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NINETY-SECOND ANNUAL REPORT
OF THE
Comptroller of the Currency
1954
WASHINGTON : 1955
TREASURY DEPARTMENT
Document No. 3196
Comptroller of the Currency
For sale by the Superintendent of Documents, U. S. Government Printing Office
Washington 25, D. C. - Price $1.75
LETTER OF TRANSMITTAL
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington, D. C, June 15, 1955.
SIRS: 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 1954.
Respectfully,
RAY M. GIDNEY,
Comptroller of the Currency.
THE PRESIDENT OF THE SENATE.
THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.
ANNUAL REPORT
OF THE
COMPTROLLER OF THE CURRENCY
A moderate contraction in business activity from the 1953 high
point was in progress at the opening of 1954. This movement had
its origin with the cutback in defense spending, the curtailment of
inventories, and the depressed condition of agriculture in some areas.
The downward trend came to a halt during the first quarter of 1954
and following a period of little change, in the fourth quarter activity
moved upward, and total production and employment improved,
stimulated by the automobile and related industries.
The affairs of the 4,796 national banks which comprise the national
banking system continue in excellent condition as reflected by the
general soundness of their managements, assets, capital strength,
earning capacity, and liquidity. At the close of 1954, the total
assets of national banks amounted to $116 billion, a gain of $6 billion
for the year. Their total deposits were $106 billion, an increase of
$5 billion during the year. Approximately 50 percent of the banking
resources and deposits in the commercial and savings banks of the
Nation were held by national banks. Exclusive of 528 State-chartered
mutual savings banks with total resources of $29 billion, the 9,064
State-chartered commercial banks and trust companies had total
assets of $87 billion, or about 43 percent of all commercial bank assets.
The total loans held by all national banks on December 31, 1954,
reached a new high of $40.4 billion through an increase of $2 billion
during the year. Investments in obligations of the United States
Government increased $4 billion to an aggregate in such investments
of $39.5 billion. Municipal, corporate, and special revenue bond
investments increased $785 million during the year to $9.2 billion.
The national banking system continued to maintain adequate
liquidity as evidenced by cash and balances due on demand from
correspondent banks in the amount of $25.7 billion and United States
Government obligations of $39.5 billion or an aggregate of $65.2
billion, which is equal to 82}£ percent of demand deposits and 61 }£
percent of total deposit liabilities at the close of 1954.
Consistent with the essential objective of the Comptroller of the
Currency that adequate capital structures be maintained in the
national bank system, 142 banks completed capital increase programs
in 1954 involving the sale of new shares which yielded $227 million
of additional funds to strengthen their capital structures. The
shareholders of national banks approved 323 dividends payable in
common stock having a total par value of $79.3 million during the
year. In the 9-year period commencing with the year 1946 and ending
with 1954, 1,329 national banks completed new capital sale programs
which supplemented their capital funds by $782 million.
On December 31, 1945, the national banking system had total resources of $90.5 billion, and total deposits of $85.2 billion which were
2
REPORT OF THE COMPTROLLER OF THE CURRENCY
protected by total capital structures and reserves of $4.7 billion.
Nine years later at the end of 1954, total resources were $116 billion,
total deposits $106 billion, and aggregate capital structures and reserves amounted to $8.7 billion. The increase in capital structures
and reserves of national banks amounting to $4 billion over the
9-year period was effected as follows:
[Figures in millions of dollars]
Eetained
earnings
Year
1946
1947
1948
1949
1950 .
1951
1952
1953
1954
_
.
.
. .
.
325
269
230
270
308
259
302
298
441
2,702
Net increase
in reserves
for bad
debts and
valuation
reserves
0)
0)
New
capital
sales
Total
121
80
88
94
38
33
107
51
19
28
19
111
153
93
81
227
376
288
379
369
507
506
433
412
775
561
782
4,045
1
Reserves for bad debts authorized late in 1947 and commenced generally in 1948. Valuation reserve
figures not available for these 2 years.
It is significant that the added capital protection provided by
national banks over the period set forth above increased 85 percent
while total resources and deposits increased 28 percent and 24 percent, respectively. While the character and composition of bank
assets underwent a marked change from a large concentration in
obligations of the United States Government amounting to 57 percent of total assets, and a moderate loan volume equal to 15 percent
of total assets, to the present percentages of 34 percent and 35 percent, respectively, and somewhat larger amounts are now invested in
municipal and corporate bonds, it is apparent that the managements
of a great majority of all national banks have recognized and forthrightly met the responsibility to maintain their banks on a properly
capitalized basis. This is further evidenced by the fact that the
national banking system's $8.7 billion of capital funds and reserves
is the equivalent of $1 of capital protection to cover the potential
risks involved in each $5.27 ($5.43 at the close of 1953) of loans,
municipal and corporate bonds, and other assets remaining after deducting from its $116 billion of total assets, $71 billion of cash or its
equivalent, United States Government obligations, and loans or portions of loans guaranteed or insured by Federal Government agencies.
Assets in the national banking system considered by national bank
examiners to contain substantial or unwarranted elements of risk
represent only a nominal amount in relation to the protection offered
by capital structures and reserves. The amount involved is substantially less than the total of reserves for bad debts.
In April 1954, the Internal Revenue Service issued supplemental
Mimeograph No. 54-55, applicable to taxable years after December
31, 1953, permitting the use of an alternative method for computing
the allowable reserve for bad debts that may be established and
maintained by transfers from gross earnings by banks employing the
REPORT OF THE COMPTROLLER OF THE CURRENCY
3
reserve for bad debts method of accounting. While the alternative
has been beneficial in many cases, it does not fully satisfy the needs
of the banking system to enlarge in a very moderate degree its capacity to assume greater risks, particularly those risks involved in loaning funds to smaller and less well-established business concerns.
The new alternative formula permits each bank to key its reserve for
bad debts to its own loss experience for any consecutive 20 years'
period following the year 1927, and this is an improvement over the
original formula based on a loss experience covering the most recent
consecutive 20 years. Both of the existing formulas, by reason of
their being tied into the loss experience of the individual bank, permit the largest reserves to be established by those banks which suffered the greatest loan losses in the past, usually 20 to 25 years ago.
Thus the bank that suffered the heaviest losses many years ago is, in
effect, rewarded today by being permitted to establish the largest
reserves for bad debts.
There is need for a bad-debt reserve formula, not related to the
loss history of the individual bank or groups of banks, but based upon
the sound premise that a normal proportion of loss must be expected
in the business of lending and such losses should be regarded as a
legitimate business expense against which a reasonable initially taxfree reserve should be established. A suitable and soundly based formula would permit banks to create and maintain reserves by transfers from gross earnings at a rate of ){ percent per annum until a
suitable ceiling is reached without reference or as an alternative to a
ceiling based on previous or current loss experience. To accomplish
this it is believed that legislative action would be necessary.
At the end of 1954, 2,594 national banks were maintaining reserves
for bad debts totaling $548 million. These banks held gross loans
aggregating $36.5 billion, or 90 percent of all of the loans of the 4,796
banks in the national banking system. The total of reserves for
bad debts amounted to 1.5 percent of the gross loans of the 2,594
banks maintaining such reserves.
The national banking system continues to meet its full share of
responsibility to care for the essential credit needs of the nation.
Gross loans and discounts in all national banks reached $40.4 billion
at the end of 1954, having fluctuated moderately from the close of
1953 through the third quarter of 1954, but the advance of $2.4'
billion in the last quarter was more than two and one-half times that
for the same period in 1953 and slightly above the expansion for the
fourth quarter of 1952. Modest fluctuations occurred in the volume
of commercial and industrial loans during 1954, the year-end level
standing at $16.5 billion, with the entire $2 billion expansion in gross
loans distributed throughout other major categories, the most significant gain, $1 billion, occurring in loans secured by real estate.
Loans to brokers and dealers in securities gained $312 million, or 30
percent, and amounted to $1,356 million at the year end.
Expansion of less than 2 percent occurred during the year in the
volume of installment credit, repair, modernization, other installment, and single-payment loans which reached a level of $8.2 billion
in the national banking system on December 31. Retail automobile
installment paper continued its decline begun in the fourth quarter
of 1953 and after inconsequential gains in the second and fourth
4
REPORT OF THE COMPTROLLER OF THE CURRENCY
quarters of 1954, the volume at the year end reached $2.4 billion.
The total of all installment credit in the Nation although fluctuating
within $1 billion during 1954, stood at $22.4 billion on December
31, of which $8.6 billion, or 38.4 percent, was held by commercial
banks as compared to 40 percent in 1953. The national banking
system alone held $5,781 million of strictly installment loans to
individuals which, after adjustment for nonconsumer-type obligations
and hypothecated deposits representing payments on such loans,
constituted 58 percent of all installment credit loans held by commercial banks.
The total national expenditure for all new construction, public
and private, rose from $35.3 billion in 1953 to $37 billion in 1954.
Residential building accounted for slightly more than half of the total.
Public construction costs in 1954 amounted to $11.5 billion. New
dwelling units started during 1954 numbered over 1.2 million, up
10 percent from 1953, second only to 1950, and 1.1 million units were
actually constructed in 1954, the sixth consecutive year in which
1 million or more homes were placed under construction. The
aggregate cost of new construction and modernization was $54
billion. These activities continued stimulation of a generally heavy
demand for real estate mortgage loans and the total real estate
debt passed $113 billion in 1954 for a gain of more than 12 percent
in 1 year.
In the national banking system, loans guaranteed by the Veterans'
Administration rose 10 percent over the prior year to a total of $2,125
million on December 31. This gain was exceeded by conventional
loans not insured or guaranteed by FHA or VA which increased
nearly 14 percent to a total of $3,085 million. Federal Housing
Administration loans gained $168 million to a total of $2.4 billion.
Total loans secured by residential properties totaled $7.6 billion at
the year end, an increase of $731 million, or 10.6 percent for 1954,
as compared to 6.37 percent for 1953. All loans secured by realty
advanced 11.6 percent to a total of $9.8 billion at the close of the year.
The gross investment of the national banking system in United
States Government obligations, direct and guaranteed, expanded $4
billion during 1954 to $39.5 billion. A trend toward slightly longer
maturities is reflected by the expansion of 136 percent or $8 billion
in the 5- to 10-year group to a total of $13.9 billion, a reduction of
$1.2 billion, or 8.2 percent, in bills, certificates of indebtedness, and
notes, to a total of $14 billion, and a contraction of $3.3 billion or
33 percent in bonds maturing in 5 years or less to a total of $6.9
billion. United States Government bonds maturing in 10 to 20 years
were up only $576 million at the end of 1954 to a total of $3.3 billion.
Obligations of States and political subdivisions held by the national
banking system continued to increase, and at the end of 1954 the
gross amount was $7 billion, up $1 billion, or 14 percent. Other
bonds, notes, and debentures held fairly close to $2 billion throughout
the year.
The volume of special revenue bonds issued during 1954 to finance
toll roads and bridges throughout the Nation rose sharply. In other
years the Comptroller of the Currency has been asked to rule upon
the eligibility of infrequent issues of this type for investment by
national banks. Eligibility of such issues is dependent upon their
REPORT OF THE COMPTROLLER OF THE CURRENCY
5
conformity with the provisions of the Investment Securities Regulation of the Comptroller of the Currency, promulgated pursuant to
United States Revised Statute 5136 (Title 12, U. S. C , sec. 24).
Even though national banks hold in their portfolios only small
amounts of toll road and bridge revenue obligations, most of which
have maturities up to 40 years, because of the heavy expansion in
this type of financing, in 1954 it became necessary for the Comptroller
to consider 14 separate issues that aggregated $2,375,800,000. It is
of interest to note that in January 1954, there were 720 miles of toll
roads operating and 600 more miles were opened during the year.
Another 1,400 miles of such roads are under construction or financed
by bond issues.
The credit worthiness of general obligations of States and municipalities, corporate issues, and special-revenue municipal authority
bonds held in national bank investment portfolios continues high.
The trend toward the combination of banks into larger units
continued in 1954; during the year, 121 national banks absorbed 58
national and 66 State banks, and 40 State banks absorbed 41 national
banks, by means of consolidation, merger, and purchase. The
following schedule contains pertinent details of these transactions:
Consolidations or mergers with and into national banks
[Dollar figures to nearest 100,000]
Number
Total
deposits
Total book
value
capital
structure
Absorbed national banks
30
437.4
35.8
Absorbed State banks
28
923.2
71.4
58
1, 360. 6
107.2
Continuing banks
Consolidated or merged into 29
national banks.
Consolidated or merged into 26
national banks.
Purchases by national banks
Absorbed national banks-.
Absorbed State banks
28
38
331.2
146.4
29.7
12.8
66
477.6
42.5
Purchased by 28 national banks.
Purchased by 38 national banks.
Consolidations, mergers, sales of national banks with and into or to State banks
[Dollar figures to nearest 100,000]
Number
Total
deposits
Total book
value
capital
structure
National banks absorbed
12
110.6
8.5
National banks absorbed
29
199.2
18.4
41
309.8
26.9
Continuing banks
Consolidated or merged with 11
Purchased by 29 State banks.
6
REPORT OF THE COMPTROLLER OF THE CURRENCY
Conversions
State banks converted into national banks.
National banks converted into
State banks.
11
146.4
10.9
2
14.1
.6
13
160.5
11.5
11 national banks.
2 State banks.
The shareholders of the 58 banks consolidated or merged with and
into 55 national banks received cash and book value stock of the
continuing banks aggregating $109,055,260, or $1,759,909 in excess of
the aggregate book value of the assets which those banks contributed
to the mergers or consolidations. This excess amounted, on the average, to approximately 0.14 percent of the aggregate deposits acquired
by the continuing banks. On a fair valuation basis, the shareholders
of the 58 absorbed banks contributed assets having an estimated value,
in excess of liability to creditors, of $112,300,020 and received cash
and fair value stock of the continuing banks aggregating $114,255,972,
or $2,955,952 in excess of the aggregate fair value of the assets which
those banks contributed to the mergers or consolidations. This difference is accounted for through fair value appraisals of fixed assets (bank
premises—furniture and fixtures), bond appreciation or depreciation,
allowances for pension fund adjustments, excess reserve for taxes, etc.
This excess amounted, on the average, to approximately 0.22 percent
of the aggregate deposits acquired by the continuing banks.
The shareholders of the 66 national and State banks that were
purchased by 66 national banks received $52,618,344 in
cash, or
$10,052,017 in excess of the book value of the selling banks7 aggregate
capital structures. This amounts, on an average, to 2.1 percent of
the selling banks' deposit liabilities. It should be noted that in such
transactions the payment frequently covers assets having value in
excess of book value, and the records of the Comptroller's office reveal
that the actual premiums paid amount to about $7% million, rather
than $10 million as noted above on a book value basis.
While the number of consolidations, mergers, and sales is relatively
small when compared to the total number of banks, these "mergers"—
to use the term most often applied to these transactions as a whole—
were a significant factor in banking during 1954, and have received
wide publicity. For these reasons the views and policies of the
Comptroller's office toward mergers are set forth here.
In dealing with mergers, consolidations, or purchases, we feel that
it is our duty under the law not to have a fixed policy, either in favor
or in opposition, since we believe that the law requires us to weigh
the merits of each individual case, after determining that it may legally
be effected, in deciding whether our approval should be given. The
one exception to this, of course, is the very rare class of cases (at least
in recent years) in which the consolidation of a very weak bank with
a stronger institution is necessary to protect the banking public. In
all other cases, it is our job to pass upon the proposals which are
brought to us by the management of the banks concerned. When our
approval is requested for a merger or consolidation, we consider
whether the proposal is fair and equitable to the stockholders of the
banks, whether the resulting institution will be capably managed,
soundly capitalized, and in a sound asset condition, and whether there
REPORT OF THE COMPTROLLER OF THE CURRENCY
7
is adequate reason of any kind as to why the merger or consolidation
should not be permitted. We could not properly carry out our responsibilities if we had a prejudice for or against mergers generally.
It should be noted that when national banks combine with other
national banks or with State banks, they do so pursuant to specific
statutory authority; in other words, Congress has specifically granted
to national banks the power to consolidate and merge with other
banks. The power to consolidate under national charter was first
granted by Congress in the act of November 7, 1918.
For many years after 1918, while national banks could consolidate
with other national banks, and with State banks under a national
charter, they could not consolidate directly with State banks under
State charters; it was necessary, if a national and State bank wished
to combine and operate under a State charter, for the national bank to
liquidate and dispose of its business to the State bank.
This situation was changed by the act of August 17, 1950, which is
sometimes called the "two-way street" law. Under the law permitting
consolidations under a national charter, the approval of the Comptroller of the Currency is required. Our approval, however, is not
required for consolidations or mergers into a State-chartered institution under the "two-way street" law. Since 31 States have passed
legislation providing for such consolidations, and permitting State
banks to consolidate with national banks under national charter
without the approval of any State official, it is now possible in those
States for a national bank to leave the national system by consolidation, merger, or conversion, without the approval of the Comptroller
of the Currency. The passage of this law permitted 43 consolidations
of national banks with State banks under State charter from the time
of its passage on August 17, 1950, until December 31, 1954. During
this same period there were 62 consolidations and mergers of State
banks with national banks under national charter.
Another recent addition to the national banking laws also broadened
to some extent the power of national banks to combine with other
banks. Section 1 of the act of July 14, 1952, provides for "mergers"
of national banks or State banks into national banks. This law was
designed for use in cases in which a large bank is absorbing a much
smaller bank, and the procedure prescribed differs from the procedures
followed in usual "consolidations" under the earlier law in that
dissenting shareholders of the "receiving association"—the large bank
which is absorbing the smaller one—do not have the right to receive
the value of their shares in cash. However, two-thirds vote of the
shareholders of each bank is required. There were 22 mergers under
the procedure prescribed in this law from its passage to December 31,
1954.
We mention all of these laws to give some indication of the legal
climate in which we in the Comptroller's office operate. On the one
hand we have, in the various consolidation and merger statutes, clear
indication that Congress believes that transactions in which banks
combine are, at least in some circumstances, necessary and warranted.
On the other hand, we are aware that a general policy of Congress
against mergers and consolidations which substantially lessen competi-
8
REPORT OF THE COMPTROLLER OF THE CURRENCY
tion or tend to create monopoly has been expressed in the Clayton Act.
And, perhaps most important, we must examine each proposal which
comes to us for approval in the light of what we consider to be our
primary duty—the duty to exercise those powers granted to the Comptroller in such a way as to promote a strong and sound banking system,
and one which will grow with American business and industry so that
it can provide the financial services necessary for the continued growth
of our economy.
We have no doubt that the mergers and consolidations which have
been approved by our office in recent years have been in strict compliance with the law, that they have not tended substantially to reduce
competition or to create monopoly, and that they have resulted in
individual banks and a banking system better able to serve the communities affected and the country as a whole. So far as it is possible
to generalize, we believe that the effect of the mergers upon which
we have had to pass has been to make for more rather than less
competition.
There have been some who have viewed with misgivings the substantial reduction in the number of individual banks in the United
States during the last 30 years, from 28,257 in 1925 to 14,388 as of
December 31, 1954. This reduction has resulted from conditions and
pressures both within the banking system itself and in the economy
as a whole.
The greatest reduction occurred, of course, between 1926 and 1939.
As we look back on those years now, we can see that a part of the
banking troubles which we experienced then were the result of an
"overbanked" situation in the country. There is little doubt that
there were just too many banks for the banking business and management talent available, and this condition resulted in large numbers of
bank failures even in times when the country was generally prosperous.
We are certain that none would care to return to a type of situation
in the banking industry which contributed to the problems with which
we were faced in 1930 to 1933.
The period between 1940 and 1949 saw 544 unit banks go out of
existence in consolidations, mergers, and sales involving national
banks. However, the total number of banks remained relatively
stable at'about 15,000. Beginning in 1950 the number of mergers
increased, and since that time 440 commercial banks have been
absorbed in transactions which involved national banks, plus a
number of State-chartered banks that were absorbed by other State
banks.
From January 1, 1950, to December 31, 1954, the Comptroller's
office approved the acquisition by national banks of 157 other national
banks and 177 State-chartered banks through consolidation, merger,
or sale, and saw 106 national banks absorbed by State-chartered
banks after approval by the governing State banking department.
The following table shows the number of banks which have been
absorbed since 1950, and their total resources:
REPORT OF THE COMPTROLLER OF THE CURRENCY
9
Data on consolidations, mergers, purchases and sales, and conversions—1950 to Dec.
SI, 1954
Number
of banks
50
15
92
157
59
10
108
177
42
64
106
Total
resources
Type
(Millions)
National banks consolidated with and into other national banks..- - _
National banks merged with other national banks
National banks purchased by other national banks _
. „
$799
155
958
Subtotal
_
State-chartered banks consolidated with and into national banks
State-chartered banks merged with national banks
State-chartered banks purchased by national banks
Subtotal
__ -_ __
1,419
161
562
- __-
National banks consolidated or merged with State-chartered banks
National banks purchased by State-chartered banks
-- _
Subtotal
-
-
1,912
2,142
1,175
602
- - _-_
1,777
State banks merged, consolidated, or purchased with or by other State-chartered
banks. (Data not available to Comptroller).
440
11
22
Totals for absorbed banks in transactions involving national banks
National banks converted into State-chartered banks _State-chartered banks converted into national banks
- _ -- _ .__ .
5,831
132
235
This is a fairly large number of banks, yet the 440 institutions which
have been absorbed represent only 3 percent of the total number of
banks operating today.
The reasons for this recent trend of mergers, consolidations, and
sales can be generalized to some extent, but it should be remembered
that particularly where very large banking institutions are the principals, it is sometimes not possible to apply general reasons to the
situation, and specific study is necessary. However, it might be
helpful to review generally some of the reasons for the desire of banks
to merge or consolidate, and to list some of the basic reasons why the
owners of many of the absorbed banks have been willing and even
eager to sell out, merge, or consolidate with other banks.
1. Top management problems have been among the most important
reasons. In many banks the advancing age of officers, and failure to
provide successor management, has resulted in mergers. In others,
the managing owners have wished to retire from the banking business.
2. Prices or terms have been offered which the shareholders have
found most attractive. These prices or terms have been equal to
book value of the assets, and in many cases have been on a fair-value
basis plus a premium. This has been a particularly strong factor
because the stocks of many banks have a limited market, and sell
at prices below book value. The yield from dividends has not been
very attractive, and this has adversely affected the market price of
the shares. This has been caused not so much by poor earnings as
by the need to augment capital structure from retained earnings.
3. Smaller banks have joined forces in order to provide more effective competition to nearby large institutions.
10
REPORT OF THE COMPTROLLER OF THE CURRENCY
4. The failure of some banks to compete on an aggressive and
progressive basis has caused their banks to be left behind by competitors from the standpoint of growth, earnings, and service to the
community.
5. The inability of some smaller banks to meet the borrowing needs
of the community, which are generally larger today than formerly,
has made them wish to become parts of larger organizations.
6. In many cases local business or industrial concerns which were
of major importance to a small-town bank have been sold to large
concerus which have their banking ties in big cities. In these cases
the small bank usually receives a smaller percentage of the banking
business of the concern, and sometimes finds it advantageous to
combine with a larger bank.
7. Fringe welfare benefits and increased compensation available
for officers and employees from the potential absorbing bank have
caused management to back many mergers.
It is also necessary to examine the motives of the continuing banks
in these transactions—the reasons why some banks have desired or
considered it necessary to consolidate or merge with, or purchase
other banks. To some extent these motives overlap with the reasons
given for the banks which are selling, or merging their businesses into
the continuing bank, but we believe that the most important reasons
of the purchasing or acquiring banks are these:
1. The need to obtain banking offices in adjoining areas in order to
obtain to a fuller extent the benefits of volume or retail banking; that
is, serving large numbers of individuals and small businesses whose
accounts and loans are relatively small.
2. The need or desire to obtain banking offices in areas where they
can serve to better advantage the business which they already have.
The postwar movement of population out of our large cities and the
decentralization of industry have been responsible for this.
3. The need for larger loaning limits, and more available deposits
to loan. This need has been caused by the general growth of industry
as a whole.
4. Keen competition with other banks, and the normal urge to excel
in expansion, growth, and earnings.
5. Desire for earnings. The above four factors are related to this
point.
It is not our belief that rising costs and inferior earnings are the
principal cause of the current trend of bank mergers, or that this has
been a major contributing factor. It is necessary to go back to the
1920's to find better earnings per thousand dollars of resources than
banks generally have enjoyed during recent years. We do not mean
to say that bank earnings are high—they are liot. But they have
been as good or better during the period since 1950 than at any time
since 1929.
In approving the consolidations in all cases in which the absorbing
bank was a national bank, we have carefully considered the application of the principles set forth in section 7 of the Clayton Act. We
believe it to be a result of the present healthy state of competition in
American banking that in no case have we felt that a transaction
formally before us for approval has required that we withhold our
approval because its effect might be substantially to lessen compe
REPORT OF THE COMPTROLLER OF THE CURRENCY
11
tition, or to tend to create a monopoly in banking in the competitive
area affected.
The number of operating banks in the United States on December
31, 1954, was 14,388, and the total number of banking offices, 20,916.
It is our belief, based on close observation and long acquaintance with
the activities of banks, that banking competition has become more
and more effective over the years in bringing about availability of
credit at suitable rates. This, it seems clear, is a most important
consideration in measuring the state of competition in banking. The
pertinent question which we must answer is whether a merger tends
to lessen the availability of credit to worthy seekers of credit. We
believe that the mergers which have occurred have not done so.
Furthermore, we must not lose sight of the fact that commercial
banks, such as the national banks which come within the jurisdiction
of the Comptroller's office, now have competition in a highly important degree from other financial institutions, particularly mutual savings banks, savings and loan associations, and life insurance companies. On December 31, 1954, the commercial banks of the country
had assets of $203 billion, 528 mutual savings banks had assets of
$29 billion, and 6,030 savings and loan associations had assets of
$31.7 billion. The assets of life insurance companies are, of course,
very, very large. The mutual savings banks, the savings and loan
associations, and the insurance companies are strong competitors in
the field of real estate lending and for the savings funds of our people.
The life insurance companies are also strong competitors for large
commercial loans, particularly those of longer term.
Taking all factors together, we believe the conclusion is unavoidable
that credit facilities are more readily available to borrowers, large or
small, than ever before. Competition between banking institutions
has increased rather than diminished in recent years, and has been
supplemented by increased activities of other lending agencies. It
continues to be active and effective.
Applications for permission to establish 383 de novo branches, and
149 branches growing out of the consolidation, merger, and sale of
banks with and to national banks were received by the Comptroller
in 1954. Preliminary approval was given to 396 of these applications,
95 were denied, 21 were withdrawn, and 20 were in process of investigation. Eliminating the withdrawn and in process of investigation
applications, 72 percent of the fully processed de novo branch applications received during 1954 were approved. The 149 branch applications growing out of consolidations, mergers, and sales of banks with
and to national banks were approved and represent a continuance of
the existing banking units absorbed in the respective transactions.
Branch applications preliminarily approved during 1954 and prior
years resulted in the establishment of 367 operating branch banking
offices during the year. On an average, there is a lapse of 6 months
between the time preliminary approval is given by the Comptroller
and the actual establishment of the branch as an operating unit.
These 367 branch offices include the continuance by absorbing national banks of 191 offices at the locations of previously existing
12
REPORT OF THE COMPTROLLER OF THE CURRENCY
national and State-chartered banking units (head offices and branches)
involved in consolidations, mergers, or purchases, and 176 de novo
branch offices established at locations where banking services were not
conveniently available, including 52 bankless communities, or to supplement banking services in areas where additional banking units were
considered to be warranted and necessary.
At the end of 1954, 507 national banks located in 35 States, the District of Columbia, Alaska, Hawaii, and the Virgin Islands were operating 2,929 branch banking offices. The States in which branch banking plays an important role are as follows:
State
Number
of national Number of
banks op- branches at
erating
end of 1954
branches
Arizona i
California i
Connecticut i__._
Idaho i
Maine i
Maryland 1
Massachusetts-..
Michigan
Nevada 1
New Jersey
New York
North Carolina 1
2
22
13
4
9
9
28
17
2
44
63
19
52
826
38
55
17
36
115
123
15
116
290
47
State
Number
of national Number of
banks op- branches at
erating
end of 1954
branches
Ohio
Oregon 1
Pennsylvania..
Rhode Island i.
South Carolina
Tennessee
Utah
Virginia
Washington l
TotaL
139
125
224
34
51
68
18
56
161
411
2,606
1 Statewide branch banking permitted.
The Comptroller of the Currency has pointed out on several occasions that his office does not have a bias in favor of or against branch
banking. In this field, it is the duty of the Comptroller's office to
operate in accordance with the wishes of the people of each State,
since Congress has made the powers of national banks to establish and
operate branches dependent upon the laws of each State. At the end
of 1954, 35 States permitted branch banking, 15 of them on a statewide
basis and 20 on a restricted or limited area basis. The remaining 13
States prohibit branch banking either through specific statutes or the
failure to enact enabling legislation.
States prohibiting branch banking, i. e., Colorado, Florida, Illinois,
Kansas, Minnesota, Missouri, Nebraska, New Hampshire, Oklahoma,
Texas, West Virginia, Wisconsin, and Wyoming, include several that
are densely populated, so it cannot be said that branch banking is a
concomitant of population density. Neither can it be said that it is
the result of any other unusual banking need in a specific State or
States. The residents and legislatures of certain States have considered
branch banking as a desirable development in banking, and those of
other States have taken an opposite view.
The two largest cities in the country, New York City with branch
banking and Chicago without it, provide an interesting contrast.
New York City (limited to the five boroughs) is served by 111 banks,
including 53 mutual savings banks, and 618 branches, or a total of
729 banking units and branch offices. Chicago is served by 74 unit
banks with no branch offices. Using 1950 census figures, New York
City has one banking office to serve each 10,825 of its population,
Chicago one banking office for each 48,931 of population. One obvious
REPORT OF THE COMPTROLLER OF THE CURRENCY
13
conclusion that may be drawn from this is that what is considered
desirable and necessary in the way of banking offices in one State is
looked upon differently in another State. It is believed that competition is just as keen for the available banking business in the city of
Chicago as it is in New York City. However, several basic differences
do exist. It would appear that more convenient banking services are
available to residents of New York City because of the larger number
of banking offices made possible by branches. The greater activity
in New York, and in other branch bank States, in consolidations,
mergers, and sales of banks is made practicable through the ability to
establish branches where offices of the absorbed banks were previously
located. Chicago has a large number of "currency exchanges" which
the general public relies upon rather heavily to cash checks against
payment of a fee fixed by the State. New York City, because of its
large number of banking offices, finds the existence of such currency
exchanges to be less necessary. Despite these interesting and possibly
not too important differences, the credit and general banking needs of
the two huge cities are believed to be adequately served.
Competition among and between banks has given rise to a greater
than normal number of branch applications prompted very heavily by
the competitive factor. Many of the 95 denied branch applications
come, at least in part, within the framework of this factor. Competition is necessary and has a rightful place in many and perhaps all
branch applications, but not to the point where it may lead to unsound
and unprofitable branch offices.
It is significant to note what has happened during the past 30 years
by comparing the number and type of banking units in States which
permit branch banking on a statewide or limited area basis with
banking units in those States which prohibit branch banking, and
relating this comparison to the number of people served per banking
unit.
States permitting Statewide branch banking
June 30,1924 Dec. 31,1934 Dec. 30, 1944 Dec. 31, 1954
Arizona:
N u m b e r of all b a n k s . _
.
_ ___ _
.
Number of branches
Total banking units.__ _
Number of all banking units in relation to
population
California:
Number of all banks
.
__ _
Number of branches
_.
Total banking units._ ._
. _ __ _
Number of all banking units in relation to
population
__ _
Connecticut:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
350642—55
63
20
17
18
12
28
13
80
83
35
40
93
1 per 4,000
1 per 12,400
1 per 12,500
1 per 8,100
675
538
283
804
206
830
1,088
1,213
1,087
1,036
1,259
1 per 2,800
1 per 5,200
1 per 6,700
1 per 8,400
222
200
10
197
16
177
107
222
210
213
284
1 per 6,200
1 per 7,700
1 per 8,000
1 per 7,100
171
14
REPORT OF THE COMPTROLLER OF THE CURRENCY
States permitting Statewide branch banking—Continued
June 30,1924 Dec. 31,1934
Delaware:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
_
__
Idaho:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Maine:
Number of all banks
Number of branches.
Total banking units
Number of all banking units in relation to
population
.
Maryland:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Nevada:
Number of all banks
Number of branches.
Total banking units
Number of all banking units in relation to
population
North Carolina:
NnTnber of all bfvnlcs
Number of branches
Total banking units
Number of all banking units in relation to
population
Oregon:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Rhode Island:
Number of all banks..
Number of branches
Total banking units
Number of all banking units in relation to
population
South Carolina:
Number of all banks
Number of branches
Total banking units...
Number of all banking units in relation to
population,.
Dec. 30,1944
Dec. 31,1954
61
18
49
13
42
13
36
34
79
62
55
70
1 per 2,800
1 per 3,800
1 per 4,800
1 per 4,500
177
63
26
46
40
38
64
177
89
86
102
1 per 2,400
1 per 5,000
1 per 6,100
1 per 5,800
150
47
104
58
97
63
93
89
197
162
160
182
1 per 3,900
1 per 4,900
1 per 5,300
1 per 5,000
250
88
201
91
184
96
160
169
338
292
280
329
1 per 4,300
1 per 5,600
1 per 6,500
1 per 7,100
34
10
5
9
14
8
22
34
15
23
30
1 per 2,300
1 per 6,100
1 per 4,800
1 per 5,300
618
66
216
68
227
139
224
302
684
284
366
526
1 per 3,700
1 per 11,200
1 per 9,800
1 per 7,700
277
1
106
30
71
69
48
137
278
136
140
185
1 per 2,800
1 per 7,000
1 per 7,800
1 per 8,200
45
21
35
35
35
45
18
77
66
70
80
95
1 per 9,200
1 per 9,800
1 per 8,900
1 per 8,300
411
20
136
20
146
24
151
73
431
156
170
224
1 per 3,900
1 per 11,100
1 per 11,200
1 per 9,500
REPORT OF THE COMPTROLLER OF THE CURRENCY
15
States permitting Statewide branch banking—Continued
J u n e 30,1924
Vermont:
Number of all banks
Number of branches
Total banking units
_ _ _ ...
_ _ .
Number of all banking units in relation to
population
Washington:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population _
Dec. 31, 1934 Dec. 30, 1944
Dec. 31,1954
105
98
12
80
18
72
22
105
110
98
94
1 per 3,400
1 per 3,300
1 per 3,700
1 per 4,000
381
7
204
31
128
94
111
183
388
235
222
294
1 per 3,500
1 per 6,700
1 per 7,800
1 per 8,100
States permitting limited area branch banking
June 30,1924
Dec. 31,1934
Dec. 30,1944
Dec. 31, 1954
362
19
222
16
217
20
234
33
381
238
237
267
1 per 6,200
1 per 11,100
1 per 12,000
1 per 11, 500
485
3
237
5
213
18
231
22
488
242
231
253
1 per 3,600
1 per 7,700
1 per 8,400
1 per 7, 500
656
53
327
27
293
25
386
50
709
354
318
436
1 per 4,100
1 per 8,200
1 per 9,800
1 per 7,900
1 108
8
548
39
499
72
478
150
1,116
587
571
628
1 per 2,600
1 per 5, 500
1 per 6,000
1 per 6,300
__
1,692
663
95
640
156
663
162
Total banking units
Number of all banking units in relation to
population
1,692
758
796
825
1 per 1,400
1 per 3,300
1 per 3,200
1 per 3,200
612
12
439
25
392
31
371
62
624
464
423
433
1 per 3,900
1 per 5,600
1 per 6,700
1 per 6,800
Alabama:
Number of all banks
Number of branchesTotal banking units
Number of all banking units in relation to
population..
Arkansas:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Georgia:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
_
[ndiana:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Iowa:
Number of all banks
Number of branches
Kentucky:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population...
_
16
REPORT OF THE COMPTROLLER OF THE CURRENCY
States permitting limited area branch banking—Continued
June 30, 1924
Louisiana:
Number of all banks
Number of branches
___
_.
Total banking units
Number of all banking units in relation to
population
Massachusetts:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Michigan:
Number of all banks
Number of branches
Total banking units
_
Number of all banking units in relation to
population
Mississippi:
Number of all banks
Number of branches
Total banking unitsNumber of all banking units in relation to
population
Montana:
Number of all banks
Number of branches
Total banking units
.__
Number of all banking units in relation to
population
New Jersey:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
New Mexico:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
New York:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
North Dakota:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Dec. 31,1934
Dec. 30,1944
251
93
149
53
149
54
172
100
344
202
203
272
1 per 5, 200
1 per 10,400
1 per 11,600
1 per 9,900
448
98
405
144
383
152
365
293
546
549
535
658
1 per 7,100
1 per 7, 700
1 per 8,100
1 per 7,100
770
332
486
134
428
176
429
336
1,102
620
604
765
1 per 3,300
1 per 7,800
1 per 8, 700
1 per 8,300
357
25
213
35
202
49
197
84
382
248
251
281
1 per 4, 700
1 per 8,100
1 per 8, 700
1 per 7,800
248
123
111
110
248
123
111
110
1 per 2,200
1 per 4,400
1 per 5,000
1 per 5,400
479
21
427
117
378
127
330
241
500
544
505
571
1 per 6,300
1 per 7,400
1 per 8, 200
1 per 8, 500
76
42
41
6
52
22
76
42
47
74
1 per 4,700
1 per 10,100
1 per 11,300
1 per 9, 200
1,120
362
922
661
828
704
689
1,074
1,482
1,583
1,532
1,763
1 per 7,000
1 per 8,000
1 per 8,800
1 per 8,400
687
206
153
25
154
23
687
206
178
177
1 per 900
1 per 3,300
1 per 3,600
1 per 3,500
Dec. 31,1954
REPORT OF THE COMPTROLLER OF THE CURRENCY
17
Slates permitting limited area branch banking—Continued
Ohio:
Number of all banks
Number of branches
Total banking units
- _ __ ._
Number of all banking units in relation to
population
__
Pennsylvania:
Number of all banks
Number of branches
-
Total banking units
Number of all banking units in relation to
population.South Dakota:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population.. _
Tennessee:
Number of all banks
_-__ _.
Number of branches - -
___
Total banking units—
Number of all banking units in relation to
population
Utah:
Number of all banks
Number of branches.
._
Total banking units
Number of all banking units in relation to
population.
Virginia:
N u m b e r of all banks
N u m b e r of branchesTotal banking units
__
N u m b e r of all b a n k i n ? units in relation to
population..
..
June 30,1924
Dec. 31,1934
Dec. 30, 1944
1,107
203
706
166
682
169
637
340
1,310
872
851
977
1 per 4,400
1 per 7,600
1 per 8,100
1 per 8,100
1,650
98
1,136
107
1,044
118
866
419
1,748
1,243
1,162
1,285
1 per 5,000
1 pel 7,700
1 per 8, 500
1 per 8,200
553
212
1
164
42
170
51
553
213
206
221
1 per 1,200
1 per 3,300
1 per 3,100
1 per 3,000
569
53
332
46
292
52
297
122
622
378
344
419
1 per 3,800
1 per 6,900
1 per 8, 500
1 per 7,900
116
58
10
57
13
54
33
116
68
70
87
1 per 3,900
1 per 7, 500
1 per 7,900
1 per 7,900
523
45
329
69
312
75
316
142
568
398
387
458
1 per 4,100
1 per 6,100
1 per 6,900
1 per 7,200
Dec. 31, 1954
States prohibiting branch banking
Colorado:
Number of all banks
Number of branches
.
- _ ___ .
Total banking units
Number of all banking units in relation to
population
Florida:
Number of all banks
Number of branches
__
Total banking units
N u m b e r of all banking units in relation to
population
June 30, 1924
Dec. 31, 1934
342
161
141
161
342
161
141
161
1 per 2,700
1 per 6,400
1 per 8,000
1 per 8,200
299
1
156
173
1
226
1
300
156
174
227
1 per 3,200
1 per 9,400
1 per 10,900
1 per 12,200
Dec. 30, 1944 Dec. 31, 1954
18
REPORT OF THE COMPTROLLER OF THE CURRENCY
States prohibiting branch banking—Continued
Illinois:
Number of all banks
Number of branches
-
Total banking units
Number of all banking units in relation to
population
_.
Kansas:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
populationMinnesota:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population..
Missouri:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Nebraska:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
New Hampshire:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
populationOklahoma:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
Texas:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
West Virginia:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
June 30,1924
Dec. 31,1934
Dec. 30,1944
1,906
882
833
910
1,906
882
833
910
1 per 3,400
1 per 8,600
1 per 9,500
1 per 9,600
1,293
743
619
602
1,293
743
619
602
1 per 1,400
1 per 2, 500
1 per 2,900
1 per 3,200
1,422
11
689
6
673
6
680
6
1,433
695
679
686
1 per 1,700
1 per 3,700
1 per 4,100
1 per 4,300
1,612
710
594
600
1,612
710
594
600
1 per 2,100
1 per 5,100
1 per 6,400
1 per 6,600
1,100
2
437
2
407
2
419
1,102
439
409
420
1 per 1.200
1 per 3,100
1 per 3,200
1 per 3,200
123
113
1
107
3
110
3
123
114
110
113
1 per 3,600
1 per 4,100
1 per 4,500
1 per 4, 700
808
412
382
384
808
412
382
384
1 per 2,500
1 per 5,800
1 per 6,100
1 per 5,800
1,533
947
834
921
1,533
947
834
921
1 per 3,000
1 per 6,200
1 per 7,700
1 per 8,400
350
182
178
183
350
182
178
183
1 per 4,200
1 per 9,500
1 per 10,700
1 per 11,000
Dec. 31,1954
REPORT OF THE COMPTROLLER OF THE CURRENCY
19
States prohibiting branch banking—Continued
June 30,1924 Dec. 31,1934 Dec. 30,1944 Dec. 31,1954
Wisconsin:
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population
___
Wyoming:
Number of all banks
Number of branches
- ...
Total banking units
Number of all banking units in relation to
population
993
9
624
94
559
141
558
150
1,002
718
700
708
1 per 2,600
1 per 4,100
1 per 4,500
1 per 4,900
116
60
56
53
116
60
56
53
1 per 1, 700
1 per 3,800
1 per 4,500
1 per 5,500
District of Columbia (districtwide branch banking 'permitted)
June 30,1924 Dec. 31,1934 Dec. 30,1944 Dec. 31, 1954
Number of all banks
Number of branches
Total banking units
Number of all banking units in relation to
population..
. __
46
19
22
30
21
30
17
49
65
52
51
66
1 per 6,700
1 per 9,400
1 per 13,000
1 per 12,200
Contrary to the popular belief that people residing in States where
branch banking is prohibited are served by fewer banking units, the
figures reveal they have proportionately more banking units to serve
their needs. At the end of 1934, 6,116 banks and 103 branches in the
13 States presently prohibiting branch banking served an average of
5,333 people per banking unit. A five-percent reduction in the number
of unit banks, exclusive of branches, occurred in these States during
the 20-year period through 1954, and the remaining 5,807 banks and
161 branches were serving 6,566 people per banking unit. The 14
States which permit statewide branch banking had 1,722 banks and
1,221 branches at the end of 1934, or one banking unit for each 6,591
people. At the end of 1954, these same States were served by 1,320
banks (a 23-percent reduction) and 2,447 branches (a 100-percent
increase), and the 3,767 total banking units were serving 7,676 people
per unit. The 21 States which permit limited area branch banking
had 8,182 banks and 1,750 branches at the end of 1934, or one banking
unit for each 7,020 people. At the end of 1954, these 21 States had
7,201 banks (a 12-percent decrease) and 3,759 branches (a 115-percent
increase), and the 10,960 banking units w^ere serving 7,463 people per
unit.
During the past 20 years, the 13 States prohibiting branch banking
have experienced a 5-percent shrinkage in the total number of unit
banks. The 14 States permitting statewide branch banking have
experienced a 28-percent increase in the total number of banking
offices during this period, and the 21 States permitting limited area
branch banking have experienced a 10-percent increase in the total
number of banking offices. Despite the increased number of banking
offices in the 35 Statesjpermitting branch banking, as compared to a
20
REPORT OF THE COMPTROLLER OF THE CURRENCY
decrease in the number of unit banks during the past 20 years in States
which prohibit branch banking, the latter continue to have more
banking offices per thousand of population than is the case in the
branch bank States. The principal answer rests in the fact that population growth has been more rapid in those States where branch banking is permitted.
It is clear in the figures set forth above that where branch banking
is permitted, particularly statewide branch banking, the number of
unit banks is decreasing, as a general rule, and the increased banking
needs of an expanding population are being met by the establishment
of branches. At the end of 1954, 6,206 branch offices were operating
in the 35 branch-bank States, as compared to 2,971 branch offices at the
end of 1934. The unit banks operating in these States decreased in
number from 9,904 to 8,521 during this same period. There was a
decrease in the number of unit banks in the 13 States prohibiting
branch banking during this 20-year period from 6,116 to 5,807, or 309
fewer banks (5 percent shrinkage). It would seem that the 1,383
fewer unit banks in the 35 branch-bank States cannot be attributed
solely to branch banking, but in all probability some 800 or 900 banks
that have gone out of existence would not have done so except for
branch banking. Moreover, the 3,235 additional branches established since the end of 1934 would have resulted in the organization of
a lesser number of unit banks if branch banking had been prohibited.
None of the remarks made herein should be construed as favoring
or opposing branch banking. They are strictly factual comments
designed to acquaint the Congress with the background, trend, and
present position of branch banking in the Nation's banking picture.
Many areas would be without banking services if it were not possible
to establish branches which are less costly to operate. Branch
banking is making inroads into the number of unit banks, but it
provides, in many instances, a ready market for the sale of banks that
would otherwise have a very limited market.
The pros and cons of branch banking are many, but the fact
remains that it is the privilege of the several States to decide whether
it should be permitted or prohibited.
The comparisons made in the above comments have been limited to
the period between 1934 and 1954. The country was overbanked in
1924, but much of this had been corrected by 1934. The 1924
statistics have been incorporated largely to show the position at that
time with the situation as it exists today.
The following sumary of the 176 de novo branch offices of national
banks that opened for business in 1954 is of interest, particularly
from the standpoint that it reveals 29 percent of the new banking
offices were created to serve formerly bankless communities:
Description:
Number
In cities with population less than 5,000 (includes 34 communities
that were bankless prior to the establishment of a branch)
48
In cities with population from 5,000 to 25,000 (includes 12 communities that were bankless prior to the establishment of a branch)
38
In suburban areas of large cities (includes 6 communities that were
bankless prior to the establishment of a branch)
15
In cities with population from 25,000 to 50,000
25
In cities with population of over 50,000
50
REPORT OF THE COMPTROLLER OF THE CURRENCY
Thirty-five firm applications to charter new national banks were
considered by the Comptroller's office during 1954. The applications
were received from groups of individuals residing in 19 different
States. After careful investigation and study, 20 of the applications
were approved and 15 denied. The most common reason for the
inability of the office to approve a larger percentage of the new charter
applications centered in an inadequate need of the community or
area for an additional bank |with resulting poor prospects for its
profitable operation.
The earnings of national banks were satisfactory for the year 1954.
The greater than normal net asset losses (after allowing for all bond
profits and recoveries) of $151 million suffered in 1953 were recouped
in 1954 to the extent of $149 million. Both figures were greatly
influenced by losses on securities sold (1953) and profits on securities
sold (1954).
Net earnings from operations, in relation to year-end total resources
and capital funds, were slightly less in 1954 than they were in 1953,
largely because of an increase in operating expenses accompanied by
a slight decrease in operating earnings. Nevertheless, operating
results were satisfactory, and when combined with net asset recoveries and bond profits, after allowing for all asset losses, the national
banking system was able to pay $300 million in cash dividends, or a
return of 3.70 percent on year-end total capital funds (3.88 percent
on average capital funds for the year), and retain $547 million to
augment capital funds and reserves.
The schedule set forth below incorporates full details on this subject,
plus a comparison with earnings for the year 1928, which is of interest
in relation to current-day earnings results. (An additional detailed
commentary on 1954 earnings appears elsewhere in this report.)
Earnings, expenses, etc., of national banks for the years ended Dec. 31, 1928, 1950,
1953, and 1954
["Indicates amounts in millions of dollars]
1928
1953
1954
30,259
110,117
97,240
116,151
*Total assets at close of year
3,684
6,329
7,410
8,104
*Total capital accounts at close of year
1,351
2,193
3,068
3,226
* Gross earnings
$4.47
$2. 79
$2.78
Per $100 of assets
$36. 69
$34. 65
$41. 41
$39.81
Per $100 of capital funds
1,337
988
1,845
1,996
*Gross expenses$3.27
$1.38
$1.68
$1.72
Per $100 of assets
$26. 83
$21.13
$24. 90
$24. 63
Per $100 of capital funds
363
856
1,223
1,230
*Net earnings from operations
$1.20
$.88
$1.11
$1.06
Per $100 of assets
$9.86
$13.
52
$16.
51
$15.18
Per $100 of capital funds
-72
+26
-151
+149
*Net asset losses or recoveries (including bond profits, etc.) 1
-$.24
+$.03
-$.14
+$.13
Per $100 of assets
+$•41 -$2. 05
+$1.84
Per $100 of capital funds
256
466
532
*Taxes (income)
$.26
$.42
$.46
Per $100 of assets
$4.04
$6.28
$6.56
Per $100 of capital funds
291
626
847
*Net profits before dividends.-.
606
$.96
$.73
$.65
$.55
Per $100 of assets
$7.90
$9.89
$8.18
$10.46
Per $100 of capital funds
195
275
300
* Cash dividends
230
$.64
$.24
$.25
$'.26
Per $100 of assets
$5.30
$3.63
Per $100 of capital funds
$3.71
$3.70
96
3 396
3 331
3 547
•Retained earnings—_
$.32
$.41
$.47
$.30
Per $100 of assets
$2.60
$6. 26
$4.47
Per $100 of capital funds
$6. 76
1
Exclusive of transfers to and from reserve for bad debts and other valuation reserves on loans and securities but including net losses charged to these reserves.
23 Total taxes included with gross expenses. Income taxes not called for separately.
Includes funds transferred to reserve for bad debts and valuation reserves less the amount of assets
charged off against such reserve accounts. Includes $88 million in 1950, $33 million in 1953, and $106 million
in 1954 transferred to effect a net increase in reserves for bad debts and valuation reserves. (Taxes would
have absorbed a fair portion of these amounts had the transfers not been made.)
22
REPORT OF THE COMPTROLLER OF THE CURRENCY
Legislation Proposed
In the 1953 Annual Report of the Comptroller of the Currency it
was stated that the Comptroller had under consideration a legislative
proposal that would provide elasticity to the requirement of the
present law that all national banks be examined twice in each calendar
year by permitting the Comptroller, in his discretion, to waive one
such examination in justified cases. The legislation would provide,
however, that examination of a particular bank may not be waived
more frequently than once during each 2-year period beginning January 1, 1955. This legislation would also permit the Comptroller to
assess the expenses of examinations upon the banks in proportion to
their assets and resources upon any date or dates selected by him,
rather than on the dates of examination, and would provide that the
annual rate of assessment shall be the same for all banks examined
not more than twice in 1 calendar year. Banks examined more
frequently than twice will be assessed in addition the costs of the
additional examinations. This legislation has now been drafted and
transmitted to Congress with a recommendation that it be enacted.
In the 1953 Annual Report of the Comptroller of the Currency it
was stated that proposed legislation had been drafted which would
amend section 24 of the Federal Reserve Act (1) by permitting national banks to make amortized mortgage loans having a maturity
of longer than 10 years but not in excess of 20 years, provided the
terms are such that the installment payments are sufficient to amortize
100 percent of the principal of the loan within a term of 20 years, and
(2) by extending the maximum duration of residential and farm construction loans which are not to be regarded as real estate loans
from 6 to 9 months. This proposed legislation, which was recommended by the President of the United States in his Economic Report
of January 1955 (p. 60), has now been transmitted to Congress with
a recommendation that it be enacted.
In the 1952 and 1953 Annual Reports of the Comptroller of the
Currency it was stated that there had been transmitted to Congress
proposed legislation that would amend section 5221 of the Revised
Statutes by eliminating the requirement that national banks going
into voluntary liquidation be required to publish notice of this fact
in a newspaper published in the city of New York. This legislation
has again been transmitted to Congress with a recommendation that
it be enacted.
Under present law three-fourths of the directors of a national bank
must reside in the State in which the bank is located or within 50
miles of the location of the bank. In the light of modern transportation this 50-mile limitation is unduly restrictive. Hence legislation
which would change the 50-mile limitation to a 100-mile limitation
has been drafted and transmitted to Congress with a recommendation
that it be enacted.
There has been introduced in Congress legislation which would
eliminate mandatory cumulative voting in the election of directors of
national banks. This legislation would, however, permit cumulative
voting if provided for in a bank's articles of association. The experience of the Comptroller's office has been that cumulative voting when
resorted to in national banks, is used primarily for the purpose of
BEPORT OF THE COMPTROLLER OF THE CURRENCY
23
placing on a particular board a director who is not congenial with the
remaining directors, thereby causing disharmony in the bank. The
Comptroller is in favor of the proposed legislation.
There has come to light recently a competitive advantage given to
State banks over national banks in the State of Massachusetts by
certain provisions of the Massachusetts tax laws. That State taxes
interest received by depositors on savings deposits in national banks,
but exempts from taxation interest received by depositors on their
deposits in State savings or commercial banks. In addition, State
savings banks which are taxed on their deposits may deduct from the
gross amounts of their deposits subject to taxation the amounts invested by them in stock of State commercial banks, but they may not
deduct the amounts invested by them in the stock of national banks.
These provisions of the State tax laws operate to the detriment of
the national banking system in the State of Massachusetts. Consideration is being given to appropriate steps which might be taken
to correct this situation.
Legislation Enacted
Public Law 460 of the 83d Congress, approved June 30, 1954,
eliminated the conflict between sections 23A and 24A of the Federal
Reserve Act as to the permissive investment by national banks in the
stock of corporations engaged in holding bank premises, by making
section 23A completely inapplicable to corporations engaged solely in
owning and operating the building or buildings in which are housed
the offices of the bank. Consequently, national banks may now own
their banking premises either through a direct investment in such
premises, or by investing in the stock of a corporation engaged solely
in owning and operating the bank premises.
Public Law 520 of the 83d Congress, approved July 22, 1954,
amended section 24 of the Federal Reserve Act dealing with real
estate loans which may be made by national banks, by excepting from
the restrictions or limitations of that section loans in which the Small
Business Administration cooperates or purchases a participation under
the Small Business Act of 1953. This legislation was recommended
by the Comptroller at the request of the Small Business Administration.
Public Law 560 of the 83d Congress, approved August 2, 1954, the
"Housing Act of 1954," created a Federal National Mortgage Association, directed the Association to require each mortgage seller to make
certain nonrefundable capital contributions to the Associations,
authorized national banks to make such nonrefundable capital contributions, to receive stock of the Association evidencing such capital
contributions and to hold or dispose of such stock, and to deal in,
underwrite, and purchase for its own account, obligations of the
Association.
Public Law 576 of the 83d Congress, approved August 10, 1954,
amended the District of Columbia Credit Unions Act by transferring
supervision of the 16 District-chartered credit unions from the
Comptroller of the Currency to the Director of the Bureau of Federal
Credit Unions. This legislation was recommended by the Comptroller.
24
REPORT OF THE COMPTROLLER OF THE CURRENCY
Public Law 597 of the 83d Congress, approved August 17, 1954,
amended the Act of August 28, 1937, by adding provisions which
authorized the Secretary of Agriculture to establish a program of
insuring loans made for the purpose of financing soil and water conservation improvements and practices. This legislation amended
section 24 of the Federal Reserve Act dealing with real estate loans
which may be made by national banks, by making certain limitations
and restrictions contained in that section inapplicable to such insured
loans.
Public Law 630 of the 83d Congress, approved August 23, 1954,
authorized the Central Bank for Cooperatives and the regional banks
for cooperatives to issue consolidated debentures and authorized
national banks to deal in and underwrite such of these consolidated
debentures as are eligible for purchase by national banks, in amounts
up to 10 percent of their captial stock and surplus.
Bank Holding Company Legislation
Each of the past several Congresses has had before it legislation
designed to further regulate and control bank holding companies.
During the year 1954, the Senate Committee on Banking and Currency
concluded hearings begun in 1953 on S. 76 and S. 1118, both on this
subject. However, no action was taken by the committee with respect
to the proposed legislation.
The Comptroller of the Currency continues to favor bank holding
company legislation which would provide Federal supervisory control
over expansion through the acquisition of banks and bank stocks and
restraints on engaging in businesses other than banking. In the
opinion of the Comptroller, such legislation should be reasonable and
should place no arbitrary limitations on expansion within the banking
field, but should leave the extent of permissible expansion to the
discretion of the administering supervisory agency, which will be able
to act in the light of conditions as they exist at the time action is
requested. There should be no attempt to base restrictions on expansion on the laws of the various States dealing with branch banking,
and there should be no geographical limitations written into the law.
The legislation should be administered by a single supervisory
agency, and there should be no veto power on its decisions in other
agencies or in the State banking authorities. The legislation should
specify, however, that the other Federal supervisory agencies and the
appropriate State banking authorities should be given an opportunity
to comment upon applications affecting banks within their respective
jurisdictions, and that their opinions should be considered by the
agency making the final decision.
Litigation
During the year 1954 the Comptroller became involved in three
cases of litigation. In the first of these the Delaware County National Bank of Chester, Pa., filed suit in the United States District
Court for the Eastern District of Pennsylvania against the Comp-
REPORT OF THE COMPTROLLER OF THE CURRENCY
25
troller of the Currency alleging that his action in approving the establishment and operation of a branch in Chester by the Philadelphia
National Bank had been unlawful. Subsequent to the filing of this
suit, a similar suit brought by the Delaware County National Bank
against the State banking officials who had approved the establishment
and operation of a branch in Chester by a State-chartered trust
company located in Philadelphia, was decided adversely to the contentions of the plaintiff. Following this decision, and because of the
fact that substantially the same issue of law was involved in each of
the two cases, the plaintiff voluntarily dismissed its action against
the Comptroller.
The second suit was one brought by the Michigan National Bank
of Lansing, Mich., against the Comptroller of the Currency seeking
a declaratory judgment that the Comptroller is not precluded by
Michigan law from approving the establishment by the bank of an
additional branch in Saginaw, Mich., where it already has one branch.
The Comptroller had declined to approve the branch on the grounds
that under the applicable statutes the branch cannot legally be
established. The Comptroller's decision in this matter was in accord
with opinions rendered on the legal questions involved by the Attorney
General of the State of Michigan, by counsel for the Comptroller's
office, and the General Counsel of the Treasury Department. This
litigation is now pending before the United States District Court
for the District of Columbia.
The third case of litigation in which the Comptroller became involved during 1954 was a suit between the First National Bank of
Auburn, Ala., and the United States Fidelity & Guaranty Co. The
reports of examination made by the Comptroller's examiners and
furnished to the bank for the use of its directors, together with all
correspondence between the Comptroller's office and the bank over
a period of years, were subpoenaed. The Comptroller has always maintained the position that these documents are confidential papers of
the Treasury Department and that they are privileged against disclosure. Accordingly, an assertion of interest and claim of privilege
was filed in this litigation on behalf of the Comptroller by A. N.
Overby, Acting Secretary of the Treasury. This matter was heard
before the United States District Court for the Middle District of
Alabama and the assertion of interest and claim of privilege was
denied. The Treasury Department, acting through the Department
of Justice, appealed this decision to the United States Court of Appeals
for the Fifth Circuit, and the case is now pending before that court.
A comparison of the assets and liabilities of the banks in the national banking system as of December 31, 1953, April 15, June 30,
October 7, and December 31, 1954, reported pursuant to calls for
condition statements by the Comptroller of the Currency, is shown in
the following table.
Assets and liabilities of national banks on dates indicated
[In thousands of dollars]
June 30,1954
(4,842 banks)
Oct. 7, 1954
(4,827 banks)
Dec. 31,1954
(4,796 banks)
Dec. 31, 1953
(4,864 banks)
Apr. 15, 1954
(4,848 banks)
37,944,146
35,563,334
25,429
6,330, 265
2,086,723
204,482
37,703.648
34,560,499
26,997
6,783,450
1,936,535
209,664
37,782,386
35,835,931
26,424
6,954,581
1,905,204
210,936
37,446,012
39,910,958
3,836
7,339,866
1,925,840
215,636
39,827,678
39,500,738
6,261
7,246,304
1,956,124
222,831
82,154,879
81,220,798
82,715,462
86,842,148
88,769,936
j*j
26,545,518
807,527
30,811
51,650
191,856
216,485
118,473
24,203,082
838,088
18,213
51,117
195, 612
217,938
154,054
24,699,908"
847,463
18, 565
52, 610
175,054
253,115
151,438
23,376,491
868,437
16,775
54,190
186,143
249,320
166,306
25,721,897
904,037
16,607
56,009
291,881
227,699
172,503
2
5
g
2
2
g
110,116,699
106,898,897
108,913,615
111,759,810
116,150,569
£3
56,614,391
22,863, Oil
2,830,669
6,793,634
10,155,942
1,689,586
53,886,291
23,424,828
2,480,414
6,917,357
9,143,411
1,477,337
53, 784,450
23,978,113
3,627,105
7,063,425
9,752,516
1,439,122
55,144,436
24,418,920
4,388,001
6,480,477
10,127,696
1,320,499
59,005,232
24,676,853
2,837,034
7,174,667
10,717,647
1,734,380
g
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 stocks of Federal Reserve banks
_
..
Total loans and 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
_
_
.
Income accrued but not yet collected.
_
Other assets._
_
Total assets
.
g
^
Q
2
^
^
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government and postal savings
Deposits of States and political subdivisions
...
Deposits of banks
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 outstanding
_
Income collected but not yet earned
Expenses accrued and unpaid..
__
_.
Other liabilities
Total liabilities- -
-
_
_
_
O
Hrj
h3
hj
13
100,947,233
97,329,638
99,644,731
101,880,029
106,145,813
0
76,189,784
24,757,449
71,639,048
25,690,590
73,280,891
26,864,340
74,996,083
26,888,996
79,016,805
27,129,508
S
£3
14,851
190
203,910
320,592
491,117
729,290
319,466
341
205,972
319,647
489,048
614,645
28,751
434
182,799
310,814
407,537
633,649
233,478
572
191,965
322,447
560,738
658,250
11,098
§
563
305,950
323,979
571,189
687,735
0
J
102,707,183
99,278,757
101, 208,715
103,847,479
108,046,327
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
_
2,301,757
3,523,443
1,310,761
273,555
__.
_
2,352,681
3,608, 648
1,385,346
273,465
2,371,078
3,645, 330
1,404,866
283,626
2,394,486
3,690,908
1,540, 254
286,683
2,485,844
3,950,552
1,377,282
290,564
7,409,516
7,620,140
7,704,900
7,912,331
8,104,242
110,116,699
106,898,897
108,913, 615
111, 759, 810
116,150,569
4,892
319
2, 296,546
4,641
312
2,347,728
4,481
312
2,366, 285
4,294
308
2,389,884
4,181
208
2,481,455
2,301,757
2,352,681
2,371,078
2,394,486
2,485,844
7,924
344
7,459
337
7,063
337
6,776
333
6,631
233
a
8,268
7,796
7,400
7,109
6,864
i
12, 901,734
13,006,575
13,701,520
15,011,083
14,090,744
3
MEMORANDA
Par value of capital stock:
Class A preferred stock
Class B preferred stock.
Common stock
_
Total
Hetirable 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
rftdiscounted and securities sold with agreement to repurchase)
.
.
-
S
to
28
REPORT OF THE
COMPTROLLER
OF THE
CURRENCY
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 aggregate of assets and liabilities.
Distribution of assets and liabilities of national banks, Dec. 81, 1951-54
1951
1952
1953
1954
ASSETS
Percent Percent Percent Percent
34.22 33.24
32.32
34.01
5.19
5.53
5.75
6 24
.15
.15
.16
.17
2.34
2.04
1.92
1.71
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 owned
All other assets
._
Total assets
41.90
40.96
40.15
42.13
31.56
12.84
12.48
.66
.02
.54
33.41
12.43
11.98
.69
.02
.51
34.46
12.18
11.92
.73
.03
.53
34.29
11.43
10.72
.78
.01
.64
100. 00 100. 00
100. 00
100. 00
51.41
20.76
2.56
6.17
9.22
1.55
50. 80
21. 25
2 43
6.18
9 23
1.50
LIABILITIES
Deposits:
Demand of individuals, partnerships, and corporations ,_
Time of individuals, partnerships, and corporations.
U. S Government
States and political subdivisions .
Banks
Other deposits (including postal savings)
Total deposits
Demand deposits
Time deposits
Other liabilities
Capital funds:
Capital stock
Surplus
Undivided profits and reserves.
Total capital funds
Total liabilities and capital funds
_ __
_ __
_
53.39
19.30
2.18
5.77
9.53
1.75
52.42
19.90
2.99
5.80
9.17
1.51
91.92
91.79
91.67
91.39
71.21
20.71
1.59
70.41
21.38
1.68
69.19
22.48
1.60
68.03
23.36
1.63
2.05
3.00
1.44
2.06
3.08
1.39
2.09
3.20
1.44
2.14
3.40
1.44
6.49
6.53
6.73
6.98
100. 00 100.00
100. 00
100.00
FIDUCIARY ACTIVITIES OF NATIONAL BANKS
As of December 31, 1954, there were 1,759 national banks which
had been authorized by the Board of Governors of the Federal Reserve System to administer fiduciary accounts, either full or limited.
Under these authorizations there were also 67 trust departments in
branches of national banks. There were 256 banks not acting under
any of their granted fiduciary powers. During the year ended
December 31, 1954, there were 1,480 head office trust department
examinations conducted and 62 branch examinations, making a total
of 1,542 examinations of trust departments in national banks.
Trust department assets totaled $47,939,000,000 as of December 31,
1954, compared to $43,150,000,000 as of December 31, 1953, and to
$3,297,300,000 as of October 3, 1928. While carrying values for
trust department assets have not been standardized throughout the
country, there have been relatively few changes of system within
individual organizations. Because of the relatively few changes of
REPORT OF THE COMPTROLLER OF THE CURRENCY
29
system, these figures are comparable although they do not reflect
total current market values. Fiduciary accounting does not permit
the maintenance or tabulation of statistics based upon current market
values. The total trust department assets included $30,738,000,000
in agency, escrow, and custodianship accounts held in trust departments of national banks but involving no discretionary supervision.
Outstanding bond and debenture issues for which national banks
were acting as trustee totaled $19,486,000,000 in 8,011 accounts as
of December 31, 1954. There were $17,626,000,000 outstanding as
of December 31, 1953, compared to $9,036,000,000 as of December
31, 1942. National banks were also acting as registrar for 3,773
accounts, and as transfer agent for 3,508 accounts.
Use of fiduciary facilities of national banks by individuals has
shown a substantial growth. As of October 3, 1928, a tabulation of
reports reflected 53,853 individual fiduciary accounts being administered by national banks. As of December 31, 1954, a total of 289,189
private, court and agency accounts were being administered, compared to 271,704 under administration as of December 31, 1953.
Under authority of Regulation F issued by the Board of Governors
of the Federal Reserve System governing the fiduciary activities of
national banks, there were 88 common trust funds in operation in 78
national banks. These common trust funds have been established to
make collective investments of trust funds primarily in the smaller
fiduciary accounts, thereby resulting in wider diversification of investment and less risk of loss to the individual accounts. The common
trust funds in national banks aggregated $277,000,000 as of December
31, 1954, compared to $214,000,000 as of December 31, 1953.
A tabulation of the statements of the larger trust departments in
national banks having in excess of $70,000,000 total fiduciary assets at
carrying values reflects an aggregate of $40,746,000,000 total assets in
71 banks. In other words, 4.7 percent of the 1,503 national banks
exercising fiduciary powers were administering 85 percent of the
fiduciary business of all national banks. There were many national
banks administering fiduciary accounts aggregating less than $1,000,000
at carrying values, and in nearly every one of these banks the carrying
values represented approximately the value at time of acquisition.
Many firms and corporations are establishing pension or profit
sharing plans for their employees, and in many cases a trust under such
plans is established with a national ba,nk as trustee. Similarly, many
national banks place their own pension and profit sharing trusts in
their own trust departments. In the great majority of cases the funds
of these trusts are invested in accordance with well recognized sound
principles of trust investment, but a very few instances have been
found in which the trust funds appear to be invested in a manner more
in the interest of the business of the bank rather than in the interest of
the employees as beneficiaries of the trusts. The use of trust funds for
the purchase of banking property or equipment to be leased back to the
bank, and the purchase of a substantial amount of shares possibly
representing control of banks other than the trustee, are practices
which have been noted in a few instances. If such practices should
increase to any extent it may be necessary to seek preventative
legislation.
350642—55
3
30
REPORT OF THE COMPTROLLER OF THE CURRENCY
Practically all national banks which have been granted fiduciary
powers by the Board of Governors of the Federal Reserve System are
endeavoring to supervise and administer their trust departments in full
accordance with the provisions of law and sound fiduciary practice.
The interests of the various beneficiaries are given prime consideration
and the losses in national banks due to faulty administration of
fiduciary accounts continues to be almost negligible.
EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR
YEAR ENDED DECEMBER 31, 1954
The net profits of national banks before dividends for the calendar
year 1954 were $741,000,000, which amounted to 9.58 percent of
average capital funds. Net profits for the previous year were $573,000,000, or 7.92 percent of average capital funds. Cash dividends
declared on common and preferred stock in 1954 totaled $300,000,000
in comparison with $275,000,000 in the previous year. The rate was
3.88 percent of average capital funds. These dividends were 40 percent of net profits available for the year. The remaining 60 percent of
net profits, or $441,000,000 was retained by the banks in their capital
funds.
Net earnings from operations for the calendar year 1954 of $1,230,000,000 showed an increase of $7,000,000 over the year 1953. Recoveries and profits on securities sold or redeemed, net of all losses,
amounted to $205,000,000 (including $919,000 of recoveries and profits
credited directly to valuation reserves and $8,000,000 of losses charged
directly to such reserves) as compared to a net loss of $87,000,000 on
securities sold or redeemed during the year 1953. Losses on loans and
other assets, net of all recoveries, amounted to $56,000,000 (including
recoveries of $27,000,000 credited directly to valuation reserves and
losses of $54,000,000 charged directly to such reserves) as compared to
net losses on such assets of $64,000,000 in. 1953. Reserves for bad
debts and valuation reserves amounting to $792,000,000 showed a net
increase of $106,000,000 during 1954 as compared to a net increase of
$33,000,000 during 1953.
Gross earnings were $3,226,000,000, an increase of $158,000,000 over
1953, and operating expenses, excluding taxes on net income, amounting to $1,996,000,000 were up $152,000,000 over 1953. Taxes on net
income of $532,000,000 were $66,000,000 more than in the previous
year. Principal items of operating earnings in 1954 were $1,802,000,000 from interest and discount on loans, an increase of $50,000,000 over
1953, and $734,000,000 from interest on United States Government
obligations, an increase of $39,000,000. Other principal operating
earnings were $189,000,000 from interest and dividends on securities
other than United States Government, and $175,000,000 from service
charges on deposit accounts. Principal operating expenses were
$972,000,000 for salaries and wages of officers and employees and fees
paid to directors, an increase of $62,000,000, and $344,000,000 expended for interest on time deposits, an increase of $45,000,000.
Interest and discount on loans accounted for 56 percent of the
banks7 earnings, varying from 49 percent in the 7th Federal Reserve
District to 60 percent in the 11th and 12th districts. Interest and
dividends on securities represented 29 percent of gross earnings for
REPORT OF THE COMPTROLLER OF THE CURRENCY
31
the year, with the banks in the 12th district showing the lowest ratio
of 23 percent, while banks in the 7th district showed 37 percent, the
highest ratio. Salaries, wages, and fees took 30 percent of gross
earnings, ranging from 28.5 percent in the 4th district to 32 percent
in the 1st and 10th districts. Current operating earnings before
income taxes were more than 38 percent of gross earnings, ranging
from 36 percent in the 6th district to 40 percent in the 4th district.
The rate of interest and discount on the average loans and discounts
for the year varied from 4.05 percent in the 2d district to 5.20 percent
in the 12th district. The national average was 4.68 percent. The
rate of interest and dividends received on the average securities held
was 2.01 percent, and varied from 1.95 percent at the banks in the
1st, 2d, and 10th districts to 2.12 percent for banks in the 11th district.
Current operating earnings before income taxes were 16 percent
on the average total capital accounts, varying from 12 percent in the
3d district to 22 percent in the 12th district. Net profits after income
taxes but before dividends were, as noted above, 9.58 percent on the
average capital accounts, ranging from 7.00 percent in the 1st district
to 11.69 percent in the 12th district.
Summaries of the earnings, expenses, and dividends of national
banks for the years ended December 31, 1953 and 1954, are shown
in the following table.
Earnings, expenses, and dividends of national banks for years ended Dec. 81, 1958
and 195 4.
[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, transfers from valuation reserves, and profits:
On securities:
Recoveries - _ _ __ _
Transfers from valuation reserves
._
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from valuation reserves
Another
Total
See footnotes at end of table.
Change
since 1953
1954
1953
4,796
% 386. 2
7, 739. 6
4,864
2, 263. 7
7, 235.8
+122.5
+503.8
733.9
189.5
1, 801. 7
174.9
326.3
694.8
176.4
1, 751. 6
150.5
294.6
+39.1
+13.1
+50.1
+24.4
+31.7
3, 226.3
3, 067. 9
+158. 4
972.3
343.7
96.8
53.6
529.7
909.8
299.1
84.5
47.4
503.7
+62.5
+44.6
+12.3
+6.2
+26.0
1, 996.1
1, 844. 5
+151. 6
1, 230. 2
1, 223. 4
+6.8
8.4
25.0
244.9
7.9
15.2
23.5
+.5
+9.8
+221.4
14.2
40.2
31.0
16.5
5.3
13.6
-2.3
+34.9
+17.4
363.8
82.0
+281.8
-68
32
REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings, expenses, and dividends of national banks for years ended Dec. 31, 1953
and 1954—Continued
[In millions of dollars]
1954
Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses and chargeoffs
Transfers to valuation reserves.—
On loans:
Losses and chargeoffs
..
_
Transfers to valuation reserves
All other
Total
_.
Profits before income taxes
Taxes on net income:
Federal
State
-
.-
- -. -
Total
Net profits before dividends
Cash dividends declared:
On preferred stock
On common stock .
._
Total
Memoranda items:
Recoveries credited to valuation reserves (not included in
recoveries above):
On securities
On loans
_
__
.
Losses charged to valuation reserves (not included in losses
above):
On securities
On loans
Stock dividends (increases in capital stock)
Ratios:
Expenses to gross earnings
Net profits before dividends to capital accounts
Cash dividends to capital stock
Cash dividends to capital accounts
_.
1953
Change
since 1953
41.4
71.5
96.7
31.4
-55.3
+40.1
13.3
134.1
61.1
15.4
77.2
45.8
—2.1
+56.9
+15.3
321.3
266.6
+54.7
1, 272. 6
1, 038.9
+233. 7
508.5
23.0
446.7
18.9
+61.8
+4.1
531.6
465.6
+66.0
741.1
573.3
+167.8
.3
299.8
0
+24.9
300.1
.3
274.9
275.2
.9
27.3
.4
19.8
+.5
+7.5
8.1
53.9
79.9
22.4
53.0
50.4
+29.5
Percent
61.87
9.58
12.58
3.88
Percent
60.12
7.92
12.16
3.80
Percent
+1.75
+1.66
+.42
+.08
+24.9
-14.3
+.9
1
Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which were
in 2operation a part 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.
NOTE.—Figures are rounded to the nearest tenth of a million and may not equal totals.
STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM
The authorized capital stock of the 4,791 national banks in existence
on December 31, 1954, consisted of common capital stock aggregating
$2,483,502,263, a net increase during the year of $185,098,890, and
preferred capital stock aggregating $4,387,920, a net decrease during
the year of $1,034,680. These figures include one bank recently
chartered but not yet open for business at the end of the year, and
excludes six banks which furnished reports of condition as of December
31, 1954, in response to the call, although one was placed in voluntary
liquidation, oije was consolidated with or into a State bank, one was
merged with another national bank, and three were consolidated
with other national banks, all effective as of the close of business on
December 31. Also, the capital stock adjustments relative thereto
are reflected in these figures but not in the reports of condition.
33
REPORT OF THE COMPTROLLER OF THE CURRENCY
In addition to 29 applications with proposed common capital stock
of $6,450,000 carried over from the previous year, 68 applications
were received to organize national banks and to convert State banks
into national banking associations with proposed common capital
stock of $16,765,000 and preferred capital stock of $200,000. Of
these applications, 34 with proposed common capital stock of
$11,085,000 and preferred capital stock of $200,000 were approved;
15 with proposed common capital stock of $2,950,000 were rejected,
and the remainder had been abandoned or were still pending on
December 31. From the applications carried over from the previous
year and those approved during 1954, 27 national banking associations with common capital stock of $6,620,000 and preferred capital
stock of $200,000 were authorized to commence business. Of the
charters issued, 11 with common capital stock of $2,800,000 and preferred capital stock of $200,000 resulted from the conversions of
State banks.
Changes in the number and capital stock of national banks during
the year ended December 31,1954, are shown in the following summary.
Organization, capital stock changes, and national banks closed as reported during
the year ended Dec. 81, 1954
Number of
banks
Increases:
Banks newly chartered:
Primary organizations..
Reorganizations
___ _
Conversions of State banks
Capital stock:
Common:
142 cases by statutory sale
323 cases by statutory stock dividend
14 cases by stock dividend under articles of
association
28 cases by statutory consolidation
12 cases by statutory merger
Total increases
Decreases:
Banks ceasing operations:
Voluntary liquidations:
Succeeded by national banks
Succeeded by State banks
No successor.
___ __
Statutory consolidations
__
Statutory mergers
Conversions into State banks
Merged or consolidated with State banks (Public
Law 706)
Receiverships..
Capital stock:
22 cases by retirement
_
1 case by statutory reduction,
5 cases by statutory consolidation
4 cases by statutory merger.
Total decreases
Capital stock
Common
16
$3,820,000
11
2,800,000
Preferred
$200,000
90,348,024
79,330,301
557,050
21,360,950
4, 762, 565
27
202,978,890
30
30
1
20
10
2
7,990,000
5,700,000
25,000
12
2,875,000
200,000
250,000
80,000
260,000
700,000
1,134,680
100,000
105
17,880,000
1,234,680
Netchange..
_ _
Charters in force Dec. 31,1953, and authorized capital stock..
-78
4,869
185,098,890
2,298,403,373
-1,034,680
5,422,600
Charters in force Dec. 31,1954, and authorized capital stock.
4,791
2,483, 502,263
4,387,920
34
REPORT OF THE COMPTROLLER
OF THE
CURRENCY
NATIONAL BANK NOTES OUTSTANDING
There were, as of December 31, 1954, $69,188,664 of national
bank notes outstanding.
DISTRIBUTION OF ALL BANKS
On December 31, 1954, there were 14,388 commercial and savings
banks in the United States and possessions, with deposits of
$212,030,341,000. Of these banks 13,541, or 94 percent/with 96
percent of the deposits, were insured banks, The 4,795 insured
national banks represented 33 percent of all banks and held 50 percent of the total deposits. The 528 mutual savings banks, of which
218 were insured, held $26,359,025,000 of deposits.
Classification of all banks, Dec. 31 ,1954
Banks
Deposits
Change in
Percent 12 months
Number of
grand
(percent
of banks
total
of grand
total)
Insured banks:
Nationals.:
State member:
Commercial
Mutual savings
Nonmember:
State commercial
Mutual savings. _
Total insured banks
Uninsured banks:
Nonmember:
Commercial and private 2—
Mutual savings
Total uninsured banks
Total all banks
1
2
amount
(000
omitted)
Percent
of grand
total
Change in
12 months
(percent
of grand
total)
4,795
33.33
49.97
+0.08
1,868
3
12.98
.02
+.02
51,378,147
23,016
24.23
.01
-.27
6,660
215
46.29
1.49
+.31
25,975,159
19, 862, 292
12.25
9.37
13,541
94.11
+.21
203,194, 531
95.83
-.05
+.28
+.04
537
310
3.73
2.16
—.25
2,362,093
6,473,717
1.12
3.05
+.07
847
5.89
-.21
8,835,810
4.17
-.04
14,388
100.00
212,030,341
100. 00
- 0 . 1 2 $105,955,917
+.04
-.11
Includes 6 nonmember banks in possessions.
Includes 1 national bank in a possession.
ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES AND
POSSESSIONS
The total assets of all classes of active banks in the United States and
possessions on December 31, 1954, amounted to $232,685,000,000, an
increase of $11,552,000,000 since December 31, 1953.
The total deposits at the end of 1954 amounted to $212,030,000,000,
an increase of $10,052,000,000 over 1953. Included in the latter
aggregate are deposits of individuals, partnerships, and corporations
of $174,890,000,000, an increase of $8,127,000,000 in the year.
Deposits of the United States Government, including postal savings
deposits, were $4,633,000,000 an increase of $61,000,000; deposits of
States and political subdivisions amounting to $12,463,000,000 showed
an increase of $814,000,000, and deposits of banks of $16,826,000,000
were $852,000,000 more than in 1953.
REPORT OF THE COMPTROLLER OF THE CURRENCY
35
Loans and discounts amounted to $86,059,000,000 in December
1954 after deducting reserves of $1,266,000,000 for possible future
losses. The net loans were $5,139,000,000 over the amount reported
as of the end of 1953. Commercial and industrial loans of $27,060,000,000 were $308,000,000 less than the 1953 figure; real estate loans
of $33,581,000,000 were up $3,788,000,000, and all other loans of
$26,684,000,000 increased $1,783,000,000.
The banks held obligations of the United States Government,
direct and guaranteed, of $78,004,000,000 in December 1954, an
increase of $5,131,000,000 in the year. Obligations of States and
political subdivisions held amounted to $13,244,000,000, an increase
of $1,961,000,000, and other securities held amounted to $7,276,000,000,
an increase of $107,000,000. The total of all securities held at the end
of 1954 was $98,524,000,000, and represented 42 percent of the banks'
total assets. At the end of the previous year the ratio was 41 percent.
Cash and balances with other banks, including reserve balances, in
1954 were $44,754,000,000, a decrease of $1,238,000,000 since the
previous year.
Total capital accounts were $17,364,000,000, compared to $16,210,000,000 at the end of 1953, an increase of 7 percent.
A statement of the assets and liabilities of all classes of active banks
at the end of December 1953 and 1954 follows.
Assets and liabilities of all banks in the United States and possessions, 1958 and 1954
[In millions of dollars]
Dec. 31,
1954
Number of banks
Dec. 31,
1953
Change
since 1953
14,388
14, 538
-150
27,060
27,368
-308
2,269
2,957
2,206
2,784
+63
+173
4,481
33, 581
14,942
240
1,795
3,590
29, 793
14,633
162
1, 526
+891
+ 3 , 788
+309
+78
+269
87,325
1,266
82,062
1,142
+5,263
+124
86,059
80, 920
+5,139
78,004
13, 244
6,266
1,010
72, 873
11,283
6,322
847
+5,131
+ 1 , 961
-56
+163
98, 524
91,325
+7,199
2,657
2,691
-34
42,097
1,706
36
43,301
1,557
48
- 1 , 204
104
597
905
95
392
804
232, 685
221,133
+9
+205
+101
+11,552
ASSETS
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 and other loans for the
purpose of purchasing or carrying securities
Real estate loans
Other loans to individuals
Loans to banks
All other loans (including overdrafts)
Total gross loans
Less valuation reserves
Net loans
U. S. Government obligations, direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve 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
+149
-12
36
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of all banks in the United States and possessions, 1958 and 1954—
Continued
[In millions of dollars]
Dec. 31.
1954
Dec. 31,
1953
Change
since 1953
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
U. S. Government and postal savings deposits
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
_
—
103,859
71,031
4,633
12,463
16,826
3,218
100,417
66,346
4,572
11,649
15,974
3,020
+3,442
+4, 685
+61
+814
+852
+198
Total deposits
212,030
201, 978
+10, 052
Demand deposits
Time deposits
136,373
75,657
132,085
+4,288
+5,764
_
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Other liabilities
Total liabilities
33
67
-34
2,630
419
2,459
+209
+171
215,321
204, 923
+10,398
CAPITAL ACCOUNTS
Capital notes and debentures
Preferred stock
Common stock
,
Surplus
Undivided profits
Eeserves and retirement account for preferred stock and capital
notes and debentures
Total capital accounts
Total liabilities and capital accounts
46
24
4,358
8,895
3,400
+3
31
4,100
8,194
3,241
+258
+701
+159
641
601
+40
17,364
16, 210
+1,154
232, 685
221,133
+11, 552
NOTE.—Figures for nonnational banks 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 four reports of condition during the year ended
December 31, 1954. Reports were required as of April 15, June 30,
October 7, and December 31. Summaries from all condition reports,
by States, are published in pamphlet form. National banks were
also required by statute to obtain reports, unless waived by the
Comptroller, of their affiliates and holding company affiliates other
than member banks as of the four dates for which condition reports
of the banks were obtained and to submit such reports to the Comptroller.
Under the general powers conferred upon him by law, the Comptroller
obtained from each national bank during the period indicated semiannual reports of earnings, expenses, and dividends; also reports of
condition of foreign branches as of December 31, 1954.
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, 1954.
In accordance with section 298 of the code of law for the District
of Columbia, banks other than national in the District were required
REPORT OF THE COMPTROLLER OF THE CURRENCY
37
to make to the Comptroller condition reports and reports of earnings,
expenses, and dividends identical with those obtained from national
banks during the year.
Detailed figures from 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.
However, section 21 of the Federal Reserve Act, as amended, provides
in part that the Comptroller may w&rve the requirement for the submission of the report of an affiliate if in his judgment such a report is
not necessary to disclose fully the relations between an affiliate and a
bank and the effect thereof upon the affairs of the bank. Pursuant
to this latter section the Comptroller's waiver of requirement for
reports of affiliates provides principally that reports of affiliates (other
than holding company affiliates) need not be submitted and published
in a newspaper unless the affiliate is indebted to the national bank or
the bank owns obligations of the affiliate and the aggregate of such
indebtedness or investment is carried as an asset on the bank's books
at a value in excess of $5,000, or 1 percent of the bank's capital and
surplus, whichever is the greater.
At the end of December 1954, 288 member national banks in the
United States submitted 323 reports of affiliates. Included in these
figures are 177 banks in 22 States which are members of 21 holding
company groups. The number of banks in each holding company
group varied from 1 to 49. The actual number of reporting affiliates
and holding company affiliates was 167.
In addition there were two nonnational banks in the District of
Columbia which are members of the Federal Reserve System that
reported three affiliates to the Comptroller pursuant to the provisions
of the code of law for the District of Columbia.
LIQUIDATION OF INSOLVENT NATIONAL BANKS
During the year ended December 31, 1954, there were no failures
of national banks. No liquidations of insolvent national banks were
completed during the year, leaving but one national bank receivership
in process of liquidation as of December 31, 1954. This one remaining
receivership was involved in litigation.
ISSUE AND REDEMPTION OF NOTES
Nine hundred and twenty-nine shipments of Federal Reserve
currency were made from Washington, D. C , during the year ended
December 31, 1954, to Federal Reserve agents and Federal Reserve
branch banks, aggregating $7,315,460,000, and in addition, 22 deliveries were made to the Treasurer of the United States aggregating
$101,560,000.
Five thousand four hundred and twenty-one lots of unfit Federal
Reserve currency were received for verification and certification for
38
REPORT OF THE COMPTROLLER OF THE CURRENCY
destruction consisting of 586,915,738 notes aggregating $6,953,341,085.
There were received 35 lots of national bank notes for verification
and certification for retirement and destruction consisting of 206,770
notes aggregating $3,357,715.
One hundred sixty-four thousand four hundred and sixty-five
fragments or charred Federal Reserve and national bank notes
aggregating $2,845,215 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, 1954, 8,644 examinations of
banks, 4,947 examinations of branches, 1,542 examinations of trust
departments, and 33 examinations of affiliates were conducted.
Twenty-six State banks were examined in connection with conversions
to or consolidations with national banks. Investigations were also
conducted in connection with applications for 45 new charters and 321
new branches.
ORGANIZATION AND STAFF
On December 31,1954, the Office of the Comptroller of the Currency
had in its employ 1,111 persons. Of these, 198 were assigned to the
Washington office, including 33 in the Federal Keserve Issue and Redemption Division, which is an. expense of the Federal Eeserve banks.
During the year the total personnel in the Washington office was
increased by 2 and the total field force was increased by 6 persons.
Thirty-two national bank examiners and 66 assistant national bank
examiners left the service during the year. In the same period 29
assistants were commissioned national bank examiners, while 101 new
assistants were appointed and 3 returned from military furlough, leaving a total of 253 examiners and 545 assistants in the service at the
end of the year.
District Chief National Bank Examiner Walter A. Sandlin, in charge
of the Dallas office, retired on September 30, 1954, and District Chief
National Bank Examiner Reed Dolan was transferred from the St.
Louis office to succeed him. Mr. Clarence R. Anderson, a career
employee who has served as Assistant National Bank Examiner,
National Bank Examiner, and Assistant Chief National Bank Examiner, was appointed to succeed Mr. Dolan.
During the year National Bank Examiners Chapman C. Fleming
and Clarence B. Redman were promoted to Assistant Chief National
Bank Examiners in our Washington office, both of them having served
on the examining staff of the Comptroller's office for many years.
In the last annual report reference was made to conferences had
with the Civil Service Commission with respect to the continuance
of the recruitment of assistant national bank examiners on an excepted
39
REPORT OF THE COMPTROLLER OF THE CURRENCY
basis and to the Comptroller's intention to request legislation which
would enable him to appoint suitable men for employment as assistant
examiners under the long-established existing procedures. This matter
is still pending, no legislation having as yet been submitted to Congress due to continued negotiations with the Commission. Although
the present exception from civil service requirements will expire on
June 30, 1955, it now appears that continuance of the exception under
schedule B will be approved by the Civil Service Commission.
During the year the educational program previously initiated for
members of the examining staff was continued. Under this program
assistant examiners are encouraged to enroll at office expense in extension courses given by the American Institute of Banking, the educational organization sponsored and conducted by the American Bankers
Association. Senior members of the examining staff are also offered
the opportunity of attending, also at office expense, one of the four
graduate schools of banking conducted by the American Bankers
Association at Rutgers University, the University of Wisconsin, the
University of Washington, and the University of Louisiana. In addition, the joint training program conducted by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve
System, and the Federal Deposit Insurance Corporation, established
in 1952, has been continued. The program was established to improve
training procedures for newly appointed assistant examiners and newly
commissioned national bank examiners, to shorten the training period,
and to produce better examiners. As of December 31, 1954, 172 of
the present members of the examining staff had completed the American Institute of Banking courses offered, 24 had completed the
graduate school courses, and 45 the interagency courses.
EXPENSES OF THE BUREAU
The following is a summary of the operating expenses of the Bureau
for the year ended December 31, 1954:
issue
Bank supervi- Currency
and redempsion
tion
Per diem
Transportation
Supplies
.
Printing and binding.
RentFurniture and fixtures
Communications
Fixed charges
Maintenance
Employer's FICA and insurance fund contributions..
Miscellaneous
Total .
$5,917, 520.97
1, 094, 241.04
358, 516.25
53, 905.47
131,024. 53
17, 319.02
52,196.38
9,092.50
87, 772.47
7, 721, 588.63
$128,241.00
678.67
433.81
588.37
13,689.03
12,071.15
151.01
155,853.04
Total
$6,045, 761.97
1,094,241.04
358,516.25
54.584.14
433.81
131,024.53
17.319.02
52,784. 75
13.689.03
12.071.15
9,243.51
87,772.47
7,877,441.67
Funds used in payment of the bank supervision costs are derived
from assessments against the banks supervised. The cost of operating the Division which handles the currency issue and redemption
functions is paid by the Federal Reserve banks.
APPENDIX
CONTENTS
TABLES
No. 1. Comptrollers and Deputy Comptrollers of the Currency since
1863
No. 2. Total number of national banks organized, consolidated under act
November 7, 1918, as amended, insolvent, in voluntary liquidation, converted into and merged or consolidated with State
banks under Public Law 706 (12 U. S. C. 214), and in existence
on December 31, 1954
No. 3. National banks chartered during the year ended December 31,
1954
No. 4. National banks chartered which were conversions of State banks
during the years ended December 31, 1953 and 1954
No. 5. National banks reported in voluntary liquidation during the year
ended December 31, 1954, the names of succeeding banks in
cases of succession, with date of liquidation and capital stock. _
No. 6. National banks merged or consolidated with and into State banks
under the provisions of Public Law 706 (12 U. S. C. 214), approved August 17, 1950, and the laws of the States where the
banks are located, during the year ended December 31, 1954,
with the effective date and the capital stock
No. 7. National banks converted into State banks under the provisions
of Public Law 706 (12 U. S. C. 214), approved August 17, 1950,
and the laws of the States where the banks are located, during
the year ended December 31, 1954, with the effective date and
the capital stock
No. 8. Purchases of State banks by national banks reported during the
year ended December 31, 1954, with title, location and capital
stock of the State banks and effective dates of purchase
No. 9. Consolidations of national banks, or national and State banks,
during the year ended December 31, 1954, under sections 1, 2,
and 3 of the act of November 7, 1918, as amended
No. 10. Mergers of national banks, or national and State banks, during
the year ended December 31, 1954, under sections 4 and 5 of
the act of November 7, 1918, as amended
No. 11. Number of domestic branches of national banks authorized during
the year ended December 31, 1954
No. 12. Number and class of domestic branches of national banks closed
during the year ended December 31, 1954
No. 13. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, December 31, 1953 and 1954__
No. 14. Number of national banks in United States and possessions with
surplus fund equal to or exceeding common capital stock, and the
number with surplus fund less than common capital stock 1942
to 1954
No. 15. Dates of reports of condition of national banks, 1914 to 1954
No. 16. Assets and liabilities of national banks on April 15, June 30, October 7, and December 31, 1954
No. 17. Fiduciary activities of national banks as of December 31, 1954
No. 18. Fiduciary activities of national banks by Federal Reserve districts
as of December 31, 1954
No. 19. Classification of investments under administration by the active
national bank trust departments, December 31, 1954
No. 20. Fiduciary activities of national banks by States as of December 31,
1954
No. 21. Earnings, expenses, and dividends of national banks, by States,
for the year ended December 31, 1954
No. 22. Earnings, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended December 31, 1954
No. 23. Earnings, expenses, and dividends of national banks, by size of
banks, for the year ended December 31, 1954
No. 24. Earnings, expenses, and dividends of national banks, years ended
December 31, 1952-54
43
Page
45
46
47
48
49
51
51
52
53
56
58
62
64
65
66
67
121
123
124
124
128
136
139
142
44
REPORT OF THE COMPTROLLER OF THE CURRENCY
No. 25. Number of national banks, capital stock, capital funds, net profits,
dividends, and ratios, years ended December 31, 1929-54
No. 26. Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years
1935-54
No. 27. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1935-54
No. 28. Foreign branches of American national banks, December 31, 1954_
No. 29. Consolidated statement of assets and liabilities of foreign branches
of national banks, December 31,1954
No. 30. Assets and liabilities of banks in the District of Columbia, by
classes, December 31,1954
1
No. 31. Assets and liabilities of all banks in the District of Columbia at
date of each call during year ended December 31, 1954
No. 32. Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during year ended December 31,
1954
No. 33. Earnings, expenses, and dividends of banks in the District of
Columbia, years ended December 31,1954 and 1953
No. 34. Number of banks, capital stock, capital funds, net profits, interest
and dividends, and ratios, all banks, in the District of Columbia,
years ended December31,1929-54
No. 35. 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 1935-54
No. 36. 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 1935-54
No. 37. Assets and liabilities of all active banks in the United States and
possessions, by classes, December 31,1954
No. 38. Assets and liabilities of all active banks in the United States and
possessions, by States and Territories, December 31, 1954
No. 39. Assets and liabilities of active national banks, by States and Territories, December 31,1954
No. 40. Assets and liabilities of all active banks other than national, by
States and Territories, December 31, 1954
No. 41. Assets and liabilities of active State commercial banks, by States
and Territories, December 31, 1954
No. 42. Assets and liabilities of active mutual savings banks, by States
and Territories, December 31, 1954
No. 43. Assets and liabilities of active private banks, by States and Territories, December 31, 1954
No. 44. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, December 31,
1954
No. 45. Officials of State banking departments and number of each class
of active banks in December 1954
No. 46. Assets and liabilities of all active banks, December 31, 1936 to
1954
No. 47. Assets and liabilities of all active national banks, December 31,
1936 to 1954
No. 48. Assets and liabilities of all active banks other than national, December 31, 1936 to 1954
No. 49. 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, 1954.
No. 50. Number and deposits of national and District of Columbia non*
national banks placed in receivership, period April 14, 1865, to
December 31, 1954, by groups according to percentages of dividends paid to December 31, 1954
No. 51. National bank in charge of receiver during the year ended December 31, 1954
No. 52. Bank suspensions since inauguration of Federal deposit insurance,
years ended December 31,1934 to 1954
Page
144
145
145
146
147
148
150
151
152
154
155
156
158
160
168
176
184
192
196
200
202
204
205
206
207
210
212
213
REPORT OF THE COMPTROLLER OF THE'CURRENCY
45
TABLE N O . I.-—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
No.
Name
Date of appointment
Date of resignation
State
COMPTROLLERS OF THE CURRENCY
McCulloch, Hugh
Clarke, Freeman
Hulburd, Hiland R
Knox, John Jay
Cannon, Henry W
Trenholm, William L
Lacey, Edward S
Hepburn, A. Barton
Eckels, James H
Dawes, Charles G
Ridgely, William BarretMurray, Lawrence O
Williams, John Skelton__.
Crissinger, D. R
Dawes, Henry M
Mclntosh, Joseph W
Pole, John W
O'Connor, J. F. T
Delano, Preston
Gidney, R a y M
May
Mar.
Feb.
Apr.
May
Apr.
May
Aug.
Apr.
Jan.
Oct.
Apr.
Feb.
Mar.
May
Dec.
Nov.
May
Oct.
Apr.
9,1863
21,1865
1,1867
25,1872
12,1884
20,1886
1,1889
2,1892
26,1893
1,1898
1,1901
27,1908
2,1914
17,1921
1,1923
20,1924
21,1928
11,1933
24,1938
16,1953
Mar.
July
Apr.
Apr.
Mar.
Apr.
June
Apr.
Dec.
Sept.
Mar.
Apr.
Mar.
Apr.
Dec.
Nov.
Sept.
Apr.
Feb.
8,1865
24,1866
3,1872
30,1884
1,1886
30,1889
30,1892
25,1893
31,1897
30,1901
28,1908
27,1913
2,1921
30,1923
17,1924
20,1928
20,1932
16,1938
15,1953
Indiana.
New York.
Ohio.
Minnesota.
Do.
South Carolina.
Michigan.
New York.
Illinois.
Do.
Do.
New York.
Virginia.
Ohio.
Illinois.
Do.
Ohio.
California.
Massachusetts.
Ohio.
DEPUTY COMPTROLLERS OF THE CURRENCY
Howard, Samuel T.._
Hulburd, Hiland R__
Knox, John Jay
Langworthy, John S_.
Snyder, V. P
Abrahams, J. D
Nixon, R. M
Tucker, Oliver P
Coffin, George M
Murray, Lawrence O_
Kane, Thomas P
Fowler, Willis J
Mclntosh, Joseph W__
Collins, Charles W . . .
Stearns, E. W
Await, F . G
Gough, E. H
Proctor, John L
_
Lyons, Gibbs
Prentiss, William, Jr..
Diggs, Marshall R._.
Oppegard, G. J
Upham, C. B
Mulroney, A. J
McCandless, R. B_._.
Sedlacek, L. H
Robertson, J. L
Hudspeth, J. W
Jennings, L. A
Taylor, W. M
Garwood, G. W_
i Term expired,
a Died Mar. 2,1923
350642—55
1
May 9,1863
Aug. 1,1865
Mar. 12,1867
Aug. 8,1872
Jan. 5,1886
Jan. 27,1887
Aug. 11,1890
Apr. 7,1893
Mar. 12,1896
Sept. 1,1898
June 29,1899
July 1,1908
May 21,1923
July 1,1923
Jan. 6,1925
July 1,1927
July 6.1927
Dec. 1.1928
Jan. 244933
Feb. 24,1936
Jan. 16,1938
do.
Oct. 1.1938
May 1.1939
July 7,1941
Sept. 1,1941
Oct. 1,1944
Jan. 1,1949
Sept. 1,1950
Mar. 1,1951
Feb. 18,1952
Aug. 1,1865
Jan. 31,1867
Apr. 24,1872
Jan. 3,1886
Jan. 3,1887
May 25,1890
Mar. 16,1893
Mar. 11,1896
Aug. 31,1898
June 27,1899
Mar. 2,19232
Feb. 14,1927
Dec. 19,1924
June 30,1927
Nov. 30,1928
Feb. 15,1936
Oct. 16,1941
Jan. 23,1933
Jan. 15,1938
do
Sept. 30,1938
do
Dec. 31,1948
Aug. 31,1941
Mar. 1,1951
Sept. 30,1944
Feb. 17,1952
Aug. 31,1950
New York.
Ohio.
Minnesota.
New York.
Do.
Virginia.
Indiana.
Kentucky.
South Carolina.
New York.
District of Columbia.
Indiana.
Illinois.
Do.
Virginia.
Maryland.
Indiana.
Washington.
Georgia.
California.
Texas.
California.
Iowa.
Do.
Do.
Nebraska.
Do.
Texas.
New York.
Virginia.
Colorado.
46
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 2.—Total number of national banks organized, consolidated under act
Nov. 7, 1918, as amended, insolvent, in voluntary liquidation, converted into and
merged or consolidated with State banks under Public Law 706 (12 U. S. C. 214)
and in existence Dec. 81, 1954
Consolidated
under act Nov.
7,1918, as
amended
Organized
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Public Law 706
(12 U . S. C. 214)
In
In
Insol- liquivent dation
Merged existence
Under Mergers
Con- or consees. under
verted solidated
1,2,
sees. 4
to State with
and 3
and 5
banks State
banks
127
80
85
371
67
124
5
2
2
25
3
854
1
13
5
17
28
2
7
78
22
28
205
57
65
2
44
1
72
455
3
279
993
419
1,282
30
141
32
69
23
63
6
129
59
211
1
17
7
433
138
441
18
63
12
3
14
3
16
1
2
339
196
547
10
57
8
2,897
162
10
424
1,105
3
36
1,157
251
191
154
124
188
162
181
80
112
1,189
148
248
211
18
11
5
6
8
2
2
5
3
39
1
10
7
1
28
38
44
43
42
42
45
16
16
140
39
37
36
73
67
58
49
86
41
62
34
53
567
55
110
93
3,239
117
2
566
1,348
_
700
438
926
319
273
492
546
294
28
12
17
10
9
7
4
11
112
98
227
77
54
116
204
58
326
204
291
154
115
191
241
147
1
1
Total Middle Western States-
3,988
98
946
1,669
4
259
219
405
447
194
62
218
86
745
3
12
1
5
3
12
100
93
83
76
76
12
55
25
84
118
79
198
196
76
25
83
35
452
38
35
123
170
39
25
77
26
197
2,635
39
604
1,262
730
226
148
526
110
38
17
31
17
2
14
51
30
64
35
6
4
6
126
102
374
64
18
7
21
1,096
39
196
712
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.
t
Mississippi
Louisiana ._ .
-- _
Texas
Arkansas
Kentucky . .
_. .
Tennessee, . .
Total Southern States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
.
. _
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
7
4
2
5
1
1
1
3
1
4
1
1
1
1
1
31
51
37
112
5
43
132
75
46
26
52
77
71
25
40
442
53
89
75
1
1
2
1
1
2
1
1
1
1
2
1
1,203
234
123
389
77
95
178
96
77
1,269
32
13
72
11
9
5
3
145
47
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 2.—Total number of national banks organized, consolidated under act
Nov. 7, 1918j as amended, insolvent, in voluntary liquidation, converted into and
merged or consolidated with State banks under Public Law 706 {12 U. S. C. 214),
and in existence Dec. 31, 1954—Continued
Consolidated
under act Nov.
7, 1918, as
amended
Location
Organized
Insolvent
In
liquidation
In
Merged existCon- or con- ence
verted solidated
to State with
banks
State
banks
7
6
1
1
1
1
4
1
6
1
15
1
6
8
14,724
500
15 2 2, 808 3 6,557
Alaska
.
The Territory of Hawaii
Puerto Rico
Virgin Islands of the United States.
Total possessions
Total United States and possessions
Under Mergers
sees. under
sees. 4
1,2,
and 3 and 5
Public Law 706
(12 U. S. C. 214)
1
1
11
42
4,791
1 Includes 456 organized under act Feb. 25, 1863; 9,401 under act June 3, 1864, as amended; 10 under
Gold Currency Act of July 12, 1870; and 4,857 under act of Mar. 14, 1900.
2 Exclusive of those restored to solvency.
3 Includes 208 passed into liquidation upon expiration of corporate existence.
TABLE N O . 3.—National banks chartered during the year ended Dec. 81, 1954
Charter
No.
Capital
stock
(common)
Title and location of bank
ALABAMA
14720
$100,000
First National Bank of Bay Minette
CALIFORNIA
14722
345,000
First National Bank of Sunnyvale
FLORIDA
14701 The Florida National Bank at Orlando
14702 The Florida National Bank at Gainesville—14704 Manatee River National Bank of Bradenton
14707 Curtiss National Bank of Miami Springs
14712 First National Bank of Eau Gallie
14714 Citizens National Bank of St. Petersburg
14718 Industrial National Bank of Miami
14719 First National Bank of Dunedin
14721 Florida National Bank & Trust Company at West Palm Beach
14723 First National Bank of Pompano Beach
Total (10 banks).—
400,000
100,000
200,000
500,000
125,000
400,000
i 650,000
200,000
100,000
200,000
i 2, 875,000
ILLINOIS
14700
14708
14711
14717
Prospect National Bank of Peoria
Kewanee National Bank, Kewanee
University National Bank of Peoria---.-Uptown National Bank of Moline
Total (4 banks).
-
-
_•—
-.
_..
200,000
200,000
200,000
200,000
800,000
LOUISIANA
14716
100,000
Southern National Bank at Tallulah
MINNESOTA
14713
First Edina National Bank, Edina...
-.
150,000
MONTANA
14715
Citizens First National Bank of Wolf Point
100,000
48
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 3.—National banks chartered daring the year ended Dec. 31, 1954—
Continued
Charter
No.
Capital
stock
(common)
Title and location of bank
NEW YORK
14699
The National Bank of Great Neck
$500,000
_
OHIO
14709
14724
Stebbins National Bank of Creston
The Southern Ohio National Bank of Cincinnati
50,000
500,000
Total (2 banks).
550,000
SOUTH CAROLINA
14698
First National Bank of Myrtle Beach...
_
_.
100,000
TENNESSEE
14710
First Farmers and Merchants National Bank of Columbia
200,000
TEXAS
14703
14705
MacGregor Park National Bank of Houston
Industrial National Bank of Dallas
_..
Total (2 banks)
_.
_
_
300,000
300,000
600,000
WEST VIRGINIA
14706
The Guaranty National Bank of Huntington
_
400,000
Total United States (27 banks)
1
i 6, 820,000
Includes $200,000 preferred capital stock.
TABLE N O . 4.—National banks chartered which were conversions of State banks
during the years ended Dec. 81, 1958 and 1954
Charter
No.
14680
14691
14692
Title and location of bank
State
Glenville National Bank of Scotia... N . Y
City National Bank of Anchorage. _. Alaska
The Florida National Bank at Perry. Fla
Authorized capital
1953
Feb. 2
Sept. 29
Oct. 1
$200,000
203,000
100,000
$323, 581 $8,210,861
3,858 2,113, 872
108,090
3,366,335
503,000
435, 529 13, 691,068
Total (3 banks)
14698
14701
14702
14704
14706
14710
14713
14718
14719
14721
14724
First National Bank of Myrtle Beach.
The Florida National Bank at Orlando.
The Florida National Bank at
Gainesville.
Manatee River National Bank of
Bradenton.
The Guaranty National Bank of
Huntington.
First Farmers and Merchants National Bank of Columbia.
First Edina National Bank, Edina...
Industrial National Bank of Miami
First National Banlr of Dnnp.rHn
Florida National Bank & Trust Co.
at West Palm Beach.
The Southern Ohio National Bank of
Cincinnati.
Total (11 banks)
* Includes $200,000 preferred capital stock.
1954
Jan. 2
Feb. 10
S. C
Fla
Approximate
surplus Approxiasand un- mate
sets
divided
profits
Effective
date of
charter
100,000
87,326
400,000 1,708,561
3,247,620
27,121,711
do
Mar. 11
100,000
591,891
8,103,642
do
May 13
200,000
543,636
14,133,147
June 1
400,000
518,589
13,405,423
200,000
121,827
W. Va
_. July
Tenn_
Minn
Fla
do
do
Ohio..
.
1
5,044,238
Aug. 2
Oct. 1
Oct. 20
Nov. 15
150,000 316,581
1650,000 1,077,868
200,000
257,410
100,000 1,105,127
9,906,242
33,056,869
6, 910, 727
17,151, 262
Dec. 31
500,000 1,680,346
21,838,176
13,000,000 8,009,162 159,919,057
REPORT OF THE COMPTROLLER OF THE CURRENCY
49
TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. 31, 1954, the names of succeeding banks in cases of succession, with
date of liquidation and capital stock
Title and location of bank
The Schenevus National Bank, Schenevus, N . Y. (4962), absorbed by Wilber
National Bank of Oneonta, N. Y
The First National Bank of Belle Vernon, North Belle Vernon, Pa. (4850),
absorbed by The First National Bank of McKeesport, Pa
The City National Bank of Pottsville, Pa. (14262), absorbed by The Pennsylvania National Bank and Trust Company of Pottsville
The First National Bank of McDonald, Pa. (4752), absorbed by Peoples First
National Bank & Trust Co., Pittsburgh, P a — .
The First National Bank of Lebanon, Oregon (9127), absorbed by The First
National Bank of Portland, Oregon
_
The First National Bank of Cottage Grove, Oregon (5642), absorbed by The
First National Bank of Portland, Oregon
The First National Bank of Prineville, Oregon (3851), absorbed by The First
National Bank of Portland, Oregon—
_
The First National Bank of Forest Grove, Oregon (8036), absorbed by The
First National Bank of Portland, Oregon.
_
_.
The First National Bank of Eugene, Oregon i (3458), absorbed by The First
National Bank of Portland, Oregon
_.
The First National Bank of Los Gatos, Calif. (10091), absorbed by American
Trust Company, San Francisco, Calif
_
_.
The Peoples National Bank and Trust Company of Monessen, Pa. (5956),
absorbed by Mellon National Bank and Trust Company, Pittsburgh, Pa.__
The National Bank of Ford City, Pa. (14155), absorbed by Mellon National
Bank and Trust Company, Pittsburgh, Pa
The North Berwick National Bank, North Berwick, Me. (1523), absorbed by
The First National Bank of Biddeford, M e . . _.
The National Bank of Seneca, Kans. (5101), absorbed by The Citizens State
Bank of Seneca..
The First National Bank of Delphos, Kans. (7532)
_..
The First National Bank of Mountain View, Calif. (10324), absorbed by
Central Bank, Oakland, Calif
_
_.
The First National Bank at Wilkinsburg, Pa.2 (13823), absorbed by The
Colonial Trust Company, Pittsburgh, Pa
__.
The First National Bank of Binford, N. Dak. (8265), absorbed by Binford
State Bank, Binford
___
Torrance National Bank, Torrance, Calif. (14202), absorbed by California
Bank, Los Angeles, Calif
The Farmers National Bank of Bellefonte, Pa. (13118), absorbed by Bellefonte
Trust Company, Bellefonte
_
The First National Bank of Girardville, Pa. (4422), absorbed by The Union
National Bank of Mahanoy City, Pa
The First National Bank of Blanchard, Okla. (8702), absorbed by First State
Bank, Blanchard
The First National Bank of New Bethlehem, Pa. (4978), absorbed by Oil City
Trust Company, Oil City, Pa
The First National Bank of Oakdale, Calif. (7502), absorbed by Central Bank,
Oakland, Calif
_
.._.
The Live Stock National Bank of Omaha, Nebr.* (8949), absorbed by The
Omaha National Bank, Omaha
The Produce National Bank of South Deerfield, Mass. (8150), absorbed by
First National Bank & Trust Company of Greenfield, Mass
Mechanics and Merchants National Bank of Vallejo, Calif. (13368), absorbed
by The Anglo California National Bank of San Francisco, Calif
The First National Bank of Clarington, Ohio (5762), absorbed by The First
National Bank of Powhatan Point, Ohio-._
First National Bank of Buechel, Ky. (14659), absorbed by The First National
Bank of Louisville, K y —
—
The First National Bank of Hinton, Okla. (12107), absorbed by The First
State Bank, Hinton
The First National Bank of Antioch, Calif. (9892), absorbed by Wells Fargo
Bank& Union Trust Co., San Francisco, Calif
The National Bank of Brookville, Pa. (3051), absorbed by DuBois Deposit
National Bank, DuBois, Pa
First National Bank of Renton, Wash. (14505), absorbed by Seattle-First
National Bank, Seattle, Wash
The First National Bank at Canonsburg, Pa. (13813), absorbed by Peoples
First National Bank & Trust Company, Pittsburgh, Pa
Marine National Bank of Chicago, 111. (14551), absorbed by Central National
Bank in Chicago
First National Bank at Beaver Falls, Pa. (14117), absorbed by Mellon National
Bank and Trust Company, Pittsburgh, Pa._
First National Bank in Finleyville, Pa. (13869), absorbed by The First
National Bank of McKeesport, Pa.
Sligo National Bank, Sligo, Pa. (8946), absorbed by First Seneca Bank and
Trust Company, Oil City, Pa
See footnotes at end of table.
Date of
liquidation
Dec. 31,1953
....doJan.
9,1954
Capital
stock
(common)
$50,000
50,000
100,000
Jan. 22,1954
50,000
Feb. 6,1954
300,000
. — .do
250,000
..do-
200,000
..do-
150,000
.do-
1,000,000
Feb. 12,1954
50,000
Feb. 26,1954
225,000
Mar. 20,1954
100,000
Mar. 31,1954
75,000
May 8,1954
Apr. 27,1954
50,000
25,000
May 14,1954
250,000
Nov. 27,1953
400,000
May 29,1954
25,000
May 21,1954
100,000
June 12,1954
75,000
June 18,1954
80,000
Apr.
3,1954
25,000
July 10,1954
200,000
July 13,1954
300,000
Aug. 20,1954
1, 500,000
Sept. 3,1954
50,000
Aug. 27,1954
100,000
Sept. 18,1954
50,000
Aug. 20,1954
100,000
Sept. 18,1954
50,000
Sept. 30,1954
75,000
Oct.
9,1954
100,000
Oct.
2,1954
100,000
Oct.
8,1954
200,000
Oct. 11,1954
200,000
Nov. 6,1954
100,000
Nov. 10,1954
100,000
Nov. 20,1954
25,000
50
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in voluntary liquidation during the year
ended Dec. 81, 1954, the names of succeeding banks in cases of succession, with
date of liquidation and capital stock—Continued
Title and location of bank
The First National Bank of Rimersburg, Pa. (6676), absorbed by First Seneca
Bank and Trust Company, Oil City, Pa
The National Marine Bank of Baltimore, Md. (2453), absorbed by FidelityBaltimore National Bank & Trust Company, Baltimore
_
The Ridley Park National Bank, Ridley Park, Pa. (10847), absorbed by
Fidelity-Philadelphia Trust Company, Philadelphia, Pa
___
The First National Bank of Roscoe, Pa. (5495), absorbed by The First National Bank of McKeesport, Pa
The First National Bank of Apollo, Pa. (5723), absorbed by Apollo Trust
Company, Apollo
The Nassau County National Bank of Rockville Centre, N. Y.« (11033),
absorbed by The Franklin National Bank of Franklin Square, N. Y
First National Trust and Savings Bank of Santa Barbara, Calif.5 (2104),
absorbed by First Western Bank and Trust Company, San Francisco, Calif
The First National Bank of San Jacinto, Calif. (7997), absorbed by First
Western Bank and Trust Company, San Francisco, Calif
The First National Bank of Crows Landing, Calif. (9765), absorbed by First
Western Bank and Trust Company, San Francisco, Calif
The First National Bank of Weed, Calif. (9873), absorbed by First Western
Bank and Trust Company, San Francisco, Calif
First National Bank in Delano, Calif. (10387), absorbed by First Western Bank
and Trust Company, San Francisco, Calif._.
The First National Bank of Fairfield, Calif. (10984), absorbed by First Western
Bank and Trust Company, San Francisco, Calif
The First National Bank of Garden Grove, Calif. (11251), absorbed by First
Western Bank and Trust Company, San Francisco, Calif
The First National Bank of Los Altos, Calif.6 (11522), absorbed by First
Western Bank and Trust Company, San Francisco, Calif
The First National Bank of Bellflower, Calif. (12328), absorbed by First
Western Bank and Trust Company, San Francisco, Calif...
The Temple City National Bank, Temple City, Calif. (12766), absorbed by
First Western Bank and Trust Company, San Francisco, Calif
First National Bank in Turlock, Calif. (13418), absorbed by First Western
Bank and Trust Company, San Francisco, Calif
First National Bank in Santa Ana, Calif.7 (14045), absorbed by First Western
Bank and Trust Company, San Francisco, Calif..First National Bank in Corcoran, Calif. (14230), absorbed by First Western
Bank and Trust Company, San Francisco, Calif..
The Atlas National Bank of Cincinnati, Ohio 8 (3639), absorbed by The First
National Bank of Cincinnati
The First National Bank of Byesville, Ohio (5641), absorbed by The Central
National Bank at Cambridge, Ohio
The Silver Springs National Bank, Silver Springs, N. Y. (6148), absorbed by
The Citizens State Bank of Arcade, N. Y
The First National Bank at McKees Rocks, Pa. (14107), absorbed by Peoples
First National Bank & Trust Company, Pittsburgh, Pa
Total (61 banks).
i With 1 branch each in Eugene and Springfield.
* With 1 branch in Monroeville.
3 With 1 branch in Omaha.
* With 1 branch each in Roosevelt and Uniondale.
« With 1 branch in Santa Barbara.
e With 1 branch in Los Altos.
i With 1 branch in Santa Ana.
8 With 3 branches in Cincinnati.
Date of
liquidation
Capital
stock
(common)
Nov. 20,1954
$50,000
Nov. 30,1954
600,000
Dec. 3,1954
50,000
Nov. 30,1954
50,000
Dec. 18,1954
50,000
Dec. 17,1954
670,000
Dec. 15,1954
600,000
do
100,000
_do-
125,000
_do-
100,000
400,000
..do..
100,000
200,000
,.do.
250,000
,.do-
400,000
.„.do
150,000
Dec. 1,1954
375,000
Dec. 15,1954
1,000,000
do
Dec. 30,1954
do
Dec. 31,1954
Dec. 10,1954
100,000
1,200,000
40,000
25,000
200,000
13,715,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
51
TABLE N O . 6.—National banks merged or consolidated with and into State banks
under the provisions of Public Law 706 (12 U. S. C. 214), approved Aug. 17, 1950,
and the laws of the States where the banks are located, during the year ended Dec. 31,
1954, with the effective date and the capital stock
Title and location of bank
The First National Bank of Eochester, Pa. (2977), merged with and into
Beaver Trust Company, Beaver, Pa
The Peoples National Bank of Greenport, N. Y. (3232), merged with and into
The North Fork Bank and Trust Company, Mattituck, N. Y
The First National Bank of Chester, Pa.i (332), and Clifton Heights National
Bank, Clifton Heights, Pa.2 (14122), merged with and into Fidelity-Philadelphia Trust Company, Philadelphia, Pa
The First National Bank of Dover, Del. (1567), merged with and into Equitable Security Trust Company, Wilmington, Del
The National Bank of Burlington, N.C.3 (13613), merged with and into Wachovia Bank and Trust Company, Winston-Salem, N. C
The National Branch Bank of Madison, Ind. (1457), merged with and into
Madison Safe Deposit and Trust Company, Madison, and under the title
"The Madison Bank and Trust Company"
The Byram National Bank of East Port Chester, Byram, Conn. (12973),
merged with and into The Greenwich Trust Company, Greenwich, Conn..
Northwestern National Bank in Philadelphia, Pa. 4 (14197), merged with and
into Broad Street Trust Company, Philadelphia
The Gainesville National Bank, Gainesville, N. Y. (5867), merged with and
into The Bank of Castile, N. Y.
The First National Bank of Madison, N. J. (2551), merged with and into
Madison Trust Company, Madison
The Bryn Mawr National Bank, Bryn Mawr, Pa. (3766), merged with and into
The Bryan Mawr Trust Company, Bryn Mawr
Effective
date
Capital
stock
(common)
Dec. 19,1953
$200,000
Dec. 31,1953
50,000
575,000
150,000
Feb. 8,1954
Feb. 26,1954
250,000
Mar. 31,1954
150,000
Aug. 2,1954
150,000
Sept. 1,1954
200,000
Sept. 10,1954
800, 000
Dec. 22,1954
50,000
Dec. 10,1954
100,000
Dec. 31,1954
Total (12 banks).
200,000
2,875,000
1
With 1 branch each in Chester and Marcus Hook.
2 With 1 branch in Clifton Heights.
3
With 1 branch in Burlington.
4
With 1 branch each in Philadelphia and Glenside.
TABLE N O . 7.—National banks converted into State banks under the provisions of
Public Law 706 {12 U. S. C. 214), approved Aug. 17, 1950, and the laws of the
States where the banks are located, durin'g the year ended Dec. 31, 1954, with the
effective date and the capital stock
Title and location of bank
Effective
date
American National Bank of Oak Cliff, Dallas, Tex. (14482), converted into
American Bank and Trust Company, Dallas
The First National Bank of Zeigler, 111. (12097), converted into The Bank of
Zeigler
._.
Aug. 9,1954
Total (2 banks).
Nov. 1,1954
Capital
stock
(common)
$200,000
50,000
250,000
52
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 8.—Purchases of State banks by national banks reported during the year
ended Dec. 31, 1954, with title, location, and capital stock of the State banks and
effective dates of purchase
Title and location of bank
Peoples National Bank of Washington in Seattle, Wash. (14394), purchased
the Grant County State Bank, Ephrata, Wash
_
Peoples First National Bank & Trust Company, Pittsburgh, Pa. (252), purchased the Washington Union Trust Company, Washington, Pa
Peoples National Bank of Washington in Seattle, Wash. (14394), purchased
the Othello State Bank, Othello, Wash
The First National Bank of Portland, Oreg. (1553), purchased—
the First Silverton Bank, Silverton, Oreg
the First Scio Bank, Scio, Oreg
the First Seaside Bank, Seaside, Oreg...
the First Sweet Home Bank, Sweet Home, Oreg
_.
the First Moreland-Sellwood Bank, Portland, Oreg
the First Corvallis Bank, Corvallis, Oreg
the First Monroe Bank, Monroe, Oreg-the First Carlton Bank, Carlton, Oreg
the First Ontario Bank, Ontario, Oreg
the First Yamhill Bank, Yamhill, Oreg
The United States National Bank of Portland, Oreg. (4514), purchased the
Oregon State Bank, Brookings, Oreg
The National Bank of Commerce of Seattle, Wash. (4375), purchased the
Farmers State Bank, Newport, Wash
The National State Bank of Elizabeth, N. J. (1436), purchased the Roselle
Park Trust Company, Roselle Park, N. J
First National Bank of Nevada, Reno, Nev. (7038), purchased the Farmers
Bank of Carson Valley, Inc., Minden, Nev
_
The United States Bank of Portland, Oreg. (4514), purchased the Johnston
Brothers, Bankers, Dufur, Oreg
The Bridgeville National Bank, Bridgeville, Pa. (14251), purchased The
McDonald Savings and Trust Company, McDonald, Pa
Mellon National Bank and Trust Company, Pittsburgh, Pa. (6301), purchased
The Rankin Bank, Rankin, Pa
The Fulton County National Bank and Trust Company of Gloversville,
N. Y. (3312), purchased the Northville Bank, Northville, N. Y
First Security Bank of Idaho, National Association, Boise, Idaho (14444),
purchased the Bruneau State Bank, Bruneau, Idaho
The Matewan National Bank, Matewan, W. Va. (10370), purchased the
Merchants and Miners Bank, Freeburn, Ky
The First National Bank of Portland, Oreg. (1553), purchased the First State
Bank of Waldport, Oreg
First National Bank of Mansfield, Ohio (2577), purchased the Shiloh Savings
Bank Company, Shiloh, Ohio
_
The Owensboro National Bank, Owensboro, Ky. (14138), purchased the
Bank of Whitesville, Ky
The Anglo California National Bank of San Francisco, Calif. (9174), purchased the First Savings Bank, Colusa, Calif
The First National Bank of Newark, Ohio (858), purchased The Union
Licking Bank, Newark, Ohio
The Cleveland National Bank, Cleveland, Tenn. (1666), purchased the
Hiwasse Bank, Charleston, Tenn
Peoples First National Bank & Trust Company, Pittsburgh, Pa. (252), purchased the Peoples Bank of California, Pa
Citizens National Bank of Elkins, W. Va. (12483), purchased the Bank of
Pickens, W. Va.
_._.
The Marfa National Bank, Marfa, Tex. (8674), purchased the Marfa State
Bank, Marfa, Tex...
The Valley National Bank of Phoenix, Ariz. (14324), purchased the Buckeye
Valley Bank, Buckeye, Ariz.
The Central National Bank and Trust Company, Attica, Ind. (3755), purchased The Newtown State Bank, Newtown, Ind
Peoples National Bank of Washington in Seattle, Wash. (14394), purchased
the Magnolia State Bank, Seattle, Wash
Peoples First National Bank & Trust Company, Pittsburgh, Pa. (252), purchased the Peoples Bank of Mariana, Pa...
._
The National Bank of Commerce of Seattle, Wash. (4375), purchased The
Citizens Bank of Blaine, Wash
_
_
Peoples First National Bank & Trust Company, Pittsburgh, Pa. (252),
purchased the Bank of Elizabeth, Pa_.
Total (38 banks).
Effective
date
Capital
stock
Dec. 31,1953
$200,000
Jan. 15,1954
250,000
Jan. 29,1954
50,000
Feb. 6,1954
do.
.do..
.do.,
.do..
-do..
-do.,
-do..
-do..
do.
150,000
50,000
150,000
125,000
175,000
350,000
30,000
50,000
75,000
75,000
Feb. 20,1954
75,000
do.
Apr.
50,000
2,1954
150,000
Apr. 10,1954
50,000
Apr. 24,1954
May
14,1954
do
May
25,000
125,000
50,000
28,1954
75,000
June 12,1954
25,000
do
25,000
July 24,1954
30,000
July 31,1954
100,000
Sept. 16,1954
25,000
Sept. 22,1954
150,000
Sept. 30,1954
200,000
do
40,000
Oct. 1,1954
125,000
Oct. 11,1954
25,000
Oct. 30,1954
50,000
Nov. 13,1954
50,000
Nov. 15,1954
25,000
Nov. 30,1954
100,000
Dec. 17,1954
25,000
....do
35,000
Dec. 18,1954
50,000
3,410,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
53
TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1954, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended
Capital
stock
$25,000
The Piedmont State Bank, Piedmont, Ohio, with
and Citizens National Bank of Flushing, Ohio
75,000
(14694), which had
consolidated Jan. 16,1954, under the charter and title
of the latter bank (14694). The consolidated bank
100,000
at date of consolidation had
_.,
.__.
Industrial Trust Company, Providence, K. I.i, with-.. 5,000,000
and The Providence Union National Bank, Provi3,250,000
dence, R. I. (1302), which had
_
consolidated Feb. 1, 1954, under the charter of the
latter bank (1302), and title "Industrial National
Bank of Providence." The consolidated bank at
10,000,000
date of consolidation had
50,000
The First National Bank of McClure, Pa. (7769), with..
and The First National Bank of Middleburgh,
50,000
Middleburg, Pa. (4156), which had
consolidated Jan. 27, 1954, under charter and title of
the latter bank (4156). The consolidated bank at
100,000
date of consolidation had
^
475,000
Great Neck Trust Company, Great Neck, N. Y., with.
and The Franklin National Bank of Franklin Square,
5,810,000
N. Y. (12997), which had
consolidated Mar. 5,1954, under charter and title of the
latter bank (12997). The consolidated bank at
6,190,000
date of consolidation had
The First National Bank of Sherrill, N . Y. (12884),
60,000
with
and The Oneida Valley National Bank of Oneida,
500,000
N. Y. (1090), which had
consolidated Apr. 2, 1954, under charter and title of
the latter bank (1090). The consolidated bank at
600,000
date of consolidation had
Deport State Bank, Deport, Texas, with
28,000
and The First National Bank of Deport, Texas
50,000
(6430), which had
consolidated Apr. 6, 1954, under charter and title of
the latter bank (6430). The consolidated bank at
date of consolidation h a d . . .
50,000
The Farmers & Citizens Savings Bank Company,
Germantown, Ohio, with
35,000
and The First National Bank of Germantown, Ohio
(86), which had
50,000
consolidated April 10,1954, under charter and title of
the latter bank (86). The consolidated bank at
100,000
date of consolidation had
348,837
Desert Bank, Cathedral City, Calif.2, with
and Citizens National Trust & Savings Bank of
3,360,000
Riverside, Calif. (8907), which had
consolidated Apr. 16, 1954, under charter and title of
the latter bank (8907). The consolidated bank at
3, 600, 000
date of consolidation had
100,000
The National Bank of Tuxedo, N . Y. (13895), with
and The Suffern National Bank and Trust Com350,000
pany, Suffern, N . Y. (5846), which had
consolidated Apr. 16, 1954, under charter and title of
the latter bank (5846). The consolidated bank at
500,000
date of consolidation had
100,000
Peoples Savings Bank, Santa Cruz, Calif, with
_.
and The Farmers and Merchants National Bank of
100,000
Santa Cruz, Calif. (10571), which had
consolidated May 14, 1954, under charter and title of
the latter bank (10571). The consolidated bank at
200,000
date of consolidation had
Rye Trust Company, Rye, N . Y., with
215,000
and The Rye National Bank, Rye, N . Y. (5662),
which had
_
500,000
consolidated May 14, 1954, under charter and title of
the latter bank (5662). The consolidated bank at
732,200
date of consolidation had
First National Bank and Trust Company of Amity225,000
ville, N. Y. (8873), with
and First Suffolk National Bank of Huntington,
N. Y. (6587), which had
775,000
consolidated June 11,1954, under charter and title of
the latter bank (6587). The consolidated bank at
940,000
date of consolidation had..
__
_._
See footnotes at end of table.
Undivided
profits
Total
assets
$25,000
$9,695
50,000
36,851
360,994
75,000
10,000,000
46, 546
7,967,717
1,005,431
312,095,441
6,750,000
2,032,319
168,092, 700
20,000,000
50,000
5,000,036
17,178
479,891,129
1,154, 553
250,000
41,063
3,145,942
300,000
490,000
58,241
4,300, 505
16,171,861
5,810,000
2,052,877
200,293,474
6,190,000
2,466,176
216, 465, 336
60,000
22, 509
2,305,981
460,000
102, 719
10,992,704
500,000
46,000
105, 228
8,350
13, 298, 685
621,982
42,000
12, 235
50,000
25,000
1, 277,443
35,000
61, 472
1,658,871
90,000
37,924
1,224, 947
150,000
195,242
59,395
3.403
2, 883,818
8,316,962
3,570,000
1,377,007
127, 729, 261
3,600,000
7,000
1,654, 489
696
135,461,695
1, 532,383
350,000
379, 689
11,171,059
500,000
150,000
299, 885
121,670
12, 703,442
5,434, 712
150,000
82,373
3,726,704
300,000
118,000
204,043
131, 499
9,161,416
6, 420, 506
175,000
158,881
14, 918,388
21,338,603
293,000
273,180
225,000
53, 590
9,638,924
800,000
342,925
30,053,848
1,100,000
381,515
39,692,773
54
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1954, under sections 1, 2, and 8 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
Surplus
The First National Bank of Beaver Springs, Pa. (5777),
with
,.
$25,000
$75,000
and The First National Bank of Middleburgh,
Middleburg, Pa. (4156), which had
100,000
300,000
consolidated June 30, 1954, under the charter of the
latter bank (4156), and the title "The First National
Bank of Middleburg, Pa.". The consolidated bank
at date of consolidation had
150,000
350,000
The Citizens National Bank of Alexandria, Va.3 (1716),
with
400,000
800,000
and The First National Bank of Alexandria, Va.
(651), which had
500,000
800,000
consolidated June 30, 1954, under the charter of the
latter bank (651), and the title "First and Citizens
National Bank of Alexandria". The consolidated
1,000,000
bank at date of consolidation had
2,000,000
The Camp Hill National Bank, Camp Hill, Pa.
(12380), w i t h . . . . . _
150,000
150,000
West Shore National Bank of Lemoyne, Pa. (13494),
100,000
with
100,000
and Cumberland County National Bank and Trust
Company, New Cumberland, Pa. (14542), which
had
.
200,000
200,000
consolidated July 2, 1954, under charter and title of
the last-named bank (14542). The consolidated
500,000
500,000
bank at date of consolidation had
.
The Fidelity Trust Company, Baltimore, Md., w i t h . . . 2,440,000
3,899,250
and Baltimore National Bank, Baltimore, Md.*
1,250,000
(13745), which had
4,250,000
consolidated July 16, 1954, under the charter of the
latter bank (13745), and title "Fidelity-Baltimore
National Bank & Trust Company". The consolidated bank at date of consolidation had.__
.. 3,000,000 10,000,000
Dallas National Bank, Dallas, Texas (14373), with
2, 500,000 2,500,000
and First National Bank in Dallas, Texas (3623),
which had
15,000,000 15,000,000
consolidated Aug. 7, 1954, under charter and title of
the latter bank (3623). The consolidated bank at
18,000,000 18,000,000
date of consolidation had.
The Dan Struble & Son Bank, Fredericktown, Ohio,
75,000
75,000
with
and The First-Knox National Bank of Mount Vernon,
375,000
375,000
Ohio (7638), which had
consolidated Aug. 14, 1954, under charter and title of
the latter bank (7638). The consolidated bank at
450,000
450,000
date of consolidation had
40,000
60,000
The Milroy Banking Company, Milroy, Pa., with
The McVeytown National Bank, McVeytown, Pa.
25,000
41,000
(8773), with
_
and The First National Bank of Lewistown, Pa.
400,000
300,000
(1579), which had
consolidated Aug. 28,1954, under charter and title of
the last-named bank (1579). The consolidated
635,000
365,000
bank at date of consolidation had
The First National Bank of Monongahela City, Monon500,000
150,000
gahela, Pa. (5968), with
and The First National Bank of McKeesport, Pa.
3,000,000
600,000
(2222), which had
consolidated Aug. 31,1954, under charter and title of
the latter bank (2222). The consolidated bank at
2,700,000
1,800,000
date of consolidation had.
50,000
50,000
The Farmers State Bank, Grass Lake, Mich., with . . .
and The National Bank of Jackson, Mich. (13741),
1,076,000
which had
924,000
consolidated Aug. 31,1954, under charter and title of
the latter bank (13741). The consolidated bank at
1,182,250
date of consolidation had
1,017,750
Hamilton National Bank of Washington, Washington,
3,500,000
2,000,000
D. C.,5 (13782), With
and The National Bank of Washington, Washington,
2,100,000
2,100,000
D. C. (3425), which had
consolidated Oct. 1, 1954, under charter and title of
the latter bank (3425). The consolidated bank at
4,100,000
5,600,000
date of consolidation had
See footnotes at end of table.
Undivided
profits
Total
assets
$10,014
$1,116,359
53,380
4,262,110
63,394
5,378,469
359,896
29, 271, 764
351, 570
16,910,633
211,466
46,182,397
69,145
4,804,191
52,305
3,003,665
144,331
9,891,124
163,094
1,891,861
17,770,602
123,946,829
1,023,907
133,517,125
1,758,888
1,452,494
257,411,110
94,409,433
6,386,355
548,093,159
6,838,849
641,723,644
72,928
2,931,528
394,234
14,103,596
467,162
24,590
16,998,368
1,009,824
11,103
1,075,768
350,902
8,429,697
252,595
10,515,289
212,932
12,172,599
757,754
49,584,309
720,687
89,951
61,756,908
2,095,996
366,289
42,376,552
356,240
44,401,436
1,589,762
115,540,454
1,988,945
111,205,156
3,578,707
226,745,610
REPORT OF THE COMPTROLLER OF THE CURRENCY
55
TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1954> undersections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
The Sellersville National Bank, Sellersville, Pa. (2667),
with
$75,000
and The Merchants National Bank of Quakertown,
Pa. (6465), which had
100,000
consolidated Oct. 1, 1954, under charter and title of
the latter bank (6465). The consolidated bank at
date of consolidation had
155,000
The Washington Loan and Trust Company, Washington, D. C.e,with. ._..
1,000,000
and The Riggs National Bank of Washington, D. C ,
Washington, D . C. (5046), which had
6,000,000
consolidated Oct. 1, 1954, under charter and title of
the latter bank (5046). The consolidated bank at
date of consolidation had
7,250,000
Guaranty State Bank, Topeka, Kans., with
100,000
and The Merchants National Bank of Topeka, Kans.
(3909), which had
1,000,000
consolidated Oct. 29, 1954, under charter and title of
the latter bank (3909). The consolidated bank at
date of consolidation had
1,200,000
The Westchester Bank and Trust Company, New
Rochelle, N. YJ, with
1,900,000
and The First National Bank & Trust Company of
Tuckahoe, N . Y. (10525), which had. _
500,000
consolidated Oct. 29,1954, under charter of the latter
bank (10525), and the title "National Bank of Westchester, White Plains". The consolidated bank at
date of consolidation had.
2,225,000
The First National Bank of Middleburgh, Middleburg,
N. Y. (2487), with
_.
100,000
and First National Bank of Canajoharie, N. Y. (1122),
which had
600,000
consolidated Oct. 29,1954, under charter of the latter
bank and title "Central National Bank, Canajoharie". The consolidated bank at date of consolidation had
700,000
The Connecticut River Banking Company, Hartford,
Conn., with
500,000
The Travelers Bank and Trust Company, Hartford,
Conn., with
500,000
and Hartford National Bank and Trust Company,
Hartford, Conn. (1338), which had
7,050,000
consolidated Oct. 29, 1954, under charter and title of
the latter bank (1338). The consolidated bank at
date of consolidation had
8,800,000
Continental-American Bank and Trust Company,
1,400,000
Shreveport, La.», with
and Commercial National Bank in Shreveport, La.
2,000,000
(13648), which had
consolidated Oct. 30, 1954, under charter and title of
the latter bank (13648). The consolidated bank at
3,725,000
date of consolidation had
The Allentown National Bank, Allentown, Pa. 9 (1322), v
l, 000,000
with
and The Second National Bank of Allentown, Pa.
450,000
(373), which had
consolidated Nov. 5, 1954, under charter of the latter
bank (373), and title "The First National Bank of
Allentown." The consolidated bank at date of con2,000,000
solidation had
The First National Bank of Inwood, N . Y. (12460),
350,000
with
and The Franklin National Bank of Franklin Square,
6,415,000
N . Y. (12997), which had
consolidated Nov. 12, 1954, under charter and title of
the latter bank (12997). The consolidated bank at
6,665,000
date of consolidation had.
National City Bank of Dallas, Texas (14572), with
1,000,000
and Republic National Bank of Dallas, Texas (12186),
which had..
26,040, 000
consolidated Dec. 11, 1954, under charter and title of
the latter bank (12186). The consolidated bank at
date of consolidation had
27,000,000
Bank of Hicksville, N . Y., with
.
200,000
and The Meadow Brook National Bank of Freeport,
N. Y. (7703), which had
.
3, 521,860
consolidated Dec. 17, 1954, under charter and title of
the latter bank (7703). The consolidated bank at
date of consolidation had
3,921,860
See footnotes a t end of table.
Surplus
Undivided
profits
Total
assets
$125,000
$69,980
$2,953,694
400,000
255,515
8,561,176
545,000
325,494
11,514,870
3,000,000
961,428
55,274,150
12,000,000
3,952,015
366,596,962
15,000,000
200,000
4,663,443
107,884
421,871,112
4,505,767
700,000
327,235
39,303,927
800,000
435,118
43,809,694
2,345,000
921,894
80,114,784
255,000
84,540
14,642,041
2,775,000
1,006,434
94,756,825
100,000
86,891
2,960,204
600,000
559,757
18,237,181
700,000
646,648
21,073,781
500,000
688,298
20,668,850
1,000,000
1,076,772
19,478,039
8,000,000
5,443,588
298,364,025
10, 200,000
5,758,658
338,266,841
700, 000
391,263
37, 690, 408
2,000,000
1,105,804
87,131,306
2, 775,000
578,285
124,302,932
2,700, 000
1,424,508
59,671,392
1, 500,000
502,680
17,974,444
4,000,000
1, 577,188
77,645,835
315,000
5,986
13,720,301
6,415,000
3,913,355
265,414,303
6, 665,000
1,000,000
4,084,341
813,708
279,134,604
48,539,276
33, 000, 000
1,380,080
696,873,948
33,000, 000
500,000
3, 233,789 740,841,805
174, 274 17,665,857
4,096,374
1, 266, 266 137,662,963
4,078,140
1,758, 775 155,328,820
56
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 9—Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1954, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
Bank of Sherrill, Ark., with
_
and The Simmons National Bank of Pine Bluff, Ark.
(6680), which had
consolidated Dec. 22, 1954, under charter and title of
the latter bank (6680). The consolidated bank at
date of consolidation had
__
The Telford National Bank, Telford, Pa. (9257), with..
and Union National Bank and Trust Company of
Souderton, Pa. (2333), which had
consolidated Dec. 31, 1954, under charter and title of
the latter bank (2333). The consolidated bank at
date of consolidation had
The Tarrytown National Bank and Trust Company,
Tarrytown, N. Y. (2626), with
and National Bank of Westchester, White Plains, N .
Y. (10525), which had
._
consolidated Dec. 31, 1954, under charter and title of
the latter bank (10525). The consolidated bank at
date of consolidation had
...
The Citizens National Bank of Jim Thorpe, Pa. (8446),
with
and The Jim Thorpe National Bank, Jim Thorpe,
Pa. (6534), which had
consolidated Dec. 31, 1954, under charter and title of
the latter bank (6534). The consolidated bank at
date of consolidation had
Fletcher Trust Company, Indianapolis, Ind.10, w i t h . . .
and American National Bank at Indianapolis, Ind.
(13759), which had
consolidated Dec. 31,1954, under charter of the latter
bank (13759), and title "American Fletcher National Bank and Trust Company." The consolidated bank at date of consolidation had
Surplus
Undivided
profits
Total
assets
$25,000
$25,000
$34,459
$1,242,430
1,000,000
1,000,000
1,224,995
39,483,304
1,200,000
100,000
1,200,000
250,000
909,454
45,798
40,725,733
3,519,377
200,000
700,000
294,076
8,583,158
300,000
950,000
339,875
12,102,536
200,000
152,500
64,943
7,684,824
2,225,000
2,775,000
1,159,706
101, 537,875
2,385,000
2,967,500
1,104,852
108,997,232
50,000
50,000
65,018
1,624,257
150,000
175,000
89,698
2,369,699
210,000
2,000,000
225,000
4,500,000
144,717
830,075
3,993,956
156,255,867
2,000,000
4,500,000
1,531,170
171,896,024
4,000,000
9,000,000
2,361,244
328,151,890
1
With 2 branches in Providence and 1 each inBristol, East Providence, Newport, Pascoag, Pawtucket,
Warren,
Westerly, Wickford, and Woonsocket.
2
With
1 branch each at Palm Springs and Indio.
8
With 2 branches in Alexandria.
* With 6 branches in Baltimore.
'With 8 branches in Washington, D . C.
6
With 1 branch in Washington, D. C.
7
With 4 branches in New Rochelle and 1 each in White Plains and Valhalla.
8
With 1 branch in Shreveport.
8
With 1 branch each in Emmaus and Allentown.
i° With 13 branches in Indianapolis.
TABLE N O . 10.—Mergers of national banks, or national and State banks, during
the year ended Dec. 31, 1954, under sections 4 o,nd 5 of the act of Nov. 7, 1918, as
amended
Capital
stock
East Rockaway National Bank & Trust Company,
East Rockaway, N . Y. (12818), w i t h . . . .
$100,000
and Ti e Meadow Brook National Bank of Freeport,
2,609,583
N . Y. (7703), which had
merged Jan. 22, 1954, under charter and title of the
latter bank (7703). The merged bank at date of
2,816,035
merger had
400,000
The First National Bank of Lansdale, Pa. (430), with..
and The Philadelphia National Bank, Philadelphia,
Pa. (539), which had
14,880,000
merged Feb. 20, 1954, under charter and title of the
latter bank (539). The merged bank at date of
merger had
(9
The Montgomery National Bank of Norristown, Pa.
(1148), with
200,000
and The Philadelphia National Bank, Philadelphia,
Pa. (539), which had
0)
merged Feb. 20, 1954, under charter and title of
the latter bank (539). The merged bank at date
of merger had
0)
See footnotes at end of table.
Undivided
profits
Total
assets
$200,000
$92,233
$5,036,069
2,609,583
761,389
104, 624, 686
2,500,000
1,700,000
1,056,754
614,457
109,660,755
17,315,884
41,120,000
17,384,271
818,218,369
0)
1,000,000
0)
308,777
0)
(0
0)
0)
0)
11,922,626
0)
57
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 10.—Mergers of national banks, or national and State banks, during
the year ended Dec. 31, 1954, under sections 4 ^nd 5 of the act of Nov. 7, 1918, as
amended—Continued
Chester-Cambridge Bank and Trust Company, Chester, Pa.2, with
_.and The Philadelphia National Bank, Philadelphia,
Pa. (539), which had
merged Feb. 20, 1954, under charter and title of the
latter bank (539). The merged bank at date of
merger had
The Lawrence-Cedarhurst Bank, Lawrence, N . Y.3,
with
_
and The Meadow Brook National Bank of Freeport,
N. Y. (7703), which had
merged Mar. 19, 1954, under charter and title of the
latter bank (7703). The merged bank at date of
merger had
The Ticonderoga National Bank, Ticonderoga, N . Y.
(9909), with
and The National City Bank of Troy, N . Y. (7612),
which had
merged Apr. 16, 1954, under charter and title of the
latter bank (7612). The merged bank at date of
merger had
The Citizens National Bank of Port Henry, N . Y.
(4858), with
and The National City Bank of Troy, N . Y. (7612),
which had
merged Apr. 23, 1954, under charter and title of the
latter bank (7612). The merged bank at date of
merger had
West Springfield Trust Company, West Springfield,
Mass., with
and The Third National Bank and Trust Company
of Springfield, Mass. (308), which had
merged June 25, 1954, under charter and title of the
latter bank (308). The merged bank at date of
merger had
L..
_.
First National Bank of St. Matthews, Ky. (14491), with.
and The First National Bank of Louisville, Ky.
(109), which had
merged July 23, 1954, under charter and title of the
latter bank (109). The merged bank at date of
merger had
Bank of Martinez, Calif., with
and The Bank of California National Association,
San Francisco, Calif. (9655), which had
merged Aug. 20, 1954, under charter and title of the
latter bank (9655). The merged bank at date of
merger had
.._The Bank of Eureka, Calif., with
and The Anglo California National Bank of San
Francisco, Calif. (9174), which had
merged Oct. 1, 1954, under charter and title of the
latter bank (9174). The merged bank at date of
merger had
Plattsburg National Bank & Trust Company, Plattsburg, N . Y.5 (5785), with
and The National Commercial Bank and Trust Company of Albany, N . Y. (1301), which h a d . . .
_.
merged Oct. 1, 1954, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
The First National Bank of Merrimac, Mass. (268),
with
and Merrimack National Bank of Haverhill, Mass.
(14266), which had
merged Oct. 29, 1954, under charter and title of the
latter bank (14266). The merged bank at date of
merger had
The First National Bank at Bessemer, Ala. (13789),
with
and The First National Bank of Birmingham, Ala.
(3185), which had
_.
merged Nov. 2, 1954, under charter and title of the
latter bank (3185). The merged bank at date of
merger h a d See footnotes at end of table.
Capital
stock
Surplus
Undivided
profits
Total
assets
$1,050,000
$1,050,000
$1,053,082
$30,388,225
C1)
0)
0)
0)
16,393,333
45,006,667
19,361,221
872,037,738
200,000
53,577
211,257
8,831,846
2,816,035
2, 500,000
1,145,231
109,729,705
3,015,065
2,500,000
1,411,035
118,561,551
50,000
56,863
600,000
2,000,000
1, 295,844
37, 473, 991
600,000
2,000,000
1, 280, 941
41,789,168
100,000
200,000
163, 566
3.151,928
600.000
2,000,000
1, 290, 400 42,055,163
600,000
2,000,000
1,313,926
250,000
385, 500
55, 657
12, 623, 224
1,500,000
4,000,000
2,888,259
83,186, 779
1,600,000
100,000
4, 000, 000
150,000
2, 860,882
85,117
94, 433, 276
8, 811, 546
2, 000,000
6,000,000
1,442,810
145,097,402
3,000,000
120,000
5, 500,000
250,000
1,277,927
182,049
153,913,495
8,832,250
* 200, 000
4,185,177
45,207,050
10, 200, 000 14, 800,000
3, 089, 036 431, 248,894
10,440,000
500,000
15,060,000
500, 000
3,149,604 437,621,801
756, 571 23, 635,586
20,000, 000 18,300,000
9,981,662 821,345, 488
21,000, 000 19,000, 000 10, 038, 233 844, 981,074
500,000
500,000
575,503
20,624,831
3, 000,000
7, 500, 000 3, 070, 603 187,425,307
3,000,000
7, 500,000
50,000
50,000
79,371
781,810
300,000
400,000
57,276
8,688,397
350,000
450,000
136,647
9,470,207
200,000
200,000
759,539
15,695,174
7,000,000
7,000,000
7, 221,418 311,845,213
7,370,000
7,200,000
7, 776,667 328,743,141
2, 616,106 207,913,402
58
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 10.—Mergers of national banks, ora national and State banks, during
the year ended Dec. 81, 1954, under sections 4 nd 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
Surplus
Undivided
profits
Total
assets
Bank of Albany, Ore., with
$100,000
$150,000
$118, 500 $7,179, 954
The Commercial Bank of Oregon, Hillsboro, Ore.,8
with
1,100,000 1,100,000
235,426 36, 071, 446
and The United States National Bank of Portland,
Ore. (4514), which had
16,000,000 16,000,000 16, 577,961 760,695,034
merged Nov. 29, 1954, under charter and title of the
latter bank (4514). The merged bank at date of
17,040,000 17, 410,000 16, 900, 687 800, 915, 535
merger had.
250,000
The National Bank of San Mateo, Calif. (9424), with....
250,000
409, 596 14, 528,393
and Crocker First National Bank of San Francisco,
Calif. (1741), which had
2,
938,915
447, 745,968
merged Dec. 31, 1954, under charter and title of the 8,000,000 19,156, 250
latter bank (1741). The merged bank at date of
merger had—
3,
504,
760
8,343,750 19,156, 250
462,274,361
1 Separate reports not required. Figures included in report after merger of Chester-Cambridge Bank
and Trust Company, Chester, Pa., with this bank.
2 With 1 branch at Marcus Hook.
3 With 1 branch at Woodmere.
* Includes $100,000 preferred capital stock.
« With 1 branch each at Au Sable Forks, Champlain, and Bouses Point.
6
With 1 branch each at Banks, Cloverdale, Hood River, Newberg, St. Paul, Sherwood, Tillamook,
Vernonia, West Slope, and Wheeler.
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1954
Branches authorized under act of Feb. 25,1927,
as amended
Charter
No.
Title and location of bank
Local
4250
11753
3041
3185
3981
The Anniston National Bank, Anniston
The Commercial National Bank of Anniston.
The First National Bank of Anniston
The First National Bank of Birmingham
The First National Bank of Florence
ALASKA
12072 The First National Bank of Anchorage..
14651 National Bank of Alaska in Anchorage..
ARIZONA
14324 The Valley National Bank of Phoenix
ARKANSAS
6680
The Simmons National Bank of Pine Bluff
.
CALIFORNIA
_
14568 Valley National Bank of Alhambra
8222 The Covina National Bank, Covina
11522 The First National Bank of Los Altos
__.
5927 Citizens National Trust & Savings Bank of Los Angeles
._
2491 Security-First National Bank of Los Angeles
_
6919 The First National Bank of Oroville
_
7279 The First National Bank of San Mateo County at Redwood City
8907 Citizens NationalTrust & Savings Bank of Riverside
3050 The First National Trust and Savings Bank of San Diego
9174 The Anglo California National Bank of San Francisco
13044 Bank of America National Trust and Savings Association, San Fran9655
1741
2158
13200
2104
cisco.
The Bank of California, National Association, San Francisco.
Crocker First National Bank of San Francisco._
The First National Bank of San Jose
_.
The Commercial National Bank of Santa Ana
First National Trust and Savings Bank of Santa Barbara
Other
than
local
Total
REPORT OF THE COMPTROLLER OF THE CURRENCY
59
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec.*81, 1954—Continued
Branches authorized under act of Feb. 25,1927,
as amended
Charter
No.
Title and location of bank
Local
CONNECTICUT
1338
709
2643
942
Hartford National Bank and Trust Company, Hartford.
The First National Bank of Litchfield
The City National Bank of South Norwalk, Norwalk
The National Bank of Norwalk
3425
5046
The National Bank of Washington
The Riggs National Bank of Washington, D. C.
DISTRICT OF COLUMBIA 1
INDIANA
The Central National Bank and Trust Company, Attica
Lincoln National Bank and Trust Company of Fort Wayne
The Calumet National Bank of Hammond
American Fletcher National Bank and Trust Company, Indianapolis.
The Indiana National Bank of Indianapolis
_
Merchants National Bank & Trust Company of Indianapolis
47 Terre Haute First National Bank, Terre Haute
3755
7725
14379
13759
KENTUCKY
109 The First National Bank of Louisville...
LOUISIANA
14228
14477
13648
The Calcasieu-Marine National Bank of Lake Charles..
National American Bank of New Orleans
Commercial National Bank in Shreveport
1437
1089
330
13710
The Merchants National Bank of Bangor..
The First National Bank of Biddeford
The First National Bank of Lewiston
National Bank of Commerce of Portland-_
4634
13745
11207
The First National Bank of Aberdeen
Fidelity-Baltimore National Bank & Trust Company, Baltimore
National Central Bank of Baltimore
615
2504
528
474
14266
13395
736
4771
308
1274
Rockland-Atlas National Bank of Boston
The Brockton National Bank, Brockton
The Framingham National Bank, Framingham
First National Bank & Trust Company of Greenfield
Merrimack National Bank of Haverhill
The Barnstable County National Bank of Hyannis
The First National Bank of Provincetown..
Somerville National Bank, Somerville
The Third National Bank and Trust Company of Springfield-.
The Martha's Vineyard National Bank of Tisbury
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
The Birmingham National Bank, Birmingham
Industrial National Bank-Detroit
The Manufacturers National Bank of Detroit
National Bank of Detroit
The National Bank of Jackson
Michigan National Bank, Lansing
The National Bank of Richmond
Second National Bank and Trust Company of Saginaw.
1 One branch also authorized for 1 nonnational bank in the District of Columbia.
13703
14443
13738
13671
13741
14032
13793
1918
Other
than
local
Total
60
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81^ 1954—Continued
Branches authorized under act of Feb. 25,1927,
as amended
Charter
No.
Title and location of bank
Local
MISSISSIPPI
3258
The First National Bank & Trust Company of Vicksburg..
7038
First National Bank of Nevada, Reno, Nev.
NEVADA
NEW JERSEY
12706
12891
13363
12660
4274
1436
13946
14457
1113
329
5981
12903
12524
2509
1327
The First National Bank of Allendale
Allenhurst National Bank and Trust Company, Allenhurst
Asbury Park National Bank and Trust Company, Asbury Park
The First National Bank of Bloomingdale
_
The Boonton National Bank, Boonton
The National State Bank of Elizabeth
First National Bank in Garfield
Haddonfield National Bank, Haddonfield..__
The First National Iron Bank of Morristown
._
First National Bank and Trust Company of Paterson
The First National Bank and Trust Company of Paulsboro
Pennsauken National Bank, Pennsauken.
The Perth Amboy National Bank, Perth Amboy
The First National Bank of Toms River, N. J., Toms River
The First-Mechanics National Bank of Trenton
14577
Lovington National Bank, Lovington..
1301
1189
1122
12746
12997
9019
7703
3312
6587
468
12550
1461
1090
471
1312
5846
13393
7612
11881
10525
13882
13319
The National Commercial Bank and Trust Company of Albany
The City National Bank of Binghamton
Central National Bank, Canajoharie
The Chappaqua National Bank, Chappaqua
The Franklin National Bank of Franklin Square
The National Bank of Fredonia.
The Meadow Brook National Bank of Freeport
The Fulton County National Bank and Trust Company of Gloversville.
First Suffolk National Bank of Huntington
The National Bank of Newburgh
The Jamaica National Bank of New York
The National City Bank of New York
The Oneida Valley National Bank of Oneida
_-.
The First National Bank and Trust Company of Ossining..
The Farmers and Manufacturers National Bank of Poughkeepsie.The Suffern National Bank and Trust Company, Suffern.
Lincoln National Bank and Trust Company of Syracuse—
The National City Bank of Troy
Valley Stream National Bank and Trust Company, Valley Stream.
National Bank of Westchester, White Plains..First National Bank in Yonkers.
Central National Bank of Yonkers._
..
13985
13761
14676
14433
6744
10608
The Concord National Bank, Concord
The Citizens National Bank of Durham
The Guilford National Bank of Greensboro
_
Security National Bank of Greensboro
_
First National Bank of Jacksonville.
Commercial National Bank of Kinston
The First National Bank of Lincolnton
The Planters National Bank & Trust Company of Rocky Mount.
14579
183
975
13905
6566
First National Bank of Akron
The First National Bank of Ashland...
The Farmers National Bank and Trust Company of Ashtabula..
The Central National Bank at Cambridge
First National Bank of Cambridge
_
NEW MEXICO
NEW YORK
NORTH CAROLINA
Other
than
local
Total
EEPORT OF THE COMPTROLLER OF THE CURRENCY
61
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1954—Continued
Branches authorized under act of Feb. 25,1927,
as amended
Charter
No.
Title and location of bank
Local
OHIO—continued
24
4318
1788
10
2604
13944
829
10373
2577
7638
858
7781
973
1553
4514
The First National Bank of Cincinnati
_
_.
Central National Bank of Cleveland
_
The Merchants National Bank and Trust Company of Dayton.
The Third National Bank and Trust Company of Dayton
The Winters National Bank and Trust Company of Dayton
Greenville National Bank, Greenville_
_
The Second National Bank of Hamilton.
_
..
The Central National Bank of London
First National Bank of Mansfield...
The First-Knox National Bank of Mount Vernon.
The First National Bank of Newark
_
The Security Central National Bank of Portsmouth
The Farmers National Bank of Salem.
The Peoples National Bank of Steubenville.
The First National Bank of Portland.
The United States National Bank of Portland
PENNSYLVANIA
373
8656
8421
2137
14251
717
12526
10232
573
5019
1233
4923
5501
9541
6534
3063
680
1579
3997
2222
4156
2223
14542
2581
539
6301
252
649
1663
6465
8764
2333
13196
The First National Bank of Allentown
_
_
The First National Bank of Ashley
The Blue Ball National Bank, Blue Ball.
_
The National Bank of Boyertown...
_
The Bridgeville National Bank, Bridgeville.
_
_
The Farmers National Bank of Bucks County, Bristol
The Cheltenham National Bank, Cheltenham
The First National Bank of Claysburg.___
_
The Doylestown National Bank and Trust Company, Doylestown..
DuBois National Bank, DuBois
The Easton National Bank, Easton
The Farmers National Bank of Ephrata...
The Grove City National Bank, Grove City—_
The Harleysville National Bank and Trust Company, Harleysville-.
The Jim Thorpe National Bank, Jim Thorpe
The Peoples National Bank and Trust Company of Langhorne
Lebanon National Bank, Lebanon
The First National Bank of Lewistown
_
The Union National Bank of Mahanoy City
_
_-.
The First National Bank of McKeesport
The First National Bank of Middleburg, Pa
The First and Farmers National Bank and Trust Company of Montrose
_
Cumberland County National Bank and Trust Company, New Cumberland
_
_
The Peoples National Bank of Norristown
The Philadelphia National Bank, Philadelphia
Mellon National Bank and Trust Company, Pittsburgh
Peoples First National Bank & Trust Company, Pittsburgh
The Miners' National Bank of Pottsville
_
The Pennsylvania National Bank and Trust Company of Pottsville. _.
The Merchants National Bank of Quakertown
The McDowell National Bank of Sharon
Union National Bank and Trust Company of Souderton
Upper Darby National Bank, Upper Darby
RHODE ISLAND
1492
1302
The Newport National Bank, Newport..
Industrial National Bank of Providence..
SOUTH CAROLINA
2044
10655
The South Carolina National Bank of Charleston
The Merchants and Planters National Bank of Gaffney
13640
1666
14710
14657
336
13349
The First National Bank in Bristol
The Cleveland National Bank, Cleveland
First Farmers and Merchants National Bank of Columbia..
The Kingsport National Bank, Kingsport
The First National Bank of Memphis
Union Planters National Bank of Memphis
TENNESSEE
350642—55
5
Other
than
local
Total
62
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1954—Continued
Branches autho rized under act of Feb* 25,1927,
as amended
Charter
Title and location of bank
No.
Local
Other
than
local
Total
VIRGINIA
651
6782
1111
6084
First and Citizens National Bank of Alexandria
The First and Merchants National Bank of Radford
First and Merchants National Bank of Richmond
Farmers and Merchants National Bank, Winchester
1
1
3
1
1
1
3
1
WASHINGTON
7474
13439
4686
4375
14394
11280
The Bellingham National Bank, Bellingham
The National Bank of East Stanwood
The First National Bank of Everett
The National Bank of Commerce of Seattle
Peoples National B ank of Washington in Seattle
Seattle-First National Bank, Seattle
Total (189 banks)
1
1
2
1
132
2
1
1
1
1
1
4
2
1
234
366
1
TABLE NO. 12.—Number and class of branches of national banks closed during the
year ended Dec. 81, 1954
Branches closed
Branches under act
Charter
No.
Title and location
of banks
Manner of closing
Feb. 25, 1927, as State bank
amended
branches
in operation
Feb.
Additional
25, 1927, Total
offices
which
were
Branches
which be- authorized converted
came
or
consolisince
Feb.
branches
dated
25, 1927
Feb. 25,
1927
CALIFORNIA
11522
8907
13044
14045
2104
The First National Bank of Shareholders
Los Altos.
Citizens National Trust and Board of directors
Savings Bank of Riverside.
do Bank of America National
Trust and Savings Association, San Francisco.
First National Bank in Santa Shareholders
Ana.
do
.
First National Trust and Savings Bank of Santa Barbara.
1
1
1
1
30
30
1
1
1
1
1
1
2
2
KENTUCKY
109
The First National Bank of
Louisville.
Board of directors.
MARYLAND
13745
742
Fidelity-Baltimore National .. do _
Bank & Trust Company,
Baltimore.
Carroll County National Bank . . . . do
of Westminster.
1
1
MASSACHUSETTS
1274
The Martha's Vineyard National Bank of Tisbury.
do ....
1
1
MICHIGAN
14443
Industrial
Detroit.
National
Bank-
do
1
1
REPORT OF THE COMPTROLLER OP THE CURRENCY
63
TABLE NO. 12.— Number and class of branches of national banks closed during the
year ended Dec. 31, 1954—Continued
Branches closed
Charter
No.
Title and location
of banks
Manner of closing
Branches under act
Feb. 25, 1927, as State bank
amended
branches
in operation Feb.
Additional
25, 1927,
offices
Branches which were
which be- authorized
converted,
came
Feb. or consolibranches since
dated
25,1927
Feb. 25,
1927
NEBRASKA
The Live Stock National Bank
of Omaha.
Shareholders.
NEW JERSEY
13363
2509
Asbury Park National Bank
and Trust Company, Asbury Park.
The First National Bank of
Toms River, N . J., Toms
River.
Board of directors.
do
NEW YORK
11033
Plattsburg National Bank &
Trust Company, Plattsburg.
The Nassau County National
Bank of Rockville Centre.
13613
The National Bank of Burlington.
3639
The Atlas National Bank of
Cincinnati.
The National City Bank of
Cleveland.
The First National Bank of
Jackson.
5785
Shareholders.
do
NORTH CAROLINA
..do..
OHIO
786
1903
do
Board of directors.
OREGON
3458
The First National Bank of
Eugene.
Shareholder s.
PENNSYLVANIA
332
14122
14197
252
1663
13823
The First National Bank of
_do.
Chester.
Clifton Heights National Bank.
_do..
Clifton Heights.
Northwestern National Bank
.do.
in Philadelphia.
Peoples First National Bank Board of directors.
& Trust Company, Pittsburgh.
The Pennsylvania National
do
Bank and Trust Company
of Pottsville.
The First National Bank at Shareholders.
Wilkinsburg.
TENNESSEE
336
13349
The First National Bank of
Memphis.
Union Planters National Bank
of Memphis.
Total (28 banks)
Board of directors.
66
TABLE NO. 13.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 31, 1953 and 1954
[In thousands of dollars]
Cash, balances with
other
banks,
Real
Loans and U. S. Govincluding
estate
discounts, ernment
Other
reserve
assets
obligaincluding
bonds
with
rediscounts t i o n s and
Federal
and over- direct and securities Reserve
drafts guaranteed
banks
Deposits
Loans and securities
Number of
banks
Total
Total
assets
Capital
stock
Surplus,
profits
and
reserves
Total
Demand
Time
1953
Banks"with deposits of—
$500,000 and under..
$500,001 to $750,000.
$750,001 to $1,000,000$1,000,001 to $2,000,000
$2,000,001 to $5,000,000
$5,000,001 to $10,000,000
$10,000,001 to $25,000,000
$25,000,001 to $50,000,000
$50,000,001 to $100,000,000
$100,000,001 to $500,000,000...
$500,000,001 and over
4,219
7,940
26
21,659
44,243
84
44,344
88,921
118
406,104
927,986
731
1,741 4,850,485 1,998,620
1,000 5,844, 706 2,323.218
678 8,482,699 3,340,138
235 6,482, 682 2, 540,074
108 5,868,281 2, 499,800
122 19,395,221 9,109,691
21 30,161, 215 15,656, 279
12,608
3,005
4,562
100
716
61,306
18,853
16,704
320
3,731
119,020
37,443
29,208
786
7,134
1, 239,042
447,304
301,866
8,434
74,578
6,350,307
2,341, 547 510.318 1,444, 574 50,323
2,819, 775 701,713 1,674,896 63, 751 7, 591,809
4,156,927
985,634 2,430,025 108,928 11,040,199
8,609, 707
3,208, 635 733,973 2,023,843 83,066
7,978, 412
2, 789,066
579,415 2,010,849 74,090
8, 784, 435 1,501,095 7, 254,682 234,850 27,000,192
10,981, 773 3, 523,163 9,354,309 265, 340 40,114,097
1,022
9,158
810
10,761
4,362
41,993
2,668
54,166
8,677
78,474
4,363
105,631
82,190
803,966
36, 453
1,117,257
367,310
146,822
5,816,976 3,997.409
398, 208 7,007,005 4, 735, 557
155,046
225, 895 510, 831 10, 230,836 6, 871, 907
164, 245 353, 762 8,026,534 5, 786,075
154. 576 324, 589 7,418,061 5, 725,361
495,199 1,104,361 25,096,002 20, 551,358
915, 680 1, 952, 447 36,064,004 27, 588, 526
1,603
12,173
27,157
313, 291
1.819,567
2, 271,448
3.358, 929
2, 240,459
1,692,700
4, 544,644
8,475,478
4,864 82,154,379 37,944,146 35, 588, 763 8,621,470 26, 545, 518 889, 988 110,116,699 2,301, 757 5,107, 759 100,947, 233 76,189, 784 24, 757,449
Total
1954
Banks with deposits'of—
$500,000 and under
$500,001 to $750,000- _
$750,001 to $1,000,000
$1,000,001 to $2,000,000.
$2,000,001 to $5,000,000
$5,000,001 to $10,000,000
$10,000,001 to $25,000,000
$25,000,001 to $50,000,000
$50,000,001 to $100,000,000...$100,000,001 to $500,000,000...
$500,000,001 and over
Total
27
76
123
702
1,671
1,008
689
237
115
125
23
8,378
40,853
93,298
903,028
4, 738. 507
5,989.150
8,888,170
6, 746,412
6,435,419
21, 204, 782
33, 711,939
3,989
20,480
45,305
404, 259
1,962,319
2,432,244
3, 516,457
2,672,297
2,681, 772
9,880,394
16,208,162
729
3.660
3,306
17,067
7,191
40,802
77,218
421, 551
2,263, 211 512,977
2,838, 260 718,646
4,337,608 1,034,105
3,335,193 738,922
3,071, 564 682,083
9, 579.880 1, 744,508
13, 598,203 3, 905,574
4,745
14, 502
30,608
280,871
1,348, 974
1, 653, 571
2,354,306
1,858,884
1,951,886
7,101,147
9,122,403
1,145
1,165
11,079
272
13,408
2,518
4,195
48,928
319
55, 721
4,844
9,836
110,073
963
125,059
34,832
83, 404 1,072, 772
1,193,326
8,723
142,935
372, 012 5,610,911
6,143, 523
50,864
422,121
7,107,157
7, 719, 246 156,923
68,186
233,047
550, 771 10, 521,161
115,604 11,378,149
171,247
374,012
8,096,389
87, 785 8, 716,013
164,612
351,852
7,892,978
8,494,760
81,971
532, 573 1, 201,647 26.627,951
257, 513 28,687,220
304, 453 43,624,144 1,041,168 2, 247.383 39, 046, 414
9,520
37,841
82, 220
759, 749
3,820,422
4, 763,686
7,032, 995
5, 711,649
5,941, 718
21, 564,625
29,291,880
1,559
11,087
27,853
313,023
1, 790,489
2, 343, 471
3, 488,166
2, 384, 740
1,951,260
5,063,326
9, 754, 534
4,796 88, 759,936 39,827,678 39, 506,999 9,425,259 25,721,897 976,653 116,150, 569 2,485,844 5,618, 398 106,145,813 79,016,305 27,129,508
REPORT OF THE COMPTROLLER OF THE CURRENCY
65
TABLE N O . 14.—Number of national banks in United States and possessions with
surplus fund equal to or exceeding common capital stock, and the number with
surplus fund less than common capital stock 191+2 to 1954
Number
of banks
Banks with surplus Banks with surplus
equal to or exceeding
less than common
common capital stock
capital stock
Number
June 30, 1942
Dec. 31,1942
June 30, 1943..__
Dec. 31, 1943
June 30, 1944..._.
Dec. 30,1944
June 30, 1945
Dec. 31, 1945
June 29, 1946
Dec. 31, 1946
June 30, 1947....
Dec. 31, 1947....
June 30, 1948....
Dec. 31, 1948.-.
June 30, 1949....
Dec. 31, 1949....
June 30, 1950....
Dec. 30, 1950—.
June 30, 1951.._.
Dec. 31, 1951... _
June 30, 1952...
Dec. 31,1952.. .
June 30,1953....
Dec. 31, 1953....
June 30, 1954...
Dec. 31, 1954.. .
5,107
5,087
5,066
5,046
5,042
5,031
5,021
5,023
5,018
5,013
5,018
5,011
5,004
4,997
4,993
4,981
4,977
4,965
4,953
4,946
4,932
4,916
4,881
4,864
4,842
4,796
2,115
2,205
2,275
2,434
2,576
2,749
2,946
3,180
3,318
3,531
3,637
3,773
3,820
3,963
4,003
4,132
4,148
4,236
4,242
4,324
4,327
4,398
4,368
4,406
4,400
4,417
Percent
41.41
43.35
44.91
48.24
51.09
54.64
58.67
63.31
66.12
70.44
72.48
75.29
76.34
79.31
80.17
82.96
83.34
85.32
85.65
87.42
87.73
89.46
89.49
90.58
90.87
92.10
Number
2,992
2,882
2,791
2,612
2,466
2,282
2,075
L, 843
1,700
1,482
1,381
1,238
1,184
L, 034
990
849
829
729
711
622.
605.
518
513
458
442
379
Percent
58.59
56.65
55.09
51.76
48.91
45.36
41.33
36.69
33.88
29.56
27.52
24.71
23.66
20.69
19.83
17.04
16.66
14.68
14.35
12.58
12.27
10.54
10.51
9.42
9.13
7.90
66
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 15.—Dates of reports of condition of national banks, 1914 to 1954
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p . 150]
Jan.
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
1948
1949
1950
1951
1952
1953
1954
Feb. Mar. Apr. May
13
4
4
7
5
4
4
-_
-_ .
28
21
June
1
1
1
10
12
4
28
10
-_ _-
5
3
31
6
12
_.
23
28
..
_- __
-
27
27
25
5
4
4
31
7
29
26
4
4
-- .
13
.- -
20
12
11
24
9
_
_
31
20
15
30
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
30
30
30
30
30
30
30
July
Aug.
Sept.
Oct.
12
2
12
11
31
Nov. Dec.
10
17
20
1
17
15
31
12
8
6
15
14
10
28
10
3
4
24
29
30
25
17
1
28
2
24
18
30
6
1
4
10
5
30
7
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
31
31
30
31
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 Tuesday 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 tc
the Comptroller and publish periodic reports of condition. (5 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. 16
ASSETS AND LIABILITIES OF NATIONAL BANKS ON
APRIL 15, JUNE 30, OCTOBER 7, AND DECEMBER 31, 1954
BY STATES AND TERRITORIES
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. 31, 1954
ALABAMA
[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 .
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
71 banks
71 banks
71 banks
71 banks
364,996
369,048
2
113, 286
16, 645
368,802
2
116, 874
16, 570
373,402
423,376
2
115, 797
18,059
386,730
412,354
2
116,204
22,413
1,829
136, 290
22, 253
1,835
112, 989
21,839
1,873
139,817
22,496
1,888
128,220
19,970
145, 561
8,349
1,112
140, 523
8,501
1,451
150, 572
8,837
454
154,304
10,628
440
421
629
2,367
1,447
415
695
2,423
1,537
358
486
2,574
3,171
354
756
2,424
1,664
1,184,235
1,163,145
1,261,274
1,258,351
225, 799
5
31,647
108,320
1,068,170
836,7U
281, 426
225,233
10
47, 928
96,121
93,213
7,650
1,162,737
931,171
231,566
11,874
1,158,982
928,963
280,019
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 de-posits
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.
649, 500
642, 517
221,845
10
26,075
106,882
76,624
9,481
1,090,417
862.708
227.709
224,425
10
34, 212
87, 402
72, 616
92,077
50
50
50
50
897
4,134
4,946
859
1,002
3,961
4,737
1,171
4,026
5,778
3,987
5,708
1,696
1,101,303
1,079, 091
1,173,969
1,171,389
24,602
36,335
17,867
4,128
24, 615
37, 597
17,020
4,822
24, 615
37, 717
19,497
5,476
25,210
38,284
17,722
5,746
84,054
87,305
86,962
1,184,235
1,163,145
1,261,274
1,258,351
146,768
160,844
203,228
191,122
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus. ._
Undivided profits.
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
70
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, 1954—Continued
ALASKA
[In thousands of dollars]
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Apr. 15,
1954
June 30,
Oct. 7,
1954
1954
6 banks
6 banks
6 banks
Dec. 31,
1954
6 banks
22,443
44,005
23, 762
44,760
24, 535
51,006
26, 637
52,187
3,979
4,174
3,948
3,674
4,864
3,722
4,505
12,881
6,309
14, 648
4,347
17,081
5,513
11, 479
5,734
3, 084
1,385
4, 331
1,435
50
3,025
1,409
123
4,455
1,497
64
1
177
101,085
112, 922
108, 464
38,432
41, 703
47, 376
43,007
19, 689
10
20,375
13,133
1,450
636
93, 725
55,880
37,845
20, 811
10
20,493
11, 923
832
697
96, 469
57, 903
38,566
22, 613
10
23,022
12, 690
1,318
808
107,837
64, 951
42,886
22, 480
10
24, 220
12,168
1,054
616
103,555
61, 956
41,599
117
143
121
77
14
162
154
30
201
111
11
93,991
96, 681
108,183
103, 878
Capital stock: Common stockSurplus
Undivided profits
Reserves
1,478
1,569
1,022
333
1,478
1,569
1,019
338
1,478
1,569
1,355
337
1,478
1,685
1,043
380
T O T A L CAPITAL ACCOUNTS
4,402
4,404
4.739
4,586
101,085
112, 922
108, 464
29, 399
31, 516
33,068
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
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
Income earned or accrued but not collected
Other assets
T O T A L 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-T O T A L LIABILITIES
CAPITAL ACCOUNTS
T O T A L LIABILITIES AND CAPITAL ACCOUNTS,
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
28,357
REPORT OP THE COMPTROLLER OF THE CURRENCY
71
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
ARIZONA
[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 outstandingIncome earned or accrued but not collected
__.
Other assets
Total assets
_
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
3 banks
3 banks
3 banks
3 banks
190,106
156, 548
35
35, 982
7,900
203,300
144,943
35
205,090
153,840
6,563
38,020
7,313
231,002
152,188
4
30,374
12,653
745
44,455
8,460
745
45, 259
8,714
895
35, 599
8,787
46, 654
8,987
34, 338
6,655
276
34,368
6,704
250
32,946
7,143
549
41,349
7,007
626
975
86
1,651
760
975
197
2,138
673
975
95
2,146
624
975
70
2,112
1,045
488,972
489,197
494,022
535,941
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
285, 248
270,607
265,134
301,554
104,999
10
110,615
10
10,362
46, 432
8,651
5,398
452,075
339,486
112,589
112, 564
10
19,620
36,072
9,771
6,223
449,394
334,858
114,536
116, 252
10
11,476
42, 869
12, 793
7,201
4§2,155
373,925
118,230
197
5,070
1,978
134
95
5,257
3,280
1,561
70
5,121
3,594
159
461,201
459,454
459, 587
501,099
9,925
14, 925
2,921
9,925
14, 925
4,893
10,925
18,925
4,585
10,925
18,925
4,992
37,373
9,031
6,977
452,546
345,577
106,969
86
5,344
• 2,616
609
CAPITAL ACCOUNTS
Capital stock: Common stock,.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
29, 743
34,435
34,842
488,972 I
27,771
489,197
494,022
535,941
83,336
85,804
90,144
84,873
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
___
72
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, 1954—Continued
ARKANSAS
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
53 banks
53 banks
53 banks
53 banks
ASSETS
Loans and discounts (including overdrafts)
XJ. 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 _
166,462
147, 784
169, 321
147, 252
155, 096
179, 405
168,675
184,686
48, 235
50, 600
4,966
52, 246
5,927
51,117
6,253
853
55,406
8,678
891
53, 027
8,927
920
57, 484
8,723
936
58, 410
8,855
72, 979
2,919
13
80,909
3,070
28
87, 521
3,451
53
88,779
4,384
50
74
587
545
74
708
690
75
684
858
75
499
221
510, 344
520, 463
552, 443
572, 940
296,855
293, 438
304, 635
327, 488
24
6,471
38, 769
45, 619
2,641
467,076
389, 714
77,362
78, 929
24
8,382
46, 208
47,188
2,603
476, 772
397,023
79, 749
80,824
24
13, 668
49, 040
57,192
2,314
507,697
425, 581
82,116
83,294
24
10,144
42,138
60, 754
4,136
527, 978
443,428
84,550
100
1,495
1,436
3
170
1,379
1,223
233
1,469
1,627
2
1,424
1,607
324
470,110
479, 777
510, 795
531,333
12,220
16,430
9,855
1,729
12, 970
17, 555
8,409
1,752
12,970
17,706
9,319
1,653
13,170
18,681
7,952
1,804
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 b u t not earned--.
Expenses accrued a n d unpaid
Other liabilities
_
Total liabilities
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus,..
_
Undivided profits.
_._
Reserves
._
._
Total capital accounts
Total liabilities and capital accounts
40, 234
40, 686
41, 648
41,607
510, 344
520, 463
552, 443
572, 940
34,030
37, 711
45, 597
48,126
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
REPORT OF THE COMPTROLLER OF THE CURRENCY
73
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
CALIFORNIA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Doc. 31,
1954
90 banks
87 banks
85 banks
73 banks
5,659,687
3,901,884
17,137
880, 592
256,252
5, 649,952
4,089, 541
17,146
890,906
275,426
5,515,313
4,712,788
124
953,810
280,931
5,711,531
4,829,669
2,177
906, 231
283,076
31,527
1, 428, 222
102,172
31,499
1,423, 749
111, 560
31,648
1,409,333
103,446
31,892
1,476,767
100,791
852,162
105, 498
1,731
876,197
106,857
1,684
788,458
109,993
1,636
982,757
110,326
1,810
26,102
37,939
34,958
16,422
26, 573
44, 637
49, 736
14, 578
26,879
41,572
48, 718
14, 576
27,617
87, 566
42, 575
14.331
_. 13,352,285
13,610,041
14,039, 225
14, 609,116
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
.
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
Income collected b u t not earned
__.
Expenses accrued and unpaid
_
Other liabilities
Total liabilities-
5,491,296
5,444,635
5, 765,301
6,055, 630
4,764, 676
238
227, 480
971, 583
515, 239
223, 529
12,194,041
6,685,346
5,508,695
4,911,833
233
320,975
1,050,182
536,170
233, 271
12,497,299
6,851,115
5,646,184
5,020,176
233
453,449
838, 271
559, 710
208,977
12,846,117
7 082,282
5,061,803
233
263,374
1,126,542
580,260
283,600
13,371,442
7,554,318
5,817,124
30,800
4,500
10
10
40, 535
51,653
96,656
156, 744
46,068
46,870
65,781
149, 579
12, 570,439
12,810,107
42,129
47,631
109, 589
167,805
13, 231, 331
348
262, 518
262,866
341,041
167, 703
10, 236
348
263,038
263,386
340,231
185,711
10,606
341,225
189,972
11,081
781,846
799, 934
807,894
826,510
13,352, 285 13,610,041
14,039,225
14,609,116
2,088,443
2,109,947
5,763,835
18,050
10
88,772
48,053
96,962
177,372
13,782,606
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
265,616
267, 561
267, 561
347,608
200,913
10,428
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
-
1,917,454
1,878,019
74
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, 1954—Continued
COLORADO
[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..
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
77 banks
77 banks
77 banks
77 banks
346,320
408,369
334,542
428,030
347,316
480,217
369,238
457,109
31,406
11,181
36,202
11,851
36,677
12,272
1,444
124, 221
13,407
32,246
11,208
1,463
130,420
13, 779
1,469
131,594
13,807
1,549
143,218
13,087
135, 249
3,781
43
140, 964
3,688
32
140, 688
3,809
29
147,032
3,520
160
240
2,240
1,104
240
1,998
1,107
240
2,304
639
220
2,214
730
1,079,005
1,099,717
1,170,165
1,187,026
601,263
604,852
652, 672
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
D eposits 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.
225,164
228,378
235,268
10
10
10
22, 556
35,139
36, 780
64,033
63,385
62,608
81,107
84, 661
96,360
7,878
7,634
8,153
1,002,011 1, OH, 059 1, 091,851
758,367
837,210
776,989
H6
2546^1
H7, 070
680, 569
236,258
10
27,536
57,139
94,256
9,845
,105,613
850, 084.
255,529
2,100
1,511
3,837
75
1,496
3,842
102
1,622
4,243
59
1,728
5,121
107
1,009,534
1,029,499
1,097,775
1,112, 569
18, 780
29,214
17,156
4,321
18,830
29, 757
16,875
4,756
18, 905
29,838
18,586
5,061
19, 655
31,813
18,876
4,113
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
69,471
70,218
72,390
74,457
1,079,005
1,099,717
1,170,165
1,187,026
136,273
135,430
145, 924
139,710
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
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, 1954—Continued
CONNECTICUT
[In thousandsjof dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
44 banks
44 banks
43 banks
43 banks
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by IT. 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 estateowned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets-
332,342
328, 280
12
94,098
15, 948
345,966
328,536
12
95,028
16, 707
354,028
345, 573
12
96,349
16, 218
362, 225
376, 983
12
99, 767
16, 541
1,620
97, 604
16,946
1,670
89,115
23, 829
1,663
87, 907
20, 826
1,831
88,169
23, 287
106, 704
10, 739
296
118,818
10,822
245
105,033
10, 888
226
992
1,477
665
1.222
734
116,934
11, 209
394
3
1,344
696
1,006,271
1,032,890
1,040, 679
1,099,395
605,397
609,222
619, 770
680,176
195, 883
15
33, 759
196,882
15
48, 591
41,895
25. 458
29', 035
951, 098
751, 334
199, 764
197, 248
15
43, 757
42,002
25, 737
26,303
954, 832
755, 362
199, 470
211,878
15
31,929
36, 462
23, 592
25, 858
1,009,910
796, 076
1,725
150
3,200
200
3, 493
4,497
1,383
3,582
4,241
1,950
3,649
5,473
761
3
3,832
6,566
1,779
935, 245
981,021
967, 915
1,022, 290
24,468
29, 239
12, 750
4,569
24,807
30, 569
12, 737
3,756
24, 607
30, 428
13, 930
3,799
26,457
32, 992
14,076
3,580
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,.
36, 692
23, 536
28,
924,
726,
198,
865
W
048
099
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts-
71,026
1,006, 271
71,869
1,032, 8
72, 764
77,105
1,040, 679
1,099,395
105,112
104,263
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
109,334
106,460
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, 1954—Continued
DELAWARE
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
10 banks
10 banks
10 banks
10 banks
12,314
11,601
12,548
11,056
12,577
12,196
12,569
13, 570
1,823
1,043
2,110
842
2,145
852
2,255
756
99
3,348
677
99
3,159
855
99
3,300
750
99
3,371
686
1,442
543
1
33
1,692
534
1
6
39
2,320
545
1
3
41
2 368
524
2
2
33
32,924
32,941
34, 829
36, 235
15,697
15,451
16,970
18,276
11,958
12,271
12,506
12,542
349
244
339
337
339
379
325
28,573
16,541
12,032
330
220
17
310
28,599
16,253
12,346
100
100
1
1
2
28
3
1
40
28,675
28,729
30, 483
31, 922
1,010
2,285
881
73
1,010
2,285
841
76
1,010
2,306
954
76
1,010
' 2,360
862
81
1954
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
hanlr
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
Trirovrnp. Aarnp.d or ancnied h n t not f»ollfictfid
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
Expenses accured and unpaid
Other liabilities
Total liabilities
328
SO, 480
17,801
12,679
345
31,881
19,165
12,716
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
„
_
Total liabilities and capital accounts
4,249
4,212
4,346
4,313
32,924
32,941
34,829
36,235
1,070
1,070
1,171
1,172
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes . .
REPORT OF THE COMPTROLLER OF THE CURRENCY
77
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 195fy—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars]
Loans and discounts (including overdrafts)
XJ. 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.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
9 banks
9 banks
8 banks
8 banks
252,057
321,043
250,535
321,100
283,954
337,616
300,865
327,710
25,098
11, 254
25,322
13,723
35,970
17, 549
32,071
17,528
1,157
119, 271
14,161
1,157
101,662
12,497
1,323
118,212
14,097
1,339
120,730
12,764
61,059
9,984
427
716
570
74, 560
10,034
475
659
459
66,967
11, 701
90
957
972
87,296
11,839
90
804
913
816,797
812,183
889,408
913,949
539,293
527,868
563,296
598,748
124,898
1,025
31,590
117
56,863
10,327
148,202
1,025
629,817
134,796
129,921
1,025
37,060
84
53, 735
10,077
759,770
619,951
1S9,819
158,765
151,348
1,025
33,993
126
54,975
12, 482
852,697
690,786
161,911
757
2,945
1,525
763
2,831
599
500
829
3,551
2,637
200
841
4,627
1,674
769,340
763,963
834,628
860,039
14,300
24,250
7,472
1,435
14,800
24,250
8,013
1,157
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
764, US
46,494
91
58,136
9,867
827,111
66886
,4
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
16, 550
28,100
8,787
1,343
16, 550
28,100
8,338
922
47,457
48,220
54,780
53,910
816, 797
812,183
889,408
913,949
59,459
58, 544
75,804
63,199
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
350642—55
6
78
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, 1954—Continued
FLORIDA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
69 banks
71 banks
74 banks
76 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 b u t not collected
Other assets
Total assets .
460,908
802,162
468,392
762, 397
491, 580
796, 495
113,924
14, 370
119, 862
20,427
2,760
204, 408
31, 296
2,825
174,912
32, 726
125,278
20, 238
2,937
189,063
30,914
291, 792
20, 441
916
292, 751
20, 675
991
237,387
21, 642
348,971
22,376
750
75
7
4,196
2,129
75
19
4,432
1,865
139
39
4,361
'2, 242
75
27
4,323
2,472
566,174
802,844
6
132, 647
20,927
3,044
180, 576
33, 613
1,949,384
1, 902, 349
1, 923, 263
2,118, 825
1,094, 251
1,047, 504
1,058, 583
1,133,983
255,165
66
36, 994
226,112
189,413
14, 708
1,816,709
1,525,729
266,139
66
44, 997
204, 589
189,127
14, 865
1, 767,287
1,457,378
296, 291
66
64, 531
174, 402
166, 228
14,046
1,774,147
1,423,222
350,925
307,968
66
39,189
229, 401
237, 518
21, 614
U 969, 739
1, 603,180
366,559
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
De mand 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
3,200
35
35
34
7
7,143
7,398
227
19
7,349
6,270
39
8,879
9,078
585
1,831, 519
1, 781, 826
1, 795, 962
34
27
9,121
9, 307
1,064
1, 989, 292
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.
40,350
42,850
200
44, 275
200
45,350
40,350
42,850
4,475
45, 550
51, 530
16,768
9,217
52,145
16,117
9,411
53, 460
19,878
57, 226
16, 935
9,822
117,865
120, 523
1, 949,384
1,902, 349
1,923, 263
2,118,825
436,085
440, 295
472,234
504, 797
127,301
129, 533
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
._
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. 31, 1954—Continued
GEORGIA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
52 banks
52 banks
52 banks
52 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' liabilities on acceptances outstanding
Income earned or accrued but not collected
Other assets
477,952
311, 568
299, 213
473, 391
370, 503
522,075
341,836
16,066
77, 394
17,117
81,038
18, 520
81, 604
18, 930
1,804
145, 258
16, 713
1,812
144, 457
17, 620
1,814
143, 815
17, 514
1,819
122, 568
15,488
145,103
14,315
66
172,866
14, 268
77
2,097
1,576
2,326
1,441
147, 901
14, 242
84
355
2,286
1,577
197, 740
14, 584
58
415
1,945
1,686
1, 273,040
1,320, 748
653,132
680, 111
694,283
167, 595
171, 574
944
846
34,068
43,890
84, 425
117, 698
145, 750
146, 788
6,615
4,722
1,105,528 1,138,650
931,956
960,541
173,572
178,109
174, 223
846
49, 709
80, 577
181,136
5,819
',172, 421
990,592
181,829
174,372
849
37, 637
103,008
188,173
20, 714
1,219,036
1,037,251
181,785
Total assetsLIABILITIES
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..
666,131
405
774
7,547
4,956
184
7,389
4,544
1,057
355
7,656
5,604
155
415
7,955
5,990
1,118,620
1,152,414
1,186,191
1, 234,332
23,773
35,326
12,602
12,077
23, 773
35, 535
12,162
13,005
23, 773
35, 535
14, 448
13,093
23, 773
35, 739
12,450
14,454
83, 778
84, 475
1, 273,040
1,320, 748
226,736
209,998
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
86,416
MEMOEANDUM
Assets pledged or assigned to secure liabilities and for
196,478
217,099
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. SI, 1954—Continued
THE TERRITORY OF HAWAII
[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 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
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets._
_.
Total assets.
A p r . 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
lbank
1 bank
1 bank
lbank
8,824
2,563
85, 541
56, 718
7
9,813
2,563
87, 334
61,744
7
9,454
2,559
61,721
7
9,671
2,559
18,911
9,615
94
20, 111
11, 414
16,345
11,131
79
17,643
12,188
7,144
2,577
15
4
483
334
8,931
2,569
15
6
672
229
5,883
2,685
15
8
754
293
9,834
2,746
15
198,991
198,683
198,305
205, 567
59,698
57,904
61, 285
67,123
82,173
10
16,484
19,207
3,201
2,455
183,228
93,222
90,006
82, 593
10
16, 981
19,141
1,586
5,427
183,61,2
93, 559
90, 083
83, 438
10
19, 416
12,815
1,458
3,858
182,280
94,277
88,003
86, 807
10
17,370
13,837
2,286
2,463
189,896
98,688
91, 208
323
126
558
28
137
588
337
164
827
92
184,217
184,360
183,350
190,979
4,000
6,000
2,599
2,175
4,000
6,000
2,147
2,176
4,000
6,000
2,780
2,175
4,000
7,000
1, 413
2,175
86,473
61,952
562
144
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
103
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts.
14,774
14,323
14,955
14, 588
198,991
198,683
198,305
205, 567
56,121
61,004
64,016
i9, 506
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes.
REPORT OP THE COMPTROLLER OF THE CURRENCY
81
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
IDAHO
[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
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets-.
Total assets.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
11 banks
11 banks
11 banks
11 banks
165,889
148,268
7
9,244
1,203
154,850
157,977
7
9, 751
1,184
166,941
166, 924
7
10,634
1,322
174,663
170,198
15
11, 278
1,627
500
40, 879
5,131
500
35,304
5,603
517
40, 717
5,115
550
36, 654
5,117
21,938
3,810
45
74
228
24,187
3,831
63
15
16
244
23, 655
3,890
62
15
51
304
29,883
3,946
7
15
32
200
397, 216
393, 532
420,154
434,185
195,935
188, 615
219,447
217, 239
116,817
11
5,779
47,383
2,981
2,209
371,115
253, 088
118,027
119, 367
11
7,836
48,334
3,424
2,132
369, 719
2^9,237
120, 482
120,692
11
12,145
34, 600
4,095
3,146
394,1S6
272,269
121,867
124, 726
11
7,598
50,903
4,362
2,552
407,391
281, 505
125, 886
1,473
171
15
863
1,175
41
15
941
2,107
138
15
950
2,005
376, 693
371,813
397,337
410,454
8,025
8,645
3,336
517
8,025
9,200
3,866
628
8,025
9,225
4,434
1,133
9,025
9,645
3,952
1,109
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..
3,000
CAPITAL ACCOUNTS
Capital stock: Common stock-.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts.
20, 523
21, 719
22, 817
23,731
397, 216
393, 532
420,154
434,185
92,092
90,188
91,885
93,567
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
82
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, 1954—Continued
ILLINOIS
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
388 banks
389 banks
390 banks
389 banks
3,325,364
4,122,049
32
594, 531
214, 269
3,334,639
4,350,050
12
570,023
204,096
3,195,296
4,919,167
12
579.117
212,371
3,513,665
4,766, 726
95
606,982
213,981
17, 705
1, 455,134
94,274
18,094
1,488,032
97, 556
18,054
1,361,808
94, 518
19,137
1,394,439
90,417
968,641
35,284
544
1,012,717
35,746
571
901,879
36,651
524
1,061,841
36,797
404
1,206
4,241
26,476
14,443
1,151
4,191
28,905
8,417
1,406
2,593
27,813
7,567
1,383
3,804
25,181
7,273
10,874,193
11,154,200
11,358,776
11,742,125
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
_. 5,675,196 5, 514,391
Time deposits of individuals, partnerships, and cor2,353,157 2,409,057
porations.1,237
1,237
Postal savings deposits
258, 563
423,134
Deposits of U. S. Government
486,470
608,403
Deposits of States and political subdivisions
1,161,904 1,260,402
Deposits of banks
_
85,745
102, 506
Other deposits (certified and cashiers' checks, etc.)
10,022,272 10,819,130
Total deposits
7,586, 05 A 7,773,232
Demand deposits
2,486,218
Time deposits
2,545,898
Bills payable, rediscounts, and other liabilities for
16,560
borrowed money
300
Mortgages or other liens on bank premises and other
real estate
53
Acceptances executed by or for account of reporting
4,241
4,331
banks and outstanding
21,391
20,124
Income collected but not earned
52, 248
37,815
Expenses accrued and unpaid
_
16,033
16,117
Other liabilities
Total liabilities
10,132,813
5,607,925
6, 202,258
2,455,941
2,404,311
1,236
1,236
296,757
477,102
592,836
546,271
1,302, 535
1,256,105
85,912
105,805
10,471,857 10,864,373
7,923,861 8,268,187
2,547,996
2,596,236
18,900
53
53
3,020
20,833
53,916
13,630
4,364
20, 574
55,083
13,818
10, 397,870 10, 582, 209
10,958,265
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
1,500
8
257,037
258,545
322,934
105,470
54,431
1,500
8
257, 804
259,812
330,701
109,011
57,306
1,500
8
259,549
261,057
123, 583
58,321
1,500
8
271, 544
273,052
360,156
91,839
58,813
741,380
756,330
776, 567
783,860
10,874,193
11,154,200
11,358, 776
11,742,125
919,913
1,124,401
1,125,456
1,062,866
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, 1954—Continued
INDIANA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
124 banks
124 banks
123 banks
123 banks
634,486
999, 798
24
101, 468
33, 478
637, 607
998, 660
24
102, 896
33, 612
633,057
1,054, 701
10
109,967
30,892
653,828
1,051, 721
10
107,121
27,988
3,023
252, 867
41, 918
3,162
244, 415
43,191
3,169
245, 969
39, 111
3,231
239,315
232, 746
16, 512
202
250, 474
16, 926
128
215, 645
17,127
181
306, 252
16, 732
188
21
20
4,317
2,096
23
64
4,447
1,856
22
4,394
1,444
22
74
3,693
1,750
2, 322, 976
2,337, 485
2, 355, 689
2,451,791
1,138, 740
1,113, 232
1,146, 775
1,255, 709
578, 691
2,254
53,048
254,367
105, 220
31, 492
2,163,812
1,578,031
585,781
565, 051
2,280
70, 776
285, 970
110,127
30, 333
2,177,769
1, 605,258
572,511
562, 827
2,255
110, 523
216, 745
126,044
24, 557
ft, 189.726
1,619,313
570, 413
560, 826
2,282
61,955
238, 808
127, 473
38,109
£, 285,162
1, 716, 668
568. 494
500
200
550
20
7,455
5,649
766
64
7,408
6,040
1,760
7,426
7,172
1,021
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
74
7,470
8,922
1,447
2,178, 202
2,193, 241
2, 205, 895
2,303,075
25
37,153
37,178
63, 432
37,000
7,164
25
41,003
41,028
25
40, 978
41,003
64, 636
36,387
7,768
25
41,028
41,053
66, 413
32,382
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
64, 536
31, 553
7,127
144, 774
144, 244
149, 794
148, 716
2,322,976
2,337,485
2, 355, 689
2, 451, 791
193,812
197, 585
236, 323
216, 613
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
84
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, 1954—Continued
IOWA
[In thousands of dollars]
Apr. 15,
1954
June 30,
Oct. 7,
Dec. 31,
1954
1954
1954
96 banks
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
_.
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets._
._
Total assets .
271,918
323,748
283,296
308,783
254,226
374,798
276,273
335,124
74,768
13,201
76.312
13,360
78,615
13,800
79,062
14,022
1,215
102,119
13, 225
1,221
96,734
13,409
1,231
105, 298
12,033
1,251
92,554
12,350
104,971
4,834
56
107,470
4,876
115,870
4,986
116
120,862
5,035
176
1,186
117
1,502
509
1,171
87
1,421
507
1,175
91
1,605
486
1,147
117
1,275
376
913,369
908,706
964,330
939,624
443,509
448,401
456,661
460,985
177,229
53
21,164
91,795
109,103
5,391
848,2U
668,624
179,620
181,233
54
22,736
84,473
102,399
5,422
844,718
661,881
182,837
183,205
55
32,711
85,008
133,402
5,745
896,787
711,951
184,836
186,477
55
26,789
61,997
122,926
14,052
873,281
685,115
188,166
1,300
550
700
117
1,161
1,708
4
87
1,192
1,333
44
91
1,447
2,029
23
117
1,243
1,794
215
852,534
847,924
901,077
876,650
15,363
25,215
16,759
3,498
15,413
25,400
16,309
3,660
15,413
25,827
18,191
3,822
15,663
26,189
16,806
4,316
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 ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
._
Total capital accounts
_.
Total liabilities and capital accounts
60,835
60,782
63,253
62,974
913,369
908,706
964,330
939,624
63,315
63,826
73,754
63,572
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
85
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
KANSAS
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
172 banks
170 banks
170 banks
170 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
317,382
404,323
94
85,941
19, 232
289, 447
443,883
94
94,176
23,033
321,831
439, 676
72
92, 018
24, 529
360,800
423,373
72
95,017
24,863
1,486
136, 727
12, 991
1,503
138, 249
13, 853
1,548
132,033
13, 664
1,605
134,920
12, 641
128, 577
158
165,337
5,635
178
138, 296
5,658
205
168, 232
5,648
115
50
1,493
614
50
1,522
1,003
50
1,656
467
208
1,576
1,177, 963
1,171, 703
1, 229, 762
658, 558
682,079
679,301
132, 713
39
32, 976
143, 555
92, 654
6,226
1,090, 242
953,162
137,080
133,973
39
29,978
198, 606
96,161
9,848
1,147,906
1,009,492
138,414
1,114, 764
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
128,019
39
25,153
170, 581
82, 918
6,841
1,087,186
905,326
131,860
130,304
39
30, 706
175,135
98, 542
6,996
1,100,280
965,532
134,748
1,050
1,714
2,808
156
40
1,768
2,326
357
1,890
3,419
103
500
1,821
3,385
317
1,042, 914
1,104, 771
1,095, 654
1,153, 929
20,930
29, 269
19, 761
l,8S0
20, 855
29, 605
20, 797
1,935
21, 855
29, 899
22, 270
2,025
22,130
31, 824
19, 714
2,165
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
71, 850
1,114, 764
73,192
1,177, S
76,049
1,171, 703
75,833
1, 229, 762
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
213, 951
223, 442
226, 425
240,114
86
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banksf by States, at date of each call during year
ended Dec. 31, 1954—Continued
KENTUCKY
[In thousands of dollars]
Apr. 15,
1954
June 30,
Oct. 7,
1954
Dec. 31,
1954
1954
91 banks
91 banks
89 banks
89 banks
231, 221
284,300
4
31,328
10,106
231,488
271,065
4
32, 892
11,441
233,387
284,478
33,166
11,605
240,651
307,791
4
32,825
11, 295
1,333
89,609
14,702
1,333
80,896
14,965
1,345
78,377
14,755
1,386
86,528
15,537
73, 777
5,882
64
79,815
5,840
42
70,729
6,037
42
123,879
5,999
46
173
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.
195
195
1,012
394
1,115
675
1,182
530
194
4
1,218
453
743,905
731,766
735,832
827,810
459,011
440, 980
447,156
512,576
125,839
15
17,063
35,937
36,879
5,659
129,352
15
24,014
32, 745
36,767
6,515
670,388
536,842
133,546
130, 229
15
22,615
32,675
32,800
128,593
15
18, 462
37, 032
59, 956
6,681
763,315
627,485
135,830
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
_
551,126
129,277
2,260
395
1,937
1,856
525
Total liabilities..
671,858
534,456
137,402
285
135
1,901
1,581
831
712
4
1,879
2,515
902
675,096
677,110
768,750
16,025
28,558
10,220
1,867
16, 975
28,108
11,604
2,035
17, 275
29,436
10, 208
2,141
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
16,025
28,333
10,729
1,837
56,924
56,670
58, 722
59,060
743,905
731,766
735,832
827,810
66,042
68,238
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
68,004
REPORT OF THE COMPTROLLER OP THE CURRENCY
87
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
LOUISIANA
[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.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
39 banks
39 banks
40 banks
40 banks
423,352
587,978
83,898
6,800
423,712
591,063
422,647
672,919
488,373
666,271
84, 033
7,049
90, 609
6,212
96,178
6,920
2,617
197,828
17,649
2,617
198,731
21,088
2,682
205, 271
20,134
2,241
198, 514
19,086
179,839
12,369
115
207,677
12, 224
71
190, 600
12,332
148
255, 571
12,562
131
596
5,323
4,129
1,764
597
3,650
4,645
1,696
597
2,727
3,801
1,774
566
3,878
4,483
1,412
1, 524, 257
1,558,853
1,632,453
1, 756,186
788,019
791,020
814,851
875,882
204,082
45
26,655
207,557
169,077
18,169
1,413,604
1,205,605
207,999
207, 995
46
30,983
230,158
184,598
13,380
1,458,180
1,247,202
210,978
209,847
46
44,590
242,011
197,399
19,780
1,528,524
1,315,954
212,570
217,663
51
31, 352
257,696
243, 553
21, 363
1,647,560
1,427,334
220,226
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
8,000
4,680
2, 209
7,289
1,314
6,829
2,168
5,519
3,952
2,156
5,255
610
1,436,408
1,470,153
1, 540, 798
1,663,052
22, 588
46,665
18,120
476
22, 588
47,015
18,464
633
22,688
48, 708
19,822
437
24,413
50,427
17,640
654
3,055
2,201
6,253
765
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts..
Total liabilities and capital accounts
87,849
88, 700
91,655
i3,134
1, 524, 257
1, 558,853
1,632,453
1,756,186
344,471
352,809
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_.
398,994
88
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, 1954—Continued
MAINE
[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..
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
31 banks
31 banks
31 banks
31 banks
105,894
80,232
11
11,463
9,377
108, 843
82,426
18
13, 556
9,208
111, 373
91, 085
16
13,159
9,357
110, 613
89, 408
56
11, 292
600
24,219
5,702
603
24,197
6,858
603
25, 784
6,722
605
24, 566
5,856
22, 488
2,542
35
23, 490
2,745
58
23, 812
3,005
26, 042
3,053
152
238
273
435
229
299
371
238
332
317
365
263, 509
272, 901
285, 872
281,865
120, 749
126, 783
131, 755
130, 732
89,452
7
4,783
91,177
7
9,201
12, 259
9,079
3,154
256,632
164,613
92,019
90, 777
7
5,951
13,179
9,059
2,753
252, 458
160, 884
91,574
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
7,705
3,266
234,824
145,059
89,765
89, 661
7
6,918
8,944
8,862
3,287
244,462
154,80S
90,159
Bills payable, rediscounts, and other liabilities for
borrowed money
Income collected b u t not earned
Expenses accrued and unpaid
Other l i a b i l i t i e s . . . .
.
1,009
659
174
100
983
563
332
971
765
184
858
365
237, 046
246, 440
258, 552
254, 667
9,515
10,202
5,905
841
9,565
10,327
5,563
1,006
9,590
10, 329
1,015
9,590
10, 476
5,918
1,214
26, 463
26, 461
27, 320
27,198
263, 509
272, 901
285, 872
281, 865
23,070
23,102
25, 273
21, 625
Total liabilities.
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus..
Undivided profits..
Reserves.._
Total capital accounts...
_
_
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OP THE COMPTROLLER OF THE CURRENCY
89
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1954—Continued
MARYLAND
[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.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31
1954
58 banks
58 banks
58 banks
58 banks
245,678
306,118
246,019
314,574
298,505
386,210
305,121
376,690
52, 595
11,898
52,908
11, 753
56,716
13,879
56,979
16,249
1,384
102,083
12, 509
1,385
89,381
15,276
1,628
116,058
17,354
1,650
107,297
15,512
81,959
6,347
85,125
6,186
14
83, 710
7,310
130
104,765
7,766
159
400
177
1,360
624
400
199
1,239
871
400
55
1,743
2,318
507
42
1,658
1,917
823,161
825,330
986,016
996,312
423,756
417,326
488,786
531,328
163,454
165,790
202,169
200,463
34,253
72,527
60,409
3,895
758,294
578, 901
179,393
37,546
73,650
62, 852
3,554
760, 718
584,537
176,181
53, 604
85,985
75,462
3,468
909,474
697,614
211,860
40,482
74,285
70,119
4,931
921,608
710, 569
211, 039
800
400
900
300
177
1,077
953
199
1,100
581
1,159
55
1,846
1,672
204
42
1,811
2,696
946
761,499
764,157
914,151
927,403
14,960
31,155
10,663
4,884
14,960
31,341
10,027
4,845
16, 710
37,100
12,069
16,210
39,693
9,047
3,959
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 ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits
Total capital accounts...
Total liabilities and capital accounts
61,662
61,173
71,865
823,161
825,330
986,016
996,312
135,905
132,261
164,923
152,807
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
-
90
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, 195'4—Continued
MASSACHUSETTS
[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
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
114 banks
114 banks
113 banks
112 banks
1,354,791
1,001,668
122
150,348
60,886
1,409,912
987, 321
122
162,124
57,128
7,250
436, 445
43,362
7,258
425, 278
53, 565
7,263
447, 726
46,310
7,283
418, 219
44,052
279,389
29,773
313
274,045
30,067
346
257, 342
30, 661
191
337,877
31,171
234
332
27,902
8,410
7,137
326
31, 728
9,005
5,138
26, 555
8,694
4,593
317
34, 465
7,292
6,061
3, 408,128
3,453,363
3,612,875
3,684,055
1,922,018
1,935,183
1,996, 335
2,141,073
452, 671
1,555
174, 823
158,953
388,164
41,480
8,218,981
2,724, 633
489,848
436, 646
1,555
109,912
171,850
383,152
44,581
8,288, 769
2,812,673
476,096
1, 399, 553
1,125, 764
2,695
205,038
50,152
1,456, 534
1,134,049
2,695
154, 669
49,137
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..
436,613
1,555
445,318
1,556
140,001
169,199
166,382
335,180
335, 604
49,934
46,303
8,007, 764 8,070,847
2,551,990 2,601,822
455,774
468,525
22, 856
100
16,075
1,520
29,675
11,299
19, 716
8,744
33, 522
11,260
14, 556
13,837
27,925
11,203
19, 765
10,142
36, 518
11,155
21,302
11,121
3,100,054
3,143,629
3, 299,091
3,370,385
53
82,941
82,994
159,118
53,030
18,642
53
82,991
83,044
160,068
52,028
18, 530
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
53
82,591
82, 644
158, 474
48, 319
18, 637
53
82, 791
82,844
158,983
49, 421
18, 486
308,074
309, 734
313,784
313, 670
3,408,128
3,453,363
3,612,875
3,684,055
235,203
262,460
318,381
265, 718
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
91
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
MICHIGAN
[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-
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
77 banks
77 banks
77 banks
77 banks
1,120,882
1, 532,121
6,459
260, 536
28,224
1,116,199
1,598,283
6,459
268,949
29,695
1,126,718
1,690,780
15
291,885
29, 596
1,204,685
1,664, 643
21
273,295
26.909
5,268
422,395
54,716
5,273
387,631
62, 672
5,311
391, 689
56,326
5,687
386,866
51,228
306,294
24, 855
284
331,424
25, 475
300
253,471
26,608
308
345,883
27, 510
352
448
145
10,332
4,452
458
175
10,328
4,989
473
13, 711
4,165
450
154
8,662
3,911
3, 777,411
3,848,310
3,891,056
4,000,256
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
1,810,203
1,852,233
1,789,023
1,973,002
1,128,997
40
148, 643
177,640
176,190
25, 776
3, 467, 489
2,316,074
1,151, 415
1,149,390
40
182,107
170,216
206,247
32, 978
3, 593,211
2,419,425
1,173,786
1,154,623
40
173,217
192,998
204,309
25,631
1,163,057
35
151,046
206, 920
195, 926
31,654
3, 721,640
2,515,875
1,205,765
58,000
200
80,250
82
97
97
96
145
21,705
20,139
2,341
175
21,960
20,427
3,915
22,984
29,129
2,468
154
23,340
27,701
2,906
3,569,901
3,639,985
3,674,769
3,775,837
1,000
58,278
59,278
105,976
35,090
7,166
1,000
58,278
59,278
106,172
35,251
7,624
1,000
58, 757
59,757
106,938
42,159
7,433
2,344,190
1,195,651
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
1,000
59,557
60,557
118,887
36,896
8,079
207, 510
208,325
216,287
224,419
3, 777,411
3,848,310
3,891,056
4,000,256
348,711
315,856
347,428
283, 774
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes. _
92
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, 1954—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 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..
Apr. 15,
June 30,
Oct. 7,
1954
1954
1954
177 banks
177 banks
178 banks
896,753
723,411
884,154
761,512
871,444
914,932
148,927
39,492
151,091
42,318
152,415
38,702
909,939
862,358
10
159,319
48,248
275,872
22,345
3,775
282,385
24,197
3,806
286,080
21,909
3,988
278,893
21,682
277,195
10,902
411
295,791
10,930
422
284,497
11,242
476
320,309
11,225
414
3,813
810
6,478
1,783
3,806
947
6,525
1,563
4,097
794
6,795
1,495
4,061
921
6,327
1,522
2,412,000
2,469,416
2, 598,684
2,629, 216
1,072,080
1,055,001
1,149,125
1,234,389
552,294
67
52,306
163,804
313,566
21,831
2,175,948
1,617,550
558,398
557,038
68
89, 437
217,017
332,985
18,831
2,270,877
1,705,880
564,497
568,311
68
95,448
170, 519
386,933
22, 532
2,892,936
1,814,870
678,066
574,721
68
66,045
151,903
372,923
24, 213
2,424,262
1,839,026
585,236
42,150
4,100
3,000
500
810
13,581
12,218
2,534
947
13,455
11,054
2,648
794
13,726
14,292
2,474
921
13, 260
15,087
2,788
2,247, 241
2,302, 581
2,427, 222
2,456,818
75
25
40,955
41,055
84,820
27,523
13,437
75
25
41,155
41,255
85,651
31,165
13,391
75
25
41,155
41,255
92,330
26,351
12,462
171,462
Dec. 31,
1954
178 banks
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, a n d other liabilities for
borrowed money
_
Acceptances executed b y or for account of reporting
banks and outstanding
_
Income collected b u t not earned.._
._
Expenses accrued and unpaid
__
Other liabilities
Total 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
75
25
40,430
40,530
84,631
26,739
12,859
164,759
166,835
2,412,000
2,469,416
406,883
402,493
172,398
2,629,216
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
422,770
376,390
REPORT OF THE COMPTROLLER OF THE CURRENCY
93
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1954—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
Investments and other assets indirectly representing
bank premises or other real estate
Income earned or accrued but not collected
Other assets
Total assets.
Apr. 15,
1954
June 30,
1954
Oct. 7,
25 banks
25 banks
25 banks
82,901
77, 519
82.980
72,454
74, 260
92,353
81,441
89,027
32, 535
681
32, 515
497
32, 903
552
33,339
563
24,882
5,793
500
24, 601
5,605
513
25,053
5,506
517
25, 774
5,288
2,565
44
37,017
2,534
29
40, 650
2,452
103
44,686
2,470
101
47
175
500
39
178
500
45
208
500
59
178
266,443
259,449
275,098
283, 943
136,241
131,145
140,054
147, 538
49,308
50, 561
51, 712
52,322
7,142
35,160
18,838
975
247,664
197,586
50,078
5,619
34,381
17, 536
1,191
240,433
189,102
51,331
8,219
32,844
21,827
475
255,131
202,650
52, 481
7,100
31, 214
25,410
993
264,577
211,386
53,191
457
17
399
320
178
439
539
42
514
582
170
248,526
241,330
256,151
265,843
5,353
11,271
1,106
187
5.353
11, 751
857
158
5,353
11, 779
1,649
166
5,353
12, 224
267
256
1954
Dec. 31,
1954
25 banks
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 b u t not earned
Expenses accrued a n d unpaid
Other liabilities...
Total liabilities..
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
_.
Reserves
Total capital accounts
Total liabilities and capita ]accounts
__
17,917
18,119
18,947
18,100
266,443
259,449
275,098
283, 943
53,745
52,849
54,628
54,046
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
350642—55
94
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, 1954—Continued
MISSOURI
[In thousands of dollars]
Apr. 15,
1954
Juno 30,
1954
Oct. 7,
1954
Dec. 31,
1954
77 banks
77 banks
77 banks
77 banks
ASSETS
Loans and discounts 'including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. 8. 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
685.544
676,257
27
92,206
26,716
686,506
705.405
27
102,316
32,596
688,359
782.243
15
104.111
30,252
754.677
742.349
15
102, 457
30,562
3.266
263.613
18,230
3.278
260,811
19,931
3,461
266.015
17,551
3,606
262. 475
17,130
258, 231
13. 771
113
292,056
14,339
95
267,336
14,695
303,523
15,110
104
587
1,410
3,603
1,268
4,937
1,389
579
351
4,224
1,509
575
2,256
3,911
1,356
2,044.842
2,125.158
2,181,390
2,240.106
1,100,738
1,099,831
1,142,144
1,176,363
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
W*\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..
263,947
272,862
280,510
283,817
538
538
538
538
44,796
72,194
74,121
53.694
84.758
76,071
79.243
109. 588
393.838
443,400
448.003
441.790
11.067
11,969
14.476
14,940
/. 899.682 1,981.898 2,028,758 2,086,479
1,627.204 1,698,241 1,1'39,544 1,794,620
£72,478
291,859
288,157
3,500
1,480
2.847
7,&35
700
2,938
5,617
1,852
351
2.945
8,393
1,127
2,267
2.932
8.330
2,016
1,912.344
1,992.800
2,045,069
2,102.054
43,103
53,358
31,523
4.514
43.103
53.8.79
31.315
4.061
43.103
54,989
33,412
4.817
CAPITAL ACCOUNT^
Capital stock: Common stockSurplus
Undivided profits
Total capital accounts
Total liabilities and capital accounts
44.153
59,096
29. 745
5,058
132.498
132,358
136,321
138.052
2.044.842
2.125.158
2,181,390
2,240,106
220,640
219,606
237,876
242,679
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPOET OF THE COMPTROLLER OF THE CURRENCY
95
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—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
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
--Total assets.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
38 banks
38 banks
39 banks
39 banks
100,808
128,544
94,201
133,354
94,300
145,005
98,204
151,627
13,383
6,992
12,638
8,260
14,177
8,622
15,069
8,490
35,839
5,102
35,900
5,481
377
36,192
4,721
377
35,216
5,103
35,734
2,921
25
5
980
126
39,404
2,932
49,018
3,178
25
1
959
170
48,104
3,101
45
25
1
886
173
330,828
801
124
356,745
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.
205,334
202,446
221,787
225,079
61, 723
62,287
63,047
64,714
4,821
26,098
12, 577
2, 718
SIS, 271
251,871
61,900
5,201
28,085
13,983
2,757
814,759
252,277
7,368
23,698
17,478
2,860
386,288
273,021
63,217
6,111
29,437
18,031
2.888
346,260
281,376
64,884
400
5
1,560
745
12
1
1,608
1,064
4
1
1,667
1,684
5
1,639
1,643
23
315,593
317,836
339,595
349, 565
5,480
6,787
2,654
314
5,480
6,787
3,344
177
5,615
6,942
4,387
206
5,615
7,055
3,736
290
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
15,235
15,788
17,150
16,696
330,828
333,624
356,745
366,261
51,267
50,741
53,049
59,779
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
96
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, 1954—Continued
NEBRASKA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
124 banks
124 banks
123 banks
123 banks
355,943
365,607
3
80,903
17,425
344,859
378,324
3
82,308
17,546
339,539
422,932
369,477
410,622
83,235
20,290
85,521
20,163
1,580
139,918
10,803
1,594
134,238
11,321
1,578
139,548
10,672
1,603
126,469
10,541
130,497
135,680
6,300
3
1,886
435
146,393
6,562
48
2,457
509
155, 227
6,416
1, 111, 186
1,114,497
1,173,763
1,189,016
650, 546
648,053
676,759
716,461
119,902
33
27,704
75,348
145,129
8,895
1,027,557
907,521
120,036
120,397
33
31,938
74, 251
150,501
6,811
1,031,984
911,329
120,655
119,094
28
41,580
66,125
182,127
6,011
1,091,724
972,391
119,333
118,658
28
34,472
69,520
159,369
8,456
1,106,964
988,067
118,897
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
Income earned or accrued but not collected
_..
Other assets
__
Total assets
3
1,814
457
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
4,695
1,372
2,818
158
1,885
1,475
2,511
235
990
1,559
2,741
129
950
1,592
2,857
275
1,036,600
1,038,090
1,097,143
1,112,638
24,765
27,184
16,866
5,771
25,115
27,308
17,459
6,525
24,815
27,154
18,336
6,315
25,065
27,936
16,867
6,510
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
74,586
1, 111, 186
76,407
76,620
76,378
1,114,497
1,173,763
1,189,016
154,225
170,291
175,220
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
161,187
REPORT OF THE COMPTROLLER OF THE CURRENCY
97
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
NEVADA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
5 banks
5 banks
5 banks
5 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 Rerserve 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.
73,014
84,623
73, 561
91,958
71,448
100,180
73,634
101, 341
7,017
5,168
7, 030
5,896
6,964
6,484
215
19, 208
4,420
6,995
5,787
215
20, 471
5,017
215
19, 011
4,635
275
20, 354
4,495
13,823
2,354
38
568
292
14, 967
2,422
36
733
281
17,164
2,626
36
749
11, 740
2,820
19
648
210, 740
222,443
229, 280
229,043
98,313
107,363
110,405
108,492
64,338
65,451
67, 981
68,079
5,014
25,139
2,064
2,136
197,00 4
ISO, 241
66, 763
6,468
25,120
1,578
3,070
209,050
141,208
67, 842
7,455
25, 263
1,526
2,400
215, 030
143,998
71, 032
5,798
28, 513
1,253
2,514
214,649
142,673
71,976
1,508
171
813
983
21
1,467
167
815
1,456
55
199, 569
210,867
217, 512
216, 975
3,410
3,750
3,911
100
3,410
3,750
4,316
100
3,410
3,750
4,508
100
5,410
3,750
2,808
100
290
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
Ex:penses accrued and unpaid,
Otlher liabilities
Total liabilities..
CAPITAL
ACCOUNTS
Capital stock: Common stock.
Surplus...
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts.
11,171
11, 576
11, 768
12,068
210, 740
222, 443
229, 280
229, 043
33,588
41,484
44, 435
44, 610
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
98
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, 1954—Continued
NEW HAMPSHIRE
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
51 banks
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
93, 111
63,246
39
12,996
4,579
94,878
62,785
39
13.889
4,405
95,373
76,090
33
14,530
3,463
97,194
72,821
33
13,002
3,343
22,449
6,049
503
21,752
7,667
505
24,683
6,414
529
23.327
6,222
24,232
2,473
101
25,986
2,403
160
25,570
2,442
178
29,204
2,433
92
46
8
205
46
13
159
46
7
169
46
3
121
230,037
234,685
249,503
248,370
123,431
126,989
135,594
134,842
44,688
15
6,798
14,571
8,795
6.383
204,681
169,876
45,305
45,031
15
8,035
12,661
9,589
6,917
209,237
163.827
45,4W
46,144
15
9,101
15,602
10,809
6,333
223,598
177,046
46,552
44,978
15
7,887
18,708
10,332
5,493
222, 255
176,578
45,677
575
361
240
25
300
354
362
151
100
377
338
14
200
397
425
161
205,882
210,404
224,427
223,438
6,094
10,470
6,310
1,281
6.094
10,536
6,290
1,361
6,094
10,536
7,001
1,445
6,094
11,532
5,620
1,686
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Tune 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
24,155
24,281
25,076
24,932
230,037
234,685
249,503
248,370
—
15,351
15,745
16,909
16,724
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
99
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
NEW JERSEY
[In thousands of dollars]
Apr. 15,
1954
Juno 30,
1954
Oct. 7,
1954
Dec. 31,
1954
197 banks
197 banks
197 banks
196 banks
1,060,319
1,125,638
879
276, 624
73,582
1,077,423
1,091,230
291,880
73,149
1,083.014
1,221,384
320
297, 465
78, 295
1,107.271
1,185.581
320
306, 907
75,015
4.998
289,670
43,622
4,989
263.338
62,854
5,054
257,177
60,664
5,188
255,859
56,429
220,246
33,967
361
228, 536
34,340
368
217,441
35,163
342
234,149
35,454
366
237
24
5,483
3.400
235
80
7,207
2,991
238
104
6,853
3,148
235
69
6,862
2,420
3.139,050
3,138.989
3,266,662
3,272,125
1,317,359
1,334,355
1,377,398
1,450,566
1,179,319
1,195,150
1,213,825
1,192,748
62,946
236,389
43, 296
45,997
79.911
195.547
47,217
49,371
105,139
230, 746
47.860.
40,624
3,015,592
1,769,994
77,108
214,274
46,789
41,754
8,023,239
1,805,341
1,245f598
1,217,898
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
-_
369
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
1
Expenses accrued and unpaid
Other liabilities
Total liabilities..
*
2,885,306
1,679,601
1,205,705
2,901,551
1, 679,369
1,222,182
20,658
1,793
50
5,102
52
50
50
69
12,987
10,986
2,316
24
12.101
8,619
1,332
80
12.234
7. 534
1.936
2,928,040
2,925.178
104
12.712
10,937
1,173
3, 045,670
520
60
67,244
67,824
98,314
38,966
8,707
510
60
67,404
67,974
99,271
44.874
8,873
3,049,699
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.
570
60
66,589
67,219
96,789
39.099
7,903
Total capital accounts
Total liabilities and capital accounts.
467
60
69,262
69,789
104,632
38,459
9,546
213.811
220,992
222,426
3,138,989
3, 266,662
3,272.125
202,166
229,592
202,344
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
205,730
100
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1954—Continued
NEW MEXICO
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
26 banks
26 banks
26 banks
1954
Dec. 31,
1954
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
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.
107,948
128,914
110,856
118, 777
101,379
135,121
107, 403
140,182
8,820
473
7,805
573
8,876
9, 450
1,807
416
38,301
5,857
416
47, 200
5,768
416
41, 869
5,779
418
42, 513
5,906
45, 871
3,694
163
44,456
3,691
154
54, 758
3,693
112
59, 702
3,569
113
305
94
85
305
75
85
345
76
80
283
53
340,944
340,161
353,417
371, 479
172,114
168,362
176,842
193,026
320,296
264,176
56,120
55, 861
11
11, 290
70,004
10, 814
3,189
319,531
261,576
57,955
58, 511
11
15, 717
64, 499
13, 481
2,844
331,905
271, 235
60,670
61,070
11
11, 938
65,058
15,033
4,175
350,311
287,084
63,227
931
368
339
932
355
494
963
697
244
497
370
321,934
321,312
333, 809
352,158
7,140
6,705
1,711
3,454
7,140
6,713
1,408
3,588
7,140
6,713
2,200
3,555
7,140
6,810
1,417
3,954
19,010
18,849
19, 608
19,321
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
T o t a l liabilities..
53,943
11
14,109
65, 561
12, 041
2,517
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
340,944
340,161
353,417
371,479
86,914
85, 678
97,684
92,276
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
101
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
NEW YORK
[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
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
350 banks
346 banks
345 banks
341 banks
5,925,107
3,808,965
1,508
1,296,500
431,601
5,984,818
4,258, 260
1,439
1,309,247
349,325
5,826,828
4,823, 060
344
1,394, 227
320,032
6,205,860
4,841,036
347
1,353,522
326,714
46,929
2,112,685
102,472
2,144,909
107,883
46,952
47,074
2,086, 532
110,765
52,612
2,130,586
100,696
1,280,043
98,042
536
1,241,872
98,724
582
906,219
100,208
689
1,266,942
100,855
818
1,846
93, 571
33, 537
41,102
1,890
75,865
38,602
49,391
1,898
83,247
35, 676
54, 508
2,213
113,138
36,478
83,296
15,274,444
15,709,759
15,791,307
16,615.113
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.
_.
_
7,759,821
7,849,374
Time deposits of individuals, partnerships, and cor2,010,918
2,103, 759
porations.
p
Postal savings deposits
331,490
641,949
Deposits of U. S. Government
608, 578
520,267
Deposits of States and political subdivisions
2,149,436
2,319,379
Deposits of banks
406,898
473,117
Other deposits (certified and cashiers' checks, etc.)
13,333,360 13,841,626
Total deposits
10,730,085 11,037,998
Demand deposits
2,603,275
Time deposits
2,803,628
Bills payable, rediscounts, and other liabilities for bor62,733
rowed money
3,460
Mortgages or other liens on bank premises and other
10
real estate
10
Acceptances executed by or for account of reporting
97,284
banks and outstanding
78,988
43,328
Income collected but not earned
41,595
81,535
Expenses accrued and unpaid
73,254
395,499
Other liabilities
..-.
401,355
Total liabilities
14,013,749 14,440, 288
7, 742,117
8,443,199
2,132, 513
2,220,037
842,605
495,244
2,231,575
395, 5 0
13,839,6U
10,981,103
402, 796
515,346
2,422,170
497,192
14,500,740
11, 580,746
2,858,541
2,919,994
25,735
925
59
85,996
42, 745
85,344
426,222
10
122,202
43,335
89,361
425,003
14, 505, 745
15,181,576
881
165
394,050
395,096
661, 708
213,627
15,131
811
65
446,715
447,591
787, 742
183,309
14,895
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
1,020
169
392,388
393,577
657,312
194,499
15,307
910
169
393,253
394,332
660, 297
199,967
14,875
1,260,695
1,269,471
1,285,562
1,433,537
15, 274,444
15, 709,759
15,791,307
16,615,113
1,243,153
1,519,138
1,822, 289
1,352,495
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
102
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, 1954—Continued
NORTH CAROLINA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
46 banks
46 banks
46 banks
46 banks
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. 8. Government..
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank...
Roserve 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..
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
i
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..
212,000
161.362
217,161
154,676
216, 581
173,282
226,554
196,824
34,857
5,260
35.007
7,099
36,031
7,407
1.078
57. 521
13,972
34, 628
5,821
1.0*1
55.003
14,322
1,087
60.059
16,397
1,108
63,155
13,923
68.412
6,761
421
79,378
7,032
394
87.307
7,206
533
789
754
922
833
792
790
104,066
7,546
313
8
823
746
563,187
—
571.251
606,140
658,504
320,652
320,330
345,989
384,475
87,601
90,607
91,265
91,041
13,908
55,607
22,499
11,467
511, 781
117,208
19,857
49,238
27.202
11,968
519,202
408.056
116, U6
21.496
52,995
29,681
11.045
552. 471
486,668
115,808
17.393
63.279
38,284
9,921
604,898
477,725
126,668
150
450
350
2.882
1,897
310
2.764
1,783
879
2,938
2,037
706
516,973
525,078
558,502
611,234
11,425
24,540
8,193
2,056
11,425
24,630
8,051
2,067
11.575
24,748
9,245
2,070
11,575
26,018
7,519
2,158
894. 696
• • . = ;
250
8
2,977
2,737
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits.
Reserves
Total capital accounts
*
Total liabilities and capital accounts
46.173
47,638
47.270
571,251
606,140
658,504
101,173
107,640
114,474
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
102,073
REPORT OP THE COMPTROLLER OF THE CURRENCY
103
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec, 81, 1954—Continued
NORTH DAKOTA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
39 banks
38 banks
38 banks
38 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
Income earned or accrued but not collected
Other assets
Total assets
103,548
104,168
7
11,065
114,452
97,092
122,518
11,348
5,177
94,768
122,342
5
12,143
5,809
356
28,197
3,293
357
26,639
3,926
366
26,385
3,533
369
27,715
3,667
20,036
1,772
147
1,017
85
26,228
1,947
149
974
115
29,131
2,106
156
961
66
24,907
2,149
79
836
87
278,030
276,705
297,771
152,779
149,023
169,137
172,524
73,894
6
4,368
16,638
7,797
1,686
257,168
181,817
75,351
74,206
6
5,854
15,831
9,827
2,373
257,120
180,932
76,188
74,555
6
7,179
12,985
11,219
2,005
277,086
200,604.
76,482
75,465
6
6,551
11,637
9,839
2,083
278,105
200,790
77,315
1,451
936
1,316
59
6
955
1,214
111
6
1,057
1,509
91
6
1,156
1,372
180
260,930
259,406
279,749
280,819
4,985
6,914
4,113
1,088
5,060
6,849
4,336
1,054
5,085
7,116
4,760
1,061
5,085
7,351
4,289
1,147
12,982
6,285
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
17,299
17,872
276, 705
298,691
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
31,082
29,813
33,938
32,428
104
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, 1954—Continued
OHIO
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
235 banks
235 banks
235 banks
234 banks
1,492,986
1,761,700
23
284,021
45,343
1,477,105
1,804,329
23
289,651
43,289
1,478,024
1,959, 263
23
286,650
43,437
1,556,418
1,969,120
235
282,917
43,572
7,614
519, 540
70,292
7,654
514, 778
77,843
7,672
502,392
72,055
8,046
522,929
67, 735
424,497
40,705
466
437,125
41,155
472
365,401
42,646
40
440,927
43,376
943
1,048
1,060
194
9,660
5,079
1,041
117
7,758
4,658
4,662,081
4,708,827
4,773,596
4,948,951
2,321,113
2,314,936
2,338,839
2,558,356
1,174,739
185
140,210
351,127
235,135
65, 215
4, 287,724
3,09.2,997
1,264,727
1,196,126
185
178,366
366,342
240, 622
53,350
4,319,927
3,0*0,727
1,289,200
1,210,874
190
173,346
380,082
240,314
53,945
4,397,590
3,092,107
1,305,483
1,233,168
185
125, 261
349,068
4,574,971
3,252,080
1,322,911
1,200
8,000
530
ASSETS
Loans and discounts (including overdrafts)
IT. S. 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
Beserve 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 collectedOther assets
Total assets..
9,039
4,912
102
LIABILITIES
Demand deposits of individuals, partnerships, and
corporationsTime deposits of individuals, partnerships, and corporations
Postal savings depositsDeposits 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 .
17,275
247,967
60,966
45
45
14, 663
21,882
4,198
83
14,672
20,149
4,022
194
15, 576
23,177
4,026
117
15,970
24,525
4,508
4,345, 742
4,390,053
4, 448,608
4, 620,666
106,049
147,363
58,598
4,329
106,274
148, 555
58, 547
5,398
107,774
148,165
64,297
4,752
109,842
159,804
53,916
4,723
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves.
Total capital accounts
Total liabilities and capital accounts
316,339
318.774
324,988
328, 285
4,662,081
4,708,827
4,773,596
4,948,951
747,231
753,161
809,388
771,288
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
EEPORT OF THE COMPTROLLER OF THE CURRENCY
105
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
OKLAHOMA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
198 banks
198 banks
197 banks
197 banks
525,844
563,164
17
123,969
29,061
539,829
558,409
17
126,098
35,312
544,723
573,845
17
128, 724
33,859
584,688
577,754
17
129,289
35,528
2,519
210, 467
20, 500
2,590
191, 649
21,370
2,643
200, 587
20,018
2,659
188,870
20,162
325,162
13,925
201
334,986
13,928
156
258,578
14,303
201
358,915
14,275
273
2,879
1,157
2,453
1,083
2,858
716
2,468
1,040
2,858
1,275
2,538
1,050
2,835
607
2,126
1,175
1,822, 401
1,831, 426
1, 785, 219
1,919,173
1,091,486
1,058,192
1,049,167
1,135,693
175,383
97
35, 400
160,662
202,458
16,489
1,681,975
1,491,314
190,661
180,921
97
52, 654
153,388
223, 797
21, 500
1,690,549
1,491,310
199,239
ASSE1S
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 outstandingIncome 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
123
186,923
97
60, 516
125,865
199,876
12,004
434,681
199,767
182,328
97
47,126
152,067
223,858
30,633
1,771,802
1,577,679
194,123
4,072
1,157
1,772
5,856
447
716
1,634
5,155
977
1,275
1,796
6,671
280
607
1,838
7,596
1,326
1,691,330
1,699,031
1,648, 542
1, 783,169
36,475
47, 557
42, 515
4,524
36, 775
50,082
41,023
4,515
36, 725
50,982
43,975
4,995
37,435
51,603
42,017
4,949
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
_
Undivided profits
Reserves.
_
Total capital accounts
Total liabilities and capital accounts
131,071
132,395
136,677
136,004
1,822,401
1,831,426
1,785,219
1,919,173
312,200
302,507
319,924
297,175
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
106
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1954—Continued
OREGON
[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.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
13 banks
13 banks
13 banks
13 banks
450,828
388
130,383
8,410
601,222
459,294
387
143,180
8,117
2,095
189,091
13,887
528,323
653,387
551,682
155,142
6,242
158,597
10,604
2,545
180,007
14,333
2,547
176,322
12,405
2,667
204,863
13,237
97,161
16,987
385
91,729
17,401
373
97,515
17,743
291
109,616
18,806
427
619
3,922
565
428
5,851
538
270
4,747
786
525
5,973
671
1,520,920
1,525,405
1,609,292
1,731,055
715,586
709,909
780,296
806,545
480,920
13
18,051
118,268
27,573
28,714
494,110
13
26,838
103, 535
36,600
22, 730
1,393,735
881,089
512,6$
507,092
13
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
rs
Postal savings deposits..
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of b a n k s . . .
Other deposits (certified and cashiers' checks, etc.)
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 unpaidOther liabilities
Total liabilities
1,889,125
495,517
47,964
80. 515
33,042
24,191
1,473,113
948,179
524,934
13
24,632
164,203
28,951
27,445
1,588,482
1,030,872
658,110
15
15
47
63
619
8,202
7,437
5,386
428
7,864
5,244
6,037
270
7,988
9,668
6,046
525
8,072
7,911
6,319
1,410,784
1,413,323
1,497,132
1,611,372
36,935
47,885
25,205
111
36,935
47,900
27,133
114
36,935
47,975
27,142
108
38,935
50,045
30,555
148
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
110,136
112,082
112,160
119,683
1,520,920
1,525,405
1,609,292
1,731,055
344,722
348,544
374,615
393,151
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
107
Assets and liabilities of national banks, by StateSj at date of each call during year
ended Dec. 81, 1954—Continued
PENNSYLVANIA
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Deo. 31,
1954
571 banks
569 banks
561 banks
550 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.
2,690,782
2,573,002
33
544, 758
270,134
2,668,343
2,716,413
33
585,852
276,200
2,625, 507
2,858,634
31
624,921
290,948
2, 717,834
2,764,028
31
639,353
270,978
20.301
863, 586
104,837
20.190
842,846
122, 291
20,251
803, 852
116,875
20,257
817,261
116,540
603, 605
72, 705
624,167
72,936
946
545,080
74,129
1,197
647, 555
75,879
1,186
2,035
1,010
12, 289
8,829
2,512
1,960
13, 433
7,581
3,114
1,575
15,121
10, 764
3,909
1,359
13,141
7,273
7,768,814
7,955, 703
7,991,999
8,096,584
3,808,950
3,814,679
3,750,464
4,007,266
2,139,091
866
159, 768
281, 505
475,637
62, 519
6,928,336
4, 707,567
2, 220, 769
2,174,145
768
280,464
279, 654
494,869
67,183
7,111,762
2,261,173
2,212,370
770
278,075
307, 780
488,335
57,403
7,095,197
4,791,569
2,303,628
2,174,381
770
186,683
288,122
500,689
66,849
7,224,760
4,978,014
2,246,746
3,885
37,100
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
Tl me 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
4,915
1,154
20,091
27,427
4,958
Total liabilities..
4,850,589
3,725
30
30
2,238
20.103
25,745
7,381
1,769
20,406
34, 782
4,319
1,519
20,165
41,110
9,933
7,171,114
7,193,603
7,301, 242
i 50
211,332
211,382
453, 725
108, 727
10, 755
50
211,487
211,537
453,129
122, 548
11,182
50
211, 554
211,604
460, 279
110,816
12,643
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
50
209,444
209.494
450, 722
110.723
10,994
781,933
784,589
798,396
795,342
7,768,814
7,955.703
7,991,999
8,096,584
801,951
923,752
987,974
926,741
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
108
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by Statest at date of each call during year
ended Dec. 81, 1954—Continued
RHODE ISLAND
[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
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets.
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31
1954
5 banks
5 banks
5 banks
5 banks
204,006
182,692
209,715
185,818
213,219
180,418
220,128
174,557
16,881
1,652
20, 523
2,796
25,647
2,961
29, 243
2,823
1,304
46, 433
10,214
1,252
30, 231
11,717
1,252
41,040
10, 241
1,252
39,046
11, 489
22,001
8,191
15
1,111
964
435
19,814
8,150
15,914
8,200
171
1,483
492
76
976
394
23,861
8,211
11
928
1,148
495,899
492,162
500,338
513,292
204,625
193,860
203,600
221,194
196,708
24
9,379
24, 543
196,248
24
11,410
30, 797
8,015
195,075
24
8,890
26, 654
7,698
7,863
467, S98
271, 458
195,940
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 unpaidOther liabilities
_.
Total liabilities..
451,998
254,455
197,543
7,967
197,504
24
14,733
26,433
5,944
7,986
251, 336
196, 985
456,22/,
257, 808
198, 416
1,111
2,107
2,736
330
171
2,037
3,0^0
405
76
2,209
2,635
107
931
2,083
3, 457
505
458, 282
453,964
461, 551
474,374
11,130
21,055
5,365
67
11,130
21,075
5,920
73
11,130
21,075
6,499
83
11,130
21,095
6,619
74
7,792
8,927
300
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves.
Total capital accounts..._
Total liabilities and capital accounts.
37,617
38,198
38,787
38,918
495,899
492,162
500,338
513,292
24,965
24,023
28,300
27,961
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
_
REPORT OF THE COMPTROLLER OF THE CURRENCY
109
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
SOUTH CAROLINA
[In thousands of dollars!
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
D e c . 31,
1954
26 banks
26 banks
26 banks
26 banks
166,037
180,535
161,835
183,028
159,166
202,957
168,815
205,395
25,376
7,740
27,241
8,058
28,079
9,886
26,442
9,274
764
57, 201
14,104
779
53,375
15, 250
804
53,042
14, 243
807
50. 782
12,909
72,8^0
4,921
18
76,149
4,846
28
73,937
4,960
27
85, 516
4,863
15
650
15
636
423
15
631
435
11
617
530,810
531,663
548,182
565,811
316,359
319,285
337,675
341,079
56, 472
7
27, 566
64, 733
18. 332
10,121
493,590
57, 208
7
27, 620
61, 736
15, 564
11, 880
493, 300
427,206
59, 247
7
28, 324
52,000
21,898
9, 518
57,121
7
24,354
74,999
18.021
10, 794
526,375
460, 453
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..
428,4U
65, U6
4W, 446
68,223
1,056
2,512
782
1,022
2,133
1,855
1,088
2,843
881
1,163
3,073
1,171
497,940
498,310
513, 481
531, 782
9,437
17,362
6,210
1,692
9,437
17,640
5,173
1,779
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves,.
Total capital accounts
Total liabilities and capital accounts
9,437
16,016
5,858
1,559
9,437
17,302
4,904
1,710
32,870
33,353
34, 701
34,029
530,810
531,663
548,182
565,811
104,743
112,800
106, 921
111,510
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
350642—55
8
110
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1954—Continued
SOUTH DAKOTA
[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 .
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
35 banks
35 banks
35 banks
35 banks
114,751
118,153
4
13,094
4,268
121,301
118,767
13,835
3,872
116,640
101,217
4
13,184
4,307
394
31,333
3,804
394
28,668
4,138
400
29,679
3,682
409
27,231
3,904
1,085
141
24,028
2,653
15
1,084
221
30,682
2,651
27
1,031
197
35,167
2,609
42
950
152
298,224
296, 553
318,619
165,891
160,285
180,374
187,049
65,476
3
7,426
29,646
6,222
2,010
276,674
205,739
70,935
66,683
3
7,030
32,355
7,579
1,934
203,713
72,156
68,785
3
10,622
24,744
10,400
2,038
296,966
222,522
74,4U
70,858
2
8,057
27,787
10,861
2,660
307,274
230,646
76,628
895
250
21
1,144
1,556
2
21
1,158
1,106
82
20
1,177
1,569
20
1,167
1,676
103
280,292
278,486
299, 733
310,240
4,918
8,223
3,776
1,015
4,918
8,225
4,033
891
5,018
8,326
4,680
5,018
8,653
4,111
870
122,585
96,952
21, 566
2,653
14,130
4,226
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
CAPITAL
ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts.
Total liabilities and capital accounts
17,932
18,067
18,886
18,652
298,224
296, 553
318,619
328,892
45,503
45,936
50,372
52,483
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
111
Assets and liabilities of national banks, by Statest at date of each call during year
ended Dec. 31, 1954—Continued
TENNESSEE
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
74 banks
74 banks
75 banks
75 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...
Total assets.
660,832
529,800
6
83,302
11,824
664,832
515,401
6
88,626
13,465
674,305
618,773
38
94,480
18,098
721,372
601,259
38
95,893
18,305
3,005
201,147
26,195
3,027
168,467
29,740
3,121
216,305
31,374
3,229
195,816
29,132
233,598
18,521
248
7,980
3,440
1,222
274,195
18,646
201
1,398
4,225
253,184
18,875
251
3,008
3,055
1,390
309,291
18,840
332
5,658
2,845
1,632
1,781,120
1,783,111
1,936,257
2,003,642
780,338
830,561
874,961
372,782
175
28,589
146. 209
274,428
14,561
1,640, 729
1, H9J88
890,941
382,781
176
39,890
164,274
267,501
14,324
1,649,284
1,248,489
400,795
7,980
7,026
6,038
749
1,398
6,894
5,016
3,008
7,078
7,700
655
5,658
7,024
7,429
1,854
1,662,522
1,663,278
1,813,041
1,873.904
34,676
59,735
21,028
3,159
34,701
61,132
20,915
3,085
34,901
63,844
21,227
3,244
37,401
67,698
21.088
3,551
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..
176
71,471
135,105
356,454
11,598
1,794,600
1,386,614
407,986
391,776
178
41,822
137,474
391,735
13,993
1,851,989
1,434,929
417,010
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
118,598
119,833
123,216
129,738
1,781,120
1,783. I l l
1,936,257
2,003,642
231,166
230,371
280,162
239,548
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
112
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, 1954—Continued
TEXAS
[In thousands of dollars]
Apr. 15,
June 30,
1954
1954
Oct. 7,
1954
Dec. 31;
1954
443 banks 445 banks 443 banks 442 banks
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
...
Corporate stocks, including stock of Federal Reserve
bank.
Reserve with Federal Reserve bank.
Currency and coin
Balances with other banks, and cash items in process of
collection
--Bank premises owned, furniture and fixtures.-Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected—
Other assets...
Total assets..
2,684,792
1,901,937
3
298,096
54,081
2,726,116
1,941,357
3
306,380
60,001
2,659,982
2,238,489
2,971,362
2,203,239
319,677
71,886
315,251
80,093
11,572
870,070
87,652
11,626
829,289
90,312
14,205
843,239
90,297
12,415
879,836
89,214
1,195,480
78,323
5,389
1,410,577
80,576
5,082
1,244,803
79,765
4,048
1,578,438
103,779
3,441
4,887
10,712
9,435
21,621
4,879
10,438
21,846
4,880
20,315
9,439
26,377
4,836
34,048
9,142
10,428
7,234,050
7,505,168
7,627,402
8,295,522
4,216,868
4,315,999
4,391,293
4,687,298
684,608
1,169
144,455
581,224
1,001,391
62,111
6,691,826
5,803,007
888,819
714,011
1,170
191,813
540,126
1,128,079
70,941
6,962,189
6,05^291
907,8$
742,333
1,170
233,207
477,989
1,133.158
60,158
7,039,308
6,120,983
918,875
768,285
1,170
162,264
569, 712
1,377,876
131,993
7,698,598
6,7U, $90
95\, 808
11,002
28,027
1,100
6,950
8,168
25,687
2,734
20,506
8,619
33,468
479
34,048
8,652
33,358
3,432
6,740,183
7,005,678
7,102,380
7,778,088
182,460
203,100
90,657
17,650
185,645
206,868
88,535
18,442
190,770
212,514
102,434
19,304
193,363
221,922
81,134
21,015
LIABILITIES
D e m a n d deposits of individuals, partnerships, a n d
corporations.
_
T i m e deposits of individuals, partnerships, a n d corporations
-.-.
Postal savings deposits.__
Deposits of U . S. Government
Deposits of States a n d political subdivisions
Deposits of b a n k s
--.
Other deposits (certified a n d cashiers' checks, etc.)
Total deposits..
Demand deposits
Time deposits.
Bills payable, rediscounts, a n d other liabilities for
borrowed m o n e y . .
Acceptances executed b y or for account of reporting
b a n k s a n d outstanding
_
Income collected b u t n o t earned
_
Expenses accrued a n d u n p a i d
Other liabilities
Total liabilities..
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits.
Reserves
Total capital accounts
Total liabilities and capital accounts
493,867
499,490
525,022
517,434
7,234,050
7,505,168
7,627,402
8,295,522
—
1,063,177
1,073,160
1,171,657
1,126,021
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
113
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1954—Continued
UTAH
[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 fixturesReal estate owned other than bank premises...
Customers' liability on acceptances outstanding
Income earned or accrued but not collectedOther assets.
Total assets .
Apr. 15,
1954
June 30,
Oct. 7,
1954
1954
9 banks
9 banks
9 banks
117,189
123,451
3
12, 223
1,223
119,988
118, 210
3
11,374
1,053
368
47, 649
3,759
43, 471
3,704
22, 236
2,765
2
23,171
2,577
2
34
211
Dec. 31,
1954
9 banks
120,060
133, 693
127,264
130,274
14, 581
1,340
13, 642
1,590
3,368
49, 299
3,516
15
476
25, 406
3,043
2
6
50
394
28,143
3,761
2
4
12
136
331,113
324,412
351,109
358,041
180,678
177,835
190, 566
193,430
68,975
1,020
7,746
30,133
19, 750
1,470
309,772
236,394
73,378
70,930
1,020
9,081
24,116
18, 385
1,831
303,198
228,865
74,333
72,359
1,020
16, 772
24, 572
20, 873
1,578
327,740
251, 968
75,772
72, 479
1,020
8,322
36, 600
20, 765
1,818
884,434
258, 542
1,037
2,043
323
975
1,577
274
1,032
2,663
341
4
1,029
2,545
197
313,175
306,024
331, 782
338, 209
5,275
6,560
4,967
1,136
5,275
6,567
5,545
1,001
LIABILITIES
D e m a n d deposits of individuals, partnerships, and
corporations
T i m e deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. G o v e r n m e n t . . _
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, a n d other liabilities for
borrowed money
Acceptances executed b y or for account of reporting
banks and outstanding
Income collected b u t not earned
Expenses accrued and unpaid
Other liabilitiesTotal liabilities
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts..
Total liabilities and capital accounts
5,275
6,567
6, 478
1,007
6,275
6,593
6,079
885
17, S
18,388
19,327
19, 832
331,113
324, 412
351,109
358,041
13,123
14,294
26,351
20,228
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
114
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, 1954—Continued
VERMONT
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
37 banks
37 banks
37 banks
37 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
66,554
51,690
39
8,873
5,189
69,439
48,938
39
9,972
4,537
67,983
56,971
13
10,046
4,179
68,127
56,222
13
8,606
4,060
376
13,045
353
13,887
3,473
353
14,817
3,135
356
14,631
3,048
10,596
1,848
61
12,883
1,846
72
13,406
1,864
14,529
1,858
23
136
97
159
84
23
153
122
47
172
90
161,409
165,705
173,163
171,848
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
i
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
56,444
63,344
61,344
2,047
4,710
1,148
2,251
142,883
66,160
76,723
77,462
3
3,602
4,153
1,219
2,153
147,283
69,335
77,948
3
3,107
5,827
1,205
2,242
154,416
75,216
79,200
78,639
3
2,914
6,789
1,347
2,142
153,178
73,888
79,290
410
652
255
507
143
649
325
665
52
671
278
594
650
413
144,707
149,065
156,011
154,877
5,645
6,077
3,712
1,268
5,645
6,122
3,518
1,355
5,645
6,177
3,937
1,393
5,645
6,297
3,702
1,327
76,280
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
___
Reserves
Total capital accounts
._.
16,971
Total liabilities and capital accounts
171,848
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
9,197
8,639
8,924
8,922
REPORT OF THE COMPTROLLER OF THE CURRENCY
115
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
VIRGINIA
[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
Apr 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
133 banks
133 banks
132 banks
132 banks
520,121
491,865
20
70,400
22,657
525,503
487,403
20
74,931
20, 720
539,163
541,733
17
80,812
19,636
552,102
536,379
17
79,205
24,031
2,521
133,030
30,055
2,530
135.580
32,038
2,580
146,416
30,388
2,654
142,624
29,102
153,833
15,165
164,342
15,041
553
164,924
15,520
637
195,832
15,457
559
706
230
1,627
1,468
703
31
1,822
1,613
703
181
1,814
1,499
703
480
1,609
1,712
1,444,097
1,462,830
1,546,023
1,582,466
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...
668,010
668,473
716,140
709,338
390,839
120
47,820
94,933
97,819
17,751
1,817,292
874, 399
442,898
398,700
120
56,488
105,338
95,690
17,028
1,841,837
888,058
458,184
408,272
120
61,734
98,364
121.427
14,549
/, 420,606
950,057
470,549
408,284
120
52,030
119,859
143,364
22,108
1,455,108
986,581
468,672
1,600
375
925
40
40
76
230
3,974
5,473
484
31
4,006
4,027
1,006
181
4,146
6,061
78
4,135
6,661
1,079
1,333,753
1,352,547
1,431,487
1,468,459
30,918
53,384
22,127
3,915
30,918
53,941
21,361
4,063
31,318
55,041
24,048
4,129
31,318
58,414
19,875
4,400
6,300
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
_
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
110,344
114,536
114,007
1,444,097
1,546,023
1,582,466
249,941
249,222
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
215,610
228,341
116
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by Statesf at date of each call during year
ended Dec. 31, 1954—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
lbank
lbank
lbank
lbank
ASSETS
Loans and discounts (including overdrafts)
XJ. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Reserve with approved national banking association...
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
2,115
3,782
2,258
3,188
2,380
2,917
2,548
2,418
279
589
453
103
667
534
403
420
436
304
572
420
21
9
12
36
41
7
48
13
35
7
13
56
31
7
44
24
7,296
6,859
6,667
6,368
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.
2,164
1,780
1,655
1,685
3,126
3,132
3,173
3,183
222
1,275
19
31
272
1,193
10
11
6,398
8,052
8,346
213
1,128
18
22
6,209
2,867
3,34%
253
721
19
36
5,897
2,567
8,380
6,837
8,504
8,833
21
19
20
6,891
6,450
6,259
5,957
150
150
70
35
150
150
68
41
150
150
67
41
150
150
71
40
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
405
409
408
411
7,296
6,859
6,667
6,368
1,470
1,470
1,470
1,470
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER
OF THE
CURRENCY
117
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
WASHINGTON
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
33 banks
33 banks
32 banks
32 banks
834,245
515,116
794,686
590,042
838, 592
633,354
609, 854
161,060
25,939
161,010
27,245
170, 541
25, 573
170, 219
27,563
2,634
238, 707
24, 684
2,642
242,924
26,420
2,896
243, 579
23, 570
2,897
248, 768
23, 512
184,418
22,414
625
183,643
22,481
22, 877
574
197, 727
23,173
792
475
267
4,407
1,589
475
95
5,129
1,308
534
104
4,962
1,457
475
322
4,287
1,425
2,016, 580
2,058,698
2,155, 606
2,197,680
1,067,088
1,078,911
1,140,191
1, 214,956
500,117
9
46,149
140,261
87,687
16, 641
1,857,952
1,339,115
518,837
509,067
9
516, 283
9
83,087
137, 476
100, 907
17, 032
/, 994,985
1,462,230
532,755
529, 923
9
52,143
136, 746
85,474
17, 043
2,036,294
1,490, 819
645,475
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
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..
59, 973
148,943
92,890
16, 311
1,906,104
1,378,190
527,914
5,225
246
36
32
26
20
267
8,756
9,669
1,877
95
8,449
8,219
1,408
110
8,692
12,449
1,978
322
8,475
12,655
1,789
1,883, 782
1,924,307
2, 018, 486
2,059, 555
37, 550
50, 251
34,460
10, 537
37, 550
50, 552
35, 415
10,874
39, 750
56, 772
4,660
39, 750
56,964
36,905
4,506
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits..
Reserves
Total capital accounts
Total liabilities and capital accounts
132,798
134,391
137,120
138,125
2,016,580
2,058,698
2,155,606
2,197,680
331,869
370,941
363,011
338,812
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
118
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national bankst by States, at date of each call during year
ended Dec. 31, 1954—Continued
WEST VIRGINIA
[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 com
_
_.
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..
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
74 banks
75 banks
75 banks
75 banks
182,684
269,274
184,729
255,869
26,898
7,451
184,435
254,676
4
27,532
7,823
26,553
6,949
26,389
1,141
59,584
14,001
1,166
63,659
15,392
1,167
64,577
14, 221
1,176
61,869
13,619
58,112
5,444
120
304
514
63,093
5,751
90
338
600,304
624,528
642,897
294,736
303,860
315,981
155,452
186
12,842
46, 384
29,777
7,247
646,624
888,988
157,686
161,185
186
15,495
51, 705
29, 541
8,593
570,565
407,004
163,561
163,252
186
22,407
46,407
32,804
5,418
586,455
4%0,5U
165,938
176,595
250,140
6,005
90
290
1,089
74,534
5,791
118
319
631,270
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 .
875
154,186
186
17, 695
49,338
32,594
17,322
674,905
417.601
157,304
40
14
693
1,250
153
14
881
1,103
337
11
908
1,265
237
11
893
402
549,609
572,900
588,916
577,877
13,150
24,855
10,386
2,304
13,550
25,323
10,314
2,441
13,550
25,323
12,443
2,665
13.600
26,200
10,581
3,012
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
" lus
Undi vided profits
Total capital accounts
Total liabilities and capital accounts
50,695
51,628
53,981
53,393
600,304
=
=
624,528
642,897
631.270
96,994
97,200
103,804
99,077
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
119
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1954—Continued
WISCONSIN
[In thousands of dollars]
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
95 banks
95 banks
95 banks
95 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
Total assets..
497,452
692,463
59
75,512
50,717
476,751
726,274
59
77,820
52,235
505,329
756,194
560,545
723,753
83,456
55,816
85,197
59,228
2,429
176,286
20,693
2,443
197,312
22, 919
2,531
176,827
20, 749
2,703
172,389
19,940
180,908
11,522
88
116
3,600
2,513
176,976
11,691
75
41
147,399
11,927
47
51
3,735
2,302
190,325
11,843
46
51
3,691
2,301
1,766,363
1,832,012
907,004
1,714,358
2,578
1,751, C
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.—
800,006
819,070
824,103
520,010
1,053
525,267
1,056
72,364
70,535
124,736
17,438
1,630,466
1,090,913
589,558
531,570
1,056
64,680
65.298
135, 538
15, 111
1,687,856
1,093, US
543,918
600
300
1,200
150
116
3,129
4,340
800
41
3,144
4,866
1,084
51
3,275
7,458
1,600
51
3,379
7,265
1,460
1,605,123
1,639,901
1, 650,940
1, 719,031
50
29,705
29,755
51,170
24,555
3,755
50
30,055
80,105
51,331
24,794
4,872
50
30,055
80,105
54, 256
24,834
6,228
50
30,405
80,455
60, 052
18,389
4,085
46,229
87,113
123,234
18,493
U 596,188
1,068,465
582,678
530, 558
1,058
50,167
65,392
130, 543
22, 004
1,706,726
1,162,510
544,216
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
109,235
111, 102
115,423
112,981
1,714,358
1,751,003
1,766,363
1,832,012
165,905
180,118
181,796
199,359
MEMOBANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
120
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, 1954—Continued
WYOMING
[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 .
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
25 banks
25 banks
25 banks
25 banks
69,401
88, 281
70,048
92, 314
68, 742
97,782
70,321
105,031
8, 504
3,055
3,247
8,844
3,388
9,243
3,444
22,073
3,713
302
23,829
4,201
302
22, 458
3,950
312
23, 202
3,498
27, 554
1,445
146
247
35,179
1,651
333
94
26, 915
1,476
356
278
79
293
65
38,283
1,590
295
274
74
224,802
231,433
242,987
255, 567
119, 062
120, 520
134,328
137,314
18
4,399
26, 092
9,734
1,183
209,371
158,817
50,654
50,038
18
4,753
30, 021
8,365
1,199
£14,914
168,287
51,627
50,442
18
7,049
21, 650
11,385
1,205
226,077
174,088
51,994
52,323
18
5,323
30, 723
11,919
1,476
23S, 096
184,977
54,119
500
776
455
1,000
794
352
53
600
844
211,141
217,113
228,121
240, 513
2,760
6,390
3,872
639
2,960
6,590
3,856
914
2,960
6,590
4,307
1,009
3,010
7,040
3,862
1,142
289
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 liabilitiesTotal liabilities
814
526
77
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
13,661
14,320
14,866
15,054
224,802
231,433
242,987
255,567
43,886
45,305
46,445
46,876
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
TABLE N O . 17.—Fiduciary activities of national banks as of Dec. 31, 1954
Banks with capital stock of—
$25,001 to
$50,000
$25,000
$50,001 to
$100,000
$100,001 to
$200,000
$200,001 to
$500,000
$500,001 and
over
Total
Number of national banks with trust powers but not administering
trusts
Number of national banks with trust powers administering trusts
5
8
45
40
85
224
58
404
45
404
18
423
256
1,503
Total number of national banks authorized to exercise trust
powers
462
449
441
11,759
13
85
309
Total assets of national banks with trust powers but not administering
trusts
. -$7, 368,423
Total assets of national banks with trust powers administering trusts-. 17,833,301
$139,604,241
121,879, 242
$412,167,464
1, 274, 260,628
$547,809,231
$686, 581,624
3, 531, 255, 747 7,301,917,889
$1,607,975,826
83,424,329,751
$3,401,506,809
95,671,476,558
Total assets of national banks authorized to exercise trust powers. 25,201,724
261,483, 483
1,686,428,092
4,079,064,978
7,988,499, 513
85,032,305, 577
99,072,983,367
236,290
10,933
27,611
4,052,951
165,887
493,286
2,427
55,692,440
2,356,122
7,311, 791
2,666,849
298,950,364
9,362.861
31,921, 750
12,289,954
923,096, 726
24,103, 584
81, 458,029
102,915, 538
26,206,753,102
477,316,883
943,337, 207
18,754,146,450
27,488,781,873
513,316,270
1,064, 549,674
18,872,021,218
.- —
274,834
4, 714, 551
68,027,202
352, 524,929
1,131, 573,877
46,381, 553,642
47,938,669,035
-
33,151
241, 562
1,376,515
3, 210,154
14, 261,334
42, 202,468
95,684, 535
159,608,984
381,019,133
412,178,681
7,778,318,963
3, 725,121, 528
8,270,693,631
4,342,563,377
121
66,660
23, 235
37, 987
10,348,027
541, 247
674,126
69,024,305
26,376,470
1,830,635
287,003,870
40,413,976
10,958,217
30,371,190,731
4,319, 749,270
187,173,150
30,737,633,593
4,387,104,198
200,674,236
274,834
4, 714, 551
68,027,202
352, 524,929
1,131, 573,877
46,381,553,642
47,938,669,035
66, 500
903,400
6, 528,040
204,054, 560
453,943, 449
18,820,179,041
19,485,674,990
25
34
4
160
199
69
331
374
196
370
365
289
412
409
388
1,301
1,388
946
Investments
T i m e deposits
D e m a n d deposits
O t h e r assets.
TEUST DEPARTMENT ASSETS
T. . . . . _ _
--
.
..
TP.
- . , . - .
-
Total
.
TRUST DEPARTMENT LIABILITIES
Private trusts - Court trusts
Other liabilities:
Agency, escrow, custodian, etc , accounts
Corporate accounts
Miscellaneous
-Total
--
.
Total volume of bond issues outstanding for which banks are acting as
trustee .
N u m b e r of national banks administering personal accounts:
3
Voluntary, private or living trusts -_
-Court accounts
7
Agencies, escrows, custodianships, etc
i Includes 27 banks which have been granted only certain specific fiduciary powers.
1
I
TABLE 17.'—Fiduciary activities of national banks as of Dec. 81, 1954—Continued
fcO
Banks with capital stock of—
Number of national banks administering corporate accounts:
Bond or debenture issues
..
Paying agencies..
Depositories and other miscellaneous corporate accounts
Number of national banks acting as transfer agent.
Number of national banks frcti^g as registrar
Number of personal accounts being administered:
Vn]iiTit*"*y» private or living trusts..
Court accounts - . . . .
. .
..
Agencies, escrows, custodianships, etc
..
Total
Number of corporate accounts being administered:
Bond or debenture issues . .
Paying agencies . .
.
Depositories and other miscellaneous corporate accounts
Total
Number of accounts for which national banks are acting as transfer
agent - - . .. - ..
.. - Number of accounts f°r which national batiks arA acttTiff as registrar
Total number of accounts being administered
$50,001 to
$100,000
$2£,00l to
$50,000
$25,000
$100,001 to
$200,000
$200,001 to
$500,000
$500,001 and
over
Total
g
7
2
1
41
7
10
3
9
136
26
27
20
22
181
82
64
47
69
330
254
205
221
241
697
371
307
292
341
7
25
84
285
12
1,008
3,112
281
4,374
9,664
1,723
12,819
19,147
5,502
88,355
68.277
74,514
106,647
100,510
82,032
32
381
4,401
15,761
37,468
231,146
289,189
12
10
2
1
72
15
15
536
107
43
673
340
291
6,708
24,145
6,156
8,011
24.609
6.506
12
13
102
686
1,304
37,009
39,126
26
29
93
133
3,385
3,602
3,508
3,773
394
3
9
4,515
16,502
38,998
275,142
335,596
2
1
1
45
3
TABLE NO. 18.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. SI, 1954
Federal Reserve districts
Number
of banks
exercising fiduciary
powers
Boston
New York....
PhiladelphiaCleveland
Richmond
Atlanta
Chicago
Bt. Louis.
Minneapolis...
Kansas City..
Dallas
San Francisco
152
214
206
101
134
110
208
103
47
101
81
46
Total—
1,503
Number Total numwith auber authority
thorized
but not
to
exercise
exercising fiduciary
fiduciary
powers
powers
186
232
214
113
157
131
239
126
63
137
105
56
256
» 1, 759
Total banking
assets of banks
authorized to
exercise fiduciary powers
Personal account liabilities
Living trusts
$560,001, 849
1,157, 979,047
178,162,106
1, 554, 233, 749
412, 231, 588
412,131, 668
1, 679,336,932
144.833,146
175, 487, 201
350,071,190
531.071, 277
$5,448,895,283
18.027,043.223
4,339,217,973
7,227,847,433
4, 566,049. 937
6,408, 542. 568
15,388,449,459
3,488,978,951
2, 568,693,980
4,965. 220,095
7,039,910,884
19,604.133,581
1,115,153,878
99,072,983,367
8,270,693,631
Agency,
Court accounts escrow, custodian, etc.
Total liabilities
Boston..
New York....
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis...
Kansas C i t y Dallas
San Francisco.
$2, 765,337,193
16, 504,468,654
675,197,211
4,781,928,144
1, 728,891,190
2,277,210,108
10,972,289,380
393,192,491
1,780,615,101
1,685.673,107
969.101, 312
3.404,765,144
Total...
47,938,669,035
Living
trusts
5,186
5,617
6,993
9.934
6,493
5,935
$361,626, 277
920,980,309
65.460, 055
702,021, 224
259,906, 442
284,016, 572
1,106, 245,189
57, 405, 585
414,867,834
110, 451,386
104,231,190
200, 566,371
30, 737,633, 593
4,587,778,434
4,342, 563,377
Number of
corporate Number of
Total
trust bond all other number of
issue acaccounts
accounts
Agency,
Court escrow, cus- counts be- being ad-2 being ading admin- ministered ministered
todian,
accounts
istered
etc.
2,451
2,848
4,800
5,350
12,171
106,647
i Includes 27 banks which have been granted only specific fiduciary powers.
575
468
911
337
749
1,640
1,414
288
461
358
504
1,299
9,599
361
2,567
648
2,929
8,786
1,388
529
5,327
3,181
1,782
20,349
43,094
25,802
29, 406
21,105
20,544
77,757
13, 545
5,519
17,205
1,547
4,542
4,329
5,760
15,206
972
4,488
11, 503
1,700
9,261
100, 510
82,032
8,011
38,396
8,039
10,098
16,433
11,452
9,298
5,171
13,256
3,473
4,136
3,234
2,375
d
O
fed
$475, 651. 562 $1,368,057,505
559, 752, 794 13,865, 756, 504
292, 291,815
139, 283,235
747,028. 506
1,778, 644,665
283, 341,174
773, 411,986
351,011,535
1,230,050,333
454, 208,169
7, 732, 499,090
113,944,985
77,008, 775
1,058, 348,100
131, 911,966
1,099,045, 538
126,104.993
256, 611, 284
77,187, 561
1,321,980,368
767,064, 527
Number of personal accounts
Federal Reserve districts
All other liabilities
Trust deBond and de- partment
benture issues gross earnings for
outstanding
where bank year ended
Dec. 31,
acts as trustee
1954
12,289
25,325
12,964
37,263
$733,543,143
7,035,093,014
241,690,091
1, 549,490,026
608,912,989
913,998,194
4,758,012,307
279,935,320
209,095,163
803,585,941
804,897,047
1, 547,421,755
$7,304,000
16,968,000
3,146,000
11,373,000
5,016,000
5,810,000
20,045,000
1,799,000
3,302,000
3,910,000
4,190.000
17,898,000
335,596
19,485,674,990
100,761,000
* Corporate paying agency, depository, registrar, transfer agency, etc.
i
t
g
fed
1
TABLE N O . 19.—Classification of investments under administration by the active national bank trust departments, Dec. 31, 1954
Trust department investments classified according to capital stock of banks administering
trusts
Banks
Banks
Banks
Banks
Banks
Banks
with
with
with
with
with
with
capital
capital
capital
capital
capital
capital
stock
stock
stock
stock
stock
stock
Bonds
Stocks
Percent
Real-estate
mortgages
Percent
Real estate
$4,551
1.93
$250
933,012 23.02
55,247
4,999,482
8.98
1,462,145
26,090,1C6
8.73
11,883,889
79,040,925
8.56
51,255,412
800,872, 532 3.06 1,017,033,613
$236,290
0.11
4,052,951
1.36
55,692,440
2.63
298,950,364
3.97
923,096,726
5.55
3.88 26,206,753,102
911, 940, 608
3.93 27,488,781,873
$193,250
2,019,527
23,693,218
120,374,247
324, 564,988
470,050,045
$11,835
81.78
988,976
49.83
20,328,381
42.54
114,426,188
40.26
383, 759,982
35.16
66.66 5,872, 450, 559
$26,404
5.01
56,189
24.40
36.50
5,209,214
38.28
26,175,934
41.58
84, 475, 419
22.41 1,046,346,353
11.17
1.39
9.35
8.76
9.15
3.99
17,940,895,275
65.27 6.391.965.921
23.25 1.162.289.513
4.23
of $25,000
of $25,001 to $50,000
of $50,001 to $100,000
of $100,001 to $200,000....
of $200,001 to $500,000....
17,
of $500,001 and over
Total
Percent
PerPercent Miscellaneous cent
3.32 1,081,690,556
Total
investments
8
S
TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 81, 1954
Location
Alabama
Alaska
Arizona.-.Arkansas
California
ColoradoConnecticut
Delaware..
District of ColumbiaFlorida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa.
Kentucky..
Louisiana...
Maine
Number
Total
Total banking
Number
with aunumber assets
of banks
of banks
thority
to
exercising
but not authorized
exercise authorized
exercise
fidufiduciary exercising to
ciary
powers
powers
fiduciary fiduciary
powers
powers
31
3
2
20
19
29
31
5
6
33
20
1
4
109
90
46
35
52
18
25
$1,050,954,602
87, 815,106
528,927,192
437,935, 219
14,132,849, 226
916,890,972
1,057,850,826
24,995,131
874,788,045
1, 613,430,451
1,199,140,836
205, 567,418
394,346,960
9,158,406,427
2,331,350,869
780,132,318
783,999,321
684, 555,052
1,623,012,295
260,093,785
Personal account liabilities
Living trusts
$136,352,035
0)
0)
37,846,308
739,841,830
106,362, 791
157, 529, 502
367,867
158,644, 511
116,852,821
63,452,004
0)
1,294,038,623
136,262,125
21, 233, 749
37,167,332
15,640,181
36,871,612
27,348,143
Court accounts ^
u
S
lian, etc.
$48,158,363
(l)
$242,672,004
7, 512, 748
654,135,916
33,967,052
239, 247,940
1, 553,140
15,879,019
131,689,761
106,588,099
8,625,966
1,093,940,345
190,988,629
325,499,327
20,718
190,169,252
300,198,910
196,812,666
(0
0)
149,762,569
128,869, 581
25,176, 743
21,096,818
29,035,990
9, 548,054
32,086,503
0)
(0
0)
6,428,027,892
110,246, 551
32,966,337
130,217,978
6,973,242
348,827,029
50, 781,422
All other
liabilities
$48,960,622
0)
(l)
5,013,379
160,729,820
6,180,751
5,545,412
2,399
2,742,343
23,043,382
107, 885,372
0)
631,268,438
285,835, 784
683,857
2,013,794
1,170,299
100,400,875
8,637,804
3
Maryland—
Massachusetts- _.
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire.
New Jersey
New Mexico
New York
North Carolina..
' North Dakota. _.
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island...
South Carolina..
South Dakota. _.
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia...
Wisconsin
Wyoming
Total
7
1
7
12
5
28
77
3
4
2
20
15
9
30
19
62
16
20
30
13
2
6
1
6
5
1
21
68
17
26
35
14
6, 744,191,925
491,007,624
512, 735,339
221, 712, 702
1,799, 770, 614
6, 679,675,284
211,468,019
132, 458,861
1,368,198,186
2,128, 661, 525
470, 219,235
629,384, 983
212,435, 248
1,503
256
1 , 759
99, 072,983, 367
198
2
97
2
8
1, 262,196,148
8, 270, 693,631
170,274,892
18,650,463
900,621,878
205,393,116
104,026, 684 1,008,078, 746
112, 224, 761 1,046,130,988
2,922,671
6,666,380
369,982,725
31,687,478
655, 908
3, 230, 876
28,608, 474
210,344, 938
2
2 46, 332,043
49,318, 824
12, 587,326
16, 608,168
489, 911,945
174,008, 615
7, 201, 234
2, 749,010
392, 288, 793 13, 398,125,363
22, 601, 596
38,019, 713
6,326,204
4, 918, 209
633,379,883
307,675,923
250, 576,095
8, 614,373
81,622,675
23,677,149
669, 271, 999 1, 220,026,968
(3)
26, 313,979
4, 464,110
109, 593,309
511, 584, 294
0)
* 149,108, 794
85,190,391
216,932, 512
28,118, 591
70,114, 888
4, 739,698
27,080, 486
6,866,051
81,189, 707
75,481,903
0)
< 17,207, 652
153, 858,940
39,932, 638
35,866, 622
68, 829,152
4,302,922
(3)
37, 740,348
4, 617,016
161,836,490
253,253, 512
n\
« 117,395, 574
348,278,004
100,085,305
5,346,092
158, 921, 713
15, 487,193
4, 342, 563, 377 30, 737, 633,593
154, 871, 551
346,494,457
194, 850,122
409, 364,045
129,625
41,071, 203
3,406,934
16, 778,072
2
4, 418,812
163,798
49.999,949
1, 333, 934
873, 709, 549
1, 850, 242
70,496
517,639,130
49, 936, 009
927,255
244,849, 724
(3)
5,085,501
823,235
37,685,002
103, 290,388
0)
W
W
S
2
g
H
-
2
^
j
M
£
"
Q
o
&
g
3
<93,
2, 735,643
763,055
34, 490, 484
1, 752,113
5, 994, 405
179,370
2
2
2
£
w
#
4, 587, 778, 434
©
125
191
2
90, 220, 894
807,169,669
19
239, 627,016
84 3, 567,318,069
188,217, 981
22 3, 286,883,964
162, 447,041
25 1, 906, 496, 614
7,007,363
251, 264, 776
17
142, 577, 719
33 1,988, 536,901
3,145, 267
213, 748,113
10
693, 599,191
30, 446, 815
16
2 49,898, 871
216, 502,818
3
8, 397,648
205, 700,088
32
81,136,331
120 2, 788, 526,323
7, 773,061
240,
423,672
'7
147 15, 651,379, 812 1,072, 567,322
25,349,
604
554,
794,081
26
3,495, 776
89,889, 739
6
444,410,
240
3,
860,917,665
48
51,325,869
26 1,302, 874, 959
108, 480, 665
5 1, 697,995, 317
6
16
4
4
3
7
2
7
1
11
14
3
6
2
2
5
THE CURRENCY
See footnotes at end of table.
13
68
18
21
14
26
8
9
2
21
106
4
141
24
4
43
19
4
TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 31, 1954—Continued
Number of
corporate Number of
trust bond all other
accounts
issue acAgency,
being adcounts
Court
escrow,
ministered
•
being
adaccounts custodian,
ministered
etc.
Number of personal accounts
Location
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
,.__
Delaware
District of Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Total liabilities
$476,143,024
0)
58, 998, 401
2,648,647,911
337,499,223
727,822,181
1, 944,124
367,435,125
571, 784,874
474,738,141
0)
8, 503,097, 522
661,214,041
80,060, 686
190,495,922
52,819, 712
495,647, 570
118,853,872
434,017, 800
1,692,136,467
1,495,173, 533
1, 730,166,835
16,726,039
585, 319,125
10, 438, 985
286,178,299
2
149, 968, 550
37, 756, 940
795,056,840
19,057, 239
15, 736, 691, 027
87, 821,155
14,810, 685
1, 903,105,176
360,452, 346
214, 707, 744
Living
trusts
1,503
8
595
8
302
6,952
1,221
1,816
17
1,501
1,776
945
905
10,110
1,464
3,513
110
246
1,588
1,341
33,681
2,330
492
753
396
551
426
1,188
1,971
2,384
235
2,030
86
535
2 847
250
1,397
224
4,342
531
186
6,352
3,609
641
360
1,461
702
677
554
2,424
1,715
3,184
232
435
45
424
21, 537
261
3,221
161
7,463
2,073
267
3,614
283
0)
513
1,563
0)
1,023
0)
W
86
7,140
1,514
2,361
3
881
1,450
821
341
0)
0)
0)
C1)
1,146
317
116
48
226
28
114
99
73
196
766
153
353
0)
0)
10,273
1,677
456
4,126
198
1,783
350
1,013
2,511
1,766
4,316
44
1,665
40
1,436
2 428
129
1,784
454
15,175
159
35
2,955
1,492
647
865
203
53
83
49
159
79
41
168
98
219
11
137
19
74
3
498
175
38
678
91
27
7,895
276
60
177
78
954
237
160
567
491
506
25
737
7
59
2 236
11
367
67
9,251
38
4
2,078
4,286
107
Total
number of
accounts
being administered
to
Trust deBond and
partment
debenture
gross
earnissues outings for
standing where year
ended
bank acts as
Dec. 31,
trustee
1954
of 27
$182,840, 817
25,687
4,468
8,091
130
2,729
5,124
3,972
171,248, 093
1.441, 475, 341
115, 932, 356
106,100,008
11,282,963
239, 899, 699
306, 294,148
0)
59, 280
8,095
1,702
5,499
2,182
4,149
1,769
2,956
8,268
6,041
10,609
547
5,004
197
2,528
2
3, 111
658
6,858
909
36, 729
2,976
530
13,058
6,665
3,033
0)
0)
0)
3,876, 098,057
407, 553, 647
16,155,068
103, 730, 755
3, 981, 350
151, 653, 453
126, 087, 738
210, 518, 535
499, 702, 382
408, 313, 333
113,046, 788
1,153,100
115, 219, 450
7, 951, 625
151,193, 002
2 26, 660,383
1, 485,090
83, 548,132
650,934
6,988,128,172
124,912,683
86,431,101
423,129,919
w
o
$1,141,000
8
248, 000
14,033,000
992, 000
2, 654,000
15,000
866,000
1,864,000
1,370,000
0)
14,090,000
1,925,000
499,000
486,000
382,000
545,000
416,000
684,000
3, 681,000
2, 964, 000
3,065, 000
73,000
1, 518, 000
33,000
573, 000
a 961, 000
140,000
2,090,000
196,000
14,872, 000
582,000
73,000
4,638,000
641,000
1,127,000
o
o
!
o
3, 396, 344,839
(3)
96, 220, 314
16, 770, 412
390, 304, 508
943,610,097
Pennsylvania-„Rhode Island. _.
South CarolinaSouth Dakota-.Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia...
Wisconsin
Wyoming
Total
0)
^286,475,075
681, 062,978
391, 440, 939
71, 083,418
303, 860,158
24, 709,183
-
47,938,669,035
12,589
22, 273
505
119
1,617
5,213
612
365
1,335
2,203
2,767
(3)
257
54
992
1,585
0)
0)
(40408
2,074
2,809
724
1,136
178
4 1, 752
4,165
1,209
1,732
2,348
260
106, 647
100, 510
1
2 Included withfiguresfor the State of Nevada.
3 Includesfiguresfor 2 banks in Alaska, 2 banks in Arizona, 2 banks in Idaho, and 1
4 Included withfiguresfor the State of Vermont.
6 Includesfiguresfor 2 banks in Rhode Island.
6 Includes 27 banks which have been granted only certain specificfiduciarypowers.
Corporate paying agency, depository, registrar, transfer agency, etc.
4 672
1,746
1,046
285
1,342
1,095
82, 032
779
0)
18
6
160
348
i 16
57
97
19
253
21
8,011
142
11
1,061
3,080
0)4
175
219
271
16
162
6
39, 074
(3)
1,534
555
5,165
12,429
0)
4 3, 023
8,261
5,432
2,776
5,241
1,560
335, 596
1, 328, 791, 558
47, 684,360
560,400
56, 790,035
803,931,964
(0
9,181,000
(3)
441,000
85,000
1, 369, 000
4,074, 000
0)
4 2, 256, 725
209, 596, 582
74,097, 043
4, 992, 316
60, 866, 225
391, 738
4 888, 000
2,032,000
1, 777, 000
442, 000
956, 000
79, 000
19, 485, 674, 990
100, 761,000
bank in Utah.
o
to
TABLE N O . 21.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1954
to
[In thousands of dollars]
00
Earnings from current operations
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
_•
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Number
of
banksl
Interest and dividends
on securities
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,
Trust
fees, and
departcollection
ment
and exchange
charges
Other
current
earnings
Total
earnings
from
current
operations
31
51
37
112
5
43
1,742
1,363
1,127
19,883
3,435
455
391
279
4,612
443
1,771
5,248
3,956
60.850
9,496
17,297
27
23
32
557
1
203
511
870
439
5,892
568
2,257
189
150
90
3,866
144
725
416
140
111
3,681
777
2,654
279
34,418
7,951
102, 873
843
10, 537
5,164
7,779
341
196
550
10
57
81,316
23,823
54, 761
253
6,441
6,847
34,462
7,371
20,954
78
1,299
701
239,961
53, 918
127,401
671
11, 516
11,106
5,250
330
1,515
16, 539
6,651
7,536
33
1,136
1,433
10,030
1,316
2,918
12
271
14,872
2,090
9,181
15
684
21,596
2,629
6,915
11
710
507
424,026
98,128
231,181
1,082
22,146
21,919
1,162
173,441
64,865
444, 573
7,304
33,328
14,895
27, 708
32,368
798, 482
132
75
46
26
52
76
71
25
40
442
53
89
75
10,117
5,481
3,502
4,254
6,148
15,251
7,318
1,602
11,628
41,323
3,190
5,742
11,113
2,229
746
800
630
1,796
3,037
2,573
773
2,194
10,831
1,352
1,103
2,658
27, 917
10,320
11,816
8,451
25,006
24,941
20,137
4,173
20,267
128,150
8,593
12, 546
34,069
227
124
205
21
239
349
260
8
130
3,644
35
221
310
2,522
708
1,343
1,335
2,914
4,315
2,065
556
2,339
8,512
936
1,059
1,799
633
298
541
746
2,154
1,385
1,021
524
1,061
3,087
628
179
1,659
2,032
442
582
441
1,370
1,864
1,141
73
545
4,074
248
382
1,369
1,241
694
617
302
2,057
3,028
1,469
219
2,282
12, 578
597
652
2,013
46,918
18,813
19,406
16,180
41,684
54,170
35,984
7,928
40,446
212,199
15, 579
21,884
54,990
1,202
126,669
30, 722
336,386
5,773
30,403
13, 916
14, 563
27, 749
586,181
218
350
141
6,052
986
1,212
9,584
8,535
6,175
105,393
15,850
32,987
S
O
o
178,524
o
f
f
o
d
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
234
123
389
77
95
178
96
77
36,333
19,649
89, 583
34,319
13, 777
16,154
7,120
14,043
6,159
2.672
16.832
5,286
2,850
3,983
1.609
2,756
70,453
32,489
133,154
59,296
21,697
42,929
12, 762
29,123
829
372
2,755
681
324
628
53
143
6,459
3,006
11,886
4,997
1,976
4,209
1,441
1,675
1,872
837
4,637
2,110
654
3,314
600
504
4,638
1,925
14,090
2,964
956
3,065
499
1,518
6,513
2,702
9,370
2,679
1,824
2,430
786
1,348
133,256
63,652
282,307
112,332
44,058
76, 712
24,870
51.110
1,269
230,978
42,147
401,903
5,785
35,649
14, 528
29, 655
27,652
788, 297
590
639
555
478
395
251
479
263
797
73
85
573
486
33
79
992
196
641
299
271
1,239
1,405
482
266
914
392
3,070
9,689
11,102
31,332
30, 578
10,835
7,385
31, 756
11,040
51,369
38
35
123
170
39
25
77
26
197
2,393
2,207
8,325
8,455
2,832
1,798
7 863
2,634
10,872
333
389
1,912
2,106
483
289
992
221
3,181
5,176
6,657
16,794
15,469
5,614
4,077
17,878
6,490
29, 708
71
87
79
156
118
105
276
136
154
754
767
1,855
2,023
878
520
2,362
708
2,946
730
47, 379
9,906
107,863
1,182
12,813
4,447
3,158
8,338
195,086
6,503
4,260
37,189
908
623
375
1,574
1,931
976
7,393
257
260
127
662
1,777
1,127
14,033
76
96
243
513
1,685
1,259
15,914
347
364
309
1,212
72, 533
53,131
490,871
14, 208
10,496
7,330
20, 554
32
13
73
11
9
5
3
11,813
9,489
86 967
3,368
2,526
1,703
2,866
4,257
2,984
24 565
304
263
283
797
43,753
32,487
294,633
8,838
5,969
4,153
12,420
814
549
10,177
110
395
137
510
146
118, 732
33,453
402,253
12,692
51, 432
11,606
17,865
21,090
669,123
64, 556
100, 728
126,156
3, 215, 693
490
228
51
33
81
182
1
4,116
6,243
242
Total United States (exclusive of possessions). _ 4,788
Alaska (member and nonmember banks)
The Territorv of Hawaii (nonmember bank")
Virgin Islands of the United States (nonmember bank).
Total possessions
.__
Total United States and possessions
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks (member banks) 2
Possessions (nonmember banks)
•-3
O
O
hi
w
o
731, 617
189, 044
1, 795,851
33, 579
174,162
6
1
1
995
1,201
55
199
285
4
1,808
3,894
129
213
297
453
2
8
2,251
488
5,831
213
752
769
33
264
10,601
o
33, 792
174,914
65,325
100, 761
126,420
3, 226, 294
d
3,535
1,422
19, 897
8,773
165
6,776
1,793
76, 446
89,176
723
7,420
2,349
24, 676
30,126
754
13, 431
12,052
47, 983
27, 262
33
18,840
5,812
53, 468
48.037
263
300, 740
156,621
1, 377, 487
1,381,132
10,314
n
4,796
5
10
195
4,579
7
733, 868
57, 672
47 807
293, 641
332, 521
2,227
189, 532
28,180
8 451
76, 240
76,173
488
1. 801,682
164,886
76,935
785,136
769,064
5,661
1
Number of banks as of end of year, but figures of earnings, expenses, etc., include those banks which were in operation a part of the year but were inactive at the close of
the year.
2 Includes 1 member bank in Alaska.
O
*i
hi
i—i
to
CO
TABLE NO. 21/—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1954—Continued
o
[In thousands of dollars]
Current operating expenses
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio
Indiana
Illinois
Fees paid
to directors Interest
Interest
Taxes
and mem- on time
and disother
Employees other
bers of
deposits count
Officers
on than on
than officers
executive, (including
borrowed
net
indiscount
savings
money
come
and addeposits)
comAmount Number* Amount Number visory
mittees
1,118
1,202
712
10,136
1,410
3,792
178
206
133
1,134
159
420
1,762
1,492
1,051
23,395
3,329
7,612
709
624
444
8,032
1,462
2,749
118
121
97
523
88
230
Recurring
Net earndepreciaings from
tion on
Other
Total
current
banking
current current
operahouse,
operating tions
furniture operating
expenses
expenses
and fixtures
1,346
731
1,401
4,234
2,584
2,536
7
10
3
139
16
52
292
227
101
2,593
788
758
122
165
127
2,032
422
745
1,729
1,708
1,024
19,600
2,478
6,263
6,494
5,656
4,516
62, 652
11,115
21, 988
3,090
2,879
1,659
42, 741
4,735
10, 999
18, 370
2,230
38,641
14,020
1,177
12,832
227
4,759
3,613
32,802
112, 421
66,103
32, 583
10,062
22, 427
138
2,167
2,329
3,239
1,315
3,042
31
331
232
87,642
20, 777
42, 291
159
4,121
4,596
27,251
7, 351
14,604
66
1,798
1,619
1,594
1,087
2,353
16
212
162
38,963
12,166
24,976
184
2,274
2,201
697
152
200
1
33
16
7,517
3,714
6,829
24
867
873
4,137
2,719
4,613
33
354
479
78, 942
16,852
33,873
132
3,344
3,356
252,075
67, 529
137, 562
687
13,372
14,012
171, 951
30, 599
93, 619
395
8,774
7,907
69, 706
8,190
159, 586
52, 689
5,424
80,764
1,099
19, 824
12,335
136, 499
485, 237
313, 245
5,325
2,157
2,719
1,932
4,678
5,596
4,387
1,153
4,265
26,061
2,330
2,908
5,816
813
331
344
261
548
742
539
159
442
3,244
338
495
750
7,827
2,957
3,684
3,396
8,575
11, 433
6,995
1,577
8,240
35,355
2,470
3,690
9,941
3,142
1,106
1,398
1,342
3,022
4,494
2,727
607
2,984
12, 845
1,027
1,533
3, 857
431
218
111
99
238
342
208
91
250
,208
208
237
239
6,998
2,134
1,426
614
2,173
3,484
2,421
548
2,637
12,038
1,212
1,607
6,604
86
15
30
7
155
56
22
1
87
258
3
27
130
1,440
465
446
172
1,861
1,229
360
373
2,198
12,185
516
856
2,245
998
533
502
360
883
1,728
688
116
728
4,360
248
424
1,033
6,502
2,769
3,533
3,045
10, 501
9,996
6,709
1,617
6,818
36, 731
2,887
3,619
8,770
29, 607
11, 248
12, 451
9,625
29,064
33,864
21, 790
5,476
25,223
128,196
9,874
13, 368
34,778
17, 311
7,565
6,955
6,555
12,620
20,306
14,194
2, 452
15, 223
84,003
5,705
8,516
20, 212
9,327
9,006
106,140
40,084
3,880
43,896
877
24,346
12,601
103,497
364, 564
221,617
12, 965
6,773
25,922
1,579
857
2,781
24, 584
12, 265
52, 725
8,277
4,282
16, 568
888
419
1,425
13,313
6,096
28,225
159
10
627
7,959
3,105
7,226
2,467
1,032
3,354
21, 715
10,430
46,375
84,050
40,130
165,879
49,206
23, 522
116, 428
2
i
O
t1
W
o
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States
North Dakota....
South Dakota
Nebraska
1
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 (member and nonmember banks)
The Territory of Hawaii (nonmember
bank)
Virgin Islands of the United States (nonmember bank)
Total possessions.
Total United States and possessions.
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks (member banks) 3
Possessions (nonmember banks)
1
2
8,884
4,984
8,808
3,724
5,399
815
591
1,147
501
647
26, 222
9,820
15, 637
4,100
10, 293
8,143
3,687
5,538
1,598
3,687
403
303
398
157
300
10, 772
5,219
7,836
2,583
3,668
230
30
126
35
58
4,030
763
997
567
823
1,703
837
1,124
392
788
18,170
8,488
13,394
4,520
8,835
70, 414
30, 444
48, 320
16,078
30,164
41,918
13,614
28,392
8,792
20,946
77,459
8,918
155, 646
51, 780
4,293
77, 712
1,275
25,470
11, 697
131, 927
485,479
302,818
1,251
1,625
4,751
4,832
1,343
1,115
3,576
1,390
7,168
190
251
610
772
191
153
481
188
1,076
1,508
1,753
5,273
4,833
1,915
1,262
6,144
2,351
8,468
651
741
2,024
1,885
741
448
2,239
851
3,224
60
59
306
287
58
83
259
63
270
1,053
1,132
1,083
2,030
699
880
3,998
977
3,077
10
10
82
15
3
10
18
1
130
148
161
1,026
920
628
208
516
369
667
162
223
517
356
226
166
368
313
1,271
1,529
1,933
5,865
5,474
1,916
1,000
4,945
1,955
8,995
5,721
6,896
18, 903
18, 747
6,788
4,724
19,824
7,419
30,046
3,968
4,206
12, 429
11,831
4,047
2,661
11, 932
3,621
21,323
27,051
3,912
33, 507
12, 804
1,445
14, 929
279
4,643
3,602
33, 612
119,068
76,018
7,694
5,959
37,547
1,899
808
756
2,360
924
880
4,485
243
112
111
271
16, 452
11,178
100, 547
2,362
1,751
1,573
4,867
5,362
3,570
28, 854
910
712
582
1,688
181
79
673
56
62
10
33
6,987
9,239
89, 288
2,214
1,386
864
1,900
85
38
364
11
20
1,116
13
14, 695
194
140
239
377
1,882
1,123
5,325
344
165
150
500
11, 847
6,654
57, 761
2,021
1,564
923
4,669
46, 244
35,047
308,200
9,101
5,896
4,515
14, 719
26,289
18,084
184, 671
5,107
4,60C
2,815
5,835
57,023
7,026
138, 730
41, 678
1,094
111, 878
531
17, 538
9,489
85, 439
421, 722
247,401
318, 936
39, 282
632, 250
213,055
17, 313
342,011
4,288
96, 580
53, 337
581
58
1,012
262
8
355
86
157
712
2,911
1,205
621
61
1,486
429
26
1,228
164
139
858
4,522
1,721
32
4
67
26
1
61
2
3
25
191
51
1,234
123
2,565
717
35
1,644
252
299
1,595
7,624
2,977
320,170
39,405
634, 815
213, 772
17,348
343,655
4,288
96,832
53, 636
525,371 1, 996,115 1, 230,179
18, 346
9,811
113,845
176, 993
1,175
1,232
652
11, 595
25, 808
118
64,051
28, 772
289,173
250,320
2,499
18,139
8,105
91, 203
95,626
699
459
201
2,942
13, 711
35
19, 388
12, 511
150,820
159,317
1,619
552
524
2,221
991
5,161
3,772
46,008
41, 642
249
1,210
1,031
19, 740
31,367
288
55, 834
24,397
210,706
232,926
1,508
Number at end of period.
Number of full-time and part-time employees at end of period.
3 Includes 1 member bank in Alaska.
777
523, 776 1, 988,491 1, 227,202
165,001
81,019
835,455
907, 267
7,373
135, 739
75, 602
542,032
473,865
2,941
TABLE NO. 21.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1954—Continued
CO
[In thousands of dollars]
to
Recoveries, transfers from valuation reserves, and profits l
On loans
On securities
Location
Maine
New Hampshire
Vermont..
Massachusetts
Rhode Island
Connecticut
All
Transfers other
Transfers Profits on
from
Recovsecurities Recovfrom
eries
valuation
eries valuation sold or
reserves
reserves redeemed
_
57
132
1
223
785
44
38
373
644
190
7,100
527
1,528
93
41
26
1,831
52
104
12
3
1,183
178
155
243
23
35
921
349
131
Losses, charge-offs, and transfers to valuation reserves J
On securities
Total
recoveries,
transfers
from
valuation
reserves
and profits
Losses
and
chargeoffs
778
843
252
12,043
1,106
2,000
194
343
39
1,133
12
142
On loans
Transfers Losses
to
and
valuation chargereserves
offs
31
95
2,541
260
248
135
62
21
143
12
20
All
Transfers other
to
valuation
reserves-
Total
losses,
charge-offs,
and transfers to
valuation
reserves
221
179
165
6,806
1,824
1,421
297
184
37
3,072
677
652
878
863
262
13,695
2,785
2,483
457
823
10,362
2,147
1,531
1,702
17,022
1,863
3,175
393
10,616
4,919
20,966
7,928
84
3,093
26,876
6,212
17,986
565
342
776
14,789
51
7,923
10, 559
775
1,493
32,010
2,666
7,584
5,488
1,406
12,367
1,467
1,355
48
27
160
336
94
95
2,368
1,219
2,805
2
263
151
737
184
852
11
61,612
7,608
31,898
36
1,839
1,813
16,658
174
10, 276
_
895
144
627
o
59
94
48
17
711
1,444
615
605
57, 261
5,649
33,884
13
1,731
2,217
Total Eastern States
1,728
11,116
53,927
1,759
23,259
13,017
104,806
6,808
27,202
1,845
44,415
20,485
100,755
136
48
87
13
7
41
15
58
2
588
3
10
235
520
176
86
33
7
47
70
297
22
202
1,801
131
77
51
6
13
41
760
61
108
236
59
74
93
45
170
206
195
110
422
5,505
58
96
157
4, 493
1,343
966
1,694
4,721
4,173
4,356
631
2,757
23,823
2,195
2,541
6,295
684
132
86
62
73
483
209
106
526
2,963
163
107
1,449
1,550
7
4
27
189
103
250
317
844
3,596
1,122
712
1,629
4 496
3,742
3,523
420
1,942
15,066
1 692
1,933
4,772
505
199
46
275
818
350
1,166
1,706
95
96
67
7
66
71
551
44
116
2,912
334
101
51
1,081
709
443
404
1,175
1,729
999
339
1,005
10,172
382
590
1,255
528
97
333
495
221
264
624
406
1,074
5,890
205
909
1,242
3,938
1,041
933
995
1,535
3,052
2,582
941
2,996
22, 755
1,434
2,873
5,703
1,243
2,548
44,645
3,000
1,362
7,190
59,988
7,043
6,653
4,511
20,283
12,288
50,778
1,137
58
434
1,101
14,028
5,964
291
164
749
141
626
628
17,265
8,056
2,552
681
7,185
1,054
614
215
4,490
1,979
2,020
2,902
16,861
6,831
Total New England States
NewYork
New Jersey
Pennsylvania
Maryland.
District, of Columbia
Virginia
West Virginia .
North Carolina
South Carolina
Georgia
Florida .
Alabama
._
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee _ _
.
Total Southern States
Ohio
Indiana
O1
101
224
i
1
13
102
21
A
O
Hk
O
*1
O
He
w
Illinois
Wisconsin
Iowa
Missouri
- --
Total Middle Western States
North Dakota
RnntTi T)akota
Nebraska
Kansas
Montana
374
140
86
729
68
83
3,131
7,223
1
21
4
18
1,204
2,198
97
260
81
71
38,697
30, 743
9,836
5,878
2,382
6,883
5,008
1,602
604
1,303
852
1,411
7,041
4,537
2,587
1,543
78
1,529
672
262
102
1,066
94
147
8,768
14,891
1,621
1,374
724
1,262
3,379
1,546
156
435
460
534
24,868
22,838
5,070
5,721
2,208
4,883
7,054
90, 752
1,935
11,288
5,165
119, 740
14,013
25, 554
3,172
35,109
11, 432
89,280
50
663
502
2,584
2,938
817
725
2,092
307
3,153
23
24
142
412
224
103
342
100
469
4
1
807
10
102
10
91
15
22
31
16
114
217
40
9
743
92
181
735
543
5,393
3,650
1,555
848
3,435
611
3,899
370
303
1,126
853
836
46
644
73
273
392
577
1,015
489
491
163
1,344
739
739
244
46
858
548
175
129
1 091
102
425
1,039
978
3,769
2,647
2,388
456
3 623
1,098
2,332
3
3
33
52
248
573
255
118
544
184
892
13,781
1,839
1,062
1,443
20,669
4,524
1,340
2,899
5,949
3,618
18,330
4,061
1,208
20,140
2,321
1,651
274
1,675
63
37
3,366
6
2
1
5
2,427
522
4,042
20
33
1
82
1,682
837
337
5
66
4,532
2,531
27,683
2,361
1,729
282
2,183
51
23
330
17
2
20
1,923
770
13,243
416
198
83
668
513
3,473
3,554
149
197
182
212
6,596
4,788
27,023
602
428
268
982
2,145
2,789
51
3,546
14
-
WvomiTiff
-- -
Colorado
New Mexico
Oklahoma
- -
107
30
52
1
167
1,639
43
320
97
74
Total Western States
Washinson
Oregon
California
Idaho
30
504
30,960
17,856
9,083
4,739
2.174
5,948
883
537
518
129
25
259
-
Nevada
Arizona
-
445
2,099
475
318
276
1,807
11
5
7
28
946
1,373
31,330
3,480
1,720
2,452
41,301
7,127
7,536
443
17,301
8,280
40,687
8,365
25,013
244,797
14,160
40,222
30,969
363, 526
41,378
71,460
13,263
133,673
61,022
320,796
57
52
1
23
135
2
49
311
27
389
58
7
26
91
8
100
11
119
1
3
1
90
173
665
18
1,368
5
-
Total Pacific States
Total United States (exclusive of
possessions)
Alaska (member and nonmember banks)._
The Territory of Hawaii (nonmember
bank)
- Virgin Islands of the United States (nonmember bank)
Total possessions
522
184
631
2
2
2
117
59
1
50
229
11
5,854
5
6
49
411
43
514
Total United States and possessions.
8,367
25,013
244,914
14, 219
40,223
31,019
363,755
41,389
71,460
13,312
134,084
61,065
321,310
New York City (central Reserve city)_._
Chicago (central Reserve city)
Other Reserve cities
Country banks (member banks) 8
631
577
3,145
4,014
7,278
1,998
12,724
3,013
21,044
13,642
122,673
87,438
117
104
132
6,355
7,569
59
13,928
2,816
17,970
5,509
9,481
677
11,904
8,908
49
52,466
19,842
174,771
116,451
225
1,462
2,481
17,879
19,557
10
15,685
4,658
42,524
8,593
1
266
1,628
11,379
38
26,446
5,003
58,295
43,929
411
2,681
1,893
33,331
23,120
40
46,275
14,301
153,657
106, 578
499
Possessions fnonmember banks)
1
Not including recoveries credited to valuation reserves.
8
Not including losses charged to valuation reserves.
* Includes 1 member bank in Alaska.
I
o
o
to
I
CO
CO
TABLE N O . 21.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1954—Continued
CO
[In thousands of dollars]
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
_
-
__
.
-
Total New England States
New York
New Jersey - Pennsylvania
Delaware
_
_
Maryland
District of Columbia
_ __ _
_
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas .
_.
Arkansas
Kentucky
Tennessee.. -.
_ .
_ _
Total Southern States
Ohio
Indiana
--
Federal
Net profits
before dividends
State
Ratios
Cash dividends declared
Taxes on net income
Profits
before income
taxes
On com- Total cash
On preferred stock mon stock dividends
declared
Capital
accounts 1
Net profits
before dividends to
capital accounts
Expenses
to gross
earnings
617
435
12,817
1,278
2,770
617
435
12,819
1,278
2,770
26,654
24,292
16, 644
309,121
30, 542
72,836
Percent
7.22
7.77
6.52
7.09
3.74
8.34
Percent
67.76
66.27
73.13
59.45
70.13
66.66
459
1,924
1,887
1,086
21,925
1,142
6,077
24,258
3,860
34,041
2
18,649
18,651
480,089
7.09
62.97
176 302
32,558
91,633
418
8 882
7,503
59 278
10,936
37, 773
127
4 611
4,358
7 884
109,140
21,622
53,860
291
4 271
3,145
66
49,268
7,003
26,267
150
2,528
2,064
49,334
7,062
26,269
150
2,528
2,064
1,311,723
213,813
784,822
4,535
63,471
49, 578
8.32
10.11
6.86
6.42
6.73
6.34
59.45
68.82
59.50
63.49
60.38
63.93
317, 296
117,083
7,884
192,329
127
87,280
87,407
2,427,942
7.92
60.77
4,048
1,547
1,484
1,445
3,346
3,446
3,155
543
2,338
20,292
1,374
1,658
4,472
4,048
1,547
1,484
1,445
3,346
3,451
3,155
543
2,338
20,295
1,374
1,658
4,472
110,464
51,323
46,142
32,618
83.105
119,783
83,684
17, 785
88,652
497,802
39,977
56,899
121,855
9.32
9.46
8.71
12.56
11.99
10.38
11.45
8.47
10.13
9.95
11.16
8.12
9.82
63.10
59.79
64.16
59.49
69.72
62.51
60.55
69.07
62.36
60.41
63.38
61.09
63.24
49,148
49,156
1,350,089
10.10
62.19
8.51
10.38
63.07
63.05
2,990
2,859
1,649
41,089
3,056
10, 516
1,066
972
508
16,007
1,725
3,980
62,159
17,866
7 867
6,988
7 254
15,806
21,427
15 968
2,142
14 984
85,071
6,466
8,184
20,804
7,569
3 011
2,968
3 030
5,840
8,991
5 843
635
6 007
35, 556
2,004
3,561
8,832
230,827
93,847
49,610
24,747
22,619
9,849
55
3,157
189
127
545
672
10,297
4.856
4,020
4,097
9 966
12,436
9,580
1 507
8,977
49, 515
4,462
4,623
11,972
136,308
26,991
14,898
732
2
59
2
5
3
8
1
10,815
3.773
732
10,815
3,774
317,223
143, 535
O
o
O
F
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 (member and nonmember banks)
The Territory of Hawaii (nonmember bank) _
Virgin Islands of the United States (nonmember bank)
Total possessions
-
Total United States and possessions
New York City (central Reserve city)
Chicago (central Reserve city;
Other Reserve cities
-Country banks (member banks) 2
Possessions (nonmember banks)
10.43
14.01
10.63
9.80
9.42
9.86
58.76
62.68
69.10
62.99
64.65
59.02
1,898, 598
10.39
61.59
17, 234
18,005
75,138
72, 798
16,023
14,147
70.823
18,918
131, 762
12.87
12.20
12.71
11.28
10.70
14.46
9.55
6.74
10.41
59.05
62.11
60.33
61.31
62.65
63.97
62.43
67.20
58.49
14, 468
434.848
10.97
61.03
4,660
4,965
52,461
928
821
633
1,543
134,009
111, 608
800,315
21,938
18, 546
11,614
30,800
10.09
6.83
12.20
19.58
17.45
12.95
13.54
63.76
65.96
62.38
64.06
56.17
61.60
71.61
66,000
66.011
1,128,830
11.69
63.03
299, 246
299, 510
7, 720,396
9.58
61.84
140
440
140
440
4,430
14,321
9.95
6.83
70.72
72.43
68
40
2
5
464
78,879
29,640
11, 650
16,346
5 736
13,107
24, 564
8,760
3,286
6,183
1,755
4,565
24,632
8,800
3,288
6,188
1,755
4,565
756,178
211, 553
109, 564
166, 746
60,908
132,891
2,226
197,247
116
63, 701
63,817
53
62
551
2,218
2,196
9,553
8,210
1,715
2 045
6,763
1 275
13, 720
819
839
2,561
1,903
806
484
2,205
612
4,239
819
839
2,561
1,903
806
484
2,205
612
4,239
1,041
47, 695
14, 468
10,697
6,755
82,347
2,394
2,538
1,325
2,632
1,449
5,343
176
126
235
13, 528
7,623
97,641
4,296
3,237
1,504
4,169
4,660
4,965
52, 450
928
821
633
1,543
248,015
108,688
7,329
131,998
11
1, 269,932
507,302
23, 012
739,618
264
951
1,693
507
715
3
441
978
130,257
49,823
18,380
28, 549
8,966
22,946
51,378
20,183
6,330
10,841
3,230
9,375
400
1,362
333, 278
133.805
3,664
3, 771
14,053
12,834
3,214
3,053
11, 744
3,134
22,890
1,393
1,513
4,500
4,624
1,499
1,008
4,606
1,859
8,619
78,357
29,621
24,225
15,827
185,331
6,866
5,901
2,829
7,036
375
11
48
20
28
15
15
406
6.90
78.93
2,692
1,242
3
1,447
595
595
19,157
7.55
71.92
1,272,624
508, 544
23.015
741,065
264
299,841
300,105
7, 739, 553
9.58
61.87
141,930
81,143
563,146
483, 738
2.667
46, 585
34,668
250,092
175,957
1,242
6,559
10, 710
5,743
3
88, 786
46,475
302,344
302,038
1,422
68
11
185
42, 503
17, 445
139,078
100, 220
595
42,503
17, 513
139,089
100,405
595
1,040, 568
499,075
3,082,990
3,097, 933
18, 987
8.53
9.31
9.81
9.75
7.49
54.86
51.73
60.65
65.69
71.49
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, 1953, June 30, 1954, and Dec. 31,1954.
2
Includes 1 member bank in Alaska
o
o
o
3
o
00
TABLE NO. 22.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31, 1954
[In thousands of dollars]
District District District District District District District District District District District District NonGrand
No. 2
No. 1
No. 3
No. 5
No. 6
No. 9 No. 10 No. 11 No. 12 i member total
No. 4
No. 7
No. 8
Earnings from current operationsInterest 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...
2
Number of officers
Number of
employees other than
officers 2
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
32,631
7,466
98,405
100,336
40,602
285,275
36,041
13,209
91,096
64,475
16,189
126,713
774
9,837
5,591
22,333
712
6,226
1,767
9,747
764
8,434
5,000
7,304
8,623
11, 217
16,968
23,686
1,852
3,146
4,412
3,321
11,373
10,381
170,040
506,008
156,694
17,417 41,159
36, 426 105, 728
2,120
13, 281
S3,587
36, 302 47,850
6,358 11,443
80,385 108,320
152,351
26,767
238,418
27,022
6,713
65,260
26, 529
5,681
65, 572
45,494
9,675
98,032
43,854
11,488
136,122
118,756
33,453
402,423
1,049
12, 696
3,977
21, 724
684
4,358
7,150
10,952
3,666
9,273
12,740
51,461
165
723
33, 792
174,914
2,829
5,016
4,000
6,564
5,810
9,585
8,205
20,045
16,054
2,434
1,799
3,271
5,153
3,302
3,855
2,886
3,910
7,—
3,489
4,190
13,216
11,621
17,865
21,091
754
33
263
65,325
100,761
126,420
243,966
144,088
203,317
15, 792
28,975
2 ~
23, 647
44,509
2,,
16, 461
26,413
2,287
22,394
40, 288
2,780
44, 628
99, 369
4,628
13,613
19,930
1,946
14, 536
22, 223
2,005
24,381
31,857
8, '
27,885 57,082
37,802 138,796
8,501
7,081
10,577
14, 857
10,838
15,818
31,960
7,708
8,239
11,821
IS, 801
487, 541 111, 541 118, 211 179,866
225, 298 669,410
41,696
2,227 733,868
488 189, 532
5,661 1,801,682
10,314 3, 226,294
1,175
2,499
118
320,170
634,815
89,405
699
218,772
1,113
2,355
2,315
1,471
1,210
1,234
2,144
1,042
707
1,314
1,314
1,094
35
17,348
11, 744
49,425
18,891
23,418
15,498
14,964
48, 428
9,638
12,138
13,097
12,892
111, 903
1,619
343,655
213
4,556
777
10,430
212
242
11,650
187
4,227
346
7,155
917
14,010
178
3,519
152
2,223
273
3,946
260
12,717
531
17, 541
249
4,288
96,832
3,375
31, 219
6,386
93, 523
3,270
24,066
4,766
37,081
3,198
22, 332
4,636
38, 669
6,584
81, 548
1,802
19,164
1,922
20, 537
3,239
31,000
4,670
39,198
9,500
85, 526
288
1,508
53,636
525,371
106,063
309,783
89, 526 129,686
297, 628
74,438
109,107
63,977
196,225
54, 562
189,913
43,773
70,759
146, 784
58, 564
97,182
73,631
42,655
136, 738 421,973
7,373 1,996,115
247,437
2,941 1,230,179
88,560
CO
Recoveries, transfers from valuation reserves, and profits:
On securities:
Recoveries
Transfers from valuation reserves.
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from valuation reserves.
All other
Total recoveries, transfers from valuation reserves and profits
235
369
469
1,855
588
103
948
1,373
62, 513
469
1,287
11, 217
7,519
13,954
15,685
31,330
117
244,914
727
10,412
4,094
328
503
296
1,021
130
374
1,551
940
1,376
1,899
775
5,840
3,480
1,721
2,453
59
49
14,219
40,223
31,019
19,809
85, 715
14,100
9,648
20,145
24,890
41,305
225
363, 755
1,376
1,682
2,259
1,822
8,077
14,126
2,382
4,421
3,021
2,235
3,160
1,082
3,108
1,088
7,128
7,536
10
41,389
71,460
2,483
5,003
3,282
3,110
10, 650
5,959
454
17,301
8,283
38
411
40
13,312
134,084
61,065
40, 702
499
321,310
453
785
9,485
1,014
8,050
499
266
1,302
3,261
343
531
9,879
133
1,078
16,924
32, 208
7,695
26,388
2,104
1,491
1,682
890
14,878
11, 257
683
1,188
702
478
7,486
1,545
376
556
443
623
143
908
16,000
68,297
11,033
40,460
12,128
1,837
2,946
3,428
17,061
2,313
935
3,290
16, 526
1,914
6,055
8,367
25,013
Losses, charge-offs, and transfers to valuation reserves:
On securities:
Losses and charge-offs
Transfers to valuation reserves. _.
On loans:
Losses and charge-offs
Transfers to valuation reserves...
Allother
Total losses, charge-offs, and transfers to valuation reserves
390
10,445
4,772
850
34,004
6,662
509
4,780
6,023
1,091
8,393
8,905
326
4, 774
2,633
786
5,490
3,267
1,065
26, 844
7,935
694
2,789
2,341
1,516
3,200
963
20,390
62,005
14,560
38, 205
10, 791
13, 624
58,047
12, 627
10,935
15,010
23, 915
Profits before income taxes
59, 587 202, 517
55,037
99,437
55, 899
79,816
217, 581
44,128
42,486
75, 894
89, 535 248,040
23,428
3,747
68,173
7,997
20,398
44,493
25,344
127
85, 894
379
17,353
394
16, 242
1,498
28, 507
990
37,059
6
108,688
7,329
25,471
31, 723
545
32, 268
86, 273
17, 747
17, 740
29,497
37,065
116,017
1,245
531, 559
1,422
741,065
Taxes on net income:
Federal
State
•.
Total taxes on net income
27,175
76,170
20,398
44, 493
Net profits before dividends
32,412
126,347
34,639
54,944
30,428
47, 548 131,308
Cash dividends declared:
On preferred stock
On common stock
Total cash dividends declared
2
17, 996
122
55, 315
5
16,572
23,301
12, 965
5
14, 536
17, 998
55, 437
16,577
23,301
12,965
178
601
32
3,386
663
182
1,438
29
2,227
108
10, 253
1
2,336
1,680
6,336
2,237
Memoranda items:
Recoveries credited to valuation reserves (not included in recoveries
above):
On securities
On loans
,
Losses charged to valuation reserves
(not included in losses above):
On securities
On loans
Stock dividends (increases in capital
stock)
See footnotes at end of table.
2,667 1, 272,624
1, 242
3
508,544
23,015
26,381
24, 746
46,397
52, 470 132,023
111
39, 317
9,772
5
9,402
12, 895
3
21,175
11
66,000
595
264
299,841
14, 541
39,428
9,772
9,407
12,895
21,178
66, Oil
595
300,105
819
726
1
4,871
685
752
24
1,700
55
2,086
447
9,362
216
919
27,305
1,066
2,419
18
1,313
62
2,235
154
6,891
52
1,764
1,247
1,406
5
3,249
12
5,274
5,326
14,230
289
8,080
53,886
5,013
2,256
5,040
23, 225
2,810
1,226
3,495
8,572
17,947
50
79,887
TABLE N O . 22.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31, 1954—Con.
[In thousands of dollars]
District District District District District District District District District District District District NonGrand
No. 2
No. 3
No. 6
No. 1
No. 4
No. 5
No. 7
No. 8
No. 9 No. 10 No. 11 No. 12 i member total
Number of banks2
Loans
Securities
Capital stock (par value).
Capital accounts, _
472
268
510
303
570
322
343
618
4,796
147
415
33:
2,103,162 7,035,808 1,834, 5322, 749,987 1,615, 722 2,140, 7475, 612,035 1,395,092 1, 290, 7211,959, 673 2,922,473 ',
7, 745, 276112,842 38, 518,070
2,058,351 7,240, 226 2,332,939 3,987; 665 2,106, 66:2,987,036 1,973,
544 1,671, 458 1,603,936
', 483, 779129,274 46,025,
8;
936 "t,
2\ 835, 5561,614,758 7,
131, 236 467,590 125,899 217,393
1,918 133,483 381, 265 82, 739 62, 863 124, 775 195,621 363, 968 5,476 2,386, 226
463,033 1, 486,092 477, 659 715,309 349,371 442, 754 1,
, 182,838 281, 807 241,166 427,104 524, 433 1,129,000 18,987 7, 739, 553
Eatios:
To gross earnings:
Interest and dividends on se Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent
curities
23.58
27.85
31.43
33.06
29.16
26.32
29.61
36.74
30.24
24.56
28.62
27.25
30.67
22.74
56.38
58.14
51.94
53.28
54.89
Interest and discount on loans. __
57.87
55.79
48.90
58.51
60.42
55.85
60.11
55.47
54.50
Service charges on deposit accounts
4.41
5.79
5.85
6.24
4.46
4.12
5.42
3.97
4.00
3.91
6.09
6.05
7.
7.01
12.76
All other current earnings
11.36
11.32
6.46
11.00
8.7;
9.90
11.78
7.34
11.23
10.90
9.46
10.11
8.74
Total gross earnings..
Salaries, wages and fees
Interest on time deposits. __
All other current expenses.
100.00
32.32
6.91
23.15
29.49
9.77
21.96
30.05
12.06
20.52
28.54
9.60
22.03
100.00
100.00
100.00
100.00
100. 00
100.00
100. 00
100. 00
100. 00
100.00
30.59
10.76
20.78
31.44
7.36
24.99
29.98
9.93
21.14
31.01
8.64
22.11
31.69
10.27
21.01
32.00
7.28
21.38
29.74
5.72
25.23
29.42
16.72
16.90
35.96
15.70
19.83
30.14
10.65
21.08
Total current expenses...
62.38
61.22
62.63
60.17
62.13
3. 79
61.05
61.76
62.97
60.66
Net current earnings..
To loans: Interest and discount on
loans
To securities: Interest and dividends
on securities
To capital stock (par value):
Net current earnings
Net profits before dividends
Cash dividends..
To capital accounts:
Net current earnings
Net profits before dividends
Cash dividends
37.62
38.78
37.37
39.83
37.87
36.21
38.95
38.24
37.03
39.34
5.06
4.25
4.
5.08
5.00
4.66
1.
2.00
2.02
2.01
1.95
2.12
1
3
63.04
71.49
61.87
28.51
38.13
5.20
5.02
4.68
2.03
2.10
2.01
19.31
4.
4.05
4.97
4.61
1.95
1.95
2.11
2.02
2.02
48.75
24.70
13.71
41.97
27.02
11.86
46.52
27.51
13.17
44.70
25.27
10.72
58.10
32.40
13.80
55.16
35.62
10.89
49.81
34.44
10.34
51.55
31.88
11.81
69.63
39.36
14.96
56.71
37.18
10.33
45.27
26.82
10.83
67.98
36.27
18.14
53.71
25.97
10.87
51.55
31.06
12.58
13.82
7.00
3.89
13.20
8.50
3.73
12.26
7.25
3.47
13.59
7.68
3.26
15.62
8.71
3.71
16.63
10.74
3.28
16.06
11.10
3.33
15.14
9.36
3.47
18.15
10.26
3.90
16.57
10.86
3.02
16.89
10.01
4.04
21.92
11.69
5.85
15.49
7.
3.13
15.89
9.58
3.88
Includes 1 member bank in Alaska.
Number at end of year. Remainingfiguresinclude earnings, expenses, etc., of those banks which were in operation a part of the year but were inactive at the close of the
year.
NOTE.—Thefiguresof loans, securities, capital stock and capital accounts are averages of amounts reported for Dec. 31, 1953, June 30, and Dec. 31,1954.
CO
00
TABLE NO. 23.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1954
TOTAL UNITED STATES AND POSSESSIONS
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31, 1954, of—
Number of banks
Total deposits
Capital stock (par value) Capital accounts
Earnings from current operations:
Interest and dividends on:
U. S. Government obligations
O ther 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 t h a n 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 t h a n on net income
Recurring depreciation on banking
house, furniture and fixtures
Other current operating expenses
$500,000
and
under
$500,001
to
$750,000
25
10,317
700
1,606
75
48, 218
2,318
6,383
65
12
312
353
85
1,254
122
1,668
1,003
683
109,196 1,064, 283 5, 598, 655 7,074, 001 10,433,189
155, 523
33, 957
141, 735
4,744
231,197
576, 339
116, 816
513,103
14,489
777,184
169, 747
540, 441
235
115
7, 892, 978
164, 612
516, 464
125
26, 627, 951
532, 573
1, 734, 220
Total
4,770
23
39,046, 414 105,941,568
1,041,168 2, 478, 274
3, 288, 551 8,085, 596
881
176
2,739
8,925
1,862
23, 261
46, 780
11,092
108, 711
57,149
14, 538
129, 764
82, 773
19, 937
181, 982
62,185
13, 592
130, 310
55, 640
12, 277
123, 232
175,114
31, 689
419,043
238,353
82, 719
665, 662
728,218
187, 979
1, 786, 270
3
20
14
264
102
2,038
701
10, 854
1,021
15, 432
2,306
24, 524
1,908
17, 842
1,497
14, 270
6,362
35, 727
19, 664
51, 793
33, 582
172,857
15
121
77
1,186
24
763
4,434
522
4,226
5,041
1,726
5,836
7,295
6,620
10, 741
4,812
6,533
10, 558
4,057
7,548
9,778
16,026
33, 232
36, 487
21, 714
44, 257
46, 379
64, 759
100, 463
124, 884
4,272
38,161
187, 320
230, 507
336,178
247, 740
228, 299
753, 680
1,170, 541
3,199,012
1,080
403
8,253
4,036
32, 880
24, 832
33, 360
36, 762
41, 451
63,102
27, 589
51,360
23, 827
47,125
67, 285
164, 247
80, 844
237,419
317, 260
629,441
433
154
23
537
132
45
82
778
3,558
3,178
3,181
1,526
1,205
2,258
1,338
17,157
18
161
391
4,253
23,153
28,691
40,385
27,030
21, 610
61, 437
132, 766
339,895
53
106
26
1,119
105
5,579
129
7,151
183
9,915
186
7,267
362
7,322
1,379
24,993
1,872
32, 488
4,242
96,009
36
294
84
752
5,761
4,320
28, 011
5,221
36,335
7,870
57,632
5,541
44,865
4,328
42, 649
12, 978
137, 479
11, 796
166, 575
52, 927
520,368
2,844
24, 978
122, 438
150,827
223, 719
165,364
148, 428
472, 056
665, 098
1, 977,299
1,428
13,183
64, 882
79, 680
112, 459
82,376
79, 871
281, 624
505, 443
1, 221, 713
Total current operating expenses
N e t earnings from current operations
$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
to
to
to
to
to
to
to
$1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000 and over
623
TABLE NO. 23.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1954—Continued
T O T A L U N I T E D S T A T E S A N D POSSESSIONS—Continued
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31,1954, of—
$500,000
and
under
Recoveries, transfers from valuation
reserves, and profits:
On securities:
Recoveries
Transfers from valuation reserves
Profits on securities sold or
redeemed
On loans:
Recoveries
Transfers from valuation reserves.
All other
Total recoveries, transfers from
valuation reserves and profits
Losses, charge-offs and transfers to
valuation reserves:
On securities:
Losses and charge-offs . . .
Transfers to valuation reserves
On loans:
Losses and charge-offs
Transfers to valuation reserves
All other
Total losses, charge-offs, and transfers to valuation reserves
Profits before income taxes
Taxes on net income:
Federal,
State
Total taxes on net income
N e t profits before dividends
$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
to
to
to
to
to
to
to
$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 and over
3
Total
1
99
25
404
106
945
206
1,047
344
871
1,083
679
389
2,014
8,291
2,287
13,381
8,350
23,825
12
37
484
4,812
10,378
22,471
23,778
23,376
68,269
89,587
243,204
17
58
7
11
100
6
9
566
63
130
1,988
260
624
1,684
285
1,396
1,556
416
2,030
873
392
1,622
607
240
1,615
2,984
2,566
6,975
3,690
31,028
16,135
14,123
35, 256
30, 554
24
84
153
1,367
8,194
14, 894
27,864
28,619
26,906
91,099
156,108
355,312
7
17
4
225
18
2,082
301
3,476
642
4,994
1,828
3,965
1,912
5,145
2,357
11,371
22,199
9,863
41,850
41,145
71, 111
156
15
8
145
27
26
1,241
443
354
3,466
3,792
2,005
2,569
5,852
3,726
2,018
9,606
4,880
988
8,158
2,784
622
10,901
5,096
1,682
27, 517
18,276
285
66,927
23,719
13,204
133, 238
60,883
32
9
41
186
219
2,281
11,646
16, 265
23,326
17,807
24,121
81,045
142, 644
319, 581
127
521
1,362
12,269
61,430
78,309
116, 997
93,188
82,656
291,678
518,907
1, 257,444
29
1
147
10
336
17
3,307
157
17,978
638
26,002
812
41,688
1,333
35,220
734
34,147
905
131, 552
4,930
214, 260
13,300
504, 666
22,837
30
157
353
3,464
18,616
26,814
43,021
35,954
35,052
136,482
227, 560
527, 503
97~
364
1,009
8,805
42,814
51, 495
73,976
57,234
47,604
155,196
291,347
729,941
Cash dividends declared:
On preferred stock
On common stock__.
co
Total cash dividends declared
» Memoranda items:
^
Recoveries credited to valuation
i
reserves (not included in recoveries
,Jj,
above):
v\On securities
I
On loans
Losses charged to valuation reserves
^
(not included in losses above):
o
On securities
54
1
150
351
3
3,240
19
14, 877
38
16,329
73
24,154
16, 585
14
16,083
108
59,907
146,431
256
298,161
54
151
351
3,243
14,896
16,367
24,227
16, 585
16,097
60,015
146,431
298, 417
5
35
244
4
1,344
16
2,139
85
2,524
7
1,735
1,719
721
5,143
86
12,300
919
27,188
12
42
437
18
3,224
32
4,788
66
5,261
52
3,275
11
4,121
3,809
9,219
4,092
23, 252
8,080
53,631
5
50
234
2,754
3,632
7,021
8,809
6,657
23,950
25, 525
78,637
17
11
6
4
25
17
8
5
35
23
12
8
55
36
19
13
112
73
39
26
230
150
80
51
492
327
165
108
1,054
704
350
244
1,985
1,291
694
414
6,029
3,776
2,253
1, 242
50,893
28,917
21, 976
12,667
671
415
256
153
i
$1.40
.94
$1.29
.75
$1.31
.92
$1.24
.83
$1.16
.76
$1.13
.73
$1.08
.71
$1.03
.71
$1.01
.60
$1.06
.58
$1.29
.75
$1.15
.69
o
8.97
6.04
3.36
9.76
5.70
2.37
9.86
6.96
2.42
11.29
7.54
2.78
12.65
8.34
2.90
13.83
8.93
2.84
14.47
9.52
3.12
15.24
10.59
3.07
15.46
9.22
3.12
16.24
8.95
3.46
15.37
8.86
4.45
15.11
9.03
3.69
61
178
299
1,964
6,234
5,176
5,426
3,090
2,518
6,478
7,858
39, 282
21
91
240
2,118
10,880
14, 575
23,832
18, 581
17, 497
55,927
69,427
213,189
On loans
Stock dividends (increases in capital
stock)
Average per bank:
Gross earnings from current operationsCurrent operating expenses
.
Net earnings from current operations—
Net profits before dividends
Per $100 of deposits:
Net earnings from current operations..
N e t profits before dividends
Per $100 of capital accounts:
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
_
_
g
F
NOTE.—The deposits, capital stock, and capital accounts shown in this table are as of end of period, Capital accounts represents the aggregate book value of capital stock,
surplus, undivided profits, reserves and retirement fund for preferred stock.
d
142
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 24.—Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1952-54
[In thousands of dollars]
Number of banks
l
Capital stock, par value 2
Capital accounts 2
1952
1953
1954
4,916
4,864
4,796
2,177,888
6,875,134
2,263,746
7, 235,820
2,386,226
7,739,553
Amount
Earnings from current operations:
Interest and dividends on:
U. S. Government obligations
164,228
Other securities..
Interest and discount on loans
1, 536, 789
Service charges and other fees on banks'
24,137
loans
136, 272
Service charges on deposit accounts
Other service charges, commissions, fees,
53,635
and collection and exchange charges
80, 627
Trust department
121,191
Other current earnings
Percent
to total
Percent
Amount
23.04
694, 815
5.97
176, 433
55.87 1, 751, 596
Total current operating expenses
Net earnings from current operations
Recoveries, transfers from valuation reserves
and profits:
On securities:
Recoveries
Transfers from valuation reserves
Profits on securities sold or redeemed._.
On loans:
Recoveries
Transfers from valuation reserves
Allother—
-
271, 744
535,618
86,778
197,181
22.75
5.87
55.85
4.95
28,073
150,490
.91
4.91
33, 792
174, 914
1.05
5.42
1.95
2.93
4.41
60,920
85, 990
119, 619
1.99
2.80
3.90
65, 325
100, 761
126, 420
2.02
3.12
3.92
100. 00 3, 226, 294
100. 00
Total earnings from current operations___. 2, 750, 567 100.00 3, 067, 936
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
Number of officers *
Number of employees other than officers 1.
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
22.65
733,868
5.75
189, 532
57.09 1,801, 682
Percen
tomal t
16.35
32.23
298,121
595, 596
16.16
32.29
88,077
206f589
14, 545
320,170
634,815
89,405
218,772
16.04
31.80
16,094
.87
17,348
.87
260,995
12, 711
78,646
15.71
.76
4.73
299, 064
14,362
84, 517
16.22
.78
343, 655
4,288
96,832
17.22
.21
4.85
42, 205
445,350
2.54
26.80
47, 388
489,366
2.57
26.53
53, 636
525,371
2.69
26.32
100.00 1,844, 508 100. 00 1, 996,115
100.00
1, 661,814
1,088, 753
1, 223, 428
1, 230,179
6,884
14,844
20,165
8.49
18.30
24.87
7,876
15, 226
23, 459
9.60
18.57
28.60
8,367
25,013
244, 914
2.30
6.87
67.33
11, 654
14,949
12, 604
14.37
18.43
15.54
16, 502
5,328
13, 626
20.12
6.50
16.61
14, 219
40, 223
31, 019
3.91
11.06
8.53
Total recoveries, transfers from valuation
reserves and profits
_
.__
81,100
100.00
82, 017
100.00
363, 755
100.00
Losses, charge-offs, and transfers to valuation
reserves:
On securities:
Losses and charge-offs
Transfers to valuation reserves
On loans:
Losses and charge-offs
Transfers to valuation reserves
Allother
61,233
16, 739
30.12
8.24
96,676
31, 454
36. 27
11.80
41, 389
71, 460
12.88
22.24
11, 349
83,978
29,982
5.58
41.31
14.75
15,494
77,164
45, 763
5.81
28.95
17.17
13, 312
134,084
61, 065
4.14
41.73
19.01
Total losses, charge-offs, and transfers to
valuation reserves
203, 281
100.00
266, 551 100.00
321, 310
100. 00
See footnote a t end of table.
143
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O , 24.—Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1952-54— Continued
[In thousands of dollars]
1953
1952
1954
Percent
Percent
Amount Percent
to total Amount to total Amount to total
Profits before income taxes
Taxes on net income:
Federal
State
-
Total taxes on net income—
Net profits before dividends.
Cash dividends declared:
On preferred stock
On common stock. .
..
Total cash dividends declared
Memoranda items:
Recoveries credited to valuation reserves
(not included in recoveries above):
On securities
_ .
On loans
Losses charged to valuation reserves (not
included in losses above):
On securities
On loans
Stock dividends (increases in capital stock).
Ratios to gross earnings:
Salaries, wages, and fees
Interest on time deposits
All other current expenses
Total current expenses
966, 572
1,038, 894
1, 272, 624
387,963
17,128
446,687
18, 920
508, 544
23,015
405,091
465,607
531,559
561,481
573,287
741,065
400
258,663
332
274,884
259,063
275,216
2,375
21,342
449
19,830
919
27,305
15, 291
40,973
77, 526
22,448
53,039
50,403
8,080
53,886
79,887
__
Percent
29.88
9 49
21.05
Percent
29.65
9 75
20.72
_
60.42
60.12
61.87
39 58
39.88
38.13
11.90
3.77
12.16
3.80
12.58
3.88
Net current earnings
Ratio of cash dividends to capital stock (par
value)
Ratio of cash dividends to capital accounts
Percent
30.14
10.65
21.08
1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which
were in operation a part 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 year indicated
and the December call date in the previous year.
NOTE.—Earnings and dividends figures for 1869 to 1937 were published for the years ended August 31
or June 30 and appear in the table beginning on page 96 of the Comptroller's Annual Report for 1937.
Similar figures for 1938 through 1941 appear in table 26 on page 136 of the 1941 report. Calendar year figures
are available, beginning with the year 1917, and are published in the Comptroller's reports as follows: 1938,
p. 100; 1940, p. 17; 1942, p. 34: 1943, p. 30; 1946, p. 98; 1949, p. 100, and 1951, p. 118.
TABLE NO. 25.—Number of national banks, capital stock, capital funds, net profits, dividends, and ratios years ended Dec. 81, 1929-54
[In thousands of dollars. Figures for previous years published in report for 1938, p. 115]
Cash dividends
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
1948
1949
1950
1951
1952
1953
1954
.
7,408
7,038
6,373
6,016
3 5,159
* 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
4,997
4,981
4,965
4,946
4,916
4,864
4,796
1
2
Preferred Common
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
25,128
20,979
16,079
12,032
6,862
5,512
4,797
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, 779,362
1,863,373
1,949,898
2,046,018
2,171,026
2,258, 234
2,381,429
Total
1,650,574
1,724,028
1,680,780
1,597,037
1,600,303
1, 709,043
1,791,324
1, 706, 528
1,591, 788
1, 577,738
1, 561, 521
1, 532,315
1, 523,454
1, 511,123
1, 508,170
1,551,116
1,616,884
1,699,833
1,769,205
1,804,490
1,884,352
1,965,977
2,058,050
2,177,888
2,263, 746
2,386,226
Capital
accounts l
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
4,114,972
4, 467,718
4,893,038
5,293,267
5,545,993
5,811,044
6,152,799
6, 506,378
6,875,134
7, 235,820
7,739, 553
Averages of amounts from reports of condition made in each year.
Deficit.
3 Licensed banks, i. e., those operating on an unrestricted basis.
Net
profits
before
On predividends ferred
stock
291,944
158,411
54, 550
2
164,737
2
286,116
2
153,451
158,491
313,826
228,021
198, 649
251, 576
241,465
269, 295
243,343
350,457
411,844
490,133
494,898
452,983
423,757
474,881
537, 610
506,695
561,481
573, 287
741,065
2
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
1,304
1,100
712
615
400
332
264
On common
stock
226,662
211,272
193,196
135,381
71,106
80,915
94,377
101,850
110,231
113,347
122, 267
125,174
124,805
121,177
125,357
139,012
151, 525
167, 702
182,147
192,603
203,644
228,792
247,230
258,663
274,884
299,841
Ratios
Cash divi- Cash diviNet profits before dividends on Total cash
dends on
dends
common dividends
preferred
stock to
to capital
stock to
common
accounts To capital To capital
preferred
capital
accounts
stock
capital
Percent
.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
5.19
5.24
4.43
5.11
5.83
6.02
5.50
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
10.82
10.93
11.73
12.08
11.91
12.17
12.59
Percent
6.04
5.39
5.15
4.07
2.40
3.05
3.67
3.82
3.80
3.74
3.88
3.85
3.69
3.47
3.41
3.51
3.48
3.48
3.47
3.50
3.52
3.73
3.81
3.77
3.80
3.88
Percent
17.69
9.19
2
3.25
2
10.32
2
17.88
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
23.48
25.20
27.35
24.62
25.78
25.32
31.06
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
7.64
8.17
8.74
7.79
8.17
7.92
9.58
O
o
o
o
f
W
O
d
o
REPORT OF THE COMPTROLLER OF THE CURRENCY
145
TABLE NO. 26.—Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years, 1985—54
[In thousands of dollars]
Year
1935 . .
1936
1937
1938.
1939
1940. .
1941
1942
1943
1944
1945. 1946
1947.
1948
1949,
1950. 1951
1952.
1953
1954
.
.
-
-
Average for 1935-54
Total loans Losses and
e n d of year charge-offs
Recoveries
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
23,818, 513
23,928, 293
29,277,480
32,423, 777
36,119, 673
37, 944,146
39,827,678
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
1 50,482
i 59,482
13 45,970
i 53,940
i 52, 322
i 68, 533
i 67,198
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
2 31,133
2 26,283
2 3 31, 525
2 31,832
2
32,996
2 36,332
2 41, 524
18, 590, 791
65,860
40,887
Ratio of
Net losses losses (or reor recover- coveries + )
ies (+)
to loans
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
19,349
33,199
314,445
22,108
19,326
32,201
25,674
24, 973
Percent
1.50
1.03
.24
.57
.30
.21
.07
.02
+.10
+.08
+.06
.02
.14
.08
.14
.05
.07
.05
.08
.06
.13
1
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
3 Revised.
2
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.
TABLE NO. 27.—Total securities of national banks, losses and recoveries on securities
and ratio of net losses or recoveries to securities, by calendar years, 1985-54
[In thousands of dollars]
Year
1935
1936.
1937
1938
1939.
1940
1941 .
1942.
1943-.
1944.
1945
1946
1947.
1948
1949
1950
1951
1952
1953.
1954
.
-
.
.
.
.
. _
.
.
Average for 1935-54
Total
securities Losses and
e n d of y e a r charge-offs
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
40,228,353
44, 207,750
43,022,623
43,043,617
44,292,285
44,210, 233
48,932,258
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
2 55,369
2 23, 595
2 26,825
2 57,546
2 76, 524
2119,124
2 49,469
32,852,889
77, 974
Recoveries
1
Ratio of
Net losses
(or reor recover- losses
coveries
+)
ies (+)
to securities
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
3 25,264
3 7,516
311,509
3 6,712
3 9,259
3 8,325
3 9,286
+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
30,105
16,079
15,316
50,834
67,265
110,799
40,183
Percent
+0.56
+.23
.50
.66
.59
.49
.28
.13
.02
.04
.04
.09
.10
.07
.04
.04
.12
.15
.25
.08
41, 431
36,543
.11
1
Includes profits on securities sold.
Excludes transfers to valuation reserves.
3 Excludes transfers from valuation reserves.
3
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p . 100.
146
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 28.—Foreign branches of American national banks, Dec. 31, 1954 1
BANK OF AMERICA NATIONAL TRUST AND SAVINGS NATIONAL CITY BANK OF NEW YORK, N. Y.—Con.
Brazil:
ASSOCIATION, SAN FRANCISCO, CALIF:
England:
London.
London (West End).
Guam:
Agana.
Japan:
Kobe.
Tokyo.
Yokohama.
Philippines:
Manila.
Thailand:
Bangkok.
FIRST NATIONAL BANK OF BOSTON, MASS.:
Argentina:
Avellaneda.
Buenos Aires.
Buenos Aires (Alsina).
Buenos Aires (Constitucion).
Buenos Aires (Once).
Rosario.
Brazil:
Rio de Janeiro.
Santos.
Sao Paulo.
Cuba:
Cienfuegos.
Havana.
Havana (Avenida de Italia).
Havana (Avenida Maximo Gomez).
Sancti Spiritus.
Santiago de Cuba.
CHASE NATIONAL BANK OF NEW YORK, N. Y.:
Canal Zone:
Balboa.
Cristobal.
Cuba:
Amistad.
Havana.
Havana (Vedado).
Marianao.
England:
London (Berkeley Square).
London (Lombard).
France:
Paris.
Germany:
Frankfurt am Main.
Heidelberg.
Japan:
Osaka.
Tokyo.
Panama.
Colon.
David.
Panama City.
Puerto Rico:
San Juan:
Santurce.
NATIONAL CITY BANK OF NEW YORK, N. Y.:
Porto Alegre.
Recife (Pernambuco).
Rio de Janeiro.
Salvador.
Santos.
Sao Paulo.
Sao Paulo (Avenida Ipiranga).
Canal Zone:
Balboa.
Cristobal.
Chile:
Santiago.
Valparaiso.
Colombia:
Baranquilla.
Bogota.
Cali.
Medellin.
Cuba:
Caibarien.
Cardenas.
Havana.
Havana (Cuatro Caminos).
Havana (Galiano).
Havana (La Lonja).
Havana (Twenty-third Street Branch).
Manzanillo.
Matanzas.
Santiago de Cuba.
England:
London.
London (West End).
France:
Paris.
Hong Kong:
Hong Kong.
India:
Bombay.
Calcutta.
Japan:
Nagoya.
Osaka.
Tokyo.
Yokohama.
Mexico:
Mexico City.
Mexico City (I. la Catolica). .
Panama:
Panama City.
Peru;
Lima.
Philippines:
Cebu.
Clark Field.
Manila.
Manila (Port Area Branch).
Puerto Rico:
Arecibo.
Bayamon.
Caguas.
Mayaguez.
Ponce.
San Juan.
Santurce.
Argentina:
Singapore.
Uruguay:
Buenos Aires.
Montevideo.
Buenos Aires (Flores).
Venezuela:
Buenos Aires (Plaza Once).
Caracas.
Rosario.
i Excludes banking facilities at military establishments.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of
Dec. 31,1954, appears in the following table.
REPORT OF THE COMPTROLLER OF THE CURRENCY
147
TABLE NO. 29.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 31, 1954 *
[In thousands of dollars]
Number of branches
99
ASSETS
Loans and discounts, including overdrafts
Securities
Currency and coin
Balances with other banks and cash items in process of collection
Due from head office and branches
Real estate, furniture, and
fixtures
Customers' liability on account of acceptances
Other assets
Total assets
704, 479
100, 523
42, 133
250, 859
398, 845
13, 508
33, 517
12, 462
1, 556, 326
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
State and municipal deposits
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits...
689, 008
454, 166
90, 386
21, 595
162, 661
12, 268
1, 430, 084
Due to head office and branches
Bills payable and rediscounts
Acceptances executed by or for account of reporting branches and
outstanding
Other liabilities
Total liabilities
4, 954
59, 413
33, 632
27, 561
1, 555, 644
CAPITAL ACCOUNTS
Undivided profits, including reserve accounts
Total liabilities and capital accounts
1
682
1, 556, 326
Excludes figures for banking facilities at military establishments, except one located in Saipan.
NOTE.—For location of foreign branches see preceding table.
148
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 30.—Assets and liabilities of banks in the District of Columbia, by classes,
Dec. 81, 1954
[In thousands of dollars]
Total all
banks
"NTiTmbftr of h a n k s
National
banks
Nonnational
banks
17
*8
»9
188,533
124,561
63,972
3,000
62
5,771
2,500
11
1,834
500
51
3,937
2,689
2,177
512
311
258
53
9,063
41,783
64,729
31,987
4,336
27,837
37,033
20,155
4,727
13,946
27,696
11,832
32,018
10,368
10,692
31,278
55,001
15,191
7,492
4,520
14,237
34,902
16,827
2,876
6,172
17,041
20,099
18,233
76
505,594
3,964
501,630
6,960
51
304,055
3,190
300,865
11,273
25
201,539
774
200,765
38,215
19,919
123,232
28,044
11,088
87,636
10,171
8,831
35,596
24,985
79,698
177,939
41,705
30
505, 723
13,349
55,257
113,144
19,192
327,710
11,636
24,441
64,795
22,513
30
178,013
7
505,730
41,014
26,373
2,206
575,323
327,710
32,071
17,528
1,339
378,648
7
178,020
8,943
8,845
867
196,675
ASSETS
Loans and discounts:
Commercial and industrial loans, including open-market paper..
Loans to farmers directly guaranteed and redeemable on demand
by the Commodity Credit Corporation, and certificates of
interest representing ownership thereof
_.-..
Other loans to farmers
__ _. __
1
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):
Insured by Federal Housing Administration
Insured or guaranteed by Veterans' Administration
Not insured or guaranteed by FHA or VA
Secured by other properties _ . .
..
Other loans to individuals:
Retail automobile installment paper
Other retail installment paper
Repair and modernization installment loans
Installment cash loans .
_
Single-payment loans
Loans to banks
All other loans
Overdrafts
Total gross loans
Less valuation reserves
Net loans
.
-Securities:
U. S. Government obligations, direct and guaranteed:
Direct obligations:
Treasury bills
Treasury certificates of indebtedness
Treasury notes
_ _ _ _ _ _
United States nonmarketable bonds (savings, investment series A-1965, B-1975-80, 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
Obligations guaranteed by U. S. Government (Federal
Housing Administration debentures)
Total
. Obligations of States and political subdivisions
Other bonds, notes, and debentures..
Corporate stocks, including stock of Federal Reserve bank
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
--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
Income earned or accrued but not collected..
Other assets. __
Total assets
-1 Operating 27 branches.
2
Operating 22 branches.
64,180
42,521
21,659
59,238
40
292
22,826
44,649
126
12,764
14,589
40
166
10,062
193,099
339,675
120,730
220,790
72,369
118,885
19,772
90
11,839
90
7,933
1,150
1,777
2,077
1,441,494
804
913
913,949
1,150
973
1,164
527,545
REPORT OF THE COMPTROLLER OF THE CURRENCY
149
TABLE NO. 30.—Assets and liabilities of banks in the District of Columbia, by classes,
Dec. 31, 1954—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
States and political subdivisions
Banks in United States
Banks in foreign countries
.
__
Total time deposits
Total deposits
Bills payable, rediscounts, and other liabilities for borrowed moneyIncome collected but not earned _
_
Expenses accrued and unpaid
Other liabilities
Total liabilities
910,337
30,640
143
67,350
4,425
598, 748
24,455
126
51,932
3,043
311,589
6,185
17
15,418
1,382
20,262
12,482
7,780
1,033,157
690, 786
342,371
265,906
17, 775
1,025
151,348
9,538
1,025
114, 558
8,237
302,531
161, 911
140,620
1,335,688
852,697
482,991
200
3,173
8,235
2,224
200
841
4,627
1,674
2,332
3,608
550
1,349,520
860,039
489,481
25,890
47, 785
14, 723
3,576
16, 550
28,100
8,338
922
9,340
19,685
6,385
2,654
17,825
17,825
CAPITAL ACCOUNTS
C5fvpit.q.l sto^k" OrvmrnnTi sto^k
Surplus
Undivided profits
Reserves.
_
Total capital accounts.
Total liabilities and capital accounts
91,974
53,910
38,064
1,441,494
913,949
527,545
113,121
63,199
49,922
MEMORANDUM
Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase) . _
. _____
150
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 31/—Assets and liabilities of all banks in the District of Columbia at date
of each call during the year ended Dec. 81, 1954
[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 agencies
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 .
Apr. 15,
1954
June 30,
1954
Oct. 7,1954
Dec. 31,
1954
19 banks
19 banks
17 banks
17 banks
455, 640
504,244
7
33, 253
21, 008
455,905
510, 581
7
34, 579
23, 449
472,002
519, 528
7
46,817
25,819
501,630
505, 723
7
41, 014
26, 373
2,135
2,135
2,190
2,206
193, 510
25, 619
174, 680
23, 990
179, 771
25,121
193,099
22, 826
97, 564
19, 533
427
111, 758
19, 565
475
95, 522
19, 654
90
123, 750
19, 772
1,150
1,150
1,150
1,150
1,660
2,165
1,847
1,927
2,117
2,327
1,777
2,077
1, 357, 915
1, 362, 048
1, 392,115
1,441,494
864, 519
850, 438
852, 692
910,337
242, 917
1,025
46, 959
125
86, 309
16, 279
1,258,133
979,396
278, 737
251, 909
1,025
54,140
100
86, 389
16, 906
1,260,907
972, 578
258,033
1,025
68, 675
114
91, 848
13, 496
1, 285, 883
991,186
294,697
265, 906
1,025
48,415
143
89, 600
20, 262
1,335,688
1,033,157
302, 531
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
De mand 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..
3,141
5,454
1,883
500
500
200
3,007
5,391
1,241
3,144
6, 557
3,208
3,173
8, 235
2,224
1, 299, 292
1, 349, 520
1, 268, 611
1, 271,046
24,440
46, 210
15,048
3,606
24, 940
46,310
16,173
3,579
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
_
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
25,890
47,185
15, 979
3,769
25, 890
47, 785
14, 723
3,576
89, 304
91,002
92, 823
91, 974
1,357,915
1,362,048
1,392,115
1,441,494
107,201
103, 225
125, 982
113,121
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 32.—Assets and liabilities of nonnational
151
banks in the District of
Columbia at date of each call during the year ended Dec. 31, 1954
[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 agencies
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 .
Apr. 15,
1954
June 30,
1954
Oct. 7,
1954
Dec. 31,
1954
10 banks
10 banks
9 banks
9 banks
183, 201
7
8,155
9,754
205,370
189, 481
7
9,257
9,726
188,048
181, 912
7
10,847
8,270
200, 765
178,013
7
8,943
8,845
867
978
978
867
74, 239
11,458
73,018
11,493
61, 559
11,024
10,062
36, 505
9,549
37,198
9,531
28, 555
7,953
36,454
7,933
1,150
1,150
1,150
1,150
944
1,595
1,188
1,468
1,160
1,355
973
1,164
541,118
549,865
502,707
527, 545
325, 226
322, 570
289,396
311, 589
118,019
121,988
109,831
114, 558
15, 369
8
29, 446
5,952
17,080
16
32, 654
6,829
501,137
352, 627
148, 510
22,181
23
33, 712
3,629
458,772
135,932
14,422
17
34, 625
7,780
482,991
342, 371
140, 620
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
CAPITAL
494,020
350,079
143,941
500
2,384
2,509
358
2,244
2,560
642
2,315
3,006
571
2,332
3,608
550
499, 271
507,083
464, 664
489,481
10,140
21,960
7,576
2,171
10,140
22,060
8,160
2,422
9,340
19,085
7,192
2,426
9,340
19, 685
6,385
2,654
ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts -
41, 847
42, 782
38,043
38,064
541,118
549,865
502, 707
527, 545
47, 742
44, 681
50,178
49, 922
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
152
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 33.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 31, 1954 and 1953
[In thousands of dollars]
Years ended Dec. 31—
National
banks
Total
Number of banks J
Capital stock, par value 2 .
Capital accounts2
.
.
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
Number
of officers
of employees
other than officers x..
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
otherdepreciation
than on net on
income
- . . house,
__ furniRecurring
banking
ture and fixtures
Other current operating expenses
Total current operating expenses
Net earnings from current operations
Recoveries, transfers from valuation reserves, and
profits:
On securities:
Recoveries
Transfers from valuation reserves
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from valuation reserves
All other
Total recoveries, transfers from valuation reserves and profits
Losses, charge-offs, and transfers to valuation reserves:
On securities:
Losses and charge-offs
._
Transfers to valuation reserves
On loans:
Losses and charge-offs
Transfers to valuation reserves
Allother
Total losses, charge-offs, and transfers to valuation reserves
Nonnational
banks
1954
1953
1954
1953
1954
17
24,610
90,209
19
23,000
85, 707
8
14,850
49, 578
9
13,200
45,607
9
9,760
40,631
10
9,800
40,100
10,455
1,324
20,843
287
3,096
9,921
1,284
18,980
173
2,855
6,847
701
11,106
111
1,433
6,250
711
9,648
33
1,244
3,608
623
9,737
176
1,663
3,671
573
9 ; 332
140
1,611
1,384
2,477
1,425
1,035
2,036
1,441
348
866
507
249
704
448
1,036
1,611
918
786
1,332
993
41,291
37, 725
21, 919
19, 287
19,372
18,438
4,308
9,322
412
3,104
4,056
9,014
411
3,083
2,329
4,596
232
1,619
2,144
4,212
206
1,418
1,979
4,726
180
1,485
1,912
4,802
205
1,665
1953
316
297
162
153
154
144
4,257
36
1,758
2,245
161
1,532
2,201
16
873
855
54
693
2,056
20
885
1,390
107
839
887
6,495
775
6,559
479
3,356
378
3,196
408
3,139
397
3,363
27,379
24, 639
14, 012
11, 685
13,367
12,954
13,912
13,086
7,907
7,602
6,005
5,484
34
71
12
338
67
34
2,524
1,355
328
1,169
4
12
10
73
498
176
27
336
95
37
970
25
46
162
81
945
3,305
1,498
1,813
457
1,492
1,041
164
634
150
151
265
13
369
150
138
1,525
918
183
187
206
17
1,444
605
41
94
116
121
81
313
142
93
90
2,745
1,360
2,217
516
528
844
107
70
1 Number at end of period.
2
Figures are averages of amounts reported for the June and December call dates in the year indicated and
the December call date in the previous year.
153
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 33.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 31, 195If. and 1953—Continued
[In thousands of dollars]
Years ended Dec. 31—
National
banks
Total
Profits before income taxes
1954
1953
1954
Nonnational
banks
1953
1954
1953
14,472
13, 224
7,503
7,543
6,969
Taxes on net income: Federal
7,699
6,081
4,358
3,744
3,341
2,337
Net profits before dividends
6,773
7,143
3,145
3,799
3,628
3,344
Cash dividends.
3,553
3,166
2,064
1,728
1,489
1,438
89
299
48
252
41
47
197
2,040
396
122
1,500
247
75
540
149
Memoranda items:
Recoveries credited to valuation reserves (not
included in recoveries above):
On securities
On loans
Losses charged to valuation reserves (not included
in losses above):
On securities
On loans .
Stock dividends (increases in capital stock)
Percent Percent Percent Percent Percent Percent
37.20
33.75 35.41
33.78
35.43 32.34
10.61
7.54
4.43
10.31
5.95
10.04
22.98
22.40
22.22
23.93
21.55
25.52
Ratios to gross earnings:
Salaries, wages, and fees
Interest on time deposits
All other current expenses
Total current expenses
Net current earnings. .
. . .__
Ratio of cash dividends to capital stock (par value)...
Ratio of cash dividends to capital accounts
_
5,681
66.31
65.31
63.93
60.58
69.00
70.26
33.69
34.69
36.07
39.42
31.00
29.74
14.44
3.94
13.77
3.69
13.90
4.16
13.09
3.79
15.26
3.66
14.67
3.59
TABLE NO. 34.—Number of banks, capital stock, capital funds, net profits, interest and dividends, and ratios, all banks in the District of
Columbia, years ended Dec. 81, 1929-5If.
[In thousands of dollars.
Figures for previous years published in report for 1940, p . 200]
Capital i
Number of
Capital
banks notes and
debentures
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
-
41
39
39
34
21
22
22
22
22
22
22
22
22
22
22
21
21
20
19
19
19
19
19
19
19
17
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
Common
stock
(par
value)
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
20,933
21,017
21,467
22, 333
22,833
23,000
24, 610
Capital
accounts 1
Total
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
20,933
21,017
21,467
22, 333
22,833
23, 000
24, 610
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
67, 653
69,635
73,451
78,295
81,881
85, 707
90, 209
1 Averages of amounts from reports of condition made in each year.
2 Deficit.
Ratios
Interest and cash dividends
Net
profits
before
dividends
4,374
2,983
1,514
21,218
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
3,589
5,083
6,361
5,800
6,446
7,143
6,773
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
Interest
on capCash
Cash
ital notes dividends
dividends
and deon comon preOn combenmon
ferred
mon
tures to
stock to stock to
stock
capital
common
preferred
notes
capital
capital
and debentures
2,797
2,755
2,648
2,278
1.006
901
996
1,083
1,194
L,248
L, 379
1,416
1,442
L, 439
L,432
L, 557
L, 610
Q09
2,198
2,412
2,653
2,912
3,014
3,068
3,166
3,553
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
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
11.52
12.62
13.57
13.50
13.44
13.77
14.44
Net profits before dividends
Total
interest
and cash
dividends
to capital
accounts
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
3.57
3.81
3.96
3.85
3.75
3.69
3.94
To
capital
stock
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
17.15
24.19
29.63
25.97
28.23
31.06
27.52
g
To
capital
accounts
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
5.31
7.30
8.66
7.41
7.87
8.33
7.51
o
o
O
REPORT OF THE COMPTROLLER OF THE CURRENCY
155
TABLE NO. 35.— 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
1935-54
ALL BANKS
[In thousands of dollars]
Total loans
end of year
Year
1935
1936
1937.
1938
1939
1940
1941
1942
1943
1944
19451946
1947
1948
1949
1950
1951
1952
1953
1954
_
-
.-
..-
Averages for 1935-54
--
-
Losses and
charge-offs
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
270, 963
285, 399
347, 853
372, 607
420,060
446, 861
501, 630
214, 780
NATIONAL
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
Averages for 1935-54_
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
145, 299
145, 982
183, 547
199,131
226,337
245,151
300, 865
113,124
Recoveries
of losses
Net losses Ratio
(or recovor recoveries eries
+ ) to
(+)
loans
Percent
0.92
.58
1,142
946
347
416
257
371
332
225
237
600
195
184
303
395
1574
382
1
475
1393
1579
1 335
346
398
372
201
137
193
277
351
297
434
300
483
529
2 211
2 304
2 539
2 315
2 253
2 406
2 162
434
325
109
.05
156
150
225
103
59
119
143
147
113
141
112
211
230
2 100
2 93
2 180
2 191
2 102
2 289
2 75
416
256
+49
112
108
59
1.05
.60
+.10
.25
.21
.10
+.03
+.06
.04
+.06
+.07
+.15
+.07
.11
.11
+.01
.05
796
548
+25
215
120
178
55
+126
+60
166
+105
+299
+226
184
270
+157
160
140
173
173
+.02
.22
.11
.14
.04
+.11
+.06
.15
+.08
+.17
+.09
.07
.09
+.05
.04
.03
.04
.03
BANKS
572
406
176
215
167
178
122
112
133
110
66
62
133
1264
i 261
i 166
1298
1279
1
288
1139
+21
+35
20
+31
+46
+149
+97
164
168
+14
107
177
+1
207
64
60
.02
380
292
24
103
12
119
0.81
.56
.04
.19
.02
.17
.10
NONNATIONAL BANKS
1935
1936__
1937
1938
1939
1940
1941
1942
1943__.
._
1944
1945
1946
1947
1948
1949_
_
_
___
1950
1951
1952
1953
1954
Averages for 1935-54.
1
47,151
52, 276
54,651
55,003
60, 862
68,162
75,883
57, 495
78, 620
110, 766
125, 664
139, 417
164,306
173, 476
193, 723
201, 710
200, 765
570
540
171
201
90
193
210
113
104
490
129
122
170
U31
1313
1216
1177
1 114
1291
1 196
190
248
147
98
78
74
134
204
184
293
188
272
299
2 111
2 211
2 359
2 124
2 151
2 117
2 87
101,656
227
178
55, 255
76
+91
+80
197
+59
+150
+129
20
102
+143
53
+37
Excludes transfers to valuation reserves.
2
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with year 1928 see Annual Report for 1947, p. 109.
174
109
49
+.15
+.14
.36
+.10
+.19
+.12
.02
.07
+.09
.03
+.02
.09
.05
.05
156
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 36.—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 1935-54
ALL BANKS
[In thousands of dollars]
Total securities end of
year
Year
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
-.-
.--
.
Averages for 1935-54
Losses a n d
charge-offs
Recoveries
Ratio of losses
Net losses or (or recoveries
recoveries (+) + ) to securities
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
509,545
534, 759
575, 500
601, 232
570,881
548,393
575,323
496
845
811
892
1,045
732
827
466
770
639
299
205
347
2 201
2 126
2 169
2 757
2 711
2 634
2 164
i 1,374
538
297
426
493
351
359
262
590
459
278
125
83
388
32
32
402, 706
557
292
265
1821
398
211
334
394
285
242
199
469
250
173
76
16
3 80
31
+479
211
296
228
489
248
375
72
172
+19
9
21
150
+36
23
100
540
425
198
151
38
3 71
3 34
+878
307
514
466
552
381
468
204
180
180
21
80
264
113
124
167
757
703
563
130
Percent
+0.72
.23
.38
.34
.41
.28
.30
.07
.04
.03
.002
.01
.05
.02
.02
.03
.13
.12
.10
.02
.07
NATIONAL BANKS
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
. .
-..- -.
.
.
...
-.
_ .
_
Averages for 1935-54.
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
308, 248
345, 537
379,010
388,279
361,695
351,994
378,648
342
609
507
562
883
533
617
271
641
231
182
97
166
344
2 24
2 100
2 540
2 432
2 265
2 151
252,460
360
37
3 67
00
201
159
+0.65
.27
.35
.28
.60
.30
.40
.04
.06
+.01
.002
.01
.05
+.01
.01
.03
.14
.12
.06
.04
.06
REPORT OF THE COMPTROLLER OF THE CURRENCY
157
TABLE N O . 36.—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 1935-54—Continued
NONNATIONAL BANKS
[In thousands of dollars]
Total securi- Losses and
ties end of
charge-offs
year
Year
1935
1936
1937
1938
1939.__
1940
1941. .
1942
1943
1944. _ . ..
1945
1946
1947
1948
1949. . . ..
1950
1951 .
1952
1953
1954 .
- .
.
.
.
Averages for 1935-54..
1
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
201, 297
189, 222
196,490
212, 953
209,186
196,399
196, 675
154
236
304
330
162
199
210
195
129
408
117
108
181
2 157
2 102
2 69
2 217
2 279
2 369
2 13
150, 246
197
Ratio of losses
Net losses or (or recoveries
Recoveries recoveries
(+J + ) to securities
1
553
140
86
92
99
66
117
63
121
209
105
49
67
38
31
32
+399
96
218
238
63
133
93
132
8
199
12
59
114
149
101
67
217
278
365
3 1
34
3 34
+21
91
106
2
Includes profits on securities sold.
Excludes transfers to valuation reserves.
* Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with year 1928 see Annual Report for 1947, p. 110.
350642—55
Percent
+.82
.17
.42
.42
.12
.24
.15
.13
.01
.10
.004
.02
.05
.07
.05
.03
.10
.13
.19
+.01
.07
TABLE N O . 37.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 81, 1954
Or
00
[In thousands of dollars]
Total all
Number of banks
_
14,388
..
National
banks
4,796
Banks other than national
All banks
other than
national
State com- Mutual
Private
mercial i
9,592
8,992
72
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
Loans to banks
_
All other loans (including overdrafts)
Total gross loans...
Less valuation reserves
Net loans
—
—
Securities:
U. S. Government obligations, direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve 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 indirectily representing bank premises or other real estate
Customers' liability on acceptances outstanding
Other'assets
Total assets..
27,059,881
2,269,371
2,957,313
2,929,478
1,551,073
5,126
48,805
1,107
5,724
8,720
14, 575
715, 760
6,483,829 13,210,937
1,559,350 1,739,879
119,629
6,555,365
127,698
776,224
18,888
1,282
5,705
1,283
8,887
84
5,421
40,449,530
621,852
46,875,181 31, 582, 597 15,190,991
193,397
644, 587
450,868
101, 593
322
86,058,272 39,827,678
46,230, 594 31,131, 729 14,997, 594
101,271
1,214,644
27,363,146
5,002,527
14,941,728
240,281
1, 795,269
87,324,711
1,266,439
16,447,067 10,612,814 10,525,149
925,832
1,342,432
926,939
1,385,408 1,571,905 1, 564,547
1,355,911 1, 573, 567 1,564,847
747,376
803,697
783,996
441,564
773,080
7,662,675 19,700,471
1,702,015 3,300,512
8,257,847 6,683,881
112,499
127, 782
994, 736
800,533
78,004,064 39, 506,999 38,497,065 29,651,062
13, 244,468 7,246,304 5,998,164 5,334,818
6,265, 784 1, 956,124 4,309, 660 1,355, 025
206,937
1,009, 504
222,831
786,673
1,634
8, 747, 564
599, 693
2, 952, 357
571,340
63,653
2,278
98, 523,820 48, 932,258 49, 591,562 36,547,842
12,870,954
172,766
1,279,171
2,657,128
1,377, 957 1,241, 919
42,097,116 24, 442, 726 17,654,390 16,680, 597
802,062
636,926
1, 706,099
904,037
36,145
16,607
19,538
14,950
48,171
48,171
104,180
56,009
305,035
291,219
291,881
596, 916
287,269
400,202
504,878
905,080
132, 554
893,444
163,901
4,206
3,484
80,349
1,235
213,666
13, 816
3,943
29,276,319
377,246
232, 684, 756 116,150,569 116,534,187
86,880,622
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
Total liabilitiesCapital notes and debentures _
Preferred stock
Common stock
Surplus .
Reserves and retirement account for preferred stock and capital notes and debentures..
Total capital accounts
Total liabilities and capital accounts
2
59,005,232 44,853,462 44, 593,642
1, 708, 469
2, 536, 625 1, 712,859
5,816,181
4,165, 781 4,156, 478
4,407, 400
9,098, 964
4, 424,087
693, 308
824,923
716, 746
1, 734, 380 1, 483, 776 1, 464,632
40,974
4,003
3,719
351
5,148
218,846
387
5,584
16,336
23,438
13,996
136,373,016
79,016,305
57,356, 711 57,023, 929
54,195
278, 587
71,031,036 24,676, 853 46,354,183 20,042, 014 26, 285, 207
82
64,000
64,082
287,340
351,422
19,123
32,192
13,069
19,123
17,096
1,104,
549
1, 358, 486 1,122, 545
2, 481,031
2,445
284, 738
48, 419
287, 233
335,652
670, 851
745, 341
680, 651
1, 425, 992
26,962
900
50
9,800
27,129, 508 48, 527, 817 22,185, 275 26,304,830
37, 712
212,030, 341 106,145,813 105, 884, 528 79, 209, 204
26,359, 025
316,299
21, 817
321, 993
1,045, 847
14, 946
305,871
815,851
50
~223~5li'
6,821
16,122
6,485
215, 320, 512 108,046,327 107, 274,185
;0,345,872
26, 582, 586
345, 727
1, 899, 705
672,059
121, 969
5,568
19, 768
975
5,208
75, 657,325
32, 915
627,943
2, 629,313
11,098
305,950
1, 583, 466
CAPITAL ACCOUNTS
Undivided profits
1
103,858,694
4, 249, 484
9,981,962
13, 523,051
1, 541,669
3, 218,156
45, 758
24, 434
4, 358,002
8,894, 710
3, 399,820
641, 520
4,389
2, 481, 455
3,950, 552
1, 377, 282
290, 564
45, 758
20,045
1,876, 547
4, 944,158
2, 022, 538
350,956
45, 758
20,045
1,870, 979
3,024,685
1, 349, 504
223, 779
17, 364, 244
8,104, 242
9, 260,002
6, 534, 750
2, 693, 733
31, 519
86,880,622
29, 276,319
377, 246
232,684, 756 116,150, 569 116, 534,187
§
o
F
F
Includes stock savings banks.
Book value for insured mutual savings banks included with Reserves"—retirable value amounts to $3,720,000.
Or
CO
and liabilities of all active banks in the United States and possessions, Dec. 31, 1954 {includes national, State commercial, savings, and private banks)
TABLE N O . 38.—
ASSETS
[In thousands of dollars]
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey...
Pennsylvania
Delaware
Maryland
District of Columbia.
Total Eastern
States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
-.
Arkansas
Kentucky...
Tennessee
Total Southern
States
Population
(approximate)
N u m - Loans and
ber
discounts,
including
of
banks overdrafts
U. S. Gov- Obligaernment
tions of
obligaStates
tions,
and podirect and
litical
guaransubdiviteed
sions
33,754
20,839
17,938
275, 513
49,933
210, 570
Other
bonds,
notes,
and debentures
Balances
Corpowith other
rate
banks, instocks,
includ- Currency cluding
reserve
ing
and
balances
stocks
coin
and cash
of Feditems in
eral
process of
Reserve
collection
banks
Bank
premises
owned,
furniture
and
fixtures
Investments
and
other
CusReal assets
estate indi- tomers'
liabilowned rectly ity on
other repre- accept- Other
than
ances assets
bank senting
bank
outprem- premstandises
ises or
ing
other
real
estate
61,133
26,235
8,948
388,438
58, 553
264,430
18, 755
32, 774
2,503
222,667
22, 693
82, 254
16,804
8,887
6,316
95, 596
22,338
59,103
105,422
73, 990
46, 313
1,125,095
124, 795
436, 516
835 7, 412, 256 5, 954, 564
689 25, 436,814 17, 367,937
330 2, 513,373 2, 513,423
866 5, 282, 766 4, 767,029
279, 347
36
248,680
864,119 1, 092, 540
160
501, 630
17
505, 730
608, 547
807, 737
3,028, 750 1,934,035
598, 269
316, 773
1,117, 077
975,032
28, 789
66,388
111, 061
118, 453
41, 014
26, 373
381, 646
324,359
26,081
66, 571
9,828
5,885
2,206
209, 044
336, 901
110, 929
210, 878
9,872
41, 979
22, 826
1, 912,131
137, 829
4,391
9, 537, 483
901, 488
2, 482,602
98, 904
413, 228
316, 849
352,157
76,187
136,983
6,179
22,144
19, 772
2, 3u»
757
5,213
359
415
90
2,098 34, 878,049 26, 495,339
316 1,014, 263
909,074
359,150
183
474, 870
874, 327
224
747,101
265, 227
151
320, 597
944, 299
386
672,144
867,968 1, 246,082
226
530, 940
234
549,306
320,918
197
298,870
718, 796
172
910,188
921 3, 712, 301 2, 748,962
316, 767
231
346,652
707,047
371
749,031
297 1, 027,100
818,542
4, 924, 960 3,437,054
139, 545
40,066
55,830
9,872
188,831
77,990
59, 257
18, 484
122, 597
24,026
197,178
24, 235
151, 309
27, 713
137, 309
3,854
192, 479
9,249
434,955
109, 913
86,942
10, 256
63,434
25, 867
148,598
23,238
434, 930
9,202
4,043
2,097
3,123
1,015
3,232
3,460
2,196
934
2,880
15,372
1,141
2,463
4,354
733,385 13, 750, 554
55, 214
595,865
26, 896
232,987
63,209
562, 251
24,127
212, 094
40, 673
565,154
59,156
729, 724
31, 695
378, 898
25, 857
241,843
42,291
666, 783
133, 049 3,008,246
19, 310
280, 708
40, 239
535, 070
48,859
668, 551
613, 422
3, 626,000
1.972,000
4, 295,000
2, 276, 0C0
3, 737,000
3, 691,000
3,166,000
2, 248,000
3,003,000
8, 571,000
1,959,000
3,050,000
3,431,000
29,767
10, 086
22,992
7,625
25,153
35,082
13, 773
8,962
17, 893
126, 266
7,194
12, 439
27, 895
868
147
443
103
710
1,258
583
423
228
5,681
77
187
835
45,025,000
3,909 11,659,103 10, 791, 419
1, 978,264
46, 310
610, 575
345,127
11, 543
959,000
539,000
394,000
5,027,000
827,000
2, 252,000
9, 998, 000
15, 644,000
5, 321,000
10,917, 000
377,000
2, 638,000
872,000
35,769,000
93
110
72
365
18
177
350, 527
349, 398
234,990
4,362, 539
542, 537
1, 572, 265
331,883
256,343
116, 797
3,361,943
433, 314
1, 454,284
404, 763
8, 678,174
7,950
5,619
3,762
70,693
14,195
35,610
862
495
245
1,664
22
1,103
Total
assets
2, 533 35, 635 53,768
7,236 402,962 360,812
359
281 24,998
14,080
3,385 46,809
2,023
1,036
1
541
138 36,556
3,854
1,150
17, 520,081
59,091,814
7,082, 918
15,108, 425
751,406
2, 707,059
1, 441,494
24, 402 406, 767 475, 052
480
5,486
3,068
6
2,187
626
9,564
180
9
1,437
21
6,772
139
855
9,468
273
60
4,670
511
756
817
502
2,316
7,355
1,714
3,928
5,043 34,048 21, 690
1,026
77
3,182
229
52
5,651
12
5,714
86,183,116
79, 305
34, 665, 202
12, 395
48, 224
O
O
O
929,403
775, 055
438,847
9, 966,800
1, 272, 700
4,137, 276
34,619
1,008
8
o
o
1,733
429
626
26, 860
2,987
21,133
580
46
409
1,173
325
CD
2, 797, 739
1,174, 754
2, 550,020
909,987
2,405,754
3,173,944
1,692,350
1, 042, 605
2, 573, 784
10, 355, 526
1,070,150
2,139, 240
2, 779, 349
o
t-1
F
Ohio
Indiana
Illinois
Michigan. _.
Wisconsin..
Minnesota..
Iowa
Missouri
8, 668,000
4,254,000
9, 274, 000
7,169,000
3, 623,000
3,154, 000
2, 685, 000
4, 237,000
T o t a l Middle
Western States.. 43, 054, 000
North Dakota..
South Dakota..
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western
States
661,000
684,000
1,381,000
2, 038, 000
638,000
312,000
1, 467,000
800,000
2, 310,000
10, 291,000
157, 477
51, 982
371, 901
59, 765
87,103
118,116
30, 591
89,395
4,171
2,146
20,810
160,682 1,860, 608
870, 496
78,093
137,092 3, 266, 754
113,905 1, 322,191
683,455
768,936
41, 278
543,344
44,392
60, 335 1, 298,107
4,955 17, 728, 462 21, 700,403 3,360, 583
966, 330
87, 379
692, 775 10, 613, 891
17,338
5,749
23, 737
27,876
17, 469
4,109
13,306
1,840
38, 240
386
518
1,788
1.913
'682
383
1,947
473
2,730
154
170
419
602
110
53
161
52
384
2,105
Washington.
2, 570, 000
111
Oregon
1, 657, 000
48
California. __
12, 897, 000
171
Idaho
629,000
38
Utah
767,000
54
Nevada
230,000
Arizona
1, 049,000
T o t a l Pacific
States
19, 799, 000
443
Total United
States (exclusive of possessions)
163, 936, 000 14, 345
Alaska
171,000
19
Canal Zone (Panama)
Guam
The Territory of
Hawaii
Puerto Rico 3
American Samoa
Virgin Islands of
the
United
States
42,000
50,000
488,000
2, 201, 000
20,000
3, 506, 788
1, 226,116
4, 760, 786
2,436, 714
1,288, 569
1, 457, 401
1, 034, 332
2,017, 756
615, 252
197,085
969,339
603,021
211,443
247, 541
215, 753
301,149
637
478
910
429
558
680
663
600
(0
(2)
195, 719
221,622
531,861
729, 243
204, 389
4,036, 279
1, 916, 474
6, 719,872
3,172,960
1, 588, 928
1,336, 758
1,041,106
310, 671
254, 400
609, 247
715, 947
300, 661
144,889
617, 906
191, 496
691, 549
107,167
201,907
33, 582
14,105
54,010
13,687
158,491
3,437, 404 3, 836, 766
650,679
1,169, 669
813,842
197,088
729,108
618, 788
171, 796
7, 653, 343 6, 645, 310 1,182,348
212, 074
231, 330
19, 436
290, 786
315,202
30,688
125, 268
103, 700
8,090
242, 494
296, 917
44,387
10, 499, 269 8,948, 562 1, 662,833
555,901
152, 549
747,501
41,122
14, 495
4,471
27, 793
9,600
7,758
8,070
16,633
25,900
9,865
4,999
20,155
10, 357
28,019
73, 933
27,665
55, 598
62, 045
25,298
17,942
13,036
27,994 10,465,872
7,719
4, 381,171
47, 616 16, 370,171
19, 914 7, 801,641
9,566 3, 956,860
9,986 4,008,017
2,874 2, 930, 426
11,988 5, 724,926
281
1,296
606
299
643
199
529
12,010
663
7,024
670
1,227
4,302
2,536
973
118
126
5,100
2£0
81
943
117
2,772
4,089
29,405
9,507 137,657
55,639,084
1,142
1,227
3,509
2,704
1,363
373
4,918
442
3,833
1, 674,119
2, 212,123
727,176
357,288
1, 671,805
519, 244
2,323, 311
10, 796, 338
97, 478
114, 779
372, 010
496,429
154, 958
87, 248
396,813
143,185
633,125
3,668
8,128
9,573
4,134
2,255
6,223
4,782
16,029
49
39
176
73
306
368
225
293
2
258
2,894
607
149, 664
10,820
131, 756 2, 496, 025
57, 680
1,609
3,817
607 19, 511
64,327
10, 821
372, 629
1, 647
3,857
6,734
19, 427
3,395
2,726
38,120
628
877
321
975
30, 557
513,019
16, 656
343, 571
140, 000 3, 240, 282
91,112
7,416
178, 837
8,826
6,468
43, 533
14,128
120, 987
27, 245
20, 681
155,877
4,856
6,841
3,553
10, 042
822
453
1,910
74
72
21
1,205
640
322
8
525
28, 305 93,124
15
4
1,255
6,890
7,029
74, 227
322
452
1, 095
4,117
2, 827,816
1, 922,162
19,625,475
568, 917
846, 697
298, 783
755,823
479, 442
47,042
224, 051 4, 531, 341
229,095
4,557
31, 289 94, 060 94,132
26, 845, 673
1,074
70
674, 582
3
o
o
w
o
85, 614. 543 77, 727, 053 13,185,866
71,822
40,869
5,701
1,240
5,584
197,627
194, 439
87
6, 244, 990 1,008,127 2, 601, 586 41, 982,116 1, 691, 756 35, 391 103, 841 594, 800 859, 425 231, 649, 494
155, 967
177
20, 911
5,964
187
8,147
2,008
181
1,735
132, 671
66, 709
21,386
31,028
6,210
8, 614
1,190
4 branches of 2 national banks i n N e w York.
2 Branch of a national bank in California.
Asset and liability items include data for branches of 2 national banks in N e w York.
O
f
3,330
1,695
1,599
14
21,149
20, 548
50
61,501
29, 570
382
31
54
7,074
5,132
2
344
168
339
101
2,015
13,114
19,117
21,049
26, 525
1,778
11,327
16
451. 370
369, 550
1,403
9,398
126
3,208
27,000
3,883
487
1,023
623
42
443, 729
277,011
58,602
20, 794
1,377
55, 542
115,000
14, 343
339 2,116 45, 655 1,035,262
Total possessions-. 2, 999, 000
Total United
States and possessions
166, 935, 000 14,388 86,058,272 78, 004, 064 13, 244,468 6,265,784 1,009,504 2,657,128 42,097,116 1, 706, 099 36,145 104,180 596,916 905,080 232,684,756
1
3
W
O
d
and liabilities of all active banks in the United States and possessions, Dec. 31, 1954 {includes national, State commercial, savings, and private banks)—Continued
TABLE N O . 38.—
to
LIABILITIES
[In thousands of dollars]
Location
Demand
deposits
Time
deposits
Total
deposits
Bills pay- Acceptances
able, re- executed
discounts, b y or for
Other
and other account of
liabilities reporting liabilities
banks and
for
borrowed
money
Capital
stock l
Surplus
Undivided
profits
outstanding
Reserves and
retirement
account for
preferred
stock and
capital
notes and
debentures
1-3
Maine
New HampshireVermont
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
307, 542
196, 580
116,902
3, 985, 889
501, 355
1, 527,187
520, 538
486, 554
277,346
4, 893, 996
653,347
2, 214, 543
6,635, 455
9,046,324
828,080
683,134
394, 248
8,879, 885
1,154, 702
3, 741, 730
15,681, 779
30, 205, 554 22, 396,815 52, 602,369
3, 339,166 3,179, 613 6, 518, 779
8,481, 478 5,070,268 13, 551, 746
452, 611
666, 894
214, 283
1, 504, 726
975,921 2,480, 647
1,033,157
302, 531 1,335, 688
45,016, 692 32,139,431
1,694, 349
754,930
1, 798, 554
720,055
1, 773, 493
2, 335, 223
1, 218, 731
797,390
2,036, 920
830, 825
1,649, 509
1,895,831
25,904,636
873,650
302, 462
526,934
118, 943
425,383
619,801
336,886
167, 505
375,854
1, 218,820
154,304
317, 895
662, 720
i~550
42,136
43,890
13,922
504, 749
68, 456
196,196
161, 253
233, 628
869, 349
479,125
54,681
980,313 1,038, 617 2, 990, 580
60, 548 129, 401 274,050
135, 252 344,169 842,017
14,006
52,611
7,570
39, 786 103,056
21, 827
25, 890
47, 785
13, 632
907,336
72,400
197, 865
9,635
52, 941
14,723
134,347
26,876
29, 967
689
8,364
3,576
432,873 1, 219,142 1, 591,869 4, 310,099 1, 254,900
203,819
36,672
1,011
2,575
37,691
9,358
583
3,850
428, 894
281
3,559
1
138
300
200
14, 291
2, 567,999
1,057,392
2,325, 488
1,125
2,800
511
1,500
461
51
6,101,157 32,005, 793
19,100
8,164
10, 674
123, 468
17,905
54, 317
775
77,156,123
2,198, 876
2,955,024
1, 555, 617
964,895
2,412, 774
9,617,646
985,129
1,967,404
2, 558, 551
5,817
5,028
2,841
98, 471
13, 967
35,129
250
200
135
1,155
480
24, 755
6,918
44,352
5,714
29, 444
25, 419
13,269
4,384
14,375
55, 844
3,967
14, 470
24, 773
49, 253
268, 578
855
60
966
2,316
4,730
34,048
60, 760
28, 270
36, 518
20, 794
50, 570
70, 976
36,173
19,389
42,453
240, 679
24,608
43,399
58,029
99, 706
51, 864
106, 901
29,460
69, 576
83,346
52,108
48,402
70,446
32,153
78, 276
88,367
732, 618 1,079, 501
31,247
29,506
10, 789
294,163
16, 215
97, 205
3,023
5,083
6,373
27,842
444
11,916
35, 742
21, 786
26, 708
9,995
32, 518
27,004
27, 720
1,985
26, 247
109, 489
20,476
31,078
37, 037
7,172
5,718
9,533
2,632
23,454
12,064
6,497
1,034
2,759
28, 924
3,817
4,409
5,723
407, 785
113, 736
i
o
d
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States
North Dakota
South Dakota
NebraskaKansas
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
i Includes capital notes and debentures.
_
6,112,763
2, 909, 845
11,124,107
4, 321,131
2, 232,176
2, 404,142
1, 994,199
4, 357, 242
3, 573, 942
1,170,137
4,041,058
2,921,155
1, 445, 754
1, 292, 536
712, 990
933, 279
9, 686, 705
4,079,982
15,165,165
7, 242, 286
3, 677, 930
3, 696, 678
2, 707,189
5, 290, 521
78
118
126
5,660
250
81
943
117
2,836
35, 455, 605
16,090, 851
51, 546, 456
2,328
10,131
434, 929
449,056
* 1, 382,005
1, 768,115
558,072
258,430
1,178,156
400,403
1, 873, 725
188, 695
142, 306
167, 511
286, 320
129,018
74, 457
375,007
89,139
269,088
623, 624
591, 362
1, 549, 516
2,054, 435
687,090
332, 887
1, 553,163
489, 542
2,142, 813
156
8,302, 891
1, 721, 541
10,024,432
1, 685, 210
1,124, 796
10,099, 766
368, 554
533, 924
187,910
525, 558
928, 532
642, 896
7, 920, 610
163, 929
254, 466
92,013
168, 645
2, 613, 742
1, 767, 692
18,020,376
532, 483
788,390
279, 923
694, 203
14, 525, 718
10,171,091
24, 696, 809
135, 840,997
75, 270, 395 211,111,392
96,017
19,112
13 161
217,385
181,380
790
4,174
51, 598
1,933
13 175
191, 473
123,972
446
4,333
532,019
386, 930
136,373,016
700
900
150
500
31, 077
147,615
21,045
26,336
408,858
305,352
1,236
8,507
83
1,755
918, 949
1,838
75,657,325 212,030,341
32, 915
8,793
12,019
99, 531
21, 515
8,333
22,018
11, 257
12, 555
450, 506 1, 097, 630 1, 645, 879
690,133
196, 021
607
12, 282
11,143
37, 367
42, 500
11, 580
4,538
30, 570
10, 260
46,160
16, 433
15, 887
43, 524
60, 940
14, 450
10, 318
43,053
9,360
61, 708
12,829
12, 742
27, 648
42, 522
8,301
6,333
26, 333
2,448
52, 861
5,904
2,317
8,376
3,384
894
1,503
5,719
5,332
5,600
607
54, 235
206, 400
275, 673
192,017
39,029
322
525
94, 336
15
4
70
28, 671
23, 556
378,537
4,244
7,843
3,122
12,023
47,480
42, 530
376, 759
11, 892
15, 998
6,913
15, 485
83,681
54, 702
481, 720
13, 378
19, 872
5, 523
26,034
46,065
32, 689
259,226
5,420
13, 252
3,185
7,288
7,855
468
14, 521
1,485
1,338
117
720
95, 272
457, 996
517,057
684, 910
367,125
26,504
625, 827 2, 611, 710 4, 379, 202 8, 865, 411 3, 391,085
633, 790
577
3,945
114,120
66,346
155,341
89, 747
54,051
49, 384
64, 750
96,394
204, 785
73, 576
354, 955
140, 412
74, 841
65,056
56, 246
127, 759
3,354
3,239
6,143
7,443
4,861
1,709
12,390
2,302
12, 794
1,545
899
768
354, 762
118, 505
465,028
213, 381
121,079
138,122
84, 347
150,655
95, 889
30, 617
123, 591
94,050
20, 395
35, 316
6,520
44,128
517
4
189
3,391
13,398
4
100
2,560
2,810
1,808
657
12, 298
33, 684
50
400
16,112
10,112
65
200
5,138
1,590
48
151
5,389
1,644
17, 603
48,992
29,299
8,735
7,730
627, 943 2, 629,313 4,428,194 8,894, 710 3,399,820
641, 520
101
2,015
2,116
3
El
o
o
g
i
o
fel
40
==
%
(See classification on pp. 166 and 167.)
O
00
TABLE NO. 38.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1954 (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
Loans to
Commer- farmers
cial and directly
Loans to
industrial guaranbrokers
Other
loans (in- teed by loans
and
to
cluding the Com- farmers
dealers
in
modity
opensecurities
Credit
market
Corporapaper)
tion
78,313
44,801
22,542
1,104, 256
131, 269
253,875
504
390
245
16,640
9
1,545
11,179
2,968
12, 393
7,896
1,560
7,896
1, 635,056
19,333
43,892
Secured Secured
by farm by resi- Secured
land (in- dential
by other
cluding properties properimprove(other
ties
ments) than farm)
7,393
4,067
16, 784
146,500
208,720
121, 317
28,539
3,007
3,646
10,011
2,344
8,566
2, 306,055
269, 219
951, 551
38, 245
45, 627
20,799
385,925
47,884
90,341
35, 674
53, 210
49,165
4,003,362
628,821
225, 695
3,540
26,185
1,768
1,574
3,000
261, 762
78, 392 2,146, 253
13,011
13,478
62,956
71, 576
3,512
3,205
12, 652
14, 967
5,771
171,052 2, 254, 783
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
6,189
1,825
11, 765
10, 776
42, 698
1,591
15, 507
32,168
30, 711
346, 876
50, 557
4,762
29, 776
585, 201
38,370*
6,426
25, 578
9,969
33, 657
20, 497
31, 795
23, 567
22, 334
231, 772
35, 450
56, 659
44, 733
580,807
Real-estate loans
2,204
1,427
2,999
29,930
4,619
12,031
482
New York.
8, 380,992
New Jersey
447, 585
Pennsylvania
1,852, 914
Delaware
74, 944
Maryland
162,692
District of Columbia
188, 533
Total Eastern States.. 11,107, 660
258, 484
61, 842
344, 311
87,790
371, 212
342,125
177,119
113, 592
331,001
1, 708,138
79,184
206, 334
433, 764
4, 514,8
Other
loans for
the purpose of
purchasing or
carrying
stocks,
bonds,
and
other
securities
6,959
275
5,914
1,043
11,089
2,235
3,058
1,070
11,047
13,076
1,371
2,313
6,029
65,479
9, 912, 426 1, 568, 493
1, 252,498 184, 231
1, 564, 269 335, 315
101, 460
14, 559
314,352
64,144
115, 575
31,987
13, 260, 580 2,198, 729
518,809
18,822
108, 421
2,257
75, 067
2,689
726,065
47, 377
11,449
62, 665
8,611
22, 697
311
153,110
10,812
6,451
20,874
4,583
17,921
26, 212
4,491
7,008
4,563
148, 756
2,146
17,140
20, 313
291, 270
36, 470
232, 908
10, 545
120,123
32,169
87, 283
8,502
35, 491
32, 062
116, 607
13, 375
104, 265
18, 332
72,112
19, 984
30,837
17, 610
75, 880
188,174
33, 463
31, 568
15, 436
53, 944
117, 569
37, 321
90, 291
329, 213 1,303,108
Other
loans to
individuals
All other
Loans loans (into
cluding
banks
overdrafts)
65,073
10
35,846
491, 719 ~3~ 538*
80,953
246,040
375
958, 564
Total
gross
loans
4,509
354,441
3,699
350, 642
4,301
237, 226
31,666 4, 416,175
550,166
9,302
12, 770 1,
valuation
reserves
3,914
1,244
2,236
53,636
7,629
16,371
Net
loans
350, 527
349,398
234,990
4, 362, 539
542,537
1, 572, 265
3,962
66,247
7,497, 286
85,030
7, 412, 256
2, 260,181 185,048
576,033
1,152, 337
HI
68,158
185, 513 1,300
139, 357
4, 381, 579 186, 759
560,918
35,187
137, 677
2,413
17, 594
18,309
772,098
25, 884, 584
2, 555, 834
5, 374, 726
280, 887
872, 552
505, 594
35, 474,177
447, 770
42, 461
91, 960
1,540
8,433
3,964
596,128
25, 436,814
2, 513, 373
5, 282, 766
279, 347
864,119
501, 630
34,878,049
28,174 1,024, 883
6,566
364,124
17,374
889, 361
5,438
268,449
22,033
954, 253
25, 042
876, 517
26,940
540, 634
326, 792
6,687
728, 016
25, 650
84, 244 3, 749,083
4,208
319, 050
18, 929
716, 767
25, 405 1, 041, 533
11, 799, 462
10, 620
4,974
15, 034
3,222
9,954
8,549
9, 694
5,874
9,220
36, 782
2,283
9,720
14, 433
140, 359
1,014, 263
359,150
874, 327
265, 227
944, 299
867,968
530, 940
320, 918
718, 796
3, 712, 301
316, 767
707, 047
1, 027,100
11, 659,103
339, 914 2,969
63, 634
120, 059
30,012
292,000 ""'548'
51, 545
86, 052
18, 805
265, 595
40, 573
279,070
61,608
497
168, 574
15
22, 691
15
74, 576
17, 288
161, 398
47, 536
286
868, 555 1,682
124, 347
15, 919
83, 211
39, 205
199,812
100
38, 925
314, 721
255
572,088 3, 253, 537 7,173
894, 564
Ohio
_
Indiana
- - - 284,633
2, 252,958
Illinois
581, 938
Michigan
_
367, 205
Wisconsin
366, 568
Minnesota
196, 764
Iowa
- __ 676, 711
Missouri
Total Middle Western
5,621,341
States
19,244
North Dakota
30,298
South Dakota-. _
_
130, 235
Nebraska
150,305
Kansas
_- -35,817
Montana
21,307
Wyoming __
158,787
Colorado
47,405
New Mexico
303,976
Oklahoma
Total Western States- 897,374
342,013
Washington ._
205,329
Oregon
2,355,631
California - --40,375
Idaho
89,285
Utah
15, 728
Nevada
80, 578
Arizona
3,128,939
Total Pacific States
Total United States
(exclusive of posses26,905,266
sions)
10, 737
Alaska
1,132
Canal Zone (Panama)
2,160
Guam
37,866
The Territory of HawaiiPuerto Rico...
-. 101,786
American Samoa
45
Virgin Islands of the
United States
889
Total possessions
Total United States
and possessions
154,615
77, 078
82,647
198,455
68,027
81, 577
151,057
272,615
121,992
109, 563
6,428
350,372
10,407
9,482
4,358
909
16,376
101, 555
11,432
152,768
16, 268
44, 621
15,984
7, 533
27,914
93,972
55,506
46,980
45,186
67,417
56, 253
61,627
46,753
1,061, 292
399, 619
605, 767
867,106
392, 934
420, 617
191,064
463,374
207, 494
71,308
141, 589
163,242
91, 510
60, 218
44, 784
109,391
828,859
287,022
769,353
671,428
201,432
286,043
161,396
444,841
275
3
409
30
251
123,954
14, 718
130, 591
32, 412
38,404
35, 336
14,446
54,163
577,343 1,053,448
507,895
378,075
473,694
4,401,773
889, 536
3,650,374
987
444,024 17,998,490
2,625
25
1,277
1,081
730
3,735
3,851
1,140
857
3,255
1,665
4,189
6,325
4,499
11,064
21,757
3,067
1,853
6,492
2,993
13,028
32,189
42, 335
35, 263
72,412
41,501
23,847
89, 996
20, 288
45,747
4,840
7,031
15,696
16,524
6,817
6,458
30,838
8,585
28,494
35,042
33, 769
79,851
129,977
54,088
18,373
140, 254
41,032
173, 295
63,085
30,128
204,178
13,851
18, 755
76,024
94,180
77,142
3, 561,691
1, 243,441
4,853,030
2, 469,865
1,313,340
1,472,867
1,045,348
2,038,908
54,903
17,325
92, 244
33,151
24,771
15,466
11,016
21,152
3, 506, 788
1, 226,116
4, 760, 786
2, 436, 714
1, 288, 569
1,457,401
1,034, 332
2,017, 756
270,028 17,728,462
1,060
1,228
1,851
16,416
7,166
2,006
351
13,364
1,277
18,868
198, 553
225,845
538,879
732,957
208,037
99,319
561,058
155,309
753,113
2,834
4,223
7,018
3,714
3,648
700
5,157
2,760
5,612
195,719
221,622
531,861
729, 243
204,389
98,619
555,901
152, 549
747, 501
705, 681
2,475
62, 527
3,473,070
35,666
3,437,404
226,336
170,595
1,298,480
45,893
63,046
35,064
79,871
75
21,393
6,147
98,123
3,254
6,515
825
1,180
1,183,188
733,972
7,763,957
233,904
318,127
104,153
298,793
13, 519
4,864
110,614
2,574
2,925
453
1,876
1,169, 669
729,108
7,653,343
231,330
315,202
103, 700
296,917
56, 262
41,126
73,372
171, 506
24,990
2,815
15,992
10,081
86,196
42,342
64,188
170, 559
156,131
38, 573
23, 458
99,243
21,958
76,983
482,340
693,435
8,796
20,503
71,078
403, 578
125, 283
107, 566
56,323
124,600
27,876
5,632
1,838
18,207
41,056
33,894
212,060
35,005
27,546
5,901
35, 755
3,852
2,048
49,603
11
781
150
387
4,221
3,085
48, 479
1,002
2,361
745
686
15,789
12,035
92,086
3,713
7,351
807
2,635
350,718
207,135
3,042,476
66, 994
91,788
35,000
73,973
70,169
37,381
403, 793
9,781
23,822
8,095
5,521
342,042
391,217
56,832
60,579
134,416
3,868,084
558, 562
1,919, 285
18
1,686
3,127
38
19
1,002
201
2l2
38,626
38, 701
137, 437 10, 636,094
136,825 10,499, 269
2,268,021 2,933,851 2,929,459 1, 529,702 1,210,676 27,240,485 4,973,019 14,869,020 240,057 1, 779,023 86,878,579 1,264,036 85,614,543
1,350
4,980
18,237
92
13,804
6,144
21,085
284
879
2,806
986
91,756
14,713
349
16,319
6,234
191
1,402
462
890
21,371
3,968
122,661
29,508
72,708
2
243
19
2
1,350
23,462
19
9,696
107
2,086
23,645
36,242
42
42,108
1,240
5,584
198,171
195,059
87
224
40
1
3
1,622
14,533
47
3,883
224
16,246
446,132
1,239
544
620
40,869
1,240
5,584
197, 627
194, 439
87
3,883
2,403
443,729
27,059,881 2,269,371 2,957,313 2,929,478 1,551,073 1,214,644 27,363,146 5,002,527 14,941,728 240,281 1,795,269 87,324,711 1,266,439 86,058,272
TABLE NO. 38.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31^ 1954 (includes national, State commercial, savings^ and private banks)—Continued
[In thousands of dollars]
Capital
Capital
notes
Preferred
and
deben- stock
tures
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island.
Connecticut
100
710
853
. _
Total New England
States . . . .
New York __.
42,431
New Jersey
1,775
Pennsylvania
Delaware
__
Maryland
District of Columbia-
Demand deposits
Common
stock
Individuals, partnerships,
and corporations
U.S.
Government
States
and
political
subdivisions
19,000
8,164
9,964
122,615
17,905
54,317
246,916
150,247
95,483
3,118, 551
413,873
1,298,454
11,794
7,683
4,928
130.698
15,107
54,798
29,482
21,497
11,408
244,681
43,535
80,757
12,787
11,437
1,771
384,605
12,314
47,532
225,008
431,360
470,446
1,663
231,965
5,323, 524
2,005
8,373
410
994,181
119,253
343,759
14,006
39, 266
25,890
22,136,133
2,725,362
7,012,206
385, 543
1,188,191
910,337
520
50
32
._
Total Southern States.
5
982
30
233
9
599
17
50
87
1,920
59,778
28,220
36,488
20,794
50,538
70,743
36,164
18,790
42,436
240,674
24,608
43, 349
58,029
1, 244,363
559,639
1,292,646
547,329
1,265,537
1,716,398
916,618
580,233
1,276,433
6,072,444
651,300
1,266,453
1, 252,835
730, 611
18,642,228
IndividuBanks Certified
and
als, partin
cashiers'
nerships,
foreign
and cor1
countries checks,
etc
porations
Postal
savings
States
and
political
subdivisions
537
605
99
13,215
1,294
1,393
7
15
3
1,631
174
60
4,980
351
2,339
11,602
452
1,655
685
1,890
21, 379
807
28,972
1,405
32
514,994
485,583
274,873
4,848,488
651,427
2,210, 750
30,428
154,689
8, 986,115
17,143
929,703 1,026,291 3,522,625 1, 229,958 1,360,844 20,482,927
78,621 3,126,929
121,617 332,478
80,605
483
114,478 4,906,997
283,570 349,631
700,668
20,925
19,996
14, 571
6,158
204,146
26,343
11,344
53,404 141,097
109,516
1,174
945,952
20,262
30,640
67,350
143
4,425
265,906
67,759
7,450
4,507
405
11, 796
17,775
45,900
27,976
55,706
23,964
55,743
42,754
37,006
19,060
39,927
163,231
17,514
42,432
50,435
19
4, 486, 922 1,256, 965 1, 605,545 29,932,857
153,500
88,683
135,204
110,523
187,598
290,844
158,055
120,756
397,589
576,626
82,097
104,819
177,139
217,202
46,906
285,302
26,123
236,464
249,231
93, 217
73,277
286,952
1,418,948
73,140
219,455
396,693
621,648 2, 583,433
3,622,910
34
1,607
33,084
31,726
29,611
12,116
28,012
29,201
13,283
4,064
29,162
150,972
6,774
16,316
17,122
775,383
297,873
424,762
106,136
409,642
518,337
330,598
165,236
360,186
1,004,873
151,409
297,808
621,786
32,974
401,443
5,464,029
300
85
139
6,795
552
6,857
16,605
Banks Banks
in
in
United foreign
States countries
U.S.
Government
6,544
5,716
3,312
78,382
15,121
45,614
Total Eastern States- 44,206 11,308 1, 536,355 34,357, 772 1,433, 505 1,875,983
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama _ _
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee . ..
Banks
in
United
States
Time deposits
20
32
70
18,990
18,990
19
1,025
372,030 281,892 1,192,207
44,915
25
294
155,287
1,025
1,359
9 732
18,129
25
17,825
109, 692 2,137
600,093 283,570 1,211,082
1,093
2,372
538
8,725
12
1,342
3,042
38
434
1,188
491
20
240
69,882
1,268
84,180
1,618
7,717
82,186
1,391
496
12, 710
183,171
1,040
13,901
32, 580
890
5,981
215
102
3,012
101,105 18,442
492,140
22,441
24,030
2,388
6,713
8,842
5,696
10, 993
3,114
1,773
1,634
23,607
1,149
6,064
5,102
1,983
395
2,554
2,335
986
2,243
1,745
3,000
3,000
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
165
339
465
___
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States.
449
1,418
Total United States
and possessions
1
27,289,229 1, 258,621 2,699,991
179,193
862
175,944
74,192
14,603
24, 889
1 081
11, 336
825
1,281
310
424
465
212
36
382
527,224 15, 550,840
29,318
7,090
482,100
3,935
216
3,796
4,608
11,369
15,175
6,335
2,056
14,407
5,237
35,396
135,176
131, 701
167,169
281, 245
128,417
72, 537
344,104
84,004
256, 831
685
1,134
74
3,254
87
1,654
2,773
4,547
5,627
7
9
33
60
4
23
10
343
114
52,827
9,462
213
1,743
495
243
28,102
245
5,124
1,392
6, 243,978
219,074 1,032, 816
708, 306
338
98,379
1, 601,184
19, 835
603
98, 454
1,465
1 380 365
883, 931
8 173 499
286, 479
372 345
143, 494
408, 785
50 074
27,155
303 462
7,817
10 873
5 086
13,375
153 696
154, 791
706 613
63,906
89 650
33, 679
79, 938
76, 283
28, 531
426, 680
6,726
52 247
1,504
9,961
5,281
1,515
148,028
912, 869
616, 651
6, 997, 616
162, 769
249,781
84,804
165, 585
7,753
64
41, 404
1,059
2,350
1,967
1,953
14
13
260
11
1,030
860
25,024
691, 503
168, 751
26
805
5,242
1,081
436
1,144
21,076
90
500
3,327
19, 511
28, 873
341,484
3,626
8,809
4,147
10,172
417,842 1, 282, 273
601, 932
158,151
416, 622
9,190,075
56, 550
1,354
724, 515
23,246
175, 351
10,045
11,300
44,788
40,885
12,357
4,757
32,296
15,138
47,508
9
3
87
103, 505, 629 4,175,698 9, 905, 856 13, 511, 302 1, 538, 610 3, 203,902 70, 725,100
62, 774
8,223
4,729
17,357
9,578
5,343
13,120
150,868
123, 751
301
30,787
10 212
214
27,015
31 621
235
400
2,419
295
1,418
353,065
73,786
76,106
22
18
15
18
6,600
333,643 31, 516 2, 418,681 335, 464 1,425,991
12,961
1,252
12
32, 279
1,933
6,318
4,005
5 853
1,045
712
38
3,665
9,231
2
180,902
79,959
446
411
650
610
39
9,550
43,154
42
4,099
215
18
1
11, 749
3,059
14,254
305,936
17, 779
676
62,350
188
1
2,697
48,992
17,568
886
48
380
1,880
11
45, 758 24, 434 4,358,002 103,858, 694 4, 249,484 9,981,962 13, 523,051 1,541, 669 3, 218,156 71,031,036
27
6,331
3,100
3,757
170
351,422 32,192 2,481,031 335, 652 1,425,992
Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
17,568
23
11, 648, 898
12, 298
33 684
50
916
2,453
1,276
61
1,268
289
206
621
59,754
515,626
2,560
3,271
4,435
9,008
3,541
4,696
480
1,540
2,347
13,050
12, 649
161,960
107, 409
34,072
12, 841
122, 833
15, 233
228,259
47 480
42, 530
375 438
11, 892
15 888
6 913
15, 485
45, 758 24,434 4,309,010
3,389,737
1,161,106
3,836,952
2,842,937
1,424,722
1, 266,666
710,127
918, 593
4,087
* 106, 776
53,446
145, 594
75,149
42,400
34, 353
35,826
33, 680
3,620,786
206,105
1,431
232, 692
92,989
385,326
205 169
80,983
81 700
67 992
111, 770
71,945
48,027
99, 753
370, 876
63,152
41,415
66,964
86,902
183,782
248
110
Total possessions
5,254
410
40,392
7,031
586
1,994
36
5
1 321
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the
United States
369,058
140,079
1,380, 611
235, 590
156,918
374,424
142 343
821, 763
336,070
372, 472
1,064,126
1, 233, 767
442,156
197,361
941, 569
277,893
1,378, 564
130
Total Pacific States. .
417,054
411,912
567, 501
370,022
135,033
219,918
222 278
356, 273
4,981,929
2 211 009
8, 604,683
3 428 170
1,816, 256
1 691 753
1 525 760
3,029, 669
12,282
11,096
37,325
42, 465
11, 580
4,408
30, 570
10, 224
46,155
42
35
47
204, 255
73 212
353,447
137 624
72, 516
64 956
55 433
126,905
7,864 1,088,348
47
Washington
Oregon
California
Idaho
Utah
Nevada.
Arizona.
Total United States
(exclusive of possessions) .-_•
365
25
1,508
2 788
1,860
100
813
405
TABLE NO. 39.—Assets and liabilities of active national banks, Dec. 31, 1954
ASSETS
[In thousands of dollars]
U. S.
Obligations of
and Government
Num- Loans
discounts,
obliand
ber of including
gations, political
banks overdrafts
direct and subdiguaranteed visions
Location
Total New
States
110,613
97,194
68,127
1,456,534
220,128
362,225
89,464
72,854
56,235
1,136, 744
174, 557
376, 995
11,292
13,002
8,606
154,669
29,243
99, 767
279 2,314,821
1,906,849
31
51
37
112
5
43
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island.
Connecticut
England
5,856
6,222
3,048
44,052
11,489
23, 287
50,608
52,531
29,160
756,096
62,907
205,103
93,954
3,053
2,433
1,858
31,171
8,211
11, 209
152
92
89
234
11
394
332
46
47
317
•d
Total
34,465
928
3
682
124
262
13,353
1,743
2,040
281,865
248,370
171,848
3,684,055
513,292
1,099.395
35,396
18, 204
5, 998,825
85,112
11,856
1,156,405
57, 935
972
742
326, 714
75,015
270,978
756
16,249
17, 528
52,612
5,188
20,257
99
1,650
1,339
100,696 3,397, 528
56,429
490,008
116, 540 1,464,816
686
5,739
15, 512
212,062
12, 764
208,026
100,855
35,454
75,879
524
7,766
11,839
818
366
1,186
2
159
90
2,213
235
3,909
113,138 119,774 16,615,113
69
9,282 3,272,125
1,359 20,414 8,096,584
35
36,235
996,312
42 3,575
1,717
913,949
1,162 10,649, 520 9, 509,313 2,391,087
707, 240
81,145
302,627
5, 778,179
232, 317
2,621
6,864
114,608 154,797
29,930,318
24,031
6,288
7,407
9,274
18,930
20, 927
22,413
563
6,920
80,093
6,253
11,295
18,305
2,654
1,176
1,108
807
1,819
3,044
1,888
517
2,241
12,415
936
1,386
3,229
29,102
13,619
13,923
12,909
15,488
33,613
19,970
15,457
5,791
7,546
4,863
14, 584
22,376
10,628
2,470
12, 562
103,779
4,384
5,999
18,840
559
118
313
703
19,086
89,214
8,855
15,537
29,132
338,456
136,403
167, 221
136, 298
320,308
529, 547
282, 524
70,460
454,085
2,458,274
147,189
210,407
505,107
58
750
440
101
131
3,441
50
46
332
75
354
500
566
4,836
75
194
3,321
888
1,569
997
415 3,631
27 6,795
756 4,088
237
3,878 5,895
34,048 19,570
720
4
1,671
5,658 4,477
1,582,466
631,270
658,504
565,811
1,320,748
2,118,825
1,258,351
283,943
1,756,186
8,295,522
572,940
827,810
2,003,642
232,699 | 33,220
305,736
5,756,279
229, 279
6,339
7,314
132
75
46
26
52
76
71
25
40
442
53
89
75
...
Total Southern States....
605
529
356
7,283
1,252
1,831
Investments
and other Customers'
liability Other
indirectly on
acceptrepresent- ances
assets
ing bank
premises outstanding
or other
real estate
316, 579
341
196
550
10
57
TotallEastern States._ i _
9,208
3,343
4,060
49,137
2,823
16, 541
Real
Bank
estate
premises owned
owned,
other
furniture
than
and
bank
fixtures premises
6, 205,860 4,841,383 1,353,522
1,107,271 1,185,901 306,907
2,717,834 2, 764, 059 639,353
13, 570
12, 569
2,255
376,690
305,121
56,979
300,865
327,710
32,071
New York
New Jersey
Pennsylvania
Delaware
Maryland
D i s t r i c t s Columbia
Virginia
West Virginia
North Carolina
South Carolina-._
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Balances
with other
Other Corporate
banks,
stocks,
bonds, includini
including
notes, stocks n f Currency reserve
and
balances
Federal and coin and
debencash
Reserve
tures
items in
banks
process of
collection
1,202
536,396
552,102
255,869
184.729
196,824
226, 554
205,395
168,815
341,836
522,075
802,850
566,174
412,356
386.730
89,027
81,441
666,271
488,373
2,203,239
2,971,362
184,686
168,675
307,795
240,651
601, 297
721,372
7,279,053
79,205
26,389
36,031
26,442
81,604
132,647
116,204
33,339
96,178
315,251
51,117
32,825
95,893
6,803,841 1,123,125
11
480
45,274
53,859
21,876,018
o
3
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota. .
Iowa
Missouri.
234
123
389
77
95
178
96
77
-..
Total Middle Western
States
1,269
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) __
Total possessions
12,416
5,443
32,454
12, 573
5,992
7,849
1,651
5,267
4,948,951
2,451,791
11,742,125
4,000,256
1,832,012
2,629,216
939,624
2,240,106
8,679
7,494
83,645
30, 784,081
8,046
3,231
19,137
5,687
2,703
3,988
1,251
3,606
67,735
39,866
90,417
51,228
19,940
21,682
12,350
17,130
963,856
545,567
2,456,280
732,749
362,714
599,202
213,416
565,998
43,376
16,732
36,797
27, 510
11,843
11,225
5,035
15,110
102
188
404
352
46
414
176
104
1,041
22
1,383
450
9,430,030 12,116,180 1,696,350
464, 510
47,649
320,348
6, 439,782
167,628
1,786
38
35
123
170
39
25
77
26
197
97,092
121,301
369,477
360,800
98,204
70,321
369, 238
107,403
584,688
122,523
118,771
410,622
423,445
151,627
105,031
457,109
140,182
577, 771
12,982
14,130
85,521
95,017
15,069
9,243
36,677
9,450
129,289
6,285
4,226
20,163
24,863
8,490
3,444
12, 272
1,807
35,528
369
409
1,603
1,605
377
312
1,549
418
2,659
3,667
3,904
10, 541
12,641
5,103
3,498
13,087
5,906
20,162
52,622
62,398
281,696
303,152
83,320
61,485
290, 250
102, 215
547, 785
2,149
2,609
6,416
5,648
3,101
1,590
3,520
3,569
14, 275
79
42
1
115
45
295
160
113
273
220
80
2,835
607
730
2,178,524
2,507,081
407,378
117,078
9,301
78, 509
1,784,923
42,877
1,123
3,343
607
15,123
7,145,867
32
13
73
11
9
5
3
886,666
653,387
5, 711, 531
174,663
127,264
73, 634
231,002
609,854
551,682
4,831,846
170,213
130,274
101,341
152,192
170,219
158, 597
906,231
11, 278
13,642
6,964
30,374
27, 563
10,604
283,076
1,627
1,590
6,484
12,653
2,897
2,667
31,892
550
398
275
895
23, 512
13,237
100, 791
5,117
3,516
4,495
8,987
446,495
314, 479
2,459, 524
66, 537
77,442
32,094
88,003
23,173
18,806
110,326
3,946
3,761
2,820
7,007
792
427
1,810
7
2
19
626
475
322
525
87, 566
15
4
975
70
5,712
6,644
56,906
232
148
917
3,157
2,197,680
1, 731,055
14,609,116
434,185
358,041
229,043
535,941
146
7,858,147
6, 547, 402 1,297,305
343,597
39, 574
159,655
3, 484, 574
169,839
3, 683
29,067
88,502
73, 716
20,095,061
222, 745 1,260,829 2, 4400,142
56,009
6
1
26,637
88,398
52,187
61,728
4,505
9,671
1
2,548
2,418
304
8
117,583
116,333
14,480
3,329
2,559
5,888
4,796 39,827,678 39, 506,999 7,246,304 1,956,124
4,061
1,147
575
117
74
3,804
154
51
921
117
2,256
43,572
27,988
213,981
26,909
59,228
48,248
14,022
30, 562
4,788 39, 710,095 39,390,666 7,231,824 1,950,236
Alaska
_..
The Territory of Hawaii..
Virgin I s l a n d s of t h e
United States
Total United States and
possessions _
1,969,355
1,051,731
4,766,821
1,664,664
723,753
862,368
335,124
742,364
282,917
107,121
606,982
273,295
85,197
159,319
79,062
102,457
1,556,418
653,828
3,513,665
1,204,685
560,545
909,939
276,273
754,677
899,875
16, 524
5,734
12,188
14, 504
27,477
1,409
2,746
68
15
420
603
7
18, 342
42,584
4,162
83
222,831 1, 279,171 24, 442, 726
904,037
16,607
7
79
86
208
27, 617
56, 009
298,691
923
328,892
1,102
1,189,016
2,976
2,268 . 1,229,762
366,261
925
255, 567
348
1,187,026
2,944
371,479
336
1,919,173
3,301
w
o
o
I
o
291,881 399,344 115,830,170
84
706
108,464
205, 567
o
68
6,368
d
858
320,399
291,881 400, 202 116,150, 569
a:
CO
TABLE N O . 39.—Assets and liabilities of active national banks, Dec. 31,
1954—Continued
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island..
Connecticut.
_
160,884
176,578
2,812,673
271,458
796,076
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
Time deposits
Total deposits
91,574
45,677
79,290
476,096
195,940
213,834
252,458
222,255
153,178
3,288, 769
467,398
1,009,910
1,102, 411
Bills payable, rediscounts, a n d
other liabilities for
borrowed
money
Acceptances executed b y
or for account of reporting
banks a n d
outstanding
200
~I,~520"
36,518
931
200
Other liabilities
2,209
983
1,699
43, 578
6,045
12,177
Capital
stock i
Surplus
9,590
6,094
5,645
83,044
11,130
26, 457
10,476
11,532
6,297
160,068
21,095
32,992
Undivided
profits
Reserves
and retirement account for
preferred
stock
5,918
5,620
3,702
52,028
6,619
14,076
1,214
1,686
1,327
18, 530
74
3,580
5,393, 968
1,920
37,452
66, 691
141,960
242, 460
87,963
26,411
11, 580, 746
1,805,341
4,978,014
19,165
710, 569
690, 786
2, 919, 994 14, 500, 740
1, 217,898 3,023, 239
2,246, 746 7,224, 760
12, 716
31,881
211,039
921, 608
161,911
852,697
925
52
3,725
122, 202
69
1,519
300
200
42
557, 709
26,339
71,238
41
5,453
7,142
447, 591
69, 789
211,604
1,010
16, 210
16, 550
787, 742
104, 632
460, 279
2,360
39, 693
28,100
183, 309
38,459
110,816
862
9,047
8,338
14,895
9,546
12,643
81
3,959
922
19, 784,621
6, 770,304 26, 554,925
5,202
123,832
667,922
762,754
1,422,806
350,831
42,046
925
480
31,318
13,600
11, 575
9,437
23, 773
45, 550
25, 210
5,353
24,413
193,363
13,170
17, 275
37, 401
58, 414
26,200
26,018
17,640
35, 739
57, 226
38, 284
12, 224
50, 427
221,922
18,681
29,436
67, 698
19,875
10, 581
7,519
5,173
12, 450
16,935
17, 722
267
17,640
81,134
7,952
10,208
21,088
4,400
3,012
2,158
1,779
14, 454
9,822
5,746
256
654
21, 015
1,804
2,141
3,551
451,438
659,909
228, 544
70, 792
4, 291, 557
986, 531
417,601
477, 725
460,453
1,037,251
1,603,180
928,963
211,386
1, 427,334
6, 744,290
443, 428
627,485
1,
- •
"
~
16,800, 556
468, 572
157,304
126,668
65, 922
181, 785
366, 559
230,019
53,191
220, 226
954,308
84, 550
135,830
417,010
1,455,103
574,905
604,393
526,375
1, 219,036
1,969, 739
1,158,982
264, 577
1,647, 560
7,698, 598
527,978
763,315
1, 851, 939
3,461,944 20, 262, 500
135
4
5,658
11,951
2,972
6,583
5,407
14,881
19, 526
11,441
1,266
10,812
45, 442
3,355
5,296
16, 307
1,310
46, 286
155, 239
~250"
415
27
4,680
34,048
S
o
o
d
3
O
( hio
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
_- _
The Territory of Hawaii
Virgin Islands of the United States
Total possessions
Total United States and possessions
1
See classification on pp. 174 and 175.
45,048
17,839
89, 528
54,043
12,104
31,135
3,252
13, 278
109,842
41,053
273,052
60, 557
30,455
41, 255
15,663
44,153
159,804
66,413
360,156
118,887
60,052
92,330
26,189
59,096
53, 916
32, 382
91,839
36,896
18,389
26,351
16,806
29, 745
4,723
8,868
58,813
8,079
4,085
12,462
4,316
5,058
1,210
8,065
266,227
616,030
942,927
306, 324
106,404
607
2,708
2,966
4,724
5,523
3,305
1,417
6,956
1,847
10, 760
5,085
5,018
25,065
22,130
5,615
3,010
19,655
7,140
37, 435
7,351
8,653
27, 936
31,824
7,055
7,040
31,813
6,810
51, 603
4,289
4,111
16,867
19, 714
3,736
3,862
18,876
1,417
42,017
1,147
870
6,510
2,165
290
1,142
4,113
3,954
4,949
607
40,206
130,153
180,085
114,889
25,140
322
525
88, 772
15
4
39,750
38,935
267, 561
9,025
6,275
5,410
10,925
56,964
50,045
347,608
9,645
6,593
3,750
18,925
36,905
30, 555
200,913
3,952
6,079
2,808
4,992
4,506
148
10,428
1,109
885
100
70
22, 939
22, 365
322,392
3,048
3,771
2,326
8,874
89, 708
385, 715
377,881
493, 530
286,204
17,176
305,950
1,322,911
568,494
2,596,236
1,205,765
544, 216
585, 236
188,166
291,859
4, 574, 971
2,285,162
10,864,373
3, 721,640
1, 706, 726
2,424,262
873,281
2,086,479
530
21,234,011
7,302,883
28,536,894
200, 790
230,646
988,067
1,009,492
281,376
184,977
850,084
287,084
1, 577,679
77,315
76 628
118,897
138,414
64,884
54,119
255, 529
63,227
194,123
278,105
307 274
1,106,964
1,147,906
346, 260
239,096
1,105,613
350,311
1, 771,802
6
5,610,195
1,043,136
6,653,331
1,490,819
1,030, 372
7, 554,318
281, 505
258, 542
142,673
373,925
545,475
558,110
5,817,124
125,886
75,892
71,976
118,230
2,036, 294
1, 588,482
13, 371, 442
407,391
334, 434
214,649
492,155
11,132,154
7,312,693
18, 444,847
78,853,094
—
61, 956
98,688
2,567
.-
163,211
-
30
117
74
4,364
154
51
921
117
2,267
3,252,060
1, 716,668
8,268,137
2, 515,875
1,162, 510
1,839 026
685,115
1, 794,620
79,016,305
136,137
950
500
1,456
1, 582,000
2,480, 216
3,941, 717
1,374, 755
287,969
103 555
189,896
5,897
323
1,083
60
1,478
4,000
150
1,685
7,000
150
1,043
1,413
71
380
2,175
40
299,348
1,466
5,628
8,835
2,527
2,595
1, 583,466
2,485,844
3,950,552
1,377, 282
290,564
26,993,371 105,846,465
41 599
91,208
3,330
150
500
27,129, 508 106,145,813
11,098
11,098
305,950
3
i
3
o
o
d
TABLE NO. 39.—Assets and liabilities of active national bankSj Dec. 81, 1954—Continued
[In thousands of dollars]
Loans and discounts
Loans to
Commer- farmers
cial and directly
Loans to
industrial guaranOther
brokers
loans (in- teed by loans
and
dealto
cluding the Com- farmers
ers in
openmodity
securities
market
Credit
paper)
Corporation
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
Other
loans for
the purpose of
purchasing or
carrying
stocks,
bonds,
and other
securities
Real estate loans
Secured Secured
resi- Secured
by farm by
dential by
land (in- properother
cluding
(other properimprove- tiesthan
ties
ments)
farm)
All other
Loans
loans
Total
valua- Net loans
to
(includrebanks ing over- gross loans tion
serves
drafts)
1,595
913
854
1,490,584 34,050
222,378 2,250
367,945 5,720
110,613
97,194
68,127
1,456, 534
220,128
362,225
42,723
2,360,203
2,314,821
112,208
98,107
2,399
1,412
3,751
2,568
1,778
1,272
22,312
18,985
17,588
188,879
74,537
87,616
7,807
4,565
5,279
72,373
23,247
20,726
26,213
18,205
13,180
409,917
133,997
45,829
11,361
51,814
1,016
834,426
2,841
21,187
123,310
9,991
40,159
11
9,967
1,834
61,159
2,177
9,124
46,375
1,169
9,675
258
474,668
438,473
657,862
4,772
49,438
69,206
117,172 1,028,725 61,893
67,470 324, 709
181,169 510,952 "~383"
1,666
1,092
60,409
22,431
76,342
20,155
203,670 6,328,794 122,934 6,205.860
20,022 1,124,565 17,294 1,107, 271
73, 214 2, 769, 505 51, 671 2,717,834
12,578
12,569
9
369
305,121
9,134
1,848
300, 865
304,055 3,190
7,011
409,489 2,002,803
62, 276
313,420 10,846,466 196,946 10,649, 520
163,660
66,435
76,531
53,446
154,664
177,896
124,771
22,085
91,928
631, 420
50, 724
70,127
200, 705
2,665
552,102
557,961
5,859
19,844
184, 729
187,786 3,057
1,540
226, 554
229,477 2,923
3,179
168, 815
170, 787 1,972
4,184
522,075
527,465 5,390
17,180
566,174
571,668 5,494
19, 264
386, 730
394,509 7,779
25, 788
81, 441
82,846 1,405
3,275
488,373
493,375 5,002
19,074
75,893 3,003,323 31, 961 2,971,362
168, 675
169,881
1,969
1,206
240, 651
243, 958 3,307
3,454
721,372
732,367 10,995
18,436
312
310
245
15,850
9
900
5,715
2,548
5,462
5,532
1,353
3,355
23,136
2,477
541
1,152,627
17, 626
23,965
3,340, 642
239,129
1,162,694
2,444
77,987
124,561
77,766
1,445
4,947,457
106, 588
115, 669
870,255
236,796
87,294 1,694,419
22,956
2,711
6,236
3,164
5,066
36,573
100,073
71,630
249,626
254,527
149,588
31,457
273,497
1,489,832
55,962
75,904
379,189
2,245
750
5,734
5,786
25, 639
1,101
9,644
5,372
22, 505
252,371
19, 659
833
19,886
17, 741
3,985
4,131
2,138
8,546
14,898
4,092
10,186
151,469
13,857
25,070
20,844
2,302
1,035
8,635
2,015
2,889
452
10, 712
12,840
1,013
1,409
5,539
8,937
1,605
8,220
2,757
9,172
20,964
2,710
875
3,359
135,130
357
1,525
18,697
3,328,327
371, 525
294,009
53,918
214,308
4,339
5,725
2,526
3,954
23,071
5,287
12,331
8,014
118,869
60,073
14,008
13,732
26,801
47,183
44,377
7,653
32,180
131,465
12,251
38,887
37,162
35,509
14.103
9,038
12,915
18, 219
35,603
14.104
5,059
25,694
98,150
8,802
14,318
23,640
100,174
584, 641
315,154
29,207
29,412
10
21,140
292,750 ~2,~765'
40, 725
105, 741
2,391
2,619
1,401
24,455
4,317
7,540
1,403
1,358
1,322
8,818
875
4,429
40,603
36,888
12, 793
853,458
73,060
135, 825
50
1,131
2,500
Other
loans to
individuals
518,975
2,775
25
617
230
15
1,682
100
255
5,875
213,080
7,365,403
45,382
86,350
7, 279,053
Ohio
Indiana
Illinois
Michigan. _
Wisconsin..
Minnesota _
Iowa
Missouri...
TotalMiddleWesternStatesNorth DakotaSouth Dakota_
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico-.Oklahoma
Total Western States
462, 857
200, 785
1,828,171
369, 806
204,891
322,827
76,962
308,911
33,919
13, 456
147, 558
4,389
15,303
40,461
22, 604
34, 510
33,773
22,388
96, 776
10,314
13,487
43, 268
51,158
32,198
31,329
5,895
290, 662
9,232
7,841
4,054
351
11,030
31, 773
7,594
102, 661
6,798
38,079
14, 741
1,908
16,969
3, 775,210
312, 200
303,362
0,394
220, 523
14,951
24, 522
115, 234
102,421
19, 798
17,338
112,110
35,008
279, 508
18, 483
15, 530
40,066
77,007
7,924
2,079
11,059
8,295
54, 929
13, 534
24, 452
98, 235
57, 644
14,339
14, 009
67, 578
13,824
46,166
36, 773
15,881
23,257
7,902
8,970
9,724
8,996
6,541
380,056
195,330
377, 894
389,454
147, 642
212, 758
53, 618
141, 929
118, 044 1, 898, 681
2,060
25
1,277
966
588
3,033
2,232
302
766
1,177
1,468
3,518
1,725
1,652
4,796
7,418
1,251
970
4, 525
1,769
9,417
20,605
27,467
23, 698
28, 586
20,199
17, 485
59, 663
14, 261
35, 443
18
1,686
2,867
97, 090
39, 761
96,146
78,176
26, 410
29,341
12, 644
28,114
412,578
152,183
527,836
328, 525
84,924
210,261
44,957
152,199
407, 682 1,913, 463
3,619
4,426
12, 789
6,979
2,659
4,249
23, 469
6,201
24, 670
23,883
24,100
58,913
72, 259
32,600
13, 714
77, 666
27, 550
115, 491
260
19
3
350
783
60,362 1, 580,770
663,140
9,867
98, 518 3, 589, 498
21, 365 1, 225,961
573,478
25, 928
919, 847
32, 062
280,992
7,794
760, 736
28,184
284,080
24,352 1,556,418
9,312
853,828
75, 833 3, 513,665
21, 276 1, 204,685
12,933
560, 545
9,908
909,939
4,719
276, 273
6,059
754,677
9, 594, 422 164, 392 9,430,030
1,060
1,119
1,482
14, 549
5, 056
640
249
12,876
841
17, 628
1,793
2,936
4,524
1,821
1,508
538
3,057
1,839
4,419
97,092
121,301
369,477
360,800
98, 204
70, 321
369, 238
107, 403
584,688
2,326
54, 440 2, 200, 959 22, 435
2,178, 524
886, 666
653,387
5, 711, 531
174, 663
127, 264
73, 634
231,002
7,858,147
1,002
152
112
98, 885
124, 237
374, 001
362, 621
99, 712
70,859
372, 295
109, 242
589,107
720,890
235,372
349, 781
7,933
14,050
33,523
247, 407
9,061
446,176
312, 595
193, 610
1, 852,112
30,106
41, 042
9,116
63, 543
91,411
54,241
109,623
21,642
3,549
1,488
16,067
33, 054
29, 989
169, 507
21,083
5, 530
3,325
31,152
3,841
2,048
30,124
5
630
150
381
3,573
2,499
28,036
196
555
745
250
10, 844 188, 692
173, 502
9,868
61, 210 2, 228,293
58,981
2,476
38,610
1,489
25, 630
700
56, 295
1,648
34, 642
30, 923
252, 787
7,678
5,732
5,256
1,685
200,020
156, 300
972, 831
31,917
27, 298
26, 691
60, 111
75
899, 046 12,380
20, 299
657, 615 4,228
4,635
52,046 5, 794, 958 83,427
176, 772 2,109
2,688
4,157
128, 592 1,328
780
73,881
247
1,106
232,238
1,236
2, 502,124
298,021
293, 640
37,179
35, 854
88, 235 2, 770, 003
338, 703 1, 475,168 38, 464
85, 711 7, 963,102 104,955
Total United States (exclusive of possessions)
16, 426, 635 1,341,332 1,380, 426 1,355, 892
739, 736
Washington..
Oregon-.
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Alaska
The Territory of Hawaii
Virgin Islands of the United
States
Total possessions
7,280
12, 807
4,980
19
2
345
20,432
19
7,640
Total United States and
possessions
16, 447, 067 1,342,432 1,385, 408 1,355,911
747,376
1,100
4,982
440, 450 7, 605, 068 1, 694,086 8,240,977 112,499
6,485
9,847
3,875
3,724
191
8,733
47, 777
1,097
330
538
1,114
57, 607
7,929
16, 870
47
876
1,100
441, 564 7, 662, 675 1, 702,015 8,257,847 112, 499
3, 454 40,330, 555 620,460 39,710,095
37
1,200
27, 559
88,868
1,282
118,975
922
470
26,637
88,898
1,392
117, 583
2,548
2,548
994,736 40, 449, 530 621,852 39,827, 678
l
CO
TABLE N O . 39.—Assets and liabilities of active nationa banks, Dec. 81, 1954—Continued
[In thousands of dollars]
Demand deposits
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
_
and corporations
Government
28,416
999
16
2,753
5,493
2,142
44,581
7,863
25,858
90,777
44,978
78, 639
436, 646
195,075
211,878
187
605
85
12, 225
490
1,393
7
15
3
1,555
24
15
603
79
563
6,620
351
548
386, 680
29, 450
88, 690
1, 057, 993
14, 985
1,619
348, 733
70, 074
182, 683
329
32, 731
24, 455
416, 475 1, 321, 720
196,186
46, 557
222, 709
482, 203
215
71, 480
69, 725
126
51, 932
553,427
204
16, 304
2, 220,037
1,192, 748
2,174, 381
12, 542
200, 463
151, 348
54, 063
7,034
4,000
10
7,751
9,538
770
374
3,043
497,192
41, 754
66, 849
345
4,931
12, 482
1,025
761, 301 15, 049, 383
659,005
907,191 1, 972,137
573, 352
623, 553
5,951, 519
82, 396
31, 318
13,600
11, 575
9,437
23, 773
45, 350
25, 210
5,353
24, 413
193, 363
13,170
17, 275
37, 401
31, 446
15,688
14, 572
16, 249
33, 643
29, 463
29,007
6,341
30,829
138, 714
9,500
16, 565
37, 947
81, 562
141, 919
48, 769
32, 238
31,157
37, 550
74, 585
17, 746
100, 444
188,112
184, 412
227, 398
108, 210
90, 060
31,104
25, 410
255, 817
236, 586
413, 960 1, 356,033
41, 685
60, 619
31, 782
59, 881
118,165
388, 256
158
1,607
22,108
17, 322
9,921
10, 794
20, 714
21,614
11, 874
993
21, 363
131, 993
4,136
6,681
13, 993
408, 284
154,186
91, 041
57,121
174, 372
307, 968
225, 799
52, 322
217, 663
768, 285
83, 294
128, 593
391, 776
20,584
2,007
2,821
8,105
3,994
9,726
2,640
759
523
23, 550
644
1,897
3,875
31, 881
293, 506
3, 060, 704
81,125
Government
States
and
political
subdivisions
53
9,590
6,094
5,645
82, 991
11,130
26, 457
130,732
134,842
61, 344
2,141,073
221,194
680,176
5,764
7,282
2,829
97,687
8,400
30, 536
12, 576
18,629
6,226
165, 230
26, 303
35, 914
9,040
10,332
1,347
335, 686
6,699
23, 576
53
141, 907
3, 369, 361
152,498
264, 878
876
527
50
446, 715
69, 262
211, 554
1,010
16, 210
16, 550
8,443,199
1, 450, 566
4, 007, 266
18, 276
531, 328
598, 748
200
._ __
Individuals, partnerships,
Individuals, partnerships,
and corporations
1,453
Total Southern States
Certified
and
cashiers'
checks,
etc.i
Common
stock
Preferred
stock
200
Time deposits
709, 338
303, 584
384, 475
341,079
694, 283
1,133, 983
689, 260
147, 538
875, 882
4, 687, 298
327, 488
512, 576
874, 961
451, 238 11, 681, 745
U . S.
Banks
in
United
States
409, 964 1, 521, 652 2, 861, 808
Banks
in
foreign
countries
19
50
55
6,310
552
6,857
16, 292
U.S.
States
and
Postal political
savings subdivisions
Banks
Banks
in
in
foreign
United counStates
tries
60
18,990
8,764
60
18,990
98, 871
18,088
65, 413
164
2,805
12,017
28
1,157
535,006
1,795
185, 341
13, 222
120
186
1,287
356
684
275
6
810
1,465
51
1,170
24
15
178
38,297
569
32,122
414
2,564
44, 989
110
110
1,879
155, 752
453
5,250
19, 309
110
5,551
135
75
1,872
2,671
301, 818
12, 626
7
849
66
5
§
o
1,025
20
o
f
f
536,031
3,000
d
a
3,000
Ohio
Indiana
Illinois
Michigan.
Wisconsin
Minnesota
Iowa _
Missouri
25
1,508
1,000
50
100
__._
Total Middle Western States. _ 2,683
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
The Territory of Hawaii
Virgin Islands of the United States.
Total possessions
Total United
possessions
1
_ .
States
109, 842
41, 028
271, 544
59, 557
30, 405
41,155
15, 663
44,153
2,
1,
6,
1,
558, 356
255, 709
202, 258
973, 002
907, 004
1, 234, 389
460, 985
1,176, 363
613, 347 15, 768,066
1, 233,168
560, 826
2, 455, 941
1,163, 057
530, 558
574, 721
186, 477
283, 817
2,273
4,383
8,921
1,145
4,673
470
1,515
2,140
185
2,282
1,236
35
1,058
68
55
538
86, 910
830
112, 260
41, 293
7,514
9,838
119
5,044
375
173
310
235
413
139
1,670
60, 966
38,109
105, 805
31, 654
22, 004
24, 213
14, 052
. 14,476
50,183
311, 279
6, 988, 565
25, 520
5,457
263,808
1,965
23
75, 465
70, 858
118, 658
133, 973
64, 714
52, 323
236, 258
61, 070
182, 328
657
1,126
74
3,238
32
1,645
1,718
2,119
5,627
6
2
28
39
18
10
11
97
1,187
4,642
137
1,156
133
133
17, 530
27
4,779
8
5
216
2,083
2,660
8,456
9,848
2,888
1,476
9,845
4,175
30, 633
1,292
244, 560
262,158
237, 978
127,084
434, 011 1, 200, 894
165, 627
190, 339
57, 878
129, 544
142, 065
370, 790
61, 878
122, 926
104, 544
446, 013
3,032
216
37, 333
5,352
586
1,994
806,194 1,466,139 2, 832,150
122, 988
57, 572
287, 836
149, 901
45, 494
65, 575
25,274
51, 554
17, 568
320
17,568
5,085
5,018
25, 065
22,130
5,615
3,010
19, 655
7,140
37, 435
172, 524
187,049
716,461
679, 301
225, 079
137, 314
680, 569
193,026
1,135, 693
5,894
6,931
34, 398
26, 740
6,079
3,678
25, 818
9,819
41,499
10, 450
23,145
69, 383
197, 450
29, 304
30, 590
39,609
65, 031
147, 288
9,816
10, 861
159, 360
96,150
18, 026
11, 919
94,156
15, 033
222, 350
130,153
4,127, 016
160,856
612,250
637, 671
338
72, 064
995, 647
16, 236
211
29, 724
1,318
39, 750
38, 935
267, 561
9,025
6,275
5,410
10, 925
1, 214, 956
806, 545
6, 055, 630
217, 239
193,430
108,492
301, 554
44, 410
24,568
224, 755
6,539
5,979
3,843
9,523
135, 926
142, 913
591, 854
50, 903
36, 600
26, 571
42, 854
73, 965
27, 488
268, 406
4,272
20, 715
1,253
9,596
4,519
1,413
130, 073
529, 923
536, 693
5, 061, 803
124, 726
72, 479
68,079
116, 252
7,733
64
38, 619
1,059
2,343
1,955
1,953
9
13
233
11
1,020
820
21, 290
534, 688
390
50
18, 630
90
50
163,151
3,197
17, 043
27, 445
283, 600
2,552
1,818
2,514
7,201
10
1,942
15
377,881
8, 897, 846
319, 617 1, 027, 621
405, 695
139, 202
342,173
6, 509, 955
53, 726
1,296
558, 755
19, 210
169, 751
13, 049 1,348,210
48, 401
745, 340
4,389 2, 475,827 58,893,417 2, 508,134 5, 799, 731 9, 096,141
1,478
4,000
150
43, 007
67,123
1,685
11, 267
• 16,971
253
6,012
9,845
593
1,054
1,769
5,628
111,815
28, 491
16, 450
2,823
9
3
87
824, 406 1, 731,265 24, 564, 383 273, 988
13
6,600
517
616
2,463
36
22, 480
86, 807
3,183
12, 953
399
10
10
6,156
3,992
128
18
1
517
3,115
112,470
13, 352
20
10, 276
18
1
13, 069 1, 358, 486
48, 419
745, 341
and
4,389 2, 481, 455 59, 005, 232 2, 536, 625 5,816,181 9, 098, 964
824, 923 1, 734, 380 24, 676, 853 287, 340
Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve banks (transit account).
r
Ox
TABLE NO. 40.—Assets and liabilities of all active banks other than national, Dec, 31, 1954 {includes State commercial, mutual savings, and
private banks)
ASSETS
1
OS
[In thousands of dollars]
CorpoObligaU. S.
rate
Other
Govern- tions of
Loans
stocks,
Num- and dis- ment ob- States
bonds, including
Currency
ligations, and pober of
counts,
notes,
of and coin
and de- stocks
banks including direct and litical
Federal
overdrafts guaran- subdivi- bentures Reserve
teed
sions
banks
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island.
Connecticut
62
59
35
253
13
134
_
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
LouisianaTexas
Arkansas
Kentucky
Tennessee
_
_.
Total Southern States.
239,914
252, 204
242,419
183, 489
60,562
2,225,199
258, 757
1,077, 289
22,462
7,837
9,332
120,844
20,690
110,803
4,888
339,301
55,730
247,889
18,150
32, 245
2,147
215,384
21,441
80,423
556 5,097, 435 4,047, 715
291,968
2,906,005
322,409
1, 210,040
51,925
InvestBalances
and Cuswith other
Real ments
other
tomers'
banks, in- Bank
estate
liability
cluding premises owned,
on acreserve owned,
indirectly
balances furniture other represent- ceptand cash and fix- than
ances
ing
bank
bank premises
items in
outtures premises
process of
or other standing
collection
real estate
10, 948
2,665
3,268
51,544
10,849
35, 816
54,814
21, 459
17,153
368,999
61,888
231,413
4,897
3,186
1,904
39, 522
5,984
24,401
710
403
156
1,430
11
709
755, 726
248
362
856
325
154
80
5
o
Other
assets
1,051
305
364
13,507
1,244
19,093
Total
assets
647, 538
526,685
6, 282, 745
759,408
3,037,881
722, 625
369, 790
115,090
79,894
3,419
1,791
239 35, 564 11, 521,256
348 19, 230,954 12, 526, 554 1, 675,228 1,607,321
134 1,406,102 1,327, 522 291,362 241, 758
316 2, 564,932 2,002,970 477, 724 704,054
26
266, 778
235,110
26, 534
65,632
103
715,850
54,082 102,204
200,765
178,020
8,943
8,845
271, 747
20,893
46,314
9,729
4,235
867
236, 205 6,139,955 251,302
54,500
411,480 40,733
94,338 1,017, 786 61,104
9,186
93,165
5,655
26, 467
201,166 14,378
10,062
108,823
7,933
1,550
391
4,027
357
256
5,023
124
10,171
1,036
34
1,150
289,824 241,038 42, 476, 701
212 15, 716 3,810, 793
2,026 26,395 7,011, 841
1,988
715,171
1
96 32, 981 1, 710, 747
2,137
527, 545
936 24, 228, 529 16,986,026 2, 533,873 2, 729,814
353, 785
430, 758 7, 972,375 381,105
292,159 320, 255 56, 252, 798
6,581
17, 538
462,161
174,421
647,773
96,412
422,224
301,794
144,210
239, 477
230,423
740,939
148,092
466,396
305, 728
372, 678
219,001
550,877
115,202
330,308
443,232
136,950
209, 843
243,917
545,723
161,966
441,236
217, 245
60,340
29,441
152,800
32,815
40,993
64, 531
35,105
103,970
96,301
119,704
35,825
30,609
52, 705
16,035
3,584
70,583
9,210
5,096
3,308
5,300
3,291
2,329
29,820
4,003
14,572
4,933
1,389
921
2,015
208
1,413
416
308
417
639
2,957
205
1,077
1,125
26,112
13, 277
49,286
11, 218
25,185
25, 543
11, 725
20,569
23,205
43,835
10, 455
24,702
19, 727
257,409
96, 584
395,030
75, 796
244,846
200,177
96,374
171,383
212, 698
549,972
133, 519
324,663
163, 444
14, 310
4,295
15,446
2,762
10,569
12, 706
3,145
6,492
5,331
22,487
2,810
6,440
9,055
309
29
130
103
652
508
143
322
97
2,240
27
141
503
2,365
626
180
10
139
198
157
2
1,148
207
2
35
12
2,707 4,380,050
3,987,578
855,139
172,064
13,090
304,839
2,921,895
115,848
5,204
5,081
184
108
178
125
334
150
163
172
132
479
178
282
222
440
33
2,316
50
56
2,950
2,165
1,299
7,995
440
3,141
2,673
582
580
1,460
2,120
306
1,511
1,174
1, 215, 273
543, 484
1,891, 516
344,176
1,085,006
1,055,119
433,999
758, 662
817, 598
2,060,004
497, 210
1,311, 430
775, 707
25, 446 12, 789,184
I
o
o
d
Ohio
Indiana
-
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States .
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
C olorado
New Mexico
Oklahoma
Total Western States,.
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
. ..
Total Pacific States
Total United States
(exclusive of possessions)
Alaska
C anal Zone (Panama)
_
Guam
The Territory of Hawaii
3
Puerto Rico
American Samoa
Virgin Islands of the United
States
Total possessions
Total United States
and possessions
5, 516,921
1,929,380
4,628,046
3,801,385
2,124,848
1,378,801
1,990,802
3,484, 820
2,013
54,012
24,855,003
2
38
128
59
219
125
533
436
438
25
1,974
106
532
375,891
307,798
485,103
982,361
360,915
101,721
484, 779
147, 765
404,138
486
474
4,388
3, 650,471
30
26
100
67
70
2
579
165
8
688
7
1,255
1,178
385
17,321
90
304
178
960
630,136
191,107
5,016,359
134, 732
488,656
69, 740
219,882
59, 256
874
2,222
20,416
6, 750, 612
47, 832
1,950,370
572,288
1,247,121
1,232,029
728,024
547,462
758,059
1,263,079
2,066,924
864, 743
1,953,051
1, 508,296
865,175
474,390
705,982
1,145,662
332,335
89,964
362,357
329,726
126,246
88,222
136,691
198,692
113,905
23,994
157,920
32,856
27,875
69,868
16, 569
58,833
6,449
1,240
8,656
3,913
1,190
183
895
17,204
92,947
38,227
46,675
62, 677
37,058
19, 596
32,042
43,205
896,752
324,929
810,474
589,442
320, 741
169, 734
329,928
732,109
30, 557
10,933
18,801
34, 535
13,455
6,717
8,001
17,976
134
93
892
254
253
229
23
425
10,969
641
5,641
220
1,227
241
1,389
398
1
52
1,296
96
30
22
3,686
8,298,432
9, 584, 223 1,664,233
501,820
39, 730
372, 427
4,174,109
140,975
2,303
20,726
116
135
296
432
71
28
84
26
187
98,627
100,321
162,384
368,443
106,185
28,298
186,663
45,146
162,813
188,148
135,629
198,625
292,502
149,034
39,858
160, 797
51,314
113, 778
28,140
12,478
21,646
106,890
18,513
4,862
17,333
4,237
29,202
11,053
1,523
3,574
3,013
8,979
665
1,034
33
2,712
17
109
185
308
305
71
398
55
71
4,091
4,166
6,092
13, 259
4,762
1,501
7,068
4,451
7,857
44,856
52,381
90,314
193,277
71,638
25, 763
106, 563 •
40, 970
85,340
739
1,059
1,712
3,925
1,033
665
2,703
1,213
1,754
1
7
38
61
28
11
208
112
20
1,375
1,258, 880
1,329,685
243,301
32, 586
1,519
53, 247
711,102
14, 803
79
35
98
27
45
3
10
283,003
75, 721
1,941,812
56,667
187,938
30,066
65,915
203,988
67,106
1,813,464
41,861
160, 512
23, 927
90,302
26,869
13,199
276,117
8,158
26,046
1,126
14,013
36,764
217
89, 553
20
2,267
250
6,774
498
59
6,228
78
479
46
80
7,045
3,419
39,209
2,299
5,310
1,973
5,141
66, 524
29,092
780, 758
24, 575
101,395
11, 439
32,984
4,072
1,875
45, 551
910
3,080
733
3,035
297
2, 641,122
2, 401,160
365,528
135,845
7,468
64, 396
1,046, 767
785,382 1, 340, 757 17, 581, 974
9,557 45, 904,448 38,336,387 5,954,042 4, 294, 754
19, 635
1,735
13
0)
(
\
1,196
2,635
10
l
5^584
109,229
194,439
87
70, 943
66,709
866
11,715
31,028
3,651
8,614
2
1,335
790
183
6
35
326,146
160, 678
44,122
14,906
9,592 46, 230, 594 38,497,065 5,998,164 4, 309, 660
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.
247
791,881
18,867
6,407
1,599
14
34,024
29, 570
382
599
31
54
4,328
5,132
2
113
203
420
35
37, 200
72, 416
10,181
671
339
786, 673 1,377,957 17,654,390
802,062
19, 538
48,171
1,111
1,291
61
329
168
5,558
99
2,413
3,330
1,695
8,961
20,548
50
180
1
4 branches of 2 national banks in New York.
2 Branch of a national bank in California.
3
Asset and liability items include data for branches of 2 national banks in New York.
516
15, 578
2,276
15,162
7,341
3,574
2,137
1,223
6,721
403
355
521
352
463
502
567
523
339
5,558
O
O
o
E
302, 919 460,081 115,819,324
101
2,015
2,116
93
13,114
19,117
1,072
11,327
16
47,503
21,049
26, 525
245, 803
369, 550
1,403
58
3,030
44, 797
714,863
305,035 504, 878 116, 534,187
3
i
TABLE N O . 40.—Assets and liabilities of all active banks other than national, Dec. 31, 1954 (includes State commercial, mutual savings, and
private banks)—Continued
r
GO
LIABILITIES
[In thousands of dollars]
Location
Maine
New Hampshire-.
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States.
New York
New Jersey.-_Pennsylvania -_
_.
Delaware
Maryland
District of Columbia.
Total Eastern States.
Virginia
West Virginia
North Carolina-.
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Total Southern States
Demand
deposits
Time deposits
Bills payable, rediscounts,
and
Total de- other liaposits
bilities for
borrowed
money
146,658
20,002
43,014
1,173,216
229,897
731,111
428,964
440,877
198,056
4, 417,900
457,407
2,000, 709
575,622
460,879
241,070
5, 591,116
687,304
2,731,820
2,343,898
7,943,913
"575
Acceptances executed by
or for account of reporting
banks and
outstanding
154
80
5
Other liabilities
3,608
4,045
1,142
54,893
7,922
22,952
Capital
stock i
9,510
2,070
5,029
40,424
6,775
27,860
Surplus
31,660
32,358
7,625
344,681
47,361
163, 204
Reserves
and retirement account for
Undivided preferred
profits
stock and
capital
notes and
debentures
25,329
23,886
7,087
242,135
9,596
83,129
1,809
3,397
5,046
9,312
370
8,336
10, 287,811
655
239
94, 562
91,668
391,162
28, 270
18,624,808 19,476,821 38,101,629
1,533,825 1, 961, 715 3,495, 540
3, 503,464 2,823, 522 6,326,986
201, 567
433,446
635,013
764,882 1, 559,039
794,157
342,371
140,620
482, 991
8,433
531
125
306,692
212
2,040
1
96
422,604
34, 209
64,014
7,529
16,374
6,490
591,026
59,612
132, 565
12,996
23,576
9,340
2,202,838
169,418
381, 738
50, 251
63,363
19,685
724,027
33,941
87,049
8,773
43, 894
6,385
119,452
17,330
17,324
608
4,405
2,654
309,041
551,220
829,115
2, 887, 293
12,804
3,946
37,769
1,201
14, 563
5,893
1,828
3,118
3,563
10, 402
612
9,174
8,466
29,442
14,670
24,943
11,357
26, 797
25,426
10,963
14,036
18,040
47,316
11,438
26,124
20,628
25,232,071
707,818
337,329
L, 320,829
259,602
736, 242
732,043
289,768
586,004
609,586
L, 654, 536
387,397
L, 022,024
460,902
9,104,
25, 369,127 50,601,198
405,078
145,158
400, 266
53,021
243, 598
253,242
106,867
114,314
155,628
264, 512
69,754
182,065
245, 710
1,112, 896
482, 487
1,721,095
312, 623
979, 840
985, 285
396,635
700,318
765, 214
1, 919,048
457,151
1, 204,089
706,612
2,639, 213 11, 743, 293
200
2,800
261
1,500
461
51
200
440
33
2,316
50
1,155
2,967
113,339
281,180
904,069
161, 773
41,292
25,664
80,883
11,820
33,837
26,120
13,824
36,178
20,019
46,974
13,472
48,840
20,669
15,867
11, 205
19,189
4,822
20,068
10,069
9,998
1,718
8,607
28,355
12, 524
20, 870
15,949
2,772
2,706
7,375
853
751
778
2,105
7,909
2,013
2,268
2,172
419,592
179, 241
42,944
O
o
o
o
f
i
9,000
2,242
o
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
2,860, 703
1,193,177
2,855,970
1,805, 256
1,069,666
565,116
1,309,084
2, 562,622
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
1
14, 221, 594
2,251,031
601, 643
1,444, 822
1, 715,390
901, 538
707,300
524, 824
641, 420
5, 111, 734
1, 794,820
4,300,792
3, 520, 646
1,971, 204
1, 272, 416
1,833,908
3, 204,042
8, 787, 968 23,009, 562
234,139
218,410
393,938
758, 623
276,696
73,453
328,072
113, 319
296,046
111, 380
65, 678
48, 614
147, 906
64,134
20, 338
119, 478
25,912
74,965
345, 519
284,088
442, 552
906, 529
340, 830
93,791
447, 550
139, 231
371,011
2, 692,696
678,405
3,371,101
194, 391
94,424
2, 545,448
87,049
275,382
45, 237
151, 633
3,393, 564
56,987,903
1
52
1,296
* 96
30
22
94,943
32, 523
81,903
79,855
44,386
23,801
40, 583
83,606
194, 958
52,092
104,872
94,494
61,027
45, 792
58,158
91, 559
63, 502
52,851
35,662
23,033
47,944
66,649
4,070
3,151
40,718
13,436
4,248
9,556
6,941
7,497
383,809
89,617
48
569
50,841
12,778
34,063
40,007
8,291
4,181
3,268
30, 850
1,118
2,066
184, 279
481, 600
702,952
768
646
273
1,419
1,920
1,556
292
5,434
455
2,034
7,197
6,125
12,302
20,370
5,965
1,528
10, 915
3,120
8,725
9,082
7,234
15, 588
29,116
7,395
3,278
11, 240
2,550
10,105
8,540
8,631
10,781
22 808
4, 565
2,471
7,457
1,031
10,844
4,757
1,447
1,866
1,219
604
361
1,606
1,378
651
2,489
14, 029
76, 247
95, 588
77,128
13,889
5,732
1,191
56,145
1,196
4,072
796
3,149
7,730
3,595
109,198
2,867
9,723
1,503
4,560
26, 717
4,657
134,112
3,733
13, 279
1,773
7,109
9,160
2,134
58,313
1,468
7,173
377
2,296
3,349
320
4,093
376
453
17
720
170
900
150
595
399
577
383,057
84,786
2,103,486
38,043
178, 574
20,037
50,415
577, 448
179, 210
4, 648, 934
125,092
453,956
65, 274
202,048
2,858,398
6, 251,962
5,564
72, 281
48,277,024 105, 264, 927
319,877
1,029, 710
101
2,015
194
4
189
2,308
13,398
4
40
5,564
19,979
34,061
19,112
13,161
118,697
181,380
790
1,607
9,999
1,933
13,175
100, 265
123,972
446
1,003
44,060
21,045
26,336
218,962
305,352
1,236
2,610
368, 808
250, 793
619, 601
1,838
2,116
16,137
57, 356, 711 48,527,817 105, 884, 528
21,817
321,993
1,045, 847
83
1,755
139,176
191,380
1, 898, 986
4, 923, 694
60,204
33,964
80,921
9,328
2,016, 330
345,821
1,082
1,125
765
277
8,298
33,684
50
250
9,112
10,112
65
50
3,725
1,590
48
80
3, 214
1,644
43,364
1, 942, 350
20,464
6,208
5,135
4,944,158
2,022, 538
350, 956
o
o
O
f
d
Includes capital notes and debentures. (See classification on pp. 182 and 183).
r
CO
TABLE NO. 40.—Assets and liabilities of all active banks other than national, Dec. 31, 1954 {includes State commercial, mutual savings, and
private banks)—Continued
00
[In thousands of dollars]
o
Loans and discounts
Other
loans
Loans to
for the
Commer- farmers
cial and directly
Loans to purpose
industrial guaranbrokers of purOther
loans (in- teed by loans
chasing
and
to dealers
cluding the Com- farmers
or caropenmodity
rying
in secumarket
Credit
stocks,
rities
paper)
Corpobonds,
ration
and other
securities
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-
37,710
7,913
9,749
250,798
58,209
118,050
192
790
"645"
423
5,464
420
6,931
2,364
207
4,541
5,403
530
3,105
19,927
Real-estate loans
Secured Secured
resiSecured
by farm by
dential by
other
land (in- properties
propercluding
(other
ties
improvethan
ments)
farm)
801
69
1,677
21,112
3,744
7,602
4,994
2,655
13,033
7,443
566
7,294
Other
loans to
individuals
30,438
41,062
15, 520
313,552
24,637
69, 615
35,866
9,521
14,706
198,969
40,228
140,299
"375
494,824
439,589
1,187
482,429
1,707
147,929
2,095
2,489
1,718
443
500
6,160,263
155,174
98,015
25,269
244, 238
16-, 160
121, 586
87,598
27,531
82,135
57,504
218,306
23,222
130,430
54,575
3,944
1,075
6,031
4,990
17,059
490
5,863
26,796
8,206
94,505
30,898
3,929
15,414
3,715
19,342
6,805
23, 677
11,951
16,897
19,475
12,148
80,303
21, 593
31,589
23,889
1,893
264
3,612
8
2,454
220
169
618
335
236.
358
904
490
1,875
4,846
12,654
1,826
8,749
5,248
1,781
6,133
1,204
13,626
1,789
15,615
1,616
18, 729
6,560
28,038
6,364
25,130
9,036
12,607
17,458
13,656
10,392
10,149
41,613
29,307
114,039
60,050
73,275
21,759
89,806
57,082
27,735
23,184
43,700
56,709
19,317
78,682
53,129
28,125
15,909
42,507
5,890
22,354
26,005
8,587
12,229
21,842
26,197
7,117
"24,887
15,285
213,676
286,798
11,561
76,962
229,039
718,467
256,934 1,369,145
39
124,188
189,735
103,729
2,117,176
194,682
863,935
5,040,350
208,456
690,220
72,500
84,705
63,972
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida.._
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States. 1,186,569
All
other
Loans loans
(into
banks cluding
overdrafts)
773
9,461
35,005
35,985
3,593,445
32,563 1,311,827
2,117
10,170
11,142
50,389
2,496
3,205
7,014
5,000
51
3,937
395,499
8,831
68,262
2,257
13,908
512
26,684
2,325
16,290
7,442
13,022
53
9,437,758 1,451,321 1,231,456 123,155
116, 761 251,324
814,025
906,407
154,146
641,385
""28"
13,467
96,688
66,492
264,914
41, 713 125,104
i,~300~
11,832
46,369
63,015
55,383 1,384,528
489,269
65, 816 11,566,161 1, 789,240 2,378, 776 124,483
176,254
53, 624
215,469
32,606
110,931
101,174
43,803
52,491
69,470
237,135
32,487
129,685
114,016
304
523
189
267
15
1,
Total
gross
loans
2,118
1,080
2,900
7,211
4,985
5,230
242,233
252, 535
168,245
2, 925,591
327,788
1,220,691
23, 524
5,137,083
Less
valuation
reserves
Net
loans
2,319
331
1,382
19,586
5,379
10,651
239,914
252,204
166,863
2, 906,005
322,409
1,210,040
39,648
5,097,435
357, 248 19, 555, 790
15,165 1,431,269
64,463 2,605,221
2,044
268, 309
8,460
565,583
11,298
201, 539
324,836 19,230,954
25,167 1,406,102
40,289 2, 564,932
266,778
1,531
558,998
6,585
200,765
774
458, 678 24,627, 711
399,182 24,228, 529
8,330
5,026
14,195
1,254
4,853
5,778
1,152
3,412
6,576
8,351
2,239
15,475
466,922
176,338
659,884
97,662
426, 788
304,849
146,125
243,946
234,641
745,760
149,169
472,809
309,166
4,761
1,917
12, 111
1,250
4,564
3,055
1,915
4,469
4,218
4,821
1,077
6,413
3,438
462,161
174,421
647, 773
96,412
422,224
301,794
144,210
239,477
230,423
740,939
148,092
466,396
305,728
83,610
4,434,059
54,009
4,380,050
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa _
Missouri
.
.
.
Total Middle Western States
110,404
31,547
45,443
85,066
65,100
30,877
32,140
81,277
29,166
16,672
56,620
9,462
3,452
35,563
71,576
42,632
43,305
60,259
101,679
57,713
68,090
107, 789
221,457
89,794
78,234
533
59,710
1,175
1,641
304
558
5,346
69, 782
3,838
50,107
9,470
6,542
1,243
5,625
10, 945
57,199
39,625
23, 723
37,284
58,447
46,529
52, 631
40,212
681,236
204,289
227,873
477,652
245,292
207,859
137,446
321,445
1,846,131
265,143
750,086
147,501
157, 552
355,650
2, 503,092
4 293
5,776
15,001
47,884
16 019
3,969
46 677
12,397
24,468
37 779
25,596
33,306
94,499
17 066
736
4,933
1,786
31,267
28,808
39,736
72,324
98,487
24 234
9,449
31,665
8,134
30,817
260
38
115
142
702
1,619
838
91
2,078
197
671
4,600
2,847
6,268
14,339
1,816
883
1,967
1,224
3,611
11,584
14,868
11,565
43,826
21,302
6,362
30,333
6,027
10,304
1,221
2,605
2,907
9,545
4,158
2,209
7,369
2,384
3,824
11,159
9,669
20, 938
57, 718
21,488
4,659
62,588
13,482
57,804
176,484
246,968
343,654
863
6,453
37,555
156,171
36, 222
259,505
29 418
11 719
503 519
10 269
48,243
6 612
17,035
16,155
2 082
14, 977
6 234
2,083
350
2,140
8,002
3 905
42 553
13 922
22,016
2 576
4,603
11
19,479
6
151
648
586
20,443
806
1,806
6
436
4,945
2,167
30,876
1,237
5,862
107
987
162,026
33,633
814,183
8,013
53,178
9,370
17,678
35, 527
6,458
151,006
2,103
18,090
2,839
3,836
26,316
14,295
325,649
13,976
35,748
8,373
19, 760
626,815
44,021
97, 577
19, 653
24, 725
46,181
1,098, 081
219,859
444,117
926,689 1,553,425 1, 573, 567
789,966
431 707
83,848
424,787
212 132
162,314
43,741
119,802
367,800
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western StatesWashington
Oregon
C alifornia
Idaho
Utah
Nevada
Arizona
Total Pacific States-
Total United States
(exclusive of possessions)
10,478,631
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico.-American Samoa
Virgin Islands of the
United States
Total possessions- _.
3
1
2
25
101
457
132
160
059
786
45
18,237
134,183
250
18,480
926,939 1,571,905 1,573,567
481,854 1,736, 911
5,071
2,269
13,447
284
3
2,806
986
43,979
14, 713
349
12,595
6,234
305
132
352
13,731
2,854
65,054
21, 579
55,838
803,697
59
30
100
63,592
4,851
32,073
11,047
12,476
3,274
6,652
25,979
1,980,921
580,301
1,263,532
1,243,904
739,862
553,020
764,356
1,278,172
30, 551
8,013
16,411
11,875
11,838
5,558
6,297
15,093
1,950,370
572,288
1,247,121
1,232,029
728,024
547,462
758,059
1,263,079
204
159, 944
8,404,068
105, 636
8,298,432
109
369
1,867
2,110
1,366
102
488
436
1,240
99,668
101,608
164, 878
370,336
108,325
28,460
188,763
46,067
164,006
1 041
1,287
2,494
1,893
2 140
162
2,100
921
1,193
98 627
100,321
162,384
368,443
106 185
28,298
186,663
45,146
162,813
8,087
1,272,111
13, 231
1,258,880
1,094
1,512
46, 077
566
2,358
45
74
284,142
76,357
1,968,999
57,132
189, 535
30,272
66, 555
1,139
636
27,187
465
1,597
206
640
283, 003
75, 721
1,941,812
56,667
187,938
30,066
65, 915
51,726
2, 672, 992
31,870
2, 641,122
15
49
100
149
237
237
770,226 19,635,417 3,278, 933 6, 628,043 127,558
45
243
544
Total United States
and possessions
10, 612,814
250
565
416,281
134,839
241, 517
342, 903
116,508
75, 782
116,439
292, 642
3,211
107
2,086
13,798
36,242
42
785,569 46,548,024
224
3
1
3
422
14,533
2
1,335
224
14,964
327,157
773,080 19,700,471 3,300, 512 6,683,881 127,782
14,549
1,240
5,584
109,303
195,059
87
800,533 46,875,181
643,576 45,904,448
317
74
620
14,232
1,240
5,584
109,229
194,439
87
1,335
1,011
326,146
644,587 46, 230,594
TABLE N O . 40.—Assets and liabilities of all active banks other than national Dec. 31, 1954 {includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Capital
Capital
notes
and
debentures
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Preferred
stock
100
__
710
800
Total New England
States
New York
New Jersey. Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern StatesVirginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana. _
Texas
Arkansas
Kentucky
Tennessee
Total Southern States.
1,610
42,431
1,775
1,129
7,846
360
520
44, 206
9,855
982
50
30
32
33
9
599
17
5
50
87
1,720
Demand deposits
Individuals, partnerships,
and corporations
Government
States
and
political
subdivisions
9,410
2,070
4,319
39,624
6,775
27,860
116,184
15,405
34,139
977,478
192,679
618,278
6,030
401
2,099
33,011
6,707
24,262
16,906
2,868
5,182
79,451
17,232
44,843
3,747
1,105
424
48,919
5,615
23,956
90,058
166,482
Common
stock
U. S.
Time deposits
Certified
Banks in Banks in
and
United
cashiers'
foreign
States
countries checks,
1
Individuals, partnerships,
and corporations
3,791
223
1,170
33,801
7,258
19, 756
424,217
440,605
196,234
4,411,842
456,352
1,998,872
65,999
etc
556
406
16
14
990
804
32
10
76
150
45
685
271
12, 615
747
323
269,875
266
202
800
1,382
19
273,159
26,827
89,874
9 568
15,324
683,613
981,992 23, 981,338
27,296
342
414, 752
270,348
10, 976
14,404
19,690
1,322
7,298
7,587
1,409
3,071
7,799
18,979
2,638
9,635
3,129
367,099
143,687
333, 721
49,015
235, 270
210,369
104, 799
112,914
142, 523
236, 588
68,115
169,215
230,010
3,446
381
3,892
737
1,702
1,267
474
1,014
1,111
57
505
4,167
1,227
2,252
352
8,725
5
493
2,976
38
696
39
1,870
2,060
980
1,433
280
383
18
467
5
62
31, 585
699
52,058
1,204
5,153
37,197
1,281
386
10,831
27,419
587
8,651
13,271
780
430
80
27
1,140
107,937
2,403, 325
19,980
15, 771
190,322
9,815
775,054 19,308,389
774, 500
968,792 2, 514,785
28, 460
14,620
24,913
11,357
26,765
25,393
10, 954
13,437
18,023
47,311
11, 438
26,074
20,628
535,025
256,055
908,171
206,250
571,254
582,415
227,358
432, 695
400, 551
1,385,146
323,812
753,877
377,874
14,454
12,288
41,134
7,715
22,100
13,291
7,999
12, 719
9,098
24, 517
8,014
25,867
12, 488
279,373
6,960,483
142
35
84
485
313
34
1,093
Banks in
foreign
countries
20
2,158
978
676, 531
279
4,621
761,102
4,377
272
1,776
4,982
101
1,107
350
13,696
416
507
395
4,045
8,237
83, 766
609,816 2,200,905
34,048
136,292
218, 465
126,922
6,158
26,128
39, 791
69,617
15,418
17
211,684 1,061,781
Banks in
United
States
7,928,122
72,510
580,970
51,543
100,887
14, 242
20,673
6,185
75, 283
14,668
247,752
8,377
48, 352
21,833
3,157
47,867
50,366
62,915
12, 521
159, 574
8,437
States
and
Postal
savings political
subdivisions
863,652 18,262,890
36,867 1,934,181
47,629 2,732,616
19,651
191,604
6,413
745, 489
7,780
114, 558
1,954,163
547,466 13,692,934
49,991 1,274,796
132,205 3,004,940
367,267
12,996
656,863
23,056
311, 589
9,340
71,938
39,914
104,047
35, 938
87,154
106, 432
49,845
89, 652
141, 772
162,666
40,412
73,037
58, 974
U.S.
Government
657,201
25
5
17,825
675,051
00
to
Ohio
Indiana
Illinois
Michigan
Wisconsin. _
Minnesota
Iowa
Missouri
165
339
365
465
1,788
1,810
449
813
405
1,418
5,181
-
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
_
Oklahoma
Total Western States_
Total United States
(exclusive of possessions)
Total United States
and possessions
1
215,945
8, 562,275
3,798
1,633
218, 292
1,970
1,713
1,948
2,913
5,327
3,447
580
4,562
1,062
4,763
59, 711
60,843
48, 511
147, 272
63, 703
20, 214
107,846
22, 934
74, 503
28
8
1
332
17
51,640
4,820
76
587
362
110
10, 572
218
345
100
788,636
248
75,952
2,116,962
58,218
420, 566
70,635
7,730
3,595
107,877
2,867
9,613
1,503
4,560
165,409
77,386
2,117,869
69,240
178,915
35,002
107,231
5,664
2,587
78, 707
1,278
4,894
1,243
3,852
17,770
11,878
114, 759
13,003
53, 050
7,108
37,084
2,318
1,043
158,274
2,454
31, 532
251
365
762
102
17, 955
137, 745
2,751,052
98, 225
254,652
196, 237
20,045 1,833,183 44,612,212 1,667,564 4,106,125 4,415,161
1,082
8,298
33,684
50
45, 758
9,571
452, 427 1,233,852
36
5
1,431
Total possessions
92, 283
32
63,684
32, 899
7,089
15,051
962
6,292
3,234
1,788
2,600
11, 259
16,046
922
28,677
200
5,909
110
45,758
731
171
40
26
210
221
151
83
2,222
194
3,059
1,679
61,495
24,882
30,370
173,426
33,848
10,825
27,355
21,871
36,494
1,321
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii Puerto Rico
American Samoa
Virgin Islands of the
United States
998
52
87
2,396
23
10
25
207
124, 498
12, 995
179, 717
45, 251
27,374
3,634
19,417
375, 750
4,151
4,369
10,390
14,145
6,278
1,079
6,478
5,319
6,009
130
Total Pacific States..
475,001 11, 521,163
2,156,569
600,280
1,381,011
1,679,880
894,164
691, 945
523,650
634,776
450
1,108
2.417
45,810
15,337
39,789
43, 495
20, 396
10,140
21,774
19,204
154,896
173,934
133,490
204,395
77,155
77,853
160, 400
251,729
109, 704
35,417
97, 490
55,268
35,489
16,125
42,718
60, 216
163, 546
185, 423
347,665
554,466
217,077
60,047
261,000
84,867
242,871
42
35
47
2,423, 573
955,300
2,402,425
1,455,168
909,252
457,364
1,064, 775
1, 853, 306
7,197
6,078
12,260
20,335
5,965
1,398
10,915
3,084
8,720
47
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
94,413
32,184
81,903
78,067
42,111
23,801
39, 770
82, 752
19,767
8,223
4 729
83, 745
123, 751
301
6,090
9,578
5 343
13,816
10, 212
214
7,108
826
11
2 697
17,170
31,621
235
2,236
5,853
250
734
42
825
43,364
241, 250
45, 295
59,656
8,926
20,045 1,876,547 44,853, 462 1, 712, 859 4,165, 781 4, 424,087
16
55
9
1,055
2,428
22
10
10
5
26,315
605, 537
3,599
392
68, 730
147
382,946
79, 958
1, 935,813
38,043
177,302
16, 725
49,333
20
5
2,785
27
40
3,734
156,815
46
1,094
2,446
7
12
10
130
2,468
1,428
57,884
1,074
6,991
1,633
2,971
18,949
74, 449
2,680,120
2,824
714, 204 1, 472, 637 46,160,717
59, 655
9,799
1,933
6,318
94,095
79,959
446
8
17
175
3,757
12
650
600
39
3,100
5,558
43,154
656
52,074
170
19,123 1,122,545
287, 233
16
1,252
12
528
712
38
270
48
380
1,202
9,231
2
6
916
2,542
11,139
193,466
4,427
716, 746 1,483,776 46, 354,183
64, 082
805
3 300
1,066
5,600
450
165, 760
4,036
5,600
18, 467 1,070,471
287,063
680,651
58
170
87
Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
5
21
4
5
189
52
73
36
62
680, 651
TABLE N O . 41.—Assets and liabilities of active State commercial banks, Dec. 81, 1954 ]
ASSETS
[In thousands of dollars]
U.S.
ObligaGovern- tions
Loans
of
ment
and
disStates
Numobligacounts,
and
ber of including
tions,
banks
political
direct
oversubdidrafts
and guar- visions
anteed
Location
Maine
New Hampshire
VermontMassachusetts
Rhode Island.
Connecticut. _
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
131,287
52, 558
83,824
586, 679
143, 607
423, 208
104,828
37,502
39,221
535,116
128, 707
351, 375
12,318
4,367
8,874
83,177
17, 540
85, 651
213
1,421,163
1,196, 749
211, 927
88,257
17, 530
216
111
302
24
95
9,489, 373 7, 810, 396 1, 250, 381
952, 927 1,019, 539 263, 226
2,076, 766 1, 644, 844 407, 228
242, 809
216, 573
10, 715
389,434
489,075
49,175
200, 765
8,943
178,020
239,972
64, 902
169, 577
6,531
25,207
8,845
71, 873
10, 702
35,350
3,886
4,235
867
_
Total New England
States
..II."
Total Southern States.
Other
bonds,
notes,
and
debentures
InvestBalances
ments
with
Corpoand
other
other
rate
Real
Bank
assets
banks, in- premises
stocks,
estate indirectly
includ- Currency cluding
owned
owned,
reprereserve
ing
other
furnisenting
stocks of and coin
than
and
bank
Federal
and cash ture
bank
Reserve
items in fixtures premises premises
or other
banks
process of
real
collection
estate
5,966
5,017
3,263
47,925
10, 479
15,607
1,581
3,939
694
3,733
2,456
5,127
8,997
1,488
2,554
32,335
8,164
24,919
40,872
7,475
13, 414
279, 760
53,837
182, 478
3,444
776
942
17,105
3,884
14,340
130
78,457
577, 836
40,491
248
362
856
325
154
80
5
874
111
249
4,753
887
2,810
Total
assets
310,714
113,323
153,454
1, 591,859
369,974
1,105,650
850
1,791
239
9,684
3,644,974
164,554 5, 497, 856 151, 220
48,570
373, 773
32,603
87, 562
984, 622
51, 569
9,021
88,152
5,236
24,696
186,870 * 11,649
10,062
108,823
7,933
276
298
3,991
200
191
5,023
124
10,171
1,036
34
1,150
276,008
212
2,026
1
92, 598
10,160
18, 724
1,985
5,853
2,137
25,049, 530
2, 777,036
5, 492,430
586,145
1,186, 515
527, 545
278,343 131,457 35, 619, 201
515,034
126,913
344,465
7, 240,096
260, 210
4,956
17,538
184
108
178
125
302
150
163
172
132
467
178
282
222
462,161
174, 421
647, 773
96,412
418, 958
301, 794
144, 210
239,477
230, 423
725, 260
148,092
466, 396
305, 728
372, 678
219,001
550, 277
115, 202
329, 770
443, 232
136, 950
209, 843
243, 917
526, 992
161,966
441, 236
217,245
60,340
29,441
152,800
32,815
40,993
64, 531
35,105
103,970
96,301
111, 674
35,825
30,609
52,705
16,035
3,584
70, 583
9,210
5,053
3,308
5,300
3,291
2,329
28,056
4,003
14, 572
4,933
1,389
921
2,015
208
1,407
416
308
417
639
2,812
205
1,077
1,125
26,112
13, 277
49,286
11,218
24,802
25, 543
11,725
20,569
23,205
42,323
10,455
24, 702
19,727
257, 409
96,584
395,030
75, 796
242, 430
200,177
96,374
171,383
212,698
533, 636
133, 519
324, 663
163,444
14,310
4,295
15, 446
2,762
10,449
12, 706
3,145
6,492
5,331
21, 796
2,810
6,440
9,055
309
2,018
27
141
503
2,365
626
180
10
139
198
157
2
1,148
207
2
35
12
2,663
4,361,105
3,968,309
847,109
170, 257
12,939
302,944
2, 903,143
115,037
4,951
5,081
757 13,352,074 11, 358,447
Customers'
liability
Other
on acceptances assets
outstanding
29
130
103
621
508
143
322
97
7
440
33
~2,~3l6"
50
2,950
1,299
7,995
440
3,087
2,673
582
580
1,460
2,087
308
1,511
1,174
1, 215, 273
543,484
1,891, 516
344,176
1,078,149
1,055,119
433,999
758,662
817, 598
1,996, 861
497,210
1,311,430
775,707
25,359 12,719,184
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
398
346
521
351
459
501
560
523
1, 750, 733
545, 884
1, 247,121
1,231,979
721,308
435, 111
752, 986
1, 263,079
1,933, 737
835, 532
1, 953,051
1, 508,142
855,170
414,350
702,007
1,145,662
331,006
87, 672
362,357
329, 718
124, 910
64,748
136, 291
198, 692
81, 692
21, 252
157,920
32,847
27, 441
31,813
16, 569
58,833
6,330
1,218
8,656
3,913
1,144
183
895
17,204
84, 255
37, 729
46, 675
62,663
36,829
19,120
31, 876
43,205
875, 987
320,036
810, 474
589,295
318, 910
164,156
327, 898
732,109
28, 260
10, 759
18,801
34, 535
13,387
6,417
7,948
17,976
134
93
892
254
253
149
23
425
10,969
641
5,641
220
1,227
241
1,389
398
1
52
1,296
96
30
22
3,659
7,948,201
9,347,651 1,635,394
428,367
39, 543
362,352
4,138,865
138,083
2,223
20,726
2,013
116
135
296
432
71
28
84
26
187
98,627
100,321
162, 384
368, 443
106,185
28, 298
186, 663
45,146
162,813
188,148
135,629
198,625
292, 502
149,034
39,858
160, 797
51,314
113, 778
28,140
12,478
21, 646
106, 8C0
18, 513
4,862
17,333
4,237
29,202
11,053
1,523
3,574
3,013
8,979
665
1,034
33
2,712
17
109
185
308
305
71
398
55
71
4,091
4,166
6,092
13, 259
4,762
1,501
7,068
4,451
7,857
44,856
52, 381
90,314
193, 277
71, 638
25, 763
106, 563
40,970
85, 340
739
1,059
1,712
3,925
1,033
665
2,703
1,213
1,754
1
7
38
61
28
11
208
112
20
1,375
1, 258, 880
1, 329, 685
243,301
32, 586
1,519
53, 247
711,102
14, 803
75
34
98
27
45
3
10
127,010
55,102
1, 941,812
56, 667
187,938
30,066
65, 915
100,084
59, 677
1,813,464
41, 861
160, 512
23,927
90,302
24, 896
13,124
276,117
8,158
26, 046
1,126
14,013
6,635
217
89, 553
20
2,267
250
6,774
232
59
6,228
78
479
46
80
6,062
3,309
39, 209
2,299
5,310
1,973
5,141
58,384
28,003
780,758
24, 575
101,395
11,439
32, 984
3,015
1,805
45, 551
910
3,080
733
3,035
292
2, 464, 510
2, 289,827
363,480
105, 716
7,202
63,303
1,037, 538
205, 646 1, 204, 768 16, 608, 580
.
_
_ _
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 _ . _
8,959 30,805,933 29, 490,668 5,290, 879 1,340,217
12
(2)
(3)
9
10
1
13,882
1,240
5,584
109, 229
194, 439
87
19,351
1,735
70,943
66,709
866
1
1,335
790
33
325, 796
160,394
486
474
4,388
3, 650,471
30
18
100
67
70
2
579
165
8
688
7
1,255
416
249
17,321
90
304
178
960
326,929
161, 571
5,016,359
134, 732
488, 656
69, 740
219, 882
58,129
866
2,222
19, 518
6, 417, 869
626,753
14,332
47, 832
591
31
54
4,328
5,132
2
60
194
377
35
43,939
14, 808
1,291
37,151
72,017
10,173
618
339
206,937 1, 241,919 16,680, 597
636,926
14,950
48,171
8,992 31,131,729 29,651,062 5,334,818 1,355,025
6,051
1,599
14
34, 024
29, 570
382
5,558
99
1,111
» Includes stock savings banks.
2
4 branches of 2 national banks in New York.
3 Branch of a national bank in California.
< Asset and liability items include data for branches of 2 national banks in New York.
2
38
128
59
247
3,651
8,614
180
52,084 24,115, 502
375,891
307, 798
485,103
982,361
360,915
101, 721
484, 779
147, 765
404,138
11, 715
31,028
2,543
5,116, 796
1, 863,136
4, 628,046
3,801,003
2,104,176
1,138,420
1, 979,105
3,484, 820
219
125
533
436
438
25
1,974
106
532
2,373
3,330
1,695
8,961
20, 548
50
1,196
516
13, 692
2,268
15,162
7,341
3,567
2,110
1,223
6,721
5,558
289,103 242,490 86,167,201
61
329
168
339
101
2,015
2,116
93
13,114
19,117
1,072
11,327
16
46,320
21,049
26, 525
245,803
369, 550
1,403
40
2,771
44,779
713,421
291,219 287,269 86,880,622
TABLE NO. 41.—Assets and liabilities of active State commercial banks, Dec. 31, 1954—Continued
LIABILITIES
[In thousands of dollars]
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York....
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Demand
deposits
146,641
20,002
42,352
1,172, 899
229, 769
728, 744
2, 340,407
18,425,400
1, 523,364
3,495,611
433,446
791,218
342,371
Time deposits
9, 046, 785
Acceptances executed by
or for account of reporting
banks and
outstanding
Other liabilities
2,337
834
603
21,192
5,497
12, 417
Capital
stock i
9,510
2,070
5,029
40, 424
6,775
27,835
Surplus
9,075
5,374
5,065
64,479
15,934
40,216
Reserves
and retirement account for
Undivided preferred
profits
stock and
capital
notes and
debentures
7,510
4,459
3,540
27,905
6,258
14,129
973
408
840
5,957
305
2,093
134,668
80,176
96,025
258,819
105,356
279,636
281,309
100,178
138,377
1,431, 718
335,125
1,008,380
954,680
3, 295,087
605
239
42,880
91, 643
140,143
63,801
10,576
3,966, 580 22,391,980
1,034, 202 2, 557, 566
1,431,492 4,927,103
90,247
297, 557 1,088,775
482,991
140,620
1,615
531
125
290, 570
212
2,040
1
275, 212
26,135
56,147
7,455
11, 775
6,490
587, 951
59,612
132, 565
12,996
23, 576
9,340
1,053,172
90,354
278, 494
33,106
43,763
19,685
420, 547
33, 585
82,479
8,587
14,125
6,385
28, 483
9,041
13,477
307
4,405
2,654
292,919
383,214
826,040
1,518, 574
565, 708
58,367
12,804
3,946
37, 769
1,201
14,540
5,893
1,828
3,118
3,563
10,373
612
9,174
8,466
29,442
14,670
24,943
11,357
26,120
25,426
10,963
14,036
18,040
45,895
11, 438
26,124
20,628
41,292
25,664
80,883
11,820
33,343
26,120
13,824
36,178
20,019
43,817
13,472
48,840
20,669
15,867
11,205
19,189
4,822
19,929
10,069
9,998
1,718
8,607
27,984
12, 524
20,870
15, 949
2,772
2,706
7,375
853
8,932
2,242
751
778
2,105
7,469
2,013
2,268
2,172
113, 287
279,082
415, 941
178, 731
42,436
25,011,410
707,818
337,329
1, 320,829
259,602
730,933
732,043
289, 768
586,004
609,586
1, 602, 550
387,397
1,022,024
460,902
Bills payable, redisand
Total de- counts,
other liaposits
bilities for
borrowed
money
30
"575"
31,972,108
2,271
405,078
145,158
400,266
53,021
243,454
253,242
106,867
114,314
155,628
258, 773
69, 754
182,065
245, 710
1,112,896
482,487
1, 721,095
312,623
974,387
985,285
396,635
700,318
765,214
1,861,323
457,151
1,204,089
706,612
200
2,800
261
1,500
458
51
2, 633,330
11, 680,115
6,625
200
154
80
5
440
33
2,316
50
1,155
2,967
O
o
O
d
w
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
--
--
2,830,874
1,182,812
2,855,970
1,805,107
1,069, 591
564, 791
1,299,610
2, 562,622
_ _~,
_
-
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 posses
sions)
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
i Includes capital notes and debentures.
1,909, 730 4, 740,604
551,385 1, 734,197
1,444,822 4,300, 792
1, 715, 202 3, 520, 309
1, 952,207
882,616
485, 704 1,050,495
523,194 1,822.804
641,420 3,204,042
1
52
1,296
96
30
22
94,893
32,448
81,903
79,835
44,386
23,801
40,383
83, 606
172,677
48,003
104,872
94, 478
59,631
30, 792
57, 979
91, 559
59, 739
33,152
63,502
52,850
35, 482
21, 747
47,789
66, 649
3,546
2,629
40,718
13,432
4,240
7,791
6,882
7,497
48
569
45,166
12,655
34,063
40,003
8,200
3,772
3,268
30,850
14,171,377
8,154,073
22,325, 450
1,118
2,066
177, 977
481,255
659, 991
380,910
86, 735
234,139
218, 410
393,938
758,623
276, 696
73,453
328,072
113,319
296,046
111, 380
65,678
48, 614
147, 906
64,134
20,338
119, 478
25, 912
74, 965
345, 519
284,088
442, 552
906, 529
340,830
93, 791
447, 550
139,231
371, Oil
150
768
646
273
1,419
1,920
1,556
292
5,434
455
2,034
7,197
6,125
12, 302
20,370
5.965
1,528
10, 915
3,120
8,725
9,082
7,234
15, 588
29,116
7,395
3,278
11, 240
2,550
10,105
8,540
8,631
10,781
22,808
4,656
2,471
7,457
1,031
10,844
4,757
1,447
1,866
1,219
604
361
1,606
1,378
651
2,692, 696
678, 405
3, 371,101
2,489
14, 029
76, 247
95,588
77,128
13,889
194, 353
94,420
2, 545, 448
87,049
275,382
45, 237
151,633
106, 207
56, 780
2,103,486
38,043
178,574
20,037
50, 415
300, 560
151, 200
4, 648,934
125,092
453,956
65,274
202,048
2,134
840
56,145
1,196
4,072
796
3,149
7,730
3,595
109,198
2,867
9,723
1,503
4,560
9,967
4,036
134,112
3,733
13, 279
1.773
7,109
5,876
1,580
58,313
1,468
7,173
377
2,296
662
320
4,093
376
453
17
720
3,393, 522
2, 553, 542
5, 947,064
5,564
68,332
139,176
174,009
77,083
6,641
303, 755
799, 719
1,893, 443
101
2,015
194
4
189
2,308
13,398
4
35
56, 656,197 21,934, 728 78, 590,925
32,985
19,112
13,161
118,697
181,380
790
1,607
9,949
1,933
13,175
100, 265
123, 972
446
807
42,934
21,045
26,336
218,962
305,352
1,236
2,414
170
900
595
399
577
5,564
13,108
83
1,755
1, 343,361
218,644
1,057
1,100
758
277
8,298
33,684
50
250
9,112
10,112
65
50
3,725
1,590
48
22
3,214
1,644
367,732
250,547
618,279
1,838
2,116
16,132
43,339
57,023,929
22,185,275
79,209, 204
14,946
305,871
815,851
1,936, 782
(See classification on pp. 190 and 191.)
3, 004, 246
20,439
3,024,685
6,143
1,349, 504
S
I
o
5,135
223, 779
a
TABLE N O .
41.—
and liabilities of active State commercial banks, Dec. 31, 1954—Continued
[In thousands of dollars]
Loans and discounts
Commercial
and
industrial
loans
(including
openmarket
paper)
Location
36,616
4,282
250, 293
57, 428
117,362
Maine
New Hampshire.
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States
England
New York.
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
474,970
Loans to
farmers
directlyguaranteed
Other
by the loans to
Comfarmers
modity
Credit
Corporation
192
80
Real-estate loans
Other
loans for
the purLoans to pose of Secured Secured
by
brokers purchasby
ing or
residen- Secured
and
farm
tial
dealers carrying
land
other
in secu- stocks, (including proper- by
properbonds,
ties
rities
ties
imand
(other
proveother
than
securities ments)
farm)
645"
5,430
386
5,478
2,364
207
4,496
5,403
530
3,105
1,707
18,361
790
423
760
22
613
20,195
2,984
6,592
3,866
1,354
6,827
1,176
372
2,685
35,969
33,038
38,399
99, 296
28, 363
131, 545
14, 581
7,202
9,771
44,803
18, 574
26,504
5,889
12,145
163, 733
32, 554
130,361
375
378, 284
1,187
21,126
1, 440, 587
1,879
51
972
8,577
2,370
5,575
131, 287
52,558
83,824
586, 679
143,607
423, 208
19,424
1,421,163
31,166
16, 280
366,610
121,435
17, 536
2,040
15, 551
6,697
12, 071
53
881,078
402, 563
451,133
73, 667
122, 336
46,369
209,809 1, 205, 632 123,071
249, 751
74,031
125, 869 640,145
28
66, 457
13, 329
27,077 112, 896 "I," 300
63, 015
11,832
352, 604 9, 653,346
15, 093
975,125
63, 274 2,115, 742
2,044
244, 335
394, 751
8,011
201, 539
11, 298
163, 973 9,489,373
22,198
952,927
38,976 2,076, 766
242,809
1,526
389,434
5,317
200, 765
774
55,369 1,375,808
474,680
53,948 1, 977,146
461,947 2,337, 896 124,399
452, 324 13, 584,838
232, 764 13, 352,074
155,174
98,015
25, 269
244, 238
16,160
121,070
87, 598
27, 531
82,135
57, 504
213,851
23, 222
130,430
54,575
3,944
1,075
6,031
4,990
17,059
490
5,863
26,796
8,206
93,761
30,898
3,929
9,890
15,414
3,715
19,342
6,805
23, 279
11,951
16,897
19, 475
12,148
78,468
21, 593
31, 589
23,889
1,893
264
3,612
8
2,454
220
169
618
335
236
358
904
490
1,875
4,846
12, 654
1,826
8,749
5,248
1,781
6,133
1,204
13,626
1,789
15, 615
1,616
6,364
24, 754
9,036
12, 607
17, 458
13,656
10,073
10,149
41, 613
29,307
114,039
60, 050
73, 275
21, 759
88,971
57,082
27, 735
23,184
43, 700
55,328
19,317
78,682
53,129
Total Southern States.. 1,181,598
212,932
284,565
11,561
76,962
228,344
716, 251
133,166
52,609
84, 796
595, 256
145, 977
428, 783
Net
loans
380, 935
8,809
68, 259
2,257
13, 908
512
6,116,147
Total Eastern States
773
1,688
356
2,574
6,430
4,965
5,113
Less
valuation reserves
9,461
147, 929
2,095
2,489
1,718
443
500
Virginia
West V i r g i n i a North CarolinaSouth Carolina..
Georgia
Florida.
Alabama
Mississippi
Louisiana—
Texas
Arkansas
Kentucky
Tennessee
39
Total
gross
loans
32, 562 1,303,107
2,117
10,170
11,129
50,389
3,205
2,496
5,000
7,014
3,937
51
4,999,083
208,456
687,476
72,465
84,695
63,972
-
All
other
Other
loans
loans to toLoans
banks (includindividing overuals
drafts)
18, 729
6,560
28,125
15, 909
42, 507
5,890
22,196
26,005
8,587
12, 229
21,842
25, 590
7,117
24,887
15, 285
176, 254
53, 624
215,469
32, 606
109,985
101,174
43,803
52, 491
69, 470
231, 225
32,487
129, 685
114,016
256,169 1,362,289
304
523
189
267
15
1,
8,330
5,026
14,195
1,254
4,816
5,778
1,152
3,412
6,576
7,923
2,239
15, 475
83,145
466, 922
176,338
659,884
97,662
423, 522
304,849
146,125
243,946
234, 641
730,081
149,169
472,809
309,166
4,415,114
4,761
1,917
12, 111
1,250
4,564
3,055
1,915
4,469
4,218
4,821
1,077
6,413
3,438
462,161
174,421
647, 773
96, 412
418,958
301, 794
144, 210
239,477
230, 423
725, 260
148,092
466,396
305, 728
54,009
4, 361,105
co
©
c&
S
i,
01
546,992
183, 358
227,873
477, 644
239,105
118, 579
137,007
321, 445
109,981
29, 491
45, 443
85, 066
64, 686
22, 598
32, 051
81, 277
398, 584
134, 372
241, 517
342,867
116, 461
75, 642
116,104
292, 642
470, 593 1, 718,189
59
30
100
48, 575
4,835
32, 073
11,047
12,476
3,274
6,593
25, 979
1, 777, 335
553, 657
1, 263, 532
1, 243, 854
733,145
437, 913
759, 283
1, 278,172
26,602
7,773
16,411
11,875
11,837
2,802
6,297
15,093
1,750, 733
545,884
1, 247,121
1, 231,979
721,308
435, 111
752, 986
1, 263,079
204
144, 852
8,046, 891
98, 690
7, 948, 201
109
369
1,867
2,110
1,366
102
488
436
1,240
99 668
101, 608
164,878
370, 336
108, 325
28 460
188, 763
46,067
164,006
1 041
1,287
2,494
1,893
2,140
162
2,100
921
1,193
98 627
100, 321
162, 384
368, 443
106,185
28 298
186, 663
45,146
162,813
8,087
1, 272, 111
13, 231
1, 258,880
1,094
1,512
46,077
566
2,358
45
74
128, 032
55, 738
1,968,999
57,132
189, 535
30, 272
66, 555
1,022
636
27,187
465
1,597
206
640
127,010
55,102
1, 941, 812
56, 667
187, 938
30, 066
65,915
51, 726
2, 496, 263
31, 753
2, 464, 510
401,177
83, 647
424, 787
212,132
162, 314
43, 741
119, 449
367,800
29,166
16, 624
56, 620
9,462
3,452
35, 563
71, 261
42, 632
43, 293
59, 825
101, 679
57, 707
68,090
107, 789
218,368
89, 794
78, 234
533
59, 710
1,175
1,641
304
558
5,346
68,630
3,717
50,107
9,470
6,542
1,243
5,625
10, 945
1, 815, 047
264, 780
746, 545
147, 501
156, 279
37, 779
25, 596
33, 306
94,499
17,066
736
4,933
1,786
31, 267
28, 808
39, 736
72, 324
98, 487
24, 234
9,449
31, 665
8,134
30, 817
260
38
_ __
4,293
5,776
15, 001
47,884
16, 019
3 969
46, 677
12, 397
24, 468
115
142
702
1,619
838
91
2,078
197
671
4 600
2,847
6,268
14, 339
1,816
883
1,967
1,224
3,611
11 584
14,868
11, 565
43,826
21, 302
6 362
30, 333
6,027
10,304
1 221
2,605
2,907
9,545
4,158
2 209
7,369
2,384
3,824
11 159
9,669
20, 938
57, 718
21, 488
4 659
62, 588
13, 482
57,804
Total Western S t a t e s -
176, 484
246,968
343, 654
863
6,453
37, 555
156,171
36, 222
259, 505
29,418
11,719
503, 519
10, 269
48, 243
6,612
17,035
16,155
2,082
14,977
6,234
2,083
350
2,140
8,002
3,905
42, 553
13, 922
22,016
2,576
4,603
11
19, 479
6
151
648
586
20, 443
806
1,806
6
436
4,645
2,167
30,876
1,237
5,862
107
987
32, 234
16,061
814,183
8,013
53,178
9,370
17,678
10, 072
3,514
151,006
2,103
18,090
2,839
3,836
25, 753
14,192
325, 649
13, 976
35, 748
8,373
19,760
626, 815
44, 021
97, 577
19, 653
24, 725
45,881
950, 717
191, 460
443, 451
237
925, 582 1, 546,071 1, 564, 847
770, 265
712, 906 6, 418,898 1, 537,826 6, 499, 614
127, 474
Ohio
-_
Indiana
Illinois
_•_.
Michigan
Wisconsin
Minnesota _
Iowa
Missouri
-_
_-.
Total Middle Western
States
NorthDakota
^ South Dakota
oo Nebraska
_
Kansas
Montana
_.
Wyoming
Colorado
__
New Mexico
Oklahoma--
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
__.
Total Pacific States
Total United States
(exclusive of possessions)
10, 391, 061
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii-,
Puerto Rico __ __
American Samoa
Virgin Islands of the
United States
Total possessions
...
3,362
1,132
2,160
25,059
101, 786
45
239
330, 898 2. 252, 003
45
4,948
2,214
349
12, 595
6,234
250
3,124
107
2 086
13, 798
36, 242
42
100
149
237
761, 260 31, 255,804
14,185
1,240
5 584
109,303
195,059
87
2
1,335
55, 751
224
14,964
326, 793
715, 760 6,483,829 1, 559,350 6, 555,365
127, 698
13, 447
284
3
2,806
305
132
352
18,476
13, 731
2,854
64,931
21, 524
783,996
49
224
18, 237
986
43, 979
14, 713
925,832 1, 564, 547 1, 564,847
15
3
1
3
422
14, 533
544
134,088
Total United States and
possessions
10, 525,149
250
565
52,688
37, 255
23, 723
37, 284
58,378
29,121
52, 237
40, 212
776, 224 31, 582, 597
449,871 30,805, 933
303
74
620
13,882
1,240
5 584
109, 229
194, 439
87
1,335
997
325,796
450,868 31,131, 729
and liabilities of active State commercial banks, Dec. 81, 1954—Continued
TABLE N O . 41.—
[In thousands of dollars]
Demand deposits
Capital
Capital
IndividU.S.
Prenotes
uals, partferred Common
and
nerships, Governstock
deben- stock
and corment
tures
porations
Location
100
Maine
New Hampshire. ._
Vermont
Massachusetts..
_. .
Rhode Island
Connecticut _.
710
800
Total New England
States
New York
New Jersey._
Pennsylvania
Delaware.
. _
Maryland
District of Columbia
1,610
42,431
1,775
520
Total Eastern States. 44,206
Virginia
. _
West Virginia
North Carolina
South Carolina.
Georgia
Florida
Alabama
Mississippi _.
Louisiana
Texas.
Arkansas
Kentucky
Tennessee
1,129
7,846
360
50
__
32
-
Total Southern
States
5
9,855
982
30
33
9
599
17
50
87
1,720
9,410
2,070
4,319
39,624
6,775
27,835
116,184
15,405
33,558
977, 478
192,679
616,785
90,033
6,030
401
2,083
32,694
6,695
23,760
States
and
political
subdivisions
Banks
in
United
States
16,906
2,868
5,127
79,451
17,231
44,843
3,747
1,105
424
48,919
5,615
23,956
166,426
Time deposits
IndividBanks Certified
uals, partand
in
nerships,
foreign cashiers'
and corcountries checks,
porations
etc 1
556
406
16
3,774
223
1,160
33,801
7,143
19,384
131, 491
79,978
94,944
252, 761
104,301
279, 214
14
990
804
65,485
942,689
2,076
1,952,089
71,663
83,766
978
544,391 13,548,977
49,991 1,266,046
132,205 2,997,891
12,996
367,267
23,056
655,200
9,340
311, 589
578,434
51,376
100,642
14,242
20,636
6,185
609,564 2,185,252
135, 780
34,023
126, 451 218,465
26,128
6,158
69,617
39,491
17
15, 418
653,093
279
4,621
771,979 19,146,970
771,515
967, 557 2,498,807
660,175
966,386
142
10,976
14,404
19,690
1,322
7,287
7,587
1,409
3,071
7,799
18,483
2,638
9,635
3,129
107,430
28,460
14,620
24,913
11,357
26,088
25,393
10,954
13,437
18,023
45,890
11,438
26,074
20,628
535,025
256,055
908,171
206, 250
565,956
582,415
227,358
432,695
400,551
1,338,359
323,812
753,877
377,874
277,275
6,908,398
14,454
12,288
41,134
7,715
22,100
13,291
7,999
12,719
9,098
24,191
8,014
25,867
12,488
71, 938
39,914
104,047
35,938
87,154
106, 432
49, 845
89,652
141, 772
158, 972
-40,412
73,037
58,974
75,283
14,668
247, 752
8,377
48,352
21,833
3,157
47,867
50,366
62,232
12, 521
159, 574
8,437
211,358 1,058,087
760,419
800
1,382
35
84
485
313
34
1,093
States Banks Banks
U.S.
in
and
Gov- Postal political
in
ern- savings subdivi- United foreign
counment
States tries
sions
268
850,080 2, 762, 545 13,696
416
35,860 1,013,097
507
47, 541 1,340, 955
395
80,369
19,651
4,045
278,164
5,474
114, 558 8,237
7,780
76
150
45
271
323
19
5, 589, 688 27,296
342
367,099
143,687
333,721
49,015
235,126
210,369
104, 799
112,914
142, 523
231,423
68,115
169, 215
230,010
3,446
381
3,892
737
1,702
1,267
474
1,014
1,111
57
505
4,167
1,227
2,252
352
8,725
5
493
2,976
33
2,398,016
19,980
2,889
198
1,050
4,982
101
377
20
9,597
47
17
10
273,158 269, 780 647,401
25
20, 572
92
89,505
202
9,483
15,324
5
17,825
408,042 270,079 665, 251
696
39
1,870
2,060
980
1,433
280
383
18
467
5
62
31, 585
699
52,058
1,204
5,153
37,197
1,281
386
10,831
26, 845
587
8,651
13, 271
15,771
189,748
9,815
780
430
80
27
1,140
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
1
165
339
365
465
1,788
1,810
449
813
405
1,418
5,181
474,656 11, 477, 714
124, 498
12,969
179, 717
45,251
27,374
3,634
19, 417
375, 750
452, 287 1, 229, 761
788, 610
1,823, 287
550,033
1,381,011
1, 679, 692
875, 296
470,349
522,020
634, 776
998
52
87
2,396
23
10
25
207
731
171
40
26
210
221
151
83
84,664
32
63,684
32,899
7,035
15,051
962
6,292
50
1,097
2,417
43,906
15,056
39, 789
43, 494
20,396
9,815
21, 774
19, 204
9,571
213, 434
7,936, 464
3,798
1,633
210, 619
1,559
1,713
1,948
2,913
5,327
3,447
580
4,562
1,062
4,763
59, 711
60,843
48, 511
147, 272
63, 703
20, 214
107, 846
22,934
74, 503
28
8
1
7
5
21
4
5
332
17
51,640
4,820
76
587
362
110
10, 572
218
345
100
26,315
605, 537
3,599
392
68, 730
147
106,117
53,067
1, 935, 813
38,043
177,302
16, 725
49,333
20
5
2,785
27
40
3,713
156, 815
2,446
7
12
10
2,376, 400
2,824
690, 766 1, 453, 499 19,848,794
59, 573
2,222
194
3,059
1,679
36
5
4,151
4,369
10,390
14,145
6,278
1,079
6,478
5,319
6,009
61,495
24,882
30,370
173,426
33,848
10, 825
27,355
21, 871
36,494
3,234
1,788
2,600
11, 259
16,046
922
28,677
200
5,909
248
75,952
2,116,962
58, 218
420, 566
70, 635
7,730
3,595
107,877
2,867
9,613
1,503
4,560
165,409
77,386
2,117, 869
69,240
178,915
35,002
107, 231
5,626
2,583
78, 707
1,278
4,894
1,243
3,852
17, 770
11,878
114, 759
13,003
53,050
7,108
37,084
2,318
1,043
158,274
2,454
31,532
251
365
762
102
17,955
130
2,468
1,428
57,884
1,074
6,991
1,633
2,971
137, 745
2, 751,052
98,183
254, 652
196,237
18, 949
74,449
130
1,321
110
1,431
20,045 1, 827,640 44,353,185 1, 663, 224 4,097,049 4,398,474
6,040
9,578
5,343
13,816
10, 212
214
8,298
33,684
50
18,974
8,223
4,729
83,745
123, 751
301
250
734
42
825
240,457
45, 245
59,429
1,057
43,339
45, 758
152,955
172,056
133, 490
204,375
77,155
77,853
160,148
251, 729
109, 694
35,292
97,490
55, 267
35, 485
16,125
42, 718
60, 216
163, 546
185,423
347,665
554,466
217,077
60,047
261,000
84, 867
242,871
42
35
45, 758
2,397, 599
947, 245
2,402,425
1, 455,041
909,181
457,364
1,055, 553
1, 853,306
7,197
6,078
12, 260
20,335
5,965
1,398
10,915
3,084
8,720
47
47
94,363
32,109
81,903
78,047
42, 111
23, 801
39, 570
82, 752
6,881
2,697
17,170
31, 621
235
826
11
2,236
5,853
8,926
20,045 1,870,979 44, 593, 642 1, 708, 469 4,156, 478 4,407,400
1,252
12
528
712
38
264
48
380
1,202
9,231
2
6
720
2,542
11,133
9,749
1,933
6,318
94,095
79,959
446
16
55
9
1,055
2,428
5
25
450
16
58
165, 739
2,921
5,600
5,600
18,467 1,052, 475 284,568 670,851
17
175
600
39
3,100
5,558
43,154
193, 220
4,427
656
52, 074
693,308 1,464, 632 20,042,014
64,000
170
87
Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
22
10
10
805
3,300
1,066
3,757
12
650
8
189
52
73
36
62
170
19,123 1,104, 549 284,738 670,851
TABLE N O . 42.—Assets and liabilities of active mutual savings banks, Dec. 81, 1954
ASSETS
[In thousands of dollars]
CO
to
Location
Number of
banks
Maine . . .
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England
States
New York
New Jersey
Pennsylvania
Delaware
MarylandTotal Eastern States...
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western
States
Washington
Oregon
Total Pacific States
Total United States
(exclusive of possessions)
Virgin Islands of the United
States
Total United States
and possessions
U.S.
ObligaLoans
Govern- tions of
and dis- ment
obcounts, ligations, States
and
including direct
and political
overguaran- subdividrafts
sions
teed
108, 627
199,646
83,039
2, 319, 326
178,802
785, 979
137, 591
145,987
21, 341
1, 690,083
130,050
725,187
341 3, 675, 419
129 9, 673, 005
453,175
23
482, 452
7
23, 969
2
169, 564
8
169 10,802,165
199, 470
3
24, 861
4
6,716
4
112, 351
1
2,850, 239
4, 656, 372
307,983
348, 522
18, 537
226, 775
5, 558,189
132, 627
25,131
10, 005
60,040
12
4
1
343, 398
155, 993
20, 619
5
176, 612
227,803
103, 904
7,429
111, 333
527 14, 997, 594
8, 747, 564
32
34
7
188
8
72
528 14, 997, 594
45, 959
17,875
1,625
291, 376
45, 251
232, 229
16, 569
28,306
1,453
211, 651
18, 985
75, 269
1,951
1,177
714
19, 209
2,685
10, 784
13,942
13,984
3,739
89, 239
8,051
48,685
634, 315
80,041
371, 280 1, 367, 345
176,856
28,136
534,173
69, 259
59,101
15, 819
76,997
4,907
489, 401 2, 214, 472
1,224
32, 208
1,986
2,738
1,336
434
23, 474
38,055
352, 233
36, 520
71,304
5,930
6,027
165
1,771
10,144
3,470
458
37, 667
3,150
25,152
28, 020
1,973
75
2,048
8, 747, 564
191, 710
10,191
10, 910
5,843
218, 654
119
22
46
1,453
2,410
962
22, 417
2,100
9,939
411
313
99
1,164
3
562
177, 640
39, 281
100,040
8,130
9,357
419
2,729
2,552
1,251
93
85,197
588,091
37, 707
29, 749
5,013
14, 296
674,856
8,658
372
229
476
20, 446
3,821
1,831
5,578
31, 676
8,140
1,089
1,566
80
9,229
2,818
1,057
70
1,127
163, 901
4,206
266
30,129
266
9,735
983
110
1,093
599, 510 2, 952,351
571,340
132, 545
893, 401
9
43
132, 554
893, 444
187
6
599, 693 2,952,357
571, 340
157
65
120, 675
2,294
156
68
300
73,435
30,129
183
1
InvestBalances
ments
with
and
other
Corporate
other
Real
banks
Other
Bank
stocks,
estate assets inincluding premises owned
bonds, including
directly
notes, stocks of Currency reserve
owned,
other
repreand
and coin balances furniture
than
Federal
senting
and cash
deben- Reserve
and
bank
bank
items in fixtures premises
tures
banks
premises
process
or other
of collecreal
tion
estate
80
8
8
Customers' liability on Other
accept- assets
ances outstanding
177
194
115
8,754
357
16,280
4,206
336,824
413, 362
113, 545
4, 690,886
389,434
1,930,066
25, 877 7,874,117
144, 587 17,164, 985
5,556 1,033, 757
7,671 1, 498,120
3
129,026
27,128
524, 232
184, 945 20, 350,120
398, 932
1,886
8
59,095
7
20, 672
27
240, 381
1,928
762
136
898
719,080
303, 207
29, 536
332, 743
213, 648 29, 276,060
18
163, 901
Total
assets
259
213, 666 29, 276,319
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Maine
New Hampshire
Vermont..
Massachusetts
Rhode Island
Connecticut
17
662
317
128
890
Total New England States
New York
New Jersey
PennsylvaniaDelaware
Maryland
_
..
__
Total Eastern States
Ohio
Indiana
Wisconsin
Minnesota
_
___
__
Total Middle Western States
Washington
Oregon.
Total Pacific States
_
Total United States (exclusive of
possessions)
Total United States and possessions. _.
Includes guaranty fund.
294, 296
360, 701
102, 031
4,159, 081
352, 051
1, 720, 606
Total
deposits
294,313
360,701
102, 693
4,159, 398
352,179
1, 721, 496
50
Acceptances
executed
by or for
account of
reporting
banks and
outstanding
Other liabilities
1,271
3,211
539
33, 701
2,425
10, 534
Surplus i
22, 585
26, 984
2,560
280, 202
31, 427
122, 793
Undivided
profits
17,819
19, 427
3,547
214,230
3,338
69,000
Reserves
and retirement account for
capital
notes and
debentures
2,014
6, 988, 766
6, 990, 780
51,681
486, 551
327,361
17, 694
15,498, 312
937, 974
1, 380, 231
111, 320
470, 264
140, 992
8,074
7,855
74
4,599
1,135, 919
79,064
101, 664
17,145
19,600
303,360
356
4,570
186
29, 769
86,402
8 289
3,800
301
2,939
15,493, 563
927, 513
1,379, 986
111, 320
467, 325
18, 394
18,379, 707
18, 398,101
161, 594
1,353, 392
338, 241
98, 792
28,876
4,469
75
325
341, 200
49,587
18, 922
221, 596
370, 076
54,056
18,997
221, 921
5,675
107
91
409
22, 225
3,770
1,396
15,000
432
663
180
1,286
524
499
8
1,765
33, 745
631, 305
665, 050
6,282
42, 391
2,561
2,796
38
4
276,850
28,006
276,888
28,010
3,598
351
16, 750
621
3,284
554
2,687
42
304, 856
304,898
3,949
17, 371
3,838
2,687
54,195
26, 304, 634
26, 358,829
223, 506
1,899, 705
672, 001
121, 969
196
196
26, 304, 830
26, 359, 025
54,195
50
50
223, 511
o
58
5
50
S
836
2,989
4,206
3,355
65
6,243
4,749
10, 461
245
Virgin Islands of the United States
1
Time
deposits
Bills payable, rediscounts,
and other
liabilities
for borrowed
money
1, 899, 705
672, 059
121, 969
CO
CO
TABLE NO. 42.—Assets and liabilities of active mutual savings banks, Dec. 81, 1954—rContinued
[In thousands of dollars]
CO
Loans and discounts
Commer
cial 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
Total Eastern States
Ohio
. .
Indiana
Wisconsin
Minnesota
Total Middle Western
States-.
Loans to
farmers
directly
Loans to
guaranOther
brokers
teed by loans
to
and
the Commodity farmers dealers in
securities
Credit
Corporation
Other
loans for
the purpose of
purchasing or
carrying
stocks,
bonds,
and other
securities
1,094
3,631
760
505
781
490
34
34
1,453
36
41
47
1,064
917
760
1,010
7,261
1,557
3,839
1
1,050
35
10
22
Real-estate loans
Secured
by residential
properties
(other
than
farm)
Secured
by other
properties
88,219
1,128
156,697
1,301
65,330
6,206
6,267 2,017,880
194 166,319
732,125
4,606
15,857
33,860
5,749
268,749
6,063
43,066
19, 702 3, 226, 570
Secured
by farm
land (including
improvements)
Other
loans to
individuals
All other
(inLoans loans
cluding
to
overbanks drafts)
2,264
3,632
2,561
35,236
7,674
9,617
430
724
326
781
20
105
109,067
199,926
83,449
2,330,335
181,811
791,055
2,386
Total
gross
loans
108,627
440
280
199,646
410
83,039
11,009 2,319,326
3,009
178,802
5,076
785,979
373, 344
60,984
25,448
1,573
653
35
12,208
11, 742 9,586,956 1, 327,076
39,917
414
1,953
414
8,279
17,641
234
47
140
15,017
203, 419
25,082
6,717
115,107
3,949
221
1
2,756
199,470
24,861
6,716
112,351
18,062
563~
103
15,017
350,325
6,927
343,398
156,110
20, 619
117
155, 993
20,619
117
176,612
9,148
285
613
745
951
3,695,643
20,224 3,675,419
964~ 9,833,579
456,144
72
483,765
23,974
449
170, 832
160,574 9,673,005
2,969 453,175
1,313
482, 452
5
23,969
1,268
169, 564
1,485 10,968, 294
166,129 10,802,165
1
22
30,504
1
75
1,152
113
4,501
2,316
69
17,408
134,189
20,391
6,187
89, 280
30,504
76
1,265
24,294
250, 047
11,060
300
129, 792
17, 572
25, 455
2,944
300
147, 364
28,399
666
176, 729
Total Pacific States
Net
loans
8, 556, 532 1, 241,486
42, 730
411,462
28,086
453,363
138
23,021
14,636
142, 578
1,095
Washington
Oregon
Less
valuation
reserves
Total United States
(exclusive of possessions)
38,860
1,634
5,126
56,038 13,210,937 1,739,879
119,629
18,888 15,190,991
193,397 14,997,594
Virgin Islands of the United
States
Total United States
and possessions
38,860
1,634
5,126
56,038 13,210,937 1, 739,879
119, 629
18,888 15,190. 991
193,397
4,997,594
TABLE NO. 42.—Assets and liabilities of active mutual savings banks, Dec. 81, 1954—Continued
[In thousands of dollars]
Time deposits
Demand deposits
Individuals, partnerships,
and corporations
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
581
21
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
Total Eastern States..
Ohio
Indiana
Wisconsin
Minnesota
_ _
_
Total Middle Western States
17
292, 726
360 627
101, 290
4,159, 081
352, 051
1, 719,191
82
82
16
317
12
502
55
10
1
115
367
6, 984, 966
602
847
56
2,017
8,750
2,530
167
245
1
512
201
1,007
1,663
37
12,430
2,979
513
25,081
2,790
71
10
121
4
1,881
1,269
27,942
135
3,150
Total Pacific States
Total United States and possessions..
Individuals, partnerships,
and corporations
509
Washington
Oregon . _
Total United States (exclusive of
possessions)
Virgin Islands of the United States
Certified
States
U.S.
Banks in Banks in
and
and
foreign cashiers'
Govern- political United
States countries checks,
ment
subdivietc. 1
sions
U.S.
Government
Postal
savings
1, 488
74
726
15
730
685
3,018
700
1
6,255
43
85
45
174
300
939
15, 493, 517
921,084
1, 379, 943
111 235
467, 325
325
2,147
18, 373,104
6,384
219
400
11
325
333,181
49, 576
18 868
221, 596
7,619
26
1,904
263
2,492
25
54
623, 221
7,673
411
38
4
276,829
26, 891
21
21
1,094
42
303, 720
21
1,115
26
40, 974
4,003
3,719
351
5,148
26,285, 011
196
82
17,096
2,445
40, 974
4,003
3,719
351
5,148
26,285, 207
82
17, 096
2,445
i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
States
and
Banks in Banks in
political United
foreign
subdivi- States countries
sions
CO
TABLE N O . 43.—Assets and liabilities of active private banks, Dec. 81, 1954
CO
ASSETS
[In thousands of dollars]
U.S.
Location
Number of
banks
Loans and
discounts,
including
overdrafts
Government obligations,
direct and
guaranteed
Obligations of
States and
political
subdivisions
Other
bonds,
notes,
and
debentures
Corporate
stocks
Currency
and
coin
Balances
with other
banks, including
reserve
balances
and cash
items in
process of
collection
Bank
Real
prem- estate
ises
owned
owned, other
furnithan
ture
bank
and fix- premtures
ises
Investments and
other assets Customers' liaindirectly bility
on Other
represent- accepting bank ances out- assets
premises standing
or other
real estate
g
Total
assets
Connecticut
2
853
727
53
27
113
250
122
17
3
2,165
New York
Pennsylvania
3
7
68,576
5,714
59, 786
9,604
53,567
1,237
4
304
8,164
54
347
749
54,008
3,415
42
178
23
36
13,816
3,853
262,186
21,291
Total Eastern States
10
74,290
69,390
54,804
308
8,218
1,096
57, 423
220
59
13,816
3,853
283,477
Georgia
Texas
Total Southern States...
32
12
3,266
15, 679
538
18, 731
8,030
43
1,764
6
145
383
1,512
2,416
16, 336
120
691
31
222
54
33
6,857
63,143
44
18,945
19,269
8,030
1,807
151
1,895
18, 752
811
253
87
70,000
2
5
1
7
167
1,543
50
5,073
560
4,080
154
3,975
105
306
8
400
5
4
9
34
126
14
166
319
1,072
147
2,030
3
18
53
1,193
7,149
382
11,697
15
6,833
8,769
819
18
340
3,568
74
20, 421
71
1
100, 921
350
98,155
284
63, 653
2,186
92
8,396
3,444
40
79,993
356
1,227
8
329
53
13,816
3,943
376, 063
1,183
72
101, 271
98,439
63,653
2,278
8,396
3,484
80,349
1,235
382
13,816
3,943
377, 246
Ohio
Indiana
Michigan
Iowa
Total Middle Western
States
Total United States
(exclusive of possessions)
_,
Alaska
Total United States and
possessions
O
O
3o
F
o
i
TABLE N O . 43.—Assets and liabilities of active private banks, Dec. 31, 1954—Continued
LIABILITIES
[In thousands of dollars]
s
T
g
Demand
deposits
Location
Connecticut
-
New York
__
Pennsylvania
Total Eastern States
_ _- __
Georgia
Texas
Total Southern States
Ohio
Indiana
Michigan
Iowa
Total Middle Western States
Total United States (exclusive of
Alaska
Total United States and possessions.
Time
deposits
Total
deposits
Bills payable, Acceptances
rediscounts, executed by or
and other lia- for account of
Other
bilities for reporting banks liabilities
borrowed
and outstandmoney
ing
Capital
stock
Surplus
Undivided
profits
Reserves
1,477
467
1,944
1
25
195
194,659
7,608
16,678
12,044
211,337
19,652
6,818
16,122
6,400
12
3,075
13, 747
1,580
120
4,567
47
202, 267
28,722
230,989
6,818
16,122
6,412
3,075
15, 327
120
4,614
5,309
51,986
144
5,739
5,453
57,725
3
23
29
677
1,421
494
3,157
139
371
68
440
57,295
5,883
63,178
3
52
2,098
3,651
510
508
953
5,896
149
9,474
101
671
188
1,630
1,054
6,567
337
11,104
16
4
50
75
20
200
56
319
16
179
33
149
1
155
23
4
59
W
16,472
2,590
19,062
20
345
570
338
86
o
277,511
1,076
37,662
50
315,173
1,126
6,821
16,122
6,485
5,543
25
19, 743
25
968
7
5,208
278, 587
37, 712
316, 299
6,821
16,122
6,485
5,568
19,768
975
5,208
o
o
O
CO
^1
TABLE NO.
and liabilities of active private banks, Dec. 31, 1954—Continued
43.—.
CO
[In thousands of dollars]
00
Loans and discounts
Commercial and
industrial
loans (including
openmarket
paper)
Location
Connecticut
Georgia
Texas
Total Southern States. _.
-
-
-.
Total Middle Western
States
Total United States (exclusive of possessions)Alaska
Total United States and
possessions
42,961
516~
4,455
4,971
8,720
14,564
3
8,720
14, 567
Real-estate loans
Other
Secured Secured
resiloans to
by farm by
dential
Secured
individland (in- properties by other
uals
cluding
properties
improve- (other
than
ments)
farm)
3
265
126
148
1,911
45
26~
191
126
2,059
217
744
398
1,835
376
319
835
1,381
158
607
946
5,910
13
13
All other
Loans loans (into
cluding
banks
overdrafts)
744
2,233
695
2,216
765
6,856
26
201
48
8
315
10
54
394
55
540
8
439
9
103
353
11
359
6
3,089
89
56
233
36
335
580
363
3,465
8
458
1,042
201
660
48,710
95
1,107
5,720
8,720
14,575
1,282
5,582
123
1,228
55
8,800
87
48,805
1,107
5,724
8,720
14,575
1,282
5,705
1,283
8,887
Total
gross
loans
Less
valuation
reserves
Net
loans
12
853
84
3,680
1,189
68,865
5,714
289
68,576
5,714
84
4,869
74,579
289
74,290
37
428
465
3,266
15,679
3,266
15,679
18, 945
18,945
321
376
587
963
41,267
1,694
Total Eastern States
Other
loans
for the
purpose
of purchasing
or carrying
bonds,
stocks,
and
other
securities
9
198
New York
Pennsylvania
Ohio
Indiana
Michigan
Iowa
Loans to
farmers
directly
to
guaran- Other Loans
brokers
teed by
to
and
the Com- loans
dealers in
modity farmers securities
Credit
Corporation
853
19
59
167
1,562
50
5,073
167
1,543
50
5,073
75
6,852
19
6,833
84
5,421
101,229
364
308
14
100,921
350
84
5,421
101, 593
322
101,271
16
TABLE NO. 43.—Assets and liabilities of active private banks, Dec. 31, 1954—Continued
[In thousands of dollars]
Time deposits
Demand deposits
IndividuStates
als, partBanks in Banks in
U.S.
and
nerships, Govern- political United
foreign
and corpoStates countries
ment
subrations
divisions
Location
1,472
Connecticut
New York
Pennsylvania..
_.
_.
Total Eastern States.
Georgia
Texas
- .
.
Total Southern States
.
Ohio
Indiana
Michigan
Iowa
Total Middle Western States
Total United States (exclusive of possessions)
Alaska
Total United States and possessions
1
141,940
7,049
6
251
471
15,653
23,438
148,989
6
722
15,653
23.438
Certified
and
cashiers'
checks,
etc 1
IndividuStates
als, partand
U. S. Postal
Banks in Banks in
nerships, Govern- savpolitical United
foreign
and corpo- ment
ings
subStates countries
rations
divisions
5
467
13,371
88
13,459
6,828
11,718
326
18,546
326
144
5,165
574
574
5,298
46,787
326
3,694
683
11
496
52,085
683
9,800
3
50
9,800
o
o
g
326
3,694
507
5,309
893
5,265
127
9,222
4
1
60
609
20
252
18
1
101
671
188
1,630
15,507
5
941
19
2,590
218,053
793
337
50
5,357
227
16,336
23,438
13,990
6
26,912
50
900
50
9,800
218,846
387
5,584
16, 336
23,438
13,996
26,962
900
50
9,800
Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
50
O
I
co
200
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 44.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec. SI, 1954
Population
(approximate)
Location
Deposits of individuals, partnerships, and corporations (m thou-
Per capita
Total
Demand
Time
Total
Demand
959,000
539,000
394,000
5,027,000
827,000
2,252,000
$761,910
635,830
370,356
7,967,039
1,065,300
3,509,204
$246,916
150,247
95,483
3,118,551
413,873
1,298,454
$514,994
485,583
274,873
4,848,488
651,427
2,210,750
$794.48
1,179.65
939.99
1,584.85
1,288.15
1,558.26
$257.47
278.75
242.34
620.36
500.45
576.58
9,998,000
14,309,639
5,323,524
8,986,115
1,431.25
532.46
898.79
New York
15,644,000 42,619,060 22,136,133 20,482,927
New Jersey
5,321,000 5,852,291 2,725,362
3,126,929
Pennsylvania
10,917,000 11,919,203 7,012,206 4,906,997
385,543
Delaware
377,000
589,689
204,146
1,188,191
2,638,000
2,134,143
945,952
Maryland
910,337
872,000
1,176,243
265,906
District of ColumbiaTotal Eastern
35,769,000 64,290,629 34,357,772 29,932,857
States
2,724.31
1,099.85
1,091.80
1,564.16
809.00
1,348.90
1,414.99
512.19
642.32
1,022.66
450.41
1,043.96
1,309.32
587.66
449.48
541.50
358.59
304.94
Maine
New Hampshire
Vermont «.
..
Massachusetts
Rhode Island
Connecticut
Total New England States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama.
Mississippi
Louisiana
Texas
Arkansas
Kentucky
1,797.38
960.54
836.84
557.02
434.84
399.86
287.11
448.27
605.46
393.94
331.61
544.99
825. 73
409.75
512.87
546.38
343.18
283.79
300.96
240.48
338.65
465.02
289.52
258.11
425.05
708.49
332.46
415.23
365.15
213.84
151.05
98.90
46.63
109.62
140.44
104.42
73.50
119.94
117.24
77.29
97.64
181.23
18,642,228
5,464,029
535.40
414.04
121.36
4,981,929
2,211,009
8,604,683
3,428,170
1,816,256
1,691,753
1, 525,760
3,029,669
3,389,737
1,161,106
3,836,952
2,842,937
1,424,722
1,266,666
710,127
918,593
966.93
792.69
1,341.56
874.75
894.56
937.99
832.73
931.85
575.41
519.75
927,83
478.19
501.31
536.38
568.25
715.05
391.52
272.94
413.73
396.56
393.25
401.61
264.48
216.80
27,289,229
15,550,840
995.03
633.84
361.19
2,019,746
857,512
1,717,408
653,465
1,675,179
2,234,735
1,247,216
745,469
1,636,619
7,077,317
802,709
1,564,261
1,874,621
1,244,363
559,639
1,292,646
547,329
1,265,537
1,716,398
916,618
580,233
1,276,433
6,072,444
651,300
1,266,453
1,252,835
45,025,000
24,106,257
8,658,000
4,254,000
9,274,000
7,169,000
3,623,000
3,154,000
2,685,000
4,237,000
8,371,666
3,372,115
12,441,635
6,271,107
3,240,978
2,958,419
2,235,887
3,948,262
Total Middle
Western States—~ 43,054,000
42,840,069
.
.. „
Total Southern
States
Ohio
Indiana
Illinois
Michigan .
Wisconsin
Minnesota
Iowa
Missouri
.......
$537.01
900.90
697.65
964.49
787.70
981.68
775,383
297,873
424,762
106,136
409,642
518,337
330,598
165,236
360,186
1,004,873
151,409
297,808
621,786
3,626,000
1,972,000
4,295,000
2,276,000
3,737,000
3,691,000
3,166,000
2,248,000
3,003,000
8,571,000
1,959,000
3,050,000
3,431,000
TflTiTiestSee
Time
REPORT OF THE COMPTROLLER OF THE CURRENCY
201
TABLE NO. 44.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec, SI, 1954—Continued
Location
Population
(approximate)
661,000
North Dakota
684,000
South Dakota
1,381,000
Nebraska .
2,038,000
Kansas
638,000
Montana
Wyoming
_ _. 312,000
1,467,000
Colorado
800,000
New Mexico
2,310,000
Oklahoma
Total Western
States
10,291,000
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific
States
Deposits of individuals, partnerships, and corporations (in thousands)
Per capita
Demand
Time
Total
471,246
504,173
1,231,295
1,515,012
570,573
269,898
1,285,673
361,897
1,635,395
336,070
372,472
1,064,126
1,233,767
442,156
197,361
941,569
277,893
1,378,564
135,176
131,701
167,169
281,245
128,417
72,537
344,104
84,004
256,831
712.93
737.10
891.60
743.38
894.32
865.06
876.40
452.37
707.96
508.43
544.55
770.55
605.38
693.04
632.57
641.83
347.37
596.78
Time
204.50
192.55
121.05
138.00
201.28
232.49
234.57
105.00
111. 18
7,845,162
6,243,978
1,601,184
762.33
606.74
155.59
2,570,000
1,657,000
12,897,000
629,000
767,000
230,000
1,049,000
2,293,234
1,500,582
15,171,115
449,248
622,126
228,298
574,370
1,380,365
883,931
8,173,499
286,479
372,345
143,494
408,785
912,869
892.31
616,651
905.60
6,997,616 1,176.33
162, 769
714.23
249,781
811.12
84,804
992.60
165,585
547.54
537.11
533.45
633.75
455.45
485.46
623.89
389.69
355.20
372.15
542.58
258.78
325.66
368.71
157.85
19,799,000
20,838,973
11,648,898
9,190,075
588.36
464.17
1,052.53
Total United
States (exclusive of possessions)
163,936,000 174,230,729 103,505,629 70,725,100 1,062.80
631.38
431.42
171,000
42,000
50,000
95,053
10,156
11,047
62,774
8,223
4,729
32,279
1,933
6,318
555.87
241.81
220.94
367.10
195. 79
94.58
188. 77
46.02
126.36
488,000
2,201,000
20,000
331,770
203,710
747
150,868
123,751
301
180,902
79,959
446
679.86
92.55
37.35
309.16
56.22
15.05
370.70
36.33
22.30
Alaska
Canal Zone (Panama)..
OllftTTl
T h e T e r r i t o r y of
Hawaii
Puerto Rico
American Samoa..
Virgin Islands of the
United States
Demand
Total
27,000
6,518
2,419
4,099
241.41
89.59
151.82
2,999,000
659,001
353,065
305,936
219.74
117.73
102.01
Total United
States and possessions. .*
166,935,000 174,889,730 103,858,694
71,031,036
1,047.65
622.15
425.50
Total possessions.
TABLE NO. 45.—Officials of State banking departments and number of each class of active banks in December 1954
Mutual savings
State commercial *
Titles
Names of officials
Location
Albert S. Noyes
Winfield J. Phillips
Alexander H. Miller
Timothy J Donovan
Alexander Chmielewski
Lynwood K. Elmore
Maine
New Hampshire
Vermont
Massachusetts
Rhode IslandConnecticut
State Bank Commissioner..
Bank Commissioner
Commissioner of Banking and Insurance. .
Commissioner of Banks
Bank Commissioner
do.
-.-
T o t a l New
England
States.
Total
number
of
banks
Private
Insured
Insured
NonNonMem
NonMemNonNonmembers insured
bers
members insured insured
bers
Federal
Federal Federal
Federal
Reserve Reserve
Reserve Reserve
System System
System System
253
13
134
6
1
1
25
1
14
17
11
26
34
2
35
7
13
1
6
2
11
8
11
7
5
5
188
3
67
2
556
48
125
40
36
305
2
348
149
59
8
129
134.
ftfi
316
26
103
9
94
3
13
5
42
199
20
81
4
9
1
1
23
7
1
7
1
1
936
330
405
22
167
2
184
108
178
125
334
150
163
172
182
479
178
282
222
73
36
9
8
13
11
25
7
11
135
17
20
9
111
68
168
105
282
134
138
162
120
309
155
245
206
3
1
23
6
17
7
12
2,707
374
2,203
86
44
62
59
35
24
23
• •
New York
New Jersey.
W A. Lyon
Jerome B. McKenna.
L. M. Campbell
Pennsylvania
Delaware
Randolph Hughes
William H. Kirkwood, Jr
Maryland
District of Columbia-
Superintendent of Banks
Acting Commissioner of Banking and InSecretary of Banking
State Bank Commissioner
Bank Commissioner
__
Total Eastern
States.
Virginia
West Virginia—
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississinni
Louisiana
Texas
Arkansas
Kentucky
Tennessee.
Logan R. Ritchie
John H. Hoffman
William W. Jones
0. V. Pierce
A. P. Persons
- C M . Gay..
Joe
Williams
C TH.Johnson
Edward F. Follett
J. M. Falkner
A. R. Merritt
H. H. Carter
H. B. Clarke-
Total Southern
States.
Commissioner of Banking
. . ..
do
Commissioner of Banks
Chief Bank Examiner
Superintendent of Banks
State Commissioner of Banking
Superintendent of Banks
__
State Comptroller
State Bank Commissioner
Commissioner, Department of Banking.._
State Bank Commissioner
Commissioner, Department of BankingSuperintendent of Banks
4
1
12
7
5
3
7
10
32
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
The Territory of
Hawaii.
Puerto Rico
American Samoa
Virgin Island of the
United States.
Total possessions.
Total United
States and
possessions.
Thurman R. Hazard
Joseph McCord
Orville E. Hodge
Maurice C. Eveland
Guerdon M. Matthews
Charles M. Wenzel .
N. P. Black
J. A. Rouveyrol
J. A. Graham
Roy H. Fenner...
J. Floyd McLain
Elmer T. Beck..___.
R E. Towle
Norris E. Hartwell
Frank E. Goldy
Alfred W. Kaune
0. B. Mothersead.
Ray D. Carrell
A.
A. Rogers
Maurice
C. Sparling
Austin Schouweiler
Louis S. Leatham
Grant L. Robison..
D. 0. Saunders
i Includes stock savings banks.
Superintendent of Banks.
_
Director, Department of Financial Institutions.
Auditor of Public Accounts
Commissioner, State Banking Department.
_. Commissioner of Banks
do...
Superintendent of Banking
Commissioner of Finance
State Examiner
_. Superintendent of Banks
_. Director of Banking
State Bank Commissioner
Superintendent of Banks
State Examiner
State Bank Commissioner
State Bank
Examiner
Bank
Commissioner
Supervisor of Banking
Superintendent of Banks
do
Commissioner of Finance
Bank Commissioner.. .
Superintendent of Banks.. _
do
_
222
2 232
521
352
463
502
567
523
173
111
124
153
71
28
70
100
389
189
382
461
449
404
3
4
8
9
6
12
41
19
3,686
830
2,728
102
116
135
296
432
71
28
84
26
187
2
27
16
42
44
15
17
8
25
109
108
236
275
27
13
58
18
154
1,375
196
998
181
79
35
98
27
45
3
10
15
7
35
9
20
2
1
57
25
54
18
25
1
8
3
2
9
297
89
188
15
9,557
1,867
6,647
446
403
355
2
2
4
1
2
1
1
1
7
3
7
2
14
309
70
9
8
4
1
1
3
3
9
6
Treasurer
10
1
2
7
3
1
35
14
19
6,661
465
5
3
215
1
1
1
1,867
1
5
13
9
Includes 1 private bank.
3
2
44
115
Secretary, Territorial Banking Board
Supervising Bank Examiner
9,592
1
3
215
1
1
310
71
TABLE N O . 46.—Assets and liabilities of all active banksy Dec, 81, 1986 to 1954
[Amounts in thousands of dollars]
Loans and
Number discounts,
of banks including
overdrafts
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950 ..
1951
1952
1953
1954
15,704
15,463
15,265
15,096
14,956
14,885
14,722
14,621
14, 579
14,598
14,633
14,755
14,735
14,705
14,666
14,636
14,59614,538
14,388
21,613,328
22,342,879
21,535,406
22,374,700
23,967,476
26,838,365
24,001,146
23,674,539
26,101,639
30,466,867
35,822,868
43,231,136
48,452,743
49,828,162
60,711,146
68,000,966
75,928,803
80,920,155
86,058, 272
U. 8. GovOther
ernment
bonds,
obligations, stocks,
and
direct and
guaranteed securities
17,497,059
16,660,068
18,002,042
19,447,464
21,028,798
25,553,809
46,059,111
66,259,384
86,414,755
101,904,073
87,093,517
81,636,938
74,462, 553
78,753,673
73,188,217
71,595,087
73,010,835
72,872,466
78,004,064
10,700,905
9,828,984
9,664,255
9,348,161
9,499,776
9,035,537
8,312,249
7,466,862
7,596,205
8,611,660
9,543,221
10,760,398
11,470,848
12,682,551
14,816,545
15,991,176
17,449,091
18,452,644
20,519,756
Cash
1,025,586
907,871
(4)
1,196,539
1,407,364
1,545,018
1,463,836
1,612,252
1,801,370
2,025,088
2,221,793
2,392,970
2,145,156
2,185,256
2,343,064
2,890,421
2,938,679
2,690,476
2,657,128
Balances
with other
banks l
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
32,995,748
36,167,173
37,490,369
34,490,538
38,892,739
42,826,197
42,825,197
43,301,133
42,097,116
i Includes reserve balances and cash items in process of collection.
' Includes capital notes and debentures in banks other than national.
'Includes reserve accounts.
* Not called for separately. Included with "Balances with other banks."
Backfigures.—Seereference in heading of table 46, p. 190, in 1953 annual report to
Other
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
1,835,487
2,053,761
2,102,933
2,288,962
2,558,776
2,677,998
2,895,929
3,348,420
Total assets
70,110,711
68,077,758
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
176,024,102
176,075,430
180,043,113
192,240,673
203,862,623
214,830,603
221,132,803
232,684,756
Capital *
Surplus
and
undivided
profits *
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
3,342,600 8,654,798
3,423,195 9,130,608
3,548,731 9,616,859
3,670,249 10,245,616
3,840,006 10,866,262
4,016,796 11,437,192
4,173,707 12,035,657
4,428,194 12,936,050
Total deposits
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
162,728,682
162,041,389
165,244,044
176,120,158
186,603,665
196,431,356
201,978,297
212,030,341
able anc
rediscounts,
etc.
Other
liabilities
57,247
50,816
36,612
25,551
25,060
756,126
744,095
729,399
702,704
653,273
18,638
688,511
51,650
817,620
125,624
982,221
227,150
48,403 1,118,615
74,614 1,223,408
64,320 1,415,918
27,195 1,606,284
94,607 2,110,043
44,008 2,508,682
196,234 2,749,025
66,803 2,878,339
32,915 3,257,256
reports containingfiguressince 1834.' (Comparable figures for years prior to 1936 covered June 30 only.)
NOTE.—Reciprocal interbank demand balances with banks hi the United States are
reported net beginning with the year 1942.
S
O
o
TABLE N O . 47.—Assets and liabilities of all active national banks, Dec. 31, 1986 to 1954
[Amounts in thousands of dollars]
S. Gov- Other
Loans and U.
ernment
Number discounts, obligations,
bonds,
of banks including direct and stocks, and
overdrafts guaranteed
1936.
1937.
1938.
1939.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046
5,031
5,023
5,013
5,011
4,997
4,981
4,965
4,946
4,916
4,864
4,796
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
23,818,513
23,928, 293
29,277,480
32,423,777
36,119,673
37,944,146
39,827,678
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
34,980,263
38,270,523
35,691,560
35,156,343
35,936,442
35,588,763
39,506,999
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
5,248,090
5,937,227
7,331,063
7,887,274
8,355,843
8,621,470
9,425,259
Cash
Balances
with other
banks1
Other
Total assets
Capital
Surplus
and
undivided
profits 2
Total deposits
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
1,040,763
1,059,663
1,147,069
1,418,564
1,446,134
1,292,254
1,279,171
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
21,983,506
19,985,295
22,666,366
24, 593,594
24.953,269
25,253,264
24,442,726
1,032,327
977,186
1,011,455
960,436
918,082
897,004
847,122
813,468
792,479
797,316
830,513
880,987
,063,917
,058,178
,126,555
,259,008
., 321,382
,416,802
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
88,135,052
90,239,179
97,240,093
102,738, 560
108,132,743
110,116,699
116,150,569
1,598,815
1,577,831
1,570,622
1,532,903
1,527,237
1, 515,794
1,503,682
1,531, 515
1,566,905
1,658,839
1,756,621
1,779,766
1,828,759
1,916,340
2,001,650
2,105,345
2,224,852
2,301,757
2,485,844
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
3,842,129
4,018,001
4,327,339
4,564,773
4,834,369
5,107,759
5,618,398
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
81,648,016
83,344,318
89,529,632
94,431,561
99,257,776
100,947,233
106,145,813
iIncludes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
Back figures—See reference in heading of table 47, p. 191, in 1953 annual report, to
reports containing figures since 1863.
Bills payable and Other
rediscounts, liabilities
etc.
3,495
10,839
5,608
2,882
3,127
3,778
3,516
8,155
54,180
77,969
20,047
45,135
41,330
7,562
76,644
15,484
75,921
14,851
11,098
281,760
308,499
281,749
298,265
342,013
330,585
390,291
408,139
491,877
559,103
630,578
705,185
774,818
952,958
1,304,828
1,621,397
1,739,825
1,745,099
1,889,416
NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.
g
o
o
TABLE N O . 48.—Assets and liabilities of all active banks other than national, Dec. 81, 1936 to 1954
fcO
[Amounts in thousands of dollars]
Number of
banks
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
10,373
10,197
10,035
9,903
9,806
9,762
9,635
_ 9,575
9,548
9,575
9,620
9,744
9,738
9,724
9,701
9,690
9,680
9,674
9,592
S. GovLoans and U.
ernment
discounts, obligations,
including direct and
overdrafts guaranteed
Other
bonds,
stocks,
and
securities
13,342,118
13,529.332
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
21,750,679
24,634,230
25,899,869
31,433, 666
35, 577,189
39,809,130
42,976,009
46,230,594
6,606,415
6,138,862
5,911,021
5,610,520
5, 584,341
5,221,081
4,654,812
4,141,164
4,052.665
4,467,757
4,743,937
5,575,867
6,222,758
6,745,324
7,485,482
8,103,902
9,093,248
9,831,174
11,094,497
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
42,811,503
39,482,290
40,483,150
37,496,657
36,438,744
37,074,393
37,283,703
38,497,065
Cash
Balances
with other
banks»
Other
assets
507,083
485,381
(3)
580,841
688,565
758,517
730,337
804,283
896,870
1,016,444
1,127,072
1,224,928
1,104,393
1,125,593
1,195,995
1,471,857
1,492,545
1,398,222
1,377,957
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
15,259,625
15,506,863
14, 505,243
16,226,373
18,232, 603
17,871,928
18,047,869
17,654,390
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
954,500
989,844
1,044,755
1,162,407
1,299,768
1,356,616
1,479,127
1,679,684
'Includes reserve balances and cash items in process of collection.
2
Includes reserve accounts.
a
Not called for separately. Included with "Balances with other banks."
Total assets
Capital
stock
Capital
notes
and
debentures
39.046,049
37,973,528
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
87,577,102
87,940,378
89,803,934
95,000,580
101,124,063
106,697,860
111,016,104
116,534,187
1.489.354
1,471,533
,459,015
.,450,873
:, 420,148
^,410,373
:, 382,507
,389,943
,403,725
,456,449
1,475,054
,500,807
., 546,005
1,583,954
1,621,492
1,695,205
1,745,470
1,828,615
1,896,592
204,845
173,746
162,856
141,748
123,134
108,194
99,202
90,142
82,320
72.080
67,794
62,027
48,431
48,437
47,107
39,456
46,474
43,335
45,758
Surplus
and
undivided
profits a
Total
deposits
3,277.115 33.546,617
3,283,467 32.569.209
3,258.913 33,857,085
3,297,432 36,953,051
3,329,878 40,555,461
3,327,471 42,678,488
3,384,964 49,616,822
3,606,164 58,179,945
3,932,206 70,181,887
4,427,345 81,287,146
4,745,301 77.751,557
5,013,240 80,453,326
5,288,479 80,393,373
5,598,858 81,899,726
5,918,277 86,590, 526
6,301,489 92,172,104
6,602,823 97,173,580
6, 927,898 101,031,064
7,317,652 105,884,528
Bills payable and
rediscounts,
etc.
Other
liabilities
53,752
39,977
31,004
22,669
21,933
18,815
15,122
43,495
71,444
149,181
28,356
29,479
22,990
19,633
17,963
28,524
123,313
51,952
21,817
474,366
435,596
398,549
390,227
387,386
372,119
262,982
280,372
325,743
423,118
488,037
518,223
641,100
653,326
805,215
887,285
1,009,200
1,133,240
1,367,840
NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.
Back figures.—See reference in heading of table 48, p. 192, in 1953 annual report, to
reports containing figures since 1834. (Comparable figures for years prior to 1936
covered June 30 only.)
o
o
w
o
TABLE N O . 49.—Summary of status, progress, and results of liquidation of all national banks ] placed in charge of receivers from the date of the
first national bank failure, Apr. 14, 1865, to Dec. 31, 1954
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
National banks
Total
Completely
liquidated
and finally
closed
In process
of liquidation
Total
1
o
Number of receiverships
__
Total assets taken charge of by receivers.—
Disposition of assets:
Collections from assets (including earnings
collected from 1,155 banks completelyliquidated to Oct. 31,1933, and for accounting purposes, dividends paid secured
creditors of all trusts final ly 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___
._.
Total
Collections:
Collections from assets as above
Collections from stock assessments
Earnings collected: interest, premiums,
rents, etc. (unavailable as separate item for
1,155 banks completely liquidated to Oct.
31, 1933)
Offsets allowed and settled (against assets)._
Unpaid balance Reconstruction Finance
Corporation loans
Total
See footnotes at end of table.
1
«2,807
<15
«15
6 2,806
$3, 737,811, 321 $6,804, 589 $3, 744, 615, 910 $27,143,017
$27,143,017
$3,710,668,304
$6,804,589 $3,717,472,893
18, 624, 923
2,089,895
2,197, 545,353
251, 631, 646
4, 642, 952 2,202,188,305
251,917,992
286,346
1,220,363,493
s 2,821
1
3 2,822
i
4, 642,952
286,346
2, 220,813, 228 18,624,923
2,089,895
254,007,887
1,686,757
1,226,765,206
6,401,713
6,401,713
1,218,676,736
26,486
26,486
42, 760,496
6 54,073
3, 737,811,321
188, 534
6,804, 589
42,786,982
242,607
3,744,615,910
27,143,017
27,143,017
3, 710,668,304
42,760,496
242,607
188, 534
6,804,589 3,717,472,893
2,216,170,276
179, 266,883
4,642,952
503, 777
2,220,813,228
179,770,660
18,624,923
619,261
18,624,923
619,261
2,197, 545,353
178,647,622
4, 642,952
503,777
2,202,188,305
179,151,399
163, 238, 510
253, 721, 541
233,649
485, 505
286,346
163,724,015
254,007,887
233,649
1,429,275
2,089,895
1,429,275
2,089,895
161,809,235
251,631,646
233,649
485, 505
286,346
162, 294, 740
251,917,992
233,649
2,812,630,859
5,918, 580
2,818, 549,439
22, 763, 354
22,763,354
2, 789,867,505
5,918,580
2,795,786,085
2,216,170, 276
253,721, 541
1,225,078,449
42, 786,982
« 54,073
1,686,757
O
f
1
TABLE N O . 49.—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. 81, 1954—Continued
National and 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 P to
secured creditors for 815 banks completely
liquidated to Oct. 31,1929)
1,412,893,997
Dividends paid by receivers to secured creditors (unavailable as separate item for 815
banks completely liquidated to Oct. 31,
34,624,491
1929)
_
Distributions by conservators to unsecured
209,124,039
creditors
Distributions by conservators to secured
1,372,006
creditors
Payments to secured and preferred creditors
(including disbursements for the protection of assets for 597 banks completely
704,462,893
liquidated to Oct. 31,1926)
Offsets allowed and settled (against liabil253, 721, 541
ities)
—
Disbursements for the protection of assets
(unavailable as separate item for 597 banks
8,055,082
completely liquidated to Oct. 31, 1926)—.
Payments of receivers' salaries, legal and
169,784,268
other expenses
_
Payments of conservators' salaries, legal and
10,970,725
other expenses
7,600,970
Amounts returned to shareholders in cash...
Cash balances in hands of Comptroller and
»20,847
receivers
_
Total.
2,812,630,859
3, 567,759
1,450,782
Total
District of Columbia nonnational banks *
Completely In process
liquidated
and finally of liquidation
closed
1, 416, 461, 756 10,893,071
National banks
Total
Completely
liquidated
and finally
closed
In process
of liquidation
Total
10,893,071
1,402,000,926
3,567,759
1,405,568,685
O
o
34, 624,491
35,202
35,202
34,589,289
209,124,039
2,838,102
2,838,102
206,285,937
206,285,937
1,372,006
10,750
10,750
1,361,256
1,361,256
705,913,675
4,901,281
4,901,281
699,561,612
1,450,782
701,012,394
254,007,887
2,089,895
2,089,895
251,631,646
286,346
251,917,992
14,888
8,069,970
18,839
18,839
8,036,243
14,888
8,051,131
445,015
170,229,283
1,767,254
1,767,254
168,017,014
445,015
168,462,029
45,597
11,016,322
7,600,970
201,010
7,950
201,010
7,950
10,769,715
7,593,020
45,597
10,815,312
7,593,020
•20,847
108,193
129,040
22,763,354
22,763,354
2,789,867,505
5,918,580
2,795,786,085
108,193
129,040
5,918, 580
2,818,549,439
I
o
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—.
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
'402,112,595
800,000
7 402,912,595
8 2,352,920
9
399,759,675
800,000
»400,559,675
176,392,631
176,392,631
176,392,631
176,392,631
176,392,631
170,552,785
328,273,807
2,374,374,873
800,000
4,165,850
176,392,631
170,552,785
329,073,807
2,378,540,723
1,912,920
19,147,196
1,912,920
19,147,196
176,392,631
170,552,785
326,360,887
2,355,227,677
800,000
4,165,850
176,392,631
170,552,785
327,160,887
2,359,393,527
514,333,874
1,144,260
515,478,134
5,194,938
5,194,938
509,138,936
97,105,575
2,123,146,487
82,118
3,638,730
97,187,693
2,126,785,217
809,871
17,850,201
809,871
17,850,201
78.09
97.50
78.13
77.18
77.18
1,144,260
510,283,196
82,118
96,295,704
3,638,730
2,105,296,286
. -=
97.50
78.10
96,377,822
2,108,935,016
a
1
78.13
87.62
98.38
87.64
82.57
82.57
87.66
98.38
87.68
6.71
8.29
6.72
8.73
8.73
6.70
8.29
6.70
Including District of Columbia nonnational banks and building and loan associations.
2
Including building and loan associations,
r
a Does not include 159 banks restored to solve
.
ency.
<
Does not include 1 bank restored to solvency.
6
Does not include 158 banks restored to solvency.
2,352,920
• Cash and uncollected assets on hand at date of termination of supervision of liquidation by Comptroller of the Currency (Poultney National Bank, Poultney, Vt.).
11ncludes $23,100,000 capital stock of 159 banks restored to solvency.
• Includes $50,000 capital stock of 1 bank restored to solvency .1
• Including $23,050,000 capital stock of 158 banks restored to solvency.
o
o
a
d
TABLE NO. 50.—Number and deposits of national and District of Columbia nonnational banksl placed in receivership period Apr. 14,1865,
to Dec. 31} 1954, by groups according to percentages of dividends paid to Dec. SI, 1954
Liquidation banks
Periods and bank groups
Dividends paid,
100 percent and
over
Number of
banks
Keceiverships completely liquidated
and finally closed or restored to
solvency, 1865 to 1954 (2,980 banks):
Apr. 14, 1865, to Oct. 31, 1930—
data for individual annual report years unavailable; deposits prior to 1880 unavailable for
84 banks (974 banks)
Nov. 1,1930, to Oct. 31,1931
Nov. 1,1931, to Oct. 31,1932
Nov. 1,1932, to Oct. 31,1933
Nov. 1,1933, to Oct. 31,1934
Nov. 1,1934, to Oct. 31,1935
Nov. 1,1935, to Oct. 31,1936
Nov. 1,1936, to Oct. 31,1937. Nov. 1,1937, to Oct. 31,1938
Nov. 1,1938, to Oct. 31,1939
Nov. 1,1939, to Oct. 31,1940
Nov. 1,1940, to Oct. 31,1941
Nov. 1,1941, to Dec. 31,1942
Deposits
Dividends paid,
75 to 99.9 percent
Number of
banks
Deposits
Dividends paid,
50 to 74.9 percent
Number of
banks
Deposits
Dividends paid,
25 to 49.9 percent
Number of
banks
Deposits
Dividends paid,
less than 25 percent
Number of
banks
Deposits
Total banks
Number of
banks
Deposits
Restored Total
to sol- all
vency banks
banks *
to
o
I
Num- Number of ber of
banks banks
o
o
208 $77,296,606
163 $64,572,547
211 $66,952,690
156 $45,465,025
6
11
8
8
28
40
86
*76
26
19
57
14
16
16
13
18
29
46
80
110
61
36
39
46
22 8,334,115
33 14,038,797
21 9,692,212
17 10,532,532
34 13,854,445
56 18,483,929
85 38,027,988
106 56,203,459
42 32,056,684
38 43,319,262
642 76,497,725
26 72,320,682
29
27
15
8
30
43
3 51
48
21
15
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
5,323,140
5,549,989
5,826,514
8,517,835
11,801,668
12,246,387
38,690,969
54,346,379
58,631,031
43,639,246
68,673,118
248,608,395
no
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
159 $30,828,899
897
$285,115,767
77
974
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
91
97
69
64
152
214
340
364
159
112
102
104
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
8
25
9
28
11
1
99
122
78
92
163
215
340
364
159
112
102
104
18
10
12
13
31
29
38
24
9
4
4
4
14
3
Jan. 1,1943, to
Jan. 1,1944, to
Jan. 1,1945, to
Jan. 1,1946, to
Jan 1,1947, to
Jan. 1,1948, to
Jan. 1,1949, to
Jan. 1,1950, to
Jan. 1,1951, to
Jan 1,1952, to
Jan. 1,1953, to
Jan 1,1954, to
Dec. 31,1943.
Dec. 31,1944
Dec. 31,1945
Dec. 31,1946
Dec. 31,1947
Dec. 31,1948
Dec. 31,1949
Dec. 31,1950.
Dec. 31,1951
Dec 31,1952
Dec. 31,1953
Dec 31,1954
6 16,260,257
3 412,269,316
1 1,796,607
1
1,204,158
2
5,058,728
75,837,758
4,613,782
2,390,914
616,710
26, 966,990
421,461
2,015,717
8
5
39,828,007
28,787,475
1
1
1
183,818
305,253
2,299,269
342 700,992,417
Grand total (2,981 banks)
550 778,289,023
526 674, 718,003
1
24,606,118
141,119
3
1,944,442
538 464,765,652
318
191,834,170
200
690 743, 456,400
30
10
4
2
2
3
2
2
56,948,864
474 237,299,195
359
87,777,763
1
1,924 2,089,259,106
1
749 531,718,342
30
10
4
2
2
3
2
2
158,476,582
445,811,692
4,187,521
616,710
27,150,808
1,930,872
4,314,986
5,058,728
1
4,165,850
Including building and loan associations.
Deposits for banks restored to solvency unavailable.
Exclusive of 1 receivership finally closed during year ended Oct. 31, 1937, but
reopened as a receivership during the year ended Dec. 31,1944, and again closed during
the4 year ended Dec. 31,1948.
Exclusive of 1 receivership finally closed during year ended Oct. 31, 1933, but
reopened
as a receivership and again closed during the year ended Oct. 31, 1938.
8
Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1928, but
reopened as a receivership during the year ended Oct. 31,1940, and again closed during
the year ended Oct. 31,1941.
*
5
1
1
1
Total 1931-54 (2,006 banks)
Active receiverships as of Dec. 31,
1954 (1 bank)
1
2
3
8
1
2
2
1
1
1
82
2,006
159
2,981
4,165,850
2,822 2,378, 540, 723
3
1
6
Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1928, but
reopened as a receivership during the year ended Oct. 31,1940, and again closed during
the7 year ended Oct. 31, 1941.
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.)
o
o
o
o
d
212
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 51.—National bank in charge of receiver during the year ended
Dec. 81} 1954
Name of bank: Salt Springs National Bank, Syracuse, New York x
(Liquidation No. 2697)
Charter number
1287
Date of organization
May 20, 1865
Date receiver appointed
Jan. 22, 1934
Capital stock at date of failure
$800, 000
Claims proved (both secured and unsecured)
$3, 638, 730
Liabilities:
Borrowed money (bills payable, rediscounts, etc.) at date of failure
$1, 144, 260
Deposits at date of failure
4, 165, 850
Additional liabilities established to date of report
82, 118
Total liabilities established to date of report
5, 392, 228
Assets and assessments:
Book value of assets at date of failure
Additional assets received since date of failure
Assessments upon shareholders
6, 365, 136
439, 453
800, 000
Total assets and stock assessments
Disposition of assets and assessments:
Collections from assets
Offsets allowed and settled
Collections from stock assessments
Losses on assets compounded or sold under order of court
Book value of uncollected assets
Book value of remaining uncollected stock assessments
Total disposition of assets and assessments
7, 604, 589
4, 642, 952
286, 346
503, 777
1, 686, 757
188, 534
296, 223
7, 604, 589
Progress of liquidation to date of this report:
Cash collections from assets
4, 642, 952
Cash collections from stock assessments
503, 777
Receivership earnings, cash collections from interest, premium,
rent, etc
485, 505
Offsets allowed and settled
286, 346
Total collections from all sources, including offsets allowed.__
5, 918, 580
Disposition of proceeds of liquidation:
Dividends paid by receivers on secured claims
Dividends paid by receivers on unsecured claims
3, 567, 759
Secured and preferred liabilities paid except through dividends,
including offsets allowed
1, 737, 128
Cash advanced in protection of assets
14, 888
Conservator's salary, legal and other expenses
45, 597
Receivers' salaries, legal and other expenses
445, 015
Cash in hands of Comptroller and receiver
108,193
Total disposition of proceeds of liquidation
Percent dividends paid to claims proved
Percent total payments to creditors to total liabilities established
Percent total costs of liquidation to total collections including offsets
allowed
5, 918, 580
97. 50
98. 38
8.29
Date finally closed
i Formerly in conservatorship.
NOTE.—Liquidation activity for the current year was limited to payments of receivers' salaries, legal
and other expenses in the amount of $302.
TABLE NO. 52.—Bank suspensions since inauguration of Federal deposit insurance^ years ended Dec. 31, 1984 to 1954
Capital stock (in thousands of dollars)
Number
Year ended
Dec. 31—
1934
1935 .
1936
1937
1938
1939 .
1940
1941 . .
1942
1943—
1944
1945
1946
1947 . . .
1948
1949
1950
1951
1952
1953
1954
Total
..
Nonmember banks
Member banks
All
banks
National
57
34
44
58
56
42
22
8
9
4
1
1
4
1
3
1
4
1
4
Insured
State
2
1
3
2
8
22
40
47
47
25
18
3
6
2
21
Noninsured
48
8
3
6
7
10
3
1
3
1
31
4
1
3
3
4
3
<4
8
1
«3
•1
354
1
2
»1
21
7
Member banks
All
banks
National
3,822
1,518
1,961
3,435
2,467
5,309
1,587
496
327
708
32
25
405
88
685
25
220
82
360
671
25
3,600
650
72
102
13 1
13 2
120
52
750
45
224
102
22,754
Deposits (in thousands of dollars)
Nonmember banks
Insured
416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32
Noninsured
3,381
480
195
75
365
285
53
18
55
2,540
200
37
550
25
4,496
10,531
Member banks
All
banks
36,939
10,101
11,323
16,169
13,837
34,980
5,944
3,723
1,702
6,300
405
National
42
5,399
524
3,825
36
1,323
257
3,141
State
1,708
211
24,629
5,059
Nonmember banks
Insured
1,912
3,763
10,207
10,156
11,721
6,589
5,341
503
1,375
1 241
405
Noninsured
34,985
939
592
480
1,869
2,439
346
79
327
3
M
O
I
167
167
O
19,478
20
2,443
42
3,113
1,414
44,802
2,880
1,279
24,934
930
2,443
42
3,113
135
390
1,950
w
o
5,187
196,284
46,026
80,356
50,296
125
125
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.
* Comprises 2 private banks (without capital) in the State of Georgia having total
deposits of $190,000; and 2 banks in the State of Texas—a commerical bank with capital
of $50,000 and total deposits of $1,007,000 and a private bank with capital of $75,000 and
total deposits of $1,246,000.
* Private bank located in the State of Georgia.
« Comprises a commercial bank in the State of Kansas with capital of $10,000 and total
deposits of $237,000, and 2 private banks in the State of Michigan with capital of $110,000
and
total deposits of $2,876,000.
7
Comprises a commercial bank in the State of Arkansas with capital of $25,000 and
total deposits of $480,000; and a commercial bank in the State of Illinois with capital of
$12,000 and total deposits of $799,000.
State
1
120
15
19,606
« Commercial bank located in the State of Georgia.
• Commercial bank located in the State of Illinois.
i° Commercial banks located in the State of Illinois.
" Commercial bank located in the State of Colorado.
i2 Commercial bank located in the State of Kentucky.
" Comprises a private bank in the State of Georgia (capital and deposit figures not
available); and a commercial bank in the State of Kansas with capital of $20,000 and
total deposits of $1,950,000.
NOTE.—Figures for banks other than national furnished by Board of Governors of
the Federal Reserve System, and represent associations closed to the public, either
temporarily or permanently, by supervisory authorities or directors of the banks on
account of financial difficulties. In the case of national bank suspensions these represent
actual failures for which receivers were appointed.
1
o
d
w
o
to
CO
INDEX
Page
Affiliates of national banks, number reporting as of December 31, 1954__
37
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1953 and 1954
34-36
December 31, 1954, by classes of banks in each State
160-199
December 31, 1954, summary by classes of banks
158-159
December 31, 1936-54
204
Distribution of, December 31, 1954
34
Per capita demand and time deposits of individuals, partnerships, and
corporations in, December 31, 1954, by States
200-201
Suspensions. (See Failures of banks.)
Assessments: Upon shareholders of insolvent national banks
209,212
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1953 and 1954
34-36
December 31, 1954, by States
160-167
December 31, 1954, summary by classes of banks
158-159
December 31, 1936-54
204
National banks:
Call dates in 1954, summary and by States.
26-27, 69-120
December 31, 1954, by States
168-175
December 31, 1936-54
205
Percentage distribution of, December 31, 1951-54
28
Principal items of, according to size of banks (deposits), December 31, 1953 and 1954
64
State banks (see also District of Columbia):
All banks combined:
December 31, 1954, summary and by States
158-159, 176-183
December 31, 1936-54
206
Mutual savings: December 31, 1954, summary and by States
158159, 192-195
Private: December 31, 1954, summary and by States
158159, 196-199
State commercial: December 31, 1954, summary and by States. 158159, 184-191
Bank Currency. (See Federal Reserve notes; National bank circulation.)
Bank examinations. (See Examination of national banks.)
Banks (see also All banks; Assets and liabilities of banks; Mutual savings
banks; National banks; Private banks; State commercial banks):
All banks:
Distribution of, December 31, 1954
34
Insured and uninsured, December 31, 1954
34
Member banks of Federal Reserve System, December 31, 1954_
34
215
216
INDEX
Banks—Continued
All banks—Continued
Number of:
Page
December 31, 1954, by States
160-161
December 31, 1936-54
204
Suspensions. (See Failures of banks.)
Insured commercial banks: Number of, December 31, 1954, byclasses
34
National banks:
Branches. (See Branches of national banks.)
"Calls" for reports of condition of, dates, 1914-54
66
Examination of. (See Examination of national banks.)
Failures. (See Failures of banks.)
Number of:
Call dates in 1954
26
Call dates in 1954, by States
69-120
December 31, 1954, by States
168-169
December 31, 1936-54
205
Nonmember banks of Federal Reserve System, December 31,
1954
34
With surplus fund equal to or exceeding common capital
stock 1942-54
65
With surplus fund less than common capital stock 1942-54.
65
State and private banks:
Number of:
December 31, 1954, by States
176-177, 184-185, 192, 196
December 31, 1936-54
206
Supervisors of, name and title of in each State, December 31,
1954
202-203
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1954
34
Bank suspensions. (See Failures of banks.)
Borrowings. (See Assets and liabilities of banks.)
Branches:
National banks:
Domestic:
Number and class of, closed in year ended December 31,
1954
62-63
Number authorized and closed in year ended December 31,
1954, and number in existence December 31,1954
11-20
Number authorized in year ended December 31, 1954, by
States
58-62
Number of banks operating branches December 31, 1954, in
United States and possessions
12
Number of branches operated in United States and possessions as of December 31, 1954
12
Number of new branches opened in 1954, including those in
former bankless communities
11, 20
Foreign:
Location and summary of assets and liabilities of, December
31, 1954
146, 147
Number in operation December 31, 1954
147
Number of all banks and branches per capita in States permitting
Statewide branch banking, 10-yea.r intervals 1924r-54
13-15,19
INDEX
217
Branches—Continued
Number of all banks and branches per capita in States permitting Page
limited area branch banking, 10-year intervals 1924r-54
15-17
Number of banking units in States prohibiting branch banking, 10year intervals 1924-54
17-19
Statements relative to
11-20
" Calls1' for reports of condition of national banks, dates of 1914^54
66
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks: Ratios.)
Capital stock of banks:
All banks:
December 31, 1954, by States
162-163, 166-167
4
December 31, 1936-54
_
204
National banks:
By size of banks (deposits) December 31, 1953 and 1954
64
Call dates in 1954, by States
69-120
Chartered in each State, in year ended December 31, 1954
47-48
December 31, 1954, by States
170-171, 174-175
December 31, 1936-54
205
Failed bank in charge of receiver, in year ended December 31,
1954
209, 212
Incident to consolidations with State and national banks, in year
ended December 31, 1954
51,52,53-58
Liquidated banks, in year ended December 31, 1954
32-33, 49-50
Preferred stock:
Retirable value of, on call dates in 1954
27
Total outstanding, December 31, 1954
32-33
State and private banks:
December 31, 1954, by classes of banks and by States
159,
182-183, 190-191, 197
December 31, 1936-54
206
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 and mergers 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:
Comptrollers, names of, since organization of the Bureau and periods
of service
45
Deputy Comptrollers, names of, since organization of the Bureau and
periods of service
45
Examination of national banks
38
Expenses of, calendar year 1954
39
Issue and redemption of notes
37-38
Liquidation of insolvent national banks
37
Organization and staff
38-39
Personnel
_
3S-39
Condition of banks. (See Assets and liabilities of banks.)
218
INDEX
Consolidations and mergers of banks:
Under act November 7, 1918, as amended:
Consolidations under sections 1, 2, and 3:
Page
List of, in year ended December 31, 1954
53-56
Number of in each State
46-47
Mergers under sections 4 and 5:
List of, in year ended December 31, 1954
56-58
Number of in each State
46-47
Statement relative to
5-11, 32-33
Under Public Law 706, August 17, 1950:
List of, in year ended December 31, 1954
51
Number of in each State
46-47
Statement relative to
5-11, 32-33
Conversions of banks:
Under Public Law 706, August 17, 1950:
List of, in year ended December 31, 1954
51
Number of in each State
46-47
Statement relative to
5-11, 32-33
Credit unions of the District of Columbia. (See District of Columbia.)
Demand deposits. (See Deposits.)
Deposits (see also Assets and liabilities of banks):
All active banks, December 31, 1936-54
204
Demand and time in all active banks, by classes in each State, December 31, 1954
166-167, 174-175, 190-191, 195, 199
Insured commercial banks, December 31, 1954
34
National banks, at date of failure
209, 212
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1954, by States..
200-201
Postal savings:
In all banks, December 31, 1954, by States
166-167
In each class of banks, December 31, 1954, by States. 174-175, 190-191
In national banks, call dates in 1954, by States
69-120
Size of national banks, according to, December 31, 1953 and 1954
64
Suspended banks. (See Failures of banks.)
Uninsured banks, December 31, 1954
34
United States Government:
In all banks, December 31, 1954, by States
166-167
In each class of banks, December 31, 1954, by States
174-175,
190-191, 195, 199
In national banks, call dates in 1954, by States
69-120
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1954
77, 150, 151
December 31, 1954
148-149
Credit unions of: Legislation enacted relative to
23
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years ended December 31, 1935-54
155, 156-157
Years ended December 31, 1953 and 1954, by classes of
banks
152-153
Ratios:
Years ended December 31, 1935-54
155, 156-157
Years ended December 31, 1953 and 1954, by classes of
banks
153
Years ended December 31,1953 and 1954, by classes of banks— 152-153
INDEX
219
District of Columbia—Continued
Page
Number of banking units per capita, 10-year intervals 1924-54
19
Receiverships of nonnational banks in
207-209
Reports required from banking associations in, in year ended December 31, 1954
36
Dividends. (See Earnings, expenses, and dividends of national banks;
Failures of banks.)
Earnings, expenses, and dividends of national banks:
According to size of banks (deposits), year ended December 31,1954_ 139-141
By Federal Reserve districts, year ended December 31, 1954
136-138
By States, year ended December 31, 1954
128-135
Lasses charged off on loans and securities:
Years ended December 31, 1935-54
145
Year ended December 31, 1954, according to size of banks
(deposits)
140-141
Ratios:
Dividends to capital stock and capital funds, years ended
December 31, 1929-54
144
Net profits before dividends to capital stock and capital funds,
years ended December 31, 1929-54
144
Net earnings from current operations and net profits before
dividends per $100 of deposits, year ended December 31, 1954__ 141
Net earnings from current operations, net profits before dividends,
and cash dividends per $100 of capital funds, year ended
December 31, 1954
141
Salaries and wages of officers and employees:
By size of banks (deposits), calendar year 1954
139
Years ended December 31, 1952-54
142
Summary, years ended December 31, 1952-54
142-143
Trend in, since 1950
21
Employees. (See Comptroller of the Currency, Office of; Officers and
employees of national banks.)
Examination of national banks:
Legislation proposed to provide for not more than three examinations
each two-year period in instances where considered prudent by
Comptroller
22
Number of bank examinations during year ended December 31, 1954__
38
Examiners and assistant examiners: Changes in number, during the
calendar year 1954^
38
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,
1934-54
213
National banks:
Assessments against stockholders
209, 212
Bank in charge of receiver in year ended December 31, 1954
212
Capital at date of failure
209, 212
Circulation outstanding at date of failure
209
Closed and active receiverships to December 31, 1954
207-212
Costs of liquidation of receiverships terminated
209, 212
220
INDEX
Failures of banks—Continued
National banks—Continued
Deposits at date of failure of bank in charge of receiver in ye a r P a g e
ended December 31, 1954
209,212
Dividends paid to creditors during year ended December 311
1954, and total dividends to December 31, 1954.._ 208, 210-211, 212
Number, capital, and deposits: Since inauguration of Federal
deposit insurance, years ended December 31, 1934-54
213
Number of, by States, since beginning of system
46-47
Receipts and disbursements of Division of Insolvent National
Banks to December 31, 1954
207-209, 212
Receivership liquidation to December 31, 1954
207-212
Receiverships terminated, 1865-1954
.__>
207-209
State banks:
In District of Columbia to December 31, 1954
207-209
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years ended December 31, 1934-54
213
Federal Deposit Insurance Corporation (see also Failures of banks):
Classification of insured and uninsured banks, December 31, 1954
34
Federal Reserve notes: Issue and redemption of, in year ended December 31,
1954
37-38
Fiduciary activities of national banks:
By Federal Reserve districts, December 31, 1954
123
Classification of investments under administration segregated according to capital of banks, December 31, 1954__.
124
December 31, 1954, by States
124r-127
December 31, 1954, segregated according to capital groups—
121-122
Statement relative to
28-30
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 31, 1954
146, 147
Government bonds. (See Investments; United States Government securities.)
Holding company affiliates of national banks:
Legislation proposed relative to
24
Number of, December 31, 1954
[
37
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, 1954, by States
160-161
December 31, 1954, by classes of banks
158
December 31, 1936-54
204
National banks:
By size of banks (deposits), December 31, 1953 and 1954
64
Call dates in 1954, summary and by States
26, 69-120
December 31, 1954, by States
168-169
December 31, 1936-54
205
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1954
140-141
INDEX
221
Investments of banks—Continued
National banks—Continued
Losses charged off on—Continued
Year ended December 31, 1954, by States and Federal Ee- Page
serve districts
132-133, 137
Years ended December 31, 1935-54
145
State and private banks: December 31, 1954, by classes of banks
and by States
158, 176-177, 184-185, 192, 196
Legislation enacted:
District of Columbia Credit Unions Act amended to transfer supervision of credit unions to Bureau of Federal Credit Unions, HEW>_
23
Housing Act of 1954 creating Federal National Mortgage Association
authorized national banks to make nonrefundable capital contributions to the association, etc
23
Section 24 of F. R. Act amended by making certain limitations and
restrictions inapplicable to insured loans for soil and water conservation, made by Secretary of Agriculture
24
Section 24 of the F. R. Act amended excepting from the restrictions
or limitations of the section loans in which the Small Business Administration cooperates or purchases a participation under the
Small Business Act of 1954
23
Section 23A, F. R. Act, amended in order to eliminate the statutory
conflict with Section 24A, F. R. Act, with respect to amount a
member bank may invest in securities or other obligations of a corporation engaged solely in owning and operating its bank building
or buildings
23
To authorize national banks to deal in and underwrite consolidated
debentures issued by Central Bank for Cooperatives and regional
banks for cooperatives
24
Legislation proposed:
Relative to bank holding companies
24
Section 24 of F. R. Act be amended to permit national banks to make
amortized mortgage loans not in excess of 20 years, and by extending the maximum duration of residential and farm construction
loans which are not regarded as real estate loans from 6 to 9 months.
22
That directors of national banks may live within 100 miles, instead of
50 miles, of location of bank
22
To permit cumulative voting by the shareholders of national banks
only if provided for in banks' articles of association
22
To provide for not more than three examinations each two-year period
in instances where considered prudent by Comptroller
22
To revise Section 5221, U. S. R. S., to omit requirement that national
banks going into voluntary liquidation publish notice thereof in
newspaper in New York City.
22
Liabilities. (See Assets and liabilities of banks.)
Liquidation of national banks (see also Failures of banks):
Capital, date, and title of banks, in year ended December 31, 1954,
with names of succeeding banks in cases of succession
49-50
Number of banks, in each State, since beginning of system
46-47
Summary, in year ended December 31, 1954
32-33
Litigation involving Comptroller of Currency, pertaining to national banks. 24^-25
222
INDEX
Loans and discounts of banks:
All banks:
Page
December 31, 1954, classification of, by States
164-165
December 31, 1954, classification of, by classes of banks
158
December 31, 1936-54
204
National banks:
By size of banks (deposits), December 31, 1953 and 1954
64
Call dates in 1954, summary and by States
26, 69-120
December 31, 1954, classification of, by States
172-173
December 31, 1936-54
205
Interest and discount earned on:
According to size of banks (deposits), year ended December
31, 1954
139
Year ended December 31, 1954, by States and Federal
Reserve districts
128-129, 136
Years ended December 31, 1952-54
142
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1954
140-141
Year ended December 31, 1954, by States and Federal
Reserve districts
132-133, 137
Years ended December 31, 1935-54
145
Real estate loans of:
December 31, 1954, by States
172-173
Legislation relative to. (See Legislation proposed.)
Reserve for bad debt losses on
2, 172-173
State and private banks: December 31, 1954, classification of, by
States
180-181, 188-189, 194, 198
Losses. (See Earnings, expenses, and dividends of national banks; Failures
of banks.)
Mergers. (See Consolidations and mergers of banks.)
Municipal bonds. (See Investments of banks.)
Mutual savings banks:
Assets and liabilities of: December 31, 1954, by States
192-195
Insured, December 31, 1954
±
34
Uninsured, December 31, 1954
34
National bank circulation:
Outstanding at date of failure, and lawful money deposited to secure
circulation of national banks in charge of receivers, 1865-1954
209
Outstanding December 31, 1954
34
National Bank Examiners. (See Examiners and assistant examiners.)
National banks:
Affiliates of, number, December 31, 1954
37
Assets and liabilities of:
Call dates in 1954, by States
69-120
December 31, 1954, by States
168-175
Principal items of, according to size of banks (deposits), December
31, 1953 and 1954
64
Principal items of, December 31, 1936-54
205
Branches. (See Branches.)
By size of banks, on basis of deposits, December 31, 1953 and 1954_»
64
"Calls" for reports of condition of, dates, 1914-54
66
Capital stock. (See Capital stock of banks.)
INDEX
223
National banks—Continued
Page
Charters granted, in year ended December 31, 1954
47-48
Consolidations. (See Consolidations and mergers of banks.)
Conversions to State banks, in year ended December 31, 1954, list of51
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 affiiliates of, number, December 31, 1954
37
Insolvent. (See Failures of banks.)
Investments. (See Investments of banks.)
Liquidation of, in year ended December 31, 1954
32-33, 37, 49-50
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates in year 1954, by States
69-120
Chartered and closed: Since February 25, 1863
46-47
December 31, 1936-54
205
In existence December 31, 1954, by States
46-47
With surplus fund equal to or exceeding common capital stock
1942-54
65
With surplus fund less than common capital stock 1942-54
65
Officers and employees, number and salaries of:
By size of banks (deposits), calendar year 1954
139-141
Year ended December 31, 1954, by States and Federal Reserve
districts
130-131, 136
Years ended December 31, 1952-54
142
Reports required from in year ended December 31, 1954
36
State banks purchased by, during year ended December 31, 1954,
list of
52
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 1954
139-141
Year ended December 31, 1954, by States and Federal Reserve
districts
130-131, 136
Years ended December 31, 1952-54
142
Organization of national banks:
Charters granted, in year ended December 31, 1954, list of, by States_ 47-48
Charters granted, which were conversions of State banks, in years
ended December 31, 1953 and 1954
48
Number of, by States, from February 25, 1863, to December 31, 1954. 46-47
Summary, in year ended December 31, 1954
32-33
Per capita demand and time deposits of individuals, partnerships, and corporations, in all active banks, December 31,1954, by States
200-201
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1954, by States
160-161
224
INDEX
Possessions:
Assets and liabilities of banks in:
Page
All banks, December 31, 1954
160-167
Banks other than national, December 31, 1954
176-183
National banks, call dates in 1954
70, 80, 116
National banks, December 31, 1954
168-175
Earnings, expenses, and dividends of national banks in, year ended
December 31, 1 9 5 4 . . .
_
- - - 128-135
Per capita demand and time deposits of individuals, partnerships, and
corporations, of all banks in, December 31, 1954
201
Postal savings. (See Deposits.)
Private banks:
Assets and liabilities of: December 31,1954, by States
196-199
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, 1954
36
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,
1954
202-203
State banks purchased by national banks during the year ended December
31, 1954, list of
52
State commercial banks:
Assets and liabilities of, December 31, 1954, by States
184-191
Insured, December 31, 1954
,..
34,202-203
Member banks of the Federal Reserve System, December 31, 1954. .
34,
202-203
Nonmember banks of the Federal Reserve System, December 31,
1954..34,202-203
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1954
34,202-203
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December 31,
1954
202-203
Suspensions. (See Failures of banks.)
Taxes. (See Earnings, expenses, and dividends of national banks.)
Time deposits. (See Deposits.)
Titles of national banks. (See Consolidations and mergers of banks;
Organization of national banks.)
Trends in banking, 1951-54
28
Trust companies. (See State commercial banks.)
Trust powers of national banks. (See Fiduciary activities of national
banks.)
INDEX
225
United States Government securities:
All banks:
Page
December 31, 1954, by States
160-161
December 31, 1954, by classes of banks
158
December 31, 1936-54
204
National banks:
By size of banks (deposits), December 31, 1953 and 1954
64
Call dates in 1954, by States
69-120
December 31, 1954, by States
168-169
December 31, 1936-54
205
State and private banks:
December 31, 1954, by States
176-177, 184-185, 192, 196
December 31, 1936-54
206
Voluntary liquidation of national banks. (See Liquidation of national
banks.)
O
@FedFRASER