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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.)