The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 Supervised by StateUnited bankingStates. 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.... 30 36 _ _ _ Over 1 1 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-— __- . ..- 30 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 5 206 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 _- 33^ 30 25 20 Total Total number of banks Percent of down payment Term (number of months) 2 17 11 10 2 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 18 and under 24 30 36. _ Total 1 3 3 1 3 44 177 79 8 6 3 50 184 86 8 1 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 _ _ _ 30 36 Total — 25 30 Total number of banks Over 33^ 1 1 6 8 7 1 20 3 2 53 99 41 1 1 3 5 3 61 131 57 2 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 18 and under... 24 30 1 5 2 6 1 95 95 24 4 122 110 1 6 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 Short term (maturing up to 5 years) Medium term (maturing between 5 and 10 years). Long term (maturing after 10 years) Total ___ General obligation Special revenue municipal authority municipal and corbonds porate bonds 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 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] •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 1953 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 thel information thus obtained. Of 4,521 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 Total. Without plans With plans 23 65 94 592 1,228 592 280 54 17 9 0 0 0 2 43 331 364 416 188 98 104 21 2,954 1,567 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 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) _ 202,058 Percent 19.7 80.3 251,635 100.0 49,577 Total.. 21.0 8.7 7.6 7.3 7.6 7.3 7.0 6.8 6.7 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 _ Grand total .._ *403 568 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) 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 Number of cities Resources Average number per city Total number Total all commercial banks (millions) 1946 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 22 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. 24 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 provisions7 of title 12, United States Code, section 34b (b) confining dissenters 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 26 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 28 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 30 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. 32 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 34 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. 36 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. 38 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. 40 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. 1 2 Grand total Secretarial. Typists. 3 Clerical. 4 Administrative. 6 Assistant counsel. ^Messengers. 2 17g 10 2 1 23 22 24 2 1 2 3 8 30 32 1 4 133 24 160 184 284 797 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 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 _ __ 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 Total assets. 1954 __ _ 40.15 42.13 37.68 34.41 34.46 12.18 11.92 .73 .03 .53 34.29 11.43 10.72 .78 .01 .64 38.29 12.68 9.97 .85 .02 .51 40.99 13.27 9.74 .93 .03 .63 100.00 100.00 100.00 100.00 51.41 20.76 2.56 6.17 9.22 1.55 50.80 21.25 2.43 6.18 9.23 1.50 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) 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 __ __ __ _- _ _ _ _ - 91.67 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] Number of banks i __ . Capital stock (par2 value) * Capital accounts .. „ Earnings from current operations: Interest and dividends on— U. S. Government obligations Other securities Interest and discount on loans^ Service charges on deposit accounts Other current earnings _ Total Current operating expenses: Salaries, wages and fees Interest on time deposits (including savings deposits) Taxes other than on net income Recurring depreciation on banking house, furniture and fixtures. _ Other current operating expenses ___ .. Total Net earnings from current operations Recoveries, transfers from valuation reserves, and profits: On securities: Recoveries. _ _ _ _ _ _ _ _ _ _. Transfers from valuation reserves _ ___ Profits on securities sold or redeemed On loans: Recoveries Transfers from valuation reserves 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 Profits before income taxes Taxes on net income: Federal.State _ Total Net profits before dividends Cash dividends declared: On preferred stock __ _ On common stock Total See footnotes a t end of table. _ _ _ _ _ Change since 1955 1956 1955 4,659 2,562.1 8,220.6 4,700 2, 460.6 7.924. 7 -41 +101.5 +295.9 737.5 202.4 2,321. 7 211.6 360.4 757.3 195 4 1, 954. 5 188.9 340.5 -19.8 +7 0 +367 2 +22.7 +19.9 3,833. 5 3, 436.7 +396.8 1,098.4 437.2 106.5 70.3 624.0 1 008.4 374.0 101.5 59.7 561.6 +90 0 +63.2 +5.0 +10.6 +62.4 2,336.4 2,105.1 +231.3 1, 497.0 1,331.6 +165. 4 10.1 25.5 11.4 13.7 29.2 35.9 -3.6 -3.7 -24.5 10.5 33.0 28.7 14.6 18.9 22.9 -4.1 +14.1 +5.8 119.1 135.2 -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 +2.3 537.2 377.4 +159.8 1,078. 9 1,089.4 -10.5 413.1 18.7 431.8 428.6 17.6 -15.5 +1.1 446.2 -14.4 647.1 643.1 +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 _ __ Total New England States.._ New York New Jersey Pennsylvania Delaware Maryland District of Columbia Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida . . . Alabama Mississippi Louisiana Texas . Arkansas Kentucky Tennessee _ Total Southern States Ohio — Indiana Illinois. Michigan. Wisconsin Minnesota Iowa _ Missouri Total Middle Western StatesNorth Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado _ New Mexico Oklahoma _ Total Western States Consolidated and merged under act Nov. 7,1918, as amended 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 2 13 5 17 28 2 7 79 22 29 206 57 67 49 3 72 460 5 267 998 419 1,283 30 141 32 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 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 9 1 1 1 2 12 In existence 27 12 49 10 7 3 3 111 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 Point National Bank of Houston First National Bank of Stafford 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, GOO 42,667,000 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. _ 27 2 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 Number of banks June 30, 1942 Dec. 31, 1942 June 30, 1943..... Dec. 31, 1943 June 30, 1944..... Dec. 30, 1944— June 30, 1945.... Dec. 31, 1945 June 29, 1946— Dec. 31, 1946 June 30, 1947-... Dec. 31, 1947— June 30, 1948— Dec. 31, 1948 June 30, 1949..... Dec. 31, 1949 June 30, 1950—. Dec. 30, 1950— June 30, 1951— Dec. 31, 1951— June 30, 1952— Dec. 31, 1952 June 30, 1953—. Dec. 31, 1953— June 30, 1954..... Dec. 31, 1954— June 30, 1955— Dec. 31, 1955 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 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] Year 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 Jan. Feb. Mar. 13 4 4 Apr. .. 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 31 Nov. 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued b u t not collected Other assets Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 69 banks 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 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 Total liabilities.. CAPITAL 744,355 710,937 721,649 753, 748 231,123 10 28,004 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 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 _ Total assets.. 37,251 51,011 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 1 128 124,522 128,744 144,886 138,298 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin _ Balances with other banks, and cash items in process of collection _ __ Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets _ _ Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 3 banks 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 Total 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 7.203 435 270 14 2,024 1.292 312 314 2,424 1,327 2,460 1.808 2,421 1,516 1,187.680 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 Total assets 460,951 319,446 12 112,001 15, 065 458,242 327,644 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 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] Loans and discounts (including overdrafts) _... U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, Including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin _ Balances with other banks, and cash items in process of collection — .__ _. Bank premises owned, furniture and fixtures Income earned or accrued but not collected Other assets _. Total assets . Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 8 banks 8 banks 8 banks 8 banks 13,017 11,224 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 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] 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 Total assets , Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 8 banks 8 banks 8 banks 8 banks 350,305 309,194 363,613 298,285 359,813 312,171 378,746 305,615 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 14,313 393 861 614 941,789 948,775 608,811 612,659 159,781 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 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets Total assets . Apr. 10, June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 87 banks 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 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures Real estate owned other than bank premises Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 51 banks 51 banks 52 banks 52 banks 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 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 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 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 10 624 181 196,001 200,435 196.647 214,194 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 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 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 21 126 293 429,481 419,410 433,364 455,144 215,106 201,260 224,147 128,080 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.) 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— 5,818,066 5,890,039 5,754,094 6,451,268 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 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 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 Total assets.. 38,865 14,925 291, 605 259,190 4 41, 592 14,120 305,118 280,482 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 1,247 900 743,066 723,752 718,051 819, 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 808,767 68,059 67,299 786,110 887,021 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 Total 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 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 20,520 580 109,930 112,467 117,714 118,002 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 29,875 4,635 5,140 325 20,699 15,628 16,458 10,380 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 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 Postall 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 _ Total 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 1,309,631 113, 710 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 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] 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 Total assets ~- Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 177 banks 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures „. Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin... Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Income earned or accrued but not collected '. Other assets Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 27 banks 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 3,786 214 500 363 326 500 350 394 500 360 448 500 354 491 292,143 292,579 304,156 314,386 152,948 147,930 155,085 162,970 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank._ Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection _._ Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding___ Income earned or accrued but not collected Other assets _ Total assets _ Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 76 banks 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] 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 _ Total assets.. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 40 banks 40 banks 40 banks 40 banks 124,358 120,966 132,223 117,745 134,408 118,621 134,556 128,330 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 5,254 361,174 358,205 370,075 386,854 211,481 202,104 217,358 221,169 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] Loans and discounts (Including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by u . S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection _._ Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected ._. Other assets Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 123 banks 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 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] 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 Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 3 banks 3 banks 3 banks 3 banks 89,496 85,145 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 9 834 231 228, 215 224, 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 9 214,526 210, 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 Total liabilities and capital accounts 14,116 14,121 14,502 224, 606 245,884 238, 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions.._ Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 186 banks 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 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank _... Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets Total assets Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 298 banks 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 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 Total liabilities.. 109, 340 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 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin — Balances with other banks, and cash items in process of collection Bank premises owned, furniture and fixtures.-_ Real estate owned other than bank premises __. Investments and other assets indirectly representing bank premises or other real estate __. Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets ,._ --Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 46 banks 47 banks 47 banks 47 banks 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 54 917 633 661,238 676,167 379, 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 94,203 17,499 73,540 26,220 9,553 377,654 432,253 103,017 105,539 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 Total assets. 104,384 102,092 5 13,075 8,441 111, 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 1,052 159 917 258 867 144 292.699 287,260 300,746 313.100 159.289 152.901 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 155,104 Total liabilities and capital accounts. 157, 214 162,370 160,711 1,935,005 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] 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 _ Total assets-. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 12 banks 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 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 Total 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 10,571 10,002 7,025 22 10, 529 7,176 13,032 188 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 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 Total 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, 241 774, 512 128, 393 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 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] 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 --. Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 5 banks 5 banks 5 banks 5 banks 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 1,248 453 500,851 508,475 499,146 521,952 210,197 211,090 202, 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions Other bonds, notes, and debentures _. Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection _ Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected Other assets Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 26 banks 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 5,534 249 202, 504 179,012 212,916 176,171 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 11 723 561 560.341 547,746 560,502 595,478 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] 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 Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 34 banks 34 banks 35 banks 34 banks 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 1,242 185 318.692 310,470 319, 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 Total assets 783,274 517,181 6 111, 455 18,115 786,738 488,285 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 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] 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 _ _ Total assets . Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 446 banks 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 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] 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 Total assets. Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 7 banks 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 65 1,007 121 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 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 20,466 Total liabilities and capital accounts 20,914 21,064 360, 715 373,469 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 Total assets 74,342 48,064 11 10,440 3,554 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 1,094 409 640 150,405 154,914 158,982 162,461 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.._ Total assets 3,140 6,410 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 45 200 200 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations Obligations guaranteed by U. S. Government Obligations of States and political subdivisions.. _. Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin Balances with other banks, and cash items in process of collection ___ Bank premises owned, furniture and fixtures Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances outstanding Income earned or accrued but not collected. Other assets Total assets Apr. 10, 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 28 banks 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, 941 320 4,654 2,186 480 286 4.781 1,413 1,574 1,465 2,232. 632 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] 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 Total assets. Apr. 10 1956 June 30, 1956 Sept. 26, 1956 Dec. 31, 1956 95 banks 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 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] Loans and discounts (including overdrafts) U. S. Government securities, direct obligations _.. Obligations guaranteed by U. S. Government. Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks, including stock of Federal Reserve bank Reserve with Federal Reserve bank Currency and coin _ Balances with other banks, and cash items in process of collection _ Bank premises owned, furniture and fixtures Real estate owned other than bank premises Income earned or accrued but not collected Other assets Total assets. Apr. 10, 1956 June 30. 1956 Sept. 26, 1956 Dec. 31, 1956 25 banks 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 91 246,121 247,213 252,601 267,622 123,301 122,036 128, 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 of— $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 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 S 3 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 Number of personal accounts being administered: Voluntary, private or living trusts Court accounts Agencies, escrows, custodianships, etc Total Number of corporate accounts being administered: Bond or debenture issues Paying agencies Depositories and other miscellaneous corporate accounts Total . $50,001 to $100,000 $200,001 to $500,000 $500,001 and over Total s 4 6 17 29 5 141 174 51 296 315 159 390 388 307 454 446 427 1,302 1,358 949 2 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 30 283 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 $100,001 to $200,000 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 145 184 196 100 138 116 213 105 49 106 91 43 Total... 236 Personal account liabilities Living trusts Court aeounts Living trusts Court accounts $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 $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. 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 176 203 203 112 160 139 245 129 63 137 107 48 Number of personal accounts Federal Reserve districts All other liabilities Agency, escrow, custodian, etc. 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 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) O o o Personal account liabilities Living trusts O 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 1,089 C1) 4 6 1,955 3,052 122 0 0) s 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 bond Agency, trust, 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 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 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 3 356 9 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. s w 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 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 .__ Employees other than officers Number i Amount Number 2 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 1,342 1,345 775 10,885 1,423 4,700 199 208 128 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 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 77 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 Maine New Hampshire Total New England States __ 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 . __ - 34 12 All other Losses, charge-offs, and transfers to valuation reserves * Total recoveries, transfers from valuation reserves and profits Losses and chargeoffs 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 securities On loans All other Total losses, chargeoffs, and transfers to valuation reserves 20 1,016 344 69 12 51 29 299 1 24 36 32 21 432 10 68 3,813 273 97 200 50 22 3,723 25 264 804 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 653i 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 4,480i 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 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 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 65,626 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 3 74 359 1 1 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 66 758 107 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 S W t o o 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 _____ Total New England States New York New Jersey Pennsylvania Delaware Maryland District Of Columbia _ __ Total Eastern States Virginia West Virginia North Carolina—_ _ _ South Carolina. _ _ Georgia Florida _ _ __ _ Alabama _. Mississippi Louisiana Texas Arkansas . Kentucky.. Tennessee _ _ Total Southern States Ohio Indiana Illinois _ _ _ __ _ _ Federal 2,365 2,483 1,348 42,043 3,731 9,074 1,029 837 412 14,872 907 3,252 61,044 State Cash dividends declared Net profits before dividends On preferred stock On common stock Ratios 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 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 82, 600 24,072 73, 995 375 9,150 8,412 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 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 hr) 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 , 236,540 109,757 166,123 430,577 93,820 86,037 143,857 241,713 423,493 6,058 2,562,055 136,725 364,581 122,774 498,515 1,,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 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 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 o 1 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 . . 127 440 1 1 19 62 Total 66,789 90,957 136,907 108, 509 107,890 367,134 595,397 26 213 543 618 791 660 3,883 2,290 9,030 10 [76 296 684 743 376 9,943 8,372 20,500 11,249 1,130 12,298 5 1,487,578 3 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 *,.. Capital stock, par2 valuea Capital accounts * - 1955 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 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.- 1956 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-- __ -_ Total taxes on net income Net profits before dividends Cash dividends declared: On preferred stock On common stock __ Total cash dividends declared Memoranda items: Recoveries credited to valuation reserves (not included in recoveries above): On securities On loans _ Losses charged to valuation reserves (not included in losses above): On securities , On loans Stock dividends (increases in capital stock) _ _ Ratios to gross earnings: Salaries, wages, and fees Interest on time deposits All other 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 1955 Percent to total Amount 1956 Percent to total Amount 1,272,624 1,089,360 1,078,921 508, 544 23,015 428,589 17,622 413,053 18,727 531, 559 446,211 431,780 741,065 643,149 647,141 264 299,841 203 309, 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 56,170 67,184 79,887 95,846 Percent to total 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 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 Cash dividends Capital Net profaccounts * its before On dividends preferred stock 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 _ . . ___ Average for 1937-56 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 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 22,392,194 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 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 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 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) Total demand deposits Time deposits: Individuals, partnerships, and corporations U. S. Government _ _ _ _ _ _ _ _ _ _ Postal savings States and political subdivisions . Banks in United States Banks in foreign countries 29, 793 14,743 719,807 369,043 288,975 16,763 1,025 163,213 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_._ 44,536 1,088,850 .. .. 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 Total 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 1,150 2,249 2,295 1,937 1,916 1,771 2,198 1,988 1,826 1,490,608 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 Total liabilities and capital accounts 109,815 111, 250 110,546 1.508,107 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. Total 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 1,047 1,049 60,107 11,159 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 1,212 548,819 559,332 548,294 570,195 315, 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 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.. National banks Nonnational banks 1956 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 Profits before income taxes Taxes on net income: Federal Net profits before dividends 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 National banks 1955 Nonnational banks 1956 1955 1956 1956 14,601 14,239 8,412 7,799 6,189 6,440 6,893 6,851 3,942 3,725 2,951 3,126 7,708 7,388 4,470 4,074 3,238 3,314 4,449 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 +49 112 108 59 Percent +.02 .22 .11 .14 .04 60 +.11 +.06 .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, 651 171 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 - . . - Average for 1937-56 Losses and charge-offe _ - - - - 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 Percent .38 .34 .41 .28 .30 .07 .04 .03 .002 .01 .05 .02 .02 .03 .13 .12 .10 .02 .09 .23 135,867 138,533 134,137 136,389 158,518 306,889 433,694 549,977 719,103 621,710 547,104 509,545 534,759 575,500 601,232 570,881 548,393 575,323 543,452 521,085 811 892 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 1,224 443,104 576 196 380 .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 1937 1938. 1939 1940 . 1941 1942 1943 1944 1945 . . 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955-. 1956 Recoveries 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 34 239 56 218 238 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 .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 Total demand deposits Time deposits: Individuals, partnerships, and corporations U. S. Government Postal savings States and political subdivisions Banks in the United States Banks in foreign countries Total time deposits Total deposits Bills payable, rediscounts, and other liabilities for borrowed money Acceptances executed by or for account of reporting banks and outstanding Other liabilities 111,489,082 3,812,552 10,539,730 14,353,652 1,796,835 3,802,430 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 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 3 ft) 82,784,677 28,467,266 54,317,411 24,293,679 30,002,619 21,113 228,578,958 107,494,823 121,084,135 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 7,523 232,614,875 109,229,850 123,385,025 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 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 3,814 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 <w Iowa § 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 23,365 36,006 6,316 11,990 1,445 1,000 66,442 8 26,218 2,503 2,160 1,211 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 6 15,317 12,644 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] Location Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total New England States New York New Jersey Pennsylvania Delaware Maryland District of Columbia Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky... Tennessee Demand deposits Time deposits Total deposits 346,013 231,225 141,168 4,255, 684 517,502 1,754,207 573,977 559,383 302,592 5,456,038 707,456 2, 506,158 919,990 790, 608 443,760 9,711, 722 1,224,958 4,260,365 Total Southern States 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 7,245,799 10,105, 604 17,351,403 5,032 35,371 210,026 255, 039 960,567 505,996 61, 642 31, 780,742 3, 715, 646 9,068,061 505,546 1, 644, 587 1,088,850 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, 601 157,218 25, 615 27, 735 555 8,682 5,445 47, 803,432 35,110,005 ___ 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 O SO w o o 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 _ __ _ __ _ . __ . _ 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 17,268, 323 196, 377 152, 460 158, 799 322,187 157, 951 86, 098 405,115 122, 561 316, 918 8, 499,903 1,750,326 1,142, 733 __ _ _ 11, 251, 492 384,056 .._ 561, 263 205,106 616, 337 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 Includes capital notes and debentures. 8,211 11, 529 109,553 18,208 8,162 20,249 11,223 12,009 453, 978 436,470 1,343, 407 1, 759, 557 571, 573 258, 323 1, 237,322 450, 569 1,988, 704 Total Pacific States 1 118,813 76,845 178,640 99,716 57, 248 61, 823 71, 694 111, 503 37, 485,059 ____ __ __ . 423, 492 137,478 516,204 259,562 136,048 139,909 93, 636 170, 784 733 425 4,387 .._ _ 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 Total Western States Washington Oregon California Idaho Utah Nevada _ Arizona 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 . __ Total Middle Western States North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma 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 _ _ _ _ 10,942,905 1,146 108, 563 20,372 12,305 246,076 227,412 1,226 5,222 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 17,014 621,176 417, 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 1,564 7,758 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 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 North Dakota South Dakota Nebraska Kansas Montana _ Wyoming Colorado New Mexico Oklahoma 40 Total Western States., 110 1,348 Total Pacific States.._ Total United States (exclusive of possessions) 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 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 1,774 56, 788 46,435 441, 529 13,138 17,093 7,830 21,090 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 3,188 12,373 36,300 100 Total possessions 1 5,368 3,567 9,294 4,618 2,488 1,220 1,771 3,527 151, 249 88,140 163, 282 79, 539 74,102 37,153 34, 531 41, 953 37 2 99 3 500 7,050 7,550 50 18 5 627 6^0* 235, 264 350 5,000 246, 764 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 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 2, 830,145 186 1,238 491,561 403,072 384,683 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 11 5 130 202,317 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 20 20 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 40 Washington.. Oregon California Idaho Utah Nevada Arizona. __ __ 232,442 83, 941 397. 743 168, 745 77, 757 89,396 62,400 140, 564 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 2 52,411 425,354 76, 897 88, 888 14,834 50,298 18,298 4, 938, 987 111,489,082 3, 812, 552 10, 539,730 1,524 618 40 1,216 115 290 2,663 8,115 23 49 6, 235 2,732 12,471 333,804 550 37, 307 1,758 5,890 170, 518 111, 516 580 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 66,434 933 601 600 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] Location New States 30 50 34 110 5 38 141, 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 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... 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 Number of banks Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut 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 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 Total Western States Washington Oregon California Idaho Utah Nevada Arizona __ _ _ Total Pacific States Total United States (exclusive of possessions) Total United States and possessions 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 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 93 617 435 339 556 249 38 34 123 170 40 25 77 26 197 119,358 132, 789 404,161 384, 271 134, 556 84,136 472,523 142, 663 701,116 107,124 105, 734 336, 356 388, 793 128,330 102, 344 377,897 149,023 545,446 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, 678 730 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 27 12 49 10 7 3 3 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 7 1 40, 759 97, 665 55,031 53,730 1 3,625 5,708 9 142,049 114,469 5,603 10,377 5,432 2,275 15,980 7,709 8 2 4,659 48, 248,332 31,680,085 7,025, 220 1, 561, 566 5,425,184 2, 750,803 12, 256,873 4, 341, 244 1,910, 666 2,708,828 945,125 2,396,820 9,379 3,944 21,124 8,563 2,944 4,467 1,406 4,557 1,696, 340 982,893 3,835, 501 1,475, 404 595, 760 656, 765 282, 584 627,387 4,650 48,106, 283 31, 565, 616 7,009, 240 1, 553,857 Total possessions 13,013 6,622 34,190 14, 704 6,381 8,257 1,883 4,953 63,243 28,468 204,870 26,152 50,808 47, 605 14, 247 27,157 111 10,386,814 Alaska The Territory of Hawaii ._ Virgin Islands of the United States. 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 6,744 14,224 22, 394 32,050 1,000 178 288 599 1,317 5 21,567 55, 761 4,728 185 348 236, 521 1, 706, 507 25,375, 990 1,088,855 33,442 83,963 8 3 262,387 398,090 117,338,154 10 129 805 80 11,336 10 1,014 363,828 138, 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 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 3 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 7,482 131,511 197,387 10,665 137,603 339,563 28,467,266 107,494,823 253 200 264 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 18,654 10 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 1,3 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 1,720 463 58,513 13,205 1,276 175 5,172 914 149 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 New York New Jersey Pennsylvania Delaware Maryland District of Columbia 244 739 50 Total Eastern States 1,033 Virginia West Virginia North Carolina _ _ _ _ _ South Carolina Georgia __ _ Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky _ _ Tennessee __ _. ._._ _.. . Total Southern States 200 — 200 Time deposits Demand deposits IndividCommon uals, partstock nerships, and corporation 10,369 6,319 5,295 82,939 12,245 31,327 150,058 158,934 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 7,236 235,424 142 148,494 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 3,700 2,000 5,500 5,000 50 12,550 Ohio Indiana Illinois . Michigan Wisconsin Minnfisota „, .>- 25 1,500 1,000 50 _ 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 .. 1 2,575 1,327,865 657,099 2, 577, 934 1,259,377 535,439 608,177 186,183 299,624 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 94,205 71,137 116,656 35,045 47,356 25, 550 9,213 17,051 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 1,400,825 267, 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 4,734 1,071 42, 759 6,463 950 4,657 676, 987 1, 523,193 2, 958,480 124,723 49,088 298,701 72,202 32,245 61,846 17, 908 48,008 2,809,767 1,412, 989 6, 451, 268 2,130,694 948, 918 1,267, 577 467, 686 1,258, 933 704,721 16,747,832 5,810 5,698 25,675 23,747 7,433 3,095 26, 455 7,500 47,045 181,085 176,143 698,785 666, 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 14,203 232,191 152,458 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 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 12,182 169 2,646 109,208 12,351 59,582,348 2,102,490 6,051,170 8,741,375 586,058 1,964,116 26,270,576 245,029 29 39 500 7,050 120 7,550 8 5 281 974 6,500 5,000 20,823 501, 238 5,638 6,786 2,994 5 600 1 15,418 5 601 12,751 1,416,243 20,828 501,839 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 ._ England New York New Jersey Pennsylvania Delaware __ _ Maryland District of Columbia Total Eastern States Total States Southern ___ 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 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 60 732 548 545 6, 649,909 3,851,844 374,635 692,992 419,048 136,304 866,819 97,084 4,445 323 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 11,163 365,361 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 10,467,762 275 750 250 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 26,751 10 467 12,932 153,320 27,947 143,218 5,323,976 Customers' liability on Other accept- assets ances outstanding 892 363 484 18,472 1,387 18,054 226,437 179,995 62,330 2,182,814 219,812 980,456 2,738 Real Bank estate premises owned owned, other furniture than and bank fixtures premises 312,895 340,303 201,090 3,715.964 408,536 1,671,121 554, 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 TpnnftRRP.fi 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 13 128 180 106 167 121 346 167 168 169 139 493 182 276 224 Virginia West Virginia North Carolina South Carolina Georgia Florida ._ Alabama. _ __ __ Mississippi Louisiana Texas A rkansas Kentucky 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 3,699 33 414, 233 159,922 50 1, 445 1,000 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 1,537 306 390 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 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 98 68 15,317 12,644 1,003 28, 783 25 38,300 22,132 21,870 266,854 479,417 2,061 52 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 5,469 2,747 13,149 7,939 455 8,509 176,724 258,173 121,390 1,226,731 32,587 54,169 21,233 392,302 28, 433 87,231 4,691,363 615, 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 42,813 778 184 5,958 98,177 34,044 212 2,457 11,008 588 14, 703 2,457 11, 618 14,923 878,007 25, 421,975 4,098,394 407,694 553,338 1, 705,273 17,647,641 8 19, 708 11, 722 , 462,138 , 009,705 1,063, 392 2,210 1,333 1,973 21,739 142,363 103 63,020 6,543 40, 919 26, 459 25.118 4,464 7,858 41, 244 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. 681 216 686 807 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 41,590 7,379 New York . New Jersey Pennsylvania Delaware __ Maryland District of Columbia 48,969 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 2, 267,557 79, 785 188,203 8,984,215 2,301 657,402 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, 802,038 423 16 50 50 Banks in United States 17, 635,363 1,391, 565 3, 353,026 418, 856 737,606 332, 515 -- Total Southern States -- States and political subdivisions 756,126 56,840 144, 589 13, 461 25,947 11,800 30 50 - U.S. Government 105,224 50 - 9,480 2,193 5,477 48, 347 8,050 31, 677 Individuals, partnerships, and corporations 1,321 1,080 Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Common stock 1,844 2,580 210 439 Total Eastern States - Louisiana Texas Arkansas Kentucky Tennessee - Preferred stock Time deposits Demand deposits 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 11,100 845 Banks in foreign countries 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 T o t a l Middle Western States 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 1,785 425 473 370 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 Total possessions Total United States and possessions 15, 747 8,220 5, 841 99,125 150, 237 314 1,907 15,005 46,669 584 250 936 84 1,005 46,058 280,420 47,838 69, 262 51,906, 734 1,710,062 4, 488, 560 50,298 14,490 2,304,687 5, 602, 228 1, 208,955 1,828, 489 52,014, 497 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 1,753 10,049 1,822 9,825 224, 596 588 105 550 5, 612, 277 1, 210, 777 1,838,314 52, 239,093 69,122 15, 455 17 2,899 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 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 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 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 B Total 746 110 344 5,788 970 2,250 337,966 120,630 179,801 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 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).. 2,309,632 625,548 1,646,982 1,585,132 859,638 513,265 845,769 1,403,093 1,694,007 784,055 1,813,066 1,505,621 824,312 422,666 652,279 1,079,578 354,248 83,012 385,172 366,152 140,593 73,173 150,660 212,135 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 3,655 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 25,946,559 116 137 298 428 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 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 1,389 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 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. 19,919 5,361 1,917 33 40,349 31,771 232 400 39 218 6,067 5,384 2 16 351 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 2 811,944 1,511 2,160 1,211 9,964 24,094 104 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 . 388 342 535 332 456 504 564 534 1,445 1,000 6 286 392 2 80,014 12,143 700 2 246,738 1,611,183 20,122,929 824,087 20,619 49,731 2,495 Includes stock savings banks. 2 branches of a national bank and 2 branches of a State member bank in New York. 3i Branch of a national bank in California. Asset and liability items include data for branches of a national bank and a State member bank in New York. 98 314 1,223 1,537 32 6,744 57,871 836,240 3 8 446,787 463,694 100, 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 New England States New York New Jersey Pennsylvania— ___ Delaware __ Maryland District of Columbia ___ Total Eastern States Time Total deposits Bills payAcceptable, reances discounts, executed and other by or for Other liabilities account of liabilities for borreporting rowed banks and money outstanding 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, 515 300 50 "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 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 4,467 66,445,702 24,293,679 90,739,381 51,438 466,020 1,412,312 2,363,846 3,728,024 1,576,962 230,636 (See classification on pp. 218 and 219.) 472 9,279 314 1,223 100 W t Pi 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 81 16,368 405,153 37,022 26, 799 20,818 2,794 17,217 7,628 13,052 2,193 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 47,031 950 1,922 820 7 1,023 518 127 4,343 209 26,198 790 916 2 207 2 2,507 3,011 17,152 CommerOther loans cial and industrial to farmers loans (in(exclud- cluding ing loans open on real market estate) paper) Other loans to individuals for personal expenditures 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 19,320 661,158 465, 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 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, 270 155 3,915 226 5,577 1,976 48, 539 42,813 661 184 5,958 97,904 34,001 817, 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, 464 858 20 169 407 20 2 2,387 551, 898 1, 698,320 17, 532, 790 212 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 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 8, 452,411 1, 232, 803 42,802,157 729, 392 42,072,765 2,010 208 3,798 17, 983 46, 771 91 686 807 170,385 71,668 187 239 21 3 746 5,962 22 11,126 1,564 7, 758 119,949 272, 956 216 2,338 7 2,331 6,993 415,907 2,231 413, 676 762 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 41,590 7,379 Total Southern States 50 4,686 541 2,420 33,679 5,778 31,797 18,765 3,298 6,679 94,835 16,235 48,309 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 40 268 105,199 2,264,920 78,901 188,121 114,235 956,365 2,216 753,126 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 1,080 30 50 50 132,016 19,131 47,225 1,155,581 208,693 702,274 States and political subdivisions 1,844 2,580 210 423 16 50 9,480 2,193 5,477 48,347 8,050 31,652 U.S. Government Time deposits 1,321 439 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 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 Si 28 9,800 69,033 15,455 = 15 17 1,800 160 600 50 981,945 j 154,474 ; 751,240 3,097 2 O 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 39 133,043 787,422 6 7,971,022 8 668,950 2,818,625 704,506 55 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 ., .. Total New England S kites . _ _ New York New Jersey Pennsylvania Delaware Maryland . ... Total Eastern States Ohio Indiana, Wisconsin Minnesota . . . - Total Middle Western States Washington Oregon 1)21 411 212 965 335,846 430,431 119,756 4,766,458 393, 846 1,985,481 335,850 430,431 120,677 4,766,869 394,058 1,986,446 2,6U0 2,513 8,031,818 8,034,331 3,583 3,013 13.963 365 17,657,653 1,099,389 1, 612,231 123,683 512,491 250 3,713 17, 654, 640 1,085,426 1.611,866 123,683 508, 778 21,054 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 4 . _.. Total Pacific States Total United States (exclusive of possessions) ... 5,504 650,657 656,161 39 5 305,913 29,646 305,952 29,651 44 335,559 335,603 29.115 30,002,427 30,031,542 Virgin Islands of the United States. Total United States and possessions 1 Includes guaranty fund. Bills pay- Acceptances able, redis- executed by or for counts; and other liabili- account of reporting ties for banks and borrowed outstanding money 29,115 192~ 192~ 30,002,619 30,031,734 Other liabilities 2,326 6,542 781 45,711 3.388 15, l«0 638 15 330 •• " - • " • • "•• Surplus i Undivided profits 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 31,275 119,225 9,355 3,950 292 75 243,369 1,493,031 334,220 132,897 6,290 108 150 658 24,265 4,307 1,643 17,000 280 667 178 860 731 538 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~ 66 ft c 8 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 Location Maine New TTarnpshire Vermont M assachusetts Rhode Island Secured by farm land (including improvements) 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 -- -- 99 61 1,598 1,265 704 1,635 42 44 1,546 1,654 470,076 5,362 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 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 22 Total gross loans Less valuation reserves 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 10,404 1,000 44 97 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 1,434 Total Pacific States 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 6,293 221 105 282 317,895 50,425 20,671 255,858 5,787 1 4 644,849 1 5,791 16 11 11 305,880 28, 789 3,383 2,199 340 4,706 29,984,736 18,487 3,383 2,199 340 4,706 29,984,928 1 22 86 15,738 1,867 86 15,738 1,867 192 Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account). 16 22 846 868 334,669 18,487 Banks in foreign countries 17 745 Virgin Islands of the United States Total United States and possessions... 1,582 70 1,002 140 Banks in United States 762 663 1,434 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 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 Customers' liability on accept- Other ances assets outstanding 17 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 Total assets 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 25 193 7,201 7 7,208 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 14,277 14,277 17,277 17,277 Undivided profits Reserves 3 38 4,577 46 14,909 38 4,623 625 . 3,366 243 492 87 536 2,254 3,991 735 623 13 2 75 20 205 324 16 179 188 3 193 33 9 73 15 300 519 384 115 7,523 5,579 19,612 1,157 5,361 50 25 21 10 5,629 19,637 1,178 5,371 7,523 o 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 New York___ Pennsylvania. Loans to Secured brokers Secured Loans by resiand by other to banks dealers dential properties properin securities (other ties than farm) 280 22 930 502 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 4,514 120,097 270 119,827 273 223 522 724 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 Total United States and possessions 1,364 1 131 243 6,965 6,965 12, 574 1,440 5,230 s s 930 332 902 956 _ Net loans 238 441 283 Alaska Less valuation reserves 67, 278 326 7 273 _ Total gross loans 12, 525 29 563 Total Southern States. All other loans (including overdrafts) 6,965 563 Indiana Michigan Iowa Other loans to individuals for personal expenditures 242 142 Georgia Texas 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 45 142 Total Eastern States Other loans for the purpose of purchasing or carrying stocks, bonds, and other securities 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 1,769 OOTiTlfiP'tifiJit New York Pennsylvania Total Eastern States Georgia Texas.. Total Southern States Indiana Michigan Iowa Time deposits .. __ ... . .. _ Total Middle Western States Total United States (exclusive of possessions) Alaska Total United States and possessions- 138, 756 4,766 7 143, 522 100 45 17,886 29,657 States and polit- Banks in Banks in foreign ical sub- United divisions States countries o 3 511 28,432 22 2,413 5,922 20 7 145 17,886 28,454 8.335 20 7,325 42, 706 312 104 3,173 10 647 27 438 366 6,159 3 15 937 50,031 312 3,277 657 465 6,525 3 952 4,936 149 8,743 22 1 641 18 323 8 732 203 1,431 13,828 23 982 8 2,366 209,150 342 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 w *1 500 1,750 500 1,750 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). Postal savings 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 Total Eastern States-Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana.. Texas Arkansas Kentucky Tennessee __ _-, T o t a l Southern States Ohio Indiana Illinois.. I " . . . . Michigan Wisconsin Minnesota Iowa Missouri Total Middle Western States— 917,000 567,000 372,000 4,861,000 839,000 2,261,000 852,232 736, 591 416, 762 8,732,945 1,134, 781 3,975,026 9,817,000 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 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 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 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 Demand Time 668,000 707,000 1,432,000 2,138,000 647,000 328,000 1,655,000 831,000 2,264,000 498,586 494,527 1,186,405 1,526,390 604,574 273,281 1,364,959 419,036 1,765,865 357,401 353,822 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 10,670,000 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 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 Per capita 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 - Deposits of individuals, partnerships, and corporations (in thousands) 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 .... 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 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. Superintendent of Banks - . Commissioner of Banking and Insurance._ Secretary of Banking __ State Bank Commissioner Bank Commissioner.. . . ._ _- 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 Mutual savings 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 60 58 34 252 13 128 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 2 545 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 1 870 299 372 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 Commissioner, State Banking Department. -.. Commissioner of Banks. do Superintendent of Banking Commissioner of Finance State Examiner _ . Superintendent of Banks . . Director of Banking . State Bank Commissioner 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 .. ... _ .__ . Private Insured Members NonFederal members Reserve Federal System Reserve System 391 351 166 111 220 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 3,680 825 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 1,389 199 1,073 117 70 40 90 23 41 3 7 11 7 33 8 14 2 1 52 30 50 15 26 1 5 •"4 tOCO Location Mutual savings 274 76 179 14 9,496 1,807 6,737 355 Noninsured 1 1 Noninsured 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 1,807 5 6 3 1 16 15 6,753 370 1 1 3 220 1 1 305 71 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 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 Capital 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. ]L, 1946, to Dec. 31, 1946 Jan.]L, 1947, to Dec. 31, 1947 _ Jan. ]L, 1948, to Dec. 31, 1948 Jan. L, 1949, to Dec. 31, 1949 Jan. ]L, 1950, to Dec. 31, 1950 Jan. ]L, 1951, to Dec. 31, 1951 Jan. ]L, 1952, to Dec. 31, 1952...., 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 the7 year ended Oct. 31, 1941. Exclusive of 1 receivership finally closed during the year ended Oct. 31,1936, but reopened as a receivership during the year ended Oct. 31,1937, and again closed during the year ended Oct. 31, 1938. (Data relative to reopening and second final closing included in report for year ended Oct. 31,1941.) 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 25 405 88 685 25 220 82 360 31 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 72 102 12 1 16 2 227 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. 671 25 3,600 650 1 »1 State 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 4,496 37 550 25 65 250 10, 846 36,939 10,101 11,323 16,169 13,837 34,980 5,944 3,723 1,702 6,300 405 Member banks 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 79 327 167 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, 732 120 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 8 167 125 200 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 Digitized forPostal FRASER 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 Digitized forVoluntary FRASER liquidation of national banks. (See Liquidation of national