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NINETY-THIRD ANNUAL REPORT
OF THE
Comptroller of the Currency
1955
WASHINGTON : 1956
TREASURY DEPARTMENT
Document No. 3200
Comptroller of the Currency
For sale by the Superintendent of Documents, U. S. Government Printing Office
Washington 25, D. C. - Price $1.75 (cloth)
LETTER OF TRANSMITTAL
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington, D. C, June 11, 1956.
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 1955.
Respectfully,
SIRS:
RAY M. GIDNEY,
Comptroller of the Currency.
T H E PRESIDENT OF THE SENATE.
T H E SPEAKER OF THE HOUSE OF REPRESENTATIVES.
HI
ANNUAL REPORT
OF THE
COMPTROLLER OF THE CURRENCY
The year 1955 was a very active one for commercial banks which
were supplying a major portion of the credit necessary to enable
business production and expansion, and individual buying, to reach
record levels in all sectors of the economy, with the exception of
agriculture, and in providing banking services in the form of new
branches or banks to areas favored by population shifts and growth.
The most significant development in banking during 1955 was the
sharp increase in loans amounting to $12 billion in the nation's commercial banks. While loans were increasing, investments were reduced by $7 billion so that the increase in loans and investments of all
commercial banks during 1955 was $5 billion, a smaller expansion
than in 1954 when the net increase in both types of assets aggregated
$10.2 billion. Commercial bank holdings of United States obligations
were reduced by $7.4 billion during 1955 to enable banks to meet
loan demands, and the buyers, to an important extent, were business
corporations which acquired the obligations for temporary investment.
The $7.4 billion of liquidated United States obligations were largely
short term issues. Loans and investments, other than United States
obligations, increased $12.4 billion, the largest growth of any year
since 1950.
Status of Dual Banking System
At the end of 1955, approximately 47 percent of the banking resources in the commercial and savings banks of the nation, and 54
percent of the commercial banking resources, were held by 4,700
national banks. State-chartered mutual savings banks numbering
528 had total resources of $31.3 billion. State-chartered commercial
banks and trust companies, 9,037 in number, held total resources
of $98.1 billion, or about 46 percent of all commercial bank assets.
The dual banking system of the United States held total resources
1
2
REPORT OF THE COMPTROLLER OF THE CURRENCY
of $243.1 billion and was comprised of the following types and categories of banks:
[Figures in millions of dollars]
Type of bank
Members of both the
Federal Reserve Sys- Members of Federal
tem and Federal DeDeposit Insurance
posit Insurance CorCorporation only
poration
Number
National banks
State commercial banks..- _
Mutual savings banks
Total
Total resources
Number
Total resources
Not members of Federal Reserve or Federal Deposit Insurance Corporation
Number
Total resources
4,692
1,848
3
i 113,412
3 65,975
3 27
27
6,691
217
1130
* 29, 628
* 23,431
21
498
308
!208
« 2,478
« 7,816
6,543
179, 414
6,915
53,189
807
10, 502
Recapitulation
Number
National banks
State commercial banks Mutual savings banks
Head offices
Branches
Total banking offices
Branches
Total resources
4 700
9,037
528
3,224
3,600
330
113, 750
98,081
31, 274
14, 265
7,154
7,154
243,105
21,419
21 Supervised by Comptroller of the Currency.
3 Outside continental United States.
4 Supervised by State banking departments and the Federal Reserve System.
Supervised by State banking departments and the Federal Deposit Insurance Corporation.
• Supervised by State banking departments only.
Growth of Financial Institutions
The growth of financial institutions, including savings and loan
associations, during the past 10 years has been at a rapid rate, but
the commercial banks have been less favored owing to higher liquidity
requirements and a less favorable tax status than mutual-type associations. Commercial banks have not found it possible to offer fully
competitive interest rates in seeking time deposits. Kelative growth
is revealed by the following tabulation of 1945 and 1955 year-end
figures:
Financial institutions
[Total resources]
Dec. 31,
1945
Dec. 31,
1955
Percentage
of increase
(In billions of dollars)
Commercial banks-__
Mutual savings banks
Savings and loan associations. _
161
17
9
212
31
38
31.6
82.3
322.2
Status of National Banks
The number .of national banks comprising the national banking
system was reduced from 4,796 to 4,700 during the year as a result
of consolidations, mergers, sales, and a few conversions. The 4,700
national banks, with a small number of relatively unimportant
REPORT OF THE COMPTROLLER OF THE CURRENCY
3
exceptions, are in excellent condition when appraised by the basic
tests of management competency, asset soundness, capital adequacy,
and earning capacity. At the end of 1955, the total assets of national
banks amounted to $113.7 billion, a reduction of $2.4 billion during
the year. Five large national banks consolidated or merged with
State-chartered banks under the charters of the latter during the
year, and at the end of 1954 these 5 banks had total resources of $6.7
billion. Thus the 4,700 national banks continuing in the system
at the end of 1955 increased their resources $4.3 billion. To make
an accurate analysis of the annual progress or trend of the 4,700
banks continuing in the national banking system, the figures of the
5 banks above mentioned have been deleted from the December 31,
1954, totals of resources and liabilities in comparisons in the following paragraphs with similar totals at the end of 1955.
Deposits
The total deposits of national banks amounted to $104.2 billion,
an increase of $3.9 billion for the year. The comparable increase in
1954 amounted to $5 billion. Time and savings deposits of $25.1
billion are included in this figure and reflect an increase of only $832
million over the 12-month period. This is the result, in part, of the
difficulty on the part of commercial banks to compete effectively for
time money against mutual-type associations that are able to offer
higher rates because of tax and other advantages.
Loans
The loans of national banks, net of $672 million of reserves for
bad debts and valuation reserves, amounted to $43.5 billion, up
$6.4 billion during the year. The increase in loans to business and
industry was of outstanding importance during 1955, and such credits
increased $3.7 billion to a total of $18.3 billion, or 41 percent of the
aggregate loans held by national banks.
The residential (1 to 4 family) mortgage debt of the Nation increased $12.7 billion in 1955 and at the end of the year amounted to
$88.4 billion. An increase of $16.4 billion was recorded for all types
of mortgage loans. There were 1,300,000 starts of nonfarm housing,
the dollar value of new building in 1955 amounting to $42.2 billion.
Construction increased 25 percent over 1954. Real estate mortgage
loans held by all types of investors have increased from $36 billion to
$130 billion in 10 years. Farm-mortgage debt amounted to about $9
billion, up 10 percent from the end of 1954. National banks held
real estate mortgage loans at the end of 1954 and 1955 as follows:
[Figures in millions of dollars]
Type
C onventional—residential
Conventional—other properties
Conventional—farm
Insured—FHA
Insured or guaranteed—VA
Dec. 31,
1954
Dec. 31,
1955
Dollar
increase
3 081
1,691
441
2,444
2,065
3 500
1,986
505
2,787
2,242
419
295
64
343
177
9,722
11, 020
1,298
4
REPORT OF THE COMPTROLLER OF THE CURRENCY
The $11 billion of mortgage loans held by national banks amount
to nearly 25 percent of their total loans. The $1.3 billion increase
during the year is equal to 8 percent of the $16.4 billion increase
recorded for all types of mortgage loans during 1955. National
banks must restrict their total investment in real estate mortgage
loans, exclusive
of mortgage loans guaranteed or insured by the
Veterans7 Administration to the extent of 20 percent or more of the
amount of the loan, to 60 percent of time and savings deposits or
100 percent of capital and surplus, whichever is the greater. The
$8.8 billion of mortgage loans which are subject to the provisions
of this statute are equal to 35 percent of the $25.1 billion of time and
savings deposits held by national banks.
Consumer debt of the Nation rose by more than $6 billion in 1955
to a total of about $36 billion of which $12.7 billion was held by
national and State commercial banks. Nearly $28 billion of installment credit is included in this figure and reflects an increase since the
end of World War II from $2.1 billion. Consumer loans of the
installment type and cash installment loans held by national banks at
the end of the year amounted to $6.7 billion or 15 percent of their
total loans, and reflected an increase of $1 billion from the end of 1954.
Automobile installment loans were $3.2 billion, up $821 million for
the year, and equal to 48 percent of all installment loans held by
national banks.
There are various well-known and valid reasons for the large
increase in consumer and installment credit during the past 10 years.
The extent to which this growth has been fostered during the past
12 months by unsound liberalization of downpayment and maturity
terms on the part of some lenders is difficult to assess. Based on the
policies being followed by a large majority of national banks, it should
not be a major adverse factor. The importance of the present total
of consumer debt increases or diminishes, in a credit sense, in direct
relation to the relative soundness of the individual loans, and soundness, in turn, depends heavily on reasonably conservative downpayment and maturity requirements on loans to people who are not
and will not become committed to pay out so heavy a percentage
of their incomes for the liquidation of their debts that the necessary
margin for error is too thin. The principle that the borrower should
by means of his downpayment have a reasonable equity in the
property pledged as security should not be neglected. It follows that
the maturity of the loan should be sufficiently short so that the monthly
payments will protect the initial equity. It became apparent towara
the middle of 1955 that some national banks had initiated practices
which might not meet these fundamental safeguards, and the Comptroller sent the following letter to national banks on July 18, 1955:
In view of recent developments in the field of consumer financing, we are
adding to the examination report forms used by national bank examiners a section
dealing with consumer credit and installment credit. The Board of Governors
of the Federal Reserve System is making a similar addition to its reports. This is
designed to develop better information as to tei ms and conditions of loans in this
field, and also to make readily available to bank officers and directors a summary
of what the examiner finds in this respect as he makes his examination.
It is not intended to imply a criticism of this form of loan, or to suggest a tightening of credit which would prevent the transaction of soundly financed and
desirable business. It is our view that the activities of national banks during
REPORT OF THE COMPTROLLER OF THE CURRENCY
5
recent years in developing this form of credit have been valuable to the banks as a
source of earnings, and beneficial to bank customers and to the economy generally
in facilitating the distribution of consumer durable goods. However, recent
surveys indicate that in some areas there is a tendency to loosen terms under
which this type of credit is granted, particularly in the automobile-financing field,
by extending maturities, and accepting downpayments which, measured in terms
of actual value, are lower than previously had been considered standard. Well
managed banks andfinancecompanies alike will wish to avoid such a development
and will use their influence to keep the business on a sound basis.
The purpose of this letter is to bring to your attention this new means of
covering consumer loans in examination reports.
Commencing on September 1, 1955, national bank examiners were
asked to incorporate the new and more comprehensive data on installment loans in the examination reports of all national and district
banks. A recent survey of these reports covering 2,317 national
banks, large and small, reveals that the required downpayment
percentage and the maturity policies being observed on a "general
rule" basis appear to be, in the great majority of cases, soundly
conceived. However, downpayment requirements that appear
conservative on the surface do not prove necessarily that the policy
in this respect is sound. Overallowance on trade-ins and the inflation
of sales prices by padding or packing devices have taken much of the
meaning, in some cases, out of downpayment percentages. The
amounts of loans and the downpayment percentages should be based
on sound prices which may be measured by the wholesale or dealer's
cost, unless exceptions to such a policy are adequately merited. The
following schedules reveal the findings of the recent survey made of
2,317 national banks:
Recapitulation—percent of downpayment and monthly payment terms on installment
automobile loans required by 2,817 representative national banks
NEW AUTOS
25
20
18 and under
24
. .
30
30
33V3
Over
1
3
10
38
35
11
8
26
43
7
160
1,195
563
180
4
19
11
3
183
1,281
652
201
4
94
84
2,098
37
2,317
36
Total
Total
number of
banks
Percent of downpayment
Term (number of months)
USED AUTOS-LESS THAN 1 YEAR OLD
18 and under
24
30
36
.
Total
1
1
1
9
2
4
3
3
161
376
107
13
46
25
5
1
213
414
117
14
2
12
10
657
77
758
USED AUTOS-1 TO 2 YEARS OLD
18 and under
3
8
20
1
1
9
22
8
1
799
1,020
53
5
149
65
2
968
1,127
64
7
3
30
40
1,877
216
2,166
24
30
36
Total
6
REPORT OF THE COMPTROLLER OF THE CURRENCY
Recapitulation—percent of downpayment and monthly payment terms on installment
automobile loans required by 2,317 representative national banks—Continued
USED AUTOS-a TO 3 YEARS OLD
]Percent
Term (number of months)
25
20
18 and under
24
30
36
of downpayment
Over
30
2
12
6
1
12
16
1
1,235
504
11
1
278
45
3
1,539
571
16
1
2
19
29
1,751
326
2,127
-
Total
Total
number of
banks
USED AUTOS 3 TO I YEAES OLD
18 and under
2
13
3
1
16
8
1,337
192
4
375
24
2
1,743
227
7
2
17
24
1,533
401
1,977
24
30
36
-.
_
Total
USED AUTOS-OVER i YEARS OLD
18 and under
2
9
1
11
1
970
75
1
406
12
1, ?98
89
1
2
10
12
1, 046
418
1, 488
24
30
36
Total
Liquidity
The large increase in loan volume during 1955 reduced the liquidity
of national banks to some extent. At the end of 1954, 82% percent
of demand deposits and 61 % percent of total deposit liabilities were
covered by cash, balances due on demand from correspondent banks,
including reserve balances, and United States Government obligations.
At the end of 1955, 77 percent of demand deposits and 57 percent of
total deposit liabilities were covered by such assets.
Investment Accounts
The investment accounts of national banks in the aggregate amount
of $42.8 billion were, for the first time in many years, less than the
total amount of outstanding loans. $33.7 billion of the investments
were in obligations of the United States Government, $6 billion in the
general obligations of States and their political subdivisions, $2.9
billion of other bonds, largely special revenue, Federal Corporation,
and corporate obligations, and $187 million of Federal Reserve Bank
stock. Obligations of the United States Government were reduced
$4.1 billion and municipal and other bonds were increased $309
million. The following recapitulation by maturities and categories
of issues shows the position of national bank investment accounts
at the end of the year. (Figures on all bonds other than United
States Government issues are taken from most recent reports of
examination.)
REPORT OF THE COMPTROLLER OF THE CURRENCY
7
The range in maturities of United States Bonds, municipal, and
other investment securities held by national banks is of particular
interest in view of the substantial liquidation that occurred in obligations of the United States during 1955 to accommodate increased loan
demands.
Recapitulation by maturities
[United States bonds as of Dec. 31, 1955; municipal and other bonds as of most recent examination reports]
[In millions of dollars]
General
obligation
municipal
bonds
Special
revenue
municipal
authority
and corporate bonds
118,981
11,951
2,758
2,962
1,820
1,271
1,983
477
435
23, 926
14, 248
4,464
33, 690
2 6,053
3 2, 895
42, 638
United
States
bonds
Short term (maturing up to 5 years)
_.
Medium term (maturing between 5 and 10 years)
Long term (maturing after 10 years)
Total
Total
1
2
3
Includes $1,285 million of nonmarketable United States bonds.
Includes $1,239 million of general obligations of States and $600 million of housing authority obligations.
Includes $940 million of special revenue municipal authority obligations and $1,150 million of Federal
Corporation (not guaranteed) bonds.
During the past 2 years there has not been a major change in the
holdings or maturities of general obligation municipal bonds, special
revenue municipal authority obligations, nonguaranteed Federal
Corporation obligations, or corporate bonds, but there has been in the
maturities of United States obligations as is revealed in the following
figures.
[In millions of dollars]
United States bonds
Dec. 31,1953
Shortterm
. _
____
TVTp.riinm tftfTn
Longterm
Total
Dec. 31,1955
26, 833
5,888
2,867
18, 981
11, 951
2,758
35, 588
33, 690
Capital Structure
During 1955 the sale of additional capital stock to further strengthen
capital structures was undertaken and consummated by the managements and shareholders of 215 national banks. These 215 banks
sold new shares of common stock which yielded $151 million of additional funds to augment their capital structures. The shareholders
of 367 national banks, with the approval of the Comptroller, approved
dividends payable in common stock having a total par value of $96
million during the year. During the 10-year period commencing
with the year 1946, 1,544 national banks have completed new capital
sale programs which added $933 million to their capital funds.
At the end of 1955, the capital structures of the 4,700 national
banks amounted to $7,936 million, and their reserves for bad debts
and other valuation reserves to $672 million, or an aggregate total of
8
REPORT OF THE COMPTROLLER OF THE CURRENCY
capital structure and reserves of $8.6 billion. The national banking
system's $8.6 billion of capital funds and reserves is the equivalent
of $1 of capital protection to cover the potential risks involved in
each $5.80 ($5.27 at the close of 1954, $5.43 at the close of 1953)
of loans, municipal and corporate bonds, and other assets remaining
after deducting from its $114.4 billion of total assets, $64.5 billion of
cash or its equivalent, United States Government obligations, and
loans or portions of loans guaranteed or insured by Federal Government agencies. The upward swing to $5.80 per $1 of capital funds
and reserves is accounted for by the large increase in loans during 1955.
The volume of assets in the national banking system considered by
national bank examiners to contain substantial or unwarranted elements of risk continues to be nominal in relation to the protection
offered by capital structures and reserves.
Earnings
The earnings of national banks for the year 1955 were satisfactory.
Net profits after taxes and before dividends amounted to $643.1 million, exclusive of net additions to reserves for bad debts and valuation reserves made from the year's earnings amounting to $88.3 million. Dividends of $309.7 million were paid to shareholders, and net
retained earnings and additions to reserves amounted to $421.7
million.
Net earnings from operations amounted to $1,332 million, equivalent to 1.28 percent of year-end deposits of $104.2 billion, as compared
with 1.16 percent for the year 1954.
After allowing for actual recoveries on assets previously charged off
of $78.1 million, and profits on securities sold of $35.8 million, actual
losses on securities sold of $152.8 million, actual loan losses of $69
million, and actual losses on other assets of $46 million, the national
banking system had net profits of $1,178 million. After deducting
net additions to reserves for bad debts and valuation reserves of $88.3
million, net profits before taxes amounted to $1,089 million. Income
taxes paid amounted to $446.2 million, equal to 33% percent of net
earnings from operations and 41 percent of net profits before taxes.
Net profits after taxes, exclusive of $88.3 million net additions to
reserves, as above noted, amounted to $643.1 million.
While national banks had greater net earnings from operations in
1955 ($1,332 million) than in 1954 ($1,230 million), their net earnings
before taxes, including net additions to reserves, were $202 million
less in 1955, and after taxes were $116 million less in 1955, than in
1954. Net asset losses, after allowing for all bond profits and recoveries, amounted to $153.9 million in 1955, whereas net asset recoveries,
including bond profits and allowing for all asset losses, amounted to
$149 million in 1954. This accounts for the poorer net results in 1955.
The schedule set forth below incorporates further details on this
subject. (An additional detailed commentary on 1955 earnings
appears elsewhere in this report.)
9
REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings, expenses, etc., of national banks for the years ended Dec. 31, 1928, 1953y
1954, and 1955
[""Indicates amounts in millions of dollars]
1928
•Total assets at close of year
•Total capital accounts at close of year
•Gross earnings
Per $100 of assets
Per $100 of capital funds
•Gross expenses
Per $100 of assets
Per $100 of capital funds
•Net earnings from operations
Per $100 of assets
Per $100 of capital funds
•Net asset losses or recoveries (including bond profits, etc.) 1
Per $100 of assets
Per $100 of capital funds
•Taxes (income)
Per $100 of assets
Per $100 of capital funds.—
*Net profits before dividends—.
Per $100 of assets
Per $100 of capital funds
__
.__
•Cash dividends
Per $100 of assets
_
Per $100 of capital funds
•Retained earnings
Per $100 of assets
Per $100 of capital funds
30,259
3,684
1,351
$4.47
$36.69
988
$3.27
$26.83
363
$1.20
$9.86
-72
-$0. 24
-$1.96
_
-
1953
110,117
7,410
3,068
$2.79
$41.41
1,845
$1.68
$24.90
1,223
$1.11
$16.51
-151
~$0.14
-$2.05
(
466
\
$0.42
I $6.28
291
606
$0.96
$0.55
$7.90
$8.18
195
275
$0.64
$0.25
$5.30
$3.71
96
3 331
$0.32
$0.30
$2.60
$4.47
1954
116,151
8,104
3,226
$2.78
$39.81
1,996
$1.72
$24. 63
1,230
$1.06
$15.18
+149
+$0.13
+$1.84
532
$0.46
$6.56
847
$0.73
$10.46
300
$0.26
$3.70
3 547
$0.47
$6.76
1955
113,750
7,936
3,437
$3.02
$43.31
2,105
$1.85
$26.53
1,332
$1.17
$16.78
-154
-$0.14
-$1.94
446
$0.39
$5.62
732
$0.64
$9.22
310
$0.27
$3.90
3 422
$0.37
$5.32
* 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.
2
Total taxes included with gross expenses. Income taxes not called for separately.
s Includes funds transferred to reserve for bad debts and valuation reserves less the amount of assets
charged off against such reserve accounts. Includes $33 million in 1953, $106 million in 1954, and $89 million
in 1955 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.)
Reserve for Bad Debts
At the end of 1955, 2,654 national banks were maintaining reserves
for bad debts totaling $618 million, an increase of $69 million for the
year. These banks held gross loans aggregating $40.3 billion, or 91
percent of all loans of the 4,700 banks in the national banking system.
The total of reserves for bad debts amounted to 1.5 percent of the
gross loans of the 2,654 banks maintaining such reserves.
As pointed out in the Comptroller's annual report for 1954, the
existing formula approved by the Internal Revenue Service for computing the allowable amounts of reserves for bad debts requires each
bank to limit its reserve for bad debts to a percentage
based on its
own loan loss experience for any consecutive 20 years7 period commencing January 1, 1928. This permits the largest reserves in relation to
gross loans outstanding to be established by those banks which
suffered the greatest loan losses in the past. This results in undesirable inequities between banks since the bank that may most need
such reserves, based on its present condition and the caliber of its
management, may be one that is permitted to establish only a relatively small percentage of reserves in relation to its outstanding loans
because of a favorable loss history years ago. There is a need for
a bad debt reserve formula, not limited to the loss history of the
individual bank or group 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 banking hazard
10
REPORT OF THE COMPTROLLER OF THE CURRENCY
against which a reasonable initially tax-free reserve should be established. A suitable and soundly based formula should be adopted to
permit banks to create and maintain reserves by transfers from earnings at a reasonable rate in relation to total loans until a suitable
ceiling is reached, without reference to or as an alternative to a
ceiling based on current or past loss experience. It is believed that
this will require legislative action.
Branch Banking
A record number of applications for de novo branches were filed
with the Comptroller by national banks during 1955. The applications numbered 532 and were dealt with as follows:
Number
Applications approvecL _.
Applications denied
Applications withdrawn..
Applications pending
Total
Percent
339
130
26
37
63.7
24.4
4.9
7.0
532
100.0
On December 31, 1955, 6,824 branch offices were being operated
by 1,677 national and State-chartered commercial banks located in
35 States, which permit branch banking, 6 States where branch
banking is no longer permitted, and in territories and possessions.
Over the 14-year period since December 31, 1941, 3,146 new branch
offices have been established by national and State-chartered banks,
and 1,989 of these new branches (63 percent) have come into being
during the last 5 years. The 6,824 branch offices now in operation
are operated by 12 percent of all commercial banks, State and national; 547 national banks (11.7 percent) are operating 3,224 branch
offices, and 1,130 State-chartered commercial banks (12.4 percent)
are operating 3,600 branches. During the last 3% years, the number
of national banks operating branches has increased from 369 to 547,
and during this same period national banks established 912 new
branches.
Reasons for the large number of new branches being established
are the shift of population to suburban areas and to rapidly growing
States, and the general population growth of the country. Census
Bureau figures reveal that in the last 5 years the total population
growth in the United States was 11.8 million, and this included a
population growth in suburban areas of 9.6 million. Where branch
banking is permitted, the banking needs of growing suburban communities are being served largely through the establishment of branch
offices by banks situated in nearby cities that wish to continue their
business relationships with customers who have moved to the suburbs,
obtain new business, and to further their general policy of entering
more fully into the field of retail banking. The growth of consumer
lending has been a factor of considerable importance in the expansion
of branch banking, and if it were to contract in any important degree,
some branch offices might become unprofitable units.
REPORT OF THE COMPTROLLER OF THE CURRENCY
11
Branch banking under varying types of limitations is now permitted in 35 of the 48 States. Developments in certain of the nonbranch bank and limited branch bank States reveal at least a small
degree of restiveness over branch bank prohibitions and limitations.
As a means of coping with the problem, the attorneys general of
several such States have issued interpretations or rulings that a
separate banking office connected with the main banking office of a
bank by a tunnel, or a pneumatic tube, or even closed-circuit television, may be regarded as a part of the main banking house and,
therefore, will not be considered or construed to constitute a branch
banking office in violation of specific statutes prohibiting or limiting
branch banking or of banking codes that are silent on the subject
of branch banking. A review of these opinions is of interest.
State
Summary of opinion rendered by the attorney general of the State
Alabama
(limited The attorney general of Alabama, in an opinion dated
Apr. 12, 1954, has ruled that it would not be a violabranch banking aution of Alabama banking laws for a bank to construct
thorized by statute).
a drive-in depository across a 20 feet wide alleyway
from the banking house and connected thereto by an
overhead passage-way and an underground conveyor
system.
Arkansas
(limited The attorney general of Arkansas, in an opinion dated
Mar. 7, 1955, has ruled that it would be legal under
branch banking auArkansas law for a bank to place a window on a lot
thorized by statute).
across the street and approximately 80 feet from the
lot occupied by the banking house, the window to be
connected by a pneumatic tube through which
deposits, checks, etc., would be transmitted to a teller
inside the bank for handling, so that all banking
business would be transacted inside the bank.
Colorado (branch bank- The attorney general of Colorado, in an opinion dated
Apr. 15, 1953, has ruled that it would not be in violaing prohibited by
tion of Colorado banking laws for a bank to install a
statute).
consumer credit department across the alley from its
banking quarters and connected thereto by a tunnel
underneath the alley.
Indiana (limited branch The director of the department of financial institutions
of Indiana, with the approval of the attorney general
banking authorized
of Indiana, in an opinion dated Feb. 16, 1953, has
by statute).
ruled that the operation of a banking facility office
located across an alley from the main banking
premises, and connected thereto by a tunnel, would
not be considered a branch operation under Indiana
law.
Iowa (limited branch The State banking board of Iowa, with the approval of
the attorney general of Iowa, in an opinion dated
banking authorized
Mar. 12, 1954, has ruled that a bank may establish
by statute).
a station located half a block plus the width of 2
streets from the banking house, and connected thereto
by a pneumatic tube, the station to be manned by an
attendant who would not make change, cash checks,
or issue drafts or cashiers' checks, but would only
perform the mechanical task of receiving money,
checks, papers, and documents from the customer and
placing them in the pneumatic tube for delivery to
the bank premises proper.
12
REPORT OF THE COMPTROLLER OF THE CURRENCY
State
Summary of opinion rendered by the attorney general of the State
Kansas (branch bank- The attorney general of Kansas, in an opinion dated
Mar. 31, 1954, has ruled that it would not be a
ing prohibited by
violation of the Kansas banking laws for a bank to
statute).
operate a teller window at a location separate from
the bank's immediate premises provided that each
window is in close and immediate proximity to and
connected with the banking office or premises by a
tunnel, corridor or passageway, and such window
enclosure and corridor or passageway are under the
exclusive use and control of the bank and its employees
and not accessible to the general public; and the
business conducted at such window is limited in
scope to the same types of transactions which are
conducted at other teller windows of the bank.
Minnesota
(branch . he attorney general of Minnesota, in an opinion dated
Dec. 14, 1951, has ruled that it would not be a violabanking prohibited
tion of the Minnesota laws prohibiting the mainby statute).
tenance of a branch bank for a bank to operate drivein-tellers' windows located in a building directly
across the street from the banking house, and permanently and structurally attached thereto by a tunnel
suitable for foot passage under the street.
Missouri (branch bank- The attorney general of Missouri, in an opinion dated
Mar. 30, 1949, has ruled that it would not be branch
ing prohibited by
banking for a bank to install a pneumatic tube on a
statute).
parking lot directly across from the bank, where the
bank's customers will be able to place their deposits
in the tube for passage into the bank. Subsequently,
in an opinion dated Aug. 24, 1954, the attorney
general stated that a factual situation involving placing an attendant at the drive-in facility to assist the
bank's customers did not differ materially from that
upon which the opinion of Mar. 30, 1949, was based,
and, therefore, that type of operation would not be
branch banking.
N e b r a s k a (branch The attorney general of Nebraska, in an opinion dated
June 3, 1954, has ruled that a bank may install and
banking prohibited
operate a drive-in teller's cage across the alley from
by statute).
the main banking quarters on property owned by the
bank where deposits may be delivered and checks
delivered for payment and be transmitted to the bank
through a pneumatic tube system where the deposits
are entered in the bank and a record is made and the
deposit slip or money for the payment of the check
returned to the drive-in teller's cage and then to the
customers.
Oklahoma (State stat- The attorney general of Oklahoma, in opinions dated
Nov. 18, 1953, Apr. 14, 1955, Oct. 12, 1955, and Dec.
utes silent on sub29, 1955, has ruled that a bank may establish and
ject of branch bankoperate within the city or town in which it is located
ing).
1 or more tellers' windows directly connected to the
main banking house by pneumatic tubes; and that
such drive-in facilities may be established within the
same municipality some 4,000 feet from the bank's
regular banking house but connected thereto by closed
circuit or private wire television and a direct wire
communication system, without such drive-in facilities
constituting branch banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY
State
13
Summary of opinion rendered by the attorney general of the State
South Dakota (limited The attorney general of South Dakota, in an opinion
branch banking audated Aug. 2, 1954, has ruled that a small building
thorized by statute).
staffed with 1 or 2 tellers but no officers, located
diagonally across the street and an alley from the
banking house, and connected thereto by a tunnel
would not constitute a branch bank or branch office,
but would be an enlargement of the present bank
building; however, if the building were connected to
the banking house, only by a pneumatic tube, it could
not be regarded as constituting an extension or enlargement of the banking house.
Texas (branch banking The attorney general of Texas, in an opinion dated Apr.
prohibited by con26, 1950, has rules that it would not contravene the
stitution of State).
provisions of Texas law for a bank to construct a
garage building containing a drive-in deposit window
or windows directly across the street from its banking
house, and connected thereto by a tunnel suitable for
passage back and forth, but that the 2 structures will
in reality be 1 and will constitute the banking house.
Wyoming (State stat- The attorney general of Wyoming, in an opinion dated
utes silent on subMay 12, 1955, has ruled that a bank may be permitted
ject of branch bankto operate an office for the purpose of cashing checks,
ing).
receiving deposits, and issuing travelers' checks in
another locality within the corporate limits of the city
or town in which it is chartered to do a banking business even though there is no physical connection between the 2 offices.
National banks operating in the States noted above, with the
exception of Wyoming, have been permitted to establish offices similar
to those permitted State-chartered banks under the respective opinions
of the attorneys general; these offices have been considered by the
Comptroller to be integral parts of the banks' main offices and not
branch offices. Up to the present time, the office of the Comptroller
has not seen its way clear to permit national banks to take advantage
of the opinion of the attorney general of Wyoming, nor that portion
of the opinion of the attorney general of Oklahoma approving offices
connected only by closed-circuit television, because of a doubt that
such action would be in compliance with the requirements of the
Federal branch banking statutes.
In one State, Michigan, the attorney general has issued an opinion
at variance with those set out above.
Michigan
The attorney general of Michigan, in an opinion dated
Nov. 25, 1955, has ruled that it would constitute
branch banking under Michigan law for a bank to
establish a structure for the purposes of performing
banking activities usually ascribed to branch banks,
if the structure would be separated from the banking
house by a physical barrier such as a street or public
alley or business building located on property not
owned by the bank and devoted to other commerce,
even though such structure was connected to the main
bank building by a tunnel or by a tube.
In addition to the rulings by the various attorneys general, the
legislatures of 2 States which prohibit branch banking and 1 State
having limited branch banking have enacted legislation permitting
389422—56
14
REPORT OF THE COMPTROLLER OF THE CURRENCY
the operation of separate facilities in close proximity to the banking
house.
Florida (branch bank- The legislation adopted in Florida provides that a bank
may operate a drive-in facility to serve patrons in
ing prohibited bymotor vehicles provided that the facility is a part of
statute) .
or adjacent to the main banking room, that there is a
physical connection with the main banking room and
the facility, and that there will be a private connecting
doorway or private enclosed secure passageway connecting the main banking room and the facility enabling tellers to pass between the facility and main
banking room without coming in contact with the
public.
Illinois (branch bank- The legislation adopted in Illinois provides that a separate place at which a bank's business is conducted
ing prohibited by
shall not be deemed to be a branch if such place is
statute).
adjacent to and connected with the main banking
premises, or if it is separated from such main banking
premises by not more than an alley; provided that if
the place is separated by an alley from the main banking premises there must be a connection between the
two by public or private way or by subterranean or
overhead passage, and if the place is in a building
not wholly occupied by the bank, it must not be within
any office or room in which any business other than
that of the bank is conducted or carried on.
New Jersey (limited The legislation adopted in New Jersey provides that a
bank may establish one auxiliary office which shall not
branch banking aube deemed a branch office as an adjunct to each of
thorized by statute).
its banking offices, that no auxiliary office shall be
established or maintained at a location which is more
than 1,500 feet from the office of the bank, and that
no business shall be transacted at an auxiliary office
other than the receipt of deposits of currency, checks
and other items, the payment of withdrawals, the
cashing of checks, drafts, and other items, the receipt
of monies due to the bank, and the issuance of cashier's checks, travelers' checks, and money orders.
In Florida and New Jersey national banks have been permitted to
establish offices similar to those permitted State-chartered banks. In
Illinois the legislation will not become effective until it has been
approved by a referendum of the people in November 1956.
Bank Consolidations, Mergers, Sales
A variety of causes, as outlined in detail in the 1954 annual report,
have resulted in an increased number of bank consolidations and
mergers since the end of World War II and particularly during the
last 6 years. This trend continued in 1955 and resulted in the absorption of (1) 74 national and 52 State banks by 118 national banks,
(2) 47 national banks by 46 State banks, and (3) 52 State banks by
about the same number of other State banks, by means of consolidation, merger, and purchase. The following schedule contains pertinent
details of these transactions.
15
REPORT OF THE COMPTROLLER OF THE CURRENCY
Consolidations, mergers, purchases—1955
Number
of banks
Total
deposits
Type
Total
capital
structure
Millions of dollars
49
24
25
28
National banks consolidated or merged with and into 41 national banks—
State banks consolidated or merged with and into 24 national banks
National banks purchased by 25 national banks
___
State banks purchased by 28 national banks
_
1,112
248
202
155
192
20
17
10
Approved by Comptroller of Currency
126
___
1,717
239
36
11
52
National banks consolidated or merged with and into 35 State banks
National banks purchased by 11 State banks
State banks consolidated, merged or purchased with or by about the same
number of State banks
6,032
197
536
19
99
Approved by State banking departments.
6,666
555
8,383
794
225
__
__
Grand totaL
_
1437
(?)
* Total resources.
Conversions—1955
Deposits
Number (in millions
of dollars)
State banks converted into national
banks.
National banks converted into
State banks.
Total
Capital structure (in millions of dollais)
8
60.2
4.7—converted into 8 national banks.
4
19.5
2.0—converted into 4 State banks.
12
79.7
6.7
The shareholders of the 73 banks consolidated or merged with and
into 65 national banks received cash and book value stock of the continuing banks aggregating $218,086,266 or $5,886,266 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 0.43 percent of the aggregate deposits acquired by the continuing
banks. On an estimated or fair-valuation basis, the shareholders of
the 73 absorbed banks contributed assets having an estimated value,
in excess of liability to creditors, of $228,031,266 and received cash
and fair-value stock of the continuing banks aggregating $240,722,755
or $12,691,489 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 an estimated or fair-value appraisal
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 0.93 percent of the aggregate deposits acquired by the
continuing banks.
The shareholders of the 53 national and State banks that were purchased by 53 national banks received $35,034,828 in cash, or $7,399,901
in excess of the book value of the selling banks' aggregate capital struc-7
tures. This amounts, on the average, to 2.07 of the selling banks
deposit liabilities.
16
REPORT OF THE COMPTROLLER OF THE CURRENCY
Over the 6-year period from January 1, 1950, to December 31, 1955,
the Comptroller's Office approved the acquisition by national banks of
231 other national banks and 229 State-chartered banks through consolidation, merger, or sale, and saw 153 national banks absorbed by
State-chartered banks after approval by the governing State banking
department. The latter also approved consolidations, mergers, and
sales involving the absorption of 217 State banks by other State banks.
The following table shows the number of banks which have been
absorbed since 1950, and their total resources.
Data on consolidations, mergers, purchases and sales, and conversions—1950 to
Dec. 81, 1955
Number
of banks
85
29
117
231
80
13
136
229
Total resources (in
millions of
dollars)
Type
National banks consolidated with and into other national banks
National banks merged with other national banks
National banks purchased by other national banks..
1,285
1,021
1,186
_
3,492
Total
State-chartered banks consolidated with and into national b a n k s . .
State-chartered banks merged with national banks
_
State-chartered banks purchased by national banks,
___
Total....
2,585
460~ Approved by Comptroller of the Currency
_
6,077
78
75
217
National banks consolidated or merged with State-chartered banks
National banks purchased by State-chartered banks
State banks merged, consolidated, or purchased with or by other State-chartered
banks
370
Approved by State banking departments.
830
1,642
213
730
Total for absorbed banks
_„_
8,119
822
3,590
12, 531
18,608
Conversions—1950 to Dec. 31, 1955
National banks converted into State-chartered banks
State-chartered banks converted into national banks
154
297
The Nation's commercial banking needs, apart from mutual savings
banks, are served by 13,737 national and State commercial banks that
operate 6,824 branches, or a total of 20,561 banking offices. The
13,737 commercial banks serve the banking needs of over 165 million
people. This means that on an average there is 1 commercial bank for
each 12,000 of population, and, if branch offices are added, there is 1
banking office for each 8,025 of population. The population of the
United States at the time of the 1950 census was 64 percent urban and
36 percent rural. During the last 5 years the population growth of
11.8 million included a population growth of 9.6 million in suburban
areas of large cities. This growth has been taken care of largely by the
establishment of branch banks. Over the 14-year period since December 31, 1941, 3,146 new branches were established, and 63 percent of
these new branches (1,989 of them) have come into being during the
last 5 years.
On December 31, 1941, there were 14,423 national and State commercial banks. Fourteen years later, at the end of 1955, this figure
REPORT OF THE COMPTROLLER OF THE CURRENCY
17
had been reduced by 686 banks to the present total of 13,737, but the
number of banking offices had increased from 18,055 to 20,561.
At the end of 1941, the 100 largest commercial banks held 55.3 percent
of the deposits held by all commercial banks. At the end of 1955, the
100 largest commercial banks held 46.8 percent of the total deposits
held by all commercial banks. Using a different type of comparison,
and including only national banks, at the end of 1940 there were only
90 national banks out of 5,150 such banks that had total resources in
excess of $50 million and these 90 banks held 63 percent of all the
resources in the national banking system. At the end of 1955 there
were 280 national banks out of 4,700 such banks with resources in
excess of $50 million and these 280 banks held 69 percent of all the
resources in the national banking system. It is apparent from these
figures that the group of 100 largest commercial banks hold a smaller
percentage of the Nation's banking resources today than was the case
14 years ago, and that there is a greatly increased number of fairly
large banks to compete effectively against the top group composed
of the 100 largest banks. Competition in banking is as keen or keener
today than at any time in our history.
The increased number of bank consolidations and mergers has given
rise to some apprehension that desirable levels of competition in
banking might not be maintained unless legislation were enacted
requiring that full consideration be given to the competitive aspects
of such transactions prior to their being approved by the Federal
official having jurisdiction. The President of the United States in
his January 1956 economic report to Congress (p. 79) recommended
that legislation be enacted which would extend Federal regulation to
all mergers of banking institutions.
The consolidation and merger of banks or the absorption of banks
by the purchase of their assets and the concurrent assumption of their
deposit liabilities by other banks are in the form of asset acquisitions
rather than stock acquisitions and do not come within the prohibitions
and limitations of section 7 of the Clayton Act (15 U. S. C. 18). That
statute prohibits corporate mergers where there may be a substantial
lessening of competition or a tendency to create a monopoly and
applies to the acquisition of bank stocks but not to the acquisition
of bank assets. Insofar as that statute is applicable to banks (bank
holding companies frequently use the stock acquisition method to
expand) it is administered by the Board of Governors of the Federal
Reserve System with concurrent jurisdiction in the Department of
Justice.
Even though that statute does not apply to bank asset acquisitions
it has been the practice of the Comptroller in passing upon proposed
transactions requiring his approval to consider their competitive
aspects. When approval is requested for any of these transactions,
the proposal is examined in the light of what is regarded as the Comptroller's primary duty—to exercise the responsibilities placed upon
him in such a way as to promote a strong and sound national 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. Among the things which are first considered
in connection with such proposals is the effect upon the soundness of
the national banking system, the effect upon the convenience and,
18
REPORT OF THE COMPTROLLER OF THE CURRENCY
needs of the community concerned, the effect upon the particular
banks involved, whether the resulting institution will be capably
managed, soundly capitalized and in a sound asset condition, and
whether the plan is fair and equitable to the stockholders of each of
the banks. If it is decided that the proposal may be approved on
the basis of these factors, consideration is then given to the effect
which its consummation will have upon competition in the area; i. e.,
whether the effect thereof in any section of the country may be harmful
through lessening of competition unduly. In making this determination the more important factors considered would include the
following:
1. The number, and the capital structure, deposits, and loans, of
banks operating in the city and area served. A comparison of the
projected percentage of total banking resources in the field of
operations to be held by the merged bank with those of competing
banks provides one basis for determining the possible effect of the
merger on banking competition.
2. The lending activities of the merging banks. A comparison
of the lending policies and a comparison of the character and volume
of loans to manufacturers, commercial enterprises, farmers, brokers,
home owners and consumers, and the extent to which the banks
have common borrowers provide an insight into the extent to which
the merger might lessen competition in the loan field.
3. The deposit structure of the banks involved. The relative
volume of demand, savings and public fund deposits; the character
of those deposits such as deposits of banks, corporations, small
business enterprises, farmers, and individuals, the amount of the
average deposit; and the number of common depositors, aid in
disclosing the extent to which the merger might lessen competition
in the deposit field.
4. The geographic distribution of any branch offices of the
merging banks as related to the extent of existing competition
between those branches and the competition that would be provided
by other banks if the merger were to be approved.
5. The extent of the activities of the banks in trust department
business. The comparative volume of the assets of the trust
departments of the merging banks, the relative volume of their
fiduciary activities ia the various fields such as pension and profit
sharing, agency, court, testamentary, corporate, and other fiduciary
activities, and the number of accounts in common, give an insight
into the extent to which the merger might lessen competition in the
trust field.
6. A comparison of interest rates on loans and deposits and
service charges of the merging banks, and also a comparison in
these respects with competing banks which would remain if the
merger were to be approved.
7. The extent to which lending institutions other than banks are
a factor of importance in supplying the credit needs of the section
and as such may be considered as providing competition to banks.
In varying degrees each of the above factors relating to competition
has a bearing on whether a proposed acquisition of assets might
substantially lessen competition or tend to create a monopoly. If the
REPORT OF THE COMPTROLLER OF THE CURRENCY
19
competitive factors might appear unduly to lessen competition, these
factors would need to be balanced against the elements of desirability
or need that may be present in the banking factors in arriving at a
final decision. If the proposed asset acquisition fails to meet reasonable banking standards, the Comptroller's approval would be withheld
on that point alone.
Several bills have been introduced in Congress designed to prohibit
asset acquisitions in the form of bank consolidations, mergers, or purchases if there might result a substantial reduction in competition or a
tendency to create a monoply. At least 2 of these bills, H. R. 2115
and H. R. 6405, would achieve this goal through an amendment to the
banking statutes with jurisdiction being placed in the 3 Federal bank
supervisory agencies. Two of the bills, H. R. 5948 and H. R. 9424,
would achieve this goal by amending section 7 of the Clayton Act to
bring asset acquisitions by
banks within its scope. H. R. 9424 would
also require that 90 days7 notice of a proposed acquisition of bank stock
or bank assets be given to the Board of Governors of the Federal
Reserve System and the Attorney General where the combined capital, surplus, and undivided profits of the acquiring and acquired corporations are in excess of $10 million. H. R. 5948 and H. R. 9424
have both been passed by the House of Representatives, but neither
has yet been acted upon by the Senate. Under these bills the Board
of Governors of the Federal Reserve System would have jurisdiction
to determine whether in any proposed bank consolidation, merger, or
purchase there might result a substantial lessening of competition or
a tendency to create a monoply. There would be concurrent jurisdiction in the Department of Justice.
The Comptroller does not favor the technical method of H. R. 5948
and H. R. 9424, nor the jurisdictional scope that would be achieved
by their enactment. Banking is a supervised and regulated industry,
and our dual banking system is one composed of well designed checks
and balances that have been the outgrowth of long and, at certain
periods in our history, unhappy experience. They may seem complicated but these checks and balances that comprise our dual banking
system in the form of (1) a national banking system under the Comptroller of the Currency, but with the requirement that all national
banks located in the continental United States must be members of
the Federal Reserve System and of the Federal Deposit Insurance
Corporation, and (2) 48 separate and distinct State banking systems
under the supervision of State officials, and whose banks may or may
not choose to apply for membership in the Federal Reserve System
and the Federal Deposit Insurance Corporation, assure an aggressive
and progressive climate for banking which rebounds to the benefit
of the public. State banks which are accepted for membership in the
Federal Reserve System must be insured by the Federal Deposit Insurance Corporation and are examined and supervised by the Federal
Reserve Banks in addition to the primary supervision given by the
respective State government officials. State banks which are not
members of the Federal Reserve System but are members of the
Federal Deposit Insurance Corporation are examined and supervised
by that corporation in addition to the primary supervision of the
State government officials. Only the State banks that are neither
members of the Federal Reserve System nor the Federal Deposit In
20
REPORT OF THE COMPTROLLER OF THE CURRENCY
surance Corporation, and there are only 498 of such institutions in the
United States with less than \% percent of the country's commercial
banking resources, have no form of Federal bank supervision.
It will be appreciated that the powers of the 3 Federal bank supervisory agencies as between themselves, and the powers of the Federal
Reserve System and the Federal Deposit Insurance Corporation in
relation to those of the 48 State banking departments, require delicate
balance plus a large measure of cooperative good will to function with
complete effectiveness. That is the present status.
Under existing statutes, the Comptroller of the Currency is required
to approve or deny all consolidations, mergers, and purchases where the
continuing or acquiring bank is a national bank. The 48 State banking departments occupy a similar position where the continuing or
acquiring bank is a State-chartered institution. However, if the continuing or acquiring State-chartered bank is a member of the Federal
Reserve System, and7 a diminution is to occur in the combined total
of the merging banks capital or surplus, the approval of the transaction by the Board of Governors of the Federal Reserve System is also
required. If the continuing or acquiring State-chartered bank is not
a member of the Federal Reserve System, but is insured by the Federal Deposit Insurance Corporation, and the combined total of the
merging banks7 capital or surplus will be reduced, the approval of the
Federal Deposit Insurance Corporation is also required to the
transaction.
H. R. 5948 and H. R. 9424 would cut across all of these fields of
authority without distinction and vest in the Board of Governors of
the Federal Reserve System, with concurrent jurisdiction in the Department of Justice, the entire responsibility of determining in every
type of bank consolidation, merger or purchase whether the competitive aspects are such that it must be disapproved. We do not believe
that this can fail to have injurious and far-reaching effects on our
dual banking system. It gives the Federal Reserve System complete
dominance in this part of the field of banking supervision, a position
it has publicly stated it does not desire, and adds the Department of
Justice as an additional Federal agency with which the 48 State
banking departments would have to coordinate in their supervisory
duties. Moreover, in effect, it would require merging banks to
secure the approval in every case of at least 2, and in some cases of
3 or even 4 Federal agencies.
It is the view of the Comptroller that it is desirable that there
should be Federal banking legislation which would formalize the
consideration of competitive factors in bank mergers now given by
the supervisory agencies. While, as stated above, the Comptroller
does consider competitive factors in national bank mergers and has
rejected some proposals on this basis, it is preferable to have authority
in this respect made statutory. If legislation is enacted which
would require Federal consideration of competitive factors in bank
mergers, the consideration of those factors should be placed in the
banking agencies which have an expert knowledge of the banking industry, and which have, it is believed, worked out satisfactory methods of
coordinating their activities with those of State banking officials.
It is the view of the Comptroller that healthy competition is important in banking and should be maintained and encouraged, However,
21
OF THE COMPTROLLER OF THE CURRENCY
it is believed that it is in the best interests of the public as well as that
of banking that competitive factors alone should not necessarily be
conclusive as would be the case if H. R. 5948 or H. R. 9424 were
adopted, but that those factors should be weighed in conjunction
with banking factors in order to arrive at sound decisions. The
banking supervisory agencies, whose officials are intimately familiar
with banking in all its phases, including competition, throughout
the United States, are in a position to do this. Accordingly, it is
recommended that any legislation enacted by Congress to require
consideration of competitive aspects of bank mergers be in the form
of an amendment to the banking statutes and not an amendment to
the Clayton Act.
It is recommended also that Clayton Act language should not be
used with respect to banks, as greater flexibility is needed in the
case of banks than in the case of industrial corporations generally,
and that any legislation enacted should require the approving bank
supervisory agency to take into consideration whether the effect of
a particular merger or other form of asset acquisition might be to
lessen competition "unduly" or to tend "unduly" to create a monopoly. The use of the word "unduly" is desirable because its interpretation is slightly broader than that of the word "substantially"
and its use would give the banking agencies needed flexibility. There
will be circumstances in which a bank merger may be desirable in
the entire public interest even though it might incidentally result in
a "substantial" but not an "undue" lessening of competition.
New Charters to Organize National
Banks
Seventy-one applications to organize new national banks were
filed during 1955. Approval was given to 38 applications, 23 cases
were denied, 2 were abandoned, and 8 were pending. The 38 approved
cases have resulted or will result in the organization of new national
banks in the following States.
State:
California
Florida
Georgia
Illinois
Missouri
Montana
New York
Ohio
Number of
new banks
1
13
1
5
1
1
1
1
Number of
new banks
State:
Oklahoma _
Pennsylvania
South Dakota __
Texas
Washington
Total
_ _
1
1
1
9
2
-_
38
Outmoded Articles oj Association
During the summer of 1954 it was thought desirable to write to
those national banks operating under outmoded and obsolete articles
of association and suggest that a set of modern articles, approved
by the Comptroller, be presented to their shareholders at an annual
or special meeting for their required statutory approval. Of the
466 national banks so notified, 321 of the banks had taken the required steps at the end of 1955 to provide modern articles; 42 additional banks have indicated their intention to take such action at a
reasonably early date.
22
REPORT OF THE COMPTROLLER OF THE CURRENCY
Legislation Proposed
During the past year there were several legislative proposals which
would amend the national banking laws but which have not thus
far been enacted.
The Comptroller has recommended to the Congress legislation
(S. 3629) which would permit national banks to make 18-month
construction loans to finance the construction of commercial or industrial properties, provided that there is a firm take-out commitment
from a financially responsible lender. This legislation would also
increase the aggregate limit on construction loans which are not
regarded as real-estate loans but are classed as ordinary commercial
loans, from 50 percent of capital to 50 percent of capital and surplus.
It is the purpose of the proposed changes to enable national banks
to make safe and desirable loans on the basis of security which they
are now unable to accept and to enable them better to compete with
State banks in this field of financing. A proposal to this effect was
adopted by the Senate during 1955 as an amendment to other legislation, but was not accepted by the House of Representatives.
The proposed legislation would also liberalize the powers of national
banks to lend on the security of real property leaseholds. The present
law permits national banks to lend on a leasehold (1) under a lease
for not less than 99 years which is renewable, or (2) under a lease
having a period of not less than 50 years to run from the date the
loan is made or acquired. It is proposed to permit national banks
to lend on the security of a leasehold under a lease having not less
than 10 years to run beyond the maturity date of the loan. The
present restrictions on lending on leaseholds are unduly restrictive.
The Comptroller has also recommended to the Congress legislation
(S. 2996) which will eliminate the requirement that national banks
notify this office of declarations of dividends. These reports no longer
serve a useful purpose and it is desirable to relieve national banks of
the unnecessary burden of furnishing them. This proposed legislation
would also change from 5 to 10 days the period allowed national
banks in which to furnish call reports to the Comptroller of the
Currency. Five days is usually too short a period for banks to compile
the necessary data in the proper form.
There has been introduced in Congress legislation (S. 256) 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 a national
bank can best be operated when there is a high degree of unity in the
directorate, and that the successful operation of any bank depends
upon confidence—confidence of stockholders in the management,
confidence of different members of the management body in each
other, and confidence of the depositors and the community in the
bank as an organization. Confidence is not engendered by having a
minority group force itself on the directorate of a bank by the use
of the cumulative voting provision, thereby lessening the mutual
confidence of the directorate, and, in some cases, the confidence of the
community in the bank. For this reason the Comptroller favors
the proposed legislation. This proposed legislation has been passed
REPORT OF THE COMPTROLLER OF THE CURRENCY
23
by the Senate but has not been acted upon by the House of Representatives.
Several bills have been introduced in Congress which would permit
national banks to underwrite eligible revenue bonds up to their
10 percent limit. No position has been taken on this proposed legislation.
Legislation Enacted
Public Law 266 of the 84th Congress, approved August 9, 1955,
amended section 5221 of the Revised Statutes to eliminate the requirement that national banks going into voluntary liquidation must
publish notice of that fact in a newspaper published in the city of
New York. This legislation was enacted at the recommendation of
the Comptroller of the Currency.
Public Law 343 of the 84th Congress, approved August 11, 1955,
amended section 24 of the Federal Reserve Act (1) to permit national
banks to make amortized mortgage loans having a maturity in excess
of 10 years but not in excess of 20 years, provided that 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; (2)
to permit national banks to make amortized mortgage loans in amounts
up to 66% percent of the appraised value of the real estate offered as
security rather than the former 60 percent; and, (3) to extend the
maximum duration of residential and farm construction loans which
are not to be regarded as real estate loans from 6 to 9 months. The
Comptroller of the Currency recommended legislation to extend the
maximum duration of amortized mortgage loans to 20 years, and to
extend from 6 to 9 months the maximum duration of residential and
farm construction loans. The increase in percentage of appraised
value was not objected to by the Comptroller of the Currency although
that change was not included in his initial recommendations.
Public Law 496 of the 84th Congress, approved April 27, 1956,
amended section 5146 of the Revised Statutes to require that twothirds, instead of the former three-fourths, of the directors of national
banks must reside, and must have resided for at least 1 year preceding their election, within the State in which the bank is located
or within 100 miles, instead of the former 50 miles, of the bank. This
legislation was enacted at the recommendation of the Comptroller
of the Currency.
Public Law 502 of the 84th Congress, approved April 30, 1956,
amended section 5240 of the Revised Statutes, which requires the
Comptroller of the Currency to examine every national bank twice
in each calendar year, to permit the Comptroller to waive 1 of the
required 2 examinations. The Comptroller may not, however, waive
an examination with respect to any particular bank more frequently
than once in any 2-year period. The legislation also permits assessments for examinations to be made upon the banks in proportion to
their assets and resources on dates to be determined by the Comptroller rather than at the dates of examinations, and permits the
Comptroller to assess against national banks having trust departments the expense of examinations of those departments. This
legislation was enacted at the recommendation of the Comptroller
of the Currency.
24
REPORT OF THE COMPTROLLER OF THE CURRENCY
Amendment, Section 10 (c), Regulation F
During the year 1955 the Board of Governors of the Federal Reserve System amended section 10 (c) of Regulation F governing the
exercise of trust powers by national banks so as to permit the commingling or collective investment of trust funds of pension, profitsharing or stock bonus plans held by the national bank as fiduciary,
where such commingling or collective investment is authorized by
the provisions of the governing trust instrument.
Under the provisions of section 17 of Regulation F, national banks
are authorized to establish common trust funds for the collective investment of funds of individual trust accounts. Participation in
common-trust funds by any one individual fiduciary account is limited to $100,000. As this limit was not considered sufficient or desirable for the administration of pension, profit-sharing, or employeebenefit trusts, section 10 (c) was amended to permit the collective
investment for these accounts without requiring the use of a commontrust fund under the provisions of section 17.
Several national banks have by resolution of their board of directors established commingled trusts under section 10 (c), as amended,
for the collective investment of funds of pension, profit-sharing, and
employee-benefit trusts. The plans thus established may be joined
by various corporations within the provisions and requirements of
the initial plans as adopted. To join such a commingled plan, a
bank or other corporation, by resolution of its own board of directors,
adopts a pension or welfare plan with specific provision for joining
the trust already established and in operation in the trustee bank.
Statistics have not been sought as to the number of such plans
currently in operation in the trust departments of national banks or
the number of participating pension and welfare accounts in such
plans. It is believed that the commingled plans for collective investment under section 10 (c) of Regulation F, as amended, constitute
only a very small proportion of the pension, profit-sharing, or welfare
accounts under administration in national bank trust departments at
the present time. By a contemplated revision in the report of examination of trust departments, the volume of commingled pension trusts
in each national bank will be reported to our office.
Bank Holding Company Legislation
Public Law 511 of the 84th Congress, approved May 9, 1956, enacted into law the Bank Holding Company Act of 1956. Thus bank
holding company legislation, which has been under consideration by
Congress for many years, and which has been favored in general by
the Comptroller of the Currency, has been adopted.
The act defines bank-holding company to include any company
which owns or controls 25 percent or more of the voting stock of each
of 2 or more banks, or of a bank-holding company, and it requires
all bank-holding companies to register with the Board of Governors
of the Federal Reserve System within 180 days after enactment of
the legislation or within 180 days after becoming a bank-holding
company.
TTnoW thp, not
without, thp. -nrior fl.nnrovfl.l of tViA TloRrrI no r.orn-
REPORT OF THE COMPTROLLER OF THE CURRENCY
25
pany may (1) acquire direct or indirect ownership or control of any
voting shares of any bank which will make its ownership of such
shares exceed 5 percent of the voting shares of the bank; (2) acquire
all or substantially all of the assets of a bank unless the bank-holding
company is itself a bank; or (3) merge or consolidate with any other
bank-holding company; nor may a subsidiary of a bank-holding company other than a bank acquire all or substantially all of the assets
of a bank, without the prior approval of the Board. Upon the receipt
of an application for approval of any such transaction, the Board is
required to give notice to the Comptroller of the Currency if a national bank is involved, or to the appropriate supervisory authority
of the interested State if a State bank is involved, and to allow 30
days within which the views and recommendations of the Comptroller of the Currency or the State supervisory authority may be
submitted. If either of these officials disapproves the application the
Board is then required to hold a hearing, and to grant or deny the
application on the basis of the record made at the hearing. No application may be approved by the Board which will permit any bankholding company or any subsidiary thereof to acquire any voting
shares of, interest in, or substantially all the assets of any additional
bank located outside the State in which the holding company maintains its principal office and place of business or in which it conducts
its principal operations unless the acquisition of the shares or assets
of a State bank by an out-of-State holding company would be specifically authorized by the statute laws of the State in which the bank
is located.
In determining whether or not to approve any acquisition of assets
or merger or consolidation for which its approval is required by the
act, the Board must take into consideration the following factors: (1)
The financial history and condition of the company or companies
and the banks concerned; (2) their prospects; (3) the character of
their management; (4) the convenience, needs, and welfare of the
communities and the area concerned; and (5) whether or not the
effect of such acquisition or merger or consolidation would be to expand the size or extent of the bank-holding company system involved
beyond limits consistent with adequate and sound banking, the public
interest, and the preservation of competition in the field of banking.
No bank-holding company may, under the provisions of the act,
acquire direct or indirect ownership of any voting shares of any company which is not a bank, nor may it retain after 2 years from the
date of enactment of the act direct or indirect ownership or control
of any voting shares of any company which is not a bank or a bankholding company, nor may it engage in any business other than that
of banking or managing or controlling banks or furnishing services to
or performing services for its subsidiary banks. There are some
exceptions to this prohibition.
Under the act no bank may invest any of its funds in the capital
stock or obligations of its parent bank-holding company or any subsidiary thereof, nor accept such shares or obligations as collateral
security, nor make any extension of credit to its parent bank-holding
company or any other subsidiary of the parent bank-holding company.
The act amends the Internal Revenue Code of 1954 to permit a
bank-holding company to distribute to its stockholders the property
26
REPORT OF THE COMPTROLLER OF THE CURRENCY
required to be disposed of, or the property by reason of the ownership
of which the company is a bank-holding company, without recognition of gain to the stockholders. This distribution may be either
direct or by means of transferring the assets to a newly created corporation and distributing the stock of that corporation to the stockholders of the bank-holding company.
The Board is authorized to issue such regulations and orders as
may be necessary to enable it to administer and carry out the purposes of the act and to prevent evasions thereof.
Any party aggrieved by any order of the Board under the act
may obtain judicial review by the .appropriate United States Court of
Appeals.
Any company which willfully violates any provision of the act or
any regulation or order issued by the Board pursuant to the act may
be fined not more than $1,000 for each day during which the violation continues, and any individual who willfully participates in a
violation of any provision of the act may be fined not more than
$10,000 or imprisoned not more than 1 year or both.
Litigation
During the past year there were court decisions in two cases in
which the Comptroller of the Currency was involved. The first of
these was Overby v. United States Fidelity & Guaranty Company
(5th Cir. 1955), 224 F. 2d 158. In this case reports of examinations
made by the Comptroller's examiners and furnished to the First
National Bank of Auburn, Ala., 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. In keeping with the
traditional position of the Comptroller of the Currency that these
documents are confidential papers of the Treasury Department, and
that they are privileged against disclosure, there was filed in this
litigation an assertion of interest and claim of privilege made by
Acting Secretary of the Treasury A. N. Overby. This assertion of
interest and claim of privilege was denied by the United States District Court, and an appeal was taken to the United States Court of
Appeals for the Fifth Circuit. That court did not discuss the subject of governmental privilege against disclosure of official information as it held the order to produce was in such broad terms as to
require reversal of the lower court decision. The court pointed out
that much of the matter claimed to be privileged and which would
have to be produced under the order bore no possible relevance to
the litigation, and there was no necessity for requiring its production.
The court suggested that there should be prepared detailed written
interrogatories or requests calling for the production of such parts
only of the documents as might be pertinent to the litigation, describing the same as accurately as could be done, and that the Secretary of the Treasury might be willing to furnish such information
without claiming privilege. Subsequent to this decision the litigation between the bank and the surety company was settled.
The second case was that of Michigan National Bank v.Gidney (D. C.
Cir. 1956), decided April 5, 1956. This 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
REPORT OF THE COMPTROLLER OF THE CURRENCY
27
was not precluded by Michigan law from approving the establishment by the bank of an additional branch in Saginaw, Mich., where
it already had one branch. The Comptroller had declined to approve the branch on the grounds that under the applicable statutes
the branch could not 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. Cross motions for summary
judgment was granted. An appeal from this decision was taken to
the United States Court of Appeals for the District of Columbia.
That court held that the Comptroller's action in denying the branch
was based upon a proper construction of applicable law, and affirmed
the district court decision.
Fiduciary Activities of National Banks
As of December 31, 1955, there were 1,727 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 64 trust departments in
branches of national banks. There were 247 banks not acting under
any of their granted powers. During the year 1955 there were 1,439
head office trust department examinations conducted and 60 branch examinations, making a total of 1,499 examinations of trust departments
in national banks. Trust department assets totaled $37,187,830,514
at the end of 1955, including $24,185,779,339 in agency, escrow,
custodianship, and corporate accounts held in the trust department.
Various comparative statistical data concerning fiduciary activities
of national banks are presented in tables in the appendix of this
report.
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. Some substantial changes have been occasioned by the conversion of banks both
into and out of the national banking system, but otherwise, because
of the relatively few changes of system, the figures presented herein
are fairly comparable, even though they do not reflect total current
market values. Fiduciary accounting by corporate fiduciaries does
not permit the maintenance or tabulation of statistics based upon
current market values. Therefore, accurate information as to aggregate market values cannot be obtained without requiring special
reports imposing a substantial burden upon the banks.
In corporate financing national banks were acting as trustee for
bond and debenture issues totaling $17,358,441,198 in 8,056 accounts
as of December 31, 1955. They were also acting as registrar in 3,060
accounts and as transfer agent in 3,153 accounts.
Of the total liabilities for all activities of the trust departments of
national banks, 22 percent was in living trusts, 13 percent in court
accounts, 54 percent in agency, escrow, custodianship type accounts,
and 11 percent in all other accounts.
Of the total liabilities of the trust departments of national banks in
all Federal Reserve districts, 33.1 percent was in the 7th district,
28
REPORT OF THE COMPTROLLER OF THE CURRENCY
7.3 percent in the 6th district, Atlanta; 6.1 percent in the 2d district,
New York; 5.2 percent in the 10th district, Kansas City, and the remaining 5 districts had less than 5 percent each.
Gross trust department earnings for national banks during 1955
totaled $103,033,000.
Stock of the trustee banks held in their own trust departments by
national banks is presenting an increasing problem, although not one
of serious proportions. Very little of the stock is acquired by purchase, because Regulation F, issued by the Board of Governors of the
Federal Reserve System governing the fiduciary activities of national
banks, prohibits the purchase of such stock except when expressly
required by the provisions of the trust instrument, or specifically
authorized by order of the court, and in such cases the bank normally
may exercise no discretion as to the retention or disposition of the
stock. Most of the stock of the trustee bank held in fiduciary accounts is acquired from a decedent or trustor as a part of the original
inventory of a trust or estate and is held subject to the discretion of
the bank. In the discretionary retention of its own stock by a national
bank as fiduciary there exists a strong possibility of a conflict of
interest under which it is difficult, if not impossible, for the bank to
exercise an unbiased discretion. Additional problems are occasionally
presented in capital increases, primarily due to the above-mentioned
regulations prohibiting puchase of such stock, and in voting the stock,
due to statutory restrictions. National banks are advised that
emphasis should be placed, not on ways and means of retaining the
stock without liability, but on ways and means of reducing the amount
of the bank's stock held in fiduciary capacities without conflicting
with the provisions and objectives of the trust instruments.
Under authority of Regulation F, there were 105 common trust
funds in operation in 94 national banks at the end of 1955. 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. Assets in common trust funds
aggregated $542,378,548 as of December 31, 1955, at ledger carrying
values.
Pension, profit-sharing, and other employee benefit trusts created
by banks and by other employers are becoming a substantial part of
the fiduciary business of national banks. While statistics are not yet
maintained as to the number of such accounts or market value of their
assets under administration in the national banks, a survey made by
contacting several major trust departments indicates that probably
15 percent of all fiduciary business of national banks at the present
time consists of employee welfare or benefit accounts. The form for
reporting examinations of the trust departments of national banks is
therefore being revised to include specific information on pension,
profit-sharing and other employee benefit trusts held by the national
banks and the information so obtained will substantially parallel
information currently being collected by the Board of Governors of the
Federal Reserve System from their reports of examination of State
member banks.
The pension, profit-sharing, and other employee benefit accounts in
the national bank trust departments fall generally into three categories: (1) Those accounts wherein the bank as trustee has full
REPORT OF THE COMPTROLLER OF THE CURRENCY
29
responsibility for administration, including investment of the funds
and disbursement of benefits, (2) those accounts wherein the bank,
although designated as trustee, may act only upon written directions
of a committee, generally composed of employees of the employer
corporation, and (3) those accounts for which the bank acts solely as
agent or custodian.
In the administration of any fiduciary account a national bank is
governed by the terms of the trust instrument by which it was appointed, the provisions of Regulation F issued by the Board of Governors of the Federal Reserve System, and by the statutes of the State
in which the bank is located. In addition, the bank as fiduciary must
observe certain requirements of the Internal Revenue Code which
includes special provisions concerning pension, profit-sharing, stock
bonus, and annuity plans. In the supervision of national banks our
examiners review the various fiduciary accounts to determine adherence to law, regulation and sound fiduciary practice, the primary
purposes being to protect the rights of beneficiaries and the solvency
of the banks.
In the investment of funds of pension, profit-sharing and other employee benefit trust accounts, the national banks with very few exceptions follow recognized sound policies and somewhat standard
investment procedures. The funds are usually invested in bonds and
stocks of good investment quality. Bonds are usually a higher percentage of total investments, with stocks generally between 25 and
50 percent of the total. Common stocks are purchased in higher
percentages than preferred stocks.
Opinion seems to be divided as to the advisability of the purchase
of stock or obligations of the employer company as an investment for
pension, profit sharing, or other employee welfare accounts. In such
accounts created by a national bank for its own employees and administered in its trust department, Regulation F prohibits the purchase of
stock of the bank unless such investment is expressly required by the
provisions of the trust instrument. Fundamentally, this office is
opposed to placing stock of the employer national bank in a pension
trust for its employees, other than to a limited extent, the theory being
that an employee's retirement should not be dependent upon the continued success of his employer.
Legislation currently pending (S. 3873) will involve all employee
benefit accounts whether or not they are administered by banks. This
act proposes that all employee welfare or benefit plans will be registered
with the Securities and Exchange Commission for the purpose of
protecting the revenue of the United States and the rights of the beneficiaries of the various plans. Comprehensive annual reports are
also to be filed with the Securities and Exchange Commission. These
reports will reflect investments in securities or properties of all parties
in interest, including stock of the employer bank, and investment
concentrations. Copies of the annual reports are to be furnished to
the employees beneficiaries.
All national banks which are exercising fiduciary powers 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 loss in national banks due to faulty administration of fiduciary
accounts continues to be almost negligible.
389422—56
3
00
O
General comparative figures of fiduciary activities
Number of
banks ex- Aggregate trust
ercising
department
trust
liabilities
powers
Dec. 31—
1928
1951
1952
1953
1954
1955 .
...
.
1,585
1,512
1,513
1,513
1,503
1,480
$3,297,310,000
36,136,628,000
39,665,972,000
43,150, 202,000
47,938,669,000
37,187,831,000
Number of accounts
Common trust funds
Outstanding
bonds and
debentures
Gross trust
department
earnings
$7,978,389,000
14,550,564,000
16,051,953,000
17,625,838,000
19,485,675,000
17,358,441,000
$16,165,000
75,130,000
80,627,000
85,990,000
100,761,000
103,033,000
Number
Amount
2
2
()
60
71
88
105
()
$187,392,016
213,929,020
276,970,954
542t378,548
Fiduciary
Corporate
Agency, trust, bond
and deetc.
benture
issues
i 53,853
171,589
184,125
194,231
207,157
214,383
9,923
()
7,217
7,611
8,011
8,056
&n
72, 725
77,473
82,032
74,832
3
Other
accounts
6
O
S
(2)
33,893
37,370
38,396
34,543
o
i Includes agency accounts in 1928.
* These figures were not developed at that time.
i
w
o
REPORT OF THE COMPTROLLER OF THE CURRENCY
31
Organization and Staff
On December 31, 1955, the Office of the Comptroller of the Currency had in its employ 1,137 persons. Of these 199 were assigned to
the Washington office, including 33 in the Federal Reserve Issue and
Redemption Division, which is an expense of the Federal Reserve
banks. During the year the total personnel in the Washington office
was increased by 1 and the total field force was increased by 25 persons.
Twenty-two national bank examiners and 81 assistant national
bank examiners left the service during the year. In the same period
29 assistants were commissioned national bank examiners, 1 former
national bank examiner was reappointed, and 126 new assistants
were appointed. Four assistant examiners returned from military
furlough, leaving a total of 258 examiners and 567 assistants in the
service at the end of the year.
Chief National Bank Examiner William P. Folger retired on June
30, 1955, after many years of distinguished service with the Comptroller's office. District Chief National Bank Examiner Hollis S.
Haggard was transferred from the Boston district to succeed Mr.
Folger and National Bank Examiner Aloysius W. Green was promoted
to succeed Mr. Haggard.
District Chief National Bank Examiner Louis H. Sedlacek, in
charge of the Cleveland office, resigned on April 17, 1955, and was
succeeded by Clarence B. Redman, who had been serving as an
Assistant Chief National Bank Examiner in the Washington office.
National Bank Examiner Marshall Abrahamson was promoted to
Assistant Chief National Bank Examiner to succeed Mr. Redman.
District Chief National Bank Examiner Irwin D. Wright retired
from his position in charge of the Chicago office, on April 30, 1955.
He was succeeded by Mr. James F. Rush, who had served for many
years as an assistant examiner and examiner in 'the Chicago district.
In the last annual report it was stated that conferences were being
had with the Civil Service Commission with respect to the continued
recruitment of assistant national bank examiners on an excepted
basis under long-established existing procedures and that it appeared
continuance of the exception under schedule B of the civil-service
regulations, instead of schedule A as formerly, would be approved.
During the year an agreement was reached with the Civil Service
Commission in this matter and all positions on the national bank
examining staff were placed in schedule B, on an excepted basis, effective January 1, 1956. The change of the positions from schedule A
to schedule B involves no major changes in recruitment procedures,
the principal distinction being that an applicant for appointment as
assistant national bank examiner must, under schedule B, qualify in
a formal, noncompetitive examination whereas no such formal examination was required under schedule A.
The educational program conducted for members of the examining
staff, referred to in previous reports, was continued during the year,
this program being designed to improve training procedures for newly
appointed assistant examiners and the efficiency of the entire examining staff. As of December 31, 1955, 255 members of the examining
32
REPORT OF THE
COMPTROLLER
OF THE
CURRENCY
staff had completed the extension courses of the American Institute
of Banking, and 189 were still enrolled; 39 had completed the graduateschool courses conducted by the American Bankers Association at
Rutgers University, the University of Wisconsin, the University of
Washington, and the University of Louisiana, and 23 were still enrolled in these courses; and 113 had completed the prescribed courses
in the interagency training school established in 1952 by the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation.
The Office of the Comptroller of the Currency, as previously noted,
had 1,137 persons in its employ at the end of 1955. The following
data show how these people are utilized, and the various divisions that
comprise the working organization of the office.
Division
Assistant examiners, asExecutive sistant counsel,
or super- administrative
assistants, auvisory
ditors, secretarial, typists,
clerical
Total
I. EXECUTIVE ORGANIZATION
(Policy and general supervision, all located in Washington, D. C.)
Comptroller of the Currency
Deputy
Comptrollers
Chief National
Bank Examiner
1
3
1
i 2
13
il
3
6
2
5
6
11
II. FIELD ORGANIZATION
(Located in 12 Federal Reserve districts)
District Chief National Bank Examiners
Policy and supervision, subject to I above, of all field activities.
National bank examiners
Perform examinations of 4,700 national banks and investigations of new branch and charter applications.
Assistant national bank ftxaminp.rs
Assist national bank examiners.
12
1 2 3 H3
125
246
246
567
567
258
680
938
8
12 3 4 2 5
33
4
1 2 3 4 17
21
III. WASHINGTON STAFF ORGANIZATION
(a) "Examining Division _ ...
Assistant Chief National Bank Examiners.
Receive and analyze all reports of examination of national and
District banks, and investigation reports on new branches and
charters. Make recommendations to I as to disposition of cases,
and prepare letters to banks, District Chiefs, and others. Confer with bankers, executive and staff representatives of the
Federal Reserve System and the Federal Deposit Insurance
Corporation, and District Chief National Bank Examiners, regarding banking and supervisory matters. One Assistant
Chief also serves as head of the Personnel and Administrative
Division, and one also serves as head of the field organization
educational programs.
(6) Organization Division
Supervises activities of all national and District banks as to
corporate and organization matters; i. e., new charters, branches,
consolidations, mergers, purchase and assumption cases, sale of
new capital stock, stock dividends, articles of association, etc.
Final decisions made by I after review with recommendations
by Assistant Chief National Bank Examiners, and usually with
the benefit of facts and recommendations furnished by District
Chief National Bank Examiners and National Bank Examiners.
See footnotes at end of table.
33
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assistant examiners, asExecutive sistant counsel,
or super- administrative
visory
assistants, auditors, secretarial, typists,
clerical
Division
Total
in. WASHINGTON STAFF ORGANIZATION—continued
(c) Legal Division
Serves as counsel for the Comptroller of the Currency. Considers all legal matters arising in the organization, operation,
merging, and discontinuance of national and district banks.
Prepares opinions, rulings, and correspondence on legal questions. Assists on all legislative matters. Exercises general
supervision over conduct of litigation.
(d) Personnel and Administrative Division
Performs functions relating to recruitment, transfer, promotion, separation, retirement, time and leave. Supervises and
includes personnel in mail and files section, supply and duplicating section, stenographic pool, and messenger pool.
(e) Reports and Precedents Division
Maintains all legal and policy precedents; receives reports of
examination of all national and district banks from District
Chief National Bank Examiners for binding, recording, and
distribution; receives all checks in payment of fees for examinations and makes deposits to the Comptroller's Treasury account.
Supervises and places orders for printing work that pertains to
examining division and the field organization.
(/) Statistical Division
_.
Compiles data indicative of banking trends for the information of the Comptroller and his staff, Congress, other banking
agencies, bankers, economists, and others through examination
and tabulation of data incorporated in call reports of condition
and reports of earnings and dividends of national and district
banks.
(g) Auditor for the Comptroller
Accountable to the Comptroller of the Currency only. Maintains audits for the Comptroller of all accounts covering funds
under control of the Disbursing Office and the Division of
Insolvent National Banks, including detailed audits of all collections and disbursements of funds; prepares and submits periodic audit reports to Comptroller; tabulates information and
statistics on special subjects.
(h) Disbursing Division
Maintains accounts covering funds of Examining Division
and of Federal Reserve Issue and Redemption Division and
makes all disbursements from these accounts covering payrolls,
travel vouchers, and miscellaneous expenses. Makes all purchases of equipment and supplies from Examining Division
funds.
(i) Federal Reserve Issue and Redemption Division
All expenses of this division paid by Federal Reserve banks.
Handles the issuance and redemption of Federal Reserve currency as provided under the Federal Reserve Act. Maintains
detailed records of all shipments of original currency issues and
of unfit currency notes destroyed.
(j) Insolvent Division
Handles correspondence, necessary expenditures of funds,
and maintains records relating to national banks liquidated
through receivership.
1 2 3 6 25
1234
123 24
177
22
1 2 3 8 31
33
133
Grand total
1 Secretarial.
2 Typists.
123 20
849
3 Clerical.
4
Administrative.
5 Assistant counsel.
Messengers.
6
7
8
Accountants.
Money counters.
1,137
34
REPORT OF THE COMPTROLLER OF THE CURRENCY
Expenses of the Bureau
The following is a summary of the operating expenses of the Bureau
for the year ended December 31, 1955.
Bank
supervision
Salaries
Per diem
Transportation
Supplies
- . __ .
Printing, books and periodicals
Rent - .
Furniture and fixtures
Communications
Fixed charges
Maintenance
Employer's FICA and insurance fund contributions
Miscellaneous_
Total
$6,366,460.91
1,197,642.79
448,181.94
20,061.89
52,326.06
131,792.63
23,479.95
55,600.97
Currency issue
and redemption
Total
21,162.90
39,537.98
672.90
14,592.26
984 31
443.38
2,436.55
$6,501,802.23
1,197,642.79
448,181.94
20,545.09
52,880.11
131,792.63
23,479.95
56,273.87
14,592.26
984 31
21,606.28
41,974.53
8,356,248.02
155,507.97
8,511,755.99
$135,341.32
483.20
554.05
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.
A comparison of the assets and liabilities of the banks in the national
banking system as of December 31, 1954, April 11, June 30, October 5,
and December 31, 1955, reported pursuant to calls for condition
statements by the Comptroller of the Currency, is shown in the
following table.
and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31,1954
(4,796 banks)
Apr. 11, 1955
(4,759 banks)
June 30,1955
(4,751 banks)
Oct. 5,1955
(4,721 banks)
Dec. 31,1955
(4,700 banks)
C
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
39,827,678
39, 500, 738
6,261
7, 246,304
1, 956,124
222,831
37, 779,821
36,459,789
2,473
7,117,452
2,036,213
204, 406
39,543,504
34, 778, 270
2,755
7,026,071
2,002,463
211,795
41,083,563
34,106,314
4,037
7,145,936
1,986,499
212,872
43,559,726
33,686,583
4,223
6,993,984
1,955,466
217,074
H
88,759,986
88,600,154
88,564,858
84,589,221
86,417,056
W
25, 721,897
904,037
16,607
56,009
291,881
227, 699
172, 503
23,078,639
896,278
21,589
59,112
193, 998
237, 969
165,496
22,955,455
908, 286
18, 249
67,183
145, 901
232,001
167,414
22, 776,906
928,273
21,029
72,955
144, 791
227,085
172, 235
25,763,440
962, 111
23,709
78,839
125,671
225,712
153,749
Cl
g
g
^
H
#
O
116,150, 569
108,253, 235
108, 059,347
108,882,495
113,750,287
g
59,005, 232
24, 676, 853
2,837,034
7,174, 667
10, 717, 647
1, 734, 380
54,336, 811
24,627, 252
2,984,669
6, 825, 739
8, 501,034
1,386, 525
53, 711, 457
24,963, 347
3,155, 520
7, 287,142
8, 316,961
1,498,499
54, 590,107
25,077,012
2,366, 476
6,699,178
8,661,764
1,395,499
58,192,878
25,151, 538
2,364,385
7,341,424
9,320, 515
I,847, 249
2
~
^
S
Q
H
106,145, 813
98,662,030
98,932,926
98, 790,036
104, 217,989
Q
79,016,805
27,129,508
11,098
563
305,950
323,979
571,189
687, 735
71,814,825
26,847,705
489,086
464
198, 423
345, 789
461,849
449,292
71,697,623
27,235,803
71,600
494
150,628
373,487
327, 572
468, 653
71,483,201
27,806,835
702, 719
721
151,653
409,889
460,649
458,962
76,894,569
27,823,420
107,796
1,015
136,657
424,991
439,535
486,375
3
2
S
23
3
^
108, 046,327
100,606, 933
100,325, 360
100, 974,629
105,814,358
O
^
£
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... 1 „
_.
Deposits of banks
Othei 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
Assets and liabilities of national banks on dates indicated—Continued
00
O
[In thousands of dollars]
Dec. 31,1954
(4,796 banks)
Apr. 11, 1955
(4,759 banks)
June 30,1955
(4,751 banks)
Oct. 5,1955
(4,721 banks)
Dec. 31,1955
(4,700 banks)
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, 485,844
3,950, 552
1,377,282
290,564
2,393,027
3,643, 227
1,341, 456,
268, 592
2,423,396
3,698,464
1,347, 797
264,330
2,440,497
3, 709,659
1,489,989
267,721
2,472,624
3,828,335
1,368,808
266,162
8,104, 242
7,646,302
7,733,987
7,907,866
7,935,929
116,150, 569
108, 253, 235
108,059,347
108,882,495
113, 750,287
MEMORANDA
Par value of capital stock:
Class A preferred stock
Class B preferred stock
Common stock
_
_
._.
__
Total.
Retirable value of preferred capital stock:
Class A preferred stock...
Class B preferred stock
_
Total
—
Assets pledged or assigned to secure liabilities and for other purposes (including notes and bills
rediscounted and securities sold with agreement to repurchase)
4,181
208
2,481,455
3,756
200
2,389,071
250
2,419,450
2,436,321
3,916
250
2,468,458
2,485,844
2,393,027
2,423,396
2,440,497
2,472,624
6,631
233
4,723
225
4,622
275
4,181
275
4,161
275
4,897
6,864
14,090,744
14,615,738
14,107,201
3,926
250
s
fel
n
o
REPORT OF THE COMPTROLLER OF THE CURRENCY
37
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. 31, 1952-55
ASSETS
Securities:
IT. 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
Gash 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
1952
1953
1954
1955
Percent
33.24
5.53
.15
2.04
Percent
32.32
5.75
.16
1.92
Percent
34.01
6.24
.17
1.71
Percent
29 62
6.15
.17
1.74
40.96
40.15
42.13
37.68
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
38 29
12.68
9.97
.85
.02
.51
100.00
100.00
100.00
100.00
52.42
19.90
2.99
5.80
51.41
20.76
2.56
6.17
50.80
21.25
2.43
6.18
51.16
22.11
2.07
6.45
Q 17
Q 99
Q 93
Q in
1.51
1.55
1.50
1.64
91.79
91.67
91.39
91.62
70.41
21.88
1.68
69.19
22.48
1.60
68.03
2S.S6
1.63
67.60
2108
1.40
2.06
3 08
1.39
2.09
3 20
1.44
2.14
3 40
1.44
2.17
3.37
1.44
LIABILITIES
Deposits:
Demand of individuals, partnerships, and corporations
Time of individuals, partnerships, and corporations
IT. S. Government
States and political subdivisions.
-.
0 ther 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
__ __
._ _
6.53
6.73
6.98
6.98
100.00
100.00
100.00
100.00
EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR
YEAR ENDED DECEMBER 31, 1955
The net profits of national banks before dividends for the calendar
year 1955 were $643,000,000, which amounted to 8.12 percent of
average capital funds. Net profits for the previous year were
$741,000,000, or 9.58 percent of average capital funds. Cash dividends
declared on common and preferred stock in 1955 totaled $310,000,000,
in comparison with $300,000,000 in the previous year. The rate was
3.91 percent of average capital funds. These dividends were 48 percent of net profits available for the year. The remaining 52 percent of
net profits, or $333,000,000, was retained by the banks in their capital
funds.
Net earnings from operations of $1,332,000,000 showed an increase
of $101,000,000 over the year 1954. Adding to net earnings from
operations profits on securities sold of $36,000,000 and recoveries on
loans and investments, etc. (including adjustments in valuation
reserves) of $99,000,000 and deducting losses and chargeoffs (including
38
REPORT OF THE COMPTROLLER OF THE CURRENCY
current additions to valuation reserves) of $378,000,000 and taxes on
net income of $446,000,000, the net profits of the banks before dividends for the year 1955, were $98,000,000 less than for the year 1954.
Gross earnings were $3,437,000,000, an increase of $210,000,000
over 1954. Principal items of operating earnings in 1955 were
$1,955,000,000 from interest and discount on loans, an increase of
$153,000,000 over 1954, and $757,000,000 from interest on United
States Government obligations, an increase of $23,000,000. Other
principal operating earnings were $195,000,000 from interest and
dividends on securities other than United States Government, and
$189,000,000 from service charges on deposit accounts. Operating
expenses, excluding taxes on net income, were $2,105,000,000 as
against $1,996,000,000 in 1954. Principal operating expenses were
$1,008,000,000 for salaries and wages of officers and employees and
fees paid to directors, an increase of $36,000,000 over 1954, and
$374,000,000 expended for interest on time deposits, an increase of
$30,000,000.
Interest and discount on loans accounted for 57 percent of the bank's
earnings, varying from 51 percent in the 7th Federal Reserve District
to 62 percent in the 11th district. Interest and dividends on securities
represented 28 percent of gross earnings for the year, with the banks
in the 1st district showing the lowest ratio of 22 percent, while banks in
the 7th district showed 35 percent, the highest ratio. Salaries, wages,
and fees took 29 percent of gross earnings, ranging from 27.7 percent in
the 4th district to 30.9 percent in the 9th and 10th districts. Current
operating earnings before income taxes were 39 percent of gross earnings, ranging from 37 percent in the 12th district to 41.5 percent in the
4th district.
The rate of interest and discount on the average loans and discounts
for the year varied from 4.21 percent in the 2d district to 5.19 percent
in the 6th district. The national average was 4.77 percent. The rate
of interest and dividends received on the average securities held was
2.10 percent, and varied from 1.99 percent at the banks in the 1st
district to 2.20 percent for the banks in the 3d district.
Current operating earnings before income taxes were 17 percent on
the average total capital accounts, varying from 13 percent in the 3d
district to 22.3 percent in the 12th district. Net profits after income
taxes but before dividiends were, as noted above, 8.12 percent on the
average capital accounts, ranging from 6.53 percent in the 3d district
to 10.43 percent in the 12th district.
Summaries of the earnings, expenses, and dividends of national
banks for the years ended December 31, 1954 and 1955, are shown in
the following table.
REPORT OF THE COMPTROLLER OF THE CURRENCY
39
Earnings, expenses, and dividends of national banks for years ended Dec. 31, 1954
and 1955
[In millions of dollars]
Change
since 1954
1955
1954
Number of banks i
Capital stock (par value)5
Capital accounts2—
4,700
2,460.6
7,924.7
4,796
2,386.2
7, 739.6
-96
+74.4
+185.1
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-
757.3
195.4
1,954. 5
188.9
340.5
733.9
189.5
1,801.7
174.9
326.3
+23.4
+5.9
+152.8
+14.0
+14.2
3,436. 7
3,226.3
+210.4
1,008.4
374.0
101.5
59.7
561.6
972.3
343.7
96.8
53.6
529.7
+36.1
+30.3
+4.7
+6.1
+31.9
Total.
Current operating expenses:
Salaries, wages and fees..
Interest on time deposits (including savings deposits)
_..
Taxes other than on net income_____
Eecurring depreciation on banking house, furniture and fixturesOther 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
_.
Allother.
_
TotaL
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
_
Allother—
Total
Profits before income taxes..
Taxes on net income:
Federal
State
Total.._.
_
2,105.1
1,996.1
+109.0
1,331. 6
1,230.2
+101.4
13.7
29.2
35.9
8.4
25.0
244.9
-209.0
14.6
18.9
22.9
14.2
40.2
31.0
-21.3
-8.1
135.2
363.8
-228.6
122.1
36.3
41.4
71.5
+80.7
-35.2
14.3
158.7
46.0
13.3
134.1
61.1
+1.0
+24.6
-15.1
+5.3
+4.2
+.4
377.4
321.3
+56.1
1,089. 4
1,272.6
-183. 2
428.6
17.6
508. 5
23.0
-79.9
-5.4
._
446.2
531.6
-85.4
Net profits before dividends.
643.1
741.1
-98.0
.2
309.5
.3
299.8
+9.7
309.7
300.1
+9.6
Cash dividends declared:
On preferred stock
On common stock
Total.
See footnotes at end of table.
-.1
40
REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings, expenses, and dividends^ of national banks fofyearsiendedlDec.^
and 1955—Continued
81, 1954
[In millions of dollars]
1955
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.
1954
Change
since 1954
2.1
24.8
.9
27.3
+1.2
-2.5
30.8
54.7
95.8
8.1
53.9
79.9
+22.7
Percent
61.25
8.12
12.59
3.91
Percent
61.87
9.58
12.58
3.88
Percent
-.62
-1.46
+.01
+.03
+.8
+15.9
1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which
were
2 in operation 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 4,700 national banks in existence
on December 31, 1955, consisted of common capital stock aggregating
$2,470,416,703, a net decrease during the year of $13,085,560, and
preferred capital stock of $4,165,670, a net decrease during the year
of $222,250. These figures include one bank recently chartered but
not yet open for business at the end of the year and excludes one bank
which furnished a report of condition in response to the call, although
it was merged with another national bank at the close of business on
December 31. The capital stock adjustment relative to the merger
is reflected in these figures but not in the reports of condition.
In addition to 48 applications with proposed common capital stock
of $12,020,000 and $50,000 preferred capital stock carried over from
the previous year, 78 applications were received to organize national
banks and to convert State banks into national banking associations
with proposed common capital stock of $24,212,500. Of these applications, 50 with proposed common capital stock of $16,920,000 and
preferred capital stock of $50,000 were approved; 25 with proposed
common capital stock of $5,837,500 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 1955, 37 national banking associations with common
capital stock of $9,680,000 and preferred capital stock of $50,000
were authorized to commence business. Of the charters issued, 8
with common capital stock of $2,040,000 and preferred capital stock
of $50,000 resulted from the conversions of State banks.
Changes in the number and capital stock of national banks during
the year ended December 31, 1955, are shown in the following
summary.
41
REPORT OF THE COMPTROLLER OF THE CURRENCY
Organization, capital stock changes, and national banks closed as reported during the
year ended Dec. 31, 1955
Number
of banks
Increases:
Banks newly chartered:
Primary organizations
Reorganizations
Conversions of State banks
.
Capital stock:
Common:
215 cases by statutory sale
367 cases by statutory stock dividend
4 cases by stock dividend under articles of association.
34 cases by statutory consolidation
__.
5 cases by statutory merger
Preferred:
1 case by new issue
1 case by increase of par value
Total increases..
Total decreases.
Common
$7,540,000
100,000
2,040,000
Preferred
$50,000
57,476,710
95, 790,326
55, 500
10, 233,489
500,000
12,600
37
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:
10 cases by retirement
4 cases by statutory reduction
_.
7 cases by statutory consolidation
7 cases by statutory^merger
Net change
Charters in force Dec. 31,1954, and authorized capital stock
Charters in force Dec. 31,1955, and authorized capital stock
Capital stock
174,166,915
562,600
5,855,000
6,150,000
25,000
715,000
142,336,200
75,000
15,050
412,300
271,150
30,320,125
1, 505,000
357,500
128
187,252,475
784,850
-91
4,791
—13,085, 560
2,483,502,263
-222,250
4,387,920
4,700
2,470,416, 703
4,165,670
NATIONAL BANK NOTES OUTSTANDING
There were, as of December 31, 1955, $66,192,249 of national bank
notes outstanding.
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, 1955, amounted to $243,105,000,000,
an increase of $10,420,000,000 since December 31, 1954.
The total deposits at the end of 1955 amounted to $221,392,000,000,
an increase of $9,362,000,000 over 1954. Included in the latter aggregate are deposits of individuals, partnerships, and corporations of
$183,879,000,000, an increase of $8,989,000,000 in the year. Deposits
of the United States Government, including postal savings deposits,
were $4,161,000,000, a decrease of $472,000,000; deposits of States
and political subdivisions amounting to $12,768,000,000 showed an
increase of $305,000,000, and deposits of banks of $16,661,000,000
were $165,000,000 less than in 1954.
42
REPORT OF THE COMPTROLLER OF THE CURRENCY
Loans and discounts amounted to $100,575,000,000 in December
1955 after deducting reserves of $1,484,000,000. for possible future
losses. The net loans were $14,516,000,000 over the amount reported
as of the end of 1954. Commercial and industrial loans of $33,456,000,000 were $6,396,000,000 more than the 1954 figure; real-estate
loans of $38,461,000,000 were up $4,880,000,000, and all other loans
of $30,142,000,000 increased $3,458,000,000.
The banks held obligations of the United States Government,
direct and guaranteed, of $70,310,000,000 in December 1955, a decrease
of $7,694,000,000 in the year. Obligations of States and political
subdivisions held amounted to $13,396,000,000, an increase of $152,000,000, and other securities held amounted to $7,358,000,000, an
increase of $82,000,000. The total of all securities held at the end
of 1955 was $91,064,000,000, and represented 37 percent of the banks'
total assets. At the end of the previous year the ratio was 42 percent.
Cash and balances with other banks, including reserve balances, in
1955 were $47,979,000,000, an increase of $3,225,000,000 since the
previous year.
Total capital accounts were $18,210,000,000, compared to $17,364,000,000 at the end of 1954, an increase of 5 percent.
A statement of the assets and liabilities of all classes of active banks
at the end of December 1954 and 1955 follows.
Assets and liabilities of all banks in the United States and possessions, 1954 and 1955
[In millions of dollars]
Dec. 31,
1955
Number of banks
-
Dec. 31,
1954
Change
since
1954
14,265
14,388
-123
33,456
27,060
+6,396
2,269
2,957
-1,100
+369
4,481
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
-
XJ. 8. 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
See footnote at end of table.
1,
5,078
38,461
17,403
575
2,591
14,942
240
1,795
+597
+4,880
+2,461
+335
+796
102,059
1,484
87,325
1,266
+14,734
+218
+14,516
100,575
70,310
13,396
6,234
1,124
78,004
13,244
6,266
1,010
91,064
98,524
-7,694
+152
-32
+114
2,873
2,657
45,016
1,898
47
42,097
1,706
+3,009
+192
124
441
977
104
597
905
-156
+72
243,105
232,685
+10,420
+11
+20
43
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of all banks in the United States and possessions7
1954 and 1955—Continued
[In millions of dollars]
Dec. 31,
1955
Dec. 31,
1954
Change
since
1954
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.)—
109.435
74,444
4,161
12, 768
16,661
3,923
103,859
71,031
4,633
12,463
16,826
3,218
Total deposits
221,392
212,030
+9,362
Demand deposits
T|mft deposits
142,564
78,828
136,373
75,657
+6,191
+3,171
....,..,
_
..
Bills payable, rediscounts, and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting banks and outstanding
_.
. _
Other liabilities
_
Total liabilities
+5,576
+3,413
-472
+305
-165
+705
174
33
+141
472
2,857
628
2,630
-156
+227
224,895
215,321
+9,574
51
20
4,636
9,327
3,541
46
24
4,358
8,895
3,400
_4
+278
+432
+141
CAPITAL ACCOUNTS
Capital notes and debentures
Preferred stock .
_ _« -_
- _ . _ _ _ _
Surplus
Undivided profits—
Reserves and retirement account for preferred stock and capital
notes and debentures
Total cauital accounts
Total liabilities and capital accounts
+5
635
641
-6
18,210
17,364
+846
243,105
232,685
+10,420
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 4 reports of condition during the year ended
December 31, 1955. Reports were required as of April 11, June 30,
October 5, 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 4 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, 1955.
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, 1955.
In accordance with section 298 of the code of law for the District of
Columbia, banks other than national in the district were required to
make to the Comptroller condition reports and reports of earnings,
44
REPORT OF THE COMPTROLLER OF THE CURRENCY
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 waive 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 and/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 1955, 296 member national banks in the
United States submitted 333 reports of affiliates. Included in these
figures are 180 banks in 22 States which are members of 20 holding
company groups. The number of banks in each holding company
group varied from 1 to 50. The actual number of reporting affiliates
and holding company affiliates was 172.
In addition there were 2 nonnational banks in the District of Columbia which are members of the Federal Reserve System that reported
3 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, 1955, the Federal Deposit
Insurance Corporation was appointed by the Comptroller of the
Currency as receiver of 2 insolvent national banks, the First National
Bank of Lewisville, Tex., and the Joshua Monument National Bank
of Twentynine Palms, Calif. Both receiverships were the outgrowth
of large defalcations that absorbed normal surety bond protection
that was maintained and an amount in excess of the entire capital
structure of each bank. Pursuant to the Federal Deposit Insurance
Act of 1950 (Public Law 797), approved September 21, 1950, the
liquidation of these 2 banks has not been subject to the supervision of
the Comptroller of the Currency.
The one insolvent national bank in process of liquidation under the
supervision of the Comptroller of the Currency as of December 31,
1954, was still in process of liquidation as of December 31, 1955. The
liquidation of this receivership has been continued because of pending
litigation but it presently appears that an early adjudication may be
expected.
REPORT OF THE COMPTROLLER OF THE CURRENCY
45
ISSUE AND REDEMPTION OF NOTES
Six hundred and forty-four shipments of Federal Reserve currency
were made from Washington, D. C , during the year ended December
31,1955, to Federal Reserve agents and Federal Reserve branch banks,
aggregating $5,697,560,000, and in addition, 18 deliveries were made to
the Treasurer of the United States aggregating $103,000,000.
Four thousand four hundred and sixty-nine lots of unfit Federal
Reserve currency were received for verification and certification for
destruction consisting of 452,667,258 notes aggregating $5,510,947,355.
There were received 30 lots of national bank notes for verification
and certification for retirement and destruction consisting of 184,433
notes aggregating $2,996,415.
One hundred and sixty thousand three hundred and forty-one fragments or charred Federal Reserve and national bank notes aggregating
$2,800,210 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, 1955, 8,178 examinations of
banks 5,321 examinations of branches, 1,499 examinations of trust
departments, and 16 examinations of affiliates were conducted.
Twenty-two State banks were examined in connection with conversions to or consolidations with national banks. Investigations were
also conducted in connection with applications for 65 new charters
and 447 new branches.
389422—56
1
APPENDIX
CONTENTS
TABLES
No. 1. Comptrollers and Deputy Comptioilers of the Currency since
1863
.1
No. 2. Total number of national banks organized, consolidated and merged
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, 1955
No. 3. National banks chartered during the year ended December 31,
1955
No. 4. National banks chartered which were conversions of State banks
during the year ended December 31, 1955
No. 5. National banks reported in voluntary liquidation during the year
ended December 31, 1955, 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, 1955,
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, 1955, with the effective date and
the capital stock
No. 8. Purchases of State banks by national banks reported during the
year ended December 31, 1955, 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, 1955, 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, 1955, 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, 1955
No. 12. Number of branches of national banks closed during the year
ended December 31, 1955
No. 13. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, December 31, 1954 and 1955
No. 14. Number of national banks in United States and possessions with
surplus fund equal to or exceeding common capital stock, and
the numbei with surplus fund less than common capital stock
1942 to 1955
No. 15. Dates of reports of condition of national banks, 1914-1955
No. 16. Assets and liabilities of national banks on April 11, June 30,
October 5, and December 31, 1955
No. 17. Fiduciary activities of national banks as of December 31, 1955
No. 18. Fiduciary activities of national banks by Federal Reserve districts
as of December 31, 1955
No. 19. Classification of investments under administration by the active
national bank trust departments, December 31, 1955_^
No. 20. Fiduciary activities of national banks by States as of December
31, 1955
No. 21. Earnings, expenses, and dividends of national banks, by States,
for the year ended December 31, 1955
No. 22. Earnings, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended December 31, 1955
No. 23. Earnings, expenses, and dividends of national banks, by size of
banks, for the year ended December 31, 1955
No. 24. Earnings, expenses, and dividends of national banks, years ended
December 31, 1953-55
No. 25. Number of national banks, capital stock, capital funds, net profits,
dividends, and ratios, years ended December 31, 1930-55
http://fraser.stlouisfed.org/
49
Federal Reserve Bank of St. Louis
Page
51
52
53
55
55
56
58
58
59
64
65
70
71
72
73
77
129
131
132
132
136
144
147
150
152
50
REPORT OF THE COMPTROLLER OF THE CURRENCY
Page
No. 26. Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years
1936-55
No. 27. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1936-55
No. 28. Foreign branches of American national banks, December 31, 1955_
No. 29. Consolidated statement of assets and liabilities of foreign branches
of national banks, December 31, 1955
;
No. 30. Assets and liabilities of banks in the District of Columbia, by
classes, December 31, 1955
No. 31. Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended December 31, 1955
No. 32. Assets and liabilities of nonnational banks in the District of Columbia at date of each call during year ended December 31,1955.
No. 33. Earnings, expenses, and dividends of banks in the District of Columbia, years ended December 31, 1955 and 1954
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 December 31, 1930-55
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 1936-55
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 1936-55
No. 37. Assets and liabilities of all active banks in the United States and
possessions, by classes, December 31, 1955
No. 38. Assets and liabilities of all active banks in the United States and
possessions, by States and Territories, December 31, 1955
No. 39. Assets and liabilities of active national banks, by States and
Territories, December 31, 1955
No. 40. Assets and liabilities of all active banks other than national, by
States and Territories, December 31, 1955
No. 41. Assets and liabilities of active State commercial banks, by States
and Territories, December 31, 1955
No. 42. Assets and liabilities of active mutual savings banks, by States
and Territories, December 31, 1955
.
No. 43. Assets and liabilities of active private banks, by States and
Territories, December 31, 1955
No. 44. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, December 31,
1955
No. 45. Officials of State banking departments and number of each class
of active banks in December 1955
No. 46. Assets and liabilities of all active banks, December 31, 1936 to
1955
No. 47. Assets and liabilities of all active national banks, December 31,
1936 to 1955
No. 48. Assets and liabilities of all active banks other than national,
December 31, 1936 to 1955
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,
1955
__.
No. 50. Number and deposits of national and District of Columbia nonnational banks placed in receivership, period April 14, 1865,
to December 31, 1955, by groups according to percentages of
dividends paid to December 31, 1955
No. 51. National banks in charge of receiver during the year ended
December 31, 1955
No. 52. National banks placed in charge of receivers during year ended
December 31, 1955
No. 53. Bank suspensions since inauguration of Federal deposit insurance,
years ended December 31, 1934 to 1955
153
153
154
155
156
158
159
160
162
163
164
166
168
176
184
192
200
204
208
210
212
213
214
215
218
220
221
222
BEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 1.—Comptrollers
51
and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
No.
Name
Date of appointment
Date of resignation
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 Barret.
Murray, 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, Ray M
May
Mar.
Feb.
Apr.
May
Apr.
May
Aug.
Apr,
Jan.
Oct.
Apr.
Feb.
Mar.
May
Dec.
Nov.
May
Oct.
Apr.
Mar. 8,1865
„,
21,1865 July 24,1866
1,1867 Apr. 3,1872
25,1872 Apr. 30,1884
12,1884 Mar. 1,1886
20,1886 Apr. 30,1889
1,1889 June 30,1892
2,1892 Apr. 25,1893
26,1893 Dec. 31,1897
1,1898 Sept. 30,1901
1,1901 Mar. 28,1908
27,1908 Apr. 27,1913'
2,1914 Mar. 2,1921
17,1921 Apr. 30,1923
1,1923 Dec. 17,1924
20,1924 Nov. 20,1928
21,1928 Sept. 20,1932
11,1933 Apr. 16,1938
24,1938 Feb. 15,1953
16,1953
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,
gg, Marshall
ll R- —
Oppegard,
Od
G.
GJ
p a , C.. B
Upham,
B
Mulroney,
A. J
Ml
A
McCandless, R. B
Sedlacek, L. H
Robertson, J. L
Hudspeth, J. W
Jennings, L. A
Taylor, W. M
Garwood, G. W
* Term expired.
2 Died Mar. 2,1923.
May 9,1863
Aug. 1,1865
Mar. 12,1867
Aug. 8,1872
Jan. 5,1886
Jan. 27,1887
Aug. 11,1890
Apr. 7,1893
Mar. 12,1896
Sept. 1,1898
June 29,1899
July 1,1908
May 21,1923
July 1,1923
Jan. 6,1925
July 1,1927
July 6,1927
Dec. 1,1928
Jan. 24,1933
Feb. 24,1936
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.
52
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 2.—Total number of national banks organized, consolidated and merged
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.
21JJ), and in existence Dec. 31, 1955
Organized
Location
Maine.
New Hampshire
Vermont
Massachusetts.
Rhode Island
Connecticut
127
_
_.
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
__,
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
855
47
996
86
2
5
2,900
184
251
18
North Dakota
South Dakota
Nebraska
_.
Kansas
Montana
Wyoming.
Colorado
New Mexico
Oklahoma
—
_
Total Western States
_
Total Pacific States
._
2
206
57
66
3
72
458
12
129
434
1
17
7
18
63
12
6
18
59
211
143
453
424
1,123
28
73
11
5
38
44
67
58
7
43
49
8
2
1
3,258
121
701
30
42
42
45
86
41
4
4
567
1,349
3
1
112
327
204
293
154
115
191
242
3
98
227
77
54
116
204
295
11
1
58
147
2
2
3,997
101
5
946
1,673
6
100
118
54
89
77
1
1,215
1
1
230
2
1,264
2
123
391
76
95
178
95
76
38
730
39
604
1,264
227
148
527
110
18
2
16
51
30
65
35
128
102
379
64
1
51
82
69
27
41
446
170
40
25
77
25
198
2,637
42
75
46
196
76
25
83
36
452
12
1,098
1,088
34
123
76
76
12
55
25
84
4
1
1
59
188
522
80
198
447
195
62
218
86
746
38
17
31
9
57
8
1
12
17
11
9
7
4
1
2
2
62
2
3
270
304
26
1
5
3
5
27
1
36
93
83
3
132
55
110
93
3
51
34
110
5
39
1
39
12
1
2
4
24
34
53
568
. 37
In existence
31
16
16
141
5
3
40
Merged
or consolidated
with
State
banks
78
28
2
7
1
1
10
7
219
405
_ _
Converted
to State
banks
22
29
149
248
213
259
.
Insol- In liquivent dation
5
17
1
438
930
321
273
492
547
_
Public Law 706
(12 U. S. C.214)
13
4
82
113
1,196
_
25
66
30
141
32
181
Total Middle Western States-
Washington
Oregon
California- _
Idaho
Utah
Nevada
Arizona -
26
3
8
188
167
Total Southern States
Indiana
371
67
125
125
Ohio
5
2
3
191
154
_
Consolida- Mergers
tions under
under sees. 4
sees. 1, and 5
2, and 3
80
85
419
1,282
.
Consolidated
and merged
under act Nov.
7,1918, as
amended
1
1
8
30
13
57
11
6
4
6
19
8
21
1
1
1
7
3
3
197
721
2
11
124
53
REPORT OP THE COMPTROLLER OF THE CURRENCY
TABLE N O . 2.— Total number of national banks organized, consolidated and merged
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. 31, 1955—Continued
Location
Organized
Consolidated
and merged
under act Nov.
7, 1918, as
amended
Consolida- Mergers
tions under
under sees. 4
sees. 1, and 5
2," and 3
8
6
1
1
1
16
1
Total United States and possessions
U4,761
535
Alaska
The Territory of Hawaii
_
Puerto Rico
_ _Virgin Islands of the United States.Total possessions .
Public Law 706
(12 U. S. C.3L4)
Insol- In liquivent dation
Converted
to State
banks
Merged
or consolidated
with
State
banks
In existence
1
4
1
7
1
6
9
29 2 2,810 3 6, 594
1
15
78
4,700
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 4,894 under act Mar. 14,1900.
2
Exclusive of those restored to solvency.
3 Includes 208 passed into liquidation upon expiration of corporate existence.
TABLE NO. 3.—National banks chartered during the year ended Dec. 81y 1955
Charter
No.
Title and location of bank
Capital
stock
(common)
ALASKA
14747
Alaska National Bank of Fairbanks 1
$350,000
ARKANSAS
14731
First National Bank of Altheimer
75,000
CALIFORNIA
14725
First National Bank of Cupertino
195,000
CONNECTICUT
14750
First National Bank of Hazardville
75,000
FLORIDA
14732
14741
14744
14758
14759
Wilton Manors National Bank, Wilton Manors.
1
American National Bank of Fort Lauderdale
_~
Central National Bank of Jacksonville 1.
City National Bank of Clear water
Florida National Bank at Arlington. _
Total (5 banks)
300,000
350,000
200,000
300,000
150,000
1,300,000
ILLINOIS
14738
14748
14752
14757
Citizens National Bank of Downers Grove J
Downers Grove National Bank, Downers Grove
Consumers National Bank of Chicago
The Fisher National Bank, Fisher
Total (4 banks)
250,000
150,000
500, 000
70,000
970,000
IOWA
14746
National Bank of Des Moines
200,000
54
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 3.—National banks chartered during the year ended Dec. 81,1955—Con.
Charter
No.
Title and location of bank
Capital
stock
(common)
LOUISIANA
14753
The National Bank of Commerce in Jefferson Parish.
$600,000
MICHIGAN
14729
14740
St. Clair Shores National Bank, St. Clair ShoresFirst National Bank of East Lansing
Total (2 banks).
14739
14754
200,000
200,000
400,000
First National Bank of Biloxi i
Attala National Bank of Kosciusko..
Total (2 banks)
2 150,000
150,000
2 300,000
MISSOURI
14735
The Livestock National Bank of Kansas City..
14733
First Westside National Bank of Great Falls. -
500,000
MONTANA
100,000
N E W YORK"
14726
14727
14734
Port Chester National Bank. Port Chester
South Bay National Bank of Center Moriches l .
Tappan Zee National Bank of Nyack
Total (3 banks) .
100,000
150,000
225,000
475,000
OHIO
14761
Society National Bank of Cleveland..
2,000,000
OKLAHOMA
14751
14742
14736
14760
Security National Bank of Sapulpa
First National Bank of Greer..
200,000
SOUTH CAROLINA
National Bank of Murfreesboro..
First National Bank of Clinton..
100,000
TENNESSEE
200,000
150,000
Total (2 banks).
350,000
TEXAS
14728
14737
14743
14745
14749
14755
14756
City National Bank of Austin i__
_
Katy National Bank, Katy
_._
The Mercantile National Bank of Corpus Christi..
First National Bank of Muleshoe..
The Plains National Bank of Lubbock
_^
First National Bank of Bovina
The Citizens National Bank of Gonzales »
Total (7 banks)
.._.
500,000
100,000
200,000
200,000
250,000
50,000
140,000
1,440,000
WASHINGTON
14730
Puget Sound National Bank of Midway
Total United States and possessions (37 banks) .
i Conversion of State-chartered bank,
a Includes $50,000 preferred capital stock.
100,000
1 9,730,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
55
TABLE N O . 4.—National banks chartered which were conversions of State banks
during the year ended Dec. 81, 1955
Charter
No.
Title and location of bank
South Bay National Bank of Center
Moriches.
City National Bank of Austin
Citizens National Bank of Downers
Grove.
14739 First National Bank of Biloxi
14741 American National Bank of Fort
Lauderdale.
14744 Central National Bank of Jacksonville.
14747 Alaska National Bank of Fairbanks.
14756 The Citizens National Bank of Gonzales.
State
Effective
date of
charter
Authorized
capital
Approximate
surplus
and undivided
profits
Approximate
assets
$244,485
$5,332,847
14727
N. Y
Feb.
1
$150,000
14728
14738
Texas
111
„ Feb. 14
May 2
500,000
250,000
Miss
Fla
do.
Alaska
Texas
Total (8 banks)
_. do
May 19
July
1
150,000
350,000
369, 785 7,387,577
246, 978 10,591,374
456, 382
133, 553
8,698,809
7,515,615
5
200,000
226,601
3,737,029
Sept. 1
Oct. 31
350,000
140,000
482,355
266,601
11,854,100
6,880,748
12,090,000 2,426,740
61,998,099
i Includes $50,000 preferred capital stock.
TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. 81, 1955, the names of succeeding banks in cases of succession, with
date of liquidation and capital stock
Title and location of bank
Date of
liquidation
Liberty National Bank of Chicago, 111. (14246), absorbed by Chicago National
Bank, Chicago
Jan. 14,1955
The First National Bank of California, Pa. (4622), absorbed by the First
National Bank of McKeesport, Pa
Jan. 22,1955
The National Bank and Trust Company of Connellsville, Pa. (13491), absorbed by The Second National Bank of Union town, Pa., which changed
its title to "Gallatin National Bank, Uniontown"
Jan. 21,1955
The First National Bank of Natrona, Pa. (5729), absorbed by Peoples First
Feb. 11,1955
National Bank & Trust Company, Pittsburgh, Pa
Oilfields National Bank in Brea, Calif. (13877), absorbed by California Bank,
Los Angeles, Calif.
Feb. 5,1955
Philmont National Bank, Philmont, N . Y. (13945), absorbed by The Farmers
National Bank of Hudson, N . Y
Feb. 11,1955
The Second National Bank of Boston, Mass.* (322), absorbed by Second
Bank-State Street Trust Company, Boston
Feb. 18,1955
The Clarion County National Bank of Knox, Pa. (6182), absorbed by Oil
City National Bank, Oil City, Pa.
Mar. 19,1955
The First National Bank of Shippenville, Pa. (7874), absorbed by First
Seneca Bank and Trust Company, Oil City, Pa
_
Mar. 26,1955
The First National Bank of Riverdale, Calif. (10200), absorbed by First
Western Bank and Trust Company, San Francisco, Calif
Apr. 1,1955
Lincoln National Bank of Newark, N . J.2 (12570), absorbed by The National
State Bank of Newark
_
Apr. 15,1955
The First National Bank of Bloomingdale, N. J.3 (12660), absorbed by First
National Bank and Trust Company of Paterson, N . J
Apr. 1,1955
The First National Bank of Point Marion, Pa. (6114), absorbed by Gallatin
Apr. 23,1955
National Bank, Uniontown__
The First National Bank of Dawson, Pa. (4673), absorbed by Gallatin NaMay 13,1955
tional Bank, Uniontown, Pa
The First National Bank of Waitsburg, Wash. (8895), absorbed by The
Apr. 22,1955
National Bank of Commerce of Seattle, Wash
Deposit National Bank, Deposit, Iowa (5934), absorbed by Deposit State
May 28,1955
Bank, Deposit
The Citizens National Bank of Claremont, Calif. (12693), absorbed by SecuMay 21,1955
rity-First National Bank of Los Angeles, Calif
The First National Bank of Volant, Pa. (11834), absorbed by Lawrence SavMay 28,1955
ings and Trust Company, New Castle, Pa
The Uncas-Merchants National Bank of Norwich, Conn. (1187), absorbed by
Hartford National Bank and Trust Company, Hartford, Conn
June 24,1955
June 1,1955
The First National Bank of Bailey, Tex
Pacific National Bank of Long Beach, Calif. (14652), absorbed by Valley
June 30,1955
National Bank of Alhambra, Calif.
See footnotes at end of table.
Capital
stock
(common)
$1,000,000
100,000
125,000
125,000
75,000
50,000
5,000,000
125,000
25, 000
100, 000
2, 000, 000
750,000
100,000
100,000
50,000
65,000
75,000
50,000
200,000
25,000
250,000
56
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. 81, 1955, the names of succeeding banks in cases of successions, with
date of liquidation and capital stock—Continued
Title and location of bank
The First National Bank in Yreka, Calif. (13340), absorbed by Anglo California National Bank, San Francisco, Calif
The Peoples National Bank. & Trust Company of Irvington, N . J. (12876),
absorbed by Fidelity Union Trust Company of Newark, N . J
The First National Bank of Hecla, S. Dak. (9679), absorbed by First National
Bank of Aberdeen, S. Dak
The Mainland National Bank of Pleasantville, N. J. (14289), absorbed by
The Boardwalk National Bank of Atlantic City, N. J
The Little FaHs National Bank, Little Falls, N. J. (8829), absorbed by County
Bank and Trust Company, Paterson, N . J
The Highland National Bank, Highland, 111. (14410), absorbed by The Farmers and Merchants Bank of Highland
Harbor National Bank of Aberdeen, Wash. (14665), absorbed by Seattle-First
National Bank, Seattle, Wash
The Farmers National Bank of Seven Mile, Ohio (9518), absorbed by The
First National Bank and Trust Company of Hamilton, Ohio
The Akron National Bank, Akron, Pa. (9364), absorbed by the Fulton National Bank of Lancaster, Pa
The National Bank of Newport, Vt. (2263), absorbed by Chittenden Trust
Company, Burlington, Vt
The First National Bank of West Newton, Pa. (5010), absorbed by Peoples
Union Bank of McKeesport, Pa
The First National Bank of Jefferson, Pa. (11370), absorbed by Gallatin National Bank, Uniontown, Pa
.
The First National Bank of Centralia, Pa. (9568), absorbed by The Pennsylvania National Bank and Trust Company of Pottsville, Pa
The First National Bank of Lovelock, Nev. (7654), absorbed by First National Bank of Nevada, Reno, Nev
The First National Bank of Moab, Utah 4 (10925), absorbed by First Security
Bank of Utah, National Association, Ogden, Utah
The First National Bank of Nara Visa, N. Mex. (8663), absorbed by First
National Bank in Dalhart, Tex
Effective
date
Capital
stock
(common)
June 24,1955
$50,000
July 22,1955
300, 000
July 23.1955
45,000
Aug. 26,1955
100,000
Sept. 2,1955
260,000
Sept. 3,1955
75, 000
Sept. 19,1955
200, 000
Oct.
4,1955
50, 000
Oct. 26,1955
50,000
Nov. 15,1955
100,000
Nov. 22,1955
100, 000
Dec. 10,1955
50, 000
Dec. 15,1955
50, 000
Dec. 30,1955
60, 000
Dec. 31,1955
125, 000
Dec. 29,1955
25, 000
Total (37 banks).
12,030,000
i With 1 branch in Boston.
» With 3 branches in Newark.
« With 1 branch each at West Milford, Mountain View, and Haskell.
* With 1 branch in Monticello.
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.
81, 1955, with the effective date and the capital stock
Title and location of bank
The First National Bank of Ardsley, N. Y. (12992), merged with and into
The County Trust Company, White Plains, N . Y
The First National Bank of Pomona, Calif.i (3518), and California Trust
Company, Los Angeles, Calif., merged with and into California Bank, Los
Angeles, Calif
County First National Bank of Santa Cruz, Calif. (9745), merged with and
into First Savings Bank of Santa Cruz, and under the title "County Bank
of Santa Cruz"
The Public National Bank and Trust Company of New York, N. Y.» (11034),
merged with and into Bankers Trust Company, New York
The First National Bank of Perkasie, Pa. (5736), The Dublin National Bank,
Dublin, Pa. (13133), Quakertown Trust Company, Quakertown, Pa., and
Perkasie Trust Company, Perkasie, Pa., were consolidated into "Bucks
County Bank and Trust Company," Perkasie Borough, Bucks County, P a .
The Chase National Bank of the City of New York, N. Y.» (2370), merged
with and into Bank of The Manhattan Company, New York City, N. Y.,
and under the title "The Chase Manhattan Bank"
Merchants National Bank in Plattsburg, N . Y. (13548), merged with and into
State Bank of Albany, N . Y
The Lincoln National Bank of Cincinnati, Ohio (2524), merged with and into
The Fifth Third Union Trust Company, Cincinnati
See footnotes at end of table.
Capital
stock
Effective
date
Jan. 28,1955
$81,250
Mar. 4,1955
700,000
Feb. 28,1955
150,000
Apr.
8,1955
Apr.
4,1955 J1
Mar. 31,1955
15,225, QOO
t
90,000
50,000
111, 000,000
Apr. 18,1955
300,000
May 13,1955
1,000,000
57
REPORT OP THE COMPTROLLER OP THE CURRENCY
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, 1955, with the effective date and the capital stock—Continued
Title and location of bank
The Irvington National Bank and Trust Company, Irvington, N. Y. (6371),
merged with and into The County Trust Company, White Plains, N. Y___
The Port Leyden National Bank, Fort Leyden, N. Y. (11742), merged with
and into Lewis County Trust Company, Lowville, N. Y
Central National Bank of Yonkers, N. Y.* (13319), merged with and into The
County Trust Company, White Plains, N. Y
The Delaware City National Bank, Delaware City, Del. (1332), merged with
and into Wilmington Trust Company, Wilmington, Del
First National Bank in Birdsboro, Pa. (13917), merged with and into City
Bank and Trust Company of Reading, Pa
The Peekskill National Bank and Trust Company, Peekskill, N. Y. (8398),
merged with and into The County Trust Company, White Plains, N. Y___
The Jamaica National Bank of New York, Jamaica, N. Y.« (12550), merged
with and into The Marine Midland Trust Company of New York, N. Y
The Oaklyn National Bank, Oaklyn, N. J. (12621), merged with and into
Camden Trust Company, Camden, N. J
^
1
The Windham National Bank, Willimantic, Conn. (1614), merged with and
into The Connecticut Bank and Trust 7Company, Hartford, Conn
Union National Bank of Pasadena, Calif. (10167), merged with and into California Bank, Los Angeles, Calif
The Covina National Bank, Covina, Calif.8 (8222), merged with and into California Bank, Los Angeles, Calif
The Citizens National Bank of Springville, N. Y. (6330), merged with and into
The Marine Trust Company of Western New York, Buffalo, N. Y
The First National Bank of San Mateo County at Redwood City, Calif.9 (7297),
merged with and into Wells Fargo10Bank, San Francisco, Calif
The Ely National Bank, Ely, Nev. (9310), merged with and into Nevada
Bank of Commerce, Reno, Nev
The First National Bank and Trust Company of Hudson, N. Y.
mei
erged with and into State Bank of Albany, N. Y.
Firstst National Bank of Buffalo, N. Y.12 (13441), merged with and into Manufacturers and Traders Trust Company, Buffalo
The First National Bank of Philadelphia, Pa." (1), merged with and into The
Pennsylvania Company for Banking and Trusts, Philadelphia
Valley National Bank of Alhambra, Calif.14 (14568), merged with and into
First Western Bank and Trust Company, San Francisco, Calif
The First National Bank of Delaware County, Media, Pa.15 (312), merged
with and into Provident Trust Company of Philadelphia, Pa
The First National Bank of Elmsford, N. Y. (12956), merged with and into The
County Trust Company, White Plains, N. Y
The National Bank of Lansdowne, Pa. (13151), merged with and into FidelityPhiladelphia Trust Company, Philadelphia, Pa
First National Bank of Sunnyvale, Calif. (14722), merged with and into First
Western Bank and Trust Company, San Francisco, Calif
The Morton National Bank,Morton, Pa. (13015), merged with and into Broad
Street Trust Company, Philadelphia, Pa
The Commercial National Bank of Alameda, Calif. (11942), merged with and
into First Western Bank and Trust Company, San Francisco, Calif
The First National Bank of Murray, Utah (6558), merged with and into
Walker Bank & Trust Company, Salt Lake City, Utah
First National Bank of Bennington, Vt. (130), merged with and into Brattleboro Trust Company, Brattleboro, Vt
The Market Street National Bank of Philadelphia, Pa. (3684), merged with
and into Tradesmens Bank and Trust Company, Philadelphia, Pa
Total (36 banks).
Effective
date
Capital
stock
May 27,1955
June
$100,000
4
8,1955
June 30,1955
Apr. 28,1955
July
60,000
1,1955
125,000
July 29,1955
200,000
Aug. 12,1955
1,000,000
Aug. 15,1955
75,000
Aug. 22,1955
100,000
Aug. 19,1955
400,000
do
150,000
200,000
Sept. 30,1955
750,000
do
100,000
do
Oct.
200,000
3,1955
Aug. 8,1955
900,000
Sept. 30,1955
5,000,000
Oct. 14,1955
580,000
Oct. 31,1955
800,000
Oct. 28, 1955
140,000
do
150,000
345,000
Oct. 21,1955
Oct. 28,1955
50,000
Dec. 16,1955
100,000
Dec. 15,1955
175,000
Dec. 31,1955
300,000
1,000,000
Dec. 30,1955
4
142,351,250
1 With 2 branches in Pomona.
2 With 24 branches in the City of New York.
3 With 27 branches in the City of New York.
4
Includes $15,050 preferred capital stock.
« With 3 branches in Yonkers.
6
With 1 branch in Jamaica and 1 in Flushing.
7
With 1 branch in Pasadena.
s6 With 1 branch in West Covina.
With 1 branch each in Menlo Park, Belmont, East Palo Alto, and Woodside Terrace District.
i° With 1 branch in McGill.
u2 With 1 branch in Germantown.
i With 1 branch in Cheektowaga.
is4 With 2 branches in Philadelphia.
1 With 1 branch each in Alhambra, Arcadia, and Long Beach.
15
With 1 branch each in Springfield, Swarthmore and Nether Providence Township.
50,000
705,000
58
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 7.—National banks converted into State banks under the provisions of
Public Law 706 {12 U. S. C. 2111), approved Aug. 17, 1950, and the laws of the
States where the banks are located, during the year ended Dec. 81, 1955, with the
effective date and the capital stock
Title and location of bank
Effective date
The First National Bank of Newnan, Ga. (1861), converted into The Citizens
and Southern Newnan Bank, Newnan
__.
Feb. 25,1955
Eagle Grove National Bank, Eagle Grove, la. (14608), converted into Eagle
Grove State Bank, Eagle Grove
.
Mar. 31,1955
The National Bank of Great Neck, N. Y. (14699), converted into Central Bank
and Trust Company, Great Neck
Sept. 26,1955
The First National Bank of Jasper, Mo. (6369), converted into Bank of Jasper. Oct. 11,1955
Total (4 banks) .
Capital
stock
(common)
$125,000
50,000
500,000
40,000
715,000
TABLE NO. 8.—Purchases of State banks by national banks reported during the
year ended Dec. 81, 1955, with title, location, and capital stock of the State banks
and effective dates of purchase
Title and location of bank
Anglo California National Bank, San Francisco, Calif. (9174), purchased The
Suburban Bank, Fair Oaks, Calif
First National Bank of Arizona, Phoenix, Ariz. (3728), purchased the White
Mountain Bank, McNary, Ariz
_
Seattle-First National Bank, Seattle, Wash. (11280), purchased the C. E. Bingham
& Co. State Bank, Sedro Valley, Wash
The United States National Bank of Portland, Oreg. (4514), purchased the Willamette Valley Bank, Salem, Oreg
The National Newark and Essex Banking Company of Newark, N. J. (1316), purchased The Community Trust Company of Bloomfield, N. J
The First National Bank in Creston, Iowa (12636), purchased the Kent State Savings Bank, Kent, Iowa
_
Central-Penn National Bank of Philadelphia, Pa. (723), purchased the Wyoming
Bank and Trust Company, Philadelphia
Seattle-First National Bank, Seattle, Wash. (11280), purchased the Leavenworth
State Bank, Leavenworth, Wash
The United States National Bank of Portland, Oreg. (4514), purchased the Mill
City State Bank, Mill City, Oreg
Liberty National Bank and Trust Company of Louisville, Ky. (14320), purchased
the Bank of Jeffersontown, Ky
Bank of American National Trust and Savings Association, San Francisco, Calif.
(13044), purchased the Peoples Bank, Long Beach, Calif
The First National Bank and Trust Company of New Haven, Conn. (2), purchased the Milford Trust Company, Milford, Conn
The First National Bank of Greenville, Pa. (249), purchased the S. J. Gully Bank,
Farrell, Pa
.
The Bank of California, National Association, San Francisco, Calif. (9655), purchased the Bank of Berkeley, Calif
Seattle-First National Bank, Seattle, Wash. (11280), purchased the Cowlitz Valley
Bank, Kelso, Wash
The United States National Bank of San Diego, Calif. (10391), purchased the Costa
Mesa Bank, Costa Mesa, Calif
Seattle-First National Bank, Seattle, Wash. (11280), purchased the Citizens Independent Bank of Longview, Wash
Seattle-First National Bank, Seattle, Wash. (11280), purchased the Yakima Valley
Bank, Sunnyside, Wash
The Pomeroy National Bank, Pomeroy, Ohio (1980), purchased the Rathburn's
Bank, Rutland, Ohio
The First National Bank of Shreveport, La. (3595), purchased the Bank of Vivian,
LaSeattle-First National Bank, Seattle, Wash. (11280), purchased the Dishman
State Bank, Dishman, Wash
Northern National Bank of Presque Isle, Maine (13768), purchased the Frontier
Trust Company, Fort Fairfield, Maine
The Minden Exchange National Bank, Minden, Nebr. (9400), purchased the
Heartwell State Bank, Heartwell, Nebr
The National Bank of Commerce of Seattle, Wash. (4375), purchased the Nooksack
Valley State Bank, Everson, Wash
The National Newark and Essex Banking Company of Newark, N. J. (1316), purchased the South Orange Trust Company, South Orange, N. J
The First National Bank of Aurora, Ind. (699), purchased the Aurora State Bank,
Aurora
_
The First National Bank and Trust Company hi Steubenville, Ohio (2160), purchased The Miners & Merchants Bank, Smithfield, Ohio..
Effective
date
Feb.
25
Feb. 26
...do
Capital
stock
$125,000
50,000
100,000
Mar. 12
130,000
Mar. 18
200,000
Mar. 26
25,000
Apr. 1
300,000
Apr. 8
100,000
Apr. 30
50,000
May 9
25,000
June 30
550,000
July
250,000
8
July 23
100,000
July 29
325,000
Aug. 5
75,000
Aug. 12
180,000
Aug. 26
100,000
100,000
Sept. 6
10,000
Sept. 9
100,000
Sept. 30
200,000
Oct.
1
160,000
Oct. 15
25,000
Oct. 28
40,000
Oct. 31
112,500
Dec.
17
Dec.
31
60,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
59
TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. SI, 1955, under sections 1, 2, and 8 of the act of Nov. 7>
1918, as amended
Capital
stock
Port Chester National Bank, Port Chester, N . Y.
(14726), w i t h . . .
$100,000
and First "Westchester National Bank of New Rochelle, N . Y. (13955), which h a d . . . .
.._
1,312,500
consolidated Jan. 22, 1955, under charter and title of
the latter bank (13955). The consolidated bank at
1,412,500
date of consolidation had
Oak Lawn National Bank of Dallas, Texas (14549), with.
200,000
and Industrial National Bank of Dallas, Texas (14705),
which had
300,000
consolidated Jan. 22,1955, under charter and title of
the latter bank (14705). The consolidated bank at
date of consolidation had
500,000
The Lehigh National Bank of Catasauqua, Pa. (8283),
with
125,000
and The National Bank of Catasauqua, Pa. (1411),
which had
400,000
consolidated Feb. 18,1955, under charter and title of
the latter bank (1411). The consolidated bank at
date of consolidation had
525,000
The University National Bank of Seattle, Wash.*
(12153), w i t h . .
1,000,000
and The Pacific National Bank of Seattle, Wash. (13230),
which had
_
3,000,000
consolidated Feb. 28,1955, under charter and title of
the latter bank (13230). The consolidated bank at
date of consolidation had
5,000,000
The National Bank of Chester, Vt. (4380), with
50,000
and The Windham National Bank of Bellows Falls,
Vt. (13894), which had
100,000
consolidated Mar. 4,1955, under charter and title of
the latter bank (13894). The consolidated bank at
date of consolidation had
150,000
The Babylon National Bank & Trust Company, Babylon, N . Y. (10358), with
.._
300,000
and First Suffolk National Bank of Huntington, N . Y.
(6587) which had
._
1,036,350
consolidated Mar. 4, 1955. under charter and title of
the latter bank (6587). The consolidated bank at
date of consolidation had
1,432,350
The Baldwin National Bank and Trust Company,
2
Baldwin, N Y. (11474), with
267,500
The Peoples State Bank of Baldwin, N . Y.a, with
262,500
and The Meadow Brook National Bank of Freeport,
N . Y. (7703), which had
._
4,020,000
consolidated Mar. 4, 1955, under charter and title of
the last-named bank (7703). The consolidated bank
4, 746,750
at date of consolidation had
75,000
East Petersburg State Bank, East Petersburg, Pa., with.
and The Fulton National Bank of Lancaster, Pa.
900,000
(2634), which had
consolidated Mar. 24,1955, under charter and title of
the latter bank (2634). The consolidated bank at
980,000
date of consolidation had
The Roslyn National Bank * Trust Company, Roslyn,
525,000
N. Y. (13326), with...
The First National Bank of Mineola, N . Y. (9187),
140,000
with
The First National Bank of Glen Cove, N . Y. (13143),
100,000
with
.._.__
and The Franklin National Bank of Franklin Square,
7,393,000
N . Y. (12997), which had
consolidated Mar. 25,1955, under charter and title of
the last-named bank (12997). The consolidated
8,036,750
bank at date of consolidation had
75,000
State Bank of Dravosburg, Pa., with
and The First National Bank of McKeesport, Pa.
1,800,000
(2222), which had
consolidated Mar. 26,1955, under charter and title of
the latter bank (2222). The consolidated bank at
date of consolidation had
1,893,750
See footnotes at end of table.
Surplus
Undivided
profits
Assets
$100,000
$35,401
$2,046,154
1,312,500
671,960
43, 505, 580
1,412,500
61,500
707,361
38,102
45, 551, 735
7, 680,536
150,000
20,578
5,796,651
13, 477,187
200,000
70,190
225,000
71,586
4,986,236
700,000
300,175
13,506,933
1,000,000
296,760
18,493,169
1,000,000
916,253
30,225,436
3,000,000
2,702,212
111, 492,663
4,000,000
40, 600
2,618,465
16,240
141, 716,048
649 959
100,000
72, 590
2,637,284
150,000
79,430
3,287,243
700,000
132,848
12,518,053
1,302,100
695,036
44,393,424
1,906,100
827,884
56,911,478
232,500
292,500
189,870
61,761
8,939,128
9,167,392
4,078,140
1,659,855
159,159,793
4,146,610
100,000
177,203,251
3,012,195
1,000,000
2,108,204
82,188
1,064,080
1,100,000
1,129,694
42,405,114
435,000
82, 472
14,549,085
100,000
210,062
13,078,048
150,000
73,944
5,168,719
7,393,000
5,810,741
301,634,382
8,036,750
150,000
6,339,719
92,041
334,430,234
3,342,200
2,700,000
906,517
71,704,239
3,106,250
714,047
75,037,520
39,404,494
60
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. 81, 1955, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
First National Bank in Westport, Conn. (14663), with_.
and The Connecticut National Bank, Bridgeport,
Conn. (335), which had
consolidated Apr. 1, 1955, under the charter of the
latter bank (335), and title " T h e Connecticut National Bank, Bridgeport." The consolidated bank
at date of consolidation had
Northern Solano Savings Bank, Dixon, Calif., with
and The First National Bank of Dixon, Calif. (10120),
which had
consolidated Apr. 8, 1955, under charter and title of
the latter bank (10120). The consolidated bank at
date of consolidation had
The West Chester County National Bank of Peekskill,
N . Y. (1422), with
.
The Crestwood National Bank in Tuckahoe, N . Y.
(13889), with
and National Bank of Westchester, White Plains,
N. Y. (10525), which had
consolidated Apr. 8, 1955, under charter and title of
the last-named bank (10525). The consolidated
bank at date of consolidation had
The National City Bank of Long Beach, N. Y.« (13074),
with
and The Meadow Brook National Bank of Freeport,
N . Y. (7703), which had
consolidated Apr. 14,1955, under charter and title of
the latter bank (7703). The consolidated bank at
date of consolidation had
Bank of New Hyde Park, N . Y.», with
and The Meadow Brook National Bank of Freeport,
N . Y. (7703), which had..
consolidated Apr. 14,1955, under charter and title of
the latter bank (7703). The consolidated bank at
date of consolidation had
The Prospect-Citizens Bank, Prospect, Ohio «, with
and the National City Bank of Marion, Ohio (11S31),
which had
consolidated Apr. 23,1955, under charter and title of
the latter bank (11831). The consolidated bank at
date of consolidation had
Nassau County Trust Company, Mineola, N. Y.,7 with.
and The Franklin National Bank of Franklin Square,
N . Y. (12997), which had.
consolidated May 13, 1955, under charter and title of
the latter bank (12997). The consolidated bank at
date of consolidation had
Fontana National Bank, Fontana, Calif. (14656), with..
and Citizens National Trust & Savings Bank of Riverside, Calif. (8907), which had
.
consolidated June 10,1955, under charter and title of
the latter bank (8907). The consolidated bank at
date of consolidation had
The First National Bank of Lindenhurst, N. Y. (8833),
with
The First National Bank of Islip, N . Y. (8794), with.._
and First Suffolk National Bank of Huntington, N . Y.
(6587), which had
consolidated June 10,1955, under charter and title of
the last-named bank (6587). The consolidated bank
at date of consolidation had
__
Pennsauken National Bank, Pennsauken, N. J.8 (12903^,
with
and First Camden National Bank and Trust Company, Camden, N . J. (1209), which had
consolidated June 30,1955, under charter and title of
the latter bank (1209). The consolidated bank at
date of consolidation had
The National Bank of Penbrook, Pa. (12197), with
and The Harrisburg National Bank, Harrisburg, Pa.
(580), which had
consolidated July 1, 1955, under charter and title of
the latter bank (580). The consolidated bank at
date of consolidation had..
_
See footnotes at end of table.
Surplus
Undivided
profits
Assets
$150,000
$45,000
$25,798
$4,489,487
3,000,000
4,000,000
1,050,942
127,909,332
3,135.000
50,000
4,045,000
90,000
1,109,677
35,357
138,241,722
2,432, 645
50,000
90, 000
39,877
3,126,370
100,000
180, 000
75,234
5, 559,015
600, 000
250, 000
322, 045
14,030,017
100,000
150, 000
29, 405
3, 538,485
2,385,000
2,967,500
1,179,401
112, 493,396
3,067, 500
3,385,000
1, 530, 852 130,061,898
403,920
403,920
4,746,750
4,146,610
2,294, 695 179,053,952
5,231,454
275,000
4,495,296
300,000
2,4*3,373 193,381,957
193, 431 11,280,964
5,231,454
4,495, 296
2,483,373
193,381,957
5,671,454
100,000
3,540,000
75,000
3,767,950
58,957
204.662,921
2, 672,329
500,000
600,000
464,643
21,077,944
700,000
1,000,000
700,000
700,000
430,701
224,423
23,669,119
30,837,655
8,036,750
8,036,750
6, 508,625
354,987,267
8,716,750
200,000
8,716,750
51,100
7,076,898
101,174
385,824,922
5,909,963
3,600,000
3,600,000
2.242,304
158,338,005
3,776,000
3,776,000
2,242,578
164,198,905
270,000
150,000
300,000
300,000
74,339
69,233
8,899,654
7,116,342
1,432,350
1,906,100
918,121
64,650,990
1,830,600
2,527,850
1,061,693
80,666,986
250,000
205,000
30,475
6,531,689
2,000,000
3,000,000
333,025
85,322,143
2,234,375
50,000
3,015,625
200,000
568,500
93,516
91,823,781
4,699,635
500,000
1,000,000
443,438
24,986,424
625,000
1,200,000
461,945
29,059,959
214,228
14,323,572
REPORT OF THE
COMPTROLLER OF THE
CURRENCY
61
TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1955, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
The Spring Valley National Bank, Spring Valley, Ohio
(7896),with_________
and The Citizens First National Bank of Xenia, Ohio
(2575), which had
consolidated July 19, 1955, under charter and title
of the latter bank (2575). The consolidated bank
at date of consolidation had
__.
Carolina National Bank of Anderson, S. C.« (12175),
with
and The First National Bank of South Carolina of
Columbia, S.C. (13720), which had
consolidated July 21, 1955, under charter and title of
the latter bank (13720). The consolidated bank at
date of consolidation had
United States Trust Company, Louisville, Ky., with
and Liberty National Bank and Trust Company of
Louisville, Ky. (14320), which had
consolidated July 22, 1955, under charter and title of
the latter bank (14320). The consolidated bank at
date of consolidation had
The First National Bank of Falconer, N. Y. (5407),
with
-and Chautauqua National Bank & Trust Company
of Jamestown, N . Y . (8453), which had
consolidated July 29,1955, under charter of the latter
bank (8453), and title "Chautauqua National Bank
of Jamestown." The consolidated bank at date of
consolidation had
Yucaipa Valley National Bank, Yucaipa, Calif. (14571),
with
.
and Citizens National Trust & Savings Bank of
Riverside, Calif. (8907), which had. _
consolidated Aug. 12,1955, under charter and title of
the latter bank (8907). The consolidated bank at
date of consolidation had
The Central National Bank of Mineola, N. Y.io (13404),
with
and The Meadow Brook National Bank of Freeport,
N.Y. (7703), which had
consolidated Aug. 17,1955, under charter and title of
the latter bank (7703). The consolidated bank at
date of consolidation had
North Shore Bank Trust Company, Oyster Bay, N. Y.,
with
and The Meadow Brook National Bank of Freeport,
N.Y. (7703), which had.
consolidated Aug. 17, 1955, under charter and title of
the latter bank (7703). The consolidated bank at
date of consolidation had
The Orwell Banking Company, Orwell, Ohio, with
and The Farmers National Bank and Trust Company of Ashtabula, Ohio (975), which had.
consolidated Aug. 20, 1955, under charter and title of
the latter bank (975). The consolidated bank at
date of consolidation had
Fort Loudon State Bank, Fort Loudon, Pa., with
and The National Bank of Chambersburg, Pa. (593),
which had
consolidated Sept. 17,1955, under charter and title of
the latter bank (593). The consolidated bank at
date of consolidation had
The Safe Deposit National Bank of New Bedford,
Mass." (12405), with
and The First National Bank of New Bedford,
Mass. (261), which had
.
consolidated Sept. 21,1955, under charter of the latter
bank (261), and title "The First Safe Deposit National Bank of New Bedford." The consolidated
bank at date of consolidation had
The Berlin National Bank, Berlin, N. J. (9779), with.. _.
and First Camden National Bank and Trust Company, Camden, N. J. (1209), which had
consolidated Sept. 23,1955, under charter and title of
the latter bank (1209). The consolidated bank at
date of consolidation had
See footnotes at end of table.
389422—56
5
Undivided
profits
Assets
$50,000
$70,000
250,000
250,000
350,000
350,000
300,000
450,000
700,000
800,000
416,130
31,952,750
1,100,000
500,000
1,100,000
400,000
832,719
366,854
45, 273,192
6,514,385
2,500,000
2, 500,000
424, 253 106,140,546
3,250,000
2,900,000
643,957
150,000
150,000
236,410
1,000 000
1,700.000
717,078
39,276,000
1,150,000
1,850,000
953,488
48,776,204
50,000
50,000
63,756
3,494,461
3,776,000
3,776,000
2,473,921
171,018,530
3,864,000
3,864,000
2,461,677
174,329, 506
600,000
429,000
160,057
23, 705,845
5, 784,880
5,671,454
1,990,425
220, 334,911
6,424,880
6,250,000
1,960,936
244,040,756
125,000
125,000
146,097
7,310,457
6,424,880
6,250,000
1,960, 936 244,040, 756
6,659,255
50,000
5,905,829
100,000
2,475,702
28,367
251, 365, 568
2,473, 799
382, 500
617, 500
472, 659
19, 269,719
700,000
25,000
700,000
26,000
265,491
18,162
21, 763,483
534, 523
450,000
1,000,000
265,877
14, 235,350
475,000
l,D26,000
284,039
14, 769,873
350,000
832,000
206,922
15,874,324
660,000
450,000
481,869
23,189,431
1,220,000
25,000
1,220,000
350,000
540,792
27,638
39,063, 755
5,256,294
2, 234, 375
3,015,625
569, 216
94,535,960
2,371,875
3, 253,125
596,855
99,792,254
$13,483
$1,188,453
7,994,454
24,415
9,182,908
13,342,667
112,654,931
9, 500,204
62
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. 81, 1955, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
Surplus
State Trust Company, Maysville, Ky., with
$30,000
$30,000
and the State National Bank of Maysville, Ky. (2663),
which had
250, 000
150,000
consolidated Sept. 30,1955, under charter and title of
the latter bank (2663). The consolidated bank at
date of consolidation had
300,000
300,000
The Bank of Fieldale,Va.i2, with
100,000
150,523
and The First National Bank of Martinsville, Va.
(7206), which had
700,000
200,000
consolidated Sept. 30,1955, under charter of the latter
bank (7206), and title "The First National Bank of
Martinsville and Henry County." The consolidated bank at date of consolidation had
500,000
625,000
The Lynchburg Trust and Savings Bank, Lynchburg,
Va.i3,with
400,000
400,000
and The First National Bank of Lynchburg, Va.
(1558), which had
570,000
1,000,000
consolidated Sept. 30,1955, under charter of the latter
bank (1558), and title "First National Trust and
Savings Bank of Lynchburg." The consolidated
1, 500,000 1,000,000
bank at date of consolidation had
500,000
The Morris Plan Bank of New Haven, Conn., with
260,000
and The New Haven Bank National Banking Association, New Haven, Conn. (1243), which had
1,000,000 1, 500, 000
consolidated Sept. 30,1955, under charter and title of
the latter bank (1243). The consolidated bank at
1,325,000 2,000, 000
date of consolidation had
The City National Bank of Binghamton, N. Y.i* (1189),
with
1,000,000 1,000,000
and First National Bank of Binghamton, N. Y. (202),
which had
1,000,000 1,500,000
consolidated Sept. 30,1955, under charter of the latter
bank (202), and title "First-City National Bank of
Binghamton, N . Y." The consolidated bank at
date of consolidation had
2,500,000 2,500,000
75,000
The First National Bank of Windsor, Pa. (12063), w i t h . .
50,000
and The Drovers & Mechanics National Bank of
850,000
500,000
York, Pa. (2958), which had
consolidated Sept. 30, 1955, under charter and title of
the latter bank (2958). The consolidated bank at
930,000
545,000
date of consolidation had
Louisiana Bank & Trust Company, New Orleans,
650,000
800,000
La. is, with
,
and The National Bank of Commerce in New Or3,600,000 5,000,000
leans, La. (13689), which had
consolidated Oct. 3, 1955, under charter and title of
the latter bank (13689). The consolidated bank at
4,400,000 6,000, 000
date of consolidation had
South Bay National Bank of Center Moriches, N . YM
150,000
150,000
(14727), with
The Bank of Northern Brookhaven, Port Jefferson,
375,000
412,500
N.Y.i7,with
and First Suffolk National Bank of Huntington,
1,830,600 2,527,850
N . Y . (6587), which had
consolidated Nov. 4, 1955, under charter and title of
the last-named bank (6587). The consolidated
2,319,430 3,126, 520
bank at date of consolidation had
130,000
50,000
The National Bank of Pine Bush, N. Y. (13960), w i t h - . .
and The National Bank of Middletown, N . Y.
500,000
250,000
(13956), which had
consolidated Nov. 10,1955, under charter of the latter
bank (13956), and title "County National Bank,
Middletown." The consolidated bank at date of
310,000
630,000
consolidation had
Industrial National Bank-Detroit, Mich.is (14443),
2,750,000 5,750,000
with
and The Manufacturers National Bank of Detroit,
8,000,000 14,000,000
Mich. (13738), which had
.
consolidated Nov. 18, 1955, under charter and title of
the latter bank (13738). The consolidated bank at
the date of consolidation had
10, 750,000 19, 750,000
See footnote? at end of table.
Undivided
profits
Assets
$41, 516
$129,026
297,089
7, 391,698
198,604
15, 651
7,469,424
3, 575,373
179,189
16, 297, 590
220,364
19, 536, 414
131, 229
9, 769,351
453, 564
22, 315,204
421, 976
94, 748
32,091,837
2, 664, 858
570, 560
40, 489,118
600, 307
43,153,976
1,022, 306
28,070,053
578,047
43,433,525
1,100, 353
19,113
71,503,579
1, 506,623
227, 978
15, 482,700
247,091
16, 989,323
546, 635
36,785,050
1, 593,016 199,056,465
1,789,651
84,613
235,841,516
5,400, 240
156,175
11,789,031
1,496,097
81,040,932
1,736,885
76,012
98,230,204
2,161,623
258,955
13,344,336
324,967
15,505,959
2,162,916
173,760,466
6, 552,404 617,070,642
8, 715,320 790,831,108
REPORT OF THE COMPTROLLER OF THE CURRENCY
63
TABLE N O . 9.—Consolidations of national bankSj or national and State
j
during the year ended Dec. 31, 1955, under sections 1, #, and 8 of the act of Nov. 7,
1918', as amended—Continued
Capital
stock
Surplus
The Washington County National Bank of Granville,
$100,000
$200,000
N.Y. (7255), with
and The First National Bank of Glens Falls, N . Y.
1,000,000 1,000,000
(980), which had
consolidated Dec. 2, 1955, under charter and title of
the latter bank (980). The consolidated bank at
1,187, 500 1,187, 500
date of consolidation had
Citizens Deposit and Trust Company, Sharpsburg,
250,000
700,000
Pa., with
and The First National Bank of McKeesport, Pa.
1,893, 750 3,106,250
(2222), which had
consolidated Dec. 3, 1955, under charter and title of
the latter bank (2222). The consolidated bank at
2,193,750 3, 806, 250
date of consolidation had
The Peoples National Bank of Steubenville, Ohio i9
500,000
(7688), with
_•__._
500,000
and The National Exchange Bank and Trust Company of Steubenville, Ohio (2160), which had
500,000
800,000
consolidated Dec. 10,1955, under charter of the latter
bank (2160), and title "The First National Bank
and Trust Company in Steubenville." The consolidated bank at date of consolidation had
1,000,000 1,300,000
200,000
120,000
Loop National Bank of Mobile, Ala. (14600), with
187, 500
187, 500
Prichard National Bank, Prichard, Ala. (14455), with_
and The Merchants National Bank of Mobile, Ala.
1,750,000 3, 750,000
(13097), which had
consolidated Dec. 30, 1955, under charter and title of
the latter bank (13097). The consolidated bank at
date of consolidation had
2,020,000 4,175,000
United Bank and Trust Company, St. Louis, Mo.,
with
1,000,000 2,000,000
and First National Bank in St. Louis, Mo. (170),
which had
14,000,000 16,000,000
consolidated Dec. 30, 1955, under charter and title of
the latter bank (170). The consolidated bank at
15,400,000 19,600,000
date of consolidation had
The Citizens Bank of Madison, Ohio, with
. 50,000
115,000
and The Lake County National Bank of Painesville,
Ohio (14686), which had
400,000
400,000
consolidated Dec. 31, 1955, under charter and title of
the latter bank (14686). The consolidated bank at
487, 500
date of consolidation had
487, 500
50,000
35,000
The Bank of Cameron, S. C , with
and First National Bank in Orangeburg, S. C.
125,000
315,000
-(13918), which had
consolidated Dec. 31, 1955, under charter and title of
the latter bank (13918). The consolidated bank at
175,000
350,000
date of consolidation had
Undivided
profits
Assets
$184,052
$5,473,930
988,430
36, 602,101
1, 097,482
42,076, 030
299, 578
8, 503, 398
1,275,107
83,446,353
1,524,685
91,949, 751
199, 902
14,708,901
331, 916
25,847, 314
531,818
98, 239
95, 341
40,556,096
6, 616, 917
6,114,944
1,033, 204 111, 510,894
1,226, 783 123,646, 705
695,960
64, 532,979
11,410, 644 614,385, 258
10,106, 594 678,408, 626
56, 252
3,871, 515
160,793
18,276,275
232,106
68, 549
22,172,852
1,107,309
191,315
9,369,112
259,864
10,476,421
1 With 1 branch in Seattle.
11 With 1 branch in New Bedford.
2
Includes $7,500 preferred capital stock.
12 With 1 branch in Collinsville.
3 With 1 branch in South Hempstead.
is With 1 branch in Lynchburg.
* With 2 seasonal agencies, 1 in West End Resort
i* With 1 branch in Binghamton.
Community of Long Beach and 1 in Island Park.
is With 3 branches in New Orleans.
* With 1 branch in New Hyde Park.
16 With 1 branch in Eastport.
6 With 1 branch at Green Camp.
17 With 1 branch each in Port Jefferson Station and
i With 1 branch each at Sea Cliff and Garden City. Rocky Point.
s With 1 branch in Pennsauken.
is With 13 branches in Detroit and 1 each in Mel9 With 1 branch in Anderson.
vindale and Pleasant Ridge.
is With 1 branch in Wintersville.
10 With 1 branch in East Williston.
64
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. 81, 1955, under sections 4 and 5 of the act of Nov. 7, 1918, as
amended
Capital
stock
The Hamilton County National Bank of Wells,
N. Y. (13289), with.
and The Manufacturers National Bank of Troy,
N. Y. (721), which had
merged Feb. 28,1955, under charter and title of the
latter bank (721). The merged bank at date of
merger had
The First National Bank of the City of New York,
N. Y. (29), with
and The National City Bank of New York, N . Y.
(1461), which had
merged Mar. 30, 1955, under charter of the latter
bank (1461) and title "The First National City
Bank of New York." The merged bank at date
of merger had
The First National Bank of Old Forge, N . Y. (10964),
with
and The Oneida National Bank and Trust Company of Utica, N . Y. (1392), which had
merged Mar. 31,1955, under charter and title of the
latter bank (1392). The merged bank at date of
merger had
The Inter-State National Bank of Kansas City, Mo.
(4381), with
and The First National Bank of Kansas City, Mo.
(3456), which had
merged Apr. 29,1955, under charter and title of the
latter bank (3456). The merged bank at date of
merger had
The Athens National Bank, Athens, N . Y. (10856),
with
and The National Commercial Bank and Trust
Company of Albany, N . Y. (1301), which h a d . . . .
merged May 6,1955, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
The Merchants National Bank of Whitehall, N . Y.
(2233), with
and The National Commercial Bank and Trust
Company of Albany, N . Y. (1301), which h a d . . . .
merged Sept. 9,1955, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
Bank of South San Francisco, Calif., with
and Anglo California National Bank, San Francisco, Calif. (9174), which had.
merged Sept. 23,1955, under charter and title of the
latter bank (9174). The merged bank at date of
merger had
The Rochester National Bank, Rochester, Mich.
(13841), with
The Utica National Bank, Utica, Mich. (14022),
with
Grosse Pointe Bank, Grosse Pointe, Mich.i, w i t h . .
and National feank of Detroit, Mich. (13671),
which had
merged Sept. 30,1955, under charter and title of the
last-named bank (13671). The merged bank at
date of merger had
The Central National Bank and Trust Company of
Middletown, Conn. (1340), with
The Middletown National Bank, Middletown,
Conn. (1216), with
and Hartford National Bank and Trust Company,
Hartford, Conn. (1338), which had
merged Oct. 28, 1955, under charter and title of the
last-named bank (1338). The merged bank at
date of merger had.
The Port City Bank, North Charleston, S. C.2, with.
and The South Carolina National Bank of Charleston, S. C. (2044), which had
merged Oct. 31,1955, under charter and title of the
latter bank (2044). The merged bank at date of
merger had
See footnotes at end of table.
Surplus
Undivided
profits
Total assets
$50,000
$50,000
$121,331
$1,653,663
1, 500,000
1,500,000
1,042,088
47,360,645
1,500,000
1,500,000
1,042,088
49,017,954
30,000,000 100,000,000
13,822, 278
715,375,981
200,000,000 300,000,000
53,622,739
5,696,792,900
200,000,000 300,000,000
53, 622, 739 6,434,766,178
50,000
150,000
87, 519
2,149,330
1,000,000
2, 500,000
933,409
65, 275,971
67,446,734
1,067,500
2,650,000
1,003,428
2,000,000
2,000,000
1,611,862
3,000,000
9,000,000
3, 747,120
261,425,023
4,250,000
11,750,000
5,358, 982
327, 208, 724
50,000
70,000
64, 685
1, 240, 682
3,000,000
7,500,000
2,820,407
196,394, 252
3,000,000
7, 500,000
2, 760, 608
197,387, 744
60,000
60,000
253, 773
3,190,908
3,000,000
7, 500,000
3,007, 730
203,067,313
3,000,000
150,000
7, 500,000
200,000
3,000,102
399,760
205, 543,891
12,166,473
26, 250,000 26, 250,000 11, 761,368
940, 795,281
26, 655,000 26, 655,000 11,701,129
952,961,754
65,783, 701
150,000
350,000
225, 570
11,411,691
250,000
625,000
180,000
725,000
198,696
592,365
12,006,153
36,183,259
22, 500,000 67,500,000
18,898,675
1,915,179,394
23,318,390
68,681,610
19,908,899
1,968,685,095
250,000
350,000
395,064
10,136,666
250,000
250,000
186,932
8,700,395
10,000,000
12,000,000
6,720,706
356,422,049
10,000,000
100,000
12,000,000
75,000
6,203,437
69,089
375,184,844
3,350,390
2,500,000
5,000,000
2,198,370
198,552,091
2,550,000
5,125,000
2,267,459
201,902,481
65
REPORT OF THE COMPTROLLER OP THE CURRENCY
TABLE N O . 10.—Mergers of national banks, or national and State banks, during the
year ended Dec. 31, 1955, under sections 4 °>nd 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
The Peoples-First National Bank of Hoosick Falls,
N. Y. (2471), with
and The National Commercial Bank and Trust
Company of Albany, N. Y. (1301), which had
merged Nov. 7, 1955, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
The Citizens National Bank and Trust Company of
Pottstown, Pa. (4714), with
The Hatboro National Bank, Hatboro, Pa. (2253),
with
and The Philadelphia National Bank, Philadelphia, Pa. (539), which had
merged Dec. 9, 1955, under charter and title of the
last-named bank (539). The merged bank at
date of merger had
The National Bank of Hudson, Ohi6 (9221), with
and First National Bank of Akron, Ohio (14579),
which had
merged Dec. 30, 1955, under charter and title of the
latter bank (14579). The merged bank at date of
merger had
Surplus
Undivided
profits
Total assets
$250,000
$250,000
$575,205
$9,340,508
4,000,000
8,550,000
2, 560,910
235,893,202
4,200,000
8,550,000
2,936,115
245, 233, 709
150,000
400,000
243, 532
9,292, 529
150,000
300,000
85, 539
9, 656, 291
16, 393,333 48,606, 667 15, 230,833
927,101, 653
16, 648,333 49,351,667
100,000
125,000
15, 559,905
83,018
946,050, 572
5,398,867
3, 500,000
5,500,000
2,196, 759
216,189,306
3, 640,000
5, 500,000
2,364,434
221,595, 207
1 With 1 local branch and 1 at Grosse Pointe Farms.
2 With 1 branch at Dual Lane Highway No. 52, Ten Mile Hill.
TABLE N O . 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1955
Charter
No.
Title and location of bank
Branches authorized
under act of Feb. 25,
1927, as amended
Local
3185
14569
13097
1814
6173
14160
The First National Bank .of Birmingham..
Birmingham Trust Rational Bank, Birmingham..
The Merchants National Bank of Mobile
The First National Bank of Montgomery
The City National Bank of Tuscaloosa
First National Bank of Tuscumbia
3728
14324
First National Bank of Arizona, Phoenix..
The Valley National Bank of Phoenix
13949
The First National Bank in Little Rock
14568
14670
5927
2491
14671
8907
3050
10391
9174
13044
Valley National Bank of Alhambra
Buttonwillow National Bank, Buttonwillow
Citizens National Trust & Savings Bank of Los Angeles
Security-First National Bank of Los Angeles
Sun Valley National Bank of Los Angeles
Citizens National Trust & Savings Bank of Riverside
The First National Trust and Savings Bank of San Diego
The United States National Bank of San Diego
Anglo California National Bank, San Francisco
Bank of America National Trust and Savings Association, San
Francisco
The Bank of California, National Association, San Francisco
The First National Bank of San Jose
First National Bank in San Rafael
Other
than
local
Total
ARKANSAS
CALIFORNIA
9655
2158
12640
1
1
3
2
1
3
2
3
7
28
3
2
2
66
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1955—Continued
Charter
No.
Title and location of bank
Branches authorized
under act of Feb. 25.
1927, as amended
Local
CONNECTICUT
335
13042
1338
1249
2
1243
The Connecticut National Bank, Bridgeport
First National Bank in Greenwich
_•
Hartford National Bank and Trust Company, Hartford
The First National Bank & Trust Company of New Canaan
The First National Bank and Trust Company of New Haven
The New Haven Bank National Banking Association, New Haven.
GEORGIA
1559
2338
11100
The First National Bank of Atlanta
The First National Bank of Columbus
The Idaho First National Bank, BoiseFidelity National Bank of Twin Falls..
INDIANA
13717
13987
Lincoln National Bank and Trust Company of Fort Wayne.
Gary National Bank, Gary
The Indiana National Bank of Indianapolis.._
First National Bank in Marion
_._
The National Bank and Trust Company of South Bend
2560
13757
906
109
14320
2726
4765
14138
3832
The Farmers National Bank of Cynthiana
___
The First National Bank of Henderson
First National Bank and Trust Company of Lexington
The First National Bank of Louisville
Liberty National Bank and Trust Company of Louisville
The American National Bank of Newport
The Newport National Bank, Newport
The Owensboro National Bank, Owensboro
The First and Farmers National Bank of Somerset
13737
14462
9834
14753
14621
13689
3595
City National Bank of Baton Rouge
Fidelity National Bank of Baton Rouge
Louisiana National Bank of Baton Rouge
The National Bank of Commerce in Jefferson Parish..
Gulf National Bank at Lake Charles
The National Bank of Commerce in New Orleans
The First National Bank of Shreveport
1437
4128
941
13768
The Merchants National Bank of Bangor.
First Portland National Bank, Portland..
The Canal National Bank of Portland
Northern National Bank of Presque Isle. _
1244
13147
12590
The Farmers National Bank of Annapolis
The Catonsville National Bank, Catonsville
The Nicodemus National Bank of Hagerstown
1129
200
528
14266
4703
13395
1014
261
13252
The Andover National Bank, Andover
The First National Bank of Boston
_
The Framingham National Bank, Framingham
Merrimack National Bank of Haverhill
-..
The Park National Bank of Holyoke
The Barnstable County National Bank of Hyannis
Bay State Merchants National Bank of Lawrence
The First Safe Deposit National Bank of New Bedford _
Newton National Bank, Newton
7725
14468
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
Other
than
local
Total
REPORT OF THE COMPTROLLER OP THE CURRENCY
67
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1955—Continued
Branches authorized
under act of Feb. 25,
1927, as amended
Charter
No.
Title and location of bank
Local
M ASSACHUSETTS—continued
779
4907
13411
7297
1135
The Plymouth National Bank, Plymouth- __
Springfield National Bank, Springfield
First National Bank of Webster
The Wellesley National Bank, Wellesley
The Mechanics National Bank of Worcester.
14641
13738
13671
13820
14032
1731
Peoples National Bank of Bay City
The Manufacturers National Bank of Detroit
_•
National Bank of Detroit
The American National Bank and Trust Company of KalamazooMichigan National Bank, Lansing
The First National Bank of Lapeer
MISSISSIPPI
5176
First National Bank of Hattiesburg
7038
First National Bank of Nevada, Reno
NEVADA
NEW JERSET
11368
3866
1209
3843
12598
10376
1316
1452
14145
329
2257
11759
5005
3709
12949
The Boardwalk National Bank of Atlantic City
The Bergenfield National Bank and Trust Company, Bergenfield-.
The First National Bank of Bound Brook
First Camden National Bank and Trust Company, Camden
The First National Bank of Glassboro
The First National Bank of Highland Park
The Keansburg National Bank, Keansburg
The National Newark and Essex Banking Company of Newark
The National State Bank of Newark
The National Bank of Ocean City
First National Bank and Trust Company of Paterson
The Second National Bank of Red Bank
i
Citizens First National Bank and Trust Company of Ridgewood- _
The Rutherford National Bank, Rutherford
The Broad Street National Bank of Trenton
The Prospect National Bank of Trenton
13814
12485
6183
7503
First National Bank in Albuquerque
Albuquerque National Bank, Albuquerque.
The First National Bank of Farmington
The First National Bank of Hagerman
NEW MEXICO
NEW YORK
The National Commercial Bank and Trust Company of AlbanyFirst-City National Bank of Binghamton
Peninsula National Bank of Cedarhurst
South Bay National Bank of Center Moriches
14727
12997 The Franklin National Bank of Franklin Square
7703 The Meadow Brook National Bank of Freeport
_
980 The First National Bank of Glens Falls
11087 The Long Island National Bank of Hicksville
396 The First National Bank and Trust Company of Hudson
990 The Farmers National Bank of Hudson
6587 Security National Bank of Huntington
222 First National Bank of Ithaca
548 The First National Bank of Jamestown
8453 Chautauqua National Bank of Jamestown
13956 County National Bank, Middletown
13955 First Westchester National Bank of New Rochelle
1461 The First National City Bank of New York
12788 The Peoples National Bank of Patchogue
2410 The Farmers National Bank and Trust Company of Rome
.
1226 The Mohawk National Bank of Schenectady
See footnote at end of table.
1301
202
11854
Other
than
local
Total
68
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1955—Continued
Branches authorized
under act of Feb. 25,
1927, as amended
Charter
No.
Title and location of bank
Local
12963
721
1392
10525
13319
NEW YORK—Continued
The Fort Neck National Bank of Seaford...
The Manufacturers National Bank of Troy
The Oneida National Bank and Trust Company of Utica..
National Bank of Westchester, White Plains—
-_.
Central National Bank of Yonkers
-
9164
13779
13761
10608
13791
14428
The Union National Bank of Charlotte
The Citizens National Bank in Gastonia
--Security National Bank of Greenboro
The Planters National Bank & Trust Company of Rocky Mount
The National Bank of Sanford.
_
City National Bank of Winston-Salem.
14579
975
6249
786
14761
7621
5065
56
4164
11831
14565
14686
1980
238
14105
2160
14586
13797
828
2575
5760
First National Bank of Akron..
The Farmers National Bank and Trust Company of Ashtabula..
The First National Bank of Burton
The National City Bank of Cleveland...
Society National Bank of Cleveland..
—
The City National Bank & Trust Company of Columbus
The Ohio National Bank of Columbus
The First National Bank and Trust Company of Hamilton
The Citizens National Bank of Marietta
The National City Bank of Marion
First National Bank of Middletown
The Lake County National Bank of Painesville
The Pomeroy National Bank, Pomeroy
The Fiist National Bank of Springfield
..
Lagonda National Bank of Springfield
The First National Bank and Trust Company in Steubenville...
The National Bank of Toledo
Van Wert National Bank, Van Wert
The Wayne County National Bank of Wooster
_
The Citizens First National Bank of Xenia.
_._
The Citizens National Bank of Zanesville
NORTH CAROLINA
OHIO
OREGON
1553
4514
The First National Bank of Portland
The United States National Bank of Portland
PENNSYLVANIA
6645
14037
14251
717
664
593
12526
355
5920
14191
249
580
13026
2634
9312
2222
4938
871
312
14139
5227
14274
723
539
6301
The Merchants National Bank of Allentown
Ambler National Bank, Ambler
The Bridgeville National Bank, Bridgeville
The Farmers National Bank of Bucks County, Bristol.
The First National Bank of Carbondale
The National Bank of Chambersburg.
The Cheltenham National Bank, Cheltenham
_
The Delaware County National Bank, Chester
The First National Bank of Fredericktown
The Girard Battles National Bank, Girard.
The First National Bank of Mercer County, Greenville
The Harrisburg National Bank, Harrisburg.
The Perm Valley National Bank of Hatfield...
The Fulton National Bank of Lancaster
The First National Bank of Landisville
The First National Bank of McKeesport
First National Bank of Meadville
The Merchants National Bank and Trust Company of Meadville..
The First National Bank of Delaware County, Media
_.
The National Bank of Narberth
The Cement National Bank, Northampton
_.
Oil City National Bank, Oil City
Central-Penn National Bank of Philadelphia.
The Philadelphia National Bank, Philadelphia
Mellon National Bank and Trust Company, Pittsburgh
Other
than
local
Tota
REPORT OF THE COMPTROLLER OF THE CURRENCY
69
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1955—Continued
Branches authorized
under act of Feb. 25,
1927, as amended
Charte;
No.
Title and location of bank
Local
Other
than
local
118
1271
PENNSYLVANIA—continued
252
1663
5351
14093
5034
732
197
2958
2303
604
Peoples First National Bank & Trust Company, Pittsburgh
The Pennsylvania National Bank and Trust Company of Potts ville.
The Peoples National Bank of Tarentum
National Bank of Union City
Gallatin National Bank, Uniontown
The Wyoming National Bank of Wilkes-Barre
The First National Bank of York
The Trovers & Mechanics National Bank of York
The Western National Bank of York
The York National Bank and Trust Company, York
13981
1302
The Columbus National Bank of Providence..
Industrial National Bank of Providence
9083
2044
13720
1935
13918
The First National Bank of Camden
The South Carolina National Bank of Charleston
The First National Bank of South Carolina of Columbia..
The First National Bank of Greenville
First National Bank in Orangeburg
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
2980
First National Bank of Aberdeen
TENNESSEE
14611
7848
8025
3032
14231
American National Bank and Trust Company of Chattanooga..
The Hamilton National Bank of Chattanooga
The Hamilton National Bank of Morristown.
__.
__.
First American National Bank of Nashville. _.
..
The First National Bank in Rockwood
_
10925
2597
The First National Bank of Moab
First Security Bank of Utah, National Association, Ogden.
13894
The Windham National Bank of Bellows Falls-.
651
14660
4477
1558
2760
7206
First and Citizens National Bank of Alexandria
First National Bank of Arlington
The Dominion National Bank of Bristol
First National Trust and Savings Bank of Lynchburg
_.
The Peoples National Bank & Trust Company of Lynchburg
The First National Bank of Martinsville and Henry County, Martinsville.
The Seaboard Citizens National Bank of Norfolk.
The Citizens National Bank of Petersburg.
__
American National Bank of Portsmouth
The Pulaski National Bank, Pulaski
The Central National Bank of Richmond
VERMONT
10194
13792
11381
4071
10080
WASHINGTON
4375
13230
14394
11280
3417
The National Bank of Commerce of Seattle
The Pacific National Bank of Seattle
Peoples National Bank of Washington in Seattle..
Seattle-First National Bank, Seattle.
National Bank of Washington, Tacoma
Total (223 banks)-
i Includes 2 seasonal agencies.
Total
70
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 12.—Number of branches of national banks closed during the year ended
Dec. 31, 1955
Branches closed
Charter No.
Title and location of bank
Local
Other
than
local
74
23
ALABAMA
4250
The Anniston National Bank, Anniston
CALIFORNIA .
14568
8222
10167
3518
7279
Valley National Bank of Alhambra
_
The Covina National Bank, Covina
Union National Bank of Pasadena
_.
The First National Bank of Pomona
The First National Bank of San Mateo County at Redwood City..
GEORGIA
The First National Bank of Columbus..
MASSACHUSETTS
322
14266
9310
The Second National Bank of Boston. _.
Merrimack National Bank of Haverhill,
The Ely National Bank, Ely
NEW JERSEY
12660
12570
The First National Bank of Bloomingdale.. _
Lincoln National Bank of Newark,
First National Bank and Trust Company of Paterson..
13441
396
6587
468
2370
11034
12550
13319
10525
First National Bank of Buffalo
The First National Bank and Trust Company of Hudson
Security National Bank of Huntington
The National Bank of Newburgh
_
The Chase National Bank of the City of New York
The Public National Bank and Trust Company of New YorkThe Jamaica National Bank of New York, Jamaica
Central National Bank of Yonkers
National Bank of Westchester, White Plains
NEW YORK
PENNSYLVANIA
2222
312
392
1
252
The First National Bank of McKeesport
The First National Bank of Delaware County, Media..
The First National Bank of Mercer..
The First National Bank of Philadelphia
Peoples First National Bank & Trust Company, Pittsburgh.
2044
The South Carolina National Bank of Charleston. _
SOUTH CAROLINA
TENNESSEE
13349
Union Planters National Bank of Memphis..
10925
The First National Bank of Moab
UTAH
Total (30 banks)
Total
TABLE N O . 13.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 81, 1954 and 1955
[In thousands of dollars)
Loans and securities
1954
Banks with deposits of—
Less than $500,000
$500,000 to $750,000
$750,000 to $1.000,000
$1,000,000 to $2^000,000
$2,000,000 to $5,000,000
$5,000,000 to $10,000,000
$10,000,000 to $25,000,000- - .
$25,000,000 to $50,000,000.-$50,000,000 to $100,000,000-.
$100,000,000 to $500,000,000$500,000,000 or more
Total
1955
Banks with deposits of—
Less than $500,000
$500,000 to $750,000
$750,000 to $1,000,000
$1,000,000 to $2,000,000
$2,000,000 to $5,000,000
$5,000,000 to $10,000,000
$10,000,000 to $25,000,000. . .
$25,000,000 to $50,000,000.$50,000,000 to $100,000,000-.
$100,000,000 to $500,000,000.
$500,000,000 or more
Total-__
Number of
banks
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
Loans
U.S.
and dis- GovernOther
counts, ment ob- bonds
including ligationsand
redis- direct and securicounts
ties
guaranand overteed
drafts
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
3,660
729
17,067
3,306
40,802
7,191
421,551
77, 218
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
Real
estate
assets
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
11,079
1,145
272
1,165
13,408
48, 928
2,518
319
4,195
55, 721
110,073
4,844
963
9,836
125,059
34,832
8,723 1,193,326
83, 404 1,072, 772
142, 935 372, 012 5, 610, 911
50,864
6,143, 523
7,107,157
68,186
7,719, 246 156, 923 422,121
233,047
115,604 11,378,149
550,771 10, 521,161
8,096, 389
171, 247 374,012
87, 785 8, 716,013
7,892,978
164, 612 351,852
81,971
8,494,760
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
4,796 88,759,936 39,827, 678 39, 506,999 9, 425,259 25,721, 897
27
67
109
666
1,627
993
709
239
116
126
21
8,644
35,923
83, 208
858, 752
4, 687, 744
5, 967,457
9, 221, 649
6,908,884
6, 518, 238
21,881,053
30, 245, 504
4,123
17,146
41,060
385,390
2,014, 406
2,558,853
3, 981, 735
3,026,299
3,108, 500
11, 515,817
16,906,397
1,102
3,419
2,627
16,150
6,566
35, 582
76, 433
396,929
546, 274
2,127,064
2, 655,932 752, 672
4,156,666 1,083,248
3,106, 715 775,870
2, 704, 723 705, 015
8, 391,405 1, 973,831
10,096,221 3, 242,886
Deposits
Cash,
balances,
with
other
banks,
including
reserve
with
Federal
Reserve
banks
4,106
12,842
26,000
253,934
1, 232, 589
1, 539,630
2, 369,827
1. 878, 217
2, 023,030
7, 764,882
8, 658,383
Total
assets
Capital
stock
Surplus,
profits
and
reserves
Total
Demand
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
Time
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
976, 653 116,150, 569 2,485, 844 5,618, 398 106,145,813 79,016,305 27,129, 508
12, 834
77
49,084
290
110,010
741
8,343
1,121, 866
51, 913 5,977, 734
72, 350 7, 588, 602
131,087 11, 743,936
101, 273 8, 911,114
87, 962 8, 655,928
300,187 30,072,886
310, 436 39, 506,293
10, 961
9,626
1,026
830
42,831
33, 785
3,983
2,192
96,897
71, 719
8,535
4,244
718. 900
34, 096
81, 651 1,003,216
140,184 376. 792 5, 437, 453 3, 701, 510
156,823 421, 567 6, 972, 565 4,693, 848
245,042
578,194 10,836,385 7,302,058
178,117 386, 521 8, 264,502 5,820, 302
180,487 365, 239 8,019, 993 6,018, 317
602, 456 1, 295,008 27, 799,445 22,321,015
928,153 1, 944, 789 35, 733, 741 26,203,489
1,335
9,046
25,178
284, 316
1, 735, 943
2,278, 717
3, 534, 327
2,444, 200
2,001, 676
5,478, 430
9, 530,252
4,700 86, 417,056 43,559, 726 33, 690,806 9,166, 524 25,763,440 1,064, 659 113, 750,287 2,472, 624 5, 463,305 104, 217, 989 76, 894, 569 27,323, 420
72
REPORT OF THE COMPTROLLER OF THE CURRENCY
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 1942 to 1955
Number
of banks
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.
June 30,1955.
Dec. 31,1955.
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
4,751
4,700
Banks with surplus
equal to or exceeding
common capital stock
Banks with surplus
less than common
capital stock
Number
Number
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
4,378
4,363
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
92.15
92.83
2,992
2,882
2,791
2,612
2,466
2,282
2,075
1,843
1,700
1,482
1,381
1,238
1,184
1,034
990
849
829
729
711
622
605
518
513
458
442
379
373
337
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
7.85
7.17
73
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 15.—Dates of reports of condition of national banks, 1914 to 1955
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p. 150]
Jan.
Year
19141915 _
19161917 .
1918
1919
1920
1921
1922
1923
1924
1925
1926 19271928
1929 _.
1930
1931 .
1932.
1933
1934 _
1935
1936
1937
19381939
1940
1941-..
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
___
Feb.
13
Mar.
Apr.
May
4
4
7
1
1
5
4
1
10
4
12
4
28
21
28
5
10
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
11
June
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
30
July
Aug.
31
Sept.
Oct.
12
2
12
11
31
Nov.
10
17
20
1
17
15
12
8
6
15
14
10
3
4
24
29
30
1
28
2
31
29
31
29
31
31
31
31
31
31
31
31
30
31
31
31
31
31
18
31
31
31
6
30
31
31
31
1
5
30
31
31
30
31
24
30
31
31
27
31
31
10
28
25
17
Dec.
4
10
7
5
31
31
30
31
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, TJ. S. R. S. Sec. 21 (a) of the Banking Act of 1933, however, was amended by section 303 of the Banking Act of 1935, approved Aug. 23, 1935, under the provisions of which private banks are no longer required
to submit to examination by the Comptroller or Federal Reserve bank, nor are they required to make to
the Comptroller and publish periodic reports of condition. (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 11, JUNE 30, OCTOBER 5, AND DECEMBER 31, 1955
BY STATES AND TERRITORIES
REPORT OP THE COMPTROLLER OF THE CURRENCY
77
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1955
ALABAMA
[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
Investments and other assets indirectly representing
bank prerrises or other real estate
Customers' liability on acceptances outstanding_.
Income earned or accrued but not collected
Other assets.
Total assets
-
Apr. 11,
1955
J u n e 30,
1955
Oct. 5,
1955
Dec. 31,
1955
71 b a n k s
71 b a n k s
71 banks
69 banks
408,444
382,121
2
117,409
22, 762
411,663
356,307
2
120, 998
23,044
452,207
352,814
467,976
363,916
120, 693
23, 552
120, 111
23,813
2,098
130,097
23, 636
2,113
124, 745
22,179
2,123
120, 259
24,350
2,148
138, 662
23,460
135,402
11,224
453
137, 440
11, 248
544
142, 501
10,891
570
182,031
11,134
557
350
357
2,403
1,829
350
366
2,356
1,963
1,110
124
2,291
1,773
1,234
241
2,430
1,507
1,238, 587
1,215,318
1, 255,258
1,339,220
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
Mortgages or other liens on b a n k premises a n d other
real estate
Acceptances executed b y or for account of reporting
b a n k s a n d outstanding
Income collected b u t not earned
Expenses accrued a n d u n p a i d
Other liabilities
Total liabilities..
726,093
755,424
228,189
10
23,868
76, 540
87,220
9,602
1,151,502
919,170
232,352
227,148
10
25,406
111, 614
101,175
13,601
1,234, S78
1,002,981
231,397
710,093
692,884
224,681
5
24,231
88, 927
79,531
10,111
1,137,679
909,068
228,511
229,541
10
32,871
79,561
72,186
7,634
1,114,687
880,824
233,863
25
25
25
25
481
4,192
4,563
419
4,418
2,935
1,553
272
4,958
3,666
1,181
328
5,238
4,039
1,979
1,147,838
1,124,037
1,161, 724
1,245,987
28,305
42,348
18,189
4,692
28,187
43, 765
16, 530
4,751
100
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
28,105
42,014
15,434
5,196
28,255
42,129
15, 803
5,094
90, 749
91,281
93,534
93,233
1,238,587
1,215,318
1,255,258
1,339,220
172,720
176,004
188,978
198,809
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
389422—56
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. 81, 1955—Continued
ALASKA
[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
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
Investments and other assets indirectly representing
bank premises or other real estate
Income earned or accrued but not collected
Other assets
Total assets .
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
6 banks
6 banks
7 banks
7 banks
28,483
47,913
30,048
47,952
34,924
56,463
35,315
54,786
5,428
3,227
4,880
3,427
5,607
3,977
5,304
4,066
11,090
5,984
13,049
4,444
18, 552
7,019
13,257
6,498
3,916
1,454
5,367
1,465
4,476
1,640
108
4,171
1,575
109
8
150
35
"119
182
13
241
141
107,750
110,880
133,210
125,533
42,119
42,970
22, 562
22,952
10
24, 650
13,253
1,118
652
105, 605
62,717
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.
Time deposits.
Bills payable, rediscounts, and other liabilities for
borrowed money
Income collected but not earned
Expenses accrued and unpaid..
_.
Other liabilities
_._,
Total liabilities..
10
23, 787
12,672
863
652
102,665
60,851
41,814
49,873
26,142
10
27, 368
12,957
1,437
703
126,706
81,469
45,237
119,276
73,338
45,938
26,402
10
27,677
13,154
1,198
962
207
132
245
105
55
297
166
4
334
125
39
103,010
106,010
127,173
119,774
1,578
1,685
1,103
374
1,578
1,760
1,245
287
1,928
2,160
1,637
312
1,928
2,235
1,226
370
4,740
4,870
6,037
5,759
107,750
110,880
133,210
125,533
34,177
34,694
39,941
39,501
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
—
Total capital accounts
Total liabilities and capital accountsMEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
79
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
ARIZONA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
3 banks
3 banks
3 banks
3 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
B ank 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.
245,070
156,462
259,432
43,347
8,171
10
37,028
8,414
258,232
137, 560
5
32,467
9,016
284, 788
127,210
12
34,204
11,043
895
43,316
9,672
896
41,202
9,464
1,041
48,429
9,530
1,071
41, 513
10, 769
37,883
7,429
777
42,007
7,734
547
8,115
462
975
291
1,853
871
975
353
3,815
303
2,178
1,287
4,315
220
2,435
1,312
557,016
558,134
552,428
581, 550
319,202
304,022
294,349
320,158
120,760
10
13, 747
43,394
8,199
7,353
125,095
10
10, 748
56,453
9, 643"
7,627
513, 598
886,823
127,275
124, 284
10
9,260
44, 672
9,738
129,819
10
7,690
51,070
12,743
8,196
529,686
897,684
182,002
53,158
9,101
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-
889,726
490,597
864,132
126,465
10,000
291
5,726
3,039
567
353
6,033
2,032
358
303
6,667
3,250
1,031
220
5,507
3,105
1,546
522,288
522,374
511,848
540,064
10,925
18,925
4,878
10,925
18,925
5,910
14,125
20,585
5,870
14,125
21, 585
5,776
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus..
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
34,728
35,760
40,580
41,486
557,016
558,134
552,428
581, 550
88,159
101,139
83,892
93, 524
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
80
KEPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
ARKANSAS
[In thousands of dollars]
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations..
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
O ther 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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
53 banks
54 banks
54 banks
54 banks
164,925
176,496
52,717
8,066
168,843
164,173
86
55,484
7,886
177,309
160,017
86
57,166
7,641
200,997
162,398
86
58,295
7,557
960
56,453
9,353
970
48,917
9,196
980
48,790
8,790
992
56,168
8,572
78,660
4,633
78,140
4,663
47
75, 682
4,788
62
94,036
5,032
44
77
30
205
653
264
652
414
549
464
553,216
539,399
542,407
595,220
315,902
299,404
299,230
339.845
24
8,692
40,014
51,687
5,550
507,563
420,269
87,294
87, 588
24
8,789
45,952
48,723
3,112
498,592
404,167
89,425
88, 529
24
6,988
46,419
51,277
2,380
494,847
404,249
90,598
89,672
24
8,211
42,350
61, 924
5,820
547.846
456,151
91, 695
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..
270
25
1,525
1,355
5
1,496
724
223
510,473
496,035
497,960
551,150
13,480
18,608
8,967
1,688
13,655
18,978
9,230
1,501
13,655
19,054
10,222
1,516
13,655
19, 593
9,319
1,503
42,743
43,364
44,447
44,070
542,407
595,220
40,190
37,548
1,643
1,328
333
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits..
Reserves
Total capital accounts
Total liabilities and capital accounts
553,216
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes. _
—
42,034
37,978
KEPORT OF THE COMPTROLLER OF THE
CURRENCY
81
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
CALIFORNIA
[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
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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
69 banks
66 banks
60 banks
57 banks
5,834,807
4,633,221
1,207
968,430
6,097,770
4,482,903
1,244
971,023
6,313,290
4,415,927
1,217
986,653
304,910
6,736,441
4,320,602
1,273
948,776
284,549
1.415,389
122,515
32,680
1.456,830
125,868
32,696
1,461,946
104,367
32,764
1,500, 200
128,811
959,460
113,057
1,848
933,278
117,523
1.746
947,809
120, 232
2,034
1,112,842
125,683
2,050
27,369
74.606
46,038
22,034
27,908
55, 091
49,311
16,961
27,820
48,155
48. 237
28,212
31,150
48,858
16, 743
14, 546, 578
14,679,300
14,834,231
15,318,954
6,042,394
5,945,700
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 depositi
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
5,082,487 5,224,018
228
228
311,058
300,967
937,327 1,092,488
622,076
649. 219
271. 312
265,121
13, 287,834 13, 456,789
7, 415,945 7,458,898
6,871,889 5,997,891
13,100
6, 274,072
6,430,732
5,270,285
5, 228,074
222
222
228,253
257.139
1,154,677
887,792
585, 254
638,011
380,707
252, 591
14,050, ISO
13,537,901
7,667,675 8,070,558
5,970,326 5,979,572
13,000
10,000
43
43
32,238
77,500
77,306
203,433
74,927
54,990
91,367
187, 507
196,826
49,043
72,718
96,904
197,678
13, 709,725
13,827,500
13,967, 287
14,450,650
281,810
359,777
185,324
9,942
281,866
360,147
199,796
9,991
282,189
360,658
214,404
9,693
282,208
364,014
213,165
8,917
55,606
61,891
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
_.
Reserves
Total capital accounts
Total liabilities and capital accounts. _
836,853
851,800
866,944
868,304
14, 546, 578
14,679,300
14,834,231
15,318 954
=====
2,083,181
2,023,358
1,973,943
2,184, 747
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, 1955—Continued
COLORADO
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
77 banks
77 banks
77 banks
77 banks
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal 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.
378,779
451,685
401,241
427, 226
420,301
421, 570
446,856
397,979
36,439
15,508
38,183
16,065
39,740
15, 697
40,126
14,885
1,655
136,834
14, 762
1,673
122,103
14,199
1,750
143,901
13, 739
1,863
133, 529
13, 272
142,306
3,992
197
133,407
4,329
121
145,370
4,925
117
159,342
5,123
230
220
1,961
220
2,299
824
220
1,998
857
120
2,198
952
1,185,297
1,161,890
1,210,185
670,109
649,389
680,001
692,917
240,974
10
24, 424
74,437
82,841
9,566
240, 528
10
35,088
70,304
73, 807
9,274
1,078,400
82S, 640
254, 760
243,776
10
26,826
69,991
83,985
11,117
1,115,706
858,417
257,289
243,076
10
27,072
61, 564
89,092
11, 770
1,125,501
869,954
255, 547
1, 216,475
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
T
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities..
1,W2,S61
847.180
255.181
100
1,926
3,954
101
2,046
3,699
103
6,075
2,267
4,190
129
2,405
5,188
147
1,108,442
1,084,248
1,128,367
1,133,241
22,905
32,099
17,611
4,240
22,905
32, 673
17, 656
4,408
24,155
33,959
18,848
4,856
25,380
36,671
16,970
4,213
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
77, 642
81,818
1,185, 297
1,161,890
1,210,185
138,832
140,714
150,280
76,855
83,234
1, 216,475
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
138,159
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. 31, 1955—Continued
CONNECTICUT
[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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
42 banks
41 banks
40 banks
39 banks
376,973
370,100
12
108,907
16, 777
401,003
346,874
12
105,846
15,473
417,642
12
105,407
14,936
432,336
347,918
12
104,624
16,186
1,871
103, 771
27,329
1,946
90,295
22,472
1,934
102, 976
26,222
1,942
114,025
25,139
106,298
11,291
539
117,345
11,331
538
104,411
11, 648
528
137, 576
11,811
592
2
1,221
999
1,331
1,371
902
100
22
1,366
1,049
1,126,090
1,115,235
1,126,871
663,200
665,122
660,420
216,252
15
25,920
41,417
29,161
41,648
1,017,613
799, S17
218,296
216,549
15
38,056
44,067
23,904
34,143
1,021,856
80S, 304
218,552
19,503
750
23,200
2
3,988
5,037
742
4,338
4,690
1,512
4,636
5,586
922
22
5,059
5,541
1,973
1,046,885
1,033,146
1,043,777
1,113,660
27,387
34,593
14,212
3,013
36,183
14, 280
3,239
28, 747
36,184
15,154
3,009
28,472
35,924
13,701
2,941
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..
222, 571
10
28,095
42,977
26,356
29,004
1,009,4.83
785,380
224, OSS
744,381
219,285
5
27,396
38,049
29,334
42,615
1,101,065
878,944
222,121
CAPITAL ACCOUNTS
Capital stock: Common stock__.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
83,094
81,038
1,126,090
1,115,235
1,126,871
1,194,698
121,290
104,332
112,796
96,143
79,205
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. 81, 1955—Continued
DELAWARE
In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
10 banks
9 banks
9 banks
9 banks
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations.__
Obligations guaranteed bv U S Government
Obligations of States and political subdivisions
Other bonds notes and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of
collection
_
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
Total assets
12,994
13,257
13,297
12,384
13,580
12,635
13,703
12,819
2,580
893
2,517
859
2,534
759
2,503
759
102
3,295
813
98
3,273
751
101
3,284
821
3,085
530
1
61
98
3,236
784
1,992
508
2
66
1,812
570
1
16
1,698
558
1
33
37, 611
35, 743
36,029
36,280
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
19,011
17,370
17,659
17,804
12, 767
12,666
12,929
12,842
301
647
474
655
297
409
243
32,969
20,002
12,967
261
SI, 426
18,578
12,848
274
488
320
31,670
18,587
13,083
250
100
1
28
587
31,939
18,968
12,971
1
40
33, 219
31. 555
31,671
31,979
1,035
2,360
916
81
975
2,300
831
82
975
2,300
998
85
975
2,475
758
93
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts..
Total liabilities and capital accounts.
:
4,392
4,188
4,358
4,301
37,611
35,743
36,029
36,280
1,471
1,325
1,228
1,209
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes _
REPORT OP THE COMPTROLLER OF THE CURRENCY
85
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
8 banks
8 banks
8 banks
8 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 .
307, 707
347,399
320,499
318, 990
328,144
316,155
347, 098
305,002
32, 632
20,175
31,169
20,191
29, 667
19,402
27, 236
20,605
1,346
110, 935
16,110
1,346
123, 299
14, 336
1,346
114, 496
15, 263
1,530
124,188
14,384
79, 991
11, 916
115
1,231
1,272
76, 331
12, 748
142
786
506
78,053
12, 901
55
1,071
763
83,118
13,059
178
827
691
930,829
920,343
917, 316
937, 916
602,349
596,121
591,890
601, 535
154,000
1,025
34,877
112
63,864
13, 621
869,848
705,804
164,544
151,019
1,025
38, 079
90
53, 006
18, 384
857, 724
694, 661
163,063
153,136
1,025
32, 336
88
60,339
13, 521
852, 335
686,880
165,455
157, 082
1,025
30,004
141
58, 775
19, 962
868,524
699,119
169,405
585
1,020
3,472
1,096
1,188
3,138
2,846
1,500
1,403
3,523
2,176
1,517
4,409
1,732
860, 937
876,182
16, 750
28, 200
9,908
1,521
18,800
32,300
9,184
1,450
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
Income collected b u t not earned
Expenses accrued a n d u n p a i d
Other liabilities
_
_
Total liabilities
876, 021
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits...
Reserves
Total capital accounts
Total liabilities and capital accounts
16, 750
28,100
9,086
872
16, 750
28,100
9,709
54, 808
55, 447
56, 379
61, 734
930,829
920, 343
917,316
937,916
68,030
64,025
64,913
62,459
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
86
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, 1955—Continued
FLORIDA
[In thousands of dollars]
Loans and discounts (inclu ding 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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
77 banks
79 banks
80 banks
82 banks
592,469
885,654
612, 742
821,382
137,343
27,918
144, 749
24, 702
3,195
231,981
38,054
647, 664
760,643
7
146, 774
732, 219
748, 286
7
150,138
23,171
3,292
185, 364
34,125
3,334
188, 504
31,882
3,481
171, 711
40,019
374,302
23,133
3,182
325,333
24, 455
660
265,948
25, 295
451,426
27,117
863
125
64
4,653
4,062
2,383
117
4,597
3,597
2,414
107
4,219
3,679
2,414
100
4,644
2,426
2,326,135
2,187, 498
2,105,448
2,358,022
1,298,583
1,205,606
1,187,490
1,248,717
323,196
321, 461
314, 572
66
66
66
36,147
49,381
45,861
175,854
213,825
245,304
179, 703
216,409
247, 532
20,671
24,341
20,212
2,172,180 2,081,089 1,928,127
1, 791,986 1,642,426 1,637, 783
888,668
880,144
885,844
333,149
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..
18,000
34
34
64
9,407
8,117
423
2,190,175
256,069
290,261
27,025
2,186,251
1,786, 656
399,695
4,200
34
34
134
10, 316
6,411
984
107
11,172
9,096
100
11,703
8,727
1,402
2,048,968
1,962,520
2,212,417
200
51, 000
51,200
60,584
21,143
10,001
200
53,000
58,200
65,152
17,484
9,769
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
200
48,775
48,975
57,506
19, 553
9,926
200
50,175
50,875
60,186
18, 214
9,755
135, 960
138, 530
142, 928
145, 605
2,326,135
2,187,498
2,105, 448
2, 358, 022
505,991
509,156
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
500,807
523,072
REPORT OF THE COMPTROLLER OF THE CURRENCY
87
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1955—Continued
GEORGIA
[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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
51 banks
51 banks
51 banks
51 banks
530,254
298,805
82,160
21,992
554,320
296,848
7
84,635
19,629
573,922
300,524
7
84,741
19, 549
585, 768
297,019
7
82,093
16,893
1,809
145,291
19,149
2,049
114,673
17,342
2,055
140,883
17,346
2,060
150,101
16,747
155, 698
15,081
59
435
1,983
1,778
179,057
15,231
43
360
1,920
2,020
164,494
15, 574
105
355
1,988
2,363
220,139
18, 795
184
1,274,494
1,288,134
1,323,906
1,392,601
715,039
690,998
736, 496
747,348
176,138
849
32,267
84, 558
158,490
4,542
1,171, 883
988,594
188,289
179,453
850
41,216
110,110
153,747
4,281
1,180,655
998,567
187,088
1,857
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..
178,052
850
30,537
82,020
179,952
6,385
1,214,292
1,028,886
185,956
177,675
850
29,955
106,307
196, 501
23,707
1,282,848
1,09 >,857
185,486
875
875
150
435
9,122
4,734
190
360
9,480
3,307
1,124
355
10,474
3,807
491
10,914
4,517
945
1,187,239
1,195,801
1,229, 569
1,298,719
23,748
35,464
14,279
13, 764
25,748
41,466
12,867
12,252
25,798
41,616
15,110
11,813
25,848
42,128
13, 243
12,663
94,337
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
87,255
92,333
1,274,494
1,288,134
199, 548
199,228
93,882
1,392,601
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
181,631
171,600
REPORT OF THE COMPTROLLER OF THE CURRENCY
and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1955—Continued
THE TERRITORY OF HAWAII
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
1 bank
1 bank
1 bank
lbank
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
Reserve with approved national banking associations..
Currency and coin
Balances with other banks, and cash items in process of
collection..
Bank premises owned, furniture and fixtures
"Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets..
88,923
59,739
89,041
55, 727
93,025
52, 760
95,648
53,843
10,292
2,559
67
17,683
10, 726
10,342
2,559
11,691
2,554
10,308
2,553
18,526
11,623
17,422
11,036
15,156
13, 509
10, 334
2,816
7,902
2,881
17
654
478
13,792
2,857
20
632
144
200,420
208,462
8,580
2,843
11
676
449
202,548
Total assets.
640
201,840
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..
68,843
68, 577
67,732
77,668
83,753
10
15,794
11, 731
2,929
3,212
186,272
98,075
88,197
82,297
10
18,775
10,339
1,734
4,355
186,087
99,868
82,276
10
15,867
10, 756
2,909
4,262
183, 812
97,788
86,079
80,770
10
16,571
12,421
2,808
1,792
192,040
107,909
84,181
11
161
564
189
6
213
586
41
17
214
585
150
20
241
891
307
187,197
186,933
184, 778
193, 499
4,000
7,000
2,175
2,176
4,000
7,000
1,731
2,176
4,000
7,000
2,467
2,175
4,000
7,000
1,788
2,175
86 m
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
14,907
15, 642
14,963
201,840
200,420
208,462
56,350
53,805
50,777
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
56,586
REPORT OF THE COMPTROLLER OF THE CURRENCY
89
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—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
Investments and other assets indirectly representing
bank premises or other real estate
Income earned or accrued but not collected
Other assets
Total assets.
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
11 banks
11 banks
11 banks
11 banks
164,705
174,381
8
12,182
3,851
178,584
159,975
10,484
2,714
182,082
153, 578
187
12,443
2,699
184,390
162, 526
187
15,874
2,774
589
33,882
5,511
29,058
6,140
601
41, 726
5,151
616
38, 755
5,511
26,923
4,320
25,438
4,924
58
21,268
4,484
49
49
5,029
55
23
40
357
23
9
321
23
1
321
23
147
214
426,830
413,886
429, 223
444,270
216,224
200,068
222,906
213, 781
125,345
11
7,281
45,472
3,909
2,486
127,818
11
7,968
47,833
2,361
2,282
888,841
259, m
128,857
126,069
11
6,633
39, 785
4,229
2,781
402,P4
275,866
127,048
128,404
11
12,047
56,267
5,154
188
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
4G0,728
274, H4
2,946
418,6iO
289,227
129,888
1,189
1,502
1,142
465
51
390,341
405,173
420,268
9,725
10,245
2,726
849
9,725
10,295
3,193
837
10,225
10,390
2,768
619
1,050
1,653
50
830
62
403,481
9,725
9,895
2,769
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
960
23,349
23, 545
24, 050
24,002
426,830
413,886
429, 223
444,270
97, 536
98, 720
99,615
107,873
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, 1955—Continued
ILLINOIS
[In thousands of dollars]
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
338 banks
389 banks
389 banks
391 banks
3,392,816
4, 501,968
90
639, 404
245, 780
3, 652, 490
4, 313,186
90
648, 941
251,155
3,746,480
4, 240,821
25
668, 529
247,431
4,121, 051
4,167, 752
83
675,189
247,163
19, 250
1,335, 802
101, 340
19,448
1, 230, 529
98,810
19, 532
1, 223, 774
94,379
19, 885
1, 327, 674
946, 202
37, 359
605
993,449
37, 956
755
991, 539
38, 945
875
1, 275, 254
38,820
710
1,486
2,534
29, 577
9,912
1,422
3,148
26,178
10, 205
1,444
3,693
26, 509
9,044
1,628
3,538
24,658
7,834
11, 264,125 11, 287, 762 11, 313, 020
12,009, 877
5, 765, 924
6,427, 740
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
1
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.)
5, 812,149
5, 726, 453
2,433,535 2,472,313 2,452, 248
2, 506,369
1,238
1,236
1,238
1,238
250,024
331, 206
373, 939
244,328
578, 277
479, 266
617, 964
562,098
1, 242, 474 1, 229, 645
1,129,389
1,113,965
94,622
93, 662
111, 439
117,312
Total deposits
10,281,408 10,417,811 10,883,847 11,088,730
Demand deposits
7,705,839 7,804,539 7,790, 498 8, 458,807
Time deposits
2, 593,849
2,630,423
Bills payable, rediscounts, and other liabilities for 2,575,564 2,612,772
borrowed money
25,400
300
109,000
700
Mortgages or other liens on bank premises and other
64
real estate
26
26
134
Acceptances executed by or for account of reporting
banks and outstanding
5,105
2,765
4,605
Income collected but not earned
..
25, 926
22,106
27, 275
23, 898
Expenses accrued and unpaid...,
46, 093
50,197
48,685
30, 378
Other liabilities
13, 593
13,689
18, 499
16, 329
Total liabilities..
10, 479,186 10, 491, 640 10, 500,028
11,188, 628
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
1,500
272,907
274,407
361,161
91,180
58,191
274,687
367,898
96,118
57,419
1,500
274, 537
276,037
368, 762
110, 257
57, 936
784,939
796,122
812, 992
821, 249
11, 264,125 11, 287, 762 11, 313,020
12, 009,877
1,500
273,187
1,500
276, 720
278, 220
378, 869
105,655
58, 505
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
1,145,172
1,119, 865
1,019,835
1,032,030
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, 1955—Continued
INDIANA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
123 banks
123 banks
123 banks
123 banks
710,971
1,066,007
10
127,102
39,579
1,040,522
10
130,284
39,787
756,390
788,002
1,023,840
10
129,721
37,758
3,450
248,135
45,096
3,471
259,774
45, 587
3,488
247,449
45,411
3,515
265,798
46,759
246,315
19,408
212
256,054
19,851
240
225,974
21, 576
241
316,036
23,009
223
22
53
4,838
2,624
22
41
4,306
1,-797
22
13
4,386
1,858
22
82
4,072
2,310
2, 513,822
2, 558,136
2, 529,749
2,680,445
1,265,679
1,252,174
1, 270, 773
1,408,619
616,599
2,282
242,736
115,483
40,050
2,333,398
1,709,220
624,178
620,784
70,952
283,702
107,428
44,835
2,382,184
1,762,098
630,086
625,396
2,309
54,414
231,005
125,242
37,074
2,346,213
1,711,645
634, 568
624,958
2,334
49,641
239,694
116,406
54,948
2,496,600
1,862,361
634, H9
5,320
225
1,100
100
53
8,372
6,828
961
41
9,294
5,349
2,002
13
10,652
6,340
1,110
82
10,914
7,363
1,817
2,354,932
2,399,095
2,365,428
2,516,876
25
44,003
44,028
71,263
36,110
7,489
25
44,248
44,273
71,915
36,059
6,794
25
44,373
25
45,398
45,423
71,921
38,054
8,171
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
819,452
1,032, 590
129,833
36,744
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:
Preferred stock..
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts
71,965
40,409
7,549
158,890
159,041
164,321
2, 513,822
2, 558,136
2, 529, 749
209,043
210,582
163,569
2,680,445
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
204,678
202,105
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, 1955—Continued
IOWA
[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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
95 banks
94 banks
95 banks
95 banks
296,819
315,858
305,350
294,924
296,413
315,544
316,232
293,922
79,305
14,630
79,970
13,975
80,761
13,545
78,203
13,404
1,258
88,736
13,785
1,274
89,333
12,673
1,290
97,839
12,435
1,299
87,431
12,050
116,065
5,116
264
116,498
5,205
179
133,032
5,480
185
129, 218
5,594
243
1,147
85
1,695
507
1,132
42
1,481
477
1,132
51
1,660
505
1,107
935,270
922,513
959,872
940,519
455,038
457,787
185,814
55
19,677
93,024
104,505
6,082
187,490
55
23,795
90,099
96,998
5,414
856,389
667,771
188,618
186,087
55
18,578
103,116
121,830
5,587
890,291
70S, 054
187,237
185,515
55
20,209
77,199
122,571
7,984
871,320
684,284
187,036
250
200
51
1,558
1,689
7
1,583
1,404
202
39
1,369
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
Acceptances executed by or for account of reporting
banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities..
868,126
681,210
186,916
200
85
1,357
1,627
5
42
1,411
1,110
49
871,400
859,001
15,738
26,193
17,673
4,266
16,323
26,140
16,920
4,129
874,748
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
16,623
26,407
18,799
4,197
16,623
26,729
18,376
4,043
63,870
63,512
66,026
65,771
935,270
922,513
959,872
940, 519
61,853
66,386
58,874
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
93
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
KANSAS
[In thousands of dollars]
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Income earned or accrued but not collected
Other assets
Total assets.
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
170 banks
170 banks
170 banks
170 banks
302,911
440,396
72
96,981
28,570
330,631
422,716
72
98,219
29,759
348,165
399,190
59
97,856
28,770
373,010
394,446
1,643
140,361
14,308
1,670
134,131
14,225
1,698
133,605
12,447
1,711
134,541
14,018
175,371
5,979
119
139,452
6,298
131
127,376
6,676
113
158,405
6,696
79
1,592
916
1,587
521
209
1,440
497
191
1,387
625
1,209,427
1,179,620
1,158,101
1,209,346
663,483
641,639
663,368
652,415
25,840
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
Oth r 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..
136,702
39
27,690
187,629
101, 619
7,899
1,125,061
984,104
140,957
139,129
39
29,407
187,526
90,035
8,755
1,096,580
953,880
148,150
1,500
450
140,384
39
23,759
150,504
86,700
6,392
1,071,146
927,571
143,575
138,980
39
24,859
203,248
94,038
9,826
1,128,405
981,869
142,036
100
2,024
3,034
179
2,198
2,024
338
20
2,493
3,150
111
1,131,798
1,101, 540
1,077,188
1,128,966
22,492
32, 278
20,894
1,965
22,542
33,789
19,827
1,922
22,542
34,003
22,289
2,079
22,542
34,887
20,741
2,210
20
2,482
2,599
360
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
77,629
78,080
80,913
1,209,427
1,179,620
1,158,101
1,209,346
245,731
247,957
216,256
252,315
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
.
389422—56
7
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. 31, 1955—Continued
KENTUCKY
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
89 banks
89 banks
89 banks
89 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
242,666
300,189
33,816
15,863
256,919
270,259
4
35,326
13, 921
269, 779
270,252
4
35,852
13,220
278,048
290,145
4
39,828
12,738
1,411
83,503
15,735
1,438
75,357
15,460
1,503
79,093
14,325
1,530
84,996
16,407
86,475
6,079
45
80,579
6,211
61
72, 524
6,483
87
126,846
6,634
134
194
4
1,118
677
194
4
1,087
379
194
2
1,021
439
1,154
402
787,779
757,199
764,778
859,059
489,248
452,768
469,206
537,318
130,732
15
15,407
133,453
15
19,614
40,693
39,750
5,729
692,022
661, W
134,694
15
15,965
36,369
30,106
5,686
692,041
660,057
141,984
133,814
15
14,256
46, 243
50,995
6,507
789,148
647,867
141, 781
193
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
._
39,492
5,297
717,060
679, 359
137,701
HO, 601
5,560
365
3,075
15
4
2,025
2,152
447
4
2,161
1,573
678
2
2,464
2,297
570
2,510
2,663
814
727,248
696,803
700,449
795,150
17,395
29,541
11,665
1,930
17,395
30,166
11,180
1,655
18,545
31,366
12,661
1,757
18,545
32,830
10,364
2,170
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits._-_
Reserves..
Total capital accounts
Total liabilities and capital accounts
60,531
60,396
64,329
63,909
787,779
757,199
764,778
859,059
71,036
64,166
71,485
69, 594
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes. _
REPORT 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, 1955—Continued
LOUISIANA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
40 banks
40 banks
40 banks
41 banks
499,564
661,841
517,761
660,856
547,382
639,873
647,410
107,907
18,497
104,115
17,794
110,505
17,829
110,436
17,086
2,356
213,912
22,657
2,422
171,733
21,021
2,471
205,093
21,037
2,603
186,216
22,077
198,198
13,015
180
236,806
13,402
144
222,676
14,032
270
307,966
15,001
827
566
1,786
4,004
2,057
566
2,191
4,593
1,880
566
2,485
4,284
2,164
550
2,975
4,773
1,513
1,746,540
1,755,284
1,790,667
1,902,130
874,748
840,910
880,985
226,323
51
31,489
330,293
201,214
13,661
1,643,941
1,411,347
232,594
223,780
51
24,871
300,036
207,202
18,151
1,655,076
1,425,954
229,122
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
T o t a l liabilities..
51
30,224
285, 535
196,647
14,044
1,627,988
1, 894, 122
233,816
17,250
11,000
933,106
228, 617
51
21,844
313,209
239,508
27,568
1,763,903
1,530,902
233,001
17,000
50
50
3,076
3,499
6,480
207
3,842
3,510
6,740
1,422
2,315
2,328
5,558
418
2,509
2,927
5,214
705
1,649,557
1,655,296
26,263
51,652
18,644
424
27,263
53,178
18,916
631
28,063
54,294
22,252
420
105,029
105,663
1,746,540
1,755,284
1,790,667
1,902,130
442,215
442,581
454,881
440,437
1,796,467
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
_
_
Total liabilities and capital accounts
96,983
28,913
55,075
21,056
619
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, 1955—Continued
MAINE
lln thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
31 banks
31 banks
31 banks
31 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
._.
114,029
117, 526
90,052
69
14, 254
9,414
119,333
94,479
22
14,017
9,538
122,194
96,517
9
11,796
614
24,163
6,280
611
24, 537
613
28,104
6,976
636
27,181
6,777
24, 726
3,145
128
22,408
3,206
161
26,661
3,368
204
26,451
3,632
212
332
340
317
340
331
325
317
326
312
359
270
284,666
290,034
304,283
306,040
132,975
135,761
144,073
148,456
92,678
7
5,285
9,753
9,721
2,608
258, 027
159,524
98, 508
7
7,033
10, 558
8,643
3,963
259,984
165,179
94,755
7
5,928
14, 584
8,542
4,062
27S, 079
176,068
97,016
12,635
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..
95,239
5,233
14,162
7,932
3,838
274, 867
178,750
96,117
2,075
1,020
658
154
545
1,143
487
358
445
1,261
754
196
200
1,316
754
467
256,934
262,467
275, 735
277,604
10,478
6,314
1,112
9,853
10,528
6,027
1,159
9,853
10,593
6,931
1,171
10,103
11,235
5,862
1,236
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
-.
Undivided profits
Total capital accounts
Total liabilities and capital accounts
27,732
27,567
28,548
284,666
290,034
304,283
306,040
24,561
23,075
24,749
25,369
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
97
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1955—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
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
57 banks
57 banks
57 banks
57 banks
307,837
359,211
317,330
343,605
328,046
364,919
333,394
349,835
58,494
14,377
59,285
12,093
62, 748
12,050
64,922
13,190
1,680
106,815
18, 277
1,683
107, 546
17,431
1,699
111, 572
17,369
1,707
110,969
15, 586
101, 332
8,052
166
92,615
8,172
146
102, 916
8,394
97
110,703
8,501
83
351
29
1,877
2,130
342
94
1,458
1,894
420
24
1,835
1,821
243
51
1,636
1,668
963,694
1,013,910
1,012,488
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-.
508, 567
529,787
561,284
199,129
197,806
198, 531
195,076
33, 799
83,912
68,426
4,791
898,624
684,092
214,582
45,633
93,184
57,995
4,996
887,994
677,329
210,665
36, 528
93, 995
70,328
7,218
936,887
725, 995
210,892
32,210
77, 521
63,542
4,892
934,525
727,148
207,882
7,750
600
750
600
29
1,788
1,967
232
94
1,919
2,034
715
24
2,056
2,248
51
2,107
2,340
995
910,390
893,356
941,753
940,618
16,250
39, 733
10,143
4,112
16,300
39,896
9,713
4,429
16,450
40,226
10,957
4,524
16,625
40,685
10,483
4,077
CAPITAL ACCOUNTS
Capital stock: Common stock-.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
70,238
70,338
72,157
71,870
980,628
963,694
1,013,910
1,012,488
170,827
173,109
170,997
146,426
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, 1955—Continued
MASSACHUSETTS
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
111 banks
111 banks
110 banks
110 banks
1,398,787
932,517
72
222,056
60,111
1,467,311
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
1, 555,810
872,350
1,135
204, 688
53,924
53,280
1,611,160
933,393
1,135
146,205
" 51,086
381,338
52, 662
9,512
343,261
46,235
436,422
49,531
9,700
427, 543
47, 455
273,072
31,606
255
272,310
31,777
249
293,892
32,299
231
397,998
32,132
279
292
30,070
8,309
6,639
26,481
6,939
7,581
285
17,317
7,825
8,529
285
14,661
7,266
5,311
3,404,780
3,353,553
3, 528,298
1,956,487
1,907,736
2,006,653
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..
432,923
427,510
428,345
1,555
1,555
1,552
119,176
125,911
89,649
133,978
132,629
163, 514
330,912
333,116
397, 785
49,630
43,395
49,320
8,018,426 2,978,087 8,186,818
2,647,088 2,613,209 2,646,069
491,769
471,888
464,878
2,107, 111
441,642
1,552
136,141
172,230
387, 573
60,305
8,806,664
2,820,798
486,766
12,355
1,425
18,350
630
31,773
12,316
17,988
8,292
27,508
13,291
12,226
14,462
18,740
14,080
13,354
16, 277
17,304
14,971
14,729
18,315
3,101,150
3,046,999
3,217,619
3,372, 503
53
78,516
53
79, 241
79,294
167,198
42,033
18,029
35
79,644
79,679
45,855
18,147
35
79,744
79,779
173,163
43,511
16,653
313,106
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
154, 553
52,004
18,504
303,630
306,554
310,679
3,404,780
3,353,553
3,528,298
266,632
227,820
240,455
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
___
263,097
REPORT OF THE COMPTROLLER OF THE CURRENCY
99
Assets and liabilities of national bankSj by States, at date of each call during year
ended Dec. 31, 1955—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_
A p r . 11,
1955
J u n e 30,
1955
Oct.'5,
1955
Dec. 31,
1955
78 b a n k s
79 b a n k s
77 banks
76 banks
1,254,760
1,627,803
21
13,757
1,308,921
1,596,228
21
255,734
34,154
1,417,712
1,619,068
15
271,087
30,455
5,799
422,898
59,750
7,465
396,850
59,900
7,501
421,495
62,728
7,781
425,515
59,110
296,065
27,699
441
347,950
28,726
493
317, 554
29, 506
384
452,297
31,336
419
2,129
13,399
4,464
9,635
4,596
12,428
4,762
4,781
7
9,143
4,066
4,005,619
4,052,537
4,196,824
4,333,231
1,936, 766
1,973, 518
1,929, 778
2,188, 549
1,175,179
35
142,699
216,821
200,059
29,716
3,701,275
2,481,575
1,219,700
1,196,020
35
190,281
194,978
181,375
35,684
3,771,891
2,527,649
1,244,242
1,230,150
35
167,033
212, 564
197,944
37,227
3,774,731
2,504,527
1,270,204
1, 232,982
35
136,730
238,589
199,318
38,252
4,034,455
2,747,752
1,286,703
1,894
1,484,210
1, 579,177
15
245,986
29,388
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..
123,000
23,000
75
75
24,334
24,902
2,573
16,398
3,375
30,018
24,053
3,287
7
30, 786
21,053
3,153
3, 776,172
3,818, 650
3,955,164
4,089,529
1,000
62,462
63,462
122,241
49, 679
6,278
1,000
65, 794
66,794
128,389
42,501
6,018
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
61, 594
120,501
40,320
6,032
1,000
62,044
63,044
121, 539
43,302
6,002
229,447
233,887
241,660
243,702
4,005,619
4,052,537
4,196, 824
4,333,231
338,825
372, 513
470,116
326,052
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
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, 1955—Continued
MINNESOTA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
178 banks
178 banks
178 banks
178 banks
942,502
791,568
16
169,425
52,866
979,777
748,584
16
54,603
1,035,911
731,812
6
164, 732
53,142
1,047,080
703,993
12
165,127
50,105
4,066
259,792
24,597
4,257
199, 245
24,300
4,296
229,808
22,735
4,314
239,756
24,623
255,852
11,625
443
299,896
12,375
483
319,387
13, 501
485
345,536
14,154
675
4,051
956
7,086
1,783
4,044
619
2,029
4,164
886
6,312
1,820
3,715
1,359
6,309
1,447
2,526,628
2,505,574
2,588,997
2,608,205
1,140,479
1,135,413
1,166,085
1,237,629
584,796
68
79,650
140,650
328,201
21,143
2,29b, 987
1,699,151
695,886
580,871
68
77,583
172, 299
301,892
21,235
2,289,861
1,696,995
592,866
583,985
69
54, 535
129,357
363,687
25,415
2,828,188
1,727,749
595,884.
591,449
68
53,933
137,336
346,108
22,920
2,889,448
1, 786,761
602,682
27,150
7,850
50,000
475
956
13,541
12,761
2,222
619
14,818
9,652
2,569
886
15,132
11,664
2,462
1,367
15,621
11,983
2,683
2,351,617
2,324,869
2,403,277
2,421,572
75
25
46,420
46,520
89,100
26,950
12,441
75
25
58, 520
68,620
83,458
26,561
12,066
75
25
59,465
69,565
83,840
30,402
11,913
75
25
59,718
59,818
84,699
30,962
11,154
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
_.
O bligations guaranteed by TJ. 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...
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
175,011
180,705
185,720
186,633
2,526,628
2,505,574
2,588,997
2,608,205
429,344
413,091
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes._
-
376,169
REPORT OF THE COMPTROLLER OF THE CURRENCY
101
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
MISSISSIPPI
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
25 banks
26 banks
26 banks
27 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.
81,361
85,077
86,359
85,417
89,614
82, 956
92,441
87,476
34,705
1,336
34,261
1,799
34,497
1,931
34,669
2,718
527
25,957
5,754
548
24,768
549
26,027
5,654
555
26,248
6,387
36,799
2,524
101
37,190
2,615
9
38,683
2,879
103
45,438
3,017
102
500
44
153
500
43
336
500
37
161
500
39
171
274,838
280,068
283,591
299,761
142,722
141,171
147, 534
163,105
51,438
53,744
53,609
53,697
6,219
31,938
22,208
612
255,137
203,030
52,107
8,039
37,133
18,526
656
259,269
203,926
55,343
6,621
31,573
21,382
631
261,350
206,137
55,213
6,906
31,493
22,013
1,156
278,370
223,118
55,252
587
445
12
671
330
118
400
721
423
132
761
365
279
256,181
260,388
263,026
279,775
50
5,628
5,678
12,643
1,192
167
50
5,628
5,678
12,644
2,082
161
50
5,803
5,853
13,375
364
394
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities..
CAPITAL ACCOUNTS
Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts
5,403
5,403
12,169
889
196
18,657
19,680
20, 565
19,986
274,838
280,068
283,591
299,761
54,438
59,577
58,158
59,073
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. 31, 1955—Continued
MISSOURI
[In thousands of dollars]
Oct. 5,
Apr. 11,
1955
June 30,
1955
1955
Dec. 31,
1955
77 banks
77 banks
77 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 but not collected
Other assets
Total assets
749,175
731,429
15
106,641
30,961
762,897
21
104,610
32,129
813, 272
624,349
462
105,394
30,673
870, 777
636,710
462
104, 536
30,978
3,666
255,492
19,396
3,691
244,869
18, 586
3,556
251, 519
19,174
4,411
275,175
19,962
261, 726
15,681
245
269,209
16,070
280
257,984
16, 294
621
366, 551
16, 546
979
576
716
4,088
1,869
728
694
4,211
1,928
719
1,526
3,498
1,305
766
710
3,807
1,659
2,181, 676
2,115,692
2,130, 346
2,334,029
1,146, 493
1,130,211
1,159, 268
1,269, 785
285,037
538
51,468
89,444
442,648
12,501
2,028,129
1,784,9U
293,185
282,929
538
69, 299
79,444
386,115
14,300
1,962,836
1,671,857
290,979
283,452
538
42, 933
64,906
401,975
12,107
1,965,179
1,673,342
290, 658
538
39,346
112, 718
438,450
17,425
2,168,920
1,869,581
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 b y or for account of reporting
b a n k s and outstanding
Income collected b u t not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities..
855
291, 837
5,675
46
46
1,030
46
716
3,326
7,389
1,261
694
3,912
4,463
2,671
1,526
4,283
6,619
1,986
4,677
6,706
2,683
2,041,676
1,974,622
1, 985,314
2,184,895
45,353
59,396
31,068
4,183
45,653
60,587
31,152
3,678
45, 703
60,642
34,383
4,304
47,113
64,871
32,802
4,348
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
140,000
141,070
145,032
149,134
2,181,676
2,115,692
2,130,346
2,334,029
235,638
235,701
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes.
209, 758
235, 566
REPORT OF THE COMPTROLLER OF THE CURRENCY
103
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1955—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. 11,
1955
June 30,
Oct. 5,
1955
1955
Dec. 31,
1955
39 banks
40 banks
40 banks
40 banks
99,980
143,576
108,477
132,440
121,465
130,809
128,331
130,650
14,976
9,672
14,702
9,961
16,949
9,366
17,637
10,027
384
36,861
5,297
33,869
5,198
402
37,087
5,126
432
35,047
4,813
35,384
3,722
45
15
920
188
36,975
3,754
45
10
987
257
40,416
4,033
45
5
965
402
39,461
4,499
171
351,020
347,064
367,070
372,125
225,974
222,115
67,955
5
5,154
26,512
13,895
3,092
842, 687
274,462
68,125
69,381
5
4,300
35,468
14,026
3,270
848,565
278,994
69,571
91
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..
216,257
67,390
5,815
27,656
13,316
2,452
SSI, 922
265,8^9
66,573
4,992
32,284
12,191
2,706
826,249
258,694
67,555
100
600
1,450
650
15
1,685
711
9
10
1,844
988
11
5
2,148
1,594
3
2,155
1,494
19
334,442
329,702
347,787
352,883
5,665
7,050
3,643
220
5,783
7,170
4,178
231
6,833
7,320
4,916
214
7,258
7,632
4,004
348
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
16,578
17,362
19, 283
19,242
351,020
347,064
367,070
372,125
58,641
61,279
63,215
62,463
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
_
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. SI, 1955—Continued
NEBRASKA
[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
Oth'er 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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
123 banks
123 banks
123 banks
123 banks
368,387
374,071
387,442
354,272
391, 462
357, 672
403,416
356, 515
84,077
19.460
85,478
86,127
18, 620
87, 545
18,614
1,623
128, 256
11, 939
1,653
114,080
11, 304
1,659
129, 594
10, 809
1,681
125,021
10,647
132, 982
6,512
1
2,185
491
124,199
6,596
195
2,134
534
134, 919
6,856
438
2,137
672
152,449
7,362
363
2,083
530
1,129,984
1,106, 575
1,140, 965
1,166, 226
665,699
649,568
671,399
697,195
117,065
28
29,751
« 80,647
146, 639
6,028
1,045,857
928,557
117,800
116,929
29
31, 353
77,000
130, 805
7,871
1,018,555
896,402
117,158
116,058
29
28,957
113,838
29
28,563
74,173
150,315
9,373
1,078,486
959,887
114,099
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
157, 730
6,960
1,049,995
938,691
116,804.
2,575
1,708
2,248
10, 819
1,868
1,612
190
5,050
2,092
2,463
84
6,450
2,126
2,805
360
1,052,474
1,028,044
1,059,684
1,085, 227
25,165
28,131
17,779
6,435
25,200
29, 239
18,162
5,930
25,150
29,384
20,767
5,980
25,425
33,122
16, 240
6,212
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus..
Undivided profits
Reserves
Total capital accounts
_
Total liabilities and capital accounts
77,510
78, 531
1,129,984
1,106, 575
1,140, 965
81,281
1,166,226
173,244
186,877
186,922
180,914
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OP THE COMPTROLLER OF THE CURRENCY
105
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
NEVADA
lln 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. 11,
1955
J u n e 30,
1955
Oct. 5,
1955
Dec. 31,
1955
5 banks
5 banks
4 banks
3 banks
77,188
103,058
83, 701
89,873
81,655
89,820
85.538
87,494
6,906
7,309
7,132
9,715
10,865
7,459
9,308
6,354
336
19, 779
4,562
336
18,035
5,631
328
19, 317
4,257
326
16,858
4,320
14,020
3,192
19
689
351
13, 356
3,285
20
790
376
12, 343
3,323
19
739
314
13,900
3,324
22
781
270
237,409
232, 250
230, 439
228,495
113, 785
107, 668
110, 689
105, 893
67, 738
68, 533
65, 514
65, 647
6,798
28,282
1,728
2,462
220,798
148,218
72, 575
6,848
28, 707
698
3,333
215,787
142,861
73,426
5, 718
28,021
895
2,890
213,727
144,070
69,657
5,491
31,060
1,381
2,614
212,086
142,296
69, 790
976
52
970
1,555
240
1,579
22
223, 345
217, 751
216,492
214, 635
5,535
5,675
2,754
100
5,535
5,800
3,114
50
5,435
5,600
2,862
50
5,375
5,475
2,960
50
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
14,064
14,499
13, 947
13,860
237, 409
232, 250
230, 439
228,495
46, 699
46,489
47,045
52,468
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. 31, 1955—Continued
NEW HAMPSHIRE
[In thousands of dollars]
Apr. 11,
1955
June 30,
Oct. 5,
1955
Dec. 31,
1955
1955
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 Eeserve
bank
_
Reserve with Federal Reserve bank
Currency and eoin
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
_
-
101,660
68,271
33
12,906
3,517
107,372
33
14,418
3,555
106, 462
70,902
33
16,431
3,675
109,462
74,088
33
15,045
3,913
535
21,242
7,340
535
19,962
7,003
545
24, 745
6,851
542
25,262
6,535
26, 021
2,491
131
25,031
2,561
42
29, 817
2, 671
58
33,069
2,615
101
46
3
191
47
6
196
46
16
223
66
8
155
244,387
244,445
262,475
270,894
134,848
133,688
148, 221
150,441
45,359
15
7,022
14,888
10,048
5,235
817,415
170,851
46,564
45,552
15
8,441
12, 647
10,351
6,188
216,882
170,546
46,836
46, 825
15
6,297
15, 526
11,049
6,924
234,857
187,012
47,845
45,907
15
6,977
' 18,472
11,922
9,742
243,476
196,960
1,045
420
322
9
1,405
461
354
154
445
502
300
513
400
183
219,211
219,256
236,200
244,872
6,094
11,632
5,924
1,526
6,094
11, 774
5,879
1,442
6,094
12,024
6,612
1,545
6,094
12,249
6,156
1,523
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
25,176
25,189
26,275
26,022
244,387
244,445
262,475
270,894
18,001
17,601
16,892
16,219
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 States, at date of each call during year
ended Dec. SI, 1955—Continued
NEW JERSEY
[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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
195 banks
194 banks
188 banks
188 banks
1,134,175
1,145,180
325
303,194
76, 664
1,190,727
1,114,464
325
309,804
76,354
1,216, 615
1,131,900
299
314,940
73,764
1,252,961
1,127,343
310
323, 707
5,290
261, 694
67,102
5,374
242, 753
60,565
5,479
64,820
5,409
284,215
62,820
242,014
37, 514
501
243,458
37,146
637
206,143
37,196
724
263,434
37,955
236
92
6,246
3,408
236
26
7,319
2,783
234
61
6,097
3,150
336
88
7,082
2,414
3, 283,635
3,291,971
3,343,391
3,439,085
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 b y or for account of reporting
banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities..
1,421,602
1,423,345
1,457,393
1, 562, 516
1,204,062
1, 223,209
1,235,279
1,215, 296
67,454
215, 567
47,151
59,201
3,015,037
1, 782,124
79, 743
209,320
50,123
52, 576
3,038,316
1,788,730
l,2p, 586
67, 291
218, 756
49,927
49,434
3,078,080
1,818,382
67,127
221,829
54,285
60,068
3,181,121
1,942,530
1,238,691
1,232,913
19, 577
151
2,402
73
50
50
92
13, 628
9,267
1,225
26
13,981
6,489
3,183
61
14, 697
10,334
1,784
15,227
10,202
2,470
3,058,876
3,064,447
3, 111, 960
3,209,332
467
60
69,822
70,349
104,977
40,998
8,435
467
60
70,681
71,208
107,348
40, 531
8,437
712
60
70,651
71,423
106, 581
712
60
71,001
71,773
108,470
40, 749
8,761
224,759
227, 524
231,431
229, 753
3,283,635
3,291,971
3,343,391
1,439,085
215,605
207,673
214,377
199,266
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
8,064
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 States, at date of each call during year
ended Dec. 81, 1955—Continued
NEW MEXICO
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
26 banks
26 banks
26 banks
25 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.
116,840
142,755
125,070
128,335
126,473
140,855
135,440
131,290
1,466
9,949
1,415
11, 611
1,415
11,720
1,359
421
39, 584
6,027
424
44,400
6,119
425
36,691
6,425
427
42,952
50,217
3,608
236
55, 228
3,750
260
42,961
3,849
292
67,375
3,921
226
330
432
78
308
132
78
367
189
329
182
371,878
375,468
371, 631
401, 598
192,769
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..
185,848
184, 625
199,943
63,099
11
11,104
67, 259
11,992
3,603
849,887
288,969
65,868
11
13,936
72,305
13,997
3,317
858,878
63,458
11
9,863
74,632
11,760
3,623
8^7,972
272,680
75,292
64,425
11
13,901
79,854
16,247
4,838
379,219
801,1,79
77,7Jfi
1,084
550
370
1,119
441
363
351,841
7,190
6,885
2,163
3,799
100
1,158
730
390
1,200
523
485
355,296
350,350
381,427
7,240
6,942
1,756
4,234
7,240
6,943
2,835
4,263
7,215
7,095
1,683
4,178
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus...
Undivided profits
Reserves.
Total capital accounts
Total liabilities and capital accounts
20,037
20,172
21,281
20,171
371,878
375,468
371,631
401,598
88,158
88,739
93,439
101,009
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
_
^
REPORT OF THE COMPTROLLER OP THE CURRENCY
109
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
326 banks
319 banks
309 banks
304 banks
3,856,408
3,057, 499
181
931,032
240, 928
3,977,507
2, 971,685
175
834,761
209,039
4,159,618
2,738,193
149
882,930
222,662
4, 552, 558
2,538,000
149
837, 671
225,864
30,142
1, 255, 240
105,994
30,195
1, 260,919
89,438
30,192
1, 267,394
91, 975
30,388
1,120,801
85, 746
652,231
68,427
1,064
795,430
69,339
685,060
69, 592
966, 953
71, 256
1,096
1,708
53,873
24, 689
48,057
1,439
39, 251
26,109
55, 212
1,422
38,526
22,858
51,817
2,816
39,839
25,683
53,063
10,327,473
10,361,481
10, 263,357
10, 551,883
5,055,401
5,043,508
4,907,608
5,403,883
1,921, 513
1,922, 558
1,893,767
1,867,911
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.)-r--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..
421,408
356, 258
230,412
382,233
461, 555
449, 229
985,166 1,081,483 1,064,161
297,046
324, 799
289,818
9,062,767 9,190,161
6,762,375 6,857,851 6,523,866
2,332,810 2,811,129
2,800, S92
5,195
250,675
62,255
10
10
10
41,332
55, 236
40, 537
40,960
42,120
44,602
45,927
36,454
43,499
203,072
182,671
181,325
260,812
416, 538
1,106,003
300,076
9,355,223
7,086,217
2,269,006
21,480
10
43,065
45,460
40,364
175,337
9,470,227
9,497,943
9,395,643
386
65
293,629
294,080
433,038
120,155
9,973
326
65
294,936
295,327
435,998
121,767
10,446
329
65
293,850
294,2U
434,842
128,553
10,075
867, 714
870,944
10,327,473
10,361,481
10,263,357
10, 551,883
1,239,583
1,110, 713
1,098,007
994,658
9,680,939
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
857, 246
319
65
295, 551
295, 985
440,806
124, 713
9,490
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
389422—56
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. 31, 1955—Continued
NORTH CAROLINA
[In thousands of dollars]
Apr. 11,
1955
June 30,
Oct. 5,
1955
Dec. 31,
1955
1955
46 banks
46 banks
46 banks
46 banks
182,655
248, 520
178,159
258, 259
177,419
267,004
202,804
"34929
33,825
7,072
33, 891
7,861
38,117
14,463
1,152
56, 986
11,645
1,161
45,142
14, 756
1,183
58, 654
17, 356
1,211
57, 815
14,895
72,056
7,657
284
84,118
7,763
134
94,060
7,802
202
100,028
7,838
285
7
928
1,016
3
58
858
503
22
67
855
696
153
952
537
658,327
706,102
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 oraccrued but not collected
Other assets
Total assets.
615, 236
622,
350,400
346,980
376, 344
416, 309
91, 590
92,430
94, 074
93,857
13,853
18, 076
65,455
25,461
15, 281
13,801
73, 774
27, 947
12, 745
466,059
1S2,626
15,138
70, 410
39, 614
11,470
646,798
512,788
1S4,010
072
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..
24,637
9,256
558, S76
428,012
ISO,
S64
56S,
4SS,
ISO,
68S
003
680
1,775
2,850
1,550
550
7
3,265
1,996
628
58
3,404
1,689
972
67
3,746
2,046
983
153
3,967
2,488
1,329
566,047
572,656
607, 077
655,285
11,775
26,717
8,680
2,017
11,875
26,900
8,613
2,028
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus.
__
Undivided profits
Reserves
_
_.
Total capital accounts
Total liabilities and capital accounts
11,900
27, 550
9,706
2,094
12,150
28,535
8,006
2,126
49,189
49,416
51, 250
50,817
615,236
622, 072
658,327
706,102
115,475
113,375
114,498
113,771
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 States, at date of each call during year
ended Dec. 31, 1955—Continued
NORTH DAKOTA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
38 banks
38 banks
38 banks
38 banks
92,272
118,460
5
12,751
7,319
96,375
111, 709
5
12, 575
7,907
109,821
112, 313
5
13, 082
7,757
111, 833
107, 550
5
14, 656
7,675
378
25, 877
3,847
381
25, 548
3,234
394
27, 717
3,373
402
26, 554
3,499
28,417
2,266
176
934
106
18,110
2,350
1,078
92
26,328
2,480
111
897
90
20,498
2,938
241
934
95
292,808
279,364
304,368
296,880
160, 533
150,220
176,393
169,828
75,375
6
5,723
17,146
10, 362
1,882
271,027
198,686
77, 341
74, 671
6
5,315
15,664
8,869
2,079
256,824
180, 111
76,713
74,943
6
4,397
13, 647
10,067
2,208
281, 661
205,061
76,600
74,756
6
5,751
12,025
8,485
3,355
274,206
198,159
76,047
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Eeserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
Total assets
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
1,250
1,128
1,109
118
1,950
1,243
895
130
500
1,440
1,298
30
100
1,530
1, 407
274, 632
261,042
284,929
277, 576
5,085
7,506
4,485
1,100
5,085
7,631
4,564
1,042
5,485
7,682
5,280
992
5,510
7,881
4,969
944
19,304
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
18,176
18,322
19,439
292,808
279,364
304,368
36,298
35,864
34,915
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
36,410
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. 31, 1955—Continued
OHIO
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
234 banks
233 banks
231 banks
230 banks
1,599,153
1,862,994
235
294,684
56,387
1,672,093
1,812,466
235
296, 494
57, 547
1,736, 717
1,773,096
204
297,190
59, 717
1,835, 503
1, 795,640
201
286,701
63,823
8,491
493, 652
73,800
8,435
510,292
76,180
8,529
521,442
77,056
8,585
527,312
77,045
426,239
44,247
424,479
119
44, 597
105
407,311
45,542
105
518,930
46,052
109
1,044
144
9,661
4,577
2,241
134
8,438
3,736
2,578
21
8,706
4,895
2,576
985
8,166
3,453
4,875,427
4,917,472
4,943,109
5,175,081
2,418, 405
2, 456,224
2,466, 869
2, 712,185
1,229,966
190
131,148
408,384
219,363
67,850
4,475,806
3,153,828
1,242, 521
190
157,122
397,480
220, 732
62,954
4,537,223
3,205,875
1,831, 848
1,254,414
190
116, 078
388, 460
241, 724
65,289
4,583,024
3,191,452
1, 341,572
1,267,398
190
108, 458
345,219
260,246
84,924
4,778,620
8,483,763
1,344,857
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
r
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, 321, 478
425
330
12, 730
43
144
17,163
20, 720
4,508
43
40
40
134
18,890
15,106
4,591
21
21,199
18,400
8,391
985
21, 696
17, 447
5,614
4, 534,289
4, 576,317
4, 593,805
4. 824, 827
115,157
167,014
54, 453
4,514
115,802
167,180
53, 797
4,376
116, 519
167, 691
60, 590
4,504
16,405
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
_
_
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
117,031
171,089
57,467
4,667
341,138
341,155
349,304
350,254
4,875,427
4,917,472
4,943,109
5,175, 081
823,779
784,077
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
821, 244
760,077
REPORT OF THE COMPTROLLER OF THE CURRENCY
113
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
OKLAHOMA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
Dec. 31,
1955
1955
197 banks
197 banks
198 banks
198 banks
557,706
582,483
17
130, 652
42,351
590,051
541,807
17
131, 613
43,563
606,775
538,439
17
134, 293
40,095
662,970
544,098
17
135, 551
37,365
2,706
206, 537
21,502
2,906
203,867
21,870
2,985
188,443
20,047
3,011
192,940
21,209
293,881
14,408
282
333,991
14, 456
320
277, 584
15, 262
297
15,456
734
2,835
326
2,552
1,452
2,831
600
2,154
1,510
2,858
769
2,323
1,273
2,833
979
2,155
779
1,859,690
1,891, 556
1, 831,460
2,012, 585
1,058, 775
1, 099, 523
1,072,405
1,179, 716
186. 569
97
70, 566
163, 611
218, 953
12,981
1,711,552
1, 513,252
198,300
190, 475
97
56,913
150, 353
218, 419
22, 538
1, 738,318
1,535,856
191, 907
97
44, 742
138,463
194, 254
16,826
1,658,6941,456, US
202,551
192, 919
97
39,679
171, 344
221, 688
35,057
1, 8Jfi, 500
1,639,318
201,182
12, 702
10,000
326
2,055
5,634
313
600
2,075
4,662
935
769
2,249
6,032
294
979
2,335
6,233
1,346
1, 719,880
1, 746, 590
1, 680, 740
1,861,393
37,760
52,413
44,994
4,643
39, 640
57, 614
42, 701
5,011
40, 295
58,789
46, 469
5,167
42,670
61,391
42,391
4,740
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..
202, m
CAPITAL ACCOUNTS
Capital stock: Common stock_.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts-
139,810
144, 966
150,720
151,192
1, 859, 690
1, 891, 556
1,831, 460
2, 012, 585
326,784
329,442
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
349,692
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. 31, 1955—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
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets.
Apr. 11,
1955
June 30,
Oct. 5,
Dec. 31,
1955
1955
1955
13 banks
13 banks
13 banks
13 banks
669,065
540,060
684, 701
527, 730
736, 072
537,273
745,013
560,870
165,054
15, 625
159,837
16,390
155, 288
17, 834
157,136
17,175
2,670
201, 641
14, 967
2,670
168, 596
17,118
2,672
173, 263
13,441
2,673
179,275
14, 753
106, 372
18, 745
507
316
5,293
1,186
108, 511
18, 959
379
96
6,547
1,549
116,472
18, 779
308
157
5,439
2,021
105,130
19, 259
313
94
6,490
2,360
1,741,501
1, 713,083
1, 779, 019
1, 810, 541
821,344
806,832
866,177
823,046
547, 548
13
33,190
133,247
28,030
24,011
1,587,388
1,002,868
585,020
555,026
13
27,164
130, 212
24, 356
25,481
/, 569,084
972,183
596, 951
563, 861
14
22, 576
116,362
30,856
29,007
/, 628,853
1,025,703
608,150
570, 495
14
17, 729
189,850
30, 504
28, 541
1,660,179
1, 049,046
611,138
38
72
8,791
6,240
96
9,358
5,791
6,605
157
9,882
10, 512
7,427
126
9,871
8,419
7,035
1,621,958
1,590,972
1,656, 869
1, 685, 702
50,060
30,433
115
38,935
50,145
32,918
113
38, 935
50,145
32, 960
110
38, 935
50, 235
35, 569
100
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions.
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
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..
10, 500
316
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts.
Total liabilities and capital accounts
119,543
122, 111
122,150
124,839
__.
1,741,501
1, 713,083
1, 779, 019
1,810, 541
Assets pledged or assigned to secure liabilities and for
other purposes
417,220
395,112
396, 665
MEMORANDUM
420,147
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. 31, 1955—Continued
PENNSYLVANIA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
539 banks
536 banks
532 banks
522 banks
2,830,868
2,702,842
31
649,546
264,191
3,023,465
2,527,627
31
623,589
245,937
3,011,193
2,462,509
31
601,147
236,007
3,122,896
2,342,614
31
592,289
222,483
20,521
815,584
126,918
22,168
862,484
119, 358
21,799
794, 628
121,375
22,063
756,618
125,701
640,628
77,571
1,768
592,308
78,474
1,872
541,802
77,653
1,968
714,931
79,218
1,756
6,353
3,152
14,609
8,065
7,617
2,703
13,570
9,046
8,652
1,857
12,504
9,879
8,953
1,495
11, 790
8,162,647
8,130,249
7,903,004
8,011,703
3,964,479
4,020,168
3,840,826
4,058,894
2,193,257
771
241,895
279,655
451,724
59, 979
7,191,760
4,924,805
2,266,955
2,198, 740
772
219, 729
252, 945
478,186
75, 730
7,246,270
4,974,281
2,272,089
2,223,076
771
157, 987
278,238
424,161
68,439
6,998,498
4,698,748
2,189,444
733
138,397
208,304
432, 956
89,107
7,117,885
4,875,416
2,242,419
107,565
19,770
30
20
3,306
21,821
31,770
3,545
3,066
23,851
25, 938
7,316
51
2,210
23, 789
33, 758
4,708
1,591
25, 658
37,846
11,820
7, 359, 797
7, 326, 231
7,100, 969
7, 221, 271
50
211, 946
211,996
460,876
119,308
10,670
50
212,601
212,651
464, 291
116, 684
10,392
50
208,327
208,877
454, 588
128,548
10,522
50
206,532
206,582
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
2,294, 750
42, 955
26,465
56
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
802,850
804,018
802,035
790,432
8,162,647
8,130,249
7,903,004
8,011,703
1,060,826
931,887
868,045
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
474,798
97,345
11, 707
116
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, 1955—Continued
RHODE ISLAND
[In thousands of dollars]
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. GovernmentObligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including 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
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
5 banks
5 banks
5 banks
5 banks
1955
224,319
156,334
149,495
247,086
120,338
254,665
138,554
35, 221
2,421
40,959
2,197
45,548
2,316
43,268
2,240
1,253
38,095
10,387
1,253
29,395
9,337
1,253
40,231
10,265
1,237
40,059
10,134
25,032
8,241
12
71
872
731
23,010
7,067
12
1,764
1,057
530
19,132
7,345
38
1,381
832
523
28, 780
7,544
46
713
1,124
457
499, 532
496, 288
528,821
208,809
204,063
204, 744
234,505
198,876
24
10,827
26,698
6,133
7,270
458,637
258,705
199,982
198, 528
24
10,972
26,082
4,474
8,865
453,008
253,489
199,519
201,033
24
7,941
21, 711
5,803
7,984
449,240
247,070
202,170
197,923
24
7,959
19, 769
8,167
14,035
482,382
283,268
199,114
71
2,386
2,537
199
1,764
2,316
2,155
426
1,415
2,620
3,054
785
2,550
2,282
525
463,830
459,969
456,427
488,824
11,130
21,117
6,837
75
11,130
21,127
7,241
65
11,130
21,127
7,530
74
11,130
21,160
7,636
71
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..
300
300
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
39,159
39,563
39,861
39,997
502,989
499,532
496,288
528,821
23,166
23,623
23,213
25,594
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
_.
REPORT OF THE COMPTROLLER OF THE CURRENCY
117
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
SOUTH CAROLINA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
26 banks
27 banks
26 banks
26 banks
ASSETS
Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
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..
182,557
182,925
183,153
178,789
186,992
185,379
195,025
184,800
24,459
9,263
24,903
11,028
25,812
12,059
826
54,326
14, 714
24,924
8,597
833
38, 392
14, 526
833
58, 449
13,923
850
57,800
11,958
59, 686
4,950
157
71, 042
5,061
159
72, 367
4,842
180
77,270
4,899
237
11
596
951
12
543
539
11
668
723
1
609
804
535,421
526, 570
560,298
572,124
331,374
320, 577
355,209
358, 777
58,150
7
19,092
61, 948
18,156
7,743
496,470
482,970
63,500
58, 723
7
21,431
60,254
14,207
11, 833
487,0S2
423,094
63,938
59, 507
7
17,650
56, 740
20, 251
10,216
519,580
454,884
57,556
7
19,105
67,456
18,322
9,702
530,925
468,180
62, 745
1,254
2,376
431
1,338
1,746
991
1,519
2,540
477
1,655
2,378
1,324
500, 531
491,107
524,116
536,282
9,587
17, 940
5,724
1,639
9,747
18,026
5,887
1,803
9,847
18,026
6,609
1,700
10,266
18,480
5,500
1,596
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 stockSurplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
34,890
35,463
36,182
35,842
535,421
526, 570
560,298
572,124
110,680
105,516
103,936
103,541
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 banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
SOUTH DAKOTA
[In thousands of dollars]
Apr. 11,
1955
June 30,
Oct. 5,
1955
1955
Dec. 31,
1955
35 banks
35 banks
34 banks
34 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 .
121,627
112,334
4
14,587
5,418
125,456
108,371
4
14,267
5,711
126,137
113,854
4
14, 417
6,318
128, 613
114, 617
4
14,493
7,280
418
29,138
4,055
422
27,018
3,920
435
30,461
3,432
26,975
3,624
28,064
2,628
31,423
2,638
116
28,746
2,583
171
1,007
107
27,165
2,634
76
2
1,196
193
1,090
163
1,109
311
319,433
316,435
173,362
164,431
182,358
178,450
71,481
72,039
72,599
73,642
8,821
33,553
8,373
1,967
6,763
40,064
8,594
2,899
294,790
216,862
77,928
6,485
34,273
9,332
2,086
307,133
228,534
6,138
35,935
9,293
1,978
305,436
225,687
79,749
328,963
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed 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..
297,557
220, 307
77,250
78,599
40
19
19
1,147
1,476
1
2
1,180
1,068
84
1,262
1,512
300,200
297,143
309,965
5,218
8,842
4,276
897
5,218
8,844
4,406
5,523
8,979
5,193
828
18
18
1,303
1,672
107
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts..
Total liabilities and capital accounts
5,523
9,063
5,024
817
19,233
19,292
20,523
20,427
319,433
316,435
330,488
328,963
59,145
63,040
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
54, 702
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. 31, 1955—Continued
TENNESSEE
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
75 banks
76 banks
76 banks
77 banks
ASSETS
Loans and discounts (including overdrafts)
_.
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal 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
694,545
573,086
6
107,211
21,458
707,967
524,369
6
111, 427
18,809
772,883
508,128
113, 781
16,151
798,211
516,637
6
112,466
18,627
3,310
204,107
31,535
3,326
186,567
32, 226
3,333
195,323
30,763
3,402
191,384
32,873
266,906
19,351
391
5,019
3,176
1,541
291,374
19,530
389
1,852
2,885
987
251,516
20,019
496
5,273
2,701
967
352,222
20,340
389
2,013
2,691
841
1,901, 714
1,921,340
2,052,102
839, 333
862,846
913,226
407,196
179
39, 513
173,232
282,927
12,861
1,755, m
1,825,112
414,416
179
27, 791
139,852
302, 779
14,364
1, 762,227
1,325,073
437,154
420,459
181
33,744
129,600
384,607
15, 657
1,
. '97,474
1,459,403
-1,071
1,931, 642
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..
399,407
178
45,775
146,550
305,334
16,581
1,780,661
1,358,7+5
421,916
3,675
5,019
7,918
6,128
496
1,852
7,754
3,844
770
5,273
8,387
5,843
638
2,013
8,517
5,468
1,088
1,800,222
1,769, 461
1, 786,043
1,914, 560
37,551
69,484
21,169
3,216
37, 765
37,815
70,063
24,141
3,278
39,015
71,553
23,536
3,438
137,542
:
2,052,102
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts .
21,456
3,135
131,420
132,253
135,297
1,931, 642
1,901, 714
1,921,340
249,805
237,060
223,202
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
238,019
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. 31, 1955—Continued
TEXAS
[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. 11,
1955
J u n e 30,
1955
Oct. 5,
1955
Dec. 31,
1955
441 banks
442 b a n k s
444 banks
446 banks
2, 953,887
2,096,217
3,034,117
1,974,352
3,140,233
1,902, 374
3, 375, 443
1,941,320
328, 525
89,233
335,868
93,200
352, 750
97, 816
350, 939
95,621
13, 094
870.162
90,596
13. 285
814. 072
92, 758
13, 528
832. 494
93, 760
14, 358
854,164
89,827
1, 310, 617
105, 493
3,130
1, 447, 472
106, 484
3,133
1, 241. 800
108. 477
3,839
1, 743, 602
115, 568
4,359
4.872
9,102
30,122
18, 826
4,830
20, 957
10, 385
21, 059
4,825
23, 706
10,135
16, 332
7, 910,410
7, 957, 663
7, 844,302
8,640,199
4, 538, 616
4, 520, 866
4, 524,194
4,834, 658
818,347
1,170
172,838
562, 892
1,141, 953
65,474
7, 301,290
6,278,958
1,022, SS2
851, 901
1,171
188, 786
569, 092
1,157,133
73, 430
7, 362, 379
6, 275,90A
1,086,475
850, 497
1,171
128. 597
543. 710
1,079, 868
71, 993
7,200, 0S0
6,136,972
1,063,058
841, 810
1,171
146,124
624, 870
1,388, 436
146, 529
7, 983. 598
6,885, UOh
1,098,19 h
4,830
18,393
10,882
15, 351
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..
11,100
1,569
10, 833
2,000
18,393
9,390
27,399
9,189
10, 261
23, 729
2,746
20, 957
10, 949
30,610
571
25, 377
11, 521
30, 362
4,418
7,368,374
7,409,873
7,273, 950
8, 057, 443
206,113
236, 727
86,842
18,108
210, 863
240,671
100,177
18, 641
220, 563
259, 438
81, 699
21,056
167
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts.__
203,113
232,975
87,586
18,362
542,036
547, 790
570, 352
7,910,410
7,957,663
7,844, 302
;, 640 199
1,205,415
1,184,928
1,162, 855
1,174,970
582, 756
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
121
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1955—Continued
UTAH
[In thousands of dollars]
Apr. 11,
1955
J u n e 30,
1955
Oct. 5,
1955
Dec. 31,
1955
9 banks
9 banks
9 banks
7 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,
129,607
132, 770
131,746
115,175
135,257
110, 700
137,505
122,338
11,893
2,037
12,333
2,537
16,837
2,647
15,200
3,031
408
49, 633
2,516
408
46,210
3,827
411
46,144
3,454
421
52,061
3,846
20, 902
5,129
2
30, 517
733
30, 225
1,008
3,000
3
17
92
3,200
2
17
252
4,000
5
35
162
355,099
342,197
350,383
370, 025
197, 758
189,055
200, 468
189,857
73, 549
1,020
9,227
27, 987
20, 421
2,078
882, 040
255,128
76,912
75,322
1,020
9,850
25,280
17, 002
1,860
819,889
240, 704
78, 685
75,395
1,020
7,204
21,333
18, 099
2,229
825, 748
246,890
78,858
76,414
1,020
16, 516
36, 742
23,119
3,510
847,178
267, 401
79, 777
5
1,065
1,857
190
3
1,167
898
342
2
1,392
1,767
821
1,563
1,166
216
335,157
321, 799
329, 730
350,123
6,350
6,843
5,908
841
6,350
6,881
5,572
1,595
6,350
6,936
5,574
1,793
7,050
6,650
4,938
1,264
20, 653
19, 902
355, 099
342,197
350,383
370, 025
14,586
16, 555
17,417
24, 469
220
162
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corpo*
rations
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
Reserves
Total capital accounts
Total liabilities and capital accounts.
19, 942
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
122
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, 1955—Continued
VERMONT
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
36 banks
36 banks
36 banks
34 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
69,954
54, 713
13
9,782
4,020
74,982
50, 476
13
11, 000
3,843
74,817
55, 522
13
11.387
3,609
71,319
51,254
11
9,049
3,719
363
13,057
3,090
363
13, 005
3,448
364
14, 643
3,215
341
14,006
2,911
12, 764
1,945
145
11,876
1,961
145
13.388
2,001
111
14, 246
1,844
106
23
163
124
23
176
123
166
129
123
384
170,156
171,397
179,488
169, 206
61,942
60,892
66,012
62,151
78,990
3
1,862
4,864
1,605
1,822
151,088
71, S70
79,718
79,426
3
2,703
4,806
1,644
2,689
152,168
71, 903
80,460
74, 642
4
2,287
7,393
1,874
2, 68&
150,93'J
75,07U
75,865
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
1,979
7,425
1,478
2,609
159, 967
78,818
81,649
411
689
214
532
275
764
281
687
25
905
231
152, 934
154,170
161, 750
152,855
5,695
6,406
3,929
1,192
5,695
6,446
3,844
1,242
5,695
6,446
4,348
1,249
5,295
6,119
3,679
1,258
958
380
578
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus.
Undivided profits.
Reserves
Total capital accounts
-
Total liabilities and capital accounts
17, 222
17,227
17, 738
16,351
170,156
171,397
179, 488
169,206
9,247
9,121
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
10,381
I
REPORT OF THE COMPTROLLER OF THE CURRENCY
123
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
VIRGINIA
[In thousands of dollars]
A p r . 11,
1955
J u n e 30,
1955
Oct. 5,
1955
Dec. 31,
1955
132 b a n k s
132 b a n k s
132 banks
132 b a n k s
566,217
517,279
21
82,912
25,886
601,991
485,953
21
82,370
25,072
620,245
508,957
17
86,411
27,234
644, 665
2,731
141,351
32,188
2,757
131, 570
32, 462
2,863
134, 319
32, 471
2,884
132, 755
31, 705
154, 063
16, 038
167, 901
16, 064
591
174,304
17, 018
597
198, 275
18,133
621
715
178
1,695
1,727
711
355
1,541
2,303
703
387
1,606
2,384
703
148
1,666
1,797
1, 543, 644
1, 551, 662
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
1, 609, 516
31, 053
1, 652, 237
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
719, 660
420, 725
120
53,079
107,147
99, 782
20,317
/, 420,830
945,559
472,385
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 ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
721, 462
416,120
120
45,007
103, 328
109,864
18, 971
1,414,872
1,100
76
178
4,306
5,748
136
4,775
76
355
4,602
3,213
3,045
760,428
434,732
120
44, 073
112, 810
135,108
30, 539
1,517,810
1,030, 032
487,778
1,525
76
67
5,156
4,767
133
148
5,173
5,136
1,281
1, 426,416
1, 434,817
1, 487,401
1, 531,140
31,929
32,179
60,181
20, 709
3,776
33,329
60, 761
24, 067
3,958
33,354
62,134
21, 709
3, 9C0
21, 538
3,953
117,228
_.
475,271
770,647
433,578
120
44,308
98, 505
109, 800
16,879
, 473,887
986, 645
487,192
116,845
122,115
1, 543,644
1, 551,662
1, 609 516
245, 748
238, 589
244,037
121,097
1, 652, 237
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
__
240, 508
124
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, 1955—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
lbank
lbank
lbank
lbank
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
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
2,580
3,591
2,708
5,868
2,831
5,817
3,091
4,721
279
581
469
250
2
1,248
454
2
1,060
497
2
817
522
69
7
9
88
35
4
64
17
25
5
9
28
69
3
64
14
7,673
10,650
10,274
9,303
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
2,344
2,043
2,163
2,077
3,686
3,851
4,009
3,997
263
790
20
92
7,195
S,S72
5,828
225
3,975
21
45
10,160
h, 227
5,988
266
3,280
14
51
9,788
8,754.
6,029
269
2,400
4
25
8,772
8,105
6,667
29
19
17
32
16
16
38
16
9
43
30
19
7,260
10,224
9,846
8,864
150
150
74
39
150
150
81
45
150
150
83
45
150
150
94
45
CAPITAL ACCOUNTS
Capital stock: Common stock _ _ . _ .
Surplus
Undivided profits _
.
Reserves
_.
Total capital accounts
413
426
428
439
_.
7,673
10,650
10,274
9,303
Assets pledged or assigned to secure liabilities and for
other purposes
_
3,092
4,273
4,273
4,272
Total liabilities and capital accounts
MEMORANDUM
REPORT OF THE COMPTROLLER OF THE CURRENCY
125
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1955—Continued
WASHINGTON
[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. 11,
1955
J u n e 30,
1955
Oct. 5,
1955
Dec. 31,
1955
31 banks
31 banks
31 banks
30 banks
852, 762
644, 579
905,771
575,980
977, 503
563,173
1,004,000
541,770
174, 401
39,495
176,839
40,354
173,679
37,190
170, 555
37, 729
2,984
228,363
27,306
2,983
231, 581
27, 322
3,112
242,655
25, 785
3,286
241, 770
26,661
205,826
23,914
855
175, 375
24,349
671
207, 567
24,858
700
244,920
25,418
729
475
332
5,245
2,129
475
228
4,751
1,639
475
219
4,940
1,335
475
232
4,398
2,671
2, 208,666
2,168, 318
2,263,191
2,304, 614
1,171,958
1,134,726
1, 204,110
1,260, 792
544, 794
9
65,815
153, 698
90, 356
17,845
2,0U, 475
1,480,812
568, 663
555,144
9
57, 616
156, 607
85,457
17, 726
2,007,285
1,482,204
575,081
570,484
9
47, 574
147,897
94,380
19,984
2,084,438
1,495,74S
588, 695
582,247
9
40,427
148,321
80,048
20,391
2,1S2,285
1,588,608
598,627
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..
9,000
14
52
50
332
9,433
12,431
2,097
244
9,950
7,572
2,051
221
11,205
11,486
2,446
238
10,968
10,317
2,254
2,0&8, 782
2,027,110
2,118,848
2,156,062
44,850
64, 793
37,488
1,421
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
42,750
56,702
35,948
4,484
42, 800
57, 657
36, 278
4,473
43,600
60,140
36,110
4,493
139,884
141,208
144,343
148,552
2, 208,666
2,168,318
2,263,191
2,304, 614
386, 501
372,379
365, 790
351,067
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
389422—56
9
126
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, 1955—Continued
WEST VIRGINIA
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
75 banks
75 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.._
Income earned or accrued but not collected
Other assets
_
_
_
Total assets.
185,416
265,985
195,387
264,194
199,649
260, 721
26,433
7,240
27,721
7,185
27, 662
7,486
203,817
255, 640
5
28,017
7,637
1,282
61, 574
15, 707
1,293
56,172
16,210
1,280
64,456
14, 598
1,287
55,053
14,321
6,255
121
353
734
66, 789
6,401
79
327
775
62,304
6,439
219
263
900
81,068
6,332
190
307
962
629,969
642, 533
645,977
654,636
319,043
314,417
325,882
310,986
164, 524
186
13,520
40,110
29,107
6,341
572, 881
405,681
167,200
165, 503
186
14,833
51,682
28,523
8,578
588, 722
415,582
168,190
166,314
186
11, 596
43, 855
30,355
7,784
585,972
417,488
168,584
156,820
186
16,683
49,153
36,167
23,123
598,118
488,880
159,288
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
a
_
Postall 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
325
1,825
375
2,100
11
968
1,270
247
11
1,060
1,102
377
11
1,158
1,290
299
7
1,154
1,783
469
575,652
588,097
589,105
598,631
15,200
26,810
9,781
2,526
15,450
27,043
9,530
2,413
15, 750
26,952
11,401
2,769
15,756
27,853
9,703
2,693
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus..
Undivided profits
Reserves
Total capital accounts
_.
Total liabilities and capital accounts
54,317
54,436
56,872
56,005
629,969
642, 533
645,977
654,636
101,245
107,864
104,780
104,027
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
127
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1955—Continued
WISCONSIN
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
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.
551,350
700,260
574,649
656,361
591,054
659,428
638,281
648,875
86,264
62, 575
88,644
65,285
91,999
66,401
93,379
64,261
2,767
161,826
22,666
2,769
168, 494
22,559
2,851
180,973
19,946
2,861
138,091
20,428
167, 534
12,116
66
51
4,001
3,061
168,694
12,953
59
110
3,868
2,453
167,795
13,171
114
51
3,959
2,369
210,955
13,215
200
51
3,558
1,940
1,774,537
1,766,898
1,800, 111
1,836,095
830,715
827,880
849, 573
920,567
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..
529,951
525, 622
526,641
1,061
1,058
1,061
41, 524
46,734
65,270
67,108
89,606
79,216
141,525
122,681
116,490
16,322
19,850
22, 510
1,636,266 1,639,068 1,647,064
1,094,235 1,096,278 1,103,180
543,884
542,081
5^2,795
12, 675
3,800
51
3,355
5,980
1,415
110
3,713
1,659,742
1,652,464
50
31,245
31,295
60,967
18,683
3,850
50
31,295
31,345
61,061
18,365
3,663
1,885
21,850
51
4,026
5,510
2,127
530,081
1,061
43,583
68,246
122,019
22,220
1,707,777
1,164,067
543,710
50
28
51
4,214
3,842
2,041
1,718,003
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
31,295
31,845
63, 790
20,852
3,496
50
31,345
81,395
64,349
18,707
3,641
114,795
114,434
119,483
118,092
1,774,537
1,766,898
1,800, 111
1,836,095
206,679
197,816
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
251,000
128
EEPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks,"by States, at1 date of each call during year
ended Dec. 81, 1955—Continued
WYOMING
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
25 banks
25 banks
25 banks
25 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.
73, 579
96,312
78,475
92,125
78,048
91, 742
76,885
99,946
9,690
3,745
9,587
3,894
10, 670
3,775
10,804
3,713
320
21,927
3,863
326
20,493
4,401
329
21, 760
3,924
337
22,287
3,807
29,866
1,660
308
272
180
29,656
1,616
82
337
470
30, 010
1,668
91
320
519
38, 485
1,585
390
312
273
241, 722
241, 462
242,856
258, 824
126,462
126, 353
132,079
131,353
52,903
18
4,784
28,933
10,387
1,428
224, 915
170, U7
54,468
53,029
18
5,442
28,346
9,270
2,078
224,536
169,621
54,915
53,871
18
5,009
22, 868
9,301
1,590
224, 736
168,643
56,093
55,336
18
4,889
34, 351
13, 361
1,894
241,202
182,328
58,874
250
874
537
4
250
887
581
55
525
993
226, 580
226,309
227,066
242, 745
3,010
7,165
4,073
3,010
7,365
3,924
854
3,020
7,555
4,344
871
2,970
7,855
4,200
1,054
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-
970
487
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits..Reserves
Total capital accounts
Total liabilities and capital accounts
15,142
15,153
15, 790
16,079
241, 722
241, 462
242, 856
258,824
47,802
48,341
47,932
50, 615
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
TABLE N O . 17.—Fiduciary activities of national banks as of Dec. 81, 1955
B a n k s with capital stock of—
$25,001 to
$50,000
$25, 000
Number of national banks with trust powers but not administering trusts.
__
_ __ __
Number of national banks with trust powers administering trusts_
Total number of national banks authorized, to exercise trust
powers
Total assets of national banks with trust powers but not administering trusts
Total assets of national banks with trust powers administering
trusts
Total assets of national banks authorized to exercise trust
powers
$50,001 to
$100,000
$100,001 to
$200,000
$200,001 to
$500, 000
$500,001 and
over
Total
6
8
39
35
82
215
63
368
41
410
16
444
14
74
297
431
451
460
$9, 856, 024
$119,315, 008
$395.. 808, 560
$554,115, 987
$608, 602,154
$1,538, 943,089
$3, 226, 640, 822
19, 700, 659
109, 011, 025
1,228, 279,186
3, 282, 763,104
7, 241, 537,339
81, 774,105,374
93, 655, 396, 687
29, 556, 683
228,326,033
1,624,087, 746
3,836, 879,091
7, 850,139,493
83, 313,048, 463
96,882,037,509
205, 611
16, 946
52, 309
2, 802,159
172,466
452, 524
35,833
52,307,998
2,194, 215
6,715,021
3,167,980
285,075, 480
7,852,997
28,880, 524
22,489,868
918, 653,764
21,498,717
76,519,697
113,220, 626
24, 622,656, 751
503, 297,909
946, 922, 509
9, 572, 638, 610
25,881, 701, 763
535, 033, 250
1, 059, 542, 584
9, 711,552, 917
274, 866
3,462, 982
64,385, 214
344, 298,869
1,129,892, 804
35, 645, 515, 779
37,187,830,514
52,175
222,691
645,506
2, 763,309
14,315,384
38,991,604
102,337,321
157,332,877
408,011,785
411,956,414
7,704,018,380
3, 998,372, 245
8, 229,380, 551
4, 609, 639,140
16,686
25,583
11,898
9,650,059
910,093
518,074
63,915, 932
17,324,842
3, 387,897
269, 004, 221
32,402, 802
8, 517, 582
19, 739,506, 346
4,053, 022, 775
150,596,033
20,082,093,244
4,103,686,095
163,031,484
274, 866
3,462,982
64,385, 214
344, 298, 869
1,129,892,804
35, 645, 515, 779
37,187,830,514
46, 500
640,415
7,024,495
205, 353, 710
475, 788, 258
16, 669, 587, 820
17,358,441,198
247
1,480
_
1
S
3
o
1, 727
W
§
+Q
TRUST DEPARTMENT ASSETS
Investments _
Time deposits
Demand deposits
Other assets
Total
_
TRUST DEPARTMENT LIABILITIES
Private trusts
Court trusts
Other liabilities:
Agency, escrow, custodian, etc., accounts
Corporate accounts
Miscellaneous
Total
T o t a l volume of b o n d issues outstanding for which banks are
acting as trustee
_ _
1
S
Includes 23 banks which have been granted only certain specific fiduciary powers.
SO
Dec, Sly 1955—Continued
TABLE N O . 17.—Fiduciary activities of national banks as of
Banks with capital stock of—
$25,000
Number of national banks administering personal accounts:
Voluntary, private or living trusts _ _ _
_
Court accounts
Agencies, escrows, custodianships, etc
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
NnTnber of national banks acting as registrar
Number of personal accounts being administered:
Voluntary, private or living trusts
Court accounts
t
A-gencies, 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 for which national banks are acting as registrar
.
Total number of accounts being administered
$25,001 to
$50,000
$50,001 to
$100,000
$100,001 to
$200,000
$200,001 to
$500,000
$500,001 and
over
Total
3
7
18
29
4
157
194
59
306
339
166
381
375
286
432
424
407
1,297
1,368
922
1
6
3
3
40
8
5
4
11
126
25
26
14
15
189
82
56
46
61
342
270
204
228
230
704
388
294
293
317
10
25
68
218
12
942
3,038
287
4,126
8,847
1,560
12,933
18,478
5,889
93,994
71,704
67,084
112,073
102,310
74,832
35
298
4,267
14,533
37,300
232,782
289,215
2
10
3
3
69
16
5
531
127
51
715
338
159
6,729
22,405
5,223
8,056
22 889
5,441
2
16
90
709
1,212
34,357
36,386
4
20
66
3,062
3,153
1
W
i
&
a
w
1-3
1
11
38
314
4,372
22
15,284
103
2,924
38,681
273,125
M
3,060
331,814
Io
4
TABLE N O . 18.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. 81, 1955
Federal Reserve districts
Boston
New York._..
Philadelphia..
Cleveland
Kichmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas
San Francisco
Total...
Number
of banks
exercising
fiduciary
powers
Number
with authority
but not
exercising
fiduciary
powers
Total
number
Total banking
authorized assets of banks
to exercise authorized to
fiduciary
exercise fidupowers
ciary powers
143
192
200
98
134
112
211
103
48
105
88
46
1,480
178
210
208
111
157
136
241
126
63
137
107
53
247
i 1, 727
Personal account liabilities
Living
trusts
$5, 567, 872, 616 $490,405, 810
359,170,157
12, 239, 244, 562
201, 272,848
4,188, 767,039
7, 526,388,365 1,806,993,142
453,155,323
4, 709, 523,212
467,294,034
6, 903,152,077
16, 434,058,424 1,851, 429,383
165,034, 981
3, 654, 996,036
201,435,301
2, 535, 237,243
387,858,
743
5,060,295,124
619,839, 328
7,394,024, 700
1,225,491,
501
20, 668, 478, 111
96,882,037, 509
8, 229, 380, 551
Court
accounts
Boston
New York
Philadelphia.
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas
San Francisco
Total...
Living
trusts
5,619
3,425
6,926
10, 798
7,254
6,619
40,919
2,652
3,254
5,475
5,893
13,239
112,073
Court
accounts
7,385
8,419
16,033
11, 669
10,192
5,674
14,288
3,675
4,274
3,520
2,588
14, 593
102,310
$1,497, 572,004
962,465,110
146, 645, 540
2.044,934,981
844, 221, 713
1,481,217,715
8, 770,254,836
150, 519,237
1,165,201,382
1, 229, 612, 786
228, 904,800
1, 560, 543,140
$274,188,870
545, 788,831
80,328, 731
556, 200, 713
233,107, 590
397,263, 281
1,157, 702,425
50,338,141
319, 980, 553
174, 267,070
190,349, 225
287,202,149
$2,842, 588,276
2,274,498, 745
728,155, 763
5,192,173,913
1,849, 268, 655
2, 726,839,445
12,302, 577,164
457,839,163
1,833,288,449
1, 935,331, 981
1,106,986, 616
3, 938, 282,344
4, 609, 639,140
20,082,093,244
4,266, 717, 579
37,187,830, 514
Number of
corporate Number of
Total
Bond and detrust bond all other number of benture issues
issue acaccounts
outstanding
accounts
Agency,
counts be- being ad- 2 being adwhere bank
escrow,
custodian, ing admin- ministered ministered acts as trustee
istered
etc.
5,032
5,114
1,456
4,934
4,546
6,296
17, 781
1,114
5,246
13,689
1,720
7,904
321
350
490
907
360
790
1,688
1,481
345
471
352
501
1,249
4,235
407
2,394
668
3,446
8,912
1, 511
387
5,891
3,418
2,025
19,606
21, 543
25,312
30, 702
23,020
22,825
83,588
10, 433
13, 506
29,046
13,971
38,262
$703, 904, 620
3,084,057, 423
284, 793,199
2,043, 579,288
781, 705,828
1,054,460,409
5,188, 521, 754
308,325, 659
229, 572,806
860,968,020
956,868,088
1,861, 684,104
74, 832
8,056
34, 543
331,814
17, 358, 441,198
1 Includes 23 banks which have been granted only specific fiduciary powers.
2 Corporate paying agency, depository, registrar, transfer agency, etc.
Total
liabilities
$580,421. 592
407,074, 647
299, 908, 644
784,045,077
318,784,029
381,064,415
523,190, 520
91, 946,804
146, 671,213
143, 593, 382
67,893, 263
865,045, 554
Number of personal accounts
Federal Reserve districts
All other
liabilities
Agency,
escrow,
custodian,
etc.
Common trust funds
Number
of funds
3 12
14
11
14
12
10
105
Ledger
value of
assets in
Trust department
gross earnings for
year ended
Dec. 31,
1955
()
3 $31, 224, 634
13,883,185
60,432, 677
33, 604,028
21,965,042
255,428,161
* 15,162, 513
(4)
15,294,823
15,992, 900
79,390, 585
$7, 521,000
8,130,000
3,340,000
12, 505,000
5,917,000
6,296,000
23,173,000
2,147,000
3, 715,000
4,128,000
5, 413,000
20, 748,000
542,378,548
103,033,000
3 Figures of district No. 1 consolidated with and shown under district No. 2.
* Figures of district No. 9 consolidated with and shown under district No. 8.
S
3
o
o
O
W
o
3
3
TABLE NO. 19.—Classification of investments under administration by the active national bank trust departments, Dec. 31, 1955
Trust department investments classified according
to capital stock of banks administering trusts
Banks
Banks
Banks
Banks
Banks
Banks
with
with
with
with
with
with
Total
capital
capital
capital
capital
capital
capital
stock
stock
stock
stock
stock
stock
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
of $500,001 and over
..
..
Percent
Bonds
Stocks
Real-estate
mortgages
Percent
$20,050
77, 265
5,015, 725
26,181, 714
84,158, 632
983,349, 629
9.75
$4, 551
2.76
539, 501
9.59
4, 681,055
9.18 26, 216,845
9.16 73, 823, 532
3.99 844,130, 408
26.74 1,098, 803,015
4.25 949, 395,892
Percent
$172,025
1,262,054
20, 714,282
105, 275, 729
304,148,034
15, 438, 692, 422
83.67
$8, 735 • 4.25
45.04
874,877 31.22
20,263,497 38.74
39.60
114, 726,318 40.24
36.93
411,020, 467 44.74
33.11
62.70 6,375,137,401 25.89
15,870,264, 546
61.32 6,922,031,295
Real estate
Percent
"is2ellineous
Percent
2 21
19.25
8 95
9 20
8 04
3.43
$250
48, 462
1, 633, 439
12, 674,874
45, 503,099
981, 346, 891
$205,611
0 12
2, 802,159
1.73
52, 307.998
3.12
235,075.480
4.45
918, 653. 764
4 95
3.99 24, 622, 656. 751
3 67 1,041, 207, 015
Total
investments
CO
to
j
o
O
4.02 25.881,701,763
w
TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. SI, 1955
Number
of banks
exercising
fiduciary
powers
Location
Alabama
Alaska
__
Arizona
Arkansas
California
Colorado
__ _ _
__ _
Connecticut
Delaware
District of Columbia _
Florida
Georgia.
__ __ _ _ _ _ _ _ _
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas.
__
Kentucky
Louisiana
_ _
Maine
•
_
_ _
_ _
__ _
23
3
2
18
16
19
24
5
6
31
16
3
91
84
33
30
46
16
22
Number
with authority
b u t not
exercising
fiduciary
powers
8
1
2
1
11
3
3
6
1
1
17
7
14
5
7
2
3
Total
number
Total banking
authorized assets of banks
to exercise authorized to
fiduciary
exercise fidupowers
ciary powers
31
4
2
20
17
30
27
5
6
34
22
1
4
108
91
47
35
53
18
25
$1,124,864, 884
104,633,092
572,294, 626
450, 407,115
14,895.376, 670
953, 938, 713
1,153, 586, 916
25, 522, 200
896, 739, 526
1, 775, 251,894
1,283,428,163
208,462,177
405, 555, 501
9,329,132, 638
2, 557, 735,347
783,170,075
774,143,065
721,086,033
1, 754,151, 266
282, 905,097
§
Personal account liabilities
All other
liabilities
Living
trusts
Court
accounts
Agency, escrow,
custodian, etc.
o
F
$151, 650,490
280, 922
0)
42, 502,477
788, 492, 234
117,431,159
174, 810, 981
437, 545
171, 259, 779
135, 785,199
74,466, 722
$54,344,119
1,245,617
0)
8,474,377
742, 688, 216
30,495,831
253,485,063
1, 530,800
13, 439,341
140,149, 746
118, 713, 924
$323, 888, 769
40
0)
6,025, 516
1, 249,444, 618
191, 633,385
371,212, 779
20,385
195,132,047
379,984,310
217,040,818
$36, 214, 962
25,643
0)
6,021, 959
253,428, 544
6, 576, 985
3, 614, 762
774
1, 790,259
95,362, 768
149,425, 719
5, 302, 704
1,356, 603,090
192, 791, 293
25,486,052
38, 634, 653
20, 609,137
33,802,424
30,017, 971
5, 619, 295
163, 965, 295
167,842, 270
27, 703, 647
21, 505, 219
39,218,847
13,468, 916
32,865, 798
411,347
6,877, 678, 618
152, 503, 679
25,098, 946
157, 631, 603
12,050, 745
416,839,499
51, 520, 715
155,085
692, 976,103
197,308,892
786, 763
2,195,303
5, 688,622
111, 134,274
7, 714,423
M
d
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
14
66
19
21
15
25
8
9
2
21
105
5
122
24
4
41
20
4
181
2
11
5
28
83
1
16
62
15
20
30
13
5
16
3
4
3
7
2
7
1
11
13
2
6
3
2
5
6
1
9
1,480
247
3
4
3
16
1
3
6
6
6
1
19
82
22
25
18
32
10
16
3
32
118
7
128
27
6
46
26
5
190
2
14
9
31
99
2
19
68
15
26
36
14
97, 964, 702
810, 330, 812
234,337, 624
3, 560, 345, 217
232, 460, 781
3,760,044,939
186,070, 951
1,868, 239, 579
8, 462, 600
264, 267, 764
156,188, 758
2,059, 251, 766
4,079, 707
215, 609,421
35, 604, 830
748,126, 209
2 52,093,079
228,495,054
9,216,409
225,440, 714
87, 252, 241
2, 973, 549,876
8, 912, 652
257, 861, 475
267, 665,931
9, 706,501,437
29, 880,035
598, 699,437
3, 879, 286
90, 272,458
546, 738, 606
4,023,811, 827
57, 737, 921
1,348, 255, 993
124,018,398
1, 775, 301,072
6, 650,356, 754 1,431, 399, 992
505, 911, 778
(3)
516, 346, 758
30,231,022
5, 515, 885
223,064,935
121,675, 535
1,866, 998, 650
603,827, 299
7,006,353, 565
242,470, 547
0)
4
66, 629,963
129,801,144
96,108,132
1,421, 528, 775
255, 304,164
2, 235,889,372
490,112,475
29, 759,377
79, 412, 879
812, 780, 625
6, 586, 910
213, 632,083
s 1, 727 96, 882,037, 509
8, 229,380, 551
18, 681,826
202, 827, 284
110, 637, 012
124,830,161
6, 938, 340
42, 572, 520
3, 205, 619
35,349, 231
2 50,372, 682
17, 541,096
182, 664, 665
3, 699, 236
227, 920, 549
42, 912, 745
5, 849,431
319, 222, 221
10, 645,456
23, 461, 204
693,048, 318
(3)
30, 655, 677
7, 249, 962
85,110, 336
64, 733, 588
0)
4 117,842,008
180, 963, 552
41, 658, 540
37, 619, 356
79, 951, 602
4, 718, 602
166, 908,328
978,405, 557
1,530,292,003
1,148, 556, 608
2, 503, 981
411, 435, 335
4, 612, 268
234, 865, 735
2 80,050,881
14,968, 708
523, 545,180
9,093, 497
459,108, 234
24,415,184
6,318, 927
786, 903, 726
291,410,431
107, 475,352
1, 337,448,078
(3)
36, 591,867
5,045, 514
199,270, 875
216, 662,403
0)
140,047,560
261,124, 623
273, 546,173
317,257, 622
462, 571
51, 939, 918
1,119, 766
7,374,415
2 5,183,215
233,821
55, 535,723
4,294, 713
494, 735, 708
6,276,131
122,037
340, 627,892
111,044,021
1,051,444
290, 286, 688
(3)
5, 720, 959
270, 288
24, 455,970
189,096,638
O
3
O
HE]
O
o
0)
4 124, 528,302
411,545,853
123,160, 902
10, 372,868
190,178, 281
18, 300, 547
* 2,068, 563
77,433, 760
27, 358, 218
2,111,318
5,340,998
174, 986
4, 609, 639,140 20,082,093, 244
4, 266, 717, 579
See footnotes at end of table.
S
3
o
TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. Sly 1955—Continued
Number of
corporate
trust bond
issue acAgency,
counts beescrow,
custodian, ing administered
etc.
Number of personal accounts
Location
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
D elaware
District of Columbia..
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
KansasKentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
_.
Minnesota
Mississippi
Missouri
Montana
_.
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North C arolina
North Dakota
Ohio.Oklahoma
Oregon
Pennsylvania
Rhode Island
Total liabilities
$566,098,340
1,552,222
0)
63,024,329
3,034,053,612
346,137,360
803,123,585
1,989,504
381, 621,426
751,232,023
559,647,183
11,488,431
9,091,223,106
710,446,134
79,075,408
219,966,778
77,567,351
575,245,113
122,118,907
423,602,416
1,676,695,088
2,146,935,969
1,776,715,342
18,367,492
662,136,531
13,017,360
313,194,211
2
187,699,857
41,960,034
848,997,809
26,000,098
1,449,430,472
103,484,095
16,169,681
1,993,492, 445
470,837,829
256,006,398
3,752,183,076
(3)
Living
trusts
Court accounts
1,594
5
597
29
321
7,595
1,299
1,946
15
1,559
2,085
1,075
919
10,998
1,595
3,604
113
224
1,725
1,528
166
34,756
2,890
564
792
469
630
434
1,340
2,517
2,227
2,696
255
2,379
124
662
2 770
263
1,443
255
2,091
652
211
4,214
591
1,726
12,845
(3)
556
6,578
4,178
705
396
1,659
788
691
842
2,241
1,794
3,261
242
474
50
450
21,099
267
3,270
159
5,706
2,220
298
3,627
317
651
21,973
(3)
0)
1,118
4
336
6
0)
96
5,514
3,230
2,333
3
816
1,666
891
36
12,248
1,944
514
4,335
253
1,947
379
882
1,924
1,903
4,761
46
1,615
342
1,513
2 425
127
1,842
540
3,071
165
39
3,273
1,562
692
2,740
(3)
1,004
7
(0
298
100
45
132
130
24
1,057
254
51
93
54
149
90
44
153
100
277
15
137
18
87
244
7
87
3
277
187
38
650
107
28
709
00
Trust deNumber of Total num- Bond and de- partment
ber of ac- benture issues gross earnall other
ings for
accounts counts be- outstanding
being ad- ing admin- where bank year ended
acts as trustee
Dec. 31,
ministered 6 istered
1955
289
1,321
197
375
75
222
832
7,931
284
50
60
97
1,238
235
161
463
559
361
26
1,259
7
40
2 270
12
317
75
3,937
38
6
1,880
4,416
110
831
()
4,649
51
0)
2,824
25,726
6,421
8,303
131
2,702
5,830
4,456
790
62, 570
9,550
1,884
5,676
2,532
4,802
1,829
3,269
7,303
6, 533
11,356
584
5,864
541
2,752
2 2,608
676
6,959
1,032
15,032
3,262
592
13,644
6,993
3,207
39,098
(3)
$190,898,571
464,000
$1,275,000
37,000
187,470,340
1,739,299,310
81,670,611
91,997,836
303,000
16,289,000
1,052,000
3,068,000
26,000
1,136,000
2,110,000
1,528,000
0)
167,539,957
321,930,096
321,558,071
0)
11,863,435
105,000
4,201,085, 269 16,123,000
457,975, 726
2,314,000
14,912,758
519,000
106,212,561
518,000
14,117,776
415,000
189,965,681
538,000
130,037,434
458,000
210,457,880
957,000
476,914,909
3,438,000
460,173,989
3, 539,000
132, 743,238
3,373,000
3,193, 700
92,000
110,837,133
1,700,000
7,712, 625
72,000
130,184,649
576,000
2 16,205, 250 2 1,033,000
1,424,473
133,000
113,292,629
2,728,000
836,933
209,000
3,007,055,956
5,380,000
143, 505, 584
615,000
87,549,601
79,000
818,172,836
5,063,000
502,846,753
70^,000
17,183,260
1, 277, 000
1,471,004,738
10,054,000
(3)
W
o
d
South Carolina,.
South Dakota...
Tennessee
Texas
Utah
Vermont
Virginia
"Washington
West Virginia...
"Wisconsin
Wyoming.
Total
1
2
103,199, 525
18,081,649
430,512,716
1,074,319,928
561
155
1,748
5,713
0)
0)*804
4 311,068,836
766,051,297
447,481,824
79,862,919
354,883,760
29, 781,045
37,187,830,514
Included withfiguresfor the State of Nevada.
Includesfiguresfor 2 banks in Arizona and 1 bank in Utah.
• Included withfiguresfor the State of Vermont.
2,287
2,977
887
1,288
197
112,073
694
384
1,438
2,410
0)
* 1, 225
4,493
1,260
1,816
2,462
304
102,310
4
321
64
1,001
1,598
20
6
170
344
126
12
1,108
3,264
0)4 754
0)4 30
0)4 216
2,077
1,233
295
1,512
1,188
63
101
19
273
11
255
309
13
191
6
4 3,029
9,175
5,880
3,030
5,726
1,706
8,056
34, 543
331,814
74,832
1,722
621
5,465
13,329
48,338,410
458,750
55,188,885
954,779,788
369,000
101,000
1,368,000
5,289,000
0)
C)
4 5,187,768
207,173,431
76,658,849
4,765,016
65,119,525
405,153
4 909,000
2,393,000
2,007,000
501,000
1,195,000
51,000
17,358,441,198
103,033,000
1
0)
o
3
Includesfiguresfor 2 banks in Rhode Island.
23 banks which have been granted only certain specificfiduciarypowers.
Corporate paying agency, depository, registrar, transfer agency, etc.
6° Includes
8
1
CO
Or
TABLE N O . 21.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1955
[In thousands of dollars]
Earnings from current operations
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut.
_
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Number of
banksi
Interest and dividends
on securities
Total Southern States
Service
charges
and other
fees on
banks'
loans
Other service
Service charges, comcharges on missions,
Trust
deposit fees, and col- departaccounts lection and
ment
exchange
charges
Total earnings from
Other
current current opearnings erations
U. S. Government obligations
Other securities
31
51
34
110
5
39
1,984
1,442
1,182
19,412
2,886
7,264
446
390
282
4,801
732
1,944
6,626
6,119
4,288
65,392
11,060
20,179
31
36
42
594
1
249
573
928
478
6,419
661
2,495
210
171
82
4,159
181
' 857
458
133
108
3,438
801
3,068
235
326
163
6,160
1,006
1,267
10,563
9, 545
6,625
110,375
17,328
37,323
270
34,170
8,595
113, 664
953
11, 554
5,660
8,006
9,157
191, 759
304
188
522
9
57
69.207
24, 722
55,392
269
7,504
6,844
26,067
8,029
20,938
80
1,390
894
199,049
60,190
141, 242
697
13, 795
13,523
3,867
498
1,715
6
153
129
15,942
7,427
8,249
33
1,444
1,645
7,672
1,384
3,079
12
286
369
5,380
2,728
10,054
26
957
1,136
23,458
2,748
7,141
10
1,155
659
350,642
107, 726
247,810
1,133
26,684
25,199
57,398
42S, 496
6,368
34, 740
12,802
20,281
35,171
759,194
132
75
46
26
51
82
69
27
41
446
54
89
77
10, 780
5,729
3,819
4,098
6,196
16, 931
7,648
1,822
13,053
42,438
3,649
5,892
11,425
2,504
728
726
675
2,125
3,715
2,746
812
2,526
12,050
1,501
1,239
3,060
32,074
11,802
13,984
9,784
28, 653
32, 983
23,540
4,680
24,291
147, 646
9.332
13,814
38,011
254
143
214
24
234
627
267
10
273
4,979
44
281
349
2,751
751
1,473
1,466
3,111
4,965
2,187
615
2,638
9,162
1,006
1,111
1,915
674
338
695
779
2,380
1,641
1,179
563
1,117
3,141
568
182
1,583
2,393
501
615
369
1,528
2,110
1,275
92
538
5,289
303
415
1,368
1,384
768
643
348
2,167
3,092
1,318
206
2,421
13,023
581
673
1,996
52,814
20,760
22,169
17,543
46,394
66,064
40,160
8,800
46,857
237,728
16,984
23,607
59,707
34, 407
390, 594
7,699
33,151
14,840
16, 796
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
_Alabama
Mississippi
Louisiana
Texas.Arkansas
Kentucky
Tennessee
Interest
and discount on
loans
1,215
133,480
659,587
i
Ohio
Indiana
Illinois
Michigan.-.
Wisconsin..
Minnesota.
Iowa
Missouri.. _
230
123
391
76
95
178
95
76
38, 721
22,177
92,195
36,355
14,149
16,457
7,037
14, 583
6,914
3,247
18,883
5,637
3,378
4,622
1,726
2,715
80,167
39,034
149,346
69,313
25,079
47,634
14,427
33,317
1,108
365
2,575
794
386
794
69
215
7,220
3,539
12, 617
5,603
2,101
4,668
1,526
1,951
1,985
1,167
4,091
2,575
678
2,859
675
526
5,068
2,314
16,123
3,539
1,195
3,378
519
1,700
6,778
3,004
9,164
2,682
1,904
2,591
795
1,147
147, 961
74,847
304, 994
126,498
48,870
83,003
26,774
56,154
_.
»
1,264
241, 674
47,122
458,317
6,306
39,225
14, 556
33,836
28,065
869,101
§
38
34
123
170
40
25
77
25
198
2,504
2,346
7,716
8,737
2,961
1,917
8,624
2,854
11, 510
410
411
1,932
2,328
546
304
1,178
228
3,487
5,568
7,135
19,363
17,528
6,408
4,469
20,880
7,320
34,125
88
116
70
158
156
108
407
195
163
807
822
2,009
2,183
953
580
2,627
978
3,316
614
663
595
514
470
308
600
325
784
79
101
576
518
72
51
1,052
209
708
294
271
1,278
1,416
580
277
954
393
3,196
10,364
11, 865
33,539
33,382
12,146
8,014
36,322
12,502
57, 289
Total Western States
Washington.
Oregon
California
Idaho
Utah
Nevada
Arizona
730
49,169
10,824
122, 796
1,461
14, 275
4,873
3,366
8,659
215,423
o
30
13
57
11
7
3
3
12,643
11, 552
96,919
3,826
2,654
2,006
2,823
4,872
3,803
25, 953
358
298
343
988
48,043
36, 954
311,391
9,790
6,753
5,077
16,120
1,089
578
13, 527
147
415
182
870
7,409
4,728
39,084
1,010
684
422
1,746
2,073
1,049
8,125
269
302
140
564
2,007
1,277
16,289
105
145
316
572
1,804
1,246
16,372
361
213
386
1,184
79,940
6
61,187
527,660
15,866
11,464
8,872
3
3
o
t"«
tr4
24,867
gj
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)
124
132,423
36, 615
434,128
16,808
55,083
12, 522
20,711
21, 566
729,856
4,691
754,854
194, 961
1, 947, 995
39, 595
188,028
65, 253
102, 996
131, 238
3,424, 920
7
1
1,107
1,260
169
300
2,292
4,100
272
368
514
461
303
37
91
189
2
144
37
Total Middle Western States
North Dakota..
South Dakota..
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico...
Oklahoma
Total possessions
Total United States and possessions.
New York City (Central Reserve city) _
Chicago (Central Reserve city)
Other Reserve cities..
Country banks (member banks) 2Possessions (nonmember banks)...
1
112
9
2,479
4,700
757,333
2
10
190
4,490
8
42,331
48,415
311, 372
352, 762
2,453
471
195,432
18, 957
10,021
83, 447
82, 537
470
6,536
1, 954, 531
111,045
86, 673
880,156
870,304
6,353
272
39,867
1,890
1,196
25,199
11, 366
216
45
4
309
884
809
284
11,772
131, 522
3,436, 692
4,686
1,863
83,048
98,471
844
66,062
4,341
1,566
26,390
32, 966
799
103,033
3,803
13,905
54,754
30, 534
37
20,343
5,521
55,887
49,487
284
*4
C
g
207,396 fe|
169,160
Q
1, 520,253
H
1, 528,427
11,456
* Number of banks as of end of year, butfiguresof earnings, expenses, etc., include those banks which were in operation a part of the year but were inactive at the close
of the year.
a Includes 1 member bank in Alaska.
H
W
E
4,797
Hj
6,666 ffl
2
188, 912
3
o
hj
CO
TABLE N O . 21.—Earnings, expenses, and dividends 0} national banks for the year ended Dec. 81, 1955—Continued
[In thousands of dollars]
Current operating expenses
Salaries and wages
Officers
Location
Amount
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
-
-
1,212
1,279
738
9,956
1,471
4,245
Employees other
than officers
Number 1
191
211
124
1,114
159
461
Amount
1,953
1,624
1,143
22, 745
3,578
8,294
Number 2
796
677
436
8,174
1,317
2,967
Fees paid
to direcInterest Interest
tors and
and
on time
members deposits discount
of execuon
(includtive, disboring
rowed
count and savings
advisory deposits) money
committees
117
125
99
544
96
241
1,439
777
1,538
4,508
3, 225
3,000
Taxes
other
than on
net
mcome
Recurring
depreciation on
banking
house,
furniture
and
fixtures
16
16
4
439
23
146
317
235
104
2,713
721
767
150
195
150
2,220
438
764
1,917
1,944
1,107
20,151
2,828
7,331
Other
Total
current
current
operatoperating
ing
expenses expenses
7,121
6,195
4,883
63,276
12,380
24,788
Net
earnings
from
current
operations
3,442
3,350
1,742
47,099
4 948
12,535
18,901
2,260
39,337
14,367
1,222
14,487
644
4,857
3,917
35,278
118,643
73,116
27,293
10,828
23,465
143
2,504
2,737
2,530
1,357
3,033
30
350
246
68,248
22,291
44,413
161
4,918
5,257
18,039
7,603
14,401
64
1,866
1,684
1,416
1,132
2,471
20
223
173
38,734
14, 285
26,050
198
2,405
2,442
1,875
273
793
2
79
75
5,849
3,920
7,182
24
1,032
948
4,498
2,943
5,022
36
451
563
64,669
18, 209
35,829
133
4,330
3,792
212, 582
73,881
145, 225
717
15,942
15, 987
138,060
33,845
102, 585
416
10, 742
9,212
66,970
7,546
145,288
43,657
5,435
84,114
3,097
18, 955
13, 513
126, 962
464,334-
294,860
5,852
2,266
2,871
2,040
4,997
6,450
4,671
1,296
4,654
27, 743
2,458
3,091
6,179
876
332
371
274
562
809
557
175
484
3,359
345
509
775
8,583
3,162
4,068
3,689
9,062
13,405
7,503
1,754
9,221
37,838
2,674
3,963
10,561
3,325
1,144
1,542
1,454
3,327
5,006
2,710
697
3,260
13,491
1,083
1,636
3,960
461.
232
115
116
262
388
210
103
298
1,362
213
264
254
7,525
2,246
1,709
668
2,397
4,806
2,562
634
2,972
14, 549
1,320
1,749
7,696
173
36
85
22
251
325
44
3
376
681
20
66
281
1,581
486
458
194
1,995
1,426
386
395
2,573
13,081
434
913
2,318
1,136
533
574
338
1,045
2,119
829
122
823
5,034
334
439
1,036
7,527
2,966
3,800
3,289
11, 573
11,958
7,355
1,789
7,821
40,259
2,999
3,907
9,511
32, 838
11,927
13,680
10,356
31,582
40,877
23,560
6,096
28,738
140, 547
10,452
14,392
37,836
19, 976
8,833
8,489
7,187
14, 812
25,187
16, 600
2,704
18,119
97,181
6,532
9,215
21,871
74, 568
9,428
115, 483
42,635
4,278
50,833
2,363
26,240
14,362
114,754
402,881
256,706
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 (member and non-member 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 (n onmember banks)
13, 908
7,818
27,335
9,766
5,580
9,415
3,874
5,728
1,640
945
2,834
845
618
1,179
513
669
26, 647
14, 513
57, 244
28,137
10, 026
16,284
4,368
10, 629
8,754
4,890
17, 532
8,588
3,823
5,684
1,663
3,765
931
454
1,541
415
321
436
191
302
14, 628
6,755
29,148
12, 357
5,344
8,240
2,738
3,858
228
53
2,039
564
177
1,008
96
222
8,239
3,447
7,889
4,352
806
1,055
616
1,070
2,693
1,228
3,600
2,075
902
1,041
414
873
23,298
12,306
46, 262
19, 788
8,680
14,408
4,758
9,526
90, 572
46, 574
175,058
77, 454
31,836
51,887
17, 055
32, 208
57, 389
28, 273
129, 936
49,044
17,034
83,424
9,243
167, 848
54,699
4,591
83,068
4,387
27, 474
12, 826
139,026
522, 644
346,457
1,340
1,683
4,933
5,131
1,422
1,159
3,917
1,478
7,613
196
254
636
788
207
159
518
188
1,125
1,618
1,837
5,607
5,213
2,143
1,364
6,795
2,524
9,014
678
761
2,087
1,999
851
462
2,394
894
3,383
66
62
323
323
61
86
294
71
300
1,104
1,264
1,099
2,214
817
987
4,335
1,133
3,328
18
13
229
48
25
10
57
1
343
171
164
740
921
791
224
529
411
739
206
233
537
446
242
191
315
358
1,350
1,657
1,918
6,109
6,001
2,203
1,059
5,578
2,101
9,813
6,180
7,174
19, 577
20,297
7,704
5,080
21,820
8,077
32, 500
4,184
4,691
13, 962
13,085
4,442
2,934
14, 502
4,425
24, 789
28, 676
4,071
36,115
13, 509
1,586
16, 281
744
4,690
3,878
36, 439
128, 409
87, 014
8,278
6,526
40, 205
1,983
§1 842
909
2,572
920
905
4,779
250
107
125
303
17, 670
11, 952
106, 652
2,551
1, 889
1,947
5,454
5,845
3,715
31, 229
994
696
673
1,917
187
111
673
62
73
11
35
10,153
10, 696
95, 807
2,324
1,494
896
2,150
150
180
779
27
18
24
1,233
880
15, 901
211
129
280
412
1,982
1, 202
6,362
362
159
184
596
13, 208
7,677
64,067
2,195
1,920
1,087
4.730
52, 861
39, 224
330, 446
9,715
6,524
5,314
15, 973
27,079
21, 963
197, 214
6,151
4,940
3,55*
8,894
61,315
7,389
148,115 1 45, 069
1.152
123, 520
1,178
19,046
10, 847
94,884
460,057
269, 799
333, 854
39, 937
652,186
213, 936
18, 264
372, 303
12, 413
101, 262
59, 343
639
652
66
66
1,204
1,463
329
403
11
24
385
1,175
102
173
162
156
23, 946
547, 343 2, 096, 968 1, 327, 952
893
901
3,396
4,544
1,401
2,122
34
4
69
28
1
97
2
4
27
234
75
1,325
136
2,736
760
36
1,657
277
322
1,821
8,174
3,598
335,179
40,073
654, 922
214, 696
18, 300
373, 960
12, 413
101, 539
59, 665
549,164 2,'1O5,142
11, 860
10,182
122, 410
189, 450
1,277
545
681
12,147
26, 568
132
41, 235
31, 937
306, 816
272, 286
2,648
8,563
8,765
96, 002
100, 630
736
228
229
3,138
14, 669
36
15,139
13, 032
168, 256
175, 904
1,629
1,498
1,800
6,733
2,382
3,224
4,123
49, 245
44, 675
272
1,237
1,089
22,124
34,907
308
38, 924
23, 392
231, 641
253, 478
1,729
1
Number at end of period.
2 Number of full-time and part-time employees at end of period.
3 Includes 1 member bank in Alaska.
31,116
9,719
113, 345
85, 784
910,363
987, 751
7,899
1, 331, 550
94, 051
83, 376
609,890
540, 676
3,557
TA.BLE N O . 21.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1955—Continued
[In thousands of dollars]
Recoveries, transfers from valuation reserves, and profits l
On securities
Location
M^aine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
On loans
TransProfits
TransRecov- fers from on secu- Recov- fers from
valuarities
valuaeries
eries
tion
sold or
tion
reserves redeemed
reserves
Total
recoveries,
transfers
from valuation
reserves
and profits
On securities
Losses
and
chargeoffs
83
46
35
500
16
103
13
30
3
2,864
261
201
87
26
40
823
426
263
316
468
111
14, 566
712
789
343
532
142
8,997
556
515
On loans
Transfers
to valution
reserves
Losses
and
chargeoffs
Transfers to
valuation
reserves
All
other
Total
losses,
chargeoffs, and
transfers
to valuation
reserves
29
64
82
118
31
6,661
9
129
443
3,669
7,030
783
3,372
1,665
16, 962
11,085
2,411
302
12,208
5,096
31,102
244
53
689
8,329
180
1,490
59
27
2,051
1,064
1,235
2
308
96
18, 809
3,428
11,081
19
1,643
370
9,341
2,725
7,433
15
2,071
167
772
156
3,318
22
3,690
633
688
3
89
56
1,681
813
2,864
68
2,814
685
4,115
14
1,097
191
3>840
239
605
14
90
47
31, 991
5,733
10, 803
2
616
1,338
1,786
2,945
4,845
8
790
231
47, 730
11, 798
27,004
39
3,577
1,783
Total Eastern States
1,054
10,021
8,916
5,159
5,444
4,756
35,350
21, 752
4,256
4,835
50,483
10,605
91, 931
Virginia
_. . .
West Virginia
North Carolina
South Carolina _ .._
Georgia
Florida
Alabama •
Mississippi
Louisiana
.
Texas
Arkansas
Kentucky.
Tennessee
24
9
8
7
7
101
17
29
16
221
16
2
335
910
135
172
33
10
31
35
307
28
144
1,693
173
65
75
500
61
11
1
60
92
281
1,392
1,115
31
225
200
208
110
348
42
86
284
210
60
249
2,395
69
106
137
2,085
544
429
72
624
1,220
1,300
169
3,332
7,192
596
1,247
2,336
2,381
666
481
841
2,570
2,609
2,481
205
826
5,526
782
481
2,762
2,047
8
815
955
167
247
966
308
192
29
12
440
326
430
52
716
813
140
602
623
149
55
64
2,389
216
171
422
864
203
122
68
11
34
79
180
37
140
2,547
158
85
69
1,360
709
919
514
1,451
2,992
2,127
419
1,186
13, 795
531
844
2,270
518
68
415
171
492
336
378
171
528
2,814
190
335
489
6,509
1,573
1 883
1,713
4,547
6,165
5,221
896
5,069
24,898
1,832
2,167
6,454
792
4,497
4,683
2,901
3,969
4,304
21,146
22, 611
6,561
3,733
29,117
6,905
68, 927
-
26
83
2
303
-_
Total New England States
New York
New Jersey
Pennsylvania
Delaware
__
-
]Vf aryland
District of Columbia
Total Southern States
__._
_ . _ __ _
_.
- - -_
-
25
165
All
other
Losses, charge-offs, and transfers to valuation reserves 2
3,415
382
55
9
40
1,920
442
10
176
72
64
28
73
22
43
367
329
184
8,312
768
2,248
302
49
78
2,545
613
1,509
1,093
1,014
432
21,847
1,959
4,757
O
O
o
O
d
3
O
Ohio
Indiana
Illinois
Michigan...
Wisconsin-Minnesota-.
co Iowa
g Missouri...
1,448
22
4,706
146
816
759
154
97
2,329
2,849
1,481
55
2,568
477
38
780
639
6,443
535
268
526
377
645
281
194
363
146
64
750
94
101
2,312
242
794
2,138
15
19
2
50
594
3,438
1,459
1,140
118
264
201
76
7,744
7,384
15, 246
4,160
3,849
2,795
866
1,038
5,198
4,456
16, 646
5,444
4,849
3,591
1,049
3,168
2,340
4,089
3, 243
867
24
97
2
586
11, 248
Total Middle Western StatesNorth Dakota-.
South Dakota..
Nebraska
Kansas
Montana..
Wyoming
Colorado
New Mexico
Oklahoma
8,148
10, 213
1,993
5,572
7,290
43,082
44, 401
13
27
431
75
337
220
21
17
143
322
366
70
330
80
618
73
7
110
32
6
~~25~
178
198
385
201
254
36
304
22
255
46
116
35
50
14
326
182
29
217
80
29
123
335
263
1,405
902
1,043
323
1,304
247
1,276
175
31
597
1,084
114
160
889
202
2,387
Total Western States..
WashingtonOregon
California. _.
Idaho
Utah
Nevada
Arizona
1,452
371
1,8
1,967
425
1,050
7,C
5,639
685
10
1,054
68
495
597
1,869
25
2
21
85
61
203
1,460
11
23
1
3
129
2,711
4
44
119
106
2,019
939
7,855
48
74
141
194
1,550
854
8,403
2,563
1,553
69
1,500
3,094
1,762
3,801
11, 270
16,492
18, 822 22, 866
134, 908
121, 980
236
101
71
21
307
125
135, 215
122,105
15, 442
12, 075
66, 708
40, 692
5,566
9,342
53, 830
53, 242
125
544
1,762
Total Pacific States
Total United States (exclusive of
possessions)
13, 651
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. 13,651
57
New York City (Central Reserve city)__4,123
Chicago (Central Reserve city)
5,188
Other Reserve cities
4,283
Country banks (member banks)3
Possessions (nonmember banks)
"743"
811
29, 235
109
1,170
4,205
4,932
1,161
131
560
263
460
17, 366
15, 593
36, 708
14, 584
7,855
7,089
2,468
5,852
36, 898 12, 882
107, 515
8,178
2,679
11,316
2,828
2,318
1,049
1,534
95
489
135
881
537
740
1,285
1,071
673
250
1,712
1,076
1,392
203
37
814
399
79
58
565
221
355
923
884
3,506
3,070
1,452
563
3,655
1,709
5,030
972
2,714
8,736
2,731
20, 792
1,226
121
22
230
18
2
109
3,027
1,373
14, 345
602
400
152
800
1,779
452
4,663
95
49
170
283
7,703
2,701
37, 279
3,278
2,002
393
2,692
10,864
502
20, 699
7,491
56,048
36, 312
14,172
158,141
45, 710
376, 315
120
374
27
622
160
283
464
548
44
290
"9," 638"
76
262
472
296
1
3
83
29, 235
35, 863 14, 648
7,950
1,278
15, 932
4,075
2,116
5,385
18, 966
1 Not including recoveries credited to valuation reserves.
2 Not including losses charged to valuation reserves.
3 Includes 1 member bank in Alaska.
35, 769 14, 565
40
164
571
116
23
523
105
104
3,203
207
3,268
7,896
74
109
18, 931 22, 887
1,432
257
12,144
4,989
109
684
825
11, 210
10,147
21
120
534
36, 312
14,292
158,675
254
2,245
28,906
4,907
3,185
17
840
10,155
95
4
1,090
46,021
377,405
21, 949
245
6,238 3,725
64, 716 20, 561
65, 238 21,180
534
310
31,199
21, 567
168. 853
154, 722
1,064
S
i
TABLE N O . 21.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1955—Continued
[In thousands of dollars]
Cash dividends declared
Taxes on net income
Location
Maine
New HampshireVermont
Massachusetts
Rhode Island
Connecticut
Total New England States.
NewYork._
New Jersey
Pennsylvania. Delaware..
Maryland
District of Columbia..
Total Eastern States.
Virginia
_...
West Virginia...
North CarolinaSouth Carolina..
Georgia..
Florida.
—
Alabama
Mississippi
Louisiana
Texas
.
Arkansas.
Kentucky
Tennessee
Total Southern States.
Ohio___.
Indiana,.
Illinois..
Profits
before
income
taxes
Federal
Net
profits
before
dividends
State
On
preferred
stock
On
common
stock
Total
cash
dividends
declared
Ratios
Capital
accounts *
Net profits
before
dividends
to capital
accounts
Expenses
to gross
earnings
52
2,888
144
443
1,627
1,764
896
24,411
2,455
4,817
788
679
449
13,156
1,375
3,102
788
679
449
13,158
1,375
3,102
27, 734
25,381
16,850
311,110
39,493
80,077
Percent
5.87
6.95
5.32
7.85
6.22
6.02
Percent
67.41
64.90
73.71
57.33
71.45
66.41
19,479
3,527
35,970
19, 549
19, 551
500,645
7.18
61.87
4,763
7,799
32,179
9,814
35, 598
135
3,348
3,725
72,197
15, 661
51,064
261
5,460
4,074
36, 601
6,784
27,086
140
2,765
2,423
36, 627
6,830
27,088
140
2,765
2,423
1,056,006
226, 568
796, 598
4,267
70,372
57,030
6.91
6.41
6.12
7.76
7.14
60.63
68.58
58.60
63.28
59.74
63.44
238,279
84,799
4,763
148, 717
75, 799
75, 873
2,210, 841
6.73
61.16
15, 552
7,804
7,035
5,546
10,889
20,242
12,679
1,977
16,382
79,475
5,296
8,295
17,753
6,015
3,566
3,140
2,654
4,628
8,951
4,392
493
5,990
34,110
1,937
3,358
7,660
9,537
4,238
3,895
2,702
6,261
11, 291
7,827
1,484
10,392
45,365
4,380
1,647
1,648
1,577
3,715
4,937
10,093
117, 316
54,611
49,168
35, 111
90,877
137,889
90, 492
19, 255
99, 595
549,327
43,014
61,122
133,178
8.13
7.76
7.92
7.70
6.89
8.19
8.65
7.71
10.43
8.26
7.81
8.08
7.58
62.18
57.45
61.71
59.03
611
2,674
23, 775
1,476
1,648
4,650
4,380
1,647
1,648
1,577
3,715
3,879
3,389
612
2,674
23, 775
1,476
1,648
4,650
121,381
55,059
55,070
1,480, 955
8.20
61.08
29,062
10,862
63, 985
11, 965
4,357
26,175
11, 965
4,358
26, 243
339,898
157,108
800,410
8.55
6.91
7.99
61.21
62.23
57.40
2,665
2,804
1,421
39,818
3,701
8,567
1,038
1,040
473
12, 519
1,102
3,307
58,976
109,139
25,475
396
~460
650
208,925
47,767
20,064
108,474
190
18,705
9,202
44,489
61.87
58.67
69.27
61.33
59.12
61.54
60.96
63.37
B
2
i
W
O
d
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)
38,620
13,028
26,822
8,117
19,132
15,225
4,315
9,507
3 338
8,610
132
1,349
282,024
113,391
3,596
4,070
11,861
10,917
4 033
2,694
12,151
2,963
21,035
1,637
1,747
4,595
4,269
1 713
1,209
4,848
1,487
7,859
73,320
29,364
61.23
65.14
62.51
63.70
57.36
2,033,338
8.20
60.14
18,499
19, 457
78, 636
78,098
17, 767
15, 429
78,444
19,888
144,054
10.20
11.52
9.24
8.51
13.06
9.62
8.71
7.42
8.78
59.63
60.46
58.37
60.80
63.43
63.39
60.07
64.61
56.73
16, 246
470, 272
9.10
59.61
H
5,439
5,675
58,647
1,024
884
933
1,852
5,439
5,675
58, 647
1,024
884
933
1,852
142, 628
122, 211
848, 871
23, 759
20,044
13,476
37,363
8.65
8.86
11.13
5.45
8.40
12.97
9.88
66.13
64.11
62.62
61.23
Q
O
g
B
56.91
59.90
64.23
£d
O
74, 454
74, 454
1, 208,352
10.43
63.03
f
308, 872
309,075
7, 904, 403
185
460
185
460
40
2
5
405
8,133
3,556
7,296
1,883
4,400
8,173
3,558
7,301
1,883
4,400
234,003
115,169
179,912
64 086
142,752
1,886
166, 747
116
67, 765
67, 881
522
1,887
2,241
7,266
6,648
2 320
1,485
6,835
1,476
12,654
929
953
2,754
2,101
1,103
510
2,855
668
4,373
929
953
2,754
2,101
1,103
510
2,855
668
4,373
1,144
42, 812
16, 246
72
82
468
21,395
20,201
167, 790
2,921
3,012
3,306
6,396
9 060
7,803
69, 651
1,434
1,273
1, 558
2,542
1,567
3,668
193
55
161
12 335
10, 831
94,471
1,294
1,684
1,748
3,693
225,021"
93,321
5,644
126,056
1,086, 545
427, 248
17, 614
641, 683
419
894
8
588
835
1,015
1,729
10.00
7.45
8.87
7.46
7.09
23,395
8,581
15,966
4 779
10,117
203
S
g
M
fi
o
hj
H
J
8.12
61.23
5,072
14, 819
11.59
5.63
70.79
68.17
^
K
71
28
43
15
15
425
10.12
75.73
2,815
1,341
8
1,466
660
660
20, 316
7.22
69.44
1,089,360
428, 589
17, 622
643,149
309, 532
309, 735
7,924, 719
8.12
61.25
O
d
78,294
73,884
507, 745
426, 646
2,791
20, 766
30,916
205,061
170, 506
1,340
3,447
54,081
42, 968
294, 690
249,967
1,443
29, 245
18, 582
153,036
108,009
660
29, 245
18,650
153,036
108,144
660
762, 611
525,060
3,307, 776
3,309, 234
20,038
7.09
8.18
8.91
7.55
7.20
54.65
50.71
59.88
64.63
68.95
W
g
^
O
H
7,994
6,173
8
203
68
135
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.2 31,1954, June 30, 1955, and Dec. 31, 1955.
Includes 1 member bank in Alaska.
w
00
TABLE N O . 22.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31, 1955
[In thousands of dollars]
District District District District District District District District District District District District NonNo. 1
No. 4
No. 2
No. 3
No. 6
No. 9 No. 10 No. 11 No. 121 member
No. 5
No. 7
No. 8
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 than officers
Number of officers *
Number of employees other than
officers*
Fees paid to directors and members
of executive, discount, and advisory
committees
Interest on time deposits (including
savings deposits)
Interest and discount on borrowed
money
„.
Taxes other than on net income
Eecurring depreciation on banking
house, furniture 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
32, 207
8,078
108, 542
88,951
32, 756
249,526
864
10, 782
4,284
22,470
5,460
7,521
8,853
Grand
total
67,461
17,099
143,938
38,407
6,870
94,148
51,564
12,999
129,056
159,200
30,241
274, 223
28,105
7,429
72,010
27,532
6,526
72,505
47,108
10,147
112,831
45, 248
12,967
157,199
132,449
36,616
434,311
6,623
2,192
10,955
902
9,480
1.450
13,989
3,971
23, 716
857
4,746
1,235
7,847
1,123
12,341
5,016
16,864
55,123
216
844
39,867
188,912
8,948
8,130
25,656
1,910
3,340
4, 551
3,552
12, 505
10,720
3,132
5,917
4,885
7,359
6,296
9,637
8,515
23,173
16,198
2,308
2,147
3,322
4,823
3,715
4,115
3,156
4,128
8,001
3,568
5,413
13,734
12, 532
20, 711
21,566
799
37
284
66,062
103,033
131, 522
182,307
440, 721
167, 088
268,422
163, 741
232,350
539,237
120,924
128,298
198,835
253,141
730,172
17, 784
36, 994
2,182
36,609
87, 505
3,601
16,570
30,583
2,470
25,166
47,687
2,919
18,086
29,501
2,422
24, 499
44,431
2,947
48,362
108, 204
4,819
14,339
21,051
1,988
15,503
23,373
2,076
25,859
34,130
3,553
29, 762
40, 612
3,621
61,363
148, 203
13,547
24, 538
W, 285
15,531
10,945
16,480,
34,087
7,990
8,574
12,360
14,530
45,093
• 36,648
13, 234
7,r-
2,453
757,333
470
195,432
6,353 1,954, 531
11,456 3,436,692
1,277
2,648
132
335,179
654,922
40,073
736
214,696
1,157
2,204
2,437
1,550
1,381
2,303
1,119
767
1,425
1,474
1,152
36
18,300
13,328
50,975
19,902
25,309
16,837
17, 719
51,821
10,199
12,872
14,182
15, 639
123, 548
1,629
373,960
622
4,652
2,040
8,945
772
4,998
401
11,930
469
4,662
1,100
7,837
2,888
15,369
408
3,675
1,072
. 2,453
780
3,949
683
13, 746
1,178
19,051
272
12,413
101,539
33,488
80, 511
3,587
25,413
5,223
39, 752
3,568
25, 464
5,400
43, 736
7,460
85,011
2,009
20, 238
1,910
22,028
3,422
33, 753
5,400
43,065
10,861
94, 976
308
1,729
59, 665
549,164
111,693
275,638
104,262
157,018
146,103
321,418
73,038
79,978
117, 500
150,381
460,332
2,105,142
70, 614
165,083
62,826
111, 404
86, 247
217,819
47,886
48,320
81,335
102, 760
269,840
3,557 1,331,550
435
290
308
1,845
116
224
5,784
418
1,160
221
1,762
13, 651
3,605
i,573
431
3,388
932
1,162
6,936
346
1,770
811
29,235
1,:
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from valuation reserves
Allother
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
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)
See footnotes at end of table.
6,966
3,405
1,316
3.799
1,825
2,157
8,083
1,307
1,222
1,712
883
3,094
94
35,863
780
4,212
576
549
493
561
727
362
1,208
1,560
1,775
1,771
74
14, 648
3,372
1,638
2,481
2,510
743
1,060
4,486
1,469
659
1,100
2,025
939
3,164
6,182
255
343
119
388
362
992
1,116
2,444
40
3,801
109
21
18, 931
22,887
16, 796
21,471
4,434
15, 536
5,125
7,068
30,876
3,383
4,680
6,060
8,209
11, 279
298
135, 215
10,892
1,985
11,325
1,354
5,959
387
7,970
5,271
6,603
2,241
10,444
3,058
30,834
7,834
5,174
1,647
4,290
388
6,175
967
5,822
316
16, 492
10,864
125
122,105
36,312
299
11, 905
4,949
4,002
36, 654
4,261
417
7,137
3,644
820
13, 522
3,123
535
5,442
2,183
419
9,178
2,122
758
23,650
10,116
482
3,484
1,383
931
4,749
929
2,279
7,224
2,520
2,728
14,497
2,989
527
20, 699
7,492
95
534
310
14,292
158,675
46,021
30, 030
57, 596
17, 544
30, 706
17,004
25, 221
73,192
12,170
11, 287
19,165
26,352
56,074
1,064
377,405
68,230
84, 617
225, 045
28,073
1,137
35,840
11
93,322
5,644
1,340
8
428, 589
17,622
57,380
128,958
49, 716
96, 234
51, 980
68, 094
175, 503
39,099
41, 713
19,186
3,453
39,435
4,837
18,147
40, 556
22, 254
190
27,496
460
71, 786
111
15, 455
247
15, 699
1,524
22,639
22,444
27, 956
71,897
15, 702
17, 223
29, 210
35,851
98, 966
1,348
446, 211
23, 397
24, 490
39,020
48, 766
126, 079
1,443
643,149
2,791 1,089,360
44, 272
18,147
40, 556
34, 741
84,686
31, 569
55, 678
29, 536
40,138
103, 606
2
18,871
70
42, 204
4
17,170
24,926
14,295
11
15, 778
111
41, 028
10,116
5
11,098
14,131
24,801
74,454
660
203
309, 532
18,873
42, 274
17,174
24,926
14,295
15, 789
41,139
10,116
11,103
14,131
24,801
74,454
660
309, 735
837
1,652
2,775
10
868
40
1,443
10
609
1,032
3,835
2
1,374
5
697
122
1,999
67
2,104
199
7,131
121
2,107
24,825
65
3,550
3,193
16, 226
2,281
6,350
1,967
1,754
1,645
1,880
2,815
4,301
5,220
1,653
1,666
16
1,626
594
3,264
20
4,252
10, 927
9,934
213
30, 753
54, 659
1,522
4,320
1,228
5,275
4,334
8,533
12, 543
1,461
19, 240
7,668
10, 237
19,385
100
95,846
TABLE N O . 22.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31, 1955—Con.
[In thousands of dollars]
District District District District District District District District District District District District NonNo. 2
No. 10 No. 11 No. 121 member
No. 1
No. 3
No. 4
No. 5
No. 8
No. 6
No. 7
No. 9
Number of banks 2
Loans
Securities
Capital stock (par value)
Capital accounts
Grand
total
4,700
343
487
125
618
2,196, 214 3,300,160 8,461,417 122, 236 40,976,969
!, 752 1,
>, 757 1, 595,357 2, 783,195 2, 669,805 7,938, 516 133,055 45,270,314
""
76.547 133,595 218,311 392,465
—
5,608 2,460,621
260,149 461,271 580,817 1, 208,631 20,038 7,924,719
260
487
430
337
401
2,339,524 5,930,022 1,, 973,678 3,068,506 1,851,354 2,486,5
2,028, 746 6,007,345 2,264', 219 3, 948; 568 2,163, 267 3,115', 368 8,
101,342
134,500 405,765 125,498
" "
---'--'
482,936 1,,240,463 483,638 748,419 379, 216
Ratios:
To gross earnings:
Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent
Interest and dividends on securities
27.72
22.10
27.65
26.55
28.79
23.00
23.15
29.39
27.61
27.79
35.13
25.51
29.86
31.50
Interest and discount on loans...
59.54
56.62
56.75
56.87
57.50
59.55
55.54
50.85
56.51
62.10
59.48
55.46
59.78
53.63
Service charges on deposit
3.92
6.02
6.12
6.21
5.50
3.95
accounts
5.10
4.40
7.55
7.37
5.91
5.79
4.08
9.62
10.82
8.25
9.82
All other current earnings
12.45
7.14
10.67
10.65
10.95
9.91
6.40
9.06
11.66
10.79
Total gross earnings
Salaries, wages and fees
Interest on time deposits
All other current expenses
Total current expenses
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
100.00
100.00
30.68
7.31
23.28
28.66
11.57
22.31
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
29.85
10.28
20.87
30.26
7.63
24.99
29.46
9.61
20.54
30.19
8.44
21.77
30.90
10.03
21.41
30.89
11.91
20.81
27.72
9.43
21.35
28.38
6.18
24.85
28.86
16.92
17.26
34.58
14.22
20.15
29.34
10.88
21.03
58.50
61.00
62.88
59.61
60.40
62.34
59.09
59.41
i3.04
41.50
39.00
37.12
40.39
39.60
37.66
40.91
40.59
7.13
21.07
68.95
61.25
31.05
38.75
5.13
5.20
4.77
2.13
2.20
2.10
47.07
22.34
11.36
68.76
32.12
18.97
63.43
25.73
11.77
54.11
26.14
12.59
17.69
8.40
4.27
22.33
10.43
6.16
17.75
7.20
3.29
16.80
8.12
3.91
61.27
62.54
62.40
38.73
37.46
37.60
4.64
4.21
5.06
4.
5.09
5.19
4.35
4.74
5.10
5.14
4.76
1.
2.03
2.20
2.14
2.09
2.07
2.12
2.13
2.13
2.06
2.18
52.50
25.83
14.03
40.68
20.87
10.42
50.06
25.15
13.68
49.10
24.54
10.99
63.01
29.14
14.11
58.19
27.08
10.65
54.00
25.68
10.20
54.10
26.43
11.43
63.12
31.99
14.50
60.88
29.21
10.58
14.62
7.19
3.91
13.31
6.83
3.41
12.99
6.53
3.55
14.89
7.44
3.33
16.84
7.79
3.77
17.66
8.22
3.23
17.20
8.18
3.25
15.74
7.
3.33
18.57
9.41
4.27
17.63
8.46
3.06
1 Includes 1 member bank in Alaska.
2 Number at end of year. 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.
NOTE.—The figures of loans, securities, capital stock and capital accounts are averages of amounts reported for Dec. 31,1954, June 30,1955 and Dec. 31,1955.
TABLE N O . 23.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 81, 1955
TOTAL UNITED STATES AND POSSESSIONS
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31, 1955, of—
Less than $500,000
to
$500,000 $750,000
Number of banks
Total deposits
Capital stock (par value) _
Capital accounts
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 a n d wages:
Officers
Employees other t h a n officers-..
Fees paid to directors and m e m b e r s
of executive, discount, a n d advisory committees
Interest on t i m e deposits (including
savings deposits)
Interest a n d discount on borrowed
money
Taxes other t h a n on n e t income
Recurring depreciation on banking
house, furniture a n d fixtures
Other current operating expenses
Total current .operating expenses _.
Net earnings from current operations
$750,00G $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100000,000
to
to
to
to
to
to
to
$1,000,000 $2,000,000 $5,000,000 $10,G00,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
25
10,453
685
1,630
64
41,063
1,842
5,567
106
94,350
3,919
12,313
31, 596
111, 557
1,620
5, 417,157
138,264
513, 614
65
21
304
323
63
1,066
755
145
2,485
8,523
1,712
22,618
45,969
11,352
111,813
57,353
15,011
138,316
88,362
20,944
205,195
3
21
2
76
196
130
1,932
629
10, 748
1,286
15,880
28
67
1,113
8
721
4,294
459
4,145
443
1,615
3,755
36, 757
156
28
464
107
975
329
8,139
3,823
35
81
740
17
135
370
46
5
106
26
268
309
134
20
654
705
239
10, 786,458 8, 264, 502
243, 592
178,117
820, 712
m o o o > o o o
Total
s
4,666
21
35, 733,741 104,102,927
2,465,144
928,153
7,922, 730
2,872,942
116
1,019,993
180,487
545, 726
126
27, 799,445
602, 456
1,897, 464
66, 431
14,870
144,900
58,445
13,416
143,391
184 364
38,937
487, 675
231,639
74,068
651,479
742, 229
190, 539
1, 909,242
2,769
26, 768
2,375
18, 708
1,947
16, 412
7,863
41,708
21,607
52,965
38,619
185,414
5,216
1,485
5,499
8,213
6,935
11,109
4,870
7,319
10,896
7,794
10, 640
17, 266
38,310
38,580
18,039
40,723
44,234
63,855
103,033
125,928
189, 409
240,046
370, 295
270,369
256,713
854, 703
1,134,754
3,358,859
33,104
24,806
34,343
37,685
44, 599
67,898
29,367
53,116
25, 769
51,058
74,020
178,076
77,623
221,015
328,559
637,941
3,721
3,320
3,474
1,631
1,273
2,507
1,114
17,905
23,526
29,498
43,065
30,052
24,431
75,067
138,861
369,011
32
1,082
172
5,604
204
7,196
439
10,688
614
8,021
715
7,722
4,656
26, 255
5,367
32,945
12, 204
99,680
589
711
5,472
4,380
27,584
37,313
8,940
62,375
5,911
46,884
4,976
47,228
14,316
153,514
13,448
153,160
58,502
534,462
1,081
2,547
23,988
122,897
155,252
241,478
175, 596
163,172
528,411
643,533
2,058,264
534
1,208
12, 769
66, 512
84,794
128,817
94, 773
93,541
326,292
491,221
1,300,595
i
1
TABLE NO. 23.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1955—Continued
TOTAL UNITED STATES AND POSSESSIONS
[In thousands of dollars]
fed
Banks operating throughout entire year with deposits on Dec. 31, 1955, of—
Lees t h a n
$500,000
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, a n d
transfers to valuation reserves. __
Profits before income taxes
$500,000
to
$750,000
$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
to
to
to
to
to
to
to
to
or more
$1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
16
56
o
Total
275
640
1,520
830
1,553
2,267
6,385
13, 542
116
268
1,069
957
585
11,668
8,512
23,175
1,986
7,517
18,663
34,831
3
19
119
935
1,299
2,566
1,724
85
116
720
2,035
1,622
1,542
649
552
1,988
1,975
11,300
2
3
25
9
44
118
2S3
784
602
1,064
542
1,627
631
1,309
2,158
2,758
3,969
8,397
8,190
4,386
16,444
20, 457
18
91
185
1,057
4,428
5,495
8,866
6,100
9,592
35,806
48, 111
119, 749
7
38
6
359
33
4,135
282
7,517
523
13,135
962
11, 740
1,065
12,664
1,557
35, 785
15,376
35,197
16, 504
120, 577
36,308
145
12
22
184
73
19
1,427
600
284
3,039
4,745
1,980
2,541
8,182
3,103
1,839
14,803
4,938
443
12, 220
A 465
545
12,909
3,147
777
40,651
17, 227
31
61,870
11, 951
11,006
156,065
45,140
16
35
4
39
186
320
2,703
14,181
21,866
35, 677
27,933
30,822
109,816
125, 553
113
439
1,073
11,123
56, 759
68,423
102,006
72, 940
72,311
252,282 |
413,779 |
369,096
1,051,248
i
O
o
o
j
o
}
Taxes on net income:
Federal
State
31
1
Total taxes on net income.
132
8
288
10
3,044
146
18,033
703
24,991
818
42, 671
1,447
31, 780
699
30,328
1,100
106,945
3,875
161,927
7,838
420,170
16,645
32
140
298
3,190
18, 736
25,809
44,118
32, 479
31, 428
110,820
169, 765
436,815
Net profits before dividends
-
-
81
299
775
7,933
38,023
42, 614
57,888
40, 461
40,883
141, 462
244,014
614, 433
Cash dividends declared:
On preferred stock
On common stock
______
_
46
132
320
2
3,138
16
15,088
21
16,818
40
24, 743
10
18, 286
17,924
108
67, 768
136, 626
197
300,889
46
132
320
3,140
15,104
16,839
24, 783
18, 296
17, 924
67,876
136, 626
301, 086
5
23
222
7
1,572
5
2,267
12
2,565
2
1,486
18
1,925
407
4,595
1, 656
9,301
2,107
23,961
9
79
494
56
3,098
86
4,126
610
5,201
335
3,486
1,329
4,188
8,297
8,611
20,040
23,894
30, 753
53,186
25
479
2,880
4,660
10, 496
7,972
10, 735
39,092
19,332
95. 671
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)
Average per bank:
Gross earnings from current operations
Current operating expenses
Net earnings from current operations
Net profits before dividends
18
12
6
3
25
17
8
5
35
24
11
7
56
37
19
12
117
76
41
23
242
157
85
43
525
342
183
82
1,131
735
396
169
2,213
1,407
806
352
6,783
4,194
2,589
1,123
54,036
30, 644
23,392
11, 620
720
441
279
132
$1.28
.77
$1.30
.73
$1.28
.82
$1.29
.80
$1.23
.70
$1.22
.61
$1.19
.54
$1.15
.49
$1.17
.51
$1.17
.51
$1.37
.68
$1.25
.59
8.22
4.97
2.82
9.59
5.37
2.37
9.81
6.29
2.60
11.45
7.11
2.81
12.95
7.40
2.94
14.71
7.39
2.92
15.70
7.05
3.02
16.78
7.17
3.24
17.14
7.49
3.28
17.20
7.46
3.58
17.10
8.49
4.76
16.42
7.76
3.80
61
146
265
1,864
6,102
5,195
5,678
3,271
2,639
7,111
7,633
39,965
27
88
208
2,015
10, 662
14, 662
25,091
18,967
18,199
59, 281
65,078
214, 278
i
Per $100 of deposits:
N e t earnings from current operations _ _ _ _ _ _ _ _ _
_ _ __
N e t profits before d i v i d e n d s
P e r $100 of capital accounts:
N e t earnings from current operations
N e t profits before d i v i d e n d s . - . . __.
Cash d i v i d e n d s
_ __
N u m b e r of officers at end of period
N u m b e r of employees other t h a n officers
at end of period
_ _ _
NOTE.—The deposits, capital stock, and capital accounts shown in this table are as of end of period.
surplus, undivided profits, reserves and retirement fund for preferred stock.
O
Capital accounts represents the aggregate book value of capital stock,
5©
150
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 24.—Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1953-55
[In thousands of dollars]
1953
Number of banks 1
Capital stock, par value 2.
Capital accounts 2
1954
4,864
4,796
4,700
2,263, 746
7,235,820
2,386,226
7,739,553
2,460, 621
7,924,719
Amount Percent Amount
to total
Earnings from current operations:
Interest and dividends on:
694,815
U.S. Government obligations
Other securities
176,433
Interest and d iscount on loans
1,751,596
Service charges and other fees on banks'
loans
28,073
150, 490
Service charges on deposit accounts
Other service charges, commissions, fees,
and collection and exchange charges
60,920
85,990
Trust department
..119, 619
Other current earnings
Total earnings from current operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
Number of officers *
Number of employees other than officers1..
3,067,936
298,121
595, 596
88,077
206, 589
Fees paid to directors and members of executive, discount, and advisory committees.. 16,094
Interest on time deposits (including savings
299,064
deposits)
Interest and discount on borrowed money. _ 14,362
84, 517
Taxes other than on net income
Recurring depreciation on banking house,
47, 388
furniture and fixtures
489,366
O ther 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
1955
Percent Amount
to total
22.75
757,333
5.87
195,432
55.85 1, 954, 531
Percent
to total
22.04
5.68
56.87
22.65
5.75
733,868
189, 532
.91
4.91
33,792
174,914
1.05
5.42
39,867
188,912
1.16
5.50
1.99
2.80
3.90
65,325
100,761
126,420
2.02
3.12
3.92
66,062
103,033
131, 522
1.92
3.00
100.00 3,226, 294 100.00 3,436,692
100.00
335,179
654,922
40,078
214,696
15.92
31.11
57.09 1,801,682
16.16
32.29
320,170
634, 815
89,405
218,772
16.04
31.80
.87
17,348
.87
18, 300
.87
16.22
.78
4.58
343,655
4,288
96, 832
53, 636
525,371
17.22
.21
4.85
373,960
12,413
101, 539
17.76
.59
4.82
2.69
26.32
59, 665
549,164
2.84
26.09
100.00
2.57
26.53
1,844, 508
1,996,115
100.00 2,105,142
1,223,428
1, 230,179
1, 331, 550
7,876
15, 226
23,459
9.60
18.57
28.60
8,367
25, 013
244,914
2.30
6.87
67.33
13, 651
29,235
35,863
10.10
21.62
26.52
16, 502
5,328
13, 626
20.12
6.50
16.61
14,219
40,223
31,019
3.91
11.06
8.53
14, 648
18,931
22,887
10.83
14.00
16.93
82, 017 100.00
363,755
100. 00
135. 215
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
All other
96,676
31,454
36.27
11.80
41,389
71,460
12.88
22.24
122,105
36,312
32.35
15, 494
77,164
45,763
5.81
28.95
17.17
13,312
134,084
61,065
4.14
41.73
19.01
14,292
158, 675
46,021
3.79
42.04
12.20
Total losses, charge-offs, and transfers to
valuation reserves
266, 551
100.00
321,310
100.00
377,405
100.00
See footnotes at end of table.
REPORT OF THE
COMPTROLLER OF THE
151
CURRENCY
TABLE N O . 24.—Earnings, expenses, and dividends of national banks, years ended
Dec. 81, 1953-55— Continued
[In thousands of dollars]
1953
Amount
Profits before income taxes...
Taxes on net income:
Federal
State
Total taxes on net income
1954
Percent Amount
to total
1955
Percent Amount
to total
1,038,894
1,272,624
1,089,360
446,687
18 920
508, 544
23,015
428, 589
17,622
465,607
531, 559
446,211
Net profits before dividends
573, 287
741,065
643,149
Cash dividends declared:
On preferred stock
On common stock
332
274,884
264
299,841
203
309, 532
275, 216
300,105
309, 735
449
19,830
919
27, 305
2,107
24,825
22, 448
53,039
50,403
8,080
53,886
79,887
30,753
54, 659
95,846
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
Net current earnings
Ratio of cash dividends to capital stock (par
value). . _ .
-_
Ratio of cash dividends to capital accounts
Percent
29.65
9 75
20 72
Percent
to total
Percent
30.14
10.65
21.08
Percent
29.34
10.88
21.03
60.12
61.87
61.25
39.88
38.13
38.75
12.16
3.80
12.58
3.88
12.59
3.91
* 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.
TABLE N O . 25.—Number of national banks, capital stock, capital funds, net profits, dividends, and ratios years ended Dec. 31, 1930-55
[In thousands of dollars. Figures for previous years published in report for 1938, p. 115]
Capital stock (par value)
Number
of banks
Preferred
1931.
1932.
1933.
1934.
1935.
1936.
1937.
1938.
1939-.
1940.
1941.
1942.
1943..
1944..
1945..
1946.
1947..
19481949..
19501951..
195219531954..
1955..
7,038
6,373
6,016
3 5,159
3 5,467
5,392
5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046
5,031
5,023
5,013
5,011
4,997
4,981
4,965
4,946
4,916
4,864
4,796
4,700
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
4,167
Common
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
2,456,454
1
Capital
accounts l
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
2,460, 621
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
3,860,443
4,114, 972
4,467,718
5,293,267
5,545,993
5,811,044
6,152,799
6, 506,378
6,875,134
7,235,820
7, 739, 553
7, 924, 719
1 Averages of amounts from reports of condition made in each year.
2 Deficit.
3 Licensed banks, i.e., those operating on an unrestricted basis.
to
Cash dividends
Total
Net profOn
On
its before
dividends preferred common
stock
stock
158,411
2 54,550
2164, 737
2 286,116
2153,451
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
643,149
558
10,103
18,862
18,166
11,532
9,378
8,911
8,175
7,816
6,158
5,296
4,131
2,427
1,372
1,304
1,100
712
615
400
332
264
203
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
309, 532
Ox
Ratios
Net profits before diviCash divi- Cash dividends on Total cash
dends on
dends
common dividends
preferred
to capital
stock to
stock to
accounts To capital To capital
common
preferred
stock
capital
accounts
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
4.87
Percent
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. OS
11.91
12.17
12.59
12.60
Percent
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
3.91
Percent
9.19
2 3.25
210.32
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
26.14
Percent
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
8.12
s
3
O
REPORT OF THE COMPTROLLER OF THE CURRENCY
153
TABLE N O . 26.—Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans,\by*calendar years, 1936-55
[In thousands of dollars]
Year
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
-
Total loans Losses a n d Recoveries
end of year charge-offs
__ _-
_
__
_.
_
_
__
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
43, 559, 726
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
1
52,322
i 68,533
i 67,198
1 68,951
20,393,338
61,301
Average for 1936-55
-
__ _
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
2 39,473
40,491
Net losses
Ratio of
or recover- losses (or reies (+)
coveries + )
to loans
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
3 14,445
22,108
19,326
32, 201
25,674
29, 478
20,810
Percent
1 03
24
.57
.30
.21
.07
.02
+.10
+.08
+.06
.02
.14
08
.14
.05
07
.05
.08
.06
.07
.10
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 N O . 27—Total securities of national banks, losses and recoveries on securities
and ratio of net losses or recoveries to securities, by calendar years, 1936-55
[In thousands of dollars]
Total
securities Losses a n d Recoveries
e n d of y e a r charge-offs
Year
Net losses
Ratio of
or recover- losses (or recoveries + )
ies (+)
to securities
Percent
1936
1937.
1938
1939
1940.
1941
1942.
1943
1944
1945
1946.
1947
1948
1949.
1950
1951.
1952
1953
1954.
1955
..
_..
_
_
_
. _
_ .
_____
_
_
Average for 1936-55
1
_
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
42, 857,330
91,764
" 92,343
115, 281
109,378
107, 960
92,134
73,253
66,008
67, 574
74, 627
74, 620
69,785
1
55,369
1
23, 595
i 26, 825
1
57, 546
i 76, 524
i 119,124
i 49,469
1
152, 858
120, 534
33,777
33, 453
33, 631
40,993
48,157
36,170
59, 652
50,302
54,153
33,816
25,571
2 25, 264
2 7, 516
211, 509
2
6, 712
2
9, 259
2
8,325
2
9, 286
2
15, 758
+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
137,100
34, 421, 879
79,802
33,192
46, 610
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.
2
+0.23
.50
.66
.59
.49
.28
.13
.02
.04
.04
.09
.10
.07
.04
.04
.12
.15
.25
.08
.32
.14
154
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 28.—Foreign branches of American national banks, Dec. 81, 1955
BANK OF AMERICA NATIONAL TRUST AND SAVINGS FIRST NATIONAL CITY BANK OF NEW YORK,
ASSOCIATION, SAN FRANCISCO, CALIF.:
N. Y.—Continued
England:
London.
London (West End).
Guam:
Agana.
Japan:
Kobe.
Osaka.
Tokyo.
Yokohama.
Philippines:
Manila.
Thailand:
Bangkok.
Cuba:
Caibarien.
Cardenas.
Havana.
Havana (Cuatro Caminos).
Havana (Galiano).
Havana (La Lonja).
Havana (Twenty-third Street Branch).
Manzanillo.
Matanzas.
Santiago de Cuba.
Egypt:
Cairo.
England:
London.
FIRST NATIONAL BANK OF BOSTON, MASS.:
London (West End).
Argentina:
France:
Avellaneda.
Paris.
Buenos Aires.
Hong Kong:
Buenos Aires (Alsina).
Hong Kong.
Buenos Aires (Constitueion).
India:
Buenos Aires (Once).
Bombay.
Rosario.
Calcutta.
Brazil:
Japan:
Rio de Janeiro.
Nagoya.
Santos.
Osaka.
Sao Paulo.
Tokyo.
Cuba:
Yokohama.
Cienfuegos.
Lebanon:
Havana.
Beirut.
Havana (Avenida de Italia).
Mexico:
Havana (Avenida Maximo Gomez).
Mexico City.
Sancti Spiritus.
Mexico City (I. la Catolica).
Santiago de Cuba.
Panama:
FIRST NATIONAL CITY BANK OF NEW YORK, N. Y.:
Panama City.
Argentina:
Peru:
Lima.
Buenos Aires.
Philippines:
Buenos Aires (Flores).
Buenos Aires (Plaza Once).
Cebu.
Rosario.
Clark Field.
Brazil:
Manila.
Port Alegre.
Manila (Port Area Branch).
Recife (Pernambuco).
Puerto Rico:
Rio de Janeiro.
Arecibo.
Salvador.
Bayamon.
Santos.
Caguas.
Sao Paulo.
Mayaguez.
Sao Paulo (Avenida Ipiranga).
Ponce.
Canal Zone:
San Juan.
Balboa.
Santurce.
Cristobal.
Saudi Arabia:
Chile:
Jeddah.
Santiago.
Singapore:
Valparaiso.
Singapore.
Colombia*
Uruguay:
Baranquilla.
Montevideo.
Bogota.
Venezuela:
Cali.
Caracas.
Medellin.
Caracas (Miranda).
* Excludes banking facilities at military establishments.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec. 31,
1955, appears in the following table.
REPORT OF THE COMPTROLLER OF THE CURRENCY
155
TABLE NO. 29.—Consolidated statement of assets and liabilities
of foreign branches
of national banks, Dec. 31, 1955 l
[In thousands of dollars]
Number of branches _.
85
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
.
$588, 705
62,706
28, 211
178, 002
193, 456
14, 795
32, 383
17, 747
1, 116, 005
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.)
507, 652
186, 773
61, 607
15, 414
207, 517
12, 871
Total deposits
Due to head office and branches
Bills payable and rediscounts
Acceptances executed by or for account of reporting branches and
outstanding
Other liabilities
991, 834
6, 695
53, 098
Total liabilities
32, 473
31, 877
1, 115, 977
CAPITAL ACCOUNTS
Undivided profits, including reserve accounts
Total liabilities and capital accounts
1
28
1>116, 005
Excludes figures for banking facilities at military establishments, except one located in Saipan.
NOTE.—For location of foreign branches see preceding table.
156
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 30.—Assets and liabilities of banks in the District of Columbia, by
classes, Dec. 31, 1955
[In thousands of dollars]
Total all
banks
Number of banks
__
National
banks
Non-national banks
17
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
.-.
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
clearinghouses
_.
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.
205,409
133,064
72,345
134
10,195
53
4,650
81
5,545
3,867
3,401
466
2,983
262
2,721
8,674
49,927
60,923
41,244
4,245
31,815
36, 527
25,412
24, 396
15,832
48,317
13,756
12,366
31,912
59,766
250
35, 243
124
27, 665
6,566
4,942
13,149
37,954
250
21,463
20, 652
7,190
7,424
18, 763
21, 812
13, 780
35
585,090
5,410
351,507
4,409
233, 583
1,001
579,680
347,098
232,582
17,989
14, 219
108,117
8,444
9,335
69, 702
9,545
4,884
38,415
23,560
116, 752
149, 540
42,819
522
15,039
91,825
8,521
24,927
61,441
20,261
522
473, 518
305,002
168, 516
473,525
34,305
33,225
2,397
305,002
27, 236
20,605
1,530
168,523
7,069
12,620
867
543,452
354,373
189,079
73,673
48,402
25,271
50,094
74
288
24,632
34, 506
37
173
14,384
15,588
37
115
10, 248
22, 558
7
4,429
18,112
7
194,824
124,188
70,636
343,585
221,690
121,895
21,204
178
1,150
1,968
1,961
13,059
178
8,145
827
691
1,150
1,141
1,270
1,493,178
937,916
555,262
REPORT OP THE COMPTROLLER OF THE CURRENCY
157
TABLE N O . 30.—Assets and liabilities of banks in the District of Columbia, by
classes, Dec. 31, 1955—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..
921,990
25, 756
174
68,612
6,649
601,535
18,706
141
53,734
5,041
19,962
11,668
1,054,811
699,119
355,692
284,042
19,197
1,025
157,082
11,298
1,025
126,960
7,899
17, 275
320, 455
7,050
33
14,878
1,608
17,275
321,539
169,405
1,376,350
868,524
5,064
7,943
2,227
1,517
4,409
1,732
3,547
3,534
495
1,391,584
876,182
515,402
29,240
51,910
15,921
4,523
18.800
32,300
9,184
1,450
10,440
19,610
6, 737
3,073
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
101,594
61, 734
39,860
1,493,178
937,916
555,262
103,905
62,459
41,446
MEMORANDUM
Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase)
389422—56
158
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. SI, 1955
[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. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
17 banks
17 banks
17 banks
17 banks
514,320
531,260
7
41,233
32, 222
541,050
491,626
7
39,529
32,007
556,970
490,635
7
37, 571
31,056
579,680
473,518
7
34,305
33,225
2,213
2,213
2,213
2,397
177,065
27,645
183,383
24,252
176,252
25,483
194, 824
24,632
111,221
19,903
115
111, 057
20, 789
142
108,948
20,974
55
124,129
21, 204
178
1,150
1,150
1,150
1,150
2,351
2,694
1,922
1,804
2,286
2,142
1,968
1,961
1,463,399
1,450,931
1,455,742
1,493,178
908,385
898,670
894,810
921,990
280,273
1,025
54,097
129
94,743
19, 237
1,857,889
1,089,641
818,248
279, 538
1,025
54,488
111
83,765
25,493
1,848,090
1,024,077
319,018
279,335
1,025
45,655
120
94,384
284,042
1,025
44,953
174
92, 536
31,630
1,876,850
1,054,811
821,689
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
,..
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions.
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed 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..
585
18,396
1,888,725
1,015,797
817,928
11,500
3,599
6,439
1,482
4,003
5,879
3,375
4,675
6,839
2,933
5,064
7,943
2,227
1,369,994
1,356,347
1,359,672
1,391,584
27,190
47,685
14,963
3,567
27,190
47,700
16,072
3,622
27,190
47,800
16,790
4,290
29,240
51,910
15,921
4,523
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
_._
Undivided profits
Total capital accounts
Total liabilities and capital accounts
93,405
94,584
96,070
101, 594
1,463,399
1,450,931
1,455,742
1,493,178
119,792
111, 658
121,610
103,905
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
_
REPORT OF THE
COMPTROLLER OF THE
CURRENCY
159
TABLE N O . 32.—Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during the year ended Dec. 31, 1955
[In thousands of dollars]
Apr. 11,
1955
June 30,
1955
Oct. 5,
1955
Dec. 31,
1955
9 banks
9 banks
9 banks
9 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 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.
206,613
183,861
7
8,601
12,047
220, 551
172,636
8,360
11,816
228,826
174,480
7
7,904
11,654
232,582
168,516
7
7,069
12,620
867
867
867
867
66,130
11, 535
60,084
9,916
61,756
10,220
70,636
10,248
31,230
7,987
34,726
8,041
30,895
8,073
41,011
8,145
1,150
1,150
1,150
1,150
1,120
1,422
1,136
1,298
1,215
1,379
1,141
1,270
532,570
530,588
538,426
555,262
306,036
302,549
302,920
320,455
126,273
128,519
126,199
126,960
19,220
17
30,879
5,616
488,041
384,837
153,704
16,409
21
30,759
7,109
485,866
329,416
155,950
13,319
32
34,045
4,875
481,890
828,917
152,473
14,949
33
33,761
11,668
507,826
855,692
152,134
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..
10,000
2,579
2,967
2,815
2,741
529
3,272
3,316
757
3,547
3,534
495
493.973
491,451
498,735
515,402
10,440
19,585
5,877
2,695
10,440
19,600
10,440
19,600
2,734
2,769
10,440
19,610
6,737
3,073
38,597
39,137
39,691
39,860
532,570
530,588
538,426
555,262
51,762
47,633
56,697
41,44b
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
160
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, 1955 and 1954
[In thousands of dollars]
Years ended Dec. 31
Total
Number of banks *
Capital stock, par value 2
Capital accounts2
_-Earnings from current operations:
Interest and dividends on:
U 8. 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
Number of officers L
Number of employees other than officers *
National banks
Nonnational
banks
1955
1954
1955
17
27, 440
96, 050
17
24,610
90,209
8
17,367
57,030
9
8
14,850 10,073
49, 578 39, 020
10, 701 10, 455
1,505
1,324
24, 009 20, 843
349
287
3,297
3,096
6,844
894
13, 523
129
1,645
6,847
701
11,106
111
1,433
3,857
611
10,486
220
1,652
3,608
623
9,737
176
1,663
1954
1955
1954
1,598
2,921
1,311
1,384
2,477
1,425
369
1,136
659
348
866
507
1,229
1,785
652
1,036
1,611
918
45, 691
41, 291
25,199
21, 919
20, 492
19,372
4,686
10, 028
438
3,182
4,308
9,322
412
3,104
2,737
5,257
246
1,684
2,329
4,596
232
1,619
1,949
4,771
192
1,498
1,979
4,726
180
1,485
Fees paid to directors and members of executive,
discount, and advisory committees
311
162
316
173
138
Interest on time deposits (including savings deposits)
4,729
4,257
2,442
2,287
2,201
203
36
75
Interest and discount on borrowed money
16
128
Taxes other than on net income
1,567
1,758
948
873
619
Recurring depreciation on banking house, furniture and fixtures
922
359
887
563
479
7,005
6,495 3,792
3,213
3,356
0 ther current operating expenses
Total current operating expenses
29, 451 27, 379 15, 987 14, 012 13, 464
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 recoveries, transfers from valuation reserves and profits
9
9,760
40, 631
16, 240
13, 912
9,212
7,907
7,028
154
2,056
20
885
408
3,139
13, 367
6,005
1
34
1
34
301
2,524
191
1,355
110
1,169
93
27
186
73
498
176
56
27
96
27
336
95
37
90
46
162
81
608
3,305
370
1,813
238
1,492
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
509
50
164
167
151
342
50
13
141
1,542
367
138
1,525
918
47
1,338
231
17
1,444
605
94
204
136
121
81
313
Total losses, charge-offs, and transfers to valuation reserves
2,609
2,745
1,783
2,217
826
528
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.
161
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. 81, 1955 and 1954—Continued
[In thousands of dollars]
Years ended Dec. 31—
National banks
Total
Profits before income taxes
Taxes on net income: Federal
Nonnational
banks
1955
1954
14,239
14, 472
7,799
7,503
6,440
6,969
6,851
7,699
3,725
4,358
3,126
3,341
1955
1954
1955
1954
Net profits before dividends
7,388
6,773
4,074
3,145
3,314
3,628
Cash dividends
3,941
3,553
2,423
2,064
1,518
1,489
150
89
67
48
83
41
219
1,300
197
2,040
159
200
122
1,500
60
1,100
75
540
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
Net current earnings
Ratio of cash dividends to capital stock (par value) ___
Ratio of cash dividends to capital accounts
Percent Percent Percent Percent Percent Percent
35.41
32.89 33.78 32. 41 32.34
33.47
10.61
10.35
10.31
11.16
9.69
10.04
22.98
21.22 22.22 21.34
21.07
21.55
64.46
66.31
63.44
63.93
65.70
69.00
35.54
33.69
36.56
36.07
34.30
31.00
14.36
4.10
14.44
3.94
13.95
4.25
13.90
4.16
15.07
3.89
15.26
3.66
TABLE N O . 34.—Number of banks, capital stock, capital
p
ffunds,
,
net pprofits, interest and dividends, and ratios, all banks in the District of
Columbia,
years ende
Clbi
ded Dec. 81, 1930-55
a>
to
[In thousands of dollars. Figures for previous years published in report for 1940, p . 200]
Interest and cash dividends
Capital »
Number of Capital
banks notes and
debentures
Preferred
stock
(par
value)
Common
stock
(par
value)
Total
Net
Capital
On
profits
capital
accounts 1 before
dividends notes
and
debentures
On preferred
stock
Ratios
Interest
Cash
on capCash
ital notes dividends dividends
On com- and de- on pre- on common
mon
ferred
benstock
tures to stock to stock to
capital preferred common
capital
capital
notes
and debentures
Total
interest
and cash
dividends
to capital
accounts
Net profits before dividends
To
capital
stock
s
To
capital
accounts
O
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
1955
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
17
300
1,340
1,790
1,536
1,419
1,303
1,295
999
604
454
400
123
]1,575
31,650
L,650
1,554
1,355
:1,208
1.288
1,130
969
794
] 317
34
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
27,440
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
27, 440
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
96,050
i Averages of amounts from reports of condition made in each year,
a Deficit.
2,983
1,514
21,218
»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
7,388
31
77
58
47
41
40
28
24
11
17
6
34
68
68
59
50
47
56
42
38
31
16
1
2,755
2,648
2,278
1,006
901
996
1,083
1,194
1,248
1,379
1,416
1,442
1,439
1,432
1,557
1,610
1 902
2 198
2,412
2,653
2,912
3,014
3,068
3,166
3,553
3,941
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
11.48
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
14.36
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
4.10
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
26.92
5.67
2.91
2 2.43
2 5.32
U.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
7.69
o
o
3
REPORT
OF THE COMPTROLLER
Or THE CURRENCY
163
TABLE N O . 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
1986-55
ALL BANKS
[In thousands of dollars]
Total loans
end of year
Year
1936..
1937
1938-. _
1939
1940 _
1941
_ _
1942
1943._ _
1944
1945 .
1946
_ _ _
1947
1948 .
1949
_. _
1950
1951..
_ _
1952
1953 .
1954
1955
Average for 1936-55
Losses and
charge-offs
Recoveries
N e t losses Ratio of losses
(or recovor recoveries eries + ) to
loans
(+)
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
2 243
320
548
+25
215
120
178
55
+126
+60
166
+105
+299
+226
184
270
+157
160
140
173
173
117
Percent
0.58
+.02
.22
.11
.14
.04
+.11
+.06
.15
+.08
+.17
+.09
.07
.09
+.05
.04
.03
.04
.03
.02
75
.03
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
2
123
145
256
+49
112
108
59
+21
+35
20
+31
+46
+149
+97
164
168
+14
107
177
0.60
+.10
.25
.21
.10
+.03
+.06
.04
+.06
+.07
+.15
+.07
.11
.11
+.01
.05
.08
64
83
44
.02
.02
.03
540
171
201
90
193
210
113
104
490
129
122
170
1 131
1313
1216
1 177
1 114
1291
U96
U54
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
2 120
292
24
103
12
119
76
+91
+80
197
+59
+150
+129
20
102
+143
53
+37
174
109
34
0.56
.04
.19
.02
.17
.10
+.15
+.14
.36
+.10
+.19
+.12
.02
.07
+.09
.03
+.02
.09
.05
.01
206S
175
31
.03
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
579, 680
946
347
416
257
371
332
225
237
600
195
184
303
1395
574
1382
475
393
579
335
1360
239,423
395
NATIONAL BANKS
1936. 1937
1938...
1939
1940
1941
1942..
1943
1944 .
1945
1946
1947
1948
1949
1950
1951._ _
1952
1953
1954 1955
Average for 1936-55
_ __
__
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
347,098
406
176
215
167
178
122
112
133
110
66
62
133
?64
261
166
298
279
288
1139
206
128,495
189
+1
NONNATIONAL BANKS
52,276
1936
- _
54,651
1937
55, 003
1938.
_
1939
60,862
68,162
1940
— .
1941
_
_
75,883
62,648
1942
1943. .
55,255
1944
55,298
57,495
1945
78,620
1946
_
110,766
1947
125,664
1948
_ —
139,417
1949
164,306
1950
1951
173,476
193, 723
1952
201, 710
1953
1954
_
200,765
232,582
1955
110,928
•Average for 1936-55
1 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.
164
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 1936-55
ALL BANKS
[In thousands of dollars]
Total securities end of
year
Year
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
.
.
._
. . . .
-
. . .
Average for 1936-55
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
543,452
423,777
Losses and
cbarge-offs
845
811
892
1,045
732
827
466
770
639
299
205
347
1201
1126
1169
1757
1711
1634
1164
1509
557
Ratio of losses
Net losses or (or recoveries
Recoveries recoveries
(+) + ) to securities
538
297
426
493
351
359
262
590
459
278
125
83
«88
22
22
28
271
2 34
21
223
307
514
466
552
381
468
204
180
180
21
80
264
113
124
167
757
703
563
130
508
334
Percent
0.23
.38
.34
.41
.28
.30
.07
.04
.03
.002
.01
.05
.02
.02
.03
.13
.12
.10
.02
.09
.08
NATIONAL BANKS
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
.
. -
. .
. . .
- -
- _
Average for 1936-55
See footnotes a t end of table.
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
354,373
266,515
609
507
562
883
533
617
271
641
231
182
97
166
144
124
398
211
334
394
285
242
199
469
250
173
76
16
2 80
21
noo
1540
1432
1265
1151
1167
351
2
27
67
160
211
296
228
489
248
375
72
172
+19
9
21
150
+36
23
100
540
425
198
151
167
191
0.27
.35
.28
.60
.30
.40
.04
.06
+.01
.002
.01
.05
+.01
.01
.03
.14
.12
.06
.04
.05
.07
REPORT OF THE COMPTROLLER OF THE CURRENCY
165
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 1986-55—Continued
NONNATIONAL BANKS
Total securities end of
year
Year
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
.
-
-
Average for 1936-55
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
189,079
157,262
Losses and
charge-offs
236
304
330
162
199
210
195
129
408
117
108
181
U57
U02
J 69
1217
1279
1369
U3
1342
206
Ratio of losses
Net losses or (or recoveries
Recoveries recoveries
(+) + ) to securities
140
86
92
99
66
117
63
121
209
105
49
67
28
21
22
21
24
2 34
21
63
96
218
238
63
133
93
132
8
199
12
59
114
149
101
67
217
278
365
+21
341
143
1 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. 110.
Percent
0.17
.42
.42
.12
.24
.15
.13
.01
.10
.004
.02
.05
.07
.05
.03
.10
.13
.19
+.01
.18
.09
TABLE N O . 37.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 81, 1955
[In thousands of dollars]
Total all
banks
Number of banks
_
National
banks
Banks other than national
All banks
other than
national State com- Mutual
Private
mercial i
O
14,265
4,700
9,565
8,963
528
74
33,455,594
1,168,606
3,326,487
3,263,182
1,815,412
18,313,006
513,251
1,591,326
1,144,568
696,034
15,142,588
655,355
1,735,161
2,118,614
1,119,378
15,048,001
654,145
1,727, 525
2,108,200
1,087,458
32,174
"i,~732"
62,413
1,210
5,904
10,414
849,911
505,556
8,530,022 22,924,978
1,986,245 3,664,207
9,409,571 7,993,579
204, 558
370,165
1,337,960
1,252,737
790,048
7,353,729
1,831,703
7,847,037
370,139
1,222,516
58,476
15,566,883
1,831,299
137,291
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 securitiesReal 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 indirectly representing bank premises or other real estate
Customers' liability on acceptances outstanding
_
Other assets
_
Total assets
•
_
__
1,355,467
31,455,000
5,650,452
17,403,150
574, 723
2, 590,697
18,027
24,405
1,387
4,366
1,205
9,251
26
5,816
102,058,770
1,483,585
44,232,097
672,371
57,826,673
811,214
40,040,501
597,323
17,670,287
213,628
115,885
100,575,185
43,559,726
57,015,459
39,443,178
17,456,659
115,622
70,309,691
13,395,431
6,234,204
1,124,402
33,690,806
1,955,466
217,074
36,618,885
6,401,447
4,278,738
907,328
28,072,654
5, 710,434
1, 585,613
242,680
8,459, 514
636,759
2,690,304
655,382
86,717
54,254
2,821
9,266
91,063,728
42,857,330
48,206,398
35,611,381
12,441,959
153,058
1,346,908
1,484,989
2,873,239
1,388,250
45,105,892 24,375,190 20,730,702 19,816,123
756,002
962, 111
936,151
1,898,262
18,249
22,870
46, 579
23,709
45,110
78,839
45, 111
123,950
301,402
315,363
441,034
125,671
366,181
977,142
379,461
597,681
134,614
830,787
179,018
4,289
226,786
3.467
83,792
1,131
332
1
13,961
4,714
31,274,112
376,078
243,105,011 113, 750,287 129,354,724
97,704,534
8
9
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 outstandingOther liabilities
109,434,462 58,192,878 51,241, 584 50,975,005
3,788,108 2,094,129 1,693,979
1,689,845
10,345, 502 5, 946,918 4,398, 584 4,388,119
13, 524,819 8,245,156 5,279,663 5,264,105
1, 548,195
568,239
979,956
955,398
3,922,795 1,847,249 2,075,546 2,053,729
40,247
5,725
226,332
451
5,299
15,223
24,558
16,092
142, 563,881 76,894, 569 65,669,312
55,156
287,955
74,443,954 25,151, 538 49,292,416 21,160,412 28,113,104
83,921
341,181
84,011
257,170
31,357
18,271
18,271
13,086
16,037
2,422,843 1,394, 506 1,028,337 1,011,193
2,351
267, 611
24,959
242,652
239,801
482,161
838,585
836,405
1,320, 746
18,900
4
78,827,692
27,323,420
174,195
471, 680
2,857,257
66,399
335,023
1, 505,341
28,186,734
310,646
3,899
~27l,~375
10,143
15,486
8,020
28,462,008
344,295
90,274,044
2,172,096
369,152
51,164
16,167
2,161,412
3,493,149
1,483,730
224,868
1,986,193
687,157
138,754
5,603
19,441
1,209
5,530
10, 274,377
7,430,490
2,812,104
31,783
243,105,011 113,750,287 129,354, 724 97,704, 534 31,274,112
376,078
CAPITAL ACCOUNTS
Capital notes and debentures.
Preferred stock
Common stock
Surplus .
Undivided profits
Reserves and retirement account for preferred stock and capital notes and debentures.
Total capital accounts
Total liabilities and capital accounts.
1
2
51,164
20,333
4,635,473
9,327,118
3, 540,904
635,314
4,166
2,468,458
3,828,335
1,368,808
266,162
18,210,306
7,935,929
Includes stock savings banks.
Book value for insured mutual savings banks included with Reserves"—retirable value amounts to $3,210,000.
s
1,107
500
2,180
52,357
319, 537
1,225,946
107,796
136,657
1,351,916
O
51, 504,272 23,350,003 28,131, 578
221,391, 573 104,217,989 117,173, 584 88,676,204
224,894, 705 105,814,358 119,080,347
Total liabilities..
65,326,201
5,166
335
51,164
16,167
2,167,015
o
o
o
I
TABLE N O . 38.—Assets and liabilities of all active banks in the United States and possessions, Dec. 81, 1955 {including national. State commercial, savings and private banks)
ASSETS
[In thousands of dollars]
Location
Maine
New Hampshire
Vermont
Massachusetts
_
Rhode Island
C onnecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of ColumbiaTotal Eastern
States..__:
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
U. S. GovLoans and ernment
Population Num- discounts, obligations,
(approxi- ber of including
banks
overdirect and
mate)
drafts
guaranteed
917,000
565,000
382,000
5,089,000
852,000
2,275,000
10,080,000
16,368,
5,505,000
11,315,000
398,000
2,709,000
864,000
91
110
69
366
18
169
63, 286
26,224
8,076
369,199
60,322
245,113
239, 589
23,307
95,293
772, 220
673,013
5, 651,196
, 154, 279 14, 213, 583 2, 714, 706 1, bO9, 526
302,973
625,582
2,917, 214 2,342,973
869,790
6,387,751 4,189,571 1,018,777
32,185
71,304
319,454
271, 296
127,496
114, 642
1,004,467 1,012,989
34,305
33,225
579,6S0
473, 525
417, 700
373,469
28, 215
74,969
10,0S7
6,106
2,397
41,362, 845 22, 503,937 4, 553,053 3, 201,460
874, 581
48,936
1,161,303
150, 847
469,179
12,485
393, 528
58,603
700,630
100,271
190,870
1,030,337
296,041
27,638
58, 547
305,458
627,410
25,325
128,087
1,067, 649
27,803
1,116, 512 1, 218,256
32,450
523,987
159,634
634,727
8,249
291,067
141,167
375, 212
19,829
906,056
210,705
846, 844
477,463
134,009
4,195,108 2, 505, 622
100,790
14,506
313,392
395, 501
72,733
32,022
715,379
779,751
495, 243
334,747
258, 681
117,170
3,180,623
377,996
1,381,979
37,168
24,419
20, 517
289, 590
70,875
230,444
8,571,300
638
320
825
32
160
17
37,159,000 1,992
316
3, 621,000
181
2,026,000
220
4,345,000
149
2,310,000
395
3, 658,000
238
3,526,000
237
3,075,000
197
2,132,000
175
2,967,000
931
8, 670,000
233
1,806,000
367
3,043,000
9 A A A ru\n
ooo
392,440
404, 707
256, 228
5,013, 319
637, 837
1,866,769
ObligaCorporate
tions of
Other
stocks,
States
bonds, including
and polit- notes, stocks of
ical sub- and de- Federal
divisions bentures
banks
1
1A(\ C A 7
21, 735
34, 887
4,455
2,618
3,495
1,057
3,515
4,052
2,502
1,043
3,223
17, 933
1,199
2,662
Investments
Balances
and
with other
Real other
Cusbanks,
Bank estate assets tomers'
including piemises owned indi- liabilowned, other rectly ity on Other
Currency reserve
and coin balances furniture than repre- accept- assets
and cash
and
bank senting ances
items in fixtures prem- bank
outprocess of
prem- standcollection
ises or ing
other
real
estate
17, 615
9,563
6,402
103, 261
21, 612
60, 568
109, 740
78,486
47, 595
1, 253,998
135,353
499,998
9,003
6,511
4,153
76, 723
13,639
38,162
804
473
261
1,878
93
1,269
597
66
422
1,026
250
204
219,021
2,125,170
148,241
4,778
2,881
1,125
5,865
391
332
178
2,565
349, 517 10, 902, 218
119, 731
992,361
229, 778 2, 613, 670
11,170
90,144
45, 957
433,374
24,632
318,953
391, 281
80, 666
149,293
6,492
24,324
21, 204
780,785 15,350,720
59, 538
560, 639
23,054
236, 282
62, 650
563,494
23, 606
204,351
43, 971
623, 258
830, 559
63, 628
416,110
36,490
241,862
27, 804
699,056
46, 578
137,365 3,134, 690
279,466
19, 650
525,113
42,946
673,260 10.772
33, 599
971
10, 863
246
23, 991
533
7,823
305
30,363
821
42,455 1,582
14,745
701
10, 227
377
21, 631 1,070
142,060 7,836
8,642
76
13, 454
351
Total
15,848
806
32
1,501
947
723
27,544
2,975
21, 591
844,964
464,436
10, 572,598
1,345,115
4,441,422
16,686
55,281
18,657,171
5,210 334, 262 591, 679 61, 642,613
7,436, 268
460
279 24,689
15, 865
8,486 47,793 15, 611, 613
1,036
4
815,758
2,195
293
525 38,842
2,809,347
1,150
1,493,178
3,929
24,014 343, 556 509,132
3,533
148
5,608
925
2,475
176
11,397
8
2,044
179
50
5,973
2,816
1,093 10,338
241
1,461
4,530
501
909
1,862
3,031
7,942
5,032 23, 706 28,933
30
1,320
260
52 3,076
"In"
89,808,777
2,904,158
1, 215, 263
2,638,065
926,886
2, 556,606
3,550,385
1,827, 628
1,093,418
2,767,877
10,809,762
1,134,572
2,187,799
B
2
3
i
s
Ohio
Indiana
Illinois
Michigan
Wisconsin..Minnesota
Iowa
Missouri
Total Middle
Western StatesNorth Dakota
South Dakota
Nebraska
Kansas
_.
Montana
Wyoming
Colorado
New
Mexico
Oklahoma
Total Western
States
Washington
Oregon
California
Idaho
.Utah
Nevada
Arizona
Total Pacific
States
Total United
States (exclusive of possessions)
Alaska
Canal Zone
(Panama)
Guam
The Territory of
Hawaii
Puerto Rico 3_
American Samoa.. .
Virgin Islands of the
United States. __
Total possessionsTotal United
States and pos-
4,090,056
1,431, 692
5, 594,424
2,926,943
1,437,229
1,652,157
1,150,072
2, 235,871
183,325
57,079
410,122
62,666
93, 549
118,199
33,678
103,773
20, 269
4,607
28,995
11,849
4,113
4,520
2,276
20,990
179, 697
84,008
149,928
130,119
59,323
45,378
43,872
64, 581
2,010,317
872,728
3,482, 207
1,491,085
669,063
743, 554
517,093
1, 416,417
80,163
33,499
59,154
69,961
28,164
22,183
14, 291
36,754
203
322
1,788
693
538
958
290
1,136
13,389
708
7,350
4,909
1,509
3,894
2,531
2,170
1,055
134
3,882
83
51
1,385
43
1,787
30,816
8,396
47,871
21,848
10, 243
9,937
3,016
14,564
11,020,885
4,531,033
16,820,650
8,411,164
4,019,146
4,039,438
2,917,112
5,871,882
3, 505, 550 1,062,391
97, 619
756, 906 11, 202,464
344,169
5,928
36,460
8,420 146,691
57,631,310
48, 378
28,176
108, 446
215, 509
40,304
15, 916
60, 546
17, 211
167, 212
22,078
10,483
24,822
29,435
19,021
4.892
16,359
2,097
42, 227
479
555
1,964
2,085
756
416
2,368
508
3,086
7,355
7,844
17,033
28, 610
9,663
5,382
21,033
10, 786
29, 610
86, 769
102, 546
359,402
475,266
143,390
84, 220
394,464
145, 781
678, 875
3,891
3,892
9,155
11,796
6,010
2,248
8,148
5,981
17,705
245
181
432
328
545
432
452
236
774
238
154
1
194
145
2,906
979
1,312
1,629
3,134
2,509
1,659
619
5,232
631
3,512
670,985
638,014
1, 639,809
2,195,461
747, 238
359,182
1,732, 521
558,824
2,439,380
3, 599, 780
701, 698
171,414
12, 217
137, 316
2,470, 713
68, 826
3,625
3,638
979
20, 287
10,981,414
743,463
633,193
5,994,400
201,911
274,923
118,249
215,436
198, 526
171, 595
1,260,905
24,827
41, 226
11, 733
48, 972
75,377
17, 495
368,848
3,184
6,255
6,738
18, 551
3,869
2,747
38,580
697
931
397
1,153
33, 729
18,712
176,674
7,865
9,581
6,926
16, 953
541, 548
311,085
3, 512, 664
91,585
182,267
42,434
130, 553
29,873
21, 681
178,566
6,039
4,306
4,740
12,812
778
334
2,506
115
97
25
991
623
1
29, 501
27
5,574
232
94
38,646
8,235
9,301
87, 570
502
775
1,254
5,407
2,942,763
2,020,797
20,829,248
577,740
881,209
313,370
825, 542
8,181,575
1,757, 784
496,448
48,374
270, 440
4, 812,136
258,017
4,846
40,141
39,192 113,044
28,390,^669
9,122,000
4,401,000
9,500,000
7,360,000
3,750,000
3,215,000
2,728,000
4,180,000
626
477
919
420
557
681
665
603
44, 256,000
4,948
649,000
684,000
1,398,000
2,087,000
646,000
314,000
1,575,000
804,000
2,189,000
154
171
420
601
113
53
164
51
385
215,720
229,893
567,507
722,781
265, 522
108,480
669,266
190,850
820,902
284,758
252,815
547,914
706,904
260, 214
136,576
554,459
184,548
671, 592
10,346,000
2,112
3, 790,921
2, 602,000
1,697,000
13,302,000
617,000
798,000
234,000
1,006,000
107
50
149
36
51
6
11
1,306,510
834,559
9,140,388
240,988
355, 274
120,874
370,079
20,256,000
410
12,368,672
3,777,772
1,827,002
5,975,066
3,104,312
1,487,491
1,179,759
929,639
1,665, 227
20,518,444 19, 946, 268
633,823
210, 858
1,059.863
586, 696
227,873
257, 514
220,311
308, 612
4,415
220
o
o
o
o
i
166,742,000 14,223 100,054,919 70,050,239 13,334,415 6, 212, 546 1,123, 299 2, 816,119 44,985,871 1,882,774 45,683 123,644 439, 621 933, 766 242,002,896
173,000
18
45,932
69,725
1,127
8,353
1,735
10
10
1
206,600
253,190
133
117, 213
63,013
963
24,000
3
4,931
6,803
3,087,000
42
520,266
259,452
38,000
50,000
513,000
2,269,000
20,000
(0
(2)
6,463
6,183
23,061
31,492
6,956
8,511
61,016
21,658
8
1,095
8
1,103
7,961
21,836
2,005
3,725
1,323
1,060
27
32
227
23,173
20,135
54
62,347
33,153
455
7,889
5,294
2
749
1,143
39
57,120
120,021
15,488
176
303
57
293
370
3
896
306
330
1,083
1,413
209
160,801
13, 207
14,034
20,886
24,021
1,833
13,962
11
450,793
430, 203
1,618
120
13,793
43,376
1,102,115
M
I
o
169,829,000 14,265 100,575,185 70,309,691 13,395,431 6, 234,204 1,124,402 2,873,239 45,105,892 1,898, 262 46,579 123,950 441,034 977,142 243,105,011
* 2 branches of a national bank and 2 branches of a State member bank in New York.
2 Branch of a national bank in California.
3 Asset and liability items include data for branches of a national bank and a State member bank in New York.
CO
TABLE NO. 38.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1955 {includes national, State
commercial, savings, and private banks)—Continued
>—»••
^3
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
334,694
219,911
128,796
4,230,076
639,887
1,673,295
Time
deposits
548,299
526,870
5,220,022
684,588
2,348,590
Bills payable, reTotal
discounts,
and other
deposits
liabilities
for borrowed
money
746,781
418,124
9,450,098
1,224,475
4,021,885
250
1,199
100
1,578
300
2,100
7,126,659
9,617,697
16,744,356
5,527
31,739,869
3,563,636
8,790,758
500,796
1,563,154
1,054,811
23,318,195
3,285,996
5,154,260
227,008
1,007,441
321,539
55,058,064
6,849.632
13,945,018
727,804
2,570,595
1,376,350
36,356
351
48,150
47,213,024
33,314,439
80,527,463
86,107
1,741,371
785,949
1,895,472
734,986
1,885,917
2,661,049
1,091,376
2,446,038
853.129
•2,332,554
3,294,523
1,681, 554
1,017,007
2, 571,994
9,996,263
1,044,667
2,006,777
2,637,988
1,654
3,225
950
1,333,709
841,469
2,174,424
8,595,895
874,754
1,671,616
1,941,746
919,678
305,427
550,566
118,143
446,637
689,125
347,845
175,538
397,570
1,400,368
169,913
335,161
696,242
27,082,706
6,552,213
33,634,919
1,250
Acceptances
executed
Other
Capital
by or for
account of liabilities stock i
reporting
banks and
outstanding
43,821
46,594
14,699
18,491
878
32
7,097
6,662
3,375
111,626
13,077
38,054
19,408
8,226
11,076
128,233
17,905
58,437
537,708
70,109
205,000
32,075
30,368
11,108
297,597
17,960
102,448
19,401
179,891
243,285
917,931
491,556
55,224
356,695 1,067,200 1,060,744 3,010,541
279
64,048 137,198 281,514
8,732 150,467 350,118 892,186
14,844
55,867
6,956
4
42,041
109,476
21,015
525
29,240
15,234
51,910
913,763
77,647
188,679
9,482
56,046
15,921
139,250
366,235 1,324,920 1,634,185 4,401,494 1,261,538
206,835
104,837
54,679
116,464
31,240
77,969
95,464
59,053
52,663
77,348
312,295
34,449
84,382
94,344
38,976
21,870
27,639
10,554
36,412
28,834
27,221
1,830
29,809
112,665
22,367
31,790
40,187
6,584
5,751
9,733
2,431
22,500
12,212
5,497
1,118
2,778
30,149
3,461
4,299
5,845
809,704 1,195,187
430,154
112,358
200
17,000
2,190
25,377
265
625
96
2,288
25,972
7,446
48,643
6,719
32,500
29,599
13,455
4,612
16,242
58,150
3,987
15,177
24,390
30,884
33,457
286,892
375
4,400
Reserves
and retirement account
Surplus Undivided for preferred
profits
stock and
capital notes
and debentures
148
171
8
50
1,093
328
64,938
30,916
38,427
22,805
54,246
84,260
40,520
20,988
272,673
25,641
45,013
60,469
2,992
5,134
5,954
27,267
411
13,466
28,263
801
4,523
i
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)
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States
Total possessions
Total United States and possessions
3,670,608
1,211,086
4,117,121
3,078,541
1,447,910
1,333,857
720,125
966,769
10,200,430
4,211,746
15,549,885
7,808,050
3,729,819
3,704,474
2,682,327
5,410,995
690
100
3,699
50
169
980
258
2,130
1,055
134
4,949
83
51
1,393
43
2,079
93,118
34,318
129,847
100,155
17,327
35,814
6,751
45, 567
375, 769
122,460
491,435
227,161
128,934
133,082
88,005
159,117
121,057
73,227
172,455
102,426
57,794
56,946
69,951
102,990
9,269
11,142
99,558
18,823
7,870
21,140
10,634
12,191
36, 751, 709 16, 546,017
53, 297,726
8,076
9,787
462,897 1,179,388 1, 725,963
756,846
190,627
423,683
440, 512
1,335,981
1,727,632
564, 593
253,317
1, 213,069
414,710
1,948,826
191,611
148,707
163,103
300,685
137,110
79,986
385,453
112,157
282,317
615,294
589,219
1,499,084
2,028,317
701,703
333,303
1, 598, 522
526,867
2,231,143
500
11,015
979
3,929
3,526
7,513
7,607
5,375
1,791
14,478
2,852
12,260
12,873
12,011
38,543
45,039
13, 743
4,498
38, 782
10,590
52, 740
17,355
16, 728
49,217
66,455
15,628
11,263
49,474
9,992
72,182
13, 771
13,980
28,024
44,233
9,103
6,868
24,700
2,962
53,695
7,263
2, 550
8,068
3,294
936
1,459
6,038
5,561
5,366
8,322,323
1, 801,129
10,123,452
22,668
979
59,331
228,819
308, 294
197,336
40,535
1, 718,891
1,151,392
10, 943,994
374,865
556,864
196,812
567, 592
996,464
704,274
8,184,113
167,655
264,117
93,813
186,823
2,715,355
1,855,666
19,128,107
542,520
820,981
290,625
754,415
10,000
238
126
39,824
220
29, 534
26,932
423,508
2,622
7,796
3,785
13, 565
52, 565
43,910
407,808
13,028
17, 268
7,805
18, 585
94,135
55,849
527,009
14,391
20,904
7,240
29,117
46,082
37,818
280,030
4,223
12,355
3,865
8,930
4,854
496
12,962
956
1,905
50
710
40,408
507, 742
560,969
748,645
393,303
21,933
470,267 2,821,673 4, 656,350 9, 297, 514 3, 530,733
627, 512
6, 529,822
3,000,660
11,432,764
4, 729,509
2,281,909
2,370,617
1,962,202
4,444,226
_
-
527
15, 510,410
10, 597, 259 26,107,669
10,000
142,006,831
78,428, 754 220,435, 585
163,262
94, 725
19,066
13, 793
224,069
200,022
990
4,385
56,800
1,816
9,739
181,643
140,116
439
8,385
151, 525
20,882
23,532
405,712
340,138
1,429
12,770
200
10, 733
955,988
10,933
142, 563,881 78,827,692 221,391, 573
174,195
557,050
398,938
i Includes capital notes and debentures. (See classification on pp. 174 and 175.)
9,360
516
750
219,497
77,906
368,822
154,416
77,182
85,609
59,143
136,813
2,845
3,335
1,813
705
12, 298
34,977
100
400
16,137
9,882
50
200
6,207
1,927
9
215
5,430
1,608
14
45
10,171
7,802
471,680 2,857,257 4, 706,970 9,327,118 3,540,904
635,314
330
1,083
1,413
578
4
489
4,479
29,855
16
163
35,584
50,620
29,604
o
o
i
H
O
d
TABLE N O . 38.—Assets and liabilities of all active banks in the United States and possessions, Dec. SI, 1955 {includes national, State commercial, savings, and private banks)—Continued
[In thousands of dollars]
Loans and discounts
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England
States
New York
New Jersey
Pennsylvania
Delaware..
Maryland
District of C o l u m b i a Total Eastern StatesVirginia
West Virginia
North Carolina
South Carolina
Georgia.
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Commercial and
industrial
loans (including
openmarket
paper)
49,993
28,146
1,326,099
156,314
313,571
Loans to
farmers
directly
Loans to
guaranbrokers
Other
teed by loans to
and
the Com- farmers dealers
in secumodity
rities
Credit
Corporation
167
"164
9,420
3,018
13,314
9,461
1,918
7,565
2,347
1,318
400
47,065
4,056
9,612
44,696
Other
loans for
the purpose of
purchasing or
carrying
stocks,
bonds,
and
other securities
2,996
1,580
3,231
39,961
2,472
11,881
Real-estate loans
Secured Secured
by farm by resiSecured
land (in- dential by other
cluding properties proper(other
improveties
than
ments)
farm)
7,529
177,797
4,222
245,207
17,211
131,061
10,176 2,548.928
2,691
319,675
9,650 1,136,353
Allother
Loans loans (including
to
overbanks
drafts)
71,223
45,260
38,677
583,392
93,422
276,613
7,945
3,300
4,400
51,479 4,559,021
1,108,587
15,845
2, 701,175 386,194
661,617
1,370, 759 6,972
85, 746
207,995 1,300
166,117
250
35,572
50,831
24,117
437,612
44,877
97,377
1,957,292
331
64,798
62,121
10,503.465
539, 525
2,323,019
92.887
195,941
205,409
13,150
197
857
468
89,086 2,257,497
58,599
15.107
69,396
98,221
3,099
5,680
15,166
24,178
134
10,195
618, 764
139, 205
3,769
70.914
3,867
51,344 11,644,308 1,658.386
12,259 1,405,159 210,177
67,910 1,860,032 367,146
17,811
9,183
97,977
80.643
23,735
354,149
119, 524
41,244
2,983
13.860.246
15,010
191,988 2,454,370
856,415
167,414 15,481,149 2,375,407
325, 529
650~
74,796
402,293 "~4,~349"
14.919
101,645
416, 592
34,006
461,353
129
35,104
213.932
55. 722
123,458
26,169
358, 754
2,092,856 244,539
91, 593
86,747
235,816
4,025
478,444
30,557
7,956
202
35,806
761
8,558
4,843
3.516
1,216
17,059
26.995
3,308
6,420
7,405
Other
loans to
individuals
39,117
11,010
36,008
9,907
39,476
16.444
18,569
22.382
20,771
39,379
18.994
57, 778
43,905
257,976
122,316
95,292
38,536
129,914
132, 287
79,539
36,229
108,546
228.324
35,906
128,594
108,354
68,496
31,958
61,296
20,947
50,057
82,573
27.345
19,077
59,103
146,553
21,306
44, 587
45,308
200
Total
gross
6,197
4,631
2.491
67,471
17.807
19,146
396,417
406,260
258,812
5,078,110
646, 532
117,743
8,672,299
737,970 30.661,339
47,036 2,969,572
190, 288 6,493,805
5,251
321,871
40.349 1,014,708
35,367
585,090
5,193,409
1,056.261
42,046,385
385,823
135,174
333.820
97,037
312,575
344,371
203,011
82,150
169, 500
938,504
94,673
211,924
348,196
33,001
8,694
22. 447
9,773
29, 581
32,691
27,804
9,268
65,969
131,444
3,313
25,359
1,173,119
399, 411
1,047,232
309,200
1,079, 442
1,129,085
646,358
382.057
856, 291
4,244,354
398,476
791,012
1,157,815
272
3,488
547
32
118
859
1,196
21
1,993
valuation
reserves
3,977
1,553
2,584
64,791
Net
loans
19,399
392,440
404,707
256. 228
5,013,319
637,837
1,
100,999
8,571,300
507,060 30,154,279
52,358 2,917,214
106,054 6,387, 751
2,417
319,454
10, 241 1,004,467
5,410
579,680
41,362,845
16,895
3,742
11,793
12,573
11,631
6,845
9,447
49,246
2,975
11, 261
17,008
1,161,303
393,528
1,030,337
305.458
1,067,649
1,116,512
634,727
375, 212
846,844
4,195,108
395,501
779, 751
1,140,807
W
eo
§§
*k
K
T
§
Total Southern
States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota _
Iowa
Missouri
Total Middle Western States
5,377,061
536,916
622,487
124,045
304,890
373, 740
1, 501.843
678,606
1,109,133
335,687
2,858,895
782,027
414,792
463.5C8
226.373
787.628
20. 586
21.913
61,025
6,964
468
56,431
87,920
45,917
88,271
99,463
238,416
73, 723
87,889
162, 718
303,119
137,052
125,951
15,723
287.622
18,639
18,176
0,120
2,869
35,446
157, 510
15,033
179,068
32. 718
24,812
15,385
8,847
38, 573
100. 511
59,840
53.274
48,980
72. 193
60,014
68,173
51, 266
1,211,125
450,568
712.018
960,165
447, 249
480, 539
222,155
490,117
236, 227
83.647
169.302
185,680
109,352
72, 526
54,198
118,938
962,990
346,452
926, 770
796,171
222,241
307, 512
169,978
486,999
291,224 1,190,651
510, 546
471,946
514, 551
4,973,966 1,029,870
4, 219,113
6,978.103
39,105
25, 043
5,211
7,024
54,890
37,846
1,157
47,806
,L North Dakota
34, 750
50,902
8,170
691
5,041
75
26, 631
35, 620
69,617
ts South Dakota
88, 928
150,950
44,355
21,054
5,119
12,918
3,539
179,098
40,879
Nebraska _ _
193, 352
140, 790
175,418
78,116
22, 283
5,258
24. 921
6,153
70,175
Kansas
48,971
50,026
67, 705
52. 229
8,994
1, 23G
3,477
550
34, 537
Montana
26,083
28,415
19,083
22,935
8,053
828
1,882
1, 511
Wyoming
214, 636
106.257
172, 733
97,942
40,615
3,899
7,716
754
6,650
Colorado
60, 551
27,307
46,960
24,094
11.902
2,027
3,320
5,710
9, 258
New Mexico
384,188
88,034
197,682
53,990
33, 700
4,718
17, 247
3,443
20,059
Oklahoma
462,409
807, 736
159,982
24,933
20,224
83, 546
TotalWestern States- 1,139,394 264, 590 771.978
271, 400
51,351
Washington .
83, 210
4,735
18,899
6,418
30, 378
407,077
417,040
189,644
226,241
48,019
1,800
42,810
294,343
18,182
2,473
2,903
Oregon
262,274
487.653 1,603,694
58,538
104,470 3,401,093
9,035
2,971,654
75,186
California __
40,907
52,199
3,866
11,035
77,140
10,634
892
112
45,245
Idaho
30,203
8,502
1,375
72,055
3,748
98,410
27,584
4,521
103,620
Utah
5,540
1 012
500
41,549
35,071
11, 536
789
22.208
Nevada
104,616
84,148
5,401
436
5,809
110, 436
385
3,344
53,558
Arizona
60, 535 486,643
674,037 2,335,157
71,660
158, 275 4,329,180
88.873
Total Pacific States - 3,964, 546
Total United States
(exclusive of pos33, 276, 642 1,168.606 3,308,443 3,262,856 1,791,965 1,349,005 31,307,568 5,608, 288 17,320, 760
sessions)
147
Alaska
7,627
12, 296
14 374
65
260
300
11,717
130
Canal Zone (Panama).
995
Guam .
3,350
5
2,082
2,778
The Territory of Hawaii .
22,851
19
2,626
40, 759
22, 247
89,126
24, 267
743
42,963
531
15,263
122,438
39,140
9,851
5,318
Puerto Rico
7
69
American Samoa
58
Virgin Islands of the
141
3
892
2,014
419
1,346
United States
82,390
147,432
23,447
6,462
18,044
178,952
42,164
326
Total possessions
Total United States
33,455, 594 1,168,606 3,326, 487 3,263,182 1,815,412 1,355, 467 31,455,000 5,650,452 17,403,150
and possessions
425,443
13,613,852
171,115
13,442,737
3
5,953
148
2,015
145.169
23, 758
212.076
62,558
69,193
39, 735
19,188
65,877
4.158, 215
1,452,084
5,699,647
2,967,625
1,466,668
1,670, 501
1,162,968
2,259,858
68,159
20,392
105,223
40,682
29,439
18,344
12,896
23,987
4,090,056
1,431,692
5,594,424
2,926,943
1,437,229
1,652,157
1,150,072
2,235,871
20,042
637,554
20.837,566
319,122
20,518,444
1,232
1,221
3,432
27,497
10,979
2,368
716
24,843
3,401
23.393
219. 303
234,929
575,659
727,830
270.093
109, 506
676,415
194, 530
827,686
3,583
5,036
8,152
5,049
4,571
1,026
7,149
3,680
6,784
215, 720
229,893
567, 507
722,781
265, 522
108,480
669, 206
190.850
820,902
3,309
97,850
3,835,951
45,030
3, 790,921
44
32,364
14,329
166, 519
2,347
9,G81
3,258
4,686
1,322,916
840, 744
9,267,992
244,377
359,099
121,463
372,819
16,406
6,185
127,604
3,389
3,825
589
2,740
1,306, 510
834, 559
9,140,388
240,988
355, 274
120,874
370,079
232, 584
12,529,410
160, 738
12,368,672
3,656, 758 12,063
742
11,181
1,322
385
370
127,876
127,920
573,895 2, 567,435 101, 535,463 1,480,544 100,054,919
567
2
138
47,353
1,127
8,353
1,421
45,932
1,127
8, 353
828
4,678
17, 755
6
207,316
254,094
133
716
904
206, 600
253,190
133
116
4,931
828
23, 262
523,307
3,041
520,266
4,931
574,723 2, 590,697 102,058,770 1,483,585 100, 575,185
TABLE N O .
and liabilities of all active banks in the United States and possessions, Dec. 81, 1955 {includes national, State commercial, savings, and private banks)—Continued
38.—
[In thousands of dollars]
Capital
Location
IndividCapital
notes PreCommon uals, partstock
nerships,
and ferred
and cordeben- stock
porations
tures
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.. 49,721
Virginia..
West Virginia—.
North Carolina..
South Carolina..
Georgia
Florida.
_.
Alabama..
Mississippi
Louisiana
Texas
Arkansas..
Kentucky.
Tennessee
Total Southern States.
241,882
States Banks Banks
Postal
and
in
in
sav- political United foreign
States counings
subdivisions
tries
976,902
340,441
304,237
20,026
136,935
174
3,564,392 1,193, 211 1,659,620 21,669, 654 72,234
88,916
108,218 3,236, 573 7,550
607
697,844
23,115 143, 783 5,060,235 4,672
925
5,973
10, 570
216,258
103,469
1,141
12,974
977,662 9,242
68,612
31,630
284,042 19,197
6,649
1,088
20
1,025
265, 526 227,166 1,083,615
41,569
25
279
4,534
82,430 1,301
9,825
20,492
25
17,275
36,377,988 1,335,597
1,778,715
4,529,206 1,224,723 1, £66,795 31, 444,424 113,820
2,133
419,842 228,771 1,105,449
200
9
598
17
2,149
22,805
54, 213
84,060
40,511
20,390
48,791
272,673
25,641
44,963
60,469
807,472
19,727,949
228,005
1,876
457,554
30,866
33,386
14,399
239,992
30
493,858
7
924,342
101,744
224,717
15,184
43,854
25,756
1,313,485
581,077
1,392,004
575,798
1,369,367
1, 921.933
1,017,280
630,951
1,350,684
6,259,808
691,429
1,315,272
1,308,861
31,837
1,519
18
10,156
543,370
10,176
526,022
3,740
286,078
108,172 5,171,061
24, 475
682,362
71,286 2,343,729
15
4
1,631
174
45
5, 673,864
7,430 1,577,034
11,597
12,867
2,177
398,930
13,352
54,935
652
475
341
8,835
1,714
2,382
2,271 1,015,932 23, 421,402
4,442 125, 576 2,923,710
260 349,858 7,397,062
449,043
14,844
41, 584 1,264,781
457
29,240
921,990
1,245
50
States and
Certified Individ- U.S.
political Banks in Banks in
uals, part- Govand
United
ernsubforeign cashiers' nerships,
States
divisions
countries checks, and cor- ment
porations
etc.i
31,631
21,581
13,217
265,331
41,375
84,419
1,403
42,541
7,180
271,660
168,243
105,568
3, 265, 543
446,723
1,416,127
Time deposits
7,044
4,094
160,263
12, 443
46, 510
100
468
835
19,308
8,226
10,608
127,398
17,905
58,437
U.S.
Government
Demand deposits
40, 537
26,622
45,404
21,005
42,454
36,660
28,653
14,785
29,877
149,190
13,269
36,107
40,145
149,085
87,056
139,434
99,832
199,992
291,836
168,091
121,677
472,521
561,884
87,442
110,769
180,627
195,941
51,223
285,826
26,936
242,464
313,611
104,029
69,295
281,979
1,431,380
73,615
194,654
391,026
524,708
2,670,246
3,661,979
12
9,552,622
4,250
358
2,863
10,090
338
1,672
762
19,571
979
20
42
155
27
1,632
41,985
825,174 20,413 2,377
333
39,971
301,855 1,054
32,720
440,968 4,540 8,105
12
11,415
109,014 5,202
31, 519
430,177 5,629 1,338
36,785
568.416 9,477 3,008
15,279^ 342,093 3,550
44
4,761
173,649 1,568
33,080
378, 526 1,474
436
171,891 1,099,205 20,914 1,189
8,999
166,454
499
769
14,787
312,290 3,725
20
19,455
667,119 3,859
243
70,227
1,805
95,173
1,270
8,720
103,269
953
296
14,759
273,046
2,001
18,999
23,273
1,487
380
1,780
2,645
773
2,955
1,205
25
875
5,014
190
127
1,748
35,177
462,647 5,814,940 82,174 17,604
613,791
19,204
84
121
4,573
377
6,283
21,742
28,250
28,250
2,000
1,500
1,000
4,500
Ohio
—
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wvominff
Colorado
New Mexico
Oklahoma
Total Western StatesWashington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States
(exclusive of possessions)
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii.
Puerto Rico
American Samoa
Virgin Islands of the
United States
Total possessions ___
Total United States
and possessions
1
160
287
440
425
1,312
365
25
1,500
2,850
1,835
100
723
370
3,494,951
1,198,665
3,932,262
2,985,926
1,427,700
1,305, 768
717,579
950,560
4,524
4,092
10,191
2,994
7,186
538
1,385
2,809
921
2,506
1,278
61
1,252
289
206
617
169,686
3,957
162,791
89,311
11,296
26,783
919
12,471
526
1,866
300
249
476
479
36
312
603, 211 16,013, 411
33,719
7,130
477,214
4,244
135,326
137,061
162, 556
296,959
136,437
76,000
360,493
91,179
273,217
484
1,177
99
3,010
86
1,505
2,907
4,247
5,835
7
7
34
58
9
23
10
344
112
55,794
10,462
414
640
568
2,458
22,038
16,387
2,128
18
10
120
4,824
3,735
12,027
15,816
6,725
2,536
16,956
6,415
39,899
f,025
204,886
72,966
335,446
188,853
65, 570
65,648
49,962
94,425
454,265
408,268
609,537
409,731
143,196
212,487
255,829
346,836
386,915
123,185
1,359, 293
237,918
146, 538
344,790
139, 780
798,406
6,842
439
40,034
6,847
628
4,065
28,630,195 1,077,756
5,335,517
2,328,437
8,923,539
3,803,709
1,880,325
1,710,253
1,486,004
3,162,411
4,718
141,397
67,365
164,915
82,451
45,652
33,374
30, 627
37,430
2,840,149
3, 536,825
63,573
327,922
358,492
1,027,116
1,185,960
442,999
187,309
968,113
288,268
1,430,871
8,204
8,436
36,284
33,592
9,155
4,664
31,432
16,070
38,678
71,403
58,835
108,146
386, 574
76,699
44,865
80,733
87,439
212,413
11,317
11,014
152,396
105,690
29,015
13,943
115,740
16, 518
226,845
13
12
5
12,873
11,963
38, 523
45,019
13,743
4,368
38,782
10, 578
52,735
187
228, 584
6,217,050
186,515
1,127,107
682,478
240
108, 933
1,669,228
19,350
604
110,889
1,058
52, 565
43,910
406,522
13,028
17,158
7,805
18,585
1,418,855
907,240
8,850,056
280,422
378,447
146,624
440,455
38,316
19,800
244,644
12,773
19,163
3,965
9,067
165,112
162,838
771,973
70,563
100,195
40, 207
92,915
67, 553
29,386
440,472
7,068
52,057
1,720
9,667
6,152
1,942
177,443
979, 963
656, 717
7,301, 505
166,676
259, 553
87,153
183,777
5,624
54
48,567
968
2,357
2,227
1,953
14
14
238
11
1,030
1,416
46, 421
660,367
447
1,068
10,189
26
927
4 433
1,067
250
3,766
22, 903
30,186
459,406
4,039
6,999
4,296
11,722
559,573
12,422,099
347,728
1,403,803
607,923
189,306
539,551
9,635,344
61,750
1,333
714,631
11,954
7,768 1,170,308
48
20
20
130
48
218,972
77,594
367,322
151,566
74,907
85,509
58,420
136,018
1,286
110
1,396
12
95
3
51,164 20,333 4,584,853 109,049,145 3,712,296 10,277, 574 13, 512,269 1, 546,405 3,909,142 74,129, 969 325,212 30,680 2,355,938
2,845
12,298
34, 977
100
64,004
8,117
4,772
167,328
138,105
310
17, 519
10,803
5,376
28,719
12,863
248
10,409
1,763
3,958
6,828
400
2,681
284
1,384
1
50,620
385,317
75,812
67,928
12, 550
34,347
1,816
5,875
172,704
93,485
404
1,085
571
50
1,030
62
488
3,020
9,014
4
35
5,354
1,790
13,653
313,985
84
3,157
19,959
32,641
378
10,299
10,299
5
9,000
163,247
172,247
266,210 1,320,745
13,179
27
9,247
1,764
336
690
610
40
2,100
7,977
44,518
35
3,028
2
1
15,969
677
66, 905
1,401
1
16
1,383
51,164 20,333 4,635,473 109,434,462 3, 788,108 10,345, 502 13, 524, 819 1, 548,195 3, 922, 795 74,443,954 341,181 31,357 2,422, 843 267,611 1,320, 746
Includes dividend checks, letters of credit and travelers' cheeks sold for cash, and amounts due to reserve agents (transit account).
TABLE N O .
39.—.
and liabilities of active national banks, Dec. SI, 1955
ASSETS
[In thousands of dollars]
Loans and
Num- discounts,
ber of including
banks
overdrafts
Location
Maine
New Hampshire
Vermont
_
Massachusetts
Rhode Island
Connecticut
Total New
States
31
51
34
110
5
122.194
109,462
71,319
1,611,160
254.665
432,336
96. 526
74,121
51, 265
934, 528
138, 554
347,930
11. 796
15.045
9.049
146, 205
43, 268
104,624
270
2.601,136
1,642,924
329,987
England
New York..
New JerseyPennsylvania
Delaware
Maryland
District of Columbia
-.
Total Southern States. __
3,913
3,719
51,086
2,240
16,186
Balances
with other
Corpobanks, inrate
cluding
stocks,
including Currency reserve
stocks of and coin balances
and cash
Federal
items in
Reserve
process of
banks
collection
53,632
58, 331
28,252
825, 541
68, 839
251,601
3,632
2,615
1,844
32,132
7,544
11,811
212
101
106
279
46
592
14,398
98,951
1, 286,196
59, 578
1,336
71, 256
37,955
79, 218
558
8,501
13,059
1,096
620
1,756
2,816
336
8,953
83
178
3,733
243
30,388
5,409
22,063
101
1,707
1,530
85, 746 2, 087, 754
547, 649
62,820
125, 701 1, 471. 549
821
4,982
15, 586
221, 672
14, 384
207, 306
9.622, 610 6, 676.103 1.848,328
305,058
1,215
553, 292
61,198
88,259
28.017
38,117
25, 812
82,093
150,138
120, 111
34, 669
110,436
350. 939
58. 295
39,828
112, 466
31,053
7,637
14, 463
12.059
16, 893
23,171
23,813
2,718
17,0S6
95, 621
7,557
12. 738
18.627
2,884
1,287
1,211
850
2,060
3,481
2,148
555
2,603
14, 358
992
1,530
3,402
8, 424,311 6,197,539 1,239,180
283, 436
37,361
644,665
499, 573
203.817
255. 645
267. 004
202.804
195.025
184, 800
585,768
297. 026
732, 219
748. 293
467, 976
363,916
92,441
87,476
582. 697
647, 410
3,375.443 1, 941.320
200. 997
162, 484
278,048
290.149
798, 211
516. 643
Investments
and other
assets indirectly
representing bank
premises
or other
real estate
6,777
6,535
2,911
47. 455
10,134
25,139
225, 864
70,391
222, 483
759
13,190
20. 605
132
75
46
26
51
82
69
27
41
446
54
89
77
Real esBank
tate
premises owned
owned,
other
furniture
than
and fixbank
tures
premises
542
341
9,700
1,237
1,942
304 4, 552, 558 2, 538,149 837,671
188 1. 252,961 1,127,653 323, 707
522 3,122.896 2, 342, 645 592. 289
9
12.819
2,503
13,703
57
349,835
64,922
333,394
8
347.098
305, 002
27, 236
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georeria
Florida.
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
ObligaU.S.
Govern- tions of
Other
States
ment obbonds,
ligations, and po- notes and
direct and litical
debensubguarantures
divisions
teed
4, 540, 912 210, 547
31, 705
331,030
14,321
136,121
14, 895
157. 843
11, 958
135. 070
16, 747
370, 240
40, 019
623,137
23,460
320,693
71, 686
6,387
494,182
22, 077
89.827 2, 597, 766
150, 204
8,572
211, 842
16, 407
543,
606
32,873
329,248
6,143, 420
18.133
6,332
7,838
4,899
18, 795
27,117
11.134
3,017
15,001
115, 568
5,032
6,634
20. 340
621
190
285
237
184
863
557
102
827
4,359
44
134
389
259,840
8,792
Customers' liability on Other
accept- assets
ances outstanding
12, 348
703
14,661
713
22
306,040
270.894
169, 206
3, 6S5,6,Q9
528,821
1,194,698
8
15,396
17,642
6,155, 268
O
F
39, 839 78, 746 10,551,883
88 9,496 3,439.085
1,495 20, 655 8,011.703
34
36. 280
3^304 1,012. 488
51
1,518
937, 916
w
o
41,473 113, 753 23, 989. 355
3.463
1,269
1,489
1,413
2,795
100 7,070
241 3,937
210
2,975 6,286
23, 706 26, 467
1,013
1,556
3,532
2.013
148
"l53"
2,414
1,234
500
550
4,825
30
193
10,450
Total
629
163
277
12, 577
1,581
2,415
312
123
285
100
g
29,336
1,652,237
654. 636
706.102
572,124
1,392,601
2,358.022
1,339,220
299, 761
1,902,130
8, 640,199
595,220
859,059
2,052,102
60, 500 23,023,413
Ohio
Indiana
Illinois
Michigan
Wisconsin..,Minnesota
Iowa
Missouri
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New MexicoOklahoma
286, 701
129.833
675.189
245,986
93, 379
165,127
78,203
104, 536
63, 823
36,744
247,163
29, 388
64, 261
50,105
13. 404
30,978
8,585
3,515
19. 885
7,781
2,861
4,314
1.299
4,411
77,045 1,046, 242
581, 834
46, 759
98, 638 2, 602. 928
877.812
59,110
349. 046
20, 428
585. 292
24. 623
216, 649
12. 050
641, 726
19,962
46, 052
23.009
38,820
31,336
13. 215
14,154
5.594
16, 546
109
223
710
419
200
675
243
979
2,576
22
1,628
4,781
1,264 11,132, 586 10,859,432 1, 778,954
535,866
52,651
358, 615 6,901, 529
188. 726
3,558
14. 595
107, 555
114, 621
356, 515
394, 505
130, 650
99. 946
397, 979
131, 290
544,115
14, 656
14, 493
87, 545
98,338
17, 637
10. 804
40,126
11, 720
135, 551
7,675
7,280
18, 614
25, 840
10, 027
3.713
14,885
1,359
37, 365
402
437
1,681
1,711
432
337
1,863
427
3,011
3,499
3,624
10, 647
14.018
4,813
3.807
13, 272
6,289
21, 209
47,052
55. 721
277. 470
292,946
74, 508
60. 772
292,871
110, 327
585,428
2,938
2,583
7,362
6,696
4,499
1,585
5,123
3,921
15, 456
241
171
363
79
171
390
230
226
734
2, 467, 354 2, 277,176
430,870
126, 758
10, 301
81.178
1, 797, 095
50,163
30
13
57
11
7
3
3
541, 770 170, 555
1,004, 000
560, 870 157,136
745, 013
6, 736, 441 4, 321, 875 948, 776
184. 390
162, 713
15, 874
137, 505
122,338
15, 200
85, 538
87, 494
9,308
284, 788
127, 222
34,204
37, 729
17,175
284, 549
2,774
3,031
6.354
11,043
3,286
2,673
32, 764
616
421
326
1,071
26, 661
486. 690
14. 753
284. 405
128,811 2, 613, 042
5,511
66, 924
3,846
82, 286
4,320
30, 758
10, 769
94, 671
124
9,177, 675 5,924,282 1, 351,053
362, 655
41,157
194,671
230
123
391
76
95
178
95
76
38
34
123
170
40
25
77
25
198
-..
Total Western States
730
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
1,835, 503
819. 452
4,121,051
1, 484, 210
638, 281
1,047, 080
316, 232
870, 777
111.833
128, 613
403. 416
373,010
128, 331
76. 885
446,856
135, 440
662, 970
1, 795,841
1, 032, 590
4,167,835
1, 579,192
648,875
704,005
293.922
637,172
Total United States (exclusive of possessions) _ - 4,691 43, 425, 672 33, 577, 456 6, 978,372 1, 948,845
Alaska
The Territory of Hawaii
Virgin Islands of the
United States
7
1
Total possessions
Total United States and
possessions.
35, 315
95, 648
1
3,091
9
134,054
54, 786
53,843
5,304
10,308
4,066
2,553
15, 612
6,621
4,721
113, 350
217,066 1,367, 721 24.327,928
6,498
13, 509
84,199
120
88
2,833
979
1,029
1.420
2,613
2.012
1,057
585
3,150
511
2,934
296,880
328, 963
1,166. 226
1, 209,346
372,125
258,824
1, 216, 475
401. 598
2,012. 585
2,605
3,232
979
15,311
7,263,022
25.418
19. 259
125, 683
5,029
1,008
3,324
9,101
729
313
2,050
55
8
22
399
475
28,212
23
4,000
232
94
31,150
188,822
3,576
37,025
957,676
23, 600
78, 536
522
886
20? 529
47, 262
4,435
217,074 1,388,250 24, 375,190
962, 111
8
17, 428
28, 948
31.917,482
6,771
1,575
2,857
3
8
2
4,700 43, 559, 726 33, 690,806 6, 993, 984 1, 955, 466
3, 658, 776
3,715
1,107
766
985 11.619 5,175.081
82 6.382 2, 680. 445
3,538 32, 492 12. 009, 877
13. 209 4, 333, 231
51
5,498 1,836,095
1,359
7, 753 2, 60S. 205
940. 519
1,777
39
710 5,466 2, 334, 029
109
109
23, 709
191
4,315
220
31, 696 87,061
78, 839
H3
o
i
21,058, 449
125, 651 378,466 113, 406,989
20
141
776
78
9,303
20
995
343, 298
303
303
7,069 2,304,614
8,850 1, 810, 541
65, 601 15,318, 954
444, 270
361
370,025
382
228,495
1,051
581, 550
3,747
o
125, 533
208,462
125, 671 379, 461 113, 750. 287
I
TABLE N O . 39.—Assets and liabilities of active national banks, Dec. 81,
1955—Continued
00
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut_
_
.._
_
Total New England States
New York
New Jersey
Pennsylvania.
Delaware
—
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida.
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
_
178,750
196,960
75,074
2,820,798
283,268
878,944
Time
deposits
96,117
46,516
75,865
485,756
199,114
222,121
Total
deposits
274,867
243,476
150,939
3,306,554
482,382
1,101,065
AcceptBills pay- ances exeable, recuted by
discounts, or for acand other
count of
liabilities reporting
for borbanks and
rowed
outstandmoney
ing
200
300
630
300
17,304
785
22
Other liabilities
2,537
1,096
1,916
48,015
5,357
12.573
Capital
stock i
Surplus
10,103
6,094
5,295
79, 779
11.130
28,472
11,235
12,249
6,119
173,163
21,160
35,924
Undivided
profits
Reserves
and retirement account for
preferred
stock
5,862
6,156
3,679
43,511
7,636
13,701
1,236
1,523
1,258
16,653
71
2,941
4,433,794
1,125,489
5,559,283
1,430
18, 111
71,494
140,873
259,850
80, 545
23,682
7,086,217
1,942,530
4,875,416
18,968
727,143
699,119
2, 269,006
1,238.591
2,242,419
12,971
207,382
169,405
9,355,223
21,480
151
26,465
43,065
88
1,591
295,935
600
51
261,171
27,972
75,380
40
5,442
7,658
71, 773
206, 582
975
16. 625
18,800
440.806
108,470
474, 798
2,475
40,685
32,300
124, 713
40,749
97,345
758
10,483
9,184
9,490
8,761
11, 707
93
4,077
1,450
15,349,393
6,139,774
21,489,167
48,696
377, 663
610,690
1,099,534
283, 232
35,578
1,030,032
433,830
512,788
468,180
1,096,857
1,786,656
1,002,981
223,118
1,530,902
6,885,404
456,151
647,367
1,459,403
487,778
159,288
134,010
62, 745
185,486
399,595
231,397
55,252
233,001
1,098,194
91, 695
141,781
438,071
1,517,810
593,118
646,798
530,925
1,282,343
2,186,251
1,234,378
278,370
1,763,903
7,983,598
547,846
789,148
1,897,474
1,525
2,100
550
33.354
15, 756
12,150
10, 266
25,848
53, 200
28,187
5,853
28,913
220, 563
13,655
18, 545
39,015
62,134
27,853
28,535
18,480
42,128
65,152
43, 765
13,375
55,075
259,438
19, 593
32, 830
71,553
21, 709
9,703
8,006
5,500
13,243
17,484
16, 530
364
21,056
81,699
9,319
10,364
23,536
3,900
2,126
1,596
12,663
9,769
4,751
394
619
21,056
1,503
2,170
3,438
17,533,669
3,718,293
21,251,962
505,305
739,911
238,513
66,678
3,181,121
7,117,835
31,939
934,525
868,524
4,200
100
328
17,000
2,000
3,842
25,377
2,013
11,657
3,413
7,784
5,357
16,376
21,866
11,281
1,405
11, 722
46,468
3,304
5,987
15,073
27,390
31,961
161,693
3
s
a
o
d
3
Ohio
Indiana
Illinois
Michigan
Wisconsin.
Minnesota
Iowa
Missouri
-
50
475
200
1,030
985
82
4,605
7
51
1,367
39
833
44, 797
20,094
94,593
55,067
10.125
30, 287
3,189
14,112
117,031
45.423
278,220
66, 794
31, 395
59.818
16. 623
47,113
171,089
71, 921
378,869
128,389
64,349
84, 699
26,729
64,871
67,467
38,054
105,655
42,501
18,707
30,962
18,376
32,802
4,667
8,171
58, 505
6,018
3,641
11,154
4,043
4,348
7,969
272,264
662, 417
990, 916
344,524
100,547
5,510
5.523
25,425
22, 542
7,258
2,970
25, 380
7,215
42. 670
7,881
9,063
33,122
34,887
7,632
7,855
36, 671
7,095
61,391
4,969
5,024
16,240
20,741
4,004
4,200
16.970
1,683
42,391
944
817
6,212
2,210
348
1,054
4,213
4,178
4,740
425
100
700
.
3, 433,763
1,862,351
8, 458,307
2, 747,752
1,164,067
1, 786,761
684,284
1, 869,581
Total Middle Western States
22, 006,866
7,528,999
29,535,865
2,980
198,159
225,687
959,387
981,369
278,994
182,328
869,954
301,479
1,639,318
76,047
79, 749
114,099
142,036
69, 571
58,874
255,547
77, 740
201,182
274,206
305,436
1,073, 486
1,123, 405
348, 565
241,202
1,125,501
379, 219
1,840, 500
100
10.000
979
3.270
3,100
5.291
5,461
3.668
1,543
7,740
2,208
9,914
5, 636,675
1,074,845
6, 711, 520
17. 300
979
42,195
144,493
205,597
116,222
24,716
O
O
1, 533,608
1,049,046
8,070,558
289,227
267,401
142,296
397,684
598, 627 2,132,235
1, 660,179
611,133
5,979,572 14,050,130
129, 383
418, 610
79. 777
347,178
69, 790
212,086
132,002
529,686
10. 000
238
126
32,238
23.589
25,397
358, 282
1,658
2,945
2,549
10.158
44,850
38, 935
282, 208
10, 225
7,050
5,375
14,125
64, 793
50,235
364,014
10,390
6,650
5,475
21, 585
37,488
35,569
213,165
2,768
4,938
2,960
5,776
1.421
100
8,917
619
1,264
50
1
Total Pacific States..
11, 749,820
7, 600, 284 19,350,104
10.000
32. 822
424. 578
402, 768
523,142
302,664
12,371
Total United States (exclusive of possessions)
76, 710,217 27,187, 684 103,897,901
107, 796
136, 637
1,349,887
2. 466, 546
3,818,950
1,365,700
263,572
2,235
7,000
150
1,226
1,788
94
370
2,175
45
_.
_.
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
The Territory of Hawaii
Virgin Islands of the United States
Total possessions
73,338
107,909
3,105
184,352
76,894,569
1,344,857 4, 778,620
634,249 2,496,600
2, 630,423 11,088, 730
1, 286, 703 4,034,455
543, 710 1, 707, 777
602, 682 2,389,443
871,320
187,036
299,339 2,168,920
45, 938
84,131
5,667
119, 276
192,040
8,772
135, 736
320,088
27,323, 420 104,217,989
6,450
100
650
220
20
20
107, 796
136, 657
498
1,439
92
1,928
4,000
150
2,029
6,078
9,385
3.108
2,590
1,351, 916
2,472, 624
3,828,335
1,368,808
266,162
o
Total United States and possessions
i See classification on pp. 182 and 183.
CO
TABLE N O . 39.—Assets and liabilities of active national banks, Dec. 81,
1955—Continued
[In thousands of dollars]
Loans and discounts
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Other
loans for
Loans to
Commer- farmers
the purcial and directly
Loans to pose of
Other
industrial guaranbrokers purchasloans (in- teed by loans to
and
ing or
cluding the Com- farmers dealers in carrying
opensecurities stocks,
modity
market
bonds,
Credit
paper)
and other
Corporasecurities
tion
44,239
40,482
14,503
1,002,718
86,257
161,905
Total New England States. 1,350,104
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
119
4,878
2,592
5,849
6,870
1,719
2,923
1,022
1,318
16,339
2,645
2,975
1,827
1,459
1,192
10,433
820
4,327
Real estate loans
Secured
Other
All other
Secured by resiloans to Loans loans (inby farm dential Secured individcluding
to
land (in- propby other
uals
banks
overcluding
erties
properdrafts)
improve- (other
ties
ments)
than
farm)
2,473
1,306
4,011
2,567
2,219
1,181
25,491
21, 510
17,948
131,363
89,103
99,130
8,451
4,536
5,334
80, 556
23,010
23,001
32.077
34,156
21,626
345,883
44,374
127,372
200
"5,~369
4,000
2, 652,102 50,966
2,601,136
4, 638, 751
1,273, 954
3,179,337
13, 711
335, 637
351, 507
4, 552,553
1,252,961
3,122,896
13,703
333,394
347,098
119
24,831
24,299
20,063
13, 757
384, 545
144, 938
9.569
74,339
47,198
12, 557
57,225
1,167
579,841
14, 648
40,477
53
8,933
4,650
40,480
10, 715
45,429
60
60,259
3,401
21,496
9,580
49, 764
1,345
9,711
262
521,021
465, 453
742, 507
5,546
55,869
72, 537
124, 364
82, 952
198, 654
652
26, 454
25, 412
951, 549 35, 518
356, 775
577,431 "3,~447"
1,542
65,842
90,276
250
127, 575
23,125
80,024
349
17,822
21, 552
4,086,121
1,768
124,404
648, 549
160,344
92,153
202,315
46,232
114,705
82, 992
2-6, 774
335, 716
183, 240
36, 538
297,874
1,843,274
64, 233
89,411
418, 514
345
21,862
2,898
6,559
3,402
5,477
5
5,887
761
5,403
3,620
3,326
169
14, 722
26, 541
2,678
1,810
7,022
8,556
3,496
10,169
2,270
12,296
24,015
4,103
1,110
6,051
128, 993
1,746
1,791
15, 529
18,897
4,096
4,487
2,546
11,175
4,766
5,511
2,990
5,838
778
7,549
12, 662
29
18,350
4,951
12, 253
165, 523
30,881
1,064
15, 662
9,647
10,356
14,182
4.312
10, 583
161,352
15,480
27,053
21,573
5,951
13, 635
11, 673
458.488 2,043,415 39.215
38,813
15,199
10, 2^0
14, 563
25, 734
48, 536
17,492
5,847
32, 914
110, 358
11,230
16,126
28,343
192, 987
71, 635
61,850
185,345
221,003
157, 733
25,084
96,168
668, 646
54, 921
81,917
226,186
3,517
3,229
320
32
84
859
1,114
Net
loans
123,997
110,641
72,291
1, 648,156
257,301
439, 716
~436
197
846
135,975
60,892
15,603
13,462
28, 224
66,065
47, 672
9,213
52, 789
166,032
13, 847
43. 572
46,145
Less
valuation re-
3,420
3,032
1,828
46,053
7,154
12,902
2,189,273
292, 947
1,383, 533
3,050
84,254
133,064
289
Total
gross
loans
1,803
1,179
972
2,636
7,380
86,193
20,993
56,441
8
2,243
4,409
122,194
109,462
71,319
1,611,160
254, 665
432,336
275, 447 9, 792,897 170, 287 9, 622,610
651,106 6,441
644,665
22, 362
207,473 3,656
203,817
2,970
270, 536 3,532
267,004
5,977
197,337 2,312
195,025
7,942
592,025 6,257
585,768
21, 531
740,172 7,953
732,219
25, 741
477,185 9,209
467,976
25, 539
94,129 1,688
92,411
3,831
587,277 4,580
582, 697
57,226
119, 550 3,418,012 42, 569 3,375,443
202, 596 1,599
200,997
1,579
282,102 4,054
278,048
5,723
811,113 12,902
798,211
18,473
3, 991,818
270,047
309,259
77,426
220,130
118,194
699,491
375,485 2,139, 596
592,368
263,496
2,326,869
509,252
244,182
414,488
91, 738
375,449
12, 325
7,308
23, 629
1,846
193
16, 570
16, 559
9,655
38,456
26, 793
121,876
12,435
15,014
50,036
55, 433
39,121
45, 523
14,863
200,828
13, 253
15,353
5,850
2,074
22,343
34,412
11, 723
108,420
21, 674
17, 629
13,045
2,034
23, 686
40,824
18,162
26, 676
9,028
9, 632
10, 536
9,516
7,525
441,541
241,346
447,889
419, 786
175, 243
243,493
63,178
146,160
105,441
47,211
115, 596
87,504
34,196
36,469
16, 649
35,336
4, 807,842
88,033
359,174
320,092
232,
20,374
28, 240
132, 373
134,167
26,443
21,434
155, 519
45,225
355,340
16,600
7,788
18,423
23, 994
10, 516
1,023
3,903
7,493
12,154
16, 529
27, 723
102, 901
68, 653
18, 999
16,915
71, 721
16, 712
53, 552
919,115
106,904
332,876
275,181
_ _ _ _ _._ 2,239, 215
33,120
51, 514
12,504
82, 791
22,897
2,332
7,896
7,665
1,012
3,127,201
46,330
Total Southern States
Ohio
Indiana
_
Illinois
Michigan
_
Wisconsin
Minnesota.^ __
__
Iowa
Missouri _
___..__
Total Middle
States
318,444
8,531,063 106,752
8,424,311
550
60,356
16, 945
178, 520
41,327
47, 751
35, 618
10, 500
26,305
1,864,844
830,858
4,206, 204
1, 509,459
653, 698
1,053,907
321, 736
878,262
1,835, 503
819,452
4,121,051
1,484,210
638, 281
1,047,080
316,232
870, 777
5,931
3
5,900
1,839
29,341
11,406
85,153
25,249
15,417
11,827
5,504
7,485
Western
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma.. __ _
_ _
_ _
Total Western States
Washington
Oregon
California _..
Idaho
Utah.
Nevada
Arizona
11,173
493,043
193,003
649, 920
393,354
94, 452
226,852
54,000
190, 843
Total Pacific States
Total United States (ex18, 282,
clusive of possessions)
Alaska
The Territory of Hawaii
Virgin Islands of the United
States
Total possessions
_
201
513,
672
5.710
3,443
24, 736
33, 222
29, 921
30,192
25,452
15, 756
68, 241
16, 833
42, 653
237,011
75
3,499
5,117
300
18,816
17,209
41,257
6,285
2,473
44,297
108
990
500
436
3,826
890
27,347
391
2,655
789
374
223. 711
13, 943
188, 562
16,155
69, 865 2,441,023
70,147
2,525
33, 476
1,825
27,646
515
64,166
2,493
377,
55,067
36,272
251 1, 538,
312
690 1,144,249
303
3
300
19
686,
691
107,326
504,
37
9,306
319
9,343
251 1, 591,323 1,144, 563
696,034
2,636
513,
2,178, 636
1,973
1,741
5,942
9,551
1,247
1,098
5,501
1,780
12,424
710
7
2,626
30,805
131,999
42, 861
33,317
214, 263
25,178
6,624
2,633
47,431
9, 531
20,921
Total United States and
18,313,008
possessions
4,523
393,
673
1,003
567
4,562
3,003
401
718
1,391
1,825
3,729
3,594
5,329
16,805
9,938
4,475
5,402
29,426
8,449
29,062
112,
480
14,273
23,030
25,012
68, 767
78,101
41, 653
14, 688
93,433
31,024
132, 331
513,039
241, 704
44, 781
173, 649
40,031
294,293 1, 203, 236 127,
37,419
8,521
25,115
7,123
31, 947
7,239
78,203
2.020
404,063 1, 796,
273 127,
691 8,471,402 1,973,856 9,393,333 204,
417,322 11,323, 968 191,382 11,132, 586
1,210
1,081
2,541
24,374
7,855
885
647
21,568
3,008
22, 432
113, 925
132,243
408,874
375, 692
130,371
77, 681
451, 400
133,064
668,380
2,092
3,630
5,458
2,682
2,040
796
4,544
2,624
5,410
111,833
128,613
403,416
373,010
128,331
76,885
446,856
135,440
662,970
2,648
84,391
2,496,630
29, 276
2,467,354
31,199
12, 754
107, 439
1,949
3,762
1,991
4,171
1,019, 063
750, 344
6, 831, 554
187,021
139,101
85,819
286, 618
15,063
5,331
95,113
2,631
1,596
281
1,830
1,004,000
745,013
6, 736,441
184,390
137, 505
85, 538
284, 788
163,
9, 299,
520 121,845
9,177, 675
1,302
116
20
680
680
265
558 1,333,258 44,096,180 670,
3,091
3,091
917
1,863
134,054
5,485
6,505
10,144
5,343
250
4,412
36, 562
96,264
141
1,454
399
751
40
12,339
556 8,530,022 1, 986,
16,238
245 9,409, 571 204,
4,702
135,
672
35,315
95,648
10, 615
46, 551
53, 620
508 43, 425,
1,247
616
143
531
865
505,
3,053, 731
478,402 2,295, 472
558 1, 337,960 44,232,097 672,371 43, 559,
726
oo
TABLE N O . 39.—Assets and liabilities of active national banks, Dec. 31, 1955—Continued
oo
[In thousands of dollars
Capital
Location
Maine
New Hampshire
Vermont ..
Massachusetts
Rhode Island
Connecticut
Preferred
stock
__
-
__
.
- -
Virginia
West Virginia
North Carolina
South Carolina .
Georgia
Florida
Alabama
Mississippi
Louisiana.
Texas
Arkansas
Kentucky
Tennessee
_
_
50
..,
Total Southern States-
250
1,074, 638
12,112
1,607
8,729
29,190
7,169
4,172
733
312
5,041
1,867,911
1, 215,296
2,189,444
12, 842
195,076
157,082
5,681
11, 298
1,025
101, 598
16,098
42,778
129
6,605
757,534 1,154.598
285,316
474, 692
5, 637, 651 57, 510
1,758
167, 208
4,003
77,662
134,087
48,204
35,841
33,712
38, 930
67,054
18,047
103,051
196,448
201.916
283,369
111,545
99, 698
31,478
22,013
311.249
231,615
396,255 1,361,500
41.140
61,789
38,793
50,895
/ 16,889 382,040
93
434, 732
156,820
93, 857
57, 556
177,675
333,149
227,148
53, 697
228,617
841.810
89,672
133,814
420,459
16,850
1,007
2,821
4,505
3,701
8,602
3,070
1,540
763
20,839
654
402
3,785
120
186
51
1,171
24
15
181
35,148
949
36,698
402
3,256
. 54,153
69
15
1,960
228, 615
1,210
7,450
12, 711
928
326
634
275
4
1,625
1,100
110
4,759
135
100
935
1,500
1,000
1,632
30, 539
23,123
11,470
9,702
23,707
27,025
13,601
1,156
27, 568
146, 529
5,820
6,507
15, 657
32,928
342,404
3,249,006
68,539
2,681
382, 636
10,931
4,500
572,086
54,116
411,452
63, 210
53,734
471,337
33,354
760,428
15,756
310,986
12,150
416,309
10,266
358, 777
25,848
747,348
53,000 1,248,717
28,187
755,424
5,803
163,105
28,913
933,106
220, 563 4,834,658
13, 655
339.845
18, 545
537,318
39,015
913, 226
27, 223
15,676
12,317
14,600
26,254
22,362
22,336
5,366
21,081
125,285
7,557
13,854
29,959
505,055 12,319,247
343,870 1,578.948 2,916, 272
609, 484 12,205,916
200
133,123
300,076
60,068
89,107
587
4,892
19,962
388,592
5,403, 883
1, 562, 516
4,058,894
17,804
561, 284
601,535
__
29,807
263,610
141
16,212
261,346
314,940
205, 731
165,526
280
70,916
141
3,447,045
295, 551
71,001
206, 532
975
16, 625
18,800
1,206
7
15
4
1,552
24
5
173,881
140,838
12
Certified IndividBanks Banks
States
uals, part- U . S . Postal and politand
in
in forcashiers' nerships, Govern- savings ical sub- United eign
and cor- ment
checks,
divisions States coun1
porations
etc
tries
197
475
333
7,815
910
2,382
231,622
59, 958
134,225
297
26, 529
18, 706
35
Banks
in foreign
countries
95,239
45,907
74, 642
441,642
197,923
219,285
7,920
11,922
1,856
330,376
7,205
29,313
384
772
50
35
5,036
6,502
1,954
128,326
7,049
25,014
Time deposits
3,838
9,742
2,588
60,305
14,035
42,615
13.488
18,353
6,525
165,858
19, 512
37, 610
148,456
150,441
62,151
2,107, 111
234, 505
744,381
__
Total Eastern States.
IndividStates
Common uals, partand polit- Banks in
U.S.
stock
nerships, Govern- ical sub- United
and cordivisions Stales
ment
porations
10,103
6,094
5,295
79,744
11,130
28,472
. - -
Total New England States. _.
New York _
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Demand deposits
28,822
962
11
50
49
3,267
377
6,283
21,177
7
850
66
10
674
119
868
6,372
257
439
o
s
3
18
125
28,250
w
153
28,250
o
o
2,697
28
1,258
267,610
10
4,034
20
271,644
2,000
Ohio
Indiana
Illinois
Michigan
..
25
1,500
1,000
50
100
Wisconsin
Minnesota
Iowa
Missouri
__
Total Middle Western States.
North Dakota
South Dakota
Nebraska -_
Kansas
Montana __ _ _
2, 712,185
1,408,619
6,427, 740
2,188, 549
920, 567
1,237,629
457, 787
1, 269, 785
659, 742 16, 622,861
1, 267,398
624,958
2,506,369
1, 232, 982
530,081
591, 449
185, 515
290,658
3,522
4,032
10,090
1,490
7,161
463
1,324
2,655
190
2,334
1,238
35
1,061
68
55
538
73, 591
2,767
102,127
52,021
4,993
10,333
142
5,248
156
158
300
175
414
369
1,843
84,924
54,948
117,312
38, 252
22, 220
22,920
7,984
17,425
53, 555
365, 985
7, 229,410
30, 737
5,519
251,222
1,812
13
74,756
73,642
113,838
138,980
69,381
55,336
243,076
64,425
192, 919
462
1,165
99
2,993
28
1,488
1,655
2,119
5,826
6
29
39
5
18
10
11
97
823
4,942
133
16
152
2,032
10, 806
11,185
1,415
8
5
925
256,298
271, 628
115,809
236,927
459,971 1,181, 708
193, 693
186, 568
120,977
63,253
341,674
127,003
122, 571
77,057
436,367
107,470
3,792
439
37,338
5,450
628
4,065
665, 491 1, 529,877 2, 769,097
104,936
45,609
234, 238
135, 240
36,422
53, 470
18, 885
36, 691
10,299
240
10,299
._ _
5,510
5,523
25,425
22,542
7,258
2,970
25,380
7,215
42, 670
169,828
178,450
697,195
652,415
222,115
131,353
692,917
199,943
1,179, 716
5,289
4,973
28, 464
21, 866
4,272
3,401
25, 417
11, 782
33, 853
11,202
30,993
74,040
203,232
35,316
32,319
50,758
68, 669
169, 929
8,472
9,293
150,303
94,030
14,021
13,361
88,997
16, 247
220, 643
120
3,355
1,978
9,373
9,826
3,270
1,894
11, 770
4,838
35,057
Total Western S t a t e s . . .
144,493
4,123, 932
139, 317
676,458
615,367
240
81,361
1,026,353
15, 835
215
31, 504
938
44,850
38,935
282, 208
10, 225
7,050
5,375
14,125
1,260,792
823,046
6, 430, 732
213,781
189,857
105,893
320,158
34, 823
17, 675
182, 435
11, 079
14,173
3,281
5,737
146, 944
149,330
656, 577
56, 267
36,742
29,127
50,850
65, 287
28, 564
265, 236
5,154
23,119
1,381
9,073
5,371
1,890
154, 871
582, 247
570, 495
5, 270, 285
128, 404
76,414
65,647
129,819
5,604
54
45,818
968
2,343
2,210
1,953
9
14
222
11
1,020
1,377
40,520
498,100
390
50
6,680
158,467
3,670
20,391
28, 541
380, 707
2,946
3,510
2, 614
8,196
10
1,933
220
402, 768
9,344, 259
269, 203 1,125,837
397,814
165,802
446,905
6,823,311
58, 950
1,286
542,150
7,120
167,467
13,066 1, 383,449
24,957
482,160
Wyoming
Colorado __
New Mexico
Oklahoma
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
2,675
117,031
45,398
276,720
65,794
31,345
59, 718
16, 623
47,113
12
95
9,000
PM
4,166 2,462,380 58,063, 260 2,063,099 5, 930,000 8, 241, 740
567, 648 1,844,470 25,040,369 243,683
1,928
4,000
150
49, 873
77, 668
2,077
14, 514
16, 247
269
6,791
9,394
733
1,198
2,217
1
591
962
1,792
25
26, 402
80, 770
3,997
13,163
324
10
10
6,363
3,027
1,667
2
1
6,078
129,618
31,030
16,918
3,416
591
2,779
111,169
13, 487
20
11,057
2
1
13,086 1,394, 506
24,959
482,161
4,166 2,468,458 58,192,878 2,094,129 5,946,918 8,245,156
568, 239 1, 847, 249 25,151, 538 257,170
Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve banks (transit account).
OO
CO
TABLE N O . 40.—Assets and liabilities of all active banks other than national, Dec. 81, 1955 (includes State commercial, mutual savings, and
private banks)
00
ASSETS
[In thousands of dollars]
Num- Loans and
ber of discounts,
banks including
overdrafts
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
Distiict of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama.
_
Mississippi
Louisiana
Texas
Arkansas
_
Kentucky
__
Tennessee.
_
_-_
__
___
__.
_._
.-
Total Southern States
Obligawith other
Corporate
banks,
U. S. Gov- tions of
Other stocks, inStates
including
ernment
bonds,
cluding
and
obliganotes
stocks of Currency reserve
tions,
political and de- Federal and coin balances
and cash
direct and subdivi- bentures Reserve
items in
guaranteed sions
banks
process of
collection
Real
Bank
estate
premises owned
owned,
other
than
furniture and bank
fixtures premises
Investments
and other
assets indirectly
representing bank
premises
or other
real estate
60
59
35
256
13
130
238, 221
270,246
295, 245
184, 560
184.909
65,905
3,402,159 2,246,095
383,172
239,442
1,434.433 1,034,049
25,372
9,374
11,468
143,385
27,607
125,820
53,592
22,311
4,357
318,113
58,082
228.927
21,099
34,345
2,548
229, 889
22,070
93,351
10,838
3,028
3,491
55, 806
11,478
35, 429
56,108
20,155
19,343
428,457
66, 514
248,397
5,371
3,896
2,309
44,591
6,145
26,351
592
372
155
1,599
47
677
299
741
250
104
553
5,970,164 4,008, 272
343,026
685,382
403,302
120,070
838,974
88, 663
3,442
1,679
334 25,601,721 11, 675,434 1,877,037 1, 583,662
132 1, 664, 253 1, 215,320 301,875 232,582
303 3, 264,855 1, 846,926 426,488 647.307
23
70, 545
305,751
258,477
29,682
103
671,073
663,154
62,574 101,452
12,620
232, 582
168,523
7,069
343,081
22,806
52,906
9,986
4,399
867
263, 771 8,814,464 320,025
444,712 42, 711
56,911
104,077 1,142,121 70,075
5,934
85,162
10,349
211, 702 15,823
30,371
111, 647
10, 248
8,145
1,785
505
4,109
391
249
904 31,740,235 15,827,834 2,704,725 2,648,168
434,045
475,727 10,809, 808 462,713
184
106
174
123
344
156
168
170
134
485
179
278
222
516, 638
189, 711
763,333
110,433
481,881
384, 293
166, 751
282,771
264,147
819,665
194, 504
501,703
342,596
2,723
5,018,426
375,008
213,534
497,876
111, 241
330,384
469,963
160,071
203, 591
258,646
564,302
150, 908
425,230
209,190
3,969,944
62,588
30, 586
152,753
32,735
45,994
76,148
39,573
106,498
100,269
126,529
42,495
32,905
55,064
17,883
4,848
85,808
15,579
8,432
4,637
8,637
5,531
2,743
38,388
6.949
19.284
6,458
1,571
1,331
2,284
207
1,455
571
354
488
620
3,575
207
1,132
990
904,137
225,177
14,785
27,833
13,733
47,755
11, 648
27,224
28,609
13,030
21,417
24,501
47, 538
11,078
26, 539
21.498
322,403
Customers' liability on Other
acceptances outstanding
Total
assets
1,187
93
10
872
784
446
14,967
1,394
19,176
816, 294
3, 246, 724
1,290
37, 639
12, 501, 903
2,394
124
6,912
1,036
50
1,150
294,423 312,933
191 15,193
6,991 27,143
2,161
4
474 35, 538
2,411
51,090,730
3,997,183
7,599,910
779, 478
1,796,859
555,262
285
682,596
574,070
295, 230
7,039
11, 666
302,083 395,379
65,819,422
229, 609
100,161
405, 651
69, 281
253,018
207,422
95,417
170,176
204,874
536. 924
129,262
313,271
166,182
15,466
4,536
16,153
2,924
11, 573
15,338
3,611
7,210
6.6S0
26, 492
3,610
6,820
10,003
350
56
248
68
637
719
144
275
243
3,477
32
217
476
2,830
925
176
7
179
402
227
1
1,312
207
2,145
1,206
9,908
631
3,178
3,268
593
699
1,656
2,466
307
1,520
1,254
1, 251,921
560,627
1,981,963
354, 762
1,164,005
1,192,363
488,408
798, 657
865,747
2,169,563
539,352
1,328, 740
814,034
2,881,248
130,421
6,942
6,376
18
8
50
993
56
52
275
1,452
28, 831 13,510,142
3
3-
o
O
fel
w
o
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 Ten itory
of Hawaii
Puerto Rico3
American Samoa
Virgin Islands of the United
States
Total possessions
Total United States and
possessions
5,845,804
1,850,588
4,810,773
4,077,933
2,183,051
1,431,233
1,976, 593
3, 537,853
1,649
62,492
25, 713, 823
47
154
1
74
57
73
283
209
521
497
602
34
2,032
170
578
374,105
309,051
473, 583
936,115
375,113
100,358
516,046
157, 226
426,795
1,020
406
4,976
3, 718,392
49
21
456
60
89
3
592
148
1
1,289
4
1,574
1,166
451
21,969
141
393
203
1,660
638,149
210, 256
5, 510,294
133,470
511,184
84,875
243,992
1,270
3,116
25,983
7,332,220
22,083
45,108
2, 254,553
612,240
1,473,373
1,442, 733
798,948
605,077
833, 840
1,365,094
1,981,931
794,412
1,807, 231
1,525,120
838, 616
475, 754
635, 717
1,028,055
347,122
81.025
384,674
340,710
134,494
92,387
142,108
204,076
119, 502
20,335
162,959
33,278
29,288
63,094
20, 274
72, 795
11,634
1,092
9,110
4,063
1,252
206
977
16,579
102, 652
37, 249
51,290
71,009
38,895
20, 755
31, 822
44, 619
964,075
290, 894
879, 279
613, 273
320,017
158, 262
300,444
774, 691
34, 111
10, 490
20,334
38, 625
14, 949
8,029
8,697
20, 203
94
99
1,078
274
338
283
47
157
10,813
686
5,722
128
1,509
179
1,424
1,404
3,634
9,385,858
9,086.836 1,726, 596
526, 525
44,963
393, 291
4,300, 935
155,443
2,370
21, 865
116
137
297
431
73
28
87
26
187
103, 887
101, 280
164,091
349,771
137,191
31,595
222,410
55,410
157,932
177,203
138,194
191,399
312,399
129, 564
36, 630
156,480
53, 258
127,477
33, 722
13, 683
20,901
117,171
22,667
5,112
20,420
5,491
31,661
14,403
3,203
6,208
3,595
8,994
1,179
1,474
738
4,862
77
118
283
374
324
79
505
81
75
3,856
4,220
6,386
14,592
4,850
1,575
7,761
4,497
8,401
39, 717
46,825
81,932
182,320
63, 882
23,448
101,593
35,454
93, 447
953
1,809
1,793
5,100
1,511
663
3,025
2,060
2,249
4
10
69
249
374
42
222
10
40
1,382
1, 323, 567
1,322, 604
270.828
44, 656
1,916
56,138
673, 618
18, 663
77
37
92
25
44
3
8
302,510
89, 546
2, 403, 947
56,598
217, 769
35,336
85, 291
201, 693
72,323
1,672, 525
39,198
152,585
30, 755
88,214
27,971
14,459
312,129
8,953
26,026
2,425
14, 763
37, 648
320
84, 299
410
3,224
384
7,508
583
74
5,816
81
510
71
82
7,068
3,959
47, 863
2,354
5,735
2.606
6,184
54,858
26,680
899, 622
24, 661
99,931
11, 676
35, 882
4,455
2,422
52, 883
1,010
3,293
1,416
3,711
286
3,190,997
2,257,293
406, 731
133, 793
7,217
75,769
1,153,360
69,195
9,532 56, 629, 247 36,472,783 6,356,043 4, 263,701
11
8
9
10
1
2
33
10,617
1,127
8,353
110,952
253,190
133
14,939
1,735
63,370
63,013
963
1,840
2,082
386, 212
146,102
1,159
906, 233 1,448,398 20, 657,943 925,093
2,117
12,753
31,492
4,403
8,511
45,404
15,037
1,095
430
32
227
5,032
5,294
2
7,496
7,496
313,970 555,300 128, 595,907
67
57
293
370
3
310
1,083
1,393
227
257
36
72, 759
11,053
787
3
907,328 1,484,989 20, 730, 702
936,151
22,870
45, 111
1,095
70
52
344
76
100
36, 591
6
9,565 57,015,459 36,618,885 6,401,447 4, 278, 738
1,463
3,725
1,323
9,664
20,135
54
4,403
1,060
27
33,399
33,153
455
1 2 branches of a national bank and 2 branches of a State member bank in New York.
2
3 Branch of a national bank in California.
Asset and liability items include data for branches of a national bank and a State member bank in New York.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.
26
4
1,077
19,197
2,014
15,379
8,639
4,745
2,181
1,239
9,093
396
354
528
344
462
503
570
527
63
13,207
14,034
1,057
13,962
11
35. 263
20,886
24,021
242,331
430. 203
1,618
42
4,490
42,381
758,817
315,363 597,681 129,354,724
00
C
TABLE N O . 40.—Assets and liabilities of all active banks other than national, Dec, 81, 1955 {includes State commercial, mutual savings, and
private banks)—Continued
LIABILITIES
[In thousands of dollars]
Time
deposits
Total
deposits
155,944
22,951
53,722
1,409,278
256,619
794,351
452,182
480,354
213,463
4,734,266
485,474
2,126,469
608,126
503,305
267.185
6,143,544
742.093
2,920,820
2,692,865
8,492,208
11,185,073
4,097
1,290
108,397
24,653,652
1,621,106
__ 3,915,342
481,828
836. Oil
_ _ _ _
355,692
_
21,049,189
2,047,405
2,911,841
214,037
800,059
152,134
45, 702,841
3,668, 511
6,827,183
695,865
1,636,070
507,826
14,876
200
21,685
650
313,630
191
7,141
4
474
806,029
36,076
75,087
6,916
15, 573
7,576
31,863,631
27,174,665
59,038.296
37,411
321,440
947,257
711,339
352,119
1,382,684
266,806
789,060
818, 742
330,728
618,351
643,522
1, 710,491
418,603
1,024,249
482,343
431,900
146,139
416, 556
55,398
261,151
289, 530
116,448
120,286
164, 569
302,174
78,218
193,380
258,171
1,143,239
498,258
1,799,240
322,204
1,050,211
1,108,272
447,176
738,637
808,091
2,012,665
496,821
1,217,629
740,514
129
1,125
400
250
625
96
275
14,315
4,033
40,859
1,362
16,124
7,733
2,174
3,207
4,520
11, 682
683
9,190
9,317
9,549,037
2,833,920
12,382,957
3,494
1,496
125,199
.
_-__-_
.
.
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 liabilities
Demand
deposits
Location
Maine
New Hampshire
Vermont.. .
Massachusetts
Rhode Island . . - _
Connecticut...
AcceptBills pay- ances executed b y
able, rediscounts, or for account of
and other
liabilities reporting
banks and
for boroutstandrowed
ing
money
_
50
899
100
948
2,100
375
200
200
190
1,187
93
10
18
8
50
993
56
4,560
5,566
1,459
63,611
7,720
25,481
Capital
stock i
9,305
2,132
5,781
48,454
6,775
29,965
Surplus
Undivided
profits
Reserves
and retirement account for
preferred
stock and
capital
notes and
debentures
32,586
34,345
8,580
364, 545
48,949
169,076
26,213
24,212
7,429
254,086
10,324
88,747
102,412
658,081
411,011
31,542
764,809
65,425
143, 536
13,869
25, 416
10,440
2, 569,735
173,044
417,388
53,392
68,791
19, 610
789,050
36,898
91,334
8,724
45,563
6,737
129, 760
16,838
16, 555
708
4,322
3,073
1,023,495
3,301,960
978,306
171,257
31, 584
15,160
26, 277
12, 539
28,398
31,060
12,333
15,135
19,895
52,110
11,986
26,468
21,454
42, 703
26,826
87,929
12,760
35,841
30,312
15,288
39,288
22,273
52,857
14,856
51, 552
22, 791
17,267
12,167
19,633
5,054
23,169
11,350
10,691
1,466
8,753
30,966
13,048
21,426
16,651
2,684
3,058
7,607
835
9,837
2,443
746
724
2,159
9,093
1,958
2,129
2.407
304,399
455,276
191,641
45,680
1 756
3,611
4,696
10,614
340
10, 525
I
o
g
E
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 ZODP (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.
3,096,059
1,138 309
2,974.457
1,981, 757
1,117,842
583,856
1,277,918
2, 574,645
2,325,751
576 837
1. 486,698
1, 791,838
904,200
731,175
533,089
667,430
14, 744.843
9,017,018
225, 524
214,825
376. 594
746,263
285, 599
70,989
343.115
113,231
309, 508
115, 564
68,958
49,004
158,649
67, 539
21,112
129.906
34,417
81,135
2, 685, 648
726,284
3, 411, 932
185. 283
102,346
2,873. 436
85 638
289.463
54, 516
169,908
397,837
93.141
2,204, 541
38,272
184,340
24.023
54.821
583.120
195, 487
5,077,977
123,910
473, 803
78.539
224, 729
3, 760. 590
2,996,975
6, 757, 555
65,296, 614
5,421,810
1 715 146
4, 461,155
3, 773, 595
2,022,042
1,315,031
1,811,007
3, 242,075
102,466
32 483
90. 602
87. 622
45. 787
25, 791
42, 520
89, 700
204, 680
50 539
112, 566
98, 772
64, 585
48.383
61, 276
94,246
63,590
35 173
66,800
59.925
39,087
25,984
51,575
70.188
4,602
2 971
41, 053
12. 805
4,229
9,986
6,591
7,843
190,633
516,971
735,047
412,322
90,080
1,015
659
426
2,222
2,146
1,707
248
6,738
644
2,346
7,363
6,488
13,118
22, 497
6,485
1,528
13,402
3,375
10,070
9,474
7,665
16,095
31, 568
7,996
3.408
12,803
2,897
10,791
8,802
8,956
11,784
23 492
5,099
2,668
7,730
1,279
11,304
6,319
1.733
1,856
1,084
588
405
1,825
1,383
626
5,368
17,136
84,326
102,697
81,114
15,819
5,945
1,535
65,226
964
4,851
1,236
3,407
7,715
4,975
125,600
2,803
10,218
2,430
4,460
29,342
5,614
162,995
4,001
14,254
1,765
7,532
8,594
2,249
66,855
1,455
7,417
905
3,154
3,433
396
4,045
337
641
7,586
83,164
158,201
225, 503
90,639
9,562
333, 630
1,471, 786
2,189,804
5,478, 564
2,165,033
363,940
80
4
489
3,040
29,855
16
71
917
1,100
587
335
8,298
34,977
100
250
9,137
9,882
50
50
4,419
1,927
9
121
3,255
1,608
14
265
70
52
344
76
2,99^
50
119
505
58
1,100
26
4
1,246
23, 761,861
5,096
1,818
341,088
283, 783
425. 598
904,912
353,138
92,101
473,021
147, 648
390, 643
400
51,241,070
116, 537, 684
21,387
19,056
13 793
116,160
200,022
990
1,280
10,862
1,816
9 739
97,512
140,116
439
2,718
32, 249
20,882
23 532
213,672
340,138
1,429
3,998
372, 698
263.202
65, 669,312
51,504,272
2,910
416
100
527
7,586
55, 466
48,321
14 224
35, 254
45,088
7,202
5,527
3,562
31,455
710
200
10, 733
310
1,083
635.900
10,933
1,393
33. 555
44, 542
20, 219
7,083
5,212
117,173, 584
66,399
335,023
1, 505,341
2,234,346
5,498, 783
2,172,096
369,152
O
s
i
1
I
o
(See classification on pp. 190 and 191.)
OO
TABLE N O .
and liabilities of all active banks other than national, Dec. 81, 1955 {includes State commercial, mutual savings, and
private banks)—Continued
40.—.
[In thousands of dollars]
Loans and discounts
Location
Maine
New Hampshire
Vermont
_.
Massachusetts
Rhode island
Connecticut
Total New
States
Loans to
Commer- farmers
cial and
directly
industrial guaranloans (in- teed by
cluding the Comopenmodity
market
Credit
paper)
Corporation
38,930
9.511
13,643
323.381
70,057
151,666
48
164
Other
loans to
farmers
Other
loans for
the purLoans to pose of
brokers purchasand dealing or
ers in
carrying
securities stocks,
bonds,
and other
securities
4,542
426
7,465
2,591
199
4,642
400
30, 726
1,411
6,637
19.865
1,325
Real-estate loans
Secured
Secured
by resiSecured
by farm
dential
land (in- properties by other
cluding
(other
properimprovethan
ties
ments)
farm)
Other
loans to
individuals
1,169
121
2.039
29.523
1.652
7,554
5,056
2.916
13,200
7,609
472
8.469
152,306
223,697
113,113
2.417,565
230, 572
1.037.223
27,121
46.245
18,783
357.056
21.867
74.376
39,146
11,104
17,051
237,509
49,048
149,241
2.576
3,300
400
37,722
4,174.476
545,448 " 503,099
6.276
40,499
42,058
11
468
49
41.888 1,677,656
43 951
2 550
57,744
12,171
5,680
1.932
15.245
8,962
5,545
81
578.284
9,181
93. 776
3,709
10,655
466
9.774,125
13.242
67,584 1,805,821
696,071
123.214
28,564
287,588
18 653
139.818
125,637
30,692
86, 920
60.880
249,582
27,360
146.405
59.930
305
3,571
7 370
21,344
100
16,754
50,771
13.916
79.016
55.866
2 961
14.895
2.479
197
29.919
3,150
1,223
190
1,047
2 337
'454
630
4 610
383
2,137
4.646
14.076
2 690
9, 535
4.791
3,644
6.657
1,611
16,360
2, 565
13,509
2,539
20, 220
fi.914
31.521
7 361
28.301
11,678
13,058
19,392
14,933
12.750
13.043
44,143
32,232
122,001
61.424
79, 689
25 074
101. 720
66. 222
31.867
27,016
55, 757
62,292
22,059
85.022
62,209
Total Southern S t a t e s - 1,385,243
266.869
46.619
84,760
255,546
802,352
Total Eastern States
Texas
Arkansas
Kentucky
Tennessee
All other
loans
(including overdrafts)
Total
gross
loans
2,777
1,599
663
21,418
10,653
6,244
272,420
295.619
186,521
3.429,954
389,231
1,446,452
43,354
6,020,197
Less
valuation
reserves
Net
loans
2.174
374
1,612
27,795
6,059
12,019
270,246
295,245
184,909
3,402,159
383,172
1,434,433
50.033
5,970,164
England
New York
New Jersey
P enns y 1 vania
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Loans
to
banks
607.188
212
8,314,192
246, 578
939.486
89,837
111. 687
72,345
12, 714
18.479
4 221
24 845
7 313
23.687
14 685
15,572
20,358
11 316
87.859
22,845
34 135
27.913
313.228
29.848 11,123, 287 1,534.022 1, 749. 626 350, 676
127, 225
304,842
2.679
939. 701
168,492
793.328
3,525
18,146 1,117.525
17,159
84.204
7,838
92, 431
54,189
14,024
142,153
298, 280
1,300
2,721
15,832
75,841
46, 937
610.395 26, 022,588
18. 911 J. 695,618
110, 264 3,314,468
4,902
308,160
22, 527
679,071
13, 815
233,583
420.867 25,601, 721
31,365 1. 664,253
49,613 3,264,855
305, 751
2,409
671,073
7,998
232.582
1,001
75,256 13.618,161 1,916.919 3,149,994 355, 501
780, 814 32. 253,488
513. 253 31. 740,235
29,683
16, 759
51.016
6,384
24.323
34.037
9,853
13. 230
26,189
36.195
10,026
28.461
16,965
192.836
63.489
237, 754
35,187
127, 230
123,363
45, 278
57,066
73, 332
269.858
39. 752
130,007
122,010
303.121 1,517.162
20
247
259
227
34
82
21
890
10,639
5,724
16,470
1,831
8,050
6,950
2, 265
5,437
8,743
11,894
1,734
19.636
7,626
522, 013
191 938
776, 696
111, 863
487,417
388,913
169,173
287.928
269.014
826.342
195.880
508,910
346,702
' 5,375
2,227
13.363
1,430
5,536
4,620
2,422
5,157
4,867
6,677
1.376
7,207
4,106
516,638
189,711
763,333
110.433
481,881
384,293
166, 751
282,771
264,147
819. 665
194.504
501,703
342,596
106,999
5,082,789
64.363
5,018,426
co
§
S»>
K
1
a
1
8,261
14,607
27,396
5,118
275
39,861
71,361
36,262
49,815
72,665
116,540
61,288
72,875
112,682
247,681
97,931
80,423
860
86,794
5,386
2,823
270
795
13,103
123,098
3,310
70,648
11,044
7,183
2,340
6,763
14,887
59,687
41,678
26,598
39,952
62,811
49,428
58,657
43,741
769,584
209,222
264,129
540,379
272,006
237,046
158,977
343,987
203,141
831,477
190,454
2,795,330
7,380
18,577
59,185
22,528
4,649
59,117
15,326
28,848
31,277
41,889
76,197
106,765
31,027
11,500
34,536
10,595
34,482
239,273
149~
124
557
2,250
835
110
2,508
202
989
382,552
38,290
18,843
22,451
41,181
24,021
488
2,742
1,765
7,905
5,051
3,300
6,976
15,370
2,230
784
2,215
1,540
4,823
13,110
17,680
14,434
47,924
26, 777
7,179
29,701
7,256
11, 337
1,617
2,841
4,249
12,345
4,519
2,651
11,189
3,453
4,638
11,075
9,738
20,161
62,689
26,052
4,395
79,300
15,936
65,301
220,279
157,686
378,268
1,408
7,724
42,289
175,398
47,502
294,647
34,164
19,162
682,439
12,125
52,106
9 704
27,645
7,481
571
1,139
3,370
363
153
30,889
6
2,758
909
910
31,191
501
1,866
1,281
8,490
4,493
48,011
15,729
23,579
2,902
6,127
11
4,956
2,027
34,605
1,341
6,677
497
846
178,366
37,679
960,070
6,993
59,934
7,425
19,982
38,429
7,988
193,360
2,113
20,456
4,247
3,381
29,696
15,995
395,458
14,780
46,940
9,602
26,413
837,345
14,205
109,331
33,806
35,388
50,949
1, 270,449
269,974
538,884
516,765
Ohio
82,191
Indiana
532,026
Illinois
Michigan
_
. 272,775
170,610
Wisconsin
49,080
Minnesota .
._ _ _
134,635
Iowa
412,179
Missouri
Total Middle Western
States
2,170,261
North Dakota
4,669
jL South Dakota
co Nebraska
Kansas
Montana..
Wyoming
Colorado New Mexico
Oklahoma
_ __
Total Western S t a t e s . . .
Washington .
Oregon
California
Idaho
Utah
Nevada
Arizona ._ .
_ _
Total Pacific States
Total United States (exclusive of possessions). 14,994,441
Alaska . _
Canal Zone (Panama)
Guam. _ _ .
The Territory of Hawaii..
Puerto Rico
American Samoa...
Virgin Islands of the
United States
_
Total possessions
2,136
995
2,082
19,838
122,438
69
82
655,355 1,719, 753 2,118, 607 1,105, 274
140
28
469, 947
153,444
276,850
402,817
127,789
80,660
115,978
296,156
551,468 1,923,641
117
3,759
2,142
17, 762
9,851
2,152
130
3,350
16,904
42,963
58
15,263
7
13,545
531
162
5,318
2,778
42,575
39,140
560
20
595
15,408
7
14,104
5,597
88,812
29,775
66,152
5
655,355 1,735,161 2,118,614 1,119,378
53
148
176
84,813
6,813
33,556
21,231
21,442
4,117
8,688
39,572
2,293,371
621,226
1,493,443
1,458,166
812,970
611,594
841,232
1,381,596
38,818
8,986
20,070
15,433
14,022
6,517
7,392
16,502
2,254,553
612,240
1,473,373
1,442,733
798,948
605,077
833 840
1,365,094
5,769
220,232
9,513,598
127,740
9,385,858
22
140
891
3,123
3,124
1,483
69
3,275
393
961
105,378
102,686
166,785
352,138
139,722
31,825
225,015
56,466
159,306
1,491
1,406
2,694
2,367
2,531
230
2,605
1,056
1,374
103,887
101,280
164,091
349,771
137,191
31,595
222,410
55,410
157,932
661
13,459
1,339,321
15,754
1,323,567
44
1,165
1,575
59,080
398
5,319
1,267
515
303,853
90,400
2,436,438
57, 356
219,998
35,644
86,201
1,343
854
32,491
758
2,229
308
910
302, 510
89,546
2,403,947
56,598
217, 769
35,336
85,291
69,319
3,229,890
38,893
3,190,997
192
5,200
20
269
350
196
240
844,314 22, 836,166 3, 634,432 7,927,427 369,337 1,234,177 57,439,283
589
148,147
Total United States and
possessions
15,142,588
40
1,036
250
130, 786
36,436
53,706
98,176
75,156
36,057
37,549
83,602
828
828
317
2
138
266
17,755
6
10,791
1,127
8,353
111,052
254,094
133
76
1,840
18,560
387,390
849,911 22, 924,978 3, 664,207 7,993,579 370,165 1, 252,737 57,826,673
810,036 56,629,247
174
100
904
10, 617
1,127
8,353
110,952
253,190
133
1,840
1,178
386,212
811,214 57,015,459
00
TABLE N O . 40.—Assets and liabilities of all active banks other than national, Dec. 81, 1955 {includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Capital
Location
Capital
notes
Preferred
and
deben- stock
tures
100
Maine
. . . .
New TTaTnpshire
Vermont
Massachusetts
Rhode Island
Connecticut
468
800
Total New England
States . . . . . . . . . .
1,368
New York
New Jersey
Pennsyl vania
Delaware
Maryland
District of Columbia
42,541
7,180
457
Total Eastern States. 49,721
Virginia
West Virginia
North Carolina .
South Carolina
Georgia Florida
Alabama _ ._
Mississippi
Louisiana
Texas
Arkansas
Kentucky
- _
Tennessee
Total Southern States.
1,887
3,670
210
50
6,224
1,245
30
33
9
548
17
50
83
1,899
Time deposits
Demand deposits
Common
stock
Certified IndividIndividStates
and
uals, partuals, part- U . S .
and
Banks in Banks in
nerships, Govern- political United
foreign cashiers' nerships,
and corand corsubStates countries checks,
ment
etc.i
porations
porations
divisions
9,205
2,132
5,313
47,654
6,775
29,965
123,204
17,802
43,417
1,158,432
212,218
671,746
4,602
542
2,140
31,937
5,394
21,496
18,143
3,228
6,692
99,473
21,863
46,809
3,677
945
321
68,554
6,147
25,622
101,044
2,226,819
66,111
196,208
105,266
U.S.
Government
455
3,579
94,882
8,477,984
2,287
269
10,842
826
355
224,469
251
43
20
163,928
25,471
39,652
9,696
13,887
375
252,634
224,768
2,257
147
8,105
5
488
2,942
34
385
18
475
5
62
35,079
856
58,475
868
5,464
49,116
884
281
12,799
44,431
791
11,549
10,562
559
54
1,146
2,370
769
1,330
105
25
765
255
55
27
813
14,923
231,155
8,273
661,962 2,992,306
134,710
34,800
138,711 286,392
19,746
5,973
66,019
40,259
33
14,878
929,601 1,359,544 19,801,743
48,150 2,021,277
466
54,676 2,870,791
6,903
203,416
9,983
782,586
8,082
829
126,960
11,668
1,608
967,550 24,172,072
864,260 1,021,181 3,374,608
939,407 1,492,103 25,806,773
56,310
302,417
7,408,702
71,423
38,852
105,722
32,778
96,941
89,920
56,546
90,199
161,272
165,629
46,302
71,976
63,738
61,854
15,382
246,896
8,889
46,016
30,242
4,331
47,282
50,364
69,880
11,826
143,759
8,986
180,838 1,091,298
745,707
245
34
72
1,306
565
27
2,249
11,446
16,848
21,250
1,713
7,812
9,760
1,678
3,605
5,512
25,362
3,179
8,280
3,798
390,442
145,035
347,111
51,458
252,502
235,267
114,945
119,952
149,909
257,395
76,782
178,476
246,660
*-%
1,928
875
480
28
711
75
115
3,323
74
120,243
2,565,934
13,635
79
150
40
Banks
in foreign
countries
20
3,015
557
7
8
1,020
804
692,720
41,786
90,492
14,887
17,325
7,050
13,314
10,946
33,087
6,405
16,200
14,298
6,317
9,419
8,796
23,905
5,712
22,253
10,186
3,576
239
1,995
3,718
81
1,233
448,131
480,115
211,436
4, 729,419
484,439
2,124,444
720,381 18,017,519
54,575 1,361,194
143,326 3,338,168
13,869
431,239
24,959
703,497
10,440
320,455
553,057
270,091
975,695
217,021
622,019
673,216
261,856
467,846
417,578
1,425,150
351,584
777,954
395,635
States
and
Banks in
political United
subStates
divisions
6,318
434
1,152
47,867
10,440
28,671
43,044
381
500
925
3,561
7,899
30,339
15,110
26,247
12,539
28,365
31,060
12,324
14,587
19,878
52,110
11,986
26,418
21,454
Postal
savings
24
30
752
5
816,005
25
500
17,275
833,805
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
_
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
__
Wyoming
Colorado
New Mexico
Oklahoma..
1,850
1,785
425
723
370
1,312
5,093
510, 566 12,007,334
48
365
48
Total United States
and possessions
10,018
187
84,091
2,696
1,397
2,875
1,611
225,992
2,432
17
58
17
1,252
2,128
9
1
7
5
19
4
5
10
5
333
15
54,971
5,520
281
624
416
426
11, 232
5,202
713
100
27, 572
642, 875
3,515
389
79,385
120
397, 716
2,512
86 222
1 645
78, 699 2,031,220
38, 272
1,093
183,139
3,489
21,506
1,682
53,958
3,526
20
5
2,749
16
39
5 901
162,267
57
1 018
3,509
14
17
10
250
16
927
2,500
847
2,812,033
2,800
47
172,481
4,834
4,780
978,757 2,064, 672 49,089,600
81, 529
17, 614
972,489
241, 253
838, 585
7,945
1,816
5,875
91,934
93,485
404
16
17
2,884
1, 764
12
690
600
40
2,100
4,950
44, 518
35
2,482
657
55,848
1,399
18, 271 1,028,337
242, 652
67, 111
158,063
84 194
2,419,324
66,641
188,590
40,731
120,297
2,266
822
175, 236
1,914
28,938
339
594
781
52
22, 572
156,805
3,077,840
78, 525
277, 966
210,109
23,504
3
96
92,646
3,618
565
3,157
10, 565
32,641
378
1,741
6,828
494
571
50
68
62
488
1,228
9,014
4
9,134
1,199
10,874
604
15
651
255,699
44, 782
51,010
84
10
16,167 2,167,015 51, 241, 584 1, 693,979 4,398,584 5,279,663
1,357
202,816
979,956 2,075, 546 49,292,416
5
4,780
16
1,383
1,361
84,011
i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
74
62
110
36
72
22
12
18,168
13 508
115,396
14, 296
63,453
11,080
42,065
250
370
1,708
2,982
450,649
44, 542
96,095
1,190
60,664
37,290
6,303
16,450
777
7,223
60,570
63,419
48, 718
157,979
67,056
20,664
117,417
26, 754
80,298
3,493
2 125
62,209
1,694
4,990
684
3,330
3,005
10,803
5,376
12,472
12,863
248
731
172
40
26
191
221
151
79
8,784,001
47,198
14,131
8,117
4,772
89, 660
138,105
310
1,002
60
101
1,504
25
75
61
154
1,469
1,757
2,654
5,990
3,455
642
5,186
1,577
4,842
2,093,118
16,167 2,122,473 50,985,885 1,649,197 4,347, 574 5, 270, 529
56,473 2, 227, 553
573,707
12,417
47,603 1,425,893
44,199 1, 752,944
897, 619
23,432
714, 319
10,454
532,064
22, 643
659,902
20,005
237,226
7,715
4 975
124,314
2,803
10,108
2,430
4,460
8,298
34,977
100
51,164
767,728
12
5
20
20
917
Total possessions
412, 265 1,310, 272
2,845
1,721
2,093
11,660
14,994
582
26, 743
271
6,202
1,396
51,164
3,050
60,201
27,842
34,106
183,342
41,383
12,546
29,975
18, 770
42,484
__
Alaska
Canal Z one (Panama).
Guam
The Territory of HawaiiPuerto Rico
American Samoa
Virgin Islands of the
United States
130, 617
7,376
177, 585
44, 225
25, 561
3,116
17,209
362,039
2,915
3,463
7,820
11, 726
4,883
1,263
6,015
4,288
4,825
110
Total United States
(exclusive of possessions) _ _
182, 637
171,341
149, 566
223,163
79,943
85,484
178, 772
239,366
158,094
180,042
329,921
533, 545
220,884
55,956
275,196
88,325
251,155
1,286
Total Pacific States..
99,950
27,357
101, 208
53, 613
29,148
12,178
31,077
57, 734
7,363
6,440
13,098
22,477
6,485
1,398
13,402
3,363
10,065
130
Total Western States.
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
440
101,941 2,623,332
32,196
919,818
90,602 2,495, 799
85,772 1, 615,160
43, 562
959,758
25, 791
472, 624
41, 797 1,028, 217
88,905 1,892, 626
160
287
838, 585
TABLE NO. 41.—Assets and liabilities of active State commercial banks, Dec, 31, 1955 l
CO
ASSETS
[In thousands of dollars]
Number of
banks
Location
Maine
^
New Hampshire
Vermont.—
Massachusetts
Rhode Island
Connecticut
.
Total New England States.
New York
New Jersey.
Pennsylvania.
Delaware
Maryland- _
_
District of Columbia
Total Eastern States
VirginiaWest Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas.
_
Arkansas
Kentucky-__
Tennessee-
__.
_
._.
_
Total Southern States. _..
U.S.
ObligaGovern- tions of
Loans
ment
and disStates
obligacounts,
and
tions,
including
political
direct
oversubdiand guar- visions
drafts
anteed
139,545
59,655
93,443
743,180
173,690
474,976
103,818
37,877
44,493
544,123
118,137
340,432
12,793
4,588
10,949
100,347
22,241
98,538
1,684,489
1,188,880
to
Balances
Investwith
ments
other
Corporate
Real and other
banks, in- Bank
stocks,
estate
Other
cluding premises owned indirectly
includbonds,
owned,
Currency reserve
ing
other
reprenotes,
furnithan
and
stocks of and coin balances
senting
and cash ture and
deben- Federal
bank
bank
tures
items in fixtures premises premises
Reserve
process of
banks
or other
collection
real
estate
6,087
4,379
2,822
45,541
11,104
14,022
1,591
4,143
1,093
3,935
2,451
5,526
8,899
1,668
2,769
35,701
8,709
24,723
44,493
8,257
15,853
346,045
58,412
203,599
3,602
1,142
1,238
3,877
15,092
238
81
248
41
285
299
741
250
104
249,456
83,955
18,739
676,659
44,240
762
1,679
203 14,314,218 7,202,590 1,436,840
904,251 276,400
109 1,127,450
291 2,616,747 1,506,533 356,611
279,479
240,894
21
13,640
477,844
439,630
95
55,853
232,582
168,523
7,069
398,276
65,330
142,375
5,718
27,094
12,620
102,647
10,418
37,322
3,769
4,399
867
191,338
50,521
96,634
10,192
28,303
10,248
8,214,897
408,285
1,111,676
80,950
197,954
111, 647
210,856
34,192
60,585
5,437
12,955
8,145
671
283
2,394
124
6,912
1,036
50
1,150
728 19,048,320 10,462,421 2,146,413
651,413
159,422
387,236 10,125,409
375,008
213,534
497,876
111,241
329,812
469,963
160,071
203,591
258,646
541,657
150,908
425,230
209,190
62,588
30,586
152,753
32,735
45,994
76,148
39,573
106,498
100,269
119,235
42,495
32,905
55,064
17,883
4,848
85,808
15,57$
8,372
4,637
8,637
5,531
2,743
36,619
6,949
19,284
6,458
1,571
1,331
2,284
207
1,440
571
354
488
620
4,998,438 3,946,727
896,843
223,348
14,564
210
184
106
174
123
305
156
168
170
134
474
179
278
222
2,673
516,638
189,711
763,333
110,433
477,898
384,293
166,751
282,771
264,147
194,504
501,703
342,596
207
1,132
990
232
184
332,170
5,452
11,666
229,609
100,161
405,651
69,281
249,725
207,422
95,417
170,176
204,874
520,659
129,262
313,271
166,182
15,466
4,536
16,153
2,924
11,435
15,338
3,611
7,210
6,680
25,809
3,610
6,820
10,008
350
56
248
68
617
719
144
275
243
3,255
32
217
476
2,830
925
176
7
178
402
227
1
1,312
207
320,113 2,861,690
129,600
6,700
6,375
27,833
13,733
47,755
11,648
26,734
28,609
13,030
21,417
24,501
45,738
11,078
26,539
21,498
Customers'
liability
on accept- Other
ances
assets
outstanding
1,187
93
10
1,290
730
92
304
5,753
957
2,638
Total
assets
322,081
121,882
173,329
1,846,090
399,962
1,179, 748
10,474 4,043,092
280,462 153,575
191 10,154
6,991 19,026
4 2,157
6,875
474
2,411
32,508,764
2,887,599
5,965,494
643,508
1,251,615
555,262
288,122 194,198 43,812,242
18
8
50
993
56
52
275
1,452
2,145
1,206
9,908
631
3,114
3,268
593
699
1,656
2,390
307
1,520
1,254
1,251,921
560,627
1,981,963
354,762
1,155,369
1,192,363
488,408
798,657
865,747
2,102,598
539,352
1,328,740
814,034
28,691 13,434,541
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri..
-
-
Total Middle
States
.
»
Western
North Dakota
South Dakota
Nebraska Kansas
Montana
_Wvominer
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 4
American Samoa.
Virgin Islands of the United
States
Total possessions _
Total United States and
possessions
345,917
78,039
384,674
340,702
133,172
68,252
141,705
204,076
86,712
17,645
162,959
33,271
28,609
38,527
20,274
72,795
6,846
1,069
9,110
4,068
1,205
206
977
16,579
95,242
36,812
51,290
70,996
38,647
20,335
31,675
44,619
940,515
286,254
879,279
613,130
318,212
152,518
298,710
774,691
31,657
10,298
20,334
38,625
14,881
7,616
8,650
20,208
88
91
1,078
274
338
236
47
157
10,813
686
5,722
128
1,509
179
1,424
1,404
26
4
1,077
17,330 5,439,498
1,903 1,783,783
15,379 4,810,773
8,639 4,077,542
4,739 2,161,328
2,143 1,179,262
1,239 1,965,728
9,098 3,537,853
8,858,453 1,696,537
21,865
1,649
60,470 24,955, 767
392 2,047,871 1,856,437
345
583,934
767,000
528 1,473,373 1,807,231
343 1,442,688 1,524,945
458
791,202
828,814
502
475,866
413,358
563
828,410
632,613
527 1,365,094 1,028,055
3,658
9,008,438
460,792
40,060
389,616
4,263,309
152,269
2,309
116
137
297
431
73
28
87
26
187
103,887
101,280
164,091
349,771
137,191
31,595
222,410
55,410
157,932
177,203
138,194
191,399
312,399
129,564
36,630
156,480
53,258
127,477
33,722
13,683
20,901
117,171
22,667
5,112
20,420
5,491
31,661
14,403
3,203
6,208
3,595
8,994
1,179
1,474
738
4,862
77
118
283
374
324
79
505
81
75
3,856
4,220
6,386
14,592
4,850
1,575
7,761
4,497
8,401
39,717
46,825
81,932
182,320
68,882
23,448
101,593
35,454
93,447
953
1,309
1,793
5,100
1,511
663
3,025
2,060
2,249
4
10
69
249
374
42
222
10
40
1,382
1,323,567
1,322,604
270,828
44,656
1,916
56,138
673,618
18,663
73
36
92
25
44
3
8
128,001
67,365
2,403,947
56,598
217,769
35,336
85,291
99,910
64,610
1,672,525
39,198
152,585
30,755
88,214
26,208
14,444
312,129
8,953
26,026
2,425
14,768
10,371
320
84,299
410
3,224
384
7,508
250
74
5,816
81
510
71
82
6,238
3,840
47,863
2,354
5,735
2 606
6,184
45,766
25,466
899,622
24,661
99,981
11 676
35,882
3,341
2,356
52,883
1,010
3,298
1 416
3,711
281
2,994,307
2,147,797
404,953
106,516
6,884
74,820
1,143,054
241,585 1,310,392 19,743,739
8,932 39,057,559 27,926,882 5,665,030 1,570,680
10
00
9
10
1
10,224
1,127
8,353
110,952
253,190
133
374,105
309,051
473,583
986,115
375,113
100,358
516,046
157,226
426,795
1,020
406
4,976
3,718,392
49
21
456
60
89
3
592
148
1
1,289
4
1,574
394
253
21,969
141
393
203
1,660
320,676
178,750
5,510,294
133,470
511,184
84,875
243,992
68,015
1,270
3,116
25,013
6,983,241
744,957
17,513
45,107
422
32
227
5,032
5,294
2
16
1,159
63,370
63,013
963
12,753
31,492
4,403
8,511
1,095
1,407
3,725
1 323
9,664
20,135
54
208
238
36
45,404
14,933
1,095
36,516
72,384
242,680 1,346,908 19,816,123
1
1,640
2,082
31
385,619
145,772
8,963 39,443,178 28,072,654 5,710,434 1,585,613
4 052
1,060
27
33,399
33,153
455
21 Includes stock savings banks.
3 2 branches of a national bank and 2 branches of a State member bank in New York.
4 Branch of a national bank in California.
Asset and liability items include data for branches of a national bank and a State member bank in New York.
47
154
1
74
57
73
283
209
521
497
602
34
2,082
170
578
14,609
1,735
2 019
70
52
344
76
7,496
100
7,496
300,009 323,822 96,947,275
57
293
370
3
310
1,083
66
13,207
14 034
1,057
13,962
22
4,226
11,045
736
3
1,393
42,359
757,259
756,002
18,249
45,110
33,974
20,886
24,021
242,331
430,203
1,618
301,402 366,181 97,704,534
CD
00
TABLE N O . 41.—Assets and liabilities of active State commercial banks, Dec. 31, 1955—Continued
CO
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Time
deposits
Total
deposits
AcceptBills pay- ances executed by
able, rediscounts, or for acand other count of
liabilities reporting
for bor- banks and
outstandrowed
ing
money
Other liabilities
Capital
stock i
Surplus
Undivided
profits
Reserves
and retirement account for
preferred
stock and
capital
notes and
debentures
o
W
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
155,930
22,940
52,902
1,408,880
256,490
791,786
_
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
_
136,618
85,344
103,701
252,534
108,531
283,618
292,548
108,284
156,603
1,661,414
365,021
1,075,404
50
50
100
900
1,187
93
10
2,855
798
689
23,732
4,972
12,196
970,346
3,659,274
1,290
45,242
102,387
155,210
68,118
10,073
761,809
65,425
143,536
650
298,144
191
7,141
4
474
622,532
26,687
66,776
312,453
152,134
28,946,643
2,658,142
5,319,288
578,516
1,145,347
507,826
11,383
7,576
25,416
10,440
1,362,461
91,677
307,617
35,334
48,646
19,610
36,536
87,139
8,529
15,377
6,737
26,536
8,741
12,612
426
4,322
3,073
305,954
741,784
1,020,495
1,865,345
641,217
55,710
31,584
15,160
26,277
12,539
27,670
31,060
12,333
15,135
19,895
50,650
11,986
26,468
21,454
42,703
26,826
87,929
12,760
35,297
30,312
15,288
17,267
12,167
19,633
5,054
22,928
11,350
10,691
1,466
8,753
2,684
3,058
7,607
835
9,788
2,443
746
724
2,159
13,048
21,426
16,651
1,958
2,129
2,407
302,211
451,672
190,993
45,137
_
Total Eastern States
_
31,636,084
7,519,678
39,155,762
25,975
431,900
146,139
416,556
1,143,239
129
1,125
400
18
260,881
289,530
116,448
120,286
164,569
294,967
78,218
193,380
258,171
200
50
993
__.
711,339
352,119
1,382,684
266,806
782,299
818,742
330,728
618,351
643,522
1,656,183
418,603
1,024,249
482,343
1,951,150
496,821
1,217,629
740,514
250
625
275
14,315
4,033
40,859
1,362
16,088
7,733
2,174
3,207
4,520
11,653
683
9,190
9,317
9,487,968
2,826,443
12,314,411
3,487
1,496
125,134
Total Southern States
31,448
6,770
14,059
is
735
5,972
270
1,906
4,500,420
1,048,817
1,409,166
_
Virginia—.
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
48,454
6,775
29,940
7,489
4,671
3,681
9,010
5,581
5,740
73,485
16,061
45,333
2,688,928
24,446,223
1,609,325
3,910,122
481,828
832,894
355,692
-
9,305
2,132
5,781
1,799,240
322,204
1,043,180
1,108,272
447,176
738,637
200
21,385
155"
56
190
22,273
49,797
14,856
51,552
22,791
I
o
a
o
d
26
4
1,246
42,256
14,093
35,254
45,088
7,080
4,635
3,562
31,455
102,426
32,408
90,602
87,602
45,787
25,791
42,315
89,700
182,392
46,065
112,566
98, 756
63,083
33,383
61,106
94, 246
63,164
34,417
66,800
59,923
38,894
23,814
51,398
70,188
3,516
2,441
41,053
12, 798
4,221
7,876
6,528
7,843
1,818
183,423
516,631
691, 597
408,598
86,276
1,015
659
426
2,222
2,146
1,707
248
6,738
644
2,346
7,363
6,488
13,118
22,497
6,485
1,528
13,402
3,375
10,070
9,474
7,665
16,095
31,568
7,996
3,408
12,803
2,897
10,791
8,802
8,956
11,784
23,492
5,099
2,668
7,730
1,279
11,304
6,319
1,733
1,856
1,084
588
405
1,825
1,383
626
5,368
17,136
84,326
102,697
81,114
15,819
2,844
1,148
65,226
964
4,851
1,236
3,407
7,715
4,975
125,600
2,803
10,218
2,430
4,460
11, 017
4,870
162,995
4,001
14,254
1,765
7,532
5,295
1,617
66,865
1,455
7,417
905
3,154
522
396
4,045
337
641
7,586
79,676
158,201
206,434
86,708
6,651
318,144
1,192,395
2,184,251
3,472,955
1,476,748
219,666
867
1,075
568
325
310
1,083
80
4
489
3,040
29,855
16
67
8,298
34,977
100
250
9,137
9,882
50
50
4,419
1,927
9
59
3,255
1,608
14
265
3,065,783
1,128,325
2,974,457
1,981,605
1,117,728
583,625
1,269,193
2,574,645
1,979,626
525,982
1,486,698
1,791,644
884,416
499,607
531,564
667,430
5,045,409
1,654,307
4,461,155
3,773,249
2,002,144
1,083,232
1,800,757
3,242,075
2,999
50
119
505
58
1,100
14,695,361
8,366,967
23,062,328
5,096
225,524
214,825
376,594
746,263
285,599
70,989
343,115
113,231
309,508
115,564
68,958
49,004
158,649
67,539
21,112
129,906
34,417
81,135
341,088
283,783
425,598
904,912
353,138
92,101
473,021
147,648
390,643
400
2,685,648
726,284
3,411,932
185,240
102,342
2,873,436
85,638
289,463
54,516
169,908
108,043
63,402
2,204,541
38,272
184,340
24,023
54,821
293,283
165,744
5,077,977
123,910
473,803
78,539
224,729
3,760,543
2,677,442
6,437,985
Total United States (exclusive of possessions)
_- 64,954,532
23,087,160
88,041,692
20,358
19,066
13,793
116,160
200,022
990
1,280
10, 701
1,816
9,739
97,512
140,116
439
2,520
31,059
20,882
23,532
213,672
340,138
1,429
3,800
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
_
Total Middle Western States
North Dakota
South Dakota _
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
-
_
Total Western States
Washington.- _ _
Oregon
California
Idaho
Utah___
Nevada
.
Arizona
-
Total Pacific States
Alaska
_ _ __
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States
Total possessions
Total United States and possessions
- -
70
52
344
76
2,910
416
100
527
7,586
41,424
200
10,733
o
o
710
371,669
262, 843
634,512
10,933
1,393
33,551
44,492
20,194
6,982
5,202
65,326,201
23,350,003
88,676,204
52,357
319,537
1,225,946
2,228,743
3,493,149
1,483,730
224,868
i Includes capital notes and debentures. (See classification on pp. 198 and 199.)
CO
TABLE N O . 41.—Assets and liabilities of active State commercial banks, Dec, 81, 1955—Continued
[In thousands of dollars]
CO
Loans and discounts
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States
Commercial
and
industrial
loans
(including
openmarket
paper)
Loans to
farmers
directly
guaranteed by
the
Commodity
Credit
Corporation
37,683
5,785
12,691
322,853
69,617
150,784
"164"
4,508
387
5,921
2,591
199
4,600
400
30,726
1,411
6,637
18,206
...
England
New York
New Jersey
Pennsylvania
Delaware...
Maryland..
District of Columbia
Total Eastern States
1,325
Secured
by
other
properties
1,117
70
907
28, 111
997
6,260
3,768
1,510
6,966
1,303
303
3,091
38,671
36,917
40,877
100,502
34,504
141,585
15, 372
8,248
12,195
49,909
15,116
25,654
36,496
6,400
14,149
195, 994
40,378
136, 790
2,576
3,300
400
16,941
393,056
126,494
430,207
6,276
2,410
17,485
7,014
13,051
2,721
1,086,685
440,034
500,800
67,154
135,892
46,937
252,198 1, 719, 964 350, 650
86,836
302, 529
791,909
140,614
3,525
17,060
84,173
37,708
127, 489 T§66'
15,832
75,841
604,423 14,566,644
18,839 1,152,874
108,753 2,665,012
4,902
281,883
22, 433
484,421
13,815
233,583
252,426 14,314,218
25,424 1,127,450
48,265 2,616,747
2,404
279,479
6,577
477,844
232,582
1,001
63,067 2,277,502
550,248 3,101, 905 355,475
773,165 19,384,417
336,097 19,048,320
212
40,499
37,462
12,714
41,887 1,667,247
2,550
43,951
57,744
12,171
5,680
1,932
15,245
8,957
5,545
81
552,432
9,147
93, 743
3,709
10,655
466
9,716,671
13, 242
67,578 1,795,412
670,152
3,571
7,370
21,273
100
16,754
50,771
13,916
78,340
2,961
14895
18,479
4,221
24,845
7,313
23,369
14,685
15,572
20,358
11,316
85,966
22,845
34,135
27,913
1,380,091
266,122
311,017
305
3,150
1,223
190
1,047
2,337
449
630
4,610
383
2,137
4,646
14,076
2,690
9,535
4,791
3,644
6,657
1,611
16,360
2,565
13,509
2,539
20,220
6,914
31,521
7,361
27,841
11,678
13,058
19,392
14,933
12,394
13,043
44,143
32,232
122,001
61,424
79,689
25,074
100,857
66,222
31,867
27, 016
55,757
60,846
22,059
85,022
62,209
46,614
84,760
254,730
800,043
2,479
197
29,919
29,683
16,759
51,016
24,107
34,037
9,853
13,230
26,189
35,634
10,026
28, 461
16,965
Other
loans
to
individuals
All
other
loans
(including
overdrafts)
Secured
by residential
properties
(other
than
farm)
599, 413
123,214
28,564
287,588
18, 653
139,236
125,637
30,692
86,920
60,880
245,012
27,360
146,405
Real-estate loans
Secured
by farm
land
(including
improvements)
8,258,058
246, 578
938,257
89, 791
111,642
72,345
Virginia—
West Virginia
North Carolina...
South Carolina
Georgia
Florida.
Alabama
Mississippi
Louisiana
Texas
Arkansas.
Kentucky
Tennessee
Total Southern States. _
48
Other
loans
to
farmers
Other
loans for
the purLoans to pose of
brokers purchasing or
and
dealers carrying
stocks,
in
securities bonds,
and
other
securities
192,836
63, 489
237, 754
35,187
125, 790
123,363
45,278
57,066
73,332
263,783
39, 752
130,007
122,010
302,344 1,509,647
Loans
to
banks
20
"247"
259
227-
890
Total
2,216
419
332
19,622
10,653
5,975
141,204
59,736
94,602
754,187
176,478
481,776
39,217
1,707,983
10,639
5,724
16.470
1,831
8,015
6,950
2,265
5,437
8,743
11.471
1,734
19,636
7,626
522,013
191,938
776,696
111,863
483,432
388,913
169,173
287,928
269,014
810,337
195,880
508,910
346,702
106, 541
5,062,799
Less
valuation
Net
loans
1,659
81
1,159
11,007
2,788
6,800
139,545
59,655
93,443
743,180
173,690
474,976
23,494
1,684,489
5,375
2,227
13,363
1,430
5,534
4,620
2,422
5,157
4,867
6,677
1,376
7,207
4,106
516,638
189,711
763,333
110,433
477,898
384,293
166,751
282,771
264,147
803,660
194,504
501,703
342,596
64,361 4,998,438
493,324
81,856
532,026
272, 772
170,610
49,080
134,210
412,179
8,261
14,526
27,396
5,118
275
39,861
70,979
36,262
49,808
72,146
116,540
61,270
72,875
112,682
244,465
97,931
80,423
860
86,794
5,386
2,823
270
795
13,103
121,833
3,170
70, 648
11,044
7,183
2,340
6,763
14,887
Total Middle Western
States
_
- 2,146,057
202, 678
827,717
190,454
237,868
4,669
7,380
18, 577
59,185
22, 528
4,649
59,117
15,326
28, 848
38,290
18,843
22, 451
41,181
24,021
488
2,742
1,765
7,905
31,277
41,889
76,197
106, 765
31,027
11,500
34, 536
10, 595
34,482
220, 279
157,686
378,268
34,164
19,162
682, 439
12,125
52,106
9,704
27, 645
7,481
571
1,139
3,370
363
1,281
8,490
4,493
48,011
15,729
23, 579
2,902
6,127
837, 345
14,205
109,331
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
Total United States (exclusive of possessions) __ 14,899, 856
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii-~
Puerto Rico
American Samoa
Virgin Islands of the
United States
Total possessions _ _
2,134
995
2,082
19,838
122,438
69
620,013
186, 632
264,129
540,375
264,987
134,806
158,504
343, 987
*
356, 814 2, 513,433
130, 205
34, 492
53, 706
98,176
74, 570
24, 335
37, 416
83,602
453, 730
152,993
276,850
402,806
127, 735
80,530
115, 625
296,156
536, 502 1, 906, 425
53
148
176
67,088
6,761
33, 556
21, 225
21, 417
4,117
8,636
39, 572
2, 079, 875
592,637
1, 493, 443
1, 458,121
805, 223
479, 392
835,802
1, 381, 596
32,004
8,703
20,070
15,433
14, 021
3,526
7,392
16,502
2,047,871
583,934
1,473,373
1,442,688
791,202
475,866
828,410
1,365,094
5,769
202,372
9,126, 089
117,651
9,008,438
105, 378
102, 686
166, 785
352,138
139, 722
31, 825
225,015
56, 466
159, 306
1,491
1,406
2,694
2,367
2,531
230
2,605
1,056
1,374
103,887
101,280
164,091
349, 771
137,191
31, 595
222, 410
55, 410
157,932
192
5,200
149
!
124
m "557
!' 2,250
835
110
2,508
202
989
5,051
3,300
6,976
15,370
2,230
784
2,215
1,540
4,823
13,110
17,680
14,434
47, 924
26, 777
7,179
29, 701
7,256
11, 337
1,617
2,841
4,249
12, 345
4,519
2,651
11,189
3,453
4,638
11,075
9,738
20,161
62, 689
26, 052
4 395
79 300
15, 936
65, 301
22
140
891
3,123
3,124
1,483
69
3, 275
393
961
1,408
7,724
42, 289
175, 398
47, 502
294, 647
661
13, 459
1, 339, 321
15, 754
1,323, 567
153
4,617
2,027
34,605
1,341
6,677
497
846
32,500
18,853
960, 070
6,993
59, 934
7,425
19, 982
10, 665
4,681
193 360
2,113
20, 456
4,247
3,381
29, 056
15, 947
395, 458
14, 780
46, 940
9,602
26, 413
44
30,889
6
2,758
909
910
31,191
501
1,866
1,165
1,575
59, 080
398
5,319
1,267
515
129, 244
68, 219
2, 436, 438
57, 356
219, 998
35, 644
86, 201
1,243
854
32, 491
758
2,229
308
910
128, 001
67, 365
2, 403, 947
56,598
217, 769
35 336
85, 291
33,806
35,388
50, 610 1,105, 757
238, 903
538,196
69,319
3, 033,100
38, 793
2, 994,307
40
1,036
250
82
11
654,145 1,712,117 2,108,193 1, 073, 354
140
28
117
3,611
2,077
17, 762
9,851
5
2,010
130
3,350
16,904
42,963
58
15,263
7
13, 545
531
162
5,318
2,778
42, 575
39,140
436
20
595
15,408
7
14,104
5,597
88,540
29, 710
66, 010
654,145 1, 727, 525 2,108, 200 1, 087, 458
20
269
350
196
240
784, 451 7, 265,189 1, 801, 993 7, 781, 027 369, 311 1, 204, 073 39, 653 709
589
148,145
Total United States and
15,048,001
possessions
54,998
39,201
26, 598
39,949
62, 748
31,318
58,261
43, 741
828
276
2
138
266
17, 755
6
10,393
1,127
8,353
111, 052
254,094
133
18, 443
386, 792
596,150 39, 057, 559
169
100
904
1,640
1,640
828
790,048 7,353,729 1,831, 703 7,847, 037 370,139 1, 222, 516 40,040, 501
10, 224
1,127
8,353
110, 952
253,190
133
1,173
385,619
597,323 39,443,178
CO
4
TABLE N O . 41.—Assets and liabilities of active State commercial banks, Dec. 81, 1955—Continued
CO
00
[In thousands of dollars]
Capital
IndividCapital
Certified IndividStates Banks Banks
States
uals, part- U. S. Postal
in
notes
and
Pre- Common uals, part- U . S .
Banks in Banks in
and
in
and
foreign cashiers' nerships, Govern- savings political United foreign
ferred
stock
nerships, Govern- political United
and
and cor- ment
subStates counand corsubdeben- stock
States countries checks,
ment
porations
tries
divisions
divisions
porations
tures
etc.*
Location
123,204
17,802
42,700
1,158,432
212,218
670,080
1,368
101,019
2,224,436
65,158
1,887
3,670
210
717,381 17,866,783
54,575 1,351,572
143,326 3,333,255
13,869
431,239
24,959
701,838
10,440
320,455
690,519
41,618
90,256
14,887
17,289
7,050
661,804 2,977,889
34,775
134,091
138,676 286,392
5,973
19,746
39,949
66,016
14,878
33
6,224
964,550 24,005,142
861,619 1,020,366 3,359,856
914,849 1,474,252
1,245
30,339
553,057
15,110
270,091
26,247
975,695
12, 539
217,021
27,637
615,306
31,060
673,216
12,324
261,856
14,587
467,846
19,878
417,578
50,650 1,376,794
11,986
351,584
26,418
777,954
21,454
395,635
468
800
England
42,541
7,180
New York
New Jersey
Pennsylvania
Delaware
Maryland.
District of Columbia
457
49,721
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina „_
Georgia
Florida .
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
9,205
2,132
5,313
47,654
6,775
29,940
100
Maine .
...
NAW TTfLmpshirB
Vermont-_ .
Massachusetts
Rhode Island
_.
Connecticut
Total New
States.
Time deposits
Demand deposits
_
Total Southern States
50
30
33
9
548
17
50
83
1,899
300,229
7,353,633
4,602
531
2,116
31,539
5,385
20,985
18,143
3,228
6,617
99,473
21,862
46,809
3,677
945
321
68,554
6,147
25,622
196,132
105,266
71,423
38,852
105,722
32,778
96,941
89,920
56,546
90,199
161,272
161,724
46,302
71,976
63,738
61,854
15,382
246,896
8,889
45,991
30,242
4,331
47,282
50,364
69,099
11,826
143,759
8,986
180,460 1,087,393
744,901
13,314
10,946
33,087
6,405
16,200
14,298
6,317
9,419
8,796
23,527
5,712
22,253
10,186
134,266
85,137
102,685
247,687
107,496
283,040
369
3,015
557
7
6,304
434
1,148
47,867
10,321
28,283
3,579
94,357
960,311
2,201
905,043 1,344,185
46,803
466
6,903
54,640
9,983
6,973
829
11,668
1,608
3,255,654
1,029,655
1,368,184
86,156
294,980
126,960
43,044
381
500
925
3,561
7,899
245
34
72
1,306
565
27
2,249
8
1,020
804
79
150
40
269
355
20
6,161,589
56,310
375
11,446
16,848
21,250
1,713
7,789
9,760
1,678
3,605
5,512
24,474
3,179
8,280
3,798
390,442
145,035
347, 111
51,458
252,232
235,267
114,945
119,952
149,909
251,158
76,782
178,476
246,660
3,563
47
1,719
697
1,928
875
480
28
711
71
115
3,323
2,257
147
8,105
5
488
2,942
34
119,332
2,559,427
13,631
1,963
207
1,000
3,718
81
538
20
7,507
58
8
30
163,928 223,969 813,825
54
25
18,702
43
500
39,584
9,607
5
13,887
17,275
245,708 224,071 831,625
385
18
475
5
62
35,079
856
58,475
868
5,464
49,116
884
281
12,799
43,465
791
11,549
10,562
559
54
1,146
2,370
769
1,330
105
25
765
255
55
27
813
14,923
230,189
8,273
160
287
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
_
Wyoming
Colorado.
__
New Mexico
Oklahoma .
.
365
440
1,850
1,785
425
723
370
1,312
5,093
48
20
20
130
.
48
Total Western States
Washington
Oregon
California
Idaho
__ . _
Utah
Nevada
Arizona
1,286
110
Total Pacific States .
1,396
Total United States (exclusive of possessions).. 51,164
Alaska
Canal Zone (Panama)
Guam .
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the
United States
1,887,511
522,863
1,425,893
1, 752,750
877,838
482,751
630,539
659,902
1,002
60
101
1,504
25
75
61
154
731
172
40
26
191
221
151
79
90,337
1,190
60,664
37,290
6,300
16,450
777
7,223
45
1,697
2,875
54,406
12,190
47,603
44,198
23,432
10,223
22,642
20,005
10,018
234,699
8,140,047
2,982
1,611
220,231
2,096
1,469
1,757
2,664
5,990
3,455
642
5,186
1,577
4,842
60,570
63,419
48,718
157,979
67,056
20,664
117,417
26,754
80,298
22
12
17
68
17
1,252
2,128
9
1
7
5
19
4
5
10
5
100
27,572
642,875
3,515
333
15
389
54,971
5,520
281
624
416
426
11,232
5,202
713
79,385
120
107,964
57,532
2,031,220
38,272
183,139
21,506
53,958
20
5
2,749
16
29
5,870
162,267
3,509
14
17
10
2,493,591
2,800
954,199 2,042,858 20,957,840
81,439
17, 614
7,899
1,816
5,875
91,934
93,485
404
16
17
2,769
1,764
12
690
600
40
2,100
4,950
44,518
35
657
55,733
179,730
169,109
149,566
223,145
79,943
85,484
178,492
239,366
130,617
7,376
177,585
44,225
25, 561
3,116
17,209
362,039
3,050
412,200 1,304,835
767,728
99,929
27,318
101,208
63,612
29,144
12,178
31,077
57,734
2,696
1,397
7,363
6,440
13,098
22,477
6,485
1,398
13,402
3,363
10,065
158,094
180,042
329,921
533,545
220,884
55,956
275,196
88,325
251,155
2,915
3,463
7,820
11,726
4,883
1,263
6,015
4,288
4,825
60,201
27,842
34,106
183,342
41,383
12,546
29,975
18,770
42,484
2,845
1,721
2,093
11,660
14,994
582
26,743
271
6,202
84,091
2,093,118
47,198
450,649
67, 111
7,715
4,975
124,314
2,803
10,108
2,430
4,460
158,063
84,194
2,419,324
66,641
188,590
40,731
120,297
3,450
2,121
62,209
1,694
4,990
684
3,330
18,168
13,508
115,396
14,296
63,453
11,080
42,065
2,266
822
175,236
1,914
28,938
339
594
781
52
22, 572
96
2,512
1,645
78,699
1,093
3,489
1,682
3,526
156,805
3,077,840
78,478
277,966
210,109
23,504
92,646
16,167 2,116,920 50,720,050 1,645,113 4,337,341 5,254,971
8,298
34,977
100
51,164
2,598,051
912,332
2,495,799
1,615,028
959,648
472,624
1,019,773
1,892,626
510,226 11,965,881
867
Total possessions
Total United States and
possessions
12
5
187
101,901
32,121
90,602
85,752
43,662
25,791
41,592
88,905
13,387
8,117
4,772
89,660
138,105
310
2,955
10,803
5,376
12,472
12,863
248
3,386
3,157
10,565
32,641
378
250
604
15
651
44,492
254,955
44,732
50,778
3
1,741
6,828
494
571
50
65
62
488
1,228
9,014
4
10
1,159
9,134
1,199
10,871
202, 572
2,482
955,398 2,053,729 21,160,412
83,921
565
16,167 2,161,412 50,975,005 1,689,845 4,388,119 5,264,105
84
5
25
250
16
927
2,500
847
47
172,440
3,784
4,780
4,780
955,460 238,402 836,405
16
1,383
1,361
i Includes dividend checks, letters of credit and travelers' checks sold for cash ,and amounts due to reserve agents (transit account).
74
62
110
36
72
1,399
18,271 1,011,193 239,801 836,405
CO
CO
TABLE N O .
42.—
and liabilities of active mutual savings banks, Dec, 31, 1955
ASSETS
[In thousands of dollars]
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England
States
New York
New Jersey
-
_
Delaware
Maryland.
Total 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 UnitedfStates
and possessions
U.S.
Government
obligations,
direct
and
guaranteed
Obligations of
States
and
political
subdivisions
32
34
7
189
8
71
134,403
130,701
146,683
235,590
21,412
91,466
2, 658, 979 1,701,972
121,305
209,482
692,822
958,608
341
4,284,826
Loans
and
Num- discounts,
ber of including
banks
overdrafts
2,818,597
129 11,203, 613 4,424,205
23
311,069
536,803
334,127
644,903
7
17,583
26, 272
2
223,524
193,229
8
169 12, 604,820 5,310, 508
Other
bonds,
notes,
and
debentures
Corporate
stocks,
including
stocks of
Federal
Reserve
banks
12,579
4,786
519
43,038
5,366
27,282
47,505
17,932
1,535
272, 572
46,978
214,852
19,508
30,202
1,455
225,954
19,619
87,799
1,939
1,360
722
20,105
2,769
10,570
93, 570
601,374
384,537
37,465
394,451 1,184,800
25,475 167,252
69,417 504,688
16,042
64,827
6,721
74,358
512,106 1,995,925
231,451
12,388
15,548
6,217
72,147
6,390
7,044
157
2,068
87,806
265,604
Currency
and
coin
Balances
Investwith
ments
other
and
Custombanks,
Bank
Real
other
asers'
includ- premises estate
sets in- liability
ing reowned,
owned
directly
on
serve
other
repre*
acceptbalances furniture
and
than
senting
ances
and cash fixtures
bank
bank
outitems in
premises premises standing
process
or other
of
real
collecestate
tion
11,615
11,898
3,490
82,412
8,102
44,498
Other
assets
Total
assets
142
692
142
9,214
437
16,534
360,515
452,188
121,901
5,040,899
416,332
2,064,673
1,769
2,754
1,071
25,302
2,268
11,136
354
291
89
1,351
6
572
162,015
44,300
2,663
27,161
8,456,508
540,564
36,427
28,744
4,212
13, 748
623, 695
109,135
8,519
9,412
497
2,868
130,431
1,114
222
5
159
65
1,565
154,792
5,039
8,117
4
28,663
196, 615
18,316,272
1,109,584
1,622,005
135,970
545,244
21,729,075
3
4
4
1
206, 567
26,599
7,746
129,211
125,009
23, 706
9,802
62,396
1,172
2,676
1,322
24,135
32,790
2,686
679
29, 567
4,838
23
47
7,394
313
248
420
23,376
3,827
1,805
5,744
2,451
175
68
413
6
8
47
1,867
109
6
38
405,470
60,122
21, 723
251,971
12
4
1
5
370,123
174, 509
22,181
196, 690
220, 913
101, 783
7,713
109.496
29,305
1,763
15
1,778
65, 722
27,277
4,908
333
333
34, 752
9,092
1,214
10,306
3,107
1,114
66
1,180
61
27,277
8,375
830
119
949
2,020
772
198
970
739,286
317,473
31,506
348,979
527 17,456,459
8,459, 514
636, 759 2, 690,298
655,382
134, 595
830, 768
179,018
4,289
226, 766 31,273,848
19
19
134, 614
830,787
179,018
4,289
226, 786 31,274,112
1
6
200
528 17,456,659
8,459,514
636, 759 2, 690,304
655,382
20
264
TABLE N O . 42.—Assets and liabilities of active mutual savings banks, Dec. SI, 1955—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.
Total 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
i Includes guaranty fund.
Time
deposits
Total
deposits
14
11
820
398
129
906
315,564
395,010
109, 762
4,481, 732
376,943
1,842,425
315,578
395,021
110, 582
4,482,130
377,072
1,843,331
2,278
7, 521,436
7, 523, 714
3,199
11, 781
236
3,117
16, 542, 544
998,588
1,496, 689
117,349
487, 606
18,333
29,606
4,547
114
231
Demand
deposits
Bills pay- Acceptances
able, redis- executed by
or for
counts, and
other liabili- account of
reporting
ties for
banks and
borrowed
outstanding
money
Other
Reserves
and retirement
account for
capital notes
and
debentures
liabilities
S rplus *
Undivided
profits
1,200
1,705
4,768
770
39,879
2,748
13,284
23, 576
28,764
2,840
291,060
32,888
123, 551
18, 724
19, 541
3,748
222, 638
3,554
74,688
932
3,245
3,961
4,642
70
8,619
2,599
63,154
502,679
342,893
21,469
16, 545, 743,
1,010,369
1,496,925
117,349
490,723
1,300
175,580
9,389
8,292
86
4,190
1,193,275
81,367
108, 692
18,058
20,145
301,992
362
4,195
195
30,186
98,382
8,097
3,901
282
19, 642, 776
19,661,109
1,300
197,537
1,421, 537
336,930
110, 662
346,059
50,224
19, 784
231,568
375, 665
54,771
19,898
231, 799
6,063
115
122
892
22,256
4,150
1,502
15,000
400
578
193
2,170
1,086
508
8
2,110
849
550
________;_-_-_
2
M
i
Ed
34,498
647,635
682,133
7,192
42,908
3,341
3,712
43
4
289, 794
29,739
289,837
29,743
3,101
387
18,325
744
3,299
632
2,911
2,911
47
319,533
319,580
3,488
19,069
3,931
55,156
28,131,380
198
28,186, 536
198
3,899
271,371
4
1,986,193
687,095
62
138,754
55,156
28,131, 578
28,186, 734
3,899
271,375
1,986,193
687,157
138,754
O
o
d
Ed
o
fcO
TABLE N O . 42.—Assets and liabilities of active mutual savings banks, Dec. 81, 1955—Continued
[In thousands of dollars]
Loans and discounts
Location
Maine _New Hampshire
Vermont - - Massachusetts
- jRh.od.6 Island
Connecticut.
Total New England
States—.
New York
New Jersey
Pennsylvania
Delaware
Maryland
Total Eastern S t a t e s Ohio
Indiana
Wisconsin.-- - ~
Minnesota
Total Middle Western
States -
Commercial
and industrial
loans
(including
openmarket
paper)
Loans to
fanners
directly
Loans to
guaranbrokers
teed by Other
and
loans to dealers
the
farmers in secuCommodity
rities
Credit
Corporation
Other
Real-estate loans
loans for
the purpose of Secured
Secured
purchas- by
resi- Secured
farm- by
ing or
dential
land
other
carrying (includproper- by
properties
stocks,
ties
ing
(other
bonds, improvethan
and
farm)
other se- ments)
curities
Other
loans to
individuals
1,247
3,726
952
528
440
671
34
39
1,544
33
52
51
1,132
1,412
655
1,294
7,564
1,650
4,596
1
12,002
34
1,000
46
45
5
1,091
6
23,429
90
1
75
23,519
76
12,036
—
=
Loans
to
banks
All
other
loans
(including overdrafts)
Total
gross
loans
Less
valuation reserves
Net
loans
1,288
1,406
6,234
6,306
169
5,375
113,635
186,780
72,236
2,317,063
196,068
895,370
11,749
37,997
6,588
3Q7,147
6,751
48,680
2,650
4,704
2,902
41,515
8,670
12,150
561
1,180
331
1,796
254
131,216
235,883
91,919
2,675,767
212,753
963,827
20,778
3,t81,152
418,912
72,591
4,122
4,311,365
9,462 10,036,602
269
499,667
562
616,161
824
25,277
973
162,388
1,281,824
40,389
27,800
99
16,481
29,662
2,313
728
31
14,664
2,263 11,371,816
72
542,744
646,251
26,277
94
194,650
168,203 11,203,613
5,941
536,803
1,348
644,903
5
26,272
1,421
193,229
12,090 11,340,095 1,366,593
47,398
2,429 12,781,738
176,918 12,604,820
572
1,843
586
11,722
16,191
239
54
130
17,724
29
25
213,381
26,864
7,747
132,202
6,814
265
1
2,991
206,567
26,599
7,746
129,211
17,778
380,194
1,265
130
4,679
2,417
63
18,110
149, 520
22,041
7,019
102,240
1,395
515
293
453
16,788
3,271
5,219
130,701
235,590
91,466
2,658,979
209,482
958,608
26,539
4,284,826
25,269
280,820
14,723
16,614
10,071
370,123
Washington
Oregon
339
145,866
18,826
27,764
3,307
174,609
22,181
100
174,509
22,181
Total Pacific States
Total United States
(exclusive of possessions)
Virgin Islands of the United
States
339
164,692
31,071
640
48
688
196,790
100
196,690
32,174
58,476 15,566,759 1,831,299
137,291
24,329 17,670,087
Total United States
and possessions
32,174
1 732
18,027
124
1,732
18,027
58,476 15,566,883 1,831,299
137,291
213,628 17,456,459
200
200
24,405 17,670,287
213,628 17,456,659
76
TABLE N O . 42.—Assets and liabilities of active mutual savings banks, Dec. SI, 1955—Continued
[In thousands of dollars]
Time deposits
Demand deposits
Location
Maine
New Hampshire
Vermont
_
Massachusetts
Rhode Island
Connecticut
...-_.
Individuals, partU.S.
nerships, Governand corpoment
rations
_____
_
___
,, _
Total New England States
New York
New Jersey
Pennsylvania
Delaware . « __
Maryland
Total Eastern States
Ohio
Indiana
Wisconsin
TVfi"nnesotft
_ _ __
Total Middle Western States
9
726
953
76
770
9,622
2,198
168
236
7
619
86
119
386
313.865
394,978
108,751
4 481,732
376,943
1,840,978
523
7,517,247
86
224
1,347
75
4
1
=
1,659
36
3
310
1,109
12,051
2,638
629
335
2,680
19,635,679
24,658
2,702
110
21
20
4
2,860
1,601
27,470
45
4,461
25
_-===_=_
231
339,976
50,213
19 781
231,568
2,522
641,538
2,067
224
=====
43
4
47
Total Pacific States
Total United States and possessions-
IndividuCertiU. S.
fied and als, partcashiers' nerships, Governand
corpoment
checks,
rations
etc. 1
16,542,544
991,622
1,496,647
117 260
487,606
Washington..
Oregon
Total United States (exclusive of
possessions)- , ,
Virgin Islands of the United States
Banks
in
foreign
countries
Banks
in
United
States
14
11
24
398
9
511
717
.__
States
and
political
subdivisions
1,613
32
995
Banks
in
foreign
countries
Banks
in
United
States
16
695
752
3,335
768
6,769
42
89
197
__-_=-===;
=
6,900
197
5,758
325
11
3
5,761
-
289 752
28,690
318,442
10
31
336
isT =
41
1,018
1,050
40,247
3,683
5,166
335
5,725
28,112,906
198
86
16,037
2,351
40,247
3,683
5,166
335
5,725
28,113,104
86
16,037
2,351
i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
States
and
political
subdivisions
Postal
savings
_
TABLE N O . 43.—Assets and liabilities of active private banks, Dec. 81, 1955
ASSETS
[In thousands of dollars]
Number of
banks
Location
U. S. GovObligaOther
Loans and ernment
tions of
bonds, Cordiscounts, obligations,
States
notes, porate
including direct and and politand
stocks
overdrafts guaranteed ical sub- debendivisions
tures
Currency
and
com
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
premfixtures ises
Connecticut-
2
849
795
53
26
136
300
123
New York
Pennsylvania
2
5
83,890
3,205
48,639
6,266
45,746
460
586
244
8,983
36
286
399
59.003
1,701
34
78
22
_
_
Investments
Customand other ers' liaassets in- bility on
directly
acceptrepresentances
ing bank
outpremises standing
or other
real estate
Other
assets
4
2,303
13,961
4,566
265,694
12,411
13,961
17
Total
assets
7
87,095
54,905
46,206
830
9,019
685
60,704
112
22
4,566
278,105
3,983
16,005
572
22,645
7,294
60
1,769
15
206
490
1,800
3,293
16,265
138
683
20
222
1
-
39
11
64
76
8,636
66,965
Total Southern States. _.
50
19,988
23,217
7,294
1,829
221
2,290
19,558
821
242
1
140
75,601
1
5
1
7
115
1,707
45
5,430
485
3,706
175
3,104
33
310
g
403
4
7
16
124
13
147
184
813
143
1,734
3
17
47
14
7,297
7,470
754
11
300
2,874
67
73
1
115,229
393
86,387
330
54,254
2,723
98
9,266
3,411
56
83,436
356
1,123
8
281
51
1
74
115,622
86,717
54,254
2,821
9,266
3,467
83, 792
1,131
332
1
Total Eastern States
Georgia .
Texas
Ohio
Indiana
Michigan
Iowa
-
-.
Total Middle Western
States.
Total United States (exclusive of possessions) - Alaska
Total United States and
possessions-
2
836
6,683
391
10,865
2
18,775
13,961
4,712
2
374,784
1,294
13,961
4,714
376,078
o
O
o
3
TABLE N O . 43.—Assets and liabilities of active private banks, Dec. 31, 1955—Continued
LIABILITIES
[In thousands of dollars]
Location
Demand
deposits
Time
deposits
Total
deposits
Bills payable, Acceptances
rediscounts, executed by or
for account of
and other
reporting
liabilities for
banks and
borrowed
outstanding
money
Other
liabilities
Capital
stock
Surplus
1,659
426
2,085
1
25
192
204,230
4,984
6,225
5,986
210,455
10,970
9,836
300
15,486
7,917
19
3,000
13,999
1,079
209, 214
12,211
221,425
10,136
15,486
7,936
3,000
6,761
54.308
270
7,207
7,031
61, 515
7
36
29
728
1,460
61,069
7,477
68,546
7
65
670
5,437
152
8,725
66
631
194
1,525
736
6,068
346
10, 250
14,984
2,416
17,400
Total United States (exclusive of
possessions)
_..
286,926
1,029
22,530
161
309,456
1,190
10,143
Total United States and possessions-
287,955
22,691
310,646
10,143
Connecticut
........
New York
Pennsylvania
Total Eastern States
Georgia
Texas
Total Southern States
Ohio
Indiana _
Michigan
Iowa.
_ _
Total Middle "Western StatesAlaska
Undivided
profits
Reserves
159
4,842
43
w
15,078
159
4,885
544
3,060
241
407
49
494
2,188
3,604
648
643
i
2
16
40
75
20
205
32
324
16
170
26
178
2
177
22
7
63
w
18
340
542
383
92
15, 486
8,020
5,553
50
19,416
25
1,190
19
5,520
10
15,486
8,020
5,603
19,441
1,209
5,530
o
g
o
to
o
to
o
and liabilities of active private banks Dec. 31, 1955—Continued
TABLE NO. 43.—
OS
[In thousands of dollars]
Loans and discounts
Location
Connecticut
New York.
Total Eastern States
Georgia
Texas
fc
Total Southern S t a t e s . . .
Ohio
Indiana
Michigan
Iowa
Total Middle "Western
States
Total United States (exclusive of possessions) .
Alaska
Total United States and
possessions
Commercial and
industrial
loans
(including openmarket
paper)
Loans to
Loans to
farmers
directly Other brokers
and
guaran- loans
to
dealers
teed by
the Com- farmers in securities
modity
Credit
Corporation
211
Other
loans for
the purpose of
purchasing or
carrying
stocks,
bonds,
and other
securities
9
Eeal-estate loans
Secured
Other
Secured by resiby farm dential Secured loans to
land (in- properties by other individ(other properties
uals
cluding
than
improvefarm)
ments)
3
268
42
All other
Loans loans (including
to
overbanks
drafts)
10,409
13,850
33
99
564
78
691
56,363
10,409
13,883
99
564
78
691
Less
valuation
reserves
Net
loans
w
301
56,134
229
Total
gross
loans
849
15
849
26
3,709
1,511
84,128
3,205
238
83,890
3,205
26
5,220
87,333
238
87,095
582
4,570
71
676
318
1,893
5
460
356
863
1,446
216
561
1,440
6,075
35
423
3,985
16,005
2
3,983
16,005
5,152
747
2,211
5
816
2,309
777
7,515
458
19,990
2
19,988
12
245
3
425
81
10
10
60
3
396
51
549
4
473
9
101
133
26
212
11
353
1
23
6
52
115
1,725
45
5,430
18
382
6
444
18
3,216
115
1,707
45
5,430
685
463
3,684
10
469
1,077
243
602
82
7,315
18
7,297
62,411
2
1,210
5,904
10,414
13,893
1,387
4,218
148
1,140
65
9,109
142
26
5,775
41
115,487
398
258
5
115,229
393
62,413
1,210
5,904
10,414
13,893
1,387
4,366
1,205
9,251
26
5,816
115,885
263
115,622
o
o
1
o
w
o
TABLE N O . 43.—Assets and liabilities of active private banks Dec, 31, 1955—Continued
[In thousands of dollars]
Demand deposits
Time deposits
Certified Individuals,
Individuals,
States
States
U.S.
U . S . Postal and polit- Banks in Banks in
and
partnerand polit- Banks in Banks in
partnerships and Govern- ical sub- United
foreign cashiers' ships and Govern- savings ical sub- United
foreign
corporacorporadivisions States countries checks,
ment
divisions States countries
ment
tions
etc 1
tions
Connecticut
__
Total Eastern States
Georgia .
Texas
Total Southern States
Ohio
Indiana .
Michigan .
Iowa
2
426
149,966
4,913
3
151
35
14,417
24,558
15,135
36
3,545
5,960
154,879
3
186
14,417
24,558
15,171
9,505
23
888
911
270
6,237
4
966
6,507
4
966
1,657
New York
Pennsylvania
_ ._
_ .
Total Middle Western States
6,713
48,356
378
3,905
25
781
55,069
378
3,905
806
623
4,784
132
8,444
19
1
47
631
18
280
3
1
1
66
631
194
1,525
5
2,416
=====
26
26
500
2,180
500
2,180
O
s
o
o
g
======== -
E
o
13,983
20
976
Total United States (exclusive of possessions)
Alaska
225,588
744
401
50
5,067
232
15,223
24,558
16,089
3
18,854
46
4
992
115
500
2,180
Total United States and possessions
226,332
451
5,299
15,223
24,558
16,092
18,900
4
1,107
500
2,180
i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).
!
to
o
208
REPORT OF THE COMPTROLLER. OF THE CURRENCY
TABLE N O . 44.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec, 81, 1955
Population
(approximate)
Location
Maine.
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Demand
Time
Total
$815,030
694,265
391,646
8,436,604
1,129,085
3,759,856
$271,660
168,243
105,568
3,265,543
446,723
1,416,127
$543,370
526,022
286,078
5,171,061
682,362
2,343,729
$888.80
1,228.79
1,025.25
1,657.81
1,325.22
1,652.68
10,080,000
15,226,486
5,673,864
9,552,622 1,510.56
16,368,000
5,505,000
11,315,000
398,000
2,709,000
864,000
45,091,056 23,421,402 21,669,654
6,160,283 2,923,710 3,236,573
7,397,062 5,060,235
12,457,297
449,043
665,301
216,258
1,264,781
2,242,443
977,662
1,206,032
921,990
284,042
2,754.83
1,119.03
1,100.95
1,671.61
827.77
1,395.87
36,377,988 31,444,424
Total Eastern States. 37,159,000
Virginia
West Virginia
North Carolina.South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky^
Tennessee
Total Southern
States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa—
Missouri
_..
Total Middle Western States
Per capita
Total
917,000
565,000
382,000
5,089,000
852,000
2,275,000
Total New England
States
Deposits of individuals, partnerships, and corporations (in thou-
67,822,412
3,621,000
2,026,000
4,345,000
2,310,000
3,658,000
3,526,000
3,075,000
2,132,000
2,967,000
8,670,000
1,806,000
3,043,000
3,466,000
2,138,659
44,645,000
25,542,889
9,122,000
4,401,000
9,500,000
7,360,000
3,750,000
3,215,000
2,728,000
4,180,000
8,830,468
3,527,102
12,855,801
6,789,635
3,308,025
3,016,021
2,203,583
4,112,971
44,256,000
44,643,606
1,832,972
684,812
1,799,544
2,490,349
1,359,373
804,600
1,729,210
7,359,013
857,883
1,627,562
1,975,980
Demand
Time
$296.25 $592.55
931.01
297.78
748.89
276.36
641.69 1,016.12
524.32 800.90
622.47 1,030.21
562.88
947.68
1,430.93 1,323.90
531.10
587.93
653.74
447.21
1,128.25 543.36
466.88 360.89
1,067.12 328.75
1,825.19
978.98
846.21
825,174
301,855
440,968
109,014
430,177
568,416
342,093
173,649
378,526
1,099,205
166,454
312,290
667,119
590.63
435.80
421.86
296.45
491.95
706.28
442.07
377.39
582.81
848.79
475.02
534.85
570.10
362.74
286.81
320.37
249. 26
374. 35
545.07
330.82
295. 94
455. 23
722.01
382.85
432.23
377.63
227.89
148.99
101.49
47.19
117.60
161.21
111. 25
81.45
127.58
126.78
92.17
102.62
192.47
19,727,949
5,814,940
572.13
441.88
130.25
5,335,517
2,328,437
8,923,539
3,803,709
1,880,325
1,710,253
1,486,004
3,162,411
3,494,951
1,198,665
3,932,262
2,985,926
1,427,700
1,305,768
717,579
950,560
968.04
801.43
1,353.24
922.50
882.14
938.11
807.76
983.96
584.91
529.07
939.32
516.81
501.42
531.96
544.72
756.56
383.13
272.36
413.92
405.69
380.72
406.15
263.04
227.40
28,630,195 16,013,411
1,008.76
646.92
361.84
1,313,485
581,077
1,392,004
575,798
1,369,367
1,921,933
1,017,280
630,951
1,350,684
691,429
1,315,272
1,308,861
KEPOBT OF THE COMPTROLLER OF THE
CURRENCY
209
TABLE N O . 44.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec, 81, 1955—Continued
Population
(approximate)
Location
Deposits of individuals, partnerships, and corporations (in thousands)
Demand
Time
Total
Demand
Time
$463,248
495,553
1,189,672
1,482,919
579,436
263,309
1,328,606
379,447
1, 704,088
$327,922
358,492
1,027,116
1,185,960
442,999
187,309
968,113
288,268
1,430,871
$135,326
137,061
162,556
296,959
136,437
76,000
360,493
91,179
273,217
$713.79
724.49
850.98
710.55
896.96
838.56
843.56
471.95
778.48
$505.27
524.11
734.70
568.26
685.76
596.52
614.67
358.54
653.67
$208.52
200.38
116.28
142.29
211.20
242.04
228.89
113.41
124.81
10,346,000
7,886,278
6, 217,050
1,669,228
762.25
600.91
161.34
2,602,000
1,697,000
13,302,000
617,000
798,000
234,000
1,006,000
2,398,818
1,563,957
16,151,561
447,098
638,000
233, 777
624,232
1,418,855
907,240
8,850,056
280,422
378,447
146,624
440,455
979,963
921.91
656, 717
921.60
7,301,505 1,214.22
166,676
724.63
259,553
799.50
87,153
999.05
183, 777
620.51
545.29
534.61
665.32
454.49
474.24
626.60
437.83
376.62
386.99
548.90
270.14
325.26
372.45
182.68
Total Pacific States. 20,256,000
22,057,443
12,422,099
9,635,344
1,088.93
613.25
475.68
Total United States
(exclusive of possessions)
166,742,000 183,179,114 109,049,145 74,129,969
North Dakota
South Dakota
Nebraska
Kansas
Montana _
Wyoming
Colorado
New Mexico Oklahoma
_
Total
Western
States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii..
Puerto Rico
American Samoa
Virgin Islands of the
United States
649,000
684,000
1,398,000
2,087,000
646,000
314,000
1,575,000
804,000
2,189,000
173,000
38,000
50,000
513,000
2,269,000
20,000
Total
Per capita
98,351
9,933
10,647
340,032
231,590
714
64,004
8,117
4,772
167,328
138,105
310
1,098.58
654.00
444.58
34,347
1,816
5,875
172,704
93,485
404
568.50
261.39
212.94
662.83
102.07
35.70
369.96
213.60
95.44
326.18
60.87
15.50
198.54
47.79
117.50
336.65
41.20
20.20
24,000
8,035
2,681
5,354
334. 79
111. 71
223.08
3,087,000
699,302
385,317
313,985
226.53
124.82
101.71
Total United States
169,829,000 183,878,416 109, 434, 462 74, 443,954
and possessions
1,082. 73
644.38
438.35
Total possessions
TABLE N O . 45.—Officials
of State banking departments and number of each class of active banks in December 1955
State commercial i
Location
Names of officials
Titles
Albert S. Noyes
Winfield J. Phillips
Alexander H. Miller
Charles P. Howard
Alexander C hmielewski. _
-_ Henry H. Pierce, Jr
Maine
New Hampshire
Vermont...
Massachusetts
Rhode Island.
Connecticut
State Bank Commissioner
Bank Commissioner
Commissioner of Banking and InsuranceCommissioner of Banks
Bank Commissioner
. do
.
Total New England
States.
New York—
New Jersey...
Pennsylvania
Delaware—
Maryland
District of Columbia
George A. Mooney
Charles R. Howell
Robert L. Myers
Randolph Hughes.W. H. Kirkwood, Jr
_ Superintendent of Banks.
Commissioner of Banking and Insurance..
- Secretary of Banking
State Bank Commissioner..
Bank Commissioner
Total E a s t e r n
States.
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama...
Mississippi
Louisiana
Texas
Arkansas.
Kentucky..
Tennessee
_
_ _
Commissioner of Banking
Logan R. Ritchie._
_ do
...
Mrs. Nell W. Walker .
do
William W Jones
Chief Bank Examiner
C. V. Pierce...
Superintendent of Banks..
A. P. Persons
State Commissioner of Banking.
Ray E. Green.
L. W. Gentry.
__. Superintendent of Banks
J. W. Latham..
State Comptroller
Edward F. Follett.- State Bank Commissioner
Commissioner, Department of Banking. __
J. M. Falkner
State Bank Commissioner..
Dick Simpson
Commissioner, Department of Banking.. _
S.Albert Phillips...
Superintendent of Banks..
_
H B Clarke
Total Southern
States.
Total
Insured
number
of
Members Nonbanks Federal members
Mutual savings
Private
Insured
Non- Members NonNonFederal members
ininsured Reserve Federal sured
Noninsured
Reserve
System
Federal
Reserve
System
256
13
130
6
1
1
25
1
14
15
11
26
35
2
34
7
13
1
7
2
9
9
12
7
5
5
189
3
66
2
553
48
123
39
38
303
2
334
132
303
23
103
9
139
64
93
2
13
5
56
42
189
18
81
4
8
3
9
1
1
129
23
7
1
7
1
1
904
316
390
22
167
2
184
106
174
123
344
156
168
170
134
485
179
278
222
73
36
7
7
13
11
25
7
10
134
17
20
9
111
66
166
106
285
140
143
160
123
319
157
244
206
3
1
21
5
14
7
11
2,723
369
2,226
78
50
60
59
35
System
4
1
10
7
5
Reserve
System
23
22
2
5
7
39
Ohio
Indiana.
Illinois
_
Michigan
WisconsinMinnesota.._
Iowa
Missouri
Total Middle Western States.
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma _.
Total W e s t e r n
States.
Washington. _
Oregon
California
_.
Idaho
Utah
Nevada..
_
Arizona
Total Pacific States.
Total United States
(exclusive of possessions).
Alaska
The Territory of Hawaii
Puerto Rico
A.merican Samoa
Virgin Islands of the
United States.
Total possessions
Total United States
and possessions.
Paul Hinkle
Joseph McCord
Orville E. Hodge
Maurice C. Eveland
G. M. Matthews
I. C. Rasmussen
N. P Black
J. A. Rouveyrol
J. A. Graham
Gordon H. Maxam..
J. Floyd McLain
G. W. Lindley
R. E. Towle
Norris E. Hartwell
Frank E. Goldy
F. F. Weddington..
0. B. Mothersead
R. D. Carrell
A. A. Rogers
..
William A. Burkett
R. U. Spaulding
Louis S. Leatham.
Grant L. Robison.
D. 0. Saunders
Superintendent of Banks
Director, Department of Financial Institutions.
Auditor of Public Accounts
Commissioner, State Banking Department— C ommissioner of B anks
do
Superintendent of Banking
Commissioner of Finance
State Examiner..
Superintendent of Banks
Director of Banking
Acting 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
Secretary, Territorial Banking Board
Supervising Bank Examiner.
Treasurer
1
2
Includes stock savings banks.
Includes 1 private bank.
^ Includes 1 trust company which is a member of the Federal Reserve System.
._
396
354
171
112
219
2 231
528
344
462
503
570
527
127
154
71
28
71
99
395
182
381
463
453
410
3,684
833
2,734
116
137
297
431
73
28
87
26
187
2
27
16
42
44
15
17
8
25
109
110
240
290
29
13
60
18
154
1,382
196
1,023
163
77
37
92
25
44
3
8
12
7
35
9
19
2
1
58
27
48
16
25
1
6
3
2
9
286
85
181
15
9,532
1,847
6,677
409
3
3
7
7
6
3
1
11
9
10
1
2
6
7
6
11
39
3 18
92
1
3
2
1,847
1
4
1
__
2
1
1
1
1
7
3
7
2
13
307
72
5
41
99
10
8
4
1
1
5
3
217
1
1
1
33
9,565
2
3
14
17
6,691
426
3
217
1
1
308
73
TABLE N O . 46.—Assets and liabilities of all active banks, Dec. 81, 1936 to 1955
to
to
[Amounts in thousands of dollars]
Number
of banks
1937.
1938.
1939.
1940.
19411942.
1943.
1944.
1945.
1946.
19471948.
1949.
1960.
1951.
1952.
1953.
1954.
1955.
Loans and U. S. GovOther
ernment
bonds,
discounts,
stocks,
including obligations,
and
overdrafts direct and
guaranteed securities
15,704 21,613,328 17,497,059
15,463 22,342,879 16,660,068
15,265 21,535,406 18,002,042
15,096 22,374,700 19,447,464
14,956 23,967,476 21,028,798
14,885 26,838,365 25,553,809
14,722 24,001,146 46,059,111
14,621 23,674,539 66,259,384
14,579 26,101,639 86,414,755
14,598 30,466,867 101,904,073
14,633 35,822,868 87,093,517
14,755 43,231,136 81,636,938
14,735 48,452,743 74,462,553
14,705 49,828,162 78,753,673
14,666 60,711,146 73,188,217
14,636 68,000,966 71,595,087
14,596 75,928,803 73,010,835
14,538 80,920,155 72,872,466
14,388 86,058,272 78,004,064
14,265 100,575,185 70,309,691
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
20,754,037
Cash
1,025,586
907,871
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
2,873,239
* Includes reserve balances and cash items in process of collection.
2 Includes capital notes and debentures in banks other than national.
3 Includes reserve accounts.
* Not called for separately. Included with "Balances with other banks."
Balances
with other
banks *
15,871,668
15,065,962
18,373,644
22,197,935
26,846,418
25,942,377
27,371,581
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
45,105,892
Other
assets
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
3,486,967
Total assets
Capital 2
Surplus
and
undivided
profits 3
Total deposits
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
3,293,014
3,223,110
3,192,493
3,125,524
3,070,519
3,034,361
2,985,391
3,011,600
3,052,950
3,187,368
3,299,469
3,342,600
3,423,195
3,548,731
3,670,249
3,840,006
4,016,796
4,173,707
4,428,194
4,706,970
4,849,310
4,949,834
5,016,435
5,169,647
5,339,039
5,460,776
5,619,637
6,034,091
6,640,166
7,424,243
8,138,479
8,654,798
9,130,608
9,616,859
10,245,616
10,866,262
11,437,192
12,035,657
12,936,050
13,503,336
61,155,014
59,109,903
61,907,761
6S, 566,043
76,407,885
82,233,260
100,265,638
118,336,126
112,310,824
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
221,391,573
176,024,102
176,075,430
180,043,113
192,240,673
214,830,603
221,132,803
232,684,756
243,105,011
Bills payOther
able and
redisliabilities
counts,
etc.
57,247
50,816
36,612
25,551
25.060
22,593
18,638
51,650
125,624
227,150
48,403
74,614
64,320
27,195
94,607
44,008
196,234
66,803
32,915
174,195
756,126
744,095
688,492
729,399
702,704
653,273
688, 511
817,620
982, 221
1,118,615
1,223,408
1,415,918
1,606, 284
2,110,043
2,508,682
2,749,025
2,878,339
3,257,256
3,328,937
Backfigures.—Seereference in heading of table 46, p. 190, in 1953 annual report to
reports containing figures since 1834. (Comparable figures for years prior to 1936 covered June 30 only.)
NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.
o
o
o
f
g
TABLE N O . 47.—Assets and liabilities of all active national banks, Dec. 31, 1936 to 1955
[Amounts in thousands of dollars]
Other
Loans and U. S. GovNumber discounts, ernment
bonds,
of banks including obligations, stocks,
overdrafts direct and
and
guaranteed securities
1936.
1937.
1938.
1939.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
5,331
8,271,210
5,266 8,813,547
5,230 8,489,120
5,193 9,043,632
5,150 10,027,773
5,123 11,751,792
5,087 10,200,798
5,046 10,133,532
5,031 11,497,802
5,023 13,948,042
5,013 17,309, 767
5,011 21,480,457
4,997 23.818,513
4,981 23,928,293
4,965 29,277, 480
4,946 32, 423, 777
4,916 36,119, 673
4,864 37, 944,146
4,796 39,827, 678
4,700 43, 559, 726
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
33,690,806
4,094,490
3,690,122
3,753,234
3,737,641
3,915, 435
3,814,456
3,657,437
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
9,166, 524
Cash
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
1,388, 250
Balances
with other
banks l
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
24,375,190
1
Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
Backfigures.—Seereference in heading of table 47, p. 191, in 1953 annual report, to
reports containingfiguressince 1863.
Other
assets
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
1,063,917
1,058,178
1,126,555
1,259,008
1,321,382
1,416,802
1,668,736
1,569,791
Total assets
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
113, 750,287
Capital
1,598,815
1,577,831
1,570,622
1,532,903
1,527,237
% 515,794
., 503,682
, 531,515
, 566,905
, 756,621
, 779,766
1,828,759
1,916,340
2,001,650
2,105,345
2,224,852
2,301, 757
2,485,844
2,472,624
Surplus
and
undivided
profits 2
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
5,463,305
Total deposits
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
104,217,989
Bills payable and Other
redis- liabilities
counts,
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
107,796
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
1,488,573
o
o
O
f
feJ
NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.
to
CO
TABLE N O .
48.—
and liabilities of all active banks other than national, Dec, 81, 1936 to 1955
to
[Amounts in thousands of dollars]
Number of
banks
1936.
1937
1938
1939
1940
1941
1942
1943
1944
1946
1946
1947
1948
1949
1960
1951
1952
1953
1954.
1955
-
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
9,565
Other
Loans and U . S. Government
bonds,
discounts,
including obligations, stocks,
and
overdrafts direct and
guaranteed 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
57,015,459
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
36,618,885
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
11,587,513
Cash
507,083
485,381
(3)
580,841
688,565
758,517
730,337
804,283
896,870
]1,016,444
]L, 127,072
,224,928
L, 104,393
L, 125, 593
]L, 195,995
,471,857
L, 492,545
., 398,222
L, 377,957
1,484,989
Balances
with other
banks 1
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
20,730,702
1 Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
3 Not called for separately. Included with "Balances with other banks."
Other
assets
2,369,838
2,294,808
2,246,797
2,050,022
,903,988
L, 641,584
,487,532
L, 295, 540
1,064,945
956,378
898,702
954,500
989,844
1,044,755
1,162,407
,299,768
L, 356,616
, 479,127
L, 679,684
1,917,176
Total
assets
39,04fi, 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
129,354,724
Capital
stock
1,489,354
1,471,533
1,459,015
1,450,873
1,420,148
1,410,373
1,332,507
1,389,943
1,403,725
1,466,449
1,475,054
1,500,807
1, 546,005
1, 583,954
1,621,492
1,695,205
1, 745, 470
1,828,615
1,896,592
2,183,182
Capital
notes
and
debentures
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
51,164
Surplus
and
undivided
profits 2
Total
deposits
Bills payable and
rediscounts,
Other
liabilities
etc.
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, 680
6,927,898 101,031,064
7,317,652 105,884, 528
8,040,031 117,173,584
474,366
53,752
435,596
39,977
398,54C
31,004
390,227
22,669
387,386
21,933
372,119
18,815
262,982
15,122
280,372
43,495
325,743
71,444
423,118
149,181
488,037
28,356
518,223
29,479
641,100
22,990
653,326
19,633
805,215
17,963
887,285
28,524
120,313 1,009,200
51,952 1,133.240
21,817 1,367,840
66,399 1,840,364
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.)
8
O
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. SI, 1955 10
National and District of Columbia
nonnational banks
Completely
liquidated
and finally
closed
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 finally closed Oct. 1,
1924, toOct 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
In process
of liquidation
s 2,821
1
$3, 737, 811, 321
$6,804, 589
2,216,170, 276
253, 721, 541
4,642, 952
286, 346
Total
District of Columbia nonnational banks 2
Completely I n process
liquidated of liquidaand finally
tion
closed
3 2,822
National banks
Total
«15
$3, 744,615, 910 $27,143,017
$27,143, 017
Completely
liquidated
a n d finally
closed
5
2,806
$3, 710, 668, 304
I n process
of liquidation
1
Total
S
8
5 2,807
$6,804. 589 $3, 717, 472, 893
W
1
1,225,078,449
42,786,982
«54,073
1,686, 757
2, 220,813, 228
254,007,887
18, 624, 923
2, 089,895
18, 624, 923
2,089, 895
2,197, 545, 353
251,631, 646
1, 226, 765,206
6, 401, 713
6, 401, 713
1,218,676,736
4, 642, 952
286,346
1, 686, 757
2, 202,188,305
251,917, 992
1,220,363,493
42, 786, 982
242, 607
26, 486
26,486
42, 760, 496
6 54,073
3,737,811,321
188, 534
6,804,589
3,744, 615,910
27,143,017
27,143,017
3,710,668,304
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
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
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
233,649
42, 760, 496
242,607
o
E
o
3
233,649
See footnotes at end of table.
to
C7!
TABLE NO. 49.—Summary of status, progress, and results of liquidation of all national banks l placed in charge of receivers from the date of the
^
first national bank failure, Apr. 14f 1865, to Dec. SI, 1955 10—Continued
£J
National and District of Columbia
nonnational banks
Completely
liquidated
andfinallyclosed
In process
of liquidation
Total
District of Columbia nonnational banks *
Completely In process
liquidated of liquidation
and finally
closed
Disposition of collections:
Dividends paid by receivers to unsecured
creditors (including dividends paid to
secured creditors for 815 tianks completely
liquidated to Oct. 31,1929)
$1,412,893,997 $3,567, 759 $1,416, 461,756 $10,893,071
Dividends paid by receivers to secured creditors (unavailable as separate item for 815
banks completely liquidated to Oct. 31,
1929).._.
34,624,491
34,624,491
35,202
Distributions by conservators to unsecured
209,124,039 2,838,102
creditors
209,124,039
Distributions by conservators to secured
1,372,006
creditors
__
1,372,006
10,750
Payments to secured and preferred creditors
(including disbursements for the protection of assets for 597 banks completely
liquidated to Oct. 31,1926)
704,462,893 1,450,782
705,913,675 4,901,281
Offsets allowed and settled (against liabil286,346
254,007,887 2,089,895
ities)
._..
253,721,541
Disbursements for the protection of assets
(unavailable as separate item for 597 banks
18,839
completely liquidated to Oct. 31,1926)—.
8,055,082
14,888
8,069,970
Payments of receivers' salaries, legal and
445,318
170,229,586
1,767,254
other expenses..
169,784,268
Payments of conservators' salaries, legal and
11,016,322
45,597
10,970,725
201,010
other expenses
__
._
Amounts returned to shareholders in cash..
7,600,970
7,950
7,600,970
Cash balances in hands of Comptroller and
128,737
receivers
107,890
9 20,847
Total. _
2,812,630,859
5,918,580
2,818,549,439
22, 763,354
Total
National banks
Completely
liquidated
and finally
closed
In process
of liquidation
Total
O
o
$10,893,071
$1,402,000,926
$3, 567,759 $1,405,568,685
35,202
34,589,289
34, 589, 289
2,838,102
206,285,937
206,285,937
10,750
1,361,256
1,361, 256
4,901,281
699,561,612
1, 450,782
701,012, 394
2,089,895
251,631,646
286,346
251.917,992
18,839
8,036, 243
14,888
8,051,131
1,767,254
168,017,014
445,318
168,462,332
201,010
7,950
10,769, 715
7,593,020
45, 597
10,815,312
7,593,020
«20,847
107,890
128,737
22,763,354
2,789,867,505
5,918,580
2,795,786,085
o
i
w
o
g
j
o
•"4
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..
7 402,112,595
800,000
176,392,631
7 402,912,595 "2,352,920
'2,352,920
176,392,631
176,392,631
170, 552,785
328,273,807
2,374,374,873
800,000
4,165,850
514,333,874
1,144, 260
97,105,575
2,123,146, 487
82,118
3,638, 730
9
399, 759, 675
800,000
9
400,559,675
176,392,631
176,392,631
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
5,194,938
5,194,938
509,138, 936
1,144,260
510,283,196
97,187, 693
809,871
2,126, 785, 217 17, 850, 201
809,871
17, 850,201
96, 295, 704
2,105,296, 286
82,118
3,638,730
96,377,822
2,108,935,016
176,392,631
170, 552, 785
1,912,920
329,073,807
2,378, 540, 723 19,147,196
515, 478,134
O
H
O
78.09
97.50
87.62
6.71
8.29
78.13
77.18
77.18
78.10
97.50
78.13
87.64
82.57
82.57
87.66
98.38
87.68
6.72
8.73
8.73
6.70
8.29
6.70
O
1
Including District of Columbia nonnational banks and building and loan associations.
2
Including building and loan associations.
3
Does not include 159 banks restored to solvency.
4
Does not include 1 bank restored to solvency.
86 Does not include 158 banks restored to solvency.
Cash and uncollected assets on hand at date of termination of supervision of liquidation by Comptroller of%the Currency (Poultney National Bank, Poultney, Vt).
7 Includes $23,100,000 capital stock of 159 banks restored to solvency.
88 Includes $50,000 capital stock of 1 bank restored to solvency.
Including $23,050,000 capital stock of 158 banks restored to solvency.
i° Does not include 2 banks placed in receivership subsequent to the Federal Deposit
Insurance Act of 1950 (Public Law 797) approved Sept. 21, 1950.
o
o
3
O
to
TABLE N O . 50.—Number and deposits of national and District of Columbia nonnational banks 1 placed in receivership
period Apr, 14, 1865,
to Dec. 81, 1955, by groups according to percentages of dividends paid to Dec. 81, 1955 8
Liquidation banks
Periods and bank groups
Dividends paid,
100 percent and
over
Number of
banks
Receiverships completely liquidated
and finally closed or restored to
solvency, 1865 to 1955 (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
Jan. 1,1943, to Dec. 31,1943
Jan. 1,1944, to Dec. 31,1944
Jan. 1,1945, to Dec. 31,1945
Jan. 1,1946, to Dec. 31,1946
Jan. 1,1947, to Dec. 31,1947
Jan. 1,1948, to Dec. 31,1948
Jan. 1,1949, to Dec. 31,1949
Jan. 1,1950, to Dec. 31,1950
Jan. 1,1951, to Dec. 31,1951
Jan. 1,1952, to Dec. 31,1952
Jan. 1,1953, to Dec. 31,1953
Deposits
Dividends paid,
75 to 99.9 percent
Number of
banks
Deposits
Dividends paid,
50 to 74.9 percent
Number of
banks
Deposits
208 $77,296,606
163 $64,572,547
211 $66,952,690
1,994,080
6
11 15,873,316
4,412,925
8
4,431,721
8
28 5,083,636
40 14,723,916
86 50, 715,003
<76 33,477,651
26 20,910,457
19 17,397,983
«7 18,147,843
14 77,234,820
6 16,260,257
3 412,269,316
1 1,796,607
16
16
13
18
29
46
80
110
61
36
39
46
8
1
2
2
1
1
1
22
33
21
17
34
56
85
106
42
38
«42
26
8
5
8,334,115
14,038,797
9,692,212
10,532,532
13,854,445
18,483,929
38,027,988
56,203,459
32,056,684
43,319,262
76,497.725
72,320,682
39,828,007
28,787,475
1
1
1
183,818
305,253
2,299,269
1
1,204,158
2
5,058,728.
5,323,140
5, 549,989
5,826,514
8,517,835
11,801,668
12,246,387
38,690,969
54,346,379
58,631,031
43,639,246
68,673,118
248,608,395
75,837,758
4,613,782
2,390,914
616,710
26,966,990
421,461
2,015,717
Dividends paid,
25 to 49.9 percent
Number of
banks
Deposits
156 $45,465,025
29
27
15
8
30
43
3 51
48
21
15
no
14
5
1
1
S, 497,657
10,027,603
6,902,413
1,451,334
9,062,628
12, 556,918
19, 594,780
16,991,046
10,103,204
9,332,899
10, 540,731
52,025,720
24,606,118
141,119
Dividends paid,
less than 25 percent
Number of
banks
Deposits
159 $30,828,899
18
10
12
13
31
29
38
24
9
4
4
4
3
1
5,589,946
2,250,071
3,095,192
1,657,228
4,319,951
4,452,292
7,420,214
6,158,246
2,269,805
8,005,471
8,201,086
1,584,920
1,944,442
Total banks
Number of
banks
Deposits
Restored Total
to solall
vency banks
banks 2
Num- Number of ber of
banks banks
897
$285.115,767
77
974
91
97
69
64
152
214
340
364
159
112
102
104
30
10
4
2
2
3
2
2
29,738,938
47,739,776
29,929,256
26,590,650
44,122,328
62,463,442
154,448,954
167,176,781
123,971,181
121,694,861
182,060,503
451,774, 537
158.476,582
445,811,692
4,187, 521
616,710
27,150,808
1,930,872
4,314,986
5,058,728
8
25
9
28
11
1
99
122
78
92
163
215
340
364
159
112
102
104
30
10
4
2
2
3
2
2
1
1
to
00
Jan. 1,1954, to Dec. 31,1954
Jan. 1,1955, to Dec. 31,1955..
Total 1931-55 (2,006 banks)
Active receiverships as of Dec. 31,
1955(1 bank).
342 700, 992,417
Grand total (2,981 banks)
550 778,289,023
526 674,718,003
1
538 464,765,652
200
56,948,864
690 743,456, 400
1,924 2,089,259,106
1
749 531,718,342
1 Including building and loan associations.
Deposits for banks restored to solvency unavailable.
3 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
the 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.
* Exclusive of 1 receivership finally closed during the year ended Oct. 31,1928, but reopened as a receivership during the year ended Oct. 31, 1940, and again closed during
the year ended Oct. 31,1941.
2
318 191,834,170
4,165,850
474 237, 299,195
359
87,777,763
82
2,006
159
2,981
1
4,165,850
2,822 2,378,540,723
e 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.
7 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.)
8
Does not include 2 banks placed in receivership subsequent to the Federal Deposit
Insurance Act of 1950 (Public Law 797) approved Sept. 21,1950.
S
3
I
a
to
CO
220
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 51.—Notional bank in charge of receiver during the year ended
Dec, 81, 1955
Name of bank: Salt Springs National Bank, Syracuse, New York l
(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, 318
Cash in hands of Comptroller and receiver
107, 890
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 $303.
REPORT OF THE COMPTROLLER OF THE CURRENCY
221
TABLE NO. 52—National banks placed in charge of receivers during year ended
Dec. 31, 195$ l
Organization
Name and location of banks
2966
2967
First National Bank, Lewisville,
Tex
Joshua Monument National Bank
of Twentynine Palms, Calif
Charter
No.
7144
14612
Date
Jan.
Failure
Capital
stock at
date of
Deposits
at date of
Date
receiver
appointed
4,1904
$25,000
$892,000
Jan. 28,1955
Mar. 1,1948
50,000
3, 714,000
July 25,1955
1
Data as to liquidation unavailable inasmuch as direction or supervision by the Secretary of the Treasury
or the Comptroller of the Currency of liquidation by the Federal Deposit Insurance Corporation as receiver
of National banks terminated as of the close of business Sept. 20, 1950, by the Federal Deposit Insurance
Act of 1950 (Public Law 797) approved Sept. 21, 1950.
389422—56
TABLE
NO.
53.—Bank suspensions since inauguration of Federal deposit insurance, years ended Dec. 31, 1984 io 1955
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
1955
.
-
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
Capital stock (in thousands of dollars) i
State
Insured
2
1
3
2
8
22
40
47
47
25
18
3
6
2
Noninsured
48
8
3
6
7
10
3
1
3
21
1
31
4
1
3
3
4
3
4
<4
14 2
358
23
»1
7
72
io 2
12 1
15 2
226
51
63
81
11 1
13 2
102
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
Nonmember banks
Insured
416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32
3,381
480
195
75
365
285
53
18
55
125
120
52
750
45
140
120
15
75
22,894
2,615
200
4,496
Member banks
37
550
25
65
10, 596
National
Noninsured
20
5,187
36,939
10,101
11,323
16,169
13,837
34,980
5,944
3,723
1,702
6,300
405
to
to
to
(in thousands of dollars)
All
banks
125
1 Includes capital notes and debentures, if any, outstanding at date of suspension.
2 Located in the State of Indiana.
3 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 commercial 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.
8 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.
s Commercial bank located in the State of Georgia.
• Commercial bank located in the State of Illinois.
State
]Deposits
42
5,399
524
3,825
36
1,323
257
3,141
State
1,708
211
24,629
5,059
Nonmember banks
Insured
Nonin-
sured
1,912
3,763
10, 207
10,156
11,721
6,589
5,341
503
1,375
1,241
405
34,985
939
592
480
1,869
2,439
346
79
327
167
167
2,443
42
3,113
1,414
44,802
2,880
6,498
2,443
42
3,113
135
390
1,950
4,606
202, 782
24, 212
19, 478
1,279
24,934
930
1,892
46, 026
82,248
s
o
W
8
H
W
O
f
50,296
io Commercial banks located in the State of Illinois.
n Commercial bank located in the State of Colorado.
is Commercial bank located in the State of Kentucky.
i3 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.
i* Comprises 1 bank in the State of California with capital of $50,000 and total deposits
of $3,714,000; and 1 bank in the State of Texas with capital of $25,000 and total deposits
of $892,000.
is Commercial banks in the State of Idaho.
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 represen t
actual failures for which receivers were appointed.
a
d
INDEX
Pago
Affiliates of national banks, number reporting as of December 31, 1955. _
44
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1954 and 1955
41-43
December 31, 1955, by classes of banks in each State
168-207
December 31, 1955, summary by classes of banks
166-167
December 31, 1936-55
212
Distribution of, December 31, 1955
2
Per capita demand and time deposits of individuals, partnerships, and
corporations in, December 31, 1955, by States
208-209
Suspensions. (See Failures of banks.)
Assessments: Upon shareholders of insolvent national banks
217, 220
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1954 and 1955
41-43
December 31, 1955, by States
168-175
December 31, 1955, summary by classes of banks
166-167
December 31, 1936-55
212
National banks:
Call dates in 1955, summary and by States
35-36, 77-128
December 31, 1955, by States
176-183
December 31, 1936-55
213
Principal items of, according to size of banks (deposits), December
31, 1954 and 1955
71
State banks (see also District of Columbia):
All banks combined:
December 31, 1955, summary and by States
166-167, 184-191
December 31, 1936-55
214
Mutual savings: December 31, 1955, summary and by States
166167, 200-203
Private: December 31, 1955, summary and by States. 166-167, 204-207
State commercial: December 31, 1955, summary and by States
166167, 192-199
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, 1955
2
Insured and uninsured, December 31, 1955
2
Member banks of Federal Reserve System, December 31, 1955__
2
Number of:
December 31, 1955, by States
168-169
December 31, 1936-55
.
212
Status of dual banking system
1-2
Suspensions. (See Failures of banks.)
223
224
INDEX
Banks—Continued
Page
Insured commercial banks: Number of, December 31, 1955, by classes.
2
National banks:
Branches. (See Branches of national banks.)
"Calls" for reports of condition of, dates, 1914-55
7:*
Examination of. (See Examination of national banks.)
Failures. (See Failures of banks.)
• Number of:
Call dates in 1955
•_
35
Call dates in 1955, by States
77-128
December 31, 1955, by States
176-177
December 31, 1936-55__._
213
Nonmember banks of Federal Reserve System, December 31,
1955.
2
With surplus fund equal to or exceeding common capital
stock 1942-55
72
With surplus fund less than common capital stock 1942-55
72
Number of banking offices, commercial banks, since 1950
16
State and private banks:
Number of:
December 31, 1955, by States
184-185, 192-193, 200, 204
December 31, 1936-55
214
Supervisors of, name and title of in each State, December 31,
1955
210-211
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1955
2
Bank suspensions. (See Failures of banks.)
Borrowings. (See Assets and liabilities of banks.)
Branches:
National banks:
Domestic:
Number and class of, closed in year 1955
70
Number authorized1 and closed in year 1955, by States. _ 65-69, 70
Number of branches operated in United States and possessions as of December 31, 1955
10
Foreign:
Location and summary of assets and liabilities of, December 31, 1955
154,155
Number in operation December 31, 1955
155
Statements relative to
10-14,16
"Calls" for reports of condition of national banks, dates of 1914-55
73
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks: Ratios.)
Capital stock of banks:
All banks:
December 31, 1955, by States
170-171, 174-175
December 31, 1936-55
212
National banks:
By size of banks (deposits), December 31, 1954 and 1955
71
Call dates in 1955, by States
'____ 77-128
Chartered in each State, in year 1955
53-54
December 31, 1955, by States
178-179, 182-183
December 31, 1936-55
____.
213
Failed banks in charge of receiver, in year 1955
__•_•. 217, 220, 221
INDEX
225
Capital stock of banks—Continued
National banks—Continued
Page
Incident to consolidations with State and national banks, in year
1955
56-57, 58, 59-63
Increase during 1955 and since 1946
7, 40-41
Liquidated banks, in year 1955
40-41, 55-56
Preferred stock:
Retirable value of, on call dates in 1955
36
Total outstanding, December 31, 1955
40-41
State and private banks:
December 31, 1955, by classes of banks and by States.
167,
190-191, 198-199, 205
December 31, 1936-55
.
214
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
51
Deputy Comptrollers, names of, since organization of the Bureau and
periods of service
51
Examination of national banks
45
Expenses of, in year 1955
„
34
Issue and redemption of notes
45
Liquidation of insolvent national banks.
44
Organization and staff
.
_„
31-33
Personnel
31-33
Condition of banks. (See Assets and liabilities of banks.)
Consolidations and mergers of banks:
Number and total resources, National and State-wise, 1950-55
16
:_
Under act November 7, 1918, as amended:
Consolidations under sections 1, 2, and 3:
List of, in year 1955
. . . 59-63
Number of in each State
.
52-53
Mergers under sections 4 and 5:
List of, in year 1955
_—
64-65
Number of in each State
52-53
Statements relative to
14-21, 40-41
Under Public Law 706, August 17, 1950:
List of, in year 1955
56-57
Number of in each State
52-53
Statements relative to
14-21, 40-41
Conversions of banks:
Number and total resources, National and State-wise, 1950-55
16
Under Public Law 706, August 17, 1950:
List of, in year 1955
.__
58
Number of in each State
._____
52-53
Statements relative to
14-21, 40-41
Demand deposits. (See Deposits.)
226
INDEX
Deposits (see also Assets and liabilities of banks):
Page
All active banks, December 31, 1936-55
212
Demand and time in all active banks, by classes in each State,
December 31, 1955
174-175, 182-183, 198-199, 203, 207
National banks, at date of failure
217, 220, 221
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1955, by States,_
208-209
Postal savings:
In all banks, December 31, 1955, by States
174-175
In each class of banks, December 31, 1955, by States, 182-183, 198-199
In national banks, call dates in 1955, by States
77-128
Size of national banks, according to, December 31, 1954 and 1955
71
Suspended banks. {See Failures of banks.)
United States Government:
In all banks, December 31, 1955, by States
174-175
In each class of banks, December 31, 1955, by States
182183, 198-199, 203, 207
In national banks, call dates in 1955, by States
77-128
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1955
85, 158, 159
December 31, 1955
156-157
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years 193&-55
163, 164-165
Years 1954 and 1955, by classes of banks
160-161
Ratios:
Years 1936-55
163, 164-165
Years 1954 and 1955, by classes of banks
161
Years 1954 and 1955, by classes of banks
160-161
Receiverships of nonnational banks in
215-217
Reports required from banking associations in, year 1955
43
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 1955
147-149
By Federal Reserve districts, year 1955
144-146
By States, year 1955
136-143
Losses charged off on loans and securities:
Years 1936-55
153
Year 1955, according to size of banks (deposits)
148-149
Ratios:
Dividends to capital stock and capital funds, years 1930-55
152
Net profits before dividends to capital stock and capital funds,
years 1930-55
152
Net earnings from current operations and net profits before dividends per $100 of deposits, year 1955
149
Net earnings from current operations, net profits before dividends, and cash dividends per $100 of capital funds, year 1955 _ _ 149
Salaries and wages of officers and employees:
By size of banks (deposits), year 1955
147
Years 1953-55
\
150
Summary, years 1953-55
150-151
Trend in, since 1953
8-9
INDEX
227
Employees. (See Comptroller of the Currency, Office of; Officers and
employees of national banks.)
Examination of national banks:
Legislation enacted to provide for not more than three examinations
each two-year period in instances where considered prudent by Page
Comptroller
23
Number of bank examinations in year 1955
45
Examiners and assistant examiners: Changes in number, in year 1955
31
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 1934-55
222
National banks:
Assessments against stockholders
217, 220
Banks in charge of receiver in year 1955
44; 220, 221
Capital at date of failure
217, 220, 221
Circulation outstanding at date of failure
217
Closed and active receiverships to December 31, 1955
215-221
Costs of liquidation of receiverships terminated
217, 220
Deposits at date of failure of banks in charge of receiver in year
1955
217, 220, 221
Dividends paid to creditors to December 31, 1955
216, 218-219, 220
Number, capital, and deposits: Since inauguration of Federal
deposit insurance, years 1934-55
222
Number of, by States, since beginning of system
52-53
Receipts and disbursements of Division of Insolvent National
Banks to December 31, 1955
215-217, 220
Receivership liquidation to December 31, 1955
215-220
Receiverships terminated, 1865-1955
215-217
State banks:
In District of Columbia to December 31, 1955
215-217
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-55
222
Federal Deposit Insurance Corporation (see also Failures of banks):
Classification of insured and uninsured banks, December 31, 1955
2
Federal Reserve notes: Issue and redemption of, in year 1955
45
Fiduciary activities of national banks:
By Federal Reserve districts, December 31, 1955
131
Classification of investments under administration segregated according to capital of banks, December 31, 1955
132
Comparative figures of activities, 1951-55
30
December 31, 1955, by States
132-135
December 31, 1955, segregated according to capital groups
129-130
Section 10 (c), Regulation F, amended by Board of Governors of the
Federal Reserve System
24
Statement relative to
27-29
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 31, 1955
154, 155
Government bonds. (See Investments; United States Government securities.)
228
INDEX
Holding company affiliates of national banks:
Page
Legislation enacted relative to
24-26
Number of, December 31, 1955
44
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, 1955, by States
168-169
December 31, 1955, by classes of banks
166
December 31, 1936-55
212
National banks:
By size of banks (deposits), December 31, 1954 and 1955
71
Call dates in 1955, summary and by States
35, 77-128
December 31, 1955, by States
176-177
December 31, 1936-55
213
Losses charged off on:
According to size of banks (deposits), year 1955
148-149
Year 1955, by States and Federal Reserve districts.. 140-141, 145
Years 1936-55
153
Summary classification by maturities in 1955
7
State and private banks: December 31, 1955, by classes of banks and
by States...
166, 184-185, 192-193, 200, 204
Legislation enacted:
Section 24 of F. R. Act amended to permit national banks to make
amortized mortgage loans not in excess of 20 years, and to extend
tha maximum duration of residential and farm construction loans
which are not regarded as real estate loans from 6 to 9 months
23
Section 5146, U. S. R. S., amended to require two-thirds of directors
to live within State or 100 miles of bank
23
Section 5221, U. S. R. S., amended to omit requirement that national
banks going into voluntary liquidation publish notice thereof in
newspaper in New York City
_
23
Section 5240, U. S. R. S., amended to provide for not more than three
examinations each two-year period in instances where considered
prudent by Comptroller.
23
Legislation proposed:
To change from 5 to 10 days the period allowed national banks in
which to furnish call reports
22
To eliminate requirement that national banks notify this office of
declarations of dividends
22
To permit cumulative voting by shareholders of national banks only
if provided for in banks' articles of association
22
To permit national banks to make 18-month construction loans to
finance construction of commercial or industrial properties
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 1955, with names of succeeding
banks in cases of succession
55-56
Number of banks, in each State, since beginning of system
52-53
Summary, in year 1955
40-41
INDEX
229
Litigation involving Comptroller of Currency, pertaining to national-banks. 26-27
Loans and discounts of banks:
All banks:
December 31, 1955, classification of, by States
172-173
December 31, 1955, classification of, by classes of banks
._
166
December 31, 1936-55
_
.
212
Consumer debt, comments relative to___
,-._.__
4-5
National banks:
By size of banks (deposits), December 31, 1954 and 1955
71
Call dates in 1955, summary and by States
35, 77-128
December 31, 1955, classification of, by States.____ .180-181
December 31, 1936-55____
_.__._
213
Interest and discount earned on:
According to size of banks, (deposits), year 1955_____, _._
147
Year 1955, by States and Federal Reserve districts._ 136-137, 144
Years 1953-55
150
Losses charged off on:
According to size of banks (deposits), year 1955
.__ 148-149
Year 1955, by States and Federal Reserve districts.. 140-141, 145
Years 1936-55
153
Real estate loans of:
December 31, 1955, by States_.
180-181
Reserve for bad debt losses on
9-10, 180-181
State and private banks: December 31, 1955, classification of, by
States
18^-189, 196-197, 202, 206
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, 1955, by States
200-203
Insured, December 31, 1955
2,210-211
Uninsured, December 31, 1955
2,210-211
National bank circulation:
Outstanding at date of failure, and lawful money deposited to secure :
circulation, of national banks in charge of receivers, 1865-1955-..
217
Outstanding December 31, 1955
41
National bank examiners. (See Examiners and assistant examiners.)
National banks:
Affiliates of, number, December 31, 1955
.44
Assets and liabilities of:
Call dates in 1955, by States
77-128
December 31, 1955, by States,
__ 176-183
Principal items of, according to size of banks (deposits), December 31, 1954 and 1955
_.__
71
Principal items of, December 31, 1936-55
213
Branches. (See Branches.)
By size of banks, on basis of deposits, December 31, 1954 and 1955_
71
"Calls" for reports of condition of, dates, 1914-55
.73
Capital stock. (See Capital stock of banks.)
Charters granted, in year 1955
53-54
230
INDEX
National banks—Continued
Consolidations. (See Consolidations and mergers of banks.)
Page
Conversions to State banks, in year 1955, list ofl
58
Deposits. (See Deposits.)
Dividends. (See Earnings, expenses, and dividends of national banks;
Failure of banks.)
Earnings and expenses. (See Earnings, expenses, and dividends of
national banks.)
Failures of. (See Failures of banks.)
Fiduciary activities. (See Fiduciary activities of national banks.)
Holding company affiliates of, number, December 31, 1955
44
Insolvent. (See Failures of banks.)
Investments. (See Investments of banks.)
Liquidation of, in year 1955
40-41, 44, 55-56
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates in year 1955, by States
77-128
Chartered and closed: Since February 25, 1863
52-53
December 31, 1936-55
213
In existence December 31, 1955, by States
52-53
With surplus fund equal to or exceeding common capital stock
1942-55
72
With surplus fund less than common capital stock 1942-55
72
Officers and employees, number and salaries of:
By size of banks (deposits), year 1955
147-149
Year 1955, by States and Federal Reserve districts
138-139, 144
Years 1953-55
150
Purchases by other national banks, 1955
15
Purchases by State banks, 1955
15
Reports required from in year 1955
43
State banks purchased by, in year 1955, list of
58
Status of
2-10
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), year 1955
147-149
Year 1955, by States and Federal Reserve districts
138-139, 144
Years 1953-55
150
Organization of national banks:
Charters granted, in year 1955, list of, by States
53-54
Charters granted, which were conversions of State banks, in year 1955_ 15, 55
Charters granted, which were conversions of State banks, 1950-55
16
Number of, by States, from February 25, 1863, to December 31, 1955. 52-53
Summary, in year 1955
21, 40-41
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks, December 31, 1955, by States
208-209
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1955, by States
168-169
INDEX
231
Possessions:
Assets and liabilities of banks in:
Page
All banks, December 31, 1955__________
168-175
Banks other than national, December 31, 1955
184-191
National banks, call dates in 1955
78, 88, 124
National banks, December 31, 1955
176-183
Earnings, expenses, and dividends of national banks in, year 1955 _ 136-143
Per capita demand and time deposits of individuals, partnerships,
and corporations, of all banks in, December 31, 1955
209
Postal savings. (See Deposits.)
Private banks:
Assets and liabilities of: December 31, 1955, by States
204-207
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 1955
43
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,
1955
210-211
State banks purchased by national banks during the year 1955, list of
58
State commercial banks:
Assets and liabilities of, December 31, 1955, by States
192-199
Insured, December 31, 1955
2,210-211
Member banks of the Federal Reserve System, December 31, 1955
2,
210-211
Nonmember banks of the Federal Reserve System, December 31,
1955
2, 210-211
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1955
2,210-211
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December
31, 1955
210-211
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, 1952-55
37
Trust companies. (See State commercial banks.)
Trust powers of national banks. (See Fiduciary activities of national
banks.)
United States Government deposits. (See Deposits.)
232
INDEX
United States Government securities:
All banks:
Page
December 31, 1955, by States
168-169
December 31, 1955, by classes of banks
166
December 31, 1936-55
212
National banks:
By size of banks (deposits), December 31, 1954 and 1955
71
Call dates in 1955, by States
77-128
December 31, 1955, by States
176-177
December 31, 1936-55
213
State and private banks:
December 31, 1955, by States
184-185, 192-193, 200, 204
December 31, 1936-55
214
Voluntary liquidation of national banks. (See Liquidation of national
banks.)
o
@FedFRASER