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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. Total capital accounts . Total liabilities and capital accounts 5,149, 799 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? 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 1944 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] Number of banks 1 Capital stock (par2 value) 2 Capital accounts 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 _. _ __ . . . 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 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 _ __ _ __ Change since 1946 1947 1946 5,011 1,769.2 5,293.3 5,013 1, 699.8 4,893.0 -2 +69.4 +400.3 620.5 105.1 706.3 83.3 209.5 701.6 102.6 507.2 69.4 192.7 -81.1 +2.5 +199.1 +13.9 +16.8 1, 724.8 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 1,080. 7 951.6 +129.1 644.1 621. 9 +22.2 25.6 61.4 43.6 30.0 33.8 110.5 41.3 29.0 -8.2 -49.1 +2.3 +1.0 160.6 214.7 -54.1 69.8 73.5 25.6 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 Total Ratios: Expenses to gross earnings-. . . Net profits before dividends to capital accounts Cash dividends to capital stock Cash dividends to capital accounts _____ _. 207.0 198.3 +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 _. 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 _ Capital stock 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 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 Change in 12 months (percent of grand total) Number of banks 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. "2 Includes 2 nonmember uninsured national banks. 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] Number of banks Change since 1946 Dec. 31, 1947 1 Dec. 31, 1946 14,755 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 of Windsor Locks... 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 of East St. Louis 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 Bank of Bellevue TABLE First N O National . 4.—National banks chartered which were conversions of State 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 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 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 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 4 4 7 5 4 4 _ 28 21 Apr. May June July Aug. Sept. Oct. Nov. Dec. 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 _ _ _ _ 203,657 394,025 2 67,066 16,483 1,243 121, 782 16, 601 87,268 6,754 161 219, 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, 556 841 918,464 978,006 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, 461 197,852 225 225 225 467 938 2,598 353 774 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 3,830 198 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 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 _. Other assets. Total assets _ 5,935 12,113 \ 150 202 5,775 12,832 1f 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] 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 Total assets.. June 30, 1947 Oct. 6, 1947 Bee. 31, 1947 3 banks 3 banks 3 banks 99,088 123,242 126, 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 1,176 457 296,327 294, 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] 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.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 50 banks 50 banks 50 banks 75,900 174,068 1 27,075 11,622 583 48,871 5,284 53,168 1,960 36 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 34 269 119 398,937 413,909 431,090 243,175 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.Total 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, £30 355 462 177 404 482 2 436 280 201 375,897 390,165 407,378 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 Total 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, 987 2,495 24, 567 9,109 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 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 _ 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 1,239 185, 992 187f2Sl 192,734 104, 706 20,462 486, 514 505,133 496, 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 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. Income collected but not earned Expenses accrued and unpaid Other liabilities.. Total liabilities.. 142,802 407,959 152,141 439,801 19,286 18,232 890 125,855 10,021 133,881 2,357 1,314 384 168,913 438, 708 815, 612 904,162 920,645 492,577 169,494 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 1,373 445 232 1,852 82 276 1,593 48 307 1,772 131 772,268 859, 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] 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 Total assets.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 13 banks 13 banks 13 banks 10,514 20,365 10,746 20,856 897 2,068 149 4,480 938 4,090 468 11,490 20,481 7 1 27 7 2 21 42,810 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. CAPITAL 369 384 39,232 26,047 13,185 37 38, 868 25, 754 IS, 114 48 37,391 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 -Total assets.. 114,978 333,172 21 1,130 26,483 789 100, 504 12,369 49,989 6,235 30 549 787 122,990 313,265 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, 789 616,369 603,803 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 31, Oct. 6,1947 Dec. 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 Total assets.. 259,477 402,944 280,308 406,413 309,101 375,829 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, 111 944,752 977,577 993,919 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] 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 ._. ... Total assetsDemand 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 ._. Total liabilities. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 lbank lbank lbank 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 25 690 678 231,104 230,032 231,066 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 15 220,667 219,127 220, 518 4,000 3,300 553 2,584 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, 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.. 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 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] 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.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 375 banks 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 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 Total liabilities. 2,607 5,485 6,383 3,503 6,315 26, 340 4,843 5,118 6,658 22, 762 6,500 8,055,464 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 Total assets 135,985 388,136 722 54,825 15, 421 893 100,852 10,369 100, 564 3,327 42 144,065 395,212 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 23 773,677 803,821 783,815 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] 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 _' Total assets.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 174 banks 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, 685 131 131 625 639 756 114 179 616 634 848, 271 926,635 926,313 538,453 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 Total capital accounts _- 30 15,695 15,725 16,665 8,915 1,540 42,845 44, 440 44,340 848,271 926, 635 926,313 115,528 127,302 130,608 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] 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.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 93 banks 93 banks 93 banks 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 24 595 235 5 690 427 16 682 234 621,946 630,317 691,103 387,344 111,287 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 45 534 796 502 583,695 590,845 651,826 480 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 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 _.. Total assets.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 33 banks 34 banks 34 banks 196,651 528,636 145 60,384 13,198 1,775 157,626 12,912 123,676 8,450 226 211,122 526,480 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 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 62 banks 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 106,539 415, 502 33 6,597 15, 650 1,076 84, 920 11,143 71, 224 4,461 37 119,801 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 5 174 958 610 4 348 1,272 604 4 258 995 513 718, 929 746,377 769,987 381, 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] 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 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 moneyAcceptances executed by or for account of reporting banks and outstanding _ Income collected but not earned.. ._ Expenses accrued and unpaid Other liabilities Total liabilities. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 180 banks 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 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 6,257 579 215 4,467 5,898 1,259 349 3,830 6,201 324 215 4,044 5,993 502 1,856,354 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] 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. Total assets.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 24 banks 25 banks 25 banks 36,239 100,108 41,269 99,176 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 24,372 1,776 316 24,987 5,093 34,612 1,471 1 27 199 221,101 225, 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 ._.. 37 275 71 50 361 9 247 117 209,869 213,401 221, 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 Total assets.. 399,463 665, 720 657 40,568 32,085 2,476 209, 547 13,833 4,687 2,066 448,713 672,112 42,644 35,881 2,478 237,510 14, 511 230,017 4,935 2,442 644 2,028 517 342 686 2,030 643 341 556 2,179 632 1,583,468 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 __ Total 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 2,000 802 2,742 1,001 834 3,074 426 564 1,001 2,368 810 1,497, 472 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] 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 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. 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.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 39 banks 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, 597 261,340 292,618 166.173 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 2,554 849,841 200,338 135 353 167 495 13 249,735 280,443 60 4,525 4,585 4,482 2,093 445 60 4,560 4,620 4,572 2,541 442 18 610 30 189,178 49,609 5 2,639 27,568 14,204 3,083 236,368 49,918 202 502 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] 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.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 5 banks 5 banks 5 banks 33,611 70,388 7,873 438 115 15,287 37,622 74,207 753 474 332 35,425 75,412 7,310 463 117 16,142 2,531 8,976 753 476 507 141,596 148,112 146,331 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 1,048 149 459 441 135,487 141,681 139,831 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. -.. Total 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 49 1 131 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 43,010 490 116 174 118 172,889 184,368 180,671 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 _ Total 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 3,934 990 58 2,379 4,776 498 277 2,652 4,017 1, 247 2,127, 509 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] 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 June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 24 banks 24 banks 24 banks 68,341 75, 725 1,897 198 22,991 3,388 26,323 1,107 79 13 Total ssets.. 58,387 83,537 58,830 76,594 7,497 818 200 23,643 4,046 33,020 1,213 80 139 7,234 1,224 200 24,857 4,560 37,154 206,140 218,685 125, 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 Total liabilities. SO, 231 117 187 197 137 13 217 188,142 196,965 209,440 3,566 3,074 613 1,594 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] 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. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 45 banks 45 banks 45 banks 110,030 213,756 121,554 228,339 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 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._ _ Total assets.. 28,946 153,525 9 4,583 4,532 220 26,728 2,435 19,321 1,171 548 40 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 23 242,058 280,521 276,169 149,429 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 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 1 834 494 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 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] 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 . . , . Total assets.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 201 banks 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 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 __ Total liabilities and capital accounts 80,979 80,907 1,343,953 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 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 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 247,305 575,365 282,128 595,843 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 3 197 3,440 1,042 26 481 2,477 1,914 42 883 3,613 2,667 1,183,474 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] 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.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 655 banks 655 banks 647 banks 1,341,100 3,359,455 392 200,651 424, 987 25,377 781,001 101,440 569, 789 57,349 497 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 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 Total assets... 55,093 127,025 61,411 131,934 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 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 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-_ 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 moneyIncome collected but not earned Expenses accrued and unpaid Other liabilities ... Total liabilities. 78,494 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 1,716 409,162 444,304 447,236 272,321 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 58,439 322 932 162 350 964 173 374 847 288 391,389 426,085 428,373 5,900 7,154 3,231 1,488 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 _ ._ _ Total assets.. 41,822 133,755 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 1,243 670 152 248,065 281,551 279,578 154,276 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 48 237,113 270,113 268,042 100 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— Total 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 1,232 992 9,830 1,601 1,127 9,494 5,744 1,300 8,491 2,184 4,524,767 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 Total liabilities 549,806 296,171 15 18, 764 44,585 72,153 15,303 996,797 682,525 814,272 605 18 161 786 2,292 891 223 842 2,619 94 85 842 2,311 1,031 1,001,550 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] 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 _ Total assets.. June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 lbank lbank 1 bank 2,282 949 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 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 Total 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 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 Total liabilities. 15,693 110,442 84,825 20,429 1, 726,986 1,251,384 475,602 95 1,335 3,566 1,191 79 1,635 1,771 381 1,880 2,760 1,366 1,626,210 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 Fndivide' profits 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....- . 217,999 839,407 268 26,934 37,171 1,708 158,725 15,722 152,640 8,667 236,451 820,106 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 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 83,161 Total liabilities and capital accounts 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 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. _ _ Total assets.. 31,004 69,569 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 55 147,826 164,138 171,260 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 _ Total 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, 450 163 100 2 169 104 57 139, 517 155,602 162,604 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 . Massachusetts Rhode Island Connecticut.. . _ . .. Total New England States New York New Jersey.._ . Pennsylvania Delaware.. ______ Maryland District of Columbia . . Total Eastern States. Virginia West Virginia North Carolina South Carolina Georgia .. Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee _ . . . . _ _ Total Southern States Ohio Indiana Illinois . . Michigan Wisconsin. _ _ _ _ _ Other current earnings Total earnings from current operations 6,045 5,421 4,237 62, 693 4,627 16,882 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 1,385 389 214 647 13 50 61 25 34 437 50 .- Other service comService charges, missions, Trust charges departfees, and on deposit collection accounts and exchange ment charges 36, 212 304 67 _ Service charges and other fees on banks' loans 177 736 121 9 51 45 24 __ Other securities Interest and discount on loans 2,402 2,556 2,442 23,753 1,656 6,287 51 39 131 76 .. U.S. Government obligations 2,408 1,500 1,029 23,193 2,155 5,927 33 _. 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 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 Number of banks1 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 Interest and dividends on securities , Interest and discount on loans Service charges and other fees on banks' loans U.S. Government obligations 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 comService charges, missions, Trust 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 Maine New Hampshire. Vermont Massachusetts... Rhode Island Connecticut ll a 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 164 180 138 873 72 334 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 3,383 636~ 290 225 187 387 476 393 140 293 2,406 12, 864 7,961 17,132 126 1,602 II § II 2 111 206 166 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 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 12 145 453 556 421 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 1,5 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 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 g 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 29,982 160,555 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- 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 _-. - Total Eastern States TftTiriessfie On loans - _. 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 On securities - Total New England States _ Total Southern States Profits before Total income losses taxes and chargeoffs 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 Wisconsin 00 Minnesota oo Iowa o° Missouri ^ ixxooutxxr . . . _. --- 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 1of employees other than officers Fees paid to directors and members of executive, discount and advisory committees _ Interest on time deposits (including savings deposits) . Interest and discount on borrowed money ._ Taxes 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 9,0 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 7,C 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 " " 2,076,952 ,076, 2,640, 9767, 738, C'' , 581,220L ,243, 810 7,, 086, 788 2,285,167 8,494,799 2,765, ,765, 527 3,6 0 4 ,908 " , 750,0612,572,098 2. Securities 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] 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 other1 than officers. 1945 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 Percent Amount Percent to total Amount 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) Total demand deposits Time deposits: Individuals, partnerships, and corporations U. S. Government Postal savings _.. Banks in United States __ Total time deposits Total deposits _ 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 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 18,013 11,170 6.843 800,394 493,805 306,589 221,980 1,500 25 106,909 500 25 115,071 1,000 223,505 107,434 116,071 1,023,899 601,239 422,660 872 2,250 2,620 254 1,299 1,011 618 951 1,609 1,029,641 603,803 425,838 20,900 31,750 10,975 3,342 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 _. _ Total liabilities and capital accounts 66,967 33,921 33,046 1,096,608 637,724 458,884 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 Total assets 213,892 550,902 28 1.624 41,330 1,723 163,814 20,322 76, 288 13,823 233 228,723 1,450 1,335 1,272 1,450 1,367 2,781 1,088,036 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 ._. Total 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, 505 500 634 2,355 3,728 730 2,077 2,264 872 2,250 2,620 1,022,235 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] 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 assetsTotal assets... June 30, 1947 Oct. 6, 1947 Dec. 31, 1947 10 banks 10 banks 10 banks 98,914 217,730 7 494 14,847 105,733 220,738 697 12,659 937 63,780 8,638 26,164 7,574 203 110,766 205,508 7 787 12,169 928 63,222 7,851 47,149 7,554 210 1,450 786 1,450 689 847 1,400 750 583 441,000 450,109 458,884 270,552 117,611 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 Total liabilities. 405,304 286,693 118,611 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 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 32,828 29,798 61,601 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 (or recoveries Recoveries 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 Grand total of borrowing members, 4,991; nonborrowing, 7,826. 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 * -, 85,301,818 1,427,574 6,856,008 11,371,229 1,433,465 2,601,053 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 10,580 108,991,147 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 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] Govand U.S. Population Num- Loans ernment (approxi- ber of discounts, obligations including mate) i banks overdrafts direct and 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 InvestCus- 1 ments tomers Real estate and other liability owned assets on other indirectly acceptOther 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, reStates bonds, including Currency cluding serve baland notes, and stocks of and coin ances and 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 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 7,911,971 3,908,728 8,328, 747 6,349, 797 3,345,029 2, 938,827 2,640,887 3,898,245 671 492 883 447 556 680 662 597 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, reincluding Currency cluding serve balstocks of and coin ances and 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- acceptassets 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 3 982 525 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 13 168 1,722 12, 111 8,756 7,037 6,287 2 949 2,273 8 23 53 229, 254 437, 732 21, 043 • 15,069 14, 755 43, 228, 562 81, 623,382 5,361,993 4, 897, 998 Includes members of the armed forces overseas. 27, 947 1,735 25,415 250,571 128, 560 1,231 499, 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 9 979 72,367 99,345 7,545 15, 495 1,055 22 62, 284 19, 545 566 402 44 2 4,166 2,921 1 12,175 20 39, 870 13, 969,880 465, 387 205 592, 965 213 175, 513 656 434,028 1,813 13, 291 53, 362 19, 406, 293 300 66, 698 159, 479 465, 444 175,073,384 53 252 25 50 64 21 7,634 330 114 7,655 500,300 2,392, 862 36,166, 335 1,059, 571 34, 424 177 27, 736 1,023 1,572 11,543 4 66, 870 33, 381 31,107 490, 822 305,319 1,997 o © 39 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 Maine ___ New Hampshire. Vermont Massachusetts. Rhode Island Connecticut _ Total New England States New York New Jersey Pennsylvania _ Delaware. Maryland _ District of Columbia _ _._ __ _ _. _ Total Southern States 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 1,045,406 440, 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 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 2,816,397 893,028 2,883,454 2,161,950 1,310,031 1,021,044 548,391 655,979 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 7,139 169,434 825,299 939,638 397,177 437,192 442,556 1,182,841 1,447,399 463,857 193,906 902,130 245,691 1,418,032 147, 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 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 td 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 (inindivid- Loans to loans Secured 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 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 _ _ __ - i. Oregon. . California Idaho Utah Nevada Arizona Total Pacific States Total United States (exclusive of possessions). Alaska. Canal Zone (Panama) _ Guam T h e Territory of Hawaii Puerto Rico American Samoa Virgin Islands of the United States 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, 670 448,142 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 80,210 326,952 544 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 5,621 637 476 598, 902 319,474 4,467,349 97, 672 179, 742 48, 917 153,084 704,275 2,336 94,160 5,865,140 10,832,831 2, 571,077 5, 769,874 115,342 621,772 186,768 1,671,075 327,326 223,811 282, 467 127,427 567, 510 250 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 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 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 _ . ._ Total Western States Washington Oregon.. California Idaho Utah Nevada Arizona 257,142 242,744 454,717 226,668 88,132 161,605 158,381 241,852 300,138 124,841 1,315,471 163,745 121,307 330, 719 139,390 767,077 14,044 19,667 791, 588 21,349,196 424,971 1,831,241 3,262,688 36,324 143 140 63 14 7,467 205 294 119 2,703 220 1,634 _ North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma 71.018 27,439 124,659 58,477 34,205 28,419 46,452 34,302 2,959 178 21,243 4,605 623 150,906 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 6,277 2,916 _ _ Total Pacific States 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 9,486 8,165 26,227 30,633 8,970 3,393 17,870 5,168 31,778 371 1,098 141, 690 232 39 22 25 152 53 208 105 375 240 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 62,027 627 2,309 4,403 1,604 2,678 2,265 3,031 4,689 401,197 11,928,473 17,925 2,497 920 3,516 3,235 9,484 13,302 6,077 2,869 9,254 3,456 23,803 111, 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 14 100 19,750 304,069 81,316 56,349 8,896 196 709 116 53 18,009 3,607 7,768 241,132 54,097 506 2,700 21 3,779 12,676 1 14 1,680 3,263 17,348 326,799 346 250 339 126,057 374 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 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 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 6,990 1,585 1,211 1,467 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 furnithan not senting ances ture bank coloutbank and premlected standpremises 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, New York New Jersey Pennsylvania Delaware . Maryland District of Columbia Total Eastern States.. Corporate Obliga- ObligaLoans U.S. Other stocks, tions tions and dis- Govern- guaranbonds, 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 Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas 304 1,297,932 2,064,172 404 389 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 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 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 __ _ Total Pacific States.._. Total Unites States (exclusive of possessions) •_ 149,722 414,767 300,436 504,746 4 37 20, 366 66,676 17, 409 15,028 963 2,269 1,163 3, 750,648 6,032,997 348 608,535 198,049 20,429 24 22 7 19 258 93 70 Kentucky Tennessee. 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, 5461 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 2,182 Total possessions 6 52, 642 151, 290 183,238 379,693 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 13,342 135, 766 5,011 21. 480, 45738, 819, 276 9 4 4 79 6,468 9,172 39, 520 37,079 4,876 6,611 21, 842 7,234 79, 702 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 8,396 23, 913 118 2,149 114 173 2,653 19 2,361 16, 606 351 372 9 3, 445 2,845 19, 318 32, 681 2,276 11 6.159 3. 028. 6072. 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, 771 276,169 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 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 3, 435, 962 914,155 4, 350,117 4,060 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 18, 295 205 26 500 10, 758,126 1,196, 944 4, 542.140 25. 754 542, 526 493, 805 Acceptances executed by Income Expenses or for ac- collected accrued count of and not reporting but banks and earned unpaid 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 2,260, 756 1,202, 528 6, 751, 288 1, 667,084 873, 234 1, 533,103 631, 628 1,463,133 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, 686,933 900 Total Middle Western States 16,382, 754 1, 025 Ohio Indiana _ Illinois Michigan Wisconsin Minnesota Iowa Missouri . 25 5, 535, 641 21, 918, 395 North Dakota _ _ South Dakota Nebraska __ Kansas Montana ._ .__ _. Wyoming, _ . _ _ .. Colorado - New Mexico _ Oklahoma 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 3,564 Total possessions.. . . 124, 814 127, 542 252,356 62, 835, 410 19, 439, 946 82, 275,356 Total United States and possessions 1 564 2,787 1,2,35 6,658 5,173 717 4,044 454 1,001 6,921 2,743 22,762 6,569 2,318 5,993 743 2,368 1,717 814 6,500 1,549 303 502 176 810 82, 753 27, 260 187, 949 40, 805 26, 980 37, 371 12, 699 30, 978 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 6,296 22,069 50, 417 12,371 446, 795 542, 322 200, 899 109,182 535 147 180 436 436 202 169 307 137 645 548 642 970 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 5,845 245 87 5 118 18 49 215 100 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 45,135 316 21 29 4 13 6 150 60 19 103 21 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 _ 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 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 indiLoans resi- Secured viduals by farm by to dential by land (in- properties (conbanks other cluding sumer (other properimprove- 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 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 47,994,884 100 100 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 4,000 400 4,000 17,746 65, 702 2,081 19,195 1,153 12, 437 74 1,264 50 50 878 250 661 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 4 30 126 406 2,815 7 113 118, 543 13 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 owned, representreserve rency counts, ligations, and ponotes, ber of than balances, furniture ing barfk of and de- stocks banks including direct and litical and fix- bank premises Federal and coin and cash 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 3,c 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 14 692 315 661 90 3,217 1,586 32,874 36,675 23,721 8,936 335, 684 57.209 142,998 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 7,774 9,660 5,748 19, 022 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 CO to ASSETS [In thousands of dollars] 40,691 13,972 13,483 326,954 73, 257 197,832 48,921 Customers' liability on acceptances outstanding 30 23 93 4 289 68 1 12 Total assets 2,600 1,096 25 1,159 182 233 7,993 1,721 14, 274 516,621 400,004 226,433 4,866,448 848,103 2,242,335 3, 721 25, 562 9, 099,944 80 769 1,101 269 Other 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] Location Maine New Hampshire. Vermont Massachusetts Rhode Island Connecticut Total New England States New York New Jersey Penns yl vania Delaware Maryland District of Columbia... Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee 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 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 29, 625 16, 720, 799 1,190, 231 2, 339, 390 337, 091 600, 032 306, 588 12, 201, 464 1, 523, 230 2,089, 743 139, 907 659, 989 116, 073 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 4,482 102,175 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, 229 130 263 260 126, 390 262, 290 35 811 153,416 131,470 59 710 87,430 86, 313 92 076 39,421 107, 650 144,103 745 270 405,942 1,392, 579 264, 733 725,100 499, 096 310,277 577,933 505, 611 1,142,957 387,125 948,028 603,856 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 Total Southern States 6,919,167 1, 589,340 8, 508, 507 8,540 Acceptances executed by or for account of reporting banks and outstanding Time deposits Demand deposits 117,193 12,968 31, 795 911,600 218, 476 506, 674 - Bills payable, rediscounts, and other liabilities for borrowed money 825 477 52 125 100 2,600 1,096 25 1,190 921 810 21, 352 9,323 10,919 Capital stock i 680,070 155,665 91 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 28 17 98 862 O M O W O o Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri . -- - - - - _ --. Total Middle Western States North DakotaSouth Dakota Nebraska.Kansas Montana Wyoming Colorado New Mexico Oklahoma- _ _. _ ._ _._ _. . . . __ _ ._ __ - __ _ _ - _. Total Western States Washington Oregon __ __ California Idaho __ ._ _ Utah Nevada __ Arizona. _ _ . . _ . . . Total Pacific States 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 1 Includes capital notes and debentures. .. . 2 101,251 958,311 2, 217,045 1,127, 645 745, 614 469,279 1, 221,032 2, 082, 686 1 802 400 492,162 987, 626 1, 333, 266 797,186 512, 237 397, 577 432,179 3 903 651 1, 450, 473 3 204 671 2, 460, 911 1, 542,800 981, 516 1, 618, 609 2, 514, 865 458 100 177 91 10 103 150 1,200 120 20 527 49 11 116 20 179 3,877 37 256 9,286 2,419 1,362 1,340 8,858 10,922,863 6, 754, 633 17, 677, 496 2,289 843 84, 577 238,258 222,802 360,687 646,06S 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, 278 190 93 645 741 354 141 1,228 28 828 2, 271,992 386, 685 2, 658, 677 4,248 225 435 15 57 5 876 1,593 20 177, 944 102,850 1, 769, 533 81, 615 172,150 19,241 79,118 271, 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, 402, 451 2,173, 408 4, 575, 859 355 4,601 45,809, 310 34, 017, 206 79,826, 516 20, 499 22, 721 29 736 21,811 116,844 153,908 1,353 54 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 7,648 346,427 264, 557 610,984 8,980 7,648 46,155, 737 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 15, 287 424, 627 1, 546, 674 3,321, 695 1, 348,177 321,151 690 798 611 400 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, 353,057 324, 745 4 38 849 767 1,887 4 2 3,551 760 H O a o g (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 to Commer- farmers dicial and rectly guarLoans to industrial anteed by Other brokers and loans (in- the Com- loans to dealers in cluding farmers 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 . _ _. New York- _ . _ New Jersey Pennsylvania Delaware Maryland District of Columbia _ __ __ Total Eastern States Virginia West Virginia North Carolina South Carolina Georsria Florida Alabama _. Mississippi Louisiana Texas Arkansas Kentucky Tennessee _ __ ____ _ Total Southern States __. . . Real-estate loans Other loans for the Other purpose of loans to purchasing Secured by Secured by individto or carrying farm land residential Secured uals (con- Loans banks stocks, properties (including by other sumer bonds, and improve- (other than properties loans) other farm) ments) securities 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 4,427,411 324 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. ._ 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 292,123 60,876 276, 654 119,980 95 264 25,806 65, 568 310, 316 145 36 8 379 19 898 336 709 23,513 32,487 40,548 31,194 33 902 40,949 95,163 52,148 25,913 170 21,870 503 476 12 575 1,716 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 97,575 15, 704 189,907 21,209 5,505 298,115 8, 558 24,168 2,049 6,453 419 28 62 742 238 366,057 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. New York New Jersey _ Pennsylvania Delaware Maryland District of Columbia __ 4,653 3,882 40,500 300 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 Banks in foreign countries 627 689 2,635 346,442 236 344,127 903 170,460 26, 224 3, 455,145 7,204 549,195 9,326 1, 512,389 120 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 U.S. Government 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 Certified Individuals, partand cashiers' nerships, and checks, corporaetc 1 tions 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 62,027 352 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 15,300 219, 743 59, 790 42,098 7,545 611, 330 2, 684, 593 3, 709,376 59,947 1,440,000 37,222, 608 2 1 293 20 032 9 357 8 463 86, 764 94,122 959 760 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 3,137 10, 896 3 607 7,768 122,589 54,097 506 1 26 14,114 199,489 16 10 218 60 38, 841 299 10 2 7 2 6 12 4 454 26,313 36 332 1,631 5 107 65 7 3 20 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). 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 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 ._ CorpoU.S. Obligarate GovernOther of stocks, ment ob- tions bonds, States including ligations, and polit- notes, of deb- stocks direct ical sub- and Federal entures and guar- divisions Reserve anteed banks 114, 797 46, S91 37,687 637, 8] 2 326,400 364,277 225 856, 287 1, 527, 864 267 129 337 26 104 10 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 14 692 315 661 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 2,594 2, 267,227 3, 626, 248 433,089 135, 614 11, 361 231, 502 2, 248, 414 48, 647 2,905 873 7, 540,128 12,638,822 ._._ Currency and coin Balances InvestBank Real ments with other premand estate other banks, inassets ises owned cluding indirectly owned, reserve representfurni- other than balances ing bank ture bank and cash premises and premitems in or other fixises process of real estate tures collection 12,118 38,862 9,035 161, 269 2,600 1,096 25 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 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 CH Minnesota _ . 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 __ 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 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 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 2,684,476 421 356 505 356 457 499 558 518 979 979 1 30,483 223 349 14,318, 566 426, 222 14, 748 19,116 282 44 2 2,017 2,222 1 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 5 2 207 6,879 1,055 22 38,371 14, 311 566 337,195 272,766 420 169 771,972 285,830 82,609 274,145 81,370 283, 704 385 38 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 6 46,329 61,210 192,338 1,107, 681 180 238 93 195 378 305 43 851 30 742 15 162 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 Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi.Louisiana Texas Arkansas Kentucky Tennessee _._ _. Total Southern States 117,185 12,968 31,290 911,231 218,476 505,170 1, 796,320 Time deposits Bills payable, Acceptances by rediscounts executed or for acTotal deand other count of posits liabilities reporting for borrowed banks and money outstanding 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 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 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 12,923 3,891 2,841 109,976 46,023 22,458 869,031 61,620 175,243 23,490 31,980 17,050 306, 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 8 8 W 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 _- 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 3,667,072 1,394,362 3,204,671 2,448,082 1, 530, 557 832, 559 1, 606, 805 2, 514, 865 458 100 177 91 10 103 150 1,200 120 20 527 49 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 10, 889, 773 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 2, 271,. 992 386,685 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 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 14,030 Total United States (exclusive of possessions) __ 45,475, 532 16, 225,481 61, 701,013 19,373 65, 767 358, 721 1, 536, 220 2,020,083 814, 912 249,834 32, 970 33,343 29, 579 240,173 228, 273 1,859 80 735 665 761 610 6 150 5,172 400 7,237 4, 853 50 100 6,822 4,056 35 28 47 2,609 1,018 31 2 126 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 t"1 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 dito industrial rectly guar Other Loans 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 or carryfarm land residential bSecured y other ing stocks, (including properbonds and improve- properties (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) 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 Total 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 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 Virginia . West Virginia.. North Carolina South Carolina... Georgia . Florida Alabama Mississippi . Louisiana Texas Arkansas. _. Kentucky Tennessee Total Southern States _ 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 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 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 11,158 15,064 2,582 40,871 29, 520 1,731 742 1,365 115,439 70,621 85,362 289, 439 286, 654 235, 291 States and political subdivisions 716 10 10 291 2,635 236 898 26, 224 7,204 9,284 Government 40 331 88 224 Individuals, partnerships, and corporations Individuals, partnerships, and corporations 700 125 1,983 1,024 40,500 Certified and cashiers' checks, etc.i Common stock Preferred stock 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 1 35, 785 5,134 608,066 2, 672,675 3,690,953 1,312 394 2 2 196 220 2,700 21 3,137 5 107 14 1 37 26,874 20 5 200 4 664, 999 1,183, 535 15,686,183 22,470 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 1 6 5 14 3 5 234 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] S. GovLoans U. dis- ernment Num- and obligacounts, ber of tions, banks including direct and over guarandrafts teed Location Maine _. . New Hampshire Vermont ___ Massachusetts Rhode Island . . . Connecticut _ . __ Total New England States.,.. New York New Jersey Pennsylvania Delaware _ Maryland - Total Eastern States Ohio Indiana Wisconsin Minnesota _ _ .. Total Middle Western States. Washington Oregon . . . Total Pacific States Total United States 32 34 8 190 9 72 Obligations of States and political subdivisions 32,692 83,498 53,284 902,179 58,018 290,177 179,166 165,366 32,373 2,153,670 165,711 890,164 1,148 7,208 332 4,708 51 3,317 345 1,419, 848 3, 586,450 131 3, 070, 875 24 112, 972 7 76, 579 2 13, 092 9 33,188 6, 667,138 307, 287 691,397 20,630 337, 540 173 3,306, 706 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 Custombanks, inestate other ises assets ers' liacluding owned, owned indirectly on reserve other represent- bility furniaccept- Other balances 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 1 476 482 55 807 7,102 214 55 146,394 104,699 781, 581 92,884 10,603 3,612 631 10 7 14 247,821 46,531 13,293 160,711 662 468,356 449 29 192,702 13, 732 478 206,434 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 . . ._ ___ _ Ohio Indiana Wisconsin _ Minnesota ._. . Total Middle Western States Washington .. _ Oregon Total Pacific States Total United States . 505 369 - .__:._ . ..____. Time deposits 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 Bills payable, rediscounts, and other liabilities for borrowed money 50 Acceptances executed by or for account of reporting banks and outstanding Other liabilities 357 505 510 10,363 4 545 6,442 4,653 4,653 Surplus l 17,192 19,388 443 185, 976 20, 284 87, 940 Undivided profits 11, 728 10,098 1,603 174,186 1,244 58,832 Reserves and retirement account for capital notes and debentures 545 3,434 1,842 171 103 1,072 331, 223 257,691 7,167 767, 640 53,140 75, 209 2,060 19,214 241, 911 210 3,301 140 24, 640 35, 226 8,325 3,675 10, 258 75 917, 263 270, 202 57, 559 1,055 177 102 1,428 1,063 676 62 322 12,480 2,975 886 10,000 434,436 3,074 26,341 2,762 1,743 180,234 13,179 768 72 9,170 291 1,273 190 1,257 1,134 5,295, 280 5, 296,414 50 22, 722 2,993 6,280 338 9, 816,898 504,869 1, 039,611 83,190 393,975 113 1,558 9,813, 905 498, 589 1,039, 273 83,190 392, 417 23,123 1,689 8,880 12 1,551 11,169 11,827, 374 11,838, 543 113 737 3,765 1 229, 796 38, 938 12,242 148, 957 230, 533 42, 703 12,243 148, 957 2,690 4/503 429, 933 24 3 180,210 13,176 .: Capital notes and debentures 27 193,386 193,413 16, 833 17, 745, 973 17, 762,806 35, 255 300 300 840 163 61, 891 4,953 4 9,461 1,463 1,257 1, 284, 288 532,118 67, 726 s 3 3 H o o o W H O d * 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 T^aine New Hampshire Vermont Massachusetts Rhode Island C onnecticut Total New England States New York New Jersey P pnns vl vania Delaware Maryland 1 - . . -- .-- - Total Middle Western States Washington Oregon Loans Other to loans brokers to and dealers farmin ers securities 580 2,562 90 800 2,449 12 57 569 6,481 643 5 Other loans for the purpose of purchasing or carrying stocks, bonds, and other securities 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 50 405 283 642 517 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) - Total Eastern States Ohio Indiana Wisconsin Minnesota Loans to farmers directly guaranteed by the Commodity Credit Corporation 30,314 714 2,287 165 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 - - - _- - _- - __ _ --. Total Eastern States _-. - - Ohio Indiana Wisconsin Minnesota _ Total Middle Western States 3 Total United States 29 369 44 220 1 430 626 45 96 5,856 1,729 49 202 Banks in foreign countries Certified and cashiers' checks, etc.* 5 28 Indivuals, partnerships, and corporations 47 149 25 412 196 11, 826,741 58 50 1 392 169 66 229, 796 38,928 12, 240 148,957 109 392 _ _ 235 180,199 12,849 27 193,048 2,366 17, 743, 554 o o a o o 10 2 1 429,921 24 3 46 15 40 510 3,211 437 25 136 92 11 300 6 95 419 2,759 581 1,396 2,098 Banks in foreign countries 587 24 1 17 11, 225 Banks in United States 5, 293,844 1,997 46 States and political subdivisions 33 1,122 3,721 Postal savings Government 1,168 375 136 7,074 46 u. s. 231.003 273, 506 85,098 3,165, 706 262, 541 1, 275,990 9,813,823 498,139 1,039, 267 83,095 392, 417 Washington Oregon __ Total Pacific 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 1 25 2 10 5 11 322 5 223 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 . _ - New York Pennsylvania Total Eastern States South Carolina Georgia Texas - ._. Total Southern States Ohio . Indiana Michigan Iowa Total Middle Western States .._ -- - Total United States (exclusive of possessions) _ . _ Alaska Puerto Rico Total possessions Total United States and possessions Time deposits Total deposits Bills payable, rediscounts, and other liabilities for borrowed money Acceptances executed by or for account of reporting banks and outstanding g Other liabilities Capital stock Surplus Undivided profits Reserves 1,252 1,108 2,360 225, 714 9,098 2,986 13,846 228,700 22, 944 961 2 16,637 3,265 185 2,975 12, 642 1,910 43 3,137 161 234,812 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 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 dito rectly guar- Other Loans 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 Loans loans by resi(inpurchasing Secured individSecured 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 4,394 4,995 1,264 822 9 572 50 822 2,346 10,174 2,282 7,561 1,264 3,405 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 ._. New York Pennsylvania Total Eastern States S o u t h Carolina Georgia __, . __ Texas _ Total Southern States Ohio Indiana Michigan Iowa .__ __ Total Middle Western States Total United States (exclusive of possessions) Alaska Puerto Rico Total possessions Total United States and possessions. _ 1 U. S. Government States and political subdivisions Banks in United States Banks in foreign countries 1,238 Certified and cashiers' checks, etc.i Individuals, partnerships, and corporations U. S. Government States and political subdivisions Banks in United States 14 1,108 151,235 8,588 15 3 469 319 15, 424 50. 538 8, 033 188 2,441 13, 811 500 35 45 159, 823 18 788 15, 424 50, 538 8,221 16, 252 535 45 64 2,120 9,845 2 10 41 224 1 5 12 265 6 1 8,682 6,112 33,343 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). Postal savings 52 Banks in foreign countries S 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 New York New Jersey Pennsylvania Delaware Maryland District of Columbia 929,675 562,907 370,011 4, 798, 984 770,068 2,051,065 North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma Total Western States... $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 8.14 39,322,231 51,628,342 30,443,218 21,185,124 1, 582. 87 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 Demand 949.10 553. 57 377.62 486.67 371.08 254. 87 7,911,971 3,908,728 8,328,747 6,349,797 3,345,029 2,938, 827 2,640,887 3,898,245 — 4,337,299 Total 457.39 Total Southern States.. 38,865,143 Total Middle Western States.. $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 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 Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri Time Per capita 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 Total Eastern States... 32,616,993 Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas. Kentucky Tennessee Demand partnerships, 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 Names of officials Location Maine New Hampshire Vermont M assachusetts Rhode Island Connecticut . ... . . of State banking departments and number of each class of active banks in December 1947 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 Oo"mTmssior»PT of "Ranks Bank Commissioner do _ .___ Total New England States New York New Jersey Pennsylvania Delaware Maryland District of Columbia 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 Total Eastern States. _ Virginia West Virginia North Carolina South Carolina Georgia Florida.. Alabama Mississippi Louisiana Texas. Arkansas Kentucky Tennessee! 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 ... State commercial i Mutual savings Insured Insured Private NonNonNonMemNonMemmem- insured mem- insured bers 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 33 573 50 403 153 355 28 113 10 10 17 1 9 6 Noninsured 26 34 8 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 1,062 402 453 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 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 State Examiner Superintendent of Banks Director of Banking State Bank Commissioner Superintendent of Banks State Examiner State Bank Commissioner State Bank Examiner Bank Commissioner Walter A. Johnson A. A. Rogers Maurice C. Sparling E. F. Haworth J. M. Knapp Grant L. Robison D. O. Sa/unders 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 431 367 184 112 230 236 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 3,717 836 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 1,352 190 921 241 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 84 229 20 15 4 1 8 17 1 1 1 47 9,744 1,915 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. 1 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 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 S. GovOther Loans and U. ernment 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 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 15,803 15, 580 15, 341 15,146 15,017 14, 919 14,815 14, 661 14, 598 14, 587 14, 626 14, 755 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 8g 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 1936 1937 1938-. 1939 1940 1941 1942 1943 1944 1945 1946 1947.. DEC. 1936 19371938 1939. 1940 1941 19421943 1944 1945 1946 1947 5,374 5,299 5,248 5,209 5,170 5,136 5,107 5,066 5,042 5,021 5,018 5,018 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 Columbia2 nonnational banks 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 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 i 648,036 648,036 22,007,045 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 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 June 26,1939 400,000 Oct. Borrowed money (bills payable, rediscounts, etc.) at date of failure Deposits at date of failure Additional liabilities established to date of report $421, 461 $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 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. 5,373,687 « 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 174,342 $51,177 2,175,037 1424 2934 Dividends paid by receivers $22,969 2958 1715 Disposition of proceeds of liquidation On unsecured claims 37,657 24,288 Cash advanced in protection of assets allowed $302,292 $39,721 1,006,613 979,521 $3,073 20,083,506 12,425,449 64,350 3,616,096 47,222 147,498 163,017 1,727 3,567, 759 1,130, 524 1,737,128 660,807 14,888 1,387 15,186 2268 Secured and preferred liabilities paid except through dividends, in- 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) 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 Interest dividend (percent) 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 State Insured 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 of— $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 Investments._ _ _ Savings deposits Demand deposits Other assets Total . . . __ $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 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 $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 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 1 o TRUST LIABILITIES Private trusts _ Court trusts-- . Total . 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. a o o 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