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NINETY-FOURTH ANNUAL REPORT
OF THE

Comptroller of the Currency




1956

WASHINGTON : 1957

TREASURY DEPARTMENT

Document No. 3204
Comptroller of the Currency

For sale by the Superintendent of Documents, U. S. Government Printing Office
Washington 25, D . O. - Price $1.75 cents




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

Washington, D. C, July 1, 1957.
In accordance with the provisions of section 333 of the United
States Kevised 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 1956.
Kespectfully,
SIRS:

RAY M.

GIDNEY,

Comptroller of the Currency.
THE PRESIDENT OF THE SENATE.
THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.




m

ANNUAL REPORT
OF THE

COMPTROLLER OF THE CURRENCY
STATUS OF NATIONAL BANKING SYSTEM

The 4,659 national banks with total assets of $117,701,982,000 at
December 31, 1956, maintained their relative position in the Nation's
banking. They held approximately 47 percent of the banking assets
in the commercial and savings banks of the Nation, and 54 percent
of the commercial banking assets, while State-chartered commercial
banks and trust companies, numbering 9,001, held assets of $101
billion, and 528 State-chartered mutual savings banks had assets
of $33.3 billion. For all banks, assets were $252 billion, an increase of
$8.8 billion for the year, which were held in the following types and
categories of banks:
[Figures in millions of dollars]

Type of bank

Not members of FedMembers of both the
eral Reserve or FedFederal Reserve Sys- Members of Federal
eral Deposit Insurtem and Federal De- Deposit Insurance
ance Corporation
posit Insurance Cor- Corporation only
poration
Number Total assets Number Total assets Number Total assets

National banks
State commercial banks
Mutual savings banks
Total

4,651
1,808
3
6,462

1

117,344
3 67, 502
3 28

27
6,753
220

i 144
* 31,156
* 25, 255

21
440
305

i 214
5 2, 294
«8,028

184, 874

6,980

56,555

746

10, 536

Recapitulation
Number
National banks
State commercial banks
Mutual savings banks
Head offices __.
Branches...
'.
Total banking offices

Branches

Total
assets

4,659
9,001
528

3,655
3,844
366

117,702
100,952
33,311

3,952
2,871
2,037

14,188
7,865

7,865

251,965

8,860

22,053

1
Supervised by Comptroller of the Currency.
2 Outside continental United States.
> Supervised by State banking departments and the Federal Reserve System.
« Supervised by State banking departments and Federal Deposit Insurance Corporation.
» Supervised by State banking departments only.




Increase
for 1956

2

REPORT OF THE COMPTROLLER OF THE CURRENCY

Growth of Financial Institutions
Commercial bank assets increased $6.8 billion over 1955. The
3.2 percent increase was below the average annual growth of 4.5
percent during the past decade. The most rapid growth has occurred
in savings and loan associations and mutual savings banks which have
been in position to offer more attractive savings interest rates because
of their favorable tax status and lower liquidity requirements. Effective January 1, 1957, most of the Nation's commercial banks were
permitted to make upward revisions in savings interest rates. Whether
this will enable the commercial banks to compete more effectively with
the mutual type organizations remains to be seen. Relative growth
by classes during the past ten-year period is presented in the following
table :
Financial Institutions
[Total assets]
Dec. 31,
1946

Dec. 31,
1956

Percentage
of increase

(In billions of dollars)
Commercial banks
Mutual savings banks
Savings and loan associations

- -

151
19
10

219
33
43

45.0
73.7
330.0

Status oj National Banks
A reduction in the number of national banks in the national banking
system from 4,700 to 4,659 is accounted for through consolidations,
mergers, sales, and a few conversions which occurred during 1956.
The total assets held by the system at the year end amounted to
$117.7 billion reflecting a gain of nearly $4 billion during the year.
Of this gain $326 million came through assets acquired in the absorption of State banks by national banks by consolidations, mergers, and
purchases, and the conversion of 10 State banks into national banks,
and represents the net gain in excess of the aggregate assets of national
banks which flowed into the various State banking systems through
similar transactions. With a few exceptions, the national banks continue to maintain an excellent condition as measured by the basic
tests of competency of management, soundness of assets, capital adequacy, and earning capacity.
Deposits
During 1956, the total deposits of all national banks increased $3.3
billion thereby raising the year end total to $107.5 billion as compared
to $104.2 billion at the end of 1955. The increase for the year 1955
was $3.9 billion.
The need for a higher interest rate to permit commercial banks to
achieve a better measure of competitive equality in the field of savings
and time deposits became more critical during 1956. Late in the year
the Board of Governors of the Federal Reserve System issued a supplement to Regulation Q, effective January 1, 1957, which raised from



REPORT OF THE COMPTROLLER OF THE CURRENCY

2){ percent to 3 percent the maximum rate of interest a member bank
may pay on time and savings deposits and similar action was taken
by the Federal Deposit Insurance Corporation for nonmember insured
banks. This departure from the 2% percent maximum rate in effect
since February 1, 1935, was in recognition of the general rise which
had been taking place in interest rates. Many national banks
promptly revised their savings interest rates upward, some to the
maximum permitted by the Regulation. At this time it is too early
to determine whether the increased rates will result in commercial
banks obtaining an importantly larger proportion of available savings
and time deposits. Mutual-type associations enjoy tax advantages
over commercial banks, maintain loan positions (with attendant earnings advantages) that the liquidity requirements of commercial banks
will not permit, and have also been able to place in effect higher rates
of interest for deposits or share accounts.
Loans
After deducting Reserves for Bad Debts and valuation reserves of
$833.5 million, national banks held net loans of $48.2 billion at the
end of 1956, an increase of $4.6 billion over the net total of $43.6
billion reported at the close of the previous year. Loans to commercial
and industrial type borrowers increased $2.8 billion to a total of $21.1
billion at the year end. This category of loans now constitutes 43
percent of national system portfolios, up 2 percent from the prior
year end.
Nonfarm housing units on which construction was started in 1956
numbered 1,120,000, approximately 209,000 less than those started
in 1955. The value of all types of new construction activity in 1956
has been estimated at $44.3 billion with business construction accounting for most of the gain of $1.3 billion during the year.
That portion of the real estate mortgage debt of the nation secured
by residential properties (1 to 4 family houses) totalled $99.1 billion
at the close of 1956 reflecting an increase of $10.9 billion for the year
as compared to a gain of $12.5 billion for the prior year. The 1956
increase in the total of all types of real estate mortgage loans was
$14.7 billion whereas the gain reported for 1955 was $16.2 billion.
Farm mortgage debt reported at $9.7 billion was up less than 8
percent from the close of 1955. National banks held real estate
mortgage loans at the end of 1955 and 1956 as follows:
[Figures in millions of dollars]
Type

Conventional—residence—
Conventional—other properties
C on ventional—farm
Insured—FHA
Insured or guaranteed—VA
Total




Dec. 31,
1955

Dec. 31,
1956

Dollar
increase

3,500
1,986
505
2,787
2,242

3,931
2,264
516
3,022
2,330

431
278
11
23588

11,020

12,063

1,043

4

REPORT OF THE COMPTROLLER OF THE CURRENCY

The $12 billion of real estate mortgage loans held by national
banks at the end of 1956 constituted approximately 25 percent of their
net loans and discounts. The $1 billion by which national banks
increased their holdings of real estate mortgage loans constitutes
about 7 percent of the $14.7 billion reported increase for all types of
such loans in the Nation in the year 1956. National banks acquired
about 8 percent of the Nation's increase in such loans in 1955.
Each national bank is required by law to restrict its total investment in real estate mortgage loans, excepting those loans which are
insured or guaranteed to the extent of 20 percent or more by the
Veterans Administration, to an amount not exceeding 60 percent of its
time and savings deposits or 100 percent of capital and surplus, whichever is the greater. The $9.7 billion in real estate mortgage loans
which are subject to this limitation equals 36.9 percent of the $26.3
billion of time and savings deposits held by the national banking
system.
The Nation's consumer debt continues to rise and reached an estimated $41.9 billion at the year end as compared to $38.6 billion at the
end of 1955, an increase of $3.3 billion.* Instalment credit at the
close of 1956 is estimated at $31.6 billion of which $14.4 billion or
45.6 percent is represented by automobile paper, nearly 1 percent less
than the proportion which existed at the end of 1955.
The total amount of instalment type personal and consumer loans
held by the national banking system at the year end was $7.5 billion,
up $777.5 million from the end of 1955. The holdings of these types
of instalment loans by national banks represented 23.7 percent of
such loans held by all financial institutions and retail outlets of the
Nation. Automobile loans held by national banks totalled $3.5
billion, up $293.7 million for the year, and constituted 46.7 percent
of all instalment loans held by such banks.
Generally, national banks have maintained sound standards of
down payment and maturity terms for automobile paper accepted
during 1956. On the basis of information assembled from 1956
reports of examination of 3,856 national banks which segregate instalment paper in their loan portfolios or hold such paper in an aggregate amount equal to 10 percent or more of their loan accounts, only
14 banks were offering automobile loan terms or accepting dealer
paper upon terms which appeared subject to criticism. Subsequent
to the examinations, some of these banks have revised their terms to
more conservative limits or have such a revision under consideration.
The new examination report forms dealing with instalment credit
which have been in use since August 16, 1955 are thought to have
been beneficial and helpful from a supervisory standpoint, and also
because bank management has the opportunity to consider graphic
presentation of policy weakness if it exists and adopt suitable strengthening measures. The following schedule provides details on the down
payment and maturity policies of the 3,856 national banks abovementioned divided into three size groups.
•Consumer Credit Statistics have been revised on the basis of data which became available recently.
The revision raised the estimate of total consumer credit outstanding as of December 31,1955, by about 7
percent or $2.4 billion. Comments relating to these statistics contained herein take into account the revised
data which were not available at the time the 93rd Annual Report of the Comptroller of the Currency—1955
was prepared



REPORT OF THE COMPTROLLER OF THE CURRENCY

5

Recapitulation—percent of down payment and monthly payment terms on instalment
automobile loans required by 3,856 representative national banks in 1956

GROUP I BANKS
(Resources under $10MM)
NEW AUTOS
Percent of down payment

Term (number of months)

25

20

18 and under
24....

Over

1
1

30

36

13
56
27
5

8
19
17
5

227
1,413
543
234

10
22
6
3

258
1,511
594
247

2

101

49

2,417

41

2,610

_.

Total

33 Y&

30

Total
number
of banks

_ _

_

USED AUTOS—LESS THAN 1 YEAR OLD
18 and under.. . _
24-—

__- . ..-

5
22
7

4
8
4

202
558
142
11

51
16
2
1

262
604
155
12

34

16

913

70

1,033

992
1,042
54
5

30

206
57

1,226
1,140
63
5

36

Total

.

USED AUTOS—1 TO 2 YEARS OLD
18 and under _
24
30
36
42

Total.

35

2,434

2,C

U S E D AUTOS—2 T O 3 YEARS O L D
18 and under
24
30
36
Total

1
1

16
8
1

21
9
1

1,447
442
11

379
32
1

1.864
492
14

2

25

31

1,900

412

2,370

1,481
178
6
1

465
18

1,985
205

1,6

483

2,198

U S E D AUTOS—3 TO 4 YEARS O L D
18 and under..
24
30
36

Total.

1

U S E D A U T O S -- O V E R 4 YEARS O L D

18 and under..

1

12
1

17

1, 060
69

430
10

1, 520
80

1

13

17

1, 129

440

1, 600

24
30
36

Total




6

REPORT OF THE COMPTROLLER OF THE CURRENCY

Recapitulation—percent of down payment and monthly payment terms on instalment
automobile loans required by 8,856 representative national banks in 1956—
Continued
GROUP II BANKS
(Resources between $10MM and $50MM)
NEW AUTOS

18 and under
24
30
36

2

17
11
10

2

_-

33^

30

25

20

Total

Total
number
of banks

Percent of down payment

Term (number of months)

38

Over

1
4
14

18
431
330
140

4
5
5
2

23
457
362
152

19

919

16

994

USED AUTOS—LESS THAN 1 YEAR OLD

1

Total

3
3

1
3

44
177
79
8

6
3

50
184
86
8

1

18 and under
24
30
36.
_

6

4

308

9

328

USED AUTOS-1 TO 2 YEARS OLD
18 and under
24
30
.
36
Total

--

--

1
1

_._

„.

.~-

2

1
4
1

2
8
1

268
500
39
4

55
26
1

326
539
42
5

6

11

811

82

912

USED AUTOS—2 TO 3 YEARS OLD
18 and under
24
30
36
- >

1

2
1

1
5
4

499
287
2

105
11
1

608
304
7

1

3

10

788

117

919

-

Total

USED AUTOS—3 TO 4 YEARS OLD
18 and under
24
30.
36
.
Total

.

1

2

6
3

613
98
1

142
5

764
106
1

1

_

2

9

712

147

871

USED AUTOS—OVER 4 YEARS OLD
18 and under
24
30
36
Total




1

1

2

4
1

441
27

146
1

593
30

2

5

468

147

623

REPORT OF THE COMPTROLLER OF THE CURRENCY

7

Recapitulaton—percent of down payment and monthly payment terms on instalment
automobile loans required by 8,856 representative national banks in 1956—•
Continued
GROUP III BANKS
(Resources $50MM and over)
NEW AUTOS
Percent of down'payment

Term (number of months)
20

18 and under
24
_
_

25

30

Total
number
of banks

Over

33^

1
1

36
Total —

6
8
7

1
20
3

2
53
99
41

1
1
3
5

3
61
131
57

2

_

30

21

24

195

10

252

2
27
37
4

1
1

3
29
44
4

70

2

80

6
7

34
140
18

11
15

46
168
25

13

192

26

239

USED AUTOS—LESS THAN 1 YEAR OLD
18 and under
24
30
36.

___

1
7

Total _ _

_

1

7

USED AUTOS—1 TO 2 YEARS OLD
1
7

18 and under
24
30
36
Total

8

USED AUTOS—2 TO 3 YEARS OLD

1
5

2
6
1

95
95

24
4

122
110
1

6

18 and under...
24
30

9

190

28

233

36

Total

USED AUTOS—3 TO 4 YEARS OLD

18 and under...

__ __

.

24

2
2

4
1

161
21

36
2

203
26

4

5

182

38

229

30
36

Total

_

.

USED AUTOS—OVER 4 YEARS OLD

18 and under.._

__

24

30
36

Total




2
1

3

121
1

56

182
2

3

3

122

56

184

8

REPORT OF THE COMPTROLLER OF THE CURRENCY

Liquidity
A continuing increase in loan volume in 1956 affected the liquidity
of national banks less than in either 1954 or 1955. Demand deposits
at the end of 1956 were 74 percent covered and total deposits 54.7
percent covered by cash, balances due on demand from correspondent
and reserve banks, and United States Government securities, as
opposed to 77 percent and 57 percent, respectively, at the 1955 year
end. At the close of 1954 such liquid assets covered 82.3 percent of
demand deposits and 61.3 percent of total deposit liabilities.
Investment Accounts
Total investment accounts of national banks continued to decline
in 1956 and amounted to $40.5 billion at the end of the year, a reduction of $2.3 billion of which $2 billion were in obligations of the
United States. During the last half of the year there was an increase
of $1 billion in holdings of United States obligations and the rate of
addition to these holdings appeared to have accelerated in the last
quarter. The reduction of investments provided an important
source of funds to satisfy the demand for loans which increased $4.6
billion to $48.2 billion. Deposits of individuals, partnerships and
corporations increased $2.5 billion to furnish the difference.
A significant change has taken place in the distribution of maturities in the holdings of United States obligations. In the year
1955 a decrease of $5.8 billion occurrred in U. S. Government holdings
but the percentage of short term holdings remained relatively constant at slightly over 56 percent. At the end of 1956, short maturities had increased to over 70 percent of all holdings of United
States obligations by national banks. While there has been some
addition to long term United States issues, they represent less than
8 percent of the total investment account. During 1956 no important
change took place in the distribution of maturities of municipal
and other bonds.
tin millions of dollars]
United States bonds
Dec. 31,1954 Dec. 31,1955 Dec. 31,1956
$"hort term
Long term
Total-




22,261
13,880
3,359

18,982
11,951
2,754

22,363
6,321
2,992

39,500

33,687

31,676

9

REPORT OF THE COMPTROLLER OF THE CURRENCY
Recapitulation by Maturities

(United States Bonds as of Dec. 31,1956; municipal and other bonds as of most recent examination reports)
[In millions of dollars]

United
States
bonds

General
obligation

Special
revenue

municipal
authority
municipal and corbonds
porate
bonds

Total

Total

___

i 22,363
6,321
2,992

2,982
1,905
1,215

1,676
417
395

27,021
8,643
4,602

31,676

Short term (maturing up to 5 years)
Medium term (maturing between 5 and 10 years).
Long term (maturing after 10 years)

2 6,102

s 2,488

40,266

1 Includes $978 million of nonmarketable United States Bonds.
Includes $1,108 million of general obligations of States and $676 million of housing authority obligations.
3 Includes $924 million of special revenue municipal authority obligations and $992 million of Federal
Corporation (not guaranteed) bonds.
2

Capital Structure
The adequate capitalization of all national banks continues to be an
important objective of the Comptroller's office. During 1956 the
sale of additional capital stock to further strengthen capital structures was undertaken and consummated by the managements and
shareholders of 232 national banks. These 232 banks sold new shares
of common stock which yielded $192 million of additional funds to
augment their capital structures. The shareholders of 329 national
banks, with the approval of the Comptroller, approved dividends
payable in common stock having a total par value of $83 million
during the year. During the 10-year period 1947 to 1956, 1,63.9
national banks have completed new capital sale programs which
added $1,074 million to their capital funds.
At the end of 1956, the capital structures of the 4,659 national
banks amounted to $8,472 million, and their reserves for bad debts
and other loan valuation reserves to $833.5 million, or an aggregate
total of capital funds and reserves of $9.3 billion. This is the equivalent of $1 of capital protection to cover the potential risks involved
in each $5.88 ($5.80 at the close of 1955, $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 $118.5 billion of
total assets, $63.8 billion of cash or its equivalent, United States
Government obligations, and loans or portions of loans guaranteed
or insured by Federal Government agencies.
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 very small in relation to the protection
offered by capital structures and reserves.
Earnings and Net Additions to Reserves
Net profits of national banks after taxes but before dividends in the
year ended December 31, 1956 were $647.1 million, exclusive of $142.9
million added to bad debt and valuation reserves. Comparable fig


10

REPORT OF THE COMPTROLLER

OF THE CURRENCY

ures for the year 1955 were $643.1 million and $88.3 million, respectively. Such net profits and additions to reserves for the year 1956
were equal to 9.32 percent of year end capital funds, up from 9.22 percent for the year 1955. Dividends of $329.9 million were paid to
shareholders, and net retained earnings and additions to reserves
amounted to $460.1 million.
Net earnings from current operations amounted to $1,497 million,
equivalent to 1.39 percent of year end deposits of $107.5 billion, as
compared with 1.28 percent for the year 1955. Adding to the net
operating earnings profits on securities sold of $11.4 million, recoveries
on assets previously charged off of $79 million, and deducting therefrom actual losses on securities sold and charge-offs against book
values of $238.9 million, actual loan losses of $78.3 million, and chargeoffs on other assets of $48.2 million, the aggregate net profits of all
national banks equaled $1,221.8 million. Deducting therefrom net
additions to bad debt reserves and valuation reserves of $142.9 million,
net profits before income taxes amounted to $1,078.9 million. Total
taxes paid were $431.7 million (29 percent of net earnings from operations and 40 percent of net profits before taxes), leaving net profits,
as above stated, of $647.1 million.
Set forth below is a schedule of earnings, expenses, etc., per $100 (1)
of assets and (2) capital funds, showing the trend in each of the past
4 years.
Earnings, expenses, etc., of national banks for the years ended December 31, 1953,
1954, 1955, and 1956
[•Indicates amounts in millions of dollars]
1953
•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.) *
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

1954

1955

110,117
7,410
3,068
$2.79
$41. 41
1,845
$1.68
$24.90
1,223
$1.11
$16.51
-151
-$.14
-$2.05
466
$.42
$6.28
606
$.55
$8.18

116,151
8,104
3,226
$2.78
$39.81
1,996
$1.72
$24.63
1,230
$1.06
$15.18
-fl49
+$•13
+$1.84
532
$.46
$6.56
847
$.73
$10.46
Qfift
ouu
$.26
$3.70
2 547
$.47
$6.76

113,750
7,936
3,437
$3.02
$43.31
2,105
$1.85
$26.53
1,332
$1.17
$16. 78
-154
-$.14
-$1.94
446
$.39
$5.62
732
$.64
$9.22

ZIO

$.25
$3.71
2
331
$.30
$4.47

q-j A
Olu

$.27
$3.90
2
422
$.37
$5.32

1956
117, 702
8,472
3,833
$3.26
$45.24
$1.99
$27. 57
1,497
$1.27
$17. 67
-275
-$.23
-$3.25
432
$.37
$5.10
790
$.67
$9.32
330
$.28
$3.89
2
460
$.39
$5.43

1 Exclusive of transfers to and from reserve for bad debts and other valuation reserves on loans and securities but including net losses charged to these reserves.
2
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, $89 million in
1955 and $143 million in 1956 transferred to effect a net increase in reserves for bad debts and valuation reserves, (Taxes would have absorbed a portion of these amounts had the transfers not been made.)




REPORT OF THE COMPTROLLER OF THE CURRENCY

11

Reserve for Bad Debts

During the calendar year 1956, the upward trend continued in the
number of national banks maintaining reserves for bad debts and in
the dollar volume of such reserves. At year end, 2,721 national banks
(58.4 percent of all national banks) haying gross loans of $45.2 billion
(92.27 percent of gross loans in all national banks) were maintaining
reserves for bad debts of $792.7 million, an increase of $174 million
over 1955. At the end of 1955, 2,654 national banks maintained such
reserves. The total amount of bad debt reserves amounted to 1.75
percent of gross loans in those banks maintaining such reserves. A
large number of banks have reached or are approaching the ceiling
established for such reserves by the Internal Revenue Service.
As pointed out in the Comptroller's annual reports for 1954 and
1955, 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 years' period commencing January 1, 1928. This permits the largest reserves in relation to gross loans outstanding to be established by those banks which
suffered relatively the greatest loan losses in the past. This results
in undesirable inequities between banks since the banks that may
most need such reserves, based on their condition present and prospective, may be those that are permitted to establish a small percentage
of reserves in relation to outstanding loans because of their favorable
loss history. 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 premise that loan losses must be expected in the
long run which may become abnormally large under unfavorable conditions and such losses should be regarded as a banking hazard against
which a reasonable initially tax-free reserve should be established.
A 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.
Pension Plans
During 1954 the examination report form was revised to include
pertinent information regarding the pension plans of national banks.
Recently the Office of the Comptroller of the Currency compiled data
based on the information thus obtained.
Of 4,521 l banks surveyed, 34.6 percent or 1,567 national banks,
employing 202,058 or 80.3 percent of all national bank personnel, have
pension plans. A total of 49,577 or 19.7 percent of the officers and
employees of national banks are not covered by some type of formal
retirement program.
Pension programs in the banking field have gained increased prominence within the past 10 years. Many small and medium-sized insti1

Not included are 138 banks which have plans of some type but for which information is not complete.




12

REPORT OF THE COMPTROLLER OF THE CURRENCY

tutions have adopted plans during this period. Generally speaking
the larger banks of the country have had pension plans for longer
periods. Their adoption has come about largely through the desire
of banks to provide economic security for their employees and recognition that formal retirement plans covering old age and disability
have become increasingly important in the general wage structure.
Thus it has become correspondingly more difficult for banks to obtain
and retain desirable personnel if such plans are not available.
Among the considerations which have influenced banks to adopt
pension plans are the following:
(1) Increased efficiency of employees who enjoy good prospects for
future economic security.
(2) Reduction in employee turnover.
(3) Greater selectivity possible in obtaining new employees.
(4) Improved opportunity for advancement of younger workers
afforded by the systematic retirement of older employees.
(5) Promotion of employee satisfaction and good will.
An important advantage of pension plans is that these programs
assist in furnishing continuity of management, particularly in the
small and medium-sized banks. The problem of management succession in these institutions has become more difficult in the past few
years and, in many instances, has been a motivating factor in the
consolidation or merger of smaller banks with larger institutions.
Costs of the retirement programs surveyed, which are fully deductible for Federal Income Tax purposes contingent upon approval of the
plan by the Internal Revenue Service, average approximately 7 percent of net profits before taxes and dividends. The net cost would
appear to be within the earnings capacity of almost all banks and
the value received is adequate to justify the expense. The average
annual cost to the banks surveyed per employee is approximately
$280. The largest banks have a higher average annual cost per
employee, caused in part by the greater proportion of these institutions which bear the entire cost of the plans without employee contributions.
The following table reflects some of the important factors in connection with pension programs of national banks. Data is classified
according to size of bank based on total deposits.




REPORT OF THE COMPTROLLER OF THE CURRENCY

13

National banks with Pension Plans
Number of banks
Size of bank based on total
deposits

T o $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..
Over? 00,000,000

Without
plans

With
plans

0
0
2
43
331
364
416
188
98
104
21

2,954

Total.

23
65
94
592
1,228
592
280
54
17
9
0

Cost of plan
Average per bank as
Average
Average annual cost a percentnumber of
officers and annual cost of plan per age of net
employees of plan per staff mem- profits beber
bank
per bank
fore taxes
with plans
and dividends

1,567

4.0
6.0
11.2
23.5
45.4
97.0
193.5
577.2
3,537.6

$2,000
1,700
3,100
5,800
12,100
27,300
52,600
164,700
1,445,500

$500
281
280
280
266
282
229
285

Total salaried staff—officers and employees—of 2,954 banks without plans
(65.4 percent)—_
_
_.Total salaried staff—officers and employees—of 1,567 banks with plans (34.6
percent)
_

21.0
8.7
7.6
7.3
7.6
7.3
7.0
6.8
6.7

202,058

Percent
19.7
80.3

251,635

100.0

49,577

Total..

The following table presents a geographical distribution according
to Federal Reserve districts of national banks with pension plans.
In all Federal Reserve districts a majority of the larger banks have
pension plans while only 22 percent of the national banks with deposits
under $10 million have programs. Most of the smaller banks without
plans are located in agricultural areas which do not have to compete
directly with industries offering such plans. National banks with
pension plans range from a high of 58 percent in the First Federal
Reserve district to a low of 18 percent in the Tenth Federal Reserve
district.
Banks with deposits under
10 million
Federal Reserve district

Number of banks
Without
plans

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

Boston
New York
Philadelphia
Cleveland
Richmond.
Atlanta
Chicago
St. Louis
Minneapolis—.
Kansas City
Dallas.
San Francisco

. . .

Total...

432389—57-




With
plans

Banks with deposits over
10 million
Number of banks

Percentage with
plans
Without
plans

With
plans

Grand
total percentage
Percentwith
age with
plans
plans

91
144
239
231
185
152
283
234
180
457
349
49

94
112
128
57
60
28
57
21
81
52
37
13

51
44
35
20
24
16
17
8
31
10
10
21

12
32
27
23
29
39
70
22
2
47
46
11

51
95
68
68
65
82
147
39
63
55
54
40

81
75
72
75
69
68
68
64
97
54
54
78

58
54
42
33
37
37
37
19
44
18
19
47

2,594

740

22

360

827

70

36

14

REPORT OF THE COMPTROLLER OF THE CURRENCY

Branch Banking
The apparent need of banks for new branches continued during
1956, as evidenced by the near-record number of applications for
de novo branches filed by national banks. The 524 applications received were acted upon as indicated below:
Number
Approved
Denied....
Withdrawn >.
In process of investigation and study
Total

.

__..
___

Percent

299
125
46
54

57
24
9
10

524

100

Pressure for new branch facilities continues in direct relation to the
growth in population of suburban areas and the increasing traffic
congestion and parking problems in downtown business sections. It
is also fostered by competitive banking factors.
On December 31, 1956, 631 national banks out of a total of 4,659
were operating 3,655 branches in 35 States, the District of Columbia,
Alaska, Hawaii and the Virgin Islands. This compares with 3,224
branches of 547 national banks at the previous year end.
The Financial Institutions Act of 1957, which was passed by the
Senate in March, and is awaiting action in the House of Representatives, in Section 39 contains two changes in the provisions dealing
with branches that are of interest. Subsections (a), (c), (d), (e) and
(g) of this section are the same as Title 12, United States Code, Section 36. Subsection (b) of this section is the same as subsection (b)
of Title 12, United States Code, Section 36, to the effect that if a
State bank is merged with a national bank, or if two or more national
banks are merged, then the merged banks may retain and operate
any of their branches in lawful operation on February 25, 1927. It
adds a new provision to the effect that as to any banks so merged or
consolidated, any branches of the continuing bank may continue to
be retained and operated if they were in lawful operation immediately
prior to the effective time of the merger or consolidation. The purpose of the existing law is to prevent a bank from acquiring branches
by taking over other banks where such branches could not legally be
established under State law. However, this purpose does not apply
to branches of the continuing bank, and no public interest is served
by requiring the continuing bank to obtain anew the approval of the
Comptroller of the Currency for continued operation of its legally
established branches already in existence.
Subsection (f) of this section continues the definition of the term
"branch," but adds a proviso that acceptance of deposits in furtherance of a school thrift or savings plan by a national bank at any
school located within its trade area and within the same State shall
not be considered to be the operation of a branch. The public interest
in encouraging school children in habits of thrift is ample justification
for this departure from the general rule that the acceptance of deposits by a national bank agent at any place other than the bank's
main office constitutes branch banking.



REPORT OF THE COMPTROLLER OF THE CURRENCY

15

Applications to Organize National Banks
Fifty-nine applications to organize new national banks were filed
in 1956. Approval was given to 23 applications, 20 cases were
denied, 11 were abandoned and 5 were pending. The 23 approved
cases have resulted or will result in the organization of new national
banks in 14 States. Thirty banks were chartered during the year
and opened for business in 13 States.
Number
of approvals

State

Arkansas...
California
Florida .
Georgia. _
Illinois
Indiana
Iowa __
Michigan
Minnesota
New Mexico
New York
Ohio
Pennsylvania
South Dakota
Tennessee..
Texas
Virginia .
Washington..
West Virginia
Wisconsin
Total

1
1
1

__

2
1

Number
of banks
opened

_

_
_
_

2
1
1

11
1
2
1
1
1
2
1

612
l,C50
600
1,300
300
625
500
400
1,050

1
1

-

1

6
1
1
2
•23

Banks
opened
total
capital
structure

Thousands Thousands

2

_

Approvals
total
capital
structure

6
1
1

300
2,970
900

6,800
350
1,500
600
250
400
2,050
5 000
350
200
2,800
300
285

560
900
•*30

12,067

20,885

•Approvals include three that also opened during 1956. The remaining 20 had not completed their
organization.
••Opened banks include 27 that weie originally approved in 1955 or 1954 but did not open for business
until 1956.

Bank Consolidations, Mergers, Sales
During 1956 the Comptroller approved the absorption of 105
State and national banks by 101 national banks as compared to 126
such absorptions by 118 national banks in 1955. Twenty-six national
banks were absorbed by 25 State banks during 1956 as compared to
47 such absorptions by 46 State banks in 1955. Fifty-five State
banks were absorbed by other State banks in 1956 as compared to
52 in 1955. The following schedule contains details of the absorptions which occurred during 1956.




16

REPORT OF THE COMPTROLLER OF THE CURRENCY
Consolidations, mergers, purchases—1956

Number of
banks

Total
deposits

Type

Total
capital
structure

Millions of dollars
36
33
14
22
105

National banks consolidated or merged with and into 35 national banks
State banks consolidated or merged with and into 30 national banks
-.
National banks purchased by 14 national banks
State banks purchased by 22 national banks

1,724
234
113
112

134
23
9
12

Approved by Comptroller of Currency

---

2,183

178

19
7
55

National banks consolidated or merged with and into 18 State banks
National banks purchased by 7 State banks
_
State banks consolidated, merged, or purchased with or about the same
number of State banks
—

140
25

11
2

81

Approved by State banking departments

186

_

*403
568

Grand total

.._

13

2,751

191

*Total resources.

Conversions
Deposits
Number (in millions
of dollars)
State banks converted into national
banks.
National banks converted into
State banks.
Total

10

110.2

3

3.3

13

113.5

Capital structure (in millions of dollars)

3.7—converted into 10 national banks.
. 4—converted into 3 State banks.
4.1

The shareholders of the 69 banks consolidated or merged with and
into 65 national banks received cash and book value stock of the
continuing banks aggregating $177,339,698 or $8,186,229 in excess
of the aggregate book value of assets which those banks contributed
to the mergers or consolidations. This excess amounted, on the
average, to 0.42 percent of the aggregate deposits acquired by the
continuing banks. On an estimated or fair valuation basis, the
shareholders of the 69 absorbed banks contributed assets having an
estimated fair value, in excess of liability to creditors, of $177,307,888
and received cash and fair value stock of the continuing banks aggregating $186,309,454 or $9,001,566 in excess of the aggregate fair
value of 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., and amounted, on
the average, to approximately 0.46 percent of the aggregate deposits
acquired by the continuing banks.
The shareholders of the 14 national and 22 State banks that were
purchased by the 36 national banks received $26,426,576 in cash, or
$5,093,707 in excess of the book value of the selling banks' aggregate
capital structures. This amounted, on the average, to 2.26 percent
of the selling banks' deposit liabilities.



REPORT OF THE COMPTROLLER OF THE CURRENCY

17

Over the 7-year period from January 1, 1950, to December 31, 1956,
the Comptroller's Office approved the acquisition by national banks
of 281 other national banks and 284 State-chartered banks through
consolidation, merger, or sale, and saw 179 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 272 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. 31, 1956
Number of
banks

108
42
131
281
94
32
158
284

Total resources (in
millions of
dollars)

Type

National banks consolidated with and into other national banks
National hanks merged with other national banks
National banks purchased by other national banks

.

Total.

2,691
1 489
1,308
5,488

State-chartered banks consolidated with and into national banks
State-chartered banks merged with national hanks
State-chartered banks purchased by national banks
Total—.

1,732
384
854
2,970

565

Approved by Comptroller of the Currency

8,458

97
82
272

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

8,270
850

451

Approved by State banking departments

1,016

Total for absorbed banks

3,993
13,113
21,571

Conversions—1950 to Dec. 31, 1956
National banks converted into State-chartered banks
State-chartered banks converted into national banks

158
417

Much study has been given to the competitive position of banking
in the United States to determine whether the 1,016 absorptions
during the past 7 years have had the effect of depriving the public of
adequate banking competition. It is the conclusion of the Comptroller's Office that this has not occurred.
Banking has unique safeguards against monopoly or inadequate
competition which are not present in industry or trade. Banks may
not establish offices across State lines. Their operations within
individual States are either limited to one head office (in nonbranch
bank States, such as Illinois, Texas, Florida, etc.) or to the establishment of branch offices within the State where the bank's head office
is located as may be approved by the bank supervisory authorities
within areas defined in State statutes authorizing branch banking.
A majority of the branch bank States restrict such activities to county
limits, while some States permit it on a trade area basis, a contiguous
county basis, or on a statewide basis. Obviously, such geographical



18

REPORT OF THE COMPTROLLER OF THE CURRENCY

limitations tend to limit the concentration of commercial bank resources which might otherwise accrue.
Banking has other safeguards which serve to maintain adequate
competition. It is a closely supervised and regulated industry. The
maximum legal interest rates that may be charged on loans are governed
by the 48 State statutes. The maximum rates that may be paid on
sayings or time deposits are governed by Federal statutes and regulations, as well as by State statutes in some States. The maximum
amount of a loan that may be granted to a single individual or interest
is governed by Federal and State statutes. Types of investment
securities, based on credit quality standards, and the maximum
amount that may be invested in the obligations of a single obligor,
are governed by Federal and State statutes. Seasonable credit
standards must be maintained in granting loans within the framework
of the statutes noted above. Competition among and between banks
takes place within an orbit greatly influenced by the policies of Federal
fiscal and monetary authorities which control the cost and availability
of credit. Banks, for practical purposes, have only one completely
free area in which to compete, and that rests in service to the banking
public. This is governed very largely by the ability, progressiveness,
aggressiveness, and capacity of individual bank managements. Size
is a factor to the extent that a small country bank could not provide
adequate service or credit to a large corporation, but within its own
natural field, size alone is not a factor^that,militates against the
ability of a bank to compete.
In banking, banks of varying sizes, unlike business concerns, do
not suffer such disadvantages as a lack of ability to command quantity
discounts on purchases because a bank's merchandise, in a very real
sense, consists of service and its deposits with which it makes loans and
buys investment securities. A smaller bank is able, or should be able,
to pay as large an interest rate on deposits as its larger competitors.
The smaller bank's net earnings from operations in relation to each
$100 of deposits are approximately the same as those of larger banks.
The small bank, unlike the average small business concern, has proportionately the same availability of credit from its Federal Reserve
Bank or correspondent banks as its larger competitors. It has been
our observation over many years that access to capital is relatively
as available to small banks as it is to larger banks.
The following compilation reveals the competitive position and
trend of banking as measured by the number of banks and their total
assets in the 254 cities of the country having populations of 50,000 or
more at the time of the 1950 Census. (In order to obtain representation in each of the 48 States, 7 cities with a somewhat smaller population have been included.)
The banks in the 254 cities held 73.5 percent of the commercial
banking assets of the Nation at the end of June 1946, and held 72.3
percent, or a very similar percentage at the end of June 1956. Tbe
254 cities were served by 1,593 banks on June 29, 1946, and by 1,568
banks on June 30, 1956. These financial centers of the country have
not increased their proportion of the banking assets of the country
during this 10-year period.




19

REPORT OF THE COMPTROLLER OF THE CURRENCY
Recapitulation
Banks

Population
groups
(thousands)

Number of
cities

Resources

Average
number
per city

Total
number

Total all commercial banks
(millions)

1946
50 to 100 i
100 to 150
150 to 200
200 to 250
250 to 300
300 to 350
350 to 400
400 to 450
450 to 500
500 to 550
550 to 600
600 to 650
650 to 700
700 to 750
750 to 800
800 to 850
850 to 900
900 to 950
950 to 1,000
1,849 (Detroit,
Mich.)
1,907 (Los
Angeles,
Calif.)
2,072 (Philadelphia, Pa.).
3,621 (Chicago,
111.)
7,892 (New
York City,
N . Y.)
Total

1956

1946

1956

143
43
15
9
6
7
6
5
2
2
3
1
1
0
1
2
1
2
0

527
229
101
64
45
58
42
72
32
32
29
19
34
0
12
36
29
26
0

542
228
98
70
56
61
41
69
36
25
42
19
19
0
15
29
28
19
0

3.8
5.3
6.7
7.1
7.5
8.2
7
14.4
16
16
9.6
19
34
0
12
18
29
13
0

3.8 $10,082 $15,164
7,059 10,134
5.3
3,881 6,404
6.5
3,098 4,178
7.7
2,015
9.3
2,994
3,198 4,624
8.7
3,241 4,769
6.8
3,693 5,803
13.8
2,422
18
2,995
1,975
12.5
2,377
2,506 4,362
14
1,107
19
1,295
1,991
19
3,236
0
0
0
5,956 10,356
15
3,829 4,444
14.5
1,809
28
2,290
3,185 4,189
9.5
0
0
0

1

11

7

1

9

1

43

1
1

1946

1956

Average
percent
held by
largest
bank

Average
percent
held by
2 largest
banks

Average
percent
held by
remaining
banks
1956

1946

1956

1946

1956

1946

55.0
47.8
43.9
46.9
36.8
52.2
43.6
33.8
40.7
33.0
37.9
56.0
30.0
0
51.4
40.8
26.7
36.1
0

54.2
47.8
43.5
46.2
38.6
47.8
44.8
32.6
40.5
36.0
41.8
48.2
60.0
0
54.4
42.2
27.8
34.1
0

82.4
75.6
71.8
74.4
64.4
75.3
74.0
53.8
66.7
63.3
60.7
69.1
58.8
0
66.4
54.9
47.6
58.1
0

82.6
75.9
73.7
73.9
63.0
70.6
73.0
59.0
66.3
68.8
66.7
65.7
78.7
0
68.5
58.0
54.1
56.8
0

17.6
24.4
28.2
25.6
35.6
24.7
26.0
46.2
33.3
36.7
39.3
30.9
41.2
0
33.6
45.1
52.4
41.9
0

17.4
24.1
26.3
26.1
37.0
29.4
27.0
41.0
33.7
31.2
33.3
34.3
21.3
0
31.5
42.0
45.9
43.2
0

4,073

48.2

46.9

67.9

66.5

32.1

33.5

11

7

2,616

12

9

12

3,688

5,082

38.5

35.1

66.0

61.3

34.0

38.7

19

43

19

3,463

4,191

22.2

25.4

37.6

48.8

62.4

51.2

64

76

64

76

8,161

11,044

29.1

25.8

55.7

49.5

44.3

50.5

79

57

79

57

31,953

33,793

16.5

21.0

31.1

39.8

68.9

60.2

254 1,593 1,568

110,928 147,797

i Includes 7 cities of less than 50,000 population for the purpose of representing all States in this study.

Fiduciary Activities of National Banks
As of December 31, 1956, there were 1,722 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 72 trust departments in
branches of national banks. One national bank has authority under
Title 12, U. S. C , section 34a, to continue administration of certain
fiduciary accounts received by consolidation with a State bank. There
were 236 national banks not acting under any of their granted powers.
The Financial Institutions Act of 1957, now pending before the Congress (S, 1451 and H. R. 7026) includes a provision transferring the
duty and responsibility for granting fiduciary powers to national
banks from the Board of Governors of the Federal Reserve System
to the Comptroller of the Currency.
During the year 1956 there were 1,437 head office trust department
examinations conducted and 71 branch examinations, making a total
of l;508 examinations of trust departments in national banks. Trust
department assets totaled $39,000,150,658 at the end of 1956, in


20

REPORT OF THE COMPTROLLER OF THE CURRENCY

eluding $24,123,482,348 in agency, escrow, custodianship, and corporate accounts held in the trust department. Comparative statistical data concerning various fiduciary activities of national banks
are presented in tables in the appendix of this report.
Carrying values for trust department assets throughout the country
have not been standardized. There are no statutes or regulations
governing the method for establishing carrying values of assets under
administration in national bank trust departments. Because of the
relatively few changes in the system of establishing carrying values
within individual organizations, the figures reflected by the tables
in the appendix of this report are believed to be of value for comparative purposes from year to year, but it should be understood that
they do not represent current market values. Accurate information
as to aggregate market values cannot be obtained without requiring
special reports which would impose a substantial and unwarranted
burden upon the banks.
Of the total liabilities for accounts administered by the trust departments of national banks as of December 31, 1956, 24 percent was
in living trusts, 13 percent in court accounts, 53 percent in agency,
escrow, custodianship type accounts, and 10 percent in all other
accounts. In addition, national banks were acting as trustee for
bond and debenture issues totaling $19,200,708,415 in 8,381 accounts,
as registrar in 3,369 accounts, and as transfer agent in 3,322 accounts.
Under authority of section 17 of Kegulation F, issued by the Board
of Governors of the Federal Reserve System governing fiduciary
activities of national banks, there were 130 common trust funds in
operation in 104 national banks at the end of 1956. Regulation F
permits the establishment of common trust funds for the collective
investment of funds of bona fide fiduciary accounts where the bank
acts in the capacity of trustee, executor, administrator or guardian.
Assets in common trust funds aggregated $382,397,189 as of December 31, 1956, at ledger carrying values.
Pension, profit-sharing and other employee benefit trusts created
by banks and by other employers continue to form a substantial and
increasing part of the fiduciary business of national banks. The
form for reporting examinations of the trust departments of national
banks has been revised to reflect comprehensive information on this
class of business. The information to be obtained will substantially
parallel that currently being obtained by the Board of Governors of
the Federal Reserve System from their reports of examination of
State member banks. In the investment of funds of pension, profitsharing and other employee benefit trust accounts, the national banks
are following generally sound policies and investment procedures. 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. This office is
opposed to placing stock of the employer national bank in a pension
trust for its employees, beyond a limited proportion of the total fund
because of the belief that the employee pensions should not be in
important degree dependent upon the continued success of the
employer.



REPORT OF THE COMPTROLLER OF THE CURRENCY

21

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.
Liquidation of Insolvent National Banks
During the year ended December 31, 1956, the Federal Deposit
Insurance Corporation was appointed by the Comptroller of the
Currency as receiver of one insolvent national bank, the Home
National Bank of Ellenville, New York. This receivership was
the outgrowth of a large defalcation. Pursuant to the Federal Deposit Insurance Act of 1950 (Public Law 797), approved September 21,
1950, the liquidation of this bank 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,
1955, was still in process of liquidation as of December 31, 1956.
The liquidation of this receivership has been continued because of
pending litigation but it presently appears that an early adjudication
and completion of the liquidation may be expected.
Legislation
On July 20, 1956, Senator J. W. Fulbright of Arkansas, Chairman
of the Senate Banking and Currency Committee announced that the
Committee would undertake a general revision of the Federal laws
governing financial institutions and that Senator A. Willis Robertson
of Virginia would act as chairman of the subcommittee having this
work in charge. Senator Robertson stated that the purpose of the
proposed legislation would be (1) to eliminate obsolete provisions
from the statutes in order to make the financial laws more workable
and understandable and (2) to add new authority where needed to
meet the present and future needs of our economy. The Comptroller
of the Currency and the other Federal supervisory agencies were
asked to review the respective statutes administered by them and to
recommend changes designed to accomplish the stated purposes.
In September an Advisory Committee of twenty-seven was selected
to assist the Banking and Currency Committee in its study. On
November 9 and 10, 1956, hearings were held before Senator Robertson and members of the Advisory Committee for the purpose of
receiving!an oral explanation of the agencies' recommendations.
Following these hearings the Advisory Committee made a report
and recommendations to the Senate Committee.
Early in January, 1957, Senator Robertson released the text of a
Committee Print Bill which was based upon some 175 legislative
recommendations submitted by the Federal supervisory agencies,
the views of the various trade organizations in the financial field,
the recommendations of the Advisory Committee and suggestions
offered by many other persons. Extensive hearings were held on this



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REPORT OF THE COMPTROLLER OF THE CURRENCY

proposed bill, and subsequently Senator Robertson introduced in the
Senate the Financial Institutions Act of 1957, S. 1451. This bill
was reported favorably by the Senate Committee on Banking and
Currency, with a recommendation that it be passed. On March 21,
1957, S. 1451 passed the Senate. On April 18, 1957, Congressman
Paul Brown of Georgia introduced in the House of Representatives
the Financial Institutions Act of 1957, H. R. 7026. This bill differs
from S. 1451 only in that it contains two changes relative to savings
and loan associations.
In connection with the study of the Federal banking laws administered by this office and having to do with national banks, the Comptroller of the Currency made 45 recommendations to the Senate
Subcommittee. Twenty-four of these recommendations involving
important changes in substance were approved by the Advisory
Committee and included in S. 1451 as it passed the Senate. These
recommendations were:
Recommendation No. 2.—It is recommended that the statutes be
amended to provide for fourth and fifth Deputy Comptrollers of the
Currency if, in the judgment of the Comptroller, one or both are
essential to the adequate discharge of his responsibilities.
Reasons.—The volume of work in the Comptroller's Office has
greatly increased creating a need for additional Deputy Comptrollers.
There has been a considerable increase in the number of branch
applications, proposed mergers and consolidations, capital increase
programs, and other important matters and the national banks have
a continuously growing volume of assets and liabilities which are
within the field of examination procedures. Also, the pressure of the
competition in banking today has caused banks to search for new
methods of doing business and new ways of serving their customers.
All of these matters require the careful attention of well qualified
officials, and the burden placed on the present deputies is too great
to be continued indefinitely. At the present time two additional
Deputy Comptrollers are very much needed. Since the Comptroller's
staff is paid out of assessments on national banks, additional Government appropriations or expenditures would not be necessary.
Recommendation No. 5.—It is recommended that section 5136 of
the Revised Statutes be amended by adding a proviso at the end of
the first sentence in paragraph seventh thereof which would declare
that no national bank shall be subjected to examination by, or required
to be licensed by, or to pay any license or assessment fee, or penalty
to, any State, political subdivision, or other agency or instrumentality
of a State as an incident to such bank's right to make loans or to
discount and negotiate promissory notes, drafts, bills of exchange,
conditional sales contracts, and other evidences of debt or to carry
on the business of banking.
Reasons.—Various States have enacted statutes which appear to
require national banks to acquire a license from the State authorities
in order to qualify as a licensed lender. In order to acquire the
obligations arising from certain transactions national banks have in
many cases elected to be licensed under the State law. These State
laws customarily require examination of the licensed lenders by the
State authorities. In some cases where the national banks have



REPORT OF THE COMPTROLLER OF THE CURRENCY

23

qualified as licensed lenders the State banking authorities have contended that such national banks should be subjected to examination
by State authorities as licensed lenders.
Any examining or other visitorial power attempted to be exercised
by State officials over national banks in this respect would be in direct
conflict with section 5240 of the Revised Statutes (12 U. S. C. 484)
and any attempt by the State to levy and collect a license tax appears
to be in conflict with section 5219 of the Revised Statutes (12 U. S. C.
548) which defines the limits within which States may tax national
banks. National banks derive their general powers from section 5136
of the Revised Statutes (12 U. S. C. 24) including all such incidental
powers as are necessary to carry on the business of banking. National
banks may legally acquire evidences of debt and no State statute can
deprive them of that power or append conditions which would require
them to obtain licenses or pay license fees. However, some State
officials have disagreed with this view and contended that the national
banks must comply fully with all the provisions of the State law
including the examining and licensing requirement. In order to eliminate controversies with State banking officials who seek to enforce
State licensing and examining requirements with respect to national
banks, section 5136 should be amended to follow the above recommendation. Amendment of this section in accordance with our recommendation will, in our opinion, merely be declaratory of existing
law.
Recommendation No. 6.—It is recommended that R. S. 5136 be
amended to permit national banks to make contributions in such sums
as the directors may deem expedient and in the interests of the
association to educational institutions not operated for profit and to
organizations established for the purpose of civic improvement or
betterment. The right of national banks to make such contributions
should be made explicit.
This statute should also be amended to eliminate any requirement
that contributions by national banks be dependent upon the provisions
of the laws relative to contributions by State banking institutions.
Reasons.—There has always been doubt whether under the existing
statute national banks could legally make contributions of the type
which it is now recommended they should be permitted to make.
Since national banks may make contributions to charitable, philan*
thro pic, or benevolent instrumentalities conducive to public welfare,
there would seem to be little doubt that they should also be permitted
to make contributions to educational institutions which are not operated for private profit. Also, national banks may reasonably be said
to have the same ethical obligations to support organizations established to benefit the community in which they do business as do other
corporations and individuals. The law should permit contributions
to such organizations. It is clear that local development corporations
which seek to attract industry to their communities will, if successful,
benefit the entire community and contributions to them would be in
the best interests of the banks.
It is not necessary that the provisions of State laws in relation to
contributions by State banks should be applicable to the making of
contributions by national banks.



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REPORT OF THE COMPTROLLER OF THE CURRENCY

Recommendation No. 7.—AmencTsection 30 of title 12 of the United
States Code to eliminate the word "place" and substitute the word
"location" and provide that no change in location of the main office
within the limits of the city, town, or village in which it is located
will be permissible without the approval of the Comptroller of the
Currency.
Reason.—The Comptroller has interpreted this statute to mean
that a bank may change the location of its head office within the city
where it was chartered to do business without his approval. It is
believed that all changes of location should be subject to his approval.
Recommendation No. 8.—It is recommended that the consolidation
and merger statutes be amended to provide uniformity in the provisions for giving notice of shareholders7 meetings, waiver of notice,
dissenters' rights including appraisal of the value of the stock of
dissenters and payment of the expenses of appraisal or reappraisal
by the Comptroller of the Currency, and manner of disposing of stock
not taken by dissenters but that no change be made in the merger
provisions of title 12, United States Code, section 34b (b) confining
dissenters7 rights to the stockholders of the bank merged into the
"receiving association." It is also recommended that the statutes be
amended to contain uniform provisions for the transfer of fiduciary
functions and the administration of estates to the resulting combined
bank automatically and by operation of law, without any order or
other action on the part of any court or otherwise, and similar uniformity regarding the fiduciary bank's being subject to removal by a
court of competent jurisdiction in the same manner and to the same
extent as was the consolidating or merging bank prior to the consolidation or merger.
Reasons.—There would appear to be no justification for requiring
publication in the local newspaper for the publication of legal notices
or advertisements in addition to publication in a newspaper of general
circulation in one form of combination of banks and not in the others.
It would appear that publication in a newspaper of general circulation
published in the place where the association or bank is situated, or,
if there is no such newspaper, then in a paper of general circulation
published nearest thereto, is adequate. The phrase "or, if there is no
such newspaper, then in a paper of general circulation, published
nearest thereto" should be added to the merger statute, title 12,
United States Code, section 34b. There would likewise seem to be no
justification for a variation in the provisions for giving notice of
shareholders' meetings or the waiver of such notice and in dissenters'
rights as to the procedure to be followed, the date on which the value
of the dissenters' stock is to be determined, the applicability of that
determined value to one or all dissenting stockholders, and the vote
of dissenters required to choose a representative to participate in the
appraisal of the value of such stock, and the payment for the expense
of appraisal or reappraisal made by the Comptroller of the Currency.
The three statutory provisions should specify that the value of the
dissenters' stock should be determined as of the effective date of the
consolidation or merger. The three statutory provisions should alike
require that the stock of the constituent bank which a dissenter
owns must be turned in for cancellation as a condition to the payment



REPORT OF THE COMPTROLLER OF THE CURRENCY

25

to him of its value, and that the stock of the resulting bank which
would have been delivered to him is the stock which will be sold at
auction. Nor is there justification for requiring that stock rejected
by dissenters be sold at auction in one case, with any excess in the sale
price above the appraised value going to the dissenting stockholder
in two types of combinations but not in the third. The justification
for confining dissenters' rights to stockholders of the bank which
merges into a receiving association under the provisions of title 12,
United States Code, section 34b is that such statute is intended to be
used mainly in cases of large banks taking over much smaller banks
where the value of the stock of the larger bank will be affected only
slightly, if at all, by the merger.
The merger statute, title 12, United States Code, section 34b,
contains a provision that the value of shares of the dissenters shall be
ascertained as of the date of the meeting of shareholders of the association or state bank approving the merger by an appraisal made by a
committee of three persons composed of "one selected by the vote of
the holders of a majority of the stock, the owners of which are entitled
to payment in cash; * * *", but title 12, United States Code, section
33 and title 12, United States Code, section 34a would appear to
give each dissenting shareholder the separate right of appraisal. Also,
the merger statute provides that the valuation agreed upon by any
two of the three appraisers shall govern, whereas no such provision
is contained in title 12, United States Code, section 33 or title 12,
United States Code, section 34a. Furthermore, the merger statute
provides that the value of the shares of dissenters shall be ascertained
as of the date of the meeting of the shareholders of the association
or State bank approving the merger, whereas the other two statutes
prescribe that such value should be ascertained as of the date of the
Comptroller's approval of the consolidation. Again, the merger
statute prescribes that if, within 90 days from the date of consummation of the merger, one or more of the appraisers have not been selected
or the appraisers have failed to determine the value of the shares, the
Comptroller, upon written request of any interested party, shall cause
an appraisal to be made which shall be binding on all parties. That
provision is not contained in the other two statutes. Also title 12,
United States Code, section 33 provides, with respect to reappraisals
of stock of dissenters by the Comptroller of the Currency, that if the
reappraisal shall exceed the value fixed by the appraisal committee,
the bank shall pay the expenses; otherwise the appellant shall pay
said expenses. Title 12, United States Code, section 342 provides
that the consolidated association shall pay the expenses of reappraisal,
and title 12, United States Code, section 34b prescribes that in such
case the receiving association shall pay the expenses of reappraisal.
It would appear that with respect to the matters referred to in this
paragraph there should be uniformity in the three statutory provisions.
With respect to the transfer of fiduciary functions and the administration of estates, it is essential that these be transferred automatically
to the resulting bank. Otherwise the fiduciary estates of various
kinds would be deprived of anyone authorized to perform the duties
of fiduciary with respect to such estates until they were transferred



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REPORT OF THE COMPTROLLER OF THE CURRENCY

singly by appropriate court orders or by consents of the interested
parties, including the beneficiaries in the case of private trusts. Such
individual transfers would be costly and time-consuming and might
defeat a contemplated combination of two banks otherwise desirable
and in the public interest.
Recommendation No. 9.—It is recommended that R. S. 5155 be
amended to provide that upon the consolidation or merger of two or
more national banking associations or of a State bank with a national
banking association the continuing bank may retain and operate all
of the branches which it had in lawful operation at the time of the
merger or consolidation.
Reasons.—A bank which takes over another bank by merger or
consolidation should not for that reason have to give up the branches
which it has in operation at the time of the consolidation or merger.
The purpose of the existing law is to prevent a bank from acquiring
branches where they could not legally be established under State
law, by taking over other banks. This purpose does not exist in the
case of branches of the continuing bank and it should be permitted
to continue the legally established branches which it already has in
existence without reestablishment and without securing anew the
approval of the Comptroller of the Currency.
Recommendation No. 11.—It is recommended that R. S. 5155 (f)
be amended by adding at the end thereof a proviso to the effect that
the acceptance of deposits in furtherance of a school thrift or savings
plan by an officer, employee, or agent of a national bank at any school
located in the trade area of the bank shall not be construed to be the
operation of a branch.
Reasons.—It is the general position of this office that the acceptance
of deposits by an agent of a national bank at a place other than the
bank's offices constitutes branch banking under the definition contained in this section. Notwithstanding this general rule we believe
that the desirability of school savings programs is such that an amendment of the statute is warranted to remove any doubt that a national
bank may participate in this activity.
Recommendation No. 12.—It is recommended that the requirements
in sections 5140 and 5168 of the Revised Statutes that 50 percent of
capital stock be paid in be amended so as to require that 100 percent
of capital stock be paid in cash before a national bank shall be authorized to commence business. The provisions relating to instalment
payments in sections 5140 and 5141 should be eliminated from the
statute.
Reasons.—Itris no longer considered necessary that the statutes permit a national bank to open for business when only 50 percent of the
capital stock has been paid in and over a long period there have been
no cases where this method was used. It has been the practice of the
Comptroller of the Currency at least since 1935 to require that 100
percent of the capital stock of a newly organized national bank must be
paid in cash before it shall be authorized to commence business.
Recommendation No. 15.—Amend R. S. 5144 in order to eliminate
mandatory cumulative voting in the election of directors of national
banks but permit such association to have cumulative voting if desired
by so providing in their articles of association.



REPORT OF THE COMPTROLLER OF THE CURRENCY

27

Reasons.—A national bank can best be operated where there is a
high degree of unity in the directorate and in the official staff. The
successful operation of any bank depends upon 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, and in cases
where such an end has been accomplished it has been the usual experience that the party or parties thus added to the boards have not been
helpful to the institutions and have caused a lessening of the mutual
confidence of the directorate, the confidence of the staff in the directorate, and in some cases, the confidence of the community in the bank.
Recommendation No. 16.—It is recommended that R. S. 5144 be
amended to provide that where a holding company affiliate of a member bank is owned by another corporation which by virtue of such
ownership becomes a holding company affiliate, and which in turn is
owned by another corporation which is also, therefore, a holding company affiliate, only one holding company affiliate should be required
to maintain the requisite reserves. It should be designated by the
Board of Governors of the Federal Reserve System.
Reasons.—This statute requires that a holding company affiliate
of a member bank must establish and maintain out of net earnings
over and above 6 percent per annum on the book value of its own
shares outstanding a reserve of readily marketable assets in an amount
of not less than 12 percent of the aggregate par value of bank stocks
controlled by it. The purpose of this requirement is to insure that
a holding compan}^ affiliate owning stock of two or more banks will
be in a position to aid the banks by replacement of capital in the event
that losses make such replacement necessary. When such a reserve
had been established and is maintained by a holding company affiliate
directly owning bank stocks, it would seem that parent or upstream
companies of the holding company affiliate should not also be required
to maintain such reserves. In a recent case a group of banks had
four holding company affiliates in vertical alignment. Under the
interpretation given this statute by the Board of Governors of the
Federal Reserve System, each of these parent companies would be
required to maintain the specified reserves so that in effect reserves
of 48 percent rather than 12 percent would be required. This requirement has been a major deterrent to nonmember State banks owned
by the holding company affiliate giving consideration to becoming
members of the Federal Reserve System or directly by conversion
into national banks. Such a requirement is not justified and the
statute should be rewritten to bring it into conformity with the intent
of Congress to require a suitable reserve.
Recommendation No. 20.—It is recommended that R. S. 5149 be
amended to provide that if an election of directors is not held at the
meeting of shareholders called for that purpose because the date set
in the articles of association falls on a legal holiday, the meeting shall
be held on the next following business day.
Reasons.—In some cases the day specified in the articles of association for annual shareholders' meeting at which directors will be elected



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REPORT OF THE COMPTROLLER OF THE CURRENCY

will fall on a legal holiday in the State in which the bank is located.
In such cases the practice has been for a brief shareholders' meeting
to be held at which no business is transacted but the meeting adjourned
until some subsequent date decided upon and the directors are elected
at that adjournment of the annual meeting. It is believed that it
would be preferable to provide by legislation that in thisjevent the
meeting shall be held and the directors elected on the next following
business day.
Recommendation No. 24-—It is recommended that exception 7 to
section 5200 of the Revised Statutes be amended by adding a new
sentence which would permit national banks to acquire obligations of
dealers in dairy cattle arising out of the sale of dairy cattle, which
bear a full recourse endorsement or unconditional guaranty of the seller
to a limitation of 15 percent of capital and surplus, in addition to
such 10 percent of capital and surplus.
Reasons.—Exception 7 to the basic 10 percent limitation of capital
and surplus covers obligations which are secured by liens on range
animals (cattle, sheep, goats, horses, mules) or on cattle, sheep, or
hogs being fattened for or shipped to market. It does not cover
dairy cattle. It is believed advisable that the statute be amended
to permit national banks to acquire obligations of dealers arising
out of the sale of dairy cattle subject to a limitation of 15 percent of
a national bank's capital and surplus in addition to the present
limitation of 10 percent of capital and surplus. Frequently such
obligations are not in the form to qualify under either exception 2 or
4 of Revised Statutes 5200 because they are not negotiable and thus
may not qualify under exception 2, or because they have a maturity
of more than 6 months and therefore will not qualify under exception
4. Where they arise out of the sale of dairy cattle they do not qualify
under exception 7 in its present form.
Recommendation No. 25.—It is recommended that exception 8 of
section 5200 of the Revised Statutes be amended so as to eliminate
the words "in the form of notes."
Reasons.—Frequently the obligations referred to in exception 8 are
not in the form of promissory notes but are repurchase agreements, or
some other form of binding obligations. These agreements are considered to be of equal stature with promissory notes and therefore
should be treated as obligations as defined in the first paragraph of
section 84.
It is believed that the requirement that the obligation in the case
of such loans must be "in the form of a note" is needlessly restrictive.
Recommendation No. 27.—Section 144 of title 12 of the United States
Code should be amended to eliminate the requirement that the
Comptroller of the Currency must approve the national banking
associations at which the requisite reserves may be kept.
Reasons.—It is believed that the power given to the Comptroller to
approve the national banks in which reserves of national banks located
outside the continental United States may be placed is ineffective in
that it would be difficult and discriminatory for the Comptroller to
refuse to approve a particular national bank, or to withdraw his
approval once it had been given. The withdrawal of such approval
or the refusal to give such approval would probably cause rumors and



REPORT OF THE COMPTROLLER OF THE CURRENCY

29

might create doubts as to the solvency of the bank not approved.
Furthermore, should the Comptroller withdraw his approval and
require such reserve deposits to be withdrawn from a particular bank
and that bank shortly thereafter became insolvent, there might be a
pertinent question as to whether the Comptroller was causing the
preferring of one creditor of the insolvent bank over others.
It is believed that banks located outside the continental United
States should select the member banks with which to keep their
reserve deposits on the same basis on which other banks normally
select the banks with which to carry correspondent balances. Substantially all banks carry correspondent balances with other banks
and these correspondent banks are selected on the basis of management and capitalization. The banks outside the continental United
States should be permitted to select the member banks with which to
carry their reserve balances on the same basis and the Comptroller of
the Currency should not be required to approve the selections made.
Recommendation No. 28.—R. S. 5211 should be amended to change
from 5 to 10 days the time within which national banks must transmit
call reports to the Comptroller of the Currency.
Reasons.—It is difficult for some banks to compile the necessary
information and furnish it to the Comptroller within the 5 days
allowed, and it is believed that a 10-day period would be more realistic.
Recommendation No. 29.—R. S. 5212 requiring a report to the
Comptroller of the Currency of a declaration of dividends should be
repealed.
Reasons.—The Comptroller of the Currency requires and receives
semiannually a report of the earnings and dividends of each national
banking association. In addition, he has access to this information
through the examinations performed by his examiners. The requiring
of the reports of declaration of dividends does not serve a useful
purpose.
Recommendation No. 30.—It is recommended that section 5220 of
the Revised Statutes be amended to require approval by shareholders
owning two-thirds of the stock of any national bank before the assets
of said bank may be sold to another banking institution in carrying
out the liquidation of the selling bank.
Reasons.—Section 5220 now requires shareholder approval of any
vote to place a national bank in voluntary liquidation but does not
require shareholder approval of any agreement entered into by the
directors relating to a bulk sale of the bank's assets to another banking
institution as a preliminary step to voting the bank into voluntary
liquidation. In order to permit shareholders to have a vote on the
vital question of selling the bank's assets it is believed the statute
should be amended so as to require preliminary approval of the sale by
shareholders owning two-thirds of the stock of the national bank
unless an emergency exists and the Comptroller of the Currency
specifically waives such requirement for shareholder approval.
Recommendation No. 32.—Section 197 of title 12 of the United
States Code should be amended so as to substitute the Federal
Deposit Insurance Corporation in the place of the Comptroller of the
Currency with respect to insured national banks placed in receiver432389—57

3




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REPORT OF THE COMPTROLLER OF THE CURRENCY

ship where the Federal Deposit Insurance Corporation is appointed
receiver pursuant to the Federal Deposit Insurance Act of 1950,
as amended.
Reasons.—The Federal Deposit Insurance Act of 1950, as amended
(12 U. S. C. 1821) requires the Comptroller of the Currency to appoint
the FDIC as receiver of any insured national bank which is placed in
receivership and provides that such receiver shall not be subject to the
direction or supervision of the Secretary of the Treasury or the
Comptroller of the Currency. Since the Comptroller does not
supervise or direct the actions of the FDIC as receiver of an insured
national bank, the statutory provision referred to should be amended
so as to substitute the Federal Deposit Insurance Corporation for
the Comptroller of the Currency where the national bank involved is
an insured national bank, thus permitting the Federal Deposit
Insurance Corporation to call the meeting of the shareholders of
such insured national bank and require that the bond of any shareholders' agent elected at such meeting run to the Federal Deposit
Insurance Corporation.
Recommendation No. 33.—It is recommended that the Bank Conservation statutes be revised to authorize the Comptroller of the
Currency to appoint a conservator for any bank under his jurisdiction
whenever there have been defalcations the amount of which is uncertain and cannot be ascertained without an examination of the
bank, giving rise to a doubt as to the solvency of the bank. It
should be provided that the conservator under the direction of
the Comptroller shall take possession of the books and records and
assets of every description of such bank, and take such action as may
be necessary to conserve the assets of such bank pending further
disposition of its business, as provided by law. Such conservator
should have all the rights, powers, and privileges now possessed by
or hereafter given, receivers of insolvent national banks, and should
be subject to the obligations and penalties to which receivers are now
or may hereafter become subject. As soon as possible after any
insured bank is placed in the hands of a conservator the Federal
Deposit Insurance Corporation should be required to pay the insured
deposits as provided in the Federal Deposit Insurance Act. If the
bank is insured under the Federal Deposit Insurance Act and it is
determined that the bank is insolvent the Comptroller of the Currency
should be required to appoint the Federal Deposit Insurance Corporation receiver, which should have all the rights, duties, and powers
prescribed by law, and, in the event that there have been withdrawals
by depositors as above provided for, the amount of such withdrawal
by each depositor should be deducted from the amount payable by
the Federal Deposit Insurance Corporation to such depositor under
the provisions of the Federal Deposit Insurance Act. All expenses
of any such conservatorship should be paid out of the assets of such
bank and should be a lien thereon which shall be prior to any other
lien.
Reasons.—From time to time a situation arises in a national bank
where a large defalcation is discovered that appears to equal or exceed
the capital structure, but of which the full extent cannot be determined without further investigation and audit. Under existing



REPORT OF THE COMPTROLLER OF THE CURRENCY

31

statutes, immediate action is necessary in such a case to (1) place the
bank in receivership and name the Federal Deposit Insurance Corporation as receiver, or (2) arrange by means of a loan from the
Federal Deposit Insurance Corporation for the acquisition of the
sound assets and assumption of the deposit liabilities of the insolvent
bank by another bank. It is usually difficult or impossible to determine which of the two courses is in the best interests of the Federal
Deposit Insurance Corporation pending an accurate determination
of the size of the defalcation and the extent of the insolvency. If the
bank is insolvent by a small amount, it is usually advantageous to
the Corporation and in the public interest for the Federal Deposit
Insurance Corporation to grant a loan against the unacceptable
assets and permit the insolvent bank to be taken over by another
bank as this eliminates all receivership expenses. If the extent
of the insolvency is large, it is usually in the best interests of the
Federal Deposit Insurance Corporation for the bank to be placed
in receivership with the Federal Deposit Insurance Corporation
named as receiver and the depositors of the bank protected up to
$10,000 per depositor.
The suggestion made herein would allow the time necessary to
determine the full amount of the defalcation and the extent of insolvency without injury to the ultimate position of the Federal Deposit
Insurance Corporation when the final determination is made as to the
disposition of the bank.
Recommendation No. 34-—It is recommended that section 11 (k) of
the Federal Reserve Act be amended to transfer from the Board of
Governors of the Federal Reserve System to the Comptroller of the
Currency the power to grant to national banks the right to act in
fiduciary capacities and to transfer from the Board of Governors of
the Federal Reserve System to the Comptroller of the Currency the
power to promulgate regulations in connection therewith.
Reasons.—At the time national banks were first permitted to engage
in trust activities, the power to grant to them permission to do so
was given to the Board of Governors of the Federal Reserve System
rather than to the Comptroller of the Currency. This statute applies
only to national banks and not to State member banks. Since
national banks, including their trust departments, are supervised,
examined, and regulated by the Comptroller of the Currency, the
power to grant to national banks authority to act in fiduciary capacities and to regulate their activities in those capacities should be
vested in the Comptroller of the Currency rather than the Board of
Governors of the Federal Reserve System. The Comptroller of the
Currency is in a position to know whether a particular national bank
should be permitted to exercise trust powers, and also what problems
arise that need to be dealt with by regulation.
Recommendation No. 36.—Section 378 of title 12 of the United
States Code should be amended to prohibit the receipt of deposits by
any person, corporation, etc., even though incorporated under, and
authorized to engage in the business of receiving deposits by, the
laws of any State, Territory, or district, unless made subject to
examination and regulation by the laws of the State, Territory, or
district.



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REPORT OF THE COMPTROLLER OF THE CURRENCY

Reasons.—Recently a corporation incorporated under the laws of
Texas engaged in receiving deposits and offered to pay 5 percent
interest on such deposits. Upon investigation the Comptroller
found that while this corporation was duly incorporated under the
laws of the State of Texas its deposit activities were not supervised
or regulated. The Bank Commissioner of Texas disclaimed jurisdiction on grounds that the company was incorporated under the
insurance laws. The insurance commissioner stated that his jurisdiction was limited to regulating the insurance activities of this company and did not extend to regulation of its deposit activities. The
Comptroller submitted the matter to the Department of Justice for a
determination of whether the Federal Statute was being violated, and
was advised that there was no violation. Subsequently, the company
became bankrupt with loss to its depositors. Amendment of this
statute in the manner suggested would be helpful in preventing other
similar situations.
Recommendation No. 42.—It is recommended that section 18 (c)
of the Federal Deposit Insurance Act be amended to provide that no
insured bank shall merge or consolidate with any other insured bank
or acquire the assets of, or assume liability to pay any deposits made
in, any other insured bank without the prior written consent of the
appropriate Federal authority. It should also provide that in granting or withholding its consent the approving authority must consider
the factors enumerated in section 6 of the Federal Deposit Insurance
Act and also must take into consideration whether the effect of the
transaction may be to lessen competition unduly or tend unduly to
create a monopoly. In the interests of uniform standards, the approving authority should be required to first seek the views of each
of the other two banking agencies, and should also be authorized to
request the opinion of the Attorney General of the United States.
Reasons.—A variety of causes have resulted in a considerable
number of bank consolidations or mergers since the end of World
War II, and during the last five years. This has given rise to the
question of whether desirable levels of competition in banking will
be maintained unless legislation is enacted requiring that full consideration be given to the competitive aspects of such transactions prior
to being approved by the Government official having jurisdiction.
The Federal bank supervisory agencies are not now required by
statute to consider the competitive or monopolistic aspects of merger
transactions requiring their approval and bank asset acquisitions are
not now subject to section 7 of the Clayton Act. It is believed that
in exercising their authority over bank mergers and consolidations,
the Federal banking authorities should be required to consider in
addition to banking factors whether the result thereof might be to
lessen competition unduly or to tend unduly to create a monopoly.
This authority should be vested in the bank supervisory agencies as
banking is a supervised and regulated industry, and important banking factors must be weighed in conjunction with purely competitive
factors in arriving at sound decisions.
Since there will be three banking agencies making decisions in
respect to this matter, the legislation should require that, in the
interests of achieving uniform standards, the Federal bank supervisory



REPORT OF THE COMPTROLLER OF THE CURRENCY

33

agency having jurisdiction in a particular case shall seek the views
of each of the other two supervisory agencies on the competitive and
monopolistic aspects of such asset acquisitions. The approving
authority should be authorized to request the opinion of the Attorney
General of the United States in order that the knowledge of the
Antitrust Division of the Department of Justice would be available
to it. Final authority should, however, be placed in the hands of the
Federal banking supervisory agencies whose officials are intimately
familiar with banking in all its phases throughout the United States.
The views of this Department with respect to this matter were
presented to the Senate Committee on Banking and Currency in
great detail during the 2d session of the 84th Congress with respect
to S. 3911. This recommendation was incorporated in S. 3911, which
was passed by the Senate but not by the House of Representatives
during the 84th Congress.
Recommendation No. 1$.—It is recommended that section 709 of
title 18 of the United States Code be amended to expressly permit
the use of the word "national" in the title of all national banks. It
is also recommended that the use of the letters "U. S." as part of the
business or firm name of persons, corporations, etc. engaged in the
banking, loan, building and loan, brokerage, factorage, savings or
trust business be prohibited. It is also recommended that no corporation other than a national bank should be permitted to use the words
"national bank" in its corporate title.
Reasons.—At the time of the codification of the criminal statutes
in 1948 the statute was eliminated which expressly permitted national
banks to use the word "national" in their corporate titles. There is
now no statute of the United States which expressly permits national
banks to thus use the word "national" but the Comptroller of the
Currency has continued to require all national banks to do so. Their
rights and duties in this respect should be made statutory.
The use of the letters "U. S." should be prohibited to corporations
engaged in the types of business specified in order that the public will
not be misled into believing that the corporation using these letters
is a Government agency or is connected with a Government agency
or that its business or that the deposit liabilities, obligations, certificates, or shares thereof, are insured or guaranteed by the United States
or any instrumentality thereof. Legislation which would accomplish
this purpose was passed by the Senate but not by the House of
Representatives during the 84th Congress (S. 2891 of the 84th Congress.) Need for this legislation was highlighted by the bankruptcy
of the U. S. Trust & Guaranty Co. of Waco, Texas, a corporation
accepting deposits which was not regulated or examined by any
supervisory authority.
There is now in existence a corporation which has recently adopted
a corporate title including the words "national bank." This corporation is not a bank but is a corporation engaged in holding the stock
of national banks. We do not believe that any corporation other
than a national bank should be able to combine the words "national
bank" in its corporate title thus implying to the public that it is a
national bank supervised and regulated by the Comptroller of the
Currency. Legislation which would prohibit this should apply to



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REPORT OF THE COMPTROLLER OF THE CURRENCY

corporations in existence at the time the legislation is enacted as well
as those incorporated later.
Recommendation No. 44-—It is recommended that there be enacted
a statute which would provide that reports of examinations of national
banks made by national bank examiners and related correspondence
and papers should be deemed to be confidential documents privileged
against disclosure to unauthorized persons except with the consent of
the Comptroller of the Currency.
Reasons.—From time to time outside persons, usually persons
engaged in litigation with or in some way involving national banks,
attempt to subpoena from the Comptroller of the Currency or from
the national bank involved copies of reports of examination and
related correspondence and papers. In these cases it is the practice
of the Treasury Department to resist the subpoena by claiming that
such documents are confidential documents of the Treasury Department privileged against disclosure under well-known doctrines of
governmental privilege.
Reports of examination of financial institutions under the jurisdiction of the Comptroller and other information obtained by him in
the exercise of his yisitorial powers over such institutions are
classified as confidential because such information is obtained by or
submitted to him in confidence. Its revelation might adversely affect
such institutions, the affairs of their customers, or others dealing with
them or with the Comptroller of the Currency, and would be inimical
to the public interest. The courts have generally recognized that the
National Bank Act contemplates exclusive supervision of banks by
the Comptroller of the Currency and the confidential treatment by
him of the information developed as to their internal affairs. Consequently, claims of privilege are ordinarily upheld. Recently, however,
a United States district court refused to uphold such a claim of
privilege by the Secretary of the Treasury and ordered the production
in evidence of reports of examination of a national bank. This
decision was reversed by the court of appeals which held that the
subpoena was too broadly drawn.
It is believed that this is a matter of such importance that the
confidential and privileged nature of reports of examination and related documents should be made statutory. In practically all cases
in which litigants seek to subpoena reports of examination any information which they need and to which they are entitled is available
from the books of the bank, which are the best evidence of the transactions involved, and which are subject to subpoena.
*
*
*
*
*
*
*
Two of the Comptroller's recommendations were approved in part
by the Advisory Committee but contained recommendations of that
Committee for changes in the Comptroller's original recommendations.
These recommended changes were acceptable to the Comptroller of
the Currency and, as changed, these recommendations were included
in S. 1451 as it passed the Senate. They were:
Recommendation No. 23.—This recommendation as originally made
was as follows:




REPORT OF THE COMPTROLLER OF THE CURRENCY

35

(1) It is recommended that exception 6 to section 5200 of the
Revised Statutes be amended by adding a new sentence which will
permit national banks to acquire obligations of any person, copartnership, association or corporation in the form of notes or drafts
secured by shipping documents, warehouse receipts or other such
documents transferring or securing title covering readily marketable
staples, when such property is fully covered by insurance, to a limitation of 15 percent of the bank's capital and surplus, in addition to the
statutory limitation of 10 percent of capital and surplus, when the
market value of such staples securing such obligation is not at any
time less than 115 percent of the face amount of such obligation, but
this exception shall not apply to obligations of any one person,
copartnership, association, or corporation arising from the same
transaction and/or secured by the identical staples for more than 6
months. The present first sentence in exception 6 should be amended
by changing the word "upon" to "by" in the last full line as quoted
above.
(2) It is recommended that section 5200 of the Revised Statutes
be amended to add a new exception which will permit a national
bank to acquire from any one seller or dealer obligations arising out
of the discount of instalment consumer paper whether negotiable or
nonnegotiable, which paper carries a full recourse endorsement or
unconditional guaranty of the seller or dealer, to a limitation of 15
percent of the bank's capital and surplus in addition to such 10
percent of capital and surplus.
Reasons.—(1) Exception 6 to Revised Statutes 5200 provides that
readily marketable staples in order to qualify as security for loans
under this exception must be nonperishable. Exception 6 has not
been amended since 1927. In recent years frozen food processors
have developed greatly improved methods in processing, freezing,
and storing foods which must be kept under refrigeration before sale
to consumers. Frozen packaged fruits, citrus juices, vegetables,
meats and seafood represent a substantial proportion of foods sold in
retail stores. Where insurance can be obtained, it is believed that
national banks should be permitted to lend to one obligor not more
than 25 percent of capital and surplus when the security consists of
readily marketable staples which are kept under refrigeration during
the period of a loan not exceeding 6 months.
(2) Commercial and business paper arises out of the process of
production, manufacture, or distribution of goods. It is so related
to a commercial or business transaction that it is virtually selfliquidating. It is characteristically short-term paper. It is almost
invariably negotiable in form. To promote the currency of this type
of paper the law merchant adopted its most important principle,
i. e., that if this paper is in negotiable form, an innocent purchaser
for value will take it free of defenses which might exist between prior
parties. Commercial and business paper that is negotiable in form
is acceptable for discount at Federal Reserve banks under section 13
of the Federal Reserve Act and regulation A. Title 12, United States
Code, section 84 (1), (2), and (3), permits national banks to loan on
or purchase such paper without any limitations based on capital or
surplus.



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REPORT OF THE COMPTROLLER OF THE CURRENCY

Instalment consumer paper, however, is quite different from commercial and business paper. It is almost invariably longer term
paper; it is not discountable at Federal Reserve banks under section
13 of the Federal Reserve Act and regulation A; and it is not intended
for ready negotiability in the same sense or degree as commercial or
business paper. In consumer financing the commodity, the purchase
of which is being financed, is likely to be the real and ultimate security
for the lender. Consequently, it is not as traditional or important
that consumer paper should be in negotiable form as that commercial
or business paper should be. The Comptroller's office has consistently
ruled that instalment consumer paper purchased by national banks
with the full recourse endorsement of the seller or dealer and which
was negotiable could enjoy the provisions of title 12, United States
Code, section 84 (2) and be acquired without any limitations based
on capital or surplus. If the paper is not negotiable, the 1.0 percent
limitation applies. This discrimination against consumer instalment
paper not in negotiable form is unnecessarily severe. This provision
of the statute was not originally intended to deal with this type of
paper. It is now believed that all purchased or discounted instalment
consumer paper acquired from one dealer or seller which bears the full
recourse endorsement or unconditional guaranty of such dealer or
seller, whether negotiable or nonnegotiable, should be limited as to
any one obligor to 25 percent of a bank's capital and surplus.
Whenever a question of the office requirement of negotiability has
come up, our files show that it has been with reference to consumer
paper which is usually in the form of conditional sales contracts. It
is this type of paper that contains the provisions that are needed to
protect the lender's security while it is being used and paid for by
the borrower, for example, provisions that the borrower will keep the
property in repair, keep it insured, pay taxes, etc. When such provisions are included in consumer paper, they definitely make the paper
nonnegotiable under the uniform negotiable instruments law and the
decisions of the courts. The lender cannot include such provisions
in consumer paper and still have the paper considered to be negotiable
in form and we cannot permit such provisions to be included in consumer paper and still require that the paper be negotiable in form.
It will be noted that it is not the negotiable form of the paper
which makes it safer but rather the circumstances under which it is
acquired, i. e., by a party who not only pays value for it but also has
no knowledge of facts which might give a prior party a defense against
the paper. If a bank is in fact an innocent purchaser for value, it is
better off holding paper that is negotiable in form rather than paper
that is not.
The banks and automobile dealers and other vendors have also
worked out dealers' guaranty or repurchase agreements and reserve
accounts for the holding of defaulted consumer paper. These arrangements reduce the need of the banks for the protection afforded by the
innocent purchaser rule. It is believed that in actual practice the
banks rely very much more heavily on these agreements than on the
innocent purchaser rule for their protection.
Thus, it will be observed that, although banks may be better
protected through the operation of the innocent purchaser rule if



REPORT OF THE COMPTROLLER OF THE CURRENCY

37

they hold negotiable consumer paper rather than nonnegotiable paper,
it is open to question whether as a practical matter the actual amount
of protection is any greater in the one case than in the other.
Therefore, it is deemed advisable that a new exception be added to
section 84 dealing exclusively with instalment consumer paper.
Changes Recommended by Advisory Committee.—In lieu of the Comptroller's recommendation (2) the committee recommends a change
which consists of that which the Comptroller suggests, supplemented
by a proviso to the effect that the 10 percent limitation as regards the
maker of each note shall apply rather than the 25 percent limitation
upon the aggregate acquired from the endorser where, after evaluation
of the responsibility of each maker has been made, an officer of the
bank, designated for such purpose by its board of directors, certifies
that in acquiring such paper from the particular seller the acquiring
bank is relying primarily upon the obligations of the makers for payment of the paper.
Under present law nonnegotiable recourse instalment consumer
paper is subject to the 10 percent limitation, whereas such negotiable
paper is subject to no limitation. Thus the Comptroller's recommendation 23 (2) is restrictive as to negotiable paper and is somewhat
liberalizing as to such non-negotiable paper.
The committee has stated its views on this problem as follows:
"(A) There is no reason here to view such non-negotiable paper
in any different light than negotiable paper, or vice versa.
"(B) There is no reason to differ with the Comptroller's recommendation in cases where the acquiring bank does not evaluate the
responsibility of the individual maker but rather relies primarily
upon the responsibility of the endorser (or guarantor).
"(C) But where the acquiring bank does evaluate the maker's
responsibility, there should be a different rule. In other words,
if the acquiring bank is looking to the maker after investigation,
why should not the transaction for loan limit purposes be deemed
to be a loan to the maker rather than to the endorser?"
It is on this analysis that the committee disagrees with the Comptroller and makes the recommendation which it does.
Recommendation No. 35.—(1) Amend section 24 of the Federal
Reserve Act to enable national banks to make loans to finance the
construction of industrial or commercial buildings for terms of not
more than 18 months where there is a valid and binding agreement
entered into by a financially responsible lender to advance the full
amount of the bank's loan upon completion of the buildings, without
such loans being regarded as real estate loans, and to increase the
aggregate limit on construction loans from 50 percent of capital to
50 percent of capital and surplus.
(2) Amend the statute to permit national banks to make loans on
leaseholds which have at least 10 years to run beyond the maturity
date of the loan.
(3) Amend the statute to permit national banks to make loans to
finance the construction of buildings upon the security of purchase
contracts entered into pursuant to the provisions of the Public
Buildings Purchase Act of 1954 or the Post Office Department Property Act of 1954, without regard to the provisions of the section
concerning loans on real estate.



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REPORT OF THE COMPTROLLER OF THE CURRENCY

(4) Amend the statute to permit national banks to make working
capital loans to manufacturing or industrial enterprises secured by
liens on the physical properties of the enterprise, including plant
real estate, without such loans being regarded as real estate loans.
Loans for the purpose of financing the construction of such plants,
or to refinance existing mortgage indebtedness on such plants, must
be regarded as subject to all pertinent provisions of this section.
Reasons.—(1) Loans to finance the construction of industrial or
commercial facilities having maturities of not more than 18 months
where there is a valid and binding agreement entered into by a
financially responsible lender to advance the full amount of the
bank's loan upon the completion of the buildings are safe and desirable
loans which national banks are now unable to make. Permitting
them to make such loans would enable them to better compete with
State banks in the financing of the construction of industrial and
commercial facilities. If this legislation is enacted it will be desirable
and necessary to raise the aggregate limits on construction loans.
(2) Present restrictions on leasehold loans are unrealistic and the
present provision of law has been of little benefit either to national
banks or to prospective borrowers. It is believed the restrictions can
be liberalized without danger to the banks.
(3) Enactment of this legislation is necessary to aid the General
Services Administration and the Post Office Department in securing
financing for the construction of public buildings.
(4) Manufacturing and industrial companies or firms regularly
borrow money for working capital purposes from national banks.
In some cases, because of moderate credit weaknesses which must be
assessed with great care because of the size of the loan and its repayment terms, and which could become more acute under adverse conditions or circumstances, it is considered prudent judgment on the
part of bankers to require a collateral mortgage on the actual plant
of the borrower. The loan is based on the premise that it will be used
for normal working capital purposes and will be repaid from profitable
operations, the liquidation of inventory or receivables, etc. The
plant has, in most instances, salvage value only if it cannot be operated on a profitable basis. Such loans are in reality commercial
loans and represent ordinary business financing. Such loans should
not be treated as real-estate loans subject to the provisions of section
24 of the Federal Keserve Act (12 U. S. C. 371). The reasons behind
that statute and the purpose for which the statute was deemed
desirable do not apply in the case of this type of loan which will be
liquidated in a normal business way, barring unforeseen reverses.
Changes Recommended by Advisory Committee.—With respect to the
Comptroller's recommendation (1) the committee believes that a
combined aggregate limitation of 100 per cent of capital and surplus
on loans for residential, farm, industrial, and commercial construction
would be a more reasonable and realistic figure and accordingly urges
that the Comptroller's recommendation be amended to this effect.
With respect to the Comptroller's recommendation (4) the committee considers that an amendment to the real-estate loan section
applicable to national banks, being section 24 of the Federal Reserve
Act, to meet the problem discussed in the Comptroller's recommenda


REPORT OF THE COMPTROLLER OF THE CURRENCY

39

tion 35 (4) is highly desirable but it is concerned with some of the
limitations contained in the Comptroller's recommendation.
Manufacturing and industrial companies regularly borrow money
from banks, both for working capital and to enlarge their facilities.
These loans are expected to be repaid through the liquidation of
inventory or receivables or through the operations and earnings expected to be derived from the facilities. In some cases, as protection
against other creditors, existing or potential, or to prevent the bank
from being in a less favorable lending position than other lenders,
it is considered prudent judgment on the part of the bank to take a
collateral mortgage on the facility of the borrower. These loans are
really business loans and represent ordinary business financing and
should not be treated as real-estate loans subject to the provisions of
section 24 of the Federal Reserve Act.
Accordingly, the committee recommends that the amendment to
section 24 as recommended by the Comptroller in his recommendation
(4) be modified so as not to base the exception on working capital
loans as such but to base the exception on loans where made on the
basis of repayment out of the operations of the borrower's business,
when the bank relies primarily on the borrower's general credit standing, forecast of operations with or without other security, but wishes
to take a lien on the borrower's real estate as a precaution against
contingencies, whether present or future.
The committee is of the opinion that the alternative aggregate
limitation on real-estate loans under section 24 of the Federal Reserve
Act of capital and surplus or 60 percent of time and savings deposits
is unnecessarily restrictive with respect to banks which have a relatively low proportion of time and savings deposits. This situation
arises particularly in communities where the competition for savings
is such that national banks cannot acquire savings at reasonable
interest rates sufficient to permit these institutions to meet the normal
demand of their customers for real-estate financing. The capacity
of such banks to engage in mortgage lending seems to be unreasonably
restricted by the present limitation.
The committee, therefore, recommends that paragraph 1 of section
24 be amended to add the additional alternative of 20 percent of
demand deposits. Thus amended, the statute would authorize a
national bank to make real-estate loans in an aggregate amount not
exceeding its capital and surplus, or 60 percent of its time and savings
deposits, or 20 percent of its demand deposits, whichever is greater.
It is the judgment of the committee that such additional alternative
would reasonably liberalize the capacity of such banks to make mortgage loans without in anywise exposing them to an undue risk.
*
*
*
*
*
*
*
One of the recommendations made by the Comptroller was approved
by the Advisory Committee, but was adopted by the Senate Committee only in part. It was:
Recommendation No. 17.—(1) Section 62 of title 12 of the United
States Code should be amended to eliminate the provision that
creditors of the association may inspect the list of shareholders.




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REPORT OF THE COMPTROLLER OF THE CURRENCY

(2) This statute should be amended by qualifying the right of the
shareholders to inspect the shareholders list by providing that they
may inspect the shareholders list only for a proper purpose not inimical to the interests of the bank.
Reasons.—(1) Double liability of shareholders in national banks
has now been eliminated. With the elimination of the double liability there is no longer any reason to permit the creditors of the bank
to view the shareholders lists. The purpose of that requirement was
so that the creditors would know who were the shareholders against
whom double liability might be enforced in the event of the insolvency
of the bank.
(2) There appears to be no reason why shareholders of national
banks should have any greater right of access to shareholders lists
than the shareholders of corporations generally. That right is generally limited to the right to inspect the shareholders list upon the
showing of a proper purpose not inimical to the interests of the corporation. The present requirement related back originally to the double
liability provisions of law, and there is no longer any need for the
provision to be any broader than in the case of corporations generally.
Comment.—It was the second part of this recommendation that
was not adopted by the Senate Committee nor included in S. 1451
as it passed the Senate. The Comptroller continues to believe that
adoption of this recommendation is desirable.
*
*
*
*
*
*
*
One of the recommendations made by the Comptroller was approved by the Advisory Committee, but was not adopted by the
Senate Committee. It was not included in S. 1451 as it passed the
Senate. It was:
Recommendation No. 41.—Section 2 of the Federal Deposit Insurance Act should be amended to provide that in case of the inability
of the Comptroller of the Currency to act, through illness or otherwise,
the Acting Comptroller of the Currency shall be a member of the
Board of Directors in the place and stead of the Comptroller.
Reasons.—While the statute now provides that the Acting Comptroller of the Currency shall serve as a member of the Board of Directors of the Federal Deposit Insurance Corporation in the event of a
vacancy in the office of the Comptroller of the Currency and during the
absence of the Comptroller from Washington, it says nothing about
the Acting Comptroller of the Currency serving as such director in
the event of the illness of the Comptroller. While it would be assumed that the Acting Comptroller of the Currency should serve as a
director of the Corporation during the illness or disability of the Comptroller, the authority should be made statutory.
Comment.—The Comptroller continues to believe that this change is
needed.
One of the Comptroller's recommendations was disapproved by the
Advisory Committee which substituted a recommendation of its own.
This substitute recommendation was acceptable to the Comptroller
and was included in S. 1451. It was:



REPORT OF THE COMPTROLLER OF THE CURRENCY

41

Recommendation No. 13.—It is recommended that appropriate
amendment to sections 56 and 60 of title 12 of the United States Code
be enacted to require the approval of the Comptroller of the Currency
before the directors of any national bank may declare and pay to
shareholders of the association cash dividends which exceed the
amount of net profits after taxes realized from banking operations
during the previous 6 months' period. Furthermore, that amendment
be made to the statutes to permit directors of national banks to
declare dividends quarterly, semiannually, or annually, as long as all
legal requirements are met.
Reasons.—There have been cases where national banks have paid
dividends in excess of net profits after taxes to shareholders even
though such payment resulted in the dissipation of needed capital
funds.
A recent instance occurred in which the controlling block of the
capital stock of a strongly capitalized and well-managed national bank
was soJd to another shareholder. The new majority shareholder
negotiated a deal whereby the quarters of the bank were sold for a
large sum in excess of the book value, the profit of over $400,000 was
credited to the undivided profits of the bank, and the bank entered
into a long-term lease at unduly heavy rental expense for its occupancy
of the banking house it formerly owned. It seems possible, if not
likely, that the exorbitant terms of the lease rather than the real value
of the property may have been the principal factor in the negotiation
of the selling price of the banking house.
Under the new majority share ownership, the directors of the bank
declared over $1 million in dividends which exceeded by $480,000 the
profit on the sale of the banking house as well as net profits from operations for the year. Theretofore, the annual dividend to shareholders
amounted to $30,000 and today no dividend is being paid. Although
this depletion of the capita] funds of the bank did not violate the
above-quoted statutes, its effect was the creation of an undercapitalized position, particularly so in the light of the policies of the new
management which engaged in self-serving lending activities of an
unsafe and unsound nature. The Comptroller of the Currency
warned the entire board of directors of the bank under title 12, United
States Code, section 77 (Banking Act of 1933, sec. 30) which is a
preliminary step toward their removal from office. However, the
majority share ownership of the bank changed hands again and resulted in the election of another new board of directors. This bank
still remains in an undercapitalized condition. Although the present
management, which is the third within 2 years since the initial sale of
control in 1954, has been advised of the need for additional capital
funds, the matter must be delayed until the settlement of litigation
between former and present principal shareholders arising out of
charges of fraud and misrepresentation in the sale of the shares and the
banking house.
It is deemed necessary to ask for the reasonable legal requirement
that the Comptroller approve the payment of cash dividends exceeding the bank's net profits after taxes for the previous year to prevent
such situations from arising.
With respect to the recommendation concerning the frequency of



42

REPORT OF THE COMPTROLLER OF THE CURRENCY

declaration of dividends, many banks find it desirable to declare dividends at intervals more frequently than semiannually as now specifically provided in the law. To answer many inquiries concerning
this subject the Comptroller of the Currency has incorporated the
following ruling in the Digest of Opinions of the Office of the Comptroller of the Currency Relating to Operations and Powers of National
Banks:
"6310A. Declaration and payment of dividends more frequently
than semiannually.
"Under R. S. 5199 and 5204 (12 U. S. C. 60 and 56), the directors
of a national bank are expressly empowered to declare dividends
semiannually out of the bank's 'net profits.' However, until the
bank's surplus equals its common capital, the bank must first carry
'not less than one-tenth part of its net profits of the preceding half
year to its surplus fund.' (The 'preceding half year' refers to the
6-months' period ending June 30 or December 31, as the case may be.)
Such dividends may be made payable more often than semiannually,
such as quarterly.
"The reference in R. S. 5199 to semiannual declaration of dividends
is related to the requirement in the same sentence that, before declaration of a dividend, the bank shall carry not less than one-tenth part
of its net profits to surplus until the same shall equal the amount of
its common capital. There is no objection on the part of this office
to more frequent declarations of dividends (for example, quarterly)
so long as the bank's surplus fund is at least equal to its capital."
This ruling is based upon the opinion that the law is intended to be
restrictive only as long as the surplus of the bank remains less than
the amount of its capital. After the legally required capital and
surplus relationship is established and no further transfers of portions
of net profits to surplus must be made, there seems to be no reason
for restricting the declaration of dividends to a semiannual basis
if there is no conflict with other provisions of law. A clarification
of the statute to deal with what appears to be all-inclusive restrictive
language would be helpful.
Recommendations of Advisory Committee.—It is recognized that
occasionally there occurs a case where dividend declarations which
are made in technical compliance with the requirements of existing
law nonetheless are not justified by present and accumulated earnings,
result in a weakened and undercapitalized bank, and violate safe and
sound banking practice. Present law should, therefore, be amended
to vest in the Comptroller of the Currency appropriate powers to
prevent any such occurrence. The recommendation of the Comptroller is considered to be sound in principle, but it is questioned
whether it would be practical or equitable in operation. It is therefore
disapproved.

An amendment to strengthen existing law to prevent the recurrence
of any such case should not be so restrictive in operation as to penalize
the great bulk of conservatively, soundly, and safely managed banks.
It is well known that the dividend policies and records of the Nation's
banks have been and are conservative in the interest of increasing
bank capital in order to strengthen even further the banking system
and to enable it better to meet the ever-expending credit needs of our



REPORT OF THE COMPTROLLER OF THE CURRENCY

43

country. However, the conservative dividend policy followed by
the Nation's banks understandably is not likely to aid the banks in
attracting the additional capital which the banks need if they are to
continue to meet the increasing credit needs of the country. Stockholders in banks have had to be content with a smaller dividend
return on their invested capital than have the stockholders of other
major segments of American business and industry. Hence, any
amendment to accomplish the Comptroller's objective should avoid
any undue burden on the dividend policy of banks generally.
Accordingly the committee feels that the terms of the recommendation of the Comptroller should be amended so that the requirement
for obtaining prior approval of dividend declarations for any calendar
year should be operative only in a case in which dividend declarations
in any calendar year exceed net profits after taxes for the current
year, plus retained net profits for the preceding 2 years. Such a
provision would supply the Comptroller with the additional authority
he needs to prevent any unsound dividend declaration and at the
same time not impose an unduly restrictive limitation on all banks
in order to prevent occasional abuse.
The committee, therefore, recommends that the Comptroller's
proposal be amended as set out in the preceding paragraph.
*
*
*
*
*
*
*
Four of the Comptroller's recommendations were disapproved by
the Advisory Committee and not included in S. 1451. They were:
Recommendation No. 21.—It is recommended that section 30 of the
Banking Act of 1933 be amended to prevent a director or officer of a
national bank who has been removed under the provisions of section
77 from voting his shares of stock for any purpose at regular or
special meetings of the shareholders. The remaining outstanding
stock shall be regarded as 100 percent of the bank's outstanding shares
for all voting purposes. If the removed shareholder sells or transfers
his shares, it may not be voted by the new owner unless the Comptroller of the Currency determines that the sale or transfer was bona
fide and not merely an attempt by the removed officer to vote the
shares through a third party.
Reasons.—The statute provides that any director or officer who
has been removed from, office is subject to a fine of not more than
$5,000, or imprisonment for not more than 5 years, or both, in the
discretion of the court if he participates in any manner in the management of the bank. However, there is nothing in the statute that
prohibits a removed officer or director from voting the stock of the
bank owned by him. Thus, if he owns more than 50 percent of the
stock of the bank, he can, as a practical matter, manage the bank
through those he is able to elect to the directorate, and, in order to
eliminate his direct or indirect control, his stock while owned by
him or anyone he controls should be deprived of its voting power
and the remainder of the stock of the bank held by independent
parties should be considered as representing 100 percent of the voting
stock of the bank.
Reasons for Disapproval by Advisory Committee.—The remedy of
unconditional deprivation of the right to vote stock as proposed by



44

REPORT OF THE COMPTROLLER OF THE CURRENCY

the Comptroller poses possible questions of legality and of abuse.
Such questions could well weaken the effectiveness of such a remedy
if enacted into law.
While the committee is sympathetic with the objective which the
Comptroller seeks, the recommendation for the reasons above is
disapproved.

Comments.—While the Comptroller continues to believe there is
merit to his proposal, no consideration is being given at this time to
again submitting this recommendation to the Congress.
Recommendation No. 37.—It is recommended that R. S. 5240 be
amended to provide that the Federal Deposit Insurance Corporation
shall pay to the Comptroller of the Currency annually an amount
equal to 50 percent of the expense incurred by it in examining State
nonmember insured banks, and the Board of Governors of the Federal
Reserve System shall pay to the Comptroller of the Currency annually
an amount equal to 50 percent of the expense incurred by it and by
the Federal Reserve banks in examining State member banks, and
that the expenses of the Comptroller of the Currency not otherwise
provided for shall be assessed by the Comptroller of the Currency
upon the national banks in proportion to their assets and resources.
Reasons.—National banks now bear the full expense of the supervision and the examinations which they receive from the Comptroller's
office. The entire expenses of the Comptroller's office are paid out
of assessments levied on national banks. State banks, on the contrary, which are supervised and examined by the Board of Governors
of the Federal Reserve System, or the Federal Deposit Insurance
Corporation, do not bear directly any of the expense of such Federal
supervision and examination. In the great majority of cases State
banks are examined jointly by the State authorities and by the
examiners of the Federal Reserve banks or the Federal Deposit
Insurance Corporation. In many States such examinations are conducted only once a year. By conducting joint examinations with
Federal examiners State banking departments are enabled to operate
with substantially smaller staffs and at less expense to the banks.
Thus State banks are to some extent subsidized by the Federal
Government through the Federal Reserve System and the Federal
Deposit Insurance Corporation, and they get the benefits of Federal
supervision and examination at no direct cost to them. All national
banks in the continental United States are members of the Federal
Reserve System and are insured by the Federal Deposit Insurance
Corporation. All of the funds of the Federal Deposit Insurance
Corporation are derived from insurance assessments on insured banks
including national banks. Thus national banks through their payments to the Federal Deposit Insurance Corporation are paying part
of the cost of examining State banks. This inequity should be
eliminated.
In some States the examination fees are very much less for State
banks than for national banks particularly in the case of larger banks.
This is an incentive for national banks to leave the national system
and convert into State banks.
Through the payments suggested in the proposed amendment the
examination fees assessed to the national banks by the Comptroller



REPORT OF THE COMPTROLLER OF THE CURRENCY

45

of the Currency could be reduced, thus restoring a more equitable
balance between the State and National systems.
Reasons for Disapproval by Advisory Committee.—No reasons stated.
Comments.—While the Comptroller continues to believe there is
merit to his proposal, no consideration is being given at this time to
again submitting this recommendation to the Congress.
Recommendation No. 45.—It is recommended that legislation be
enacted to provide that any national bank located within the same
county may, with the approval of the Comptroller of the Currency,
acquire by consolidation, merger, or purchase of assets, and assumption of liabilities another national bank which is found by the Comptroller of the Currency to be in a precarious financial condition and
permit the acquiring bank to continue the office or offices of the absorbed
bank as branch offices, even though State laws do not permit the
establishment of such branches.
Reasons.—Situations have arisen in the past where communities
in States the laws of which either prohibit branch banking or provide
for limited branch banking have been deprived of needed banking
services through the discontinuance of a national bank because of
insolvency. Other nearby banks could and would have provided
those communities with all necessary banking services through takeovers of the discontinuing banks and the establishment of branches
at the locations of such banks if the branch banking laws had not
prohibited their doing so. This would have substantially eased the
problem of the bank supervisory authorities and been to the best
advantage of all concerned. Similar situations are almost certain
to arise in the future. It would appear to be essential that a method
of dealing with such problems and permitting the continuance of
necessary banking services in such situations be provided through
the recommended legislation.
Reasons for Disapproval by Advisory Committee.—While the merit
of the reasoning advanced by the Comptroller in support of this
recommendation is recognized, nonetheless this recommendation
departs from the "State law test" historically applied to branches of
national banks. For this reason this recommendation is nonetheless
disapproved.
Comments.—While the Comptroller continues to believe there is
merit to his proposal, no consideration is being given at this time to
again submitting this recommendation to the Congress.
Recommendation No. 4$A.—It is recommended that a statute be
enacted to govern specifically certain important phases of the administration of pension, profit-sharing, and employee welfare or benefit
accounts of national banks, as follows:
(1) Such accounts into which profits of the bank are contributed
should have the approval of the stockholders who own a majority of
the capital stock of the bank.
(2) Borrowing by such accounts should be prohibited, except for
temporary needs to meet required disbursements.
(3) Investment of funds of such accounts in any real estate, equipment, enterprise, obligation, interest or stock, the principal purpose
of which is to serve the interest of the bank or any director, officer,
or employee thereof, should be prohibited.
432389—57

4




46

REPORT OF THE COMPTROLLER OF THE CURRENCY

(4) Ownership of more than 5 percent of the shares of the capital
stock of any bank or trust company or the investment of more than
10 percent of the corpus of the pension, profit-sharing, and employee
welfare or benefit fund or trust in shares of any bank or trust company
whichever is the lesser based upon cost price at the time of purchase,
should be prohibited.
(5) The Comptroller of the Currency should be authorized by law
to examine, in the course of the examination of each national bank, the
affairs of any pension, profit-sharing, and employee welfare or benefit
accounts which it established for its directors, officers, or employees,
except when such accounts are administered by an independent
corporate trustee.
Reasons.—In the investment of trust funds of pension, profit-sharing, and employee welfare or benefit arrangements, abuses have
occurred which could have been prevented had suitable statutory
restrictions existed governing the administration of such trust funds.
The most outstanding abuses which have come to the attention of
this office are:
(1) The failure to obtain approval of the shareholders of the employer bank. This could result in litigation. In the case of Heinz v.
National Bank of Commerce in St. Louis (237 Fed. 942), the United
States Circuit Court of Appeals held that the creation of a pension fund
was within the incidental powers of a national bank. In that case the
directors had established the plan pursuant to a resolution of the
shareholders. Such approval by the shareholders is believed to be
wise procedure in order that the shareholders may be fully informed,
and their specific approval may remove the possibility of later criticism. Furthermore, the shareholders are entitled to know the extent
to which the future earnings of their bank are committed for such a
purpose.
(2) There have been cases where pension funds created by banks
have borrowed substantial sums of money to purchase the controlling
interest in other banks. Control held in such a manner permits the
employer-bank to dominate the policies and operations of the bank
concerned. We do not believe that such funds should be used for this
purpose.
(3) Also, trust funds ofemployee benefit accounts have been invested
in banking houses, equipment, automobuVparking facilities, insurance
agency, and an automobile dealer-ship on the verge of bankruptcy.
Such investments are not suitable to the type of trust funds being
invested and are indicative of self interest.
(4) There is divided opinion as to whether stock of an employer
bank is a proper investment of trust funds held for its employees. We
believe it would be advisable to restrict the ownership of such stock to
a reasonable amount with respect to the corpus of the trust as well as
to the proportion of the capital stock of the employer bank. Furthermore, the limitations recommended are the same as those provided by
section 17 (c) (5) of Regulation F of the Board of Governors of the
Federal Reserve System which sets forth miscellaneous limitations on
investment of common trust funds. Fundamentally, it is contrary to
sound fiduciary practice to engage in self-dealing, particularly where
the trustor and trustee are essentially the same. We also regard it to



REPORT OF THE COMPTROLLER OF THE CURRENCY

47

be inappropriate for an employee's pension to be substantially dependent upon the continued success of his employer. In any case
where it is necessary for a bank to increase its capital stock by means
of a sale of new shares, ownership of a major portion of the existing
capital stock by an employees' trust fund, which may not be in a
position to purchase more stock, could impede if not prevent an increase in capital which might be necessary for the continued welfare
of the bank and the protection of the interests of its depositors.
Furthermore, if the bank is sole trustee, it is prohibited by title 12,
United States Code, section 61 (U. S. R. S., sec. 5144) from voting
such shares held in trust in the election of directors, except under certain circumstances. If these circumstances are met and a substantial
portion of the stock of the bank is held in trust, it may become possible
for the management of the bank to perpetuate itself in office. This
perpetuation of management could also occur through the influence of
directors and officers upon employees, if they, instead of the bank,
are trustees of the fund.
(5) Statutory authority exists under which the Comptroller of the
Currency may examine trust departments of national banks and in
any case where such a department is acting as trustee of an employees'
pension, profit-sharing, welfare or benefit trust, the administration
of such trust funds may be examined. However, when the bank is
not trustee and such funds are under a trusteeship composed of
directors, officers, employees, or others, statutory authority does not
exist which would permit examination into the administration of
such trusts. Even though under these circumstances the administration of the trust is not a direct responsibility of the bank, because
of the fact that its trustees (other than an independent corporate
trustee) are closely connected with the bank and in a position to be
influenced by those who formulate and administer its policies, the
bank might be held liable for any loss which may occur in such a
trust fund by reason of unsound acts of its directors, officers, or
employees who also serve as trustees and whose interest is divided
between the bank and the trusteeship. The probability or likelihood
that under adverse circumstances the trustees may be charged with
self-dealing and the bank held liable make it advisable that statutory
authority be provided under which the affairs of such trusts may be
supervised.
Reasons for Disapproval by Advisory Committee.—For some time
now the Congress, as well as several agencies in the executive branch
of the Federal Government, have been studying the need for additional Federal legislation with respect to the establishment and regulation of employee benefit plans generally. In the second session
of the last Congress the subcommittee on Pension and Welfare Funds
of the Senate Labor and Public Welfare Committee made an extensive
report of its findings and recommendations in this area. The subcommittee also reported to the full committee proposed legislation
which would impose reporting and disclosure requirements with
respect to the financial details of the operation of employee benefit
plans. As this proposed legislation was reported late in the last session
of Congress, no action was taken on it. It seems reasonably clear




48

REPORT OF THE COMPTROLLER OF THE CURRENCY

at this time that that or similar legislation will be introduced and
pressed in the next Congress.
In the light of these considerations, it would seem to be premature
for the Congress to consider this recommendation at this time. For
this reason this recommendation is disapproved.
Comments.—The Comptroller considers it essential that there be
enacted at an early date legislation specifically governing certain
important phases of the administration of pension and profit-sharing
trusts of national banks. Because the trustee is frequently the bank,
or designated individuals selected by and closely connected with the
bank, the trust instruments ordinarily place very great discretionary
powers in the trustees. There is at present no control over the actions
of the trustees except the usual right of beneficiaries of the trusts to
object to actions of the trustees. These beneficiaries are all employees
of the bank. In a few cases funds of this type of trust have been
used by banks to acquire and own stock beyond reasonable limits,
or to acquire the stock of competitive banks, or for other purposes
more to the benefit of the bank than the bank's employees. Legislation which would set minimum standards for the operation of these
trusts should not wait for consideration by the Congress of proposed
legislation regarding employee benefit plans generally, in which
problems other than those peculiar to banks would be uppermost.
With respect to the proposed legislation referred to by the Advisory
Committee, it should be pointed out that this legislation would not
have provided for the regulation of employee benefit plans but merely
for the gathering of information.
It is anticipated that this recommendation will be again presented
to the Congress at an early date.
*
*
*
*
*
*
*
One of the Comptroller's recommendations relating to facilities of
national banks at military posts was disapproved as being unnecessary
because existing legislation on the subject was deemed adequate.
The remaining eleven recommendations, which were all purely
technical in nature and involved no change of substance, but merely
deleted obsolete provisions of law were approved by the Advisory
Committee and included in S. 1451 as it passed the Senate.
In addition to the changes recommended by the Comptroller and by
the Advisory Committee as indicated above, S. 1451 would make
several other important changes in the national banking laws.
Conflicts of Interest

Section 8 of S. 1451 would prohibit the Comptroller or any Deputy
Comptroller from owning stock in any national bank or District bank,
or from holding any office or employment in any such bank while he
holds his office. Under present law the Comptroller and the First
Deputy Comptroller are prohibited from being interested in any
national banking association. The proposed change is merely
declaratory of existing practice.
Section 8 would add a provision to present law making it unlawful
for any employee of the Office of the Comptroller to accept employ


REPORT OF THE COMPTROLLER OF THE CURRENCY

49

ment in any national bank or any District bank, within 2 years after
terminating his employment with the Comptroller, except upon
approval of the Comptroller pursuant to regulations prescribed by
him. A similar rule is under existing practice applied by the Comptroller's office to national bank examiners.
Preferred Stock

Section 20 of S. 1451 changes present law dealing with the issuance
of preferred stock by national banks to provide that preferred stock
may be issued only when approved by the Comptroller, after determination by him that the most practicable method of obtaining
desired and needed additional capital is through the issuance of preferred stock. The present provisions of law permitting the issuance of
preferred stock by national banks are regarded as emergency provisions to be used only under emergency conditions.
Shareholders List

Section 22 of S. 1451 would add a requirement that the Comptroller
shall be immediately notified by the president or cashier of the national bank involved, of any single transaction recorded on the bank
stock transfer records involving the purchase or sale of 10 per centum
or more of the outstanding shares of the association.
Disclosure of Stock Ownership

Section 23 of S. 1451 would require that the record owner of any
stock in any national bank shall within 30 days after becoming such
record owner notify the Comptroller in writing of the name of any
person or persons having a beneficial or equitable interest in such
stock in excess of 5 per centum of the outstanding shares of the bank.
In the case of stock held in a trust, this requirement may be satisfied
by filing a copy of the trust instrument with the Comptroller. Any
change in the person or persons having such a beneficial or equitable
interest in any such stock, except pursuant to any trust instrument on
file, must be promptly reported to the Comptroller by the record
owner. The transferee of any such stock must, within 30 days after
such transfer, cause his name to be listed as the record owner thereof.
Removal of Officers and Directors

Section 29 of S. 1451 would continue in substance the present provisions of law dealing with the removal of officers and directors who had
violated laws or engaged in unsafe and unsound practices, but would
add the provision that in the case of a hearing held by the Board of
Governors of the Federal Reserve System as provided for by the
statute, the hearing shall be held in accordance with the provisions of
the Administrative Procedure Act and shall be subject to review as
therein provided except that the review by the court shall be upon the
weight of the evidence. The usual test under the Administrative
Procedure Act is whether the decision of the administrative agency is
supported by substantial evidence.



50

REPORT OF THE COMPTROLLER OF THE CURRENCY

Stock Options
Section 31 (a) (9) of S. 1451 would add a new provision permitting
national banks, with the approval of the Comptroller, to grant restricted stock options which qualify under the Internal Revenue Code
to their employees. This section would provide that no stock options
shall be approved if the option price is less than 85 per centum of the
fair market value of the shares, or 85 per centum of the book value of
the shares, as determined by the Comptroller, whichever is greater.
Stock Acquisitions in Connection With Bank Mergers
Section 32 (b) of S. 1451 would permit a national bank, with the
approval of the Comptroller, to purchase and hold, for not to exceed
90 days, stock of another bank as a step in a proposed absorption of
such other bank through merger, consolidation, acquisition of assets
and assumption of liabilities, or otherwise.
Maximum Rate of Interest
Section 35 of S. 1451 would contain a provision to the effect that the
purchase of obligations or evidences of indebtedness from the actual
owner thereof shall not, for the purposes of determining the maximum
rate of interest which a national bank may charge, be deemed a loan or
discount if such purchase would not, under the law of the State in
which the purchasing bank is located, be deemed a loan or extension of
credit subject to the interest or usury statutes of such State.
Limit on Bank's Indebtedness
Section 37 of S. 1451 would provide that no national bank may at
any time be indebted in an amount exceeding the amount of its capital
stock plus the amount of its unimpaired surplus fund, except on account of demands of a specified nature. Under present law the
amount in which a national bank may be indebted is limited to the
amount of its capital stock.
Investment in Bank Premises
Section 43 of S. 1451 would provide that no national bank, without
the approval of the Comptroller may invest in bank premises in
amounts in excess of 100 percent of its capital stock or 50 percent of
its capital and surplus, whichever is greater. Under present law investments in bank premises are limited to 100 percent of the capital
stock of the bank.
Businesses Representing Themselves as Banks
Section 44 (b) of S. 1451 would provide that it shall be unlawful for
any institution organized under the laws of the United States to represent in any manner that it is a bank unless the law under which it is
organized expressly authorizes it to engage in the business of receiving




REPORT OF THE COMPTROLLER OF THE CURRENCY

51

demand deposits and of making loans and discounts, or expressly
authorizes the use of the word "bank" in its corporate or business
name.
Provision for Amending Articles
Section 47 of S. 1451 would add a new provision specifying the manner in which a national bank may amend its articles of association.
Outside Audits
Section 48 (c) of S. 1451 would provide that in any case in which the
Comptroller deems it necessary, he may require any national bank to
have an audit made by an independent individual or firm approved
by him.
Territorial Applicability
Section 70 of S. 1451 would extend the territorial applicability of the
National Bank Act to the several States, the District of Columbia, the
several territories and the several possessions of the United States, and
the Commonwealth of Puerto Rico.
Legislation Enacted
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 one of the required two 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 bejmade lupon^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.
Public Law 809 of the ,84th Congress, approved July 26, 1956, the
Farm Credit Act of 1956, amended ParagraphjJjSeventh of section 5136
of the Revised Statutes to provide that the limitations and restrictions
therein contained as to dealing in, underwriting and purchasing for its
own account, investment securities shall not apply to obligations issued by the thirteen banks for cooperatives or any of them. Prior to
enactment of this legislation national banks were permitted to deal in,
underwrite and purchase for their own accounts, obligations issued by



52

REPORT OF THE COMPTROLLER OF THE CURRENCY

the thirteen banks for cooperatives or any of them only in amounts not
exceeding 10 percent of the bank's capital and surplus.
Public Law 854 of the 84th Congress, approved July 31, 1956, the
Federal Executive Pay Act of 1956, increased the compensation of the
Comptroller of the Currency from $16,000 per annum to $20,500 per
annum.
Public Law 896 of the 84th Congress, approved August 1, 1956, ex-,
tended the applicability of all acts of Congress relating to national
banks to Guam.
Litigation
On October 8, 1956, the Supreme Court of the United States refused
to review the decision of the Court of Appeals for the District of Columbia in the case of Michigan National Bank v. Gidney, 237 F. 2d 762.
The Court of Appeals had held that the Comptroller's action in denying a second branch in Saginaw, Michigan to the Michigan National
Bank of Lansing, Michigan, had been based upon a proper construction of applicable law, and had affirmed the District Court decision
granting a motion for summary judgment made on behalf of the
Comptroller of the Currency.
On August 17, 1956, suit was filed by the Wayne Oakland Bank of
Royal Oak, Michigan, against the Comptroller of the Currency seeking a declaratory judgment that the issuance by the Comptroller of
a certificate authorizing the establishment by the National Bank of
Detroit, Michigan, of a branch in Troy, Michigan, would be unlawful,
and an injunction restraining the Comptroller from issuing his branch
certificate. This suit was filed in the United States District Court for
the District of Columbia, but was transferred with the consent of
the Comptroller to the United States District Court for the Eastern
District of Michigan where the National Bank of Detroit was joined as
a party defendant. At the close of 1956 this case was pending in that
Court.
Organization and Staff
On December 31, 1956 the Office of the Comptroller of the Currency
had in its employ 1,081 persons. Of these, 195 were assigned to the
Washington office, including 32 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 decreased
by 3 and the total field force decreased by 52 persons.
Twenty-six national bank examiners (one deceased) and 94 assistant
national bank examiners left the service during the year. In the same
period 23 assistants were commissioned national bank examiners, 1
former national bank examiner was reappointed, and 71 new assistants
were appointed. Two assistant examiners returned from military
furlough, leaving a total of 255 examiners and 524 assistant examiners
in the service at the end of the year.




REPORT OF THE COMPTROLLER OF THE CURRENCY

53

District Chief National Bank Examiner Alfred P. Leyburn, in
charge of the Atlanta office, retired on October 31, 1956 and was succeeded by Lester V. Bailey, who had been serving as a National Bank
Examiner in the San Francisco district.
Assistant Chief National Bank Examiner Clarence F. Smith of the
Washington office staff retired on January 31, 1956 and was succeeded
by National Bank Examiner F. Parker West of the New York district.
The entire national bank examining staff continued under Schedule
B of the civil service regulations during the year, the result being
that assistant national bank examiners were recruited on an excepted
basis as has been the long-established procedure. However, the competition that has existed for all types of personnel has affected the recruitment efforts in almost every district, resulting in the decline
amounting to 43, as above noted, in the staff of assistant examiners.
In two of the districts notices were inserted in banking periodicals
calling attention to the existence of vacancies in assistant examiner
positions, without noticeable results.
The previously established educational programs conducted for
members of the examining staff, referred to in previous reports, was
continued during the year. This program is designed to train newly
appointed assistant examiners and improve the efficiency of the entire
examining staff. As of December 31, 1956, 263 examining staff members had completed the extension courses of the American Institute
of Banking, and 239 were still enrolled; 49 had completed the graduate
school courses conducted by the American Bankers Association at
Rutgers University, the University of Wisconsin, the University of
Washington, and the University of Louisiana, and 22 were still enrolled in these courses; and 153 had completed the prescribed courses
in the inter-agency training school for both examiners and assistant
examiners established in 1952 by the Comptroller of the Currency,
the Board of Governors of the Federal Reserve System, and the
Federal Deposit Insurance Corporation.
As previously stated, the Office of the Comptroller of the Currency
had 1,081 persons in its employ as of December 31, 1956. The following table is designed to show how the services of these employees
are utilized and how the work is organized.




54

REPORT OF THE COMPTROLLER OF THE CURRENCY

Division

Assistant examiners, asExecutive sistant counsel,
or super- administrative Total
visoryassistants, auditors, secretaries, typists,
clerks

I. EXECUTIVE ORGANIZATION

(Policy and general supervision, all located in Washington, D. C.)
Comptroller of the Currency
Deputy Comptrollers
Chief National Bank Examiner
II. FIELD ORGANIZATION

(Located in 12 Federal Reserve districts)
District Chief National Bank Examiners
Policy and supervision, subject to executive staff in group 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 examiners
Assist national bank examiners.

12

1 2 3 107

243

243

524
255

119

524

631

i n . 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 executive staff in group
I, above, as to dispositions 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.
(b) 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 executive staff in group I, above, 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.
(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. 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.
See footnotes a t end of table.




1 2 3 4 24

32

1 2 3 4 16

20

1 2 3 6 25

26

123 3

1 23 22

24

55

REPORT OF THE COMPTROLLER OF THE CURRENCY
Assistant examiners, as-

Executive sistant counsel,
or super- administrative Total
visory
assistants, au-

Division

ditors, secretaries, typists,
clerks

in. WASHINGTON STAFP ORGANIZATION—continued

(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
Eeceives all checks in payment of fees for examinations and
makes deposits to the Comptroller's Treasury account. 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.

2

17g

10

2

1 23 22

24

2

1 2 3 8 30

32

1

4

133

24
1
2

Grand total
Secretarial.
Typists.

3 Clerical.
4
Administrative.

6

Assistant counsel.
^Messengers.

160

184

284

797

1,081

7 Accountants.
s Money counters.

Expenses of the Bureau
Summary statement of the operating expenses of the Bureau for
the year ended December 31, 1956.
Bank
supervision
Salaries
Per diem
Transportation
Supplies
Printing, books and periodicals.
Rent_
Furniture and fixtures
Communications
Fixed charges
Maintenance
Treasurer's Federal Reserve note vault expense
Employer's F . I. C. A. and insurance fund contributions_
Miscellaneous
Total

$6,519,031.98
1, 233, 426.71
499, 610.03
22, 992. 52
80, 554. 56
140, 395.08
36, 934.38
53, 868.43

Currency
issue and
redemption

Total

21, 786.48
25, 821.22

629. 99
15, 736. 57
467.05
12,309.06
445.49
1,073.00

$6, 658,803.35
1,233, 426. 71
499, 610.03
23, 903.91
80, 623. 72
140, 395.08
36, 934.38
54,498.42
15, 736. 57
467.05
12,309.06
22, 231.97
26,894.22

8,634,421.39

171, 413.08

8,805, 834.47

$139, 771. 37
911.39
69.16

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, 1955, April 10, June 30, September
26, and December 31, 1956, reported pursuant to calls for condition
statements by the Comptroller of the Currency, is shown in the
following table.



Assets and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31,1955
(4,700 banks)

Apr. 10,1956
(4,689 banks)

June 30,1956
(4,675 banks)

Sept. 26,1956
(4,671 banks)

Dec. 31,1956
(4,659 banks)

^j
W

g
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

43, 559, 726
33, 686, 583
4,223
6,993,984
1, 955,466
217, 074

44.516,000
31,872,384
4,073
7, 111, 377
1,866,784
228,840

45, 999, 400
30,653,137
4,132
7,094, 478
1, 736,150
230,864

47,031,601
31,036,665
3,662
7,056, 565
1, 681, 609
232, 852

48,248,332
31,675,780
4,305
7,025,220
1,561,566
236,521

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

86,417,056

85,599,458

85,718,161

87, 042,954

88,751,724

H

25,763,440
962, 111
23,709
78,839
125,671
225, 712
153, 749

23,238,461
1,001,858
28,460
74,650
158,305
222,831
183,183

23,609,546
1,031, 707
29,589
79,187
162,221
229, 972
175, 912

23,356,736
1,063,287
33,367
81,016
200,139
237,155
160,686

27,082,497
1,088,855
33,442
83,963
262,397
237,865
161,239

Ct
O
g
£3
H
W
O

113, 750, 287

110,507,206

111, 036, 295

112,175,340

117,701,982

t*
£*

58,192, 878
25,151, 538
2,364,385
7, 341,424
9,320, 515
1, 847, 249

54,974,940
25,322,058
2, 454,930
7,208, 503
8, 576, 201
1,378,800

54,492,378
25, 760,836
3,224,359
7, 607,153
8, 408, 890
1, 642, 785

55,373,256
25,976, 713
3,103,803
6,897,426
8,437, 734
1,434,095

59,582,348
26,270,576
2,360,270
7,467,413
9,850,100
1,964,116

P
~
.3
H
g

104, 217,989

99, 915, 432

101,136,401

101,223,027

107,494,823

£j

76,894,669
27,323,420

72,395,202
27,520,230

73,103,910
28,032,49V

72,991,341
28,231,686

79,027,557

107, 796
1,015
136,657
424,991
439,535
486,375

891,068
876
172,769
446,829
440,280
461,613

150,884
907
170, 758
459,943
370,734
492,868

749,376
849
211, 654
492,860
495, 505
561,026

1,328
273,748
492,165
450,025
499,107

105,814,358

102,328,867

102, 782,495

103, 734,297

109,229,850

Total assets

H
O
*f
H

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government and postal savings
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Mortgages or other liens on bank premises and other real estate
Acceptances outstanding
Income collected but not yet earned
Expenses accrued and unpaid
Other liabilities
.
Total liabilities




_

28,467,266

18,654

H

2
gj

g

3
**

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, 555, 492
3, 971,001
1,392, 294
259, 552

2,575, 432
4,006, 626
1, 413, 837
257, 905

2, 597,113
4, 044, 111
1, 541,333
258, 486

2, 638,108
4,138, 783
1, 439, 937
255, 304

7, 935, 929

8,178,339

8, 253,800

8, 441,043

8, 472,132

113, 750, 287

110, 507, 206

111, 036, 295

112,175,340

117, 701, 982

3,916
250
2, 468, 458

3,754
175
2, 551, 563

3,684
175
2, 571, 573

3,668
175
2, 593, 270

3,633
175
2, 634,300

2, 472, 624

2, 555,492

2, 575, 432

2, 597,113

2, 638,108

4,161
275

3,999
200

3,859
200

3,843
200

3,808
200

4,436

4,199

4,059

4,043

4,008

13, 914, 353

14, 885, 591

14, 494, 292

14, 432,148

13, 898,348

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
i
Assets pledged or assigned to secure liabilities and for other purposes (including notes and
bills rediscounted and securities sold with agreement to repurchase)




2, 472, 624
3, 828,335
1, 368, 808
266,162

s
s
3

w

o
o

o

58

REPORT OF THE COMPTROLLER OF THE

CURRENCY

TRENDS IN BANKING

The following table shows the changes that have occurred in recent
years in the relationships of the major asset and liability accounts of
national banks to the aggregate of assets and liabilities.
Distribution of assets and liabilities of national banks, Dec. 31, 1953-56
1953
ASSETS

1955

1956

Percent Percent Percent Percent
32.32
34.01
29.62
26.91
6.15
5.75
6.24
5.97
.17
.16
.17
.17
1.74
1.92
1.71
1.36

Securities:
U S Government direct and guaranteed
Obligations of States and political subdivisions
Stock of Federal Reserve banks
Other bonds and securities

40.15

_

__

37.68

34.41

34.29
11.43
10.72
.78
.01
.64

38.29
12.68
9.97
.85
.02
.51

40.99
13.27
9.74
.93
.03
.63

100.00

100.00

100.00

51.41
20.76
2.56
6.17
9.22
1.55

_ _
_

42.13

34.46
12.18
11.92
.73
.03
.53
100.00

Total securities
Loans and discounts
Cash and balances with other banks, excluding reserves
Reserve with Reserve banks _
_____
Bank premises, furniture and
fixtures._
__
Other real estate owned
All other assets
Total assets.

1954

50.80
21.25
2.43
6.18
9.23
1.50

51.16
22.11
2.07
6.45
8.19
1.64

50.62
22.32
2.00
6.34
8.37
1.68

LIABILITIES

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

91.67

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

_
_

__

_
_

_-

_

_
_

_ -

91.39

91.62

91.33

69.19
22.48
1.60

68.03
28.36
1.63

67.60
24.02
1.40

67.14
24.19
1.47

2.09
3.20
1.44

2.14
3.40
1.44

2.17
3.37
1.44

2.24
3.52
1.44

6.73

6.98

6.98

7.20

100.00

100.00

100.00

100.00

EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR
YEAR ENDED DECEMBER 31, 1956

Summaries of the earnings, expenses, and dividends of national
banks for the years ended December 31, 1955 and 1956, are shown
in the following table.




REPORT OF THE COMPTROLLER OF THE CURRENCY

59

Earnings, expenses, and dividends of national banks for years ended {Dec. 31, 1955
and 1956
[In millions of dollars]
Change
since
1955

1956

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, 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

Total




+90 0
+63.2
+5.0
+10.6
+62.4

2,105.1

+231.3

1,331.6

+165. 4

13.7
29.2
35.9

-3.6
-3.7
-24.5

14.6
18.9
22.9

-4.1
+14.1
+5.8

135.2

-16.1

182.8
61.3

122.1
36.3

+60.7
+25.0

11.2
233.7
48.3

14.3
158.7
46.0

—3.1
+75.0
+2.3

_

_ _

_ _

377.4

+159.8

1,089.4

-10.5

413.1
18.7
431.8

428.6
17.6

-15.5
+1.1

446.2

-14.4

647.1

_

Net profits before dividends

See footnotes a t end of table.

1 008.4
374.0
101.5
59.7
561.6

537.2

Taxes on net income:
Federal.State

Total

1,098.4
437.2
106.5
70.3
624.0

1,078. 9

Profits before income taxes

Cash dividends declared:
On preferred stock
__ _
On common stock

+396.8

119.1

Total
Net earnings from current operations

3, 436.7

10.5
33.0
28.7

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

-19.8
+7 0
+367 2
+22.7
+19.9

10.1
25.5
11.4

_

757.3
195 4
1, 954. 5
188.9
340.5

1, 497.0

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

-41
+101.5
+295.9

737.5
202.4
2,321. 7
211.6
360.4

„

4,700
2, 460.6
7.924. 7

2,336.4

..

4,659
2,562.1
8,220.6

3,833. 5

Number of banks i _
_
.
Capital stock (par value) *
Capital accounts 2

1955

643.1

+4.0

.2
329.8

.2
309.5

.0
+20.3

330.0

309.7

+20.3

60

REPORT OF THE COMPTROLLER OF THE CURRENCY

Earnings, expenses*and dividends^'^national
banks^for"'yearsyndedJDecZ81tw195d
and 1956—Continued
[In millions of dollars]

1956

Memoranda items:
Recoveries credited to valuation reserves (not included in recoveries above):
On securities
Onloans
Losses charged to valuation reserves (not included in losses
above):
On securities
_
Onloans
_
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

_

1955

Change
since
1955

2.9
26.8

2.1
24.8

+.8
+2.0

56.2
67.2
85.0

30.8
54.7
95.8

+25.4
+12.5
—10.8

Percent
60.95
7.87
12.88
4.01

Percent
61.25
8.12
12.59
3.91

Percent
—.30
—.25
+.29
+.10

i 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.
* 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 4,659 national banks in existence
on December 31, 1956, consisted of common capital stock aggregating
$2, 634, 403, 741, a net increase during the year of $163,987,038, and
preferred capital stock of $3,807,670, a net decrease during the year
of $358,000. These figures include two banks recently chartered but
not yet open for business, and excludes one bank converted into a
State bank and one bank consolidated with another national bank,
both at the close of business on December 31, 1956.
In addition to 54 applications with proposed common capital stock
of $15,500,000 carried over from the previous year, 69 applications
were received to organize national banks and to convert State banks
into national banking associations with proposed common capital
stock of $17,798,330. Of these applications, 33 with proposed common capital stock of $8,585,000 were approved; 23 with proposed
common capital stock of $6,415,000 were rejected; and the remainder
had been abandoned or were still pending on December 31. From
the applications carried over from the previous year and those approved during 1956, 40 national banking associations with common
capital stock of $12,185,000 were authorized to commence business.
Of the charters issued, 10 with common capital stock of $3,710,000
resulted from the conversions of State banks.
Changes in the number and capital stock of national banks during
the year ended December 31, 1956, are shown in the following
summary.




61

REPORT OF THE COMPTROLLER OF THE CURRENCY

Organization, capital stock changes, and national banks closed as reported during the
year ended Dec. 81, 1956
Number of
banks

Increases:
Banks newly chartered:
Primary organizations
Keorganizations
Conversions of State banks
_._
_
Capital stock:
Common:
232 cases by statutory sale
329 cases by statutory stock dividend
2 cases by stock dividend under articles of association.
28 cases by statutory consolidation
21 cases by statutory merger
Total increases...

Net change
Charters in force Dec. 31,1955, and authorized capital stock
Charters in force Dec. 31,1956, and authorized capital stock

Common

Preferred

$8,475,000
3,710,000
56,093,695
83,129.380
170,000
11,131,750
8,616,563
40

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)
Keceivership
Capital stock:
Common:
2 cases by statutory reduction
_.
2 cases by statutory consolidation
2 cases by statutory merger
__
Preferred:
7 cases by retirement
Total decreases-

Capital stock

171,326,388

2,584,500
495,000
25,000
140,000
3,588,500
280,000
10,350
35,000
181,000
$358,000
81

7,339,350

358,000

-41
4,700

163,987,038
2,470,416,703

-358,000
4,165,670

2,634,403, 741

3,807, 670

NATIONAL BANK NOTES OUTSTANDING

There were, as of December 31, 1956, $63,302,057 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, 1956, amounted to $251,965 million, an
increase of $8,860 million since December 31, 1955.
The total deposits at the end of 1956 amounted to $228,579 million,
an increase of $7,187 million over 1955. Included in the latter aggregate are deposits of individuals, partnerships, and corporations of
$189,999 million, an increase of $6,120 million in the year. Deposits
of the United States Government, including postal savings deposits,
were $4,158 million, a decrease of $3 million; deposits of States and
political subdivisions amounting to $13,006 million showed an increase
432389—57


62

REPORT OF THE COMPTROLLER OF THE CURRENCY

of $238 million, and deposits of banks of $17,614 million were $953
million more than in 1955.
Loans and discounts amounted to $110,632 million in December
1956 after deducting reserves of $1,785 ^million for possible future
losses. The net loans were $10,057 million over the amount reported
as of the end of 1955. Commercial and industrial loans of $38,965
million were $5,509 million more than the 1955 figure; real-estate loans
of $42,465 million were up $4,004 million, and all other loans of
$30,987 million increased $845 million.
The banks held obligations of the United States Government, direct
and guaranteed, of $66,795 million in December 1956, a decrease of
$3,515 million in the year. Obligations of States and political subdivisions held amounted to $13,637 million, and other securities held
amounted to $6,920 million, a decrease of $438 million. The total of
all securities held at the end of 1956 was $87,352 million, and represented 35 percent of the banks' total assets. At the end of the previous year the ratio was 37 percent.
Cash and balances with other banks, including reserve balances, in
1956 were $49,837 million, an increase of $1,858 million since the previous year end.
Total capital accounts were $19,350 million, compared to $18,210
million at the end of 1955, an increase of 6 percent.
A statement of the assets and liabilities of all classes of active banks
at the end of December 1955 and 1956 follows.
and liabilities of all banks in the United States and possessions, 1955 and 1956
[In millions of dollars]
Dec. 31,
1956

Number of banks

_
ASSETS

Real estate loans
Loans to banks
_
_
—
Loans to brokers and dealers in securities and other loans for the
purpose of purchasing or carrying securities
Loans to fanners directly guaranteed by the Commodity Credit
Corporation
Other loans to farmers
_
Commercial and industrial loans (including open-market paper)
Other loans to individuals
_
All other loans (including overdrafts)
Total gross loans
Less valuation reserves
Net loans.
U. S. Government obligations, direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures
_
Corporate stocks, including stocks of Federal Reserve banks
Total securities
Currency and coin
Balances with other banks, including reserve balances, and cash
items in process of collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding-.
Other assets..
Total assets



Dec. 31,
1955

Change
since
1955

14,188

14,265

-77

42,465
655

38,461
575

+4,004
H-80

4,322

5,078

-756

883
3,298
38,965
19,116
2,713
112,417
1,785
110,632

1,169
3,326
33,456
17,403
2,591
102,059
1,484
100,575

-286
-28
+5,509
+1,713
+122

66,795
13,637
5,723
1,197
87,352

70,310
13,396
6,234
1,124
91,064

3,455

2,873

46,382
2,111
61

45,106
1,898

+582
+1.276
+213
+14

133
725
1,114
251,965

124
441
977
243,105

+284
+137
+8,860

+10,358
+301
+10,057
-3,515
+241
-511
+73
-3,712

+9

63

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of all banks in the United States and possessions, 1955 and
1956—Continued
[In millions of dollars]
Dec. 31,
1956

Dec. 31,
1955

Change
since
1955

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.)

111,489
78,510
4,158
13,006
17,614
3,802

109,435
74,444
4,161
12,768
16,661
3,923

+2,054
+4,066
-3
+238
+953
-121

Total deposits

228,579

221,392

+7,187

Demand deposits
Time deposits

145,794
82,785

142,564

+3,230
+3,957

757
3,191

472
2,857

+285
+334

232,615

224,895

+7,720

50
18
4,939
9,976
3,706

51
20
4,636
9,327
3,541

-2
+303
+649
+165

_

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

.._

174

CAPITAL ACCOUNTS

Capital notes and debentures..
_
Preferred stock
Common stock
Surplus
__.
Undivided profits
Keserves and retirement account for preferred stock and capital
notes and debentures
_
Total capital accounts

_

Total liabilities and capital accounts.

661

635

+26

19,350

18,210

+1,140

251,965

243,105

+8,860

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 Kevised Statutes,
called upon to submit 4 reports of condition during the year ended
December 31, 1956. Keports were required as of April 10, June 30,
September 26, 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, 1956.
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, 1956.
In accordance with the code of law for the District of Columbia,
banks other than national in the District were required to make to the



64

REPORT OF THE COMPTROLLER OF THE CURRENCY

Comptroller condition reports and reports of earnings, expenses, and
dividends identical with those obtained from national banks during
the year.
Detailed figures from reports of condition and earnings and dividends will be found in the appendix of this report.
AFFILIATES AND HOLDING COMPANY AFFILIATES OF NATIONAL
BANKS

The Federal statute requires each national bank to obtain and submit to the Comptroller periodically reports of its affiliates, as defined
in sections 2 (b) and (c) of the Banking Act of 1933, as amended.
However, section 21 of the Federal Reserve Act, as amended, provides
in part that the Comptroller may 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 1956, 327 member national banks in the
United States submitted 369 reports of affiliates. Included in these
figures are 200 banks in 25 States which are members of 23 holding
company groups. The number of banks in each holding company
group varied from 1 to 57. The actual number of reporting affiliates
and holding company affiliates was 193.
In addition there were 2 nonnational banks in the District of Columbia which are members of the Federal Keserve System that
reported 3 affiliates to the Comptroller pursuant to the provisions of
the code of law for the District of Columbia.
ISSUE AND REDEMPTION OF NOTES

Six hundred and fifteen shipments of Federal Reserve currency,
aggregating $5,667,420,000, were made from Washington, D. C ,
during the year ended December 31, 1956, to the Federal Reserve
agents and Federal Reserve branch banks; and, in addition, 18
deliveries, aggregating $86,500,000, were made to the Treasurer of
the United States.
Four thousand five hundred and sixty lots of unfit Federal Reserve
currency, consisting of 481^606,813 notes, aggregating $5,828,177,902,
were received for verification and certification for destruction.
Thirty-eight lots of national bank notes, consisting of 175,160 notes,
aggregating $2,890,192, were received for verification and certification
for retirement and destruction.




REPORT OF THE COMPTROLLER OF THE CURRENCY

65

One hundred and eighty-three thousand, five hundred and forty-five
fragments and charred Federal Reserve and National Bank currency,
aggregating $3,039,435, were presented by the Treasurer of the United
States for identification and approval.
EXAMINATIONS CONDUCTED

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. However, the Comptroller is authorized to waive
an examination with respect to any particular bank not more frequently than once in any 2-year period. In addition to the regular
examinations, special examinations are conducted of banks the condition of which is regarded as unsatisfactory. Also, the District Code
authorizes the Comptroller to examine each nonnational bank and
trust company in the District of Columbia.
During the year ended December 31, 1956, 7,752 examinations of
banks, 5,267 examinations of branches, 1,511 examinations of trust
departments, and 17 examinations of affiliates were conducted.
Twenty-four State banks were examined in connection with consolidations and mergers with, or purchases by, national banks, and 8 State
banks were examined in connection with conversions to national
banks. Investigations were conducted in connection with applications for 46 new charters and 418 new branches.







APPENDIX

CONTENTS
TABLES
No. 1. Comptrollers and Deputy Comptrollers of the Currency since
1863_
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, 1956
No. 3. National banks chartered during the year ended December 31,
1956
No. 4. National banks chartered which were conversions of State banks
during the year ended December 31, 1956
No. 5. National banks reported in voluntary liquidation during the
year ended December 31, 1956, 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, 1956,
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, 1956, with the effective date and
the capital stock
No. 8. Purchases of State banks by national banks reported during the
year ended December 31, 1956, 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, 1956, 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, 1956, 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, 1956
No. 12. Number of branches of national banks closed during the year
ended December 31, 1956
No. 13. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, December 31, 1955 and 1956__
No. 14. Number of national banks in United States and possessions with
surplus fund equal to or exceeding common capital stock, and
the number with surplus fund less than common capital stock,
1942 to 1956
No. 15. Dates of reports of condition of national banks, 1914-1956
No. 16. Assets and liabilities of national banks on April 10, June 30,
September 26, and December 31, 1956
No. 17. Fiduciary activities of national banks as of December 31, 1956-_
No. 18. Fiduciary activities of national banks by Federal Reserve districts
as of December 31, 1956
No. 19. Classification of investments under administration by the active
national bank trust departments, December 31, 1956
No. 20. Fiduciary activities of national banks by States as of December 31,
1956
No. 21. General comparative figures of fiduciary activities
No. 22. Earnings, expenses, and dividends of national banks, by States,
for the year ended December 31, 1956
No. 23. Earnings, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended December 31, 1956
No. 24. Earnings, expenses, and dividends of national banks, by size of
banks, for the year ended December 31, 1956
No. 25. Earnings, expenses, and dividends of national banks, years ended
December 31, 1954-56
No. 26. Number of national banks, capital stock, capital funds, net
profits, dividends, and ratios, years ended December 31, 1930


g
71

72
73
75
75

76

76
77
78
82
85
90
91
92
93
97
149
151
152
152
155
156
164
167
170

70

REPORT OF THE COMPTROLLER OF THE CURRENCY

No. 27. Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years Page
1937-56
173
No. 28. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1937-56
173
No. 29. Foreign branches of American national banks, December 31, 1956. 174
No. 30. Consolidated statement of assets and liabilities of foreign branches
of national banks, December 31, 1956
175
No. 31. Assets and liabilities of banks in the District of Columbia by
classes, December 31, 1956
176
No. 32. Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended December 31, 1956
178
No. 33. Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during year ended December 31,
1956
179
No. 34. Earnings, expenses, and dividends of banks in the District of
Columbia, years ended December 31, 1956 and 1955
180
No. 35. 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, 1930-56
182
No. 36. 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 1937-56
183
No. 37. 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 1937-56
184
No. 38. Fiduciary activities of banks in the District of Columbia, December 31, 1956
185
No. 39. Assets and liabilities of all active banks in the United States and
possessions, by classes, December 31, 1956
186
No. 40. Assets and liabilities of all active banks in the United States and
possessions, by States and Territories, December 31, 1956
188
No. 41. Assets and liabilities of active national banks, by States and
Territories, December 31, 1956
196
No. 42. Assets and liabilities of all active banks other than national by
States and Territories, December 31, 1956
204
No. 43. Assets and liabilities of active State commercial banks, by States
and Territories, December 31, 1956
212
No. 44. Assets and liabilities of active mutual savings banks, by States
and Territories, December 31, 1956
220
No. 45. Assets and liabilities of active private banks, by States and
Territories, December 31, 1956
225
No. 46. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, December 31,
1956
229
No. 47. Officials of State banking departments and number of each class
of active banks in December 1956
231
No. 48. Assets and liabilities of all active banks, December 31, 1936 to
1956
233
No. 49. Assets and liabilities of all active national banks, December 31,
1936 to 1956
234
No. 50. Assets and liabilities of all active banks other than national,
December 31, 1936 to 1956
235
No. 51. 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,
1956
236
No. 52. Number and deposits of national and District of Columbia nonnational banks placed in receivership, period April 14, 1865, to
December 31, 1956, by groups according to percentages of
dividends paid to December 31, 1956
238
No. 53. National bank in charge of receiver during the year ended December 31, 1956
240
No. 54. National bank placed in charge of receiver during year ended
December 31, 1956
241
No. 55. Bank suspensions since inauguration of Federal deposit insurance,
 years ended December 31, 1934 to 1956
242


REPORT OF THE COMPTROLLER OF THE CURRENCY

71

TABLE N O . 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
Name

No.

Date of appointment

Date of resignation

State

COMPTROLLERS OF THE CURRENCY

McCullocb, 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.

9,1863 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, Marshall R
Oppegard, G. J
Upham, C. B
Mulroney, A. J
McCandless, R. B
Sedlacek, L. H
Robertson, J. L
Hudspeth,J. W
Jennings, L. A
Taylor, W. M
Garwood, G. W
i Term expired.
'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
2
Mar. 2,1923
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.

72

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.
214), and in existence Dec. 31, 1956

Organized

Location

Maine
New Hampshire
Vermont .
Massachusetts
Rhode Island

Consolida- Mergers
tions under
under sees. 4
sees. 1, and 5
2, and 3

127
80
85
372
67
125

5
3
3
27

3
8

856

Public Law 706
(12 U. S. C. 214)

Insol- In liquivent dation

Merged
Con- or converted solidated
to State with
State
banks
banks

In existence

Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida . . .
Alabama

Mississippi
Louisiana
Texas .
Arkansas
Kentucky
Tennessee
_
Total Southern States
Ohio —
Indiana
Illinois.
Michigan.
Wisconsin
Minnesota
Iowa _
Missouri
Total Middle Western States_

Total Western States




79
22
29
206
57
67

49

3

72

460

5

267

90
31
72

15
2

130
59
211
1
17
7

435
146
457
18
64
12

4

35
7
26
3
2

289
174
510
8
56
8

2,903

200

24

425

1,132

4

73

1,045

252
192
155
126
189
179
181
82
113
1,205
149
248
213

18
11
5
7
8
2
4
5
3
42
1
10
7

1

28
38
44
43
42
42
45
16
16
141
39
37
36

74
67
58
49
86
41
62
34
53
569
55
110
94

3,284

123

2

567

1,352

701
438
932
322
274
493
548
295

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

2

13
5
17
28
2
7

998
419
1,283
30
141
32

_ _
_

Total New England States.._

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
_
New Mexico
Oklahoma

Consolidated
and merged
under act Nov.
7,1918, as
amended

30
12
17
11
9
7
4
11

1

1

112
98
227
77
54
116
204
58

327
204
293
154
115
192
242
147

4,003

101

5

946

1,674

259
220
405
447
195
62
218
87

3
12
1
5
3

118
81
198
196
76
25
83
36
453

38
34
123
170
40
25
76
26
197

1,266

729

1

7

2
5

1

3

746

12

100
93
83
76
76
12
55
25
84

2,639

40

604

4

2
3

30
.50
34
110
5
38

1
2

1

132
76
47
27
52
94
69
27
41
451
54
89
73

6

2

1,232

2

229
123
393
75
96
178
96
76

1
1

2

2
2
2
2
6

5

1,266

73

REPORT OF T H E COMPTROLLER OF T H E 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)y and in existence Dec. 31, 1956—Continued

Organized

Location

Washington
Oregon.
California
Idaho._
Utah
Nevada
Arizona

Consolidated
and merged
under act Nov.
7,1918, as
amended
Consolida- Mergers
tions under
under sees. 4
sees. 1, and 5
2, and 3

228
148
528
110
38
17
31

18
2
18

_._

1,100

44

Alaska
The Territory of H a w a i i .
Puerto Rico
Virgin Islands of the United States..

g
6
1
1

_

Total Pacific States.

Public Law 706
(12 U. S. C. 214)
Insol- In liquivent dation

1
1
6

4
1
1
8

Converted
to State
banks

51
30
65
35
6
4
6

131
102
380
65
19
8
21

197

726

Merged
or consolidated
with
State
banks

1

1
1

2

27
12
49
10
7
3
3

1
9

1

In existence

12

111

1

1
4
1

7
1

16

1

6

9

Total United States and possessions
114,801

558

42 2 2,811 3 6,616

Total possessions

1

18

97

4,659

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 4,934 under Act Mar. 14,1900.
2
Exclusive of those restored to solvency.
«Includes 208 passed into liquidation upon expiration of corporate existence.
TABLE N O . 3.—National banks chartered during the year ended Dec. 81, 1956
Charter
No.

Title and location of bank

Capital
stock
(common)

CALIFORNIA

14768

Central Valley National Bank, Oakland 1
FLORIDA

14766
14767
14770
14771
14774
14775
14783
14791
14792
14793
14796
14797

First National Bank of Crestview
_._
First National Bank at Winter Park i
First National Bank of Naples
Boulevard National Bank of Miami
Delray Beach National Bank, Delray Beach._.
Southern National Bank of Fort Walton Beach
The First National Bank of Eustis___
Miami National Bank, Miami
The City National Bank of Coral Gables
The First National Bank in Plant City
Commerce National Bank in Lake Worth
Florida National Bank at Brent

$1,250,000
175,000
250,000
175,000
600,000
300,000
100,000
150,000
900,000
500,000
300,000
350,000
200,000
4,000,000

Total (12 banks)
GEORGIA

14785

200,000

Augusta National Bank, Augusta
ILLINOIS

14769
14789

First National Bank in Taylorville
Mid-America National Bank of Chicago
Total (2 banks)...

See footnote at end of table.




150,000
500,000
650,000

74

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1956—Con.
Charter
No.

14799

Capital
stock

Title and location of bank

(common)

IOWA

City National Bank of Cedar Rapids

_

_

$200,000

MASSACHUSETTS

14798
14773

Granite National Bank of Quincy *

1,000,000

_
MICHIGAN

375,000

National Bank of Royal Oak..
MINNESOTA

14790

First Southdale National Bank of Edina

14786

First National Bank in Alamogordo

14763
14800

_

The Eastern National Bank of Smithtown_
Ellenville National Bank, Ellenville

_

100,000

NEW MEXICO

_

200,000

NEW YORK

_

„

Total (2 banks)..

500,000
400,000
900,000

NORTH CAROLINA

14780

First National Bank of Raleigh l

_

200,000

PENNSYLVANIA

14764

Citizens National Bank of Beaver Falls. _

200,000

SOUTH CAROLINA

14784

Carolina National Bank of Easley*

300,000

SOUTH DAKOTA

14781
14762
14765
14776
14777
14778
14779
14787
14788
14794

14795

The Western National Bank of Rapid City..

_

100,000

TEXAS

Gonzales National Bank, Gonzales
First National Bank of Dumas
The Harlingen National Bank, Harlingen i
Long National Bank of Stafford
First Point National Bank of Houston
Montrose National Bank of Houston _
First National Bank in Center i
First National Bank of Andrews L __
Kelly Field National Bank of San Antonio
Total (9 banks),.

VIRGINIA

Warwick National Bank, Warwick

_
_

_

100,000
150, 000
300,000
250,000
100,000
500,000
50,000
200,000
300,000
1,950,000
200,000

WASHINGTON

14782

Kennewick First National Bank, Kennewick

200,000

WEST VIRGINIA

14772
14801

Ohio Valley National Bank of Vienna i
WISCONSIN

National Bank of Boyceville 1
Total United States (40 banks)

1

Conversion of State-chartered bank.




100,000
60,000
12,185,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

75

TABLE NO. 4.—National banks chartered which were conversions of State banks
during the year ended Dec. 31, 1956

Charter
No.

Title and location of bank

14767
14768

First National Bank at Winter Park__
Central Valley National Bank, Oakland.
Ohio Valley National Bank of Vienna.
The Harlingen National Bank, Harlingen.
First National Bank of Raleigh_
Carolina National Bank of Easley
First National Bank in Center
First National Bank of Andrews
Granite National Bank of Quincy
National Bank of Boyceville.
_

14772
14776
14780
14784
14787
14788
14798
14801

State

CaliL.
W. Va_
Texas. _
N. C

s. c.
Texas..
do..
Mass._-

Total (10 banks) _

Effective
date of
charter

Authorized
capital

Approximate
Approxisurplus
mate
and undivided
profits

Mar. 1 $250,000 $599,055 $17,267,992
. - d o — . 1,250,000 1,107,125 35,515,049
Apr. 2
Apr. 16
June
July
Aug.
do.
Dec.
Dec.

100,000
300,000

45,153
219, 743

1,376,681
8,444,394

200,000
478,990 6,832,672
300,000
269,815 4,632,042
50, 000
162,221 2, 514, 623
200,000 301,168 4,928,088
12 1, 000, 000 2, 299,300 37,487,343
199, 934 1, 542,201
31
60,000
22
31
31

3,710,000 5,682,504 120,541,085

TABLE NO. 5.—National banks reported in voluntary liquidation during the year
ended Dec. 31, 1956, the names of succeeding banks in cases of succession, with
date of liquidation and capital stock
Title and location of bank
Commercial National Bank, Knoxville, Tenn. 1 (14485), absorbed by The
Hamilton National Bank of Knoxville
The Maytown National Bank, Maytown, Pa. (9461), absorbed by The Union
National Mount Joy Bank, Mount Joy, Pa
West Seattle National Bank of Seattle, Wash. (14548), absorbed by The National Bank of Commerce of Seattle
The First National Bank of Lone Wolf, Okla. (10096), absorbed by First State
Bank, Lone Wolf
The First National Bank of Farmingdale, N. J. (10840), absorbed by The
Freehold Trust Company, Freehold, N. J.___
The First National Bank of Harmony, Minn. (8683), absorbed by Harmony
State Bank, Harmony
The First National Bank of Weedsport, N. Y. (11020), absorbed by First
Trust & Deposit Company, Syracuse, N. Y
The First National Bank of Cottonwood, Idaho (7923), absorbed by The
Idaho First National Bank, Boise, Idaho
The First National Bank of Wallingford, Conn. (2599), absorbed by The
Union and New Haven Trust Company, New Haven, Conn
The National Deposit Bank of Brownsville, Pa. (2457), absorbed by Gallatin
National Bank, Uniontown, Pa
First National Bank of Castle Shannon, Pa. (9128), absorbed by Fidelity
Trust Company of Pittsburgh, Pa
The Staunton National Bank, Staunton, Va. (6903), absorbed by The Augusta
National Bank of Staunton
The First National Bank of Clarendon, Texas (5463), absorbed by The Farmers State Bank of Clarendon
The First National Bank of Springfield, N. J. (12830), absorbed by The National State Bank of Elizabeth, N. J
The First National Bank of Mount Vernon, Wash. (4529), absorbed by The
National Bank of Commerce of Seattle, Wash
The National Bank of East Stanwood, Wash.2 (13439), absorbed by SeattleFirst National Bank, Seattle, Wash
The First National Bank of Mays Landing, N . J. (8582), absorbed by The
Boardwalk National Bank of Atlantic City, N. J
The First National Bank of Parkston, S. Dak. (7662)
The Peoples National Bank of Clintonville, Pa. (9154), absorbed by Oil City
National Bank, Oil City, Pa
Pasadena-First National Bank, Pasadena, Calif. 3 (12385), absorbed by The
United States National Bank of San Diego, Calif
The First National Bank in Fort Kent, Me. (14224), absorbed by Northern
National Bank of Presque Isle, Me
The Western National Bank of Baltimore, Md. (1325), absorbed by The First
National Bank of Baltimore
Total (22 banks)..
1 With 1 branch in Knoxville.
2 With 1 branch each in Silvana and Darrington.

3 With 2 branches in Pasadena.



Date of
liquidation

Capital
stock
(common)

Jan.

5,1956

Feb.

1,1956

50,000

Jan. 27,1956

100,000

Dec. 31,1955

$500,000

25,000

16,1956

100,000

Feb. 18,1956

45,000

Feb.

Mar. 16,1956

25,000

Mar. 17,1956

100,000

Apr. 17,1956

200,000

Apr. 28,1956

50,000

Apr. 27,1956

50,000

May 19,1956

100,000

Apr. 20,1956

50,000

8,1956

137,500

July 13,1956

100,000

Aug. 17,1956

200,000

Aug. 31,1956
Oct. 26,1956

57,000
25,000

June

Oct. 13,1956

40,000

Dec.

7,1956

Dec.

8,1956

100,000

Dec. 28,1956

750,000

300,000

3,104,500

76

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE 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 Aug. 17, I960,
and the laws of the States where the banks are located, during the year ended Dec.
31, 1956, with the effective date and the capital stock
Title and location of bank
The First National Bank of Marcellus, N. Y. (9869), merged with and into
First Trust & Deposit Company, Syracuse, N. Y
The New Castle County National Bank of Odessa, Del. (1281), merged with
and into Equitable Security Trust Company, Wilmington, Del
Carthage National Exchange Bank, Carthage, N. Y. (13584), merged with
and into The Northern New York Trust Company, Watertown, N. Y
The Wheatley Hills National Bank of Westbury, N. Y. (11730), merged with
and into Hempstead Bank, Hempstead, N. Y.
Peoples National Bank of Secaucus, N. J. (14151), merged with and into The
Trust Company of New Jersey, Jersey City, N. J
First National Bank in Orosi, Calif. (13465), merged with and into First
Western Bank and Trust Company, San Francisco, Calif
The Stewart National Bank of Livonia, N. Y. (13006), merged with and into
Security Trust Company of Rochester, N. Y
The First National Bank of Pennington, N. J. (5718), merged with and into
The Trenton Banking Company, Trenton, N. J
The First National Bank of Jonesboro, Tenn. (4715), merged with and into
The Peoples Bank, Johnson City, Tenn., and under the title "First Peoples
Bank'"
The Cleves National Bank, Cleves, Ohio (13774), merged with and into The
Central Trust Company, Cincinnati, Ohio
The Hopewell National Bank, Hopewell, N. J. (4254), merged with and into
Princeton Bank and Trust Company, Princeton, N. J
,__
The National Bank of Phelps, N. Y. (14267), merged with and into Security
Trust Company of Rochester, N. Y
The First National Bank of Greenwood, N. Y. (8058), merged with and into
Security Trust Company of Rochester, N. Y
The Birmingham National Bank, Birmingham, Mich.* (13703), Ferndale
National Bank, Ferndale, Mich. (14500), and Detroit Wabeek Bank and
Trust Company, Detroit, Mich., merged with and into The Detroit Bank,
Detroit, Mich., and under the title "The Detroit Bank and Trust ComThe First National Bank of Richfield Springs, N. Y. (2651), merged with and
into State Bank of Albany, N. Y
Merchants National Bank & Trust Company of Poughkeepsie, N. Y. (1380),
merged with and into Poughkeepsie Trust Company, Poughkeepsie and
under the title "Dutchess Bank & Trust Company"
The Farmers National Bank of Bucks County, Bristol, Pa.* (717), and Roosevelt Bank, Philadelphia, Pa., merged with and into Fidelity-Philadelphia
Trust Company, Philadelphia, Pa
The Wernersville National Bank and Trust Company, Wernersville, Pa.
(8131), merged with and into Peoples Trust Company of Wyomissing, Pa..

Effective
date

Capital
stock

Feb.

3,1956

Feb.

10,1956

100,000

Mar. 5,1956

200,000

Apr.

2,1956

160,000

Mar. 29,1956

100,000

May 4,1956
Apr.

$50,000

75,000

2,1956

100,000

June 1,1956

250,000

June 25,1956

75,000

July

2,1956

50,000

June 29,1956

100,000

June 4,1956

50,000

July

2,1956

25,000

Aug. 31,1956

666,000
375,000

Sept. 21,1956

150,000

Oct. 11,1956

250,000

Nov. 9,1956

687,500

Nov. 30,1956

Total (19 banks).

125,000
3, 588,500

* With 1 branch in Birmingham.
2 With 1 branch each in Andalusia, Bristol, Croydon, Fairless Hills, and Levittown.

TABLE NO. 7.—National banks converted into State banks under the provisions of
Public Law 706 (12 U. S. C. 214), approved Aug. 17, 1950, and the laws of the
States where the banks are located, during the year ended Dec. 81, 1956, with the
effective date and the capital stock
Title and location of bank

Effective
date

The First National Bank of Linden, Tenn. (10181), converted into First State
Bank, Linden
__
Apr. 17,1956
The Citizens National Bank of Trenton, Tenn. (12438), converted into Citizens State Bank, Trenton
_
July 2,1956
The First National Bank of Coolidge, Tex. (7231), converted into First State
Bank, Coolidge
Dec. 31,1956
Total (3 banks).




Capital
stock
(common)

$40,000
50,000
60,000
140,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

77

TABLE NO. 8.—Purchases of State banks by national banks reported during the year
ended Dec. 81, 1956, with title, location, and capital stock of the State banks and
effective dates of purchase
Title and location of bank
The Home National Bank, of Eureka, Kans. (7303), purchased Neal State Bank,
Neal, Kans...
The First National Bank of Mount Carmel, Pa. (3980), purchased Dime Deposit
Bank and Trust Company, Kulpmont, Pa
_
___
_..
Peoples National Bank of Washington, Seattle, Wash. (14394), purchased Vashon
State Bank, Vashon, Wash
_...
The First National Bank of Everett, Wash. (4686), purchased Marysville State
Bank, Marysville, Wash
_.
The Lincoln County National Bank of Stanford, Ky. (5132), purchased Stanford
State Bank, Stanford
The National Bank of Commerce of Seattle, Wash. (4375), purchased State Bank of
Clarkston, Wash
_
The Citizens National Bank in Eureka, Kans. (14329), purchased Virgil State
Bank, Virgil, Kans
_._.
First National Bank and Trust Company of Paterson, N. J. (329), purchased
Linares and Rescigno Bank, Paterson
The National Bank of Commerce of Seattle, Wash. (4375), purchased Skagit Valley
State Bank, Sedro Woolley, Wash
Oil City National Bank, Oil City, Pa. (14274), purchased Citizens Banking Company, Oil City
—
_
The Citizens National Bank of Chillicothe, Ohio (5634), purchased Merchants and
Farmers Bank, Frankfort, Ohio
First Security Bank of Utah, National Association, Ogden, Utah (2597), purchased
Commercial Bank of Utah, Spanish Fork, Utah
The Lincoln County National Bank of Stanford, Ky. (5132), purchased Crab
Orchard Banking Company, Crab Orchard, Ky
First Security Bank of Utah, National Association, Ogden, Utah (2597), purchased
Uintah State Bank, Vernal, Utah
__.
The First National Bank of Danville, Pa. (325), purchased Montour County Trust
Company, Danville
The First National Bank of Ottawa, Kansas (1718), purchased State Bank of
Ottawi
The First National Bank of Miamisburg, Ohio (3876), purchased Citizens Bank of
Farmersville, Ohio
_
_
Western Pennsylvania National Bank, McKeesport, Pa. (2222), purchased Washington Trust Company, Pittsburgh, Pa
_
The Idaho First National Bank, Boise, Idaho (1668), purchased Bank of Orofino,
Idaho
Seattle-First National Bank, Seattle, Wash. (11280), purchased Washington State
Bank, Snoqualmie, Wash
The Howard National Bank and Trust Company, Burlington, Vt. (1698), purchased Enosburg Falls Savings Bank and Trust Company, Enosburg Falls, Vt_.
First Security Bank of Idaho, National Association, Boise, Idaho (14444), purchased First Bank of Culdesac, Idaho
_
Total (22 banks).

432389—57

Effective
date

Capital
stock

Jan. 31

$20,000

...do
Feb. 29

125,000

Mar. 9

50,000

25,000

Mar. 17

40,000

May 19

60,000

May 22

10,000

June 1

160,000

June 16

100,000

June 30

102,000

July 31

40,000

Aug. 24

633,000

Sept. 19

25,000

Sept. 28

75,000

Sept. 29

125,000

Nov. 10

50,000

Dec. 1

25,000

—do
...do

1,250,000
25,000

Dec. 31

600,000

...do.....

50,000

...do.....

15,000
3,605,000

6




78

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. SI, 1956, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended
Capital
stock
The Columbia County National Bank of Benton, Pa.
(6328), with
and The Farmers National Bank of Orangeville, Pa.
(11058), which had
consolidated Jan. 14,1956, under charter of the latter
bank (11058), and title "The Columbia County
Farmers National Bank of Orangeville." The consolidated bank at date of consolidation had
The Cornwall National Bank, Cornwall, N. Y. (10084),
with
and County National Bank, Middletown, N . Y.
(13956), which h a d . . .
consolidated Jan. 27, 1956, under charter and title of
the latter bank (13956). The consolidated bank at
date of consolidation had
%
The Andover National Bank, Andover, N . Y. (13909),
with
-.
and The Citizens National Bank of Wellsville, N . Y.
(4988), which had
consolidated Jan. 31, 1956, under charter and title of
the latter bank (4988). The consolidated bank at
date of consolidation had
Anglo California National Bank, San Francisco, Calif.1
(9174), with
and Crocker First National Bank of San Francisco,
Calif. (1741), which had
consolidated Feb. 10,1956, under charter of the latter
bank (1741), and title "Crocker-Anglo National
Bank." The consolidated bank at date of consolidation had
First National Bank in Houston, Texas (13683), with.-and The City National Bank of Houston, Texas
(13943), which had
consolidated Mar. 30,1956, under charter of the latter
bank (13943), and title "First City National Bank
of Houston." The consolidated bank at date of
consolidation had
State National Bank of Corpus Christi, Texas (12235),
with
__.
and The Corpus Christi National Bank, Corpus
Christi, Texas (4423;, which had
consolidated Apr. 20,1956, under charter of the latter
bank (4423), and title "Corpus Christi State National Bank." The consolidated bank at date of
consolidation had
The Valley National Bank of Numidia, Pa. (11981),
with
and The Catawissa National Bank, Catawissa, Pa.
(7448), which had
consolidated Apr. 26,1956, under charter of the latter
bank (7448), and title "Catawissa-VaUey National
Bank." The consolidated bank at date of consolidation had
The First National Bank of Schellsburg, Pa. (10666),
with
and The First National Bank in Bedford, Pa. (14284),
which had
consolidated May 19,1956, under charter and title of
the latter bank (14284). The consolidated bank at
date of consolidation had
Ramapo Trust Company, Spring Valley, N . Y. 2, with-.
First National Bank and Trust Company of Pearl
River, N . Y. (10526), with
and The Suffern National Bank and Trust Company,
Suffern, N . Y. (5846), which had
consolidated May 31, 1956, under charter of the lastnamed bank (5846), and title "Rockland National
Bank, Suffern." The consolidated bank at date of
consolidation had
Roanoke Bank & Trust Company, Roanoke Rapids,
N . C. 3, with
and The Planters National Bank & Trust Company
of Rocky Mount, N . C. (10608), which had
consolidated June 9, 1956, under charter and title of
the latter bank (10608). The consolidated bank at
date of consolidation had
_

See footnotes at end of table.




Surplus

Undivided
profits

Assets

$50,000

$150,000

$57,188

$2,194,687

50,000

150,000

88,888

3,056,484

100,000

300,000

146,076

5,251,171

50,000

50,000

82,079

3,662,136

310,000

690,000

253,056

15,113,487

360,000

740,000

335,135

18,775,623

75,000

75.000

28.656

1,575,138

160,000

200.000

166,124

5,407,377

315,000

315,000

74,780

6,982,515

26,655,000

26.655,000

11,824,830

926,720,926

8,343,750

19,156,250

4,525,617

467,819,348

38,670,000
10,000,000

41,330,000
10,000,000

10.000.000

10,000,000

2,653,856

389,374,909

21,000.000

20,000,000

4,102,858

651,252,072

500,000

1,000,000

541,975

33,438,586

750,000

1,250,000

824,836

58,106,568

2,500,000

2,500,000

1,406,811

91,395,297

50.000

50,000

15, 740

1,138,313

75,000

100,000

71, 486

2, 428,328

125.000

150,000

87,226

3,566,641

50,000

50,000

32,715

1,593,590

200,000

200,000

106,433

5, 723,170

240,000
300,000

260,000
450,000

139,148
61,285

7,316,760
9,681,992

210,000

320,000

165

8,200,901

500,000

500,000

254,531

15,493,572

1,010,000

1,270,000

315,982

33,376,466

50,000

250,000

109,522

5,258,393

350,000

650,000

360,831

19,518,105

600,000

700,000

470,353

24, 776,497

17,160,447 1,393,791,196
2,449,003 279,143,468

REPORT OF THE COMPTROLLER OF THE CURRENCY

79

TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1956, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
Central Valley National Bank, Oakland, Calif.«(14768),
with
$1,250,000
and The First National Bank of Oroville, Calif. (6919),
which had
255,000
consolidated June 15,1956, under charter of the latter
bank (6919), with title "Central Valley National
Bank" and location Oakland. The consolidated
bank at date of consolidation had
1,760,000
The First National Bank of Green Lane, Pa. (14214),
with
50,000
and Union National Bank and Trust Company of
Souderton, Pa. (2333), which had
300,000
consolidated June 29, 1956, under charter and title of
the latter bank (2333). The consolidated bank at
date of consolidation had
368, 750
The Macedonia-Northfield Banking Company, Northfield, Ohio, with
100,000
The Clinton Savings Bank Company, Clinton, Ohio,
with
40,000
and First National Bank of Akron, Ohio (14579),
which had
3,640,000
consolidated June 30,1956, under charter and title of
the last-named bank (14579). The consolidated
bank at date of consolidation had
4,000,000
First National Bank of Braddock, Pa. (13866), with — .
300,000
and The First National Bank of McKeesport, Pa.
(2222), which had
2,193, 750
consolidated July 14,1956, under charter of the latter
bank (2222), and title "Western Pennsylvania
National Bank, McKeesport." The consolidated
2,531,250
bank at date of consolidation had
The Keyport Banking Company, Keyport, N . J., with.
100,000
and The Second National Bank of Red Bank, N . J.
(2257), which had
520,000
consodilated Aug. 17,1956, under charter of the latter
bank (2257), and title "The Monmouth County
National Bank, Red Bank." The consolidated
bank at date of consolidation had
710,000
University Bank, Alfred, N . Y., with
25,000
and The Citizens National Bank of Wellsville, N . Y.
(4988), which had
315,000
consolidated Aug. 31, 1956, under charter and title of
the latter bank (4988). The consolidated bank at
360,000
date of consolidation had
Merrimack National Bank of Haver hill, Mass.5 (14266),
350,000
with
and The Andover National Bank, Andover, Mass.
350,000
(1129), which had
consolidated Sept. 21,1956, under charter of the latter
bank (1129), and title "The Andover and Merrimack National Bank of Haverhill." The con700,000
solidated bank at date of consolidation had
100,000
Hingham Trust Company, Hingham, Mass., with
and The Brockton National Bank, Brockton, Mass.
600,000
(2504), which had
consolidated Sept. 28,1956, under charter of the latter
bank (2504), and title "National Bank of Plymouth
County." The consolidated bank at date of con750,000
solidation had
100,000
Depositors Bank, Lynchburg, Va., with
and The Peoples National Bank & Trust Company
500,000
of Lynchburg, Va. (2760), which had
consolidated Sept. 28, 1956, under charter and title of
the latter bank. The consolidated bank at date
of consolidation had
580,000
First National Bank in Garfield, N . J.e (13946), with__.
500,000
and The Rutherford National Bank, Rutherford,
N. J. (5005), which had
750,000
consolidated Sept. 28,1956, under charter of the latter
bank (5005), and title "National Community Bank
of Rutherford." The consolidated bank at date of
consolidation h a d . . .
2,000,000

See footnotes at end of table.




Undivided
profits

$853,179

Assets

$328,769 $36,856,208

355,000

391,883

15,236,839

953,179

720,652

52,093,047

100,000

25,907

1,724,744

1,000,000

347,714

11,905,035

1,100,000

354,871

13,629,779

65,000

27,994

2,910,557

80,000

36,296

1,657,472

5,500,000

2,890,605

219,065,041

6,000,000
500,000

2,579,895
125,135

223,633,070
11,622.751

3,806,250

1,900,779

95,851,657

4,468,750
200,000

1,825,914 106,224,409
196, 415
8,310,688

520,000

569,150

26,869, 777

710,000
70,000

709,033
23,614

35,208,712
1,450,756

315,000

89,012

7,225,452

360,000

117,626

8,676,208

450,000

107, 722

10,351, 421

300,000

109,005

11,479, 533

700,000
100,000

266, 727
120,691

21,830,954
4,332,368

600,000

539,370

26,371,906

750,000
100,000

560,061
72,824

30,704,274
1,923,637

600,000

433,577

20,919,546

720,000
500,000

494,401
133,941

22,843,184
19,927,219

1,000,000

1,305,478

50,675,962

1,500,000

611,624

70,663,287

80

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, 1956, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
The First National Bank of South River, N. JJ (6179),
with
and The First National Bank of Jamesburg, N . J.
(288), which had
consolidated Oct. 19,1956, under charter of the latter
bank (288), and title "The First National Bank of
South River." The consolidated bank at date of
consolidation had
The Farmers and Merchants Bank of Sharpsburg, Pa.,
with
and Western Pennsylvania National Bank, McKeesport. Pa. (2222), which had
consolidated Oct. 19, 1956, under charter and title of
the latter bank (2222). The consolidated bank at
date of consolidation had
The First National Bank of Englishtown, N . J. (7223),
with
and The Monmouth County National Bank, Red
Bank, N . J. (2257), which had
consolidated Oct. 19, 1956, under charter and title of
the latter bank (2257). The consolidated bank at
date of consolidation had
The Annville National Bank, Annville, Pa. (2384),
with
Palmyra Bank and Trust Company, Palmyra, Pa.,
with
and Lebanon National Bank, Lebanon, Pa. (680),
which had
consolidated Oct. 31, 1956, under charter of the lastnamed bank (680), and title "Lebanon Valley National Bank." The consolidated bank at date of
consolidation had
The National State Capital Bank of Concord, N . H.
(758), with
and First National Bank of Concord, N . H. (318),
which had
consolidated Nov. 9, 1956, under charter of the latter
bank (318), and title "Concord National Bank."
The consolidated bank at date of consolidation had_
The Second National Bank of Somerville, N. J. (4942),
with
and The First National Bank of Bound Brook, N. J.
(3866), which had
consolidated Nov. 30,1956, under charter of the latter
bank (3866), and title "The First National Bank
of Somerset County, Bound Brook, N. J." The
consolidated bank at date of consolidation had
The Havre de Grace Banking & Trust Company,
Havre de Grace, Md., with
and The First National Bank of Havre de Grace, Md.
(3010), which had
consolidated Nov. 30,1966, under charter of the latter
bank (3010), and title "First National Bank &
Trust Co., Havre de Grace, Md." The consolidated bank at date of consolidation had
The First National Bank of Port Jervis, N . Y. (94),
with
and County National Bank, Middletown, N . Y.
(13956), which had
consolidated Dec. 7, 1956, under charter and title of
the latter bank (13956). The consolidated bank at
date of consolidation had
Carolina Savings Bank, Charleston, S. C 8 , with
and The First National Bank of South Carolina of
Columbia, S. C. (13720), which had
consolidated Dec. 20, 1956, under charter and title of
the latter bank (13720). The consolidated bank at
date of consolidation had
National Bank of Clementon, N. J. (14006), with
and The Laurel Springs National Bank, Laurel
Springs, N. J. (12022), which had
consolidated Dec. 28,1956, under charter of the latter
bank (12022) and title "Peoples National Bank of
Laurel Springs." The consolidated bank at date
of consolidation had
_...

See footnotes at end of table.




Surplus

Undivided
profits

Assets

$550,000

$510,000

$153,061

$22,473,886

50,000

180,000

38,179

4,015,016

712,500

690,000

78,741

26,488,902

100,000

250,000

104,571

2, 531,250

4,468,750

2, 296,283

111, 270, 572

2,656,250

5,343,750

1,750,855

116,249,882

42,500

97,500

74,072

2,477,760

710,000

710,000

762,732

35,271,019

782, 250

782,250

832.796

37,756,170

200,000

400,000

231,955

6,193,651

150,000

500,000

371,271

6,149,704

225,000

525,000

533,379

13, 272,732

575,000

1,425,000

1,136,605

25,616,087

250,000

650,000

242,059

9,317,262

150,000

600,000

392,706

10,656, 588

450,000

1,250,000

584,765

19,973,851

150,000

350,000

261,^437

11,022,625

500,000

700,000

144,192

20,031,515

762,500

1,050,000

293,129

31,054,140

50,000

100,000

14,828

2,414,872

50,000

200,000

39,600

3,226,261

200,000

200,000

54,429

5,641,133

200,000

250,000

134,954

4,542,659

360,000

740,000

312,313

20,427,698

650,000
300,000

1,000,000
400,000

369,814
373,431

24,992,319
13,109,393

1,100,000

1,150,000

653,788

47,090,349

1, 514,500
50,000

1,514,500
200,000

470,478
55,179

59,512,894
2,930,542

50,000

125,000

225,000

200,000

4,979,310

3,456,680

95,847

6,387,222

REPORT OF THE COMPTROLLER OF THE CURRENCY

81

TABLE N O . 9.—Consolidations of national banks} or national and State banks,
during the year ended Dec. 31, 1956, under sections 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
The Liberty Banking Company, Fremont, Ohio, with.
and The National Bank of Fremont, Ohio (13997),
which had
consolidated Dec. 29,1956, under charter of the latter
bank (13997), and title "The Liberty National
Bank of Fremont." The consolidated bank at date
of consolidation had
The First National Bank of Olathe, Colo. (9719), with.
and The First National Bank of Montrose, Colo.
(4007), which had
consolidated Dec. 31, 1956, under charter and title
of the latter bank (4007). The consolidated bank
at date of consolidation had
The Central National Bank of Freehold, N . J. (4182),
with
and The First National Bank of Freehold, N . J.
(452), which had
consolidated Dec. 31, 1956, under charter and title of
the latter bank (452). The consolidated bank at
date of consolidation had
Day Trust Company, Boston, Mass., with
and The Merchants National Bank of Boston, Mass.
(475), which had
consolidated Dec. 31,1956, under charter and title of
the latter bank (475). The consolidated bank at
date of consolidation had

Surplus

Undivided
profits

Assets

$50,000

$165,000

$70,604

$3,076,805

250,000

250,000

140,377

8,045,187

360,000
50,000

360,000
50,000

205,981
43,217

11,121,992
1,474,029

100,000

100,000

331,422

5, 908, 212
7,382,241

125,000

225,000

324,639

200,000

200,000

50,023

6, 987,886

300,000

500,000

80, 211

14,051,823

700,000
1,250,000

500,000
1,500,000

130,233
982,453

21,039, 710
24,218,113

3,500,000

9,000,000

2,086,485

178,439, 410

4,525,000

10,475,000

3,318,938

202,657,523

1 With 11 branches in San Francisco, 4 in Sacramento, 2 each in Bakersfield, Eureka, and Oakland, and
1 each in Arcata, Berkeley, Carmichael, Chico, Colusa, Concord, Fair Oaks, Fresno, Hanford, Hayward,
Lemoore, Maxwell, Merced, Modesto, Oildale, Palo Alto, Pittsburg, Red Bluff, Redding, San Jose, South
San Francisco, Stockton, Taft, Vallejo, West Sacramento, and Yreka.
2 With 1 branch in Monsey.
* With 1 branch in Roanoke Rapids.
* With 2 branches each in Manteca and Richmond, and 1 each in El Cerritto, Escalon, Hughson, Newark,
Novato, Oakley, and Parlier.
« With 1 branch each in Merrimac and Georgetown.
« With 1 branch in East Paterson.
i With 1 branch in Spotswood.
s With 2 branches in Charleston.




82

REPORT OF THE

COMPTROLLER OF THE

CURRENCY

TABLE NO. 10.—Mergers of national banks, or national and State banks, during
the year ended Dec. 31, 1956, under sections 4 o/nd 5 of the act of Nov. 7, 1918,
as amended
Capital ]
stock
The Coos Bay National Bank of Marshfield, Coos
Bay, Ore. (12077), with
and The United States National Bank of Portland,
Ore. (4514), which had
merged Jan. 21, 1956, under charter and title of the
latter bank (4514). The merged bank at date of
merger had.__
__
Citizens Bank, Mobile, Ala., with
and The First National Bank of Mobile, Ala. (1595),
which had
_._
merged Jan. 31,1956, under charter and title of the
latter bank (1595). The merged bank at date of
merger had
Miners and Merchants Bank, Bisbee, Ariz.1, with
and First National Bank of Arizona, Phoenix,
Ariz. (3728), which had...
merged Feb. 3, 1956, under charter and title of the
latter bank (3728). The merged bank at date of
merger had
First National Bank in San Leandro, Calif. (13217),
with
and The Bank of California, National Association,
San Francisco, Calif. (9655), which had
merged Feb. 3, 1956, under charter and title of the
latter bank (9655). The merged bank at date of
merger had
___
The West Side National Bank of Yakima, Wash.2
(12246), with
..__
Naches State Bank, Naches, Wash., with
Selah State Bank, Selah, Wash., with..
and National Bank of Washington, Tacoma, Wash.
(3417), which had
merged Feb. 10,1956, under charter and title of the
last-named bank (3417). The merged bank at
date of merger had
_._
Montague State Bank, Montague, Mich., with
and The Hackley Union National Bank of Muskegon, Mich. (4398), which had
merged Feb. 10,1956, under charter and title of the
latter bank (4398). The merged bank at date of
merger had
_
_
__.
Growers Bank and Trust Company, Inman, S. G.
with
and The Citizens and Southern National Bank of
South Carolina, Charleston, S. C. (14425), which
had
merged Feb. 18,1956, under charter and title of the
latter bank (14425). The merged bank at date
of merger had
The First National Bank of Cressona, Pa. (9318),
with
_.__
_
and The Pennsylvania National Bank and Trust
Company of Pottsville, Pa. (1663), which had.._.
merged Mar. 30,1956, under charter and title of the
latter bank (1663). The merged bank at date of
merger had
Irvington Trust Company, Irvington, N . J., with
and The National State Bank of Newark, N . J.
(1452), which had
.__.
merged May 4, 1956, under charter and title of the
latter bank (1452). The merged bank at date of
merger had
_
The State Bank of Ellenburg, Ellenburg Depot, N.
Y.,with
1
._.__._..
The Second National Bank of Cooperstown, N . Y.
. (223), with
and The National Commercial Bank and Trust
Company of Albany, N . Y. (1301), which h a d . . . .
merged May 18,1956, under charter and title of the
last-named bank (1301). The merged bank at
date of merger had
,_..

See footnotes at end of table.




Surplus

Undivided
profits

Total
assets

$100,000

$400,000

$84,224

$10,898,944

18,000,000

18,000,000

21,950,961

828,497,852

20,000,000
260,000

20,000,000
52,000

18, 535,185
28,280

838, 828, 706
1,823,396

1, 500, 000 4, 500, 000

1,196, 727

109,035, 929

1, 500,000
250, 000

4, 500,000
500,000

1,128, 375
247,278

110,826, 575
13, 743,236

8,000,000

6, 460, 000

2, 292, 209

188,359, 741

8,430,000

6,960, 000

2,359, 487

201, 810, 582

300,000

300,000

304,127

13,549,118

11,484,000

18,516,000

3,206,913

488,589,492

11,964,000

19,036,000

3,179, 557

501,803, 782

350,000
25,000
100,000

650,000
100,000
100, 000

432, 789
141,910
182, 746

18, 585, 111
1,767,381
3,646,427

3, 750,000

3, 750,000

2,452, 526

138,867,001

4,482,813
125,000

4,517,187
70,000

3,034,887
10, 552

162,609,587
2,961,938

800,000

1,600,000

994, 636

49,928,506

850,000

1, 700,000

1,050,188

52,683,730

60,000

70,000

25, 659

1,353,996

1,875,000

3, 995,000

1,385, 819

105, 524, 224

1,914,000

4,086,000

1, 411, 477

105,816,837

100,000

100,000

142,126

2,038,119

300,000

800,000

232, 774

19,249,639

300,000
300,000

800,000
500,000

147,877
278,949

21,296,735
14, 580,790

4, 500,000 12, 500,000

2,491, 566

248,891,453

4,900,000

12,900,000

2, 770, 515

263,472,243

100,000

100,000

187,149

225,000

325,000

25,360

4,700,268

4,200,000

8,800,000

2,979,917

230,372,139

4,344,000

8,800,000

3,393,425

238,082,330

3,009t923

83

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 10.—Mergers of national banks, or national and State banks, during the
year ended Dec. 31, 1956, under sections 4 and 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
The Caledonia Banking Company, Caledonia, Ohio,
with
$40,000
and The National City Bank of Marion, Ohio
(11831), which had.__
__
700,000
merged June 2, 1956, under charter and title of the
latter bank (11831). The merged bank at date
of merger had
_
748,000
The First National Bank of Cedar Grove, N . J.
(13136), with
150,000
and The National Newark and Essex Banking
Company of Newark, N . J. (1316), which had
6,825,000
merged June 15,1956, under charter and title of the
latter bank (1316). The merged bank at date
of merger had
7,125,000
The First National Bank of Scotia, Calif. (9787),
with
60,000
First National Bank in Madera, Calif. (14307),
with
150,000
and Crocker-Anglo National Bank, San Francisco,
Calif. (1741), which had
38,670,000
merged June 22,1956, under charter and title of the
last-named bank (1741). The merged bank at
date of merger had
39,333,000
Scranton Lackawanna Trust Company, Scranton,
Pa., with
725,000
and The First National Bank of Scranton, Pa. (77),
which had
___
_
4,500,000
merged June 29, 1956, under charter of the latter
bank (77), and under the title " T h e First National Bank & Trust Co. of Scranton." The
merged bank at date of merger had __
_
4,500,000
The State Bank of Mayville, N . Y., with_
100,000
and The First National Bank of Jamestown, N . Y.
(548), which had
___ 1,000,000
merged June 30,1956, under charter and title of the
latter bank (548). The merged bank at date of
merger had
_
1,000,000
The First National Bank of Millburn, N . J. (8661),
with
300,000
and The National State Bank of Newark, N . J.
(1452), which had
4,900,000
merged July 13,1956, under charter and title of the
latter bank (1452). The merged bank at date of
merger had
5, 212, 500
Mechanics and Merchants Bank, Richmond, Va.3,
with
300,000
and The Central National Bank of Richmond, Va.
(10080), which h a d . . .
_
_
2,250,000
merged July 31, 1956, under charter and title of the
latter bank (10080). The merged bank at date
of merger had
_. 2, 587, 500
The First National Bank of Cobleskill, N . Y. (461),
with
200,000
and The National Commercial Bank and Trust
4,344,000
Company of Albany, N . Y. (1301), which had
merged Aug. 10,1956, under charter and title of the
latter bank (1301). The merged bank at date of
4, 564,000
merger had
The Oakland County State Bank, Milford, Mich.,
with
300,000
and Community National Bank of Pontiac, Mich.
(13739), which had
___. 1,500,000
merged Aug. 31,1956, under charter and title of the
latter bank (13739). The merged bank at date of
merger had
2,150,000
The West Winfield National Bank, West Winfield,
N. Y. (7483), with
50,000
and The Oneida National Bank and Trust Company of Utica, N . Y. (1392), which had—
1, 245, 410
merged Aug. 31,1956, under charter and title of the
latter bank (1392). The merged bank at date of
merger had
1,307,910
See footnotes at end of table.




Surplus

Undivided
profits

Total
assets

$40,000

$51,128

$2,107,238

800,000

408,743

26,010,487

800,000

489,338

27,942,453

300,000

27,090

10,389,277

6,825,000

3,438,030

277,468,993

7,125,000

3,315,120

286,487,289

100,000

572,578

9,400,163

250,000

248,341

9,346,899

41,330,000

18, 774, 222 1,423,334,185

41,667,000

19,155,140

900,000

420, 551

2,054,831

5,500,000

1, 604, 876

116,305,611

5,500,000
200,000

1,497,927
143, 225

118,437,999
5,806,664

1,000,000

1, 251,008

31,900,726

1,000.000

1,183,638

37,696,795

300,000

114,578

16,138,321

13,700,000

2,110,724

274,889,531

14,000,000

2,212,801

291,027,853

400,000

223,728

14,004,622

4,250,000

524,603

85,964,493

4, 650,000

710,831

99,969,114

300,000

208,181

7,290,324

8,800,000

3,161,017

290,011,523

8,800,000

3,649,198

297,301,847

105,000

74,588

6,883,263

2,000,000

1,152,968

88,947,213

2,150,000

772,557

95, 556,615

100,000

126,040

2,698,808

3,000,000

1,413,172

73,687,016

3,500,000

1,097,002

76,385,825

1,442,081,246

84

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, 1956, under sections 4 ^nd 5 of the act of Nov, 7, 1918,
as amended—Continued
Capital
stock
Franklin Washington Trust Company, Newark,
N . J.,«, with
-.
and The National Newark and Essex Banking
Company of Newark, N . J. (1316), which had
merged Aug. 31,1956, under charter and title of the
latter bank (1316). The merged bank at date of
merger had
The Salinas National Bank, Salinas, Calif. (13380),
with
_
and Crocker-Anglo National Bank, San Francisco,
Calif. (1741), which h a d merged Sept. 7,1956, under charter and title of the
latter bank (1741). The merged bank at date of
merger h a d . .
_
_
The Farmers and Merchants National Bank of Los
Angeles, Calif. (6617), with
and Security-First National Bank of Los Angeles,
Calif. (2491), which h a d merged Sept. 28,1956, under charter and title of the
latter bank (2491). The merged bank at date
of merger had
_
The Farmington State Bank, Farmmgton, Mich.,
with
—
Peoples State Bank of Belleville, Mich., with
and National Bank of Detroit, Mich. (13671), which
had
merged Oct. 31,1956, under charter and title of the
last-named bank (13671). The merged bank at
Gate of merger had_._
__
Delaware Valley Bank and Trust Company, Bristol,
Pa.,«, with
and The Philadelphia National Bank, Philadelphia, Pa. (539), which had__
merged Nov. 9.1956, under charter and title of the
latter bank (539). The merged bank at date of
merger h a d . .
_
_
Windsor Trust Company, Windsor, Conn., with
and Hartford National Bank and Trust Company,
Hartford, Conn. (1338), which had
merged Dec. 14,1956, under charter and title of the
latter bank (1338). The merged bank at date of
merger had.
___
Depositors State Bank, Northville, Mich., with
and The Manufacturers National Bank of Detroit,
Mich. (13738), which had
_
merged Dec. 31, 1956, under charter of the latter
bank (13738), and title "Manufacturers National
Bank of Detroit." The merged bank at date of
merger had
___

Surplus

Total
assets

$960,000

$120,000

$639,775

$33,050,079

7,125,000

7,125,000

3,650,075

271,992,425

8,250,000

8,250,000

3,119,850

304,607,463

400,000

1,400,000

263,767

19,020,012

39,333,000

41,667,000

19,117,297

1,465,352,172

40,333, G O 42,667,000
O

19,151,065

1,484,372,184

9,000,000

9,000,000

8,967,364

344,124,793

50,000,000

50,000,000

48,603,029

2,226,896,279

59,000,000

59,000,000

57,570,394

2,571,021,072

300,000
100,000

250,000
100,000

306,791
264,378

13,363,710
7,630,721

26,000,000

74,000,000

19,207,857

1,930,197,353

26,340,000

74,000,000

19,893,467

1,948,878,961

912,500

1,100,000

469,428

28,837,813

16,648,333

49,351,667

18,465,699

967,367,537

17,652,083
150,000

50,360,417
250.000

18,935,127
212,900

992,530,903
6,963,135

10,000,000

12,000.000

7,426,256

391,203,357

10,270,000
250,000

14,000,000
140,000

5, 759,155
152,469

398,166,492
7,242,321

10,750,000

19,897, 500

10,986,785

820,959,273

10,962, 500

20,037,500

11,139,253

827,696,837

1
With 1 branch each in Benson, Lowell, and Warren.
2 With 1 branch in Yakima.
s With 1 branch in Richmond.
< With 5 branches in Newark.
»With 1 branch each in Levittown, Midway, Southampton, and Yard ley.




Undivided
profits

REPORT OF THE COMPTROLLER OF THE CURRENCY

85

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. SI, 1956

Charter
No.

Title and location of bank

Branches a u t h o r i z e d
under act of Feb. 25,
1927, as amended

Local

Other
than
local

Total

ALABAMA

4067
1595
1853

The First National Bank of Huntsville
The First National Bank of Mobile
The First National Bank of Tuscaloosa, Tuscaloosa—.
ARIZONA

3728
14324

First National Bank of Arizona, Phoenix
The Valley National Bank of Phoenix

-

14695
5927
2491
6919
14768
8907
3050
10391
9174
13044
9655
1741
12640
2456

City National Bank of Beverly Hills
Citizens National Trust & Savings Bank of Los Angeles
Security-First National Bank of Los Angeles
"Central Valley National Bank," Oakland
"Central Valley National Bank, Oakland" i
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
Crocker-Anglo National Bank, San Francisco
First National Bank in San Rafael
County National Bank and Trust Company of Santa Barbara

335
1338
1243
13704
4

The Connecticut National Bank, Bridgeport
Hartford National Bank and Trust Company, Hartford
The New Haven Bank National Banking Association, New Haven...
The Tradesmens National Bank of New Haven
The First-Stamford National Bank and Trust Company, Stamford..-

CALIFORNIA

CONNECTICUT

GEORGIA

1559

The First National Bank of Atlanta
The Citizens and Southern National Bank, Savannah..

14444
1668
4773

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

2188
14379
13759

The Citizens National Bank of Evansville
_
The Calumet National Bank of Hammond
American Fletcher National Bank and Trust Company, Indianapolis.
The Indiana National Bank of Indianapolis
Merchants National Bank & Trust Company of Indianapolis
The Rush County National Bank of Rushville
The Rushville National Bank, Rushville
_..

INDIANA

1456

KENTUCKY

The Third National Bank of Ashland
The Citizens National Bank of Bowling Green. __
The First National Bank of Corbin
The Owensboro National Bank, Owensboro
The Lincoln County National Bank of Stanford.
1
Consolidated June 15,1956, under the provisions of the act of Nov. 7,1918, as amended, with The First
National Bank of Oroville, charter No. 6919, and under the title "Central Valley National Bank," with
the location in Oakland.
12293
5900
7544
14138
5132




86

REPORT OF THE COMPTROLLER OF TELE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec, 81, 1956—Continued

Charter
No.

Title and location of bank

Branches authorized
under act of Feb. 25,
1927, as amended
Local

LOUISIANA

13648

The Calcasieu-Marine National Bank of Lake Charles.
The Hibernia National Bank in New Orleans
The National Bank of Commerce in New Orleans
_
Commercial National Bank in Shreveport

13777
13768

The First National Bank of Pittsfield-..
Northern National Bank of Presque Isle.

1413
13745
5561
3588
5471

The First National Bank of Baltimore
_
Fidelity-Baltimore National Bank & Trust Company, Baltimore
The First National Bank of Sandy Spring
The Towson National Bank, Towson
The First National Bank of Southern Maryland of Upper Marlboro—

2232
475
615
2152
2504
614
1320
1129
2404
12800
14798

The First National Bank of Attleboro
The Merchants National Bank of Boston
Rockland-Atlas National Bank of Boston
The Home National Bank of Brockton
_
National Bank of Plymouth County, Brockton
Middlesex County National Bank, Everett
The Falmouth National Bank, Falmouth
The Andover and Merrimack National Bank of HaverhillThe Peoples National Bank of Marlborough, Marlboro
The Methuen National Bank, Methuen
Granite National Bank of Quincy

13833
13738
13671
13799
13820
191
1587
4398
3717
13753
13739

Farmers and Merchants National Bank in Benton Harbor—
The Manufacturers National Bank of Detroit
__
National Bank of Detroit
_
Peoples National Bank of Grand Rapids
The American National Bank and Trust Company of Kalamazoo..
The First National Bank and Trust Company of Kalamazoo
The First National Bank of Monroe
The Hackley Union National Bank of Muskegon
The First National Bank of Negaunee
_.
First National Bank of Niles
„
Community National Bank of Pontiac
_
-

13403
7461

The Commercial National Bank of Greenville..
The First National Bank of McComb City

6912
7945
12205
1436
452
12022
13129
2343
1316
1452
329
13174
4872
2257

The Boardwalk National Bank of Atlantic City
The First National Bank of Somerset County, Bound Brook, N. J.
The First National Bank of Butler
The First National Bank of Cape May Court House.
Passaic-Clifton National Bank and Trust Company, Clifton..
The National State Bank of Elizabeth
—
The First National Bank of Freehold
Peoples National Bank of Laurel Springs
Livingston National Bank, Livingston
__
__
___
The Union National Bank and Trust Company at Mount Holly...
The National Newark and Essex Banking Company of Newark
The National State Bank of Newark
_
First National Bank and Trust Company of Paterson
...
The Plainfield National Bank, Plainfield-.
The First National Bank of Princeton. _
The Monmouth County National Bank, Red Bank

14228

MAINE

MARYLAND

MASSACHUSETTS

MICHIGAN

MISSISSIPPI

NEW JERSEY




Other
than
local

Total

REPORT OF THE COMPTROLLER OF THE CURRENCY

87

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1956—Continued
Branches authorized
under act of Feb. 25,
1927, as amended

Charter
No.

Title and location of bank
Local
NEW JERSEY—continued

5005
288
12425
9542
10430

National Community Bank of Rutherford.
The First National Bank of South River...
The Union Center National Bank, Union..
The First National Bank of West Orange. .
The First National Bank of Westville

13814
8767
5220
1750
14081

First National Bank in Albuquerque
The Clovis National Bank, Clovis
The First National Bank of Roswell
The First National Bank of Santa Fe_—.
The First National Bank in TucumcarL.

1301
12997
7703
7699
13126
11087
6587
548
13956
13314
1106
13955
1461
12892
6198
11708
5846
1342
1392
4988
10525
13882

The National Commercial Bank and Trust Company of Albany...
The Franklin National Bank of Franklin Square
The Meadow Brook National Bank of Freeport
Glens Falls National Bank and Trust Company, Glens Falls.
The First National Bank of Glen Head
The Long Island National Bank of Hicksville
Security National Bank of Huntington
The First National Bank of Jamestown
County National Bank, Middletown__
Nanuet National Bank, Nanuet.Highland-Quassaick National Bank and Trust Company of Newburgh.
First Westchester National Bank of New Rochelle
The First National City Bank of New York
Lafayette National Bank of Brooklyn in New York
Staten Island National Bank & Trust Company of New York
Scarsdale National Bank and Trust Company, Scarsdale
First National Bank of Scotia
The Fort Neck National Bank of Seaford
Rockland National Bank, Suffern
The Merchants National Bank & Trust Company of Syracuse
The Oneida National Bank and Trust Company of Utica
The Citizens National Bank of Wellsville
National Bank of Westchester, White Plains
First National Bank in Yonkers-

13721
2135
9164
13985
13761
4597
10610
14780
11229
10608
6776

First National Bank and Trust Company in Asheville
The Commercial National Bank of Charlotte
The Union National Bank of Charlotte
_~
The Guilford National Bank of Greensboro
Security National Bank of Greensboro
First National Bank of Catawba County, Hickory
The National Bank of Lumberton
First National Bank in Raleigh
First National Bank of Reidsville
The Planters National Bank & Trust Company of Rocky Mount
The First National Bank of Shelby

NEW MEXICO

NEW YORK

NORTH CAROLINA

OHIO

First National Bank of Akron
Bellefontaine National Bank, Bellefontaine
First National Bank of Canton
The First National Bank of Celina
The Citizens National Bank of Chillicothe
The Southern National Bank of Cincinnati
Central National Bank of Cleveland
.__
The National City Bank of Cleveland
The City National Bank & Trust Company of Columbus
The Ohio National Bank of Columbus
The Citizens National Bank of Covington
The Merchants National Bank and Trust Company of Dayton.
13850 The First National Bank of East Palestine..

14579
13749
76
5523
5634
14724
4318
786
7621
5065
5530
1788




Other
than
local

Total

88

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1956—Continued

Charter
No.

Title and location of bank

Branches authorized
under act of Feb. 25,
1927, as amended
Local

OHIO—continued
2831
13997
56
13767
2577
11831
3876
13832
973
5214
14105
14586
2350

The First National Bank of Fostoria
_
....
The Liberty National Bank of Fremont—
The First National Bank and Trust Company of Hamilton.
The National Bank of Lima.First National Bank of Mansfield..
_.
The National City Bank of Marion.—
The First National Bank of Miamisburg..
The National Bank of Portsmouth
The Farmers National Bank of Salem.
The First National Exchange Bank of Sidney
Lagonda National Bank of Springfield
The National Bank of Toledo
The Mahoning National Bank of Youngstown
__
_
OREGON

1553
4514

The First National Bank of Portland
The United States National Bank of Portland.
PENNSYLVANIA

6645
4894
14284
293
14251
717
7448
355
5307
870
5920
5454
14191
14156
14098
680
2222
5496
3980
1516
14139
4676
2581
14274
11058
539
6301
1663
5184
7090
77
2333
7511
12261
5034
13196
4879
148
2958

The Merchants National Bank of Allentown
The Farmers National Bank of Beaver Falls
The First National Bank in Bedford
_
_
The First National Bank of Bloomsburg.-..
The Bridgeville National Bank, Bridgeville
The Farmers National Bank of Bucks County, Bristol
Catawissa-Valley National Bank, Catawissa
The Delaware County National Bank, Chester
The First National Bank of Confluence
_
The Marine National Bank of Erie
_
The First National Bank of Fredericktown
The Freedom National Bank, Freedom.__
The Girard Battles National Bank, Girard
Community National Bank of Hooversville
First National Bank in Indiana
Lebanon Valley National Bank, Lebanon
Western Pennsylvania National Bank, McKeesport
The First National Bank of Milford
The First National Bank of Mount Carmel
_
_
The Union National Mount Joy Bank, Mount Joy
The National Bank of Narberth
_
The Citizens National Bank of New Castle
The Peoples National Bank of Norristown
Oil City National Bank, Oil City
The Columbia County Farmers National Bank of Orangeville
_.
The Philadelphia National Bank, Philadelphia
Mellon National Bank and Trust Company, Pittsburgh
The Pennsylvania National Bank and Trust Company of Pottsville.
First National Bank and Trust Company of Red Lion
The Bices Landing National Bank, Rices Landing
The First National Bank & Trust Co. of Scranton.
_
_
_.
Union National Bank and Trust Company of Souderton
The First National Bank of State College.
The Peoples National Bank of State College
Gallatin National Bank, Uniontown
Upper Darby National Bank, Upper Darby
_.
The Warren National Bank, Warren
_
The First National Bank of West Chester
_.
The Drovers & Mechanics National Bank of York
_
_
RHODE ISLAND

1302

Industrial National Bank of Providence....




Other
than
local

Total

89

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1956—Continued

Charter
No.

Title and location of bank

Branches authorized
under act of Feb. 25,
1927, as amended
Local

Other
than
local

Total

SOUTH CAROLINA

2044
13720
14784
10635
14698
13918
14135
9407

The Citizens and Southern National Bank of South Carolina, Charleston.
The South Carolina National Bank of Charleston
The First National Bank of South Carolina of ColumbiaCarolina National Bank of Easley
The Peoples National Bank of Greenville
First National Bank of Myrtle Beach
First National Bank in Orangeburg
The Southern National Bank of Orangeburg
The Peoples National Bank of Eock Hill

8443
13539
2049
13349
3032
13103

The Harpeth National Bank of Franklin
The Hamilton National Bank of KnoxvillePark National Bank of Knoxville
Union Planters National Bank of Memphis..
First American National Bank of NashvilleThird National Bank in Nashville

14425

TENNESSEE

UTAH

2597

First Security Bank of Utah, National Association, Ogden

10

VERMONT

1698

The Howard National Bank and Trust Company of Burlington.
VIRGINIA

7093
9343
13502
13775
1572
2760
9885
13792
10080
9733
7587

Alexandria National Bank, Alexandria
American National Bank & Trust Company of Danville
First National Bank of Gate City
The Citizens National Bank of Hampton
The First National Bank of Harrisonburg
The Peoples National Bank & Trust Company of Lynchburg
National Bank of Commerce of Norfolk
The Citizens National Bank of Petersburg
The Central National Bank of Kichmond
National Bank of Suffolk
The First National Bank of Waynesboro

4375
14394
11280
4668
3417
12292

The First National Bank of Everett
The National Bank of Commerce of Seattle
Peoples National Bank of Washington in Seattle
Seattle-First National Bank, Seattle
The Old National Bank of Spokane
National Bank of Washington, Tacoma, Washington.
The Puget Sound National Bank of Tacoma

WASHINGTON

Total (240 banks).




1
4
3
11
3
3
1
132

312

444

90

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO 12.—Number of branches of national banks closed during the year ended
Dec. 81, 1956
Branches closed

Charter No.

Title and location of bank
Local

Other
than
local

1
11
2

29

1
140
2

2

2

Total

CALIFORNIA

5927 Citizens National Trust & Savings Bank of Los Angeles
2491 Security-First National Bank of Los Angeles
12385 Pasadena-First National Bank, Pasadena
_13044 Bank of America National Trust and Savings Association, San Francisco
CONNECTICUT

4

The First-Stamford National Bank and Trust Company, Stamford...

1

1

1

1

1

1

1

1

1

1

1

1

1
1

1
1

1

1

INDIANA

984

The Indiana National Bank of Indianapolis
LOUISIANA

13688

The Hibernia National Bank in New Orleans

__

MARYLAND

13745

Fidelity-Baltimore National Bank & Trust Company, Baltimore. __
MASSACHUSETTS

261

The First Safe Deposit National Bank of New Bedford
MICHIGAN

13703

The Birmingham National Bank, Birmingham _

_ __

MISSISSIPPI

13403
10523

T h e C o m m e r c i a l N a t i o n a l B a n k of G r e e n v i l l e
F i r s t N a t i o n a l B a n k of J a c k s o n
_ _ _ _ _ _
OHIO

1788

The Merchants National Bank and Trust Company, Dayton
PENNSYLVANIA

717
187
608

The Farmers National Bank of Bucks County, Bristol
First National Bank and Trust Company of Hanover..- __ _ _ _
The National Bank of Pottstown

1
1
1

4

5
1
1

TENNESSEE

14485

Commercial National Bank, TOnoxville --

-

.

„

1

1

WASHINGTON

13439

The National Bank of East Stanwood..__
Total (18 banks)

» Dormant or inoperative branches.




_

2
27

2

37

64

TABLE NO. 13.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 81, 1955 and 1956
[In thousands of dollars]
Loans and securities
Number of
banks

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

_

1956
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




Total

8,644
27
35,923
67
83,208
109
666
858, 752
1,627 4, 687, 744
993 5, 967, 457
709 9, 221, 649
239 6,908, 884
116 6, 518, 238
126 21, 881,053
21 30, 245, 504

U.S.
Loans
Governand discounts, ment obincluding ligationsdirect and
redisguarancounts
teed
and overdrafts

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

Other
bonds
and
securities

Cash,
balances
with
other
banks,
including
reserve
with
Federal
Reserve
banks

3,419
4,106
1,102
2,627
16,150
12,842
6,566
35, 582
26,000
76, 433
396,929
253,934
2,127, 064 546, 274 1, 232, 589
752, 672 1, 539, 630
2,655,932
4,156,666 1,083, 248 2,369, 827
775, 870 1, 878,217
3,106, 715
2, 704, 723 705,015 2, 023,030
8,391,405 1, 973, 831 7, 764,882
10,096, 221 3, 242, 886 8, 658, 383

Deposits
Real
estate
assets

Total
assets

12,834
77
49,084
290
110,010
741
1,121,866
8,343
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

Capital
stock

Surplus,
profits
and
reserves

Total

Demand

10,961
830
9,626
1,026
42,831
2,192
3,983
33, 785
8,535
96,897
4,244
71,719
81, 651 1, 003, 216
34,096
718,900
376, 792 5,437,453 3, 701, 510
140,184
156, 823 421, 567 6,972, 565 4,693, 848
578,194 10, 836,385 7, 302,058
245,042
178,117 386, 521 8,264, 502 5, 820, 302
8,019, 993 6,018,317
180, 487 365,239
602, 456 1, 295, 008 27, 799, 445 22,321,015
928,153 1, 944, 789 35, 733, 741 26, 203, 489

Time

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
8,310
25
27, 932
51
104
77, 336
623
808, 803
1,585 4, 540, 289
1,022 6,119,157
719 9, 277,100
257 7, 318,099
125 7,038,477
126 21, 854,937
22 31, 681, 284

4,182
13, 538
37, 928
356, 334
1, 985, 287
2, 723,394
4,209, 715
3, 418,049
3, 537,831
12, 258, 257
19, 703, 817

3,837
878
3,250
9,551
2,133
12, 261
6,685
32, 723
25, 268
75,060
377, 409
238, 676
542, 803 1, 229, 445
2,012,199
2, 624, 221 771, 542 1, 617, 491
3,945, 546 1,121, 839 2, 473, 492
3,105, 956 794,094 2, 028, 978
2, 773,145 727, 501 2, 212, 964
7, 675, 429 1, 921, 251 7, 799, 208
9,117, 946 2, 859, 521 9,443,587

1,042
10, 264
860
12, 220
8,795
63
3,209
32, 857
1,507
37, 686
27, 662
188
8,138
91,003
4,271
103, 654
943
68,173
8,486
77, 896
944, 753
31,332
1,056, 650
681, 799
54, 434 5, 829, 710 138,821 375, 563 5, 295, 204 3, 614, 749
83, 949 7, 829, 979 165, 301 442, 944 7,181, 445 4, 809, 782
143, 402 11, 917,026 252, 490 591, 696 10,984,019 7, 362,069
121, 451 9, 493, 938 197, 738 419, 061 8, 793, 610 6,126, 507
105, 416 9,386, 662
8, 686, 556 6, 463,094
198, 698 402,142
334,014 30,132, 742 636, 618 1,348, 959 27, 772, 261 22, 200, 737
353, 914 41, 901, 715 1,010, 472 2,163,374 37, 702, 851 27, 664,191

1,469
5,195
22, 830
262,954
1, 680,455
2, 371, 663
3, 621,950
2, 667,103
2, 223, 462
5, 571, 524
10,038,660

4,659 88, 751, 724 48,248,332 31,680,085 8, 823,307 27,082,497 1, 206, 260 117,701,982 2, 638,108 5, 834,024 107,494,823 79,027, 558 28,467,265

co

92

REPORT OF THE

COMPTROLLER OF THE

CURRENCY

TABLE NO. 14.—Number of national banks in United States and possessions with
surplus fund equal to or exceeding common capital stock, and the number with
surplus fund less than common capital stock 1942 to 1956

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
June 30, 1956....
Dec. 31, 1956




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
4,675
4,659

Banks with surplus
equal to or exceeding
common capital stock

Banks with surplus
less than common
capital stock

Number

Number
of banks

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
4,330
4,337

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
92.62
93.09

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
345
322

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
7.38
6.91

93

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 15—Dates of reports of condition of national banks, 1914 to 1956
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p . 150]
Jan.

1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956

Feb. Mar.

13

Year

Apr.

4
4

..

4
._

28
21

June

1
1
1
10
12
4

7
5
4

__

May

28

10

5
3

31
6
12

-

23
28
_.
.
.
.
.—

27
27
25
5
4
4
31
7
29
26
4
4

-

13
20
12
11
24
9

.
.

31

.

20
15
11
10

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
30

July

Aug.

Sept.

Oct.

12
2
12
11

Nov.

31

31
10
17
20
1
17
15

31
12
8
6
15
14

10
28
10
3
4
24
29
30
25
17

1
28
2
24
18
30
6
1
4
10
5
30
7
5

26

Dec.

31
27
31
31
31
29
31
29
31
31
31
31
31
31
31
31
31
31
30
31
31
31
31
31
30
31
31
31
31
30
31
31
31
31
31
30
31
31
31
31
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 Keserve bank of the district,
and made and published periodic reports of condition the same as required of national banks under section
5211, U. S. R. S. Sec. 21 (a) of the Banking Act of 1933, however, was amended by section 303 of the Bank
ing 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 10, JUNE 30, SEPTEMBER 26, AND DECEMBER 31, 1956
BY STATES AND TERRITORIES




REPORT OF THE COMPTROLLER

OF THE

CURRENCY

97

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec, SI, 1956
ALABAMA
[In thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

69 banks

69 banks

69 banks

490,000
318, 595

498,407
317, 715

504,301
347,210

116, 797
24,419

119,384
25,409

115, 994
23,516

115, 779

2,272
134,369
31,058

2,278
127, 774
19,439

2,282
120,856
29,651

2,307
140,355
29,108

152,236
11, 783

152,781
12,114
523

145, 421
12,316
529

183,939
12,540
564

1,474
110
2,299
1,561

1,214
136
2,462
1,677

1,281
108
2,509
1,912

1,492
108
2,615
1,691

1,316,763

Total assets.

Sept. 26,
1956

69 banks

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

June 30,
1956

1,273,786

1,272,497

1,365, 548

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

CAPITAL

710,937

721,649

753, 748

90,189
10,089
1,207,793
972,582
235,211

234,883
10
35,967
90,589
81,052
9,841
1,163,279
924,128
239,151

236,165
10
31,679
78,489
74,377
11,492
',163,861
913,435
240,426

243, 598
10
28,444
116,689
91,833
15,651
1,249,973
1,001,842
248,131

5,200

1,500

149
5,689
4,138
1,227

136
5,968
4,091
1,897

108
6,370
4,693
1,872

138
6,363
5,163

1,218,996

Total liabilities..

744,355
231,123
10
28,004

1,175,371

1,172,104

1,265,440

104,023

ACCOUNTS

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

29,870
45,750
17,380
4,767

29,870
46,075
17,703
4,767

30,070
46,085
19,730
4,508

30,370
47,017
18,569
4,152

97,767

98,415

100,393

100,108

1,316,763

1,273, 786

1, 272,497

1,365, 548

162,478

181,171

182,627

182,491

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, 1956—Continued
ALASKA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

7 banks

7 banks

7 banks

Dec. 31,
1956

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 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
_

40,363
50,842

41,264
55,772

40,759
65,031

5,405
3,652

5,197
4,005

5,261
6,405

5,603
5,432

14,046
6,667

16,218
4,795

20,662
7,719

15,883
6,744

4,279

1,589
193

5,101
1,538
194

5,326
1,678
204

6,511
1,665
185

290

352

352

131

131

348
1
128

124,522

Total assets..

37,251
51,011

128,744

144,886

138,298

49,820

53, 571

63,975

60,659

26,563
10
27,314
12,831
840
717
118,095
71,959
46,136

27,654
10
27,311
11,736
931
826
122,089
74,933
47,106

28,568
10
28,150
13,911
1,834
1,101
137,549
90,098
47,456

28,746
10
26,821
12,658
1,487
1,130
181,611
84,985
46,676

341
133
7

338
127
3

23
384
172
13

23
342
167
103

118,576

122,530

138,141

132,146

1,928
2,240
1,419

2,153
2,255
1,505
301

2,153
2,255
2,036
301

2,153
2,255
1,328
416

LIABILITIES

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

_

__

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

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

5,946

6,214

6,745

6,152

124,522

128, 744

144,886

138,298

38,845

39,043

39,259

38,222

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

99

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
ARIZONA
[In thousands of dollars]
Apr. 10,
1956

Sept. 26,
1956

Dec. 31,
1956

3 banks

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

June 30,
1956
3 banks

3 banks

3 banks

286,152
138,801
12
41,371
14,682

305,399
129,330
12
45,652
12,188

316,729
120,174
5
7,197

42,808
5,029

1,112
53,379
11,275

1,112
45,562
10,611

1,118
45,987
12,372

1,118
58,720
14,507

48,342
9,998
373

48,385
10,237
372

42,016
10,759
432

66,997
11,482

4,515
50
2,141
1,157

4,715
134
2,620
1,003

4,765
33
2,085
1,053

4,765

617,332

603,611

676,272

339,513

327,355

318,850

373,256

136,058
10
10,809
53,711
12,339
8,447
560,887
4X2, £'45
138,642

140,287
10
11,704
67,583
10,244
7,900
665,088
421,956
148,127

141,852
27
11.186
52,495
13.187

145,043
27
9,109
64,041
18,964
10,071
620,511
450,765
169,746

50
6,186
3,034
945

134
6,187
2,320
200

33
7,024
3,459

6,902
3,526

571,102

573,924

561,039

631,976

14,855
22,225
5,178

14,855
22,225
6,328

14,855
22,425
5,292

14,855
22,425
7,016

Total assets..

337,882

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..

545,690
885,255
160,485
4,000

CAPITAL ACCOUNTS

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

___

42,258

43,408

42,572

44,296

Total liabilities and capital accounts.

613,360

617,332

603,611

676,272

106,366

118,233

109,357

113,414

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, 1956—Continued
ARKANSAS
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

54 banks

54 banks

54 banks

54 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

_.

195,398
154,453
86
57,061
8,353

193,657
142,775

192,704
154,848

198,229
163,733

60,020
8,032

60,246
7,949

61,928
8,666

1,001
58,763
9,725

1,019
54,604
7,875

1,032
49,990
10,484

1,047
54,787
10,617

74,100
5,516
192

74,731
5,605
213

68,827
5,346
538

89,223
6,461
388

30
634
687

30
727
916

30
839
1,254

30
960
341

565,999

550,204

554,087

596,410

324,733

303,978

307,793

338,756

90,366
24
7,080
40,036
52,609
2,764
817,612
425,48292,130

92,154
24
8,725
43,160
50,583
3,038
601,662
407,696
93,966

92,961
24
8,300
42,477
48,807
2,784
60S, 146
408,233
94,918

95,570
24
10,440
38,136
60,431
3,880
647,287
449,666
97.571

LIABILITIES

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

1,916
1,367
9

1,924
1,035
234

650
2,142
1,565
66

1,954
958
370

520,904

504,855

507,569

550,519

13,705
19,658
10,435
1,297

13,955
20,033
10,139
1,222

14,055
20,411
10,756
1,296

14.405
20,556
9,592
1,338

CAPITAL ACCOUNTS

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

45,095

45,349

46,518

45,891

565,999

550,204

554,087

596,410

37,599

35,352

37,555

39,975

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

101

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1956—Continued
CALIFORNIA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

56 banks

52 banks

51 banks

49 banks

7,068,759
3,968,133
580
969, 111
243,571

7,262,438
3,867,927
678
927,105
238,641

7,585,966
3,838,295
282
909,794
218,844

7, 716,999
3,714,034
940
931,690
164,042

40,195
1,455,716
115,583

40,889
1,409,165
119,488

40,774
1,448,999
129,533

40,830
1,565, 211
155,298

1,081,964
132,526
2,013

949,682
137,394
2,353

946,850
143, 505
1,873

1,126,317
145,186
2,305

27,617
56,057
43,853
19,466

27,994

27,822

47,982
17,003

46,753
18,199

28,204
63,800
47,713
22,470

15, 225,144 15,102, 727 15,413, 575

15,725,039

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 hi 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. GovernmentDeposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
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..

6,399,291

6,115,674

5,236,912
222
239,852
969,914
591,906
277,444
18,715,541
7,752,068
5,968,473

5,334,991
222
335,511
1,064,801
562,205
307,335
18,720,739
7,595,820
6,124,919

97,800

6,484,530

6,704,626

5,293,662
5,346,966
222
222
352,073
214,938
878, 516
1,122,685
598, 793
603, 719
246,400
306,686
18,854,196 14,299,842
7,786,142 8,174,088
6,068,054 6,125,809
123, 500

36

32

27

60,430
81,870
90,346
229,184

55,293
83,542
61,833
221,203

58,102
85,125
96,834
219,961

66,141
87,367
88,544
206,897

14,275, 207 14,142,642

14,437, 745

14, 748,913

304,814
452,809
190,677
11, 785

305, 564
452,635
205,805
11,826

306, 714
453,352
209,618
6,442

960,085

975,830

976,126

15,102, 727 15,413, 575

15,725,039

CAPITAL ACCOUNTS

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

301, 539
451,993
184,230
12,175
949,937
15,225,144

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




2,316,206

2,231,102

2,159,548

2,148,271

102

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of nationalTbankst by States, at date of each call during year
ended Dec, 31, 1956—Continued
COLORADO
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

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 Eeserve 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

449,733
371,355

464,540
348, 782

462,965
386,439

472,523
377,897

41,007
14, 789

41,701
13, 711

40,603
12,755

40,608
12,511

1.889
128,420
14,466

1,895
128,053
12,723

1,898
127,969
15,784

1.943
132,937
15,297

156,028
6,154

148,109
6,252
345

151,268
6,699
430

170,746
7.203
435

312

314

2,424
1,327

2,460
1.808

2,421
1,516

1,187.680

Total assets.

270
14
2,024
1.292

1.170,174

1,211.392

1,236,325

651,017

640,182

663,534

244,383
10
26,078
69,928
90,363
11,137
1,092,916

243.807
10
35,717

249,339
10
32,623
64, 712
86.158
10,366
1,106,742

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
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..

8S6, S42

256,574

81, 635
8,320
1,078,0S9
821,294.
256,745

3,300

844,599

262,145
9,200

251,036
10
27,557
54,304
95,490
13,290
1,140,280
876, ISO
264,150
200

80

79

14
2, 616,
4,254
130

2,888
4,353
161

3,166
5,539
299

3,420
5,939
238

1,103.310

1,085,910

1,125,025

1,150,303

25,855
36,771
17.628
4,116

25,880
36,891
17,715
3,778

25.880
36.946
19,498
4.043

26,455
38.331
18.112
3,124

79

226

CAPITAL ACCOUNTS

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

84,370

1,187, e

84,264

86,367

86,022

1,170,174

1,211,392

1,236.325

143.661

157.375

141,759

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




149,568

REPORT OF THE COMPTROLLER OF THE CURRENCY

103

Assets and liabilities of national banks, by Staies, at date of each call during year
ended Dec. 81, 1956—Continued
CONNECTICUT
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

39 banks

38 banks

38 banks

38 banks

ASSETS

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

458,242
327,644
12
110,418
13,769

472,065
306,155
12
108,655
13,657

467,032
351,515
12
114,062
13,209

1,984
95,510
30,147

2,079
93,058
20,181

2,120
79,619
29,305

2,198
90,289
33,079

102,374
12, 277
497

121, 031
12,128
514

93,843
12,614
508

149,102
13, 551
557

300
82
1,165
1,260

300
61
1,535
1,499

330
28
1,461
1,653

330
33
1,595
1,456

1,153,071

Total assets

460,951
319,446
12
112,001
15, 065

1,162, 471

1,122,025

1, 238,020

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

690,385

659,972

223, 221
5
33,310
35,989
29,893
35, 627

221,022
5
41, 203
42,331
25,134
40,377

821,
226,766

1,06S, 728
839, 224
224,504

223,627
5
40,016
39, 949
22,392
32, 783
1,018,7U
792,581
226,163

9,800

200

800

82
5,597
4,457
1,101

61
5,942
4,452
1,746

28
6,175
5,086
1,703

1,069,467

1,076,129

29, 522
36, 750
14, 723

30,407
38,624
14, 592
2,719

769,555
221,560
5
29, 424
36, 767
27,385
50,425
1,1S5,121
911,013
224,108

6,508
5,387
1,964
1,149,013

CAPITAL ACCOUNTS

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

2,609

30,957
39,375
16,531
2,626

31,327
41,671
14,621
1,388

83,604

86,342

89,489

89,007

1,153,071

1,162,471

1,122,025

1,238,020

109,596

91,336

93,242

96,782

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. 31, 1956—Continued
DELAWARE
[In thousands of dollars]
Apr. 10,
1956

Sept. 26,
1956

Dec. 31,
1956

8 banks

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

June 30,
1956
8 banks

8 banks

8 banks

13,441
10.710

13,148
11,591

13,290
11,973

2,294
678

2,248
673

2,252

2,292
667

97
3,044
710

97
3,153
653

3,492
771

98
3,227
836

1,715
562

1.881
576

2,371
561

16

1,657
566
2
14

16

16

33,357

Total assets .

13,017
11,224

33,214

34,493

35,331

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
_
_.
Other liabilities
Total liabilities..

15,989

15,711

16,708

17,458

12,164

12,398

12,600

12,564

391
292

391
294

275
329

421
250

312
29,148
16,905
12, US

345
29,1S9
16,664
12,475

405
SO, S17
17,640
12,677

100

455
SI, 148
18,509
12,6S9
1
41

29,248

29,168

30,319

31,190

875
2,375
793

875
2,375
730
66

875
2,375
858

875
2,450
748

CAPITAL ACCOUNTS

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

4,109

4,046

4,174

4,141

33,357

33,214

34,493

35,331

1,509

1,184

1,134

1,384

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE

COMPTROLLER

OF THE

CURRENCY

105

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

8 banks

8 banks

8 banks

8 banks

363,613
298,285

359,813
312,171

378,746
305,615

27,183
22,285

25,190
19,845

23,312
18,634

24,901
16,001

1,533
117, 658
17,306

1,539
130,805
13,108

1,569
109,356
16,433

1,569
111, 470
19,005

80,603
13, 741
150
1,146
685

80,765
13,925
270
799
631

74,174
14,247

92,226
14,313
393
861
614

948,775

608,811

612,659

159,781
1,025
30,960
102
60,468
12,201
875,848
702,988
170,410

160,959
1,025
32,268
86
53,723
17, 554
878,274
706,690
171,584
900

160,590
1,025
34,426
80
59,232
11,969
857,110
170,837
2,600

163,213
1,025
34,337
147
66,944
29, 793
898,267
719,807
178,460
500

1,466
3,421
622

1,386
3,573
945

1,284
4,061
1,640

1,156
4,260
2,752

878, 857

885,078

866,695

901, 935

18,800
32,300
10,364
1,468

Total assets ,

350,305
309,194

941,789

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed b y 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

18,900
32.400
10,821
1,576

18,900
33,400
11,029
1,629

18,900
33,400
9,288
2,191

965,714

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

597,808

CAPITAL ACCOUNTS

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

-

Total liabilities and capital accounts

62,932

63,697

64, 958

63,779

941,789

948, 775

931,653

965,714

60,183

62,104

68,446

64,017

MEMORANDUM

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




106

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1956—Continued
FLORIDA
[In thousands of dollars]
Apr. 10,

88 banks

91 banks

94 banks

758,772
844,103
5
157,163
28,051

765,713

779,895
770,788

5
159,408
23.300

156,120
23,063

863,005
778,697
6
156,828
22,349

3,681
235,388
41,049

3,739
207, 948
33,030

3,876
208,491
39,330

4,005
201,079
48,556

412,687
885

422,047
29,233
960

275,424
30,160
1,056

456,344
33,216
1,138

3,005
63
4,725
2,897

5,121
166
5,034
2,205

5,327
232
5,013
2,682

4,274
158
5,124
2,294

2,521,356

Total assets .

Sept. 26,
1956

Dec. 31,

1956

87 banks

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

June 30,

1956

2,427,605

2,301, 457

2,577,073

1,406,390

1,308,230

1,298,073

1,415,584

344,777
66
49,671
37,927
258,832
227,037
282,026
289, 844
25,828
28, 917
2,846,057 2,248,542
1,981,585 1,827,826
420,716

355,386
66
41,657
186,856
184,877
22,915
2,089,880
1,678,875
416,455

370,589
66
38,363
252,841
281,645
25, 796
2,884,884
1,952,805
A32,679

21,085

300

1956

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..

33

33

64
12,274
8,056
631

166
12,915
7,538
1,359

293
14,027
10,017
1,008

258
14, 490
9,803
1,670

2,367,115

2,270,553

2,136,293

2, 411,438

200
57,775
67,975

200
58,460
66,431
21,314
10,647

200
60,410
60,610
68, 735
24,920
10,899

200
61,960
62,160
72,073
20,099
11,303

33

CAPITAL ACCOUNTS

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

21,119
10,451
154,241

157,052

165,164

165,635

2,521,356

2,427,605

2,301,457

2,577,073

536,613

519, 668

537,068

554,705

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. 31, 1956—Continued
GEORGIA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

51 banks

51 banks

52 banks

52 banks

Total assets.

614,876
290,881

622,586
282, 828

624,298
312,419

645,610
309,188

78,577
17,627

81,554
15,873

83, 617
16,128

78,617
15,874

2,250
156, 752
19,371

2,277
144, 858
13,053

2,333
161,114
18,437

2,555
140,172
20,078

167, 590
18,932
526

193,265

218,368
19, 523
1,567

1,973
1,726

1,843
1,429

151,380
19,238
1,583
17
1,948
1,356

1,371,081

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

1,379,213

743,504

735,524

739,252

747,475

183,151
176,035
850
850
42, 718
43, 227
94,924
125, 372
182,136
165, 775
7,473
7,588
1,247,640 1,261,487
1,064, $68 1,070,989
190,498
183,372

191,220
844
42,637
110,096
167,747
7,776
1,259,572
1,060,765
198,807

195,196
844
32,351
111, 706
220, 366
22,479
1,330,417
1,127,499
202,918

758

1,808
1,014
1,454,374

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-

7,100

700

14,100

12, 461
4,400
140

11, 648
4.021
1,012

17
12, 746
4,935
914

12,607
3,648
1,016

1, 271,741

1,278.868

1, 292,284

1,347,688

27,220
46,813
13, 792
11, 515

27,320
47, 515
13,493
12,017

27,737
49,015
15,123
9,709

29,737
54,681
12,078
10,190

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus
Undivided profits
Total capital accounts
Total liabilities and]capital accounts.

99,340

100,345

101, 584

106,686

1,371,081

1,379,213

1, 393,868

1,454,374

209,226

207,361

215,050

MEMORANDUM
Assets pledged or assigned to secure liabilities a n d 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. 31, 1956—Continued
THE TERRITORY OF HAW An
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

lbank

lbank

lbank

lbank

ASSETS

Total assets.

95,716
49,960

98,164
47,778

98,942
47,779

97,665
53,730

12,477
2,525
12,896
12,306

10,143
2.275
14,315
10,926

10, 776
2.275
12,668
13,186

10.377
2,275
16,347
14,224

13,052
2,884
17
595
286

6,984

2,924
12
676
316

19
658
324

15,703
3,058
10
624
181

196,001

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

200,435

196.647

214,194

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-

72,766

69,815

71,061

81,693

76,214
10
16,146
9,246
2.344
2,520
179 H6
100,241
79,005

76,345
10
17,726
14,747
4.089
1,522
184.254.

75,346
10
15.586
12,195
3.730
1,603
179.5S1
99,572
79,959

75,980
10
14.386
19,031
4,806
1,481
197,887

12
202
569
208

17
219

10
320

32

19
262
570
176

ISO, 237

185.118

180.558

198.579

4,000
7,000
2,588
2,176

4.000
7.000
2,142
2.175

4,000
7,000
2,913
2.176

4,000
7.000
2,440
2,175

10S, 0S6

81,218

US, 842
8S, 545

33

CAPITAL ACCOUNTS

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

15,764

15,317

16,089

15.615

196,001

200,435

196,647

214,194

52,497

52,281

51,903

55,651

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

109

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
IDAHO
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

10 banks

10 banks

10 banks

10 banks

ASSETS

Total assets

177,957
156,009
194
13,718
3,364

188,365
143,622
202
10,684

191,158
152,359
180
10,432
2,837

191,913
159,044
180
14,961
3,105

623
37,225
5,267

617
37, 546
5,580

39,777

630
35,439
6,331

29,152
5,353
55

24,028
5,461
47

23,463
5,781
46

37,088
5,958
55

21
128
415

21
94
181

21
326
265

21
126
293

429,481

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

419,410

433,364

455,144

215,106

201,260

224,147

128,080
11
5,791
48,009
3,358
2,920
408,275
273,978
129,297

130,262
11
7,438
2,429
2,747
898,854
261,856
181,498

129,279
11
9,209
36,807
3,157
406,592
276,090
180,502

429,252
294,867
134,885

1,201
1,120
517

1,221
1,050
102

1,390
1,247
31

1,294
967
317

406,113

395,727

409,260

431,830

10,275
10,290
2,484
319

10,275
10,645
2,702
61

10,275
10,720
3,058
51

10,275
10,736
2,273

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-

49,207

133,162
11
5,483
56.484
4,249
3,294

CAPITAL ACCOUNTS

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

23,368

23,683

24,104

23,314

429,481

419,410

433,364

455,144

99,013

110,311

106,606

112,649

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes

432389—57-




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. 81, 1956—Continued
ILLINOIS
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

392 banks

392 banks

393 banks

393 banks

4,436,510
4,444,664
4,143,599
Loans and discounts (including overdrafts)
3,902,324
3,720,029
3,795,904
U. S. Government securities, direct obligations
83
83
83
Obligations guaranteed by U. S. Government
703,475
723,563
687,999
Obligations of States and political subdivisions
237,593
212,291
221,578
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
20, 464
20,681
20,786
bank
1,357, 545 1,326,112
1,371, 503
Reserve with Federal Reserve bank
103,823
101,817
Currency and coin
Balances with other banks, and cash items in process of
959,922
1,116,401
1,050,914
collection.
39,204
39,279
40,300
B ank premises owned, furniture and fixtures
1,285
1,157
Real estate owned other than bank premises
1,406
Investments and other assets indirectly representing
2,104
2,026
2,056
bank premises or other real estate
4,300
4,643
5,723
Customers' liability on acceptances outstanding
24,930
27,730
Income earned or accrued but not collected
27,571
10,641
9,174
10,280
Other assets
Total assets
11, 510,541 11,732, 409 11,775,303

4,646,697
3,835,418
83
694,151
204,870
21,124
1,381.346
117,624
1,271,594
40, 615
1,385
2,269

5,507
25,345
8,845
12,256,873

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.)

5,818,066

5,890,039

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—

6,451,268
2,577,934
1,235
218, 595
590,755
1,323,064
116, 656
11,279,607
8,550,218
2,729,294

10,680,511

Total deposits
Demand deposits
Time deposits

5,754,094

2,524,778
2,520,998
1,235
1,235
1,235
383, 772
261,601
367, 497
734.107
487,481
1,130,179
1,190,411
1,190,944
95,061
128, 635
97, 433
10, 880, m 10,792,745 10,605,894
8,129,691
7,726,771
7,948,044
2, 608,713
2,668,054
2,662,850
253,750
2,050
204,095
108
108
92
4,703
4,437
6,091
29,793
29,068
33,008
37,640
46,331
48,616
24,426
16,333
19,615
10,891,465

10,917,411

11,389,983

1,500
294,010
295,610
380.324

1,500
294.885
296.886
387,035
99,350
58.174

1,500
296,766
298,266
388,470
113,317
57,839

2,476,629

264
85
5,763
32,729
44,821
26,814

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

95,225

58,971

1,500
298,701
800,201
398,532
109,067
59,090

830,030

840,944

857,892

11, 510,541

11.732,409

11,775,303

12,256,873

1,192,540

1,203,722

1,105,546

1,033,527

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. SI, 1956—Continued
INDIANA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

123 banks

123 banks

123 banks

123 banks

838,060
985,473
10
134,137
42,087

876,534
969,044
10
134,117
31,396

878,256
958,152
10

136,417
29,636

910,295
982,883
10
131.819
28,468

252,923
47,373

3,610
253,220
39,051

3,854
249,344
52,393

3,944
267, 416
54,323

227,385
24,061
283

283,937
23,887
488

225,148
24,469
426

339,553
24,979
399

20
122
4,284
2,795

23
136
4,253

28
302
4,213
2,771

33
59
3,830
2,792

2, 562,579

2,622,692

2,565,419

2,750,803

1,280,027

1,274,303

1,272,078

1,412,989

634,964
2,111
54,708
255,894
113,014
27,790
2,868,508
1,726, 478

639,665
2,111
74,115
295, 493
105,394
44,686

646,017
2,111
63,121
218,985
122,106
34,591
2, S69,009
1,706,518

657,099
2,111
53,666
213,375
139,493
71,137
2,649,870
1,886,528
668,342

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

IB, 4*6,767

1,789,139

642, 030

652,496

8,075

4,075

200

18

18

122
11,387
1,102

136
11, 739
5,932
1,705

18
302
12,601
7,304
1,344

12,504
6,558
2,003

2,395,080

2,455,297

2,384,653

2,571,194

25

25
49,088
49,118
82,855
39,114
8,527

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

25
45,988
46,013
72,881
41,005
7,600

25
45,988
46,018
74,427
39,993
6,962

48,868
79,677
44,341
7,885

167,499

167,395

180,766

179,609

2,562,579

2,622,692

2,565,419

2,750,803

203,994

199,904

199,533

192,083

MEMOEANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




112

REPORT OF THE COMPTROLLER OF THE

CURRENCY

Assets and liabilities of national banks, by States, at date'of each call dm ing year
ended Dec. 81, 1956—Continued
IOWA
[In thousands of dollars]
Apr. 10,
1956

June 30.
1956

Sept. 26,
1956

Dec. 31,
1956

95 banks

95 banks

95 banks

95 banks

334,710
293,785

336,163
278,659

322,130
291,663

77,743
12,712

78,563
12,499

79,143
12,460

332,279
282,584
76,080
14,247

1,380
94,904
13,557

1,380
95,742
11,603

1,397
89,115
14,949

1,406
86,292
14,134

119,784
5,754

110,209
5,758
151

109.669
5,864
151

128,566
6,065
127

1,357
90
1,625
397

1,357
73
1,659
675

1,357
110
1,684

1,357
105
1,350
533

958,087

934,491

930,494

945,125

444,900

439,885

445,456

467,686

186,099
53
22,274
110,336
115,593
5,252
884,507

187,988
53
23,837
106,126
100,556
5,630
864,075
674,590
189,486

186,306
53
20,507
84,251
104,153
5,939
846,665
658,868
187,797

186,183
53
20,618
69,707
119,367
9,213
871,827
684,629
188,198

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 notjcollected
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

187,569

10,400

200

73
1,675
1,287
71

110
1,784
1,847
8

105
1,807
1,222
231

867,181

860,814

876,392

17,908
28,665
17,018
3,719

17,908
28,676
19,261
3,835

17,908
29,198
17,594
4,033

930,494

945,125

3,135
90
1,600
1,519
9

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

17,908
28,106
17,527
67,227

67,310

958,087

934,491

68,733

MEMORANDUM

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




65,964

58,132

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, 1956—Continued
KANSAS
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

170 banks

170 banks

170 banks

170 banks

347,330

59
100,373
27,550

355,235
382,191
65
104,932
32, 671

375,156
376,430
58
104,096
30,149

384,271
388,735
58

1,797
134, 596
14, 625

1,810
131, 464
11,975

1,824
127,207
15, 766

1,840
134, 787
16,045

147, 207
6,975
131

144,424
7,184
128

119, 715
7,916
162

176,397
8,722
201

191

196
1,454
878

195
1,507

178
1,386
1,182

1,176,499

1,174, 607

1,161,140

1,244,745

633,614

630,190

652,063

666,947

142,110
39
25, 555
185, 597
92,792
6,483
1,086,190
HI, 166
145,024
875

140,079
39
29,746
185,218
93,026
6,063
1,084,861
HO, 908

143,055
39
30,098
147,215
85,106
6,887
917,878
146,590

146,511
39
27,741
201,353
101,890
7,024
1,151,505
1,001,4U
150,094

2,632

312

18
2,662

16

212

18
2,724
2,414
417

3,224
274

16
2,850
2,773
471

~U)92, 782

1,089, 934

1,073, 455

1,157,927

23,672
36,138
21,851
2,056

23, 722
36, 537
22,300
2,114

23,722
37,004

23, 747
37, 611
23,499
1,961

83,717

84,673

87,685

86,818

1,176,499

1,174,607

1,161,140

1,244,745

255,054

257,093

252,833

262,587

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

104,247
26,696

LIABILITIES

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

148,458

1,064,468

CAPITAL ACCOUNTS

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

1,977

MEMORANDUM

Assets pledged or assigned to secure liabilies and for
other purposes
—




114

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
KENTUCKY
[In thousands of dollars]
Apr. 10,

June 30,

Sept. 26,

1956

1956

1956

89 banks

89 banks

275,060
290,091
4
38,874
16,199

289,817
260,655

Dec. 31,
1956
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 Keserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection..
_
_
_
_
__.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets

305,118
280,482
4
40,617
13,087

1,559
83,474
16,033

1,575
77, 506
13,499

1,579
79,411
17, 990

1,617
85,133
20,065

78,606
6,873
138

83,745
7,040
162

71,450
7,150
' 155

131,846
7,158
203

193
1,133
530

198
22
1,105
471

193
36
1,105
530

182
30
1,101
378

808,767

789, 589

786,110

887,021

500,643

475, 965

475, 626

549, 533

135,977
15
15,842
43,129
36,542
4,712
786,860
592,710
144, 150

139,176
15
20, 256
43,005
34,889
5,600
718,906
571,281
147,625

140,871
15
18,182
44,113
27,896
4,575
711, 278
560,749
150,529

141,625
15
16,500
45,466
56,296
5,217
814,652
660,675
154,077

1,115

90

1,395

2,672
1,980
439

22
2,749
1,293
692

36
2,894
1,816
632

30
2,893
1,247
900

743,066

Total assets..

38,865
14,925

291, 605
259,190
4
41, 592
14,120

723,752

718,051

819, 722

19,070
32,805
12,040
1,786

19,270
33,292
11,699
1,576

19,420
33,412
13, 549
1,678

21,465
32,698
11,489
1,647

65,701

>5,837

LIABILITIES

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

_

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

Capital stock: Common stock
Surplus
_
_
Undivided profits
_

_

_

___

Total capital accounts
Total liabilities and capital accounts

68,059

67,299

786,110

808,767

887,021

73,495

72,754

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




70,000

73,166

REPORT OF THE COMPTROLLER OF THE CURRENCY

115

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
LOUISIANA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

41 banks

41 banks

41 banks

41 banks

590,261
628,550

618,922
587,568

628,774
594,536

660,914
591,107

108,178
18,467

109,311
18,820

110,909
21,057

115,077
24,395

204,777
23,409

2,721
182,662
19,036

2,948
210,634
26, 225

2,972
210,873
27,663

189,904
15,689
644

262,351
16, 284
605

221,008
16, 636
655

325,064
16,455
649

550
3,955
4,243
1,618

500
3,250
4,644
1,296

500
3,137
4,300
1,458

500
3,530
5,081
1,267

1,792,911

1,827,970

1,842, 777

1,985,547

ASSETS

Loans and discounts (including overdrafts)
IT. 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 assetsLIABILITIES

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

895, 713

877,996

928,829

980,235

230,005
51
25, 792
288,163
203,010
11,823
/, 654,557
1,418,855
285,702

236,460
51
32.988
299, 655
230,415
23, 477
1,701,042
1,453,864
247,678

243,406
51
33, 782

256,078
51
32,174
272,878
276, 444
31, 236

215,103
15, 950
1,703,680
1,449,524
254,106

1,849,096
1,584, ®%9

6,275

15,000
50

4,143
3,611
5,384
236

3,762
5,977
836

3,251
4,136
7,176
595

4,467
3,929
8,354
1,699

1.682,981

1, 715, 503

1, 725,063

1,867, 545

30,013
55,933
23,646
338

30,463
57.339
24,098
567

31,338
22,034
353

31, 738
65,164
20,520
580

109,930

Total liabilities..

50

112,467

117,714

118,002

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus.
DIUS
_
Undiv
livided profits.
Total capital accounts
Total liabilities and capital accounts

_

1,792,911

1,827,970

1,842,777

1,985,547

535,395

418,594

422,314

426,263

MEMORANDUM

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




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, 1956—Continued
MAINE
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

31 banks

31 banks

31 banks

30 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

_

130,568
87,605
9
13,201
9,602

136,950
84,725
21
16,215
9,778

656
25,456
6,314

658
24,340
6,315

24,037
3,769
201

23,358

306
327
245

140,895
21
15,826
9,442

141,707
80,783
9
12, 455
8,732

25,528
8,540

666
24,661
7,747

21,386
4,128
175

28,202
4,294
148

298

312
365
435

315
410
254

302,296

307,275

312,099

310,383

142,378

144,544

145,777

150,058

96,166
7
6,457
10,588
9,351
3,014
267,961
170,050
97,911

98,016
7
8,020
12,874
8,093
3,718
275,272
175,510
99,762

99,480

98,068
7
6,325
13,358
6,674
3,587
278,077
179,009
99,068

2,950
1,426
673
190

200
1,893
543
411

1,315
2,072
730
463

100
2,121
830

273,200

278,319

282,216

281, 516

10,209
11,349
6,503
1,035

10,419
11,572
5,849
1,116

10,469
11,722
6,590
1,102

11,643
5,792
1,063

162

LIABILITIES

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

6,905
15.209
7,126
3,132
277, 6S6
176, S60
101,276

CAPITAL ACCOUNTS

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

29,096

28,956

29,883

302,296

307,275

312,099

310,383

27,064

22,872

23,747

22,127

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

117

Assets and liabilities of national bankst by Statest at date of each call during year
ended Dec. 31, 1956—Continued
MARYLAND
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

57 banks

57 banks

57 banks

56 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 Keserve
bank
___
_
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
_..
Income earned or accrued but not collected
Other assets

326,547
332,530

335,112
327,801

340,326

344,691
353,135

71,336
12,821

72,243
12,650

72,289
12,990

73,372
12,162

1,726
107,908
18,326

1,766
105,626
12,873

1,769
107,837
19,672

1,862
103,348
21,002

101,805
8,905
126

102,606
8,917
109

96,265
9,361
161

134,886

250
80
1,969
2,219

270
72
1,637
2,255

272
101
2,262
2,233

287
107
1,549
2,711

983,937

995,307

1,058,765

511,138

501,940

503,128

564,272

198,942

199,605

200,141

200,929

34,397
72,280
4,708
907,808
699,018
208,785

41,346
95,426
61,534
4,164
904,015
691,660
212,455

43,526
89,852
66,361
5,107
908,115
696,104
212,011

33,442
86,213
87,288
6,780
978,924
764,955
218,969

950

900

5,600

2,015
1,834
321

72
2,423
1,884
762

101
2,531
2,395
711

107
2,615
2,732
1,173

913,003

910,056

919,453

985,551

17,100
41,460
10,789
4,196

17,225
41,660
10,412
4,584

17,325
41,615
11,801
5,113

16,725
40,976
11,350
4,163

73,545

73,881

Total assets.

*«8

LIABILITIES

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

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

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

75,854

73,214

995,307

1,058,765

163,841

158,300

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




160,733

162,849

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, 1956—Continued
MASSACHUSETTS
[In thousands of dollars]

Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

110 banks

110 banks

109 banks

110 banks

788,822
1,583
144,068
47,869

1,683,952
753,526
1,582
164,095
40,772

1,770,012
789,862
1,597
142,261
42,176

1,758,218
829,466
1,597
134,502
38, 757

9,755
400,216
51,156

9,756
412,079
34,985

9,776
385, 229
52,539

9,976
387,014
61,087

285,079
31,977
269

317,959
32,271
248

307,245
33,251
303

418,765
34,483
448

278
18,771
8,365
5,726

219
20,931
7,300
4,913

215
27,480
9,138
5,508

213
30, 981
7,949
4,655

3,463,569

3,484,588

3,576,592

3,718, 111

2,036,765

2,150,121

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—

1,993,502

442,613
438,381
441,830
431,298
1,552
1,552
1,552
1,552
87,800
120, 111
78,778
127,805
130,402
194,173
157,684
351,362
351, 538
346, 837
371,922
45,470
78,302
46, 295
68,377
8, 052,701 8,091,276 8, 158,768 8,296,221
2,567,295 2,611,997 2,675,750 2,840,947
485,406
479,279
455,274
483,018
4,635

5,140

325

22, 782
16, 517
14,094
15,305

28,752
17,529
18,271
23,784

32, 524
17,307
17,058
23, 511

3,145,741

_

29,875
20,699
15,628
16,458
10,380

3,164,609

3,252,244

3,386,946

35
80,494
80,529
173,935
46,795
16,569

35

35
80,744
80,779
174,496
52,741

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

174,366
48,661
16,323

179,159
52,772
16,295

317,828

319,979

324,348

331,165

3,463,569

3,484,588

3,576, 592

3,718, 111

254,091

253,044

238,740

209,627

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

119

and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1956—Continued
MICHIGAN
[In thousands of dollars]
Apr. 10,
1956

June 30,

Sept. 26,
1956

Dec. 31,

1956

77 banks

77 banks

75 banks

75 banks

1,559,388
1,496,869
15
261,144
29, 757

1,600,678
1,431,750
15
260, 286
29, 610

1,630,300
1, 430,287
22
267,940
27,720

1,666,684
1,475,382
22
274, 563
26,152

7,837
430, 825

7,942
355,260
47,925

8,043
428,870
71,939

8,563
376,388
73,291

297,496
32,478
425

376,106
33,093
591

294,853
33,087

385,298
34,241
1,041

3,807
5
11, 593
5,146

4,165
28
7,965
4,793

4,364
13,888
3,765

4,818
97
10,493
4,211

4,202,772

4,160, 207

4, 216,076

4,341,244

1,953,616

1,982,679

1,

2,130, 694

1, 231,496
35
216,488
257,272
178,305
30,868
3,897,812
2,592,152
1,305,660

1,259,377
35
150,951
233, 624
204, 611
35,045
4,014,337
2,684,921
1,329,416

1956

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 corporatos
_
rations
l
Postal savings deposits
Deposits of TJ. 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
_

1, 229, 251 1,242,071
35
35
128,322
174,366
257, 343
238, 411
183,045
156,479
32,062
36, 422
3,783,674 3,830,463
2,489,403 2,520,832
1,294,271 1,309,631
25,000

3,600

54

104

101

101

5
29, 540
24,073
3,399

29, 509
20,403
2,791

32,669
24,893
2,565

97
33,160
20,648
3,031

3,954,455

Total liabilities....

113, 710

3,908,298

3,961,640

4,071,374

1,000

1,000
68,185
69,185
131, 261
46,096

1,000
67,794
68,794
130,671
49,830
5,141

1,000
72,202
73,202
147,132
44,171
5,365

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

_

67,469
129,384
45,820
5,644

5,367

248,317

251,909

254,436

269, 870

4,202, 772

4,160, 207

4, 216,076

4,341,244

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




420,831

387,228

120

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by Statest at date of each call during year
ended Dec. 81, 1956—Continued
MINNESOTA
[In thousands of dollars]
Apr. 10,
1956

Total assets

~-

Sept. 26,
1956

Dec. 31,
1956

177 banks

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
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

June 30,
1956
177 banks

178 banks

178 banks

1,078,860
664,399
6
169,136
48,266

1,125,328

1,130,950
636,820

16
169,116
48,845

160,974
47,850

1,134,829
656,760
5
164,113
47,605

248,718
24,075

4,368
209,110
21,004

4,393
260,631
26,683

4,467
222,088
26,257

273,338
14,726
649

302,350
15,273
701

303,410
16,396
744

420,301

3,895
1,531
6,426
1,449

4,147
1,020
6,446
1,650

4,437
1,184
6,827
1,737

5,187
846
6,433
1,824

2,539,836

2,544,007

2,603,041

2,708,828

1,135,780

1,113, 547

1,134,766

1,267,577
608,177
68
69,414
147,449
358,954
25,550
2,477,189
1,856,239
620,950

17,141
972

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 unpaidOther liabilities
Total liabilities

691,384
68
51,266
148,367
360,162
18,350
2,805,877
1,702,662
602,816

177,201
304,133
21,496
2,289,180
1,688,878
605,802

600,085
68
73,721
130, 519
356,817
20, 534
2,816,610
1,708,686
612,874

12,750

31,900

54,050

2,680

1,531
15,560
12,166
2,596

1,020
16,351
11,251
2,668

1,184
16,832
15, 588
3,295

846
17,395
12,192
4,122

2,349,980

2,352,370

2,407,459

60,346
85,052
33,305
11,153

60,346
85,386
34,876
11,029

37,753
11,195

79,337

171

2, 514, 595

CAPITAL ACCOUNTS

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

60,746

189,856

191,637

195,582

194,233

2,539,836

2,544,007

2,603,041

2,708,828

402,168

414,520

437,792

MEMORANDUM

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




61,846
87,285
35,085
10,017

REPORT OF THE COMPTROLLER OF THE CURRENCY

121

Assets and liabilities of national banksy by States, at date of each call during year
ended Dec. 31, 1956—Continued
MISSISSIPPI
[In thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

27 banks

27 banks

27 banks

82,974

79,818

102,977
82,570

105,622
82,905

34,581
2,604

34, 748
2,684

2,473

36,342
2,293

580
26,407
6,918

610
26,071
5,128

617
26,348
7,066

27, 794
7,658

38,004
3,177
18

40,171
3,359
100

40,910
3,738
86

45,799
3,786
214

500
363
326

500
350
394

500
360
448

500
354
491

292,143

Total assets.

Sept. 26,
1956

27 banks

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

June 30,
1956

292,579

304,156

314,386

152,948

147,930

155,085

162,970

52, 784

53,243

54,078

55,377

8,001
34,157
20,991
812
269,698
214,665
55,028

8,412
38, 594
18,840
1,523
268,542
218,054
55,488

8,355
41,084
19,892
666

7,683
33,541
29, 760
1,408
290,739
288,176
57,568

624
17

100
704
621
201

200
769
951
17

764
456
192

271,003

270,168

281,097

292,151

6,003
13,450
1,498
189

6,305
14,245
1,747
114

6,380
14,321
2,202
156

6,505
15,184
353

628

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of TJ. 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

279,160
222,887
56,823

CAHTAL ACCOUNTS

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

21,140

22,411

23,059

22,235

292,143

292, 579

304,156

314,386

60,040

57,327

63,861

61,740

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. SI, 1956—Continued
MISSOURI
[In thousands of dollars]
Apr. 10,
1956

Total assets

_

Sept. 26,
1956

Dec. 31,
1956

76 banks

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

June 30,
1956
76 banks

76 banks

76 banks

877,826
594,025
457
103,501
30,139

891,238
564,517
457
100,466
28,371

907,040
549,373
457
96,545
28,952

904,098
626,924
463
101,042
27,157

251,476
20,519

4,481
264,375
17,507

4,546
257,695
22,891

4,557
296,724
24,367

287,498
17,130
1,004

265,673
17,500
1,023

282,967
17,923
979

392, 768
10,678
948

950
1,401
3,809
2,062

957
2,026
3,872
1,782

979
2,277
3,829
1,387

974
1,167
3,723
1,230

2,196,266

2,164,245

2,177,840

2,396,820

1,158,391

1,144,763

1,150,377

1,258,933

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.)

293,291
291, 712
295,522
538
538
538
50,355
76,199
61,915
88,195
85,361
69,076
428,427
385,306
403,660
11, 865
11, 552
11,263
2,029,488 /, 997,010 1,992,851
1,729,806 1,698,885 1,689, 276
299,677
SOS, 075
SOS, 675
11,958
45
23
23
2,044
1,450
2,400
5,011
5,273
4,945
8,099
7,433
5,622
1,307
878
1,546

299,624
538
44,251
130,475
475,112
17,051
2,225,98A
1,905,086
820,9A8

2,044,242

2,011,301

2,021,411

2,240,877

47,463

47,488
66,433
35,211
3,812

47,958
67,963

34,148
4,108

4,226

48,008
68,628
35,416
3,891

__

152,024

152,944

156,429

155,943

Total liabilities and capital accounts

2,196,266

2,164,245

2,177,840

235,589

236,376

235,131

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..

23
1,167
5,259
6,845
1,536

CAPITAL ACCOUNTS

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

Assets pledged or assigned to secure liabilities and for]
other purposes
_____




252,374

REPORT OF THE COMPTROLLER OF THE CURRENCY

123

and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1956—Continued
MONTANA
[In thousands of dollars]
Apr. 10,
1956

Sept. 26,
1956

Dec. 31,
1956

40 banks

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
_

June 30,
1956
40 banks

40 banks

40 banks

132,223
117,745

134,408
118,621

134,556
128,330

17,001
9,601

17,384
10,204

16,918
10,048

18,671
10,022

451
38,815
5,308

452
33,624
4,734

453
37,330
5,457

456
34,026
4,880

35,568
4,849
200
12
1,041

40,355
5,057
220
7
1,139
62

49,464
5,254

361,174

Total assets..

124,358
120,966

358,205

370,075

386,854

211,481

202,104

217,358

221,169

71,940

74,169

76,240

80,150

4,824
33,256
15,363

5,693
36,456
11,871
4,847
885,140
260,600
74,540

6,288
26,505
14,976
3,083
844,450
267,888
76,617

4,820
36,186
16,397
3,313
862,085
281,487
80,548

350

900
7

890
23

12
2,477
1,254
27

2,056
107

2,864
1,521
114

342,800

339,260

350,113

367,034

7,333
7,702
3,114
225

7,333
7,772
3,625
215

7,333
7,772
4,641
216

7,433
7,973
4,145

4,588
171
6
749
174

113

LIABILITIES

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

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

2,960

889,824
267,687
72,187

2,057

500

CAPITAL ACCOUNTS

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

18,374

18,945

19,962

19,820

361,174

358,205

370,075

386,854

61,723

62,281

61,846

66,313

MEMORANDUM

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




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, 1956—Continued
NEBRASKA
Pn thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

123 banks

123 banks

123 banks

392,682
327,513

409,461
312,356

398,353
319,857

404,161
336,356

86,504
19,503

84,575
16,825

83,919
16,857

85,504
16,802

1,790
123,343
12,358

1,793
113,396
10,654

1,806
126,104
12,529

1,807
120,246
11,999

137,094
7,464
656

130,944
7,647
685

130,960
7,623
752

175,093
7,914
156

5
2,113
425

5
2,082
392

2,144
459

2,087
356

1.111,450

1,090,815

1,101,363

1,163,481

637,298

618,298

635,029

111,904
29
30,049
85,637
150,845
5,928
1,021,690
909,521
112,169

111,348
29
32,006
86, 614
130,429
10,601
989,325
877,728
111,697

110,934
29
33,063
78,397
137,739
8,489
1,003,680
892,520
111, 160

2,845

14,166

7,474

250

5
2,229
2,441
113

5
2,354
1,992
208

2,389
2,671
188

2,350
2,208
340

1,029,323

Total assets.

Sept. 26,
1956

123 banks

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

June 30,
1956

1,008,050

1,016,402

1,079,192

25,625
33,134
17,363
6,005

25,625
33,378
17,906
5,856

25,675
33,518
20,017
5,751

25,675
33,778
19,537
5,299

1,000

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

109,668
29
31,038
70,766
157,154
6,604
1,074,0U
964,142
109,902

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
-

_
—
-

--.

Total capital accounts
Total liabilities and capital accounts

82,127

82,765

84,961

1, 111, 450

1,090,815

1,101,363

1,163,481

174,459

181,724

182,850

175,680

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OP THE CURRENCY

125

Assets and liabilities of national banksy by Statesf at date of each call during year
ended Dec. 81, 1956—Continued
NEVADA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

3 banks

3 banks

3 banks

3 banks

95, 775
78,696

94,925
94,878

98,261
86,537

8,486

7,209

6,940

8,532
6,882

327
17, 980
3.296

327
19,020
3,403

327
20, 256
3,755

327
17,368
3,697

12,290
3,395
22
753
356

9,216
3,463
22
857
349

14, 457
3,613
256

12,312
3,804
9
834
231

224, 606

245,884

238,794

103, 284

99,171

116,662

110,808

67, 749

68,426

69, 546

73,089

5,280
30, 499
1,012
2,408
210,232
1S7, 880
72, S52

5,823
31,494
1,408
2,288
208,610

5,431
34, 406

72,230

2,113
229,101
156,275
72,826

3,775
30,065
1,650
2,363
221, 750
145, 480
76,270

1,514
1,797

990
884

1,098
1,337
227

1,056
1,477
9

214,526

Total assets.

89,496
85,145

228, 215

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations 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
Income earned or accrued but not collected
Other assets

210, 490

281,763

224, 292

5,400
5,500
2,739
50

5,400
5,500
3,166
50

5,400
5,500
3,171
50

5,400
5,500
3,552
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..

1S6,380

943

CAFITAL ACCOUNTS

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

14,116

14,121

14,502

224, 606

Total liabilities and capital accounts

245,884

238, 794

53,364

54,085

54,374

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes

432389—57

9




53,631

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. SI, 1956—Continued
NEW HAMPSHIRE
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

51 banks

51 banks

51 banks

50 banks

113,169
63,740
33
16,124
3,593

118,453
60,490
33
18,387
3,434

118.671
67,559
33
18,979
4.026

120,873
67,803
33
16,194
3,769

552
7.195

561
23,429
5,447

567
22,057
7.862

24,862
8.445

25,765
2,702
240

29,986
2,706
273

2,772
483

2,732
521

56
7
186

54
2
221

54
4
251

57
12
165

255,631

263,476

271,347

281.628

142,296

146,890

151,912

158,934

46,796
15

46,623
15
8,559
13,603
11,113
7,389
234,192
187,196

46,887
15
8,248
16,606
10, 501
6,823
240.992
193.626
47,366

45,320
15
8,856
18,864
11,224
9,610
252,823
206,878
45,945

1.900
553
323
14

1,404
617
375
176

1,527
699
427

310
764
415
187

229,050

236,764

243,694

254,499

6,219
12,249
6,694
1,419

12,587
6.394
1.462

12,637
7.209
1.538

6,319
12,888
6,271
1,651

ASSETS

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

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

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

14.594
10,292
5,379
178,913
47,847

CAPITAL ACCOUNTS

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

26,581

26,712

27.653

27.129

255,631

263,476

271,347

281,628

17,971

17,451

17,690

16,839

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

127

and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1956—Continued
NEW JERSEY
[In thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

182 banks

180 banks

174 banks

1,059,851
410
330,821
66,002

1,342,902
1,049,453
409
335, 700
63,997

1,
1,084; 768
374
352, 702
64,843

1,409,274
1,114,452
379
351,038
61,054

5,530
262,309

5,562
255, 613
47,333

5,730
270,509
72,876

5,876
273,305

239,237
39,086
779

252,275
39368

217,374
41, 621
801

299,841
42,410

762

334
51
6,116
3,674

334
33
7,396
3,460

329

180
6,724
3,925

347
82
7,871
3,474

3,370,889

Total assets.

Sept. 26,
1956

186 banks

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

June 30,
1956

3,404, 597

3,521,383

3,653,866

1,440,890

1,478,725

1, 516,907

1,648,713

1,236,671

1,268,189

1,315, 704

1,311,914

62, 756
237,209
51,038
49, 691
8,078,255
1,818,006

80,156
201, 264
54,264
57, 400

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...

8, 139,998

1,851,221

82,093

221,015
49,300
55, 614
3,240,638
1,90S, 622
1,387,011

68,350
221,497
56,093
71,312
8,877,879
2,045,488

1,260,249

1,288,777

31, 751

3,595

112
51
15, 730
10,076
1,117
3,137,092

64
33
16,400
8,055
2,359

180
18,071
12,203
1,735

50
82
18,249
10,269
2,753

3,170, 504

3,279,191

3,409,732

72,041
72,796
110, 457
42,850
7,694

60
72,738
73,498
111, 337
41,218
8,045

679
60
74,523
75,262
114,153
44,607
8,170

679
60
77,709
78,448
117,754
40,183
7,749

1,382,896
450

64

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

233,797

234,093

242,192

244,134

3,370,889

3,404,597

3,521,383

3,653,866

236,964

238,930

250,528

236,137

MEMORANDUM

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




128

REPORT OF THE COMPTROLLER

OF THE

CURRENCY

Assets and liabilities of national banksf by States, at date of each call during year
ended Dec. SI, 1956—Continued
NEW MEXICO
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

25 banks

25 banks

26 banks

26 banks

135,403
128,729

137,977
118,192

144,170
134,201

142,663
149,023

12,411
1,309

13,179
1,709

12,996
1,808

429
43,616
5,965

429
45,542
5,794

12,922
1,908
442
35,094
7,131

62,027
4,168
317

59,449
4,521
344

51,429
4,802
412

70,963
5,075

75
358
183

75
330
150

75
330
164

337
176

394,990

387,691

393,080

426,557

197,229

186,377

191,072

214,709

66,591
11
13,069
81,802
11,935
3,291
863,076
281, 485
81,641

68,940
11
14,086
78,447
11,145
3,802
S67,508
284,651
82,952

14,485
81,078
14,203
6,116
401,907
S17,565
84,842

1,000

100

1,270
519
532

1,398
749
458

20
1,476
735
542

370,208

404,680

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
Investments and other assets indirectly representing
bank premises or other real estate
_
Income earned or accrued but not collected
Other assets
--Total assets.

445
35,307
7,425

LIABILITIES

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

66,080
13,903
74,889
16,390
3,164
871,666
289,981
81,685

1,251
640
582
374,139

CAPITAL ACCOUNTS

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

7,215
7,095
2,568
3,973

7,265
7,120
2,808
4,101

7,475
7,240
4,046
4,111

7,500
7,405
2,482
4,490

20,851

21,294

22,872

394,990

387,691

21,877
426,557

98,186

93,736

94,539

98,478

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT Of THE COMPTROLLER Of THE CURRENCY
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1956—Continued
NEW YORK
[In thousands of dollars]
Apr. 10,
1956

295 banks

291 banks

4, 711, 724
2, 263,142
143
845, 349
187. 979

4, 941, 992
2, 237,982
149
771, 084
160, 209

5,093,977
2, 277, 828
155
774,091
138,895

5,236,987
2, 302,354
141
716, 364
127,117

30, 707
1,197, 911
97,134

30, 670
1,174, 425
71,046

30,831
1,114,918
102,301

30,911
1, 242, 744
118,025

676,955
72,266
1,126

870,910
73,277
1,071

821,453
75, 595
1,345

1,073,023
84,176
1,547

2,972
21, 690
65, 287

2,934
54, 468
26,744
76,120

3,026
53,198
20,137
55, 513

3,131
63,539
29,172
54,738

10, 214,374

Total assets

Sept. 26,
1956

298 banks

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

June 30,
1956

10,493,081

10, 563,263

11,083,969

4, 999, 976

5,103,011

5, 048, 511

5, 558,182

1, 924, 611

2, 005,423

2,047, 996

2, 061, 606

272,155
455, 611
973, 792
303, 638
8,929,783
6, 640, 722
2,289,061

336, 045
438, 072
1,099,316
311, 690
9,293,557
6,938,214
2,355,343

283,273
462, 238
1,039, 271
323,181
9,204, 470
6, 807,773
2,396, 697

275, 846
398, 768
1,207, 637
357, 483
9,859,522
7,481,164
2,378,358

Dec. 31,
1956

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

6,075

79,180

30

30

30

10

661
772
254
391

57,350
48,191
39, 870
161, 465

55, 479
52,301
46,986
230,244

66, 702
50,864
39,943
162, 622

9,332,231

Total liabilities..

109, 340

9, 606, 538

9,668, 690

10,182,233

249
65
297, 695
298,009
447,589
125,398
11,147

179
65
298,955
299,199
448,673
128,996
9,675

179
65
303,334
SOS, 578
449,752
131, 785
9,458

179
65
306,864
307,108
451,728
133, 547
9,353

44,
47,
40,
160,

2,570

CAPITAL ACCOUNTS

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

882,143

Total capital accounts
Total liabilities and capital accounts

_

894,573

901,736

10,214,374

10,493,081

10,563,263

11,083,969

1,118,124

1,011,417

1,050,925

940,712

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




130

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, 1956—Continued
NORTH CAROLINA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

46 banks

47 banks

47 banks

47 banks

Total assets.

272,990
171,425

168,482

289,114
172,675

289,550
188,691

37,518
12,508

35,288
15,365

36,021
12,388

37,071
13,423

1,224
58,469
15,404

1,343
51,784
10,485

1,353
63,830
19,106

1,481
56,350
18,847

81,598
7,930
221

96,290
8,047

305

8,305
280

111, 097
8,961
141

147
914

118
855
932

225
56
862
1,081

54
917
633

661,238

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
,._
---

676,167

379, 111

365,255

727,216

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

17,499
73,540
26,220
9,553

377,654

432,253

103,017

94,203

105,539

19,477
69,675
24,542
12,908
607,278
465,115
142,168

17,290
54,196
37,486
12,251

600,126
468,456
136,670

22,213
72,808
29,232
19,057
606,647
467,176
189,471

1,152

4,917

12,560

300

147
4,210
2,430
816

118
4,368
2,247
1,165

56

4,470
2,497
1,154

54
4,510
2,941
1,383

619,462

628,010

668,203

13,400
31,400
10,011
1,894

13,475
31,635
11,288
1,848

13,745
34,070
9,366
1,832

58,246

Total liabilities..

659,015
530,620
128,895

CAPITAL ACCOUNTS

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

12,150
28,675
9,673
1,859
52,357

56,705

661,238

676,167

119,253

121,782

59,013
727,216

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




133,364

110,942

REPORT OF THE COMPTROLLER OF THE CURRENCY

131

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1956—Continued
NORTH DAKOTA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

38 banks

38 banks

38 banks

38 banks

ASSETS

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

111, 587
98,917
11
12,858
9,475

119,460
99,883
11
13,058
9.731

119,358
107,113
11
14,329

410
26,344
3,494

419
26,021
3,143

426
26,271
3,968

432
28,728
3,876

29,755
3,148

19.737
3,368
513

22,816
3,435
512

24,512
3.429
513

849
219

1,052
159

917
258

867
144

292.699

Total assets.

104,384
102,092
5
13,075
8,441

287,260

300,746

313.100

159.289

152.901

74,480
6
4,721
19,055
10.502
1,894
269,947
191495
75,452

74,333
6
6,720
16,471
8,679
3.707
262,817
187,412
75,405

75.095
6
5,207
14,668
9.842
2.274
276.476
199,4S2
77,044

77,646
6
6,274
12.533
9,940
2.326
289,810
210.218
79,592

100
1,535
1,143
153

1,775
1,635
1,004
111

500
1,927
1,407
5

200
1,961
1,137
91

272.878

267,342

280.315

293,199

5,510
8,162
5,216
933

5.760
8,336
4,953

5,810
8,387
5,381
853

5,810
8,538
4,727

19,821

19. 918

20,431

19,901

287, 260

300,746

313.100

40,321

42,553

LIABILITIES

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

181.085

CAPITAL ACCOUNTS

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

292,699

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




36.916

132

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, 1956—Continued
OHIO
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1966

230 banks

230 banks

229 banks

229 banks

1,902,949
1,703,783
197
297,050
74,685

1,951,183
1,685,697
197
323,478
64,250

1,984,436
1,679,214
196
307,464
68,453

2,070, 440
1,696,145
195
293,425
63,243

8,815
527,963
82,211

8,891
506,393
64,038

9,023
552,493
93,458

9,379
519,349
99,722

394,404
47,113
244

464,234
48,521
240

450,596
50,499
456

604,375
52,376

2,621
313
8,913
5,394

3,027
104
8,413
4,892

3,077
34
10,050
5,842

3,127
87
8,407
4,606

5,056,655

5,133,558

5,215,291

5,425,184

2,494,668

2,554,435

2,571,862

2,809,767

1,280,811
190
134,197
407,163
230,106
60,141
4,607,276
8, 251, 496
1,355,780

1,294,800
190
158,033
421, 473
211,938
70,391
4,711,260
8, SS2,858
1,878,402

1,308,969
190
160,013
417,590
244,171
73,331
4,776,126
8,882,901
1,898,225

1,327,865
190
107,271
376,088
272,924
94,205
4,988,810
8,582,661
1,405,649

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
colle«tion
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

38,365

4, 515

8,408

258

38
313
22,545
20,054
5,575

104
24,373
20,537
6,861

34
26,302
24,669
6,431

87
26,596
23,658
6,667

4,694,166

4,767,688

4,842,008

5,045,607

120,536
174,804
62,874
4,275

121,024
175,941
64,514
4,391

121,446
179,284
68,235
4,318

124,723
190,711
59,796
4,347

CAPITAL ACCOUNTS

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

362,489

365,870

373,283

379,577

5,056,655

5,133,558

5,215,291

5,425,184

880,864

795,222

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




857,271

REPORT OF THE COMPTROLLER OF THE CURRENCY

133

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1956—Continued
OKLAHOMA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,

197 banks

197 banks

197 banks

197 banks

645,228
539,201
17
144,892
35,810

662,050
524,881
17
144,234
33,926

666,854
548,163
17
148,943
32,524

701,116
545,429

3,283
194, 548
21,955

3,353
189,278
18,866

3,412
200,967
24,809

3,428
160,105
24,651

274,661
15,688
875

335,170
15,857
798

307,639
16,024
1,165

418,573
16,534
556

2,511

3,005
429
2,226
915

3,505
653
2,441
1,019

3,681
1,957
2,415
2,434

1,882,466

1,935,005

1,958,135

2,067,773

1,063,847

1,088,292

1,130, 949

1,199,823

200,660
97
43,740
189, 657
202,025
13,902
1,718,928
1,501,588
212,340

205,966
97
61,827
167, 990
214,063
1,768,009
1,550,802
217,207

213,086
97
58, 928
151, 536
210,091
14,362
1,779,049
1,654,275
224,774

217,017
97
41,689
164,051
233,254
38, 758
1,894,689
1,665,442
229,247

5,000

300

5,780

2,453
5,369
549

429
2,372
5,328
1,353

653
2,634
6,955

1,957
2,642
6,401
1,373

1, 727,362

1,777,791

1, 795, 765

1,907,062

45,245
64,147
41, 237
4,475

45, 670
66, 565
40,547
4,432

45, 945
66,800
44,204
5,421

47,045
67, 797
41,073
4,796

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
collectionBank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets——
~_
.__
Total assets.

151,072
35,805

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..

29, 774

CAPITAL ACCOUNTS

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

157, 214

162,370

160,711

1,935,005

155,104

Total liabilities and capital accounts.

1,958,135

2,067,773

339,600

338,739

343,609

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




359,848

134

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, 1956—Continued
OREGON
[In thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

12 banks

12 banks

12 banks

755,954
484,001

783,232
462,353

803,590
461,975

781,971
506,861

156,029
13,007

151,599
13,231

151,600
13,706

156,744

2,782
186,808
13,159

2,782
149,027
13,121

2,783
177,501
14,464

2,784
183,834
14,716

103,422
21,258
182
5,552
1,503

105,092
21,582
146
22
6,504
1,910

110,023
22,469
22
188
5,303
1,774

109,866
22,565
118
180
6,484
2,545

1,743,657

Total assets-.

Sept. 26,
1956

12 banks

Loans and discounts (in eluding 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
_

June 30,
1956

1,710,601

1,765,398

1,802,064

810,450

764,673

823,121

801,918

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

556,265
562,467
569,421
14
13
13
19,224
28,104
31,192
152,116
142,555
121,110
26,332
27,453
27, 547
26,258
29, 537
1,590,659 1,552,2^8 1,601,847
598,764

954,455
597,793

571,924
13
13,748
191,813
26,755
33,040
1,689,211
1,085,746
608,465

300
105

33
188
10,789
10, 785
14,347

180
9,842
8,920
13,202

1,618,590

1,583,040

1,638,016

1,671,460

40,835
51,890
32,268
74

Total liabilities..

10,571
10,002
7,025

22
10, 529
7,176
13,032

40,835
51,905
34,741
80

40,865
51,915
34,524
78

40,865
51,965
37,677
97

CAPITAL ACCOUNTS

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

_.

Total liabilities and capital accounts

125,067

127,561

127,382

130,604

1,743,657

1,710,601

1,765,398

1,802,064

422,109

406,989

377,560

414,984

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

135

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1956—Continued
PENNSYLVANIA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

520 banks

516 banks

514 banks

510 banks

ASSETS

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

3,260,060 3,340,437
2, 229, 959 2,195,303
31
31
605, 226
214,031

3, 448, 617
2,138,965
31
644, 016
184, 703

3, 558,351
2,138,812
31
628,282
165,839

22,232
812,309
98, 015

22, 348
791, 572
138, 620

22,429
749,071
154,061

536, 957
88, 213
1,880

613, 489
1,834

584, 546
92, 340
1,429

831, 788
92, 620
1,545

3,404
6,717
11, 641
10, 351

3,663
8,009
13,197
9, 367

3,660
8,639
14, 700
9,528

3,822
5,828
14,393
10,422

7,887,056

Total assets

22, 241
774, 512
128, 393

7, 999, 954 8,083, 714

8,377,294

3,842,204

3,838,629

3,827,189

4,163,882

2, 236, 254
733
175,104
233, 060
413,425
67,176
6,967,956

2, 259,855
733
248, 894
263,389
406, 088
78, 455
7,096,043
4, 769,956
2,326,087

2,299, 951
733
205,262
285, 979
425, 760
68,914
7,113,788
4,741,280
2,372,508

2,314,196
733
144,251
277, 250
463, 417
111, 177
7,474, 906
5,100,581

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 by or for account of reporting
banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

2,301,154

69, 730

2,374,325

47, 520

28,422

54

44

7,271
29,091

8,655
31,140
21, 224
10,132

9,222
33, 526
29, 700
7,830

41
6,520
33, 896
30, 111
9,033

7, 083,121

7,195, 660

7, 263,839

7, 557, 521

50
208,003
208,053
476,312
108,807
10,763

50
208,635

50
210,041
210,091
478,074
120, 755
10,955

50
213,280
213,330
482,802
111, 323
12,318

803,935

804, 294

819, 875

819, 773

7,887,056

7, 999,954

8,083, 714

8,377,294

929, 662

921,396

866,622

813,683

4,261

3,014

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

476, 624
108, 431
10, 554

MEMORANDUM

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




136

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, 1956—Continued
RHODE ISLAND
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

5 banks

5 banks

5 banks

5 banks

Total assets.

254,470
120,531

262,520
105,468

262,851
105,045

265,275
113,872

45,385
2,737

45,972
2,937

49,859
2,637

48,884
2,667

1,239
37,325
9,818

1,239
45, 594
7,916

1,239
36,420
11,632

1,262
38,904
11,618

19,102
7,582
46
1,410
688
518

26,079
7,601
55
1,437
1,212
445

17,990
7,717
41
2,673
628
414

28,440
7,652
24
1,653
1,248
453

500,851

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

508,475

499,146

521,952

210,197

211,090

202, 222

221, 507

200,211
24
8,268

200,849
24
10,926
21, 552
6,478
10, 058

202, 973
24

460,977
259,688
201, 289

449,844

203,277
24
6,454
21, 258
6,866
13, 539
472,925
269,102
203,823

1,410
2,874
2,615
108

1,437
2,902
1,990
440

2,673
3,550
2,561
398

1,653
3,073
2,317
512

460,469

467,746

458, 526

480,480

11,130
21,160
8,019
73

11,130
21,170
8,364
65

11,130
21,170
8,253
67

12,245
21,290
7,868

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-

21,766
4,653

8,343
453,462
252,640
200,822

10,498
20,002
4,859
8,766
245,671
203,673

CAPITAL ACCOTJNT8

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

40,382

40,729

40,620

41,472

500,851

508,475

499,146

521,952

26,530

24,466

26,429

26,348

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

137

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
SOUTH CAROLINA
[In thousands of dollars]
Apr. 10,
1956

Sept. 26,
1956

Dec. 31,
1956

26 banks

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

June 30,
1956
26 banks

27 banks

27 banks

196,963
181,807

194, 708
174,660

27,233
10,451
900
51,956
14,379

27,908
8,778
901
50.732
10,554

69, 718
5,534
249

212,916
176,171

9,845

31,377
11,169

917
50,930
15,720

970
49,359
16,643

72,620
5,502
214

65,611
5,798
231

89,255
5,951
371

721
430

625
544

5
739
704

1
11
723
561

560.341

Total assets.

202, 504
179,012

547,746

560,502

595,478

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..

351,210

334,381

348,714

58,907
7
19,280
65,647
16,849
6,378
518,278
454,800
68, 978

59,732
7
20,670
60,913
16,652
12, 713
505,068
440,271
64,797

62,350
7
23,445
55,117
17,248
9,154
516,085
448,642
67,898

69,535
7
20,113
64,638
16.065
11,061
550,070
475,440

1,702
2,209
651

1,817
1,859
1,054

5
1,826
2,570
678

11
1.850
2,653
1,377

522,840

509,798

521,119

555,966

10.436
19.566

10,436
19.632
6.189
1,691

10,736
19,840
7,059
1,748

11.176
20.379
6,294
1,663

74,680

CAPITAL ACCOUNTS

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

6.029

1,470
37,501

37.948

39,383

!9,512

560.341

547.746

560,502

595,478

114,846

108,259

101,162

103,850

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




138

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by Statesf at date of each call during year
ended Dec. 81, 1956—Continued
SOUTH DAKOTA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

34 banks

34 banks

35 banks

34 banks

Total assets.

127,671
106,356
4
14,413
7,276

136,557
94,921
4
14.470

134,045
100,299
14.341
6,707

132.789
105,730
4
14,579
6,876

454
27,735
4,007

456
25,131
3 532

478
27,100
4.727

25,684
4.086

26,791
2,730
15

24,479

27,534
2,800
360
5
1,154
190

34,246
2,828
400

1,051
189

53
5
1,242
185

318.692

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 outstandings
Income earned or accrued but not collected
__
Other assets

310,470

319, 744

329,077

162,600

154,035

166,852

176,143

72,017

72,039

73,832

75,168

8,675
37,186
8,356
3,487
292,821
214.297
78.024

7,459
42,068
8,402
1,766
285,769
207,773

7,691
34,246
9,234
2,376
294.281
214,545
79,686

2,450

1,000

17

17

2,739

1,079

LIABILITIES

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

1,349
1,451

77,996

5
1,359
1,142
91

297,597

33,925
10,682
2,382
804,608

228 724
80,884

500
16

15

5
1,487
1,444
2

1,517
1,409
108

297,685

307.657

9,794
5,265
663

CAPITAL ACCOUNTS

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

5,113
796

5,523
9,733
5,048
783

5,723
9,783
5,782
771

21,095

21,087

22,059

21,420

5.523
9,663

318,692

310,470

319,744

329,077

64,896

61,427

60,023

59,023

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

139

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
TENNESSEE
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,

76 banks

74 banks

73 banks

73 banks

1956

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

786,738
488,285
6
110,941
15,912

837, 111
492, 924
3
111, 274
19,449

861,067
502,162
3
112,095
15, 571

3,511
194,909
31,395

3,522
191,499
26,295

3,524
197,726
36,001

3,544
178,226
38,993

269, 111
20, 684
335
3,233
2,767
1,428

291,100
20,812
311
163
2,667
1,543

257,439
20,921
321
3,728
2,930
1,668

363,164
21,329
347
10,272
2,724
1,013

1,957,404

Total assets

783,274
517,181
6
111, 455
18,115

1,939,794

1,985,019

2,110, 510

LIABILITIES

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

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

875,057

846,674

860,082

935,130

426,007
175
30, 590
151, 774
301, 656
13,082
1,798,841
1,851,608
446,788

433,098
176
40,046
167,352
282,327
14, 420
1,784,098
1,828,641
455,452

434,702
175

436,246
176
29,494
144,475
375, 715
17,827
/, 989,068
1,474,855
464,708

3,233
9,074
6,116
556

163
9,139
4,626
824

3,728
9,523
7,144
1,465

10,272
9,765
6,436
1,042

1, 817,320

1, 798, 845

1,841,361

1,966,578

41,825
72,359

41,800
72,494
25, 753
3,611

41, 850
73,297
25,091
3,694

149,356
298,195
14,378
1,794,951
1,881,266
468,685
24,550

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus
Undivided profits
Total capital accounts
Total liabilities and capital accounts

41, 765
72,028
23,177
3,114

3,482

140,084

140,949

143,658

143,932

1,957,404

1,939,794

1,985,019

2,110,510

231,453

232,845

259,764

225,470

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




140

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, 1956—Continued
TEXAS
[In thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

449 banks

451 banks

452 banks

3,274,186
1,930,836

3,295,669
1,832,077

3,309,354
1,903,153

3,433,268
2,021,333

343,046
97,441

358,519
96,051

362,825
101,177

367,427
102,725

14,676
807,537
93,901

14,900
815,282
80,182

15,009
781,300
104,539

15,460
831,197
107,892

1,373,764
116,787
7,128

1,590,670
128,562
7,171

1,442,825
129,765
7,974

1,872,907
132,560
7,876

5,005
18,920
10,313
17,629

5,135
10,043
10,612
6,101

5,180
33,306
11,263
6,663

5,234
71,301
11,076
6,154

8,111 169

Total assets .

Sept. 26,
1956

446 banks

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

June 30,
1956

8,250,974

8,214,333

8,986,410

4,534,685

4,571,430

4,657,733

4,923,785

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
___
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. GovernmentDeposits of States and political subdivisions
Deposits of banks
_
„_
Other deposits (certified and cashiers' checks, etc.)
Total deposits
_._
Demand deposits
__
Time deposits
Bills payable, rediscounts, and other liabilities for
borrowed money
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

_

909,228
906,823
879,883
1,171
1,171
1,166
141,620
190,072
168,685
619,551
646,381
542,456
1,154,108 1,206,133
1,122,412
90,318
66,849
76,568
7,m,697 7,587,908 7,475,848
6,283,801 6,416,726 6,815,449
1, HI, 896 1,171,177 1,160,894

899,122
1,166
163,413
648,753
1,457,409
147,380
8,241,028
7,091,218
1,149,810

22,425

1,394

25,607

20

20
11,232
12,035
26,012
2,779

11
12,939
30,567
3,819

73,590
12,382
29,570
4,190

7,509,629

7,641,375

7,586,789

8,360,878

225,713
263,257
93,698
18,872

229,978
266,350
93,460
19,811

231,178
268,750
107,903
19,713

236,793
278,520
87,730
22,489

21,433
11,854
28,236
964

118

CAPITAL ACCOUNTS

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

609,599

627,544

625,532

8, 111, 169

8,250,974

8,214,333

8,986,410

1,196,277

1,185,736

1,191,382

1,200,780

601,540

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

141

Assets and liabilities of national banksy by States, at date of each call during year
ended Dec. 31, 1966—Continued
UTAH
[In thousands of dollars]
Apr. 10,
1956

Sept. 26,
1956

Dec. 31,
1956

7 banks

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

June 30,
1956
7 banks

7 banks

7 banks

140,607
119,625

151,296
111, 856

167,026
95,300

177,948
102,304

16,096
3,512

16, 472
2,997

19,625
3,547

18,825

423
46,986
3,690

423
43,835
3,525

476
48, 792
4,400

494
46,766
5,199

31,566
1,033
8

24, 759
1,114

28, 206
1,222

35,993
1,229
2

4,200

4,300

4,750
3
54
236

121

4,450
3
297
117

368,818

360, 715

373, 469

396, 789

203,485

191,650

203,405

204,051

78, 726
7,174
34,364
18, 310
1,950
345,029
262. HO
82,089

80,615
1,020
9,495
36,112
16,013
1,694
336,599
252,621
83,978

90,400
1,020
8,845
27,818
14,943
2,059
348, 490
254,720
93,770

94,997
918
6,421
46,499
14,932
4,474
372,292
274,027
98,265

1,606
1,394
323

1,644
1,208
350

348,352

Total assets.

65
1,007

7,050
6,650
5,500
1,266

LIABILITIES

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

1,020

3
2,201
1,351

3
2,276
1,073
381

339,801

352, 405

376,025

7,050
6,660
5,936
1,268

7,050
8,410
4,636

7,050
8,690
4,661
20, 764

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus
Undivided profits
Total capital accounts

20,914

21,064

360, 715

20,466

Total liabilities and capital accounts

373,469

15,892

16,886

MEMORANDUM

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

432389—57-

-10




16,352

23,673

142

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, 1956—Continued
VERMONT
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Se]

Dec. 31,
1956

34 banks

34 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
Investments and other assets indirectly representing
bank premises or other real estate
Income earned or accrued but not collected
Other assets

76,061
48,002
11
11, 231
3,522

75,587
52,721
11
11,684
3,482

77,398
51,102
11
10,001
3,544

348
12,244
2,981

349
13,173
2,602

355
13,580

355
14,050
3,600

12,702
1,889
111

13,886
1,842
95

12,576
1,861
107

16,429
1,926
180

123
156
126

348
203
161

348
219
224

348
231
91

167,091

171,486

176,254

179,266

60,979

62,629

68,285

68,801

74,840

75,842
4
2,973
5,382
1,764
4,235
152,829
75,993
76,836

76,700
3
2,684
5,237
1,821
1,916
156,646
79,255
77,391

78,066
3
2,197
6,712
1,739
2,800
160,318
81,661
78,657

111
1,006
324
644

150
1,181
398
607

1,094
409
640

150,405

Total assets

74,342
48,064
11
10,440
3,554

154,914

158,982

162,461

5,295
6,299
3,833
1,259

5,295
6,356
3,606
1,315

5,295
6,556
4,145
1,276

5,295
6,598
3,743
1,169

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

2,338
5,938
1,664
2,196
147,959

71, m
76,475
725
1,011
196
514

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves

_

Total capital accounts
Total liabilities and capital accounts

16,686

16,805

167,091

179,266

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




10,905

9,741

8,970

REPORT OF THE COMPTROLLER OF THE CURRENCY

143

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
VIRGINIA
[In thousands of dollars]
A p r . 10,
1956

132 banks

June 30,
1956

S e p t . 26,
1956

Dec. 31,
1956

131 banks 131 banks 132 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

_

657,109
491,485
88
86,863
25, 624

680,023
464,219
94
91,313
23, 761

688, 914
472,990
91
93, 736
24,383

709, 615
495,174
91
95,311
26,505

2,999
144,280
34, 551

3,038
133, 813
28, 559

3,072
144,067
38,553

3,285
157,612
39,194

150, 248
19,185
640

176,394
19, 729
611

156,128
20, 569
660

213,765
21,126
695

703
376
1,509
1,854

839
333
1, 483
1,686

057
341
1,608
1,815

1,171
407
1,618
1,715

1,617, 514

1, 625,895,

1,647,884

1,767,284

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

761,118

741,295

776,007

444, 559
120
44,563
108,941
102, 426
16,034
1, 117, 761
976,684

451, 399
120
55, 209
111, 624
103,113
20, 209
1,482,969
976,346

465, 650
120
51, 704
79, 736
101, 814
19,021
1, M, 052
979,145

501, 077

506,628

614,907

3,175

7,250

10,960

67
376
5,579
5,085
291

62

62

333
3,666
1,018

1,492, 334

1, 500,967

35, 876
62,330
23,405
3,569

36, 211
63,120
22,124
3,473

341
5,152
336

789,670
466,880
121
46,013
121,989
157,165
39,370
1,621,214
1,104,041
517,173
3,130
53
407
5,884
5,252
1,356
1, 637, 296

CAPITAL ACCOUNTS

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

36,974
63, 795
26, 557
3,569

37,304
65, 449
23,287
3 948

125,180

124,928

130,895

129,988

1,617,514

1,625,895

1,647,884

1,767,284

251,128

260,582

252,421

258,625

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




144

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, 1956—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

lbank

lbank

lbank

lbank

ASSETS

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

3,290
5,463

3,463
4,371

3,625
5,708

2
1,041
661

2
1,060
415

2
1,335
481

2
1,228
599

45
7
12
44

64
7
75
9

61
8
12
5

89
5
72
8

11,362

10,385

9,738

11,336

2,509

2,310

2,552

2,582

4,263

4,296

4,321

4,482

278
3,660
46
37
10,793
3,491
7,302

162
2,919
29
52
9,768
2,762
7,016

139
2,008
19
32
9,071
3,241
6,830

203
3,355
8
35
10,666
3,183
7,482

50
15
65

51
42
16

55
18
52

58
43
44

10,923

9,877

9,196

10,810

150
150
94
45

Total assets

3,140
6,410

200
200
33
75
508

200
200
67
75

200
200
76
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

.._

439

__

542

526

11,362

10,385

9,738

11,336

4,521

4,172

3,172

4,088

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

145

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
WASHINGTON
[In thousands of dollars]
Apr. 10,
1956

Sept. 26,
1956

Dec. 31,
1956

28 banks

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

June 30,
1956
28 banks

27 banks

27 banks

1,003,825
536,275
8
166,741
35,525

1,059,183
496,877
3
161,224
30,984

1,070,125
525,408

1,081,840
554,290

152,032
30,090

152,166
30,834

3,727
226,367
27,214

3,727
219,577
23,470

3,717
271,018
30,856

3,743
237,316
31,902

28,512
746

203,289
29,671
768

261,481
30,912
1,099

197, 681
26, 941

480
286
4.781
1,413

1,574

1,465

2,232. 632

Total assets

320
4,654
2,186

2,219,949

2,325,550

2,392,577

1,170,293

1,122,194

1,210,837

1,276,439

580,345
9
41,863
147,120
85,507
19,005
2,044, 142

594,200
14
53,272
162, 519
81,040
17,143
2,080,882
1,423,691

600,127
14
61,120
148,020
91,494
18,527
2,180,189
1,517,184
618,006

480
199

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

i,w,m

692,848
3,500

4,200

9
33,866
168,653
84,252
19,664

2,208,491
1,569,448
684,048

2,100

82

82

50
330
11,421
11,233
2,568

286
11,619
8,376
4,235

199
13,404
12,566
3,763

360
11,857
10,744
2,957

2,073,244

2,059,180

2,162,253

2,229,491

49,158
75,087
34,156
987

49,158
75,091
35,538
982

49,058
74,844
38,512

49,558
75,324
37,303
901

CAPITAL ACCOUNTS

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

159,388

160,769

163,297

163,086

2,232,632

2,219,949

2,325,550

2,392,577

348,410

364,144

356,254

369,276

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




146

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, 1956—Continued
WEST VIRGINIA
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,

76 banks

76 banks

76 banks

76 banks

1956

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

207,105
259, 810
5
28, 052
8,013

216,342
251,920

220, 540
253, 529

217,050
260,864

28,114
8,148

26, 212
7,657

26,633
7,955

1,325
60, 494
16, 997

1,336
58, 468
14,065

1,340
60, 209
18, 483

1,345
65, 937
17, 735

64,054

73, 081

185
259

224
298
594

66,387
7,020
174
210
660

83,349
6,867
131
304
672

653,837

659, 491

662, 421

688,842

329,483

331,962

169, 697
186
12, 703
42,830
31, 229
5,557
591,090
419,165
171,925

171,114
186
14,363
47,638
32, 443
13,136
598,868
425,622
173,246

171, 401
186
14,443
46, 573
28,544
8,607
699,237
425,92S
178,814

161,069
186
18, 609
49,850
38, 721
25,379
625,776
462,992
162,784

2,380

150

75

900

7
1,287
1,332
301

7
1,258
1,371
455

4
1,446
1,603
415

4
1,190
1,947
511

596,397

602,109

602, 780

630,328

16,056
28,093
11,044
2,247

16,056
28, 551
10,418
2,357

16,156
28,466
12,477
2,542

16,156
29,144
10,401
2,813

57,440

57,382

59,641

58,514

LIABILITIES

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

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

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

653,837

659,491

662,421

688,842

103,971

102,212

99,708

104,856

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

147

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1956—Continued
WISCONSIN
[In thousands of dollars]
Apr. 10
1956

Dec. 31,
1956

95 banks

95 banks

95 banks

658,091
619,713

687,090
564,800

689,742

700,467
595,760

93,105
62,538

92,143
60,663

89,834
59,110

87,897
50,808

2,889
172,696
23,721

2.896
155,099
20,057

2,932
166,166
25,134

2,944
181,839
25,287

175,285
13,352
222
112
4,137
2,601

183,207
13,475
303
51
3,544
2,672

175,437
13,666
391
51
4,102
2,650

244,888
13,875
463
57
3,391
2,990

1,828,462

Total assets.

Sept. 26,
1956

95 banks

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

June 30,
1956

1,786,000

1,812,835

1,910,666

826,199

837,086

844,025

948,918

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

-

526,098
1,061
49,872
80,372
138,130
17,809
1,689,541
1,100,430
539, 111
56,250

528,045
532,419
1,061
1,061
74,082
65, 513
68,078
65,118
118,860
141,401
22,077
22,139
1,649, £89 1,671,676
1,109,695 1,127,818

535,439
1,061
39,539
68,052
139,146
47,356
1, 779 511
1,287 816

548, 858

541 695

2,500
22

112
4,386
5,305
2,011
1,707,633

51
4,672
5,287
2,736
1, 664, 557

1,000

100

22
51
4,799
7,920
2,518

22
57
4,999
2,785
2.861

1,687,986

1,790,335

50
32,245
82,295
65,500
23,407
3,647

50
32,245
32, W5
66,087
18,146
3,803

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
31,645
31 695
64, 664
21,020
3,450

50
32,245
32,295
64,415
21,212
3,521

120,829

121,443

124,849

120,331

1,828,462

1,786,000

1,812,835

1,910,666

215,370

218,684

99,182

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




148

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, 1956—Continued
WYOMING
[In thousands of dollars]
Apr. 10,
1956

Dec. 31,
1956

25 banks

25 banks

25 banks

79,242
94,546

84,172
90,312

85,255
93,708

84,136
102,344

10,710
4,131

10,746
4,640

11,082
4,308

10,969
3,905

346
22,650
4,032

356
23.174
4,020

356
20,945
4,332

372
23,855
4,647

27,790
1,661
372
303
338

26,981
1,850
431
431
100

29,734
1,940
492

335
114

34,462
1,803
617
421
91

246,121

Total assets.

Sept. 26,
1956

25 banks

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

June 30.
1956

247,213

252,601

267,622

123,301

122,036

128, 725

135,612

53,557
18
5,769
32,411
10,474
1.100
226,680
168,202
58,428

55,266
18
6,272
33,766
9,727
1,607

55,349
18
5,837
31,193
10,594
2,037

228,692
167,404

2SS, 758

61,288

172,725
61,028

56,945
18
4,984
37,993
11,072
1,579
248,203
186,002
62,201

1,575
1,054
526
3

650
1,027
416
46

100
1,126
681
17

724
68

229,788

230,831

235,677

250,088

2,995
8,355
4,120
863

2,995
8,355
4,145
887

2,995
8,355
4,687
887

3,095
9,090
4,389
960

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

16,333

16,382

16,924

17,534

246,121

247,213

252,601

267,622

53,932

53,024

52,208

54,231

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, 1956
Banks with capital stock o—
f
$25,000

Number of national banks with trust powers but not administering trusts
._
Number of national banks with trust powers administering
trusts

$25,001 t o
$50,000

$50,001 t o
$100,000

$200,001 t o
$500,000

$100,001 t o
$200,000

Total

$500,001 and

over

6

41

81

59

37

12

236

7

36

198

352

427

466

1,486

13

77

279

411

464

478

i 1, 722

Total assets of national banks with trust powers but not administering trusts
$10,226,631
Total assets of national banks with trust powers administering
trusts
16,355,250

$125,114,955

$395,632,331

$531,464,543

$556,477, 543

$1,364,966,888

$2,983,882,891

124, 551,663

1,169,998,089

3,161,695,240

7, 576,858,945

83,294,787,678

95,344,246,865

26,581,881

249,666,618

1,565,630,420

3,693,159,783

8,133,336,488

84,659,754,566

98,328,129,756

193,793
5,310
80, 591

3,823,926
272,651
440,769
1,873,389

47,108,846
1,715,111
5,374,305
3,559,749

280, 288,275
8,625,218
27,361, 689
24, 233,180

1,016,961,034
22, 508,397
86,386,627
122,636,498

26,534,145,120
503,011,309
975,521,144
9,334,023,727

27,882,520,994
536,137,996
1,095,165,125
9,486,326,543

279,694

6,410,735

57,758,011

340, 508,362

1,248,492,556

37,346,701,300

39,000,150,658

79,787
199,907

673,746
3, 291,123

12,713,411
35,481,233

88, 209,524
156, 745,599

444,989,001
459,543,893

8,904,486,562
4,558,961,385

9,451,152,031
5,214,223,140

540, 216
1,890,133
15, 517

8, 519,252
696,790
347,325

75,099,676
18,099,845
2,353, 718

299,197, 277
35,701,134
9,061, 251

20,246,307,044
3,437,430,981
199,515,328

20,629,663,465
3,493,818,883
211,293,139

279,694

6,410,735

57,758,011

340, 508,362

1,248,492, 556

37,346,701,300

39,000,150,658

46,500

831, 725

7,721,554

225,030,360

339,403, 565

18,627,674,711

S
3

19,200,708,415

Total number of national banks authorized to exercise
trust powers

Total assets of national banks authorized to exercise trust
powers
._
TRUST DEPARTMENT ASSETS

o
o
g

3

o

Investments
Time deposits . _ __.
Demand deposits
Otherassets
Total
TRUST DEPARTMENT LIABILITIES
Private trusts
Court trusts.. _
.
_ _.
_
Other liabilities:
Agency, escrow, custodian, etc., accounts
Corporate accounts
Miscellaneous..
Total

__
_

Total volume of bond issues outstanding for which banks are
aeting as trustee
_- _
1

Includes 24 banks which have been granted only certain specificfiduciarypowers.




CO

TABLE N O . 17,—Fiduciary activities of national banks as of Dec. 31, 1956—Continued

o
Banks with capital stock of—
$25,001 to
$50,000

$25,000
Number of national banks administering personal accounts:
Voluntary, private or living trusts
(lonrt accounts
Agencies, escrows, custodianships, etc
- Number of national banks administering corporate accounts:
Bond or debenture issues
Paying agencies
Depositories and other miscellaneous corporate accounts
NnTnbp.r of national banks acting as transfer agent
Number of national banks acting as registrar




$500,001 and
over

Total

s

141
174
51

296
315
159

390
388
307

454
446
427

1,302
1,358
949

6
2
4

42
7
7
4
8

114
24
23
13
16

191
90
61
48
57

348
277
219
237
237

703
400
314
302
318

10
20

73
203
7

831
2,541
284

3,68:
8,723
1,452

13,648
18,670
6,154

105,029
78,556
71,430

123,278
108,713
79,327

30
.

17
29
5

283

3,656

13,862

38,472

255,015

311,318

13

10
2
5

73
14
11

563
210
95

720
338
230

7,002
21,854
5,653

8,381
22,418
5,994

13

17

98

868

1,288

34,509

36,793

4

24

70

3,224

3,322

8

25

89

3,247

3,369

3,766

14,779

39,919

295,995

354,802

Number of accounts for which national banks are acting as
transfer agent
Number of accounts for which national banks are acting as
as registrar
Total number of accounts being administered

$200,001 to
$500,000

2

Total

Total

$100,001 to
$200,000

4
6

Number of personal accounts being administered:
Voluntary, private or living trusts
Court accounts
Agencies, escrows, custodianships, etc
Number of corporate accounts being administered:
Bond or debenture issues
Paying agencies
Depositories and other miscellaneous corporate accounts

$50,001 to
$100,000

43

300

8
w
o

I

feJ

3

TABLE N O . 18.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. 31, 1956

Federal Reserve districts

Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis—
Kansas City..
Dallas
San Francisco.

Total
Number
with aunumber Total banking
Number
of banks
thority authorized assets of banks
exercising
but not to exercise authorized to
fiduciary exercising fiduciary exercise fidupowers
ciary powers
fiduciary
powers
powers

Living
trusts

Court
aeounts

236

Living
trusts

$586,839,963
431,717,772
258,582,550
2,074,702,711
483,270,070
522,094,586
2,068,562,682
185,541,663
217,991,393
438,956,417
735,385,777
1,447,506,447

$656,749,179
431,246,451
356,495,312
947,474,756
359,236,801
436,773,333
546,966,749
98,058,426
163,726,031
163,067,138
82,987,215
971,441,749

$1,738,836,993
1,005,896,755
190,860,285
2,077,949,833
934,614,860
1,738,188,900
8,188,832,154
133,837,985
1,231,438,832
1,378,848,643
247,172,792
1,763,185,433

$184,428,984
542,857,325
86,684,043
541,329,810
185,289,965
294,825,695
702,331,195
93,219,011
348,978,198
222,322,243
156,266,761
346,578,792

$3,166,855,119
2,411,718,303
892,622,190
5,641,457,110
1,962,411,696
2,991,882,514
11,506,692,780
510,657,085
1,962,134,454
2,203,194,441
1,221,812,545
4,528,712,421

i1,722

98,328,129,756

9,451,152,031

5,214,223,140

20,629,663,465

3,705,112,022

39,000,150,658

Number of
Bond and deTotal
corporate Number of
trust bond all other number of benture issues
accounts
outstanding
issue acaccounts
Agency,
counts be- being ad- being ad- where bank
escrow,
custodian, ing admin- ministered 2 ministered acts as trustee
istered
etc.

Court
accounts

Common trust funds
Number
of funds

Boston
New York—.
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas CityDallas
San Francisco

6,260
3,588
7,776
10,613
7,660
7,424
46,036
2,884
3,525
6,118
6,822
14,572

7,914
8,553
17,128
12,921
11,085
6,137
14,928
3,805
4,569
3,765
2,715
15,193

5,486
5,339
2,091
5,267
4,984
6,664
19,550
1,190
5,590
12,906
1,733
8,527

313
349
512
894
371
818
1,780
1,550
369
554
396
475

1,312
4,119
440
2,517
760
3,890
9,494
1,606
348
4,649
3,665
2,303

21,285
21,948
27,947
32,212
24,860
24,933
91,788
11,035
14,401
27,992
15,331
41,070

$724,091,369
3,374,993,389
358,188,228
2,321,721,037
885,587,033
1,306,738,927
5,510,962,959
350,848,847
894,681,116
897,971,916
1,940,060,933

8
6
14

Total—

123,278

108,713

79,327

8,381

35,103

354,802

19,200,708,415

130

1
Includes 24 banks which have been granted only specificfiduciarypowers.
* Corporate paying agency, depository, registrar, transfer^agency,letc.




Total
liabilities

$5,631,248,526
12,975,337,444
4,380,085,431
7,888,925,640
4,928,315,802
7,234,368,776
16,621,548,424
3,740,156,625
2,617,508,289
4,259,762,452
7,711,901,209
20,338,971,138

Number of personal accounts
Federal Reserve districts

All other
liabilities

Agency,
escrow,
custodian,
etc.

176
203
203
112
160
139
245
129
63
137
107
48

145
184
196
100
138
116
213
105
49
106
91
43

Total...

Personal account liabilities

3 16 3
23
13
15
13
11
Ml

Ledger
value of
assets in
cash
()
$39,917,916
21,775,044
67,853,445
37,940,400
29,860,687
32,826,340
17,757,171
(4)
22,572,746
18,879,087
93,014,353
382,397,189

Trust department
gross earnings for
year ended

S

o
o

I
o

Dec. 31,
1956
$8,894,000
9,243,000
4,277,000
14,354,000
6,626,000
7,320,000
26,064,000
2,484,000
4,121,000
4,599,000
5,697,000
23,166,000
116,845,000

s 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.

3

o

TABLE N O . 19.—Classification of investments under administration by the active national bank trust departments, Dec. 81, 1956

to
Trust department investments classified according to capital stock of banks administering
trusts

Percent

Bonds

Stocks

Percent

Real-estate
mortgages

Percent
19.54
1.61
9.45
10.59
8.58
4.26

Banks with
Banks with
Banks with
Banks with
Banks with
Banks with

$82,998
capital stock of $25,000
capital stock of $25,001 to $50,000
1,585,273
capital stock of $50,001 to $100,000—.
18,097,102
capital stock of $100,001 to $200,000—
104,935,262
capital stock of $200,001 to $500,000...
318,792,592
capital stock of $500,001 and over
16,641,635,453

42.83
$69,825
41.46
1,352,166
18,360,161
38.42
105,308,990
37.44
31.35 478,041,186
62.72 6,838,237,342

36.03
$37,870
35.36
61,584
38.97
4,452,527
37.57
29,692,368
47.01
87,295,358
25.77 1,131,111,360

Total

17,085,128,680

61.27 7,441,369,670

26.69 1,252,651,067

Total investments

Real estate

Percent

Miscellaneous

Percent

$3,100
706,082
4,396,872
26,831, 751
81,483,286
939,580,266

1.60
18.46
9.33
9.57
8.01
3.54

$118,821
1,802,184
13,519,904
51,348,612
983,580,699

$193,793
3,823,926
3.11
47,108,846
3.83
280,288,275
4.83
5.05 1,016,961,034
3.71 26,534,145,120

3.78 1,050,370,220

3.77 27,882,520,994

4.49 1,053,001,357

TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 31, 1956

Location

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
__
Georgia
Hawaii.
_._
Idaho
_
_.
Illinois
Indiana-..
IowaKentucky..
Louisiana _
Maine
Maryland.




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
exercise fidufiduciary
ciary powers
powers
31
4
2
21
14
30
26
5
6
36
23
1
4
110
93
48
35
54
19
25
18

$1,135,452,805
114,787,035
678,497,292
455,193,759
15,296,214,260
973,818,484
1,192,709,013
26,262,268
924,445,165
1,912,493,389
1,347,228,297
214,193,579
419,172,243
9,433,024,474
2,633,007,310
790,773,114
832,373,630
752,222,620
1,831,014,551
289,862,853
837,615,728

$166,963,494
529,862

0)
45,039,104
949,810,678
125,154,254
222,920,399
395,810
137,725,535
156,409,362
84,791,414
6,403,741
1,451,755, a76
217,536,006
31,642,011
43,696,081
26,955,907
45,195,892
31,684,295
115,279,289

Court
accounts

O

o
o

Personal account liabilities
Living
trusts

O

Agency, escrow,
custodian, etc.

All other
liabilities

I
o

$57,017, 890
1,229,229

$368,189,940
42

$31,560,915
82,023

12,068,136
824,570,719
41,378,264
283,408,425
1,414,021
12,055,910
169,363,407
135,608,942

6,636,973
1,394,527,949
263,754,274
391,901,497
20,410
220,737,871
490,791,393
255,405,490

7,547,366
290,721,896
12,518,538
4,241,671
63,801
4,327,271
65,383,141
106,133,096

5,527,690
141,999,066
191,119,917
29,118,599
23,450,806
40,078,016
17,338,371
35,444,725
24,923,143

512,340
6,857,471,202
176,036,705
28,297,625
146,201,844
12,892,865
454,054,001
85,006,897
189,870,131

245,950
445,459,994
100,423,849
924,427
44,528,004
7,134,220
83,302,010
6,229,174
104,955,219

0)

0)

3
o
pa
fet

o

Total

67
19
21
16
26
8
Oft

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

2
20
102
6
116
24
4
41
20
3
179
2
11
6
25
86
1
16
65
14
21
30
13
1,486

.

15
3
4
2
6
2
7
1
11
12
1
7
3
2
5
6
1
8
4
3
5
13
1
3
5
6
7
1
236

82 3, 587,501,065
282,983,638
22 3,794,545,610
320,070,655
25 1,929,498,995
196,923,460
18
276,472,142
9, 298,624
32 2,104,875,102
176,427,529
10
224,977,377
5,135,965
16
753,346,569
40,852,600
3
238,794,082
* 61,952,066
31
236,098,388
10,787,436
114 3,216,217,456
96,894,107
7
286,355,449
13,612,596
123 10,205,708,384
334, 246,030
27
607,838,258
34,438,554
6
94,171,840
4,778,421
46 4,180,739,790
675,468,140
26
397, 206,118
69,136,679
4
766,862,861
141,374,235
187 6,991,574,974 1,618,857,897
(3)
2
498,186,895
43, 276,752
15
539,311,718
6, 989,928
9
223,489, 826
127, 023,075
30 1,918, 740, 768
713,481, 562
99 7,321, 505,952
2
274,888, 618
0)
4 66,028, 977
19
137,409,864
123,420,009
70 1,529, 297,123
287,435.865
14 2,335,561,168
515,604, 513
30,971,052
27
92, 264, 252
37
831,349,631
7,133,417
14
219, 637,351
«1, 722 98,328,129, 756

9, 451,152,031

240, 679,708
125,841,699
139,869,030
7,201,160
40,060,166
3,656,771
37,830,143
a 58,921,772
19,414,370
194,368,628
2,663,146
242,093,742
54,845,925
6,852, 241
340,689,732
18,639,181
32, 292,466
887, 587,710
(3)

40,140,372
7, 060, 034
94,680,179
76, 229,683
0)
* 122, 700,155
192,622,163
48,899,873
40,436,759
86,531,787
4, 299, 269

1,163,389,350
893,662,211
1,211,575,197
2,478,579
450,962,772
5,561,172
253,750, 295
a 99,166, 269
19,662,844
537,863,631
8,853,436
487,597,146
30,815, 557
7,674,023
710,116,721
327,055,053
133,725,048
1,486,585,582
(3)

39,613,413
5,960,547
204,830,415
230,899,953
0)
4127,150,763
442,114,738
135 253,785
12,037,776
238,665,768
20,331,972

5, 214, 223,140 20,629, 663,465

171,131,224
159,194,342
345,888, 847
709,834
70,330, 547
1,480,810
13,329,316
2 11,003,973
247,997
46,243, 528
3,169,186
500,711,113
4,631,256
93,883
318,037,851
99,808, 215
9,932,933
304,687,417
(3)
6,113,150
279.056
57,024,188

155,399,440

0)

* 3,363,358
63, 233,313
34,592,017
2,131.063
6,391,496
170,104

w
2
2
g
g
H3
O
^
H
bd
S
O
O

g

H
£
ft
O
F
F
g

3,705,112,022

See footnotes at end of table.




Or
00

TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 31,

1956—Continued

Number of
corporate Number of
trust bond all other
issue acAgency,
accounts
counts be- being adescrow,
custodian, ing admin- ministered •
istered
etc.

Number of personal accounts
Location

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DelawareDistrict of ColumbiaFlorida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota.
Mississippi
Missouri
Montana.—
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
_._.
Oklahoma
Oregon




Total liabilities

$623,732,239
1,841,156
(l)
71,291,579
3,459,631,242
442,805,330
902,471,992
1,894,042
374,846,587
881,947,303
581,938,942
12,689,721
8,896,685,638
685,116,477
89,982,662
257,876,735
87,061,008
599,890,274
158,365,091
435,027,782
1,858,183,920
1,498,768,907
1,894,256,534
19,688,197
737,781,014
15,834,718
345,762,354
2 231,044,080
50,112,647
• 875,369,894
28,298,364
1,564,648,031
124,731,292
19,398,568
2,044,312,444
514,639,128
317,324,682

Living
trusts

Court accounts

619
24

1,745
12
344
8,476
1,442
2,058
16
1,556
2,363
1,189
187
38,824
3,215
551
749
458
1,368
3,042
2,709
2,921
301
2,584
119
739
2 867
276
1,536
318
2,188
742
244
4,940
704
1,787

0)
965
11,282
1,750
3,905
111
207
1,891
1,719
614
6,833
4,383
734
447
1,764
827
726
887
2,449
1,903
3,454
245
495
62
452
2 1,240
267
3,355
152
5,774
2,383
336
3,682
344
695

1,103
2

0)

348
8

0)

114
5,947
1,639
2,471
3
849
1,926

1,231
284
108
47
31
156
110

24
13,450
2,082
562
4,889
266
2,047
406
918
2,314
2,195
4,926
53
1,407
494
1,726
2 477
124
1,885
606
3,182
198
44
3,215
1,639

27
1,0
266
47
96
56
162
81
40
159
103
298
12
146
17
109
242
6
85
2
278
188
38
624
140
27

Trust deTotal num- Bond and de- partment
ber of ac- benture issues gross earnings for
counts be- outstanding
ing admin- where bank year ended
Dec. 31,
acts as trustee
istered
1956
4,904
50

$194,517,254
676,600

$1,426,000
51,000

312
1,540
230
408
1
101
272
1,046

2,966
27,529
5,169
8,889
131
2,744

198,095,558
1,766,225,729
97,614,370
94,333,865

5,000

196,633,446
388,176,554
451,505,393

291,000
18,315,000
1,162,000
3,770,000
14,000
1,210,000
2,496,000
1,824,000

11
8,357
285
52
56
118
1,333
255
157
457
639
323
34
1,350
7
53
2 284
11
394
76

863
68,552
10,231
2,079
6,357
2,755
5,118
1,926
3,370
8,421
7,549
11,922
645
5,982
699
3,079
2 2,910
684
7,255
1,154
15,196
3,552
668
14,416
5,879
3,436

10,041,500
4,672,631,463
484,934,472
13,460,655
114,255,736
7,848,701
237,159,186
136,437,547
207,735,350
492,798,506
275,990,814
250,140,768
2,902,650
432,971,763
8,419,194
199,628,644
2 38,634,300
1,244,939
115,376,315
421,000
3,297,104,513
149,025,661
89,728,401
853,983,338
428,290,120
16,859,772

102,000
18,004,000
2,651,000
535,000
605,000
570,000
681,000
478,000
1,090,000
3,981,000
4,114,000
3,789,000
85,000
1,928,000
49,000
635,000
2 1,059,000
149,000
2,607,000
174,000
6,666,000
664,000
88,000
5,722,000
771,000
1,519,000

s

1,089

C1)

4

6
1,955
3,052
122

0

0)

o
o

1
o

9

Pennsylvania..
Rhode Island_.
South Carolina
South Dakota. .
Tennessee
Texas
Utah
Vermont..
Virginia
Washington
West VirginiaWisconsin
Wyoming

4,297,718,606
(3)
129,143,687
20,289,565
483,557,857
1,176,010,638

12,693

4 319,243,253
821,390,223
506,181,540
85,576,650
423,853,303
31,934,762

<799
2,374
3,243
942
1,479
213

39,000,150,658

123,278

0)

Total

09

715
151
1,948
6,598

0)

1
2

3,756

24,151
(3)
800
428
1,517
2,523

743
)
22
6
204
387

80
1,037
1,580

0))

(9

0)

*725
2,397
1,272
252
1,612
1,318

41,240
4,983
1,338
1,924
2,513
320
108,713

79,327

4 29
74
87
17
331
21

8,381

(3)

894

42,237
(3)
2,070
676
5,945
14,584

159
11
1,239
3,496
1

C)

4 220
283
342
19
231
4
35,103

1,785,759,787
(3)
94,952,267
449,500
75,270,425
895,577,606

11,971,000
(3)
476,000
118,000
1,644,000
5,550,000

4 792,512
228,110,943
107,623,032
9,270,566
75,954,375
1,143,325

4 1,092,000
2,670,000
2,120,000
566,000
1,301,000
62,000

19,200,708,415

116,845,000

0)

0)
4 3,013
10, 111
6,282
3,154
6,166
1,876
354,802

5

Included with figures for the State of Nevada.
Includesfiguresfor 2 banks in Arizona and 1 bank in Utah.
3 Included withfiguresfor the State of Vermont.
4 Includesfiguresfor 2 banks in Rhode Island.

Includes 24 banks which have been granted only certain specific fiduciary
powers.
6
Corporate paying agency, depository, registrar, transfer agency, etc.

8

TABLE N O . 21.—General comparative figures of fiduciary activities

December 31—

1928
1951
1952
1953
1954 .
1955
1956-.1
2

_

Number of
banks ex- Aggregate trust
ercising
department
trust
liabilities
powers

1,585
1,512
1,513
1,513
1,503
1,480
1,486

Includes agency accounts in 1928.
Thesefigureswere not developed at that time.




$3,297,310,000
36,136,628,000
39,665,972,000
43,150,202,000
47,938,669,000
37,187,831,000
39,000,150,658

s

Common trust funds
Outstanding
bonds and
debentures

$7,978,389,000
14,550,564,000
16,051,953,000
17,625,838,000
19,485,675,000
17,358,441,000
19,200,708,415

Gross trust
department
earnings

Number

$16,165,000
75,130,000
80,627,000
85,990,000
100,761,000
103,033,000
116,845,000
3 Revised.

Amount

Number of accounts

Fiduciary

Corporate
Agency, trust, bond
and deetc.
benture
issues

1

71
88
105
130

$187,392,016
213,929,020
276,970,954
3 320,954,835
382,397,189

53,853
171,589
184,125
194,231
207,157
214,383
231,991

9,923
78,171
72,725
77,473
82,032
74,832
79,327

7,217
7,611
8,011
8,056
8,381

Other
accounts

(2)
2

()
33,893
37,370
38,396
34,543
35,103

TABLE NO. 22.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1956
[In thousands of dollars]
Earnings from current operations
Number of
banks l

Location

Interest and dividends
on securities
U. S. Government obligations

Other securities

__

30
50
34
110
5
38

2,205
1,571
1,229
19,030
2,581
7,451

491
462
300
4,496
1,062
2,083

Total New England States

267

34,067

8.894

289
174
510
8
56
8

53,487
25,175
51,992
285
7,590
6,716

21,971
8,867
20,120
72
1,687
1,031

1,045

145,245

53,748

132
76
47
27
52
94
69
27
41
452
54
89
73

ll,370~
6,142
4,277
4,294
7,042
18,409
7,969
2,151
14,296
43,711
3,826
6,197
11,563

2,794
793
944
846
2,196
4,161
3,037
950
2,789
13,270
1,726
1,493
3,286

1,233

141,247

38,285

Maine
New Hampshire...
Vermont
Massachusetts
Rhode Island.
Connecticut

_

New York
New Jersey...
Pennsylvania
Delaware
District of Columbia-1.1.1
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Kentucky
lessee
Total Southern States




__
'.

Interest
and discount on
loans

Service
charges
and other
fees on
banks'
loans

Other service
charges, comService
missions,
charges on
Trust
fees, and col- departdeposit
lection and
accounts
ment
exchange
charges

Total earnOther
ings from
current
current
earnings operations

41
53
46
578
20
279

670
1,057
503
7,227
805
2,739

235
204
99
5,242
159
1,008

478
149
174
3,981
918
3,770

136,749

1,017

13,001

6,947

9,470

10,187

220,332

229,911
70,233
166,751
705
15,948
15,715

4,061
568
1,723
2
163
116

17,399
8.781
9,017
39

1,637
1,693

1,648
3,498
11
282
387

6,666
2.607
11,971
14
1,090
1,210

21,416
2,713
7,326
10
1,227
543

361,760
120, 592
272,398
1,138
29,624
27,411

499,263

6,633

38,566

12,675

23,558

33,235

812,923

37,492
13,028
16,207
11,195
33,554
41,973
27,408
5,805
30,596
168,126
10,643
15,832
43,669

253
190
297
34
285
851
296
8
258
2,235
33
301
336

3,088
756
1,689
1,692
3,405
5,700
2,454
10,071
1,118
1,209
2,119

836
362
709
803
2,476
1,829
898
573
1,252
3,521
571
215
1,757

2,670
566
664
476
1,824
2,496
1,426
85
681
5,550
291
570
1,644

1,427
773
647
374
2,620
3,360
1,648
355
2,560
15,202
623
673
2,011

59,930
22,610
25,434
19,714
53,402
78,779
45,136
10,686
55,635
261,686
18,831
26,490
66,385

455,528

5,377

37,263

15,802

18,943

32,273

744,718

o

7,600
6,936
4,484
81,482
12,803
23,444

759
3,203

248
307
140
7,298
989
1,205

11,968
10,739
6,975
129,334
19,337
41,979

O

o
g

3

o

o

d

229
123
393
75
95
178
95
76

41,122
22,414
88,608
35,509
13,788
15,642
6,915
13, 512

8,082
3,482
20,690
6,341
3,488
4,949
1,752
2,824

96,964
46,288
192,719
84,286
31,182
56,174
16,626
41,523

1,077
414
2,834
492
382
895
117
184

8,244
3,946
13,556
6,449
2,349
5,383
1,709
2,232

2,179
995
4,367
2,451
718
3,001
699
580

5,722
2,651
18,004
4,114
1,301
3,789
535
1,928

6,994
3,504
9,891
2,818
1,975
2,747
795
1,329

170,384
83,694
350,669
142,460
55,183
92,580
29,148
64,112

1,264

237, 510

51,608

565,762

6,395

43,868

14,990

38,044

30,053

988,230

38
34
123
170
40
25
77
26
197

2,500
2,518
7,502
9,234
3,078
2,173
8,961
3, 214
13,005

505
515
2,022
2,658
696
372
1,222
302
3,873

6,487
7,794
21,148
19,328
8,068
5,006
24,301
8,435
37,872

82
126
64
193
185
112
278
146
226

884
904
2,145
2,595
1,074
636
3,072
1,069
3,759

685
663
597
555
473
340
679
499
814

88
118
635
605
49
62
1,162
174
771

308
284
1,341
1,454
719
267
925
413
3,274

11,539
12,922
35,454
36,622
14,342
8,968
40,600
14,252
63,594

730

52,185

12,165

138,439

1,412

16,138

5,305

3,664

8,985

238,293

o

27
12
49
10
7
3
3

12,373
10,470
90,686
3,795
2,456
2,047
2,919

4,763
3,813
26,149
428
411
348
1,210

56,099
41,803
377, 851
10,484
7,886
5,362
18,641

1,019
581
13,669
213
387
234
789

8,255
5,427
43,705
1,131
765
495
2,024

2,246
1,215
9,277
302
352
111
699

2,120
1,519
18,315
102
107
337
615

2,081
1,264
14, 281
382
80
231
1,315

88,956
66,092
593,933
16,837
12,444
9,165
28,212

o

111

124,746

37,122

518,126

16, 892

61, 802

14,202

23,115

19,634

815,639

Total United States (exclusive of possessions)...

4,650

735,000

201,822

2,313,867

37,726

210,638

69,921

116,794

134,367

3,820,135

Alaska (member and nonmember banks)
The Territory of Hawaii (nonmember bank) _
Virgin Islands of the United States (nonmember
bank)

7
1

1,215
1 124

211
319

3,059
4 586

301

418
538

596
241

51

121
181

5,972
6 989

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 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)

:_

1

126

2

52

3

2,465

530

7,818

301

958

889

51

305

13,317

4,659

737,465

202,352

2,321,685

38,027

211,596

70,810

116,845

134,672

3,833,452

2
11
188
4,450
8

26,456
40,753
294,750
373,080
2,426

13,952
10,610
85,756
91,505
529

128,221
118,887
1,073,635
993,377
7,565

1,903
1.199
22,371
12,300
254

4,470
1,884
92,904
111, 416
922

3,308
1,626
29,492
35,505
879

4,957
15,400
62,071
34,366
51

18,316
6,061
58,739
51, 270
286

201,583
196,420
1,719,718
1,702,819
12,912

173

i 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
oi the year.
* Includes 1 member bank in Alaska.




w

356

9

s

a
w
w
o

TABLE NO. 22.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1956—Continued

O
00

[In thousands of dollars]
Current operating expenses
Salaries and wages
Location

Officers

Amount
Maine. _
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States

_

_

Total Southern States .__




Amount

Number 2

199
208
128
1,186
156
488

2,379
1,861
1,190
26,121
3,710
9,598

913
719
457
8,970
1,332
3,134

120
136
100
586
101
262

20,470

2,365

44,859

15, 525

1,305

26,821
11,640
24,431
137
2,764
2,893

2,635
1,419
3,142
27
361
255

65, 777
24,649
46,631
174
5,379
5,653

19,327
7,981
15,204
65
1,865
1,737

1,328
1,180
2,531
23
244
200

68, 686

._
_ _.
_

Number i

1,342
1,345
775
10,885
1,423
4,700

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—

Employees other
than officers

Fees paid
to direc- Interest Interest
and
tors and on time
members deposits discount
on
of execu- (including
bortive, disrowed
count and savings
advisory deposits) money
committees

7,839

148, 263

46,179

5,506

6,372
2,436
3,161
2,310
5,423
7,403
5,043
1,428
5,342
29,787
2,624
3,340
6,595

899
346
393
312
590
899
586
188
515
3,471
358
521
802

9,953
3,463
4,769
4,124
10, 807
15, 592
8,503
2,039
10,488
42,415
2,982
4,440
11,514

3,677
1,204
1,823
1,580
3,560
5,532
3,058
731
3,485
14, 227
1,136
1,709
4,182

81,264

9,880

131,089

45,904

1,579
847
1,584
5,865
3,652
3,418

Taxes
other
than on
net
income

Net
earnings
Recurring
Total
from
depreciaOther
tion on
current current current
operabanking
operat- operating
tions
house,
ing
furniture expenses expenses
and
fixtures

46
50
14
698
38
266

343
249
104
2,960
111
814

179
222
171
2,883
456
797

2,179
2,252
1,135
22,126
2,968
8,088

16,945

1,112

5,247

4,708

38, 748

133,394

86,938

44,297
19, 731
33,001
190
2,926
2,607

3,589
457
1,601
1
205
79

5,422
4,186
7,379
25
1,046
1,070

5,840
3,327
6,042
35
524
677

62,383
19, 617
38, 593
135
4,578
3,860

215,457
84, 787
160, 209
720
17, 666
17,039

146,303
35,805
112,189
418
11,958
10,372

102, 752

5,932

19,128

16,445

129,166

495,878

317,045

497
246
136
117
280
429
229
112
319
1,457
216
286
273

8,678
2,614
2,339
823
3,453
6,010
3,142
769
3,770
17,749
1,543
2,083
8,526

273
33
177
29
317
269
137
2
600
1,485
32
84
507

1,703
542
543
220
2,180
1,584
441
403
2,920
14,136
483
979
2,603

1,444
576
621
407
1,399
2,490
920
360
913
5,777
407
532
1,205

8,519
3,139
4,334
3,813
12, 909
14,168
8,072
2,228
8,845
43,805
3,322
4,284
10,592

37,439
13,049
16,080
11,843
36, 768
47,945
26, 487
7,341
33,197
156,611
11, 609
16,028
41,815

22,491
9,561
9,354
7,871
16, 634
30,834
18,649
3,345
22,438
105,075
7,222
10,462
24,570

4,597

61,499

3,945

28, 737

17,051

128,030

456,212

288,506

8,167
6,962
5,073
72,124
13,125
27,943

3,801
3,777
1 902
57, 210
6,212
14,036

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 (non-member bank)
Virgin Islands of the United States (nonmember bank)
Total possessions
Total United States and possessions—.
New York City (Central Reserve city)
Chicago (Central Reserve city)
Other Reserve cities
Country banks (member banks) 3
Possessions (nonmember banks)

15,290
8,515
28,892
10, 213
6,067
9,995
4,146
6,225

1,688
978
2,929
891
660
1,214
523
690

30,377
16,158
62,388
31,966
11,016
17, 704
4,746
12,043

9,589
5,431
18, 577
9,200
4,053
5,881
1,693
4,038

1,033
495
1,642
447
348
539
203
325

16,629
8,644
35,496
16,298
6,192
9,556
2,961
4,320

466
156
4,728
1,311
474
1,415
161
220

7,687
3,696
8,170
4,686

89,343

9,573

186,398

58,462

5,032

100,096

1,406
1,846
5,234
5,586
1,560
1,273
4,500
1,645
8,305

193
262
659
814
213
160
579
204
1,160

1,844
1,990
6,038
5,788
2,515
1,479
7,546
2,889
10,080

722
765
2,144
2,155
907
462
2,545
1,009
3,517

70
71
338
351
75
87
305
79
330

1,217
1,416
1,172
2,415
1,268
1,148
4,667
1,313
4,019

31, 355

4,244

40,169

14,226

1,706

18, 635

9,146
7,022
43,266
2,276
953
1,020
3,160

1,051
937
5,124
251
144
149
362

19, 671
13,006
119, 698
2,826
2,095
2,001
6,640

6,008
3,851
33, 756
1,035
829
581
2,080

203
114
624
47
66
9
42

10,866
10,905
105, 694
2,423
1,839
1,242
2,515

66,843

8,018

165, 937

48,140

1,105

135, 484

357,961

41,919

716, 715

228,436

19,251

435,411

776
664

64
63

1,434
1,468

357
405

17
25

438
1,248

27,076
13,460
50, 689
22,119
8,785
15, 714
5,166
10, 750

101, 757
52,522
196,010
89, 221
34,879
57, 530
18, 522
36,086

68, 627
31,172
154,659
53, 239
20,304
35,050
10, 626
28,026

8,931

28,016

14,952

153, 759

586, 527

401, 703

24
52
359
60
27
15
117
18
613

203
201
810
844
225
543
460
817

224
254
614
528
319
253
492
427
1,485

1,880
2,075
6,611
6,366
2,374
1,115
6,364
2,310
10, 559

6,868
7,905
21,176
22,172
8,982
5,595
24, 534
9,141
36,208

4,671
5,017
14, 278
14,450
5,360
3,373
16,066
5,111
27,386

1,285

5,181

4,596

39, 654

142, 581

95, 712

232
276
3,720
2
54

1,540
1,035
16,165

53

203
88
311
561

2,205
1,278
7,091
420
203
193
807

14, 730
8,308
72,351
2,518
2,196
1,127
5,863

58, 593
41,944
368,609
10, 715
7,494
5,903
19, 641

30, 363
24,148
225,324
6,122
4,950
3 262
8,571

4,337

19, 903

12,197

107, 093

512,899

302, 740

25, 542

106,212

69,949

596, 450 2,327,491

1,492, 644

108
161

191
168

904
1,187

665

1,078

1,063
917

4,027
4,651

1 945
2,338

37

4

7
7

29

2

102

2

6

31

257

99

1,477

131

2,979

791

44

1,788

271

365

2,011

8,935

4,382

359,438

42,050

719, 694

229, 227

19, 295

437,199

25, 542

106,483

70, 314

598,461 2,336,426

1,497,026

10,324
10,438
132,084
205,185
1,407

581
683
13,023
27, 636
127

36,161
34,438
341, 512
304, 711
2,872

9,043
9,432
102,218
107, 770
764

125
226
3,304
15, 597
43

17, 309
15,182
192,912
210,041
1,755

2,917
4,479

2,599
4,220
51,492
47,908
264

2,001
1,112
25, 704
41,150
347

105,349
33,913
95,278
25,183
254, 611 1,015, 737
282,857 1, 111, 477
8,585
1,897

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.




1,021

3,199
1,398
4,005
2,181
1,093
1,420
474
1,182

14,118
4,028

96, 234
101,142
703,981
591,342
4,327
Or
O

TABLE NO. 22.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1956—Continued
[In thousands of dollars]
Recoveries, transfers from valuation reserves, and profits
On securities
Location

TransTransProfits
Recov- fers from on secu- Recov- fers from
valuaeries
valuaeries
rities
tion
tion
sold or
reserves
reserves redeemed
20
54

Transfers
to valuation
reserves

Losses
and
chargeoffs

Transfers to
valuation
reserves

302
224
72
9,993
653
542

797
701
244
7,768
1,904
1,106

8
110
786

30
57
40
79
38
13

574
479
251
11,581
967
3,262

329
171
91
4,946
225
839

1 738
1 518
626
25 160
3,134
5,504

On loans
All
other

Total
losses,
chargeoffs, and
transfers
to valuation
reserves

1,016
344
69

36
32
21
432
10
68

3,813
273
97

200
50
22
3,723
25
264

1,454

416

599

4,229

4,284

11,786

12,520

1,188

257

17,114

6,601

37,680

34
31
187
19

2,361
194
714

1,626
381
653
i

1,064
495
515

1,472
489
10,568

5,288
522
2,241

23,315
3,961
8,602

7,089
84
24,299

451
246
781

42,870
7,838
14,910

1,823
1,716
4,480
i

75,548
13,845
53,072

4

33
11

55
29

15

69
132

11,845
2,112
14,878
in
195
172

1,442
332

130

51
34

697
1,631

683
135

3 003
2,132

271

__

Maryland
District of Columbia
..

- -

Total Eastern States




Losses
and
chargeoffs

On securities

20

Total New England States

Total Southern States

Total
recoveries,
transfers
from valuation
reserves
and profits

12
51
29
299
1
24

3,273

2,705

2,163

12,544

8,256

29.212

37,692

31,602

1,569

67,952

8,838

147,653

177
6
20

680
6
2
5
1,323
2,024
51
5
1,055

89
90
24
9
41
52
184
50
87
1,685
267
64
18

294
10
31
1
8
83
145
13
578
756
73
69
161

349
80
335
38
100
279
229
61
788
1,659
76
63
166

1,711
228
433
59
180
607
768
198
2,951
6,613
498
245
2,017

3,667
813
1,035
791
5,451
2,971
2,523
555
1,688
6,926
1,712
914
2,297

1,266
13

9
42
3
66
77
50
1
2
63

122
36
23
11
20
146
207
8
98
439
30
42
554

49
997
1,335
71
862
624

142
86
41
13
37
164
156
56
250
2,776
118
131
91

1,587
997
885
863
1,581
4,864
2,755
616
3,002
18,264
990
1,270
3,953

487
145
309
257
534
332
444
277
518
3,490
203
310
684

7 149
2,054
2 270
2,308
7,613
8,385
5,878
1,553
6,455
32,791
3,094
3 487
7,649

516

5,151

1,736

2,660

2,222

4,223

16,508

31,343

5,665

4,061

41,627

7,990

90,686

710

Massachusetts
Rhode Island
Connecticut

Virginia
West Virginia
North Carolina _
South Carolina_
Georgia
Florida
Alabama
Mississippi Louisiana..
Texas
Arkansas
Kentucky
Tennessee
-

34
12

All
other

Losses, charge-offs, and transfers to valuation reserves *

804

Maine
New Hampshire

New York
New Jersey
Pennsylvania

On loans

l

.

__
-

25

c

A

284

4.0

384
10
54

a

a

o
o

en

O

Ohio__
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri._
Total Middle Western States
North Dakota
South Dakota
Nebraska
_
_
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington _
Oregon
_______
California
Idaho
__ _ . . ...
_
Utah
Nevada
Arizona. _
Total Pacific States
Total United States (exclusive of
possessions)
Alaska (member and nonmember banks) _
The Territory of Hawaii (nonmember
bank)
Virgin Islands of the United States (nonmember bank)
_
_ _
_
Total possessions
Total United States and possessions.
New York City (Central Reserve city)
Chicago (Central Reserve city)
Other Reserve cities
Country banks (member banks)3

515
1,626
2,600

400
436
3,488
1,161
159
457
193
155

4,639
5,133
16,148
9,468
814
2,188
1,099
986

5,075
7,108
30,951
7,923
8,829
6,459
2,537
3,723

1,436
1,848
4,138
3,042
21
50
2
1,118

357
516
538
60
21
476
176
63

12,342
4,078
24,296
13,939
3,660
3,593
931
2,407

1,057
2,867
3,681
2,152
210
687
246
1,558

20,267
16,417
63,604
27,116
12,741
11,265
3,892
8,869

244
10,136

4,484

2,314

11, 257

6,449

40,475

72,605

11,655

2,207

65,246

12,458

164,171

81
30
206
42
69
5
136

25
40
15
32
305

7
53
193
333
338
65
553
57
629

21
27
118
39
219
39
57
15
215

96
85
410
125
24
93
137
26
156

250
270
985
614
1,003
215
945
120
1,179

1,038
498
2,066
1,332
833
308
1,193
351
2,870

31

659
1,109
1,561
1,093
1,064
318
2,033
1,088
2,519

316
57
847
679
107
124
1,405
306
353

2,057
1,740
5,137
3,675
3,035
797
5,052
1,921
6,777

3

73

20
35
43
43
48
13
62
22
103

108

13
76
301
483
355
47
421
176
927

572

490

389

2,228

750

1,152

5,581

10,489

1,265

2,799

11,444

4,194

30,191

424
157
1,503

4

154
333
1,092
22
13
9
61

45
25
411
13
15
1
17

1,554

2,698
774
11,444
45
33
34
411

2,580
1,229
9,825
2,095
1,288
25
828

1,500

22
6
124
42

300

517
259
3,410
10
5
24
33

1
17

5,512
1,895
19,583
933
880
181
526

2,631
282
4,450
508
27
52
140

12,245
3,412
42,426
3,578
2,195
259
1,611

4,954

74

362
88
676

8,444

2,084

4,958

1,684

527

1,928

4,258

15,439

17,870

9,944

212

29,510

8,090

10,082

25,462

11,414

10,491

32,930

28,622

119,001

182, 519

61,319

11,105

232,893

48,171

536,007

3

48

23

46

120

292

66

488

33

879

17

20

15

270

S

W
t

o
o

65,626

3

74

359

1

1
66

3

51

23

63

140

308

10,082

25,462

11,417

10,542

32,953

28,685

119,141

182,827

61,319

2,371
4,702
3,009

2,120
5,730
14,682
2,930

1,361
2,094
4,446
3,513
3

655
380
1,550
7,909
48

1,314
487
26,676
4,453
23

4,099
2,553
13,478
8,493
62

9,549
13,615
65,534
30,307
136

14,017
19,625
64,479
84,398
308

6,698
2,902
46,423
5,296

Not including recoveries credited to valuation reserves.
Not including losses charged to valuation reserves.
3 Includes 1 member bank in Alaska.




2,636
534
1,153
6,577
89
43
186
39

5,835

Possessions (nonmp.mber banks)
1
2

237
434
680
50
44
671
93
105

354
125
2,363
630
256
200
154
402

232
334
473
41

497
1,978
5,864
1,036
34
483

758

107

1,239

11,171

233,651

48,278

537, 246

64
830
10,225
52

30,736
17,003
97,834
87,320
758

2
1,575
24,217
22,387
97

51,453
41,169
233,783
209,626
1,215

W
C

TABLE NO. 22.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1956—Continued
[In thousands of dollars]
Taxes on net income
Profits
before
income
taxes

Location

New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

2,365
2,483
1,348
42,043
3,731
9,074

On
preferred
stock

On
common
stock

Total
cash
dividends
declared

Capital
accounts*

841
713
431
14,182
1,442
3,639

28,753
26, 621
16, 576
321,417
40,733
85,462

Percent
4.65
6.18
5.33
7.60
6.64
6.34

Percent
68.24
64.83
72.73
55.77
67.88
66.56

Net profits
before
dividends
to capital
accounts

Expenses
to gross
earnings

__

_ _

_
_

Total Southern States
_




__

_
_

52
2,757
109
402

1,336
1,646
884
24,414
2,715
5,420

1

841
713
431
14,181
1,442
3,639

21, 309

3,320

36, 415

1

21,247

21,248

519,562

7.01

60.54

26,272
8,513
20, 941
138
3,642
3,942

4,554

51, 774
15, 559
53,054
237
5,508
4,470

14
39
2

32, 708
7,508
28, 311
136
2,843
2,625

32, 722
7,547
28,313
136
2,843
2,625

886,408
235, 993
804,833
4,163
72, 988
63,070

5.84
6.59
6.59
5.69
7.55
7.09

59.56
70.31
58.81
63.27
59.63
62.16

198, 604

_

Total Eastern States

Ohio
Indiana
Illinois

State

Ratios

82, 600
24,072
73, 995
375
9,150
8,412

Total New England States

Virginia
West Virginia
North Carolina—_ _ _
South Carolina. _ _
Georgia
Florida
_ _ __ _
Alabama
_.
Mississippi
Louisiana
Texas
Arkansas .
Kentucky..
Tennessee

1,029
837
412
14,872
907
3,252

61,044

_____

New York
New Jersey
Pennsylvania
Delaware
Maryland
District Of Columbia

Federal

Cash dividends declared
Net
profits
before
dividends

63,448

4,554

130, 602

55

74,131

74,186

2,067,455

6.32

61.00

17,053
7,735
7,517
5,622
9,201
23,056
13, 539
1,990
18,934
78, 897
4,626
7,220
18,938

6,260
3,572
3,214
2,530
3,948
9,669
5,053
606
7,383
31, 594
1,458
2,321
7,962

533

10, 793
4,163
4 303
2,933
5,253
13,387
7,953
1,384
11, 551
47,303
3,168
4,899
10, 976

4,807
1,753
1,957
1,727
4,113
4,506
3,904
701
3,024
25, 901
1,573
1,949
5,144

4,807
1,753
1,957
1,727
4,113
4,516
3,904
701
3,024
25, 901
1,573
1,949
5,144

125,338
57,300
55, 512
37, 767
100,304
156,097
97,252
21, 544
112,044
605, 962
45,103
65, 682
140,808

8.61
7.27
7.75
7.77
5.24
8.58
8.18
6.42
10.31
7.81
7.02
7.46
7.80

62.47
57.71
63.22
60.07
68.85
60.86
58.68
68.70
59.67
59.85
61.65
60.51
62.99

214, 328

85, 570

692

128,066

10

61, 059

61, 069

1, 620,713

7.90

61.26

52,999
19,888
107,203

22,642
7,791
38,211

1
68

13, 551
4,799
28,019

13, 551
4,800
28,087

365,234
170,191
843,028

8.31
7.11
8.18

59.72
62.75
55.90

159

30,357
12,097
68,992

16"

8
g
O

l

Michigan
35, 591
Wisconsin
8,377
Minnesota
25,973
7,833
Iowa
20,143
Missouri
Total Middle Western States
278,007
North Dakota
2,864
3,547
South Dakota
10,126
Nebraska
11, 389
3,328
Montana
2,791
Wyoming
11,959
Colorado
3,310
New Mexico
21, 788
Oklahoma
Total Western States
71,102
Washington
20, 816
Oregon
21,510
California
194, 342
Idaho
2 589
Utah
2,788
Nevada
3,037
Arizona
7,471
Total Pacific States.-- — .
252, 553
Total United States (exclusive of possessions)
1, 075, 638
Alaska (member and nonmember banks)
1,186
The Territory of Hawaii (nonmember bank) _ _.
1,999
Virgin Islands of the United States (nonmember
bank)
98
Total possessions
3,283
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)

8.57
5.04
8.01
7.62
7.51

62.63
63.21
62.14
63.54
56.29

2,164,347

7.91

59.35

^

19, 708
20, 978
82, 684
83, 957
19, 336
16, 665
84, 507
21,114
156,372

8.55
10.00
7.44
8.67
9.35
8.62
6.79
9.49
8.66

59.52
61.17
59.73
60.54
62.63
62.39
60.43
64.14
56.94

g
5
2
3
^
o
h)
r
H=

18,168

505,321

8.26

59.83

£

6,506
5,924
60,408
1,176
626
912
2,123

6,506
5,924
60,408
1,176
626
912
2,123

157, 469
127, 668
934, 839
23, 666
20, 527
14,159
43,063

7.63
9.13
11.29
4.20
7.24
10.98
9.14

65.87
63.46
62.06
63.64
60.22
64.41
69.62

o
O
g
2
3
SJ
o

77, 675

77, 675

1,321, 391

10.38

62.88

IT1

329,041

329, 218

8,198, 789

7.87

60.93

237
480
19

6,042
15,298

10.99
7.40

67.43
66.55

56

237
480
19

491

11.41

72.19 tf

1,852

736

736

21, 831

8.48

67.09

^

329, 777

329, 954

8, 220, 620

7.87

60.95

^

24,640
20,119
167,016
117, 277
724

24,640
20,187
167,016
117,386
724

575,036
551,177
3, 564, 476
3, 508,385
21, 546

6.02
8.51
8.75
7.18
8.51

52.26
48.51
59.06
65.27
66.49

2
S
g
£
H

40
2

621

21, 874
6,048
15, 284
5,128
11,472

10, 367
4,222
8,270
2,156
5,377

10,407
4,224
8,270
2,156
5,377

255,160
119, 955
190, 834
67, 271
152, 674

2,183

171, 252

111

76, 761

76, 872

56
61

544

1,686
2,097
6,149
7,275
1,808
1,437
5,740
2,003
13, 548

1,090
1,072
2,848
2,265
1,342
633
3,245
722
4,951

1,090
1,072
2,848
2,265
1,342
633
3,245
722
4,951

1,135

41, 743

18,168

8,800
8,171
84,103
1 435
1,216
1,483
3,301

1,689
4,664
161
85
234

12,016
11, 650
105, 575
993
1,487
1,554
3,936

108, 509

6,833

137,211

411, 632

18, 717

645,289

512
867
42

10

664
1,132

1,421

10

1,078, 921

413,053

18, 727

647,141

54,330
73, 588
535, 732
412,023
3,248

16, 530
26, 666
213,753
154,700
1,404

3,180
10,083
5,454
10

34, 620
46, 922
311, 896
251, 869
1,834

13, 717
2,251
9,205
2,705
8,050

78
1,484

104, 572
1,122
1,389
3,977
4,114
1,520
1,354
5,745
1,307
7,696
28, 224

474

177

177
68
109

i 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.3 31, 1955, June 30,1956, and Dec. 31,1956.
Includes 1 member bank in Alaska.




^
j

O
CO

TABLE NO. 23.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31,1956
[In thousands of dollars]
District District District District District District District District District District District District Non- Grand
No. 4
No. 6
No. 9 No. 10 No. 11 No. 12 i member total
No. 5
No. 7
No. 8
No. 1 No. 2 No. 3
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 departmentOther current earnings
Total earnings from current operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
2

Number of officers
Number of employees other than
officers 3

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
Kecurring 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




O
W
55,391 153,494
14,358 32,950
156,332 345,220

47,204 124,785
14,202 37,123
179,314 518,379

31,899
8,293
130,783

73,721
29,411
289,260

35,755
12,993
111,544

899
12,067

4,556
25,189

863
7,301

2,206
12,370

1,041
10,504

1,73!
16,058

6,738
8,894
9,884

9,243
23,468

2,126
4,277
4,622

3,997
14,354
11,173

3,368
6,626
4,916

7,545
7,320
11,019

209,457

463,206

179,481

307,350

183,136

269, 755 614,023

19,192
42,238
2,233

87,164
3,767

16,972
31,390
2,537

27,431
53,582
3,017

19, 751
33,134
2,540

27,288 51,237
51,378 119, 594
6,018
3,154

15, 514
23,372
2,035

16, 596
25,721
2,131

28,271
37,658
3,718

31,958 66,913
45,547 166,044
3,761
8,022

14, 666

26,192

10,769

16,790

11,812

17,985

36,431

8,426

8,907

12,984

15,334

67,807 39,961
8,043
17,947
177,496 108,677

28,794
7,958
85,288

27,150
7,334
84,941

49,078
11,211
126,886

3,975
26,132

850
5,270

1,394
8,896

1,028
14,069

2,290
10, 980

16,939
61,838

254
922

38,027
211,596

8,588
26,064
17,600

2,454
2,484
3,473

5,054
4,121
4,453

3,960
5,697
15,879

14,212
23,115
19,653

879
51

8^246

70,810
116,845
134,672

136, 571 143,343

218,648

279,526

816,044

2,426 737,465
202,352
529
7,565 2,321,685

O

o

12,912 3,833,452

o

48,167

1,407
2,872
127
764

359,438
719,694
42,050
229,227

1,230

2,158

2,485

1,415

1,494

2,451

1,208

908

1,525

1,576

1,106

15,571

61,226

25,189

30,202

19,821

21,913

64, 572

11,441

15,033

15,795

19,164

135, 517

1,755

437,199

1,068
5,027

3,964
8,730

1,106
5,053

1,110
11,644

794
5,081

1,467

6,762
16, 299

678
3,928

1,527
2,728

1,243
4,200

1,486
14,922

4,337
19,910

264

25,542
106,483

4,436
36,646

8,530
79,616

4,208
26,971

6,250
45,280

4,225
27,979

6,749
50,018

92,628

2,493
22, 577

2,447
24,101

4,037
36,656

6,091
46,885

12,215
107,207

347
1,897

70,314
598,461

113,374

177,195

112,200

169,004

361,829

81,211

89,061

129,385

167,629

66,107

130,155

70,936

100,751

252,194

55,360

54,282

89,263

222

240

4,882

60

557

412

1,607

8,867

649

897

250

125,408

V

84,049

174,910

56

160

554

1,385

2,624

201

1,010

19,295

513,249

8,585 2,336,426

111, 897 302,795

4,327 1,497,026

52

2,084

10,082

2,324

4,958

25,462

W

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)
Number of banks 3
See footnotes at end of table.



410

1,858

522

657

234

624

3,471

537

331

615

471

1,684

3

596

1,495

486

381

292

369

831

815

1,086

1,861

1,752

530

48

10, 542

4,210
4,251

1,969
5,661

97
2,035

13,143
831

351
988

979
1,505

8,314
5,279

265
375

415
715

488
993

771
1,731

1,928
4,259

23
62

32,953
28,685

11,655

13,663

3,501

16, 576

2,777

5,324

31,644

2,701

4,001

4,619

7,101

15.443

136

119,141

11,417

g
w

12,142
983

26,681
7,378

7,074
122

8,121
25,625

8,064
1,781

13,603
1,515

54,591
8,562

7,211
1,990

10,006
757

9,291
1,327

7,865
1,335

17,870
9,944

308

182,827
61,319

255
16,675
6,318

602
48,183
3,320

668
11,761
3,158

646
18,932
3,114

364
6,643
1,989

588
14, 707
2,440

610
45,356
8,612

948
5,465
2,470

937
6,935
1,254

2,236
9,541
3,784

3,039
19,185
3,622

226
29,510
8,100

52
758
97

11,171
233,651
48, 278

36,373

86,164

22, 783

56,438

18,841

32,853

117,731

18,084

19,889

26,179

35,046

65,650

1,215

537,246

O

59,331

102,409

46,825

90,293

54,872

73, 222 166,107

39, 977

38,394

67,703

83,952

252,588

3,248 1,078,921

o

20,792
3,236

33,040
4,638

16,835

30,635

22, 915
159

29,724
533

60,024
72

14,933
411

14,077
1,607

26, 797
1,220

108, 526
6,833

1,404
10

413,053
18,727

W

24,028

37,678

16,835

30,635

23,074

30, 257

60,096

15,344

15,684

28,017

33,351
8
33,359

115,359

1,414

431, 780

35,303

64,731

29,990

59,658

31,798

42,965

106,011

24,633

22,710

39,686

50,593

137, 229

1,834

647,141

1
20,383

51
39,146

4
16,739

28,345

15,565

10
17,940

111
46,426

11, 587

12,641

15,520

27,074

77,687

724

177
329,777

20,384

39,197

16,743

28,345

15, 565

17,950

46,537

11,587

12,641

15,520

27,074

77,687

724

329,954

M

o
W

o

a
34
1,435

727
4,486

7
858

377
1,109

868

12
1,009

719
4,576

146
787

838

6
2,407

116
2,824

801
5,466

144

2,945
26,807

1,395
4,467

829
12,193

3
2,831

28,605
2,695

1,431
1,844

855
3,238

7,267
15,880

3,801
1,603

1,479

2,327
4,384

10
5,680

9,647
10,569

321

56,170
67,184

2,356

9,570

2,069

5,533

3,792

7,508

24,969

4,671

2,373

6,165

5,507

10,207

250

84,970

257

405

473

397

339

320

572

322

343

617

494

112

8

4,659

a

TABLE NO. 23.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. SI, 1956—Con.
[In thousands of dollars]
District District District District District District District District District District District District NonNo. 4
No. 2
No. 3
No. 5
No. 10 No. 11 No. 12 member
No. 1
No. 6
No. 7
No. 8
No. 9
Loans, gross
Securities
Capital stock (par value).
Capital accounts.

Grand
total

2,663,740 6,178,460 2,162,537 3,677,203 2,082,990 2,946,162 7,541,610 1,708,000 1,619,828 2,415,840 3,608,250 9,938,247 138,614 46,681,481
1,813,317 4,574,574 2,063,247 3,645,421 2,118,037 2,989,591 8,242,31: 1,586,832 1,460,300 2,634,954 2,597,838 7,168,793 131,278 41,026,494
,
136,725 364,581 122,774 236,540 109,757 166,123 430,577 93,820 86,037 143,857 241,713 423,493 6,058 2,562,055
,082,219 479,169 789,417 407,359 538,213 1,346,077 324,268 276,558 494,617 640,9861,321,676 21,546 8,220,620
498,515 1,

Ratios:
To gross earnings:
Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent
Interest and dividends on securi22.89
26.21
25.86
19.84
19.19
27.16
30.36
26.91
24.52
ties
22.26
27.90
24.05
27.57
21.97
59.34
56.22
63.52
58.59
62.44
57.95
58.03
Interest and discount on loans. _.
62.45
62.15
57.75
62.45
59.26
64.15
60.56
Service charges on deposit ac7.14
5.74
5.95
6.44
5.76
5.44
4.03
4.26
3.86
6.21
3.93
7.58
5.52
counts
4.07
10.32
10.24
6.62
9.16
7.96
9.06
11.38
All other current earnings.
12.61
6.78
9.95
9.85
8.71
10.48
9.40
Total gross earnings
Salaries, wages and fees
Interest on time deposits...
All other current expenses.
Total current expenses..
Net current earnings
To gross 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

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

29.92
7.43
22.52

27.25
13.22
21.77

28.33
14.04
20.80

26.91
9.83
20.91

29.65
10.83
20.79

29.72
8.12
24.81

28.22
10.52
20.19

29.35
8.38
21.73

30.15
10.49
21.49

30.85
7.23
21.10

28.29

6.86
24.82

28.68
16.61
17.60

33.47
13.59
19.43




o

1

28.65
11.41
20.89

59.87

62.24

63.17

57.65

61.27

62.65

58.93

59.46

62.13

59.18

59.97

62.89

66.49

60.95

40.13

37.76

36.83

42.35

38,73

37.35

41.07

40.54

37.87

40.82

40.03

37.11

33.51

39.05

4.91

4.68

5.16

4.83

5.22

5.31

4.58

4.99

5.24

5.25

4.97

5.22

5.46

4.97

2.22

2.25

2.36

2.35

2.27

2.33

2.26

2.32

2.36

2.29

2.36

2.26

2.25

2.29

61.47
25.82
14.91

47.98
17.75
10.75

53.84
24.43
13.64

55.02
25.22
11.98

64.63
28.97
14.18

60.65
25.86
10.81

58.57
24.62
10.81

59.01
26.26
12.35

63.09
26.40
14.69

62.05
27.59
10.79

46.29
20.93
11.20

71.50
32.40
18.34

71.43
30.27
11.95

58.43
25.26
12.88

16.86
7.08
4.09

16.16
5.98
3.62

13.80
6.26
3.49

16.49
7.56
3.59

17.41
7.81
3.82

18.72
7.98
3.34

18.74
7.88
3.46

17.07
7.60
3.57

19.63
8.21
4.57

18.05
8.02
3.14

17.46
7.89
4.22

22.91
10.38
5.88

20.08
8.51
3.36

18.21
7.87
4.01

* Includes 1 member bank in Alaska.
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
NOTE.—The figures of loans, securities, capital stock and capital accounts are averages of amounts reported for Dec. 31,1955, June 30,1956 and Dec. 31,1956.
a

o

to

TABLE N O . 24.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. SI, 1956
TOTAL U N I T E D STATES A N D POSSESSIONS
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31,1956, 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 and wages:
Officers
Employees other than officers-.
Fees paid to directors and members
of executive, discount, and advisory committees
Interest on time deposits (including
savings deposits)
Interest and discount on borrowed
money
Taxes other than on net income
Recurring depreciation on banking
house, furniture, and fixtures
Other current operating expenses-..
Total current operating expenses.




$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
j
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

24
10,125
660
1,605

50
32,300
1,407
4,514

102
89,275
3,721
11,578

71
19
314

277
45

755
168
2,358

8.975
1,697
21,554

48,097
11,816
113,727

13
169

100
1,905

19

67

453

1,356

160
33

113

2
19

Total

3

1,569
1,017
613
718
930,276 5,244,455 7,148,472 10,967,524
29, 557 133,921 163,301
252,240
106,115 504,847 603,816
843,280

256
8, 759,759
196,738
613,527

61,723
16,425
151,997

92,484
22,863
226,866

71,292
16,478
175,458

62,820
15,562
175,534

173,469
43,004
578,220

209,682
72,985
859,382

729,645
201,062
2,306,292

673
10,959

1,432
17,645

3,163
29,318

2,379
21,836

2,239
19,569

8,017
48,411

19,888
60,004

37,909
209,909

1

1,096
14
624

4,212
357
3,941

5,324
1,723
5,662

6,861
11,105

5,339
8,962
11,590

5,638
8,940
11,740

18,182
41,077
40,247

21,456
48,889
48,160

70,397
116,823
133,164

w

3,616

35,965

193,782

261,931

401,649

313,334

302,042

950,627

1,340,446

3,805,201

288

7,866
3,839

33,766
25,665

36,792
41,180

47,279
73,398

33,195
60,646

29,308
60,038

80,734
195,450

86,115
253,506

356,611
714,156

19

4,621
124
126
22
8,635,796 27,772,261 37,702,851 107,293,094
196,698
636,618 1,010,472 2,625,333
595,542 1,985,577 3,173,846 8,444,247

31

77

734

3,731

3,596

3,674

1,907

1,455

2,656

1,220

19,090

84

357

3,990

25,012

34,690

51,170

37,726

31,215

86,881

162,171

433,320

1
40

30
1,094

376
7,577
6,515
40,248

841

1,376
8,605

25,430
105,697

10,025
67,656

7,463
54,239

6,688
55,467

7,313
27,015
17,456
165,988

14,698
35,895

711
5,403

233
5,565
4,644
28,377

559
10,981

20
229

3
106
77
580

16,095
175,349

69,700
593,619

916

2,486

23,667

126,993

170,974

264,742

204,825

194,152

583,493

745,049

2,317,623

8
O

o

TABLE N O . 24.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1956—Continued
OO

TOTAL UNITED STATES AND POSSESSIONS
[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31, 1956, of—
Less than $500,000 $750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $5a,000,000 $100,000,000 $500,000,000
to
to
to
to
or more
to
to
to
to
to
$500,000
$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
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

90,957

136,907

108, 509

107,890

367,134

595,397

26

213

543

618

791

660

3,883

2,290

9,030

[76

296

684

743

376

9,943

8,372

20,500

1

11,249

1,130

12,298

5

440

1

19

66,789

10

127

1,487,578

3
62

47

374

547

817

448

713

2,876

5,423

91

735

2,081

1,552

1,676

979

346

1,198

1,691

10,430

264
688

481
885

1,183
2,151

726
2,321

817
1,574

5,089
4,930

24,276
13,571

32,851
26,293

1

12

8

15
152

Total recoveries, transfers from
valuation reserves and profits-

22

74

107

985

3,696

4,304

7,129

6,008

4,486

27,919

55,623

110,353

Losses, charge-offs, and transfers to
valuation reserves:
On securities:
Losses and charge-offs _ _ .Transfers to valuation reserves .
On loans:

1

5

45

503
27

6,606
342

12,205
457

21,362
1,016

19,529
1,317

13, 779
2,089

50,035
10,002

57,462
45,922

181,532
61,172

38
4
1

116
2
20

148
126
30

1,329
623
390

3,021
5,348
2,247

2,469
10,451
3,674

1,894
19,372
5,259

817
17,849
4,435

303
18,974
3,927

743
57,907
13,642

178
101,528
14,261

11,056
232,184
47,886

TiHRRAS a n d nhftrgft-nffs , .

Transfers to valuation reserves.
Allother
Total losses, charge-offs, and
transfers to valuation reserves. _
Profits before income taxes
Taxes on net income:
Federal.




44

143

349

2,872

17,564

29,256

48,903

43,947

39,072

132,329

219,351

533,830

105

371

888

10,411

52,921

66,005

95,133

70,570

73,304

262,724

431,669

1,064,101

25

97

256

2,721

15,254

22,767

36,233

28,833

29,666

109,253

164,497

409,602

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)
Average per bank:
Gross earnings from current operations
Current operating expenses
Net earnings from current operations-_- Net profits before dividends.. _ _
Per $100 of deposits:
Net earnings from current operations_ -_
_
Net profits before dividends. _
Per $100 of capital accounts:
Net earnings from current operations
_
Net profits before dividends
Cash dividends
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

2

6

11

120

630

726

1,209

713

988

4,302

9,578

18,285

27

103

267

2,841

15,884

23,493

37,442

29,546

30,654

113,555

174,075

427,887

78

268

621

7,570

37,037

42,512

57, 691

41,024

42,650

149,169

257,594

636,214

38

117

296

1
2,952

14
14, 763

11
18,040

33
26,295

10
20,529

19,959

108
73,235

152,222

177
328,446

38

117

296

2,953

14,777

18,051

26,328

20,539

19,959

73,343

152,222

328,623

35

235

1
1,725

5
2,689

3
2,863

2,171

8
2,075

624
4,884

1,818
10,020

2,459
26,698

69

566

151
5,093
5,880

478
6,300

806
5,400
6,836

30,467

39,799
29,324
20,520

56,141
67,004

9,129

2,496
4,919
6,342

12,387
11,836

235

24
3,492
2,374

1

4

1

2

o
o

81,783

19
14

27
18

35
24

59
39

124
81

257
168

559
369

1,224
800

2,436
1,566

7,545
4,631

60,929
33,866

823
501

5
3

9
5

11
G

20
12

43
24

89
42

190
80

424
160

870
344

2,914
1,184

27,063
11,709

322
138

$1.25
.77

$1.35
.83

$1.27
.70

$1. 32
.81

$1.27
.71

$1.27
.59

$1. 25
.53

$1.24
.47

$1.25
.49

$1.32
.54

$1.68
.68

$1.39
.59

7.91
4.86
2.37

9.75
5.94
2.59

9.76
5. 36
2.56

11.59
7.13
2.78

13. 23
7.34
2.93

15.06
7.04
2.99

16.24
(5.84
3 12

17. 69
6.69
3.35

18.12
7.16
3.35

18.49
7.51
3.60

18. 76
8.12
4.80

17.62
7.53
3.89

59

117

26(3

1, 731

5,954

5,394

5,890

3,595

2,987

7,523

8,378

41,894

24

74

184

1,874

10, 552

15,188

25, 888

20,771

20,555

61,941

71,526

228,577

NOTE.—The deposits, capital stock, and capital accounts shown in this table are as of end of period. Capital accounts represents the aggregate book value of capital stock,
surplus, undivided profits, reserves and retirement fund for preferred stock.




c
CO

170

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 25.—Earnings, expenses, and dividends of national banks, years ended
Dec. 81, 1954-56
[In thousands of dollars]
1954

Number of banks *,..

1955

1956

4,796

-

4,700

4,659

2,386,226
7, 739,553

2,460,621
7,924,719

2, 562,055
8,220,620

Amount Percent

Capital stock, par valuea
Capital accounts2 *

Amount Percent

Amount Percent

to total

Earnings from current operations:
Interest and dividends on:
U.S. Government obligations
733,868
Other securities
189,532
Interest and discount on loans
1,801,682
Service charges and other fees on banks'
33, 792
loans
174,914
Service charges on deposit accounts
Other service charges, commissions, fees,
and collection and exchange charges
65,325
Trust department
100, 761
126,420
Other current earnings
Total earnings from current operations. _ 3,226,294
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
l

320,170
634,815
Number of officers
_
89,406
Number of employees other than officers * 213,772
_

Fees paid to directors and members of
executive, discount, and advisory
committees..
Interest on time deposits (including
savings deposits)
__ ._
Interest and discount on borrowed
money _ __ _ _ __ _
Taxes other than on net income
Recurring depreciation on banking
house, furniture, and fixtures
Other current operating expenses
Total current operating expenses

Net earnings from current operations.-

to total

22.75
757,333
5.87
195,432
55.85 1,954, 531

to total

22.04
737,465
5.68
202,352
56.87 2,321,685

19.24
5.28
60.56

1.05
5.42

39,867
188,912

1.16
5.50

38,027
211, 596

.99
5.52

2.02
3.12
3.92

66,062
103,033
131, 522

1.92
3.00
3.83

70,810
116,845
134,672

1.85
3.05
3.51

100.00 3,833,452

100.00

100.00 3,436,692

16.04
31.80

335,179
654,922
40,073
214,696

15.92
31.11

359,438
719, 694
42,050
229,227

15.38
30.80

17,348

.87

18,300

.87

19,295

.83

343,655

17.22

373,960

17.76

437,199

18.71

4,288
96,832

.21
4.85

12,413
101, 539

.59
4.82

25,542
106,483

1.09
4.56

53,636
525,371

2.69
26.32

59, 665
549,164

2.84
26.09

70,314
598,461

3.01
25.62
100.00

1,996,115

100.00 2,105,142

100.00 2,336,426

_ 1,230,179

1,331,550

1,497,026

Recoveries, transfers from valuation reserves
and profits:
On securities:
Recoveries
8,367
Transfers from valuation reserves
25,013
Profits on.securities sold or redeemed-. 244,914
On loans:
Recoveries
„ _
. 14,219
Transfers from valuation reserves
40,223
All other
31,019

2.30
6.87
67.33

13,651
29,235
35,863

10.10
21.62
26.52

10,082
25,462
11,417

8.46
21.37
9.58

3.91
11.06
8.53

14,648
18,931
22,887

10.83
14.00
16.93

10,542
32,953
28,685

8.85
27.66
24.08

Total recoveries, transfers from valuation reserves and profits

363,755

100.00

135,215

100.00

119,141

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

41,389
71,460

12.88
22.24

122,105
36,312

32.35
9.62

182,827
61,319

34.03
11.41

13,312
134,084
61,065

4.14
41.73
19.01

14,292
158,675
46,021

3.79
42.04
12.20

11,171
233,651
48,278

2.08
43.49
8.99

Total losses, charge-offs, and transfers
to valuation reserves

321,310

100.00

377,405

100.00

537,246

100.00

See footnotes at end of table.




171

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 25.—Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1954-66—Continued
[In thousands of dollars]
1954

Amount

Profits before income taxes
Taxes on net income:
Federal
State--

Percent
to total

Amount

1956

Percent
to total

Amount

1,272,624

Total taxes on net income
Net profits before dividends

__

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 c urrent expenses
Total current expenses
Net current earnings
Ratio of cash dividends to capital stock (par
value)
Ratio of cash dividends to capital accounts

508, 544
23,015

428,589
17,622

413,053
18,727

446,211

431,780

643,149

647,141

264
299,841

203
309, 532

177
329,777

300,105

309, 735

329,954

919
27,305

2,107
24,825

2,945
26,807

8,080
53,886

30,753
54,659

Percent
to total

1,078,921

741,065

-_

1,089,360

531, 559

__

Cash dividends declared:
On preferred stock
On common stock

1955

56,170
67,184

79,887

95,846

84,970

Percent
29.34
10.88
21.03

Percent
28.65
11.41
20.89

61.87

61.25

60.95

38.13

38.75

39.05

12.58
3.88

12.59
3.91

12.88
4.01

Percent
30.14
10.65
21.08

1
Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which were
in 2operation a part of the year but were inactive at the close of the year.
Figures are averages of amounts reported for the June and December call dates in the year indicated
and the December call date in the previous year.
NOTE.—Earnings and dividends figures for 1869 to 1937 were published for the years ended August 31
or June 30 and appear in the table beginning on page 96 of the Comptroller's Annual Report for 1937. Similar figures for 1938 through 1941 appear in table 26 on page 136 of the 1941 report. Calendar year figures
are available, beginning with the year 1917, and are published in the Comptroller's reports as follows: 1938,
p . 100; 1940, p. 17; 1942, p . 34; 1943, p. 30; 1946, p. 98; 1949, p. 100; 1951, p. 118; and 1954, p. 142.




TABLE NO. 26.—Number of national bankSj capital stock, capital funds, net profits, dividends, and ratios years ended Dec. 81, 1930-56
[In thousands of dollars. Figures for previous years published in report for 1938, p . 115]
Capital stock (par value)»
Number
of banks

1930
1931
1932
1933
1934
1935
1936
1937
1938..
1939
1940-.1941
1942
.
1943
1944
1945
1946.
1947
19^81949
1950.
1951
1952
1953
1954.
1955
1956 .

-

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
4,659

Preferred

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
3,944

Common

Total

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
2, 558, 111

Cash dividends
Capital Net profaccounts * its before
On
dividends preferred
stock

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
2,562,055

1
Averages of amounts from reports of condition made in each year.
J Deficit.
» Licensed banks, i. e., those operating on an unrestricted basis.




3,919,950 158,411
3,753,412 2 54,550
3,323,536 2164,737
2,981,678 2 286,116
2,982,008 2153,451
3,084,092 158,491
3,143,029 313,826
3,206,194 228,021
3,281,819 198,649
3,380,749 251,576
3,463,862 241,465
3,596,865 269,295
3,684,882 243,343
3,860,443 350,457
4,114,972 411,844
4,467,718 490,133
4,893,038 494,898
5,293,267 452,983
5, 545,993 423, 757
5,811,044 474, 881
6,152, 799 537,610
6,506,378 506,695
6,875,134 561,481
7,235,820
573, 287
7,739, 553 741,065
7,924,719 643,149
8,220,620 647,141

558
10,103
18,862
18,166
11,532
9,378
8,911
8,175
7,816
6,683
6,158
5,296
4,131
2,427
1,372
1,304
1,100
712
615
400
332
264
203
177

On
common
stock

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
329,777

Ratios
Net profits before diviCash divi- Cash dividends on Total cash
dends on
dends
common
preferred
dividends
stock to
stock to
to capital
common
preferred
accounts To capital To capital
capital
capital
stock
accounts
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
4.49

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
12.08
11.91
12.17
12.59
12.60
12.89

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
4.01

Percent
9.19
2 3.25
2 10.32
2 17.88
2 8.98
8.85
18.39
14.32
12.59
16.11
15.76
17.68
16.10
23.24
26,55
30.31
29.11
25.60
23.48
25.20
27.35
24,62
25.78
25.32
31.06
26.14
25.26

Percent
4.04
2 1.45
24.96
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
7.87

S

3

I

SI

o

W

o

o
w
SJ

REPORT OF THE COMPTROLLER OF THE CURRENCY

173

TABLE N O . 27.—Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years, 1987-56
[In thousands of dollars]
Net losses Ratio of
Total loans Losses and Recoveries or recover- losses (or reend of year charge-offs
ies (+)
coveries+)
to loans

Year

1937 _.
1938
—
1939
1940
1941
1942..
1943
1944
1945
1946
1947 .
1948
1949
1950
1951
1952... _
1953
__
1954
1955
1956

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
48,248,332
22,392,194

_ . .

___

Average for 1937-56

71,844
80,290
67,171
58,249
51,989
43,134
43,101
41,039
29,652
44,520
73,542
150,482
159,482
i»45,970
153,940
152,322
168,533
i 67,198
168,951
178,355
57,488

50,342 x
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»31,525
2 31,832
2 32,996
2 36,332
2 41,524
2 39,473
2 37,349
38,876

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
U4,445
22,108
19,326
32,201
25,674
29,478
41,006
18,612

Percent
.24
.57
.30
.21
.07
.02

+.10
+.08
+.06
.02
.14
.08
.14
.05
.07
.05
.08
.06
.07
.08

.08

1 Excludes transfers to valuation reserves.
2 Excludes transfers from valuation reserves.
* Revised.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.

TABLE NO. 28.— Total securities of national banks, losses and recoveries on securities
and ratio of net losses or recoveries to securities, by calendar years, 1987-56
[In thousands of dollars]
Total
Ratio of
Net losses
securities Losses and Recoveries or recover- losses (or reend of year charge-offs
coveries+)
ies (+)
to securities

Year

1937..
1938
1939
1940
1941
1942. .
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953 19541955
1956.-

_
_-.

.

.

. -

Average for 1937-56

92,343
115,281
109,378
107,960
92,134
73,253
66,008
67,574
74,627
74,620
69,785
155,369
123,595
126,825
i 57,546
i 76,524
i 119,124
149,469
1152,858
i 238,997

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
2 11,509
2 6,712
2 9,259
2 8,325
2 9,286
2 15,758
2 13,027

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
225,970

35,808,046

.

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
40,503,392

87,163

27,816

59,347

1 Excludes transfers to valuation reserves.
2 Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.
432389—57-

-12




Percent
.50
.66
.59
.49
.28
.13
.02
.04
. .04
.09
.10
.07
.04
.04
.12
.15
.25

.08
.32
.56

.17

174

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 29.—Foreign branches of American national banksr Dec. 81, 1956 ]
BANK OF AMERICA NATIONAL TRUST AND SAVINGS FIRST NATIONAL CITY BANK OF NEW YORK,
N. Y.—Continued
ASSOCIATION, SAN FRANCISCO, CALIF.:

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.
London (West End).
FIRST NATIONAL BANK OF BOSTON, MASS.:
France:
Argentina:
Paris.
Hong Kong:
Avellaneda.
Hong Kong.
Buenos Aires.
India:
Buenos Aires (Alsina).
Bombay.
Buenos Aires (Constitucion).
Calcutta.
Buenos Aires (Once).
Japan:
Rosario.
Nagoya.
Brazil:
Osaka.
Rio de Janeiro.
Tokyo.
Santos.
Yokohama.
Sao Paulo.
Lebanon:
Cuba:
Beirut.
Cienfuegos.
Mexico:
Havana.
Mexico City.
Havana (Avenida de Italia).
Mexico City (Isabel la Catolica).
Havana (Avenida Maximo Gomez).
Panama:
Sancti Spiritus.
Panama City.
Santiago de Cuba.
Panama City (La Exposicion).
Peru:
FIRST NATIONAL CITY BANK OF NEW YORK, N. Y.:
Lima.
Argentina:
Philippines:
Buenos Aires.
Cebu.
Buenos Aires (Flores).
Clark Field.
Buenos Aires (Plaza Once).
Manila.
Rosario.
Manila (Port Area Branch).
Brazil:
Puerto Rico:
Porto Alegre.
Arecibo.
Recife (Pernambuco).
Bayamon.
Rio de Janeiro.
Caguas.
Salvador.
Mayaguez.
Santos.
Mayaguez (Plaza de Colon).
Sao Paulo.
Ponce.
Sao Paulo (Avenida Ipiranga).
San Juan.
San Juan (Hato Rey).
Canal Zone:
San Juan (Santurce).
Balboa.
Saudi Arabia:
Cristobal.
Jeddah.
Chile:
Singapore:
Santiago.
Singapore.
Valparaiso.
Uruguay:
Colombia:
Montevideo.
Barranquilla.
Venezuela:
Bogota.
Caracas.
Cali.
Caracas (Miranda).
Maracaibo.
Medellin.
* Excludes banking facilities at military establishments.
Note.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec. 31,
1956, appears in the following table.
England:
London.
London (West End).
Guam:
Agana.
Japan:
Kobe.
Osaka.
Tokyo.
Yokohama.
Philippines:
Manila.
Thailand:
Bangkok.




REPORT OF THE COMPTROLLER OF THE CURRENCY

175

TABLE NO. 30.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 81, 1956 *
[In thousands of dollars]

Number of branches

89
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

$672, 056
59,070
32, 165
241, 072
204, 003
15, 788
51, 273
26, 456
1, 301, 883

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.)

582, 614
248, 395
77, 550
16, 301
201, 628
12, 024

Total deposits
1, 138, 512
Due to head office and branches
5, 183
Bills payable and rediscounts
62, 687
Acceptances executed by or for account of reporting branches and
outstanding
52, 034
Other liabilities
43, 423
Total liabilities

1, 301, 839
CAPITAL ACCOUNTS

Undivided profits, including reserve accounts
Total liabilities and capital accounts
1

Excludes figures for banking facilities at military establishments.
NOTE.—For location of foreign branches see preceding table.




44
1, 301, 883

176

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 31.—Assets and liabilities of banks in the District of Columbia,
classes, Dec. 81, 1956
{In thousands of dollars]
Total all
banks

Number of banks.

National
banks

Non-national banks

17
ASSETS

Loans and discounts:
Real estate loans:
Secured by farm land
Secured by residential properties:
Insured by Federal Housing Administration
Insured or guaranteed by Veterans' Administration
Not insured or guaranteed by FHA or VA
Secured by other properties
_
_
_.
Loans to banks
_
_..
_..
Loans to brokers and dealers in securities
__
Other loans for purchasing or carrying securities
Loans to farmers directly guaranteed by the Commodity Credit
Corporation
Other loans to farmers (excluding loans on real estate)
Commercial and industrial loans (including open market paper).
Other loans to individuals for personal expenditures:
Passenger automobile installment loans
_
Other retail consumer installment loans
Residential repair and modernization installment loans
Other installment loans for personal expenditures
Single-payment loans for personal expenditures
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. 8. 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.




2,457

264

2,193

8,828
47,994
63,706
46,008
413
18,469
4,662

4,691
30,522
39,445
27,892
213
11,166
4,204

4,137
17,472
24,261
18,116
200
7,303
448

134
240,652

54
160,114

80
80,538

45,779
20,216
14,049
33,358
53,812
37,834
142

24,058
11,551
6,515
11,930
31,320
20,613
101

21, 721
8,665
7,534
21,428
22,492
17,221
41

638,503
7,109

384,653
5,907

253,850
1,202

631,394

378, 746

252,648

23,708
14,477
103,469

16,357
9,455
72,701

7,351
5,022
30,768

6,650
187,578
80,794
42,470
380

4,264
130, 736
49, 551
22,551

2,386
56,842
31,243
19, 919

459, 526

305,615

153,911

459,533
31,770
27,164
2,618

305,615
24,901
16,001
1,569

153,918
6,869
11,163
1,049

521,085

348,086

172,999

82,288

54,231

28,057

51,811
108
301
31,029

37, 670
108
217
19,005

14,141

7

7

84
12,024

189,956

111, 470

78, 486

355,493

222,701

132,792

REPORT OF THE COMPTROLLER OF THE CURRENCY

177

TABLE N O . 31.—Assets and liabilities of banks in the District of Columbia,
classes, Dec. SI, 1956—Continued
[In thousands of dollars]
Total all
banks

National
banks

Non-national banks

ASSETS—continued
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

22,680
393

14,313
393

8,267

1,150
1,988
1,826

861
614

1,150
1,127
1,212

1,535,909

965, 714

570,195

930,323
30,116
176
73,822
9,877

597, 808
25,115
147
61,084
5,860

332,515
5,001
29
12,738
4,017

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)

14,743
369,043

163,213
9,222
1,025

125,762
7,541

320,038

173,460

146, 578

1,408, 888

893,267

515,621

612
5,038
7,477
3,348

500
1,156
4,260
2,752

112
3,882
3,217
596

1,425,363

901,935

523,428

30,700
57,800
16,601
5,445

18,900
33,400
9,288
2,191

11,800
24,400
7,313
3,254

13,275

Total time deposits.
Total deposits_._

29, 793
719,807

288,975
16,763
1,025

Time deposits:
Individuals, partnerships, and corporations
U. S. Government _ _ _ _ _ _ _ _
_ _
Postal savings
States and political subdivisions .
Banks in United States
Banks in foreign countries

44,536
1,088,850

Total demand deposits

..

..

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

13,275

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits..
__
Reserves

__

_ _

Total capital accounts.
Total liabilities and capital accounts

110,646

63,779

46, 767

1, 635, 909

965, 714

570,195

103,647

64,017

39,630

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase)
- - -- -




178

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 32.—Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended Dec. 81, 1956
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

Sept. 26,
1956

Dec. 31,
1956

17 banks

17 banks

17 banks

17 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

593,604
474,837
7
34,483
36.183

609,161
454,670
7
32,380
31,815

610,668
472,872
7
30,302
29,929

631,394
459,526
7
31, 770
27,164

2,580

2,586

2,616

2,618

177, 765
28,465

207^410
21,913

175,087
27,253

189,956
31,029

114,920
21,920
150

120,758
22,134
270

103.258
22,473
363

134,508
22,580
393

1,150

1,150

1,150

1,937
1,916

1,771
2,198

1,988
1,826

1,490,608

Total assets.

1,150
2,249
2,295

1,508,107

1,479,947

1,535,909

924,754

935,449

911,046

930,323

285,830
1,025
48,196
117
87,337
17.030
1,850,581
1,032,688
817, 898

288,975
1,025
46,879
176
96,974
44,536
/, 408,888
1,088,850
820,038

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..

288,824
288,589
1.025
1,025
45,099
47,156
123
105
91,627
81, 515
17,841
30, 334
1,369,058 1,884,408
1,044, 881 1,068,000
821,408
824, 177
900

3,100

612

5,314
6,450
1,157

5,207
6.203
1,574

5,486
7,153
2,377

5,038
7,477
3,348

1,381,979

1,398,292

1,368,697

1,425,363

30,600
56,550
16,893
4,586

30,700
56,650
17,734
4,731

30,700
57,750
18,001
4,799

30.700
57,800
16,601
5,445

CAPITAL ACCOUNTS

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

108,629

109,815

111, 250

110,546

1.508,107

Total liabilities and capital accounts

1,479,947

1,535,909

103,894

110,801

103,647

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




101,416

179

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 33.—Assets and liabilities of nonnational banks, in the District of

Columbia at date of each call during the year ended, Dec. 81, 1956
[In thousands of dollars]
Apr. 10,
1956

June 30,
1956

9 banks

Sept. 26,
1956
9 banks

Dec. 31,
1956
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.

243,299
165,643
7,300
13,898

245, 548
156,385
7
7,190
11, 970

250,855
160,701
7
6,990
11,295

252,648
153,911
7
6,869
11,163

1,047

1,047

1,049

76,605
8,805

65, 731
10,820

78.486
12,024

34,317
8,179

39,993
8,209

29,084
8,226

42,282
8,267

1,150

1,150

1,150

1,150

1,103
1,610

1,138
1,285

876
1,512

1,127
1,212

548,819

Total assets .

1,047
60,107
11,159

559,332

548,294

570,195

315, 943

322,790

321,258

332, 515

128,808

127,865

125,240

125,762

14,139
21
31,159
5, 640
495,710
841,948
158, 767

14, 888
19
27, 792
12, 780
506,184
856,810
149,824

13, 770
37
28,105
5,061
498,471
346,415
147,056

12,542
29
30,030
14, 743

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..

515,621
369,043
146,578

500

112

3,848
3,029
535

3,821
2,630
629

4,202
3,092
737

3,882
3,217
596

503,122

513,214

502,002

523,428

11,800
24,250
6,529
3,118

11,800
24,250
6,913
3,155

11,800
24,350
6,972
3,170

11,800
24,400
7,313
3,254

CAPITAL ACCOUNTS

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

45,697

46,118

46,292

46,767

548,819

559,332

548,294

570,195

41,233

41,790

42,355

39,630

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




180

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 34.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 81, 1956 and 1955
[In thousands of dollars]
Years ended Dec. 31Total

National banks

Nonnational
banks

1956
Number of banks *
Capital stock, par value J
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 col
lection and exchange charges
Trust department
Other current earnings
Total earnings from current operations..

1955

1956

1955

17
30,213
107,318

17
27,440
96,050

18,867
63,070

17,367
57,030

11,346
44,248

10,421
1,660
27,986
486
3,443

10,701
1,505
24,009
349
3,297

6,716
1,031
15,715
116
1,693

6,844
13,523
129
1,645

3,705
629
12,271
370
1,750

3,857
611
10,486
220
1,652

1,517
2,880
1,151

1,598
2,921
1,311

387
1,210
543

1,136
659

1,130
1,670
608

1,229
1,785
652

49,544

45,691

27,411

25,199

22,133

20,492

4,686
10,028
488

2,893
5,653
255
1,787

2,737
5,257
US
1,684

2,167
5,016
202
1,534

1,949
4,771
192
1,498

Current operating expenses:
Salaries and wages:
Officers
5,060
Employees other than officers
_
10,669
Number of officers i
__.
_
467
Number of employees other than officers i
s,m
Fees paid to directors and members of executive,
discount, and advisory committees
_..
341
Interest on time deposits (including savings deposits)
5,128
Interest and discount on borrowed money
Taxes other than on net income
_
169
Recurring depreciation on banking house, furni1,967
ture and fixtures
1,121
Other current operating expenses
7,427
Total current operating expenses
31,882
Net earnings from current operations

17,662

s,m

894

1956

1955
9
10,073

311

200

173

141

138

4,729
203
1,567

2,607
79
1,070

2,442
75
948

2,521
90
897

2,287
128
619

922
7,005

677
3,860

563
3,792

444
3,567

359
3,213

29,451

17,039

15, 987 14,843

13,464

16,240

10,372

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

22

301

63
42
169

93
27
186

Total recoveries, transfers from valuation reserves and profits

296

9,212

7,290

7,028

1
191

"IlO

132

56
27
96

"55

172

370

124

238

37

Losses, charge-oils, and transfers to valuation reserves:
On securities:
Losses and charge-ofls
Transfers to valuation reserves
,
On loans:
Losses and charge-offs
Transfers to valuation reserves
Allother
_

862
238

509
50

332

167

530
238

342
50

121
1,933
203

141
1,542
367

34
1,631
135

47
1,338
231

87
302
68

94
204
136

Total losses, charge-ofls, and transfers to valuation reserves

3,357

2,609

2,132

1,783

1,225

1
3

Number at end of period.
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.




REPORT OF THE

COMPTROLLER OF THE

181

CURRENCY

TABLE N O . 34.—Earnings, expensesy and dividends of banks in the District of
Columbia, years ended Dec. SI, 1956 and 1955—Continued
[In thousands of dollars]
Years ended Dec. 31—
Total

National banks

1956

Cash dividends

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




8,412

7,799

6,189

6,440

6,851

3,942

3,725

2,951

3,126

7,388

4,470

4,074

3,238

3,314

4,449

„

14,239

7,708

Net profits before dividends

1956

6,893

Taxes on net income: Federal

1955

14,601

Profits before income taxes

1955

Nonnational
banks
1956

3,941

2,625

2,423

1,824

1,518

110

150

74

67

36

83

362
302
100

219
1,300

207

159
200

362
95
100

60
1,100

1955

Percent Percent Percent Percent Percent Percent
32.44 32.89 31.91 32.41 33.09
33.47
9.69
10.35
9.51
10.35
11.39
11.16
21.34 22.58
21.56 21.22 20.74
21.07
64.35

64.46

62.16

63.44

67.06

65.70

35.65

35.54

37.84

36.56

32.94

34.30

14.73
4.15

14.36
4.10

13.91
4.16

13.95
4.25

16.08
4.12

15.07
3.89

TABLE N O . 35.—Number of banks, capital stock, capital funds, net profits, interest and dividends, and ratios, all banks in the District of
Columbia, years ended Dec. 81, 1980-56

to

[In thousands of dollars. Figures for previous years published in report for 1940, p. 200]
Capital i

Number of Capital
banks notes and
debentures

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
1956
1
2

..

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
17

300
1,340
1,790
1,536
1,419
1,303
1,295
999
604
454
400
123

Preferred
stock
(par
value)

1,575
1,650
1,650
1,554
1,355
1,208
1,288
1,130
969
794
317
34

Common
stock
(par
value)

Total

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
30, 213

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
30, 213

Net
Capital
profits
accounts * before
dividends

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
107,318

Averages of amounts from reports of condition made in each year.
Deficit.




Ratios

Interest and cash dividends

2,983
1,514
21,218
2 2,186
2 416
2,501
3,744
2,966
2,480
3,455
2,986
3,283
2,436
2,468
3,573
5,485
5,438
4,991
3,589
5,083
6,361
5,800
6,446
7,143
6,773
7,388
7,708

On
capital
notes
and
debentures

On preferred
stock

Interest
Cash
Cash
on capital notes dividends dividends
On com- and de- on pre- on common
mon
bentures ferred
stock
to capital stock to stock to
preferred common
notes
capital
and de- capital
bentures
2,755
2,648
2,278

31
77
58
47
41
40
28
24
11
17
6

34
68
68
59
50
47
56
42
38
31
16
1

J.OOfi
901
996
1,083
1,194
L,248
L,379
L,416
L,442
1,439
1,432
1,557
1,610

2,198
2,412
2,653
2,912
3 014
3,068
3,166
3,553
3,941
4,449

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

1

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
14.73

Total
interest
and cash
dividends
to capital
accounts

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
4.15

Net profits before dividends

O

o
To
capital
stock

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
25.51

To
capital
accounts
5.67
2.91
2 2.43
2 5.32
2 1.04
6.12
8.86
6.69
5.45
7.36
6.20
6.63
4.83
4.80
6.83
9.93
8.83
7.62
5.31
7.30
8.66
7.41
7.87
8.33
7.51
7.69
7.18

•3

M

I
3

183

REPORT OF THE COMPTROLLER Ot THE CURRENCY

TABLE NO. 36.— 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
1937-56
ALL BANKS
[In thousands of dollars]
Year

Total loans
end of year

1937
19381939
_ .
1940
1941.
-_
1942___
.
..
1943
1944
1945 _
1946
1947
1948
-_ 1949.__
1950
1951
1952 .
1953
1954
1955
1956 ..
Average for 1937-56

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
631,394

1937. _
-_
1938
1939
1940... .
.
1941
1942... .
1943
1944
1945
1946
1947
1948 .
1949
1950
1951
1952 . _ _ _
_ _
1953
1954
1955
1956
Average for 1937-56

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
378, 746
145, 284

266, 231

Losses and
charge-offs

Recoveries

347
416
257
371
332
225
237
600
195
184
303
395
1
574
382
475
1393
1579
335
1360
1423
369

Net losses Ratio of losses
(or recovor recoveries
eries + ) to
(+)
loans

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
2 173
309

+25
215
120
178
55
+126
+60
166
+105
+299
+226
184
270
+157
160
140
173
173
117
250

225
103
59
119
143
147
113
141
112
211
230
2 100
2
2 93
180
2 191
2 102
22 289
75
2
123
2 103
143

Percent
+.02
.22
.11
.14
.04

+49
112
108
59

60

+.11
+0
.6
.15
+.08
+.17
+.09
.07
.09
+.05
.04
.03
.04
.03
.02
.04
.02

NATIONAL BANKS

1937-.1938
1939_ .
1940
1941___
1942_-_ _
1943
1944
_
1945. 1946
1947
1948
1949 .
1950
1951
1952
1953. .
1954
1955
1956
Average for 1937-56
1

-

_ _

176
215
167
178
122
112
133
110
66
62
133
264
166
298
279
288
139
206
241
181

NONNATIONAIiBANKS
54, 651
11
7
55,003
60,862
68,162
75, 883
62, 648
55, 255
55, 298
57,495
78,620
110, 766
125, 664
139, 417
164,306
173,476
193, 723
201, 710
200, 765
232, 582
252, 648
120,947

201
90
193
210
113
104
490
129
170
131
313
1216
177
114
291
M96
154
182
188

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
2 70
166

+21
+35
20
+31
+46
+149
+97
164
168
+14
107
177

+
1

.11
+.01
.05
.08

64
83
138
38

.02
.02
.04
.03

24
103
12
119
76
+91

.04
.19
.02
.17
.10
+.15
+.14
.36
+.10
+.19
+.12
.02
.07
+.09
.03
+.02
.09
.05
.01
.04
.02

+80

197
+59
+150
+129
20
102
+143
53
+37
174
109
34
112
22

2
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with year 1928 see Annual Report for 1947, p. 109.




+.10
.25
.21
.10
+.03
+.06
.04
+.06
+.07
+.15

184

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 37.—Total securities of banks in the District of Columbia, losses and
recoveries on securitiesf and ratio of net losses or recoveries to securities, by calendar
years 1987-1956
ALL BANKS
[In thousands of dollars]
Total securities end of
year

Year

1937
1938.
1939
1940.
1941
1942
1943 .
1944
1945.
1946
1947
1948 1949
1950
1951 . .
1952
1953
1954
1955
1956

-

Percent
.38
.34
.41
.28
.30
.07
.04
.03
.002
.01
.05
.02
.02
.03
.13
.12
.10
.02
.09
.23

811
892
1,045
732
827
466
770
639
299
205
347
»201
U26
U69
1757
1711
1634
U64
1509
11,224

28
271
2 34
21

514
466
552
381
468
204
180
180
21
80
264
113
124
167
757
703
563
130
508
1,224

576

196

380

.09

211
334
394
285
242
199
469
250
173
76
16

296
228
489
248
375
72
172

.35
.28
.60
.30
.40
.04
.06

NATIONAL

_ -

- -

-

A vera?e for 1937-56

See footnotes at end of table.




297
426
493
351
359
262
590
459
278
125
83
2
88
22
22

Ratio of losses
Net losses or (or recoveries
recoveries (+) + ) to securities

443,104

.

Average for 1937-56

1937
1938.
1939
1940 .
1941
1942
1943
1944
1945 . .
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955-.
1956

Recoveries

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
521,085

-

.

Losses and
charge-offe

BANKS

83,437
81,286
81,270
$1,589
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
348,086

507
562
883
533
617
271
641
231
182
97
166
144
124
UOO
1540
1432
1265
1151
U67
1332

280,034

337

2 80
21

+19

9
21
150

+36

2
7
67

23
100
540
425
198
151
167
332

140

197

2

(2)

+.01

.002
.01
.05

+.01
.01
.03
.14
.12
.06
.04
.05
.10

.07

185

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 37.—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 1987-1956—Continued
NONNATIONAL BANKS
Year

1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956

Total securities end of
year

_

Average for 1937-56

Losses and
charge-offs

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
172,999
163,070

Recoveries

Ratio of losses
Net losses or (or recoveries
recoveries (+) + ) to securities
Percent

92
99
66
117
63
121
209
105
49
67

330
162
199
210
195
129
408
117
108
181
U57
i 102
169
1217
1279
1369
113
1342
1892

2 34

218
238
63
133
93
132
8
199
12
59
114
149
101
67
217
278
365

+21

.42
.42
.12
.24
.15
.13
.01
.10
.004
.02
.05
.07
.05
.03
.10
.13
.19

+.01

341

239

56

.18
.52

183

.11

1

Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with year 1928 see Annual Report for 1947, p.. 110.

2

TABLE NO. 38.—Fiduciary activities of banks in the District of Columbia,
Dec. 81, 1956
Total

Nonnational
banks

National
banks

Number of banks exercising fiduciary powers
.„
Number with authority but not exercising fiduciary powers. _

10

6

4

Total number authorized to exercise fiduciary powers..

10

6

4

Total banking assets of banks authorized to exercise fiduciary
powers
,
$1,355,544,664

$924,445,165

$431,099,499

290,267,087
34,785,308
416,404,234
6,890,331

137,725,535
12,055,910
220,737,871
4,327, 271

152, 541, 552
22, 729,398
195,666,363
2, 563,060

748,346,960

374,846, 587

373, 500, 373

3,598
526
1,850

1,556
207
849

2,042
319
1,001

49
255

31
101

18
154

6,278

2,744

3,534

$215,538,036

$196,633,446

$18,904,590

$2,880,000

$1,210,000

$1,670,000

Personal account liabilities:
Living trusts
Court accounts
Agency, escrow, custodian, etc
All other liabilities

__

Total liabilities
Number of personal accounts:
Living trusts
_ _
_.
Court accounts
Agency, escrow, custodian, etc
Number of corporate trust bond issue accounts being administered
Number of all other accounts being administered *
Total number of accounts being administered
Bond and debenture issues outstanding where bank acts as
trustee
Trust department gross earnings for year ended Dec. 31,1956- _

* Corporate paying agency, depository, registrar, transfer agency, etc.




TABLE N O . 39.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 31, 1956
[In thousands of dollars]
Total all
banks

Number of banks.
Loans and discounts:
Real estate loans:
Secured by farm land (including improvements)
Secured by residential properties (other than farm)
Secured by other properties
:
Loans to banks
Loans to brokers and dealers in securities
_
_
_
Other loans for the purpose of purchasing or carrying stocks, bonds, and other securitiesLoans to farmers directly guatanteed by the Commodity Credit Corporation
Other loans to farmers (excluding loans on real estate)
Commercial and industrial loans (including open market paper)
Other loans to individuals for personal expenditures
All other loans (including overdrafts)
Total gross loans
__.
Less valuation reserves..
Net loans
Securities:
XJ. 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




National
banks

All banks
other than
national

Banks other than national
State commercial l

Mutual
savings

Private

s

14,188

4,659

9,529

8,929

528

72

1,394,494
34,707,258
6,362,569
654,917
2,589,829
1,732,279
883,115
3,298,012
38,965,031
19,115,948
2,713,146

516,487
9,285,283
2,264,175
247,223
1,127,691
722,574
329,777
1,577,816
21,146,983
10,406,481
1,457,384

878,007
25,421,975
4,098,394
407,694
1,462,138
1,009,705
553,338
1,720,196
17,818,048
8,709,467
1,255,762

817,977
7,715,326
2,113,191
407,451
1,455,173
976,755
551,898
1,713,243
17,703,175
8,524,079
1,239,796

58,666
17,702,847
1,983,865

1,723
41,851
175,783
11,452

1,364
3,802
1,338
243
6,965
12,574
1,440
5,230
73,022
9,605
4,514

112,416,598
1,784,587

49,081,874
833,542

63,334,724 43,218,064
951,045
731,623

19,996,563
219,152

120,097
270

20,376

110,632,011

48,248,332

62,383,679

42,486,441

19,777,411

119,827

66,795,281
13,636,697
5,722,921
1,196,970

31,680,085
7,025,220
1,561,566
236,521

35,115,196 27,066,555
6,611,477 5,889,743
4,161,355 1,340,112
960,449
246,738

7,971,022
668,950
2,818,625
704,506

77,619
52,784
2,618
9,205

87,351,869

40,503,392

46,848,477

34,543,148

12,163,103

142,226

3,454,476
46,382,257
2, 111, 378
60,700
133, 696
725,265
1,113,675

1,706,507
25,375,990
1,088,855
33,442
83,963
262,397
399,104

1,747,969 1,611,183
21,006,267 20,122,929
1,022,523
824,087
27,258
20,619
49, 733
49,731
446,787
463,694
714,571

133,043
787,422
197,032
6,427
246,376

3,743
95,916
1,404
212
2
16,081
4,501

117,701,982

134,263,345 100,568,619

33,310,814

383,912

251,965,327

3
o
W
O

LIABILITIES

Demand deposits:
Individuals, partnerships, and corporations
XJ. S. Government
States and political subdivisions
Banks in the United States
Banks in foreign countries
Certified and cashiers' checks, etc
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

59,582,348
2,102,490
6,051,170
8,741,375
586,058
1,964,116

51,906,734
1,710,062
4,488,560
5,612,277
1,210,777
1,

51,678,522
1,706,287
4,481,707
5,593,394
1,181,120
1,804,672

18,487
3,383
2,199
340
4,706

209,725
392
4,654
18,543
29,657
28,936

145,794,281

Total demand deposits

111,489,082
3,812,552
10,539,730
14,353,652
1,796,835
3,802,430

79,027,557

66,766,724

66,445, 702

!9,115

291,907

78,509,669
316, 795
28,873
2,465,914
208,597
1,254,829

26,270, 576
245,029
12,751
1,416,243
20,828
501,839

52,239,093
71,766
16,122
1,049,671
187,769
752,990

22,236,277
71,677
16,122
1,032,961
185,402
751,240

29,984,928

17,888

15,738
1,867

972
500
1,750

ft)

82,784,677

Other liabilities

54,317,411

24,293,679

30,002,619

21,113

107,494,823

121,084,135

90,739,381

30,031,734

313,020

757,045
3,190,670

18,654
273, 748
1,442,625

69,548
483,297
1,748,045

51,438
466,020
1,412,312

328,210

14,277
17,277
7,523

232,614,875

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding

28,467,266

228,578,958

Total deposits

3

109,229,850

123,385,025

92,669,151

30,363,777

352,097

2,634,300
4,138,783
1,439,937
255,304

50,298
14,490
2,304,687
5,837,008
2,265,777
406,060

50,298
14,490
2,299,058
3,728,024
1,576,962
230,636

10,878,320

7,899,468

2,947,037

31,815

134,263,345 100,568,619

33,310,814

383,912

o
o

g
§

Total liabilities
CAPITAL ACCOUNTS

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

ft*
50,298
18,298
4,938,987
9,975,791
3,705,714
661,364
19,350,452

8,472,132

251,965,327

117,701,982

o
2,089,347
687,637
170,053

5,629
19,637
1,178
5,371

* Includes stock savings banks.
* Book value for insured mutual savings banks included with "Reserves"—retirable value amounts to $3,120,000.




OO

TABLE N O . 40.—Assets and liabilities of all active banks in the United States and possessions, Dec. SI, 1956 {including national, State
commercial, savings, and private banks)
ASSETS
[In thousands of dollars]

Location

New Hampshire...
Verniojit
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...

00

Balances
with
other
Corporate
U. S. Gov- Obligabanks,
Other
tions of
stocks,
Loans and ernment
bonds, including Currency including
States
Population Num- discounts, obligareserve
and polit- notes, stocks of and coin balances
tions,
(approxi- ber of including
direct and ical sub- and de- Federal
banks
overmate)
and cash
guaran- divisions bentures Reserve
drafts
items in
banks
teed
process
of collection
917,000
567,000
372,000
4,861,000
839,000
2,261,000
9,817.000
16,380,000
5,475,000
11,062,000
410,000
2,863,000
876,000

90
108
68
362
18
166

454,602
461,176
278,488
5,474,182
673,811
2,138,153

307,229
247,831
113,443
3,013,877
333,684
1,331.983

812 9,480.412 5,348,047
612 33,427,221 12,883,934
299 3,257,005 2,266,070
799 7,084,762 3,920,030
233,502
30
344,906
158 1,074,347 1,006,875
17

631,394

459,533

B
Other
assets

Total
assets

65,855
24,954
7,813
358,991
62,364
243,693

23,625
34,778
2,946
245,274
24,716
102,735

20,286
107,088
11,669
78,037
7,690
52,126
121,949 1,255,806
24,064
138,070
76,222 492,003

10,137
7,969
4,550
82,871
13,978
42,217

845
988
339
2,778
84
1,289

863
57
623
963 32,050
250 1,735
330
43

1,556 1,031,292
894,660
540
491,757
806
31,076 10,907.639
3,088 1,352,675
21,105 4,707,053

710,733 763,670
2,559,414 1,694,950
677,777 279,502
1,047,246 788,534
29,734
75,576
137,629 107,955

434,074
396,272
33,388
74,400
10,630
6,396

261,880 2,123,130
432,737 10,637,923
159,521 1,048,692
280,021 2.775,914
13,238
119.933
60,245
478,136

161,722
417,492
86,798
168.524
7,194
26,185

6,323
4,303
1,208
6,011
558
191

3,086 33,828
6,086 509,254
228
590
10,692 9,673
18
1,109
532
360

58,171 19,385,076
476,072 63,445,658
29,184 7,839,963
55,494 16,221,301
2.412
838,810
43,378 2,942,229

39,206
26,661
22,933
287,822
76,831
257,280

31,029

27,164

2,618

4,483,570 2,973,681
163,972
45,005
59,383
12,893
225,998
61,903
65,182
26,949
125,122
31,136
238,261
29,541
158,486
35,180
153,012
9,987
226,367
29,551
507,487 155,070
110,320
18,581
74,987
32,326
173,790
27,459

523,704
4,773
2,700
3,756
1,336
3,848
4,831
2,587
1,138
3,563
18,798
1,305
2,807
4,352

976,791 15,385,062
72,960
606,317
33,452 254,826
75,943 612,132
29,814 204,235
52,876
626,956
87,563 909,216
43,978
419,834
30,759
236,901
57,056
771,592
164,040 3,274,075
23,397 272,767
48,742 557,131
63,583
719,238

728,773 12,664
944
37,567
196
11,645
26,727
461
8,922
460
33,110
2,385
52,836
1,634
16,943
674
11,696
546
25,418 1,156
163,196 11,446
10,439
523
14,770
439
32,418
800

55,794

784,163 9,465,220

445,687

31,770

37,066,000
3,708,000
1,994,000
4,490,000
2,390,000
3,759,000
3,888,000
3,167,000
2,132,000
3,057,000
9,068.000
1,833,000
3,038,000
3,513,000

1,915 45,819,635 20,769,944
312 1,264,382
872,384
182
421,031
478,937
214 1,074,895
659,675
148
320,889
283,760
398 1,141,080
654,960
261 1,347,930 1,290,212
237
678,244
521,240
196
386,161
297,168
180
967.459
896,214
945 4,280,459 2,622,445
236
391,872
324,119
365
831,255
718,127
297 1,224,584
724,522

46,037,000

3,971 14,330,241 10,343,763 2,282,367




Investments
and
Real
other
Cusestate assets tomers'
Bank
premises owned indi- liabilowned, other rectly ity on
furniture than repre- acceptbank senting ances
and
fixtures prem- bank
outises
prem- standises or
ing
other
real
estate

515,581

324,464

22,580

393

21,664

3,814

1,150
19,987 519,705
407
4,312
5
912
118
308
11
5
5
87
498
4,638
125
1,714
233
504
3,655
1,981
5,459 71,301
32
44
234
165 10,366
20,351

86,768

1,535,909

610,354
5,940
2,255
12,228
1,916
5,849
11,549
4,989
2,153
8,114
19,801
1,637
3,102
4,921

92,823,870
3,078,963
1,278,235
2,754,144
943,479
2,677,414
3,978,709
1,883,994
1,130,258
2,992,126
11,293,577
1,154,992
2,283,964
2,986,198

84,454 38,436,053

8
K

1
c
I
§

Ohio
Indiana
IllinoisMichigan
g Wisconsin
to Minnesota
< Iowa
w
§ Missouri
1 Total Middle
g
Western StatesNorth Dakota
South Dakota
H* Nebraska
w 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 8_
American Samoa. __
Virgin Islands
of the United
States
Total possessions
Total United
States and possions

2,135,773
912, 794
3, 584,053
1,353,549
768,911
812,296
520,409
1,512, 860

92,060
36,730
64,388
77,326
29,918
27,125
15,672
33,579

437
693
2,678
1,481
972
1,612
246
1,250

14,067
859
9,690
5,131
1,981
5,277
2,792
1,898

101
101
6,088
137
239
882
125
2,616

33,035 11,383,465
9,158 4,689,662
50,237 17,282, 977
23,864 8,563,127
11,067 4,196,248
10,469 4,237,010
3,150 2, 974,022
14.196 6,089,316

893,213 11,600,645
99,069
8,176
110,369
8,406
383,031
18,807
507,656
31, 635
154,596
10, 297
81,558
6,389
415,011
24,281
147,332
12. 513
671,129
34,389

376,798
4,659
4,149
9,796
14,022
7,121
2,629
11,036
7,474
19,073

9,369

41,695
416
5
1,006
220
165
1
362
42
3,753

10,289

483
623
2,078
2,229
790
460
2,370
488
3,580

155,176 59,415,827
709,130
1,290
640,018
1,570
3,002 1,640, 761
3,164 2,261,257
777,877
1,801
372, 742
543
6,735 1,786,902
609,622
793
5,694 2,517,002

5,970
584
30,351
25
6,434

1,957
360
180
70,528
32
3

4,863

68

24, 592 11,315,311
7,278 3,041,824
9,471 2,024,690
94,847 21,553,896
592, 669
740
910,324
1,176
331,677
1,291
932, 642
7,219

42,257

71,171

122,022 29,387,722

3,491,053
1, 793,390
5, 648,567
2,981,204
1,429,476
1,129,127
938,094
1,706,965

650,158
218,002
1.079,323
640, 718
229, 977
259,211
227,108
313,177

157,785
48,071
329,344
54,280
81,205
123,229
31,723
97, 210

22, 412
5,090
36,054
13. 653
4,191
4,681
2,473
21,171

45,050,000
668,000
707,000
1, 432,000
2,138,000
647,000
328,000
1,655,000
831,000
2,264,000

4,944 22,560,520 19,117,876
154
282,143
229,187
171
244,021
230,142
421
530,099
564,233
598
699,668
746,048
114
263,187
275,286
53
142,623
117,193
170
547,517
702,738
52
216,854
201,171
386
678,377
870,091

3,617,674

922,847

109, 725

54,387
29,237
106,658
225,605
42,373
15,834
61,934
19,524
188,291

28,803
11,067
21,845
30,478
21,838
4,803
14,307
3,072
40,055

10,
2,
1,
13,

2,119

9,227,000
4,482,000
9,555,000
7,656,000
3,818,000
3,286,000
2, 719,000
4,307,000

670,000
713,000
745,000
750,000
636,000
825,000
255,000
1,088,000

21,012,000

620
474
928
408
555
683
666
610

4,575,785
1,565,662
6,293,679
3,251,862
1,569,082
1,813,847
1,183,412
2,307,191

210,799
99,112
178,876
159,922
69, 229
49,254
48,818
77,203

3, 936,089

3,604.489

97 1,394,870
52
880,912
139 10,450,564
33
251, 756
48
399,979
6
138,423
10
432,328

748,975
578.612
5,237, 545
199,150
243,256
117,911
211,322

743,843
178,323
172,314
1,247,804
22, 712
43,804
10,687
56,424

176,268
66,541
13,712
235,017
3,680
5,693
7,195
12, 818

13,101
4,418
2,863
47,322
723
1,066
403
1,274

154,893 2, 569,751
564,054
39,664
321, 767
19,344
215,263 3, 714,198
97, 713
9,043
192,341
11,946
43,995
6,303
168,369
20,972

79, 959
35,638
25,310
207,658
7,036
4,531
5,458
15, 929

4,399
1,119
205
2,799
59
95
11
1,056

385 13,948,832

7,336, 771

1,732,068

344, 656

58,069

322, 535 5,102,437

301,560

5,344

169,652,000 14,146 110,075,729 66, 520,890 13,570,255 5,696,703 1,194, 467 3,393, 475 46,246, 245 2,094,499
166,000
7,904
8,339
70,336
18
52,066
7,071
58
2,073
27, 953
38,000
50,000

517
429
206
532
423
709
611
359
613

8

1,564
7,758

1,135

534,000
2, 264,000
20,000

10
10
1

216,852
271, 681
216

124, 938
67,093
1,482

24,000
3,096,000

3
42

6,145
556,282

9,407
274,391

2,160
1,211
23,365
36,006

6,316
11,990

1,445
1,000

66,442

8
26,218

2,503

1,917
33

39
218

24,188
24,094
104

72,399
31,771
232

9,125
5,384
2

905
61,001

1,707
136,012

38
16, 879

172,748,000 14,188 110,632,011 66,795,281 13,636,697 5,722,921 1,196,970 3,454.476 46,382,257 2, 111, 378

1,957

59,763 133,346 723,718 1,054.769 250,763,859
176,598
197
253
348
15,317
12,644

6

22,132
21,870
481,048
479,417
2,061

286
392

2

324
1,223

1,808
28,783
25
132

18,342

937

350

1,547

58,906

1,201,468

60,700 133,696 725,265 1,113,675 251,965,327

2
i 2 branches of a national bank and 2 branches of a State member bank in New York.
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.



TABLE N O . 40.—Assets and liabilities of all active banks in the United States and possessions, Dec. 81, 1956 {including national, State
commercial, savings, and private banks)—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States

Total
deposits

573,977
559,383
302,592
5,456,038
707,456
2, 506,158

919,990
790, 608
443,760
9,711, 722
1,224,958
4,260,365

400
998
15
977
2,642

33, 593
1,735
43

9,094
8,682
3,647
130,210
14,973
43, 420

Capital
stock i

19,949
8,512
11,193
132,086
20,295
63,004

Surplus

46,052
49,001
15,488
561, 853
74,456
213,717

and retirement
Undivided account for
profits
preferred
stock and
capital
notes and
debentures
32,828
31,568
11,509
305,068
15,758
109,265

2,979
5,291
6,145
32,130
500
14,597

Total Eastern States

7,245,799

10,105, 604 17,351,403

5,032

35,371

210,026

255, 039

960,567

505,996

24, 541,307 56,322,049
3, 502, 683 7,218,329
5,453,919 14, 521,980
242,908
748, 454
1,049,150 2, 693, 737
320,038 1,

18,192
750
23,029

532,354
228
10,523
18
532

1,194, 682
71, 533
157,858
8,138
24,060
15, 863

1,106, 668
145,247
358,129
14,336
43, 111
30, 700

3,154, 438
300, 850
912,324
56,592
112, 684
57, 800

960,057
77,411
209, 723
10, 717
59,423
16, 601

Total Southern States




w
o
o

157,218
25, 615
27, 735
555
8,682
5,445

47, 803,432 35,110,005

___

O
SO

61, 642

31, 780,742
3, 715, 646
9,068,061
505,546
1, 644, 587
1,088,850

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky...
Tennessee

Time
deposits

346,013
231,225
141,168
4,255, 684
517,502
1,754,207

Location

Bills payAcceptable, reances
discounts, executed
by or for
and other
Other
liabilities account of liabilities
reporting
for borbanks and
rowed
money outstanding

1, 852,316
966, 091
832, 637
314,050
545, 804
1, 940,984
127,944
736,314
484, 631
1,949, 595
769, 556
2, 916,343
377, 238
1,346,106
188, 791
854,373
446, 565
2,339, 409
8,866,951 1, 505, 640
181, 795
877, 467
364, 741
1, 729, 098
749, 074
1,986,006
28,227,599

612

82, 913, 437

42, 583

543, 655

1,472,134

1, 698,191

4, 594, 688

1,333, 932

225,250

jjj

2,818,407
1,146, 687
2,486, 788
864,258
2,434,226

4,430
4,894
1,010

50
800

147
10,366

27,562
7,810
57, 428
7,235
31,021
35,777
16,364
4, 588
19, 693
59, 111
4,361
15,052
27,209

70,264
31,901
40, 761
24,381
60,913
101, 715
43,198
22,162
56,507
296, 249
27,331
49, 558
66,001

111, 159
57,471
128, 931
33,357
94,210
107, 691
63,968
57,064
90,897
337, 418
37,072
87,572
98,463

40, 640
23,564
29, 580
11, 779
36, 246
33,004
30,321
1,800
31, 332
122,460
23,482
33, 883
42,025

6,094
5,903
9,528
2,458
20, 625
13, 569
4,944
1,041
3,131
31, 768
3,484
3,863
6,254

2

390

407
5
118
11
5
604
155
233
4,592
73,590

14,098

90,233

313,211

890,941

1,305,273

460,116

112,662

1, 723,344
1, 043,164
2, 785,974
10, 372, 591
1, 059,262
2,093,839
2, 735,080

7,021,920 35, 249,519

168
450
1,700
206

fel

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

__

_

423, 492
137,478
516,204
259,562
136,048
139,909
93, 636
170, 784

118,813
76,845
178,640
99,716
57, 248
61, 823
71, 694
111, 503

8,211
11, 529
109,553
18,208
8,162
20,249
11,223
12,009

54, 753, 382

10, 756

10, 638

526, 797

1,261, 715

1, 877,113

776, 282

199,144

650,355
588,930
1, 502, 206
2, 081, 744
729, 524
344, 421
1, 642,437
573,130
2,305, 622

200
50
1,835
532
600

421

1,957

4,043
3,537
6,917
8,444
6,620
2,212
17, 511
3,646
12,814

13, 616
12,348
39,418
48,060
14, 088
4,698
41, 752
11, 890
58,165

19,317
17, 796
50, 647
70,840
16,473
12, 805
53,067
11,417
79, 533

15, 356
15,021
32,542
48,529
9,741
7,219
26,138
3,847
52,999

6,243
2,336
7,196
3,108
831
1,387
4,851
5,692
5,491

1,918,466

10, 418,369

4,784

1,957

65,744

244,035

331, 895

211,392

37,135

1,045, 866
701, 686
8,399, 780
171, 611
283, 480
102, 680
237,802

2, 796,192
1, 844,419
19, 651, 272
555, 667
844, 743
307, 786
854,139

200
865
33

360
180
73,001
32
3
68

31, 519
33,831
454, 579
4,047
9,843
3,973
15,665

56, 788
46,435
442, 767
13,138
17, 203
7,830
21,090

106, 002
58,177
631, 798
15, 648
25,380
7,385
31,426

46,092
40,390
289, 271
3,788
12,267
4,653
9,364

4,671
393
11,175
349
885
50
890

26,854, 218

1,098

73,644

553,457

605,251

875, 816

405,825

18,413

82,367, 223 227,540,328

78, 351

755, 498

3,141,369

4,955,172

9, 945, 352

3, 693, 543

654,246

3,188

3,320

1,991

741

324
1,223

727
2
275
3,968
44,067
21
241

12, 373
36,300
100
450

16,396
10,423
50
250

7,602
2,332
9
237

4,697
1,606
24
50

733
425
4,387

17,268, 323

453, 978
436,470
1,343, 407
1, 759, 557
571, 573
258, 323
1, 237,322
450, 569
1,988, 704

196, 377
152, 460
158, 799
322,187
157, 951
86, 098
405,115
122, 561
316, 918

1,750,326
1,142, 733
__ _ _ 11, 251, 492
384,056
.._
561, 263
205,106
616, 337

. __

____

Total Middle Western States

.._

Total Western States
_
_

__ .
__ __ .

_

Total Pacific States

15,911,313

Total United States (exclusive of possessions).
145,173,105
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

232, 917
84,245
399, 243
171, 665
80,017
89,396
62, 873
141,359

10,485, 857
4, 342,056
15, 923, 672
7,907, 625
3, 894, 538
3, 882,213
2, 726, 524
5, 590, 897

37, 485,059

__

.

113,323
36, 983
144,922
106,214
18, 486
39, 808
7,157
59,904

3, 762,101
1,271,775
4,306,431
3,242,274
1,487,179
1,402, 647
727, 580
1,068, 336

_

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

Washington
Oregon
California
Idaho
Utah
Nevada _
Arizona

1,510
2,730
790
181

119
101
6,356
137
239
882
125
2,679

6, 723, 756
3,070,281
11, 617,241
4, 665,351
2, 407,359
2,479, 566
1,998,944
4, 522, 561

8, 499,903

_

Includes capital notes and debentures.




10,942,905

1,146

58,068
1,758
9,290
189,140
146, 775
631
11, 792

166, 631
22,130
21, 595
435, 216
374,187
1,857
17,014

621,176

_ _ _

108, 563
20,372
12,305
246,076
227,412
1,226
5,222

417, 454

1, 038, 630

9,851

1,547

49,301

52, 411

30, 439

12,171

7,118

82,784, 677 228,578,958

88, 202

757,045

3,190, 670

5,007, 583

9,975, 791

3,705, 714

661,364

145, 794,281

(See classification on pp. 194 and 195.)

472
9,279
100

S

o
o

TABLE N O .

and liabilities of all active banks in the United States and possessions, Dec. 81, 1956 {includes national, State
commercial, savings, and private banks)—Continued

40.—

CO

[In thousands of dollars]

to

Loans and discounts
Real estate loans
Location

Secured Secured
by farm- by resiSecured
land (in- dential
by other
cluding properties properimprove(other
ties
ments)
than
farm)

Loans to
Loans brokers
to
and
banks dealers
in securities

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
_.
Connecticut
-

8,074
4,030
17,701
10,726
2,942
9,681

205,209
280,627
140,913
2,801,535
344,418
1,331,598

42,663
59,693
26,974
486,942
51,343
112,317

206
420
25
9,878
500

6,151
2,805
1,368
30,339
640
18,240

Total New
England States.

53,154

5,104,300

779,932

11,029

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..

Other loans
for the
purpose of
purchasing
or carrying stocks,
bonds, and
other
securities

3,046
1,197
3,986
28,814
1,604
12, 540

Loans to
farmers
Other
Commerdirectly loans to cial and
guaran- farmers industrial
teed by (exclud- loans (inthe Com- ing loans cluding
modity
on real
open
Credit
estate)
market
Corporapaper)
tion

Other
loans to
individuals for
personal
expenditures

All other
loans (inLess valcluding Total gross uation
overloans
reserves
drafts)

11,851
3,291
13,762
9,900
2,193
8,296

95,195
54,505
30,342
1,443,236
172,657
326,106

79,654
52,878
44,303
675,250
88,179
310,636

7,353
3,796
2,236
52,174
19,525
33,011

49,293

2,122,041

1,250,900

82,314 12,835,824
15,173
607,421
74, 982 2,663,220
3,349
94,288
15,961
234,153

2,910,809
714,990
1,502,044
94,038
230,981
167,214

459,672
463,242
281,610
5,548,794
684,001
2,162,425

5,070
2,066
3,122
74,612
10,190
24,272

118,095

9,599,744

119,332

9,480,412

764,159
61,933
204,173
6,140
37,554

34,029,096
3,321,723
7,200,202
348,081
1,086,590

601,875
64,718
115,440
3,175
12,243

33,427,221
3,257,005
7,084, 762
344,906
1,074,347

37,976

638, 503

7,109

631,394

46,624,195

804,560

45,819,635

1,278,469
428,367
1,095,464
325,704
1,155, 581
1,366,006
692,706
394,667
980,039
4,346,532
395,786
844,691
1,245,926

14,087
7,336
20,569
4,815
14,501
18,076
14,462
8,506
12,580
66,073
3,914
13,436
21,342

1,264,382
421,031
1,074,895
320,889
1,141,080
1,347,930
678,244
386,161
967,459
4,280,459
391,872
831,255
1,224,584

59,543

51,187

270

52,654 13,054,187 1,819,482 438,043 1,555,127
13,748 1,548,051 238,131
96,823
71,038 2,030,089
80,123
444,533 5,710
97,267
9,839
17,813
22,808
402,854
22,932
14,678
86,619
1,450

515,458
25,453
123,962
2,332
39,395

1,039

18,469

4,652

172,668 17,252,976 2,657,581 445,616 1,783,033

711,252

1,587

191,913 16,675,558

5,620,076 1,111,935

10,405
8,139
27,044
7,363
36,264
35,444
7,707
9,199
5,342
196,122
4,611
14,730
15,200

1,106

45,112
7,134
31,935
11,172
33,027
27,222
31,856
29,456
22,924
234,394
41,074
60,468
47,657

414,851
148,486
357,216
105,846
340,299
413,207
225,984
90,555
189,817
1,023,682
105,149
224,408
382,022

2,457

38,617
11,186
36,575
10,032
39,316
18,760
21,276
24,011
21,871
40,522
21,872
61,290
44,480




120,528

276,295
128,168
104,363
39,069
138,247
147,824
79,436
38,252
120,019
208,641
40,608
130,297
111,825

46,008

75,093
33,790
61,898
21,434
50,956
100,222
32,467
24,742
69,085
168,900
24,913
50,325
52,783

413

5,115
845
7
3,635
628
154
247
3,868
1,430
5
150
456

8,976
414
31,308
4,193
13,890
29,257
3,266
1,515
22,123
35,507
2,451
9,522
6,924

134

2,753
5,608
20,735
13,823
23,713
15,757
148,853
39,717
4,658
20,414

240,652

363,585
81,995
415,891
107,763
447,076
567,135
241,885
143,176
437,972
2,138,227
109,901
258,813
539,385

s
3

270

328
207
13

o

Net loans

39,314
9,055
25,636
13,217
32,136
26,307
34,852
9,801
71,261
150,254
5,485
30,030
24,780

454,602
461,176
278,488
5,474,182
673,811
2,138,153

1

Total Southern
States
Ohio
Indiana . ...

389,808
102,864
61,950
54,799
50, 516
75.322
60,145
69,995
51,848

Illinois
Michigan___
Wisconsin
Minnesota
Iowa
Missouri
Total Middle
Western States- 527,439
8,262
North Dakota
5,349
South Dakota
13,694
Nebraska
26,586
Kansas
3,819
Montana
1,960
Wyoming
7,317
Colorado
3,325
New Mexico
18,331
Oklahoma
Total Western
88,643
States
18,531
Washington17, 574
Oregon
102,003
California
3,304
Idaho
7,889
Utah
1,109
Nevada
4,148
Arizona
Total Pacific
154,558
States
Total United
States (exclusive of posses1,386,270
sions)
225
Alaska
Canal Zone
(Panama)
Guam
The Territory of
2,285
Hawaii
_
5,577
Puerto Rico
American Samoa
Virgin Islands of
137
the United States8,224
Total possessions.
Total United
States and
1,394,494
possessions



377,570
158,145
15, 769
177,385
42,078
13,496
17,652
10,157
41,827

297,137
11,474
22,458
63,459
2,984
294
62,512
88,956
53,856

623,431
93, 793
98,828
241,369
75,364
91,680
168,969
301,221
128,165

5,852,804
1,335,420
384,564
3,326,510
955,070
456,245
507,302
226,890
825.145

4,021,522
1,122,171
370,064
1,132,334
857,843
254,605
335,997
179,593
509, 797

472,128
131,442
32,943
210,951
64,705
83,266
48,837
20,231
78,465

14,549,938
4,660,173
1,590,519
6,422,394
3,300,905
1,604,790
1,836,374
1,198,004
2,334,557

219,697

14,330,241

128,125
18,079
224,824
22,130
18,295
6,268
3,802
27,255

84,388
24,857
128,715
49,043
35,708
22,527
14,592
27,366

4,575,785
1,565,662
6,293,679
3,251,862
1,569,082
1,813,847
1,183,412
2,307,191

476,509
1,225
1,694
4,954
5,100
1,302
810
3,198
2,465
5,652

305,993 1,199.3*°
55,370
47,9ui
19,332
70,909
31,195
172,318
98,144
159,261
20,230
46,070
1,161
27, 721
4,704
99,823
1,439
24,664
27,931
84,023

8,017,146
28,937
36,631
169,237
201, 767
56,137
30,789
251,681
70, 775
409,589

4,762,404
42,665
35,024
85,062
138,932
79,690
20,234
185,240
52,294
207,603

670,840
1,749
3,885
25,856
13,606
2,077
612
16,182
2,901
18,350

22,947,716

1,275

448,778
80
1,522
4,304
5,214
1,625
4
1,803
9,205
5,588

233,709
236,414
573,557
752,389
281,084
118,666
712,554
205, 726
879,385

387,196
4,522
6,272
9,324
6,341
5,798
1,473
9,816
4,555
9,294

22, 560,520
229,187
230,142
564,233
746,048
275,286
117,193
702,738
201,171
870,091

483, 505
423, 694
230, 718
3,800,867
80,521
111, 890
38,889
98,903

2,934
182,953
43
89,297
800
50, 773
559,774 163,951
11,240
27,301
16,524
6,927

29,345
11,539
2,392
72,941
3,013
7,134
1,100
1,229

26,400
5,639
2,059
54,785
833
3,945
920
485

259,506
9,234
292
1,730
6,164
588
614

732,693
51,775
40,185
258,608
41,060
27,240
6,789
57,535

1,255,543
484,083
339,791
3,670,316
52,625
124,886
28,183
138,377

846, 744
288,249
191,392
1, 732, 421
54,536
87,948
42, 719
125,566

85,218
32, 737
12,656
183,340
2,943
6,574
2,923
1,785

3,993,484
1,414,821
888,632
10,600,736
256,239
405,395
139,156
435,569

57,395
19,951
7,720
150,172
4,483
5,416
733
3,241

3,936,089
1,394,870
880,912
10,450,564
251,756
399,979
138,423
432,328

4,785,482

761,836 164,794

99,348

68,666

18,622

483,192

4,838,261

2,522,831

242,958

14,140,548

191, 716

13,948,832

34,550,568 6,315,320 652,460 2,589,393
400
8,860
16,787

1,711,584

766,608
273,457
94,086
196,100
217,668
120,575
81, 756
58,929
123,839

16, 540
1,476
176
6,030

5,361,261 1,166,410
41,844
5,673
53,576
8,492
43,369
22,634
80,109
23,352
59,195
10,939
25,842
9,533
97,057
45,142
23,869
14,789
58,644
42,399

11,547

1,563,044
1,301,806
491,602
788,633
1,012,547
490,959
544, 786
237,640
493,288

53
2,150
590
1,072

934
318
407

169,346

58

883,115 3,279,911 38,761,353 19,024,477 2,701,174 111, 855,625
13,192
13,401
728
53,899
248

2
1,976

8

1,333
1,973

208
3,798

21
3

43,233
142,363
103

25,941
46, 771
91

5,114
5,962
22

218,428
272,956
216

1,576
1,275

216,852
271,681
216

20,695

1,481
203,678

1,261
91,471

122
11,972

6,152

436

6
18,101

7
4,691

6,145
556,282

34,707,258 6,362,569 654,917 2,589,829

1, 732,279

2,498
156,690

647
47,249

36
2,457

2,457

560,973

883,115 3,298,012 38,965,031 19,115,948 2, 713,146 112,416,598

o

p

1,564
7,758

1,564
7,758

3,136
14,703

26,020
11,722

o
o

1,779,896 110,075,729
52,066
1,833

20,047
588

92,616
42,813

g

1,784,587 110,632,011

1
CD
CO

TABLE N O . 40.—Assets and liabilities of all active banks in the United States and possessionSj Dec. 81, 1956 {including national, State
commercial, savings, and private banks)—Continued
[In thousands of dollars]
Capital
Location

Capital
Prenotes
ferred
and
deben- stock
tures

Maine _
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

100
421
800
_

Total New England
States
New York. _
New Jersey
Pennsylvania _
Delaware
Maryland .
District of Columbia

1,321
41,590
7,379

439

Total Eastern States.- 48,969
Virginia
West Virginia
North Carolina
South Carolina _
Georgia »
Florida
Alabama.
___
Mississippi
Louisiana.
Texas
Arkansas. _
Kentucky.. _ _
Tennessee

2,088
3,319
260

50

Total Southern States-




1,080
30
50
423
16
50

50

IndividCommon uals, partstock
nerships,
and corporations

1,849

U.S.
Government

Time deposits

States and
Certified Individpolitical Banks in Banks in
uals, partand
subUnited
foreign cashiers' nerships,
and cordivisions
States
countries checks,
porations
etc.i

19,849
8,512
10, 772
131,286
20, 295
63,004

282,074
178,065
116,854
3,305,702
430,200
1,473,638

10,409
8,942
4,549
105,915
11,933
59, 624

31,732
22,007
12,958
282,429
37, 287
84, 591

* 11,791
12,110
2,203
403,272
11,718
51,719

28,897
1,869
39

570,158
9,990
10,101
558, 526
4,604
299,908
129. 469 5,427, 243
24,495
704, 581
84, 596 2, 501,388

253, 718

5,786, 533

201, 372

471,004

492,813

30,822

263, 255

1,062,990 23,193, 545
134, 549 3,040,278
7, 516,908
357,869
436,314
14, 336
42, 672 1, 301,878
930,323
30, 700

6,106 1, 643,116

200

_ __

Demand deposits

69,184
31, 851
40, 731
24,331
60, 913
101, 515
43,198
21, 739
56.491
296, 249
27,331
49, 508
66,001
889,042

912, 753 1,005,216 3, 829, 894 1,451,287 1,388,047
106,635
91,813
342, 751
477
133,692
228, 938
756,288
366, 236
23, 716 175, 975
20, 232
7,063
29, 834
12,103
45,120
134,192
146, 734
1,153
15, 510
30,116
73,822
176
9,877
44,536

36, 419, 246 1,343, 794
1, 370, 252
621,021
1, 415,378
579, 264
1, 377,861
2,203,948
1,023, 578
621, 557
1,448, 870
6, 415,680
702, 525
1,358,407
1, 359,121
20,497,462

17

45, 966
29, 987
45, 273
23,839
52, 562
50,029
35, 964
15, 968
40, 643
165,155
16,357
36,812
37,173

1, 890,947

595, 728 2, 743, 471 3,863,123

36, 744

Postal
savings

701
455
122
7,998
1,419
2,053

7
15
3
1,630
174
45

10,061,804 12, 748 1,874
23,203,666 43,364
3, 459, 579 5,662
5,772
5,356, 243
920
232, 200
9,621
1,020, 528
288,975 16, 763

1,089
19
1,025

Banks
States
and
in
political United
subStates
divisions
3,073
387
2,527
10,245
1,282
1,917

755

19, 431

Banks
in
foreign
countries

38
32
172

8,750

997

8,750

163, 459 169, 504
523
36,894
85, 471 1,344
9,788
5
18,977

961,314
25
4,000

978,614

13, 275

82,102

2,133

314,589 171,376

874, 578 19, 546
51,029
311,039
158
42,385
471,477
6,486
37,306
119, 572 5,097
12,655
469,183
30, 741
5,520
647,301
38, 792
9,858
370, 935 4,041
17, 415
186, 242 2,196
5,652
428, 733 2,644
40, 488
172,329 1, 201, 394 21,771
178, 778
7,473
659
335, 688 3,388
13,377
703, 542 3,790
21, 429

2,376
333
5,966
12
1,339
3,005
44

2,292
141
2,185
2,185
530
1,324
742

435
1,184
496
20
239

67, 299
2,379
59, 690
1,078
8,059
106,068
1,476
353
8,630
270,888
1,667
25, 563
40,075

623
5,403
195
82
1,378

5,500
5,000

85,154 15, 449

593, 225

17,080

12, 550

4,893,072 1, 486, 510 1, 769,863 33,561,191

159,054
225, 613
402
85,977
53, 267
144,628
298,319
80
94, 555
26,001
213,955
274, 357
119
295,016
324,020
4,538
174,852
93,935
362
136,601
74, 595
477, 833
323,189
8,386
595, 855 1, 497, 484 " 20,448
77, 920
73,192
104, 932
215, 468
102
182, 293
383,683
2,307

U.S.
Government

491,071

6,298,462

2,000

50

Ohio
Indiana
Illinois
Michigan
Wisconsin Minnesota
Iowa
Missouri__

425

365
25
1,500
2,920
1,835

425

473
370

110
279
_ __

Total Middle Western
States

1,239

130

40

Total Western States.,
Washington..
Oregon
California
Idaho
Utah
Nevada
Arizona. __ __

1,238
110

1,348

Total Pacific States.._

5,368
3,567
9,294
4,618
2,488
1,220
1,771
3,527

921
2,283
1,275
56
1,252
289
205
617

165,022
533
209, 088
117, 729
8,288
29, 883
594
62,686

310
1,821
400
264
410
66
10
172

669, 949 16, 624, 746

31, 853

6,898

593, 823

3,453

89

3,937
4,406
8,996
12, 658
6,948
2,338
17,916
8,388
44,055

141,185
140, 705
158, 369
317, 883
157,119
79, 919
378, 223
101,128
303, 246

399
1,043
109
3,371
271
1,300
4,258
2,807
6,518

7
7
34
60
7
23
10
344
112

54, 786
10, 655
287
855
549
4,856
21, 997
18, 282
5,968

1,074

7,035

151, 249
88,140
163, 282
79, 539
74,102
37,153
34, 531
41, 953

2, 830,145

3, 755,109

77, 473

70, 843
56, 528
105,303
384,200
75, 706
45, 516
79, 016
91, 526
202, 927

12,857
12, 906
159, 992
114, 737
31, 753
12,006
121,608
14, 492
237, 533

22

243,809

6,355, 846

204, 717

1, 111, 565

717,884

249

109,642

1, 777, 777

20,076

604

118, 235

1, 425, 212
888,056
9, 290, 345
295,176
393, 348
152,181
504,811

32, 739
16,242
217, 756
5, 709
8,202
3,203
9,322

185,043
175,256
745, 849
71,105
109,161
43, 712
73, 584

76, 683
26,262
453,066
7,256
41,869
2,039
9,642

8,621
1,606
147,068

1,032, 304
661, 802
7,411,375
170, 388
278, 211
99,197
198,608

5,417
229
56, 953
1,202
2,361
1,292
2,413

9
13
240
11
928
27

1,174
38, 746
684, 672
10
1,630
2,191
31, 754

462
896
11,276

5,007

22,028
35, 311
397,408
4,810
8,680
3,971
13,971

603,903

12, 949,129

293,173

1,403, 710

616,817

162,305

486,179

9, 851, 885

69,867

1,228

760,177

12,984

500
7,050

1,774

56, 788
46,435
441, 529
13,138
17,093
7,830
21,090

3,188
12,373
36,300
100

76,406
8,220
5,841
180,818
150,237
314

17, 754
11, 382
4,267
27, 477
15, 465
265

11,112
1,907
27, 250
46,669
584

2,075
105
6,344
6,308

450

3,518

287

1,366

37
2
99

3

425,354

76, 897

88, 888

14,834

1,524
618
40

1,216
115
290
2,663
8,115
23
49

7,550

50
18
5
627

6^0*
235, 264

350
5,000
246, 764

12,471

333,804

50,298 18,298 4, 938, 987 111,489,082 3, 812, 552 10, 539,730

12,197

27

8,537

1, 800
329
669

610
50

1,600
17,080
33, 615
51
5, 551

5

1

14,995

687

66,434

933

601

6, 235

2,732

550

2

52,411

Total possessions

1

3, 589, 980
1, 263, 571
4,079, 324
3,119, 607
1, 474, 741
1, 371,189
725,000
1,001, 334

8,635
1,071
46,407
8,718
950
4,657

50, 298 18, 298 4, 886, 576 111, 063, 728 3, 735, 655 10, 450, 842 14,338,818 1, 794,103 3, 789, 959 78,175, 865 301,800 28,186 2, 399, 480 207,664 1, 254, 228

Alaska
Canal Zone (Panama).
Guam
The Territory of HawaiiPuerto Rico
American Samoa— _ _
Virgin Islands of the
United States

Total United States
and possessions

491,561
403,072
384,683 j
146, 295
615, 996 1, 454,375
398, 767
239,128
147, 591
168,919
213, 773
357,187
246,881
138,496
330, 893
847,637

8,918
8,808
41,043
39,453
9,711
5,101
31,947
18, 255
41,481

186

20
20

202,317
81,651
317,141
198,993
68,233
83,432
52,128
92,976

357, 401
353,822
1,028,036
1, 208,507
447,455
193,362
986, 736
317, 908
1, 462,619

13, 616
12, 308
39,398
48,040
14,088
4,568
41, 752
11. 879
58,160

40

5, 466, 922
2,368,441
9,020,040
3, 740,206
1, 947, 564
1, 783,364
1, 526,908
3, 202,067

29,055, 512 1,096,871

7,488 1, 252, 988

11
5

North Dakota
South Dakota
Nebraska
Kansas
Montana _
Wyoming
Colorado
New Mexico
Oklahoma

Total United States
(exclusive of possessions)

232,442
83, 941
397. 743
168, 745
77, 757
89,396
62,400
140, 564

37, 307
1,758
5,890
170, 518
111, 516
580

600

14, 353, 652 1, 796, 835 3,802, 430 78, 509, 669 316, 795 28,873 2, 465,914 208, 597 1,254,829

Includes dividend checks, letters of credit and travelers' checks sold for cash,and amounts due to reserve agents (transit account).




3
925

CO
O

TABLE N O .

41.—.

and liabilities of active national banks, Dec. 81, 1956

CO
C5

ASSETS
[In thousands of dollars]

Number of
banks

141, 707
120,873
77,398
1, 758, 218
265, 275
467,032

80,792
67,836
51,113
831,063
113,872
351, 527

12,455
16,194
10 001
134,502
48,884
114,062

267

2,830,503

1, 496, 203

336,098

70,678

15,026

289
174
510
8
56
8

5, 236, 987 2,302,495
1,409,274 1,114,831
3, 558.351 2.138.843
13, 290
11, 973
344, 691
353,135
378, 746
305, 615

716,364
351,038
628. 282
2,292
73, 372
24,901

127,117
61, 054
165.839
667
12,162
16,001

30,911
5,876
22,429
98
1,862
1,569

6, 226,892 1, 796, 249

382,840

95,311
26,633
37,071
31,377
78, 617
156,828
115, 779
36,342
115,077
367,427
61,928
40, 617
112,095

6,197,821 1,275,102

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New
States

Balances
Corpowith other
rate
banks,
stocks,
including
including Currency reserve
stocks of and coin balances
Federal
and cash
Reserve
items in
banks
process of
collection

30
50
34
110
5
38

Location

Total

U.S.
ObligaGovern- tions of
Other
ment ob- States
bonds,
ligations, and po- notes and
direct and litical
debenguaransubtures
teed
divisions

Loans and
discounts,
including
overdrafts

England

New York
New Jersey..
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States

1,045 10,941,339

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States...

709, 615
132
495, 265
76
217, 050
260,864
47
289,550
188, 691
212,916
27
176,171
52
645, 610
309,188
863,005
94
778, 703
69
504,301
347, 210
27
105, 622
82,905
41
591,107
660,914
452 3,433, 268 2, 021,333
198, 229
54
163, 733
89
305,118
280,486
73
861,067
502,165
1,233




9,006,265

Real
Bank
estate
premises owned
owned,
other
furniture
than
and
bank
fixtures premises

4,294
2,732
1,926
34,483
7,652
13, 551

148
521
180
448
24
557

125, 576 1, 256,311

64, 638

118, 025 2,315, 767
83,825
573,146
154,061 1.580.859
836
5,598
21,002
238, 234
19,005
203, 696

84,176
42,410
92,620
561
9,608
14,313

62, 745

396, 754 4.917,300

26,505
7,955
13,423
11,169
15,874
22.349
23, 539
2 293
24,395
102, 725
8 666
13,087
15, 571

3,285
1,345
1,481
970
2,555
4,005
2,307
628
2,972
15,460
1 047
1,617
3,544

287, 551

41, 216

8,732
3,769
3 544
38, 757
2,667
13,209

666
569
355
9,976
1,262
2,198

7,747
8,445
3 600
61,087
11,618
33,079

52,863
60,455
30 479
805, 779
67,344
239, 391

Investments
and other
assets indirectly
representing bank
premises
or other
real estate
315
57
348
213

Customers' liability on Other
accept- assets
ances outstanding

664
177
322
12,604
1,701
3,051

O
Total
assets

330

1,878

1,263

32,667

18,519

6,249,360

1,547
638
1,545

3,131
347
3,822

63,539
82
5,828

45
393

287

107

83,910
11,345
24,815
16
4,260
1,475

11,083,969
3,653,866
8,377,294
35,331
1,058,765
965,714

243,688

4,168

7, 587

69, 556 125, 821 25,174,939

39,194
371,377
17, 735
149, 286
167, 447
18,847
16, 643
138, 614
20,078
358, 540
657,423
48,556
29,108
324, 294
7,658
73 593
535,937
27, 663
107,892 2, 704,104
10 617
144, 010
20.065
216,979
38,993
541, 390

21,126
6,867
8,961
5,951
19, 523
33, 216
12, 540
3,786
16,455
132, 560
6,461
7,158
21,329

695
131
141
371
1,567
1,138
564
214
649
7,876
388
203
347

1,171

3,333
976
54
1,550
11 1,284
2,822
158 7,418
108 4,306
845
6,348
3,530
71,301 17,230
1,301
1,479
30
10,272 3,737

1, 767,284
688,842
727,216
595,478
1,454,374
2, 577,073
1,365, 548
314,386
1,985, 547
8, 986,410
596,410
887,021
2,110, 510

403,049

295,933

14,284

52,629

24,056,099

6,382,994

1
4,274
1,492
500
500
5,234
30
182
13,384

85,871

_
O
^5

a
310,383
281,628
179,266
3, 718, 111
521,952
1,238,020

30,981
1,653
33

407

to
^

2
2
g
3
g
O
^
S
r>
hrj
H
3
O
C\
&J
a
feJ
%
O
H

229
123
393
75
95
178
95
76

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States

1,264

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New IVIexico
Oklahoma

13,013
6,622
34,190
14, 704
6,381
8,257
1,883
4,953

5,425,184
2, 750,803
12, 256,873
4, 341, 244
1,910, 666
2,708,828
945,125
2,396,820

17, 765

7,925

90,003

32, 735, 543

3,681

1,957

1,011
1,362
2,443
2,568
1,102
512
3,937
513
4,849

313,100
329,077
1,163,481
1, 244, 745
386,854
267, 622
1,236,325
426, 557
2, 067, 773

63,243
28,468
204,870
26,152
50,808
47, 605
14, 247
27,157

9,379
3,944
21,124
8,563
2,944
4,467
1,406
4,557

99, 722
54,323
117,624
73,291
25,287
26, 257
14,134
24,367

1,123, 724
606,969
2, 652,940
761, 686
426, 727
642,389
214, 858
689,492

52,376
24,979
40, 615
34,241
13,875
17,141
6,065
10, 678

308
399
1,385
1,041
463
972
127
948

3,127
33
2,269
4,818

12, 365, 789 10,152, 634 1,823,090

462, 550

56,384

435,005

7,118, 785

199, 970

5,643

3,429
2,828
7,914
8,722
5,254
1,803
7,203
5,075
16,534

513
400
156
201
93
617
435
339
556

1,696, 340
982,893
3,835, 501
1,475, 404
595, 760
656, 765
282, 584
627,387

249

38
34
123
170
40
25
77
26
197

_ _

Total Pacific States
Total United States
(exclusive of possessions)

14,329
14, 579
85, 504
104, 247
18, 671
10,969
40, 608
12,996
151,072

9,539
6,876
16, 802
26, 696
10,022
3,905
12, 511
1,808
35,805

432
493
1,807
1,840
456
372
1,943
445
3,428

3,876
4,086
11,999
16,045
4,880
4,647
15, 297
7,425
24,651

53, 240
59,930
295,339
311,184
83,490
58,317
303, 683
106, 270
578, 678

2, 575, 573

2, 241,047

452,975

123,964

11, 216

92,906

1, 850,131

58, 762

3,310

5,396

1,957

18,297

7,435, 534

1, 081,840
781,971
7, 716,999
191,913
177,948
98,261
337,882

554,290
506,861
3, 714,974
159, 224
102,304
86, 537
126,829

152,166
156, 744
931, 690
14, 961
18,825
8,532
42,808

30,834
13,396
164, 042
3,105
2,986
6,882
5,029

3,743
2,784
40,830
630
494
327
1,118

31,902
14, 716
155, 298
6,331
5,199
3,697
14,507

498, 797
293, 700
2, 691, 528
72, 527
82, 759
29, 680
125, 717

30, 912
22, 565
145,186
5,958
1,229
3,804
11, 482

1,099
118
2,305
55
2
9
386

480
28,204
21
4,750

360
180
63,800

4,765

68

6,154
9,029
70,183
419
290
1,065
5,681

2,392, 577
1,802,064
15, 725.039
455,144
396, 789
238, 794
676,272

5, 251,019 1,325, 726

226, 274

49,926

231, 650

3, 794, 708

221,136

3,974

38,220

64, 411

92, 821

21, 686,679

236, 513 1, 684,940 25,320, 229 1,084,127

33, 257

83, 615

1,665
3,058

185

348

111 10,386,814

4,650 48,106, 283 31, 565, 616 7,009, 240 1, 553,857

Alaska
The Territory of Hawaii ._
Virgin Islands of the
United States.

7
1

40, 759
97, 665

55,031
53,730

1

3,625
142,049

114,469

5,603
10,377

5,432
2,275

15,980

7,709

5,708

9

Total possessions
Total United States
and possessions

107,124
105, 734
336, 356
388, 793
128,330
102, 344
377,897
149,023
545,446

27
12
49
10
7
3
3

__

119,358
132, 789
404,161
384, 271
134, 556
84,136
472,523
142, 663
701,116

730

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

5,187
1,357
974

87
59
5,507
97
57
846
105
1,167

293,425
131,819
694,151
274, 563
87,897
164,113
76,080
101,042

2,070,440
910, 295
4, 646,697
1, 666,684
700,467
1,134,829
332, 279
904,098

2

4,659 48, 248,332 31,680,085 7,025, 220 1, 561, 566




8

6,744
14,224

22, 394
32,050

1,000
178
288

3

262,387 398,090 117,338,154
10

80

599

1,317
55, 761

4,728

185

348

236, 521 1, 706, 507 25,375, 990 1,088,855

33,442

83,963

11,336

10

1,014

363,828

5

21,567

129
805

8

138, 298
214,194

262,397 399,104 117,701,982

3

o
o

TABLE N O . 41.—Assets and liabilities of active national banks, Dec. 81,

1956—Continued

CO

00

LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

179,009

Time
deposits

99,068
45,945
78,657
455,274
203,823
224,108

—

81,661
2,840,947
269,102
911,013

Total New England States.

4,488,610

1,106,875

7,481,164
2,045,483
5,100,581
18,509
764,955
719,807

2,378,358
1,332,396
2,374,325
12,639

_

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

_
_
—

lessee

Total Southern States




Total
deposits

278,077
252,823
160,318
3,296,221
472,925
1,135,121

Bills payAcceptable, rediscounts, executed
by or for
Other
and other
liabilities account of liabilities
reporting
for borbanks and
rowed
money outstanding
100
310
325

32,524
1,653

5,595,485

735

34,210

2,570
450
3,014

66,702
82
6,520

173,460

9,859,522
3,377,879
7,474,906
31,148
978,924
893,267

16,130,499

6,485,147

1,104,041
462,992
530,620
475,440
1,127,499
1,952,305
1,001,842
233,176
1,584,229
7,091,218
449,666
660,575
1,474,355
18,147,958

3,339
1,366
2,143
57,876
5,902
13,859

Capital
stock1

10,369
6,319
5,295
82,939
12,245
31,327

Surplus

11,643
12,888
179,159
21,290
41,671

and reUndivided tirement
profits
account for
preferred
stock
5,792
6,271
3,743
52,772
7,868
14,621

3

1,063
1,651
1,169
16,295
69
1,388

84,485

148,494

273,249

91,067

21,635

451,728
117,754
482,802
2,450
40,976
33,400

133,547
40,183
111, 323
748
11,350

500

31,321
73,081
42
6,520
8,168

307,108
78,448
213,330
875
16,725
18,900

9,353
7,749
12,318
68
4,163
2,191

22,615,646

6,534

372,571

635,386

1,129,110

517,173
162,784
128,395
74,630
202,918
432,579
248,131
57,563
264,867
1,149,810
97,571
154,077
464,708

1,621,214
625,776
659,015
550,070
1,330,417
2,384,884
1,249,973
290,739
1,849,096
8,241,028
547,237
814,652
1,939,063

3,130
900
300

37,304
16,156
13,745
11,176
29,737
62,160
30,370
6,505
31,738
236,793
14,405
21,465
41,850

65,449
29,144
34,070
20,379
54,681
72,073
47,017
15,184
65,164
278,520
20,556
32,698
73,297

23,287
10,401
9,366
6,294
12,078
20,099
18,569
353
20,520
87,730
9,592
11,489
25,091

3,948
2,813
1,832
1,663
10,190
11,303
4,152
193
580

10,272

12,545
3,652
8,834
5,885
17,271
25,996
13,829
1,412
13,982
46,260
3,282
5,040
17,243

3,955,206

22,103,164

6,130

89,227

175,231

553,404

808,232

254,869

65,842

107

300
1,500

54
11
258
138
4,467
73, 590

35,842

1,3
1,647
3,694

W
O

100
2,680
200
63

87
59
5,763
97
57
846
105
1,167

56,957
21,065
104,449
56,940
10, 667
33,880
3,260
13,663

124,723
49,113
300,201
73,202
32,295
61,846
17,908
48,008

190,711
82,855
398,532
147,132
66,087
87,285
29,198
68, 628

59,796
39,114
109,067
44,171
18,146
35,085
17,594
35,416

4,347
8,527
59,090
5,365
3,803
10,017
4,033
3,891

30,187,535

3,760

8,181

300,881

707,296

1,070,428

358,389

99,073

289,810
304,608
1,074,044
1,151,505
362,035
248,203
1,140,280
401,907
1,894,689

200

5,810
5,698
25,675
23,747
7,433
3,095
26,455
7,500
47,045

8,538
9,794
33,778
37,611
7,973
9,090
38,331
7,405
67,797

4,727
5,265
19,537
23,499
4,145
4,389
18,112
2,482
41,073

826
663
5,299
1,961
269
960
3,124
4,490
4,796

3,582,661
1,886,528
8,550,213
2,684,921
1,237,816
1,856,239
684,629
1,905,036

1,405,649
663,342
2,729, 294
1,329,416
541, 695
620, 950
188,198
320,948

4,988,310
2,549,870
11, 279,507
4,014,337
1,779,511
2,477,189
872,827
2,225,984

22,388,043

7,799, 492

210,218
223,724
964,142
1,001,411
281,487
186,002
876,130
317, 565
1,665,442

79, 592
80,884
109,902
150,094
80, 548
62, 201
264,150
84,342
229, 247

5, 726,121

1,140,960

6,867,081

1,569,448
1,035,746
8,174,033
294,867
274,027
145,480
450,765

634,043
603,465
6,125,809
134,385
98, 265
76,270
169,746

2,203,491
1,639, 211
14,299,842
429,252
372,292
221,750
620,511

Total Pacific States

11,944,366

7,841,983

19,786,349

Total United States (exclusive of possessions)
-

78,825,597

28,329,663 107,155,260

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
_

_

_

.

_
_ -

_

_

Alaska
The Territory of Hawaii
.___
Virgin Islands of the United States
Total possessions
Total United States and possessions
» See classification on pp. 202 and 203.




-_
_

84,935
113,842
3,183
201,960
79,027,557

46,576
83,545
7,482

1,957

3,189
3,049
4,898
6,110
4,499
1,885
9,823
2,773
10,416

1,462

1,957

46,642

152,458

220,317

123,229

22,388

33

360
180
66,141

49, 558
40,865
306, 714
10, 275
7,050
5,400
14, 855

75,324
51,965
453,352
10, 736
8,690
5,500
22,425

37,303
37,677
209,618
2,273
4,661
3,552
7,016

901
97
6,442
30
363
50

68

25,640
32,069
382,897
2,578
3,730
2,542
11,397

33

66,752

460,853

434,717

627,992

302,100

7,883

18,654

273,738

1,440,663

2, 631,755

4,129,328

1,436,093

252,663

10

635
1,182
145

2,153
4,000
200

2,255
7,000
200

1,328
2,440
76

416
2,175
50

250
312
500
200

3

131,511
197,387
10,665

137,603

253
200
264

339,563

28,467,266 107,494,823

10
18,654

1,962

6,353

9,455

3,844

2,641

273,748

1,442,625

2,638,108

4,138,783

1,439,937

255,304

o
o

TABLE N O . 41.—Assets and liabilities of active national banks, Dec. 31, 1966—Continued
[In thousands of dollars]
Loans and discounts
Real estate loans
Secured Secured
by farm by resiland (in- dential
cluding properties
im(other
provethan
ments)
farm)

Location

Maine
New Hampshire
Vermont..Massachusetts
Rhode Island
Connecticut

__.

Total New E n g l a n d
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

2,605
1,283
4,552
2,787
2,487
1,172

28,485
22,454
19,523
140,886
96, 722
104,867

Secured
by other
properties

10,076
5,524
5,741
94,640
22,910
25,086

Other
Loans to
loans for farmers
Commercial and
the pur- directly
Other
guaran- loans to industrial
Loans to pose of
farmers loans (inLoans brokers purchas- teed by
the Com- (exclud- cluding
and
ing or
to
open
banks dealers in carrying modity ing loans
Credit
securimarket
stocks,
on real
ties
paper)
bonds, Corpora- estate)
tion
and other
securities
206
420
25
9,428

1,087
2,055
100
15,621
85
3,573

6,340
2,797
6,024
7,344
2,039
3,768

1,764
1,046
1,436
10,273
254
4,253

52,756
44,298
14,736
1,069,405
97,191
174,409

Other
loans to All other
individ- loans (inuals for cluding
personal
overexpendi- drafts)
tures

35,353
39,547
25,032
418,493
38,173
139,722

Total
gross
loans

valuation re-

Net
loans

143,926
5,065
122,443
3,019
1,409
78,578
32,226 1,801,103
8,470
268,331
20,191
477,041

2,219
1,570
1,180
42.885
3,056
10,009

141,707
120,873
77,398
1,758.218
265,275
467,032

70,380 2,891,422

14,886

412,937

163,977 10,079

22,521

19,026

189

28,312

1,452,795

696,320

60,919

2,830,503

22,873
10,712
53,052
1,440
8,933
264

553,314
507,156
811,529
5,704
61,706
74,658

149,856 45,611
101,128
244,466 2,445
528
29,754
27,892
213"

528,275
34,373
33,540

123

8,361
11,166

42,110
14,963
38,070
3
32,636
4,204

46,482
12,060
61,275
853
6,410
54

2,821,130
325,000
1,599,565
2,976
107,485
160,114

1,006,684
394.593
663,092
1,640
75,864
85,374

141,050 5,357,508 120,521
37,235 1,437,220 27,946
109,272 3,616,632 58,281
159
13,303
13
16,253
347,413 2,722
20, 714
384,653 5,907

5.236,987
1,409,274
3,558,351
13,290
344,691
378,716

97,274

2,014,067

553,624 48,269

615,715

131,986

460

127,134

5,016,270

2,227,247

324,683 11,156,729 215,390 10,941,339

17,930
3,764
4,841
2,498
8,861
5,447
6,101
3,362
5,316
27,868
6,753
14,259
11,539

149,956
63,482
18,401
14,315
35,923
69,269
44,154
9,700
58,071
145,227
15,551
41,105
45,610

42,599
15,998
11,709
14,640
22,823
55,166
21,129
8,171
34,202
127,303
12,788
18,673
32,396

3,193

7,894
2,860
9,794
3,814
23,280
29,665
3,653
772
3.127
179,692
1,297
2,769
12,559

278

150
400

4,633
205
5,110
3,403
10,758
20,432
3,192
397
19,467
34,825
1,917
4,703
6,485

7,970
1,483
4,132
93,188
11,054
1,020
7,805

224,384
24,417
49,432
2,896
122,596
7,340
4,013
9,736
305,565
12,047
206,720
15,852
46,114
5,174
361,257
10,316
152,807 1,866,519
16,399
71,820
26,380
106,293
477,457
19,489

215,120
80,272
107,954
70,613
205,497
266,310
174,161
27,920
110,830
724,317
59,920
86,078
245,963

118,539

710,764

417,597

11,997

115,527

281,176

133,346




2,612
110
154
120
13
,

11

246
2,597
3,573

306,866

4,324,946

2,374,955

717,087 7,472
221,603 4,553
5,961
293,977 4,427
11,894
216,067 3,151
24,590
653,218 7,608
17,689
874,644 11,639
32,734
515,820 11,519
107,779 2,157
4,566
667,697 6,783
57,111
137,718 3,490,829 57,561
200,432 2,203
2,933
310,278 5,160
8,848
877,365 16,298
17,662

709,615
217,050
289,550
212,916
645,610
863,005
504.301
105,622
660,914
3,433,268
198,229
305,118
861,067

351,083

9,006,265

9,146,796 140,531

Ohio -

Indiana

Illinois
Michigan

41,654

_ _ _ 19,132
_

27,165
9,201
10,031
10,447
10,139
7,384

Wisconsin
Minnesota
Iowa
Missouri
Total Middle West135,153
ern States
2,182
North Dakota .
2,213
South Dakota
Nebraska
6,508
10,100
Kansas
1,348
Montana
1,255
Wyoming
4,885
Colorado
1,625
NewMexico
13,156
Oklahoma
43,272
Total Western States
Washington _ _
_ _ _ 14,266
_
15,297
Oregon
66,470
California
2,163
Idaho
2,781
Utah
540
Nevada
3,580
Arizona
Total Pacific States.
- 105,097
Total United States
(exclusive of posses514,221
sions)
70
Alaska _ _
The Territory of Hawaii
2,059
Virgin Islands of the United
137
States.
_
Total possessions
2,266
Total United States
and possessions
516,487




53
2,150
500
610

51,886
17,054
149,199
18,580
16,719
6,157
1,681
17,749

24,731
12,360
107,440
25,558
5,877
15,253
4,879
24, 781

7,767
6,975
28,328
902
208
15,356
15,824
8,776

40,972
25,213
123,242
13,181
15,450
51,926
56,668
38,114

716,136
289,442
2,683,789
639,972
269,960
453,142
90,656
391,026

573,157
208,354
823,390
413,479
110,811
248,259
58,849
204,472

9,936

279,025

220,879

84,136

364, 766

5,534,123

2,640, 771

80
1,522
3,945
3,936
1,500

1,275

1,666
8,848
4,569

1,079
1,537
4,412
3,189
415
615
1,577
2,079
4,731

15,258
5,858
13,153
40,285
4,852
787
3,103
1,209
16,130

17,036
28, 526
96,218
61,540
17,823
16,723
68,024
15,748
50, 794

22,607
28,968
150,534
140,894
29,587
25,507
184,347
51,958
376,307

30,842
24,682
65,303
75,905
48,022
15,455
102,675
35,377
142,689

1,463
3,299
22,989
9,606
1,194
510
12,757
2,558
17,492

122,058
137,429
410,641
387,738
137,356
85,296
478,548
145,855
708,665

2,700
4,640
6,480
3,467
2,800
1,160
6,025
3,192
7,549

119,358
132,789
404,161
384,271
134,556
84,136
472,523
142,663
701,116

2,338

26,066

19,634

100,635

372,432

1,010,709

540,950

71,868

2,613,586

38,013

2,575,573

235,655
188,345
2,799, 542
73,154
44,658
31,357
77,406

47,277
42,632
800
335,190 163,804
8,706
8,144
9,510
3,598

11,382
2,392
42,372
3,003
6,923
1,100
1,229

4,893
1,246
30,856
363
2,034
919
485

6,035
198
206
4,048
215
309

43,610
35,128
205,802
24,235
10,082
3,177
53,094

445,328
318,611
2, 782,096
39,364
67,667
18,812
102,991

260,359
172,882
1,272,876
37,770
35,653
31,109
95,906

31,486
11,163
128,428
2,572
2,220
2,133
1,278

1,100,291 18,451
788,694
6,723
7,827,642 110,643
195,378
3,465
180,377
2,429
98,657
396
339,876
1,994

1,081,840
781,971
7,716,999
191,913
177,948
98,261
337,882

3,450,117

455,057 164,604

68,401

40,796

11,011

375,128

3,774,869

1,906,555

179,280 10,530,915 144,101 10,386,814

9,226,770 2,250,970 247,223 1,127,255

713,497

400
36

38
9,039

36
3,136
6

795

454

50

3,625

436

9,077

3,178

33,271

19,683

4,875

144,504

9,285,283 2,264,175 247,223 1,127,691

722,574

471,124
266,483
497,236
433,391
195,059
259,605
68,743
148,043

111,726
52,948
132,634
103,410
37,061
43,182
17,704
35,569

2,339,684

534,234

27,560
35,633
28, 760
31,942
27,995
17,833
66, 769
16,373
46,336

3,951
5,191
17,905
10,192
4,620
6,611
32,745
10,080
35,186

299,201

126,481

12,716
44,077

6,430
6,312

1,720

13,205

914
149

463

58,513

1,276
175
5,172

68,422
26,400
170,032
38,246
58,148
44,373
12,373
37,221

2,108,851 38,411
924,536 14,241
4,747,627 100,930
1,695, 920 29,236
719,377 18,910
1,149,850 15,021
5,737
338,016
913,745
9,647

2,070,44C
910,295
4,646,697
1,666,684
700,467
1,134,829
332,279
904,098

455,215 12,597,922 232,133 12,365,789

329, 777 1,574,638 21,113,712 10,386,798 1,452,509 48,937,370 831,087 48,106,283
10,982
21,494

11,271
7,958

457
4,368

42,400
98,479

1,641
814

40,759
97,665

2,455

142,049

3,625

329,777 1,577,816 21,146,983 10,406,481 1,457,384 49,081,874 833,542 48,248,332

8

TABLE NO. 41.—Assets and liabilities of active national banks, Dec. 81, 1956—Continued
[In thousands of dollars]
Capital

Location

Preferred
stock

Maine
.
New Hampshire
Vermont
_
Massachusetts
Rhode Island
OnriTiftotiont
Total New England States

1,033

Virginia
West Virginia
North Carolina _ _ _ _ _
South Carolina
Georgia
__ _
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky _ _
Tennessee
__ _. ._._ _.. .




200

—

150,058
158,934
68,801
2,150,121
221,507
769,555

Banks
States
Banks Certified IndividStates
uals, part- U . S . Postal and polit- Banks in forU.S.
and
and polit- Banks in in foreign
in
eign
Govern- ical sub- United
cashiers' nerships, Govern- savings ical subment
divisions United councoun- checks,
and corment
divisions States
States tries
tries
porations
etc.i
5,723
8,401
2,123
71,825
6,139
27,376

12,967
18,709
6,198
187,594
21,051
36,282

6,657
11,224
1,739
336,068
5,695
27,350

17
26.962
1,171
25

3,587
9,610
2,800
68,377
13,539
50,425

391
155
514
6,579
207
485

98,068
45,320
78,066
431,298
203,277
221,560

602
455
74
6,953
315
2,048

7
15
3
1,552
24
5

10,447

1,606

8,331

152

8,750

2,767
279
986

231,724

733

61,766
14, 922
50, 547
75
7,236

235,424

142

200

3,518,976

121,587

282,801

388,733

28,175

148,338

1,077,589

306,864
77,709
213,280
875
16,725
18,900

5,558,182
1,648, 713
4,163,882
17, 458
564,272
597,808

255,351
63,069
140,088
421
27,638
25,115

337,002
206,575
226,703
175
78,977
147

676,362 296,784
55,727
87
442,728 16,003
276
5,860

357,483
71,312
111, 177
455
6,780
29,793

2,061,606 20,495
1,311,914
5,281
2,314,196
4,163
12, 564
200, 929 5,804
163,213 9,222

1,025

634,353

12,550,315

511,682

849,579 1,322,913 319,010

577,000

6,064,422

44,965

1,758

134,546

4,032

37,304
16,156
13, 745
11,176
29,737
61,960
30,370
6,505
31, 738
236,793
14,405
21, 465
41, 850

789,676
331, 962
432,253
368, 651
747, 475
1,415,584
753, 748
162, 970
980, 235
4,923,785
338, 756
549, 533
935,130

30,330
18,495
14,469
15, 708
29,262
29,338
24, 889
5,512
31, 991
141,741
9,805
16,102
25, 724

89,308
155,131
226
48,502
38,654
34,691
36, 931
25
64,230
15, 790
107,921 220,326
36
202,267
276,000
3,320
116,307
90,885
362
33,526
29, 760
269,823 262, 558 8,386
431,301 1, 427,040 19, 971
36,949
60,276
33,477
56, 246
120,714 372,653 2,307

39,370
25,379
12,251
11,061
22,479
25, 796
15,651
1,408
31, 236
147,380
3,880
5,217
17,827

466, 880 15,683
161,069
114
105,539
2,821
69,535
4,405
195,196
3,089
370,589
9,025
243,598 3,555
55,377
2,171
256,078
183
899,122 21, 672
95, 570
635
141,625
398
436, 246 3,770

121
186
7
844
66
10

1,808
67
530
275
4
325
586

51
1,166
24
15
176

32,681
1,348
19,505
408
3,785
50,574
382
15
3,055
217,452
1,187
11,989
23,761

5,398
155
50
705

553,204

12,729,758

2,666

366,142

9,903

87,012
61,084

393,366 1,589,016 3,042,250

34,633

358,935

3,496,424

67,521

8,750

10

148,494
244
739
50

Total Eastern States

Total Southern States

IndividCommon uals, partstock
nerships,
and corporation
10,369
6,319
5,295
82,939
12,245
31,327

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

Time deposits

Demand deposits

3,700

2,000
5,500
5,000
50
12,550

Ohio
Indiana
Illinois .
Michigan
Wisconsin

Minnfisota

„,

.>-

1

4,066
3,514
9,178
2,440
2,461
1,153
1,746
2,760

190
2,111
1,235
35
1,061
68
53
538

72,939
533
133,497
67,354
2,396
11,491
216
17,906

89
85
400
210
338
61

4,704

1,327,865
657,099
2, 577, 934
1,259,377
535,439
608,177
186,183
299,624

65,338

416,213

7, 451,698

27,318

5,291

306, 332

1,303

17

77,646
75,168
109,668
146, 511
80,150
56, 945
251,036
71, 305
217,017

377
1,032
109
3,350
216
1,280
3,005
679
5,609

6

89

2,326
2,382
6,604
7,024
3,313
1, 579
13,290
6,116
38,758

18
10
11
97

1,563
4,684
96
186
177
3,958
9,818
12,347
5,550

244

81,392

1,085,446

15,657

210

38,379

1,268

167, 514
160, 564
627,157
56,474
46,499
28,159
46,778

6,033
71,329
25,175
1,530
249,287 125,243
4,249
14,932
1,650
9,022
4,942

19,664
33,040
306,686
3,294
4,474
2,363
10,071

620, 608
571, 924
5,346, 966
133,162
94,997
73,089
145,043

5,397
229
53,904
1,202
2,350
1,275
2,413

9
13
222
11
918

1,139
31,249
495,528
10

390
50
3,725

225,464

27

1,906
17,263

220, 570 1,133,145

375,644 137,748

379,592

6, 985, 789

66, 770

1,200

547,095

4,165

236,964

12.731 1,400,825

4,734
1,071
42, 759
6,463
950
4,657

676, 987 1, 523,193 2, 958,480

704,721

16,747,832
181,085
176,143
698,785
666, 947
221,169
135,612
698,593
214,709
1,199,823

5,897
5,276
30, 929
24,391
4,604
3,704
24, 552
13,806
36,080

10, 970
29, 241
70,670
201,167
36, 009
34,035
44,486
68, 731
158,501

9,923
10, 682
157,117
101,880
16,392
11,072
95,110
14,203
232,191

4,192,866

149, 239

653,810

648,570

49,558
40,865
306,714
10,275
7.050
5,400
14, 855

1,276,439
801, 918
6, 704,626
226,569
204,051
110,808
373,256

28,469
13,519
161,034
4,281
4,071
2,500
6,696

434,717

2,575

2,809,767
1,412, 989
6, 451, 268
2,130,694
948, 918
1,267, 577
467, 686
1,258, 933

152,458

_

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
NevadaArizona
_
_
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 ..

94,205
71,137
116,656
35,045
47,356
25, 550
9,213
17,051

267, 601
303,149
138,337
212,842
457,258 1,272,855
197,938
166,270
137, 858
65, 656
354,236
135, 958
119,367
69,491
112, 569
470, 288

124,723
49,088
298,701
72,202
32,245
61,846
17, 908
48,008

5,810
5,698
25,675
23,747
7,433
3,095
26, 455
7,500
47,045

25
1,500
1,000
50

9,697,667

3,808 2,627,947

103, 205
50,152
209,417
148,511
37,078
68, 261
18, 872
41, 491

37
2
99

59,437, 414 2,073,431 6,031,544 8,736,590 585,148 1,961,470

2,153
4,000
200

60,659
81,693
2,582

14,639
14, 217
203

7,020
12,245
361

1,487
3,296
2

910

6,353

144,934

29, 059

19, 626

4,785

910

3,808 2,634,300

26,161,368 232, 678

1,130
1,481
35

28, 746
75, 980
4,482
109,208

26,270,576 245,029

7,550

8
5
281
974

6,500

5,000

20,823

501, 238

5

600
1

15,418

5

601

12,751 1,416,243

20,828

501,839

12,351

59,582,348 2,102,490 6,051,170 8,741,375 586,058 1,964,116

120

5,638
6,786
2,994

12,182
169

2,646

29
39

500
7,050

10
10
20

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve banks (transit account).




fcO

TABLE NO. 42.—Assets and liabilities of all active banks other than national, Dec. 31, 1956 {includes State commercial, mutual savings, and
private banks)
ASSETS
[In thousands of dollars]

Loans and
Num- discounts,
ber of including
banks
overdrafts

Location

Maine
NV»w TTamp«?hirO
Vermont
Massachusetts
Rhode Island
Connecticut....
Total New
States

Real
Bank
estate
premises owned
owned,
other
furniture
than
and
bank
fixtures premises

Investments
and other
assets indirectly
representing bank
premises
or other
real estate

1,069
82
10

1,823

1,161

39,652

13,135,716

2,756
570
4,466
558
146

2,955
243
6,870
1,109
73
1,150

445, 715
146
3,845
18
425

392,162
17,839
30. 679
2,396
39,118
2,339

52,361,689
4,186,097
7,844,007
803,479
1,883.464
570,195

485.085

26,751
10 467
12,932
153,320
27,947
143,218

57,123
21,185
4,269
320,234
59, 697
230,484

22,959
34 209
2,591
235,298
23,454
100, 537

12,539
3 224
4,090
60,862
12,446
43,143

54,225
17,582
21,647
450,027
70, 726
252,612

5,843
5,237
2,624
48,388
6.326
28,666

697
467
159
2,330
60
732

548

6, 649,909

3,851,844

374,635

692,992

419,048

136,304

866,819

97,084

4,445

365,361
27,512
51, 971
10, 532
4.534
1,049

314, 712 8,322,156
475, 546
75, 696
125, 960 1,195,055
114,335
12,402
239,902
39, 243
12,024
120, 768

333,316
44,388
75,904
6,633
16, 577
8,267

870 34,878, 296 14, 543, 052 2,687,321 2,590,841

460,959

580,037 10,467,762

180
106
167
121
346
167
168
169
139
493
182
276
224

554, 767
203,981
785,345
107.973
495,470
484, 925
173,943
280,539
306, 545
847,191
193,643
526,137
363,517

2,738

5,323,976

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida ._
Alabama. _ __ __
Mississippi
Louisiana
Texas
A rkansas
Kentucky
TpnnftRRP.fi




275
750
250

8,496

12,400

68,661
32,750
188,927
33,805
46,505
81,433
42.707
116,670
111, 290
140,060
48,392
34,370
61,695

18,500
4,938
48.480
15, 780
15, 262
7,192
11,641
7,694
5,156
52, 345
9,915
19, 239
11,888

1,488
1,355
2,275
366
1,293
826
280
510
591
3,338
258
1,190
808

33, 766
15, 717
57,096
13,171
32, 798
39,007
14,870
23.101
29,393
56,148
12, 780
28, 677
24,590

234,940
105, 540
444,685
65, 621
268,416
251, 793
95. 540
163,308
235.655
569.971
128. 757
340,152
177,848

16,441
4,778
17,766
2,971
13, 587
19,620
4,403
7,910
8,963
30,636
3,978
7,612
11, 089

249
65
320
89
818
496
110
332
507
3,570
135
236
453

3,141
912
308
4
87
364
222
4
1,481
225
2
52
165

5
340
17
233
125

4,145,942 1,007,265

228,030

14, 578

381,114

3,082,226

149,754

7,380

6,967

377,119
218,073
470,984
107, 589
345, 772
511, 509
174,030
214, 263
305.107
601,112
160,386
437, 641
222,357

Total
assets

720,909
613,032
312,491
7,189,528
830,723
3,469,033

226,437
179,995
62,330
2,182,814
219,812
980,456

323 28,190, 234 10, 581,439 1,843.050 1, 567,833
125 1, 847, 731 1,151, 239 326. 739 218,448
289 3, 526,411 1, 781.187 418,964
622,695
22
331, 616
221, 529
74,909
27,442
102
729, 656
653, 740
95, 793
64,257
9
252,648
153,918
6,869
11,163

Total Eastern States

Customers' liability on Other
accept- assets
ances outstanding

892
363
484
18,472
1,387
18,054

312,895
340,303
201,090
3,715.964
408,536
1,671,121

545

England

Southern
___

Balances
with other
Corpobanks,
rate
including
stocks,
including Currency reserve
stocks of and coin balances
and cash
Federal
items in
Reserve
process of
banks
collection

60
58
34
252
13
128

._

New York
New Jersey
Pennsylvania
Delaware
__ _
Maryland
District of Columbia

Total
States

ObligaU.S.
Govern- tions of
Other
ment ob- States
bonds,
ligations, and po- notes and
direct and litical
debensubguarantures
divisions
teed

450,149 484, 533 67,648,931

14
94

2,607
1,279
10, 678
632
3,027
4,131
683
1,308
1,766
2,571
336
1,623
1,184

1,311,679
589,393
2,026,928
348,001
1,223,040
1,401, 636
518,446
815,872
1,006, 579
2,307.167
558, 582
1,396,943
875,688

897

31,825

14,379,954

5
64

o

Ohio
Indiana
Illinois
Michigan
rf^ Wisconsin. _
S« Minnesota
co Iowa
g Missouri
,„

-i

_-

__

391
351
535
333
460
505
571
534

2, 505,345
655,367
1,646,982
1, 585,178
868,615
679, 018
851,133
1,403,093

356, 733
86,183
385,172
366,155
142.080
95.098
151,028
212,135

94,542
19,603
124,474
28,128
30,397
75, 624
17,476
70.053

13,033
1,146
14,930
5,090
1,247
214
1,067
16, 614

111, 077
44, 789
61, 252
86, 631
43, 942
22, 997
34,684
52,836

1,012, 049
305,825
931,113
591,863
342,184
169, 907
305, 551
823,368

39. 684
11, 751
23, 773
43,085
16,043
9,984
9,607
22,901

129
294
1,293
440
509
640
119
302

10,940
826
7,421
313
1,981
90
1,435
924

14
42
581
40
182
36
20
1,449

20,022
2,536
16,047
9,160
4,686
2.212
1,267
9,243

5,958, 281
1,938,859
5, 026,104
4, 221,883
2, 285, 582
1, 528,182
2,028,897
3, 692, 496

8,965, 242 1, 794, 584

460, 297

53,341

458, 208

4,481,860

176,828

3,726

23, 930

2,364

65,173

26, 680, 284

19, 264
4,191
5,043
3,782
11,816
898
1,796
1,264
4,250

51
130
271
389
334
88
427
43
152

4,300
4,320
6,808
15,590
5,417
1,742
8,984
5,088
9,738

45,829
50,439
87, 692
196,472
71,106
23,241
111, 328
41,062
92,451

1,230
1,321
1,882
5,300
1,867
826
3,833
2,399
2,539

4
29
50
331
330
92
176
20
57

167
5
6
42
165
1
74
42
72

279
208
559
596
699
31
2,798
280
845

396, 030
310,941
477, 280
1,016, 512
391,023
105,120
550, 577
183,065
449,229

1,794,713
810, 497
1,813.066
1, 505,800
833, 716
472.362
655, 510
1,079, 578

Total Middle Western

States—.

3,680 10,194, 731

North Dakota
South Dakota
M
•^ Nebraska

Kansas
Montana

Wyoming. __ _
Colorado
New Mexico
Oklahoma._ __

_

_

Total Western States

116
137
298
428
74
28
93
26
189

109,829
97,353
160,072
361, 777
140, 730
33,057
230, 215
58, 508
168,975

175,019
138, 287
193, 743
310,875
134,857
40, 279
169, 620
67,831
132,931

40,058
14, 658
21,154
121,358
23,702
4,865
21,326
6,528
37, 219

1,389

1,360, 516

1,363,442

290,868

52,304

1,885

61,987

719, 620

21,197

1,089

574

6,295

3,879,777

70
40
90
23
41
3
7

313,030
98,941
2, 733, 565
59,843
222,031
40,162
94,446

194,685
71, 751
1, 522, 571
39,926
140, 952
31,374
84,493

26,157
15, 570
316,114
7,751
24, 979
2,155
13,616

35, 707
316
70, 975
575
2,707
313
7,789

675
79
6,492
93
572
76
156

7,762
4,628
59,965
2,712
6,747
2,606
6,465

65, 257
28, 067
1,022, 670
25,186
109, 582
14, 315
42, 652

4,726
2,745
62,472
1,078
3,302
1,654
4,447

20
87
494
4
93
2
670

104
2,147
4
1,684

6,728
32

1,124
442
24, 664
321
886
226
1,538

649, 247
222, 626
5,828,857
137, 525
513, 535
92,883
256,370

274

3, 562,018

2,085, 752

406,342

118,382

8,143

90, 885

1,307, 729

80, 424

1,370

4,037

6,760

29,201

7, 701, 043

957,954 1, 708, 535 20,926, 016 1, 010,372

26,506

49,731

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 possessions
Total United States and
possessions _
1

9,496 61,969,446 34,955, 274 6, 561,015 4,142, 846
11

0)
(2)

9
10
1

11,307
1,564
7,758
119,187
271,681
216

2,472

15,305
1,135

1,468

71,208
67,093
1,482

12,988
36,006

4,041
11,990

50,462

18, 509

2

2,520
414, 233

159,922

1, 445
1,000

9,529 62,383,679 35,115,196 6,611,477 4,161, 355

1,595
2,160
1,211
9,964
24, 094
104

5,559
1,917
33
40, 349
31, 771
232

461, 331 656, 679 133,425, 705

68
6
286
392

2

314
1,223

1,537

68
15,317
12,644
1,003
28, 783
25

38,300
22,132
21,870
266,854
479,417
2,061

52

306

390

33

80, 251

12,151

752

2

960,449 1, 747, 969 21,006, 267 1, 022, 523

27, 258

49, 733

2,495

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.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




408
39
218
6,067
5,384
2

39,434

6

3,699

33

50

98

7,006

57,892

837,640

462,868 714, 571 134,263,345

8
Crc

TABLE NO. 42.—Assets and liabilities of all active banks other than national, Dec. 81, 1956 {includes State commercial, mutual savings, and
private banks)—Continued
LIABILITIES
[In thousands of dollars]

Location

Maine
New Hampshire..
Vermont
M assachusetts
Rhode Island
ConnecticutTotal New England States.
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of ColumbiaTotal Eastern StatesVirginia
West Virginia. __
North CarolinaSouth Carolina. _
Florid
Alabama
MississippiLouisiana-..
Texas
_.
Arkansas
Kentucky. _.
Tennessee...
Total Southern States




Demand
deposits

Time
deposits

Total
deposits

Bills payAcceptable, reances
discounts, executed
and other by or for
Other
liabilities account of liabilities
reporting
for borbanks and
rowed
money outstanding

Capital
stock i

Surplus

Eeserves
and retirement
Undivided account for
preferred
profits
stock and
capital
notes and
debentures

167,004
24,347
59,507
1,414,737
248,400
843,194

474,909
513,438
223,935
5,000,764
503,633
2,282,050

641,913
537,785
283,442
6,415,501
752,033
3,125,244

2,642

10

2,757,189

8,998,729

11,755,918

4,297

1,161

125,541

106,545

687,318

414,929

40,007

24,299,578 22,162,949 46,462,527
1,670,163 2,170,287 3,840,450
3,967,480 3,079,594 7,047,074
230,269
717,306
487,037
835,181 1,714,813
879,632
515,621
146,578
369,043

15,622
300
20,015

465,652
146
4,003
18
425

941,243
40,212
84,777
8,096
17,540
7,695

799,560
66,799
144,799
13,461
26,386
11,800

2,702,710
183,096
429,522
54,142
71,708
24,400

826,510
37,228
98,400
48,073
7,313

147,865
17,866
15,417
487
4,519
3,254

31,672,933 28,624,858 60,297,791

36,049

470,244

1,099,563

1,062,805

3,465,578

1,027,493

189,408

32,960
15,745
27,016
13,205
31,176
39,555
12,828
15,657
24,769
59,456
12,926
28,093
24,151

45,710
28,327
94,861
12,978
39,529
35,618
16,951
41,880
25, 733
16,516
54,874
25,166

17,353
13,163
20,214
5,485
24,168
12,905
11,752
1,447
10,812
34,730
13,890
22,394
16,934

2,146
3,090

5
346
17
233
125

15,017
4,158
48,594
1,350
13,750
9,781
2,535
3,176
5,711
12,851
1,079
10,012

795
10,435
2,266
792
848
2,551
9,279
2,146
2,216
2,560

137,980

337,537

497,041

205,247

46,820

300
15
652

112

1,197,193
520,911
1,827,773
314,188
1,103,809
1,301,015
473,371
752,425

1,300
3,994
710

2,131,563
512,025
1,279,187
796,017

390

511,651

448,918
151,266
417,409
53,314
281,713
336,977
129,107
131,228
181,698
355,830
84,224
210,664
284,366

50
800

117
94

10,079,641

3,066,714

13,146,355

7,968

1,006

748,275
L, 410,364
260,874
822,096
964,038
344,264
621,197
755,180
,775,733
427,801

168
150
200
206

5,755
7,316
1,504
72,334
9,071
29,561

9,580
2,193
5,898
49,147
8,050
31,677

34,409
36,113
8,890
382,694
53,166
172,046

27,036
25,297
7,766
252,296
7,890
94,644

1,916
3,640
4,976
15,835
431
13,209

7,696

3
3
§

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

_

_

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive of possessions)
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States
Total possessions
Total United States and possessions
1

1,410
50
590
118

32
42
593
40
182
36
20
1,512

56,366
15,918
40,473
49,274
7,819
5,928
3,897
46,241

108,194
35,132
99,042
98,463
47, 722
27,550
44,965
93,351

232, 781
54,623
117,672
112,430
69,961
52,624
64,438
102,156

59,017
37,731
69,573
55,545
39,102
26,738
54,100
76,087

3,864
3,002
50,463
12,843
4,359
10,232
7,190
8,118

6,996

2,457

225,916

554,419

806,685

417,893

100,071

§

7,806
6,650
13,743
24,313
6,655
1,603
15,297
4,390
11,120

10,779
8,002
16,869
33,229
8,500
3,715
14, 736
4,012
11,736

10,629
9,756
13,005
25,030
5,596
2,830
8,026
1,365
11,926

5,417
1,673
1,897
1,147
562
427
1,727
1,202
695

5
a
3

421

854
488
2,019
2,334
2,121
327
7,688
873
2,398

3,551,288

3,322

19,102

91,577

111,578

88,163

14,747

592,701
205,208
5,351,430
126,415
472,451
86,036
233,628

200
865

6,860
32

5,879
1,762
71,682
1,469
6,113
1,431
4,268

7,230
5,570
136,053
2,863
10,153
2,430
6,235

30,678
6,212
178,446
4,912
16,690
1,885
9,001

8,789
2,713
79,653
1,515
7,606
1,101
2,348

3,770
296
4,733
319
522

O
g
3
£
£

890

£

7,067,869

1,065

6,892

92,604

170,534

247,824

103,725

10,530

g

54,037,560 120,385,068

59,697

481,760

1,700,706

2,323,417

5,816,024

2,257,450

401,583

O

1,035

1,065

663

325

-

314
1,223

92
2
275
2,786
44,067
21
96

8,373
36,300
100
250

9,396
10,423
50
50

5,162
2,332
9
161

3,141,095
1,183, 753
3,067,028
1,980,430
1,169,543
623,327
1,314,315
2,617,525

2,356,452
608,433
1,577,137
1,912,858
945,484
781,697
539,382
747,388

5,497,547
1, 792,186
4,644,165
3,893,288
2,115,027
1,405,024
1,853,697
3,364,913

480
225
4,123

15,097,016

9,468,831

24,565,847

243,760
212,746
379,265
758,146
290,086
72,321
361,192
133,004
323,262

116,785
71,576
48,897
172,093
77,403
23,897
140,965
38,219
87,671

360,545
284,322
428,162
930,239
367,489
96,218
502,157
171,223
410,933

2,773,782

777,506

180,878
106,987
3,077,459
89,189
287,236
59,626
165,572

411,823
98,221
2,273,971
37,226
185,215
26,410
68,056

3,966,947

3,100,922

66,347,508
23,628
20,372
12,305
132,234
227,412
1,226
2,039
419,216
66,766,724

50
1,585
220
100
946

11,492
1,758
9,290
105,595
146,775
631
4,310

35,120
22,130
21,595
237,829
374,187
1,857
6,349

279,851

699,067

9,851

1,537

47,339

46,058

20,984

54,317,411 121,084,135

69,548

483,297

1,748,045

2,369,475

5,837,008

472
9,279
100

o
h£
h9
B

w

2,522 fe*
1,606

24

g

8,327

4,477

g

2,265,777

406,060

^

Q

Includes capital notes, and debentures. (See classification on pp. 210 and 211.)




to

5

and liabilities of all active banks other than national, Dec. 31, 1956 {includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]

TABLE NO. 42.—.

Loans and discounts
Real estate loans
Location

Secured Secured
by farm by resiLoans
dential
Secured
land
to
(includ- properties by other banks
propering im- (other
than
ties
provefarm)
ments)

Maine
New Hampshire.
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England
States
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia..

29,781 12,500, 873
3,036 1,040,895
17,986 1,218, 560
8,399
91, 563
13, 999
341,148
2,193
45, 870

Total Eastern States
Virginia
West Virginia..
North Carolina.
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
__..
Arkansas
_.
Kentucky
Tennessee

20,687
7,422
31, 734
7,534
30, 455
13,313
15,175
20,649
16,555
12,654
15,119
47,031
32,941

Total Southern States

1,226,731

32,587
54,169
21,233
392,302
28, 433
87,231

4,691,363

5,469
2,747
13,149
7,939
455
8,509

176,724
258,173
121,390

615, 955

2,660, 649
247,696

450
500

Other
loans for
the purLoans to pose of
brokers purchasing or
and
dealers carrying
in secur- stocks,
bonds,
ities
and other
securities
5,064
750
1,268
14,718
555
14,667

Loans to
Commerfarmers
Other
cial and
directly
guranteed loans to industrial
farmers loans (inby the
cluding
Commod- (excludity Credit ing loans
openCorpora- on real
market
tion
paper)
estate)

1,282
151
2,550
18,541
1,350
8,287

81

81

950

37,022

32,161

392,432

1,026,852
62, 450
46, 583
17,813
6,317
7,303

473,348
10,490
85,892
2,329
6,759
448

75,394 15,238, 909 2,103, 957 397,347 1,167,318

579,266

1,127
828

56

26,198
790
3,132
8,825
74
1,118
2,656
682
534
4,819
439

2,511
5,279
17,250
3,549
12, 984
5,779
4,054
8,427
2,215
16,430
3,314
11, 961
2,641

4,543

53,819

96,394

271,269




137,003
200,067
22,280
56,865
18,116

126,339
64,686
85, 962
24, 754
102,324
78, 555
35,282
28,552
61, 948
63,414
25,057
89,192
66,215

32,494
17, 792
50,189
6,794
28,133
45,056
11,338
16,571
34,883
41,597
12,125
31,652
20,387

852,280

349,011

3,265
1,450
200

1,922
820
7
1,023
518
127

4,343
209

916
2
207
2

5,511
494
7,738
2,556
154
4, 528

42.439
10,207
15,606
373, 831
75, 466
151, 697

20,981

All other
loans
(including overdrafts)

44,301
13,331
19,271
256, 757
50,006
170, 914

Total
gross
loans

valuation
reserves

Net
loans

2,288
777
827
19,948
11,055
12,820

315,746
340, 799
203,032
3, 747,691
415,670
1,685,384

2,851
496
1,942
31,727
7,134
14,263

312,895
340,303
201,090
3, 715,964
408,536
1,671,121

47, 715

6, 708,322

58,413

6,649,909

669, 246

554,580

35,832 10,014,694
3,113
282,421
13,707 1,063,655
2,496
91, 312
9,551
126,668
80

1, 904,125
320,397
838,952
92,398
155,117
81,840

623,109 28,671, 588 481,354 28,190,234
24,698 1,884, 503 36, 772 1,847, 731
94,901 3,583,570 57,159 3, 526,411
5,981
3.162
334, 778
331,616
21,301
9,521
739,177
729,656
17,262
1,202
253. 850
252,648

64, 779 11, 659, 288

3,392,829

787,252 35, 467, 466 589,170 34,878,296

5,853
22,230
11,625
55,665
28,663
3,638
12,609

20,695
4,238
24,595
7,159
23,291
15,175
16,004
24,282
12,608
81,587
24,675
34,088
28,168

139,201
32, 563
293,295
19, 483
141, 511
168,626
35,165
97,062
76, 715
271,708
38,081
152, 520
61,928

163,791

316,565

1,527,858

2,507
3,011
17,162

Other
loans to
individuals for
personal
expenditures

199,731
68,214
249, 262
35, 233
134,802
146, 897
51, 823
62,635
78, 987
299, 365
45, 229
138,330
136,059
1,646,567

12,631
6,361
19,675
1,323
7,546
8,618
2,118
5,235
14,150
12,536
2,552
21.182
7,118
121,045

561,382 6,615
206, 764 2,783
801,487 16,142
109, 637 1,664
502, 363
491,362 6,437
176, 886 2,943
6,349
312,342 5,797
855,703 8,512
195,354 1,711
534, 413 8,276
5,044
368,561
5,403,142

79,166

554,767
203,981
785,345
107, 973
495,470
484, 925
173,943
280,539
306, 545
847,191
193,643
526.137
363.517
5,323,976

Ohio

61,210
42, 818
27,634
41, 315
65,291
49,698
59, 856
44, 464

830, 682
225,119
291,397
579,156
295, 900
285,181
168,897
345, 245

161,731
41,138
63, 466
114, 258
83,514
38,574
41.225
88,270

392, 286

3,021, 577

632,176

6,080
3,136
7,186
16, 486
2,471
705
2,432
1,700
5,175

14, 284
17, 943
14, 609
48,167
31,200
8,009
30, 288
7,496
12,308

1,722
3,301
4,729
13,160
6,319
2,922
12, 397
4,709
7,213

45,371

184,304

56,472

4,265
2,277
35, 533
1,141
5,108
569
568

188,039
42,373
1,001,325
7,367
67, 232
7,532
21,497

42,020
8,141
224, 584
2,534
19,157
7,014
3,329

49,461

1,335,365

306, 779

90
462

76,239
1,025
75, 625
3,550
1,576
111
2,121
9,506

133, 414
3,409
69, 945
16, 520
7,619
2,399
5,278
17,046

3,707
15,483
35,131
2,082
86
47,156
73,132
45,080

52, 821
73,615
118,127
62,183
76, 230
117,043
244, 553
90,051

619,284
95,122
642,721
315,098
186,285
54,160
136, 234
434,119

549,014
161, 710
308,944
444,364
143, 794
87, 738
120, 744
305,325

1,611

169, 753

255,630

221, 857

834, 623

2, 483,023

2,121,633

359
1,278
125
4
137
357
1,019

146
157
542
1,911
887
195
1,621
386
921

40,112
13,474
18,042
57,859
15,378
374
1,601
230
11, 801

30, 868
42,383
76,100
97,721
28, 247
10, 998
31, 799
8,916
33, 229

6,330
7,663
18, 703
60, 873
26, 550
5,282
67,334
18, 817
33, 282

11,823
10,342
19, 759
63,027
31,668
4,779
82, 565
16,917
64, 914

286
586
2,867
4,000
883
102
3,425
343
858

111, 651
98, 985
162, 916
364, 651
143, 728
33,370
234,006
59,871
170, 720

1,822
1,632
2,844
2,874
2,998
313
3,791
1,363
1,745

109,829
97,353
160,072
361, 777
140, 730
33, 057
230, 215
58, 508
168, 975

596

3,279

6,766

158,871

360,261

244, 834

305, 794

13, 350

1,379, 898

19,382

1,360, 516

43

157

147

30,569
10
211

746
813
23, 929
470
1,911
1

3,199
94
1,524
2,116
373
305

8,165
5,057
52, 806
16, 825
17,158
3,612
4,441

38, 755
21,180
888,220
13,261 «
57, 219
9,371
35,386

27, 890
18, 510
459, 545
16, 766
52, 295
11, 610
29, 660

1,251
1,493
54, 912
371
4,354
790
507

314, 530
99, 938
2, 773,094
60, 861
225,018
40, 499
95,693

1,500
997
39, 529
1,018
2,987
337
1,247

313, 030
98, 941
2, 733, 565
59, 843
222, 031
40,162
94,446

190

30, 947

27, 870

7,611

108, 064

616,276

63, 678

3, 609, 633

47, 615

3, 562, 018

872,049 25,323, 798 4,064,350 405,237 1,462,138

998,087

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 U n i t e d States
(exclusive of possessions)
Alaska
Canal Zone (Panama)
Guam _ _
The Territory of Hawaii
Puerto Rico
Virgin Islands of the United
States
Total possessions
Total United States and
possessions

200
1
858

20
169
407

20
2

2,430

155

4,071

226
5,577

1,976
48, 539
42,813
778
98,177

34,044

2,457

11,008
588

14, 703

2,457

11, 618

14,923

2,210
1,333
1,973
21,739
142,363
103

45, 977
10,616
27, 785
19, 807
16, 798
7,506
8,855
17, 719

2,505,345
655, 367
1,646, 982
1, 585,178
868,615
679,018
851,133
1, 403,093

215, 625 10, 349,794 155,063 10,194, 731

8,637, 679 1, 248,665
2,130
208
3,798
17,983
46, 771
91

2, 551,322
665,983
1,674, 767
1,604, 985
885, 413
686, 524
859, 988
1, 420, 812

271
21
3
746
5,962
22

62, 918,255 948,809 61,969,446
11,499
1,564
7,758
119, 949
272, 956
216

192
762
1,275

11,307
1,564
7,758
119,187
271. 681
216

686

878,007 25, 421,975 4,098,394 407,694




212

184

5,958

553,338 1, 705,273 17,647,641

8
19, 708
11, 722

1,063, 392

63,020
6,543
40, 919
26, 459
25.118
4,464
7,858
41, 244

, 462,138

, 009,705

807

72

2,527

7

2,520

170, 407

71,788

7,097

416,469

2,236

414,233

553,338 1,720,196 17,818,048

8,709,467

, 255, 762 63,334,724

51,045

2,383,679

CO

TABLE N O . 42.—Assets and liabilities of all active banks other than national, Dec. 81, 1956 {includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]

Capital
Capital
notes
and
debentures

Location

100

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island .
Connecticut

421
800

Total New England
States

9,480
2,193
5,477
48, 347
8,050
31, 677

Individuals, partnerships,
and corporations

U.S.
Government

States
and
political
subdivisions

Banks in
United
States

Certified
Banks in
and
cashiers'
foreign
countries checks,
etc.*

Individuals, partnerships,
and corporations

U.S.
Government

132,016
19,131
48,053
1,155, 581
208,693
704,083

4,686
541
2,426
34,090
5,794
32,248

18,765
3,298
6,760
94,835
16,236
48,309

5,134
886
464
67,204
6,023
24,369

472,090
513,206
221,842
4,995,945
501,304
2,279,828

99

1,935
698
14

6,403
491
1,804
61,092
10,956
34,171

104,080

2,647

114,917

States
and
Banks
Postal
political
in
savsubUnited
ings
divisions States

48
1,045
1,104
5

78
150
40
268

105,224

2, 267,557

79, 785

188,203

8,984,215

2,301

1,844
2,580
210

756,126
56,840
144, 589
13, 461
25,947
11,800

17, 635,363
1,391, 565
3, 353,026
418, 856
737,606
332, 515

657,402
43, 566
88,850
19,811
17,482
5,001

668, 214
136,176
139,533
29,659
67,757
29

3,153, 532 1,154,503 1,030,564 21,142,060
62,380 2,147, 665
36,086
390
64,798 3,042,047
313, 560
7,713
11, 648
219, 636
7,063
8,730
819, 599
47,180
877
14,743
125,762
12,738
4,017

22,869
381
1,609
920
3,817
7,541

5,073 1,008, 763

3, 570,159 1,167,500 1,192,863 27,496, 769

37,137

375

11,659
17,006
25,055
1,594
8,262
12, 996
1,764
4,244
9,252
24,949
3,593
8,160
3,602

407,698
149,970
365,938
50,037
273, 987
276, 712
127, 337
130,865
172, 655
302, 272
83, 208
194,063
267,296

3,863
44
3,665
692
2,431
833
486
25
2,461
99
24
2,990
20

2,255
147
5,966
5
495
2,939
34

132,136

2, 802,038

439

Total Eastern
States -

48,969

1,080

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi

Common
stock

1,321
41,590
7,379

New York .
New Jersey
Pennsylvania
Delaware __
Maryland
District of Columbia

Louisiana
Texas
Arkansas
Kentucky
Tennessee -

Preferred
stock

Time deposits

Demand deposits

50
30
50

--

423
16

-

Total
Southern
States
--




50

50

1,649

23,868,931

832,112

1,041,368

31,880
15,695
26, 986
13,155
31,176
39, 555
12, 828
15, 234
24, 753
59, 456
12,926
28,043
24,151

580,576
289,059
983,125
210, 613
630, 386
788, 364
269, 830
458, 587
468, 635
1,491, 895
363, 769
808,874
423,991

15,636
11,492
30,804
8,131
23,300
20, 691
11,075
10,456
8,652
23,414
6,552
20, 710
11,449

69,746
37,475
109,937
30,325
106,034
92, 749
58, 545
103,075
208,010
164, 554
40,971
71, 455
61, 579

70, 482
14, 613
261,388
10, 211
54,031
48,020
3,050
44,835
60, 631
70,444
12,916
159, 222
11,030

335,838

7, 767,704

202,362

1,154,455

820,873

176
55
83
1,218

477
102

2, 111

356
19

2,682
232
2,013
3,666
1,075
1,432

745

11,100

Banks
in foreign
countries

845

38
32
30

101,693 166, 737
21, 972
244
34, 924
358
9,713
11, 741
5

729,590
25
300
13,275

180,043 167, 344
484
74
1,655
1,910
526
999
156

384
18
472
5
63

34, 618
1,031
40,185
670
4,274
55, 494
1,094
338
5,575
53,436
480
13, 574
16,314

17, 633 12,783

227,083

7,177

623
5
40
32
673

743,190

to
o

2, 262,115
606,472
1, 501,390
1,860, 230
939,302
763,012
538, 817
701, 710

1,302
53
116
2,178
27
67
25
767

731
172
40
21
191
221
152
79

75, 591
50, 375
5,892
18, 392
378
44, 780

99,112
31,499
107, 724
50,482
31,155
15,171
33, 256
51, 485

188,412
171,841
158, 738
232, 497
81,935
77,815
177,390
218,324

135, 471
7,958
181, 520
41,190
31,061
2,951
19,129
377,349

3,901

425

1,920
1,785

425

T o t a l Middle Western States

473
370

1,239

4,913

548, 267

12,307, 680

419, 884

1, 306,952

796,629

12,135

253, 736

9,173,048

4, 535

1,607

287, 491

176.316
177, 679
329, 251
541, 560
226, 286
57, 750
288,143
103,199
262, 796

3,021
3,532
10,114
15,062
5,107
1,397
7,395
4,449
5,401

59, 873
27, 287
34, 633
183,033
39, 697
11,481
34, 530
22, 795
44,426

2,934
2,224
2,875
12,857
15, 361
934
26, 498
289
5,342

5

1,611
2,024
2,392
5,634
3,635
759
4,626
2,272
5,297

63, 539
65, 537
48, 701
171, 372
76,969
22, 974
127,187
29, 823
86, 229

22
11
21
55
20
1,253
2,128
909

1
7
5
21
7
5

11
5

7,806
6,610
13, 723
24, 293
6,655
1, 473
15, 297
4,379
11,115

333
15

53, 223
5,971
191
669
372
898
12,179
5,935
418

186

91,351

2,162,980

55, 478

457, 755

69, 314

5

28,250

692, 331

4,419

394

79, 856

506

7,230
5, 570
134, 815
2,863
10,043
2,430
6,235

148, 773
86,138
2, 585, 719
68, 607
189, 297
41, 373
131, 555

4,270
2,723
56, 722
1,428
4,131
703
2,626

17, 529
14, 692
118,692
14, 631
62, 662
15, 553
26,806

5,354
1,087
203, 779
3,007
26, 937
389
620

2, 588
76
21,825

411, 696
89, 878
2,064,409
37, 226
183, 214
26,108
53,565

20
3,049

18

35
7,497
189,144

72
846
7,551

11
17

10

1, 630
285
14, 491

350

65

2,364
2,271
90, 722
1,516
4,206
1,608
3,900

169,186

3, 251, 462

72, 603

270, 565

241,173

24, 557

106, 587

2, 866,096

3,097

28

213, 082

8,819

51,626,314 1, 662, 224

4,419, 298

3,115
11,382
4,267
13, 260
15, 465
265

4,092

North Dakota
South Dakota
Nebraska
Kansas...
Montana
Wyoming

365

40
20
20
130

Colorado
New Mexico..
Oklahoma
Total
Western
States.
Washington

40

Oregon.. _
California
Idaho. _
Utah
Nevada
Arizona
Total
States

2,331

57,044
17,003
46, 626
44, 494
26, 746
11, 603
25,318
24, 902

2, 657,155
955, 452
2, 568, 772
1, 609, 512
998,646
515, 787
1,059, 222
1, 943,134

107, 719
34,853
99,042
96, 543
45, 512
27, 550
44,492
92, 556

110
279

Ohio

Indiana.

Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

1,238
110

3,648
2,255

3

92,083

221
1,736
54
72
5
10
52
2,150
50
10
346
100

9,800 ]

Pacific
1,348

Total U n i t e d States
(exclusive of possessions).
- - . - 50,298 14,490 2,258, 629
1,035

Alaska,
Canal Zone (Panama)
Guam
The Territory of HawaiiPuerto Rico
American Samoa
Virgin Islands of the
United States

8,373
36,300
100

1,907
15,005
46,669
584

250

936

84

280,420

47,838

69, 262

51,906, 734 1,710,062

4, 488, 560

5, 602, 228 1, 208,955 1,828, 489 52,014, 497

50,298 14,490 2,304,687

8,561
1,758
5,890
94, 538
111, 516
580

3,048
6,308

614
618
40

86
115
290
1,182
8,115
23
14

1,822

9,825

224, 596

69,122 15, 455

550

5, 612, 277 1, 210, 777 1,838,314 52, 239,093

17

1,800
160
669

600
50

1,600
10, 294
33, 615
51

2,644

667

51,016

928

71, 766 16,122 1,049,671

87, 769

752,990

2,899
3
925

2,557

i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




998, 655 186,841

15

1,753

10,049

588
105

1,005

46,058

Total possessions Total
United
States
and
possessions

15, 747
8,220
5, 841
99,125
150, 237
314

9,800

752,990

l

TABLE N O . 43.—Assets and liabilities of active State commercial banks, Dec. 31, 1956

to
to

ASSETS
[In thousands of dollars]

Number of
banks

Location

Maine
New Hampshire.
Vermont
Massachusetts
Rhode Island
Connecticut
Total N e w
States

U.S.
ObligaGovern- tions of
Other
ment ob- States
bonds,
ligations, and po- notes and
direct and litical
debenguaransubtures
teed
divisions

Balances
with other
Corpobanks,
rate
including
stocks,
including Currency reserve
stocks of and coin balances
Federal
and cash
Reserve
items in
banks
process of
collection

97,776
32,721
40, 728
488,710
101,869
341,956

13,704
5,011
12,290
104,985
22,326
112,204

202 1,793,394

1,103,760

270,520

71,233

18,941

192 15,451,262
102 1,216,534
277 2,752,332
20
301,938
94
500,034

252,648

6,469,637 1,382,128
841,926 300,291
1,452,797 347,575
20-1,279
11,868
59,270
438,785
153,918

258,403
58,570
118,717
6,523
27,329
11,163

99,998
11,209
32,787
3,875
4,534
1,049

694 20,474,748

9,561,342 2,108,001

480,705

153,452

377,119
218,073
470,984
107,589
345,050
511,509
174,030
214,263
305,107
582,369
160,386
437,641
222,357

68,661
32,750
188,927
33,805
46,484
81,433
42,707
116,670
111,290
132,811
48,392
34,370
61,695

18,500
4,938
48,480
15,780
15,170
7,192
11,641
7,694
5,156
50,345
9,915
19,239
11,888

1,488
1,355
2,275
366
1,293
826
280
510
591
3,108
258
1,190

5,306,435 4,126,477

999,995

225,938

14,348

156,946
64,052
99,688
771,929
180,577
520,202

_.

7,680
4,117
2,660
36,928
9,949

1,514
3,953
819
3,991
2,570
6,094

10,698
1,760
3,255
40,239
9,749
32,239

44,059
7,635
18,141
361,888
62,981
205,049

97,940

Real
estate
Banks
premises owned
other
owned,
than
furniture
bank
and
fixtures premises

4,054
1,198
1,529
18,554
3,755
16,485

241
73
72
198
42
110

Investments
and other
assets indirectly
representing bank
premises
or other
real estate

_.

Total Eastern States

180
106
167
121
308
167
168
169
139
482
182
276
224

_.

Total Southern States...

2,689




554,767
203,981
785,345
107,973
490,923
484,925
173,943
280,539
306,545
834,197
193,643
526,137
363,517

Customers' liability on Other
accept- assets
ances outstanding

B
Total

746
110
344
5,788
970
2,250

548
275
750
250

England

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

Loans and
discounts
including
overdrafts

1,161

337,966
120,630
179,801
1,835,029
395,120
1,246,498

10,208

4,115,044

699,753

45,575

736

1,8

238,999 7,763,948
69,254
438,333
118,303 1,161,283
12,224
109,876
37,167
225,547
12,024
120,768

215,679
34,331
66,331
5,875
13,539
8,267

692

429,634 219,818

349
4,422
357
78

2,955
243
6,870
1,109
73
1,150

487,971

9,819,755

344,022

5,898

12,400

434,068 266,057

44,148,419

33,766
15, 717
57,096

16,441
4,778
17,766
2,971
13,423
19,620
4,403
7,910
8,963
29,955
3,978
7,612
11,089

249

13,171
32,270
39,007
14,870
23,101
29,393
54,179
12,780
28,677
24,590

234,940
105,540
444,685
65,621
265,010
251,793
95,540
163,308
235,655
553,333
128,757
340,152
177,848

65
320
89
735
496
110
332
507
3,543
135
236
453

3,141
912
308
4
85
364
222
4
1,481
225
2
52
165

5
340
17
233
125

2,607
1,279
10,678
632
2,907
4,131
683
1,308
1,766
2,354
336
1,623
1,184

1,311,679
589,393
2,026,928
348,001
1,213,355
1,401,636
518,446
815,872
1,006,579
2,246,419
558,582
1,396,943
875,688

378,617

3,062,182

148,909

7,270

6,965

897

31,488

14,309,521

146
3,845
18
425

32,533,153
12,008 2,983,194
22,183 6,087,445
660,333
2,391
7,318 1,314,099
2,339
570,195

3
o

388
342
535
332
456
504
564
534

Total United States (exclusive of possessions)..

67,545
17,373
124,474
28,121
29,744
46,477
17.476
70,053

7,630
1,121
14,930
5,090
1,197
214
1,067
16,614

109,903
44,335
61,252
86,615
43,659
22,536
34,501
52,836

993,118
300,727
931,113
591,693
340,389
160,599
303,595
823,368

36,811
11,551
23,773
43,085
15,936
9,369
9,576
22,901

123
259
1,293
440
509
585
105
302

10,940
826
7,421
313
1,981
90
1,435
924

14
42
581
40
182
36
20
1,449

18,602
2,316
16,047
9,160
4,680
2,179
1,267
9,243

5,602,573
1,871,165
5,026,104
4,221,462
2,262,820
1,251,189
2,017,750
3,692,496

9,789,059

8,775,584 1,765,145

401,263

47,863

455,637

4,444,602

173,002

3,616

23,930

2,364

63.494

25,946,559

109,829
97,353
160,072
361,777
140,730
33,057
230,215
58,508
168,975

175,019
138,287
193,743
310,875
134,857
40,279
169,620
67,831
132,931

40,058
14,658
21,154
121,358
23,702
4,865
21,326
6,528
37,219

19,264
4,191
5,043
3,782
11,816
898
1,796
1,264
4,250

51
130
271
389
334
88
427
43
152

4,300
4,320
6,808
15,590
5,417
1,742
8,984
5,088
9,738

45,829
50,439
87,692
196,472
71,106
23,241
111,328
41,062
92,451

1,230
1,321
1,882
5,300
1,867
826
3,833
2,399
2,539

4
29
50
331
330
92
176
20
57

167
5
6
42
165
1
74
42
72

279
208
559
596
699
31
2,798
280
845

396,030
310,941
477,280
1,016,512
391,023
105,120
550,577
183,065
449,229

1,360,516

1,363,442

290,868

52,304

1,885

61,987

719,620

21,197

1,089

574

6,295

3,879,777

66
39
90
23
41
3
7

121,659
76,907
2,733,565
59,843
222,031
40,162
94,446

92,878
64,163
1,522,571
39,926
140,952
31,374
84.. 493

24,582
15,555
316,114
7,751
24,979
2,155
13,616

7,589
316
70,975
575
2,707
313
7,789

286
79
6,492
93
572
76
156

6,864
4,330
59,965
2,712
6,747
2,606
6,465

55,884
26, 714
1,022,670
25,186
109,582
14,315
42,652

3,612
2,674
62,472
1,078
3,302
1,654
4,447

20
27
494
4
93
2
670

104
2,147
4
1,684

6,728
32

403
243
24,664
321
886
226
1,538

313,881
191,008
5,828,857
137, 525
513,535
92,883
256,370

269

3,348,613

1,976,357

404,752

90,264

7,754

89,689

1,297,003

79,239

1,310

4,037

6,760

28,281

7,334,059

244,243 1,571,841 20,042,915

49,729

445,250 405,823

99, 732,379

67
15,317
12,644
1,003
28,783
25

37,162
22,132
21,870
266,854
479,417
2,061

8,898 42,072,765 26,906,962 5,839,281 1,321,707
10

Alaska
Canal Zone (Panama)
Guam
__
The Territory of Hawaii- _.
Puerto Rico»
American Samoa
Virgin Islands of the United
States.

811,944

19,919

1,511
2,160
1,211
9,964
24,094
104

5,361
1,917
33
40,349
31,771
232

400
39
218
6,067
5,384
2

351

33

2,331

3,699

298

413,676

159,593

39,342

12,988
36,006

50,462

4,041
11,990

18,405

8,929 42,486,441 27,066,555 5,889,743 1,340,112

1
2

1,445
1,000

6
286
392

2

80,014

12,143

700

246,738 1,611,183 20,122,929

824,087

20,619

49,731

2,495

314
1,223

32
2

Includes stock savings banks.
2 branches of a national bank and 2 branches of a State member bank in New York.
3 Branch of a national bank in California.
i
Asset and liability items include data for branches of a national bank and a State member bank in New York.



98

16

1

71,208
67,093
1,482

2,374

50

10
1

31

14,976
1,135

1,468

10,939
1,564
7,758
119,187
271,681
216

0)
(
\

Total possessions
Total United States and
possessions
.

354,248
83,012
385,172
366,152
140,593
73,173
150,660
212,135

1,389

Total Pacific States

1,694,007
784,055
1,813,066
1,505,621
824,312
422,666
652,279
1,079,578

116
137
298
428
74
28
93
26
189

California
Idaho
Utah
Nevada
Arizona

2,309,632
625,548
1,646,982
1,585,132
859,638
513,265
845,769
1,403,093

3,655

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

1,537

8

6,744

57,871

3

836,240

446,787 463,694 100, 568,619

to
t—i
CO

TABLE N O . 43.—Assets and liabilities of active State commercial banks, Dec. 81, 1956—Continued

fcO

LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island..
Connecticut

Total
deposits

___

Total Eastern States

167,000
24,347
58,586
1,414,326
248,188
840,457

139,063
83,007
104,179
234,306
109, 787
296,058

107,354
162,765
1,648,632
357,975
1,136, 515

"42

2,752,904

966,400

3,719,304

714

24,081,727
1,656,200
3,962, 282
487,037
875,919
369,043

4,503,646
1,084,861
1,461,786
106,586
326,403
146,578

28,585,373
2,741,061
5,424,068
593,623
1,202,322
515,621

1,670
300
19,750

31,432,208

__
_

Total New England States
New York
New Jersey
Pennsylvania—
___
Delaware
__
Maryland
District of Columbia

Time

Bills payAcceptable, reances
discounts, executed
and other by or for
Other
liabilities account of liabilities
for borreporting
rowed
banks and
money outstanding

300
50

7, 629,860 39,062,068

21,832

Capital
stock i

Surplus

Reserves
and retirement
Undivided account for
preferred
profits
stock and
capital
notes and
debentures

___
__
.__.

_._.

Total Southern States




748,275
369,645
1,410,364
260,874
814,630
964,038
344,264
621,197
755,180
1,728,457
427,801
1,068,523
511,651

448,918
151, 266
417,409
53,314
281,332
336,977
129,107
131,228
181,698
348,731
84,224
210, 664
284,366

1,197,193
520,911
1,827,773
314,188
1,095,962
1,301,015
473,371
752,425
936,878
2,077,188
512,025
1,279,187
796,017

9,580
2,193
5,898
49,147
8,050
31, 652

9,605
5,433
5,770
71,521
18,663
47,467

8,136
4,433
3,867
32,164
4,403
14,678

853
393
778
5,551
264
1,765

1,161

51,601

106, 520

158,459

67,681

9,604

448,375
146
4,003
18
425

716,141
29, 678
75,255
8,016
12, 201
7,695

796, 560
144, 799
13,461
26,386
11,800

1,431,746
99,901
314,802
35,266
51, 523
24,400

529,225
36,798
93,347
9,754
16,798
7,313

24,063
8,511
11,421
195
4,444
3,254

322

112
452,967

1,059,805

1,957, 638

693,235

117
94

15,017
4,158
48,594
1,350
13,655
9,781
2,535
3,176
5,711
12,648
1,079
10,012
9,966

32,960
15,745
27,016
13,205
30,398
39, 555
12,828
15,657
24,769
57,980
12,926
28,093
24,151

45,710
28,327
94,861
12,978
38,904
35,618
16,951
41,880
25, 733
55, 532
16, 516
54, 874
25,166

17,353
13,163
20,214
5,485
23,925
12,905
11,752
1,447
10,812
34,238
13,890
22,394
16,934

2,146
3,090
7,696
795
10,348
2,266
792
848
2,551
8,743
2,146
2,216
2,560

10,024,899

3,059,234

13,084,133

1,006

137,682

335,283

493,050

204,512

46,197

1,300
3,994
710
158
150
200
206

5
346
17
233
125

90
50
800

O

3,429
774
723
26,623
5,683
14,369

51,888
—

Virginia
West Virginia..
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi_
Louisiana.
_
Texas
Arkansas
Kentucky
_
Tennessee

d
O
W

••

:

o
o

I
o

Ohio

Indiana
Illinois
Michigan _
_
Wisconsin
Minnesota
..
Iowa
Missouri
_ _
Total Middle Western States
North Dakota
__ . _
South Dakota
Nebraska
Kansas.
__
_
Montana Wyoming
Colorado
New Mexico

_
_

T h e Territory of Hawaii
Puerto Rico
_ ___
._
American Samoa
Virgin Islands of t h e United States

._

Total possessions
Total U n i t e d States a n d possessions
1

Includes capital notes and debentures.




50,076
15,797
40,473
49,272
7,669
5,270
3,897
46,241

108,194
35,057
99,042
98,443
47,722
27,550
44,760
93,351

208,516
49,992
117,672
112,414
68,318
35,624
64,259
102,156

58,737
36,876
69,573
55,542
38,924
25,878
53,907
76,087

3,133
2,431
50,463
12,834
4,351
7,891
7,117
8,118

6,996

2,457

218,695

554,119

758,951

415,524

96,338

421

854
488
2,019
2,334
2,121
327
7,688
873
2,398

7,806
6,650
13,743
24,313
6,655
1,603
15, 297
4,390
11,120

10,779
8,002
16,869
33,229
8,500
3,715
14,736
4,012
11,736

10,629
9,756
13,005
25,030
5,596
2,830
8,026
1,365
11,926

5,417
1,673
1,897
1,147
562
427
1,727
1,202
695

3, 551, 288

3,322

19,102

91,577

111, 578

88,163

14,747

105,910
68,575
2,273,971
37,226
185,215
26,410
68,056

286,749
175, 557
5,351, 430
126,415
472,451
86,036
233,628

200
865

2,611
1,337
71,682
1,469
6,113
1,431
4,268

7,230
5,570
136,053
2,863
10,153
2,430
6,235

11,092
5,363
178,446
4,912
16,690
1,885
9,001

5,364
2,020
79,653
1,515
7,606
1,101
2,348

635
296
4,733
319
522

2,765,363

6,732, 266

1,065

6,892

88,911

170,534

227,389

99, 607

7,395

41,587

464,483

1,364,977

2,317,838

3, 707,065

1,568,722

226,169

3

92
2
275
2,786
44,067
21
92

985

1,040

642

315

W

8,373
36,300
100
250

9,396
10,423
50
50

5,162
2,332
9
95

2,522
1,606
24

2,032,770
557,260
1,577,137
1,912,655
924,808
525,839
537,951
747,388

5,173,405
1,730,745
4,644,165
3,892,917
2,094, 244
1,148,890
1,843, 200
3,364,913

480
225
4,123

15,076, 671

8,815,808

23,892,479

243,760
212, 746
379, 265
758,146
290,086
72,321
361,192
133,004
323, 262

116,785
71,576
48,897
172,093
77,403
23,897
140,965
38,219
87,671

360, 545
284,322
428,162
930, 239
367,489
96,218
502,157
171,223
410,933

777,506

Oklahoma
2,773,782
Total Western States
Washington
180,839
106,982
Oregon
. _
. - _
_
3,077,459
California
89,189
Idaho
_
287,236
Utah
59,626
Nevada
___
165,572
Arizona
Total Pacific States
3,966,903
Total United States (exclusive of possessions)
_ _
- .- _ _ _ _ 66,027,367
Alaska
_
Canal Zone (Panama)
Guam

1,410
50
590
118

32
42
593
40
182
36
20
1,512

3,140,635
1,173,485
3,067,028
1,980,262
1,169,436
623,051
1,305, 249
2,617,525

50
1,585
220
100
946

6,860
32

890

24,014,171

90,041,538

22,747
20,372
12,305
132,234
227,412
1,226
2,039

11,341
1,758
9,290
105,595
146,775
631
4,118

34,088
22,130
21,595
237, 829
374,187
1,857
6,157

418,335

279,508

697,843

9,851

1,537

47,335

46,008

20,959

8,240

24,293,679

90,739,381

51,438

466,020

1,412,312

2,363,846

3,728,024

1,576,962

t

Pi

4,467

66,445,702

W

230,636

(See classification on pp. 218 and 219.)

472
9,279

314
1,223

100

to

TABLE N O . 43.—Assets and liabilities of active State commercial banks, Dec. 81, 1956—Continued

to

[In thousands of dollars]
Loans and discounts
Real estate loans
Secured
by
farm
land
(including
improvements)

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total
New
States..

4,096
1,135
6,671
1,299
294
2,873
England

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas..
Arkansas
Kentucky
Tennessee
Total Southern States

Secured
by residential
properties
(other
than
farm)

41, 505
38,913
41, 675
98,105
32,057
152,898

Secured
by
other
properties

17, 858
8,425
13. 525
55,849
21,020
29,157
145, 834

Other
loans for
the purLoans to pose of
Loans brokers purchasing or
and
to
banks dealers carrying
stocks,
in
securities bond?,
and
other
securities

450
500

5,064
750
1,268
14, 718
555
14, 667

1,183
90
952
17,276
646
6,652

Loans to
farmers
directly
guaranteed by
the
Commodity
Credit
Corporation

16,368

405,153

37,022

26, 799

1,138, 447
447, 731
485,816
62,817
143, 568
45, 870

299, 037 392,190 1,019,887
62,450
94, 522
46, 583
163,177
3,265
17, 813
22,199
6,317
40, 693
1,450
7,303
18,116
200

446,060
10, 442
85, 863
2,329
6,759

63, 702 2,324, 249

637, 744 397,105 1,160,353

551,901

1,127
828

56

3,132
8,825
74
1,118
2, 656
682
534
4,819
439

2,511
5,279
17, 250
3,549
12, 974
5,779
4,054
8,427
2,215
16, 430
3,314
11,961
2,641

5,853
22,230
11, 625
54, 876
28, 663
3,638
12, 609

4, 543

53,819

96,384

162, 992

32, 941

126, 339
64, 686
85, 962
24, 754
101,422
78, 555
35, 282
28, 552
61, 948
62, 458
25,057
89,192
66,215

32, 494
17, 792
50,189
6, 794
27, 910
45,056
11, 338
16, 571
34, 883
41,075
12,125
31, 652
20,387

270, 545

850,422

348, 266

20, 687
7,422
31, 734
7,534
30,014
13, 313
15,175
20, 649
16, 555
12,371
__ 15,119
47,031




1,922
820
7
1,023
518
127

4,343
209
26,198
790

Other
loans
to
individuals for
personal
expenditures

916
2
207
2

2,507
3,011
17,152

5,469
450
6,192
2, 556
154
4,499

41,303
6, 518
14,694
373, 341
74, 894
150,408

40,612
7,466
15,616
204,109
42, 667
155,107

19,320

81

20,818
2,794
17,217
7,628
13,052
2,193

950

CommerOther
loans
cial and
industrial
to
farmers loans (in(exclud- cluding
ing loans
open
on real
market
estate)
paper)

661,158

465, 577

All
other
loans
(including
overdrafts)

1,988
430
495
17, 528
11,055
12, 659
44,155

Total
gross
loans

159,159
64,177
101,088
785,231
183,842
528,920

Less
valuation
reserves

Net
loans

2,213
125
1,400
13,302
3,265
8,718

156,946
64,052
99,688
771,929
180, 577
520,202

1,822, 417 29,023

1, 793,394

35, 832 9, 937, 012 1, 854, 240
3,113
282, 421
318,114
13, 707 1,062, 329
836,893
2,496
91. 268
92, 362
9,551
126', 571
138, 938
80, 538
81.840

618,050 15, 762, 489 311, 227 15,451,262
24, 576 1, 246,163 29,629 1, 216, 534
93, 648 2,808. 500 56,168 2, 752,332
5,981
305,100 3,162
301,938
21,214
508,115 8,081
500,034
17, 262
253,850 1,202
252,648

64, 779 11, 580,139 3, 322, 387

780, 731 20,884, 217 409,469 20, 474,748

20, 695
4,238
24, 595
7,159
22,932
15,175
16,004
24, 282
12,608
80, 253
24,675
34,088
28,168
314,872

139, 201
32, 563
293, 295
19, 483
140, 846
168, 626
35,165
97,062
76, 715
267, 904
38,081
152, 520
61,928

199, 731
68, 214
249, 262
35, 233
132, 914
146,897
51,823
62, 635
78, 987
294, 495
45, 229
138, 330
136,059

1, 523, 389 1, 639, 809

12, 631
6,361
19,675
1,323
7,489
8,618
2,118
5,235
14,150
12,100
2,552
21,182
7,118

561,382 6, 615
206, 764 2,783
801, 487 16,142
109, 637 1,664
497,808 6,885
491,362 6,437
176,886 2,943
6,349
312. 342 5,797
842, 709 8, 512
195, 354 1,711
534,413 8,276
368, 561 5,044

120, 552 5,385,593

79,158

554,767
203,981
785, 345
107,973
490,923
484,925
173,943
280, 539
306, 545
834,197
193,643
526,137
363, 517
5,306,435

Ohio
Indiana .
_ _
niinois
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 S t a t e s
(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 S t a t e s
and possessions

9, 789,059

111,651
98, 985
162,916
364, 651
143, 728
33,370
234,006
59,871
170, 720

1,822
1,632
2,844
2,874
2,998
313
3,791
1,363
1, 745

109.829
97,353
160,072
361, 777
140, 730
33,057
230, 215
58, 508
168, 975

13,350

1, 379, 898

19,382

1,360, 516

26,953
18,472
459, 545
16, 766
52, 295
11, 610
29,660

1,251
1,493
54,912
371
4,354
790
507

123,059
77,904
2, 773,094
60,861
225,018
40,499
95, 693

1,400
997
39. 529
1,018
2,987
337
1,247

121. 659
76,907
2, 733, 565
59, 843
222,031
40,162
94, 446

615, 301

63, 678

3,396,128

47, 515

3,348,613

52, 820
73,195
118,127
62,166
76, 230
117,043
241, 392
90,051

596,828
94,843
642, 721
315,093
186, 285
54,160
135,829
434,119

532,171
160, 955
308,944
444,355
143, 756
87, 595
120, 442
305,325

57,815
6,529
40,919
26, 450
25,093
4,464
7,823
41, 244

1,610

169, 753

255, 417

221, 216

831,024

2,459,878

2,103, 543

210,337

359
1,278
125
4
137
357
1,019

146
157
542
1,911
887
195
1,621
386
921

40,112
13,474
18,042
57,859
15, 378
374
1,601
230
11, 801

30,868
42, 383
76,100
97, 721
28, 247
10, 998
31, 799
8,916
33, 229

6,330
7,663
18, 703
60,873
26, 550
5,282
67, 334
18,817
33,282

11, 823
10, 342
19, 759
63,027
31, 668
4,779
82. 565
16,917
64, 914

286
586
2,867
4,000
883
102
3,425
343
858

3,279

6,766

158, 871

360, 261

244, 834

305, 794

157

746
813
23,929
470
1,911
1

3,199
94
1,524
2,116
373
305

8,165
5,057
52,806
16, 825
17,158
3,612
4,441

38, 755
21,180
888, 220
13, 261
57, 219
9,371
35, 386

30,947

27, 870

7,611

108,064

1,063, 392

7, 617, 422 2,079,190 404,994 1,455,173

965,137

200

366, 957

2, 697, 275

616,894

6,080
3,136
7,186
16,486
2,471
705
2,432
1,700
5,175

14, 284
17,943
14, 60P
48,167
31, 200
8,009
30,288
7,496
12,308

1,722
3,301
4,729
13,160
6,319
2,922
12,397
4,709
7,213

45, 371

184, 304

56,472

596

3,880
2,277
35, 533
1,141
5,108
569
568

29,096
21,970
1,001,325
7,367
67,232
7,532
21,497

10,814
6,548
224, 584
2,534
19,157
7,014
3,329

43
147

30, 569
10
211

49,076

1,156,019

273,980

190

155

3,915

226
5,577

1,976
48, 539
42,813
661
97,904

34,001

858

20
169
407

551, 898 1, 698,320 17, 532, 790

184

5,958




9,933,904 144,845

90
462

3,707
15,345
35,131
2,082
86
47,156
72, 629
45,080

160,885
38, 700
63,466
114, 258
83,030
27,191
41,094
88, 270

817, 977

2,309,632
625, 548
1,646,982
1, 585,132
859, 638
513, 285
845, 769
1, 403,093

133, 414
3,196
69,945
16, 520
7,619
2,399
5,278
17,046

677, 550
201, 625
291,397
570.153
287, 515
146, 280
168, 510
345, 245

812,019

39,107
10, 310
27, 785
19,807
16, 797
4,465
8, 855
17, 719

76, 239
1,025
75,625
3,550
1,576
111
2,121
9,506

57,110
40,445
27,634
41,312
65, 245
31. 331
59, 416
44, 464

20
2

2,387

212
8

19, 708
11, 722

2,188
1, 333
1,973
21, 739
142,363
103

2,457

11.008
588

14, 703

2,457

11, 618

14,923

976, 755

551,898 1, 713, 243 17, 703,175

8, 452,411 1, 232, 803 42,802,157 729, 392 42,072,765
2,010
208
3,798
17, 983
46, 771
91

686

7, 715, 326 2,113,191 407, 451 1,455,173

2, 348, 739
635, 858
1,674, 767
1, 604,939
876, 435
517, 730
854, 624
1, 420,812

71,668

11,126
1,564
7, 758
119,949
272, 956
216
2,338

7

2,331

6,993

415,907

2,231

413, 676

807

170,385

187

239
21
3
746
5,962
22

762
1,275

10,939
1, 564
7,758
119,187
271,681
216

8, 524,079 1,239, 796 43,218,064 731, 623 42, 486, 441

TABLE N O . 43.—Assets and liabilities of active State commercial banks, Dec* Sly 1956 —Continued

to

[In thousands of dollars]

00

Capital
Location

IndividCapital
notes Pre- Common uals, partstock
nerships,
and ferred
and cordeben- stock
porations
tures

Maine
New Hampshire.
Vermont-.*
Massachusetts .
Rhode Island
Connecticut... _

100
421
800

. T o t a l New England
fc States.
New York
New Jersey.
Pennsylvania, ^
Delaware Maryland
_.
District of Columbia

Total Southern
States

9,480
2,193
5,477
48,347
8,050
31,652

132,016
19,131
47,225
1,155,581
208,693
702,274

U.S.
Government

States
and
political
subdivisions

4,686
541
2,420
33,679
5,778
31,797

18,765
3,298
6,679
94,835
16,235
48,309

Time deposits

Certified IndividStates Banks Banks
in
Banks in Banks in
and
uals, part- U . S . Postal
and
in
United
foreign cashiers' nerships, Govern- savings political United foreign
States countries checks, and cor- ment
subStates countries
etc.i
porations
divisions
5,134
886
464
67,204
6,023
24,369

1,935
698
14

6,399
491
1,798
61,092
10,761
33,694

104,080

2,647

137,911
82,845
103,105
229,627
107,458
295,419

14
48
1,045
1,104
5

78
150
40
268

1,321
41,590
7,379

105,199

2,264,920

78,901

188,121

114,235

956,365

2,216

1,844
2,580
210

753,126
56,840
144,589
13,461
25,947
11,800

17,495,511
1,380,200
3,348,260
418,856
735,808
332,515

655,739
43,213
88,485
19,811
17,448
5,001

668,113
135,494
139,488
29,659
67,757
29

3,135,646 1,124,846 1,001,872
36,061
390
60,842
313,560
7,713
64,776
7,063
11,648
46,865
7,164
877
12,738
14,743
4,017

3,485,007
1,068,625
1,424,295
96,045
310,821
125,762

22,869
381
1,609
920
3,817
7,541

356

5,073 1,005,763

23,711,150

829,697

1,040,540

3,551,933 1,137,843 1,161,045

6,510,555

31,880
15,695
26,986
13,155
30,398
39,555
12,828
15,234
24,753
57,980
12,926
28,043
24,151

580,576
289,059
983,125
210,613
623,061
788,364
269,830
458,587
468,635
1,449,189
363,769
808,874
423,991

15,636
11,492
30,804
8,131
23,300
20,691
11,075
10,456
8,652
23,102
6,552
20,710
11,449

69,746
37,475
109,937
30,325
105,930
92,749
58,545
103,075
208,010
161,381
40,971
71,455
61,579

70,482
14,613
261,388
10,211
54,021
48,020
3,050
44,835
60,631
69,797
12,916
159,222
11,030

11,659
17,006
25,055
1,594
8,235
12,996
1,764
4,244
9,252
24,511
3,593
8,160
3,602

407,698
149,970
365,938
50,037
273,621
276,712
127,337
130,865
172,655
296,113
83,208
194,063
267,296

333,584

7,717,673

202,050

1,151,178

820,216

131,671

2,795,513

439

Total Eastern States. 48,969
Virginia . . .
West Virginia
North Carolina
Routh Carolina Georgia
Florida
Alabama
Mississippi
T/Ouisiana
Texas.
. Arkansas
^.J_.
Kentucky
TenneRseQ. . . .

Demand deposits

50

1,080
30
50
423
16
50

50




1,649

176
55
83
1,218

477
102
2,111

38

1,100
162
1,011
3,526
1,075
594

15
30

7,468

83
727,840
25
300

19

101,693 166,237
15,807
23
34,868
358
9,621
11,741
5

37,137

375

173,730 166,623

741,440

3.S63

2,255
147
5,966
5
495
2,939
34

484
74
1,655
1,910
526
999
156

384
18
472
5
63

34,618
1,031
40,185
670
4,259
55,494
1,094
338
5,575
52,499
480
13,574
16,314

17,630 12,783

226,131

7,177

3

'^
2,431
833
486
25
%

%
24
2,990
20

623
5
40
32
673

13,275

Total Middle West- ;
ern States
.
;
North Dakota.
South Dakota..
Nebraska

2,656,800
947,618
2,568,772
1,609,363
998,539
515,787
1,050,479
1.943.134

99,112 j 188,412
31,430
107,724
158,738
50,481
232,479
31,155 | 81,935
15,171
77,815
33,256
177,067
51,485
j 218,324

547,907

12,290,492

419,814

1,304,536

253,065

8,525,833

7,806
6,610
13,723
24,293
6,655
1,473
15,297
4,379
11,115

170,316
177,679
329,251
541,560
220,286
57,750
288,143
103,199
262.796

3,021
3,532
10,114
15,062
5,107
1,397
7,395
4.449
5,401

59,873
27,287
34,633
39,697
11,481
34530
22,795
44,426

1.611
2,024
2,392
5,634
3,635
759
20,498
289
5,342

63,539
65,537
48.701
171,372
76,969
22,974
127,187
29,823
86,229

91,351

2,162,980

55,478 I

457,755

69,314

7,230
5.570
134,815
2,863
10,043
2,430
6,235

1487773

4,231
2,718
50, 722
1,428
4.131
703

17.529
14,692
118,092
14,631
62,662
15,553
26,806

5.354
1,087
203.779
3,007
26,937
389
620

270,565

241,173

1,239

130
11

Total Western
States

40

Washington.
Oregon
...
California...,
Idaho
Utah
Nevada
Arizona

186

1,238
110

Pacific

Total United States
(exclusive of possessions)

4,913

40

Montana
Wyoming...
Colorado
New Mexico.
Oklahoma

Total
States

56,939 1,944,220
16,713
555,315
46,626 .1,501,390
44,494 I 1,860,027
26,746 | 918,631
11,327
507,154
25,318
537,386
24,902
701,710

365 ! 107,719
34,778
99,042
96,523
1,920
45,512
425 1,785
27,550
44,287
473
92,556
425 I 370
110
279

Ohio
Indiana
Illinois
Michigan..
Wisconsin..
Minnesota.
Iowa
Missouri...

1,348

169,186

86,138
2.585,719
68,607
189,297
41,373
131,555
3,251,462

72,559

135,471
7,958
181,520
41,190
31,061
2,951
19,129
377,349

2,272
5,297

65
24,557

221
1,720

75,591
50,375
5,888
18,392
378
44,780

S
52

4,534 I 1,607 281,700 | U. 134
22
11

7I

21
55
20
1,253
2,128
909

20
105,816
2,364
61,089
2,271
90,722 2,004.409 3,049
37,226 .
1,516
183,214
4,206
26,108
1,608
53,565
3,900

106,587 2,531,427

86,296

21

—-——
53,223
50
5,971
191 !
10
669 i
372 !
898
12,179 j 346
5,935 !
418
100 I
•

333;

15
394

79,856 |

*

©

•

506 j

24 |
50|
7,486 L
18 i 189,144 : 7,551
1,630 i
285
14,491

i

9,866

"350" I

2
O
Si

28

9,800

69,033 15,455
=
15
17
1,800
160
600
50

981,945 j 154,474 ; 751,240

3,097

o
*5

50,298 14,490 2,253,050

51,398,677 1,658,499

5,583,345 1,179,298 1,794,853 22,012,024
_
8,410
80
105
1,758
115
550
5,890
290
3,048
94,538
1,182
614
6.308
111, 516
8,115
618
580
23
40
...

Alaska
Canal Zone (Panama)
Guam
.
The Territory of Hawaii!
Puerto Rico
American Samoa
Virgin Islands of the
United States

985
8,373
36,300
100

15,172
8,220
5,841
99,125
150,237
314

3,065
11,382
4,267
13,260
15,465
84

Total possessions
Total United States
and possessions

731
172
40
21
191
221
152
79

692,331 i 4,4)9 I

28,250
2,588
76
21,825

1,302
53
116
2,178
26
67
25
767

1,907
15,005

14

-

„.

-

•

:

1,561

51,678,522

22,236,277

i Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




1,600
10,294
33,615
51

I
925

2,557
667

279,845
50,298 14,490

2,899 I

16,122

751,240
CO

TABLE NO.

44.—

and liabilities of active mutual savings banks, Dec, 81, 1956

to

ASSETS
[In thousands of dollars]

Location

Loans and
discounts
including
overdrafts

ObligaU.S.
Other
Govern- tions of
bonds,
ment ob- States
ligations, and po- notes and
debendirect and litical
subtures
guarandivisions
teed

155,949
276,251
101,402
2,944,035
227,959
1,149,989

128,661
147,274
21,602
1,694,104
117,943
637,597

341 4,855,585
129 12,649,041
23
631,197
7
770,192
2
29,678
229,622
8
169 14,309,730
3
195,713
4
28,059
4
8,977
1
165,753

2,747,181
4,067,944
309,313
322,570
17,250
214,955
4,932,032
100,706
22,608
9,404
49,696

Number of
banks

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 Islandsofthe United
States
Total United States and
possessions




32
34
7
189
8
71

12

398,502
191,371
22,034
213,405

182,414
101,807
7,588
109,395

527 19,777,222

7,971,022

1
5

1

189

528 19,777,411

Balances
Corpowith other
rate
banks,
stocks,
including
including Currency reserve
stocks of and coin balances
Federal
and cash
Reserve
items in
banks
process of
collection

Real
Bank
estate
premises owned
owned,
other
furniture
than
and
bank
fixtures premises

Investments
and other
assets indirectly
representing bank
premises
or other
real estate

Customers' liability on Other
accept- assets
ances outstanding

O
Total
assets

49,443
17,068
1,609
283,306
49,748
220,527

21,445
30,256
1,772
231,307
20,884
94,417

1,841
1,464
835
20,623
2,697
10,808

10,166
9,947
3,506
88,139
7,745
47,216

1,789
4,039
1,095
29,834
2,571
12,059

456
394
87
2,132
18
605

146
253
140
12,684
417
15,800

382,943
492,402
132,690
5,354,499
435,603
2,220,032

104,115 621,701
416,563 1,309,300
26,448 159,878
70,913 503,749
68,386
15,574
68,464
4,987
534,485 2.109,777
26,997
2,485
2,226
2,863
653
1,487
29,147
21,925

400,081
256,452
16,303
19,146
6,657

38,268
75,395
6,442
7,264
178
2,076
91,355
1,174
298
283
461

166,719
487,213
37,213
32,456
4,459
14,355
575,696
18,931
4,208
1,795
9,308

51,387
117,327
10,057
9,502
758
3,038
140,682
2,873
183
107
615

3,692
2,064
221
25
201
68
2,579
6
35

29,440
168,188
5,831
8,496
31,800
214,320
1,420
217
6
33

9,018,169
19,549,487
1,202,903
1,744,313
143,146
569,365
23,209,214
355,708
60,722
22,762
276,993

" 34,242
9,373
1,353
10,726

3,778
1,114
71
1,185

96
60
60

1,676
721
199
920

716,185
335,366
31,618
366,984

197,032

6,427

246,356

33,310,552

20

262

197,032

6,427

246,376

33,310,814

13,047
5,456
642
48,335
5,621
31,014

28,760
1,575
15
1,590

298,558
5,403
25
50

59,023
28,118

5,478
389

28,118

389

2,216
898
298
1,196

668,950 2,818,619

704,506

133,035

787,383

8
133,043

787,422

55

39

6
7,971,022

8

668,950 2,818,625

704,506

O
O

w
o

TABLE NO. 44. -Assets and liabilities of active mutual savings banks, Dec. 81, 1956—Continued
LIABILITIES
lln thousands of doliarsl

I
1

Demand
deposits

Location

Time
deposits

Total
deposits

M

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island...
Connecticut

335,850
430,431
120,677
4,766,869
394,058
1,986,446

8,031,818

8,034,331

Total New England S kites

.
_

_

New York
New Jersey
Pennsylvania
Delaware
Maryland

17, 654, 640
1,085,426
1.611,866
123,683
508, 778

17,657,653
1,099,389
1, 612,231
123,683
512,491

250

. ...

Total Eastern States
.

. .

20.984,393

21,005, 447

250

460
4,661
107
276

323,682
50,441
20,676
255,858

324,142
55,102
20,783
256,134

-

Total Middle Western States
_..

Total Pacific States
Total United States (exclusive of possessions)

...

5,504

650,657
305,913
29,646

305,952
29,651

44

335,559
30,002,427

30,031,542

192~

1

Includes guaranty fund.




29,115

30,031,734

24.804
30,680
3,120
311,173
34,503
124,386

18,900
20,864
3,899
220,132
3.487
79,966

Reserves
and retirement
account for
capital notes
and
debentures
1,063
3,247
4,198
10,284
167
11,444

73,938
••

"

-

•

" • •

"••

528,666

347, 248

30,403

217.901
10, 534
9,515
80
5,339

1,257,211
83,195
113, 564
18,876
20,185

297,247
430
5,053
215
31,275

243,369

1,493,031

334,220
280
667
178
860

c

8

132,897

24,265
4,307
1,643
17,000

ft

119,225
9,355
3,950
292
75
731
538
8
2,341

7,206

47,215

1,985

3,618

3,268
425

19,586
849

3,425
693

3,135

3,693

20,435

4,118

3,135

3,833

328,206

2,089,347

687.571

170,053

3,833

328,210

2,089,347

687,637

_. ..

J
~

192~

30,002,619

Surplus i

Undivided
profits

6,290
108
150
658

335,603

29.115

638
15
330

656,161

39
5

Virgin Islands of the United States.
Total United States and possessions

2,326
6,542
781
45,711
3.388
15, l«0

3,583

3,013
13.963
365
3,713

..

Other
liabilities

2,6U0

2,513

21,054

.,

Washington
Oregon

1)21
411
212
965

335,846
430,431
119,756
4,766,458
393, 846
1,985,481

4

.

Ohio
Indiana,
Wisconsin
Minnesota

Bills pay- Acceptances
able, redis- executed by
or for
counts; and
other liabili- account of
reporting
ties for
banks and
borrowed
outstanding
money

66

o
ft
ft
K

170,053

to

TABLE NO. 44,—Assets and liabilities of active mutual savings banks, Dec. 81y 1956—Continued
[In thousands of dollars]
Loans and discounts
Other Loans to
Comloans for farmers
mercial
the pur- directly
Other
Other
Loans to pose of guaran- loans to and in- loans to
All
other
Loans brokers purchas- teed by farmers dustrial individloans
ing or
uals for
the
loans
(excludand
Secured
to
Com- ing loans (includ- personal (includby other banks dealers carrying
ing
expendi- ing overmodity
on real
in secu- stocks,
properopen
bonds,
tures
Credit
drafts)
estate)
rities
ties
market
and
Corpopaper)
other se- ration
curities

Real estate loans
Secured
by farm
land
(including
improvements)

Location

Maine
New TTarnpshire
Vermont
M assachusetts
Rhode Island

Secured
by residential
properties
(other
than
farm)

1,373
1,612
6,478
6,640
161
5,630

135,219
219,260
79,715
2,562,544
215,639
1,073,553

14,729
45,744
7,708
336,453
7,413
68,029

21,894

4,285,930

--

Total New England
States
New York
New Jersev
Pennsylvania - . . . . . . .
Delaware
Maryland . « . . . . .
Total Eastern States

Ohio
Indiana
Wisconsin

Minnesota . .

... . . .

.

Total Middle Western
States
-- --




1,654

22

5,362
14,763
48

11,550 12,914,097 1,465,940

14,811

4,100
2,324
46
18,367

153,132
22,939
8,385
138,901

846
2,337
484
11,383

24,837

323,357

15,050

Net
loans

638
371
542
18,425
3,869
5,545

155,949
276,251
101,402
2,944,035
227,959
1,149,989

29,390

4,855,585

1,136
3,689
912
490
572
1,051

3,689
5,865
3,655
52,648
7,339
15,475

300
347
332
2,420
139

156,587
276,622
101,944
2,962,460
231,828
1,155, 534

7,850

88,671

3,538

4,884,975

1,000
44
97

42
44
1,546

470,076

Less
valuation reserves

10,404

99
61
1,598
1,265
704
1,635

8,963 11,362,426 1,370,589
42,481
242
593,164
36,617
627
732,181
81
771
28,746
16,172
947
197,580

Total
gross
loans

49,383
2,283
758
36
16,179

2,403 12,818,931
122
638,340
771,183
29,678
231,062
87

169,890 12,649,041
7,143
631,197
991
770,192
29,678
229,622
1,440
179,464 14,309,730

11,545

68,639

2,612 14,489,194

203

1
68

22,456

16,843
474
38
143

5,205

203

69

22,456

17,498

=

25

202,583
28,345
8,978
168,794

6,870
286
1
3,041

195,713
28,059
8,977
165,753

5,230

408,700

10,198

398,502

Washington
Oregon
Total Pacific States
Total United States (exclusive of possessions).. _
Virgin Islands of the United
States
Total United States and
possessions——_.




385

158,943
20,403

31,206
1,593

937
38

191,471
22,034

100

191,371
22,034

385

179,346

32,799

975

213, 505

100

213,405

175,783

11,380 19,996,374

58,666 17,702,730 1,983,865

20,376

1,723

41,851

117
58,666 17,702,847 1,983,865

72
20,376

1,723

41,851

175,783

219,152 19,777,222

189

189

11,452 19,996,563

219,152 19,777,411

S

S
to
fcO

and liabilities of active mutual savings banks, Dec, 31, 1956—Continued

TABLE N O . 44.—

to

[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
Total Eastern States
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States

IndividuStates
U.S.
and
als, partnerships, Govern- political
subdiviment
and corposions
rations

Banks
in
foreign
countries

CertiIndividufied and als, partU.S.
cashiers' nerships, Governchecks, and corpoment
etc.i
rations
4

85

195
474

334,179
430,361
118, 737
4,766,318
393,846
1,983,898

679

8,027,339

85

260
1,538

81

6

40

6
411
16
451

1

868

884

82

1,096
11,365

1,656
353
365

1
682

25
315

683

340

828

1,798

34

14, 259

2,408

355
2,898
107
3,360

47

Total Pacific States

1

17

6,165
36
92

221

1,566

17,654, 640
1,079, 040
1,611,830
123, 591
508,778

3,364

20,977,879

6,293

221

105
282

1,434

317,895
50,425
20,671
255,858

5,787
1

4

644,849

1

5,791

16

11
11

663

1,434

Banks
in
foreign
countries

745

305,880
28, 789

22
86

15,738

1,867

86

15,738

1,867

334,669

18,487

3,383

2,199

340

4,706

29,984,736

18,487

3,383

2,199

340

4,706

29,984,928

16

22
846
868

192

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




1,582
70
1,002
140

Banks
in
United
States

762

Virgin Islands of the United States
Total United States and possessions...

States
and
political
subdivisions

838

276
47

Postal
savings

3,632

39
5
44

Washington
Oregon
Total United States (exclusive of
possessions).

Banks
in
United
States

Time deposits

=====

TABLE N O . 45.—Assets and liabilities of active private banks, Dec. 31y 1956
ASSETS
[In thousands of dollars]

Location

Num- Loans and
ber of discounts,
banks including
overdrafts

U. S. Gov- ObligaOther
ernment.
tions of bonds, Corobligations, States
notes, porate
and
stocks
direct and and politguaranteed ical sub- debendivisions tures

Balances
with other
banks, inCur- cluding rerency serve baland
ances and
coin cash items
in process
of collection

Investments
Real
estate and other
owned assets indirectly
other
than representbank ing bank
and
prem- premises
or other
fixtures ises
real estate
Bank
premises
owned,
furniture

nonnp.ntir.nt

2

930

903

58

26

96

347

122

New York
Pennsylvania..

2
5

89,931
3,887

43 858
5,820

44 359
476

130
229

8 911
38

318
393

70 995
1,316

310
71

7

93, 818

49, 678

44,835

359

8,949

711

72,311

381

19

38
11

4,547
12,994

722
18, 743

21
7,249

92
2,000

3,406
16, 638

164
681

83
27

2

230

528
1,969

49

17, 541

19,465

7,270

2,092

230

2,497

20,044

845

110

2

5
1
7

1,760
46
5,364

3,834
179
3,231

308
3
368

4
7

156
16
183

890
170
1,956

17
31

14

355

3,016

48

14

3,659

95, 718

1,396

160

84

198

8

52

3,743

95,916

1,404

212

Customers' liability on
accept- Other
ances
assets
outstanding

Total Eastern States....- _.
Georgia
Texas
Total Southern States
Indiana
Michigan
Iowa
Total Middle Western States-

13

7,170

7,244

679

11

Total United States (exclusive of possessions)
_Alaska

71

119,459

77, 290

52, 784

2,520

1

368

329

Total United States and possessions

72

119, 827

77, 619




9,205

98
52, 784

2,618

9,205

17

Total
assets

4

2,503

16 081

4 156

279 049
12,249

16,081

4,156

291,298

120
217

9,685
60, 748

337

70,433

3

6,972
421
11,147

3

18, 540

4,500

382, 774

1

1,138

4,501

383,912

19

2

2

16,081

16,081

to
to
Ox

TABLE NO.

45.—

and liabilities of active private banks, Dec. 81,

to
fcO
c

1956—Continued

LIABILITIES
[In thousands of dollars]

Location

Connecticut
New York
Pennsylvania
Total Eastern States
Georgia
Texas
Total Southern States
Indiana
Michigan
Iowa
Total Middle Western States
Total United States (exclusive of
possessions)
Alaska
Total United States and possessions-




Demand
deposits

Time
deposits

Total
deposits

Bills payable,
rediscounts,
and other
liabilities for
borrowed
money

Acceptances
executed by or
for account of
reporting
banks and
outstanding

1,772

511

2,283

214,838
4,833

4,663
5,942

219,501
10,775

13,702
265

17,277

219,671

10,605

230,276

13,967

17,277

7,466
47, 276

381
7,099

7,847
54,375

54, 742

7,480

62, 222

5,607
168
9,066

732
203
1,431

14,841

Other
liabilities

Capital
stock

Surplus

2

25
3,000

13,753
1,156

3,000

10
300

95
203

778
1,476

310

298

6,339
371
10,497

2,366

17, 207

291,026

20,962

311,988

881

151

1,032

291,907

21,113

313,020

Reserves

o

3

193

7,201
7
7,208

Undivided
profits

17,277

38

4,623

625
. 3,366

243
492

87
536

2,254

3,991

735

623

75
20
205

324
16
179

188
3
193

33
9
73

300

519

384

115

7,523

5,579

19,612

1,157

5,361

50
14,277

14,909

15
17,277

4,577
46

13
2

14,277

38

25

21

10

5,629

19,637

1,178

5,371

7,523

g

3

TABLE NO. 45.—Assets and liabilities of active private banks, Dec. 31, 1956—Continued
[In thousands of dollars]
Loans and discounts
Real estate loans
Location

Secured
by farm
land (including
improvements)

Connecticut,. .

6

Loans to
Secured
brokers
Secured Loans
by resiand
by other to banks dealers
dential
properties properin securities
(other
ties
than
farm)

Other
loans for
the purpose of
purchasing or
carrying
stocks,
bonds,
and other
securities

Loans to
Commerfarmers
Other
cial and
directly
guaran- loans to industrial
farmers
loans
teed by
the Com- (exclud- (includmodity ing loans ing open
on real
market
Credit
paper)
Corpora- estate)
tion

280

Total
gross
loans

Less
valuation
reserves

Net
loans

332

22

930

12, 525
29

67, 278
326

502
1,301

2,656
1,253

90,168
3,887

237

89,931
3,887

242

6,965

12, 554

67,604

1,803

3,909

94,055

237

93,818

10

10
789

359
1,334

665
3,804

1,888
4,870

57
436

4,555
12,994

8

4,547
12,994

10

799

1,693

4,469

6,758

493

17, 549

8

17, 541

10

138

279
5
405

281
9
302

14
9
35

1,780
46
5,364

20

503

352
17
3,161

1,760
46
5,364

10

641

3,530

689

592

58

7,190

20

7,170

12, 574

1,440

5,230

73, 000

9,485

4,482

119, 724

265

119,459

22

120

32

373

5

368

73,022

9,605

4,514

120,097

270

119,827

7

142

563

273

563

273

441
283

902
956

223
522

724

1,858

745

49
3
440

555
3
387

101

Total M i d d l e Western
States

492

945

232

1

Total United States (exclusive of possessions) __

1,364

3,646

1,295

243

156

43

3,802

1,338

Georgia
Texas
Total Southern States.
_

_

Total United States and
possessions




1,364

s
s

930

238

6,965

45

142

Total Eastern States

Alaska

All other
loans
(including overdrafts)

242

New York___
Pennsylvania.

Indiana
Michigan
Iowa

Other
loans to
individuals for
personal
expenditures

1

131

243

6,965

6,965

12, 574

1,440

5,230

3

to
to

TABLE N O . 45.—Assets and liabilities of active private banks, Dec. 31,

1956—Continued

[In thousands of dollars]

Demand deposits
Certified Individuals,
Individuals,
States
and
partnerU.S.
and polit- Banks in Banks in
partnerU. S.
foreign cashiers' ships, and Governships, and Govern- ical sub- United
corporament divisions States countries checks,
corporament
etc.i
tions
tions

Location

138, 756
4,766

7

143, 522

New York
Pennsylvania

Postal
savings

States
and polit- Banks in Banks in
foreign
ical sub- United
divisions States countries

100
45

17,886

29,657

o

511

28,432
22

2,413
5,922

20

..

__

... .

.. _

Total Middle Western States
Total United States (exclusive of possessions)
Alaska
Total United States and possessions-

145

17,886

28,454

8.335

20

312

104
3,173

10
647

27
438

366
6,159

3

312

3,277

657

465

6,525

3

22
1

641
18
323

8

23

982

8

342

4,404

28,930

17,737

575

50

250

6

151

209, 725

392

4,654

28,936

17,888

18,543
18,543

29,657

29,657
29,657

o
F
F
H

3

972

500

1,750

3

972

500

1,750

»Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account).




1,750

2,366

209,150

500

732
203
1,431

13,828

1,750

952

4,936
149
8,743

500

15
937

50,031

Total Southern States

7

7,325
42, 706

Total Eastern States
Georgia
Texas..

o
w
*1

3

1,769

OOTiTlfiP'tifiJit

Indiana
Michigan
Iowa

Time deposits

REPORT OF THE COMPTROLLER OF THE

CURRENCY

229

TABLE NO. 46.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec. 31, 1956

Population
(approximate)

Location

Deposits of individuals, partnerships, and corporations (in thousands)
Total

Maine
New Hampshire
Vermont...
Massachusetts
Rhode Island
Connecticut
Total New England
States
New York....
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

852,232
736, 591
416, 762
8,732,945
1,134, 781
3,975,026

15,848,337

Demand

Time

Total

282,074
178,065
116,854
3,305,702
430,200
1,473,638

570,158
558,526
299,908
5,427,243
704, 581
2,501,388

$929.37
1,299.10
1,120.32
1.796.53
1.352.54
1,758.08

$307.61 $621.76
314.05
985.05
314.12
806.20
680.04 1,116.49

1,614.38

589.44 1,024.94

5,786,533 10,061,804

16,380.000
5,475,000
11,062,000
410,000
2,863,000
876,000

__
_-,

T o t a l Southern
States
Ohio
Indiana
Illinois.. I " . . . .
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western
States—




46,397,211 23,193, 545
6,499,857 3,040,278
12,873,151
7, 516,908
436,314
668,514
2,322,406
1,301,878
1,219.298

37,066,000

69,980,437

3,708,000
1,994,000
4,490,000
2,390,000

Total Eastern States-Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana..
Texas
Arkansas
Kentucky
Tennessee

917,000
567,000
372,000
4,861,000
839,000
2,261,000

9,817,000

._

2,244,830
932,060
1,

512.75 839.79
651.76 1,106.32

2,832.55 1,415.97 1,416.58
1,187.19
555.30
631.89
1,163.73
679.53
484.20
1,630. 52 1,064.18 566.34
356.45
329.88

36,419,246 33,561,191

1,887.99

982.55

905.44

874,578
311,039
471,477
119, 572
469,183
647,301
370,935
186,242
428, 733
1,201,394
178,778

369.54
311.44
315.23
242.37
366.55
566.86
323.20
291.54
473. 95
707. 51
383. 27
447.14

235.86
155.99
105.00
50.03
124.82
166.49

703, 542

605. 40
467.43
420.23
292.40
491.37
733.35
440.33
378.89
614.20
839.99
480.80
557.63
587.15

6,298,462

582.05

445.24

136.81

981. 56
3, 589,980
1,263, 571
810.35
4,079,324 1,370.94
3,119,607
896.00
1,474,741
896.36
1,371,189
960.00
725,000
828.21
1,001,334
975.95

592.49
528.43
944.01
488.53
510.10
542.72
561. 57
743.46

389.07
281.92
426.93
407.47
386.26
417.28
266.64
232.49

20,497,462

9,056,902
3, 632,012
9, 555,000 13,099,364
6,859,813
7,656,000
3, 422,305
3,818,000
3, 286,000 3,154, 553
2,251,908
2,719,000
4,203,401
4,307,000

5,466,922
2,368, 441
9,020,040
3, 740,206
1,947,564
1, 783,364
1. 526,908
3,202,067

45,050,000

Time

454.73
1,062.01

26,795,924

9,227,000
4,482,000

23,203, 666
3,459, 579
5,356,243
232,200
1,020, 528
288,975

Demand

811.18
1,391.89

3, 759, 000 1, 847,044
3,888,000
2,851, 249
3,167,000
1,394, 513
2,132,000
807,799
3,057,000
1, 877,603
9,068,000 7,617,074
1,833,000
881,303
3,038,000
1,694,095
3, 513,000 2,062,663
46,037,000

Per capita

45, 680,258 29,055, 512 16,624,746

1,013.99

644.96

117.13
87.35
140.25
132.48
97.53
110.49
200.27

230

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 46.—Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec. 31, 1956—Continued

Population
(approximate)

Location

Deposits of individuals, partnerships, and corporations (in thousands)
Total

357,401
353,822
1,028.036
1,208,507
447,455
193,362
986,736
317,908
1,462,619

141,185
140,705
158,369
317,883
157,119
79,919
378, 223
101,128
303,246

8,133, 623

6,355,846

2, 713, 000
1,745,000
13, 750,000
636,000
825,000
255,000
1,088,000

2,457, 516
1, 549, 858
16, 701, 720
465, 564
671, 559
251, 378
703,419

1,425, 212
888, 056
9, 290,345
295,176
393,348
152,181
504,811

21,012,000

Total Pacific States

498,586
494,527
1,186,405
1,526,390
604,574
273,281
1,364,959
419,036
1,765,865

10,670,000

Total Western States
Washington _
Oregon.
California
Idaho
Utah
Nevada
Arizona.

Time

668,000
707,000
1,432,000
2,138,000
647,000
328,000
1,655,000
831,000
2,264,000

North Dakota
_
South Dakota
Nebraska
Kansas
Montana.
Wyoming
._
Colorado
New Mexico
Oklahoma

Demand

22,801,014

12,949,129

Total United States (exclusive of possessions). 169,652,000
Alaska.
Canal Zone (Panama)
Guam
The Territory of Hawaii..
Puerto Rico
American Samoa
Virgin Islands of the
United States

166,000
38,000
50,000
534,000
2, 264,000
20,000

Total

Demand Time

746.39
699.47
828.49
713.93
934.42
833.17
824.75
504.25
779.97

535.03
500.46
717.90
665.25
691.58
589.52
596.22
382.56
646.03

1,777,777

762. 28

595.67

166.61

1,032,304
661,802
7,411,375
170,388
278, 211
99,197
198,608

905.83
888.17
1,214. 67
732.02
814.01
985. 80
646. 52

525.33
508.91
675. 66
464.11
476. 79
596. 79
463.98

380.50
379.26
539.01
267.91
337. 22
389.01
182.54

9,851,885

1,085.14

616.27

468.87

189, 239, 593 111, 063; 728 78,175,865

1,115.46

654.66

460.80

37,307
1,758
5,890
170, 518
111, 516
580

685.02
262. 58
234. 62
657.93
115.62
44.70

460.28
216.32
116.82
338.61
66.36
15.70

224.74
46.26
117.80
319.32
49.26
29.00

113, 713
9,978
11, 731
351,336
261, 753
894

76,406
8,220
5.841
180,818
150, 237
314

211.36
199.01
110. 59
148.68
242.84
243.65
228.53
121.69
133.94

24,000

9,753

3,518

6,235

406.37

146.58

259.79

3,096,000

759,158

425,354

333,804

245. 21

137.39

107.82

172, 748,000 189,998, 751 111, 489,082 78,509,669

1,099.86

645.39

454.47

Total possessions
Total United States and
possessions
-

Per capita




TABLE NO. 47.—Officials

of State banking departments and number of each class of active banks in December 1956
State commerciall

Names of officials

Location

Albert S. Noyes
Winfield J. Phillips
Alexander H. MiUer
Charles P. Howard
Alexander Chmielewski...
Henry H. Pierce, Jr

Maine
.
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

Titles

State Bank Commissioner
Bank Commissioner
Commissioner of Banking and Insurance. _
Commissioner of Banks
Bank Commissioner
.do
....

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

Private

Insured
Insured
Total
number
NonNonof
in- Members NonMembers Noninbanks Federal members sured Federal members sured
Reserve Federal
Reserve Federal
System Reserve
System Reserve
System
System

Noninsured

22
22

George A. Mooney
Charles R. Howell
Robert L. Myers.
R andolph Hughes
W H Kirkwood, Jr

Logan R. Ritchie
Mrs Nell W. Walker
_ WUliam W. Jones
C.V. Pierce
A. P. Persons
Ray E. Green
L. W. Gentry
W. P. McMuUan, Jr.
J. W. Jeansonne.
J. M. Falkner
Dick Simpson
S. Albert PhiUips
H. B. Clarke

Total
Southern
States.

See footnotes at end of table.



Commissioner of Banking
do
-Commissioner of Banks
Chief Bank Examiner
Superintendent of Banks
State Commissioner of Banking
Superintendent of Banks
State Comptroller
State Bank Commissioner
Commissioner, Department of Banking. _
_
State Bank Commissioner
Commissioner, Department of Banking. _
Superintendent of Banks

6
1
1
24
1
13

15
11
25
33
2
34

7
12
1
6
2
8

10
12
7
1
6
5

188
2
66

2

46

120

36

41

300

2

323
125
289
22
102
9

130
59
91
2
12
5

53
40
177
17
81
4

9
3
9
1
1

129
23
7
1
7

1
1

870

Superintendent of Banks
- .
Commissioner of Banking and Insurance._
Secretary of Banking
_
_
State Bank Commissioner
Bank Commissioner..
. . ._
_-

60
58
34
252
13
128
545

Total New England
States.
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total
Eastern
States.

Mutual savings

299

372

23

167

2

180
106
167
121
346
167
168
169
139
493
182
276
224

71
36
6
6
13
12
25
7
11
127
19
20
9

109
66
160
106
287
150
143
159
127
338
158
243
208

3
1
17
5
13
7

11

2,738

362

2,254

73

49

4
1
9
8
5

2
5

7

38

TABLE NO. 47.—Officials of State banking departments and number of each class of active banks in December 1956—Continued
State commercial1

Ohio
Indiana

Names of officials

Superintendent of Banks
Director, Department of Financial Institutions.

Paul TTinklft

Joseph McCord
Elbert S. Smith
- - Alonzo L. Wilson
G.M.Matthews

Illinois
Michigan
Wisconsin
Minnesota
Iowa ._
N. P. Black .
Missouri
J. A. Rouveyrol
Total Middle Western States.

North Dakota
G. H. Russ, Jr
Gorden H. Maxam
South Dakota
J. Floyd McLain
.
Nebraska _.
Kansas
_
R. B.Medlin
Montana
R. E. Towle
Wyoming
Norris E. Hartwell
Colorado..
Frank E. Goldy
New Mexico
F. F. Weddington
Oklahoma..
0. B. Mothersead
Total
Western
States.
Washington
R. D Carrell
Oregon
Marshall A. Case
California
William A. Burkett
Idaho
R. U. Spaulding
flftth H r V n n n g
Utah .
.
Nevada
Grant L. Robison
Arizona
D. 0. Saunders
.
Total Pacific States
Total United States
(exclusive of possessions).




Total
Insured
numNonber
inof
Members Nonbanks Federal members sured
Reserve Federal
System Reserve
System

Titles

Members NonFederal members
Reserve Federal
System Reserve
System

391
351

Superintendent of Banking
Commissioner of Finance

State Examiner _ .
Superintendent of Banks
. . Director of Banking
.
State Bank Commissioner
SuDerintendent of Banks
State Bank Commissioner
State Bank Examiner
Bank Commissioner

.

Supervisor of Banking
Superintendent of Banks
_ *do
Commissioner of Finance
Bank Commissioner
Superintendent of Banks
do

..

...
_ .__

.

220
2 229

2
3

1

3
2

535
333
460
505
571
534

128
153
69
29
70
99

401
173
381
465
457
413

6
6
6
10
37
3 22

2

1
1

825

2,739

92

3

116
137
298
428
74
28
93
26
189

2
26
17
44
44
15
18
8
25

109
111
242
334
29
13
61
18
156

1,389

do

166
111

3,680

Commissioner, State Banking Department.
-.. Commissioner of Banks.

Private

Insured

199

1,073

70
40
90
23
41

3
7

11
7
33
8
14
2
1

52
30
50
15
26
1
5

274

76

179

14

9,496

1,807

6,737

355

Noninsured

Noninsured

117
•"4 tOCO

Location

Mutual savings

1
1

4
1
7

7

2

12

304

70

5
39
50
1
14
8

4
1

1
1
5

3

220

Secretary, Territorial Banking Board
Supervising Bank Examiner
Treasurer

Alaska
The Territory of Hawaii..
Puerto Rico
Amfirifian Samoa
Virgin Islands of the
United States.

5
3
7
1

33

Total possessions
Total United States and
possessions.
1
3
8

11
9
10
1
2

9,529

5
6
3
1

16
1,807

370

1
1

1

305

71

15

6,753

1

3

220

Includes stock savings banks.
Includes 1 private bank.
Includes 1 trust company which is a member of the Federal Reserve System.

s

TABLE N O . 48.—Assets and liabilities of all active banks, Dec. 31, 1936 to 1956
[Amounts in thousands of dollars]
Number
of banks

1937.
1938.
1939.
1940.
1941.
1942.
1943.
1944.
1945
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953
1954
1955
1956.

15,704
15,463
15, 265
15,096
14,956
14, 885
14, 722
14, 621
14, 579
14, 598
14,633
14, 755
14,735
14, 705
14,666
14, 636
14, 596
14, 538
14,388
14,265
14,188

Loans and U. S. GovOther
discounts,
ernment
bonds,
including obligations,
stocks,
overdrafts direct and
and
guaranteed securities
21,613, 328
22,342,879
21, 535, 406
22,374, 700
23,967, 476
26,838,365
24,001,146
23, 674, 539
26,101,639
30,466, 867
35, 822,868
43,231,136
48,452,743
49,828,162
60, 711,146
68,000, 966
75,928, 803
80,920,155
86,058, 272
100, 575,185
110,632,011

17,497,059
16, 660,068
18, 002,042
19, 447,464
21,028, 798
25, 553,809
46, 059, 111
66, 259,384
86,414,755
101, 904,073
87,093, 517
81, 636,938
74,462,553
78, 753, 673
73,188, 217
71, 595,087
73,010,835
72,872,466
78, 004,064
70,309,691
66, 795, 281

10,700,905
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
20, 556,588

Cash

15, 871, 668
15,065,962
18,373, 644
22,197,935
26,846,418
25,942,377
27,371, 581
26,999,933
29,175, 791
33, 589, 693
32,995, 748
36,167,173
37,490,369
34,490, 538
38, 892, 739
42,826,197
42, 825,197
2,690,476 43,301,133
2, 657,128 42,097,116
2, 873,239 45,105, 892
3,454,476 46,382,257
1,025, 586
907,871
(4)
1,196, 539
1,407,364
1, 545,018
1,463,836
1,612, 252
1,801,370
2,025,088
2, 221, 793
2,392,970
2,145,156
2,185, 256
2,343,064
2,890,421

»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 *

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
4,144, 714

Total assets

70,110, 711
68,077, 758
70,833, 599
77, 575,257
85, 571, 902
91, 453,694
109, 542, 577
128,121, 978
152, 947,184
178,351,075
169, 406,362
176, 024,102
176,075,430
180, 043,113
192, 240, 673
203, 862, 623
214, 830, 603
221,132, 803
232, 684, 756
243,105,011
251,965, 327

Capital 2

Surplus
and
undivided
profits 3

Total deposits

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
5,007,583

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
14,342,869

61,155,014
59,109,903
61,907, 761
68, 566,043
76,407,885
82, 233, 260
100, 265,638
118,336,126
142,310, 824
166, 530,093
156, 801,396
162, 728, 682
162,041,389
165, 244,044
176,120,158
186, 603, 665
196,431,356
201, 978, 297
212,030,341
221,391, 573
228, 578,958

Bills payable and
Other
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
32,915
174,195
88,202

O

o

756,126
744,095
680, 298
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
3,947, 715

Back figures.—See reference 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.

I

fcO
CO
CO

TABLE N O . 49.—Assets and liabilities of all active national banks, Dec. 31, 1936 to 1956
[Amounts in thousands of dollars]

Number
of banks

1936 . .
1937
1938
1939
1940 .
1941
1942 .
1943
1944
1945
1946
1947..1948
1949
1950
1951
1952
1953
1954
1955
1956

_.

-_.

__

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
4,659

Loans and U. S. GovOther
discounts,
ernment
bonds,
including obligations,
stocks,
overdrafts direct and
and
guaranteed securities
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
48, 248,332

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
31,680,085

4,094,490
3, 690,122
3,753,234
3,737,641
3,915,435
3,814,456
3,657,437
3,325,698
3,543, 540
4,143,903
4, 799,284
5,184, 531
5, 248,090
5,937,227
7,331,063
7,887, 274
8,355,843
8, 621,470
9,425,259
9,166, 524
8,823,307

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
1, 706, 507

Balances
with other
banksl

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
25,375,990

* Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
Back figures.—See reference in heading of table 47, p. 191, in 1953 annual report, to
reports containing figures since 1863.




Other
Total 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
1,867, 761

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
117, 701,982

Capital

1,598,815
1, 577,831
1, 570,622
1,532,903
1,527,237
1, 515, 794
1, 503,682
1, 531, 515
1, 566,905
1,658,839
1, 756, 621
1,779, 766
1,828, 759
1, 916,340
2.001, 650
2,105,345
2, 224,852
2,301,757
2,485,844
2,472,624
2, 638,108

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
5,834,024

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
L04,217,989
107,494,823

Bills payOther
able and
liabilities
rediscounts,
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
18,654

281,760
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
1,716,373

NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.

W

8

TABLE N O . 50.—Assets and liabilities of all active banks other than national, Dec. 81, 1936 to 1956
[Amounts in thousands of dollars]
Loans and U. S. GovOther
Num- discounts, ernment
bonds,
ber of including obligations, stocks,
and
banks overdrafts direct and
guaranteed securities
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956

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
9,529

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
62,383, 679

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
35,135,196

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
11, 733,281

Capital

Cash

507,083
485,381
(3)
580,841
688, 565
758, 517
730,337
804, 283
896,870
1,016,444
1,127, 072
., 224,928
., 104,393
, 125, 593
, 195, 995
,471,857
., 492, 545
L, 398, 222
,377,957
]L, 484,989
1, 747,969

Balances
with other
banks l

Other
assets

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
21,006, 267

2,369,838
2, 294,808
2, 246, 797
2,050,022
1, 903, 988
1, 641, 584
1,487, 532
1, 295, 540
1, 064, 945
956,378
898, 702
954, 500
989,844
1, 044, 755
1,162, 407
1, 299,768
1,356, 616
1, 479,127
1, 679,684
1, 917,176
2, 276, 953

1 Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
* Not called for separately. Included with "Balances with other banks."




Total
assets

39,046,049
37,973, 528
39,167,422
42, 256,000
45, 837,940
47,915, 460
54,761,599
63, 590,061
75, 997,325
87,815,319
84, 556,099
87, 577,102
87,940,378
89, 803,934
95,000, 580
101,124,063
106, 697,860
111, 016,104
116, 534,187
129,354, 724
134, 263,345

Capital
stock

1,489,354
1,471, 533
1,459,015
1,450,873
1, 420,148
1,410, 373
1,382, 507
1,389, 943
1,403, 725
1,456,449
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
2,319,177

Surplus

notes
and
debentures

and
undivided
profits 2

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
50, 298

3,277,115
3, 283,467
3, 258, 913
3, 297,432
3,329, 878
3, 327,471
3, 384,964
3, 606,164
3, 932, 206
4,427,345
4, 745,301
5, 013, 240
5, 288, 479
5, 598,858
5, 918, 277
6, 301,489
6, 602, 823
6, 927,898
7,317,652
8,040,031
8, 508,845

Bills pay-

Total
deposits

33, 546,617
32, 569, 209
33, 857, 085
36,953,051
40, 555, 461
42, 678, 488
49, 616,822
58,179, 945
70,181,887
81,287,146
77, 751, 557
80, 453, 326
80, 393,373
81, 899, 726
86, 590, 526
92,172,104
97,173, 580
101, 031,064
105, 884, 528
117,173, 584
121,084,135

able and
rediscounts,
etc.

Other
liabilities

53,752
39,977
31,004
22,669
21, 933
18, 815
15,122
43, 495
71, 444
149,181
28,356
29,479
22,990
19, 633
17,963
28,524
120,313
51, 952
21, 817
66,399
69, 548

474,366
435, 596
398, 549
390, 227
387,386
372,119
262,982
280,372
325, 743
423,118
488,037
518, 223
641,100
653,326
805, 215
887, 285
1,009, 200
1,133, 240
1,367,840
1,840,364
2, 231,342

!

s
o
o

P
o
•=1

NOTE.—Reciprocal interbank demand balances with banks in the United States
are reported net beginning with the year 1942.
Backfigures.—Seereference 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.)

to
00

TABLE NO. 51.—Summary of status, progress, and results of liquidation of all national banks * placed in charge of receivers from the date of the
first national bank failure, Apr. 14, 1865, to Dec. 31, 1956 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 completely
liquidated to Oct. 31,1933, and for accounting purposes, dividends paid secured
creditors of all trusts finally closed Oct. 1,
1924, to Oct. 31, 1929) .
Offsets allowed and settled (against assets) __
Losses on assets compounded or sold under
order of court
Book value of assets returned to shareholders' agents
_.
Book value of remaining assets
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
Disposition of collections:
Dividends paid by receivers to unsecured
creditors (including dividends paid to
secured creditors for 815 banks completely
liquidated to Oct. 31,1929)
Dividends paid by receivers to secured creditors (unavailable as separate item for 815
banks completely liquidated to Oct. 31,
1929)




In process
of liquidation

Total

3 2,821

1

$3,737,811,321

$6,804,589

2,216,170,276
253,721,541

4,642,952
286,346

2,220,813,228
254,007,887

1,686,757

1,225,078,449

3 2,822

District of Columbia2 nonnational banks
Completely In process
liquidated of liquidaand finally
tion
closed
<15

Total

4

15

«2,806
$3,710,668,304

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

42,786,982
242,607

26,486

26,486

42,760,496
• 54,073

42,786,982
• 54,073
3,737,811,321

188,534
6,804,589

3,744,615,910

27,143,017

27,143,017

2,216,170,276
179,266,883

4,642,952
503, 777

2,220,813,228
179,770,660

18,624,923
619,261

163,238,510
253, 721, 541
233,649

485, 505
286,346

163,724,015
254,007,887
233,649

2,812,630,859

5,918,580

1,412,893,997

3,567,759

34,624,491

Completely
Uquidated
and finally
closed

$27,143,017

$3,744,615,910 $27,143,017

CO

National banks
In process
of liquidation
1

Total

S
S

»2,807

$6,804,589 $3,717,472,893

4,642,952
286,346
1,686,757

2,202,188,305
251,917,992

3

1,220,363,493
42,760,496
242,607

3,710,668,304

188,534
6,804,589

3, 717,472,893

18,624,923
619,261

2,197,545,353
178,647,622

4,642,952
503,777

2,202,188,305
179,151,399

1,429,275
2,089,895

1,429,275
2,089,895

161,809,235
251,631,646
233,649

485,505
286,346

162,294,740
251,917,992
233,649

2,818,549,439

22,763,354

22,763,354

2,789,867,505

5,918,580

2,795,786,085

1,416,461, 756

10,893,071

10,893,071

1,402,000,926

3,567,759

1,405,568,685

34,624,491

35,202

35,202

34,589,289

34,589,289

1

g
to
w
§
I
i,
-*
i_i
cs>

Distributions by conservators to unsecured
creditors
Distributions by conservators to secured
creditors
Payments to secured and preferred creditors
(including disbursements for the protection of assets for 597 banks completely
liquidated to Oct. 31,1926).__
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
(unavailable as separate item for 597 banks
completely liquidated to Oct. 31,1926)
Payments of receivers' salaries, legal and
other expenses
Payments of conservators' salaries, legal and
other expenses
Amounts returned to shareholders in cash...
Cash balances in hands of Comptroller and
receivers.Total.

209,124,039

209,124,039

2,838,102

2,838,102

206,285,937

206,285,937

1,372,006

1,372,006

10, 750

10,750

1,361,256

1,361,256

704,462,893

1,450,782

705,913,675

4.901,281

4,901,281

699, 561, 612

1,450,782

701,012,394

253, 721, 541

286,346

254.007,887

2,089,895

2,089,895

251,631,646

286,346

251,917,992

8,055,082

14,888

8,069,970

18,839

18,839

14,888

8,051,131

169,784,268

445, 620

170.229,888

1, 767, 254

1, 767,254

168,017,014

445, 620

168,462,634

10,970, 725
7,600,970

45,597

11,016,322
7,600,970

201,010
7,950

201,010
7,950

10,769,715
7,593,020

45,597

10,815,312
7,593,020

• 20,847

107,588

128,435

22,763,354

22,763,354

2, 789,867, 505

5,918,580

2,795,786,085

7 402,912, 595 8 2,352,920

8 2,352,920

»399,759,675

800,000

»400,559,675

• 20,847

107,588

128,435

2,812,630,859

5,918,580

2,818,549,439

' 402,112,595

800,000

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).

176,392,631
170,552,785
328,273,807
2,374,374,873
514,333,874

800,000
4,165,850

97,105,575
2,123,146,487

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..

78.09
87.62

176,392,631

6.71

176,392,631
176,392,631
170, 552, 785
1,912,920
329,073,807
2,378,540,723 19,147,196
515,478,134
5,194,938

1,912,920
19,147,196

82,118
3,638,730

97,187,693
2,126, 785, 217
______

809,871
17,850, 201

97.50

78.13

77.18

78.10

87.64

82.57

87.66

6.72

8.73

6.70

1,144,260

8.30

' 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.
< Does not include 1 bank restored to solvency.
s 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,




176,392,631

176,392,631

5,194,938

176,392,631
170, 552, 785
326,360,887
2,355, 227,677
509,138,936
96, 295, 704
2,105, 296, 286
:

800,000
4,165,850

176.392,631
170, 552, 785
327,160,887
2,359,393,527

1,144, 260

510,283,196

82,118
3,638,730

96,377,822
2,108,935,016

97.50

1

78.13
87.68

8.30

6.70

7 Includes $23,100,000 capital stock of 159 banks restored to solvency.
8 Includes $50,000 capital stock of 1 bank restored to solvency.
$23,050,000 capital stock of 15S banks restored to solvency.
Does not include 3 banks placed in receivership subsequent to the Federal Deposit
Insurance Act of 1950 (Public Law 797) approved Sept. 21,1950.
9
Including
10

3

1
to
00

TABLE NO. 52.—Number and deposits of national and District of Columbia nonnational banks 1 placed in receivership, period Apr. 14, 1865
to Dec. 31, 1956, by groups according to percentages of Dividends paid to Dec. 31, 1956 8

8
00

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 1956 (2,980 banks):
Apr. 14, 1865, to Oct. 31, 1930—
data for individual annual report years unavailable; deposits prior to 1880 unavailable for
84 hanks (Q74 hanks)

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. L, 1943, to Dec. 31, 1943
Jan. L, 1944, to Dec. 31, 1944
Jan. L, 1945, to Dec. 31, 1945._._..
Jan. ] 1946, to Dec. 31, 1946
L,
Jan.]L, 1947, to Dec. 31, 1947
_
Jan. ] 1948, to Dec. 31, 1948
L,
Jan. L, 1949, to Dec. 31, 1949
Jan. ] 1950, to Dec. 31, 1950
L,
Jan. ] 1951, to Dec. 31, 1951
L,
Jan. ] 1952, to Dec. 31, 1952....,
L,
Jan.]L, 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

Dividends paid,
25 to 49.9 percent
Number of
banks

Deposits

208 $77,296,606

163 $64,572,547

211 $66,952,690

156 $45,465,025

6
1,994,080
11 15,873,316
8
4,412,925
8
4,431, 721
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 5,323,140
16 5, 549,989
13 5,826, 514
18 8,517,835
29 11,801,668
46 12.246,387
80 38,690,969
110 54,346,379
61 58,631,031
36 43. 639,246
39 68, 673,118
46 248,608,395
8 75,837,758
1 4,613,782
2
2,390,914
2
616, 710
1 26,966. 990
1
421,461
1 2,015,717

22
33
21
17
34
56
85
106
42
38
6 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

29
27
15
8
30
43
3 51
48
21
15

1
1
1

183,818
305,253
2,299,269

1

1,204,158

2

5,058,728

no

14
5
1
1

8,497.657
10,027,603
6,902,413
1,451.334
9,062, 628
12, 556,918
19, 594, 780
16,991. 046
10,103, 204
9,332,899
10, 540, 731
52,025, 720
24, 606,118
141,119

Dividends paid,
less than 25 percent
Number of
banks

Total banks

Restored Total
to sol- all
vency banks
banks 2
Num- Number of ber of
banks banks

Deposits

Number of
banks

159 $30,828,899

897

$285,115,767

77

974

5,589,946
2,250,071
3,095,192
1,657,228
4,319,951
4,452, 292
7,420, 214
6,158, 246
2, 269,805
8,005, 471
8,201,086
1, 584,920
1,944,442

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

18
10
12
13
31
29
38
24
9
4
4
4
3

1

1

Deposits

1

Jan. 1,1954, to Dec. 31, 1954
Jan 1 1955 to Dec 31, 1955
Jan 1,1956, to Dec. 31,1956
Total 1931-56 (2,006 banks)
Active receiverships as of Dec. 31,
1956 (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

* Including building and loan associations.
2 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.
8
Exclusive of 1 receivership finally closed during the year ended Oct. 31,1928, but
reopened as a receivership during the year ended Oct. 31,1940, and again closed during
the year ended Oct. 31,1941.




318 191,834,170

4,165,850
474, 237,299,195

359

87,777,763

82

2,822 2,378,540,723

2,006
1

4,165,850
159

2,981

« 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 3 banks placed in receivership subsequent to the Federal Deposit
Insurance Act of 1950 (Public Law 797) approved Sept. 21, 1950.

3

fel

8
g

3

a

CD

240

REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 53.—National bank in charge of receiver during the year ended
Dec. 31, 1956

Name of bank: Salt Springs National Bank, Syracuse, New York *
(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, 620
Cash in hands of Comptroller and receiver
107, 588
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. 30

Date finally closed
* Formerly In conservatorship.
NOTE.—Liquidation activity for the current year was limited to payments of receivers' salaries, legal
and other expenses in the amount of $302.




REPORT OF THE COMPTROLLER OF THE CURRENCY

241

TABLE NO. 54.—National bank placed in charge of receiver during year ended
Dec. 81, 1956 l

Name of bank: Home National Bank, Ellen ville, New York
(Receivership No. 2968)
Charter number
2117
Date of organization
May 6, 1873
Date receiver appointed
Dec. 4, 1956
Capital stock at date of failure
$280, 000
Deposits at date of failure
$6,520,000
i 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.




TABLE NO.

55.—Bank suspensions ,since inauguration of Federal deposit insurance, years ended Dec. 81, 1934 I o 1956
Capital stock (in thousands of dollars) 1

Number
Year ended
Dec. 3 1 -

1934
1935
1936
1937
1938
1939
1940 —
1941
1942 .
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
Total

-.
.

All
banks

Member banks
National

57
34
44
58
56
42
22
8
9
4
1

1
4
1
3
1
4
1
4

Nonmember banks
Insured

State

2
1
3

2

8
22
40
47
47
25
18
3
6
2
21

Noninsured
48
8
3
6
7
10
3
1
3

All
banks

Member banks
National

3,822
1,518
1,961
3,435
2,467
5,309
1,587
496
327
708
32

State

25
405
88
685
25
220
82
360

671
25
3,600

650

Deposits (in thousands of dollars)

Nonmember banks
Insured
416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32

Noninsured
3,381
480
195
75
365
285
53
18
55

4
1
3
3
4
3
4
3

44
8
1

125

63
«1
"I
13 2

14 2
16 1

18 1

120
52
750
45
140
550

75
280

361

24

103

23,444

2,895

7

227

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 1 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.
• 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.
8 Commercial bank located in the State of Georgia.
• Commercial bank located in the State of Illinois.
i° Commercial banks located in the State of Illinois.




National
42
5,399
524
3,825
36
1,323
257
3,141

State

1,708
211
24,629

5,059

Nonmember banks
Insured
1.912
3,763
10,207
10,156
11,721
6,589
5,341
503
1,375
1,241
405

Noninsured
34,985
939
592
480
1,869
2,439
346
79
327

4,606
6,520

2,443
42
3,113
135
390
1,950

20

2,443
42
3,113
1,414
44,802
2,880
6,498
11,823

5,207

214,605

30, 732

125

200

4,496

37
550
25
65
250
10, 846

120
15
20

19,478

46,026

1,279
24,934
930
1,892
4,703
86,951

600
50,896

" Commercial bank located in the State of Colorado.
Commercial bank located in the State of Kentucky.
« Comprises a private bank in the State of Georgia (capital and deposit figures not
available); and a commercial bank in the State of Kansas with capital of $20,000 and
total deposits of $1,950,000.
" 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.
" Located in the State of New York.
" Commercial bank located in the State of Texas.
is Commercial bank located in the State of Kansas.
NOTE.—Figures for banks other than national furnished by Board of Governors of
the Federal Reserve System, and represent associations closed to the public, either
temporarily or permanently, by supervisory authorities or directors of the banks on
account of financial difficulties. In the case of national bank suspensions these
represent actual failures for which receivers were appointed.
12

H

o

8
167

31

72
102
12 1
16 2

36,939
10,101
11,323
16,169
13,837
34,980
5,944
3,723
1,702
6,300
405

Member banks

167

1

»1

All
banks

I
I

fef

O

INDEX
Page

Affiliates of national banks, number reporting as of December 31, 1956
64
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1955 and 1956
61-63
December 31, 1956, by classes of banks in each State
188-228
December 31, 1956, summary by classes of banks
186-187
December 31, 1936-56
233
Distribution of, December 31, 1956
1
Per capita demand and time deposits of individuals, partnerships,
and corporations in, December 31, 1956, by States
229-230
Suspensions. (See Failures of banks.)
Assessments: Upon shareholders of insolvent national banks
237, 240
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1955 and 1956
61-63
December 31, 1956, by States
188-195
December 31, 1956, summary by classes of banks
186-187
December 31, 1936-56
233
National banks:
Call dates in 1956, summary and by States
56-57, 97-148
December 31, 1956, by States
196-203
December 31, 1936-56
234
Principal items of, according to size of banks (deposits), December 31, 1955 and 1956
91
State banks (see also District of Columbia):
All banks combined:
December 31, 1956, summary and by States
204-211
December 31, 1936-56
235
Mutual savings: December 31, 1956, summary and by States
186187, 220-224
Private: December 31, 1956, summary and by States
186-187, 225-228
State commercial: December 31, 1956, summary and by States
186-187,
212-219
Bank Currency. (See Federal Reserve notes; National bank circulation.)
Bank examinations. (See Examinations conducted.)
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, 1956
1
Insured and uninsured, December 31, 1956
1
Member banks of Federal Reserve System, December 31, 1956__
1
Number of:
December 31, 1956, by States
188-189
December 31, 1936-56
233
Suspensions. (See Failures of banks.)
243




244

INDEX

Banks—Continued
Page
Insured commercial banks: Number of, December 31, 1956, by classes.
1
National banks:
Branches. (See Branches of national banks.)
"Calls" for reports of condition of, dates, 1914-56
93
Examination of. (See Examinations conducted.)
Failures. (See Failures of banks.)
Number of:
Call dates in 1956
56
Call dates in 1956, by States
97-148
December 31, 1956, by States
196-197
December 31, 1936-56
234
Nonmember banks of Federal Reserve System, December 31,
1956
1
With surplus fund equal to or exceeding common capital stock
1942-56
92
With surplus fund less than common capital stock 1942-56.
92
Number of banks which have been absorbed since 1950
17
State and private banks:
Number of:
December 31, 1956, by States
204-205, 212-213, 220, 225
December 31, 1936-56
235
Supervisors of, name and title of in each State, December 31,
1956
231-233
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1956
1
Bank suspensions. (See Failures of banks.)
Borrowings. (See Assets and liabilities of banks.)
Branches:
National banks:
Domestic:
Number and class of, closed in year 1956
90
Number authorized and closed in year 1956, by States.- 85-89, 90
Number of branches operated in United States and possessions, as of December 31, 1956
14
Foreign:
Location and summary of assets and liabilities of, December
31, 1956
174,175
Number in operation December 31, 1956
175
Statements relative to
14,17
"Calls" for reports of condition of national banks, dates of 1914-56
93
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks: Ratios.)
Capital stock of banks:
All banks:
December 31, 1956, by States
190-191,194-195
December 31, 1936-56
233
National banks:
By size of banks (deposits), December 31, 1955 and 1956
91
Call dates in 1956, by States
97-148
Chartered in each State, in year 1956
73-74
December 31, 1956, by States
198-199, 202-203
December 31, 1936-56
234



INDEX

245

Capital stock of banks—Continued
National banks—Continued
Page
Failed banks in charge of receiver, in year 1956_
___ 237, 240, 241
Incident to consolidations with State and national banks, in
year 1956.
76, 77, 78-81
Increase during 1956 and since 1947
9,60-61
Liquidated banks, in year 1956
60-61, 75
Preferred stock:
Retirable value of, on call dates in 1956
57
Total outstanding, December 31, 1956
60-61
State and private banks:
December 31, 1956, by classes of banks and by States
187,
210-211,218-219,226
December 31, 1936-56
235
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
_
71
Deputy Comptrollers, names of, since organization of the Bureau and
periods of service
71
Examinations conducted
65
Expenses of, in year 1956
55
Issue and redemption of notes
64-65
Liquidation of insolvent national banks
21
Organization and staff
52-55
Personnel
52-55
Condition of banks. (See Assets and liabilities of banks.)
Consolidations and mergers of banks:
Number and total resources, National and State-wise, 1950-56
17
Under act November 7, 1918, as amended:
Consolidations under sections 1, 2, and 3:
List of, in year 1956
78-81
Number of in each State
72-73
Mergers under sections 4 and 5:
List of, in year 1956
82-84
Number of in each State
72-73
Statements relative to
15-18, 60-61
Under Public Law 706, August 17, 1950:
List of, in year 1956
76
Number of in each State
72-73
Statements relative to
15-18, 60-61
Conversions of banks:
Number and total resources, National and State-wise, 1950-56
17
Under Public Law 706, August 17, 1950:
List of, in year 1956
76
Number of in each State
72-73
Statements relative to
15-18,60-61




246

INDEX

Demand deposits. (See Deposits.)
Deposits (see also Assets and liabilities of banks):
Page
All active banks, December 31, 1936-56
233
Demand and time in all active banks, by classes in each State, December 31, 1956
194-195, 202-203, 218-219, 224, 228
National banks, at date of failure
237, 240, 24]
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1956, by States
229-230
Postal savings:
In all banks, December 31, 1956, by States
194-195
In each class of banks, December 31,1956, by States. _ 202-203, 218-219
In national banks, call dates in 1956, by States
97-148
Size of national banks, according to, December 31, 1955 and 1956
91
Suspended banks. {See Failures of banks.)
United States Government:
In all banks, December 31, 1956, by States
194-195
In each class of banks, December 31, 1956, by States
202203, 218-219, 224, 228
In national banks, call dates in 1956, by States
97-148
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1956
105,178,179
December 31, 1956
176-177
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years 1937-56
183, 184-185
Years 1955 and 1956, by classes of banks
180-181
Ratios:
Years 1937-56
183,184-185
Years 1955 and 1956, by classes of banks
181
Years 1955 and 1956, by classes of banks
180-181
Fiduciary activities of banks in, December 31, 1956
185
Receiverships of nonnational banks in
236-237
Reports required from banking associations in, year 1956
63
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 1956
167-169
By Federal Reserve districts, year 1956
164-166
By States, year 1956
156-163
Losses charged off on loans and securities:
Years 1937-56
173
Year 1956, according to size of banks (deposits)
168-169
Ratios:
Dividends to capital stock and capital funds, years 1930-56
172
Net profits before dividends to capital stock and capital funds,
years 1930-56
_
172
Net earnings from current operations and net profits before
dividends per $100 of deposits, year 1956
169
Net earnings from current operations, net profits before dividends,
and cash dividends per $100 of capital funds, year 1956
169
Salaries and wages of officers and employees:
By size of banks (deposits), year 1956
167
Years 1954-56
...
170




INDEX

247

Earnings, expenses, and dividends of national banks—Continued
Page
Summary, years 1954-56
170-171
Trend in, since 1953
9-10
Employees. (See Comptroller of the Currency, Office of; Officers and
employees of national banks.)
Examinations conducted: Number in year 1956
65
Examiners and assistant examiners: Changes in number, in year 1956
52-53
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 1934-56
242
National banks:
Assessments against stockholders
237, 240
Banks in charge of receiver in year 1956
21, 240, 241
Capital at date of failure
237, 240, 241
Circulation outstanding at date of failure
237
Closed and active receiverships to December 31, 1956
236-241
Costs of liquidation of receiverships terminated
237, 240
Deposits at date of failure of banks in charge of receiver in year
1956
237, 240, 241
Dividends paid to creditors to December 31, 1956
236, 238^239, 240
Number, capital, and deposits: Since inauguration of Federal
deposit insurance, years 1934-56
242
Number of, by States, since beginning of system
72-73
Receipts and disbursements of Division of Insolvent National
Banks to December 31, 1956
236-237, 240
Receivership liquidation to December 31, 1956
236-240
Receiverships terminated, 1865-1956
236-237
State banks:
In District of Columbia to December 31, 1956
236-237
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-56
242
Federal Deposit Insurance Corporation (see also Failures of banks):
Classification of insured and uninsured banks, December 31, 1956
1
Federal Reserve notes: Issue and redemption of, in year 1956
64
Fiduciary activities of national banks:
By Federal Reserve districts, December 31, 1956
151
Classification of investments under administration segregated according to capital of banks, December 31, 1956
152
Comparative figures of activities, 1951-56
155
December 31, 1956, by States
152-155
December 31, 1956, segregated according to capital groups
149-150
Statement relative to
19-21
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 31, 1956
174, 175
Government bonds. (See Investments; United States Government
securities.)
Holding company affiliates of national banks: Number of, December 31,
1956
64
Insolvent banks. (See Failures of banks.)



248

INDEX
Page

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, 1956, by States
188-189
December 31, 1956, by classes of banks
186
December 31, 1936-56
233
National banks:
By size of banks (deposits), December 31, 1955 and 1956
91
Call dates in 1956, summary and by States
56, 97-148
December 31, 1956, by States
196-197
December 31, 1936-56
234
Losses charged off on:
According to size of banks (deposits), year 1956
168-169
Year 1956, by States and Federal Reserve districts. 160-161, 165
Years 1937-56
173
Summary classification by maturities in 1956
8
State and private banks: December 31, 1956, by classes of banks and
by States
186, 204-205, 212-213, 220, 225
Legislation enacted:
Public Law 854, approved July 31, 1956, increased the compensation
of the Comptroller of the Currency
52
Public Law 896, approved August 1, 1956, extended the applicability
of all Acts of Congress relating to national banks to Guam
52
Section 5136, U. S. R. S., amended to provide that the limitations
and restrictions therein contained as to dealing in, underwriting
and purchasing for its own account, investment securities shall not
apply to obligations issued by the 13 banks for cooperatives
51
Section 5146, U. S. R. S., amended to require two-thirds of directors
to live within State or 100 miles of bank
51
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
51
Legislation proposed:
Comments relative to
21-51
Liabilities. (See Assets and liabilities of banks.)
Liquidation of national banks (see also Failures of banks):
Capital, date, and title of banks, in year 1956, with names of succeeding banks in cases of succession
75
Number of banks, in each State, since beginning of system
72-73
Summary, in year 1956
60-61
Litigation involving Comptroller of Currency, pertaining to national
banks
52
Loans and discounts of banks:
All banks:
December 31, 1956, classification of, by States
192-193
December 31, 1956, classification of, by classes of banks
186
December 31, 1936-56.._
233
Consumer debt, comments relative to
4



INDEX

249

Loans and discounts of banks—Continued
National banks:
Page
By size of banks (deposits), December 31, 1955 and 1956
91
Call dates in 1956, summary and by States
56, 97-148
December 31, 1956, classification of, by States
200-201
December 31, 1936-56
234
Interest and discount earned on:
According to size of banks (deposits), year 1956
167
Year 1956, by States and Federal Reserve districts.- 156-157, 164
Years 1954-56
170
Losses charged off on:
According to size of banks (deposits), year 1956
168-169
Year 1956, by States and Federal Reserve districts. _ 160-161, 165
Years 1937-56
173
Real estate loans of:
December 31, 1956, by States
200-201
Statement relative to
4
Reserve for bad debt losses on
11
State and private banks: December 31, 1956, classification of, by
States
208-209, 216-217, 222, 227
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, 1956, by States
220-224
Insured, December 31, 1956
1, 231-232
Uninsured, December 31, 1956
1,231-232
National bank circulation:
Outstanding at date of failure, and lawful money deposited to secure
circulation, of national banks in charge of receivers, 1865-1956
237
Outstanding, December 31, 1956
61
National bank examiners. (See Examiners and assistant examiners.)
National banks:
Affiliates of, number, December 31, 1956
64
Assets and liabilities of:
Call dates in 1956, by States
97-148
December 31, 1956, by States
196-203
Principal items of, according to size of banks (deposits), December
31, 1955 and 1956
91
Principal items of, December 31, 1936-56
234
Branches. (See Branches.)
By size of banks, on basis of deposits, December 31, 1955 and 1956. _
91
"Calls" for reports of condition of, dates, 1914-56
93
Capital stock. (See Capital stock of banks.)
Charters granted, in year 1956
73-74
Consolidations. (See Consolidations and mergers of banks.)
Conversions to State banks, in year 1956, list of
76
Deposits. (See Deposits.)
Dividends. (See Earnings, expenses, and dividends of national banks;
Failures of banks.)
Earnings and expenses. (See Earnings, expenses, and dividends of



250

INDEX

National banks—Continued
Page
Failures of. (See Failures of banks.)
Fiduciary activities. (See Fiduciary activities of national banks;
District of Columbia.)
Holding company affiliates of, number, December 31, 1956
64
Insolvent. (See Failures of banks.)
Investments. (See Investments of banks.)
Liquidation of, in year 1956
21, 60-61, 75
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates in year 1956, by States
97-148
Chartered and closed: Since February 25, 1863
72-73
December 31, 1936-56
234
In existence December 31, 1956, by States
72-73
With surplus fund equal to or exceeding common capital stock
1942-56
92
With surplus fund less than common capital stock 1942-56
92
Officers and employees, number and salaries of:
By size of banks (deposits), year 1956
167-169
Year 1956, by States and Federal Reserve districts
158-159, 164
Years 1954-56
170
Pension plans of
11-13
Purchases by other national banks, 1956
16
Purchases by State banks, 1956
16
Reports required from in year 1956
63
Si;ate banks purchased by, in year 1956, list of
77
Status of.
1-13
Trust functions. (See Fiduciary activities of national banks.)
United States Government securities owned by. (See United States
Government securities.)
Officers and employees of national banks:
Number and salaries of:
By size of banks (deposits), year 1956
167-169
Year 1956, by States and Federal Reserve districts
158-159, 164
Years 1954-56
170
Organization of national banks:
Charters granted, in year 1956, list of, by States
73-74
Charters granted which were conversions of State banks, in year 1956_ - 16, 75
Charters granted which were conversions of State banks, 1950-56
17
Number of, by States, from February 25, 1863, to December 31, 1956. . 72-73
Summary, in year 1956
15, 60-61
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks. December 31, 1956, by States
229-230
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1956, by States
188-189
Possessions:
Assets and liabilities of banks in:
All banks, December 31, 1956
188-195
Banks other than national, December 31, 1956
204-211
National banks, call dates in 1956
98, 108, 144
National banks, December 31, 1956
196-203
Earnings, expenses, and dividends of national banks in, year 1956
156-163
Per capita demand and time deposits of individuals, partnerships, and
corporations, of all banks in, December 31, 1956
230

Postal savings. (See Deposits.)


INDEX

251

Private banks:
Assets and liabilities of: December 31, 1956, by States
225-228
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 1956
63
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,
1956
231-232
State banks purchased by national banks during the year 1956, list of
77
State commercial banks:
Assets and liabilities of, December 31, 1956, by States
212-219
Insured, December 31, 1956
1,231-232
Member banks of the Federal Reserve System, December 31,
1956
1,231-232
Nonmember banks of the Federal Reserve System, December 31,
1956
1,231-232
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1956
1,231-232
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December 31,
1956
231-232
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
18-19, 58
Trust companies. (See State commercial banks.)
Trust powers of national banks. (See Fiduciary activities of national
banks.)
United States Government deposits. (See Deposits.)
United States Government securities:
All banks:
December 31, 1956, by States
188-189
December 31, 1956, by classes of banks
186
December 31, 1936-56
233
National banks:
By size of banks (deposits), December 31, 1955 and 1956
91
Call dates in 1956, by States
97-148
December 31, 1956, by States
196-197
December 31, 1936-56
234
State and private banks:
December 31, 1956, by States
204-205, 212-213, 220, 225
December 31, 1936-56
235
 liquidation of national banks. (See Liquidation of national
Voluntary



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