 published by the Comptroller in the current annual
report have been supplied by the Corporation. The figures for all
banks published in subsequent annual reports will be obtained from
the same source. The Comptroller's Office, however, will continue to
tabulate the returns of national banks and make them available to
the Corporation for inclusion in the all bank figures,
A statement of the assets and liabilities of all classes of active banks
in the country at the end of December 1946 and 1947 follows:
Assets and liabilities of all banks in the United States and possession, 1946 and 1947
[In millions of dollars]
Change
since
1946

Dec. 31,
1947 1
14,755

Number of banks

Dec. 31,
1946
14,633

+122

14,301
18, 299

11,675
14,237

+2,626
+4,062

2,075
8,554

3,163
6,748

-1,088
+1,806

43, 229

35,823

+7,406

81,623
5,362

87,094
4,478
4,537

-5,471
+884
+361

ASSETS

Loans on real estate
Commercial and industrial loans (including open-market paper)
Loans to brokers and dealers in securities and other loans for the purpose of
purchasing or carrying securities
Other loans, including overdrafts
Total loans
U. S. Government obligations, direct and guaranteed
Obligations of States and political subdivisions.-Other bonds, notes, and debentures

See footnote at end of table.



12

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of all banks in the United States and possessions, 1946
and 1947—Continued
[In millions of dollars]
Dec. 31,
19471

Dec. 31,
1946

Change
since
1946

ASSETS—continued
Corporate stocks, including stocks of Federal Reservelbanks

_

500

528

..

92,383

96,637

Currency and coin
Balances with other banks, including reserve balances, and cash items in
process of collection
_.
_
Bank premises owned, furniture and fixtures.—
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or
other real estate
Customers' liability on acceptances outstanding
Other assets.
_
-.

2,393

2,222

+171

36,166
1,060
34

32,996
1,017

+3,170
+43
-5

67
167
508

71
134
467

+33
+41

176,007

169,406

+6,601

85,302
52,438
1,539
7,788
13,045
2,601

81,328
50,288
3,193
6,912
12,630
2,400

+3,974
+2,150
-1,654
+876
+365
+201

162,713

156,801

+5,912

75
191
1,032

151
968

+27
+40
+64

164,011

157, 968

+6,043

62
88
3,192
5, 734
2,246

116
3,116
5,401
2,049

+76
+333
+197

674

688

-14

11,438

+558

Total securities

_

Total assets

.

-4,254

LIABILITIES

Deposits of individuals, partnerships, and corporations:
Demand—
_.Time
U. S. Government and postal savings deposits
Deposits of States and political subdivisions...
Deposits of banks
Other deposits (certified and cashiers' checks, e t c . ) Total deposits

_..,

_.
_

_

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding
Other liabilities....
Total liabilities
CAPITAL ACCOUNTS

Capital 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

_

11,996
176,007

+6,601

» Figures obtained from the Federal Deposit Insurance Corporation.

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, 1947. Reports were required as of June
30, October 6, and December 31. Summaries from all condition
reports, by States, are published in pamphlet form. National banks
wej-e 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.



REPORT OF THE COMPTROLLER OF THE CURRENCY

13

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, 1947.1
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, 1947.
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, 1947, and reports of receipts and disbursements for the year ended December 31, 1947.
Detailed figures for reports of condition and earnings and dividends
will be found in the appendix of this report.
AFFILIATES AND HOLDING COMPANY AFFILIATES OF NATIONAL
BANKS

The Federal statute requires each national bank to obtain and
submit to the Comptroller periodically reports of its affiliates, as
defined in sections 2 (b) and (c) of the Banking Act of 1933, as amended, unless waived by the Comptroller. At the end of December
1947, 859 of the national banks reported 11,866 affiliates and holding
company affiliates, of which 10,199 were duplications reported by 239
banks. The actual number of affiliates, or 1,667, included 22 holding
company affiliates controlling 192 active national banks, varying in
number from 1 to 47 associations. At the end of 1946 there were 24
holding company affiliates which controlled 189 national banks,
varying in number from 1 to 49 associations. Under the waiver of
requirement for reports of affiliates, it was necessary for only 350
banks to submit and publish 400 reports of affiliates and holding
company affiliates. Of the latter number 179 were duplications
of reports of affiliates and holding company affiliates by 175 banks.
LIQUIDATION OF INSOLVENT NATIONAL BANKS
During the year ended December 31, 1947, there were no failures
of national banks. The liquidation of two insolvent national banks
was completed during the year, leaving a total of nine receiverships in
process of liquidation as of December 31,1947. Of such nine banks, five
were in charge of the Federal Deposit Insurance Corporation • as
receiver. Of the remaining four banks, three were involved in
litigation and one had remaining assets to be liquidated before a final
dividend could be paid.
ISSUE AND REDEMPTION OF NOTES
Nine hundred and seventy-three shipments of Federal Keserve
currency were made from Washington, D. C , during the year ended
785882—48

2




14

REPORT OF THE COMPTROLLER OF THE CURRENCY

December 31, 1947, to Federal Keserve agents and Federal Reserve
branch banks, aggregating $4,533,780,000 and in addition, 29 deliveries
were made to the Treasurer of the United States aggregating
$134,480,000.
Four thousand nine hundred and thirty-three lots of unfit Federal
Eeserve currency were received for verification and certification for
destruction consisting of 437,311,926 notes aggregating $5,101,935,086.
Twenty-six lots of national-bank notes were received for verification
and certification for retirement and destruction consisting of 496,367
notes aggregating $7,319,145.
Fifty-seven thousand two hundred and forty-four fragments or
charred Federal Eeserve and national bank notes aggregating
$1,302,586 were presented by the Treasurer of the United States for
identification and approval.
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, 1947, 9,482 examinations of
banks, 3,033 examinations of branches, 1,765 examinations of trust
departments, 73 examinations of affiliates were conducted. Thirteen
State banks were examined in connection with conversions to or consolidations with national banks. Investigations were also conducted
in connection with applications for 36 new charters and 132 new
branches.
ORGANIZATION AND STAFF
The personnel of the Office of the Comptroller of the Currency on
December 31, 1947, consisted of 1,039 persons. Two hundred and
fifteen were assigned to the Washington office, which included 26 in
the Division of Insolvent National Banks which has been considerably
contracted during the past year, and 30 in the Federal Reserve Issue
and Redemption Division, which is an expense of the Federal Reserve
banks. One hundred and eighteen clerical employees were stationed
in the 12 field offices located in the 12 Federal Reserve districts.
There was a net decrease of 36 in the Washington office, occasioned
largely through reduction in the personnel of the Division of Insolvent
National Banks, and a net increase of 38 in the field force, the result
of our effort to bring our examining staff up to present requirements.
Only 2 field employees and 2 Washington office employees remained
in the armed forces on December 31, 1947.
During the year 15 national bank examiners and 75 assistant
national bank examiners left the service. In the same period 26
assistant examiners were promoted to examiners, and 125 new assistants were appointed, leaving a total of 243 national bank examiners
and 463 assistant examiners in the service at the year end.



REPORT OF THE COMPTROLLER OF THE CURRENCY

15

EXPENSES OF THE BUREAU

The expenses of the office incident to the supervision of national
banks are met largely by fees assessed against the banks. Such expenses paid from these assessments for the calendar year 1947 were
$5,577,245.59.
Expenses amounting to $5,392.48 were paid from Congressional
appropriations.
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 1947 were $274,691.86.
The expenses of the Federal Reserve Issue and Redemption Division
are paid by the Federal Reserve banks. These expenses for the
calendar year 1947 were $65,728.52,







APPENDIX
17

CONTENTS
TABLES
Page

No. 1. Total number of national banks organized, 'consolidated under act
November 7, 1918, as amended, insolvent, in voluntary liquidation, and in existence on December 31, 1947
22
No. 2. 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 14-month period from November 1, 1941, to December 31,
1942, inclusive, and for the years ended December 31, 1943
to 1947
23
No. 3. National banks chartered during the year ended December 31,
1947
23
No. 4. National banks chartered which were conversions of State banks
during the year ended December 31, 1947
24
No. 5. National banks reported in voluntary liquidation during the year
ended December 31, 1947, the names of succeeding banks in
cases of succession, with date of liquidation and capital
25
No. 6. National and State banks consolidated • during the year ended
December 31, 1947, under act November 7, 1918, as amended26
No. 7. Number of domestic branches of national banks authorized during
the year ended December 31, 1947
27
No. 8. Number and class of domestic branches of national banks closed
during the year ended December 31, 1947
29
No. 9. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, December 31, 1946 and 1947__
30
No. 10. Dates of reports of condition of national banks, 1914 to 1947
31
No. 11. Assets and liabilities of national banks on June 30, October 6, and
December 31, 1947, by States and Territories
33
No. 12. Earnings, expenses, and dividends of national banks by States,
for the year ended December 31, 1947
87
No. 13. Earnings, expenses, and dividends of national banks, by'Federal
Reserve districts, for the year ended December 31, 1947
94
No. 14. Earnings, expenses, and dividends of national banks, by size of
banks, for the year ended December 31, 1947
96
No. 15. Earnings, expenses, and dividends of national banks, years ended
December 31, 1945 to 1947
.
98
No. 16. Number of national banks, capital stock, capital funds, net profits,
dividends and ratios, years ended December 31, 1929-47
99
No. 17. Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years
1928-47
100
No. 18. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1928-47
„
100
No. 19. Foreign branches of American national banks, December 31, 1947_ 101
No. 20. Consolidated statement of assets and liabilities of foreign branches
of national banks, December 31, 1947
102
No. 21. Assets and liabilities of banks in the District of Columbia, by
classes, December 31, 1947
103
No. 22. Assets and liabilities of all banks in the District of Columbia at
 date of each call during year ended December 31, 1947
105
http://fraser.stlouisfed.org/
19
Federal Reserve Bank of St. Louis

20

REPORT OF THE COMPTROLLER OF THE CURRENCY
Page

No. 23. Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during year ended December 31,
1947
No. 24. Earnings, expenses, and dividends of banks in the District of
Columbia, years ended December 31, 1947 and 1946
No. 25. Number of banks, capital stock, capital funds, net profits, interest
and dividends, and ratios, all banks in the District of Columbia,
years ended December 31, 1929-47
L
No. 26. Total loans of banks in the District of Columbia, losses and recoveries on loans, and ratio of net losses or recoveries to loans, by
calendar years 1928-47
No. 27. Total securities of banks in the District of Columbia, losses and
recoveries on securities, and ratio of net losses or recoveries to
securities, by calendar years 1928-47
No. 28. Summary of assets and liabilities December 31, 1947, and receipts
and disbursements in year ended December 31, 1947, of the 24
building and loan associations in the District of Columbia
No. 29. Summary of assets and liabilities December 31, 1947, and receipts
and disbursements in year ended December 31, 1947, of the 19
District of Columbia credit unions
No. 30. Assets and liabilities of all active banks in the United States and
possessions, by classes, December 31, 1947
,.
No. 31. Assets and liabilities of all active banks in the United States and
possessions, by States and Territories, December 31, 1947____..
No. 32. Assets and liabilities of active national banks, by States and
Territories, December 31, 1947
No. 33. Assets and liabilities of all active banks other than national, by
States and Territories, December 31, 1947
No. 34. Assets and liabilities of active State commerial banks, by States
and Territories, December 31, 1947
No. 35. Assets and liabilities of active mutual savings banks, by States,
December 31, 1947
No. 36. Assets and liabilities of active private banks, by States, December
31, 1947
No. 37. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, December 31,
1947
No. 38. Officials of State banking departments and number of each class
of active banks in December 1947
-—
No. 39. Assets and liabilities of all active banks, 1936 to 1947
No. 40. Assets and liabilities of all active national banks, 1936 to 1947
No. 41. Assets and liabilities of all active banks other than national, 1936 to
1947
.
No. 42. 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,
1947
.
No. 43. Number and deposits of national and District of Columbia nonnational banks placed in receivership period April 14, 1866, to
December 31, 1947, by groups according to percentages of dividends paid to December 31, 1947_ _
No. 44. Liquidation statement, 11 receiverships in liquidation during
year ended December 31, 1947
No. 45. Liquidation statement, 2 administered receiverships completely
liquidated and finally closed, during year ended December 31,
1947



106
107
108
109
110
111
112
113
115
124
132
140
148
152
156
158
160
161
162
163
166
167
168

REPORT OF THE COMPTROLLER OF THE CURRENCY

21
Page

No. 46. Liquidation statement, 9 active receiverships as of December 31,
1947
No. 47. National banks in charge of receivers during year ended December
31,1947, 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, 1947
No. 48. Bank suspensions since inauguration of Federal Deposit Insurance, years ended December 31, 1934 to 1947
No. 49. Fiduciary activities of national banks as of December 31, 1947
No. 50. Fiduciary activities of national banks by Federal Reserve districts as of December 31, 1947
No. 51. Classification of investments in living and court trust accounts
under administration by the active national bank trust departments, December 31, 1947




169

170
176
177
178
178

22

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 1.—Total number of national banks organized, consolidated under act
Nov. 7, 1918, as amended, insolvent, in voluntary liquidation, and in existence
Dec. 31, 1947
Organized

States

Maine
New Hampshire

127
80
85
371
67
121

_

Massachusetts
Rhode Island
_
_
ConnecticutTotal New England States
_
New York
New Jersey _
_ _ _ . _

851
991
417
1,282
30
141
32

P e r m sy 1 VR.TII a

Delaware
_
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
_
Alabama
Mississippi
_ __ _._ _
Louisiana
Texas
Arkansas _
____
_ _ _ .
Kentucky
Tennessee
Total Southern States
Ohio
Indiana
Illinois
Michigan
Wisconsin
_._
Minnesota... . . .
..
Iowa
_ _ _ _ _ _ _
. _ _
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas.
__ _ _ _ _ _ _ _ _
Montana
Wyoming
___ _
Colorado
New Mexico
Oklahoma
._
Total Western States..
Washington _ _ _
_
Oregon
_
California
Idaho...
_
Utah
Nevada
. . .
Arizona...
Total Pacific States
Alaska
Territory of Hawaii
Puerto Rico
Virgin Islands
Total possessions
_'
Total United States and possessions

2,893
249
190
151
122
185
146
176
79
106
1,174
145
246
" 206
3,175
695
437
909
318
272
489
544
293
3,957
259
219
403
447
193
61
218
84
742
2,626
225
148
514
110
38
17
31
1,083
5
6
1
1
13
1

14, 598

Consolidated
under
act Nov.
7,1918
5
2
1
23
3
4
38
54
19
46
1
4
124
17
11
5
6
8
2
2
4
3
35
1
9
7
110
25
12
16
10
9
7
4
10
93
3
12
1
4
3
3
12
38
17
2
12
3
1
1
36

Insolvent

13
5
17
28
2
7
72
129
59
211
1
17
7
424
28
38
44
43
42
42
45
16
16
140
39
37
36
566
112
98
227
77
54
116
204
58
946
100
93
83
76
76
12
55
25
84
604
51
30
64
35
6
4
6
196

1

In liqui- In existdation
ence

76
22
28
199
53
59
437

33
51
39
121
9
51
304

419
125
377
16
61
12

389
214
648
13
62
9
1,335

1,010
73
65
57
49
85
41
62
34
53
561
55
107
93
1,335318
202
288
153
114
186
240
146
1,647
115
79
192
193
75
23
83
35
445
1,240
119
94
344
60
17

7

21
662
1
41

131
76
45
24
50
61
67
25
34
438
50
93
70
1,164
240
125
378
78
95
180
96
79
1,271
41
35
127
174
39
26
77
24
201
744
38
22
94
15
12
5

3
189
4
1
1

1
440

6
2 2,808

3 6,337

6
5,013

* Includes 456 organized under act Feb. 25,1863; 9,380 under act 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.
»Includes 208 passed into liquidation upon expiration of corporate existence.




23

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

T A B L E N O . 2.—Number and authorized capital stock of national banks chartered
and the number and capital stock of national banks closed in each year ended Oct.
31, from 1935 to 1941, inclusive, for the 14-month period from Nov. 1, 1941 to
Dec. 31, 1942, inclusive, and for the years ended Dec. 31, 1943 to 1947 inclusive
Closed
Chartered
Year

No.

1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

Capital

Consolidated
under act
Nov. 7,1918

No.

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
21 3, 815,000
39 5,110,000
36 8,475,000
26 5, 400,000

Loss to
capital

13 1 $447,100
3 1215,000
8 1 302,875
3
1 12 75,000
4 1 582, 500
6
1 25,000
1
1 42,000
1
3 1 2 125, 000
5 1 1 , 700, 000
1
10
50,000
2

In voluntary
liquidation

No.

Capital

Insolvent

No.

189 $19,615,250
76 7,680,000
98 11,049, 540
47 4, 550, 500
56 7,066,000
53 5,178,250
41 5, 319,180
48 6, 604,100
50 5,129,155
30 3, 229,750
43 3, 513, 000
35 4, 535,000
30 3 5, 422,300

Capital

25 $4,305,020
6 10,200,000
11 1,987,150
2
50,000
6
745,000
3
2
2

282,000
160,000
650,000

Net yearly
Net yearly
increase
decrease
(exclusive of
(exclusive of
existing banks existing banks
increasing
decreasing
their capital)
their capital)

No.

Capital

No.

Capital

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
$460,250 12
9
103,000
9
3,890,000
6
22,300

1

Amount of capital reductions incident to consolidations.
Preferred capital stock reductions.
3 Includes $62,300 preferred capital stock.
2

TABLE N O 3.—National banks chartered during the year ended Dec. 31, 1947

ALABAMA
14590

$50,000

First National Bank of Columbiana
CALIFORNIA

14585

The American National Bank of Big Bear Lake

t
50,000
—

CONNECTICUT
14588

50,000

First National Bank o Windsor Locks...
f
FLORIDA

14573

200,000

Citizens National Bank of Orlando
GEORGIA

14587

100,000

First National Bank of East Point
ILLINOIS

14574
14575
14583
14589
14595
14596

Tampico National B ank, Tampico
Union National Bank o East St. Louis
f
Glencoe National Bank, Glencoe
First National Bank of Byron
Wheaton National Bank, Wheaton
Commercial National Bank of Berwyn...

_

Total (6 banks)

50,000
300,000
100,000
50,000
100,000
150,000
750,000

LOUISIANA
14593

West Carroll National Bank of Oak Grove




50,000

24

REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 3.—National banks chartered during the year ended Dec, 31,

1947— Continued

Charter
No.

Capital
stock
(common)

Title

MICHIGAN

14582

$150,000
=====
75,000

The Midland National Bank, Midland
MISSISSIPPI

14592
First National Bank of Picayune

N E W MEXICO

14577

75,000

Lovington National Bank, Lovington
14579
14586

1,000,000
1,500,000

OHIO

First National Bank of Akron

2, 500,000

Commerce National Bank of Toledo
Total (2 banks)
14578

100,000

OKLAHOMA

Security First National Bank of Hugo
14584
14591
14597

First National Bank in Brownsville
14594

200,000
50,000
100,000

PENNSYLVANIA

Fayette National Bank and Trust Company of Uniontown.
Central City National Bank, Central City
Total (3 banks)

350,000

-

_

200,000

SOUTH CAROLINA

14576
14581
14598

Piedmont National Bank of Spartanburg
First National Bank in Grand Prairie
Southwest National Bank of El Paso

14586

100,000
400,000
100,000

TEXAS

.

600,000
100,000

National Bank of Sweetwater

5,400,000

Total (3 banks)
WASHINGTON

TABLE First National Bank of Bellevue chartered which were conversions of State banks
N O . 4.—National banks
Total United States (26 banks)
during the year ended Dec. 31, 1947
Charter
No.

14575
14578
14579
14586
14587
14589
14590
14595

Title and location

State

Union National Bank of East St.
Louis.
Security First National Bank of Hugo.
First National Bank of Akron
Commerce National Bank of Toledo. .
First National Bank of East P o i n t —
First National Bank of Byron.
_
First National Bank of Columbiana..
Wheaton National Bank, Wheaton...
Total (8 banks)




.

. . . .

Illinois
Oklahoma
Ohio
do
Georgia
Illinois
Alabama
Illinois...

Effective
date of
charter

Authorized
capital

Feb. 17

$300,000

Mar.
Apr.
June
...do
July
July
Oct.

24
100,000
1 1,000,000
2 1,500,000
100,000
1
50,000
3
50,000
1 100,000

Approximate
surplus
and undivided
profits

Approximate
assets

$258,466 $16,348,377
52,636
3,172,997
2,975,898 125,209,271
1,723,365 52,417,064
37,224
884,291
43, 780
2,060, 630
72,040
2,279,648
92,618
4,327,186

3,200,000 5,256,027 206,699,464

25

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. 31, 1947, the names of succeeding banks in cases of succession, with
date of liquidation and capital stock
Name and location of bank

Date of
liquidation

The Peoples National Bank of Ellwood City, Pa. (8678), absorbed by Lawrence Savings and Trust Company, New Castle,
Pa
--- Dec. 31,1946
The First National Bank of Lemont, 111. (11422), absorbed by
The Lemont National Bank, Lemont
Jan. 27,1947
The First National Bank in Fort Payne, Ala. (11451), absorbed
by State National Bank of Decatur, Ala
Jan. 21,1947
The Forest County National Bank of Tionesta, Pa. (5038), absorbed by The Warren National Bank, Warren, Pa
Feb. 8,1947
The Kensington National Bank of Philadelphia, Pa. (544), absorbed by The Pennsylvania Company for Insurances on Lives
and Granting Annuities, Philadelphia, which later changed
its title to The Pennsylvania Company for Banking and Trusts. Mar. 15,1947
The First National Bank of Evanston, Wyo. (8534), succeeded by
First National Bank in Evanston
Jan. 27,1947
The First National Bank of Cameron, Mo. (4259)
Mar. 22,1947
The Fidelity National Bank in New York, N. Y.i (13959), absorbed by Manufacturers Trust Company, New York
May 19,1947
The Union National Bank of Schenectady, N. Y. (4711), absorbed
by The Schenectady Trust Company, Schenectady
June 2,1947
The National Kittanning Bank, Kittanning, Pa. (6127), absorbed
by Safe Deposit and Title Guaranty Company, Kittanning
do
First National Bank in Vale, Oreg. (14465), absorbed by The
United States National Bank of Portland, Oreg_
May 31,1947
First National Bank in Deer Creek, Minn. (13303), absorbed by
The First National Bank in Wadena, Minn
June 5,1947
The Citizens National Bank of Webb, la. (11162), succeeded by
Citizens State Bank, Webb
June 12,1947
The First National Bank of Greens Fork, Ind. (7124), absorbed
by The Second National Bank of Richmond, Ind
June 30,1947
The Central City National Bank, Central City, Pa. (11967), succeeded by Central City National Bank, Central City..
._. July 14,1947
The First National Bank in Cowgill, Mo. (13546)
Aug. 2,1947
Clark County National Bank of Vancouver, Wash. (10686), absorbed by Seattle-First National Bank, Seattle, Wash
Aug. 30,1947
The Central National Bank at Battle Creek, Mich.2 (13858), absorbed by Michigan National Bank, Lansing, Mich...
-—do
The Commercial National Bank of Snow Hill, Md. (6297), absorbed by County Trust Company of Maryland, Cambridge,
Md.
Sept. 23,1347
The Copenhagen National Bank, Copenhagen, N. Y. (10077),
absorbed by The Northern New York Trust Company, WaterOct. 11,1947
town, N. Y
The First National Bank of Lakehurst, N. J. (12571), absorbed
Oct. 31,1947
by The First National Bank of Toms River, N. J
The Washington National Bank of Burgettstown, Pa. (6944),
absorbed by The Citizens National Bank of Washington, Pa - Nov. 3,1947
The First National Bank of High Bridge, N. J. (5333), absorbed
by The Hunterdon County National Bank of Flemington,
Oct. 28,1947

The' Braddock National Bank" Braddock"" Pa." (2828)7absorbed
by Mellon National Bank and Trust Company, Pittsburgh,
Pa
Nov. 7,1947
First National Bank in Sewickley, Pa. (13699), absorbed by Mellon National Bank and Trust Company, Pittsburgh. Pa
Nov. 22,1947
The First National Bank of Swissvale, Pa. (6109), absorbed by
Mellon National Bank and Trust Company, Pittsburgh, P a . . . Dec. 5,1947
First National Bank & Trust Company of East Pittsburgh, Pa.
(14359), absorbed by Mellon National Bank and Trust Company, Pittsburgh, Pa
Dec. 12,1947
First National Bank of Wilmerding, Pa.3 (5000), absorbed by
Mellon National Bank and Trust Company, Pittsburgh, Pa.. Nov. 28,1947
The Forbes National Bank of Pittsburgh, Pa.* (13153), absorbed
by Mellon National Bank and Trust Company, Pittsburgh... Dec. 19,1947
The Hays National Banks, Hays, Pittsburgh, Pa. (6507), absorbed by Peoples First National Bank & Trust Company,
Pittsburgh
Dec. 13,1947
Total (30 banks)
i With 1 branch in New York.
* With 2 branches, 1 in Nashville, and 1 in Bellevue.
* With 2 branches, 1 in Pitcairn, and 1 in Traff ord.
«With 1 branch in Pittsburgh.




Capital stock
Common

Preferred

$125,000
50,000
50,000

$17, 300

50,000

1,000,000
50,000
50,000
155,000

45,000

400,000
100,000
50,000
25,000
50,000
25,000
50,000
30,000
250,000
400,000
50,000
25,000
50,000
50,000
50,000
500,000
100,000
100,000
500,000
500,000"
500,000
25,000
5,360,000

62, 300

26

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

TABLE NO. 6.—National and State banks consolidated during the year ended Dec.
31, 1947, under act Nov. 7, 1918, as amended
Capital
stock
Vassar Bank, Arlington, Poughkeepsie, N. Y., with
and The First National Bank of Poughkeepsie, N. Y.
(No. 465), which had
consolidated Feb. 15,1947, under charter and title of
the latter bank (No. 465). The consolidated bank
at date of consolidation had
Farmers and Merchants Savings Bank of Oakland,
Calif., with
and Crocker First National Bank of San Francisco,
Calif. (No. 1741), which had..
consolidated Feb. 28,1947, under charter and title of
the latter bank (No. 1741). The consolidated bank
at date of consolidation had
_
Maynard Trust Company, Maynard, Mass., with
and Middlesex County National Bank, Everett,
Mass. (No. 614), which had.
.....
consolidated Mar. 1, 1947, under charter and title of
the latter bank (No. 614). The consolidated bank
at date of consolidation had
The Kansas Trust Company, Kansas City, Kans., with.
and The Commercial National Bank of Kansas City,
Kans. (No. 6311), which had....
consolidated Apr. 30,1947, under charter and title of
the latter bank (No. 6311). The consolidated bank
at date of consolidation had
First Trust Company, Miami, Fla., with
_'._
American National Bank of Miami, Fla (No. 14472),
with
and The First National Bank of Miami, Fla. (No.
6370), which had
consolidated June 14,1947, under charter and title of
the last named bank (No. 6370). The consolidated
bank at date of consolidation had.
The Peoples Bank of Delphos, Ohio, with
and The Old National Bank of Delphos, Ohio (No.
12196), which had
consolidated June 28,1947, under charter of the latter
bank (No. 12196> and title "The Peoples National
Bank of Delphos". The consolidated bank at date
of consolidation had
The Bank of Elkton, Incorporated, Elkton, Va., with..
and The People's National Bank of Charlottesville,
Va. (No. 2594), which ha4
consolidated July 30,1947, under charter of the latter
bank (No. 2594) and title "The Peoples National
Bank of Charlottesville". The consolidated bank
at date of consolidation had.
The First National Bank of Dover, Ohio (No. 4331),
with
and The Exchange National Bank of Dover, Ohio
(No. 4293), which had
._
consolidated Aug. 16,1947, under charter of the latter
bank (No. 4293) and title "The National Bank of
Dover". The consolidated bank at date of consolidation had
Somerville Trust Company, Somerville, Mass., with...
and Middlesex County National Bank, Everett,
Mass. (No. 614), which had
consolidated Oct. 31, 1947, under charter and title of
the latter bank (No. 614). The consolidated bank
at date of consolidation had
Citizens Trust and Savings Bank of Evansville, Ind.,
with
and The Citizens' National Bank of Evansville, Ind.
(No. 2188), which had
consolidated Dec. 1,1947, under charter of the latter
bank (No. 2188) and title "The Citizens National
Bank of Evansville". The consolidated bank at
date of consolidation had
First Security Trust Company, Hickory, N. C, with..
and First National Bank of Catawba County, Hickory, N. C. (No. 4597), which had
consolidated Dec. 30,1947, under charter and title of
the latter bank (No. 4597). The consolidated bank
at date of consolidation had




Surplus

Undivided
profits

Total

$75,000

$75,000

$20,389

$2,633,635

500,000

500,000

338,887

20,565,313
23,198,948

567,500

567,500

374,276

300,000

400,000

294, 590

29,497,810

6,000,000

10,000,000

7,151,513

300,868,027

6,000,000 10,000,000
100,000
87,036

6,770,483
95,726

327,162, 292
3,604,619

1,050,000

1,100,000

1,197,410

44,417, 272

1,100,000
100,000

1,200,000
50,000

1,330,171 . 47,979,391
133,256
283, 256

750,000

450,000

351,112

36,248,997

850,000
100,000

550,000
100,000

434,368
177,898

36,339,478
834, 916

625,968

35,363,299

500,00*0

500,000

3,000,000

700,000

4,000,000
50,000

1,500,000
32,750

1,350,378
7,867

140, 720,165
2,023,199

75,000

75,000

35,799

4,151,821

200,000
25,000

200,000
75,000

65,367
21,320

6,175,020
1,640,246

1,000,000

1,000,000

673,853

25,925,387

1,025,000

1,075,000

695,173

27, 565,628

100,000

75,000

10,973

2,455,902

100,000

100,000

107,519

3,488,883

250,000
200,000

250,000
200,000

100,000
366, 565

8, 625,132
14, 705,359

1,100,000

1,400,000

1,180,700

50,224,733

1,320,000

1,500/000

1,627,265

64,930,092

100,000

100,000

140,829

2,968,415

500,000

600,000

963,206

44,424,444

600,000
62,500

700,000
62,500

1,104,035
117,206

46,768,961
285,303

668,750

668,750

387,974

25,473,443

700,000

700,000

1,185, 212 106, 742,413

25,869,818

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

27

TABLE NO. 7.—Number of domestic branches of national banks authorized during
the year ended Dec, 81, 194.7
Branches authorized under act
Feb. 25,1927, as amended

Charter
No.

Title and location
Local

3728 First National Bank of Arizona, Phoenix..
14324 The Valley National Bank of Phoenix
•
2491
3518
8907
9174
13044
1741
2158

CALIFORNIA

Security-First National Bank of Los Angeles
The First National Bank of Pomona
The Citizens National Trust and Savings Bank of Riverside
The Anglo California National Bank of San Francisco
Bank of America National Trust and Savings Association, San
Francisco
..
Crocker First National Bank of San Francisco
The First National Bank of San Jose
CONNECTICUT

1338
4

Hartford National Bank and Trust Company, Hartford
The First-Stamford National Bank and Trust Company, Stamford
DISTRICT OF COLUMBIA

13782

Hamilton National Bank of Washington...

14444

The Idaho First National Bank, Boise
First Security Bank of Idaho, National Association, Boise.
INDIANA

13987

The Merchants National Bank of Indianapolis
The Indiana National Bank of Indianapolis
The Second National Bank of Richmond
The National Bank and Trust Company of South Bend..
MAINE

941
1528

The Canal National Bank of Portland
The York National Bank of Saco
_.

1413

The First National Bank of Baltimore
The Suburban National Bank of Silver Spring

___

MASSACHUSETTS
5155
614
13252
416
4771
4907

The National Shawmut Bank of Boston
Middlesex County National Bank, Everett
Newton National Bank, Newton
The First National Bank of Easton, North Easton..
Somerville National Bank, Somerville
Springfield National Bank, Springfield

14185
14443
13739
1918

Security National Bank of Battle Creek
Industrial National Bank—Detroit
Community National Bank of Pontiac
Second National Bank and Trust Company of Saginaw..

MICHIGAN

NEVADA
7038

First National Bank of Nevada, Reno, Nevada

8800
892
2509

The Boardwalk National Bank of Atlantic City
The Hunterdon County National Bank of Flemington .
The First National Bank of Toms River, N. J

NEW JERSEY




Other
than
local

Total

28

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 7.—-Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1947—Continued
Branches authorized under act
Feb. 25,1927, as amended

Charter
No.

Title and location
Local

Other
than
local

NEW MEXICO
1750

The First National Bank of Santa Fe..

1301
5271
1461
465
659
1342
10525

The National Commercial Bank and Trust Company of Albany.
The First National Bank of Mount Vernon
The National City Bank of New York
The First National Bank of Poughkeepsie
The Fallkill National Bank and Trust Company of Poughkeepsie
Lincoln National Bank and Trust Company of Syracuse
The Merchants National Bank & Trust Company of Syracuse..
The First National Bank & Trust Company of Tuckahoe

2135
9164
13779

The Commercial National Bank of Charlotte
The Union National Bank of Charlotte
.'
The Citizens National Bank in Gastonia

14579
32
4318
786
14586
2350

First National Bank of Akron
_
The Second National Bank of Cincinnati
Central National Bank of Cleveland..
The National City Bank of Cleveland
Commerce National Bank of Toledo
The Mahoning National Bank of Youngstown.

1553
4514

The First National Bank of Portland
The United States National Bank of Portland-

4374
6301
252
5351
3383

The Butler County National Bank of Butler
Mellon National Bank and Trust Company, Pittsburgh
Peoples First National Bank & Trust Company, Pittsburgh
The Peoples National Bank of Tarentum
The Citizens National Bank of Washington

NEW YORK .

NORTH CAROLINA

_.

OHIO

OREGON

PENNSYLVANIA

RHODE ISLAND
13901

Rhode Island Hospital National Bank of Providence

14425

The Citizens and Southern National Bank of South Carolina,
Charleston...

13349
3032

Union Planters National Bank & Trust Company of Memphis. _.
The American National Bank of Nashville

SOUTH CAROLINA

TENNESSEE

UTAH
2597
2059
9403

First Security Bank of Utah, National Association, Ogden.
The First National Bank of Salt Lake City
The Continental National Bank and Trust Company of Salt
Lake City.
VIRGINIA

7093
2594
2737
11817

Alexandria National Bank, Alexandria—I
The Peoples National Bank of Charlottesville
The First National Exchange Bank of Roanoke---.The Colonial-American National Bank of Roanoke..

11280

Seattle-First National Bank, Seattle

WASHINGTON

Total (73 banks) .




43

65

Total

REPORT OF T H E COMPTROLLER OP T H E CURRENCY

29

TABLE N O . 8.—Number and class of domestic branches of national banks closed
during the year ended Dec. 81, 1947
Branches closed
Branches under act
Feb. 25, 1927, as
amended
Charter
No.

Title and location

10931

The American National Bank of
San Bernardino.

13858

The Central NationallBank at
Battle Creek.

13959

The Fidelity National Bank in
New York.
The National City Bank of New
York.

Manner of
closing

Additional
offices
which
became
branches
Feb. 25,
1927

Branches
authorized
since
Feb. 25,
1927

State
bank
branches
in operation
Feb. 25,
1927,
which
were converted
or consolidated

Total

CALIFORNIA

Board of Directors.

1

1

Shareholders .

2

2

1

1

1

1

Shareholders

1

1

Board of Directors.
Shareholders

1

1

2

2

1

1

10

10

MICHIGAN

NEW YORK

1461

do.
Board of Directors.

PENNSYLVANIA

13153
6301
5000

The Forbes National Bank of
Pittsburgh.
Mellon National Bank and Trust
Company, Pittsburgh.
First National Bank of Wilmerding.
VIRGINIA

10194

The Seaboard Citizens National
Bank of Norfolk.
Total (8 banks)

785882—48

3




Board of Directors.

TABLE NO. 9.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 31, 1946 and 1947
[In thousands of dollars]
Loans and securities
Number of
banks

Total

U.S.
Loans and
discounts, Governincluding ment obrediscounts ligationsand over- direct and
ly drafts guaranteed

Cash, balances with
other banks
including
reserves
Other
with
bonds and Federal
securities Eeserve
banks

Deposits
Real
estate
assets

Total
assets

Capital
'stock

Surplus,
profits
and
reserves

Total

Demand

Time

1946

Banks with deposits of—
$500,000 and under
47
13,060
$500,001 to $750,000
112
52, 799
$750,001 to $1,000,000
183
125,340
$1,000,001 to $2,COO,000
932 1,099,139
$2,000,001 to $5,000,000
1,884 4. 934,144
$5,000,001 to $10,000,000
912 5,282,498
$10,000,001 to $25,000,000._,575 7, 263,013
$25,000,001 to $50,000,000....
174 4, 721,051
$50,000,001 to $100,000,000._.
86 4, 796,913
$100,000,001 to $500,000,000-.
92 13,520,468
$500,000,001 and over
16 22,144,158

8,477
25,085
48,872
402,614
1,562,625
1, 517,580
2,072,451
1,526,898
1,696,553
4, 915,862
6,290,150

5,013 63,952,583 17,309, 767 41,843, 532 4, 799,284

Total

7,755
1,157
34,662
4,720
86,465
9,960
765,821
87, 787
3,463,367
431,685
3,653,098
497,412
5,018,745
635,133
3, 255,153
364, 556
3.192,755
340,010
8, 560,422
718,164
13,775,289 1,708, 700

20,067,167

4,148
13,417
28,915
245,531
1,039,092
1,131, 988
1, 579,135
1,101,342
1,264,148
4, 241,882
6,660,169

1,737
21,728
1,139
18,762
169
16,406
3,773
78,437
3,247
71,265
503
56,595
7,072
175,329
7,268
160,475
1,030
116,732
1,511,292 ' 45,019
62,486
1,401,429 1,009,399
8.628
149,843
257,028 6,120,832 4,224.692
38,289 6,539,988
139, 717
6,850,142
271, 247 6,420,597 4,238,064
43,204
194,812
9,426,825
354,413 8,844,657
76,119
5,895,152
117,123
215, 570 5, 945,448 4,307,944
43, 539 6,306,568
117,900
235, 403 6,180, 204 4,788,871
53,515 6, 565,945
696,054 17,461, 734 14, 546, 534
129,617 18,633, 570 365,441
168,232 28, 740, 439 614,184 1,289,323 26,424,436 21,268,369
562,845

84,850,263 1,756,621

3,393,178

2,356
14,670
43,743
392,030
1,896,140
2,182,533
2,949, 505
1,637,504
1,391,333
2,915,200
5,156,067

79,049,839

60,468,758 18, 581,081

1,432
1,182
15,740
3,487
3,357
64,946
7,120
8,063
157,199
43, 532
66,880
1,356,904
149,960
278, 591 6,113,207
146,276
298, 714 6, 759,239
187.349
362, 258 8,627,724
128,134
242, 934 6.488,843
122,810
254, 406 • 6,407,897
379,482
753,366 18,862,807
610,184 1,371,807 27,420,850

1,877
13,863
14,815
50,131
42,094
115,105
386,421
970,483
4,193, 911 1, 919,296
4,469,270 2,289,969
5, 711,521 2, 916,203
4,682,741 1,806,102
4,938,924 1,468,973
15,688,178 3,174,629
22,001,283 5,419,567

1947
Banks with deposits of—
$500,000 and under
11,274
40
4,388
$500,001 to $750,000
51,497
101
16,189
$750,001 to $1,000,000
125,181
179
34, 949
$1,000,001 to $2,000,000
895 1,092,781
308,050
$2,000,001 to $5,000,000
1,875 4, 969,491 1,318, 751
$5,000,001 to $10,000,000
959 5, 535,304 1,487,113
$10,000,001 to $25,000,000.___
568 7,007,113 1,869,836
$25,000,001 to $50,000,000.___
192 5,083,448 1,390,275
$50,000,001 to $100,000,000..-'
90 4,902,183 1, 515,194
$100,000,001 to $500,000,00096 14,181,017 5,134,317
$500,000,001 and over
16 22, 531,134 8,401,395
Total




5,726
1.160
31,008
4,300
78,899
11,333
691,168
93, 563
3,168,448
482,292
3,451,480
596,711
4,478,050
659, 227
3, 248, 713
444,460
3,016,356
370,633
8,209,357
837,343
12,446,230 1,683, 509

5,011 65,490,423 21,480,457 38,825,435

5,184, 531

6,966
20,056
46,224
368,253
1, 542,011
1,635,390
2,115,364
1, 736,652
1,844,809
5, 709, 297
7,050, 568
22,075, 590

128
18,387
424
72,030
1,111
172,668
8,196
1,470,317
38,139
6, 554, 727
45,248
7,223,875
73,127
9,210, 734
51,165 6,888, 512
54,040
6,820,889
141, 915 20,103,699
172,867 29,911,162
586,360

88,447,000 1,779,766

3,641,558

82,275,356

62,835,410 19,439,946

00
O

31

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 10.—Dates of reports of condition of national banks, 1914 to 1947
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p. 150]
Year
1914.
1915
1916
1917
1918
1919
1920.
1921
1922.
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938.
1939
1940
1941
1942
1943
1944
1945
1946
1947

Jan.

Feb. Mar.

13

Apr. May June July Aug. Sept. Oct. Nov. Dec.

4
4
7
5
4
4

_

28
21

28
10

3

31
_

_

6
12

.

23
28
27
27
25

..
-

_

5
4
4
31
7
29
26

12
2

30
1
1
1
10
12
4

4
4
13

20

5

23
30
20
29
30
30
30
30
30

30
30
30
30
30
29
30
30
30
30
30
29
30
30
30
30
29
30
30
30
30
30
29
30

31
10
17
20
1
17
15

12
11
31
12
8
6
15
14
10
28
10
3
4
24
29
30
25
17

1
28

2

24
18
30
6

31
31
27
31
31
31
29
31
29
31
31
31
31
31
31
31
31
31
31
30
31
31
31
31
31
30
31
31
31
31
30
31
31
31

NOTES

Act of Feb. 25,1863, provided for reports of condition on the first of each quarter, before commencement of
business.
Act of June 3,1864—First Monday of January, April, July, and October, before commencement of business, on form prescribed by Comptroller (in addition to reports on first Tuesda'y of each month showing
condition at commencement of business in respect to certain items; i. e., loans, specie, deposits, and circulation).
Act of Mar. 3,1869, not less than 5 reports per year, on form prescribed by Comptroller, at close of business
on any past date by him specified.
Act of Dec. 28,1922, minimum number of calls reduced from 5 to 3 per year.
Act of Feb. 25,1927, authorized a vice president or an assistant cashier designated by the board of directors
to verify reports of condition in absence of president and cashier.
Act of June 16,1933, requires each national bank to furnish and publish not less than 3 reports each year
of affiliates other than member banks, as of dates identical with those for which the Comptroller shall during
such year require reports of condition of the bank. The report of each affiliate shall contain such information
as in the judgment of the Comptroller shall be necessary to disclose fully the relations between the affiliate
and the bank and to enable the Comptroller to inform himself as to the effect of such relations upon the
affairs of the bank.
Sec. 21 (a) of the Banking Act of 1933 provided, in part, that after June 16,1934, it would be unlawful for
any private bank not under State supervision to continue the transaction of business unless it submitted to
periodic examination by the Comptroller of the Currency or the Federal Reserve bank of the district, and
made and published periodic reports of condition the same as required of national banks under section 5211,
U. S. R. S. Sec. 21 (a) of the Banking Act of 1933, however, was amended by section 303 of the Banking Act
of 1935, approved Aug. 23,1935, under the provisions of which private banks are no longer required to submit
to examination by the Comptroller or Federal Reserve bank, nor are they required to make to the Comptroller and publish periodic reports of condition. (Five calls for reports of condition of private banks were made
by the Comptroller, the first one for June 30,1934, and the last one for June 29,1935.)




TABLE No. 11
ASSETS AND LIABILITIES OF NATIONAL BANKS ON
JUNE 30, OCTOBER 6, AND DECEMBER 31, 1947
BY STATES AND TERRITORIES




33

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

35

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947
ALABAMA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

66 banks

67 banks

67 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations,
Obligations guaranteed by U. R. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Keserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets

_

_

_

219, 909
395,481
69,380
16,247
1,235
141,217
17,530
106,211
6,821
158

236,120
394,663
2
70,816
16,427
1,240
144.545
21,116
116.546
6,858
153

703
415
1,423
881

699
774
1,342
1,002

778
966
1, 556
841

918,464

_

203,657
394,025
2
67,066
16,483
1,243
121, 782
16, 601
87,268
6,754
161

978,006

1,012,627

514,572
194,816
10
8,015

537,085
195,664
10
23,415
85, 514
70,203
5,562
917,453
720, 225
197,228

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits.__
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
._
Demand deposits
Time deposits
:
Bills payable, rediscounts, and other liabilities for borrowed money.
Mortgages or other liens on bank premises and 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..
Total liabilities

79, 250

58,193
4,608
859, hU
663,082
196,382

562,236
196,124
10
7,791
100,817
76, 248
8,087
951, SIS
753, 461
197,852

225

225

774
1,074
2,571
227

966
1,260
2,357
519

864,045

922,324

956,640

222
17,867
18,089
22,543
9,957
3,830

_

225
467
938
2,598
353

198
18,117
18,815
22,648
10,832
3,887

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
_
Common stock
Total capital stock...
Surplus...
Undivided profits
Reserves and retirement account for preferred stock

_

Total capital accounts

160
18,134
18,294.
23,272
10,198
4,223

54,419

55,682

55,987

_

918,464

978,006

1,012,627

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

109,137

118,747

123,367

Total liabilities and capital accounts
MEMORANDUM




36

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
ALASKA

[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

4 banks

4 banks

4 banks

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government _
Obligations of States and political subdivisions
_
_ _.
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with approved national banking associations
Currency with coin banks, and cash items in process of collection...
Balances and other
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
_.
Other assets.
Total assets

_

5,935
12,113 \
150
202

5,775
f
12,832 1
148
196

5,790
13,342

is

7,170
1,802
1,050
111
9
129

9,854
2,408
977
113
9
51

173
7,417
2,361
979
118
11
15

28,671

32,363

30,374

16,724
7,179
5
2,107
526
28
432
27,001
19,817
7,184

19,707
7,531
5
2,227
763
81
290"
80,604
28,068
7,586-

17, 746
7,113
5
2,089
1,173
74
406
28,606
21,460
7,146

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits .
Deposits of U. S. Government
_
Deposits of States and political subdivisions
Deposits of banks
...
_ . .
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed moneyOther liabilities
Total liabilities

4

1

14

27,005

30, 605

28,620

400
775
303
188

400
775
407
176

400
775
366
213

CAPITAL ACCOUNTS

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

1,666

1,758

1,754

28, 671

32,363

30, 374

6,376

6,257

6,246

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

37

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
ARIZONA

[In thousands of dollars]
June 30,
1947

Bee. 31,
1947

3 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations ol States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank.
__.
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
___
Income earned or accrued but not collected
:
Other assets

Oct. 6,
1947
3 banks

3 banks

126, 843
99,828

6,087
4,116
259
37,327
4,821
17,737
1,356
1

113,136
105, 636
6,452
6,746
259
35,116
4,721
19,053
1,529
42

189
1,157
947

189
976
1,136

199
1,176
457

296,327

Total assets..

99,088
123,242

294, 991

311,095

186,996
57, 764
5
1,636
30, 594
2,615
3,902
283,512
225,490
58,022

184,826
57,715
5
3,137
28,385
3,414'
3,847
281,329
223,359
67,970

197,599
59,859
5
1,762
30,896
3,100
4,487
297,708
237,384

1,231
693
191

1,480
984
90

7,322

31,515
6,568
29,148
2,170
3

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
__
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed moneyIncome collected but not earned
Expenses accrued and unpaid..
-__
Other liabilities
—

285,627

Total liabilities.

732
55
300,121

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

_.

700
3,600
4,300
4,350
1,426
624

700
3,600
4,300
4,350
1,814
644

700
3,600
4,300
4,850
1,130

10, 700

11,108

10,974

296,327

294,991

311,095

46,494

43, 759

44, 505

MEMORANDUM

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




38

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by Statesf at date of each call during year
ended Dec. 81, 1947—Continued
ARKANSAS
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

50 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations. _
._
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
..^
Income earned or accrued but not collected
__..
Other assets...

Oct. 6,
1947
50 banks

50 banks

83,886
169,283
27,924
10,643
580
52,340
6,055
60,857
1,969
39

81,512
179,362
1
29,766
9,110
583
50,604
7,275
70,496
1,929
30

240
99

30
185
118

34
269
119

398,937

Total assets..

75,900
174,068
1
27,075
11,622
583
48,871
5,284
53,168
1,960
36

413,909

431,090

243,175
57,750
19
2,595

253,749
56,609
19
5,177
30,916
40, 511

271,239
56,987
19

LIABILITIES

Demand deposits of individuals, partnerships, and corporations....
Time deposits of individuals, partnerships, and corporations
_
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
.
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
._
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed moneyIncome collected but not earned
Expenses accrued and unpaid
Other liabilities.-

34,894
2,084
374,90S
816, 894
58,009

2,296

389,277
882,407
56, 870

3,209
27,870

43,104
4,033
406,461

849, 231
67, £30

404
482
2

436
280
201

375,897

Total liabilities.

355
462
177

390,165

407,378

49
150
7,631
7,830
9,643
4,774
793

49
150
7,631
7,830
9,660
5,452
802

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
_.
Surplus
Undivided profits
Reserves and retirement account for preferred stock

__.

Total capital accounts
Total liabilities and capital accounts

—
—

49

150
7,731
7,930
9,893

4,978
911

23,040

23,744

23,712

398,937

413,909

431,090

18,572

17,958

17,668

MEMORANDUM

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




39

BEPOBT OF T H E COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
CALIFORNIA
[In thousands of dollars]
June 30,

Oct. 6r

Dec. 31,

1947

1947

1947

94 banks

94 banks

94 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations.
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures...
_
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises.
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets

3,021,185
4, 228,679
842
430,013
96,428
12,067
1,174,417
75,437
572,424
56,655
185

3,275,306
4,193, 586
425,419
97,305
12,127
1, 250,046
73,100
580,145
58,816
163

3, 519,801
4,079,873
842
393,927
101,496
12.118

1,256, 743
88,104
745,513
59, 570
189

23,975
7,393
25,389
11,565

24, 029
8,084
26.119
5,428

9, 728,490

10,034,335

10,321,836

4,409,642
3, 715, 998
357
62, 964
531,414
250,002
185,422
9,155,799
5,320, 733
3,835,066

4,678,439
3,729,826
356
158,361
405, 557
271,428
177,878
9,421,845
5, 570,531
3.851,314
6,030

3,589
14,802
27,118
40, 668

9,157
15,852
40, 746
35, 572

11,269
17,218
33,951
47,559

9,241,976

Total assets

23, 987
2,495
24, 567
9,109

9, 529,202

9,824,870

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits,_
_
_.
_._
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)..
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money..
Acceptances executed by or for account of reporting banks and outstanding
__
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities .

4, 790, 703
3, 744, 638
360
77, 933
623, 020
273,638
204,406
9, 714,698
5,812, 962
3,901,736
175

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
.
Reserves and retirement account for preferred stock
Total capital accounts

_.

1,239
185, 992
187f2Sl
192,734
104, 706
20,462

486, 514

_

Total liabilities and capital accounts..

1,139
186, 077
187,216
193,418
96, 548
19, 784

1,255
185, 977
187,232
191, 029
89,270
18, 983

505,133

496, 966

9, 728,490 10, 034,335

10,321,836

MEMORANDUM

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




903,114

868,501

973,353

40

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
COLORADO
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

77 banks

77 banks

77 banks

ASSETS

Loans and discounts (including overdrafts)
.
U. S. Government securities, direct obligations
_
Obligations guaranteed by U. S. Government..
Obligations of States and political subdivisions
Other bonds, notes, and debentures.
Corporate stocks, including stock of Federal Eeserve bank
Reserve with Federal Reserve bank...
_
_.
Currency and coin..
___
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Other deposits (certified and cashiers' checks, etc.)-Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities..

152,141
439,801
19,286
18,232
890
125,855
10,021
133,881
2,357
1,314
384

168,913
438, 708

815, 612

Total assets..

142,802
407,959

904,162

920,645

492,577
169,494
5
8,512
26, 961
65,948
6,605
770,102
697, 885
172,267

545,398
171,975
5
12,877
29,898
91,286
6,231
857, 670
682,992
174,678

574,846
170,881
5
6,916
31,879
81,985
6,811
878,828
699, 819
173,604

16,302
17,586
861
105,481
9,795
110,837
2,294
1,307

21,842
18,909
897
128,424
10,350
128,388
2,396
1,373
445

276
1,593
48

307
1,772
131

772,268

Total liabilities..

232
1,852
82

859, 587

875, 533

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
_
Undivided profits
Reserves and retirement account for preferred stock

_

Total capital accounts
Total liabilities and capital accounts

126
12,208
12,834
16, 777
10,672
3,561

126
12,483
12, 609
17,023
11,460
3,483

76
12, 658
12, 784
17,298
11,419
3,661

43,344

44, 575

15,112

815, 612

904,162

920, 645

64,372

62,934

62,788

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

41

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
CONNECTICUT
fin thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dee. 31,
1947

50 banks

51 banks

51 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
_.
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures:
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
_
Income earned or accrued but not collected
_
Other assets
_

147,858
359,381
12
28,287
19,852
1,404
65, 905
15, 782
95, 854
8,046
189
20
856
323

150, 244
359,465
32,112
20, 251
1,400
77,050
17, 285
89,883
8,050
155
59
891
350

159, 918
351,398
12
32,107
20,087
1,397
76,438
19,262
109,018
8,070
154
26
903
584

._.

743, 769

757,195

779,374

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations. _.
Postal savings deposits
Deposits of U. S. Government
_.
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities

441,413
176,537
15
5,440
26,042
18,493
14, 705
682,645
604,680
177,965
1,300

434, 215
179,076
15
15,821
30, 560
21,159
14,939
695,785
515,5S5
180,250
1,000

467,726
178,047
15
7,917
26,709
21,039
16, 509
717, 962
588,782
179,280
500

20
784
2,481
566

2,444
246

687, 796

700,403

722,570

535

535
20,448

O, 983

SO, 983

535
20,448
20,988
22,752
9,321
3,748

Total assets

LIABILITIES

Total liabilities

26
922
2,444

716

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
__-...
Common stock
Total capital stock'.
"....I
.
Surplus
Undivided profits
Reserves and retirement account for preferred stock

T_.
_-.

Total capital accounts
Total liabilities and capital accounts

22,486

22, 546
9,631

3,665
55,973

56, 792

56, 804

743,769

757,195

779,374

52,895

52,727

51,117

MEMORANDUM

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




42

REPORT OF T H E COMPTROLLER OF T H E

CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
DELAWARE!
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

13 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions..
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
'.
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Investments and other assets indirectly representing bank premises
or other real estate..
Income earned or accrued but not collected
Other assets

Oct. 6,
1947
13 banks

13 banks

10,514
20,365

11,490
20,481

7
1
27

7
2
21

42,810

Total assets..

10,746
20,856
897
2,068
149
4,480
938
4,090
468

44, 727

44,350

22,911
13,156
348
302
315
322
37,354
24, 179
IS, 175

24, 526
13,164
437
352

24,212
13,092
363
257
450
494

720
2,155
145
4,202
948
3,251

864
2,166
149
4,762
976
2,967
465

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks...
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Expenses accrued and unpaid
Other liabilities....
Total liabilities.

369

384
39,232
26,047
13,185

37

38, 868

25, 754
IS, 114
48

37,391
CAPITAL

39,233

38, 919

25
1,644
1,669
3,041
586
123

25
1,644
1,669
3,041
663
121

25
1,644
1,669
3,076
566
120

ACCOUNTS

Capital stock:
Preferred stock
_
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

5,419

5,494

5,431

42,810

44, 727

44,350

1,824

1,816

1,639

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF THE CURRENCY

43

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1947—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

9l)anks

9 banks

9 banks

ASSETS

Loans and discounts (including overdrafts)
_.U. S. Governments securities, direct obligations
Obligations guaranteed by U..S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
--

122,990
313,265
1,421
26,120
791
109,861
12,915
53,644
6,258
44
678
1,934

131,989
300,345
21
1,446
25,103
790
104,370
13, 595
52,379
6,430
119
426
711

647,036

649,921

637,724

440,090
109,328
25
4,688
56
41,249
14,278
609,714
500, 861
109,863
500
200
1,413
1,962

432,238
25
11,909
37
40, 542
20,711
614,148
604,937
109,211

433,250
106,909
25
7,992
139
41,754
11,170
601,239
498,805
107,434

218
.,288
715

254
1,299
1,011

613, 789

Total assets..

114,978
333,172
21
1,130
26,483
789
100, 504
12,369
49,989
6,235
30
549
787

616,369

603,803

11,300
14,575
6,109
1,263

11,300
14,575
6,262
1,415

11,300
14,700
6,493
1,428

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
_
Deposits of U. S. Government
Deposits of States and political subdivisions
_
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits..
___
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities.—
Total liabilities
CAPITAL ACCOUNTS

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

33,247

33,552

33,921

647,036

649,921

637,724

36,441

31,332

25,313

MEMORANDUM

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




44

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
FLORIDA
[In thousands of dollars]
June 30,
1947

Oct. 6,1947 Dec. 31,
1947

61 banks

61 banks

61 banks

209,841
638,383

224,183
604,256

239,617
605,084

54,978
17,595
2,028
155,444
20, 587
154,647
11,477
322

56,957
20, 062
2,059
145,529
21, 646
142,562
12,107
278

57,575
19, 527
1,785
144,205
27,153
186,371
12,307
269

96
2,394
1,177

94
2,190
1,086

92
2,389
703

1,268,969

1, 233,009

1,297,077

736,967
201,969
61
10,085
123, 283
111, 437
10,589
1,194, $91
973,383
221, 008

742,951
200,073
61
9,289
136, 569
119,976
12,145
1,221,064
1,002,092
218,972

967
3,137
508

725, 666
199,004
61
17,097
99, 929
102,359
8,840
1,152,956
935,049
217,907
3,250
1,107
3,612
241

1,199,003

1,161,166

1,225,369

27,100
30, 221
9,047

27,100
30,356
10,399

27,100
31, 955
8,231
4,422

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank...
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Income earned or accrued but not collected
Other assets.
Total assets..
LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions.
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
_.
Total deposits
Demand deposits...
Time deposits.,
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
_
_
Other liabilities
...
Total liabilities.

1,194
2,414
697

CAPITAL ACCOUNTS

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

69,966

71,843

71, 708

1,268,969

1,233,009

1,297,077

252,982

248,340

265,030

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

45

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
GEORGIA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

50 banks

50 banks

50 banks

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations . . . .
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets

280,308
406,413

309,101
375,829

29,086
17,570
1,261
132,460
13,378
130,152
7,367
260

33, 276
17,332
1,265
142,787
14,147
124, 543
7,413
251

29,344
15,888
1,266
144, 513
16, 531
144,066
7,427
259

21
40
1,461
408

26
1,628
605

47
1,492
371

995,885

1,029,994

1,046,134

546, 513
170,341
31
10,011
92, 453
117,399
3,124
989,872
768,195
171,677

569,792
169, 536
31
21,173
66, 535
141,396
3,740
972,203
801,296
170,907
400

167, 577
31
10,654
76,497
152,539
11,204
988,898
819,851
169,047

40
1,541
2,392
907

26
1,782
3,034
132

47
1,984
2,379
1, 111

944,752

Total assets..

259,477
402,944

977,577

993,919

50
18,147
18,197
19,627
7,479
5,830

50
18,147
18,197
19, 647
8,878
5,695

50
18,147
18,197
19,840
7,201
6,977

LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.
Capital stock:
Preferred stock
Common stock

CAPITAL ACCOUNTS

Total capital stock

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

51,133

52,417

52,215

995,885

1,029,994

1,046,134

121,726

120,102

111,957

MEMORANDUM

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

785882—48



46

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
THE TERRITORY OF HAW AH
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

lbank

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Reserve with approved national banking associations
Currency and coin
•
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
._.
...

Oct. 6,
1947
lbank

lbank

231,104

Total liabilities.

231,066

63,023
119,936
10
23,072
10, 327
1,798
1,919
220, 085
100,046
120,039

64,969
119, 563
10
20,134
10,436
1,437
2,055
218,604
98,937
119,667

65,702
118, 543
10
19,195
12, 531
1,390
2,815
220,186
101,589
118,647

35
19
362
166

25
21
387
90

21
29
267
15

219,127

220, 518

4,000
3,300
553
2,584

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
..
Deposits of banks
Other deposits (certified and cashier's checks, etc.)
Total deposits
Demand deposits.Time deposits
.-.
Bills payable, rediscounts, and other liabilities for borrowed money..
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
._.

230,032

220,667

Total assets-

45,903
135,766

3,090
2,739
13,000
19,979
10,140
2,141
35
584
63

40,722
141,268
3,049
2,768
15, 270
14, 720
8,675
2,167
25
690
678

4,000
3,500
820
2,585

4,000
3,500
464
2,584

39,212
140,121

3,277
2,653
16,261
16, 606
7,652
2,149
21
602
176

CAPITAL ACCOUNTS

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

10,437

-

10,905

10, 548

231,104

230,032

231,066

95,040

95,544

99,048

MEMOEANDUM

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




REPORT OF T H E COMPTROLLER OF THE CURRENCY

47

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
IDAHO
[In thousands of dollars]
June 30,

Oct. 6,
1947

Dec. 31,
1947

15 banks

15 banks

15 banks

61,053
189, 111
337
4,860
488
288
35, 967
4,687
22, 759
1, 642
3
552

69, 590
194,199
4,943
958
298
40,081
4,289
32,318
1,790
20
872

72,398
200, 306
337
5,220
1,009
298
38, 383
5,371
33,160
2,087
11
170

321, 747

349, 358

358, 750

193, 876
74, 290
11
2,889
30, 562
3,575
2,501
307, 704
232,611
75,093

221, 557
75,336
4,798
26, 377
4,535
2,535
335,149
259,010
76,139

221, 317
74, 702
11
4,117
36, 278
4,640
2,917
343,982
268,627
75,455

129
690
273

148
534
139

159
657
176

308, 796

335,970

344, 974

5
4,680
4,685
5,244
1,791
1,231

5
4,680
4,686
5,244
2,239
1,220

5
4,680

13, 776

1947

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
.
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
Total assets..
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
..
Other liabilities
Total liabilities.
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

_

_..

12, 951

13,388

321, 747

349, 358

47,882

50,895

MEMORANDUM

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




5,301
2,536
1,254

48

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
ILLINOIS
[In thousands of dollars]
June 30,
1947

377 banks

378 banks

1,819,615
4,246,766
8
246,742
181,613
11,657
1,175,075
78,517
749, 551
28,164
684

1,
4,350,226
273,351
190,077
11,704
1,225,123
76,910
717,183
28, 344
674

2,095,105
4,304,910
7
278,274
195, 236
12,205
1,287,941
84,158
898, 605
28,466
660

1,170
2,242
• 16,481
3,911

1,156
3,182
17,144
5,793

1,102
4,570
16, 690
4,252

8, 562,196

Total assets..

Dec. 31,
1947

375 banks

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
„
Income earned or accrued but not collected
Other assets

Oct. 6,
1947

8,887,216

9,212,181

4,494,126
1,700,137
103
203,997
521,839
1,025,676
72, 292
8,018,170
6,201,036
1, 817,184
130

4, 680,773
1,721,012
103
209,044
553,088
1,091,116
70,666
8,325,802
6, 48S, 598
1,842,204
4,650

5,035,050
1,765,409
99
100,792
494,833
1,170,118
80,815
8,647,116
6, 751,288
1,895,828
100

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
_..
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

_

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities

2,607
5,485
6,383

5,118
6,658
22, 762
6,500

8,055,464

Total liabilities.

3,503
6,315
26, 340
4,843
8,371,453

8,688, 254

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock

___
_

Surplus
•_...
Undivided profits
Reserves and retirement account for preferred stock..
Total capital accounts
Total liabilities and capital accounts..

218
20
186,876

187, m
195, 732
75,166
48, 720

196
15
187, 358
187,569
196, 211
82, 679
49, 304

104
15
187,830
187,949
213,774
69,865
52,339

. 506, 732

515,763

523,927

8, 562,196

8,887,216

9,212,181

756,821

847,375

756,291

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OP THE CURRENCY

49

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
INDIANA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

126 banks

125 banks

125 banks

. ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures.
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with o ther banks, and cash items in process of collection...
Bank premises o wned, 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

264,864
799,851
26
56,908
35,879
1,804
177,697
26,464
177,431

281,658
822,655
58,661
36,459
1,821
187,476
28,988
167, 389
9,036
5

300,191
843,910
22
59,642
37,741
1,931
200,971
33,710
204,125
9,083
22

52
954

52
71
2,171
1.322

52
87
2,242
1,270

1,552,849

1, 597,764

1,694,999

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government..
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

824, 584
783,819
386,044
391,176
288
288
13,985
30,330
169, 352
140,788
95,082
105,838
15,494
13, 583
1,464,064 1,506,587
1,073,696 1,111,222
895,365
390,868

902,080
396.697
290
18,643
152.698
114,346
18,640
1,603,394
1,202,528
400,866

952
2,528
547

71
1,107
2,629
251

87
1,235
2,743
814

1,468,160

1,510, 645

1,608,273

374
75
26,630
27,079
32,881
19,253
5,476

174
75
26,905
27,154
21, 340
5,527

130
75
27,055
27,260
37,209
16,956
5,301

87,119

86,726

1,552,849

1, 597,764

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM

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




60,346

66,906

66,731

50

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
IOWA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

96 banks

96 banks

96 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
.
Reserve with Federal Reserve bank
Currency and coin
...
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate..
Income earned or accrued but not collected
Other assets

144,065
395,212
58,995
18, 541
903
109,092
9,665
102,137
3,463
27

154,476
364, 200
466
59,911
18, 677
908
105,813
11,754
102, 716
3,315
21

966
812
172

966
1,030

942
792

813,086

844,484

824,294

391, 639
147,100
52
16, 534
84,284
128,852

407,899

423, 540

772, US
622, 882
149, 561
423
719
92

802, 537
652,004
150,58S
35
445
781
23

773,677

Total assets

135,985
388,136
722
54,825
15, 421
893
100,852
10,369
100, 564
3,327
42

803,821

783,815

30
12, 669
12, 699
16,968
6,614
3,128

30
12, 669

30
12, 669
12, 699
17, 550
7,055
3,175

39,409

40,663

40,479

813,086

844,484

824,294

41,905

57,477

40,185

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money..
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

148,089
52
35, 707
73, 698
132, 699
4,393

52
20,016
61,177
121,017
8,277
782, U2
631, 628
150,814
454
743
176

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
1
Total capital stock
Surplus
Undivided profits....
Reserves and retirement account for preferred stock..
Total capital accounts
Total liabilities and capital accounts..

17,078
7,623

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

51

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
KANSAS
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

174 banks

Loans and discounts (including overdrafts)
-__
U. S. Government securities, direct obligations
*
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
1
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
_'

Oct. 6,
1947
174 banks

174 banks

148,783
405,585
82
27,391
965
114,231
9,009
108,131
3,709
54

153, 511
432,352
32,756
31,070
977
125,062
8,508
137,098
3,723
52

169, 671
416,170
79
37,079
30,782
989
124,322
9,305
132, 685

131
639
756

114
179
616
634

848, 271

Total assets..

131
625

926,635

926,313

538,453
74,729
37
8,847
98,105
75,122
8,465
803,758
727,039
76,719

592,304
76, 863
37
20,932

586,145
76,266
38
10,706
117,731
80,392
8,830
880,108
801,331
78,777

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Mortgages or other liens on bank premises and 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
Total liabilities.

348
1,068
, 246
805,426

94, 266
7,749
79,635

409
1,230
60

179
436
216

882,195

881,973

30
15,720
15,750
16,923
10,231
1,536

15,855
15,885
17, 545
9,196
1,714

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock.
Surplus,.
Surplus
Undivided profits
Undivided ]
Reserves and retirement account for preferred stock

30
15,695
15,725
16,665
8,915
1,540

_-

42,845

44, 440

44,340

848,271

926, 635

926,313

115,528

Total capital accounts

127,302

130,608

Total liabilities and capital accounts.
MEMORANDUM

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




52

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
KENTUCKY
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

93 banks

93 banks

93 banks

595
235

5
690
427

16
682
234

630,317

691,103

387,344
111,287
16
7,843
24,530
32,717
18,131
581,868
468,601
118,867

406.457
111,005
16
9,284
23,565
31,073

452,927
109,343
16
5,285
26,362
49,550
6,466
649,949
588,800
111,149

422
824
383

511
943
204

45
534
796
502

583,695

Total assets..

11,153
60, 711
3,520
26

149,722
300,436
4
20,366
17,409
963
83,644
14,536
99,594
3,473
24

621,946

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
__
_
Income earned or accrued but not collected
Other assets
_

590,845

651,826

480
13,530
14,010
17,939
6,185
1,338

420
13,590
14,010
18,526
5,426
1,315

128,491
307,399
4
18,717
20,172
942
75,265
9,937
56,757
3,406
26

139,265
296,926
19,861
18,798
960
77,975

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.Postal saving deposits
_
__
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
_..
Total deposits
_
_
_.
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money..
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
___
Expenses accrued and unpaid
Other liabilities
_
Total liabilities-.

6, 295

587,695
474,989
m,756
1,492

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
_
_.
Common stock
_
Total capital stock
Surplus
Undivided profits
•_
_
Reserves and retirement account for preferred stock..
Total capital accounts

_

Total liabilities and capital accounts..

480
13,230
18,710
17,859
5,325
1,357

38,251

39,472

39,277

621,946

630,317

691,103

46,433

45,902

42,383

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




REPORT OF T H E COMPTROLLER OP T H E CURRENCY

53

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
LOUISIANA
[In thousands of dollarsl
June 30,
1947

Dec. 31,
1947

33 banks

Loans and discounts (including overdrafts)
TJ. S. Government securities, direct obligations.
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estgfte 7
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
_..

Oct. 6,
1947
34 banks

34 banks

211,122
526,480
61,980
13,808
1,786
164,152
13,919
142,469
8,641

953
1,658
2,478
1,325

953
3,390
2,157
1,507

1,110,093

Total assets..

196,651
528,636
145
60,384
13,198
1,775
157,626
12,912
123,676
8,450
226

1,152,630

237,546
525,779
"~~62,~863
13,284
1,792
175,142
16,513
151,668
8,611
254
619*
3,371
2,522
1,785
1,201,689

LIABILITIES

Demand deposits of individuals, partnerships, and corporations.-.
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
.._
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits.
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
Capital stock:
Preferred stock..
Common stock

582,617
569,473
190,500
191, 718
59
59
4,990
11,371
133, 537
133,439
144, 521
164,424
10,165
8,137
1,053,246 1,091,765
867, 857
894,826
195,388
196,939
200
300

623,626
192,244
59
5,832
130,476
176,456
12,402
1,141,095
943,862
197,233

1,803
426
2,937
847

4,404
464
2,629
552

4,223
500
2,850
1,047

1,059,458

1,100,114

1,149,715

58
16,662

58
16,712
16,770
24,835
9,893
1,018

16,812
16,870
25, 458
8,209
1,437

CAPITAL ACCOUNTS

Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

16,720

24, 725
8,024
1,166
50,635

52,516

51,974

1,110,093

1,152,630

1,201, 689

180,836

191,185

179,653

MEMORANDUM

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




54

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
MAINE
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

33 banks

33 banks

33 banks

ASSETS

Loans and discounts (including overdrafts)
-_
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
__-.
Corporate stocks, including stock of Federal Reserve bank...
Reserve with Federal Reserve bank...
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate...
Income earned or accrued but not collected
Other assets
—
Total assets

51,409
128,387
11
4,437
9,168
558
24,213
5,445
20,419
1,015
52

57,977
123,562
4,303
9,644
560
22,605
5,555
22,979
1,030
53

62,843
114,843
11
3,862
8,744
562
24,505
6,139
22,075
1,047
26

227
229

* 288
201
. 276

227
283

245,852

249,033

245,447

113,738
92,313
7
2,180
7,420
6,097
1,247
228,002
129,904
98,098
425
221
378
220

112,406
92,197
4,212
9,612
7,035
794
226,268
188,288
92,975

112,472
91,230
7
2,299
7,125
7,208
2,229
222,570
180,487
92,083

256
341
18

289
369
250

224,246

226, 878

223,478

7,740
8,554
4,056
1,256

7,740
8,555
4,618
1,242

7,740

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions.
Deposits of banks
....
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities..
CAPITAL ACCOUNTS

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

_

4,235
1,332

21,606

22,155

21,969

245,852

249,033

245,447

18,268

17,744

14,844

MEMORANDUM

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




REPORT OP T H E COMPTROLLER OF THE CURRENCY

55

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947— Continued
MARYLAND
[In thousands of dollars]
J u n e 30,
1947

Oct. 6,
1947

63 banks

Dec. 31,
1947

62 banks

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
.

106,539
415, 502
33
6,597
15, 650
1,076
84, 920
11,143
71, 224
4,461
37

119,801

5
174
958
610

4
348
1,272
604

4
258
995
513

718, 929

Total assets

8,606
17, 741
1,067
96, 546
11,478
74, 235
4,520
37

125,243
408,364
8
8,146
15,603
1,080
100,156
13, 914
91,136
4,532
35

746,377

769,987

381, 521
171,145
8
5,783
41,893
65,301
2,719
668,370
491, 614
176, 856
100

388,468
171,064
8
10, 858
44,829
72, 572
2,824
690, 623
513, 761
176,86%
5,000

411, 920
170, 600
8
6,453
43,146

174
115
709
467

348
179
595
126

258
209
597
729

669, 935

696, 871

720, 814

14,195
21,380
8,531
4,888

14,145
21, 285
9,189
4,887

14,145
22,100
8,371
4,557

410,118

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings depowsits
Deposits of U. S. GovernmentDeposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits.-

Bills payable, rediscounts, and other liabilities for borrowed money...
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities...
Total liabilities

3, 258
719,021
542, 526
176,495

CAPITAL ACCOUNTS

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

48, 994

49, 506

49,173

718, 929

746,377

769, 987

88,045

85,435

88,453

MEMORANDUM

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




56

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
MASSACHUSETTS
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

121 banks 121 banks 121 banks
ASSETS

Loans and discounts (including overdrafts)
___
U. S. Government securities, direct obligations
______
__.
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
_
_
Total assets
_
_._

758,963
1,452,876
198
51,186
46,998
7,405
409,023
44, 543
241,102
24, 597
67

808,113
57,986
48,642
7,409
445,118
48,973
227,951
24,592
75

901,280
1,348,856
198
34,690
49,824
6,254
436,049
54,803
276,782
24,041
57

221
9,757
6,173
2,803

196
12,085
7,778
3,961

239
16,995
6,218
7,570

3,055,912

3,140,110

3,163,856

1,447,231

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
__.
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
•
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
_
Total liabilities
_
___.
Capital stock:
Preferred stock
Common stock. _

1,816,183
1,822,753
507,644
507,736
76
76
22,839
58,195
116, 586
142,370
277,628
291,811
30,232
31,283
2,771,188 2,854,224
2,258,946 2,341,961
512,242
612,268
1,348
1,920

1,859,776
504,785
77
28,258
129,486
304,086
43, 453
2,869,921
2,360,541
609,380
2,865

10,882
3,204
10,746
12,233

13,069
3,465
10,818
7,618

18,295
3,962
9,090
10,981

2,809,601

2,891,114

2,915,114

CAPITAL ACCOUNTS

_

Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock_
Total capital accounts
Total liabilities and capital accounts

_

304
73,773
74,077
115,539
37,788
18,907

_
_
_

304
73,773
74,077
115,608
39,857
19,454

229
74,093
74,322
116,002
39,675
18,743

246,311

248,996

248,742

3,055,912

3,140,110

3,163,856

120,532

147,762

112,685

MEMORANDUM

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




REPOBT OF T H E COMPTROLLER OF THE

CURRENCY

57

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
MICHIGAN
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

78 banks

78 banks

78 banks

529,810
1,260,255
19
73,845
51, 699
3,601
293, 033
38,757
222, 731
10,963
43

553,288
1, 283, 208
78,143
52, 791
3,608
305,108
40, 702
191, 729
10,346
41

574,147
1, 263,646
19
78, 410
58,452
3,582
356,529
45,368
244,483
10,624
49

792
30
4,788
1,725

865
87
5,647
1,985

903
18
4,947
1,998

2,492,091

2,527,548

2,643,175

1,248,509

1,221,600
824,595
35
46,151
122,896
143,370
21, 849

1,352,792
820,421
35
47,910
109, 237
143, 765
21,608
2,495,768
1,667,084

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collectionBank 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
LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
__.
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
_.
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
-Other liabilities
_;
Total liabilities

_

35
22, 769
117,971
128, 267
22,405
2,8^8,125
1,531,778
816,347

2,380,496
1,547,267
888,229

47
4,076
6,659
1,554

87
4,805
8,578
214

18
5,173
6,569
1,549

2,360,461

2,394,180

2,509,077

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock. _
_
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profit
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

1,760
10
39,650
41,420
63,390
15,352
11,468

1,320
10
39,450
40,780
64,746
16,632
11,210

1,320
10
39,475
40,805
65,148
16,255
11,890

131,630

133,368

134,098

2,492,091

2,527,548

2,643,175

116,959

146,880

128,023

MEMORANDUM

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




58

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
MINNESOTA
[In thousands of dollars]
June 30,
1947

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
_.
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding
_
Income collected but not earned..
._
Expenses accrued and unpaid
Other liabilities

180 banks

180 banks

433,190
946,583

501,643
937,905

48,027
48,076
2,684
234,195
16,839
231,201
6,193
555

497,381
975,420
49,254
53,729
2,704
271,977
17,094
273, 836
6,324
608

3,775
215
4,339
592

3,836
349
4,268
757

3,896
215
4,306
703

1,976, 464

Total assets-

Dec. 31,
1947

180 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
_
Obligations guaranteed by U. S. Government—
._
Obligations of States and political subdivisions
Other bonds, notes, and debentures.
Corporate stocks, including stock of Federal Keserve bank
Eeserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of collectionBank premises owned, furniture andfixtures'...
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
-

Oct. 6,
1947

2,157,537

2,175,135

884,820
490,220
120
16, 111
153,158
281,177
18,909
1,844,515
1,851,167
493,348

942,669
497,554
119
40,059
127,432
391,136
25,820
2,024,789
1,524, %93
500,496

1,029, 247
504,032
121
21,011
132,878
332,849
21, 772
%, 041,910
1,533,103
508,807

51,709
55,439
2,712
272,174
19,904
317,693
6,257
579

349
3,830
6,201
324

215
4,044
5,993
502

1,856,354

Total liabilities.

215
4,467
5,898
1,259

2,035,493

2,052,664

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock.
Total capital stock
plus..
Surplt
Undivided profits
Undiv
Reserves and retirement account for preferred stock.
Total capital accounts
Total liabilities and capital accounts

1,201
25
35, 975
37,201
52,395
17,896
12,618

1,186
25
36,010
37,221
53,021
19,139
12, 663

120,110

122,044

1,976,464

2,157,537

300,665

292,746

1,186
25
36,160
37,871
53,631
17,983
13,486
122,471
2,175,135 .

MEMORANDUM

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




291,958

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

59

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
MISSISSIPPI
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

24 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures...
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets.

Oct. 6,
1947
25 banks

25 banks

36,239
100,108

41,269
99,176
24,372
1,776
316
24,987
5,093
34,612
1,471
1
27
199

221,101

Total assets..

21,628
2,132
310
24,095
3, 545
31,403
1,495
1
17
128

40,253
96,812
23,009
2,108
315
25,404
3,977
31, 578
1,544
5
19
193
225, 217

233,299

105,302
45, 510
3,873
34,399
19, 768
634
209, 486
163,176
46,810

111, 016
45,775
5,966
29, 565
19, 799
860
SIS, 981
166, 491
46,490

117, 711
46,629
3,532
30, 583
22, 210
820
SSI, 4$5
174, W
47,344

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)-Total deposits
Demand deposits
Time deposits
:
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
__
Other liabilities
._
Total liabilities

50
361
9

247
117

209,869

._..

37
275
71

213,401

221, 917

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
_
Class B preferred stock
Common stock
Total capital stock
Surplus...
_
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts._.

__

_.

50
4,135

4,4H
_

Total liabilities and capital accounts..

214

214

4,260
4,474
5,748
1,234
360

4,260
4,474
260
450

5,708
740
360
11,232

11,816

11,382

221,101

225,217

233,299

41,809

42,680

44,446

MEMORANDUM

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




60

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
MISSOURI
[In thouands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

80 banks

79 banks

79 banks

ASSETS

Loans and discounts (including overdrafts)
_
U . S . Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collectionBank 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

399,463
665, 720
657
40,568
32,085
2,476
209, 547
13,833

644
2,028
517

342
686
2,030
643

341
556
2,179
632

1,583,468

Total assets..

4,687
2,066

448,713
672,112
42,644
35,881
2,478
237,510
14, 511
230,017
4,935
2,442

1,694,944

1, 779,889

854,929
217,060
64
11,949
48,311
350, 703

890,023

972,214
218,197
123
15, 607
66,823
401, 865
12,104
1,686,933
1,463,133
223,800

{

470,072
650,758
58
41,676
35,686
2,499
267, 793
15,855
284,054
6,767
963

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
_
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
__

9,249

1,492,265
1,269,129
223,136

220,059

62
27,520
44,952
408,343
9,079
1,600,038
1,373,991
226,04.7
2,000
834
3,074
426

564
1,001
2,368
810

1,497, 472

Total liabilities.

802
2,742
1,001

1, 607,058

1, 691,676

31,007
32,134
19,733
3,122

30,978
32,303
21,544
3,061

30,978
33,428
20,602
3,205

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves

_

Total capital accounts

_

_
_
_

Total liabilities and capital accounts

85,996

87,886

88,213

1,583,468

1, 694,944

1,779,889
=====

125,158

131,979

136,728

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

61

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
MONTANA
[In thousands of dollars]
June 30,
1947

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
.._
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
.
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Mortgages or other liens on bank premises and 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—
-

39 banks

39 banks

33,582
154,366

34,812

35,380
174,545

3,928
4,076
271
3,651
27,206
1,565
19
557
40

4,810
4, 594
276
39,989
3,701
41,254
1,647
19
568
50

4,876
4,787
276
36, 597

261,340

Total assets..

Dec. 31,
1947

39 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets

Oct. 6,
1947

292,618

166.173
48,629

191,356
48,952
5
4,374
16,379
16,353
2,349
279,768
230, 507
49,261

32,079

2,135
19,259
10,486
2,554
849,841

200,338

167
495
13

249,735

Total liabilities..

135
353

60
4,560
4,620
4,572
2,541
442

189,178
49,609
5
2,639
27,568
14,204
3,083
236,368
49,918

280,443

60
4,525
4,585
4,482
2,093
445

18
610
30

202
502

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
--.
Reserves and retirement account for preferred stock..
Total capital accounts
Total liabilities and capital accounts..

60
4,560
4,620
4,628
2,335
504

11,605

12,175

12,087

261,340

292, 618

299,086

33,157

34,160

41,300

MEMOEANDUM

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

785882—48




62

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
NEBRASKA
[In thousands of dollars]
Juno 30,
1947

Oct. 6,
1947

Dec. 31,
1947

127 banks

127 banks

127 banks

143,973
467,705
4
36,343
20,701
980
132,134
122,726
4,128
5
1,140
729

166, 571
475,788
38, 516
21,680
988
138, 708
8,429
142,257
4,169
5
1,151
834

178,787
445,478
4
39,520
21, 386
1,001
140,692
8,975
136,168
4,260

938,461

999, 096

977, 869

557,119
104,032
22
10, 716
36,693
169, 539

588,078
105,970
22
23, 111
31,462
194, 685
5,916
949,944
843,183
106, 111
250
5
483
1,347
67

603,748
105, 326
22
7,600
39,140
164,730
7,053
927,619
822,154
105, 465
650

892, 078

951, 396

929,938

35
16, 215
16,250
16, 090
9,533
4,510

16,417
16,450
16,182
10, 505
4,563

ASSETS

Loans and discounts (including overdrafts)
U . S . Government securities, direct obligations
Obligations guaranteed by U. S. Government
_.
Obligations of States and political subdivisions
Other bonds, notes, and debentures
_
Corporate stocks, including stock of Federal Keserve bank.__
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures-.
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets.
_
_
Total assets..

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

7,893

884,764
780, 591
104,17S
5,400
5
340
1,304
265

1,148
450

970
263

CAPITAL ACCOUNTS

Capital stock:
Preferred stock-Common stock-.
_.
Total capital stock
Surplus
Undivided profits
.
Reserves and retirement account for preferred stock..
Total capital accounts
Total liabilities and capital accounts.

33
16, 627
16, 660
16,540
9,840
4,891

47,700

47,931

938,461

999,096

977,869

107,334

106,668

94,080

MEMORANDUM

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




REPOBT OF T H E COMPTROLLER OF T H E CURRENCY

63

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1947—Continued
NEVADA
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

5 banks

Loans and discounts (including overdrafts)___
U . S . Government securities, direct obligations
Obligations guaranteed by U. S. Government..
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
_
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets

Oct. 6,
1947
5 banks

5 banks

33,611
70,388
7,873
438
115
15,287

141,596

148,112

146,331

69,239
45,325
1,304
14,196
767
2,823
188,654
88,174
45,480

74,660
45,631
1,876
14,514
1,185
2,079
139,945
91,785
48,160

71,813
45,893
1,381
16, 717
910
2,068
188,782
90,869

120
512
1,201

136
552
1,048

149
459
441

135,487

Total assets..

37,622
74,207

753
474
332

35,425
75,412
7,310
463
117
16,142
2,531
8,976
753
476
507

141,681

139,831

1,810
2,087
2,212

1,810
2,087
2,534

1,810
2,100
2,582

7,422
436
117
15,399
2,586
7,229
767
469
77

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
._
Other deposits (certified and cashiers' checks, etc.)
__
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid...
Other liabilities
..Total liabilities.

48,428

CAPITAL ACCOUNTS

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

6,109

6,431

6,500

141,596

148,112

146,331

21,960

22,503

22,424

MEMORANDUM

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




64

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
NEW HAMPSHIRE
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

51 banks

51 banks

51 banks

ASSETS

Loans and discounts (including overdrafts)
U . S . Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection. _.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
...
Income earned or accrued but not collected
Other assets.
-..

55,765
74,464
35
5,716
7,627
409
20,123
5,311
20,016
1,617

59,383
74, 411
6, 550
7,579
412
23,867
5,833
23,338
1,647

62,862
69,829
41
6,259
7,264
412
5,780
22,738
1,604

48
1
150

47
4
138

191,264

203,219

199,374

108,769
42,924
20
2,672
7~"
3,278
171,745
128,286
43,459
745
95
194
110

114,770
43,616
20
4,219
10,830
6,891
3,565
183,911
139,696
44,216
250
108
92
7

112.425
42, 526
20
2,474
11,679
6,091
4,558
179,773
136,763
43,010
490
116
174
118

172,889

Total assets..

49
1
131

184,368

180,671

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
_...
Demand deposits
_
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
._.
Expenses accrued and unpaid
Other liabilities
Total liabilities .
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock...
Surplus..
Undivided profits
Reserves and retirement account for preferred stock

.....

Total capital accounts
Total liabilities and capital accounts

16
5,670
5,686
7,783
3,878
1,028

15
5,670
6,685
7,789
4,263
1,114

15
5,670
6,685
7,846
4,008
1,164

18,375

18,851

18,703

191,264

203,219

199,374

12,288

10,339

8,746

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

65

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
NEW JERSEY
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

216 banks

215 banks

214 banks

414,397
1,243,467
347
107,520
78,210
3,472
211,378
38,927
154,154
19, 096
246

426,479
1,256,780
116,440
85,129
3,488
220,625
150,671
19,092
256

456, 591
1,230,783
369
118,653
81, 217
3,503
221,660
40,803
165,118
19, 082
240

1,663
79
4,129
1,628

1,638
58
3,836
2,021

1,558
277
4,260
1,420

2, 278, 713

2,326,190

2,345, 534

935, 625

956,427
994, 871

981,674
978,584
20,324
151,368
22, 590
27,170
2,181,710
1,196,944
984,766
1,075

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin.
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
..
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets

39,677

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid _ . .
_
_._.
_ _
Other liabilities
_

18,171
133,489
22, 772
25,133
2,119,070
1,129,217
989, 853
1,340
79
2,096

30,490

134,942
23,068
24, 436
2,164, %H
1,162,832
1,001,402

990

58
2,379
4,776
498

277
2,652
4,017
1, 247

2,127, 509

Total liabilities

3,934

2,171,945

2,190,978

5,646
1,153
49,698
56,497
58,112
24,383
12, 212

5,415
1,135
50,178
56,728
58,161
27,037
12,319

5,375
1,111
50, 707
57,193
59,332
24,596
13,435

151, 204

154,245

154, 556

2,326,190

2,345, 534

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
_
Total capital stock
_
Surplus
.
Undivided profits.
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

2, 278, 713

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purpose.




99,492

88,681

66

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1947—Continued
NEW MEXICO
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

24 banks

Loans and discounts (including overdrafts) _
_
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
___
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets

Oct. 6,
1947
24 banks

24 banks

68,341
75, 725

58,387
83,537

Total ssets..

7,234
1,224
200
24,857
4,560
37,154

206,140

1,897
198
22,991
3,388
26,323
1,107
79
13

58,830
76,594
7,497
818
200
23,643
4,046
33,020
1,213
80
139

218,685

125, 786
30,346
11
3,406
26,488
8,010
2,417
196, M
165, 605
SO, 859

132,787
30,254
11
2,465
31,043
9,964
2,549
209,07S
178,299
SO, 774

1,246

100
139
47

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
_
...
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

117,865
29,932
11
1,840
29,229
2,352
187,897

Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities

SO, 231

137
13
217

188,142

196,965

209,440

3,566
3,074
613
1,594

Total liabilities.

117
187
197

3, 566
3,073
1,011
1,525

3,566
3,318

CAPITAL ACCOUNTS

Capital stock: Common stock.
SurplusUndivided profits..
Keserves...-.
Total capital accounts..
Total liabilities and capital accounts

8,847

_

9,175

196,989

206,140

39,502

39,945

MEMORANDUM

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




40,689

REPOBT OP T H E COMPTROLLER OF T H E CURRENCY

67

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
NEW YORK
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

390 banks

390 banks

3,105,231
6,512,584
1,373
422, 246
342, 743
41, 785
1,973,054
85,033
882,295
85,924
142

3,099,303
6,419,260
449,689
345, 694
41,776
1,992,063
94,969
804, 806
85,770
384

1,424
25,161
25,998
8,801

1,438
32,630
27,591
10,399

1,400
37,843
23,931

__. 13, 513, 794

13,405,772

13, 752,839

Dec. 31,
1947

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
.
Other bonds, notes, and debentures
_.
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
.
_.
Balances with other banks, and cash items in process of collection _
_
Bank premises owned, furniture and
fixtures
.-..
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
,
._.
Other assets..
Total assets

_

_

_

3,284,110
6,240,922
2,175
430, 769
363,194
42,125
2,088,805
99,101
1,041, 252
86,142
381

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.Deposits of U. S. Government
Deposits of States and political subdivisions.
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed moneyMortgages or other liens on bank premises and 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.
_.
Total liabilities
r

7,874, 655
1, 593,811
135,025
290,990
1,823,455
461,406

7,494, 634
1, 604, 022
305,811
281,177
1,887,927

12,179, 342
10,545,884
1,633,958
5,360
10

11,960,518
10,319,084
1,641,434
99,878
10

27,601
11,099
54,324
239,079
12, 516,815

35,429
12,684
49,297
239,701

7,961,669
1, 595,324
155,045
285,141
1,954, 532
439,005
12,390,716
10,758,126
1,632,590
34,420
30
42,772
13,628
39,468
218,949

12,397, 517. 12, 739,983

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

281,323
286,120
513,960
163,400
33,499

3,751
793
281,870
286,414
515,846
169,346
36,649

996,979

3,994
803

3,645
742
282,428
286,815
527,455
163, 534
35,052

1,008, 255

1,012,856

13, 513,794 13,405, 772

13,752,839

1,131,018

843,477

MEMORANDUM

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




902,078

68

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
NORTH CAROLINA
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

45 banks

Loans and discounts (including overdrafts).. _
_
_
U. S. Government securities, direct obligations.
_
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
.
Other bonds, notes, and debentures
_
_
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
_
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises..
_
_
Investments and other assets indirectly representing bank premises
or other real estate..
_
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
_
Other assets

Oct. 6,
1947
45 banks

45 banks

121,554
228,339

16,270
3,052
598
54,616
8,841
58,826
3,494
10

114,980
215,254
15,902
2,708
603
60,962
12,456
74,425
3,571
7

1
622
451
498

4
435
430
451

1
379
462
244

471, 065

502,188

522,927

282,942
90,321

299,618
90,334
1
11,982
41,147
23,367
6,739
473,188
380,959
92,229
700

324,328
91,022
1
7,357
41,428
22,158
7,784
494,078
401,146
92,932

622
627
794
144

435
666
759

379

445, 585

475,756

496,244

8,044
11,943
3,876
1,617

Total assets.

110,030
213,756

8,069
12,026
4,708
1,629

8,350
12,381
4,080
1,872

16,297
2,568
612
61,430
13,442
74,066
3,524

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
_
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits...
Time deposits

.

_
._

Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding
Income collected but not earned...
_
Expenses accrued and unpaid
Other liabilities
Total.

5,805
38, 262
20,044
5,823
443, 198
350,969
92, 229
200

895
198

CAPITAL ACCOUNTS

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

:

25,480

26,432

471,065

502,188

522,927

0,178

67,916

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

69

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1947—Continued
NORTH DAKOTA
fin thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

41 banks

41 banks

41 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
-__.
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected__
Other assets._
_

29,509
165,413
5,216
5,251
224
30, 514
2,895
39, 599
1,237
602
61

30,431
174,124
9
6,468
5,542
225
31,604
2,976
22,978
1,186
603
23

242,058

Total assets..

28,946
153,525
9
4,583
4,532
220
26,728
2,435
19,321
1,171
548
40

280,521

276,169

149,429
61,302
5
2,479
6,353
9,631
1,752
280,951
169, US

178,885
63,082
5
6,128
5,422
13, 572
1,790
268,884
205,609
63,275

175,540
65,432
5
3,858
5,790
12,070
1,870
264,565
198,984
65,631

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits...
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities _

110
548

125
634
20

147
548
38
265,298

231,647
CAPITAL ACCOUNTS

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

3,633
3,762
1,999
1,017

3,633
3,819
2,363
1,043

3,840
4,041
2,023
967
10,871

10,411

10,858

242,058

280,521

22,198

20,805

MEMORANDUM

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




70

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
OHIO
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

241 banks

240 banks

240 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
_
O bligations of States and political subdivisions
Other bonds, notes, and debentures...
.
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
.
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets

834
494
4,122
1,946

1,199
304
4,669
2,735

245
4,349
1,437

3, 292, 653

3, 376, 902

3, 505,304

1,691,406
923, 642
177
30, 942
210, 720
171,430
36,376
8,06'4, 693
2,079,906
984,787
1,700

1, 701,047
933, 794
170
63,267
217,158
187,100
34,451
8, 136,987
2,182, 814
1,004,178
10,380

1,843,173
941,456
170
32,364
214,405
198,186
44^ 999
8,274,758
2,260, 756
1,018,997
900

494
2,221
1,827

454
2, 538
7,859
2,128

245
2, 787
6,921
1,717

3,079,324

Total assets

150,253
87,344
5,114
403, 689
54, 944
288, 429
26,896
1

821,278
1,556,175
24
153,769
86,121
5,232
423,212
64,248
361, 077
27,304
1

3,160,346

3,287,323

5,692
74,474

5,692
74,624

80,166
88,537
31,815
12,811

80,816
88,990
34,245
13,005

7,092
75,661
82,753
91, 667
33,078
10,483

759,570
1, 534,616
24
145,029
80,611
5,104
397, 690
48, 797
286,894
26, 908
14

795,719
1, 555,606

LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
.
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits.
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
_
'
Income collected but not earned
Expenses accrued and unpaid
_ _
_
Other liabilities
Total liabilities.
Capital stock:
Preferred stock
Common stock

CAPITAL ACCOUNTS

_

Total capital stock

_

Surplus
Undivided profits.
Reserves and retirement account for preferred stockTotal capital accounts
Total liabilities and capital accounts..

213,329

216, 556

217,981

3,392,653

3,376,902

3, 505,304

365,651

418,406

377,024

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF THE CURRENCY

71

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
OKLAHOMA
[In thousands of dollars]
June 30,
1947

201 banks

201 banks

554,075
20
68,252
9,921
1,638
168,210
12,938
237,132
6,431

242,352
591,288
69,746
10,771
1,653
186,555
13,636
217, 854
6,726
12

262,243
558,564
20
79,702
10,978
1,657
181,001
15,597
234,460
6,690
1

730
242
1,034

1,100
261
1,376
623

995
535
1,040
431

1,299, 517

1,343,953

1,353,914

793,575
87,117
18,358
147,067
154,520
16, 569
1,217,801
1,122,784
94,517

844,879
88,212
95
26,103
128,865
159,806
11,635
1,259,595
1,164,024
95,571

847,721
88,397
95
13,390
148,291
150,598
20,371
1,268,863
1,178,129
95,784

242
464
2,394
402

261
558
2,427
133

535
645
2,122
842

1,220,803

1,262,974

1,273,007

25,208
29,493
18,722
5,291

Total assets..

Dec. 31,
1947

201 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
...
Balances with other banks, and cash items in process of collection-..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
—.
Other a s s e t s . . , .

Oct. 6,
1947

25,383
29,564
20,862
5,170

25,433
30,263
19,366
5,845

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid...
_.
Other liabilities
Total liabilities.

95

CAPITAL STOCK

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

80,979

80,907

1,343,953

__

Total liabilities and capital accounts

1,353,914
=====

215,041

208,637

MEMORANDUM

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




215,010

72

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
OREGON
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

22 banks

22 banks

22 banks

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations _
Obligations guaranteed by U. S. Government
..
Obligations of States and political subdivisions
Other bonds, notes, and debentures
...
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
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

247,305
575,365

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits otbanks
._.
Other deposits (certified and cashiers' checks etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

3
197
3,440
1,042

26
481
2,477
1,914

42
883
3,613
2,667

1,183,474

Total assets..

282,128
595,843

1,173
154,930
14,562
91,799
10,187

277,443
583,066
80,954
6,902
1,181
174,024
14,082
110,589
10,527

1,263,666

1,303,901

662,008
342,254
15
6,068
60,169
31,054
16,465
f, 118, OSS
769,762
848,271

721,143
344,701
15
15
9,233
13,790
89,950
50,596
37,361
46,275
18,538
19,184
', 195,704 1,284,782
882,849
845,142
852,488
350,562

76,878

197
789
3,651
1,130

481
802
4,414
790

89,409
9,262
1,182
179,966
17,070
110,861
10,975

1,049
3,061
1,538

1,123,800

1, 202,191

1, 241,313

16,265
23,115
15,169
5,125

16,275
23,122

16,275
23,381
17,351
5,581

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
urplus
p
dd
ndivided
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

16,711
5,367

59,674

61,475

62,588

1,183,474

1,263,666

1,303,901

189,460

195,094

202,992

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

73

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
PENNSYLVANIA
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

655 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
.__.
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets

Oct. 6,
1947
655 banks

647 banks

1,341,100
3,359,455

3,334,633
198,467
442,138
25,532
838,028
111, 102
529,130
58,045
564

1,622,352
3,215,096
389
194,251
441,333
25,292
918, 582
117,695
616,277
58,999
517

594
5,474
10, 544
11,394

661
4,151
10,320
6,955

6,929
10,331
7,316

6,890,044

Total assets..

392
200,651
424, 987
25,377
781,001
101,440
569, 789
57,349
497

7,043,991

7,235,717

3, 502,871
1,855,444
416
36,873
219,041
493, 553
47,931
6,156,129
4,215,059
1,941,070

3, 504,055
1,899, 501
415
95,231
242,086
519,467
46, 735
6,807,490
4,825,474
1, 982,016
3,820
4,967
4,738
18,945
1,445

3, 754,860
1,891,404
395
48,084
207,806
536, 706
62, 546
6,501,801
4,542,140
1,959,661
2,935

6,341,405

6, 540,388

1,484,265

LIABILITIES

Demand deposits of individuals, partnerships, and corporations.._
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)Total deposits
Demand deposits
Time deposits.
Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

6,844
4,043
18,898
5,379
6,198,162

8,221
5,339
17, 679
4,413

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock....

_.

447
150
215,915
216,512
340,382
94,252
40,736

Total capital accounts
Total liabilities and capital accounts

433
150
216,169
216, 762
341,171
103, 616
41,047

310
150
214, 570
215,080
341,021
98, 512
40,766

702, 586

695,329

6,890,044

7,043,991

7,235,717

578,713

611,290

573,068

MEMORANDUM

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




74

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by Statesf at date of each call during year
ended Dec. SI, 1947—Continued
RHODE ISLAND
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

9 banks

9 banks

9 banks

ASSETS

Loans and discounts (including overdrafts)
U. 8. Government securities, direct obligations
Obligations guaranteed by U. S. GovernmentObligations of States and political subdivisions
Other bonds, notes, and debentures..
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
.
Balances with other banks, and cash items in process of collection...
Bank- premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding.
Income earned or accrued but not collected
Other assets

55,093
127,025

61,411
131,934

20
179
474
90

865
481
159

20
205
514
67

242, 731

249,806

260,651

173,862
24,485
50
1,824
6,220
8,514
1,787
216,742
191,990
$4, 752

178,128
24,660
50
3,627
5,864
8,441
2,059
222, 829
197,895
H, 984

189,260
24,155
50
2,424
7,873
8,177
2,431
234,870
209,941
24,429

179
195

205
220

186

865
199
925
54

218,187

224,872

235,837

9,495
11,166
3,588
295

Total assets...

3,899
5,224
627
22,452
5,544
21,110
752
242

56,089
127.949
4,374
5,135
633
27,418
5,560
20,109
753
281

9,570
11, 241

9,570
11,263
3,687
294

24,544

24,934

24,814

242,731

249,806

260,651

14,765

15,542

15,054

2,752
4,651
633
28,364
6,590
22,465
745
300

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations...
Postal savings deposits.
.
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
.
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

_

Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding..
_
Income collected but not earned..
Expenses accrued and unpaid
.._•
Other liabilities
Total liabilities..

178

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus..
Undivided profits.
Reserves
Total capital accounts

_

Total liabilities and capital accounts

258

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

75

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1947—Continued
SOUTH CAROLINA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

23 banks

23 banks

24 banks

ASSETS

Loans and discounts (including overdrafts)
U . S . Government securities, direct obligations.. _
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of collectionBank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
_.
Other assets-_

78,494

409,162

Total liabilities.

447,236

272,321
51,719
7
6,140
42,117
13, 618
4,051
889,973
337,245
52,728

290,031
53,097

305, 483
52,199

13,622
43, 559
20,029
4,253
424,598
370,064
64,584

5,492
42,524
4,261
426,864
873,425
58,439

322
932
162

350
964
173

374
847
288

426,085

428,373

5,900
7,154
3,231
1,488

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government.._
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits.
Bills payable, rediscounts, and other liabilities for borrowed moneyIncome collected but not earned
Expenses accrued and unpaid
Other liabilities
...

444,304

391,389

Total assets..

92,792
201,750

10,862
9,937
391
51,943
8,098
47,886
1,953
4
325
576

85,001
207,920
11, 765
11,091
396
54,144
9,241
60, 632
2,016
4
378
1,716

5,900
7,189
3,621
1,509

6,100
7,396
3,557
1,810

10,498
404
55,062
11, 541
59, 562
2,037
1
365
1,537

CAPITAL ACCOUNTS

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

17,773
_

18,219

18,863

409,162

444,304

447,236

53,921

61,205

56,997

MEMORANDUM

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




76

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
SOUTH DAKOTA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

35 banks

35 banks

35 banks

ASSETS

Loans and discounts (including overdrafts)
_
U.S. Government securities, direct obligations
_._
Obligations guaranteed by U. S. Government—
_
_
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
_._
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
_
._
_

41,822
133,755

248,065

281,551

279,578

154,276
44,339
2
3,766
22,819
9,584
1,487
286,278
191,873
U,900

181,270
45,485
2
7,040
19,856
13,644
1,730
269,027
222,818
46,214

182,181
46,596
2
4,277
20,780
11,494
1,810
267,140
219,754

32
132
616

32
168
188

32
180
642
48

237,113

Total assets..

46,393
152,407

7,063
5,176
247
28,751
2,827
26,378
1,226
596
220

43,046
150,140
7,949
5,852
252
33,068
2,849
36,330
1,243
670
152

270,113

268,042

100
3,613
8,718
4,561
1,525
1,153

100
3,613
8,713
4,657
1,920
1,148

3,663
8,663
5,047
1,555
. 1,271

9,172
6,278
259
32,163
27, 752
1,247
632
202

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
_.
Other deposits (certified and cashiers' checks, etc.)
_
Total deposits
Demand deposits
Time deposits.

Bills payable, rediscounts, and other liabilities for borrowed money.
Mortgages or other liens on bank premises and other real estate
Income collected but not earned
_
_.
Expenses accrued and unpaid
Other liabilities
_.
Total liabilities-

47,886

CAPITAL ACCOUNTS

Capital stock:
Preferred stock _
Common stock
Total capital stock.
Surplus..
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
_
Total liabilities and capital accounts

10,952

11,438

11,536

248,065

281, 551

279,578

40,920

39,387

37,314

MEMORANDUM

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




REPORT OP T H E COMPTROLLER OF T H E CURRENCY

77

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
TENNESSEE
[In thousands of dollars]
J u n e 30,
1947

Oct. 6,
1947

D e c . 31,
1947

70 banks

70 banks

70 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government.-Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets

125

519,684
67, 539
16,254
2,213
184,144
19, 627
160, 054
9,962
229

414, 767
504, 746
37
66, 676
15,028
2,269
202, 043
23,960
177, 650
9,985
232

204
593
1,640
1,085

221
218
1,433
1,082

236
75
1,582
897

1,270,680

1,318,643

1,420,183

611,673
269, 750
58
9, 272
89,230
205, 555

625,196
269,196
58
20,151
98,836
216,105
11,016
1,240,568
962,889
278,169
120

674; 140
271,056
58
12, 918
95,005
275,344
12,888
1,841,409
1,061,816
279,593
30

218
2,071
2,402

75
2,220
2,120
655

1,199,387

1,245,677

1,346, 509

447
22, 960
23, 407
33,663
11,424
2,799

447
22, 960
23, 407
33,983
12, 591
2,985

447
22,960
23, 407
35,133
12,028
3,106

538,021
37
66,646
15, 581
2,201
166,184
18,230
152,162

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding___.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
..._.
Total liabilities.

1,194, U6
915,298
278,848

1,905
2,257
486

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock..
Total capital accounts
Total liabilities and capital accounts..

71, 293

72, 966

73,674

1, 270, 680

1,318,643

1,420,183

107, 746

127, 561

123,347

MEMORANDUM

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

785882—18

6




78

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec, SI, 1947—Continued
TEXAS
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

436 banks

437 banks

437 banks

1,144,928
1,845,916
3
150,673
41,125
6,219
670,715
54,928
831,446
34,467
1,653

1,243,415
1,909,619
168,714
44,808
6,321
706,816
59,498
822,144
35,351
1,810

1,381,430
1,909,062
3
177,812
44,979
6,356
746,978
68,785
944,779
39,258
1,769

5,519
1,182
2,427
1,787

6,572
4,682
2,975
3,043

3,267
4,434
2,764
2,633

4,792,988

5,015,768

5,334,309

3,075,463
396,484

3,222,801
397,506

3,305,907
401,638
370
44,479
376,036
780,661
130,872
5,039,96S
4,576,605
463,358

ASSETS

Loans and discounts (Including overdrafts)
U. S. Government securities, direct obligations.
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
__.
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and
fixtures
____
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
_
Other assets
Total assets
LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
_.
Total deposits..
Demand deposits
_
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and outstanding
;
Income collected but not earned
Expenses accrued and unpaid
_
Other liabilities—

64,832
33,527
319,121
304,386
636,195
689,867
49,953
41,142
4,511,112 4, no, 90s
4,055,264 4,267,786
455,848
458,167

1,127
9,494

5,744
1,300
8,491
2,184

4,524,767

Total liabilities

1,232
992
9,830
1,601

4,737,202

5,057,682

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus..
__
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts..

_
_

__

1,207
99,722
100,929
104,880
46,713
15,699

1,185
102,309
103,494
105,301
53,923
15,848

1,185
102,733
108,918
107,875
46,506
18,328

268,221

_

278,566

276,627

4,792,988

5,015,768

5,334,309

MEMORANDUM

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




510,294

645,906

REPORT OF THE COMPTROLLER OF THE CURRENCY

79

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
UTAH
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

12 banks

12 banks

12 banks

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations. _
Obligations guaranteed by U. S. Government
:.
0bligations of States and political subdivisions
._
Other bonds, notes, and debentures..
_
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures.
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Income earned or accrued but not collected
Other assets
_
._
_.
Total assets...
_.
_ _. _
_

69,540
126,967 }
296
6,068
274
301
31,816
2,301
22,119
1,423
30

75,819
124,742 /
I
6,634
1,045
304
38,977
2,373
29,846
1,459
30

81,459
129,502
296
5,004
980
304
46,940
2,609
27,066
1,549
30

725
50
79

725
28
236

775
19
35

261,989

282,218

296,568

150,616
58,682
20
1,258
14,974
20,991
1,455
247,996
188,754
59,242

164,387
58,485
20
1,800
14,828
26,952
1,544
268,016
208,971
59,045

164,000
58, 590
20
1,432
28,055
28,032
1,647
281, 776
222,626
69,160

228
743
107

II

11
267
738
73

11
304
792
172

249,085

269,105

283,055

4,025
5,678
1,769
1,432

4,025
5,678
2,051
1,359

4,025
5,826
2,173
1,489

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations. _
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks.
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
._
_
_
_
Bills payable, rediscounts, and other liabilities for borrowed moneyMortgages or other liens on bank premises and other real estate
Income collected but not earned
Expenses accrued and unpaid—
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

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

._

...
_

12,904

13,113

13, 513

261,989

282,218

296,568

6,909

6,296

6,598

MEMOEANDUM

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




80

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
VERMONT
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

39 banks

39 banks

39 banks

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures.
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
..
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and
fixtures.._
_
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Income earned or accrued but not collected.-.
Other assets
Total assets

47,644
48,814
142
5,641
7,914
270
12,420
2,245
10,944
1,106
32

49,047
49,510
6,007
8,275
271
13, 821
2,133
12, 765
1,128
19

5
160
58

5
158

5
137
122

137,395

143,219

139,709

52,196
65,886
3
1,002
2,495
1,010
800
128,892
57,018
66,879
415
332
179
194

55,406
66,153

52,995
65,517

1,166
4,521
1,186
845
129,280
62,542
66,788
100
389
146
129

1,034
3,236
976
1,760
125,521
59,498
66,028
205
385
237
268

124,512

130,044

126, 616

43
96
4,585
4,724
4,253
2,599
1,307

40
88
4,588
4,716
4,266
2,893
1,300

40
88
4,588
4,716
4,419
2,598
1,360

49,618
47,312
142
6,237
8,011
302
13,115
2,348
11,233"
1,120
7

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits.
Demand depositsTime deposits.

Bills payable, rediscounts, and other liabilities for borrowed moneyIncome collected but not earned
Expenses accrued and unpaid
Other liabilitiesTotal liabilities
CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock.

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

12,883

13,175

13,093

137,395

143,219

139,709

4,990

4,692

4,756

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF THE CURRENCY

81

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
VIRGINIA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Deo. 31,
1947

131 banks

131 banks

131 banks

296,546
468,121
80
25,606
19,422
1,838
116,891
20,441
114, 916
8,971
301

311,233
479,671
26,211
20,653
1,842
132, 563
23,505
122, 782
9,135
336

332,485
456,194

732
161
946
1,429

732
223
1,055
1,598

753
85
966
1,376

1.076,401

1,131,539

1,139,599

576,675
298, 796
15
26,612
45,284
89,402
12, 036
1,04S, 820
732,489
816,381
1.660
12

553,600
294,154
14
23,207
56,518
108,241
21,410
1,057,144
745,877
811,267
765
12

ASSETS

Loans and discounts (including overdrafts)
__
17. S. Government securities, direct obligations.
Obligations guaranteed by U. S. Government..
_
Obligations of States and political subdivisions
.
Other bonds, notes, and debentures
__
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
.
Customers' liability on acceptances outstanding
_
Income earned or accrued but not collected
Other assets
•
_
Total assets

27,32621,122
1,856
133, 007
24, 057

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of XJ. S. Government
.
Deposits of States and political subdivisions..
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
_
Total deposits
Demand deposits
._
Time deposits.
Bills payable, rediscounts, and other liabilities for borrowed money.
Mortgages or other liens on bank premises and 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

549,806
296,171
15
18, 764
44,585
72,153
15,303
996,797
682,525
814,272
605
18

223
842
2,619
94

85
842
2,311
1,031

1,001,550

Total liabilities

161
786
2,292
891

1,054,270

1,062,190

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
_
Common stock
Total capital stock
Surplus
_
Undivided profits
Reserves and retirement account for preferred stock.

25
26,226
26,251
31,570
12,857
4,173

_

_

Total capital accounts
Total liabilities and capital accounts

25
26,251
26,276
31,884
14,838
4,271

25
26,321
26,846
33,123
13,157
4,783

74,851

___

_

77,269

77,409

1,076,401

1,131,539

1,139,599

139,622

138,629

130,408

MEMORANDUM

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




82

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1947—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

lbank

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
_
Obligations guaranteed by XJ. S. Government
Other bonds, notes, and debentures
_..
_
Reserve with approved national banking associations
Currency and coin
_
_
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
_

Oct. 6,
1947
lbank

1 bank

949
2,182

19
380
309
143
9
19
4

20
283
344
37
9
5
21

19
353
351
19
9
25
12

4,004

Total assets..

2,282

3,947

3,919

831
1,742
257
790
21
11

1,688
217
829
15
16

878
1,654
250
750
19
13

8,652
1,805
1,847

3,699
1,795
1,804

S, 564
1,815
1,749

946
2,175

946

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Other deposits (certified and cashier's checks, etc.)
Total deposits
Demand deposits
Time deposits

_

Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
;
Other liabilities
Total liabilities.
Capital stock:
Preferred stock
Common stock

4
13
6
3,680

3,620

3,587

100
50
150
50
21
103

100
50
150
50
25
102

100
50
150
60
19
103

CAPITAL ACCOUNTS

_

Total capital stock

Surplus—-.
Undivided profits
.
Reserves and retirement account for preferred stock.
Total capital accounts
Total liabilities and capital accounts

_
-

324

327

332

4,004

3,947

37919

320

320

320

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

83

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
WASHINGTON
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

38 banks

39 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets

456,071
706,994
95,421
2,109
219,657
24,176
169,501
8,479
54
95
3,075
453

Dec. 31,
1947

491,009
728,281
99,641
25,497
2,095
237, 534
22, 374
8,618
158
79
4,113

481,906
736,656"161,818
22,881
2,131
244, 753
27,325
187,351
8,903
135
190
2,890
424

1,709,011

Total assets..

1,818,751

1,817,363

923,202
472,029
14
11,629
118; 208
77, 252
17,689
1,620,028
1,
4U,

990,467
470, 670
14
26,727
116,710
101,622
21, 764
/, 727,974
1,265,308

1,021,977
473,606

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits__
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed moneyAcceptances executed by or for account of reporting banks and outstanding
Income collected but not earned.
_
Expenses accrued and unpaid
Other liabilities

15,693
110,442
84,825
20,429
1, 726,986
1,251,384
475,602

79
1,635
1,771

381
1,880
2,760
1,366

1,626,210

Total liabilities.

95
1,335
3,566
1,191

1,735,107

1, 733,373

10
12
25,033

10
12
24,783
24,805
30,328
15, 566
12,945

10
12
24,783
24,805
30,460
16,115
12,610

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus..
urplus.Undivided profits
Fndivide'

25,055
29, 548
15,250
12,948

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

83,644

83,990

1, 709,011

1,818,751

1,817, 363

244,697

242,161

236,037

82,801

MEMORANDUM

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




84

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
WEST VIRGINIA
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

76 banks

76 banks

76 banks

100,155
254,912
224
12,636
11,363
842
54, 532
11, 760
57,458
4,244
64

106,223
259,476
12,957
11,875
821
59,522
13,461
68,067
4,397
61

112,733
252,577
224
13,695
10,433
987
64,551
13,715
66,665
4,404
55

15
142
416

16
148
551

15
183
435

508,763

537,575

540,672

277,226
136,443
30
5,921
26,484
20,486
5,880
478,470
888,485
188,985
775
130
702

293,143
138,047
30
11,413
26,126
25,349
6,193
500,801
859,680
140,621
600
165
626
75

292,700
136,029
30
9,791
32,286
23,552
9,557
508, 945
865,575
188,870

474,340

501,767

505,074

12,290
14,387
5,731
2,015

12,290
14,538
6,975
2,005

12,290
15, 553
5,535
2,220

ASSETS

Loans and discounts (including overdrafts)
._
U.S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
_.
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and
fixtures
_.
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Income earned or accrued but not collected
Other assets.
_
...
Total assets
LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
_
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned.,
Expenses accrued and unpaid
_
Other liabilities
Total liabilities

176
656
297

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
_
Undivided profits
_
Reserves and retirement account for preferred stock
Total capital accounts
_.

_

_.

Total liabilities and capital accounts..

34,423

35,808

508,763

537,575

540, 672

54,840

58,186

56,525

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

85

and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1947—Continued
WISCONSIN
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

95 banks

95 banks

95 banks

ASSETS

Loans and discounts (including overdrafts)
_
_
U. S. Government securities, direct obligations.
Obligations guaranteed by XJ. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve win Federal Reserve bank
Currency and coin
_.
Balances with other banks, and cash items in process of collection ...
Bank premises owned, furniture and fixtures
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....-

236,451
820,106
29,531
39,466
1,711
15,337
157,125
8,679

247,924
791,375
258
30,574
40,822
1,744
153,251
17,923
178,271
8,578

17
4
2,526
1,410

18
1,702

19
49
2,340
1,666

1,463,198

.

217,999
839,407
268
26,934
37,171
1,708
158,725
15,722
152,640
8,667

1, 471, 735

1,474,794

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.
Postal savings deposits
„
_.
_
Deposits of U. S. Government
_
_.
Deposits of States and political subdivisions _
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)...
Total deposits
Demand deposits
Time deposits

-

_

Bills payable, rediscounts, and other liabilities for borrowed money..
Acceptances executed by or for account of reporting banks and
outstanding
_
_
_
_.
Income collected but not earned
_
__.
Expenses accrued and unpaid
_
_
Other liabilities
.__
Total liabilities
__..

631, 552
496,702
490, 520
33
33
41,324
16,873
74,458
110,963
104,394
119,183
20,081
19,073
1,876,468 1,882,825
608, U4
50

867,779
514,546

684,002
498,133
34
24, 513
59,973
104,666
14,758
1,886,079
878, £84
512, 845
25

4
533
2,766
221

43
658
3,472
53

* 49
717
2,318

1,380,037

1,386, 551

1,389,491

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
_.
Common stock
Total capital stock
Surplus
_
_
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts

_.
_
__.
_.
-

217
25
26,718
26,960
29,404
17,947
8,850

217
25

26,980
29,470
19,651
9,083

150
25
26,805
26,980
29,915
19,105
9,303

85,184

85,303

1,471,735

83,161

Total liabilities and capital accounts

1,474, 794

70,810

81,546

MEMORANDUM

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




75,761

86

REPORT OF T H E COMPTROLLER OF T H E

CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1947—Continued
WYOMING
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

26 banks

26 banks

26 banks

ASSETS

Loans and discounts (including overdrafts).
U. S. Government securities, direct obligations. _
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
_
Other bonds, notes, and debentures^
__
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank
_
Currency and coin
_
Balances with other banks, and cash items in process of collection...
Bank premises owned, furniture and
fixtures
_
Income earned or accrued but not collected
Other assets. _
_

31,004
69,569

147,826

Total assets..

30,262
82,199

5,708
2,412
171
16,737
3,012
18,423
627
110
53

31,281
69,829
6,542
2,364
184
17,990
2,761
32,380
640
112
55
164,138

171,260

85,928

97,360
29,652
18
2,969
12,329
11,441
1,568
155,337
125,191
SO, 146

101,259
30,006
18
2,290
15,339
11,053

6,611
2,273
175
19,951
2,918
26,069
626
144
32

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations.
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
_

29,327

17
1,366
13,712
7,321
1,376
189, OJp
109, 227
29,820
200
154
72
44

2,309

162,274
131,824
SO, 450

169
104
57

139, 517

Total liabilities .

163
100
2
155,602

162,604

90
2,360
2,450
3,276
1,949
634

90
2,360
2,450
3,301
2,201
584

2,360
2,450
3,616
1,991
599

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock..
Surplus..
Undivided profits.
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

90

8,309

8,536

8,656

147,826

164,138

171,260

20,631

21,554

22,118

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




TABLE N O . 12.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1947
[In thousands of dollars]
Earnings from current operations
Number
of
banks !

Location

Maine
New Hampshire

Other
securities

Interest
and
discount
on loans

Service
charges
and other
fees on
banks'
loans

Other service
Service charges, com- Trust
missions,
charges
departfees, and
on deposit
collection
accounts and exchange ment
charges

Other
current
earnings

Total
earnings
from
current
operations
6,045
5,421
4,237
62, 693
4,627
16,882

177
736

2,402
2,556
2,442
23,753
1,656
6,287

36, 212

4,339

39,096

590

5, 418

2,187

4,109

7,954

99,905

16, 461
3,947
17,195
90

7,743
2,912
4,545
24

4,190
715
2,325
21

8,332
1,560
5,482
14

23,872
1,887
6,745
10

510
397

80,272
17, 582
50,205
487
3,998
3,951

1,841
104
492
2

62
9

94,923
22,092
61,412
382
6,923
4,781

29
15

442
784

201
174

305
450

532
389

237,634
50, 799
148,401
1,030
12,940
10,941

1,334

190,513

38,600

156,495

2,483

16,450

7,626

16,143

33,435

461, 745

1,258
568

61
64

1,173
556

'514
215

1,074
262

1,021
586

44
8

777
746

440
584

219
217

456
168

93
70

8,263
4,387
3.399
2,760
6,179
9,415
5,675
1,678
7,736
28,099
2,733
4,751
8,490

2,005

12,649
5,307
4,565
3,146
9,958
7,929
9,676
1,883
7,425
50, 665
3, 545
5,653
13,387

1,163

93, 565

17,035

240
125
378
78
95

24, 258
13, 111
67,164
19,123
13,447

4,045
1,782
9,687
2,200
1,385

121
9
51
304

389
214
647
13

.

. _ .

..

Total New England States
New York
New Jersey.._
.
Pennsylvania
Delaware..
______
Maryland
District of Columbia .

.

Total Eastern States.

_

51
39

131
76
..

45
24

__
. . . .

50
61
67

25
34
437
50

_
.-

_ _

Total Southern States
Ohio
Indiana
Illinois . .
Michigan
Wisconsin.

U.S.
Government
obligations
2,408
1,500
1,029
23,193
2,155
5,927

33

_.

Massachusetts
Rhode Island
Connecticut..

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

Interest and dividends
on securities

_
_




_

_
_

355

347
299
2,425

422
359

706
1,817
1,553
500
1,498
4,530
915
904

3

8
12
526
8
33

321

104

113
59
1,615

104
53
1,991

1,097

244

47
249

1,509

146

1,044

44
259
1,651
120

971
2,007
1,141
194
1,773
6,630
472

1,411

169

213
515

1,209

16,154

12,546

6,702

17,104

299, 653

3,201
1,615
7,005
2,141
1,147

1,258
630
2,485
1,224
636

2,743
508
8,620
1,212
463

4,280
1,833
9,046
1,866
1,453

67,070
30, 300
158, 839
48,848
26, 023

6
50
274
13

1,831
1,246
1,009
499
905
3,130
593

60
62

560
987

135,788

759

27,135
10, 688
53,368
20, 684
7,391

150
133
1,464
398
101

28

194

194

282
123
6,165

26,013
11,945
10,322
7,988
21,679
25,245
20,848
5,107
20, 916
99, 745
8,993
12,786
28,066

1,220
2,054
1,140
303
1,270
4,766
602

51
38

258

511
220
3,025

763
739
626

476

TABLE N O . 12.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1947- -Continued
[In thousands of dollars
Earnings from current operations

Location

Number of
banks1

Interest and dividends
on securities ,

Interest
and
discount
on loans

Service
charges
and other
fees on
banks'
loans

U.S.
Government
obligations
Minnesota
Iowa
Missouri
_
Total Middle Western States
_
North Dakota
South Dakota
. .
Nebraska
Kansas,
....„.,..
Montana
Wyoming Colorado
New Mexico
__
Oklahoma..
._
Total Western States
Washington _
Oregon
California
Idaho
Utah
. Nevada *
.
Arizona
Total Pacific States
_
Total United States (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)
1

180
96
79
1,271
41
35
127
174
39
26
77
24
201
744
38
22
94
15
12
5
3
189
5,005
4
1
1
6
5,011
8
11
241
4, 745
6

Other
securities

16,033
5,884
10,064
169,084
2,362
"
2,011
6,882
6,161
2,563
1,066
5,736
1,158
8,021

1,867
1,008
1,667
23,641
155
232
847
767
192
161
694
206
1,630

15,526
5,625
12,988
153,405
1,395
2,143
6,506
6,374
1,681
1,514
6,518
3,135
13,053

143
25
85
2,499
29
15
11
47
15
3
56
2
72

35,960
11,932
10,635
62,056
3,538
1,899
1,219
1,377

4,884

42,319

2,816
1,727
11,369
122
122
150
146
16, 452
104,951

19,800
10,924
133, 591
3,011
3,170
1,744
5,165

250
140
53
2,928
14
43
27
147

177, 405

3,352

704, 508

9,933

13
155
1
169

1,406
51
1,811

105,120
12,976
5,557
38,819
47, 599
169

92,656
617,990
2,292
32
2,541
620, 531
72,705
38,479
237,004
269,802
2,541

10

Other service
Service charges, com- Trust
missions,
charges
departfees, and
on deposit
collection
accounts and exchange ment
charges
1,910
972
1,023
19,014
401
444
1,121
1,179
441
268
1,383
257
1,788
7,282
2,364
1,414
13,187
576
361
122
671
18,695
83,013
25
303
1
329

2,559
543
351
9,686
591
462
577
454
254
135
387
133
777

Other
current
earnings

1,717
255
902

2,019
613
772

41,774
14,925
27,852

16,420
35
45
254
191
26
60
556
38
273

21,882

415, 631

247
326
1,114
1,002
335
187
634
230
1,820

5,216
5,678
17,312
16,175
5,507
3,394
15,964
5,159
27,434
101,838

3,770
1,178
682
4,584
182
107
63
194

1,478

5,895

537
8,484
69
40
112
121

6,990
42,805

10,200
55,052

1,204
925
11,404
259
275
195
504
14, 766

340, 516

101,036

1,719,288

233
239
46

11

54
102
1

11

157
101,193
21,977
6,056
39, 555
33,448
157

706,319

10
9,943

83, 342

518
43,323

55,063

51,990
31,981
319,812
300, 725
1,811

1,527
879
5,476
2,051
10

3,8691,195
32, 968
44,981
329

2,605
639
16, 849
22, 712
518

7,399
7,568
25,739
14, 346
11

Number of banks as of end of year, butfiguresof earnings, expenses, etc., include those of first 6 months for banks which were inactive at the close of year.




Total
earnings
from
current
operations

40,271
26,897
247,603
7,771
6,017
3,632
8,325

4,497
132
5,546
1,724L834
175,048
92,354
716, 222
735,664
5,546

TABLE N O . 12.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1947—Continued
[In thousands of dollars]
Recoveries and profits

Current operating expenses
Salaries and wages

Location

Employees
other than
officers

Officers

I*

I

ll

a
Maine
New Hampshire.
Vermont
Massachusetts...
Rhode Island
Connecticut

a

946
849
640
13,207
654
3,657

537
499
346
6,312
463
1,801

66
64
60
320
38
132
680

99T

10,751

1,761

19,953

9,958

21,655
5,546
14, 259
140
1,309
1,202

2,778
1,056
2,748
39
256
161

54,101
9,043
25,108
121
2,021
2,518

22,138
4,580
12,195
75
1,060
1,141

639
1,420
15
135
113

44, 111
Total Eastern States.
3,024
Virginia1,329
West Virginia._.
1,214
North Carolina.
South Carolina.
960
2,217
Georgia
2,592
Florida
2,212
Alabama
Mississippi
715
2,059
Louisiana
12, 817
Texas
See footnotes at end of table.

7,038

92,912

41,189

3,313

40,379

2,218
997
906
792
2,034
2,510
1,861
472
1,985
8,575

215
104
54
41
119
115
99
53
140
529

2,975
1,352
695
434
1,453
1,679
1,756
406
1,831
3,383




II
2

206
166
84
1,585
67
514

41
112
62
1,101
44
382

1,061
1,108
715
13,667
921
3,168

3,987 2,058
3,565 1,856
2,857 1,380
40,348 22,345
2,378 2,249
11,675 5,207

139
158
65
1,018
45
137

202
228
130
2,568
170
495

100
107
197
1,846
126
306

29
758

119

164
180
138
873
72
334

636~
290
225
187
387
476
393
140
293
2,406

II §

111

2,622

1,742

20,640

64,810

35,095

1,562

3,793

2,682

1,070

9,107

45
169
1
43
4

5,479
2,070
5,277
30
710
546

2,579
1,125
2,288
20
140
178

48,000
9,061
24,051
140
2,164
1,981

145,977 91, 657
35,490 15,309
89, 704 58,697
593
437
8,124 4,816
7,236 3,705

2,416
609
6,394
3
257
16

13,817
2,311
6,885
84
429

9,558
1,316
3,050
13
239
230

816
3,688
4
117
50

34,721
5,052
20, 017
104
1,042
564

570

14,112

6,330

85,397

287,124 174, 621

9,695

23,794

14, 406

13, 605

61, 500

27

951
278
280
72
1,276
728
219
284
1,276
6,528

490
246
251
125
343
665
269
66
320
1,505

4,096
1,896
1,993
1,634
5,012
5,664
4,046
1,131
4,159
18,741

15,687 10,326
6,970 4,975
6,198 4,124
4,705 3,283
14,329 7,350
16, 257 8,988
12,313 8,535
3,509 1,598
13, 775 7,141
60,327 39,418

268
69
19
30
24
209.
7
69
132
702

649
201
232
56
617
1,374
320
95
487
1,867

572
241
75
41
221
104
295
72
205
2,252

206
218
70
40
167
254
184
72
217
1,454

1,695
729
396
167
1,029
1,941
806
308
1,041
6,275

905
510
826
4,296
211
1,555

756
746
465
6,127
423
2,234

Total New England States..
New York__
New Jersey
...
Pennsylvania
Delaware
Maryland
District of Columbia-

Jj.s

12, 864
7,961
17,132
126
1,602

12

145

453
556
421
6,190
404
1,083

TABLE N O . 12—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1947—Continued
[In thousands of dollars]
•

Current operating expenses

Recoveries and profits

Salaries and wages

Location

Employees
other than
officers

Officers

5

I

•g
S

Arkansas..
Kentucky.
Tennessee _
Total Southern States.
Ohio
Indiana
Illinois
Michigan...
Wisconsin..
Minnesota..
Iowa
Missouri.—
Total Middle Western
States
.
North Dakota.
South Dakota.
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico. _.
Oklahoma
Total Western States




I

8
<

8
1,261
1,610
2,642

260
408
498

1,291
1,972
4,637

745
1,199
2,438

80
110
106

456
861
2,468

281
584
1,266

105
195
522

1,764
2,108
4,859

5,239 3,754
7,462 5,324
16, 522 11, 544

131
252

34,642

6,599

50,739

26,732

1,765

19,749

170 14,023

5,102

6,741
3,196
15,145
4,440
2,833
4,952
2,001
3,081

1,267
757
2,265
585
498
969
419
526

11,045 5,730
5,046 2,670
30,707 13,673
10,784 4,922
5,170 2,628
8,254 4,195
2,329 1,342
5,665 2,889

463
183

7,463
3,434
14,987
187 6,148
179 3,798
4,702
93 1,283
122 1,699

5,684
1,932
5,806
1,610
473
592
363
1,149

42,389

7,286

79,000

38,049

2,176

43,514

659
831
2,478
2,595
676
537
1,849
630
3,866

166
201
523
669
155
120
381
121
906

727
838
2,696
2,336
864
565
2,992
979
4,361

461
524
1,520
1,339
482
313
1,527
499
2,442

50
47
129
128
27
26
108
20
121

570
459
751
573
304
214
1,229
266
766

14,121

3,242

16,358

9,107

656

5,132

34

198
350

90
170
216

65
133
231

446
784
15
,

57,103

183. 293 116,360

2,005

7,345

4,554

3,311

17,215

1,152 12,033
553
5,332
1,655 29,738
601
8,732
430 5,094
434 8,034
178 2,852
318 5,543

44,635 22,435
19,678 10,622
60,052
32,561 16,287
17,984 8,039
27,334 14,440
9,105 5,820
17,611 10,241

577
606
6,654
521
383
784
60
967

1,301
1,000
5,623
1,699
1,433
713
194
860

553
260
3,186
404
316
667
188

855
657
5,121
120
117
612
112
691

3,286
2; 523
20,584
2,744
2,249
2,776
554
3,201

8,285 37,917

-

328 17,609
.
114
86
577
513
404
135
305
184
438

5,321

77,358

267,695 147,936

10,552

12,823

6,257

82
80
176
250
80
49
163
53
541

919
1,037
3,737
3,149
1,010
567
2,885
953
5,406

2,094
2,298
10, 587 6,725
9,552 6,623
3,365 2,142
2,094 1,300
9,535 6,429
3,086 2,073
15, 510 11,924

14
22
245
120
158
2
336
3
126

28
21
279
286
12
38
202
14
715

45
48
287
242
227
64
595
203
390

25
248
342
35
37
156
219
538

155
116
1,059
990
432
141
1,289
439
1,769

2,756

1,474

19,663

60,230 41,608

1,026

1,595

2,101

1,668

6,390

70

3,121
3,380

Washington
Oregon
California
Idaho .
Utah
Nevada
Arizona

.

Total Pacific States

4,509
2,652
21,724
977
553
337
928

707
520
3,919
174
87
65
151

8,964
5,867
52,840
1,387
1,044
615
2,170

4,034
2,740
20,732
783
535
305
1,054

93 4,334
45 2,934
379 35, 571
17
700
31
553
7
562
6
477

31,680

5,623

72,887

30,183

578

Total United States (exclu177,694
sive of possessions)

31,549 331,849 155,218

158 1 781
1,497
86
9,286
431
56
43
299
7
4
4
136

332
97
13,056
36
7
5
62

711
117
1,133
29
22
18
13

1,982
1,797
23,906
164
335
31
211

213,679 126,837

729

12,059

13,595

2,043

28,426

24,043 311, 573 1,076,831 642, 457

25,569

61,409

43,595

2

2

31

1

36

10

3

8

21

530
13 I
418
3
57 6,328
120
8
91
15
155
1
178

653
421
2,634
121
87
40
118

7,051
4,030
35,436
1,321
1,007
495
2,072

26,147
16,370
154,969
4,651
3,381
2,211
5,950

45,131

97

7.820

4,074

51,412

9,168 162,208

1,354

58,942

14,124 I
10,527
92,634
3,120
2,636
1,421
2,375

Alaska (nonmember banks)
The Territory of Hawaii (nonmember bank)
Virgin Islands of the United
States (nonmember bank)

103

15

185

67

4

49

10

17

132

500

417

539

58

1,079

350

9

1,002

119

85

484

3,317

1,180

18

3

30

19

1

27

1

15

92

40

Total possessions (nonmember banks)

660

76

1,294

436

14

1,078

103

631

3,909

3,637

2

12

34

24,146 312,204 1,080, 740 644,094

25, 571

61,421

43,629

29,982 160,555

Total United States and
178,354
possessionsNew York City (central He13,835
serve city^
Chicago (central Eeserve city)._ 6,609
Other Reserve cities
63,472
Country
banks
(member
banks)
93,778
Possessions (nonmember banks).
660

31,625 333,143 155,654

9,182 163, 286

1,354

59,071

3
W

9

57

O
O

29,991 160,612

1,110 43,447
520 18,929
8,901 154,268

16,346
7,509
67,876

315
119
1,808

4,106
7,305
67,338

215
67
650

4.011
3,775
25,358

1,460 35,805
727 17,100
8,813 130,729

103,194 71,854
54,631 37,723
452,436 263,786

1,507
6,100
8,475

11.400
4,137
26, 500

8,056
2,662
19,488

8,281
4,266
8,756

29, 244
17,165
63,219

21,018 115,205
76
1,294

63,487
436

6,926
14

83.459
1,078

422

25,798
129

13,043 127,939
103
631

466,570 269,094
3,909
1,637

9,487
2

19,372
12

13,389
34

8,679
9

50,927
57

i Number at end of period.
* Number of full-time and part-time employees at end of period.




129

g

HI

M

O

3
3
o

TABLE NO. 12.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1947—Continued
[In thousands of dollars!
Taxes on net
income

Losses and charge-offs

Location

Maine.
New Hampshire
VermontMassachusetts
Rhode Island
Connecticut-

On
securities

All
other

296
297
128
2,587
99
474

165
164
210
3,762
381
295

100
28
37
2,151
35
392

561
489
375
8,500
515
1,161

1,950
1,923
1,426
20,035
2,138
5,129

591
532
361
4,092
783
1,466

3,881

4,977

2,743

11,601

32,601

9,084
2,383
12,205
26
654
166

15,829
697
3,609
8
128
133

._. 24,518

20,404

- _.
_-.

New York
New Jersey
Pennsylvania
Delaware
Maryland., _
District of Columbia

-

Total Eastern States

TftTiriessfie

On
loans

-

Total New England States

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

Profits
before
Total income
losses taxes
and
chargeoffs

_

Total Southern States




Federal

State

Ratios

Dividends
; Net
On common
profits
stock
before
divi- On predends ferred
Cash
Stock
stock
dividividends dends
25
1
53
200

Total
dividends

Capital
funds 1

Net
profits
before
Expenses
divito gross
dends to earnings
capital
funds
Percent
6.29
7.61
8.02
5.99
5.11
6.22

Percent
65.96
65.76
67.43
64.36
51.39
69.16

378, 785

6.13

64.87

996,208
150,986
689,356
5,360
48,789
32,827

6.94
7.42
6.44
6.04
6.80
8.49

61.43
69.86
60.45
57.57
62.78
66.14

606
448
346
8,938
905
1,906

21, 591
18,276
12, 778
245,641
24,530
55,969

609

13,149

1,622
1,499
1,226

37,320
4,902
21,684
173
2,032
1,379

40
1,224
101
183

1,359
1,391
1,025
14, 719
1,254
3,480

20

581
446
287
8,713
905
1,556

7,825

1,548

23,228

52

12,488

3,051
763
2,907
19
60
92

27,964 98,414 25,582
3,843 16, 518 5,321
18,721 59,993 15, 582
164
53
488
1,697
842 5,016
391 3,878 1,091

3,701

69,131
11,197
44,411
324
3,319
2,787

259
436
24
1
2

35,439
2,967
20,434
172
1,980
1,179

6,892

51,814 184,307

3,701 131,169

722

62,171

4,597

67,490 1,923,526

6.82

62.18

5

100
3
150
25
600
2,270
'273
150
50
1,440
855
450
170

2,818
988
938
682
2,746
3,975
2,108
513
1,361
12,011
1,672
1,662
2,516

74,519
34,377
25,363
17,839
50,847
69,311
54,184
11,139
50,811
266,961
22,939
38,073
71,332

10.27
10.12
10.50
12.38
9.90
8.82
10.31
9.90
8.45
9.88
10.75
9.54
9.84

60.30
58.35
60.05
58.90
66.10
64.40
59.06
68.71
65.86
60.48
58.26
58.36
58.87

6,536

33,990

787,695

9.85

61.17

797
397
283
151
322
1,449
183
271
691
2,665
438
742
1,803

525
290
75
84
546
244
494
133
793
4,052
209
270
775

252
70
269
51
248
230
514
92
390
1,516
156
216
217

10,192

8,490

4,221

49,437

10,447
4,947
3,893
3,164
7,263
9,006
8,150
1,410
6,308
37,460
3,397
4,880
10,347

2,791
1,468
1,229
841
2,230
2,891
2,226
307
2,013
11,093
930
1,249
3,331

22,903 110,672

32, 599

1,574
757
627
286
1,116
1,923
1.191
496
1,874
8,233
803
1,228
2,795

1
6
25

335

7,656
3,479
2,664
2,208
5,033
6,115
5,589
1,103
4,295
26,367
2,467
3,631
7,016

8
13
16
50
8
16
15

2,713
985
788
657
2,144
1,705
1,827
350
1,295
10,521
809
1,196
2,331

450

77,623

133

27,321

115

2

330

50
200

7.23
8.17
9.37
9.11
8.04
7.66
9.53
8.44

66.55
64.94
62.19
66.66
69.11
65.43
61.01
63.23

43, 555 1,263,579

8.60

64.41

875
550
225

682
399
1,965
1,553
506
279
2,026
853
3,157

10,389
10,948
46,191
42,651
11,756
8,345
43,364
8,672
78,191

12.85
14.28
10.54
10.78
8.26
10.53
10.07
17.62
10.97

59.85
59.53
61.15
59.05
61.10
61.70
59.73
59.82
56.54

8,688

2,718

11,420

260, 507

11.01

59.14

725
2,000
1,170

21

2,611
1,172
27,387
554
593
149
455

3,351
3,172
28, 611
554
643
149
476

81,920
59,696
482, 472
13,014
12,930
6,103
10,636

10.94
11.82
12.60
15.51
13. 39
15.55
11.43

64.93
60.86
62.59
59.85
56.19
60.88
71.47

82,733

90

32,921

3,945

36,956

666,771

12.41

62.75

10,143 452,098

1,369

181,754

23,437 206, 560 5, 280,863

8.56

62.63

1,653
10,424

16.70
5.57

54.53
73.76

21

327

8.56

69.70

409

12,404

7.13

70.48

182,147

23,450 206,969 5, 293,267

8.56

62.66

31,140
12, 528
80, 334
57,752
393

808,446
31,140
352,468
12,528
89,932 2,106,230
72,960 2,013,719
12,404
409

6.81
9.35
8.53
9.16
7.13

58.95
59.15
63.17
63.42
70.48

15, 213
6,884
47,494
12, 200
6,679
9,176
3,741
7,269

234
20
9
47
8
39
1

5,486
1,993
16,448
4,294
2,227
3,594
1,054
3,069

693
190
649
3,125
57
258

753 108,656

358

38,165

5,032

375
320
1,468
1,362
504
Til
1,147
303
2,932

307
75
496
190

14
15

1,934
1,531
10,676
1,319
830
1,864
490
1,751

1,038
859
5,396
1,198
392
832
341
767

1,300
745
2,443
660
160
883
411
979

4,272
3,135
18,515
3,177
1,382
3,579
1,242
3,497

21,449
10,010
62,121
15,854
8,906
13,637
5,132
9,945

6,236
3,126
14,627
3,654
2,219
3,716
1,391
2,676

1
Total Middle Western States
f North Dakota
South Dakota
1 Nebraska
"" Kansas .
**
Montana
Wyoming
Colorado
..
New Mexico
_
Oklahoma
Total Western States
Washington
Oresron
_
.______.
California
Idaho
Utah
Nevada

20,395

10,823

7,581

38,799 147,054

37,645

63
83
755
694
667
64
526
130
483

74
55
489
390
320
94
528
294
798

175
68
165
230
96
39
206
73
439

312
206
1,409
1,314
1,083
197
1,260
497
1,720

1,937
2,208
6,375
6,299
1,491
1,244
6,458
2,015
11,973

570
611
1,506
1,702
520
365
1,825
487
2,950

443

1,335
1,563
4.869
4,597
971
879
4,367
1,528
8,580

3,465

3,042

1,491

7,998

40,000

10, 536

775

28,689

1,636
1,599
3,316
357
337
33
19

2,798
384
21,484
66
19
66
681

561
131
1,688
59
39
29
88

4,995
2,114
26,488
482
395
128
788

11,111
10,210
90,052
2,802
2,576
1 324
1,798

2,148
2,351
27 295
777
779
375
499

802
1,958
7
66
83

8,963
7,057
60,799
2,018
1,731
949
1,216

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) .
..
..

7,297

25,498

2,595

35,390 119,873

34,224

2,916

69,748

73,234

1
36

58
250

7
109

66
395

387
806
40

12

28

3

5

13

37

308

116

461

1,233

348

885

3

393

13

69,785

73,542

25,639 168,966 635,740 172, 614

10,143 452,983

1,372

7,151
7,438
24,572
30, 587
37

14, 207
4,209
36,912
17,906
308

2,298
1,068
11, 645
10,512
116

371
998
3

Ohio

Indiana

Illinois
Michigan
-3 W i s c o n s i n
00

Minnesota
oo Iowa
o° ixxooutxxr
Missouri
^

.

.

.

_.

---

Arizona

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)
_

25, 523 168, 505 634,507 172, 266

23,656 77,442
12,715 42,173
73,129 253,876
59,005 261,016
461
1,233

8
745

32
34

266

54

55,021
32,957
3,829 179,753
3,566 184,367
885

50

68
320

276
581

111
225

19,673
9,216
70,294
73,083
348

4
1
1
2
2
4

60

2,748

6,413
2,203
17,106
7,466
2,292
3,891
1,055
3,129

68
320

9,227
14, 210
13

210, 274
84,305
506,887
133,880
83,066
119,794
39,268
86,105

1
Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement fund for preferred stock. Figures are averages of amounts reported for
Dec. 31,1946, June 29,1947, and Dec. 31,1947.




00

TABLE N O . 13.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. SI, 1947
[In thousands of dollars]
District District District District District District District District District District District District NonNo. 3 No. 4 No. 5 No. 6 No. 7 No. 8 No. 9 No. 10 No. 11 No. 12 member
No. 2
No. 1
Earnings from current operations:
Interest and dividends on:
U. S. Government obligations
Other securities
Interest and discount on loans
Service charges and other fees on
banks' loans ___
Service charges on deposit accounts
Other service charges, commissions,
fees, and collection and exchange
charges..
Trust department
Other current earnings
_._
Total earnings from current operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
l
Number of officers
Number 1 employees other than
of
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 other than on net income
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 redeemedRecoveries on loans
Allother
Total recoveries and profits.Losses and charge-offs:
On securities
On loans
_Allother
Total losses and charge-offs




Grand
total

34,862
4,172
37,388

112,773
19, 278
94,820

42,348
10, 651
37, 04?

52,060
12, 333
48, 563

30,178
3,438
33,095

34, 552
6,741
42, 974

109, 237
14,380
88, 584

21,206
5,042
27, 729

25, 603
2,779
22, 946

32,611
4,720
40, 50?

29,904
4,965
53,460

92,656
16, 452
177,405

2,541
169
1,811

620, 531
105,120
706,319

580
5,199

1,933
10,067

215
3,790

463
5,044

216
4,438

177
6,312

2,038
11,831

206
2,499

234
3,581

216
6,341

303
5,216

3,352
18, 695

10
329

9,943
83,342

2,127
3,906
7,674

4,749
9,739
25, 475

1,690
2,285
3,753

2,217
6,440
8,208

2,119
2,480
3,090

5,850
2,635
6,364

4,902
10, 829
13, 748

2,159
972
2,411

4,068
1,857
3,201

2,468
1,993
5,223

3,466
1,716
7,123

6,990
10, 200
14, 766

518
11
157

43,323
55,063
101,193

95, 908

278,834

101, 774

135,328

79,054

105, 605

255, 549

62, 224

64, 269

94,074

106,153

340, 516

10, 263
19,034
1,686

26, 309
61, 710
8,579

10,115
16, 845
2,208

13, 259
22, 751
2,398

8,891
13, 229
1,727

10, 909
18, 926
1,934

24, 396
51,107
3,602

7, 375
10, 288
1,697

8,027
11,456
1,697

12, 845
15, 792
2,821

13, 625
17, 824
2,577

31, 680
72,887
5,623

660
1,294
76

178,354
333,143
31,625

9,475

25,971

8,646

11,132

7,029

9,842

23,521

5,579

6,134

8,686

9,120

SO, 183

436

155,654

5,546 1, 724,834

649

1,449

1,365

823

647

569

1,050

451

461

550

576

578

14

9,182

7,841
115
2,509

19, 718
349
7,083

12, 740
100
3,490

14,154
141
8,385

7,620
77
2,809

8,583
72
4,357

26, 596
151
9,198

4,920
66
2,638

7,099
88
1,353

4,177
71
2,478

3,629
27
6,822

45,131
97
7,820

1,078

163, 286
1,354
59,071

1,646
19,864
61, 921
33, 987

3,434
55, 646
175, 698

1,872
16, 479
63,006
38, 768

2,071
22, 986
84, 570
50, 758

1,404
13,536
48, 213
30,841

1,904
21, 728
67, 048
38, 557

3,091
47, 713
163,302
92, 247

953
11, 328
38, 019
24, 205

745
12, 047
41, 276
22, 993

1,289
18, 693
55,895
38,179

1,560
20,141
64, 204
41, 949

4,074
51, 412
213, 679

1,477
3,668
2,625
1,045

3,003
15,824
10, 453
9,641

634
1,816
1,363
643
4,456

537
3,498
961
962
5,958

1,128
928
1,057
761
3,874

1,264
1,766
1,956
1,593
6,579

710
1,880
2,308
1,509
6,407

729
12,059
13, 595
2,043
28,426

25, 571
61,421
43, 629
29,991

27, 233

961
1,901
933
1,092
4,887

2
12
34
9

38, 921

3,024
4,489
1,735
3,388
12, 636

7,930
9,242
4,137
5,924

8,815

4,172
4,338
2,472
1,381
12,363

57

160, 612

3,639
4,855
2,696

11,053
16, 508
3,665
31, 226

7,443
1,370
1,937

7,755
3,597
2,586
13, 938

2,416
1,176
779
4,371

3, 254
2,641
1,621

13, 861
7,765
4,062
25,688

3,490
1,416
1,476
6,382

2,832
1,384
1,270
5,486

3,500
2,777
1,250
7,527

3,208
4,247
1,586
9,041

7,297
25,498
2,595
35,390

37
308
116
461

69,785
73, 542
25, 639
168,966

11* 190|

103,136

10, 750

7,516

126, 837

129

24,146
103
312, 204
631
3,909 1, 080, 740
644, 094
1,637

93, 792 22,710) 21,381) 37,231
49,456| 30, 926 36,999
39, 315 119,873
40,381
31, 612 110,831
Profits before income taxes
Taxes on net income:
22,882
90
,
11,163
5,967
5,957
9,926 11,699 34,224
29,136
13,253
7,481
Federal
_
_.._
11,540
4
335
12
2.916
815
697
1,509
3,740
115
State
9,153
Total
32,876
11, 540 13,253
11,498 22,886
5,967
8,990
11,711 37,140
6,772 10,623
Net profits before dividends
21, 773 25, 501 70,906
16, 743 14,609 26, 608 27, 604 82, 733
77,955 28, 841 36,203
22,622
Dividends:
230
23:
53
71
35
32
50
49
507
On preferred stock
On common stock:
8,202
5,249
8,104
12,755
14,873
12,269
10,981
37,801
8,276 24,418
5,905
32,921
Cash dividends...
3,735
3,362
1,862
3,463
304
528
1,149
1,540
2,286
3,945
Stock dividends..
777
13,471
16, 972
8,737
11, 792 28,224
12, 571 36, 956
Total dividends
41,670
7C
,
12,605
6,075 10,398
1
561
538
476
276
473
Number of banks
_
293
558
339
189
347
632
323
i, 509 1094,311 2, 828,305 762, 214 593,323 08, 575 ,283, 120 4, 004,469
1,130,791 3,443,298 916, 869 1 382,819
Loans
,
6
" " ,076,
,243, 810 7, 086, 788
2,285,167 8,494,799 2,765, 527 3, 0 4 ,908 2,076,952 2,640, 9767, 738, C'' , 581, " , 750,0612,572,098 2.
,765,
,
Securities
220L
94,379 275,245
118,271
331,201 126,691 194, 553 76,114
Capital stock (par value)
59, 801 55,022 84,855 106,215 242,308
Capital funds
- 367, 649 1,115, 925 408,261 561,281 229,075 267,261 785,427 173,339 168,570 257,114 280,190 666, 771
Ratios to gross earnings:
48.37
47.36
42.52
40.70
Interest and dividends on securities
39.10
47.58
32.85
52.08
44.16
42.18
32.04
39.68
34.
34.01
Interest and discount on loans
40.69
35.89
41.87
38.98
50.36
36.40
43.05
35.70
44.56
52.10
4.63
3.61
Service charges on deposit accounts
5.
3.73
5.42
4.91
3.72
5.61
6.74
4.02
5.49
12.34
15.02
All other current earnings
12.
14.90
7.
10.00
14.23
11.88
10.53
9.24
10.37
14.57
Total gross earnings
100.00
100.00 100.00
100.00
100.00
100.00
100.00 100.00 100.00 100.00 100.00
100.00
Salaries, wages, and fees
32.09
27.22
31.22
28.79
27.83
28.80
29.11
30.17
31.03
31.03
29.96
30.88
Interest on time deposits
7.07
10.45
8.18
9.64
12.52
8.13
3.42
7.91
4.44
11.05
10.41
13.25
All other current expenses
23.85
25.16
24.82
22.55
21.56
26.57
22.14
23. 95
23.53
24.08
18.62
Total current expenses
63.01
62.49
60. €
63.49
64.56
60.48
61.91
63.90
61.10
59.42
62.75
Net current earnings
_
_
36.10
37. 51
39.01
36.51
35.44
38.90
39.52
35.78
38.09
Ratios to loans:
2.75
3.51
3.31
4.04
4.10
3.93
3.64
Interest and discount on loans
3.87
3.13
4.46
4.43
4.17
.30
.23
.27
.13
.17
.09
.12
Recoveries on loans
.15
.18
.34
.22
.18
.43
.48
.15
.15
.26
.24
.19
Losses on loans
.27
.64
.23
.31
.33
Ratios to securities:
1.79
1.55
1.62
1.71
1.92
1.56
1.
Interest and dividends on securities
1.60
1.45
1.55
1.54
1.
.08
.04
.03
.06
.15
.02
Recoveries on securities
.10
.05
.03
.06
.01
.06
.12
.19
.09
.13
.16
.16
Profits on securities sold
.12
.07
.08
.12
.17
.05
.22
.12
.13
.12
.16
Losses on securities
.18
.14
.14
.22
.10
.27
.16
Ratios to capital stock (par value):
31.14
30.60
40.52
28.74
40.85
26.09
33. 5-1
41.79
40.48
Net current earnings
39.49
52.35
44.
23.54
22.76
28.61
18.61
27.02
19.13
25.76
Net profits before dividends
_
26.55
28.00
25.99
34.14
31.36
10.25
10.79
11.57
7.77
8.83
10.40
Cash dividends
9.93
9.63
10.39
13.62
9.56
Ratios to capital funds:
9.24
9.04
9.24
9.50
13.46
14.43
11.74
Net current earnings
13.64
14.85
13.96
19.02
14.97
6.99
6.45
6.15
7.06
9.50
9.54
9.03
Net profits before dividends
_
_
8.67
9.66
10.35
9.85
12.41
2.69
3.35
3.43
3.18
3.58
3.12
3.12
Cash dividends
3.14
3.43
3.16
3.94
4.95

1, 233

635, 740

348

172,614
10,143

348
885

182,757
452,983
1,372

393
182,147
13
23,450
409 206,969
6
5,011
45,474 19,200,077
170,146 45, 010,480
>
,
4,550 1,769,205
12,404 5,293,267
48.87
32.65
5.93
12.55
100. 00
35.48
19.44
15.56
70.48
29.52

42.07
40.95
4.83
12.15
100.00
30.19
9.47
23.00

3.98
.07

3.68
.23

1.59
.00
.01
.02

1.61
.06
.14
.16

35.98
19.45
8.70

36.41
25.60
10.37

13.20
7.13
3.19

12.17
8.56
3.47

37.34

i Number at end of year. Remainingfiguresinclude earnings, expenses, etc., of those banks which reported for thefirsthalf of the year but were inactive at the close of the year.
NOTE.—Thefiguresof loans, securities, capital stock, and capital funds are averages of amounts reported for Dec. 31,1946, June 30,1947, and Dec. 31,1947.



TABLE NO. 14.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. SI, 1947
TOTAL U N I T E D STATES AND POSSESSIONS
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31,1947 of—
$500,000 $500,001 $750,001 $1,000,001 $2,000,001 $5,000,001 $10,000,001 $25,000, 001 $50,000,001 $100,000,001 $500, 000, 001
to
and
to
and
to
to
Total
to
to
to
to
to
under $750,000 $1,000,000 $2,000,000 $5,000,000 $10, 000, 000 $25,000,000 $50,000,000 $100, 000, 000 $500,000,000 over
Number of banks
Total deposits. _ _
Capital stock, par value,.
Capital funds
Earnings from current operations:
Interest and dividends on:
U . S . Government obligations
Other securities.
Interest and discount on loans
Service charges and other fees on banks'
loans
Service charges on deposit accounts
Other service charges, commissions, fees
and collection and exchange charges
Trust department
Other current earnings
Total earnings from current operations...
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers. _
Fees paid to directors and members of executive, discount, and advisory commit-

39
15,381
1,332
2,372

62,092
3,212
6,463

104
28
306

524
96
964

1,387
275
1,950

11, 649
2,167
16, 224

53,675
10,199
63,034

58,855
11, 217
67,835

73, 710
12, 798
78, 660

51, 225
8,367
54,151

46, 764
6,328
50,185

128,621
16, 229
144, 881

191,987
37,006
226,055

4
25

100

8
254

90
2,056

404
9,023

492
10,329

607
13,048

600
9,265

686
6,911

1,123
13, 510

5,916
18, 502

158
2
106

1,510
25
999

5,430
601
4,437

5,133
1,677
5,925

5,664
4,706
9,648

3,642
3,638
7,850

3,318
5,141

9,337
16, 718
20,167

8,862
22,359
42, 603

43,147
54,893
100,-658

4,140

34,720

146, 803

161, 463

198,841

138, 738

128,199

350,586

553,290

1, 719,115

881
331

3,226

22,977
17,317

21,388
23,373

23,081
34,611

14, 726
27,455

13,032
26,042

31,856
76,468

42, 511
123,057

177,627
332,047

22
26
14

97

71
43

529
156
37

420
130

177
192
1,867
958
567
155,454 1,343,738 6, 087, 769 6, 753,981 8,612, 201 6, 488,843
6,920
42,507
148, 761
187, 049
128,134
146,208
14,876
108,854 426, 489
548, 857
371,068
444, 795

95
4,983
16
6, 357,620 18, 748, 775 27,420,850 82, 046, 704
610,184 1, 774,099
121,310
378, 482
373, 401 1,128,077 1, 981, 991 5,407, 243

31

60

527

2,045

1,752

1,627

768

610

637

9,157

141
4
62

404
2
130

18
1,107

17,441
80
5,108

19, 598
110
5,518

23, 599
72
7,086

13, 736
97
4,813

11, 291
155
4,766

25, 256
435
14,343

47,420
380
15, 827

162,606
1,353
58, 781

34
318

79
695

666
5,655

2,647
23,049

2,717
26, 952

3,448
35, 289

2,247
27,471

2,322

100

4, 930
72,253

4,934
92, 749

24,033
310,839

Total current operating expenses.

352

1,140

2,582

21,496

90, 664

101,408

128, 813

91,313

84, 526

226, 634

327, 515 1,076,443

Net earnings from current operations.._

177

1,558

13,224

56,139

60, 055

70,028

47, 425

43,673

123, 952

225, 775

Interest on time deposits (including savings deposits)
Interest and discount on borrowed moneyTaxes other than on net income
Recurring depreciation on banking house,
furniture and
fixtures
_
Other current operating expenses




1,093

618, 501
104, 710
704, 245

642,672

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
. __ _ _
Allother
_
Total losses and charge-offs
Profits before income taxes
Taxes on net income:
Federal.
_
_
.
State
.-_
Total
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 operations
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
Number of officers at end of period
Number of employees other than officers at end
of period .

1
9
11
2

9
46
55
30

35
79
108
18

381
709
,678
347

1,738
3,420
2,519
1,516

2,723
4,269
2,955
2,174

2,243
5,588
3,613
2,241

1,741
3,387
2,703
1,983

1,553
3,944
1,822
1,915

4,111
11,136
5,344
4,249

10,306
28, 590
23,770
15, 262

24,841
61,177
43, 578
29, 737

23

140

240

2,115

9,193

12,121

• 13,685

9,814

9,234

24, 840

77, 928

159,333

3
22
7

49
71
13

102
134
34,

948
902
376

5,367
3,347
1,856

7,391
4,165
2,355

8,202
4,074
2,960

5,882
3,423
2,598

5,912
3,269
2,958

11,167
12, 523
6,361

23, 974
41, 472
6,012

68, 997
73,402
25, 530

32

133

270

2,226

10, 570

13, 911

15,236

11, 903

12,139

30,051

71, 458

167,929

168

673

1,528

13,113

54, 762

58, 265

68, 477

45, 336

40, 768

118, 741

232, 245

634, 076

32
2

114
7

246
19

2,321
184

12, 286
646

17,098
740

21,339
986

13,610
474

13,173
494

34,007
1,800

57,898
4,790

172,124
10,142

34

121

265

2,505

12, 932

17,838

22,325

14,084

13, 667

35, 807

62,688

182, 266

134

552

1,263

10, 608

41, 830

40,427

46,152

31, 252

27,101

82, 934

169, 557

451, 810

3

4

24

141

140

326

82

306

340

54
2

164
13

380
33

2,914
300

11, 760
1,829

12,469
2,962

15,158
3,414

10,137
3,750

9,881
2,960

36,345
3,487

82, 629
4,500

181,891
23,250

56

180

417

3,238

13, 730

15, 571

18, 898

13, 969

13,147

40,172

87,129

206, 507

14
9
5
3

19
12
7
6

23
14
9
7

39
24
15
12

79
49
30
22

169
106
63
42

351
227
124
81

723
476
247
163

1,440
950
490
305

3,690
2,386
1,304
873

34, 581
20,470
14, 111
10, 597

345
216
129
91

$1.15
.87

$1.07
.89

$1.00
.81

$0.98
.79

$0.92
.69

$0.89
.60

$0.81
.54

$0.73
.48

$0.69
.43

$0.66
.44

$0.82
.62

$0.78
.55

7.46
5.65
2.28

10.30
8.54
2.58

10.47
8.49
2.58

12.15
9.74
2.70

13.16
9.81
2.79

13.50
9.09
2.83

12.76
8.41
2.82

12.78
8.42
2.75

11.70
7.26
2.73

10.99
7.35
3.25

11.39
8.55
4.17

11.89
8.36
3.39

87

202

391

2,394

6,521

4,727

3,995

2,132

1,773

3,730

5,552

31, 504

43

141

321

2,571

11,107

13, 056

18,102

13, 807

12, 912

34, 786

48, 278

155,124

NOTE.—The deposits, capital stock, and capital funds shown in this table are as of end of period.
undivided profits, reserves and retirement fund for preferred stock.




1,366

Capital funds represents the aggregate book value of capital stock, surplus,

CO

REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 15.—Earnings, expenses, and dividends of national banks, years ended
Dec. 81, 1945 to 1947
[In thousands of dollars. Figures for previous years, beginning 1917, published in reports for 1938, p. 100;
1940, p. 17; 1942, p. 34; 1943, p. 30, and 1946, p. 98]
1945

Number of banks *
Capital stock,par value2
fJapital fiintfs 2

Earnings from current operations:
Interest and dividends on:
U. S. Government obligations
Other securities
Interest and discount on loans
Service charges and oiher 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.
1

1946

1947

5,023

5,013

5,011

1,616,884
4,467,718

1,699,833
4,893,038

1,769,205
5,293,267

Amount Percent Amount Percent
to total
to total

Amount Percent
to total

651,592
92,992
374,117

48.29
6.89
27.73

701,612
102,614
507,212

44.59
6.52
32.23

620,531
105,120
706,319

35.98
6.09
40.95

9,511
61,204

.71
4.54

7,707
69,387

.49
4.41

9,943
83.342

.58
4.83

43,323
2.87
55,063
3.20
5.69 101,193
100.00 1,724,834

2,51
3.19
5.87
100.00

42,826
40,761
76,219
1,349,222

135,377
229,412
27,819
Number officers
Number of employees other than officers l . 181, 682

3.17
45,059
3.02
50,399
5.65
89,524
100.00 1,573,514
16.58
28.09

158,789
284,834
29,690
147,617

16.69
29.93

178,354
333,143
81, 625
155, 654

16.50
30.82

Fees paid to directors and members of execu.86
9,182
8,206
.88
.85
tive, discount, and advisory committees. _ 7,206
Interest on time deposits (including savings
124,567
15.25 144,514
15.19 163,286
15.11
deposits)
.16
1,101
.12
.13
1,354
Interest and discount on borrowed money- _ 1,325
6.72
5.71
54,319
54,886
5.47
59,071
Taxes other than on net income
Recurring depreciation on banking house,
2.44
2.88' 23,265
24,146
2.23
furniture, and fixtures _
- 23,468
29.44 276,544
29.06 312,204
28.89
Other current operating expenses - 240,447
816,688
100.00 951,572 • 100.00 1,080,740
100.00
Total current operating expenses. -.
..
532,534
621,942
644,094
Net earnings from current operations
Recoveries and profits:
20,82
54,153
33,816
15.75
15.92
25, 571
Recoveries on securities
54,51 110, 518
141,803
51.49
38.24
61,421
Profits on securities sold or redeemed,
14.37
37,392
41,313
19.25
27.17
43,629
Recoveries on loans
10.30
26, 784
29,010
13.51 29, 991
18.67
All other
_
_
100.00
Total recoveries and profits
- 260,132 100.00 214,657 100.00 160,612
Losses and charge-offs:
47.92
56.55
74,620
74,627
69,785
41.30
On securities...
28.59
22.47 44,520
43.53
29,652
73,542
On loans
23.49
20.98
36,569
15.17
27,688
25,639
Allother
131,967
100.00 155, 709 100.00 168,966
100.00
Total losses and charge-offs
660,699
680,890
635,740
Profits before income taxes
Taxes on net income:
174,454
159,374
172,614
Federal
11,192
11,538
10,143
State...
185,992
170,566
182,757
Total taxes on net income
,
494,898
452,983
490,133
Net profits before dividends
_
Dividends:
On preferred stock__
4,131
1,372
2,427
On common stock:
167,702
Cash dividends
182,147
151,525 : : :
Stock dividends
28,165
77,308
23,450
232,964
198,294
Total dividends—
206,969
Percent
Ratios to gross earnings:
Percent
Percent
Salaries, wages, and fees
27.57
28.71
30.19
Interest on time deposits
9.23
9.47
9.18
23,00
23.73
All other current expenses
22.58
60.53
62.66
Total current expenses
60.47
Net current earnings ._
__
37.34
39.47
39.53
Ratio of cash dividends to capital stock (par
value) _ _
9.63
10.37
10 01
3.48
3.47
3.48
Ratio of cash dividends to capital funds
1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which
reported for the first half of the year but were inactive at the close of the year.
3
Figures are averages of amounts reported for the June and December call dates in the current year and
the December call date in the previous year.




TABLE N O . 16.—Number of national banks, capital stock, capital funds, net profits, dividends, and ratios, years ended Dec. SI, 1929-1)7
[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
1944
1945
1946
1947

7,408
7,038
6,373
6,016
3 5,159
3 5,467
5,392
5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046
5,031
_ 5,023
5,013
5,011

Preferred

Common

Total

Ratios

Dividends
Capital
funds»

Net
profits
before
dividends

On preferred
stock

On common
stock
Cash

Stock

Net profits before
Cash divi- Cash dividividends
dends on dends on Total cash
common dividends
preferred
stock to to capital
stock to
To capital To capital
funds
common
preferred
funds
stock
capital
capital
Percent

92,469
349,470
510,511
447,501
305,842
267,495
241,075
204,244
182,056
156,739
135,713
110,597
80,672
53,202
32,529

1

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
1,440, 519
1, 536,212
1,646,631
1,736,676

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
1,551,116
1,616,884
1,699,833
1,769,205

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
4,314,972
4,467,718
4,893,038
5,293,267

Averages of amounts from reports of condition made in each year.
' Deficit.
* Licensed banks, i. e., those operating on an unrestricted basis.




291,944
158,411
2 54, 550
2164,737
2 286,116
2153,451
158,491
313,826
228,021
198,649
25J, 576
241,465
269, 295
243,343
350, 457
411, 844
490,133
494,898
452,983

558
10,103
18, 862
18,166
11,532
9,378
8,911
8,175
7,816
6,683
6,158
5,296
4,131
2,427
1,372

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
325,357
139,012
151,525
167, 702
182,147

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
33,900
77,308
28,165
23,450

.60
2.89
3.69
4.06
3.77
3.51
3.70
4.00
4.29
4.26
4.54
4.79
5.12
4.56
4.22

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
9.65
9.86
10.18
10.49

Percent
6.04
5.39
5.15
4.07
2.40
3.05
3.67
3.82
3.80
3.74
3.88
4.85
3.69
3.47
3.41
3.51
3.48
3.48
3.47

Percent
17.69
9.19
«3.25
210.32
217.88
2 8.98
8.85
18.39
14.32
12.59
16.11
15.76
17.68
16.10
23.24
26.55
30.31
29.11
25.60

Percent
7.78
4.04
2 1.45
2 4.96
2 9.60
2 5.15
5.14
9.98
7.11
6.05
7.44
6.97
7.49
6.60
9.08
10.01
10.97
10.11
8.56

W
O
o

§

o
0
o

CO
CO

100

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 17.—Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years 1928-47
[In thousands of dollars]

Total loans
end of year

Year

1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1915
1946
1947

-.

_

15,291,269
15,160,227
14,369, 427
11.926,828
9, 847,724
8,104, 209
7,491,967
7,508,784
8,271,210
8,813,547
8,489,120
9,043. 632
10,027.773
11, 751, 792
10, 200,798
10,133,532
11,497,802
13,948,042
17,309.767
21,480,457

Losses and
charge-offs

Recoveries

18,469
16,675
16,124
16,679
17,490
18,851
32,045
47,375
69,658
50,342
32,152
39,927
36,751
43, 658
40, 659
52,900
50,348
37,392
41,313
43,629

88,113
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
41,039
29,652
44,520
73,542

Net losses
or recoveries ( + )

69.644
77,045
119,170
196,091
244,077
286,383
267,144
112,746
84,956
21,502
48,138
27, 244
21, 498
8,331
2,475
+9,799
+9,309
+7,740
3,207
29,913

Ratio of
losses (or recoveries + )
to loans
Percent
0.46
.51
.83
1.64
2.48
3.53
3.57
1.50
1.03
.24
.57
.30
.21
.07
.02
+.10
+.08
+.06
.02
.14
.69

Average for 1928-47

TABLE NO. 18.—Total securities of national banks, losses and recoveries on securities,
and ratio of net losses or recoveries to securities, by calendar years 1928-47
[In thousands of dollars]

Year

1928
1929
1930
1931
1932
1933.._
1934
1935
1936
1937.
1938
1939
1940
1941
1942
1943
1944...
1945
1946
1947.-

Total securities end of
year

7,127,318
6,457,843
7,092,066
7,201,425
7,583,436
7,870,772
10,455,932
11,477,536
12.780,044
11,763,004
12,459,193
12,811,576
13,668,040
15,887,508
27,482, 788
37, 504,253
47,022,329
55,611,609
46, 642.816
44,009,966

Average for 1928-47
1

Includes profits on securities sold.




Losses and
charge-offs

34,500
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
67,574
74,627
74,620
69,785

Recoveries

8,365
8,485
6,801
9,924
29,393
i 51,050
i 120,096
1 180,545
120,534
33,777
33,453
33,631
40,993
48,157
36,170
59,652
50,302
54,153
33,816
25,571

Net losses or
recoveries

(+)

26,135
54,905
64, 598
174,381
155,404
193,874
86,644
+64,236
+28,770
58,566
81,828
75,747
66,967
43,977
37,083
6,356
17,272
20,474
40,804
44,214

Ratio of
losses (or
recoveries
+ ) to securities
Percent
0.37
.85
.91
2.42
2.05
2.46
.83
+.56
+.23
.50
.66
.59
.49
.28
.13
.02
.04
.04
.09
.10
.29

REPORT OF THE COMPTROLLER OF THE CURRENCY

101

TABLE NO. 19.—Foreign branches of American national banks, Dec. 31, 1947
BANK OP AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, SAN FRANCISCO, CALIF.:

NATIONAL CITY BANK OF N E W YORK, N. Y.—Con

Canal Zone:
Balboa.
Cristobal.
Chile:
Santiago.
Valparaiso.
China:
QVionffhoi
onangnai.
FIRST NATIONAL BANK OF BOSTON, MASS.:
Tientsin.
Colombia:
Argentina:
Avellaneda.
Barranquilla.
Buenos Aires.
Bogota.
Buenos Aires (Alsina).
Medellin.
Buenos Aires (Constitution).
Cuba:
Buenos Aires (Once).
Caibarien.
Rosario.
Cardenas.
Brazil:
Havana.
Rio de Janeiro.
Havana (Cuatro Caminos).
Havana (Galiano).
Cuba:
Havana (La Lonja).
Cienfuegos.
Manzanillo.
Havana.
Matanzas.
Havana (Avenida de Italia).
Santiago de Cuba.
Havana (Avenida Maximo Gomez).
Sancti Spiritus.
England:
Santiago de Cuba.
London.
London (West End).
CHASE NATIONAL BANK OF N E W YORK, N. Y.:
Hong Kong:
Canal Zone:
Hong Kong.
Balboa.
India:
Cristobal.
Bombay*.
Cuba:
Calcutta.
Havana.
Japan:
England:
Osaka.
London (Berkley Square).
Tokyo.
London (Bush House, Aldwych).
Mexico:
London (Lombard).
Mexico City.
Germany:
Panama:
Frankfurt am Main.
Panama City.
Stuttgart.
Peru:
Japan:
Lima.
Tokyo.
Philippines:
Panama:
Cebu.
Colon.
Clark Field.
Panama City.
Manila.
Puerto Rico:
Puerto Rico:
San Juan.
Arecibo.
Bayamon.
NATIONAL CITY BANK OF N E W YORK, N. Y.:
Caguas.
Argentina:
Mayaguez.
Buenos Aires.
Ponce.
Buenos Aires (Flores).
San Juan.
Buenos Aires (Plaza Once).
Singapore:
Rosario.
Singapore.
Brazil:
Uruguay:
Pernambuco.
Montevideo.
Rio de Janeiro.
Santos.
Venezuela:
Sao Paulo.
Caracas.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec. 31,
1947, appears in the following table.
England:
London.
Japan:
Tokyo.
Philippines:
Manila.




102

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 20.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 81, 1947
(In thousands of dollars]
Number of branches

_

76

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
1
Total assets—

369, 708
155, 983
167, 623
258, 786
222, 603
5, 227
27, 799
15, 131
1, 222, 860

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.)

626, 718
133, 884
144, 313
40, 316
91,726
30, 519

Total deposits—
1, 067, 476
Due to home office and branches
46, 680
Bills payable and rediscounts
55, 501
Acceptances executed by or for account of reporting branches and
outstanding
28, 458
Other liabilities
20, 774
Total liabilities

1, 218, 889
CAPITAL ACCOUNTS

Undivided profits, including reserve accounts
Total liabilities and capital accounts
NOTE.—For location of foreign branches see preceding|table>.




3, 971
1, 222, 860

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

103

TABLE NO. 21.—Assets and liabilities of banks in the District of Columbia, by classes^
Dec. 81, 1947
[In thousands of dollars]
Total all
banks
Number of banks..

National
banks

19

Nonnational
banks
10

ASSETS

Loans and discounts:
Commercial and industrial loans (including open-market paper).
Loans to farmers directly guaranteed by the Commodity Credit
Corporation
_
Other loans to farmers
_.
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 far]
Secured by other properties.
Other loans to individuals ((
(consumer loans).
Loans to banks.
All other loans..
Overdrafts

89,131

63,211

21
774
5,452

21
496

278

4,309

1,143

55,150
39
12,387
42

78
21,545
11,816
23,501
39
6,947
26

28
31,639
14,653
31,649

242,755

131,989

110,766

7,313
40,088

3,821
67,088
26,528

3,492
13,761
13,560

16,487
117,594
191, 593
34,403
17, 526

8,245
52,060
120, 573
17,350
4,680

8,242
65,534
71,020
17,053
12,846

Total
_.
Obligations guaranteed by U. S. Government (Federal Housing
Administration debentures)

505,853

300,345

205, 508

Total
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank

Total loans and discountsSecurities:
U. S. Government obligations, direct and guaranteed:
Direct obligations:
Treasury bills.._
Treasury certificates of indebtedness
Treasury notes
Savings bonds, investment series A-1965 bonds, and
depositary bonds. _
Other bonds maturing in 5 years or less
Other bonds maturing in 5 to 10 years
Other bonds maturing in 10 to 20 years
Bonds maturing after 20 years

Total securities.
Cash, balances with other banks, including reserve balances, and
cash items in process of collection:
Cash items in process of collection, including exchanges for clearing house
.
Demand balances with banks in the United States (except private banks and American branches of foreign banks)
Other balances with banks in United States
Balances with banks in foreign countries
Currency and coin..
Reserve with Federal Reserve bank and approved reserve
agencies
„
___

106
53,184

Total assets..




5,440
16

21

7

505,881
2,233
37, 272
1,718

300,366
1,446
25,103
790

205,515
787
12,169
928

547,104

327,705

219,399

39,642

24,408

15,234

59,837
18
31
21,446

27,949
1
21
13,595

31,888
17
10
7,851

167,592

104,370

63,222

170,344

118,222

6,430
119

7,554
210

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.
Interest, commissions, rent, and other income earned or accrued but
not collected
_
Other assets

25,920

13,984
329

1,400

1,400
1,176
1,294

426
711

750
583

637,724

458,884

104

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 21.—Assets and liabilities of banks in the District of Columbia, by classes,

Dec. 31, 1947—Continued
[In thousands of dollars]
Total all
banks

National
banks

Nonnational banks

LIABILITIES

Demand deposits:
Individuals, partnerships, and corporations
U. S. Government
States and political subdivisions. . . . . .
Banks in United States
Banks in foreign countries
Certified and cashiers' checks (including dividend checks),
letters of credit and travelers' checks sold for cash, and amounts
due to Federal Reserve bank and agents (transit account)

721,733
12,931
146
44,079
3,492-

433,250
7,492
139
38,332
3,422

288,483
5,439
7
5,747
70

Time deposits:
Individuals, partnerships, and corporations
U. S. Government
Postal savings
_..
Banks in United States

_
_

Total time deposits

18,013

11,170

6.843

800,394

Total demand deposits

493,805

306,589

221,980
1,500
25

106,909
500
25

115,071
1,000

223,505

Bills payable, rediscounts, and other liabilities for borrowed money. _
Interest, discount, rent, and other income collected but not earned—
Interest, taxes, and other expenses accrued and unpaid..
Other liabilities
.Total liabilities

116,071

601,239

422,660

872
2,250
2,620

254
1,299
1,011

618
951
1,609

603,803

425,838

20,900
31,750
10,975
3,342

_

107,434

1,023,899

1,029,641

Total deposits

11,300
14,700
6,493
1,428

9,600
17,050
4,482
1,914

CAPITAL ACCOUNTS

Capital stock (see memoranda below)..
Surplus..
Undivided profits
Reserves
Total capital accounts

_. _

66,967

33,921

33,046

1,096,608

Total liabilities and capital accounts

637,724

458,884

20,900

11,300

9,600

62,332

25,313

37,019

MEMORANDA

Par value of common capital stock

_

__

Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase) . ._




REPORT OF THE COMPTROLLER OP THE CURRENCY

105

TABLE N O . 22.—Assets and liabilities of all banks in District of Columbia at date of

each call during year ended Dec. 31, 1947
[In thousands of dollars]
June 30,
1947

Oct. 6,
1947

Dec. 31,
1947

19 banks

19 banks

19 b a n k s

ASSETS

Loans and discounts (including overdrafts)
_.
_.
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government—
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank...
Reserve with Federal Reserve bank and approved reserve agenciesCurrency and coin
Balances with other banks, and cash items in process of collection..
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Income earned or accrued but not collected
Other assets

228,723

1,450
1,335
1,272

1,450
1,367
2,781

1,088,036

Total assets

213,892
550,902
28
1.624
41,330
1,723
163,814
20,322
76, 288
13,823
233

1,100,030

534,003

2,118
38, 779
1,728
173,641
21,553
79,808
13,832
247

242,755
505,853
28
2,233
37, 272
1,718
167, 592
21,446
99, 528
13,984
329
1,400
1,176
1,294

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
_.
Other deposits (certified and cashiers' checks, etc.)
_
_
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money..
Income collected but not earned
_.
Expenses accrued and unpaid...
Other liabilities
._.

710,642
704,428
226,939
225,976
25
25
14,796
24,302
62
44
44,340
45, 779
18, 214
27,931
1,015,018 1,028,485
787,051>
800,98J,.
ffl, 501

721,733
221,980
25
14,431
146
47,571
18,013

1,023,899
800,394
223, 505

730
2,077
2,264

872
2,250
2,620

1,022,235

Total liabilities

500
634
2,355
3,728

1,033,556

1,029,641

20,900
31, 525
10,610
2,766

20,900
31,625
10,974
2,975

20,900
31,750
10,975
3,342

CAPITAL ACCOUNTS

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

65,801

66,474

66,967

1,088,036

1,100,030

1,096,608

72,481

68, 572

62,332

MEMORANDUM

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




106

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

TABLE NO. 23.—Assets and liabilities of nonnational banks in District of Columbia
at date of each call during year ended Dec. 31, 1947
[In thousands of dollars]
June 30,
1947

Dec. 31,
1947

10 banks

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
.
Obligations of States and political subdivisions
__
_
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank
Reserve with Federal Reserve bank and approved reserve agenciesCurrency and coin
_
-__
-._
___
Balances with other banks, and cash items in process of collectionBank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Income earned or accrued but not collected
_
Other assets-

Oct. 6,
1947
10 banks

10 banks

98,914
217,730
7
494
14,847

110,766
205,508
7
787
12,169
928
63,222
7,851
47,149
7,554
210

1,450
786

1,450
689
847

1,400
750
583

441,000

Total assets...

105,733
220,738
697
12,659
937
63,780
8,638
26,164
7,574
203

450,109

458,884

270,552
117,611
10,108
6
3,091

272,190
117,290
12,393

288,483
115,071
6,439
7
5,817
6,843
422,660

934

63,310
7,953

26,299
7,588
203

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government.
_
_
__
__..
Deposits of States and political subdivisions
Deposits of banks
_
Other deposits (certified and cashiers' checks, etc.)
Total deposits
_
_
Demand deposits
Time deposits
_
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
_
Expenses accrued and unpaid
.__
Other liabilities
-

5,237
7,220
414,837
296,047
118,290

434
942
1,766

512
789
1,549

618
951
1,6

408,446

417,187

425,838

9,600
16,950
4,501
1,503

Total liabilities.

405,304
286,693
118,611

9,600
17,050
4,712
1,560

17,050
4,482
1,914

32,554

32,922

S06,589

116,071

CAPITAL ACCOUNTS

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

-__

9,600

33,046

441,000

458,884

36,040

37,019

MEMORANDUM

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




REPORT OF T H E COMPTROLLER OF T H E CURRENCY

107

TABLE N O . 24.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 81, 1947 and 1940
[In thousands of dollars]
Years endecI Dec. 31—
Total
1947

1946

Nationa banks
1947

1946

Nonnational
banks
1947

1946

19
9
9
20
10
11
Number of banks *._
20,750 19,783 11,067 10,000
9,683
9,783
Capital stock 2
65,468 61,601 32,828 29,798 32,640
Capital funds 2
_
31,803
Earnings from current operations:
Interest and dividends on:
5,526 3,529
8,310
9,305 4,781
U. S. Government obligations
3,779
852
299
455
608
397
Other securities
309
7,745 5,694 3,951
2,925 3,794
Interest and discount on loans
2,769
12
15
31
23
16
Service charges and other fees on banks' loans
11
784
657
1,423
876
Service charges on deposit accounts
766
1,660
Other service charges, commissions, fees, and col174
626
190
452
600
lection and exchange charges
410
457
1,350
1,329
450
900
872
Trust department
374
389
1,186
1,143
797
769
Other current earnings
21,760 20,125 10,941 10,440 10,819
9,685
Total earnings from current operations
Current operating expenses:
Salaries and wages:
2,391
1,202
1,120
1,189
2,198
1,078
Officers
—
2,213
2,902
2,518
5,420 4,639
2,426
Employees other than officers
161
165
820
168
165
824
Number of officers *
~
2,545
1,107
2,411 1,141
1,804
Number of employees other than officers 1
1,404
Fees paid to directors and members of executive,
113
167
85
198
87
discount, and advisory committees
80
Interest on time deposits (including savings de683
1,547
694
853
1,508
825
posits)
1
4
8
2
4
1
Interest and discount on borrowed money-473
1,167
621
1,112
546
639
Taxes other than on net income
Recurring depreciation on banking house, furni162
425
391
178
247
229
ture and fixtures
3,958 3,515
1,981
1,711
1,977
1,804
Other current operating expenses__
15,114 13,532
7,236 6,450
7,878
7,082
Total current operating expenses
6,646
6,593 3,705 3,990
2,941
2,603
Net earnings from current operations
Recoveries and profits:
83
76
67
125
16
49
Recoveries on securities
479
268
211
976
489
Profits on securities sold or redeemed
_. _ _
487
529
299
211
483
230
272
Recoveries on loans
121
179
36
71
50
143
Allother
_
1,212
1,763
564
648
810
953
Total recoveries and profits
Losses and charge-offs:
347
205
166
97
181
108
On securities
62
303
184
133
On loans. ,
170
122
366
92
97
274
206
109
All other
1,016
391
256
595
625
339
Total losses and charge-offs
6,842
2,964
3,878 4,544
7,761
3,217
Profits before income taxes
1,091
1,278
760
1,045
Taxes on net income: Federal
_ 1,851 2,323
4,991
2,204
2,172
5,438 2,787 3,266
Net profits before dividends. _
Dividends:
1,902
1,019
884
2,198
1,179
1,018
Cash. . .
1,000
1,000
200
Stock
_
200
1,379 2,018
1,019
884
Total dividends
_
2,398 2,902
Percent Percent Percent Percent Percent Percent
Ratios to gross earnings:
36.81 34.80 35.04
32.76
38.60
37.00
Salaries, wages, and fees_
- -»
7.49
6.54
7.89
8.52
7.11
6.34
Interest on time deposits
22.48
26.33
25.54
24.95 24.76
27.60
All other current expenses
73.12
61.78
72.82
69.46 67.24
66.14
Total current expenses
38.22
26.88
30.54
32.76 33.86
27.18
Net current earnings
Ratio of cash dividends to capital stock
10.18
10.52
9.04
10.59
9.61
10.65
Ratio of cash dividends to capital funds
3.09
3.42
3.12
3.36
3.59
2.78
1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which
reported for the first half of the year but were inactive at the close of the year.
* Figures are averages of amounts reported for the June and December call dates in the current year
and the December call date in the previous year.




TABLE N O . 25.—Number of banks, capital stock, capital funds, net profits, interest and dividends, and ratios, all banks in the District of Columbia,
years ended Dec. 31,
[In thousands of dollars.
Capital^

Number of
banks

1929
1930
._.
1931
1932
1933
1934
1935
1936
1937
1938
-. _
1939
1940 - . .
1941
1942 . .
1943
1944
1945—
1946
1947

41
39
39
34
21
22
22
22
22
22
22
22
22
22
22
21
21
20
19

Capital
notes
and
debentures

300
1,340
1,790
1,536
1,419
1,303
1,295
999
604
454
400
123

Preferred
stock
(par
value)

1,575
1,650
1,650
1,554
1,355
1,208
1,288
1,130
969
794
317
34

Eatios

Interest and dividends

Common
stock
(par
value)

Total

24,868
24,008
23,328
23,072
19,216
18,345
18,235
18,243
18,250
18,060
17,300
17,338
17,490
17,669
17,768
17,616
17,833
19,783
20,750

24,868
24,008
23,328
23,072
19,516
21,260
21,675
21,429
21,223
20,718
19,803
19,625
19,224
19,092
18,962
18,056
17,867
19,783
20,750

Capital
funds l

52,733
52,638
52,066
50,062
41,119
39,849
40,843
42,263
44,365
45,481
46,966
48,191
49, 499
50,425
51,447
52,301
55,255
61,601
65,468

1 Averages of amounts from reports of condition made in each year.
2 Deficit.




1929-tf

Figures for previous years published in report for 1940, p . 200]

Net
profits
before
dividends

4,374
2,983
1,514
2 1,218
2 2,186
2 416
2,501
3,744
2,966
2,480
3,455
2,986
3,283
2,436
2,468
3,573
5,485
5,438
4,991

On common
stock
On
capital
notes
and
debentures

31
77
58
47
41
40
28
24
11
17
6

On
preferred
stock

34
68
68
59
50
47
56
42
38
31
16
1

Cash

2,797
2,755
2,648
2,278
1 006
901
996
1,083
1,194
1,248
1,379
1,416
1,442
1,439
1,432
1,557
1,610
1,902
2,198

Stock

Cash
Interest
divion capital notes dends
and de- on preferred
benstock
tures to
to
capital
prenotes
and de- ferred
bentures capital

40

50
300
25
125
50
350
1,000
200

2.31
4.30
3.78
3.31
3.15
3.09
2.80
3.97
2.42
4.25
4.88

2.16
4.12
4.12
3.80
3.69
3.89
4.35
3.72
3.92
3.90
5.05
2.94

Cash
Total
diviinterest
dends
and
on comcash
mon
divistock
dends
to
to
comcapimon
tal
capital
funds
11.25
11.48
11.35
9.87
5.24
4.91
5.46
5.94
6.54
6.91
7.97
8.17
8.24
8.14
8.06
8.84
9.03
9.61
10.59

5.30
5.23
4.09
4.55
2.45
2.42
2.79
2.86
2.93
2.94
3.12
3.11
3.05
2.95
2.88
3.02
2.92
3.09
3.36

Net profits before dividends

To
capital

17.59
12.43
6.49
2 5.28
2 11.20
2 1.96
11.54
17.47
13.98
11.97
17.45
15.22
17.08
12.76
13.02
19.79
30.70
27. 49
24.05

To
capital
funds

8.29
5.67
2.91
2 2.43
2 5.32
2 1.04
6.12
8.86
6.69
5.45
7.36
6.20
6.63
4.83
4.80
6.83
9.93
8.83
7.62

S

•
W

o

a
d

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

109

TABLE N O . 26.—Total loans of banks in the District of Columbia, losses and recoveries
on loans, and ratio of net losses or recoveries to loans, by calendar years 1928-47
ALL BANKS
[In thousands of dollars]
Total loans
end of
year

Year

1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

_.
. -

190,827
184,672
167,627
151,496
127,102
89,108
84, 365
86,825
95, 234
103, 831
99, 813
112, 470
128, 221
144, 649
118, 524
106, 789
110,479
125, 302
175, 340
242, 755

Losses and
charge-offs

Kecoveries

486
663
756
1,338
1,209
2,255
2,847
1,142
946
347
416
257
371
332
225
237
600
195
184
303

102
64
119
184
75
123
137
346
398
372
201
137
193
277
351
297
434
300
483
529

Net losses
or recoveries (+)
384
599
637
1,154
1,134
2,132
2,710
796
548
+25
215
120
178
55
+126
+60
166
+105
+299
+226

Average for 1928-47

Ratio of losses
(or recoveries + )
to loans
Percent
0.20
.32
.38
.76
.89
2.39
3.21
.92
.58
+.02
.22
.11
.14
.04

+.11
+.06
.15
+.08
+.17
+.09

.38
NATIONAL BANKS

1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

-

95, 434
91, 790
89, 359
76, 908
63, 796
42, 739
41,412
39, 674
42, 958
49,180
44, 810
51, 608
60,059
68, 766
55,876
51, 534
55,181
67,807
96, 720
131,989

--

298
407
525
1,006
722
1,055
1,312
572
406
176
215
167
178
122
112
133
110
66
62
133

78
40
72
76
56
80
31
156
150
225
103
59
119
143
147
113
141
112
211
230

220
367
453
930
666
975
1,281
416
256
+49
112
108
59
+21
+35
20
+31
+46
+149
+97

Average for 1928-47

0.23
.40
.51
1.21
1.04
2.28
3.09
1.05
.60
+.10
.25
.21

.10
+ 03
+.06
.04
+.06
+.07
+.15
+.07

.41
NONNATIONAL BANKS

1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

.

..
_.

.

188
256
231
332
487
1,200
1,535
570
540
171
201
90
193
210
113
104
490
129
122
170

24
24
47
108
19
43
106
190
248
147
98
78
74
134
204
184
293
188
272
299

164
232
184
224
468
1,157
1,429
380
292
24
103
12
119
76
+91
+80
197

+59
+150
+129

0.17
.25
.24

.30
.74
2.50
3.33
.81
.56
.04
.19
.02
.17

.10
+.15
+.14

.36
+.10
+.19
+.12

.34

Average for 1928-47
785882—48

95,393
92,882
78, 268
74, 588
63,306
46, 369
42, 953
47,151
52, 276
54, 651
55,003
60,862
68,162
75,883
62,648
55, 255
55,298
57,495
78,620
110,766

8




110

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 27.—Total securities of banks in the District of Columbia, losses and
recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1928-47
ALL BANKS
[In thousands of dollars]
Total securities end of
year

Year

1928
1929
1930
1931
1932
1933
1934
1935
1936
1937 . 1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

.
-

.

...

62,318
59,838
80,136
97, 591
102,081
99,160
109,832
122,028
134,533
135,867
138,533
134,137
136,389
158, 518
306,889
433,694
549,977
719,103
621,710
547,104

Losses and
charge-offs

Ratio of losses
Net losses or
Recoveries recoveries (+) (or recoveries
+ ) to securities

81
149
233
1,120
1,178
2,145
930
496
845
811
892
1,045
732
827
466
770
639
299
205
347

108
47
106
13
256
459
1,221
1,374
538
297
426
493
351
359
262
590
459
278
125
83

+27
102
127
1,107
922
1,686
+291
+878
307
514
466
552
381
468
204
180
180
21
80
264

Average for 1928-47

Percent
+0.04
.17
.16
1.13
.90
1.70

+.26
+.72
.23
.38
.34
.41
.28
.30
.07
.04
.03
.002
.01
.05
.13

NATIONAL B A N K S
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947...

. ..
_
_

.
.
.

. . .
-

33, 734
34, 716
43, 913
57, 611
63, 950
64,625
67,263
73,276
77,706
83,437
81,286
81,270
81,589
94,880
203,593
276,495
341, 778
440, 209
372, 566
327, 705

27
55
94
452
347
949
639
342
609
507
562
• 883
533
617
271
641
231
182
97
166

6
6
7
4
149
1339
*720
1821
398
211
334
394
285
242
199
469
250
173
76
16

21
49
87
448
198
610

+81
+479
211
296
228
489
248
375
72
172

+19
9
21
150

Average for 1928-47

0.06
.14
.20
.78
.31
.94

+.12
+.65
.27
.35
.28
.60
.30
.40
.04
.06

+.01

.002
.01
.05

.11

NONNATIONAL BANKS
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

_

Average for 1928-47
»Includes profits on securities sold.




28, 584
25.122
36,223
39,980
38,131
34, 535
42, 569
48, 752
56,827
52,430
57,247
52,867
54,800
63,638
103,296
157,199
208,199
278,894
249,144
219,399

54
94
139
668
831
1, 196
291
154
236
304
330
162
199
210
195
408
117
108
181

102
41
99
9
107
U20
1501
1553
140
86
92
99
66
117
63
121
209
105
49
67

+48
53

+0U7

40
659
724
1,076

.11
1.65
1.90
3.12

+210
+399
96
218
238
63
133
93
132
8
199
12
59
114

+.49
+.82
.17
.42
.42
.12
.24
.15
.13
.01
.10
.004
.02
.05

.18

111

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

TABLE N O . 28.—Summary of assets and liabilities Dec. 81, 1947, and receipts and

disbursements in year ended Dec. 81\ 1947, of the 24 building and loan associations
in the District of Columbia
[In thousands of dollars]
Amount
LIABILITIES

ASSETS

Real estate loans..
_
Stock loans—
Federal Home Loan Bank stock
U. S. Government securities, direct and
guaranteed
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
Total assets

Amount

257,824
169
1,865
9,348
4
7,264
23

220,060
21
16,897
10,412
661

Investment shares, unpledged
Mortgage pledged shares
Incomplete loans
Bills payable
Other liabilities
Total liabilities

._.

248,051

Surplus fund
Net undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

18,233
4,177
6,668

CAPITAL ACCOUNTS

43
100
277,129

29,078
277,129

RECEIPTS AND DISBURSEMENTS IN YEAR ENDED DEC. 31,1947
Receipts

Amount

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

Total earnings
Cash and bank balances at beginning of
period
_
Grand total

Amount

CAPITAL DISBURSEMENTS

90,362
228
14,705
52, 729
239
45,118
11,755
7,970
228, 532

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

Disbursements

Real estate loans
Stock loans
Bonds, securities, etc
Investment shares, unpledged
Mortgage pledged shares
Incomplete loans
Bills payable
Interest accrued, not collected
Other disbursements-

141,135
271
803
33,039
568
37,695
5,770
5,386
7,213

Total capital disbursements

231,880

EXPENSES

10,391
16
1
33
76
42
343
3
11,435

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

8,716

Cash and bank balances at end of period _
7,893

Grand t o t a l . . .

720
493
245
38
94
6,541
65
520

_.___.

7,264
247,860

247,860

NOTE.—Number of borrowing members, 42,568, nonborrowing, 130,292. Number of associations members
of Federal Home Loan Bank System, 18. Number of associations with shares insured by the Federal Savings and Loan Insurance Corporation, 6.




112

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 29.—Summary of assets and liabilities Dec. 31, 1947, and receipts and

disbursements in year ended Dec. 81, 1947, of the 19 District of Columbia credit
unions
Amount

Amount
ASSETS

LIABILITIES

Loans
Building association investments
Other investments
Deposits in banks
-._
Cash on hand
Furniture and fixtures
Other assets
Total assets

$1,048,427
290,397
558,323
110,957
32,219
4,071
1,190

_

2, 045, 584

Shares paid in
Surplus fund
Net undivided profits
Reserve fund for bad debts..
Bills payable
Other liabilities
Total liabilities

$1, 710,947
32,492
69,858
139,178
81,558
11,551
2,045,584

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 YEAR E N D E D D E C . 31, 1947
Receipts

Amount

CAPITAL RECEIPTS

Total capital receipts

2,815,697

EARNINGS

Total earnings.-

84,256
12,024
11,413

.-

107,693

.._

11,388

392
Transferred to reserve fund for bad debts26,790
Transferred to surplus.-.
121,251
Cash on hand at beginning of period
3,083,211
Deposits in banks at beginning of period-

Loans made
$1,628,993
Shares withdrawn
543,430
Building association shares purchased. _.
16,907
Other investments purchased
7,138
616, 776
Bills payable..
Loans charged against reserve fund
Other disbursements
17,465
Total capital disbursements

2,839,017

EXPENSES

Salaries
General expenses
.__
Interest on borrowed money
Dividends
Depreciation on furniture and fixtures...
Total expenses

34,915
18,477
1,858
33,325

Transferred to reserve fund for bad debts.
Transferred to surplus
Cash on hand at end of period
Deposits in banks at end of period

11,388
392
32, 219
110,957

Grand total

NOTE.—Number of borrowing members, 4,991; nonborrowing, 7,826.
Grand total




Amount

CAPITAL DISBURSEMENTS

Loans repaid
_.. $1,421,494
554,127
Payments on shares
89,336
Building association shares redeemed—
59,385
Other investments sold
667, 535
Bills payable
682
Fees.
--286
Fines
--.
5,485
Recoveries on loans to reserve fund
635
Depreciation on furniture and fixtures...
16, 732
Other receipts

Interest on loans
Building association dividends
Other income

Disbursements

89,238

3, 083,211

TABLE NO. 30.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 31 ,'1947
[In thousands of dollars]

Total all
banks

Number of banks

National

All banks
other than
national

Banks other than national
State commercial i

Mutual
savings

Private
119

5,011

18,299, 481
68,168
1, 612, 699
830,545
1, 243, 966

11,061,418
34, 755
795,984
362, 088
635, 927

7, 238, 063
33,413
816, 715
468,457
608,039

7,136, 694
33,413
810,431
464,063
600,757

30,314

71,055

714

5,570
4,394
4,995

850, 272
10,869, 869
2, 580, 684
5, 791, 111
116,154
965,613

320, 905
3, 681, 547
857,334
3,128, 783
30,354
571,362

529,367
7,188,322
1, 723, 350
2, 662, 328
85,800
394,251

499,441
3, 241, 591
830,114
2, 608, 598
84, 536
372, 687

27, 580
3,936, 557
890,954
46,169
9,833

2,346
10,174
2,282
7,561
1,264
11, 731

43, 228, 562

21,480,457

21, 748,105

16, 682,325

4,944,408

121,372

81, 623,382
5,361,993
4,897,998
500,300

38,825,435
3,028, 607
2,000,094
155,830

42, 797, 947
2,333,386
2, 897, 904
344,470

30, 683, 523
2, 205, 942
1,386, 595
192,338

11,978,420
64,816
1, 506, 576
146,394

136,004
62,628
4,733
5,738

92, 383, 673

44, 009,966

48,373, 707

34,468,398

13, 696,206

209,103

H

2,392,862
36,166,335
1,059, 571
34,424
66,812
167,134
507, 538

1,168,042
20,907, 548
534, 266
8,124
43,970
87, 522
207,105

1, 224,820
15, 258, 787
525,305
26, 300
22,842
79, 612
300,433

1,107,681
14,379, 776
430, 790
15,067
19, 230
62,045
213, 798

104, 699
781, 581
92,884
10,603
3,612

12,440
97,430
1,631
630

O

'79,952

17, 567
6,683

176, 006,911

88,447,000

87, 559,911

67,379,110

19, 713, 945

466,856

9,744

9,092

533

o

"ASSETS

Loans and discounts:
Commercial and industrial loans (including open-market paper)
Loans to farmers directly guaranteed by the Commodity Credit Corporation
Other loans to farmers
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
Other loans to individuals (consumer loans)
Loans to banks
All other loans (including overdrafts)
Total loans and discounts
Securities:
United States Government obligations, direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve banks
Total securities

.__

Currency and coin
Balances with other banks, including reserve balances and cash items in process of collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
_._
Total assets




I

14,755

2,287

a
O

o
td

o

K

d

TABLE N O . 30.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 81, 1947—Continued
[In thousands of dollars]

Total all
banks

National
banks

All banks
other than
national

Banks other than national
State commercial 1

Mutual
savings

Private

LIABILITIES

Demand deposits:
Individuals, partnerships, and corporations
U. S. Government
States and political subdivisions
Banks in the United States
_
Banks in foreign countries
Certified and cashiers' checks, etc
Total demand deposits

-

Time deposits:
Individuals, partnerships, and corporations
U. S. Government
Postal savings
__
States and political subdivisions
Banks in the United States
Banks in foreign countries
Total time deposits

.

-

_

__

__.

Total deposits

_

-._

_
.—

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding
Other liabilities
*
-,

48,079,210
816,244
4,171,415
7,661,853
714,791
1,391,897

37,222,608
611,330
2,684,593
3,709,376
718,674
1,209,156

36,965,206
608,066
2,672,675
668,136
1,196,210

2,366

246,177
505
11,481
18,377
50,538
10,580

62,835,410

46,155,737

45,801,246

16,833

337,658

52,437,998
105,950
5,576
931,965
229,110
11,110

_

_

_

85,301,818
1,427,574
6,856,008
11,371,229
1,433,465
2,601,053
108,991,147

_

18,764,017
83,341
2,841
554,918
31,774
3,055

33,673,981
22,609
2,735
377,047
197,336
8,055

15,873,138
22,470
2,702
362,974
196,705
8,055

17,743,554
25

57,289
114
33
12,258
52

11,225
2,759
437
46

1,815
579

53,721,709

19,439,946

34,281,763

16,466,044

17,745,973

.9,746

162,712,856

82,275,356

80,437,500

62,267,290

17,762,806

407,404

74,614
191,234
1,032,181

45,135
101,182
604,003

29,479
90,052
428,178

24,701
71,725
361, 773

163

4,615
18,327
4,514

164,010,885

83,025,676

80,985,209

62,725,489

17,824.. 860

62,027
87,387
3,192,326
5,734,446
2,246,289
673,551

62,027
59,947
1,440.000
3,334,926
1,353,057
324, 745

57,074
59,947
1,432,474
2,031,789
819,380
252,957

4,953

27,440
1,752,326
2,399,520
893,232
348,806

434,860

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...
.
* Includes stock savings banks.




1,284,288
532,118
67,726

7,526
18,849
1,559
4,062

11,996,026

5,421,324

6,574,702

4,653,621

1,889,085

31,996

176,006,911

88,447,000

87,559,911

67,379,110

19, 713,945

466,856

TABLE NO. 31.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1947 {inciuaes nanonao, ouu
savings, and private banks)
ASSETS
[In thousands of dollars]

U.S. GovPopulation Num- Loans and ernment
(approxi- ber of discounts, obligations
including direct and
mate) i
banks overdrafts
guaranteed

Location

___.

929,675
562,907
370, Oil
4, 798,984
770,068
2,051,065

96
108
78
378
29
188

178,794
174,963
170,387
2,155,808
228,294
666,853

408,817
282,127
117, 514
4,140, 536
624,045
1, 606,662

Total New England States

9,482, 710

877

3,575,099

7,179,701

Maine.
_
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

New York
14, 286, 673
New Jersey
__. 4, 506, 578
Pennsylvania
_.. 10,423, 984
296, 645
Delaware
_.
2,232,139
Maryland
870,974
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

32, 616,993
3,039, 761
1,872. 533
3, 761,860
1, 925,066
3,289,881
2,439,208
2,835, 999
2,091,115
2, 567,277
7,207,188
1,914,808
2, 796, 557
3,123,890
38,865,143

792 12,019,717 21,929,222
367 1,095,492 2, 759,499
5, 534,151
1,002
41
131,950
247,225
175
401, 520 1,187,144
19
242,774
505,881

11,636
15,919
11,985
53,712
6,438
64,981

45,419
30, 985
16, 947
385, 508
61,860
163, 085

164,671

314
182
226
150
375
185
222
206
160
887
228
388
297
3,820

16, 254
7,810
4,990
99,002
19, 679
52,387

87, 271
59,103
37,831
1,039, 785
124,086

InvestCusments tomers1
Real
estate and other liability
owned assets
on
other indirectly accept- Other
than represent- ances
assets
bank ing bank outprem- premises standises or other
real estate ing

3,566
3,283
2,854
48,808
11,031
22, 267

506
101
1,236
1,065
1,127

91,809

4,533

703,804

171,166

200,122

1, 731,364

126,811
18, 913
50,043
3,765
4,198
1,718

358,100
91, 550
200,481
7,140
37,039
21,446

8, 774, 733
751,522
2, 249,406
98,942
383, 771
267,095

275,965 10,305
50,950 1,088
108,362 5,440
3,192
229
13, 522
223
13, 984
328
465,975 17, 613

2, 516,232

205, 448

715, 756 12, 525, 469

43, 732
24,453
78,237
29,669
46,123
77, 455
86,275
103, 288
125, 582
235,861
49,343
35,428
109, 693

36,094
17, 628
56,164
15,061
20,037
22,671
19, 655
6,587
16,975
54,980
12,881
35,067
21,158

2,848
1,830
2,098
758
2,415
1,999
1,561
645
2,539
8,627
740
1,819
4,167

425,085
42,927
214,465
25,833
501,363
52,304
190,643
20, 713
474,149
38,136
433, 761
43,484
344,636
31,673
216,070
22,965
491,991
33,426
97,354 2,048,227
247, 588
15,947
439, 532
33,552
529, 584
39,754

9,678, 554 1, 045,139

334,958

32,046

769, 658
604,465
230,548
462, 543
482,105
815, 649
143, 284
322,180
565,160
668, 771
335, 735
891, 673
319,433
527, 513
167, 637
321, 272
349,672
1,677,694 2,359,452
151,860
357,454
419, 555
734,221
591,051
751, 703
6,038,199

7,784
24,311
2,267
63,193
28,364
45, 247

Bank
premises
owned,
furniture
and
fixtures

897,408 1,106, 244
265,377
236, 584
955, 664
318, 700
69,888
14,157
81,786
25,956
37,273
2,233

2,396 16, 550,389 32,163,122

See footnote at end of table, p. 117.




Balances
with other
ObligaCorporate
banks, intions of
Other
stocks,
cluding reStates
bonds, including
serve
and
notes, and stocks of Currency ances baland
and coin
political deben
Federal
cash items
tures
subdiviReserve
in process
sions
banks
of
collection

498,068

6,557,094

16,158
7,336
9,879
2,865
12,982
15,020
7,945
4,820
10, 762
46,061
3,368
7,203
14,894

507
189
561
411
214
163
278

159,293

6,671

38
924

360
47
774
1,340
289
2,810
1,
6,629
663
35
1,400

Total
assets

19, 595
1,301
51

1,669
324
492
21,781
2,302
15, 761

20,947

42,329 13,888,355

762,068
599,378
366,142
8,030,304
1,108, 754
3,021, 709

158,216 45, 762,314
739 15,433 5,289,105
7,835 36,476 12,132,123
475 1,046
578, 672
11,139 2,146, 719
2,495 1,096,627

17,365 108,348 224,805 67, 005, 560
1,068
676
91
30
115
871
908
3,335
35
28

85
"379'
75
17
966
98
3,371
4,434
166

7,397

9,591

4,157
1,821
8,619
2,272
3,635
4,058
2,741
784
4,906
7,240
806
1,776
3,503

1,946, 784
987,322
2,006,974
727, 534
1,832,074
1,826,399
1,343, 483
844,333
1,736,875
6, 546, 429
840,069
1, 708,219
2, 066,833

46,318 24,413,328

TABLE NO. 31.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1947 (includes national, State commercial,
savings, and private banks)—Continued
ASSETS—Continued
[In thousands of dollars]

Population N u m (approxi- ber of
banks
mate) i

Location

7,911,971
3,908,728
8,328, 747
6,349, 797
3,345,029
2, 938,827
2,640,887
3,898,245

Ohio
Indiana.,
Illinois
Michigan .
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States
North Dakota .
South Dakota
Nebraska
Kansas
Montana
Wyoniirjg
Colorado
New Mexico
Oklahoma

•

Total Western States.
Washington. _ _
Oregon

671
492
883
447
556
680
662
597

39,322,231

4,988

560,230
572,957
1,315,456
1,943,079
502, 454
281,440
1,171,324
561, 275
2,357, 277

152
170
418
610
112
55
146
47
386

9, 265,492

2,096

2, 225,517
1, 551. 328

125
71




Loans and
discounts,
including
overdrafts

1,869, 712
629,397
2,686,022
1,184,446
630,784
731,958
505,160
1, 230,670

U . S . Government
obligations
direct and
guaranteed

3, 502,325
1,657,813
6,062,689
2, 578, 252
1,629, 203
1,504,801
1, 278,440
1, 682, 727

Obligations of
Other
States
bonds,
notes, and
and
political debentures
subdivisions

299,514
96,168
448,848
213, 554
109,421
91, 248
129,344
120,120

Balances
with other
Corporate
banks, instocks,
including Currency cluding reserve
stocks of and coin ances baland
Federal
cash items
Reserve
in process
banks
of
collection

192,587
68,481
315,696
112,865
87,240
99,022
38,397
86,118

9,551
2,664
17,969
5,987
2,492
3,022
1,451
19, 584

145, 253
67,041
125,362
99,050
44, 595
34,001
38, 896
50,330

1,577,400
692,098
2,905,609
1, 024, 730
584, 816
732, 511
526, 463
1,243,939

9,468,149 19,896, 250 1, 508,217 1,000,406

InvestCusReal ments tomers'
Bank
estate and other liability
premises owned assets
on
owned, other indirectly
Other
furniture than represent- accept- assets
ances
and
bank ing bank outfixtures prem- premises standises or other ing
real estate
49,414
355
15,974
112
44, 896
711
26, 461
82
16,250
43
9,149
581
7,939
69
18,374 2,364

1,957
362
1,118
925
672
4,457
2,278
466

188, 457 4,317

12,235

6,568

499

15
179

62,720

604,528

9,287,566

414,607
315, 260
685, 613
801,977
327,001
118, 072
556,053
114,864
678,419

19, 511
18, 782
48, 892
71,437
12,177
7,889
28,394
9,640
98,763

11,403
10,603
26,140
33,083
8,895
2,801
20,573
1,431
12,733

310
329
1,069
1,339
470
214
1,055
244
1,705

6,302
6,449
13,202
18, 069
7,291
4,119
14, 622
7,128
20,634

107, 440
113, 202
367, 880
426, 258
142,814
71,242
326, 937
84, 671
487,135

1,607
1,960
5,168
5,648
2,200
1,032
3,081
1,550
7,528

34
57
22
25
75
101
4

1, 502., 332 4,011, 866

315,485

127,662

6, 735

97, 816

2,127, 579

29,774

325

990,163
686, 213

119,431
96, 571

34, 253
9.406

2,254
1,228

34,057
19. 912

501,140
321, 503

10, 344
11, 695

139
55

51,313
84,832
248, 232
338, 111
83,101
48, 256
241,325
80, 210
326,952

598, 902
319, 474

Total •
assets

W

365 15,010 7, 663,443
107 5,237 3, 235,454
5,082 31,366 12,645,368
67 11,723 5, 258,142
49 6,310 3, 111, 875
215 6,557 3, 217,522
11
1,952 2, 530,400
672
9,001 4,464,365

o

t1
F
H

87,156 42,126,569

1

5

997

535

864
927
1,793
1,628
945
219
2,669
216
2,213

1,497

734

11,474

8, 233, 279

13
66

213
883

4,071
6,534

2,294, 980
1,473,540

7

I

613,364
552,344
1,398, 038
1, 698, 285
584, 916
253, 869
1,194, 790
300,055
1, 637,618

3

W
d

California
._ 10,052, 573
496, 527
Idaho
637,969
Utah
142, 489
Nevada
675, 028
Arizona
Total Pacific States.. 15, 781, 431
Total United States
(exclusive of possessions)
145,334, 000
Alaska
85, 757
Canal Zone (Panama)
47,150
Guam
25 611
The Territory of Hawaii. _
475, 588
Puerto Rico
2, 201, 903
15, 657
American Samoa
Virgin Islands of the
28,464
United States
Total possessions
2, 880,130
Total United States
and possessions
148, 214,130
1

202
48
60
8
11

4, 467, 349
97, 672
179, 742
48, 917
153, 084

5, 834, 934
252, 004
244, 929
85, 859
162, 055

551, 758
8,264
14, 615
8,241
13, 520

144, 924
1,306
2,789
439
6,750

16, 345
328
576
132
343

123, 478
7,072
6,681
3,387
9,618

2, 669, 515
95, 956
140,146
26, 888
82, 770

85,130
2,560
2,224
993
3,772

369

24, 033

68
1
3

525

5, 865,140

8, 256,157

812, 400

199, 867

21, 206

204, 205

3, 837, 918

116, 718

635

25,394

14, 702 42, 999, 308 81,185, 650 5, 340, 950 4, 882, 929
19
4
1
9
17,
1

15, 757
769
760
121, 069
89, 937
13

27, 947
1,735
25,415
250,571
128, 560
1,231

168
12, 111
8,756

7,037
6,287

499, 321 2,320,495 36, 066, 990 1,052, 026 34,094

979

5,149
2,042
3,885
30, 710
30, 047
182
352

378

39, 870 13, 969,880
465, 387
205
592, 965
213
175, 513
656
434,028
1,813

13, 291

53, 362 19, 406, 293

2

949

2,273

8

72,367

99,345

7,545

23

229, 254

437, 732

21, 043

• 15,069

14, 755 43, 228, 562 81, 623,382 5,361,993 4, 897, 998

15, 495
1,055
22
62, 284
19, 545
566

402
44
2
4,166
2,921
1

300

66, 698 159, 479 465, 444 175,073,384

9

979

1,722

53

Includes members of the armed forces overseas.




12,175
20

982

53
252
25

50
64

21
7,634

330

114

7,655

177
27, 736
1,023
1,572
11,543
4

66, 870
33, 381
31,107
490, 822
305,319
1,997

o
©

39

500,300 2,392, 862 36,166, 335 1,059, 571 34, 424

4,031

42, 094

933, 527

8

66, 812 167,134 507, 538 176,006,911

I
O
f

w
o
3
o

TABLE N O . 31.—Assets and liabilities of all active banks in the United States and possessions, Dec. 81,1947 {includes national, State commercial,
00

savings, and private banks)
LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Total
deposits

Acceptances
executed by
Other
or for account liabilities
of reporting
banks and
outstanding

Capital
stock i

247,680
149, 731
91,293
3, 272,141
428,417
1,045,406

Maine
___
New Hampshire.
Vermont
Massachusetts.
Rhode Island
Connecticut
_
Total New England States
New York
New Jersey
Pennsylvania
_
Delaware.
Maryland
_
District of Columbia

_
_._

440, 262
387,249
237, 994
3,964,993
574,087
1,692,304

329,287
7,237,134
1,002,504
2, 737, 710

5,234,668

7,296,889

12,531,557

7,589

22,247

76,098

27,478, 925
2,387,175
6,881, 530
362,845
1,142,558

13,834,054
2, 507, 996
4,049,404
153,021
836,484
223, 507

41,312,979
4,895,171
10, 030,934
515,866
1, 979,042
1,023,900

36,934
1,725
3,799
165

113,786
739
9,127
475

445, 745
21,480
54,978
2,133
7,852
5,741

21,604,466

60,657,892

42,623

124,513

537, 929

1,331,525

1,802,414
909,887
1,886,657
691, 597
1, 713,498
1,720,160
1,261, 590
799,418
1, 646, 706
6,182,920
793, 586
1,597,977
1,945,265

2,465
2,890
1,509

85

1,379,178
1,521, 569

574, 527
264, 760
355,222
89,250
322,463
350,442
257, 562
134,774
283,546
555,434
96,651
218,799
423,696

862
30

45
166

9,674
2,965
13,819
1,868
12,087
5,479
4,893
1,549
5,807
17, 717
1,210
5,951
7,818

47,413
24,882
28,425
12,361
36, 912
37,146
25,043
15, 598
27,777
130,198
16,347
37,502
39,448

19,024,549

3,927,126

22,951, 675

9,335

11,798

90,837

479,052

800,393

Total Eastern States.
Virginia
West Virginia
North Carolina
South Carolina
GeorgiaFlorida
_
Alabama
Mississippi...
Louisiana. _
Texas.
_
Arkansas..
Kentucky
Tennessee

Time
deposits

Bills payable,
rediscounts,
and other
liabilities for
borrowed
money

__
_

_.
_

Total Southern States




39,053,426
. =
1, 227,887
645,127
1,531,435
602,347
1,391,035
1,369,718
1,004,028
664,644
1,363,160
5,627,486

687,942

1,500
540
849
4,070
630

825
477
52
125
100

20,895
1,301
51

379

4,223
5,744

1,329
1,700
45,385
10,585
15,001

15,075
7,978
15,087
110,509
23,140
43,179

Surplus

Reserves and
retirement
account for
Undivided preferred
stock and
profits
capital notes
and debentures

31,702
30,958
8,085
346,230
57,553
137,864

20,376
16,666
6,956
234,244
9,383
79,613

214,968

612,392

367,238

56,266

826,820
115,131
323,002
11,860
33,812
20,900

2,176, 768
174,092

712,055
50,135
158,013
8,773
42,191
10, 975

137,227
30,632
58,887
10,774
10,142
3,361

3,077,913
= = = = =
53,491
31,857
51,602
13,168
40,904
44,715
31,115
25,062
35,947
131,026
17,087
47,509
48,676

982,142

251,023 ( )
!

14,838
20,143

2,629
10,824
6,404
4,987
1,339
3,281
21,376
2,156
3,535
5,287

572,159

214,461

84,011

28,626
73,294
31, 750

22,005
10,565
15,903
5,911
16, 949
12,001
14,837
1,144
13,034
57, 448

3,375
4,927
4,178
31,837
4,288
7,661

8

9,237
4,276

d
3
o

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa

__
_

Missouri

*
_.

Total Middle Western StatesNorth Dakota
South Dakota
Nebraska......
Kansas.
Montana
Wyoming
Colorado....
New Mexico
Oklahoma
_
Total Western States
Washington
Oregon
_
California
Idaho
Utah...
Nevada. _
Arizona. _

_.

Total Pacific States
Total United States (exclusive of
possessions)
Alaska
Canal Zone (Panama).
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States..
Total possessions

7,178,404
3,053,867
11,851,787
4,956,679
2,928,879
3,023,426
2,401,051
4,201,798

1,358
100
277
91
35
103
150
1,200

365
107
5,645
67
49
215
11
680

31,604
8,669
73,176
22,577
5,757
11,901
2,713
13,037

164,650
58, 111
249,222
95, 729
64,810
55,055
40,451
97,271

196,974
72,412
277,194
115,813
64,171
80,931
48,734
83,409

67,248
33,018
108,408
42,832
33,084
29,196
27,137
56,254

22,840
9,170
79,659
24,354
15,090
16,695
10,153
^
10,716 ft

27,305,617

12,290,274

39,595,891

3,314

7,139

169,434

825,299

939,638

397,177

147, 744
84,988
142,008
160,831
96,377
46,360
228,955
40,952
116,109

584, 936
527,544
1,324,849
1,608,230
560,234
240,266
1,131,085
286,643
1,534,141

57

5
535

9,643
8,305
26,343
30,841
9,100
3,768
18,110
5,266
31, 783

7,691
8,651
23,979
34,456
8,903
5,665
22,684
4,530
35,972

6,476
4,928
13,744
18,837
4,644
2,674
14,792
396
23,353

188,677 g
3,695 £

876

923
995
2,314
2,427
1,067
471
3,438
395
4,437

6,733,604

-

2,816,397
893,028
2,883,454
2,161,950
1,310,031
1,021,044
548,391
655,979

437,192
442,556
1,182,841
1,447,399
463,857
193,906
902,130
245,691
1,418,032

_._

1,064,324

7,797,928

2,243

734

16,467

143,159

152,531

89,844

1,429,328
985,199
7,582,495
350,142
394,776
109,600
316,502

746,892
410, 732
5,575,174
95,399
164,639
56,957
96, 738

2,176,220
1,395,931
13,157,669
445,541
559,415
166,557
413,240

3Q0

404
883
15,827
20

7,598
5,977
116,521
1,053
2,001
1,160
3,207

29,983
19,329
253,602
6,545
9,957
2,413
6,058

44,881
26,643
259,595
7,096
13,278
2,498
8,256

20,794
18,856
135,562
3,509
6,071
2,852
2,054

14,800 E
5,921 H
30,874 W
1,623 O
2,243 t 1
"

11,168,042

7,146,531

18,314,573

530

17,134

137,517

327,887

362,247

189,698

56,707

o

108,519,906

53,329,610

161,849,516

65,634

183,565

1,028,282

3,321,890

5,716,880

2,240,560

667,057

H

44,181
29,736
21,811
218,383
153,908
1,353
1,869

18,058
3,607
7,768
241,976
118,409
506
1,775

62,239
33,343
29,579
460,359
272,317
1,859
3,644

1,160

1,465

1,164

824 g

400
11,237
6,853
50
150

100
10,322
5,556
35
88

47
3,073
1,393
31
21

126 O
4,582 <H
841 #
18 t
d
103 M

4,362,007
2,160,839
8,968,333
2, 794, 729
1,618,848
2,002,382
1,852,660
3,545,819

875
435

230

30,373

7,669

3,899

19,850

17,566

5,729

6,494

191,234

1,032,181

3,341,740

5,734,446

2,246,289

673,551

392,099

863,340

8,980

53,721,709

162,712,856

74,614

O

33 £
1,213 g

21
7,648

471,241




18
38
849
1,078
1,887
4
25

1,921
5,919 O
2,880 hj
968
1,025 £
4,619 Jl
2,825 fcr
6,521
^

6
150
8,824

Total United States and possessions. — 108,991,147

* Includes capital notes and debentures. (See classification on pp. 122 and 123.)

15
179

o

TABLE N O . 31.—Assets and liabilities of all active banks in the United States and possessions, Dec, 31,1947 {includes national, State commercial,
savings, and private banks)—Continued
[In thousands of dollars]
Loans and discounts

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 CarolinaGeorgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States-




Commercial and
industrial
loans (including
openmarket
paper)

Loans to
Other loans
farmers
for the
directly
Loans to purpose of
guaranteed Other
brokers purchasing
by the
loans to
and
or carrying
Comfarmers dealers in stocks,
modity
securities bonds, and
Credit
other
Corporasecurities
tion

52,361
34, 540
19, 668
746, 094
73, 525
129, 723

3,838

8,394
2,969
9,822
592
11,023

225
3
21,265
311
721

Real-estate loans
Secured b y
farm land
(including
improvements)

2,045
1,945
3,215
39, 690
4,195
9,156

4,360
3,658
14,302
7,331
1,189
5,771

Other
All other
loans to
individ- Loans to loans (inSecured b y
cluding
residential Secured uals (con banks
overproperties by other sumer
drafts)
(other than properties loans)
farm)
62, 509
105,311
86,939
821,043
89, 490
365, 741

13,305
6,927
12,912
249, 654
22, 952
51,952

27, 757
16, 702
20, 368
228, 252
28, 372
83,924

310
45
4,923
""282

Total

178, 794
3,690
174,963
2,863
170,387
3,133
33, 573 2,155,808
7,659
228, 294
8,560
666,853

1,055,911

3,875

36,783

22,525

60,246

36, 611

1, 531,033

357, 702

405,375

5,560

9, 478 3, 575,099

6,009, 214
272,801
1, 239, 310
47, 380
109, 457
89,150

72
43
155
132
387

43,067
6,542
30, 233
2,100
7,461
21

565,362
5,670
38,138
1,250
842
775

338, 488
29,853
46,050
3,705
30, 754
5,452

33,001
5,717
40, 263
5,233
17,118
105

2,947,301
467,312
576,401
40,198
109,964
53,183

747, 603

949,164
202,047
481,634
21,949
74, 321
55,150

94, 324

292,121 12,019, 717
17,167 1, 095, 492
49,175 2,658,936
1,869
131,950
12, 546
401, 520
12,430
242,774

7, 767,312

789

89, 424

612,037

454,302

101, 437

4,194,359 1,066, 018 1, 784, 265

95,138

16, 550,389

177,320
51, 449
204,625
57,819
252,813
154, 521
134, 257
62,857
178,910

241

2,634
44
4,879

24,826
9,571
17,352
4,408
16, 668
6,404
11, 660
11,805
9,157
28, 409
9,574
38, 513
27,137

150,977
79, 457
54,400
23, 323
79,410
34,614
48,430
20, 667
38,051
100, 552
22,921
63,235
62, 020

905
345
1,756

931
925
4,377

18,257
6,645
27,073
3,991
25,937
21, 586
13, 750
8,506
11,054
82,854
4,439
17,114
29,624

149, 950
57, 673
122,240
29,380
113, 981

42,108
150, 260
276,924

114
609
6,160
21
2,489
574
123
12, 480
1,488
176
321

21,496
5,069
9,148
5,227
20,275
9,598
19,444
15,175
9,296
147,471
19,984
32,379
27,759

19,196
604, 465
3,254
230, 548
7,868
482,105
143, 284
7,656
565,160
20, 740
335,735
13, 575
319, 433
6,167
167, 637
5,039
349, 672
22,684
48,858 1, 677, 694
151,860
3,125
419, 555
10,297
591,051
11, 946

2,682, 542

24,796

342,321

31,616

270,830

215, 484

778,057

438
2,273
2,691
2,141
540
1,

156,802
8,134
38, 670

38, 663
17, 041
32,650
10, 433
23, 752
22, 610
16,287
10, 250
21,159
58,809
9,974
20,889
20, 507

64, 798
32, 214
57,278
250, 200
37, 216
85,011
129,867

303,024 1,198, 646

775"
39

3,151
1,277
10
10
297
1,302
100
756
569

10,478

180, 405 6,038,199

342,836
110,639
328,227
203,945
78,120
110,156
72, 773
194,061

8
307
98
35
102
132
20
584

46,079
11,630
37,401
34,046
15,793
28,186
6,198
25, 820

1,869,712
629,397
2,686,022
1,184,446
630,784
731,958
505,160
1,230, 670

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

-

448,142 1, 440,757

1,286

205,153

9, 468,149

1

826
1,086
6,260
6,660
1,233
473
6,428
928
3,949

51,313
84,832
248,232
338,111
83,101
48,256
241,325
80,210
326,952

i.

544

27,843

1, 502,332

87,864
56,381
492, 270
11,027
24, 600
6,745
25,388

2,010

7,377
4,560
72,402
3,087
5,621
637
476

Oregon. .
California
Idaho
Utah
Nevada
Arizona

598, 902
319,474
4,467,349
97, 672
179, 742
48, 917
153,084

Total Pacific States
Total United States (exclusive of
possessions).

704,275

2,336

94,160

5,865,140

Alaska.
Canal Zone (Panama) _
Guam
T h e Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States

10,832,831 2, 571,077 5, 769,874

115,342

250
38
336
438
19
1,594
374
744

42, 771
43, 431
84, 787
36,447
40,373
59, 838
117, 888
80, 536

33,559
1,256
73,859
4,009
805
2,695
1,226
4,806

96,415
9,806
115,222
26, 513
10,250
19,734
8,173
33,274

68, 582
43,378
29,646
34, 738
41,656
33,604
45 458
35, 538

516,402
188,116
276, 554
439, 630
170,875
156,847
99,974
232,191

4,008,156

__
_

621,772
186,768
1,671,075
327,326
223,811
282, 467
127,427
567, 510

3,793

506, 071

122, 215

319, 387

332, 600

2,080, 589

11,309
17,329
74, 613
95,483
23, 250
12,178
81,858
26,931
151,205

3,408
3,305
2,739
8,963
1,158
412
1,830
1,854
4,925

14,100
29, 858
82, 599
101. 366
21,432
14, 509
58,116
14,027
50, 874

420

540
1,051
9,886
2,348
1,039
915
3,255
1,665
2,552

2,133
3,154
8,909
17,368
2,219
2,269
5,041
1,909
9,667

7,779
13,832
18, 490
40,971
15,440
8,661
32, 716
17,426
31, 557

2,606
3,752
9,916
9,521
4,728
3,514
13,158
4,870
9,668

8,612
11,459
33,846
53, 473
12,602
5,325
38, 505
10,600
62,134

494,156

28, 594

386,881

3,233

23, 251

52, 669

186,872

61, 733

236, 556

271, 509
146, 965
1, 605,629
33,110
55,361
10, 591
59,611

1,624
733
880
1,774
1,310

19, 857
17, 275
139,307
17,890
18, 879
4,748
22,375

2,248
279
35,094
165
608
463

8,239
11, 670
67,841
739
2,923
1,305
1,111

13,084
7,104
70, 918
3,390
7,016
1,345
3,020

135,307
52,767
1,751,604
19,550
49, 561
17,089
36,043

49, 783
21, 740
231,078
6,940
13,863
6,457
4,597

2,182, 776

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

6,321

240, 331

38,857

93, 828

105,877

2,061, 921

334,458

68,168 1, 601,811

830,483

1, 221,844

844, 678

30

582

4,230

1,054

62

18, 658
3,430

4,111
842

25,455
6,997

7,609
816

18,190,853

6
838
1,561
408

101,038
34,028
68,817
77,319
48,980
36,705
25,649
55,606

136
397
10

326

812

3,257
9,363
1

15,757
769
760
121,069
89,937
13
949

13,266

229,254

246

16

4

59

356

128

108, 628

10,888

62

22,122

5,594

37,038

9,607

21,237

812

Total United States and possessions. 18, 299,481

68,168 1,612, 699

830, 545

1, 243,966

850, 272

10,869,869 2, 580,684 5, 791, 111

116,154

Total possessions-

._-




581
48, 515
50,149

2,249
8,623

952,347 42, 999,308
6
639

718
130
179
11,215
8,843
13
139

9,137

965, 613 43,228, 562

TABLE N O . 31.—Assets and liabilities of all active banks in the United States and possessions, Dec; 31,1947 {includes national, State commercial, J~*
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
Mississippi.
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States




Capital
notes
and
debentures

4,653

Preferred
stock

700
140
2,111
1,253
585

4,653

4,789

40
331

15,545
21,550
3,042
25
716

41,171
742

10
10
291

1,365

721
19
50
231
193
2,451
612
1,185
279
1,190
1,540
10,227

Time deposits

Common
stock

Individuals, partnerships,
and
corporations

14,375
7,838
8,323
109,256
23,140
42,594

211,433
122,797
80,392
2,639,887
375, 607
907,183

205,526

4,337,299

59,252

300,654

770,775 20,615,995
93,281 2,001,189
319,960 5, 861, 773
11,795
321,184
32, 765
921,004
20,900
722,073

319,394
32,009
73,584
21,695
9,417
12,591

682, 072
261,179
221,861
11,247
89,498
146

468,690 1,266,003

4,203,347 1,294,477 1,377,691 21,185,124

30,831

40,878 1,249,476 30,443,218
1,756

224

Demand deposits

45,657
24,140
27,704
12,254
36,915
24,850
13,137
27,155
128, 722
16,068
36,312
37,908

945,633
515,258
1,070,458
502,944
1,052,976
1,052,088
779,839
500,274
944,924
4; 219,367
570,274
1,098,042
1,067,536

467,460 14,319,613

States
U.S.
and
Govern- political
subdiment
visions
3,092
2,270
1,367
32,976
6,490
13,057

28,584
17,975
21,994
8,723
14,506
11,381
9,080
6,124
7,300
5,413
11,604
13,759

Banks
in
United
States

9,304
6,528
1,141
330,407
10,406
41,179

Banks
in foreign
countries

Certified Individuals, partand
cashiers1 nerships,
and
checks, corporaetc.*
tions

Postal
savings

677
313
201
4,259
447

7
20
8
160
50
45

1,883
255
1,763
567
238
810

290

5,516

4,864
4,794
2,663
69,677
9,635
25,835

437, 672
386,653
235,977
3,959,930
573,350
. ...

117,468

7,284,018

6,895

3,390,622 1,273,750 1,197,092 13, 559,472
43,604
48,798 2,494,705
396
609,979
3,936, 295
15,367
4,
3,910
144,368
111,154
1,472
10,013
828,302
44, 078
18, 013
3,492
221,982

22,920
3,289
1,291
193
1,638
1,500

13, 342
5,730
179,402
25,045
58,152

398,965

72,369
59,751
193,112
64, 068
119,032
166,143
128, 820
97,050
185,274
414,421
57,466
92,172
141,104

204,976 1,790,782 2,

148,906
36, 449
226,280
21, 584
188, 671
122,310
76, 515
57,619
203,488
795,961
57,344
165,147

19,792
1,234
21,030

6,325
7,546

32, 111
15,682
19,591
5,024
15,790
15,938
9,410
3,577
15,849
141,658

61

12,213
15, 523

284
12
4
60
1,858
364

16, 514

544,799
261,257
347,697
87,428
319, 769
317,358
255,498
134,003
275,928
486, 614
95,364
215,876
413, 572

308,804 3,755,163

States
Banks
and
Banks
in
politin
forical United eign
subdi- States countries
visions

U.S.
Government

4,143
1,675
3,820
644
1,200
2,439
1,051
749
664
7,342
1,015
1,413
4,181

170

51, 710 188,852
9,474
528
468 108, 657 2,693
8,455
3,217 3,302

11,100

518 181, 513 195,380

11,100

198
264
144
12
142
147
32
392
383
33
21

24,468
911
2,560
815
719
29,018
167
2
5,067
57,113
184
1,408
2,261

919
653
1,001
351
633
1,480
814
20
1,495
3,982
55
81
3,583

30,336 1,867 124,693 15,067

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

__

Total Middle
States

._

Western

19,667

791, 588 21,349,196

424,971 1,831,241

3,262,688

36,324

14

2,703
220

6,990
1,585
1,211
1,467

377,625
381,098
940,480
1,119,492
368,591
156,222
755,137
190,265
1,053,875

6,492
7,762
11,181
14,295
4,770
2,363
8,195
2,550
15, 534

33,845
37,383
54,839
211,828
55,835
20,250
42,025
39,307
174,076

15,714
13,078
166,851
88,482
28, 584
12,202
87,489
10,113
150, 744

5,342,785

73,142

669,388

573,257

29, 729 1,179,954
823, 507
19,290
243,856 6,270,740
289, 562
6,485
296,914
9,705
86,625
2,413
258,336
5,358

15,520
10,099
80, 557
3,734
2,020
1,411
1,886

125,835
93,175
564,002
46,466
47,438
17,659
47,016

9,205, 638

115,227

941, 591

5

Total Pacific States

1,098

141, 690

232
39
_ _

9,486
8,165
26,227
30,633
8,970
3,393
17,870
5,168
31,778

371

_ . ._

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

14,044

119

1,634

_

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

300,138
124,841
1,315,471
163,745
121,307
330, 719
139,390
767,077

2,959
178
21,243
4,605

623

257,142
242,744
454,717
226,668
88,132
161,605
158,381
241,852

7,467
205

294

- __ .
-

71.018
27,439
124,659
58,477
34,205
28,419
46,452
34,302

6,277
2,916

._

_

150,906 3,642,687
54,990 1,734, 748
248,809 6,940, 503
88,739 2, 289,746
60,522 1,341,681
53, 624 1,446, 539
38,984 1,482,241
95,014 2,471,051

143
140
63

_

22

25

152

105
375
240
98

9,746
60
100
700

423

Total United States (exclusive of possessions). _ _ 62,027
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Sanioa
Virgin Islands of the United
States

10,628

316,836

400

11,237
6,853
50

401,197 11,928,473

17,925

2,497
920

111, 266
82,518
141,806
157,902
95,571
45,901
226,020
40,412
108,638

1
52
110
1,548
154
340
107
505
501

36

74,996

1,010,034

3,318

81,796
37,053
366,387
6,440
44,734
910
2,896

3,671
1,013
56,608

744,840
404,207
5,390,113
94,644
163,902
54,423
96,258

1,467
86
13,444
669
490
131

527

22, 552
20,352
244,201
3,940
3,668
2,995
5,841

540,216

61,821

303,549

6,948,387

16,537

6

30

2

37,778
9,357
8,463
152,466
94,122
959

2,433
20,052
13,295
32,218
12,695
372

2,446

815
15

27,049
26,188

2,525
5,527

100

50

924

251

666

304,069

81,316

56,349

8,896

53

18,009
3,607
7,768
241,132
54,097
506

2,700
21

3,779
12,676
1
14

250

17,348

326,799

339 126,057
374
27
129 168,426
8,226
69
81 17,829
332
5,400
97
187

748

6,549

1,608 333,262
6
8
27

2,085
2,594
952
656

2,530
' 11
178

9,006

105

36,397
2,410
59
1,226
639
41
311
1
4,582

5
55
2,512
7
2,283

261

45,666

5,045

4
20
5,942
15
372 168,037
11
25
107
2,403

561
482
3,208
75

52

8
23
5
27

19

74
6
103

115

211

462 176,704

4,441

5,006 867,354 229,109

11,100

8

21

20

100

516
33

64,174
89

1

5

108

570

64,611

1

10

5,576 931,965 229,110

11,110

1,680

3,263

346

14

19,750

196

709
116

87,387 3,192,326 85,301,818 1,427,574 6,856,008 11,371,229 1,433,465 2,601,053 52,437,998 105,950

i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




241

3,516
3,235
9,484
13,302
6,077
2,869
9,254
3,456
23,803

100

62,027

4,403

1,604
2,678
2,265
3,031
4,689

87,287 3,172,576 84,997,749 1,346,258 6,799,659 11,362,333 1,430,202 2,583,705 52, 111, 199 105,842
1,160

Total possessions
Total United States and
possessions

53
208

627

2,309

2,686,312
887,355
2,712,634
2,149,672
1,286,776
1,012,541
545,038
648,145

88,063
30,889
H I , 740
51, 488
32,896
32,791
26,196
27,134

328
5

TABLE N O .

and liabilities of active national banks, Dec. 31, 1947

32.—.

ASSETS
[In thousands of dollars]
I

Location

Number of
banks

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

51
39
121

Total New England
States

62,843
114,843
69,829
49,618
47,312
901,280 1,348,856
61,411
131,934
159,918
351,398

11
41
142
198
12

3,862
6,259
6,237
34,690
2,752
32,107

8,744
7,264
8,011
49,824
4,651
20,087

85,907

Currency
and
coin

Balances
with
other
banks,
including
reserve
balances,
and cash
items in
process
of collection

Investments
and
other

CusBank
tom- Income
Real
prem- estate
ers'
liabili- earned
ises
indiowned
or act y on
rectly
owned, other
crued
repre- accept- but not
furnithan
senting ances
ture
bank
coloutbank
and
prempremises stand- lected
fixtures
ing
or other
real
estate

562
41:
302
6,254
633
1,397

6,139
5,780
2,348
54,803
6,590
19,262

46,580
45,131
24,348
712,831
50,829
185,456

1,047
1,604
1,120
24,041
745
8,070

94,922 1,065,175

26
57
300
154

280
4'
5
239
20

16,995
205
26

227
4
137
6,218
514
903

Other
assets

Total
assets

283 245,447
138 199,374
122 139,709
7,570 3,163,856
67 260,651
584 779,374

98,581

9,560

36,627

547

591

17,226

8,003

8,764 4,788,411

42,125
3,503
25,292
149
1,080
790

99,101 3,130,057 86,142
40,803 386,778 19,082
117,695 1,534,859 58,999
465
976
7,729
13,914 191, 292 4,532
13,595 156, 749 6,430

381
240
517

1,400
1,558
358

37,843
277
6,929

21

430,769 363,194
118,653 81,217
194,251 441,333
2,166
864
15,603
8,146
1,446 25,103

23,931
4,260
10,331
2
995
426

10,689 13,752,5
1,420 2,345,534
7,316 7,235,717
21
44, 350
513 769,987
711
637,724

1,334 5,631,775 11,415,991

2,962

754,129 928,616

72,939

286,084 5,407,464 175,650

1,292

3,327

45,307

39,945

20,670 24,786,151

332,485
456,194
131
112,733
252,577
76
121,554 228,339
45
201,750
92,792
24
375,829
309,101
50
605,084
61 239,617
394,663
67 236,120
99,176
25
41,269
525,779
34
237,546
,
437 1,381,430 L 909,082
179,362
50
81, 512

77
224

21,122
10,433
2,568
10,498
15,888
19,527
16,427
1,776
13,284
44,979
9,110

1,856
987
612
404
1,266
1,785
1,240
316
1,792
6,356
583

24,057 263,816 9,088
13,715 131, 216 4,404
13,442 135,496 3,524
11,541
114,624 2,037
16,531 288, 579 7,427
27,153 330,576 12, 307
21,116 261,091 6,858
59,599 1,471
5,093
16,513 326,810 8,611
68,785 1,691,757 39,258
121,100 l f "
7,275

398
55
9
1
259
269
153

753
15
1

'85,

304 1,297,932 2,064,172

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas




404

389 3,284,110 6,240,922
214
456,591 1,230,783
647 1,622,352 3, 215,096
13
20,481
11,490
62
125, 243 408,364
300,345
131,989

New York
New Jersey
Pennsylvania
Delaware
.
Maryland
District of Columbia
Total Eastern States..

Corporate
Obliga- ObligaLoans
U.S.
Other stocks,
tions
and dis- Govern- guaran- tions
bonds, includof
counts, ment se- teed by States notes,
ing
includ- curities, U . S .
and
stocks
and
ing
direct
Gov- political deben- of Fedoverobligatures
eral
ernsubdidrafts
tions
Reserve
ment visions
banks

2,175
369
389

27,326
13,695
16,297
11,687
29,344
57,575
70,816
24,372
177,812
29,766

35
119

1

254
1,769
30

258

92
778
619
3,267
34

379
'""47
"966
3,371
4,434

183
462
365
1,492

2,r~

1,556
27
2,522
2,764

1,376
435
244
1,537
371
703
841
199
1,785
2,633
119

139,599
540,672
522,927
447, 236
046,134
297,077
012,627
233,299
201,689
334,309
431,090

4
37

20, 366
66,676

17, 409
15,028

963
2,269

1,163 3, 750,648 6,032,997

Total Southern States.
g Ohio
oo Indiana
g Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States. _
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

149,722
414,767

300,436
504,746

348

608,535

198,049

20,429

24
22
7
19
258

93
70

Kentucky
Tennessee.

__
_

Total Pacific States.._.
Total Unites States
(exclusive of possessions)
•
_

821, 278 1, 556,175
240
843,910
300,191
125
378 2, 095,105 4, 304, 910
78
574,147 1, 263, 646
95
791,375
247,924
180
501, 643 937,905
96
154,476 364,200
79
470, 072 650, 758

466
58

153, 769 86,121
5,232
59, 642 37, 741 1,931
278, 274 195, 236 12, 205
78, 410 58, 452 3,582
30, 574 40, 822 1,744
51, 709 55, 439 2,712
59,911
908
18,677
41, 676 35, 686 2,499

1,271 5,164, 83610, 712, 879

854

753, 965 528,174

41
35
127
174
39
26
77
24
201

30, 431
46,393
178, 787
169, 671
35, 380
30, 262
168,913
58, 387
262, 243

174,124
152,407
445, 478
416,170
174, 545
82,199
438,708
83, 537
558, 564

20

744

980, 467 2, 525, 732

3,473
9,985
263, 717 4,287,595 110, 372
64, 248 784, 289
33, 710 405, 096
84,158 2,186, 546
1
601, 012
45,368
17, 923 331, 522
19, 904 589,867
11, 754 208, 529
15, 855 551, 847

24
232

16
236

75

682
1,582

3,454

5,811

9,357

15,259

1
22
660
49

245
87
4, 570
18
49
215

4,349
2,242
16, 690
4,947
2,340
4,306
792
2,179

5,740

27, 304
9,083
28,466
10, 624
8,578
6,257
3,315
6,767

579
21
963

832
52
1,102
903
19
3,896
942
341

30, 813 292, 920 5, 658, 708 100, 394

2,295

8, 087

54, 582
59, 915
276, 860
257, 007
73, 230
46, 020
256, 812
62, 011
415,461

556

225
259
1,001
989
276
175
897
200
1,657

2,976
3,069
8,975
9,305
3,698
2,918
10, 350
4,560
15, 597

1,186
1,247
4,260
3,639
1, 636
626
2,396
1,246
6,690

100
1

995

535

116

212, 504 102,159

5,679

61, 448 1, 501,898 22, 928

168

1,109

736,656
481,906
38
595,843
282,128
22
94 3, 519, 801 4, 079,873
72, 398 200,306
15
81, 459 129, 502
12
74, 207
37, 622
5
99, 828
126, 843
3

8,903
27, 325 432,104
290, 827 10, 975
17,070
88,104 2, 002, 256 59, 570
71, 543 2,087
5,371
74, 006 1,549
2,609
22, 628
767
2,586
60, 663 2,170
6,568

135

842
337
296

22. 881 2,131
101,818
1,182
9,262
89,409
393, 927 101, 496 12,118
298
1,009
5,220
304
980
5,004
117
436
7,422
260
5,606
7,322

42
21, 029

189 4, 602,157 5, 916, 215

1,475

5,005 21, 427, 81538, 667,986
4
1
1

5,790
45, 903
949

6

52, 642

151, 290

9
4
4
79

6,468
9,172
39, 520
37,079
4,876
6,611
21, 842
7,234
79, 702

13,342
135, 766

5,011 21. 480, 45738, 819, 276

49
18

189
30
3

141, 670 16, 410 149, 633 2, 954, 027 86, 021

357

6,159 3, 025,1621, 997, 249 155, 830 1,148, 72420, 874, 867 531, 990

8,113

610,122

2,182

Total possessions




183,238
379,693

5,542
6,278
21,386
30, 782
4,787
2,273
18. 909
1,224
10, 978

Alaska
_
The Territory of Hawaii
Virgin Islands of the United
States

Total United States
and possessions

14, 536
23,960

8,396
23, 913

118
2,149

114

173
2,653
19

2,361
16, 606
351

372

276,169
23
279, 578
202
977, 869
450
926, 313
634
299, 086
30
171, 260
32
920, 645
445
47 218, 685
431 1, 353, 914

714

6,305

2,294 5, 423, 519

190
883
8,084

2,890
3,613
26,119
11
19
469
1,176

424 1, 817, 363
2,667 1, 303, 901
5,428 10, 321, 836
170 358, 750
296, 568
35
146, 331
77
311,095
457

9,157

34, 297

9,258 14, 555, 844

179

199

43, 970 87, 501 141, 654 64, 621 88,181, 641

9

3, 445

2,845

19, 318

32, 681

2,276

11

2.
6.159 3. 028. 607 000. 094 155. 8301.168.042 20. 907. 548 534. 266

8.124

3, 505,304
1,694, 999
9, 212,181
2, 643,175
1, 474, 794
2,175,135
824, 294
1, 779, 889

37, 845 12, 261 23, 309, 771

11

168
3,277

1,437
1,270
4,252
1,998
1,666
703
303
632

603
632
1,148
616
610
144
1,373
139
1,040

775

25, 045

691,103
23^
897 1,420,183
11, 374 15,317,945

15
176

30, 374
231,066

21

602
25

12

3,919

21

627

203

265, 359

43. 970 87. 522 142. 281 64. 824 88, 447. 000

to

TABLE N O . 32.—Assets and liabilities of active national banks, Dec. 81,

1947—Continued

to

LIABILITIES
[In thousands of dollars]

Demand
deposits

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.

130, 487
136, 763
59, 498
2, 360, 541
209, 941
538, 732

Time
deposits

92.083
43,010
66,023
509, 380
24, 429
179, 230

Total
deposits

222,570
179,773
125, 521
2, 869, 921
234, 370
717, 962

Bills pay- Mortgages
able, redisor other
counts, and liens on
bank
other
premises
liabilities
and on
for
other real
borrowed
estate
money

490
205
2,865

18, 295
205
26

500

3, 435, 962

914,155

4, 350,117

4,060

10, 758,126
1,196, 944
4, 542.140
25. 754
542, 526
493, 805

1, 632, 590
984, 766
1, 959, 661
13,114
176, 495
107,434

12. 390, 716
2,181, 710
6, 501, 801
38, 868
719, 021
601, 239

34, 420
1,075
2,935

17, 559, 295

4, 874,060

22,433, 355

38, 430

745, 877
365. 575
401,146
373, 425
819, 351
1.002,092
753, 461
174,141
943,862
4, 576, 605
349, 231
538, 800
1, 061, 816

311,267
138,370
92, 932
53, 439
169, 047
218, 972
197. 852
47, 344
197, 233
463, 358
57, 230
111, 149
279, 593

1, 057,144
503,945
494, 078
426,864
988, 398
1, 221, 064
951, 313
221, 485
1,141, 095
5, 039,963
406, 461
649, 949
1, 341, 409

765

12,105, 382

2, 337, 786

14, 443,168

795




Acceptances executed by Income Expenses
or for ac- collected accrued
count of
and
reporting but not unpaid
banks and earned
outstanding
289
116
385
3,962
220
922

369
174
237
9,090
864
2,444

Other
liabilities

250
118
268
10,981
178
716

Capital
stock i

7,740
5,685
4,716
74, 322
9,570
20, 983

Surplus

8,662
7,846
4,419
116, 002
11, 263
22, 752

Undivided
profits

Reserves
and retirement
account
for
preferred
stock

4.235
4,008
2,598
39, 675
3,687
9,321

1,332
1,164
1,360
18, 743
294
3,748

18, 526

5,894

13,178

12, 511

123,016

170.944

63, 524

26, 641

42, 772
277
8,221

13, 628
2,652
5,339

258

209
254

39, 468
4,017
17, 679
3
'597
1,299

218, 949
1,247
4,413
48
729
1,011

286, 815
57,193
215, 030
1,669
14,145
11, 300

527, 455
59, 332
341,021
3,076
22,100
14, 700

163, 534
24, 596
98, 512
566
8,371
6,493

35,052
13, 435
40, 766
120
4,557
1,428

30

51, 528

22,082

63,063

226, 397

588,152

967, 684

302,072

95, 358

12

85

45
75

842
176
694
374
1, 984
1,194
1.260
68
500
1,300
436
534
2,220

2,311
656
895
847
2,379
2,414
2,357
247
2,850
8,491
280
796
2,120

1,031
297
198
288
1,111
697
519
117
1,047
2,184
201
502
655

26, 346
12, 290
8,350
6,100
18,197
27,100
18, 294
4,474
16, 870
103,918
7,930
14, 010
23, 407

33,123
15, 553
12, 381
7,396
19. 840
31, 955
23, 272
6,198
25, 458
107,875
9,893
18, 526
35,133

13,157
5,535
4,080
3,557
7,201
8,231
10,198
260
8,209
46, 506
4,978
5,426
12,028

4,783
2, 2^0
1,872
1, 810
6,977
4,422
4,223
450
1,437
18, 328
911
1.315
3,106

11, 564

11, 582

26, 643

8,847

287, 286

346, 603

129, 366

51, 854

30

379
47
225

966
4,223
5, 744

30
237

564

1,013,997
400, 866
1, 895, 828
828, 684
512, 845
508, 807
150, 814
223, 800

3, 274, 753
1,603,394
8, 647,116
2,495, 768
1,386, 079
2, 041, 910
782, 442
1, 686,933

Total Middle Western
States
16,382, 754

1, 025

25

5, 535, 641

21, 918, 395

198, 934
219, 754
822,154
801, 331
236, 368
131, 824
699, 819
178, 299
1,173,129

65, 631
47,386
105, 465
78, 777
49, 918
30, 450
173, 504
30, 774
95, 734

264, 565
267,140
927, 619
880,108
286, 286
162, 274
873,323
209, 073
1, 268, 863

Total Western States.

4, 461, 612

677, 639

5,139, 251

__ __ . .

1, 251, 384
882,349
5, 812, 962
268, 527
222, 626
90,359
237,384

475, 602
352, 433
3, 901, 736
75, 455
59,150
48, 423
60, 324

1, 726, 986
1, 234, 782
9, 714, 698
343, 982
281,776
138, 782
297, 708

Total Pacific States...

8, 765, 591

4, 973,123

13, 738, 714

175

Total United States
(exclusive of possessions)
62, 710, 596

19,312, 404

82, 023, 000

45,135

7,146
118, 647

28, 606
220,186

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona .

_ _ . __
_ _ . ..

Alaska ._
The Territory of Hawaii .
Virgin Islands of the United
States

21, 460
101, 539
1,815

1,749

124, 814

127, 542
19, 439, 946

82, 275,356

91,667
37, 209
213, 774
65,148
29, 915
53, 631
17, 550
33, 428

33, 078
16, 956
69, 865
16, 255
19,105
17,983
7,055
20, 602

10, 483
5,301
52,339
11, 890
9,303
13, 486
3,175
3,205

22,069

50, 417

12,371

446, 795

542, 322

200, 899

109,182

147
180
436
436
202
169
307
137
645

548
642
970
1,028
502
104
1,772
13
2,122

38
48
263
216
9
57
131
217
842

3,840
3,663
16, 660
15, 885
4,620
2,450
12, 734
3,566
25, 433

4, 041
5,047
16, 540
17, 545
4,628
3,616
17, 298
3,318
30, 263

2,023
1,555
9,840
9,196
2,335
1,991
11, 419
362
19,366

967
1,271
4,891
1,714
504
599
3,661
1,999
5,845

32
650
6

650

38

179

714

2,659

7,701

1,821

88, 851

102, 296

58, 087

21, 451

381
883
11, 269

1,880
1,049
17, 218
159
304
149
1,626

2,760
3,061
33, 951
657
792
459
732

1,366
1,538
47, 559
176
172
441
55

24, 805
16, 275
187, 216
4,685
4,025
1,810
4,300

30, 460
23, 381
193, 418
5,301
5,826
2,100
4,850

16,115
17,351
96, 548
2,536
2,173
2,582
1,130

12, 610
5,581
19, 784
1,254
1,489
8
694

11

12, 533

22, 385

42, 412

51,307

243,116

265, 336

138, 435

41, 420

316

101,161

86, 671

203, 414

313, 254

1, 775, 216

2,395,185

892, 383

345, 906

267

14
15

400
4,000

775
3,500

366
464

213
2,584

175
11

252,356

62, 835, 410

82, 753
27, 260
187, 949
40, 805
26, 980
37, 371
12, 699
30, 978

3,564

Total possessions.. . .

1,717
814
6,500
1,549
303
502
176
810

245
87
5 118
18
49
215

100

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

6,921
2,743
22,762
6,569
2,318
5,993
743
2,368

6,296

900

.

2,787
1,2,35
6,658
5,173
717
4,044
454
1,001

535

2,260, 756
1,202, 528
6, 751, 288
1, 667,084
873, 234
1, 533,103
631, 628
1,463,133

Ohio
Indiana _
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

Total United States
and possessions
1

21

4

316

13

6

150

60

19

103

21
45,135

29

33

280

35

4,550

4,335

849

2,900

101,182

86, 704

203, 694

313, 289

1, 779, 766

2, 399, 520

893, 232

348, 806

See classification on pp. 130 and 131.




fcO

TABLE N O . 32.—Assets and liabilities of active national banks, Dec. 31, 1947—Continued

to

[In thousands of dollars]

00
Loans and discounts

Commercial and
industrial
loans (including
openmarket
paper)

Location

Maine
New Hampshire ..
. - .
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States




Loans to
brokers
and dealers in
securities

Other loans
for the
purpose of
purchasing
or carrying stocks,
bonds, and
other
securities

Real-estate loans
Other
loans to
Secured Secured Secured indiLoans
by farm by resividuals
to
dential
by
land (in- properties other
(conbanks
cluding
(other proper- sumer
improve- than
loans)
ties
ments)
farm)

All

other
loans

Overdrafts

232

2,684
1,812
872
26, 748
3,301
5,666

3
6
19
191
12
30

4,966

41,083

Total

18,429
221
248

788
1,799
1,961
13,716
2,468
5,502

1,264
1,124
3,225
973
104
1,007

11,436
11,803
11,897
48,376
5,824
37,160

3,822
2,909
2,825
39,330
2,370
10, 717

13,965
12,255
12,832
136,809
* 9,783
32, 215

* 15,048

18,994

26, 234

7,697

126,496

61, 973

217,859

261

1, 297,932

26
43
145
8
243

27,882
5,566
24, 229
865
2,483
21

192,888
3,148
13,979
689
496

79,290
14,166
25, 635
866
12,536
4,309

16, 988
4,312
29,063
1,245
5,633
78

186,447
157,790
293,733
3,469
25, 574
21, 545

58,019
31, 217
78,124
914
8,211
11,816

407,463
98,801
217, 665
703
18,607
23,501

13,767 116,118
8,136
775 30,145
193
3,739
6,947
39

1,331
54
144
1
28
26

3, 284,110
456 591
1,622,352
11 490
125 243
131, 989

3,339, 901

465

61,046

211,200

136,802

57,319

688, 558

188,301

766, 740

14, 581 165, 278

1,584

5,631, 775

104, 797
28 734
59,748
44,064
163, 527
122,827
113,361
16,299
145,375
833,320
26,736

32

13,229
1,875
2,410
1,692
5,393
3,952
9,973
2,306
4,172
93,017
8,255

1,737

15, 762
2, 567
9,269
2,140
17, 682
18,739
11,949
1,182
9,600
76,310
1,007

13,068
3,178
1,992
1,401
3,389
1,526
4,460
1,618
1,714
17, 968
3,665

79,869
36, 769
9,050
9,997
19,021
17,116
30,667
5,231
16,052
67,039
9.290

22, 933
8,034
5.389
8,376
10, 514
14,163
11, 291
2,926
10, 728
45, 747
5,574

67,158
30,049
29, 584
20,025
71,607
47,337
46,115
10, 212
31, 263
189,171
23,933

13,134
1,510
2,763
4,348
10, 217
10,651
4,907
1,228
16, 521
41,020
1, 525

66
17
22
22
267
41
122
105
361
2,225
61

332 485
112 733
121 554
92, 792
309,101
239 617
236,120
41, 269
237, 546
1,381,430
81, 512

3,638
2,195
5,011
2,510
24
1,670

2,480

2,183,891
133,358
908,715
3 226
47,500
63, 211

-

- _
_
_

_
_
.

_

22 560
28,911
10 976
609,619
37,304
65,471

2,480

774,841

_

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
..-

Loans to
farmers directly guar- Other
anteed by loans to
the Com- farmers
modity
Credit Corporation

39
355
2,521
1,200
44
80
7,557
612

93
3

959
372
1,969
1,988
2,075
118
1,393
7,205
754

110
45
4,579

900
329
2, 994
1,277
287
851
100

62 843
62,862
49 618
901 280
61,411
159,918

Kentucky _
_
Tennessee
Total Southern States
Ohio...
_.
Indiana
Illinois .
Michigan
Wisconsin _ _
Minnesota
Iowa _
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska
_
._
Kansas
Montana
Wvomin?
^
Colorado
M
...
New Mexico
Oklahoma
Total Western States
Washington.
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive of
possessions)
Alaska
The Territory of Hawaii
Virgin Islands of the United States.
Total possessions
Total United States and possessions..




3,533
8,528

73
176

149, 722
414, 767

7,458 119, 885

3, 558

3, 750,648

250
90
1,511
157
143
347
88
101

821, 278
300,191
2,095,105
574,147
247,924
501, 643
154,476
470,072

664 133,175

2,687

5,164,836

416
690
4,978
3,943
235
318
6.200
796
3,327

35
64
156
144
60
32
67
51
189

30, 431
46, 393
178, 787
169, 671
35, 380
30, 262
168, 913
58, 387
262, 243

461 -20,903

798

980., 467

6,368
3 381
57, 515
2 407
2, 578
281
73

510
547
5,351
80
215
49
393

481, 906
282,128
3, 519, 801
72,398
81,459
37, 622
126, 843

72, 603

7,145

4, 602,157

351
369

54,070
237, 873

176
209

14,021
11,867

448
3,953

4,329
25,824

9,582
6,350

23, 882
25,188

6,965
11,693

32, 292
82, 737

1, 950, 731

12,825

172,162

22, 971

196, 360

69, 911

348, 971

164,333

681,483

329, 649
125, 892
1 394 421
207, 346
128 547
256 661
61 859
257,194

105
2
328
59
696
38
35

19,258
10, 944
44, 239
5, 253
6,471
18 889
22, 725
28, 388

7,646
1,086
51, 989
3,506
329
2 683
'651
3,090

28,098
4,897
100, 512
13, 062
3,267
18, 632
2,787
13, 937

27, 962
11, 625
15, 384
5, 849
5,350
8,337
6,115
4,985

187, 067
76, 511
175, 648
179, 658
52, 565
73, 932
27, 629
67, 305

45, 853
14,643
47,087
35, 238
13,636
14, 639
6,257
13,347

154, 444
47, 449
232, 891
97, 995
28, 828
81, 853
24, 273
68, 784

8
305
98
25
28
100

20, 938
6,747
30, 997
25, 999
8 760
24 874
2,054
12, 806

2, 761, 569

1,263

156,167

70, 980

185,192

85, 607

840,315

190, 700

736, 517

9 201
13 141
65, 804
65 606
11 717
8 562
62,030
21, 245
139, 275

1,470
1,002
1,312
3,075
197
183
1,243
1,378
3,030

4,932
10, 443
47, 791
38, 260
7,723
8,210
40, 928
8,736
29, 951

419

502
855
9,479
1,086
184
838
2,075
1, 288
1,971

1,199
1,024
3,508
6,371
790
1,057
3,817
1,316
6,534

4,921
9,476
11, 038
14,315
5, 735
5,152
22,187
12, 921
24, 584

1,748
2,320
7,399
4,209
1,923
2,439
9,853
3, 590
7,130

6,007
7,378
26, 475
30, 919
6,816
3, 471
20,105
7, 066
45, 832

396, 581

12, 890

196, 974

2,957

18, 278

25, 616

110, 329

40, 611

154,069

250,300
141 460
1 307 514
24 552
3l'l93
8 542
53,' 158

1,205
705
818
1,032
1,072

14, 759
14, 696
123,155
10, 896
5,633
3,240
19, 943

2,241
267
31, 548
80
387

9,155
80,046
38, 866
5,088
52, 220 1,362, 486
2,504
16,848
17, 214
1,381
1,098
13,351
2,517
27,043

29, 497
15, 930
145,023
5,517
4,497
4, 457
2,741

78,135
50, 366
389, 281
7,840
15,141
5,546
20,410

2,000

463

7,690
10, 822
44, 666
642
2,148
3,058
102

1, 816, 719

4,832

192, 322

34, 986

67,128

73, 963 1, 555, 854

207, 662

566, 719

2,224

11,040,342

34, 755

793, 719

362,088

629, 994

320,113 3,670, 523

2 785
18,045
246

408

30
5,899
4

2,249
16

5,933

2, 265

21,076
11,061,418

772
1,358

34, 755

795, 984

362,088

635, 927

4
729
59

1,812
8,856
356

792

11,024

320, 905 3, 681, 547

853, 580 3,123, 387

100

75
385

1

224

30, 354 552, 927

441
3,185
128

717
4,540
139

3,754

5,396

2,359

857, 334 3,128, 783

30,354 555, 286

2,359

16,033 21, 427, 815
1
41
1

5,790
45, 903
949

43

52, 642

16, 076 21,480,457

to

TABLE N O . 32.—Assets and liabilities of active national banks, Dec. 81, 1947—Continued

CO
O

[In thousands of dollars]
Capital stock
Common stock

Location

Preferred
stock

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

15
128
229
535

Total New England
States
_
New York
New Jersey
Pennsylvania
Delaware
- _Maryland ^
District of Colmnbia

-

Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
_
Alabama
Mississippi
Louisiana
._
Texas
_
Arkansas
Kentucky
Tennessee
.
Total Southern States-




Unimpaired
7,740
5,670
4,588
74,093
9,570
20,448

Time deposits

Demand deposits

Par
value

Individuals, part- U.S.
nerships, Governand corment
porations

7,740
5,670
4,588
74,093
9 570
20,448

112,472
112,425
52 995
1,859,776
189 260
467,726

1,742
2,162
853
24,062
2 202
7,046.

States
and
political
subdivisions

Banks
in
United
States

Banks
in
foreign
countries

Certified and
cashiers'
checks
etc.i

Individuals, partnerships,
and corporations

U.S.
Government

6,841
11,527
2,914
129,209
7,871
26,412

7,199
6,091
976
284,876
7,632
21,039

4

2,229
4,558
1,760
43,453
2 431
16, 509

91 230
42,526
65 517
504 785
24 155
178,047

557
312
181
4 196
222
871

7
20
3
77
50
15

184, 774

327,813

19,165
545

Postal
savings

States
and
political
subdivisions
284
152
322
277
2
297

Banks Banks
in
in
United foreign
States countries
5
45

907

122,109

122,109

2,794,654

38,067

19,714

70,940

906,260

6,339

172

1,334

50

4,387
6,486
460
25

282,428
50,707
214, 570
1,644
14,145
11,300

282,511
50 707
214,570
1,644
14,145
11,300

7,961,669
981 674
3,754,860
24,212
411,920
433,250

143,103
18,514
47,626
353
4,954
7,492

264,181 1,364, 939 585,229
22,540
147,030
16
142, 929
518,954 15,225
245
450
42,055
80,153
186
139
38,332
3,422

439,005
27 170
62,546
494
3,258
11,170

1,595,324
978 584
1,891,404
13,092
170,600
106, 909

11,942
1 810
458
10
1,499
500

395

20,960
4 338
64,877
12
1,091

1,314
34
2,527
3,297

11,358

574, 794

574,877 13, 567,585

222,042

596, 579 2,025,368 604,078

543, 643

4, 755, 913

16,219

428

91,278

7,172

25

160
214
58
1,185
199
420
447

26,321
12,290
8 350
6,100
18,147
27,100
18,134
4,260
16,812
102,733
7,731
13,590
22,960

26 321
12,290
8 350
6 100
18,147
27,100
18,134
4,260
16, 812
102, 733
7,731
13, 590
22,960

553,600
292,700
324 328
305,483
569,896
742,951
562,236
117,711
623,626
3,305,907
271,239
452,927
674,140

43,619
31, 896
41,344
42,241
76,364
120,393
100,692
30,583
126,167
325, 543
27, 716
25,452
94,035

294,154
136,029
91 022
52,199
167, 577
200,073
196,124
46,629
192,244
401,638
56,987
109,343
271,056

3 604
1,672
1 785
640
1,143
1,202
853
695
621
7,089
15
810
4,095

14
30
1
7
31
61
10

12 899
390
84
283
133
16,176
125

596
249
40
310
163
1,460
740
20

61

21,410
9,557
7,784
4,261
11,204
12,145
8,087
820
12,402
130,872
4,033
6,466
12,888

59
370
19
16
58

4,309
50,493
154
910
970

3,768
55
70
3,414

2,758

284, 528

284, 528

8, 796,744

15,753

241, 929

24,224

676

86,926

10,885

50

19,603
8,119
5 572
4,852
9,511
8,087
6,938
2,837
5,211
37,390
3,194
4,475
8,823

107,645
23,303
22,118
16, 588
152,316
116,817
75,144
22,190
170,131
769,649
43,049
49,480
271, 869

124,612 1,086,045 1,840,299

60
1,699
364
6,325
7,244

2,215,075

8
25

3,050

3,050

Ohio
Indiana
._ _Illinois
Michigan
_Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States
North Dakota
-. ._
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma. _.
Total Western States..Washington.. _
_
Oregon
_ . __
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exelusive of possessions).
Alaska
The Territory of Hawaii
Virgin Islands of Che United
States
Total possessions
Total United States and
possessions
1

._

75,661
27,055
187,830
39, 475
26,805
36,160
12,669
30,978

75, 661
27,055
187, 830
39, 475
26,805
36,160
12, 669
30,978

10,162

436, 633

436,633 12, 242,098

33
30
60
90
76

3,840
3,663
16, 627
15, 855
4,560
2,360
12 658
3,566
25, 433

3,840
3,663
16, 627
15, 855
4,560
2,360
12 658
3,566
25, 433

175, 540
182,181
603,748
586,145
189,178
101,259
574 846
132 787
847, 721

3, 858
4,227
7,498
9,203
2,637
1,950
6 816
1,963
12, 889

5,596
20 042
39,131
116 844
27, 271
15 303
31 673
31 043
143,833

12, 070
11,494
164, 720
80 309
14,199
11,003
79 643
9 957
148, 315

289

88,562

88, 562

3,393,405

51,041

430, 736

531,710

22

700

24, 783
16, 275
186, 077
4,680
4,025
1,810
3,600

24, 783
16, 275
186, 077
4,680
4,025
1,810
3,600

1,021,977
732,989
4, 790,703
221,317
164,000
71, 813
197, 599

14, 236
9,149
64,496
3,450
942
1,254
1,512

110, 442
84, 462
481, 296
36, 278
28, 055
14.314
30, 686

1,866

241, 250

241, 250

7, 200,398

95,039

785, 533

7,092
205
119
1,330
175
1,211
30

1,139
5

1,843,173
902,080
5.035,050
1,352,792
684,002
1,029,247
423,540
972,214

27,340 1, 747, 876 1, 747, 959 47,994,884

1,326
2, 637
2, 211
2,896
4, 562
237
2,373
697

170
290
99
35
34
121
52
123

69,190
27
128,109
4,792
9,701
1,904
26
4,778

540
415
2,513

1,013

941, 456
396, 697
1,765, 4C9
820, 421
498.133
504; 032
148, 363
218,197

29, 946

222,973

5, 292,708

16,939

924

218, 527

6,543

1,870
1 810
7,053
8 830
3, 083
2 309
6 811
2 549
20,371

65,432
46, 596
105, 326
76 266
49, 609
30 006
170 881
30 254
88, 397

50
102
1 503
2
340
100
502
501

5
2
22
38
5
18
5
11
95

194
738
9
887
297
36
206
4,458

6
83
5
50
2 312
7
2,283

34

54, 686

662, 767

3,100

201

6,825

4,746

80,811
36,239
231, 883
4,565
27, 982
910
2,599

3,489
972
40,178

473,
346,
3, 744,
74,
58,
45,
59,

606
696
638
702
590
893
859

1,457
84
13, 437
667
490
127
250

14
15
360
11
20

5,488
141,724

525
150
1,577
75
50

501

20, 429
18, 538
204, 406
2,917
1, 647
2,068
4,487

5

2,403
210

384, 989

45,140

254,492

4, 803, 984

16, 512

425

149, 825

2, 377

794,718 4,157,164 7, 660, 502 714, 665 1,388, 663 18,636, 707

83,333

2,826

554,715

31, 773

8

5
10

20
94

1,677
178
19, 931
4,211
627
2,309

263,917 1,073,497 2, 550, 323

400
4,000
100
100

400
4,000

17,746
65, 702

2,081
19,195

1,153
12, 437

74
1,264

50

50

878

250

661

4

30

13

4,450

4,450

84,326

27, 440 1, 752, 326 1,752,409 48,079,210

1, 855
1, 215

44,999
18, 640
80,815
21. 608
14,758
21,772
8,277
12,104

194, 654
145, 215
112.953
152 671
366,724 1,150,187
139,014
104, 445
103,624
50, 272
328, 027
121,017
61 \ 151
400,847
62, 045

31,038
16,006
98,581
45, 014
19,951
20.774
17,643
14,910

7 113
118, 543

13

126

406
2,815

1,654

5

89

1

5
5
3,055

127,310

8

15

203

1

816,244 4.171, 415 7, 661, 853 714,791 1,391,897 18, 764, 017

83,341

2,841

554,918

31, 774

21, 526

14, 251

1,351

• 126

3,234

3,050

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve banks (transit account).




CO

TABLE NO. 33.—Assets and liabilities of all active hanks other than national, Dec. 31, 1947 (includes State commercial, mutual savings, and
private banks)

InvestBalances
with other
Real ments and
CorpoObligabanks, inBank
estate other assets
rate
Loans
Govern- tions of
Other
' eluding
premises owned indirectly
stocks,
States
Curbonds, including
Num- and dis- ment obother representowned,
reserve
rency
counts,
ligations, and ponotes,
ber of
ing barfk
stocks of and coin balances, furniture than
and debanks including direct and litical
and cash
and fix- bank
premises
Federal
overdrafts guaran- subdivi- bentures Reserve
premtures
or other
items in
sions
teed
ises
process of
real esbanks
collection
tate
U.S.

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 S t a t e s Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States...




63
57
39
257
20
137

293,963
212,257
70,060
1, 254, 528 2, 791,482
166,883
492, 111
506, 935 1,255, 252
115,951
112,101
120, 769

573 2, 277,167 5,115,125
403
153
355
28
113
10

8, 735, 607 15, 686,125
638, 901 1, 528,347
1,036, 584 2, 318, 666
120, 460
226, 744
276, 277
778, 772
110, 785
205,515

1,062 10, 918, 614 20, 744,169
183
106
181
126
325
124
155
181
126
450
178
295
227

271, 980
117,815
360. 551
50,492
256, 059
96,118
83.313
126,368
112,126
296, 264
70,348
269,833
176, 284

313,387
209, 742
587, 310
120,430
292,942
286, 589
132,848
222,096
170, 686
450,387
178,091
433, 781
246,920

2,657

2, 287,551

3, 645,209

2, 519
1,679
1,734
24, 767
10,286
14,197

472
503
94
1,179
765
973

666,189

55,182

3c
,

2,219

5, 644,676
364, 744
714, 547
91, 213
192, 479
110,346

189, 823
31,868
49,363
2,727
8,990
7,554

9,924
848
4,923
229
188
209

5,280
400
6.271
656
31
1,400

7,118, 005

290,325

16,321

14,038

161, 269
83,249
365,867
76.019
185, 570
103,185
83, 545
156,471
165,181
356,470
126,488
256,294
149,891

7,070
2,932
6,355
828
5, 555
2,713
1,087
3,349
2,151
6,803
1,439
3,730
4,909

109
134
77
88
302
142
61
162
24
1,395
17
14
692
3,217

1,586

7,222
23,899
1,965
56, 939
27, 731
43,850

10,115
2,030
2,642
44,199
13,089
33,125

78, 764

605,223

161,606

105,200

466,639
117,931
124,449
13,293
17,810
787

743,050
184,160
514,331
67, 722
66,183
12,170

84, 686
15.410
24, 751
3,616
3,118
928

258, 999
50, 747
82, 786
6,164
23,125
7,851

740, 909 1, 587,616

132, 509

429, 672

14,972
7,195
53, 596
4,563
4,149
3,144
3,228
4,811
3, 691
10,001
3,771
17,658
6,130

992
843
1,486
354
1,149
214
321
329
747
2,271
157
856
1,898

18, 870
12,118
38, 862
9,172
21, 605
16,331
10, 557
17,872
16,913
28, 569
8,672
19,016
15, 794

136,909

11,617

234,351

2, 269,499

16,406
10, 758
61,940
17,982
16, 779
19,880
15,459
78. 916
62, 779
58,049
19, 577
15,062
43,017
436,604

Customers'
liability
on acceptances
outstanding

40,691
13,972
13,483
326,954
73, 257
197,832

48,921

30
23
93
4
289
68
1
12

Total
assets

2,600
1,096
25

516,621
400,004
226,433
4,866,448
848,103
2,242,335

3, 721

25, 562

9, 099,944

80
769
1,101
269

Other

1,159
182
233
7,993
1,721
14, 274

315
661
90

32,874

36,675
23,721
8,936
335, 684
57.209
142,998

7,774
9,660
5,748
19, 022

CO

to

ASSETS
[In thousands of dollars]

61, 070 123, 596 32, 009,475
9, 753 2,943, 571
462
18, 829 4, 896, 406
906
1,023
534,322
475
128
9,631
1, 376, 732
1,358
458,903
63,041

17

234

164,190

42.219,409

1,815
1,203
7,913
370
1, 772
966
344
558
599
1, 843
418
860
1,024

807.185
446,650
1,484,047
280,298
785, 940
529,322
330,856
611,034
535.186
1, 212,120
408.979
1, 017,116
646,650

19,685

9,095,383

Ohio
Indiana
Illinois
Michigan..
_
Wisconsin
Minnesota..
__ ._
Iowa
Missouri
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming.. .

Colorado
New Mexico
Oklahoma

__
..

_ _

Total Western StatesWashington
Oregon

_ ._

California
Idaho
Utah
Nevada. .
Arizona
Total Pacific States

431
367
505
369
461
500
566
518

1,048,434
329, 206
590, 917
610, 299
382, 860
230, 315
350, 684
760, 598

1, 946,126
813, 881
1, 757, 772
1,314, 587
837,570
566, 896
913, 774
1,031,911

145, 745
36, 526
170, 574
135,144
78,847
39,539
69,433
78,444

106, 466
30, 740
120,460
54,413
46,418
43,583
19,720
50,432

4,319
733
5,764
2,405
748
310
543
17, 085

81,005
33,331
41,204
53,682
26, 672
14,097
27,142
34, 475

793, 111
287,002
719, 063
423, 718
253,294
142, 644
317, 934
692,092

22,110
6,891
16, 430
15,837
7,672
2,892
4,624
11, 607

354
90
51
33
43
2
48
1,401

1,125
310
16
22
653
561
1,336
125

3,717

4,303,313

9,182,517

754, 252

472, 232

31,907

311, 608

3, 628, 85S

88,063

2,022

4,148

111
135
291
436
73
29
69
23
185

20, 882
38, 439
69,445
168, 440
47, 721
17, 994
72, 412
21, 823
64, 709

240, 474
162, 849
240 131
385, 728
152,456
35, 873
117,345
31,327
119, 835

13 043
9,610
9 372
34,358
7,301
1,278
6,552
2 406
19,061

5,861
4,325
4 754
2,301
4,108
528
1,664
207
1,755

85
70
68
350
194
39
158
44
48

3,326
3,380
4 227
8,764
3,593
1,201
4,272
2,568
5,037

52 858
53,287
91 020
169 251
69, 584
25, 222
70,125
22 660
71,674

421
713
908
2 009
564
406
685
304
838

7
34
8
4
25
75
1
3

1,352

521,865

1,486,018

102, 981

25, 503

1,056

36,368

625, 681

6,848

157

388

87
49
108
33
48
3
8

116,996
37,346
947, 548
25, 274
98,283
11, 295
26, 241

253, 507
90,370
1, 754, 219
51,361
115,131
11, 652
62, 227

17, 613
7,162
157,831
3,044
9,611
819
6,198

11,372
144
43, 428
297
1,809
3
1,144

123
46
4,227
30
272
15
83

6,732
2,842
35, 374
1,701
4,072
801
3,050

69,036
30, 676
667, 259
24, 413
66,140
4 260
22,107

1,441
720
25, 560
473
675
226
1,602

4
55
180

13
24
4

38
1

207

336

1,262, 983

2,338, 467

202,278

58,197

4,796

54,572

883, 891

30, 697

278

343, 491 1,171, 771

15,192,123

520,036

25, 981

2,788
2,042
3,885
14,104
30,047
182

7,099
1,055
22
38,371
19, 545
566

284
44
2
2,017
2,921
1

42

11
116

9,224
1,725
10,424
4,778
2,304
1,548
857
6,190

4,158,139
1, 540,455
3, 433,187
2, 614, 967
1,637,081
1, 042,387
1, 706,106
2, 684, 476

828

37,050

18, 816, 798

238
93
195
378
305
43
851
30
742

337 195
272, 766
420 169
771 972
285, 830
82,609
274,145
81,370
283, 704

20

2,875

2, 809, 760

23
4,091
20

757
254
8, 323
24
159
110
180

477, 617
169, 639
3, 648, 044
106, 637
296, 397
29,182
122, 933

349

4,134

9,807

4, 850,449

22, 728

71, 978

259,169

86, 891, 743

162
27, 736
1,023
794
11, 543
4

36, 496
33, 381
31,107
259, 756
305,319
1,997

120
20
512
49

15
385
1

5

2

161

Total United States

(exclusive of possessions)

Alaska .
C anal Z one (Panama)

Guam.. __
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United
States
Total possessions
Total United States
and possessions

9,697 21, 571, 493 42, 511, 505 2, 315, 788 2, 885, 680
15
4
1
8
17
1

9,967
769
760
75,166
89, 937
13

14, 605
1,735
25,415
114, 805
128, 560
1,231
91

8

4

176, 612

286, 442

17,598

12, 224

1
47
9,744

1,549
8,834
8, 756

4,384
6,287

21, 748,105 42, 797, 947 2, 333, 386 2, 897, 904

NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




979

252
25

50
64

7,634

1

6

2

112

53,049

66, 664

5,269

319

114

7,634

41, 264

668,168

344,470 1, 224, 820

15, 258, 787

525,305

26,300

22,-842

79, 612

300, 433

87, 559, 911

979

CO
GO

TABLE N O . 33.—Assets and liabilities of all active banks other than national, Dec. 31, 1947 (includes State commercial, mutual savings, and

CO

private banks)—Continued
LIABILITIES
[In thousands of dollars]

Other
liabilities

Surplus

Undivided
profits

Reserves and
retirement
account for
preferred
stock and
capital notes
and debentures

3

7,335
2,293
10, 371
36,187
13, 570
22,196

23,040
23,112
3,666
230, 228
46, 290
115,112

16,141
12, 658
4,358
194, 569
5,696
70,292

2,043
3,763
2,818
13,094
3,994
3,913

o

91,952

Time
deposits

Total
deposits

348,179
344, 239
171,971
3,455,613
549, 658
1, 513,074,

465,372
357,207
203, 766
4, 367, 213
768,134
2, 019, 748

1,500
50
644
1,205

1, 798, 706

6, 382, 734

8,181, 440

3,529

3,721

44, 515

441,448

303,714

-

New York
New Jersey
Penns yl vania
Delaware
Maryland
District of Columbia...

28,922,263
2, 713, 461
4,429,133
476, 998
1,260, 021
422, 661

2,514
650
864
165

71, 014
462
906
475
128

173, 670
13, 564
27, 547
2,082
6,317
3,177

540, 005 1, 649, 313
114, 760
57, 938
252, 362
107, 972
25,550
10,191
19, 667
51,194
17, 050
9,600

548, 521
25, 539
59, 501
8,207
33,820
4,482

Total Eastern States

102,175
17,197
18,121
10, 654
5,585
1,933

21, 494,131

16, 730, 406

38,224, 537

4,193

72, 985

226, 357

745, 373 2,110, 229

130

2,600
1,096
25

1,190
921
810
21, 352
9,323
10,919

Capital
stock i

745 270
405,942
1,392, 579
264, 733
725,100
499, 096
310,277
577,933
505, 611
1,142,957
387,125
948,028
603,856

Total Southern States

6,919,167

1, 589,340

8, 508, 507

8,540

155,665

91

263 260
126, 390
262, 290
35 811
153,416
131,470
59 710
87,430
86, 313
92 076
39,421
107, 650
144,103

680,070

5,478
1,836
12,032
359
6,613
1,174
532
1,117
1,410
5,742
293
4,119
2,823

21,067
12, 592
20,075
6,261
18, 715
10,046
6,749
11,124
10,907
26,280
8,417
23,492
16,041

20, 368
16, 304
39,221
5,772
21,064
12,760
7,843
18,864
10,489
23,151
7,194
28, 983
13,543

8,848
5,030
11,823
2,354
9,748
3,770
4,639
884
4,825
10,942
4,705
9,412
8,115

4,454
2,056
6,808
819
3,847
1,982
764
889
1,844
3,048
1,245
2,220
2,181

234

43, 528

191, 766

225, 556

85, 095

32,157

1,700
2,890
1,509

-- -

482 010
279, 552
1 130,289
228 922
571, 684
367, 626
250 567
490, 503
419, 298
1 050,881
347, 704
840, 378
459,753




O

29, 625

12, 201, 464
1, 523, 230
2,089, 743
139, 907
659, 989
116, 073

Demand
deposits

117,193
12,968
31, 795
911,600
218, 476
506, 674

Total New England States

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

Acceptances
executed by
or for account of reporting
banks and
outstanding

16, 720, 799
1,190, 231
2, 339, 390
337, 091
600, 032
306, 588

Location

Maine
New Hampshire.
Vermont
Massachusetts
Rhode Island
Connecticut

Bills payable, rediscounts, and
other liabilities for
borrowed
money

825
477
52
125
100

28
17
98

862

M
O

W
O

o

--

-

-

-

_

--.

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

_ _.
_

._ _._ _. . . .
__ _
._ __

- __

_ _ - _.

Total Western States
Washington
Oregon __
__
California
Idaho __ ._ _
Utah
Nevada __
Arizona.

. . .

1

Includes capital notes and debentures.




11
116

20 179
3,877
37 256
9,286
2,419
1,362
1,340
8,858

6, 754, 633

17, 677, 496

2,289

843

84, 577

82,113
37, 602
36, 543
82,054
46, 459
15,910
55, 451
10,178
20,375

320, 371
260 404
397, 230
728,122
273,948
77,992
257, 762
77, 570
265, 278

190
93
645
741
354
141
1,228
28
828

386, 685

2, 658, 677

4,248

225
435

15

57

5

876
1,593

20

271, 290
58, 299
1, 673, 438
19, 944
105, 489
8, 534
36, 414

449, 234
161,149
3, 442, 971
101, 559
277, 639
27, 775
115, 532

300

23

55

4,558
20

2,173, 408

4, 575, 859

355

4,601

45,809, 310

.

34, 017, 206

79,826, 516

20, 499

10, 912
3,607
7,768
123, 329
118, 409
506
26

33, 633
33, 343
29, 579
240,173
272, 317
1,859
80

6
150
8,824

7,648

346,427

..

22, 721
29 736
21,811
116,844
153,908
1,353
54

264, 557

610,984

8,980

7,648

46,155, 737

Total United States (exclusive of possessions)---

Total possessions

120
20
527
49

2, 402, 451

.
. _

Total Pacific States

Total United States and possessions

458
100
177
91
10
103
150
1,200

177, 944
102,850
1, 769, 533
81, 615
172,150
19,241
79,118

_
_

Alaska
___ __
___
Canal Zone (Panama)
Guam_
The Territory of Hawaii
Puerto Rico
_
American Samoa
Virgin Islands of the United States

3 903 651
1, 450, 473
3 204 671
2, 460, 911
1, 542,800
981, 516
1, 618, 609
2, 514, 865

238,258
222,802
360,687
646,06S
227, 489
62,082
202, 311
67,392
244,903

-

1 802 400
492,162
987, 626
1, 333, 266
797,186
512, 237
397, 577
432,179

10,922,863

.

2 101,251
958,311
2, 217,045
1,127, 645
745, 614
469,279
1, 221,032
2, 082, 686

2, 271,992

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

34, 281, 763

80, 437, 500

29, 479

82,404

90, 052

105,307
35, 203
63, 420
50, 665
34, 256
27,300
31,184
49,981

34,170
16,062
38, 543
26, 577
13,979
11,213
20,082
35, 652

12, 357
3,869
27, 320
12, 464
5,787
3,209
6,978
7,511

378, 504

397, 316

196, 278

79, 495

5,803
4,642
9,683
14,956
4,480
1,318
5,376
1,700
6,350

3,650
3,604
7,439
16,911
4,275
2,049
5,386
1,212
5, 709

4,453
3 373
3,904
9,641
2,309
683
3,373
34
3,987

2,728
650
1,028
1,166
464
426
958
826
676

54,308

50,235

31, 757

8,922
2,190
340
11,090
369
754
25
519

81,897
30,851
61 273
54,924
37,830
17, 684
27, 752
66,293

1,592
329
17, 793
61
722
111
794

5,178
3,054
66, 386
1,860
5>932
603
1,758

14, 421
3,262
66,177
1,795
7,452
398
3,406

4,679
1,505
39,014
973
3,898
270
924

21, 402

84, 771

96, 911

51, 263

a
o

15, 287

424, 627 1, 546, 674 3,321, 695 1, 348,177

H
O

321,151

690

798

611

400
7,237
6,853
50

100
6,822
5,556
35
28

47
2,609
1,393
31
2

126
1,998
841
18

15, 300

13,231

4,880

3,594

428,178 1, 561, 974 3, 334, 926 1, 353,057

g

324, 745

4
38
849
767
1,887
4
2
3,551

760

(See classification on pp. 138 and 139).
OO

TABLE N O . 33.—Assets and liabilities of all active banks other than national, Dec, 31, 1947 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Loans and discounts
Loans
Commer- farmers to
dicial and rectly guarLoans to
industrial anteed by
Other
brokers
and
loans (in- the Com- loans to
cluding
farmers dealers in
modity
securities
open-mar- Credit Corket paper) poration

Location

1,358

4,756

28

4,811
1,473

__.

29,801
5,629
8,692
136,475
36, 221
64, 252

Total New England States

281,070
3, 825,323
139,443
330, 595
44,154
61, 957
25, 939

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

_

__ __

Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georsria
Florida
Alabama
_.
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

_

__

____

_

Total Southern States

132

1,257

2,836

3,096
2,534
11,077
6,358
1,085
4,764

51,073
93, 508
75,042
772, 667
83, 666
328, 581

9,483
4,018
10,087
210,324
20, 582
41, 235

13, 792
4,447
7,536
91,443
18, 589
51, 709

774

146

200

All other
loans (including
overdrafts)

1,003
1,045
2,242
6.634
4,346
2,864

Total

115, 951
112,101
120, 769
1, 254, 528
166,883
506, 935

__. . .




9,353

568

90
473

1,254
25,974
1,727
3,654

1,395

21, 735

3,531

34,012

28, 914

1, 404, 537

295, 729

187, 516

594

18,134

2, 277,167

46

372,474
2,522
24,159
1,250
153
279

259,198
15, 687
20, 415
2,839
18, 218
1,143

16,013
1,405
11, 200
3,988
11, 485
27

2, 760, 854
309, 522
282, 668
36, 729
84, 390
31, 638

689, 584
57,123
78, 678
7,220
30^459
14, 653

541, 701
103,246
263, 969
21, 246
55, 714
31,649

80, 557

144

15,185
976
6,004
1,235
4,978

174 672
8,977
18,886
1,675
8,779
5,457

8, 735, 607
638, 901
1,036, 584
120, 460
276, 277
110, 785

4,427,411

. _ _.

New York- _ . _
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

Real-estate loans
Other loans
for the
Other
purpose of
loans to
purchasing Secured by Secured by
individ- Loans to
or carrying farm land residential Secured uals (con- banks
stocks,
properties by other
sumer
bonds, and (including (other than properties
improveloans)
other
farm)
ments)
securities

324

28, 378

400,837

317, 500

44,118

3, 505, 801

877, 717 1,017, 525

80, 557

218,446

10., 918, 614

72, 523
22, 715
144,877
13, 755
89, 286
31, 694
20, 896
46, 558
33, 535
105,359
15, 372
96,190
39,051

209

897

703
66
422
270
875
177
477
424

2,495
4,078
17, 804
1,851
8,255
2,847
1,801
7,324
1.454
6,544
3,432
12, 785
3,800

11, 758
6,393
15,360
3.007
13,279
4,878
7,200
10,187
7,443
10,441
5,909
28,931
20,787

71, 308
42, 688
45, 350
13,326
60,389
17,498
17, 763
15, 436
21, 999
33, 513
13, 631
39, 353
36, 832

15, 730
9,007
27, 261
2,057
13, 238
8,447
4,996
7,324
10,431
13,062
4,400
13,924
8,814

82, 792
27, 624
92, 656
9,355
42,374
21,501
18, 683
22,002
26,015
61,029
13, 283
52, 719
47,130

5

112

8,267
3,194
6, 738
3,535
14,882
5,646
9,471
12, 869
5,124
54,454
11, 729
18,358
15, 892

405
200

5,996
1, 727
5,083
3,286
10, 256
2,883
1,138
3,706
5,802
5,613
1,539
6,691
3,242

271,980
117,815
360, 551
50,492
256, 059
96,118
83,313
126,368
112,126
296, 264
70,348
269,833
176,284

11, 971

170,159

8,645

74, 470

145, 573

429,086

138, 691

517,163

3,020

56, 962

2, 287, 551

731, 811

9

10
124

75

254
3,639
21

1,289

530
43

4,923
876

44
3,920
66
304

344
50

345
1,427
157
10
10
10
451

00

Ohio
Indiana.
Illinois
Michigan
Wisconsin
MinnesotaIowa
Missouri.

292,123
60,876
276, 654
119,980
95 264
25,806
65, 568
310, 316

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

Washington
Oregon. .
California
Idaho .
Utah
Nevada .
Arizona

...

Total Pacific States
Total United States (exclusive
of possessions)
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States.Total possessions

_

Total# United States and possessions




68,317
4,909
14,710
13,451
6 983
1,102
5,386
19, 337

1,246,587

2,530

349,904

51,235

134,195

2,108
4,188
8,809
29,877
11 533
3,616
19,828
5,686
11,930

1,938
2,303
1,427
5,888
961
229
587
476
1,895

9,168
19 415
34,808
63,106
13 709
6,299
17,188
5,291
20,923

15, 704

189,907

419
28
62
742
238

366,057

Total Western States

25,913
170
21,870
503
476
12
575
1,716

21,209
5,505
298,115
8, 558
24,168
2,049
6,453

.
_ ___ _

23,513
32,487
40,548
31,194
33 902
40,949
95,163
52,148

97,575

._

Total Middle Western States. _

145
36
8
379
19
898
336
709

7,150, 511

40,620
31, 753
14,262
28,889
36 306
25,267
39,343
30,553
246,993

329,335
111, 605
100,906
259,972
118,310
82,915
72,345
164,886

55,185
19,385
21,730
42,081
35,344
22,066
19, 392
42,259

188,392
63,190
95,336
105,950
49, 292
28, 303
48, 500
125,277

1,240,274

257,442

704,240

858
1,432
2,517
5,312
2 805
1,075
3,305
1,280
2,538

2,605
4,081
7,371
22, 554
5 786
1,854
18,400
3,534
16,302

1,048,434
329,206
590,917
610,299
382,860
230,315
350,684
760,598

3

622

69,291

4,303,313

£

375
332
1,126
2, 573
938
123
161
81
433

20,882
38,439
69,445
168,440
47,721
17,994
72,412
21,823
64,709

S

1

38
196
407
1,262
855
77
1,180
377
581

934
2,130
5, 401
10,997
1 429
1,212*
1,224
593
3,133

2,858
4,356
7,452
26,656
9 705
3,509
10, 529
4 505
6,973

276

4,973

27,053

76, 543

21,122

82,487

83

6,142

521,805

O

5,098
2,579
16,152
6,994
13,246
1,508
2,432

7
12
3,546
85
221

549
848
23,175
97
775
247
1,009

3,929
2,016
18,698
886
5,635
247
503

55,261
13,901
389,118
2,702
32, 347
3,738
9,000

20,286
5,810
86,055
1,423
9,366
2,000
1,856

9,729
6,015
102,989
3,187
9,459
1,199
4,978

10

499
632
9,536
600
2,828
307
10

116,996
37,346
947,548
25,274
98,283
11,295
26,241

hd
h=
td
O
£
£
gj

1,489

48,009

3,871

26, 700

31,914

506,067

126,796

137, 556

112

14,412

1,262,983

o

33,413

808,092

468,395

591,850

524,565

7,162, 308

1,717,497

2,646,487

84,988

383, 387

578

2,418

613

1
130
179
6,675
8,843
13

21, 571,493
.....
9,967
769
760
75,166
89,937
13

H
M
ft

6
66
203

6,352
581
30,470
50,149

8,623

62

12,759
3,430

3,382
842

16,599
6,997

4,424
816

87, 552

8,623

62

16,189

4,802

26, 014

5,853

816,715

468,457

608,039

529,367

7,188,322

1,723,350

7,238,063

10
74
32
20
484

24,891
4,793
4,893
7,890
6,890
2,965
4,056
12,913

2

33,413

61
12
10

102

5
639
812

857
9,363

15,841

812

10,864

2,662, 328

85,800

394,251

176,612

O
»rj
g
fE
K

O
d
S3
£
Jgj
O

21,748,105

00

TABLE N O . 33.—Assets and liabilities of all active banks other than national, Dec. 31, 1947 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Capital
Capital
Prenotes ferred
and
stock
debentures

Location

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

__
4,653

50

Total New England States.

__

4,653

3,882

40,500
300

New York
New Jersey _
Pennsylvania
Delaware
Maryland
District of Columbia

11,158
15,064
2,582

40
331

-

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

700
125
1,983
1,024

41,171
__ . .
88
224

.

Total Southern States




10
10
291

1,365

Common
stock

Individuals, partnerships,
and
corporations

6,635
2,168
3,735
35,163
13, 570
22,146

98,961
10,372
27, 397
780, 111
186, 347
439,457

$3, 417

States
U. S.
and
Govern- political
ment
subdivisions
1,350
108
514
8,914
4,288
6,011

Banks
in
United
States

12,142
1,815
2,816
50,193
17,174
31, 740

2,105
437
165
45,531
2,774
20,140

115,880

Time deposits
Certified Individuals, partand
cashiers' nerships,
and
checks,
corporaetc 1
tions

Banks
in foreign
countries

627
689

120
1
20
63
225
127

5
83
30

6, 377, 758

556

118

21,185

71,152

1,316

176,291
13,495
25,958
21,342
4,463
5,099

417,891 2,025,683
21,064
114,149
91,025
78,932
3,460
11,002*
31,001
47,443
5,746
7

688, 521
380
142
1,286
70

758, 087 11,964,148 10,978
21, 628 1, 516,121 1,479
36,420 2,044,891
833
131,276
4,315
183
657, 702
6,755
139
115,073 1,000
6,843

674,682 16,875, 633

834,048 16, 429, 211 14,612

246, 648

669,424

2,177,979

690,399

28,750
27,855
151,768
21,827
42,668
45, 750
28,128
66,467
59,107
88,878
29,750
66,720
47,069

41, 261
13,146
204,162
4,996
36,355
5,493
1,371
35,429
33, 357
26,312
14,295
115,667
11, 717

_284
* 12

80
770
1,093

8,981
9,856
16,422
3,871
4,995
3,294
2,142
3,287
2,089
11,143
2,219
7,129
4,936

7,469

182,932

5,522,869

80,364

704, 737

543,561

761

231
33
2,237
554

2,635
346,442
236
344,127
903
170,460
26, 224 3, 455,145
7,204
549,195
9,326 1, 512,389

1, 542,645

392,033
222, 558
746,130
197,461
483,080
309,137
217,603
382, 563
321, 298
913,460
299,035
645,115
393,396

721
19

U.S.
Government

488,347 12,654,326
42, 574 1,019, 515
105,390 2,106,913
10,151
296,972
18,620
509,084
9,600
288,823
19,336
11,850
19,354
6,154
18,491
9,815
6,716
8,877
10, 343
25,989
8,337
22, 722
14,948

29, 520
1,731

742

.

716

Demand deposits

4
159
302

46, 528

Postal
savings

Banks
States
in
and
Banks
forpolitiin
cal
United eign
subdi- States counvisions
tries
1,599
103
1,441
290
236
•513

18
8
45
32
2
15

4,182

120

8,050

17

30, 750 187, 538
5,136
494
166
43,780
5
8,443
5
2,126

90

90,235 188,208

8,050

73

10, 701
6,125
11,807
763
4,586
3,793
1,323
2,757
3,447
10, 786
2,405
5,747
2,635

250, 645
125, 228
256, 675
35,229
152,192
117,285
59,374
87,374
83, 684
84, 976
38,377
106,533
142, 516

539
3
2,035
4
57
1,237
198
54
43
253
1,000
603
86

184
234
143
5
111
86
22
333
13
14
5
41

11, 569
521
2,476
532
586
12,842
42
2
758
6,620
30
498
1,291

66,875

1, 540,088

6,112

1,191

37, 767

323
404
961
41
470
20
74
1,495
214
11
169
4,182

GO

Total
Middle
States

_.

684 114, 735

2,463

3,390

169
84
30
34
47
211
45
64

6,378

178, 224

6, 635, 765

986

1,646
1,425
2,431
4,472
2,994
560
2,443
907
3,432

45,834
35, 922
36,480
81,636
45,962
15,895
55,139
10 158
20, 241

1
2
8
45
152

347, 267

14,044

9,505

354,955

9,107,098

161,054

757, 744

712,365

143
140
63

14
20
178
45
285
164
98
5

5,646
4,502
9,600
14, 778
4,410
3,033
5,212
1 602
6,345

202,085
198, 917
336, 732
533,347
179,413
54,963
180, 291
57 478
206,154

2,634
3,535
3,683
5,092
2,133
413
1,379
587
2, 645

28,249
17,341
15, 708
94, 984
28, 564
4,947
10,352
8 264
30,243

3,644
1,584
2,131
8,173
14, 385
1,199
7,846
156
2,429

809

53,128

1, 949, 380

22,101

238, 652

41, 547

2

20,310

8,607
55
100

4 946
3,015
57, 779
1,805
5,680
603
1,758

157 977
90, 518
1, 480,037
68,245
132,914
14, 812
60, 737

1 284
950
16,061
284
1,078
157
374

15 393
8,713
82, 706
10,188
19,383
3,345
16, 330

985
814
134,504
1,875
16,752

182
41
16,430

297

26

2 123
1,814
39, 795
1,023
2,021
927
1,354

271 234
57,511
1,645,475
19, 942
105, 312
8,530
36, 399

75, 586

2,005, 240

20,188

156,058

155, 227

16, 681

49, 057

2,144, 403

25

551, 540 2, 642,495

3, 701, 831

715, 537

1, 799, 514
832,668
1, 905,453
936,954
657, 679
417, 292
1, 058, 701
1, 498,837

39, 980
11,433
26,078
13,463
14, 254
7,645
28, 809
19,392

111, 927
90 073
87, 993
122,223
37,860
30,631
97,230
179, 807

105,484
11,888
165, 284
24, 731
17,683
2, 692
18, 373
366, 230

1,282
1,312
394

Western

North Dakota
South Dakota.
Nebraska
Kansas _ _ _ _ _
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive of possessions)

25

371
232
39
152

423
62,027

Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
_
American Samoa
Virgin Islands of the United
States
___

Total United States and
possessions

8,762

59,947 1,424, 700 37,002, 865

352
20 052
13 295
13,023
12, 695
372

2

741
15

196

14, 612
26,188

1,261
5,527

220
2,700
21

400
7,237
6,853
50

46

1

5

1

15,300
62,027

2

1 293

20 032
9 357
8 463
86, 764
94,122
959

219, 743

59, 790

42,098

7,545

611, 330 2, 684, 593

3, 709,376

760

Total possessions..

1

412
241
17
11
173

278
41
54
135
127
4
124
223

1,437
623

5,660
1,410

230
1,379

40,317
3,434
8,128
3,496
722
1,771

1, 744, 856
490,658
947, 225
1,329, 251
788, 643
508, 509
396, 675
429, 948

1,634

2,703
220

375

56, 867

43,064
12,249
30, 925
29,880
18,138
11,019
17,919
15, 030

75,245
27,935
60,979
49, 264
33, 717
17, 464
26,315
64,036

6,277
2,916
'294

Ohio
Indiana
Illinois
Michigan .
Wisconsin
Minnesota
Iowa
Missouri

59,947 1,440,000 37,222, 608

10, 896
3 607
7,768
122,589
54,097
506

1
3,137

199,489

218

60

38, 841

299

10
2
7
2

6
12

4
454
26,313

36
332
1,631

5

107

65

5
200

4
14

I

37,

26, 879

2,064

2,180 312, 639 197,336

8,050

16

100

506
33

234
64,174

5

100

555

64,408

5

718,674 1, 209,156 33, 673, 981 22,609

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




16
10

7
3

20

26

14,114

74

36,203
1,672
50
339
342
5
105
1
124

1,195,042 33, 474, 492 22,509
303
116
53
964
12, 676

1
6
5
14
3
5

2,735 377,047 197,336

8,055
CO
CD

TABLE N O . 34.—Assets and liabilities of active State commercial banks, Dec. SI, 1947 1
ASSETS
[In thousands of dollars]

Loans
and discounts,
Number
of banks including
overdrafts

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States.

83,259
28,603
67.485
352,349
108, 865
215, 726
England

114, 797
46, S91
37,687
637, 8] 2
326,400
364,277

225

Total Eastern States

856, 287 1, 527, 864

267
129
337
26
104
10

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama. __
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
._

CorpoU.S.
Obligarate
GovernOther
stocks,
ment ob- tions of
bonds, including
States
ligations, and polit- notes,
stocks of
direct
ical sub- and deb- Federal
and guar- divisions entures
Reserve
anteed
banks

5, 597, 778 8, 950,093
525, 929 1, 221,060
955,179 1,614,808
107,368
206,114
243, 089
441, 232
110, 785
205, 515

Total Southern States. __




118
123
26
50
150
259

Customers'
liability on
acceptances
outstanding

8,223
4,696
6,008
35,467
17,194
18,501

1,502
3,754
981
3,448
13,961
4,022
27,668

75,635

33,221

726

1,447

3,721

102,157
119,335
12,208
15,753
787

299, 291
87, 734
195, 758
11,683
24,452
12,170

68,291
15,187
24,093
3,276
3,118
928

200,339
46, 272
77, 743
6,059
21,908
7,851

5,083,411 .134, 640
339, 773 27,699
687, 995 40,033
87, 518 2,206
174, 986 7,848
7,554
110,346

2,995
632
4,724
79
108
209

3,439
186
5,968
656
31
1,400

45,193
462
906
475
128

6,626
2. 452
5,416
14,314
3,635
29,557
62,000
~~397,303

8,228
941
2,047
29,538
10,880
24,001

1,896
29,458
318
5,173
1,001
10,343
239,165 10, 712
65, 746 9,492
142,300 9,802
492,185

72
5
1,101
269

647,543

631,088

114, 893

360,172

6, 484, 029 219, 980

8, 747

11,680

183
106
181
125
277
124
155
181
126
436
178
295
227

271, 980
117,815
360, 551
45,340
252,414
96,118
83,313
126,368
112,126
284, 737
70,348
269, 833
176, 284

313,387
209, 742
587,310
118,449
292, 028
286, 589
132,848
222,096
170, 686
434,321
178,091
433, 781
246,920

16,406
10, 758
61, 940
17,365
16, 757
19,880
15,459
78, 916
62,779
55,173
19, 577
15,062
43, 017

14, 972
7,195
53,596
4,157
4,136
3,144
3,228
4,811
3,691
9,125
3,771
17, 658
6,130

992
843
1,486
149
1,143
214
321
329
747
2,226
157
856
1,898

18,870

109
134
77
63
260
142
61
162
24
1,150
17
14
692

2,594

2, 267,227

3, 626, 248

433,089

135, 614

11, 361

231, 502

2, 248, 414

48, 647

2,905

2,600
1,096
25

12,118
38,862
9,035

161, 269

Other

Total
assets

1,022
72
174
3,121
1,562
552

255, 201
93,023
131,173
1, 329, 677
559, 250
809, 022

6,503

3,177,346

73,431 20, 856, 204
7,947 2,375,038
13, 986 3, 740, 528
1,020
438,662
4,624
937, 277
1,358
458, 903

47,164 102,366 28,806, 612

315
661
90

21, 031
16,331
10, 557
17,872
16, 913
26,431
8,672
19,016
15, 794

365,867
75,051
181,122
103,185
83,545
156,471
165,181
340, 801
126, 488
256,294
149,891

7,070
2,932
6,355
828
5,471
2,713
1,087
3,349
2,151
6,613
1,439
3,730
4,909

873 7, 540,128 12,638,822

._._

Currency and
coin

Balances
InvestBank
Real
with other premestate ments and
banks, inises
owned other assets
cluding
owned, other indirectly
reserve
representfurnithan
balances
ing bank
ture
bank
and cash
and
prem- premises
items in
or other
fixises
process of
real estate
tures
collection

91

1,815
1,203
7,913
370
1,623
966
344
558
599
1,350
418
860
1,024

807.185
446,650
1,484, 047
270, 807
776,043
529,322
330,856
611,034
535.186
1,161,995
408, 979
1,017,116
646,650

234

19,043

9, 025, 870

17

Ohio- _
Indiana
Illinois
Michigan. _
•* Wisconsin
C Minnesota
H

_ .

o° Iowa
S Missouri
1
Total Middle Western
oo
States.
North Dakota _
t-k South Dakota
o Nebraska
Kansas
Montana
Wyoming _ _ _ _.
Colorado
New Mexico
Oklahoma

_

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

945,138
315,202
590,917
604,600
380,679
182,078
348,908
760, 598

1,828,540
779,855
1, 757, 772
1,310,558
829,448
480,796
907,347
1,031,911

143, 753
35,607
170,574
134,771
77,904
37,166
68,991
78,444

99,094
29,048
120,460
53,902
46,129
25,206
19,668
50,432

4,107
713
5,764
2,349
716
310
541
17,085

75,820
32,048
41,204
53,364
26, 456
13,768
26, 775
34,475

775,411
278,627
719,063
421,387
251,857
138,139
314,892
692,092

21,629
6,837
16,430
15,761
7,607
2,592
4,580
11,607

354
78
51
27
43
2
34
1,401

1,120
310
16
22
652
85
1,336
125

120
20
512
49
11
116

8,592
1,706
10,424
4,734
2,297
1,534
857
6,190

3,670

4,128,120

3,666

828

36,334 18,302,320

__

Total Pacific States
Total United States (exclusive of possessions)..
Alaska
Canal Zone (Panama)
On am
The Territory of Hawaii _
Puerto Rico
American Samoa
Virgin Islands of the United
States
Total possessions
Total United States and
possessions

8,926,227

747,210

443, 939

31,585

303, 910

3, 591, 468

87,043

1,990

111
135
291
436
73
29
69
23
185

20,882
38,439
69 445
168,440
47,721
17,994
72,412
21,823
64,709

240,474
162,849
240 131
385,728
152,456
35,873
117,345
31,327
119,835

13,043
9,610
9 372
34,358
7,301
1,278
6,552
2,406
19,061

5,861
4,325
4 754
2,301
4,108
528
1,664
207
1,755

85
70
68
350
194
39
158
44
48

3,326
3,380
4 227
8,764
3,593
1,201
4,272
2,568
5,037

52,858
53,287
91 020
169,251
69, 584
25,222
70,125
22,660
71,674

421
713
908
2,009
564
406
685
304
838

7
34
8
4
25
75
1
3

1,352

._

521,865

1,486,018

102,981

25, 503

1,056

36,368

625,681

6,848

157

388

85
48
108
33
48
3
8

69,933
30,454
947,548
25,274
98,283
11,295
26,241

128,090
84,829
1,754,219
51 361
115,131
11,652
62,227

14,637
7,114
157,831
3 044
9,611
819
6,198

1,531
144
43,428
297
1,809
3
1,144

123
46
4,227
30
272
15
83

6,011
2,756
35,374
1 701
4,072
801
3,050

63,005
29,605
667, 259
24 413
66,140
4,260
22,107

1,237
710
25, 560
473
675
226
1,602

4

13
24
4

333

1,209,028

2,207, 509

199,254

48,356

4,796

53, 765

876,789

9,047 16, 522,655 30,412, 688
14
4
1
8
16
1

191,359 1,061,352

1,351

2,756
2,042
3,885
14,104
23,359
182

14, 507
,• 1,735
25,415
114,805
113,051
1,231
91

8

4

159,670

270,835

13,865

12,006

1
45

2,192,077 1,374, 589

9, 766
769
760
75,166
73,196
13

9,092 16,682,325 30,683,523

8,834
5,023

4,384
6,267

2, 205, 942 1,386, 595

i Includes stock savings banks.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




3,903,678
1,480,051
3,433,187
2,601, 524
1,623,788
881,676
1,693,940
2,684,476

421
356
505
356
457
499
558
518

979

337,195
272,766
420 169
771,972
285,830
82,609
274,145
81,370
283, 704

20

2,875

2, 809, 760

23
4,091
20

308
225
8,323
24
159
110
180

284, 915
155,907
3,648,044
106 637
296,397
29,182
122, 933

4,134

9,329

4,644,015

385
1

5

2

38
1

207

30,483

223

349

14,318, 566 426, 222

14, 748

19,116

6,879
1,055
22
38,371
14, 311
566

282
44
2
2,017
2,222
1

101

56,101 176,450 66, 765, 923

42
252
25

50
64

5,944

4,568

319

114

5,944

14, 379, 776 430, 790

15,067

19,230

1
979

180

238
93
195
378
305
43
851
30
742

15

6

46,329

61,210

192,338 1,107, 681

162
27, 736
1,023
794
7,627
4

35, 745
33, 381
31,107
259, 756
251,089
1,997

2

112

37,348

613,187

62,045 213, 798 67, 379,110

TABLE N O . 34.—Assets and liabilities of active State commercial banks, Dec, 31, 19^7—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

_

_..

Total New England States
New York.—
New Jersey
Pennsylvania—
Delaware
Maryland
District of Columbia

1, 796,320

Other
liabilities

7,335
2,293
5,718
36,187
13, 570
22,196

116, 589
70, 733
86, 267
289,907
286, 981
235,869

233,774
83, 701
117, 557
1,201,138
505,457
741,039

1,500

130

2,600
1,096
25

1,086, 346

2,882, 666

3,479

3,721

21,724

87, 299
537,030
57,638
107,972
10,191
19, 667
9,600

644
1,205

833
416
300
10, 989
4,778
4,408

Capital
stock i

16,492,092 2,384, 573 18,876, 665
1,183, 951 1,024, 641 2, 208, 592
2, 329, 954 1,036, 624 3,366, 578
337,091
56, 717
393,808
598,474
267, 572
866,046
306, 588
422, 661
116, 073

_._

_.

Total Southern States




1,440
650
862
165

54,377
462
906
475
128

147, 282
11,875
18, 482
2,070
4,766
3,177

21,248,150

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

117,185
12,968
31,290
911,231
218,476
505,170

Time deposits

Bills payable, Acceptances
rediscounts executed by
or for acTotal deand other
count of
posits
liabilities
reporting
for borrowed banks and
money
outstanding

3,117

56,348

187,652

742,098
21,067
12, 592
20,075
5,861

91

5,478
1,836
12,032
359
6,481
1,174
532
1,117
1,410
5,391
293
4,119
2,823

10,046
6,749
11,124
10,907
25,200
8,417
23,492
16,041

234

43,045

189,939

482,010
279, 552
1,130, 289
220,012
564,963
367, 626
250, 567
490,503
419, 298
1,014, 218
347, 704
840, 378
459, 753
6,866,873

4,886,200 26,134, 350
263, 260
126, 390
262,290
35, 747
151, 252
131, 470
59, 710
87,430
86, 313
81,992
39,421
107, 650
144,103
1, 577,028

745, 270
405, 942
1,392, 579
255, 759
716, 215
499,096
310, 277
577,933
505, 611
1,096, 210
387,125
948,028
603,856

1,700
2,890
1,509

8,443,901

8,540

825
477
52
125
100

Surplus 2

5,848
3,724
3,223
44,252
26,006
26,923

Undivided
profits

Reserves and
retirement
account for
preferred
stock and
capital notes
and debentures
1,498
329

4,413
2,560
2,755
20,383
4,452
11,460

109,976

46,023

22,458

306, 567
25,329
56,200
8,067
9,180
4,482

63,812
8,872
14,285
396
5, 510
1,933

1,178,414

409,825

16,304
39,221
5,772
20,778
12,760
7,843
18,864
10,489
21,630
7,194
13,543

8,848
5,030
11,823
2,237
9,584
3,770
4,639
884
4,825
10,706
4,705
9,412
8,115

223,749

84,578

94,808
4,454
2,056
6,808
819
3,764
1,982
764
889
1,844
2,858
1,245
2,220
2,181
31,884

W

12,923
3,891
2,841

869,031
61,620
175,243
23,490
31,980
17,050

8
8

976

_
ra
M
H
_
9
d
a
a
g
-^
9
*<

Ohio
Indiana
Illinois
Michigan
_______
W isconsin
Minnesota.
Iowa .
_
--..-___
Missouri __
_

2,096, 962
1, 570,110
450 464
943,898
2, 217,045
987,626
1,122,042
1, 326,040
745,613
784,944
469, 279 .
363,280
394,557
_ ___ 1,212, 248
2,082,686
432,179

_-

2,289

11
116

17,482
3 872
37,256
9,285
2,357
1,040
1,340
8, 858

81, 720
30 705
61,273
54, 728
37,830
17,684
27, 572
66,293

92,641
31 976
63,420
50,443
33,370
17,300
31,128
49,981

32, 891
15,828
38,543
26,397
13,877
9,785
19,956
35,652

11,294
3 188
27,320
12,449
5,787
3,205
6,978
7,511

843

81,490

377,805

370,259

192, 929

77, 732

190
93
645
741
354
141
1,228
28
828

5,803
4,642
9,683
14,956
4,480
1 318
5,376
1,700
6,350

3,650
3,604
7 439
16,911
4 275
2 049
5,386
1,212
5,709

4,453
3,373
3,904
9,641
2,309
683
3,373
34
3,987

2,728
650
1 028
1,166
464
426
958
826
676

-

-

Total Pacific States

6, 309,200

17,198, 973

238, 258
222,802
360,687
646,068
227,489
62 082
202,311
67, 392
244,903

82,113
37,602
36 543
82,054
46 459
15 910
55,451
10,178
20,375

320,371
260,404
397, 230
728,122
273, 948
77 992
257, 762
77, 570
265,278

876

386,685

2,658,677

1,593

20

4,248

54, 308

50, 235

31, 757

8,922

177,920
102,847
1, 769, 533
81, 61R
172,150
19 241
79,118

_ - ___

___

- -

120
20
527
49

2, 271,. 992

-

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

458
100
177
91
10
103
150
1,200

10, 889, 773

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

3,667,072
1,394,362
3,204,671
2,448,082
1, 530, 557
832, 559
1, 606, 805
2, 514, 865

91,080
45,123
1, 673,438
19 944
105,489
8 534
36,414

269,000
147,970
3,442,971
101, 559
277,639
27, 775
115, 532

300

23

55

4,558
20

824
257
17, 793
61
, 722
111
794

5,178
3, 054
66, 386
1 860
5, 932
603
1,758

5,251
2,971
66,177
1 795
7,452
398
3,406

3,406
1,315
39,014
973
3.S98
270
924

933
340
11,090
369
754
25
519

225
435

15

57

5

2,402,424

1, 980,022

4,382,446

355

4,601

20, 562

84, 771

87,450

49,800

16, 225,481

61, 701,013

19,373

65, 767

358, 721

1, 536, 220

2,020,083

814, 912

735

665

761

610

6
150
5,172

400
7,237
4, 853
50

100
6,822
4,056
35
28

47
2,609
1,018
31
2

t"1

249,834

32, 970
33,343
29, 579
240,173
228, 273
1,859
80

3

14,030

Total United States (exclusive of possessions) __ 45,475, 532

W

126
1,998
371
18

Alaska
Canal Zone (Panama)
Guam _
_
The Territory of Hawaii _
Puerto Rico
American Samoa
_ _
Virgin Islands of the United States
Total possessions

_ _'__ _ _

___

Total United States and possessions
' Includes capital notes and debentures.




22,128
29, 736
21,811
116,844
133, 788
1,353
54

10,842
3,607
7, 768
123,329
94,485
506
26

5,958

4
38
849
767
1,388
4
2

325, 714

240,563

566,277

5,328

5,958

3,052

13, 275

11, 706

4,468

3,123

45,801,246

16,466,044

62, 267, 290

24,701

71, 725

361, 773

1, 549, 495

2,031,789

819,380

252, 957

(See classification on pp. 146 and 147.)

2

Includes guaranty fund.

W

3
a

TABLE NO. 34.—Assets and liabilities of active State commercial banks, Dec. 81, 1947—Continued
[In thousands of dollars]
Loans and discounts

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 CarolinaGeorgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States-




Commer- Loans to
cial and farmers diindustrial rectly guar Other Loans to
brokers
loans (in- anteed by loans to and dealthe Com- farmers
cluding
ers in
modity •
opensecurities
market Credit Corporation
paper)
29,221
3,067
8,602
135,675
33,772
64,158

1,358

4,744
717
4,242
1,473
563
9,305

132
2,836
90
473

Other loans
Real-estate loans
for the
purpose of
purchasing Secured by Secured b y
Secured
or carryfarm land
ing stocks, (including residential b y other
bonds and improve- properties proper(other
ties
other sements) t h a n farm)
curities

Other
loans to
indivduals
(consumer

8,725
4,018
6,913
29,059
16;381
12,418

13,202
2,169
6,422
76, 901
13,457

1,241
146
828
24,554
1,727
3,354

2,918
2,534
7,160
1,276
933
3,234

20,692
15, 705
31,390
74, 262
37. 587
71,459

Loans
to
banks

All other
loans
(including overdrafts)

Total

247
1,900
5,969
4,346
2,276

83, 259
28,603
67,485
352,349
108,865
215, 726

15, 564

856, 287

200
344
""50

274,495

1,395

21,044

3,531

31,850

18,055

251,095

77, 514

161,150

3,774,885
139,443
329, 533
44,154
61,440
25, 939

46

368,097
2, 522
24,159
1,250
153
279

254, 205
15,687
20,415
2,839
18,137
1,143

10, 758
1,355
10,457
3,705
10.843
27

300, 545
211,816
224,607
23,974
63,843
31,638

91, 542
42,366
59,357
7,194
21,802
14,653

535,481
102,822
262,379
21, 246
53,680
31,649

79,293

10
124
144

15.171
976
5,473
1,235
4,967

167, 755 5, 597,778
8,942
525,929
18, 789
955,179
1,647
107,368
243.089
110,785
5,457

4,375,394

324

27,822

396,460

312,426

37,145

856,423

236,914 1,007,257

79,293

210,670

7, 540,128

8,267
3,194
6,738
3,524
14,510
5,646
9,471
12,869
5,124
53,197
11, 729
18,358
15,892

897
44

2,495
4,078

3,920
49
304
703
66
422
270
875
177
477
424

17,804
1,851
8,255
2,847
1,801
7,324
1,451
6,544
3,432
12, 785
3,800

11,758
6,393
15,360
2,991
12, 975
4,878
7,200
10,187
7,443
9,640
5,909

5
345
1,427

405
200

5,996
1.727
5,083
1.511
10,172
2,883
1,138
3,706
5,802
5,379
1,539
6,691
3,242

271,980
117.815
360; 551
45,340
252,414
96,118
83,313
126,368
112,126
284, 737
70,348
269,833
176,284

74,470

3,020

54,869

! 267,227
,

72,523
22, 715
144,877
10,655
88,425
31,694
20,896
46,558
33,535
102,799
15,372
96,190
39,051

75
254
3,639
21
1,289
530
43
4,923
876

725,290

11,971

209

112

168, 519

28,931
20,787

71,308
42,688
45,350
13,296
59,372
17,498
17. 763
15,436
21, 999
30,109
13,631
39,353
36,832

15, 730
9.007
27; 261
1,962

10,431
12,270
4,400
13,924
8,814

82, 792
27,624
92,656
9,247
41, 597
21,501
18,683
22,002
26,015
58,550
13,283
52,719
47,130

144,452

424, 635

137, 574

513,799

13,008
8,447
4,996
7,324

157
10
10
10
451

Ohio
. _. . .
Indiana
Illinois
Michigan
Wisconsin
_
Minnesota
Iowa
Missouri
_
Total Middle Western States
North Dakota
South Dakota _ _ Nebraska
Kansas Montana
Wyoming
. _ _
Colorado
New Mexico
Oklahoma
._
Total Western States
Washington
Oregon
California
_.
Idaho
Utah
Nevada . _ _ _ _
Arizona
Total Pacific States
Total United States (exclusive of
possessions). ___
Alaska
. _
Canal Zone (Panama)
Guam The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States.__ _
Total possessions
_.
Total United States and possessions-- _ . _ _
_




268,342
60, 093
276, 654
118,726
95,264
25, 806
65,215
310,316

145
36
8
379
19
898
336
709

23, 281
32, 240
40, 548
30, 568
33,902
40,949
94,870
52,148

25, 913
170
21, 870
503
476
12
575
1,716

68,314
4,866
14, 710
13,451
6,983
1,102
5,386
19, 337

38,293
30,138
14,262
28, 490
36,273
18,959
39, 226
30, 553

271, 248
101, 884
100,906
258, 262
116, 306
51, 753
71,859
164, 886

52,309
18, 337
21, 730
41,682
35,215
11, 316
19,280
42,259

177, 832
62, 738
95,336
104, 753
49,278
28, 286
48,157
125,277

1, 220,416

2,530

348, 506

51, 235

134,149

236,194

1,137,104

242,128

691, 657

2,108
4,188
8,809
29,877
11 533
3,616
19, 828
5,686
11,930

1,938
2,303
1,427
5,888
961
229
587
476
1,895

9,168
19,415
34, 808
63,106
13 709
6,299
17,188
5,291
20,923

1

38
196
407
1,262
855
77
1,180
377
581

934
2,130
5,401
10,997
1 429
1,212
1,224
593
3,133

2,858
4,356
7,452
26, 656
9 705
3, 509
10, 529
4,505
6,973

858
1,432
2,517
5,312
2 805
1, 075
3, 305
1,280
2,538

2,605
4,081
7,371
22,554
5 786
1,854
18, 400
3,534
16,302

97, 575

15, 704

189,907

276

4,973

27, 053

76, 543

21,122

82,487

21, 209
5,505
298,115
8,558
24,168
2,049
6,453

419
28
62
742
238

5,098
2,579
16,152
6,994
13,246
1,508
2,432

7
12
3,546
85
221

549
848
23,175
97
775
247
1,009

3,768
2,012
18, 698
886
5,635
247
503

23, 424
10, 020
389,118
2,702
32,347
3,738
9,000

5,553
2,806
86,055
1,423
9,366
2,000
1,856

9,405
6,012
102, 989
3,187
9,459
1,199
4,978

366,057

1,489

48,009

3,871

26, 700

31, 749

470,349

109,059

137, 229

112

7, 059,227

33, 413

803, 807

464, 001

584, 568

494, 648

3, 216,149

824, 311 2, 593, 579

83,724

569

2,382

604

6
66
203

6,206
581
30, 470
40 210

6,624

62

12, 759
3,430

3,382
842

16, 599
6, 461

4,424
775

77, 467

6,624

62

16,189

4,793

25, 442

5,803

810, 431

464,063

600, 757

499, 441

3, 241, 591

7,136, 694

33, 413

1
130
179
6,675
8,021
13

10
74
32
20
484

19,461
4,698
4,893
7,776
6,889
2,965
3,984
12, 913

945,138
315,202
590,917
604,600
380,679
182,078
348 908
760, 598

622

63, 579

4,128,120

375
332
1,126
2,573
938
123
161
81
433

20, 882
38,439
69, 445
168,440
47 721
17, 994
72,412
21 823
64, 709

83

6,142

521, 865

10

491
632
9, 536
600
2,828
307
10

69, 933
30, 454
947, 548
25,274
98, 283
11,295
26, 241

14, 404

1, 209,028

2

61
12
10

102

365, 228 16, 522, 655
4
639

812

857
5,959

15, 019

812

7,459

830,114 2, 608, 598

84, 536

9 766
769
760
75,166
73,196
13
159, 670

372, 687 16, 682,325

Oi

TABLE NO. 34.—Assets and liabilities of active State commercial banks, Dec. SI, 1947—Continued
[In thousands of dollars]
Capital
Capital
notes
and
debentures

Location

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




_

Individuals, partnerships,
and
corporations

2,635
236
898
26, 224
7,204
9,284

115,439
70,621
85,362
289, 439
286, 654
235, 291

120
1
20
63
225
127

30

1,316

46,481

1,082,806

556

118

417,422 2,010,259
114,149
21,064
78,613
91,025
11,002
3,460
47,443
31,001
7
5,746

637,983
380
142
1,286
70

748,886
21,253
36,096
4,315
6,336
6,843

2,147,884 10,954
1,017,982 1,478
991,813
833
48,181
183
265,285
139
115,073 1,000

668, 636 2,162, 555

639,861

823,729

284
12

10,701
6,125
11,807
761
4,511
3,793
1,323
2,757
3,447
10,199
2,405
5,747
2,635

Individuals, partnerships,
and
corporations

Government

States
and
political
subdivisions

50

6,635
2,168
3,735
35,163
13,570
22,146

98,961
10,372
26,970
780, 111
186,347
438,216

1,342
108
485
8,545
4,288
5,791

12,142
1,815
2,772
50,193
17,174
31,739

2,105
437
165
45,531
2,774
20,140

3,882

83, 417

1,540,977

20,559

115, 835

71,152

485,372 12, 502,995
42,574 1,013,659
105,390 2,098,325
10,151
296,972
18,620
507,962
9,600
288,823

174.547
13,446
25,753
21,342
4,446
5,099

671,707 16,708,736

244,633

80
770
1,093

Maine
- ._ _
New HampshireVermont
MassachusettsRhode Island
Connecticut-.
Total New England States
New York
New Jersey
Pennsylvania .
Delaware
Maryland
D istrict of C olumbia
Total Eastern States

Certified
and
cashiers'
checks,
etc.i

Common
stock

19,336
11,850
19,354
5,754
18,144
9,815
6,716
8,877
10,343
24,909
8,337
22,722
14,948

392,033
222, 558
746,130
188,779
476,968
309,137
217,603
382, 563
321,298
880,117
299,035
645,115
393,396

8,981
9,856
16,422
3,871
4,935
3,294
2,142
3,287
2,089
10,869
2,219
7,129
4,936

28, 750
27,855
151,768
21,601
42,261
45,750
28,128
66,467
59,107
86,761
29, 750
66,720
47,069

41,261
13,146
204,162
4,996
36, 288
5,493
1,371
35,429
33,357
25,970
14,295
115,667
11,717

7,469

181,105

5,474,732

80,030

701,987

543,152

Preferred
stock

700
125
1,983
1,024

40,500

11,158
15,064
2,582

40
331

716

40,871

29, 520
1,731

742
88
224
10
10
291

1,365

721
19
231
33
2,237
554

Time deposits

Demand deposits

U. S.

Banks
in
United
States

Banks
in foreign
countries

627
689

4
159

302

761

66,211

U.S.

Government

Banks
in
Banks
forin
United eign
States countries

Postal
savings

States
and
political
subdivisions

5
83

1,012
103
860
290
100
421

18
8
20
32
2

2,786

80
8,050

17

30, 239 187,446
4,836
345
43,739
166
8,348
5
2,126
5

4,586,218 14, 587

90

89,288 187,967

8,050

539
250,645
3
125,228
256,675 2,035
4
35,165
55
150,072*
117,285 1,237
198
59,374
54
87,374
43
83,684
243
75,131
38,377 1,000
603
106,533
86
142,516

184
234
143
5
111
86
22

1,528,059

6,100

73

333
13
14
5
41

11,569
521
2,476
532
545
12,842
42
2
758
6,396
30
498
1,291

1,191

37, 502

323
404
961
41
469
20
74
1,495
209
11
169
4,176

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
_ _
Missouri _
_
Total Middle Western
States
__
North Dakota
_.
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive of possessions)
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States.
Total possessions
Total United States and
possessions

375

1,795,728
819,542
1,905,453
931,702
657,679
417,292
1,050,663
1,498,837

39,922
11,383
26,078
13,434
14,253
7,645
28, 737
19,392

111,696
89,034
87, 993
121,987
37,860
30,631
96,714
179,807

105,484
11,842
165,284
24,682
17,683
2,692
18,289
366,230

1,512, 576
448,970
947,225
1,322,098
776,403
359, 552
393, 706
429,948

278
41
54
135
127
4
122
223

169
84
30
34
47
211
45
64

56,857

230
1,369

3,390

42,850
12,097
30,925
29,843
18,138
11,019
17,845
15,030

40,317
3,361
8,126
3,496
674
1,771

412
241
17
10
173

6,378

177, 747

6,190,478

984

684 114,602

2,452

1,646
1,425
2,431
4,472
2,994
560
2,443
907
3,432

45,834
35,922
36,480
81,636
45,962
15, 895
55,139
10,158
20,241

1
2
8
45
152

74

16
10

36,203
1,672
50
339
342
5
105
1
124

1,282

1,634

1,437
623

75,068
27, 789
60,979
49,068
33, 717
17,464
26,135
64,036

14,044

9,505

354,256

9,076,896

160,844

755,722

712,186

143
140
63

14
20
178
45
285
164
98
5

5,646
4,502
9,600
14,778
4,410
1,033
5,212
1,602
6,345

202,085
198,917
336,732
533,347
179,413
54,963
180,291
57,478
206,154

2,634
3,535
3,683
5,092
2,133
413
1,379
587
2,645

28,249
17,341
15,708
94,984
28, 564
4,947
10,352
8,264
30,243

3,644
1,584
2,131
8,173
14,385
1,199
7,846
156
2,429

809

53,128

1,949,380

22,101

238, 652

41, 547

2

20,310

347,267

218

60

38,841

299

157,977
90, 518
1,480,037
68,245
132,914
14,812
60, 737

1,260
947
16,061
284
1,078
157
374

15,393
8,713
82, 706
10,188
19,383
3,345
16,330

985
814
134, 504
1,875
16,752

182
41
16,430

12

4
449
26,313

25
10
1,631
65

26

91,035
44,662
1,645,475
19, 942
105, 312
8,530
36,399

10
2
7
2

297

2,123
1,814
39,795
1,023
2,021
927
1,354

6

8,607
55
100

4,946
3,015
57, 779
1,805
5,680
603
1,758
75, 586

2,005,240

20,161

156,058

155,227

16,681

49,057

1, 951, 355

25

6,277
2 916
294
2,703
220

25

371

5,660
1,410

232
39
152

423
57,074

8,762

59,947 1,419,199 36,755,961
735
400
7,237
4,853
50
13,275

57,074

548,328 2,636,890 3,685,819

19,528
9,357
8,463
86, 764
84,128
959
46

352
20,052
13,295
13,023
12, 643
372
1

209,245

59, 738

59,947 1,432,474 36,965,206

1,204

741
15

14,612
19,964

1,261
3,116

5

5,134

2

2

608,066 2, 672,675 3,690,953

196
220
2,700
21
3,137

1
6
5
14
3
5

5

107

14

26,874

5
200

1

37

20

4

8,050

16

10,826
3,607
7,768
122, 589
41,633
506
26

506

12,675

186,955

522

668,136 1,196, 210 15,873,138 22,470

1,731

2,180 309, 893 196,705

303
116
53
964
11,237
1
1

i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




7
3

664, 999 1,183, 535 15,686,183 22,470

1

35, 785

1,312
394

234
52,847

5

53,081

5

2,702 362,974 196,705

8,055

TABLE N O . 35.—Assets and liabilities of active mutual savings banks, Dec. 31, 1947
ASSETS
[In thousands of dollars]

Loans U. S. Government
Num- and disobligacounts,
ber of including
tions,
banks
direct and
over
guarandrafts
teed

Location

Maine
_. .
New Hampshire
Vermont
___
Massachusetts
Rhode Island
. . .
Connecticut

-

Total Eastern States
Ohio
Indiana
Wisconsin
Minnesota

_ _
..

Total Middle Western States.
Washington
Oregon .
.

.

Total Pacific States
Total United States

179,166
165,366
32,373
2,153,670
165,711
890,164

1,148
7,208
332
4,708
51
3,317

345 1,419, 848

3, 586,450
6, 667,138
307, 287
691,397
20,630
337, 540

173 3,306, 706

. __

32,692
83,498
53,284
902,179
58,018
290,177

131 3, 070, 875
24
112, 972
7
76, 579
2
13, 092
9
33,188

_

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

32
34
8
190
9
72

Obligations of
States
and
political
subdivisions

3
4
4
1

101, 519
11,962
2,181
48,237

12

2
1
3

CorpoOther
rate
bonds, stocks, in- Curnotes,
rency
cluding
and
stocks of
and
debenFederal
coin
tures
Reserve
banks

28,452
19,025
2,928
300, 217
40,015
124,476

5,720
20,145
984
53,491
13. 770
39, 781

1,887
1,089
595
14,661
2,209
9,019

16,764

515,113

133, 891

16,932
15, 774
4,313
1,085
2,057

442,943
96,426
316,831
56,039
41, 731

11, 674
223
5
340

8, 023,992

40,161

953, 970

115,188
27,610
8,122
86,100

1,133
418
943
2,373

7,312
1,674
289
18, 377

163, 899

237,020

4,867

27,652

47, 063
6,892

125,417
5,541

2,976
48

9,841

53,955

130, 958

3,024

9,841

533 4, 944, 408 11, 978,420

64, 816 1, 506, 576

NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




00

Balances
InvestBank
with other premReal ments and
banks, inestate other assets Customers' liaises
cluding owned, owned indirectly bility on
reserve
other represent- accept- Other
furnibalances
than
assets
ture
ances
ing bank
and cash
bank
and
items in
prem- premises or outstandfixing
other real
process of
ises
tures
estate
collection
354
380
68
1,129
615
544

Total
assets

137
110
59
4,872
159
13, 669

261,420
306, 981
95,260
3, 536, 771
288,853
1,430,635

19,006

5,919,920

11,233
8,799
3,140
87, 789
7,511
55,241

623
1,361
733
14, 055
794
4,247

29,460

173, 713

21, 813

3,090

772

58,321
4,475
4,517
105
1,217

505,058
24, 971
22,696
3,695
17,493

55,061
4,169
9,104
521
1,142

6,896
216
113
150
80

1,841
214
303

48,172 10,884, 911
568.533
1,806
4,818 1,130,676
95,660
3
439, 455
5,007

12,242

68,635

573, 913

69, 997

7,455

2,358

59,806 13,119, 235

212
17
32

5,013
239
216
329

16,338
4,573
1,437
4,505

470
25
65
' 300

3

261

5,797

26,853

860

3

721
86

6,031
1,071

204
10

8
764

5

1
476

807

7,102

214

92,884

10,603

3,612

662

468,356
192,702
13, 732

478

55

781, 581

247,821
46,531
13,293
160,711

449
29

482

55

146,394 104,699

631
10
7
14

206,434

79, 952 19, 713,945

TABLE NO. 35.—Assets and liabilities of active mutual savings banks, Dec. 31, 194?'—Continued
LIABILITIES
[In thousands of dollars]

Location

Demand
deposits

Maine
New Hampshire
Vermont _
__ .
Massachusetts
Rhode Island
Connecticut
Total New England States
New York...
New Jersey _
Pennsylvania
Delaware _
Maryland
.
Total Eastern States

8

... .

252

Total
deposits

231 590
273, 506
85, 704
3,165, 706
262 677
1, 276, 097

231 598
273, 506
86,209
3 166,075
262 677
1, 276,349

50

Acceptances
executed by
or for account
of reporting
banks and
outstanding

Other
liabilities

4,653

4,653

Washington
.. _
Oregon
Total Pacific States

.

..____.

545
3,434
1,842
171
103
1,072
7,167
35, 226
8,325
3,675
10, 258
75

917, 263

270, 202

434,436

3,074

26,341

2,762

1,743

180,234
13,179

768
72

9,170
291

1,273
190

1,257

3

H
o
o

1,063
676

62
322

1,055
177
102
1,428

s

3

57, 559

12,480
2,975
886
10,000

1,558

23,123
1,689
8,880
12
1,551

11,827, 374

11,838, 543

113

229, 796
38, 938
12,242
148, 957

230, 533
42, 703
12,243
148, 957

2,690

4/503

429, 933
180,210
13,176

27

-

11, 728
10,098
1,603
174,186
1,244
58,832
257,691

22, 722

113

.:

17,192
19,388
443
185, 976
20, 284
87, 940

241, 911
210
3,301
140
24, 640

50

9, 816,898
504,869
1, 039,611
83,190
393,975

24
3

_

.__:._

l

Reserves
and retirement account for
capital
notes and
debentures

767, 640
53,140
75, 209
2,060
19,214

5, 296,414

9,813, 905
498, 589
1,039, 273
83,190
392, 417

737
3,765
1

___

Surplus

Undivided
profits

331, 223

5,295, 280

2,993
6,280
338

11,169

. ._

Capital
notes
and debentures

357
505
510
10,363
4 545
6,442

1,134

.

Ohio
Indiana
Wisconsin
_
Minnesota
._. .
Total Middle Western States

Total United States .

505
369

Time
deposits

Bills payable, rediscounts, and
other liabilities for borrowed money

193,386

193,413

16, 833

17, 745, 973

17, 762,806

35, 255

300

300

9,461

840
163

61, 891

4

4,953

1,463
532,118

W
H
O

d

1,257

1, 284, 288

o

67, 726

* Includes guaranty fund.




4
CO

TABLE N O . 35.—Assets and liabilities of active mutual savings banks, Dec. 81, 1947—Continued
[In thousands of dollars]
Loans on discounts
Commercial
and
industrial
loans
(including
openmarket
paper)

Location

Total New England States

-

--

.--

-

Total Middle Western States
Washington
Oregon

All
other
loans
(including
overdrafts)

16

178

426
1,420

30,381
77,803
43,652
698,405
46,079
256, 678

3,174
181, 265
4,201
28,705

590
2 278
1,114
14,542
5,132
2,492

177
798
342
665

300

3,917
5,082
152
1,424

2,162

10,753

1,152, 998

218,103

26,148

2,560

1, 419, 848

2,460, 288
97, 706
56, 613
12, 755
20, 547

598, 042
14, 757
18, 983
26
8,657

6,183
424
578

1,109
35

2,034

28
699

3,070,875
112,972
76, 579
13,092
33,188

Secured
by
other
properties

758

Loans
to
banks

578

Total

32,692
83,498
53, 284
902,179
58,018
290.177

517

11

81

5,253
50
405
283
642

11

81

6,633

2,647, 909

640,465

9, 219

1,871

3,306, 706

60

3
41

2,229
1,459
33
6,308

57,676
9,090
2,004
31,162

2,772
998
129
10, 750

10,130
314
14
17

5,393
1

101, 519
11,962
2,181

60

44

10,029

99, 932

14, 649

10,475

5,394

163,899

161
4

31, 837
3,881

14, 733
3,004

324
3

8

47,063
6,892

23,316

23,316

Total Pacific States




Other
loans
to
individuals
(consumer
loans)

Secured
by
residental
properties
(other
than
farm)

-_

Total United States

Real-estate loans
Secured
by
farm land
(including
improvements)

.

.

643

5

Other loans
for the
purpose of
purchasing
or carrying
stocks,
bonds, and
other
securities

517

-

12
57
569

6,481

1

Total Eastern States
Ohio
Indiana
Wisconsin
Minnesota

Loans
Other
to
loans brokers
to
and
dealers
farmin
ers
securities

580
2,562
90
800
2,449

T^aine
New Hampshire
Vermont
Massachusetts
Rhode Island
C onnecticut
New York
New Jersey
P pnns vl vania
Delaware
Maryland

Loans to
farmers
directly
guaranteed
by the
Commodity Credit
Corporation

165
30,314

714

2,287

35, 718

17,737

327

8

53,955

27,580

3,936,557

890,954

46,169

9,833

4,944,408

TABLE N O . 35.—Assets and liabilities of active mutual savings banks, Dec. 31, 1947—Continued
[In thousands of dollars]
Demand deposits
Indivuals,
partnerships,
and
corporations

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

427

-

- _-

-

-

_-

3

29
369

44

Banks
in
foreign
countries

Certified
and
cashiers'
checks,
etc.*

626

28

45

1,729
49
202

Indivuals,
partnerships,
and
corporations

Postal
savings

Government

581

47
149

25

412

58
50
1

392

169
66

229, 796
38,928
12, 240
148,957

109

392

_ _
235

10

1

180,199
12,849

27

193,048
46

2,366

17, 743, 554

o

2

429,921

24
3

437

a
o

196

11, 826,741

510
3,211

2,759

o

40

11
300
6
95

419

46

o

15

1,396

2,098

11, 225

25

136
92

24
1

17

46

Banks
in
foreign
countries

587

5, 293,844

1,997

3,721

Banks
in
United
States

33

9,813,823
498,139
1,039, 267
83,095
392, 417

Washington
Oregon
__
Total Pacific States

States
and
political
subdivisions

1,168
375
136

1,122

Ohio

u. s.

231.003
273, 506
85,098
3,165, 706
262, 541
1, 275,990

7,074

_-. - -

Total United States

5

1

430

- __ _ --.

Indiana
Wisconsin
Minnesota
_
Total Middle Western States

220

96
5,856

Total Eastern States

1

Government

Banks
in
United
States

8

-

Total New England States
New York
New Jersey
Pennsylvania
Delaware
Marvland

States
and
political
subdivisions

U. S.

Time deposits

2

10

25

5
5

1

11
322
223

1,815

579

o

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




C71

.TABLE N O . 36.—Assets and liabilities of active private banks, Dec. 81, 1947
to

ASSETS
[In thousands of dollars]

Loans

Location

Connecticut
New York
Pennsylvania
Total Eastern States

and discounts,
including overdrafts

Number of
banks

U.S.
ObligaGovern- tions of
ment obStates
ligations, and podirect
litical
and guar- subdivianteed
sions

Other
bonds,
notes,
and
debentures

Corporate
stocks

Currency
and
coin

Balances
with other
Bank
banks, inpremises
cluding
owned,
reserve
balances, furniture
and fixand cash
tures
items in
process of
collection

Real
estate
owned
other
than
bank
premises

Investments and Customother assets ers' liaindirectly bility on
acceptrepresentances
ing bank
premises outstanding
or other
real estate

Other
assets

Total
assets

3

1,032

811

21

47

105

291

148

170

53

2,678

5
11

66, 954
4,826

68,894
12, 461

52,404
801

816
1,742

4,721
653

339
526

56,207
3,856

122
226

33
86

15,877

1,993
25

268, 360
25, 202

15, 877

16

71, 780

81, 355

53,205

2,558

5,374

865

60,063

348

119

2,018

293, 562

South Carolina
Georgia
Texas
Total Southern States

1
4SVr

5,152
3,645
11, 527

1.981
914
16,066

617
22
2,876

406
13
876

205
6
45

137
574
2,138

968
4,448
15, 669

84
190

25
42
245

149
493

9,491
9,897
50,125

63

20, 324

18,961

3,515

1,295

256

2,849

21,085

274

312

642

69, 513

Ohio
Indiana
Michigan
_
Iowa
Total Middle Western States....

7
7
13
8

1,777
2,042
5,699
1,776

2,398
6,416
4,029
6,427

859
501
373
442

60
18
511
52

3
56
2

172
1,044
318
367

1,362
3,802
2,331
3,042

11
29
76
44

9
6
14

1
9
44

6,640
13, 873
13.443
12,166

35

11, 294

19, 270

2,175

641

61

1,901

10,537

160

29

54

46,122

117

104, 430

120, 397

58,895

4,515

5,738

5,720

91,976

930

630

15, 877-

2,767

411,875

1
1

201
16,741

98
15, 509

3,733

198
20

32
6,688

220
5,234

2
699

1,690

3,916

751
54, 230

2

16,942

15,607

3,733

218

6,720

5,454

701

1,690

3,916

54,981

119

121, 372

136,004

62, 628

4,733

12,440

97, 430

1,631

17, 567

6,683

466,856

Total United States (exclusive of
possessions)
Alaska
Puerto Rico
Total possessions
Total United States and possessions

/

NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




5,738

630

TABLE N O . 36.—Assets and liabilities of active private banks, Dec. SI,

1947—Continued

LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Connecticut

.

_

-

Ohio
.
Indiana
Michigan
Iowa
Total Middle Western States

Acceptances
executed by
or for account of
reporting
banks and
outstanding

g
Other
liabilities

Capital
stock

Surplus

Undivided
profits

Reserves

-- -

Alaska
Puerto Rico
Total possessions
Total United States and possessions

1,108

2,360

2,986
13,846

228,700
22, 944

961
2

16,637

3,265
185

2,975

12, 642
1,910

43

3,137
161

16,832

251, 644

963

16,637

3,450

2,975

14, 552

43

3,298

8,910
6, 721
36, 663

64
2,164
10.084

8,974
8, 885
46, 747

132
351

400
347
1,080

286
1,521

117
164
236

83
190

52, 294

.._

1,252

234,812

Total United States (exclusive of possessions) _
.
_




Total
deposits

Bills payable, rediscounts, and
other liabilities for
borrowed
money

225, 714
9,098

New York
Pennsylvania
Total Eastern States
South Carolina
Georgia
Texas
- ._.
Total Southern States

Time
deposits

12,312

64, 606

483

1,827

1,807

517

273

3,552
10, 648
5,603
8,784

2,494
2,760
7,226
3,020

6,046
13.408
12,829
11,804

7
5
1

177
146
196
180

186
252
222
56

224
57
180
126

5
15

28, 587

15, 500

44,087

13

699

716

587

20

316,945

45,752

362, 697

4,015

5,501

17,324

1,147

3,591

593
20,120

70
23, 924

663
44,044

3,652

1,690

499

25
2,000

25
1,500

37
375

1
470

20, 713

23,994

44, 707

3,652

1,690

499

2,025

1,525

412

471

337, 658

69, 746

407,404

4,615

18,327

4,514

7,526

18,849

1,559

§

4,062

69

963

16, 637

249

o
o

hi

o

o
d
S3

Crc
OO

TABLE N O . 36.—Assets and liabilities of active private banks, Dec. SI,

19If7—Continued

Or

[In thousands of dollars]
Loans and discounts

Commercial and
industrial
loans (including
openmarket
paper)

Location

Connecticut

Loans to
farmers directly guar- Other Loans to
brokers
anteed by loans to and dealthe Comfarmers in
modity
ers securities
Credit Corporation

Real-estate loans
Other loans
for the
Other
Secured
All other
purpose of
loans to
by resipurchasing Secured
individ- Loans loans (inSecured uals (con- to
by farm
dential
cluding
or carryovering stocks, land (in- proper- by other sumer banks
properties
drafts)
bonds, and cluding
loans)
ties
improve(other
other
ments)
than
securities
farm)

Total

94

48

106

444

112

218

10

1,032

50, 438
1,062

14
531

4,377

4,993

2
338

21
1,448

1,264

338

37
1,012

5,808
97

66,954
4,826

51, 500

545

4,377

4,993

340

1,469

338

1,049

1,264

5,905

71,780

South Carolina
Georgia. . .
Texas
Total Southern States.

3,100
861
2, 560

11
372
1,257

17

16
304
801

30
1,017
3,404

95
230
792

108
777
2,479

1.775
84
234

5,152
3,645
11, 527

6,521

1,640

17

1,121

4,451

1,117

3,364

2,093

20,324

Ohio

465
783
1,254
353

232
187
626
293

2

98
156
399
117

411
631
1,710
486

104
50
399
112

430
138
1,197
343

37
95
114
72

1,777
2,042
5 699
1,776

2,855

1,338

2

770

3,238

665

2,108

318

11,294

60,970

3,571

4,995

2, 337

9,602

2,232

6,739

8,326

104,430

9

36
536

9
41

1
3,404

201
16, 741

New York
Pennsylvania
Total Eastern States

Indiana.
Michigan
Iowa

,__

_

Total Middle Western States. _
Total United States (exclusive of
possessions)
Alaska
Puerto Kico
Total possessions

__ _. _

Total United States and possessions...




146
9,939

4,394

1,999

10,085

1 999

71,055

5,570

822

9
4,394

4,995

1,264

572

50

822

2,346

10,174

2,282

7,561

3,405
1,264

16,942

11,731

121,372

TABLE NO. 36.—Assets and liabilities of active private banks, Dec. 81, 1947—Continued
[In thousands of dollars]
Time deposits

Demand deposits
Individuals,
partnerships, and
corporations

Location

Connecticut

._.

Banks
in
United
States

Banks
in
foreign
countries

1,238

Certified
and
cashiers'
checks,
etc.i

Individuals,
partnerships, and
corporations

U. S.

Government

Postal
savings

States
and
political
subdivisions

Banks
in
United
States

__,

_

Total Southern States
Ohio
Indiana
Michigan
Iowa

15, 424

50. 538

8, 033
188

2,441
13, 811

500
35

788

15, 424

50, 538

8,221

16, 252

535

45

64
2,120
9,845

2
10

41
224

1
5

.__

12

265

6

__

Total Middle Western States

1

Total United States (exclusive of possessions)
Alaska
Puerto Rico
Total possessions
Total United States and possessions. _

60
274

226
407
2,117

67
342

2
75
587

48,137

334

2,750

409

664

12, 029

3,276
9,915
5,252
8,038

29
72

231
647
236
516

49
84

45
86
37
74

2,484
2,760
7,153
2,969

2

73
48

26,481

101

1,630

133

242

15, 366

2

131

1

235,679

15, 966

9,141

44, 755

14

931

52

50, 538

10

453

5,168

504
9,994

52

89
6,224

2,411

1,439

70
12,464

100

33

11, 327

10, 498

52

6,313

2,411

1,439

12,534

100

33

11,327

246,177

505

11, 481

18, 377

10, 580

57, 289

114

33

12, 258

50, 538

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




S

45

18

Banks
in
foreign
countries

1,108

469
319

8,682
6,112
33,343

. __

Texas

14
15
3

159, 823

Total Eastern States

1

States
and
political
subdivisions

151,235
8,588

New York
Pennsylvania

S o u t h Carolina
Georgia

U. S.
Government

52

o
o

I

o

156

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 37.—Per capita demand and time deposits of individuals,
and corporations in all active banks, Dec. SI, 1947

Population
(approximate)1

Location

Deposits of individuals, partnerships, and corporations (in
thousands)
Total

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

-.

Total New England
States

929,675
562,907
370,011
4, 798, 984
770,068
2,051,065

Time

$649,105 $211,433
$437,672
509,450
122, 797
386,653
316,369
80,392
235, 977
6, 599,817 2,639,887 3,959, 930
948, 957
375,607
573,350
2, 597,619
907,183 1,690,436

9,482, 710 11,621,317

4,337,299

Per capita

Total

Demand

$698.21
905.03
855.03
1,375. o
1,232. 0
1,266.47

7,284,018 1,225. 53

Time
$470.78
637. 76
825.16
744. 54
824.17

457.39

8.14

14,286,673 34,175,467 20,615,995 13,559,472 2,392.12 1,443.02
4,506,578
4,495,894 2,001,189 2,494, 705 997.63
444.06
10,423, 984 9, 798,068 5, 861, 773 3, 936,295 939. 95 562. 33
465,552
296,645
321,184
144,368 1, 569.39 1,082.72
1,749,306
2,232,139
921,004
783.69
828,302
412.61
944,055
870,974
722,073
221,982 1,083. 91 829.04

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

949.10
553. 57
377.62
486.67
371.08
254. 87

Total Eastern States... 32,616,993
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas.
Kentucky
Tennessee

3,039,761
1,872,533
3, 761,860
1,925,066
3,289,881
2,439,208
2,835,999
2,091,115
2,567,277
7,207,188
1,914,808
2,796,557
3,123,890

Total Southern States.. 38,865,143
7,911,971
3,908,728
8,328,747
6,349,797
3,345,029
2,938, 827
2,640,887
3,898,245

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States..
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

Demand

partnerships,

—

Total Western States...

39,322,231

1,490,432
776,515
1,418,155
590,372
1,372,745
1,369,446
1,035,337
634,277
1,220,852
4,705,981
665,638
1,313,918
1,481,108

933.36

649. 51

311.09
275.17
284.55
261.26
320.06
431.32
274. 98
239.24
368.06
585.44
297. 82
392.64
341. 73

179.22
139.52
92.43
45.42
97.20
130.11
90.09
64.08
107.48
67.52
49.81
77.19
132. 39

945,633
515,258
1,070,458
502,944
1,052,976
1,052,088
779, 839
500,274
944,924
4,219,367
570,274
1,098,042
1,067,536

544, 799
261,257
347,697
87,428
319, 769
317,358
255,498
134,003
275,928
486,614
95,364
215,876
413, 572

490.31
414.69
376.98
306. 68
417.26
561.43
365.07
303. 32
475. 54
652. 96
347. 63
469.83
474.12

18,074, 776 14,319,613

3,755,163

465.06

368.44

96.62

799.93
3,642,687 2,686,312
1,734,748
887,355 670.83
6,940,503 2,712,634 1,159.01
2,289,746 2,149,672
699.14
1,341,681 1,286,776 785. 78
1,446,539 1,012,541 836.76
1,482,241
767.65
545,038
2,471,051
648,145
800.15

460.40
443.81
833.32
360.60
401.10
492.22
561.27
633. 89

339.53
227.02
325. 69
338.54
384. 68
344.54
206.38
166.26

6,328,999
2,622,103
9,653,137
4,439,418
2,628,457
2,459,080
2,027,279
3,119,196

846.28

542. 93

303.35

560, 230
572, 957
1,315, 456
1,943,079
502,454
281, 440
1,171,324
561, 275
2,357, 277

488,891
377, 625
463,616
381,098
1,082,286
940, 480
1, 277,394 1,119, 492
464,162
368, 591
156, 222
202,123
755,137
981,157
190, 265
230, 677
1,162, 513 1, 053, 875

111, 266
82, 518
141,806
157, 902
95, 571
45,901
226, 020
40, 412
108, 638

872. 66
809.16
822. 75
657.41
923. 79
718.17
837. 65
410. 99
493.16

674.05
665.14
714. 95
576.14
733. 58
555. 08
644.69
338.99
447. 07

198. 61
144.02
107. 80
81. 27
190. 21
163.09
192.96
72.00
46.09

9, 265, 492

6, 352, 819 5, 342, 785 1,010, 034

685. 64

576. 63

109.01

See footnote at end of table




51,628,342 30,443,218 21,185,124 1, 582. 87

33,277,669 21,349,196 11,928,473

REPORT OF THE COMPTROLLER OF THE CURRENCY

157

TABLE NO. 37.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec. SI, 1947—Continued

Population
(approxi-

Location

Deposits of individuals, partnerships, and corporations (in
thousands)
Total

Washington
Oregon
California
Idaho
Utah

^
."^
.„•
k

Arizona
Total Pacific States

Demand

2, 225,517 $1,924,794 $1,179,954
1, 551,328 1,227, 714
823,507
10,052, 573 11,660,853 6.270,740
496. 527
384,206
289,562
637,969
460,816
296,914
142,489
141,048
86.625
354,594
675.028
258.336
15,781,431

16,154,025

Time

Per capita
Total

Demand Time

$744,840 $864.87
404, 207 791.40
5,390,113 1,159.99
94,644
773.79
163,902 722.32
54,423 989.89
96,258 525.30

$530.19
530.84
623.80
583.18
465.41
607.94
382.70

$334.68
260.56
536.19
190.61
256.91
381.95
142.60

9, 205,638 6,948,387 1,023.61

583.32

440.29

943. 41

584.85

358.56

650. 52
274.95
633. 75
827.60
67.31
93.57

440.52
198.45
330.44
320.58
42.74
61.25

210.00
76.50
303.31
507.02
24.57
32.32

Total United States
(exclusive of possessions)
145.334,000 137,108,948 84,997, 749 52, 111, 199
Alaska
C anal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United
States
.-

85. 757
47.150
25, 611
475,588
2,201,903
15,657
28, 464

2,604

924

1,680

91.48

32.46

59.02

Total possessions

2,880,130

630.868

304.069

326,799

219.04

105.57

113.47

Total United States
148,214,130 137,739,816 85,301,818 52,437,998
and possessions—

929.33

575.53

353.80

1

55, 787
12,964
16,231
393.598
148,219
1,465

Includes members of the armed forces overseas.

785882—48
11



37,778
9.357
8,463
152. 466
94,122
959

18,009
3,607
7,768
241.132
54,097
506

TABLE N O . 38.—Officials

of State banking departments and number of each class of active banks in December 1947
State commercial i

Names of officials

Location

Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut . ... . .

Homer E. Robinson
Clyde M Davis
Donald M. Hemenway..
Timothy J Donovan
Alexander Chmielewski
_. Richard Rapport

Total
number
of
banks

Titles

Bank Commissioner
do
Commissioner of Banking and Insurance

Insured

Private

NonNonNonNonMemmem- insured
mem- insured Members
bers
bers
bers
Federal Federal
Federal Federal
Reserve Reserve
Reserve Reserve
System System
System System

63
57
39
257
20
137

5
1
1
27
2
14

16
5
29
31
3
33

50

403
153
355
28
113
10

10

17
1
9

6

Noninsured

26
34

8

_

.___

Elliott V Bell
Lawrence B. Carey
D. Emmert Brumbaugh.
John C. Darby
J. Millard Tawes

Superintendent of Banks
Commissioner of Banking and Insurance
Secretary of Banking
State Bank Commissioner
. .
Bank Commissioner

Milton R. Morgan

Commissioner of Banking
do
Commissioner of Banks

Gnmey P. TToo<1
W. Royden Watkins
0 . G Jackson
C. M. Gay
Brooks Glass
C. J. Johnson
W. J Begnaud
J. M. Falkner
Thomas W. Leggett
Edward Bradley
H. B. Clarke

Total Southern States




Superintendent of Banks
Comptroller, State of Florida
'__.
Superintendent of Banks
State Comptroller
_. . .
State Bank Commissioner
Commissioner, Department of Banking
State Bank Commissioner
Commissioner, Department of Banking
Superintendent of Banks
...

6
15

3

190
9
69

3

117

58

17

328

3

186
78
111
4
16
7

76
47
220
21
86
3

5
4
6
1

131
24
7

2

2

2
7

1,062

Bank Commissioner
do

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

Insured

573

Oo"mTmssior»PT of "Ranks

Total New England
States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

Mutual savings

402

453

18

164

9

183
106
181
126
325
124
155
181
126
450
178
295
227

71
32
8
7
14
10
20
6
12
126
16
20
11

112
69
170
96
247
109
132
171
113
265
149
249
208

45
13
26
8

7"

2,657

353

2,090

151

63

5
3
22
16
5
3
4

5

ii
16

1
48

1

14

1

Paul A. Mitchell
_
Joseph McCord
Arthur C. Lueder
E. William Nelson
Guerdon M. Matthews.
F A Amundson
N. P. Black
Harry G. S chaffner

Superintendent of Banks
Director, Department of Financial Institutions.
Auditor of Public Accounts
Commissioner, State Banking Department__
Chairman, Banking Commission
Commissioner of Banks
Superintendent of Banking
-.
Commissioner of Finance

Supervisor of Banking
Superintendent of Banks
do
Commissioner of Finance
Bank Commissioner
Superintendent of Banks
do

Frank A. Boyle

-

Secretary, Territorial Banking Board
_

•

Bank Examiner
Treasurer

7
8

1

505
369
461
500
566
518

125
151
68
28
67
101

364
190
380
443
439
386

16
15
9
28
52
31

2

836

2,668

166

3

111
135
291
436
73
29
69
23
185

28
18
41
43
12
15
9
24

105
107
215
237
30
17
46
14
150

190

921

241

87
49
108
33
48
3
8

16
10
22
11
22
1
2

66
36
73
21
26
2
5

3
2
13
1

336

Walter A. Johnson
A. A. Rogers
Maurice C. Sparling
E. F. Haworth
J. M. Knapp
Grant L. Robison
D. O. Sa/unders

.

230
236

1,352

State Examiner
Superintendent of Banks
Director of Banking
State Bank Commissioner
Superintendent of Banks
State Examiner
State Bank Commissioner
State Commissioner
Bank Bank Examiner

184
112

3,717

J. A. Graham
Verne W.Abeel
J. Floyd McLain
B. A. Welch
W A Brown
Norris E. Hartwefl
William L Hazlett
Woodlan P. Saunders..CarlB. Sebring

431
367

84

229

20

toco

Ohio
.
Indiana,
Illinois
Michigan
Wisconsin.._
Minnesota
Iowa
Missouri
Total Middle Western
States.
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon..
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Alaska.
...
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
.
American Samoa .
Virgin Islands of the United
States.
Total possessions . _
_
Total United States
and possessions.

15
4
1
8
17
1
1

1

1,915

7
7
13

1
1

1

7

2

8
35

6
58
158
8
11

2
1

1
3
1

14
4
1
7
16
1

1

47
9,744

1

44

6,479

698

1

2
3

191

339

119

Includes stock savings banks.




CO

TABLE N O . 39.—Assets and liabilities of all active banks, 1936 to 1947
|Forfigurescovering each year 1834 to 1935, inclusive, see reports for 1931 and 1941]
[In thousands of dollars]

Number
of banks

Other
Loans and U. S. Government
bonds,
discounts, obligations,
including direct and stocks, and
overdrafts guaranteed securities

Cash

Balances
with other
banks x

Other
assets

Total assets

Capital 2

Surplus
and net
undivided
profits 3

Total deposits

Bills payable and
Other
rediscounts, liabilities
etc.

O

3

J U N E 30

15,803
15, 580
15, 341
15,146
15,017
14, 919
14,815
14, 661
14, 598
14, 587
14, 626
14, 755

1936
1937
1938
1939
1940
1941
1942.
1943
1944
1945
1946
1947
DEC.

1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947

20,839,159
22, 698,176
21, 311,161
21, 516, 279
22, 557, 670
25, 543, 438
25,178, 305
22, 324,053
25,504, 338
28,092,140
31, 693, 492
38, 57S, 709

17, 358, 200 10, 501, 333 1, 018, 951
958, 317
16, 968, 486 10, 305, 653
16, 774, 262 9, 571, 216 1,044, 251
18, 790,831 9, 594, 937 1,042,408
19, 710, 503 9, 364,406 1,148, 589
23, 577, 061 9,152, 671 1, 408, 306
30, 363, 023 8, 653,089 1, 446, 780
57, 963, 058 7, 921, 874 1, 606, 564
7, 586, 714 1, 623,191
76,129,877
94, 240, 445 8,032, 440 1, 649, 487
96, 497, 087 9, 224, 930 1, 729,034
83,116,152 10,084, 577

14,103,430
14, 670, 297
16,426,417
19, 584,188
24, 535, 268
25, 471, 008
24,236,259
25, 210, 347
26, 705, 352
29, 246, 407
31, 732,067
31, 729, 911

3, 367,168
3, 323,828
3,150,400
3, 072, 677
2,897,193
2, 676,235
2, 382, 535
2, 226, 510
2,010,193
1, 766, 060
1,825, 654
1,752,214

67,188, 241
68, 924, 757
68, 277, 707
73, 601, 320
80, 213, 629
87. 828, 719
92, 259, 991
117, 252, 406
139, 559, 665
163,026,979
172, 702, 264
167, 248, 399

3, 250, 986
3,319,580

4, 549,867
4, 985, 781
4, 977, 218
5,134,112
5, 233, 334
5, 469, 514
5,523,532
5,811, 248
6, 318, 608
7,033,855
7, 925,817
8, 450, 652

58, 339,815
59,822, 370
59, 379, 550
64,576, 694
71,153, 458
78, 549.329
83,029,575
107, 784,099
129, 367, 247
151,932,691
160, 349, 405
154,191,122

15, 704
15, 463
15, 265
15,096
14,956.
14, 885
14, 722
14, 621
14, 579
14, 598
14, 633
14, 755

21, 618,127 17, 497, 059 10, 700,905 1,025, 586
22, 364,140 16, 660, 068 9,828, 984
907, 871
21, 535,406 18,002,042 9, 664, 255
(4)
22, 374, 700 19,447, 464 9, 348,161 1,196, 539
21,028, 798 9,499, 776 1,407, 364
23,967,476
26,838, 365 25, 553, 809 9,035, 537 1, 545,018
24,001,146 46,059, 111 8, 312, 249 1,463,836
23, 674, 539 66, 259, 384 7, 466, 862 1, 612, 252
26,101, 639 86,414, 755 7, 596, 205 1, 801, 370
30, 466, 867 101, 904, 073 8, 611, 660 2,025, 088
87,093, 517 9, 543, 221 2, 221, 793
35,822,868
43,228,562 81,623,382 10,760,291
2, 392,862

15,871, 668
15,065,962
18,373,644
22,197, 935
26,846,418
25, 942, 377
27, 371, 581
26. 999, 933
29,175, 791
33. 589, 693
32,995, 748
36,166,335

3,402,165
3, 271, 994
3, 258, 252
3, 010, 458
2,822,070
2, 538. 588
2, 334, 654
2,109,008
1, 857, 424
1, 753, 694
1, 729, 215
1,835,479

70,115, 510
68,099, 019
70, 833, 599
77, 575, 257
85. 571,902
91, 453, 694
109. 542, 577
128,121, 978
152,947,184
178, 351. 075
169, 406, 362
176,006,911

3, 293,014 4, 849, 310
3, 223,110 4, 949, 834
3,192,493 5,016, 435
3.125. 524 5.169, 647
3,070,519 5, 339,039
3,034, 361 5, 460, 776
2,985,391 5, 619, 637
3,011, 600 6, 034, 091
3,052,950 6. 640,166
3,187, 368 7, 424, 243
3, 299, 469 8,138, 479
3, 341, 740 8,654,286

61,155,014
59,109, 903
61,907,761
68, 566,043
76,407,885
82, 233, 260
100, 265, 638
118, 336,126
142, 310,824
166, 530,093
156, 801, 396
162, 712,856

3, 421,226
3, 250, 650
3, 204, 751
3,160,096
3,091, 793
3, 055,005
2,979, 447
3,036, 893
3,118,116

47, 376
55,857
42, 476
26, 724
26, 969
22,559
20, 736
31, 657
87,116
81,075

829, 957
810,099
673, 712
703,694
708, 075
732, 312
687, 462
645,955
749,801
861, 242
1, 082,090 O
f
63, 339 1, 223, 706

w
8
g

g

31

—

1 Includes reserve balances and cash items in process of collection.
2 Includes capital notes and debentures in banks other than national.
3 Includes reserve accounts.




57, 247
760,925
50, 816
765, 356
36, 612
680, 298
25, 551
688.492
25, 060
729, 399
22, 593
702, 704
18, 638
653, 273
51, 650
688, 511
125, 624
817, 620
227,150
982, 221
48,403 1,118, 615
74, 614 1, 223,415

* Not called for separately. Included with "Balances with other banks."
NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.

W

o

TABLE N O . 40.—Assets and liabilities of all active national banks, 1936 to 1947
[For figures covering each year 1863 to 1935, inclusive, see reports for 1931 and 1941]
[In thousands of dollars]

Number
of banks

Loans and
discounts,
including
overdrafts

U. S. Government
obligations,
direct and
guaranteed

Other
bonds,
stocks, and
securities

Cash

Balances
with other
banks1

Other
assets

Total assets

Capital

Surplus
and net
undivided
profits 2

Total deposits

Bills payable and

rediscounts,
etc.

Other
liabilities

d
O

o
J U N E 30

5,374
5,299
5,248
5,209
5,170
5,136
5,107
5,066
5,042
5,021
5,018
5,018

1936
1937
1938-.
1939
1940
1941
1942
1943
1944
1945
1946
1947..
DEC.

1936
19371938
1939.
1940
1941
19421943
1944
1945
1946
1947

7,763,342
8,812, 895
8,334,624
8, 573, 703
9,179,227
10,922,483
10,901,795
9,190,143
11,229,680
12,389,133
14,498,441
18,810,006

8,447,364
8,219,195
7, 987, 716
8, 769,729
9,111,226
11,135,952
14,928, 992
30,190,402
38,790,869
47,255,463
47,472,876
39,425,605

4,035,261
3,903,092
3,656, 560
3, 783,157
3,794,049
3, 818,842
3,714,396
3, 538,176
3,497,654
3, 764,438
4, 543,865
4,953,052

531,694
444,598
528,305
530,580
582,303
709,458
728,309
806,546
820, 570
821,290
805, 575
988,288

7,849,732
7,933,271
8,922,250
10,544,226
13,294,801
13,812,200
13, 588,254
14,420,845
15,239,164
16,791,661
17,856,276
18,407,260

1,069,363
1,015,755
948,105
979,183
923,474
915,700
857,219
826,240
823,008
772,848
816,021
829,049

29,696,756
30,328,806
30,377, 560
33,180,578
36,885,080
41,314,635
44,718,965
58,972,352
70,400,945
81, 794,833
85,993,054
83,413,260

1,691,375
1,582,131
1,572,900
1, 562, 956
1,534,649
1,523,383
1,507,670
1,498,008
1,553,578
1,624,184
1, 683,489
1,770,871

1,474,353
1,630,034
1,700,919
1,826,556
1,941,792
2,074, 758
2,171,822
2,327,397
2,557,031
2,848,369
3,190,088
3,537,809

26,200,453
26,765,913
26,815,894
29,469,469
33,074,407
37,351,303
40, 659,117
54, 769,361
65,833,253
76,825, 537
80,494, 758
77,397,149

3,720
9,216
9,586
3,540
2,910
2,005
2,014
4,231
6,205
5,209
24,441
27,860

326,855
341, 512
278,261
318,057
331, 322
363,186
378,342
373,355
450,878
491,534
600,278
679,571

5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046
5,031
5,023
5,013
5,011

8,271,210
8,813, 547
8,489,120
9,043,632
10,027,773
11,751,792
10,200,798
10,133,532
11,497,802
13,948,042
17,309,767
21,480,457

8,685, 554
8,072,882
8, 705, 959
9,073,935
9, 752,605
12,073,052
23,825,351
34,178, 555
43,478, 789
51,467,706
41,843,532
38,825,435

4,094,490
3,690,122
3,753,234
3,737,641
3,915,435
3,814,456
3,657,437
3,325,698
3,543, 540
4,143,903
4, 799,284
5,184,531

518, 503
422,490
555,304
615,698
718, 799
786,501
733,499
807,969
904,500
1,008,644
1,094,721
1,168,042

8,462,578
8,128,003
9,151,105
11,887,915
14,401,268
14,215,429
15,516,771
15,272,695
16,732, 749
19,170,145
18,972,446
20,907,548

1,032,327
977,186
1,011,455
960,436
918,082
897,004
847,122
813,468
792,479
797,316
830, 513

31,064,662
30,104,230
31,666,177
35,319,257
39,733,962
43,538,234
54, 780,978
64,531,917
76,949,859
90, 535, 756
84,850,263
88,447,000

1, 598,815
1, 577,831
1,570,622
1, 532,903
1,527,237
515,794
503,682
531,515
566,905
1,658,839
1,756,621
1,779, 766

1, 572,195
1,666,367
1, 757, 522
1,872,215
2,009,161
2,133,305
2,234,673
2,427,927
2,707,960
2,996,898
3,393,178
3,641, 558

27,608,397
26, 540, 694
28,050,676
31,612,992
35,852,424
39, 554, 772
50,648, 816
60,156,181
72,128, 937
85, 242,947
79,049,839
82,275,356

3,495
10,839
5,608
2,882
3,127
3,778
3,516
8,155
54,180
77,969
20,047
45,135

281,760
308,499
281,749
298,265
342,013
330,585
390,291
408,139
491,877
559,103
630, 578
705,185

31

1

Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.




W
O

o

3
o

E
3

H
O

O

NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.

TABLE NO. 41.—Assets and liabilities of all active banks other than national^ 1986 to 194?

to

[For figures covering each year 1834 to 1935, inclusive, see reports for 1931 and 1941]
[In thousands of dollars]
Capital
notes
and
debentures

Surplus
and net
undivided
profits 2

37,491,485
38, 595,951
37, 900,147
40,420,742
43,328, 549
46, 514,084
47, 541,026
58,280,054
69,158,720
81,232,146
86, 709, 210
83,835,139

1,485,132
244,719
1,483,555
184,964
1, 467, 766
164, 085
,446, 666
150, 474
, 428,973
128,171
, 416,939
114, 683
104,171
]L, 386,845
L, 386, 748
94, 691
., 396,746
86, 569
L, 415,170
78,762
L, 495,004
72,493
1,548 709

3,075, 514
3,355, 747
3, 276,299
3,307, 556
3, 291, 542
3,394, 756
3,351,710
3,483, 851
3, 761, 577
4,185,486
4, 735,729
4,912,843

32,139,362
33, 056,457
32, 563, 656
35,107,225
38,079, 051
41,198, 026
42,370,458
53,014, 738
63, 533, 994
75,107,154
79,854,647
76,793,973

43,656
46, 641
32,890
23,184
24,059
20, 554
18, 722
27, 426
80, 911
75,866
69, 525
35, 479

503,102
468, 587
395,451
385, 637
376, 753
369,126
309,120
272,600
298,923
369,708
481,812
544,135

39,050,848
37,994,789
39,167,422
42, 256, 000
45, 837, 940
47,915,460
54, 761, 599
63, 590, 061
75,997,325
87,815,319
84,556,099
87,559,911

1,489,354
1,471, 533
1,459,015
, 450, 873
,420,148
,410,373
, 382,507
, 389, 943
,403,725
, 456, 449
1,475,054
1,499,947

3, 277,115
3, 283, 467
3, 258,913
3, 297,432
3,329,878
3,327, 471
3,384.964
3,606,164
3,932, 206
4, 427,345
4, 745,301
5,012,728

33, 546,617
32, 569, 209
33,857,085
36,953, 051
40, 555,461
42,678,488
49, 616,822
58,179, 945
70,181,887
81,287,146
77, 751, 557
80,437,500

53, 752
39,977
31,004
22, 669
21, 933
18,815
15,122
43,495
71,444
149,181
28,356
29,479

479,165
456,857
398, 549
390,227
387,386
372,119
262,982
280,372
325,743
423,118
488, 037
518,230

Number of
banks

Loans and
discounts,
including
overdrafts

V. S. Government
obligations,
direct and
guaranteed

Other
bonds,
stocks,
and
securities

Cash

Balances
with other
banks1

Other
assets

Total assets

10, 429
10,281
10,093
9,937
9,847
9,783
9,708
9, 595
9,556
9,566
9,608
9,737

13,075,817
13,885,281
12, 976, 537
12, 942, 576
13,378, 443
14, 620, 955
14, 276, 510
13,133,910
14, 274,658
15,703,007
17,195, 051
19,768,703

8,910,836
8, 749,291
8, 786, 546
10,021,102
10,599, 277
12, 441,109
15,434, 031
27, 772, 656
37, 339,008
46, 984, 982
49, 024, 211
43,690, 547

6,466,072
6,402,561
5, 914,656
5, 811,780
5, 570,357
5,333,829
4, 938,693
4,383,698
4, 089,060
4, 268,002
4,681,065
5,131,525

487, 257
513, 719
515, 946
511,828
566,286
698,848
718, 471
800,018
802,621
828,197
923,459
998, 548

6,253,698
6, 737,026
7, 504,167
9,039,962
11, 240, 467
11, 658, 808
10, 648, 005
1G» 789,502
11, 466,188
12, 454,746
13,875,791
13,322,651

2,297,805
2,308,073
2,202, 295
2,093,494
1,973, 719
1, 760, 535
1,525,316
1,400,270
1,187,185
993, 212
1,009,633
923,165

10,373
10,197
10,035
9,903
9,806
9,762
9,635
9,575
9,548
9,575
9,620
9, 744

13,346, 917
13,550,593
13', 046,286
13,331,068
13,939, 703
15,086. 573
13,800,348
13,541,007
14,603, 837
16, 518,825
18, 513,101
21, 748,105

8, 811, 505
8, 587,186
9,296,083
10,373, 529
11,276,193
13,480,757
22, 233, 760
32.080,829
42,935,966
50,436,367
45, 249,985
42,797.947

6, 606, 415
507,083
6,138,862
485,381
5,911,021
(3)
5, 610, 520
580,841
5, 584,341
688, 565
5,221,081
758,517
4,654,812
730,337
4,141,164
804,283
4,052,665
896,870
4, 467,757 1,016,444
4,743,937 1,127,072
5,575,760 1, 224,820

7,409,090
6, 937,959
8,667,235
10,310,020
12,445,150
11,726,948
11,854,810
11, 727,238
12,443,042
14,419, 548
14,023,302
15, 258, 787

2,369,838
2,294,808
2,246,797
2,050,022
1,903,988
1,641,584
1,487, 532
1, 295, 540
1,064,945
956,378
898,702
954,492

Capital
stock

Total
deposits

Bills payable and
rediscounts,
etc.

Other
liabilities

I

J U N E 30

1936
1937
1938—...
1939
1940
1941
1942......
1943
1944
1945
1946
1947

i3

W

8

Tiirr 31
1936.
1937—...
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1

Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
Not called for separately. Included with "Balances with other banks."

3




204,845
173,746
162, 856
141, 748
123,134
108,194
99, 202
90,142
82,320
72,080
67, 794
62,027

NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.

M
d
3
a

TABLE NO. 42.—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. 14, 1865, to Dec. 31, 1947
National and District of Columbia nonnational banks
Completely
liquidated
and finally
closed

Number of receiverships.

._

_.

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
.

-_

_

3 2, 822

Completely In process
liquidated
and finally of liquidation
closed
*15

_

National banks

Total

4

15

Completely
liquidated
and finally
closed
5 2,798

In process
of liquidation
9

Total

5 2,807

$27,143,017 $3, 689,368, 858 $27, 613,295 $3, 716, 982,153

i3

W
o
o

2,201, 686,932
253,083, 830
1, 218, 968, 823

18, 597, 827
928,129
6, 760,154

42, 772, 290
3, 716, 511, 875

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

9

Total

$3, 716, 511,875 $27, 613, 295 $3, 744,125,170 $27,143,017

Total assets taken charge of by receivers

Total

3 2,813

In process
of liquidation

District of Columbia nonnational banks 2

1, 327,185
27, 613, 295

2, 220, 284, 759
254,011, 959

18, 624,923
2,089,895

18, 624, 923
2,089, 895

2,183, 062,009
250, 993, 935

1, 225, 728, 977

6,401, 713

6, 401, 713

1, 212, 567,110

42, 772, 290
1, 327,185

26, 486

26, 486

42, 745, 804

3, 744,125,170

27,143,017

27,143,017

3,689, 368,858

18, 597,827
928,129
6, 760,154

2, 201, 659, 836
251,922,064
1, 219,327, 264
42, 745, 804
1, 327,185

1,327,185
27, 613,295

3, 716, 982,153

§
W

2, 2Q1, 686, 932
178,907, 597

18, 597, 827
862, 633

2, 220, 284, 759
179, 770, 230

18, 624,923
619,261

18, 624,923
619,261

2,183,062,009
178, 288,336

18, 597,827
862, 633

2, 201, 659,836
179,150, 969

161, 824, 554
253,083,830

1, 618, 456
928,129

163, 443,010
254,011, 959

1, 429,275
2,089,895

1, 429, 275
2,089,895

160,395, 279
250, 993, 935

1, 618,456
928,129

162,013, 735
251,922,064

22,007,045

2, 817, 743, 607

22, 763,354

22, 763,354

2, 772, 973, 208

22,007,045

2, 794,980, 253

233, 649

233, 649

233, 649

233, 649
2, 795, 736, 562

o
d

j

See footnotes at end of table.




TABLE N O . 42.—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. 14, 1865, to Dec. SI, 1947—Continued
National and District of Columbia nonnational banks
Completely
liquidated
and finally
closed

In process
of liquidation

Total

District of Columbia nonnational banks *
Completely In process
liquidated
and finally of liquidation
closed

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).. 1, 404,048, 069 11,898,978 1,415,947,047 10, 893,071
Dividends paid by receivers to secured creditors
(unavailable as separate item for 815 banks completely liquidated to Oct. 31, 1929)
34,624, 233
35, 202
77, 534
34, 546,699
Distributions by conservators to unsecured creditors
._
_
209,124, 039 2,838,102
209,124,039
1, 372,006
Distributions by conservators to secured creditors..
1, 372,006
10,750
Payments to secured and preferred creditors (including disbursements for the protection of assets
for 597 banks completely liquidated to Oct. 31,
699, 204, 604 6,816,071
706,020,675
1926)
4,901,281
Offsets allowed and settled (against liabilities)
253,083,830
254,011, 959 2,089, 895
928,129
Disbursements for the protection of assets (unavailable as separate item for 597 banks com8,063,193
pletely liquidated to Oct. 31, 1926)
7, 994, 565
68,628
18,839
Payments of receivers' salaries, legal, and other
169,956, 777 1, 767, 254
expenses
168,432,705
1, 524,072
Payments of conservators' salaries, legal and other
11, 016, 322
45, 597
expenses
10,970, 725
201, 010
Amounts returned to shareholders in cash
6, 959, 320
7,950
6, 959, 320
Cash balances in hands of Comptroller and re648,036
648, 036
ceivers
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




2,795,736,562

National banks

Total

Completely
liquidated
and finally
closed

In process
of liquidation

Total

10,893,071

1, 393,154,998

11,898,978

1,405,053,976

35, 202

34,511,497

77, 534

34,589,031

2,838,102
10, 750

206, 285, 937
1, 361, 256

4,901, 281
2,089,895

694, 303, 323
250,993,935

i
O
O

206, 285,937
1, 361,256

6,816,071
928,129

701,119,394
251,922,064 *

18,839

7,975, 726

68, 628

8,044,354

1, 767, 254

166,665,451

1,524,072

168,189, 523

201,010
7,950

10, 769, 715
6,951,370
•

45, 597

10,815,312
6,951,370

22, 007,045 2,817, 743, 607 22, 763. 354

22, 763,354

2, 772,973, 208

« 402,912,595 7 2,352,920

^ 2,352,920

8

648,036

648,036

22,007,045

3

2,794,980,253

« 399, 312,595

3,600,000

396,959,675

3,600,000

«400,559,675

176, 242, 631

150,000

176, 392,631

176,242,631

150,000

176,392,631

176, 242, 631
170, 404,165

150,000
148, 620

176, 392, 631
170,552, 785

176, 242,631
170,404,165

150,000
148,620

176,392,631
170,552, 785

3

O

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
1

327, 448, 807 1, 625,000
2, 363, 070, 287 15, 470,436

329, 073, 807 1,912,920
2, 378, 540, 723 19,147,196
515, 478,134

5,194, 938

97.137,192
96, 480, 631
656, 561
2,113,138, 215 13, 452,951 2, 126, 591,166

809,871
17,850, 201

510, 367,165

5,110,969

5,194, 938

505,172, 227

5,110, 969

510, 283,196

96,327,321
656, 561
809, 871
95, 670, 760
17, 850, 201 2,095. 288, 014 13, 452, 951 2,108, 740, 965

78.04

89.03

78.11

77.18

77.18

78.05

89.03

78.12

87.59

92.86

87.63

82.57

82.57

87.63

92.86

87.67

6.70

7.13

6.71

8.73

8.73

6.69

7.13

Including District of Columbia nqnnational banks and building and loan associations.
2 Including building and loan associations.
3
Does not include 159 banks restored to solvency.
4
Does not include 1 bank restored to solvency.




327,160, S87
1, 625, 000
1, 912, 920
325, 535,887
19,147.196 2, 343, 923, 091 15,470, 436 2, 359, 393, 527

5
6
7
8

Does not include 158 banks restored to solvency.
Includes $23,100,000 capital stock of 159 banks restored to solvency.
Includes $50,000 capital stock of 1 bank restored to solvency.
Includes $23,050,000 capital stock of 158 banks restored to solvency.

§

w
o
o

I
o

W
o
d
o

O5

TABLE NO. 43.—Number and deposits of national and District of Columbia nonnational banks * placed in receivership period Apr. 14f 1865 to
Dec. 81, 1947, by groups according to percentages of dividends paid to Dec. 31, 1947
Liquidation Banks

Periods and bank groups

Dividends paid, 100 Dividends paid, 75 Dividends paid, 50 Dividends paid, 25 Dividends paid less
percent and over
to 99.9 percent
to 74.9 percent
to 49.9 percent
than 25 percent
Number of
banks

Receiverships completely liquidated and finally closed or restored to solvency, 1865 to 1947
(2,972 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).

Deposits

Number of
banks

Deposits

Number of
banks

Deposits

Number of
banks

Number of
banks

Deposits

Tc
Number of
banks

Deposits

Restored Total
to sol- all
vency banks
banks 2
Deposits

Num- Number of ber of
banks banks

208

$77,296,606

163

211 $66,952,690

156

$45,465,025

159

$30,828,899

897

$285,115,767

77

974

Nov. 1, 1930 to Oct. 31, 1931....
Nov , 1931 to Oct. 31, 1932
Nov , 1932 to Oct. 31, 1933....
Nov , 1933 to Oct. 31, 1934.. _.
Nov , 1934 to Oct. 31, 1935.-Nov , 1935 to Oct. 31, 1936
Nov , 1936 to Oct. 31, 1937-..
Nov , 1937 to Oct. 31, 1938
Nov , 1938 to Oct. 31, 1939-..
Nov 1, 1939 to Oct. 31, 1940
Nov 1, 1940 to Oct. 31, 1941-..
Nov 1, 1941 to Dec. 31, 1942....
Jan. 1,1943 to Dec. 31,1943
Jan. 1,1944 to Dec. 31,1944
Jan. 1,1945 to Dee. 31,1945
Jan. 1,1946 to Dec. 31,1946
Jan. 1,1947 to Dec. 31, 1947

6
11
8
8
28
40
86
4 76
26
19
5 7

14
6
3
1
0
0

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
412,269,316
1,796,607
0
0

5,323,140
16
5,549,989
16
5,826,514
13
8,517,835
18
29 11,801,668
46 12,246,387
80 38,690,969
110 54,346,379
61 58,631,031
36 43,639,246
39 68,673,118
46 248,608,395
8 75,837,758
1
4,613,782
2
2,390,914
2
616,710
1 26,966,990

22
33
21
17
34
56
85
106
42
38
«42
26
8
5
0
0
1

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
28,787,475
0
0
183,818

29
27
15
8
30
43
8 51
48
21
15
6 10
14
5
1
1
0
0

8,497,657
10,027,603
6,902,413
1,451,334
9,062,628
12,556,918
19,594,780
16,991,046
10,103,204
9,332,899
10,540,731
52,025,720
24,606,118
141,119
0
0
0

18
10
12
13
31
29
38
24
9
4
4
4
3
0
0
0
0

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
0
0
0
0

91
97
69
64
152
214
340
364
159
112
102
104
30
10
4
2
2

29,738,938
47,739,776
29,929,256
26,590,650
44,122,328
62,463,442
154,448,954
167,176,781
123,971,181
121,694,861
182,060,503
451,774, 537
158, 476, 582
445,811,692
4,187, 521
616,710
27,150,808

8
25
9
28
11
1
0
0
0
0
0
0
0
0
0
0
0

99
122
78
92
163
215
340
364
159
112
102
104
30
10
4
2
2

Total 1931-1947 (1,998 banks).
Active receiverships as of Dec. 31,
1947 (9 banks)

339

694,729, 531

524

672,280,825

536 462,161,130

1,916 2,077,954,520

82

1,998

2

5, 396, 792

3

7,047,661

Grand total (2,981 b a n k s ) . . . .

549

777,422,929

690

743,901,033

$64, 57 2,547

318

191,834,170

199

56,948,864

3,025,983

0

0

1

0

750 532,139,803

474

237,299,195

359

87,777,763

3

1
Including building and loan associations.
2 Deposits for banks restored to solvency unavailable.
Exclusive of 1 receivership finally closed during year ended Oct. 31,1937, but reopened
as4a receivership during the year ended Dec. 31, 1944.
Exclusive of 1 receivership finally closed during year ended Oct. 31,1933, but reopened
as5a 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 re3




9

15,470,436

0

9

2,822 2,378,540,723

159

2,981

opened as a receivership during the year ended Oct. 31,1940, and again closed during the
year ended Oct. 31, 1941.
6
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.)

REPORT OF THE COMPTROLLER OF THE CURRENCY

167

TABLE NO. 44.—Liquidation statement, 11 receiverships in liquidation during year
ended Dec. 81, 194?

Number of banks__
Collections:
Cash balances in hands of Comptroller and receivers at beginning of period
Collections from assets
Collections from stock assessments
Earnings collected
Offsets allowed an d settled (against assets)
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors
Payments to secured and preferred creditors, other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
Payments of receivers' salaries, legal, and other expenses
Cash balances in hands of Comptroller and receivers at end of
period
Total
1

Credit items (deductions) as reported by receivers.




11
$2, 074, 636
42, 669
19, 954
43, 140
19,519
2, 199, 118
1, 487, 640
1
l

141, 263
19, 519
50, 143
236, 128

!

648,036
2, 199, 118

168

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 45.—Liquidation statement, 2 administered national bank receiverships
completely liquidated and finally closed, during year ended Dec. 31, 1947

Number of banks

2

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
Total

$44, 589, 424
26, 974, 331
4, 595, 835
13, 019, 258
__ 44, 589,424

Collections:
Collections from assets
Collections from stock assessments
Earnings collected
Offsets allowed and settled (against assets)
Total

26,974, 331
1, 824, 963
2, 617, 974
4, 595, 835
36,013, 103

Disposition of collections:
Dividends paid by receivers to unsecured creditors
20, 191, 353
Dividends paid by receivers to secured creditors
Payments to secured and preferred creditors other than
through dividends
7, 848, 191
Offsets allowed and settled (against liabilities)
4, 595, 835
Disbursements for the protection of assets
65, 252
Payments of receivers' salaries, legal, and other expenses
3, 312, 472
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 failureAdditional 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
Average number of years required to complete liquidation




36,013, 103
4, 085, 000
2, 500, 000
2, 500, 000
2, 500, 000
4, 000, 000
27, 150, 808
7, 093, 021
1, 190, 748
23, 016, 959
87. 72
92. 10
9. 38
12. 63

REPORT OF THE COMPTROLLER OF THE CURRENCY

169

TABLE N O . 46.—Liquidation statement, 9 active receiverships as of Dec. 31, 1947

Number of banks
Total assets taken charge of by receivers

9
$27, 613, 295

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

18, 597, 827
928, 129
6, 760, 154
1, 327, 185
27, 613, 295

Collections:
Collections from assets
Collections from stock assessments
Earnings collected
Offsets allowed and settled (against assets)

18, 597, 827
862, 633
1, 618, 456
928, 129

Total

22,007,045

Disposition of collections:
Dividends paid by receivers to unsecured creditors
11, 898, 978
Dividends paid by receivers to secured creditors
77, 534
Payments to secured and preferred creditors, other than
through dividends
6, 816,071
Offsets allowed and settled (against liabilities)
928, 129
Disbursements for the protection of assets
68, 628
Payments of receivers' salaries, legal, and other expenses
1, 524, 072
Payments of conservators' salaries, legal, and other expenses. _
45, 597
Cash balances in hands of Comptroller and receivers
648, 036
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




22,007,045
3, 600, 000
150, 000
150, 000
148, 620
1, 625, 000
15, 470, 436
5, 110, 969
656, 561
13, 452, 951
89. 03
92. 86
7. 13

170

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 47.—National banks in charge of receivers during year ended Dec. 31,
amounts of total assets and total liabilities at date of failure, capital stock and stock
together with the disposition of such collections, and various other data indicating the
Organization

Name and location of banks
Charter
No,

Date

CONNECTICUT

2958

Plantsville National Bank, Plantsville 2_.-

12637

Jan. 16,1925

3102

Dec. 20,1883

5312

Apr. 23,1900

3600

Nov. 18,1886

5613

Sept. 25,1900

1287
13336

May 20,1865
June 10,1929

13141
1171

Nov. 7,1927
May 3,1865

14234

June 26,1934

6246

Mar. 8,1902

ILLINOIS

1715

Calumet National Bank, Chicago
KENTUCKY

1424

National Bank of Kentucky, Louisville...
LOUISIANA

2934

Commercial National Bank, Shreveport i_
MISSISSIPPI

First National Bank, Lumberton
NEW YORK

2946

Salt Springs National Bank, Syracuse 3
Fort Greene National Bank in New York, N. YA.

2961
2965

Keswick National Bank of Glenside 2
First National Bank & Trust Co., Easton 2_

2964

Poultney National Bank, Poultney 2

PENNSYLVANIA

VERMONT

VIRGINIA

2956

Parksley National Bank, Parksley 2
Grand total (11 receiverships)
Total
Total
Total
Total

active (9 receiverships)
finally closed (2 receiverships) _.
failures 1947 (0 receiverships)...
activity 1947 (11 receiverships).

See footnotes at end of table.




171

REPORT OF THE COMPTROLLER OF THE CURRENCY

1947, dates of organization, appointment of receivers and final closing, with nominal
assessments, amounts collected from all sources, including offsets allowed and earnings,
progress and results of liquidation to Dec. 31, 1947
Liabilities

Failure

Capital
stock at
date of

Date
receiver
appointed

$50,000

Oct.

Deposits
at date of
failure

Additional
liabilities
established
to date of
report

$421, 461

June 26,1939

400,000

Borrowed
money (bills
payable, rediscounts,
etc.) at
date of
failure

$51, 907

Total liabilities established to
date of
report

$473, 368 2958

7,1931

$482, 691

2, 299, 269

144, 221

4,000,000

Nov. 17,1930

7,083, 021

26, 966, 990

1,188, 522

35, 238, 533 1424

1,000,000

Feb. 21,1936

3, 261,929

242, 633

3, 504, 562 2934

2, 926,181

1715

1,1944

97,089

305, 253

6, 973

800, 000
500,000

Jan. 22,1934
Aug. 14,1937

1,144, 260
125,000

4,165,850
2, 015, 717

82,118
33, 276

5, 392, 228 2697
2,173,993 2946

150,000
600,000

Apr. 14,1941
Dec. 10,1943

1, 204,158
4,192, 634

1,552
39, 307

1, 205, 710 2961
4, 231,941 2965

866,094

54, 574

50,000

Oct.

50,000

May

9,1943

85,000

May 18,1939

409, 315

920,668

2964

2956

10,000

183,818

2,226

196,044

7, 685,000

12,203,990

42, 621, 244

1,847, 309

56, 672, 543

3,600,000
4,085,000

5,110,969
7,093,021

15, 470,436
27,150, 808

656, 561
1,190, 748

21, 237,966
35,434, 577

34, 715

34,715




2268

172

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 47.—National banks in charge of receivers during year ended Dec. 31,
amounts of total assets and total liabilities at date of failure, capital stock and stock
together with the disposition of such collections, and various other data indicating the
Assets and assessments

Circulation

Lawful
money
deposited
to retire

Outstanding
at date of
failure

Book value
of assets
at date of
failure

Additional
assets
received
since date
of failure

Assessments
upon
shareholders

Total assets
and stock
assessments

$380,181

$104,313

$25,000

$509,494

1715

$99,520

$99, 520

3, 506,809

225,066

400,000

4,131,875

1424

2, 500,000

2, 500,000

40,301,411

3,933, 767

4,000,000

48,235,178

4,979,086

394,601

463,104

44,055

50,000

557,159

2697
2946

6,365,136
2,475,163

292,365
330,146

800,000
350,000

7,457, 501
3,155, 309

2961
2965

1,306,808
5,168,905

107,434
420,874

1,414,242
5, 589, 779

2964

919,185

130,064

1,049, 249

2934

2268

49,100

49,100

279,379

2956

5,373,687

74,867

354, 246

2, 648, 620

66,145,167

6, 057, 552

5, 625,000

77,827, 719

148, 620
2, 500,000

25, 564,377
40, 580, 790

2,048, 918
4,008, 634

1, 625,000
4,000,000

29,238.295
48, 589,424

s 26, 640
See footnotes at end of table.




« 26,639

173

REPORT OF THE COMPTROLLER OF THE CURRENCY

1947', dates of organization, appointment of receivers and final closing, with nominal
assessments, amounts collected from all sources, including offsets allowed and earnings,
progress and results of liquidation to Dec. 31, 194-7—Continued
Progress of liquidation to date of this report

Cash
collections
from assets

Cash
collections
from stock
assessments

Receivership
earnings, cash
collections
from interest,
premium,
rent, etc.

Offsets
allowed and
settled

Total collections from all
sources including offsets
allowed a n d
unpaid balance
R. F . C. loans

Losses on
assets compounded or
sold under
order of
court

$358, 548

$2,031

$5,887

$36,308

$402, 774

$89, 638

2958

1,781,137

225, 658

171, 750

218,150

2,396, 695

1, 710, 599

1715

26,832, 520

1, 824,963

2, 605, 946

4, 589, 526

35, 852, 955

12, 813,132

1424

481, 672

23,139

3, 932, 690

1, 907, 483

2934

12,343

103, 257

54, 296

400, 340

222,419

2268

503, 777
118, 824

485, 505
74,061

286, 346
121, 626

5,771,493
2,155,298

1, 686, 756
208,164

2697
2946

1,182,084
4,409,354

73, 842
179, 347

47,008
55,803

1,302, 934
4, 644, 504

185,150
726, 280

2961

871, 729

43,135

85,453

1,000, 317

23, 665

2964

2956

3,427,879

230,444

4,495, 865
1,840, 787

12,028

6,309

160,148

206,126

45, 572,158

2,687, 596

4,236,430

5, 523,964

* 58,020,148

19, 779, 412

18, 597, 827
26, 974,331

862, 633
1,824, 963

1,618,456
2, 617, 974

928,129
4, 595, 835

22,007,045
36,013,103

6, 760,154
13,019, 258

42, 669

19, 954

43,140

19, 519

125, 282

1,189, 233

141,811

785882—48

-12




174

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 47.—National banks in charge of receivers during year ended Dec. 31,
amounts of total assets and total liabilities at date of failure, capital stock and stock
together with the disposition of such collections, and various other data indicating the
Progress of liquidation to date
of this report—Continued

Book value of
uncollected

Book value of
remaining
uncollected
stock
assessments

$21,989

On secured
claims

On unsecured
claims

Cash
advanced in
protection
of assets

allowed

979,521

$3,073

20,083,506

12,425,449

64,350

47,222

147,498

163,017

1,727

3,567, 759
1,130, 524

$51,177

1,006,613

3,616,096

174,342

$39,721

1,737,128
660,807

14,888
1,387

15,186

37,657

2268

Secured and
preferred liabilities paid
except through
dividends, in-

$302,292

2,175,037

1424

2934

Dividends paid by
receivers

$22,969

2958

1715

Disposition of proceeds of liquidation

24,288

2697
2946

188,534
634,732

2961
2965

398,342

1,120,078
3,837,361

83,990
371, 584

101

2964

68,402

786,853

92,336

230

296,223
231,176

107,847

18, 577

902

1,327,185

2,937,404

77,534

32,090,331

20,188,226

133,880

1,327,185

762,367
2,175,037

77,534

11,898,978
20,191,353

7,744,200
12,444,026

68,628
65,252

«1,278,060

8 19,954

"I

1,487,640

8 121,744

8 50,143

2956




175

REPORT OF THE COMPTROLLER OF THE CURRENCY

194-7, dates of organization, appointment of receivers and final closing, with nominal
assessments, amounts collected from all sources, including offsets allowed and earnings,
progress and results of liquidation to Dec. 31, 191+7—Continued
Disposition of proceeds of
liquidation—Continued
Conservators'
salaries,
legal and
other
expenses

Receivers'
legal and
other
expenses

Cash in
hands of
Comptroller and
receivers

Amount of
claims
proved

Dividend
(percent)

Interest
dividend
(percent)

Date
finally
closed

70

$22,433

$38,328

$431, 847

295,321

60,990

1,877,466

53.5

22, 840,334

4 87.93

3, 279, 650

1715

D e c . 31,1947

1424

163, 486

105, 886

62, 681

1,129

217, 761

392, 846
213,362

13, 275
147,149

3, 638,730
1, 510,069

50,330
259, 590

48, 536
175,868

1,120,078
3, 837,361

100
100

2961
2965

64,023

56,875

819, 639

96

2964

176, 625

61.06

45, 597

4,836, 544

648, 036

36, 469, 910

45, 597

1, 524,072
3,312,472

648, 036

13,452, 951
23,016,959

236,128

"~s~l,~426,~6(J6

108, 849

$45, 597

2934

64.17

2268

97.5

2697
2946

July

15,1947

2956

1 Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold or to
complete unfinished liquidation (1) bank.
2
Federal Deposit Insurance Corporation appointed as receiver in accordance with Banking Act of 1933
(«) banks.
* Formerly in conservatorship (1) bank.
* Including dividends paid through or by purchasing bank (1) bank.
5 Decrease.




TABLE N O . 48.—Bank suspensions since inauguration of Federal deposit insurance, years ended Dec. 31, 1984 to 1947
Capital (in thousands of dollars)1

Number
Nonmember banks

Member banks

Year ended
Dec. 31—

All
banks

National

Insured

State

Noninsured

8
22
40
47
47
25
18
3
6
2
21

48
8
3
6
7
10
3
1
3

Member banks
All
banks

National

State

, Deposits (in thousands of dollars)

Nonmember banks
Insured

Noninsured

Member banks
All
banks

National

State

Nonmember banks
Insured

Noninsured

3
3

1934. .
1935
1936...
1937
1938...
1939
1940
1941
1942
19431944
1945.
1946
1947.

57
34
44
, 58
56
42
22
8
9
4
1

..

Total

-.

.

1
4
1
3
1
4
1
4

2
1
3

2

25
405
88
685
25
220
82
360

21,662

2,540

21

6

219

90




650

3,381
480
195
75
365
285
53
18
55

9,919

4,907

36,939
10,101
11,323
16,169
13, 837
34, 980
5,944
3,723
1,702
6,248
405

42
5,399
524
3,825
36
1,323
257
3,141

1,708
211
24,629

5,007

1,912
3,763
10,207
10,156
11, 721
6,589
5,341
503
1,375
1,241
405

34,985
939
592
480
1,869
2,439
346
79
327

53,213

42,223

167

167

1 Includes capital notes and debentures, if any, outstanding at date of suspension.
Located in the State of Indiana.
Private bank located in the State of Georgia.
NOTE.—Figures for banks other than national furnished by Board of Governors of the
2
3

671
25
3,600

416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32

si

1
336

3,822
1,518
1,961
3,435
2,467
5,309
1,587
496
327
708
32

4, 296

141, 538

19, 554

26, 548

Federal Eeserve 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.

1-3

W

8
F
F

W

TABLE N O . 49.—Fiduciary activities of national banks as of Dec. 31, 19%7
Banks with capital o—
f
$25,001 t o
$50,000

$25,000

Number of national banks with trust powers but not administering
trusts _
Number of national banks with trust powers administering trusts. _
_
Total number of national banks authorized to exercise trust
powers
Total assets of national banks with trust powers but not administering
trusts _ _
____
Total assets of national banks with trust powers administering trusts..
Total assets of national banks authorized to exercise trust powers. -

$50,001 t o
$100,000

$100,001 t o
$200,000

$200,001 t o
$500,000

$500,001 a n d

over

Total

13
11

50
53

99
277

69
450

34
404

11
316

276
1,511

24

103

376

519

438

327

1,787

$27, 808, 646
24, 551, 891

$149, 329, 794
152, 451, 714

$477, 438, 538
1, 453, 348, 974

$575, 742, 298
3, 572, 088, 425

$558, 051, 001
7, 002, 494, 448

$1, 273, 460, 485
58, 391, 068, 745

$3, 061, 830, 762
70,596,004,197

52, 360, 537

301, 781, 508

1, 930, 787, 512

4,147, 830, 723

7, 560, 545, 449

59, 664, 529, 230

73, 657, 834,959

TRUST ASSETS

... _
_

$141, 887
2,291
39, 637
8,551

$4, 575, 901
145, 217
1, 257, 787
96, 325

$52, 389, 272
2,166, 285
6, 786, 031
5, 680, 808

$265, 358,120
5, 201,110
23, 356,313
12, 359, 567

$758, 693, 501
11, 046, 601
57,191, 528
81, 978, 378

192,366

Investments._ _ _
Savings deposits
Demand deposits
Other assets
Total

6, 075, 230

67, 022, 396

306, 275,110

908, 910, 008

18,146, 322, 336

19, 434, 797, 446

$14, 368,
90,
674,
3, 012,

347, 764
695,120
355, 814
923, 638

$15, 449,
109,
762,
3,113,

506, 445
256, 624
987,110
047, 267

a
o
o

1

o

TRUST LIABILITIES

Private trusts _
Court trusts-- .
Total .

$7, 550
184, 816

$1, 231,078
4, 844,152

$28, 669, 760
38, 352, 636

$153, 244,129
153, 030,981

$545, 802, 774
363,107, 234

$15, 807, 982, 996
2, 338,339,340

$16, 536, 938, 287
2,897, 859,159

192, 366

6, 075, 230

67, 022, 396

306, 275,110

908, 910, 008

18,146, 322, 336

19, 434, 797, 446

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- _ _ _

$52, 550
2
10
1

$34, 800
28
45
8

$4, 889, 099
198
248
61

$110,362,978
372
424
176

$221, 684, 878
370
379
219

$9,105, 816, 412
306
301
271

$9, 442, 840, 717
1,276
1,407
736

2
25

115
416

1,514
3,087

5,903
11, 580

18,195
18, 006

65,143
44, 491

90, 872
77,605

27
1

531
9

4,601
121

17,483
573

36, 201
1,314

109, 634
18,177

168, 477
20,195

28

540

4,722

18,056

37, 515

127, 811

188, 672

$17, 488
$7,125
$134

$114, 627
$11, 441
$76

$241,958
$14, 567
$107

$680, 611
$17, 518
$109

$2, 249, 777
$25,107
$128

$57, 425, 071
$165, 517
$373

$12, 862,209
$115, 356
$292

$374

$839

$2,008

$4, 617

$12, 062

$152, 338

$37, 945

Number of living trusts being administered
Number of court trusts being administered
Total number of individual trusts being administered
Number of corporate trusts being administered.
Total number of trusts being administered
Average volume of individual trust assets in each bank
Average volume of trust assets in each individual trust
Average gross earnings per trust for year ended Dec. 31, 1947
_
_
Average gross earnings per trust department reporting trust earnings
for year ended Dec. 31, 1947




o

a
o

Q

TABLE N O . 50.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. 31, 1947

of banks
exercising
fiduciary
powers

Number
with
authority
b u t not
exercising
fiduciary
powers

Total
number
authorized
to exercise
fiduciary
powers

164
237
225
110
130
93
191
93
46
100
64
58

37
27
9
12
19
20
38
27
19
37
24
7

1,511

276

Number
Federal Reserve
districts

Number
of corporate
trusts
being
administered

Trust
department
gross
earnings
for year
ended Dec.
31,1947

Capital of
banks
authorized
to exercise
fiduciary
powers

Total banking
assets of banks
authorized to
exercise
fiduciary
powers

201
264
234
122
149
113
229
120
65
137
88
65

$105, 375,467
304,482, 684
100,322, 530
159, 757,000
60, 916,000
79, 803, 500
220, 470,000
46, 514, 000
36,470,000
54,410,000
79,807, 500
235, 921,375

$4,242, 337,417
14, 593,357, 590
3,925,372, 417
5,365,371,173
3,233,973,164
4,483,777,230
11, 530,002,509
2, 642,148,088
2,154,196,337
3,480,933, 502
3,993, 570.068
14,012, 795,464

4,593
5,519
8,118
11,384
5,486
4,530
27, 680
2,338
2,601
3,594
3,241
11, 788

6,308
8,832
16, 400
10, 602
5,928
3,719
7,900
2,611
2,832
3,441
573
8,459

10,901
14,351
24, 518
21, 986
11,414
8,249
35, 580
4,949
• 5,433
7,035
3,814
20, 247

$1, 294,806, 297
1, 776,332, 542
514, 798,020
2,403, 044,636
687,022, 927
1,050, 080,831
6, 985,100,830
222, 578, 944
1,314, 755, 906
947,999, 659
434,008, 599
1,804, 268, 255

463
1,100
389
2,181
414
844
8,033
1,061
362
2,785
837
1,726

$322,165,886
4,179,129, 420
62, 428, 551
637,121, 947
269,302, 902
355,361, 210
2, 428, 759, 201
129, 064,162
66, 701, 731
249,449, 259
248, 615,052
494, 741,396

$3,906,000
9, 739,000
2, 285, 000
6, 440, 000
2, 480, 000
2, 635, 000
10, 829, 000
972, 000
1, 857, 000
1, 993, 000
1, 716, 000
10,211,000

1,787

1, 484, 250, 056

73,657,834, 959

90,872

77, 605

168, 477

19,434, 797, 446

20,195

9,442,840, 717

55, 063, 000

Living
trusts

Court
trusts

Assets of .
individual
trusts

Total

Bond issues
outstanding
where bank
acts as
trustee

§
t-3

Boston
New York
PhUadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Total

Number of individual trusts

4
OO

W

g

TABLE N O . 51.—Classification of investments in living and court trust accounts under administration by the active national bank trust departments
Dec. 31, 1947
Trust investments classified according to
capital of banks administering trusts
Banks with capital of $25,000
Banks
Banks
Banks
Banks
Banks

with
with
with
with
with

capital
capital
capital
capital
capital

of $25,001 to $50,000
of $50,001 to $100,000
of $100,001 to $200,000
of $200,001 to $500,000
of $500,001 a n d over

Total




Bonds

Percent

Stocks

Percent

Real estate
mortgages

$110,400
2,592,984
24, 804, 798
127,960, 780
346, 062,699
9,772, 074,308

77.80
56.67
47.35
48.22
45.61
68.01

$6,436
1,096,885
16,331,218
85,433,420
270, 742,758
3,271,853,621

4.54
23.97
31.17
32.20
35.69
22.77

$8,400
310,336
3,010, 811
22, 846, 582
52,310,486
534, 859, 619

10,273,605,969

66.50

3, 645,464,338

23.60

613,346, 234

Percent

Real
estate

Percent

Miscellaneous

Percent

Total investments

5.92
6.78
5.75
8.61
6.90
3.72

$6,750
516,145
6,785,651
21, 860, 400
54, 569,169
428,000,828

4.76
11.28
12.95
8.24
7.19
2.98

$9,901
59,551
1,456,794
7, 256,938
35,008,389
361, 559,388

6.98
1.30
2.78
2.73
4.61
2.52

$141,887
4,575,901
52,389, 272
265,358,120
758,693, 501
14, 368,347, 764

3.97

511, 738,943

3.31

405,350,961

2.62

15, 449, 506, 445

w
H
O

d
3
o

INDEX
Page

Affiliates of national banks
13
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1946 and 1947
10-12
December 31, 1947, by classes of banks in each State
115-155
December 31, 1947, summary by classes of banks
113-114
June 30 and December 31, 1936-47
160
Distribution of, December 31, 1947
10
Per capita demand and time deposits of individuals, partnerships,
and corporations in, December 31, 1947, by States
156-157
Suspensions. (See Failures of banks.)
Assessments:
Account of examining service paid by national banks
15
Upon shareholders of insolvent national banks
165, 168-175
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1946 and 1947
10-12
December 31, 1947, by States
115-123
December 31, 1947, summary by classes of banks
113-114
June 30 and December 31, 1936-47
160
National banks:
Call dates in 1947, summary and by States.
4, 33-86
December 31, 1947, by States
124-131
June 30 and December 31, 1936-47
161
Percentage distribution of, December 31, 1944-47
5
Principal items of, according to size of banks (deposits), December 31, 1946 and 1947
30
State banks (see also District of Columbia):
All banks combined:
December 31, 1947, summary and by States
113-114, 132-139
June 30 and December 31, 1936-47
162
Mutual savings: December 31, 1947, summary and by
States
. . 113-114, 148-151
Private: December 31, 1947, summary and by States. 113-114, 152-155
State commercial: December 31, 1947, summary and by
States
113-114, 140-147
Bank currency. (See Federal Reserve notes; National bank circulation.)
Bank examinations. (See Examination of national banks.)
179




180

INDEX

Banks (see also All banks; Assets and liabilities of banks; Mutual savings
banks; National banks; Private banks; State commercial banks):
All banks:
Page
Distribution of, December 31, 1947
10
Insured and uninsured, December 31, 1947
10
Member banks of Federal Reserve System, December 31, 1947. .
10
Number of:
December 31, 1947, by States
115-117
June 30 and December 31, 1936-47
160
Suspensions. (See Failures of banks.)
Insured commercial banks: Number of, December 31, 1947, by
classes.
10
National banks:
Branches. (See Branches of national banks.)
"Calls" for reports of condition of, dates, 1914-47. . .
31
Examination of. (See Examination of national banks.)
Failures. (See Failures of banks.)
Number of:
Call dates in 1947
4
Call dates in 1947, by States
33-86
December 31, 1947, by States
124-125
June 30 and December 31, 1936-47
161
Nonmember banks of Federal Reserve System, December 31,
1947
10
State and private banks:
Number of:
December 31, 1947, by States
132-133, 140-141, 148, 152
June 30 and December 31, 1936-47
162
Supervisors of, name and title of in each State, December 31,
1947
158-159
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1947
10
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, 1947... ' 29
Number authorized and closed in year ended December 31, 1947,
and number in existence December 31, 1947
9
Number authorized in year ended December 31, 1947, by States. . 27-28
Foreign:
Location and summary of assets and liabilities of, December 31,
1947
101, 102
Number in operation December 31, 1947
102
Building and loan associations. (See District of Columbia.)
"Calls" for reports of condition of national banks, dates of, 1914-47
31
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks: Ratios.)




INDEX

181

Capital stock of banks:
All banks:
Page
December 31, 1?47, by States.
118-119, 122-123
June 30 and December 31, 1936-47
160
National banks:
By size of banks (deposits) December 31, 1946 and 1947
30
Call dates in 1947, by States
33-86
Chartered, consolidated, in voluntary liquidation, insolvent,
1935-47
23
Chartered in each State, in year ended December 31, 1947
23-24
December 31, 1947, by States
126-127, 130-131
Failed banks in charge of receivers, in year ended December 31,
1947
164, 168-175
Incident to consolidations with State and national banks, in year
ended December 31, 1947
26
June 30 and December 31, 1936-47
..
161
Liquidated banks, in year ended December 31, 1947. . 8-9, 25, 168, 169
Preferred stock:
Issued and retired
8-9
Retirable value of, on call dates in 1947
4
Total outstanding, December 31, 1947
8-9
State and private banks:
December 31, 1947, by classes of banks and by States
114,
138-139, 146-147, 149, 153
June 30 and December 31, 1936-47
162
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
14
Expenses of, calendar year 1947
15
Issue and redemption of notes
13-14
Liquidation of insolvent national banks
13, 163-175
Organization and staff
14
Personnel
14
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, 1947
26
Changes of title of national banks incident to, in year ended December
31, 1947
26
List of, in year ended December 31, 1947
26
Number of, in each State
22
Number of, and decrease in capital incident to, 1935-47
23
Credit unions of the District of Columbia. (See District of Columbia.)
Demand deposits. (See Deposits.)




182

INDEX

Deposits (see also Assets and liabilities of banks):
Page
All active banks, June 30 and December 31, 1936-47
160
Demand and time in all active banks, by classes in each State, December 31, 1947
122-123, 130-131, 146-147, 151, 155
Insured commercial banks, December 31, 1947
10
National banks, at date of failure
165, 166, 168-175
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1947, by States
156-157
Postal savings:
In all banks, December 31, 1947, by States
122-123
In each class of banks, December 31, 1947, by States
130-131,
146-147, 155
In national banks, call dates in 1947, by States
33-86
Size of national banks, according to, December 31, 1946 and 1947. . .
30
Suspended banks. (See Failures of banks.)
Uninsured banks, December 31, 1947
10
United States Government:
In all banks, December 31, 1947, by States
122-123
In each class of banks, December 31, 1947, by States
130-131,
146-147, 151, 155
In national banks, call dates in 1947, by States
33-86
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1947
43, 105, 106
December 31, 1947
103-104
Building and loan associations in:
Reports required from, in year ended December 31, 1947
13
Summary of assets and liabilities of, December 31, 1947
Ill
Summary of receipts and disbursements of, year ended December
31, 1947
Ill
Credit unions of:
Reports required from in year ended December 31, 1947
13
Summary of assets and liabilities of, December 31, 1947
112
Summary of receipts and disbursements of, year ended December
31, 1947
112
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years ended December 31, 1928-47
109, 110
Years ended December 31,1946 and 1947, by classes of banks.
107
Ratios:
Years ended December 31, 1928-47
109, 110
Years ended December 31,1946 and 1947, by classes of banks.
107
Years ended December 31, 1946 and 1947, by classes of banks...
107
Receiverships of nonnational banks in
163-165
Reports required from banking associations in, in year ended December
31, 1947.
."
12-13
Dividends. (See Earnings, expenses, and dividends of national banks;
Failures of banks.)




INDEX

183

Earnings, expenses, and dividends of national banks:
page
According to size of banks (deposits), year ended December 31, 1947. 96-97
By Federal Reserve districts, year ended December 31, 1947
94-95
By States, year ended December 31, 1947
87-93
Losses charged off on loans and securities:
Years ended December 31, 1928-47
100
Year ended December 31, 1947, according to size of banks
(deposits)
97
Ratios:
Dividends to capital stock and capital funds, years ended December 31, 1929-47. . . .
99
Net profits before dividends to capital stock and capital funds,
years ended December 31, 1929-47
99
Net earnings from current operations and net profits before dividends per $100 of deposits, year ended December 31, 1 9 4 7 . . . .
97
Net earnings from current operations, net profits before dividends,
and cash dividends per $100 of capital funds, year ended
December 31, 1947.
97
Salaries and wages of officers and employees:
By size of banks (deposits), calendar year 1947
96
Years ended December 31, 1945-47
98
Summary, years ended December 31, 1945-47
98
Employees. (See Comptroller of Currency, Office of; Officers and employees of national banks.)
Examination of national banks: Number of bank examinations during year
ended December 31, 1947
14
Examiners and assistant examiners: Changes in number, during the
calendar year 1947
14
Expenses. (See Comptroller of the Currency, Office of; Earnings, expenses,
and dividends of national banks; Failures of banks; National banks.)
Failures of banks:
All banks:
Number, capital and deposits of suspended banks: Since inauguration of Federal Deposit Insurance, years ended December 31,
1934-47
176
National banks:
Assessments against stockholders
165, 168-175
Banks in charge of receivers in year ended December 31, 1947. . 163-175
Capital at date of failure
164, 168-175, 176
Circulation outstanding at date of failure
164, 168-175
Closed and active receiverships to December 31, 1947
163-175
Costs of liquidation of receiverships terminated
165, 168
Deposits at date of failure of banks in charge of receivers, in year
ended December 31, 1947
165, 166, 168-175, 176
Dividends paid to creditors during year ended December 31, 1947,
and total dividends to December 31, 1947
163-175
Number and capital of, 1935-47
23
Number, capital, and deposits: Since inauguration of Federal
Deposit Insurance, years ended December 31, 1934-47
176
Number of, by States, since beginning of system
22




184

INDEX

Failures of banks—Continued
National banks—Continued
p age
Receipts and disbursements of division of insolvent national
banks to December 31, 1947
163-165, 168, 169
Receivership liquidation to December 31, 1947
163-175
Receiverships terminated, 1865-1947
163-175
Receiverships terminated in 1947
168
State banks:
In District of Columbia to December 31, 1947
163-165
Number, capital, and deposits of: Since inauguration of Federal
Deposit Insurance, years ended December 31, 1934-47
176
Federal Deposit Insurance Corporation (see also Failures of banks):
Classification of insured and uninsured banks, December 31, 1947... .
10
Federal Reserve notes: Issue and redemption of, in year ended December
31, 1947
13-14
Fiduciary activities of national banks:
By Federal Reserve districts, December 31, 1947
178
Classification of investments in living and court trust accounts under
administration segregated according to capital of banks, December
31, 1947
178
December 31, 1947, segregated according to capital groups.
177
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 31, 1947
101, 102
Government bonds. (See Investments; United States Government securities.)
Holding company affiliates of national banks, number of, December 31,
1947
13
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, 1947, by States
115-117
December 31, 1947, by classes of banks
113
June 30 and December 31, 1936-47
160
National banks:
By size of banks (deposits), December 31, 1946 and 1947
30
Call dates in 1947, summary and by States
4, 33-86
December 31, 1947, by States
124-125
June 30 and December 31, 1936-47
161
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1947
97
Year ended December 31, 1947, by States and Federal
Reserve Districts
92-93, 94
Years ended December 31, 1928-47
100
State and private banks: December 31, 1947, by classes of banks and
by States
113, 132-133, 140-141, 148, 152
Liabilities. (See Assets and liabilities of banks.)




INDEX

185

Liquidation of national banks (see also Failures of banks):
page
Capital and number of banks, 3,935-47
23
Capital, date, and title of banks, in year ended December 31, 1947,
with names of succeeding banks in cases of succession.
25
Number of banks, in each State, since beginning of system
22
Summary, in year ended December 31, 1947
8-9
Loans and discounts of banks:
All banks:
December 31, 1947, classification of, by States
120-121
December 31, 1947, classification of, by classes of banks
113
June 30 and December 31, 1936-47
160
National banks:
By size of banks (deposits), December 31, 1946 and 1947
30
Call dates in 1947, summary and by States
4, 33-86
December 31, 1947, classification of, by States
128-129
June 30 and December 31, 1936-47
161
Interest and discount earned on:
According to size of banks (deposits), year ended December
31, 1947
96
Year ended December 31, 1947, by btates and Federal
Reserve districts
87-88, 94
Years ended December 31, 1945-47
98
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1947
97
Year ended December 31, 1947, by States and Federal
Reserve districts
92-93, 94
Years ended December 31, 1928-47
100
Real estate loans of, December 31, 1947, by States
128-129
State and private banks: December 31, 1947, classification of by
States
136-137, 144-145, 150, 154
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, 1947, by States
148-151
Insured, December 31, 1947.
10
Uninsured, December 31, 1947
10
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, 1947
164, 168-175
Outstanding December 31, 1947
"
9
National Bank Examiners. (See Examiners and assistant examiners.)
National banks:
Affiliates of, number December 31, 1947
13
Assets and liabilities of:
Call dates in 1947, by States
33-86
December 31, 1947, by States.
124-131




186

INDEX

National banks—Continued
Assets and liabilities of—Continued
Page
#
Principal items of, according to size of banks (deposits), December 31, 1946 and 1947
30
Principal items of, June 30 and December 31, 1936-47
161
Branches. (See Branches of national banks.)
By size of banks, on basis of deposits, December 31, 1946 and 1947. .
30
"Calls" for reports of condition of, dates, 1914-47
31
Capital stock. (See Capital stock of banks.)
Charters granted, in year ended December 31, 1947
23-24
Consolidations. (See Consolidations of banks.)
Conversions of State banks to, in year ended December 31, 1947, list
of
24
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.)
Holding company affiliates of, number, December 31, 1947
13
Insolvent. (See Failures of banks.)
Investments. (See Investments of banks.)
Liquidation of, in year ended December 31, 1947
8-9, 13, 25
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates in year 1947, by States
33-86
Chartered and closed:
1935-47
23
Since February 25, 1863
22
In existence December 31, 1947, by States
22
June 30 and December 31, 1936-47
161
Officers and employees, number and salaries of:
By size of banks (deposits), calendar year 1947
96
Year ended December 31, 1947, by States and Federal Reserve
districts
89-91, 94
Years ended December 31, 1945-47
98
Reports required from, in year ended December 31, 1947
12-13
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 1947.
96
Year ended December 31, 1947, by States and Federal Reserve
districts
89-91, 94
Years ended December 31, 1945-47
98
Organization of national banks:
Charters granted, which were conversions of State banks, in year
ended December 31, 1947
24
Charters granted, in year ended December 31, 1947, list of, by States.. 23-24




INDEX

187
Page

Organization of national banks—Continued
Number and authorized capital of, 1935-47
23
Number of, by States, from February 25, 1863, to December 31, 1947.
22
Summary, in year ended December 31, 1947
8-9
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks, December 31, 1947, by States
156-157
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1947, by States
115-117
Possessions:
Assets and liabilities of banks in:
All banks, December 31, 1947
115-123
Banks other than national, December 31, 1947
132-147, 152-155
National banks, call dates in 1947
36, 46, 82
National banks, December 31, 1947
124-131
Earnings, expenses, and dividends of national banks in, year ended
December 31, 1947
87-93
Per capita demand and time deposits of individuals, partnerships, and
corporations, of all banks in, December 31, 1947
157
Postal savings. (See Deposits.)
Private banks:
Assets and liabilities of: December 31, 1947, by States
152-155
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, 1947
12-13
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.)
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,
1947
:
158-159
State commercial banks:
Assets and liabilities of: December 31, 1947, by States
140-147
Insured, December 31, 1947
10, 158-159
Member banks of the Federal Reserve System, December 31, 1947...
10,
158-159
Nonmember banks of the Federal Reserve System, December 31,
1947
10, 158-159
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1947
10, 158-159
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December 31,
1947
,
158-159
Suspensions. (See Failures of banks.)
Taxes. (See Earnings, expenses, and dividends of national banks.)



188

INDEX

Time deposits. (See Deposits.)
page
Titles of national banks. (See Changes of title of national banks; Consolidations of banks; Organization of national banks.)
Trends in banking, 1944-47
5
Trust companies. (See State commercial banks.)
Trust powers of national banks. (See Fiduciary activities of national
banks.)
United States Government deposits. (See Deposits.)
United States Government securities:
All banks:
December 31, 1947, by States
115-117
December 31, 1947, by classes of banks
113
June 30 and December 31, 1936-47
160
National banks:
By size of banks (deposits), December 31, 1946 and 1947
30
Call dates in 1947, by States
33-86
December 31, 1947, by States
124-125
June 30 and December 31, 1936-47
161
State and private banks:
December 31, 1947, by States
132-133, 140-141, 148, 152
June 30 and December 31, 1936-47
162
Voluntary liquidation of national banks. (See Liquidation of national
banks.)




U. f. aOVERNMENT PRINTING OpFlCEt 1948


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102