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NINETY-NINTH
ANNUAL REPORT
OF THE
Comptroller of the Currency
1961
WASHINGTON : 1962
TBEASUBY DEPARTMENT
Document No. 3227
Comptroller of the Currency
For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington 25, D.O. - Price $2.00
LETTER OF TRANSMITTAL
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington, D.C., October 28, 1962.
SIRS: In accordance with the provisions of section 333 of the
United States Revised Statutes, I have the honor to submit the
following report covering the activities of the Bureau of the Comptroller of the Currency for the year 1961.
Respectfully,
JAMES J. SAXON,
Comptroller of the Currency.
THE PRESIDENT OF THE SENATE.
THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.
HI
ANNUAL REPORT
OF THE
COMPTROLLER OF THE CURRENCY
STATUS OF NATIONAL BANKING SYSTEM
The 4,520 banks supervised by the Comptroller of the Currency
had total assets of $151.6 billion at the end of 1961. This represents
47.0 percent of the assets in the commercial and savings banks of the
Nation, and 54.3 percent of commercial banking assets. Commercial
banks numbering 8,898 which are supervised by State banking
authorities held assets of $127.9 billion, and 515 State-chartered and
supervised mutual savings banks had assets of $42.8 billion. For all
commercial and mutual savings banks, assets were $322.3 billion, an
increase of $23.4 billion for the year as shown in the following table;
All operating banks—continental United States and other areas
[Dollars in millions]
Type of bank
Members of both the
Not members of FedFederal Reserve Sys- Members of Federal
eral Reserve or Fedtem and Federal
Deposit Insurance
eral Deposit InsurDeposit Insurance
ance Corporation
Corporation only
Corporation
Number
National banks
State commercial banks
Mutual savings banks
Total
Total
assets
Number
Total
assets
Number
Total
assets
i 4,517
2 1,595
2 1
$151,423
83,673
16
13
3 7,001
«329
$196
42,082
37,049
*302
4 185
$2,129
5,768
6,113
235,112
7,333
79,327
487
7,897
Recapitulation
Number
National banks
State commercial banks
Mutual savings banks
Head offices
Branches
Total banking offices
1
_
_
Branches
Total
assets
Increase
for 1961
i 4,520
8,898
515
5,856
5,327
544
$151,619
127,884
42,833
$11,623
9,521
2,259
13,933
11,727
11,727
322,336
23,403
25 660
Supervised by Comptroller of the Currency. (Includes 7 nonnational banks in the District of Columbia,
4 member and 3 nonmember insured banks with 31 branches.)
2 Supervised by State banking departments and the Federal Reserve System. (Includes 1 member
nondeposit trust company.)
*
4 Supervised by State banking departments and Federal Deposit Insurance Corporation.
Supervised by State banking departments only.
2
REPORT OP THE COMPTROLLER OP THE CURRENCY
The complexity of our society, the size of the large corporations
necessary to our standard of living and economic growth, the increasing cost of government caused in large measure by needs of
national defense, and now of space exploration, require a national
banking system capable of providing adequate financing to support
our economy, our industry, and our nation.1
We are of the opinion that the growth of our national banking system has not been up to potential, both in relation to size comparative
to other financial institutions and with respect to its contributions
to the economic growth of this nation. There are several reasons
for this. The fact that savings and loan institutions have achieved
more rapid growth than national banks, as illustrated in the chart
below, is attributed to the fact that they have been in a position to
offer more attractive savings interest rates because of their favored
tax status and lower liquidity requirements.
For far too long the States have been in a position to impede the
progress of the national banking system. In no other industry of
which we are aware are there imposed such restrictions on growth
and expansion as in banking. It is ironic that although as early in
our national life as 1790, there was recognized the need for a 2national
bank to serve the fiscal and monetary needs of the3 Nation, and as
early as 1819, it was decided in a landmark decision that the States
could not constitutionally interfere with national banks, yet as late
as 1962 we find the growth of the national banking system being
seriously retarded by the States.4
We have recently solicited the aid of every national bank in identifying, appraising, and developing methods to eliminate restrictions
hampering the performance of our national banking system. We
are undertaking a comprehensive review of all laws and administrative
rulings to determine which should be eliminated or modified. We
have appointed an advisory committee to assist us in this task. We
envision that completion of this task will see more realistic laws
enacted with a view to permitting our national banking system to
serve properly the financial needs of our present-day economy.
Growth of Financial Institutions
Commercial bank assets increased $21.1 billion during 1961, as
compared to $12.9 billion in 1960 and $5.3 billion in 1959. During
the past decade the average annual growth of commercial bank assets
was $9.9 billion per year. The growth of financial institutions during
the past 10-year period was at a rapid rate, but in those organizations
which have been in a position to offer more attractive savings interest
rates because of their favored tax status and lower liquidity requirements, the growth was dynamic. Relative growth by classes during
the past 10-year period is presented in the following table.
» Decision of Comptroller of the Currency James J. Saxon on the application to merge Bank of Livonia,
Livonia, Mich., and the National Bank of Detroit, Detroit, Mich,
a Alexander Hamilton, Report on a National Bank, Annuals of Congress, vol. 2, p. 2098.
* McCulloch v. Maryland (1819), 4 Wheat. 316.
« Same as 1.
REPORT OF THE COMPTROLLER OF THE CURRENCY
Financial instiiutions
(Total assets)
[Dollars in millions]
Dec. 31, 1951 Dec. 30, 1961 Percent of
increase
Commercial banks
Mutual savings banks
Savings and loan associations
Federal and State chartered credit unions
$180,424
23,439
19,164
1,198
$279,503
42,833
82,096
» 5,658
54.9
82.7
328.4
372.3
i Data as of Dec. 31, 1960.
Status oj National Banks
The number of operating national banks was reduced by 17 during
1961. This compares with reductions of 12 in 1960, 43 in 1959, 42 in
1958, 32 in 1957, and 41 in 1956. Although the number of banks in
the national banking system has continued to decrease, the upward
trend in total assets prevails. Their total assets, after deduction of
$1.7 billion of reserves for bad debts, and other valuation reserves
were $150.8 billion at the end of 1961, a gain of $11.5 billion. The
national banking system absorbed 52 State banks in 1961 through
consolidations, mergers, purchases, and conversions for a gain in
assets of $854.2 million, while 17 national banks with $268.1 million of
assets went into the State banking systems by the same routes. A
net gain of $586.1 million in assets accrued from these sources for the
national banking system.
Based upon management competence, experience and continuity,
quality of assets, earning capacity and retention, and capital funds
and reserves, the national banking system continues in excellent
condition.
Deposits
At the end of 1961 total deposits of all national banks were $135.5
billion, an increase of $10.6 billion over the prior year.
The total deposits of national banks and the average effective
interest rate paid on time and savings deposits are set forth below for
the years 1957 through 1961.
[Dollars in millions]
Total deposits
Dec. 31,1957 Dec. 31,1958 Dec. 31,1959 Dec. 31,1960 Dec. 31,1961
Demand
Time and savings*
$77,881.0
31,555.3
$81,351.8
35,734.3
$82,703.1
36,934.6
$84,754.0
40,156.8
$89,965.5
45,545.1
Total _
Interest paid*
Average rate (percent)
109,436.3
636.0
2.02
117,086.1
762.3
2.13
119,637.7
866.7
2.35
124,910.8
978.7
2.44
135,510.6
1,158.5
2.54
4
REPORT OF THE COMPTROLLER OF THE CURRENCY
Loans
The national banking system again reported a moderate increase in
loans and discounts. As of December 30, 1961, and before deduction
of valuation reserves, the loan portfolios of all national banks aggregated $68.7 billion, a gain of $3.7 billion over the previous year end.
This increase during 1961 represents a growth rate of 5.76 percent
and may be contrasted with an increase in total assets of 8.29 percent
and an increase in total deposits of 8.48 percent during the same period.
All major categories experienced increases during 1961. It is
noted that single-payment loans for personal use and loans for purchasing and carrying securities reflected the highest rates of increase.
Conventional mortgage loans on nonfarm real estate (included in the
schedule below under "Keal Estate Loans"), which increased $1,002
million, and loans for commercial and industrial purposes, which
increased $906.5 million, reflected the largest dollar gains. Decreases
were revealed in real estate loans insured or guaranteed by the Veterans' Administration (down $157.6 million) and in two categories of
installment consumer loans.
The following table indicates the dollar amounts and percentages of
increase or decrease in the major elements comprising loans and
discounts of national banks.
[In thousands of dollars]
1960
Real estate loans
_
_
_
Loans tofinancialinstitutions.
_._
Loans for purchasing or carrying securities
Loans to farmers (excluding loans secured by real estate)
Commercial and industrial loans (excluding loans secured by
real estate)
_
Installment consumer loans to individuals for—
Autos (including purchased paper)
Other retail consumer goods (including purchased paper).
Home improvement
Personal expenditures
Total installment consumer loans...
Single-payment loans for personal expenditures
All other loans
Total loans and discounts (gross)
1961
Percentage
change
15,534,206
4,279,954
2,114,874
2, 748,346
16,547,006
4,616, 737
2,375,371
3,081, 359
23,979,387
24,885,922
5,000,920
1,629,528
1, 586,474
2,300,118
5,058,655
1,608,970
1,579,172
2,405,115
10, 517, 040
10,651,912
1.3
4,192, 548
1,633,850
4,800, 530
1, 789,089
14.5
9.5
65,000,205
68,747,926
5.8
6.5
7.9
12.3
12.1
1.2
-1.3
— .5
4.6
Liquidity
The national banking system diverted a sufficient amount of deposit increases realized during 1961 to primary and secondary reserves
so that basic liquidity on December 30, 1961, was comparable with
that for the preceding year end. The following tables provide a
comparison of balance sheet factors affecting the basic and short-term
REPORT OF THE COMPTROLLER OF THE CURRENCY
5
liquidity position of all national banks for a 10-year period. These
computations are presented only as an indicator of trends within the
national banking system as a whole. Their application as a standard
to a specific bank should be approached with caution.
Basic liquidity of the national banking system
[In millions of dollars]
Cash and
balances
with other
banks
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
_ .
U.S. Government
obligations
Less bills
payable
and rediscounts
26,399.4
26, 545.5
25, 721. 9
25, 763. 4
27,082. 5
26,865.1
26,864.8
27,464.2
28,674. 5
31,078.4
35,936.4
35, 588. 8
39, 507. 0
33,690. 8
31, 680.1
31, 338.1
35, 824.8
31, 761. 0
32, 711.7
36,087.7
75.9
14.9
11.1
107.8
18.7
38.3
43.0
340.4
110.6
224.6
Net
62, 259. 9
62,119.4
65,217. 8
59.346.4
58,743. 9
58,164. 9
62,646.6
58,884.8
61,275.6
66,941. 5
Deposits
99,257.8
100.947.2
106,145.8
104.218.0
107,494. 8
109, 436. 3
117.086.1
119,637. 7
124,910.9
135,510.6
Percent
of
coverage
62.73
61.54
61.44
56.94
54.65
53.15
53.50
49.22
49.06
49.39
Short-term liquidity of the national banking system
[In millions of dollars]
Treasury
bills
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
-
4,486.1
2,575.9
2,906.1
2,014.5
2,808.1
2, 491.8
3,122. 6
3, 006.1
3,932.2
5,889.3
Treasury
certificates
of indebtedness
Cash and
balances
with other
banks
3,073.1
5,810.9
2,993.0
1,265. 5
1,051.0
2,478. 7
3,633.1
1,202. 3
1,395.8
1,143. 5
26,399.4
26,545.5
25, 721.9
25, 763. 4
27,082. 5
26,865.1
26,864.8
27,464. 2
28,674. 5
31,078.4
Total
Deposits
33,958.6
34,932.3
31,621.0
29,043.4
30,941.6
31,835.6
33,620. 5
31,672.6
34,002. 5
38, 111. 2
99,257.8
100,947.2
106,145.8
104,218.0
107,494.8
109,436. 3
117,086.1
119,637.7
124,910.9
135,510.6
Percent
of
coverage
34.21
34.60
29.79
27.87
28.78
29.09
28.71
26.47
27.22
28.12
Investment Accounts
At the end of 1961 securities investment accounts of national banks
totaled $48.7 billion, compared to $43.5 billion at the end of 1960.
All of the investment categories shown in the "Recapitulation by
maturities" table reflected increases. U.S. bonds, which increased
$3.4 billion, represented 65% of all new purchases.
As the "Maturity position of U.S. bonds" table reveals, the maturities of U.S. bonds in 1961 reflected a continuation of the trend toward
liquid, short term issues. Bonds due in 5 years or less represented
87 percent of the total, as compared to 77 percent in 1960 and 72
percent in 1959.
As is indicated in the table "Results of bond activity," substantial
net profits were realized on security transactions in the national banking system.
6
REPORT OF THE COMPTROLLER OF THE CURRENCY
Recapitulation by maturities
(U.S. bonds as of Dec. 30,1961, municipal and other bonds as of most recent examination reports—adjusted
to the year end)
[In millions of dollars]
General
obligation
municipal
bonds
Special
revenue
municipal
authority
and corporate
bonds
1,472
3,506
3,002
1,705
912
995
548
506
15,229
23,106
6,930
3,469
•9,685
U.S.
bonds
«2,961
48,734
U2,845
18,605
3,380
* 1,258
Up to 1 year
Over 1, not over 5 years.
Over 5, not over 10 years.
Over 10 years
Total
Total
i Includes $238 million of nonmarketable U.S. bonds.
* Includes $128 million of U.S. guaranteed bonds (FHA debentures and merchant marine bonds).
> Includes $1,745 million of general obligations of States and $996 million of housing authority obligations.
* Includes $1,392 million of special revenue municipal obligations and $1,193 million of Federal corporation (not guaranteed) bonds.
Maturity position of U.S. bonds
[In millions of dollars]
U.S. bonds
Dec. 31,1957 Dec. 31,1958 Dec. 31,1959 Dec. 31,1960 Dec. 30,1961
Total
7,965
15,959
4,710
2,702
8,718
17,949
6,632
2,522
8,209
16,460
5,579
1,476
8,860
19,044
3,402
1,406
31,336
Up to 1 year
Over 1, not over 5 years.
Over 5, not over 10 years.
Over 10 years
35,821
31,724
32,712
12,845
18,605
1,258
Results of bond activity
[In millions of dollars]
Year
1955
1956
1957
1958 .
1959
1960
1961
Profits
35.9
11.4
31.1
353.1
24.8
171.8
243.2
Recoveries
15.8
13.0
5.8
12.4
18.3
21.2
10.6
Losses
152.8
239.0
151.2
67.5
483.5
154.4
51.2
Net profit
298.0
38.6
202.6
Net loss
101.1
214.6
114.3
440.4
REPORT OF THE COMPTROLLER OF THE CURRENCY
7
Capital Structure
During 1961, capital programs were undertaken by 182 national
banks, which resulted m shareholders furnishing $172 million in
additional funds. During the same period 472 national banks
declared stock dividends having a par value of $166 million. During
the 10-year period from January 1, 1952, to December 31, 1961,
2,016 national banks augmented their capital structures $1,490
million through the sale of additional common stock.
As of December 31, 1961, the capital, surplus, undivided profits
and reserves of all national banks totaled $11.9 billion, and their
reserves for bad debts and other valuation reserves amounted to $1.7
billion, making aggregate capital funds and reserves of $13.6 billion.
This represents 10 percent of deposit liabilities and 9 percent of
gross assets.
Reports of examination reveal that, with the exception of isolated
cases, the capital position of the national banking system is satisfactory when measured against the capacity and performance of
management, liquidity, the judicious and competitive employment of
funds, history and profitability of operations, character of banking
services, and the growth prospects in the economic and general banking
environment.
Earnings, Expenses and Net Additions to Reserves
National banks paid $3,788 million in salaries and wages, taxes,
and interest on deposits in 1961, compared to $3,380 million for the
same purposes in 1960. Salaries and wages amounted to $1,799
million, of which $1,047 million went to 283,303 employees, $521
million was paid to 52,414 officers, $203 million represented fringe
benefits, and fees to directors accounted for $28 million. National
banks paid Federal income taxes of $734 million and State income
taxes of $41 million during the current year. In comparison, they
paid $705 million and $36 million, respectively, in 1960. Interest
paid on savings and other time deposits rose from $979 million in
1960 to $1,159 million in 1961. This represented an average rate of
2.54% on total time deposits.
The sources and disposition of income for national banks is shown
by the following illustration.
NATIONAL BANKS-1961
00
SOURCE A N D DISPOSITION OF THE INCOME DOLLAR
(In millions of dollars and percent of one dollar)
DISPOSITION
SOURCE
d
O
w
Other expenses
$1,018—17%
Interest on loans
$3,759—63%
O
Interest paid
on deposits
$1,159—19%
a
q
Other earnings
IS376—6%
Salaries and wages
$1,799—30%
Interest on other bonds
$338—6%
Interest on U.S.
obligations
$1 7 031—17%
Net recoveries and
bond profits
$58—1 %
Earnings from current operations
Net recoveries on loans, bonds, etc.
Total source
$5,954
58
6,012
*Reserve for bad debts (tax free)
Valuation reserve—Loans
Valuation reserve—Bonds
Retained earnings
$103
24
92
556
775
Expenses, taxes on net income and
5,237
dividends
6,012
Total disposition
s
REPORT OF THE COMPTROLLER OF THE CURRENCY
Net current earnings in 1961 decreased from the 1960 figure of
$2,046 million to $1,979 million. The $199 million rise in gross
income was more than offset by increased wages and higher rates of
interest paid on an enlarged volume of time money
Non-recurring income exceeded losses on loans, bonds and other
assets and produced a net addition to profits of $58 million. Income
taxes of $775 million amounted to 40 percent of taxable income.
Net profits after taxes and before dividends were $1,042 million.
This amount does not include $219 million of both taxable and
nontaxable earnings which were transferred to bad debt and other
valuation reserves. The sum of such net profits and net additions
to reserves is equivalent to 10.6 percent of capital accounts. Shareholders received cash dividends of $486 million representing a return
of 4.1% on total capital structure at year end. Net retained earnings
including net additions to reserves, amounted to $775 million.
Set forth below is a 5-year schedule of earnings, expenses, dividends,
etc., per $100 (1) of assets and (2) capital funds.
Earnings, expenses*etc., of national banks for the years ended Dec. 31, 1957, 1958,
1959, 1960, and 1961
[In dollars. *Indicates amounts in millions]
1957
•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
1958
1959
1960
120,523
9,093
4,284
3.55
47.11
2,707
2.25
29.77
1,577
1.31
17.34
128,797
9,669
4,539
3.52
46.94
2,970
2.30
30.71
1,569
1.22
16.23
132,636
10,302
5,183
3.91
50.31
3,338
2.52
32.40
1,845
1.39
17.91
139,261
11,098
5,755
4.13
51.86
3,709
2.66
33.42
2,046
1.47
18.44
-180
-.15
-1.98
+224
+.17
+2.31
-494
-.37
-4.80
-104
-.07
-.94
5.99
7.14
1,103
4.91
6.68
1,201
9.37
11.40
8.20
10.82
4.00
2 488
4.06
2 710
4.11
2422
4.06
2 750
5.37
7.34
4.10
6.76
545
.45
852
.71
364
.30
.40
690
.54
.85
393
.30
.55
506
.38
845
.64
423
.32
.32
1961
741
.53
.86
451
.32
.54
150,809
11,875
5,955
3.95
50.15
3,976
2.64
33.48
1,979
1.31
16.67
+58
+.04
+.49
776
.51
6.54
1,261
.84
10.62
486
.32
4.09
2 775
.52
6.53
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 $121 million in 1957, $213 million in 1958, $44 million in
1959, $155 million in I960, and $219 million in 1961 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.)
Bad Debt Reserves
Bad debt reserves aggregated $1,332 million at the close of 1961
in the 2,966 national banks which were then using the reserve method
for income tax purposes. These banks held loans aggregating $65.2
billion and the bad debt reserve accounts equalled 2 percent thereof.
10
REPORT OF THE COMPTROLLER OF THE CURRENCY
These loans represented 94.9 percent of the loans in all national
banks.
There was a net increase of $114 million in bad debt reserve accounts during the year. This increase was accomplished by transfers
of $212 million, recoveries of $44 million, and additions due to mergers
and absorptions of $11 million, less losses of $147 million and withdrawals of $6 million.
Branch Banking
The 690 applications received from national banks to establish
de novo branches during 1961 continues to reflect an awareness by
national banks of their responsibility to provide convenient and
needed facilities for the public. It also is indicative of a further
shift of population to suburban areas of large metropolitan centers.
The 580 branches opened in 1961 exceeded the unprecedented 561
established in 1960. To meet traffic congestion and parking problems national banks provided drive-in facilities in conjunction with
186 of the newly opened branches. It is of particular interest that
de novo branches were established in fifty communities previously
without local banking services.
The following table represents the disposition of these applications:
Number
Approved (primary approvals of applications for permission to establish branches).
Rejected
- _
__
Withdrawn.
In process of investigation and study
Total
Percentage
295
71
38
286
43
10
6
41
690
100
In addition, applications were submitted during 1961 by national
banks for permission to merge, consolidate, or purchase assets and
assume liabilities of other banks which, if completed, would result
in an expansion of branch offices by 179. Action taken during the
year resulted in approval to establish 129 branches in this category,
rending cases, if approved, would add 47 branches to the national
system.
From 1960 and years prior, a total of 813 branch applications were
carried forward into 1961; of these, 627 were approved, 63 rejected, 56
withdrawn, and 67 remained pending as of December 31, 1961. In
total, there were 1,682 branch cases to account for as of year end.
The following summarizes the disposition of those applications:
Number
Approved (primary approvals of applications for permission to establish branches).
Refected
Withdrawn
In process of investigation and study
_
_
Total
Percentage
1,051
135
96
400
62
8
6
24
1,682
100
REPORT OF THE COMPTROLLER OF THE CURRENCY
11
In 1961 certificates of authorization for the establishment of 573
branches of national banks and 1 branch of a District of Columbia
nonnational bank were issued, including 11 which had not yet opened
for business as of December 31, 1961. Certificates of authorization
were issued for the establishment of 17 branches in 1960 which did
not open until 1961. The net result was the opening of 580 branches
during the year. At year end there were 5,856 branches being operated by 983 of the 4,513 national banks and 6 nonnational banks
in the District of Columbia, reconciled as follows:
Branches in
operation
Dec. 31, 1960
State
Alabama
Alaska
Arizona
Arkansas
California—
Connecticut
District of Columbia __ _
Georgia
Hawaii
.
Idaho
Indiana
Iowa _
. _
Kansas
Kentucky
Louisiana
Maine
Massachusetts
Michigan
Minnesota
Mississippi
MissouriNebraska
Nevada.
New Hampshire
New Jersey New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania, ,-.,„
Rhode Island _
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Wisconsin
Virgin Islands
70
25
125
16
1,236
98
56
28
67
175
8
13
76
92
46
80
206
207
-
23
6
_
20
-
-
._
Total
__ _
_
32
251
29
467
129
1
Branches
opened for
business
during 1961
7
2
11
6
85
13
3
13
2
1
13
2
4
11
5
4
36
27
34
Existing
branches dis- Branches in
continued or
operation
consolidated Dec. 31,1961
during 1961
1
8
1
1
2
7
4
5
4
4
3
28
4
63
23
1
6
3
10
1
1
304
15
160
458
49
97
28
126
41
17
131
253
19
1
43
6
7
53
2
9
1
13
1
2
18
13
1
1
1
5,326
580
50
76
27
136
22
1,313
HI
163
69
30
68
187
10
17
87
97
49
114
226
237
6
28
10
13
23
1
273
33
527
142
1
346
20
167
509
49
105
28
139
42
19
148
266
20
2
5,856
i Includes 30 branches in operation by 6 nonnational banks in the District of Columbia under the supervision of the Comptroller of the Currency on Dec. 31,1960, and 31 such branches on Dec. 31,1961.
* Established prior to enactment of McFadden Act, Feb. 25,1927.
* Includes 1 branch established prior to enactment of McFadden Act, Feb. 25,1927.
12
REPORT OF THE COMPTROLLER OF THE CURRENCY
Branches authorized to open during 1961 were distributed among
areas with varying population density and were sponsored by banks
of varying size, as follows:
In
In
In
In
In
unincorporated areas
cities with population
cities with population
cities with population
cities with population
27
148
153
72
174
less than 5,000
from 5,000 to 25,000
from 25,000 to 50,000
over 50,000
Total..
574
By banks with less than $10MM total resources
By banks with total resources of $10MM to $25MM
By banks with total resources over $25MM
72
96
406
Total
.
574
In addition to reflecting the number of all banking units in relation
to population and total banking resources, the following tabulation
briefly summarizes the current status of branch banking statutes of
States, the District of Columbia, and possessions of the United
States:
State
Total
banking
Total
banking
population: of dollars)
1 per—
1961
States permitting statewide branch banking:
Alaska
Arizona
California l
Connecticut
Delaware
nistrWr of nninmbia
Hawaii
Idaho1
Louisiana *
_
Maine *
Maryland
Nevada
North Carolina
Oregon *_.
Rhode Island
South Carolina
__
Utah *
Vermont
Washington 1
_
_
Total.
States permitting branch banking within
limited areas:
Alabama 2
Arkansas
Georgia _
Indiana
_
Iowa2
Kansas'
Kentucky
Massachusetts
Michigan
Mississippi _
_
Missouri'3
Nebraska _
New Jersey
New Mexico
New York
North Dakota2
Ohio
.Oklahoma3
See footnotes at end of table.
Number of
all banking
resources
Number of Number of units as of units in
all banks all branches Dec. 31, relation to (in millions
14
12
122
43
29
192
204
1,750
218
53
1,872
285
73
6,500
231
1,616
29,850
2,895
846
1,803
877
746
3,459
789
2,956
540
3,646
2,395
1,084
1,250
1,164
12
32
192
47
132
7
171
49
9
144
50
85
87
184
136
251
39
546
205
89
159
73
97
119
376
183
383
46
717
254
98
303
123
53
89
37
298
90
387
7,000
8,900
9,300
6,400
10, 300
6,900
5,800
8,900
5,500
8,500
6,600
6,500
7,200
8,900
8,000
7,600
4,400
7,600
1,233
4,494
5,727
8,000
59,885
238
237
403
442
672
590
351
167
373
193
626
425
247
57
386
156
576
388
90
54
117
336
190
29
163
406
614
144
35
16
466
60
1,473
29
693
328
291
520
778
862
619
514
573
987
337
661
441
713
117
1,859
185
1,269
10,200
6.200
7,700
6,100
3,200
3,600
6,000
9,200
8,100
6,700
6,700
3,300
8,900
8,500
9,300
3,500
7,900
2,440
1,559
3,498
5,596
3,687
2,873
2,896
6,764
10,282
1,574
7,223
1,987
8,575
837
57,450
857
13,234
3,227
67
20
11
63
27
74
415
5,700
473
3,265
13
REPORT OF THE COMPTROLLER OF THE CURRENCY
State
States permitting branch banking within
limited areas—Continued
Pennsylvania
South Dakota
Tennessee
_Virginia
Wisconsin
Total
Total
Number of
banking all banking banking
resources
Number of Number of units as of
units in
all banks all branches Dec. 31,
relation to (in millions
1961
population: of dollars)
1 per—
865
62
230
300
159
1,541
236
526
602
724
7,500
3,000
6,900
6,800
5,600
17,121
884
3,984
3,955
5,426
8,540
Total
States prohibiting branch banking, or with
no laws regarding branch banking:
Colorado
Florida
Illinois
.
Minnesota
Montana
New Hampshire 3
Texas
_
West Virginia
Wyoming 3
676
174
296
302
565
6,558
15,098
7,000
165,929
194
322
976
689
123
74
1,018
181
55
1
195
322
976
695
123
76
1,030
181
55
9,200
16,600
10,600
5,000
5,600
8,300
9,600
10,200
6,200
2,548
5,792
21,142
4,973
945
510
14,792
1,523
499
6
2
12
3,632
Total United States
Possessions:
Canal Zone *
Guam <
Puerto Rieo 5
American Samoa
Virgin Islands 8
Total possessions
Total United States and possessions.
21
3,653
9,400
52,724
13,405
11,073
24,478
7,600
278,538
11
1
1
Total
108
119
1
3
20,300
20,000
11,300
20
34
862
6
43
13
110
123
21,000
965
13,418
11,183
24,601
7,600
279,503
2
1 These states, while permitting statewide branching in general, subject state banks to various conditions
such as the requirement of take over, consent and home office protection.
2
State laws permit offices with limited powers only,
s State laws silent regarding branch banking.
< Figures represent foreign branches of banks in United States.
5 Figures include foreign branches of banks in United States.
NOTE.—Above figures do not include 515 mutual savings banks operating 544 branches with total resources
of $42,833 million.
Applications To Organize National Banks
The 89 applications to organize national banks received during
1961 represents a sharp increase over applications received during
the preceding year. In addition, eight applications were received
between January 1, 1961, and December 31, 1961, for consent to
convert from State to national charter.
As of January 1, 1961, 49 applications to establish new banks and
3 applications for conversion to national charter were pending. As
of December 31, 1961, there was a total of 149 applications to establish
national banks. They are accounted for as follows:
Charters issued
Approved (preliminary)
Applications rejected
Applications withdrawn
Applications pending as of Dec. 31, 1961
Total
644637—62-
34
24
25
11
55
._.____.___
149
14
REPORT OF THE COMPTROLLER OF THE CURRENCY
The following shows the distribution by States of the 34 charters
issued, including the dollar total of capital accounts involved:
[Dollars in thousands]
Number
opened
State
1
1
2
2
5
1
2
2
2
3
1
1
2
1
1
5
2
Arkansas
California
Colorado
Florida
Illinois
Indiana
Iowa
Kansas
Maryland
Michigan
Minnesota- ,_,
New Jersey
New York
Oklahoma
South Carolina. __
TexasWisconsin
Total
-
..
Conversion
Primary
1
2
5
1
2
2
1
1
1
1
1
1
5
2
26
34
Total
capital
structure
1
$401
3,460
1,752
1,950
2,160
350
460
750
2,912
16,939
600
500
2,050
600
350
2,710
800
2
1
3
1
38,614
8
Bank Consolidations, Mergers, and Sales
During 1961, the Comptroller approved 72 consolidations, mergers,
or cash absorptions, as compared to 87 in 1960. In 1961, 72 national
banks absorbed 28 national and 44 State banks. Sixteen national
banks and 47 State banks were absorbed by other State banks, as
compared to 49 such absorptions the previous year.
Consolidations, mergers, purchases—1961
Total resources (in
millions
of dollars)
National banks consolidated or merged with and into 22 national banks
State banks consolidated or merged with and into 37 national banks
National banks purchased by 6 national banks
State banks purchased by 7 national banks
_
Approved by the Comptroller of the Currency
684
519
20
_.
1,262
National banks purchased by 3 State banks
National banks consolidated or merged with and into 13 State b a n k s . . .
State banks merged, consolidated, or purchased by other State banks...
17
249
3,000
63
135
Approved by State banking departments
_
Total banks absorbed
_
_
3,266
4,528
Conversions
Number
State banks converted into national banks..
National banks converted into State banks..
Total-
.._
Resources
(in millions of
dollars)
8
1
315
2
30.O—converted into 8 national banks.
.2—converted into 1 State bank.
9
317
30.2.J
Capital structure
(in millions of dollars)
» Reserves included in capital structure.
Shareholders of the banks which consolidated or merged with 59
national banks received cash and stock representing a premium of
REPORT OF THE COMPTROLLER OF THE CURRENCY
15
$31,437,225 based on the book value of assets contributed to the
consolidation. This premium averaged 2.06% of aggregate deposits
acquired. Based upon estimated fair value of assets contributed,
these shareholders received a premium of $34,270,761 or an average
of 2.24% of the aggregate deposits acquired by the continuing banks.
The difference is accounted for through adjustments made to arrive
at a fair appraisal value for fixed assets (bank premises, furniture,
and fixtures), bond appreciation or depreciation, allowances for pension fund adjustments, excess reserves for taxes, etc.
The shareholders of 6 national banks and 7 State banks, which were
purchased by 13 national banks, received $7,193,000 in cash or stocks,
or $1,452,414 in excess of the selling banks' aggregate capital structures. This amounted, on the average, to 2.72 percent of the selling
banks' deposits.
In the period from January 1, 1950, through December 31, 1961,
the Comptroller's office approved the acquisition by national banks of
468 national banks and 504 State banks through consolidation, merger,
or sale. After approval by their respective State banking departments, State-chartered banks absorbed 281 national banks. In
addition, 517 State-chartered banks consolidated or merged with or
were purchased by other State-chartered institutions. 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 through
Dec. 81, 1961
Number
of
banks
192
110
166
468
180
110
214
504
1
1
2
4
976~
W
100
517
798
1,774
Total resources (in
millions
of dollars)
Type
National banks consolidated with and into national banks
National banks merged with other national banks „„ ^
National banks purchased by other national banks
4,322
2,540
1,505
Total—
8,367
State-chartered banks consolidated with and into national banks
State-chartered banks merged with national banks
State-chartered banks purchased by national banks
Total
4,068
1,228
1,395
6,691
District of Columbia nonnational bank consolidated with and into District of Columbia national bank,
District of Columbia national bank purchased by District of Columbia nonnational
bank
_
District of Columbia nonnational banks purchased by District of Columbia nonnational banks
_._
Total....
.__
Approved by Comptroller of the Currency
55
75
86
216
_
National banks consolidated or merged with State-chartered banks
.-.
National banks purchased by State-chartered banks
State-chartered banks, merged, consolidated, or purchased by other State-chartered
banks
-_
_
15,274
9,854
931
11,384
Approved by State banking departments
22,169
Total for absorbed banks
37,443
CONVERSIONS—1950 THROUGH DEC. 31, 1961
National banks converted into State-chartered banks..
State-chartered banks converted into national banks...
1,261
16
REPORT OF THE COMPTROLLER OF THE CURRENCY
Fiduciary Activities of National Banks
As of December 30, 1961, 1,763 national banks, or 39.1 percent,
were authorized by the Board of Governors of the Federal Reserve
System to exercise trust powers. In addition, three nonnational
banks located in the District of Columbia were exercising trust powers.
National banks with trust powers but not exercising them numbered
239, or 13.6 percent of those with trust powers. Of this group, 28 were
granted powers during 1961, and it is presumed that they will become
active in 1962.
During the year 1961, 50 national banks were added to the list of
those with trust powers, and 10 received supplemental powers.
The trust powers of 23 national banks were terminated, 18 by consolidation or merger, 4 by liquidation, and 1 by surrender of powers.
There is no uniform system for carrying values of trust department
assets among corporate fiduciaries. Essentially there are two systems
employed which are (1) cost for assets purchased with appraised
values for assets received in kind, and (2) unit value. Unit value
systems carry bonds at $1 per $1,000 and stock at $1 per share, or
sometimes par value is used. A combination of both systems is
usually found in any trust department, and figures taken from trust
ledgers have little meaning in relation to the actual value of the
property held. The unit value system has the advantage of permitting
assets to be set up immediately at a permanent carrying figure for
audit purposes, but usually requires the keeping of another set of
books for tax purposes.
The trust figures as to dollar value which appear in this report and
its appendix, except for figures on employee welfare and pension
benefit plans for which national banks are trustees, are valuable
primarily for comparative purposes from year to year. It is believed
that to require national banks to furnish market values as of any
given date would place a substantial and unjustified burden upon the
banks.
Of the total liabilities for accounts held by trust departments of
national banks as of December 30, 1961, 36.5 percent were in living
and court accounts, and 59.9 percent in agency-type accounts, and
3.7 percent in all other liabilities. Gross earnings for 1961 were
$218,765,000, which is an increase of $18,166,000 over the previous
year and an all-time high.
At the end of 1961 there were 300 common trust funds operated
under section 17(c) of Regulation F in 199 national banks. These
funds showed a total ledger value of $948,737,610. Three nonnational
banks in the District of Columbia operated four such funds with total
ledger value of $14,065,796.
Tables 22 and 23 of the appendix show for the fourth time the
market value of securities held in employee benefit accounts for which
national banks are trustees. Most of the valuations were made during
the year 1961, but a few 1960 and 1962 valuations have been used.
Agency accounts held by the banks which are not the trustee of any
such plan are not included in the agency figure. The figures submitted cover 811 national banks and 3 nonnational banks, located in
the District of Columbia, which is an increase of 5.4 percent during the
REPORT OF THE COMPTROLLER OF THE CURRENCY
17
year. The increase since the previous report is 11.7 and 24.9 percent
in the number of plans and market value where the bank is trustee and
has investment authority. For plans where the bank is trustee with
no investment responsibility, the increase is 7.2 and 11.1 percent,
respectively.
Litigation
In January 1961 the Camden Trust Co., Camden, N.J., brought an
action in the U.S. District Court for the District of Columbia, seeking
a declaratory judgment and an injunction to prevent the Comptroller
from issuing a certificate of authority for the establishment and
operation of a new national bank in Delaware Township, N.J., to be
known as Delaware Valley National Bank of Delaware Township.
It was contended that the new bank would be in effect a branch of the
Haddonfield National Bank, Haddonfield, N.J., which could not
legally be established. The Comptroller had granted preliminary
approval to the application, subject to certain conditions. Motions
by the Comptroller and the new bank for summary judgment were
granted and the action dismissed on August 16, 1961. The judgment
was affirmed by the U.S. Court of Appeals for the District of Columbia
on January 18, 1962, Camden Trust Co, v. Gidney, 301 F. (2d) 521.
Petition to the U.S. Supreme Court for a writ of certiorari was denied
on May 21, 1962, 369 U.S. 886.
In January 1961 the Bank of Dearborn, Dearborn, Mich., brought
an action in the U.S. District Court for the District of Columbia
against the Comptroller, seeking a declaratory judgment and an
injunction to require the Comptroller to revoke the authority of the
National Bank of Detroit, Detroit, Mich., to operate a branch bank in
Dearborn Township, Wayne County, Mich., on the grounds that the
establishment of the branch was illegal. The issue was the existence
of an unincorporated village. In December 1960, the Bank of Dearborn had brought a similar action in the U.S. District Court for the
Eastern District of Michigan against the National Bank of Detroit.
Both suits were brought to protect the position of the Bank of Dearborn pending review by the Michigan Supreme Court of a similar
action in a Michigan State court brought by that bank against the
State banking commissioner and the Michigan bank. Both were dismissed by stipulation in May 1962, after the principal case was decided
adversely to the Bank of Dearborn.
In May 1961, the State of Colorado, on behalf of the Center State
Bank, Denver, Colo., and the Banking Board for the State of Colorado, brought an action in the U.S. District Court for the District of
Colorado seeking a declaratory judgment and an injunction to prevent
the Comptroller from issuing a certificate of authority for the establishment and operation of a new national bank in the town of Glendale,
Arapahoe County, Colo. It was contended that the new bank would
be, in effect, a branch of the Cherry Creek Bank, Denver, Colo., which
could not under Colorado law legally be established. No action had
been taken by the Comptroller on the application. The action was
dismissed without prejudice in Colorado because of lack of jurisdiction
over the Comptroller and a new action brought in the U.S. District
Court for the District of Columbia based on the same allegations.
18
REPORT OF THE COMPTROLLER OF THE CURRENCY
The latter action was voluntarily dismissed, without prejudice, by the
plaintiffs in January 1962. The same issues were raised in the Greeley,
Colo., case described below. Later, after a public hearing the Comptroller issued a certificate of authority to the the new bank in Glendale.
In May 1961, the complaint and action in the case of Community
National Bank of Pontiac v. Gidney in the U.S. District Court for the
Eastern District of Michigan were dismissed. The case involved a
branch of the Manufacturers National Bank of Detroit, which had
been established with the authority of the Comptroller in an unincorporated village in Michigan. After a trial, the district court concluded
that while in its judgement the area was not sufficiently developed to
constitute an unincorporated village, there was sufficient evidence to
the contrary that the Comptroller could reasonably have found otherwise. Accordingly, the court held that the Comptroller's decision
must be sustained. An appeal to the Court of Appeals for the Sixth
Circuit has not yet been decided.
In July 1961, the State of Colorado, on behalf of the Weld County
Bank, Greeley, Colo., and the Banking Board for the State of Colorado, brought an action in the U.S. District Court for the District of
Columbia seeking a declaratory judgment and an injunction to prevent
the Comptroller from issuing a certificate of authority for the establishment and operation of a new national bank in Greeley, Colo., to be
known as Cache National Bank. It was contended that the new bank
would be, in effect, a branch of the Greeley National Bank, Greeley,
Colo., which could not legally be established. The Comptroller had
granted preliminary approval of the application. The Cache National
Bank was permitted to intervene as a defendant. On motion of
the defendants, the complaint and action were dismissed on the merits
on January 24, 1962.
Three merger transactions approved by the Comptroller of the
Currency became the subject of antitrust actions brought by the
Department of Justice against the merging banks. In each of these
cases the Comptroller had considered the merger under the provisions
of section 18(c) of the Federal Deposit Insurance Act (12 U.S.C.
1828(c)), and in the light of the statutory criteria contained therein,
had concluded that the merger would be in the public interest. The
antitrust cases did not involve a direct review of the Comptroller's
decisions that the mergers would be in the public interest, but solely
whether the mergers would be in violation of any applicable antitrust
laws.
Nevertheless, in the first of these cases, United States v. The Philadelphia National Bank and Girard Trust Corn Exchange Bank, 201 F.
Supp. 348, the Court commented upon the anomalous situation in
which the Attorney General "challenged in the court the findings of"
an official of another executive department, as follows:
As before stated, this is the first action tried after the passage of the Bank
Merger Act of 1960. The controversy inherent in the case between coordinate
branches of the Executive Department of Government is to be regretted. Congress, in passing the Bank Merger Act, deliberately fixed the responsibility of approving or disapproving proposed mergers of national banks in the Comptroller
of the Currency. This responsibility was fixed despite vigorous protests of
individual bankers and the Department of Justice. The Comptroller of the Currency then, by Act of Congress, was of necessity required to consider the reports
REPORT OF THE COMPTROLLER OF THE CURRENCY
19
of the Federal Reserve Board, the Federal Deposit Insurance Corporation, and
the Attorney General, with respect to the competitive factors involved. All three
of these Departments of Government reported that in the opinion of their experts,
the consummation of the proposed merger would adversely affect competition in
the Philadelphia area. The Federal Deposit Insurance Corporation concluded
that the merger would not be adverse in the regional, national, and international
field of competition. With these reports available to him, and after considering
them, the Comptroller, in pursuance of his statutory duty, reviewed them and
despite their content, approved the merger as not involving undue concentration
of banking power, not tending toward a monopoly, not destructive of competition
in the commercial banking field, and definitely in the public interest. The Court,
after a full trial, agrees completely with the conclusions of the Comptroller of
the Currency.
This is one of the few instances in which one Department of the Government,
after having been consulted and its advice not being followed, has challenged in
the court the findings of a coordinate Department of the Executive Branch of the
Government on the basis of disagreements between Departments of our Government. And what is the expertise of these three dissenting coordinate branches of
the Executive Department that prompted this challenge? The Courts have uniformly held that once Congress has reposed its confidence in the expertise of a
particular Department, the Courts should not substitute its judgment in the place
and stead of the Department involved. The Government has asked this Court,
without the production of a single shred of evidence, and on the basis of reports
no more illuminating than that of the Comptroller of the Currency, to give legal
effect to the conclusions of the dissidents, rather than the Department charged
with the responsibility.
This Court fails to see how any court, without some factual basis being laid
therefor, could accede to any such request . . . . 201 F. Supp. 348, 370-371.
This case has been appealed to the U.S. Supreme Court. The merger
has not been consummated pending the litigation.
The second case, United States v. First National Bank & Trust
Company, Security Trust Company, and First Security National Bank
& Trust Company of Lexington, has been tried in the U.S. District
Court for the Eastern District of Kentucky.1 This action was brought
after the merger was consummated.
The third case, United States v. Continental Illinois National Bank
cfc Trust Company of Chicago and City National Bank <& Trust Company
of Chicago, is awaiting trial. The merger was consummated after the
court had denied a motion for a preliminary injunction pending the
outcome of the litigation. In the course of its order denying the injunction, the court stated: "any restraining order would nullify the
finding of the Comptroller of the Currency that the merger is in public
interest without affording the banks an opportunity to litigate it."
National Banks Placed in Receivership
During the year ended December 31, 1961, the Federal Deposit
Insurance Corporation was appointed by the Comptroller of the
Currency as receiver of two msolvent national banks—the First
National Bank of Maud, Maud, Okla., and the Sheldon National
Bank, Sheldon, Iowa. Both of these receiverships resulted from large
defalcations in excess of the normal surety bond protection and exceeding the amounts of the total capital structures of each bank.
During a routine examination of the Sheldon National Bank, Sheldon,
Iowa, a shortage was discovered by the examiner, shortly followed by
the admission by a bank official of responsibility for a total shortage
in excess of $2 million. Operation of the bank was immediately
* Decided on July 27,1962 In favor of the banks.
20
REPORT OF THE COMPTROLLER OF THE CURRENCY
suspended by resolution of the board of directors as of the close of
business January 16,1961, with appointment by the Comptroller of the
Currency of the Federal Deposit Insurance Corporation as receiver of
the bank on January 17, 1961. Similarly, during a routine examination of the First National Bank of Maud, Maud, Okla., the examiner
discovered on December 19, 1961, a substantial shortage, followed by
the admission by two bank officials of the responsibility for such
shortage. The Comptroller of the Currency thereupon declared the
bank insolvent and appointed the Federal Deposit Insurance Corporation as receiver as of December 19, 1961.
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
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 a 2-year period. In addition to the regular examinations,
special examinations are conducted of banks when it is considered
necessary. 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, 1961, 6,542 examinations of
banks, 7,774 examinations of branches, 1,540 examinations of trust
departments and trust branches, and 72 examinations of affiliates were
conducted. One State bank was examined in connection with consolidations and mergers with, or purchase by, national banks, and five
State banks were examined in connection with conversions to national
banks. Investigations were conducted in connection with applications
for 66 new charters and 553 new branches.
Organization and Staff
Mr. James J. Saxon was appointed Comptroller of the Currency on
November 16, 1961, to succeed Mr. Ray M. Gidney, resigned. Mr.
Saxon left The First National Bank of Chicago, Chicago, 111., to accept
the appointment. On January 6, 1961, Assistant Chief National Bank
Examiner R. L. Miller retired and National Bank Examiner William
B. Camp was promoted to succeed him. Assistant Chief National Bank
Examiner F. Parker West retired on September 1, 1961, and he was
succeeded by National Bank Examiner C. L. DeRemer. On October 16, 1961, National Bank Examiner Joseph G. Lutz was promoted
to the position of Assistant Chief National Bank Examiner in the
Washington office.
On December 1, 1961 the Comptroller announced the creation of a
new position of Administrative Assistant to the Comptroller of the
Currency. Mr. Arnold E. Larsen, an Assistant Chief National Bank
REPORT OF THE COMPTROLLER OF THE CURRENCY
21
Examiner in the Washington office since May, 1957, was appointed
to this position.
The total personnel of the Office of the Comptroller of the Currency
on December 31, 1961, consisted of 1,210 persons, 196 of whom were
employed in the Washington office, including 34 in the Federal Reserve
Issue and Redemption Division, the operating expense of which is
borne by the Federal Reserve banks. The total number employed
in the Washington office increased by two during the year. The
number in the field service increased by 18 during the year 1961 to a
total of 1,014.
More than 88 percent of the personnel consisted of the national bank
examining staff, which at the year end numbered 269 examiners and
625 assistant examiners. During the year 16 national bank examiners
left the service by resignation, retirement, and death, and 3 were
promoted to Assistant Chief National Bank Examiner in the Washington office. Also during the year 22 assistant examiners were promoted to examiner, resulting in a net increase of 3 national bank
examiners. Of the staff of assistant examiners, 119 left that status
during the year by resignation, retirement, promotion to examiner,
etc., and 133 assistant examiners were added to the staff, a net increase
of 14.
The educational program for national bank examiners and assistants, mentioned in previous reports, continued during the year, and
at the year end 505 examiners and assistants had completed the courses
given in the interagency school established jointly in 1952 by the
Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, and the Federal Deposit Insurance Corporation.
Courses at the Graduate Schools of Banking" at Rutgers University,
the University of Wisconsin, the University of Washington, the University of Louisiana, the University of Colorado, Southern Methodist
University, and the National Trust School at Northwestern University
had been completed by 92 examining staff members at the year end,
and 20 were still enrolled in courses at these schools. Extension courses
given by the American Institute of Banking had been completed by
322 members of the examining staff at the year end, and 281 were still
enrolled in these courses.
Expenses of the Bureau
The total cost of bank supervision for the current year was $12,104,582.69, or $734,782.05 more than the total cost for the year 1960.
Increases in salaries amounted to $464,168.23. An increase of $162,085.24 occurred in per diem costs for the year 1961. Increases in
additional expense categories aggregated $141,321.63. The decreases
in other cost items amounted to $32,793.05.
Funds used in payment of the bank supervision costs are derived
from assessments against the banks supervised. All costs of operating
the division which handles the currency issue and redemption functions
are paid by the Federal Reserve banks.
22
REPORT OF THE COMPTROLLER OF THE CURRENCY
A summary statement of the operating expenses of the Bureau for
the year ended December 31, 1961, follows:
Bank supervision
Salaries
_
_
Per diem
Transportation
Supplies
_
Printing, books and periodicals
_.
Rent
Furniture and fixtures
Communications
_
F ixe d ch arges
Maintenance.".
Treasurer's Federal Reserve note audit expense
Employer's FIC A, health benefit, and group insurance con
tributions
Employer's civil service retirement contributions
Miscellaneous
_
Currency
issue and
redemption
Total
$178,064.33
0
0
707.74
526.87
0
0
558.54
17,232.23
177.76
14,620.00
$8,746,278.50
1,813,455.06
663,046.26
31,412.36
84,359.15
159,860.64
29,070.73
74,340.34
17,232.23
177.76
14,620.00
96,846.21
548,839.49
36,931.43
2,206.67
11,487.37
7,162.53
99,052.88
560,326.86
44,093.96
12,104,582.69
Total
$8,568,214.17
1,813,455.06
663,046.26
30,704.62
83,832.28
159,860.64
29,070.73
73,781.80
0
0
0
232,744.04
12,337,326.73
Automation
The interest of national banks in automation was illustrated in a
recent survey completed by this Office. Of the 4,500 banks covered,
more than 1 in 4 reported some type of automatic data-processing
equipment now in use, with many more disclosing plans for conversion
to such equipment in the near future.
Also, cooperative ventures among banks in the ADP field are increasing. Contracts with service bureaus or larger banks are the most
common of the several methods employed, although many banks are
already using or contemplating the feasibility of central automatic
data-processing centers owned and operated by a group of banks.
As expected, the charts detailed below indicate that electronic bookkeeping machines are widely used and the larger institutions have the
work volume to justify the expense of their own sorter-readers and
computers.
The services chart shows that national banks are utilizing their
automatic data-processing equipment where the need is the greatest.
The chart illustrates that services requiring the processing of a large
volume of items such as regular and special checking accounts, consumer installment credit, and regular sayings accounts are among the
first converted to automatic data processing, with trust departments of
the larger banks not far behind.
REPORT OF THE COMPTROLLER OF THE CURRENCY
23
Automatic data-processing equipment in use
(Types of equipment used by number of banks by deposit groups)
[Deposits (millions)]
Type
Under 5
Electronic bookkeeping machines
5-10
10-30
30-100
over 100
Total
Magnetic ink sorter readers
Electronic computers
Total
152
3
4
0
285
5
24
3
350
8
36
3
176
40
39
11
94
109
52
46
1,057
165
155
63
159
Plinnhfid-flftrd installations
317
397
266
301
1,440
Number of institutions whose automatic data processing is conducted outside the banking premises
through—
Number
Joint ownership and operated by a group of banks
13
Ownership by a clearing house, bankers association, etc
1
Contract with a service bureau or larger bank
28
Total
Number of banks included in survey
Number of banks not having automation
42
4,500
3,318
Automatic data-processing equipment contemplated
Type
Under 5
Electronic bookkeeping machines
Punched-card installations
Magnetic ink sorter readers
Electronic computers.
Total
_ __
5-10
10-30
30-100
over 100
Total
13
0
3
0
18
0
10
3
38
12
11
11
16
6
9
23
8
8
33
53
93
26
66
90
16
31
72
54
102
275
Services performed
(Types of services by number of banks by deposit groups)
[Deposits (millions)]
Type of accounts serviced
Deposits
Loans _
Trust
Total
_
Under 5
5-10
30-100
10-30
over 100
Total
1,934
213
256
11
465
4
619
4
329
40
265
154
0
0
0
19
122
141
267
469
623
388
541
2,288
A comparison of the assets and liabilities of the banks in the national
banking system as of December 31, 1960, April 12, June 30, September
27, and December 30, 1961, reported pursuant to calls for condition
statements by the Comptroller of the Currency, is shown in the
following table.
and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31, 1960
(4,530 banks)
Apr. 12, 1961
(4,523 banks)
June 30, 1961
(4,524 banks)
Sept. 27, 1961
(4,523 banks)
63,693,668
32,615,321
96,402
9,408,711
1,407,576
324,184
63,595,879
32,228,779
122,019
9,927,654
1,325,874
333,660
63,439,852
33,397,413
124,680
10,123,742
1,419,736
337,241
65,126,699
35,613,945
124,167
10,630,990
1,590,467
340, 572
67,308,734
35,959,763
127,915
11,077,350
1,569,230
359,281
107,545,862
28,674,506
1,685,524
51,164
173,611
463, 691
666,509
107,638,865
25,440,116
1,749,325
54,303
185,369
446,326
691,541
108,842,664
25,274,240
1,774,055
53,978
187,073
441,638
725,347
118,426,840
24,489,635
1,807,908
58,226
191,515
459,098
750,041
116,402,273
31,078,445
1,849,848
61,365
191,196
479,808
746,117
139,260,867
136,100,845
137,298,995
141,183,263
150,809,052
63,131,263
36,761,292
3,456,544
9,297,327
10,439,491
1,824,934
61,274, 612
38,922,341
1, 576,344
9,187,440
8,611,099
1,492,826
59,212,875
40,338,073
3,756,972
9, 762,861
7,848,020
1,566,137
60,131,865
41,379,308
4,843,695
9,164,153
8,252,977
1,399,562
67,138,117
42,034,484
3,527,015
10,270,143
10,463,584
2,077,274
124,910,851
121,064,662
122,484,938
125,171,560
135,510,617
78,970,876
42,098,787
78,891,899
43,598,089
80,512,872
110,590
3,189
474,565
2,663,334
686,157
3,158
454,133
2,546,550
355,466
3,338
448,976
2,567,224
1,085,863
3,447
467,225
2,776,551
224,615
3,773
489,640
2,705,101
128,162,529
124,754,660
125,859,942
129,504,646
138,933,746
Dec. 30,1961
(4,513 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 stocks of Federal Reserve banks
Total loans and securities
Cash, 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 assests indirectly representing bank premises or other real estate
Customers' liability on acceptances
Other assets
Total assets
_
w
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time and savings 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 officers' checks, etc.)
_
_
Total deposits
Demand deposits
_„_
_
Time and savings deposits
Rediscounts and other liabilities for borrowed money
Mortgages or other liens on bank premises and other real estate
Acceptances outstanding
Other liabilities
_
Total liabilities
_
_
_
_
45,646,168
3
Ct
3
CAPITAL ACCOUNTS
Capital stock (see memoranda below)
Surplus
.
Undivided profits
_
Reserves and retirement account for preferred stock
3,510,219
5,655,738
2,237,432
275,228
3,577,244
5,935,779
2,080,103
282,180
3,342,850
5,446,143
2,030,052
279,293
Total liabilities and capital accounts
3,478,403
5,620,169
2,071,321
269,160
11,098,338
»
Total capital accounts
3,459,094
5,572,040
2,047,520
267,531
11,346,185
11,439,053
11,678,617
11,875,306
150,809,052
139,260,867
136,100,845
137,298,995
141,183,263
3,341,320
1,530
3,457,622
1,472
3,477,080
1,323
3,506,951
3,268
3^3,976
3,459,094
3,478,403
3,510,219
3,577,244
1,636
1,487
3,432
3,432
17,397,923
18,344,989
19,855,506
19,714,026
MEMORANDA
Par value of capital stock;
Common stock
Preferred stock
_
_
Total
Retirable value of preferred capital stock
,
Assets pledged or assigned to secure liabilities and for other purposes (including notes and
bills rediscounted and securities sold with agreement to repurchase)
-
17,409,980
to
Crc
26
REPORT OF THE COMPTROLLER
OF THE CURRENCY
TRENDS INIBANKING
The following table shows the changes that have occurred in recent
years in the relationships of the major asset and liability accounts of
national banks to the aggregate of assets and liabilities.
Distribution of assets and liabilities of national banks , Dec. 81, 1958-61
1958
1961
Percent
23.95
6.81
.19
1.21
Percent
23.49
6.76
.19
1.05
Percent
23.93
7.34
.19
1.09
36.33
32.16
31.49
32.55
40.99
12.21
8.65
1.03
.03
.76
45.21
12.23
8.48
1.11
.03
.78
45.74
12.95
7.64
1.21
.04
.93
44.63
13.43
7.18
1.23
.04
.94
100.00
100.00
100.00
100.00
47.97
25.32
1 99
6.54
7.62
1.46
47.12
25.92
2 21
6.39
7.13
1.43
45.33
26.40
2.48
6.67
7.50
1.32
44.62
27.87
2.34
6.81
6.94
1.38
90.90
90.20
89.70
89.86
6S.16
27.7A
1.59
68.85
27.85
2.03
60.86
28.8A
2.33
59.66
SO. 20
2.27
2.29
3.67
1.55
- _
1960
Percent
27.81
6.87
.18
1.47
ASSETS
Securities:
U.S. Government, direct and guaranteed
Obligations of States and political subdivisions
Stock of Federal Reserve banks...
Other bonds and securities
Total securities
Loans and discounts
Cash and balances with other banks, excluding reserves
Reserve with Reserve banks.
TRank preTnises, fnrn1tnrft, ?vnd fixtures
Other real estate owned_
All other assets
Total assets
1959
2.39
3.82
1.56
2.40
3.91
1.66
2.37
3.93
1.57
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:
Capitalstock
Surplus
_ _
Undivided profits and reserves
Total capital funds
7.51
7.77
7.97
7.87
100.00
Total liabilities and capital funds
100.00
100.00
100.00
INCOME, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR YEAR
ENDED DECEMBER 31, 1961
Summaries of the income, expenses, and dividends of national banks
for the years ended December 31, 1960 and 1961, are shown in the
following table.
Income,
expenses,
and dividends
of national banks for years ended Dec. 81, 1960
and 1961
[In millions of dollars]
1961
Number of banks *
Capitalstock (par value) 2
Capital accounts *
Current operating revenue:
Interest and dividends on—
U.S. Government obligations...
Other securities
Interest and discount on loans
Service charges on deposit accounts.
Other current operating revenue
Total
See footnotes at end of table.
1960
Change
since 1960
4,513
3*466.2
11,470.9
4,530
3,259.3
10,695.5
-17
+206.9
+775.4
1,030.7
338.2
3,759.4
351.5
564.4
941.7
307.7
3,662.5
327.7
516.0
+89.0
--30.5
--96.9
--23.8
--48.4
6,044.2
5,755.6
+288.6
REPOET OF THE COMPTROLLER OF THE CURRENCY
27
Inconet expenses, and dividends of national banks for years ended Dec. 81, 1960
and 1961—Continued
[In millions of dollars]
Change
since 1960
1961
1,595.7
1,158.5
1,310.9
Total
—
+71.4
—2.4
+23.1
8.6
38.0
50.5
-8.7
-20.8
309.7
+61.9
122.1
102.0
-82.7
+52.3
16.3
264.9
63.0
-4.5
-1.0
— 7
+.4
532.8
Total
-.
Net income before dividends
Cash dividends declared:
OT> com m on ptoffc
On preferred stock
„
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)
Ratios:
Expenses to gross income. Net income before dividends to capital accounts
Cash dividends to capital stock
Cash dividends to capital accounts
-35.5
1,787.7
+30.2
734.6
41.1
Taxes on net income:
Federal
State..
568.3
1,817.9
Net income before related taxes
Total
171.8
7.5
33.3
16.7
260.4
62.0
Total
-67.2
39.4
154.3
_
Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses and chargeoffs.Transfers to valuation reserves
On loans:
Losses and chargeoffs
Transfers to valuation reserves .
__
Allother
__>-__
+355.8
2,046.3
371.6
Recoveries, transfers from valuation reserves, and profits:
On securities:
Profits on securities sold or redeemed
Recoveries
Transfers from valuation reserves
. __
On loans:
Recoveries
Transfers from valuation reserves
.__
Allother
.._
3,709.3
1,979.1
7.9
29.3
29.7
-_.
+99.3
+179.8
+76.7
243.2
5.1
56.4
Total
Net current operating earnings
1,496.4
978.7
1,234.2
4,065.1
Current operating expenses:
Salaries, wages, and fees
Interest on time and savings deposits
Other current operating expenses-.
1960
704.8
36.5
+29.8
775.7
741.3
+34.4
1,042.2
1,046.4
-4.2
486.0
.1
450.8
.1
+35.2
.0
486.1
450.9
+35.2
5.6
44.5
13.7
42.9
-8.1
+1.6
11.8
148.1
165.6
32.2
38 0
100.7
—20.4
+110 1
+64.9
Percent
66.76
9.09
14.02
4.24
Percent
64.45
9.78
13.84
4.22
Percent
+2.31
—.69
+.18
+.02
+4.6
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.
28
REPORT OF THE COMPTROLLER OF THE CURRENCY
STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM
The authorized capital stock of the 4,513 national banks in existence
on December 31, 1961, consisted of common capital stock aggregating
$3,574,828,169, a net increase during the year of $232,554,877, and
preferred capital stock of $3,268,300, a net increase of $1,738,930.
These figures include one bank recently chartered but not yet open for
business and one bank in the process of going into voluntary liquidation. The figures exclude two banks which furnished reports of condition in response to the call, although they had merged or consolidated
with two State banks, effective as of the year end.
In addition to 52 applications with proposed common capital stock
of $17,025,000 carried over from the previous year, 97 applications
were received to organize national banks and to convert State banks
into national banking associations with proposed capital stock of
$34,317,250. Of these applications, 44 with proposed capital stock of
$20,366,000 were approved; 25 with proposed capital stock of
$6,400,000 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 1961, 34
national banking associations with common capital stock of
$14,651,000 and preferred capital stock of $2 million were authorized
to commence business. Of the charters issued, eight with common
capital stock of $6,306,000 and preferred capital stock of $2 million
resulted from the conversions of State banks.
Changes in the number and capital stock of national banks during
the year ended December 31, 1961, are shown in the following
summary.
29
REPORT OF THE COMPTROLLER OP THE CURRENCY
Organization, capital stock changes, and national banks closed as reported during
the year ended Dec. 31, 1961
Number
of banks
Capital stock
Common
Increases:
Banks newly organized:
Primary organizations
___
Reorganizations
Conversions of State banks
Capital stock—common:
182 cases by statutory sale
_
472 cases by statutory stock dividend
1 case by stock dividend under articles of association..
1 case by conversion of preferred stock
25 cases by statutory consolidation.
__
25 cases by statutory merger
Total increases..
26
6,306,000
34
644637—62
8
$2,000,000
240,267,359
2,000,000
895,000
400,000
50,000
50,000
., 101,200
75,000
112,270
33,782
25,000
82,500
Total decreases.
$8,345,000
35,120,901
165,452,948
25,000
111, 600
14,477,940
10,427,970
Decreases:
Banks ceasing operations:
Voluntary liquidations:
Succeeded by national banks
Succeeded by State banks
__
No successor
_
Statutory consolidations
.
Statutory mergers
_
Conversion into State bank
Merged or consolidated with State banks (Public Law
706)
_.
_
Receiverships.
_
__
Capital stock:
Preferred:
1 case by conversion into common stock
4 cases by retirement
Common:
2 cases by statutory reduction
1 case by statutory consolidation
1 case by statutory merger
Net change
_
Charters in force Dec. 31,1960, and authorized capital stock
Charters in force Dec. 31,1961, and authorized capital stock—...
Preferred
7,712,482
261,070
-14
4,527
232, 554,877
3,342,273,292
1, 738, 930
1, 529,370
4,513
3,574,828,169
3,268,300
30
REPORT OF THE COMPTROLLER OF THE CURRENCY
NATIONAL BANK NOTES^OUTSTANDING
There were, as of December 31, 1961, $53,776,697.50 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 30, 1961, amounted to $322,336 million,
an increase of $23,403 million since December 31, 1960.
The total deposits at the end of 1961 amounted to $287,991 million,
an increase of $21,106 million over 1960. Included in the latter
aggregate are deposits of individuals, partnerships, and corporations
of $240,388 million, an increase of $19,634 million in the year. Deposits
of the U.S. Government, including postal savings deposits, were
$6,271 million, an increase of $29 million; deposits of States and
political subdivisions amounting to $17,843 million showed an increase
of $1,473 million, and deposits of banks of $18,410 million were
$489 million less than in 1960.
Loans and discounts amounted to $154,843 million in December
1961 after deducting reserves of $2,846 million for possible future
losses. The net loans were $9,588 million over the amount reported
as of the end of 1960. Commercial and industrial loans of $45,538
million were $2,075 million more than the 1960 figure; real estate
loans of $59,587 million were up $3,846 million, and all other loans
of $52,564 million increased $3,923 million.
The banks held obligations of the U.S. Government, direct and
guaranteed, of $72,822 million in December 1961, an increase of
$5,479 million in the year. Obligations of States and political subdivisions held amounted to $21,064 million, an increase of $2,783
million, and other securities held amounted to $8,655 million, an
increase of $262 million. The total of all securities held at the end of
1961 was $102,541 million, and represented 32 percent of the banks'
total assets. At the end of the previous year the ratio was 31 percent.
Cash and balances with other banks, including reserve balances, in
1961 were $57,487 million, an increase of $4,382 million since the
previous year end.
Total capital accounts were $26,296 million, compared to $24,603
million at the end of 1960, an increase of 7 percent.
A statement of the assets and liabilities of all classes of active banks
at the end of December 1960 and 1961 follows.
31
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of all banks in the United States and possessions, 1960 and
1961
[In millions of dollars]
Dec. 30,
1961
Dec. 31,
1960
Change
since 1960
13,933
13,971
-38
59,587
55, 741
+3,846
1,046
7,329
971
7,131
+198
6,213
5,127
+1,086
934
5,329
45, 538
28,277
3,436
687
5,003
43,463
26, 781
2,941
+247
+326
+2,075
+1,496
+495
157, 689
2,846
147,845
2,590
+9,844
+256
154,843
145,255
+9,588
72, 822
21,064
7,081
1,574
67,343
18,281
6,937
1,456
+5,479
+2, 783
+144
+118
102,541
Number of banks.
94, 017
+8,524
3,865
3,513
+352
53, 622
3,405
122
49, 592
3,108
+4,030
+297
+23
354
1, 676
1,908
305
1,428
1,616
+49
+248
+292
ASSETS
Real estate loans
_
Loans to financial institutions:
Domestic commercial and foreign banks
Other
_
_
Loans to brokers and dealers in securities and other loans for the
purpose of purchasing or carrying securities
Loans to farmers 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 balance, 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
322,336
Total assets..
+75
+23,403
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
Time and savings 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 officers' checks, etc.)
Demand deposits
Time and savings deposits..
Rediscounts and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding
Other liabilities
117,370
+7,800
103,384
6,242
16,370
18,899
4,620
+11,834
+29
+1,473
-489
+459
287,991
Total deposits.
125,170
115,218
6,271
17,843
18,410
5,079
266,885
+21,106
166,462
121,529
156,828
110,062
+9,689
+11,467
184
+310
1,473
5,788
+242
+52
296, 040
Total liabilities.
494
1,715
5,840
274,330
+21,710
6,700
52
15
13,540
5,086
6,284
53
15
12, 510
4,896
+416
CAPITAL ACCOUNTS
Common stock
Capital notes and debentures
Preferred stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock and capital notes
and debentures
322,336
845
+58
24,603
903
Total capital accounts
Total liabilities and capital accounts..
—1
+1,030
+190
+1,693
298,933
+23,403
NOTE.—-Figures for nonnational banks obtained from the Federal Deposit Insurance Corporation.
32
REPORT OF THE COMPTROLLER OF THE CURRENCY
REPORTS FROM BANKS
National banks in the continental United States, Hawaii, and the
Virgin Islands of the United States were, in accordance with the provisions of section 5211 of the Revised Statutes, called upon to submit
four reports of condition during the year ended December 31, 1961.
Reports were required as of April 12, June 30, September 27, and
December 30. Summaries from all condition reports, by States, are
published in pamphlet form. National banks were also required by
statute to obtain reports, unless waived by the Comptroller, of their
affiliates and holding company affiliates other than member banks as
of the four dates for which condition reports of the banks were obtained and to submit such reports to the Comptroller.
Under the general powers conferred upon him by law, the Comptroller obtained from each national bank during the period indicated
semiannual reports of income, expenses, and dividends; also reports
of condition of foreign branches as of December 30, 1961.
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 30, 1961.
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 Comptroller condition reports and reports of income, expenses,
and dividends identical with those obtained from national banks
during the year.
Detailed figures from reports of condition and income 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 1961, 449 member national banks in the
United States submitted 512 reports of affiliates. Included in these
figures are 206 banks in 27 States and the District of Columbia which
are members of 26 holding company groups. The number of banks in
each holding company group varied from 1 to 58. The actual number
of reporting affiliates and holding company affiliates was 332.
REPORT OF THE COMPTROLLER OF THE CURRENCY
33
In addition, there was one nonnational bank in the District of Columbia which is a member of the Federal Reserve System that reported
one affiliate to the Comptroller pursuant to the provisions of the code
of law for the District of Columbia.
ISSUE AND REDEMPTION OF NOTES
There were 688 shipments of new Federal Reserve notes (513,912,000
notes—aggregate value $5,570,720,000) made to the Federal Reserve
agents and the Federal Reserve branch banks. In addition, there were
46 deliveries of such notes (12,688,000 notes—aggregate value
$216,000,000) made to the Treasurer of the United States.
There was a total of 4,669 lots of unfit Federal Reserve notes and
Federal Reserve bank notes (526,852,830% notes—aggregate value
$6,180,009,523.50) received for verification and certification for
destruction.
There were 34 lots of national bank notes (86,517% notes—aggregate
value $1,544,023.50) received for verification and certification for
destruction.
There was a total of 278,004% badly damaged Federal Reserve
notes, Federal Reserve bank notes and national bank notes (aggregate
value $5,057,931) presented by the Treasurer of the United States for
identification approval.
34
REPORT OF THE COMPTROLLER OF THE
CURRENCY
DESCRIPTION OF EACH CONSOLIDATION, MERGER, AND
PURCHASE AND SALE TRANSACTION APPROVED BY THE
COMPTROLLER OF THE CURRENCY DURING THE YEAR
1961
Banking offices
Name of bank and type of transaction
Total assets
Gardner Trust Company, Gardner, Mass., with
and Worcester County National Bank, Worcester, Mass.
(14850), which had
_
consolidated Jan. 20, 1961, under charter and title of the
latter bank (14850). The consolidated bank at date of
consolidation had
$11,033,964
In operation
To be
operated
142,074,489
153,136,765
Summary of Report by Attorney General
Worcester County National Bank has 16 offices throughout Worcester County with total assets of $149,036,000, deposits of $128,161,000, and net current operating income for 1959 of $2,311,154.
Gardner Trust Company has 5 offices located in the northern portion of
Worcester County with total assets of $11,299,000, deposits of
$10,201,000 and net current operating income for 1959 of $148,659.
Worcester County National Bank is the largest commercial bank
in Worcester County with approximately 40% of all deposits, and
is as large as the five next largest banks combined. Gardner Trust
Company is the largest commercial bank in the northern portion of
Worcester County, and appears to compete with offices of Worcester
County Bank in that portion of the county. The acquisition of the
$11,299,000 total assets of Gardner Trust Company by the Worcester
County National Bank will consolidate the position of the acquiring
bank as the largest bank in the county, and also make it the largest
in each individual section of the county. The merger will substantially affect competition adversely and may tend to create a monopoly.
Basis for Comptroller's Approval
This was a consolidation of banks located in cities about 28 miles
apart. While both banks had branches, neither had a branch at a
place where the other also had a branch. The consolidation would
resolve a management succession problem for the Gardner bank, and
would bring expanded services to the communities served by it.
Worcester is about 40 miles each from Boston and Providence.
Worcester County has 24 mutual savings banks with deposits in excess
of $630 million.
35
REPORT OF THE COMPTROLLER OF THE CURRENCY
Banking offices
Name of bank and type of transaction
The Farmers & Citizens State Bank, Crestline, Ohio, with
and The First National Bank of Bucyrus, Ohio (443),
which had
consolidated Jan. 31,1961, under charter of the latter bank
(443), and title "Crawford County National Bank,
Bucyrus." The consolidated bank at date of consolidation had
_
_
Total assets
In operation
$1,960,677
1
4, 487,187
To be
operated
1
6, 447, 864
2
NOTE.—Approved in 1960 but consummated in 1961.
Summary of Report by Attorney General
The First National Bank of Bucyrus, Bucyrus, Ohio (First National) and The Farmers & Citizens State Bank, Crestline, Ohio
(Farmers) propose to consolidate their banking businesses.
There is at present little, if any, existing competition between the
two banks which transact business in two different towns of the same
county. First National is the fourth largest bank in its service area
and Farmers is the smaller of two banks in Crestline. First National
has grown at a good rate during the last 10 years, while the growth of
Farmers has been modest. After the proposed consolidation the resulting bank would be the fourth largest bank in its service area.
It is not believed that the consolidation of First National with
Farmers will have any substantial adverse competitive effects.
Basis for Comptroller's Approval
The resulting bank will provide more effective competition to the
four larger banks in the service area and will bring a greater and needed
credit potential and expanded services to the area. The combining
of the two staffs will give the consolidated unit experienced officer
personnel and will solve the management succession problem in The
Farmers & Citizens State Bank.
Banking offices
Name of bank and type of transaction
Central Savings Bank & Trust Company, Orleans, Vt., with_.
was purchased Jan. 31, 1961, by The Howard National
Bank and Trust Company of Burlington, Vt. (1698),
which had__
__
After the purchase was effected the receiving bank had
NOTE.—Approved in 1960 but consummated in 1961.
Total assets
In operation
$2,112,149
1
36,936,000
39, 899,142
To be
operated
4
5
36
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
The Howard National Bank and Trust Company of Burlington,
with offices in Burlington, Richmond, Winooski, Enosburg Falls and
Barton, Vermont, has assets of $36,936,000, deposits of $31,763,000,
and net current operating income for the period July 1, 1959, to
June 30, 1960, of $400,268. Central Savings Bank and Trust Company located in Orleans, Vermont, has assets of $2,214,000, deposits
of $1,983,000, and net current operating income for the period July 1,
1959, to June 30, I960, of $35,760.
There are five banking offices, three of which are branches of larger
banks the other two being single unit operations, servicing the trade
area of approximately 25,000 population, the major industry of which
is farming. Loan limitations appear to make it difficult for Central
Savings Bank and Trust Company to service the larger accounts in
the trade area, whereas the resulting bank will be able to offer improved and expanded service to the public. This will permit increased competition with the two branches of the Chittenden Trust
Company located in North Troy and Newport, Vermont, approximately 22 and 10 miles from Orleans, respectively. It would appear,
therefore, that there will not be a substantial lessening of competition
in the trade area.
Basis for Comptroller's Approval
Orleans is located 80 miles from Burlington and the nearest branch
of the Howard National Bank is located 6 miles from Orleans. Therefore, there was little direct competition between the two banks and the
purchase will not change the relative position of the Howard Bank.
The Orleans area will receive the expanded services and enjoy a greater
credit potential as a result of the transaction.
Banking offices
Name of bank and type of transaction
Total assets
The First National Bank in Bristol, Term. (13640), with
and The First National Bank of Kingsport, Tenn. (10842),
which had
consolidated Feb. 8,1961, under charter of the latter bank,
and title "The First National Bank of Sullivan County,"
Kingsport, Tenn. The consolidated bank at date of
consolidation had
$17,927,308
3
40,438,632
4
In operation
58,525, 732
To be
operated
7
Summary of Report by Attorney General
First Kingsport was founded in 1916. First Bristol was set up in
1932 as a result of a reorganization. Neither has been involved in
any previous consolidation or merger. Both are located in Sullivan
County, Tennessee, in cities about 25 miles apart.
The existing local service areas do not appear to overlap to any
appreciable degree. Each bank is a dominant or major factor in its
37
REPORT OF THE COMPTROLLER OF THE CURRENCY
respective service area. First Kingsport faces only one competitor
less than one-fourth its size. First Bristol competes with another
bank about equal in size and two smaller banks.
First Kingsport has total deposits of nearly $36,000,000 and loans
of $17,500,000. First Bristol's deposits total nearly $16,000,000 and
its loans are slightly over $6,000,000. In the projected service area
(Sullivan County, Tennessee, and the adjacent Bristol, Virginia,
community) the resulting bank would control 42.5% of the deposits
and 37% of the loans. These figures would be substantially
higher if the statistics on four banks not strictly within the service
area were excluded.
The consolidation would be directly disadvantageous to four smaller
banks from a competitive standpoint and would tend toward monopolization. It would also foster a tendency toward further mergers
and consolidations in the projected service area.
Basis for Comptroller's Approval
This was a consolidation of banks located in towns about 25 miles
apart. It would have no significant effect upon the competitive
situation in either place. The consolidated bank, however, would be
better equipped to meet the growing industrial needs of the Kingsport
area. There would also result from this consolidation an improvement in bank management.
Banking offices
Name of bank and type of transaction
The National Bank of Argyle, N.Y. (13521), with
and The Manufacturers National Bank of Troy, N.Y. (721)
which had
merged Feb. 10, 1961, under charter and title of the latter
bank (721). The merged bank at date of merger had
Total assets
In operation
$3,953,953
1
67, 713,244
To be
operated
9
71,542,197
10
Summary oj Report by Attorney General
The charter bank is one of the eleven Marine Midland banks
which totally have over 171 offices in New York State. The charter
bank recently acquired The Salem National Bank located at Salem,
New York, which is about 10 miles southeast of Argyle, New York,
the location of the merging bank.
In our comments relating to that acquisition, we noted that the
charter bank then had no nearby office to Salem. Its principal
office was 46 miles to the southwest. It appeared, therefore, that
although the merger would add another bank to the growing Marine
Midland chain, that transaction standing alone, would not have a
substantial adverse effect on competition.
Here, however, we have the charter bank proposing to eliminate
another local bank within 10 miles of its new branch at Salem. The
merging bank has deposits of $3,400,732.35 and loans of $2,068,205.92.
38
REPORT OF THE COMPTROLLER OF THE CURRENCY
The charter bank has deposits of $58,375,039.90 and loans of
$36,768,318.30. Assets and deposits of all Marine Midland banks
total approximately $2.4 billion and $2.1 billion, respectively.
An analysis of the loan accounts (as of June 15, 1960) of the merging
bank indicates that it is primarily a local bank for farmers and local
residents.
This merger would result in the elimination of a local bank as a
competitor to the acquiring bank's Salem Branch and would tend
toward a monopoly in that area of New York State.
Basis for Comptroller's Approval
The merger will result in a definite improvement in bank management in Argyle. There would be no effect on competition in either
Argyle or Troy as a result of the merger, and the merged institution
would provide better services in the Argyle area. The representation of Marine Midland Corporation is relatively small in the
Fourth Banking District of New York, and it would be changed very
little by this merger.
Banking offices
Name of bank and type of transaction
Total assets
The First National Bank of Amsterdam, N.Y. (1307), w i t h . . .
and The National Commercial Bank and Trust Company
of Albany, N.Y. (1301), which had
_
_.
merged Feb. 17,1961, under charter and title of the latter
bank (1301). The merged bank at date of merger had—
$15,581,208
1
402, 561, 280
32
In operation
417,914,996
To be
operated
33
NOTE.—Approved in 1960 but consummated in 1961.
Summary of Report by Attorney General
The proposed merger of The First National Bank of Amsterdam,
Amsterdam, New York, into The National Commercial Bank and
Trust Company of Albany, Albany, New York, would mean the
disappearance of one of the two remaining independent banks in a
service area of more than 61,000 population. Two large banks now
operate one branch each in Amsterdam, and the acquiring bank has
a branch 11 miles away, in addition to 30 other offices in Northeastern
New York. Thus, the merger would eliminate, at least, a limited
amount of potential competition between the two banks.
The acquiring bank has total resources of $370,121,000 and has
made 12 acquisitions since 1952. The acquired bank has total resources
of $15,397,000 and operates only one office in Amsterdam.
Basis for Comptroller's Approval
The First National Bank of Amsterdam's earnings were poor and the
bank was faced with a management succession problem, both of which
would be solved by the merger. Due to the fact that the banks were
30 miles apart and the nearest branch of the Albany bank was 11 miles
39
REPORT OF THE COMPTROLLER OF THE CURRENCY
west of Amsterdam, competition between the merging banks appeared
slight.
Banking offices
Name of bank and type of transaction
Coquille Valley Bank, Coquille, Oreg., with
was purchased Feb. 17, 1961, by the United States
National Bank of Portland, Oreg. (4514), which had___
After the purchase was effected, the receiving bank had.._
Total assets
In operation
$2, 891,385
1
884, 882,000
907,825,473
To be
operated
76
77
Summary oj Report by Attorney General
The United States National Bank of Portland, Portland, Oregon
(United States Bank), has requested permission to purchase the assets
and to assume the liabilities of Coquille Valley Bank, Coquille,
Oregon (Coquille Bank). It intends to operate the merged bank as
a branch office in Coquille, Oregon.
Applicant is one of two large State-wide banking chains which together control about 80 percent of all commercial banking in the State
of Oregon. Both State-wide chains have obtained their present positions in large part through mergers with and acquisitions of other
banks. Since 1953 applicant has acquired some 21 branches through
this means. It now proposes to add still another local bank to its
extensive chain of banking offices, thus continuing the trend toward
concentration of all banking in Oregon in the hands of two large banks.
Coquille Valley Bank competes directly with a branch office of
applicant's principal State-wide competitor also located in Coquille, an
independent bank located at Myrtle Point, some ten miles southeast
of Coquille and, to a degree at least, with a branch office of the applicant bank located at Coos Bayjabout 15 miles north of Coquille.
Actual and potential competition between applicant and Coquille
Bank will, of course, be eliminated by the acquisition. The acquisition may also endanger the ability of the remaining independent bank
at Myrtle Point to effectively compete with an additional branch
bank of a State-wide banking chain. It too may be forced to sell out
to one or the other of the large banking chains.
Thus, it is believed that the proposed acquisition will have an
adverse effect on competition and will tend to further the trend toward
concentration of all commercial banking in the State of Oregon in
the hands of two large^banking chains.
Basis for Comptroller's Approval
This was the purchase by a large Portland bank of a small bank
located in the logging community of Coquille, 250 miles from Portland.
The nearest banking office of The United States National Bank is
17 miles from Coquille, so it appeared that the service areas of the two
banks do not overlap. There is presently in Coquille a branch of The
First National Bank of Oregon, which is a slightly larger institution
40
REPORT OF THE COMPTROLLER OF THE CURRENCY
than The United States National Bank. Thus, the branch of the
continuing bank will be able to offer more effective competition to
the branch of The First National Bank of Oregon and the acquisition
will not materially affect the competitive position of the purchasing
bank in its service area. The purchase will also resolve an impending
management succession problem of the selling bank, which problem
prompted the sale.
Banking offices
Name of bank and type of transaction
The State Bank of St. Johns, St. Johns, Mich., with
and The St. Johns National Bank, St. Johns, Mich. (3378),
which had
consolidated Feb. 21,1961, under charter of the latter bank
(3378), and title "Clinton National Bank and Trust
Company, St. Johns." The consolidated bank at date
of consolidation had
__
Total assets
In operation
$6,615,418
1
6,708,652
To be
operated
1
3
13,324,070
Summary of Report by Attorney General
The proposed consolidation is for the purpose of permitting two small
banks in a small community (St. Johns, population 5,536) to unite
forces in meeting the competition of numerous other banks operating
nearby, three of which are much larger in size than the consolidating
banks combined. Consolidation would apparently result in improved
banking facilities for the community of St. Johns. Consolidation
would not appear to have a substantial adverse effect on competition
or tend to create a monopoly.
Basis for Comptroller's Approval
The State bank was faced with the need for enlarged banking
quarters and both banks needed drive-in facilities. Further, the
consolidated institution will be in a better position to compete more
effectively with the much larger banks in the general area.
Banking offices
Name of bank and type of transaction
Cicero State Bank, Cicero, N.Y., with
and The Merchants National Bank & Trust Company of
Syracuse, N.Y. (1342), which had
merged Feb. 28, 1961, under charter and title of the latter
bank (1342). The merged bank at date of merger had..
Total assets
In operation
$9,484,260
2
93,604,470
To be
operated
10
103,075,925
12
41
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
The Merchants National Bank & Trust Company of Syracuse and
the Cicero State Bank, Cicero, New York, are located within fourteen
miles of each other in Onondaga County, New York. Both banks
appear to compete, to a degree at least, with each other and with
four much larger other commercial banks in the area. The competition between the merging banks as of this time does not appear to be
substantial but might probably become more intensive in the future
due to the population growth in the area. If the merger is approved,
it will result in Merchants National Bank absorbing a small potential
competitor.
Basis for Comptroller's Approval
This was a merger of the smallest of four commercial banks in
Syracuse and a much smaller bank which was the only bank in Cicero,
New York, about fourteen miles north of Syracuse. The merger
would have no effect in Syracuse, but would bring to the Cicero area
a larger bank and expanded services.
Banking offices
Name of bank and type of transaction
Total assets
Security Trust Company, Lexington, Ky., with
__
and First National Bank and Trust Company of Lexington, Ky. (906), which had
___
consolidated Mar. 1,1961, under charter of the latter bank
(906), and title "First Security National Bank and Trust
Company of Lexington." The consolidated bank at
date of consolidation had
$19,751,883
2
61,419,801
4
In operation
81,171,684
To be
operated
6
Summary of Report by Attorney General
This proposed consolidation will eliminate direct and substantial
competition between the two banks with respect to demand and time
deposits, loans and discounts, and trust accounts. It will substantially increase First National's already dominant position in the banking area to 52% of all deposits, 54% of all loans, and 53.6% of all
assets, as among the commercial banks. In addition, it would give
First National control over 94 percent of the dollar value of trust
accounts in the area.
Lexington, Kentucky, is a healthy, rapidly growing agricultural,
educational, and commercial center whose financial and commercial
condition is quite capable of supporting vigorous competition among
its existing banks on a profitable basis. This proposed consolidation,
however, will not only eliminate a substantial factor in that competition but it will effect a situation which tends towards, and perhaps
actually creates, monopoly banking power in the hands of the already
dominant commercial bank. Such power is made all the more strong
by the extraordinary control the new bank will have over trust ac
42
REPORT OF THE COMPTROLLER OF THE CURRENCY
counts, much of which involves controlling ownerships in many
agricultural and commercial businesses in the area.
In view of the serious anticompetitive effects which this consolidation may have on the community and in response to a number of
complaints made to the Department in connection with this matter,
the Department has initiated an investigation to determine whether
the proposed consolidation will create any violations of the antitrust
laws.
Basis for Comptroller's Approval
The financial history and condition of each of the banks involved
was excellent. Both had records of long and successful operation
and both had high standing in the community. The adequacy of
capital stock and future earning prospects were excellent. The
general character of management which would be provided in the
combined institution would be of high grade and strengthened by the
consolidation. The convenience and needs of the community would
be served better by the combined institutions than by their operation
as separate entities.
The State of Kentucky in recent years has enjoyed very important
industrial growth, and outstanding national companies have moved
portions of their operations to the State. The industrial banking
situation in Lexington has been affected in material degree by this
fact. It is clear that Lexington is of growing importance in the
industrial field, and the State of Kentucky is having a new birth of
modern high-grade industrial development. This makes desirable
and necessary the development of banks large enough and with sufficient strength of organization to attract and hold deposits of the
larger companies which have come and will come to Kentucky.
All of the factors above mentioned were definitely favorable to
approval of this consolidation.
As to the competitive factors, it was believed that the effect of the
proposed consolidation on competition would not be unhealthy locally, and that as regards State and interstate relationships, it would
be definitely beneficial. While the combined bank would be the
largest institution in the city of Lexington, having 53 percent of deposits, the other four institutions have had good growth in recent
years and should continue to hold their own and make progress after
the consolidation.
Comments relative to the concentration of trust business in the
two institutions must be viewed in the light of the fact that this represents the accumulation of many years in which the other banks took
little or no part in this field, and that currently they are receiving
substantial amounts of this type of business. Also it is of importance
that a major portion of the new trust business developed in Fayette
County in recent years has been handled by individual trustees.
Thus it appeared that the consolidation would not adversely affect
competition and that the economic welfare of the Lexington community and the State of Kentucky would be served by its consummation.
Accordingly, it was found that the proposed transaction would be
in the public interest.
REPORT OF THE COMPTROLLER OF THE CURRENCY
*
#
#
#
*
43
*
Banking offices
Name of bank and type of transaction
The First National Bank and Trust Company of Ossining,
N.Y. (471), with
_
_
____
and First Westchester National Bank of New Kochelle,
N.Y. (13955), which had
consolidated Mar. 3, 1961, under charter and title of
the latter bank (13955). The consolidated bank at date
of consolidation had
Total assets
In operation
$12,228,644
2
69,354,346
To be
operated
10
12
81,174,061
Summary of Report by Attorney General
The consolidation of First Westchester National Bank of New
Rochelle and First National Bank and Trust Company of Ossining
would not have a substantial adverse effect on competition in the
areas served by these banks. Since the offices of the consolidating
banks are located in different communities within Westchester
County, and since the service areas of the two banks do not overlap,
no presently existing competition would be eliminated by this consolidation. Furthermore, the resulting bank would remain much smaller
than its largest competitors within Westchester County and would
remain subject to competition from these larger banks.
Basis for Comptroller's Approval
This was a consolidation of two banks both located in Westchester
County, but approximately 24 miles distant. The resulting bank
would continue to be substantially smaller than other banks in
Westchester County, but could better serve the needs of the Ossining
community. The loan volume of the First National Bank and
Trust Company of Ossining has been declining and its earnings were
poor.
Banking offices
Name of bank and type of transaction
Total assets
The Citizens National Bank of Bedford, Va. (10621), with
and The First National Exchange Bank of Koanoke, Va.
(2737), which had
______
merged Mar. 7, 1961, under charter and title of the latter
bank (2737). The merged bank at date of merger had__
$7,497,743
1
118,892,002
6
126,356,323
In operation
To be
operated
7
Summary of Report by Attorney General
This merger whereby applicant seeks to acquire within six months
the second of two banks in Bedford, Virginia, will bring monopoly
banking to the city of Bedford, Virginia, a community with a population of 5,900 and a service area population of 15,000. It will further
the dominance of First National in southwest Virginia, bringing it
control in the resulting service area to 33.4% of IPC deposits and
34.3% of loans and discounts. Thus, the proposed merger will
44
REPORT OF THE COMPTROLLER OF THE CURRENCY
eliminate substantial competition, create monopoly banking in
Bedford and further a tendency toward monopoly banking in Southwest Virginia.
Basis for Comptroller's Approval
At the time The First National Exchange Bank of Roanoke,
Roanoke, Virginia, merged with The Peoples National Bank of
Bedford, Bedford, Virginia, The Citizens National Bank of Bedford
initiated merger discussions with The First National Exchange Bank
of Roanoke because it felt that some of its problems could best be
resolved through the merger route. It desired to merge with The
First National Exchange Bank because of a long-continued association
with that bank. Bedford is a small town of about 5,900 persons
situated approximately halfway between Lynchburg and Roanoke.
Banks in those two cities as well as other small surrounding communities compete for Bedford business. Interest was evidenced of desire
on the part of others to establish a new bank in Bedford, and interest
was evidenced of a desire on the part of other banks in the surrounding area to move into Bedford. Subsequent to this merger the Bank
of Big Island, Inc. actually did establish a branch in Bedford.
Banking offices
Name of bank and type of transaction
Norwood Bank & Trust Company, Norwood, Mass., with
and South Shore National Bank of Quincy, Mass. (14798),
which had
merged Mar. 17,1961, under charter and title of the latter
bank (14798). The merged bank at date of merger had. _
Total assets
In operation
$6,117,840
1
58,455,266
To be
operated
12
64,573,106
13
Summary of Report by Attorney General
The charter bank has its main office in Quincy, Massachusetts.
It has 11 other branches. A branch at Braintree will be established
when a shopping center is completed, about April 1, 1961.
The merging bank was established in 1917 as the Norwood Morris
Plan Company and was authorized in 1948 to do business as the Norwood Bank and Banking Company and subsequently, on December 1,
1955, commenced business as the Norwood Bank & Trust Company.
It had one branch which was discontinued in 1957.
The application for leave to merge gives the following figures concerning the size of the charter and merging banks:
Charter bank
Total deposits
Loans and discounts
$52, 411, 000
14, 958, 000
Merging bank
$5, 157, 000
3, 432, 000
The application states the competitive situation in Norwood, a
town of about 21,000 people, as follows:
In the Town of Norwood, itself, there is one other commercial banking facility:
a branch of the Norfolk County Trust Company. There are three other branches
of the Norfolk County Trust Company within three miles of the Norwood Bank
45
REPORT OF THE COMPTROLLER OP THE CURRENCY
& Trust Company's location. Within five miles of this location, there are eight
branches of the Norfolk County Trust Company and two offices of the Dedham
Trust Company.
The application states the sizes of these competitive banks as
follows:
Total banking offices
Norfolk County Trust Company. 16
Dedham Trust Company
2
Estimated "IPC" deposits (D) and loans (L) of
H.O. service area
D-$94, 411, 000
D-2, 340, 000
L-$57, 595, 000
L-l, 722, 000
It appears that if the merger is authorized, the substitution of the
charter bank, with deposits of over $52,000,000 for the merging bank
with deposits of about $5,157,000, will create some competition for
the Norfolk County Trust Company, a bank with deposits of over
$94,000,000, but will probably create serious competitive problems for
the Dedham Trust Company with deposits of only $2,340,000, the
remaining independent bank in the area.
Basis for Comptroller's Approval
The limited resources and lending power of the Norwood bank were
not sufficient to service the needs of its community. A large credit
potential and expanded services will be available to the area through
the branch of the continuing bank. Quincy and Norwood are 15
miles apart, and because of this distance and the size of the two banks
there was little direct competition. The branch of the continuing
bank will stimulate competition in the Norwood area and the merger
will not materially affect the competitive position of the continuing
bank in its service area.
Banking offices
Name of bank and type of transaction
Madrid Bank, Madrid, N.Y., with
and The St. Lawrence County National Bank of Canton,
N.Y. (8531), which had
_
_
_
merged Mar. 24, 1961, under charter of the latter bank
(8531), and title "St. Lawrence County National Bank
of Canton, N . Y . " The merged bank at date of merger
had
Total assets
In operation
$1,065,625
1
9,263,933
To be
operated
2
10,329,558
3
Summary of Report by Attorney General
The proposed merger of the St. Lawrence County National Bank of
Canton and the Madrid Bank would have the following effects upon
competition.
1. St. Lawrence County National Bank will become the largest bank
in Lawrence County in terms of total deposits.
2. Northern New York Trust Company, which is under the control
of a large bank holding company, will continue to control the largest
percentage of loans in St. Lawrence County.
3. While some competition may be eliminated between the merging
banks, it would not appear to be substantial.
4. The merger does not appear to result in a significant increase in
concentration of banking power in St. Lawrence County.
644637—62
4
46
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
This was a merger of a comparatively small bank with a substantially smaller bank, the two banks being located in small towns approximately thirteen miles apart. It was brought about primarily
because of a management succession problem in the smaller bank.
Banking offices
Name of bank and type of transaction
Georgetown State Bank, Georgetown, Ind., with
and The Union National Bank of New Albany, Ind.
(14047), which had
_
_
merged Mar. 25,1961, under charter and title of the latter
bank (14047). The merged bank at date of merger had_
Total assets
In operation
$1,188,641
1
13,375,385
To be
operated
3
14,564,026
4
Summary of Report by Attorney General
Union National Bank of New Albany, Indiana, with $10,811,430 in
deposits and $5,195,886 in loans, is the largest of five banks located
in the New Albany-Georgetown, Indiana, area. The merging bank,
with deposits of $890,323 and loans of $504,575, is the smallest of
such five banks.
A degree of competition between the two banks will be eliminated
by the proposed merger but in view of the size of the merging bank
this does not appear to be substantial.
The merger will increase the size of the acquiring bank in relation
to other banks operating in its immediate service area, but in view of
the degree of competition faced by such banks from much larger banks
in Louisville, Kentucky, it would not appear that such increase in
size will materially affect the ability of the smaller banks to compete
in the area.
Basis for Comptroller's Approval
New Albany, Indiana, is across the Ohio Kiver from Louisville,
Kentucky. Georgetown is approximately 8 miles from New Albany
and has a population of about 1,000. The Georgetown bank, handicapped by limited resources and loaning capacity, found it difficult to
adequately serve its community. The banking factors were favorable
and there was no adverse effect upon competition.
Banking offices
,
Name of bank and type of transaction
Citizens Bank and Trust Company of Middletown, Pa., with_
^ i t a n d The Harrisburg National Bank, Harrisburg, Pa.
(580). which had
_
_
merged Mar. 30, 1961, under charter and title of the latter
bank (580). The merged bank at date of merger h a d . . .
Total assets
In operation
$5,308,598
1
48,218,110
To be
operated
4
53,526,708
.5
47
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
Harrisburg National Bank, together with its affiliate Harrisburg
Trust Company, comprises the second largest banking organization
in the Harrisburg, Pennsylvania, area, having attained this position in
part through three mergers since July 1, 1955, the most recent in June,
1960. During this period, loans have increased 725 percent and
deposits 111 percent. Citizens Bank and Trust Company of Middletown is the larger of the two banks operating in the borough of
Middletown, approximately 11 miles south of Harrisburg.
The merger with Citizens Bank & Trust Company would not only
eliminate substantial competition as between the two banks, and
remove another independent bank from the area, but it would increase
the power of Harrisburg National Bank (and Harrisburg Trust)
over the remaining competition from its smaller rivals which, in turn,
may lead to further mergers and consolidations.
Basis for Comptroller's Approval
This merger would bring to the Middletown area a greater credit
potential and expanded banking services, while at the same time
resolving the management problems of the Middletown bank. It
would have no effect upon banking competition in Harrisburg.
Banking offices
Name of bank and type of transaction
Total assets
Coraopolis Trust Company, Coraopolis, Pa., with
The Coraopolis National Bank, Coraopolis, Pa. (5069),
with
and The Union National Bank of Pittsburgh, Pa. (705),
which had_
,
. __
merged Mar. 31, 1961, under charter and title of the lastnamed bank (705). The merged bank at date of merger
had
$13,309,579
1
5,743,168
1
146,257,842
8
In operation
163,953,296
To be
operated
10
Summary of Report by Attorney General
Since one person owns 20 percent of the stock of Union National
Bank of Pittsburgh and 13K percent of the stock of the Coraopolis
Trust Company, which in turn owns virtually all of the stock in
Coraopolis National Bank, and since the same person is president
and a director of all three banks, it is probable that these three
institutions are not actually in competition with one another, and no
real competition exists between the Coraopolis Banks. Therefore,
the proposed merger would not appear to forecast a substantial lessening of present competition in the Coraopolis area northwest of
Pittsburgh. However, it should be noted that interlocking relationships of the type which have existed among ^.hese banks appear to
have potentially serious anticompetitive effects.
48
REPORT OF THE COMPTROLLER OF THE CURRENCY
The proposed merger will increase from two to three the number
of large centralized banking institutions with which the four remaining small single-office banks serving that area would have to compete.
Basis for Comptroller's Approval
All of the stock of Coraopolis National Bank was owned by Coraopolis Trust Company, and the two banks had common officers and
directors. The president of each of these banks was also the president
of The Union National Bank of Pittsburgh, and this individual had
substantial stock holdings in both Coraopolis Trust and The Union
National Bank of Pittsburgh. The Coraopolis banks were not aggressive, and both had management succession problems. The
merger will provide expanded services to the Coraopolis area, a suburban community approximately 12 miles from Pittsburgh.
Banking offices
Name of bank and type of transaction
Egypt-Schnecksville Bank, Egypt, Pa., with
and The Merchants National Bank of Allentown, Pa.
(6645), which had
consolidated May 26, 1961, under charter and title of the
latter bank (6645). The consolidated bank at date of
consolidation had
Total assets
In operation
To be
operated
$8,806,613
67,738,416
76,545,028
Summary of Report by Attorney General
If the proposed merger is approved the resulting bank's share of
IPC deposits will be increased from 24.2 percent in each service area
in question to 26.6 percent in the combined service area. Whereas
Merchants held 26 percent of loans and discounts in the Allentown
area and 25.37 percent of loans and discounts in the Egypt area, the
resulting bank would have 28.1 percent of loans in the combined area.
Banking in and around Allentown is becoming increasingly concentrated. In the past year the National Bank of Catasauqua and
Liberty Bank and Trust in Allentown have been acquired respectively
by the largest bank in Allentown and the second largest bank in Bethlehem, Pennsylvania. If the consolidation now sought is approved
there will be just three relatively large banking organizations with
home offices in the combined service area, holding, for example, 15.5,
26.6, and 50.9 percent of IPC deposits. Contrastingly, two small
banks competing on the fringe of this area, Coplay National Bank and
Neffs National Bank, would together have only 3.7 percent of such
deposits.
Basis for Comptroller's Approval
The communities served by the Egypt-Schnecksville Bank have
grown considerably and because of its limited capital and resources
49
REPORT OF THE COMPTROLLER OF THE CURRENCY
the bank was not able to accommodate all the needs of new businesses.
The consolidated unit will offer to this area its increased services including a trust department. While the consolidated unit will remain
the second largest bank in the Allentown-Bethlehem area, it will be
only half the size of its larger competitor.
Banking offices
Name of bank and type of transaction
The Peoples Bank and Trust Company, Dayton, Ohio, with,
and The Merchants National Bank and Trust Company
of Dayton, Ohio (1788), which had
consolidated June 2,1961, under charter of the latter bank
(1788), and title "The National Bank of Dayton." The
consolidated bank at date of consolidation had
Total assets
In operation
$42,583,839
5
37,259,056
To be
operated
5
79,842,895
10
Summary of Report by Attorney General
Peoples Bank and Trust Company, Dayton, Ohio, and The Merchants National Bank and Trust Company, Dayton, Ohio, propose to
consolidate under the charter of Merchants National and with the
title of The National Bank of Dayton.
As of December 31, 1960, Peoples Bank had 10 percent of total
deposits and Merchants National had 9 percent among the four banks
in Dayton. The largest bank had 58 percent and the second largest
had 23 percent of total deposits. Percentages of total resources and
of capital funds are approximately in the same ratios.
The two banks in the proposed consolidation have apparently assisted in the growth of small businesses only to lose the business in
later years as the enterprise grew to have borrowing requirements in
excess of the banks' lending limits or when specialized banking services
offered by larger banks were required. Thus, while the merger would
enable the banks involved to better compete with their larger rivals
and to retain additional business, it would eliminate substantial
competition between them.
Basis for Comptroller's Approval
Both banks are located in Dayton, Ohio, a highly industrialized
metropolitan area. Each bank had assisted the growth of many small
businessmen only to lose their business as the enterprises grew and
required borrowing in excess of the banks' lending limits, or when
specialized banking services were required. The consolidated unit
will have the required depth of management and personnel as well as
approximately double the present individual lending capacity of each
of the consolidating banks. There are two substantially larger banks
in the Dayton area, and the consolidated unit will be in a better position to offer more effective competition.
50
REPORT OF THE COMPTROLLER OF THE CURRENCY
*
*
*
*
*
*
*
Banking offices
Name of bank and type of transaction
The Farmer & Citizens Bank, Tiro, Ohio, with
__
and The Second National Bank of Bucyrus, Ohio (3274),
which had
__
merged June 17,1961, under charter and title of the latter
bank (3274). The merged bank at date of merger had
Total assets
In operation
$643,056
1
9,693,382
To be
operated
1
10,336,438
2
Summary of Report by Attorney General
The small size of the banks concerned and the banking problems
facing merging bank and the limited effect, if any, upon competition would indicate that the effects of this merger on competition
would not be adverse.
Basis for Comptroller's Approval
The merging banks are located in towns 15 miles apart, and in
view of this distance and their relative size, it appeared that there
was little direct competition between them. The continuing institution will assure the small Tiro community of the continuance
of banking services and will be in a position to provide management
for the Tiro branch.
Banking offices
Name of bank and type of transaction
Nanty Glo State Bank, Nanty Glo, Pa., with
and the United States National Bank in Johnstown, Pa.
(13781), which had.
merged June 17, 1961, under charter and title of the latter
bank (13781). The merged bank at date of merger h a d . . .
Total assets
In operation
$3,284,033
1
54,868,882
To be
operated
4
58,152,916
5
Summary of Report by Attorney General
United States National Bank is the largest bank in the area and
the merger of Nanty Glo, while small, would increase its dominant
)osition. Notwithstanding, Nanty Glo faces certain banking probems which could have a deleterious effect upon its future position.
On balance, it would appear that there would be an adverse effect
upon competition in the area, but not of grave importance.
f
Basis for Comptroller's Approval
Nanty Glo, which is located about 12 miles from Johnstown, has,
as its principal industry, bituminous coal mining. The decline of
the coal industry and the expected exhaustion of the present coal
mine has had a serious effect on the area's economy. A branch of a
large bank would be better able to withstand and adjust to the deteriorating economic condition and would be in a position to finance
51
REPORT OF THE COMPTROLLER OF THE CURRENCY
a recovery program, if one should arise. While the United States
National Bank in Johnstown is the largest bank in the area, it does
not appear that its position would be materially changed or that the
competitive position in the area will be changed as a result of the
merger.
Banking offices
Name of bank and type of transaction
Total assets
Bank of San Rafael, San Rafael, Calif., with
$20,571,324
First National Bank in San Rafael, Calif. (12640), with___
43,892,228
and Crocker-Anglo National Bank, San Francisco, Calif.
(1741), which had.
_
merged June 23. 1961, under charter and title of the last- 1,916,571,601
named bank (1741). The merged bank at date of merger had
_
_
1,977,791,421
In operation
To be
operated
1
9
102
Summary oj Report by Attorney General
The merger of these three banks would eliminate from the banking
scene in Marin County, California, the last two independent banks.
Only branches of large California banks would thereafter compete
within the service area; moreover, the three largest banks would then
control nearly 99 percent of IPC deposits and loans and discounts.
It would be another step in the elimination of all local banks in California. It would lessen existing and potential competition in Marin
County and would further increase concentration in commercial
banking within the State.
Basis jor Comptroller's Approval
California is a State having statewide branch banking and intensive
competition between very large banks having far flung branch systems. The Crocker-Anglo National Bank of San Francisco has 102
offices and total assets of almost $2 billion. This was a merger of
that bank with two banks in San Rafael which were closely affiliated
with each other. All of the capital stock of the First National Bank
in San Rafael, except directors' qualifying shares, was held in trust
for the benefit of the shareholders of the Bank of San Rafael. The
directors and officers of the two banks were identical and they occupied the same head-office quarters. The Bank of San Rafael operated
as a savings bank and the First National Bank in San Rafael operated
as a commercial bank.
San Rafael is located in Marin County about 17 miles north and
across the bay from San Francisco. The First National Bank in San
Rafael operated seven branches in Marin County and one in Sonoma
County. In this area there are a number of branches of very large
banks, including nine branches of the Bank of America National
Trust & Savings Association; 5 branches of the Wells Fargo Bank
American Trust Co.; and one branch each of United California Bank,
the Central Valley National Bank, and the Crocker-Anglo National
Bank.
52
REPORT OF THE COMPTROLLER OF THE CURRENCY
The branches of the Crocker-Anglo National Bank will bring to the
customers of the merging banks a greater credit potential and expanded services. It was concluded that there would be no significant
effect upon competition.
Banking offices
Name of bank and type of transaction
East Brady Office of Butler Savings and Trust Company,
Butler, Pa., with
_
was purchased June 24, 1961, by the Oil City National
Bank, Oil City, Pa. (14274), which had
_
After the purchase was effected the receiving bank had
Total assets
In operation
$2,686,705
1
38,133,302
40,761,454
To be
operated
5
6
Summary of Report by Attorney General
The proposed assets acquisition of the East Brady Office of the Butler Sayings and Trust Company by the Oil City National Bank is
necessitated by the impending merger of the head office into the Commonwealth Trust Company of Pittsburgh. Under Pennsylvania
banking law the merged bank would be prohibited from continuing to
operate the East Brady Office. There appears to be no competition
between the East Brady Office and the Oil City National Bank and
its offices, nor is it believed that the existing competitive situation
in the East Brady Office service area will be substantially affected.
Basis jor Comptroller's Approval
This was an acquisition by the Oil City National Bank of Oil City,
Pa., of the East Brady Office of Butler Savings and Trust Company of
Butler, Pa. Butler Savings and Trust Company had entered into a
merger agreement with Commonwealth Trust Company of Pittsburgh,
and, because of State law restrictions, the merged bank would be unable to continue the operation of the East Brady Office. The acquisition of that office by the Oil City National Bank will insure the
continuation of banking services in East Brady.
Banking offices
Name of bank and type of transaction
The Community Bank and Trust Company, New Haven,
Conn., with
_
and The Second National Bank of New Haven, Conn.
(227), which had
consolidated June 30,1961, under charter and title of the
latter bank (227). The consolidated bank at date of
consolidation had
Total assets
$13,603,918
60,335,520
73,973,311
In operation
To be
operated
53
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
The proposed consolidation of Second National Bank of New Haven
and Community Bank and Trust Company, New Haven, Connecticut,
would result in the formation of a third large bank in an area in
which seven banks would serve a population of about 350,000. Each
of the three of the banks would be larger than the remaining four
combined. While the proposed consolidation in banking in the
greater New Haven area would enable the resulting bank to compete
more effectively with the two larger institutions, the effect may
mean a lessening of competition.
Basis for Comptrollers' Approval
The Second National Bank is a downtown commercial bank while
The Community Bank is primarily a neighborhood bank with a large
portion of its deposits consisting of savings deposits. It does not
appear that these banks are in substantial competition. No banking
offices will be closed as a result of the consolidation which will bring to
the customers of The Community Bank expanded services. The
consolidated bank will remain the third largest of six commercial banks
in the area, and it will be better able to compete with the two larger
banks.
Banking offices
Name of bank and type of transaction
The Chesapeake Bank, Chesapeake, Ohio, with
___
was purchased June 30,1961, by The First National Bank
of Ironton, Ohio (98), which had
After the purchase was effected the receiving bank had
Total assets
In operation
$2,765,422
1
11,856,000
13,996,035
To be
operated
2
3
Summary of Report by Attorney General
By this application, First National Bank of Ironton, Ohio, with
total assets of $11,856,000 and the largest bank located in Lawrence
County, Ohio, proposes to purchase the assets and assume the liabilities
of Chesapeake Bank, with assets of $2,373,000 and one of two competing banks also located in Lawrence County, Ohio.
In 1959 First National indirectly, through a syndicate owned by
directors of First National, purchased stock control of Chesapeake in
part with funds supplied by First National for the stated purpose of
selling Chesapeake to First National. This conduct, which is of
questionable legality under the antitrust laws and contrary to what
the bank is authorized to do directly, resulted, as a practical matter,
in the elimination of Chesapeake as a significant factor in competition
and increased the dominant position of First National to such a point
that it has about 65 percent of "IPC" deposits and loans and discounts
among banks located in Lawrence County, Ohio. This, of course,
seriously endangers the ability of the sole competitor to effectively
54
REPORT OF THE COMPTROLLER OF THE CURRENCY
compete with First National and results in a tendency toward
monopoly in banking, if monopoly has not in fact been achieved.
By this application, First National seeks the approval of a merger
which was brought about by conduct which raises serious questions
under the Sherman Act, and by conduct of its directors, which the
bank itself is not permitted to engage in.
Basis for Comptroller's Approval
Chesapeake, Ohio, is on the Ohio River, 25 miles southeast of
Ironton, Ohio, and is primarily a residential suburb of Huntington,
W. Va., from which it is directly across the Ohio River. Ironton, on
the other hand, also on the Ohio River, is only five miles from Ashland,
Ky. The Chesapeake Bank was in competition with the banks in
Huntington, and the Ironton bank was in competition with the banks
in Ashland. This acquisition would have no effect upon competition.
Shortly after its organization, The Chesapeake Bank found itself in
a long-term bond position from which it could not extricate itself.
This, plus its limited capital and related lending power, made it
unable to offer the community the required credit potential. The
purchasing bank will be able to service the credit needs of the residential and commercial developments now in progress in the area.
Banking offices
Name of bank and type of transaction
The Bank of McKees Rocks, McKees Rocks, Pa., with
and the Western Pennsylvania National Bank, McKeesport, Pa. (2222), which had
__..
consolidated June 30, 1961, under charter and title of the
latter bank (2222). The consolidated bank at date of
consolidation had
Total assets
In operation
$9,562,385
1
217,317,817
To be
operated
26
226,880,202
27
Summary of Report by Attorney General
There would not appear to be any adverse effect upon competition
stemming from this consolidation. The small size of consolidating
bank, highly concentrated and competitive banking climate in this
general area, and the advantages to the community from this consolidation support this view.
Basis for Comptroller's Approval
These banks are located in the Pittsburgh metropolitan area in
communities which are 17 miles apart, so there appears to be little
direct competition. While a slight increase will result in Western
Pennsylvania's portion of the total deposits in the area, it will stimulate competition in McKees Rocks, which is served by the branches
of two Pittsburgh banks, and the consolidated bank will offer a
broader and more modern banking service, including trusts, to the
McKees Rocks area.
55
REPORT OF THE COMPTROLLER OF THE CURRENCY
Banking offices
Name of bank and type of transaction
The Farmers National Bank of Thompsontown, Pa. (10211),
with
and The Peoples National Bank of Mifflin, Pa. (9678),
which had
_
consolidated June 30, 1961, under charter of the latter
bank (9678), and title "The Peoples-Farmers National
Bank, Mifflin, Pa." The consolidated bank at date of
consolidation had
Total assets
In operation
$1,642,259
1
2,639,233
To be
operated
1
2
4,281,493
Summary of Report by Attorney General
The modest size of the two banks in their particular service areas,
the additional services they would afford to the inhabitants, indicates
that this consolidation would not adversely effect the competitive
situation nor tend toward a monopoly.
Basis for Comptroller's Approval
The consolidating banks are located about 11 miles apart, with the
Juniata River and the town of Mifflintown intervening. It would
appear that little competition exists between them. The consolidated
unit will be only slightly larger than its nearest competing banking
institution. The consolidated bank will bring to the respective
communities involved a greater credit potential, expanded services,
and a strengthened financial institution.
Banking offices
Name of bank and type of transaction
The Sharon National Bank, Sharon, Conn. (13245), with
and The First National Bank of New Milford, Conn.
(1193), which had
consolidated July 14,1961, under charter of the latter bank
(1193), and title "Litchfield County National Bank,
New Milford." The consolidated bank at date of
consolidation had
Total assets
In operation
To be
operated
$2, 727, 836
8, 872, 673
11, 600, 509
Summary oj Report by Attorney General
The Attorney General has reported to the Comptroller of the
Currency that the proposed merger of The First National Bank of
New Milford, New Milford, Conn., and The Sharon National Bank,
Sharon, Conn., would not seriously affect competition. Both banks
are relatively small and do not appear to be effective competitors due
to the distance between their respective offices.
56
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
The areas served by these two banks in northwest Connecticut
approximately 28 miles apart are largely rural. While the resulting
bank will continue to be the largest bank in the area, it remains much
smaller than two of the larger banks operating branches in the area.
The consolidated unit will be enabled to offer increased credit and
trust facilities to the Sharon area.
Banking offices
Name of bank and type of transaction
The State Savings Bank of Elsie, Mich., with
and Clinton National Bank and Trust Company, St.
Johns, Mich. (3378), which had
_
consolidated July 19, 1961, under charter and title of the .
latter bank (3378). The consolidated bank at date of
consolidation had
Total assets
In operation
$2,558,183
1
13,053,543
To be
operated
1
2
15,600,388
Summary oj Report by Attorney General
It does not appear that the competition eliminated between the
banks is substantial. Nor does it appear that the consolidation will
substantially affect adversely the competitive situation in the general
banking area.
The trend toward concentration in the area should be noted. The
consolidation eliminates another independent bank and increases the
relative position of Clinton over its smaller rivals, which may, of
necessity, combine in order to more effectively compete with the
larger banks.
Basis for Comptroller's Approval
The State Savings Bank of Elsie, because of its restricted lending
capacities, was unable to meet the credit and mortgage needs of the
area. The resulting bank will offer all types of loans to the community, together with expanded services, including a trust department.
The 18 miles' distance between the banks resulted in very little direct
competition between them.
Banking offices
Name of bank and type of transaction
Bank of Carolina Beach, Carolina Beach, N.C., with
and First National Bank of Jacksonville, N.C. (14676),
which had
___
_
___
___
merged July 22, 1961, under charter and title of the latter
bank (14676). The merged bank at date of merger had
Total assets
In operation
$944,844
1
8,176,413
To be
operated
4
9,121,257
5
57
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
Carolina Beach, a small bank, servicing a growing tourist and resort
area, has no competition in its area. First National, on the other
hand, faces substantial competition in the Jacksonville, Wallace and
Wilmington service areas and controls in all three banking areas
consider ably less resources than its competitors.
The addition of the meager resources of Carolina Beach will not
appreciably change the size of First National nor alter its rank among
competitors. No adverse effect on the competitive situation in either
the Jacksonville, Wallace or Wilimington banking areas will result,
nor will any competition be eliminated between tne banks in view of
their different geographic locations. Furthermore, it appears that
the community of Carolina Beach will benefit by the additional resources, comprehensive banking services and improved personnel to
be allocated to that local area. It is the opinion of the Department
of Justice, therefore, that the proposed merger, if consummated, will
have no adverse effect on competition.
Basis for Comptroller's Approval
This merger would bring to Carolina Beach expanded banking services as well as improved management.
Banking offices
Name of bank and type of transaction
The Home Bank, Cridersville, Ohio, with
and The First National Bank of Wapakoneta, Ohio (3157),
which had
consolidated July 31, 1961, under charter and title of the
latter bank (3157). The consolidated bank at date of
consolidation had
Total assets
In operation
$1,314,100
1
9,691,552
To be
operated
1
10,820,027
2
Summary of Report by Attorney General
The First National Bank of Wapakoneta has assets of $9,176,123,
deposits of $6,100,000 and loans and discounts of $3,914,000. The
Home Bank has assets of $1,436,056, deposits of $1,250,000, and loans
and discounts of $620,812.
Based on the available information, it appears that the competition
eliminated between First National and Home Bank will not be substantial. The limited size and scope of The Home Bank's operation
which renders it unable to adequately service the needs of its banking
area combined with the fact that the resulting bank (will face substantial competition, leads to the conclusion that the consolidation, if
consummated, will have no substantial adverse effect on competition.
58
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
The Cridersville Bank was unable to satisfy the needs of its local
community and was unable to attract qualified personnel to provide
for management succession because of its limited resources. The
branch of the larger consolidated unit would be able to service the
needs of the area, providing capable management and executive supervision.
Banking offices
Name of bank and type of transaction
Total assets
In operation
The Citizens-Waynesboro Bank and Trust Company,
Waynesboro, Va., with
$10,965,658
and The Peoples National Bank of Charlottesville, Va.
(2594), which had
89,888,122
merged Aug. 2, 1961, under charter and title of the latter
bank (2594). The merged bank at date of merger had_ _ 100,428,780
To be
operated
2
11
13
Summaryjyf Report by AttorneylOeneral
The Peoples National Bank of Charlottesville, Charlottesville,
Virginia, with total resources of $86,882,000, proposes to acquire
The Citizens-Waynesboro Bank and Trust Company, Waynesboro,
Virginia, with total resources of $10,962,000. Peoples ranks first
among the thirty-one banks in its service area in Central Virginia; its
holdings of over 22 percent of the estimated IPC deposits and nearly
26 percent of the loans in the area make it more than twice the size
of its next largest competitor. Citizens ranks ninth among Peoples'
competitors in IPC deposits with 3.3 percent and seventh in loans
with 3.7 percent. In the merging bank's service area, one of the
most rapidly growing sections in Virginia, the resulting bank will
hold almost 59 percent of IPC deposits and over 63 percent of loans,
with the next largest of the remaining seven competitors holding 12
percent of IPC deposits and 11 percent of loans.
The acquisition would substantially lessen competition in the
service area of the charter bank, eliminate one of Waynesboro's two
banks, and result in a tendency to monopoly in the service area of the
merging bank.
Basis for Comptroller's Approval
Waynesboro, located 23 miles from Charlottesville, has experienced
rapid industrial growth and population increase. The credit demands
on the area banks have been great and the local institutions had
difficulty meeting these demands. The merged institution would
offer to the area its greater facilities, and the charter bank, because of
the restrictions of Virginia law, was the only sizable institution which
could operate a branch in the Waynesboro area. The merger further
served to relieve the management succession problem of the Waynesboro Bank.
REPORT OF THE COMPTROLLER OF THE CURRENCY
*
*
*
*
*
*
59
*
Banking offices
Name of bank and type of transaction
Fort Hill Bank and Trust Company, Clemson, S.C., with
and The First National Bank of South Carolina of Columbia, S.C. (13720), which had
__
_.
merged Aug. 4, 1961, under charter and title of the latter
bank (13720). The merged bank at date of merger had.
Total assets
In operation
$2,485,528
1
77,834,019
To be
operated
14
80,315,700
15
Summary of Report by Attorney General
The single office of Fort Hill Bank and Trust Company is approximately 20 miles from the nearest office of The First National Bank of
South Carolina of Columbia, and competition between the two banks
appears to be negligible.
First National's growth in recent years has been rapid and it appears to regard the proposed merger and others as necessary to enable
it to compete effectively with the two banks in South Carolina which
are larger than First National. This position does not appear to
have due regard for the competitive positions of the commercial banks
which are substantially smaller than First National. However,
because of the relatively small size of Fort Hill and its distance from
the closest office of First National, it is not believed that this proposed
merger will substantially affect competition or tend to create a monopoly in commercial banking.
Basis for Comptroller's Approval
The nearest branch of The First National Bank of South Carolina
to the single office of Fort Hill Bank and Trust Company was approximately 20 miles distant, so that there was little competition between
them. A branch of The First National Bank of South Carolina will
bring expanded services to the Clemson area.
Banking offices
Name of bank and type of transaction
The First National Bank of Cresson, Pa. (5768), with
was purchased Aug. 18,1961, by The First National Bank
of Ebensburg, Pa. (5084), which had
After the purchase was effected the receiving bank had...
Total assets
In operation
$2,769,840
1
8,825,449
11,487,640
1
To be
operated
2
Summary of Report by Attorney General
The First National Bank of Ebensburg, Ebensburg, Pennsylvania,
proposes to purchase the assets and to assume the liabilities of The
First National Bank of Cresson, Cresson, Pennsylvania.
60
REPORT OF THE COMPTROLLER OF THE CURRENCY
Although the proposed acquisition would eliminate a rather ineffective competition presently offered by Cresson Bank, it is not
believed that the overall competitive situation in the two service
areas will be substantially affected.
Basis for Comptroller's Approval
These banks are located in the west-central section of Pennsylvania.
Because of the curtailment of coal mining and railroad activities, the
area is economically depressed. As a result of the purchase, the continuing bank will offer the Cresson area a wider range of banking
services, including trust facilities, and a more liberal loan policy.
There will be no material effect on competition between the two banks
since it is, at present, nominal, and the purchase will result in more
effective competition with the two large banks in the service area.
Banking offices
Name of bank and type of transaction
The First National Bank of Latonia, Covington, Ky.
with
_
_
--and The First National Bank and Trust Company of Covington, Ky. (718), which had
consolidated Aug. 25, 1961, under charter and title of the
latter bank (718). The consolidated bank at date of consolidation had
Total assets
In operation
To be
operated
$3,118,919
13,069,937
16,188,855
Summary oj Report by Attorney General
Both banks are situated in Covington, Kentucky, and the two
banks are competitive with one another and with seven other banks
in the Covington area. The merger will not change the position of
First National of Covington as the area's second largest bank but
it will result in the elimination of a competitive factor which has
been able to secure 4.5% of the IPC deposits and 3.4% of the loan
business of the area.
Basis for Comptroller's Approval
Covington, Kentucky, is located directly across the Ohio River from
Cincinnati. Its population of approximately 60,000 is served by
6 comparatively small banks. Latonia, while actually part of
Covington, has retained much of its former separate identity. This
consolidation will provide a slightly larger bank for the Covington
area, and will have no significant effect upon competition.
REPORT OF THE COMPTROLLER OF THE CURRENCY
*
*
*
*
*
*
61
*
Banking offices
Name of bank and type of transaction
First National Bank of Myrtle Beach, S.C. (14698), with
and The South Carolina National Bank of Charleston,
S.C. (2044), which had
merged Aug. 26, 1961, under charter and title of the latter
bank (2044). The merged bank at date of merger had
Total assets
In operation
$7,356,953
3
265,703,819
To be
operated
39
273,060,772
42
Summary of Report by Attorney General
Application has been made for the consolidation of The South
Carolina National Bank of Charleston, Charleston, South Carolina,
and the First National Bank of Myrtle Beach, Myrtle Beach, South
Carolina. The Myrtle Beach community is a burgeoning resort area
with great potential for those who are, or wish to be, engaged in
commercial banking. It is presently being served by First National
and a branch of a small bank in Conway, South Carolina. South
Carolina National, the largest bank in South Carolina, seeks approval
to merge with the largest of these independent banks. Its entry into
Myrtle Beach via consolidation with the largest independent bank
in the area may create decisive disadvantages to independent commercial banking by others in the local service area.
Basis for Comptroller's Approval
Myrtle Beach is located 95 miles northeast of Charleston and is a
rapidly growing area, expanding from a summer resort to a year-round
resort and residential area.
Because of limited capital and a small loan capacity, the Myrtle
Beach bank has been unable to keep up with the needs of the community. There was no direct competition between the banks as their
service areas do not overlap and the merger will have no significant
effect on statewide banking. It will, however, bring increased banking
facilities to a rapidly growing area.
Banking offices
Name of bank and type of transaction
Total assets
City National Bank and Trust Company of Chicago, 111.
(13638), with
$380,193,920
and Continental Illinois National Bank and Trust Company of Chicago, 111. (13639), which had
2,869,753,825
merged Sept. 1, 1961, under charter and title of the latter
bank (13639). The merged bank at date of merger had.... 3,248,306,844
644637—62
In operation
To be
operated
1
1
1
62
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
Two of Chicago's leading commercial banks seek approval to merge.
If approval is granted, City National Bank and Trust Company of
Chicago (City) would be merged with and into Continental Illinois
National Bank and Trust Company of Chicago (Continental).
Amalgamation of the aforementioned banks would be contrary to
the criteria of Section 18 (c) of the Federal Deposit Insurance Corporation Act. Deleterious competitive effects flowing from such a merger
are not counterbalanced by the banks' assertions of benefits to the
public. Such benefits must be "demonstrable" and the burden of
demonstrating them lies with the applicants. They have failed to
provide persuasive evidence of concrete benefits which accrue either
to the nation as a whole or to any of its regions.
There are numerous harmful competitive effects which flow from
the merger under review. In the Chicago Metropolitan Area alone
there are enough harmful effects to support a decision denying approval to merge. In this region the following would occur:
1. Three bank concentration of more than 70 percent of loans
and deposits would be substantially increased.
2. City, the sixth largest bank, would be eliminated as a dynamic check force to further concentration in the hands of the
three largest banks.
3. Substantial competition which exists between City and Continental will be eliminated.
4. Harris Trust and Chicago National merged on October 24,
1960. Prior to their merger, both banks represented a substantial
check on further concentration in the hands of the first three.
Now City is to be eliminated as a competitive influence. These
mergers will have the cumulative effect of encouraging further
consolidations, further concentration and ultimately a completely
stratified banking structure.
Basis for Comptroller's Approval
This merger would combine the second and sixth largest banks in
Chicago, having total resources in excess of $3.2 billion. By virtue of
this merger Continental Illinois National Bank and Trust Company
would become by a small margin the largest bank in Chicago, and
would move up from tenth to ninth largest bank in the Nation. Continental Illinois National Bank and Trust Company was formed in
1929 out of a consolidation of Continental National Bank and Trust
Company of Chicago and Illinois Merchants Trust Company. Its
financial condition is good, its capital structure is adequate, and its
future earnings prospects are good.
The general character of the management of Continental Illinois
National Bank and Trust Company is very good. Its board of
directors consists of men outstanding in their respective businesses
and professions and prominent in civic affairs. Its active management
is composed of capable and experienced bankers. This management
talent will continue to be available to the merged bank. Thus Continental Illinois National Bank and Trust Company will continue to
be in the first rank of American financial institutions.
REPORT OF THE COMPTROLLER OF THE CURRENCY
63
City National Bank and Trust Company was formed in 1932 as
a successor to Central Republic Trust Company. Its financial history
and condition were satisfactory until little more than 6 years ago.
Its lack of progress in recent years and existing difficulties which are
the reason for this merger stem from the severe management problems
which the bank has had since 1955 when because of internal difficulties
it lost its chief executive, and its apparent inability to resolve these
problems in a satisfactory manner. While the present senior managing
officers of the bank are capable and experienced, they are past retirement age and have been serving on an interim basis at the invitation
of the board of directors while serious efforts have been made to
obtain top management personnel. In spite of diligent efforts the
bank has been unsuccessful in procuring qualified persons to assume
the top management positions. This lack of success is a result not
only of the shortage of qualified bank executives existing today, but
also, and primarily, of a unique problem of the bank which has made
prospective management personnel reluctant to accept employment.
The management problem extends also into the lower levels.
During the past few years morale has been poor among junior-officer
personnel and the bank has been losing such personnel to other banks.
This problem accelerated after it appeared that there might be a
long delay before the merger could be consummated, and while there
was uncertainty as to whether it would be permitted.
This merger would not have serious adverse effect upon competition.
Both banks are located in the central business district of Chicago,
approximately across the street from each other. Within this area
there are 16 banks, of which 5 are larger than City National Bank
and Trust Company, and 8 have total resources in excess of $100
million. These are large and aggressive banks. While City National
Bank and Trust Company would be eliminated as a competitor,
that bank's inability to acquire management with youth, aggressiveness, and promotional-minded leadership has prevented it from being
an effective and aggressive competitor. There appeared to be no
likelihood that it would be able to resolve its problems and become
an effective and aggressive competitor within the foreseeable future.
Moreover, after this merger there would remain adequate competition
at all levels in the Chicago area and there would remain an adequate
number of alternative sources of all banking services. Within the
city of Chicago, because of the Illinois ban on branch banking, there
are more than 75 banks. Of these, 14 have total resources in excess
of $100 million. Customers having need of the services of a bank of
$100 million size or larger are, of course, not confined to the Chicago
area, but have available to them the services of large banks throughout
the Nation.
There would be no effect upon competition at the national or regional
levels except to the extent that the competitive effectiveness of
Continental Illinois National Bank and Trust Company would be
slightly enhanced by its increased size resulting from this merger.
There would be no tendency toward monopoly resulting from this
merger. The merger would not bring the merged bank measurably
closer to the monopoly power of being able to raise prices or to exclude
competition,
64
REPORT OF THE COMPTROLLER OF THE CURRENCY
Accordingly, it was found that the proposed merger would be in the
public interest.
Banking offices
Name of bank and type of transaction
Citizens Savings Bank Company, Cambridge, Ohio, with
was purchased Sept. 2, 1961, by The Central National
Bank, Cambridge, Ohio (13905), which had
After the purchase was effected the receiving bank had.. _
Total assets
In operation
$3,209,407
1
9,054,135
12,099,607
To be
operated
4
5
Summary of Report by Attorney General
The Central National Bank at Cambridge, Cambridge, Ohio,
proposes to purchase the assets and to assume the liabilities of The
Citizens Savings Bank Company, Cambridge, Ohio.
The proposed acquisition would eliminate apparent competition
between the two banks which are now in second and fifth place in
their common service area. It also would make the resulting bank
the largest bank in the area and concentrate most of its banking in
the hands of two institutions. However, the competition between
the merging banks is only nominal since the president and large
stockholder of the acquiring bank recently acquired virtually all of
the stock of the selling bank.
Basis for Comptroller's Approval
Substantially all of the stock of The Citizens Savings Bank
Company, Cambridge, Ohio, was owned by the president of The
Central National Bank at Cambridge. This acquisition will resolve
a management problem for The Citizens Savings Bank Company,
will enable the convenience and needs of the community to be better
served, and should result in improved earnings by the combined
bank.
Banking offices
Name of bank and type of transaction
The Fredonia National Bank, Fredonia, Pa. (13884), with
was purchased Sept. 2,1961, by The First National Bank
of Mercer, Pa. (392), which had
After the purchase was effected the receiving bank had
Total assets
In operation
$1,527,046
1
13,055,000
14,649,872
1
To be
operated
2
65
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
The First National Bank of JMercer is the only bank in Mercer,
the county seat of Mercer County, Pennsylvania, it has total deposits
of $12,401,000, loans and discounts of $6,436,000, and total assets of
$13,055,000. Fredonia National Bank is the only bank in Fredonia, a
small town nine miles north of Mercer. It has deposits of $1,342,000,
loans and discounts of $753,000, and total assets of $1,507,000.
Several banks larger than either of the merging banks or the resulting
bank operate in Mercer County.
In our view the effects of the proposed acquisition on competition
would be as follows: A degree of existing competition between the
acquired and acquiring banks would be eliminated; one of twelve
competing banks in Mercer County would be eliminated; and the
acquiring bank would slightly increase its share of deposits, loans, and
banking resources. Because of the relatively small size of the acquired
bank and the number or relatively large competing banks which will
remain in Mercer County after the merger it is not felt that the effect
on competition will be significantly adverse.
Basis for Comptroller's Approval
This was an acquisition by the only bank in Mercer, Pa., of the
only bank in Fredonia, Pa., about 9 miles distant. It was brought
about by the decision of the executive officer of the Fredonia National
Bank to retire, which would have left the bank without management.
Banking offices
Name of bank and type of transaction
The First National Bank of New Kensington, Pa. (4913), with,
was purchased Sept. 26, 1961, by Pittsburgh National
Bank, Pittsburgh, Pa. (252), which had
After the purchase was effected the receiving bank had
Total "assets
In operation
$20,817, 790
1
979,386,000
995, 421,977
52
To be
operated
53
Summary of Report by Attorney General
Pittsburgh National Bank is the second largest bank in the Pittsburgh area with assets of approximately $980,000,000, operating 52
banking offices, which constitute approximately one-third of all
banking offices located in the service area comprised of the four
Pennsylvania counties of Allegheny, Butler, Washington and Westmoreland. During the past decade Pittsburgh National Bank has
assumed the liabilities and acquired the assets of 11 banks, has merged
with a 12th bank, and has consolidated with a 13th bank. In part, as a
result of said/acquisitions it has increased its loans by 205 percent
and its deposits by 94 percent. The First National Bank of New
66
REPORT OF THE COMPTROLLER OF THE CURRENCY
Kensington has total assets of approximately $22 million and is one
of the only two independent banks remaining in the New Kensington
area.
At the present time there are 12 banking offices in the New Kensington trade area to service a population of approximately 40,000. Of
these, only two are independent banks (National Deposit Bank,
Arnold, Pennsylvania, with IPC Deposits of $8,500,000 and loans of
$5,030,000, and The First National Bank of New Kensington). The
other ten banking offices are branch offices. These branch offices
include those of the applicant and Pittsburgh's largest bank, Mellon
National Bank and Trust Company.
The proposed acquisition will result in the elimination of competition between the acquiring and selling banks, eliminate still another
independent bank from the area, and continue the trend toward more
acquisitions and mergers in commercial banking in the Pittsburgh
area. The Pittsburgh area is now dominated by two large banks,
both of which have reached their position of dominance in large part
through acquisition of other banks.
The two largest banks in Pittsburgh now have approximately 73
percent of IPC deposits and over 75 percent of loans and discounts
of commercial banks in the Pittsburgh area. Concentration in banking in Pittsburgh is among the highest in the United States and a
pronounced tendency to monopoly in commercial banking exists in
that area. The proposed acquisition, considered either separately
or in conjunction with Pittsburgh National's numerous other acquisitions, would eliminate substantial existing competition, further the
tendency to monopoly in commercial banking in the Pittsburgh area
and raises serious questions under the antitrust laws.
It is the view of the Department of Justice that the tendency to
monopoly in commercial banking in the Pittsburgh area has reached
such proportions that any further mergers or consolidations by either
Pittsburgh National or Mellon National would raise serious questions
under the antitrust laws.
Basis for Comptroller's Approval
Pittsburgh, with a population of over 600,000, is located in Allegheny County and is the hub of an industrialized metropolitan area
embracing Allegheny, Washington, Butler, and Westmoreland
Counties. Pittsburgh National Bank is the second largest bank in
Pittsburgh, but is less than one-half the size of Mellon National
Bank, the largest bank in Pittsburgh. New Kensington is located in
Westmoreland County about 21 miles from Pittsburgh, and is set
apart by the Allegheny River and the Pennsylvania Turnpike.
Pittsburgh National Bank does not have a branch in New Kensington,
but there is a branch of Mellon National Bank there.
The banking factors involved in this acquisition were favorable,
and it did not appear that there would be any significant adverse
effect upon competition. This transaction would have no effect on
competition in Pittsburgh, nor would it have any adverse effect upon
competition in New Kensington, since the only effect there would be
67
REPORT OF THE COMPTROLLER OF THE CURRENCY
to substitute for the First National Bank of New Kensington, a
branch of Pittsburgh National which would then be in competition
with the New Kensington Branch of Mellon National Bank. There
appeared to be little, if any, competition between Pittsburgh National
Bank and the First National Bank of New Kensington.
There is no basis for any conclusion that this transaction would
further a tendency toward monopoly. While Pittsburgh National
Bank is a large bank, as indicated above it is less than one-half the
size of the largest bank in Pittsburgh, while there are 11 other
banks in Pittsburgh including 2 with assets in excess of $100 million,
as well as 26 other banks in the Pittsburgh area including 2 banks
in McKeesport having assets in excess of $100 million.
In Transamerica Corp. v. Board of Governors (C.A. 3, 1953), 206 F.
2d 163, 169, the court, in dealing with the question of what constitutes
a tendency toward monopoly stated:
A monopoly involves the power to raise prices or to exclude competition when
the monopolist desired to do so. Obviously, under section 7 it was not necessary
for the Board to find that Transamerica has actually achieved monopoly power
but merely that the stock acquisitions under attack have brought it measurably
closer to that end.
To a like effect see the report of the Attorney General's National
Committee to Study the Antitrust Laws, p. 124.
Obviously, by this acquisition the Pittsburgh National did not
move "measurably closer'' to the monopoly power of being able to
raise prices or to exclude competition.
Banking offices
Name of bank and type of transaction
The National Bank and Trust Company of West Grove, Pa.
(2669), with
and the National Bank and Trust Company of Kennett
Square, Pa. (2526), which had.
consolidated Sept. 29, 1961, under charter and title of the
latter bank (2526). The consolidated bank at date of
consolidation had
Total assets
In operation
$4, 514,028
1
12,443, 691
To be
operated
1
16,957,719
2
Summary of Report by Attorney General
It is our view that the proposed consolidation will have the effect of
eliminating a substantial amount of competition between the two
banks, particularly in the sizable geographical area over which their
respective service areas overlap, and that a large number of persons
and businesses who now have three commercial banks with which
they can transact commercial banking without the necessity for
traveling 10 miles or more would have only two banks available for
such business after the consolidation. However, there are a number
of other banks located beyond the 10-mile area. In these circumstances we do not believe that the effect on competition would be
substantially adverse.
68
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
This was a consolidation between banks in small towns in a rural
area. The primary reason for the consolidation was the age and poor
health of the managing officers of the West Grove bank.
Banking offices
Name of bank and type of transaction
Total assets
Osborne Trust Company, East Hampton, N.Y., with
and Valley National Bank of Long Island, Valley Stream,
N.Y. (11881), which had
consolidated Oct. 13, 1961, under charter and title of the
latter bank (11881). The consolidated bank at date of
consolidation had
$11,863,641
1
58, 565,396
9
In operation
To be
operated
11
70,429,038
Summary oj Report by Attorney General
The geographical distance separating these banks, the fact that
there is no competition between them and the dominant position
of Franklin National Bank in this region leads to the conclusion
that the merger would not have any substantial adverse effect upon
competition nor would it tend toward monopoly.
Basis for Comptroller's Approval
These two Long Island banks are located almost 100 miles apart.
The consolidated bank, with enlarged resources and greater depth of
management, would be able to provide broader commercial and trust
services to all the communities within its service area.
Banking offices
Name of bank and type of transaction
Total assets
Central Trust Capital Bank, Harrisburg, Pa., with._
and National Bank of York County, York, Pa. (694)
which had
___
__
_
consolidated Oct. 13, 1961, under charter of the latter
bank (694), and title "National Bank & Trust Company of Central Pennsylvania," York. The consolidated bank at date of consolidation had.
$49,016,310
In operation
To be
operated
5
77,329,955
126,346, 264
12
Summary of Report by Attorney General
Recent acquisitions by the National Bank of York County and
the Central Trust Capital Bank are primarily responsible for their
substantial growth. Since 1959, more than 60 percent ($39,4X0,799)
69
REPORT OF THE COMPTROLLER OF THE CURRENCY
of the National Bank's total deposits and since 1957, over 63 percent
($27,228,843) of Central Capital's total deposits are directly attributable to mergers.
The resulting bank would rank first in size in the individual service area of each participating bank, and the two largest banks in the
service area of National Bank would control 62 percent of total "IPC"
deposits, while the two largest in Central Trust's service area would
have 50 percent of total "IPC" deposits. This undue concentration
of banking power will inevitably lead small banks to attempt to combine in order to be able to effectively compete with the larger banks.
The proposed merger apparently is another in a pattern of mergers which has manifested itself in the last few years in the service
area involved, and is apparently an integral part of the operational
activities and expansion program of the participating banks. It
would serve to increase the relative strength of First National and
Central Trust in their respective banking areas. Although no substantial competition appears to directly exist between the two banks,
the eventual effects on competition in the general banking area
would appear to be adverse.
Basis for Comptroller's Approval
The consolidating banks are located some 25 miles apart and
appear to operate in separate and distinct service areas. Little, if
any, existing competition would be eliminated by the consolidation
which would provide increased capital and resources to meet the
needs of the respective growing communities, to meet the competition of larger city banks for the business of local industry, and to
expand services to the community.
Banking offices
Name of bank and type of transaction
The Commercial Trust and Savings Bank, Lynchburg, Va.,
with___
_
_
__
and the Lynchburg National Bank and Trust Company,
Lynchburg, Va. (1522), which had
_
merged Oct. 13, 1961, under charter and title of the latter
bank (1522). The merged bank at date of merger had__
Total assets
In operation
$2,092,088
1
43,708,949
To be
operated
8
45,590,245
9
Summary of Report by Attorney General
The Lynchburg National Bank and Trust Company, Lyncbburg,
Virginia, proposes to acquire by merger the Commercial Trust and
Savings Bank, of the same city.
The proposed merger would eliminate from competition a small but
apparently sound bank, reduce from four to three the number of
banks competing in the Lynchburg area, and further increase the
size of the largest bank, thus creating a tendency toward monopoly
banking in the area.
70
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
There were four banks in Lynchburg having total assets respectively
of $43.7 million, $34.4 million, $30.9 million, and $2.7 million. This
was a merger of the largest and the smallest. As may be seen from
the respective sizes, the merging bank was not an effective factor in
competition in Lynchburg. It had been in existence since 1919, but
its policies over the years had been nonaggressive, with the bulk of
its business confined to savings deposits and installment loans. Its
management situation dictated either merger or liquidation, and only
the Lynchburg National Bank and Trust Company evidenced an
interest in merger. Under the circumstances, there would be no
adverse effect upon competition, but the customers and shareholders
of The Commercial Trust and Savings Bank would be benefited.
Banking offices
Name of bank and type of transaction
The First National Bank of Marion, N.C. (6095), with_.
and First Union National Bank of North Carolina, Charlotte, N.C. (9164), which had
merged Oct. 13,1961, under charter and title of the latter
bank (9164). The merged bank at date of merger had
Total assets
In operation
$7,532,618
1
212, 854,970
To be
operated
35
219,211,417
36
Summary of Report by Attorney General
First Union National Bank is the fourth largest bank in North
Carolina with deposits of $167,627,000, net loans and discounts of
$85,794,000, and total assets of $187,319,000. It operates 32 banking
offices, most of which are located in the Western and Piedmont sections
of North Carolina. Beginning with the merger of the Union National
Bank of Charlotte and the First National Bank of Asheville in July
1958, the growth of First Union has been largely through merger.
First National Bank of Marion has one banking office, deposits of
$5,915,000, loans and discounts of $2,912,000, and total assets of
$6,724,000.
In our view, the merger would have the following effects on
competition:
1. In the area now served by the First National Bank of Marion
it would eliminate one of two independent banks now located in
the county and place the second independent bank at a serious
competitive disadvantage;
2. In the larger area served by First Union it would have little
immediate effect. Nevertheless, we feel that this merger should
be viewed as part of a pattern of mergers which taken in its
entirety has already had and will have further significant adverse
effects on banking competition in the State of North Carolina.
For these reasons we feel that the effects on competition of this
merger would be adverse.
71
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
Marion is located in the western part of the State, in an area whose
principal industries are lumbering, wood products, and the manufacturing of hosiery and textiles. It is a steadily growing industrial
area whose credit needs will continue to expand. The Marion bank
had a lending limit of $65,000, while the resulting bank will have a
limit of $1,500,000. The resulting bank will therefore be in a better
position to meet the needs of the Marion trade area. The proposed
transaction will not materially change the relative standing of the
First Union National Bank of North Carolina nor materially enhance
its size. Since the two banks are 85 miles apart, it would appear that
there was little direct competition between them.
Banking offices
Name of bank and type of transaction
Total assets
Bank of Florence, Florence, S.C., with
and The Citizens and Southern National Bank of South
Carolina, Charleston, S.C. (14425), which had
merged Oct. 14, 1961, under charter and title of the latter
bank (14425). The merged bank at date of merger had
$3,803,982
2
143,277,237
19
In operation
147*081,219
To be
operated
21
Summary oj Report by Attorney General
Citizens and Southern National Bank operates 19 banking offices,
located throughout the State of South Carolina. It has total deposits
$117,793,000, loan and discounts of $64,324,000, and total assets of
$131,449,000. The Bank of Florence operates two offices in Florence.
It has total deposits of $3,108,000, net loans and discounts of
$1,737,000, and total assets of $3,596,000.
In our view the merger would eliminate a strong, locally owned,
independent bank with a good record of service to the small businessmen and small farmers of the community. It might also place the
remaining independent bank in Florence in a disadvantageous competitive position. For these reasons, the effect on competition would
be adverse.
Basis jor Comptroller's Approval
Charleston, with a population of 76,000, is an established port city
with diversified manufacturing and distribution facilities and military
installations. In addition to being the home office of the continuing
bank, it is also served by the South Carolina National Bank and The
First National Bank of South Carolina.
Florence has a population of 25,000 and, while the local economy is
dominated by tobacco and cotton, there is some lumber and manufacturing carried on. The merger will bring to the Florence bank the
depth of management which it has been unable to achieve or afford,
and will ^broaden the base of operation of the continuing bank and
expand its services and facilities to an area which presently has the
services of only one major bank. The merger will not change the
72
REPORT OF THE COMPTROLLER OF THE CURRENCY.
relative standing in the State of the continuing bank nor materially
enhance its size.
Banking offices
Name of bank and type of transaction
Total assets
First National Bank of Collingswood, N J . (11607), with
and Haddonfleld National Bank, Haddonfield, N J .
(14457) which had..._
consolidated Oct. 20, 1961, under charter and title of the
latter bank (14457). The consolidated bank at date of
consolidation had
$10,487,050
In operation
To be
operated
28,204,778
38,691,834
Summary of Report by Attorney General
The combined banks would have 8.9 percent of the deposits and
6.4 percent of the loan resources in the relevant area. Although this
would place it well ahead of six other local banks, it would be well below
the comparable resources of the two large Camden banks. Presently,
the two banks offer services which are largely complementary, rather
than competitive and it appears that the resulting bank will be better
equipped to service its customers.
It would thus appear that, although a certain amount of competition
will be eliminated as a result of the consolidation, significant competition in the area will continue to exist. The consolidation would
not appear to have a substantial adverse effect on competition, nor
would it tend to contribute towards monopoly in the relevant area.
Basis for Comptroller's Approval
The consolidation of these two comparatively small banks located
about 3 miles apart, but within a very short distance of Camden, N.J.,
and Philadelphia, Pa., would have no appreciable effect upon competition, but would supply a larger credit potential and improved
services to the customers of the Collingswood Bank.
Banking offices
Name of bank and type of transaction
The Oxford National Bank, Oxford, Ohio (6059), with
was purchased Oct. 20,1961, by The First National Bank
and Trust Company of Hamilton, Ohio (56), which had..
After the purchase was effected the receiving bank had
Total assets
In operation
$4,796,000
1
43,974,000
48,770,000
4
To be
operated
5
Summary oj Report by Attorney General
The First National Bank and Trust Company of Hamilton, Hamilton, Ohio, proposes to purchase the assets and to assume the liabilities
of the Oxford National Bank, Oxford, Ohio.
73
REPORT OF THE COMPTROLLER OF THE CURRENCY
The proposed merger would eliminate a degree of competition
between the merging institutions, create a tendency toward further
mergers in the Oxford area of Ohio, and it would further increase the
size of the largest bank in Hamilton, thus creating a tendency toward
monopoly banking there. Thus, the effect on competition would
be adverse.
Basis for Comptroller's Approval
The effect of this transaction would be to provide Oxford, Ohio,
with a greater variety and more adequate banking services. Additionally, the Hamilton bank with its much larger size would be able
to undertake a badly needed building program which would have
been difficult for the Oxford Bank. It would also eliminate a possible
problem of management succession.
Hamilton, Ohio, and Oxford, Ohio, are 14 miles apart, and this
acquisition would have no significant effect upon competition.
Banking offices
Name of bank and type of transaction
The Harrisburg Trust Company, Harrisburg, Pa., with
and The Harrisburg National Bank, Harrisburg, Pa. (580),
which had
consolidated Oct. 27,1961, under charter of the latter bank
(580), and under the title "The Harrisburg National
Bank and Trust Company." The consolidated bank at
date of consolidation had
Total assets
In operation
$41,154,906
3
56,267,682
To be
operated
5
97,103,031
7
Summary of Report by Attorney General
The Harrisburg Trust Company, Harrisburg, Pennsylvania, proposes to consolidate with The Harrisburg National Bank, Harrisburg,
Pennsylvania, under the charter of The Harrisburg National Bank
with the title The Harrisburg National Bank and Trust Company.
Since there is far-reaching identity of the shareholders, directors,
and general officers of both banks, they cannot be considered to be
truly competitive with each other. A consolidation of the two banks
would only formalize a union which has existed for many years.
The resulting bank would remain the second largest banking institution in the area with a control of approximately one-fifth of its
deposits and loans.
Basis for Comptroller's Approval
Because of the common ownership, officers, and directors, the
consolidation would accomplish formally that which already exists
in fact. The consolidation would have no effect upon competition.
74
REPORT OF THE COMPTROLLER OF THE CURRENCY
*
*
*
*
*
*
*
Banking offices
Name of bank and type of transaction
The Central National Bank and Trust Company of Peoria,
111. (3214), with
_
_
_
and Commercial National Bank of Peoria, 111. (3296),
which had
_
consolidated Oct. 27, 1961, under charter and title of the
latter bank (3296). The consolidated bank at date of
consolidation had
_
Total assets
In operation
$37,659,233
1
87,430,967
To be
operated
1
125,090,200
1
Summary of Report by Attorney General
The largest and fourth largest commercial banks in Peoria, Illinois
seek approval to merge. If approval is granted, Commercial National
Bank of Peoria, Illinois (Commercial), would be merged with Central
National Bank and Trust Company of Peoria, Illinois (Central).
Their consolidation would create serious adverse competitive consequences in the Peoria Metropolitan Area.
The three leading banks in the service area account for approximately 50 percent of total IPC deposits and loans and 63.5 percent
of demand IPC deposits. The remainder is shared by 26 other
banks. Commercial ranks first with 24.5 percent of demand IPC
deposits, 24.1 percent of total IPC deposits and 25.9 percent of total
loans. Central ranks fourth with 11.5 percent of demand IPC
deposits, 10.7 percent of total deposits and 11.4 percent of total
loans. As a result of the merger, the three leading banks will account
for more than 60 percent of total IPC deposits and loans. Hence,
there would be a substantial increase in concentration of deposits
and loans in the hands of the three leading banks.
Commercial and Central are substantial competitors for the following banking services:
(1) Demand IPC deposits.
(2) Total IPC deposits.
(3) Total loans.
(4) Commercial and industrial loans.
(5) Personal and corporate trust business.
Hence, substantial competition would be eliminated between the
merging banks.
Central, as fourth largest commercial bank prior to the merger,
would be eliminated as a check force to further concentration in the
hands of the three largest banks.
In addition, the combined institution would appear to have a substantial competitive advantage over its much smaller competitors.
Basis for Comptroller's Approval
Peoria is located midway between Chicago and St. Louis on the
Inland Waterway System, in the heart of the Illinois farm belt.
The city has a population of 103,000 and serves a primary trade
75
REPORT OF THE COMPTROLLER OF THE CURRENCY
area of 16 counties in central Illinois with a population of 718,000.
It is a major distribution center in the Midwest and the location of
many national corporations.
The consolidated unit will have a lending limit approaching $1
million. This increased limit is necessary in order to serve the
organizations located in the community. Heretofore, large money
transactions have sought the larger money centers such as Cleveland,
Chicago, St. Louis, Detroit, and Kansas City. The growth of the
area has outpaced the capacity of local banking institutions, and
since there is no branch banking allowed in Illinois, it is extremely
improbable that any of the local institutions would ever be able to
meet the needs of the industrial community through growth alone.
Direct competition between the two consolidating banks will be
eliminated. However, it is not felt that this will adversely affect
competition in the primary service area. The consolidated unit will
compete for business which was already beyond the capacity of banking institutions in the area. Thus, the primary effect of the consolidation will be a stimulation of competition with out of city banks and
the return of local business to a local bank.
There is exceedingly aggressive competition in the primary service
area of the consolidated unit from savings and loan associations and
29 other banks in the 2 counties surrounding Peoria. In addition,
the consolidated bank will face strong, active competition from
larger banks in Chicago and St. Louis.
Banking offices
Name of bank and type of transaction
The Citizens Banking and Savings Company, Conneaut,
Ohio, with
and The Farmers National Bank and Trust Company of
Ashtabula, Ohio (975), which had
consolidated Oct. 27, 1961, under charter and title of the
latter bank (975). The consolidated bank at date of
consolidation had
Total assets
In operation
To be
operated
$8,746,945
23,994,523
32,741,476
Summary of Report by Attorney General
The Farmers National Bank and Trust Company and The Citizens
Banking and Savings Company, the two leading banks in Ashtabula
County, * propose to consolidate and establish the leading bank in the
combined service area with control over 34.72 percent of total "IPC"
deposits and 37.99 percent of loans. Eight of the nine smaller competitors combined would control less than 45 percent of total "IPC"
deposits and less than 42 percent of loans and none of the eight individually would have more than 10 percent in either category.
The consolidations, if approved, would eliminate another independent bank, increase to a greater degree the concentration of banking
resources, and provide the resulting bank with competitive advantages
not easily available to the remaining rivals. This may eventually
*The Citizens Banking and Savings Company is the largest bank in Conneaut, but is not the second
largest bank in Ashtabula County.
76
REPORT OF THE COMPTROLLER OF THE CURRENCY
lead to additional mergers and a further concentration of banking
power in the area. It is the view of the Department of Justice,
therefore, that the consolidation of the two largest banks in Ashtabula
County would have adverse effects on present and potential competition in the general banking area.
Basis for Comptroller's Approval
The largest bank in Ashtabula County, Ohio, proposes to consolidate
with a smaller bank in a town 14 miles distant.
The area is presently depressed, but has experienced considerable
industrial development in the past 10 years and efforts are being made
to correct the present situation. Prospects for recovery and extensive
further development appear assured because of the effect of the completion of the St. Lawrence Seaway and highway developments now
underway. It is urged that a larger bank with a greater credit potential and expanded services is needed to assist in the recovery and
serve the economic expansion to follow. The proposed transaction
will serve to meet the described situation.
This consolidation will result in improved management in the
consolidated bank with adequate provision for the future.
The resulting bank will continue to be the largest bank in the area.
However, the resulting bank will be in a position to compete more
effectively with larger banks from other financial centers which are
now actively soliciting business in the area. Therefore, the overall
effect on competition will not be unfavorable.
Banking offices
Name of bank and type of transaction
Security State Bank and Trust Company of Beaumont,
Texas, with
and The First National Bank of Beaumont, Texas (4017),
which had
consolidated Oct. 28,1961, under charter of the latter bank
(4017), and title "First Security National Bank of Beaumont." The consolidated bank at date of consolidation had
Total assets
In operation
$18,343,808
1
68,213,017
To be
operated
1
86,556,825
1
Summary of Report by Attorney General
First National is presently one of the two major banks in Beaumont,
Texas. Security Bank is the third largest bank in Beaumont. The
remaining banks are either under the control of one of the major banks
or are so small as to lack substantial competitive significance.
Security Bank has not been a very active competitor, largely
because it has been in a position to rely on revenues from its oil
properties. Since these have recently been drastically reduced, the
bank may soon be expected to make efforts to realize the potential of
its resources and thus greatly expand its lending activities.
77
REPORT OF THE COMPTROLLER OF THE CURRENCY
Thus the consolidation will result not only in the elimination of
competition between Security and First National and the virtual
concentration of commercial banking facilities in Beaumont in two
institutions, but it will also eliminate Security just at the time it
could have been expected to offer much greater competition to the
two major banks. For these reasons, the consolidation will have an
adverse effect upon competition.
Basis for Comptroller's Approval
Beaumont is a major port of the Gulf Coast. It is also in the heart
of the United States' rice growing area, and is an important refining
center. It has experienced a rather dynamic industrial and population growth during the past 10 years, and future prospects of the area
are considered excellent. It is urged that a larger bank with greater
credit potential is needed to assist in the development of the area and
to meet the needs of the economic expansion.
The consolidated bank will have competent management and im-.
proved future earnings prospects.
After the consolidation there will remain in Beaumont two large
banks, their affiliates, and two small unit banks. The two large
banks have been and will remain the aggressive competitors for the
banking business in Beaumont. The Security State Bank has not
been an aggressive competitor, and there was no reason to expect it to
become one.
In view of the above it was concluded that this consolidation would
be in the public interest.
Banking offices
Name of bank and type of transaction
The Conneaut Banking and Trust Company, Conneaut,
Ohio, with
and "The Northeastern Ohio National Bank of Ashtabula,
Ohio," Ashtabula, Ohio (5075), which had
merged Oct. 31, 1961, under charter of the latter bank
(5075), and title "The Northeastern Ohio National Bank
of Ashtabula." The merged bank at date of merger had.
Total assets
In operation
$8,432,365
1
20,214,588
To be
operated
4
28,671,953
5
Summary of Report by Attorney General
The resulting bank would as a result of this merger become the
largest bank in the service area. The resulting bank and the second
largest bank would dominate the entire banking area. If the second
largest bank were to merge with the third largest as it presently intends, that combined institution and the resulting bank then would
have virtually 90 percent of all IPC demand deposits, time deposits,
and total loans in the service area of the resulting bank.
Thus, this merger would probably have an adverse effect upon
competition in the service area of the resulting bank, as well as creating
a tendency toward monopoly.
644637—62
6
78
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
Ashtabula is located in northeastern Ohio, 55 miles east of Cleveland
and 15 miles west of the Pennsylvania border. Conneaut, a similar
industrial community, is located 14 miles east of Ashtabula.
For a number of reasons The Conneaut Banking and Trust Company had been unable to keep pace with its local competition, it had
a poor earnings record, and its management had been decimated by
deaths. The merger will bring to the Conneaut bank's customers a
greater lending limit, larger resources, and will solve possible management-succession difficulties.
The direct competition between the two institutions was minimal
and the competitive banking situation in the Ashtabula-Conneaut
area will not change appreciably. This merger will also afford the
resulting bank a better opportunity to compete with the larger
Cleveland and Pittsburgh banks which are also active in the service
area.
Banking offices
Name of bank and type of transaction
Total assets
The Merchants Trust Company of Red Bank, N.J., with
and Asbury Park-Manasquan National Bank, Asbury
Park, N J . (13363), which had
_
consolidated Oct. 31,1961, under charter of the latter bank
(13363), and title "First Merchants National Bank,
Asbury Park." The consolidated bank at date of consolidation had
$29,952,056
3
47,367,320
4
In operation
77,319,377
To be
operated
7
Summary of Report by Attorney General
The Asbury Park-Manasquan National Bank, with head office in
Asbury Park, New Jersey, operates four offices in southeastern Monmouth County, New Jersey. It has total deposits of $41,510,000,
net loans and discounts of $24,270,000, and total assets of $45,194,000.
The Merchants Trust Company of Red Bank operates three offices in
northeastern Monmouth County. It has total deposits of $25,241,000,
net loans and discounts of $11,795,000, and total assets of $27,615,000.
The present merger is part of a wave of merger activity currently
taking place in Monmouth County. It would advance the resulting
bank to second place in the county and create a precedent under which
all pending or contemplated mergers discussed in the application would
be approved. The end result of these mergers would be a situation in
which three large banks controlled over 77% of deposits and over
79% of loans in the area of Monmouth County east of the Garden
State Parkway. These same three banks would be dominant in the
county as a whole. Their dominance would place the smaller independent banks at a competitive disadvantage and would probably
lead to further mergers, severely limiting the alternatives open to
banking customers.
It is the view of the Department of Justice, therefore, that the proposed merger, if consummated, would adversely affect competition
79
REPORT OF THE COMPTROLLER OF THE CURRENCY
both in the joint service area of the merging banks, and in Monmouth
County generally.
Basis for Comptroller's Approval
Asbury Park with a population of 19,000 is a beach resort and commercial center. Red Bank is located 10 miles from Asbury Park and
40 miles from New York City, and is primarily a residential community with a population of approximately 12,500. In and around
Red Bank are numerous light industries, some heavy industrial plants,
and Fort Monmouth which employs a large number of professional
and technical personnel.
Monmouth County has 17 commercial banks and the resulting bank
will be the largest in the county. However, it will not be substantially
larger than its two nearest competitors. Since the service areas of
the consolidating banks are separate and distinct, there is little competition between them. The resulting bank will encounter strong
competition from the remaining banks in the area and competition
in the Asbury-Red Bank area will be intensified.
The banking factors were favorable.
Banking offices
Name of bank and type of transaction
County Trust Company of Maryland, Glen Burnie, Md.,
with
and Baltimore National Bank, Baltimore, Md. (13745),
which had
consolidated Nov. 3, 1961, under charter and title of the
latter bank (13745). The consolidated bank at date of
consolidation had __
_
Total assets
In operation
$106,882,907
27
439,807,006
To be
operated
34
540,625,512
61
Summary of Report by Attorney General
Baltimore National Bank is the largest bank in Maryland. It
has deposits of $381,967,000, net loans and discounts of $182,581,000,
and total assets of $434,696,000. It operates 34 banking offices,
most of which are located in Metropolitan Baltimore and Baltimore
County. Its growth over the past ten years has been primarily through
merger. County Trust Company is one of the largest banks in Maryland headquartered outside of Baltimore. With 27 banking offices,
deposits of $88,494,000, loans and discounts of $55,124,000 and total
assets of $97,766,000, it is the dominant bank in the Southern Maryland-Eastern Shore area which it serves. Although it has participated in two mergers in the past ten years, its growth has been largely
internal. The proposed merger appears to be the first attempt by a
large Baltimore bank to enter the CTC service area through merger.
In our view, the merger would have the following effects on competition: (1) In the joint service area of the two banks it would substantially increase banking concentration, eliminate a strong independent factor in competition, and adversely affect small and medium
80
REPORT OF THE COMPTROLLER OF THE CURRENCY
size business both by transferring control of CTC's resources to the
management of BNB and by opening the door to a series of mergers
which would even more significantly reduce the alternatives available
to banking customers; (2) In the present BNB service area, it would
lessen competition for joint loans to large customers, eliminate
competition for the correspondent business of CTC, and eliminate
potential competition between BNB and metropolitan area branches
of CTC; (3) In the present CTC service area, it would eliminate
actual and potential competition between BNB and CTC and encourage a merger trend which would ultimately increase banking
concentration by eliminating many of the smaller independent banks
now operating in the area.
It is our view that these adverse effects on competition are particularly significant in view of the dollar amount of business involved
and the precedent which this merger may set for further development
of banking in the State of Maryland.
Basis for Comptroller's Approval
Baltimore is the seventh largest city in the United States and is a
major industrial and port city. Baltimore National Bank is the
largest bank in Baltimore, having 33 branches, all but one of which
are located in Baltimore and Baltimore County. County Trust
Company is a much smaller bank operating primarily in southern
Maryland and on the Eastern Shore. It has 26 branches, none of
which is in Baltimore County.
Southern Maryland and the Eastern Shore have changed substantially in characteristics in recent years. While both have been
agricultural areas, the proximity of southern Maryland to the metropolitan areas of Baltimore and Washington is causing it to undergo
many changes and it is becoming a suburban area with a rapidly
increasing population. The Eastern Shore remains primarily agricultural, but with the opening of the Chesapeake Bay Bridge there
began industrial development which continues and which will be
further stimulated upon the construction of the Lower Chesapeake
Bay Crossing now under construction. Diversified manufacturing
industry is growing in the area formerly concerned largely with
agriculture, seafood harvesting, dairying, the broiler industry, and
canning and feed mill operations.
The effect of the proposed merger will be to provide an enlarged
credit potential and expanded services to the growing southern
Maryland and Eastern Shore areas. It would permit the Baltimore
National Bank to expand into areas not now served by it. This is
a normal method of growth in banking in States which permit branch
banking.
Except to the extent that County Trust Company is large enough
to compete for some regional business, there was no substantial competition between these two banks. While Glen Burnie in which is
located the main office of County Trust Company is only 9 miles
south of Baltimore, it is a separate community in Anne Arundel
County. All the branches of County Trust Company are to the
south and west. All of the offices of Baltimore National Bank are
81
REPORT OF THE COMPTROLLER OF THE CURRENCY
in Baltimore County with the exception of one office at Friendship
Airport in Anne Arundel County. Accordingly, there is no significant
overlap of service areas for local business. This merger would result
in little, if any, adverse effect upon competition.
Banking offices
Name of bank and type of transaction
The Merchants National Bank of West Virginia at Clarksburg, W. Va. (1530), with
__._
was purchased Nov. 4, 1961, by The Union National
Bank of Clarksburg, W. Va. (7681), which had.._
After the purchase was effected the receiving bank had
Total assets
In operation
$7,209,247
1
31,839,000
38,246,000
To be
operated
1
1
Summary of Report by Attorney General
The largest of five banks in the Clarksburg area proposes to acquire
the fourth largest bank in that area. The merger would eliminate
a substantial amount of competition between the two banks, eliminate
a factor, although not an aggressive one, in competition and strengthen
the position of the largest bank in relation to the remaining competitors.
However, the application indicates that the merging bank may
not long remain in competition if it does not merge with the charter
bank. While the effect on competition of the merger would be adverse, it would not appear to be substantially so if the only solution
to the problems of the merging bank is in the form of the proposed
merger.
Basis for Comptroller's Approval
The city of Clarksburg has been designated as a distressed area
and its population has been steadily declining. The selling bank's
principal officer and stockholder desired to retire and had made no
arrangement for management succession. He proposed to sell the
bank's assets and to liquidate it. Therefore, there would appear
to be little actual reduction of competition as a result of the purchase.
Banking offices
Name of bank and type of transaction
The Danville Bank, Danville, Ohio, with
was purchased Nov. 10, 1961, by The First-Knox National
Bank of Mount Vernon, Ohio (7638), which had
After the purchase was effected the receiving bank had
Total assets
In operation
$2,513,407
1
18,789,475
21,302,882
3
To be
operated
4
82
REPORT OF THE COMPTROLLER OF THE CURRENCY
Summary of Report by Attorney General
The acquisition of this small bank by First-Knox would not appear
to offend substantially the competitive situation in the respective
service areas of these banks; further, there would not appear to be
any tendency toward monopoly.
Basis for Comptroller's Approval
The First-Knox National Bank will bring to the customers of the
selling bank and to the community an expanded credit potential and
improved service. It will offer trust services, specialized checking
accounts, securities transactions, and savings club accounts, which
are not presently being offered by the selling bank or its local competitor.
Banking offices
Name of bank and type of transaction
The Chatham Bank, Siler City, N.C., with__
_
and the First Union National Bank of North Carolina,
Charlotte, N.C. (9164), which had
_..
merged Nov. 10,1961, under charter and title of the latter
bank (9164).
The merged bank at date of merger had
Total assets
In operation
$13,674,564
3
216,023,703
To be
operated
37
227,118,096
40
Summary of Report by Attorney General
First Union National Bank is the fourth largest bank in North
Carolina, with deposits of $167,627,000, net loans and discounts of
$85,794,000, and total assets of $187,319,000. It operates 33 offices,
most of which are located in the western and Piedmont sections of
North Carolina. As of July 18, 1958, it had total loans of $27,455,000
and total deposits of $61,082,000; as of June 19, 1961, it had net loans
and discounts of $85,794,000 and total deposits of $167,627,000. This
growth has been primarily due to merger and does not include a proposed merger with First National Bank of Marion, North Carolina,
application for which, dated June 26, 1961, has been filed.
The proposed merger represents a continuation of a statewide trend
towards centralization of banking facilities in North Carolina. It will
eliminate one more successful independent bank in that State and signal still further centralization as each of the dominant banks seeks
to retain its position. For these reasons, it is felt that the merger
would have adverse effects on competition.
Basis for Comptroller's Approval
Siler City is located in the Piedmont section and its economy is
balanced between industry and agriculture. There has been a steady
industrial expansion in this area, which will continue. The Siler City
bank had a lending limit of $75,000, while the continuing bank would
83
REPORT OF THE COMPTROLLER OF THE CURRENCY
have a limit of $1,600,000 and be in a better position to meet the needs
of the Siler City area.
Since the main offices of the merging banks are 95 miles apart, there
was little direct competition. At present, the merging bank in Siler
City is the only banking association there. However, The Planters
National Bank and Trust Company of Rocky Mount recently received
approval to establish a branch there. There appeared to be no adverse effect on competition in either banking area as a result of the
merger.
Banking offices
Name of bank and type of transaction
Total assets
First National Bank in Highland Falls, N.Y. (13567), w i t h . . .
and the First National Bank of Poughkeepsie, N.Y. (465),
which had
_
merged Nov. 10,1961, under charter and title of the latter
bank (465). The merged bank at date of merger had
In operation
$16,122,791
1
65,959,333
To be
operated
3
81,701,802
4
Summary of Report by Attorney General
The Marine Midland Corporation, one of the largest bank holding
companies in the United States, has recently acquired the stock of the
charter bank, the largest of four commercial banks in its primary
service area.
Now that a strong foothold has been established in the Hudson
River Valley, the Marine Midland Corporation, in accordance with the
pattern set in other parts of New York State, has apparently made the
first move to acquire banks in surrounding counties and service areas.
The application for approval to merge shows the relative size of the
charter and merging banks as follows:
Charter bank
Total deposits
Loans and discounts
Merging bank
$61, 728, 000
29,118, 000
$10, 816, 000
7, 049, 000
Because of the limited need for banking facilities in the service area
of the merging bank, one bank has been sufficient to service the area
and no other banks have chosen therefore to start therein. The
merging bank as a result has obtained a monopoly of banking in its
area.
If the merger is permitted, a Marine Midland bank will take over
that monopoly.
There is no evidence in the application for leave to merge indicating
that the present bank has been unable to meet any loan requests or
other banking facilities required by customers of the bank.
As previously stated, the charter bank already dominates commercial banking in its service area, being larger than all of its competitors
combined and backed by a large bank holding company. In the
combined service areas of the merging banks, the merging bank ranks
84
REPORT OF THE COMPTROLLER OF THE CURRENCY
fourth in size in deposits and third in size in loans. After the merger,
the charter bank will have 61.9 percent of deposits and 58 percent of
loans in the combined service area. Thus, the already dominant position of the charter bank will be materially strengthened by the merger
and its much smaller competitors will be at an even more competitive
disadvantage.
It appears that the proposed merger will have a substantial adverse
effect on competition and will tend toward and result in the maintenance of monopoly in the service area involved.
Basis for Comptroller's Approval
Poughkeepsie is the county seat of Dutchess County, with a
population of 38,000, serving a trade area of 45,000.
Highland Falls, located in Orange County, is 35 miles from Poughkeepsie, has a population of 4,000 and serves a trade area of 9,000.
The community is bounded on the east by the Hudson River, on the
south by Bear Mountain, and on the north and west by the United
States Military Academy at West Point. It is the only bank servicing
this area and had specialized in servicing the military personnel stationed at the Academy and elsewhere. The bank's limited resources
have restricted its lending ability.
The First National Bank of Poughkeepsie is an affiliate of the
Marine Midland Corporation and is the largest bank in its service
area. Since the Highland Falls bank is the only bank in its area, the
merger would have no effect on competition in that area, and because
of its remoteness from Poughkeepsie, it would appear to have no
effect in the Poughkeepsie area. The continuing institution will produce a more ample credit potential, expanded services, and management depth to the Highland Falls area.
Banking offices
Name of bank and type of transaction
Total assets
In operation
The First National Bank of Everett, Wash. (4686), with
$74,071,412
and Seattle-First National Bank, Seattle, Wash. (11280),
which had__
_
1,099,893,284
merged Nov. 16,1961, under charter and title of the latter
bank (11280) The merged bank at date of merger had._ 1,174,228,944
To be
operated
8
89
97
Summary of Report by Attorney General
Inasmuch as the nearest office of one of the banks to an office of
the other appears to be approximately 8 miles, competition between
First National Bank of Everett, with 8 offices and assets of approximately $71,146,000, and Seattle-First National Bank, with 90 offices
and assets of approximately $1,062,620,000, may not be intense.
Further, because of a correspondent banking relationship between
the two banks and interlocking directorships existing over the years,
REPORT OF THE COMPTROLLER OF THE CURRENCY
85
Seattle-First has not established a branch in Everett or its immediate
vicinity. Nevertheless, Seattle-First has three branches within the
service area of First Everett as the result of an acquisition in 1956,
and First Everett has a branch in Lynwood, approximately ten miles
from two branches and a third proposed branch of Seattle-First
(although designated as not within the same service area), and some
competition, more potential than actual, does exist between the two
banks.
However, the dominant position of Seattle-First in commercial
banking in Seattle and throughout the State of Washington appears
to have more significance as a competitive factor in the proposed
merger. With 90 commercial banking locations out of the State's total
of 383 and with three additional offices authorized and an application
pending for a fourth, Seattle-First is by far the largest and the dominant bank in the state. Its deposits and loans each exceed one-third
of the totals of all commercial banks in Washington. As of December
31, 1960, it was 24th in size in the nation, and as of June 30, 1956
it had 49.14 percent of the total assets of Seattle commercial banks.
During the period from 1950 to March 1960 it acquired 16 banking
organizations by merger or consolidation, with assets ranging from
$2,000,000 to $16,000,000. The proposed acquisition would increase
its size by approximately $71,000,000, or slightly more than 2 percent
of the State's totals of deposits and loans.
The First National Bank of Everett is by far the leading bank in
Everett and vicinity, with about 44% of the IPC deposits and
about 53% of the loans among commercial banks in that area.
Real competition does not exist between First Everett and Everett
Trust and Savings Bank, the second largest bank in Everett, due to
common ownership and interlocking directorships. The principal
competition to First Everett is from branches of offices of two much
larger banks. If the merger is approved Everett Trust is expected
to become independent and a new substantial factor in competition.
The proposed merger considered in relation to past acquisitions of
Seattle-First, is a substantial step in the tendency to monopoly which
is apparent in Seattle and throughout the State of Washington.
Basis for Comptroller's Approval
By this merger Seattle-First National Bank would acquire for the
first time branches in Everett, Wash., located 29 miles north of
Seattle. Seattle-First National Bank is the largest bank in Washington, a State which permits statewide branch banking. This
merger will make available to Everett the banking services which can
be furnished by this very large bank.
The entry into Everett of this large bank will not adversely affect
competition in that community, for there are in operation there a
branch of the National Bank of Washington of Tacoma, Wash., and
a branch of Peoples National Bank of Washington in Seattle, both of
which are also large banks. There is also in operation there Everett
Trust & Savings Bank which has been an affiliate of Everett National
Bank, but which will not be affiliated with Seattle-First National
Bank,
86
REPORT OF THE COMPTROLLER OF THE CURRENCY
This merger will have no effect upon competition in Seattle, and
will not tend toward monopoly in the State of Washington, since by
this merger Seattle-First National Bank will not move measurably
closer to the monopoly power of being able to raise prices or to exclude
competition.
Banking offices
Name of bank and type of transaction
Hampden National Bank and Trust Company of Westfleld,
Mass. (1367), with
and The Third National Bank and Trust Company of
Springfield, Mass. (308), which had
consolidated Nov. 17,1961, under the charter of the latter
bank (308), and title "Third National Bank of Hampden
County." The consolidated bank at date of consolidation had___
_
Total assets
In operation
$12,507,582
1
111,420,394
To be
operated
9
123,927,976
10
Summary of Report by Attorney General
The Third National Bank and Trust Company of Springfield,
Springfield, Massachusetts, proposes to consolidate with the Hampden
National Bank and Trust Company of Westfield, Westfield, Massachusetts, under the charter of The Third National Bank and with the
title "Third National Bank of Hampden County."
The proposed consolidation would eliminate vigorous competition
between the two banks, further the existing tendency toward banking
concentration in the Westfield and Springfield areas, create a tendency
toward monopoly in the Westfield area, and eliminate the last
independent bank in Westfield. Thus the effect on competition by
the proposed consolidation would be strongly adverse.
Basis for Comptroller's Approval
Westfield, Mass., with a population of 26,000, is located about 12
miles west of Springfield. It has diversified manufacturing industry,
and also serves as a residential suburb for surrounding industrial
cities, particularly Springfield and Holyoke. The entry of the Third
National Bank & Trust Company of Springfield into Westfield will
bring expanded banking services to the customers of the Hampden
National Bank and will enable Third National Bank & Trust Company to acquire an office in Westfield to compete with the branch
there of Valley Bank & Trust Company, its largest competitor in the
Springfield area.
REPORT OF THE COMPTROLLER OF THE CURRENCY
*
*
*
*
*
*
87
*
Banking offices
Name of bank and type of transaction
Total assets
Walla Walla National Bank, Walla Walla, Wash. (14852),
with
was purchased Nov. 24, 1961, by Old National Bank of
Spokane, Wash. (4668), which had
After the purchase was effected the receiving bank had
$1,699,010
1
157,094,000
158,447,000
26
In operation
To be
operated
27
Summary oj Report by Attorney General
The proposed acquisition herein probably would not adversely
affect the competition situation in the service area of both banks but,
on the contrary, would probably provide increased competition
particularly in the service area of the selling bank.
Basis for Comptroller's Approval
The selling bank was chartered in 1959 and has not been successful
in attracting sufficient deposits and loans to enable it to operate at a
profit. Due to the fact that the nearest branch of the purchasing
bank is 57 miles from Walla Walla, little direct competition existed
between the two banks. The acquisition would have little effect on
the competitive position of the purchasing bank and will probably
increase competition in the service area of the selling bank.
Banking offices
Name of bank and type of transaction
The First National Bank of St. Johnsbury, Vt. (489), with..__
and The Howard National Bank arid Trust Company
of Burlington, Vt. (1698), which had
_
merged Nov. 30, 1961, under charter and title of the latter
bank (1698). The merged bank at date of merger had
Total assets
In operation
$3,311,779
1
41,133, 829
To be
operated
6
44, 288,409
7
Summary oj Report by Attorney General
The acquisition by the largest bank in Burlington, Vermont, of the
relatively small bank in St. Johnsbury, Vermont, would not appear to
eliminate any appreciable competition between them. However, the
injection of a large bank into the St. Johnsbury area may tend toward
monopoly in banking in that area.
88
REPORT OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval
This was a merger of a small commercial bank in the northeast
section of Vermont into the second largest commercial bank in the
State. The banking factors were favorable and there would be no
adverse effect upon competition.
Banking offices
Name of bank and type of transaction
Milan State Bank, Milan, Mich., with
and National Bank and Trust Company, Ann Arbor,
Mich. (14933), which had
merged Dec. 2,1961, under charter and title of the latter bank
(14933). The merged bank at date of merger had
Total assets
In operation
$6,493,975
1
53, 411, 855
To be
operated
5
6
59,905,830
Summary oj Report by Attorney General
National Bank and Trust Company is the smaller of two banks in
Ann Arbor, Michigan. Milan State Bank is the only bank in Milan,
Michigan, which is 15 miles southeast of Ann Arbor. There is virtually no competition between the charter and merging banks, and
neither has previously been engaged in any merger or consolidation.
The proposed merger appears to be motivated primarily by management difficulties at Milan State Bank, rather than any competitive
advantages which might flow therefrom.
It does not appear that the proposed merger will have substantial
adverse effects on competition and it will provide to the community
a bank with a stronger financial structure, better management and
increased banking services.
Basis for Comptroller's Approval
The Milan State Bank had existing management difficulties. The
proposed merger would have no adverse effect on competition and
would provide to the Milan community a bank with a stronger
financial structure, better management, and increased banking
services.
Banking offices
Name of bank and type of transaction
The First National Bank of Hoisington, Hoisington, Kansas
(9232), with
was purchased Dec. 28,1961, by The First National Bank
in Hoisington, Hoisington, Kansas (14961), which had-_
After the purchase was effected the receiving bank had __
Total assets
In operation
$3,307,370
1
300,000
3,358,292
1
To be
operated
1
89
REPOET OF THE COMPTROLLER OF THE CURRENCY
Basis for Comptroller's Approval1
This transaction involved the chartering of a new national bank,
The First National Bank in Hoisington, Kans., for the express purpose of purchasing the assets and assuming the liabilities of The First
National Bank of Hoisington, Kans. The transaction was approved
in order to prevent the probable failure of The First National Bank
of Hoisington, Kans.
Banking offices
Name of bank and type of transaction
The Peoples National Bank and Trust Company Pemberton,
N J . (8129), with
and Mechanics National Bank of Burlington, N J . (1222),
which hadconsolidated Dec. 29, 1961, under charter and title of the
latter bank (1222). The consolidated bank at date of
consolidation had
Total assets
In operation
$9,629,465
2
20,536,070
To be
operated
4
30,165,534
6
Summary of Report by Attorney General
The Mechanics National Bank of Burlington, Burlington, New
Jersey, with total deposits of $16,790,000 and total net loans of
$10,632,000, and The Peoples National Bank & Trust Company of
Pemberton, Pemberton, New Jersey, with total deposits of $8,624,000,
and total net loans of $2,338,000, propose to merge. The two banks
are second and fifth, respectively, among the sixteen banks in Burlington County, and the resulting bank would be first, with about
$25,300,000 in deposits, equal to 21 percent of total county deposits.
The largest bank presently has $24,000,000 in deposits, equal to 20
percent of total county deposits. It is understood that two Philadelphia banks, operating branch offices in Bristol, Pennsylvania, across
the Delaware River from Burlington, are actively soliciting the larger
businesses and wealthier individuals in the Burlington area and have
been successful in obtaining loan and trust business. The resulting
bank proposes to expand its trust services to reduce the drain of business .from the area.
It appears that little competition would be eliminated by the proposed merger and that there would not be substantial lessening of
competition should the proposed merger be consummated.
Basis for Comptroller's Approval
Application has been made to consolidate the Mechanics National
Bank of Burlington, Burlington, N.J., and The Peoples National Bank
& Trust Company of Pemberton, Pemberton, N.J.
In acting upon such applications, the Comptroller is required by
section 18(c) of the Federal Deposit Insurance Act to consider the
i Because the probability of failure confronted The First National Bank of Hoisington no report wa<*
requested of or received from the Department of Justice on this transaction.
90
REPORT OF THE COMPTROLLER OF THE CURRENCY
financial history and condition of each of the banks involved, the
adequacy of its capital structure, its future earnings prospects, the
general character of its management, the convenience and needs of the
community to be served, whether or not its corporate powers are
consistent with the purposes of the Federal Deposit Insurance Act,
and the effect of the transaction on competition (including any tendency toward monopoly).
The Mechanics National Bank of Burlington Was chartered June 5,
1865, a conversion of The Mechanics Bank of Burlington. It operates
three branches and a small trust department. The deposits of the
bank were $18,767,237.93 as of October 2, 1961.
The Peoples National Bank & Trust Company of Pemberton, Pemberton, N.J., was chartered March 9, 1906. It operates one branch
and has one approved but unopened branch. The bank's deposits as
of August 21, 1961, were $8,941,102.99.
Burlington, N.J., has a population of about 15,000 and the trade
area contains approximately 55,000 additional. It is an industrial area
with housing developments and industry gradually absorbing the
surrounding farmland. Burlington has shown only nominal growth
over the past few years. However, the immediately surrounding area
has grown very rapidly.
Pemberton, N.J., is 14 miles southeast of Burlington and has a
population of 1,300. Its trade area embraces an additional 15,000.
The economy of the area is largely dependent on general farming and
berry growing. Local industry provides employment for about 400,
and others are employed at adjacent military bases which employ
several thousand civilians.
Both banks are located in Burlington County which has a population
of approximately 224,000. During the last decade the population
increased by 65 percent. Originally, the county was predominantly
agricultural in nature. However, in the past 10 years there has been a
trend toward suburban residential construction and industrialization.
This growth is attributable to the county's favorable location in the
center of the rapidly growing Delaware Valley area, with its excellent
transportation and shipping facilities. The county is presently
serviced by 17 commercial banks, 1 savings bank, and 9 savings and
loan associations.
The capital funds of the consolidated bank will be marginally adequate. Additional capital will be required in the near future. The
future earning prospects appear to be satisfactory. There will be some
improvement in depth of management.
The consolidated bank will be the largest bank in the county, with a
lending limit of $261,000. This increased lending limit would enable
some of the area customers, particularly those in Pemberton, to do
their borrowing locally. The consolidated bank also proposes to
extend and specialize its services which will provide the necessary
facilities to service the further industrial expansion anticipated in the
county.
While the consolidated bank would be the largest bank in the
pounty, it would be second in size as far as IPC deposits are concerned.
The consolidating banks, because of the distance between them, their
respective size, and the extent of other competing institutions in the
91
REPORT OF THE COMPTROLLER OF THE CURRENCY
county, cannot be said to be substantially in competition with one
another, and the consolidation would result in only minor reduction
in competition between the two institutions.
In view of the above, we find the proposed consolidation to be in the
public interest and therefore the application is approved.
Banking offices
Name of bank and type of transaction
The Quarryville National Bank, Quarryville, Pa. (3067), with.,
and The Lancaster County National Bank, Lancaster, Pa.
(683), which had_
__.
_
merged Dec. 29, 1961, under charter and title of the latter
bank (683). The merged bank at date of merger had. _ _
Total assets
In operation
$6,490,666
1
44,204,735
To be
operated
4
50,695,401
5
Summary of Report by Attorney General
Lancaster County National Bank proposes to merge with Quarryville National Bank. Lancaster National is, and would remain, the
second largest bank in the area. It operates four offices, the acquired
bank operates one. Quarryville National offers no trust service and
no consumer loans. Its lending limit is $56,000, but it makes no
loans above $40,000 as a matter of policy.
The proposed merger would probably not have a substantially
adverse effect on competition.
Basis for Comptroller's Approval
Application has been made for the approval of the Comptroller of
the Currency, as required under the provisions of 18(c) of the Federal
Deposit Insurance Act (12 U.S.C. 1828(c)) and section 215a of Title
12 of the United States Code, to merge the Quarryville National Bank,
Quarryville, Pa., established October 26, 1883, charter No. 3067, with
assets of $6,185,634.59 as of June 30, 1961, with and into The Lancaster
County National Bank, Lancaster, Pa., organized August 16, 1841,
charter No. 683, with assets of $41,801,157.27 as of June 30, 1961.
In acting upon such applications, the Comptroller is required by
section 18(c) of the Federal Deposit Insurance Act to consider the
financial history and condition of each of the banks involved, the
adequacy of its capital structure, its future earnings prospects, the
general character of its management, the convenience and needs of
the community to be served, whether or not its corporate powers are
consistent with the purposes of the Federal Deposit Insurance Act,
and the effect of the transaction on competition, including any
tendency toward monopoly.
The financial history and condition, capital structure, future earnings prospects, and management of the merging banks are all favorable
and the proposed merger would not materially affect these factors.
The merging banks are presently satisfactorily servicing the convenience and needs of their immediate areas and the continuing bank
will be in a stronger position to continue to so service the area. Since
92
REPORT OF THE COMPTROLLER OF THE CURRENCY
the continuing bank will be a national bank, its corporate powers are
consistent with the purposes of the Federal Deposit Insurance Act.
The merger will involve banks in Lancaster and Quarryville, Pa.,
located some 15 miles apart, and it appears that there is little direct
competition between them. The continuing bank will be the second
largest bank in Lancaster, with deposits of $40 million, loans of $25
million, and a lending limit of $443,000. The continuing bank will
hold 25.8 percent of the individual-partnership-corporate deposits,
but three of its competitors, the Fulton National Bank of Lancaster,
Conestoga National Bank, Lancaster, and Farmers Bank and Trust
Company of Lancaster, will hold 27.3 percent, 19.2 percent, and 15.6
percent, respectively, of such deposits, with the remainder held by
four other banks.
The competitive position in Lancaster should remain relatively as
it is, but the other bank in Quarryville, Farmers National Bank, will
be in competition with a branch of the continuing bank having resources 12 times its size. However, since the banks in Quarryville
are in any case somewhat exposed to competition from the Lancaster
banks, the proposed merger would serve only to increase the degree of
competition for the other Quarryville bank.
For the reasons set out above, we find the proposed merger to bo in
the public interest and the application is therefore approved.
Banking offices
Name of bank and type of transaction
The Savings Institution of the City of Williamsport in the
County of Lycoming, Williamsport, Pa., with
was purchased Dec. 29, 1961, by The First National Bank
of Williamsport, Williamsport, Pa. (175), which had
After the purchase was effected the receiving bank h a d . . .
Total assets
In operation
$4,495,351
1
15,255,951
19,093,532
To be
operated
1
2
Summary of Report oj Attorney General
The city of Williamsport, with a population of almost 42,000, is
serviced by seven banks, with The Savings Institution (selling bank)
being the smallest. Because of charter limitations, The Savings
Institution is restricted to accepting time deposits only, and has
limited powers to invest in first mortgages and liens on real estate,
and in State and federal bonds. The bank has undergone a steady
decline in net operating income and is considering liquidation as an
alternative to this acquisition.
As a result of this acquisition, The First National Bank will rank
third among area banks, with 21.17% of the deposits and 17.12%
of the loans in the area. However, because of the very limited degree
of competition presently existing between the selling and purchasing
banks, and because of the existence of substantial competition among
the six remaining banks after this acquisition, and considering the
limited banking services now offered by the selling bank and its decline as a viable financial institution, it is believed that the proposed
93
REPORT OF THE COMPTROLLER OF THE CURRENCY
sale will not have a substantial adverse effect on competition nor will
it tend to create a monopoly.
Basis for Comptroller's Approval
Application has been made by The First National Bank of Williamsport, Williamsport, Pa., for the approval of the Comptroller of the
Currency, as required under the provisions of section 18(c) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1828(c)), to
purchase the assets and assume the liabilities of The Savings Institution of the City of Williamsport in the County of Lycoming, Williamsport, Pa.
The financial history and condition, future earnings prospects, and
management of the two banks are all favorable. The capitalization
of both institutions is sufficient at present, and if it is determined that
additional capitalization will be required, The First National Bank of
Williamsport has agreed to increase its capital by the sale of additional stock.
The two banks are presently satisfactorily servicing the convenience
and needs of their immediate area. Since the continuing bank will be
a national bank, its corporate powers are consistent with the purposes
of the Federal Deposit Insurance Act.
While the two banks are located in Williamsport, Pa., current
competition between them is limited to savings accounts and real
estate mortgages. The selling bank is the smallest in size of the seven
area banks; the purchasing bank is presently the third largest. The
First National Bank of Williamsport holds 16.16 percent of the individual-partnership-corporate deposits and 13.71 percent of the loans.
This bank, subsequent to the purchase, will continue to be in the third
position with 21.17 percent of the individual-partnership-corporate deposits and 17.12 percent of the loans. Therefore, it would appear
that the proposal will have little competive effect on the other area
banks.
We find the proposed purchase of assets and assumption of liabilities
to be in the public interest and the application is therefore approved.
Banking offices
Name of bank and type of transaction
Petersburg Savings and American Trust Company, Petersburg, Va., with
_
. _
and First and Merchants National Bank of Richmond,
Va. (1111), which had
merged Dec. 30, 1961, under charter and title of the latter
bank (1111). The merged bank at date of merger had
Total assets
In operation
$22,746,122
7
284,452, 664
To be
operated
12
304,061, 809
19
Summary of Report by Attorney General
The nearest office of the Petersburg bank to an office of the Richmond bank appears to be approximately 15 miles, and the number of
accounts in one bank originating in the service ar-ea of the other bank
644RK7
- 7
94
REPORT OF THE COMPTROLLER OF THE CURRENCY
is not large. The banks have no common loan accounts, and the
number of common depositors is nominal. Accordingly, it does not
appear that the proposed merger will have a substantial adverse
effect on active competition between the two banks.
However, inasmuch as First and Merchants is the largest commercial
bank within its service area and the proposed merger will increase its
total resources by approximately eight percent, the merger may be
conducive to a further concentration, if not monopoly itself, of commercial banking in areas in which the resulting bank conducts its
business. The effect of the proposed merger on competition will be
adverse.
Basis for Comptroller's Approval
The main offices of the merging banks were approximately 23 miles
apart, and none of their branches competed directly with each other,
so it did not appear the banks were in competition with one another
in any substantial way. The merger wxmld not materially change
the competitive position of the continuing bank in Richmond, but
would enable the merged bank to better service the credit needs
of the service area. It would enhance competition in the Petersburg
area since there are branches of State-Planters Bank of Commerce
and Trusts and the Bank of Virginia there with which the combined bank would be better able to compete.
APPENDIX
95
CONTENTS
TABLES
N"o. 1. Comptrollers and Deputy Comptrollers of the Currency since
1863
Ko. 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 on Dec. 31, 1961
No. 3. National banks chartered during the year ended Dec. 31, 1961-_
No. 4. National banks chartered which were conversions of State banks
during the year ended Dec. 31, 1961
No. 5. National banks reported in voluntary liquidation during the
year ended Dec. 31, 1961, 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 Aug. 17, 1950, and the laws of the States where the
banks are located, during the year ended Dec. 31, 1961, 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 Aug. 17, 1950,
and the laws of the States where the banks are located, during
the year ended Dec. 31, 1961, with the effective date and the
capital stock
No. 8. Purchases of State banks by national banks reported during the
year ended Dec. 31, 1961, 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 Dec. 31, 1961, under sees. 1, 2, and 3 of
the act of Nov. 7, 1918, as amended
No. 10. Mergers of national banks, or national and State banks, during
the year ended Dec. 31, 1961, under sees. 4 and 5 of the act of
Nov. 7, 1918, as amended
No. 11. Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961
No. 12. Number of domestic branches of national banks closed during
the year ended Dec. 31, 1961
.
No. 13. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, Dec. 31, 1960 and 1961
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 1961
No. 15. Dates of reports of condition of national banks, 1914-61
No. 16. Assets and liabilities of national banks on Apr. 12, June 30, Sept.
27, and Dec. 30, 1961
No. 17. Fiduciary activities of national banks as of Dec. 30, 1961
No. 18. Fiduciary activities of national banks by Federal Reserve districts
as of Dec. 30, 1961
No. 19. Classification of investments under administration by the active
national bank trust departments, Dec. 30, 1961
No. 20. Fiduciary activities of national banks by States as of Dec. 30,
1961
"
No. 21. General comparative figures of fiduciary activities
No. 22. National banks administering employee benefit trusts and
agencies during 1961, by Federal Reserve districts
No. 23. National banks administering employee benefit trusts and
agencies during 1961, by States
No. 24. Income, expenses, and dividends of national banks, by States, for
the year ended Dec. 31, 1961
No. 24-A. Occupancy expense of bank premises of national banks, by States,
for the year ended Dec. 31, 1961
97
Page
99
100
101
103
104
104
105
105
106
109
112
119
120
121
122
125
179
181
182
182
185
186
186
188
196
98
REPORT OF THE COMPTROLLER OF THE CURRENCY
Page
No. 25. Income, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended Dec. 31, 1961
No. 26. Income, expenses, and dividends of national banks, by size of
banks, for the year ended Dec. 31, 1961.,.
No. 27. Income, expenses, and dividends of national banks, year ended
Dec. 31, 1961
No. 28. Number of national banks, capital stock, capital funds, net
profits, dividends, and ratios, years ended Dec. 31, 1930-61
No. 29. Total loans of national banks, losses andi{recoveries on loans, and
ratio of net losses or ^recoveries to (loans, ;by {calendar years 194261
No. 30. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by calendar
years 1942-61
No. 31. Foreign branches of American national banks, Dec. 30, 1961
No. 32. Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 30, 1961
No. 33. Assets and liabilities of banks in the District of Columbia by
classes, Dec. 30, 1961
No. 34. Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended Dec. 31, 1961
No. 35. Assets and liabilities of nonnational banks in the District of
Columbia at^date Jof each calljduring the year ended Dec. 31,
1961
No. 36. Income, expenses, and dividends of banks in the District of
Columbia, year ended Dec. 31, 1961
No. 37. Number of banks, capital stock, capital funds, net profits, interest
and dividends, and ratios, all banks, in the District of Columbia,
years ended Dec. 31, 1930-61
No. 38. 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 1942-61
No. 39. 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 1942-61
No. 40. Fiduciary activities of banks in the District of Columbia, Dec. 30,
1961
No. 41. Assets and liabilities of all active banks in the United States and
possessions, by classes, Dec. 30, 1961
No. 42. Assets and liabilities of all active banks in the United States and
possessions, by States and territories, Dec. 30, 1961
No. 43. Assets and liabilities of active national banks, by States and
territories, Dec. 30, 1961
No. 44. Assets and liabilities of all active banks other than national, by
States and territories, Dec. 30, 1961
No. 45. Assets and liabilities of active State commercial banks, by States
and territories, Dec. 30, 1961
1
No. 46. Assets and liabilities of active mutual savings banks, by States and
territories, Dec. 30, 1961
No. 47. Assets and liabilities of active private banks, by States and territories, Dec. 30, 1961
No. 48. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, Dec. 30, 1961 __
No. 49. Officials of State banking departments and number of each class of
active banks in December 1961
No. 50. Assets and liabilities of all active banks, Dec. 31, 1936 to 1961
No. 51. Assets and liabilities of all active national banks, Dec. 31, 1936 to
1961
No. 52. Assets and liabilities of all active banks other than national, Dec.
31, 1936 to 1961
No. 53. National banks placed in charge of receiver during year ended
Dec. 31, 1961
No. 54. Bank suspensions since inauguration of Federal deposit insurance,
years ended Dec. 31, 1934 to 1961
198
202
206
208
209
209
210
211
212
214
215
216
218
219
221
223
224
226
236
246
256
266
272
277
279
282
283
284
285
286
REPORT OF THE COMPTROLLER OF THE CURRENCY
99
TABLE NO. 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
No.
Name
Date of appointment
Date of resignation
State
COMPTROLLERS OF THE CURRENCY
McCulloch, Hugh
Clarke, Freeman
Hulburd, Hiland R
Knox, John Jay
Cannon, Henry W
Trenholm, William L..__
Lacey, Edward S
Hepburn, A. Barton
Eckels, James H
Dawes, Charles G
Ridgely, William Barret.
Murray, Lawrence 0
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
Saxon, James J
May
Mar.
Feb.
Apr.
May
Apr.
May
Aug.
Apr.
Jan.
Oct.
Apr.
Feb.
Mar.
May
Dec.
Nov.
May
Oct.
Apr.
Nov.
9,1863 Mar.
21,1865 July
1,1867 Apr.
25,1872 Apr.
12,1884 Mar.
20,1886 Apr.
1,1889 June
2,1892 Apr.
26,1893 Dec.
1,1898 Sept.
1,1901 Mar.
27,1908 Apr.
2,1914 Mar.
17,1921 Apr.
1,1923 Dec.
20,1924 Nov.
21,1928 Sept.
11,1933 Apr.
24,1938 Feb.
16,1953 Nov.
8,1865
24,1866
3,1872
30,1884
1,1886
30,1889
30,1892
25,1893
31,1897
30,1901
28,1908
27,19131
2,1921
30,1923
17,1924
20,1928
20,1932
16,1938
15,1953
15,1961
16,1961
Indiana.
New York.
Ohio.
Minnesota.
Do.
South Carolina.
Michigan.
New York.
Illinois.
Do.
Do.
New York.
Virginia.
Ohio.
Illinois.
Do.
Ohio.
California.
Massachusetts.
Ohio.
Illinois.
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
Fleming, Chapman C .
Haggard, Hollis S
1 Term expired.
2 Died Mar. 2, 1923.
May
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
Sept. 15,1959
May 16,1960
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
May 16,1960
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.
Ohio.
Missouri.
100
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.
) and in existence Dec. 31, 1961
Organ-
Location
--- -_-
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
AlabamaMississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States
Ohio
Indiana
Illinois . .
Michigan
Wisconsin
Minnesota
Iowa
Missouri
. __
Total Middle Western
States
North Dakota
South Dakota
Nebraska...
_ _.
_
Kansas
Montana
Wyoming
_
Colorado
New Mexico
Oklahoma.
Total Western States
Consolidations
under
sees. 1,
2, and 3
Public Law 706
(12 U.S.C. 214)
Mergers
under
sees. 4
and 5
127
81
85
377
67
125
7
3
3
33
3
10
4
852
59
1,001
420
1,284
30
146
32
Insolvent
In
liquidation
4
13
5
17
28
2
7
79
22
29
207
58
69
14
72
112
41
92
30
4
17
3
8
2
2,913
256
255
193
155
127
193
206
181
82
114
1.236
to to i-*
Maine
New Hampshire
Vermont
Massachusetts .
Rhode Island
Connecticut
ized
Consolidated
and merged
under act
Nov. 7, 1918,
as amended
19
11
8
8
8
2
4
5
3
44
1
11
8
3,358
132
703
442
944
329
279
498
552
298
32
13
18
11
9
8
4
11
4,043
106
259
220
405
449
198
64
224
90
750
3
12
2,659
1
5
Con- Merged
verted or conto
solidated
State
with
banks
State
banks
1
In existence
23
51
30
96
4
22
1
4
8
464
1
26
226
130
59
211
1
17
7
437
150
473
18
68
13
4
55
10
41
8
4
233
156
450
3
52
4
53
425
1,159
4
118
898
5
28
38
44
43
42
42
45
16
16
141
39
37
36
74
68
58
49
87
41
62
34
53
572
55
110
94
1
16
567
1,357
3
1
112
98
227
77
54
116
205
58
331
204
295
156
115
192
242
148
8
947
1,683
12
100
93
83
76
76
12
55
25
85
118
81
198
197
76
26
84
36
453
43
605
1,269
6
3
5
7
2
1
1
1
3
13
4
1
4
2
1
1
128
70
31
25
53
121
69
27
42
474
56
86
74
13
11
1,262
2
3
1
1
3
7
3
4
2
1
222
126
400
79
101
180
97
77
8
9
1,282
1
1
2
4
38
33
121
168
43
26
80
29
200
738
101
HEPORT 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, 1961—Continued
Location
Organized
Washington
Oregon. __ _
California
________
Idaho
Utah
Nevada
Arizona
Alaska _. _
__ _
Hawaii
__. _.
Total Pacific States..
Puerto Rico
___
,
Virgin Islands of the United
States
Total possessions
Consolidated
and merged
under act
N o v . 7, 1918,
as amended
Consolidations
under
sees. 1,
2, and 3
18
2
19
46
In
liquidation
51
31
65
35
6
4
6
135
102
383
65
19
8
21
1
4
198
738
3
2
14
1,126
Insolvent
Mergers
under
sees. 4
and 5
231
149
534
111
38
17
31
8
7
Public Law 706
(12 U.S.C. 214)
4
1
1
1
19
1
Con- Merged
verted or consolidated
to
with
State
State
banks
banks
1
1
2
In existence
24
10
40
10
7
3
3
7
2
2
12
1
1
1
17
106
1
1
1
2
Total United States and
possessions
114,963
1
1
642
110
2 2,814
3
6, 671
32
181
4,513
1
Includes 456 organized under act F e b . 25,1863; 9,401 under act J u n e 3,1864, as amended; 10 under Gold
Currency Act of J u l y 12, 1870; and 5,096 under act M a r . 14, 1900.
2 Exclusive of those restored to solvency.
3 Includes 208 passed into liquidation upon expiration of corporate existence.
TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1961
Charter
No.
Title and location of bank
Capital
stock
ARKANSAS
14941
First National Bank of Warren !
$150,000
CALIFORNIA
14939
Golden Gate National Bank, San Francisco
__ _
1,725,000
COLORADO
14947
14952
First National Bank, Westminster x
Cherry Creek National Bank of Denver !
Total (2 banks)
206,000
600,000
806,000
FLORIDA
14932
14953
The National Bank of Tampa
Jacksonville National Bank, Jacksonville
Total (2 banks)
See footnotes at end of table.
400,000
1,000,000
1,400,000
102
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1961—Con.
Title and location of bank
Charter
No.
Capital
stock
ILLINOIS
14930
14935
14942
14943
14945
First National Bank of Schiller Park
First National Bank of Crystal Lake
Valley National Bank of Aurora
National Bank of North Evanston, Evanston
Southeast National Bank of Moline
Total (5 banks)
_
$150,000
200,000
220,000
300,000
200,000
1,070,000
INDIANA
14931
Portage National Bank, Portage.
_
_
14946
14954
Midway National Bank of Cedar Falls
Ankeny National Bank, Ankeny
250,000
IOWA
100,000
100,000
Total (2 banks)
200,000
KANSAS
14959
14961
Seneca National Bank of Wichita
The First National Bank in Hoisington
.
_ _
300,000
150,000
Total (2 banks)
450,000
MARYLAND
14937
14956
American National Bank of Silver Spring *
Elkridge National Bank, Elkridge—
680,000
200,000
Total (2 banks)
880,000
MICHIGAN
14933
14934
14948
National Bank and Trust Company of2 Ann Arbor ' .
l
.. _ „
1,200,000
250,000
3 5,000,000
The Empire National Bank, Empire
_'_ _ __ _
M i c h i g a n B a n k , N a t i o n a l Association, D e t r o i t l
T o t a l (3 banks)
3 6,450,000
MINNESOTA
14949
Franklin National Bank of Minneapolis
2G0,000
NEW JERSEY
14936
Cherry Hill National Bank of Delaware Township (P.O. Merchantville)
200,000
NEW YORK
1399
14951
The National Bank of Orange and Ulster Counties, Goshen * 4
County National Bank of Mineola
220,000
600,000
Total (2 banks)
820,000
OKLAHOMA
14960
Community National Bank of Warr Acres _«
_
_ _
_
_ _
_
300,000
SOUTH CAROLINA
14950
The First National Bank of Laurens
200,000
TEXAS
14938
14940
14944
14955
14962
Citizens National Bank of San Antonio
First National Bank of Duncanville
Pasadena National Bank, Pasadena
First National Bank of Zapata
Gateway National Bank of Fort Worth
Total (5 banks)
See footnotes at end of table.
_.
_
__ .
_
_
_.. -
250,000
200,000
200,000
100,000
400,000
1,150,000
REPORT OF THE COMPTROLLER OF THE CURRENCY
103
TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1961—Con.
Title and location of bank
Charter
No.
Capital
stock
WISCONSIN
14957
14958
Oak Creek Marine National Bank, Oak Creek
National Bank of Wausau
$200,000
200,000
Total (2 banks)
400,000
Total United States (34 banks)
3 16,651,000
1 Conversion of State-chartered bank.
2 Title and location changed to The Empire National Bank of Traverse City.
3 Includes $2,000,000 preferred capital stock.
* This bank operated under a national charter from July 7,1865 to May 15,1952, under charter No. 1399
and under the title "The National Bank of Orange County of Goshen", on which date it was converted to
a State bank under the title "The Bank of Orange County." In the course of re-conversion from the State
bank to a national banking association the bank was permitted to retain its original charter number.
TABLE N O . 4.—National banks chartered which were conversions of State banks
during the year ended Dec. 81, 1961
Charter
No.
14933
14934
14937
14941
14947
14948
1399
14952
Title and location of bank
State
National Bank and Trust Com- Mich.
pany of Ann Arbor.
The Empire National Bank, . . . d o
Empire. 1
American National Bank of Silver Md
Spring.
First National Bank of Warren
Ark
First National Bank, West- Colo
minster.
Michigan Bank, National Associ- Mich
ation, Detroit.
The National Bank of Orange and N.Y
Ulster Counties, Goshen.3
Cherry Creek National Bank of Colo
Denver.
Total (8 banks)
Effective
date of
charter
Authorized
capital
Approximate
surplus
and undivided
profits
Approximate
assets
Feb. 10
$1,200,000
$2,656,601
$49,508,652
Feb. 15
250,000
145,580
3, 565,676
Apr. 7
680,000
1, 593,039
31,100,901
June 15
July 20
150,000
206,000
272, 522
193, 509
4,307,047
5,918,444
Aug. 1 2 5,000,000
1, 789,372
194,002, 585
Aug. 14
220,000
627, 747
10,996,158
Sept. 29
600,000
725,096
15,672,633
2 8,306,000
8,003,466
315,072,096
1 Title and location changed to The Empire National Bank of Traverse City.
2 Includes $2,000,000 preferred capital stock.
3
This bank operated under a national charter from July 7, 1865 to May 15, 1952, under charter No. 1399
and under the title "The National Bank of Orange County of Goshen," on which date it converted to a
State bank under the title "The Bank of Orange County." In the course of re-conversion from the State
bank to a national banking association the bank was permitted to retain its original charter number.
104
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. 31, 1961, the names of succeeding banks in cases of succession with
date of liquidation and capital stock
Title and location of bank
The First National Bank of La Porte, Texas (12421)
The First National Bank of Cresson, Pa. (5768), absorbed by The First National Bank of Ebensburg, Pa
The Fords National Bank, Fords, N.J. (11428), absorbed by First Bank and
Trust Company, Perth Amboy, N.J
The Fredonia National Bank, Fredonia, Pa. (13884), absorbed by The First
National Bank of Mercer, Pa
The First National Bank of New Kensington, Pa. (4913), absorbed by Pittsburgh National Bank, Pittsburgh, Pa
The First National Bank of Williamsburg, Pa. (14182), absorbed by Hollidaysburg Trust Company, Hollidaysburg, Pa
__
The Smethport National Bank, Smethport, Pa. (8591), absorbed by Producers
Bank and Trust Company, Bradford, Pa—
The Oxford National Bank, Oxford, Ohio (6059), absorbed by The First
National Bank and Trust Company of Hamilton, Ohio
The Merchants National Bank of West Virginia at Clarksburg, W. Va. (1530),
absorbed by The Union National Bank of Clarksburg
The Walla Walla National Bank, Walla Walla, Wash. (14852), absorbed by
The Old National Bank of Spokane, Wash
_._
Date of
liquidation
Mar. 1,1961
Capital
stock
$50,000
Aug. 18,1961
50,000
Aug. 11,1961
300,000
Sept. 2,1961
50,000
Sept. 30,1961
375,000
Sept. 29,1961
50,000
Sept. 30,1961
50,000
Oct. 20,1961
100,000
Nov. 4,1961
120,000
Nov. 24,1961
200,000
Total (10 banks).
1,345,000
TABLE N O . 6.—National banks merged or consolidated with and into State banks
under the provisions of Public Law 706 {12 U.S.C. 214), approved Aug. 17, 1950,
and the laws of the States where the banks are located, during the year ended Dec.
31, 1961, with the effective date and the capital stock
Title and location of bank
Commercial National Bank of Kinston, N.C. 1 (14433), merged with and into
Wachovia Bank and Trust Company, Winston-Salem, N.C
Allenhurst National Bank and Trust Company, Allenhurst, N.J.2 (12891),
merged with and into The Central Jersey Bank and Trust Company,
Freehold, N.J
_
The National Bank and Trust Company of Spring City, Pa. 3 (2018), merged
with and into Montgomery County Bank and Trust Company, Norristown,
Pa.
Rockland-Atlas National Bank of Boston, Mass.* (615), merged with and into
State Street Bank and Trust Company, Boston
The National Bank of Fredonia, N.Y.s (9019), merged with and into Liberty
Bank and Trust Company, Buffalo, N.Y
The Cape Ann National Bank of Gloucester, Mass. (899), merged with and
into Gloucester Safe Deposit and Trust Company, Gloucester, and under
the title "Cape Ann Bank and Trust Company".
__
The First National Bank of Thomasville, N.C. (8788), merged with and into
Wachovia Bank and Trust Company, Winston-Salem, N . C
The First National Bank of Candor, N.Y. (353), merged with and into
The Farmers & Merchants Bank of Spencer, N.Y., and under the title
"Tioga State Bank"
—
The University National Bank of Chapel Hill, N.C.« (14697), merged with
and into Durham Bank & Trust Company, Durham, N . C , and under the
title "Central Carolina Bank and Trust Company"._
The First National Bank of Bradley Beach, N.J.7 (10224), merged with and
into The Central Jersey Bank and Trust Company, Freehold, N.J
The Fort Plain National Bank, Fort Plain, N.Y. (2860), merged with and
into State Bank of Albany, N . Y . . .
—
Greylock National Bank, Adams, Mass. (4562), merged with and into Berkshire Housatonic Trust Company, Pittsfleld, Mass., and under the title
"Berkshire Bank & Trust Company"..
_
The Peoples National Bank of Southbridge, Mass.* (11388), consolidated with
Guaranty Bank & Trust Company, Worcester, Mass
Total (13 banks).
1 With 2 local branches and 1 each at Morehead City and Sea Level.
2 With 1 local branch and 1 at Eatontown.
3 With 1 local branch.
* With 6 local branches.
* With 1 branch at Brocton.
o With 1 local branch.
7 With 1 branch at Neptune City,
s With 1 branch at Sturbridge.
Effective
date
Jan.
Capital
stock
3,1961
$300,000
Jan. 31,1961
750,000
Feb. 17,1961
300,000
Apr. 14,1961
3,000,000
Mar. 31,1961
150,000
June
2,1961
200,000
July 28,1961
500,000
June 30,1961
50,000
Sept. 30,1961
100,000
Oct. 11,1961
200,000
Sept. 22,1961
200,000
Dec. 29,1961
200,000
151,200
1,101,200
REPORT OF THE COMPTROLLER OF THE CURRENCY
105
TABLE N O . 7.—National banks converted into State banks under the provisions of
Public Law 706 {12 U.S.C. 214), approved Aug. 17, 1950, and the laws of the
States where the banks are located, during the year ended Dec. SI, 1961, with the
effective date and the capital stock
Title and location of bank
Effective
date
The Peoples National Bank of Richmond, Kans. (11728), converted into The
Peoples State Bank of Richmond
May 31,1961
Capital
stock
$50,000
TABLE N O . 8.—Purchases of Stale banks by national banks reported during the
year ended Dec. 31, 1961, with title, location, and capital stock of the State banks,
and effective dates of purchase
Title and location of bank
The Howard National Bank and Trust Company of Burlington, Vt.
purchased Central Savings Bank & Trust Company, Orleans, Vt
The United States National Bank of Portland, Oreg. (4514), purchased
Coquille Valley Bank, Coquille, Oreg
Oil City National Bank, Oil City, Pa. (14274), purchased East Brady Office
of Butler Savings and Trust Company, Butler, Pa
The First National Bank of Ironton, Ohio (98), purchased The Chesapeake
Bank, Chesapeake, Ohio
The Central National Bank, Cambridge, Ohio (13905), purchased Citizens
Savings Bank Company, Cambridge
The First-Knox National Bank of Mount Vernon, Ohio (7638), purchased
The Danville Bank, Danville, Ohio
The First National Bank of Williamsport, Pa. (175), purchased The Savings
Institution of the City of Wililamsport in the County of Lycoming,
Williamsport
Total (7 banks).
Effective
date
Capital
stock
Jan. 31,1961
$50,310
Feb. 17,1961
240,000
June 24,1961
June 30,1961
100,000
Sept. 2,1961
75,000
Nov. 10,1961
75,000
Dec. 29,1961
10,200
550, 510
106
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 9.—Consolidations of national banks, or national and State banks, during
the year ended Dec. 81, 1961, under sees. 1, 2, and 3 of the act of Nov. 7, 1918, as
amended
Capital
stock
Gardner Trust Company, Gardner, Mass.,1 with
and Worcester County National Bank, Worcester,
Mass. (14850), which had
consolidated Jan. 20, 1961, under charter and title of
the latter bank (14850). The consolidated bank at
date of consolidation had
The Farmers & Citizens State Bank, Crestline, Ohio,
with
and The First National Bank of Bucyrus, Ohio (443),
which had
consolidated Jan. 31, 1961, under charter of the latter
bank (443), and title "Crawford County National
Bank, Bucyrus." The consolidated bank at date
of consolidation had._
The First National Bank in Bristol, Tenn.2 (13640),
with
and The First National Bank of Kingsport, Tenn.
(10842), which had
._._
consolidated Feb. 8, 1961, under charter of the latter
bank (10842), and title "The First National Bank of
Sullivan County," Kingsport, Tenn. The consolidated bank at date of consolidation had
The State Bank of St. Johns, St. Johns, Mich., with
and The St. Johns National Bank, St. Johns, Mich.
(3378), which had
consolidated Feb. 21, 1961, under charter of the latter
bank !(3378), and title "Clinton National Bank and
Trust Company, St. Johns." The consolidated
bank at date of consolidation had
Security Trust Company, Lexington, Ky.3, with
and First National Bank and Trust Company of
Lexington, Ky. (906), which had
consolidated Mar. 1, 1961, under charter of the latter
bank (906), and title "First Security National Bank
and Trust Company of Lexington." The consolidated bank at date of consolidation had
The First National Bank and Trust Company of
Ossining, N.Y.4 (471), with
and First Westchester National Bank of New Rochelle, N.Y. (13955), which had
consolidated Mar. 3, 1961, under charter and title of
the latter bank (13955). The consolidated bank at
date of consolidation had
Egypt Schnecksville Bank, Egypt, Pa.s, with
and The Merchants National Bank of Allen town, Pa.
(6645), which had
consolidated May 26, 1961, under charter and title of
the latter bank (6645). The consolidated bank at
date of consolidation had
The Peoples Bank and Trust Company, Dayton, Ohio,e
with
and The Merchants National Bank and Trust Company of Dayton, Ohio (1788), which had
consolidated June 2, 1961, under charter of the latter
bank (1788), and title "The National Bank of Dayton." The consolidated bank at date of consolidation had
The Community 7 Bank and Trust Company, New
Haven, Conn. , with
and The Second National Bank of New Haven, Conn.
(227), which had
consolidated June 30, 1961, under charter and title of
the latter bank (227). The consolidated bank at
date of consolidation had
The Bank of McKees Rocks, McKees Rocks, Pa., with..
and Western Pennsylvania National Bank, McKeesport, Pa. (2222), which had
consolidate June 30, 1961, under charter and title of
the latter bank (2222). The consolidated bank at
date of consolidation had
The Farmers National Bank of Thompsontown, Pa.
(10211), with
and The Peoples National Bank of Mifflin, Pa.
(9678), which had
consolidated June 30, 1961, under charter of the latter
bank (9678), and title "The Peoples-Farmers National Bank, Mifflin, Pa." The consolidated bank
at date of consolidation had
See footnotes at end of table.
Undivided
profits
Total
$300,000
$400,000
$635,530
$11,033,964
3,575,000
7,600,000
1,251,353
142,074,489
3,935,000
7,940,000
1,885,070
153,136,765
60,000
80,000
57,131
1,960,677
100,000
200,000
82,252
4,487,187
200,000
300,000
79, 382
6, 447,864
250,000
750,000
466,426
17,927,308
1,000,000
1,000,000
1,288,816
40,438,632
1,375,000
200,000
1, 750,000
200,000
1, 532,010
219,115
58, 525, 732
6,615,418
200,000
200,000
167, 617
6, 708, 652
400,000
1,000,000
400,000
1, 200,000
386, 732
901,920
13,324,070
19, 751,883
1,250,000
1, 250,000
2, 556, 111
61, 419,801
2, 500,000
2, 500, 000
3,158,031
81,171,684
231, 500
231, 500
300, 234
12,228,644
1,872, 720
2, 200,000
1, 484, 575 69,354,346
2,197,395
150,000
2,431, 500
400,000
1, 691,634
178,142
81,174,061
8, 806, 613
1, 500,000
3, 500,000
863,186
67,738,416
1, 764, 375 3, 900,000
926, 953
76, 545,028
1,125,000
1,400,000
685,130
42,583,839
1,125,000
1,875,000
354,831
37,259,056
2,250,000
3,275, 000
939, 961
79, 842,895
500,000
500,000
145,991
13, 603,918
1,819,125
3,180,875
592, 940
60, 335, 520
2, 319,125
100,000
3,680,875
400,000
670,825
140,782
73, 973, 311
9, 562, 385
6,668,140
8,831,860
3,137,986
6, 868,140
1,131,860
217,317,817
3, 278, 769 226, 880,202
35,000
165,000
50,039
1,642,259
50,000
200,000
60,979
2,639,233
100,000
400,000
61,018
4,281,493
REPORT OP THE COMPTROLLER OF THE CURRENCY
107
TABLE NO. 9.— Consolidations of national banks, or national and State banks, during
the year ended Dec. 31, 1961, under sees. 1, 2, and 3 of the act of Nov. 7, 1918, as
amended—-Continued
Capital
stock
The Sharon National Bank, Sharon, Conn. (13245),
with
and The First National Bank of New Milford, Conn.
(1193), which had
consolidate July 14, 1961, under charter of the latter
bank (1193), and title "Litchfield County National
Bank, New Milford." The consolidated bank
at date of consolidation had
The State Savings Bank of Elsie, Mich., with
and Clinton National Bank and Trust Company, St.
Johns, Mich. (3378), which had
consolidate July 19, 1961, under charter and title of
the lattT bank (3378). The consolidated bank at
date of consolidation had
The Home Bank, Cridersville, Ohio, with
and The First National Bank of Wapakoneta, Ohio
(3157), which had
consolidated July 31, 1961, under charter and title of
the latter bank (3157). The consolidated bank at
date of consolidation had
The First National Bank of Latonia, Covington, Ky.
(6248), with
____
and The First National Bank and Trust Company
of Covington, Ky. (718), which had
consolidated Aug. 25, 1961, under charter and title of
the latter bank (718). The consolidated bank at
date of consolidation had
The First Trust Company of Lincoln, Nebr., with
and The National Bank of Commerce of Lincoln,
Nebr. (7239), which had
consolidated Sept. 9, 1961, under charter of the latter
bank (7239), and title "National Bank of Commerce
Trust and Savings Association." The consolidated bank at date of consolidation had
The National Bank and Trust Company of West
Grove, Pa. (2669), with
and the National Bank and Trust Company of Kennett Square, Pa. (2526), which had
consolidated Sept. 29, 1961, under charter and title
of the latter bank (2526). The consolidated bank
at date of consolidation had
Central Trust Capital Bank, Harrisburg, Pa.8, with...
and National Bank of York County, York, Pa, (694),
which had
consolidated Oct. 13, 1961, under charter of the latter
bank (694), and title "National Bank & Trust
Company of Central Pennsylvania," York. The
consolidated bank at date of consolidation had
Osborne Trust Company, East Hampton, N.Y., with__
and Valley National Bank of Long Island, Valley
Stream, N.Y. (11881), which had
consolidated Oct. 13, 1961, under charter and title of
the latter bank (U881). The consolidated bank at
date of consolidation had
First National Bank of Collingswood, N.J. (11607),
with
and Haddonfield National Bank, Haddonfield, N.J.
(14457), which had
consolidated Oct. 20, 1961, under charter and title of
the latter bank (14457). The consolidated bank at
date of consolidation had
Harrisburg Trust Company, Harrisburg, Pa. 9 , with
and The Harrisburg National Bank, Harrisburg, Pa.
(580), which had
consolidated Oct. 27, 1961, under charter of the latter
bank (580), and title "The Harrisburg National
Bank and Trust Company." The consolidated
bank at date of consolidation had
The Citizens Banking and Savings Company, Conneaut, Ohio, with
and The Farmers National Bank and Trust Company of Ashtabula, Ohio (975), which had
consolidated Oct. 27, 1961, under charter and title of
the latter bank (975). The consolidated bank at
date of consolidation had
See footnotes a t end of table.
Undivided
profits
Total
assets
$100,000
$100,000
$65, 753
$2, 727,836
420,000
600, 000
218,800
8,872,673
495,000
135, 000
725,000
95,000
284, 553
103,638
11,600, 509
2, 558,183
400,000
400,000
405, 275
13,053, 543
508,000
40,000
508,000
32,000
522, 913
35, 445
15, 600,388
1, 314,100
250,000
600,000
168,261
9, 691, 552
278,000
722,000
125,705
100,000
100,000
151,478
3,118,919
300,000
650,000
537,353
13,069,937
400,000
600,000
750,000
500,000
688,831
499, 482
16,188,855
1,892,233
1,800,000
1, 800,000
701,020
75, 632,396
2, 600,000
5, 600,000
800, 502
77, 524, 629
125,000
175, 000
203, 465
4, 514,028
250,000
600,000
394,157
12,443, 691
500,000
2,060,000
850,000
2,060,000
397, 622
809, 593
16,957,719
49,016,310
2,425,050
4,072, 500
1, 841, 287
77, 329, 955
5,392,020
350,000
6,132,500
250,000
1,743,910 126,346,264
324, 779 11,863,641
10,820,027
1, 223, 450 2, 500,000
492, 580
58, 565,396
1, 520,950
2, 750,000
889, 859
70,429,038
200,000
300,000
106,240
10,487,050
600,000
700,000
190,491
28, 204,778
800,000
1,000,000
1,000,000
3,000,000
296, 731
985, 955
38, 691,834
41,154,906
1,206, 641
2, 793, 360
762, 759
56,267,682
2,406,641
5, 593,360
1,748, 714
97,103,031
200,000
400,000
34,136
8,746,945
840,000
1,000,000
644, 695
23,994,532
1,160,000
1,440,000
518, 830
32,741,476
108
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 9.—Consolidations of national banks, or national and State banks, during
the year ended Dec. 31, 1961, under sees. 1, 2, and 3 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
Surplus
The Central National Bank and Trust Company of
Peoria, 111. (3214), with.
$1,000,000 $1,000,000
and Commercial National Bank of Peoria, III. (3296),
which had
_
3,000,000
3,000,000
consolidated Oct. 27, 1961, under charter and title of
the latter bank (3296). The consolidated bank at
date of consolidation had
4,500,000
4,500,000
Security State Bank and Trust Company of Beaumont,
Texas, with
300,000
1,000,000
and The First National Bank of Beaumont, Texas
(4017), which had
2,300,000
2,300,000
consolidated Oct. 28, 1961, under charter of the latter
bank (4017), and title "First Security National
Bank of Beaumont." The consolidated bank at
date of consolidation had
..
2,860,000
3,140,000
The Merchants Trust Company of Red Bank, N.J. 10 ,
with
__
420,000
1,000,000
and Asbury Park-Manasquan National Bank, Asbury Park, N.J. (13363), which had
1,800,000
1,000,000
consolidated Oct. 31, 1961, under charter of the latter
bank (13363), and title "First Merchants National
Bank, Asbury Park." The consolidated bank at
date of consolidation had
2,550,000
2,550,000
County 11
Trust Company of Maryland, Glen Burnie,
Md. , with
1,953,650
2,500,000
and Baltimore National Bank, Baltimore, Md.
7,292,500 20,207,500
(13745), which had
consolidated Nov. 3, 1961, under charter and title of
the latter bank (13745). The consolidated bank at
8, 855, 420 26,144, 580
date of consolidation had
Hampden National Bank and Trust Company of
Westfield, Mass. (1367), with
250,000
450,000
and The Third National Bank and Trust Company
of Springfield, Mass. (308), which had
2,0000,00
4,000,000
consolidated Nov. 17,1961, under charter of the latter
bank (308), and title "Third National Bank of
Hampden County," Springfield. The consolidated
2,260,000
5, 740,000
bank at date of consolidation had
The Peoples National Bank and Trust Company of
150,000
360,000
Pemberton, N.J.12 (8129), with
and Mechanics National Bank of Burlington, N.J.
703,125
946,875
(1222), which had
consolidated Dec. 29, 1961, under charter and title of
the latter bank (1222). The consolidated bank at
1,070,125
1,089,875
date of consolidation had
Undivided
profits
Total
assets
$829, 206 $37, 659,233
1,720,486
87,430,967
1, 549,691 125,090,200
186,012
18,343,808
1,147,934
68,213,017
1,233,946
86, 556, 825
567,929
29,952,056
848,940
47,367,320
536,869
77, 319,377
2,057,996
106, 882,907
4,937,342
439, 807,006
3,948,988
540,625,512
147, 543
12,507, 582
4,352, 982
111,420,394
3, 200, 525 123, 927,976
134, 590
9,629,465
271,958
20,536,070
406,549
30,165, 534
1 With 1 branch each in Ashburnham, South Gardner, Baldwinville, and Westminster.
2 With 1 local branch and 1 at No. 1 Bluff City Highway.
3 With 1 local branch.
* With 1 branch at Briarcliff Manor.
s With 1 local branch.
e With 3 local branches and 1 in Kettering.
7 With 1 local branch.
8
With 3 local branches and 1 at Colonial Park Plaza, 4600 Jamestown Road, Lower Paxton Township.
9 With 1 branch each in Highspire and Steelton.
i° With 1 branch each at Fair Haven and Holmdel.
» With 2 branches each in Annapolis, Salisbury, and Chestertown, and 1 branch each in Cambridge,
Federalsburg, Hurlock, Indian Head, La Plata, Leonardstown, Mechanicsville, Owings, Prince Frederick,
St. Michaels, Sharptown, Snow Hill, Solomons, Upper Marlboro, Vienna, Pocomoke City, Riviera Beach,
Oakland Shopping Center, Linthicum, and Tilghman.
}2 With 1 branch at Wrightstown.
REPORT OF THE COMPTROLLER OF THE CURRENCY
109
TABLE NO. 10.—Mergers of national banks, or national and State banks, during the
year ended Dec. 31, 1961, under sees. 4 and 5 of the act of Nov. 7, 1918, as
amended
Capital
stock
The National Bank of Argyle, N.Y. (13521), with
and The Manufacturers National Bank of Troy, N.Y.
(721), which had
merged Feb. 10, 1961, under charter and title of the
latter bank (721). The merged bank at date of
merger had
The First National Bank of Amsterdam, N.Y. (1307),
with
and The National Commercial Bank and Trust
Company of Albany, N.Y. (1301), which had
merged Feb. 17, 1961, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
Cicero State Bank, Cicero, N.Y.,i with
and The Merchants National Bank & Trust Company of Syracuse, N.Y. (1342), which had
merged Feb. 28, 1961, under charter and title of the
latter bank (1342). The merged bank at date of
merger had
The Citizens National Bank of Bedford, Va. (10621),
with
and The First National Exchange Bank of Roanoke,
Va. (2737), which had
merged Mar. 7, 1961, under charter and title of the
latter bank (2737). The merged bank at date of
merger had
Norwood Bank & Trust Company, Norwood, Mass.,
with
and South Shore National Bank of Quincy, Mass.
(14798), which had
merged Mar. 17, 1961, under charter and title of the
latter bank (14798). The merged bank at date of
merger had
Madrid Bank, Madrid, N.Y., with
and The St. Lawrence County National Bank of
Canton, N.Y. (8531), which had
merged Mar. 24,1961, under charter of the latter bank
(8531), and title "St. Lawrence County National
Bank of Canton, N.Y." The merged bank at date
of merger had
Georgetown State Bank, Georgetown, Ind., with
and The Union National Bank of New Albany, Ind.
(14047), which had
merged Mar. 25, 1961, under charter and title of the
latter bank (14047). The merged bank at date of
merger had
Citizens Bank and Trust Company of Middletown,
Pa., with
and The Harrisburg National Bank, Harrisburg, Pa.
(580), which had
merged Mar. 30, 1961, under charter and title of the
latter bank (580). The merged bank at date of
merger had
Coraopolis Trust Company, Coraopolis, Pa., with
The Coraopolis National Bank, Coraopolis, Pa. (5069),
with
and The Union National Bank of Pittsburgh, Pa.
(705), which had
merged Mar. 31, 1961, under charter and title of the
last-named bank (705). The merged bank at date
of merger had
The Bank of Waverly, Ky., with
and The Morganfield National Bank, Morganfleld,
Ky. (7490), which had
merged June 3, 1961, under charter and title of the
latter bank (7490). The merged bank at date of
merger had
The Farmers & Citizens Bank, Tiro, Ohio, with
and The Second National Bank of Bucyrus, Ohio
(3274), which had
merged June 17, 1961, under charter and title of the
latter bank (3274). The merged bank at date of
merger had
____--_._.
See footnotes a t end of table.
644037—62
a
Undivided
profits
Total
assets
$110,000
$142,311
$3,953, 953
1, 562, 500 2, 000,000
1, 504,079
67, 713,244
1,656,250
2,110,000
1, 592,640
71, 542,197
300, 000
700,000
242, 545
15, 581,208
$40,000
6, 282,870 13, 717,130
3, 032, 520 402, 561,280
6, 597, 870 13, 717,130
220,000
220,000
3,960, 064 417,914,996
236,347
9,484,260
2, 057, 000
3, 624, 000
1, 619, 964 93,604,470
2,321, 000
3, 800, 000
1, 840, 543 103,075,925
100,000
250, 000
162, 398
7,497, 743
2, 688, 000
5,400,000
1,896,013
118,892, 002
2,838,000
5, 650, 000 2,008,410
126,356,323
236, 905
129, 902
6,115,811
1, 482, 825 2, 980, 270
863,919
58,455,266
1,482, 825
40,000
3,217,175
30, 000
168,821
39,362
64, 573,106
1, 065, 625
200,000
500, 000
200,000
25, 000
500, 000
60, 000
278,071
51, 665
10,329, 558
1,188, 641
300, 000
500,000
394, 290
13,375,385
337, 500
560, 000
433,455
14, 564,026
125, 000
300,000
145,157
5,308, 598
1, 050,391
2,450, 000
576, 250
48, 218,110
1,206, 641
200,000
2, 793,360
500,000
646, 798
585, 784
53, 526, 708
13,309, 579
100, 000
200,000
231,162
5, 743,168
300, 000
9,263,933
3, 279, 000 10, 721, 000
1, 565,160 146, 257,842
3, 629, 000 11,371, 000
20, 000
30,000
2,218, 006 163,953,296
364,883
3,375
100,000
125, 000
181,098
4,473, 762
113, 500
40, 000
161, 650
36, 500
184,473
15,374
4,838, 795
643, 056
150, 000
350, 000
182, 635
190,000
386, 500
198,009
10,336.4^8
110
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, 1961, under sees. 4 and 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
Surplus
Nanty Qlo State Bank, Nanty Glo, Pa., with
$25,000
$175,000
and United States National Bank in Johnstown, Pa.
(13781), which had
_
•
900,000 2, 600,000
merged June 17, 1961, under charter and title of the
latter bank (13781). The merged bank at date of
980,000 3,020,000
merger had
Bank of San Rafael, San Rafael, Calif., with 2
1,750,000
573, 500
First National Bank in San Rafael, Calif., (12640),
with
1,750,000 1,053,522
and Crocker-Anglo National Bank, San Francisco,
Calif. (1741), which had
53,066,250 53,066,250
merged June 23, 1961, under charter and title of the
last-named bank (1741). The merged bank at date
56,566,250 56,566,250
of merger had
1
50,000
50,000
Bank of Carolina Beach, Carolina Beach, N.C., with..
and First National Bank of Jacksonville, N.C.
300,000
600,000
(14676), which had
merged July 22, 1961, under charter and title of the
latter bank (14676). The merged bank at date of
325,000
675,000
merger had
The Citizens-Waynesboro Bank and Trust Company,
200,000
450,000
Waynesboro, Va.3, with
and The Peoples National Bank of Charlottesville,
2,413,355
4,586,645
Va. (2594), which had
merged Aug. 2, 1961, under charter and title of the
latter bank (2594). The merged bank at date of
5,311,645
2,688,355
merger had
Fort Hill Bank and Trust Company, Clemson, S.C.,
100,000
85,000
with
and The First National Bank of South Carolina of
1,800,000 3,200,000
Columbia, S.C. (13720), which had
merged Aug. 4, 1961, under charter and title of the
latter bank (13720). The merged bank at date of
1,869,770 3,200,000
merger had
First National Bank of Myrtle Beach, S.C* (14698),
141, 500
165,000
with
_
and The South Carolina National Bank of Charles4,107,400 11,892,600
ton, S.C. (2044), which had
merged Aug. 26, 1961, under charter and title of the
latter bank (2044). The merged bank at date of
4,189,900 12,310,100
merger had
City National Bank and Trust Company of Chicago,
11,250,000 11,250,000
111. (13638), with
and Continental Illinois National Bank and Trust
100,000,000 175,000,000
Company of Chicago, 111. (13639), which had
merged Sept. 1, 1961, under charter and title of the
latter bank (13639). The merged bank at date of
115,750,000 186,250,000
merger had
The Commercial Trust and Savings Bank, Lynchburg,
100,000
150,000
Va., w i t h . . . . .
and The Lynchburg National Bank and Trust Com1,200,000 1,800,000
pany, Lynchburg, Va. (1522), which had
merged Oct. 13, 1961, under charter and title of the
latter bank (1522). The merged bank at date of
1,600,000 1,950,000
merger had
150,000
500,000
The First National Bank of Marion, N.C. (6095), with.
and First Union National Bank of North Carolina,
7,100,000 7,100,000
Charlotte, N.C. (9164), which had
merged Oct. 13, 1961, under charter and title of the
latter bank (9164). The merged bank at date of
7,512,500 7,487,500
merger had
200,000
200,000
Bank of Florence, Florence, S.C.s, with
and The Citizens and Southern National Bank of
South Carolina, Charleston, S.C. (14425), which
6,898,500
2,601,500
had
merged Oct. 14, 1961, under charter and title of the
latter bank (14425). The merged bank at date of
2,721,500
7,178,500
merger had
The Conneaut Banking and Trust Company, Con200,000
325,000
neaut, Ohio, with
and "The Northeastern Ohio National Bank of Ash687, 500
862,500
tabula, Ohio," Ashtabula, Ohio (5075), which had.
merged Oct. 31, 1961, under charter of the latter bank
(5075), and title "The Northeastern Ohio National
Bank of Ashtabula." The merged bank at date of
862, 500
687,500
merger had
See footnotes at end of table.
Undivided
profits
Total
assets
$134,231
$3,284,033
1, 547,640
54,868,882
1,381,871
362, 672
58,152,916
20, 571,324
630,501
43,892,228
25,781, 503 ,916,571,601
24.779.198
10,972
,977,791,421
944,844
54,693
8,176,413
65, 665
9,121,257
245,888
10,965,658
2, 748,693
89,888,122
2,644,582
100,428, 780
42,607
2,485,528
630,307
77,834,019
759,973
80,315,700
53,322
7,356,953
3,509,978
265,703,819
3,384,654
273,060,772
9,070,629 380,193,920
29,892,430 2,869,753,825
34,463,059 3,248,306,844
69,802
2,092,088
842,025
43,708,949
611,827
117,492
45,590,245
7, 532,618
2,842,606
212,854,970
2,810,098
27,452
219,211,417
3,803,982
1,323,185
143,277,237
1,350,638
147,081,219
115,658
8,432,365
395,118
20,214,588
260,776
28,671,953
REPORT OF THE COMPTROLLER OF THE CURRENCY
111
TABLE N O . 1O.;—Mergers of national banks, or national and State banks, during
the year ended Dec. 81, 1961, under sees. 4 o,nd 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
The Chatham Bank, Siler City, N.C.«, with
and First Union National Bank of North Carolina,
Charlotte, N.C. (9164), which had
merged Nov. 10, 1961, under charter and title of the
latter bank (9164). The merged bank at date of
merger had
First National Bank in Highland Falls, N.Y. (13567),
with
and The First National Bank of Poughkeepsie, N.Y.
(465), which had
__..
merged Nov. 10,1961, under charter of the latter bank
(465), and title "Marine Midland National Bank
of Southeastern New York," Poughkeepsie. The
merged bank at date of merger had
The First National Bank of Everett, Wash.? (4686),
with
and Seattle-First National Bank, Seattle, Wash.
(11280), which had
merged Nov. 16, 1961, under charter and title of the
latter bank (11280). The merged bank at date of
merger had
The First National Bank of St. Johnsbury, Vt. (489),
with
and The Howard National Bank and Trust Company of Burlington, Vt. (1698), which had
merged Nov. 30, 1961, under charter and title of the
latter bank (1698). The merged bank at date of
merger had
Milan State Bank, Milan, Mich., with
and National Bank and Trust Company, Ann Arbor,
Mich. (14933), which had_
__
merged Dec. 2, 1961, under charter and title of the
latter bank (14933). The merged bank at date of
merger had
i
The Quarryville National Bank, Quarryville, Pa.
(3067), with
_
and The Lancaster County National Bank, Lancaster,
Pa. (683), which had
merged Dec. 29, 1961, under charter and title of the
latter bank (683), The merged bank at date of
merger had
-Petersburg Savings8 and American Trust Company,
Petersburg, Va. , with
and First and Merchants National Bank of Richmond,
Va. (1111), which had
merged Dec. 30, 1961, under charter and title of the
latter bank (1111). The merged bank at date of
merger had
Surplus
Undivided
profits
Total
$200,000
$550,000
$209,158
$13,674,564
7,512,500
7,487, 500
2,957,329
216,023,703
7,937, 500
8,062,500
2,916,487
227,118,096
450,000
450,000
47,302
16,122,791
1,004,000
1,996,000
1,342,891
65,959,333
81,701,802
1,600,000
2,400,000
1,290,193
2,000,000
2,000,000
3,015,011
74,071,412
25,000,000
35,000,000
24,921,912
1,099,893,284
27,400,000
37,000,000
27,683,801 1,174,228,944
150,000
150,000
121,988
3,311, 779
1,400,000
1,275,000
891,025
41,133,829
1, 582, 500
150,000
1,425,000
200,000
980, 513
53,309
44,288,409
6,493,975
1,200,000
2,300,000
1, 287,333
53,411,855
1,350,000
2,500,000
1,340,642
59,905,830
60,000
500,000
127,323
6,490,666
1,000,000
2, 750,000
984,939
44,204,735
1,180,000
3,250,000
969,673
50,695,401
475,000
867,500
473,042
22, 746,122
6,192, 500
9,307,500
7,442,162
284,452,664
6,984,200
13,015,800
4,557,703
304,061,809
* With 1 branch at North Syracuse.
2 With 1 local branch and 1 branch each at Novato, Belvedere, Kentfield, Petaluma, Corte Madre, Mill
Valley, and San Anselmo.
3
With 1 local branch.
« With 2 local branches,
s With 1 local branch.
e With 1 branch each at Goldston and Liberty.
7
With 2 local branches and 1 branch each in Snohomish, Monroe, Town of Sultan, Lynwood, and Marysville.
s With 2 local branches and 2 branches each in Colonial Heights and Hopewell.
112
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961
Charter
No.
Title and location of bank
Branches authorized
under act of Feb. 25,
1927, as amended
Local
3185
14569
8765
13414
13097
14160
The First National Bank of Birmingham.
Birmingham Trust National Bank, Birmingham
The Henderson National Bank of Huntsville
The American National Bank & Trust Company of Mobile.
The Merchants National Bank of Mobile
First National Bank in Tuscumbia
12072
14691
The First National Bank of AnchorageCity National Bank of Anchorage
3728
14324
First National Bank of Arizona, Phoenix, Arizona.
The Valley National Bank of Arizona, Pheonix 1-._
14493
7240
13958
14818
14056
14941
First National Bank, Batesville
The Merchants National Bank of Fort Smith...
Union National Bank of Little Rock
American National Bank of North Little Rock.
National Bank of Commerce of Pine Bluff
First National Bank of Warren
ARKANSAS
CALIFORNIA
9655
1741
2158
13178
Community National Bank of Kern County, Button willow..._
Valley First National Bank, Cupertino
Citizens National Bank, Los Angeles
Security First National Bank, Los Angeles
Central Valley National Bank, Oakland
The First National Bank of Ontario
The First National Trust and Savings Bank of San Diego
The United States National Bank of San Diego
Bank of America National Trust and Savings Association, San Francisco.
The Bank of California, National Association, San Francisco..
Crocker-Anglo National Bank, San Francisco
The First National Bank of San Jose
The First National Bank of Vista
335
1184
227
1193
4
14588
The Connecticut National Bank, Bridgeport
The New Britain National Bank, New Britain
The Second National Bank of New Haven
Litchfield County National Bank, New Milford
The National Bank & Trust Company of Fairfield County, Stamford.
First National Bank of Windsor Locks
14670
14725
5927
2491
3050
10391
13044
CONNECTICUT
DISTRICT OF COLUMBIA
2038
2
The First National Bank of Washington
GEORGIA
1559
4944
4012
8477
13068
4429
The First National Bank of Atlanta
The First National Bank of Brunswick
The First National Bank of Cartersville
The Manufacturers National Bank of Newnan
The Citizens and Southern National Bank, Savannah.
The First National Bank of Valdosta
HAWAII
5550
First National Bank of Hawaii, Honolulu
IDAHO
14444
First Security Bank of Idaho, National Association, Boise-
See footnotes at end of table.
Other
than
local
Total
REPORT OF THE COMPTROLLER OF THE CURRENCY
113
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1961—Continued
Branches authorized
under act of Feb. 25,
1927, as amended
Charter
No.
Title and location of bank
Local
111
13729
9381
13542
14047
7946
13987
The Bedford National Bank, Bedford
The Citizens National Bank of Bedford
Citizens First National Bank of Bloomington
The First National Bank in Huntington
The Indiana National Bank of Indianapolis
Merchants National Bank & Trust Company of Indianapolis..
The First National Bank of Madison
Marion National Bank of Marion
The Merchants National Bank of Michigan City
The Posey County National Bank, Mount Vernon
The Union National Bank of New Albany
The Shelby National Bank of Shelbyville
The National Bank and Trust Company of South Bend
10139
3105
The Toy National Bank of Sioux City.
The First National Bank of Waverly_.
3175
13406
4008
12490
The
The
The
The
718
2560
8439
13651
906
14320
7490
12961
7254
The First National Bank and Trust Company of Covington
The Farmers National Bank of Cynthiana
The Citizens National Bank of Glasgow
The New Farmers National Bank of Glasgow
First Security National Bank and Trust Company of Lexington..
Liberty National Bank and Trust Company of Louisville
Morganfield National Bank, Morganfield
The Peoples First National Bank & Trust Company of Paducah.
The First National Bank of Prestonsburg
14645
6858
14477
3595
13648
Bastrop National Bank, Bastrop
The State National Bank of New Iberia...
National American Bank of New Orleans..
The First National Bank of Shreveport
Commercial National Bank in Shreveport.
5187
5173
14398
Citizens National Bank of Fort Scott
Peoples National Bank of Liberal
Union National Bank of Manhattan
Fourth National Bank and Trust Company, Wichita
KENTUCKY
The Liberty National Bank in Ellsworth..
First-Manufacturers National Bank of Lewiston and Auburn,
Lewiston
13750 Norway National Bank, Norway
4128 First National Bank of Portland
14303
2260
MARYLAND
4634
1413
13745
1434
5445
3187
14937
1596
The First National Bank of Aberdeen
The First National Bank of Baltimore
Maryland National Bank, Baltimore 3
The Easton National Bank of Maryland, Easton
The Citizens National Bank of Havre de Grace
__.
The Montgomery County National Bank of Rock ville .
American National Bank of Silver Spring..
The Union National Bank of Westminster
See footnotes at end of table.
Other
than
local
Total
114
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961—Continued
Charter
No.
Title and location of bank
Branches authorized
under act of Feb. 25,
1927, as amended
Local
Other
than
local
Total
MASSACHUSETTS
200
1320
1203
6077
588
2770
14834
779
14798
308
2108
14850
The First National Bank of Boston
The Falmouth National Bank, Falmouth
_
The National Mahaiwe Bank of Great Barrington
Union National Bank of Lowell
The First National Bank of Maiden
First National Bank of Marlboro, Marlborough
First National Bank of Natick.,
,
The Plymouth National Bank, Plymouth
South Shore National Bank of Quincy
_
The Third National of Bampden County, Springfield 4 .
The Union Market National Bank of Watertown
Worcester County National Bank, Worcester
14933
14185
14925
14948
13671
14934
13741
191
13820
12697
13753
13739
2550
14773
3378
National Bank and Trust Company of Ann Arbor
Security National Bank of Battle Creek.
_..
City National Bank of Detriot..
Michigan Bank, National Association, Detroit
National Bank of Detroit
The Empire National Bank of Traverse City *
The National Bank of Jackson
The First National Bank and Trust Company of Kalaniazoo
The American National Bank and Trust Company of Kalamazoo..
The Dart National Bank of Mason
First National Bank of Niles
_
Community National Bank of Pontiac
__
_.
The First National Bank of Quincy
National Bank of Royal Oak
_
_.
Clinton National Bank and Trust Company, St. Johns
__.
10738
10523
11898
13551
7266
First-Columbus National Bank, Columbus
First National Bank of Jackson
_
The Commercial National Bank and Trust Company of LaurelFirst National Bank in Meridian
_
The Citizens National Bank of Meridian
___.
13936
260
4939
8011
The
The
The
The
2746
13582
209
13425
The First National Bank of Falls City
The DeLay First National Bank of Norfolk..
First National Bank of Omaha
The American National Bank of Sidney
MICHIGAN
MISSISSIPPI
City National Bank and Trust Company of Kansas City.
First National Bank of Saint Charles. St. Charles
First National Bank of St. Joseph
First National Bank of Wellston
NEBRASKA
NEVADA
First National Bank of Nevada, Reno, NevadaSee footnotes at end of table.
5
1
1
11
1
2
REPORT OF THE COMPTROLLER OF THE CURRENCY
115
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1961—Continued
Charter
No.
Title and location of bank
Branches authorized
under act of Feb. 25,
1927, as amended
Local
NEW JERSEY
13363
8800
3866
1222
1209
8394
4365
892
14457
12271
1316
3697
329
5981
5556
5712
9542
13173
14378
First Merchants National Bank, Asbury Park...
The Boardwalk National Bank of Atlantic City
The First National Bank of Somerset County, Bound Brook
Mechanics National Bank of Burlington
First Camden National Bank and Trust Company, Camden
Closter National Bank and Trust Company, Closter
Citizens National Bank of Englewood
The Hunterdon County National Bank of Flemington
Haddonfield National Bank, Haddonfield
Broad National Bank, Newark
The National Newark and Essex Banking Company of Newark..
The Peoples National Bank of New Brunswick..
First National Bank of Passaic County, Paterson
The First National Bank and Trust Company of Paulsboro
The Second National Bank of Phillipsburg
_
The Ocean County National Bank of Point Pleasant Beach
The First National Bank of West Orange
The First National Bank of Whippany
Woodbridge National Bank, Woodbridge
13814
12485
6597
First National Bank in Albuquerque
Albuquerque National Bank, Albuquerque.
The First National Bank of Belen
1301
8531
11854
12746
3312
The National Commercial Bank and Trust Company of Albany
The St. Lawrence County National Bank of Canton, N.Y
Peninsula National Bank of Cedarhurst
Northern Westchester National Bank, Chappaqua
The Fulton County National Bank and Trust Company of Gloversville.
The National Bank of Orange and Ulster Counties, Goshen
The Long Island National Bank of Hicksville
Security National Bank of Long Island, Huntington
First National Bank and Trust Company of Ithaca
The Farmers National Bank of Malone
The Franklin National Bank of Long Island, Mineola
Nanuet National Bank, Nanuet—
First Westchester National Bank of New Rochelle
The First National City Bank of New York
First National City Trust Company, New York
•_.._.
Grace National Bank of New York
The Meadow Brook National Bank, Springfield Gardens, New York
Tappan Zee National Bank of Nyack
The Oceanside National Bank, Oceanside
The Farmers and Manufacturers National Bank of Poughkeepsie
Marine Midland National Bank of Southeastern New York, Poughkeepsie—
The Saugerties National Bank and Trust Company, Saugerties
The Eastern National Bank of Long Island, Smithtown
The South Fallsburg National Bank, South Fallsburg
The First National Bank of Spring Valley
The Merchants National Bank & Trust Company of Syracuse
The Manufacturers National Bank of Troy__
The Union National Bank of Troy
NEW MEXICO
NEW YORK
11087
6587
222
598
12997
13314
13955
1461
14853
12553
7703
14734
12458
1312
465
1040
14763
11809
5390
1342
721
See footnotes at end of table.
Other
than
local
Total
116
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec, $1, 1961—Continued
Gharter
Branches authorized
under act of Feb. 25,
1927, as amended
Title and location of bank
No.
Local
Other
than
local
Total
NEW YORK—continued
11881
10155
10525
9405
The Oneida National Bank and Trust Company of Central New York,
Utica
_
_
„
—
Valley National Bank of Long Island, Valley Stream
The Valley National Bank, Wallkill
National Bank of Westchester, White Plains
Essex County-Cham plain National Bank, Willsboro
9164
13761
4597
14676
10610
10608
6776
First Union National Bank of North Carolina, Charlotte
_
North Carolina National Bank, Charlotte
First National Bank of Catawba County, Hickory___ ._ _
First National Bank of Jacksonville
Southern National Bank of Lumberton _.
_
The Planters National Bank & Trust Company of Rocky Mount
The First National Bank of Shelby
14579
975
5075
443
3274
13905
786
14761
7745
6892
6372
1788
10
2604
243
2831
56
829
98
14290
7638
9179
11275
13832
7781
7795
14586
3157
2575
First National Bank of Akron
The Farmers National Bank and Trust Company of Ashtabula
The Northeastern Ohio National Bank of Ashtabula _ _ _
_ _
Crawford County National Bank, Bucyrus
The Second National Bank of Bucyrus
_
- _
_
__
_
The Central National Bank at Cambridge
The National City Bank of Cleveland
.
Society National Bank of Cleveland
The Huntington National Bank of Columbus
First National Bank of Coshocton
The First National Bank of Dalton
The Merchants National Bank and Trust Company of Dayton
_
The Third National Bank and Trust Company of Dayton. _ _
The Winters National Bank and Trust Company of Dayton
The First National Bank of Delaware
The First National Bank of Fostoria
The First National Bank and Trust Company of Hamilton
_.
The Second National Bank of Hamilton
The First National Bank of Ironton
The Lorain National Bank, Lorain
_
The First-Knox National Bank of Mount Vernon
The Park National Bank of Newark
The Citizens National Bank of Norwalk _
The National Bank of Portsmouth
The Security Central National Bank of Portsmouth
The Commercial National Bank of Tiffin.. _
_
The National Bank of Toledo
The First National Bank of Wapakoneta
The Citizens First National Bank of Xenia
12591
13018
14315
9964
5347
6159
The First National Bank and Trust Company of Ada— _
_
The Durant National Bank & Trust Company, Durant
The Security National Bank of Enid
_
The City National Bank of Guymon
The Stiliwater National Bank, Stillwater
The First National Bank of Yukon
1392
3
1
3
1
1
3
1
4
1
7
4
1
2
9
4
2
2
2
2
1
1
NORTH CAROLINA
2
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
3
1
3
1
1
1
OHIO
1
1
1
4
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
5
1
2
1
1
1
1
2
1
1
1
1
1
1
1
I
1
1
OKLAHOMA
1
1
1
1
1
1
1
1
1
1
1
OREGON
The First National Bank of Oregon, PortlandThe United States National Bank of Portland
See footnotes at end of table.
1553
4514
-
o
1
9
3
4
REPORT OF THE COMPTROLLER OF THE CURRENCY
117
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961—Continued
Branches authorized
under act of Feb. 25,
1927, as amended
Charter
No.
Title and location of bank
Local
PENNSYLVANIA
6645
2137
593
12526
5084
870
14051
13826
249
580
14098
13781
2526
9495
2222
392
9678
562
14274
539
6301
252
705
649
13803
12261
3632
1237
328
175
694
The Merchants National Bank of Allentown
The National Bank of Boyertown
The National Bank of Chambersburg
The Cheltenham National Bank, Cheltenham
The First National Bank of Ebensburg
The Marine National Bank of Erie
First National Bank of Export
The First National Bank of Freeport
The First National Bank of Mercer County, Greenvill°, Pa
The Harrisburg National Bank and Trust Company, Harrisburg 6--_
First National Bank in Indiana
United States National Bank in Johnstown
National Bank and Trust Company of Kennett Square
The Lancaster County National Bank, Lancastir
Lebanon Valley National Bank, Lebanon
The First National Bank of Leesport
Western Pennsylvania National Bank, McKeesport
The First National Bank of Mercer
The Peoples-Farmers National Bank, Mifflin, Pa
First National Bank of Lawrence County at New Castle
Oil City National Bank, Oil City
The Philadelphia National Bank, Philadelphia
Mellon National Bank and Trust Company, Pittsburgh
Pittsburgh National Bank, Pittsburgh
The Union National Bank of Pittsburgh
The Miners National Bank of Pottsville
First National Bank in Sharon
The Peoples National Bank of State College
The First-Stroudsburg National Bank, Stroudsburg
The First National Bank of Sunbury
The First National Bank of Wellsborough, Wellsboro
The First National Bank of Williamsport
National Bank & Trust Company of Central Pennsylvania, York
SOUTH CAROLINA
13720
10680
13918
9407
The South Carolina National Bank of Charleston
The Citizens and Southern National Bank of South Carolina, Charleston
The First National Bank of South Carolina of Columbia
The First National Bank of Holly Hill
First National Bank in Orangeburg
The Peoples National Bank of Rock Hill
1666
5263
10842
336
13681
13349
13103
14619
14822
8640
9629
The Cleveland National Bank, Cleveland
First-Citizens National Bank of Dyersburg
The First National Bank of Sullivan County, Kingsport..
The First National Bank of Memphis
National Bank of Commerce in Mem phis
Union Planters National Bank of Memphis
Third National Bank in Nashville
First National Bank of Pulaski
The First National Bank of Rogersville
The Farmers National Bank of Winchester
Old & Third National Bank of Union City
2044
14425
TENNESSEE
UTAH
2597
First Security Bank of Utah, National Association, Ogden.
1698
The Howard National Bank and Trust Company of Burlington,
otnotes at end of table,
VERMONT
Other
than
local
Total
118
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1961—Continued
Charter
No.
Title and location of bank
Branches authorized
under act of Feb. 25,
1927, as amended
Local
Other
than
local
208
365
Total
VIRGINIA
4635
1111
2737
1824
14824
6084
Alexandria National Bank, Alexandria
Old Dominion National Bank of Fairfax County, Annandale
The Peoples National Bank of Charlottesville
The First National Bank of Danville
American National Bank & Trust Company of Danville
The National Bank of Fairfax
The Lynchburg National Bank and Trust Company, Lynchburg
The Peoples National Bank of Manassas
The First National Bank of Martinsville and Henry County, Martinsville
First National Bank of Newport News
First and Merchants National Bank of Richmond
The First National Exchange Bank of Roanoke
The Farmers National Bank of Salem
Fairfax County National Bank, Seven Corners
Farmers and Merchants National Bank, Winchester
14335
Virgin Islands National Bank, St. Thomas
4375
14394
11280
4668
3417
12292
14502
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
Guaranty National Bank of White Center
13645
The American National Bank and Trust Company of Eau Claire
7093
14893
2594
1985
9343
6389
1522
6748
7206
VIRGIN ISLANDS
WASHINGTON
WISCONSIN
Total (305 banks)
1 Formerly "The Valley National Bank of Phoenix."
One branch also authorized for 1 nonnational bank in the District of Columbia,
s Formerly "Baltimore National Bank".
* Formerly "Third National Bank and Trust Company of Springfield".
s Formerly "The Empire National Bank, Empire".
« Formerly "The Harrisburg National Bank".
2
1
573
119
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO,
12.—Number of domestic branches of national banks closed during the
year ended Dec. 81, 1961
Branches closed
Charter
No.
Title and location of bank
Local
Other
than
local
Total
ALABAMA
3185
The
First National Bank of Birmingham
1
1
CALIFORNIA
14670
2491
10391
13044
1741
C o m m u n i t y N a t i o n a l B a n k of K e r n C o u n t y , Buttonwillow
Security-First N a t i o n a l B a n k , Los Angeles _ _ _ _ _ _ _ _ _ _ _ _ _ _
T h e U n i t e d States N a t i o n a l B a n k of San Diego
B a n k of America N a t i o n a l T r u s t a n d Savings Association, San
Francisco
__ _ ___
__ _
Crocker-Anglo N a t i o n a l B a n k , San Francisco
_ _
1
1
1
1
2
1
3
1
3
2
INDIANA
13759
American Fletcher National Bank and Trust Company, Indianapolis.
1
MAINE
4128
First National Bank of Portland
_ _
_ ..
1
MARYLAND
1413
13745
T h e F i r s t N a t i o n a l B a n k of Baltimore
Baltimore N a t i o n a l B a n k , Baltimore
615
11388
Rockland-Atlas National Bank of Boston __ _
The Peoples National Bank of Southbridge
13671
14032
3378
National Bank of Detroit
Michigan National Bank, Lansing
Clinton National Bank and Trust Company, St. Johns
___-.
_
___
1
1
1
1
MASSACHUSETTS
6
1
MICHIGAN
NEW
3404
The
1
1
2
2
HAMPSHIRE
1
Citizens National Bank of Newport
NEW
12891
10224
12771
329
13174
1
1
6
1
1
1
1
2
1
1
1
JERSEY
Allenhurst National Bank and Trust Company, Allenhurst. _
The First National Bank of Bradley Beach . _
.
Broad National Bank, Newark
First National Bank of Passaic County, Patfrson
Plainfield Trust State National Bank, Plainfield _
NEW
1
1
1
1
1
YORK
9019
1461
14853
The National Bank of Fredonia
The First National City Bank of New York
First National City Trust Company, New York.__ _ _ .
_
14697
9164
13761
14433
10608
The University National Bank of Chapel Hill
First Union National Bank of North Carolina, Charlotte
North Carolina National Bank, Charlotte ___ -_
Commercial National Bank of Kinston
The Planters National Bank & Trust Company of Rocky Mount
1
1
1
1
1
1
NORTH CAROLINA
1
1
2
1
3
2
1
1
3
4
1
OHIO
5425
12169
The Liberty National Bank of Ada
._
OKLAHOMA
T h e First N a t i o n a l B a n k of B e t h a n y
_ __ __
1
___
1
____
1
1
PENNSYLVANIA
14274
2018
14425
The
1
1
1
1
Oil City National Bank Oil City
The National Bank and Trust Company of Spring City
1
1
SOUTH CAROLINA
Citizens and Southern National Bank of South Carolina, Charleston
- -VIRGINIA
1558
Total (35 banks)
_
1
1
First National Trust and Savings Bank of Lynchburg
28
22
50
TABLE N O . 13.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 31, 1960 and 1961
o
[In thousands of dollars]
Loans and securities
Number of
banks
U.S.
Loans
Other
Governcounts, ment ob- bonds
including ligations— and
redis- direct and securities
counts
guaranand overteed
drafts
and dis-
Total
Cash,
balances
with
other
banks,
including
reserve
with
Federal
Reserve
banks
Deposits
Real
estate
assets
Total
assets
Capital
stock
Surplus,
profits
and
reserves
Total
Demand
Time
and
savings
1960
Banks with deposits o—
f
Less t h a n $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
245
2,174
14
5,138
3,055
1,838
7,886
1,321
7,452
39
20,402
11,629
4,738
14,121
64
50, 797
26,214
19,845
66,985
172,305
268,498
341,127
488
676, 610
530,869 1,005,268
1,414 4,274,839 2,143,201 1, 600, 769
934, 752 1, 537,430
1,104 6,900,021 3, 496, 699 2, 468, 570
815 11,034, 585 5, 701, 532 3,942,188 1,390,865 2, 455,071
909, 769 1,858, 714
276 8,410,772 4, 483,300 3,017,703
909,701 2,007,077
135 8,028,874 4,359,077 2,760,096
150 26, 670, 918 16,240, 773 7,985,356 2,444, 789 8,488,859
31 41,472,906 26,887,061 10, 639,408 3,946,437 11,125,601
279
507
624
8,261
67,269
116,156
210,361
171,124
147,187
501,432
687,099
755
908
7,610
2,692
1,490
28,813
2,275
5,806
65,612
27,395
71,895
857,810
133,956
378,375
5,353,390
198,711
538,488
8,566,443
310, 466
768,829
13,729,337
245,681
533,949
10, 479,983
246,493
512, 633
10,225, 672
834,804 1,864,171
35,860,250
54,085,947 1,340,824 3,077,742
725
5,180
5,905
4,109
20,315
24,424
15,127
42,163
57,290
249,083
505, 570
754, 653
4,807,154 3,047,468 1, 759,686
7,749,012 4,689,166 3,059,846
12,440,179 7, 578,838 4,861,341
9,511, 698 6,000,934 3,510,764
9,279, 587 6,188,067 3,091,520
32,382,180 24,018, 747 8,363,433
47,898,769 32,657,606 15,241,163
4,530 107,545,862 63, 693, 668 32, 711, 723 11,140,471 28,674, 506 1, 910,299 139,260,867 3,342,850 7,755,488 124,910,851 84,754,054 40,156, 797
1961
Banks with deposits o—
f
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
10
3,309
1,791
1,297
11,314
8,470
39
21,132
43, 789
22,108
17,818
55
602,251
242,462
303,002
435
1,378 4,226, 583 2,124,293 1,569,473
1,116 7,029,359 3. 555,336 2,494,329
862 11,804,073 6,091,859 4,171,234
286 8, 841,368 4, 651,266 3,158,315
144 8, 895, 925 4, 725,399 3,095,117
151 27, 085,289 16,278,444 8,137, 657
37 47,849,195 29, 543, 922 13,191, 506
221
1,741
7,691
1,348
3,863
12,489
151,828
56, 787
532,817
955,187
979, 694 1, 554,546
1, 540,980 2,552.412
1,031,787 1,907, 651
1,075,409 2,179,440
2,669,188 8,325,375
5,113, 767 13,430,085
66
219
443
8,250
68,352
120, 796
232,644
185,021
159, 552
509,181
817, 885
781
605
5,133
2,409
1,615
29,057
5,337
1,990
56,758
24,402
63,449
763,048
376,493
131, 899
5,256,226
196, 408
550, 466
8, 717,249
827,896
329,185
14, 621,078
259,966
564, 681
10,971,263
588,067
273, 500
11,293, 752
36,131,853
837,846 1,841,954
62,963,635 1,519,828 3,476, 529
4,513 116,402,273 67,308,734 36,087, 678 13,005,861 31,078,445 2,102, 409 150,809,052 3, 577,244
3,030
710
3,740
21,078
3,799
24,877
35, 729
13,443
49,172
220,248
451,782
672,030
4, 714,081 2,935,118 1,778,963
7,889, 287 4,741,880 3,147,407
13,247, 555 7,964,294 5,283,261
9, 959, 636 6,163, 743 3, 795, 893
10,218,341 6, 686, 521 3, 531,820
32, 743,728 23, 768,155 8, 975,573
55,988,170 37,194,129 18,794,041
8,298,062 135,510, 617 89,965,459 45,545,158
REPORT OF THE
COMPTROLLER OF THE
CURRENCY
121
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 19^2 to 1961
N umber
T
of banks
Banks with surplus Banks with surplus
equal to or exceeding
less than common
capital stock
common capital stock
Number
June 30, 1942..
Dec. 31, 1942..
June 30, 1943.
Dec. 31,1943..
June 30, 1944.
Dec. 30,1944..
June 30,1945.
Dec. 31, 1945.
June 29, 1946.
Dec. 31,1946..
June 30,1947.
Dec. 31, 1947.
June 30,1948.
Dec. 31, 1948.
June 30,1949.
Dec. 31, 1949.
June 30,1950.
Dec. 30,1950.
June 30,1951.
Dec. 31,1951.
June 30,1952.
Dec. 31, 1952.
June 30,1953.
Dec. 31,1953.
June 30,1954.
Dec. 31,1954.
June 30,1955.
Dec. 31, 1955.
June 30,1956.
Dec. 31, 1956.
June 6,1957..
Dec. 31, 1957.
June 23,1958.
Dec. 31,1958.
June 10,1959.
Dec. 31,1959.
June 15,1960.
Dec. 31,1960.
June 30, 1961.
Dec. 30, 1961.
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
4,654
4,627
4,606
4,585
4,559
4,542
4,542
4,530
4,524
4,513
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
4,316
4,316
4,299
4,308
4,276
4,263
4,236
4,243
4,246
4,251
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
92.74
93.28
93.33
93.96
93.79
93.86
93.26
93.66
93.85
94.19
Number
2,992
2,882
2,791
2,612
2,466
2,282
2,075
L,843
L,700
L,482
1,381
L,238
L, 184
]1,034
990
849
829
729
711
622
605
518
513
458
442
379
373
337
345
322
338
311
307
277
283
279
306
287
278
262
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
7.26
6.72
6.67
6.04
6.21
6.14
6.74
6.34
6.15
5.81
122
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 15—Dates of reports of condition of national banks, 1914 to 1961
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p. 150]
Year
Jan.
Feb. Mar.
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
1957
19581959
1960
1961
13
May
4
Apr.
June
Aug.
Sept.
Oct.
30
12
31
23
30
2
12
4
7
1
1
5
1
20
4
4
10
12
29
30
4
28
21
28
30
11
31
12
g
3
31
6
12
30
30
30
30
28
27
27
25
15
10
24
31
25
17
29
30
30
30
30
26
31
31
30
31
1
29
4
4
13
30
30
30
30
30
29
30
12
11
24
9
30
30
30
30
30
2
31
24
30
20
15
11
10
28
30
30
31
30
6
31
1
4
10
5
30
7
5
26
11
24
15
30
12
31
31
31
30
31
31
31
18
6
23
10
14
4
12
15
31
31
31
31
30
30
20
29
31
31
31
31
29
30
4
31
7
29
31
31
31
31
10
3
4
30
31
31
27
31
29
31
31
14
30
30
30
30
5
4
10
17
20
1
17
28
30
30
30
29
23
Nov. Dec.
6
15
30
5
10
_
July
27
6
3
31
30
31
31
31
31
31
31
31
31
31
31
30
NOTES
Act of Feb. 25, 1863, provided for reports of condition on the 1st of each quarter, before commencement
of business.
Act of June 3,1864—1st Monday of January, April, July, and October, before commencement of business,
on form prescribed by Comptroller (in addition to reports on 1st Tuesday of each month showing condition
at commencement of business in respect to certain items; i.e., loans, specie, deposits, and circulation).
Act of Mar. 3,1869, not less than 5 reports per year, on form prescribed by Comptroller, at close of business on any past date by him specified.
Act of Dec. 28,1922, minimum number of calls reduced from 5 to 3 per year.
Act of Feb. 25,1927, authorized a vice president or an assistant cashier designated by the board of directors
to verify reports of condition in absence of president and cashier.
Act of June 16,1933, requires each national bank to furnish and publish not less than 3 reports each year
of affiliates other than member banks, as of dates identical with those for which the Comptroller shall during such year require reports of condition of the bank. The report of each affiliate shall contain such information as in the judgment of the Comptroller shall be necessary to disclose fully the relations between
the affiliate and the bank and to enable the Comptroller to inform himself as to the effect of such relations
upon the affairs of the bank.
Sec. 21(a) of the Banking Act of 1933 provided, in part, that after June 16, 1934, it would be unlawful for
any private bank not under state supervision to continue the transaction of business unless it submitted
to periodic examination by the Comptroller of the Currency or the Federal Reserve bank of the district,
and made and published periodic reports of condition the same as required of national banks under sec.
5211, U.S.R.S. Sec. 21(a) of the Banking Act of 1933, however, was amended by sec. 303 of the Banking
Act of 1935, approved Aug. 23, 1935, under the provisions of which private banks are no longer required to
REPORT OF THE COMPTROLLER OF THE CURRENCY
123
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.)
Sec. 7(a)(3) of the Federal Deposit Insurance Act (Title 12, U.S.C., sec. 1817(a)) of July 14,1960, provides,
in part, that, effective Jan. 1, 1961, each insured national bank shall make to the Comptroller of the Currency 4 reports of condition annually upon dates to be selected by the Comptroller, the Chairman of the
Board of Governors of the Federal Reserve System, and the Chairman of the Board of Directors of the
Federal Deposit Insurance Corporation, or a majority thereof. 2 dates shall be selected within the semiannual period of January to June, inclusive, and 2 within the semiannual period of July to December, inclusive. Sec. 161 of Title 12 also provides that the Comptroller of the Currency may call for additional
reports of condition, in such form and containing such information as he may prescribe, on dates to be fixed
by him, and may call for special reports from any particular association whenever in his judgment the same
are necessary for use in the performance of his supervisory duties.
TABLE NO. 16
ASSETS AND LIABILITIES OF NATIONAL BANKS ON APRIL
12, JUNE 30, SEPTEMBER 27, AND DECEMBER 30, 1961, BY
STATES AND TERRITORIES
125
644637—62
9
REPORT OF THE COMPTROLLER OF THE CURRENCY
127
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961
ALABAMA
[In thousands of dollars]
Apr. 12,
1961
) banks
Loans and discounts (including overdrafts),
U.S. Government securities, direct obligations. __
Obligations guaranteed by U.S. Government...
Obligations of States and political subdivisions
Other bonds, notes, and debentures..
Corporate stocks, including stock of Federal Reserve
bank
_
_
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures.
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
June 30,
1961
3 banks
Sept. 27,
1961
Dec. 30.
1961
69 banks
725,211
353,605
738,120
379,812
148,679
14,419
150,410
14,300
150,877
14,130
762,740
384,134
405
154,919
16,404
3,129
112,328
35,531
3,188
108,018
26,096
3,192
104,965
36,129
3,207
123,833
34,396
197,033
19,766
994
169,086
19,924
985
174,603
19,991
1,003
214,479
20,232
3,374
250
6,860
3,198
252
6,034
3,217
171
5,848
3,144
415
6,432
1,686,268
Total assets.
737,254
406,651
1,580,307
1,632,058
1,725,720
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
__
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
_
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. Acceptances executed by or for account of reporting
banks and outstanding.
__
_
Other liabilities
_
_
_
Total liabilities-
795,926
756,439
778,271
409,079
10
16,125
184,687
104,872
6,486
1,517,185
1,099,860
417,825
418,135
10
35,583
117,858
73,848
5,845
1,407,718
981,356
426,862
427,183
10
51,594
107,318
84,420
6,284
1,455,080
1,018,854
486,226
430,573
10
34,619
158,309
94,625
7,417
1,548,812
1,107,869
441,443
2,000
5,875
3,300
2,000
283
26,327
257
24,836
171
28,628
415
29,646
1,545,795
1,438,686
1,487,179
1,580,873
42,648
60,983
27,501
9,341
43,898
61,781
26,218
9,724
61,832
29,843
62,272
28,611
10,066
823,259
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus.
Undivided profits
Total capital accounts.
Total liabilities and capital accounts
140,473
141,621
144,879
144,847
1,686,268
1,580,307
1,632,058
1,725,720
260,363
242,645
250,101
232,917
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 banks, by Stales, at date of each call during year
ended Dec. 81, 1961—Continued
ALASKA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
7 banks
7 banks
Dec. 30,
1961
7 banks
7 banks
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Other assets
Total assets.
77,379
51,469
83,415
54,289
84,240
57,453
84,117
59,012
8,660
7,353
8,966
4,926
9,558
5,606
9,424
6,664
267
7,953
6,621
267
5,426
5,443
269
12,101
7,947
291
5,220
6,767
16,041
3,353
528
15,655
3,379
16,499
3,485
514
13,290
3,483
323
944
293
939
398
183,589
1,005
541
1,573
312
199,218
190,476
76,520
77,793
80,819
79,351
43,894
20
17,299
27,259
866
1,726
167,684
92,880
47,010
20
16,882
37,405
1,100
1,825
185,061
102,502
82,559
47,458
20
16,079
30,406
887
1,934
176,185
74JH
45,489
20
17,881
25,651
1,263
2,085
170,182
98,881
76,851
497
1,205
497
1,3
197
1,450
195
1,621
169,286
172,070
186,708
177,951
4,918
3,474
2,759
424
4,918
3,525
2,666
410
4,918
3,525
3,657
410
5,150
4,075
2,890
410
11,575
11,519
12,510
12,525
180,861
183,589
199,218
190,476
42,474
43,927
42,082
42,252
180,861
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
,
Time and savings deposits of individuals, partnerships,
and corporations..
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc.
_
Total deposits.
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate..
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities..
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and
for other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
129
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
ARIZONA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
3 banks
3 banks
3 banks
3 banks
Total assets.
602,307
197,612
1,006
57,048
8,670
611,483
194,616
1,020
54,102
7,833
658,938
197,084
1,028
44,746
6,851
645,611
191,903
1,108
51,494
5,578
2,422
48,136
15,949
2,429
70,622
14,101
2,433
9,780
18,726
2,436
88,291
17,653
92,031
22,868
319
68,955
22,992
319
81,244
23,751
131,588
23,637
479
5,909
7,314
5,909
927
9,198
5,909
777
7,948
5,909
2,497
10,852
1,062,260
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
Other assets
_
_
1,064,506
1,059,813
1,179,036
669
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
_
Demand deposits.
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
483,330
474,250
550,015
323,721
27
17,607
112,350
14,959
13,614
965,608
615,526
850,082
340,978
27
17,428
91,077
14,598
16,505
954,863
586,489
868,374
356,056
27
18,789
112,092
13,594
23,380
1,073,953
690,585
500
400
24,055
927
21,104
111
27,347
2,497
24,608
986,559
987,639
983,487
1,101,458
22,435
41,365
9,382
2,519
Total liabilities
506,513
312,718
27
8,895
99,836
19,573
14,273
961,835
620,029
841,806
22,435
41,365
10,543
2,524
22,435
41,365
9,992
2,534
22,435
41,365
12,021
1,757
883,368
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
_.
Undivided profits
Reserves
Total capital accounts
__.
Total liabilities and capital accounts
75,701
76,867
76,326
77,578
1,062,260
1,064,506
1,059,813
1,179,036
175,007
197,554
187,207
192,698
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. 31, 1961—Continued
ARKANSAS
[In thousands of dollars]
Apr. 12,
1961
Sept. 27,
1961
Dec. 30,
1961
55 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures
_
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of
collection.
_
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
June 30,
1961
56 banks
56 banks
56 banks
73,054
7,987
289,769
161,773
24
75,613
8,744
295,729
162,788
24
77,751
8,390
317,974
176,262
53
79,080
10,867
1,350
52,085
11,996
1,359
52,749
11,086
1,370
47,604
13,446
1,448
53,895
13.153
90,253
9,810
528
91,017
9,851
409
79,955
9,958
545
126,001
10.154
124
154
2
2,515
289,703
163,532
115
2,457
702,186
Total assets..
30
1,858
704,966
700,747
792,056
348,666
340,021
324,013
394,369
156,198
19
163,245
24
13,368
59,573
56,191
5,311
6S7,738
470,299
167,484
166,757
24
17,840
60,001
58,893
2,779
171,606
24
11,890
56,130
85,221
4,083
728,828
549,884
178,989
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
„
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
_
_
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits...
_
Mortgages or other liens on bank premises and other
real estate
_
_
Rediscounts and other liabilities for borrowed money-.
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities.-
53,400
65,641
3,299
685,611
475,964
159,647
630,807
460,429
169, 878
18
290
17
17
5,935
5,343
6,133
2
5,535
641,565
643,384
637,289
728,877
19,845
25,114
14,190
1,472
Total liabilities...
19
20,145
25,366
14,623
1,448
20,195
25,440
16,289
1,534
20,545
25,886
15,083
1,665
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts—
_
Total liabilities and capital accounts
60,621
61,582
63,458
63,179
702,186
704,966
700,747
792,056
46,824
51,051
56,498
56,765
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
131
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
CALIFORNIA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30.
1961
40 banks
40 banks
40 banks
40 banks
ASSETS
10,318,001 10,136, 414 10,469,128
Loans and discounts (including overdrafts)
3,963,671
4,269,672
4,466,903
U.S. Government securities, direct obligations
6,438
6,709
6,789
Obligations guaranteed by U.S. Government
1,197, 485 1,263,006
1,361, 446
Obligations of States and political subdivisions
140,936
137,342
Other bonds, notes, and debentures
170,582
Corporate stocks, including stock of Federal Reserve
71, 822
bank
73, 656
73, 755
1, 606,923 1, 428, 637 1,486, 643
Reserve with Federal Reserve bank
178, 804
Currency and coin
135,152
188, 708
Balances with other banks, and cash items in process of
1, 610, 468 1, 529,637 1,306, 577
collection.
_
301,347
291, 555
Bank premises owned, furniture and fixtures
305, 630
1,702
Real estate owned other than bank premises
2,026
2,795
Investments and other assets indirectly representing
57, 539
bank premises or other real estate.._
___
_.
58,278
59,259
145,205
Customers' liability on acceptances outstanding
134,338
137,114
114, 588
Other assets
127,417
122, 674
Total assets
19, 705,461 19,603,307
20,158,003
10,628,794
4,541,640
7,906
1,483,079
163,225
78,580
1,657,996
178,928
1,917,566
310,780
3,391
62,053
107,337
126, 692
21,267,967
LIABILITIES
Demand deposits of individuals, partnerships, and
7,824,741
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
7,481 571,
Postal savings deposits
184
Deposits of U.S. Government
_.
138,936
Deposits of States and political subdivisions
1,488, 835
Deposits of banks
361, 274
Certified and officers' checks, etc
372,997
Total deposits
_. 17,668,538
Demand deposits
___
9,167, 905
Time deposits
8,500,633
Mortgages or other liens on bank premises and other
822
real estate
__
194,250
Rediscounts and other liabilities for borrowed money-.
Acceptances executed by or for account of reporting
banks and outstanding
_
146,228
Other liabilities
___
_
446,135
Total liabilities
_
_
7,331, 511
7,461, 871
8,058,832
7,775,209
184
184
411,302
394,852
1, 540, 595 1, 362,921
314. 930
355,236
353, 892
306,394
17,711,173 17,956,7W
8,821,305
9,067,708
8,181,358
8,165,731
184
407,013
1,714,098
373,854
470,007
19,812, %k5
10,009,081
9,303,164
8,000
641
274,950
623
13,100
135, 835
468,955
139,124
499,251
109,908
427, 622
_._. 18, 455,973 18,324,769
18, 870,706
19, 863,498
373,259
649, 697
256, 972
7,369
401,338
753,511
242,100
7,520
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
_
_
__
Total capital accounts..
Total liabilities and capital accounts
367,747
640,253
234, 523
6,965
1,249,488
372,124
647, 679
251,154
7,581
1,278, 538
1,287,297
19, 705, 461 19, 603,307 20,158,003
1, 404, 469
21,267,967
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
3,122,050
3,187,227
3,419,183
3,405,460
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. 31, 1961—Continued
COLORADO
[In thousands of dollars]
Apr. 12,
Dec. 30,
1961
1961
78 banks
79 banks
80 banks
730,205
376,805
747,780
350,466
25
62,294
2,544
786,746
423,520
111
63,110
3,962
818,274
508,389
45
66,008
3,630
2,804
137,973
18,388
2,822
124, 770
15,568
2,838
123,113
20,680
2,998
147,066
18,054
187,625
14,110
932
178,807
14.218
1,004
191,026
14, 655
1,123
232, 760
14,964
1,111
5,150
7,448
5,195
8,632
5,099
8,914
4,991
10,993
1,545,156
Total assets.
Sept. 27,
1961
78 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
-.
_.
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Other assets
-
June 30,
1961
1,514,125
1,644,897
1,829,283
773,883
60,430
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
.__
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
___.
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities..
742,863
792,090
936,931
387,797
407,056
10
10
17,795
41,009
89,108
90,004
106,581
80,667
13,530
14,611
1,888,704 1, S76,220
973,088
934,527
415,616
MU 693
432,282
10
57,425
93,438
109,446
13,421
1,498,112
1,026,255
471,857
473,995
10
39,945
84, 738
119, 992
27,274
1,682,885
1,168,825
614,060
19,850
16,032
500
16,267
33
4,580
17,421
17,589
1,424,586
1,392,987
1,520,146
1, 700, 547
39,830
53,326
25,910
1,504
39,855
53,431
26,297
1,555
40,251
53,724
28,981
1,795
42,276
57,420
27,465
1,575
120,570
121,138
124,751
128,736
1,545,156
1,514,125
1,644,897
1,829.283
204,685
203,333
213,278
314,887
73
CAPITAL ACCOUNTS
Capital stock: Common stockSurplus
Undivided profits—
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF T H E CURRENCY
133
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
CONNECTICUT
[In thousands of dollars]
Apr. 12,
1961
Total assets _
Sept. 27,
1961
Dec. 30,
1961
23 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
_.
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
_
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises. _
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
__.
Other assets
___
June 30,
1961
23 banks
22 banks
22 banks
615,951
233,290
645,110
224.258
678,623
223,152
119,363
4,687
119,108
4,798
116, 694
5,940
678,309
244,476
11
126,038
5,756
3,585
35,186
33,163
3,617
74,459
24, 525
3,627
49, 510
34, 468
3,766
86,053
33,544
115,633
22,962
124,110
24,291
723
114, 503
25,276
641
148, 524
25, 804
607
330
330
14
4,701
330
8
3,843
1,250,157
1,257,479
1,357,069
968
330
"~"3,~061
1,188,179
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
_..
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_..
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed m o n e y . .
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..
676,190
678,830
683, 968
770,800
271, 552
277, 805
285, 903
284, 834
13, 743
49, 660
24, 764
10,359
1,046,268
771,569
274,699
46, 614
56,876
23.231
13,345
1,096, 701
813,599
283,102
51, 313
55,124
22, 539
10,447
1,109,294
819,147
290,147
47, 781
44, 791
26,391
25,911
',200,508
910,960
111
1,000
203
2,500
203
203
40,261
48, 661
14
43,312
52,389
1,087,746
1,148,065
1,152,823
1,253,108
32,930
49,142
17, 522
839
33,490
49,944
17,804
854
33, 514
50,118
20,203
821
33,588
55,056
14,486
831
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts.
100,433
102,092
104,656
1,188,179
1,250,157
1,257, 479
100,202
104,095
112,507
103, 961
1,357,0
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
109, 729
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, 1961—Continued
DELAWARE
[In thousands of dollars!
Apr. 12,
1961
Sept. 27,
Dec. 30,
1961
1961
1961
3 banks
Loans and discounts (including overdrafts)
_
U.S. Government securities, direct obligations. __
Obligations guaranteed by U.S. Government.
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank.
_
Currency and coin...
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Other assets
June 30,
3 banks
3 banks
3 banks
4,405
2,763
4,620
2,714
516
232
508
226
508
226
4,578
2,909
1
513
216
23
625
243
23
492
187
24
687
289
24
522
220
351
151
4
409
148
436
156
4
536
148
9,125
Total assets.
4,275
2,705
9,161
9,664
9,667
3,631
3,508
3,822
3,764
4,458
4,646
4,722
4,853
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.
Time and s win-js deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc....
Total deposits
Demand deposits
Time deposits
Rediscounts and other liabilities for borrowed moneyOther liabilities.
Total liabilities
35
63
35
8,204
3,731
4,473
39
8,274
3,613
4,661
64
8,727
'3,990
4,737
27
8,742
3,874
4,868
18
12
13
27
8,222
8,286
8,740
8,769
175
605
119
4
175
605
91
4
175
625
120
4
175
625
94
4
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
903
875
924
9,125
9,161
9,664
9,667
186
186
186
186
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_.
REPORT OP THE COMPTROLLER OF THE CURRENCY
135
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1961—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars!
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
4 banks
4 banks
4 banks
4 banks
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
__.
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with 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
Other assets
_
424,392
273,726
100
35,376
4,523
425,913
278,302
100
34,284
4,049
440,917
281,809
100
32,653
5,011
1,680
85,888
17,057
1,680
80,404
12,987
1,770
70,334
15,988
1,770
86,423
16,222
80,733
16,882
267
2,585
85,515
16,792
265
2,468
76,982
16,934
217
2,635
109,141
16,462
233
2,399
947,074
Total assets.
421,238
291,274
100
24,814
4,556
938,228
927,508
993,140
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.
_
_
Time and savings deposits of individuals, partnerships,
and corporations
__
Postal savings deposits
Deposits of U.S. Government...
Deposits of States and political subdivisions
Deposits of banks..
_
Certified and officers' checks, etc.
_
Total deposits
_
Demand deposits
_
_
Time deposits
Mortgages or other liens on bank premises and other
reil estate
—_
Rediscounts and other liabilities for borrowed money..
Other liabilities
_..
Total liabilities
590,880
565,246
555,847
607,314
198,338
479
16,542
93
50,452
8,622
865,4C6
658,351
207,055
202,494
479
30,484
129
46,408
10,701
855,941
644,244
211,697
201,637
479
31,285
107
46,747
7,712
848,814
681,729
212,085
211,892
479
28,787
166
48,977
11,538
909,158
688,010
221,148
2,500
8,745
10,915
10,720
11,339
876,651
866,856
854,534
920,492
19,597
35,584
12,382
2,860
19,597
35,582
13,298
2,895
19,597
38,583
11,112
3,682
19,597
38,833
10,488
3,730
70,423
71,372
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
„
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
947,074
72,974
927,508
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
-------
55,331
52,491
49,578
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, 1961—Continued
FLORIDA
[In thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
120 banks
120 banks
121 banks
1,307,847
1,060,529
1,242,775
1,003,536
202,666
37,301
211,040
38,512
1,252,661
1,034,757
49
221,982
40,115
1,319,888
1,028,693
247
222,139
40,788
7,099
228,840
66,209
7,108
223,769
48,914
7,441
199,008
64,284
7,190
235,215
70,780
576,044
54,034
2,669
482,105
57,228
2,484
379,958
58,063
1,909
677,174
59,652
2,284
19,585
70
16,040
20,187
81
16,045
21,312
76
17,106
22,966
148
17,154
3,578,933
Total assets..
Sept. 27,
1961
120 banks
Loans and discounts (including overdrafts).
U.S. Government securities, direct obligations. _
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
_
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
June 30,
1961
3,353,784
3,298,721
3,704,318
1,731,558
1,576,022
1,532,899
1,678,359
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government.
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money,.
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities...
759,649
61
34,287
349,357
783,580
805,950
61
61
65,567
97,271
291,791
247,836
279,022
236,430
28,135
22,462
21,152
8,252,046 8,018,505 2,941,699
2f 886,428 2,136,002 2,052,021
882,503
889,578
819,409
61
63,821
367,810
404,059
30,180
8,863,699
2,464,031
159
1,255
159
10,200
130
23,300
130
6,650
95
49,715
46,939
87
50,130
171
48,307
3,303,270
3,075,885
3,015,246
3,418,957
200
101,806
102,006
123,385
200
101,933
102,183
124,957
39,138
11,671
200
102,107
102,807
125,894
43,460
11,814
200
104,181
104,881
133,746
37,164
10,070
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
11,438
275,663
277,899
283.475
285,361
3,578,933
3,353,784
3,298 721
t,704,318
729,656
704,969
723,488
786,782
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
137
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
GEORGIA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
53 banks
53 banks
53 banks
53 banks
ASSETS
Total assets.
879,705
352,174
83,566
17,665
891, 111
327,482
183
91, 668
19,361
92, 739
16,813
908,811
362,802
11
91,940
12,892
4,061
137,099
22,575
4,078
120,169
17,386
4,083
143,608
24, 448
4,087
147,041
23,651
232,513
32,171
640
218,578
32,675
609
212,479
32,800
562
276,754
32,909
577
1,993
4
4,802
2,693
11
5,529
2,693
32
5,583
2,700
40
5,286
1,763,783
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
Other assets
_
_
1,731,533
1,767,719
1,869,501
899,791
326,903
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
___
_
Rediscounts and other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
banks and outstanding
_
Other liabilities
_
Total liabilities..
841,647
803,362
812,397
873,021
331,371
683
22,589
153,856
201,996
6,584
1,558,726
1,196,609
862,117
330,759
683
51,257
173,102
158.047
8.030
1,525,240
1,160,388
364,852
335, 646
683
63,138
155,910
193,660
4,965
1,566,399
1,191,465
374,934
333,514
683
52,016
153,196
247,308
13,170
1,672,908
1,299,055
373,853
10,000
13,750
15
2,825
15
275
4
39, 844
11
32
39,299
40
1,608,574
1,575,190
1,608,570
1,709, 690
42,418
78,557
19,479
14,755
42,418
78,987
19,759
15,179
42, 568
79,142
22,050
15,389
42,568
79,807
19,957
17,479
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
_
Undivided profits
Reserves
.
Total capital accounts
Total liabilities and capital accounts
155,209
156,343
159,149
159,811
1,763,783
1,731, 533
1,767, 719
1,869,501
265,745
297,388
292,229
295,964
MEMOEANDUM
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 States, at date of each call during year
ended Dec. SI, 1961—Continued
HAWAII
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
2 banks
2 banks
2 banks
2 banks
Total assets .
169,360
81,231
164,643
85,293
172,179
86,357
165,276
89,629
17,692
2,361
19,286
2,360
19,103
2,360
19,559
2,360
612
8,358
5,841
612
21,032
4,423
612
2,785
5,960
612
18,772
6,468
22,886
6,073
77
45
3,363
36,682
6,142
77
34
6,253
22,061
6,327
77
84
4,163
31,512
5,952
317,899
Loans and discounts (including overdrafts)
*.
U.S. Government securities, direct obligations-Obligations guaranteed by U.S. Government
Obli'-ations 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
Other assets
346,837
322,068
348,805
113,646
118,056
110,161
122,022
86,058
10
11,701
64,394
6,513
2,220
284,64*
146,988
187,604
91,990
10
20,547
67,002
9,132
5,578
812,815
171, 6S6
140,679
90,464
10
18,776
60,665
5,621
2,284
287,981
151,004
186,977
95,878
10
18,081
59,048
12,724
5,544
818,807
178,410
189,897
8,597
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
__
Time and savings deposits of individuals, partnerships,
and corporations
Postal savines denosits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Morte^es or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities
I
_
750
34
7,424
84
5,572
64
7,617
290,351
319,773
294,387
320,988
8.600
11, 799
4,973
2,176
Total liabilities..
45
5,764
8,600
11, 799
4,489
2,176
8,600
11,799
5,106
2,176
8,600
11,800
5,241
2,176
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
27,548
._
27,064
27,681
27,817
317, 899
346,837
322,068
348,805
100,170
103,967
104,236
102,882
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OP THE COMPTROLLER OF THE CURRENCY
139
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1961—Continued
IDAHO
[In thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
10 banks
10 banks
10 banks
239,698
158,756
27
33,280
10
243,113
150,284
32
35,890
2,963
247,453
157,424
28
35,659
470
249, 756
165,502
35
39,232
470
847
33,748
6,149
877
34,474
6,014
893
32,767
7,399
34,004
7,127
31,028
8,393
24
728
29,076
8,363
35
2,321
29,861
8,634
22
2,586
39,944
512,688
513,442
523,196
548,082
229,761
208,831
230,433
234,897
178,384
11
3,763
52,243
2,173
3,948
470,283
290,736
179, 547
181,791
11
10,334
59,461
1,952
4,009
466,389
283, 435
182,954
181,390
11
19,118
40,480
2,462
3,598
477,492
294,939
182,553
185,583
11
8,910
66,495
2,734
5,745
504,375
317,629
5,901
5,000
5,556
2,000
6,358
6,557
476,184
476,945
485,850
510,932
12,475
14,757
6,654
2,618
Total assets..
Sept. 27,
1961
10 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations-_.
Obligations guaranteed by U.S. Government—
_.
Obligations of States and political subdivisions—
Other bonds, notes, and debentures.
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank__
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Other assets
_
June 30,
1961
13,475
14,772
6,133
2,117
13,475
15,272
6,531
2,068
13,525
15,295
6,192
2,138
20
2,262
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
__
Time and savings deposits of individuals, partnerships,
and corporations
__.
Postal savings deposits...
_
Deposits of U.S. Government..
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money-.
Other liabilities
Total liabilities
186J46
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
__
Total liabilities and capital accounts
_
36,504
36,497
37,346
37,150
512,688
513,442
523,196
548,082
111, 439
113,642
118,516
125,252
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. 31, 1961—Continued
ILLINOIS
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
399 banks
400 banks
401 banks
400 banks
ASSETS
Total assets
5,877, 979
3,212,946
444
1,022,654
171,369
5, 700, 901
3, 581,409
1,132
1,000, 765
189, 720
5,658,103
3, 820,652
1,241
1,058,457
252,988
6,066,578
3, 735,221
1,319
1,153, 559
237,267
28,435
1,065,429
115,720
28,603
1,151,713
102, 796
28, 930
1,101,366
123, 717
33,699
1,081,565
124,097
1,201,833
63,034
3,300
1,169,065
64,263
3,735
1,172,498
66,281
4,307
1, 902,236
68,032
5,065
5,054
50,513
60,863
4,996
57,222
59,151
5,296
57,195
63,666
4,777
77, 756
60,859
12,879, 573
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
Other assets
_
13,115,471
13,414,697
14,552,030
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
___
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
Deposits of States and political subdivisions—
Deposits of banks
Certified and officers' checks, etc
Total deposits..
Demand deposits
Time deposits..
Mortgages or other liens on bank premises a n d other
real estate
Rediscounts a n d other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
banks a n d outstanding
Other liabilities
_
5,695,846
5, 733, 735
6,590,660
3,645,326
910
415,119
786,731
1,065,489
139,090
11,748,511
7,964,980
3, 783,531
3,674,401
918
508,377
756,016
1,153,466
103, 786
11,930,699
8,120,638
3, 810,061
3,809,672
910
400, 809
652,074
1,500,302
151,074
13,105,501
9,155,024
8,950,477
236
43,180
248
23,285
233
97, 240
454
36,300
50, 567
168,404
57,262
144,175
57, 586
162, 876
78,125
156,939
11, 755, 728
11,973,481
12,248,634
13,377,319
399,133
534,915
131,140
58,657
Total liabilities
6,063,874
3,498,737
914
134, 717
501,760
1,184,352
108, 987
11,493,341
7, 855,858,
3,637,483
400, 943
541,269
141,821
57,957
407, 884
545,657
154,005
58, 517
411,326
556,833
152,831
53, 721
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
_
Undivided profits
Reserves
_
_
1,123,845
Total capital accounts
Total liabilities and capital accounts
_
1,141,990
1,166,063
1,174, 711
12,879,573
13,115,471
13,414,697
14, 552,030
1,050,130
1,314,425
1,315,587
1,330,991
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 banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
INDIANA
[In thousands of dollars]
Apr. 12,
1961
June 30,
Sept. 27,
1961
Dec. 30,
1961
126 banks
126 banks
126 banks
126 banks
1,314,713
954,216
50
186,240
36,820
1,353,207
981,901
30
184,034
38,331
1,385,362
991,144
57
190, 231
41,815
1,431,024
1,020,322
51
195, 813
40,658
5,977
195, 711
61,098
6,000
222,917
6,068
198, 535
66,433
6,242
212,351
62,041
290,444
37,965
1,091
353,065
38,282
1,089
291,598
39, 758
1,476
41,363
1,418
60
24
14, 765
215
20
17,007
215
104
15,522
213
170
13,937
3.099,174
3.245, 959
3.228,318
3,493,641
1,407,703
1,
1,403,668
1,608, 729
894,931
985
26,819
283,473
132,392
20,589
2,766,892
1,831,610
935,382
912,872
985
75,638
387,838
125,830
27, 774
2,919,797
1,967,458
952,339
931,627
916
108, 936
283, 730
145, 555
16, 501
2,890,933
1,925,259
965,674
941,916
916
76,997
309,251
175,039
36,207
S, 149,055
2,176,420
973,635
75
6,800
75
1,950
4,600
24
60,803
20
58, 739
142
59, 852
374
19,185
2,834,594
2,980, 581
2,955, 527
3,218,614
25
67,949
67,974
129,926
57,682
25
68,359
68,384
130,993
56,698
9,303
69,647
69,647
131,304
62,319
9,521
70,474
70,474
136,620
58,810
9,123
1961
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
Other assets
Total assets.
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations.._
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
,___.
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Offier liabilities
_
Total liabilities.
CAPITAL ACCOUNTS
Capital stock:
Preferred stock
Common stock...
Total capital stock
Surplus.
Undivided profits
—
_.
_
Reserves and retirement account for preferred stock...
Total capital accounts
Total liabilities and capital accounts
264,580
265,378
272, 791
275,027
3,099,174
3,245,959
3,228,318
3,493,641
235,781
224,468
262,803
253,143
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
644637—62
-10
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, 1961—Continued
IOWA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
95 banks
95 banks
96 banks
97 banks
459,524
273,218
447,787
270,424
450,118
303,161
485,361
312,668
83,659
12,316
85,254
12,438
88,429
13,130
13,138
1,863
69,349
16,936
1,863
71,068
14,842
1,885
71,597
18,257
1,918
78,197
15,917
173,109
8,222
1,118
153,939
8,596
872
161,344
8,937
736
189,874
9,094
668
1,107
28
3,601
1,057
14
3,600
1,057
14
3,760
3,694
1,104,050
1,071,754
1,122,425
1,199,938
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
Other assets
Total assets.
1,137
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
_
Postal savings deposits
_
Deposits of U.S. Government
^_
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
__
494,476
486,458
498,100
561,961
253,974
58
17,195
92,661
138,371
10,128
1,006,8C8
750,873
256,490
261,542
51
26,313
64,285
127,011
6,686
972, 846
707,098
266,258
263,885
53
35,881
84,342
134,861
6,207
1,028,829
765,949
267,880
262,459
51
24,279
60,722
176,254
15,236
1,100,962
885,056
265,906
10
20
3,500
16
28
6,643
14
5,803
14
6,823
6,142
1,014,554
981,683
1,030,182
1,107,114
23,515
38,430
25,820
1,731
Total liabilities..
20
1,000
23,960
38,321
26,067
1,723
24,210
24,410
39,803
26,735
1,876
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits. __
Total capital accounts
_
Total liabilities and capital accounts
27,745
1,682
89,496
90,071
92,243
92,824
1,104,050
1,071,751
1,122,425
1,199,938
78,178
80,637
85,216
80,633
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
143
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1961—Continued
KANSAS
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
167 banks
166 banks
166 banks
167 banks
548,572
383,553
35
136,891
21,920
543,082
382,017
35
141,253
23,960
560,106
413,863
35
147,007
27,259
588,905
404,341
30
149,307
26,187
2,795
109,141
17, 862
2,830
117,272
16,441
2,852
101,912
19,967
2,847
122,500
18,62b
149,922
15,141
339
167,052
14,923
414
137,073
15,184
455
201,233
14,948
476
554
3,472
607
3,540
665
3,496
707
3,352
1,390,197
1,413, 426
1, 429,874
1,533,459
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.-Other assets
_
Total assets.
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
.__
Certified and officers' checks, etc
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money _ _
Other liabilities
Total liabilities
652,810
682,136
722,134
250,015
37
35,220
242,600
92,224
6,716
1,279,622
1,002.758
276,864
261,361
47
50,580
195,169
88,729
7,520
1,285,542
992,980
292,562
262,919
37
31,732
250,702
115,042
9,516
1,892,082
1,097,848
294 %89
72
4,040
10, 542
72
585
9,856
72
5,000
11,183
35
2,539
10,529
1,268,041
1,290,135
1,301,797
1,405,185
33,721
57,413
29,203
1,819
Total Deposits...
Demand deposits
Time deposits
686,327
241,336
51
25,003
201,796
92,462
6,412
1,258,387
984,922
33,746
58,964
28,453
2,128
34,006
59,140
32, 666
2,265
34,391
61,084
30,411
2,388
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
_
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
_
122,156
_.
123,291
128,077
1,390,197
1, 413, 426
1, 429, 874
287,241
283,775
302,568
128,274
1, 533, 459
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
322,411
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. 31, 1961—Continued
KENTUCKY
[In thousands of dollars]
Apr. 12,
June 30,
Sept. 27,
Dec. 30,
1961
1961
1961
1961
87 banks
87 banks
86 banks
86 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
Other assets
444,265
294,668
454,447
317,359
478,115
357,609
61,175
13,549
62,877
13,105
69,576
13, 734
2,3fi4
79,003
21,980
2,369
80,127
17,995
2,386
77,219
22,747
2,499
94,076
22,625
104,481
11,355
217
111, 997
11,188
207
97,203
11,960
573
176,393
11,796
621
875
77
3,149
1,144
67
2,799
1,209
118
3,561
1,198
146
3,264
1,042,774
Total assets ,
439,877
309,214
30
57,614
12,538
1,041,550
1,064,764
1,231, 652
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
_
Deposits of States and political subdivisions.
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate.
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
T o t a l liabilities...
585,995
565,359
574,962
682,133
215,931
15
15,058
54,614
53,413
5,103
930,129
701,843
228f786
223,055
15
57,430
52,204
5,304
930,027
694,735
235,292
224,722
15
33,895
59,910
50.952
4,871
949,327
710,308
239,019
227,421
15
27,567
64,679
107,511
7,255
1,116,581
872,629
243,952
350
109
800
117
550
77
11,817
67
10, 751
118
10,918
146
10,908
942,573
941,195
961,272
1,127,752
27,790
49,297
21,497
1,617
27,804
49,624
21,250
1,677
27,804
49,624
24,255
1,809
27,804
53,869
20,104
2,123
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
_
Undivided profits
Reserves
Total capital accounts..
Total liabilities and capital accounts
100,201
100,355
103,492
103,900
1,042,774
1,041,550
1,064,764
1,231,652
102,159
103,365
110,899
111,725
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, 1961—Continued
LOUISIANA
[In thousands of dollars]
Apr. 12,
1961
Sept. 27,
1961
Dec. 30,
1961
42 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures.___
Corporate stocks, including stock of Federal Reserve
bank
_
Reserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of
collection
«
.
Bank premises owned, furniture and fixtures..
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
June 30,
1961
42 banks
42 banks
42 banks
833,678
595,080
552
141,615
10,285
592,211
359
140,415
10,192
4,134
147,514
30,267
4,139
149,243
24,266
4,226
137,737
32,670
4,275
163,624
29,995
25,661
275,758
25,727
249
221,016
25,995
418
350,123
25,074
418
2,158
2,830
8,940
2,161
1,664
14,079
2,263
1,405
2,248
1,783
10,075
2,027,893
Total assets.
821,328
587,589
358
136,375
18,064
2,078,496
2,040,064
2,225,593
950,579
921,055
926,087
1,028,659
900,593
589,284
359
138,844
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations.._
_
Postal savings deposits
__.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
_
Total deposits
Demand deposits
Time deposits
_
427,342
459,476
459, 799
31
46
51
27,181
48,364
57,711
207,122
244,223
199,831
200,995
189, 625
180,797
11,156
14,115
10,278
1,8*4,406 /, 876,904 1,884,554
1,858,889 1,871,062 1,822,212
466,017
505,842
512,842
Mortgages or other liens on bank premises and other
real estate
...
^
Rediscounts and other liabilities for borrowed money. _
12,000
Acceptances executed by or for account of reporting
2,968
banks and outstanding
,
18,029
Other liabilities
_
Total liabilities
1,857,411
452,507
51
48,467
219,707
254,767
17,054
2,021,212
1,529,294
491,918
8
7,490
1,976
61
2,400
1,848
19,513
1,476
1,926
25,274
1,905,763
1,864,446
2,050,873
42,891
94,057
35,400
385
43,290
95,205
36, 700
423
43,290
96,919
34,131
380
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
,
Total liabilities and capital accounts
42,791
92,846
34,411
434
170,482
172,733
175,618
174,720
2,027,893
2,078,496
2,040,064
2,225,593
395,354
397,459
408,847
389,743
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, 1961—Continued
MAINE
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
23 banks
23 banks
23 banks
23 banks
ASSETS
192,810
74,568
11
20,865
6,071
202,324
72,959
5
23,289
5,112
208, 624
79,011
22,156
4,297
199,298
82, 755
5
19,443
4,344
769
19,017
7,825
781
15, 264
6,860
786
18,319
9,490
786
20,933
8,385
26,284
6,167
181
27,115
6,242
233
31,909
6,531
443
31,608
6,846
248
123
1,476
120
1,627
115
1,541
127
1,325
__.
355,167
361, 931
383, 222
376,103
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits...
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_._.
_.
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Other liabilities
_
_
157,382
157,799
165,428
168,390
126, 404
7
4,909
10,717
9,297
1,932
810,648
183,059
127,589
127,229
7
8,125
13,144
8,526
2,003
128,096
7
13,825
18,017
10,030
1,819
SS7,222
207, 452
129, 770
127,034
7
8,134
13,556
9,514
2,091
S28, 726
200,126
128, 600
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
Other assets
Total assets
LIABILITIES
S16,8SS
188, 274
128,559
216
10,195
10, 219
11, 722
320, 890
327, 244
347, 449
340, 456
12,526
13,104
7,714
933
Total liabilities
216
10,026
12, 726
13,356
7,588
1,017
12, 786
13,396
8,464
1,127
12, 786
13, 414
8,311
1,136
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Total capital accounts
_
Total liabilities and capital accounts
34,277
34,687
35, 773
35,647
355,167
361, 931
383, 222
376,103
24,347
24,597
27,476
26,245
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
147
Assets and liabilities of national banks, by States, at date of each call during yea?'
ended Dec. 31, 1961—Continued
MARYLAND
[In thousands of dollars]
Apr. 12,
1961
Total assets..
Sept. 27,
1961
Dec. 30,
1961
51 banks
Loans and discounts (including overdrafts).
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
_
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises. _
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding.
Other assets..
June 30,
51 banks
51 banks
52 banks
1961
518,264
374,043
542,270
355, 741
573, 512
368, 911
624,928
411,054
82, 662
18, 569
84, 085
19,829
84, 725
20,124
87,128
22,308
2,569
90,718
24, 790
2,581
107,669
18,442
2,620
100,314
25,911
2,854
116, 070
130,181
15,038
1,458
133,467
15,060
1,366
139, 777
15, 772
1,355
168,060
19,039
947
358
1,192
5,565
358
1,151
4,475
353
1,144
5,722
353
1,228
5,345
1,286,494
1,340, 240
1, 486,200
1,265,407
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
*
Time and savings deposits of individuals, partnerships,
and corporations
__
._
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
-__
Deposits of banks
_
Certified and officers' checks, e t c . .
Total deposits
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money- _
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities
612,033
595,653
619,121
716, 448
318,000
326,415
335, 229
383,254
56,389
113, 628
77,314
6,106
1,207, 787
852,280
S55,507
54, 778
104, 523
81,116
8,761
1,848,880
941, 958
24,240
91, 236
74,155
5,605
1,125,269
791166
SSI, 10S
59,042
106, 937
69,803
7,094
1,164,944
816, S53
848,591
1,300
7,350
1,192
14, 488
1,151
15,801
1,144
17,324
1,228
22, 677
1,161,449
Total liabilities
20, 500
1,183,196
1, 233, 605
1,372, 785
27, 599
56,901
16,316
5,819
29,361
63,399
14,491
6,164
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
_
27,224
56,108
14,122
6,504
Total capital accounts
Total liabilities and capital accounts
27,404
56, 434
13,801
5,659
103,958
___
103,298
106,635
113,415
1,265,407
1, 286,494
1,340, 240
1, 486, 200
. 210,411
230,295
237,953
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 banksy by States} at date of each call during year
ended Dec. 31, 1961—Continued
MASSACHUSETTS
[In thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
1961
99 banks
99 banks
98 banks
2,186,186
837,601
589
222,511
16, 502
2,123,350
824,396
598
226,372
17, 743
2,211,181
950, 911
598
224,338
17,632
2,161,020
1,015,082
1,689
208, 440
14,151
13,260
343, 437
60,841
13, 371
327, 747
41, 741
13, 687
339,185
65,110
13, 528
431,155
60,094
412, 671
43,838
383,834
42, 650
827
376, 280
43, 050
532, 886
43,342
963
1,543
42, 537
21,028
423
66,706
19, 217
423
54, 789
22,422
404
65, 467
17,103
4,203,312
Total assets .
Sept. 27,
1961
101 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Beserve
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
Other assets
June 30,
4,088,975
4,320,474
4, 565,324
2,378,125
2, 239, 804
2,31i, 640
2, 486, 480
581,178
645
59,327
170,197
382, 961
36, 723
5, 609,156
3,000,115
609, 041
572, 801
643
148, 730
165, 606
335,003
39, 000
S, 501,587
2,901830
596, 757
607, 028
585
217, 570
176,096
361,950
38, 966
S, 717,835
3, 082,130
635, 705
611, 630
585
137,857
253,164
420,042
38, 574
S,948,SS'4
3, 306, 698
641, 634
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations-__
Postal savings deposits
Deposits of U.S. Government.
_
Deposits of States and political subdivisions
Deposits of b a n k s . . .
Certified and officers' checks, etc
Total deposits
Demand deposits...
Time deposits
_.
Mortgages or other liens on b a n k premises a n d other
real estate
_
Rediscounts a n d other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
b a n k s and outstanding
Other liabilities
Total liabilities.—.
11,900
300
13, 505
1,241
43, 479
115,185
67, 688
105, 555
55, 905
112, 989
65,959
126, 354
3, 779, 720
3,675,130
3, 900, 234
4,141,886
102,803
233,928
67,941
18,920
99, 778
237,427
58,162
18, 478
100,138
238, 639
62, 747
18, 716
106, 568
234,472
63, 284
19,114
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus.
Undivided profits
Reserves.
Total capital accounts
Total liabilities and capital accounts
423,592
413,845
420,240
423, 438
4, 203,312
4,038, 975
4,320, 474
4, 565,324
309,486
309, 732
356,484
319, 718
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
149
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
MICHIGAN
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
78 banks
78 banks
79 banks
79 banks
2,068,592
1,297,325
226
517,407
16,552
2,097,394
1,346,265
214
536,640
16,927
2, 284, 868
1,391,691
52
563,710
20,943
2,332,491
1,447,706
300
573,403
16,125
9,256
298 757
77,'468
9,276
383,410
61,182
9,557
363,870
88,238
9,774
366,760
80,288
354, 251
50, 385
2,675
393,345
50, 675
2,702
386,587
53,295
2,786
501, 621
53,982
3,241
8,952
3,754
23, 426
8,006
2,851
24,173
8,072
773
28,330
8,058
1,134
27,067
4,729,026
4,913,060
5, 202, 772
5,421,950
1961
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
Other assets
Total assets .
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
1,936,439
Time and savings deposits of individuals, partnerships,
and corporations
1,659,219
Postal savines deposits
30
Deposits of U.S. Government
47, 985
Deposits of States and political subdivisions
351, 651
Deposits of banks
_
185, 643
Certified and officers' checks, etc
32,929
Total deposits
4,213, 896
Demand deposits
2, 386,168
Time deposits
1,827,728
Mortgages or other liens on bank premises and other
real estate
_
_
Rediscounts and other liabilities for borrowed money. _
64,936
Acceptances executed by or for account of reporting
3,754
banks and outstanding
Other liabilities
81, 061
Total liabilities.
1, 972,310
1,934,219
2,168,622
1,708, 614
30
204,579
360,422
180, 758
32,862
4, 459,575
2, 587,980
1, 871,595
1,916,908
30
216, 610
358,397
200, 609
36,126
4, 662, 899
2, 588, 593
2,074,306
1,964,850
30
198,880
349,159
223,146
42, 212
4, 946, 899
2, 827, 401
2,119,498
2,250
64,000
2,851
78, 944
773
91, 738
1,134
89, 642
4,363,647
4,543, 620
4, 819, 410
5,037, 698
105,988
105, 988
187, 640
64,311
7,440
106,288
106, 288
189,456
66,594
7,102
2,000
109,471
111,471
2,000
110,561
112, 561
197,589
66,181
7,921
23
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.
72,083
8,822
365,379
369,440
383,362
384, 252
4,729,026
4,913,060
5,202,772
5,421,950
379,883
431,204
509,328
479,398
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other pizrposes
150
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, 1961—Continued
MINNESOTA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
179 banks
179 banks
180 banks
180 banks
1,455,948
654,268
7
176,673
49,056
1,470,187
661,313
7
182,616
46,472
5,795
232,694
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
Other assets
_
Total assets
_
_
1, 518,251
735,271
25
185,544
47,835
1,488,801
729,249
46
192,602
66,116
5,874
232,017
25,967
5,894
250,250
33,459
6,173
279,002
28,258
356,213
33,534
923
368,006
34,261
1,129
354,848
35, 111
1,214
485,489
34,733
1,217
15,118
1,034
12,265
15,174
1,008
12,141
15,189
993
12,880
16,719
841
11,973
3,023,394
3,056,172
3,196,764
3,341,219
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
_
1,295,858
1,238,403 1,267,887
Time and savings deposits of individuals, partnerships,
and corporations
844,794
856,783
Postal savings deposits
58
68
Deposits of U.S. Government
95, 785
169,653
Deposits of States and political subdivisions
207,019
158, 590
Deposits of banks
_
_
309,384
392,155
Certified and officers' checks, etc
29,797
23,218
Total deposits
2,725,240 *, 868,354
Demand deposits
1,860,682 1,989,708
Time deposits.
_
878,646
864,708
Mortgages or other liens on bank premises and other
real estate
_
145
122
Rediscounts and other liabilities for borrowed money. _
26,045
12,400
5,375
Acceptances executed by or for account of reporting
banks and outstanding
993
1,034
1,008
Other liabilities
_
46,100
42,891
48,576
Total liabilities
2,765, 594 2,795,329 2,930,445
1,427,891
68
80,257
204,321
411,855
31,171
8,021,471
2,185,039
886,432
108
550
841
49,985
3,072,955
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
_
Reserves
,
„
Total capital accounts
Total liabilities and capital accounts
79,916
111, 837
61,236
4,811
80,672
113,632
61,730
4,809
80,947
114,062
66,445
4,865
257,800
260,843
266,319
3,023,394
3,056,172
3,196,764
468,960
465,649
553,439
81,157
123,220
58,812
5,075
268,264
t, 341,219
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
525,726
REPORT OF THE COMPTROLLER OF THE CTJRRENCT
151
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
MISSISSIPPI
[la thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
27 banks
27 banks
27 banks
167,631
97,553
178,696
178,374
95,139
185,411
97,685
46,041
1,943
47,015
2,210
48,097
2,266
48,222
2,061
975
25,495
975
25,014
8,092
976
24,921
10,776
24,677
10,904
47,912
5,542
96
42,525
5,900
97
38,058
6,470
112
72,934
7,299
84
500
500
500
34
1,678
500
22
1,613
404,921
Total assets.
Sept. 27,
1961
27 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank..
Reserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
,_.
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets.
June 30,
1961
406,547
407,401
178,082
171,460
172,194
197,297
92,490
97,645
99,548
101,201
6,353
56,623
32,289
1,326
867,163
270,817
96,846
9,813
57,423
25,686
1,272
868,299
262,478
100,821
12,670
53,487
24,498
956
863,858
260,428
102,925
9,216
59,494
44,053
2,466
418,727
808,985
104,792
5,000
4,200
3,479
3,604
34
3,960
22
3,782
370,642
371,903
371,547
417,531
23,507
1,489
420
8,875
23,617
1,812
340
8,875
23,617
2,798
564
9,239
24,862
495
34,279
34,644
35,854
34,864
404,921
406,547
407,401
452,395
85,009
76,980
84,019
83,289
1,537
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government..
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits..
_
Demand deposits.
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding.
_
Other liabilities
Total liabilities
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus. _
Undivided profits.
Reserves
Total capital accounts
Total liabilities and capital accounts.
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
152
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, 1961—Continued
MISSOURI
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
77 banks
77 banks
77 banks
77 banks
1,068,423
552,726
8
131,717
9,514
1,045,927
570,429
370
141,729
12,185
1,081,763
568,957
140
138,383
14,689
1,120,689
656,849
164
145,368
21,363
4,809
211,824
22,639
4,834
219,242
21,655
4,845
210,812
25, 673
4,975
247,466
24,908
313,370
18,317
1,684
295,156
18,587
1,762
301,704
19,074
1,867
435,945
19,068
1,720
2,203
98
9,366
2,423
38
9,533
2,541
502
10,793
2,668
298
11,877
2,346,698
2,343,870
2,381, 743
2,693,358
1,184,600
1,135,082
1,140,482
1,265,230
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
Other assets
Total assets.
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
__
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks.
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities
429,133
457,502
477,453
28
28
23
75,586
83, 251
22,984
78, 526
61,244
72,786
355,987
376, 020
399,074
18,527
9,762
9,816
2,118,416 2,121, 238 2,148,240
1, 666,113 1, 637, 732 1, 648, 656
483,506
499, 584
452,303
490,712
28
65,463
143,155
480,302
18,118
2, 463,008
1,947,248
515,760
4,000
800
5,800
98
24, 773
38
22,087
502
23,131
298
23,838
2,147,287
2,144,163
2,177,673
2, 487,144
64,843
86,033
43,686
4,849
64,923
88,101
42,143
4,540
64,923
88,125
46,229
4,793
65,423
92,683
42,374
5,734
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus.
Undivided profits—
Total capital accounts
Total liabilities and capital accounts
199,411
199,707
204,070
206,214
2,346,698
2,343,870
2,381, 743
2,693,358
=
247,679
253,633
269,400
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
298, 747
REPORT OF THE COMPTROLLER OF THE CURRENCY
153
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
MONTANA
[In thousands of dollars]
Apr. 12,
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
43 banks
43 banks
43 banks
43 banks
195,85*
118,837
199,60i
112,61i
198,069
134,854
197,163
137,629
28,71
8,785
28,57!
8,751
29,61:
10,24:
33,421
11,281
70C
28,69i
5,782
70C
27,81.
5,395
25,71$
6,33:
701
701
29,316
6,158
37,153
7,559
402
38, 755
7,756
424
44,060
8,783
267
52,279
8,750
270
16
1
2,386
2,679
16
13
1,964
16
13
2,014
434,892
433,098
460,628
479,011
1961
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 0]
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..
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
Postal savings deposits
_
Deposits of U.S. Government
___
Deposits of States and political subdivisions.
_„
Deposits of banks
Certified and officers' checks, e t c . . .
Total deposits
—
Demand deposits
Time deposits.
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..
207,008
195,550
215,986
221,672
133,257
136, 547
139,300
143,330
4,949
33,318
13,237
3,275
7,526
37,672
12,330
3,959
395,044
254, 359
140, 685
143, 712
11,946
30,847
14, 917
3,694
416, 690
270,704
145,886
436,840
286, 631
150,209
2,480
14
900
14
3,340
14
900
1
6,643
5
6,924
13
7,908
13
7,988
404,168
401,427
427,965
445,755
11,193
12,134
7,196
201
11,193
12,133
8,147
198
11,193
12,144
9,128
198
11,193
12,197
9,549
317
40,788
19,552
4,636
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
30,724
31,671
32,663
33,256
434,892
433,098
460,628
479,011
70,760
69,519
77,371
76,088
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
154
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, 1961—Continued
NEBRASKA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
121 banks
121 banks
121 banks
121 banks
572,047
289,121
566,391
289,186
60
570,319
326, 531
617,358
313,472
10,981
84,469
15,296
87,626
15,199
2,237
102,430
2,241
106,004
12,026
2,411
109, 740
15,082
2,480
93,489
14,342
156,606
10,423
148,304
10,601
1,011
155,360
10,885
194,882
11,150
1,029
1,861
4,598
1,955
2
4,906
2,410
1,239,573
1,234,266
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
Other assets
Total assets..
77,751
8,414
1,114
~"5~159"
1,298,776
2,480
4,6
1,358,204
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
i
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc_
Total deposits
Demand deposits
Time deposits
_
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities
662.409
677,340
720,231
190,591
24
50,476
84,020
161, 620
5,029
1,169,100
976,850
198,750
197,322
24
1,118,929
955,730
168,199
173,205
32
36,859
84,467
140.410
7,382
1,104,764
928,740
176,024
84,857
174, 661
13,146
1,226,108
1,022,265
202,848
2,945
11,415
110
4,725
101
8,564
161,501
24
18,555
89,931
350,612
9,067
2
34,862
10,316
9,782
1,130,836
Total liabilities..
1,124,869
1,184,251
1,243,550
29,658
43,798
31,736
3,545
29,708
32,148
47,145
31,862
3,370
33,598
48,391
28,803
3,862
~8~962
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves.. . . . . . . . . . . — . . . . .
....
Total capital accounts
Total liabilities and capital accounts
44,256
32,110
3,323
108,737
109,397
114,525
114,654
1,239,573
1,234,266
1,298,776
1,358,204
187,167
187,987
211,540
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
155
REPORT OF THE COMPTROLLER OF THE CURRENCY
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
NEVADA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
3 banks
3 banks
3 banks
3 banks
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.Obligations guaranteed by U.S. Government.
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal 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
Other assets
176,805
77,933
171,841
91,546
174,827
84,956
29,180
1,556
32,382
7,046
37,915
13,132
41,348
11,631
642
20, 559
6,278
642
21,592
5,753
645
22,440
6,758
645
26,124
6,254
13,065
6,277
151
12, 770
6,874
150
18,465
7,053
139
9,901
7,586
45
263
1,451
269
1,908
274
1,848
336
2,304
334,337
Total assets..
168,860
86,055
344,124
372,056
365,957
•
'
.
,
=
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
Postal savings deposits
—
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks
—
Certified and officers' checks, etc___
Total deposits...
Demand deposits.
Time deposits...
Rediscounts and other liabilities for borrowed money-.
Other liabilities...
Total liabilities-
138,081
130,214
146,466
143,506
115,466
125,334
130,464
131,045
4,550
39,088
704
3,110
300,999
176,459
124,540
8,039
42,097
1,216
4,014
810,914
177,196
133,718
10,392
46,071
618
3,932
337,943
199,109
188,834
13,048
38, 572
1,573
3,600
831,344
19% 575
138,769
7,518
7,374
SOS, 517
318,288
9,725
11,675
4,369
51
9,775
11,725
4,285
51
8,116
8,042
339,386
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
_
Undivided profits
Reserves
_
Total capital accounts
Total liabilities and capital accounts
9,775
11,725
4,446
51
9,775
11,725
5,005
66
25,820
25,836
25,997
26, 571
334,337
341,124
372,056
365,957
64,225
65,434
72,314
66,805
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
-
156
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, 1961—Continued
NEW HAMPSHIRE
[In thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
51 banks
51 banks
51 banks
164,254
73,537
3
17,486
995
167,357
73,106
3
20,561
1,088
170,931
82,734
22,320
2,315
175,880
85,106
12
16,239
2,417
733
17,350
8,491
738
15,434
6,826
739
22,367
9,603
748
21,305
9,012
31,008
5,223
325
32,967
5,242
302
32,762
5,247
43,138
5,255
230
42
1
316
42
2
378
319,764
Total assets
Sept. 27,
1961
51 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations..
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
_
Reserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
_.
Investments and other assets indirectly representing
bank premises or other real estate.-Customers' liability on acceptances outstanding
Other assets
June 30,
1961
324,046
839"
350,118
360,334
167,183
163,543
182,347
187,079
10
12,781
20, 547
11,214
2,578
277', 041
209,229
67,812
68,953
10
16,341
21, 719
10, 827
2,259
S02,456
281,991
70,465
66,364
10
10,384
31,653
12, 831
2,777
811,098
242,153
68,945
49
50
42
200
216
42
51
941
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
_
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money-.
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
64,721
10
6,428
21,874
10,821
1,943
*7'2,980
206,704
66,276
49
2,130
1
12,239
2
11,034
12, 715
14,092
285,996
Total liabilities
56
720
290,256
315,270
325,432
6,509
17,923
8,153
1,183
6,559
18,047
7,937
1,247
6,559
18,047
6,559
18,817
8,051
1,475
33,768
33,790
34,848
34,902
319,764
324,046
350,118
360,334
23,675
24,695
26,919
25,417
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
Total capital accounts
,
„*.
Total liabilities and capital accounts
1,276
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
157
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
NEW JERSEY
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
160 banks
160 banks
159 banks
156 banks
2,070,588
1,138,702
828
575,384
67,282
2,104,451
1,167,171
523
607,374
68,177
2,209,821
1,212,477
514
608,473
76,644
2,225,665
1,215,389
432
618,611
77,960
8,680
228,429
93,036
8,774
250,035
66,658
8,861
238,672
98,211
9,378
314,780
92,852
297,340
59,427
1,334
294,863
58,657
1,542
259,029
59,448
1,797
369,025
60,165
1,310
1,324
580
16,756
1,318
594
19,245
1,320
339
19,716
1,417
539
19,195
4,559,690
4,649,382
4, 795,322
5,006,718
1,837,580
1,827,619
1,866,990
2,088,889
1,858,091
25
48,102
300,283
46,094
39,214
4,129,389
1,906,433
15
98,954
291,641
39,264
42,485
4,206,411
2,257,422
1,932,444
15
143, 878
320,674
42,112
34,540
4,340,653
2,365,173
1,975,480
1,940,339
15
90,018
312, 553
54, 530
45,523
4,531,867
2,551,518
1,980,289
47
16,450
47
4,150
39
10,225
85,271
594
87,267
339
102,242
539
108,602
4,223,977
4,310,769
4,447,431
4,651,272
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
Other assets
_
Total assets
_
_
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.
_
Time and savings deposits of individuals, partnerships,
and corporations
_
_
Postal savings deposits..
_
—
Deposits of U.S. Government
_
Deposits of States and political subdivisions
,
Deposits of banks
_
_
Certified and officers' checks, etc
Total deposits.
Demand deposits
Time deposits
8,880,646
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities
Total liabilities..
1,898,7U
47
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
237
102,462
102,699
166,979
56,340
105,322
105,410
168,644
55,140
9,419
105,889
105,977
63,078
9,752
109,740
109,828
177,153
58,588
9,877
335,713
338,613
347,891
355,446
4,559,690
4,649,382
4,795,322
5,006,718
299,962
346,688
312,110
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
644637—02
11
158
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by Statesy at date of each call during year
ended Dec. 81, 1961—Continued
NEW MEXICO
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
29 banks
29 banks
29 banks
29 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
,
Other assets
223,683
169,040
240,359
168,550
235,553
178,735
19,933
3,288
223,344
177,144
5
20,780
2,554
21,820
1,997
21,731
2,229
876
35,077
10,072
885
41,523
9,403
902
32,749
11, 665
36,694
10,884
64,924
7,151
332
64,126
7,253
349
53,472
7,459
329
83,096
7,151
206
1,269
225
225
1,272
275
1,131
540,799
578,770
535,851
Total assets.
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
_
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities..
260,839
251,341
251,200
283,250
113,826
11
15,182
80,396
16,867
4,777
491,898
353, 554
138,344
117,147
11
21,581
119,605
11
24,755
79,873
14,691
4,384
494,519
349,142
145,377
120,947
11
22,381
82,806
16,432
6,385
532,212
386,524
145,688
95,066
13,896
6,054
505,096
364,820
140,276
18
18
16
16
5,338
5,312
5,425
6,236
497,254
510,426
499,960
538,464
14,245
14,534
5,951
3,867
14,345
14, 735
4,652
4,741
14,395
15,260
6,685
4,499
14,395
15,265
5,856
4,790
CAPITAL ACCOUNTS
Capital stock: Common stock.,
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
38,597
38,473
40,839
40,306
535,851
548,899
540, 799
578, 770
124,646
125,685
129,920
130,641
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
159
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
NEW YORK
[In thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
234 banks
234 banks
233 banks
2,654,324
19,441
1,102,789
112,325
6,422,186
3,181,891
19,224
1,096,282
127, 634
6,572,437
3,418, 750
19,924
1,252,692
133,190
6,927,786
3,185,894
20,075
1,284,681
102,980
38,894
1,059,707
125,825
39,181
1,084,131
95,792
39, 568
1,041,504
136, 578
42,039
1,004,164
138,495
1,118,494
176,063
3,649
1,225,652
177,939
2,924
990,445
179,871
3,040
1,838,980
187,649
4,090
5,989
143,604
169,801
6,018
135,497
159,333
6,284
163,379
170,703
7,086
156,301
174,713
13,099,901
Total assets.
Sept. 27,
1961
234 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
June 30,
1961
13, 773,684
14,128,365
15,074,933
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
5,738,808
Time and savings deposits of individuals, partnerships,
and corporations
3,538,296
Postal savings deposits
Deposits of U.S. Government
__
165,401
Deposits of States and political subdivisions
584,342
Deposits of banks
686, 574
Certified and officers' checks, etc
,
399,397
11,112,818
Total deposits
_
Demand deposits
_
_
_
7,812,722
Time deposits
_
3,800,096
Mortgages or other liens on bank premises and other
103
real estate
131,953
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
148,886
Other liabilities
481,767
Total liabilities.—.
11,875,527
5,700,889
5,719,107
6,662,567
3,764,756
3,832,702
3,826,153
405,436
657,412
781, 537
394,081
11, 701 Hi
7,649,458
4,054,659
507,177
695, 505
717,159
388, 582
103
128, 965
139, 338
570, 638
370,179
661,887
971,236
541,290
11,860,232 13,083,812
7, 717, 917 8,884,372
4,148,940
4, W, 315
103
287, 718
167,115
578,611
12, 543,155 12,893, 779
100
160,978
541,076
13,819, 434
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.
160
394,967
895,127
611,402
210,187
7,658
160
395,168
895,828
612,369
214,512
8,320
130
396,227
896,857
613,362
216, 559
8,308
130
397,476
897,606
618,772
229, 748
1,224,374
1,230,529
1,234, 586
1,255,499
13,099,901
13,773,684
14,128,365
15,074,933
1,279,667
1,439,932
1,749,288
1,552,156
MEMORANDTJM
Assets pledged or assigned to secure liabilities and for
other purposes
160
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, 1961—Continued
NORTH CAROLINA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
34 banks
34 banks
33 banks
31 banks
519,966
193,295
512,132
173,024
58,852
9,867
Total assets.
60,110
15,068
518,692
185,784
8
61,306
20,650
556,806
217,210
8
67,646
23,674
2,335
70,740
25,833
2,342
71,006
19,851
2,311
73,669
29,698
2,412
46,302
27,135
156,998
14,614
207
134,795
14,864
223
150,012
14, 923
221
224, 712
15,738
209
3,943
34
4,035
3,940
66
3,815
3,937
31
4,411
3,981
6
4,518
1,060,719
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
Other assets
1,011,236
1,065,653
1,190,357
540,352
496,046
526,791
601,594
184, 578
2
16,133
88,634
99,356
6,111
935,166
718,601
221, 565
186,020
2
32,152
84,361
84,150
5,908
888,639
661,381
227,258
183,918
2
41, 799
84, 516
99,109
5,481
941,616
716,310
225,306
190,239
2
37,456
93,488
130, 569
9,560
1,062,908
825,859
237,049
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
...
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc.
Total deposits
Demand deposits.
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
'Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..
500
1,650
500
34
33,062
66
28,458
31
30,884
34,001
968,762
918,813
973,031
1,096,915
26,092
26,142
51,697
13,101
1,483
25,667
51,077
14,411
1,467
26,254
53,831
11, 799
1,558
CAPITAL ACCOUNTS
Capital stock: Common stock—
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
51,532
12,855
1,478
91,957
92,423
92,622
93,442
1,060,719
1,011,236
1,065,653
1,190,357
151,532
157,956
159,229
177,795
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
161
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
NORTH DAKOTA
[In thousands of dollars]
Apr. 12,
1961
June 30,
Sept. 27,
Dec. 30,
1961
1961
1961
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
Other assets
175,287
106,289
10
28,312
9,449
169, 386
121,878
167,316
122,407
30,114
10,772
33,862
11,918
627
28,413
4,425
641
25, 751
3,632
646
26, 527
4, 921
655
27,132
4,500
31,798
5,831
60
25,098
5,731
110
28, 586
6,480
128
28,399
6,783
176
250
1,927
250
2,404
531
1,681
531
1,934
394,739
382,964
401,650
405,613
183, 778
173,470
188,186
196,147
129, 586
6
5, 537
29,195
11,044
2,373
861,519
227,568
133,961
131,402
6
8,118
24, 614
9,091
2,302
349,003
£12,059
131,390
11
13,216
20,060
11,863
2,340
867,066
230,486
136,630
132, 508
6
8,022
18,895
11,495
3,191
370,264
238,609
136,655
5,219
5,565
366, 539
354,371
372,285
375,829
8,415
12,481
6,700
604
Total assets
173,178
112,353
16
26,937
8,924
9,015
12,363
6,661
554
9,015
12,488
7,306
556
9,065
32, 766
7,229
724
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
__.
Total deposits
Demand deposits
_
_..
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed m o n e y . _
Other liabilities
„._
Total liabilities..
100
4,920
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits,
_
Reserves
Total capital accounts
Total liabilities and capital accounts
28,200
_
28,593
29,365
29, 784
394, 739
382,964
401,650
405,613
67,148
64,160
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
57,081
162
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, 1961—Continued
OHIO
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
223 banks
223 banks
223 banks
222 banks
2,875,700
1,737,054
1,224
476,431
54,654
2,938,535
1,781,201
554
496,032
63,571
3,026,596
1,898,436
555
508,118
3,077,467
1,968,010
415
504,953
70,279
14, 310
483,365
110, 696
14,472
483,117
84,658
14,534
456, 845
122,801
14,914
488,153
112,555
526,250
78,826
1,430
545,356
79,053
1,480
509,028
80,382
1,535
664,797
80,939
1,857
3,960
370
24,894
3,967
290
23,163
3,955
304
26,146
3,721
329
23,004
6,389,164
6,515,449
6,719,134
7,011,393
2,694,196
2,640,471
2,683,639
3,026,576
2,091,282
169
61,436
529,673
266,398
45,588
5,688,742
3,496,228
2,192,514
2,171,346
159
190,905
532, 876
240,103
54,601
5,8S0,461
S, 558,709
2,276,752
2,195,312
160
265,579
539,945
267,183
58,903
6,010,721
3,702,724
2,807,997
2,242,639
160
176,050
487,557
299,010
67,646
6,299,688
3,947,283
2,862,355
37
29,558
37
11,732
50
16,945
47
10,044
370
122,433
290
118,356
304
125,176
329
132,128
5,841,140
5,960,876
6,153,196
6,442,186
170,275
283,053
91,108
3,588
171,635
287,424
92,059
3,455
171,703
288,194
102,549
3,492
172,298
302,467
90,352
4,090
548,024
554,573
565,938
569,207
6,389,164
6,515,449
6,719,134
7,011,393
1,066,646
1,148,891
1,051,175
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
Customers' liability on acceptances outstanding..
Other assets
_
Total assets.__
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government.
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
_
_
Demand deposits._
Time deposits
Mortgages or other liens on bank premises a n d other
real estate
Rediscounts a n d other liabilities for borrowed m o n e y - .
Acceptances executed b y or for account of reporting
b a n k s and outstanding.
Other liabilities
Total liabilities
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
163
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
OKLAHOMA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
200 banks
200 banks
200 banks
200 banks
923,989
574,163
35
163,941
975,763
596,330
92
164,677
26,950
1,082,126
612,439
6
180,218
27,256
4,533
193, 537
4,593
187,270
24,962
4,630
185,437
31,879
4,655
198,501
29,871
332,307
30,160
935
346,922
30,763
783
326,494
31,114
933
462,520
31,653
1,355
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
Other assets
_
927,937
579, 794
159,878
25,228
5,842
129
5,755
5,444
264
6,215
5,342
230
5,434
2, 293,019
Total assets _
317
5,545
2,295,262
2,356,222
2, 641,606
1,166,529
1,133, 517
1,186,721
1,407,140
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
_
Time and savings deposits of individuals, partnerships,
and corporations
...
Postal savings deposits
Deposits of U.S. Government
__
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
_
Total deposits
Demand deposits
Time deposits.
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities. _.:
Total liabilities..
419,178
432,996
443,196
91
91
91
29,124
63,328
67,870
201,202
192,108
170,173
225,237
218,162
212,284
13, 685
16,164
13,376
2,055,046 2,056,866 2,098,711
1,617,903 1,604,524 1,632,284
487, US
451,842
461,477
57,638
209,854
240,834
25,471
2,394,014
1,912,187
481,877
13
540
19
236
19
15,048
19
129
16,283
317
16,371
270
17,397
230
18,282
2,072,011
2,073,309
2,126,445
2,412,545
61,750
88,005
67,317
3,936
62,025
89,956
66,214
3,758
62,565
90,516
72,962
3,734
62,940
91,762
70,112
4,247
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
Total capital accounts
Total liabilities and capital accounts
221,008
221,953
229,777
229,061
2,293,019
2,295,262
2,356,222
2,641,606
421,174
421,816
422,893
437,603
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
»
164
REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of national banks, by States, at date o£ each call during year
ended Dec. 31, 1961—Continued
OREGON
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
10 banks
10 banks
10 banks
10 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
Other assets
897,311
442,901
2,662
186,046
34,418
919,618
462,158
2,335
201,090
41,143
927,597
483,972
2,384
197,043
37,975
3,241
157,223
17,598
3,242
153, 601
14,482
3,242
174, 640
19,013
3,242
183,459
17, 516
140,373
33,759
702
145,885
34,261
588
136,026
34,434
166,440
36,289
1,336
3
1,294
8,079
1,992
10, 661
1,756
3,013
12, 996
1,912,312
Total assets
118
178,198
19,125
1,928,053
2,005,944
2,073,265
791,618
762,333
793,443
803,012
905,909
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations-__
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits_
Mortgages or other liens on bank premises and other
real estate
_
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding..
Other liabilities
Total liabilities
698, 687
738,251
751,291
14
14
14
12,046
41.326
31,460
157, 714
141,068
146, 389
28,810
30, 849
25,175
30,845
38.327
35,844
/, 719,784 1,7S9,466 1,796,318
952,926
982,771
943,495
813,547
766,808
795,971
756,337
14
27,856
224, 686
30, 628
38,894
U 881,4.27
1,008,932
872,495
263
15,000
293
1,294
35,234
1,992
29,880
2,070
32,830
3,043
29,100
1,756,550
1, 771,606
1,846,481
1,913,863
48,528
59, 542
51,370
23
48, 528
59,682
51,166
26
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
48,528
59,517
47,701
16
48,528
59,543
48,357
19
155,762
156,447
159,463
159,402
1,912,312
1,928,053
2,005, 944
2,073,265
453,983
446,113
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
500,531
REPORT OF THE COMPTROLLER OF THE CURRENCY
165
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
PENNSYLVANIA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
458 banks
458 banks
455 banks
450 banks
4,506,607
2,304,025
348
861,436
128,104
4,526,085
2,443,218
691
845, 580
137,072
4, 529,328
2, 656,001
783
890,166
140, 686
4, 647,416
2, 571,482
863
961,867
142,191
27,031
647,846
157, 660
27,148
701,228
127,959
27,222
670,055
176, 686
30,631
675, 618
169,481
650,886
123, 412
3,297
643,803
123,836
3,455
634,809
125,995
3,605
859, 709
128,307
3,797
4,038
13,031
35,206
4,366
17, 318
39,182
5,052
19, 990
40, 418
5,197
11,253
36,865
9,462, 927
9, 640,941
9, 920, 796
10,244, 677
3,957,957
3,888,167
3,883,236
4,232, 979
3,373,326
594
127,373
321,433
427,858
51, 595
8,260,136
4,7.76,048
3,484,088
3,469,057
597
294,341
375, 589
385,147
49,050
8,461,948
4,849,644
3,612,304
3,533,842
594
327,166
420, 778
408, 762
39,122
8,613,500
4,921,641
3, 540,468
597
250,063
493,003
459, 111
54,189
9,030,410
6,331,548
5, 698,862
135
32, 715
124
4,895
274
86,095
13,320
154,338
17,939
153,494
20,276
177,183
2,675
11,529
168, 631
8, 460, 644
8, 638, 400
8, 897, 328
9,213, 516
50
253, 816
253,866
560, 726
178, 313
9,378
50
254, 556
254,606
563,267
176,196
8,472
50
255, 514
255,564
563,949
194, 710
9,245
50
259, 684
259,734
617, 796
143,018
10, 613
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
Other assets.Total assets
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc___
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
_
_
_
Total liabilities
_
in
CAPITAL ACCOUNTS
Capital stock:
Preferred stock
_
Common stock..
Total capital stock
_
Surplus
_
_
Undivided profits
_
_
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts
1, 002,283
1,002, 541
1,023, 468
1,031,161
9,462, 927
9,640, 941
9, 920, 796
10,244, 677
1,072,270
1,173,546
1,214,991
1,217,870
MEMORANDUM
Assets pledged or assigned t o secure liabilities a n d for
other purposes
166
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, 1961—Continued
RHODE ISLAND
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
ipt. %
1961
4 banks
4 banks
4 banks
Dec. 30,
1961
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 b a n k . . .
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
Other assets
_
317,049
107,610
76
75,765
1,476
346,946
104,582
104
73,094
2,727
327,208
118,363
108
75,487
4,727
1,265
5,093
10,878
1,265
28,026
7,199
1,266
11,842
12,030
1,180
30,312
10,519
19,283
8,005
193
8
2,804
24,381
7,919
154
66
2,725
21,662
7,934
133
8
2,086
29,283
7,879
133
106
2,568
564,298
Total assets..
338,407
103,145
14
73,851
.1,352
573,711
584,414
607,873
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits. _____
Deposits of U.S. Government.
Deposits of States and political subdivisions.
Deposits of banks
Certified and officers' checks, etc
__.
Total deposits
Demand deposits
_
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
186,768
192,780
206,362
274,214
24
9,795
34,089
3,241
4,703
612,884
287,784
275,050
275,259
24
14,599
31,355
4,144
3,868
622,029
HI, 885
280,694
275,845
24
10,969
41 429
4,142
648,268
256,220
287,046
11
15,804
66
14,159
12
15,767
118
16,857
518,238
527,059
537,808
560,241
13,490
25,540
7,015
15
Total liabilities..
192,677
274,121
24
13,490
25,580
7,567
15
13,490
25, 580
7,502
34
13,605
25,753
8,259
15
3,297
25,551
3,426
3,252
502,848
227,305
275,048
4,495
75
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus.
Undivided profits
Reserves
Total capital accounts
_
Total liabilities and capital accounts
46,060
46,652
46,606
47,632
564,298
573,711
584,414
607,873
27,237
27,361
33,246
33,373
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPOET OF THE COMPTROLLER OF THE CURRENCY
167
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
SOUTH CAROLINA
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
25 banks
25 banks
25 banks
25 banks
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
_
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
___
_
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises.
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Other assets
304,817
169,952
303,655
177,768
313,673
200,970
321,241
209,187
44,267
7,937
45,136
7,077
47,261
48,488
9,761
1,356
39,062
18,694
1,356
55,964
14,107
1,424
46,361
20,568
1,442
46,561
17,997
84,805
12,325
234
82,584
12,320
241
74,781
12,643
104,429
13,187
224
181
192
2,764
2,397
260
1,000
3,000
245
4
2,514
702,797
= = =
731,539
775,280
392,169
396,125
404,638
440,023
95,597
97,830
102,028
96,584
16,719
78,339
25,916
32,625
85,597
20,153
3,169
648,210
582,574
116,686
27,373
94,238
22,685
5,792
686,695
574,620
112,175
38
29
Total assets..
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
_
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
_
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks..
_
Certified and officers' checks, etc
Total deposits
Demand deposits..
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities.—
_
Total liabilities
22,986
2,683
608,498
498,597
110,096
16,261
3,764
625,882
618,706
112,176
200
23,113
21,396
1,000
25,257
4
30,537
631,644
647,516
674,505
717,265
14,161
31,030
8,442
1,117
14,161
31,031
8,940
1,149
14,374
31,410
9,999
1,251
14,519
31,988
10,081
1,427
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves
Total capital accounts
54,750
55,281
57,034
58,015
702,797
Total liabilities and capital accounts
731,539
775,280
118,685
120,802
124,993
MEMOEANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
,
109,794
168
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, 1961—Continued
SOUTH DAKOTA
[In thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
33 banks
33 banks
33 banks
206,524
108,614
207,975
107,274
205,473
128,103
206,874
135,650
21,870
6,638
21,518
8,260
22,131
10, 947
23,620
10,403
855
30,036
4,673
871
29,790
4,406
879
29,652
5,320
32, 557
5,163
28, 111
6,788
218
25,330
6,880
224
33,433
7,010
252
34,493
6,984
226
753
3
1,964
730
765
854
2,466
2,043
2,476
417,047
Total assets.
Sept. 27,
1961
33 banks
Loans and discounts (including overdrafts)
_
U.S. Government securities, direct obligations._
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank.
Currency and coin._
__
Balances with other banks, and cash items in process of
collection.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises.
Investments and other assets indirectly representing
bank premises or other real estate..
Customers' liability on acceptances outstanding
Other assets
June 30,
1961
415,724
446,008
460,188
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations. __
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
_
___.
Mortgages or other liens on bank premises and other
real estate
„
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
.
Other liabilitiesTotal liabilities..
190,039
178,983
205,847
216,916
125,876
128,779
129,748
133,783
5,214
48,363
9,875
2,507
881,874
2^5,812
186,562
8,012
51,901
10,080
2,825
240,479
140,101
11,861
47,672
11,972
2,381
409,481
266,718
142,763
7,979
47,192
14,101
2,798
422,769
275,415
147,354
50
50
50
50
5,758
5,472
5,951
6,433
387,685
386,102
415,482
429,252
9,260
13,533
6,204
365
9,260
13,706
6,291
365
9,360
14,021
6,761
384
10,560
13,190
6,773
413
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves.
Total capital accounts
Total liabilities and capital accounts
29,362
29,622
30,526
30,936
417,047
415,724
446,008
460,188
70,388
72,933
78,025
77,523
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
169
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
TENNESSEE
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
74 banks
74 banks
74 banks
74 banks
1,155,840
578, 946
122
153,090
20,472
1,154,120
542,692
162
148, 468
21,806
1,180,677
592,478
62
150,623
20,001
1,270,431
604,769
52
149,688
22,828
4,964
174,334
42,426
4,941
172,689
38,155
4,972
176,702
47,005
5,130
159,439
48,564
313,304
26,901
1,682
333, 790
27,125
1,598
290, 470
26,844
2,386
477,333
26, 742
2,422
19,510
6,197
126
8,276
7,445
5,365
7,396
2,497,788
2,461,393
5,089
7,217
2,504,526
2, 780,159
986, 885
951, 568
971,001
1,104,370
668,166
163
23,827
214,083
338,901
8,409
2,240,434
1,542,859
698,075
680,146
162
54,615
236,481
293,246
10, 823
2,227,0U
1,499,986
727,055
160
72,364
222, 716
300,686
7,859
2,255,480
1,514,157
741,823
684, 874
166
53,192
205,808
474,077
12,939
2,535,426
1,808,047
782,379
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
Other assets
_
_
Total assets.
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
_
_
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions..
Deposits of banks
_
_.
Certified and officers' checks, etc.
_
Total deposits
__
_
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate.
_
_
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
125
100
124
2,300
122
1,400
19, 510
40, 561
8,276
35,369
5,089
40,394
5,365
35,931
2,307,730
2,270, 911
2,303,387
2, 578,244
57,380
97,411
31,414
3,853
Total liabilities
125
7,100
57,380
97, 558
31, 762
3,782
59,430
98,036
39,638
4,035
60,230
101,541
35, 783
4,361
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
_
_
_
_
_
_._
_
Total capital accounts
190,058
190,482
_
2,497, 788
2, 461,393
Assets pledged or assigned to secure liabilities and for i
other purposes
275,405
291, 500
Total liabilities and capital accounts
201,139
2, 504, 526
201, 915
2, 780,159
MEMORANDUM
339,766
328,240
170
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, 1961—Continued
TEXAS
[In'thousands of dollars]
Apr. 12,
1961
Dec. 30,
1961
471 banks
472 banks
473 banks
4,326,451
2,185,508
89,630
627,700
108,965
4,311,549
2,164,804
89,320
626,604
108,559
4,476,009
2,438,761
89,065
662,914
114,918
4,823,888
2,386,094
89,505
678,853
113,999
20,957
794,037
115,212
21,282
816,954
21,729
764,492
130,790
22,241
782,317
117,894
1,568,581
185,365
9,226
1,555,946
186,832
8,798
1,478,360
188,962
2,158,824
199,288
9,353
12,328
15,878
33,063
12,947
6,492
38,094
12,984
5,830
42,165
5,577
39,040
39,894
10,092,901
10,046,719
10,436,367
11,466,767
4,867,619
4,886,429
4,985,828
5,566,650
1,818,264
1,100
133, 738
929,916
1,295,040
69,889
9,115,566
6,820,977
2,294,589
1,892,378
1,085
227,123
794,696
1,202,924
78,020
9,082,655
6,751,201
2,331,454
1,912,585
1,973,030
1,080
1,080
449,238
181,736
753,208
945,479
1,191,324
1,603,859
71,254
154,978
9,364,517 10,426,812
7,021,724 8,003,278
2,342,793
2,423,534
171
29,673
171
21,313
95,166
183
40,142
15,881
79,859
77,743
5,884
87,970
40,017
74,672
9,241,150
9,188,441
9,553,706
10,581,826
312,367
374,260
139,411
25,713
Total assets.
Sept. 27,
1961
469 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.
Obligations guaranteed by U.S. Government.
Obligations of States and political subdivisions
,.
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
,.
Customers' liability on acceptances outstanding-_
Other assets
June 30,
1961
313,343
376,978
141,741
26,216
319,324
384,874
152,245
26,218
321,665
393,040
139,389
30,847
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
Rediscounts and other liabilities for borrowed money. .
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities..
CAPITAL ACCOUNTS
Capital stock: Common stock...
Surplus
Undivided profits.
Reserves
Total capital accounts
_
Total liabilities and capital accounts
851,751
858,278
882,661
10,092,901
10,046,719
= = = = =
10,436,367
11,466, 767
1,611,033
1,642,236
1,819,766
1,720,772
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
884,941
REPORT OF THE COMPTROLLER OF THE CURRENCY
171
and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
UTAH
[In thousands of dollars]
Apr. 12,
1961
Sept. 27,
1961
Dec. 30,
1961
7 banks
Loans and discounts (including overdrafts).
_
U.S. Government securities, direct obligations.
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions. __
Other bonds, notes, and debentures
_
Corporate stocks, including stock of Federal Reserve
bank
_______
Reserve with Federal Reserve bank
Currency and coin
_
Balances with other banks, and cash items in process of
collection
___
Bank premises owned, furniture and fixtures.
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
_
Other assets
__
June 30,
1961
7 banks
7 banks
7 banks
275,607
280,348
96,373
25
34,166
5,545
289,177
106,169
37,883
4,210
289,208
92,830
10
41,150
4,198
990
46,463
4,921
1,022
41,150
5,162
1,023
41,242
5,756
1,053
41,705
5,785
40,317
1,533
41,834
1,512
61
44,193
1,496
61
57,250
1,470
29
6,200
755
6,200
853
6,200
591
6,200
504,695
514,251
538,001
541,815
192,504
187,976
205,940
208,322
181,048
489
3,201
42,430
18,985
3,676
U*,888
195,140
198,390
192,155
489
11,128
42,232
18,947
4,080
457,007
W, 180
209,827
189,249
489
10,014
56,593
20,107
6,379
491,153
Z86,252
204,901
12,500
9,717
8,500
8,409
75
8,902
8,691
464, 550
473,916
495,756
499,844
10,075
19,815
8,072
2,183
Total assets-
25
30, 753
3,039
13,075
17,825
7,249
2,186
13,075
17,850
9,128
2,192
13,075
18,935
7,768
2.193
94,063
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations—
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits...
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks.
___
_
___
Certified and officers' checks, etc
Total deposits
_
___
Demand deposits
Time deposits
_
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money. _
Other liabilities
Total liabilities..
___
_._
243,943
489
26,263
34,499
20,347
4,101
486,779
275,977
210, 802
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
_
Undivided profits
Reserves.
Total capital accounts
_
Total liabilities and capital accounts
40,145
40,335
42,245
41,971
504,695
514,251
538,001
541,815
28,240
21,620
36,011
24,155
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
172
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, 1961—Continued
VERMONT
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
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..
Other assets.
Total assets
_
121,915
52,291
50
12,529
2,656
124,546
51,722
9
13,888
2,688
123, 716
57, 675
8
13, 750
2,735
124, 618
58,362
8
12, 012
2,927
436
11,160
3,754
444
10,376
3,527
448
12,619
4,264
456
13,754
3,861
12,502
3,307
153
12,405
3,188
205
15, 262
3,235
207
15, 249
3,118
199
846
569
495
853
553
856
437
222,168
224,339
235,325
235,857
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations._.
Time and savings deposits of individuals, partnerships,
arid corporations
Postal savings deposits
_
Deposits of U.S. Government
_
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Rediscounts and other liabilities for borrowed money..
Other liabilities
_
Total liabilities
64,486
64,281
70,557
70,134
123,309
3
2,095
5,673
1,197
1,262
198,025
73,435
124, 590
180
3,400
124,513
3
2,998
5,303
1,267
1,265
199, 630
74,4*7
125,203
126,486
3
3,914
6,545
1,159
1,144
209, 808
82,418
127,390
25
4,047
125,423
3
3,139
9,325
1,333
1,191
210,548
83, 617
126,931
201, 605
203,723
213,880
214, 714
4,093
4,166
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
800
6,175
6,975
7,563
4,627
1,398
800
6,375
7,175
7,658
4,379
1,404
800
6,425
7,225
7,714
5,051
1,455
800
6,483
7,283
8,057
4,472
1,331
20,563
20, 616
21,445
21,143
222,168
224,339
235,325
235,857
9,843
9,422
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
9,760
REPORT OF THE COMPTROLLER OF THE CURRENCY
173
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
VIRGINIA
[In thousands of dollars]
Apr. 12,
1961
128 banks
Total assets _
128 banks
128 banks
988,197
499, 753
100
138,463
36,863
1, 004,357
481, 707
56
134, 883
38,087
1, 032, 677
516,861
50
138,153
42,283
1, 051, 099
538,775
30
151,477
47, 987
4,571
130,962
42,048
4,519
117, 293
34,191
4,598
116,973
46, 665
4,6f8
153, 626
44,544
190,640
29, 688
843
191, 248
29,872
1,122
178,230
30,606
781
238, 611
31,562
921
1,733
253
5,468
1,833
208
6,317
1,914
320
6,987
1,881
309
5,877
2,069,612
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
Other assets.
__
June 30,
1961
2,045,663
892,263
>pt. 27,
1961
2,117, C
Dec. 30,
1961
2, 271, 397
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations..
_
__
Postal savings deposits
Deposits of U.S. Government
...
Deposits of States and political subdivisions
Deposits of banks
__
__.
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits.
_
Mortgages or other liens on b a n k premises a n d other
real estate
Rediscounts a n d other liabilities for borrowed m o n e y . .
Acceptances executed b y or for account of reporting
b a n k s a n d outstanding
Other liabilities
868,093
941,824
711,271
12
78,123
112,321
105,149
8,239
1,883,208
1,122,788
760,420
728, 710
13
55, 828
136,495
151,586
21, 417
2,035, 873
1,253, 491
190
12,100
256
14,280
260
1,925
274
425
253
35,040
208
32,549
320
39,142
309
42,941
1,885,000
T o t a l liabilities.
839,179
674,193
688,653
107
13
35,867
61,417
126,058
129,706
84, £37
99,700
9,229
10,375
1,837,417 1,814,280
1,118,388 1,083,712
719,029
730,568
1,861,573
1,924, 855
2, 079,822
50.298
94,411
36.299
3,604
50, 298
94,522
35, 740
3,560
51, 048
96,744
41,112
3,339
52,063
98,358
37, 894
3,260
CAPITAL ACCOUNTS
Capital stock: Common stock.
Surplus
_
Undivided profits
Reserves
_
_
_
_
_
Total capital accounts
Total liabilities and capital accounts..
184,612
184,120
192, 243
191, 575
2, 069,612
2,045,6€3
2,117,098
2,271,397
308.850
325.334
343.187
344.446
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
644637—62
174
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, 1961—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
lbank
lbank
lbank
lbank
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
._.
Other bonds notes and debentures
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
Other assets
. .
Total assets
_
8,974
5,773
500
2,491
9,693
4,575
10,373
4,532
9,952
5,506
2,830
3,109
2,601
30
598
822
30
487
597
30
462
694
30
1,138
634
1,843
42
300
100
2,572
52
1,707
97
1,844
94
469
559
586
21,473
21,305
21,563
22,385
4,688
4, 501
4,631
5,193
7,509
7,513
8,020
7,898
176
7,300
66
80
19,819
7,002
12 817
122
6,747
230
111
19,224
6,884
12 840
175
6,794
78
78
19,776
5,992
13 784
217
6,815
101
132
20,856
6,180
14 176
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations...
Time and savings deposits of individuals, partnerships,
and corporations _
Postal savings deposits
Deposits of U.S. Government
_
_
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
. .
Total deposits
Demand deposits
Time deposits
..
Rediscounts and other liabilities for borrowed money- Other liabilities
_
Total liabilities
205
552
280
465
20,024
19, 776
20,056
20,821
335
675
439
335
675
519
335
675
497
335
675
554
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus.
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts
1.449
_
1, 529
1,507
1,564
21,473
21,305
21,563
22,385
7,872
7,153
7,641
7,612
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
175
and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1961—Continued
WASHINGTON
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
26 banks
26 banks
26 banks
24 banks
1,317,751
613, 760
8
172,390
12,055
1,314,739
621,291
4
176, 593
17,825
1,360,642
642,009
9
190,042
12,013
1,348,381
687,532
65
196,637
12,355
4,720
228,400
35,830
4,723
241, 352
28, 576
4,784
225,622
41,401
4,831
223,683
35,999
240,325
44,956
1,112
265,296
45,162
1,529
240,488
45,912
1,531
294,157
45,866
1,380
616
2,975
11,633
616
3,945
13,042
613
5,264
15,030
621
3,633
13,405
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
Other assets
_
Total assets.
2,686, 531
2, 734, e
2,785,360
2,868, 545
1,279,014
1,224, 567
1,249, 593
1,343,002
831,677
9
30.072
176,887
76,046
19.116
2.412, 821
1,570,761
842,060
863,878
9
71,516
210,361
78,890
18, 732
2, 467.958
1,692.848
876,610
872,179
9
92,367
193,436
80, 526
17,698
2.505, WS
1, 622,218
883,595
883,694
9
69,424
198,588
83,247
22,166
2, 600.180
1,702,666
897,664
49
3,000
49
5,000
48
1,500
23
2,990
61,289
4,005
48, 669
5,354
60, 069
49, 736
2,480,149
2, 525, 676
2, 572, 779
2,653, 580
67,232
89.918
47, 628
1,604
67, 232
92,028
48,040
1,717
67, 232
92,028
51,529
1,792
67,807
93,039
52,806
1,313
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
__
_
Time and savings deposits of individuals, partnerships,
and corporations
_
__
_
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc.
Total deposits
___
_
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding.
Other liabilities
Total liabilities.
CAPITAL ACCOUNTS
Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
_
Total liabilities and capital accounts
206,382
209,017
212, 581
214, 965
2, 686, 531
2,734, 693
2, 785, 360
2,868, 545
401,695
447,974
486,645
482,781
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
176
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, 1961—Continued
WEST VIRGINIA
[In thousands of dollars]
Apr. 12,
1961
June 30,
Sept. 27,
Dec. 30,
1961
1961
1961
77 banks
77 banks
77 banks
76 banks
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
__.
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions.
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank.
_
__.
Reserve with Federal Reserve bank
_
Currency and coin
Balances with other banks, and cash items in process of
collection..
_
__.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Other assets
_
Total assets
_
276,202
264,282
13
43,929
7,737
287,446
261,600
25
45,640
8,199
287,958
280, 737
19
45,403
8,763
295,324
283,204
24
47,130
7,864
1,700
44,080
19, 641
1,701
41,309
18,273
1,708
46, 364
21,208
1,714
45,332
19,142
62,383
8,962
807
74, 664
8,873
934
65,297
9,207
86,161
9,332
632
508
1,474
527
1,644
527
2,059
542
2,199
731, 718
750,835
333,129
321,162
324,246
345,900
233,607
143
9,535
43,341
25,401
3,387
648,543
413,243
235,800
237,405
148
15, 623
60,168
29,021
3,520
667,047
427, 843
239,204
240,459
148
29, 468
55, 922
29,218
2,843
682,804'
440,138
242,171
243,595
148
14,880
56,844
41.491
4,043
706,901
461,529
245,872
1,150
7,185
550
8,378
53
200
9,662
53
300
15, 670
656,878
676,028
692,219
722, 924
18,821
37, 745
15,202
3,072
18,821
38,040
14, 750
3,196
19,071
37,818
17,531
3,197
19,001
38,555
14,707
3,413
798,600
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations.._
Postal savings deposits.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks.
_
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
_
_
_
Rediscounts and other liabilities for borrowed money..
Other liabilities
Total liabilities.....
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves.
Total capital accounts.
_
Total liabilities and capital accounts
74,840
74,807
77,617
75,676
731, 718
750,835
769,836
798,600
121,081
126,181
137,019
134,605
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
177
Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1961—Continued
WISCONSIN
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
99 banks
99 banks
99 banks
101 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
Other assets
Total assets.
._.
936,027
630,979
250
129,134
26,586
957,235
608,942
200
132,024
27,855
3,727
164,778
30,312
134,041
30, 715
996,285
660, 753
21
136, 530
31,823
3,731
169,491
24,225
3,760
183,752
33,300
3,838
198,099
29,501
231,701
20,992
1,304
236,505
21,986
1,275
215,233
22,392
1,353
358,609
23,095
1,385
1,008
325
8,914
184
9,408
1,060
172
8,994
1,055
311
8,341
2,186,037
2,194,024
2,239,184
2,449,646
924,332
908,862
915, 746
1,088,012
639,749
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
_
Time and savings deposits of individuals, partnerships,
and corporations..____
Postal savings deposits..
_.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
_.T
Certified and officers' checks, etc
Total deposits
Demand deposits
Time deposits
Mortgages or other liens on bank premises and other
real estate
Rediscounts and other liabilities for borrowed money..
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
762,564
737,363
746,505
857
857
857
21,769
67,087
75,453
112,490
112,741
90, 551
166,107
139,935
154,298
11,637
10,906
10,472
1,974,555 1,986,893 2,009,941
1,213,584- 1,211,805 1,219,355
761,021
775,088
790,586
771,501
857
61,078
107,398
178, 933
14,844
2,222,623
1,427,175
795,448
142
5,957
140
20, 687
207
114
325
45,225
224
36,131
172
38,978
2,024,477
Total liabilities
143
2,029,347
2,069,918
311
55,013
2,278,268
43,379
80,840
32,850
4,491
43,379
81,104
33,745
6,449
43,509
81,885
37,150
6,722
43,934
84,460
35,837
7,147
CAPITAL ACCOUNTS
Capital stock: Common stock—
Surplus
Undivided profits
Reserves
_
___
_
Total capital accounts
Total liabilities and capital accounts. __
161,560
164, 677
169,266
171,378
2,186,037
2,194,024
2,239,184
2,449,646
158,867
170,237
177,017
140,231
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
178
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, 1961—Continued
WYOMING
[In thousands of dollars]
Apr. 12,
1961
Sept. 27,
1961
Dec. 30,
1961
26 banks
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations.
Obligations guaranteed by U.S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
_
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of
collection
_
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Other assets
June 30,
1961
26 banks
26 banks
26 banks
140,975
88,956
140,322
94,569
143,006
105,052
15,624
3,326
16,540
3,070
16,989
3,102
18,384
3,157
548
23,120
5,000
545
20,147
520
20,645
5,730
521
25,005
5,010
5,409
581
966
32,103
6,800
716
912
34,982
6,418
755
698
43,688
6,187
749
961
311,836
Total assets..
132,731
95,638
314,460
324,730
351,720
136,604
88,315
130,194
92,036
137,013
94,273
146,673
96,754
18
5,571
37,761
11,449
2,772
282,490
181,469
101,021
28
100
4,099
18
7,961
40,982
10,166
2,829
284,186
178,917
105,269
18
8,587
37,478
13,841
2,941
294, 151
187,587
106,614
18
6,213
51,491
16,151
3,847
S21,1A7
206,267
114,890
21
1,010
4,134
21
301
4,455
4,178
286,717
289,351
298,928
325,346
4,528
12,212
7,511
4,528
12,261
7,495
825
4,528
12,292
8,169
813
4,528
13,106
7,742
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions.—
Deposits of banks
Certified and officers' checks, etc
Total deposits
Demand deposits.
Time deposits
—
_
Mortgages or other liens on bank premises and other
real estate
_.
Rediscounts and other liabilities for borrowed money-.
Other liabilities
Total liabilities...
21
CAPITAL ACCOUNTS
Capital stock: Common stock..
Surplus
Undivided profits
Reserves.Total capital accounts
Total liabilities and capital accounts
25,119
25,109
25,802
26,374
311,836
314,460
324,730
351,720
62,801
66,853
67,692
71,149
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
TABLE N O . 17.—Fiduciary activities of national banks as of Dec. 30, 1961
Banks with capital stock o—
f
$25,001 t o
$50,000
$25,000
Number of national banks with trust powers but not administering trusts
Number of national banks with trust powers administering
trusts
_Total number of national banks authorized to exercise
trust powers
_
_
Total assets of national banks with trust powers but not
administering trusts.
Total assets of national banks with trust powers administering
trusts
__.Total assets of national banks authorized to exercise
trust powers..
_
-
$50,001 t o
$100,000
$100,001 t o
$200,000
$200,001 t o
$500,000
$500,001 a n d
over
Total
6
28
61
75
57
12
239
4
20
141
318
423
618
1,524
10
48
202
393
480
630
11,763
$11,262, 560
$90,007,524
$328,147,451
$661,421,054
$942,702, 568
$990,925,638
$3,024,466,795
9, 784,802
68, 708,674
895,459, 524
6,348, 515, 750
6,940.464,204
114,259,473,515
128,522,406,469
21,047,362
158,716,198
1,223,606,975
7,009,936,804
7,883,166,772
115,250,399,153
131,546,873,264
1,389, 780
35,057
93,120
2,153,355
67,030
314, 780
19,172
45, 709,379
2,970,856
5,149,812
3,376,699
2,156, 522,569
54,150,059
116, 739,382
2,247,905,996
879,717,973
26,499,447
67,472,094
100,203,861
40,506,870, 745
1,097,670, 111
1,542,312,936
30,366,883,084
43,592,363,801
1,181,392,560
1,732,082,124
32,718,388,812
1,517,957
2, 554,337
57,206, 746
4,575,318,006
1,073,893,375
73,513, 736,876
79,224,227,297
fe)
o
TRUST DEPARTMENT ASSETS
Investments . .
Time deposits
Demand deposits
Other assets
.
Total
_.
.
-—
o
TRUST DEPARTMENT LIABILITIES
Trusts
Other liabilities:
Agency, escrow, custodian and corporate accounts
Miscellaneous
Total
Total volume of bond issues outstanding for which banks are
acting as trustee
204,976
2,048,521
45,382,225
1,360,262,964
763,223,859
26,708,290,094
28,879,412,639
1,312,981
492,994
12,822
11,486,388
338,133
966,085,630
2,248,969,412
301,889, 784
8,779,732
46,171,194,556
634,252,226
47,452,462,333
2,892,352,325
1, 517, 957
2, 554,337
57,206, 746
4, 575,318,006
1,073,893,375
73,513,736,876
79,224,227,297
1, 732,500
1,073,500
9,044,617
3,570,055,071
377,934,207
33,974,214,970
37,934,054,865
3
3
CO
TABLE N O . 17.—Fiduciary activities of national banks as of Dec. 30, 1961—Continued
Banks with capital stock o—
f
Number of national banks administering personal accounts:
Trusts
_
Agency, escrow and. custodian accounts
Number of national banks administering corporate accounts:
Bond or debenture issues
Paying agencies _
Depositories and other miscellaneous corporate accounts
Number of national banks acting as transfer agent
Number of national banks acting as registrar
_
_
Number of personal accounts being administered:
Trusts
Agency, escrow and custodian accounts—
Total
_
_
_
$500,001 a n d
over
Total
Total.. .
4
18
3
134
54
307
140
408
291
612
573
1,483
1,061
2
5
2
1
23
16
8
3
6
94
30
22
9
13
170
104
54
23
35
463
395
253
306
276
757
547
338
341
330
21
122
6
2,181
480
15,259
5,633
30,773
5,678
302,951
109,322
351,307
121,119
21
128
2,661
20,892
36,451
412,273
472,426
2
7
3
1
31
34
12
442
1,828
565
1,033
588
181
9,733
27,995
7,975
11,248
30,448
8,734
11
77
2,835
1,802
45,703
50,430
3
260
39
4,711
5,013
6
195
49
4,267
4,517
2,747
24,182
38,341
466, 954
532,386
Number of accounts for which national banks are acting as
transfer agent
_
_
Number of accounts for which national banks are acting as
registrar
_
_
_
_.
23
i Includes 30 banks which have been granted only certain specificfiduciarypowers.
$200,001 to
$500,000
2
Number of corporate accounts being administered:
Bond or debenture issues
Paying agencies
Depositories and other miscellaneous corporate accounts
Total number of accounts being administered—
$100,001 to
$200,000
$50,001 to
$100,000
$25,001 to
$50,000
$25,000
139
I
1
I
TABLE NO. 18.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. 30, 1961
Federal Reserve districts
Boston
New York
Philadelphia...
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis...
Kansas City...
Dallas
San Francisco .
Total..
Number
of banks
exercising
fiduciary
powers
Number
with authority
but not
exercising
fiduciary
powers
Trust department liabilities
Trusts
239
i 1, 763 131,546,873,264
Trusts
Common trust funds
Bond and debenture issues
outstanding
where bank Number of
Ledger
acts as trustee
funds
value of
assets
Trust department
gross earnings for
year ended
Dec. 31, 1961
Corporate
trust bond
issue
accounts
298
631
773
1,311
479
1,169
2,048
2,053
491
833
541
621
1,553
7,764
751
3,005
1,417
5,344
11,763
2,376
564
5,743
4,864
3,568
037.824
29,449
47,144 12, 746, 109,311
35,789
673, 503,063
50,471
4,266, 296,277
33,663
1,485, 612,269
36,436 2,062, 502,723
132,053 8,031, 581,308
15, 585
854, 576,291
19, 752
481. 934,671
23,951
69,157
1,441, 333,852
1,315, 279.825
3, 593, 287,451
11,248
48, 712
532,386
37,934,054,865
19,671
22,619
30,972
39,145
24,819
21,931
91,919
11,281
18,945
15,138
45,778
7,927
16,130
3,293
7,010
6,948
7,992
26,323
2,067
7,416
13,415
3,408
19,190
Total—
351,307
121,119
8
All other
accounts
Total
number of
accounts
$98,592,454
46,913,994
54,714,729
178, 554,242
84,082, 740
57,565,084
63,747,734
9,955,675
26,063,369
88,396,648
52,167,562
189,843,356
2 332
Includes 30 banks which have been granted only certain specific fiduciary powers.
Includes 32 funds operated under sec. 17(b) of Regulation F of the Board of Governors of the Federal Reserve System, with assets of $1,859,977.
Total
liabilities
79,224,227,297
47,452,462,333
Agency,
escrow,
and
custodian
accounts
Boston..
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas
_.
San Francisco.
1
All other
liabilities
2,892,352,325
28,879,412,639
Number of accounts being administered
Federal Reserve districts
Agency,
escrow,
custodian, and
corporate
accounts
$12,974,903 $4,660,444,872
153 $6, 753, 581,801 $2,313, 863,423 $2.333,606,546
133,662, 755 17,861,105,197
166 17,829, 928,437 3,842,386,581 13, 885,055,861
1,880,153, 754
6,640,109
186 5, 527,229, 907 1,038,506,869
835,006, 776
9,887,316,212
5,619, 801,369 4,221,152,656
115 10,459,938,624
46,362,187
3,422,577,118
160 6, 645,683, 749 1,532,533,101
1,876,169, 722
13,874,295
4,379,782,442
163 9,605,306, 709 1, 773,332,861 2, 587, 798, 587
18,650,994
18,951,311,033
274 20,938, 725,491 4,737,311,384 11,711,446,817 2,502,552,832
875,411,649
414,263, 658
143 4, 620,851,821
7, 729, 970
453, 418, 021
2,938,551,410
611,237, 948 2,317,919, 552
9,393,910
66 3,257,149, 025
4,133,238,703
153 6,930, 718,637 1,361,162,569 2, 725,336,665
46, 739,469
2,248,620,242
1,540, 542,112
137 10,175,339,403
56,658,211
651, 419,919
7,985, 714,665
37,112,690
47 28,802,419, 660 4,094,470, 764 3,854,131,211
126
146
181
108
138
140
243
121
49
112
117
43
1,524
Total banking
Total
assets of banks
number
authorized authorized to
to exercise exercise fiduciary powers
fiduciary
powers
$16,439,000
31,320,000
6,645,000
25,909,000
10,819,000
12,616,000
43,803,000
3,811,000
7, 716,000
10,530,000
10, 111, 000
39,046,000
950,597,587
218, 765,000
o
d
pa
oo
00
to
TABLE NO. 19.—Classification of investments under administration by the active national bank trust departments, Dec. 80, 1961
Trust department investments classified accordIng to capital stock of banks administering
trusts
Percent
Bonds
Banks with
Banks with
Banks with
Banks with
Banks with
Banks with
$1,353,511
capital stock of $25,000
848.634
capital stock of $25,001 to $50,000
15,655,519
capital stock of $50,001 to $100,000
capital stock of $100,001 to $200,000™ 1,687, 700,467
296,438,248
capital stock of $200,001 to $500,000
22,440,345,846
capital stock of $500,001 and over
Total
24,442,342,225
Stocks
$36,269
97.39
702.854
39.41
21, 749,323
34.25
151, 620,378
78.26
33.70 395,125,148
55.40 13,422,070,273
Percent
Real-estate
mortgages
2.61
32.64
$149,942
47.58
3,292,264
7.03
62,042,334
44.92
79,114,761
33.14 1,803,262, 711
56.07 13,991,304,245 32.09 1,947,862,012
Percent
Real estate
Percent
Miscellaneous
Percent
Total
investments
6.96
$363,489 16.88
$88,436
7.20
3,860,451
1,151,822
8.45
2.88
27, 673,020
227,486,370
1.28
8.99
67,487,935
41,551,881
7.67
4.45 1, 552,147, 552 3.83 1,289,044,363
$1,389,780
2,153.355
4.11
45, 709,379
2.52
2,156,522,569
10.55
879,717,973
4.72
3.18 40,506,870,745
3.79 1, 559,322,872
3.58 43,592,363,801
4.47 1,651, 532,447
TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 30, 1961
Number
of banks
exercising
fiduciary
powers
Location
Alabama
Alaska . . . . .
Arizona
Arkansas .
California
Colorado
Connecticut
Delaware
District of Columbia
Florida. . _
Georgia......
Hawaii
_
_
_ .
_ .
..
.__
...
29
4
2
24
15
20
14
1
3
46
21
Number
with authority
but not
exercising
fiduciary
powers
6
2
12
3
4
1
Total
Total banking
number
authorized assets of banks
to exercise authorized to
exercise fidufiduciary
ciary powers
powers
35
4
2
26
15
32
14
1
3
49
25
1
$1, 522,718, 633
158,636,430
1,166,529,405
637,991,484
20,906,660,670
1, 530, 660,131
1,327,844,654
3,334,493
970,116, 529
2,846,910,606
1,736,885,180
330,707,047
Trust department liabilities
Trusts
Agency, escrow, custodian, and corporate accounts
$351, 755,570
3,229,153
(0
79, 732,918
2,972, 687,940
344,472, 644
755,337,005
$312,678,941
495,815
0)
32,284,888
3,000,082,447
576,209,140
541,391,269
510,761
28,775,946
38,147,889
4,101,642
112, 528, 567
6,001,546,333
958,829, 673
1,300,829,916
3154,342,996
700, 466, 891
381,068, 715
3 268,949,181
917,249, 849
534,340,809
3 1,343,399
7,113,562
3,663,153
3 424,635,576
1, 624,830,302
919,072,677
All other
liabilities
$5,045,748
11,719
0)
Total
liabilities
$669,480,259
3,1 736, 687
C)
8
W
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
Pennsylvania
Rhode Island.—.
South Carolina..
South Dakota- _.
Tennessee
Texas
;..
Utah
Vermont
Virginia
,
Washington
West Virginia
Wisconsin
Wyoming
Total
,
See footnotes at end of table.
4
115
92
35
30
51
18
17
16
60
26
19
18
25
8
11
2
21
92
8
91
19
5
48
24
2
169
2
11
7
26
110
2
14
67
12
25
31
12
1,524
4
15
130
99
50
38
56
20
18
22
74
31
26
19
32
10
21
3
31
104
11
101
22
7
51
32
3
173
2
15
9
34
125
3
16
72
12
29
37
14
7
15
8
5
2
1
6
14
5
7
1
7
2
10
1
10
12
3
10
3
2
3
8
1
4
4
2
8
15
1
2
5
4
6
2
239
7
520, 467,831
25,394,083
11,614,025,037
2,492,656,089
3,372,438,992
672, 865,791
139,297,758
1,022,810,813
117,322,351
1,054,161,045
1,080,811, 895
150,165,176
107,630,982
2,034,287,871
107, 652,282
352,939,358
373, 699, 382
1,270,417, 761
4,405,222,429
1, 292,155, 560
1,224,953, 755
4,960,700,401
533,701,415
2,355,168,826
29,224, 559
405,087,857
2,305,379,251
407,890,086
13,385, 646
270,533, 625
197,324,484
917, 675,900
4
546,038, 621
365,957,030
55,923,962
299,374, 601
566,205,088
4,500,349, 540
58,359, 203
444, 836,886
3,275, 673,188
14,058,091,983
265,251, 552
1,133, 214,393
132, 644,702
22,751,060
5,652,475,086 1, 817,139,728
272, 682, 871
1,819,165,797
2,030, 450, 660
0)
8,771,135,438 4, 610,419, 646
576,613,964
(5)
723,309,753
148, 540,346
28,422,248
311, 608,360
389,722,732
2,553,938, 646
9,667,428,848 1, 488,075,179
522,354,496
0)
182,233,827
«236,042,401
1,985,492,768
490,146.027
2,800, 656,091
547,120,967
590,502,798
115, 663,931
1,065,000,371
295, 294,195
278,913,072
21, 526,483
1,763 131,546,873,264
2, 757, 798
125,152
28,277,033
8,690,025,529 2,273,489,774 13,456,171,392
212,387,795
495, 574, 897
1,380,828,483
1,226,400
228, 848,253
88,324,095
132,900,323
1,000,494
251,223,168
69,104,809
1,460,137
220,730,122
545,990,457
1,699,300
655,320,739
142,410,150
598,584
250,660,996
362, 766,088
2, 505, 720
738,971,190
7,874,850
1, 451,220,499
2,751,250,909
9,271,318
2,065,275, 645
3,299, 500,718
8,245, 584
2,269,185,374
2, 811,132,373
252,781
3, 510,396
32,987,736
5,636,344
961,494,729
1,375,021,159
12, 421,240
537,562
26,344, 448
959,304
438,358,068
636,641,856
* 5,647, 699 •1,054,850,276
« 503,163,956
35,178,946
563,028
91,665,936
1, 390, 464, 515
8,130,926
1,964,800,529
52,353, 837
237,976
110,951,016
12,919,927,272
125,367,344 16,320,967,804
2,905, 260
358,112,547
89,955, 735
344,114
41,872,450
18,777,276
1,297,174,576
25,379,657
3,139,693,961
755, 404,931
2,975,625
1,031,063,427
1
0)
3,239,396,450
(5)
96, 687,633
16,159, 515
391,609,813
632,880, 662
25,648,347
(5)
1,116.963
202,710
4,968,542
56,231,123
6 249,946,229
1,035,028,026
347,631,195
23,945,501
412,152,310
29, 621,519
28, 879,412,639 47, 452,462,333
6 767,084
5,053,935
2,552,174
1,203,347
6,903,513
168,040
2,892,352,325
0)
0)
C)
7,875,464,443
(5)
246.344.942
44,784,473
786,301,087
2,177,186,964
O
0)
6
486,755,714
1,530,227,988
897,304,336
140,812,779
714,350,018
51,316,042
79,224,227,297
fet
TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 30,
1961—Continued
Number of accounts being administered
Location
Alabama
Alaska
Arizona
Arkansas
California
—
Colorado
Connecticut
—Delaware
District of ColumbiaFlorida
_
Georgia-.
_
Hawaii
Idaho
Illinois
Indiana..
Iowa
>
_
Kansas
,.
KentuckyLouisiana-.,.
Maine
Maryland
_
Massachusetts
Michigan
„_>Minnesota
._
Mississippi
Missouri-Montana—
Nebraska
Nevada..
N e w Hampshire
N e w Jersey
N e w Mexico
N e w York
North Carolina
North Dakota
_
Ohio.
Oklahoma
Oregon
Pennsylvania....
Khode Island
Trusts
3,758
86
Agency,
escrow, and
custodian
accounts
0)
51,847
(5)
454
11
1,490
0)
1,861
29,135
6,764
6,250
(2)
3 1,549
7,669
4,673
1,296
66,458
11,804
2,327
2,202
3,529
2,447
1,795
3,230
9,779
9,057
8,709
727
4,756
303
2,767
4 8,383
707
8,073
991
16,000
5,710
927
13,601
1,961
Corporate
trust bond
issue accounts
14, 926
2,381
2,839
(2
0)
1,590
358
311
42
W
3 49
189
155
2,490
1,306
15,883
3,472
883
2,396
899
1,614
544
1,291
4,244
4,846
6,313
87
1,985
718
2,405
4 2,472
222
3,062
1,079
12,858
513
119
3,511
1,739
0)
5,767
(5)
25
1,044
384
80
120
79
198
139
101
383
6
175
26
153
4 128
8
118
8
545
188
49
710
139
0)
'1,294
All other
accounts
1,456
519
2,347
562
358
2
)
3 112
679
1,290
18
9,552
497
62
94
258
1,650
182
449
822
1,234
515
80
2,275
11
124
4
735
22
715
135
7,197
145
11
1,936
2,752
0)
1,562
1
00
Total number of accounts
Bond and debenture issues
outstanding
where bank
acts as trustee
7,158
112
$380,706,671
981,180
0)
4,242
46, 766
10,018
9,489
(2)
3 2,594
11,027
7,424
0)
60,470
(5)
year ended
Dec. 31,1961
$2,165,000
43,000
226,796,583
3,223,777, 913
276,450, 729
118,947,370
430,000
29,731,000
3,881,000
5,189,000
3 354,430, 704
635,833,687
574,274,371
3 1,723,000
5,197,000
2, 929,000
16,531,800
1,387
92, 937 6,884, 979, 989
626,040,691
16,157
23,537,178
3,352
126,560,186
4,812
65,132,821
4,765
5,909
136,318,847
2,617
378,656,420
5,039
711,389,487
14,984
366,595, 709
15,238
353,930,945
15, 920
1,972,400
900
516,384,454
9,191
21,346,725
1,058
308,020,752
5,449
4 11, 718 4 224,521,337
2, 986, 710
959
226,889,346
11,968
4,439,000
2,213
36,600 12, 569,979, 997
207,099,980
6,556
100,722, 901
1,106
948,835, 723
19, 758
6,591
665,765,656
(0
Trust department gross
earnings for
0)
3,924,939,935
(5)
180,000
29,052,000
4,487,000
1,068,000
926,000
1,320,000
949,000
912,000
1,840,000
9,445,000
7,629,000
7,069,000
162,000
3,410,000
90,000
1,360,000
4 5,171,000
372,000
6,309,000
403,000
25,197,000
1,833,000
217,000
9,416,000
1,659,000
(0
21,306,000
(5)
1
3
South Carolina.
South Dakota..,
Tennessee...—
Texas—
,
Utah
,
Vermont..—
Virginia
,
Washington
West Virginia. .
Wisconsin—^
Wyoming
..
640
186
1,693
3,201
0)
6 2,354
8,907
6,878
3,178
5,284
661
Total
351,307
1 Included withfiguresfor the State of Nevada.
withfiguresfor the District of Columbia.
Includesfiguresfor 1 bank in Delaware.
* Includesfiguresfor 2 banks in Arizona, 2 banks in Oregon and 2 banks in Utah.
2
Included
3
55
16
459
528
383
22
1,857
4,583
3,496
1,118
9,278
22,645
71,427,585
3,853, 900
271,546,223
1,311,608,825
888,000
264, 000
2, 467,000
9, 794,000
6 841
3,253
1,737
375
1,782
1,846
2,418
894
5,269
14,333
6 22
98
99
20
517
10
6 193
310
460
18
515
7
6 3, 410
12, 568
9,174
3,591
8,098
2,524
615, 518, 560
463,333,879
127,475,221
10, 663, 701
142,302,986
1, 749,125
61,394,000
3, 882,000
3,921,000
729,000
2,220,000
136,000
11,248
48, 712
532, 386
37,934,054,865
218, 765,000
121,119
0)
0)
3
s
Included withfiguresfor the State of Vermont.
6 Includesfiguresfor 2 banks in Rhode Island.
< Includes 30 banks which have been granted only certain specificfiduciarypowers.
TABLE N O . 21.—General comparative figures of fiduciary activities
Dec. 31—
Number of
banks ex- Aggregate trust Outstanding
bonds and
ercising
department
debentures
trust
liabilities
powers
1,585
1,512
1,513
1,513
1,503
1,480
1,486
1,476
1,477
1,493
1,507
1,524
1928
1951
1952 1953
1954—.
1955
19561957
1958
1959
1960
1961
1
Includes agency accounts in 1928.
2
$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
42, 578,976, 765
46, 781, 622, 956
56, 557,883, 314
73,216,970, 685
79, 224,227,297
$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
22,044,165,180
24, 752, 735, 531
33,094,290,492
35,962,616,446
37,934,054,865
Common trust funds
Gross trust
department
earnings
$16,165,000
75,130,000
80, 627,000
85,990,000
100, 761,000
103,033,000
116,845,000
129,433,000
141, 473,000
182,016,000
200, 599,000
218, 765,000
Number
60
71
88
105
130
165
218
234
282
332
Amount
$187,392,016
213,929,020
276, 970, 954
320,954,835
382,397,189
432, 822,133
518, 734,862
685,188,235
801,681,640
950, 597, 587
Number of accounts
Trusts
i 53,853
171, 589
184,125
194,231
207,157
214, 383
231,991
248,048
270, 789
303,933
324,928
351,307
Corporate
Agency, trust,bond
and deetc.
benture
issues
9,923
78,171
72,725
77,473
82,032
74,832
79, 327
82,916
87, 593
105,977
115,255
121,119
3
Other
accounts
o
I
o
(2)
2
()
7,217
7,611
8,011
8,056
8,381
8,839
9,619
10,139
10, 725
11,248
33,893
37,370
38 396
34, 543
35,103
36,860
37,910
45,087
45,053
48, 712
5d
Thesefigureswere not developed at the time.
OO
Or
TABLE NO. 22.—National banks administering employee benefit trusts and agencies during 1961 by Federal Reserve districts
Federal Reserve districts
Boston.... .
New York
Philadelphia
Cleveland Richmond
Atlanta
Chicago
St. Louis
__
Number of
banks
___
Total for national ^hanks
Nonnational banks located in the District of Columbia
Total
Market value Number of
plans
Held as agent only
Market value Number of
plans
Amount
OO
Number of
fully insured
plans with no
bank investment responsibility
—
40
68
87
67
63
77
146
50
35
71
73
34
435
789
302
1,402
480
806
2,245
237
713
616
515
757
$534,505,041
1,209,572,834
65,717,830
1,861,988,414
118,496,128
203,081,802
2,945,266,140
43,594,329
205, 755,446
117,147,131
163,504,221
394, 718,643
165
254
218
522
352
198
675
61
123
188
225
1,080
$28,992,850
436,296,378
47,207,969
274,340,125
101,313,819
52,898,254
372,013,051
21,565,284
31,662,171
78,315,404
172,116,621
353, 531,701
80
138
39
70
30
60
313
18
22
48
73
76
$74,974,769
197,369,729
327,767,281
1,098,108,614
54,005,336
301,695,238
345,838,016
138,391,028
5,296,227
58,869,735
52,002,065
93,943,961
96
89
68
510
120
198
299
34
127
145
22
219
9,297
45
7,863,347,959
15,559,847
4,061
24
1,970,253,627
5, 716,349
967
28
2,748,261,999
171, 717,163
1,927
113
814
__
__
Kansas City
Dallas
San Francisco
Number of
plans
Investments directed by
others
811
3
_
,.
With investment responsibility
9,342
7,878,907,806
4,085
1,975,969,976
995
2,919,979,162
2,040
TABLE N O . 23.—National banks administering employee benefit trusts and agencies during 1961 by States
Location
Alabama.
Alaska
Arizona
.
Arkansas.. .
California
Colorado
Florida.--
Number of
banks
—
-_
_
_
_-
15
2
2
12
12
13
11
28
With investment responsibility
Investments directed by
others
Held as agent only
Number of
fully insured
plans with no
bank invest-,
ment responsibility
Number of
plans
Market value
Number of
plans
Market value
Number of
plans
203
$62,829,303
32
$4,932,305
17
$14,385,892
36
499
132
171
3,393,657
327,019, 798
22,642,337
88,278,516
13
930
47
55
1,102,671
314, 545, 380
10, 755,004
13,258,160
2
27
17
23
2,722,805
73,696, 579
40,666.489
11,833,420
2
151
18
40
118
51,834,114
77
29,273,226
8
13,934,903
45
0)
(J)
Amount
12
0)
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.
Pennsylvania
Ehode Island
South Carolina
Soiiith Dakota
Tennessee
—
TexasUtah
Vermont
Virginia.
Washington-_
West Virginia
Wisconsin
Wyoming
District of Columbia
283
11
-
_
_
_
_
_
_
-
Total for national banks
Nonnational banks located in the District of Columbia^.
Total.
»Included withfiguresfor the State of Oregon.
Included withfiguresfor the State of Nevada,
s Includesfiguresfor 2 banks in Arizona and 2 banks in Utah.
2
2
63
51
15
19
16
13
4
5
20
20
15
6
14
6
7
2
3
39
4
40
9
3
41
13
2
92
1
6
6
12
70
2
3
30
10
11
20
7
3
99
17
233
490
1,922, 700,256
82, 779,158
16, 595,803
5,251,857
3,482,644
13, 747,497
2,478,394
7,102,211
419, 780,206
889,231,279
202, 759,686
1, 641,851
55,648,965
384,967
10,694,350
3 21,208,212
1,340,230
15,437,356
1,808, 523
1,192,546, 589
21,164,474
1,022, 729
379,812,335
34,680,325
* 15,925,942
1, 541,442, 714
(6)
12,846,460
1,533, 797
38,954,688
157,405,492
6 51
117
122
25
192
5
83
811
3
814
1,019
427
67
56
34
49
20
38
207
603
630
18
235
15
114
3 64
14
111
27
699
120
46
897
93
472
746
56
51,474,800
C1)
C1)
0)
182
124
40
17
16
29
23
84
88
236
57
3
30
9
50
3 35
3
96
16
200
112
28
323
31
444
357
8,956,955
0)
225,084,099
33,061, 532
3,306,033
4, 509,818
9,853,272
13, 745,201
4,825,213
17,081,860
14, 705,389
63,241, 469
28,616,949
85, 523
9,431, 595
1, 548, 996
20,395,961
3 10, 376,088
253,855
19,888,479
408,632
415,682, 362
25, 566,132
845,367
175,605, 372
36,819,269
* 8, 705, 700
140,822,801
47
27
27
218
16,258,391
592,913
6,175, 750
166, 751,662
6 29,895,170
24, 762, 759
30, 564,691
1, 430,848
46,396,899
183,439
51,232,638
64
72
71
21
108
6
17
6 1, 303,609
25,696, 503
19,904, 534
3,403, 793
48, 832, 731
588,199
13,454,871
9,297
45
7,863,347,959
15, 559,847
4,061
24
1,970,253,627
5, 716, 349
9,342
7,878,907,806
4,085
1,975,969,976
15
W
2 33
25,100,174
0)
26
6
6
2
15
252, 766,841
11,461, 392
714,805
472,162
61,406
227,870,204
5
48
32
21
31, 636,918
31, 758,047
36, 318, 766
5,264,817
22
125, 778,015
4
35
2
50
1
89
1
34
5
* 14
66
573,098
3 5,101,920
141,969
324, 574,060
19,102
181,457,324
10,361
16,859,009
5, 358,846
* 6,304, 573
1,099,306,581
5
1
13
71
2,263,044
31,410
42,898,972
50,966,638
9
30
6 32,239,068
13, 549,673
8,840,888
18
44,776,488
10
967
28
995
6, 545,340
41
51
49
22
22
4
43
5
27
44
138
88
15
58
8
51
3 13
6
35
2
63
37
18
412
10
no
tr!
148
13
9
46
21
1C
45
2
49
4
26
2,748,261,999
171,717,163
1,927
113
2,919,979,162
2,040
4
Includesfiguresfor 2 banks in Alaska and 2 banks in Idaho,
s Included withfiguresfor the State of Vermont.
6
Includesfiguresfor 1 bank in Rhode Island.
OO
TABLE N O . 24.—Income, expenses, and dividends of national banks for the year ended Dec. 31, 1961
[Dollarfiguresin thousands]
Current operating revenue
N u m b e r of
banksi
Location
Interest and dividends
on securities
Interest
and
discount
on loans
Service
charges
and other
fees on
banks'
loans
Other service
charges,
Service
charges on commissions,
deposit fees, and colaccounts lection and
exchange
charges
U.S. Government obligations
Maine
New Hampshire
Vermont
_ _
M assachusetts
Rhode Island
Connecticut
___
Total New England States
New York
New Jersey
Ppnnsylvanm
Maryland
__ _
District of Columbia
Total Eastern States
Virginia.
West Virginia
North Caroling
South Carolina
Georgia
Florida..
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky. _ »
Tfinnpspp^.
Total Southern States
23
51
30
98
4
22
2,210
2,270
1,620
27,954
3,346
6,829
691
595
433
6,002
2,104
3,021
12,623
10,507
7,584
124,194
17,868
39,566
162
91
98
2,049
140
761
228
44,229
12,846
212,342
3,301
21,400
9,989
233
156
450
92,297
34,302
75,294
39,362
18,617
30,892
365,184
122,492
257,738
6,102
1,672
3,023
26,662
13,539
15,302
8,603
2,216
3,926
52
4
11,248
7,899
2,757
877
30,770
22,415
761
335
2,958
2,533
732
422
898
221,128
92,526
798,844
11,893
61,004
128
76
31
25
53
121
69
27
42
473
56
86
74
14,784
7,974
6,256
5,810
10,688
30,696
11, 571
2,991
16,957
70,253
5,071
9,684
17,471
5,297
1,416
2,040
1,494
3,218
7,308
4,762
1,538
4,376
20,034
2,544
2,412
5,387
61,273
18,082
30,485
19,131
56,047
79,783
45, 737
10,932
48,402
253,380
17,871
27,293
69,779
694
182
1,256
102
788
2,665
477
20
331
2,072
67
331
609
5,724
1,155
3,474
3,132
6,228
11,073
5,318
1,545
4,798
17,410
1,880
2,343
4,395
1,261
210,206
61,826
738,195
9,594
68,475
Other
current
operating
revenue
Total
current
operating
revenue
H
_
_
__
,..
___
_ _
_-
Other
securities
Trust
department
1,079
1,689
739
11,920
1,466
4,507
912
372
153
9,445
1,241
5,189
142
172
110
5,259
206
560
18,068
15,967
10,837
194,715
26,923
61,358
17,312
6,449
327,868
25,197
6,309
21,306
34,763
1,842
4,414
598,170
200,989
411,895
1,840
1,723
447
229
51,513
36,433
15,900
56,375
41,697
1,299,367
1,346
372
908
1,055
2,344
2,402
1,095
667
1,700
5,507
732
370
2,198
3,882
729
1,833
888
2,929
5,197
2,165
162
949
9,794
430
1,320
2,467
792
243
282
197
633
1,353
863
188
865
4,514
272
320
758
93,792
30,153
46,534
31,809
82,875
140,477
71,988
18,043
78,378
382,964
28,867
44,073
103,064
20,696
32,745
11,280
1,153,017
249
271
100
7,892
552
925
I
4
Ohio.......
Indiana
Illinois
Michigan...
o> Wisconsin. _
£ Minnesota.
Oi Iowa..
SJ Missouri. . Total Middle Western States..
North Dakota..
South Dakota..
Nebraska
Kansas..
Montana
Wyoming
Colorado
New Mexico. __
Oklahoma
Total Western States..
WashingtonOregon
California...
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States..
Total United States (exclusive of
possessions)
_
Virgin Islands of the United States. _
Total United States and possessions
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks
222
126
400
79
101
180
97
7
7
1,282
57,187
29,483
110,833
42,635
18,350
21,290
8,866
17,397
17,246
5,989
35,344
16,173
4,720
6,809
2,681
4,380
163,729
81,649
307,198
128,335
53,260
85, 816
26,387
57,777
2,001
917
4,228
1,323
686
941
194
351
14,811
7,540
18,699
10,672
3,895
7,820
2,729
3,000
3,081
1,615
6,942
3,683
1,035
4,325
873
728
9,416
4,487
29,052
7,629
2,220
7,069
1,068
3,410
2,456
1,091
4,979
1,502
870
1,038
428
743
269,927
132,771
517,275
211,952
85,036
135,108
43,226
87,786
306,041
93,342
904,151
10,641
69,166
22,282
64,351
13,107
1,483,081
38
33
121
167
43
26
80
29
200
3,721
3,782
9,204
13,115
4,098
2,894
11,472
5,056
18,335
1,242
956
2,437
4,664
1,240
602
2,071
702
5,386
10,685
13,371
33,595
31,863
12,829
9,135
45,481
15,289
58,850
152
213
79
172
360
166
743
297
634
1,368
1,534
2,951
3,918
1,735
671
928
816
711
595
501
1,047
702
1,118
217
264
1,360
926
90
136
3,881
403
1,659
159
154
353
696
165
103
693
241
701
18,215
21,202
50,795
56,065
737
71,677
19,300
231,098
2,816
25, 702
7,089
8,936
3,265
369,883
24
10
40
10
7
3
3
7
2
18,548
12,143
126,315
5,529
2,722
2,399
5,538
1,607
2,493
5,620
5,711
40,417
1,212
1,178
1,135
1,804
465
770
83,008
56,076
636,007
14,730
17,026
11,102
39,608
6,466
10,164
1,767
892
16,304
634
1,300
423
1,611
628
352
12,442
7,667
73,844
2,089
1,842
757
5,254
1,006
795
2,890
1,610
14,447
571
581
514
1,607
532
197
3,921
2,654
29, 731
180
502
689
1,326
43
1,677
1,233
15,405
184
105
185
258
87
68
129,873
87,986
952,470
25,129
25,256
17,204
57,006
10,834
14,839
106
177,294
58,312
874,187
23,911
105,696
22,949
39,046
19,202
1,320,597
4,512
1
1,030,575
144
338,152
65
3, 758,817
530
62,156
40
351,443
17
98,905
74
218, 765
95,000
39
5,953,813
909
4,513
1,030, 719
338,217
3,759,347
62,196
351,460
98,979
218,765
95,039
5,954,722
3
7
145
4,358
55,074
45,453
411,349
518,843
22,971
17,389
125,224
172,633
207,587
179,925
1,701,804
1,670,031
3,287
1,897
32,436
24,576
8,735
1,831
149,148
191, 746
5,431
3,580
42, 702
47,266
10,744
24,938
112,005
71,078
32,584
2,994
35,532
23,929
346,413
278,007
2,610,200
2,720,102
996
5,276
1,833
6,091
21,112
14,533
70,664
24, 523
92, 774
1
Number of banks as of end of year, but figures of income, expenses, etc., include those banks which were in operation a part of the year but were inactive at the close of
the year.
00
CO
TABLE NO. 24.—Income, expenses, and dividends of national banks, for the year ended Dec. 31, 1961—Continued
[Dollarfiguresin thousands]
Current operating expenses
Salaries and wages
Officers
Location
Amount
_ ._
Pennsylvania
Delaware
Maryland
_
District of Columbia
Total Eastern States
Virginia
_
West Virginia
South Carolina
-_
Florida
Mississippi
Louisiana
Texas
Arkansas
-
-
Tennessee
Total Southern States
Amount
-~_
-
1,739
1,960
1,108
16,614
1,731
6,265
208
250
149
1,486
177
566
3,100
2,592
1,571
37,461
3,964
13,577
29,417
2,836
62,265
3,314
1,673
3,684
9
544
274
98,235
36,012
62,301
37
9,283
6,587
97,329
. .
Rhode Island
Connecticut
Total New England States
New York
Number l
39,006
17,106
33,345
46
4,255
3,571
Maine
Vermont
Employees other
than officers
9,498
212, 455
9,290
3,304
5,729
3,704
7,979
13, 744
7,484
2,091
7,280
41,305
3,641
5,065
9,297
1,072
381
576
407
767
1,387
746
231
650
4,206
428
633
975
14,506
4,255
9,116
6,364
15,692
26,139
12,151
2,922
13,196
53,493
4,191
6,891
15, 955
119, 913
12,459
184,871
Number 2
Officer
and employee
benefits
(pensions,
hospitali-
zation,
social
security,
insurance,
etc.)
Fees paid
to directors and
members Interest
of execu- on time
and
tive, dissavings
count,
and other deposits
committees
Furniture
and
equipment
(depreciation,
rents,
servicing,
uncapitalized
cost etc.)
555
696
288
7,782
1,318
3,363
150
203
148
850
96
348
17,479
14,002
1,795
37,281
766
16, 569
23, 714
10, 111
16, 715
12
3,128
1,667
27, 513
6,606
13,304
5
1,479
791
1,766
1,585
3,200
9
328
226
113, 884
49,840
93, 423
126
9,262
5,324
4,096
294
1,042
189
22
31,056
11,022
17,685
11
2,376
1,802
55,347
49,698
7,114
271, 859
5,643
63, 952
4,500
1,292
2,829
2,099
4,652
7,682
3,663
903
3,684
15,106
1,386
2,273
4,890
2,753
909
1,707
1,213
3,491
4,418
2,288
435
2,421
10,416
1,006
1,484
3,276
784
366
224
202
413
872
352
187
440
2,216
329
402
429
19,401
5,688
5,648
2,241
9,700
23, 577
11,679
2,598
13,080
56,640
4,510
5,558
19, 934
149
41
99
20
231
302
103
59
194
1,745
8
46
251
3,278
1,123
2,217
1,420
4,471
6,859
2,135
898
3,836
15,191
1,396
2,542
4,225
54, 959
35, 817
7,216
180,254
3,248
49,591
25, 520
941
842
475
10,284
1,224
3,713
3,231
1,790
3,448
13,731
7,824
7,257
Interest
Net ocand
discount cupancy
on bor- expense
rowed of bank
money premises 3
20
34
6
504
54
148
1,016
869
560
9,852
1,028
3,244
Net
Other
Total
current
current current operating
operating operating earnings
expenses expenses
2,230
2,295
1,093
20,921
2,767
7,706
12,450
10,882
8,450
111, 587
19, 251
43,576
7,089
37,012
206,196
121,672
10, 443
4,956
7,725
11
966
863
61,114
21,943
49,222
31
6,026
3,909
387,113
149,364
281,247
276
34,164
23,095
211,057
51,625
130,648
91
17,349
13,338
24, 964
142,245
875, 259
424,108
2,124
594
1,105
904
2,102
4,122
1,553
491
1,298
7,222
703
973,
2,329
10, 940
3,517
5,628
4,477
11, 950
17, 765
8,748
2,834
11,346
53,127
3,899
5,621
12,020
63, 225
19, 797
31, 473
20,545
56,029
97, 798
46,493
12.515
53,091
241,355
19,683
28,582
67,716
30,567
10,356
15,061
11, 264
26, 846
42,679
25,495
5,528
25, 287
141,609
9,184
15,491
35,348
151,872
758,302
394,715
409
443
228
3,872
469
1,668
5,618
5,085
2,387
83,128
7,672
17, 782
Ohio
Indiana
. . .
Illinois
Michigan
Minnesota
_- Iowa
Missouri
_
_
Total Middle Western StatesNorth Dakota
South Dakota
. . . .
.
Nebraska
Kansas _ _
...
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
._
Washington .
...
Oregon
. . _ _
California
Idaho .
Utah
Nevada
.
Arizona
Alaska
Hawaii
-._.-._
Total Pacific States
_
Total United States (exclusive
of possessions)
~ .
Virgin Islands of the United States...
Total United States and possessions
New York City (central Reserve city).
Chicago (central Reserve city)
O t h e r R e s e r v e cities
Country banks
.
._-._.
1
2
22,064
13,110
38, 902
14,032
8,497
13,608
5,707
8,321
2,053
1,271
3,419
1,162
784
1,362
599
795
43,067
22,959
78, 844
39, 407
13, 357
22, 913
6,548
14, 660
11, 608
6,300
19, 574
10, 229
4,188
6,361
2,008
4,242
7,901
4,648
19,012
8,614
2,797
5,380
1, 416
2,937
1,409
775
2,350
678
504
706
324
510
54, 732
24,069
96,612
51, 904
19, 557
22, 293
6,841
12, 647
634
136
2,541
701
117
295
99
159
9,900
5,765
21,055
10,646
3,190
6,026
2,003
4,063
4,907
2,849
6,936
4,672
1,581
2,863
967
1,170
34, 584
16, 851
48,832
22, 579
8,690
14, 226
6,003
10, 231
179,198
91,162
315,084
153,233
58,290
88,310
29, 908
54,698
90, 729
41,609
202,191
58, 719
26, 746
46, 798
13, 318
33,088
124,241
11,445
241, 755
64, 510
52, 705
7,256
288, 655
4,682
62,648
25, 945
161, 996
969,883
513,198
2,089
2,668
7,249
7,886
2,301
1,758
7,207
2,727
12,231
243
316
742
908
264
180
755
276
1,377
2,311
2,721
7,725
7,776
3,251
2,218
12,184
4,518
12, 952
778
881
2,398
2,378
922
623
3,440
1,279
3,861
611
792
2,020
1,470
818
279
2,167
683
2,928
124
110
468
564
120
119
497
133
598
3,782
3,848
4,709
7,092
3,894
2,790
11,811
3,751
11, 943
11
6
233
95
50
23
127
3
156
606
776
2,108
2,454
829
473
3,413
1,101
3,083
380
502
1,135
1,186
472
377
1,528
674
1,791
2,083
2,336
6,384
6,706
3,193
1,428
7,751
3,430
10,356
11, 997
13 759
32,031
35,229
14,928
9,465
46,685
17,020
56,038
6,218
7 443
18, 764
20, 836
6,184
5,068
23, 979
7,503
36, 736
46,116
5,061
55, 656
16, 560
11, 768
2,733
53, 620
704
14, 843
8,045
43,667
237,152
132, 731
12,175
9,192
67, 927
2,690
1,696
1,567
5,546
1,364
1,159
1,239
1,075
7,266
260
197
201
560
102
99
25,285
15,040
175,289
3,708
3,378
2,761
11,985
2,462
2,394
6,412
3,772
40, 505
1,108
1,011
717
3,045
548
631
4 305
2,608
27,356
725
773
375
2,048
250
891
280
145
626
88
98
26
102
28
34
24,366
23,038
250,106
5,070
5,512
3,601
9,896
1,532
3,472
174
73
3,744
48
91
3
47
14
22
6,017
3,757
40,219
800
821
809
3,466
689
712
3,079
1,907
21,398
552
542
312
2,172
366
369
12, 463
7,592
87,182
2,432
2,573
1,363
6,552
1,490
1,343
88,144
63,352
673,847
16,113
15,484
10, 817
41,814
8,195
10,396
41, 729
24, 634
278,623
9,016
9,772
6,387
15,192
2,639
4,443
103,316
10, 999
242,302
57, 749
39,331
1,427
326, 593
4,216
57,290
30, 697
122, 990
928,162
392,435
520,332
61
52,298
6
999,304
189
266,604
58
203,321 \
24
27,541 1,158, 262
5
282
19,259
[264, 893
13
122,260
16
659, 782 3, 974,954
681
91
1, 978, 859
228
520,393
52,304
999,493
266, 662
203,345
27,546 1,158,544
19, 259
264,906
122, 276
659,873 3, 975,635
1, 979,087
16, 972
12, 762
192,191
298,468
1,041
779
17,440
33,044
61,203
40, 863
464, 951
432, 476
13,288
9,067
116,146
128,161
18,679
11, 409
85, 809
87, 448
54, 029
38,026
499, 012
567, 477
3,522
2,359
10,460
2,918
18, 837
8,912
105, 930
131,257
4,911
2,256
50,148
64, 961
204,098
25, 701
138, 475
21, 659
277, 315 1,689, 784
335,198 1, 943,278
142,315
139,532
920, 416
776,824
Number at end of period.
Number of full-time employees at end of period.
3 For detailedfiguressee supplemental Table No. 24-A on page 196.
244
229
3,998
23,075
TABLE NO. 24.—Income, expenses, and dividends of national banks for the year ended Dec. 81, 1961—Continued
CO
[In thousands of dollars]
to
Losses, chargeoffs, and transfers to valuation reserves
Recoveries, transfers from valuation reserves, and profits i
On loans
On securities
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
._
Profits
TransTranson secu- Recov- fers from Recov- fers from
rities
valuavaluaeries
eries
sold or
tion
tion
redeemed
reserves
reserves
._
-
_
12
59
6
170
56
35
10
95
8
43
44
25
1,463
19
14
1,605
215
83
48
52
4,922
36
196
888
595
118
14,566
2,239
2,566
98
200
123
1,115
92
543
Total Southern States
5,162
1,781
1,365
51
33
15
146
18
12
457
494
259
9,192
576
2,021
155
138
64
2,872
284
1,301
853
1,147
473
18,547
2,751
5,247
235
1,544
247
1,853
5,337
20,972
2,171
166
8,593
275
12,999
4,814
29,018
__
2,084
39
127
16,423
488
5,674
377
184
486
12,394
405
3,464
2,905
1,262
1,599
59, 760
9,302
39,719
2,075
2,161
2,082
325
272
652
19,618
2,894
23,641
69,734
7,787
19,398
6,586
1,461
4,358
__
2,957
510
25
1
412
80
15
9
172
467
3,655
993
119
1
93
159
983
486
478
589
20
111
2,756
1,106
1,076
298
98,824
15,053
50,720
21
5,138
1,564
64,338
2,276
22,997
1,147
16,272
6,405
113,435
6,438
1,501
47,136
1,684
100,781
13,780
171,320
27
9
3
15
8
6
3
61
13
128
5
172
70
673
72
10
4
4
60
55
177
1,818
66
243
564
99
112
34
18
43
209
195
49
37
1,922
216
81
32
156
16
114
_
3,189
1,499
805
948
789
4 832
4,793
371
4,963
8,431
879
1,175
3,342
33
47
78
118
998
1,231
29
241
190
242
188
201
71
1,243
518
199
201
194
1,483
45
220
826
4,386
1,896
1,167
1,052
2,120
5,616
5,328
855
6,382
15,013
1,240
2,132
5,024
296
223
79
20
118
778
174
51
438
680
104
154
292
78
43
30
16
31
63
17
14
60
543
14
93
240
1,333
364
14
41
46
376
6
374
2,429
2,836
174
704
2,299
131
162
52
11
44
569
491
53
66
3,000
286
188
128
3,124
806
961
995
3,006
5,556
3,452
963
3,315
17,365
1,521
1,115
3,349
571
105
542
243
1,633
1,227
626
306
1,589
4,746
416
418
1,207
5,533
1,703
1,678
1,326
4,878
8,569
4,766
1,761
7,897
29,170
2,515
2.672
7,515
„
36,016
520
3,746
3,047
3,251
5,631
52,211
3,407
1,242
10,996
5,181
45, 528
13,629
79,983
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
K^ntn^ky
Tennessee
5
73
212
11,756
K
Maryland
District of Columbia
19
70
12
60
All
other
Total
losses,
chargeoffs, and
transfers
to valuation
reserves
25, 577
6,924
28,369
Total New England States—
New York
New Jersey
Pennsylvania.
686
414
50
6,311
2,195
2,100
All
other
On securities
On loans
Total
recoveries,
transfers
from valu- Losses Charge- Transfers Losses Transfers to
oflfs on se- to valuation
and
on
ation
reserves
charge- valuasecuri- curities
tion
not sold reserves
and profits
offs
ties
reserves
sold
2
_
_.
Q
o
o
*4
12,071
7, 541
47, 245
3,176
5,688
4,326
1,100
3,846
40
15
627
13
12
79
166
27
3,967
2,011
6,099
963
2,692
110
73
841
284
115
334
46
13
351
45
61
811
134
4,950
363
27
15
225
10
321
905
726
1,033
311
334
506
268
17,494
10,721
59, 981
5,594
8,743
5,215
2,115
5,053
529
2,520
1,609
150
551
223
443
900
2,037
104
724
10
62
715
101
106
9,967
2,408
39. 349
4,166
497
1,065
77
1,880
512
228
4,405
40
33
484
151
95
6,164
4,649
24,132
7,119
3, 685
2,137
1,292
1,663
1,731
1,945
4,512
3,043
397
578
1,278
691
20,940
11,854
74, 731
14, 528
5,225
5,202
3,342
5,335
84, 993
979
16, 756
1,249
6,535
4,404
114, 916
6,925
3,859
59, 409
5,948
50, 841
14,175
141,157
218
128
853
2,608
322
668
2,306
677
4,153
2
3
194
14
56
11
32
1
9
35
68
201
355
13
6
77
94
292
428
87
136
90
689
8
43
277
58
73
34
13
13
321
51
367
274
65
32
352
166
204
590
302
1,853
3,447
1,299
845
2,839
934
5,068
10
19
228
361
16
31
104
24
98
14
19
157
741
147
69
85
8
87
5
841
463
503
183
869
45
895
22
47
104
695
472
213
222
69
1,281
552
845
1,816
1,102
290
277
2,542
1,829
2,712
129
94
853
918
136
185
1,531
260
572
727
1,029
3,999
4,280
1,564
958
5,353
2,235
5,645
11,933
322
672
1,899
519
1,832
17,177
891
1,327
3,804
3,125
11,965
4,678
25, 790
4,383
81
25, 585
760
266
2,681
344
60
39
715
23
34
6
154
15
8
2
2
70
353
200
143
4,647
10
7
22
925
51
67
5,708
230
41, 557
788
281
2,705
1,282
181
121
693
74
1
8,498
5
1,763
1,929
17,889
86
6
152
23
3,068
531
30,951
386
148
293
2,275
436
205
584
341
8,841
42
54
64
881
69
48
6,268
2 808
66,628
2,271
208
2,315
4,035
669
269
34,199
717
10,683
291
891
6,072
243,235
1
5,049
3
56,398
7,880
29,321
Total United States and possessions
243,236
5,052
56,398
7,880
New York City (central Reserve
city)
Chicago (central Reserve city)
Other Reserve cities
C ountry banks
20,046
31,600
97,850
93, 740
232
959
3,861
15,631
5,006
27,891
7,870
51
61
628
7,140
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
- -
Total Middle Western States.
North Dakota
South Dakota
Nebraska
_
Kansas
Montana
Wyoming
Colorado
__ _
New Mexico
Oklahoma
.
_ _ __
_
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
.
._
_
Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States.
10,645
2
11
297
1,815
6
1,904
831
54
48
28
1
4
52,853
2,888
8,582
24, 331
453
38,293
10,924
85,471
29,681
9
371, 564
13
22, 720
16,677
154, 269
16,666
260,407
17
62,000
50
532, 739
67
29, 321
29,690
371, 577
22, 720
16,677
154, 269
16,666
260,424
62,050
532,806
11,832
4,345
8,408
4,736
1,178
274
16,177
12,061
48, 738
41, 518
151,913
129,408
440
939
6,569
14, 772
381
11,992
4,304
15,159
33, 998
71,413
33,699
4
3,685
611
12,366
57,310
15,223
94,196
93,695
4,471
2,764
26,617
28,198
77,384
56,990
211,398
187,034
15
1 Not including recoveries credited to valuation reserves.
2
Not including losses charged to valuation reserves.
526
1
s
s
132
15
CO
CO
TABLE N O . 24.—Income, expenses, and dividends of national banks for the year ended Dec. 31, 1961—Continued
CO
[In thousands of dollars]
Cash dividends declared
Taxes on net income
Net income
before
related
taxes
Federal
Location
Net income
before
dividends On common
stock
State
605
42
1,117
3,454
2,771
1,342
38, 687
4,014
8,626
20,087
2,552
4,762
7,632
58, 894
30,283
42
30,325
8,519
96,982
33,104
72, 613
56, 565
13,467
38,026
7
14
2
56, 572
13,481
38,028
2,199
1,762
34,560
2.605
5,358
5,900
-
5,653
4,533
2,032
79,147
7,160
15,101
Total New England States
113, 626
47,100
171, 993
45,874
119, 647
66,492
12, 770
47,034
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsyl v ania
Delaware
M aryland
District of Columbia—
-
-
76
Total Southern States
Ohio
Indiana
21
15, 866
12, 767
_.
138,965
74
541
1
29, 420
10, 549
14, 550
10,990
24,088
39, 726
26,057
4,622
23, 772
127, 452
7,909
14,951
32, 857
12 441
4,446
6,209
4,635
10, 321
16,156
9, 313
1,371
10,081
51,050
2,408
6,183
15,041
366,943
149, 655
87,283
40,476
37, 293
15,051
54
1,260
1,017
1,260
1,017
218,738
116,347
1,218
16, 979
6,103
7,859
6,148
13, 767
23, 570
15, 526
3,251
13, 691
76, 402
5,501
8,768
17, 816
7,393
2, 365
4,238
2,604
6, 407
8,295
5,867
1,244
4, 857
36, 894
2,134
2,694
7,062
1,907
215,381
92,054
49, 990
25,425
20, 784
8,601
482
207
Percent
10.01
8.17
6.52
9.26
8.59
8.51
28,569
654, 817
8.99
62.89
40,410
19, 623
34, 585
1,230,827
339,398
1,006,853
64.72
74.31
68.28
75.20
66.32
63.39
695
18,600
1,462
3,864
Percent
68.91
68.15
77.97
57.31
71.50
71.02
4,829
3,437
4,334
3,385
105,230
71,114
116,370
102,368
2,754,302
7.94
67.36
7,393
2,365
4,238
2,604
6,407
8,305
5,867
1,244
4, 857
36, 894
2,134
2,694
7,062
9,586
3,738
3,621
3,544
7,360
15,265
9,659
2,007
8,834
39, 508
3,367
6,074
10, 754
185,095
74, 369
92,384
55, 561
154, 295
276,773
140, 328
33,370
171,006
858,252
61, 231
99, 646
192, 644
9.17
8.21
8.51
11.07
8.92
8.52
11.06
9.74
8.01
8.90
8.98
8.80
9.25
67.41
65.66
67.63
64.59
67.61
69.62
64. 58
69.36
67.74
63.02
68.18
64.85
65.70
10
92,064
123,317
2,394,954
8.99
65.77
1
20, 784
8,602
29,206
16, 823
552, 482
265,945
9.05
9.56
66.39
68.66
23
4,829
3,437
8,520
647
20,087
2,552
4,762
34,502
33,907
20,591
417,657
46,742
101, 418
2,194
1,754
7.88
9.75
7.21
6.14
8.71
9.59
23
9,163
6,822
6 703
5,945
366,223
-
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina _ _ _
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
616
On preferred
stock
Ratios
Net income
Capital Net income
after
Expenses
Total cash
before
accounts *
dividends to gross
dividends dividends
to capital income
declared
accounts
23
10
31
880
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
_ __
_
_«.
Hawaii
_
_
Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States
Total United States and possessions
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks
879
104,069
33, 252
19. 999
24, 750
7,165
18, 437
39,143
15, 457
7,171
10, 971
2,832
6,940
5,350
283,087
111, 899
133
187
3,770
3,720
9,389
12, 425
3,483
2,687
10, 276
4,069
20, 665
1,613
1,426
4,348
4,015
1, 656
1,018
5,128
1,563
7,148
187,441
49, 785
30,264
46, 811
12, 091
32, 806
83,372
16, 533
9, 434
18, 421
4,926
13, 490
831
3,640
486, 957
198, 520
6,081
6,716
16,618
20,003
5,919
4,955
21, 465
6,202
36,159
2,178
2,809
7,229
7,578
2,436
2,268
9,645
2,133
14,479
1,015
124,118
50,755
2,879
41,169
22,056
253, 552
7, 533
9,845
6,777
12,439
2,151
4,295
17, 904
7,367
104, 271
3,757
4,371
3,309
5,905
918
1,708
359, 817
1,544
60.91
72.30
68.55
65. 36
69.19
62.31
44
64,926
17,753
12, 827
13, 779
4,333
11,497
1,140,376
368,979
164,296
260, 782
90,402
200,175
111, 943
171,144
3,043, 437
9.30
65.40
2,157
2,294
5,041
8,410
1,827
1,669
5,148
2,506
13, 517
28, 667
29, 691
110, 369
123, 547
32,034
25, 396
122,828
38, 826
222,017
13.15
12. 53
8.51
10.06
10.87
10.58
8.37
10 48
9.31
65.86
64.89
63.06
62, 84
70.71
65.13
66.07
69 40
60.40
70, 484
27,915
27, 915
42, 569
733, 375
9.61
64.12
300
6
230
23, 265
12, 816
137, 586
3,281
5,269
3,468
6,234
1,227
2,357
9,390
7,282
78,957
2,451
2,141
2,081
3,823
357
980
9,390
7,282
78,957
2,451
2,141
2,081
3,823
357
980
13, 875
5,534
58, 629
830
3,128
1,387
2,411
870
1,377
208, 555
156, 571
1,306, 438
36 648
40,383
24, 594
76, 537
11, 668
27,106
11.16
8.19
10.53
8 95
13.05
14.10
8.15
10.52
8.70
67.87
72.00
70.75
64 12
61.31
62.87
73.35
75.64
70.06
149, 510
14, 804
195, 503
107, 462
107,462
88,041
1,888, 500
10.35
70.28
1,817, 684
174
734, 505
60
41,092
1,042,087
114
485,960
119
486,079
556,008
114
11, 469, 385
1,514
9.09
7.53
66.76
74.92
1, 817, 858
734, 565
41,092
1,042,201
485, 960
119
486,079
556,122
11,470, 899
9.09
66.76
113, 669
124,060
860,931
719,198
47,313
61,161
361. 811
264,280
5,757
60, 599
62, 899
476,522
442,181
39,382
26, 491
236,170
183,917
42
77
39, 382
26, 491
236, 212
183,994
21, 217
36, 408
240,310
258,187
839, 606
712,437
4,965, 496
4,953, 360
7.22
8.83
9.60
8.93
58.92
49.81
64.74
71.44
1,873
11. 695
495
205
22, 598
12,737
1
Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement fund for preferred stock
the June and December call dates in the current year and the December call date in the previous year.
9.13
9.01
12.17
9.49
7.93
9.21
39,143
15 499
7,172
10, 971
2,832
6,940
1,613
1,426
4,348
4,015
1,656
1,018
5,128
1,563
7,148
42
1
Figures are averages of amounts reported for
CO
TABLE N O . 24-A.—Occupancy expense of bank premises of national banks for the year ended Dec. SI, 1961
[Dollarfiguresin thousands]
Maintenance,
repairs,
and un- Insurance,
capitalutilities
ized
alteration (heat,
light,
costs of
bank
and
premises water),
and
etc.
Salaries and wages of building
employees
Location
Amount
Maine
New Hampshire
Vermont
Massachusetts
Number i
_ . __
NumAmount ben
Recurring
depreciation on
bank
officer
premises
and
employee and
benefits leasehold
improvements
leasehold
improvements
Building
Less
Taxes on
bank
premises
and
prem- leasehold
ises improvements
Rents
paid
on
bank
178
113
88
1,493
338
575
93
63
48
474
126
185
17
10
6
249
56
70
251
135
140
2,132
341
702
106
100
61
1,190
146
399
226
181
127
2,407
310
741
196
273
132
1,314
260
706
168
174
90
3,020
380
739
Gross Rental
Net
occu- income
occupancy from Other Total pancy
expense bank credits credits expense
premises
1,142
986
644
11,845
1,852
3,932
115
113
82
1,904
771
687
11
4
2
89
53
1
126
117
84
1,993
824
688
1,016
869
560
9,852
1,028
3,244
40
21
Total Southern States
_ _
408
3,701
2,002
3,992
2,881
4,571
20,401
3,672
160
3,832
16,569
836
189
547
5,947
2,033
3,741
4
633
370
7,379
1,983
3,145
34,935
12,443
22,271
11
3,241
2,070
117
20
149
3,879
1,421
4,586
970
75
4,976
2,118
2,856
1
340
273
3,762
1,401
4,437
2
2
4,572
2,043
2,702
2
335
312
858
255
7
13
865
268
31,056
11,022
17,685
11
2,376
1,802
176
12
47
21
_
989
3,647 1,006
1,383
469
4,636 1,751
7
10
_..
2,785
9
2
9
22
15
Total Eastern States
6
78
15
46
New York
New Jersey
Pennsylvania
Delaware
^Maryland
District of Columbia
4
2
61
Connecticut
Total New England States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Employees
other than
officers
Officers
CD
1
5
5
36
80
7
5
29
254
193
185
21
38
7,500
2,679
4,598
4
569
461
24
10, 543 3,604
1,631
15,811
9,966
12, 728
13,552
10, 564
74, 971
10,713
306
11,019
63,952
1
2
62
34
50
18
56
118
55
6
101
327
24
38
74
983
381
458
390
1,193
1,740
639
175
1,165
6,577
412
473
1,201
502
231
270
328
689
1,374
291
106
492
3,108
266
312
745
911
342
581
440
968
2,020
612
193
834
5,701
327
620
885
751
175
633
232
1,308
2,319
821
790
885
4,563
277
515
499
402
244
218
104
1,232
2,168
150
323
1,263
8,827
262
723
1,195
4,327
1,747
2,658
1,631
6,064
10,884
3,117
1,687
6,071
33, 469
1,817
3,163
5,476
1,020
622
441
211
1,574
3,838
955
784
2,232
17, 781
414
600
1,234
29
2
3
8
2
1
5
362
709
330
155
448
196
119
63
219
606
1,098
368
528
279
94
57
1,295
459
4,286 1,609
242
117
477
221
848
372
19
187
27
5
3
497
7
21
17
1,049
624
441
211
1,593
4,025
982
789
2,235
18,278
421
621
1,251
3,278
1,123
2,217
1,420
4,471
6,859
2,135
898
3,836
15,191
1,396
2,542
4,225
33
11,080 4,477
963
15,787
8,714
14,434
13, 768
17, 111
82, 111
31, 706
814
32, 520
49,591
351
526
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
_
Hawaii
Total Pacific States
Total United States (exclusive
of possessions) _
Virgin Islands of the United States..._
Total United States and possessions.
New York City (central Reserve city).
Chicago (central Reserve city)
Other Reserve cities
Country banks
* Number on payroll at end of period.
8
1
2,620
976
1,688
617
5,728 1,524
1,564
489
301
819
325
936
160
362
302
896
190
19
14,613 4,694
43
19
68
35
4
3
6
4
17
1
1
15
10
1
1
3
8
21
2
3
15
2
70
12
74
41
51
7
3
4
11
1
8
1
185
235
144
467
233
95
106
42
140
3,014
1,754
4,107
1,889
1,076
1,117
338
834
2,031
1,168
4,479
1,425
501
944
358
450
2,540
1,394
4,054
2,491
708
2,013
402
674
3,114
1,257
5,755
2,617
558
3,472
643
1,486
1,411
1,208
3,948
2,039
787
1,139
378
335
15,008
8,632
28,606
12,293
4,544
9,744
2, 523
4,823
4,969
2,844
7,208
1,495
1,322
3,396
515
642
139
23
343
152
32
322
5
118
5,108
2,867
7,551
1,647
1,354
3,718
520
760
9,900
5,765
21, 055
10,646
3,190
6,026
2,003
4,063
1,462
14,129
11,356
14,276
18, 902
11,245
86,173
22,391
1,134
23,525
62,648
69
76
222
263
95
39
259
79
520
12
21
56
31
28
5
70
15
132
206
194
679
817
241
180
608
318
1,419
76
61
373
492
150
100
365
159
871
176
211
450
547
188
138
770
199
1,127
135
146
647
438
143
34
2,723
331
1,481
164
181
452
691
405
195
672
205
550
904
954
3,144
3,601
1,406
754
6,107
1,514
6,855
287
173
995
1,125
567
274
2,593
74
3,751
11
5
41
22
10
7
101
339
21
298
178
1,036
1,147
577
281
2,694
413
3,772
606
776
2,108
2,454
829
473
3,413
1,101
3,083
4,091 1,622
370
4,662
2,647
3,806
6,078
3,515
25,239
9,839
557
10,396
14, 843
40
724
388
5,240
267
36
89
1,118
63
214
6,017
3,757
40, 219
800
821
809
3,466
689
712
135
139
472
575
251
94
878
287
1,260
195
167
568
69
48
45
111
10
42
107
57
267
7
6
13
61
3
23
1,926
1,050
6,044
344
57
142
954
102
252
967
867
9,652
84
9
53
488
151
84
1,302
529
5,163
205
70
204
1,109
199
178
960
370
16, 895
98
615
59
1,216
223
213
649
637
5,456
167
27
289
325
48
90
6,741
4,145
45, 459
1,067
857
898
4,584
752
926
684
388
4,754
267
36
89
1,054
61
214
16
4,178 1,255
544
10,871
12,355
8,959
20,649
7,688
65,429
7,547
592
8,139
57,290
936
110
47,290 16,641
5,378
64,961
1
47,040
5
58,195
3
75,830
4
54,694 354,324
1
14
85,868
1
3,563
89,431
1
264,893
13
936
110
47,290 16,641
5,378
64, 962
47, 045
58,198
75, 834
54, 695 354,338
85,869
89, 432
264,906
43
38
573
282
4
2
52
52
2,120
369
3,962
838
18, 719 5,874
22,489 9,560
625
304
2,238
2,211
4,889
1,648
23,668
34,757
2,391
2,437
20, 059
22,158
3,800
1,629
21, 738
31,031
4,398
2,428
41,226
27, 782
2,549 20,815
13,970
1,524
22, 506 150, 727
28,116 168,826
1,927
4,786
43,138
36,018
1,978
5,058
44, 827
37, 569
18,837
8,912
105, 900
131,257
756
594
1,931
162
73
138
420
26
78
486
64
2
3,563
51
272
1,689
1,551
TABLE N O . 25.—Income, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 81, 1961
[Dollar figures in thousands]
District
No. 1
Current operating revenue:
• 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 operating revenue..
Total current operating revenue.
Current operating expenses:
Salaries and wages:
OfficersEmployees other than officers.
Number of officers*
Number of employees other
than officer* a
Officer and employee benefitspensions, hospitalization, social
security, insurance, etc
Fees paid to directors and members of executive, discount, and
other committees
Interest on time and savings deposits
Interest and discount on borrowed money
Net occupancy expense of bank
premises
Furniture and equipment—depreciation, rents, servicing, uncapitaiized costs, etc
Other current operating expenses
Total current operating expenses—
Net current operating earnings-
42,295
12,178
199, 611
2,765
20,046
District
No. 2i
119,194
54, 329
468,200
8,056
District
No. 3
District
No. 4
District
No. 5
District
No. 6
47,051
19,196
176, 564
99,253
34,421
291,272
53,474
13,817
181,016
81,644
23,041
269, 658
1,450
4,008
3,318
4,594
11,195
23,148
9,708
16,439
6,301
2,727
6,645
2,631
5,089
25,909
4,798
4,821
10, 819
2,171
309,343
766,162
267,459
487,898
27.437
58,096
2,648
53,853
129, 573
4,680
22,810
40, 971
2,830
16,266
S2,S84
13,052
33,298
192,294
59,909
557,165
6,924
18,901
38,181
10, 502
31, 320
36,380
District
No. 7
District
No. 8
District
No. 9
40,625
12,329
126,397
37,144
11, 612
132,848
1,097
1,821
9,109
13,544
District
No. 10
District
No. 11
District
No. 12
Total
66,014
17,381
74,437
21, 692
177,294 1,030, 719
58,312 338,217
211, 449
270, 980
874,187 3,759,347
2,160
2,092
23,911
62,196
18,840
6,027
10. Ill
4,733
105,696
22,949
39,046
19,202
351, 460
98,979
218. 765
95,039
8,872
12, 616
4,152
40, 500
13,242
43,803
8,292
3,356
3,811
1,705
6,792
7,716
1,691
21,972
4,894
10, 530
2,983
288,337
434,905
922,129
198,429
213,168
337,383
39, 522
76,428
S,761
29, 614
49,832
8,226
42, 525
76, 596
71,609
152,390
6,151
20,812
30,150
4,236
22,979
33,323
2,461
41,389
52, 445
4,415
44, 527
57,387
4,548
103,316
242,302
10,999
520,393
999, 493
52,304
12,042
19,950
15,430
22,698
39,525
9,340
9,657
16,348
16,273
67,749
(66,662
8,281
15,276
8,814
14,116
34, 414
7,081
8,167
10,386
11,129
39,331
203,345
1,427
27, 546
408,912 1,320,597 5,954, 722
1,701
2,820
3,206
2,292
2,097
2,454
3,641
1,758
1,307
2,427
2,416
33, 623
154, 699
67, 508
97,529
47,289
70,303
185,318
31,490
37,973
45,443
60,776
326, 593 1,158, 544
725
4,383
488
1,254
519
950
3,547
321
375
720
1,761
4,216
19,259
15,532
40,154
12,548
18,862
12,145
19,965
39,570
9,663
9,001
13,757
16,419
57,290
264, 906
6,467
34, 702
14,831
79,963
4,922
31, 946
9,255
59,887
6,519
34, 263
10, 696
57, 627
15,571
94,463
4,096
24,123
4,602
23,960
6,971
39,388
7,649
56, 561
30, 697
122,990
122,276
659,873
191.335
513, 574
192, 680
320,305
191,092
295,232
600,523
129,494
141, 687
212, 926
258. 625
928,162 3, 975, 635
74, 779
167,593
97, 245
139, 673
321, 606
68, 935
71, 481
124, 457
150,287
392,435 1, 979, 087
118,008
252,588
Recoveries, transfers from valuation
reserves, and profits:
On securities:
Profits on securities sold or
redeemed—
_
_.
Recoveries
Transfers from valuation
reserves
On loans:
Recoveries
Transfers from valuation
reserves
_.
All other.
_
Total recoveries, transfers from
valuation reserves, and
profits
Losses, chargeoffs, and transfers to
valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not
sold...
Transfers to valuation reserves
On loans:
Losses and chargeoffs
Transfers to valuation reserves
Allother_._
Total losses, chargeoffs, and
transfers to valuation reserves.
Net income before related taxes
Taxes on net income:
Federal
State...
_
Total taxes on net income
Net income before dividends
Cash dividends declared:
On common stock
On preferred stock
Total cash dividends declared..
Net income after dividends
See footnotes at end of table.
11,025
235
32,360
2,093
1,532
246
4,859
146
36, 641
230
9,904
76
15,017
69
61,897
683
7,350
232
16, 917
141
9,514
1,167
572
11, 710
1,072
486
414
496
357
544
410
399
1,853
5,312
12,790
3,160
574
1,576
3,720
1,493
295
1,319
1,446
2,231
5, 557
3,327
20,203
67,806
7,710
52,094
13,118
19, 879
1,993
3,576
2,464
1,165
696
166
548
585
2,197
417
8,104
23,001
369
33,252
2,735
5,687
147
11,232
139
34,199
717
243,236
5,052
563
13,065
285
532
1,995
10,683
56,398
882
1,352
2,003
291
7,880
424
1,219
140
793
395
1,511
1,236
1,677
891
6,072
29,321
29,690
83, 584
10,696
8,212
17,140
18, 282
52, 853
371,577
1,748
4,968
1,358
323
813
728
2,888
22, 720
244
867
351
909
1,223
588
8,582
16,677
1,997
45,301
4,602
1,861
4,034
4,682
24,331
154,269
275
877
482
873
447
1,306
4,446
805
1,063
2,536
3,103
453
16, 666
12, 500
4,610
75, 624
7,876
9,639
3,309
18, 785
3.475
9,730
2,819
18,117
5,454
39,194
10,216
5,149
2,638
4,308
977
10, 950
4,645
18,135
5,107
38,293
10, 924
260,424
62,050
85. 471
532,806
27,648
111,502
16. 848
59, 747
16, 844
28. 866
104,992
14, 903
9,441
24, 201
32,343
110,563
208,892
65,641
159,940
93, 519
130, 686
300,198
64, 728
70,252
117,396
136, 226
45,994
7,304
77, 547
8,847
22, 658
1
67,116
40,101
689
52, 855
1,218
26, 265
504
27, 445
3,993
48, 499
2,924
54, 655
10
359, 817 1, 817, 858
149, 510
14, 804
734, 565
41,092
775. 657
53, 298
86,394
22, 659
67,116
40, 790
54,073
121, 920
798
122, 718
26, 769
31, 438
51,423
54, 665
164, 314
57, 265
122,498
42, 982
92, 824
52, 729
76, 613
177, 480
37, 959
38, 814
65, 973
81, 561
195, 503 1,042, 201
29,287
42
67,492
21
22,346
2
41,802
24, 679
29,057
10
68, 689
44
15,016
16,874
24, 562
38, 694
107,462
485,960
119
29,329
67, 513
22,348
41, 802
24, 679
29.067
68, 733
15,016
16, 874
24, 562
38, 694
107,462
486,079
27,936
54, 985
20,634
51,022
28,050
47, 546
108. 747
22,943
21,940
41, 411
42, 867
88,041
556,122
TABLE N O . 25.—Income, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended
Dec. 31, 1961—Continued
[Dollarfiguresin thousands]
District
No. 1
Occupancy expense of bank premises:
Salaries and wages of building
employees:
Officers
Employees other than officers.
2
Number of officers
Number of employees
than officers 2
87
4,809
10
940
1,886
376
1 006
3,416
9,758
1,869
6,199
3,735
2,692
7,651
8,870
District
No. 3
District
No. 4
District
No. 5
District
No. 6
District
No. 7
District
No. 8
District
No. 10
District
No. 9
185
4,178
16
936
47,290
110
1,487
1,713
1,255
16,641
358
342
544
5,378
4,316
6,899
10, 871
64,962
1,403
2,557
3,316
12, 355
47,045
2,792
3,940
3,352
6,062
5,979
4,790
8,959
20, 649
58,198
75, 834
136
3,956
17
117
9,484
11
29
1,740
7
1,976
1,142
1,534
2,769
779
576
221
367
923
205
3,202
5,365
3,222
5,528
8,423
1,963
1,999
1,843
3,648
1,963
3,375
7,314
1,203
4,283
4,430
3,254
2,806
7
274
2,894
2,594
4,921
6,222
8,256
10,401
2,122
2,378
Total
80
4,532
8
50
2, 457
6
1,018
District
No. 12
69
3,953
11
72
5,570
9
32
2,346
District
No. 11
18
1,652
2
642
186
Less: Rental income from bank
preiT! ises
Other credits
Total credits
_
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
_
_
4,379
6,668
2,031
3,129
1,564
5,374
7,542
2,033
2,077
2,837
9,373
7,688
54, 695
19,141
Gross occupancy expense
61
2,613
6
other
Building officer and employee
benefits
Recurring depreciation on bank
premises and leasehold improvements _ .
Maintenance, repairs, and uncapitalized alteration costs of
bank premises and leasehold
improvements
Insurance, utilities (heat, light,
and water), et^
Rents paid on bank premises
Taxes on bank premises and
leasehold improvements..
Net occupancy expense
District
No. 2 i
45,048
15,216
27,073
15,537
29, 879
52, 460
11, 673
14,067
23, 504
35,311
65, 429
354,338
3,449
160
4,774
120
2,506
162
8,068
143
3,341
51
9,657
257
12,347
543
1,972
38
4,715
351
9,103
644
18,390
502
7,547
592
85, 869
3, 563
3,609
4,894
2,668
8,211
3,392
9,914
12, 890
2,010
5,066
9,747
18, 892
8,139
89, 432
15, 532
40,154
12, 548
18, 862
12,145
19, 965
39, 570
9,663
9,001
13, 757
16, 419
57,290
264,906
38
1,863
484
4,705
1,917
143
3,080
13
1,492
21
3,557
938
7,600
133
1,114
14
1,371
39
3,847
1,711
6,012
2,013
7,915
5,552
44,473
122
7,523
849
25, 336
99
6,106
1,593
9,867
88
6,706
284
12,370
4, 358
18.925
183
3,179
11
3, 835
469
8,999
21
16, 510
3, 762
28, 743
11,839
148,099
226
Number of banks 2 __ ,
.
3, 454, 695
Loans, gross
1, 908, 520
Securities
166, 787
Capital stock (par value)
630,009
Capital accounts
Ratios:
To gross income:
percent
Interest and dividends on
17.61
securities
Interest and discount on
64.53
loans
Service charges on deposit
6.48
accounts
11.38
Ail other current revenue
100.00
Total gross income
28.20
Salaries, wages, and fees 3
Interest on time and savings
10.87
deposits
All other current expenses
22.78
61.85
Total current expenses
38.15
Net current earnings
To gross loans: Interest and dis5.78
count on loans
To securities: Interest and divi2.85
dends on securities
To capital stock (par value):
70.75
Net current earnings
34.33
Net income before dividends.
17.58
Cash dividends.
To capital accounts:
18.73
Net current earnings...
9.09
Net income before dividends.
4.66
Cash dividends
328
417
377
309
350
593
320
348
622
517
106
4,513
8, 715,362 3,085. 822 5,392,030 3,147, 522 4, 493,909 10,442, 421 2, 256, 885 2, 250.154 3, 667, 952 4, 882, 411 14,389, 637 66,178, 800
5, 804,054 2, 230; 749 4, 352, 315 2, 324, 572 3, 455, 612 8,477, 237 1, 772,927 1, 578,168 2,776,499 3, 292,163 8,143, 366 46,116,182
478, 795 150, 971 314, 276
154, 731 260,033
121,005
117, 982 210, 666 331, 580 560, 964 3, 466,166
598,376
1, 504, 822 572, 596 1,126, 300 578,141
710,922
436, 789 386,149
914, 215 1, 888, 500 11,470, 899
845,120 1, 877,336
percent
percent
percent
percent
percent
percent
percent
percent
percent
percent
percent
percent
22.65
24. 77
27.40
23.34
24.07
27.35
26.69
22.87
24.72
23.51
17.84
22.99
61.11
66.01
59.70
62.78
62.00
60.42
63.70
62.32
62.67
66.27
66.20
63.13
4.98
11.26
4.19
5.03
4.74
8.16
6.55
7.33
6.98
6.95
4.59
5.02
4.61
5.61
8.00
7.96
100.00
100. 00
100.00
100. 00
100.00
6.36
8.45
100.00
6.51
6.10
100.00
4.39
7.84
100.00
100.00
100.00
100.00
5.90
7.98
100.00
24.31
25.05
24.23
28.28
27.95
24.68
26.57
27.03
28.53
25.52
26.28
25.99
20.19
22.53
25.24
21.75
19.99
21.43
16.40
21.59
16.17
23.76
20.10
20.34
15.87
22.82
17.81
21.63
13.47
21.11
24.73
19.27
19.45
21.32
70.28
66.76
29.72
33.24
67.03
72.04
65.65
66.27
67.88
65.12
65. 26
66.47
63.11
14.86
22.87
63.25
32.97
27.96
34.35
33. 73
32.12
34. 88
34.74
33.53
36.89
36.75
5.37
5.72
5.40
5.75
6.00
5.34
5.60
5.90
5.76
5.55
6.08
2.97
3.07
2.89
3.03
2.98
2.99
3.09
3.00
2.92
2.89
2.97
52.75
25.58
14.10
49. 53
28.47
14.80
62.85
34.08
15.95
53.71
29.46
11.18
53.75
29.66
11.49
56.97
31.37
12,41
60.59
32.90
14.30
59.08
31.32
11.66
45.32
24.60
11.67
69.96
34.85
19.16
57.10
30.07
14.02
16.79
8.14
4.49
13.06
7.51
3.90
53.33
29. 54
13.30
14.88
8.24
3.71
16.82
9.12
4.27
16.53
9.07
3.44
17.13
9.45
3.66
15.78
8.69
3.44
18.51
10.05
4.37
17.51
9.28
3.45
16.44
8.92
4.23
20.78
10.35
5.69
17.25
9.09
4.24
1 Includes 1 member bank in the Virgin Islands of the United States.
2 Number at end of year. Remainingfiguresinclude earnings, expenses, etc., of those banks which were in operation a part of the year but were inactive at the close of the
year.
3 Exclusive of building employees.
NOTE.—The figures of loans, securities, capital stock, and capital accounts 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.
§
5.68
2.99
§
a
1
o
TABLE N O . 26.—Income, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1961
to
3
TOTAL UNITED STATES AND POSSESSIONS
[Dollarfiguresin thousands]
Banks operating throughout entire year with deposits on Dec. 31, 1961, of—
Less than $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
to
to
to
to
to
to
or more
$500,000
to
to
to
$750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
Number of banks
Total deposits
Capital stock (par value) _
Capital accounts
Current operating revenue:
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 operating revenue
Total current operating revenueCurrent operating expenses:
Salaries and wages:
Officers
Employees other than officers..
Number of officers 1
Number of employees other than
officers 1
Officer and employee benefits—
pensions, hospitalization, social
security, insurance, e t c . . Fees paid to directors and members
of executive, discount, and other
committees
Interest on time a n d savings deposits
1,368
1,115
859
285
658,694 4, 683,959 7,883, 418 13,207, 776
21, 502 129,329
196,202
326, 640
82,963
503,255
746, 437 1.151, 446
9,924,414
259,116
821, 528
143
150
37
4,479
7
36
54
3,024
205
521
22, 823
965
3,063
48,274
1,790
6,931
23
1
111
222
31
701
504
112
1,474
7,449
1,700
18,614
48,314
14,691
130,869
74,884
26, 446
216, 764
121, 736
40,305
364,294
88,650
27,023
270,052
87,222
26,925
265,096
229, 512
70,018
860,876
365,476
129,375
1,609,810
1,023,992
336,627
3,738,661
1
3
5
58
5
131
116
1,598
778
12,934
2,090
24,160
4,967
47,244
3,882
32,629
3,807
28,485
15,229
76, 606
30,858
125,578
61,738
349,426
6
36
60
4
8
20
264
736
47
4,145
420
1,840
6,592
1,512
3,059
10,669
8,408
5,878
6,808
12,223
3,970
6,518
25,800
3,759
21,108
61,821
13,679
41,836
106,895
62,013
98,514
217.126
94,494
149
1,061
2,306
30, 524
213,991
355, 507
603, 501
445, 237
447,612
1,348,849
2,471,841
5, 920. 578
47
354
569
82
91
198
137
6,580
3,010
1,202
36,224
25, 534
5,271
47, 678
48, 719
6,981
68,623
94, 680
7,370
45, 727
74,121
4,397
41,803
73,386
3,811
112,152
245,317
9,670
157,455
428, 245
14,205
517.212
993,307
52,153
7
44
104
1,186
8,736
15,428
28,916
21,993
21,246
66,617
101,423
265,700
2
20
37
596
4,868
9,171
18,138
14,644
15, 827
49,156
89,740
202,199
3
15
22
51
648
4,212
5,067
5,853
2,862
4,022
2,303
75
343
5,346
43,680
77,963
130,868
94, 547
221,156
491,631
15
18
425
Total
10,162, 938 32, 556, 579 55,988,110 135,140,009
832,846
1, 519,817 3, 560, 562
272,150
4,996,353 11,842.144
856, 576 2, 673,071
2,327
86,648
27,370
1,152,272
8
Interest and discount on borrowed
money
Net occupancy expense of bank
premises
Furniture and equipment—depreciation, rents, servicing, uncapitalized costs, etc .
____
Other current operating expenses...
Total current operating expenses.
Net current operating earnings..
Recoveries, transfers from valuation
reserves, and profits:
On securities:
Profits on securities sold or
redeemed
Recoveries
Transfers from valuation reserves
On loans:
Recoveries.
Transfers from valuation reserves
All other
Total recoveries, transfers from
valuation reserves, and profitsLosses, chargeoffs, and transfers to
valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not
sold
Transfers to valuation reserves.
On loans:
Losses and chargeoffs
Transfers to valuation reserves
All other . . .
_
Total losses, chargeoffs, and
transfers to valuation reserves. _
Net 'income before related taxes
1
1
2
21
120
205
481
414
722
3,738
13,461
19,166
10
64
99
1,328
9,636
16, 507
30,140
21, 711
20,279
60,041
103,180
262,995
2
21
18
142
40
294
558
3,687
4,818
25, 588
7,815
43, 482
14, 512
75, 263
10, 617
54, 683
9,892
63,140
29, 600
161, 007
43, 791
228,381
121,663
655, 688
116
778
1,633
21, 774
154, 680
256, 607
438, 558
319. 326
314, 024
886,189
1, 558,187
3,951, 872
33
283
673
8,750
59, 311
98, 900
164, 943
125, 911
133,588
462, 660
913, 654
1, 968, 706
2
11
3
215
43
3,009
234
8,676
311
19, 742
600
17, 894
184
22,026
437
56,358
2,276
114,242
954
242,175
5,042
185
575
1,625
1,256
2,153
8,241
42,362
56, 397
14
26
85
592
2,129
1,636
1,666
702
200
310
395
7,755
1
1
1
21
78
270
243
613
558
1,528
1,040
2,212
618
1,880
1,657
1,302
3,801
7,009
21,325
14, 637
29, 321
29, 474
15
29
121
1,198
6,413
13, 284
26, 885
22, 534
27, 775
77, 995
193,915
370,164
8
O
3
60
43
8
4
4
148
1,023
2,157
3,147
2,174
1,797
6,312
5,524
22,288
3
2
95
2
552
336
1,128
1,582
1,295
5,382
578
4,010
442
7,257
1,122
31,324
11,350
104,301
160
13
5
979
435
393
3,758
5,370
2,160
2,539
10,373
4,520
2,680
21, 591
6,056
837
15,926
3,845
1,226
16, 549
4,479
93
47,088
13, 644
3,850
142,315
25, 818
16,168
259,668
60, 984
§
16, 565
154,194
63
57
185
2,052
13,199
22,299
40,151
27, 370
31, 750
99, 583
293,158
529, 867
-15
255
609
7,896
52, 525
89, 885
151.677
121, 075
129,613
441, 072
814,411
o
1, 809, 003
See footnote at end of table.
to
o
CO
TABLE N O . 26.—Income, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1961—Continued
TOTAL UNITED STATES AND POSSESSIONS
[Dollarfiguresin thousands]
Banks operating throughout entire year with deposits on Dec. 31,1961, of—
Less than $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
to
or more
to
$500,000
to
to
to
to
to
to
to
$750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
Taxes on net income:
Federal__ _ .
State
..
10
1
Net income before dividends
Cash dividends declared:
On common stock...
On preferred stock
160
12
2,206
90
15,356
904
28,720
1.358
11
Total taxes on net income
75
1
76
172
2,296
. 16,260
30,078
179
-26
55,122
2,484
57.606
346,209
24,398
730,554
40,943
46,084
1,508
50,474
1,701
186,138
8,486
47,592
52.175
194,624
370,607
771,497
1,037,506
5,600
437
Total
. 36,265
59,'8O7
94.071
73.483
77,438
246,448
443,804
16
•
_
Total cash dividends declared
Net income after dividends..
Occupancy expense of bank premises:
Salaries and wages:
Officers
Employees other than officers._
Number of officers l
Number of employees othe'r than
officer)} *
Building officer and employee
benefits
Recurring depreciation on bank
premises and leasehold improvements
Maintenance repairs, and uneapitalized alteration costs of bank
premises and leasehold improvements
Insurance, utilities (heat, light, and
water), etc
_
"
85
193
2,383
14,421
6
22,873
3
37,270
15
28,695
43
31,550
10
105,256
241,234
16
85
193
2,383
14,427
22,876
37,285
28. 738
31,560
' 105,256
241,234
483,976
77
484, 053
-42
94
244
3,217
21,838
36,931
56,786
44,745
45,878
14L, 192
202,570
553,453
1
2
7
1
'6
23
_
2
7
5
101
2
188
1,091
6
2,125
4
- 21
4,684
8
4,562
8
4,097
12
14,883
36
967
1, U5
1,953
1,741
1,604
3
-
49
• 147
359
450
405
2,570
4,438
8,027
6,071
4,966
43
73
373
404
928
15,557
34
47,110
110
4,994
3,996
16,618
1,630
2,319
5,362
16,056
22,250
64,648
9
16
244
1
15
20
268
1,658
2,752
4,929
3,819
3,491
10,315
19,578
46,846
4
22
44
503
2,957 .
4,307
6,932
4,988
4,598
15,329
18,117
57,801
1
Hi
tr1
Rents paid on bank premises
Taxes on bank premises and leasehold improvements
Gross occupancy expense
Less: Rental income from bank
premises
Other credits
Total credits
Net occupancy expense..
,
Memoranda items:
Recoveries credited to valuation
resarves (not included in recoveries above):
On securities
On loans '
Losses charged to valuation reserves
(not included in losses above) :
On securities
On loans
Average per bank:
Gross current operating revenue
Current operating expenses
N e t current operating earnings". __•_
N e t income before dividends
Per $100 of deposits:
N e t current operating earnings
N e t income before dividends
Per $100 of capital accounts:
N e t current operating e a r n i n g s . - ^ - .
N e t income before dividends
Cash dividends
74,934
1
5
76
790
1,747
5,367
4,816
6,325
22,874
32,933
3
19
20
322
2,015
3,526
6,387
5,205
4,729
15,996
16,272
54,494
10
68
112
1,519
11,137
19,047
36,706
29,954
28,684
97,456
127.430
352,123
3
1
13
179
12
1,431
70
2,423
117
6,300
266
8,027
216
8,080
325
36,139
1,276
22,971
1,279
85, 566
3,562
4
13
191
1,501
2,540
6,566
8,243
8,405
37,415
24,250
89,128
64
99
1,328
9,636
16,507
30,140
21,711
20,279
60,041
103,180
262,995
2
7
264
62
2,072
84
4,122
53
6,910
22
4,092
188
4,130
2,232
8,853
2,911
13,944
5,552
44,396
\b
9
379
30
4,522
166
8, 718
292
15,805
149
10,077
748
11,970
2,001
32,594
8,443
63,803
11,829
147, 892
21
16
5
-4
30
22
8
5
43
30
13
8
•72
51
21
13
156
113
43
27
319
230
89
54
703
511
192
110
1,562
1,120
442
258
3,130
2,196
934
542
8,992
5,903
3,084
1,643
66,806
42,113
24,693
11.995
1,322
882
440
232
1.09
-.86
1.24
.78
1.39
.91
1.33
.85
1.27
.77
1.25
.76
1.25
.71
1.27
.74
1.31
.76
1.42
.76
1.63
.79
1.46
.77
6.33
-4.99
3.07
9.24
5.84
2.78
9.71
6.31
2.78
10.55
6.75
2,87
11. 79
7.21
2.87
13.25
8.01
3.06
14.32
8.17
3.24
15.33
8.94
3.50
15.60
9.04
3.68
17.31
9.22
3.94
18.29
8.88
4.83
16.62
8.76
4.09
10
-
O
8
O
IT1
* Number at end of year.
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.
to
o
Oi
206
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 27.—Income, expenses, and dividends of national banks, year ended
Dec. 81,1961
[Dollarfiguresin thousands]
1961
Number of banks i
Capital stock, par value 2.
Capital accounts 2
4,513
$3,466,166
$11,470,899
Amount
Current operating revenue:
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 operating revenue
5.12
203, 345
27, 546
1,158, 544
19,259
264, 906
29.14
.48
6.66
122,276
659,873
3.08
16.60
100.00
.69
1,979,087
243,236
5,052
56,398
65.46
1.36
15.18
7,880
29,321
29, 690.
Total recoveries, transfers from valuation reserves, and profits.
—
-
Total losses, chargeoffs, and transfers to valuation reserves..
13.09
25.14
3,975, 635
Total current operating expenses.
Net current operating earnings
Recoveries, transfers from valuation reserves, and profits:
On securities:
Profits on securities sold or redeemed
Recoveries
_
_
Transfers from valuation reserves
On loans:
Recoveries
_
Transfers from valuation reserves
Allother...
See footnotes at end of table.
100.00
, 4
266,662
Officer and employee benefits—pensions, hospitalization, social security,
insurance, etc
Fees paid to directors and members of executive, discount, and other committees
Interest on time and savings deposits
Interest and discount on borrowed money
Net occupancy expense of bank premises
Furniture and equipment—depreciation, rents, servicing, uncapitalized costs,
etc
Other current operating expenses. __
Net income before related taxes
17.31
5.68
63.13
1.05
5.90
1.66
3.67
1.60
520,393
999,493
Number of officers 1
Number of employees other than officers i
$1,030, 719
338,217
3,759,347
62,196
351,460
98,979
218, 765
95,039
5, 954, 722
Total current operating revenue
Current operating expenses:
Salaries and wages:
Officers
__
Employees other than officers..
Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not sold
_
Transfers to valuation reserves
On loans:
Losses and chargeoffs
Transfers to valuation reserves.
Allother
Percent
to total
2.12
7.89
7.99
371, 577
100.00
22, 720
16, 677
154,269
4.26
3.13
28.95
16, 666
260, 424
62,050
3.13
48.88
11.65
532,806
100.00
1,817,858
207
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 27.—Income, expenses, and dividends of national banks, year ended
Dec. 31,1961—Continued
[Dollar figures in thousands]
1961
Amount
Taxes on net income:
Federal..
State
$734,565
41,092
775,657
Total taxes on net income
1,042,201
Net income before dividends.
Cash dividends declared:
On common stock
On preferred stock
_
_ _
486,079
Total cash dividends declared
556,122
Occupancy expense of bank premises:
Salaries and wages:
Officers
Employees other than officers
936
_
~~~
.26
47,290
_
Number of officers J
Number of employees other than officers l
13.35
HlQ
16,641
Gross occupancy expense
Less: Rental income from bank premises
Other credits
Total credits
Net occupancy expense
_
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 s t o c k ) . . .
_
_
_
47,045
58,198
75,834
54, 695
13.28
16.42
21.40
15.44
100.00
24.23
1.01
89,432
Rents paid on bank premises
__
_ _
Taxes on bank premises and leasehold improvements
1.52
18.33
85,869
3,563
Insurance, utilities (heat, light, and water), etc
5,378
64,962
354,338
Building officer and employee benefits
Recurring depreciation on bank premises and leasehold improvements
Maintenance, repairs, and uncapitalized alteration costs of bank premises and
leasehold improvements
25.24
264,906
74.76
5,552
44,473
11,839
148,099
165,590
Percent
25.99
19.45
21.32
_
66.76
Total current expenses
33.24
Net current earnings
Ratio of cash dividends to capital stock (par value)
Ratio of cash dividends to capital accounts
T
485,960
119
Net income after dividends
Ratios to gross income:
Salaries, wages, a n d fees 3
Interest on time and savings deposits
All other current expenses
Percent
to total
_
14.02
4.24
1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which were
in 2operation a part of the year but were inactive at the close of the year.
Figures are averages of amounts reported for the June and December call dates in the current year and
the December call date in the previous year.
3
Exclusive of building employees.
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; 1954, p. 142; 1957, p. 152; and
1960, p. 217.
TABLE N O . 28.—Number of national banks, capital stock, capital funds, net profits, dividends, and ratios, years ended Dec. 31, 1930-61
Capital stock (par value) 1
Number
of banks
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
1957
1958
1959
1960
1961
—
_
_
.._
_
_
._.
_~
--.
_-.
—
___
_._
_
_
_
—
_
—
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
4,627
4,585
4,542
4,530
4,513
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
3,786
3,332
3,225
2,050
2,040
1
Common
Total
$1,724,028 $1, 724,028 $3,919,950
1,680, 780 1,680, 780 3,753,412
1, 597,037 3,323,536
1,597,037
1,507, 834 1,600,303 2,981,678
1,359, 573 1, 709,043 2, 982.008
1,791,324 3,084,092
1,280,813
1, 706,528 3,143,029
1,259,027
1,285, 946 1, 591, 788 3, 206,194
1,310, 243 1, 577, 738 3, 281,819
1,320, 446 1,561, 521 3,380, 749
1, 532,315 3, 463, 862
1,328,071
1, 523,454 3,596, 865
1,341.398
1, 511,123 3,684,882
1,354,384
1,372, 457 1, 508,170 3,860. 443
1,440, 519 1, 551,116 4,114, 972
1,616, 884 4, 467, 718
1,536,212
1, 699,833 4,893,038
1,646,631
1, 769,205 5,293,267
1,736,676
1, 779, 362 1,804,490 5, 545, 993
1, 863,373 1, 884,352 5,811,044
1,949, 898 1, 965, 977 6,152, 799
2,058,050
2,046,018
2,177,888 6, 506,378
2,171,026
2,263, 746 6,875,134
2,258,234
7,235, 820
2,386,226
2,381,429
2, 460,621 7,739,553
2, 456,454
7,924,
2, 558, 111 2, 562,055 8, 220, 719
620
2, 716,931 8. 769,839
2, 713,145
2, 875,117 9,412, 557
2,871, 785
3,066,632 10,003,852
3,063,407
3,259,258
3,257,208
3,466,166 10,695,539
3,464,126
11,470,899
Averages of amounts from reports of condition made in each year.
2 Deficit.
3 Licensed banks, i.e., those operating on an unrestricted basis.
Ratios
Cash dividends
Capital
accounts i
Net profits before
dividends
$158,411
2
54,550
2164,737
2 286,116
2 153,451
158,491
313.826
228,021
198,649
251,576
241,465
269.295
243,343
350,457
411,844
490,133
494,898
452,983
423, 757
474,881
537,610
506,695
561,481
573,287
741,065
643,149
647,141
729, 857
889,120
800,311
1,046,419
1,042,201
On
preferred
stock
$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
171
169
165
99
119
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
363,699
392, 822
422, 703
450,830
485,960
to
o
00
[Dollar figures in thousands. Figures for previous years published in report for 1938, p. 115]
Cash divi- Cash diviNet profits before dividends on dends on Total cash
dends
preferred
common dividends
stock to
stock to to capital
preferred
accounts To capital To capital
common
capital
stock
capital
accounts
Percent
0.60
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
4.52
5.07
5.12
4.83
5.83
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
13.41
13.68
13.80
13.84
14.03
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
4.15
4.18
4.23
4.22
4.24
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
26.86
30.92
26.10
32.11
30.07
Percent
4.04
2 1.45
2 4.96
2 9.60
2 5.15
5.14
9.98
7.11
6.05
7.44
6.97
7.49
6.60
9.08
10.01
10.97
10.11
8.56
7.64
8.17
8.74
7.79
8.17
7.92
9.58
8.12
7.87
8.32
9.45
8.00
9.78
9.09
O
3
o
o
o
I
REPORT OF THE COMPTROLLER OF THE CURRENCY
209
TABLE N O . 29.—Total loans of national banks, losses and recoveries on loans,
and ratio of net losses or recoveries to loans, by calendar years, 1942-61
[Dollar figures in thousands]
Total loans
end of year
Year
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
__
_
—
__
.-
1961
Average for 1942-61
_
Net losses
Ratio of
Losses and Recoveries or recover- losses (or rechargeofis
ies (+)
coveries + )
to loans
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
50, 502, 277
52, 796,224
59, 961, 989
63,693,668
67,308, 734
43,134
43,101
41,039
29,652
44, 520
73, 542
i 50, 482
i 59, 482
i 45,970
i 53, 940
i 52,322
i 68, 533
i 67,198
i 68,951
1
78,355
i 74, 437
1 88,378
i 80, 507
i 181,683
i 161, 765
34, 699, 045
70, 500
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
2
39, 009
2
50,205
2 54, 740
2 51, 506
2
52, 353
2,475
+9,799
+9,309
+ 7 , 740
3,207
29,913
19,349
33,199
14,445
22,108
19, 326
32, 201
25,674
29,478
41,006
35, 428
38,173
25,767
130,177
112,412
41,125
29,375
Percent
0.02
+.10
+.08
+.06
.02
.14
.08
.14
.05
.07
.05
.08
.06
.07
.08
.07
.07
.04
.20
.17
.08
1
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.
2
TABLE NO. 30.—Total securities of national banks, losses and recoveries on securities
and ratio of net losses or recoveries to securities, by calendar years, 1942-61
[Dollar figures in thousands]
Net losses
Ratio of
Total securities Losses and Recoveries or recover- losses (or reend of year
chargeoffs
ies (+) coveries + )
to securities
Year
Percent
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
_ _ _
_ _
_
—
___
Average for 1942-61
1
__
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
40, 981, 709
46, 788,224
42,652, 855
43, 852,194
49, 093, 539
73,253
66, 008
67, 574
74, 627
74, 620
69, 785
i 55,369
i 23, 595
i 26,825
i 57, 546
i 76, 524
i 119,124
i 49, 469
i 152,858
i 238,997
i 151,152
i 67, 455
* 483, 526
i 154,372
i 51,236
36,170
59, 652
50,302
54,153
33,816
25, 571
2 25,264
2 7, 516
211, 509
2 6, 712
2 9, 259
2
8,325
2 9,286
2 15, 758
213, 027
2
5,806
212, 402
2
18,344
2
21,198
2 10,604
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
145,346
55,053
465,182
133,174
40,632
.13
.02
.04
.04
.09
.10
.07
.04
.04
.12
.15
.25
.08
.32
.56
.35
.12
1.09
.30
.08
43,647,006
106, 695
21, 733
84,962
.19
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p.JlOO.
2
210
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 31.—Foreign branches of American national banks, Dec. 30, 19611
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, SAN FRANCISCO, CALIF.:
Argentina:
Buenos Aires.
England:
London.
London (West End).
Guam:
Agana.
Japan:
Kobe.
Osaka.
Tokyo.
Yokohama.
Nigeria:
Lagos.
Okinawa:
Naha.
Pakistan:
Karachi.
Philippines:
Manila.
Thailand:
Bangkok.
Truk Islands:
Moen.
FIRST NATIONAL BANK OF BOSTON, MASS.:
Argentina:
Avellaneda.
Buenos Aires.
Buenos Aires (Alsina).
Buenos Aires (Constitucion).
Buenos Aires (Once).
Rosario.
Brazil:
Campinas.
Rio de Janeiro.
Santos.
Sao Paulo.
FIRST NATIONAL CITY BANK OF NEW YORK, N.Y.:
Argentina:
Buenos Aires.
Buenos Aires (Belgrano).
Buenos Aires (Flores).
Buenos Aires (Plaza Once).
Cordoba.
Lomas de Zamora
Mendoza.
Rosario.
Bahamas:
Nassau.
Brazil:
Belo Horizonte.
Brasilia.
Campinas.
Curitiba.
Porto Alegre.
Recife.
Rio de Janeiro.
Salvador.
Santos.
Sao Paulo (Avenida Ipiranga).
Sao Paulo (Praca Antonio Prado).
Canal Zone:
Balboa.
Chile:
Santiago.
Valparaiso.
Colombia:
Barranquilla.
Bogota.
Call.
Medellin.
Ecuador:
Guayaquil.
England:
London.
London (Berkeley Square Branch).
FIRST NATIONAL CITY BANK OF NEW YORK,
N. Y.—Continued
France:
Paris.
Germany:
Frankfurt am Main.
Hone Kong:
Hong Kong.
India:
Bombay.
Calcutta.
Jamaica:
Kingston.
Japan:
Nagoya.
Osaka.
Tokyo.
Yokohama,
Lebanon:
Beirut.
Malaya:
Kuaja Lumpur.
Mexico:
Mexico City (Isabella Catolica).
Mexico City (Parque San Martin).
Mexico City (Paseo de la Reforma),
Mexico City (Republica).
Pakistan:
Karachi.
Panama:
Colon.
Panama City.
Panama City (Hotel El Panama Hilton).
Panama City (La Exposicion).
Paraguay:
Asuncion.
Asuncion (Peru Esquina Pettirossi).
Peru:
Lima
Philippines:
Cebu City.
Clark Field.
Manila.
Manila (Port Area Branch).
Puerto Rico:
Arecibo.
Bayamon.
Caguas.
Mayaguez.
Mayaguez (Plaza de Colon).
Ponce.
San Juan.
San Juan (Hato Rey).
San Juan (New Port Area).
San Juan (Rio Piedras).
San Juan (Santurce).
Saudi Arabia:
Jeddah.
Singapore:
Singapore (Raffles Quay).
Singapore (Orchard Road).
Uruguay:
Montevideo.
Montevideo (Pocitos).
Venezuela:
Caracas.
Caracas (Miranda).
Maracaibo.
Valencia.
VIRGIN ISLANDS NATIONAL BANK, CHARLOTTE
AMALIE, ST. THOMAS, VIRGIN ISLANDS:
British Virgin Islands:
Road Town (Tortola Island).
i Excludes banking facilities at military establishments.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec. 30,
1961, appears in the following table.
REPORT OF THE COMPTROLLER OF THE CURRENCY
211
TABLE NO. 32.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 80, 1961l
[Dollar figures in thousands]
Number of branches.
103
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
$954, 918
47,243
28, 208
199, 868
273, 345
22, 136
233, 798
21, 410
1, 780, 926
LIABILITIES
Demand deposits of individuals, partnerships, and corporations
604, 917
Time and savings deposits of individuals, partnerships, and
corporations
480, 283
Deposits of U.S. Government
132, 296
State and municipal deposits
23, 829
Deposits of banks
253, 521
1
Other deposits (certified and officers checks, etc.)
15, 986
Total deposits
1, 510, 832
Due to head office and branches
^
7, 547
Rediscounts and other liabilities for borrowed money
792
Acceptances executed by or for account of reporting branches and
outstanding
233, 911
Other liabilities
27, 844
Total liabilities
1, 780, 926
CAPITAL ACCOUNTS
Undivided profits, including reserve accounts
Total liabilities and capital accounts
i Excludes figures for banking facilities at military establishments.
NOTE.—For location of foreign branches see preceding table.
1, 780, 926
212
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 33.—Assets and liabilities of banks in the District of Columbia, by
classes, Dec. 80, 1961
[Dollar figures in thousands]
Total all
banks
11
Number of banks—
National
banks
Nonnational banks
4
7
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 tofinancialinstitutions:
Domestic commercial and foreign banks
Other
Loans to brokers and dealers in securities
Other loans for purchasing or carrying securities
Leans 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:
Maturing within 1 year
Maturing after 1 year
U.S. nonmarketable bonds (savings, investment series
A-1965, B-1975-80, and depositary bonds)
Other bonds maturing within 1 year
_
__.
Other bonds maturing in 1 to 5 years
Other bonds maturing in 5 to 10 years
Other bonds maturing after 10 years
Total.
Securities guaranteed by U.S. Government_
Total.
_
—
_
—
Obligations of States and political subdivisions
Other bonds, notes, and debentures
_
Corporate stocks, including stock of Federal Reserve bank
Total securities .
Cash, balances with other banks, including reserve balances and cash
items in process of collection:
Cash items in process of collection, including exchanges for clearing house.
__.
Demand balances with banks in the United States
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.
26
26
16,133
32,677
103,952
70,288
7,729
21,102
57,164
44,939
8,404
11, 575
46, 788
25, 349
57
97, 804
11, 397
7,351
57
65,385
6,759
2,773
32,419
4,638
4,578
1,884
119
233,333
1,884
57
127,219
62
106,114
61,833
18, 357
25, 726
44, 933
86,604
23,324
249
26,234
5,332
11,023
10,954
43, 111
17,411
115
35, 599
13, 025
14, 703
33, 979
43,493
5,913
134
836,047
10,141
449, 274
8,357
386, 773
1,784
825, 906
440, 917
384,989
46, 558
6,004
13,085
189
33,473
5,815
41, 565
122,268
16,083
57,063
25, 482
65,205
8,449
29,953
187, 651
59,807
3,185
5,491
18,177
131, 946
37,176
2,599
2,958
11, 776
55, 705
22, 631
586
505,440
352
281,809
100
223,631
252
505, 792
51,425
11,658
2,657
281, 909
32, 653
5,011
1,770
223,883
18, 772
6,647
887
571, 532
321, 343
250,189
109,076
61,617
160
1,639
29,474
65, 646
41,997
78
1,420
16,222
43,430
19,620
82
219
13,252
168, 780
86,423
82, 357
370,746
211, 786
158,960
REPORT OF THE COMPTROLLER OF THE CURRENCY
213
TABLE N O . 33.—Assets and liabilities of banks in the District of Columbia, by
classes, Dec. SO, 1961—Continued
[Dollar figures in thousands]
Total all
banks
National
banks
Nonnational 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
Customers' liability on acceptances outstanding
Other assets
23,683
416
7,221
183
2,399
4,088
34
4,286
1,803,090
Total assets
16,462
233
993,140
809,950
1,057,267
582,527
474,740
26,831
33,351
194
67,349
24,787
20,015
166
45,995
2,044
13,336
28
21,354
4,088
34
LIABILITIES
Demand deposits:
Individuals, partnerships, and corporations
_
Foreign governments and official institutions, central banks and
international institutions
__
U.S. Government
States and political subdivisions
_.
Commercial banks in United States
Mutual savings banks in United States.__
Banks in foreign countries
Certified and officers, checks (including dividend checks),
letters of credit, and travelers' checks sold for cash
Total time and savings deposits..
2,982
1,706
11,538
8,031
1,209,249
Total demand deposits..
Time and savings deposits:
Savings
Accumulated for payment of personal loans
Other time deposits of individuals, partnerships, and corporations
Foreign governments and official institutions, central banks,
and international institutions
_
U.S. Government
Postal savings
States and political subdivisions
_
Commercial banks in United States
__
_.
Mutual savings banks in United States
Banks in foreign countries
__
4,688
19,569
688,010
521,239
315,862
18,036
162,184
3,250
153,678
14,786
73,688
38,742
34,946
12,030
16,548
479
7,716
8,772
479
4,314
7,776
436,643
215,500
909,153
736,739
34
29,379
11,339
920,492
34
18,040
754,813
32,582
66,424
22,649
6,130
Total liabilities.
221,143
1,645,892
1,675,305
Total deposits
_
Mortgages or other liens on bank premises and other real estate
Rediscounts and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding
Other liabilities
19,597
38,833
10,488
3,730
12,985
27,591
12,161
2,400
CAPITAL ACCOUNTS
Capital stock: Common stock.
Suri '
urplus..
Undivided profitsReserves
Total capital accounts
_
_
Total liabilities and capital accounts.
127,785
72,648
55,137
1,803,090
993,140
809,950
113,274
49,578
63,696
MEMORANDUM
Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase)
214
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 34.—Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended Dec. 31, 1961
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
11 banks
11 banks
11 banks
11 banks
501, 310
351
40,840
13,143
794,117
484,488
364
52,613
11,662
809,812
500,825
364
53,164
10,548
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 reserved 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
Other assets
_
825,906
505,440
352
51, 425
11,658
2,582
2,567
2,657
2,657
156,276
30,324
149,704
24,253
145,076
29,779
168,780
29,474
133, 289
24,152
139,329
23,978
460
118, 840
24,103
410
172, 492
23, 683
416
4,088
4,088
6,026
6,648
4,088
34
6,685
1,696,761
Total assets.
4,088
~6~212"
1,693,649
1,706,314
1,803,090
1,049,578
1, 010,727
1,001,597
1,084,098
383,252
479
28,194
114
71, 791
15, 773
394,423
479
50, 618
155
68,577
16,232
1,541,211
1,129, 781
411, 480
402,448
479
52,793
131
67,774
13,141
1,538,363
1,117, 663
420,700
419, 616
479
49,899
194
72,037
19, 569
1, 645, 892
1,209, 249
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits.
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
Certified and officers' checks, etc
Total deposits
_
Demand deposits
Time and savings deposits
Mortgages or other liens on bank premises and other
real estate
__
Rediscounts and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
_
Total liabilities..
1, 549,181
1,149, 607
399,574
4
2,500
12,300
34
29,379
21,787
27,393
1,573,472
1,568,608
1,578, 762
1, 675,305
32,382
62,674
22,913
5,320
32,382
62,672
24,615
5,372
32,582
65,773
23,032
6,165
32,582
66, 424
22, 649
6,130
CAPITAL ACCOUNTS
Capital stock: Common stock_.
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts.
123,289
125,041
127,552
127,785
1,696,761
1,693,649
1,706,314
1,803,090
109,714
107,868
116,324
113,274
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
REPORT OF THE COMPTROLLER OF THE CURRENCY
215
TABLE N O . 35.—Assets and liabilities of nonnationai banks\in the District of Colum-
bia at date of each call during the year ended Dec^Sl, 1961
[In thousands of dollars]
Apr. 12,
1961
June 30,
1961
Sept. 27,
1961
Dec. 30,
1961
7 banks
7 banks
7 banks
7 banks
ASSETS
Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed by U.S. Government..
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
bank
_.
Reserve with Federal Reserve bank 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
Other assets
_
362,628
210,036
251
16,026
8,587
369,725
210, 762
264
17,237
7,139
383,899
222,523
264
18,880
6,499
223,631
252
18, 772
6,647
887
887
887
69,300
11,266
74,742
13,791
82,357
13,252
52,556
7,270
61
53,814
7,186
195
41,858
7,169
193
63,351
7,221
4,088
4,088
3,627
3,558
4,013
4,088
34
4,286
749,687
Total assets.
902
70,388
13,267
755,421
778,806
809,950
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations
_
__
Time and savings deposits of individuals, partnerships,
and corporations
Postal savings deposits
Deposits of U.S. Government
Deposits of States and political subdivisions
Deposits of banks
_
Certified and officers' checks, etc
Total deposits
Demand deposits
Time and savings deposits
Mortgages or other liens on bank premises and other
real estate
_
__
Rediscounts and other liabilities for borrowed m o n e y . .
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities..
445,481
445, 750
476,784
184,914
191,929
200,811
207,724
11,652
21
21,339
7,151
683, 775
491,256
192,519
20,134
26
22,169
5,531
685,270
485,537
199,733
21,508
24
21,027
5,429
694, 549
485, 934
208,615
21,112
28
23,060
8,031
736,739
521,239
215,500
3
12,300
16,478
17,376
34
18,040
696,821
701,752
724,228
754,813
12, 785
27,090
10,531
2,460
Total liabilities..
13,042
12, 785
27,090
11,317
2,477
12, 985
27,190
11, 920
2,483
12,985
27,591
12,161
2,400
CAPITAL ACCOUNTS
Capital stock: Common stock...
Surplus
_
Undivided profits
Reserves
Total capital accounts
_
Total liabilities and capital accounts.
52,866
53,669
54,578
55,137
749,687
755,421
778,806
809, 950
54,383
55,377
64,055
63,696
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
other purposes
_
216
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 36.—Income, expenses, and dividends of banks in the District of Columbia,
year ended Dec. 31, 1961
[Dollarfiguresin thousands]
National
banks
Total
Number of banks i
Nonnational
banks
11
Officer and employee benefits—pensions, hospitalization, social
security, insurance, etc
-Fees paid to directors and members of executive, discount, and
other committees
Interest on time and savings deposits._
Interest and discount on borrowed money
Net occupancy expense of bank premises
._
Furniture and equipment—depreciation, rents, servicing, uncapitalized costs, etc
Other current operating expenses
Total current operating expenses
Net current operating earnings
_
_
Recoveries, transfers from valuation reserves, and profits:
On securities:
Profits on securities sold or redeemed
Recoveries
Transfers from valuation reserves
On loans:
Recoveries
Transfers from valuation reserves
_
_
All other
_
_
Total recoveries, transfers from valuation reserves, and profitsLosses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses on securities sold
Chargeoffs on securities not sold
Transfers to valuation reserves..
On loans:
Losses and chargeoffs
Transfers to valuation reserves
Allother
Total losses, chargeoffs, and transfers to valuation reserves. _
_
See footnotes at end of tables.
571
2,713
180
36,433
34,633
6,469
12, 992
3,571
6,587
2,898
6,405
274
1,667
226
1,481
1,722
791
931
419
10,188
58
3,799
226
5,324
22
1,802
193
4,864
36
1,997
1,437
8,577
863
3,909
574
4,668
45, 661
23,095
22,566
13, 338
12,067
936
1
510
1
426
59
34
510
15
467
44
34
43
1,540
993
547
3
161
126
1
159
2
2
126
500
222
1,612
461
1,106
298
222
506
163
_
._
.__
2,585
1,564
1,021
12,767
11,593
11, 720
5,945
5,775
12, 640
Taxes on net income: Federal
Net income before dividends
Net income after dividends
422
1,723
229
24,360
Net income before related taxes
Cash dividends declared...
6,237
826
21,107
350
2,649
71,066
_.
7,899
877
22,415
335
2,533
993
4,436
409
_._ _ _
_ _
12, 782
53, 507
25, 405
Current operating expenses:
Salaries and wages:
Officers
_
Employees other than officers
Number of officers *
Number of employees other than officers1
7
19,570
71,114
14,136
1,703
43, 522
685
5,182
Capital stock, par value
_ _
_
Capital accounts2
Current operating revenue:
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 operating revenue
Total current operating revenue
4
32,352
124,621
2
6,822
5,818
6,181
3,437
2,744
6,459
3,385
3,074
REPORT OF THE COMPTROLLER OF THE CURRENCY
217
TABLE NO. 36.—Income, expenses, and dividends of banks in the District of Columbia,
year ended Dec. 31, 1961—Continued
[Dollar figures in thousands]
National
banks
Total
Occupancy expense of bank premises:
Salaries and wages:
Officers
Employees other than officers
15
932
.
Total credits
281
525
701
1,155
522
__
26
461
312
370
75
273
213
331
1,080
249
4,656
2,070
2,586
772
85
Gross occupancy expense
119
38
742
Building officer and employee benefits
Recurring depreciation on bank premises and leasehold improvements .
_
_
.
Maintenance, repairs, and un capitalized alteration costs of bank
premises and leasehold improvements
Insurance, utilities (heat, light, and water), etc
Rents paid on bank premises
Taxes on bank premises and leasehold improvements
406
2
185
64
Number of officers l
___
Number of employees other than officers 1
15
526
2
304
_
Less: Rental income from bank premises
Other credits
Nonnational
banks
255
13
517
72
857
268
589
_.
3,799
1,802
1,997
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
_.
Onloans
__.
152
89
63
Net occupancy expense
Ratios to gross income:
Salaries, wages, and fees 3__ _ _
_
Interest on time and savings 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
_
__
1,495
1,123
372
Percent
21.91
14.34
21.94
Percent
28.50
14.61
20.28
Percent
27.42
14.04
23.70
64.25
63.39
65.16
35.75
36.61
34.84
19.11
4.96
17.56
4.83
21.47
5.13
1 Number at end of period.
2
Figures are averages of amounts reported for the June and December call dates in the current year and
the December call date in the previous year.
3 Exclusive of building employees.
TABLE N O . 37.—Number of banks, capital stocky capital funds, net profits, interest and dividends, and ratios, all banks in the District of
Columbia, years ended Dec. 31, 1930-61
fcO
OO
[Dollarfiguresin thousands. Figures for previous years publishecI 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
1957
1958
1959
1960
1961
_
_
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
16
13
12
12
11
$300
1,340
1,790
1,536
1,419
1,303
1,295
999
604
454
400
123
Preferred
stock
(par
value)
$1,575
1,650
1,650
1,554
1,355
1,208
1,288
1,130
969
794
317
34
Common
stock
(par
value)
$24,008
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
31,307
30,637
29,919
30,826
32,352
Total
Capital
accounts1
$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
31,307
30,637
29,919
30,826
32,352
Net
profits
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
112,236
110,950
110,021
115,614
124,621
i Averages of amounts from reports of condition made in each year.
Ratios
Interest and cash dividends
$2,983
1,514
2 1,218
2 2,186
2 416
2,501
3,744
2,966
2,480
3,455
2,986
3,283
2,436
2,468
3,573
5,485
5,438
4,991
3,589
5,083
6,361
5,800
6,446
7,143
6,773
7,388
7,708
7,013
6,462
9,158
11,165
12,640
2
Deficit.
On
capital
notes
and
debentures
On preferred
stock
Interest
Cash
on capital notes dividends
On com- and de- on prebentures ferred
mon
to capital stock to
stock
notes preferred
capital
and debentures
$2,755
2,648
2,278
l.OOfi
$31
77
58
47
41
40
28
24
11
17
6
$34
68
68
59
50
47
56
42
38
31
16
1
901
996
L,083
L, 194
1,248
1,379
L,416
L,442
L, 439
L, 432
,557
1,902
2,198
2,412
2,653
2,912
3,014
3,068
3,166
3,553
3 941
4,449
4,635
4,839
5,090
5,579
6,181
Percent
Percent
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
Net profits beCash
Total
fore dividends
dividends interest
on com- and cash
mon dividends
To
To
stock to to capital
capital
common accounts capital
acstock
capital
counts
Percent
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
14.80
15.79
17.01
18.10
19.11
Percent
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
4.13
4.36
4.63
4.83
4.96
Percent Percent
12.43
5.67
6.49
2.91
2 5.28
2 2.43
2 11.20
2 5.32
2 1.96
2 1.04
11.54
6.12
17,47
8.86
13.98
6.69
11.97
5.45
17.45
7.36
15.22
6.20
17.08
6.63
12.76
4.83
13.02
4.80
19.79
6.83
30.70
9.93
27.49
8.83
24.05
7.62
17.15
5.31
24.19
7.30
29.63
8.66
25.97
7.41
28.23
7.87
31.06
8.33
27.52
7.51
26.92
7.69
25.51
7.18
22.40
6.25
21.09
5.82
30.61
8 32
36.22
9.66
39.07
10.14
O
Q
REPORT OF THE COMPTROLLER OP THE CURRENCY
219
TABLE NO. 38.—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 19A2-61
ALL BANKS
\Dollarfiguresin thousands]
Year
Total loans
e n d of year
Losses and
chargeoffs
Recoveries
Net losses
or recoveries
Ratio of
losses (or
recoveries + )
to loans
Percent
1942
1943
1944._.
1945
1946 .
1947..1948
1949..
1950-.1951 _
1952_ .
1953
1954
1955___
1956
1957-.1958
1959. .
I960--1961
_
_
__
-__
___
_
- _
A v e r a g e for 1942-61-.-
$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
650. 210
670. 206
712. 426
772, 944
825, 906
$225
237
600
195
184
303
1395
1574
1382
1475
1393
1579
1335
1360
1423
1477
1427
1443
1509
11, 717
$351
297
434
300
483
529
2 211
2 304
2 539
2 315
2 253
2 406
2 162
2 243
2
173
2 212
2 140
2 132
2 179
2
211
+$126
+60
166
+105
+299
+226
184
270
+157
160
140
173
173
117
250
265
287
311
420
1,506
+0.11
+.06
.15
+.08
+.17
+.09
.07
.09
+.05
418. 367
466
294
172
.04
$147
113
141
112
211
230
100
2 93
180
191
102
+$35
+0.06
.04
.04
.03
.04
.03
.02
.04
.04
.04
.04
.05
.18
NATIONAL BANKS
1942
1943
1944
1945 .
1946
1947
1948...
1949
1950
1951
1952
1953.-.
1954
1955
1956-.
1957
1958...
1959
I960
1961
_
Average for 1942-61
See footnotes at end of table.
$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
396,165
376,878
388,955
414,033
440,917
232,411
$112
133
110
66
62
133
1264
1261
1166
1298
1279
1288
1139
1206
1241
1252
1170
1238
1241
11.123
239
2 75
123
103
134
20
+31
+46
+149
+97
164
168
+14
107
177
+1
64
+.06
+.07
+.15
+.07
.11
.11
+.01
.05
.08
.02
.02
.04
.03
.03
.04
.04
2 67
2 63
2 94
2 104
83
138
118
103
175
147
1,019
.23
134
105
.05
220
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 38.—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 191+2-61—
Continued.
N O N N A T I O N A L BANKS
[Dollar'figures in^thousands]
—
Average for 1942-61
$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
254,045
293.328
323,471
358.911
384,989
185,956
Losses and
chargeoffs
Recoveries
Net losses * Ratio of
or recoveries
losses (or
recoveries + )
to loans
1291
1196
U54
1182
1225
1257
1205
1358
1594
$204
184
293
188
272
299
2 111
2 211
2 359
2
124
2 151
2 117
2 87
2 120
2 70
2 78
2 73
2 69
2 85
2 107
+$91
+80
197
+59
+150
+129
20
102
+143
53
+37
174
109
34
112
147
184
136
273
487
227
160
67
$113
104
490
129
122
170
1131
1313
1216
1177
U14
„
2
i 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.
Percent
+0.15
+.14
.36
+++
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
Total loans
end of year
-v| tO tO COO
Year
+.09
.03
+.02
.09
.05
.01
.04
.06
.06
.04
.08
.13
.04
REPORT OF THE COMPTROLLER OF THE CURRENCY
221
TABLE N O . 39.—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 1942-61
ALL BANKS
[Dollar figures in thousands]
Total securities end of
year
Year
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
Losses and
chargeoffs
Recoveries
Ratio of losses
Net losses or (or recoveries
recoveries(+) +) to securities
Percent
0.07
.04
.03
.002
.01
.05
.02
.02
.03
.13
.12
.10
.02
.09
.23
.10
.15
.25
.13
.03
_
_
_
_
_.
_
_
Average for 1942-61
$466
770
639
299
205
347
1201
1126
1169
1757
1711
1634
1164
1509
11,224
1518
1889
11,375
1671
1164
$262
590
459
278
125
83
2 88
22
22
28
271
234
21
2 10
21
$204
180
180
21
80
264
113
124
167
757
703
563
130
508
1,224
517
889
1,375
661
163
545,390
_
.
$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
514. 639
594.931
546.385
521,657
571,532
542
101
441
.08
0.04
.06
+.01
.002
.01
.05
+.01
.01
.03
.14
.12
.06
.04
.05
.10
.06
.10
.17
.07
.05
.06
21
NATIONAL BANKS
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959 . _
1960
1961
_ .
Average for 1942-61.
See footnotes at end of table.
644637—62
-15
$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
331, 406
350. OflO
325. 286
300, 792
321. 343
$271
641
231
182
97
166
144
124
1100
»540
1432
1265
1151
1167
1332
1204
1341
1564
1228
1160
$199
469
250
173
76
16
2
80
2
1
2 10
21
$72
172
+19
9
21
150
+36
23
100
540
425
198
151
167
332
203
341
564
218
159
340,357
257
68
189
2
7
2 67
2 1
222
REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 39.—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 1942-61.—Continued
NONNATIONAL BANKS
[Dollarfiguresin thousands]
Total securities end of
year
Year
1942
1943
1944
1945
1946
1947
1948
1949 .
1950
1951
1952
1953
1954
1955
1956
1957
1958 .
1959
1960
1961
_
_
_
_
Average for 1942-61
Losses and
chargeoffs
$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
183. 233
244.841
221, 099
220. 865
250,189
$195
129
408
117
108
181
157
1102
169
1217
1279
1369
113
1342
1892
1314
1548
1811
1443
14
205,033
285
Recoveries
$63
121
209
105
49
67
28
21
22
21
24
Ratio of losses
Net losses or (or recoveries
recoveries (+) + ) to securities
$132
8
199
12
59
114
149
101
67
217
278
365
2 34
21
+21
33
252
341
892
314
548
811
443
4
1
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. 110.
Percent
0.13
.01
.10
.004
.02
.05
.07
.05
.03
.10
.13
.19
+.01
.18
.52
.17
.22
.37
.20
.002
.12
REPORT OF THE COMPTROLLER OF THE CURRENCY
223
TABLE NO. 40.—Fiduciary activities of banks in the District of Columbia, Dec. 80,
1961
Total
Number of banks exercising fiduciary powers
Number with authority but not exercising fiduciary
powers
_
—
National banks Nonnational
banks
6
3
3
Total number authorized to exercise fiduciary
powers
_
6
3
3
Total banking assets of banks authorized to exercise
fiduciary powers
_
$1.652,061.548
$970,116,529
$681,945,019
379,856,424
724,958,959
6, 271,151
154,342, 361
268,949,181
1.343,399
225,514,063
456,009,778
4,927,752
1, 111, 086, 534
424, 634. 941
686,451,593
4 412
2,318
67
279
1,548
884
49
112
2,864
1,434
18
167
Trust department liabilities:
Trusts.
_
Agency, escrow, custodian, and corporate accounts..
All other liabilities
Total liabilities
Number of accounts being administered:
Trusts
Agency, escrow, and custodian
Corporate trust bond issue accounts
All other accounts 1
7,076
2,593
4,483
Bond and debenture issues outstanding where bank acts
as trustee..
398,087,154
354.430,704
43,656,450
Trust department gross earnings for year ended Dec.
31,1961
4,436,000
1,723,000
2,713,000
Total number of accounts
1
Corporate paying agency, depository, registrar, transfer agency, etc.
TABLE NO. 41.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. SO, 1961
[Dollarfiguresin thousands]
Total all
banks
Number of banks
National
banks
All banks
other than
national
Banks other than national
State commercial l
Mutual
savings
Private
4,513
9,420
8,844
515
61
1,
47,565; 454
10,222,473
669,851
11,927,156
3,949,999
1.128,815
35,638,298
6,272,474
1,075,732
9,293,517
3,517,829
51,256
26,340,609
2,752,949
1,827
4,172
1,696
1,045,504
7,328,633
4,072,159
549,920
4,066,817
1,460,186
495,584
3.261,816
2,611,973
489,052
3,250,582
2,593,962
6,433
3,466
16,266
99
7,768
1,745
2,H0,930
934,280
5,329,047
45,537,683
28,277,440
3, 436,419
915,185
467,220
2,614,139
24,885,922
15,452,442
1,789,089
1,225, 745
467,060
2, 714,908
20, 651, 761
12,824,998
1,647,330
1,204,693
466,237
2,705,530
20,452,445
12, 500, 467
1,626,833
6,860
2,378
115,267
315,275
16,158
14,192
823
7.000
84,049
9,256
4,339
157,688,688
2,845,878
68,747,926
1,439,192
88,940,762
1,406, 686
59,176,879
1,172, 702
29,626,917
233, 529
136,966
455
154,842,810
67,308, 734
87, 534,076
58,004,177
29,393,388
136, 511
72,821,684
21,063,440
7,081,428
1, 574,184
36,087,678
11,077,350
1, 569,230
359,281
36,734,006
9,986,090
5, 512,198
1,214,903
30,539,926
9,225,145
1,352,363
312,254
6,136,307
677,229
4,158, 420
894,176
57, 773
83, 716
1,415
8,473
102, 540, 736
49,093,539
53,447,197
41,429,688
11,866,132
151,377
3,864,958
1,923,655
1,941,303
1,788,906
150,125
2,272
53,622,203
3,405,537
121,876
29,154,790
1,849,848
61,365
24,467,413
1,555,689
60,511
23,586,863
1,269,063
35,913
786,372
284.396
24,496
94,178
2,230
102
354,400
1,675, 990
191,196
479,808
163,204
1,196,182
163,149
1,172,768
ASSETS
Loans and discounts:
Keal estate loans:
Secured by farmland (including improvements)
Secured by residential properties (other than farm)
Secured by other properties
Loans tofinancialinstitutions:
Domestic commercial and foreign banks
Other
Loans to brokers and dealers in securities
Other loans for the purpose of purchasing or carrying stocks, bonds, and other
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
—
All other loans (including overdrafts)
Total gross loans
Less valuation reserves
Net loans.-——...
.
__.
_
_
.
Securities:
U.S. Government obligations, direct and guaranteed
Obligations of States and political subdivisions
_
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve banks
Total securities...^...—............................... . . . . . . . . . . . . . . . . .
Currency and coin
_.
Balances with other banks, including reserve balances and cash items in process
of collection-._
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or other real
estate
Customers' liability on acceptances outstanding
55
23,414
I
o
o
1,907,697
1,161,580
829,214
327,919
4,447
150,809,052
171, 527,155
128,279, 741
42,832,828
414,586
124, 507, 318
662,881
5,969,975
12, 315,431
15, 792,613
794, 734
1,340, 533
5,078,827
66,905,310
232,807
3, 314. 586
7,076,125
9,668, 773
265,440
425,144
2,077,274
57, 602,008
430,074
2, 655, 3S9
5,239, 306
6,123,840
529, 294
915, 389
3,001,553
57,146,296
427,387
2,648, 595
5,235,064
6,101, 596
528,323
881, 610
2,972, 773
250,865
6,799
204,847
2,687
156
2.246
22,198
971
33,779
21,981
166,462,312
Total assets.
746,117
322, 336,207
Other assets
89,965,459
76,496,853
75,941,644
266,344
288,865
102,267,999
772, 528
9,977,213
2,200, 533
283, 599
16, 784
5, 527,487
200,191
150,830
131,234
36,139, 592
433,436
4, 607, 606
853, 850
204,477
66,128,407
339,092
5, 369, 607
1,346, 683
79,122
8,832
2, 333, 469
140, 111
146,805
91,112
27, 922,655
338,496
5,347,187
1,328,212
79,056
8,832
2,316,045
138,354
146, 805
84, 778
38,190,954
596
11,989
66
14, 798
16,400
752
1,024
1,005
38,220, 757
LIABILITIES
Demand deposits:
Individual, partnerships, and corporations..
Foreign governments, central banks, etc
U.S. Government
States and political subdivisions
Commercial banks in the United States
Mutual savings banks in the United States..
Banks in foreign countries
Certified and officers' checks, etc
Total demand depositsTime and savings deposits:
Savings
—
Accumulated for payment of personal loans
Other deposits of individuals, partnerships, and corporations
Foreign covernments, central banks, etc
U.S. Government
Postal savings
_
States and political subdivisions
Commercial banks in the United States__
Mutual savings banks in the United States
_
Banks in foreign countries.
__
__.
7,952
3,194,018
60,080
4,025
40,122
46
10,431
18,471
6,334
Total time and savings deposits-
121,528,398
45,545,158
75,983,240
37,710,420
Total deposits
287,990, 710
135, 510,617
152,480,093
224,615
2, 708,874
269,307
1,226,103
3,131,210
254,283
1,200,747
2, 557, 561
138,933,746
157,106, 713
117, 664,655
39,064,860
6,699,975
52,257
14, 745
13, 539,944
5,086,018
3,573,976
3,125,999
52,257
11, 477
7,604,165
3,005,915
3,115,243
52,107
11, 477
4,994,318
2,144,408
O
o
o
566. 620
296,040,459
3
113,652,064
493,922
1, 715, 743
5,840,084
m
o
_.
Rediscounts and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstandingOther liabilities
,
—Total liabilities...
489,640
377,198
CAPITAL ACCOUNTS
Common stock..
Capital notes and debentures
Preferred stock
,
Surplus
Undivided profits
Reserves and retirement account for preferred stock and capital notes and debentures
Total capital accounts
Total liabilities and capital accounts..
i Includes stock savings banks.
3,268
5,935,779
2,080,103
150
10,756
2,587,400
859,850
22,447
1,657
902,809
282,180
620,629
297,533
26,295,748
11,875,306
14,420,442
10,615» 086
3, 767,968
37,388
322,336,207
150,809,052
171, 527,155
128,279, 741
42,832,828
414,586
2,528
to
to
TABLE N O .
and liabilities of all active banks in the United States and possessions, Dec. 30, 1961 {including national, State
commercial, savings, and private banks)
42.—
ASSETS
[Dollar figures in thousands]
Location
Maine.
New Hampshire...
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey. _
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern
States
Virginia.
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern
States
U.S. Gov- ObligaCoporate
Loans and ernment
stocks,
tions of
Other
Num- discounts, obligabonds, including
Population
States
tions,
(approxi- ber of including
and polit- notes, stocks of
direct and ical sub- and de- Federal
overmate)
banks
guaran- divisions bentures Reserve
drafts
teed
banks
1,005,000
630,000
399,000
5,290.000
876,000
2, 658,000
10, 858,000
17,208,000
6,343,000
11,579, 000
464,000
3,237,000
764,000
79
107
59
351
17
138
681,118
291,278
712,919
246. 423
382.378
115,671
7,665, 544 3,300,785
987,244
300,855
3,454,876
991,288
54.054
28,021
33.393
417,994
106,884
289, 995
Investments
and
Real
Cusother
Bank
estate assets tomers'
premises owned indiliabilowned,
other rectly ity on
furniture than
repre- acceptbank senting ances
and
outfixtures prem- bank
prem- standing
ises or
other
real
estate
78,274
38,681
8,159
345,078
91,914
339,582
28,847
39,938
3,433
263,167
31,288
147,864
110, 588
22,516
90,223
13,006
53,494
8,066
130,239 1,425, 584
132,976
23,441
80, 434 535, 556
17,291
14, 924
7,259
116,544
15,825
70,348
930,341 901, 688
751 13, 884,079 5,246,300
513 44, 754,846 13,815,434 4,411,981 2,432, 554
268 4, 890,135 2,309, 774 1,049,402
343,210
683 9,241,022 4,351, 529 1,496,166
932, 671
22
473, 707
49, 782
240, 562
78,350
138 1,609, 972
201,315
159, 359
963, 629
514,537
519,950
42,347
98,822
12,924
6,554
277, 702 2,348.421
1,
1,438
382
6,405
311
2,065
§
Other
assets
11
825,906
505, 792
51,425
11, 658
4,048 21,148,203 12,164,225. 3, 524,016
699,420
2,657
516,432 13, 275, 570
162, 715 1,170,508
296,231 2,759,165
147,418
13,388
500,133
64,065
29,474
341,272
416
683.254 1,082,305 18,194,066 1,074,010
6,612
53,807
81, 620 639,099
3,075
18,135
37, 293 248, 250
719, 566
4,550
49,355
85.264
1,552
17,940
32,808 228,338
6,169
54,379
60, 497 725,189
8,538
96,906
121,880 1,197,867
3,549
27,605
51, 811 447,608
24,477
36,489 314,015
i,r~
39,957
64,268 770,375
4,877
184, 992 3, 631, 654 263,978
26,440
18,144
28,555 347, 640
1,829
24,786
52,804 673,034
3,914
41,803
76, 852
6,009
33,162
1,443
1,354
615
377
1,583
3,855
l,f"
632
1,092
12,430
1,150
1,238
4,144
915,133 10, 799,623
66,520
130
55
74,327
11, 770
5,707 66,705
21, 575 68, 825 1, 248,153 776, 951
,
46,101
613
1,906 1,900
74,083
7,117 13,472 23,862
12,121
3,371
795
4,490
36,974
1,353
411
1,582
23,683
78, 763
964
55
1,749
2,341
256
342
731,272
4,088
34
93,186 1,274,244
6,326
M
1,890
5,481
266
76
359
359
4,047
1,060
26,342
421
3,813
22
533
2,070
4,300
6,212 42,226
2
184
202
1,335
5,629
474
31, 211 61,296
54,232
Total
assets
3.002 1,289,101
2,152 1,187,780
908
614,892
51,041 13, 791,242
4,790 1,695,914
12,434 5,924,839
242,191
663,753
119,156
218,323
39,595,000 1,635 61,795, 588 22,186,720 7,260,071 3, 957, 802
302 1,830, 764
4,117,000
271,034
76,825
975,158
181
1,854,000
582,284
95,279
12,011
519,456
171 1, 660. 953
4,659,000
273,641
93,944
735,351
144
2,425,000
103, 521
35,276
496,273
330,113
403 1,604,151
4,023,000
185, 976
54, 208
790,270
322 2,117,001 1, 738,936
5,355,000
390, 523
63,252
238 1,046,224
3,330,000
228,346
39,499
582,731
193
2, 242,000
216, 530
14,603
621, 751
339, 287
192 1,347,374
3,360,000
16,949
911,370
9,915,000 1,018 6,260, 851 3,190,985
930,272 195,859
237
1, 809,000
24,645
633,849
341,577
158, 738
351 1,138,921
3,103,000
32,036
834,775
126,528
296 1,807, 807
3,651,000
40,313
874,216
259,820
49,843,000
Balances
with
other
banks,
including
Currency reserve
and coin balances
and cash
items in
process
of collection
6,685
24, 503, 768
82,506,024
10,137, 767
19,512,463
1,036, 908
3,604,045
1,803,090
965,889 118, 600,297
10, 550 3,955,137
4,018 1, 523,045
17,227 3, 646,213
3,325 1, 249, 958
11,114 3,497,942
26, 111 5, 792,271
7,481 2,440,386
4,421 1,574,409
12,545 3,458,985
46,091 14,791,990
3,035 1,559,348
5,966 2,895,539
9,512 3,983,567
161,396 50,368,790
O
O
49,506 13,263,771
9,986,000
1,594
Ohio
2,882
578 5, 981,228 3, 659,034
6,979
932, 664 114, 887
221,345 2,124, 912 142,302
26,438
18, 616 5, 660,299
4, 748,000
2,120
977,334
446 2, 273,521 1, 846,432
Indiana
1,994
207
60,211
106,365
64,370
301, 495
7,634
91,439 21,142,268
10,374,000
976 8, 633,109 5, 804, 634 1, 704, 611 384, 477
Illinois
65, 748 193,030 4,033, 518 110, 911 8,722 23,449
5,204 8,630
373 4, 564,257 2, 819,265 1,076,475
41,274 10,282,079
8,040,000
Michigan
1,219
162, 827 1,438, 803 116,693
31,084
16,348
569 2,304,009 1, 597,008
33,149 5, 454, 780
4,068,000
7,563
Wisconsin
345
51,197 2,431
79, 349 952,359
74, 775
5,296
347, 299
690 2,437,389 1,290,685
17, 668 5,343, 651
3, 507,000
1,175
954,315
Minnesota- 55,038 1,653 16, 795
55,01
310, 542 182,403
20,973
672 1, 687,092
5,874 3, 686,502
627,487
2,800,000
Iowa
3,878
25, 777 1,103
945,967
55,341
35,049
295, 692
3,242
2,882
626 3,072,273 1,853,565
4,420,000
Missouri
4,832
3,682 26,078 7,223,253
1, 540,008
56,297
86,357
80,876
472,454
23,949
Total Middle
Western
States
47, 943,000 4,930 30, 952,878 19, 816, 590 5, 441, 232 967, 921
96, 842 283,604 72,056,603
959, 629 12, 648, 736 618,426 26,997 74,120
North Dakota
646, 000
2,393
156
100,312
296, 099
857, 006
10,171
298, 524
660
200
41,247
97,358
9,361
681
South Dakota
697, 000
174
2,816
883, 664
9,285
364, 613
295,822
879
274
49, 572
10, 231 126,688
22, 425
1,059
Nebraska
1, 446, 000 425
5,629
15,088 1,077
900, 570
2,521
507,457
23, 001 386, 462
2,646
116, 523
25,628
590 1,148, 875
Kansas
23,858
2,211,000
1,075
4,337 2,873,393
881
36, 641 535, 975
3,365
770, 314
315,110
32,962
123
Montana.
14, 053
687,000
511
12, 570 158, 386
1,247
383, 340
104
65,895
281,254
944,848
24,006
13
94, 644
Wyoming..
___
55
806
200,921
342, 000
13
621
26,848
1,041
7,285
155,296
7,288
4,130
502, 383
194 1,178,942
5,165
1, 800. 000
Colorado.
,
14,971 2, 547,819
1,769
19,824
7,117
104,852
677,344
29, 60J
5,847
164,170
57
New Mexico
1,901
681
11,815
338, 527
1, 000,000
294
42,138
837,159
17,144
7,062
252,433
994
Oklahoma
6,485 3, 227, 462
35,029
2, 382, 000
5,789
1,513
41, 703 765, 320
231, 704
4,791
1, 326, 692 776,108
32, 098
230
Total Western States.. 11, 211. 000 2,162 6,141,004 4,012,127 1,050,000
243 43,042 14, 656,846
7,712 18, 452
187, 544 2,834, 340 146,408
195, 405
20,569
Washington
53, 573 1,484
2, 935, 000
3, 715, 656
1,296
45, 562 582, 664
237,023
1,811,677
60,355
5,427
897, 558
Oregon
392,530
2, 443, 541
235
41, 675 1,639
50 1,100,683
1, 820, 000
23,998
3,343
225, 657
594, 788
41,418
California
29, 849, 910
122 14,882,428 6, 589, 707 2,046,190
254, 752 4, 941,172 407, 292 5,643 78,040
89,318
16, 740, 000
199,464
Idaho
32
504
746,169
12,305
1,067
51,411
693, 000
103
348, 902
215, 366
10, 707 100, 080
2,735
Utah
50
9,039
1,164, 356
7,613
1,818
204
72, 037
930, 000
14, 376 211, 893
588, 544
249, 881
6,519
Nevada
7
11,163
63
336
540,444
50, 937
802
47, 773
262,421
141,288
305,000
10, 209
12,482
12
Arizona
33, 406
513
6,824
1, 616,348
2,970
74, 539
294,274
1,433,000
13, 731
2,497
25, 910 284, 903
860, 878
15
Alaska
1,573
231, 453
4,036
27,148
291
378
10,137
101,025
71,578
238, 000
8,018
6,858
12
Hawaii
13, 820
2,347
374
2,740
877, 468
"I," 224
49,096
429, 938
667,000
22, 862 109, 418
228, 687
5,061
Total Pacific
States
393 20,386,496 9,283,127 2, 813, 863 348,623
25, 761,000
107, 383 416, 394 6, 700, 745 584, 883 10, 401 100,587 182,178 250,665 41,185,345
Total United
States (exO
clusive of
possessions)
1,
185, 211,000 13, 919 154, 308, 248 72, 709, 089 21, 019, 523 7, 070, 859 574, 134 3, 838, 70753, 525, 931 3, 397,190 121, 253 353, 348 1, 674,444 1, 778,923 321, 371,649
Canal Zone (Pan17, 542
19, 714
25
456
903
ama)
,
42,000 C1)
13,499
33, 952
68
226
7, 202
1,387
11, 570
Guam
!
66,000 (2)
3
88,767
1,052
1,432
861, 568
555
7,878
105, 231
81, 092
22,399
41, 316
501,263
2,420,000
Puerto Rico
10, 564
41
6,102
3, 953
1,858
52
192
20,000
American Samoa.. .
Virgin Islands of
8,925
3, 569
114
43, 222
5,506
20, 634
34,000
1,625
2,601
the United States*.
Total possessions
3
8,347
964, 558
534, 562
623 1,052
1,546 128, 774;
96, 272j
26,251
10, 569
50
43,917
112,595
2, 582,000
Total United
States and
possessions. 187, 793,000 13,933 154,842,810 72,821,684 21,063,440 7,081,428 1,574,184 3,864,958 53, 622,203 3,405, 537 121,876 354,400 1, 675, 990 1, 907,697 322,336, 207
1
One branch of a national bank and 1 branch of a State member bank in New York.
* Asset and liability items include data for branches of a State member bank in New
2
York.
Branches of banks in California and Hawaii.
to
3
Asset and liability items include data for branches of a national bank and a State
member bank in New York.
1
i
s
w:
TABLE N O .
42.—.
and liabilities of all active banks in the United States and possessions, Dec. SO, 1961 {including national, State
commercial, savings, and private banks)—Continued
to
to
oo
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
- -
. ._
_ .-
Total New England States
Total Eastern States
Virginia ___
West Virginia
North Carolina
South Carolina
Georgia
Florida
- Alabama
Mississippi
Louisiana
Texas
Arkansas - Kentucky
Tennessee
--
_.
__.___- - - -
Total Southern States
Acceptances
executed
by or for
account of
reporting
banks and
outstanding
Other
liabilities
Capital
stock i
24,711
9,289
14,072
168,027
24,755
71,285
Surplus
57,813
62,213
21,333
715,288
90,115
266,024
Reserves
and retirement
Undivided account for
preferred
profits
stock and
capital
notes and
debentures
974
67,021
142
55
22,533
23,005
9,144
326,449
42,634
124,103
5,338
67,218
547, 868
312,139
1,212,786
640,635
106,613
1,460,692
187,995
411,887
19,819
58, 709
32, 582
4, 008,149
395,381
1,114,562
73,463
168,883
66,424
1,243, 547
103, 589
251.901
10,021
53,454
22,649
209, 902
54,487
72,425
381
11.462
6,130
387,453
277,395
158,371
4,908,430
511,739
1,932,020
1,138,122
750,669
763,286
1,040,681
552,459
394,088
7,168,696 12,077,126
1,001, 992 1, 513, 731
3,357,032 5,289,052
148
2,955
13, 435, 763 21, 611,171
1,261
41,956
43,011
14,812
374,470
23,100
143,286
3 818
6,626
3 072
61,600
1,437
30,060
36, 933,689 34, 916,806 71,850,495
4,360,974 4,817,916 9,178,890
9,380,499 7,941,881 17,322,380
333. 005
907,831
574,826
1,839, 547 1,419, 662 3,259,209
1, 209,249
436, 643 1,645,892
_
-
Total
deposits
8,175,408
--
New York
New Jersey
Pennsylvania
_
__
Delaware
Maryland
_
_
_District of Columbia...
Time
and savings
deposits
Rediscounts
and other
liabilities
for borrowed
money
--
298,389
11,325
13,295
1,280,677
613
25,823
400
1,582
34
2,154,173
205,487
300,190
25, 393
50,346
29, 379
54, 298, 784 49,865, 913 104,164,697
323,409
1,308, 729
2, 764,968
2,171, 684
5,826,862
1,685,161
354,787
1,432, 598 3,552,314
468,308
1,339,924
870, 550 3,211,199
219,906
1,109,678
884,574 3,124,870
1, 592,437 5,264,113
673,893 2,191,624
373,994
1,442,482
808,854 3,148,255
3,245,648 13,462,341
359,479
1,423,678
574,085 2,626,437
1,178,265 3,625,340
825
1,300
225
1,899
211
1,925
266
76
359
1,083
421
22
2,213
43,203
2
202
5,629
71,108
26, 805
146, 754
33, 539
61,618
73,093
35.009
11.651
36,661
91,576
7,785
22,985
51,318
92.988
37,466
76,123
34,087
89,178
173,834
63,412
31,647
76, 745
417,486
37,638
62,633
90,048
165, 709
77, 506
164,143
52,623
143,389
199,665
88,616
83. 546
136,124
494,606
48,831
124,034
137,484
65,219
33,082
39,056
17, 267
47,019
59,334
47,850
2,875
52,433
197,456
36,944
53.632
64, 093
5,075
6,962
8,447
2.688
30, 527
14,149
11.4.54
1,666
3,988
44.560
4,470
5,405
7,730
58,316
55,375
669,902
1,283,285
1,916,276
716,260
147,121
2,119,716
871.616
2,340.649
889, 772
2, 240. 296
3,671,676
1, 517, 731
1,068,488
2, 339,401
10.216,693
1,064,199
2,052,352
2,447,075
32,839,664
12,682,591
45, 522,255
982
7,000
2,000
520
2,566
40,762
o
3
o
*4
S
1,153,304
215, 204
10, 674
6, 857
1,100
100
3,081
13
333
230
7, 305
7, 603
13, 866
15, 555
12, 274
4,824
32, 270
8,362
22,893
20, 235
19, 651
52, 362
67, 300
23, 458
6,473
64, 561
21, 460
78, 995
27, 052
25, 462
71,250
112,350
24, 948
18. 674
79. 881
22,009
108, 622
23, 583
20, 732
48. 708
64,960
18. 231
11. 828
40. 760
8,887
86.203
7,888
2, 356
5, 863
4,410
564
1,673
4.281
6.679
5,238
22,145
243
124, 952
354, 495
490, 248
323,892
38. 952
3,719
3,043
174, 654
78, 576
59. 747
600.316
19 103
26,942
13, 816
36, 393
6.650
26, 745
134,166
70. 235
1, 021, 044
21, 372
39.491
16, 914
60, 994
5,410
33,413
67,251
55,346
373.094
9,292
14,912
6.873
16,647
3,436
15, 509
8,766
502
13. 504
2, 567
2,262
66
2,757
750
3,631
301,320
277,492
302,166
649, 716
296.358
163,671
744,102
219,664
635,328
770, 943
807, 860
1, 783,879
2, 601, 961
864, 260
455, 321
2,322,985
769, 762
2,924, 948
3, 589,817
13, 301,919
1, 911. 725
1,165, 007
14,232,226
434 933
627, 602
274,831
945.153
117,931
416, 598
1,454,980
1, 055,266
12, 850,901
249,610
435.162
217,679
517,658
95,424
364, 997
3, 366. 705
2, 220. 273
27, 083,127
684, 543
1,062, 764
492, 510
1,462. 811
213,355
781, 595
850
19, 810
20,126,006
__
Total Western States
__ _
______
17,241, 677
States
(exclusive
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the United States
_
Total possessions..
Total United States and possessions
i Includes capital notes and debentures.
1,594
411
89,009
1,269
345
1,175
400
195
95
2,497
1,224
56,473
33. 545
564. 361
9,292
17, 785
10,265
33,849
1,657
15,256
37, 367, 683
21, 550
185,137
742, 483
868, 288
1, 403, 039
562,260
481, 872
1, 714,197
5, 794, 891
6, 723, 292
13, 522, 947
5,081,612
897.482
1,432
43,250
100
335
16,237
85
675
3,744
33
629
5,296
31
114
8
690
43,708
26
761
w
hj
o
o
34, 805
166,039, 506 121,115,850 287,155, 356
_
_
Total Pacific States
Total
United
possessions)
2, 673, 736
469, 623
530, 368
1, 481, 713
1, 952, 245
567, 902
291,650
1, 578,883
550. 098
2, 289, 620
_
Washington __ __ •__
Oregon
California
Idaho
Utah
Nevada.,
Arizona
Alaska.
Hawaii
1, 733, 401
51,114
9, 712,102
North Dakota
South Dakota
Nebraska ._
Kansas
Montana
Wyoming
_
Colorado
New Mexico
Oklahoma
6,485
13, 545
108, 918
24. 053
12, 749
20. 585
10.928
17, 941
944,718
65,187, 631
40, 887, 542
_ _
181,424
108. 487
252, 799
146,328
93. 872
98,913
113,079
158,402
3,692
24, 300.089
_ --
Total Middle Western States
_ -
595. 290
206, 556
769. 397
361, 835
182, 646
190. 733
124, 588
242, 691
97,495
36,850
27
1,264
715
275
1,494
4, 832, 672
1, 773, 693
6,285,515
4, 582 452
2,154,304
1, 952,178
1, 024, 735
1, 694, 540
_
316,721
113, 285
560. 629
239, 525
108, 472
121,417
81,026
192, 326
225,495
95,134
232, 439
163 913
80,017
64,229
16.359
67,132
10,489
11,926,273
5,122. 881
19, 092, 227
9 345 129
4,975,415
4, 845, 884
3, 340, 247
6, 539, 575
7,093.601
3,349.188
12.806, 712
4, 762,677
2,821,111
2, 893, 706
2, 315, 512
4,845, 035
Ohio
Indiana
Illinois
M ichigan
Wisconsin
Minnesota
Iowa
Missouri
200
of
15,139
13,009
374, 516
3,799
16,343
4,567
20,253
361, 335
2,028
24,365
19, 706
33,262
735, 851
5,827
40, 708
12,050
422, 806
412, 548
835, 354
12,050
1,546
45,193
43,685
16,997
4,406
5,327
166,462, 312 121, 528,398 287, 990, 710
493, 922
1, 715, 743
5, 840, 084
6, 766, 977
13, 539,944
5,086, 018
902,809
(See classification on pp. 232 and 233.)
I
w
TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec. 30, 1961 {including national, State
commercial, savings, and private banks)—Continued
CO
[In thousands of dollars]
o
Loans and discounts
Real estate loans
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 C arolina
South Carolina
__
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern
States
Secured
by
farm
land
(including
improvements)
8,478
6,523
19,120
8,819
1,501
7,965
Secured
by residential
properties
(other
than
farm)
328,600
423,936
185,968
4,195,033
549,266
2,203,911
To doSecured mestic
comby
merother
cial
properand
ties
foreign
banks
71,031
108,883
42,216
676,381
76, 654
202,018
52,406 7,886,714 1,177,183
59,721 18, 701,5212,
2,614, 547
14,918 2,183,918 418,098
96,316 2,799,630 661, 990
131,765
11,866
41,063
32,105
555,368 163, 505
152,762 70,288
26
214,952 24, 524,964
53,317 379,467
14, 874 163,790
132,159
42,884
52,436
15, 000
53, 065 192, 666
29,100 256,487
112,165
35,450
43,327
57,977
29,007
152, 656
51, 512 250,627
37, 798
63,541
82,567
161,999
64,426
172,135
Other
Loans for purchasing or carrying securities
Loans to farmers
To
brokers
and
dealers
in securities
Directly
guaranteed by
the
Commodity
Credit
Corporation
Other
721
7,046
7,480
1,230
5
495
16,836 236,746
1,250 31,603
1,365 38,163
1,861
2,210
550
69,178
3,893
23,396
2,943
1,476
1,714
31,971
629
16,717
21,407 321, 533
413,625 2, 022,053
9,840 133,658
36,031 386,965
9,939
15,100
6,965 73,617
57 97,804
101,088
2,280,386
135, 590
122,995
22, 749
12,419
11,397
55,450
573,511
32,626
144,853
2,525
24,886
7,351
19
88,544 1,094,884
299,209
Other
loans to
farmers
(excluding
loans on
real
estate)
Commercial and
industrial
loans
(including open
market
paper)
12,080 128,309
4,361
69,648
18,494
46,770
11,039 1,504,480
871
196, 998
7,353 432,882
19 54,198 2,379,087
12, 737 125, 700 13,444,064
19,027 863,839
64
527 107,998 2,867,891
92,124
6,145
116
24,855 336,240
119 233,333
1,884
3,969,491 481,618 2, 724,036 2, 585, 536 785, 752 15,328
128,167 2,901
55,306 25,223 17,051
53,411
10,169
2,721
250
9,615
13
93,551 2,940 100, 592 54,471 32,851
11,009
35,202 1,698 22,152
6,715 10, 491
3,951
90,398 1,942 106,807 17, 783 19,370 27,346
189, 056 3,227 116,685 30,149 46,372
406
61,146 6,126 51,044
9,212 11,367 12,103
43,625 3,523 19,810
7,'" 12,302 17,169
118,842 9,631 80,894 21,437 17, 619
7,225
272,882 48, 750 333, 549 53,998 282, 701 144,348
47, 716 2,832 19,481
7,618
6,673 39,462
80,480 3,692 60,506 30,561
10,249
2,050
91,955 1,031 117,889 31,322 30,905
19,261
552,327 2,148,105 1,306,431
Loans to financial institutions
507, 566 284,438
Other
All
loans to
other
individloans
uals for
(inpersonal cluding
expendi- overtures
drafts)
O
Total
gross
loans
Less
valuation
reserves
Net loans
s
3
W
120,915
67,322
919,637
114, 744
509, 502
6,972
7,838
681,118
688,956
5,350
4,481
712,919
717,400
3,926
4,202
382,378
386, 580
87,873 7, 758,012 92,468 7, 665, 544
987,244
24, 083 1, 001, 492 14,248
46,259 3,489, 531 34,655 3,454,876
1,818,423 174,463
4,014,002 1,355,159
1,106, 621 76,312
2,036,017 185,797
137, 646
7,057
378, 736 24, 516
237,453 23,573
283,844 17,837,491 7,910,475 1,672,414
58,411 466,768 631, 281 36,297
8,629
109,324 214,377
6,853
45,801 615,455 532,941 31,554
14,324 163,752
157, 791 22,066
43,094 534,604 509,039 31,191
44,393 709,454 700,416 34, 749
47,357 339,133 342,800 46,394
44, 754 226,877 147,414
14,055
30,641
557,117 307, 550 35,300
370,343 2, 920, 567 1,485, 534 160, 442
59, 083 192, 724 158,360
6,672
79,321 291,465 334,312 19, 734
67,374 622,952 584, 470 39, 581
913,525 7,750,192 6,106,285
14,041,971
45,617,026
4, 994, 511
9,447,010
478,095
1,633,212
836,047
157,892 13,884,079
862,180 44, 754,846
104,376 4,890,135
205,988 9,241,022
473,707
4, r
23,240 1, 609, 972
825,906
10,141
63,005,901 1,210,313
1,854,284
23, 520
594,026
11, 742
1,696,208
35,255
9,305
505, 578
23,154
1,627,305
43,493
2,160,494
28, 073
1,074,297
17,081
638,832
20, 545
1,367,919
6,375, 253 114,402
8,111
641,960
1,156, 936 18,015
35,495
1,843,302
484,888 21,536,394
61, 795, 588
1,830, 764
582,284
1, 660,953
496, 273
1,604,151
2,117,001
1,046,224
621, 751
1,347,374
6, 260,851
633,849
1,138,921
1,807,807
388,191 21,148, 203
Ohio
Indiana
Illinois
Michigan. _
Wisconsin..
MinnesotaIowa
Missouri.__
Total Middle
Western StatesNorth DakotaSouth Dakota..
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western
States—
Washington..
Oregon
California.-..
Idano
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States J
114, 745 1, 448,374
581,302
79,167
77,489 1, 085,462
63,628 1,356, 077
98,085
637,741
65,970
72,978
262, 534
71,616
539,204
500, 498
160,860
373,697
354, 073
201,531
126,047
87, 080
191,345
13,642
15,827
67,290
13, 797
8,784
10, 904
5,562
41,772
295,390 173, 799 157,163
16, 810
45,322
101,497
837,231 397, 596 261, 782
72, 629
222, 789 34,475
19, 749
12,219
130,255
16,667
15,923
102,431
9.097 11,321
55,913
53,385
86,950
216,889
8,728
8,118
41,420
1, 522
66
40, 710
90,535
82,292
643,678 6, 597,158 1,995,131 177, 578 1,962,395
775,381
1,442
8,885
34,831
40,246
7,761
2,730
67,243
9,155
70,962
96
2,475
1.443
16,669
3,471
795
49,543
520
66,445
2,139
827
10,795
7,358
1,156
1,370
17,966
5,273
7,752
8,053
11, 928
62,327
104, 656
5,712
1,044
6,300
3,849
43,844
23, 559 243,255
141,457
54,636
13^940
34,112
5,512
6,600
8.306
4,396
27,299
66,934
63,968
45, 744
100,257
83,620
37,192
119, 903
34. 830
77,508
18,171
92,259
29,626
67,298
127,246
629,956
325,313
19, 745
13,741
19,729
29,260
36, 481
18, 748
61
2,128
3,675
7,064
9,201
1,430
4,812
138,128
3
78.824
981,130 236,985
17,620
200
52,229
646
52,315
4,401
23,427
17,285
63,270
96,287
62,312
724.838
6,060
32,352
7,755
29,924
208
198,494 5,683,489 1,424,228 247,047
968,372
169.488
162,884
32,684
259,404
97, 795
85,612
44,536
26,081
57, 667
6, 098,316 117,088
41,653
2,315,174
8,876,896 243,787
4,643, 631 79,374
55,169
2,359,178
2,469, 510 32,121
1, 712,886 25, 794
3,113, 072 40, 799
5,981,228
2,273, 521
8,633,109
4, 564,257
2,304, 009
2,437,389
1, 687,092
3,072,273
7, 048, 588 766, 663 31, 588,663 635, 785 30,952,878
609, 506 273,391 1,840,231
769
3,940
307,318
4,113
375,821
916,885
15,627
6,483 1,161,675
392,267
3,959
203,955
543
21,453 1,198,680
4,336
39, 472 1,344,092
8,794
11,208
16,315
12,800
8,927
3,034
19,738
9,681
17,400
298, 524
364,613
900,570
1,148,875
383,340
200,921
1,178,942
338,527
1,326,692
247,713 1,341,995 1,674,885 1,338,960
99, 926 6,248,901
107,897
6,141,004
554,900
341,866
18, 565 88,405
391,235
216,213
933
63,064
85,096 506,696 5,121,802 2,769,256
82,279
1,720
65, 920
71,430
125,405
14 36,507
154,317
65,261
68,800
10,658
234,172
246,382
7,063 103,643
29,008
32,284
712
75,313
6,454 104,225
13,859
19,644
111,884
1,500
9,091
3,000
9,741
21,270
527,291
17,099
243,613
138,604 4,238, 422
102,190
3,137
157,882
7,960
1,802
52, 479
197,844
4,138
24, 598
201
139,170
4,283
118, 730 1,516,853 1, 587, 510
140,51:
524,676
366,099 3,491, 584 1, 617,842
110, 777 1,057,171 1,258,898
482,020
133,135
549,981
469,316
262,464
628,078
515,145
289, 099 287, 541
193,369
841, 521 737,062
30,596 1,841, 515
11, 519 1,109,589
154,250 15,154,244
354,828
2,390
12,930
597, 111
1,901
264,644
7,863
869,313
346
104, 738
8,452
432,487
127, 506 113,391
83,468
137,477
339,505
316,022
80,204
44, 560
160,187
36, 509
144,063
49,695
59,933
204, 529
271,331
81,635
52,890
336,426
123,362
495.084
58,004
59,150
156,756
224,385
100,489
38,060
312,030
87,151
302,935
W
O
882,059 6, 745,375 3,938, 773 230,247 20, 728,469 341,973 20,386, 496
Total
United
States (exclusive
1,789,103 47,470,386 .0,197,777 1,039,753 7,314,475 4,072,159 , 140,416 934,280 5,315,852 45,285,993 28,161,504 3,428,601 157,150,299 ,842,051 154,308,248
of possessions)
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the
United States
Total possessions
9,491
1,890
81,554
72
11,624
24,696
14,158
514
5,751
14,158
514
13,195
Total United States.
and possessions 1,798,666 47,565,454 10,222,473 1,045,504 7,328,633 4,072,159 ,140,930
309
5,678
107,837
191
234
290
7,225
2
360
3,665
244,327
3,338
5,751
8
13,186
3,656
95,068
39
20,972
29
fel
1,921
67
251,690
115,936
7,818
3,752
30
903
11, 570
501,263
192
20,679
45
20,634
538,389
3,827
903
11, 570
505,015
222
934,280 5,329,047 45, 537,683 28,277,440 3,436,419 157,688,688 , 845,878 154,
O
a
w
pa
TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec, SO, 1961 {including national, State
commercial, savings, and private banks)—-Continued
j
Capital
Location
Common
stock
24,611
9,064
13,094
167,827
24, 755
71,285
Maine
New Hampshire
Vermont
I^t assuchusetts
Rhode Island
Connecticut
-
Marvland
District of Columbia
-
Total Eastern States
Virginia
West Virginia
North Carolina _
South Carolina
Georgia
Florida
Alabama
__ _
- -
Louisiana
Texas
Ken tucky
Tennessee
Foreign
Individgovernuals, partments,
nerships,
and corcentral
porations banks, etc.
100
75
978
200
319,527
213,429
127,796
3,788,517
422,276
1,629,131
U.S.
Government
States and
political
subdivisions
Banks in U.S.
Commercial
Mutual
savings
o
Certified
Banks in and ofi cers'
foreign
checks,
etc. i
countries
O
S
5 811
14,745
11,487
5,329
185 856
20,925
85,011
33,184
35,929
19,748
370,187
44,960
121,687
6,332
4,555
1,494
331 511
3,314
18,296
8,253
8,603
980
133 217
9,149
39,846
27 344
1,822
88
5,394
3,392
3 024
65 987
9.293
37,961
18
- - _
Total Southern States
150
1,353
6, 500,676
5,811
323,353
625,695
365,502
200,048
29,272
125,051
1,415,886
179,832
411,827
19,819
58,684
32, 582
44,676
5,465
130
' 2,698
60
25,321, 720
3, 582,153
7,543,592
492,897
1,469, 517
1,057,267
559,936
18
4,263
29
26,831
1, 532,919
158,412
383.590
32,055
76,634
33,351
1,144,456
436,504
491,047
35,867
154, 738
194
4,087,913
79,606
763,025
6,880
107,611
67,349
493,428
23, 774
38,011
3,276
10,253
1,038,047
544
34,608
17
1,580
4,688
2, 755,270
79,963
122,363
3,834
19.185
19, 569
2,118,630
—
-
150
Preferred
stock
Demand deposits
310,636
Total New England States
New York
New Jersey
Pennsylvania
* Capital
notes and
debentures
3
to
[In thousands of dollars]
50,141
2,913
39,467,146
591,077
2,216,961
2,262,806
5,112,384
568, 742
1,079,484
3,000,184
1,060
1,610,969
670,262
1, 701,803
694,848
1,607,968
2,662,844
1,138,979
731,358
1,556,797
7,397,715
816,024
1,543,938
1,620,859
70,310
26,550
81,193
32,831
80, 293
85,076
43, 533
20,071
58,191
200,298
19,626
51, 717
64,234
185,678
105,300
176,310
116,845
219, 540
436,980
226,287
206,241
362,001
706,028
113,597
165,498
252,223
215,834
60,464
357.014
37. 524
309,185
434,232
98,308
102, 946
331.044
1,689,477
106,773
270,887
488, 205
308
781
4,181
329
49
3,509
17,072
46
2,315
36,617
9,040
24,151
7,724
22,529
47, 731
10,295
7,823
25,967
201, 993
8.173
20.266
19,239
833,923
3,272, 528
4, 501,893
28, 768
441, 548
H
91,928
37,466
76,101
34,037
89,001
173,184
63, 412
31,537
76,728
417,486
37,638
62, 583
90,048
1,281,149
25
177
22
50
650
110
17
50
177
1,959
23, 754,364
632
1,892
4,110
6
6,640
178
o
M
I
Ohio
_ , .
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
_
_
Missouri
Total Middle Western StatesNorth Dakota
South Dakota
Nebraska
_
_
Kansas
Montana
_
_
Wyoming
Colorado
_
_
_
New Mexico
Oklahoma
Total Western States
_
Washington
_
_
Oregon. _.
California
- _
Idaho
Utah
Nevada _
Arizona
Alaska _ _ _ _ _ _
.
_
_
Hawaii
Total Pacific States
Total United States (exclusive
of possessions)
Canal Zone (Panama)
„__ _
Guam
Puerto Rico
American Samoa
Virgin Islands of the United States. _
Total possessions
Total United States and possessions
1
12,964
47
16
250
5,646,903
2, 545,407
9, 537,694
3, 715,838
2,249, 739
2,036,220
1,796,256
3,412, 964
314,165
108,067
526, 667
262,419
99,826
98,065
58,442
133,220
583,265
460, 995
723,146
416,835
202,022
296, 789
219,640
385,418
424,675
181,323
1,739, 520
260, 701
224, 787
406,027
202,331
862,887
1,259
1,370
1,853
363
832
650
3,890
2,000
255
425
150
1, 724,067
1,789
7, 545
30,941,021
13,312
1,600,871
3,288,110
4,302, 251
11,677
20,235
19,651
52,362
67 300
23,458
6,373
64,561
21 460
78,995
100
354,395
----
78,576
59, 747
599 441
19 103
26,942
13 816
36,393
6.650
26,745
867,413
6,656,290
100
52,257
370,992
429,104
1,115,978
1,333,853
435,129
' 214,703
1,255,506
408,549
1,713,863
10,790
11,350
46,947
46,574
11,840
6,339
50,056
25,114
61,032
67,627
67,532
121,637
421,891
73,240
49,084
84,985
89,507
233,196
14, 901
17.230
179.691
131,516
39,071
16,847
154,947
17.921
247,151
7.277,677
270,042
1,208,699
819,275
219,726
128,840
807,598
87,141
104,010
37,939
125.805
15,293
58,986
63,743
29,753
498,963
4,452
50,081
2,857
15,220
1,226
11,582
11, 712
1,304
1,163
135,632
11,076
2,881
92,911
15
100
3,946
73
3,422
25, 982
41.491
577,500
8,382
12,518
7,055
28, 753
2,323
13,477
45
5
256
20
16,263,870
45,971
706, 778
1,585,338
. 677,877
14.267
114.424
14,745 124,204, 754
662,811
5,951,928
12,243,176
15,779,182
794, 734
1,340,274
51
150
15,715
8
256
O
o
K
5,062,647
19
O
717,481
875
1,751
2, 720
62, 712
3,227
3,596
302,564
70
18,047
72,255
13,431
14,745 124,507,318
662,881
5,969,975
12,315,431
15,792,613
88
13,229
14
50
7,774
2,663
6,413
133
1,064
43,685
Includes dividend checks, letters of credit, and travelers' checks sold for cash.
5,292
5,152
17,415
18,411
8,617
4,677
33,133
9,007
33,928
69,100
32,132
506,098
10,340
16,570
14, 724
22,876
4,927
30,011
43,250
100
335
52,257
642, 751
460
2
43,738
7>295
7,470
276,308
316
11,175
6,699,975
607
6,588
1,509,926
928,604
11,704,255
324,618
444,408
212 156
746,802
94,001
299,100
875
_
285
87, 549
777
175
113.075
51,126
219.199
89,362
39,910
45, 939
38, 785
45,355
450
100
244
9,974
900
45,669
17,475
4,204
4,078
58
5,191
21
316,446
113,041
559,979
235 635
106,109
120,330
80,601
191,926
6
139
101
202
259
794,734
16,180
1,340,533
a
5,078,827
to
00
CO
TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions} Dec. 30, 1961 (including national, State
commercial, savings, and private banks)—Continued
[In thousands of dollars]
Time and savings deposits
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Savings
-
---
T
,
-
,--,-
,--
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georeia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
-
- --
- -.
-- --
Total Southern States
247
42
555
3,393
26
16,272
5,602
4,301
125,150
40 489
19,617
42,953
U.S.
Government
Postal
savings
780
103
126
6,356
815
2,067
7
10
3
598
146
25
States and
political
subdivisions
3,868
3,839
4,134
29 446
15,974
7,272
Banks in U.S.
Commercial
98
90
236
2,010
Mutual
savings
145
Banks in
foreign
countries
4,082
85
13,094,801
Total New England States
New York
Pennsylvania.
Delaware
M! ary land
District of Columbia
729,397
753,600
384,733
6,954, 563
944 568
3,327,940
AccumuOther deForeign
lated for
posits of
governpayment of individuals,
ments,
personal partnerships,
central
loans
and corpora- banks, etc.
tions
- -
-
4,263
211,431
42,953
10,247
789
64,533
2,519
145
4,082
29, 730, 460
4, 580,108
7,171, 784
298, 295
1,325 030
315,862
14,137
1,948
8,936
35
8 113
18,036
2,422,789
150,557
484,541
21,372
36 073
73,688
1,653,516
1,000
46,019
183
149,880
10
30
87,655
25
1,950
17
479
696,548
81,100
219,289
12,938
43,218
118,162
297
3,029
12,030
43,476
2,856
5,354
365
6 498
16,548
43,421, 539
51,205
3,189,020
1,712,565
75,097
1,643
1,053,093
122,201
149,920
89,630
1,229,237
446,180
630,110
173, 538
669 615
1,307,103
611,314
260, 875
672,040
1,828 046
306, 441
418,338
969, 943
2 388
1,740
19,283
3
359
2,884
2,765
1,303
4,523
199 897
1,648
17,082
3,102
83 127
17,392
71, 933
10,909
113 156
90,462
43,459
102,343
77,866
672 682
47,055
98, 705
131,617
2 000
939
286
3,645
2,565
2,965
1,387
3,219
1,210
6,175
4,119
10 035
360
123
1,502
9, 522, 780
256,977
1, 560,706
37, 483
15
949
2,220
5
1,114
975
44
2,000
8,277
6,339
5 012
4,773
1,413
1,447
1,888
14 123
138
2,039
1,581
224
100,230
2,096
136,162
26,147
89,661
183,021
13,688
1,851
45, 546
516,468
3,392
37, 772
68,196
13, 775
58,498
7,742
1, 224, 230
11 032
436
4 270
2,500
3 005
372
1 092
445
26
713
178
300
100
400
to
00
3, 898, 473
1 468 098
5,189, 596
3,941,304
1, 761,816
1 340 543
730,958
1, 230,052
Ohio
Indiana
Illinois
Wisconsin
]Vf in neso t a
Iowa
Missouri-
-
-
.
19, 560,840
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
- ..
» _
-
Total Western States...
- -
_ ~
„
Total Pacific States
Total United States (exclusive of possessions)
_-_
Canal Zone (Panama)
Guam
_>
«
__»»»__
Puerto Rico
American Samoa _ _
_.._...._
Virgin Islands of the United States. _
_
Total United States and possessions
220, 477
45 263
200,088
275,943
54, 661
44 005
4,124
88, 532
421
2 108
5,851
1,256
2,657
21
15
195
9,350
50
150
12, 524
10,050
2, 030
106,929
25, 616
4,797
933,093
500
656
264
2,102
441
979
533
2,652
3,548
6
7
34
61
2
23
10
284
99
54,066
25 572
6,974
70,760
14 980
23,326
67 327
35,581
31, 712
125
460
840
2 000
500
126,045
116,421
72,034
83,799
49 102
9,877
99 140
18,779
76,576
21,065
651,773
673
11,675
526
330,298
1,533
1,384,764
863,310
10,143,902
240,999
369,397
176,638
437,281
53,825
198,386
17
9
108
6
8
46,682
51,412
804,662
7,300
20,869
11,324
34,819
1,321
63,195
7,500
4,958
324
55,568
1,163
1,517
1,010
1,775
11,787
7,358
9
14
203
11
499
130
286
21,447
100
750
27
27
447
5,030
139,761
1,490,693
31
42,122
28, 707
41,652
28,443
93,514
13,868,502
- _ -
- > _ .. _ . ,
» -
Total possessions
3, 211, 662
795
1 059
949
46
1,010
232
187
519
1,857
3 343
8,251
2,931
1,938
1 564
1,560
4,172
3, 500
99, 399
2,572,274
__
Washington _ _ _ »
Oregon
California
» _
Idaho
Utah
Nevada
» .
_ _
Arizona
Alaska
Hawaii
434,578
340,027
253 109
717,184
358, 978
331,417
563 520
283,041
364, 386
1,899
12
156
4,937
3 145
12
108
40
10,756
252
1,041,584
323,631
85,460
1,237
1,869,953
23,221
765
102,040,736
2,200,526
266,593
16,734
5,475,200
199,481
150,830
131,234
7
3 135
2,748
11,094
50
5,485
35,299
1,515
9,988
_-_
150,830
3
27,072
131,234
118,804
134,121
222,699
487,984
228 688
129,454
576 859
161,868
511,797
- - _
366,622
713
54,847
1,944
655
293
4,850
4,654
104
673
314,131
2,000
30
5
73
O
o
340
50
375
o
21
487
768,340
9,866,176
1,082
9,483
202,097
455
14,146
4,187
1
350
2,530
107,926
58
173
227,263
4,188
111,037
7
17,006
50
52,287
772,528
9,977,213
2,200,533
283,599
16, 784
5,527,487
200,191
1,610
710
102,267,999
5,550
100
19,812
29
682
28
to
CO
TABLE N O . 43.—Assets and liabilities of active national banks, Dec. SO, 1961
fcO
00
ASSETS
[Dollarfiguresin thousands]
Balances
Obligawith other
U.S.
CorpoLoans and Govern- tions of
Other
banks,
rate
Num- discounts, ment ob- States
including
bonds,
stocks,
ber of including ligations, and po- notes, and including Currency reserve
direct and litical
banks
overdeben- stocks of and coin balances
subguaranFederal
drafts
and cash
tures
divisions
teed
Reserve
items in
banks
process of
collection
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
B
Other
assets
Total
O
S
M
1,325
941
437
17,103
2,568
3, 843
376,103
360,334
235,857
4, 565,324
607, 873
1, 357,069
s
65,581
26,217
7, 502,560
§
7,086
1,417
5,197
156,301
539
11,253
174,713
19,195
36,865
947
233
353
1,228
5,345
2,399
15,074,933
5,006, 718
10,244,677
9,667
1, 48ft, 200
993.140
169,321
238,517
19,443
16,239
12,012
208,440
75, 487
126,038
4,344
2,417
2,927
14,151
4,727
5,756
786
748
456
13, 528
1,180
3,766
8,385
9,012
3,861
60,094
10, 519
33,544
52,541
64,443
29,003
964,041
59, 595
234, 577
6,846
5,255
3,118
43,342
7,879
25, 804
248
230
199
963
133
607
330
228 3, 666,333 1, 605,977
457,659
34,322
20, 464
125,415
1, 404,200
92, 244
2,380
1,768
6,927,786 3,205,969 1,284,681
2,225, 665 1.215. 821 618, 611
4,647,416 2, 572,345 961,867
4,578
2,910
513
624, 928
411,054
87,128
440,917
281,909
32, 653
102,980
77,960
142,191
216
22,308
5,011
42,039
9,378
30,631
24
2,854
1,770
138,495
92,852
169,481
220
187,649
60,165
128, 307
148
19,039
lb, 462
4,090
1,310
3,797
16,222
2, 843,144
683,805
1, 535,327
1,058
284,130
195, 564
14, 871,290 7,690,008 2,985,453
350, 666
444,156
127
51
856
404
65,467
106
H
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
233
156
460
3
52
4
Total Eastern States
Total Southern
States
Investments
and other Customassets in- ers' liadirectly bility on
represent- accepting bank ances outpremises standing
or other
real estate
199,298
82.760
175,880
85,118
124, 618
58,370
2,101.020 1,016,771
327,208
118, 471
678,309
244, 487
Total New England
States
Virginia
West Virginia
North Carolina
South Carolina
Georgia.-.
Florida
Alabama
_
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Real
estate
Bank
premises owned
other
owned,
than
furniture
bank
and
fixtures premises
128
76
31
25
53
121
69
27
42
473
56
86
74
_._
1,261 13,192,321
5, 543,028
411,770
10,377
14,053
151, 477
47,130
67. 646
48,488
91,940
222,139
154, 919
48,222
138, 844
678, 853
79,080
69, 576
149,688
47,987
7,864
23,674
9,761
12,892
40, 788
16, 404
2,061
8,898
113,999
10,867
13,734
22, 828
4,698
1,714
2,412
1,442
4,087
7,190
3,207
983
4,275
22,241
1,448
2,499
5,130
392,237
44,544
131,493
19,142
271,014
27,135
150,990
17, 997
423, 795
23,651
912.389
70, 780
338. 312
34,396
97, 611
10,904
513,747
29,995
117, 894 2,941,141
179, 896
13,153
270, 469
22,625
636, 772
48, 564
31, 562
9,332
15, 738
13,187
32,909
59,652
20, 232
7,299
25,074
199,288
10,154
11,796
26, 742
921
632
209
224
577
2,284
980
84
418
9,353
498
621
2,422
1,881
542
3,9S1
245
2,700
22,966
3,144
500
2,248
5,577
154
1,198
7,326,402 1,948,002
331,757
61,326
480, 780 7,259, 866
462, 965
19, 223
45,136
1,051,099
538, 805
295,324
283, 228
556,806
217, 218
321, 241
209,187
908,811
362, 813
1,319, 888 1,028,940
762, 740
384, 539
185, 411
97, 685
900. 593
589, 643
4, 823, 888 2,475, 599
317,974
176,315
478,115
357, 609
1, 270, 431 604, 821
6
4
40
148
415
22
1,783
39,040
2
146
5,365
47,280
32, 815,335
5,877 2, 271,397
798,600
2,199
4,518
1,190,357
2,514
775.280
5,286 1, 869, 501
17,154 3, 704,318
6, 432 1, 725, 720
1,613
452.395
10,075 2, 225.593
39,894 11, 466,767
2,515
792,056
3.264 1,231, 652
7,396 2, 780,159
108, 737 31,283,795
P
Ohio
a
j£
o
£J
i
to
Indiana..
Illinois .
Michigan
Wisconsin
__
Minnesota
Iowa _
Missouri
Total Middle Western States
JL North Dakota
oa South Dakota __ .
Nebraska
Kansas .
M ontana
Wyoming
..
Colorado
New Mexico
Oklahoma
Total Western
States
Washington
Oregon
California
___
Idaho
Utah
Nevada
Arizona
Alaska .
. _ « _
.
Hawaii
_
Total Pacific States.
Total United States
(exclusive of possessions)
Virgin Islands of the
United States
_
Total United States
and possessions
222
126
400
79
101
180
97
77
1,282
298
23,004
13,937
60,859
27,067
8,341
11,973
3,694
11,877
7,011,393
3, 493. 641
14.552,030
5,421,950
2, 449, 646
3, 341, 219
1,199,938
2, 693,358
80,839
160,752
40,163.175
405,613
460.188
1, 358.204
1,533,459
479,011
351, 720
1,829, 283
578, 770
2,641, 606
1,968,425
504,953
1,020,373
195,813
3, 736, 540 1,153, 559
1,448,006
573,403
660, 774
136,530
729, 295
192,602
312,676
88,264
657,013
145,368
70,279
40, 658
237,267
16,125
31, 823
66,116
13,138
21,363
14,914
6,242
33, 699
9,774
3,838
6,173
1,918
4, 975
112, 555
62,041
124.097
80,288
29, 501
28,258
15,917
24,908
1,152,950
683, 389
2.983, 8 U
838,381
556, 708
764,491
268,071
683.411
80,939
41, 363
68,032
53,982
23.095
34,733
9,094
19,068
1,857
1,418
5,065
3,241
1,385
1,217
618
1, 720
3,721
213
4,777
8,058
1,055
16. 719
1,137
2,668
329
170
77, 756
1,134
311
841
16,998,696 10, 533,102 2,990,492
496, 769
81, 533
477, 565
7,958,202
330,306
16, 571
38, 348
3,077,467
1,431,024
6,066, 578
2,332.491
99b, 285
1, 488,801
485,361
1,120, 689
38
33
121
167
43
26
80
29
200
167,316
206, 874
617,358
588,905
197,163
143,006
818,274
235,553
1,082.126
122,407
135,650
313,472
404,371
137,629
105,052
508. 434
178, 735
612,445
33,862
23.620
87,626
149,307
33,421
18,384
66.008
21,731
180,218
11,918
10,403
15,199
26,187
11,281
3,157
3,630
2,229
27,256
655
888
2,480
2,847
701
521
2,998
903
4,655
4,500
5,163
14,342
18, 626
6,158
5,010
18,054
10,884
29, 871
55, 531
67,050
288, 371
323, 733
81,595
68,693
379, 826
119, 790
661.021
6,783
6,984
11,150
14,948
8,750
6.187
14.964
7,151
31,653
176
226
1,029
476
270
749
1,111
388
1,355
531
854
2,480
707
16
13
4,991
275
5,342
230
1,934
2,476
4,697
3,352
2,014
961
10,993
1,131
5,434
737
4,056,575
2,518,195
614,177
111, 260
16,648
112,608
2,045.610
108,570
5,780
15,196
243
32, 992
9,637,854
24 1,348,381
10
927. 597
40 10,628, 794
10
249,756
7
289,208
3
174,827
3
645,611
7
84.117
2
165,276
196.637
687,597
197,043
486,356
4,549.546 1,483.079
39,232
165,537
41,150
92,840
41,348
84,956
51,494
193.011
9,424
59,012
89.633
19,559
12,355
37, 975
163, 225
470
4,198
11,631
5,578
6,664
2,360
4,831
3,242
78,580
894
1,053
645
2,436
291
612
35, 999
17,516
178, 928
7,127
5,785
6.254
17,653
6,767
6,468
517, 840
349, 899
3,575, 562
73, 948
98,955
36,025
219,879
18.510
50,284
45,866
36,289
310, 780
8.836
1,470
7,586
23,637
3,483
5,952
1,380
1,336
3,391
20
60
45
479
323
621
3
62,053
3,633
3,013
107, 337
64
13,405
12. 996
126, 692
2,262
896
2,304
10,852
312
8,597
2, 868, 545
2,073, 265
21, 267, 967
548,082
541,815
365, 957
1,179. 036
190, 476
348,805
106 14,513,567
6,408,488 2,078,966
244,456
92, 584
282, 497
4, 940,902
443, 899
7,034
76,695
116, 544
178,316
29,383, 948
359,251 1,923,021 29,151,808 1, 849, 754
61,365
191,196
479,808
745, 531 150, 786,667
4,512 67,298, 782 36,082,172 11,074,749 1,569,230
1
9,952
5,506
2.601
4,513 67,308, 734 36,087, 678 11,077,350 1,569,230
30
634
2,982
6,200
336
5,903
1,573
2,497
94
359,281 1,923,655 29,154, 790 1,849,848
586
61,365
191,196
479,808
22,385
746,117 150, 809,052
to
00
TABLE N O . 43—Assets and liabilities of active national banks, Dec. 80,
1961—Continued
to
CO
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Maine
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
lessee
Total Southern States
200,126
242,153
83,617
3,306,698
256,220
910,960
Time and
savings
deposits
128,600
68,945
126,931
641,634
287,046
289,548
Total
deposits
328,726
311,098
210,548
3,948,332
543,266
1,200,508
AcceptRedisances
counts and executed
by or for
other liabilities for account of
borrowed reporting
banks and
money
outstanding
8
200
1,241
Other
liabilities
65,959
118
8
11,722
14,134
4,166
126,354
16,857
52, 592
Capital
stock i
Surplus
12,786
6,559
7,283
106,568
13,605
33,588
13,414
18,817
8,057
234,472
25.753
55,056
Reserves
and reUndivided tirement
account for
profits
preferred
stock
8,311
8,051
4,472
63,284
8,259
14,486
19,114
15
831
1,136
1,475
1,331
8
o
4,999,774
1, 542,704
6,542,478
1,449
66,085
225,825
180,389
355,569
106,863
23,902
8,884,372
2, 551,578
5,331,548
3,874
941,958
688,010
4,148,940
1,980,289
13,033.312
4,531,867
9,030. 410
8,742
1,348,880
909,153
83,968
10,225
2,675
160,978
539
11,529
541,176
108,641
168,902
27
22,677
11,339
397,606
109,828
259,734
175
29,361
19,597
618, 772
177,153
617,796
625
63,399
38,833
229,748
58, 588
143,018
94
14,491
10,488
9,373
9,877
10,613
4
6,164
3,730
852, 762
816,301
1, 516, 578
456,427
39,761
3
37,894
14,707
11, 799
10,081
19, 957
37,164
28,611
495
34,131
139,389
15,083
20,104
35,783
3,260
3,413
1,558
1,427
17,479
10,070
10,066
268
380
30,847
1,665
2,123
4,361
M
405,198
86,917
18,401,340
1,253,491
461, 529
825,859
574, 520
1,299,055
2,454,034
1,107,369
308, 935
1,529,294
8,003,278
549,384
872,629
1,803,047
21,042,424
4,868
406,922
221,143
10,461,024
28, 862,364
782,382 2,035,873
245,372
706,901
237,049 1, 062,908
112,175
373,853 1,672,908
909,665 3,363,699
441,443 1,548,812
104, 792
413,727
491,918 2,021,212
2,423, 534 10,426,812
173,939
723,323
243,952 1,116,581
732,379 2,535,426
7,272,453
1,228
28,314,877
174,274
425
300
1,400
6
4
40
171
415
22
1,926
40,017
2
146
5,365
53,592
48,423
275
6,650
2,000
2,400
40,142
43,215
15, 723
34,001
30, 566
36,467
48,437
29,646
3,782
25,335
74,855
5,552
11,025
36,053
394,657
52,063
19,001
26,254
14, 519
42, 568
104,381
43,898
9,239
43,290
321,665
20, 545
27, 804
60,230
785,457
98,358
38,555
53,831
31,988
79,807
133, 746
62,272
24,862
96,919
393,040
25,886
53,869
101,541
1,194,674
a
3,947,283
2.175,420
9,155,024
2,827,401
1,427,175
2,135,039
835,056
1,947,248
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
Hawaii
Total Pacific States
_
Total United States (exclusive of possessions)
- Virgin Islands of the United States
Total United States and possessions
3
See classification on pp. 242 and 243.
2,352,355
973,635
3,950,477
2,119,498
795,448
886,432
265,906
515,760
6,299,638
3,149,055
13,105, 501
4,946,899
2,222,623
3,021, 471
1,100,962
2,463,008
24,449,646
Ohio
Indiana
Illinois
Michigan
11,859,511
36,309,157
233,609
275,415
1,022,255
1,097,843
286,631
206,257
1,168,825
386, 524
1,912,137
136,655
147,354
202,848
294,239
150,209
114,890
514,060
145,688
481,877
370,264
422,769
1,225,103
1,392,082
436,840
321,147
1,682,885
532,212
2,394,014
6,589,496
2,187,820
8,777,316
1,702, 566
1,008.932
10,009,081
317,629
286,252
192,575
690, 585
95,569
173,410
897,564
872,495
9,303,164
186,746
204,901
138,769
383,368
80,566
139,897
2,600, J30
1,881,427
19,312,245
504,375
491,153
331,344
1,073,953
176,135
313,307
14,476,599
12,207,470
172,298
70,474
411,326
112, 561
43,934
81,157
24,410
65,423
302,467
136,620
556,833
197, 589
84,460
123,220
39,803
92,683
90,352
58,810
152,831
66,181
35,837
58,812
26, 735
42,374
9,123
53,721
7,921
7,147
5,075
1,876
5,734
114
550
329
374
78,125
1,134
311
841
298
132,175
69,185
157,393
89,665
55,220
50,093
6,152
23,838
47,008
81,412
583, 721
981,583
1, 533,675
531,932
94,687
13
9,065
10, 560
33, 598
34,391
11,193
4, 528
42,276
14,395
62,940
12,766
13,190
48,391
61,084
12,197
13,106
57,420
15,265
91, 762
7,229
6,773
28,803
30,411
9, 549
7,742
27,465
5,856
70,112
724
413
3 862
2,388
317
998
1,575
4,790
4,247
10,044
36,300
4,09C
230
5,565
6,483
9,883
10, 564
8,002
4,199
17,662
6,252
18,301
12,003
243
86,911
222,946
325,181
193,940
19,314
o
13,100
3,691
3,043
109,908
67,807
48, 528
401,338
13,525
13,075
9,775
22,435
5,150
8,600
93,039
59,682
753,511
15,295
18,935
11,725
41,365
4,075
11,800
52,806
51,166
242,100
6,192
7,768
5,005
12,021
2,890
5,241
1,313
26
7,520
2,138
2,193
66
1,757
410
2,176
3
!
8,564
2, 539
900
400
195
2,497
64
49,759
29,393
428,245
6,557
8,691
8,042
24,608
1,621
7,617
26,684,069
13,695
119,203
564,533
590,233
1,009,427
385,189
17,599
89,959,279
6,180
45,530,982 135,490,261
14,176
20,356
224,615
489,640
2, 708,409
465
3,576,909
335
5,935,104
675
2,079,549
554
282,180
89,965,459
45,545,158 135,510,617
224,615
489,640
2,708,874
3,577,244
5,935,779
2,080,103
282,180
TABLE N O . 43.—Assets and liabilities of active national banks, Dec. 80,
1961—Continued
[In thousands of dollars]
Loans and discounts
Real estate loans
Location
Maine
New Hampshire
Vermont,
Massachusetts
Rhode Island
Connecticut.
Total New England States
New York
New Jersey
Pennsylvania
Delaware..
Maryland
District of Columbia
Total
Eastern
States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas.
_
Kentucky
Tennessee
_
Total Southern
States
_.
Loans to finan- Loans for purcial institutions chasing or carrying securities
Secured Secured
To doby
by resimestic
farm
dential Secured comland
by
propermer(inother
ties
cial
cluding (other proper- and
imties
than
foreign
provefarm)
banks
ments)
2.776
1,133
7,977
2,804
1,092
99
16, 741
37, 798 17,891
29.865
8,700
1,230
40,153
10,038
156,826 124.696 15,305
116,886 30.301
135, 725 37. 519
1,175
1,810
Directly
guaranteed by
the
Commodity
Credit
Corporation
34,843
120
15,889
1,76:
978
1,414
11,974
289
3,841
19
19
127
64
120
205, 503
53,837
390.095
69,845
29, 747
20,263
74,254
18,314
37,872
700
57
43,495
65,385
5,331
6,759
19,369
2,773
127,633 2,847,146 965,432 85,295
74,062
24.895 212,983
851
79,836 26,332
4,971
150
24,186 26,503 2,214
6,971
r
18, 569 21.05,
2.807
1,
59, 038 47,02
1,618
8,220
7,710 144,325 106.978 3,111
62,001
40,065 6,006
10,766
12,655
17.804 3.000
4,1
66,320 64,256 7,631
4.283
32,880 161.340 202,512 48,534
24.003 22,611
11,516
50.908 36.619
19, 055
58,785
73,879
992
13,408
845,122
152,181
854,099
990,043
229,144
2.3,
206,254
378,343
302
61.900
44,939
4,314
6,962
133
157,805
18,858
17.431
Other
16,535
517.253
860, bo.1
717,241
1,076,004
2,052
105,171
85.995
Other
To
brokers
and
dealers
in securities
Loans to farmers
744.609
75,805
501,777 152,582
19,199
2,074
15,822
3,929
12.073
21,139
9,115
485
20,644
51,467
5, 505
10,100
30,053
201,605 374,676
Other
loans to
farmers
(excluding
loans on
real
jommercial and
industrial
loans
(including open
market
paper)
72,064
7,291
58,92C
3,39
20,943
8,351
7,918 1,092, 486
100,404
747
211,982
3,073
30, 777 1, 556. 799
67,412 3,2u6,912
15,168 508,340
84,166 1, 738,881
389
454
13,019 187,324
57
127,219
Other
All
loans to other
individ- loans
uals for
(inpersonal cluding
expendi- overtures
drafts)
53.887
63,017
35, 574
542,480
50,28C
236,319
3,745
202,707
2,724
178, 736
1,
126,152
72,896 2,220.053
11, 569
330, 545
31,05C
693. 788
Less
valuaNet loans
tion
reserves
3,409
109,298
2,856
175,880
I, 534
124,618
59.033 2,161, 020
3,337
327,208
15,479 - 678.309
981, 55' 123,553 3, 751, 981 85,648
332.956 7,169, 2*3 241. 467
45.959 2,277,975 52.3T0
107,609 4, 740,200 92,784
144
4,578
11,832
632,618
17,526
449,274
8,357
2,195 180,211 5,769,130 3,281.349 516.026
345,45f
35 31,432
108, 745
13
3,586
162.273
10,024
12,285
103.506
4,765
888
300. 485
15,853 11, 728
428,239
400 23,395
241, 716
24,205
7.
6.165
59.605
1.873
185,266
3.026 13.015
1,017, 402
99, 570 234.334
88,752
15,166 23,941
151,234
576 31,463
387.964
9,522 29,066
164,641
Total
gross
loans
449,381 5,488,150 3,580,642
3,927,786
6,927, 786
2,225.665
4,647,416
4,578
624.928
440,917
402,608 14,871,290
!O24
fi.588
10.029
5.913
11.657
25.068
22.081
4.677
9,841
93.488
4,384
8.072
26.262
358,373 13,434,205 241,884 13,192,32H
B
S
S
O
o
H
o
1
t
a
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
51,314
24,623
38, 714
13,433
14,035
12.130
_
10,115
8,602
Total
Middle
Western StatesNorth Dakota...
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
172.966 3,159,855
—
Total Pacific StatesTotal United
States (exclusive
of possessions)
Virgin Islands of the
United States
Total United
States and possessions
_-.
37,396
184, 580 80,819
44.026
12, 558
93,617
638,154 263, 957 148,149
17, 626 16. 647
110,136
7,579
7,328
90,192
11,874
95, 790 15,512
4,167
2,792
21,638
19, 471
26,631
99,063
42, 668
43,491
29, 319
39, 810
43,462
26,199
83.436
23,988
59,809
9,371
12,840
22,198
17, 648
10,082
13,001
67, 785
18, 855
55,455
257,841
84,305
570, 507 5,826.047 3,919,810
81
2,465
1,421
16, 323
1,511
45
2,1
3.530
29, 892
500
66,445
1,561
526
10,53
2,944
127
1,037
8,84
4,415
6, 462
30,052
54,442
195,914
135,812
32,444
27,19i>
114, 840
21, 8K
88,856
392,182
16,124
233,151
12,975
182, 755
100,105 3,147.920
1,621
89, 771
2,717
83,042
787
38. 593
3, 724
162,672
41
21,368
1,711
54, 745
215,160
137, 754
36, 45
92.
58, 758
408,024
5,083
16,984
5,915
22,242
49
13, 562
19,644
52, 25l
1,500
7,355
3,000
9,191
139,805 4,014.017
875.863 215,053
4,742
9,201
1,400
1,257
7,919
31, 519
35,10)
4,472
2,245
55,350
7,570
69,719
227.235
21,141
82,155
60.451
604,030
12,031
25. 976
4,7tX)
15.360
14,436
24,426
2,128
3,670
200
646
3,568
107, 541 701, 36'
7,040
11
73,384
> 779 11,920,496 3,948, 846
,
549,920 4,066,817 1,460,186
915,185
6,660 1,153
669,851 11,927,156 3,949,999 549,920 4,066,817 1, 460,186 915,185
1,946
552
3,52J
3,119
25. 746
15,133
484
85,087
764
11
613, 763 106, 522
72
51,265 806,746
5,301
912,141
86,054
3,039 38,164 389,023
383.910 26,456
19,294 187,148 2,711.971 1,053,019 222.839
24,438 6i8,348
25C
632,153
72. 410
22,595
262, 799
38
237, 843 63,331
540.640
13,257 85,347
321, 776 38, 506
111,556
21, 475 103,196
90,956
17,415
58,354 354,964
21,651
288,012 27,300
458,691
906,563 136.091 1.333,170
4,420
1,893
7,064
13.060
2,105
4,857
5,744
2,002
19,308
60,453
Total Western
States
WashingtonOregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
722, 724 195,943 7,779
327,597 96,231 15,827
671,137 236.909 52,117
632, 762 169.199 9,807
249,875 60,009 7,234
298,881 64,604 10,900
77.105 29,122 5,462
149, 774 54, 546 26,965
108, 51'
38,34
44,626
167,048
173,164
45. 668
41,220
245,312
90, 361
438,40£
3), 638
39,926
117, 538
119,262
58, 547
28, 797
187, 196
57,40
227,061
1.284,153
875,374
3,142,062
1,455,071
6,243,408
2,377,209
1,022,858
1,509,217
494,999
1,135.333
554.311 17,380,151
2,150
3,000
14,207
3,050
1,155
244
5,858
3,345
37, 759
172, 385
214,658
628, 787
596.240
201,519
145, 396
831,604
242, 575
1,096,425
70, 76S 4,129, 5
64,595
24,047
176,830
44, 718
26, 573
20,416
9,638
14,644
3,077,467
1.431.024
6,066, 578
2,332, 491
996, 285
1, 488,801
485.361
1,120,689
381,461
5,069
7,784
11,42SJ
7,335
4,356
2,3'X)
13. 330
7,022
14,299
73,014
o
o
4,056, 575
302,47s
75, 394
506,13
182.002
52,106
351, 79.
1,971,246
400,149 3, 705, 137
57, 5337,157
46, 37/
53,171
15, 331
70,28
4,839
47,204
37,017
94,062
150, 564
177,29
24, 733
13i
26,413
2,724
24,120
39, 779
28, 743 1,375,421
27,040 I. 348. 381
8,406
927. 597
6,763
934, 360
107,42i, 10,830,061 201,267 10,628, 794
24J, 756
1.966
4,202
253,958
28y, 208
11,15S
3,354
292, 562
174,827
833
1,015
175,842
645,611
5, 525
6. 3)3
651,914
84, 117
255
3,376
87.4U3
165,276
1,722
1,212
166,488
681,893 4,960,228 2,813,045
166,02^ 14,768,09-J
254, 532 14. 513. 567
467,220 2,614,138 24,884, 507 15,451, 7771,789,058 68, 737,929 1.439,147 67,298, 782
1,415
665
31
9,997
45
467,220 2,614,139 24,885,922 15,452,442 1,789,089 68, 747,926 1,439,192 67,308, 734
to
to
TABLE NO, 43.—Assets and liabilities of active national banks, Dec. 80, 1961—Continued
[In thousands of dollars]
Demand deposits
Capital
Location
Common
stock
IndividForeign
U.S. Govuals, partgovernnerships, ments, cen- ernment
and cor- tral banks,
etc.
porations
168,390
187,079
70,134
2,480,669
12,786
6,559
Maine
New Hampshire...
Vermont
Massachusetts
Rhode Island
Connecticut
106,568
13,605
33,588
5,811
770,800
States and
political
subdivisions
Banks in U.S.
Commercial
Mutual
savings
7,418
10,287
3,041
132,054
10,614
45, 741
12, 713
29,179
7,988
235,385
30,607
42,127
3,290
4,313
305
287,217
1,367
6,482
6,206
8,518
958
101,587
1,790
19,811
Certified
Banks in and officers'
foreign
countries
etc.i
18
25,401
985
179,589
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of ColumbiaTotal Eastern States _
_
-
Total Southern States.
3,883,434
5,811
209,155
357,999
302,974
138,870
6, 523,859
138,708
4, 229,634
3,764
716,435
582,527
3,345
347, 564
87,558
246,078
35
50,008
20,015
391,001
275,102
341,852
48
85,625
166
675,865
35,866
421, 731
63,066
18,542
13, 727
203,019
98
20,992
73,075
45,995
7,419
622
2,982
751,258
1,093,794
1,252, 532
102, 754
227,713
48,149
14, 489
34,324
22,121
49,436
59,439
33, 549
7,820
47,620
167, 787
11,814
26, 757
51,816
92,181
55,685
51,242
84,024
116,120
283,981
149, 534
58, 759
184,370
519,034
54,177
49,023
161,190
149, 637
41,412
129,139
22,560
246,835
-
-
—--
-
-
2,091
2,777
1,191
38,574
4,495
25,911
26,492
130
88
50
14,145,108
816,033
—__-_
_
-
800
397,476
109, 740
259,684
175
29,361
19, 597
Total New England States.
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida.—
Alabama-MississippiLouisiana-Texas
Arkansas
Kentucky
"Tennessee
Preferred
stock
52,063
19,001
26,254
14, 519
42, 568
104,181
43,898
9,239
43,290
321,665
20,545
27,804
60,230
785,257
200
200
941,824
345,900
601, 594
440,023
873,021
1,677,775
823,259
197,297
1,026,767
5, 562, 540
394,369
682,133
1,104,370
14,670,872
13
24, 787
166,853
584
1,892
4,110
6,586
575,121
1,859, 320
93,281
42,547
248,082
1, 578, 557
84,941
107,461
470,417
3,613, 532
541,290
45, 523
54,189
27
8,761
11,538
2,315
661,328
= = =
21,417
4,043
9,560
5,792
13,170
30,180
7,417
2,466
17,054
154,978
4,083
7,255
12,939
26,639
290,354
283
473
3,412
329
46
3,509
16,272
o
p
Ohio
Indiana
Illinois
Michigan^
"W i s c o n s i n
Minnesota
Iowa
Missouri-
-- -- -_______
-
172,298
70,474
411, 326
110, 561
43,934
81,157
24,410
65,423
- --__
- - _
Total Middle Western States
TsTortb Dakota
South Dakota
Nebraska
JCansas
IVtontana
Wyoming
Colorado
New Mexico
Oklahoma
r
_
_ _
;
;
-_
--
- Total Western States
Hawaii—-'-./, ,
- _ -•
_
-_
67 807
48, 528
401,338
13, 525
13,075
9 775
22,435
5,150
8,600
- __-
—
Total Pacific States
j;' • ; Total United States (exclusive of posses>
sions).
Virgin Islands of the United States
Total United States and possessions
1
9,065
10, 560
33, 598
34,391
11 193
4 528
42,276
14,395
62, 940
!
12,930
47
2
174,973
73, 852
392,660
197,251
59,212
78 734
22, 747
62, 392
379,329
282,108
534,303
197,160
88, 913
185,409
58,858
121,266
291,424
172, 254
1,447, 776
206,414
171, 799
.01,168
176,196
477,291
823
1,370
1,062
17, 724,667
13,014
1,061,821
1,847, 346
3, 344,322
10,306
7,557
7,342
34,626
29,720
6,627
5 295
39,422
21,154
55, 220
15,219
34,258
79, 596
221,434
34,144
34 291
45,306
59,763
183,982
11,474
14,101
174,611
115,039
19, 552
16 151
119,636
15,972
239,874
206,963
707,993
726,410
64,486
27,602
355,457
7,770
8,559
12 048
17,039
4,402
12,688
193, 580
108,946
647,722
66,483
42,935
31 848
86,557
8,995
22,042
58,763
26,603
298,970
2,734
20,044
1 512
10,277
814
9,213
11,483
1,011
1,016
4,851,094
1
1, 342, 542
i
803,010
8,143,078
234,897
208,322
143 506
548,264
79,351
122,022
__
590,233
460
2
38,280
1,751
67,646
36,207
151,074
42,212
14,844
31,171
15,236
18,118
71,662
376,508
21
463
6,588
6,512
900
37,489
15, 742
3,932
4,078
58
2,951
3,191
2,798
13,146
9,516
4,636
3 847
27,274
6,385
25,471
45
256
450
772
13
61
3,317
73
1,901
fet
96,264
9,086
2,864
54, 551
22,166
38, 894
470,007
5,745
6,379
3 600
23,380
1,934
5,544
11,624,992
40, 493
510,051
1,209,108
428,930
13, 510
71,866
577,649
3,573,641
335
3,268
66,900,167
5,143
232, 757
50
3,314,369
217
7,075,560
565
9,668,700
73
265,440
425,144
2,077,142
132
\ 3,573,976
3,268
66,905, 310
232,807
3,314, 586
7,076,125
9,668,773
265,440
425,144
2,077,274
Includes dividend checks, letters of credit, arid travelers' checks sold for cash.
35
196,147
216,916
720,231
722,134
221 672
146 673
936,931
283,250
1,407,140
222,946
Washineton
California-_j_laho _
Utah
Nevada • • > _
Arizona
--
2,000
979, 583
•-_
- --
2,000
3,026,541
1,608, 729
6, 577,730
2,168, 575
1,088,010
1,427,891
561,961
1,265,230
1
to
CO
TABLE N O . 43.—Assets and liabilities of active national banks, Dec. 30, 1961—Continued
Jin thousands of dollars;!
T i m e and savings deposits5
Location
Savings
Maine _ _
New Hampshire
Vermont
M! assachusetts
Rhode Islaid
Connecticut.-
115,367
61,425
123,354
461,895
257,638
276, 514
--____
_
-
-
_
Total Eastern StatesVirginia
West Virginia
North Carolina
South Carolina _ _ _ _ _ _ _ _
Georgia
Florida
Alabama
M! issi^sippi
Louisiana
__ _
Texas
Arkansas
_ _Kentucky
Tennessee
Total Southern States
25
103
3,378
5
Other deposits of
Foreign
individgovernuals, part- ments, cennerships, tral banks,
and coretc.
porations
11,667
4,914
1,966
103,404
18,207
8,315
42,953
Banks in U.S.
U.S. Gov •
ernment
Postal
savings
States and
political
subdivisions
Commercial
Mutual
savings
Banks in
foreign
countries
716
97
98
5,803
355
2,040
7
10
3
585
24
629
35, 919
1,790
45
4,082
11,326
24
1,081
3,535
14,425
15
597
270,886
37,451
151,151
15
18,898
30
1,550
3,565
15,975
843
2,474
1,337
17,779
10,822
2,664
70
1,710
45
4,082
10
1,296,193
Total New England States.-New York
New Jersev
Pennsylvania
Delaware
Maryland
District of Columbia-.
Accumulated for
payment
of personal
loans
3,511
148,473
42,953
9,109
2, 975,465
1,853,489
3, 210, 766
4,778
361,309
162,184
14,137
1,948
5,475
356, 894
1,000
32,161
22.6^5
2,460
3,985
1,430
3,250
479.657
83,902
292,066
75
20,5^5
38, 742
7,716
4,770
8,772
479
8, 567,991
26,240
914,957
397, 771
42,602
1,091
478,401
12,431
673,419
233 506
166,221
91,027
285 079
759,264
400,133
77,062
394,236
1,272.972
148, 942
195.211
633. 624
1,418
29
2,416
1
37
19
2,548
17
2,840
124,665
1,091
896
51,873
10, 060
21, 602
5,556
46 128
60,126
27,892
24,122
52, 931
572,388
21, 573
31, 314
49, 250
2,000
13
148
2
51
1,080
24
15
166
44, 314
1,159
42,246
10.2H
37 076
83, 829
8,775
735
35.337
426,445
1.953
15.656
44,618
1,666
79
1,430
125
2.000
7,679
391
3,132
5,252
2 580
4,382
1,070
1,396
847
13,949
76
810
1,376
1,984
1,0^5
1,460
3,176
8,730
280
50
1,245
5, 330,696
135, 977
974, 815
11,775
42,940
2,253
752,357
21,240
2 270
2.500
3,005
683
61
10
300
100
400
Ohio
Indian a
Illinois
M^ichistan
"W"isconsin
Minnesota
Iowa
Missouri
Total Middle Western States...
North Dakota
South Dakota
Nebraska
Kansas
!M on tana
-
Colorado
New Mexico
Oklahoma
...
-
Total Western States
Washington
Ore a on
California
Idaho..
Utah
Nevada __
A rizona
Alaska
Hawaii
•
_
. - -
...
.
. _
. .
.. .
206,020
621
42,875
1,829
294
122
15
2,573
197,702
120,901
491,835
169,368
83,320
249,083
51,047
99,674
254,349
1,462,930
69,492
79, 541
157,249
227, 590
114,669
89,659
389,431
109, 776
385,063
1,700
10
144
1,467
2,681
5
7,254
61,316
53,559
39,929
33,862
25,980
7,095
84,564
11,166
60,671
1, 622,470
- -
1,835,417
820,394
3,187,528
1, 793 653
687,887
614,703
211,397
388,465
9,539,444
— --
13,261
378,142
41,331
46,338
568,431
3,965
16,021
6,836
25,856
975
18,508
834,863
709,999
7,299,036
181,618
173,224
124,209
328,126
46,483
77,370
20
4
74
3,500
1,077
3,145
8,149
1,629
1,866
1,523
1,532
3,071
160
916
910
30
857
68
51
28
108,228
27,143
117, 771
151,999
18,485
18,912
1,864
21,889
101
515
4,725
940
2,589
21
21,992
3,020
466,291
8,951
465
637
236
2,012
235
918
523
1,227
2,418
6
18
10
11
89
3 676
12,934
5,261
29,268
6 644
17,200
39 432
23,043
25,872
100
460
510
673
8,671
195
163,330
1,078
7,500
4,938
254
51, 556
1,140
1,455
1,000
1,750
11,677
5,393
9
14
184
11
489
27
20
10
5,008
115 740
1,066,376
12
13,658
6,724
25, 535
21,411
37,006
87,434
2,000
92,934
673
298,244
2,000
24
37
15C
9 250
50
150
60
9,600
1
o
5
3
75
14,437
290
50
75
3,550
100
4,805
50
1,610
9,774,928
98
728,261
307, 744
79,163
764
1,291,470
14, 562
415
10,065
Total United States (exclusive of possessions)
Virgin Islands of the United States
36,131,722
7,870
433,436
4,607,578
28
853,850
204,477
7,952
3,187, 768
6,250
4,025
40,122
Total United States and possessions -
36,139,592
433,436
4,607,606
853,850
204,477
7,952
3,194,018
60,052
28
60,080
4,025
w
o
40,122
Total Pacific States
I
Ox
and liabilities of all active banks other than national, Dec. 30, 1961 {includes State commercial, mutual savings, and
private banks)
TABLE N O . 44.—.
ASSETS
[Dollar figures in thousands]
Balances
Loans and
Num- discounts,
ber of including
overbanks
drafts
Location
U.S.
Obliga-
Other
Govern- tions of
ment ob- States
bonds,
ligations, and po- notes, and
direct and litical
debenguarantures
subteed
divisions
Real
with other
CorpoBank
banks,
rate
estate
including premises owned
stocks,
owned,
includi: Currency reserve
other
" "ng
than
stocks of and coin balances furniture
and cash
and
bank
Federal
items in fixtures premises
Reserve
process of
banks
collection
Investments
and other Customassets in- ers' liadirectly bility on
represent- accepting bank ances outpremises standing
or other
real estate
Other
assets
Total
assets
3
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
34,611
11, 782
21,381
209, 554
31,397
163,957
73,930
36,264
5,232
330, 927
87,187
333,826
523 10,217, 746 3,640,323
Total New England
States
._
472,682
28,061
39,190
2,977
249, 639
30,108
144,098
14,131
3,994
4,205
70,145
12,922
46,890
58,047
25, 780
24,491
461, 543
73,381
300,979
10,445
9,669
4,141
73,202
7,946
44, 544
921
1,208
183
5,442
178
1,458
837
4
893
1,937
256
12
1,053
24
47
1,677
1,211
471
33,938
2,222
8,591
3,939
1,124
912,998
827,446
379,035
9,225,918
1,088,041
4, 567, 770
152,287
944,221
149,947
9,390
48,110
476,104
58,991
90,016
11,973
17,935
7,221
17, 485
596
3,320
795
406
183
61, 739 1,091,852
74
483
12,609
8,275
4,490
354
58
34
4,088
26,906
37,218
3,371
53,353
4,286
638,149 12,651,038
662,240
22,785
79,133 1,104,923
727,372
85, 784,962
246,862
116, 757
448, 552
77, 348
301, 394
285,478
109,296
216,404
256,628
690, 513
167, 744
402, 565
220,216
22,245
8,803
33, 617
4,753
21,470
37,254
7,373
17,178
14,883
64, 690
4,445
1, 348
1,500
114
1,347
3,376
669
33
2,052
635
30
137
474
1,590
7,990
12,990
15,061
522
722
406
153
1,006
1,571
318
548
674
3,077
652
617
1,722
56
264
4,673
1,819
12, 709
811
5,828
8,957
1,049
2,808
2,470
6,197
520
2,702
2,116
1,683, 740
724,445
2,455, 856
474,678
1,628,441
2,087,953
714, 666
1,122,014
1,233,392
3,325,223
767,292
1, 663,887
1,203,408
__.
_.
_
268, 307
11,988
16,160
6,952
52,659
19,084,995
2,787
O
O
67,431,091
5,131,049
9,267, 786
1,027,241
2,117,845
809,950
596, 558
H
17,001,208
377,937 10,432,426
486, 703
69, 863
126, 750 1,223,838
146, 360
13,168
216,003
37,179
145, 708
13,252
174
105
140
119
350
201
169
166
150
545
181
265
222
_.
Total Southern
States
_.__.
494,073
477,911
32,969
68,191
12, 900
3,700
887
737 46,924,298 14,496, 712 4,274, 618 3, 607,136
Total
Eastern
States
_.
867, 366
280 37,827,060 10, 609,465 3,127, 300 2,329, 574
265,250
112 2, 664,470 1,093,953
430, 791
790,480
233 4, 593,606 1, 779,184 534,299
469,129
78,134
49,269
237, 652
19
137,051
985,044
552, 575 114,187
384,989
6,647
18, 772
223,883
New York
New Jersey
Pennsylvania
Delaware
Maryland. _
District of Columbia
Virginia, _
West Virginia
North Carolina
South Carolina
Georgia
Florida
_
Alabama
Mississippi
Louisana_
Texas
Arkansas
Kentucky. _
Tennessee- _
481,820
208,518
537,039
161,305
257, 760
57,301
5, 504, 524 2,284,014
182, 384
660,036
2, 776, 567 746, 801
56
56
29
253
13
116
779, 665
286,960
104,147
175,032
695, 340
797,113
283,484
436, 340
446, 781
436, 963
315, 875
660,806
537, 376
7, 955, 882
119,557
48,149
205,995
55,033
94,036
168,384
73,427
168, 308
144,964
251,419
79,658
56,952
110,132
28, 838
4,147
70,270
25, 515
41,316
22,464
23,095
12, 542
8,051
81,860
13, 778
18,302
17,485
1,914
1,361
2,138
110
2,082
1,348
342
666
602
4,199
381
1,415
879
51,100
17, 415
25, 585
34,273
67,098
15,402
30,179
28,288
4,837,823 1, 576,014
367, 663
17,437
434, 353
436, 353
236,228
518,133
120,926
427,457
709,996
198,192
241, 602
321, 727
715, 386
165,262
477,166
269,395
37,076
18,151
58,129
14,811
3, 539, 757
260
72
319
912
6
287
1,186
W
H
I
^
Ohio - .
Indiana.. > _ _
Illinois
Michigan
_
_ ...
Wisconsin
Minnesota « _ . .
Iowa
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
- -Wvominff
Colorado
__ _
New Miexico
Oklahoma
Total Western States.
Washington
Oregon
- -California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
. -
Total Pacific StatesTotal United States
(exclusive of possessions)
356
320
576
294
468
510
575
549
2,903, 761
842,497
2, 566, 531
2,231, 766
1, 307, 724
948,588.
1,201,731
1,951,584
1,690,609
826,059
2,068,094
1,371,259
936,234
561, 390
633,291
1,196, 552
427, 711
105,682
551,052
503,072
210, 769
117,940
207,428
327,086
44,608
23, 712
147,210
14,959
42,952
116,287
21,911
59, 513
11,524
1,392
32,049
6,574
1,458
14,800
1,324
18,974
108, 790
44, 324
68,933
82,539
49,848
26, 757
39,424
61,449
971,962
296,945
1,049, 717
570,422
395,651
189,824
359,416
856,597
61, 363
18,848
42,879
62,711
28,102
20, 305
16,683
37,229
1,025
702
3,657
1,963
1,046
436
435
1,162
3,258
1,781
18,672
572
6,508
76
2,741
2,164
1,265
37
10,864
85
34
334
9,283,488 2,450, 740
16,003
122,852
31,893,428
459
340
932
985
1,455
80
3,978
770
1,051
451,393
423,476
628,398
1,339,934
465,837
147,173
718,536
258, 389
585,856
10,050
5,018,992
847, 111
370,276
8,581,943
198,087
622, 541
174,487
437,312
40,977
528,663
11,801,397
471,152
88,095
482,064
4,690,534
288,120
10,426
35, 772
131,208
157,739
283,212
559,970
186,177
57,915
350,668
102, 974
244, 566
173,692
160,172
193,985
365,943
143, 625
50,244
168,910
73, 698
163,663
63,496
25,952
28,897
165,803
32,474
8,464
38,844
20,407
51,486
29,329
12,022
10,429
6,775
12, 725
973
2,217
4,833
4,842
26
171
166
518
546
100
2,167
91
136
4,861
5,068
8,659
18,015
6,412
2,278
11,551
6,260
11,832
44, 781
59,638
98,091
212,242
76, 791
25.951
122 557
44, 380
104,299
3,388
2,301
3,938
8,910
5,303
1,098
4,860
4,664
3,376
24
48
48
405
241
57
658
293
158
129
25
41
368
88
13
2,126
19
447
1,425
2,084,429
1,493,932
435,823
84,145
3,921
74, 936
788, 730
37,838
1,932
3,256
69
40
82
22
43
4
9
g
10
463,296
173,086
4,253, 634
99,146
299,336
87, 594
215, 267
16 908
264, 662
209,961
108,432
2,040,161
49, 829
157,041
56,332
101,263
12 566
139,054
40,386
28,614
563, 111
12,179
30,887
6,425
23,045
713
29, 537
48,000
3,443
36,239
2,265
2,321
851
8,153
194
2,701
596
101
10, 738
173
765
157
534
64,824
42,631
1,365, 610
26,132
112,938
14,912
65,024
8 638
59,134
7,707
5,386
96, 512
3,469
6,143
3,577
9,769
553
7,868
104
303
2,252
83
144
18
34
55
374
675
232
15,987
504
2,839
1,735
9,563
6,482
75,824
3,580
8,591
3,955
8,257
1 251
16,394
2,740
1,160
1,971
1,566
57,429
727
1,536
666
5,051
99
3,304
287
5,872, 929
2,874, 639
734,897
104,167
14, 799
133,897
1,759,843
140,984
3,367
23, 892
65,634
72,349
9,407 87,009,466 36,626,917 9, 944,774 5,501, 629 1,214,883 1, 915,686 24,374,123 1, 547, 436
59,888
K
1
10,682
Total possessions- _.
13
524,610
1
2
6,252,378
2,166,658
6,590,238
4,860,129
3,005,134
2,002,432
2,486, 564
4, 529,895
118
141
304
423
80
29
114
28
188
3,648 13,954,182
Canal Zone (Panama)
Guam
Puerto Rico ^
American Samoa
-Virgin Islands 4 of the
United States
-__
Total United States
and possessions
3,384
26,502
4,679
30,580
14,207
24,808
5,695
2,180
14,201
903
11, 570
501,263
192
788
1,387
22,399
52
456
7,202
81,092
3,953
25
226
7,878
6
105,231
1,858
41,316
10,564
5
1
991
587
41,316
10, 569
20
25, 617
93, 290
8,253
9,420 87,534,076 36,734,006 9,986,090 5, 512,198 1,214,903 1, 941,303 24,467,413 1,555,689
One branch of a national bank and 1 branch of a State member bank in New York.
Branches of banks in California and Hawaii.
' Asset and liability items include data for branches of a national bank and a State
member bank in New York.
64,446
915
17,542
13,499
88,767
41
19,714
33,952
861,568
6,102
68
555
1,052
1,432
114
8,339
20,837
623
1,052
1,546
128,188
942,173
60,511
S
1
162,152 1,194,636 1,033,392 170,584,982
118
107,089
19
28
1
163,204 1,196,182 1,161,580 171.527.155
< Asset and liability items include data for branches of a State member bank in New
York.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.
is
TABLE NO. 44.—.
and liabilities of all active banks other than national, Dec. 30, 1961 {includes State commercial, mutual savings, and
private banks)—Continued
LIABILITIES
[In thousands of dollars]
Other
Capital
Undivided
profits
Reserves
and retirement
account for
preferred
stock and
capital
notes and
debentures
Demand
deposits
»
-- _
.
Total
deposits
187 327
35,242
74.754
1,601,732
255,519
1,021,060
622,069
694,341
267,157
6,527,062
714,946
3,067,484
809,396
729,583
341,911
8,128,794
970,465
4,088,544
140
2,755
11,893,059
15,068,693
3,889
1,133
322,043
131, 750
857.217
533,772
82, 711
28,049,317
1,809,396
4,048,951
570 952
897,589
521,239
30,767,866
2,837,627
4,243,019
328,137
1,012,740
215,500
58,817,183
4,647,023
8,291,970
899,089
1,910,329
736, 739
214,421
1,100
10,620
1,119 699
74
14,294
400
354
34
1,612, 997
96,846
131,288
25 366
27,669
18,040
1,063,086
78,167
152,153
19 644
29,348
12,985
3,389,377
218,228
496, 766
72,838
105, 484
27,591
1,013, 799
45,001
108, 883
9,927
38,963
12,161
200 529
44,610
61,812
377
5,298
2,400
35,897,444
---
Time and
savings
deposits
3,175,634
Location
Maine
New Hampshire - Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
New Jersey
Pennsylvania
Delaware
Maryland
_ _
_
District of Columbia
Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia
_
Florida
Alabama
Mississippi
Louisiana
Texas
_ __ _
Arkansas
Kentucky
_
Tennessee ...
..
Total Southern States
AcceptRedisances
counts and executed
other lia- by or for
bilities for account of
borrowed reporting
money
banks and
outstanding
39,404,889
75,302,333
226,541
1,134.455
1,912,206
1,355,383
4,310,284
1.228,734
315,026
866.225
410 087
1,514,790
315 252
941,241
1,217 642
410 362
759,553
810 107
2,213,415
514,815
1,179, 723
644,028
650,216
222 936
633,501
107 731
510,721
682,772
232 450
269 202
316,936
822,114
185, 540
330,133
445,886
1,516.441
633,023
2,148,291
422, 983
1,451,962
1,900,414
642 812
1,028, 755
1,127,043
3,035,529
700,355
1,509,856
1,089,914
400
1,000
225
1,590
40,925
18 465
49,869
19 568
46. 610
69, 453
19 514
22,408
33 455
95,821
17,093
34.829
29,818
67,351
38 951
110,312
20 635
63,582
65,919
26 344
58,684
39,205
101,566
22,945
70,165
35, 943
27,325
18,375
27,257
7 186
27,062
22.170
19 239
2,380
18 302
58,067
21,861
33.528
28,310
1,815
3 549
6,889
1,261
13,048
4,079
1,388
1,398
3 608
13,713
2 805
3,282
3,369
11,797,240
5,410,138
17,207,378
497,828
721,602
311,062
60,204
20
974
1,062
24
47
liabilities
10,811
8,871
4,978
200,095
25, 777
71,511
520
166
620
287
3,186
211
525
56
264
27,893
11 082
112, 753
2 973
25,151
24, 656
5 363
7,869
11,326
16, 721
2.233
11,960
15,265
4,724
6,952
275,245
707
350
260
72
319
912
6
stock i
11,925
2,730
6,789
61,459
11,150
37. 697
Surplus
44,399
43.396
13,276
480,816
64,362
210, 968
33,645
34,960
10,340
311,186
14,841
128,800
2 682
5,151
1,741
42,486
1,422
29,229
g
s
8
1
Ohio
Indiana
Illinois
Michigan
"Wisconsin
Minnesota
Iowa
Missouri
-
...
_
-
-
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wjoming
Colorado
New Mexico
Oklahoma
_
-
-
16.437,896
—
_
Total Western States
Washington..
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
_
_
5,626,635
1,973,826
5,986,726
4,398,230
2,752,792
1,824,413
2,239,285
4,076,567
550
27
1,150
165
275
1,494
12,440,578 28,878,474
4,106
2,480,317
800 058
2,335,038
2,462,954
1,358,856
1,065, 746
758,829
1,178,780
445
_
Total Pacific States
Total United States (exclusive of possessions)
_
_
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the United States
Total possessions—
Total United States and possessions.——
236,014
254,953
459,458
854,402
281,271
85,393
410,058
163,574
377,483
164,665
130,138
99,318
355,477
146,149
48,781
230,042
73,976
153,451
400,679
385,091
558,776
1,209,879
427,420
134,174
640,100
237,550
530,934
1,401,997
4,524.603
557,416
182,771
3,547,737
62,864
230,261
78,910
134,290
14,858
225,100
766,575
5,649, 407
76,080 227
144,423
42,811
149.303
126.964
64,538
40,260
56,616
126,903
292,823
69,936
212,564
164.246
98,186
67,513
84,785
150,008
91,072
49,677
99,968
80,147
58,035
40,101
86,344
116,028
2,395
4,422
55,197
16,132
5,602
15,510
9,052
12,207
16,083
360,997
751,818
1,140,061
621,372
120,517
1,740
1,120
3,983
4,991
4,272
625
14,608
2,110
4,592
11,170
9,091
18,764
32,909
12,265
1,945
22,285
7,065
16,055
14,286
12,272
22.859
51,266
12,751
5,568
22.461
6,744
16.860
16,354
13, 959
19.905
34,549
8,682
4,086
13,295
3,031
16,091
7,164
1,943
2,001
2,022
247
675
2,706
1,889
991
38,041
131,549
165,067
129,952
19.638
10, 769
11,219
198,978
5,578
13,867
4,041
13,958
1,500
18,145
41,127
10,553
267,533
6,077
20,556
5,189
19,629
1,335
21,613
14,445
4.180
130.994
3,100
7,144
1,868
4,626
546
10,268
7,453
476
5,984
429
69
10,142
209,159
156,075
4,223,145
117,304
341,350
82,256
254,568
22,362
243,188
3,394
93,320
25,949
75,046
74,248
24,797
14,136
10,207
43,294
1,265
37
10,884
135
34
334
2,110
4,318
200
100
3,081
3,122,606
_
_
3,146,318
1,173,768
3,651,688
1,935,276
1,393,936
758,667
1,480,456
2,897,787
15,139
13,009
374,516
3,799
10,163
333
95
1,160
6,714
4,152
136,116
2,735
9,094
2.223
9,241
36
7,639
5,034,207 10,683,614
7,855
65,934
177,950
278,055
393,612
177.171
17,206
75,584,868 151,665,095
257,257
1,224,557
3.086,482
3,146,383
7,587,843
3,002,063
615,302
12,050
1,432
690
43,708
26
296
43,250
100
16,237
85
3,744
33
75
5,296
31
7,770,882
180,168
571,611
161,166
388,858
37,220
28
850
6,710
"64," 746*
200
1,000
340
1,455
4,567
20,253
361,335
2,028
10,189
19,706
33,262
735,851
5,827
20,352
398,372
814,998
1,546
44,728
43,350
16,322
3,852
5.327
75,983,240 152,480,093
1,226,103
3,131,210
3,189,733
7,604,165
3,005,915
620,629
114
1
o
a
i
i Includes capital notes and debentures. (See classification on pp. 252 and 253.)
CD
and liabilities of all active banks other than national, Dec. SO, 1961 (includes State commercial, mutual savings,
and private banks)—Continued
TABLE NO. 44.—
[In thousands of dollars]
O
Loans and discounts
Keal estate loans
Location
Maine
New Hampshire .
Vermont
__
Massachusetts...
Rhode Island
Connecticut
Total New England States
New York:
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Totux
Eastern
StatesVirginia
West VirginiaNorth Carolina .
South Carolina..
Georgia
Florida-—
Alabama
-Mississippi
Louisiana.
Texas —
Arkansas
Kentucky
Tennessee
Total
Southern
Secured
by
farm
land
(Including
improvements)
Secured
by residential
properties
(other
than
farm)
290,802
5,702
394,071
5,390
145,815
il, 143
6,015 C, 038,207
409
432,380
7,006 2,068.186
Loans to financial institutions
To domestic
Secured commerby
cial
other
and
properforeign
ties
ibanks*
53,140
100,183
32,178
551,685
46,354
164,499
721
5
1,531
1,250
1,365
Other
2,732
518
362
78, 941
12, 745
20,732
Loans for purchasing or carrying securities
To
brokers
and
dealers
in securities
686
400
550
34,335
3,773
7,507
Other
400,146 1,158,062
561, 822 12, 739 240,785
Directly
guaranteed by
the
Commodity
Credit
Corporation
633 170
9.849
5, 411
21,070
6,125
8,456
14,547
2,766
8,761
3,119
35, 816
5,326
7,171
4,473
97, 604 132,890
Commercial and
Other
indusloans to
trial
farmers
loans
; (ex(includcluding ing open
loans on market
real
paper)
estate)
Other
All
loans to
other
individloans
uals for
(inpersonal cluding
expendi- , overtures
drafts)
Total
gross
loans
4,790
964
10,143
3,120
124
4,280
12,6iO
407
116
13,133
56,245
10, 728
25,827
411,994
96. 594
220,900
67,028
23, 286
31, 748
377,157
64,464
273.183
3,227
2,626
2,357
14,977
12, 514
15,209
23, 421
1,176
498
300
19,997
340
12,876
35,187
47,251
4,872 116,030
35,665 7,369,461 948.039
'
,
2,
31,148 17, 840, 838,340, 853 354,353 1, 545,449 1, 890, 291 499,257
65, 745 14,312
3,028 1,466, 677 211,844 4,946
55,299
93, 248 106,981
26,179 1, 723, 626 283, 647 15,659 205,686
2,525
22, 749
11,174 129, 713 40,761 15,100
5,517
7,088
15, 790 450,197 101,605
6,265 30,122
4,578
4.63S
32.419
66,767 25.349
87,319 21,677
; 004.059396.323 1,878.914 2.083. 759
,
6,024
28,422
166,
17,882
54,105 2,050
647
9,903
100
83,954 27,079
4,376
35, 913 107, 973 67,048
38,649
66,965
726
12,193
33, 867 14,147
2,786
3,797
44,845
133,628 43,371
324
26, 597
5,710
21,390
20,037
112,162 82,078
116
9,010
24, 684
120
50,164 21,081
97
2,564
38,628
45, 322 25,821
523
14,570
7,514
24,724
13,415
86, 336 54, 586 2,000
793
24,542
18,632
216
89,287 70,370
2,531
26,282
39, 538 25,105 2,832
2,113
6,355
63, 512 111,091 43,861 3,692
32,216
20,461
51,018
40
7,469
1.269
98. 256 33,170
Loans to farmers
822 2«
836. 8
50, 910] 10, 289, 990
58, 288 10, 237, 152 2, 615,33i 1,022,203
3,859
504, 974 30,353
355,499
23, 832 1,129,010 1,020,347
78,188
5,756
6,913
137,101
91,670
11,836
12, 684
148, 916 210, 574
62
140.799
6,047
106 114
103, 633 12,069 3S-1 4,629
26, 978
5,043
33, 516
3,063
9,559
11, 493 31, 366
6
20, 998
4,408
23,152
15,296
38,589
4,199
17, 626
44, 778 136,009
24,296 35,142
1,474
47,858
9,739
38, 308
486,249
538,664
260,428
5,537,959
670, 947
2, 795, 743
Less
valua- Net loans
tion
reserves
4,429
1,625
2,668
33, 435
10,911
19,176
481,820
537,039
257, 760
5, 504, 524
660,036
2, 776, 567
72,244 10.217, 746
38,447, 773 620, 713 37,827,060
2, 716, 536 52,r- 2, 664,470
4, 706, 810 113,204 4, 593, 606
469,129
473,517
4,:
985,044
1,000, 594 15, 550
384,989
1,784
386, 773
1,156,388 47, 732,003 807,705 46, 924,298
9,696
789, 361
779, 665
11,697
5,154
292,114
286,960
4,338
20, 688 1,129, 373 25, 226 1,104,147
3,392
175,032
2,034
178,424
11,497
695,340
706,837
10,881
797,113
815, 538 18,425
15, 531
5,992
283,484
289,476
5,557
436,340
448, 744 12,404
8,508
10, 704
446, 781
457,485
11,311
20,914 1,436,963
13,650 1,457,877
3,727
315,875
3,684
319,602
9,943
660, 806
10,965
670, 749
9,233
537, 376
7,671
546,609
119, 797 464,144 2,262,042 2, 525,643 126, 515
8,102,189
146,307
7,955,882
Ohio
Indiana
Illinois.
Michigan
Wisconsin
Minnesota
Iowa
Missouri.--
_
-
_
_
_
-
-
_--
Total Middle
Western States...
North DakotaSouth Dakota..
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico. __
Oklahoma
Total Western
States
63,431
54,544
38,775
50,195
84,050
53, 840
62,863
63,014
Total United
States (exclusive
15,325
5,443
6,876
21,052
3,407
1,743
2,562
2,394
7,991
24,266
20,477
16,425
60,447
40,158
10,993
36, 467
10,842
17,699
4,370
6,889
7,062
18,833
8,666
5,170
24, 474
10, 771
11,843
66,793
237,774
98,078
5,146
4,124
294,140
60,858
1,090,502
12,419
74,840
13,886
35,172
3,230
84,425
58,689 1,669,472
41,487
629,225
119,767
4,252
113,633
55, 982
12,170
4,793
7,154
33, 914
316,690 351,665
3,427
5,079
22,126
1,272
28
27,453
69,060
60,641
67,465
102,348
178,951
86,339
110, 540
177,117
411,949
135,015
710,107
135, 653
779, 613
408,823
287,182
87,438
177,543
486, 557
2,119,312
34, 211
798,011
24, 749
72,234
18,057
83,608
4,275
51,187
466,094
175,229
4,324,183
100,870
304,549
88,802
217,399
17,245
265, 999
463,296
2,798
2,143
173,086
70, 549 4, 253,634
1,724
99,146
5,213
299,336
1,208
87,594
2,132
215,267
337
16,908
264,662
1,337
200,166 1,785,147 1,125, 728
64,220
5,960,370
87,441
3,703
640,626
140,172
3,432
449
9
956
354,609
54,142
4,872
62,966
23
O
34, 883 2,084,429
1,853
3,114
46,830
424
1,772
1,068
2,338
91
6,730
28,095
667
145
42, 445
424
1,896
17
39
29
8,480
131,208
157,739
283,212
559,970
186,177
57,915
360,668
102, 974
244,566
29,158
2,418
18,177
3,725
3,424
4,886
5,465
4,571
644
6,408
2,659
3,101
463,586
30
53,416
83, 035
143,591
180, 210
47, 760
17,361
45, 347
14,699
55,207
3,388
297
3,554
316,814 '*59,~625
977
I, 736
15,368
1,840
550
7,682
159
4,827
758
134,933
161,163
565, 435
190, 748
58,559
367,076
105, 633
247,667
5,214
8,398
32,435
68,268
3,766
492
2,771
730
18,098
31,994
2, 956,254 52,493 2, 903, 761
17, 606
842,497
860,103
2, 633,488 66,957 2, 566, 531
2,266,422 34, 656 2,231,766
1, 336,320 28, 596 1,307,724
11, 705
948, 588
960,293
16,156 1,201,731
1,217,887
1, 977, 739 26,155 1,951,584
1,790
1,113
1,420
3,433
2,804
299
15,595
991
1,713
579
301
256
4,414
1,029
333
9,117
858
1,290
26,253
15,317
8,067
2,849
38, 844
76,*
6,228
36, 565
25,385
22, 281
6,030
8,666
30,367
18,366
19,224
39,218
105,123
41,942
9,263
124,834
29, 742
75,874
15
10
22
346
1,960
750
580
20
2,322
675,369
224,489
564, 823
626,745
244,177
147, 540
196, 585
449,050
189,086 1,269, 724 3,072, 916 3,128, 778 212, 352 14,208, 506 254,324 13,954,182
185
966
3,312
5,137
3,289
485
11,893
1,585
1,243
22
55, 973
3
18,373
377,100 31,136
548,365
110, 810
1,296
7,1
199,077 133,639
112, 653 16,849
40,063
4,891
6,641
411
34,275
6,305
117,826 60,319
390,732
13,011
48, 769
39,440
10, 958
106,547 1,416,665
25,053
28, 763
84, 028
21,176
5,819
31,783
9,581
69,092
581
5,871
3,730
64,446
5, 872, 929
1,119,324 35,549,890 6,248, 931 489, 833 3,247,658 2,611,973 1,225,231 467,060 2, 701, 714 20,401,486 12, 709,727 1,639,543 88,412,370 1,402, 904 87,009,466
Canal Zone (Panama)....
Guam
Puerto Rico
American Samoa
Virgin Islands of the
United States
9,491
Total possessions...
9,491
Total United
States and pos-
304, 555 5,863
64, 629
136, 788 15,173
184,874 3,990
141, 522 1,550
61,443
4
57,958
100
136, 799 14,807
470, 712 3,437,3031 1,088,568
Washington..
Oregon.
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States.
725, 650
253, 705
414,325
693, 315
387,866
387, 583
185.429
389.430
1,!
81, 554
39
20,972
29
4,964
2,503
23, 543
5,751
14,158
514
13,186
360
3,665
244,327
5,678
107, 837
191
1,923
5,751
14,158
514
13,194
115, 271
903
11, 570
505,015
222
3,752
30
7,787
528,392
903
11,570
501,263
3,782
192
B
10,682
10,682
1,256
250,275
234
290
7,225
2
3
524,610
1,128, 815 35, 638,298 6, 272, 474
495, 584 3,261,816 2, 611, 973 1, 225, 745467,060 2, 714, 908 20,651,761 12,824,998 1,647,330 88,940, 7621,406,686 87,534,076
to
Of
TABLE NO. 44.—Assets and liabilities of all active banks other than national, Dec. 80, 1961 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Capital
Location
MaineNew HampshireVermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
_
New Jersey
Pennsylvania
Delaware...
Maryland
District of Columbia. _
Total Eastern States..
VirginiaWest V i r g i n i a North CarolinaSouth Carolina-.
Georgia
—
Florida
Alabama
Mississippi
Louisiana.
Texas
Arkansas
Kentucky
Tennessee
Total Southern States .
Common
stock
11,825
2,505
6,611
61,259
11,150
37,697
Capital
notes and
debentures
150
131,047
150
1,018,410
70,092
152,143
19,644
29,323
12,985
44,676
5,465
1,302,597
50,141
39,865
18,465
49,847
19,518
46,433
69,003
19, 514
22,298
33,438
95,821
17,093
34, 779
29,818
495,892
to
to
Demand deposits
Preferred
stock
100
75
178
200
553
Individuals, partnerships,
and corporations
Foreign
governments,
central
banks,
etc.
62, 528
61,178
2,780
50,012
16
2,044
3,412,048
43, 740
341,294
6,880
34, 536
21,354
430,362
5,232
24,284
3,276
2,834
835, 028
446
13,616
17
958
1,706
2,213,980
34,440
68,174
3,807
10,424
8,031
424,224
1,465,703
1,169,012
3, 859, 852
465, 988
851, 771
2,338.856
22,161
12,061
46,869
10, 710
30,857
25,637
9,984
12,251
10. 571
32, 511
7,812
24, 960
12,418
93,497
49,615
125,068
32,821
103,420
152,999
76, 753
147, 482
177,631
186,994
59, 420
116,475
91,033
66,197
19,052
227,875
14,964
62,350
35, 569
5,027
60,399
82,962
110,920
21,832
163,426
17, 788
25
15,200
4,997
14, 591
1,932
9,359
17, 551
2,878
5,357
8,913
47,015
4,090
13, Oil
6,300
258,802
1,413,208
888,361
669,145
324,362
1,100,209
254,825
734,947
50
1,759
1,943
837
3,303
615
1,833
27,413
4,798
12,050
753,455
161, 402
149,195
35,819
69,113
28
25,322,038
110
17
2,047
85
22
31,630
7,359
20,035
267,696
1,060
450
3,042
242
1,189
44,294
1,947
11,814
Certified
and officers'
chocks,
etc.1
114,198
2,645
177
20,471
6,750
11, 760
134, 802
14,353
79, 560
Mutual
savings
Banks in
foreign
countries
1,185,355
70,854
137, 512
32,020
26, 626
13,336
2,617,242
421,228
18
918
25
Commercial
7,327
1,200
2,288
53,802
10,311
39,270
151,137
26,350
57, 662
1,307,848
215,914
858,331
18, 797, 861
1,493,264
3,313,958
489,133
753,082
474, 740
2, 610
10
Banks in U.S.
States and
political
subdivisions
U.S.
Government
985, 069
315,720
534,061
530,030
1,835,175
421,655
861,805
516,489
48
9, 083,492
54
~178~
769
...
...
800
~~46"
2,129
151,194
8
144,148
42,567
148,653
125,074
62,175
39,173
56,191
126, 503
Ohio
Illinois
TVTichiffan
oi Wisconsin
--
os Iowa
$5 Missouri
-
]>
Total Middle Western States _ _
to
1 North Dakota
1 South Dakota
l Nebraska
•a TCfvnsas
Wvomins
Colorado
New Mexico
-
-
-
744,484
--
Total Pacific States
Total United States (exclusive
of possessions)
Canal Zone (Panama}
Guam
Puerto Rico
American Samoa
Virgin Island*? of the United States
Total possessions
Total United States and possessions
203, 936
178,887
188,843
219,675
113,109
111,380
160,782
264,152
133,251
9,069
291,744
54,287
52,988
4,859
26,135
385, 596
436
3,462
791
144
8,180
1,733
272
2,240
45,429
14,919
68,125
47,150
25,066
14,768
23,549
27,237
539,050
1,440,764
957,929
1,371
15,887
266,243
174,845
212,188
395,747
611,719
213,457
68,030
318, 575
125,299
306,723
3,233
4,008
12,321
16,854
5,213
1,044
10,634
3,960
5,812
52,408
33,274
42,041
200,457
39,096
14, 793
39, 679
29, 744
49,214
3,427
3,129
5,080
16, 477
19, 519
696
35,311
1,949
7,277
5
2,101
2,354
4,269
8 895
3,981
830
5,859
2,622
8,457
2,426,583
63,079
500, 706
92,865
5
39,368
167,384
125, 594
3, 561,177
89,721
236,086
68,650
198, 538
14,650
177,078
26,146
19,894
159,876
20,658
61,075
6,091
39,248
6,298
36, 944
4,980
3,150
199,993
1,718
30,037
1,345
4,943
412
2,369
229
293
147
1,990
17
38,360
20
4,614
4,530
150,641
2,570
8,011
2,676
5,837
525
17,323
250
1,789
5,545
13,216,354
298
363
832
11,170
9 091
18,764
32,909
12,265
1,845
22,285
7 065
16 055
175
100
100
10,769
11,219
198,103
5,578
13,867
4,041
13,958
1,500
18,145
14
1,521
875
4,638,878
5,478
196, 727
376,230
248,947
757
42,558
139,832
52,257
11,477
57,304,587
430,054
2,637,559
5,167,616
6,110,482
529,294
915,130
2,985,505
19
139
101
51
150
15,715
8
124
259
16,048
915,389
3,001,553
5,458
7,774
2,663
6,413
133
847
2,720
62, 712
3,227
3,031
2
39
629
88
13,229
43,250
100
7,295
7,470
276,308
316
6,032
43,350
297,421
20
17, 830
71,690
13,358
57,602,008
430,074
2,655,389
5,239,306
6,123,840
3,125,999
52,257
11,477
1 Includes dividend checks, letters of credit, and travelers' checks sold for cash.
34
3,816
2,597
107,493
2,637
6,139
3,455
5,373
389
7,933
875
277,180
3,082,649
139,192
34,215
134,007
65,168
40,614
19,331
35,695
70,828
2,620,362
936,678
2,959,964
1,547,263
1,161,729
608,329
1,234,295
2,147,734
250
650
1,890
2,000
255
425
150
131,449
Total Western States
Washington
Oregon California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
100
244
6
14
129
529,294
to
00
TABLE N O . 44.—Assets and liabilities of all active banks other than national, Dec. 30, 1961 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Time and savings deposits
Location
Savings
Other
Accumu- deposits of
individlated for
payment uals, partof personal nerships,
and corpoloans
rations
Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut
Total New England States
614 030
692,175
261,379
6,492,668
686,930
3,051,426
21
4,605
688
2,335
21, 746
22,282
11,302
,_
3,025
1,365
2,797
11,667
5,152
4,608
Banks in U.S.
Commercial
98
90
166
300
Mutual
savings
Banks in
foreign
countries
100
75
160
28,614
729
100
106,836
273
1,948
146,345
10
73,230
25
400
17
425,662
43,649
68,138
12,923
24,320
4,314
1,314, 794
32,495
552
574,692
109,770
146,355
73,655
3,353
45
5,145
1,087
2,432
391
343
51
1,041
174
62
1,229
205
926
138
2,218
5
431
914
34
321
12
421
11
58
55,916
937
93,916
15,933
52, 585
99,192
4,913
1,116
10,209
90,023
1,439
22,116
23,578
1,979
99
1,135
2,840
1,387
1,235
195
4,715
943
1,305
80
73
257
15,558
5,489
471,873
16,243
3,461
35
6,683
14, 786
24,965
2,274,063
970
1,711
16,867
2
322
2,865
217
1,286
1,683
75,232
557
16,186
3,102
31, 254
7,332
50,331
5,353
67,028
30,336
15,567
78,221
24,935
100,294
25,482
67,391
82,367
121,000
585,891
4,192,084
political
subdivisions
183
1,296,622
555,818
212,674
463,889
82 511
384,536
547,839
211 181
183,813
277,804
555,074
157,499
223,127
336,319
13
122
25
States and
1,138
62,958
1, 943,132
66,655
192,475
21,297
15, 558
34,946
34,853,548
.
Postal
savings
20,861
396
1,369
365
1,728
7,776
752
11,798,608
U.S. Government
64
6
28
553
460
27
26, 754,995
2, 726, 619
3,961,018
293,517
963,721
153,678
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
247
17
452
15
Foreign
Governments,
central
banks,
etc.
13,858
2,000
2,000
352
713
^O
^
112,249
18,120
82,317
123,944
36,176
25,093
2,260
66,643
13,995
3,624
1, 777
466,802
3,573
"Wvominc
floloraflo
Oklahoma
Total Western States
-
- -
180,229
1,748,732
199
2
12
3 470
464
12
108
35
3,502
64 729
62, 862
32 105
49 937
23,122
2,782
14,576
7,613
15,905
35
19
28
90
206
61
10
1,425
1,130
949,804
Kansas
142,325
132 208
225,349
189 610
248,097
314 437
231,994
264,712
49 312
54, 580
65 450
260 394
114,019
39 795
187,428
52 092
126,734
Total Middle Western States
North Dakota
South Dakota
160,602
92
11,972
115
361
171
4 835
2,081
10,021,396
Wisconsin
TVTinnpsota
Iowa
Missouri.
Washington
Orecon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
635
143
39
16
153
164
136
491
320
1,593
1,126
316
68
2,030
780
198
102
1,302
72
41
28
1,101
2,063,056
647 704
2 002,068
2 147 651
1,073,929
725 840
519,561
841,587
Ohio
Illinois
7,804
273,631
3,004
549,901
153,311
2, 844,866
59,381
196,173
52 429
109,155
7 342
121,016
17
9
88
6
4
5,351
5,074
236,231
3,335
4,848
4 488
8,963
346
44,687
20
70
4,012
23
62
10
25
110
1,965
30
11,965
15, 887
350
100
15
135
273
10
50, 390
12, 638
1 713
41, 492
8,336
6,126
27, 895
12, 538
5,840
330
331
166, 968
455
55
286
7,010
100
700
7
437
22
24,021
424,317
19
28,464
21,983
16,117
7,032
56, 508
450
7
10
24
2
5
19
10
30
70
25
50
2,000
300
15,007
21
487
4,093,574
154
313,323
15, 887
6,297
473
578, 483
8,659
350
17, 007
Total United States (exclusive of possessions)
. - . - 65,909,014
334,904
5,258, 598
1,346,676
62,116
8,782
2,287,432
139,429
146,805
91,112
7
4,187
350
2 530
107, 926
58
145
3 135
2 748
11,094
50
5,485
35,299
1,515
3,738
682
146,805
91,112
Total Pacific States
Oanal Zone (Panama ^
Guam
Puerto Rico
-- American Samoa
Virgin Islands of the United States
Total possessions.Total United States and possessions
1,082
9 483
202,097
455
6,276
1
29
219,393
4,188
111,009
7
17,006
50
46,037
682
66,128,407
339,092
5,369, 607
1,346,683
79,122
8,832
2, 333, 469
140,111
to
Ox
O\
TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. 30, 1961
l
to
Or
ASSETS
[Dollar figures in thousands]
ObligaU.S.
Corpotions of
Other
rate
Loans and GovernStates
bonds,
stocks,
Num- discounts, ment obber of including ligations, and po- notes, and including Currency
direct and
litical
deben- stocks of and coin
overbanks
drafts
guaransubtures
Federal
divisions
teed
Reserve
banks
Location
24
23
23
69
5
44
Total New England
States
2,457,732
19,888
5,618
20,904
156,262
25,836
131,362
1,169,428
5,501
3,748
2,446
10,277
11,689
12,041
2,111
3,603
1,808
5,222
3,018
8,877
11,068
2,074
3,613
44,273
10,206
32,956
44,816
11,874
20,814
371,714
61,317
245, 588
7,086
1,770
3,015
30,484
3,736
22, 710
371
167
152
401
121
358
837
4
893
1,937
256
12
1,053
24
47
3,939
Other
assets
1,258
87
343
9,489
1,443
3,354
Total
assets
413,171
149,141
236,855
2,198,359
475,946
1,535,620
359,870
45,702
24,639
104,190
756,123
68,801
1,570
1,124
15,974
5,009,092
184,083
48,450
81,762
3,565
41,480
6,647
124,738
11,319
33,768
4,677
3,692
887
298, 872
61,880
116,937
12,887
34,339
13,252
9,865,389
450,766
1,191,250
140,418
202, 823
145,708
308, 559
45,484
77, 552
10,085
14, 642
7,221
3,072
359
2,161
648
143
183
61, 739 1,068,438
74
483
12,609
8,220
4,490
354
58
34
4,088
370,117
16,871
24, 599
3,361
11,939
4,286
42,038,371
3,568,675
6, 863,336
836,357
1,470,085
809,950
567 25,824,450 10,961,476 3,659,390
Total Eastern States-
365,987
179,081
538,167 11,996,354
463,543
6,566
79,078 1,081,509
431,173
55, 586,774
119,557
48,149
205,995
55,033
93,973
168,384
73,427
168 308
144,964
247,543
79,658
56,952
110,132
28, 838
4,147
70,270
25,515
41,267
22,464
23,095
12 542
8,051
80,734
13,778
18,302
17,485
1,914
1,361
2,138
110
2,031
1,348
342
666
602
3,977
381
1,415
879
37,076
18,151
58,129
14,811
36,391
51,100
17,415
25,585
34,273
66,372
15,402
30,179
28,288
246,862
116,757
448, 552
77,348
296,759
285,478
109,296
216,404
256,628
683,236
167,744
402,565
220,216
22,245
8,803
33,617
4,753
21,212
37,254
7,373
17,178
14,883
64,201
7,990
12,990
15,061
522
722
406
153
954
1,571
318
548
674
3,042
652
617
1,722
4,445
1,348
1,500
114
1,347
3,376
669
33
2,052
635
30
137
474
56
264
4,673
1,819
12,709
811
5,748
8,957
1,049
2 808
2,470
6 126
520
2,702
2,116
1,683,740
724,445
2,455,856
474,678
1, 615,295
2,087,953
714 666
1 122 014
1,233,392
3 294 082
767,292
1,663 887
1,203,408
4,829,453 1,572,075
366,488
17,164
433,172
3, 527,845
267,560
11, 901
16,160
6,952
52, 508
19,040,708
174
105
140
119
314
201
169
166
150
538
181
265
222
779,665
286,960
1,104,147
175,032
688,338
797,113
283,484
436 340
446,781
1,427, 513
315,875
660,806
537,376
2,744
7,939,430
_
Total Southern
States
111, 382
31,178
42,203
535,852
108,372
340,441
Customers' liability on
acceptances outstanding
7,778,688 2,660,933
849,805
396,133
442,424
1,471,721
37,490
218,407
418,972
103,638
223,883
18,772
151 19,313,743
91 1,687,051
221 3,400,333
400,329
17
80
638,005
384,989
7
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
208,853
89,018
140,664
1,031,395
249,928
737,874
188
Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut
InvestBalances
Real
ments
with other
Bank
estate and other
banks,
assets inincluding premises owned
owned,
other
directly
reserve
than
representbalances furniture
and
bank
ing bank
and cash
fixtures premises premises
items in
or other
process of
real estate
collection
436,353
236,228
518,133
120,926
426,956
709,996
198,192
241,602
321,727
707,517
165,262
477,166
269,395
1,590
260
72
319
912
6
287
3,186
O
O
Ohio
Indiana
__ .
Illinois
Michigan
_
Wisconsin_
Minnesota
Iowa_._
Missouri
354
313
576
294
464
509
568
549
_. «,
Total Middle Western States
2,887,897
804,488
2,566,531
2,231,766
1,292,418
704,751
1,195,600
1,951,584
3,627 13,635,035
427,074
102,925
551,052
503,072
208,987
97,277
207,076
327,086
41,346
21,705
147,210
14,959
41,936
74,989
21,901
59,513
10,868
1,392
32,049
6,574
1,415
305
1,324
18,974
108,552
43,813
68,933
82,539
49,597
26,120
39,235
61,449
970,788
293,229
1,049,717
570,422
393,860
185,803
356,944
856,597
60,204
18,494
42,879
62,711
27,968
18,270
16,645
37,229
857
559
3,657
1,963
1,029
408
426
1,162
3,258
1,781
18,672
572
6,508
76
2,741
2,164
1,265
37
10,864
85
34
334
9,200,674 2,424,549
1,684,002
803,521
2,068,094
1,371,259
927,990
519,133
630,123
1,196,552
423,559
72,901
480,238
4,677,360
284,400
10,061
35,772
North Dakota
South Dakota
Nebraska
TTansas
Montana
Wyoming
Colorado _ __
New Mexico
Oklahoma
_____
118
141
304
423
80
29
114
28
188
131,208
157, 739
283,212
559,970
186,177
57,915
360,668
102,974
244,566
173,692
160,172
193,985
365,943
143,625
50,244
168,910
73,698
163,663
63,496
25,952
28, 897
165,803
32,474
8,464
38, 844
20,407
51,486
29,329
12,022
10, 429
6,775
12, 725
973
2,217
4,833
4,842
26
171
166
518
546
100
2,167
91
136
4,861
5,068
8,659
18,015
6,412
2,278
11, 551
6,260
11,832
44, 781
59,638
98,091
212,242
76, 791
25, 951
122, 557
44,380
104,299
3,388
2,301
3,938
8,910
5,303
1,098
4,860
4,664
3,376
24
48
48
405
241
57
658
293
158
1,425
2,084,429
6,222,550
2,096,169
6,590,238
4,860,129
2,976,505
1,631,502
2,474,195
4,529,895
16,003
120,631
31,381,183
459
340
932
985
1,455
80
3,978
770
1,051
451,393
423,476
628,398
1,339,934
465,837
147,173
718,536
258,389
585,856
10,050
5,018,992
823
1,082
57,429
727
1,536
666
5,051
94
3,304
396,206
321,276
8, 581, 943
198,087
622, 541
174,487
437,312
40,582
528, 663
129
25
41
368
88
13
2,126
19
447
Total Western States-
3,384
26,439
4,225
30,580
14,207
24,763
4,036
2,180
14,201
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona...
Alaska
Hawaii
65
39
82
22
43
4
9
7
10
Total Pacific States-
281
Total United States
(exclusive of possessions)
__
8,832
Canal Zone (Panama). _
Guam
.
Puerto Rico 4
American Samoa
Virgin Islands of the
United States.—
(2)
(3)
(«)
12
Total possessions- _.
Total United States
and possessions-__
11
1
1,493,932
435,823
84,145
3,921
74,936
788,730
37,838
1,932
3,256
165,393
119,772
136,809
102,030
4,253,634 2,040,161
99,146
49, 829
299,336
157,041
87, 594
56,332
215,267
101,263
16,825
12,392
264, 662
139,054
37,946
28,279
563, 111
12,179
30,887
6,425
23,045
713
29,537
3,122
72
36,239
2,265
2,321
851
8,153
194
2,701
326
101
10,738
173
765
157
534
8,631
6,134
75,824
3,580
8,591
3,955
8,257
1,236
16, 394
53,612
41,319
1,365, 610
26,132
112, 938
14,912
65,024
8,538
59,134
5,786
5,010
96, 512
3,469
6,143
3,577
9,769
535
7,868
92
208
2,252
83
144
18
34
55
374
675
232
15,987
504
2,839
2,740
1,160
2,777,874
732,122
55,918
14,529
132, 602 1, 747,219
138,669
3,260
23,892
65, 634
70, 712 11,301,097
312,235 1,763,305 23,493,631 1,260,811
35,290
162,097 1,171,222
701,048 127,337,846
5,538, 666
57,479, 742 30, 432,837 9,183,829 1,341, 799
903
11, 570
501,263
192
105,231
1,858
41,316
10,564
19
524,435
456
7,202
81,092
3,953
25
226
7,878
6
107,089
41,316
915
114
8,317
20,559
1,052
1,546
128,166
941,895
117
25,601
623
312,254 1,788, 906 23, 586, 863 1,269,063
35,913
163,149 1,172,768
8
19,714
33,952
861, 568
6,102
1,432
8,252
19
17, 542
13,499
88, 767
41
1,052
529
10, 564
64,446
68
555
93,232
Includes stock savings banks.
One branch of a national bank and 1 branch of a State member bank in New York.
3 Branches of banks in California and Hawaii.
788
1,387
22,399
52
975
10,507
8,844 58,004,177 30,539,926 9,225,145 1,352,363
1
2
1,735
28
829,214 128,279, 741
4
Asset and liability items include data for branches of a national bank and a State
member bank in New York.
* Asset and liability items include data for branches of a State member bank in
New York.
B
3
to
C
TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. SO, 1961—Continued
to
Or
00
LIABILITIES
[In thousands of dollars]
Demand
deposits
Location
Time and
savings
deposits
Total
deposits
Rediscounts,
and other
liabilities
for borrowed
money
Acceptances
executed
by or for
account of
reporting
banks and
outstanding
Other
liabilities
Capital
stock i
Surplus
Undivided
profits
Reserves
and retirement
account for
preferred
stock and
capital
notes and
debentures
10, 266
5,087
5,341
38, 534
7,184
25, 757
541
752
648
8,250
986
2,883
O
3
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
185,922
33, 790
74,338
1, 590,121
253,429
996,853
181,209
98,615
139,159
323,111
165,260
357,152
367,131
132, 405
213, 497
1, 913, 232
418, 689
1, 354,005
90
20
100
1,062
24
47
3,134,453
.- .-
_ _
-
._
_ _
_ _
_.
4, 398, 959
210
8,349, 245
1, 450, 601
2, 057, 839
158,806
437, 612
215, 500
35, 993, 766
3, 230,166
6,095,839
729, 482
1, 324, 957
736, 739
204, 567
1,100
10, 370
1, 094, 343
74
14, 294
100
35,441,346
_
_
1, 264, 506
27,644, 521
1, 779, 565
4, 038, 000
570,676
887,345
521,239
12,669,603
48,110,949
866, 225
410, 087
1, 514, 790
315,252
932,124
1,217,642
410, 362
759, 553
810,107
2,190,697
514,815
1,179, 723
644, 028
650,216
222,936
633, 501
107, 731
508,859
682,772
232,450
269,202
316,936
816,991
185, 540
330,133
445,886
1, 516,441
633,023
2,148, 291
422, 983
1,440,983
1,900, 414
642, 812
1, 028, 755
1,127,043
3,007, 688
700, 355
1, 509,856
1,089,914
11, 765, 405
5, 403,153
17,168, 558
8,628
1,477
3,073
78, 936
14, 490
53, 740
11, 925
2,580
6,789
61, 459
11,150
37,697
14, 590
6,840
7,507
96, 866
23,423
61, 391
160, 344
131, 600
210, 617
92,169
14,060
354
34
1,251,427
80, 447
111, 000
25, 211
19,318
18,040
1,055,086
78,167
152,153
19,644
29, 348
12, 985
1, 760, 668
129, 986
361, 573
52, 327
73, 004
27, 591
626,168
43, 461
107,947
9,602
17, 806
12,161
52, 346
5,274
10,160
91
5,198
2,400
216,137
1,109,099
1, 505,443
1,347,383
2,405,149
817,145
75,469
400
1,000
225
1,590
40, 925
18,465
49,869
19, 568
45, 673
69,453
19, 514
22,408
33,455
94,462
17,093
34,829
29,818
67,351
38,951
110, 312
20,635
63,175
65,919
26, 344
58, 684
39,205
100,202
22, 945
70,165
35,943
27,325
18, 375
27,257
7,186
26, 724
22,170
19,239
2,380
18,302
57, 940
21,861
33, 528
28, 310
1,815
3,549
6,889
1,261
12,953
4,079
1 388
1,398
3 608
13, 305
2,805
3,282
3,369
495, 532
719,831
310,597
59, 701
1,133
520
166
620
287
3,186
211
525
56
264
27,893
11,082
112, 753
2,973
25,002
24,656
5,363
7,869
11,326
16,679
2,233
11,960
15,265
4,483
6,952
275,054
466
350
260
72
319
912
6
W
i
Ohio
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
-
_
Total Middle Western States
.
.
..
Total Western States
Washington _
Oregon
California _
Idaho
Utah_.
Nevada
Arizona
Alaska
Hawaii
__
.
Total Pacific States
Total United States (exclusive of possessions)
_
Canal Zone (Panama)
Guam
Puerto Rico
.
American Samoa
Virgin Islands of the United States
__
Total possessions
Total United States and possessions
* Includes capital notes and debentures.
144,423
42,656
149,303
126,964
64, 538
40,260
56, 311
126, 903
290, 548
64,863
212, 564
164,246
96,090
48, 513
84, 509
150,008
90, 774
48, 753
99,968
80,147
57, 836
39, 376
85,975
116,028
2,295
3,679
55,197
16,132
5,594
8,670
9,040
12,207
16,083
358, 510
751,358
1, 111, 341
618,857
112,814
333
1,740
1,120
3,983
4,991
4,272
625
14,608
2,110
4,592
11,170
9,091
18, 764
32,909
12, 265
1,945
22,285
7,065
16,055
14,286
12,272
22,859
51,266
12, 751
5,568
22,461
6,744
16,860
16,354
13,959
19, 905
34, 549
8,682
4,086
13,295
3,031
16,091
7,164
1,943
2,001
2,022
247
675
2,706
1,889
991
10,142
38,041
131, 549
165,067
129, 952
19, 638
10, 769
11, 219
198,978
5,578
13, 867
4,041
13,958
1,500
18,145
15,013
9,221
267, 533
6,077
20, 556
5,189
19, 629
1,160
21,613
10,050
3,385
130,994
3,100
7,144
1,868
4,626
476
10,268
839
408
5,984
429
69
5, 599,983
1,910,297
5,986,726
4,398,230
2, 726, 571
1,481,862
2,227,878
4,076, 567
550
27
1,150
165
275
1,494
16,417,220
11,990,894
28,408,114
4,106
236, 014
254, 953
459,458
854,402
281, 271
85, 393
410,058
163, 574
377,483
164, 665
130,138
99,318
355,477
146,149
48, 781
230,042
73,976
153,451
400,679
385, 091
558, 776
1,209,879
427, 420
134,174
640,100
237, 550
530, 934
2,110
4,318
200
100
3,081
1,401,997
4, 524,603
150,116
138,110
3, 547,737
62,864
230,261
78,910
134,290
14, 709
225,100
354,469
293,572
7, 770,882
180,168
571,611
161,166
388,858
37,071
468,288
5, 643, 988
-_- . - - - -_
North Dakota
South Dakota _
Nebraska
Kansas
Montana
Wyoming
_
Colorado
New Mexico
Oklahoma
3,394
92,817
25, 884
75, 046
74,248
24, 692
12,322
10,207
43,294
2,453,781
745,775
2,335,038
2,462,954
1,332, 758
724,358
757,450
1,178, 780
204, 353
155,462
4,223,145
117,304
341,350
82,256
254, 568
22,362
243,188
._
3,146,202
1,164, 522
3, 651, 688
1,935,276
1, 393, 813
757, 504
1,470, 428
2,897, 787
3,122,606
.-
Indiana
4, 582,097
75, 525,018
445
1,265
37
10, 884
135
34
334
95
1,160
5,038
3,321
136,116
2,735
9,094
2,223
9,241
35
7, 639
10,226,085
7,155
65,934
175,442
278,055
365,991
171,911
242,233
1,199,201
2, 512,834
3,135,477
4,977,996
2,140,631
292,206
1,432
43,250
100
16,237
85
3,744
33
5,296
31
114
8
690
43, 708
26
295
28
150
6,710
64,746
200
1,000
340
1,455
15,139
13,009
374, 516
3 799
10,163
4,567
20,253
361,335
2 028
9,987
19, 706
33,262
735,851
5 827
20,150
12,050
416,626
._
8
10,524
37, 312,250 112,837,268
i
398,170
814, 796
12,050
1,546
44, 727
43,350
16, 322
3,777
5,327
37, 710,420 113,652,064
254,283
1,200,747
2, 557, 561
3,178,827
4, 994,318
2,144, 408
O1
tr
tr1
297,533
75,941,644
B
o
(See classification on pp. 262 and 263.)
CO
TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec, 30, 1961—Continued
[In thousands of dollars]
to
Loans and discounts
Real estate loans
Location
Maine
_New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
Loans to financial institutions
Secured Secured
To doby
by resi- Secured mestic
farm
comdential
by
land
merproper- other
(inties
proper- cial
cluding
and
(other
ties
imforeign
than
provebanks
farm)
ments)
4,388
1,845
7,327
1,518
255
1,917
56,806
54,350
57,095
121,839
47,383
187,400
27,776
13,647
17,504
87,793
29,796
50,585
17,250
524,873
227,101
721
Other
Loans for purchasing or carry- Loans to farmers Commering securities
All
cial and All other
indusloans to other
Directly Other
trial
individ- loans
guaran- loans to loans
(inuals for
To
teed by farmers (includ- personal cluding
brokers
the
(exand
Other
overCom- cluding ing open expendi- drafts)
dealers
tures
modity loans on market
paper)
inseCredit
curities
real
Corporation estate)
5
1,531
1,250
600
2,687
4
362
78,582
12,701
20,732
550
34,335
3,773
7,507
4,107
115,068
686
30,618
483,532
14,259
106,935
2,525
5,036
4,578
12,610
77,683 2,728,964 1,043,160 390,556 1,868,709 2,066,203
6,024
647
38,649
2,786
5,710
9,010
97
7,514
793
2,476
2,113
20,461
1,269
97, 549
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
._
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total
Southern
States
_
28,422
9,903
35,913
12,193
43,763
21,390
24,684
38,628
24,724
18,452
26,282
63, 512
51,018
166,484
83,954
107,973
33,867
132,557
112,162
50,164
45,322
86,336
88,728
39,538
111,091
98,256
54,105
27,079
67,048
14,147
42,915
82,078
21,081
25,821
54,586
70,007
25,105
43,861
33,170
2,050
100
726
324
116
120
523
2,000
216
2,832
3,692
40
17,882
4,376
66,965
3,797
26,580
20,037
2,564
14,570
13,415
24,492
6,355
32,216
7,469
398,884 1,156,432
561,003
12,739
240,718
Less
valua- Net loans
tion
reserves
o
o
55,263
6,937
23,645
409,116
90,788
218,687
56,794
10,981
27,022
285,194
58,496
234,868
2,377
651
1,018
9,138
11,002
14,756
213,094
89,345
143,117
1,050,986
255,685
751,564
21,190
46,851
24,182 1,301,170
565,708
2,938
564,326
24,993
73,259
10,426
157,734
15,144
66,767
Total
gross
loans
4,782
590
8,331
3,120
124
4,243
814
340
258
18,820
117
10,269
545,524 348,586 1,536,024 1,872,835
55,299
4,946
137,799
65,745
93,148
233,020 15,659 205,370
9,939
22,749
29,243 15,100
29,658
72,225
7,088
6,265
32,419
4,638
25,349
New York
New Jersey
Pennsylvania
Delaware
_
Maryland
District of Columbia
Total Eastern
States
8
804,436
673,355
38,942
2, 503, 791
W
4,241
327
2,453
19,591
5,757
13,690
208,853
89,018
140,664
1,031,395
249,928
737,874
46,059
2,457,732
407
116
58,286 10,064,835 2,497,887 1,018,325 19,763,796
3,859
499,741
30,329 1,736,122
355,499
23,184 1,126,231 1,017,470
77,018 3,487,761
404,488
6,913
5,756
136,792
91,670
649,930
10,613
11,836
186,441
147,890
62
140,799
6,047
386,773
106,114
450,053 19,313,743
49,071 1,687,051
87,428 3,400,333
4,159
400,329
11,925
638,005
1,784
384,989
616,865
13,133
102,983 11,892,239 4,479,130 1,149,245 26,428,870
604,420 25,824,450
9,849
5,411
21,070
6,125
8,319
14,547
2,766
8,761
3,119
35,811
5,326
7,171
4,473
60
3,063
11,493
6
4,408
15,296
4,199
44,447
24,296
1,474
9,739
132,748
119,466
8
985
285,826
105,632
370,668
54,285
206,018
272,177
101,084
87,809
122,284
464,923
69,608
183,078
196, 506
11,697
4,338
20,688
2,034
10,648
15,531
5,557
8,508
11,311
13, 564
3,684
10,965
7,671
789,361
292,114
1,129,373
178,424
699,824
815,538
289,476
448,744
457,485
1,448,427
319,602
670,749
546,609
9,696
5,154
25,226
3,392
11,486
18,425
5,992
12,404
10,704
20,914
3,727
9,943
9,233
779,665
286,960
1,104,147
175,032
688,338
797,113
283,484
436,340
446,781
1,427, 513
315,875
660,806
537,376
462,199 2,257,894 2,519,898
126,196
8,085,726
146,296
7,939,430
26,978
5,043
33, 516
9,559
30,621
20,998
23,152
38,589
17,626
134,809
35,142
47 858
38,308
179,984
45, 631
365,172
36,568
180,876
247,486
53, 799
157,403
117,092
550,502
79,321
145,370
98,690
1
59,651
Ohio
52,027
Indiana
_
38,775
Illinois
50,195
Michigan
_
_
83,924
Wisconsin
37,497
Minnesota
62,569
Iowa
63,014
Missouri
Total Middle
Western States
447,652
North Dakota
15,325
5.443
South Dakota
6.876
Nebraska
21.052
Kansas
3,407
Montana
1,743
Wyoming -2,562
Colorado
2,394
New Mexico
7,991
Oklahoma
Total Western States. 66,793
4,436
Washington
4.124
Oregon
38,499
California - - 1 516
Idaho
5,243
Utah
_ _ —
1,015
Nevada
414
Arizona
- 160
Alaska
2,572
Hawaii
—
Total Pacific States.. 57,979
Total United States
(exclusive of possessions)
- 1,066.241
Canal Zone (Panama)
Guam
Puerto Rico
_ American Samoa
Virgin Islands of the
United States
Total possessions
Total United States
and possessions
715,926
225,890
414,325
693,315
374,291
176,099
185,108
389,430
9,491
76,824
6,045
36, 565
25,385
22,281
6,030
8,647
30,367
51,933
17,310
66,957
34,656
28,595
8,205
16,156
26,155
110,810
7,880
199,077
112,653
40,063
6,641
34,275
117,826
92,980
1,296
133,639
16,849
4,891
411
6,305
60,319
119,767
4,218
113,633
55,982
12,170
4,793
7,154
33,914
3,174,384 1,061,171
41,487
629,225
316,690
351,631
61
15
10
22
346
1,960
750
580
20
579
301
256
4,414
1,029
333
9,117
858
1,290
5,214
8,398
32,435
68,268
3,766
492
2,771
730
18,098
53,416
83,035
143,591
180,210
47,760
17,361
45,347
14,699
55,207
11,346
15,307
37,481
98,167
35,967
11,670
91,114
33,001
56,679
18.366
19, 224
39, 218
105,123
41,942
9,263
124,834
29, 742
75,874
1,790
1,113
1,420
3,433
2,804
299
15.595
991
1,713
134,933
161,163
288,098
565,435
190,748
58,559
367,076
105,633
247,667
3,725
3.424
4,886
5.465
4,571
644
6,408
2.659
3.101
131,208
157, 739
283,212
559,970
186,177
57,915
360,668
102,974
244,566
3,703
18,177
140,172
640, 626
390, 732
463, 586
29,158
2.119,312
34,883
2,084,429
297
3,388
3,554
316,814
59, 625
977
15.368 . . 1,736
1,840
7.682
550
159
758
4.827
665
145
42,445
424
1,896
17
39
29
8,480
3.432
449
9
956
3
48, 769
13, 011
39, 440
10. 958
106, 547 1.416, 665
25 053
28, 763
21,176
84,028
5.819
31,783
69,092
9,581
5,871
581
64. 446
3,730
38,091
33.885
798.011
24 749
72, 234
18.057
83,608
4,275
51,187
1.018
3.114
46,839
424
1.772
1,068
2.338
91
6,730
168,091
138,906
4, 324,183
100,870
304,549
88,802
217,399
17,162
265,999
2.698
2,097
70,549
1.724
5.213
1.208
2,132
337
1.337
165,393
136,809
4,253,634
99 146
299.336
87, 594
215,267
16.825
264,662
62,966
54,140
4,872
200,166 1, 785,147 1,124.097
63.385
5,625,961
87, 295
5,538.666
5,863
24,266
20,477
16,425
60,447
40,158
10,993
36.467
10.842
17.699
4,370
6,889
7,062
18,833
8,666
5.170
24,474
10, 771
11,843
30
185
966
3,312
5,137
3,289
485
11,893
1,585
1,243
237.774
98,078
2.418
28,095
40,007
28,435
1,090, 502
12,419
74.840
13,886
35,172
3,147
84,425
14.955
14. 799
377.100
5,589
26, 253
15,317
8,067
2.849
38,844
22
3
31,136
1,382,833
503,773
31,994
5
2,322
833
354, 609
709,953
135,286
779 613
408,823
287,182
87,438
176,870
486,557
673,573
223,434
564,823
626,745
244,060
147,302
196,143
449,050
188,594 1,265,172 3,071,722 3,125,130
23
2,939,830
821,798
2,633,488
2,266,422
1,321,013
712,956
1,211,756
1,977,739
212,144 13,885,002
2,887,897
804,488
2,566,531
2,231,766
1,292,418
704,751
1,195,600
1,951,584
249,967 13,635,035
B
3
O
O
1
3
9. 205,260 3,494,286 483,301 3,236,424 2,593,962 1,204.179
1.890
81, 554
39
20,972
29
466,237 2, 692,336 20.202,170 12,385,196 1.619,070 58,648,662 1,168,920 57,479,742
88,257
23, 543
5,751
14,158
14,158
514
514
13,194
360
3 665
244,327
309
5 678
107,837
191
234
290
7,225
2
903
11,570
505,015
222
1,923
8
13,186
2,503
5,751
1,075,732 9.293,517 3.517.829 489,052 3.250. 582 2,593.962 1,204.693
67,465
101,653
178,951
86,339
110,540
177,117
408,092
135,015
15,173
3,990
1,550
4
100
14,807
4,813
9,491
3,427
4,941
22,126
1,272
28
27,453
68,706
60,641
303,591
59,128
136,788
184,874
140,033
42,171
57,787
136,799
1,256
12
10,507
250, 275
115,271
7,763
528,217
3,752
30
903
11 570
501, 263
192
10,507
3,782
I
524,435
466,237 2,705,530 20.452,445 12, 500, 467 1,626,833 59,176,879 1,172,702 58,004,177
O
to
to
TABLE NO. 45.- - Assets and liabilities of active State commercial banks, Dec. 30, 1961—Continued
[In thousands of dollars]
Demand deposits
Capital
Location
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
New York
_ _ _.
_
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
Total Eastern States
Virginia
"West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentuckv
Tennessee
Total Southern States
Capital
Preferred
notes
Common
and debenstock
stock
tures
IndividBanks in U.S.
States and
Foreign
U.S. Gov- political
uals, part- governments,
nerships,
subdiviernment
Commercial Mutual
and corpo- central
sions
savings
rations banks, etc.
Banks in
foreign
countries
Certified
and officers'
checks,
etc.i
3,129
588
1,826
27,324
4,725
11, 594
11,825
2,505
6,611
61,259
11,150
37,697
100
75
178
200
149,996
24,956
57,268
1,296, 916
213,927
835,083
7,237
1,169
2,274
53,221
10, 282
38, 842
20,471
6,750
11, 759
134, 797
14, 352
79,488
3,042
242
1,189
44, 290
1,947
11,811
2,047
85
22
31, 630
7,359
20,035
131,047
553
2, 578,146
113,025
267, 617
62, 521
61,178
2,780
49,186
753, 018
161,117
149,132
35,815
69,097
28
3,390, 276
43, 715
341, 294
6,880
34, 536
21,354
429,391
5,232
24, 284
3,276
2,834
801,249
446
13,616
17
958
1,706
2,191, 565
31, 336
68,006
3,807
8,979
8,031
465, 017
817,992
2, 311, 724
25
15, 200
4,997
14, 591
1,932
9,307
17, 551
2,878
5,357
8,913
46 660
4,090
13, 011
6,300
44,676
5,465
1, 294, 597
50,141
39,865
18 465
49,847
19, 518
45,496
69,003
19, 514
22, 298
33 438
94 462
17! 093
34 779
29,818
493, 596
18, 479, 480
1,467,100
3,303, 773
488, 883
744,404
474, 740
418,541
18
918
16
2,044
1,181,001
70, 601
136, 977
31, 998
26, 521
13, 336
2,645
24, 958,380
421, 537
1,460, 434
1,168,207
3, 838,055
1,060
1,010,410
70,092
152,143
19, 644
29, 323
12,985
669,145
324,362
1,100, 209
254, 825
725,882
985, 069
315, 720
534,061
530,030
1,814 630
421, 655
861,805
516,489
22,161
12,061
46,869
10, 710
30, 857
25,637
9,984
12,251
10, 571
32, 363
7,812
24,960
12,418
93, 497
49, 615
125,068
32, 821
103,420
152,999
76, 753
147,482
177,631
185 763
59,420
116,475
91,033
66,197
19,052
227,875
14,964
62,350
35, 569
5,027
60, 399
82, 962
110 481
21,832
163, 426
17, 788
258, 654
1,411,977
887,922
2,610
10
25
22
50
177
450
110
17
50
177
1,759
9,053,882
48
6
54
1,943
837
178
308
769
3
800
46
2,129
150, 787
13
W
Q
Q
3
o
io
liana
nois
chigan
sconsin
nnesota
va,
..
ssouri
Total Middle Western States,.
rth Dakota
ith Dakota
_
braska
__
_
nsas
mtana
,
coming
lorado
w Mexico
_
__
_
lahoma
_
Total Western States
_._
ishington
3gon
lifomia
iho
___
ah
vada
izona
iska._ _
waii
__
_ __..
Total Pacific States.
nal Zone (Panama)
am
erto Rico
lerican Samoa
__
_
•sin Islands of the United States._
Total possessions
_
Total United States and possessions.
1
133.251
9,069
291, 744
54, 287
52, 988
4,859
26,135
385, 596
3,462
791
144
8,180
1,733
272
2,240
45,396
14,638
68,125
47,150
24,965
14, 768
23,549
27,237
298
538,925
1,438,637
957,929
1,371
15, 887
265,828
174,845
212,188
395,747
611,719
213,457
68,030
318, 575
125,299
306, 723
3,233
4,008
12,321
16,854
5,213
1,044
10,634
3,960
5,812
52,408
33,274
42,041
200,457
39,096
14, 793
39, 679
29, 744
49,214
3,427
3,129
5,080
16,477
19, 519
696
35,311
1,949
7,277
5
2,101
2,354
4,269
8,895
3,981
830
5,859
2,622
8,457
2, 426, 583
63,079
500,706
92,865
5
39,368
8
1,990
17
38,360
o1
tr
100
244
175
363
832
250
2,620,285
929,340
2,959,964
1, 547,263
1,161,708
607,166
1,224,885
2,147,734
250
650
1,890
2,000
255
425
150
744,024
1,789
5,545
13,198,345
11,170
9,091
18, 764
32,909
12,265
1,845
22,285
7,065
16,055
100
131,449
100
10, 769
11,219
198,103
5,578
13,867
4,041
13,958
1,500
18,145
875
3,071, 893
20
26,146
19,894
159,876
20,658
61,075
6,091
39,248
6,298
36,944
4,979
3,150
199,993
1,718
30,037
1,345
4,943
412
2,369
1,521
3,816
2,597
107,493
2,637
6,139
3,455
5,373
389
7,933
139,832
2
39
629
88
52,107
4, 633, 539
5,478
196, 648
376,230
248, 946
757
11,477
56,848, 875
427,367
2, 630, 765
5,163,374
6,088,238
528,323
881,351
2,956, 725
19
51
150
15, 715
8
124
7,295
7,470
276, 308
316
6,032
6
14
7,774
2,663
6, 413
133
847
2,720
62,712
3,227
3,031
13,229
52,107
11,477
139
101
129
297, 421
43,350
20
17,830
71, 690
57,146, 296
427,387
2,648,595
5, 235,064
6,101,596
259
13,358
Includes dividend checks, letters of credit, and travelers' checks sold for cash.
5,458
4,541
4,524
150, 641
2,570
8,011
2,676
5,837
525
17,323
229
293
147
42, 558
43,250
100
3,115,243
162, 652
124,987
3, 561,177
89, 721
236,086
68, 650
198, 538
14, 650
177,078
34
875
277,180
Total United States (exclusive
of possessions)
203, 935
177,379
188,843
219,675
113,109
111, 380
160,164
264,152
436
14
139,187
34,096
134,007
65,168
40,613
19,331
35, 695
70, 828
144,148
42,412
148,653
125,074
62,175
39,173
55,886
126, 503
528,323
16,048
881, 610
2,972,773
8
GO
TABLE NO. 45.—Assets and liabilities of active State commercial hanks, Dec. 30, 1961—Continued
[In thousands of dollars]
Time and savings deposits
Location
Savings
_
3,145
589
1,358
21,078
20,796
8,590
Postal
savings
Banks in U.S.
States and
political
subdiviCommercial
sions
Mutual
savings
893
764
1,636
11,482
4,569
3,353
13
122
25
1,079
160
22,697
450
100
183
105,836
100
1,938
146,345
10
66,896
25
400
17
425,162
35,425
68,016
12 671
24,320
146,355
67,321
150
300
_
_
_.
682
55, 556
1,278,151
3,461
35
6,683
14, 786
1, 930,801
65,191
192,093
21,297
15,558
34,946
4,314
20, 861
396
1,369
365
1,728
7,776
24,965
2,259,886
1,296,323
32,495
552
565, 594
108, 579
555,818
212, 674
463,889
82,511
382,848
547,839
211,181
183,813
277,804
550,432
157,499
223,127
336,319
Total Eastern States—
Banks in
foreign
countries
17
6
28
553
460
15
8,167, 533
nnsylvania
jlaware..
aryland
strict of Columbia
198
17
452
15
U.S. Government
4,375 010
1,349,454
1,776,352
124, 438
388, 601
153, 678
Total New England States..
;w York
Total Southern States
176,956
97,239
135, 535
289,570
139,313
345,169
1,183,782
aine _
;w Hampshire
rmont
assachusetts
lode Island
tnnecticut
rginia__
_
est Virginia
>rth Carolina.
uth Carolina
orgia
orida
_
abama
ississippi
uisiana
xas
kansas
,ntueky_
nnessee
Other
Accumu- deposits of
Foreign
lated for individuals,
governpayment of partnerments,
ships and
central
personal
corporabanks, etc.
loans
tions
970
1,711
16,867
2
322
2,865
217
1,286
1,683
75,232
557
16,186
3,102
31,254
7,332
50,331
5,353
66,859
30,336
15,567
78,221
24,935
100,282
25, 482
67,391
82,367
3,353
45
5,145
1.087
2,432
391
343
51
1,041
174
62
1,229
205
926
138
2,218
5
431
914
34
321
12
421
11
58
55,916
937
93, 916
15,933
52, 580
99,192
4,913
1,116
10,209
89,559
1,439
22,116
23, 578
1,979
99
1,135
2,840
1,387
1,235
195
4,715
943
1,300
80
73
257
4,185,754
121,000
585,710
15, 558
5,489
471,404
100
16, 238
13,858
2,000
2,000
352
705
- i
-
-
•
•
-••
•
-
Ohio
Indiana
Illinois
Michigan
_ - __
Wisconsin
Minnesota
Iowa
Missouri
,.Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico . _
.
_Oklahoma
_
Total Western States
Washington
. - __
Oregon
California
- _ __ .
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States
_
_
Total United States (exclusive of possessions)—
-_-Canal Zone (Panama)
_ __
Guam
Puerto Rico
_
American Samoa
Virgin Islands of the United States
Total possessions
Total United States and possessions
635
143
39
16
153
164
136
491
111,211
17, 562
82, 317
123, 944
36,042
25,093
2,248
66,643
320
1,580
1,126
316
61
2,030
780
198
102
1,302
65
41
28
1,101
13,995
3,617
1,777
465,060
3,553
2,038,084
594,054
2 002,068
2,147, 651
1 048,162
384, 452
518,553
841, 587
160,076
92
11,972
115
361
171
4,835
2,081
142,325
132,146
225,349
189, 610
247,914
314, 437
231, 635
264, 712
9,574,611
179,703
1,748,128
49 312
54, 580
65,450
260,394
114,019
39,795
187,428
52,092
126, 734
199
2
12
3,470
464
12
108
35
3,502
64 729
62,862
32,105
49,937
23,122
2,782
14, 576
7,613
15,905
35
19
28
90
206
61
10
1,425
1,130
949,804
7,804
273, 631
3,004
142, 701
109,024
2,844,866
59,381
196,173
52, 429
109,155
7,235
121 016
17
9
88
6
4
5,306
5,074
236,231
3,335
4,848
4,488
8,963
335
44,687
30
11,965
15,887
350
100
15
135
273
10
50,390
12,638
1,713
41,492
8,336
6,126
27,895
12, 538
5,840
166, 968
455
n
Q
330
331
450
7
10
24
2
5
20
70
4,012
23
62
10
25
110
1,965
7
437
22
23,833
424,317
19
28, 464
21,983
16,117
7,022
56, 508
19
10
30
70
25
O
O
50
100
7,010
100
700
2,000
300
15,007
g
o
F
F
487
3, 641,980
154
313,267
15,887
6,297
473
578,285
8,397
350
17,007
27, 703, 464
334,308
5,236,178
1,328,205
62,050
8,782
2,270, 008
137,672
146,805
84,778
7
4,187
350
2,530
107, 926
58
145
3,135
2,748
11,094
50
o
1,082
9,483
202,097
455
6,074
1
29
5,485
35,299
1,515
3,738
d
682
219,191
4,188
111, 009
7
17,006
50
46,037
682
27,922,655
338,496
5,347,187
1,328,212
79,056
8,832
2,316,045
138,354
146,805
84,778
to
TABLE NO. 46.—Assets and9,', abilities of active mutual savings banks, Dec. 30, 1961
to
ASSETS
[Dollarfiguresin thousands]
o
Balances
U.S.
Loans and GovernN u m - discounts, ment obber of including ligations,
overbanks
direct and
drafts
guaran-
Location
teed
Obligations of
States
and political
subdivisions
with other
Corpobanks,
rate
Other
stocks,
bonds, including Currency including
reserve
notes, and stocks of and coin balances
deben- Federal
and cash
tures
items in
Reserve
process of
banks
Real
estate
premises owned
other
owned,
than
furniture
bank
and
fixtures premises
Bank
collection
Maine
New Hampshire
_ _
_
Vermont
Massachusetts
Rhode Island
Connecticut
_
Total New England
States
Now York
New Jersey
Pennsylvania
Delaware _ _
Maryland
Total Eastern States .
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States
Washington _
Oregon
Alaska—
_
Total Pacific StatesTotal United States
(exclusive of possessions) _ -
Virgin Islands of the
United States
Total United States
and possessions
32
33
6
184
8
71
272, 967
448,021
117,096
4, 473,129
410,108
2,037,332
334
Investments
and other
assets indirectly
representing bank
premises
or other
real estate
Customers' liability on Other
acceptassets
ances outstanding
Total
assets
97,136
130,127
15,098
1, 748,162
74,012
405,833
14,723
6,164
477
53,292
5,561
32,572
68, 429
32, 516
2,786
320, 650
75,498
321,755
25,950
35, 587
1,169
244,417
27,090
135,217
3,063
1,920
592
25,872
2,716
13, 850
13,231
13, 906
3,677
89, 829
12,064
55,028
3,359
7,899
1,126
42, 718
4,210
21, 763
550
1,041
31
5,041
57
1,100
419
1,124
128
24,449
779
5, 234
499,827
678,305
142,180
7,027, 559
612,095
3, 029, 684
7,758,653
2,470,368
112,789
821, 634
469, 430
48,013
187,735
81,075
7,820
32,133
11,989,650
127 18, 407, 861
21
977, 419
7 1,188,169
68,800
2
347,039
6
2, 793,079
244,148
302,029
19,245
133, 603
387, 697 2,145,452
34, 658
216,800
708, 559
91,468
74, 569
11, 779
95, 571
10, 549
345,066
21,650
34,334
8,223
8
78, 755
7,983
9,399
281
2,840
489, 495
35, 937
31,342
5,942
13,180
166,279
13,507
12,394
1,888
3,293
14, 413
237
1,153
147
263
227,837
10,035
12, 614
10
41, 414
25,055,934
1, 562,374
2,391, 461
190,884
647, 760
163 20,989,288
3,492,104
536,151 3,240, 951
409,281
99,258
575, 896
197, 361
16,213
291,910
29,848,413
2
4
4
1
15, 864
36,002
15,306
243, 837
6,607
19,962
8,244
42,257
637
2,432
1,782
20, 663
3,262
2,005
1,016
41, 298
656
43
14, 495
238
417
251
637
1,174
3,073
1,791
4,021
1,159
316
134
2,035
168
143
17
28
63
450
45
1,659
29,828
64,800
28, 629
370,930
11
311,009
77,070
25,514
47,581
15,194
1,543
10,059
3,644
356
2,217
494,187
4
1
1
297,903
36,277
83
90,189
6,402
174
2,440
335
44,878
3,371
270
932
348
15
11,212
1,312
100
1,921
376
18
12
95
1,148
484
5
450,905
49,000
395
6
334,263
96, 765
2,775
48,249
270
1,295
12, 624
2,315
107
1,637
500,300
514 29,393,213
6,136,307
677,229 4,158, 415
894,175
150,109
786,314
284,395
24, 496
327, 897
42,832,550
5
1
16
58
1
22
278
677,229 4,158, 420
894,176
150,125
786,372
284,396
327, 919
42,832,828
1
175
515 29,393,388
6,136,307
24,496
W
i
i
t-1
in
j
LIABILITIES
Demand
deposits
Location
Maine..
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States
_ _
1,405
1,452
416
11,611
2,090
22,260
440,860
595,726
127,998
6,203,951
549,686
2,709,998
442,265
597,178
128,414
6,215,562
551,776
2,732,258
50
2,755
161,695
646, 750
441,422
68,651
1,610,212
88,242
133,458
20,511
32,480
387,165
1,540
936
325
21,157
146,183
39,336
51,639
286
100
874
2,183
7,394
1,905
121,159
11,287
17, 767
Surplus *
Undivided
profits
29,809
36,706
5,769
383,950
40,939
149,577
23,379
29,873
4,999
272,652
7,657
102,862
Reserves
2,141
4,399
1,093
34,236
436
26,346
10,667,453
22,382,664
1,387,026
2,178,908
169,331
575,128
22,551,147
1,416,857
2,185,146
169, 607
585,372
6,460
300
354,767
16,399
20,282
155
8,351
26,693,057
26, 908,129
6,760
399,954
1,884,903
411,123
26,536
53,147
26,098
341,388
26,652
58,364
26,221
342,551
503
40
105
1,814
2,275
4,905
2,096
19,000
298
748
199
725
100
743
6,619
447,169
453, 788
2,462
28,276
1,970
7,691
4,806
613
407,300
44,661
149
412,106
45,274
149
1,676
831
1
26,114
1,332
175
4,395
795
70
6,614
68
700
s
6,840
5,419
-
8
237,544
116
5,217
123
1,163
_
_
10,628,219
3,679
215,072
Total United States (exclusive of possessions)
Virgin Islands of the United States..
452,110
457,529
700
2,508
27,621
5,260
6,682
266,344
38,220,555
202
38,486,899
202
11,139
566, 619
1
2,587,550
859,775
75
320,568
266,344
38,220,757
38,487,101
11,139
566,620
2,587,550
859,850
320,568
i Includes guaranty fund and capital notes and debentures of $250,000 for banks in the State of New Hampshire.
Other
liabilities
39,234
___ _
Total United States and possessions
Total
deposits
168,483
29,831
6,238
276
10,244
New York
New Jersey
Pennsylvania
Delaware _ _ _ . _
_
Maryland..
_
Total Eastern States..
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States.
Washington
Oregon
Alaska.
.
Total Pacific States
Acceptances
Rediscounts executed by
or for
and other
liabilities for account of
reporting
borrowed
banks and
money
outstanding
Time and
savings
deposits
I
to
TABLE N O . 46 —
and liabilities of active mutual savings banks, Dec. SO, 1961—Continued
8
[In thousands of dollars]
Loans and discounts
Real estate loans
Secured
Location
by
farm
land
(including
improvements)
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...
Secured
by residential
properties
(other
than
farm)
Loans for purchasing or carrying securities
Loans to financial institutions
To domestic
Secured commerby
cial
other
and
properforeign
ties
Other
banks
233,996
1,314
339,721
3,545
88, 720
3,816
4,497 3, 916,368
384, 997
154
5,089 1,880,464
25,364
86,536
14,674
463,892
16,558
113,914
18,415 6,844,266
720,938
765
5,668
9,390 18,947,562 1,960,286
3,780
2,492
126
16,343
9,724
27,208
13, 575
211,484
261,991
10,234
12,305
4,726
91,963
5,968
38,139
850
1,975
1,339
5,839
1,512
453
273,155
449,319
117,311
4,486, 973
415,262
2,042, 816
11, 968
Less
valua- Net loans
tion
reserves
188
1,298
215
13,844
5,154
5,484
•272,967
448,021
117,096
4,473,129
410,108
2,037,332
4,569
2,231
16,987
163,335
7, 784, 836
26,183
7,758,653
1,721
53
2
94,559
1,026
115,514
5,233
2,257
309
24,133
1,070 18,578,103
980,414
24
1,213, 939
69,029
350,664
2,071
170,242
2,995
25, 770
229
3,625
18,407,861
977,419
1,188,169
68,800
347,039
2
98,005
147, 446
3,165 21,192,149
202, 861
20,989,288
34
145
154
121
1,796
712
117
238
6
160
16,424
36,280
15,307
247,337
560
278
1
3,500
15,864
36,002
15,306
243, 837
34
145
275
2,863
166
315,348
4,339
311,009
359
44
37
2,420
464
481
2,504
15,866
27,133
982
3,791
2,182
2,878
5,806
1,348
Total
gross
loans
8
374
1,812
300
5,668
All
other
loans
(including
overdrafts)
362
158
42
1,177
223
2,607
400
964
5,408
1,489
19,272
22,741
Other
loans to
farmers
(excluding
loans on
real
estate)
Other
loans to
individuals for
personal
expenditures
400
1,740
45
514
765
Other
Directly
guaranteed by
the
Commodity
Credit
Corporation
Commercial and
industrial
loans
(including open
market
paper)
15,866
962
6,966 16,539,668 1,795,329
900,969
74,045
90
50,014
940 1,158,008
56,454
11,518
748
292,463
29,380
646
To
brokers
and
dealers
in securities
o
Loans to farmers
=
=
2,255
ington
»n
a
710
254,133
32,423
83
41,018
3,574
2
1,305
326
835
298,003
36,323
83
100
46
297,903
36,277
83
Total Pacific States.
710
286,639
44,592
2
1,631
835
334,409
146
334,263
16,134 29,626, 742
233,529
29,393,213
^
175
§
^
29,393,388
Q
TotalUnitedStates
(exclusive of possessions)
i Islands of the
ited States
51,256 26,340,458 2,752,949
TotalUnitedStates
and possessions--
51,256 26,340,609 2,752,949
6,433
3,466
16,266
6,860
2,378
115,267
315,275
24
151
6,433
3,466
16,266
6,860
2,378
115,267
315,275
175
16,158 29,626,917
233,529
fel
o
o
I
o
d
3
o
to
o
TABLE N O . 46.—Assets and liabilities of active mutual savings banks, Dec. 80, 1961—Continued
to
[In thousands of dollars]
3
Demand deposits
Location
Maine
-_,. __.. .
,
New Hampshire
Vermont
.. . _
Massachusetts^
Rhode Island
Connecticut
»
_
Individuals, Foreign govpartnerships, ernments,
central
and corporabanks, etc.
tions
„_..
.. ,
- - _
_
..............
Ohio
~^~
--
-
-
- -
_>
..-
_.._^__..___..
Total Middle Western States
Washington
Oregon
Alaska
_.
_ ~ - ..
_._
_
..
~ -
>^»>^..>
_
_
Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States
Total United States and possessions
1 141
1,394
394
10,932
1,987
21,369
90
31
14
581
29
428
1
5
1
35
4
1
174
27
7
89
73
427
1,173
42
5
797
4,353
253
535
22
105
437
285
23
4
16
15
25
945
3,104
97
5,268
765
40
5,591
5
112
1
1
1,188
4,901
118
1,189
4,732
607
73
6
1,445
O
O
I
33
277
101
411
1
1
5,339
79
250,865
6,638
1,996
46
6,799
250,865
6,638
1,996
46
6,799
i Includes dividend checks, letters of credit, and travelers' checks sold for cash.
Certified
and officers'
checks, etc. 1
77
3,640
21
1,163
> . .. _
..
...
..
Mutual
savings
Commercial
g
Banks in
foreign
countries
162, 733
26,164
5,583
250
8,678
. . . . . .
Total Eastern States...
Indiana
Wisconsin
Minnesota
Banks in U.S.
37,217
_
„-....,.•,.
Delaware
Maryland
States and
political
subdivisions
203,408
^
Total N e w England States
N e w York^ _ .
N e w Jersey
Pennsylvania
U.S. Government
o
Time and savings deposits
Location
Savings
»__
..
.. „
----..-_«»„_
Total New England States
York
Jersey
sylvania
svare
rland
-
» «.
-
.. -
> _ » .. „ „ .. .. i
„-___
- ~. _
,. . >
Total Eastern States
na
snsin
lesota
•
^
„ ..
•
•
8,224
122
252
173
10
8,598
183
7
183
7
1,687
g
13
7
20
2,679
1,464
205
526
526
Banks in
foreign
countries
191
1,038
515
134
Mutual
savings
279
4,348
22,379,985
1,377,165
2,178,571
169,079
575,120
444,746
«
5,917
7,402
24, 972
52, 619
25,767
341,388
Total Middle Western States
Commercial
12
70
26,679,920
-..._......
Banks in U.S.
59
21
_ 10,614,492
.. _ _ ^ ..
-
States and
political
subdivisions
98
90
16
47
49
.. „
Postal
savings
2,132
601
1,161
185
583
1,255
1,460
99
977
668
1,486
2,712
437,074
594,936
125,844
6,203,098
547,617
2, 705,923
L6
Hampshire
Lout
achusetts
le Island
Lecticut
Other
Foreign
Accumu- deposits of
lated for individuals, governU.S. Govments,
ernment
payment of partnercentral
personal ships, and
corpora- banks, etc.
loans
tions
75
O
O
o
8
o
407,200
44,287
107
45
11
188
10
55
186
21
„ .. ..
451,594
56
198
262
Total United States (exclusive of possessions)
n Islands of the United States
38,190, 752
202
596
11,989
66
16,400
752
._ 38,190,954
596
11,989
66
16,400
752
lington
- -
)n
:a
-
- - . » • « » •
- - - - .. ^
Total Pacific States
Total United States and possessions.
to
to
to
TABLE N O . 47.—Assets and liabilties of active private banks, Dec. SO, 1961
ASSETS
[Dollarfiguresin thousands]
Obliga-
Num- Loans and
ber of discounts,
banks including
overdrafts
Location
Connecticut
_
_
New York
Pennsylvania
Total Eastern States
Georgia
Texas
Total Southern States...
Indiana
Iowa
Total Middle Western
States
___
Total United States
U.S. GovOther
tions of
ernment
bonds, Corobligations, States
notes, porate
and
stocks
direct and and politguaranteed ical sub- debendivisions
tures
Currency
and
coin
InvestBank
ments
Customprem- Real
estate and other ers' liaises
owned, owned assets in- bility on
directly
accept- Other
furni- other
than representances
assets
ture
and
bank ing bank
outfixin process
prem- premises standing
of collecises
or other
tures
real estate
tion
Balances
with other
banks, including reserve balances and
cash items
1
1,361
527
23
30
4
84
363
71
2
5
105,456
5,104
37,698
5,434
78,670
8,107
407
39
159
89
310
414
77, 542
1,246
1,266
70
6
55
7
110,560
43,132
79, 077
198
8,196
724
78, 788
1,336
6
55
3
3,876
63
49
1,126
51
222
455
726
4,635
7,277
258
489
16,452
8,370
3,939
1,175
273
1,181
11,912
747
2 576
3,168
325
352
2
10
94
189
643
2,472
38
38
336, 786
12,989
23,414
4,289
349,775
80
71
13,146
31,141
151
44,287
5,689
12,369
87
2 007
6,131
2,466
4,284
5
4
501
7,869
7,002
9,450
43
3
7
10
8,138
5,744
677
136,511
57,773
83,716
1,415
9
283
12
61
8,473
Total
assets
23,414
52
35
36
7
§
3,115
76
9
2,272
94,178
2,230
102
4
55
23,414
18,058
4,447
414, 586
fel
O
O
d
O
3
LIABILITIES
Demand
deposits
Location
Connecticut
Total United States
Acceptances
executed by or
for account of
reporting
banks and
outstanding
Other
liabilities
Capital
stock
Surplus
4
2,281
272,270
10,985
3,394
250
25,356
6,803
6
8,000
18,497
1,735
42,229
283,255
3,644
25,356
6,809
8,000
9,117
22,718
_
334
35,957
6,272
241,026
Total Eastern States
Total Middle Western States
Eediscounts
and other
liabilities for
borrowed
money
1,947
Georgia
Texas
Total Southern States
Total
deposits
236,313
4,713
_
New York
Pennsylvania
Indiana
Iowa
Time and
savings
deposits
1,862
5,123
10,979
27,841
241
149
42
937
1,359
31,835
6,985
38,820
241
191
2,296
4,029
10,028
1,136
1,379
5,165
11,407
25
155
305
14,057
2,515
16,572
25
288,865
52,063
340,928
7,029
3,885
25,356
Undivided
profits
Reserves
181
466
2,000
13
20,232
466
2,013
407
1,364
95
408
1,771
338
127
465
168
276
176
369
460
444
545
12
10, 756
22,447
1,657
2,528
503
12
CO
to
2
TABLE N O . 47.—Assets and liabilities of active private banks, Dec. 30, 1961—Continued
[In thousands of dollars]
g
Loans and discounts
Location
Connecticut...
New York
Pennsylvania
Total Eastern
States
Georgia
Texas...
Total Soutnern
States...
_.._
O
Loans to finan- Loans for purReal estate loans
cial institutions chasing or carry- Loans to farmers
Commering securities
cial and Other
loans to
indusTo doindividtrial
Directly Other
Secured Secured
mestic
To
uals for
loans
guaran- loans to
by resiby
brokers
teed b y farmers (includ- personal
dential Secured comfarm
and
ing open expendithe
(exmerproperland
Other
by
Other
dealers
tures
market
Comcluding
ties
(incial
other
in semodity loans on paper)
cluding (other proper- and
curities
Credit
real
than
imties
foreign
Corpo- estate)
farm)
provebanks
ration
ments)
All
other
loans
(including
overdrafts)
Total
gross
loans
Less
valua- Net loans
tion
reserves
865
176
1,363
2
99
1,292
613
7,685
16
1,590
100
648
14, 004
46
1,930
620
2,808
1,170
105,874
5,110
418
6
7,701
O
Q
1,361
77, 758
359
105,456
5,104
322
246
s
246
1,292
613
1,690
14,050
648
78,117
2,550
3,978
110, 984
424
110, 560
1,082
180
1,071
559
456
363
17
50
331
745
1,200
736
3,412
2,536
3,209
233
86
7,013
9,450
11
55
137
5
7.002
9,450
1,262
1,630
819
67
55
142
331
1,945
4,148
5,745
319
16, 463
11
16,452
25
294
607
321
93
171
138
354
550
3,857
246
673
343
442
23
19
2,025
6,131
18
2,007
6,131
492
4,407
919
785
42
8,156
18
8,138
823
7,000
84,049
9,256
4,339
136,966
455
136, 511
Indiana
Iowa...
Total Middle
Western States-
319
928
264
Total United States
1,827
4,172
1,696
99
99
7,768
1,745
14,192
pi
Pi
1
Demand deposits
Foreign
Individuals,
U.S.
partnerships, governments,
central
and
Government
corporations banks, etc.
Location
155,648
4,602
_
-
_» .
Total Southern States
Total Middle Western States,.
Total United States
2,687
1
Commercial
Mutual
savings
Banks in
foreign
countries
2
Certified
and officers'
checks, etc.1
29
_
21,757
971
33,779
21,470
71
40
21,757
971
33,779
21,541
148
1,231
439
52
355
148
1,231
439
407
3,698
9,410
7
7
320
618
938
156
2,246
13,108
204,847
2,687
i Includes dividend checks, letters of credit, and travelers' checks sold for cash.
Banks in U.S.
29,610
_
__
1
9,065
20,545
____
Indiana
Iowa
2,687
160,250
_
Total Eastern States
Georgia
Texas .
37
1,879
Connecticut
New York
Pennsylvania
States and
political
subdivisions
40
I
4
4
22,198
971
33, 779
21,981
g
to
TABLE N O . 47.—Assets and liabilities of active private banks, Dec. 30, 1961
[In thousands of dollars]
Continued
Time and savings deposits
Location
Savings
Connecticut
U.S.
Government
Postal
savings
States and
political
subdivisions
Banks in U.S.
Commercial
Mutual
savings
Banks in
foreign
countries
o
o
334
New York
Pennsylvania
Total Eastern States
Georgia.—
Texas
Foreign
Other degovernAccumu- posits of
ments,
lated for
individcentral
payment of uals, partpersonal
nerships, banks, etc.
loans
and corporations
_
Total Southern States
Indiana _
_ _
Iowa_.
Total Middle Western States
Total United States
9,652
177
18, 471
500
1,000
6,334
6,095
_
6,095
9,829
18,471
500
1,000
6,334
-
1,688
4,642
169
12
5
464
5
6,330
181
469
5
1,031
1,008
62
359
43
12
_
2,039
421
14, 798
10, 431
55
18,471
1,024
1,005
6,334
I
1
FABLE N O . 48.—Per capita demand and time deposits of individuals, partnerships, and corporations in ail active banks, Dec, 30, 1961
Population
(approximate)
Location
e
Hampshire
ont
ichusetts
e Island... _
ecticut
_. __
Total
Demand
$319,527
213,429
127,796
3,794,328
422,276
1,629,131
Time
Total
$745,916
759,244
389,589
7,126,059
985,057
3,347,583
$1,060.14
1,543.93
1,296. 70
2,064.34
1,606.54
1,872.35
1,829.06
599.23
1,229.83
3,469.47
1,311.01
1,317.83
1,751.29
876.97
1,968.21
1,504.05
564.74
651.86
1,062.28
453. 98
1,418.97
1,965.42
746.27
665.97
689.01
422.99
549.24
2,233.43
1,011.70
1,221.73
711.13
612.50
520.09
362.60
595. 42
758.90
539.49
488.80
689.17
1,019.21
647.41
669.69
747.06
391.30
361.52
365.27
286.54
399.69
497.38
342.03
326.21
463.89
746.53
451.09
497. 56
443. 95
319.83
250.98
154.82
76.06
195. 73
261.52
197.46
162.59
225.28
272.68
196.32
172.13
303.11
11,354,238
704.52
476. 72
227.80
4,608,622
1, 721,920
6,061,026
4,302,226
2,093,888
1,906,356
1,018,849
1,601,122
1,027.02
898. 76
1,504. 88
997.28
1,067. 76
1,124.20
1,005.39
1,134.41
565. 51
536.10
920.63
462.18
553.04
580.61
641.52
772.16
461.51
362.66
584.25
535.10
514.72
543.59
363.87
362.25
23,314,009
1,131.93
645.64
486.29
========
Total New England States
10,858,000
19,859,935
6, 506,487
13,353,448
York
Fersey
sylvania
pare
land.
ict of Columbia
17,208,000
6,343,000
11,579,000
464,000
3,237,000
764,000
59,702,558
8,315, 784
15,259,135
812,599
2,838, 762
1,503, 714
25,881,656
3,582,171
7,547,855
492,897
1,469,546
1,084,098
33,820,902
4,733,613
7,711,280
319, 702
1,369,216
419,616
Total Eastern States
39,595,000
88,432,552
40,058,223
48,374.329
4,117,000
1,854,000
4,659,000
2,425,000
4,023,000
5,355,000
3,330,000
2,242,000
3,360,000
9,915,000
1,809,000
3,103,000
3,651,000
2,927, 721
1,135, 574
2,423,129
879,298
2,395,368
4,063,925
1,796,517
1,095,879
2,315,618
10,105,455
1,171,174
2,078,063
2,727,521
1,610,969
670,262
1,701,803
694,848
1,607,968
2,663,476
1,138,979
731,358
1,558,689
7,401,825
816,030
1,543,938
1,620,859
1,316, 752
465,312
721,326
184,450
787,400
1,400,449
657,538
364, 521
756,929
2,703,630
355,144
534,125
1,106,662
49,843,000
35,115,^42
23, 761,004
iuri
9 986,000
4, 748,000
10 374,000
8,040,000
4,068,000
3,507,000
2,800,000
4,420,000
10,255,810
4,267,327
15,611,684
8,018,111
4,343,643
3,942,576
2,815,105
5,014,086
5,647,188
2,545,407
9,550,658
3, 715,885
2,249,755
2,036,220
1,796,256
3,412,964
Total Middle Western States
47,943,000
54,268,342
30,954,333
lia
Virginia
i Carolina
i Carolina
la
la
,ma
ssippi
iana
isas
icky.
jssee
_
._
_
Total Southern States
na_
is
igan
>nsin _
esota
_ ._
Time
$742.20
1,205.15
976.41
1,347.08
1,124.49
1,259.44
$1,065,443
972,673
517,385
10,920,387
1,407,333
4,976,714
_
_
Demand
$317.94
338. 78
320.29
717.26
482.05
612.91
1,005,000
630,000
399,000
5,290,000
876,000
2,658,000
_
Per capita
Deposits of individuals, partnerships,
and corporations (in thousands)
O
i
B
3
fcO
TABLE NO. 48.—Per capita demand and time deposits of individuals, partnerships, and corporations in all active banks,
Dec. 30, 1961—Continued
Population
(approximate)
Location
I Dakota
i Dakota
iska
is
ana
nine
ado
Mexico
loma
646,000
697,000
1,446,000
2,211,000
687, 000
342,000
1,800, 000
1,000,000
2,382,000
2,935,000
1,820,000
16, 740,000
693,000
930, 000
305,000
1,433,000
238,000
667,000
-
--
- ~
__
-
Total Western States
ington
>
n
>rnia
da
na
a
--
-
-
--
--
__
-_
lie::::::::::::::::::::::::::..:::.:::..:..
::
Time
370,992
429,104
1,115,978
1,333,853
435,129
214, 703
1,255,506
408, 549
1,713,863
246, 748
251,227
294,889
576, 720
280, 935
139,343
676,107
180,687
599,129
10, 523,462
7,277,677
3,245,785
2,949,349
1,843,337
23,010, 796
572,923
834,682
400,118
1,222, 757
149,147
560, 701
1,510,386
928,606
11, 747,993
324, 618
444,408
212,156
748,553
94,001
299,120
1,438,963
914, 731
11,262,803
248,305
390,274
187,962
474,204
55,146
261,581
Total
956.25
976.08
975. 70
864.12
1,042.31
1,035.2%
1,073.12
589.24
971.03
Demand
Time
574.29
615.64
771. 77
603.28
633. 38
627. 79
697. 50
408. 55
719. 51
381.96
360. 44
203.93
260.84
408. 93
407.43
375.62
180. 69
251.52
938.67
649.15
289. 52
1,004. 89
1,012. 82
1,374.60
826. 73
897. 51
1,311.86
853.28
626. 67
840. 63
514.61
510.22
701. 79
468. 42
477. 86
695. 59
522.37
394. 96
448.45
490.28
502. 60
672.81
358.31
419.65
616.27
330. 91
231. 71
392.18
25, 761,000
_- -
--
i
,o Rico
-.
ican Samoa
a Islands of the United States
--
Total possessions
Total United States and possessions
--
-~
31,543,810
16,309, 841
15,233,969
1,224.48
633.12
591.36
239,743,343
124,867,565
114, 875, 778
1,294.43
674.19
620.24
42,000
66,000
2,420,000
20,000
34, 000
Total United States (exclusive of possessions)
Demand
185,211,000
Total Pacific States
1 Zone (Panama)
617,740
680,331
1,410,867
1,910, 573
716, 064
354,046
1,931,613
589,236
2,312,992
11,211,000
-- --
Per capita
Deposits of individuals, partnerships,
and corporations (in thousands)
Total
00
8,727
19,496
590,518
843
25, 545
7,295
7,476
276,308
330
11,225
1,432
12,020
314,210
513
14,320
207. 79
295.39
244. 02
42.15
751.33
173. 69
113.27
114.18
16.50
330.15
34.10
182.12
129.84
25.65
421.18
2, 582,000
645,129
302,634
342,495
249. 86
117.21
132. 65
187, 793,000
240,388,472
125,170,199
115,218,273
1,280.07
666. 53
613. 54
M
8
TABLE ]tf
o. 49.—Officials
of
of State banking departments and number of each class active banks in December 1961
State commerciall
Names of officials
Hampshire
)nt
.chusetts
i Island
>cticut
Titles
Carleton L. Bradbury
Harrison S King
Albert D. Pingree
Edward A. Counihan, III
William M Favicchio
Philip Hewes
Location
State Bank Commissioner
Bank Commissioner
Commissioner of Banking and Insurance. _
Commissioner of Banks
..
Bank Commissioner
do.
Oren L. Root
Charles R. Ho well
Robert L. Myers, Jr
Randolph Hughes ...
W. Robert Milford
Superintendent of Banks
Commissioner of Banking and Insurance
Secretary of Banking
State Bank Commissioner ... _
Bank Commissioner
. __
_ __
ct of Columbia
Logan R. Ritchie
Carl B. Early
Ben R. Roberts
C V; Pierce
W. D. Trippe
Ray E. Green
John C. Curry
Llewellyn Brown
J W. Jeansonne
J. M. Falkner _
Dick Simpson
Hugh A. Rogers
M. A. Bryan
C ommissioner of B anking
Virginia
Carolina
Carolina
ia
a
ma
sippi
ana
sas
icky
ssee
Total Southern
States
Insured
Insured
Total
numNonber
Nonin- Members Noninof Members Nonbanks Federal members sured Federal members sured
Reserve Federal
Reserve Federal
System Reserve
System Reserve
System
System
j footnotes at end of table.
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
21
1
8
14
19
22
44
3
28
4
3
1
4
1
8
26
33
6
8
8
71
37
130
21
152
280
112
233
19
86
7
102
54
65
2
8
4
39
34
151
14
71
3
10
3
5
1
1
127
21
7
2
5
235
312
20
162
1
174
105
140
119
350
201
169
166
150
545
181
265
222
68
34
3
6
15
10
24
7
11
99
22
15
8
106
70
136
107
294
187
145
157
138
429
155
241
208
1
10
4
9
6
2,787
322
2,373
49
Noninsured
1
737
Total Eastern
States
da
Private
523
Total New England States
iTork
ersey
ylvania
r
are
[and
Mutual savings
56
56
29
253
13
116
6
1
6
176
1
182
1
2
5
7
1
1
6
5
4
36
ft
2
7
43
u
TABLE NO. 49.—Officials
Names of officials
Private
Mutual savings
State commercial i
Location
Insured
Total
Insured
numNonber
Noninof Members Nonin- Members Nonbanks Federal members sured Federal members sured
Titles
Federal
Reserve
System
Reserve
System
Illinois
Michigan
Conrad F. Becker
Charles D. Slay..
_
William E. Nuesse
Arthur W. Sands
Clay W. Stafford.
J. Lay ton Pickard
Superintendent of Banks
Director, Department of Financial Institutions,
do
Commissioner, State Banking Department.
Commissioner of Banks
do . _
_
Superintendent of B anking
.._ Commissioner of Finance
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
Eugene Rich
Oscar Brosz
Ralph E. Misko
J. A. O'Leary
Albert E. Leuthold
Norris E. Hart well
Frank E. Goldy
Maurice Matthews
Carl B. Sebring
Joseph C. McMurray
J. F. M. Slade...
William J. Murphy
J. L. McCarthy...
Spencer C. Taylor
Grant L. Robison..
A. J. Grasmoen
._ State Examiner
_ Superintendent of Banks
Director of Banking
State Bank Commissioner
Superintendent of Banks..
State Examiner,.
State Bank Commissioner
. . Acting State Bank Examiner
Bank Commissioner
Supervisor of Banking
Superintendent of Banks
do
Commissioner of Finance. _ .
Bank Commissioner
_. Superintendent of Banks
._ .do.
_
.__
356
320
143
99
210
2 212
1
3
576
294
125
134
445
158
468
510
575
549
58
29
67
93
402
471
485
442
4
9
16
3 14
1
2
1
1
748
2,825
55
1
9
1
118
141
304
423
80
29
114
28
188
2
26
17
46
45
14
17
8
26
113
115
256
374
34
15
67
20
159
201
1,153
71
69
40
82
22
43
4
9
3
19
8
13
2
1
55
34
58
14
26
2
7
1
2
5
Noninsured
6
2
1,425
Raymond H. Willett.
Joseph McCord...
Federal
Reserve
System
3,648
Ohio
Indiana
Wisconsin.
Minnesota
Iowa
Missouri
o
of State banking departments and number of each class of active banks in December 1961—Continued
Q
Reserve
System
2
4
3
31
3
1
30
3
4
1
4
1
2
9
aii
_
A. H. Romick
James C. Davis, Jr
Total Pacific States.
Total United States
(exclusive of possessions).
to Rico
rican Samoa _
n Islands of the
ited States.
Commissioner of Commerce
_ Supervising Bank Examiner
_
3
5
8
10
4
5
1
6
287
Total possessions—_
Total United States
and possessions.
204
22
9,407
Secretary of the Treasury
55
1,598
6,997
238
7
4
1
11
1
1
329
1
60
1
7
13
9,420
184
1,598
243
1
5
7,004
1
329
185
60
Includes stock savings banks.
Includes 1 private bank.
Includes 1 trust company which is a member of the Federal Reserve System.
1
to
oo
to
to
00
TABLE NO. 50.—Assets and liabilities of all active banks, Dec. 31, 1936 to 1961
[Dollarfiguresin thousands]
Number
of banks
1936
1937
1938
1939 .
1940
1941
1942
1943 .
1944
1945 1946
1947._.
1948
1949
1950
1951
1952.
1953
1954
1955
1956
1957
1958
1959 .
1960
1961
___
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
14,103
14,034
13,984
13,971
13,933
Loans and U.S. GovOther
ernment
discounts
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
115,759,782
122,287,478
136, 409,682
145,254,712
154, 842, 810
1
2
3
4
Cash
$17,497,059 $10,700,905 $1,025, 586
16,660,068 9,828,984
907, 871
9,664,255
18,002,042
(4)
9,348,161 1,196, 539
19,447,464
21,028,798 9,499, 776 1,407,364
9,035, 537 1, 545,018
25,553,809
46,059, 111 8,312, 249 1,463,836
7,466,862 1,612,252
66,259,384
86, 414,755 7, 596,205 1, 801,370
101,904,073
8, 611, 660 2,025,088
87,093,517
9, 543,221 2,221,793
81, 636,938 10,760,398 2,392,970
74,462, 553 11,470,848 2,145,156
78,753, 673 12, 682,551 2,185,256
73,188,217 14, 816, 545 2,343,064
71, 595,087 15,991,176 2,890,421
73,010,835 17,449,091 2,938,679
72, 872, 466 18,452, 644 2,690,476
78,004,064 20,519,756 2, 657,128
70,309,691 20,754,037 2, 873,239
66, 795,281 20,556, 588 3,454,476
66,066,124 23,051,813 3,532,901
73,935,092 26,389,891 3,451,865
65, 881,700 26,130, 673 3,169,565
67,343,341 26, 673, 673 3,512,975
72,821,684 29,719,052 3, 864,958
Balances
with other
banks l
$15,871, 668 $3,402,165
15,065,962 3,271,994
18,373, 644 3,258,252
22,197,935 3,010,458
26, 846, 418 2,822,070
25,942,377 2,538, 588
27,371, 581 2,334, 654
2,109,008
1,857, 424
29,175,791
33,589, 693 1,753, 694
1,729, 215
32,995,748
36,167,173
1, 835,487
37,490,369
2,053,761
34, 490, 538 2,102,933
38, 892,739 2,288,962
42, 826,197 2, 558, 776
42, 825,197 2, 677,998
43,301,133 2, 895,929
42,097,116 3,348,420
45,105, 892 3, 486,967
46,382,257 4,144,714
46,006,103 4,770, 796
46, 695,132 5,120,701
47,192,451
5, 573, 660
49, 592,216 6, 555,976
53, 622,203 7,465, 500
Includes reserve balances and cash items in process of collection.
Includes capital notes and debentures in banks other than national.
Includes reserve accounts.
Not called for separately. Included with "Balances with other banks."
Backfigures.—Seereference in heading of table 46, p. 190, in 1953 annual report to
Other
assets
Total assets
Capital 2
$70,110,711 $3,293,014
68,077,758 3, 223,110
70,833,599 3,192, 493
77, 575,257 3,125, 524
85, 571,902 3,070, 519
91, 453, 694 3,034,361
109, 542,577 2,985,391
128,121.978 3,011, 600
152, 947,184 3,052,950
178,351,075 3,187,368
169,406,362 3,299,469
176,024,102 3,342, 600
176,075,430 3,423,195
180,043,113 3, 548,731
192,240, 673 3, 670,249
203,862,623
3,840,006
214,830, 603 4,016, 796
221,132,803 4,173,707
232,684,756 4, 428,194
243,105,011
4,706,970
251,965, 327 5,007, 583
259,187, 519 5,308,140
277, 880,159 5, 568,057
284, 357, 731 6,005, 570
298,932, 893 6,351, 616
322, 336,207 6, 766,977
Surplus
and
undivided
profits 3
$4, 849,310
4,949, 834
5,016, 435
5,169,647
5, 339,039
5, 460,776
5, 619, 637
0,034,091
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
15,228,280
16,253, 667
16,967, 581
18,251,083
19,528,771
Total
deposits
$61,155,014
59,109,903
61,907,761
68, 566,043
76, 407,885
82,233,260
100,265, 638
118,336,126
142,310, 824
166,530,093
156, 801,396
162,728, 682
162,041,389
165,244,044
176,120,158
186, 603,665
196,431,356
201,978,297
212,030,341
221,391, 573
228, 578,958
234,178,092
251,331, 512
255, 496,780
266, 884,548
287,990,710
Bills payOther
able and
liabilities
rediscounts,
etc.
$57,247
50,816
36,612
25,551
25,060
22, 593
51,650
125,624
227,150
48,403
74,614
64,320
27,195
94, 607
44,008
196,234
66,803
32,915
174,195
88,202
97,990
96, 544
648,852
184,371
493,922
I
$756,126
744,095
680,298
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
4,375,017
4, 630,379
5, 238,948
7,261,275
7, 555,827
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.
1
3
TABLE N O . 51.—Assets and liabilities of all active national banks, Dec. 31, 1936 to 1961
[Dollar figures in thousands]
Number
of banks
1936
1937
1938
1939...
1940
1941...
1942
1943...
1944
1945__1946
1947
1948
1949
1950
1951__.
1952
1953. .
1954
1955 . .
1956
1957
1958
1959 . .
1960
1961 -
_ .
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
4,627
4,585
4,542
4,530
4,513
Other
Loans and U.S. Govbonds,
discounts ernment
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
50,502,277
52, 796,224
59, 961,989
63,693,668
67,308,734
$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
31,338,076
35,824,760
31,760,970
32, 711, 723
36,087,678
$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
9,643,633
10,963,464
10,891,885
11,140,471
13,005,861
Cash
Balances
with other
banks1
Other
assets
$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
1, 734,533
1,675,827
1,521,334
1,721,492
1,923,655
$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
25,130,601
25,188,993
25, 942,911
26,953,014
29,154,790
$1,032,327
977,186
1,011,455
960,436
918,082
897,004
847,122
813,468
792,479
797,316
830,513
1
Includes reserve balances and cash items in process of collection,
includes reserve accounts.
Backfigures.—Seereference in heading of table 47, p. 191, in 1953 annual report, to
reports containingfiguressince 1863.
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
2,173,520
2,347,698
2,557, 024
3,040,499
3,328,334
Total assets
Capital
$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
120,522,640
128, 796,966
132,636,113
139,260,867
150,809,052
$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
2,806,213
2,951,279
3,169, 742
3,342,850
3,577,244
Surplus
and
undivided
profits 2
Total
deposits
$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
6,287,004
6,717,522
7,132,375
7, 755,488
8,298,062
$27,608,397
26,540,694
28,050,676
31,612,992
35,852,424
39,554, 772
50,648,816
60,156,181
72,128,937
85,242,947
79,049,839
82,275,356
81,648,016
83,344,318
89,529,632
94,431, 561
99,257, 776
100,947,233
106,145,813
104,217,989
107,494,823
109,436,311
117,086,128
119,637,677
124,910,851
135,510,617
Bills payable and Other
redis- liabilities
counts,
etc.
$3,495
10,839
5,608
2,882
3,127
3,778
3,516
8,155
54,180
77,969
20,047
45,135
41,330
7,562
76,644
15,484
75,921
14,851
11,098
107,796
18,654
38,324
340,362
110,590
224,615
$281, 760
308,499
281,749
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
1,954,788
1,999,002
2,355,957
3,141,088
3,198,514
i
NOTE.—Reciprocal interbank demand balances with banks in the United States
are reported net beginning with the year 1942.
to
CO
to
TABLE NO. 52.—Assets and liabilities of all active banks other than national, Dec. 31, 1936 to 1961
[Dollar figures in thousands]
Other
Loans and U.S. Govbonds,
discounts, ernment
including obligations, stocks,
and
banks overdrafts direct and
guaranteed securities
Number of
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
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
9,476
9,449
9,442
9,441
9,420
$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
65,257,505
69,491,254
76,447,693
81,561,044
87,534,076
$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
35,115,196
34,728,048
38,110,332
34,120,730
34, 631,618
36,734,006
$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
13,408,180
15, 426,427
15,238,788
15,533,202
16,713,191
Capital
Cash
$507,083
485,381
(3)
580, 841
688,565
758, 517
730,337
804,283
896,870
1,016,444
1,127,072
1,224,928
1,104,393
1,125,593
1,195,995
1,471,857
1,492, 545
1,398,222
1,377, 957
1, 484,989
1,747,969
1,798,368
1,776,038
1, 648,231
1,791,483
1,941,303
Balances
with other
Other
assets
Total
assets
Capital
stock
$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
15, 505,243
16,226,373
18,232,603
17,871,928
18,047,869
17,654,390
20, 730,702
21,006,267
20, 875,502
21, 506,139
21,249,540
22, 639,202
24,467,413
$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
2,597,276
2,773,003
3,016,636
3, 515,477
4,137,166
$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
138, 664, 879
149,083,193
151,721, 618
159,672,026
171, 527,155
$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
2,452,897
2,559,089
2,779,614
2,955,397
3,137,476
banksi
* Includes reserve balances and cash items in process of collection.
2 Includes reserve accounts.
a Not called for separately. Included with "Balances with other banks."
Surplus
notes
and
undivided
profits 2
Total
deposits
$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
8,941,276
9,536,145
9, 835,206
10,495,595
11,230, 709
$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
124,741,781
134,245,384
135,859,103
141,973,697
152,480,093
and
debentures
$204,845
173,746
162,856
141,748
123,134
108,194
99,202
90,142
82,320
72,080
67,794
62,027
48,431
48, 437
47,107
39, 456
46,474
43,335
45,758
51,164
50,298
49,030
57, 689
56,214
53,369
52,257
Bills payable a n d
rediscounts,
etc.
$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
59,666
53,509
308,490
73,781
269,307
Other
liabilities
$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
2, 420,229
2,631,377
2, 882,991
4,120,187
4,357,313
Backfigures.—Seereference in heading of table 48, p. 192, in 1953 annual report, to
reports containingfiguressince 1834. (Comparablefiguresfor 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.
3
c
a
REPORT OF THE
COMPTROLLER OF THE
CURRENCY
285
TABLE N O . 53.—National banks? placed in charge of receiver during year ended
placed
Dec. 31, 1961
Organization
Name and location of banks
2971
2972
Sheldon National Bank, Sheldon,
Iowa.
First National Bank, Maud, Okla.
Charter
No.
Failure
Date
Capital
stock at
date of
Deposits
at date of
Date
receiver
appointed
7880
Aug. 23,1905
$60,000
$1,491,000
Jan. 17,1961
8294
July
25,000
1,375,000
Dec. 19,1961
6,1906
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.
to
TABLE N O . 54.—Bank suspensions since inauguration of Federal deposit insurance, years ended Dec. SI, 1984 to 1961
Capital stock (in thousands of dollars)1
Number
Year ended
Dec. 31—
Member banks
Total
---
Nonmember banks
Member banks
All
banks
1934_.
1935
1936
1937
1938
1939
1940
1941 _ __
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
Member banks
Nonmember banks
All
Deposits (in thousands of dollars)
National
57
34
44
58
56
42
22
8
9
4
1
1
4
1
3
1
4
1
4
Insured
State
2
1
3
2
Noninsured
8
22
40
47
47
25
18
3
6
2
1
48
8
3
6
7
10
3
1
3
1
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
2
1
1
1
1
2
386
28
671
25
3,600
650
Insured
Noninsured
416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32
3,381
480
195
75
365
285
53
18
55
1
3
1
1
32
1
2
3
1
2
1
54
9
235
114
24, 741
1
1
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
120
52
750
45
140
550
303
210
100
347
337
1
2
2
1
2
1
36,939
10,101
11,323
16,169
13, 837
34,980
5,944
3,723
1,702
6,300
405
167
50
75
100
200
50
147
162
4,581
11,271
5,644
251,271
200
75
280
250
25
35
75
3,245
37
550
25
65
250
120
15
20
20
18
110
W
o
o
W
O
F
F
2,443
42
3,113
135
390
1 950
2,443
42
3,113
1.414
44, 802
2 880
6,498
11,823
12, 869
6,287
2,048
7,987
7,475
125
125
Includes capital notes and debentures, if any, outstanding at date of suspension.
Included 2 private banks without capital.
3 Includes 1 private bank for which capital and depositfiguresare not available.
* Includes 3 private banks for which capitalfiguresare not available.
5
Includes 1 private bank for which capitalfigureis not available.
State
1
4
1
3
3
4
3
4
3
3
8
3
2
9
1
2
All
banks
19,478
1,279
24,934
930
1,892
4,703
4,606
6,520
10,451
1,368
1,163
2,866
1,650
2,787
2,048
6,953
1,351
45, 417
48, 839
100,090
600
1,255
2,132
1,034
1,608
W
o
d
56,925
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 offinancialdifficulties. In the case of national bank suspensions these represent actual failures for which receivers were appointed.
o
4
INDEX
Page
Affiliates of national banks, number reporting as of December 30, 1961
32-33
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1960 and 1961...
30-31
December 30, 1961, by classes of banks in each State
226-276
December 30, 1961, summary by classes of banks
224-225
December 31, 1936-61
282
Distribution of, December 30, 1961
1
Per capita demand and time deposits of individuals, partnerships, and
corporations in, December 30, 1961, by States
277-278
Suspensions. (See Suspensions of banks.)
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1960 and 1961
30-31
December 30, 1961, by States
226-235
December 30, 1961, summary by classes of banks
224-225
December 31, 1936-61
.
282
National banks:
Call dates in 1961, summary and by States
24-25, 125-178
December 30, 1961, by States
236-245
December 31, 1936-61
283
Principal items of, according to size of banks (deposits), December 31, 1960 and 1961
120
State banks (see also District of Columbia):
All banks combined:
December 30, 1961, summary and by States
224-225, 246-255
December 31, 1936-61
284
Mutual savings: December 30, 1961, summary and by States— 224225, 266-271
Private: December 30, 1961, summary and by States. 224-225, 272-276
State commercial: December 30, 1961, summary and by States. 224225, 256-265
Automation in national banks
22-23
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 30, 1961
1
Insured and uninsured, December 30, 1961
1
Member banks of Federal Reserve System, December 30, 1961 _.
1
Number of:
December 30, 1961, by States
226-227
December 31, 1936-61
282
Suspensions. (See Suspensions of banks.)
287
288
INDEX
Banks—Continued
Pago
Insured commercial banks: Number of, December 30,1961, by classes.
1
National banks:
Branches. (See Branches.)
"Calls" for reports of condition of, dates, 1914-61
122
Examination of. (See Examinations conducted.)
Failures. (See Suspensions of banks.)
Number of:
Call dates in 1961
24
Call dates in 1961, by States
125-178
December 30, 1961, by States
236-237
December 31, 1936-61
283
Nonmember banks of Federal Reserve System, December
30, 1961
1
With surplus fund equal to or exceeding common capital
stock 1942-61
121
With surplus fund less than common capital stock 1942-61 _ _ 121
Number of banking units in relation to population at the end of
1961
*.
12-13
Number of banks which have been absorbed since 1950
15
Number of national and State commercial banking units in operation
in United States and possessions at end of 1961
12-13
State and private banks:
Number of:
December 30, 1961, by States
246-247, 256-257, 266, 272
December 31, 1936-61
284
Supervisors of, name and title of in each State, December 30,
1961
279-281
Suspensions. (See Suspensions of banks.)
Uninsured, December 30, 1961
1
Bank suspensions. (See Suspensions of banks.)
Borrowings. (See Assets and liabilities of banks.)
Branches:
National banks:
Domestic:
Number and class of, closed in year 1961
119
Number authorized and closed in year 1961, by States
11,
112-118, 119
Number of branches operated in United States and possessions as of December 30, 1961
11
Foreign:
Location and summary of assets and liabilities as of December
30, 1961
210, 211
Number in operation, December 30, 1961
211
Limited banking facilities authorized by several States
12-13
Statements relative to
10-13
"Calls" for reports of condition of national banks, dates, 1914-61
122
Capital accounts. (See Assets and liabilities of banks; Income, expenses,
and dividends of national banks; Ratios.)
Capital stock of banks:
All banks:
December 30, 1961, by States
228-229, 232-233
December 31, 1936-61
282
INDEX
289
Capital stock of banks—Continued
National banks:
Page
By size of banks (deposits), December 31, 1960 and 1961
120
Call dates in 1961, by States
125-178
Chartered in each State, in year 1961
101-103
December 30, 1961, by States
238-239, 242-243
December 31, 1936-61
283
Incident to consolidations with State and national banks, in
year 1961
104, 106-108
Increase during 1961 and since 1952
7, 28-29
Liquidated banks, in year 1961
28-29, 104
Preferred stock:
Retirable value of, on call dates in 1961
25
Total outstanding, December 30, 1961
28-29
State and private banks:
December 30, 1961, by classes of banks and by States
225,
252-253, 262-263, 273
December 31, 1936-61
284
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.)
Closed banks. (See Consolidations and mergers of banks; Liquidation of
national banks; Suspensions of 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
99
Deputy Comptrollers, names of, since organization of the Bureau and
periods of service
99
Examinations conducted
20
Expenses of, in year 1961
21-22
Issue and redemption of notes
33
Organization and staff
20-21
Personnel
20-21
Condition of banks. (See Assets and liabilities of banks.)
Consolidations and mergers of banks:
Number and total resources, National and State-wise, 1950-61
15
Description of each consolidation, merger, and purchase and sale
transaction, approved by the Comptroller of the Currency during
the year 1961
34-94
Under act November 7, 1918, as amended:
Consolidations under sections 1, 2, and 3:
List of, in year 1961
106-108
Number of in each State
^
100-101
Mergers under sections 4 and 5:
List of, in year 1961
109-111
Number of in each State
100-101
Statements relative to
14-15, 28-29
Under Public Law 706, August 17, 1950:
List of, in year 1961
104
Number of in each S t a t e
100-101
Statements relative to
14-15, 28-29
290
INDEX
Conversions of banks:
Page
Number and total resources, National and State-wise, 1950-61
15
Under Public Law 706, August 17, 1950:
List of, in year 1961
105
Number of in each State
100-101
Statements relative to
14-15, 28-29
Demand deposits. (See Deposits.)
Deposits (see also Assets and liabilities of banks):
All active banks, December 31, 1936-61
282
Demand and time in all active banks, by classes in each State, December 30, 1961
232-235, 242-245, 262-265, 270-271, 275-276
Interest rate paid on time and savings, by national banks, years
1957-61
3
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 30, 1961, by States
277-278
Postal savings:
In all banks, December 30, 1961, by States
234-235
In each class of banks, December 30, 1961, by States. 244-245, 264-265
In national banks, call dates in 1961, by States
125-178
Savings:
In all banks, December 30, 1961, by States
234-235
In each class of banks, December 30, 1961, by States. - 244-245, 264-265
In national banks, call dates in 1961, by States
125-178
Size of national banks, according to, December 31, 1960 and 1961
120
Suspended banks. (See Suspensions of banks.)
United States Government:
In all banks, December 30, 1961, by States
232-233
In each class of banks, December 30, 1961, by States
242-243,
264-265, 270, 275
In national banks, call dates in 1961, by States
125-178
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1961
135, 214, 215
December 30, 1961
212-213
Income, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years 1942-61
219-220,221-222
Year 1961, by classes of banks
216-217
Occupancy expense of bank premises, by classes of banks, year
1961.
217
Ratios:
Years 1942-61
219-220, 221-222
Year 1961, by classes of banks
217
Year 1961, by classes of banks
216-217
Fiduciary activities of banks in, December 30, 1961
223
Reports required from banking associations in, year 1961
32
Dividends. (See Income, expenses, and dividends of national banks.)
Earnings, expenses, and dividends of national banks. (See Income, expenses, and dividends of national banks.)
Employees. (See Comptroller of the Currency, Office of; Officers and
employees of national banks.)
Examinations conducted: Number in year 1961
20
Examiners and assistant examiners: Changes in number, in year 1961
21
INDEX
291
Expenses. (See Comptroller of the Currency, Office of; Income, expenses,
and dividends of national banks.)
Failures of banks. (See Suspensions of banks.)
Federal Deposit Insurance Corporation (see also Suspensions of banks): Pas*
Classification of insured and uninsured banks, December 30, 1961
1
Federal Reserve notes: Issue and redemption of, in year 1961
33
Fiduciary activities of national banks:
By Federal Reserve districts, December 30, 1961
181
Classification if investments under administration segregated according to capital of banks, December 30, 1961
182
Comparative figures of activities, 1951-61
185
December 30, 1961, by States
182-185
December 30, 1961, segregated according to capital groups
179-180
National banks administering employee benefit trusts and agencies
during 1961, by Federal Reserve districts and by States
186-187
Statement relative to
16-17
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 30, 1961
210,211
Government bonds. (See Investments; United States Government securities.)
Holding company affiliates of national banks: Number of, December 30,
1961-_
32-33
Income, expenses, and dividends of national banks:
According to size of banks (deposits), year 1961
_.
202-205
By Federal Reserve districts, year 1961___
-.m 198-201
By States, year 1961
188-197
Losses charged off on loans and securities:
Years 1942-61
.__._-—. 209
Year 1961, according to size of banks (deposits)
-—_-..-- 203, 205
Occupancy expense of bank premises, by States, year 1961___^- + 196-197
Ratios:
Dividends to capital stock and capital funds, years 1930-61
208
Net profits before dividends to capital stock and capital funds,
years 1930-61
-----.^
208
Net operating earnings and net income before dividends per $100
of deposits, year 1961
205
Net operating earnings, net income before dividends, and cash
dividends per $100 of capital funds, year 1961
205
Salaries and wages of officers and employees:
By size of banks (deposits), year 1961
202
Year 1961
._
.._
206
Summary, year 1961
.
206-207
Trend in, since 1957
--- — - . —
9
Insolvent banks. (See Suspensions of banks.)
Insured banks. (See Suspensions of banks; Federal Deposit Insurance
Corporation.)
Interbank deposits. (See Assets and liabilities of banks.)
Interest. (See Income, expenses, and dividends of national banks.)
Investments of banks:
All banks:
December 30, 1961, by States
226-227
December 30, 1961, by classes of banks
224
December 31, 1936-61
282
292
INDEX
Investments of banks—Continued
National banks:
By size of banks (deposits), December 31, 1960 and 1961
Call dates in 1961, summary and by States
December 30, 1961, by States
.
December 31, 1936-61
Losses charged off on:
According to size of banks (deposits), year 1961
Year 1961, by States and Federal Reserve districts
120
24, 125-178
236-237
283
203, 205
192193, 199-200
Years 1942-61
209
Summary classification by maturities in 1961
6
State and private banks: December 30, 1961, by classes of banks and
by States
224, 246-247, 256-257, 266, 272
Liabilities. (See Assets and liabilities of banks.)
Liquidation of national banks (see also Suspensions of banks):
Capital, date, and title of banks, in year 1961, with names of succeeding banks in cases of succession
104
Number of banks, in each State, since beginning of system
100-101
Summary, in year 1961
28-29
Litigation involving Comptroller of Currency, pertaining to national
banks
17-19
Loans and discounts of banks:
All banks:
December 30, 1961, classification of, by States
230-231
December 30, 1961, classification of, by classes of banks
224
December 31, 1936-61
282
National banks:
By size of banks (deposits), December 31, 1960 and 1961
120
Call dates in 1961, summary and by States
24, 125-178
December 30, 1961, classification of, by States
240-241
December 31, 1936-61
283
Interest and discount earned on:
According to size of banks (deposits), year 1961
202
Year 1961, by States and Federal Reserve districts __ 188-189, 198
Year 1961
206
Losses charged off on:
According to size of banks (deposits), year 1961
203, 205
Year 1961, by States and Federal Reserve districts
192193, 199-200
Years 1942-61
209
Real estate loans of:
December 30, 1961, by States
240-241
Statement relative to
4
Reserve for bad debt losses on
9-10
State and private banks, December 30, 1961, classification of, by
States
250-251, 260-261, 268-269, 274
Losses. (See Income, expenses, and dividends of national banks.)
Mergers. (See Consolidations and mergers of banks.)
Municipal bonds. (See Investments of banks.)
Mutual savings banks:
Assets and liabilities of: December 30, 1961, by States
266-271
Insured, December 30, 1961
.
1, 279-281
INDEX
293
Mutual savings banks-—Continued
Page
Uninsured, December 30, 1961-.
.
1, 279-281
National bank circulation: Outstanding, December 30, 1961
30
National bank examiners. (Sec Examiners and assistant examiners.)
National banks:
Affiliates of, number, December 30, 1961
.
32-33
Assets and liabilities of:
Call dates in 1961, by States..
.
125-178
December 30, 1961, by States
236-245
Principal items of, according to size of banks (deposits), December
31, 1960 and 1961
__._.. ..
...,.__.
120
Principal items of, December 31, 1936-61
283
Automation in
. _ _ _ . 22-23
Bran c I I es. (See B ran eh es.)
By size of banks, on basis of deposits, December 31, 1960 and 1961__
120
''Calls" for reports of condition of, dates, 1914-61
122
Capita] slock. (See Capital stock of banks,)
Charters granted in year 1961
.__
101-103
Consolidations. {See Consolidations and mergers of banks.)
Conversions to State banks, in year 1961, list of
__..
„ .
105
Deposits, (See Deposits.)
Dividends. (Sec, Income, expenses, and dividends of national banks.)
Karnings and expenses. (See Income, expenses, and dividends of
national banks.)
Failures of. (Sec Suspensions of banks.)
Fiduciary activities. (See Fiduciary activities of national banks;
District, of Columbia.)
Holding company affiliates of, number, December 30, 1961
32
Insolvent, (See Suspensions of banks.)
Investments. (See Investment of banks.)
Liquidation of, in year 1961 „
...
.
_._.
28-29, 104
Loans and discounts. [Sec Loans and discounts of banks.)
Number of:
Call dates in year 1961, by States
125-178
Chartered and closed: Since February 25, 1863
100-101
December 31, 1936-61
..__..__
283
In existence December 30, 1961, by States..—--_
100-101
With surplus fund equal to or exceeding common capital stock
1942-6.1 - .
121
With surplus fund less than common capital stock 1942—61
121
Occupancy expense of bank premises:
By size of banks (deposits), year 1961.
204-205
Year 1961, by States and Federal Reserve districts
196-197,200
Year 1961. .. _
_.. 207
Officers and employees, number and salaries of:
By size of banks (deposits), year 1961__
202
Year 1961, by States and Federal Reserve districts-.
190-191, 198
Year 1961
__
206
Purchases by other national banks, 1961__ 14
Purchases by State banks, 1961 __
___
.„___ _
14
Reports required from in year 1961
..
32
State banks purchased by, in year 1961, list of
105
Status of
„
_...
1-10
294
INDEX
National banks—Continued
Trust functions. (See Fiduciary activities of national banks.)
United States Government securities owned by. (See United States
Government securities.)
Occupancy expense of bank premises of national banks. (See National
banks; Income, expenses, and dividends of national banks.)
Officers and employees of national banks:
Number and salaries of:
By size of banks (deposits), year 1961
202
Year 1961, by States and Federal Reserve districts
190-191, 198
Year 1961
206
Organization of national banks:
Charters granted, in year 1961, list of, by States
101-103
Charters granted which were conversions of State banks, in year 1961 _ 14, 103
Charters granted which were conversions of State banks, 1950-61
15
Number of, by States, from February 25, 1863, to December 31,
1961
100-101
Summary, in year 1961
13-14, 28-29
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks: December 30, 1961, by States
277-278
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1961, by States
226-227
Assets and liabilities of banks in:
All banks, December 30, 1961
226-235
Banks other than national, December 30, 1961
246-255
National banks, call dates in 1961
174
National banks, December 30, 1961
236-245
Income, expenses, and dividends of national banks in, year 1961___ 188-197
Per capita demand and time deposits of individuals, partnerships, and
corporations, of all banks in, December 30, 1961
278
Postal savings. (See Deposits.)
Private banks:
Assets and liabilities of: December 30, 1961, by States
272-276
Suspensions. (See Suspensions of banks.)
Profits. (See Assets and liabilities of banks; Income, expenses, and dividends of national 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.)
Reports from national banks in year 1961
32
Reserves for bad debt losses on loans: Maintained by national banks
December 30, 1961
__,
.-_-_
9-10
Reserve with Federal Reserve banks. (See Assets and liabilities of banks.)
Salaries and wages of officers and employees of national banks. (See Income, expenses, and dividends of national banks.)
Savings banks. (See Mutual savings banks.)
Savings deposits. (See Deposits.)
Securities. (See Investments of banks; United States Government securities.)
State bank suspensions. (See Suspensions of banks.)
State banking officials: Name and title of, in each State, December 31,
1961
279-281
INDEX
295
Page
State banks purchased by national banks, list of, during year 1961
105
State commercial banks:
Assets and liabilities of, December 30, 1961, by States
256-265
Insured, December 30, 1961
1,279-281
Member banks of Federal Reserve System, December 30, 1961__ 1, 279-281
Nonmember banks of the Federal Reserve System, December 30,
1961
1,279-281
Suspensions. (See Suspensions of banks.)
Uninsured, December 30, 1961
1,279-281
Stock savings banks, (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December 31,
1961
279-281
Suspensions of banks:
All banks:
Number, capital, and deposits of suspended banks: Since inauguration of Federal deposit insurance, years 1934-61
286
National banks:
Banks in charge of receiver in year 1961
19-20, 285
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-61
286
Number of, by States, since beginning of system
100-101
State banks:
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-61
286
Taxes. (See Income, 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
26
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:
A banks:
H
December 30, 1961, by States
226-227
December 30, 1961, by classes of banks
224
December 31, 1936-61
282
National banks:
By size of banks (deposits), December 31, 1960 and 1961
120
Call dates in 1961, by States
125-178
December 30, 1961, by States
236-237
December 31, 1936-61
283
State and private banks:
December 30, 1961, by States
246-247, 256-257, 266, 272
December 31, 1936-61
284
Voluntary liquidation of national banks. (See Liquidation of national
banks.)
@FedFRASER