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ANNUAL REPORT
OF THE
FEDERAL DEPOSIT INSURANCE CORPORATION




FOR THE YEAR ENDED
DECEMBER 31, 1955




L E T T E R OF T R A N S M IT T A L

F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n

Washington, D. C., June 29, 1956
SIRS: Pursuant to the provisions of Section 17(a) of the Federal
Deposit Insurance Act, the Federal Deposit Insurance Corporation
has the honor to submit its annual report. Part One of the report,
separately submitted earlier in the year, is included in this volume.
Respectfully,

H. E.

T he

P r e s id e n t o f t h e

T he

Speaker

of




the

Se n ate

H o use

of

R e p r e s e n t a t iv e s

C ook,

Chairman

FEDERAL DEPOSIT IN S U R A N C E




CORPORATION

FEDERAL DEPOSIT INSURANCE CORPORATION
N at io n al P ress B uildin g — W ash in gton 25, D . C.

BOARD OF DIRECTORS
Chairman.................................................................... ........................ EL E. C o o k
Comptroller of the Currency........................................................... R a y M . G id n e y
Director..................................................................................................M a p le T . H a r l

OFFICIALS—June 29, 1956
Assistant to Chairman (Acting).................................................... Neil G. Greensides
Secretary.............................................................................................. Miss E. F. Downey
General Counsel, Legal Division................................................... Royal L. Coburn
Chief, Division of Examination.................................................... Vance L. Sailor
Chief, Division of Liquidation. .................................................... Edward C. Tefft
Chief, Division of Research and Statistics................................. Edison H. Cramer
Chief, Audit Division.......................................................................Mark A. Heck
Controller......................................................................... ................... William G. Loeffler
Director of Publications and Information.................................. Forbes Campbell




D IS T R IC T O F F IC E S
D

is t .

No.

S u p e r v is i n g
E x a m in e r

A ddress

States

in

D

is t r ic t

1. Lundie W. Barlow

Room 1365, No. 10 P.O.
Square, Boston 9, Mass.

2. Neil G. Greensides

Room 1900, 14 Wall Street, New York, New Jersey,
New York 5, N. Y.
Delaware, Puerto Rico,
Virgin Islands

3. Gilbert E. Mounts

City National Bank
Ohio, Pennsylvania
Building, 20 East Broad
Street, Columbus 15, Ohio

4. Robert N. McLeod

200 The Bank of Virginia
Building, Fourth and
Grace Streets,
Richmond 19, Va.

5. John E. Freeman

Fifth floor, 114 Marietta
Georgia, Florida, Alabama,
Mississippi
St., N. W., Atlanta 3, Ga.

6. Charles M. Dunn

1059 Arcade Building,
St. Louis 1, Mo.

Kentucky, Tennessee,
Missouri, Arkansas

7. Raby L. Hopkins

715 Tenney Building,
Madison 3, Wis.

Indiana, Michigan,
Wisconsin

8. Eugene R. Gover

164 W. Jackson Blvd.,
Chicago 4, 111.

Illinois, Iowa

9. Charles F. Alden

1200 Minnesota Building,
St. Paul 1, Minn.

Minnesota, North Dakota,
South Dakota, Montana

10. George M. Hirning

1201 Federal Reserve Bank
Building, Kansas City 6,
Mo.

Nebraska, Kansas,
Oklahoma, Colorado,
Wyoming

11. Lloyd Thomas

Federal Reserve Bank
Building, Station K,
Dallas 13, Texas

Louisiana, Texas,
New Mexico, Arizona

12. David A. Linder

Suite 1120, 315 Mont­
gomery Street, San
Francisco 4, Calif.

Idaho, Utah, Nevada,
Washington, Oregon, Cali­
fornia, Alaska, Hawaii




Maine, New Hampshire,
Vermont, Massachusetts,
Rhode Island, Connecticut

District of Columbia, Mary­
land, Virginia, West Vir­
ginia, North Carolina,
South Carolina

FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICTS

DISTRICT 2 Includes PUERTO RICO a VIRGIN ISLANDS
DISTRICT 4 Includes DISTRICT OF COLUMBIA
DISTRICT 12 Includes HAWAII a ALASKA







CONTENTS
Summary...................................................................................................................

Page
xix

PART ONE
OPERATIONS OF THE CORPORATION
Deposit insurance coverage.....................................................................................
Supervisory activities..............................................................................................
Action to protect depositors in failing banks........................................................
Finances of the Corporation...................................................................................
Legal developments..................................................................................................
Organization and personnel.....................................................................................

3
4
9
11
17
18

PART TWO
BANKING DEVELOPMENTS
Number of banks and their insurance status........................................................
Bank assets...............................................................................................................
Bank deposits...........................................................................................................
Bank capital.............................................................................................................
Income of insured banks.........................................................................................

25
27
31
33
35

PART THREE
DEPOSIT ACCOUNTS AND INSURANCE COVERAGE
Special calls for deposit information.......................................................................
Accounts and deposits, all insured banks, September 21, 1955...........................
Changes in accounts and deposits in insured banks, special call dates, 1934-1955
Detailed statistics....................................................................................................
Instructions for preparation of summary of deposits...........................................
Detailed tables..........................................................................................................

47
48
54
57
59
62

PART FOUR
LEGISLATION AND REGULATIONS
Federal legislation....................................................................................................
Rules and regulations of the Corporation..............................................................
State banking legislation.........................................................................................

99
99
101

PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE
Number, offices, and deposits of operating banks.................................................
Assets and liabilities of operating banks................................................................
Earnings, expenses, and dividends of insured banks............................................
Deposit insurance disbursements............................................................................




IX

106
120
132
160

LIST OF CHARTS
Organization chart of the Federal Deposit Insurance Corporation.....................

Page
iv

Federal Deposit Insurance Corporation districts (map).......................................

vi i

A.

Percentage of banks of deposit in each State which were insured, December
31, 1955..........................................................................................................

3

B.

The deposit insurance fund and insured deposits, September 21, 1 9 5 5 ....

17

C.

Capital ratios of all operating banks, 1926-1935 and 1946-1955..................

35

D.

Assets and income, insured commercial and mutual savings banks, 19471955................................................................................................................

36

E.

Loans and securities and income from them, insured banks, 1947-1955..

37

F.

Assets, capital, and net profits, insured commercial banks, 1947-1955....

43

G.

Proportion of accounts fully protected and deposits insured, all insured
banks, by size of bank, September 21, 1955..............................................

49

H.

Proportion of accounts fully protected and deposits insured, all insured
banks, by type of account, September 21, 1955.....................................

50

I.

Selected percentage distributions of insured deposits and insured banks,
September 21, 1955..................................................................................... .

52

J.

Accounts fully protected and deposits insured with maximum coverage
for each depositor of $10,000, $25,000, and $100,000, all insured banks,
September 21, 1955.......................................................................................

53

K.

Accounts in all insured banks, special call dates, 1936-1955........................

56

L.

Insured deposits, special call dates, 1934-1955..............................................

57

L I S T OF T A B L E S
PART ONE
OPERATIONS OF THE CORPORATION
S u p e r v is o r y

a c t iv it ie s :

1. Bank examination activities of the Federal Deposit Insurance Corpo­
ration in 1954 and 1955...............................................................................
2. Unsafe or unsound banking practices and violations of law charged against
seven banks by the Corporation during 1955............................................
3. Actions to terminate insured status of banks charged with unsafe or
unsound banking practices or violations of law or regulations, 1936-1955.
4. Applications acted upon by the Board of Directors of the Federal Deposit
Insurance Corporation during 1955............................................................
A c t io n

4
5
6
7

t o p r o t e c t d e p o s it o r s i n f a i l i n g b a n k s :

5. Analysis of disbursements and recoveries of the Federal Deposit Insurance
Corporation in transactions for protection of depositors and to facilitate
termination of liquidations, 1934-1955.......................................................
F in a n c e s

of th e

C o r p o r a t io n :

6. Income and expenses of the Federal Deposit Insurance Corporation
and changes in the deposit insurance fund for the year ended December
31, 1955.........................................................................................................
7. Administrative and operating expenses of the Federal Deposit Insurance
Corporation for the year ended December 31, 1955.................................




10

x

12
13

LIST OF TABLES

xi

Page
8. Determination and distribution of net assessment income of the Federal
Deposit Insurance Corporation for the year ended December 31, 1955..
9. Income and expenses of the Federal Deposit Insurance Corporation, by
years, from beginning of operations, September 11, 1933 to December
31, 1955, adjusted to December 31, 1955...................................................
10. Assets and liabilities of the Federal Deposit Insurance Corporation,
December 31, 1955.......................................................................................
11. Insured deposits and the deposit insurance fund, 1934-1955.......................
O r g a n i z a t io n

13
14
15
16

and personnel:

12. Number of officers and employees of the Federal Deposit Insurance
Corporation, December 31, 1955.................................................................
13. Results of the Corporation’s educational program for examiners, 1946-1955.
14. Audit report of the Federal Deposit Insurance Corporation for the year
ended June 30, 1955.....................................................................................

19
20
20

PART TWO
BANKING DEVELOPMENTS
N

umber

of

banks

and

t h e ir

in su r a n c e

status:

15. Number and changes in banking offices in the United States (continental
U. S. and other areas), 1946-1955...............................................................
16. Analysis of changes in the number of banking offices in the United States
(continental U. S. and other areas), 1947-1955.........................................
17. Number and deposits of all banks in the United States (continental U. S.
and other areas), December 31, 1955..........................................................
Bank

26
27

assets:

18. Percentage changes in assets, all banks in the United States (continental
U. S. and other areas), years and half-years, 1927-1935 and 1947-1955..
19. Distribution of assets of all banks in the United States (continental U. S.
and other areas), December 31, 1946 and 1955, and annual percentage
changes, 1947-1955.......................................................................................
20. Distribution of loans of all banks in the United States (continental U. S.
and other areas), December 31, 1946 and 1955, and annual percentage
changes, 1947-1955.......................................................................................
21. Distribution of “ other loans to individuals” of insured commercial banks
in the United States (continental U. S. and other areas), December 31,
1946 and 1955, and annual percentage changes, 1947-1955.................
22. Distribution of assets of all banks in the United States (continental U. S.
and other areas), by type and insurance status of banks, December 31,
1955................................................................................................................
Bank

25

28
29
29
30
31

d e p o s it s :

23. Percentage changes in deposits of all banks in the United States (continental
U. S. and other areas), years and half-years, 1927-1935 and 1947-1955..
24. Distribution of deposits of all banks in the United States (continental U. S.
and other areas), December 31, 1946 and 1955, and annual percentage
changes, 1947-1955.......................................................................................
25. Deposits of all banks in the United States (continental U. S. and other
areas), by type and insurance status of banks, December 31, 1955, and
percentage changes during 1955 and from 1946 to 1955...........................
26. Total capital accounts of all banks in the United States (continental U. S.
and other areas), by type and insurance status of banks, December 31,
1946 and 1955, average annual percentage change, 1947-1955, and ratios
to assets and deposits, 1946, 1954, and 1955.............................................



32
32
34

34

XII

FEDERAL DEPOSIT INSURANCE CORPORATION

Page
I ncome

of

banks:

in s u r e d

27. Sources and disposition of total income, insured banks in the United States
(continental U. S. and other areas), 1947, 1954, and 1955.....................
28. Average rates of income, insured banks, 1947-1955......................................
29. Expense ratios and interest paid on deposits, insured banks, 1947-1955..
30. Gains and allowance for losses on assets disposed of or revalued, insured
commercial banks, 1948, 1954, and 1955....................................................
31. Reserves for losses on loans and on securities, insured commercial banks in
the United States (continental U. S. and other areas), 1948-1955..........
32. Disposition of net profits, insured commercial banks in the United States
(continental U. S. and other areas), 1947-1955.........................................

36
38
40
41
42
43

PART THREE
DEPOSIT ACCOUNTS AND INSURANCE COVERAGE
S p e c ia l

calls

for

d e p o s it

in f o r m a t io n :

33. Accounts and deposits, all insured banks, September 21, 1955..........
C hanges

in

accounts

and

d e p o s it s

in

in s u r e d

banks:

34. Accounts and deposits in all insured banks, special call dates, 1934-1955..
D

e t a il e d

tables:

D

i s t r i b u t io n

of

accounts

48

and

d e p o s it s , a l l

55

in s u r e d

bank s:

35. Accounts fully and partially protected and deposits insured, September
21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................
36. Accounts fully and partially protected and deposits insured, all insured
banks, September 21, 1955
Banks grouped by amount of deposit, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type....................................................................................................
D

e t a il e d

tables:

d i s t r i b u t io n

of

accounts

of

in s u r e d

62

64

c o m m e r c ia l

BANKS ACCORDING TO SIZE OF ACCOUNT*.

37. Distribution of accounts according to size, insured commercial banks,
September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................

66

38. Distribution of accounts according to size, insured commercial banks,
September 21, 1955
Banks grouped by amount of deposits, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type....................................................................................................

68

39. Distribution of demand accounts of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................

70

40. Distribution of savings and time accounts of individuals, partnerships,
and corporations, according to size of account, insured commercial
banks, September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................

72




LIST OF TABLES

41. Distribution of demand accounts of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 21, 1955
Banks grouped by amount of deposits.......................................................
42. Distribution of savings and time accounts of individuals, partnerships, and
corporations, according to size of account, insured commercial banks,
September 21, 1955
Banks grouped by amount of deposits.......................................................
D

e t a i l e d t a b l e s : d i s t r i b u t io n

o f d e p o s it s i n i n s u r e d c o m m e r c ia l b a n k s

ACCORDING TO SIZE OF ACCOUNT:

43. Distribution of deposits according to size of account, insured commercial
banks, September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................
44. Distribution of deposits according to size of account, insured commercial
banks, September 21, 1955
Banks grouped by amount of deposits, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type....................................................................................................
45. Distribution of demand deposits of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................
46. Distribution of savings and time deposits of individuals, partnerships, and
corporations, according to size of account, insured commercial banks,
September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................
47. Distribution of demand deposits of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 21, 1955
Banks grouped by amount of deposits.......................................................
48. Distribution of savings and time deposits of individuals, partnerships,
and corporations, according to size of account, insured commercial
banks, September 21, 1955
Banks grouped by amount of deposits......................................................
D

e t a il e d

tables:

d i s t r i b u t io n

of

accounts

and

d e p o s it s

by

siz e

of

ACCOUNT, INSURED MUTUAL SAVINGS B AN KS:

49. Distribution of accounts according to size, insured mutual savings banks,
September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits1 population of center, and percent of deposits
insured; and accounts by type................................................................
50. Distribution of deposits according to size of account, insured mutual
savings banks, September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits, population of center, and percent of deposits
insured; and accounts grouped by type..................................................
D

e t a i l e d t a b l e s : a c c o u n t s f u l l y p r o t e c t e d a n d d e p o s it s i n s u r e d w i t h

SPECIFIED AMOUNTS OF COVERAGE:

51. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured commercial banks, September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................



x iv

FEDERAL DEPOSIT INSURANCE CORPORATION

Page
52. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured commercial banks, September 21, 1955
Banks grouped by amount of deposits, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type.....................................................................................................
53. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured mutual savings banks, September 21, 1955
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposit, population of center in which located, and
percent of deposits insured; and accounts grouped by type.................
54. Distribution of insured banks grouped by percentage of deposits insured
under specified amounts of maximum coverage, September 21, 1955..

92

94
96

PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE
N

umber,

o f f ic e s , a n d

d e p o s it s

of

o p e r a t in g

banks:

Explanatory note......................................................................................................
101. Changes in number and classification of operating banks and branches
in the United States (continental U. S. and other areas) during 1955..
102. Number of operating banks and branches in the United States (continental
U. S. and other areas), December 31, 1955
Grouped according to insurance status and class of bank, and by State
and type of office...................................................................................
103. Number and deposits of operating banks in the United States (continental
U. S. and other areas), December 31, 1955
Banks grouped according to insurance status and by district and State..
A ssets

and

l ia b il it ie s

of

o p e r a t in g

107. Assets and liabilities of operating insured banks in the United States
(continental U. S. and other areas), December 31, 1955, June 30, 1955,
and December 31, 1954..............................................................................
expenses, and

d iv id e n d s

108

110

118

banks:

Explanatory note......................................................................................................
104. Assets and liabilities of operating banks in the United States (continental
U. S. and other areas), June 30, 1955
Banks grouped according to insurance status and type of bank..............
105. Assets and liabilities of operating banks in the United States (continental
U. S. and other areas), December 31, 1955
Banks grouped according to insurance status and type of bank.........
106. Assets and liabilities of operating banks in the United States (continental
U. S. and other areas), December 31, 1955
Banks grouped by district and State........................................................

E a r n in g s ,

106

of

in s u r e d

120

122

124

126

128

bank s:

Explanatory note......................................................................................................

132

108. Earnings, expenses, and dividends of insured commercial banks in the
United States (continental U. S. and other areas), 1947-1955...............

134

109. Ratios of earnings, expenses, and dividends of insured commercial banks
in the United States (continental U. S. and other areas), 1947-1955..
110. Earnings, expenses, and dividends of insured commercial banks in the
United States (continental U. S. and other areas), 1955
By class of bank.......................................................................................
111. Ratios of earnings, expenses, and dividends of insured commercial banks
in the United States (continental U. S. and other areas), 1955
By class of bank.......................................................................................



136

138

140

LIST OF TABLES

XV

Page
112. Earnings, expenses, and dividends of insured commercial banks operating
throughout 1955 in the United States (continental U. S. and other
areas)
Banks grouped according to amount of deposits.....................................
11 3 . Ratios of earnings, expenses, and dividends of insured commercial banks
operating throughout 1955 in the United States (continental U. S.
and other areas)
Banks grouped according to amount of deposits......................................
114. Earnings, expenses, and dividends of insured commercial banks in the
United States (continental U. S. and other areas), by State, 1 9 5 5 ....
115. Income, expenses, and dividends of insured mutual savings banks,
1951-1955.....................................................................................................
116. Ratios of income, expenses, and dividends of insured mutual savings
banks, 1951-1955.........................................................................................
D

e p o s it

in s u r a n c e

14 4

146
156
158

d isb u r s e m e n t s:

Explanatory note......................................................................................................
117. Disbursements, deposits, and depositors in insured banks placed in re­
ceivership and in insured banks of which deposits were assumed by
another insured bank with the financial aid of the Federal Deposit
Insurance Corporation, 1934-1955
Banks grouped by class of bank, year of receivership or deposit assump­
tion, amount of deposits, and State......................................................
118. Assets and liabilities, at date of closing, of insured banks placed in re­
ceivership and of insured banks of which deposits were assumed by
another insured bank with the financial aid of the Federal Deposit
Insurance Corporation, 1934-1955............................................................
119. Name, location, Federal Deposit Insurance Corporation disbursement,
and assets and liabilities, insured banks placed in receivership or of
which deposits were assumed by another insured bank with the financial
aid of the Corporation, 1955.....................................................................
120. Recoveries and losses by the Federal Deposit Insurance Corporation on
potentially recoverable disbursements for protection of depositors in
insured banks placed in receivership and in insured banks of which
deposits were assumed by another insured bank with the financial aid
of the Corporation, 1934-1955...................................................................




142

160

162

164

165

166







SUMMARY




Su m m a r y

At the end of 1955 nearly 95 percent of the banks of deposit in the
United States were insured by the Federal Deposit Insurance Corporation.
The accounts in these banks numbered approximately 130 million, and
about 98 percent of these were within the insurance limit of $10,000.
The amount of deposits insured was estimated at $116 billion, or about
55 percent of total deposits in the insured banks. (P. 3).
During 1955 the Corporation brought charges against seven banks for
continuing to engage in unsafe or unsound practices or violations of law.
During the year disbursements by the Corporation to protect depositors
were made in five banks, bringing to 429 the total number of banks in
which such disbursements have been made since the beginning of the
Corporation’s operations in 1934. (Pp. 5 and 9).
The deposit insurance fund, or assets of the Corporation in excess of
its liabilities, amounted at the end of the year to $1,640 million. This
was equal to 0.77 percent of the total deposits of insured banks, or 1.41
percent of insured deposits. (P. 16).
Assets of all operating banks increased during 1955 by 4.5 percent and
deposits by 4.4 percent. These percentage increases were slightly smaller
than in the previous year, but were a little larger than the average annual
increases since 1946. As in other years, there was a large variation in
the change in holdings of different types of assets, some types increasing
much more rapidly than total assets, and other types less rapidly or
declining. (Pp. 27-31).
The total income of insured commercial banks was about 3 percent
larger, and that of mutual savings banks about 5 percent larger, than
in the previous year. As in other years, income from loans and securities
constituted about four-fifths of the current income of insured com­
mercial banks, and their current operating expenses were about twothirds of current operating earnings. Net profits of the insured commercial
banks, after income taxes, were nearly 8 percent of the banks’ total
capital accounts. About half of the net profits were used for dividends
to stockholders. (Pp. 35, 37, 43).
Reports from insured banks for September 21, 1955, show that all size
groups of banks have about the same percentage of their accounts fully
protected by insurance, but the small banks have a substantially larger
percentage of their deposits insured than do the large banks. There is
considerable range in the percentages of deposits in various types of
accounts that are insured, with a coverage of more than 90 percent for
savings and time deposits, but less than half for all other types of ac­
counts. (Pp. 49, 64-65).




xix




PART ONE
OPERATIONS OF THE CORPORATION







D e p o s it I n s u r a n c e

C overage

Participation of banks in Federal deposit insurance. At the end
of 1955, 13,457 banks, or nearly 95 percent of the banks of deposit in
the United States, were insured by the Federal Deposit Insurance
Corporation. This percentage was slightly higher than at the end of 1954.
In 36 States and the District of Columbia 95 percent or more of the
banks of deposit were insured; and in 12 of these States and the District
of Columbia all such banks were insured. The percentages of banks of
deposit in each State insured by the Corporation are shown in Chart A.
Chart A.
W

P e r c e n t a g e o f B a n k s o f D e p o s it i n E a c h S t a t e
h ic h W e r e I n s u r e d , D e c e m b e r 31, 1955

Accounts and deposits of insured banks. Accounts in insured
banks numbered approximately 130 million at the end of 1955. About
98 percent of these accounts were within the insurance limit of $10,000.
Although Federal deposit insurance applies to individual depositors
rather than to accounts, it is believed that the percentage of depositors
fully protected was substantially the same.
Deposits in insured banks totaled $212 billion on December 31, 1955.
Despite the fact that 98 percent of the accounts were fully protected,
there were substantial uninsured balances in the relatively few large
accounts. As a result, insured deposits at the end of 1955 were estimated
at $116 billion, or about 55 percent of total deposits.




3

4

FEDERAL DEPOSIT INSURANCE CORPORATION

S u p e r v is o r y

A c t iv it ie s

Bank examinations. A vital part of the Corporation's activities in
protecting depositors is the examination of insured banks. During 1955
the Corporation's examiners made 6,896 examinations, most of them
of insured banks not members of the Federal Reserve System. Other
insured banks were examined by examiners representing the Comptroller
of the Currency or the Federal Reserve banks. The reports of these
examinations, with those of the Corporation's examiners, were reviewed
by the Washington staff of the Corporation.
It is the policy of the Corporation to make an annual examination
of each insured bank not a member of the Federal Reserve System.
More frequent examinations are made where special problems or un­
sound conditions exist; and occasionally the Corporation examines an
insured bank normally examined by another Federal supervisory agency.
Along with these examinations, the Corporation conducts investigations
of proposed new banks or branches; this phase of activity increased
appreciably in 1955. The extent and types of activity of the Division
of Examination in 1954 and 1955 are indicated in Table 1.
T a b le 1 . B a n k E x a m i n a t i o n A c t i v i t i e s o f t h e
F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n in 195 4 a n d 195 5
Number
Examination Activity

6,896

6,839

6,636
222
38

6,630
168
41

Investigations— to ta l..........................................................................................
New bank investigations...................................................................................
New branch investigations................................................................................

410
234
176

274
143
131

Review of reports of examination of insured banks— to ta l...............
National banks....................................................................................................
State banks members of Federal Reserve System.................................... .
State banks not members of Federal Reserve System............................

13,520
4,862
1,901
6,757

14,897
5,665
2,131
7,101

Bank examina tions— to ta l...............................................................................
Regular examinations of insured banks not members of Federal Reserve
System................................................................................................................
Special examinations..........................................................................................
Entrance examinations of operating noninsured banks.............................

Citations for unsafe and unsound banking practices and viola­
tions of law. When examination of a bank reveals unsafe or unsound
banking practices or a violation of law or regulations, the examiner
confers with the officials of the bank and its board of directors. The
necessary corrections are usually forthcoming. However, where such
practices or violations persist, the Corporation has a legal duty imposed
upon it by Section 8(a) of the Federal Deposit Insurance Act to institute
proceedings for the involuntary termination of the insured status of
such bank. Proceedings are initiated only after every effort has been
made through cooperation with the bank to obtain the observance of



SUPERVISORY ACTIVITIES

5

sound and lawful procedures; for the primary purpose of such proceedings
is to secure discontinuance of the unsound and unlawful practices.
The charges brought against seven banks cited in 1955 are sum­
marized in Table 2. The charges cannot be completely categorized; for
a practice specified in one case may in another case have been unspecified
although implicit in a broader charge.
Table 2.
Law

U n sa f e or U n so u n d B a n k in g
C h a r g e d a g a in s t Se v e n B a n k s b y

Type of practice or violation

P r a c t ic e s a n d V i o l a t i o n s o f
C o r p o r a t io n D u r i n g 1955

th e

Number
of banks
charged

Case identification letters

Capital:
Impaired capital or surplus.............................................
Inadequate capital structure...........................................
Loans and investm ents:
Carrying of adversely classified assets approximating
total book capital account...............................................
Concentration of bank’s funds in large lines of credit
to a single borrower..........................................................
Concentration of loans in a line of credit adversely
classified by examiners.....................................................
Continued carrying of large volume of overdue loans..
Excessive amount of criticized assets...............................
Excessive volume of loans in relation to total assets..
Granting of credit in form of an overdraft.....................
Improvident loans or loans involving undue credit
risks...................................................................................
Lax and hazardous credit and collection policies.. .
Loans to borrowers whose loans have previously been
adversely classified.......................................... . ..............
Loans to financially involved borrowers ........................
M anagem ent:
Dissipation of capital by unwarranted dividends..........
Failure to maintain proper bank records.........................
Failure of Board of Directors to establish compre­
hensive loan policies or to employ capable credit
executive in conformance with recommendations
of supervisory authorities............................................
Failure to comply with corrective recommendations
of supervisory authorities and their respective
examiners.............................................................................
Failure to maintain adequate credit files and support­
ing instruments on loans.................. ............ ...................
Irresponsible, self-serving or hazardous management. .
Operation of bank while shortages existed......................
Unwarranted annual salary and bonus payments to
former president and controlling stockholder.............
Unwarranted use of bank’s credit facilities by officers
and directors...................................................................

b
b

c
c

f
d
d

e

g

g

Violations of law:
Change of location of main office without consent of
the Corporation..................................................................
Extension of credit to directors, officers and employees
through medium of cash items held to prevent
overdrafts...................................................................... ..
Failure to maintain legally required reserves.......... ..
Illegal loans.........................................................................
Official deposit insurance signs not properly displayed
Operation of bank without a legally constituted board
of directors......................................................................
Violations of other specific State laws.........................

The disposition or status of all cases in which banks have been charged
with unsafe and unsound banking practices or violations of law or regula­
tions is shown in Table 3.



6

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le 3 .
w it h

A c t io n s t o T e r m i n a t e I n s u r e d S t a t u s o f B a n k s C h a r g e d
U n s a f e o r U n s o u n d B a n k i n g P r a c t ic e s o r V i o l a t i o n s
of L a w
o r R e g u l a t i o n s , 1 9 3 6 -1 9 5 5

Disposition or status

1936-19551

Pending
Jan. 1,
1955

Started
during
1955

Total banks against which action was ta k e n .........................

170

12

7

Gases closed...........................................................................................
Corrections made................................................................................
Banks absorbed or succeeded by other banks.............................
With financial aid of the Corporation..........................................
Without financial aid of the Corporation....................................
Banks suspended prior to setting date of termination of
insured status by Corporation................................................
Insured status terminated, or date for such termination
set by Corporation, for failure to make corrections.........
Banks suspended prior to or on date of termination of insured
status..............................................................................................
Banks continued in operationa......................................................

161
50
67
62
5

9
7

1
1

Gases not closed December 31, 1955............................................
Correction period not expired.........................................................
Action deferred pending analysis of examination.......................
Date set for termination of insured status..................................

32
12

2

9
3

2

9
5
2
2

3
1
1
1

6
4
1
1

1 No action to terminate the insured status of any bank was taken before 1936. In 5 cases where
initial action was replaced by action based upon additional charges, only the latter action is included.
2 One of these suspended 4 months after its insured status was terminated.

A bank which has been formally charged with unsafe and unsound
practices is afforded a period of time, as prescribed by law, in which to
discontinue such practices and make necessary corrections. At the end
of this correction period the bank is reexamined. If it is determined
that unsafe and unsound practices still persist, the Board of Directors
of the Corporation sets the time and place for a hearing, at which the
bank is afforded opportunity to show cause why its insured status should
not be terminated. At such hearings the bank may present any pertinent
evidence, which is then carefully considered by the Board in reaching
its decision. During 1955, five such hearings were held, in each of which
the charges against the bank were sustained.
As of January 1, 1955, there were pending 12 involuntary termination
proceedings; during the year seven additional proceedings were instituted.
Of these 19 cases, seven were dismissed during the year when the banks
involved made the required changes or corrections, and in one other
case corrections made after the hearing resulted in dismissal of the pro­
ceedings by the Board. In two cases in which it was necessary to order
hearings, the banks suspended on the effective date for termination of
their insured status when the State supervisory authority placed them
in receivership. In the other two cases in which hearings were ordered,
the Board had ordered termination of insured status effective March 1,
1956, but at the end of 1955 it appeared that the banks would make the
necessary corrections before the effective date for termination of their
insured status. There remained seven other cases pending at the end
of 1955.



SUPERVISORY ACTIVITIES

7

Admission to insured status. Banks that become members of
the Federal Reserve System are insured without application to the
Corporation. National banks located outside the 48 States and the District
of Columbia which are not members of the Federal Reserve System may
become insured upon application by the bank and certification by the
Comptroller of the Currency. Other banks of deposit may apply to the
Board of Directors of the Corporation for admission to insurance. In
the case of a new bank, the Board acts upon an application for admission
to insurance only after the bank has obtained a charter, or a commitment
for one, from the appropriate State banking authority.
During 1955 the Board acted upon 148 applications for admission
to insurance; 117 applications were from new banks and 31 from operating
banks. Except for 14 applications, all from new banks, all were approved
for admission to insurance.
Of the 103 new banks approved for admission to insurance, there were
12 each in Florida and Texas, 10 in Illinois, and 5 or more in Iowa,
Louisiana, Alabama, Georgia and Oregon. Twelve of the 31 operating
banks admitted to insurance were in Kansas.

T a b le 4 .

A p p l ic a t io n s A c t e d U p o n

F ederal D

e p o s it

b y th e

B oard

of

I n s u r a n c e C o r p o r a t io n D

Type of application

D

ir e c t o r s o f t h e

u r in g

Total
acted
upon

1955

Approved

Dis­
approved

A ll applications....................................................................................

615

576

39

Admission to insurance.........................................................................
New banks.............................................................................................
Operating banks...................................................................................

148
1171
SI

134
103
31

14
1U

Continuation of insurance of banks withdrawing from F R S. . . .

2

2

Change in type of business— total......................................................
To engage in trust business................................................................
To engage in commercial banking.....................................................

25
21
U

22
18
u

Assumption of deposit liabilities.........................................................
Of another insured bank.....................................................................
Of a noninsured bank.........................................................................
Of a financial institution not a bank................................................

33
22
8
3

33
22
8
3

Establishment of branches— total......................................................
New branch offices................................................................................
New facility..........................................................................................
Conversion of absorbed bank or financial institution.....................
Other branches.......................................................................................

187
1501
1
27
9

178
U1
1
27
9

9
9

Change of location of offices— total.................................... ..............
Main offices...........................................................................................
Branches................................................................................................

168
129
39

164
125
39

4
4

Retirement of capital— total................................................................
Held by R FC ........................................................................................
Held by others.......................................................................................

42
2
ho

40
2
38

2

Payment of dividend.............................................................................

3

3

Service of persons convicted of breach of trust..............................

7

1 Excludes actions which were changed or rescinded later in the year.




3
3

*

7

8

FEDERAL DEPOSIT INSURANCE CORPORATION

Other applications from banks. In addition to the applications
for admission to insurance, the Board of Directors acted upon 467 other
applications from banks in 1955. Most of these applications were made
pursuant to provisions of the Federal Deposit Insurance Act or rules
and regulations of the Corporation. A few were for modification of
agreements previously made by the bank with the Corporation. The
various types of applications acted upon by the Board of Directors in
1955 and the Board’s decisions regarding them are presented in Table 4.
Reports from banks. The reports which banks are required to submit
to the Corporation provide information useful both to the banks and to
the supervisory authorities.
All insured banks were required to submit statements of their assets
and liabilities as of June 30 and December 31, 1955, and statements of
their earnings, expenses, and dividends for the calendar year 1955.
National banks and all banks in the District of Columbia submitted
the reports to the Comptroller of the Currency; State banks belonging
to the Federal Reserve System sent their reports to the respective Federal
Reserve banks; all other insured banks made their reports to the Federal
Deposit Insurance Corporation. Each of the Federal agencies tabulates
and summarizes the data reported to it and makes the results available
to the other agencies.
Supplementing the reports from insured banks, the Corporation, by
inter-agency agreement, gathers and prepares statistics of assets and
liabilities of noninsured banks and trust companies, and provides the
only complete statistical series for assets and liabilities of all operating
banks. Reports relating to noninsured banks as of June 30 and December
31, 1955, were obtained through the assistance of State banking au­
thorities and of officials of unincorporated banks or other banking
institutions not under Federal or State supervision.
In addition to the regular calls, a special request for deposit information
from all insured banks was made by this Corporation on September 21,
1955. This was the first such request since September 19, 1951. Like
that one, its primary purpose was to assist in estimating the contingent
liability of the Corporation in insuring bank deposits.
The data on assets and liabilities, and on earnings and expenses of
banks, are discussed in Part Two of this report, and shown in the sta­
tistical tables of Part Five. Results and analysis of the special request
for deposit information as of September 21, 1955, are presented in Part
Three of this report. Tabulations of the reports of assets and liabilities
of all banks and of insured banks classified by State and class of bank
are published by the Corporation in separate reports.



ACTION TO PROTECT DEPOSITORS IN FAILING BANKS

A c t io n t o

P r o t e c t D e p o s it o r s in

F a il in g

9

B anks

Disbursements for protection of depositors in 1955. Notwith­
standing all the measures taken to assure sound banks, some banks
nevertheless experience financial difficulties sufficiently serious to require
disbursements by the Corporation to protect depositors.
During 1955 the Corporation made disbursements to protect depositors
of five insured banks, one each in California, Maine, and Texas, and two
in Idaho. In two of the banks there were serious financial irregularities;
two others were the victims of large defalcations; and one of the banks
discontinued operation because of a deteriorating asset situation resulting
from adverse local economic conditions. The five banks together had
about 18,000 depositors with deposits totaling $12.0 million.
Four of the banks were closed by the appropriate supervisory au­
thority, and the Corporation moved in promptly and began to pay de­
positors the amount of their insured deposits. In all four cases the Corpo­
ration was appointed receiver. In the case of the fifth bank, the deposit
liabilities were assumed by another insured bank, with the Corporation
purchasing those assets of the discontinuing bank which were not ac­
ceptable for transfer to the assuming bank. For these assets the Corpo­
ration paid cash equal to the difference between the bank’s deposit
liabilities and the acceptable assets. Disbursements in the five cases
totaled $6.8 million at the end of 1955.
The assets acquired by the Corporation, as receiver or purchaser, in
the five cases are being liquidated as opportunities arise to minimize
losses without undue disruption of credit conditions in the various
communities. It was expected at the end of 1955 that losses to the Corpo­
ration in the five cases, exclusive of costs incurred in paying claims,
would be slightly in excess of $600,000.
Disbursements for protection of depositors, 1934-1955. From
the beginning of deposit insurance to the end of 1955 the Corporation
disbursed funds to protect depositors of 429 banks. The four banks
placed in receivership in 1955 brought the number of receivership cases
to 249. In the remaining 180 cases, the Corporation made loans to or
purchased assets of the financially distressed banks, thereby facilitating
assumption of their deposits by other insured banks. In all the cases
combined there were over 1.4 million deposit accounts and $571.9 million
of deposits.
In fulfilling its responsibility to depositors in these cases, the Corpo­
ration had disbursed or provided for disbursements of $336.2 million
by the end of 1955; an additional $1.6 million was disbursed to facilitate
termination of liquidations. Except for certain administrative expenses



10

FEDERAL DEPOSIT INSURANCE CORPORATION

totaling $1.0 million, all disbursements by the Corporation are subject
to recovery from the proceeds of liquidation, insofar as this is possible.
The different types of disbursements and related data concerning re­
coveries and losses by the Corporation are presented in Table 5.
T a b le 5.
A n a l y s is o f D is b u r s e m e n t s a n d R e c o v e r ie s of t h e F e d e r a l
D e p o s it I n s u r a n c e C o r p o r a t io n i n T r a n s a c t i o n s f o r P r o t e c t io n o f
D e p o s it o r s a n d t o F a c il i t a t e T e r m i n a t i o n o f L i q u i d a t i o n s , 1 9 3 4 -1 9 5 5
(In thousands)
Transactions for protection of depositors
Disbursements potentially
recoverable
Item

Total
Total
(429
banks)

Disbursem ents........................
Principal..................................
Liquidation expenses............
Advances for asset
protection............................
Payoff expenses.....................
Other deposit insurance
expenses...............................

$337,737
290,073
14,136

$335,110
288,727
13,960

$243,686
197,303
13,960

32,509
874

32,423

Estimated future recoveries
of disbursem ents...........
Deposit insurance losses. . .
On potentially recoverable
disbursements. ..............
On other transactions.. . .

Disburse­
ments
not re­
coverable

32,423

$91,424
91,424

$1,019

$1,608
1,346
176

874

145

Estimated additional dis­
bursements ..................
Recoveries and income to
December 31, 1955.........
Recoveries of
disbursements....................
Profit and net income...........

Deposit
Receiver­
assumption
ship
cases
cases
(180
(249
banks)
banks)

Trans­
actions to
facilitate
termi­
nation of
liquida­
tions

145

107

79

$304,975

$302,740

$227,626

$75,114

$2,235

304,147
828

302,740

227,626

75,114

1,407
828

2,483

$ 13,577

$14,531

28,108
409

28,108

13,577

28

$

14,531

Interest and allowable re­
turn collected.............

$

N et loss of fu n d s.

$ 19,752

8,765

$

$

$ 1,858

$ 28,108

4,352

4,341

79

$ 28,517

$

$

$

11

8,765

$

8,418

$

$ 19,343

$

5,159

$14,184

$ -638i

1,047
$

$1,047

-638i

$1,047

$ -638i

347

1 Net profit and net income.

In receivership cases the depositors who are paid by the Corporation
assign to it equivalent claims against the receiver of the bank. These
entitle the Corporation to receivers' dividends on a parity with similar
claims. When the Corporation makes a loan to or purchases assets from
an insured bank to facilitate assumption of its deposits by another
insured bank, the Corporation is entitled to recover its principal dis­
bursement from liquidation of the assets thereby acquired. In addition,
the Corporation may recover its liquidation expenses and advances
made to protect the value of assets awaiting liquidation. From any
further proceeds the Corporation retains an amount equal to interest
or a return on investment of 4 percent on the amounts advanced.



ACTION TO PROTECT DEPOSITORS IN FAILING BANKS

11

Finally, if the Corporation purchases the residual assets in order to
realize economies from the early termination of a case, all subsequent
recoveries on such assets accrue to the Corporation.
At the end of 1955 the Corporation had recovered $305.0 million. Ex­
pected additional recoveries of $4.3 million, if realized, would reduce
losses on total disbursements to $28.5 million. Allowing further for
interest collected on loans and allowable return received on purchased
assets, together amounting to $8.8 million, the Corporation's net loss
of funds through 1955 is estimated at $19.7 million.
Losses o f depositors. Approximately nine-tenths of the total deposits
in the four banks which were placed in receivership in 1955 were protected
by deposit insurance, enjoyed secured or preferred status, or were offset
by debts. Owners of the remaining one-tenth of deposits in the four
banks have participated ratably in dividends derived from liquidation
of the assets of the banks, paid by the Corporation in its separate capacity
as receiver. Further dividends will be paid as additional recoveries
are made.
All deposit accounts of the insured bank handled by the assumption
method in 1955 were fully protected, including those in excess of $10,000.
Since the establishment of the Corporation, over 99 percent of all de­
posits in the 429 distressed insured banks have been paid to or recovered
by the depositors. In 223 cases, including the 180 assumption cases, no
depositor suffered any loss; and in each of 186 other cases depositors
as a group lost less than 5 percent. Of the remaining 16 cases which
have been terminated, only six entailed losses to depositors greater
than 10 percent; and the greatest loss was 24 percent in one of the banks
placed in receivership in 1936. In four receivership cases, losses to
depositors have not yet been determined.

F in a n c e s o f t h e

C o r p o r a t io n

Sources o f incom e. To fulfill the continuing financial responsibilities
of the Corporation, insured banks are required to pay regular assessments.
The assessment rate is 1/12 of one percent annually of total deposits
less certain authorized exclusions and deductions. Against current
assessments the banks are allowed a credit, under terms of the Federal
Deposit Insurance Act of 1950, amounting to 60 percent of net assess­
ment income; i.e., assessment income remaining after deduction of
insurance losses and operating expenses. The Corporation retains 40
percent of net assessment income.
Funds of the Corporation in excess of amounts needed for its opera­
tions have, in accordance with statute, been invested in United States



12

FEDERAL DEPOSIT INSURANCE CORPORATION

Government securities. Interest on these obligations constitutes an im­
portant secondary source of income. In addition, the Corporation has
received some income on assets acquired in connection with the financial
assistance it has provided to depositors of distressed banks.
Income and its disposition in 1955. Total income of the Corpo­
ration during 1955 was $191.0 million. Of this, $151.4 million represented
assessments due; after deducting insurance losses and operating expenses
of $9.5 million, net assessment income amounted to $141.9 million,
before giving effect to applicable assessment adjustments of $0.3 million.
Insured banks received credits for $85.3 million of this adjusted net
assessment income, and $56.9 million was retained by the Corporation.
This latter amount, together with investment income and adjustments
totaling $40.0 million, resulted in an increase of $96.9 million in the deposit
insurance fund, raising it to $1,639.6 million at the end of 1955.

T a b le 6.

I ncome

and

C o r p o r a t io n

E xpenses

and

for th e

Y

of the

C hanges
ear

F ederal D

in t h e

E nded D

D

e p o s it

ecem ber

e p o s it

I n surance

I nsurance F und

31, 1955

INCOME AN D EXPENSES
Net income for the year ended December 31, 1955:
Income:
Deposit insurance assessments....................................................
Less— net assessment income credit due insured banks,
(see table 8 ) .................................................................................
Income from U. S. Government securities.
Other income.....................................................

$151,412,379
85,303,489
$ 66,108,890
39,574,978
23,855

Total income.
Expenses and losses:
Administrative and operating expenses (see table 7).
Provision for reserve for insurance losses....................
Other insurance losses and expenses.............................

$ 105,707,723
8,668,047
772,841
94,855

Total expenses and losses.

9,535,743

N et income (addition to the deposit insurance fund)
for the year ended December 31, 1955...........................

$

96,171,980

DEPOSIT INSURANCE FUND
$1,542,697,382

Deposit insurance fund, December 31, 1954. .
Adjustments applicable to periods prior to January 1, 1955
(increasing the fund):
By reduction of reserves for insurance losses (net):
Applicable to net assessment income................................
Not applicable to net assessment income........................
By additional assessments (net) . .
By additional other income (net).
Total adjustments....................................................
Deposit insurance fund, December 31, 1954 as adjusted
Net income for the year ended December 31, 1955 (see above)addition to the fund................................................................
Deposit insurance fund, December 31, 19551.
1 See footnote 2, Table 10.




295,846
37,687
333,533
381,342
4,595
719,470

$1,543,416,852
96,171,980
$1,639,588,832

13

FINANCES OF THE CORPORATION
T a b le 7 .
A d m i n is t r a t i v e a n d O p e r a t i n g E x p e n s e s o f t h e F e d e r a l D
I n s u r a n c e C o r p o r a t io n F o r t h e Y e a r E n d e d D e c e m b e r 3 1 , 1 9 5 5

e p o s it

Personal services...........................................................................................................................
Travel..............................................................................................................................................
Transportation of things.............................................................................................................
Communication services..............................................................................................................
Rents and utilities........................................................................................................................
Printing and reproduction..........................................................................................................
Supplies and materials.................................................................................................................
Equipment....................................................................................... ..............................................
Other contractual services..........................................................................................................

$6,154,510
1,561,623
20,461
88,035
417,700
103,031
38,546
91,844
199,287

T o ta l......................................................................................................................
Less: Recoverable expenses and other credits......................................................................

$8,675,037
6,990

Net administrative and operating expenses..................................................................

$8,668,047

The net assessment income credit to banks of $85.3 million is allocated
among the insured banks in proportion to their assessments which be­
came due in 1955, and becomes available to them on July 1, 1956, for
use in paying current deposit insurance assessments. The credit received
by each insured bank is equal to 56.37 percent of its 1955 assessment,
approximately the same percentage as in each year since 1950.
Income and expenses of the Corporation in 1955 are presented in
Table 6. A breakdown of the administrative and operating expenses
of the Corporation is shown in Table 7. The computation of net assess­
ment income and its allocation between the Corporation and insured
banks are given in Table 8.

T a b le 8 .

D

D i s t r i b u t io n o f N e t A s s e s s m e n t I n c o m e
F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n f o r t h e
Y e a r E n d e d D e c e m b e r 3 1 , 1955

e t e r m in a t io n a n d

of th e

Determination of net assessment incom e:
Total assessments which became due during the calendar
year................................................................................................
Less:
Operating costs and expenses......................................................
Net additions to reserves to provide for insurance losses:
Provided in 1955........................................................................
Adjustments to provisions made prior to 1955 (reduction)

$151,412,379
$
$

772,841
295,846

8,668,047
476,995
94,855

Other insurance losses and expenses.........................................
$

Total deductions............................................................

9,239,897

$142,172,482

Net assessment income for 1955.....................................................
Distribution of net assessment income, December 31,
1955:
Net assessment income for 1955:
40 percent transferred to deposit insurance fund..................
Balance credited to insured banks.............................................

$ 56,868,993
85,303,489
$142,172,482

Total.................................................................................

Credit for 1955....................................................................................
Adjustments of credits for prior years..........................................

$85,303,489
50,565

Percent of total
assessments be­
coming due in 1955
56.34%
.03

Total.................................................................................

$85,354,054

56.37%

Allocation

of net assessment income credit
insured banks, December 31, 1955:




among

14

FEDERAL DEPOSIT INSURANCE CORPORATION

Income and expenses of the Corporation in each year of its operation,
and cumulative through December 31, 1955, are shown in Table 9.
T a b le 9 .
I n c o m e a n d E x p e n s e s o f t h e F e d e r a l D e p o s it I n s u r a n c e
C o r p o r a t io n , b y Y e a r s , f r o m B e g i n n i n g o f O p e r a t i o n s ,
S e p t e m b e r 11, 1933 t o D e c e m b e r 3 1 , 1 9 5 5 ,
A d ju st e d to D e c e m b e r 3 1 , 1955
(In millions)
Income

Year
Total

Deposit
insurance
assess­
ments

Expenses
In­
vestments
and
other
sources

Total

Deposit
Interest
insurance
on
losses
capital
and
stock8
expenses1

Adminis­
trative
and
operating
expenses

Net
income
added to
deposit
insurance
fund*

$1,856.3

$1,381.04

$475.3

$216.7

$28.5

$107.6

$1,639.6

1955
1954

105.7
99.6

66.14
62.34

39.6
37.3

9.5
7.8

.8
.1

8.7
7.7

96.2
91.8

1953
1952
1951
1950
1949

94.1
88.6
83.7
84.8
150.9

60.14
57.34
54.24
54.24
122.5

34.0
31.3
29.5
30.6
28.4

7.3
7.8
7.0
7.8
6.4

.1
.8
.1
1.4
.3

7.2
7.0
6.9
6.4
6.1

86.8
80.8
76.7
77.0
144.5

146.9
157.7
130.9
121.2
99.5

119.3
114.4
107.0
93.7
80.9

27.6
43.3
23.9
27.5
18.6

7.3
10.4
10.4
9.7
9.7

.7
.1
.1
.1
.1

.6
4.8
5.8
5.8
5.8

6.0
5.5
4.5
3.8
3.8

139.6
147.3
120.5
111.5
89.8

1943____
1942 . . . .
1941
1940 .
1939 . . . .

86.7
69.4
62.0
55.9
51.2

70.0
56.5
51.4
46.2
40.7

16.7
12.9
10.6
9.7
10.5

10.2
10.3
10.1
12.9
16.4

.2
.5
.6
3.5
7.2

5.8
5.8
5.8
5.8
5.8

4.2
4.0
3.7
3.6
3.4

76.5
59.1
51.9
43.0
34.8

1938 . ,,
1937
1936
1935
1 933-34..

47.7
48.2
43.8
20.8
7.0

38.3
38.8
35.6
11.5
(6
)

9.4
9.4
8.2
9.3
7.0

11.3
12.2
10.9
11.3
10.0

2.5
3.7
2.6
2.8
.2

5.8
5.8
5.8
5.8
5.6

3.0
2.7
2.5
2.7
4.2«

36.4
36.0
32.9
9.5
-3.07

1933-1955

1948
1947
1946
1945
1944

, ,.
, ,
, ,.
.
, ,

$80.6

1 Includes nonrecoverable expenses incurred pursuant to the insurance of deposits in closed insured
banks.
2 Paid in 1950 and 1951, but allocated among years to which it applies. Initial capital of $289 million
was retired by payments to the United States Treasury in 1947 and 1948.
* The amounts shown herein give effect to adjustments to the deposit insurance fund in the years
to which they are applicable, whereas the amounts of the Fund shown in Table 11 represent the Fund
as reported on the dates specified. Hence the deposit insurance fund reported in Table 11 cannot be
computed by annual addition of income reported herein, except for the Fund as of December 31, 1955.
4
Net after deducting the portion of net assessment income credited to insured banks, pursuant to
provisions of the Federal Deposit Insurance Act of 1950.
6 Assessments collected from insured banks, members of the temporary insurance funds which be­
came insured under the permanent plan, were credited to their accounts in total at the termination
of the temporary funds, and were applied toward payment of subsequent assessments becoming due
under the permanent insurance fund, resulting in no income to the Corporation from assessments during
the existence of the temporary insurance funds.
• Net after deducting the portion of expenses and losses charged to banks withdrawing from the
temporary insurance funds on June 30, 1934.
7 Deduction.

Assets and liabilities, December 31, 1955. The assets of the Corpo­
ration on December 31, 1955, totaled $1,734.1 million. Nearly all, or
$1,725.5 million, consisted of United States Government securities and
accrued interest thereon; $4.1 million was represented by cash and $4.5
million by assets acquired in receivership and deposit assumption trans­
actions and other assets.



15

F IN A N C E S OF T H E CO R PO R ATIO N

Liabilities of the Corporation at the end of 1955 totaled $94.5 million
and consisted principally of net assessment income credits due insured
banks. The excess of the Corporation’s assets over its liabilities, amount­
ing at the end of 1955 to $1,639.6 million, constitutes the Corporation’s
resources in fulfilling the deposit insurance obligation. It is authorized
to borrow from the United States Treasury an amount not exceeding
$3 billion outstanding at any one time, if needed for insurance purposes,
a power so far unused. The assets and liabilities of the Corporation on
December 31, 1955, are given in Table 10.

T a b le 1 0.

A ssets

and

L ia b il it ie s

C o r p o r a t io n , D

of th e

F ederal D

ecem ber

e p o s it

I nsurance

3 1 , 195 5

ASSETS
Cash...........................................................................................................
U. S. Government obligations:
Securities at amortized cost (face value $1,724,900,000;
market or redemption value, $1,690,591,781)........................
Accrued interest receivable..............................................................

4,131,332
$1,719,725,554
5,747,065

Assets acquired in receivership and deposit assumption trans­
actions:
Subrogated claims of depositors against closed banks.........
Net insured balances of depositors in closed banks, to be
subrogated when paid— contra...............................................
Loans on assets...............................................................................
Assets purchased under agreements to return any excess
recovery to selling banks.........................................................
Other purchased assets.................................................................

1,725,472,619

2,131,256
79,436
2,233,865
9,258,693
15,800
13,719,050
9,366,975

Less— reserves for losses...............................................................

4,352,075

Deferred charges and sundry assets...............................................
Furniture, fixtures, and equipment...............................................

140,757

Total assets..............................................................

$1,734,096,784

1

LIABILITIES1
Accounts payable and miscellaneous accrued liabilities...........
Earnest money, escrow funds, and collections held for others
Accrued annual leave of employees...............................................
Due insured banks:
Net assessment income credits available July 1, 1956.........
Other..................................................................................................

$

$

85,354,054
7,365,266

503,240
164,702
1,007,353

$

92,719,320
5,948
79,436
27,953

Deferred credits..................................................................................
Net insured balances of depositors in closed banks— contra. .
Reserve for deposit insurance expenses........................................
Total liabilities.......................................................

$

94,507,952

DEPOSIT INSURANCE FUND
Fund (see Table 6)*..........................................................................

1,639,588,832

T otal liabilities and fu n d ..................................

$1,734,096,784

1 Capital stock was retired by payments to the United States Treasury in 1947 and 1948, pursuant
to the Acts of August 5, 1947 (61 Stat. 773) and June 29, 1948 (62 Stat. 1,092).
2 The deposit insurance fund represents the cumulative net income (surplus) of the Corporation
from its inception to December 31, 1955. For the protection of depositors, in addition to this fund, the
Corporation is authorized to borrow up to three billion dollars from the United States Treasury when
in the judgment of the Board of Directors such funds are required for insurance purposes.

The insurance fund and insured deposits. The ratio of the deposit
insurance fund to insured deposits has increased slightly in the last few



FEDERAL DEPOSIT INSURANCE CORPORATION

16

years, but is smaller than at the beginning of deposit insurance in 1934.
At the end of 1955 the fund amounted to 1.4 percent of insured deposits,
as compared with 1.9 percent at mid-year 1934. The relationship of the
deposit insurance fund to insured deposits and to total deposits for each
mid-year and year-end date since 1934 is shown in Table 11.
Table 11.

I nsured

D

e p o s it s

and

the

Deposits in
Insured banks
(in millions)
Date
Total

D

e p o s it

I nsurance

Percent
of
deposits
insured

Deposit
insurance
fund
(in
millions)

Insured1

3 1 ...............................
3 0 ...............................
3 1 ...............................
3 0 ...............................

$212,226
200,764
203,195
191,652

$116,380
110,437*
110,973*
105,0312

1953 Dec. 3 1 ...............................
June 3 0 ...............................
1952 Dec. 3 1 ...............................
June 3 0 ...............................
1951 Dec. 3 1 ...............................
June 3 0 ...............................
1950 Dec. 3 1 ...............................
June 3 0 ...............................
1949 Dec. 3 0 ...............................
June 3 0 ...............................

193,466
181,740
188,142
176,703
178,540
164,608
167,818
156,120
156,786
148,657

105,610*
100,743*
101,842*
96,215*
96,713
89,753
91,359
76,891
76,589
74,212

54.6
55.4
54.1
54.4
54.2
54.5
54.4
49.3
48.8
49.9

1948 Dec. 3 1 ...............................
June 3 0 ...............................
1947 Dec. 3 1 ...............................
June 3 0 ...............................
1946 Dec. 3 1 ...............................
June 3 0 ...............................
1945 Dec. 3 1 ...............................
June 3 0 ...............................
1944 Dec. 3 1 ..............................
June 3 0 ..............................

153,454
148,562
154,096
145,597
148,458
151,628
158,174
143,953
134,662
122,415

75,320
73,705
76,254
74,097
73,759
70,486
67,021
60,373
56,398
50,542

1943 Dec.
June
1942 Dec.
June
1941 Dec.
June
1940 Dec.
June
1939 Dec.
June

3 1 ...............................
3 0 ...............................
3 1 ...............................
3 0 ...............................
3 1 ...............................
3 0 ..............................
3 1 ..............................
3 0 ...............................
3 1 ..............................
3 0 ...............................

111,650
97,321
89,869
73,027
71,209
67,419
65,288
59,853
57,485
53,573

1938 Dec.
June
1937 Dec.
June
1936 Dec.
June
1935 Dec.
June
1934 Dec.
June

3 1 ..............................
3 0 ...............................
3 1 ..............................
3 0 ...............................
3 1 ...............................
8 0 ...............................
3 1 ...............................
3 0 ...............................
3 1 ...............................
3 0 ...............................

50,791
48,469
48,228
48,832
50,281
47,637
45,125
41,378
40,060
36,873

1955 Dec.
June
1954 Dec.
June

54.8%
55.0
54.6
54.8

F und,

1934-1955

Ratio of deposit
insurance fund to—
Total
deposits

Insured
deposits

.77%
.79
.76
.78

1.41%
1.44
1.39
1.43

1,450.7
1,406.6
1,363.5
1,322.5
1,282.2
1,243.8
1,243.9
1,277.1
1,203.9
1,134.2

.75
.77
.72
.75
.72
.76
.74
.82
.77
.76

1.37
1.40
1.34
1.37
1.33
1.39
1.36
1.66
1.57
1.53

49.1
49.6
49.5
50.9
49.7
46.5
42.4
41.9
41.9
41.3

1,065.9
1,007.4
1,006.1
1,133.7
1,058.5
992.7
929.2
868.5
804.3
752.3

.69
.68
.65
.78
.71
.65
.59
.60
.60
.61

1.42
1.37
1.32
1.53
1.44
1.41
1.39
1.44
1.43
1.49

48,440
38,437
32,837
28,873
28,249
27,398
26,638
24,708
24,650
24,237

43.4
39.5
36.5
39.5
39.7
40.6
40.8
41.3
42.9
45.2

703.1
658.8
616.9
583.9
553.5
523.4
496.0
469.6
452.7
424.5

.63
.68
.69
.80
.78
.78
.76
.78
.79
.79

1.45
1.71
1.88
2.02
1.96
1.91
1.86
1.90
1.84
1.75

23,121
22,540
22,557
22,544
22,330
21,139
20,158
18,954
18,075
16,831

45.5
46.5
46.8
46.2
44.4
44.4
44.7
45.8
45.1
45.6

420.5
402.0
383.1
364.1
343.4
323.8
306.0
335.0
291.7
319.0

.83
.83
.79
.75
.68
.68
.68
.81
.73
.87

1.82
1.78
1.70
1.62
1.54
1.53
1.52
1.77
1.61
1.90

$1,639.6
1,590.5
1,542.7
1,496.7

1 Estimated by applying to the deposits in the various types of account at the regular call dates
the percentages insured as determined from special reports secured from insured banks.
*
Differs from previously published estimate because of the availability of new information on the
proportion of deposits insured, secured from a special call on September 21, 1955.

The risk to the Corporation as an insurer of deposits is not adequately
indicated by ratios of its fund to insured deposits. Specific areas of risk
must also be considered. One type of risk is exemplified by those insured



FINANCES OF THE CORPORATION

17

banks which have relatively thin capital margins, or which have large
amounts of doubtful or substandard assets compared to their capital
accounts, or which for other reasons appear especially vulnerable to
adverse circumstances. Another type of risk results from the concentra­
tion of insured deposits in a relatively small number of banks, as illus­
trated in Chart B. As indicated there, insured deposits in six banks are
almost six times the amount of the deposit insurance fund.

C h art

B.

T h e D e p o sit In su ra n c e F und and In su red
D e p o s it s , S e p te m b e r 2 1 , 1955

Audit. As required by the Federal Deposit Insurance Act, the Comp­
troller General of the United States makes an annual audit of the Corpo­
ration. The short form of the audit report for the year ended June 30,
1955, as furnished to the Corporation by the Comptroller General, is
given in Table 14, on pages 20-22.

L egal D evelopm ents

Federal legislation. No legislation directly affecting deposit in­
surance or insured banks in general was enacted during the first session
of the 84th Congress.
Rules and regulations of the Corporation. The rules and regula­
tions of the Corporation were amended, and the amendments were
published in the Federal Register of May 14, 1955 (20 F. R. 3328), with
effective date of May 16, 1955, and in the Federal Register of December



18

FEDERAL DEPOSIT INSURANCE CORPORATION

6, 1955 (20 F. R. 8949), with effective date of December 7, 1955. Under
the former amendment the term “ savings deposit” in paragraph (e) of
Section 329.1 was enlarged to include a deposit of funds described in
that paragraph, when evidenced by a written receipt or agreement
although not by a passbook. Under the latter amendment the provisions
of Part 329, relating to the payment of deposits and interest thereon by
insured nonmember banks, were made inapplicable to guaranty savings
banks operating in the State of New Hampshire so long as said guaranty
savings banks operate substantially under and pursuant to the laws of
the State of New Hampshire pertaining to mutual savings banks and
do not engage in commercial banking.1 These amendments are given
in Part Four of this report.
Organization. Section 3 of the Description of Organization of the
Corporation, relating to delegation of final authority, published in the
Federal Register of March 27, 1954 (19 F. R. 1681), and set forth in
the Annual Report for 1954 on pages 97-101, was amended and pub­
lished in the Federal Register of August 24, 1955 (20 F. R. 6198). It is
reprinted in Part Four of this report.
State legislation. A summary of State banking legislation enacted
in 1955 is given in Part Four of this report.

O r g a n iz a t io n

and

P erso nn el

Directors and employees. Responsibility for administration of the
Federal Deposit Insurance Corporation resides in a three-member Board
of Directors. There were no changes in the membership of the Board
during 1955. The directors and other Corporation officials are listed
on page v, and an organization chart of the Corporation is shown on
page iv. Names of the Corporation’s supervising examiners and locations
of the district offices are given on pages vi and vii.
The Corporation had a total of 1,131 employees on December 31,
1955, representing an increase of 44 over the previous year. Almost
three-fourths of the Corporation’s personnel are employed in the Divi­
sion of Examination, and most of these are bank examiners working
in the field. A distribution of the Corporation’s employees according
to Division and location is presented in Table 12.
During 1955 a total of 216 persons left the employ of the Corporation.
These separations resulted in a turnover ratio of 19.3 per 100, or 14.1
per 100 if temporary personnel engaged in field liquidation activities
are excluded.
1

Guaranty fund savings banks in New Hampshire are included in banking statistics in the category

of "commercial and State savings banks and nondeposit trust companies."




ORGANIZATION AND PERSONNEL

Table 12.

N

19

O f f ic e r s a n d E m p l o y e e s o f t h e F e d e r a l D
I n s u r a n c e C o r p o r a t io n , D e c e m b e r 31, 1955

u m b er of

Division

Washington
Office

Total

T o ta l...................................................................................................

1,131

294

Directors.........................................................................................
Executive Offices..........................................................................
Legal Division...............................................................................
Division of Examination............................................................
Division of Liquidation..............................................................
Division of Research and Statistics.........................................
Audit Division...............................................................................
Office of the Controller...............................................................

3
16
22
816
58
43
50
123

3
16
22
52
19
43
16
123

e p o s it

District
and other
field offices

837

764
39
34

Employee benefits and programs. At the end of 1955, 97 percent
of the Corporation’s employees were included in the United States
Civil Service Retirement System; the remaining 3 percent, who were
ineligible for that System, were covered by the Social Security Act.
Almost 98 percent of the eligible employees had by December 31, 1955
availed themselves of the group life insurance benefits provided under
the Federal Employees’ Group Life Insurance Act of 1954.
Since 1952 the
ization, surgical,
ration bears the
bearing the cost

Corporation has provided for its employees a hospital­
and in-hospital medical benefits program. The Corpo­
cost of this program for its employees, who may by
thereof extend it to cover dependents.

The “ one package’’ plan for charitable contributions adopted by
Washington office employees in 1954 continued in 1955 to command
the generous support of employees. This plan has reduced the multi­
plicity and expense of charity appeals and at the same time has proven
a convenience to employees, most of whom fulfill their pledge through
regular payroll deductions. At the end of 1955 over 95 percent of the
Washington office employees participated, and during the year contri­
butions exceeded those previously given to the various charities.
Educational program. Since 1946 the Division of Examination
has carried on an educational program for its examiners. In 1955 this
program was extended to include auditors of the Audit Division.
The program consists primarily of correspondence courses given by
the American Institute of Banking and special graduate courses in
banking at three universities. Costs of these courses are paid by the
Corporation. The special graduate programs are conducted by The
Graduate School of Banking at Rutgers University, the School of Banking
at the University of Wisconsin, and The School of Banking of the South
at Louisiana State University. Each of the graduate programs requires
for completion three summer resident sessions, each of two weeks’ dura­
tion, and itwo years of intensive nonresident study.



FEDERAL DEPOSIT INSURANCE CORPORATION

20

The results of this program in terms of more effective personnel are
highly gratifying to the Corporation. The extent of examiner participa­
tion in the program, since its inception and in 1955, is indicated in
Table 13.
Table 13.

R esults

C o r p o r a t i o n ’ s E d u c a t io n a l P r o g r a m
E x a m i n e r s , 1 9 4 6 -1 9 5 5

of th e
for

Number

Activity
Examiners participating in program on December 31, 1955— to ta l....................
In American Institute of Banking correspondence courses...........................................
In other correspondence courses...........................................................................................
In resident aourses............................................................................................ .......................
In graduate banking school courses.....................................................................................

388
340

1

12

35

Courses completed during 1955
All educational courses............................................................................................................
Graduate banking school diplomas received.............................................. .......................

212

Courses completed 1946-1955
All educational courses............................................................................................................
Graduate banking school diplomas received.....................................................................

1,868

Certificates or diplomas received by examiners employed December 31, 1955
From American Institute of Banking
Pre-Standard..........................................................................................................................
Standard..................................................................................................................................
Graduate.................................................................................................................................
From graduate banking schools............................................................................................

19

110

124
51
13
95

In addition to the regular Corporation educational program, certain
Assistant Examiners employed by the Corporation have been afforded
an opportunity to attend the sessions of the Inter-Agency Bank Ex­
amination School which is conducted in Washington by the three Federal
bank supervisory authorities. During 1955, 24 Corporation employees
were enrolled for the junior sessions of this school and 3 employees were
enrolled for the senior session. The junior session is designed for newly
employed Assistant Examiners and the senior session for Assistant
Examiners who have demonstrated their capability.
Table 14.

A u d i t R e p o r t o f t h e F e d e r a l D e p o s it I n s u r a n c e
C o r p o r a t io n f o r t h e Y e a r E n d e d J u n e 3 0 , 1955
C o m p tr o lle r G e n e r a l

of

t h e U n ite d S t a t e s

W a s h in g to n 25

B-l 14831

December

15, 195 5

Board of Directors
Federal Deposit Insurance Corporation
Gentlemen:
The D ivision of Audits, General Accounting Office, has made an audit of F e d e r a l
D e p o s it I n s u r a n c e C o r p o r a tio n , an independent Governm ent agency, for the
fiscal year ended June 3 0 ,1 9 5 5 , in accordance with section 17 (b) of the Federal D eposit
Insurance A ct (12 U.S.C. 1 8 2 7 ).

This audit included an examination of the balance sheet of Federal Deposit Insurance
Corporation as of June 3 0 , 195 5 , and the related statement of income and deposit
insurance fund for the year then ended. The examination was made in accordance



21

AUDIT OF THE CORPORATION

Table 14.

A u d i t R e p o r t o f t h e F e d e r a l D e p o s it I n s u r a n c e
C o r p o r a t io n f o r t h e Y e a r E n d e d J u n e 30, 1955—Continued

with generally accepted auditing standards and included such tests of the accounting
records and such other auditing procedures as were considered necessary in the cir­
cumstances and appropriate in view of the effectiveness of the system of internal
control, including the work performed by the Corporation's internal auditors.
In the opinion of the General Accounting Office, the accompanying balance sheet
(exhibit 1) and statement of income and deposit insurance fund (exhibit 2) present
fairly the financial position of Federal Deposit Insurance Corporation at June 30,
1955, and the results of its operations for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent with that of
the preceding year and with applicable Federal laws.
Sincerely yours,
/s / J o s e p h C a m p b e l l
Comptroller General of the United States

Exhibit 1.

F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n ,
B a l a n c e S h e e t , J u n e 30, 1955

ASSETS
$
U. S. Government obligations:
Securities, at amortized cost (face value, $1,711,200,000;
market or redemption value, $1,693,632,109)........................
Accrued interest receivable..............................................................

$1,706,136,488
5,392,131

Assets acquired in deposit assumption and receivership
transactions:
Subrogated claims of depositors against closed insured banks.
Net balances of depositors in closed insured banks, to be
subrogated when paid— contra...................................................
Loans to insured banks.....................................................................
Equity in assets acquired under purchase agreements.............
Assets purchased outright................................................................
Less estimate for losses.....................................................................

2,905,635

1,711,528,619

1,836,870
79,619
2,235,189
7,619,438
15,583
11,786,699
9,229,098

2,557,601

Accounts receivable, deferred charges, and sundry assets.

197,971

Furniture, fixtures, and equipm ent, less accumulated
depreciation of $563,450...............................................................

1
$1,717,189,827

LIABILITIES AN D DEPOSIT INSURANCE FU ND
Accounts payable and accrued liabilities.................................

$

Earnest m oney, escrow funds, and collections held for
oth ers...............................................................................................

685,767
181,637

Employees’ accrued annual leave................................................

1,093,537

Deferred credits...................................................................................

22,707

N et balances of depositors in closed insured banks— contra

79,619

Net assessment income credits due insured banks (note 1):
Available July 1, 1955......................................................................
Estimated amount available July 1, 1956, from net assess­
ment income for 6 months ended June 30, 1955....................
Total liabilities...............................................................
Deposit insurance fund, representing accumulated income
from inception to June 30,1955, available for future deposit
insurance losses and related expenses (note 2 and exhibit 2).

82,007,137
42,578,756

124,585,893
126,649,160

1,590,540,667
$1,717,189,827

The notes following exhibit 2 are an integral part of this statement.




22

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 14.

A u d i t R e p o r t o f t h e F e d e r a l D e p o s it I n s u r a n c e
C o r p o r a t io n f o r t h e Y e a r E n d e d J u n e 30, 1955—Continued

Exhibit 2.
and

D

F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n , S t a t e m e n t
I n s u r a n c e F u n d f o r t h e Y e a r E n d e d J u n e 30,

e p o s it

of

I ncome

1955

Deposit insurance assessments............................................................

$ 148,462,895

Deduct net assessment income credits due insured banks (note 1)

83,805,707

Income from U. S. Government securities

38,066,969

64,657,188

Other income...................................................

39,685
102,763,842

Deduct:
Administrative and operating expenses:
Salaries.....................................................
Travel.......................................................
Bents and utilities.................................
Other.........................................................

$5,864,702
1,500,738
408,194
514,804
8,288,438

Estimated deposit insurance losses and expenses on cases
acquired during the year..............................................................

787,234

9,075,672

Net Income for year transferred to deposit insurance fund.. . .

93,688,170

Deposit insurance fund, June 30, 1954.............................................

1,496,692,007

Net adjustment of prior year’s estimate of losses restored to
deposit insurance fund..................................................................

160,490

Deposit insurance fund, June 30, 1955 (note 2 and exhibit 1 )...

$1,590,540,667

The notes below are an integral part of this statement.

N

o te s to t h e

F in a n c ia l St a t e m e n t s — J u n e

30, 1955

1. Section 7(d) of the Federal Deposit Insurance Act (12 U.S.C. 1817(d)) provides that as of
December 31, 1950, and as of December 31 of each year thereafter, the Corporation shall credit pro
rata to the insured banks 60 percent of the net assessment income (as defined by the act) for the calendar
year, the credit to be applied toward the payment of assessments becoming due for the semiannual
period beginning the next July 1 and any excess credit to be applied to the assessment of the following
period.
At June 30, 1955, the net amount due the banks for credits computed on the net assessment income
of calendar year 1954, as adjusted, was $81,625,899; in addition, there was a liability of $381,238 repre­
senting adjustments of prior years' credits. The actual amount of credit due the banks from calendar
year 1955 net assessment income is not determinable until after December 31, 1955. For statement
purposes, however, an estimated credit for the first 6 months of 1955 has been computed to be
$42,578,756.
2. At June 30, 1955, the deposit insurance fund was equivalent to 1.42 percent of the insured
deposits in all banks, estimated by the Corporation at 112.2 billion dollars. This fund, however, is not
a measure of the deposit insurance risk, and its adequacy to meet future losses will depend on future
economic conditions which cannot be predicted. Based on data compiled by the Corporation, the fund
appears to be adequate to cover any potential losses at June 30, 1955.
The Corporation may borrow from the United States Treasury, at interest, such funds as in the
judgment of the board of directors of the Corporation are required from time to time for insurance
urposes, not exceeding, in the aggregate, three billion dollars outstanding at any time. The Corporation
as never used this borrowing power.
3. Under existing law, the Corporation is not required to bear the Government’s share of the cost
of providing retirement, disability, and compensation (including unemployment) benefits for the em­
ployees of the Corporation. These costs are estimated to be approximately $335,000 for the fiscal year
1955.

E







PART TWO
BANKING DEVELOPMENTS




N um ber

of

Banks and

T h e ir

Insu ran ce

Status

Changes in number of operating banks and branches. During
1955 the number of banking offices in the United States increased by
more than 2 percent, totaling 21,675 at the year-end. As has been true
during each year since 1947, the number of banks declined, with a more
than offsetting increase in the number of branches. At the end of 1955
the number of operating banks was 14,284, down almost 1 percent from
the end of the preceding year, while the number of branches totaled
7,391, up more than 9 percent from the same date. The number of banks
and branches at the end of each year since 1946, and the increase or
decrease during each year, are shown in Table 15.
Table 15. N u m b e r a n d C h a n g e s
U n i t e d S t a t e s (C o n t i n e n t a l U . S .
Number at end of year
or period
Year
or
period

Total
banking
offices

Banks

in

B a n k i n g O f f ic e s
Oth er A r e a s)r

and

Change in number

Total
Branches1 banking
offices

Banks

in

th e

1946-1955

Percentage change

Total
Branches1 banking
offices

1947-1955..

21,675

14,284

7,391

2,696

-475

3,171

1955........
1954........
1953
1952
1951........
1950 . . . .
1949
1948
1947 ,
1946 . . .

21,675
21,160
20,779
20,450
20,155
19,851
19,600
19,366
19,175
18,979

14,284
14,409
14,552
14,617
14,661
14,693
14,736
14,753
14,767
14,759

7,391
6,751
6,227
5,833
5,494
5,158
4,864
4,613
4,408
4,220

515
381
329
295
304
251
234
191
196

-125
-143
-6 5
-4 4
-32
—
43
-1 7
-1 4
8

640
524
394
339
336
294
251
205
188

14.2%
2.4
1.8
1.6
1.5
1.5
1.3
1.2
1.0
1.0

Banks

-3 .2 %
- .9
-1 .0
- .4
- .3
- .2
- .3
- .1
- .1
.1

Branches1

75.1%
9.5
8.4
6.8
6.2
6.5
6.0
5.4
4.7
4.5

1 Includes “facilities” at military installations.

Increases during 1955 in the number of branches were not restricted
to any one section of the nation but were widespread, occurring in 37
States. The number of banks increased in 18 States and decreased in 23
States. Most of the States with an increase in the number of banks have
relatively little branch banking; States in which substantial declines
occurred in the number of banks were those experiencing large increases
in the number of branches.
Changes in the number of banks and branches, and thus in the total
number of banking offices, occur for a variety of reasons, the significance
of which may differ markedly. Table 16 summarizes the types of change
which have occurred among banks and branches during each year be­
ginning with 1947. Most of the banks ceasing operations have been
absorbed by, or consolidated or merged with, other banks. The number
of such combinations has increased substantially in each of the last four
years, and during 1955 was approximately three times the 1951 level.
Since 1946 there has been some variation in the number of banks ceasing




25

26

FEDERAL DEPOSIT INSURANCE CORPORATION

operation for other reasons, such as suspensions and other liquidations,
but the numbers have been small and display no significant trend.
T a b le 1 6 .
A n a l y s i s o f C h a n g e s i n t h e N u m b e r o f B a n k i n g O f f ic e s i n
t h e U n i t e d S t a t e s (C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1 9 4 7 -1 9 5 5
Banks

All
banking
of­
Year
fices—
Net
net
change
change

1955
1954
1953
1952
1951
1950
1949
1948
1947

515
381
329
295
304
251
234
191
196

-125
-143
-65
-44
-32
-43
-1 7
-1 4

8

Branches

Ceased
operations

Opened for
Other
Other
business
addi­
addi­
tions
tions
Dis­
to ( + )
to ( + )
Began
or de­
Net
con­
or de­
opera­
Suc­
letions change
tinued— letions
tions1
ceeded
Other
Ab­
Liqui­
from
total6
from
ab­
new
sorbed2 dated3
(-)
(-)
sorbed branches5
count—
count—
banks
net4
net4

116
72
65
69
63
69
72
78
113

231
207
115
99
78
89
76
77
82

10
9
12
16
18
15
20
15
15

+ 1
-3
+2
+ 1
-8
+ 7
-8

640
524
394
339
336
294
251
205
188

206
181
97
84
59
73
61
59
55

483
378
323
278
298
231
195
162
165

50
37
29
21
24
22
8
20
31

+ 1
+2
+3
-2
-f-3
+ 12
+3
+4
-1

Detailed data: Table 101, Annual Reports of the Federal Deposit Insurance Corporation, 1947-1955.
1 Mostly new banks, but includes a few previously operating financial institutions which became
banks of deposit.
2 Net decrease as a consequence of absorptions, consolidations, and mergers.
3 Suspensions and voluntary liquidations. Also includes in each year from one to four cases of banks,
the deposits of which were assumed with FDIC aid.
4 Includes revisions in classification and changes occurring in prior years, but on which no informa­
tion was available until given year.
5 In each year includes: from one to five cases of branches established at places at which a bank
had recently been liquidated; suspended, or removed; and from one to thirty-nine facilities established
in or near military installations at the request of the Treasury or Commanding Officer of the installation.
6 In each year (except 1949, 1951, and 1952) includes from one to ten facilities discontinued at
military installations.

The increasing number of absorptions, consolidations, and mergers
has had an effect on the formation of branches. Since 1946 about four
out of five banks losingftheir identity in such combinations have been
converted into branches of the absorbing banks. Branches formed in
this way accounted for about 30 percent of all branches opened for
business during 1955.
Types of operating banks and their insurance status. At the
end of 1955 almost all of the 14,284 banks operating in the United States
were banks of deposit, classified as commercial banks or mutual savings
banks. The commercial bank category, which includes a small number
of stock savings banks, accounted for 96 percent of all banks of deposit.
Table 17 shows the number of operating banks at the end of 1955, their
deposits, and their insurance status.
The 13,457 banks participating in Federal deposit insurance on De­
cember 31, 1955, comprised 94.6 percent of all banks of deposit, which
percentage was slightly higher than at the close of the preceding year.
Not participating in deposit insurance were a very small percentage of
the commercial banks and about three-fifths of the 528 mutual savings



NUMBER OF BANKS AND THEIR INSURANCE STATUS

27

banks. Also excluded were the trust companies not regularly engaged
in deposit banking, which are not eligible for deposit insurance. Deposits
in insured banks at the end of 1955 were 95.9 percent of deposits in all
operating banks, a slightly higher percentage than at the end of 1954.
Table 17. N u m b e r a n d D
S t a t e s ( C o n t i n e n t a l U . S.

o f A ll B a n k s in t h e U n it e d
O t h e r A r e a s ), D e c e m b e r 31, 1955

e p o s it s
and

Number or deposits
Item

Insured
banks

Total

N um ber of banks— to ta l..................
Banks of deposit.................................
Commercial......................................
Mutual savings................................
Trust companies not regularly en­
gaged in deposit banking.............

14,284
14,225
13,697
528

Deposits (in m illions)— to ta l.........
Banks of deposit.................................
Commercial......................................
Mutual savings................................
Trust companies not regularly en­
gaged in deposit banking1............

$221,392
221,325
193,138
28,187

Percentage of total

Non­
insured
banks

13.457
13.457
13.237
220

827
768
A60
308

$212,226
212,226
190,989
21.237

$9,166
9,099
2,1 U9
6,950

59

Insured
banks

Non­
insured
banks

94.2%
94.6
96.6
U1.7

59

67

5 .8 %
5.4
s.u
58.3
100.0

95.9%
95.9
98.9
75.3

67

4 .1 %
4.1
1.1
2k.7
100.0

1 Deposits of these companies consist of uninvested trust funds and special accounts.
Detailed data: See Table 103, pp. 118-119.

Bank

A ssets

Asset growth in 1955 and prior years. The assets of all banks
increased $10 billion during 1955 and at the end of the year amounted
to $243 billion. The 4.5 percent increase was slightly below that of the
previous year.
There is considerable variation in the annual rate of growth in bank
assets. During the past nine years the range has been from a negligible
increase in 1948 to a nearly 7 percent growth in 1950, with an average
annual increase of 4.1 percent. However, this pattern of growth has not
always existed. During the period 1927 through 1935 the range in the
annual rate of asset change was from a decline of 12.8 percent during
1931 to a 13.1 percent increase during 1934.
In 1955, as in other recent years, there was a substantial difference
between the first and second halves of the year with respect to change
in total bank assets. That is, there was a shrinkage during the first half,
with all the annual growth occurring during the second half. This pattern
of change during recent years differs somewhat from that which pre­
vailed prior to 1946. In most earlier years the change in bank assets
was in the same direction during both halves of the year, although,
generally, bank assets either increased less or decreased more during



28

FEDERAL DEPOSIT INSURANCE CORPORATION

the first half of the year than in the second half. Data comparing rates
of change in bank assets are given in Table 18.
T a b le 1 8.
P e r c e n ta g e C h a n g e s in A sse ts, A ll B a n k s in
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ),
Y e a r s a n d H a l f - Y e a r s , 1 9 2 7 -1 9 3 5 a n d 1 9 4 7 -1 9 5 5
1947-1955

1927-1935

Year

Year
Full
year

Average1.......................
1955............................
1954............................
1953............................
1952............................
1951............................
1950............................
1949............................
1948............................
1947............................

th e

First
half

Full
year

Second
half

4 .1 %

-1 .4 %

5.6 % A v e r a g e .

4.5
5.2
2.9
5.4
6.0
6.8
2.3
(a
)
4.0

-.9
- .5
-2 .8
-.5
-1 .6
(*)
-2 .5
-2 .9
-1 .2

5.4
5.8
5.9
5.9
7.7
6.8
4.9
3.0
5.2

1 9 3 5 ...
1 9 3 4 ...
1 9 3 3 ...
1 9 3 2 ...
1 9 3 1 ...
1 9 3 0 ...
1 9 2 9 ...
1 9 2 8 ...
1 9 2 7 ...

(a
)
8.2
13.1
-8 .7
-8 .8
-12.8
-3 .6
- .4
7.5
5.8

First
half

-1 .6 %
1.6
7.1
-10.4
-8 .7
-2 .7
-1 .0
-3 .9
1.6
2.1

Second
half

1.6%
6.5
5.6
2.0
-.1
-10.4
-2 .6
3.7
5.8
3.7

1 Average (arithmetic mean) of the rates for the various years or half-years.
2 Increase of less than .05 percent.
* Decrease of less than .05 percent.

Components of bank assets and their annual growth rates.
The growth of total assets is not spread evenly among the different types
of assets held by the banks and varies from year to year. As stated in
the report of the Corporation for 1954: “ The growth in total bank assets
during any year may take place in a wide variety of ways. If the best
lending or investing opportunities are found in loans to commercial and
industrial enterprises, banks acquire assets of that type. If they lie in
real estate lending, banks expand their mortgage holdings. Banks may
also expand their assets by purchase of newly issued or previously ex­
isting securities, especially in situations when direct lending opportunities
are less attractive. Such adjustment to the changing needs of the nation’s
economy is likely to result in substantial differences in the annual rates
of growth of various kinds of assets.”
In 1955, loans of banks increased by 17 percent while their holdings of
United States Government obligations decreased by 10 percent. For
comparison, in 1954 loans increased by only 6 percent while holdings of
United States Government obligations increased by 7 percent. Percentage
changes in different types of bank assets for each year from 1947 to
1955 are shown in Table 19.
The differences in growth among types of bank assets have resulted,
over a period of years, in a substantial change in the percentage distribu­
tion of bank assets. At the end of 1955 over two-fifths of bank assets
were loans and less than three-tenths were United States Government
obligations; nine years earlier, only about one-fifth were loans and over
half were obligations of the United States Government.



BANK ASSETS

29

Table 19.

D i s t r i b u t io n o f A s s e t s o f A l l B a n k s i n t h e U n i t e d S t a t e s
( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955,
a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955

Date or period

Total
assets

A m ou n t (in m illion s):
Dec. 31, 1955............... $243,105
169,255
Dec. 31, 1946...............
Percent of total assets:
Dec. 31, 1955...............
Dec. 31, 1946...............

100.0%
100.0

Percentage change:
1947-1955 average2. ..
1955.....................
1954.....................
1953.....................
1952.....................
1951.....................
1950.....................
1949.....................
1948.....................
1947.....................

4.1
4.5
5.2
2.9
5.4
6.0
6.8
2.3
(2
)
4.0

Cash and
funds
due
from
banks

U. S.
Govern­
ment
obliga­
tions

Obliga­
tions
of States
and sub­
divisions

Other
se­
curities

Loans
and dis­
counts1

Miscel­
laneous
assets

$47,979
35,185

$70,310
87,031

$13,395
4,471

$7,359
6,046

$100,575
35,810

$3,487
1,712

19.8%
20.8

28.9%
51.4

5.5 %
2.6

3 .0 %
3.0

41.4%
21.2

1.4 %
1.0

3.5
7.2
-2 .7
.5
.1
10.9
12.4
-7 .5
2.8
9.6

-2 .4
-9 .9
7.0
-.2
2.0
-2 .2
-7 .1
5.8
-8 .8
-6 .2

4.3
1.1
1.5
4.1
4.3
.5
9.0
5.4
5.9
7.0

12.2
16.9
6.3
6.6
11.7
12.0
21.8
2.8
12.1
20.7

13.0
1.1
17.4
6.8
12.5
13.9
23.9
15.7
7.3
19.9

8.2
4.1
15.6
8.1
4.7
11.8
8.8
2.4
11.9
7.2

i Net of valuation reserves.
3 Average annual rate of change computed by using compound interest formula.
* Increase of less than .05 percent.

Types of bank loans and their annual growth rates. The ir­
regularity in rates of growth among the various types of bank assets
extends to the loans made by banks for various purposes. This is indi­
cated by the data in Table 20, which shows the annual rates of change
for six categories of loans.
Table 20.

D i s t r i b u t io n o f L o a n s o f A l l B a n k s i n t h e U n i t e d S t a t e s
( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955,
a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955

Date or period

Total
loans1

A m ou n t (in m illions):
Dec. 31, 1955............... $102,059
35,823
Dec. 31, 1946...............
Percent of total loans:
Dec. 31, 1955...............
Dec. 31, 1946...............

100.0%
100.0

Percentage change:
1947-1955 average2. ..
1955.....................
1954.....................
1953.....................
1952.....................
1951.....................
1950.....................
1949.....................
1948.....................
1947.....................

12.3
16.9
6.4
6.6
11.6
11.9
21.8
3.1
13.6
20.7

Commercial
and
industrial

For
Agricultural carrying
(except
se­
real estate)
curities

$33,456
14,237

$4,495
1,412

$5,079
3,164

32.8%
39.8

4 .4 %
3.9

5 .0%
8.8

10.0
23.6
-1 .1
-2 .4
7.7
18.0
28.3
-9 .8
4.2
28.5

13.7
-14 .0
4.8
26.4
15.1
17.2
-4 .8
6.3
72.4
18.8

5.4
13.3
24.8
12.6
23.3
-10.3
8.4
14.0
12.4
-34.4

Real
estate
loans

$38,461 $17,403
11,675
4,109
37.7%
32.6

17.0%
11.5

14.2
14.5
12.7
9.4
10.5
12.4
19.5
9.9
16.8
22.5

17.4
16.5
2.1
14.0
21.1
3.4
25.5
17.2
20.2
40.9

1 Includes valuation reserves, which are excluded from net loans in Table 19.
* Average annual rate of change computed by using compound interest formula.




Other
loans
to indi­
viduals

All
other

$3,165
Ij226
3 .1 %
3.4
11.1
55.5
20.5
-3 .4
2.9
36.6
35.3
2.7
5.2
-11 .1

30

FEDERAL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

In 1955, when all loans increased by 17 percent, agricultural loans,
other than farm mortgage loans, decreased by 14 percent, while com­
mercial and industrial loans increased by 24 percent. The rates of change
in the other major categories of loans were closer to the rate for all loans.
The group of bank loans growing most rapidly over the past nine
years is the category known as “ other loans to individuals.” Such loans
are a smaller part of total bank loans than real estate loans or commercial
and industrial loans. There are several kinds of “ other loans to indi­
viduals” for which information is available for insured commercial
banks; and as is indicated in Table 21 the annual changes are often at
quite diverse rates.
Table 21.

D is t r ib u t io n o f “ O t h e r L o a n s t o I n d iv id u a ls ” o f In s u r e d
C o m m e r c ia l B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d
O t h e r A r e a s ) , D e c e m b e r 31, 1946 a n d 1955,
a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955

Date or period

A m ou n t (in m illion s):
Dec. 31, 1955.................
Dec. 31, 1946.................

Total
“ Other
loans to
indi­
viduals”

$17,266
4,031

Percent of tota l:
Dec. 31, 1955.................
Dec. 31, 1946.................

100.0%
100.0

Percentage change:
1947-1955 average1----1955........................
1954........................
1953........................
1952........................
1951........................
1950.......................
1949.......................
1948.......................
1947........................

17.5
16.6
2.1
14.0
21.6
3.4
25.7
17.6
20.4
40.3

Retail
automobile
instalment
paper

Other
retail
instalment
paper

Repair and
modern­
ization
instalment
loans

In­
stalment
cash
loans

Single­
payment
loans

$5,833
514

$2,088
328

$1,739
311

$2,323
675

$5,283
2,203

33.8%
12.8

12.1%
8.1

10.1%
7.7

13.4%
16.7

30.6%
54.7

31.0
33.8
-2 .7
25.5
30.5
.9
38.2
36.2
48.6
87.9

22.8
8.3
-9 .2
18.8
32.5
-8 .8
44.1
28.4
44.6
68.0

21.1
2.9
-0 .5
15.1
28.1
7.0
16.5
26.7
30.6
79.4

14.7
7.7
9.8
10.4
20.2
9.7
14.0
8.3
14.4
39.9

10.2
12.9
10.5
3.0
9.6
6.9
18.4
6.1
4.9
19.7

1 Average annual rate of change computed by using compound interest formula.

In 1955 retail automobile instalment paper, which is the largest
segment of “ other loans to individuals” , held by insured commercial
banks increased by 34 percent, in contrast with a decrease of 3 percent
in 1954. The next largest segment, single-payment loans, increased by
13 percent, slightly more than during the year before.
Assets of insured and noninsured commercial and mutual
savings banks. At the close of 1955, insured commercial banks held
86 percent of the assets of all banks, with the remainder divided as follows:
noninsured commercial banks, 1 percent; insured mutual savings banks,
10 percent; and noninsured mutual savings banks, 3 percent. Table 22
gives the amounts of the principal categories of assets on that date held
by each of these groups of banks.



BANK
T a b le 2 2 .

31

ASSETS

D i s t r i b u t io n o f A s s e t s o f A l l B a n k s i n t h e U n i t e d S t a t e s
( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) b y T y p e a n d
I n s u r a n c e S t a t u s o f B a n k s , D e c e m b e r 31, 1955

Assets

Insured
com­
mercial
banks

All
banks

Non­
insured
com­
mercial
banks

Insured
mutual
savings
banks

Non­
insured
mutual
savings
banks

A m ou n t (in m illion s):
Total assets.......................................
Cash and funds due from banks.
Securities..........................................
U. S. Government obligations...
Obligations of States and sub­
divisions ...................................
Other securities............................

$243,105
47,979
91,064
70,310

$209,145
46,560
77,241
60,877

$2,686
454
1,382
974

$23,458
785
8,768
5,858

$7,816
180
3,673
2,601

13,395
7,359

12,501
3,863

258
150

534
2,376

102
970

Loans and discounts, net.............
Valuation reserves...........................
Loans and discounts, gross..........
Commercial and industrial. . . .
Agricultural (excluding real
estate) ........................................
For carrying securities...............
Real estate....................................
Other loans to individuals.........
All other loans.............................

100,575
1 ,U8U
102,059
33,456

82,360
1,268
83,628
33,210

758
2
760
213

13,563
190
13,753
29

3,894
2U
3,918
k

A,495
5,079
38,461
17,403
3,165

A,411
h,97U
20,767
17,160
3,106

82
87
237
106
35

2
15
13,609
77
21

S
3,84.8
60
3

Fixed and miscellaneous assets. .

3,487

2,984

92

342

69

Number of banks, Dec. 31, 1955. . ..

14,284

13,237

519

220

308

Detailed data: See Table 105, pp. 124-125.

Bank

D e p o s it s

Deposit growth in 1955 and prior years. Total deposits of all
operating banks at the end of 1955 were $221 billion. The increase
during 1955 was 4.4 percent. As in the case of assets, this was smaller
than the rate of growth of the previous year, but a little above the
average annual growth since 1946.
Variation in the annual change in deposits is similar to that in bank
assets. During the past nine years the annual change in deposits has
ranged from a decrease of 0.4 percent in 1948 to an increase of 6.6 percent
in 1950. During the period of similar length two decades earlier, the
range was from a decrease of 14.8 percent in 1931 to an increase of 18.0
percent in 1934.
As in the case of assets, deposits in recent years have been subject
to substantial shrinkage during the first half of each year. All the annual
growth, including an offset to the first-half decrease, has taken place
during the second half of the year. Again, as in the case of assets, the
differences between the first and second halves of the year are generally
greater than those of two decades ago. Table 23 shows the annual and
half-year changes for each of the years from 1947 to 1955 and from
1927 to 1935.



32

FED ER AL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

Table 23.

P e r c e n t a g e C h a n g e s in D e p o s i t s o f A l l B a n k s in t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) ,
Y e a r s a n d H a l f - Y e a r s , 1927-1935 a n d 1947-1955
1927-1935

1947-1955
Year

Year
Full
year

First
half

3.9%

1955..
1954..
1953..
1952..
1951..
1950..
1949..
1948..
1947..

-

4.4
5.0

Average1

1.8 %

-

2.8
5.3
6.0

6.6
2.0
-.4
3.8

1.1
0.8
-3 .3
-.9
- 2.0
-.4
-3 .0
-3 .4
- 1.6

Second
half

Full
year

5.8% Average
5.5
5.8
6.3

6.2
8.1
7.0
5.1
3.1
5.5

1935..
1934..
1933..
1932..
1931..
1930..
1929..
1928..
1927..

First
half

Second
half

1.6 %

- 1. 1%

.6 %
11.1
18.0
-8 .2
-7 .3
-14 .8
-2 .9
-2 .7
6.7
5.6

2.9
10.2
-9 .5
-8 .3
-2 .0
-.1
-5 .7
0.1
2.2

8.0
7.1
1.4
1.0
-13.0
-2 .9
3.3
6.4
3.3

1 Average (arithmetic mean) of the rates for the respective years or half-years.

Components of bank deposits and their annual growth rates.
At the end of 1955, 85 percent of bank deposits were in categories classi­
fied as business and personal, with the remainder divided about equally
between government and interbank deposits. These proportions do
not change much from year to year. Nevertheless, there are differences
from year to year in the annual rates of change in the various types
of deposits. Such variations are shown in Table 24. In the case of business
and personal demand deposits the range was from a decrease of 3 percent
in 1948 to an increase of 10 percent in 1950.
Table 24.

D i s t r i b u t i o n o f D e p o s i t s o f A l l B a n k s in t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) ,
D e c e m b e r 31, 1946 a n d 1955, a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955
Business and personal
Date or period

Total

Government

Demand1

Time and
savings

States
and sub­
divisions

United
States

Inter­
bank2

A m ou n t (in m illions):
Dec. 31, 1955.........................
Dec. 31, 1946.........................

$221,392
156,751

$113,357
83,672

$74,444
50,283

$12,769
6,895

$4,129
3,163

$16,693
12,738

Percent of total deposits:
Dec. 81, 1955.........................
Dec. 31, 1946.........................

100.0%
100.0

51.2%
53.4

33.6%
32.1

5 .8%
4.4

1 .9 %
2.0

7 .5%
8.1

Percentage change:
1947-1955 average*..............
1955................................
1954................................
1953................................
1952................................
1951................................
1950................................
1949................................
1948................................
1947................................

3.9
4.4
5.0
2.8
5.3
6.0
6.6
2.0
-.4
3.8

3.4
5.9
3.5
.3
2.9
6.3
9.8
.6
-2 .9
5.1

4.5
4.8
7.1
7.2
7.7
4.1
1.4
2.0
1.7
4.3

7.1
2.5
7.0
9.0
5.8
5.8
6.6
4.6
9.9
13.0

3.0
-10.3
1.3
-15.1
44.5
21.0
-7 .8
31.9
64.0
-51.5

* Includes certified checks, letters of credit, etc.
* Includes postal savings deposits, and for 1946 a small amount of unclassified deposits.
* Average annual rate of change computed by using compound interest formula.




3.2
-1 .0
5.3
4.1
1.6
7.6
10.5
3.6
-5 .8
2.5

BANK

D EP O SITS

33

Importance of deposit growth. Bank assets and bank deposits
are both closely related to the economic life of the nation. The loans
and investments of banks provide nearly one-third of the funds borrowed
by enterprises, individuals, and governments. But, whereas this loaning
function of banks is shared with many other institutions, the deposit
function of banks is almost unique. This is because bank deposits are
used as circulating medium and comprise about seven-eighths of the
money supply used by enterprises and individuals in making payments.
Changes in the aggregate amount of bank deposits owned by enter­
prises and individuals are rather closely related to changes in their
expenditures for the goods and services which make up the aggregate
output of the economy. If, for example, the aggregate amount of deposits
is reduced, people can continue their former rate of spending only by
changing their habits regarding the amount of deposits they hold relative
to their expenditures. Such habits change slowly. Consequently, main­
tenance of growth in bank deposits is an essential ingredient of national
economic policy directed toward the maintenance of prosperity and a
growing economy. However, the rate of growth must be kept at a reason­
able rate, for a rapid increase in the circulating medium opens the door
to price inflation and its disturbances to the economy.
Deposits of insured and noninsured commercial and mutual
savings banks. Bank deposits are distributed among insured and
noninsured commercial and mutual savings banks in the same manner
as assets. Table 25 gives the amounts of the principal categories of deposits
held by each of these groups of banks. Percentage changes during the
year 1955 and for the nine-year period from the end of 1946 to the end
of 1955 are also shown in the table.
Both in 1955 and for the period since 1946 the deposits in mutual
savings banks increased more rapidly than those in commercial banks.
Deposits of mutual savings banks are almost entirely savings accounts,
and the growth in such deposits was substantially greater, percentage­
wise, than that of time and savings deposits in commercial banks.
Bank

C a p it a l

Growth in capital accounts. In most recent years, capital accounts
of banks have increased more rapidly than either bank assets or bank
deposits, thus resulting in gradually rising ratios of capital accounts to
assets and deposits. Table 26 shows the percentage changes in the banks’
total capital accounts in 1955 and the average annual change since 1946
for insured and noninsured commercial and mutual savings banks.
Ratios of total capital accounts to assets and to deposits, as of the end
of the year, for 1946 and for 1954 and 1955 are also given for each group
of banks.



34

FEDERAL

D EP O SIT

IN S U R A N C E

C O R PO R A T IO N

Table 25.
and

D e p o s it s o f A l l B a n k s i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S.
O t h e r A r e a s ), B y T y p e a n d I n s u r a n c e S t a t u s o f B a n k s , D e c e m b e r 31, 1955,
a n d P e r c e n t a g e C h a n g e s D u r i n g 1955 a n d F r o m 1946 t o 1955

Deposits or
percentage change

A m ou n t (in m illion s):
Total deposits..................................
Business and personal:
Demand........................................
Time and savings.......................
States and subdivisions................
United States Government.........
Interbank.........................................
Total demand deposits...................
Total time deposits..........................

Non­
insured
com­
mercial
banks

Insured
com­
mercial
banks

All
banks

Insured
mutual
savings
banks

Non­
insured
mutual
savings
banks

$221,392

$190,989

$2,216

$21,237

$6,950

113,357
74,444
12,769
4,129
16,693
11*2,561*
78,828

112,214
45,891
12,505
4,066
16,313
11*1,037
1*9,952

1,097
440
242
60
377
1 ,1*71
71*5

45
21,168
19
2
3
53
21,18 1
*

1
6,945
3
1

4.4 %

4 .2 %

-6 .2 %

6.8 %

7 .4%

3
6,91*7

Percentage change during 1955:
T otal deposits...................................
Business and personal:
Demand........................................
Time and savings.......................
States and subdivisions...............
United States Government.........
Interbank.........................................

5.9
4.8
2.5
-10.3
-1 .0

Percentage change Dec. 31, 1946
to Dec. 31, 1955
T otal deposits..................................
Business and personal:
Demand.......................................
Time and savings.......................
States and subdivisions................
United States Government.........
Interbank.........................................

41.2%

39.4%

-2 2 .3 %

35.5
48.0
85.2
30.5
31.1

36.4
40.1
88.5
33.5
32.4

-21.4
-34.4
-6 .8
-47.7
-8 .4

333.3
85.5
908.7
46.6
309.7

-39.0
27.7
573.5
115.6
64.7

Number of banks, Dec. 31, 1955. . . .

14,284

13,237

519

220

308

2.9
-6 .3
-3 .2
-16.2
-14.5

6.0
3.6
2.6
-10.2
-.4

-.5
6.8
2.4
-10.1
-3 .0

85.8%

6.8
7.4
-3 .1
-.3
-34.9

27.7%

Detailed data: See Table 105, pp. 124-125.

Table 26.

T o t a l C a p it a l A c c o u n t s of A l l B a n k s in t h e U n it e d S t a t e s
( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), B y T y p e a n d I n s u r a n c e S t a t u s
o f B a n k s , D e c e m b e r 31, 1946 a n d 1955, A v e r a g e A n n u a l P e r c e n t a g e
C h a n g e , 1947-1955, a n d R a t i o s t o A s s e t s a n d D e p o s it s , 1946, 1954, a n d 1955

Date or period

All
banks

Insured
commercial
banks

Noninsured
commercial
banks and
trust
companies

Insured
mutual
savings
banks

Noninsured
mutual
savings
banks

A m ou n t (in m illion s):
Dec. 31, 1955............................
Dec. 31, 1946............................

$18,210
11,345

$15,009
9,288

$389
273

$2,006
1,173

$806
611

Percentage change:
In 1955.......................................
1947-1955 average1..................

4 .9 %
5.4

5 .1 %
5.5

- .7 %
4.6

4 .5 %
6.2

4 .2 %
3.1

Ratio total capital accounts
to assets
Dec. 31, 1955............................
Dec. 31, 1954............................
Dec. 31, 1946............................

7.5
7.5
6.7

7.2
7.1
6.3

14.5
13.9
8.6

8.6
8.7
9.3

10.3
10.6
10.1

Ratio total capital accounts
to deposits
Dec. 31, 1955............................
Dec. 31, 1954............................
Dec. 31, 1946............................

8.2
8.2
7.2

7.9
7.8
6.8

17.6
16.6
9.6

9.4
9.7
10.3

11.6
12.0
11.2

1 Average annual rate of change computed by using compound interest formula.




BANK

35

C A P IT A L

The ratios of the capital accounts of the banks to their assets and
deposits are now substantially lower than they were two decades earlier.
These ratios for all operating banks are shown in Chart C, for each year
from 1926 to 1935 and from 1946 to 1955.
C h art C .

C a p it a l R

a t io s

of

A l l O p e r a t in g B a n k s ,

Income

of

Insured

1926-1935

and

1946-1955

B anks

Sources and disposition o f bank incom e. The total income of
insured commercial banks in 1955 was about 3 percent larger than in
1954, and about twice as large as in 1947. The total income of insured
mutual savings banks was 5 percent larger in 1955 than in the preceding
year, and somewhat less than twice as large as in 1947. The sources of
income, for insured commercial banks and for insured mutual savings
banks, and the uses made of this income are shown in Table 27. Com­
parisons are also made with the preceding year and with 1947.
Growth o f bank incom e, 1947 to 1955. In Chart D, the growth in
bank income for the 1947-1955 period, for insured commercial banks
and for insured mutual savings banks, is compared with the increase in
the assets of the banks. This chart is on a ratio scale. On this kind of
a chart, the same percentage change is shown by the same slope of the
lines, even though there may be a great difference in the magnitudes
of the amounts plotted. The rate of growth of income of insured com­
mercial banks, it will be noted, was considerably greater than the in­
crease in bank assets; but the growth of income of insured mutual savings
banks has been at about the same rate as the increase in assets.



36

FED ERAL
T a b le

D EP O S IT IN S U R A N C E

CO R PO R A T IO N

27.

S o u r c e s a n d D i s p o s it io n o f T o t a l I n c o m e ,
I n s u r e d B a n k s in t h e U n it e d St a t e s
( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1947, 1954, a n d 1955
Amounts (in millions)

Item

Percent of total,
1955*

Insured mutual
savings banks1

Insured commercial
banks

Com­
mercial
banks

Mutual
savings
banks

1955

T otal in co m e..........................
Sources
Loans......................................
U . S. Government obli­
gations ................................
Other securities....................
Service charges on deposits.
Other current income*........
Recoveries, etc.4..................
Disposition
Salaries and wages..............
Interest and dividends on
deposits..............................
Other current expenses*. . .
Charge-offs, etc.6.................
Income taxes6.......................
Dividends to stockholders7.
Additions to capital ac­
counts .................................

1954

1947

$6,617

$6,405

$3,360

$846

$781

$475

3,697

3,263

1,282

536

454

153

55.9

63.3

1,334
351
340
656
240

1,273
325
312
601
631

1,080
179
148
409
262

151
99

156
96

185
24

17.8
11.7

28
33

28
47

13
100

20.2
5.3
5.1
9.9
3.6

1,896

1,762

947

75

71

45

28.7

8.9

678
1,386
707
794
566

618
1,258
553
907
517

298
737
295
302
315

536
83
56
9

466
83
51
11

181
49
112
6

10.2
20.9
10.7
12.0
8.6

63.4
9.8
6.6
1.1

590

790

466

87

99

82

8.9

10.3

1955

1954

1947

100.0%

100.0%

3.3
3.9

Note: Due to rounding differences, components may not add precisely to the totals.
1 Because of changes in 1951 in the method of reporting, data for 1954 and 1955 are not strictly
comparable with those for 1947 nor with those for commercial banks.
2 Percentages are computed from unrounded data.
*
For mutual savings banks in 1954 and 1955 includes amounts classified as “ nonrecurring” income
or expenses.
4 Recoveries from assets previously charged off except those credited to valuation reserve accounts,
profits on assets sold, and transfers from valuation reserve accounts.
6 Losses and other charge-offs except those charged to valuation reserve accounts, and transfers
to valuation reserve accounts.
6 For mutual savings banks, includes franchise taxes computed on an income basis.
7 Includes interest on capital notes and debentures.

C h art




D.

A ssets
M

and

utual

I ncom e, I nsured

Sa v in g s B a n k s ,

C o m m e r c ia l

1947-1955

and

IN C O M E

OF

IN S U R E D

37

BANKS

Chart E, also on a ratio scale, compares for the two groups of insured
banks the change in holdings of the two major categories of assets,
loans and securities, with the income from those assets. Income from
loans, in the case of insured commercial banks, increased relatively
more than the amount of loans held; while in the case of insured mutual
savings banks, the income from loans increased less rapidly than the
amount of loans. The amounts of securities held by both groups of banks
remained comparatively steady during the nine-year period; the income
from them increased relative to the amounts held, especially for the
insured commercial banks after 1951 and for the insured mutual savings
banks in 1955.
Chart E.

L o a n s a n d S e c u r i t i e s a n d In c o m e f r o m
I n s u r e d B a n k s , 1947-1955

Them ,

Operating earnings and expenses, insured com m ercial banks,
1947 to 1955. In 1955, as in other years, income from loans and securities
constituted about four-fifths of the current income of the insured com­
mercial banks. Their remaining income consists of such items as service
charges on deposits, trust department earnings, and fees from mis­
cellaneous services.
Current operating expenses of insured commercial banks are about
two-thirds of current operating earnings. This proportion has remained
comparatively steady throughout the 1947-1955 period. Salaries and
wages constitute about half the current operating expenses of insured
commercial banks. Other operating expenses include interest paid on
time and savings deposits, interest and discount on borrowed money,
fees to directors and members of committees, taxes other than on net
income, rents, recurring depreciation on banking house and equipment,
and various other items not specified in the reports. Of the total spent



38

FEDERAL

D EP O S IT

IN S U R A N C E

C O R PO R A T IO N

for these various types of expense, interest on time deposits constitutes
about a sixth of total current operating expenses; this is about a tenth
of current operating earnings.
Operating earnings and expenses, and interest and dividends
on deposits, insured mutual savings banks, 1947 to 1955. Nearly
all of the income of insured mutual savings banks is derived from loans
and securities. On the expense side, savings banks do not have the
clerical cost of handling checking accounts, as their business is confined
almost entirely to the handling of savings accounts, and amounts paid
to depositors as interest or dividends are not included in current operating
expenses. For these reasons, the current operating expenses of mutual
savings banks, consisting of salaries and wages and miscellaneous ex­
penses, absorb a much smaller part of current operating earnings than
in the case of commercial banks. For insured mutual savings banks,
current operating expenses in 1955 were less than one-fifth of current
operating earnings.
Because the type of operations of savings banks permits smaller
expenses relative to deposits than in the case of commercial banks, and
because in mutual banks the depositors are also the owners, the mutual
savings banks are able to use a larger part of their current operating
earnings for dividends on deposits than the commercial banks use for
interest on deposits. In 1955, the dividends on deposits of insured mutual
savings banks amounted approximately to two-thirds of their current
operating earnings. This proportion has increased in recent years, having
risen from about half of current operating earnings in 1947.
Rates of income. Table 28 shows for each year from 1947 to 1955
the average rate of income on loans, on United States Government
obligations, and on other securities, by insured commercial banks and
by insured mutual savings banks.
T able 28.

A verage R

ates

of

I ncom e, I nsured B a n k s,

Insured commercial banks
Year
On loans

1955.....................
1954.....................
1953.....................
1952.....................
1951.....................
1950.....................
1949.....................
1948.....................
1947.....................

4.88%
4.79
4.84
4.64
4.45
4.34
4.22
4.04
3.79

On U . S.
Government
obligations

2.09%
1.98
1.98
1.80
1.65
1.59
1.61
1.57
1.54

1947-1955

Insured mutual savings banks

On
other
securities

2.15%
2.14
2.11
2.04
1.99
2.04
2.15
2.14
2.16

On loans1

4.25%
4.15
4.12
4.09
4.14
4.35
4.37
4.43
4.51

On U . S.
Government
obligations

2.51%
2.31
2.49
2.43
2.35
2.35
2.33
2.29
2.28

On
other
securities

3.30%
3.19
3.16
3.05
2.98
2.95
3.00
3.00
2.99

1 Because of changes in 1951 in the method of reporting by insured mutual savings banks, data
for 1951-1955 are not strictly comparable with those for previous years nor with those for insured com­
mercial banks.




IN C O M E

OF

IN S U R E D

BANKS

39

Insured commercial banks have had a rise in the rate of income on
loans during each of the past nine years, except for a slight decline in
1954. For the period as a whole the rise has been substantial; in 1955
the insured commercial banks received over a fourth more income for
each $100 of loans than they did in 1947. Rates of income received by
the insured commercial banks on their holdings of United States Govern­
ment obligations have also increased in most of the years during this
period, and in 1955 were more than a third higher than in 1947. In con­
trast, there was a relatively small change in the rate of income on other
securities, the 1955 figure being about the same as that in 1947, with
lower rates for all of the intervening years.
In 1955, and during the preceding four years, the average rate of
income on loans received by insured mutual savings banks was lower
than that of insured commercial banks. For the years from 1947 to 1950
the average rate of income on loans received by insured mutual savings
banks had been higher than that of insured commercial banks. For the
nine-year period as a whole, the insured mutual savings banks did not
experience, as did the insured commercial banks, an increase in the rate
of income from loans. This is due primarily to differences in the major
types of loans held. The bulk of the loans of insured mutual savings
banks are loans secured by real estate mortgages. The largest segment
of the loans of insured commercial banks is the industrial and commercial
group, on which interest rates have been rising; and another segment,
that of instalment loans to individuals, on which rates of interest are
generally higher than on other types of loans, has been increasing in
relative importance.
Expense ratios. Expense ratios of insured commercial banks, like
their rates of income, increased steadily during the nine-year period
from 1947 to 1955, whether measured in relation to the amount of assets
of the banks or in relation to the amount of their deposits. Bank expenses
are incurred in part in the handling of assets, but the major part of the
cost of operations of commercial banks is incurred in the handling of
deposit accounts. In Table 29, which gives the more important expense
ratios, the expenses are related to deposits.
In 1955 total operating expenses of the insured commercial banks
amounted to $2.14 for each $100 of deposits, compared with $2.06 the
previous year and $1.44 in 1947. Very close to half of these amounts, in
each of the years, was wages and salaries. Interest paid on time and sav­
ings deposits rose from 0.87 percent in 1947 to 1.38 percent in 1955; and
income from service charges on demand deposits from 0.14 percent to
0.25 percent.
Expense ratios for insured mutual savings banks, which are also given
in Table 29, are likewise related to deposits. The operating expenses of



40

FEDERAL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

mutual savings banks represent the cost to their depositor-owners of
having funds invested for them under the conditions prescribed by law
for such banks. In 1955 total operating expenses of insured mutual
savings banks amounted to $0.77 for each $100 deposits. This is about
two-fifths of the corresponding ratio for insured commercial banks,
reflecting primarily the absence of costs of handling checking accounts.
Salaries and wages, as in the commercial banks, accounted for nearly
half of total current operating expenses. It may be noted that in the
insured mutual savings banks salaries and wages, and also total current
operating expenses, were no higher relative to deposits than in 1947.
Table 29.

E x p e n s e R a t io s

I n t e r e s t P a id

and

Insured B a n k s,

Insured commercial banks

Year

Total
current
operating
expenses
to total
deposits1

1955...........
1954...........
1953...........
1952...........
1951...........
1950...........
1949...........
1948...........
1947...........

2.14%
2.06
1.98
1.84
1.74
1.67
1.63
1.55
1.44

Salaries
and wages
to total
deposits

1.03%
1.00
.97
.91
.87
.82
.79
.75
.69

Service
charges
on
demand
deposits

0.25%
.24
.21
.20
.20
.19
.19
.17
.14

on

D

e p o s it s ,

1947-1955
Insured mutual savings banks

Interest
on time
and
savings
deposits

1.38%
1.32
1.24
1.15
1.03
.94
.91
.90
.87

Total
current
operating
expenses
to total
deposits1

0.77%
.78
.79
.87
.88
.82
.79
.80
.79

Salaries
and wages
to total
deposits

0.36%
.36
.37
.37
.37
.39
.39
.39
.38

Dividends
on time
and
savings
deposits

2.61%
2.37
2.35
2.27
1.88
1.84
1.79
1.57
1.53

1 For insured commercial banks includes interest on time and savings deposits, which is about
one-sixth of total current operating expenses; for insured mutual savings banks excludes dividends on
time and savings deposits and includes amounts reported for 1951-1955 as “ nonrecurring expenses” .
Because of changes in 1951 in the method of reporting by insured mutual savings banks, data for 19511955 are not strictly comparable with those for previous years nor with those for insured commercial
banks.

The average rate of dividends on time and savings deposits paid by
insured mutual savings banks has increased steadily during the nineyear period, rising from 1.53 percent in 1947 to 2.61 percent in 1955.
These rates throughout the period have been nearly twice the average
rate of interest paid on time and savings deposits by insured commercial
banks.
Allowance for losses and gains on assets disposed of or revalued.
Banks make provision for losses on assets by direct charge-offs or by
transferring earnings to valuation reserve accounts; and on the income
side, recapture some of the values previously charged off and obtain
profits on assets sold at prices higher than they had been carried on
their books.
Allowance for losses by insured commercial banks, through direct
charge-offs and transfers to reserve accounts, was more than a fourth



IN C O M E

OF

IN SU R ED

41

BANKS

larger in 1955 than in the previous year; and was equal to 0.35 percent
of the amount of assets held, or to 0.44 percent of such assets excluding
cash and due from banks. The amounts for the two years, and the portion
which related to loans and securities, respectively, are shown in Table
30, with similar data for 1948, the earliest year for which information
is available in the same detail. The same table also shows the amounts
of gains taken into the banks’ income accounts from profits on assets
sold, recoveries on assets previously charged off, and transfers from
reserve accounts. In 1955, as in most previous years but in contrast with
1954, the amounts taken into the income accounts from these sources
were less than the allowance for losses. In 1954 profits on securities sold
had been unusually large.
Table 30.
or

G a in s a n d A l l o w a n c e f o r L o sses
R e v a l u e d , I n s u r e d C o m m e r c ia l B a n k s ,
(In millions of dollars)
Gains or cancellation of
loss allowance

Year

Net gains
( + ) or
loss
allowance
(-)

Total

Re­
coveries
and
profits1

on

A ssets D

1948, 1954,

is p o s e d

and

of

1955

Allowance for losses

Transfers
from
reserve
accounts

Total

| Losses
9
and
I charge|
offs*

Transfers
to
reserve
accounts

On all assets
1955.....................
1954.....................
1948.....................

$-468
+79
-219

$240
631
266

<
*>
(3
)
(«)

(»)
(*)
(•)

$707
553
486

(»)
(*)
(*)

(*)

On loans
1955.....................
1954.....................
1948.....................

-253
-160
-222

78
92
89

$ 27
34
40

$51
58
49

332
252
311

$ 28
29
32

$304
223
279

On securities
1955...... ..............
1954.....................
1948.....................

-171
+299
-66

118
492
113

78
431
89

40
61
24

289
193
120

221
67
79

67
126
41

On other assets
1955.....................
1954.....................
1948.....................

-43
-60
+9

44
48
64

(*)
(*)
(3
)

(*)
(«)
(»)

87
107
55

(•)
(*)
(*)

(■)
(«)
(*)

(»)

Note: Due to rounding differences, components may not add precisely to the totals.
1
Recoveries from assets previously charged off excluding those credited to reserve accounts (see
Table 31), and profits on assets sold. For securities, profits on sales were as follows: 1955, $57 million;
1954, $417 million; and 1948, $60 million.
* Excluding those charged to reserve accounts (see Table 31).
* Not reported separately.

The net additions to reserve accounts by insured commercial banks
brought the amounts of such reserves against loans and securities to
1.67 and 0.30 percent, respectively, of the amounts of such assets held.
The amounts of such reserves, and the changes in them, for each year
from 1948 to 1955, are shown in Table 31.
Insured mutual savings banks also make provision for losses through
charge-offs and transfers of earnings to other accounts, but the accounting
and reporting procedures used are not identical with those used by



42

FEDERAL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

commercial banks. In 1955, the allowance for losses of the insured mutual
savings banks was equal to 0.25 percent of total assets. Their net addi­
tions to valuation reserves brought the amount of such reserves against
loans and securities to 1.34 percent and 1.04 percent, respectively, of
the amounts of such assets held.
Table 31.

R e s e r v e s fo r L o sse s on L o a n s a n d o n Se c u r it ie s ,
I n s u r e d C o m m e r c ia l B a n k s i n t h e U n i t e d S t a t e s
( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1948-1955
(Amounts in millions of dollars)
Changes reported

Year

Amount of
reserves
end of
year

Computed
net change
during
year1

Net
transfers
from
earnings2

Net losses
charged to
reserve
accounts3

On loans
1955........................
1954........................
1953........................
1952........................
1951........................
1950.......................
1949........................
1948.......................

$1,268
1,072
964
906
818
674
549
410

$ 196
108
58
87
145
125
139
(5
)

$253
165
114
127
176
161
193
230

$49
49
56
33
36
34
53
36

On securities
1955........................
1954........................
1953........................
1952........................
1951........................
1950........................
1949........................
1948.......................

239
277
235
243
254
250
238
233

-38
43
-8
-11
-4
+ 12
-5
(5
)

27
66
27
9
19
16
6
17

65
13
36
21
15
3
4
11

Ratio of
reserves to
loans or
securities4

1.67%
1.57
1.48
1.51
1.50
1.46
1.32
1.03
.30
.35
.31
.33
.35
.33
.33
.32

Note: Due to rounding differences, components may not add precisely to the totals.
1 Difference from amount of reserves reported for end of the preceding year. Differs in some years
from change reported for the year because of banks ceasing operations and not submitting earnings
reports, or because of other adjustments.
2 Transfers to reserve accounts in excess of transfers from reserve accounts.
8 Losses charged to reserve accounts in excess of recoveries credited to reserve accounts.
4 Based on averages of loans or securities at beginning, middle, and end of year.
6 Not available.

Profits o f insured com m ercial banks. Net profits of insured
commercial banks, both before and after income taxes, were less in 1955
than in the previous year. This was due to the unusually large profits
in 1954 on sales of securities. For the six years previous to 1955 the
profits before income taxes of insured commercial banks rose at a much
faster rate than the assets of the banks, as is indicated by the differences
in the slopes of the lines on the left side of Chart F.
In 1955, as in 1954, income taxes took about 41 percent of the net
profits of the insured commercial banks before such taxes, in comparison
with 43 percent in 1953. From 1947 to 1953, the rise in the profits of
the banks before income taxes was accompanied by a relatively larger
portion absorbed by income taxes, as is shown in Table 32. Consequently,
profits after income taxes rose much less rapidly than profits before
income taxes.



IN C O M E

OF

IN S U R ED

BANKS

43

Chart F.

A s s e t s , C a p i t a l , a n d N e t P r o f it s ,
I n s u r e d C o m m e r c ia l B a n k s , 1947-1955

Table 32.

D i s p o s it io n o f N e t P r o f it s , I n s u r e d C o m m e r c i a l B a n k s in
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1947-1955

Year

1955
1954
1953...........
1952...........
1951...........
1950...........
1949...........
1 9 4 8 ......
1947...........

Net
profits
before
income
taxes
(millions)

$1,950
2,215
1,812
1,685
1,468
1,365
1,157
1,021
1,084

Proportion
absorbed
by taxes
on net
income

40.7%
41.0
43.4
41.2
38.1
31.3
28.1
27.0
27.9

Net
profits
^after
income
taxes
(millions)

$1,156
1,307
1,026
990
908
937
831
745
781

Proportion used for—

Dividends1

49.0%
39.6
46.2
44.6
46.1
41.8
42.6
44.5
40.3

Additions
to capital
accounts
51.0%
60.4
53.8
55.4
53.9
58.2
57.4
55.5
59.7

th e

Ratios to total
capital accounts
Net profits
after in­
come taxes
7.9%
9.5
7.9
8.1
7.8
8.5
8.0
7.5
8.2

Dividends

3.9 %
3.8
3.7
3.6
3.6
3.6
3.4
3.3
3.3

^Including dividends on preferred stock and interest on capital notes and debentures.

In the majority of recent years, net profits after taxes of insured
commercial banks have increased less rapidly than the total capital
accounts of the banks, as may be seen from the slopes of the lines on
the right-hand side of Chart F. The conspicuous exception to this was
in 1954, when the profits on securities sold resulted in a very large amount
of profits, even after payment of income taxes.
The use which the insured commercial banks made of their net profits
after taxes, that is, the amounts of dividends to stockholders and of
additions to capital accounts, are also shown in Table 32 for each year
from 1947 to 1955. In 1955 almost half of the net profits after taxes were
disbursed to stockholders, a larger proportion than in any other year
during this period.



44

FEDERAL

D E P O S IT

IN SU R A N C E

C O R PO R A T IO N

Additions to surplus by insured m utual savings banks. Additions
to surplus by insured mutual savings banks, representing the excess of
income from all sources over operating expenses, dividends to depositors,
provision for losses, and taxes, were somewhat less in 1955 than in 1954.
The amounts for the two years are shown in the table on sources and
disposition of income on page 36.




PART THREE
DEPOSIT ACCOUNTS AND INSURANCE COVERAGE







S p e c ia l C a l l s

for

D e p o s it I n f o r m a t io n

The Federal Deposit Insurance Corporation requested a report from
each insured bank on its deposits as of September 21, 1955. The purpose
of this request was to assist the Corporation in estimating its contingent
liability in insuring bank deposits. Such requests have been made at
intervals of from two to four years, the last being in 1951.
Each insured bank was asked to report the number of its deposit
accounts and the amount of deposits in those accounts, with accounts
grouped by size. Four size groupings for accounts were used: $10,000
or less; $10,000 to $25,000; $25,000 to $100,000; and more than $100,000.
Banks were also asked to report these data for each of several types of
accounts: savings and time deposits of individuals, partnerships, and
corporations; demand deposits of individuals, partnerships, and corpo­
rations; United States Government deposits; State and local government
deposits; interbank deposits; uninvested trust funds; drafts; and other
items.
The special report requested information on some types of bank
obligations which are not regularly included in deposits as reported in
the statements of assets and liabilities called “ reports of condition” .
The important differences are reciprocal demand balances with other
banks, trust funds redeposited in other banks, and certain outstanding
drafts. Because of these differences the total amount of deposits reported
by banks for the special call exceeds by approximately one percent the
total amount of deposits which banks would have reported on the same
date had they been asked to submit reports of condition. The form and
instructions used by the banks are shown on pages 59-61.
Estimation of insured deposits. Insured deposits are estimated
from the special reports by summing the deposits in all accounts of
$10,000 or less and adding to this an amount equal to $10,000 for each
account with a balance containing more than $10,000. This procedure
yields an estimate for insured deposits which, in most banks, is some­
what different from the amount of deposits for which the Corporation
would be responsible, under the law, if the bank should fail.
The Federal Deposit Insurance Act provides insurance protection
for each depositor to a maximum of $10,000 on deposits maintained by
him in the same right and capacity, after allowing for any applicable
offsets. If a depositor maintains several deposits in the same right and
capacity in the same insured bank, such as a checking account and a
savings account, these deposits would be combined in determining what
amount shall be paid to the depositor by the Corporation if the bank




47

48

FEDERAL

D EP O SIT

IN S U R A N C E

C O R PO R A T IO N

were closed for liquidation. However, if the depositor maintains deposits
in different rights or capacities, they are separately insured up to the
$10,000 maximum in each right or capacity in which the funds are
maintained. For example, if a county tax collector maintains in a custodial
capacity deposits owned by several public units, the deposits of each
public unit would be insured up to $10,000. Banks were not asked either
to combine or to separate accounts for each of their depositors, nor were
they asked to consider any possible offsets. However, it is believed that
there is only a small difference between the amount of insured deposits
estimated from these reports and the amount for which the Corporation
would be responsible in the event of failure of an insured bank.
Because the large majority of accounts are of small size it is probable
that there is little difference between the proportion of accounts with
balances of $10,000 or less (referred to as “ fully protected” ) and the
proportion of depositors fully insured by the Corporation. However,
the number of bank accounts as reported in these special calls is sub­
stantially larger than the actual number of bank depositors.
A ccounts an d

D e p o s it s , A l l

In su red

B a n k s, Septem ber

21, 1955

On September 21, 1955, the 13,498 banks insured by the Federal
Deposit Insurance Corporation reported 130 million deposit accounts
and total deposits of $203 billion. More than 98 percent of the deposit
accounts had balances of $10,000 or less and were thus tabulated as
fully protected by deposit insurance, while the remaining accounts,
with balances in excess of $10,000, were protected up to the insurance
maximum. Insured deposits on the survey date totaled $112 billion,
or slightly over 55 percent of all deposits in insured banks. Table 33
shows accounts fully protected and deposits insured.
Table 33.

A ccounts

and

D

e p o s it s ,

A ll I n su r e d B a n k s , Se p te m b e r

Number or amount
Item

21, 1955

Percent of total

All
insured
banks

Commer­
cial
banks

Mutual
savings
banks

N um ber of accounts (in th o u ­
sands)— to ta l....................................

129,713

114,568

15,145

100.0%

100.0%

Fully protected (balances of
$10,000 or less)..........................
Partially protected
(balances
of more than $10,000)..............

127,427

112,551

14,876

98.2

98.2

98.2

2,286

2,017

269

1.8

1.8

1.8

A m ou n t of deposits (in millions)
— to ta l.................................................

$202,787

$181,849

$20,938

100.0%

100.0%

100.0%

Insured.............................................
Uninsured........................................

111,754
91,033

91,463
90,386

20,291
647

55.1
44.9

50.3
49.7

96.9
3.1

Number of banks...................................

13,498

13,278

220




All
insured
banks

Commer­
cial
banks

Mutual
savings
banks

100.0%

A C C O U N T S A N D D EP O SITS, A L L IN S U R E D B A N K S , S E P T E M B E R

21, 1955

49

Extent of deposit insurance. The results of the 1955 survey exhibit
a characteristic of deposit insurance which has been observed in every
special call since 1934, namely, that almost all deposit accounts are fully
protected in all sizes and types of banks, but the proportions of deposits
insured differ markedly among banks. This is simply a reflection of the
fact that there are relatively few accounts with very large deposit
balances, and such accounts are located in the larger banks. The similari­
ties and differences in insurance coverage for banks of various size groups
are evident from Chart G, which shows that banks in both the smallest
and largest size groups have more than 98 percent of their accounts
fully protected, but that the percentage of deposits insured in small banks
is substantially higher than the percentage of deposits insured in large
banks.
C h art G .

P r o p o r t io n o f A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d ,
A l l I n s u r e d B a n k s , b y S i z e o f B a n k , S e p t e m b e r 21, 1955

The influence of large banks on the data is apparent even when banks
are grouped other ways than by size. Examination of the detailed statistics
in Tables 35 and 36 will show, for example, that banks in major cities
tend to have a smaller proportion of their deposits insured than banks in
smaller population centers, and that the same is true of banks which are
members of the Federal Reserve System when compared with those not
members of the System. Yet no matter how the banks are grouped, the



50

FEDERAL

D EP O SIT

IN SU R A N C E

C O R PO R A T IO N

proportion of accounts fully protected remains high. Even in those banks
with such large accounts that a small percentage of their deposits are
insured, accounts with balances of $10,000 or less comprise 90 percent
of all accounts.
Mutual savings banks have a much larger proportion of their deposits
insured than do commercial banks. Also, there is no significant difference
among the proportions of deposits insured when mutual savings banks
are grouped by size. These banks, regardless of size, hold almost entirely
savings and time accounts, and many of them are not permitted by
State law to receive deposits in excess of $10,000 from a depositor.
Chart H.

P r o p o r t io n o f A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d ,
A l l I n s u r e d B a n k s , b y T y p e o f A c c o u n t , S e p t e m b e r 21, 1955

____ IT
100

ACCOUNTS FULLY PROTECTED
75

SO

DEPOSITS INSURED

25

75

PE,CElo l

SAVINGS AND TIM E*

DEMAND*

INTERBANK

U.S. GOVERNMENT
( S T A T E AND POLITICAL
SUBDIVISION

C
UNINVESTED TRUST
FUNDS
D RAFTS

OTHER ITEMS
100

*
PERCENT
"Of INDIVIDUALS. PARTNERSHIPS. AND CORPORATIONS

There is considerable range in the proportions of accounts fully pro­
tected and of deposits insured when these data are shown by type of
account. This is illustrated by Chart H, which shows, for example, that
less than one-third of the interbank accounts and less than three-fourths
of the government accounts are fully insured. This compares with account
coverage of from 95 to 99 percent for other types of accounts. The
range is even greater for the proportion of deposits insured in the various
types of accounts. Ninety percent of savings and time deposits are in­
sured but for no other type of account is more than half the deposits
insured. Indeed, the estimates indicate that less than seven percent of



A C C O U N T S A N D D EP O SITS, A L L IN S U R E D B A N K S , S E P T E M B E R

21, 1955

51

the deposits in interbank accounts and only five percent of United States
Government deposits are protected by insurance. However, it should
be remembered that government deposits are usually protected by
surety bonds or by pledge of securities, in addition to deposit insurance.
Concentration o f risk to the Corporation. The fact that a rela­
tively small number of banks holds a large proportion of all deposits
means that the risk to the Corporation as an insurer of bank deposits is
concentrated in certain groups of banks. Such concentrations differ in
degree and significance. Four distributions of insured deposits shown
by the recent survey are illustrated in Chart I.
The degree of concentration of insured deposits, when banks are
grouped by size, is indicated by the fact that more than 45 percent of
these deposits were in only two percent of the banks. Indeed, the six
banks falling in the largest size category, which constituted less than
one-twentieth of 1 percent of all insured banks, held insured deposits
amounting to about $9 billion; this was more than five times the amount
in the Corporation’s deposit insurance fund.
Another type of concentration may be observed when the insured
banks are grouped according to the Federal supervisory authorities to
which they are accountable. Banks that are members of the Federal
Reserve System, which are examined by representatives of the Comp­
troller of the Currency or the Federal Reserve banks, constitute slightly
less than half of all insured banks. On the report date these banks held
about two-thirds of the insured deposits. Thus, although the Federal
Deposit Insurance Corporation regularly examines the majority of
insured banks, the greater proportion of the deposits it insures is in those
banks not usually subject to its examination.
The distribution of insured banks and insured deposits by location
provides additional illustrations of the concentration of insured deposits.
As would be anticipated from knowledge of the size distribution of banks,
data secured from the 1955 survey show that insured deposits are con­
centrated in large cities. Cities with 100,000 population or more serve as
the headquarters for less than 8 percent of all insured banks, but these
banks hold well over half of the insured deposits. In fact, $18 billion of
insured deposits, or about 16 percent of the total, were located in the
banks in New York City.
The concentration of insured deposits in large cities is reflected in the
distribution of insured deposits among States. Banks in 16 States in
the northeast and north central sections of the country held almost
two-thirds of all insured deposits on the report date, but these banks
constitute less than half of all insured banks. By way of contrast, insured
banks in an equal number of States in the south and southwest had less



52

FEDERAL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

than a fifth of the insured deposits, though they comprise one-third
of all insured banks.
C h art I.

Se le c te d P e r c e n t a g e D
and

i s t r i b u t io n s o f

I n su r e d B a n k s , Se p t e m b e r

PERCENT OF ALL INSURED DEPOSITS

7 0 --------------------------------------------------------------

I nsured D

e p o s it s

21, 1955

( j j j j PERCENTj jOF ALL
jjjjj

INSUREO BANKS

---------------------------------------------------- 70
POPULATION OF CENTER

L E S S TH A N
5 ,0 0 0

STATES

CLASS OF BANK




SAVIN G S

1 0 0 .0 0 0
OR MORE

-------------------------------------7
0

7 0-----------------------------------------------

M E M B E R S F .R .S .

5,000 TO
100.000

SOUTH AND
M E M B ER S F.R.S. SOUTHWEST
(16 S T A T E S . 0 . 0

W EST AND
NORTHWEST
(16 S T A T E S )

NORTHEAST AND
NORTH C E N T R A L
(16 S T A T E S )

A C C O U N T S A N D D EP O SITS, A L L IN S U R E D B A N K S , S E P T E M B E R

21, 1955

53

The risks of the Corporation are not always in direct proportion to
the amount of insured deposits. Banks with a large proportion of their
deposits uninsured generally hold large amounts of interbank deposits:
a receivership of such a bank will cause difficulties in other banks and
thus is likely to result in more loss to the Corporation than failure of a
smaller bank with the same amount of insured deposits. Consequently,
the distribution of total deposits in insured banks has an important
bearing on the potential liability and risk of the Corporation. Total
deposits are more highly concentrated than insured deposits in the large
banks, in banks in large cities, and in the banks which are not regularly
examined by the Corporation.
Fully protected accounts and insured deposits with higher
maximum insurance limits. From time to time inquiries are made
about account and deposit protection which would prevail under higher
coverage limits for each depositor. The reports for September 21, 1955,
provided an opportunity to secure such information for assumed coverage
limits of $25,000 and of $100,000. Of course, if either coverage had
actually been in effect on the report date the distribution of deposits
might have been different, but there is no evidence that this seriously
distorts the estimates. Chart J shows the proportion of accounts fully
protected and of deposits insured under the three coverage limits.
C h art J.
A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d w i t h M
C o v e r a g e f o r E a c h D e p o s it o r o f $10,000, $25,000, a n d $100,000,
A l l I n s u r e d B a n k s , S e p t e m b e r 21, 1955

DEPOSITS INSURED

ACCOUNTS FULLY PROTECTED

PR ESEN T
COVERAGE
OF $10 ,0 0 0

WITH
COVERAGE
OF $ 2 5 ,0 0 0




PRESENT
COVERAGE
OF $ 10,000

WITH
COVERAGE
OF $ 2 5 ,0 0 0

WITH
COVERAGE
OF $ 100,000

a x im u m

54

FEDERAL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

Under the insurance limit of $10,000 only about two million of the
130 million accounts in all insured banks, or 1.8 percent, were not fully
protected by insurance. Thus higher maximum insurance coverage could
not have much effect on the proportion of accounts now completely in­
sured. If insurance coverage had been $25,000 for each depositor an
additional million and a half accounts would have been fully protected,
raising the proportion of fully protected accounts from the present 98.2
percent to 99.5 percent. Had the maximum for each depositor been
$100,000 on the report date, still another half million accounts would
have been completely covered, leaving only one-tenth of 1 percent of
all accounts not fully protected by insurance.
A higher maximum coverage for each depositor would have more effect
on the proportion of deposits insured than on the proportion of accounts
fully protected. Whereas about 55 percent of total deposits were insured
on the report date under the present limitation, this proportion would
have been about 64 percent under $25,000 coverage and 75 percent
under $100,000 coverage; the total of insured deposits would have been
$128.8 billion and $152.6 billion respectively.
C h a n g e s in A c c o u n t s a n d D e p o s it s in I n s u r e d B a n k s ,
S p e c ia l C a l l D a t e s ,

1934-1955

The call of September 21, 1955, was the eighth request for special
reports on deposits from all insured banks. The first such request was
made as of October 1, 1934, at which time banks combined accounts
to show the number of depositors and their deposit balances. Subsequent
requests, beginning in 1936, asked only for the number of accounts and
the deposits in those accounts. Table 34 summarizes the data secured
from the eight special calls.
Accounts in insured banks, 1936-1955. The number of bank
accounts reported as of the most recent special call date was more than
twice the number reported on the special call of 1936. Fully protected
accounts, i.e., accounts with balances not exceeding the insurance maxi­
mum, have increased by almost the same extent between these two dates,
so that the percentage of accounts fully protected in 1955 was only
slightly lower than the comparable percentage in 1936. However, the
number of fully protected accounts has increased relatively less than
the number of all accounts during each of the periods between special
call dates, except from 1949 to 1951. The 1950 statutory increase in
maximum insurance coverage for each depositor from $5,000 to $10,000
brought enough additional accounts into the fully protected category
to bring account protection in 1951 slightly above the 1936 percentage.



CHANGES

IN

Table 34.

Date

ACCOUNTS

D EP O S ITS

A c c o u n t s a n d D e p o s it s
S p e c ia l C a l l D a t e s ,

Number
of
banks

Number of accounts
(in thousands)
Total

Sept. 21, 1955____
Sept. 19, 1951____
Sept. 2 0 ,1 9 4 9 .. . .
Oct. 10, 1945.........
Sept. 2 4 ,1 9 4 1 ____
Sept. 21, 1938____
May 13, 1936____
Oct. 1, 1934...........

AND

13,498
13,652
13,631
13,481
13,487
13,754
14,148
14,128

129,713
111,608
104,003
92,333
69,495
62,731
58,785
51,246i

Fully
protected
127,427
109,938
99,564
88,988
68,165
61,690
57,817
50,423i

in

IN

IN S U R ED

55

BANKS

A ll I nsu red B a n k s ,

1934-1955

Amount of deposits
(in millions)
Total

$202,787
170,499
152,667
140,603
69,566
49,224
46,168
37,026

Insured

$111,754
92,531
74,533
65,859
27,639
22,610
20,456
16,455i

Proportion of—
Accounts
fully
protected
98.2%
98.5
95.7
96.4
98.1
98.3
98.4
98.4i

Deposits
insured

55.1%
54.3
48.8
46.8
39.7
45.9
44.3
44.41

Note: Maximum insurance coverage for each depositor was $10,000 on the 1951 and 1955 dates;
on previous dates coverage was limited to $5,000 for each depositor.
1
Not strictly comparable with data for later years because accounts belonging to the same depositor
were combined.

The decline in the proportion of accounts fully protected, except when
coverage for each depositor was changed in 1950, is a consequence of
deposits increasing faster than the number of accounts. This has resulted
in the number of accounts larger than the insurance maximum rising
at a faster rate than the total number of accounts.
The different rates of increase of accounts and deposits are reflected
in changes in the average size of account, as shown in Chart K. It will
be observed that during the late 1930’s and the years embracing World
War II deposits grew so much more rapidly than the number of accounts
that the average size of account approximately doubled. By 1945 it
reached $1,500 and has since remained at about that level.
The relative stability in size of account since 1945 has been due to
offsetting changes in the sizes of the two types of individual, partnership,
and corporation accounts, which together comprise more than 90 percent
of all bank accounts. As shown in Chart K, demand accounts of indi­
viduals, partnerships, and corporations have declined slightly in average
size since 1945, whereas the average size of savings and time accounts
has continued to increase.
Chart K also shows that the number of accounts has grown more rapidly
than has the population. Whereas there were only 45 bank accounts
for each one hundred population in 1936 the number has gone up on
each special call date and on September 21, 1955, was equal to 77 ac­
counts. This growing utilization of banking services is a consequence
of the economic prosperity which has characterized much of the period
since 1936, and also is due to successful efforts by banks to make an
increasing variety of deposit facilities available to the public. In addition,
it may reflect efforts of depositors to give themselves more insurance
protection by dividing what would otherwise be single accounts into
two or more accounts and distributing them among two or more banks.



56

Chart K.

FEDERAL
A ccounts

in

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

A l l I n s u r e d B a n k s , S p e c ia l C a l l D

ates,

1936-1955

Deposits in insured banks, 1934-1955. Deposits in insured banks
on the 1955 special call date were more than five times the amount
reported for the first special call in 1934. The relative increase in insured
deposits between the first and most recent call dates has been even
greater, so that the percentage of deposits insured in 1955 was sub­
stantially above that which prevailed at the beginning of deposit in­
surance. The factor which was most influential in raising the proportion
of deposits insured to its present level was the statutory increase in
coverage for each depositor in 1950. The percentage of deposits insured
rose from about 49 percent to 54 percent between the 1949 and 1951
special call dates, although data available from the 1951 special call
revealed that the percentage of deposits insured would have declined
between 1949 and 1951 had insurance coverage remained at the old
level. Table 34 shows changes in the amount of insured deposits and in
the percentage of deposits insured.
During the four years since the 1951 special call there has been a
slight increase in the proportion of deposits insured. This is explained
by the fact that demand deposits (of individuals, partnerships, and
corporations) in accounts of $10,000 or less grew more rapidly than
those in larger-sized demand accounts, resulting in an increase in the
proportion of demand deposits insured. This was more than sufficient
to offset a decline in the proportion of savings and time deposits insured.



CHANGES

IN

ACCOUNTS

AND

D EP O S ITS

IN

IN S U R E D

BANKS

57

The very considerable growth in deposits, coupled with the decline
in the number of insured banks since 1934, has resulted in a large shift
in the distribution of insured banks by size, as measured by the amount
of their deposits. For example, in 1934 more than 75 percent of the
banks participating in Federal deposit insurance had less than $1 million
of deposits; in 1955 only 14 percent were in that size category. Chart L
illustrates the changes which have occurred in the distribution of in­
sured deposits by size of bank.
C h art

L.

I nsured D

e p o s it s ,

S p e c ia l C a l l D

ates,

1934-1955

As banks increase in size they tend to hold larger amounts of unin­
sured balances. Thus another consequence of the change in the size
distribution of insured banks is seen when banks are grouped by the
percent of their deposits insured. In 1955, with $10,000 coverage for
each depositor, there were about 2,700 banks with 90 percent or more
of their deposits insured, whereas there were more than 5,000 such banks
in 1936 when the coverage limit was only $5,000 for each depositor.
D e t a il e d

S t a t is t ic s

Data reported by insured banks for the special call provide information
that is not available elsewhere. For those interested in more detailed
information than has been presented in the preceding pages, these data
are presented in tables to follow by type of account; and for all accounts



58

FEDERAL

D EP O S IT

IN SU R A N C E

C O R PO R A T IO N

with the banks grouped by State, by class, by size, by population of
center in which located, and by percent of deposits insured.
For detailed statistics on insured deposits and fully protected accounts,
the reader should consult Tables 35-36 or Tables 51-53. The first set of
tables contains such information for all insured banks combined. The
data and banks are grouped in the ways previously described and, in
addition, there is a special grouping of banks by cities with more than
500,000 population. The second set of tables (51-53) contains somewhat
similar information (except for the special groupings of banks by major
cities) for insured commercial banks and for insured mutual savings
banks. In addition, Tables 51-53 provide information on accounts which
would be fully protected and deposits which would be insured under
maximum coverage of $25,000 and $100,000 for each depositor.
Tables 37-50 contain the basic data from which computations of
insured deposits and fully protected accounts were made. Each such
table relates either to insured commercial banks or to insured mutual
savings banks, and shows, for various groupings of banks, the distribu­
tion of accounts or deposits as reported on the survey date.




IN S T R U C TIO N S

FOR

P R E P A R A T IO N

OF

SUM M ARY

O F D EP O SITS

59

INSTRUCTIONS FOR PREPARATION OF SUMMARY OF DEPOSITS,
FORM 89—CALL NO. 7
AT THE CLOSE OF BUSINESS ON SEPTEMBER 21, 1955

G e n e r a l I n s t r u c t io n s

Each bank operating a branch or branches is requested to submit only one
report, a consolidated report for the bank as a whole including deposits of all domestic
branches and of those branches in Puerto Rico, the deposits of which are accorded
insurance coverage. Do not include interbranch deposits (amounts due to branches
and head office) in making this consolidated report.
An entry should be made in every space on the form . Where there are no
figures to report, the word “ None” must be written or stamped.
N

umber

of

A ccounts

and

A mount

of

D

e p o s it s

All deposit liabilities of the bank—with certain exceptions noted for items 7 and
8 below—should be included at items 1 through 8 of this statement even though
some of these deposits may be: (a) permissible exclusions or deductions for assessment
purposes in preparing Certified Statements; or, (b) excluded from deposits for Report
of Condition purposes. For the purpose of this report include commercial, checking,
savings, time, thrift accounts, certificates of deposit, officers’ or cashiers’ checks,
travelers’ checks, certified checks, outstanding drafts, letters of credit, and trust
funds held in the trust department or on deposit in any other department of the
bank or redeposited in other banks.
The deposit classifications correspond with the usual ledger and condition report
items, with the exception o f:
Item 6, “ Trust funds,” which is found only in banks having trust powers and
which is computed from the records of the trust department. The item “ Trust
funds” means all trust funds (principal and/or income cash) retained in cash
in the trust department, or deposited in the commercial or savings department
of the bank, or deposited in any other bank, and trust department checks out­
standing. Do not deduct overdrafts, if any, unless such overdrafts may legally
be offset by a cash balance in a related trust department account. Each trust
department account reflecting trust funds (principal and/or income cash, in­
cluding cash deposited in savings and checking accounts), as shown in the records
of the trust department, should be reported as a separate account;
Item 7, “ Outstanding bank drafts,” which is to be determined by the bank
as of September 21, 1955. Include outstanding drafts drawn on a correspondent
or a Federal Reserve bank, other than those issued for purposes of the bank’ s
own transactions (i.e., for transfer of funds from one correspondent bank to
another, payment of expense items, or purchase of securities for the bank’s own
portfolio); and
Item 8, “ All other deposits,” which will include letters of credit issued for
cash; bank money orders; certified and travelers’ checks outstanding; officers’
checks outstanding other than those issued for purposes of the bank’s own trans­
actions; and amounts due to Federal Reserve bank (transit account) represented
by authorizations (other than outstanding drafts) to charge the reporting bank’s
clearing balance or reserve account.



60

FEDERAL

D EP O S IT

IN S U R A N C E

CO R PO R A T IO N

Report in the column “ Amount of deposits” the bank’s deposit liabilities, by type
of deposit and size of account. Show in the column “ Number of accounts” the number
of accounts corresponding to these deposits. The entire amount of an account should
be included under the appropriate subitem. For example, the entire $17,493.65 of
an account of $17,493.65 should be placed in subitem (g) headed “ $10,000.01 to
$25,000.00.” Do not enter $10,000.00 in subitem (f) headed “ $10,000.00 or less”
and $7,493.65 in subitem (g) headed “ $10,000.01 to $25,000.00.” Only those ac­
counts the entire balance of which does not exceed $10,000.00 should be included in
subitem (f) headed “ $10,000.00 or less.”
For the purposes of this report, kindly note that:
Accounts should not be combined. Each account standing to the credit of
a depositor, whether or not in the same capacity and the same right, should be
considered a separate account. The number of accounts reported should agree
with the number of accounts on the books of the bank. If school savings are
carried as one account, one account should be reported; if school savings ac­
counts are entered individually the total number of such accounts should be
reported.
Each dormant and inactive account should be reported as a separate account.
Report as a separate account each outstanding certificate of deposit, letter
of credit sold for cash, outstanding draft, certified and officer’s check. However,
all travelers’ checks outstanding in the same name should be combined and
reported as one account.




IN S T R U C T IO N S

FOR

FDIC Form 89— Call No. 7

P R E P A R A T IO N

OF

SUM M ARY

OF

61

D EP O S ITS

O R IG IN A L — Return this copy to
Federal Deposit Insurance Corporation

Please read carefully the accompanying “ Instructions for the Preparation o f Summary o f Deposits, F o r a 89— Call No. 7”
fo r an explanation o f bank deposits for the purpose o f this report.
Include at items 1 through 8 o f this report all deposit liabilities o f the bank even though some o f these deposits may be:
(a ) permissible exclusions or deductions fo r assessment purposes in preparing Certified Statements; or, (b ) excluded from de­
posits fo r Report o f Condition purposes.

SUMMARY OF DEPOSITS OF_________________________________________________________________________
(Legal title o f bank)

o f__________________________________ . _________________ . A T THE C L O SE O F BUSINESS O N SEPTEMBER 21, 1*55.
(C ity) (P . 0 . Zone N o.)

(State)

F D IC Certificate No.____________________
TYPE OF DEPOSIT

SIZE OF ACCOUNT

$10,000.00 or less .........
1. Demand deposits of individuals, partnerships, and
corporations (exclude trust funds of own trust
department)

trust department)

3. Deposits of TJ. S. Government (indude postal
savings)

$10,000,00 or less, .
$10,000.01 to $25,000.00....
$25,000.01 to $100,000.00$100,000.01 or more..........
Total..................................

5. Deposits of domestic and foreign banks (include
amounts “ due to other banks” without deduction
of any amounts “ due from other banks” —exdude
amounts due to own branches or head office)
6. Trust funds as recorded in own trust department
(i.e., all trust funds held in cash in the trust de>
partment, deposited in own banking department,
or deposited in other banks)

AMOUNT OF DEPOSITS

DOLLARS

CTS.

f

a ...............

$10,000.01 to $25,000.00— h
$25,000.01 to $100,000.00.,
$100,000.01 or more......... d
Total.......................... ...... e

$10,000.00 or loss ...........
4. Deposits of States and political subdivisions

n

$10,000.01 to $25,000.00.. h
$25,000.01 to $100,000.00- c ............. ........ ............
$100,000.01 or more.......... d
e
$10,000.00 or less

2. Savings and time deposits of individuals, partner­
ships, and corporations (exclude trust funds of own

NUMBER OF ACCOUNTS

g ......................

h
i
j
f
b
i
j
f

h
c ........ ................................
d
e

a

$10,000.01 to $25,000.00— b
$25,000.01 to $100,000.00..
$100,000.01 or more_____ d
Total.................................. e
a
$10,000.00 or less

, ,

h
i
j
f

,
h
i
j
f

z

$10,000.01 to $25,000.00— h
_
$25,000.01 to $100,000.00- o.____ ____ _ _
$100,000.01 or more..... .. d
Total............................ — e
$10,000.00 or less._______ a
$10,000.01 to $25,000.00— h

h
i
j
t
g„

___

h
i

$25,000.01 to $100,000.00..
$100,000.01 or more.......... d
Total........................... ...... e

j
f

........ z

7. Outstanding bank drafts

$10,000.00 or less. ........... a ..............................
$10,000.01 to $25,000.00.... h .............. .......
$25,000.01 to $100,000.00..
$100,000.01 or more......... d
e
$intftnn no « r

............ ...

8. All other deposits

n,
$10,000.01 to $25,000.00— h
$25,000.01 to $100,000.00..
$100,000.01 or more— ..... d
Total................................. e

9. Total deposits (total of items 1 through 8)

$10,000.00 or less._______
$10,000.01 to $25,000.00— h
$25,000.01 to $100,000.00..
$100,000.01 or more......... d
Total........ ........................ e

h
i
i
f
h
i
i
f
--------- _
i
j

The above statement is correct to the best of my knowledge and belief.




(Name and title of officer)
(Signature o f above officer)

D

e t a il e d

Table 35.

T

ables:

D

is t r ib u t io n o f

A ccounts F u lly

and

A

ccounts a n d

P a r t ia l l y P ro tec ted

and

D

D

e p o s it s ,

e p o s it s

A ll I nsur ed B a n k s

I n su r e d , Septem ber

21, 1955

B AN KS GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Percent of
accounts

Number of accounts
Number
of
banks

Insured
Total

Fully
Partially
Fully
protected1 protected2 protected

Partially
protected

Total

Total
insured

In fully
protected
accounts

Insured

Not
insured

44.9%

T otal United States. . .

13,498 129,713,038 127,427,379

2,285,659

98.2%

1.8% $202,786,895 $111,754,737 $88,898,147 $22,856,590 $91,032,158

55.1%

C ontinental U. S . . . .

13,476 129,308,717 127,027,264

2,281,453

98.2

1.8

202,395,427

111,534,451

88,719,921

22,814,530

90,860,976

55.1

44.9

404,321

400,115

4,206

99.0

1.0

391,468

220,286

178,226

42,060

171,182

56.3

43.7

FDIC District
District 1 ....................
District 2 ....................
District 3 ....................
District 4 ....................
District 5 ....................
District 6 ....................
District 7 ....................
District 8 .....................
District 9 .............. ..
District 1 0 ..................
District 1 1 ..................
District 1 2 ..................

485
997
1,451
1,032
1,008
1,456
1,438
1,526
1,100
1,464
1,131
410

6,715,508
27,870,287
16,560,448
9,018,193
5,920,887
7,254,895
11,224,631
9,415,914
3,861,903
4,840,495
7,676,684
19,353,193

6,610,695
27,298,283
16,294,178
8,897,700
5,821,763
7,135,364
11,052,193
9,214,790
3,799,698
4,747,323
7,525,466
19,029,926

104,813
572,004
266,270
120,493
99,124
119,531
172,438
201,124
62,205
93,172
151,218
323,267

98.4
97.9
98.4
98.7
98.3
98.4
98.5
97.9
98.4
98.1
98.0
98.3

1.6
2.1
1.6
1.3
1.7
1.6
1.5
2.1
1.6
1.9
2.0
1.7

9,347,380
58,539,299
23,474,592
10,563,808
7,751,722
10,305,655
15,171,515
17,349,769
5,429,420
7,369,967
12,581,596
24,902,172

4,944,949
31,355,400
13,389,874
6,055,186
4,364,880
5,565,702
9,264,667
8,847,966
3,550,121
4,135,873
6,045,340
14,234,779

3,896,819
25,635,360
10,727,174
4,850,256
3,373,640
4,370,392
7,540,287
6,836,726
2,928,071
3,204,153
4,533,160
11,002,109

1,048,130
5,720,040
2,662,700
1,204,930
991,240
1,195,310
1,724,380
2,011,240
622,050
931,720
1,512,180
3,232,670

4,402,431
27,183,899
10,084,718
4,508,622
3,386,842
4,739,953
5,906,848
8,501,803
1,879,299
3,234,094
6,536,256
10,667,393

52.9
53.6
57.0
57.3
56.3
54.0
61.1
51.0
65.4
56.1
48.0
57.2

47.1
46.4
43.0
42.7
43.7
46.0
38.9
49.0
34.6
43.9
52.0
42.8

State
Alabama......................
Arizona........................
Arkansas......................
California....................
Colorado......................

238
10
228
144
154

1,395,869
510,446
799,148
14,842,251
981,785

1,376,414
500,809
786,440
14,600,109
960,919

19,455
9,637
12,708
242,142
20,866

98.6
98.1
98.4
98.4
97.9

1.4
1.9
1.6
1.6
2.1

1,573,648
703,751
931,759
18,648,234
1,611,677

919,550
415,981
598,886
10,308,578
888,165

725,000
319,611
471,806
7,887,158
679,505

194,550
96,370
127,080
2,421,420
208,660

654,098
287,770
332,873
8,339,656
723,512

58.4
59.1
64.3
55.3
55.1

41.6
40.9
35.7
44.7
44.9

Connecticut................
Delaware.....................
District of Columbia.
Florida.........................
Georgia........................

94
31
17
229
348

1,560,028
341,499
715,407
1,895,602
1,745,442

1,534,319
334,724
701,008
1,854,701
1,719,200

25,709
6,775
14,399
40,901
26,242

98.4
98.0
98.0
97.8
98.5

1.6
2.0
2.0
2.2
1.5

2,176,464
586,197
1,356,583
3,006,933
2,251,014

1,227,181
280,301
617,976
1,672,852
1,168,102

970,091
212,551
473,986
1,263,842
905,682

257,090
67,750
143,990
409,010
262,420

949,283
305,896
738,607
1,334,081
1,082,912

56.4
47.8
45.6
55.6
51.9

43.6
52.2
54.4
44.4
48.1

Idaho............................
Illinois..........................
Indiana........................
Iowa. ...........................
Kansas.........................

36
908
470
618
501

385,549
7,413,248
2,992,533
2,002,666
1,349,015

377,443
7,244,856
2,945,400
1,969,934
1,324,319

8,106
168,392
47,133
32,732
24,696

97.9
97.7
98.4
98.4
98.2

2.1
2.3
1.6
1.6
1.8

526,833
14,758,045
4,019,751
2,591,724
1,888,074

365,876
7,086,680
2,464,460
1,761,286
1,149,042

284,816
5,402,760
1,993,130
1,433,966
902,082

81,060
1,683,920
471,330
327,320
246,960

160,957
7,671,365
1,555,291
830,438
739,032

69.4
48.0
61.3
68.0
60.9

30.6
52.0
38.7
32.0
39.1




CO R P O R A TIO N

22

INSURANCE

Other areas...................

DEPOSIT

Uninsured
In partially in partially
protected
protected
accounts
accounts

FEDERAL

FDIC District and State

Percent of
total deposits

Deposits (in thousands)

1.4
1.6
1.0
1.4
1.9

1,725,908
2,389,408
585,030
2,421,569
4,680,475

1,077,703
1,089,013
418,355
1,494,922
1,934,372

867,833
823,223
346,875
1,209,672
1,440,052

209,870
265,790
71,480
285,250
494,320

648,205
1,300,395
166,675
926,647
2,746,103

62.4
45.6
71.5
61.7
41.3

37.6
54.4
28.5
38.3
58.7

Michigan.....................
Minnesota...................
Mississippi..................
Missouri......................
Montana.....................

418
668
193
585
112

5,401,735
2,568,218
883,974
3,110,054
428,801

5,317,607
2,531,654
871,448
3,053,709
418,437

84,128
36,564
12,526
56,345
10,364

98.4
98.6
98.6
98.2
97.6

1.6
1.4
1.4
1.8
2.4

7,454,166
3,624,453
920,127
5,217,740
677,152

4,396,557
2,231,754
604,376
2,564,184
443,597

3,555,277
1,866,114
479,116
2,000,734
339,957

841,280
365,640
125,260
563,450
103,640

3,057,609
1,392,699
315,751
2,653,556
233,555

59.0
61.6
65.7
49.1
65.5

41.0
38.4
34.3
50.9
34.5

Nebraska.....................
Nevada........................
New Hampshire. . . .
New Jersey.................
New Mexico...............

380
8
75
318
52

938,124
197,134
476,133
5,860,656
359,369

919,075
192,813
468,662
5,781,581
353,097

19,049
4,321
7,471
79,075
6,272

98.0
97.8
98.4
98.6
98.3

2.0
2.2
1.6
1.4
1.7

1,459,409
300,638
515,983
6,705,185
492,106

884,838
173,230
392,426
4,735,593
275,328

694,348
130,020
317,716
3,944,843
212,608

190,490
43,210
74,710
790,750
62,720

574,571
127,408
123,557
1,969,592
216,778

60.6
57.6
76.1
70.6
55.9

39.4
42.4
23.9
29.4
44.1

New Y ork...................
North Carolina..........
N orth Dakota............
Ohio..............................
Oklahoma...................

639
219
149
625
376

21,397,664
1,796,390
398,460
6,916,357
1,361,535

20,913,663
1,771,625
391,323
6,806,442
1,337,991

484,001
24,765
7,137
109,915
23,544

97.7
98.6
98.2
98.4
98.3

2.3
1.4
1.8
1.6
1.7

51,036,166
2,282,941
528,118
9,836,418
2,092,682

26,221,184
1,159,230
421,051
5,480,482
1,013,795

21,381,174
911,580
349,681
4,381,332
778,355

4,840,010
247,650
71,370
1,099,150
235,440

24,814,982
1,123,711
107,067
4,355,936
1,078,887

51.4
50.8
79.7
55.7
48.4

48.6
49.2
20.3
44.3
51.6

Oregon.........................
Pennsylvania..............
Rhode Island.............
South Carolina..........
South Dakota............

49
826
13
142
171

1,224,663
9,644,091
902,645
785,878
466,424

1,199,950
9,487,736
892,268
774,937
458,284

24,713
156,355
10,377
10,941
8,140

98.0
98.4
98.9
98.6
98.3

2.0
1.6
1.1
1.4
1.7

1,821,514
13,638,174
972,421
865,996
599,697

1,172,656
7,909,392
618,609
505,972
453,719

925,526
6,345,842
514,839
396,562
372,319

247,130
1,563,550
103,770
109,410
81,400

648,858
5,728,782
353,812
360,024
145,978

64.4
58.0
63.6
58.4
75.7

35.6
42.0
36.4
41.6
24.3

Tennessee....................
Texas............................
U tah.............................
Vermont......................
Virginia.......................

291
895
54
70
318

1,879,361
5,151,119
551,410
488,452
2,503,443

1,849,870
5,042,389
543,054
483,776
2,473,840

29,491
108,730
8,356
4,676
29,603

98.4
97.9
98.5
99.0
98.8

1.6
2.1
1.5
1.0
1.2

2,430,248
8,996,331
769,351
417,007
2,569,002

1,324,929
4,265,018
420,805
354,006
1,583,642

1,030,019
3,177,718
337,245
307,246
1,287,612

294,910
1,087,300
83,560
46,760
296,030

1,105,319
4,731,313
348,546
63,001
985,360

54.5
47.4
54.7
84.9
61.6

45.5
52.6
45.3
15.1
38.4

Washington................
West Virginia............
Wisconsin....................
Wyoming....................

106
178
550
53

2,018,333
1,131,469
2,830,363
210,036

1,984,757
1,119,209
2,789,186
205,019

33,576
12,260
41,177
5,017

98.3
98.9
98.5
97.6

1.7
1.1
1.5
2.4

2,655,885
1,067,717
3,697,598
318,125

1,691,670
693,444
2,403,650
200,033

1,355,910
570,844
1,991,880
149,863

335,760
122,600
411,770
50,170

964,215
374,273
1,293,948
118,092

63.7
64.9
65.0
62.9

36.3
35.1
35.0
37.1




BANKS

1 Accounts with balances of $10,000 or less.
2 Accounts with balances of more than $10,000.

INSURED

98.6
98.4
99.0
98.6
98.1

ALL

20,987
26,579
7,148
28,525
49,432

O
F

1,445,345
1,629,171
685,753
2,057,081
2,545,917

DEPOSITS

1,466,332
1,655,750
692,901
2,085,606
2,595,349

AND

352
174
62
158
171

ACCOUNTS

Kentucky....................
Louisiana....................
Maine...........................
Maryland....................
Massachusetts...........

O

CO

Table 36.

A

ccounts

F ully

and

P a r t ia l l y P ro tec ted

and

D

e p o s it s

I n s u r e d , A ll I n su r e d B a n k s , Se p t e m b e r 21,

1955

B AN KS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Percent of
accounts

Number of accounts
Classification

Number
of
banks

Total

Percent of
total deposits

Deposits (in thousands)
Insured

Insured

Not
insured

98.2%

1.8% $202,786,895 $111,754,737 $88,898,147 $22,856,590 $91,032,158

55.1%

44.9%

Partially
pro­
tected

Total

Total
insured

In fully
protected
accounts

8,861
195,003
1,455,817
4,804,971
14,397,121

39
1,257
12,918
54,383
186,783

99.6
99.4
99.1
98.9
98.7

.4
.6
.9
1.1
1.3

4,678
124,579
1,148,624
4,323,163
13,994,529

4,296
112,761
1,009,435
3,637,019
11,141,550

3,906
100,191
880,255
3,093,189
9,273,720

390
12,570
129,180
543,830
1,867,830

382
11,818
139,189
686,144
2,852,979

91.8
90.5
87.9
84.1
79.6

8.2
9.5
12.1
15.9
20.4

2,099
1,338
444
222
163

14,504,595
18,447,653
11,526,496
10,236,590
14,661,302

14,307,652
18,182,439
11,329,501
10,048,944
14,377,865

196,943
265,214
196,995
187,646
283,437

98.6
98.6
98.3
98.2
98.1

1.4
1.4
1.7
1.8
1.9

14,764,901
20,395,957
15,259,025
15,584,569
25,651,254

10,901,505
13,980,844
9,614,907
8,987,605
13,911,979

8,932,075
11,328,704
7,644,957
7,111,145
11,077,609

1,969,430
2,652,140
1,969,950
1,876,460
2,834,370

3,863,396
6,415,113
5,644,118
6,596,964
11,739,275

73.8
68.5
63.0
57.7
54.2

26.2
31.5
37.0
42.3
45.8

$250,000,000 to $500,000,000. ..
$500,000,000 to $1,000,000,000. .
$1,000,000,000 to $2,500,000,000
$2,500,000,000 or more................

70
29
12
6

11,994,792
8,142,074
5,910,245
13,172,138

11,724,725
7,924,243
5,737,369
12,932,868

270,067
217,831
172,876
239,270

97.7
97.3
97.1
98.2

2.3
2.7
2.9
1.8

24,703,972
19,798,359
20,157,866
26,875,419

12,988,251
9,764,532
6,621,442
9,078,611

10,287,581
7,586,222
4,892,682
6,685,911

2,700,670
2,178,310
1,728,760
2,392,700

11,715,721
10,033,827
13,536,424
17,796,808

52.6
49.3
32.8
33.8

47.4
50.7
67.2
66.2

Banks in centers with popu­
lation in 1950 of—
Less than 250 ..................................
250 to 500........................................
500 to 1,000.....................................
1,000 to 2,500.................................
2,500 to 5,000.................................

540
1,245
2,101
2,952
1,732

598,519
1,586,095
3,623,013
8,128,618
7,214,038

590,828
1,567,879
3,578,505
8,023,405
7,115,220

7,691
18,216
44,508
105,213
98,818

98.7
98.9
98.8
98.7
98.6

1.3
1.1
1.2
1.3
1.4

671,068
1,478,747
3,453,680
7,945,092
7,330,076

499,149
1,270,122
2,898,193
6,450,773
5,591,968

422,239
1,087,962
2,453,113
5,398,643
4,603,788

76,910
182,160
445,080
1,052,130
988,180

171,919
208,625
555,487
1,494,319
1,738,108

74.4
85.9
83.9
81.2
76.3

25.6
14.1
16.1
18.8
23.7

5,000 to 10,000...............................
10,000 to 25,000.............................
25,000 to 50,000.............................
50,000 to 100,000...........................
100,000 to 250,000.........................

1,579
1,285
630
409
375

9,604,872
12,858,483
10,170,413
9,149,837
12,128,543

9,473,920
12,672,373
10,015,823
9,006,093
11,920,457

130,952
186,110
154,590
143,744
208,086

98.6
98.6
98.5
98.4
98.3

1.4
1.4
1.5
1.6
1.7

9,923,701
14,150,383
11,985,066
11,735,541
18,424,248

7,284,739
9,729,738
7,880,298
6,970,365
9,481,480

5,975,219
7,868,638
6,334,398
5,532,925
7,400,620

1,309,520
1,861,100
1,545,900
1,437,440
2,080,860

2,638,962
4,420,645
4,104,768
4,765,176
8,942,768

73.4
68.8
65.8
59.4
51.5

26.6
31.2
34.2
40.6
48.5

250,000 to 500,000.........................
500,000 to 1,000,000.....................
1,000,000 to 2,500,000.................
2,500,000 or more..........................

230
203
45
172

10,183,909
21,945,992
6,462,619
16,058,087

9,981,197
21,553,606
6,319,611
15,608,462

202,712
392,386
143,008
449,625

98.0
98.2
97.8
97.2

2.0
1.8
2.2
2.8

18,365,633
34,692,345
12,520,197
50,111,118

8,939,067
16,742,313
6,005,953
22,010,579

6,911,947
12,818,453
4,575,873
17,514,329

2,027,120
3,923,860
1,430,080
4,496,250

9,426,566
17,950,032
6,514,244
28,100,539

48.7
48.3
48.0
43.9

51.3
51.7
52.0
56.1

U20
99
73
22
15
8
16

U A 66,698
12,824,640
3,233,447
2,548,340
2,057,120
1,857,159
1,103,370

48,W , 679
12,473,052
3,135,410
2,492,027
2,008,992
1,818,592
1,085,934

985,019
351,588
98,037
56,313
48,128
38,567
17,436

97.8
97.3
97.0
97.8
97.7
97.9
98.4

2.2
2.7
3.0
2.2
2.3
2.1
1.6

97,823,657
40,441,834
9,669,282
4,912,313
3,880,422
3,727,461
1,517,504

U ,7 5 8 ,8 U
18,442,428
3,568,151
2,396,354
1,814,486
1,795,113
843,637

SA,908,65b
14,926,548
2,587,781
1,833,224
1,333,206
1,409,443
669,277

9,850,190
3,515,880
980,370
563,130
481,280
385,670
174,360

52,56k, 818
21,999,406
6,101,131
2,515,959
2,065,936
1,932,348
673,867

U6.0
45.6
36.9
48.8
46.8
48.2
55.6

5U.0
54.4
63.1
51.2
53.2
51.8
44.4

$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 $250,000,000. ..

Banks in cities with 'population
of 500,000 or more.............
New York................................
Chicago....................................
Philadelphia............................
Los Angeles.............................
Detroit......................................
for FRASER
Baltimore.................................

Digitized


CO R PO R ATIO N

8,900
196,260
1,468,735
4,859,354
14,583,904

25
314
1,490
2,944
4,342

INSURANCE

2,285,659

Banks with deposits of—
Less than $250,000........................
$250,000 to $500,000....................
$500,000 to $1,000,000................
$1,000,000 to $2,000,000.............
$2,000,000 to $5,000,000.............

DEPOSIT

13,498 129,713,038 127,427,379

All insured b an k s.......................

FEDERAL

Uninsured
In partially in partially
protected
protected
accounts
accounts

Fully
Partially
Fully
protected1 protected2 protected

Cleveland.................................
St. Louis...................................
Washington, D. C..................
Boston......................................
San Francisco.........................
Pittsburgh...............................

1,663,806
937,617
701,008
541,449
11,219,140
1,219,062

34,953
20,990
14,399
23,195
166,687
29,366

97.9
97.8
98.0
95.9
98.5
97.6

2.1
2.2
2.0
4.1
1.5
2.4

3,063,046
2,128,981
1,356,583
2,536,103
12,921,015
2,918,030

1,556,346
841,899
617,976
641,255
7,217,080
1,208,094

1,206,816
631,999
473,986
409,305
5,550,210
914,434

349,530
209,900
143,990
231,950
1,663,870
293,660

1,506,700
1,287,082
738,607
1,894,848
5,703,935
1,709,936

50.8
39.5
45.6
25.3
55.9
41.4

49.2
60.5
54.4
74.7
44.1
58.6

6
21
6

533,024
534,376
1,364,138
605,524
689,137
544,751

520,930
518,285
1,340,016
596,484
676,871
533,004

12,094
16,091
24,122
9,040
12,266
11,747

97.7
97.0
98.2
98.5
98.2
97.8

2.3
3.0
1.8
1.5
1.8
2.2

1,213,829
1,707,346
1,938,726
999,569
1,285,584
1,106,029

532,389
533,352
1,365,724
314,465
628,994
441,101

411,449
372,442
1,124,504
224,065
506,334
323,631

120,940
160,910
241,220
90,400
122,660
117,470

681,440
1,173,994
573,002
685,104
656,590
664,928

43.9
31.2
70.4
31.5
48.9
39.9

56.1
68.8
29.6
68.5
51.1
60.1

4,725
1,856

61,940,128
26,348,674

60,827,461
25,781,306

1,112,667
567,368

98.2
97.8

1.8
2.2

99,642,699
55,839,420

49,047,425
23,012,728

37,920,755
17,339,048

11,126,670
5,673,680

50,595,274
32,826,692

49.2
41.2

50.8
58.8

6,697

26,279,289
15,144,947

25,942,507
14,876,105

336,782
268,842

98.7
98.2

1.3
1.8

26,367,359
20,937,417

19,403,497
20,291,087

16,035,677
17,602,667

3,367,820
2,688,420

6,963,862
646,330

73.6
96.9

26.4
3.1

21
19
30
9

220

100.0
98.5
98.8
98.6
98.4
98.4

1.5
1.2
1.4
1.6
1.6

6,537
24,547,746
16,481,639
23,433,738
24,371,695
30,538,115

6,537
23,677,008
13,829,775
17,428,304
15,727,319
17,038,252

6,537
20,647,178
11,704,215
14,298,274
12,495,889
13,250,142

3,029,830
2,125,560
3,130,030
3,231,430
3,788,110

870,738
2,651,864
6,005,434
8,644,376
13,499,863

100.0
96.5
83.9
74.4
64.5
55.8

3.5
16.1
25.6
35.5
44.2

40 to 49 percent..............................
30 to 39 percent..............................
20 to 29 percent..............................
10 to 19 percent..............................
0 to 9 percent..................................

246
140
59
22
2

8,709,893
8,885,418
4,909,404
1,885,151
104,593

8,523,226
8,638,783
4,705,635
1,780,425
91,227

186,667
246,635
203,769
104,726
13,366

97.9
97.2
95.8
94.4
87.2

2.1
2.8
4.2
5.6
12.8

16,037,506
24,445,028
24,728,198
15,177,998
3,018,695

7,024,792
8,532,540
5,813,877
2,466,778
209,555

5,158,122
6,066,190
3,776,187
1,419,518
75,895

1,866,670
2,466,350
2,037,690
1,047,260
133,660

9,012,714
15,912,488
18,914,321
12,711,220
2,809,140

43.8
34.9
23.5
16.3
6.9

56.2
65.1
76.5
83.7
93.1

52,211,707
67,245,952
123,575
51,368

50,982,477
66,458,476
36,827
38,443

1,229,230
787,476
86,748
12,925

97.6
98.8
29.8
74.8

2.4
1.2
70.2
25.2

100,165,958
64,845,965
15,167,039
3,782,460

47,185,610
59,018,811
1,013,001
201,298

34,893,310
51,144,051
145,521
72,048

12,292,300
7,874,760
867,480
129,250

52,980,348
5,827,154
14,154,038
3,581,162

47.1
91.0
6.7
5.3

52.9
9.0
93.3
94.7

289,181
1,009,159
863,720
7,918,376

204,071
967,321
845,020
7,894,744

85,110
41,838
18,700
23,632

70.6
95.9
97.8
99.7

29.4
4.1
2.2
.3

11,463,645
3,144,773
1,355,045
2,862,010

1,337,290
1,158,703
523,729
1,316,295

486,190
740,323
336,729
1,079,975

851,100
418,380
187,000
236,320

10,126,355
1,986,070
831,316
1,545,715

11.7
36.8
38.7
46.0

88.3
63.2
61.3
54.0

Type of account
Individual, partnership, and cor­
poration accounts:
Demand........................................
Savings and time.......................
Interbank accounts........................
U. S. Government accounts. . . .
State and political subdivision
accounts........................................
Uninvested trust funds.................
Drafts................................................
Other items......................................

1 Accounts with balances of $10,000 or less.
2 Accounts with balances of more than $10,000.




BANKS

302,983
212,556
313,003
323,143
378,811

INSURED

12,960
19,560,242
18,004,048
22,552,561
19,724,399
23,833,873

ALL

12,960
19,863,225
18,216,604
22,865,564
20,047,542
24,212,684

20

O
F

2,735
4,581
3,468
1,587
638

DEPOSITS

Banks with percent of de­
posits insured of—
100 percent......................................
90 to 99 percent..............................
80 to 89 percent..............................
70 to 79 percent..............................
60 to 69 percent..............................
50 to 59 percent..............................

AND

Class and type of bank
National, members F. R. System
State, members F. R. System. . .
Commercial, not members F. R.
System..........................................
Mutual savings banks...................

1,698,759
958,607
715,407
564,644
11,385,827
1,248,428

ACCOUNTS

Milwaukee...............................
Houston...................................
Buffalo......................................
New Orleans...........................
Minneapolis.............................
Cincinnati................................

9
27
17
9
13

O
Cn

05
o

D e ta ile d

T a b le s : D is tr ib u tio n
T a b le 37.

o f A c c o u n ts o f In su re d

C o m m e r c ia l B a n k s A c c o r d in g t o

S iz e o f A c c o u n t

D i s t r i b u t i o n o f A c c o u n t s A c c o r d i n g t o S iz e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 1955
BAN KS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

Total

$10,000
or less

$25,000
to
$100,000

More
than
$100,000

$10,000
or less

$10,000
to
$25,000

$25,000
t.0
$100,000

More
than
$100,000
.1%

114,568,091

112,551,274

1,334,096

513,690

169,031

98.2%

1.2%

.5 %

13,256

114,163,770

112,151,159

1,331,264

512,616

168,731

98.2

1.2

.5

.1

Other areas................................................

22

404,321

400,115

2,832

1,074

300

98.9

.7

.3

.1

447
844
1,441
1,025
1,008
1,456
1,432
1,526
1,099
1,464
1,131
405

6,028,065
16,334,351
14,702,089
8,496,825
5,920,887
7,254,895
11,161,169
9,415,914
3,650,486
4,840,495
7,676,684
19,086,231

5,932,421
15,977,475
14,465,974
8,382,886
5,821,763
7,135,364
10,989,442
9,214,790
3,589,888
4,747,323
7,525,466
18,768,482

59,358
211,688
157,579
74,188
65,282
77,386
120,249
136,702
42,364
63,747
95,939
229,614

27,278
101,511
59,037
30,222
26,351
31,928
39,998
48,375
14,278
22,932
42,028
69,752

9,008
43,677
19,499
9,529
7,491
10,217
11,480
16,047
3,956
6,493
13,251
18,383

98.4
97.8
98.4
98.7
98.3
98.4
98.5
97.9
98.3
98.1
98.0
98.3

1.0
1.3
1.1
.9
1.1
1.1
1.1
1.4
1.2
1.3
1.3
1.2

.5
.6
.4
.3
.5
.4
.3
.5
.4
.5
.5
.4

.1
.3
.1
.1
.1
.1
.1
.2
.1
.1
.2
.1

238
10
228
144
154

1,395,869
510,446
799,148
14,842,251
981,785

1,376,414
500,809
786,440
14,600,109
960,919

12,877
6,880
8,504
175,934
14,412

5,123
2,244
3,445
52,342
5,000

1,455
513
759
13,866
1,454

98.6
98.1
98.4
98.4
97.9

.9
1.4
1.1
1.2
1.5

.4
.4
.4
.3
.5

.1
.1
.1
.1
.1

89
30
17
229
348

1,481,650
321,514
715,407
1,895,602
1,745,442

1,457,727
315,183
701,008
1,854,701
1,719,200

16,072
3,999
8,926
27,596
16,199

6,040
1,787
4,136
10,495
7,551

98.4
98.0
98.0
97.8
98.5

1.1
1.2
1.2
1.5
.9

.4
.6
.6
.6
.4

.1
.2
.2
.1
.2

FDIC District
District 1 ..................................................
District 2 ..................................................
District 3 ..................................................
District 4 ..................................................
District 5 ..................................................
District 6
.
.......................................
District 7 ..................................................
District 8
..............................................
District 9 ................................................
District 10 ..............................................

State
Arkansas

....................................

Connecticut..............................................
District of Columbia.............. ..............




1,811
545
1,337
2,810
2,492 !

C O R PO R ATIO N

13,278

Continental U. S ......................................

INSURANCE

T otal United S tates....................................

DEPOSIT

$10,000
to
$25,000

FEDERAL

Percent of total accounts

Number of accounts
Number
of banks

Idaho..........................................................
Illinois........................................................
Indiana......................................................
Iowa...........................................................
Kansas.......................................................

36
908
467
618
501

385,549
7,413,248
2,961,709
2,002,666
1,349,015

377,443
7,244,856
2,915,061
1,969,934
1,324,319

6,096
113,033
32,258
23,669
17,147

1,716
41,047
11,170
7,328
5,970

294
14,312
3,220
1,735
1,579

97.9
97.7
98.4
98.3
98.2

1.6
1.5
1.1
1.2
1.3

•4
.6
.4
.4
.4

Kentucky..................................................
Louisiana..................................................
Maine.........................................................
Maryland..................................................
Massachusetts..........................................

352
174
53
151
171

1,466,332
1,655,750
627,140
1,564,238
2,595,349

1,445,345
1,629,171
620,619
1,542,267
2,545,917

14,233
16,645
4,520
14,444
27,952

5,356
7,387
1,623
5,647
15,729

1,398
2,547
378
1,880
5,751

98.5
98.4
99.0
98.6
98.1

1.0
1.0
.7
.9
1.1

.4
.4
.2
.4
.6

Michigan...................................................
Minnesota.................................................
Mississippi................................................
Missouri....................................................
Montana....................................................

418
667
193
585
112

5,401,735
2,356,801
883,974
3,110,054
428,801

5,317,607
2,321,844
871,448
3,053,709
418,437

58,899
22,999
8,610
35,307
7,605

19,614
8,954
3,182
15,434
2,297

5,615
3,004
734
5,604
462

98.4
98.5
98.5
98.2
97.6

1.1
1.0
1.0
1.1
1.8

.4
.4
.4
.5
.5

.1
.1
.1

Nebraska...................................................
Nevada......................................................
New Hampshire......................................
New Jersey...............................................
New Mexico.............................................

380
8
63
295
52

938,124
197,134
271,745
5,019,825
359,369

919,075
192,813
267,895
4,954,842
353,097

13,170
2,961
2,634
45,934
4,197

4,523
1,108
977
15,171
1,670

1,356
252
239
3,878
405

98.0
97.8
98.6
98.7
98.2

1.4
1.5
1.0
.9
1.2

.5
.6
.3
.3
.5

.1
.1
.1
.1
.1

New York.................................................
North Carolina........................................
North Dakota..........................................
Ohio............................................................
Oklahoma..................................................

510
219
149
622
376

10,722,544
1,796,390
398,460
6,515,419
1,361,535

10,439,135
1,771,625
391,323
6,411,386
1,337,991

160,364
15,086
5,580
69,660
15,460

83,971
7,160
1,365
25,675
6,199

39,074
2,519
192
8,698
1,885

97.3
98.6
98.2
98.4
98.3

1.5
.8
1.4
1.1
1.1

.8
.4
.4
.4
.5

0)
.1
.1

Oregon.......................................................
Pennsylvania............................................
Rhode Island...........................................
South Carolina........................................
South Dakota..........................................

48
819
8
142
171

1,209,618
8,186,670
674,382
785,878
466,424

1,185,416
8,054,588
665,936
774,937
458,284

17,464
87,919
5,488
7,168
6,180

5,461
33,362
2,250
3,005
1,662

1,277
10,801
708
768
298

98.0
98.4
98.8
98.6
98.2

1.4
1.1
.8
.9
1.3

.5
.4
.3
.4
.4

.1
.1
.1
.1
.1

Tennessee..................................................
Texas..........................................................
U tah...........................................................
Vermont....................................................
Virginia......................................................

291
895
54
63
318

1,879,361
5,151,119
551,410
377,799
2,503,443

1,849,870
5,042,389
543,054
374,327
2,473,840

19,342
68,217
5,785
2,692
20,310

7,693
30,727
1,917
659
7,113

2,456
9,786
654
121
2,180

98.5
97.9
98.5
99.1
98.8

1.0
1.3
1.1
.7
.8

.4
.6
.3
.2
.3

.1
!i
(i)
.i

Washington..............................................
West Virginia...........................................
Wisconsin..................................................
Wyoming...................................................

102
178
547
53

1,766,416
1,131,469
2,797,725
210,036

1,737,847
1,119,209
2,756,774
205,019

19,933
8,254
29,092
3,558

6,716
3,161
9,214
1,240

1,920
845
2,645
219

98.4
98.9
98.6
97.6

1.1
.7
1.0
1.7

.4
.3
.3
.6

.i
.i
.i
.i

.1
.2
.1
.1
.1
.1
.1
.1
ACCOUNTS

'.1

O
F
INSURED
COMMERCIAL
BANKS

1 Less than .05 percent.




Oi

Table 38.

D

is t r ib u t io n o f

A c c o u n t s A c c o r d in g

to

Siz e , I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r

21, 1955

B AN K S GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Percent of total accounts

Number of accounts
Number
of banks
Total

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

112,551,274

1,334,096

513,690

169,031

25
314
1,489
2,941
4,330

8,900
196,260
1,468,209
4,850,387
14,537,804

8,861
195,003
1,455,307
4,796,046
14,351,521

33
1,019
10,402
43,005
142,366

6
235
2,393
10,352
38,648

$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 $250,000,000.............

2,065
1,295
405
191
130

14,258,653
17,839,537
10,435,418
8,429,762
10,511,791

14,064,856
17,584,967
10,257,579
8,268,854
10,290,037

142,403
180,806
120,575
102,722
135,405

$250,000,000 to $500,000,000.............
$500,000,000 to $1,000,000,000..........
$1,000,000,000 to $2,500,000,000. . .
$2,500,000,000 or more.........................
Banks in centers with popula­
tion in 1950 of—

52
24
11
6

7,701,771
5,799,976
5,357,485
13,172,138

7,516,655
5,627,791
5,200,929
12,932,868

250 to 500.................................................
500 to 1,000..............................................
1,000 to 2,500..........................................
2,500 to 5,000..........................................

540
1,245
2,099
2,937
1,723

598,519
1,586,095
3,612,878
8,034,414
7,147,087

5,000 to 10,000........................................
10,000 to 25,000......................................
25,000 to 50,000......................................
50,000 to 100,000...................................
100,000 to 250,000.................................

1,567
1,252
600
395
354

250,000 to 500,000.................................
500,000 to 1,000,000..............................
1,000,000 to 2,500,000..........................
2,500,000 or more...................................

217
189
41
119




More
than
$100,000

.1 %

98.2%

1.2%

.5 %

3
107
984
5,269

99.5
99.4
99.1
98.9
98.7

.4
.5
.7
.9
1.0

.1
.1
.2
.2
.3

42,942
59,441
45,603
44,639
62,932

8,452
14,323
11,661
13,547
23,417

98.6
98.6
98.3
98.1
97.9

1.0
1.0
1.2
1.2
1.3

.3
.3
.4
.5
.6

.1
.1
.1
.2
.2

107,029
108,343
90,531
149,457

54,737
44,562
44,035
63,165

23,350
19,280
21,990
26,648

97.6
97.0
97.1
98.2

1.4
1.9
1.7
1.1

.7
.8
.8
.5

.3
.3
.4
.2

590,828
1,567,879
3,568,493
7,931,594
7,049,506

5,888
14,680
35,571
79,835
73,348

1,421
3,290
8,031
20,493
20,872

382
246
783
2,492
3,361

98.7
98.9
98.8
98.7
98.7

1.0
.9
1.0
1.0
1.0

.2
.2
.2
.3
.3

.1
C)
1
0)
«
0)

9,472,673
12,410,967
9,489,894
8,606,123
11,166,730

9,343,458
12,231,888
9,347,936
8,471,233
10,975,475

95,205
128,013
98,220
88,327
120,510

28,430
41,519
34,955
36,204
53,001

5,580
9,547
8,783
10,359
17,744

98.6
98.6
98.5
98.5
98.3

1.0
1.0
1.0
1.0
1.1

.3
.3
.4
.4
.5

.1
.1
.1
.1
.1

9,151,675
20,228,014
5,087,988
7,975,034

8,965,734
19,863,554
4,966,021
7,677,675

115,197
239,419
78,316
161,567

51,098
91,846
31,913
90,617

19,646
33,195
11,738
45,175

98.0
98.2
97.6
96.3

1.2
1.2
1.6
2.0

.6
.4
.6
1.1

.2
.2
.2
.6

(x
)
0)
0)
0)

CO R PO R ATIO N

114,568,091

$25,000
to
$100,000

INSURANCE

13,278

Banks with deposits of—
Less than $250,000.................................
$250,000 to $500,000.............................
$500,000 to $1,000,000.........................
$1,000,000 to $2,000,000......................
$2,000,000 to $5,000,000......................

$10,000
to
$25,000

DEPOSIT

All insured com m ercial b an k s..............

$10,000
or less

FEDERAL

Classification

728,747
354,034
251,315

287,399
154,254
72,037

96,521
59,080
13,430

98.2
97.9
98.7

1.2
1.3
.9

.5
.6
.3

.1
.2
.1

Banks with percent of deposits
insured of—
100 percent...........................................
90 to 99 percent..................................
80 to 89 percent..................................
70 to 79 percent..................................
60 to 69 percent..................................
50 to 59 percent..................................

20
2,521
4,575
3,468
1,587
638

12,960
5,373,646
17,561,236
22,865,564
20,047,542
24,212,684

12,960
5,329,839
17,358,346
22,552,561
19,724,399
23,833,873

38,310
161,171
232,069
226,698
261,556

5,384
37,792
68,059
77,874
92,004

113
3,927
12,875
18,571
25,251

100.0
99.2
98.9
98.6
98.4
98.4

.7
.9
1.0
1.1
1.1

.1
.2
.3
.4
.4

0)
0)
.1
.1
.1

8,709,893
8,885,418
4,909,404
1,885,151
104,593

8,523,226
8,638,783
4,705,635
1,780,425
91,227

114,619
140,885
104,901
49,065
4,822

53,647
74,440
64,992
34,910
4,588

18,401
31,310
33,876
20,751
3,956

97.9
97.2
95.9
94.4
87.2

1.3
1.6
2.1
2.6
4.6

.6
.8
1.3
1.9
4.4

.2
.4
.7
1.1
3.8

52,129,072
52,799,718
123,042
49,772

50,900,334
52,279,285
36,341
36,868

768,666
460,004
20,885
4,396

359,328
54,481
34,228
5,023

100,744
5,948
31,588
3,485

97.6
99.0
29.5
74.1

1.5
.9
17.0
8.8

.7
.1
27.8
10.1

.2
(0
25.7
7.0

287,647
1,004,563
664,020
7,510,257

202,814
962,797
645,580
7,487,255

32,274
24,583
9,506
13,782

33,635
13,364
6,973
6,658

18,924
3,819
1,961
2,562

70.5
95.9
97.2
99.7

11.2
2.4
1.4
.2

11.7
1.3
1.1
.1

6.6
.4
.3
0)

40 to 49 percent.
30 to 39 percent.
20 to 29 percent.
10 to 19 percent.
0 to 9 percent. . .
Type of account
Individual, partnership, and corpo­
ration accounts:
Demand................................................
Savings and time................................
Interbank accounts................................
U. S. Government accounts.................
State and political subdivision ac­
counts ....................................................
Uninvested trust funds.........................
Drafts.........................................................
Other items...............................................
1 Less than .05 percent.

22
2

BANKS




246
140
59

COMMERCIAL

60,827,461
25,781,306
25,942,507

INSURED

61,940,128
26,348,674
26,279,289

O
F

4,725
1,856
6,697

ACCOUNTS

Class of bank
National, members F. R. System
State, members F. R. System.............
Not members F. R. System.................

T a b le 39.

D

D

is t r ib u t io n of

A c c o r d in g

to

S iz e

of

emand

A ccounts

of

I n d iv id u a l s , P a r t n e r s h ip s ,

and

C o r p o r a t io n s ,

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 1955

B ANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

Total

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

Percent of total accounts
More
than
$100,000

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

768,666

359,328

100,744

97.6%

1.5%

.7 %

.2%

C ontinental U. S .................................................

50,790,684

767,152

358,738

100,638

97.6

1.5

.7

.2

Other areas............................................................

111,860

109,650

1,514

590

106

98.0

1.4

.5

.1

2,352,004
6,582,202
5,561,250
4,692,138
3,799,638
4,548,801
4,056,028
3,873,647
1,888,074
3,258,156
4,997,179
6,519,955

2,285,156
6,339,922
5,419,006
4,617,832
3,735,717
4,475,614
3,961,669
3,757,150
1,852,597
3,194,646
4,890,708
6,370,317

39,846
136,276
86,920
47,217
42,153
47,505
60,116
74,301
24,887
44,912
69,274
95,259

21,197
77,523
42,897
21,945
17,972
20,458
27,192
32,687
8,733
15,539
30,079
43,106

5,805
28,481
12,427
5,144
3,796
5,224
7,051
9,509
1,857
3,059
7,118
11,273

97.2
96.3
97.4
98.4
98.3
98.4
97.6
97.0
98.1
98.0
97.9
97.7

1.7
2.1
1.6
1.0
1.1
1.1
1.5
1.9
1.3
1.4
1.4
1.4

.9
1.2
.8
.5
.5
.4
.7
.9
.5
.5
.6
.7

.2
.4
.2
.1
.1
.1
.2
.2
.1
.1
.1
.2

Colorado...............................................................

895,137
274,107
593,571
4,482,414
545,341

883,165
268,063
585,307
4,376,585
531,913

7,797
4,059
5,772
66,411
9,025

3,409
1,677
2,139
30,897
3,606

766
308
353
8,521
797

98.6
97.8
98.6
97.6
97.5

.9
1.5
1.0
1.5
1.7

.4
.6
.3
.7
.7

.1
.1
1
.2
.1

Connecticut.........................................................
Delaware.................#
...........................................
District of Columbia.........................................
Florida..................................................................
Georgia.................................................................

600,209
163,407
368,823
1,162,553
1,102,943

584,353
159,098
358,139
1,134,443
1,086,719

9,849
2,571
6,312
18,876
10,019

4,805
1,336
3,407
7,839
4,848

1,202
402
965
1,395
1,357

97.4
97.4
97.1
97.6
98.5

1.6
1.6
1.7
1.6
.9

.8
.8
.9
.7
.5

.2
.2
.3
.1
.1

FDIC District
District 1 ..............................................................
District 2 ..............................................................
District 3 ..............................................................
District 4 ..............................................................
District 5 .............................................................
District 6 .............................................................
District 7 . ............................................................
District 8 .............................................................
District 9 .............................................................

State
Arkansas..............................................................




C O R PO R ATIO N

50,900,334

INSURANCE

52,129,072
52,017,212

DEPOSIT

Total United S tates...............................................

FEDERAL

Number of accounts

143
8,801
1,762
708
547

98.1
96.4
98.0
98.3
98.2

1.3
2.2
1.3
1.2
1.3

.5
1.1
.6
.4
.4

.1
.3
.1
.1
.1

Kentucky.............................................................
Louisiana.............................................................
Maine...................................................................
Maryland.............................................................
Massachusetts....................................................

1,036,240
814,181
177,389
695,539
1,081,772

1,022,345
796,618
173,416
681,022
1,044,121

9,624
11,271
2,598
9,076
21,639

3,525
5,069
1,166
4,339
12,337

746
1,223
209
1,102
3,675

98.7
97.8
97.8
97.9
96.5

.9
1.4
1.5
1.3
2.0

.3
.6
.6
.6
1.2

.1
.2
.1
.2
.3

Michigan..............................................................
Minnesota............................................................
Mississippi...........................................................
Missouri...............................................................
Montana..............................................................

1,687,687
1,054,900
639,005
1,779,011
258,647

1,644,777
1,036,557
631,390
1,742,697
251,165

26,163
11,763
5,461
22,944
5,554

13,089
5,136
1,876
10,366
1,719

3,658
1,444
278
3,004
209

97.5
98.3
98.8
97.9
97.1

1.5
1.1
.9
1.3
2.1

.8
.5
.3
.6
.7

.2
.1
0)
.2
.1

Nebraska..............................................................
Nevada.................................................................
New Hampshire.................................................
New Jersey..........................................................
New Mexico........................................................

637,113
82,537
121,397
1,693,028
232,111

622,916
80,047
118,909
1,653,381
228,117

10,585
1,541
1,634
25,700
2,722

3,019
813
724
11,561
1,130

593
136
130
2,386
142

97.7
97.0
98.0
97.7
98.2

1.7
1.9
1.3
1.5
1.2

.5
1.0
.6
.7
.5

.1
.1
.1
.1
.1

New York............................................................
North Carolina...................................................
North Dakota....................................................
Ohio.......................................................................
Oklahoma............................................................

4,672,677
1,139,080
260,483
2,343,039
996,370

4,475,312
1,122,687
255,916
2,283,437
980,169

107,385
10,265
3,550
35,731
10,826

64,351
4,958
915
18,336
4,346

25,629
1,170
102
5,535
1,029

95.7
98.6
98.2
97.5
98.4

2.3
.9
1.4
1.5
1.1

1.4
.4
.4
.8
.4

.6
.1
0)
.2
.1

Oregon..................................................................
Pennsylvania......................................................
Rhode Island......................................................
South Carolina...................................................
South Dakota.....................................................

573,695
3,218,211
252,576
552,987
314,044

560,434
3,135,569
247,176
544,839
308,959

8,747
51,189
3,115
5,546
4,020

3,713
24,561
1,768
2,206
963

801
6,892
517
396
102

97.7
97.4
97.9
98.5
98.4

1.5
1.6
1.2
1.0
1.3

.7
.8
.7
.4
.3

.1
.2
.2
.1
0)

Tennessee.............................................................
Texas.....................................................................
Utah......................................................................
Vermont...............................................................
Virginia................................................................

1,139,979
3,676,780
235,394
118,661
1,304,212

1,125,265
3,597,910
231,118
117,181
1,287,275

9,165
51,222
2,611
1,011
11,051

4,428
22,203
1,277
397
4,807

1,121
5,445
388
72
1,079

98.7
97.9
98.2
98.8
98.7

.8
1.4
1.1
.8
.8

.4
.6
.5
.3
.4

.1
.1
.2
.1
.1

Washington.........................................................
West Virginia......................................................
Wisconsin.............................................................
Wyoming..............................................................

861,880
631,497
974,339
129,968

843,669
623,870
951,264
126,820

11,949
4,967
15,028
2,246

5,020
2,228
6,416
809

1,242
432
1,631
93

97.9
98.8
97.6
97.6

1.4
.8
1.5
1.7

.6
.3
.7
.6

.1
.1
.2
.1

1Less than .05 percent.




BANKS

1,071
28,522
7,687
4,165
3,759

COMMERCIAL

3,106
60,333
18,925
13,968
12,230

INSURED

220,945
2,635,836
1,365,628
1,121,314
932,828

O
F

225,265
2,733,492
1,394,002
1,140,155
949,364

ACCOUNTS

Idaho.....................................................................
Illinois..................................................................
Indiana.................................................................
Iowa......................................................................
Kansas..................................................................

l>
0
T a b le 4 0 .

D

is t r ib u t io n of

A

c c o r d in g t o

S a v in g s
S iz e

of

and

T

im e

A ccounts

of

I n d iv id u a l s , P a r t n e r s h ip s ,

and

C o r p o r a t io n s ,

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 195 5

B AN KS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State
Total

$10,000
or less

$10,000
to
$25,000

Percent of total accounts
$25,000
to
$100,000

More
than
$100,000

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

460,004

54,481

5,948

99.0%

.9%

.1%

0 )%

52,020,186

458,996

54,289

5,925

99.0

.9

.1

0)

Other areas............................................................

260,322

259,099

1,008

192

23

99.5

.4

.1

0)

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

3,208,675
8,612,470
8,251,482
3,476,798
1,900,690
2,408,602
6,410,732
4,662,806
1,562,911
1,348,206
2,277,006
8,679,340

3,194,763
8,551,622
8,185,478
3,452,233
1,881,911
2,384,134
6,354,161
4,604,923
1,548,582
1,333,102
2,255,862
8,532,514

12,882
55,091
59,165
21,666
16,571
21,553
51,250
52,032
13,154
13,360
17,815
125,465

931
4,887
6,208
2,599
2,001
2,688
5,007
5,532
1,113
1,609
2,773
19,133

99
870
631
300
207
227
314
319
62
135
556
2,228

99.6
99.3
99.2
99.3
99.0
99.0
99.1
98.8
99.1
98.9
99.1
98.3

.4
.6
.7
.6
.9
.9
.8
1.1
.8
1.0
.8
1.5

0)
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.2

C)
1
C)
1
0)
0)
f)
0)
0)
0)
(9
C)
1
0)
0)

State
Alabama...............................................................
Arizona.................................................................
Arkansas..............................................................
California.............................................................
Colorado...............................................................

462,733
202,189
167,428
6,677,904
385,407

458,439
199,268
165,402
6,556,003
380,232

3,787
2,510
1,729
108,356
4,541

480
370
269
16,547
579

27
41
28
1,998
55

99.1
98.6
98.8
98.2
98.6

.8
1.2
1.0
1.5
1.2

.1
.2
.2
.3
.2

C)
1
0)
0)
C)
1
0)

Connecticut.........................................................
Delaware..............................................................
District of Columbia.........................................
Florida..................................................................
Georgia.................................................................

783,449
142,918
310,650
645,003
585,489

779,322
141,773
308,029
637,448
580,585

4,007
1,012
2,147
6,735
4,288

106
126
376
696
575

14
7
98
124
41

99.5
99.2
99.2
98.8
99.2

.5
.7
.7
1.1
.7

0)

0)
0)
0)
0)
0)




CO R P O R A TIO N

52,279,285

52,539,396

INSURANCE

52,799,718

Continental U. S.................................................

DEPOSIT

T otal United S tates...............................................

FEDERAL

Number of accounts

20
299
63
20
18

97.9
98.7
99.1
99.0
98.9

1.9
1.2
.8
.9
1.0

.2
.1
.1
.1
.1

C)
1
C)
1
0)
0)
0)

Kentucky.............................................................
Louisiana..............................................................
Maine....................................................................
Maryland.............................................................
Massachusetts....................................................

375,347
741,192
412,775
774,923
1,252,307

372,040
737,303
410,978
769,919
1,248,940

2,956
3,457
1,600
4,549
3,075

334
404
187
421
250

17
28
10
34
42

99.1
99.5
99.6
99.3
99.7

.8
.4
.4
.6
.3

.1
.1
(0
.1
0)

0)
0)
0)
(!)
0)

Michigan..............................................................
Minnesota........................................................
Mississippi...........................................................
Missouri...............................................................
Montana............................................................

3,314,100
1,180,141
207,465
1,177,876
150,411

3,282,220
1,170,990
205,439
1,168,505
148,484

28,606
8,418
1,761
8,431
1,737

3,071
694
250
873
184

203
39
15
67
6

99.0
99.2
99.0
99.2
98.7

.9
.7
.9
.7
1.2

.1
.1
.1
.1
.1

0)
0)
(1
)
0)
0)

Nebraska..............................................................
Nevada.................................................................
New Hampshire.............................................
New Jersey..........................................................
New Mexico...................................................

259,335
102,825
135,522
3,107,130
109,441

257,849
101,331
134,707
3,087,956
108,081

1,341
1,298
758
17,751
1,127

141
182
52
1,335
196

4
14
5
88
37

99.4
98.5
99.4
99.4
98.8

.5
1.3
.6
.6
1.0

.1
.2
0)
(x
)
.2

C)
1
C)
1
(!)
(*)
0)

New York........................................................
North Carolina...............................................
North Dakota.....................................................
Ohio.................................................................
Oklahoma............................................................

5,163,870
592,941
107,282
3,723,009
292,195

5,124,077
589,211
105,647
3,690,168
288,581

35,764
3,275
1,509
29,290
3,186

3,277
422
122
3,243
388

752
33
4
308
40

99.2
99.4
98.5
99.1
98.8

.7
.5
1.4
.8
1.1

.1
.1
.1
.1
.1

0)
0)
0)
0)
0)

Oregon..............................................................
Pennsylvania..................................................
Rhode Island................................................
South Carolina...............................................
South Dakota.................................................

583,872
4,528,473
387,128
209,906
125,077

574,936
4,495,310
384,884
208,823
123,461

7,813
29,875
2,002
952
1,490

1,025
2,965
221
109
113

98
323
21
22
13

98.5
99.3
99.4
99.5
98.7

1.3
.6
.5
.4
1.2

.2
.1
.1
.1
.1

C)
1
0)
0)
(1)
0)

Tennessee........................................................
Texas................................................................
Utah................................................................
Vermont.........................................................
Virginia................................................................

687,951
1,224,184
293,659
237,494
1,121,071

678,187
1,211,210
290,561
235,932
1,112,092

8,437
10,721
2,817
1,440
7,984

1,212
1,803
261
115
913

115
450
20
7
82

98.6
98.9
98.9
99.4
99.2

1.2
.9
1.0
.6
.7

.2
.2
.1
0)
.1

0)
0)
(x
)
C)
1
0)

Washington...................................................
West Virginia......................................................
Wisconsin.............................................................
Wyoming..............................................................

817,687
467,307
1,670,563
70,290

809,748
464,159
1,658,033
69,092

7,063
2,759
11,542
1,011

798
358
940
169

78
31
48
18

99.0
99.3
99.2
98.3

.9
.6
.7
1.4

.1
.1
.1
.3

0)
C)
1
0)
0)

BANKS

277
4,882
996
650
332

COMMERCIAL

2,674
44,703
11,102
7,329
3,281

INSURED

138,652
3,831,576
1,413,908
773,347
337,348

O
F

141,628
3,881,460
1,426,069
781,346
340,979

ACCOUNTS

Idaho.....................................................................
Illinois..................................................................
Indiana.................................................................
Iowa......................................................................
Kansas..................................................................

1 Less than .05 percent.




CO

T a b le 41.

D i s t r i b u t i o n o f D e m a n d A c c o u n t s o f I n d i v i d u a ls , P a r t n e r s h i p s , a n d C o r p o r a t i o n s ,

A c c o r d i n g t o S iz e o f A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 195 5
b a n k s g r o u p e d b y a m o u n t o f d e p o s it s

Percent of total accounts

Number of accounts
Size group

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than

$100,000

$ 10,000
or less

$ 10,000
to
$25,000

$25,000
to

$100,000
.7 %

97.6%

768,666

359,328

100,744

7,797
167,142
1,114,036
3,328,027
8,850,658

7,777
166,406
1,106,930
3,298,000
8,744,480

19
663
6,143
24,858
83,265

1
73
934
4,892
21,177

29
277
1,736

99.4
99.1

$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 $250,000,000. . .

7,441,890
7,922,187
4,357,371
3,360,783
4,352,891

7,325,987
7,763,829
4,243,642
3,255,618
4,212,520

84,704
107,833
72,775
63,129
80,052

27,849
43,433
34,158
33,712
46,306

3,350
7,092
6,796
8,324
14,013

98.5
98.0
97.4
96.9
96.8

1.1

1.8

1.0
1.1

$250,000,000 to $500,000,000. . .
$500,000,000 to $1,000,000,000..
$1,000,000,000 to $2,500,000,000
$2,500,000,000 or more.................

3,151,682
2,376,132
1,969,131
3,729,345

3,031,449
2,280,010
1,873,255
3,590,431

65,654
52,754
49,855
76,962

39,836
31,038
31,438
44,481

14,743
12,330
14,583
17,471

96.2
96.0
95.1
96.3

2.1

1.2

2.2

1.3

Percent of to ta l...........................
Banks with deposits of—
Less than $250,000........................
$250,000 to $500,000.....................
$500,000 to $1,000,000.................
$1,000,000 to $2,000,000.............
$2,000,000 to $5,000,000..............

100.0%

100.0%

100.0%

100.0%

100.0 %

0)
.3
2.1
6.4
17.0

0)
.3
2.2
6.5
17.2

0)
.1
.8
3.2
10.8

0)
C)
1
.3
1.4
5.9

(0
.3
1.7

$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 $250,000,000

14.3
15.2
8.4
6.4
8.4

14.4
15.2
8.3
6.4
8.3

11.0
14.0
9.5
8.2
10.4

7.7
12.1
9.5
9.4
12.9

$250,000,000 to $500,000,000. . .
$500,000,000 to $1,000,000,000..
$1,000,000,000 to $2,500,000,000
$2,500,000,000 or more.................

6.0
4.5
3.8
7.2

5.9
4.5
3.7
7.1

8.6
6.9
6.5
10.0

11.1
8.6
8.7
12.4

 than .05 percent.
i Less


99.8

3.3
7.0

6.8
8.3
13.9
14.6

12.2

14.5
17.4

.2

.4
.5

.8

1.0

1.4
1.7
1.9

2.5

2.0

0)
0)
.1

.1

.2

.4
.5
.8

1.6

1.2

.2%

(9
(’)
0)
(*)
.1

.1

.2
.3

.5
.5

CO R PO R ATIO N

50,900,334

INSURANCE

52,129,072

Banks with deposits of—
Less than $250,000........................
$250,000 to $500,000.....................
$500,000 to $1,000,000.................
$1,000,000 to $2,000,000..............
$2,000,000 to $5,000,000.............

DEPOSIT

Dem and accounts— to ta l.............

More
than

$ 100,000

FEDERAL

Total

T a b le 4 2 .

D

i s t r i b u t io n o f

A

c c o r d in g t o

S a v in g s
S iz e

of

and

T

im e

A ccounts

of

I n d iv id u a l s , P a r t n e r s h ip s ,

and

C o r p o r a t io n s ,

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 195 5

b a n k s g r o u p e d b y a m o u n t o f d e p o s it s

Number of accounts
Size group
$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

52,799,718

52,279,285

460,004

54,481

5,948

Banks with deposits of—
Less than $250,000................................................
$250,000 to $500,000............................................
$500,000 to $1,000,000.........................................
$1,000,000 to $2,000,000.....................................
$2,000,000 to $5,000,000.....................................

785
21,295
295,657
1,319,207
5,112,690

776
21,148
293,321
1,307,207
5,064,386

9
139
2,216
11,291
44,572

7
116
690
3,592

1
4
19
140

98.9
99.3
99.2
99.1
99.0

1.1

$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 $250,000,000............................

6,161,147
9,035,287
5,463,988
4,533,096
5,483,595

6,108,301
8,966,167
5,418,624
4,497,066
5,433,395

47,958
62,214
40,349
31,784
44,052

4,598
6,396
4,597
3,754
5,472

290
510
418
492
676

$250,000,000 to $500,000,000............................
$500,000,000 to $1,000,000,000.........................
$1,000,000,000 to $2,500,000,000.....................
$2,500,000,000 or more........................................

3,939,802
3,018,137
2,785,841
5,629,191

3,903,952
2,962,443
2,747,119
5,555,380

30,775
48,258
33,178
63,209

4,429
6,569
4,956
9,305

646
867
588
1,297

Percent of to ta l...................................................
Banks with deposits of—
Less than $250,000................................................
$250,000 to $500,000............................................
$500,000 to $1,000,000.........................................
$1,000,000 to $2,000,000.....................................
$2,000,000 to $5,000,000.....................................

100.0%

100.0%

100.0%

100.0%

100.0%

0)
0)
.6
2.5
9.7

0)
0)
.6
2.5
9.7

0)
0)
.5
2.5
9.7

0)
.2
1.3
6.6

0)
.1
.3
2.3

BANKS

$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 $250,000,000............................

11.7
17.1
10.3
8.6
10.4

11.7
17.1
10.4
8.6
10.4

10.4
13.5
8.8
6.9
9.6

8.4
11.7
8.4
6.9
10.1

4.9
8.6
7.0
8.3
11.3

$250,000,000 to $500,000,000............................
$500,000,000 to $1,000,000,000.........................
$1,000,000,000 to $2,500,000,000.....................
$2,500,000,000 or more........................................

7.5
5.7
5.3
10.6

7.5
5.7
5.2
10.6

6.7
10.5
7.2
13.7

8.1
12.1
9.1
17.1

10.9
14.6
9.9
21.8




.9 %

.1%

C)
1

.8
.8
.9

(i)
(i)
.1
.1

(i)
^i)
(i)
0)

99.1
99.2
99.2
99.2
99.1

.8
.7
.7
.7
.8

.1
.1
.1
.1
.1

(1)
0)
(1)
(1)
0)

99.1
98.2
98.6
98.7

.8
1.6
1.2
1.1

.1
.2
.2
.2

0)
(1)
(1)
0)

INSURED

1 Less than .05 percent.

99.0%

O
F

Savings and tim e accounts— to ta l.................

COMMERCIAL

ACCOUNTS

Total

Percent of total accounts

o>

D e ta ile d

T a b le s :

T able 43.

D

D is tr ib u tio n

is t r ib u t io n of

D

of

e p o s it s

D e p o s it s in
A c c o r d in g

to

In su re d
S iz e

of

C o m m e r c ia l B a n k s A c c o r d in g

to

S iz e

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

of

A ccount

21, 1955

b a n k s g r o u p e d b y f e d e r a l d e p o s it i n s u r a n c e c o r p o r a t io n d is t r ic t a n d s t a t e

FDIC District and State
Total

Continental U. S .................................................

FDIC District

District of Columbia.........................................




More
than
$100,000

$71,295,480

$19,550,702

$23,912,350

$67,090,946

39.2%

10.8%

13.1%

71,117,254

19,508,290

23,860,805

66,971,661

39.2

10.8

13.1

36.9

119,285

45.5

10.8

13.2

30.5

$10,000
or less

36.9%

391,468

178,226

42,412

51,545

8,674,091
41,184,134
21,647,014
10,084,337
7,751,722
10,305,655
15,112,528
17,349,769
5,200,319
7,369,967
12,581,596
24,588,346

3,355,945
10,816,343
9,377,553
4,473,267
3,373,640
4,370,392
7,492,141
6,836,726
2,715,492
3,204,153
4,533,160
10,746,668

887,168
3,152,393
2,284,456
1,094,550
963,036
1,133,571
1,727,146
1,987,340
616,771
927,597
1,421,135
3,355,539

1,276,681
4,843,901
2,722,067
1,408,330
1,216,623
1,493,213
1,869,174
2,241,617
662,441
1,073,799
1,962,460
3,142,044

3,154,297
22,371,497
7,262,938
3,108,190
2,198,423
3,308,479
4,024,067
6,284,086
1,205,615
2,164,418
4,664,841
7,344,095

38.7
26.3
43.3
44.4
43.5
42.4
49.6
39.4
52.2
43.5
36.0
43.7

10.2
7.6
10.6
10.8
12.4
11.0
11.4
11.5
11.9
12.6
11.3
13.6

14.7
11.8
12.6
14.0
15.7
14.5
12.4
12.9
12.7
14.6
15.6
12.8

36.4
54.3
33.5
30.8
28.4
32.1
26.6
36.2
23.2
29.3
37.1
29.9

1,573,648
703,751
931,759
18,648,234
1,611,677

725,000
319,611
471,806
7,887,158
679,505

187,844
98,800
125,363
2,581,540
208,948

239,766
99,755
158,740
2,348,561
231,719

421,038
185,585
175,850
5,830,975
491,505

46.1
45.4
50.6
42.3
42.1

11.9
14.0
13.5
13.8
13.0

15.2
14.2
17.0
12.6
14.4

26.8
26.4
18.9
31.3
30.5

2,070,930
561,578
1,356,583
3,006,933
2,251,014

889,282
193,718
473,986
1,263,842
905,682

238,202
59,478
133,228
403,645
244,609

277,270
81,388
190,274
476,672
355,164

666,176
226,994
559,095
862,774
745,559

42.9
34.5
35.0
42.0
40.2

11.5
10.6
9.8
13.4
10.9

13.4
14.5
14.0
15.9
15.8

32.2
40.4
41.2
28.7
33.1

CO R P O R A TIO N

State

More
than
$100,000

$25,000
to
$100,000

INSURANCE

Other areas............................................................

181,458,010

$25,000
to
$100,000

$10,000
to
$25,000

DEPOSIT

T otal United S tates............................................... $181,849,478

$10,000
to
$25,000

$10,000
or less

FEDERAL

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts of—

Idaho.....................................................................
Illinois...................................................................
Indiana.................................................................

54.0
36.6
49.3
55.3
47.8

16.6
11.2
11.7
13.2
13.2

14.6
12.9
13.1
13.1
14.8

14.8
39.3
25.9
18.4
24.2

Kentucky.............................................................
Louisiana..............................................................
Maine....................................................................
Maryland.............................................................
Massachusetts....................................................

1,725,908
2,389,408
534,828
1,942,098
4,680,475

867,833
823,223
305,847
832,683
1,440,052

209,600
248,731
65,683
214,600
427,000

245,100
345,797
73,093
261,926
745,809

403,375
971,657
90,205
632,889
2,067,614

50.3
34.4
57.2
42.9
30.8

12.1
10.4
12.3
11.0
9.1

14.2
14.5
13.6
13.5
15.9

23.4
40.7
16.9
32.6
44.2

Michigan..............................................................
Minnesota............................................................
Mississippi...........................................................
Missouri...............................................................
Montana..............................................................

7,454,166
3,395,352
920,127
5,217,740
677,152

3,555,277
1,653,535
479,116
2,000,734
339,957

842,290
335,753
126,938
521,251
111,875

916,131
429,173
145,021
734,283
100,859

2,140,468
976,891
169,052
1,961,472
124,461

47.7
48.7
52.1
38.3
50.2

11.3
9.9
13.8
10.0
16.5

12.3
12.6
15.7
14.1
14.9

28.7
28.8
18.4
37.6
18.4

Nebraska..............................................................
Nevada.................................................................
New Hampshire.................................................
New Jersey..........................................................
New Mexico........................................................

1,459,409
300,638
289,667
5,714,001
492,106

694,348
130,020
147,759
3,148,243
212,608

193,438
46,082
38,423
660,741
62,853

212,040
43,107
45,515
692,206
76,546

359,583
81,429
57,970
1,212,811
140,099

47.6
43.3
51.0
55.1
43.2

13.3
15.3
13.3
11.6
12.8

14.5
14.3
15.7
12.1
15.5

24.6
27.1
20.0
21.2
28.5

New York............................................................
North Carolina...................................................
North Dakota....................................................
Oklahoma............................................................

34,696,804
2,282,941
528,118
9,462,403
2,092,682

7,377,590
911,580
349,681
4,131,950
778,355

2,411,373
225,686
79,594
1,004,015
224,223

4,042,682
337,468
58,691
1,183,801
295,034

20,865,159
808,207
40,152
3,142,637
795,070

21.3
39.9
66.2
43.7
37.2

6.9
9.9
15.1
10.6
10.7

11.7
14.8
11.1
12.5
14.1

60.1
35.4
7*6
33.2
38.0

Oregon..................................................................
Pennsylvania......................................................
Rhode Island......................................................
South Carolina...................................................
South Dakota
...............................................

1,792,135
12,184,611
790,097
865,996
599,697

901,575
5,245,603
357,803
396,562
372,319

246,622
1,280,441
80,624
106,980
89,549

249,514
1,538,266
104,985
141,763
73,718

394,424
4,120,301
246,685
220,691
64,111

50.3
43.1
45.3
45.8
62.1

13.8
10.5
10.2
12.3
14.9

13.9
12.6
13.3
16.4
12.3

22.0
33.8
31.2
25.5
10.7

Tennessee.............................................................
Texas ...................................................................
Utah......................................................................
Vermont...............................................................
Virginia................................................................

2,430,248
8,996,331
769,351
308,094
2,569,002

1,030,019
3,177,718
337,245
215,202
1,287,612

277,357
1,010,751
81,345
37,236
294,492

355,090
1,440,362
89,151
30,009
328,268

767,782
3,367,500
261,610
25,647
658,630

42.4
35.3
43.8
69.9
50.1

11.4
11.3
10.6
12.1
11.5

14.6
16.0
11.6
9.7
12.8

31.6
37.4
34.0
8.3
25.6

Washington.........................................................
West Virginia......................................................
Wisconsin.............................................................
Wyoming..............................................................

2,371,438
1,067,717
3,678,641
318,125

1,124,420
570,844
1,976,033
149,863

291,146
119,564
419,311
51,648

310,812
148,631
432,217
55,743

645,060
228,678
851,080
60,871

47.4
53.5
53.7
47.1

12.3
11.2
11.4
16.2

13.1
13.9
11.8
17.5

27.2
21.4
23.1
19.2




BANKS

77,845
5,806,702
1,032,519
477,384
457,389

COMMERCIAL

76,979
1,903,732
520,826
337,885
279,263

INSURED

87,193
1,644,851
465,545
342,489
249,340

I
N

284,816
5,402,760
1,960,831
1,433,966
902,082

DEPOSITS

Kansas..................................................................

526,833
14,758,045
3,979,721
2,591,724
1,888,074

*<r

00

Table 44.

D

is t r ib u t io n o f

D

e p o s it s

A c c o r d in g

to

S iz e

of

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

21, 1955

b a n k s g r o u p e d b y a m o u n t o f d e p o s it s , p o p u l a t io n o f c e n t e r i n w h i c h l o c a t e d ,
c l a s s , a n d p e r c e n t o f d e p o s it s i n s u r e d ; a n d a c c o u n t s g r o u p e d b y t y p e

Classification
Total

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

$71,295,480

$19,550,702

$23,912,350

$67,090,946

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

13.1%

363
15,111
154,589
972,476

83.5
80.4
76.6
71.5
66.2

9.8
11.8
13.1
14.3
14.6

6.7
7.5
9.0
10.6
12.2

.3
1.3
3.6
7.0

1,945,665
2,689,230
2,083,387
2,089,212
2,987,508

1,801,466
3,631,970
3,511,576
4,533,496
8,818,476

60.1
54.5
47.1
39.3
32.7

14.1
13.3
12.7
11.3
9.8

13.4
13.7
15.0
15.6
14.6

12.4
18.5
25.2
33.8
42.9

1,599,230
1,623,895
1,347,489
2,204,996

2,640,721
2,126,135
2,107,616
2,961,877

9,108,482
7,901,560
11,618,746
15,022,635

27.1
28.0
20.3
24.9

8.7
10.0
7.1
8.2

14.4
13.2
11.2
11.0

49.8
48.8
61.4
55.9

422,239
1,087,962
2,445,903
5,280,482
4,526,849

83,570
209,520
506,354
1,137,940
1,053,800

64,429
141,577
349,160
902,017
928,234

100,830
39,688
143,591
477,876
729,681

62.9
73.6
71.0
67.7
62.5

12.5
14.1
14.7
14.6
14.6

9.6
9.6
10.1
11.6
12.8

15.0
2.7
4.2
6.1
10.1

5,858,524
7,480,415
5,667,200
5,007,842
6,450,752

1,368,282
1,850,360
1,431,147
1,298,791
1,780,987

1,283,209
1,884,509
1,590,738
1,680,428
2,481,978

1,274,691
2,455,753
2,467,095
3,104,922
6,557,420

59.9
54.7
50.8
45.1
37.3

14.0
13.5
12.8
11.7
10.3

13.1
13.8
14.3
15.2
14.4

13.0
18.0
22.1
28.0
38.0

4,678
124,579
1,147,732
4,317,883
13,954,986

3,906
100,191
879,551
3,088,554
9,241,263

457
14,728
149,815
616,434
2,031,421

315
9,297
103,255
458,306
1,709,826

$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 $250,000,000............................

14,516,862
19,661,002
13,907,241
13,400,573
20,536,733

8,724,447
10,721,926
6,545,496
5,260,671
6,715,648

2,045,284
2,617,876
1,766,782
1,517,194
2,015,101

$250,000,000 to $500,000,000............................
$500,000,000 to $1,000,000,000.........................
$1,000,000,000 to $2,500,000,000.....................
$2,500,000,000 or more........................................

18,302,582
16,187,608
18,911,600
26,875,419

4,954,149
4,536,018
3,837,749
6,685,911

Banks in centers with population in
1950 of—
Less than 250..........................................................
250 to 500................................................................
500 to 1,000.............................................................
1,000 to 2,500.........................................................
2,500 to 5,000.........................................................

671,068
1,478,747
3,445,008
7,798,315
7,238,564

5,000 to 10,000.......................................................
10,000 to 25,000.....................................................
25,000 to 50,000.....................................................
50,000 to 100,000...................................................
100,000 to 250,000.................................................

9,784,706
13,671,037
11,156,180
11,091,983
17,271,137

36.9%

CORPORATION

10.8%

INSURANCE

39.2%

Banks with deposits of—
Less than $250 000
.................
$250,000 to $500,000............................................
$500,000 to $1,000,000.........................................
$1,000,000 to $2,000,000.....................................
$2,000,000 to $5,000,000.....................................




$10,000
or less

DEPOSIT

All insured com mercial b anks......................... $181,849,478

$10,000
or less

FEDERAL

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts of—

2,441,779
4,284,312
1,498,420
4,381,560

7,114,728
13,672,671
4,936,884
24,015,116

34.7
34.5
31.9
16.8

9.8
10.7
10.7
6.6

14.2
13.1
13.4
11.8

41.3
41.7
44.0
64.8

Class of bank
National, members F . R . System.....................
State, members F. R . System............................
Not members F. R . System...............................

99,642,699
55,839,420
26,367,359

37,920,755
17,339,048
16,035,677

10,664,401
5,282,139
3,604,162

13,399,708
7,280,458
3,232,184

37,657,835
25,937,775
3,495,336

38.1
31.1
60.8

10.7
9.4
13.7

13.4
13.0
12.2

37.8
46.5
13.3

Banks w ith percent of deposits in ­
sured of—
100 percent..............................................................
90 to 99 percent.....................................................
80 to 89 percent.....................................................
70 to 79 percent.....................................................
60 to 69 percent.....................................................
50 to 59 percent.....................................................

6,537
4,209,873
15,882,095
23,433,738
24,371,695
30,538,115

6,537
3,455,184
11,293,542
14,298,274
12,495,889
13,250,142

528,793
2,274,119
3,324,790
3,288,071
3,820,817

210,570
1,643,299
3,055,587
3,543,428
4,177,661

15,326
671,135
2,755,087
5,044,307
9,289,495

100.0
82.1
71.1
61.0
51.3
43.4

12.5
14.3
14.2
13.5
12.5

5.0
10.4
13.0
14.5
13.7

.4
4.2
11.8
20.7
30.4

40
30
20
10
0

16,037,506
24,445,028
24,728,198
15,177,998
3,018,695

5,158,122
6,066,190
3,776,187
1,419,518
75,895

1,761,066
2,117,709
1,602,983
753,451
78,903

2,550,436
3,571,434
3,198,703
1,722,688
238,544

6,567,882
12,689,695
16,150,325
11,282,341
2,625,353

32.2
24.8
15.3
9.4
2.5

11.0
8.7
6.5
5.0
2.6

15.9
14.6
12.9
11.3
7.9

40.9
51.9
65.3
74.3
87.0

Type of account
Individual, partnership, and corporation
accounts:
Demand................................................................ 100,122,450
44,104,582
Savings and time...............................................
15,164,643
Interbank accounts...............................................
3,781,487
U . S. Government accounts...............................
11,442,115
State and political subdivision accounts.........
3,140,905
Uninvested trust funds........................................
1,303,543
Drafts........................................................................
2,789,753
Other items..............................................................

34,867,618
33,674,023
144,096
71,630
484,380
737,919
289,925
1,025,889

11,709,039
6,136,858
354,408
72,145
529,710
382,171
151,853
214,518

16,491,258
2,255,021
1,863,954
260,245
1,767,003
613,419
345,346
316,104

37,054,535
2,038,680
12,802,185
3,377,467
8,661,022
1,407,398
516,419
1,233,242

34.8
76.4
1.0
1.9
4.2
23.5
22.3
36.8

11.7
13.9
2.3
1.9
4.6
12.2
11.6
7.7

16.5
5.1
12.3
6.9
15.5
19.5
26.5
11.3

37.0
4.6
84.4
89.3
75.7
44.8
39.6
44.2

to
to
to
to
to

49 percent.....................................................
39 percent.....................................................
29 percent.....................................................
19 percent.....................................................
9 percent........................................................

BANKS




COMMERCIAL

1,692,792
3,491,867
1,201,672
2,443,620

INSURED

5,964,960
11,308,736
3,576,806
6,216,810

I
N

17,214,259
32,757,586
11,213,782
37,057,106

DEPOSITS

250.000 to 5 0 0 ,0 0 0 .............................................
500.000 to 1,000,000.............................................
1,000,000 to 2,500,000.........................................
2.500.000 or more..................................................

-<r
co

Table 45.

D i s t r i b u t i o n o f D e m a n d D e p o s i t s o f I n d i v i d u a ls , P a r t n e r s h i p s , a n d C o r p o r a t i o n s ,

A c c o r d in g

to

S iz e

of

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

21, 1955

b a n k s g r o u p e d b y f e d e r a l d e p o s it i n s u r a n c e c o r p o r a t io n d is t r ic t a n d s t a t e

FDIC District and State

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

More
than
$100,000

T otal United S tates............................................... $100,122,450

$34,867,618

$11,709,039

$16,491,258

$37,054,535

34.8%

11.7%

16.5%

37.0%

Continental U. S.................................................

99,978,121

34,793,786

11,685,441

16,464,155

37,034,739

34.8

11.7

16.5

37.0

Other areas............................................................

144,329

73,832

23,598

27,103

19,796

51.2

16.3

18.8

13.7

5,045,137
24,054,205
11,563,293
5,583,513
4,561,649
5,857,196
7,250,441
9,386,898
2,723,296
4,586,582
7,732,129
11,778,111

1,526,632
4,942,759
3,794,872
2,422,429
2,098,626
2,626,655
2,821,395
3,137,539
1,375,181
2,224,623
3,241,202
4,655,705

615,714
2,115,899
1,323,464
718,901
638,713
714,002
911,757
1,131,306
372,495
666,876
1,048,243
1,451,669

975,048
3,652,411
1,966,204
998,097
807,934
926,620
1,263,766
1,496,424
388,949
698,037
1,356,940
1,960,828

1,927,743
13,343,136
4,478,753
1,444,086
1,016,376
1,589,919
2,253,523
3,621,629
586,671
997,046
2,085,744
3,709,909

30.3
20.5
32.8
43.4
46.0
44.8
38.9
33.4
50.5
48.5
41.9
39.5

12.2
8.8
11.5
12.9
14.0
12.2
12.6
12.1
13.7
14.5
13.6
12.3

19.3
15.2
17.0
17.9
17.7
15.8
17.4
15.9
14.3
15.2
17.5
16.7

38.2
55.5
38.7
25.8
22.3
27.2
31.1
38.6
21.5
21.8
27.0
31.5

California.............................................................
Colorado...............................................................

931,496
400,444
580,731
8,585,460
942,295

431,616
186,765
328,826
3,232,796
391,769

117,655
60,587
86,184
1,008,859
136,546

155,780
74,364
93,461
1,413,157
161,236

226,445
78,728
72,260
2,930,648
252,744

46.4
46.6
56.6
37.7
41.6

12.6
15.1
14.8
11.8
14.5

16.7
18.6
16.1
16.4
17.1

24.3
19.7
12.5
34.1
26.8

Connecticut.........................................................
Delaware..............................................................
District of Columbia.........................................
Florida..................................................................
Georgia.................................................................

1,214,821
363,164
882,709
1,795,761
1,307,258

408,165
120,104
276,828
816,813
535,639

151,578
39,205
97,451
284,699
155,671

217,151
61,237
156,532
347,288
223,328

437,927
142,618
351,898
346,961
392,620

33.6
33.1
31.4
45.5
41.0

12.5
10.8
11.0
15.9
11.9

17.9
16.9
17.7
19.3
17.1

36.0
39.2
39.9
19.3
30.0

FDIC District
District 1 .............................................................
District 2 ..............................................................
District 3 .............................................................
District 4 ..............................................................
District 5 ..............................................................
District
District
District
District

7. ............................................................
8 ..............................................................
9 . . . ........................................................
10...........................................................

District 12...........................................................
State




$10,000
or less

CORPORATION

$25,000
to
$100,000

INSURANCE

$10,000
to
$25,000

DEPOSIT

$10,000
or less

Total

FEDERAL

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts of—

56.3
29.0
46.4
59.1
56.9

16.0
11.6
13.5
14.8
15.8

16.3
16.4
16.7
13.1
14.6

11.4
43.0
23.4
13.0
12.7

Kentucky.............................................................
Louisiana..............................................................
Maine....................................................................
Maryland.............................................................
Massachusetts....................................................

1,103,355
1,225,701
256,061
1,064,400
2,922,055

602,496
481,892
116,812
417,207
772,127

143,592
172,985
39,862
138,174
336,255

156,496
229,621
52,258
197,679
572,789

200,771
341,203
47,129
311,340
1,240,884

54.6
39.3
45.6
39.2
26.4

13.0
14.1
15.6
13.0
11.5

14.2
18.8
20.4
18.6
19.6

18.2
27.8
18.4
29.2
42.5

Michigan..............................................................
Minnesota............................................................
Mississippi...........................................................
Missouri...............................................................
Montana..............................................................

3,400,093
1,591,562
527,134
2,989,711
434,818

1,121,335
679,177
314,558
1,162,475
228,341

399,813
178,427
80,688
345,651
83,719

610,083
237,396
81,538
478,244
72,702

1,268,862
496,562
50,350
1,003,341
50,056

33.0
42.7
59.7
38.9
52.5

11.8
11.2
15.3
11.6
19.3

17.9
14.9
15.5
16.0
16.7

37.3
31.2
9.5
33.5
11.5

Nebraska............................................................
Nevada.................................................................
New Hampshire.................................................
New Jersey..........................................................
New Mexico........................................................

969,941
151,395
158,273
2,687,900
262,460

530,322
67,016
71,237
1,116,593
143,294

154,577
27,051
24,609
391,691
42,573

138,203
29,339
32,933
521,398
48,905

146,839
27,989
29,494
658,218
27,688

54.7
44.2
45.0
41.5
54.6

15.9
17.9
15.6
14.6
16.2

14.3
19.4
20.8
19.4
18.6

15.1
18.5
18.6
24.5
10.6

New York............................................................
North Carolina.. . .............................................
North Dakota....................................................
Oklahoma............................................................

20,936,381
1,204,994
340,312
4,842,972
1,347,812

3,674,808
534,928
228,274
1,592,812
559,136

1,675,395
156,988
51,727
546,659
161,917

3,057,215
225,633
37,836
842,262
197,309

12,528,963
287,445
22,475
1,861,239
429,450

17.6
44.4
67.1
32.9
41.5

8.0
13.0
15.2
11.3
12.0

14.6
18.7
11.1
17.4
14.6

59.8
23.9
6.6
38.4
31.9

Oregon..................................................................
Pennsylvania......................................................
Rhode Island......................................................
South Carolina...................................................
South Dakota.....................................................

951,172
6,720,321
390,321
569,491
356,604

435,883
2,202,060
101,537
288,306
239,389

131,264
776,805
48,110
83,450
58,622

168,072
1,123,942
82,720
98,921
41,015

215,953
2,617,514
157,954
98,814
17,578

45.8
32.8
26.0
50.6
67.2

13.8
11.6
12.3
14.6
16.4

17.7
16.7
21.2
17.4
11.5

22.7
38.9
40.5
17.4
4.9

Tennessee.............................................................
Texas.....................................................................
Utah......................................................................
Vermont...............................................................
Virginia................................................................

1,183,399
5,843,524
382,976
103,606
1,282,283

532,858
2,429,251
133,577
56,754
606,621

138,575
772,098
39,795
15,300
167,952

198,419
1,004,050
59,265
17,197
216,815

313,547
1,638,125
150,339
14,355
290,895

45.0
41.6
34.9
54.8
47.3

11.7
13.2
10.4
14.8
13.1

16.8
17.2
15.5
16.6
16.9

26.5
28.0
39.2
13.8
22.7

Washington. . ......................................................
West Virginia......................................................
Wisconsin.............................................................
Wyoming..............................................................

1,339,465
579,636
1,736,467
186,533

580,630
298,539
718,461
95,009

184,293
74,886
226,940
33,430

229,066
102,517
301,579
35,267

345,476
103,694
489,487
22,827

43.3
51.5
41.4
50.9

13.8
12.9
13.1
17.9

17.1
17.7
17.3
18.9

25.8
17.9
28.2
12.3




BANKS

33,045
3,441,231
495,174
180,398
145,186

COMMERCIAL

47,387
1,314,691
352,104
181,733
166,022

INSURED

46,417
925,268
285,004
206,038
180,406

I
N

163,225
2,318,241
981,599
819,298
648,387

DEPOSITS

Kansas..................................................................

290,074
7,999,431
2,113,881
1,387,467
1,140,001

Idaho.....................................................................
Illinois...................................................................
Indiana.................................................................

oo

Table 46.

D

i s t r i b u t i o n o f s a v in g s a n d

A

c c o r d in g t o

S iz e

of

T im e D

e p o s it s o f

I n d iv id u a l s , P a r t n e r s h ip s ,

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

and

C o r p o r a t io n s ,

21, 1955

b a n k s g r o u p e d b y f e d e r a l d e p o s it i n s u r a n c e c o r p o r a t io n d is t r ic t a n d s t a t e

FD IC District and State

76.4%

13.9%

5.1%

4.6%

2,033,285

76.4

13.9

5.1

4.6

92,314

13,762

8,780

5,395

76.8

11.4

7.3

4.5

1,900,282
6,919,289
6,462,041
2,403,457
1,497,203
2,034,254
5,382,164
4,408,240
1,443,395
1,127,834
1,645,166
8,881,257

1,645,606
5,336,053
5,261,726
1,918,284
1,139,812
1,588,261
4,431,186
3,425,434
1,214,226
862,499
1,110,930
5,740,006

166,458
707,198
776,333
288,887
216,347
284,027
671,397
689,083
172,955
172,862
227,591
1,763,720

39,514
205,861
252,356
108,148
81,524
112,863
205,191
216,398
44,813
66,335
126,042
795,976

F
48,704
670,177
171,626
88,138
59,520
49,103
74,390
77,325
11,401
26,138
180,603
581,555

86.6
77.1
81.4
79.8
76.1
78.1
82.3
77.7
84.1
76.5
67.5
64.6

8.7
10.2
12.0
12.0
14.5
14.0
12.5
15.6
12.0
15.3
13.8
19.9

2.1
3.0
3.9
4.5
5.4
5.5
3.8
4.9
3.1
5.9
7.7
9.0

2.6
9.7
2.7
3.7
4.0
2.4
1.4
1.8
.8
2.3
11.0
6.5

339,327
176,727
161,978
7,068,304
359,557

266,477
121,593
123,510
4,387,385
265,613

49,286
33,353
22,454
1,477,184
58,839

19,411
15,468
11,283
689,811
24,804

4,153
6,313
4,731
513,924
10,301

78.6
68.8
76.2
62.1
73.9

14.5
18.9
13.9
20.9
16.4

5.7
8.7
7.0
9.8
6.9

1.2
3.6
2.9
7.2
2.8

487,860
83,862
274,324
561,259
426,165

425,491
64,587
181,167
405,028
335,275

52,566
13,715
28,363
85,671
57,130

4,604
4,596
16,783
29,135
22,149

5,199
964
48,011
41,425
11,611

87.2
77.0
66.1
72.1
78.7

10.8
16.4
10.3
15.3
13.4

.9
5.5
6.1
5.2
5.2

1.1
1.1
17.5
7.4
2.7

33,581,709

Other areas............................................................

120,251

District 6 ............................................................
District 8 . . . ........................................................
District 9 .............................................................
District 10............................................................

State

District of Columbia.........................................




CORPORATION

$2,038,680

2,246,241

$33,674,023

43,984,331

$10,000
or less

INSURANCE

$2,255,021

6,123,096

$44,104,582

Continental U. S ................................................

$10,000
to
$25,000

DEPOSIT

$6,136,858

Total United S tates...............................................

FDIC District

More
than
$100,000

More
than
$100,000

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

$25,000
to
$100,000

Total

FEDERAL

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts of—

Idaho.....................................................................
Illinois...................................................................
Indiana.................................................................

69.6
76.9
82.5
81.8
79.1

21.7
15.9
12.8
14.1
15.3

6.6
5.2
3.5
3.7
4.6

2.1
2.0
1.2
.4
1.0

Kentucky.............................................................
Louisiana..............................................................
Maine....................................................................
Maryland.............................................................
Massachusetts. ..................................................

288,357
370,848
210,462
481,855
661,594

233,702
303,883
179,183
395,265
578,572

38,901
45,040
20,768
63,038
38,256

12,906
16,777
7,632
16,548
10,629

2,848
5,148
2,879
7,004
34,137

81.0
82.0
85.1
82.0
87.4

13.5
12.1
9.9
13.1
5.8

4.5
4.5
3.6
3.4
1.6

1.0
1.4
1.4
1.5
5.2

Michigan..............................................................
Minnesota............................................................
Mississippi...........................................................
Missouri...............................................................
Montana..............................................................

2,862,343
1,047,792
170,452
933,964
133,521

2,309,573
901,111
133,032
764,595
102,704

376,072
110,559
24,260
112,478
22,764

129,199
28,748
10,829
38,554
7,173

47,499
7,374
2,331
18,337
880

80.7
86.0
78.0
81.9
76.9

13.1
10.6
14.2
12.0
17.0

4.5
2.7
6.4
4.1
5.4

1.7
.7
1.4
2.0
.7

Nebraska..............................................................
Nevada.................................................................
New Hampshire.................................................
New Jersey..........................................................
New Mexico........................................................

162,309
85,451
83,563
2,254,067
94,246

138,227
57,978
70,590
1,953,414
62,092

18,457
17,117
10,006
229,318
14,695

5,122
7,491
2,383
52,200
8,776

503
2,865
584
19,135
8,683

85.2
67.8
84.5
86.7
65.9

11.4
20.0
12.0
10.2
15.6

3.1
8.8
2.8
2.3
9.3

.3
3.4
.7
.8
9.2

New York............................................................
North Carolina...................................................
North Dakota.....................................................
Oklahoma............................................................

4,502,851
410,372
124,136
2,988,293
255,960

3,259,953
341,337
99,444
2,409,416
190,647

456,261
43,438
19,784
382,774
39,737

141,954
18,072
4,456
130,769
16,411

644,683
7,525
452
65,334
9,165

72.4
83.2
80.1
80.6
74.5

10.1
10.6
15.9
12.8
15.5

3.2
4.4
3.6
4.4
6.4

14.3
1.8
.4
2.2
3.6

Oregon..................................................................
Pennsylvania......................................................
Rhode Island......................................................
South Carolina...................................................
South Dakota.....................................................

605,765
3,473,748
282,421
115,065
137,946

442,149
2,852,310
242,488
93,838
110,967

100,279
393,559
26,554
12,592
19,848

43,489
121,587
9,130
4,407
4,436

19,848
106,292
4,249
4,228
2,695

73.0
82.1
85.9
81.6
80.4

16.5
11.3
9.4
10.9
14.4

7.2
3.5
3.2
3.8
3.2

3.3
3.1
1.5
3.7
2.0

Tennessee.............................................................
Texas.....................................................................
Utah......................................................................
Virginia................................................................

649,955
1,003,345
251,978
174,382
807,580

466,454
623,362
191,738
149,282
648,487

110,194
134,503
35,851
18,308
105,431

50,120
85,021
9,317
5,136
37,505

23,187
160,459
15,072
1,656
16,157

71.8
62.1
76.1
85.6
80.3

16.9
13.4
14.2
10.5
13.1

7.7
8.5
3.7
2.9
4.6

3.6
16.0
6.0
1.0
2.0

Washington.........................................................
West Virginia......................................................
Wisconsin.............................................................
Wyoming..............................................................

663,989
314,261
1,395,523
73,528

512,339
258,190
1,193,945
49,389

91,865
36,025
151,685
13,466

33,360
14,833
36,350
7,206

26,425
5,213
13,543
3,467

77.2
82.1
85.5
67.2

13.8
11.5
10.9
18.3

5.0
4.7
2.6
9.8

4.0
1.7
1.0
4.7




BANKS

3,421
74,582
13,348
2,743
2,702

COMMERCIAL

10,839
191,139
39,642
25,259
12,792

INSURED

35,566
591,139
143,640
97,944
42,363

I
N

114,202
2,858,011
927,668
567,423
218,623

DEPOSITS

Kansas..................................................................

164,028
3,714,871
1,124,298
693,369
276,480

00
CO

Table 47.
A

D

is t r i b u t i o n o f

c c o r d in g t o

S iz e

D

of

emand

D

e p o s it s o f

I n d iv id u a l s , P a r t n e r s h ip s ,

and

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

C o r p o r a t io n s ,

21, 1955

b a n k s g r o u p e d b y a m o u n t o f d e p o s it s

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts of—
Size group

More
than
$100,000

Demand deposits— to ta l..............

$100,122,450

$34,867,618

$11,709,039

$16,491,258

$37,054,535

Banks with deposits of—
Less than $250,000........................
$250,000 to $500,000.....................
$500,000 to $1,000,000.................
$1,000,000 to $2 ,000,000..............
$2,000,000 to $5,000,000..............

3,301
88,311
720,252
2,538,465
7,705,905

3.004
76,399
592,713
1,937,350
5,302,093

266
9,293
87,758
359,140
1,217,412

31
2,619
35,937
197,750
879,812

$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 $250,000,000. . .

7,693,271
10,227,032
7,364,356
7,218,221
10,789,593

4,553,592
5,063,004
2,997,062
2,416,651
3,040,823

1,262,393
1,630,689
1,116,827
976,391
1,254,038

$250,000,000 to $500,000,000. . .
$500,000,000 to $1,000,000,000..
$1,000,000,000 to $2,500,000,000
$2,500,000,000 or more.................

10,480,767
8,950,583
11,461,574
14,880,819

2,335,341
1,989,487
1,608,730
2,951,369

Percent of to ta l...........................
Banks with deposits of—
Less than $250,000........................
$250,000 to $500,000.....................
$500,000 to $1,000,000.................
$1,000,000 to $2 ,000,000..............
$2,000,000 to $5,000,000..............

100.0 %

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

37.0%

34.8%

11.7%

16.5%

3,844
44,225
306,588

91.0
86.5
82.3
76.3
68.8

8.1
10.5
12.2
14.2
15.8

.9
3.0
5.0
7.8
11.4

.5
1.7
4.0

1,196,224
1,926,975
1,541,121
1,554,127
2,173,403

681,062
1,606,364
1,709,346
2,271,052
4,321,329

59.2
49.5
40.7
33.5
28.2

16.4
16.0
15.2
13.5
11.6

15.5
18.8
20.9
21.5
20.1

8.9
15.7
23.2
31.5
40.1

1,022,801
806,725
777,976
1,187,330

1,895,700
1,480,644
1,507,363
2,099,552

5,226,925
4,673,727
7,567,505
8,642,568

22.3
22.2
14.0
19.8

9.7
9.0
6.8
8.0

18.1
16.6
13.2
14.1

49.9
52.2
66.0
58.1

100.0%

100.0 %

100.0%

100.0%

0)
.1
.7
2.5
7.7

0)
.2
1.7
5.6
15.2

0)
.1
.8
3.1
10.4

0)
0)
.2
1.2
5.3

0)
.1

$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 $250,000,000. . .

7.7
10.2
7.4
7.2
10.8

13.1
14.5
8.6
6.9
8.7

10.8
13.9
9.5
8.3
10.7

7.3
11.7
9.3
9.4
13.2

1.8
4.4
4.6
6.1
11.7

$250,000,000 to $500,000,000. . .
$500,000,000 to $1,000,000,000..
$1,000,000,000 to $2,500,000,000
$2,500,000,000 or more.................

10.5
8.9
11.4
14.9

6.7
5.7
4.6
8.5

8.7
6.9
6.7
10.1

11.5
9.0
9.2
12.7

14.1
12.6
20.4
23.4

i Less
than .05 percent.


CO R PO R ATIO N

$25,000
to
$100,000

INSURANCE

$10,000
to
$25,000

DEPOSIT

$10,000
or less

FEDERAL

Total

Table 48.

D

i s t r i b u t io n o f

A c c o r d in g

S a v in g s

t o s iz e o f

and

T im e D

e p o s it s o f

I n d iv id u a l s , P a r t n e r s h ip s ,

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

and

C o r p o r a t io n s ,

21, 1955

BANKS GROUPED BY AMOUNT OF DEPOSITS

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts of—
Size group

595
17,562
237,761
1,014,225
3,624,645

105
1,792
28,461
145,634
577,767

269
4,247
26,559
137,764

4,772,080
6,512,482
4,157,132
3,332,808
4,395,949

3,910,572
5,336,666
3,329,976
2,630,891
3,386,205

625,305
813,215
528,647
413,559
579,245

$250 000 000 to $500,000,000............................
$500 000,000 to $1,000,000,000.........................
$1 000,000,000 to $2,500,000,000.....................
$2 500,000,000 or more........................................

3,163,667
3,632,805
2,947,358
5,344,796

2,370,081
2,363,920
2,060,489
3,390,435

Percent of total
.............................................
Banks with deposits of—
....................
Less than $250 000
$250 000 to $500,000
........................
$500 000 to $1 000 000
............................
$1 000 000 to $2 ,000,000.....................................
$2 000 000 to $5 000 000
... .

100.0%

$250,000 to $500,000............................................
$500,000 to $1,000,000.........................................
$1,000,000 to $2 ,000,000.....................................
$2,000,000 to $5,000,000.....................................

700
19,758
271,172
1,189,108
4,364,767

$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 $250,000,000............................

$25,000
to
$100,000

More
than
$100,000

76.4%

13.9%

5.1%

135
703
2,690
24,591

85.0
88.9
87.7
85.3
83.0

15.0
9.1
10.5
12.3
13.2

1.3
1.6
2.2
3.2

.7
.2
.2
.6

183,186
262,099
187,475
162,801
228,197

53,017
100,502
111,034
125,557
202,302

82.0
81.9
80.1
78.9
77.0

13.1
12.5
12.7
12.4
13.2

3.8
4.0
4.5
4.9
5.2

1.1
1.6
2.7
3.8
4.6

406,909
699,376
447,932
868,911

196,144
276,030
204,601
385,649

190,533
293,479
234,336
699,801

74.9
65.1
69.9
63.4

12.9
19.2
15.2
16.3

6.2
7.6
6.9
7.2

6.0
8.1
8.0
13.1

100.0%

100.0%

100.0%

100.0%

0)
0)
.6
2.7
9.9

0)
.1
.7
3.0
10.8

0)
0)
.5
2.4
9.4

0)
.2
1.2
6.1

(l)
0)
.1
1.2

$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 $250,000,000
.................

10.8
14.8
9.4
7.6
10.0

11.6
15.8
9.9
7.8
10.1

10.2
13.3
8.6
6.7
9.4

8.1
11.6
8.3
7.2
10.1

2.6
4.9
5.5
6.2
9.9

$250 000 000 to $500,000,000
...................
$500 000 000 to $1 000 000,000
$1 000 000 000 to $2,500,000,000
$2 500 000,000 or more ......................................

7.2
8.2
6.7
12.1

7.0
7.0
6.1
10.1

6.6
11.4
7.3
14.2

8.7
12.3
9.1
17.1

9.4
14.4
11.5
34.3

Banks with deposits of—

1 Less than .05 percent.




4 .6%

BANKS

$2,038,680

$10,000
to
$25,000

COMMERCIAL

$2,255,021

$33,674,023

$10,000
or less

INSURED

$6,136,858

$44,104,582

$10,000
to
$25,000

I
N

More
than
$100,000

$10,000
or less

DEPOSITS

$25,000
to
$100,000

Total

00
o
D e t a i l e d T a b l e s : D is t r i b u t i o n o f A c c o u n t s a n d D e p o s it s b y S iz e o f A c c o u n t , I n s u r e d M u t u a l S a y i n g s B a n k s

Table 49.

D

is t r ib u t io n o f

A c c o u n t s A c c o r d in g

to

Siz e , I n su r e d M

utual

Sa y i n g s B a n k s , S e p t e m b e r

21, 1955

b a n k s g r o u p e d b y f e d e r a l d e p o s it i n s u r a n c e c o r p o r a t io n d i s t r i c t , s t a t e , a m o u n t o f
d e p o s it s , p o p u l a t i o n o f c e n t e r , a n d p e r c e n t o f d e p o s it s i n s u r e d ; a n d a c c o u n t s b y t y p e

Classification

New Jersey...............................................




$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

$10,000
or less

$10,000
to
$25,000

$25,000
to
$100,000

More
than
$100,000

220

15,144,947

14,876,105

264,761

3,895

186

98.2%

1.8%

0 )%

0 )%

38
153
10
7
6
1
5

687,443
11,535,936
1,858,359
521,368
63,462
211,417
266,962

678,274
11,320,808
1,828,204
514,814
62,751
209,810
261,444

8,693
214,142
28,151
5,978
672
1,607
5,518

471
958
1,874
558
34

5
28
130
18
5

98.7
98.1
98.4
98.8
98.9
99.2
97.9

1.2
1.9
1.5
1.1
1.0
.8
2.1

.1
0)
.1
.1
.1

0)
0)
(x
)
0)
0)

5
1
3
9
7

78,378
19,985
30,824
65,761
521,368

76,592
19,541
30,339
65,134
514,814

1,770
438
457
586
5,978

16
6
23
41
558

5

2.3
2.2
1.5
.9
1.1

0)
C)
1
.1
.1
.1

0)

18

97.7
97.8
98.4
99.0
98.8

1
12
23
129
3

211,417
204,388
840,831
10,675,120
400,938

209,810
200,767
826,739
10,474,528
395,056

1,607
3,302
13,472
200,232
5,149

4
17
11
102

99.2
98.2
98.3
98.1
98.5

.8
1.6
1.6
1.9
1.3

1
7
5
7
4
3

15,045
1,457,421
228,263
110,653
251,917
32,638

14,534
1,433,148
226,332
109,449
246,910
32,412

511
23,002
1,901
1,134
5,007
215

96.6
98.3
99.2
98.9
98.0
99.3

3.4
1.6
.8
1.0
2.0
.7

315
603
349
631
1,243
30
69
11

28
1

.2
.1

0)

.2

0)
0)
C)
1
0)

.1
C)
1
.1

0)

0)

(!)

c o r p o r a t io n

State

$10,000
or less

in s u r a n c e

FDIC District
District 1 ...................................................
District 2 ..................................................
District 3 ...................................................
District 4 ...................................................
District 7 ...................................................

Total

d epo sit

United S tates.................................................

Number
of banks

federal

Percent of total accounts

Number of accounts

17
7
43

1

98.8
97.5
98.2
98.7

1.2
2.5
1.8
1.3

0)
C)
1
0)

C)
1

6,870
12,322
8,590
16,745

160
302
250
82

1
8
14
4

98.4
98.2
98.4
98.3

1.6
1.8
1.6
1.7

C)
1
0)
0)
C)
1

I1
)
0)
0)
0)

1,015,463
1,690,052
1,353,590
7,930,787

16,455
26,576
19,836
151,945

307
1,237
1,179
311

9
113
26
10

98.4
98.4
98.5
98.1

1.6
1.5
1.4
1.9

C)
1
.1
.1
0)

V)
1
0)
0)
0)

14,489,579
655,368

14,230,403
645,702

256,158
8,603

2,958
937

60
126

98.2
98.5

1.8
1.3

0)
.2

C)
1
w

82,635
14,446,234
533
1,596

82,143
14,179,191
486
1,575

345
263,518
36
15

119
3,406
11
6

28
119

99.4
98.2
91.2
98.7

.4
1.8
6.7
.9

.2
(*)
2.1
.4

I1
)
0)

1,534
4,596
199,700
408,119

1,257
4,524
199,440
407,489

172
62
229
384

73
10
31
239

32

81.9
98.4
99.9
99.8

11.2
1.4
.1
.1

4.8
.2
(>)
.1

2.1

18,663
26,225
60,902
83,606
44,999
16,256

477
498
746
1,240
645
60

Banks in centers with popula­
tion in 1950 of—
500 to 1,000.............................................
1.000 to 2 ,500..........................................
2,500 to 5,000..........................................
5.000 to 10,000........................................

10,135
94,204
66,951
132,199

10,012
91,811
65,714
130,462

123
2,376
1,230
1,693

10.000 to 25,000. . .
25.000 to 50,000. . .
50.000 to 100,000. .
100.000 to 250,000.

447,516
680,519
543,714
961,813

440,485
667,887
534,860
944,982

1,032,234
1,717,978
1,374,631
8,083,053

250.000 to 500,000____
500.000 to 1,000,000. .
1,000,000 to 2,500,000.
2.500.000 or more.........
Banks with percent of deposits
insured of—
90 to 99 percent..................................
80 to 89 percent..................................
Type of account
Individual, partnership, and corpo­
ration accounts:
Demand............................................
Savings and time............................
Interbank accounts............................
U. S. Government accounts............
State and political subdivision ac­
counts ................................................
Uninvested trust funds.....................
Drafts....................................................
Other items..........................................

214
6

7

O)
1
C)
1
h
0)
0)

0)

BANKS

0)
0)
0)
0)
0)
C)
1

1,071,922
1,780,090
4,087,828
4,208,070
2,296,452
536,440

SAYINGS

1.7
1.5
1.5
2.0
1.9
2.9

1,091,078
1,806,828
4,149,511
4,293,021
2,342,098
552,760

MUTUAL

98.3
98.5
98.5
98.0
98.1
97.1

$25,000,000 to $50,000,000..................
$50,000,000 to $100,000,000................
$100,000,000 to $250,000,000.............
$250,000,000 to $500,000,000.............
$500,000,000 to $1,000,000,000..........
$1,000,000,000 to $2,500,000,000. . .

0)
C)
1

INSURED

16
15
35
105
2
4

4
30
77
118

O
F

0)
.1
0)
0)

16
38
470
3,067
10,519

DEPOSITS

3.0
.4
1.0
1.3
1.7

510
8,925
45,600
242,796
597,472

AN
D

2
7

97.0
99.6
98.9
98.7
98.3

526
8,967
46,100
245,942
608,116

ACCOUNTS

Banks with deposits of—
$500,000 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___

1 Less than .05 percent.

87




00

oo

Table 50.

D

is t r ib u t io n o f

D

e p o s it s

A

c c o r d in g t o

S iz e

of

A ccount, I n sured M

utual

Sa v in g s B a n k s , Se p t e m b e r

21, 1955

b a n k s g r o u p e d b y f e d e r a l d e p o s it in s u r a n c e c o r p o r a t io n d is t r i c t , s t a t e , a m o u n t o f

Percent of total deposits in accounts of—

Deposits (in thousands) in accounts o fClassification

$25,000
to
$100,000

More
than
$100,000

United States— total

$20,937,417

$17,602,667

$3,146,533

$139,494

$48,723

FDIC District
District 1 ...............
District 2 ..............
District 3 ..............
District 4 ..............
District 7 ..............
District 9 ..............
District 12............

673,289
17,355,165
1,827,578
479,471
58,987
229,101
313,826

540,874
14,819,017
1,349,621
376,989
48,146
212,579
255,441

113,780
2,497,218
373,543
78,636
8,449
16,522
58,385

18,067
33,649
66,105
20,306
1,367

State
Connecticut..........
Delaware...............
Indiana..................
Maine....................
Maryland..............

105,534
24,619
40,030
50,202
479,471

80,809
18,833
32,299
41,028
376,989

24,155
5,579
5,709
7,630
78,636

570
207
997
1,544
20,306

Minnesota.............
New Hampshire..
New Jersey...........
New York.............
Ohio.. ...................

229,101
226,316
991,184
16,339,362
374,015

212,579
169,957
796,600
14,003,584
249,382

16,522
43,660
173,275
2,318,364
67,166

Oregon. : ...............
Pennsylvania. . . .
Rhode Island. . . .
Vermont................
Washington..........
Wisconsin..............

29,379
1,453,563
182,324
108,913
284,447
18,957

23,951
1,100,239
157,036
92,044
231,490
15,847

5,428
306,377
24,290
14,045
52,957
2,740




$10,000
or less

$10,000
to
$25,000

84.1%

15.0%

5,281
38,309
3,540
1,025

80.3
85.4
73.9
78.6
81.6
92.8
81.4

16.9
14.4
20.4
16.4
14.3
7.2
18.6

1,025
3,540

76.6
76.5
80.7
81.7
78.6

12,241
17,790
15,652
24,823

458
3,519
1,762
32,644

41,282
998
2,714

5,665

370

110

$25,000
to
$100,000

.7 %

More
than
$100,000

2%

2.7
.2
3.6
4.3
2.3

.1
0)
2.1
.7
1.8

22.9
22.7
14.3
15.2
16.4

.0
2.5
3.1
4.2

2.5

92.8
75.1
80.4
85.7
66.7

7.2
19.3
17.5
14.2
18.0

5.4
1.8
.1
6.6

.2
.3
0)
8.7

81.5
75.7
86.1
84.5
81.4
83.6

18.5
21.1
13.3
12.9
18.6
14.5

2.8
.6
2.5

.4

1.9

.8

.1

C O R PO R ATIO N

$10,000
or less

INSURANCE

Total

DEPOSIT

$10,000
to
$25,000

FEDERAL

d e p o s it s , p o p u l a t i o n o f c e n t e r , a n d p e r c e n t of d e p o s it s i n s u r e d ; a n d a c c o u n t s g r o u p e d b y t y p e

231,004
313,507
718,203
989,709
539,509
188,203

16,843
17,604
27,406
45,957
20,625
2,595

Banks in centers with population
in 1950 of—
500 to 1,000........................................................
1.000 to 2,500.....................................................
2,500 to 5,000.....................................................
5.000 to 10,000...................................................

8,672
146,777
91,512
138,995

7,210
118,161
76,939
116,695

1,462
28,016
14,271
20,346

10.000 to 25,000.................................................
25.000 to 50,000.................................................
50.000 to 100,000..............................................
100.000 to 2 5 0 ,0 0 0 .........................................

479,346
828,886
643,558
1,153,111

388,223
667,198
525,083
949,868

250.000 to 5 00,000............................................
500.000 to 1,000,000.........................................
1,000,000 to 2,500,000.....................................
2.500.000 or more..............................................

1,151,374
1,934,759
1,306,415
13,054,012

Banks with percent of deposits in ­
sured of—
90 to 99 percent.................................................
80 to 89 percent.................................................
Type of account
Individual, partnership, and corporation
accounts:
Demand...........................................................
Savings and time...........................................
Interbank accounts...........................................
U . S. Government accounts.........................
State and political subdivision accounts. . .
Uninvested trust funds....................................
Drafts...................................................................
Other items..........................................................

.2
.1

4,476
2,411
6,951
32,292
413
535

81.3
84.7
85.3
83.3
84.5
84.6

17.1
14.4
14.1
15.5
14.9
15.1

1.3
.8
.5
.7
.6
.2

.3
.1
.1
.5
0)
.1

600
302
1,651

303

83.1
80.5
84.1
84.0

16.9
19.1
15.6
14.6

.4
.3
1.2

.2

85,290
150,336
105,092
199,822

5,643
10,029
9,853
2,585

190
1,323
3,530
836

81.0
80.5
81.6
82.4

17.8
18.1
16.3
17.3

1.2
1.2
1.5
.2

(5
)
.2
.6
.1

946,987
1,509,717
999,067
11,297,519

193,362
344,666
262,734
1,741,136

9,022
46,572
39,160
14,077

2,003
33,804
5,454
1,280

82.2
78.0
76.5
86.6

16.8
17.8
20.1
13.3

.8
2.4
3.0
.1

.2
1.8
.4
0)

20,337,873
599,544

17,191,994
410,673

3,032,505
114,028

102,828
36,666

10,546
38,177

84.5
68.5

14.9
19.0

.5
6.1

.1
6.4

43,508
20,741,383
2,396
973
21,530
3,868
51,502
72,257

25,692
17,470,028
1,425
418
1,810
2,404
46,804
54,086

5,067
3,128,060
551
261
2,354
1,004
3,213
6,023

5,461
117,248
420
294
3,205
460
1,485
10,921

7,288
26,047

59.0
84.2
59.5
43.0
8.4
62.1
90.9
74.9

11.6
15.1
23.0
26.8
10.9
26.0
6.2
8.3

12.6
.6
17.5
30.2
14.9
11.9
2.9
15.1

16.8
.1

14,161
1.227

65.8
1.7

BANKS

1,099,461
1,850,474
4,361,961
5,333,432
3,050,204
1,054,933

2.6
2.8
1.1
.6

SAVINGS

1,351,784
2,183,996
5,114,521
6,401,390
3,610,751
1,246,266

21.1
9.6
15.1
15.0
16.7

MUTUAL

$25,000,000 to $50,000,000............................
$50,000,000 to $100,000,000..........................
$100,000,000 to $250,000,000........................
$250,000,000 to $500,000,000........................
$500,000,000 to $1,000,000,000.....................
$1,000,000,000 to $2,500,000,000.................

493
1,152

78.9
87.8
82.1
83.7
82.6

INSURED

140
1,119
2,685
4,520

O
F

188
505
5,967
37,233
122,505

DEPOSITS

704
4,635
32,457
207,628
606,778

AND

892
5,280
39,543
248,039
734,955

ACCOUNTS

Batiks with deposits of—
$500,000 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............................

1Less than .05 percent.

89




D e t a il e d T a b l e s : A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d w i t h S p e c if ie d A m o u n t s o f C o v e r a g e
T a b le 51.

A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s i t s I n s u r e d w i t h S p e c if ie d A m o u n t s o f M a x im u m C o v e r a g e ,
I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

21, 1955

b a n k s g r o u p e d b y f e d e r a l d e p o s it i n s u r a n c e c o r p o r a t io n d i s t r i c t a n d s t a t e

Percent of accounts
fully protected with
maximum coverage of—

Deposits (in thousands) insured
with maximum coverage of—

Percent of deposits
insured with
maximum coverage of—

FDIC District and State
$10,000

$25,000 $100,000

$10,000

$25,000

$100,000

$10,000

$25,000 $100,000

T otal United S tates............................

112,551,274

113,885,370

114,399,060

98.2%

99.4%

99.9%

50.3%

59.3%

Continental U. S .............................

112,151,159

113,482,423

113,995,039

98.2

99.4

99.9

91,243,364

107,659,219

131,359,449

50.3

59.3

72.4

Other areas........................................

400,115

402,947

404,021

98.9

99.7

99.9

220,286

254,988

302,183

56.3

65.1

77.2

5,932,421
15,977,475
14,465,974
8,382,886
5,821,763
7,135,364
10,989,442
9,214,790
3,589,888
4,747,323
7,525,466
18,768,482

5,991,779
16,189,163
14,623,553
8,457,074
5,887,045
7,212,750
11,109,691
9,351,492
3,632,252
4,811,070
7,621,405
18,998,096

6,019,057
16,290,674
14,682,590
8,487,296
5,913,396
7,244,678
11,149,689
9,399,867
3,646,530
4,834,002
7,663,433
19,067,848

98.4
97.8
98.4
98.7
98.3
98.4
98.5
97.9
98.3
98.1
98.0
98.3

99.4
99.1
99.5
99.5
99.4
99.4
99.5
99.3
99.5
99.4
99.3
99.5

99.9
99.7
99.9
99.9
99.9
99.9
99.9
99.8
99.9
99.9
99.8
99.9

4,312,385
14,385,103
11,738,703
5,612,657
4,364,880
5,565,702
9,209,411
8,847,966
3,321,472
4,135,873
6,045,340
13,924,158

5,150,263
17,598,436
13,625,409
6,561,592
5,182,726
6,557,588
10,506,237
10,434,616
3,788,113
4,867,375
7,336,270
16,305,582

6,420,594
23,180,337
16,333,976
7,929,047
6,302,399
8,018,876
12,236,461
12,670,383
4,390,304
5,854,849
9,241,855
19,082,551

49.7
34.9
54.2
55.7
56.3
54.0
60.9
51.0
63.9
56.1
48.0
56.6

59.4
42.7
62.9
65.1
66.9
63.6
69.5
60.1
72.8
66.0
58.3
66.3

74.0
56.3
75.5
78.6
81.3
77.8
81.0
73.0
84.4
79.4
73.5
77.6

1,376,414
500,809
786,440
14,600,109
960,919

1,389,291
507,689
794,944
14,776,043
975,331

1,394,414
509,933
798,389
14,828,385
980,331

98.6
98.1
98.4
98.4
97.9

99.5
99.5
99.5
99.6
99.3

99.9
99.9
99.9
99.9
99.9

919,550
415,981
598,886
10,308,578
888,165

1,077,294
487,336
702,269
12,123,898
1,049,803

1,298,110
569,466
831,809
14,203,859
1,265,572

58.4
59.1
64.3
55.3
55.1

68.5
69.2
75.4
65.0
65.1

82.5
80.9
89.3
76.2
78.5

1,457,727
315,183
701,008
1,854,701
1,719,200

1,473,799
319,182
709,934
1,882,297
1,735,399

1,479,839
320,969
714,070
1,892,792
1,742,950

98.4
98.0
98.0
97.8
98.5

99.5
99.3
99.2
99.3
99.4

99.9
99.8
99.8
99.9
99.9

1,128,512
257,028
617,976
1,672,852
1,168,102

1,323,759
311,496
744,039
2 ,000,112
1,401,366

1,585,854
389,084
931,188
2,425,159
1,754,655

54.5
45.8
45.6
55.6
51.9

63.9
55.5
54.8
66.5
62.3

76.6
69.3
68.6
80.7
77.9

FDIC District
District
District
District
District
District
District
District
District
District
District
District

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

State

District of Columbia.....................




72.4%

c o r p o r a t io n

$100,000

in s u r a n c e

$25,000

depo sit

$10,000

$91,463,650 $107,914,207 $131,661,632

federal

Number of accounts fully protected
with maximum coverage of—

99.5
99.3
99.5
99.5
99.4

99.9
99.8
99.9
99.9
99.9

365,876
7,086,680
2,427,311
1,761,286
1,149,042

422,259
8,431,586
2,786,126
2,003,030
1,340,147

478,388
10,382,543
3,269,202
2,287,840
1,588,585

69.4
48.0
61.0
68.0
60.9

80.2
57.1
70.0
77.3
71.0

90.8
70.4
82.1
88.3
84.1

Kentucky.........................................
Louisiana..........................................
Maine................................................
Maryland..........................................
Massachusetts.................................

1,445,345
1,629,171
620,619
1,542,267
2,545,917

1,459,578
1,645,816
625,139
1,556,711
2,573,869

1,464,934
1,653,203
626,762
1,562,358
2,589,598

98.5
98.4
99.0
98.6
98.1

99.5
99.4
99.7
99.5
99.2

99.9
99.8
99.9
99.9
99.8

1,077,703
1,089,013
371,057
1,052,393
1,934,372

1,246,283
1,320,304
421,555
1,235,458
2,404,052

1,462,333
1,672,451
482,423
1,497,209
3,187,961

62.4
45.6
69.4
54.2
41.3

72.2
55.3
78.8
63.6
51.4

84.7
70.0
90.2
77.1
68.1

Michigan...........................................
Minnesota.........................................
Mississippi........................................
Missouri............................................
Montana...........................................

5,317,607
2,321,844
871,448
3,053,709
418,437

5,376,506
2,344,843
880,058
3,089,016
426,042

5,396,120
2,353,797
883,240
3,104,450
428,339

98.4
98.5
98.5
98.2
97.6

99.5
99.5
99.6
99.3
99.4

99.9
99.9
99.9
99.8
99.9

4,396,557
2,003,105
604,376
2,564,184
443,597

5,028,292
2,288,238
703,954
3,047,935
520,807

5,875,198
2,718,861
824,475
3,816,668
598,891

59.0
59.0
65.7
49.1
65.5

67.5
67.4
76.5
58.4
76.9

78.8
80.1
89.6
73.1
88.4

Nebraska...........................................
Nevada..............................................
New Hampshire..............................
New Jersey.......................................
New Mexico.....................................

919,075
192,813
267,895
4,954,842
353,097

932,245
195,774
270,529
5,000,776
357,294

936,768
196,882
271,506
5,015,947
358,964

98.0
97.8
98.6
98.7
98.2

99.4
99.3
99.6
99.6
99.4

99.9
99.9
99.9
99.9
99.9

884,838
173,230
186,259
3,798,073
275,328

1,034,761
210,102
216,582
4,285,209
327,336

1,235,426
244,409
255,597
4,888,990
392,507

60.6
57.6
64.3
66.5
55.9

70.9
69.9
74.8
75.0
66.5

84.7
81.3
88.2
85.6
79.8

New York.........................................
North Carolina................................
North Dakota.................................
Ohio...................................................
Oklahoma.........................................

10,439,135
1,771,625
391,323
6,411,386
1,337,991

10,599,499
1,786,711
396,903
6,481,046
1,353,451

10,683,470
1,793,871
398,268
6,506,721
1,359,650

97.3
98.6
98.2
98.4
98.3

98.9
99.5
99.6
99.5
99.4

99.6
99.9
100.0
99.9
99.9

10,211,680
1,159,230
421,051
5,172,280
1,013,795

12,865,088
1,379,241
468,200
5,995,290
1,204,678

17,739,045
1,726,634
507,166
7,189,566
1,486,112

29.4
50.8
79.7
54.7
48.4

37.1
60.4
88.7
63.4
57.6

51.1
75.6
96.0
76.0
71.0

Oregon...............................................
Pennsylvania...................................
Rhode Island...................................
South Carolina................................
South Dakota..................................

1,185,416
8,054,588
665,936
774,937
458,284

1,202,880
8,142,507
671,424
782,105
464,464

1,208,341
8,175,869
673,674
785,110
466,126

98.0
98.4
98.8
98.6
98.2

99.4
99.5
99.6
99.5
99.6

99.9
99.9
99.9
99.9
99.9

1,143,595
6,566,423
442,263
505,972
453,719

1,316,647
7,630,119
512,377
597,867
510,868

1,525,411
9,144,410
614,212
722,105
565,386

63.8
53.9
56.0
58.4
75.7

73.5
62.6
64.8
69.0
85.2

85.1
75.0
77.7
83.4
94.3

Tennessee.........................................
Texas.................................................
Utah...................................................
Vermont............................................
Virginia.............................................

1,849,870
5,042,389
543,054
374,327
2,473,840

1,869,212
5,110,606
548,839
377,019
2,494,150

1,876,905
5,141,333
550,756
377,678
2,501,263

98.5
97.9
98.5
99.1
98.8

99.5
99.2
99.5
99.8
99.6

99.9
99.8
99.9
100.0
99.9

1,324,929
4,265,018
420,805
249,922
1,583,642

1,561,101
5,201,294
482,865
271,938
1,814,429

1,908,066
6,607,431
573,141
294,547
2,128,372

54.5
47.4
54.7
81.1
61.6

64.2
57.8
62.8
88.3
70.6

78.5
73.4
74.5
95.6
82.8

Washington......................................
West Virginia..................................
Wisconsin.........................................
Wyoming..........................................

1,737,847
1,119,209
2,756,774
205,019

1,757,780
1,127,463
2,785,866
208,577

1,764,496
1,130,624
2,795,080
209,817

98.4
98.9
98.6
97.6

99.5
99.6
99.6
99.3

99.9
99.9
99.9
99.9

1,410,110
693,444
2,385,543
200,033

1,631,466
790,558
2,691,819
237,986

1,918,378
923,539
3,092,061
279,154

59.5
64.9
64.8
62.9

68.8
74.0
73.2
74.8

80.9
86.5
84.1
87.7




COVERAGE

97.9
97.7
98.4
98.3
98.2

SPECIFIED

385,255
7,398,936
2,958,489
2,000,931
1,347,436

WITH

383,539
7,357,889
2,947,319
1,993,603
1,341,466

PROTECTION

377,443
7,244,856
2,915,061
1,969,934
1,324,319

INSURANCE

Idaho.................................................
Illinois...............................................
Indiana..............................................
Iowa...................................................
Kansas...............................................

CO

T a b le 52.

A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s i t s I n s u r e d w i t h S p e c if ie d A m o u n t s o f M a x im u m C o v e r a g e ,
I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 1 9 5 5
BAN KS GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED J AND ACCOUNTS GROUPED B Y TYPE

Number of accounts fully protected
with maximum coverage of—

Deposits (in thousands) insured
with maximum coverage of—

Percent of deposits
insured with
maximum coverage of—

Classification

50.3%

5 9.3%

72.4%

4,678
124,516
1,143,321
4,261,694
13,509,410

91.8
90.5
87.9
84.1
79.6

96.5
97.0
95.1
92.4
88.6

100.0
99.9
99.6
98.7
96.8

12,054,581
15,183,902
9,743,878
8,232,515
10,889,474

13,560,596
17,461,332
11,561,765
10,221,777
14,059,957

73.4
67.5
59.9
51.3
43.5

83.0
77.2
70.1
61.4
53.0

93.4
88.8
83.1
76.3
68.5

6,805,309
6,257,868
5,403,309
9,078,611

8,505,554
7,755,963
6,835,863
11,136,232

11,529,100
10,214,048
9,491,854
14,517,584

37.2
38.7
28.6
33.8

46.5
47.9
36.1
41.4

63.0
63.1
50.2
54.0

99.9
100.0
100.0
100.0
100.0

499,149
1,270,122
2,889,753
6,308,682
5,502,659

550,884
1,385,882
3,172,607
6,993,047
6,186,474

608,438
1,463,659
3,379,717
7,569,639
6,844,983

74.4
85.9
83.9
80.9
76.0

82.1
93.7
92.1
89.7
85.5

90.7
99.0
98.1
97.1
94.6

99.6
99.6
99.5
99.5
99.4

99.9
99.9
99.9
99.9
99.8

7,150,674
9,271,205
7,086,780
6,356,742
8,363,302

8,077,056
10,607,425
8,191,797
7,470,708
10,000,364

9,068,015
12,169,984
9,567,385
9,022,961
12,488,117

73.1
67.8
63.5
57.3
48.4

82.5
77.6
73.4
67.4
57.9

92.7
89.0
85.8
81.3
72.3

99.2
99.4
99.1
98.3

99.8
99.8
99.8
99.4

7,824,370
14,953,336
4,796,476
9,190,400

9,426,352
17,926,628
5,869,753
12,055,230

12,064,131
22,404,415
7,450,698
17,559,490

45.5
45.6
42.8
24.8

54.8
54.7
52.3
32.5

70.1
68.4
66.4
47.4

$100,000

$10,000

A ll insured com m ercial b an k s___

112,551,274

113,885,370

114,399,060

98.2%

99.4%

Banks with deposits of—
Less than $250,000.................................
$250,000 to $500,000.............................
$500,000 to $1,000,000..........................
$1,000,000 to $2,000,000......................
$2,000,000 to $5,000,000......................

8,861
195,003
1,455,307
4,796,046
14,351,521

8,894
196,022
1,465,709
4,839,051
14,493,887

8,900
196,257
1,468,102
4,849,403
14,532,535

99.5
99.4
99.1
98.9
98.7

99.9
99.9
99.8
99.8
99.7

100.0
100.0
100.0
100.0
100.0

4,296
112,761
1,008,571
3,631,964
11,104,093

4,513
120,869
1,091,866
3,988,388
12,370,609

$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 $250,000,000.............

14,064,856
17,584,967
10,257,579
8,268,854
10,290,037

14,207,259
17,765,773
10,378,154
8,371,576
10,425,442

14,250,201
17,825,214
10,423,757
8,416,215
10,488,374

98.6
98.6
98.3
98.1
97.9

99.6
99.6
99.5
99.3
99.2

99.9
99.9
99.9
99.8
99.8

10,662,417
13,267,626
8,323,886
6,869,751
8,933,188

$250,000,000 to $500,000,000.............
$500,000,000 to $1,000,000,000..........
$1,000,000,000 to $2,500,000,000___
$2,500,000,000 or more.........................

7,516,655
5,627,791
5,200,929
12,932,868

7,623,684
5,736,134
5,291,460
13,082,325

7,678,421
5,780,696
5,335,495
13,145,490

97.6
97.0
97.1
98.2

99.0
98.9
98.8
99.3

99.7
99.7
99.6
99.8

Banks in centers with popu­
lation in 1950 of—
Less than 250...........................................
250 to 500.................................................
500 to 1,000.............................................
1,000 to 2,500..........................................
2,500 to 5,000..........................................

590,828
1,567,879
3,568,493
7,931,594
7,049,506

596,716
1,582,559
3,604,064
8,011,429
7,122,854

598,137
1,585,849
3,612,095
8,031,922
7,143,726

98.7
98.9
98.8
98.7
98.7

99.7
99.8
99.8
99.7
99.7

5,000 to 10,000........................................
10,000 to 25,000......................................
25,000 to 50,000 ....................................
50,000 to 100,000...................................
100,000 to 250,000.................................

9,343,458
12,231,888
9,347,936
8,471,233
10,975,475

9,438,663
12,359,901
9,446,156
8,559,560
11,095,985

9,467,093
12,401,420
9,481,111
8,595,764
11,148,986

98.6
98.6
98.5
98.5
98.3

250,000 to 500,000.................................
500,000 to 1,000,000..............................
1,000,000 to 2,500,000..........................
2,500,000 or more...................................

8,965,734
19,863,554
4,966,021
7,677,675

9,080,931
20,102,973
5,044,337
7,839,242

9,132,029
20,194,819
5,076,250
7,929,859

98.0
98.2
97.6
96.3




$25,000 $100,000

99.9%

$10,000

$25,000

$100,000

$91,463,650 $107,914,207 $131,661,632

CO R PO R ATIO N

$100,000

$25,000

INSURANCE

$25,000

$10,000

DEPOSIT

$10,000

FEDERAL

Percent of accounts
fully protected with
maximum coverage of—

100.0
99.2
98.9
98.6
98.4
98.4

100.0
99.8
99.6
99.5
99.5
99.2

100.0
99.9
99.9
99.9
99.7
99.5

6,537
3,893,254
13,322,442
17,428,304
15,727,319
17,038,252

536,571
16,233,840
21,757,709
19,100,475
19,442,654
8,126,786

9,383,968
36,865,078
23,423,836
24,636,957
12,584,639
12,719,707

100.0
92.5
83.9
74.4
64.5
55.8

100.0
93.8
84.3
74.3
65.1
54.2

100.0
94.9
84.8
75.1
64.7
55.1

40 to 49 percent......................................
30 to 39 percent......................................
20 to 29 percent......................................
10 to 19 percent....................................
0 to 9 percent...........................................

8,523,226
8,638,783
4,705,635
1,780,425
91,227

8,023,474
3,989,988
3,500,336
134,724

2,407,466
1,886,801
130,527

97.9
97.2
95.9
94.4
87.2

98.8
98.1
97.7
90.5

99.2
99.2
97.0

7,024,792
8,532,540
5,813,877
2,466,778
209,555

9,775,799
6,417,026
5,889,176
634,171

6,106,792
5,113,848
826,807

43.8
34.9
23.5
16.3
6.9

45.1
35.2
25.3
14.2

43.8
37.6
26.2

Class of bank
National, members F. R. System___
State, members F. R . System.............
Not members F. R. System................

60,827,461
25,781,306
25,942,507

61,556,208
26,135,340
26,193,822

61,843,607
26,289,594
26,265,859

98.2
97.9
98.7

99.4
99.2
99.7

99.8
99.8
99.9

49,047,425
23,012,728
19,403,497

58,183,156
27,954,537
21,776,514

71,636,964
35,809,645
24,215,023

49.2
41.2
98.4

58.4
50.1
82.6

71.9
64.1
91.8

50,900,334
52,279,285
36,341
36,868

51,669,000
52,739,289
57,226
41,264

52,028,328
52,793,770
91,454
46,287

97.6
99.0
29.5
74.1

99.1
99.9
46.5
82.9

99.8
100.0
74.3
93.0

47,154,998
38,878,353
1,011,106
200,670

58,078,457
41,321,606
2,143,904
356,475

73,142,315
42,660,702
5,521,258
752,520

47.1
88.2
6.7
5.3

58.0
93.7
14.1
9.4

73.1
96.7
36.4
19.9

202,814
962,797
645,580
7,487,255

235,088
987,380
655,086
7,501,037

268,723
1,000,744
662,059
7,507,695

70.5
95.9
97.2
99.7

81.7
98.3
98.7
99.9

93.4
99.6
99.7
100.0

1,332,710
1,155,579
474,325
1,255,909

2,328,065
1,549,665
665,128
1,470,907

4,673,493
2,115,409
983,224
1,812,711

11.6
36.8
36.4
45.0

20.3
49.3
51.0
52.7

40.8
67.4
75.4
65.0

Type of account
Individual, partnership, and cor­
poration accounts:
Demand.................................................
Savings and time................................
Interbank accounts................................
U. S. Government accounts................
State and political subdivision ac­
counts ....................................................
Uninvested trust funds.........................
Drafts.........................................................
Other items...............................................

1 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 54, p. 96.

COVERAGE




SPECIFIED

10,864,013
38,263,564
21,751,794
24,553,891
8,246,112
6,294,892

WITH

746,674
19,323,842
25,293,760
21,072,732
23,622,977
8,176,863

PROTECTION

12,960
5,329,839
17,358,346
22,552,561
19,724,399
23,833,873

INSURANCE

Banks with percent of deposits
insured of— 1
100 percent...............................................
90 to 99 percent......................................
80 to 89 percent......................................
70 to 79 percent......................................
60 to 69 percent......................................
50 to 59 percent......................................

Table 53.

A ccounts F u ll y P rotected

and

I nsured M

D

e p o s it s

utual

I nsu red

w it h

S p e c if ie d A m o u n t s

S a v in g s B a n k s , S e p t e m b e r

of

M

a x im u m

C overage,

21, 1955

BANKS GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AMOUNT OF DEPOSIT,
POPULATION OF CENTER IN W H ICH LOCATED, AND PERCENT OF DEPOSITS INSURED,* AND ACCOUNTS GROUPED B Y TYPE

Number of accounts fully protected
with maximum coverage of—

Percent of accounts
fully protected with
maximum coverage of—

Deposits (in thousands) insured
with maximum coverage of— 1

^

Percient of deposits
irisured with
maxiimim coverage of— 1

Classification
$25,000

$100,000

$10,000

$25,000

$100,000

15,144,761

98.2%

100.0%

100.0%

$20,291,087

$20,851,225

$20,907,294

96.9%

99.6%

99.9%

686,967
11,534,950
1,856,355
520,792
63,423
211,417
266,962

687,438
11,535,908
1,858,229
521,350
63,457
211,417
266,962

98.7
98.1
98.4
98.8
98.9
99.2
97.9

99.9
100.0
99.9
99.9
99.9
100.0
100.0

100.0
100.0
100.0
100.0
100.0
100.0
100.0

632,564
16,970,297
1,651,171
442,529
55,256
228,649
310,621

666,554
17,340,885
1,773,264
470,025
57,570
229,101
313,826

673,221
17,352,684
1,802,269
477,731
58,462
229,101
313,826

94.0
97.8
90.3
92.3
93.7
99.8
99.0

99.0
99.9
97.0
98.0
97.6
100.0
100.0

100.0
100.0
98.6
99.6
99.1
100.0
100.0

76,592
19,541
30,339
65,134
514,814

78,362
19,979
30,796
65,720
520,792

78,378
19,985
30,819
65,761
521,350

97.7
97.8
98.4
99.0
98.8

100.0
100.0
99.9
99.9
99.9

100.0
100.0
100.0
100.0
100.0

98,669
23,273
37,149
47,298
442,529

105,364
24,562
38,708
49,683
470,025

105,534
24,619
39,505
50,202
477,731

93.5
94.5
92.8
94.2
92.3

99.8
99.8
96.7
99.0
98.0

100.0
100.0
98.7
100.0
99.6

209,810
200,767
826,739
10,474,528
395,056

211,417
204,069
840,211
10,674,760
400,205

211,417
204,384
840,814
10,675,109
400,836

99.2
98.2
98.3
98.1
98.5

100.0
99.8
99.9
100.0
99.8

100.0
100.0
100.0
100.0
100.0

228,649
206,167
937,520
16,009,504
308,202

229,101
221,592
985,375
16,330,948
334,873

229,101
226,258
989,365
16,338,700
351,571

99.8
91.1
94.6
98.0
82.4

100.0
97.9
99.4
99.9
89.5

100.0
100.0
99.8
100.0
94.0

14,534
1,433,148
226,332
109,449
246,910
32,412

15,045
1,456,150
228,233
110,583
251,917
32,627

15,045
1,457,393
228,263
110,652
251,917
32,638

96.6
98.3
99.2
98.9
98.0
99.3

100.0
99.9
100.0
99.9
100.0
100.0

100.0
100.0
100.0
100.0
100.0
100.0

29,061
1,342,969
176,346
104,084
281,560
18,107

29,379
1,438,391
182,076
107,839
284,447
18,862

29,379
1,450,698
182,324
108,903
284,447
18,957

98.9
92.4
96.7
95.6
99.0
95.5

100.0
99.0
99.9
99.0
100.0
99.5

100.0
99.8
100.0
100.0
100.0
100.0

Banks with deposits of—
$500,000 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..................

510
8,925
45,600
242,796
597,472

526
8,963
46,070
245,863
607,991

526
8,967
46,100
245,940
608,109

97.0
99.6
98.9
98.7
98.3

100.0
100.0
99.9
100.0
100.0

100.0
100.0
100.0
100.0
100.0

864
5,055
37,457
239,088
713,218

892
5,240
39,174
246,836
732,408

892
5,280
39,543
247,746
734,503

96.9
95.7
94.7
96.4
97.0

100.0
99.2
99.1
99.5
99.7

100.0
100.0
100.0
99.9
99.9

$25,000,000 to $50,000,000..................
$50,000,000 to $100,000,000...............
$100,000,000 to $250,000,000.............
$250,000,000 to $500,000,000.............
$500,000,000 to $1,000,000,000..........
$1,000,000,000 to
 $2,500,000,000-----

1,071,922
1,780,090
4,087,828
4,208,070
2,296,452
536,440

1,090,585
1,806,315
4,148,730
4,291,676
2,341,451
552,696

1,091,062
1,806,813
4,149,476
4,292,916
2,342,096
552,756

98.3
98.5
98.5
98.0
98.1
97.1

100.0
100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0
100.0

1,291,021
2,117,854
4,978,791
6,182,942
3,506,664
1,218,133

1,342,790
2,176,806
5,099,689
6,356,766
3,605,888
1,244,736

1,348,908
2,183,085
5,111,070
6,379,598
3,610,538
1,246,131

95.5
97.0
97.3
96.6
97.1
97.7

99.3
99.7
99.7
99.3
99.9
99.9

99.8
100.0
99.9
99.7
100.0
100.0

14,876,105

15,140,866

678,274
11,320,808
1,828,204
514,814
62,751
209,810
261,444

Delaware...................................................
Indiana......................................................
Maine.........................................................
Minnesota.................................................
New Hampshire......................................
New Jersey...............................................
New York.................................................

United States........................................
FDIC District

District 12.................................................
State

Vermont ..................................................



CO R PO R ATIO N

$10,000

INSURANCE

$100,000

$100,000

DEPOSIT

$25,000

$25,000

FEDERAL

$10,000

$10,000

98.8
97.5
98.2
98.7

100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0

8,440
142,091
89,309
134,065

8,672
146,602
91,385
138,141

8,672
146,777
91,512
138,792

97.3
96.8
97.6
96.5

100.0
99.9
99.9
99.4

100.0
100.0
100.0
99.9

10.000 to 25,000......................................
25.000 to 50,000......................................
50.000 to 100,000....................................
100.000 to 250,000..................................

440,485
667,887
534,860
944,982

447,355
680,209
543,450
961,727

447,515
680,511
543,700
961,809

98.4
98.2
98.4
98.3

100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0

458,533
793,518
613,623
1,118,178

477,538
825,284
636,775
1,151,840

479,256
828,363
641,428
1,152,675

95.6
95.7
95.3
97.0

99.6
99.6
98.9
99.9

100.0
99.9
99.7
100.0

250.000 to 500,000..................................
500.000 to 1,000,000..............................
1,000,000 to 2,500,000..........................
2.500.000 or more...................................

1,015,463
1,690,052
1,353,590
7,930,787

1,031,918
1,716,628
1,373,426
8,082,732

1,032,225
1,717,865
1,374,605
8,083,043

98.4
98.4
98.5
98.1

100.0
99.9
99.9
100.0

100.0
100.0
100.0
100.0

1,114,697
1,788,977
1,209,477
12,820,179

1,148,249
1,888,133
1,291,926
13,046,680

1,150,271
1,912,255
1,303,561
13,053,732

96.8
92.5
92.6
98.2

99.7
97.6
98.9
99.9

99.9
98.8
99.8
100.0

14,230,403
645,702

4,540,990
10,251,412
348,464

10,289,552
4,855,209

98.2
98.5

100.0
100.0
99.8

100.0
100.0

19,783,753
507,334

6,565,041
13,977,600
308,584

14,327,827
6,579,467

97.3
84.6

100.0
99.6
89.4

100,0
99.5

82,143
14,179,191
486
1,575

82,488
14,442,709
522
1,590

82,607
14,446,115
533
1.596

99.4
98.2
91.2
98.7

99.8
100.0
97.9
99.6

100.0
100.0
100.0
100.0

30,612
20,140,458
1,895
628

34,434
20,686,213
2,251
829

39,020
20,727,236
2,396
973

70.4
97.1
79.1
64.5

79.1
99.7
93.9
85.2

89.7
99.9
100.0
100.0

1,257
4,524
199,440
407,489

1,429
4,586
199,669
407,873

1,502
4.596
199,700
408,112

81.9
98.4
99.9
99.8

93.2
99.8
100.0
99.9

97.9
100.0
100.0
100.0

4,580
3,124
49,404
60,386

6,789
3,658
50,792
66,259

10,569
3,868
51,502
71,730

21.3
80.8
95.9
83.6

31.5
94.6
98.6
91.7

49.1
100.0
100.0
99.3

Banks with percent of deposits
insured of— 2
100 percent...............................................
90 to 99 percent......................................
80 to 89 percent......................................
70 to 79 percent..................................
Type of account
Individual, partnership, and cor­
poration accounts:
Demand................................................
Savings and time................................
Interbank accounts................................
U . S. Government accounts................
State and political subdivision ac­
counts ....................................................
Uninvested trust funds..........................
Drafts.........................................................
Other items...............................................




COVERAGE

1 ®ecause of rounding to tenths of 1 percent, percentages shown as 100.0 may represent either complete coverage or a coverage of 99.5 percent <
2 lh e number of banks m each category varies with the maximum coverage. For the number of banks, see Table 54, p. 96.

SPECIFIED

10,135
94,204
66,951
132,198

WITH

10,135
94,187
66,944
132,155

PROTECTION

10,012
91,811
65,714
130,462

INSURANCE

Banks in centers w ith popu­
lation in 1950 of—
500 to 1,000..............................................
1.000 to 2,500..........................................
2,500 to 5,000..........................................
5.000 to 10,000........................................

CO

Qi
~

Table 54.
I nsured

D

i s t r i b u t io n o f

under

I nsured B a n k s G rouped

S p e c if ie d A m o u n t s

of

M

a x im u m

by

P ercentage

of

C o v e r a g e , Se p t e m b e r

Number of banks grouped by percent of
deposits insured with maximum coverage of—

D

C
D
O

e p o s it s

21, 1955
Percentage of banks grouped by percent of
deposits insured with maximum coverage of—

Percent of deposits insured

$10,000

$100,000

$25,000

$10,000

$25,000

$100,000

Banks with percent of deposits insured of—

t

.

............ ..............................................

5,699
5,811
1,308
401
169
72

.2
20.3
33.9
25.7
11.8
4.7

5.7
46.8
28.5
11.5
4.2
1.8

42.2
43.0
9.7
3.0
1.3
.5

246
140
59
22
2

119
56
29
3

24
9
5

1.8
1.0
.4
.2
0)

.9
.4
.2
0)

.2
.1
0)

13,278

13,278

13,278

100.0

100.0

100.0

20
2,521
4,575
3,468
1,587
638

664
6,204
3,843
1,560
561
239

5,512
5,778
1,308
401
169
72

.2
19.0
34.4
26.1
12.0
4.8

5.0
46.7
29.0
11.8
4.2
1.8

41.5
43.5
9.9
3.0
1.3
.5

246
140
59
22
2

119
56
29
3

24
9
5

1.9
1.0
.4
.2

.9
.4
.2
0)

220

220

100.0

100.0

100.0

108
111
1

187
33

97.3
2.7

49.1
50.5
.4

85.0
15.0

Banks with percent of deposits insured of—

i Less than .05 percent.




0)

.2
.1
0)

COR PO R ATIO N

1 A f a "1Q

772
6,315
3,844
1,560
561
239

INSURANCE

Insured com m ercial banks ...............................................................................

100.0%

20
2,735
4,581
3,468
1,587
638

.....................................................

100.0%

DEPOSIT

1 Q ‘n o T P o n f

100.0%

214
6

fn

13,498

220

1H

13,498

FEDERAL

13,498
Banks with percent of deposits insured of—

PART FOUR
LEGISLATION AND REGULATIONS







F e d e r a l L e g is l a t io n
No Federal legislation directly affecting the Federal Deposit Insurance Corporation,
or applicable to insured banks by virtue of their insured status, was enacted during
1955.
R u l e s a n d R e g u l a t io n s o f t h e C o r p o r a t io n
Paym ent

of

D e p o s it s a n d

Insured

Interest thereon

N onm em ber

By

B anks

The amendments of the rules and regulations of the Corporation, referred to on
pages 17 and 18, are as follows:
1. Section 329.0 of the rules and regulations of the Corporation was amended,
effective December 7, 1955, to read as follows:
§ 329.0 Scope. The regulation contained in this part relates to the payment of
deposits and interest thereon by insured nonmember banks. This part is not applicable
to banks which are members of the Federal Reserve System. Regulation Q (Part 217
of this title), prescribed by the Board of Governors of the Federal Reserve System
for banks which are members of that System, is not applicable to insured banks which
are not members of the Federal Reserve System, except to the extent that the State
law of a particular State provides otherwise. The provisions of this part do not apply
to mutual savings banks, or to guaranty savings banks operating in the State of New
Hampshire so long as said guaranty savings banks operate substantially under and
pursuant to the laws of the State of New Hampshire pertaining to mutual savings
banks and do not engage in commercial banking, or to any deposit in a bank located
outside of, or payable only at a bank’s office which is located outside of, the States
of the United States and the District of Columbia.
2. Paragraph (e) of Section 329.1 of the rules and regulations of the Corporation
was amended, effective May 16, 1955, by the addition of the following subparagraph:
(5) The term “ savings deposit” also means a deposit evidenced by a written receipt
or agreement although not by a pass book, consisting of funds of the kind described
above in this paragraph and in respect to which deposit the depositor is required, or
may at any time be required, by the bank to give notice in writing of an intended
withdrawal not less than thirty (30) days before such withdrawal is made, and with­
drawals are permitted only through payment to the depositor himself but not to any
other person whether or not acting for the depositor.5
*
6 Payment may be made to the depositor over the counter, through the mails or otherwise.
a
A s s e s s m e n t D e c is io n s

Assessment decisions, which are interpretative rulings of the Federal Deposit
Insurance Act and rules and regulations of the Corporation, were published in the
Federal Register of May 14, 1955 (20 F.R. 3306-3328). Copies of these assessment
decisions have been furnished to each insured bank.




99

100

FEDERAL

D e s c r ip t io n

D EP O S IT

of

IN S U R A N C E

O r g a n iz a t io n

of

C O R PO R A T IO N

the

C o r p o r a t io n

Section 3 of the Description of Organization of the Corporation, which was published
in the Federal Register of March 27, 1954 (19 F.R. 1681), was amended and published
in the Federal Register of August 24, 1955 (20 F.R. 6198), as follows:
S e c . 3. Delegation of final authority— (a) General. Except as otherwise provided
by rule, or to the extent that there is involved any function of the Corporation re­
quiring confidentiality in the public interest or any matter relating solely to the
internal management of the Corporation, or with respect to matters which generally
involve conditions or circumstances requiring prompt action in the field for the better
protection of the interests of the Corporation and to achieve flexibility and expedition
in its operations and in the exercise of its functions, such as arise in connection with
the Corporation’s litigation and liquidation matters and with the payment of claims
for insured deposits, delegations of final authority by the Board of Directors within
the statutory meaning of that phrase are set forth in this section. Any person having
a proper and direct concern therein may ascertain the scope of authority of any officer,
agent, or employee of the Corporation by communicating with the Secretary of the
Corporation.

(b) Reports of condition. Authority is delegated to the Chairman of the Board of
Directors to designate the date as of which each insured State bank, which is not a
member of the Federal Reserve System or a District bank, shall make a report of its
condition as required by the Board of Directors pursuant to section 10 (e) of the
Federal Deposit Insurance Act (12 U. S. C. 1820 (e) ).
(c) To assure continuous performance of functions. For the purpose of assuring
the performance of and continuity in the management functions and activities of the
Corporation, the Board of Directors has delegated, to the extent deemed necessary,
authority with respect to the management of the Corporation’s affairs to certain
designated persons, such authority to be exercised only in the event of an emergency,
involving an enemy attack on the continental United States or other warlike occur­
rence, which renders the Board of Directors unable to perform the management
functions and activities normally performed by it.
(d) Assessment decisions. Authority is delegated to the Controller and the General
Counsel jointly to promulgate and to amend assessment decisions as interpretative
rulings of the Corporation with reference to provisions of the Federal Deposit In­
surance Act and the Corporation’s rules and regulations relating to assessment and
from time to time to publish such assessment decisions and amendments thereof in
the F e d e r a l R e g i s t e r .
(e) Extension of time in which to establish a branch or change location of main office
or branch. Authority is delegated to the Chief of the Division of Examination to
extend the time given a bank by the Board of Directors in which to establish a branch
or change the location of its main or branch office, but such extension shall not exceed
two periods of the same duration each as that prescribed originally by the Board of
Directors.
(f) Exclusion from insured bank advertisements of the official advertising statement.
Authority is delegated to the General Counsel to consent, pursuant to § 328.2 (d)
(10) of Title 12, Code of Federal Regulations, to the exclusion of the Official ad­
vertising statement from advertisements which are of the type or character making
it impractical to include such statement therein.



STATE

B A N K IN G

LE G ISLA TIO N

101

St a t e B a n k in g Le g is l a t io n
In 1955 the legislatures of forty-five States held regular sessions and thirteen of
these legislatures held special sessions. The legislatures of two other States held special
sessions.
This summary includes the more important State banking legislation enacted
in 1955.
SUPERVISORY AUTHORITY

State Banking Department................................................................ Alabama (Act 204)
State Banking Board.................................................... Missouri (Laws 1955, H.B. 212)
Revisions of savings banks law..........................................................................................
..................... Maine (Ch. 380), Massachusetts (Ch. 432), Washington (Chs. 13, 80)
Banks and trust companies code.................................................... Washington (Ch. 33)
Authorization by Superintendent of nondepartmental banks. . . . California (Ch. 729)
Matters to be determined by State bank commissioner in granting certificate of
authority to conduct banking business........................................... Colorado (Ch. 82)
Examination fees.................................................................................................... Indiana
(Ch. 94), Kansas (Ch. 65), Maine (Ch. 92), Minnesota (Ch. 820), Missouri (Laws
1955 H.B. 22), Nebraska (Ch. 15), North Carolina (Ch. 640), Vermont (Act 123)
Compensation of supervisory authority and examiners.................................................
.....................................................................................Missouri (Laws 1955, H.B. 22)
Retention and disposition of records. .Ohio (Laws 1955, S.B. 15), Wisconsin (Ch. 421)
ORGANIZATION AND CHARTER CHANGES

Branch offices and agencies................................................................ Alabama (Acts 39,
70, 76, 133, 376; Acts 21, 40 of Second Special Session), Connecticut (Act 126),
Florida (Ch. 29984), Indiana (Ch. 21), Maryland (Ch. 628), Pennsylvania (Act 284)
Minimum capital requirements..........................................................................................
Arkansas (Act 150—suburban banks), Connecticut (Act 70—industrial banks)
Par value of stock..............................................................................California (Ch. 219)
Merger or consolidation......................................................................................California
(Ch. 234), Connecticut (Act 31), Massachusetts (Ch. 275), Pennsylvania (Act 179)
Conversion of mutual savings bank into capital stock bank..........Oregon (Ch. 690)
Bank certificate of incorporation may empower directors to make, alter or repeal
by-laws....................................................................... Delaware (Laws 1955, S.B. 393)
Examination and investigation fee to be paid by applicants for charter.....................
............................................................................................................Georgia (Act 103)
Limitation on ownership or control of voting shares in two or more banks by any
company......................................................................... Illinois (Laws 1955, S.B. 600)
Amendment of certificate of incorporation...................................New Jersey (Ch. 118)
Certificate of authority to commence business of banking___ New Mexico (Ch. 98)
Establishment of trust department............................................. New Mexico (Ch. 279)
Preferred stock............................................................................. South Dakota (Ch. 10)
Publication of notice of application for charter to carry on banking business..........
...........................................................................................................Wyoming (Ch. 40)
Authorization for national banks to become State banks by conversion, merger or
consolidation....................................................... Texas (Ch. 234), Wyoming (Ch. 65)
Authorization for State banks to become national banks by conversion, merger or
consolidation.....................................................................................Wyoming (Ch. 65)
Filing of record of merger, consolidation or conversion of State bank into national
bank with State Bank Commissioner and County Clerk required.............................
..........................................................................................................Arkansas (Act 245)



102

FEDERAL

D EP O S IT IN S U R A N C E

C O R PO R A T IO N

GENERAL OPERATING PROVISIONS

Finality of bank’s statement of account to depositor after four years.....................
.........................................................................................................California (Ch. 245)
Industrial bank powers....................................................................Connecticut (Act 70)
Savings bank authorized to act as collecting agent for public utility bills.................
..................................................................................................... Connecticut (Act 169)
Preservation of bank records................. Michigan (Act 91), Pennsylvania (Act 259)
Payment of interest or dividends by savings banks......................New Jersey (Ch. 88)
Payment of dividends on capital stock.........................................New Jersey (Ch. 118)
Access to safe-deposit boxes...........................................................New Jersey (Ch. 151)
Safekeeping and servicing of securities owned by State..............Tennessee (Ch. 235)
Charitable contributions................................................................... Wisconsin (Ch. 113)
DEPOSITS
Deposits of and security for public funds.........................................................California
(Chs. 259, 281, 297), Idaho (Ch. 85), Maine (Ch. 419), New Mexico (Ch. 140),
Ohio (Laws 1955, H.B. 562, S.B. 97), Pennsylvania (Act 102), South Carolina
(Act 164), Texas (Ch. 425), Washington (Chs. 198, 220), Wyoming (Ch. 113)
Pledge of deposits in savings banks and departments..................Connecticut (Act 52)
Escheat of deposits..............................................................................................................
Connecticut (Act 127), Delaware (Laws 1955, H.B. 634), Washington (Ch. 385)
Limitation of $20,000 on deposits in savings banks and departments.........................
..................................................................................................... Connecticut (Act 328)
Adverse claims to bank deposits.................................................. Connecticut (Act 297)
Deposits of minors............................. Florida (Chs. 29848, 29939), Tennessee (Ch. 16)
Payment of deposit of deceased depositor.......................................... Georgia (Act 104)
Joint deposits..............................................................Illinois (Laws 1955, H.B. No. 585)
Issue of duplicates of lost deposit books.................................New Hampshire (Ch. 14)
Tentative trust deposits................. New Hampshire (Ch. 319), Washington (Ch. 347)
Restrictions on use of word “ savings” ............................................New York (Ch. 170)
Restrictions on receipt of deposits by societies for savings. .Ohio (Laws 1955, H.B. 813)
LOANS
Real estate loans............................................... New York (Ch. 454), Oregon (Ch. 315)
Insured or guaranteed loans................................................ Ohio (Laws 1955, H.B. 530)
Acquisition of loans and other stated activities in connection therewith by foreign
banking corporations or investor companies not considered engaging in business
in State.............................................................................................Arkansas (Act 349)
Loan limits. . . . California (Ch. 729), Oregon (Ch. 310), South Carolina (Act 260)
Loans to directors..............................................................................California (Ch. 972)
Advancements on mortgage loans by savings banks and departments.....................
....................................................................................................... Connecticut (Act 40)
Construction loans........................................................................... Connecticut (Act 35)
Home improvement loans by savings banks and departments. . . . Connecticut (Act 38)
Loans to development credit corporation................. Connecticut (Act 441), Kansas
(Ch. 144), New York (Ch. 863), North Carolina (Ch. 1146), Wisconsin (Ch. 656)
Open-end mortgages...........................Connecticut (Act 543), North Dakota (Ch. 100)
Participation loans..........Connecticut (Act 14, 2nd Sess.), Massachusetts (Act 197)
Instalment loans..........Iowa (Ch. 248), Michigan (Act 177), Minnesota (Ch. 616),
New Jersey (Chs. 117, 129), South Carolina (Act 250), South Dakota (Ch. 11)
Unlimited loans............................................................................... New Jersey (Ch. 110)



STATE

B A N K IN G

LE G ISLA TIO N

103

INVESTMENTS

Real estate............................................................................. Connecticut (Act 30), Iowa
(Ch. 247), Minnesota (Ch. 104), New Jersey (Ch. 107), North Dakota (Ch. 99)
Real estate for banking house or for parking lot for customers. . . . Arkansas (Act 244)
Stock of corporation owning bank building.................................Washington (Ch. 302)
Stock of Federal National Mortgage Association in connection with sale of mortgage
loans thereto...................................................................................Arkansas (Act 376),
Kansas (Ch. 64), Michigan (Act 66), Missouri (Laws 1955, S.B. 139), New
Mexico (Ch. 109), New York (Ch. 409), South Dakota (Ch. 231), Texas (Ch. 244)
Obligations of Federal National Mortgage Association................................................
.....................................Missouri (Laws 1955, S.B. 139), Ohio (Laws 1955, S.B. 275)
Stock of safe deposit corporation..................................................Washington (Ch. 302)
By nondepartmental banks.............................................................. California (Ch. 729)
Obligations of International Bank for Reconstruction and Development.................
................................................................................................ South Carolina (Act 216)
Savings bank investments:
General limitations............. Connecticut (Act 28), New Hampshire (Chs. 214, 318)
Real estate.................................................................................... Connecticut (Act 29)
Mortgage loans.......................................New Jersey (Ch. 170), New York (Ch. 159)
Municipal obligations.................................................................. Connecticut (Act 58)
Insured or guaranteed loans outside State................................ Connecticut (Act 57)
Public utility preferred stock......................................................Connecticut (Act 59)
Obligations of Dominion of Canada or its provinces................Connecticut (Act 60)
Revenue bonds...................................... Connecticut (Act 37), New Jersey (Ch. 251)
FHA insured loans....................................................................... Connecticut (Act 39)
Stock of investment companies................................................ Connecticut (Act 402)
r eserves

Banks and trust companies........................................................... Washington (Ch. 356)
Nondepartmental banks....................................................................California (Ch. 729)
Industrial banks............................................................................... Connecticut (Act 70)
Cash balances of savings banks.....................................................New Jersey (Ch. 229)
TRUST ACTIVITIES

Common trust funds........................................................................... Illinois (H.B. 894),
Massachusetts (Ch. 63), Missouri (Laws 1955, S.B. 138), Montana (Ch. 64), Nevada
(Ch. 21), New Mexico (Ch. 66), South Carolina (Act 396), Wyoming (Ch. 17)
Securities eligible for deposit by trust companies with State Controller..................
.........................................................................................................California (Ch. 130)
Investment of trust funds..............................................Connecticut (Act 149), Indiana
(Ch. 302), Nebraska (Ch. 82), North Dakota (Ch. 101), Pennsylvania (Act 211),
South Carolina (Acts 159, 165, 216), West Virginia (Ch. 4), Wyoming (Ch. 122)
Registration in name of nominee of any investment held by a fiduciary bank or trust
company......................................................... Connecticut (Act 155), Maine (Ch. 90)
Waiver of security requirements for trust company deposits of uninvested trust funds
to extent deposit is insured by Federal Deposit Insurance Corporation..............
............................................................................Florida (Ch. 29871), Idaho (Ch. 199)
Authorization for foreign corporations to act in fiduciary capacity.............................
.....................................................................................Missouri (Laws 1955, S.B. 137)
National banks acting as guardian exempted from giving bond. .New Mexico (Ch. 70)
Liability of bank or trust company acting as trustee of partnership interest for minor
beneficiaries limited to assets in the trust......................... South Carolina (Act 335)



104

FEDERAL

D EP O SIT

IN SU R A N CE

C O R PO R A T IO N

CHECKS AND COLLECTIONS

Drawee bank authorized to pay draft representing payment of cash letters covering
checks charged to accounts of drawer bank after failure of drawer bank..............
............................................................................................................... Kansas (Ch. 66)
Circumstances deemed final payment of item upon which a stop payment order has
been given......................................................................................... Minnesota (Ch. 6)
Restrictions on sale of money orders, traveler’s checks, cashier’s checks, drafts,
registered checks and certified checks........................................ Minnesota (Ch. 555)
DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES

Loans to ............................................................... California (Ch. 972), Indiana (Ch. 25)
Compensation by savings banks.....................................................Connecticut (Act 41)
Payment of retirement benefits to employees of savings banks.. Connecticut (Act 120)
Receipt of commissions or gifts for procuring loans prohibited..........Maine (Ch. 117)
Qualification of directors... .Missouri (Laws 1955, H.B. 425), New Mexico (Ch. 283)
Payment of part or all of costs of group-plan life insurance for active officers and
employees.................................................................................... Washington (Ch. 296)
HOLIDAYS

Legal holidays.......................................................................................Arkansas (Act 29),
Colorado (Ch. 163), Idaho (Ch. 19), Indiana (Ch. 6), Michigan (Act 93), Minnesota
(Chs. 603, 783), Montana (Ch. 209), Nevada (Ch. 155), West Virginia (Ch. 100)
Payment or presentment of negotiable instruments on optional bank holiday..........
.........................................................................................................California (Ch. 599)
Saturday or Wednesday holiday.......................................................Florida (Ch. 29847)
Saturday holiday................................Idaho (Ch. 197—June, July, August), Maryland
(Chs. 49, 97, 158, 179, 471), Minnesota (Ch. 787), Montana (Ch. 124), Nevada
(Ch. 114), New Mexico (Ch. 34), North Carolina (Chs. 546, 1220), Texas (Ch. 16)
TAXATION

Capital stock tax..................................................................................................................
Arkansas (Act 396), Georgia (Act 239), Nebraska (Ch. 293), Wyoming (Ch. 139)
Income tax..................................................................................................Utah (Ch. 122)
LIQUIDATION

Double liability on stockholders barred except on stockholders of State banks whose
deposits are not insured by Federal Deposit Insurance Corporation.....................
................................................................................................ Minnesota (Chs. 14, 335)




PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE




N u m b e r , O f f ic e s , a n d

D e p o s it s o f O p e r a t in g

B anks

Table 103.

Number and deposits of operating banks in the United States (continental U. S.
and other areas), December 31, 1955
Banks grouped according to insurance status and by district and State

The line of demarcation between banks and other types of financial
institutions is not always clear. In these tables provision of deposit
facilities for the general public is the chief criterion. However, trust
companies engaged in general fiduciary business though not in deposit
banking are included; and credit unions and savings and loan associa­
tions are excluded except in the case of a few which accept deposits
under the terms of special charters.




The tabulations for all banks and trust companies are prepared in
accordance with an agreement among the Federal bank supervisory
agencies. Deposit data are tabulated from individual reports of assets
and liabilities of the banks included. Institutions included are classified
in three groups: commercial and stock savings banks, nondeposit
trust companies, and mutual savings banks. However, the second
category does not apply to insured banks.

CO R PO R ATIO N

Number of operating banks and branches in the United States (continental U. S.
and other areas), December 31, 1955
Grouped according to insurance status and class of bank, and by State and type
of office

INSURANCE

Table 102.

DEPOSIT

Changes in number and classification of operating banks and branches in the United
States (continental U. S. and other areas) during 1955

FEDERAL

Table 101.

Mutual savings banks include all banks operating under State
banking codes applying to mutual savings banks.

BANKS

The postal savings system.

OPERATING




Federal Reserve banks and other banks, such as the Federal Home
Loan banks and the Savings and Loan Bank of the State of New
York, which operate as rediscount banks and do not accept deposits
except from financial institutions;

O
F

Nondeposit trust companies include institutions operating under
trust company charters which are not regularly engaged in deposit
banking but are engaged in fiduciary business other than that incidental
to real estate title or investment activities.

Building and loan associations, savings and loan associations,
credit unions, personal loan companies, and similar institutions,
chartered under laws applying to such institutions or under general
incorporation laws, regardless of whether such institutions are au­
thorized to accept deposits from the public or from their members
and regardless of whether such institutions are called “ banks” (a
few institutions accepting deposits under powers granted in special
charters are included);
Morris Plan companies, industrial banks, loan and investment
companies, and similar institutions except those mentioned in the
description of institutions included;
Branches of foreign banks, and private banks, which confine
their business to foreign exchange dealings and do not receive
“ deposits” as that term is commonly understood;
Institutions chartered under banking or trust company laws, but
operating as investment or title insurance companies and not en­
gaged in deposit banking or fiduciary activities;

DEPOSITS

Private banks under State supervision, and such other private
banks as are reported by reliable unofficial sources to be engaged
in deposit banking;

Banks which have suspended operations or have ceased to accept
new deposits and are proceeding to liquidate their assets and pay
off existing deposits;

AND

Institutions excluded. Institutions in the following categories are
excluded, though such institutions may perform many of the same
functions as commercial and savings banks:

OFFICES,

National banks;
Incorporated State banks, trust companies, and bank and trust
companies, regularly engaged in the business of receiving deposits,
whether demand or time, except mutual savings banks;
Stock savings banks, including guaranty savings banks in New
Hampshire;
Industrial and Morris Plan banks which operate under general
banking codes, or are specifically authorized by law to accept de­
posits and in practice do so, or the obligations of which are regarded
as deposits for deposit insurance;
Special types of banks of deposit: cash depositories in South
Carolina; cooperative exchanges in Arkansas; savings and loan
companies operating under Superior Court charters in Georgia;
government operated banks in American Samoa, North Dakota,
and Puerto Rico; a cooperative bank, usually classified as a credit
union, operating under a special charter in New Hampshire; two
savings institutions, known as “ trust companies,” operating under
special charters in Texas; employes’ mutual banking associations in
Pennsylvania; the Savings Banks Trust Company in New York; and
four branches of foreign banks which engage in a general deposit
business in the continental United States or in Puerto Rico.

N U M BER ,

Commercial and stock savings banks include the following
categories of banking institutions:

T able 101.
in

C hanges

the

in

N

umber

and

C l a s s if ic a t io n

U n i t e d S t a t e s (C o n t i n e n t a l U . S.

and

of

O p e r a t in g B a n k s

O th er A reas) D

and

Commercial and stock savings banks
and nondeposit trust companies

All banks

In­
Non­
sured insured Total

Members F. R .
System
Total
State

In­
Nonsured* insured

DEPOSIT

National

Non­
Not
mem­ Banks deposit Total
bers
of de­
trust
F. R.
posit
com­
System
panies1

BAN KS
14,284
14,409

13,457
13,541

827
868

13,756
13,881

13,237
13,323

4,692
4,789

1,847
1,867

Net change during yea r..................................................................

6,698
6,667

460
497

59
61

-41

-125

-86

-9 7

-20

31

-37

103

13

115

103

28

4

71

12

Banks ceasing operations..........................................................
Suspended banks not reopened or succeeded
Absorbed with financial aid of FDIC
Absorptions, consolidations, and mergers (without FDIC
aid)
.
.........................................................................
Other liquidations
..

241
4
1

230
4
1

11

240
4
1

230
4
1

127
2

38

65
2
1

8

231
5

221
4

10
1

230
5

221
4

124
1

38

59
3

7
1

+43
+ 5
+ 37
+ 1

-43
-5
-37
-1

+41
+ 5
+35
+ 1

+ 1
+ 1

+ 1

+39
+4
+35

-41
-5
-35
-1

+ 1
+ 7
-6

+ 13
-2
+2
+ 15
-2

Noninsured banks becoming insured
Successors to operating noninsured banks
Admission to insurance operating banks®
Arlm
iescirvn in F R
nnprnHnff hnnk
Other changes in classification
National banks succeeding state banks
State banks succeeding national banks
Admissions to F R. System
Withdrawals from F. R System

. ..
. ..

..

Changes not involving num ber in any class:
Successions
•
Absorptions of nonbsnking fin3.ncinl institutions
Changes in title location or name of location
...............
Changes in corporate powers.....................................................




3
4
167
25

2
4
164
25

1
3

3
4
163
25

2
4
161
25

+ 1

4
22

-2

1

1

2

1

1

2

1

1
+2

-2

+2

-2

3

1

-1 4
-5
+4
-15
+2
2

29

308
310

1

110
25

2

4

CO R PO R ATIO N

-84

116

Banks beginning operations

220
218
+ 2

-2

-125

..............................

528
528

INSURANCE

Num ber of banks, December 31, 1955...........................................
Num ber of banks, December 31, 1954...........................................

FEDERAL

Total

Mutual savings banks

Noninsured

Insured
Type of change

B ranches

1955

u r in g

BRANCHES
7,199
6,567

192
184

7,062
6,443

6,965
6,346

3,364
3,056

1,938
1,731

1,663
1,559

N et change during y e a r.................................................................

+640

+632

+8

+6 1 9

+619

+308

+ 207

690
20
206

677
19
205

13

668

4
459
1

4
448
1

Branches discontinued...............................................................
Facilities.........................................................................................
Branches.........................................................................................

50
4
46

47
4
43

3

+2

329
308

234

221

95
87

! 1

171
-f £1

+ 13

+8

1

22

13

9

2

1

2

20

12

1

+ 104

Branches opened for business.................................................
Facilities provided as agents of the government4................
Absorbed banks converted into branches..............................
Branches replacing banks relocated or placed in liquida­
tion or receivership..................................................................
Other branches opened5 ............................................................
Branch restored to count...........................................................

4
3

3

1
1

20
204

664
19
204

11

4
439

4
436

1

1

1

230
1

101

2
105

49
4
45

47
4
43

18
4
14

17

12

2

17

12

2

-2

+ 2

-37
+ 1
+ 1

+ 57

-2

+ 1
+ 1

-1
-1

+ 1
+ 1

-39

+ 51

-18
-1
-1
-7
+ 1
+ 1
-11

1
46
1
420
1

1
44
1
418

2

1
44
1
412

1
18
1
251

21

5

2

2

1
46
1
414

106

55

2
1

N um ber of offices, December 31, 1955......................................... 21,675
N um ber of offices, December 31, 1954.......................................... 21,160

20,656
20,108

1,019
1,052

20,818
20,324

20,202
19,669

8,056
7,845

3,785
3,598

8,361
8,226

553
591

63
64

+ 515

+548

-3 3

+494

+533

+ 2 11

+ 187

+ 135

-38

Offices opened......................................................................
Banks.........................................................................................
Branches..........................................................................

806
116
690

780
103
677

26
13
13

783
115
668

767
103
664

391
28
363

171
4
167

205
71
134

15
12
Q
O

Offices closed...................................................................................
Banks...............................................................................................
Branches.........................................................................................

291
241
50

277
230
47

14
11
3

289
240
49

277
230
47

145
127
18

55
38
17

77
65
12

10

+45
+43
+2

-45
-43
-2

+43
+41
+2

-35
+2
-37

+ 71
+ 14
+ 57

+7
+25
-18

-43
-41
_2

1

1

134
2
25

+ 7
-1

1

O
O
J
1

-1
-1

DEPOSITS

Changes not involving num ber in any class:
Facility transferred as result of bank suspension...............
Branches transferred as result of absorption or succession.
Sale of branch to another bank................................................
Changes in title, location, or name of location....................
Change in powers.........................................................................

167
2
63

AND

Other changes in classification am ong branches...........
Branch of national bank succeeding facility of state bank.
Branch of national bank succeeding branch of state bank.
Branches of insured banks admitted to F. R. System. . . .
Branch of insured bank withdrawing from F. R. System ..
Facility transferred as result of absorption or succession..
Branches transferred as result of absorption or succession.

3

1

363
15
116

93
94

OFFICES,

7,391
6,751

N U M BER ,

N um ber of branches, December 31, 1955...................................
N um ber of branches, December 31, 1954...................................

6

6

857
836

454
AZQ

^07
07 /

_ j

- 171
j-z i

+ 15

+6

i

71
Zo

ALL B A N K IN G OFFICES




1
X
09

2

1L
JA
U

1Q
lo

A
y

2

2

1
1

J
L

1
1
I
X
+2
+2

z
0

BANKS

1 Includes 1 trust company member of the Federal Reserve System, December 31, 1955, and December 31, 1954.
2 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1955, and December 31, 1954.
3 Banks in operation at beginning of year, except three which opened noninsured and were admitted to insurance later in the year.
4 Facilities established in or near military installations at request of the Treasury or Commanding Officer of the installation.
6 Includes 1 branch in operation prior to beginning of year but not included in count as of December 31, 1954.

g
2

1
i

1*
2
15

OPERATING

Changes in classification...........................................................
Among banks.................................................................................
Among branches...........................................................................

O
F

N et change during ye a r..................................................................

i
—i
O
^

Table 102,

N u m b e r o f O p e r a t i n g B a n k s a n d B r a n c h e s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , D e c e m b e r

31, 1955

g r o u p e d a c c o r d i n g t o in s u r a n c e s t a t u s a n d c l a s s o f b a n k , a n d b y s t a t e a n d t y p e o f o f f i c e
Commercial and stock savings banks
and nondeposit trust companies

All banks

Non­
In­
Total
sured insured

Members F. R .
System
Total
National State

Not
mem­
bers
F .R .S.

Non­
Banks deposit Total
of de­
trust
posit
com­
panies2

Non­
In­
sured3 insured

f All
banks
of de­
posit

Com­
mercial
banks

Mutual
savings
banks

8,056
4,692
Jf.,083
609
3,364

3,785
1,847
l,5h0
307
1,938

8,361
6,698
5,886
812
1,663

553
460
U6
S
2U
93

63
59
57
2
4

857
528
373
155
329

454
220
126
9U
234

403
308
21*7
61
95

95.6
94.6
9U.5
95.5
97.4

97.3
96.6
96.3
98.6
98.7

52.9
41.7
33.8
60.6
70.9

Continental United S tates............. 21,494
All banks............................................... 14,242
Unit banks........................................ 12,853
Banks operating branches.............. 1,889
7,252
Branches...............................................

20,557
13,435
11,629
1,806
7,122

937 20,638 20,103
807 13,715 13,215
72U 11,981 11,503
83
1,7 3U 1,712
6,888
6,923
130

8,055
4,691
U,082
609
3,364

3,785
1,847
l,5h0
307
1,938

8,263
6,677
5,881
796
1,586

477
446
%26
20
31

58
54
52
2
4

856
527
372
155
329

454
220
126
H
234

402
307
2h6
61
95

95.9
94.7
9U.5
95.7
98.2

97.7
96.7
96.U
98.8
99.6

53.0
41.7
33.9
60.6
70.9

181
42
22
20
139

99
22
6
16
77

98
21
5
16
77

76
14
10
U
62

5
5
5

1
1
1

1
1
1

56.3
59.5
35.3
80.0
55.4

56.6
61.1
37.5
80.0
55.4

284
237
221
16
47

284
237
221
16
47

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

106
11
3
8
95

103
10
3
7
93

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

98.4
98.3
98.1
100.0
100.0

98.4
98.3
98.1
100.0
100.0

H t l m r A r p c iQ
A ll T^qti Itq
TT'M'ii hnyiTfSt

. ,

180
41
21
20
139

99
22
6
16
77

1
1
1

284
237
221
16
47

82
20
16
-4
62

284
237
221
16
47

112
69
56
13
43

28
25
23
2
3

144
143
1U2
1
1

106
11
3
8
95

103
10
3
7
93

65
3
1
2
62

6
1

32
6
2
A
26

253
228
206
22
25

58
54
50
U
4

State

T
7<*




3
1
2

’v;

258
233
211
22
25

253
228
206
22
25

5
5
5

258
233
211
22
25

--

1
5
17
17
17

178
157
139
18
21

3
1
1
2
4
4
u

1
1
1

CO R PO R ATIO N

1,019 20,818 20,202
827 13,756 13,237
7U0 12,002 11,509
1,7 5 U 1,728
87
6,965
7,062
192

INSURANCE

20,656
13,457
11,635
1,822
7,199

DEPOSIT

T otal United S tates............................ 21,675
All banks............................................... 14,284
Unit banks........................................ 12,875
Banks operating branches.............. 1,909
7,391
Branches...............................................

FEDERAL

Total

Insured banks'as percentages
of banks.of^deposit1

Noninsured

Insured
State and type of bank or office

Mutual savings banks

C alifornia.................................
All banks................................
Unit banks.........................
Banks operating branches,
Branches.................................

1,349
140

96
53
1,212

89
51

1,209

170
165

159
154

160
5

11*9
5

12
9
7

1,361
149

1,349
140

963
57

234
35

152
48

2

96
53

89
51

1,212

1,209

18
17

33
15

3

38
19

906

199

104

11
11

170
165

159
154

18
17

61
60

11

160
5

80
77
71*
3

59
1
1

3

16
1
1

C onnecticut............................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

293
169

197
92

96
77

201
98

190
87

87
39

51
14

52
34

127
1*2

59
33

68
9

67
31

56
31

105

19

103

v 103

6
8

25
9

124

25
u
48

Delaw are...................................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

71
32

66
30

5
2

68
30

65
29

9
9

23
9

23
7

22
8

22
7

9

2

36

3

38

36

5

39

5

37
2

3
2
1
1
1

18
5

14
4

54

1
7
31

1
U

13

1
3
10

F lorid a.......................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

250
238

245
233

5
5

250
238

245
233

92
82

226
12
12

221
12

5

226
12

221
12

11
11
11

138

12

12

72
10

G eorgia......................................
AH banks................................
Unit banks.........................
Banks operating branches
Branches................................

468
407

410
349

58
58

468
407

410
349

90
51

26
13

294
285

58
58

386
21

328
21

58

386
21

8
5

58

61

61

61

U
1
10

279

61

328
21

Id a h o ..........................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

103
36

103
36

103
36

103
36

28
8

28
8

28
8

67

67

28
8
67

Illin o is.......................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

923
919

917
913

6
6

923
919

915
U

909
U

6

915
U




54

67

4

54

54

12

4

4

142
140

10

39

13

69
11
7

13
9
7

U

2

21

16
U
2

58

4

5

917
913

395
391

127
127

395
395

909
U

387
U

127

395

4

4

1

95.6
96.7
100.0
87.5
94.7
100.0
100.0
100.0
100.0
100.0
99.2
99.1
99.1
100.0
100.0

87.6
85.7
85.0
100.0
100.0

87.6
85.7
85.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

99.7
99.7
99.7
100.0
100,0

99.7
99.7
99.7
100.0
100.0

9.5
33.3
50.0
100.0

BANKS

39
8

3
U

.. y

93.0
93.8
100.0
77.8
92.3

OPERATING

71
17

3
U

2
1

7.6
7.0
5.0
18.2

O
F

71
17

3
U

19

95.0
89.7
81*.8
100.0
100.0

DEPOSITS

71
17

3
U

85
66
57
9

AND

71
17

District of C o lu m b ia ...........
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

60
11
21

67.5
54.8
1*6.8
78.6
84.7

99.2
99.1
99.1
100.0
100.0

13
5
20

92
71

93.5
93.3
93.1
100.0
100.0

100.0
100.0
100.0
100.0
100.0

38
18

16

10
10
10

18

18

93.5
93.3
93.1
100.0
100.0

11
11
11

99.8
98.6
98.9
98.1
99.9

OFFICES,

5

11*9
5
^ 5

99.8
98.6
98.9
98.1
99.9

3
2
1
1
1

N U M BER ,

Colorado...................................
All banks................................
Unit banks.........................
Banks operating branches,
Branches.................................

1,361
149

Table 102.

N

u m b er of

O p e r a t in g B a n k s

and

B ranches

in th e

U n it e d S t a t e s ( C o n t i n e n t a l

U.

S.

and

O t h e r A r e a s ), D

ecem ber

31,1955—

C o n t,

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF B AN K , AND B Y STATE AND TYPE OF OFFICE

Commercial and stock savings banks
and nondeposit trust companies

All banks

NonIn­
Total
sured insured

Members F . R .
System
Total

Non­
Banks deposit Total
trust
of de­
com­
posit
panies2

In­
Non­
sured3 insured

Com­
mercial
banks

94.1
92.9
91.7
98.3
98.8

94.1
92.9
91.7
98.3
98.8

99
99
99

83.6
83.5
83.5
100.0
100.0

83.6
83.5
83.5
100.0
100.0

14
14
n

96.9
96.2
95.7
100.0
100.0

96.9
96.2
95.7
100.0
100.0

i

99.7
99.4
99.2
100.0
100.0

99.7
99.4
99.2
100.0
100.0

77.7
67.0
64.5
72.4
87.6

89.0
88.1
96.9
77.8
89.4

643
477
398
79
166

635
469
390
79
166

8
8
8

639
473
394
79
166

632
466
387
79
166

707
123
97
26
84

131
112
104
8
19

294
231
186
45
63

6
6
6

1
1
1

All banks
...................
Unit banks
...............
Banks operating branches..............
Branches
•.
....

829
667
546
121
162

779
619
500
119
160

50
48
U6
2
2

829
667
546
121
162

779
619
500
119
160

95
95
95

75
71
68
3
4

609
453
337
116
156

49
47
45
2
2

1
1
1

K&I183S
All banks
.
Unit banks
.
..
Banks operating branches.
Branches
...................

603
601
599
2
2

504
502
500
2
2

99
99
99

603
601
599
2
2

504
502
500
2
2

172
170
168
2
2

42
42
42

290
290
290

Kentucky
...
........................
All banks
......................
Unit banks
....................
Banks operating branches..............
Branches
....................

451
367
829
88
84

437
353
315
38
84

14
14
U

451
367
329
38
84

437
353
315
38
84

127
89
78
11
38

40
20
14
6
20

270
244
223
21
26

Louisiana
...................
All banks
..... ....
Unit banks
,
..........................
Banks operating branches..............
Branches
.
........................

292
175
125
50
117

291
174
124
50
117

1
1
1

292
175
125
50
117

291
174
124
50
117

105
41
25
16
64

23
10
5
5
13

163
123
94
29
40

M aine ......................................................
All banks...............................................
Unit banks........................................
Banks operating branches. . .........
Branches...............................................

188
91
62
29
97

146
61
uo
21
85

42
30
22
8
12

154
59
32
27
95

137
52
31
21
85

55
31
22
9
24

40
6
2
4
.
34

42
15
7
8
27

4
4
4

3
3
3

1
1
1

i
i

17
7
1
6
10

34
32
30
2
2

9
9
9

25
23
21
2
2

75.0
75.0
75.0

CO R P O R A TIO N

99.1
98.7
98.5
100.0
100.0

Mutual
savings
banks

INSURANCE

98.9
98.5
98.2
100.0
100.0

All banks...............................................
Unit banks........................................
Banks operating branches
Branches
................. ..




All
banks
of de­
posit

DEPOSIT

National State

Not
mem­
bers
F .R .S.

FEDERAL

Total

Insured banks as percentages
of banks of deposit1

Noninsured

Insured
State and type of bank or office

Mutual savings banks

26.5
28.1
30.0

66
13
5
8
53

151
81
59
22
70

1
2

34
8
3
5
26

M assachusetts..........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches4.................................

695
366
252
11U
329

430
170
105
65
260

265
196
U7
A9
69

439
177
111
66
262

430
170
105
65
260

240
110
79
31
130

121
25
6
19
96

69
35
20
15
34

9
7
6
1
2

256
189
HI
U8
67

M ic h ig a n :...................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

796
420
325
95
376

788
412
317
95
376

8
8
8

796
420
325
95
376

788
412
317
95
376

216
76
58
18
140

319
154
12U
30
165

253
182
135
U7
71

3
3
3

5
5
5

M inn esota..................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

687
681
679
2
6

676
670
668
2
6

11
11
11

686
680
678
2
6

675
669
667
2
6

184
178
176
2
6

28
28
28

463
U68
U68

10
10
10

1
1
1

M ississippi.................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

295
197
1U8
U9
98

292
194
1U5
U9
98

3
3
3

295
197
1U8
U9
98

292
194
1U5
U9
98

39
27
21
6
12

13
7
6
1
6

240
160
118
U2
80

3
3
8

M issou ri......................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

606
603
600
3
3

588
585
582
3
3

18
18
18

606
603
600
3
3

588
585
582
8
3

78
76
7U
2
2

100
99
98
1
1

410
410
u io

14
14
U

M o n ta n a .....................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

113
113
113

113
113
113

113
113
113

113
113
US

40
40
U
O

44
44
U

29
29
29

N ebraska....................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

421
420
U 9
1
1

380
379
378
1
1

421
420
U9
1
1

380
379
378
1
1

124
123
122
1
1

16
16
16

240
240
2U0

N evad a.........................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

35
6
1
5
29

35
6
1
5
29

35
6
1
5
29

35
6
1
5
29

21
3
1
2
18

9
2

5
1

2
7

1
4




41
41
U

35
35
35

6
6
6

61.8
46.4
U1.7
57.0
78.8

97.9
96.0
91>.6
98.5
99.2
99.6
99.3
99.1
100.0
100.0

98.5
98.5
98.5
100.0
100.0

98.5
98.5
98.5
100.0
100.0
99.0
98.5
98.0
100.0
100.0

97.7
97.7
97.7
100.0
100.0

97.7
97.7
97.6
100.0
100.0

100.0
100.0
100.0

4
4
It

1
1
1

99.1
99.3
100.0
97.8
98.8

99.6
99.3
99.1
100.0
100.0
1
1
1

98.9
98.8
99.1
98.0
99.0

256
189
1U1
U8
67

33
7
2
5
26

1
1
1

99.0
98.5
98.0
100.0
100.0

3
1

100.0
100.0
100.0

91.6
91.5
91.5
100.0
100.0

91.6
91.5
91.5
100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

97.1
87.5
66.7
100.0
100.0

100.0
100.0
100.0

BANKS

100
57
U2
15
43

OPERATING

317
151
106
U5
166

O
F

320
152
106
1*6
168

DEPOSITS

4
2
1
1
2

AND

350
158
108
50
192

OFFICES,

354
160
109
51
194

N U M BER ,

M aryland ....................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

Table 102.

N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s in t h e U n it e d St a t e s ( C o n t in e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r
grouped

a c c o r d in g

to

in s u r a n c e

status

and

class

of

bank

35
35
35

78
76
7k
2
2

Total

^anr IftrQPV
......................
All ha nIra
....
Unit banks
..
......
Banks opctatinQ bfanchcs
PrnnnhPQ
...

595
320
219
101
275

592
317
216
101
275

3
3
3

558
297
203
9L
261

81
51
3k
17
30

81
51
3U
17
30

1,801
638
U8
S
200
1,163

1,787
628
U31
197
1,159

14
10
7
3
4

546
220
13k
86
326

542
219
131*.
85
323

4
1

178
154
138
16
24

173
149
133
16
24

r<
!of*Allno
T m Tr'VT t
T 'it i t i f
S
T i* n/* o i
^q
c
Flol/A |
f"C
Z()
*
D /v 7 a
/v i *

n T rtwt* p
w n .q




65
63
61
2
2
tpw
w
555
294
200
9k
261

Not
mem­
bers
F.R .S.

52
51
50
1
1

1
1
1

12
11
10
1
1

323
188
139
k9
135

160
64
32
32
96

Mutual savings banks

37
25
18

Non­
Banks deposit Total
trust
of de­
com­
posit
panies2

5
5
5

Insured banks as percentages
of banks of deposit1

All
banks
of de­
posit

Com­
mercial
banks

Mutual
savings
banks

37
23
16
7
14

37
23
16
7
14

81
51
3k
17
30

12

9
8
7
1
1

1,548
509
376
133
1,039

1,534
499
369
130
1*035

589
304
2k3
61
285

827
139
87
52
688

118
56
39
17
62

10
6
3
3
4

546
220
13 U
86
326

542
219
13k
85
323

101
46
27
19
55

50
7
2
5
43

391
166
105
61
225

4
1

178
154
138
16
24

173
149
133
16
24

38
38
38

2
2
2

133
109
93
16
24

1
3
5
5
5

4
4
k

253
129
62
67
124

253
129
62
67
124

22
22
22

69.0
68.1
67.3
100.0
100.0

83.3
82.9
82.k
100.0
100.0

37.1
35.3
33.3
100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

13
12
11
1
1

35
18
9
9
17

3
3
3

81
51
3A
17
30

1
3

Non­
In­
sured3 insured

35
34
33
1
1

13
13
13

72
42
29
13
30

7

31,1955— Cont.

o f f ic e

100.0
100.0
100.0
100.0
100.0

99.4
99.1
99.3
98.5
99.7

99.4
98.8
99.2
97.7
99.6

99.3
99.5
100.0
98.8
99.1

99.3
99.5
100.0
98.8
99.1

97.2
96.8
96.k
100.0
100.0

97.2
96.8
96.k
100.0
100.0

100.0
100.0
100.0
100.0
100.0

CORPORATION

78
75
72
3
3

of

INSURANCE

113
110
107
3
3

type

DEPOSIT

.........................................
All banks
Unit banks
............. ................
T v ra n'nom
tn tT
liYifl
Branches
• •
...........

and

FEDERAL

In­
Non­
Total
sured insured

Members F . R.
System
National State

New York ..............................................
All banks
.......................................
Unit bunks........................................
p/iMI*o t\ D n
'f\ T /itin rivn ^ fist
vL n
Branches4
....................

state

Noninsured

Insured
State and type of bank or office

TT
V/\tir
A1 KqtiItq
1
h/rt) IfS
i
A
/n/Jl'/l/'itin
"Rtqn/>ioq
1

by

Commercial and stock savings banks
and nondeposit trust companies

All banks

Total

, and

336
171
U7
n
165

O k la h om a.................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

388
385
S82
8
3

380
377
374
S
3

8
8
8

388
385
382
3
3

380
377
374
3
3

201
198
195
3
3

25
25
25

O regon.......................................
All banks................................
Unit banks.........................
Banks operating branches
Branches4...............................

195
50
89
11
145

193
48
87
11
145

2
2
2

194
49
38
11
145

192
47
36
11
145

145
13
11
2
132

10
7
6
1
3

37
27
19
8
10

1
1
1

1
1
1

1
1
1

1
1
1

99.5
98.0
97.4
100.0
100.0

1,327
825
688
142
502

1,310
811
671
140
499

17
14
12
2
3

1,289
818
680
138
471

1,272
804
668
136
468

796
522
4U1
81
274

224
93
65
28
131

252
189
162
27
63

14
11
9
2
3

3
3
3

38
7
3
4
31

38
7
3
4
31

98.9
98.7
98.7
98.6
99.4

Rhode Isla n d ..........................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

103
18
8
10
85

91
13
5
8
78

12
5
3
2
7

79
10
3
7
69

76
8
*
6
68

43
5
2
8
38

16
1

17
2

2
1

1
1
1

24
8
5
8
16

15
5
3
2
10

South C arolina......................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

235
149
122
27
86

225
139
112
27
86

10
10
10

235
149
122
27
86

225
139
112
27
86

South D a k o ta .........................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

225
171
142
29
54

225
171
142
29
54

225
171
142
29
54

T ennessee.................................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

437
299
253
46
138

430
292
246
46
138

7
7
7

T e xas..........................................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

954
935
915
20
19

918
899
879
20
19

36
36
36

Pennsylvania..........................
All banks................................
Unit banks.........................
Banks operating branches,
Branches4...............................

3 I.............
3 1

154
154
154

7
7
7

14
3
1
2
11

99.7
99.5
99.4
100.0
100.0

14
3
1
2
11

1
1
1

98.2
98.2
98.2
100.0

100.0

2
15

1
1

86
26
16
10
60

129
106
91
15
23

10
10
10

225
171
142
29
54

58
34
30
4
24

140
110
85
25
30

437
299
253
46
138

430
292
246
46
138

153
77
59
18
76

23
9
7
*
14

254
206
180
26
48

4
4
4

954
935
915
20
19

918
899
879
20
19

465
446
4 26
20
19

134
134
134

319
319
319

36
36
36

9
3
2
1
6

89.2
76.5
714
80.0
91.8
95.7
93.3
91.8
100.0
100.0
100.0
100.0
100.0
100.0
100.0

1

3
3
3

99.1
98.6
98.4
100.0
100.0
96.2
96.1
96.1
100.0
100.0

99.7

99.5
99.4
100.0
100.0

100.0
100.0
100.0
100.0
100.0

98.2

98.2
98.2
100.0
100.0
99.5

97.9
97.8
100.0
100.0
98.9

100.0
100.0
100.0

100.0

98.7

100.0

98.7
98.6

100.0
100.0
100.0

99.4
97.4

88.9
100.0
85.7

98.5
95.7

93.3
91.8

62.5
62.5
60.0
66.7
62.5

100.0

100.0
100.0
100.0
100.0
100.0
100.0
99.1

98.6
98.4
100.0
100.0
96.2

96.1

96.1
100.0
100.0

115




261 1
219
184 1

BANKS

392
230
183
47
162

OPERATING

989
620
514
106
369

O
F

992
623
517
106
369

DEPOSITS

3
3
3

AN
D

1,003
623
515
108
380

OFFICES,

1,006
626
518
108
380

NUMBER,

O h io ............................................
All banks................................
Unit banka.........................
Banks operating branches
Branches................................

16
1

Table 102.

N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s in t h e U n it e d St a t e s (C o n t in e n t a l

U. S. a n d

O t h e r A r e a s ), D e c e m b e r

31,1955—

C o n t.

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BAN K, AND BY STATE AND TYPE OF OFFICE

Commercial and stock savings banks
and nondeposit trust companies

All banks

Non­
In­
Total
sured insured

Members F. R.
System
Total

77
62
52
10
15

76
61
51
10
15

39
34
30
1
*
5

2
1
1
1

35
26
21
5
9

492
316
237
79
176

492
316
237
79
176

215
132
102
30
83

110
73
57
16
37

3
3
3

311
103
82
21
208

308
100
79
21
208

217
30
17
13
187

22
12
9
3
10

69
58
53
5
11

177
177
177

4
4
I.
t

181
181
181

177
177
177

75
75
75

36
36
36

66
66
66

4
4
•
4

699
550
1*61
89
149

8
7
6
1
1

703
553
1*63
90
150

696
547
1*58
89
149

110
95
91
U
15

78
71
67
h
7

508
381
300
81
127

4
3
2
1
1

492
316
237
79
176

492
316
237
79
176

320
107
81*
23
213

317
104
81
23
213

181
181
181

707
557
1*67
90
150

W ashington
All banks
.......................................
Unit banks
Banks ojpctatinQ btanchcs
Branches4
• •. ••
All
Unit banks

W isconsin...............................................
All banks...............................................
Unit banks...................................... ,
Banks opcvatinQ bvanchcs
T^ronniloc




1
1
1

17
7
5
2
10

9
4
2
2
5

3
3
3

4
4
U

17
7
5
2
10

9
4
2
2
5

3
3
3

1
1
1

100.0
100.0
100.0
100.0
100.0
99.0
97.0
96.3
100.0
100.0

97.8
97.8
97.8

3
3
3

A1 Tiiinlrc
1
Unit banks
T n ilfQ fi*n f'>t tn hvnnrhps
Z 'Y
0rn Y
'Rrii'n A
Q

1
1
1

100.0
100.0
100.0
100.0
100.0

99.1
97.2
96.1*
100.0
100.0

167
111
78
33
56

93
68
56
12
25

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

30
25
20
5
5

97.8
97.8
97.8

99.3
99.3
99.1*
98.9
99.3

99.4
99.5
99.6
98.9
99.3

Mutual
savings
banks

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

75.0
75.0
75.0

CORPORATION

34
19
13
6
15

94
69
57
12
25

Com­
mercial
banks

INSURANCE

32
7
6
1
25

.................
Verm ont
All banks
Unit banks
Banks opcvatinQ bvanchcs
Branches

■R np to
ro V q

All
banks
of de­
posit

100.0
100.0
100.0
100.0
100.0

96
51
39
12
45

96
51
39
12
45

T 'Y Y 'n
T t'ii in lfa

Non­
In­
sured3 insured

100 0
100.0
100.0
100.0
100.0

96
51
39
12
45

96
51
89
12
45

U tah

Non­
Banks deposit Total
trust
of de­
posit
com­
panies2

DEPOSIT

National State

Not
mem­
bers
F .R .S.

FEDERAL

Total

Insured banks as percentages
of banks of deposit1

Noninsured

Insured
State and type of bank or office

Mutual savings banks

W y o m in g ....................................
All banks..................................
Unit banka...........................
Banks operating branches.
Branches...................................

100.0
100.0
100.0
100.0

100.0

100.0

100.0
100.0
100.0
100.0

75.0
55.6
33.3
100.0
100.0

75.0
55.5
33.3
100.0
100.0

11.7
60.0

11.7
60.0

60.0
7.3

60.0
7.3

Puerto R ic o ...............................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches4.................................

90.1
70.0
66.7
71.h
93.4

90.1
70.0
66.7
71.U
93.4

Virgin Islands7..........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

80.0
66.7

100.0

100.0

100.0
100.0

Other area

51

DEPOSITS

Mariana Island s......................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches4 ................................

O
F

Panam a Canal Z o n e .............
All banks..................................
Unit banks..........................
Banks operating branches.
Branches4 ................................

OPERATING
BANKS

100.0

100.0

1 Percentages are based on totals for all banks, excluding nondeposit trust companies.
2 Includes 1 trust company in Missouri member of the Federal Reserve System.
3 Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin.
4 Includes branches operated by banks located in other states or areas as follows: 1 noninsured branch in Massachusetts operated by a New York bank; 2 insured branches in
New York operated by a Puerto Rico bank; 1 insured branch in Oregon operated by a California bank; 1 insured branch in Pennsylvania operated by a New Jersey bank and 1 noninsured branch in Pennsylvania operated by a New York bank; 2 insured branches in Washington operated by a California bank; 3 noninsured branches in the Mariana Islands operated
by a California bank; 4 noninsured branches in the Panama Canal Zone operated by 2 New York banks; and 9 insured branches in Puerto Rico operated by 2 New York banks.
5 Includes 6 insured national banks, not members of the Federal Reserve System,
s Includes, among noninsured banks, 1 national bank operating 22 branches.
^Includes, among insured banks not members of the Federal Reserve System, 1 national bank operating 1 branch.
Back figures: See the Annual Report for 1954, pp. 110-117, and earlier reports.




AN
D

Hawaii6........................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

OFFICES,

Am erican S a m o a ....................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

NUMBER.

Alaska5.........................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

l
“-4
l_
"t

Table 103.

N u m b e r a n d D e p o s i t s o f O p e r a t i n g B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S . a n d O t h e r A r e a s ) , D e c e m b e r 3 1 , 1955
B AN KS GROUPED ACCORDING TO INSURANCE STATUS AND B Y DISTRICT AND STATE

Deposits (in thousands of dollars)

Number of banks
Commercial and stock savings
banks and nondeposit
trust companies
FDIC District
and State

Noninsured

T otal United
S ta te s.................

Non­
Banks deposit
trust
of de­
compost1

All
banks
Total

In­
sured

Total

Nonin­
sured

Insured

Nonin­
sured

Total

Insured

Nonin­
sured

DEPOSIT

Total

In­
sured

Mutual savings banks

FEDERAL

All
banks1

Commercial and stock savings
banks and nondeposit
trust companies

Mutual savings banks

13,237

460

528

220

308

221,391,573

193,204,839

190,988,628

2,216,211

28,186,734

21.237.020

6,949,714

14,242

13,715

13,215

446

527

220

307

220,435,585

192,249,049

190,506,715

1,742,334

28,186,536

21.237.020

6,949,516

Other areas..........

42

41

22

14

1

1

955,988

955,790

481,913

473,877

198

FDIC District
District 1 .................
District 22...............
District 3 .................
District 4 .................
District 5 .................
District 6 .................
District 7 .................
District 8 .................
District 9 .................
District 10 ..............
District 11 ..............
District 123.............

823
1,003
1,451
1,043
1,079
1,502
1,454
1,586
1,119
1,624
1,172
428

482
848
1,441
1,035
1,079
1,502
1,446
1,586
1,118
1,624
1,172
423

441
831
1.424
1,019
1,013
1,458
1.425
1,532

38
10
14
16
63
36

341
155
10

303
2

16,744 ,356
62,988 ,408
24,145 ,448
10,998 ,537
8,325 638
11,100 ,427
15,749 ,615
18,232 ,212
5,610 ,690
7,690 ,369
13,849 ,539
25,956 ,334

9,220,642
45,314,749
22,272,858
10,507,814
8,325,638
11,100,427
15,674,946
18,232,212
5,378,891
7,690,369
13,849,539
25,636,754

8,956,086
44,702,370
22,223,640
10,354,546
8,293,957
11,061,076
15,652,033
18,115,012
5,245,693
7,534,542
13,745,620
25,104,053

264,556
612,379
49,218
153,268
31,681
39,351
22,913
117,200
133,198
155,827
103,919
532,701

7,523,714
17,673,659
1,872,590
490,723

237

237

237

4,245
2,664
62,618
4,263

C ontinental U .S .

1,465
1,134
393

12
50
15
152
37
17

10

7

11

11

10

233
149
165

233
149
165

228
140
154

1.681.554
754,415
1,044,667
19,128,107
1.598.522

1.681.554
754,415
1,044,667
19,128,107
1.598.522

1,681,554
750,170
1,042,003
19,065,489
1,594,259

Connecticut............
Delaware.................
Dist. of Columbia.
Florida.....................
Georgia....................

169
32
17
238
407

30
17
238
407

87
29
17
233
349

4,021,885
727,804
1,376,350
3.294.523
2.332.554

2.178.554
610,455
1,376,350
3.294.523
2.332.554

2,149,293
605,194
1,376,350
3,284,743
2,319,735

Idaho........................
Illinois......................
Indiana....................
Iowa.........................
Kansas.....................

36
919
477
667
601

36
919
473
667
601

36
913
466
619
502

542,520
15,549,885
4,211,746
2,682,327
2,028,317

542,520
15,549,885
4,156,975
2,682,327
2,028,317

542,520
15,515,476
4,151,369
2,599,536
1,909,454




3
6
47
99

29,261
5,261

685,949
17,580,959
1,872,590
486,098

6,837,765
92,700

14,624

4,625

74,669

60,045

231,799

231,799

319,580

319,580

1,843,331
117,349

106,806
24,847

1,736,525
92,502

54,771

40,773

13,998

CO R PO R ATIO N

State
Alabama..................
Arizona....................
Arkansas.................
California................
Colorado..................

1,102

38
153

198

9,780
12,819
34,409
5,606
82,791
118,863

INSURANCE

13,756

14,284

367
175
91
160
366

367
175
59
152
177

353
174
52
151
170

Michigan..........
Minnesota........
Mississippi
Missouri............
Montana..........

420
681
197
603
113

420
680
197
603
113

Nebraska............
Nevada................
New Hampshire.
New Jersey........
New Mexico. . . .

420
6
110
320
51

2,006,777
2.571.994
567,415
2,079,872
4,967,968

1,993,710
2,571,132
525,437
1,968,229
4,855,663

13,067
862
41,978
111,643
112,305

412
669
194
585
113

7,808,050
3.704.474
1,017,007
5.410.995
701,703

7,808,050
3,472,675
1,017,007
5.410.995
701,703

7,797,252
3,461,445
1,007,925
5.393.593
701,703

10,798
11,230
9,082
17,402

420
6
76
297
51

379
6
63
294
51

1,499,084
290,625
746,781
6,849,632
526,867

1,499,084
290,625
351,760
5.839.263
526,867

1,470,854
290,625
295,773
5,839,249
526,867

28,230

638

509

220

220

499
219
149
620
377

55,058,064
2,446,038
615,294
10,200,430
2,231,143

38,512,321
2,446,038
615,294
9,824,765
2,231,143

1,855,666
13,945,018
1.224.475
853,129
589,219

154
626
385

154
623
385

129

23
1
18S

129

50,562
486,098

231,799

231,799

55,987
14

395,021
1,010,369

231,525
1,010,369

37,943,958
2,422,299
493,326
9,820,382
2,226,672

568,363
23,739
121,968
4,383
4,471

16,545,743

16,545,743

375,665

375,665

1,825,923
12,448,093
847,403
853,129
589,219

1,816,901
12,403,258
822,378
848,104
589,219

9,022
44,835
25,025
5,025

29,743
1,496,925
377,072

29,743
1,496,925
186,474

110,582

110,582

289,837

289,837

19,898

19,272

49
818
149
171

47
804
8
139
171

Tennessee...............
Texas........................
Utah.........................
Vermont..................
Virginia...................

299
935
51
69
316

299
935
51
62
316

51
61
316

2,637,988
9,996,263
820,981
418,124
2,661,049

2,637,988
9.996.263
820,981
307,542
2,661,049

2,631,770
9,897,451
820,981
307,542
2,661,049

6,218
98,812

Washington..........
West Virginia
Wisconsin.............
Wyoming..............

107
181
557
53

103
181
553
53

100
177
547
53

2,715,355
1,091,376
3,729,819
333,303

2,425,518
1,091,376
3,709,921
333,303

2.399.593
1,078,515
3,703,412
333,303

25,925
12,861
6,509

10

151,525
1,429
405,712
23,532
20,882
340,138
12,770

151,525
1,429
405,712
23,532
20,882
340,138
12,572

129,118

22,407
1,429
366,886
23,532
20,882
38,741

' 38,826

198

626

198

1 Includes 19 noninsured banks of deposit (1 in Colorado, 12 in Georgia, 2 in Iowa, and 4 in Texas) for which deposits are not available.
2 Includes Puerto Rico and the Virgin Islands.
8 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.
4 Includes deposit data for the following branches of insured banks in continental United States: 3 noninsured branches in the Mariana Islands (2 in Guam and 1 in Saipan); 4
nomnsured branches in the Panama Canal Zone; and 9 insured branches in Puerto Rico. Data for these branches are not included in the figures for the States in which the parent
banks are located.
Back figures: See the Annual Report for 1954, pp. 118-119, and earlier reports.




BANKS

301,397
12,572

190,598

OPERATING

Other area
Alaska........................
American Samoa. . .
Hawaii.......................
Mariana Islands*. ..
Panama Canal Zone4
Puerto Rico4.............
Virgin Islands..........

10

O
F

50
825
18
149
171

163,496

DEPOSITS

Oregon...............
Pennsylvania. .
Rhode Island. .
South Carolina.
South D akota..

265,016
4,625
4,482,130

AN
D

315,578
490,723
4,482,130

OFFICES,

New York.........
North Carolina.
North Dakota. .
Ohio...................
Oklahoma.........

2,006,777
2.571.994
882,993
2,570,595
9,450,098

32
8
189

NUMBER,

Kentucky.........
Louisiana..........
Maine................
Maryland.........
Massachusetts.

120

A

T a b le 1 0 4 .

A sse ts

and

ssets

and

L ia b il it ie s

of

O p e r a t in g B a n k s

li a b i l i t i e s o f o p e r a t i n g b a n k s in t h e

U n ite d

S ta tes

(c o n tin e n ta l U . S .
FEDERAL

a n d o th e r a r e a s ), J u n e 3 0 , 1 9 5 5

Banks grouped according to insurance status and type of bank
T a b le 1 0 5 .

A sse ts

and

l i a b i l i t i e s o f o p e r a t i n g b a n k s in t h e U n i t e d

S ta te s

S.

(c o n tin e n ta l U .

S.

DEPOSIT

(c o n tin e n ta l U .

a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5

Banks grouped according to insurance status and type of hank
A sse ts

and

li a b i l i t i e s o f o p e r a t i n g b a n k s in t h e

U n ite d

S ta te s

a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5

Banks grouped by district and State




A s s e t s a n d l i a b i l i t i e s o f o p e r a t i n g i n s u r e d b a n k s in t h e U n i t e d S t a t e s ( c o n t i n e n t a l
U . S . a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5 , J u n e 3 0 , 1 9 5 5 , a n d D e c e m b e r 3 1 , 1 9 5 4

The data in these tables relate to banks operating in the United
States (continental U. S. and other areas). Data from the same tabu­
lations for all operating banks in each State and other area are also
shown in the Corporation’s publication, “ Assets, Liabilities, and
Capital Accounts, Commercial and Mutual Savings Banks,” as follows:
For June 30, 1955
For December 31, 1955

Report No. 43, pp. 4-5.
Report No. 44, pp. 4-5.

CO R P O R A TIO N

T a b le 1 0 7 .

INSURANCE

T a b le 1 0 6 .

Statements of assets and liabilities are submitted by insured com­
mercial banks upon either a cash or an accrual basis, depending upon
the bank’s method of bookkeeping. Assets reported represent aggregate
book value, on the date of call, less valuation and premium reserves.

Other insured banks: Federal Deposit Insurance Corporation.
Noninsured banks: State banking authorities; Rand McNally Rankers
Directory; Polk’s Bankers Encyclopedia; and reports from individual
banks.

BANKS

State banks members of the Federal Reserve System: Board of
Governors of the Federal Reserve System.

OPERATING




National banks and State banks in the District of Columbia not
members of the Federal Reserve System: Office of the Comptroller of
the Currency.

O
F

Individual loan items are reported gross instead of net of valuation
reserves. Accordingly, reserves for losses on loans are shown separately.

S ou rces o f d a ta

LIABILITIES

Demand balances with and demand deposits due to banks in the
United States, except private banks and American branches of foreign
banks, exclude reciprocal interbank deposits. Reciprocal interbank
deposits arise when two banks maintain deposit accounts with each
other.

Asset and liability data for noninsured banks are tabulated from
reports pertaining to the individual banks. In a few cases these reports
are not as detailed as those submitted by insured banks, and some of
the items reported have been allocated to more detailed categories
according to the distribution of asset and liability data for insured
State banks not members of the Federal Reserve System or for other
noninsured banks.

AND

In the case of banks with one or more domestic branches, the assets
and liabilities reported are consolidations of figures for the head office
and all domestic branches. In the case of a bank with foreign branches,
net amounts due from its own foreign branches are included in “ Other
assets,” and net amounts due to its own foreign branches are included
in “ Other liabilities.” Branches outside the continental United States
of insured banks in the United States are treated as separate entities
but as in the case of other branches are not included in the count of
banks. Data for such branches are not included in the figures for the
States in which the parent banks are located. Asset and liability data
for nine branches in Puerto Rico of two banks in New York are included
with insured bank figures for Puerto Rico and for all insured banks.

Total deposits shown in these tables are not the same as the deposits
upon which assessments paid to the Federal Deposit Insurance Cor­
poration are based. The assessment base is slightly lower due to certain
exclusions which are permitted and deductions which may be claimed.

ASSETS

Assets and liabilities held in or administered by a savings, bond,
insurance, real estate, foreign, or any other department of a bank,
except a trust department, are consolidated with the respective assets
and liabilities of the commercial department. “ Deposits of individuals,
partnerships, and corporations” include trust funds deposited by a trust
department in a commercial or savings department. Other assets held
in trust are not included in statements of assets and liabilities.

Instalment loans are ordinarily reported net if the instalment pay­
ments are applied directly to the reduction of the loan. Such loans are
reported gross if, under contract, the payments do not immediately
reduce the unpaid balances of the loan but are assigned or pledged to
assure repayment at maturity.

Table 104.

A ssets

and

L ia b il it ie s

of

O p e r a t in g B a n k s

in

the

U n it e d S t a t e s ( C o n t i n e n t a l U . S.

and

O t h e r A r e a s ), J u n e

30, 1955

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK
(Amounts in thousands of dollars)

to
to

Commercial and stock savings banks and
nondeposit trust companies

All banks

Mutual savings banks

Noninsured
Asset, liability, or capital account item
Total

220,326,911 10,358,836

Banks
of
deposit

200,303,849

197,565,834

2,530,229

41,201,787

Total

Insured

Non­
insured

207,786

30,381,898

22,761,077

7,620,821

Nondeposit
trust
com­
panies1

388,755

48,206

988,812

808,409

49,388

1,828

‘464,627
11,625
12,562
47,151

289,634
5,027
11,963
32,743

41,247

119,120
1,482
533,209
297,582

180,403

2,682,964
17,940,586
10,234,687
39,288
102,498
9,764,803

88,937
1,482
399,463
292,342

133,746
5,240

37,419

26,185

11,234

88,001,536

5,247,035

80,430,593

78,951,432

1,367,028

112,133

12,817,978

68,451,960
13,135,937
5,728,141
685,498

3,762,864
364,967
724,578
394,626

63,539,334
12,844,748
3,586,731
459,780

1,020,664
238,042
80,781
27,541

64,777
23,757
4,044
19,555

8,675,490
656,156
2,865,988
620,344

3,767,874

72,214,824
13,500,904
6,452,719
1,080,124

62,453,893
12,582,949
3,501,906
412,684

9,050,104

5,998,067
552,988
2,226,235
272,814

2,677,423
103,168
639,753
347,530

91,826,835

87,497,152

4,329,683

75,654,994

74,930,595

27,353

16,171,841

12,566,557

3,605,284

81,399

Securities— to ta l.....................................................
U . S. Gov’t, obligations (incl. guaranteed). ..
Obligations of States and subdivisions............
Other bonds, notes, and debentures.................
Corporate stocks....................................................

93,248,571

Loans and discounts, net— to ta l.....................
Valuation reserves......................................................
Loans and discounts, gross— to ta l.................
Commercial and industrial loans.......................
Loans to farmers directly guaranteed by the
Commodity Credit Corporation....................
Other loans to farmers (excl. real estate). . . .
Loans to brokers and dealers in securities----Other loans for carrying securities....................
Real estate loans— total.......................................
Farm land............................................................
Residential properties:
Insured by FH A ...........................................
Insured or guaranteed by V A ......................
Not insured or guaranteed by FH A or V A .
Other properties...................................................
Other loans to individuals...................................
Loans to banks.. : : ............. ........... .. ..................
All other loans (including overdrafts)..............

1,331,027

1,305,255

25,772

93,157,862

88,802,407

4,355,455

29,081,384

28,867,731

213,653

886,567
3,530,661
2,858,738
1,640,544
36,112,258

874,222
3,465,856
2,834,399
1,594,532
32,325,896

1,321,815
8,361,162
8,577,101
12,528,131+
5,321*,01+6

697,046

2,136

181,160

23,594

12,747,717

3,628,878

208,302

930

39,617

35,196

4,421

874,222
3,464,296
2,834,399
1,591,377
19,713,060

12,345
64,500
24,339
39,232
207,603

157

1,708

1,560

148

4,519
18,979

5,416
16,172,616

3,155
12,612,836

2.261
3,559,780

1,262,917

1,21*3,322

18,757

838

58,898

1*1+,097

11+,801

1*,361,1*78
3,600,611
7,165,71*0
3,51*8,896

1*,308,937
3,562,1*13
7,086,127
3,512,261

50,1*95
35,696
68,81*0
33,815

2,01*6
2,502
10,773
2,820

3,999,681*
1*,976,1*90
5,362,391*
1,775,150

3,561*,933
3,859,989
3,720,921
1,1*22,896

l+Sl+,751
1,116,501
1,61*1,1*73
352,251+

29,041,767

28,832,535

12,345
64,805
24,339
46,012
3,786,362

886,567
3,528,953
2,858,738
1,635,128
19,939,642

1,287,1*19

31*,396

7,873,870
7,1+22,1*02
10,807,01*8
1*,935,157

1+87,292
1,151+,699
1,721,086
388,889

3,419,742

3,254,988

1,737,216
144,668
1,373,104

204,754
16,376,595

699,182

16,406,554
418 366
2,014,851

42
27,395

1,126,273

76,054,690

16,577,566
418,448
2,051,696
1,795,346
159,724
1,464,672

1,124,095

1,358
599
3,174

30,183

76,781,267

171,012
82
36,845

16,444,444
418,448
2,027,580

16,333,245
418,366
1,993,190

109,870
82
32,909

1,329

133,122

1,481

24,116

21,661

2,455

164,754

3,016,475

2,918,981

77,400

20,094

403,267

336,007

67,260

1,602,278
142,102
1,174,601

13,624
5,211
58,565

6,545
7,132
6,417

172,899
5,279
225,089

134,938
2,566
198,503

37,961
2,713
26,586

58,130
15,056
91,568

1,622,447
154,445
1,239,583

73,309

59,813

CO R PO R ATIO N

617,364

2,771,901
17,942,068
10,634,150
331,630
102,498
9,790,988

INSURANCE

40,764,826

41,573,235

2,853,300
17,942,068
11,098,777
343,255
115,060
9,838,139




Insured

2,734,180
17,940,586
10,565,568
45,673
115,060
9,800,720

42,190,599

M iscellaneous assets— to ta l...............................
Bank premises owned, furniture and fixtures.
Other real estate— direct and indirect.............
All other miscellaneous assets............................

Total

DEPOSIT

Cash, balances with other banks, and cash
collection item s— to ta l................................
Currency and coin.................................................
Reserve with F. R. banks (member banks)..
Demand balances with banks in U . S..............
Other balances with banks in U . S...................
Balances with banks in foreign countries. . . .
Cash items in process of collection...................

230,685,747

Non­
insured

FEDERAL

Total a ssets.........................................................

Insured

220,326,911 10,358,836

200,303,849

197,565,834

2,530,229

207,786

30,381,898

22,761,077

7,620,821

Business and personal deposits— to ta l......... 176,094,739
Deposits of individuals, partnerships, and
99,941,608
corporations— demand.....................................
Deposits of individuals, partnerships, and
corporations— time............................................
72,973,614
Certified and officers* checks, cash letters of
credit and travelers’ checks outstanding,
3,179,517
and amounts due to Federal Reserve banks.

167,851,931

8,242,808

148,787,977

147,285,730

1,415,204

87,043

27,306,762

20,566,201

6,740,561

98,924,533

1,017,075

99,901,459

98,885,201

930,385

85,873

40,149

39,332

817

65,778,435

7,195,179

45,713,016

45,257,057

454,903

1,056

27,260,598

20,521,378

6,739,220

3,148,963

30,554

3,173,502

3,143,472

29,916

114

Governm ent deposits— to ta l.............................
United States Government— demand..............
United States Government— time.....................
States and subdivisions— demand.....................
States and subdivisions— time............................

18,382,824
5,158,887
352,668
10,351,680
2,519,589

18,072,974
5,090,847
350,392
10,202,458
2,429,277

309,850
68,040
2,276
149,222
90,312

18,358,365
5,155,726
352,583
10,346,808
2,503,248

18,051,430
5,088,649
350,383
10,197,986
2,414,412

306,935
67,077
2,200
148,822
88,836

Interbank and postal savings deposits—
to ta l......................................................................
Banks in the United States— demand.............
Banks in the United States— time....................
Banks in foreign countries— demand...............
Banks in foreign countries— time......................
Postal savings.........................................................

15,293,595
11,918,203
354,079
1,579,931
1,409,305
32,077

14,839,370
11,808,666
63,390
1,535,162
1,400,718
31,434

454,225
109,537
290,689
44,769
8,587
643

15,291,037
11,917,843
351,881
1,579,931
1,409,305
32,077

14,836,893
11,808,306
61,273
1,535,162
1,400,718
31,434

453,849
109,243
290,608
44,768
8,587
643

295
294

Total deposits..................................................
Demand............................................................
Time..................................................................

209,771,158
132,129,826
77,61*1,332

200,764,275
130,710,629
70,053,61*6

9,006,883
1,419,197
7,587,686

182,437,379
132,075,269
50,362,110

180, 174,053
130,658,776
49,515,277

2, 175,988
1,330,211
845,777

Miscellaneous liabilities— to ta l........................
Rediscounts and other borrowed money.........
All other miscellaneous liabilities......................

3, 154,662
156,226
2,998,436

2,990,302
138,166
2,852,136

164,360
18,060
146,300

2,863,465
155,726
2,707,739

2,784,366
137,666
2,646,700

66,084
15,051
51,033

T otal liabilities (excluding capital
accounts).......................................................

212,925,820

203,754,577

9, 171,243

185,300,844

182,958,419

Capital accounts— to ta l.......................................
Preferred capital....................................................
Common stock........................................................
Surplus......................................................................
Undivided profits and reserves..........................

17,759,927
70,264
4,528,154
9,055,703
4,105,806

16,572,334
48,891
4,408,378
8,451,182
3,663,883

1, 187,593
21,373
119,776
604,521
441,923

15,003,005
70,264
4,528,154
7,114,952
3,289,635

14,607,415
48,891
4,408,378
6,976,016
3,174,130

Number of banks*..........................................................

14,350

13,505

845

13,821

13,287

T otal liabilities and capital a c c o u n ts...............

230,685,747

87,338
86,282
1,056

27,333,779
54,557
27,279,222

20,590,222
51,853
20,538,369

6,743,557
2,704
6,740,853

13,015
3,009
10,006

291,197
500
290,697

205,936
500
205,436

85.261

2,242,072

100,353

27,624,976

20,796,158

6,828,818

288,157
21,373
80,965
99,890
85,929

107,433

1,964,919
(2
)

792,003

38,811
39,046
29,576

2,756,922
(2
)
1,940,751
816,171

1,475,166
489,753

465,585
326,418

473

61

529

218

311

81

1

85.261

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.
* Not reported separately. Included with “ Undivided profits and reserves.*’
3 Includes 17 noninsured banks of deposit for which asset and liability data are not available.
Back figures: See the Annual Report for 1954, pp. 122-123, and earlier reports.




BANKS

81

OPERATING

2,477
360
2,117

O
F

2,558
360
2,198

LIABILITIES

524
2,915
963
76
400
1,476

AND

5,491
21,544
2,198
9
4,472
14,865

ASSETS

6,015
24,459
3,161
85
4,872
16,341

Table 105.

A ssets

and

L ia b il it ie s

of

O p e r a t in g B a n k s

banks

grouped

in t h e

a c c o r d in g

to

U n it e d S t a t e s ( C o n t i n e n t a l U . S.
in s u r a n c e

statu s

and

type

of

and

O t h e r A r e a s ), D

ecem ber

31, 1955

bank

14
2

(Amounts in thousands of dollars)
Commercial and stock savings banks and
nondeposit trust companies

All banks

Mutual savings banks

Noninsured
Asset, liability, or capital account item
Total

243, 105,011

Non­
insured

180,270

31,274,112

23,458,080

7,816,032

416,689
52,806

37,188
1,865
31,595
143
1,638
1,947

785.480
100,670
1,309
432.481
220,871

179,921
33,944

311,631
7,819
2,948
41,485

965,401
134,614
1,309
562,367
224,363

Banks
of
deposit

232,602,859 10,502,152

211,830,899

209, 144,779

2,505,850

633,798
88,615

46,559,853
2,683,954
18,721,112
11,732,460
45,208
98,017
13,279,102

Nondeposit
trust
com­
panies1

47,979,131
2,873,239
18,722,421
12,638,053
277,533
102,603
13,365,282

47,345,333
2,784,624
18,722,421
12,164,941
266,079
98,017
13,309,251

473,112
11,454
4,586
56,031

47,013,730
2,738,625
18,721,112
12,075,686
53,170
102,603
13,322,534

42,748

30,149

12,599

Securities— to ta l.....................................................
U . S. Gov’ t, obligations (incl. guaranteed). ..
Obligations of States and subdivisions............
Other bonds, notes, and debentures.................
Corporate stocks....................................................

91,063,728
70,309,691
13,395,431
6,234,204
1,124,402

86,008,652
66,734,713
13,034,895
5,517,344
721,700

5,055,076
3,574,978
360,536
716,860
402,702

78,621,769
61,850,177
12,758,672
3,543,900
469,020

77,240,419
60,876,637
12,500,910
3,441,695
421,177

1,282,902
924,601
231,603
98,403
28,295

98,448
48,939
26,159
3,802
19,548

12,441,959
8,459,514
636,759
2,690,304
655,382

8,768,233
5,858,076
533,985
2,075,649
300,523

3,673,726
2,601,438
102,774
614,655
354,859

Loans and discounts, net— to ta l..................... 100,575,185
1,483,585
Valuation reserves......................................................
Loans and discounts, gross— to ta l................. 102,058,770
33,455,594
Commercial and industrial loans.......................
Loans to farmers directly guaranteed by the
1,168,606
Commodity Credit Corporation................
3,326,487
Other loans to farmers (excl. real estate). .
3,263,182
Loans to brokers and dealers in securities..
1,815,412
Other loans for carrying securities................
38,460,919
Real estate loans— total..................................
1,355,467
Farm land.......................................................
Residential properties:
8,709,494
Insured by F H A ........................................
9,483,106
Insured or guaranteed by V A .................
13,262,400
Not insured or guaranteed by FH A or V A .
5,650,452
Other properties...................................................
17,403,150
Other loans to individuals...................................
574,723
Loans to banks......................................................
2,590,697
All other loans (including overdrafts)..............

95,923,415
1,457,247
97,380,662
33,238,262

4,651,770
26,338
4,678,108
217,332

83, 118,526
1,269,957
84,388,483
33,423,420

82,360,421
1,267,677
83,628,098
33,209,723

732,512
2,234
734,746
212,656

25,593
46
25,639
1,041

17,456,659
213,628
17,670,287
32,174

13,562,994
189,570
13,752,564
28,539

3,893,665
24,058
3,917,723
3,635

1,146,742
3,266,323
3,229,525
1,759,572
34,375,911
1,322,578

21,864
60,164
33,657
55,840
4,085,008
32,889

1,168,606
3,324,755
3,263,182
1,797,385
21,004,261
1,296,991

1,146,742
3,264,723
3,229,525
1,744,381
20,767,275
1,278,753

21,864
59,872
33,657
48,407
219,803
17,293

160

1,732

1,600

132

4,597
17,183
945

18,027
17,456,658
58,476

15,191
13,608,636
43,825

2,836
3,848,022
14,651

8,178,227
8,217,482
11,419,564
5,238,060
17,237,082
572,826
2,554,419

531,267
1,265,624
1,842,836
412,392
166,068
1,897
36,278

4,560,085
3,710,583
7,617,449
3,819,153
17,265,859
574,723
2,566,292

4,506,346
3,670,740
7,538,257
3,773,179
17,159,640
572,826
2,533,263

51,840
36,995
70,600
43,075
104,627
1,897
31,963

1.899
2,848
8.592
2.899
1.592

4,149,409
5,772,523
5,644,951
1,831,299
137,291

3.671.881
4,546,742
3,881,307
1.464.881
77,442

477,528
1,225,781
1,763,644
366,418
59,849

1,066

24,405

21,156

3,249

3,486,967
1,898,262
170,529
1,418,176

3,325,459
1,838,983
155,812
1,330,664

161,508
59,279
14,717
87,512

3,076,874
1,719,244
166,240
1,191,390

2,984,086
1,700,036
154,132
1,129,918

73,747
13,571
4,996
55,180

19,041
5,637
7,112
6,292

410,093
179,018
4,289
226,786

341,373
138,947
1,680
200,746

68,720
40,071
2,609
26,040

Miscellaneous assets— to ta l...............................
Bank premises owned, furniture and fixtures.
Other real estate— direct and indirect.............
All other miscellaneous assets............................




129,886
3,492

CO R P O R A TIO N

Gash, balances with other banks, and cash
collection item s— to ta l................................
Currency and coin.................................................
Reserve with F. R . banks (member banks). .
Demand balances with banks in U . S..............
Other balances with banks in U . S ...................
Balances with banks in foreign countries. . . .
Cash items in process of collection...................

INSURANCE

Insured

Insured

DEPOSIT

Total

Total

Insured

FEDERAL

Total a ssets.........................................................

Non­
insured

T otal liabilities and capital accou n ts...............

243,105,011

232,602,859 10,502,152

211,830,899

209,144,779

2,505,850

180,270

31,274,112

23,458,080

7,816,032

179,317,302

8,483,909

159,642,135

158,104,999

1,470,171

66,965

28,159,076

21,212,303

6,946,773

108,365,703

1,068,759

109,394,215

108,326,298

1,002,317

65,600

40,247

39,405

842

67,058,281

7,385,673

46,330,850

45,890,648

438,865

1,337

28,113,104

21,167,633

6,945,471

28

28,989

16,872,662
3,784,425
341,095
10,340,336
2,406,806

16,570,473
3,726,758
339,003
10,182,708
2,322,004

Interbank and postal savings deposits—
to ta l.....................................................................
Banks in the United States— demand.............
Banks in the United States— time....................
Banks in foreign countries— demand...............
Banks in foreign countries— time......................
Postal savings.......................................................

16,692,728
13,524,819
267,611
1,548,195
1,320,746
31,357

16,315,786
13,397,581
53,439
1,516,423
1,317,629
30,714

376,942
127,238
214,172
31,772
3,117
643

16,690,042
13,524,484
265,260
1,548,195
1,320,746
31,357

16,313,156
13,397,246
51,144
1,516,423
1,317,629
30,714

376,885
127,238
214,116
31,771
3,117
643

T otal deposits..................................................
Demand............................................................
Time..................................................................

221,391,573
11*2,562,881
78,827,692

212,225,648
11*1,090,077
71,135,571

9,165,925
1,1+73,801*
7,692,121

193,204,839
11*2,508,725
50,696,111*

190,988,628
11*1,037,1*86
1*9,951,11*2

2,149,245
1,1*05,610
71*3,635

Miscellaneous liabilities— to ta l........................
Rediscounts and other borrowed money.........
All other miscellaneous liabilities......................

3,503,132
174,195
3,328,937

3,362,435
151,618
3,210,817

140,697
22,577
118,120

3,227,858
170,296
3,057,562

3,147,093
150,318
2,996,775

66,539
16,488
50,051

T otal liabilities (excluding capital
accounts)....................................................... 224,894,705

5,725

5,265

460

24,972
3,683
86
5,166
16,037

22,087
2,780
10
4,806
14,491

2,885
903
76
360
1,546

2,686
335
2,351

2,630
335
2,295

56

66,966
65,629
1,337

28,186,734
55,156
28,131,578

2 f, 237,020
52,591
21,181*,1*29

6,949,714
2,565
6,91*7,11*9

14,226
3,490
10,736

275,274
3,899
271,375

215,342
1,300
214,042

59,932
2,599
57,333

302,189
57,667
2,092
157,628
84,802
1

56

1

9,306,622

196,432,697

194,135,721

2,215,784

81,192

28,462,008

21,452,362

7,009,646

18,210,306
71,497
4,635,473
9,327,118
4,176,218

17,014,776
50,124
4,517,265
8,723,412
3,723,975

1,195,530
21,373
118,208
603,706
452,243

15,398,202
71,497
4,635,473
7,340,925
3,350,307

15,009,058
50,124
4,517,265
7,208,545
3,233,124

290,066
21,373
81,427
97,921
89,345

99,078

2,005,718
(2
)

806,386

36,781
34,459
27,838

2,812,104
(2
)
1,986,193
825,911

1,514,867
490,851

471,326
335,060

Number of banks3...........................................................

14,284

13,457

827

13,756

13,237

460

59

528

220

308

B,

215,588,083

Capital accounts— to ta l.......................................
Preferred capital....................................................
Common stock........................................................
Surplus......................................................................
Undivided profits and reserves..........................

OPERATING

3,888,053

305,074
58,570
2,168
157,988
86,348

O
F

3,917,070

16,592,560
3,729,538
339,013
10,187,514
2,336,495

LIABILITIES

29,477

16,897,634
3,788,108
341,181
10,345,502
2,422,843

AND

3,893,318

Governm ent deposits— to ta l.............................
United States Government— demand..............
United States Government— time.....................
States and subdivisions— demand.....................
States and subdivisions— time...........................

ASSETS

Business and personal deposits— to ta l......... 187,801,211
Deposits of individuals, partnerships, and
corporations— demand..................................... 109,434,462
Deposits of individuals, partnerships, and
74,443,954
corporations— time............................................
Certified and officers’ checks, cash letters of
credit and travelers’ checks outstanding,
3,922,795
and amounts due to Federal Reserve banks.

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.
2 Not reported separately. Included with “ Undivided profits and reserves.”
8 Includes 19 noninsured banks of deposit for which asset and liability data are not available.
Back figures, 1931*-1951*: See the preceding table and the Annual Report for 1954, pp. 124-125, and earlier reports.




to
Ox

Table 106.

A s s e t s a n d L i a b i l i t i e s o f O p e r a t i n g B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , D e c e m b e r 3 1 , 1955
BANKS GROUPED B Y DISTRICT AND STATE

h*

OS

(Amounts in thousands of dollars)
Assets

Deposits
Cash and
due from
banks

U . S. Gov­
ernment
obligations

Other
securities

Loans, dis­
counts, and
overdrafts

Miscel­
laneous
assets

Total
Business
and
personal2

Govern­
ment3

Inter­
bank4

Miscel­
laneous
liabilities

Total
capital
accounts

DEPOSIT

Num­
ber of
banks1

FEDERAL

FDIC District
and State

Liabilities and capital accounts

T otal United S ta te s ...

14,284

47,979,131

70,309,691

20,754,037 100,575,185

3,486,967

243,105,011

187,801,211

16,897,634

16,692,728

3,503,132

18,210,306

C ontinental U . S___

14,242

47,801,990

70,050,239

20,670,260 100,054,919

3,425,488

242,002,896

187,088,256

16,671,020

16,676,309

3,455,202

18,112,109

259,452

83,777

520,266

61,479

1,102,115

712,955

226,614

16,419

47,930

98,197

823
1,003
1,451
1,043
1,079
1,502
1,454
1,586
1,119
1,624
1,172
428

2,344,191
12,520,321
5,033,462
2,561,530
2,288,682
3,112,332
3,306,326
4,193,100
1,146,499
2,093,895
4,321,762
5,057,031

5,651,196
16,897,668
7,967,343
3,826,995
2,660,720
3,419,831
6,418,805
6,904,705
1,977,546
2,617,445
3,811,662
8,155,775

1,862,933
6,008,060
2,800,953
977,993
760,168
854,294
1,259,290
1,755,245
550,463
695,283
951,659
2,277,696

8,571,300
33,649,068
10,477,807
4,474,773
3,194,100
4,551,930
5,795,864
6,744,496
2,363,292
2,888,936
5,602,881
12,260,738

227,551
1,263,518
352,933
195,606
129,367
122,002
181,058
140,216
57,875
70,794
274,041
472,006

18,657,171
70,338,635
26,632,498
12,036,897
9,033,037
12,060,389
16,961,343
19,737,762
6,095,675
8,366,353
14,962,005
28,223,246

15,454,491
53,943,722
21,572,945
9,158,545
6,542,210
8,655,067
13,820,230
15,254,926
4,602,916
6,055,828
10,315,010
22,425,321

731,516
2,871,676
1,449,417
1,064,309
1,037,610
977,526
1,407,420
1,426,060
606,759
1,018,415
1,752,810
2,554,116

558,349
6,173,010
1,123,086
775,683
745,818
1,467,834
521,965
1,551,226
401,015
616,126
1,781,719
976,897

204,819
1,573,723
302,212
132,960
86,612
96,604
152,387
145,547
52,267
66,046
139,494
550,461

1,707,996
5,776,504
2,184,838
905,400
620,787
863,358
1,059,341
1,360,003
432,718
609,938
972,972
1,716,451

State
Alabama........................
Arizona..........................
Arkansas........................
California......................
Colorado........................

237
11
233
149
165

452,600
147,506
299,116
3,689,338
415,497

523,987
215,436
313,392
5,994,400
554,459

194,636
68,676
116,495
1,668,333
79,273

634,727
370,079
395,501
9,140,388
669,266

21,678
23,845
10,068
336,789
14,026

1,827,628
825,542
1,134,572
20,829,248
1,732,521

1,374,652
635,954
866,882
16,610,967
1,345,562

201,247
105,002
103,481
1,725,551
137,110

105,655
13,459
74,304
791,589
115,850

13,783
13,785
3,987
473,332
15,005

132,291
57,342
85,918
1,227,809
118,994

Connecticut..................
Delaware.......................
District of Columbia..
Florida............................
Georgia..........................

169
32
17
238
407

560,566
101,314
343,585
899,187
667,229

1,381,979
271,296
473,525
1,218,256
627,410

570,850
113,576
69,927
258,146
156,927

1,866,769
319,454
579,680
1,116,512
1,067,649

61,258
10,118
26,461
58,284
37,391

4,441,422
815,758
1,493,178
3,550,385
2,556,606

3,831,142
675,871
1,237,662
2,527,134
1,831,063

134,983
45,960
45,127
441,242
256,795

55,760
5,973
93,561
326,147
244,696

40,186
6,960
15,234
35,092
32,925

379,351
80,994
101,594
220,770
191,127

Idaho..............................
Illinois............................
Indiana...........................
Iowa................................
Kansas............................

36
919
477
667
601

99,450
3,632,135
956,736
560,965
503,876

201,911
5,975,066
1,827,002
929,639
706,904

28,708
1,498,980
272,544
256,265
247,029

240,988
5,594,424
1,431,692
1,150,072
722,781

6,683
120,045
43,059
20,171
14,871

577,740
16,820,650
4,531,033
2,917,112
2,195,461

451,137
13,020,716
3,594,467
2,234,210
1,498,735

84,304
1,117,965
489,283
308,095
423,816

7,079
1,411,204
127,996
140,022
105,766

2,622
138,495
34,552
7,052
8,123

32,598
1,132,270
284,735
227,733
159,021




C O R PO R AT IO N

177,141

INSURANCE

42

FDIC District
District 1 .......................
District 26......................
District 3 . . . . ...............
District 4 .......................
District 5 .......................
District 6 .......................
District 7 .......................
District 8 .......................
District 9 .......................
District 10 .....................
District 11.....................
District 126...................

Other areas.

367
175
91
160
366

568,059
745,634
127,355
479,331
1,357,259

715,379
906,056
334,747
1,012,989
3,180,623

107,417
233,757
122,189
248,244
898,378

779,751
846,844
392,440
1,004,467
5,013,319

17,193
35,586
11,905
64,316
123,019

2,187,799
2,767,877
988,636
2,809,347
10,572,598

1,642,349
1,762,290
825,186
2,255,417
8,544,776

169,600
518,631
46,171
210,523
444,519

194,828
291,073
11,636
104,655
460,803

15,538
37,140
7,347
22,790
131,695

165,484
158,743
98,296
215,962
990,805

Michigan.......................
Minnesota.....................
Mississippi....................
Missouri.........................
Montana........................

420
681
197
603
113

1,621,204
788,932
269,666
1,480,998
153,053

3,104,312
1,179,759
291,067
1,665,227
260,214

661,211
380,233
150,459
433,375
60,081

2,926,943
1,652,157
375,212
2,235,871
265,522

97,494
38,357
12,014
56,411
8,368

8,411,164
4,039,438
1,098,418
5,871,882
747,238

6,872,086
3,049,395
809,361
4,150,401
586,161

690,889
305,456
138,326
456,541
86,508

245,075
349,623
69,320
804,053
29,034

100,288
38,187
4,812
49,776
6,125

502,826
296,777
76,599
411,111
39,410

Nebraska.. : .................
Nevada..........................
New Hampshire..........
New Jersey...................

420
6
110
320
51

376,435
49,360
88,049
1,112,092
156,567

547,914
118,249
258,681
2,342,973
184,548

135,232
18,868
85,530
956,770
19,816

567,507
120,874
404,707
2,917,214
190,850

12,721
6,019
7,997
107,219
7,043

1,639,809
313,370
844,964
7,436,268
558,824

1,201,699
238,073
704,441
6,268,501
385,862

144,943
50,832
29,458
491,304
124,143

152,442
1,720
12,882
89,827
16,862

16,873
3,785
7,861
64,678
2,852

123,852
18,960
90,322
521,958
29,105

New York.....................
North Carolina. . : . .
North Dakota..............
Ohio................................
Oklahoma......................

638
220
154
626
385

11,251,735
626,144
94,124
2,190,014
708,485

14,213,583
700,680
284,758
3,777,772
671,592

4,897,703
294,636
70,935
837,417
212,525

30,154,279
1,030,337
215,720
4,090,056
820,902

1,125,313
36,268
5,448
125,626
25,876

61,642,613
2,688,065
670,985
11,020,885
2,439,380

46,750,676
1,865,692
468,072
8,971,865
1,743,987

2,239,004
284,551
135,885
833,361
259,054

6,068,384
295,795
11,337
395,204
228,102

1,460,251
49,764
4,429
94,863
24,254

5,124,298
192,263
51,262
725,592
183,983

AND

Oregon. : ........................
Pennsylvania................
Rhode Island................
South Carolina............
South Dakota...............

50
825
18
149
171

329,797
2,843,448
156,965
227,957
110,390

633,193
4,189,571
377,996
296,041
252,815

191,837
1,963,536
154,504
87,242
39,214

834,559
6,387,751
637,837
305,458
229,893

31,411
227,307
17,813
10,188
5,702

2,020,797
15,611,613
1,345,115
926,886
638,014

1,594,143
12,601,080
1,153,560
696,227
499,288

229,113
616,056
55,870
127,309
78,910

32,410
727,882
15,045
29,593
11,021

27,058
207,349
14,255
6,727
3,526

138,073
1,459,246
106,385
67,030
45,269

Tennessee......................
Texas..............................
U tah................................

299
935
51
69
316

764,159
3,272,055
191,848
53,997
620,177

725,833
2,505,622
274,923
117,170
874,581

197,007
629,410
48,412
31,482
204,238

1,140,807
4,195,108
355,274
256,228
1,161,303

38,330
207,567
10,752
5,559
43,859

2,866,136
10,809,762
881,209
464,436
2,904,158

1,995,435
7,530,904
644,999
395,386
2,180,644

247,904
1,005,034
122,642
20,515
280,262

394,649
1,460,325
53,340
2,223
200,143

27,303
85,717
7,796
3,475
27,774

200,845
727,782
52,432
42,837
215,335

LIABILITIES

107
181
557
53

575,277
264,336
728,386
89,602

743,463
469,179
1,487,491
136,576

277,772
73,706
325,535
21,224

1,306,510
393,528
1,437,229
108,480

39,741
14,514
40,505
3,300

2,942,763
1,215,263
4,019,146
359,182

2,421,721
922,903
3,353,677
265,845

210,468
116,537
227,248
53,492

83,166
51,936
148,894
13,966

29,772
10,671
17,547
1,791

197,636
113,216
271,780
24,088

18
1
10

29,797
509
85,520
1,350
4,785
53,288
1,892

69,725
963
117,213

12,654
31,112

160,801
1,618
450,793
24,021
20,886
430,203
13,793

99,381
718
343,052
11,135
9,995
240,604
8,070

50,354
661
56,991
12,397
10,803
90,712
4,696

578
16
5,009
489
4
41,671
163

8,698
173
40,072

40,003
8

2,693
13
10,348
14,318
13,239
20,709
159

1,790
50
5,669

1,735
63,013
6,803

45,932
133
206,600
8,353
1,127
253,190
4,931

Wyoming.......................
Other area

10
3

84
8,822
4

48,394
860

1 Includes 19 noninsured banks of deposit (1 in Colorado, 12 in Georgia, 2 in Iowa, and 4 in Texas) for which asset, liability, and capital account data are not available.
2 Demand and time deposits of individuals, partnerships, and corporations, certified and officers’ checks, cash letters of credit, etc.
* Deposits of the United States Government and of States and subdivisions.
4 Interbank deposits and postal savings deposits.
6 Includes Puerto Rico and the Virgin Islands.
8 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.
7 Includes asset and liability data for the following branches of insured banks in continental United States: 3 noninsured branches in the Mariana Islands (2 in Guam and 1 in
Saipan); 4 noninsured branches in the Panama Canal Zone; and 9 insured branches in Puerto Rico. Data for these branches are not included in the figures for the States in which the
parent banks are located.
Back figures, 191*5-1951*: See the Annual Report for 1954, pp. 126-127, and earlier reports.




BANKS

American Samoa.........
Hawaii...........................
Mariana Islands7.........
Panama Canal Zone7
Puerto Rico7.................
Virgin Islands. . : .........

OPERATING

Washington. : : : ...........
West Virginia...............

O
F

Virginia..........................

ASSETS

Kentucky......................
Louisiana.......................
Maine.............................
Maryland......................
Massachusetts..............

Table 107.

A

ssets

and

L ia b il it ie s

of

D

O p e r a t i n g I n s u r e d B a n k s i n t h e U n i t e d S t a t e s (C o n t i n e n t a l U . S.
31, 1955, J u n e 30, 1955, a n d D e c e m b e r 31, 1954
(Amounts in thousands of dollars)

and

O t h e r A r e a s ),

to

00

ecem ber

Insured commercial banks1

All insured banks

Insured mutual savings banks

Assets
June 30,
1955

Dec. 31,
1954

Dec. 31,
1955

June 30,
1955

Dec. 31,
1954

232,602,859

220,326,911

222,569,263

209,144,779

197,565,834

200,588,294

23,458,080

22,761,077

21,980,969

47,345,333
2,784,624
18,722,421

41,573,235
2,771,901
17,942,068

44,067,192
2,570,819
18,734,993

46,559,853
2,683,954
18,721,112

40,764,826
2,682,964
17,940,586

43,235,072
2,471,431
18,733,765

785.480
100,670
1,309

808,409
88,937
1,482

832,120
99,388
1,228

12,164,941
266,079
98,017
13,309,251

10,634,150
331,630
102,498
9,790,988

12,280,362
310,535
118,374
10,052,109

11,732,460
45,208
98,017
13,279,102

10,234,687
39,288
102,498
9,764,803

11,842,267
44,850
118,374
10,024,385

432.481
220,871

399,463
292,342

438,095
265,685

30,149

26,185

27,724

66,734,713

68,451,960

74,237,957

60,876,637

62,453,893

68,120,866

5,858,076

5,998,067

6,117,091

4,212,896
2,322,688
14,072,973
3,696,038
13,107,027
21,488,954
7,208,743
605,712
19,682

3,048,798
1,692,520
16,673,947
3,767,695
10,806,924
23,525,113
8,368,432
545,279
23,252

4,960,450
5,298,918
14,694,348
3,804,641
12,686,271
24,121,214
8,509,786
135,614
26,715

4,112,240
2,295,833
13,878,904
2,493,775
12,908,772
20,529,312
4,364,924
282,548
10,329

3,001,321
1,667,331
16,504,965
2,542,136
10,634,538
22,512,074
5,305,282
270,955
15,291

4,907,080
5,282,353
14,544,500
2,557,883
12,486,186
22,978,695
5,286,088
56,842
21,239

100,656
26,855
194,069
1,202,263
198,255
959,642
2,843,819
323,164
9,353

47,477
25,189
168,982
1,225,559
172,386
1,013,039
3,063,150
274,324
7,961

53,370
16,565
149,848
1,246,758
200,085
1,142,519
3,223,698
78,772
5,476

Other securities— to ta l.............. .....................................
Obligations of States and subdivisions. . : ...................
Other bonds, notes, and debentures.............................
Corporate stocks:
Federal Reserve banks..................................................
Other corporate stocks..................................................

19,273,939
13,034,895
5,517,344

19,549,576
13,135,937
5,728,141

19,082,849
12,896,494
5,549,123

16,363,782
12,500,910
3,441,695

16,497,539
12,582,949
3,501,906

16,020,905
12,387,053
3,241,610

2,910,157
533,985
2,075,649

3,052,037
552,988
2,226,235

3,061,944
509,441
2,307,513

302,678
419,022

295,144
390,354

287,518
349,714

302,608
118,569

295,075
117,609

287,450
104,792

70
300,453

69
272,745

68
244,922

T otal securities........................................................

86,008,652

88,001,536

93,320,806

77,240,419

78,951,432

84,141,771

8,768,233

9,050,104

9,179,035

Total assets................................................................................
Cash, balances with other banks, and cash col­
lection item s— to ta l...................................................
Currency and coin..............................................................
Reserve with Federal Reserve banks (member banks)
Demand balances with banks in the United States
(except private banks and American branches
of foreign banks)............................................................
Other balances with banks in the United States. . . .
Balances with banks in foreign countries....................
Cash items in process of collection................................
Obligations of the U . S. Governm ent, direct and
guaranteed— to ta l......................................................
Direct:
Treasury bills...................................................................
Treasury certificates of indebtedness........................
Treasury notes................................................................
United States non-marketable bonds........................
Other bonds maturing in 5 years or less..................
Other bonds maturing in 5 to 10 years....................
Other bonds maturing in 10 to 20 years..................
Other bonds maturing after 20 years........................
Guaranteed obligations (FHA debentures).................




CO R PO R ATIO N

Dec. 31,
1955

INSURANCE

Dec. 31,
1954

DEPOSIT

June 30,
1955

FEDERAL

Dec. 31,
1955

70,341,295
1,070,973
71,412,268

13,562,994
189,570
13,752,564

12,566,557
181,160
12,747,717

11,651,115
175,411
11,826,526

33,238,262

28,867,731

26,858,847

33,209,723

28,832,535

26,823,376

28,539

35,196

35,471

1,146,742

874,222

2,234,381

1,146,742

874,222

2,234,381

3,266,323
3,229,525

3,465,856
2,834,399

2,894,076
2,906,509

3,264,723
3,229,525

3,464,296
2,834,399

2,892,563
2,906,509

1,600

1,560

1,513

1,759,572
34,375,911
1,822,578

1,594,532
32,325,896
1,287,419

1,505,776
30,047,263
1,181,968

1,744,381
20,767,275
1,278,753

1,591,377
19,713,060
1,248,822

1,502,690
18,347,430
1,139,804

15,191
13,608,636
48,825

3,155
12,612,836
44,097

3,086
11,699,833
42,664

8,178,227
8,217,482
11,419,564
5,288,060
17,237,082
572,826
2,554,419

7,873,870
7,422,402
10,807,048
4,935,157
16,406,554
418,366
2,014,851

7,453,776
6,558,085
10,211,454
4,641,980
14,789,580
239,932
1,762,430

4,506,346
3,670,740
7,538,257
8,778,179
17,159,640
572,826
2,533,263

4,308,937
8,562,413
7,086,127
8,512,261
16,333,245
418,366
1,993,190

4,052,582
8,311,980
6,614,370
3,229,244
14,720,160
239,932
1,745,227

8.671.881
4,546,742
3,881,807
1.464.881
77,442

3,564,983
8,859,989
8,720,921
1,422,896
73,309

3,401,194
8,246,155
3,597,084
1,412,786
69,420

’ * ’ ‘ 21,156 .........21,661

........ 17,203

181,932,067

175,498,688

175,313,216

159,600,840

153,882,027

154,483,066

22,331,227

21,616,661

20,830,150

1,994,795
1,480,921
358,062
37,731

1,881,884
1,393,921
343,295
31,958

1,776,857
1,328,833
322,326
27,393

1,854,168
1,349,122
350,914
36,051

1,744,380
1,265,259
337,019
29,392

1,646,516
1,205,790
316,830
25,591

140,627
131,799
7,148
1,680

137,504
128,662
6,276
2,566

130,341
123,043
5,496
1,802

118,081

112,710

98,305

118,081

112,710

98,305

1,330,664
426,937
487,055
61,016
355,656

1,373,104
440,311
488,062
83,074
361,657

1,411,998
583,099
456,970
55,526
316,403

1,129,918
426,937
394,103
55,739
253,139

1,174,601
440,311
400,404
75,974
257,912

1,223,640
583,099
374,497
50,644
215,400

200,746

198,503

188,358

92,952 .........87,658
5,277
7,100
102,517
103,745

........ 82,473
4,882
101,003

20.4%
28.7
8.3
41.2
1.4
7.3

18.9%
31.0
8.9
39.7
1.5
7.5

19.8%
33.4
8.6
36.8
1.4
7.3

22.3%
29.1
7.8
39.4
1.4
7.2

20.6%
31.6
8.4
37.9
1.5
7.4

21.5%
34.0
8.0
35.1
1.4
7.1

3 .3 %
25.0
12.4
57.8
1.5
8.6

RATIOS
Percentages of total assets:
Cash and balances with other banks............................
U . S. Government obligations, direct and guaranteed
Other securities...................................................................
Loans and discounts..........................................................
Other assets.........................................................................
Total capital accounts......................................................

3.8%
27.8
13.9
53.0
1.5
8.7

129




3.5%
26.4
13.4
55.2
1.5
8.6

BANKS

74,930,595
1,124,095
76,054,690

OPERATING

82,360,421
1,267,677
83,628,098

O
F

Miscellaneous assets— to ta l...........................................
Customers’ liability on acceptances outstanding. . . .
Income accrued but not collected..................................
Prepaid expenses.................................................................
Other assets.........................................................................

81,992,410
1,246,384
83,238,794

LIABILITIES

Bank premises, furniture and fixtures, and other
real estate— to ta l........................................................
Bank premises.....................................................................
Furniture and fixtures........................... ...........................
Real estate owned other than bank premises.............
Investments and other assets indirectly representing
bank premises or other real estate............................

87,497,152
1,305,255
88,802,407

AND

T otal loans and securities..................................

95,923,415
1,457,247
97,380,662

ASSETS

Loans and discounts, net— to ta l..................................
Valuation reserves..................................................................
Loans and discounts, gross— to ta l..............................
Commercial and industrial loans (including open
market paper).................................................................
Loans to farmers directly guaranteed by the Com­
modity Credit Corporation.........................................
Other loans to farmers (excluding loans on real
estate) ...............................................................................
Loans to brokers and dealers in securities...................
Other loans for the purpose of purchasing or carrying
securities...........................................................................
Real estate loans— total...................................................
Farm land.........................................................................
Residential properties:
Insured by F H A .........................................................
Insured or guaranteed by V A ..................................
Not insured or guaranteed by FH A or V A ...........
Other properties................................................................
Other loans to individuals................................................
Loans to banks....................................................................
All other loans (including overdrafts)..........................

Table 107.

A s s e t s a n d L i a b i l i t i e s o f O p e r a t i n g I n s u r e d B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S . a n d O t h e r A r e a s ) ,
D e c e m b e r 31, 1955, J u n e 30, 1955, a n d D e c e m b e r 31, 1954— Continued
(Amounts in thousands of dollars)
All insured banks

Insured commercial banks1

Insured mutual savings banks

Liabilities and capital
June 30,
1955

Dec. 31,
1954

Dec. 31,
1955

June 30,
1955

Dec. 31,
1954

232,602,859

220,326,911

222,569,263

209,144,779

197,565,834

200,588,294

23,458,080

22,761,077

21,980,969

Business and personal deposits— to ta l...................... 179,317,302
Deposits of individuals, partnerships, and cor­
porations— demand........................................................ 108,365,703
Deposits of individuals, partnerships, and cor­
porations— time..............................................................
67,058,281
Certified and officers' checks, cash letters of credit
and travelers’ checks outstanding, and amounts
due to Federal Reserve banks.....................................
3,893,318

167,851,931

170,037,691

158,104,999

147,285,730

150,177,045

21,212,303

20,566,201

19,860,646

98,924,533

102,755,402

108,326,298

98,885,201

102,715,265

39,405

39,332

40,137

65,778,435

64,091,963

45,890,648

45,257,057

44,276,220

21,167,633

20,521,378

19,815,743

3,148,963

3,190,326

3,888,053

3,143,472

3,185,560

5,265

5,491

4,766

Governm ent deposits— to ta l. . ; ...........; .......................
United States Government— demand...........................
United States Government— time..................................
States and subdivisions— demand..................................
States and subdivisions— time........................................

16,592,560
3,729,538
339,013
10,187,514
2,336,495

18,072,974
5,090,847
350,392
10,202,458
2,429,277

16,739,173
4,181,378
347,195
9,811,119
2,399,481

16,570,473
3,726,758
339,003
10,182,708
2,322,004

18,051,430
5,088,649
350,383
10,197,986
2,414,412

16,717,221
4,178,286
347,184
9,807,800
2,383,951

22,087
2,780
10
4,806
14,491

21,544
2,198
9
4,472
14,865

21,952
3,092
11
3,319
15,530

Interbank and postal savings deposits— to ta l. . . .
Banks in the United States— demand..........................
Banks in the United States— time.................................
Banks in foreign countries— demand............................
Banks in foreign countries— time...................................
Postal savings.. ; ................................................................

16,315,786
13,397,581
53,439
1,516,423
1,317,629
30,714

14,839,370
11,808,666
63,390
1,535,162
1,400,718
31,434

16,417,667
13,398,448
77,024
1,497,722
1,412,924
31,549

16,313,156
13,397,246
51,144
1,516,423
1,317,629
30,714

14,836,893
11,808,306
61,273
1,535,162
1,400,718
31,434

16,414,957
13,398,097
74,665
1,497,722
1,412,924
31,549

2,630
335
2,295

2,477
360
2,117

2,710
351
2,359

T otal deposits...............................................................
Demand.........................................................................
Time...............................................................................

212,225,648
1 U ,090,077
71,135,571

200,764,275
130,710,629
70,053,6^6

203,194,531
13^,83^,395
68,360,136

190,988,628
1U1,037,U86
U9,951,11*2

180,174,053
130,658,776
1*9,515,277

183,309,223
13^,782,730
J
+8,526,1*93

21,237,020
52,591
21,18U,h29

20,590,222
51,853
20,538,369

19,885,308
51,665
19,833,61+3

Miscellaneous liabilities— to ta l.....................................
Bills payable, rediscounts, and other liabilities for
borrowed money.............................................................
Acceptances outstanding..................................................
Dividends declared but not yet payable......................
Income collected but not earned....................................
Expenses accrued and unpaid.........................................
Other liabilities....................................................................

3,362,435

2,990,302

3,176,449

3,147,093

2,784,366

3,000,402

215,342

205,936

176,047

151,618
456,058
104,954
781,944
796,940
1,070,921

138,166
461,609
93,473
684,317
629,056
983,681

22,937
611,820
94,891
589,287
967,362
890,152

150,318
456,058
94,243
766,686
787,582
892,206

137,666
461,609
73,421
671,845
614,622
825,203

22,887
611,820
90,344
576,723
955,679
742,949

1,300

500

50

10,711
15,258
9,358
178,715

20,052
12,472
14,434
158,478

4,547
12,564
11,683
147,203

T otal liabilities (excluding capital accounts).

215,588,083

203,754,577

206,370,980

194,135,721

182,958,419

186,309,625

21,452,362

20,796,158

20,061,355

T otal liabilities and capital accou n ts............................




CO R PO R ATIO N

Dec. 31,
1955

INSURANCE

Dec. 31,
1954

DEPOSIT

June 30,
1955

FEDERAL

Dec. 31,
1955

17,014,776
4,567,389
8,723,412
3,143,900
580,075

16,572,334
4,457,269
8,451,182
3,098,021
565,862

16,198,283
4,286,916
8,299,672
3,019,315
592,380

15,009,058
4,567,389
7,208,545
2,776,533
456,591

14,607,415
4,457,269
6,976,016
2,724,922
449,208

14,278,669
4,286,916
6,856,548
2,653,218
481,987

Pledged assets and securities loaned.........................

21,972,415

22,411,309

21,622,201

21,972,415

22,411,309

Capital stock, notes, and debentures:
Par or face value— to ta l...............................................
Common s t o c k ..............................................................
Capital notes and debentures.....................................
Preferred stock
............................ ..........................

4,570,999
4,517,665
33,001
20,333

4,461,019
4,408,878
27,929
24,212

4,291,136
4,238,667
28,105
24,364

4,567,789
4,517,665
29,791
20,333

4,457,769
4,408,878
24,679
24,212

4,287,416
4,238,667
24,385
24,364

Retirable value of preferred stock.................................

30,884

46,440

49,181

30,884

46,440

13,457

13,505

13,541

13,237

13,287

13,323

1,964,919
(2
)
1,475,166
373,099
116,654

49,181

Number of banks.......................................................................

2,005,718
(2
)
1,514,867
367,367
123,484

21,622,201

Capital accounts— to ta l...................................................
Capital stock, notes, and debentures...........................
Undivided profits................................................................

1,919,614
(2
)
1,443,124
366,097
110,393

M EM OR AND A

3,720

220

218

218

LIABILITIES

3,720

3,250

AND
O
F
OPERATING
BANKS




3,250

ASSETS

1 Includes stock savings banks.
2 Not reported separately. Included with “ Reserves.”
Back figures, 193U-195U: See the Annual Report for 1954, pp. 128-131, and earlier reports.

3,210
3,210

00

E a r n in g s , E x p e n s e s , a n d

D iv id e n d s

of

Insured

B anks

Table 108.

Earnings, expenses, and dividends of insured commercial banks in the United States
(continental U. S. and other areas), 1947-1955

Table 109.

Ratios of earnings, expenses, and dividends of insured commercial banks in the
United States (continental U. S. and other areas), 1947-1955

Table 110.

Earnings, expenses, and dividends of insured commercial banks in the United States
(continental U. S. and other areas), 1955
By class of bank

Table 111.

Ratios of earnings, expenses, and dividends of insured commercial banks in the
United States (continental U. S. and other areas), 1955
By class of bank

Table 112.

Earnings, expenses, and dividends of insured commercial banks operating through­
out 1955 in the United States (continental U. S. and other areas)
Banks grouped according to amount of deposits

Table 113.

Ratios of earnings, expenses, and dividends of insured commercial banks operating
throughout 1955 in the United States (continental U. S. and other areas)
Banks grouped according to amount of deposits

Table 114.

Earnings, expenses, and dividends of insured commercial banks in the United States
(continental U. S. and other areas), by State, 1955

Table 115.

Income, expenses, and dividends of insured mutual savings banks, 1951-1955

Table 116.

Ratios of income, expenses, and dividends of insured mutual savings banks, 1951-1955




Commercial banks
Reports of earnings, expenses, and dividends are submitted to the
Federal supervisory agencies on either a cash or an accrual basis.
Earnings data are included for all insured banks operating at the end
of the respective years, unless indicated otherwise. In addition, appro­
priate adjustments have been made for banks in operation during part
of the year but not at the end of the year. Data for 9 insured branches
in Puerto Rico of insured banks in New York are not available.
The uniform report of earnings and dividends for commercial banks
was revised in 1948 to show separately for the first time charge-offs and
transfers to valuation reserves as well as recoveries and transfers from
valuation reserves. Also, the actual recoveries and losses that are credited
and charged to valuation reserves were reported as memoranda items.
Averages of assets and liabilities shown in Tables 108-111 and 114 are
based upon figures at the beginning, middle, and end of each year, as
reported by banks operating on those dates, adjusted to exclude asset
and liability figures for insured branches in Puerto Rico of insured
banks in New York. Consequently, the asset and liability averages
are not strictly comparable with the earnings data, but the differences
are not large enough to affect the totals significantly. Some further
in comparability is also introduced into the data by class of bank by
shifts between those classes during the year.
Assets and liabilities shown in Table 112, and utilized for computation




of ratios shown in Table 113, are for the identical banks to which the
earnings data pertain. The assets and liabilities are as of December 31,
1955.
Mutual savings banks
A uniform report of income, expenses, and dividends for mutual sav­
ings banks was adopted by the Corporation for the calendar year 1951.
Summaries of these reports for 1951-1955 are given in Tables 115 and
116. Data prior to 1951 are omitted because of lack of comparability.
The new form attempts to present operations on a basis accurately
reflecting actual income and profit and loss, and provides more detailed
information regarding losses and valuation adjustments. For a discussion
of the history and principles of this uniform report see pp. 50-52 in
Part Two of the 1951 Annual Report.
Sources of data
National banks, and State banks not members of the Federal Reserve
System in the District of Columbia: Office of the Comptroller of the
Currency.
State banks members of the Federal Reserve System: Board of
Governors of the Federal Reserve System.
Other insured banks: Federal Deposit Insurance Corporation.

Table 108.

E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s in t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , 1947-1955
(Amounts in thousands of dollars)

Earnings or expense item

1947

1948

1949

1950

1951

1952

1953

^

1954

1955

3,097,670
1,079,535
179,408
1,263,788
18,386
147,761

3,403,586
1,008,138
189,559
1,577,633
22,315
173,791

3,606,879
1,013,515
201,691
1,733,690
26,090
194,013

3,930,696
1,015,456
225,425
1,976,100
31,724
212,272

4,395,411
983,662
249,495
2,390,106
34,595
230,507

4,931,688
1,099,059
276,993
2,742,100
42,295
244,696

5,483,954
1,206,965
297,739
3,107,885
47,850
271,444

5,773,787
1,272,731
324,823
3,205,894
57,550
311,806

6,377,705
1,333,690
351,041
3,625,528
71,048
339,975

FEDERAL

97,264
144,734
166,794

97,456
156,678
178,016

95,420
160,430
182,030

104,602
180,674
184,445

116,140
192,313
198,593

121,868
204,967
199,713

132,978
217,996
201,101

144,140
246,223
210,621

155,004
281,841
219,579

Current operating expenses— to ta l...........................
Salaries— officers...............................................................
Salaries and wages— employees....................................
Fees paid to directors and members of executive,
discount, and other committees...............................
Interest on time and savings deposits........................
Interest and discount on borrowed money...............
Taxes other than on net income...................................
Recurring depreciation on banking house, furniture
and fixtures....................................................................
Other current operating expenses................................

1,981,787
344,845
602,266

2,163,514
381,756
662,696

2,283,727
410,685
700,065

2,444,534
446,043
755,681

2,701,313
486,300
864,519

3,028,575
530,035
965,197

3,375,552
582,405
1,069,890

3,638,087
622,862
1,139,013

3,960,173
666,152
1,229,756

DEPOSIT

18,954
298,274
2,656
103,516

20,859
316,570
3,432
106,163

22,608
328,010
3,582
113,569

24,745
343,040
4,296
128,101

27,343
385,344
9,667
135,590

30,871
458,059
20,921
139,290

34,591
534,493
24,171
148,783

37,197
618,341
8,556
166,452

39,563
678,237
23,093
176,840

42,276
569,000

48,271
623,767

53,988
651,219

59,469
683,159

65,845
726,707

74,953
809,252

84,085
897,137

94,720
950,945

108,306
1,038,228

N et current operating earnings..................................

1,115,883

1,240,072

1,323,153

1,486,164

1,694,100

1,903,112

2,108,398

2,135,700

2,417,533

Losses, charge-offs, and transfers to reserve
accounts— to ta l.........................................................
On securities:
Losses and charge-offs................................................ }
Transfers to reserve accounts...................................
On loans:
Losses and charge-offs................................................ }
Transfers to reserve accounts...................................
DigitizedAll other..............................................................................
for FRASER



266,439

213,187

245,461

169,233

144,146

152,373

631,496

239,598

f
\

29,221
24,161
60,025

16,412
26,672
73,196

14,718
38,639
90,469

15,292
12,285
56,563

11,191
20,492
33,806

11,454
27,545
38,865

14,912
60,555
416,520

20,586
39,930
57,085

f
\

39,748
48,934
64,350

23,142
28,220
45,546

28,506
29,971
43,157

22,595
28,453
34,046

22,004
27,330
29,324

28,423
18,292
27,794

34,014
57,965
47,530

27,379
50,899
43,722

262,042
45,360
100,189
67,687
48,806

485,753

379,824

366,932

395,687

362,444

448,323

552,606

707,155

118,498

f
\

78,590
40,941

38,671
33,044

38,721
54,518

83,756
31,680

97,512
29,531

155,969
54,160

66,670
126,173

221,232
67,276

120,370
55,418

(
\

32,393
278,666
55,163

29,064
221,167
57,878

23,030
191,248
59,414

21,215
204,202
54,836

23,637
154,510
57,253

31,774
132,127
74,291

29,269
222,998
107,497

28,159
303,600
86,886

294,286

CO R PO R ATIO N

Recoveries, transfers from reserve accounts,
and profits— to ta l.....................................................
On securities:
Recoveries...................................................................... |
Transfers from reserve accounts..............................
Profits on securities sold or redeemed....................
On loans:
Recoveries...................................................................... J
Transfers from reserve accounts..............................
All other..............................................................................

INSURANCE

Current operating earnings— to ta l...........................
Interest on U . S. Government obligations................
Interest and dividends on other securities................
Interest and discount on loans.....................................
Service charges and fees on bank’s loans...................
Service charges on deposit accounts............................
Other service charges, commissions, fees, and
collection and exchange charges...............................
Trust department.............................................................
Other current operating earnings.................................

1,083,639

1,020,758

1,156,514

1,364,690

1,467,645

1,684,813

1,812,451

2,214,591

1,949,976

302,242
283,046
19,196

275,422
258,490
16,932

325,148
304,572
20,576

427,776
402,582
25,194

559,475
530,810
28,664

694,883
662,277
32,606

786,490
750,796
35,693

907,560
862,065
45,495

793,737
753,883
39,855

N et profits after incom e taxes.....................................

781,397

745,336

831,364

936,915

908,175

989,931

1,025,963

1,307,032

1,156,240

Dividends and interest on capital— to ta l..............
Dividends declared on preferred stock and interest
on capital notes and debentures..............................
Cash dividends declared on common stock..............

315,215

331,833

354,144

391,249

418,860

441,971

473,866

516,977

566,124

5,981
309,234

5,230
326,603

5,093
349,052

4,333
386,916

3,876
414,984

3,675
438,298

2,979
470,888

2,912
514,066

2,581
563,543

N et additions to capital from profits......................

466,182

413,503

477,220

545,666

489,315

547,961

552,097

790,055

590,118

M em oranda
Recoveries credited to reserve accounts (not included
in recoveries above):
On securities.......................................................................
On loans..............................................................................
Losses charged to reserve accounts (not included in
losses above):
On securities.......................................................................
On loans..............................................................................

0)
0)

7,224
10,844

2,600
19,645

3,565
223,507

2,363
28,477

4,355
31,508

2,232
33,612

3,154
40,384

3,146
39,794

0)
(x
)

18,031
46,487

6,104
72,978

6,324
257,733

17,725
64,735

25,598
64,607

38,480
89,186

15,841
89,495

68,140
88,417

AND

148,170,261
34,279,792
70,229,835
8,315,081
33,863,334
1,482,219

150,726,513
36,247,026
64,291,298
8,872,676
39,650,962
1,664,551

151,566,078
35,683,829
63,080,739
9,387,984
41,670,879
1,742,647

158,986,894
36,006,423
63,846,830
11,043,342
46,250,272
1,840,027

169,207,394
40,373,273
59,711,922
12,554,632
54,533,221
2,034,346

179,803,463
42,952,808
61,065,059
13,562,462
59,999,743
2,223,391

185,685,283
43,192,523
60,868,295
14,082,070
65,213,144
2,329,251

193,339,614
42,976,798
64,372,065
15,209,165
68,148,039
2,633,547

202,331,676
43,510,745
63,808,049
16,294,075
75,800,688
2,918,119

DIVIDENDS

Liabilities and capital— to ta l...................................... 148,170,261
Total deposits.................................................................... •137,537,907
Demand deposits............................................................ 103,159,254
Time and savings deposits...........................................
34,378,653
Borrowings and other liabilities..................................
1,104,386
Total capital accounts....................................................
9,527,968

150,726,513
139,517,461
104,195,063
35,322,398
1,257,852
9,951,200

151,566,078
139,764,394
103,862,159
35,902,235
1,380,578
10,421,106

158,986,894
146,269,294
109,822,638
36,446,656
1,710,204
11,007,396

169,207,394
155,460,465
118,189,171
37,271,294
2,131,162
11,615,767

179,803,463
165,031,495
125,213,842
39,817,653
2,501,055
12,270,913

185,685,283
170,075,888
127,028,332
43,047,556
2,667,917
12,941,478

193,339,614
176,865,497
130,023,191
46,842,306
2,712,778
13,761,339

202,331,676
184,734,232
135,422,891
49,311,341
2,965,764
14,631,680

69,439
296,308

71,566
312,324

73,806
334,961

76,754
358,325

79,574
376,750

82,167
386,625

84,931
408,791

Number of banks, December 3 1 .......................................

13,403

13,419

13,436

13,446

13,455

13,439

13,432

13,323

13,237

Note: Due to rounding differences, data for 1949 through 1955 may not add precisely to the indicated totals.
1 Not available.
2 Revised.
* Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1934-1946: See the following Annual Reports: 1950, pp. 250-251, and 1941, pp. 158-159.




BANKS

67,609
292,015

INSURED

65,740
284,072

O
F

Number of active officers, December 3 1 ........................
Number of other employees, December 3 1 ...................

EXPEN SES,

Average assets and liabilities3
Assets— to ta l........................................................................
Cash and due from banks..............................................
United States Government obligations......................
Other securities.................................................................
Loans and discounts........................................................
All other assets..................................................................

E AR N IN G S,

N et profits before incom e taxes..................................
Taxes on n et income— to ta l.........................................
Federal................................................................................
State.....................................................................................

q\
j

Table 109.

R

E a r n in g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s
U n i t e d S t a t e s (C o n t i n e n t a l U. S . a n d O t h e r A r e a s ), 1947-1955

a t io s

of

Earnings or expense item

1955

1954

1953

1952

1951

1950

1949

1948

I*
—
oo
05

th e

$100.00
25.83
5.74
51.08
5.40

$100.00
22.38
5.68
55.17
5.24

$100.00
22.29
5.62
56.46
4.96

$100.00
22.01
5.43
57.55
4.95

$100.00
22.04
5.63
56.52
5.40

$100.00
20.91
5.51
57.96
5.33

3.14
10.06

2.86
9.83

2.65
9.49

2.66
9.29

2.64
8.89

2.47
8.20

2.42
7.64

2.50
7.91

2.43
7.86

Current operating expenses— to ta l...........................
Salaries, wages, and fees................................................
Interest on time and savings deposits........................
Taxes other than on net income...................................
Recurring depreciation on banking house, furniture
and fixtures....................................................................
Other current operating expenses................................

63.98
31.19
9.63
3.34

63.57
31.30
9.30
3.12

63.32
31.42
9.10
3.15

62.19
31.20
8.73
3.26

61.46
31.35
8.77
3.09

61.41
30.95
9.29
2.82

61.55
30.76
9.75
2.71

63.01
31.16
10.71
2.88

62.09
30.35
10.63
2.77

1.36
18.46

1.42
18.43

1.50
18.15

1.51
17.49

1.50
16.75

1.52
16.83

1.53
16.80

1.64
16.62

1.70
16.64

N et current operating earnings..................................

36.02

36.43

36.68

37.81

38.54

38.59

38.45

36.99

37.91

2.09
1.34
.75

2.26
1.44
.82

2.38
1.51
.87

2.47
1.54
.93

2.60
1.60
1.00

2.74
1.68
1.06

2.96
1.82
1.14

2.98
1.88
1.10

3.15
1.96
1.19

A m ounts per $100 of total assets1
Current operating earnings— total...................................
Current operating expenses— total...................................
Net current operating earnings................... .....................
Recoveries, transfers from reserve accounts, and
profits— total......................................................................
Losses, charge-offs, and transfers to reserve ac­
counts— total.....................................................................
Net profits before income taxes........................................
Net profits after income taxes...........................................

Losses, charge-offs, and transfers to reserve ac­
counts— total.....................................................................
Net profits before income taxes........................................
Taxes on net income............................................................
Net profits after income taxes...........................................
Cash dividends declared......................................................
Net additions to capital from profits..............................




.18

.14

.16

.10

.08

.08

.33

.12

.32
.68
.49

.25
.76
.55

.23
.86
.59

.23
.87
.54

.20
.94
.55

.24
.98
.55

.28
1.15
.68

.35
.96
.57

11.71

12.46

12.70

13.50

14.58

15.51

16.29

15.52

16.52

2.75

A m ounts per $100 of total capital ac­
counts1
Net current operating earnings.........................................
Recoveries, transfers from reserve accounts, and

.18
.20
.73
.53

2.68

2.04

2.23

1.46

1.17

1.18

4.59

1.34

3.09
11.37
3.17
8.20
3.31
4.89

4.88
10.26
2.77
7.49
3.33
4.16

3.64
11.10
3.12
7.98
3.40
4.58

3.33
12.40
3.89
8.51
3.55
4.96

3.41
12.63
4.81
7.82
3.61
4.21

2.95
13.73
5.66
8.07
3.60
4.47

3.46
14.01
6.08
7.93
3.66
4.27

4.02
16.09
6.59
9.50
3.76
5.74

4.83
13.33
5.43
7.90
3.87
4.03

CO R PO R ATIO N

$100.00
28.10
5.59
48.79
5.38

INSURANCE

$100.00
29.62
5.57
47.01
5.11

DEPOSIT

$100.00
34.85
5.79
41.39
4.77

FEDERAL

A m ou n ts per $100 of current operating
earnings
Current operating earnings— to ta l...........................
Interest on U . S. Government obligations................
Interest and dividends on other securities................
Income on loans................................................................
Service charges on deposit accounts............................
Other service charges, commissions, fees, and
collection and exchange charges...............................
Other current operating earnings.................................

1947

in

4.34

4.45

4.64

4.84

4.79

4.88

1.61
2.15
.19
.91

1.59
2.04
.19
.94

1.65
1.99
.20
1.03

1.80
2.04
.20
1.15

1.98
2.11
.21
1.24

1.98
2.14
.24
1.32

2.09
2.15
.25
1.38

Assets and liabilities per $100 of total
assets1
Assets— to ta l........................................................................
Cash and due from banks..............................................
United States Government obligations......................
Other securities.................................................................
Loans and discounts........................................................
All other assets..................................................................

100.00
23.14
47.40
5.61
22.85
1.00

100.00
24.05
42.65
5.89
26.31
1.10

100.00
23.55
41.62
6.19
27.49
1.15

100.00
22.65
40.16
6.94
29.09
1.16

100.00
23.86
35.29
7.42
32.23
1.20

100.00
23.89
33.96
7.54
33.37
1.24

100.00
23.26
32.78
7.58
35.12
1.26

100.00
22.23
33.29
7.87
35.25
1.36

100.00
21.51
31^54
8.05
37.46
1.44

Liabilities and capital— to ta l.......................................
Total deposits....................................................................
Demand deposits...........................................................
Time and savings deposits...........................................
Borrowings and other liabilities...................................
Total capital accounts....................................................

100.00
92.82
69.62
23.20
.75
6.43

100.00
92.56
69.13
23.43
.84
6.60

100.00
92.21
68.52
23.69
.91
6.88

100.00
92.00
69.08
22.92
1.08
6.92

100.00
91.88
69.85
22.03
1.26
6.86

100.00
91.78
69.64

100.00
91.59

22.14

1.39
6.83

23.18
1.44
6.97

100.00
91.48
67.25
24.23
1.40
7.12

100.00
91.30
66.93
24.37
1.47
7.23

Number of banks, December 3 1 .......................................

13,403

13,419

13,436

13,446

13,455

13,439

13,432

13,323

13,237

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1934-1946: See the following Annual Reports: 1950, pp. 252-253, and 1941, pp. 160-161.

O
F
INSURED
BANKS




68.41

DIVIDENDS

4.22

1.57
2.14
.17
.90

AND

4.04

1.54
2.16
.14
.87

EXPENSES,

3.79

E AR N IN G S,

Special ratios1
Income on loans per $100 of loans...................................
Income on U . S. Government obligations per $100
of U . S. Government obligations.................................
Income on other securities per $100 of other securities.
Service charges per $100 of demand deposits...............
Interest paid per $100 of time and savings deposits..

CO

Table 110.

E

a r n in g s , E x p e n s e s , a n d D iv id e n d s
U n i t e d S t a t e s ( C o n t i n e n t a l U . S.

op

I n s u r e d C o m m e r c ia l B a n k s
O t h e r A r e a s ), 1955

in

th e

and

BY CLASS OP BANK
(Amounts in thousands of dollars)
Members F. R . System
Total
National

State

Not
members
F. R .
System

Operating
throughout
the year1

Operating
less than
full year2

1,035,960
215,895
55,504
604,089
9,690
65,951
45,260
14,886
24,685

6,319,292
1,324,434
348,897
3,603,971
70,497
336,745
153,976
265,978
214,796

58,413
9,256
2,144
21,557
551
3,230
1,028
15,863
4,783

Salaries and wages— employees.................................................................................
Fees paid to directors and members of executive, discount, and other committees
Interest on time and savings deposits.............................................................................
Interest and discount on borrowed money.....................................................................
Taxes other than on net income.......................................................................................
Recurring depreciation on banking house, furniture and fixtures...........................
Other current operating expenses.....................................................................................

3,960,173
666,152
1,229,756
39,563
678,237
23,093
176,840
108,306
1,038,228

2,097,243
333,902
652,274
18,264
372,331
12,413
101,267
59,357
547,435

1,167,194
177,744
407,321
8,919
170,373
9,529
47,701
27,476
318,132

695,736
154,506
170,161
12,380
135,533
1,151
27,872
21,473
172,661

3,917,913
659,114
1,215,230
39,183
674,105
23,056
175,564
107,243
1,024,420

42,260
7,038
14,526
380
4,132
37
1,276
1,063
13,808

N et current operating earnings.......................................................................................

2,417,533

1,327,993

749,315

340,225

2,401,380

16,153

Recoveries, transfers from reserve accounts, and profits— to ta l.....................
On securities:
Recoveries...........................................................................................................................
Transfers from reserve accounts...................................................................................
Profits on securities sold or redeemed.........................................................................
On loans:

239,598

134,917

77,587

27,094

235,929

3,669

20,586
39,930
57,085

13,651
29,235
35,769

4,665
8,312
14,898

2,270
2,383
6,418

20,534
39,249
56,872

52
681
213

27,379
50,899
43,722

14,574
18,822
22,866

6,165
28,906
14,642

6,640
3,171
6,214

27,163
50,205
41,908

216
694
1,814

Service charges on deposit accounts.................................................................................
Other service charges, commissions, fees, and collection and exchange charges..
Other current operating earnings......................................................................................
Current operating expenses— to ta l................................................................................

Transfers from reserve accounts...................................................................................
Losses, charge-offs, and transfers to reserve accounts— to ta l..........................
On securities:
Losses and charge-offs......................................................................................................
Transfers to reserve accounts........................................................................................
On loans:
Losses and charge-offs......................................................................................................
Transfers to reserve accounts........................................................................................




707,155

376,341

237,614

93,200

702,481

4,674

221,232
67,276

121,980
36,312

73,511
26,774

25,741
4,190

218,705
67,272

2,527
4

28,159
303,600
86,886

14,197
158,141
45,711

3,646
107,491
26,191

10,316
37,968
14,984

27,953
302,294
86,254

206
1,306
632

CO R PO R ATIO N

1,916,509
362,915
100,575
1,073,261
21,707
85,956
44,481
163,959
63,656

INSURANCE

3,425,236
754,880
194,962
1,948,178
39,651
188,068
65,263
102,996
131,238

DEPOSIT

6,377,705
1,333,690
351,041
3,625,528
71,048
339,975
155,004
281,841
219,579

Current operating earnings— to ta l................................................................................
Interest on U. S. Government obligations.....................................................................
Interest and dividends on other securities.....................................................................
Interest and discount on loans..........................................................................................

FEDERAL

Earnings or expense item

N et profits heforp. Inrnmft taxfts........... .......................

1,949,976

1,086,569

589,289

274,118

1,934,829

15,147

793,737
753,883
39,855

444,863
427,249
17,614

245,900
228,106
17,795

102,974
98,528
4,446

786,543
747,229
39,315

7,194
6,654
540

N et profits after incom e taxes.........................................................................................

641,706

343,388

171,146

1,148,287

7,953

566,124

309,075

191,835

65,214

561,222

4,902

2,581
563,543

203
308,872

1,527
190,308

851
64,363

2,572
558,650

9
4,893

Net additions to capital from profits...........................................................................

590,118

332,631

151,554

105,933

587,066

3,052

3,146
39,794

2,107
24,704

612
8,885

427
6,205

3,143
39,214

3
580

68,140
88,417

30,753
54,446

34,749
21,223

2,638
12,748

68,140
87,708

709

Average assets and liabilities3
Assets— to ta l............................................................................................................................
Cash and due from banks..................................................................................................
United States Government obligations...........................................................................
Other securities......................................................................................................................
Loans and discounts............................................................................................................
All other assets......................................................................................................................

202,331,676
43,510,745
63,808,049
16,294,075
75,800,688
2,918,119

112,329,247
24,750,088
35,881,262
9,255,997
40,854,733
1,587,167

61,425,098
13,844,536
17,789,363
4,459,246
24,318,901
1,013,052

28,577,331
4,916,121
10,137,424
2,578,832
10,627,054
317,900

Liabilities and capital— to ta l...........................................................................................
Total deposits........................................................................................................................
Demand deposits................................................................................................................
Time and savings deposits...............................................................................................
Borrowings and other liabilities........................................................................................
Total capital accounts.........................................................................................................

202,331,676
184,734,232
135,1*22,891
1*9,311,31*1
2,965,764
14,631,680

112,329,247
102,796,397
75,700,297
27,096,100
1,628,168
7,904,682

61,425,098
55,739,401
1*2,791,312
12,91*8,089
1,108,333
4,577,364

28,577,331
26,198,434
16,931,282
9,267,152
229,263
2,149,634

Number of active officers, December 3 1 .......................................................................... ..
Number of other employees, December 3 1 ........................................................................

84,931
408,791

39,941
213,960

18,667
128,193

26,323
66,638

84,348
405,862

583
2,929

Number of banks, December 3 1 ...........................................................................................

13,237

4,692

1,847

6,698

13,117

120

EXPENSES,

1,156,240

Dividends and interest on capital— to ta l...................................................................
Dividends declared on preferred stock and interest on capital notes and
debentures...........................................................................................................................
Cash dividends declared on common stock...................................................................

EA R N IN G S,

..............................................

Taxes on net income— to ta l.............................................................................................
Federal.....................................................................................................................................
State.........................................................................................................................................

Memoranda
Recoveries credited to reserve accounts (not included in recoveries above):

AND

On loans..................................................................................................................................
Losses charged to reserve accounts (not included in losses above):
On securities...........................................................................................................................
On loans..................................................................................................................................

DIVIDENDS
O
F
INSURED
BANKS

Note: Due to rounding differences, earnings data of State banks may not add precisely to the indicated totals.
1 Adjusted to include data for 6 large national banks which were taken over by State banks during the year.
2 Includes banks operating less than full year, except 6 large national banks which were taken over by State banks during the year, and a few banks which engage primarily in
fiduciary business.
3 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
i *
—
Back figures, 1931*-1951*: See Table 108, pp. 134-135, the Annual Report for 1954, pp. 142-143, and earlier reports.




C
O

C
O

Table 111.

R

a t io s

o f E a r n i n g s , E x p e n s e s , a n d D i v i d e n d s o f I n s u r e d C o m m e r c ia l B a n k s
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , 1 955

in

th e

BY CLASS OF BANK

State

61.23
29.32
10.87
2.96
1.73
16.35

60.90
30.99
8.89
2.49
1.43
17.10

67.16
32.54
13.08
2.69
2.07
16.78

38.77

39.10

32.84

3.15
1.96
1.19
.12
.35
.96
.57

3.05
1.87
1.18
.12
.33
.97
.57

3.12
1.90
1.22
.13
.39
.96
.56

3.63
2.44
1.19
.09
.32
.96
.60

(2
)
.02

(2
)
.02

(2
)
.01

(2
)
.02

.03
.04

.03
.05

.06
.03

.01
.04

CO R PO R ATIO N




$100.00
20.84
5.36
59.25
6.36
4.37
3.82

INSURANCE

Losses charged to reserve accounts (not included in losses above):

$100.00
18.94
5.25
57.13
4.48
2.32
11.88

37.91

M em oranda
Recoveries credited to reserve accounts (not included in recoveries above):

$100.00
22.04
5.69
58.03
5.49
1.91
6.84

62.09
30.35
10.63
2.77
1.70
16.64

A m ou n ts per $100 of total assets1

$100.00
20.91
5.51
57.96
5.33
2.43
7.86

DEPOSIT

A m ou n ts per $100 of current operating earnings

Not
members
F. R.
System

Total
National

FEDERAL

Members F. R. System
Earnings or expense item

A m ounts per $100 of total capital accounts1
16.80
1.71
4.76
13.75
5.63
8.12
3.91
4.21

16.37
1.69
5.19
12.87
5.37
7.50
4.19
3.31

15.83
1.26
4.34
12.75
4.79
7.96
3.03
4.93

.02
.27

.03
.31

.01
.19

.02
.29

.47
.60

.39
.69

.76
.46

.12
.59

Special ratios1
Income on loans per $100 of loans...................................................................................................................................
Income on U . S. Government obligations per $100 of U. S. Government obligations.......................................
Income on other securities per $100 of other securities..........................................................................................
Service charges per $100 of demand deposits.............................................................................................
Interest paid per $100 of time and savings deposits......................................................................

4.88
2.09
2.15
.25
1.38

4.87
2.10
2.11
.25
1.37

4.50
2.04
2.26
.20
1.32

5.78
2.13
2.15
.39
1.46

Assets and liabilities per $100 of total assets1
Assets— to ta l..........................................................................................................................................................
Cash and due from banks.............................................................................................................................................
United States Government obligations.......................................................................................................................
Other securities.................................................................................................................................................
Loans and discounts.........................................................................................................................................................
All other assets...................................................................................................................................................................

100.00
21.51
31.54
8.05
37.46
1.44

100.00
22.04
31.94
8.24
36.37
1.41

100.00
22.54
28.96
7.26
39.59
1.65

100.00
17.20
35.47
9.03
37.19
1.11

DIVIDENDS

Liabilities and capital— to ta l...................................................................................................................................
Total deposits.......................................................................................................................................
...
D e m a n d d e p o s i t s ...............................................................................................................................
T i m e d e p o s i t s ................................................................................................................. .
...
Borrowings and other liabilities....................................................................................................................................
Total capital accounts...........................................................................................................

100.00
91.30

100.00
91.51

100.00
90.74

100.00
91.68

O
F

6 6 .9 3

6 7 .3 9

2 4 .3 7

2 4 .1 2

6 9 .6 6
2 1 .0 8

5 9 .2 5
3 2 .4 3

1.47
7.23

1.45
7.04

1.81
7.45

.80
7.52

Number of banks, December 3 1 ......................................................................................................................................

13,237

4,692

1,847

6,698

.

Net profits after income taxes............................................................................................................................................
Cash dividends declared......................................................................................................................................................
Net additions to capital from profits...............................................................................................................................
Memoranda
Recoveries credited to reserve accounts (not included in recoveries above):
On securities.......................................................................................................................................................................

INSURED
BANKS




AND

» Asset and liability items are averages of figures reported at beginning, middle, and end of year.
3 Less than .005.
B a c k f i g u r e s , 1 9 3 4 - 1 9 5 4 : See Table 109, pp. 136-137, the Annual Report for 1954, pp. 144-145, and earlier reports.

E X P E N S E S,

Losses charged to reserve accounts (not included in losses above):
On securities.......................................................................................................................................................................

E AR N IN G S,

16.52
1.64
4.83
13.33
5.43
7.90
3.87
4.03

Recoveries, transfers from reserve accounts, and profits— total..........................................................................
..
Losses, charge-offs, and transfers to reserve accounts— total....................................................................

Table 112.

E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s O p e r a t i n g T h r o u g h o u t 1 9 5 5
i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s )
BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS
Banks with deposits of— 2

Earnings or expense item

All
banks1

Less
than
$1,000,000

$1,000,000
to
$2,000,000

$2 ,000,000
to
$5,000,000

$5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
or
to
to
to
to
to
more
$10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000

2,122,712
408,831
129,026
1,210,285
36,112
84,079

17,790
12,625
20,246

10,949
12,463
17,404

10,070
18,367
17,183

27,755
84,865
56,407

42,556
132,789
79,034

340,488
74,008
83,512

475,765
85,899
133,660

305,140
50,058
92,349

299,801
46,067
95,998

824,104
115,320
281,244

1,208,042
148,400
442,900

9,163
63,196
368
14,772

6,811
65,875
356
15,329

6,704
88,616
776
20,430

2,835
55,301
1,006
13,551

2,323
45,650
1,408
13,614

4,172
118,229
6,994
38,755

3,184
215,075
12,017
53,165

2,868
23,198

10,798
74,520

12,219
82,380

17,116
122,564

10,355
79,686

9,131
85,610

20,949
238,442

23,027
310,274

16,447

55,649

174,350

177,320

239,743

159,631

161,596

501,977

914,670

235,929

1,595

3,860

11,352

11,972

16,434

12,401

15,312

59,049

103,955

20,534
39,249
56,872

57
123

208
75
460

1,035
334
2,148

1,140
663
3,064

2,315
2,123
4,396

1,119
1,754
3,134

2,007
1,010
3,646

4,049
15,204
12,558

8,603
18,086
27,344

27,163
50,205
41,908

1,115
102
197

2,219
221
677

4,681
862
2,292

3,338
1,535
2,232

2,375
1,487
3,737

1,050
2,587
2,758

1,128
4,045
3,476

3,407
10,714
13,117

7,848
28,653
13,423

502,293
115,866
27,743
298,577
2,327
28,305

153,976
265,978
214,796

3,333
35
738

8,371
169
2,672

18,676
1,109
9,689

14,476
3,557
11,424

Current operating expenses— to ta l..............
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of execu­
tive, discount, and other committees........
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

3,917,913
659,114
1,215,230

33,235
13,508
4,246

103,394
35,833
16,217

327,944
90,023
65,104

39,183
674,105
23,056
175,564

950
4,589
40
1,383

3,043
17,576
92
4,568

107,243
1,024,420

776
7,747

N et current operating earnings.....................

2,401,380

Recoveries, transfers from reserve ac­
counts, and profits— to ta l........................
On securities:
Recoveries.........................................................
Transfers from reserve accounts.................
Profits on securities sold or redeemed. . . .
On loans:
Recoveries.........................................................
Transfers from reserve accounts.................
All other.................................................................
Losses, charge-offs, and transfers to re­
serve accounts— to ta l.................................
On securities:
Losses and charge-offs....................................
Transfers to reserve accounts......................
On loans:
Losses and charge-offs....................................
Transfers to
 reserve accounts......................
All other.................................................................



thousand.8 of
715,507
159,439
38,661
405,838
6,691
54,218

702,481

3,357

10,766

38,530

46,271

67,775

49,590

52,927

171,570

261,696

218,705
67,272

300
53

1,414
288

10,176
1,035

14,820
1,714

24,578
2,061

18,509
2,632

18,492
3,729

54,663
21,105

75,752
34,656

27,953
302,294
86,254

1,772
780
452

4,117
3,082
1,865

7,475
13,324
6,520

5,126
18,288
6,323

3,236
28,793
9,107

703
22,026
5,719

1,114
22,799
6,793

1,043
70,625
24,134

3,369
122,577
25,342

CO R PO R ATIO N

1,326,080
274,032
65,177
744,087
11,868
61,890

159,043
35,307
6,618
97,406
707
7,796

INSURANCE

461,396
97,902
23,492
260,743
4,633
29,008

49,682
10,129
1,654
31,194
296
2,302

DEPOSIT

dollars)
464,769
105,879
25,618
255,192
4,371
32,894

6,319,292
1,324,434
348,897
3,603,971
70,497
336,745

FEDERAL

(Amounts in
517,808
117,048
30,910
300,648
3,490
36,255

Current operating earnings— to ta l..............
Interest on U . S. Government obligations.. .
Interest and dividends on other securities.. .
Interest and discount on loans........................
Service charges and fees on bank’s loans----Service charges on deposit accounts...............
Other service charges, commissions, fees,
collection and exchange charges..................
Trust department................................................
Other current operating earnings....................

14,686

48,743

147,171

143,021

188,401

122,442

123,980

389,456

756,930

786,543
747,229
39,315

4,367
4,189
179

14,584
13,986
598

48,807
47,128
1,679

55,366
53,627
1,740

80,454
77,837
2,617

52,730
51,184
1,547

53,011
50,919
2,092

167,025
160,264
6,762

310,197
288,097
22,100

N et profits after incom e taxes........................

1,148,287

10,318

34,159

98,365

87,654

107,948

69,713

70,969

222,431

446,733

Dividends and interest on capital— to ta l..
Dividends declared on preferred stock and
interest on capital notes and debentures..
Cash dividends declared on common stock..

561,222

3,701

11,788

35,957

33,491

43,361

29,806

32,006

111,040

260,073

2,572
558,650

6
3,694

24
11,764

128
35,829

139
33,352

276
43,085

205
29,601

545
31,461

1,244
109,796

4
260,069

N et additions to capital from profits..........

587,066

6,616

22,371

62,408

54,162

64,587

39,907

38,963

111,392

186,660

3,143
39,214

220

2
845

40
3,533

121
4,112

52
4,638

69
2,351

114
3,111

824
6,399

1,921
14,006

68,140
87,708

1
511

20
1,732

210
7,103

448
7,913

2,182
9,854

1,737
5,515

3,625
7,418

15,001
14,278

44,914
33,386

AND

Assets and liabilities2
Assets— to ta l........................................................... 208,505,686
Cash and due from banks................................. 46,407,454
United States Government obligations......... 60,657,844
Other securities.................................................... 16,327,587
Loans and discounts........................................... 82,155,244
2,957,557

1,370,657
298,271
480,106
74,719
509,610
7,951

4,598,653
943,417
1,641,700
303,696
1,676,056
33,784

15,269,948
3,006,136
5,398,209
1,342,035
5,385,946
137,622

15,783,665
3,029,231
5,490,622
1,561,585
5,532,518
169,709

21,713,803
4,149,916
7,492,230
1,987,596
7,800,800
283,261

14,697,204
2.920.630
5.002.631
1,293,409
5,279,412
201,122

14,722,134
3,197,319
4,592,727
1,189,053
5,535,603
207,432

44,560,321
10,856,730
12,512,753
3,056,260
17,497,929
636,649

75,789,301
18,005,804
18,046,866
5,519,234
32,937,370
1,280,027

DIVIDENDS

Liabilities and capital— to ta l.......................... 208,505,686
190,466,725
Demand deposits............................................... HO,666,121
Time and savings deposits.............................. 1+9,800,601+
3,113,553
Borrowings and other liabilities......................
Total capital accounts........................................ 14,925,408

1,370,657
1,221,019
926,1+52
291+,567
3,360
146,278

4,598,653
4,153,291
2,951,825
1,201 ,1+66
13,943
431,419

15,269,948
13,958,962
9,4.87,831
It,521,131
61,602
1,249,384

15,783,665
14,529,957
9,552,1+08
U,977,51+9
94,302
1,159,406

21,713,803
20,042,774
13,108,91+2
6,933,832
184,567
1,486,462

14,697,204
13,590,861
9,271,220
1+,319,61+1
149,255
957,088

14,722,134
13,601,417
9,992,011+
3,609,1+03
171,784
948,933

44,560,321
41,055,660
32,229,129
8,826,531
568,560
2,936,101

75,789,301
68,312,784
53,196,300
15,116,1+81+
1,886,180
5,610,337

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 ... .

84,348
405,862

3,976
2,674

7,988
8,217

16,260
28,018

10,905
32,394

10,760
49,140

5,701
33,064

4,823
33,724

10,837
93,059

13,098
125,572

Number of banks, December 3 1 ..........................

13,117

1,736

2,827

4,330

2,074

1,320

398

197

192

43

N et profits before incom e taxes.............. ..

Losses charged to reserve accounts (not in­
cluded in losses above):

INSURED
BANKS




O
F

Note: Due to rounding differences, components may not add precisely to the indicated totals.
1 This group of banks is the same as the group shown in Table 110 under the heading “ Operating throughout the year."
2 Asset and liability items are as of December 31, 1955.
Back figures, 191+1-1951+: See the Annual Report for 1954, pp. 146-147, and earlier reports.

EXPENSES,

Memoranda
Recoveries credited to reserve accounts (not
included in recoveries above):

EAR N IN G S,

1,934,829

Taxes on net income— to ta l............................

T a b le

113.

R a t i o s o f E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s O p e r a t i n g T h r o u g h o u t 1955
i n t h e U n i t e d S t a t e s (C o n t i n e n t a l U . S. a n d O t h e r A r e a s )
B AN K S GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Banks with deposits of— 2
Earnings or expense item

$100.G
O
20.39
3.33
63.38
4.63

$5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
or
to
to
to
to
to
more
$10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000

$1,000,000
to
$2,000,000

$2 ,000,000
to
$5,000,000

$100.00
22.20
4.16
61.69
4.90

$100.00
23.07
5.52
59.91
5.63

$100.00
22.60
5.97
58.74
7.00

$100.00
22.28
5.40
57.66
7.58

$100.00
22.78
5.51
55.85
7.08

$100.00
21.22
5.09
57.52
6.29

$100.00
20.66
4.92
57.01
4.67

$100.00
19.26
6.08
58.72
3.96

5.26
1.79

3.72
2.15

2.80
2.89

2.49
4.59

2.35
6.43

2.18
7.70

2.09
10.65

2.00
9.98

Current operating expenses— to ta l..............
Salaries, wages, and fees. . . . ........................
Interest on time and savings deposits...........
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

62.00
30.28
10.67
2.78

66.90
37.65
9.24
2.78

65.01
34.64
11.05
2.87

65.29
32.71
12.58
2.94

65.76
31.74
12.72
2.96

66.49
31.62
12.38
2.86

65.65
31.25
11.90
2.91

64.98
31.29
9.90
2.95

62.15
30.22
8.92
2.92

56.91
28.01
10.13
2.50

1.70
16.57

1.56
15.67

1.80
14.65

2.15
14.91

2.36
15.98

2.39
17.24

2.23
17.36

1.98
18.86

1.58
18.51

1.09
15.18

N et current operating earnings.....................

38.00

33.10

34.99

34.71

34.24

33.51

34.35

35.02

37.85

43.09

3.03
1.88
1.15

3.62
2.42
1.20

3.46
2.25
1.21

3,29
2.15
1.14

3.28
2.16
1.12

3.29
2.19
1.10

3.16
2.07
1.09

3.13
2.03
1.10

2.98
1.85
1.13

2.80
1.59
1.21

.11

.12

.08

.07

.08

.08

.08

.10

.13

.14

.33
.93
.55

.25
1.07
.75

.23
1.06
.74

.25
.96
.64

.29
.91
.56

.31
.87
.50

.34
.83
.47

.36
.84
.48

.39
.87
.50

.35
1.00
.59

(*)
.02

.02

(3
)
.02

(s)
.02

(3
)
.03

(*)
.02

(8
)
.02

(s)
.02

(*)
.01

(3
)
.02

.03
.04

(8)
.04

(3
)
.04

(3
)
.05

(3
)
.05

.01
.05

.01
.04

.02
.05

A m ounts per $100 of total assets2
Current operating earnings— total......................
Current operating expenses— total......................
Net current operating earnings............................
Recoveries, transfers from reserve accounts,
and profits— total............................................
Losses, charge-offs, and transfers to reserve
accounts— total.....................................
Net profits before income taxes................
Net profits after income taxes...................
M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
j
On loans.............................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
DigitizedOn loans.................................................................
for FRASER



.03 !
.03 j

.06
.04

CORPORATION

6.71
1.56

INSURANCE

2.43
7.61

DEPOSIT

$100.00
20.96
5.52
58.15
5.33

Less
than
$1,000,000

FEDERAL

A m ou n ts per $100 of current
operating earnings
Current operating earnings— t o t a l.. . .........
Interest on U. S. Government obligations. .
Interest and dividends on other securities. . .
Income on loans...................................................
Service charges on deposit accounts...............
Other service charges, commissions, fees,
and collection and exchange charges.........
Other current operating earnings....................

All
banks1

12.90

13.95

15.30

16.13

16.68

17.03

17.10

1.09

.89

.91

1.03

1.10

1.29

1.62

2.01

1.85

4.71
12.96
5.27
7.69
3.76
3.93

2.29
10.04
2.99
7.05
2.53
4.52

2.49
11.30
3.38
7.92
2.73
5.19

3.08
11.78
3.91
7.87
2.88
4.99

3.99
12.34
4.78
7.56
2.89
4.67

4.56
12.67
5.41
7.26
2.92
4.34

5.18
12.79
5.51
7.28
3.11
4.17

5.58
13.07
5.59
7.48
3.37
4.11

5.85
13.26
5.69
7.57
3.78
3.79

4.66
13.49
5.53
7.96
4.63
3.33

.02
.26

.15

.20

(3)
.28

.01
.35

(3
)
.31

.01
.25

.01
.33

.03
.22

.03
.25

.46
.59

(3
)
.35

(s)
.40

.02
.57

.04
.68

.15
.66

.18
.58

.38
.78

.51
.49

.80
.60

6.18

5.85

5.59

5.50

5.29

4.92

4.79

4.32

3.78

2.11

2.15

2.15

2.13

2.13

2.12

2.13

2.19

2.27

2.14
.24

2.21
.25

2.18
.26

2.07
.30

1.98
.38

1.95
.41

1.98
.35

1.98
.29

2.13
.19

2.34
.16

1.40

1.32

1.28

1.28

1.26

1.34

1.42

100.00
22.26
29.09
7.83
39.40
1.42

100.00
21.76
35.03
5.45
37.18
.58

100.00
20.52
35.70
6.60
36.45
.73

100.00
19.69
35.35
8.79
35.27
.90

100.00
19.19
34.79
9.89
35.05
1.08

100.00
19.11
34.50
9.15
35.93
1.31

100.00
19.87
34.04
8.80
35.92
1.37

100.00
21.72
31.19
8.08
37.60
1.41

100.00
24.36
28.08
6.86
39.27
1.43

100.00
23.76
23.81
7.28
43.46
1.69

Liabilities and capital— to ta l..........................
Total deposits.......................................................
Demand deposits...............................................
Time deposits.....................................................
Borrowings and other liabilities.......................
Total capital accounts........................................

100.00
91.35
67.1*6
23.89
1.49
7.16

100.00
89.08
67.59
21.1*9
.25
10.67

100.00
90.32
61*.19
26.13
.30
9.38

100.00
91.42
61.81
29.61
.40
8.18

100.00
92.06
60.52
31.51*
.60
7.34

100.00
92.30
60.37
31.93
.85
6.85

100.00
92.47
63.08
29.39
1.02
6.51

100.00
92.39
67.87
21*.52
1.17
6.44

100.00
92.13
72.32
19.81
1.28
6.59

100.00
90.14
70.19
19.95
2.46
7.40

Number of banks, December 31 ..........................

13,117

1,736

2,827

4,330

2,074

1,320

398

197

192

43

1 This group of banks is the same as the group shown in Table 110 under the heading “Operating throughout the year.” These ratios differ slightly from the ratios for all insured
commercial banks shown in Tables 109 and 111.
2 Asset and liability items are as of December 31, 1955.
* Less than .005.
Back figures, 191*1-195!*: See the Annual Report for 1954, pp. 148-149, and earlier reports.




BANKS

1.46

INSURED

1.56

O
F

1.35

Assets and liabilities per $100 of
total assets2
Assets— to ta l...........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities....................................................
Loans and discounts...........................................
All other assets.....................................................

DIVIDENDS

4.47
2.18

AND

Special ratios2
Income on loans per $100 of loans......................
Income on U. S. Government obligations per
$100 of U . S. Government obligations___
Income on other securities per $100 of other
other securities.................................................
Service charges per $100 of demand deposits. .
Interest paid per $100 of time and savings
deposits...............................................................

11.24

1.58

E X P E N SE S ,

M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans.................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
On loans.................................................................

16.30

16.09

E AR N IN G S,

A m ounts per $100 of total capital
accounts2
Net current operating earnings............................
Recoveries, transfers from reserve accounts,
and profits— total............................................
Losses, charge-offs, and transfers to reserve
accounts— total................................................
Net profits before income taxes...........................
Taxes on net income................................................
Net profits after income taxes..............................
Cash dividends declared.........................................
Net additions to capital from profits.................

Table 114.

E a r n i n g s , E x p e n s e s , a n d D iv i d e n d s o f I n s u r e d C o m m e r c i a l B a n k s
U n i t e d S t a t e s (C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955
(Amounts in thousands of dollars)

U . S.
(continental
U . S.and
other
areas)

Other current operating earnings....................

Recoveries, transfers from reserve ac­
counts and profits— t o t a l.......................
On securities:
Recoveries..........................................................
Transfers from reserve accounts.................
Profits on securities sold or redeemed. . . .
On loans:

Losses, charge-offs, and transfers to reOn securities:
On loans:
Transfers to reserve accounts................ ..
N for FRASER
Digitizedet profits before income taxes....................


Colorado

Connec­
ticut

6,377,705
1,833,690
351,041
3,625,528
71,048
339,975

5,259
1,170
196
2,505
280
400

10,133
610
716
6,856
206
206

2,045
385
102
1,207
24
136

6,360,268
1,331,525
350,027
3,614,960
70,538
339,233

56,782
10,604
3,699
33,939
337
3,224

33,174
4,818
1,534
20,620
982
2,486

33,240
6,760
2,468
18,497
93
1,965

713,945
131,870
34,638
419,639
20,015
51,186

56,760
11,927
1,618
33,349
784
4,797

77,968
13,852
3,943
43,012
429
5,087

155,004
281,841
219,579

567
37
104

1,306
6
227

146
45

152,985
281,798
219,203

2,161
1,321
1,497

753
678
1,303

2,203
354
902

13,251
21,670
21,678

1,150
1,805
1,331

1,501
7,013
3,131

3,960,173
666,152
1,229,756

3,751
741
1,315

8,184
1,260
2,421

1,566
238
460

3,946,672
663,913
1,225,560

34,047
7,620
9,698

21,640
3,346
7,469

20,970
5,559
4,975

455,110
55,454
146,581

35,540
6,788
10,596

52,262
9,132
16,763

39,563
678,237
23,098
176,840

16
435
114

111
1,483
65
568

40
329
1
38

39,396
675,990
23,027
176,120

448
4,509
49
622

54
3,050
32
523

508
2,571
25
869

1,076
131,950
955
18,850

506
6,504
195
740

512
7,164
264
1,703

108,306
1,038,228

181
950

304
1,972

50
411

107,771
1,034,895

1,233
9,869

829
6,338

701
5,763

9,389
90,856

709
9,501

1,557
15,169

2,417,533

1,508

1,950

479

2,413,596

22,734

11,535

12,270

258,836

21,221

25,706

239,598

248

172

85

239,093

1,648

341

1,062

17,868

1,753

1,311

21
134
474

1,683
3,114
4,760

546

173

21
167
328

311

56
64
296

1,769
1,140
5,402

570
57
270

215
323
356

20,586
39,930
57,085

1
39

88
42

3

20,586
39,841
57,001

27,379
50,899
43,722

78
116
14

2
4
35

45
30
8

27,254
50,749
43,665

433
305
283

162

341
60
147

707,155

662

434

205

705,854

6,712

3,266

3,376

58,892

5,981

8,978

10,670
16,489

1,555
1

1,964
523

5

221,232
67,276

102
22

5

4
8

221,121
67,246

2,839
113

1,628

1,172
176

28,159
303,600
86,886

120
388
30

14
283
132

54
130
9

27,971
302,799
86,715

359
2,815
586

120
1,205
313

754
825
449

606
22,081
9,046

777
2,854
793

104
3,969
2,419

1,949,976

1,094

1,687

359

1,946,836

17,671

8,609

9,957

217,812

16,993

18,039

CORPORATION

N et current operating earnings.....................

California

INSURANCE

Salaries— officers..................................................
Salaries and wages— employees........................
Fees paid to directors and members of execu­
tive, discount, and other committees.. . .
Interest on time and savings deposits...........
Interest and discount on borrowed money..
Taxes other than on net income. .................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

Other1

Alabama
Earnings Arizona
or expense Arkansas
item

DEFOSIT

Other service charges, commissions, fees,
and collection and exchange charges.........

Continental
United
States

FEDERAL

Interest on U . S. Government obligations. .
Interest and dividends on other securities. .
Interest and discount on loans.........................
Service charges and fees on bank's loans. . .

Alaska

the

1

Other areas
Puerto
Rico

in

Taxes on net incom e— to ta l..........................
Federal....................................................................
State........................................................................

793,737
753,883
39,855

N et profits after incom e taxes........................

436
426
10

169
72
97

99
99

793,033
753,286
39,748

6,579
5,900
680

3,625
3,384
242

3.668
3.668

97,548
89,672
7,876

7,601
6,915
686

7,793
6,795
997

11,092

4,984

6,288

120,264

9,393

10,246

565,014

4,474

2,138

2,741

73,054

3,950

6,173

2,581
563,543

203

802

105

2,581
562,433

4,474

2,138

2,741

53
73,002

3,950

6,173

N et additions to capital from profits.........

590,118

456

716

156

588,790

6,618

2,846

3,549

47,209

5,442

4,073

M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans..................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
On loans..................................................................

3,146
39,794

115

50

3,146
39,629

442

422

8
161

636
7,096

779

48
355

68,140
88,417

194

46

68,140
88,103

10
1,016

760

24
279

15,781
10,219

1
1,605

1,018
1,007

Average assets and liabilities2
Assets— to ta l........................................................... 202,331,676
Cash and due from banks................................. 43,510,745
United States Government obligations......... 63,808,049
Other securities..................................................... 16,294,075
Loans and discounts............................................ 75,800,688
All other assets......................................................
2,918,119

125,257
23,948
55,022
10,537
33,751
1,999

220,380
36,289
31,369
29,968
113,656
9,098

53,737 201,932,302
9,487 43,441,021
16,846 63,704,812
4,052 16,249,518
22,150 75,631,131
1,202
2,905,820

1,721,054
411,136
521,199
188,428
579,241
21,050

780,220
130,874
230,142
67,999
333,380
17,825

1,068,359 20,018,157
283,030 3,468,077
323,057 6,235,808
107,951 1,651,543
345,033 8,319,632
343,097
9,288

1,677,047
397,916
585,301
75,062
606,193
12,575

2,228,316
447,527
688,838
229,115
831,510
31,326

Liabilities and capital— to ta l.......................... 202,331,676
Total deposits........................................................ 184,734,232
Demand deposits............................................... 135,422,891
Time and savings deposits.............................. 49,811,341
Borrowings and other liabilities.......................
2,965,764
Total capital accounts........................................ 14,631,680

125,257
118,953
72,926
46,027
528
5,776

220,380
195,574
103,068
92,506
6,425
18,381

53,737 201,932,302
49,097 184,370,608
26,571 135,220,826
22,526 49,150,282
419
2,958,392
4,221 14,603,302

1,721,054
1,580,027
1,286,689
848,838
13,120
127,907

780,220
718,472
539,628
178,844
11,971
49,777

1,068,359 20,018,157
981,578 18,388,213
819,665 10,829,321
161,913 8,058,892
3,573
455,534
83,208 1,174,410

1,677,047
1,554,201
1,175,270
878,981
12,796
110,050

2,228,316
2,041,508
1,554,057
487,451
24,191
162,617

74

84,931
408,791

77
355

223
1,160

39
183

84,592
407,093

1,108
3,696

416
2,654

952
2,076

6,595
42,983

909
3,739

986
5,967

Number of banks, December 3 1 ..........................

13,237

10

7

5

13,215

237

10

228

140

154

87




BANKS

Note: Due to rounding differences, data may not add precisely to the indicated totals.
1 Includes 3 banks in Hawaii, and 2 banks in the Virgin Islands, not members of the Federal Reserve System.
2 Asset and liability items are averages of figures reported at beginning, middle, and end of year, adjusted for “ U. S. (continental U . S. and other areas)” and for “ Puerto Rico”
to exclude data for 9 insured branches in Puerto Rico of insured banks in New York; earnings data of these branches are not available.
Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.

INSURED

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 . . . .

O
F

1,153,803

105

DIVIDENDS

261

802

AND

1,518

203

E X P E N S E S,

658

566,124

E AR N IN G S,

1,156,240

Dividends and interest on capital— t o t a l ..
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock..

I
—*

Table 114.

E a r n i n g s , E x p e n s e s , a n d D i v i d e n d s o f I n s u r e d C o m m e r c ia l B a n k s i n t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955— Continued
(Amounts in thousands of dollars)

Earnings or expense item

Other service charges, commissions, fees,
and collection and exchange charges.........

Recoveries, transfers from reserve ac­
counts and profits— to ta l........................
On securities:
n^i*onofai«o frAm T a T D JJP m ltfl
*0 0 *l7
P iT
Profits on securities sold or redeemed. . . .
On loans:

Losses, charge-offs, and transfers to re­
serve accounts— to ta l.................................
On securities:
Losses and charge-offs....................................
On loans:
Losses and charge-offs ..................................
Transfers to reserve accounts......................
N et profits before incom e taxes....................




Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

23,056
3,955
885
12,717
336
469

45,705
10,702
1,505
24,009
349
3,297

106,473
26,677
5,280
54,537
1,005
9,288

91,370
12,742
4,049
56,089
1,149
5,628

21,011
4,698
524
13,185
256
1,414

434,482
130,411
29,816
207,587
4,037
18,973

130,993
38,250
5,010
70,333
613
6,187

91,272
22,284
4,710
53,019
238
5,684

61,010
14,607
4,471
33,711
398
4,090

62,492
14,296
2,471
38,125
473
2,421

75,080
17,798
4,984
40,218
396
4,395

232
4,198
265

1,598
2,921
1,325

3,314
2,507
3,865

5,348
2,681
3,683

385
106
441

6,302
25,819
11,537

3,216
3,196
4,191

2,504
871
1,964

1,212
557
1,965

753
2,379
1,576

3,514
753
3,022

12,478
2,671
4,155

29,465
4,686
10,029

68,250
11,932
21,091

60,889
11,856
15,961

13,253
2,799
3,495

260,597
45,273
80,293

83,906
15,969
23,785

57,029
15,365
12,735

37,803
10,521
9,054

37,289
8,874
9,938

48,473
8,996
13,760

204
1,245
61
337

310
4,729
203
1,567

909
8,745
336
1,996

844
7,014
427
3,895

107
3,012
31
277

2,526
46,496
2,227
11,371

1,232
13,454
62
6,021

660
10,665
148
1,878

656
4,661
66
1,628

727
4,080
203
2,379

742
5,464
423
4,138

475
3,332

922
7,019

3,447
19,795

2,050
18,843

470
3,061

5,270
67,144

2,084
21,297

1,446
14,131

833
10,385

963
10,123

1,450
13,500

10,579

16,240

38,222

30,481

7,757

173,884

47,088

34,243

23,206

25,204

26,607

539

608

1,743

2,165

115

19,425

8,776

2,190

1,667

2,284

4,093
52
1,004
807

82

19

5,082
1,894
7,608

175
3,008
1,001

218
123
650

95
90
262

40
247
1,037

907
2,071
1,864

353
406
3,835

346
81
772

710
173
337

228
494
239

261
1,582
389

179

301

126
403
421

19
215
126

93
27
186

127
157
510

2,773

2,609

9,799

8,373

3,923

51,523

20,872

8,417

5,665

5,336

7,652

408
45

509
50

3,497
265

4,124

2,814

23,202
4,276

5,917
4,366

3,568
78

1,507
55

1,219
494

1,034
2,802

34
1,890
396

141
1,542
368

362
5,019
656

557
2,749
943

80
899
130

1,083
16,617
6,345

395
4,432
5,762

695
2,712
1,365

1,086
1,767
1,249

300
2,243
1,080

412
2,403
1,001

8,344

14,239

30,166

24,273

3,949

141,786

34,992

28,016

19,210

22,152

23,048

1

1,011

39

499
118
455

34
22

CORPORATION

N et current operating earnings.............. ..

Georgia

INSURANCE

Salaries and wages— employees.......................
Fees paid to directors and members of execu­
tive, discount, and other committees. . . .
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income. ....................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

Florida

DEPOSIT

Other current operating earnings....................

District of
Columbia

FEDERAL

Interest on U . S. Government obligations..
Interest and dividends on other securities. .
Interest and discount on loans........................
Service charges and fees on bank’s loans.. .

Delaware

4.018
4.018

6.851
6.851

12.699
12.699

9.595
9.595

2,045
1,783
262

Net profits after incom e taxes........................

4,328

7,388

17,467

14,679

Dividends and interest on capital— to ta l. .
Dividends declared on preferred stock and
interest on capital notes and debentures, ,
Cash dividends declared on common stock. .

3.376

3.941

5,535

6,895

3.376

3.941

10
5,525

N et additions to capital from profits.........

951

3,447

Taxes on net in com e— t o t a l..........................
Federal....................................................................

15.393
15.393

11.269
11.269

6.890
6.890

9.434
9.434

7.868
7.868

1,904

85,556

19,600

16,746

12,320

12,720

15,181

1.264

32,856

7,086

6,406

3,898

4,800

4.205

2
6,894

1.264

68
32,788

13
7,073

30
6,376

1
3,897

29
4,772

1
4.205

11,931

7,783

639

52,700

12,515

10,340

8,422

7,919

10,974

123

5
2,279

3
977

1
335

648

14
425

470

81
889

219

214
1,182

35
1,505

206

2,432
2,790

205
1,672

133
1,098

915

176
637

1,583
860

Average assets and liabilities1
Assets— to ta l...........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities.....................................................
Loans and discounts...........................................
All other assets.....................................................

639.008
98,049
234,118
25,499
272,227
9,115

1,461,868
333,984
490,296
71,090
540,787
25,711

3,338,980
817,386
1,253,047
243,264
973,841
51,442

2,426,730
598,947
632,022
155,936
1,004,758
35,067

562,745 16,268,537
92,541 3,381,492
205,506 6,259,390
24,010 1,422,706
234,690 5,095,111
5,998
109,838

4,339,693
912,466
1,819,895
261,487
1,306,493
39,352

2,805,548
537,960
942,701
247,710
1,057,856
19,321

2,039,581
474,733
681,567
227,063
642,649
13,569

2,078,219
520,881
708,404
101,525
730,831
16,578

2,632,721
689,947
909,645
221,803
778,220
33,106

Liabilities and capital— to ta l..........................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities......................
Total capital accounts........................................

639,008
571,727
167,088
104,639
6,598
60,683

1,461,868
1,351,709
1,037,348
314,361
14,108
96,051

3,338,980
3,108,867
2,455,608
653,259
27,702
202,411

2,426,730
2,212,817
1,774,616
438,201
31,628
182,285

562,745 16,268,537
527,262 15,079,760
361,177 11,004,509
166,085 4,075,251
3,246
121,498
32,237 1,067,279

4,339,693
4,037,079
2,897,383
1,139,696
31,396
271,218

2,805,548
2,585,706
1,889,388
696,318
6,757
213,085

2,039,581
1,890,877
1,611,982
278,895
7,581
141,123

2,078,219
1,904,482
1,578,328
326,154
14,581
159,156

2,632,721
2,457,299
2,065,649
391,650
23,698
151,724

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 .. . .

282
1,483

438
3,182

1,622
8,029

1,690
5,963

365
1,338

5,137
25,014

2,280
8,498

2,378
5,168

1,798
3,620

1,583
4,154

1,125
4,934

Number of banks, December 3 1 ..........................

29

17

233

349

36

913

466

619

502

353

174

Note: Due to rounding differences, data may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.




BANKS

708

INSURED

3
331

O
F

151

DIVIDENDS

55

AN
D

On loans..................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities........................................................
On loans..................................................................

EXPENSES,

M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):

EARNINGS,

56.230
56.230

t— i

Table 114.

E a r n i n g s , E x p e n s e s , a n d D i v i d e n d s o f I n s u r e d C o m m e r c ia l B a n k s i n t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , b y S t a t e , 1955— Continued
(Amounts in thousands of dollars)

Oi

o
Earnings or expense item

Maine

Maryland Massachusetts Michigan Minnesota Mississippi

Missouri

Montana

Nebraska

New
Hampshire

Nevada

259,661
68,299
13,021
144,633
2,354
13,102

128,113
25,455
6,673
72,456
1,012
7,549

34,430
6,107
3,406
18,603
70
1,781

166,152
37,201
9,086
100,634
712
7,116

24,476
6,086
1,151
13,129
317
1,953

48,122
11,509
2,444
27,841
91
2,969

11,873
2,449
383
6,974
397
598

11,749
1,870
530
7,574
41
1,010

364
575
425

1,571
1,751
2,025

4,950
14,893
7,816

5,988
7,211
5,053

8,172
3,401
3,394

3,233
272
960

3,107
4,001
4,298

862
139
839

1,154
577
1,538

230
334
510

209
154
363

Current operating expenses— to ta l........
Salaries— officers............................................
Salaries and wages— employees.....................
Fees paid to directors and members of execu
tive, discount, and other committees. . .
Interest on time and savings deposits.........
Interest and discount on borrowed money.
Taxes other than on net income....................
Recurring depreciation on banking house
furniture and fixtures...............................
Other current operating expenses.............

14,530
2,279
3,926

40,203
5,935
12,776

104,424
17,332
37,250

163,803
22,981
54,975

83,252
18,505
21,888

23,019
5,738
5,864

97,199
19,063
28,837

15,428
3,431
3,923

28,738
8,662
7,299

7,302
1,298
2,645

7,934
1,464
1,873

222
3,346
20
635

603
6,740
155
2,140

933
7,905
555
4,043

1,404
30,351
708
8,626

1,087
16,203
1,023
1,626

425
2,283
45
1,463

1,243
12,892
952
3,893

138
1,623
51
1,573

534
1,673
260
1,035

15
1,160
352

148
1,683
16
278

352
3,751

1,264
10,591

3,557
32,851

4,878
89,879

1,486
21,436

596
6,605

2,712
27,607

413
4,276

795
8,481

248
1,583

224
2,249

6,507

22,971

68,313

95,859

44,862

11,412

68,954

9,047

19,385

4,571

3,815

967

2,646

16,286

6,219

3,508

952

5,413

1,734

1,717

162

524

41
25
135

166
495
1,208

430
3,584
7,120

419
71
1,207

831
488
696

158
78
126

1,183
1,055
1,245

455
51
415

449
11
417

32

88
165
157

145
487
135

208
156
413

596
2,949
1,606

274
2,246
2,002

989
35
469

271
60
259

684
889
358

557
163
94

271
189
380

125

50
32
32

2,387

8,051

28,805

25,000

9,996

3,853

18,505

3,352

4,723

520

1,121

655
129

4,550
102

10,769
2,543

7,787
2,658

4,112
139

1,191
202

9,031
2,215

686
488

902
598

74

568
40

176
723
705

112
2,174
1,113

416
10,781
4,297

520
11,556
2,481

920
3,289
1,537

322
1,580
558

949
4,898
1,412

568
1,311
299

479
1,708
1,035

5
254
188

69
381
62

5,086

17,565

55,794

77,077

38,374

8,510

55,862

7,429

16,379

4,213

3,218

N et current operating earnings..............
Recoveries, transfers from reserve ac­
counts, and profits— to ta l........................
On securities:
Recoveries..........................................................
Transfers from reserve accounts..................
Profits on securities sold or redeemed. . . .
On loans:
Recoveries..........................................................
Transfers from reserve accounts.................
All other.................................................................
Losses, charge-offs, and transfers to re­
serve accounts— to ta l.................................
On securities:
Losses and charge-offs....................................
Transfers to reserve accounts......................
On loans:
Losses and charge-offs....................................
Transfers to reserve accounts......................
All other.................................................................
N et profits before incom e taxes.




5

CO R PO R ATIO N

172,737
29,768
7,433
95,652
999
11,226

INSURANCE

63,174
15,484
2,694
34,746
189
4,715

DEPOSIT

21,036
3,790
789
13,649
110
1,334

FEDERAL

Current operating earnings— to ta l............
Interest on U. S. Government obligations.
Interest and dividends on other securities.
Interest and discount on loans......................
Service charges and fees on bank’s loans..
Service charges on deposit accounts.............
Other service charges, commissions, fees
and collection and exchange charges. .
Trust department..........................................
Other current operating earnings.............

Taxes on net incom e— to ta l............................
Federal....................................................................
State........................................................................

2.143
2.143

6,628
6,628

22,689
18,587
4,102

29.788
29.788

15.042
13.043
1,999

N et profits after incom e taxes........................

2,944

10,937

33,105

47,289

Dividends and interest on capital— to ta l. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .

1,493

5,052

18,797

16,319

5
1,488

15
5,037

15
18,782

N et additions to capital from profits.........

1,451

5,886

M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans..................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
On loans..................................................................

3
133

1.174
1.174

32,314

4,020

10,153

2,220

2,044

2,422

12,748

2,018

3,668

1,108

803

125
16,194

5
9,754

18
2,404

36
12,712

2,018

1
3,667

1,108

803

14,309

30,970

13,574

3,524

19,566

2,002

6,485

1,112

1,242

10
153

633

15
1,594

5
434

11
255

125
1,372

179

4
594

78

59

2
418

105
587

690
3,087

5,324
3,132

5
1,029

9
571

1,272
1,957

404

566
988

196

112

Average assets and liabilities1
Assets— to ta l...........................................................
Cash and due from banks..................................
United States Government obligations.........
Other securities.....................................................
Loans and discounts............................................
All other assets.....................................................

561,086
100,877
181,131
37,792
233,067
8,219

2,073,509
424,480
758,620
141,900
718,721
29,788

5,162,970
1,095,966
1,467,117
353,405
2,151,688
94,794

8,007,073
1,470,916
3,117,629
666,371
2,662,557
89,600

3,711,142
752,063
1,174,182
318,572
1,431,024
35,301

1,033,077
249,493
286,439
143,995
341,088
12,062

5,666,421
1,357,155
1,742,196
410,554
2,103,024
53,492

723,417
154,416
276,931
55,668
229,470
6,932

1,588,471
358,928
551,477
131,004
535,411
11,651

305,566
50,468
118,989
17,638
112,923
5,548

311,235
63,766
88,041
23,478
132,677
3,273

Liabilities and capital— to ta l..........................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities.......................
Total capital accounts........................................

561,086
507,521
296,225
211,296
4,698
48,867

2,073,509
1,915,160
1,400,581
514,579
15,874
142,475

5,162,970
4,621,569
8,890,501
731,068
93,845
447,556

8,007,073
7,443,184
4,438,675
3,004,509
91,890
471,999

3,711,142
3,409,672
2,328,105
1,081,567
37,683
263,787

1,033,077
954,525
782,821
171,704
4,944
73,608

5,666,421
5,238,161
4,286,520
951 M l
46,883
381,377

723,417
681,258
548,062
183,196
5,318
36,841

1,588,471
1,460,769
1,297,182
168,587
12,523
115,179

305,566
284,546
191,989
92,557
3,220
17,800

311,235
277,589
193,432
84,157
2,217
31,429

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 . . . .

373
1,630

940
5,012

1,970
13,651

2,485
17,318

2,849
8,093

911
2,367

2,863
10,757

497
1,539

1,367
2,884

178
931

245
782

Number of banks, December 3 1 ..........................

52

151

170

412

669

194

585

113

379

6

63

N ote: Due to rounding differences, data may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.




BANKS

5,946

9,759

INSURED

23,333

O
F

1.994
1.994

DIVIDENDS

6,226
6,226

AND

3,410
3,329
82

EXPENSES,

23,549
. 22,883
666

E AR N IN G S,

2.564
2.564

T a b le 1 1 4.
E a r n i n g s , E x p e n s e s , a n d D i v i d e n d s o f I n s u r e d C o m m e r c ia l B a n k s i n t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955—Continued
(Amounts in thousands of dollars)
New
Jersey

Earnings or expense item

New
Mexico

New
York

North
Carolina

North
Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode
Island

South
Carolina

87,384
14,567
5,410
50,443
1,124
4,615

19,309
4,729
765
9,821
143
1,264

307,855
77,728
16,699
165,843
2,816
15,937

74,524
13,964
4,100
45,478
248
5,256

67,162
12,576
4,109
40,531
614
5,225

446,579
88,011
33,793
255,423
2,913
15,648

30,270
5,442
1,113
17,986
3
1,255

30,109
6,394
1,575
16,520
64
2,411

2,696
6,545
6,210

461
209
464

27,767
96,833
56,731

6,267
2,659
2,303

2,073
79
437

5,227
11,847
11,759

1,256
710
3,513

1,166
1,378
1,564

6,465
29,538
14,788

343
2,445
1,682

2,211
420
514

Current operating expenses— to ta l..............
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of execu­
tive, discount, and other committees . . . .
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

141,535
20,388
43,629

11,884
2,401
3,607

701,284
92,768
262,185

54,565
11,643
15,280

11,622
3,236
2,629

197,085
27,863
55,462

44,020
11,068
11,767

43,647
7,361
13,179

267,977
43,060
84,763

20,709
2,672
6,357

18,311
4,386
5,707

1,876
27,099
421
7,620

119
1,569
1
585

4,094
92,211
7,584
19,998

494
7,767
536
1,666

141
1,969
20
315

1,948
41,146
991
17,990

493
4,680
348
909

155
11,635
181
983

4,121
42,499
1,497
12,462

212
4,598
64
1,220

274
1,435
27
328

5,323
35,180

535
3,067

13,766
208,678

1,880
15,301

279
3,034

4,851
46,832

1,681
13,075

1,438
8,714

8,463
71,109

633
4,954

642
5,512

Net current operating earnings.....................

62,236

6,143

499,726

32.820

7,687

110,772

30,504

23,515

178,603

9,561

11,798

7,495

379

61,536

3,265

556

11,606

1,565

997

16,619

1,258

332

157
1,130
1,381

2

92
3
238

25
15
207

1,924
2,783
1,836

25
220
275

10

25

1,498
11,416
9,305

996
1,738
6,306

360V
177

844
2,401
1,583

130
120
104

7,440
22,014
9,862

301
1,675
956

91
93
125

672
3,337
1,055

797
50
198

214
171

1,122
3,922
2,536

20
266
435

111
17
89

22,794

2,177

165,382

8,108

1,872

33,792

6,142

3,105

52,321

4,776

2,775

6,082
783

249
75

48,732
9,574

2,165
12

296

8,333
7,368

2,536
16

901

13,773
5,301

2,218

1,153
186

548
11,243
4,140

249
1,301
303

4,265
92,462
10,350

313
4,171
1,446

93
1,076
406

886
14,620
2,585

1,366
1,741
483

45
1,658
501

822
22,539
9,887

29
1,355
1,175

186
816
434

46,937

4,344

395,879

27,978

6,372

88,585

25,927

21,407

142,900

6,042

9,354

Recoveries, transfers from reserve ac­
counts, and profits— to ta l........................
On securities:
Recoveries........................................................
Transfers from reserve accounts.................
Profits on securities sold or redeemed. . . .
On loans:
Recoveries..........................................................
Transfers from reserve accounts ...........
All other.................................................................
Losses, charge-offs, and transfers to re­
serve accounts— to ta l.................................
On securities:
Losses and charge-offs....................................
Transfers to reserve accounts......................
On loans:
Losses and charge-offs....................................
Transfers to reserve accounts......................
All other.................................................................
Net profits before
 income taxes.


..................

603

55
1
59

CORPORATION

1,201,009
215,039
67,496
680,822
12,096
44,225

INSURANCE

18,026
3,911
325
10,918
224
1,515

DEPOSIT

203,771
45,071
15,368
113,184
1,168
13,529

FEDERAL

Current operating earnings— to ta l..............
Interest on U. S. Government obligations. .
Interest and dividends on other securities. .
Interest and discount on loans.........................
Service charges and fees on bank’s loans. . .
Service charges on deposit accounts...............
Other service charges, commissions, fees,
and collection and exchange charges.........
Trust department................................................
Other current operating earnings....................

Taxes on net incom e— to ta l............................
Federal....................................................................

15.178
15.178

1.997
1.997

163,414
145,622
17,792

11,671
11,224
447

2,832
2,718
114

31.815
31.815

10,267
9,610
658

9,819
8,155
1,664

58.144
58.144

2,143
1,913
280

4,125
3,818
308

15,660

11,588

84,757

3,899

5,228

21,963

5.407

5.893

46,732

2.365

2.441

722
12,953

1
919

1,198
146,377

1
5,535

1.720

20
21,943

5.407

5.893

21
46,711

2.365

2.441

Net additions to capital from profits.........

18,084

1,429

84,890

10,771

1,821

34,808

10,253

5,695

38,025

1,534

2,787

Memoranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans.................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
On loans.................................................................

29
897

308

1.961
6,746

182

157

148
1,579

664

252

46
2,012

90

94

1,003
2,060

568

15,134
23,294

1
741

391

13,946
2,243

1,191

572

4,252
6,303

374

63
288

Average assets and liabilities1
Assets— to ta l...........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities.....................................................
Loans and discounts...........................................
All other assets.....................................................

6,143,571
1,002,448
2,086,324
741,440
2,221,990
91,369

533,860 41,474,039
15] ,222 9,599,279
185,650 10,797,422
17,352 3,091,825
173,282 17,135,974
6,354
849,539

2,509,684
583,346
683,463
265,886
943,012
33,977

527,518 10,261,077
82,186 2,021,523
215,546 3,759,376
40,004
786,463
185,048 3,577,763
4,734
115,952

2,349,132
675,364
675,154
207,052
766,901
24,661

1,908,314
335,187
600,718
189,692
752,942
29,775

13,642,781
2,663,132
4,077,211
1,433,573
5,271,776
197,089

864,955
129,910
270,237
60,324
389,134
15,350

889,895
216,291
295,940
80,602
287,247
9,815

Liabilities and capital— to ta l..........................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities......................
Total capital accounts........................................

6,143,571
5,666,017
3,386,631
2,279,386
54,064
423,490

533,860 41,474,039
502,939 36,820,654
404,397 30,261,943
98,542 6,558,711
2,505 1,218,374
28,416 3,435,011

2,509,684
2,277,304
1,736,329
540,975
48,905
183,475

527,518 10,261,077
485,671 9,493,300
355,375 6,211,893
130,296 3,281,407
4,128
86,976
37,719
680,801

2,349,132
2,158,798
1,881,714
277,084
15,390
174,944

1,908,314
1,752,242
1,108,633
643,609
24,394
131,678

13,642,781
12,184,328
8,534,784
3,649,544
160,719
1,297,734

864,955
788,065
498,609
289,456
11,940
64,950

889,895
818,324
700,176
118,148
6,693
64,878

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 .. . .

2,457
14,588

326
1,330

8,007
74,407

1,601
5,726

537
1,126

3,531
18,423

1,741
4,545

1,043
4,165

5,420
28,858

284
2,330

679
2,242

Number of banks, December 3 1 ..........................

294

51

499

219

149

620

377

47

804

8

139

Note: Due to rounding differences, data may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.




BANKS

56,771

1.720

INSURED

3,541

5,536

O
F

16,307

147,575

DIVIDENDS

232,466

920

AND

2,347

13,675

EXPENSES,

31,759

E AR N IN G S,

N et profits after incom e taxes........................
Dividends and interest on capital— to ta l. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .

Ox

oo

T a b le 114.
E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s in t h e
U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , b y S t a t e , 1 9 5 5 — C o n tin u e d
(Amounts in thousands of dollars)
_____________________________________________________________________________ ____________________________________________________________
Earnings or expense item

South
Dakota

Tennessee

Texas

Vermont

Utah

Virginia

Washington

West
Virginia

Wisconsin

-

Cn
^

Wyoming

29,618
5,656
913
18,063
1,147
1,652

12,834
2,009
599
8,703
119
758

98,092
18,365
4,221
61,703
726
5,477

91,811
14,608
5,594
54,685
1,231
8,765

39,403
10,326
1,537
22,704
338
1,356

114,947
32,148
6,489
62,519
865
5,851

11,202
2,631
435
6,396
115
787

1,809
126
441

2,508
1,697
2,799

4,639
5,575
15,164

931
687
571

165
216
265

1,985
3,339
2,276

2,593
2,308
2,029

826
1,113
1,202

1,983
1,890
3,202

382
57
399

Current operating expenses— to ta l..............
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of execu­
tive, discount, and other committees. .. .
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

14,123
4,067
3,173

57,821
10,448
14,750

188,834
40,200
50,814

18,747
2,952
4,999

9,639
1,405
1,990

63,694
11,570
16,639

61,472
10,267
19,960

22,749
4,552
5,943

75,078
16,391
19,279

7,051
1,689
1,822

271
2,404
14
296

544
12,635
301
3,407

2,224
17,927
741
15,984

263
4,971
32
349

190
3,546
11
186

954
14,372
245
2,917

264
11,927
155
1,450

448
4,238
89
946

1,407
14,915
261
1,750

127
1,281
15
304

357
3,541

1,786
13,950

7,134
53,812

443
4,738

259
2,052

2,370
14,627

2,290
15,159

894
5,639

2,133
18,940

264
1,549

N et current operating earnings.....................

8,353

32,118

118,780

10,872

3,194

34,398

30,340

16,654

39,870

4,150

553

2,952

9,077

513

308

2,733

2,264

1,103

5,816

450

29
5
245

414
1,066
700

269
955
992

45
76
34

2
11
62

46
916
460

702
114
525

12
2
477

1,837
2,760
624

12

132
11
133

264
215
292

2,935
1,222
2,704

135
122
102

69
17
147

301
602
410

103
78
743

264
85
263

197
93
306

154
1
225

1,621

8,750

31,403

3,436

916

9,148

8,520

2,926

14,517

916

234

3,574
926

6,475
270

1,942

303
3

3,103
2,443

1,812
1,233

1,093
12

7,968
200

229

192
915
281

425
3,097
729

4,674
16,590
3,395

101
1,302
92

64
422
124

418
2,418
766

194
3,368
1,913

293
1,281
246

138
5,417
793

266
340
81

7,285

26,320

96,454

7,949

2,586

27,983

24,084

14,831

31,170

3,684

Recoveries, transfers from reserve ac­
counts, and profits— to ta l........................
On securities:
Recoveries..........................................................
Troncfora from taqafva
Profits on securities sold or redeemed. . . .
On loans:
Recoveries..........................................................
Transfers from reserve accounts.................
All other.................................................................
Losses, charge-offs, and transfers to re­
serve accounts— to ta l.................................
On securities:
Losses and charge-offs....................................
Htqr*afora fn rPQ
T
AfVA
On loans:
Losses and charge-offfe....................................
Transfers to reserve accounts......................
All other.................................................................
Net for FRASER
Digitized profits before income taxes....................


59

COR PO R ATIO N

307,612
53,102
15,073
192,804
5,622
15,636

INSURANCE

89,939
15,842
4,429
59,393
607
2,665

DEPOSIT

22,476
5,143
771
12,549
178
1,461

FEDERAL

Current operating earnings— to ta l..............
Interest on U. S. Government obligations..
Interest and dividends on other securities. .
Interest and discount on loans.........................
Service charges and fees on bank’s loans. . .
Service charges on deposit accounts...............
Other service charges, commissions, fees,
and collection and exchange charges.........
Trust department................................................
Other current operating earnings....................

Taxes on net incom e— to ta l............................
Federal....................................................................

3,084
2,924
160

11,009
10,817
192

39.831
39.831

3,189
3,057
131

972
874
98

10.507
10.507

9.909
9.909

N et profits after incom e taxes........................

4,201

15,311

56,624

4,760

1,615

17,476

Dividends and interest on capital— to ta l..
Dividends declared on preferred stock and
interest on capital notes and debentures..
Cash dividends declared on common stock. .

1,757

6,661

27,721

2,171

818

7,463

2
1,755

6,661

27,720

5
2,165

38
780

N et additions to capital from profits.........

2,444

8,650

28,903

2,590

10,922
10,557
365

1,621
1,621

14,175

8,552

20,248

2,063

5.923

3,012

7,562

723

45
7,417

5.923

2
3,011

94
7,468

6
717

797

10,014

8,253

5,539

12,685

1,340

2
394

462

148

7
493

91

284

378
899

47
5,744

401

2
127

2,300
1,036

1,301
686

321

37
1,146

11
99

Average assets and liabilities1
Assets— to ta l...........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities.....................................................
Loans and discounts............................................
All other assets.....................................................

628,722
113,519
249,998
35,813
224,033
5,359

2,757,349
710,987
755,910
187,680
1,064,940
37,832

10,260,753
3,063,452
2,553,969
580,742
3,869,998
192,592

846,272
183,458
274,115
44,630
334,646
9,423

330,963
47,013
92,189
28,097
159,595
4,069

2,808,329
607,761
873,424
191,966
1,093,340
41,838

2,519,914
525,945
668,256
241,625
1,048,215
35,873

1,180,715
253,198
468,283
70,636
374,640
13,958

3,913,947
714,966
1,502,943
311,606
1,346,264
38,168

349,762
85,360
134,996
19,942
106,289
3,175

Liabilities and capital— to ta l..........................
Total deposits........................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities......................
Total capital accounts........................................

628,722
582,086
486,638
145,458
3,207
43,429

2,757,349
2,539,570
1,860,012
679,558
25,995
191,784

10,260,753
9,508,908
8,198,805
1,310,608
73,067
678,778

846,272
787,443
528,260
259,183
7,318
51,511

330,963
296,632
119,241
177,391
2,511
31,820

2,808,329
2,571,804
1,674,237
897,567
26,878
209,647

2,519,914
2,329,511
1,655,775
673,736
24,682
165,721

1,180,715
1,062,040
754,201
807,839
10,401
108,274

3.913,947
3,634,821
2,213,158
1 , 421,668
19,207
259,919

349,762
324,613
248,226
76,887
1,965
23,184

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 . . . .

688
1,336

1,644
5,764

5,350
18,634

395
1,905

239
764

1,810
6,510

1,229
6,718

711
2,231

2,306
7,389

252
640

Number of banks, December 3 1 ..........................

171

292

899

51

61

316

100

177

547

53

N ote: Due to rounding differences, components may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.




BANKS

28

INSURED

123

O
F

67
2,896

DIVIDENDS

581

AND

195

EXPENSES,

M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans..................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
On loans..................................................................

E AR N IN G S,

6,280
6,280

Oi

Oi

Table 115.

I ncom e, E xpen ses,

D iv id e n d s of I n s u r e d M
(Amounts in thousands of dollars)

and

S a v in g s B a n k s ,

1951

1952

1951-1955

1953

1954

1955

801,682
150,657
99,190
528,426
51+5,81+1
15,623
1,792
7,322
-17
21+7
261+
8,171
7,933

Current operating expense— to ta l......................................................................................................................
Salaries— officers........................................................................................................................................................
Salaries and wages— employees.............................................................................................................................
Pension, hospitalization and group insurance payments, and other employee benefits........................
Fees paid to trustees and committee members................ ...................................................... .. . ...................
Occupancy, maintenance, etc. of bank premises (including taxes and recurring depreciation)— net.
Occupancy, maintenance, etc. o f bank prem ises (including taxes and recurring depreciation) — gross.
L e ss : In com e from bank bu ild in g .......................................................................................................................
Deposit insurance assessments..............................................................................................................................
Furniture and fixtures (including recurring depreciation).............................................................................
All other current operating expense.....................................................................................................................

106,654
18,030
37,707
8,939
1,872
11,589
IS,2 U
S
6,659
5,907
2,280
20,330

116,763
19,249
40,996
10,648
2,123
12,162
19,10U
6,91,2
6,203
2,387
22,995

127,336
21,142
44,351
11,566
2,303
13,521
20,926
7,1+05
6,837
2,445
25,171

139,931
22,870
48,074
12,623
2,526
15,019
22,1+95
7,1+76
7,562
2,755
28,502

147,678
24,200
50,879
13,544
2,697
15,094
22,793
7,699
7,979
2,790
30,495

Net current operating in co m e.............................................................................................................................

407,163

451,735

519,731

581,392

654,004

6.094
6.094

9,189
6,962
2,227

8,569
6,459
2,110

10,643
7,231
3,412

9,047
7,818
1,229

Net current operating income after taxes.

401,069

442,546

511,162

570,749

644,957

Dividends and interest on deposits.............

282,235

365,481

414,951

466,119

536,256

118,834

77,065

96,211

104,630

108,701

128,790
21,045

57,917
14,893

36,962
12,372

59,228
12,334

44,430
11,586

8,567
484
300
2,843

5,243
155
216
240

5,287
783
304
1,489

23,914
389
219
943

18,070
481
3,179
977

11,968
80,676
373
2,534

12,223
24,692
111
144

6,132
9,965
275
355

10,858
8,450
126
1,995

1,878
7,710
157
392

Interesl and discount on real estate mortgage loans—
L e ss : M ortgage servicing f e e s .................................................
P rem iu m amortization .................................................

Interest and discount on other loans and discounts— net
Income on real estate other than bank building— net
In com e on real estate other than bank building — gross. . .
L e ss : Operating exp e n se .........................................................
Income on other assets..............................................................
Income from service operations............................................

Franchise and incom e taxes— to ta l.
State franchise and income taxes . . . .
Federal income taxes.............................

N et current operating income after taxes and dividends.............................................................................
Non-recurring incom e, realized profits and recoveries credited to profit and loss, and transfers from
valuation adjustm en t provisions— to ta l.......................................................................................................
Non-recurring income.....................................................................................................................................................
Realized profits and recoveries on:
Securities sold or matured........................................................................................................................................
Real estate mortgage loans.......................................................................................................................................
Other real estate..........................................................................................................................................................
All other assets.............................................................................................................................................................
Transfers from valuation adjustment provisions1 on:
Securities........................................................................................................................................................................
Real estate mortgage loans.......................................................................................................................................
Other real estate..........................................................................................................................................................

All other assets.............................................................................................................................................................



C O R PO R ATIO N

721,323
155,869
96,205
447,022
1+61,769
11,922
2,825
6,642
86
292
206
7,746
7,753

INSURANCE

647,067
164,630
82,003
381,895
396,26k
9,1+83
1 ,886
+
5,184
77
338
261
7,171
6,107

DEPOSIT

568,498
163,879
62,958
326,785
31+0,1+97
7,666
6,01+6
4,068
102
5S3
1+
31
5,833
4,873

Current operating incom e— to ta l..............................
Interest on U. S. Government obligations................
Interest and dividends on other securities................
Interest and discount on real estate mortgage loans- -net.

FEDERAL

513,817
171,169
49,630
279,405
291,790
6.051
6,331+
3,878
163
699
536
5.052
4,520

16
5

Sources and disposition of incom e

utual

N et additions to total surplus accounts from operations.

25,264
179
20
200

25,875
176

12,773

112

21,673
636

62

28,333
152
39
106

49
551

823

52,574
18,580
37
2,913

14,359
15,474
63
4,100

10,639
17,005
11
2,066

12,403
20,380
7
4,496

10,630
19,219
42
3,174

123,133

50,959

62,666

98,808

86,746

445
274

135
69

15
33
10
1

220
41

23
50

110

1

101

105

218

9,175
255
294
108

14,581
882
206
616

12,523
469

7,527
166
234
45

4,250
326
180
326

16.694.810
662,190
7,292,576
1,662,971
6,764,780
79,331
3,386
229,576

17.905.674
728,979
6,755,471
2,064,761
8,012,488
85,996
2,675
255,304

19.625.429
744,369
6,620,535
2,591,176
9,288,364
102,768
2,432
275,785

21.872.622
874,215
6,755,391
3,015,662
10,802,477
120,350
2,957
301,570

22.740.783
809,152
5,993,243
3,008,656
12,467,355
130,165
2,019
330,193

24

17.905.674
16,102,806

19.625.429
17,718,957

21.872.622
19,738,300

22.740.783
20,577,403

1 6 ,0 8 0 ,0 1 5
22 ,791

1 7 ,6 8 8 ,7 7 7
3 0 ,1 8 0

1 9 ,6 9 4 ,9 8 1
4 3 ,3 1 9

80,463
1,613,414

93,253
1,709,615

119,359
1,787,113

159,912
1,974,410

2 0 ,5 2 5 ,6 2 9
5 1 ,7 7 4

1,714
11,530

1,810
11,932

1,908
12,525

1,999
13,227

2,042
13,618

219

218

220

202

199,228
1,964,152

1 Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” .
2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures, 1 9 3 4 -1 9 5 0 : Data for 1934-1950, which however are not comparable with figures for 1951-1955, may be found in the following Animal Reports: 1950, pp. 272-273,
and 1941, p. 173.




BANKS

16.694.810
15,000,933
1 4 ,9 8 2 ,4 1 1
1 8 ,5 2 2

INSURED

Number of banks, December 31.

66,385
10,087

O
F

Number of active officers, December 31. . .
Number of other employees, December 31.

65,050
14,279

DIVIDENDS

Liabilities and surplus accounts— total.
Total deposits.................. ................................
Savings and time d eposits ..........................
D em an d d eposits ...........................................
Other liabilities................................................
Total surplus accounts...................................

70,507
12,156

AND

Average assets and liabilities2
Assets— to ta l....................................................
Cash and due from banks..........................
United States Government obligations. .
Other securities..............................................
Real estate mortgage loans........................
Other loans and discounts..........................
Other real estate............................................
All other assets..............................................

84,023
23,804

E X P E N S E S,

Mem oranda
Recoveries credited to valuation adjustm en t provisions1 (not included in recoveries above) on :
Securities.
Real estate mortgage loans.....................................................................................................................................................
Other real estate........................................................................................................................................................................
All other assets...........................................................................................................................................................................
Realized losses charged to valuation adjustm en t provisions1(not included in realized losses above) on
Securities.
Real estate mortgage loans.
Other real estate....................
All other assets.......................

124,491
24,724

EAR N IN G S.

Non-recurring expense, realized losses charged to profit and loss, and transfers to valuation ad­
ju stm e n t provisions— to ta l.........................................................................................................................................
Non-recurring expense............................................................................................................................................................
Realized losses on:
Securities sold.......................................................................................................................................................................
Real estate mortgage loans...............................................................................................................................................
Other real estate..................................................................................................................................................................
All other assets.....................................................................................................................................................................
Transfers to valuation adjustment provisions1 on:
Securities................................................................................................................................................................................
Real estate mortgage loans...............................................................................................................................................
Other real estate..................................................................................................................................................................
All other assets.....................................................................................................................................................................

Oi

Table 116.

R

a t io s

of

In com e, E xpen ses,

and

D

iv id e n d s

of

I nsured M

Sources and disposition of incom e

utual

1951

S a v in g s B a n k s ,

1952

1951-1955

1953

1954

1955

$100.00
21.61
13.34
61.97
.92
1.09
1.07

$100.00
18.79
12.37
65.92
.91
1.02
.99

Current operating expense— to ta l.......................................................................................................................................
Salaries— officers.........................................................................................................................................................................
Salaries and wages— employees
......................
..................................................................................
Pension, hospitalization and group insurance payments, and other employee benefits........................................
Fees paid to trustees and committee members..................................................................................................................
Occupancy, maintenance, etc. of bank premises (including taxes and recurring depreciation)— net.................
Deposit insurance assessments...............................................................................................................................................
Furniture and fixtures (including recurring depreciation)..............................................................................................
All other current operating expense......................................................................................................................................

20.76
3.51
7.34
1.74
.36
2.26
1.15
.44
3.96

20.54
3.39
7.21
1.87
.37
2.14
1.09
.42
4.05

19.68
3.27
6.85
1.79
.35
2.09
1.06
.38
3.89

19.40
3.17
6.67
1.75
.35
2.08
1.05
.38
3.95

18.42
3.02
6.35
1.69
.34
1.88
.99
.35
3.80

Net current operating in co m e..............................................................................................................................................

79.24

79.46

80.32

80.60

81 58

Franchise and incom e taxes— to ta l....................................................................................................................................
State franchise and income taxes...........................................................................................................................................
Federal income taxes.................................................................................................................................................................

1.18
1.18

1.62
1.23
.39

1.32
1.00
.32

1.47
1.00
.47

1.13
.98
.15

N et current operating incom e after taxes.......................................................................................................................

78.06

77.84

79.00

79.13

80.45

Dividends and interest on deposits....................................................................................................................................

54.93

64.29

64.13

64.62

66.89

Net current operating income after taxes and dividends........................................................................................

23.13

13.55

14.87

14.51

13.56




CO R PO R ATIO N

$100.00
25.44
12.67
59.02
.80
1.12
.95

INSURANCE

$100.00
28.83
11.07
57.48
.72
1.04
.86

DEPOSIT

Interest and discount on real estate mortgage loans— net.............................................................................................
Interest and discount on other loans and discounts— net...............................................................................................
Income on other assets.............................................................................................................................................................
Income from service operations..............................................................................................................................................

$100.00
33.31
9.66
54.38
.75
1.02
.88

FEDERAL

A m ounts per $100 of current operating incom e

Am ounts per $100 of total assets1
Current operating income— total..........................................................................................................................................
Current operating expense— total.........................................................................................................................................
Net current operating income................................................................................................................................................
State franchise and income taxes..........................................................................................................................................
Net current operating income after taxes...........................................................................................................................
Dividends and interest on deposits.......................................................................................................................................
Net current operating income after taxes and dividends...............................................................................................
Non-recurring income, realized profits and recoveries credited to profit and loss, and transfers from valuation
adjustment provisions2 total................................................................................................................................................
—
Non-recurring expense, realized losses charged to profit and loss, and transfers to valuation adjustment pro­
visions2 total.............................................................................................................................................................................
—
Net additions to total surplus accounts from operations....................................................................................................

2.43
3.05
4.08
4.73
2.27
2.98

Assets— to ta l...........................................................................................................................................
Cash and due from banks.................................................................................................................
United States Government obligations.........................................................................................
Other securities. .*................................................................................................................................
Real estate mortgage loans...............................................................................................................
Other loans and discounts.................................................................................................................
Other real estate..................................................................................................................................
All other assets.....................................................................................................................................

100.00
3.97
43.68
9.96
40.52
.48
1.37

.01

.01

1.43

1.41

1.38

1.45

Liabilities and surplus accounts— to ta l....................................................................................
Total deposits.......................................................................................................................................
Savings and time deposits...............................................................................................................
Demand deposits...............................................................................................................................
Other liabilities.....................................................................................................................................
Total surplus accounts.......................................................................................................................

100.00

100.00

100.00
90.28
90.13
.15
.61
9.11

100.00
90.24
90.0U

.48
9.67

89.93
89.80
.13
.52
9.55

.73
9.03

100.00
90.49
90.26
.23
.87
8.64

Number of banks, December 3 1 ..........................................................................................................

202

206

219

218

220

.27

.19

.30
.45

.29
.38

2.49
3.16
4.11
5.04
2.35
3.51

2.31
3.19
4.14
5.52
2.37
5.00

2.51
3.30
4.24
5.63
2.61
4.42

100.00

100.00

4.07
37.73
11.53
44.75
.48

3.79
33.74
13.20
47.33
.52

100.00
4.00
30.88
13.79
49.39
.55

100.00
3.56
26.36
13.23
54.82
.57

Special ratios1
Interest on U. S. Government obligations per $100 of U. S. Government obligations........
Interest and dividends on other securities per $100 of other securities....................................
Interest and discount on real estate mortgage loans per $100 of real estate mortgage loans
Interest and discount on other loans and discounts per $100 of other loans and discounts.
Dividends and interest on deposits per $100 of savings and time deposits..............................
Net additions to total surplus accounts from operations per $100 of total surplus accounts
Assets and liabilities per $100 of total assets1

.02

89.85
89.7 U
.11

.01

.20

.01

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
5 Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” .
Back figures, 193U and 19U1-1950: Data for 1934 and 1941-1950, which however are not comparable with figures for 1951-1955, may be found in the following Annual Reports:
1950, pp. 274-275, and 1947, pp. 156-157.




BANKS

2.35
2.98
4.13
4.89
1.88
7.63

.19
.36
.32

INSURED

.47
.28

2.11

O
F

.74
.74

.49

.05
2.61
2.13
.48

3.53
.65
2.88
.04
2.84
2.36
.48

2.66

DIVIDENDS

.32

3.30
.64

AND

.77

3.30
.65
2.65
.05
2.60

EXPEN SES,

3.17
.65
2.52
.05
2.47
2.04
.43

E A R N IN G S,

3.08
.64
2.44
.04
2.40
1.69
.71

D

e p o s it

Insurance D

is b u r s e m e n t s

Table 117.

Disbursements, deposits, and depositors in insured banks placed in receivership
and in insured banks of which deposits were assumed by another insured bank
with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955
Banks grouped by class of bank, year of receivership or deposit assumption, amount
of deposits, and State

Table 118.

Assets and liabilities, at date of closing, of insured banks placed in receivership
and of insured banks of which deposits were assumed by another insured bank
with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955

Table 119.

Name, location, Federal Deposit Insurance Corporation disbursement, and assets
and liabilities, insured banks placed in receivership or of which deposits were
assumed by another insured bank with the financial aid of the Corporation, 1955

Table 120.

Recoveries and losses by the Federal Deposit Insurance Corporation on potentially
recoverable disbursements for protection of depositors in insured banks placed in
receivership and in insured banks of which deposits were assumed by another
insured bank with the financial aid of the Corporation, 1934-1955




DEPOSIT

No noninsured bank failed in 1955. For suspensions of noninsured
banks in previous years see the Annual Reports of the Corporation
as follows: 1943, p. 102; 1946, p. 167; 1947, p. 159; 1949, p. 187; 1950,
p. 277; 1951, p. 187; 1952, p. 139; 1953, p. 131; and 1954, p. 165.
Sources o f data
Insured banks: books of bank at date of closing; and books of FDIC,
December 31, 1955.

D IS B U R S E M E N T S




Noninsured bank failures
INSURANCE

Disbursem ents by the Federal Deposit Insurance Corporation
to protect depositors are made when insured banks in financial
difficulties are placed in receivership, or when the deposits of a failing
bank are assumed by another insured bank with the financial aid of the
Corporation. In receiverships the disbursement is the amount paid by
the Corporation on insured deposits. In deposit assumption cases the
principal disbursement is the amount loaned to failing banks, or the
price paid for assets purchased from them; additional disbursements
are made in those cases as advances for protection of assets in process
of liquidation and for liquidation expenses.

Table 117. D is b u r s e m e n t s , D e p o s it s , a n d D e p o s it o r s in I n s u r e d B a n k s P l a c e d i n R e c e i v e r s h i p a n d i n I n s u r e d B a n k s o f w h ic h
D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A id o f t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n , 1 9 3 4 -1 9 5 5
BAN KS GROUPED B Y CLASS OF B A N K , YEAR OF RECEIVERSHIP OR DEPOSIT ASSUMPTION, AMOUNT OF DEPOSITS, AND STATE

Disbursements by FDIC
(in thousands of dollars)
Deposit ass umption cases

Classification

Deposits
(in thousands of dollars)1

Number of banks
Re­
ceiver­
ships

Deposit
assump­
tion
cases

Receiver­
ships

Deposit
assump­
tion
cases

Number of depositors1

Receiver­
ships

Deposit
assump­
tion
cases4

197,303

46,383

429

249

180

571,907

116,088

455,819

1,410,609

390,808

1,019,801

Class of bank
61,894
State banks members F. R . S. 120,473
Banks not members F. R . S .. 152,822

17,759
20,934
52,810

38,075
80,271
78,957

6,060
19,268
21,055

75
22
332

23
6
220

52
16
112

117,153
187,656
267,098

24,079
26,537
65,472

93,074
161,119
201,626

295,992
368,424
746,193

61,049
82,818
246,941

234,943
285,606
499,252

Year
1934
1935.............................................
1936.............................................
1937.............................................
1938.............................................

941
9,162
15,715
20,042
35,381

941
6,025
8,056
12,044
9,092

2,865
6,725
7,116
21,387

272
934
882
4,902

9
25
69
75
74

9
24
42
50
50

1
27
25
24

1,968
13,320
27,508
33,349
59,684

1,968
9,091
11,241
14,960
10,296

4,229
16,267
18,389
49,388

15,767
44,655
89,018
130,387
203,961

15,767
32,331
43,225
74,148
44,288

12,324
45,793
56,239
159,673

1939.............................................
1940.............................................
1941.............................................
1942.............................................
1943.............................................

85,373
91,366
25,356
11,901
7,244

26,197
4,895
12,278
1,612
5,500

41,573
69,239
11,602
9,213
1,672

17,603
17,232
1,476
1,076
72

60
43
15
20
5

32
19
8
6
4

28
24
7
14
1

157,772
142,430
29,717
19,185
12,525

32,738
5,657
14,730
1,816
6,637

125,034
136,773
14,987
17,369
5,888

392,718
256,361
73,005
60,688
27,371

90,169
20,667
38,594
5,717
16,917

302,549
235,694
34,411
54,971
10,454

1944.............................................
1945
1946
1947
1948
1949

1,540
1,865
276
2,003
3*188
2/717

404

1,099
1,768
265
1,724
2,990
2,552

37
97
11
279
198
165

2
1
1
5
3
4

1

1
1
1
5
3
4

1,915
5,695
347
7,040
10,674
5,475

456

1,459
5,695
347
7,040
10,674
5,475

5,487
12,483
1,383
10,637
18,540
5,671

899

4,588
12,483
1,383
10,637
18,540
5,671

1950
1951
1952
1953
1954
1955.............................................

4,414
2,002
1,547
5,333
975
6,848

4,459

3,986
1,885
1,369
5,017
913
2,343

428
117
178
316
62
46

4
2
3
2
2
5

4

4
2
3
2
2
1

5,502
3,408
3,171
18,262
997
11,963

6,498

5,502
3,408
3,171
18,262
997
5,465

6,365
5,276
6,752
24,469
1,807
17,808

8,086

6,365
5,276
6,752
24,469
1,807
9,722

Banks with deposits of—
$100,000 or less........................
$100,000 to $250,000..............
$250,000 to $500,000..............
$500,000 to $1,000,000...........

5,145
13,056
15,179
35,440

4,308
11,554
10,223
16,232

690
1,352
4,365
17,201

147
150
591
2,007

107
109
59
M

83
86
36
27

24
23
23
36*

6,426
17,759
20,976
52,618

4,947
13,920
12,462
20,374

1,479
3,839
8,514
32,244

38,350
83,370
89,949
162,577

29,695
65,512
56,777
67,217

8,655
17,858
33,172
95,360

$1,000,000 to $2 ,000,000. . ..
$2,000,000 to $5,000,000. . -.
^in Ann non
^O nnnjU U lO ^lU^Uvv , v U v . . •
iU U non
U U
$10,000,000 to $25,000,000. .
$25,000,000 to $50,000,000. .

34,356
54,422
28 175
51 >45
98,371

8,961
14,549

22,179
34,392
23,4.00
2ojo71
73,653

3,216
5,481
4,775
5,298
24,718

42
30
i > *01'
Z.
5
4

9
6

83
24
10
3
4

60,554
92,047
65,397
96,712
159,418

11,748
19,993

48,806
72,054
65,397
64,068
159,418

193,531
229,544
170,841
170,119
272,328

54,324
56,112

139,207
173,432
170,841
108,948
272,328




25,676

2

!i

Total

32,644

Total

61,171

C O R PO R ATION

91,503

Total

INSURANCE

335,189

All b anks......................................

Liquidation
Principal* expenses and
advances

DEPOSIT

Re­
ceiver­
ships2

FEDERAL

Total

Florida...............
Georgia.............
Idaho.................
Illinois.................
Indiana...............

313
941
1,507
9,903
6,580

203
846
1,507
1.242
3,096

7,983
3,101

678

Iowa....................
Kansas.............. .
Kentucky.........
Louisiana..........
Maine................

1,569
1,046
5,579
668
2,389

385
482
3,329

1,071
492
2,126

Maryland.........
Massachusetts. .
Michigan..........
Minnesota..........
Mississippi.

3,480
2,594
7,036
640
257

735

Missouri............
Montana...........
Nebraska............
New Hampshire
New Jersey.

5,058
660
469
125
100,913

4,335
186
469

646
453

25,103

118
55,657

New York........
North Carolina.
North Dakota. .
Ohio.....................
Oklahoma.........

78,128
2,559
2,859
1,882
2,547

10,835
1,156
1,397
1,610
1,133

Oregon...............
Pennsylvania. . .
South Carolina.
South D akota...
Tennessee...........

1,043
60,722
284
2,421
1,303

10,133
136
2,388
1,164

Texas...................
Vermont.............
Virginia...............
Washington........
West Virginia. ..

3,629
3,467
5,412
1,447
1,458

* 1,458

Wisconsin...........
Wyoming............

7,500

5,096

8

221

995
144
861

81
48
138

3
6
2
1
2

1
5
1
1
2

2,286
1,764
4,792
8
1,526

101
1,168
3,714

2
9
2
18
20

1
7
2
6
15

491
1,089
1,892
27,321
13,594

217
998
1,892
1,637
3,932

113
72
124

6
9
23
3
1

3
5
18
3

5,516
1,233
8,886
1,652
5,465

498
539
3,954
1,652

371
1,030
747

5
2
8
5
3

2

4,566
3,019
13,531
818
334

828

7
20,153

46
5
4
1
38

34
3
4
11

7,149
1,095
538
296
192,417

56,499
1,231
1,259
258
1,311

10,794
172
203
14
103

25
7
29
3
8

3
2
18
2
5

962
41,159
138
24
114

81
9,430

1
29
2
23
12

8
1
22
8

2,343

139
640
257

3,292
3,259
511

2,374
1,564
6,150

293
186
4,396
935
2,092

202

10
9
25
44

3
5
3

505
512

19
3
8
1
3

17
2
3

312
19

31
1

20

22

3

1 Adjusted to December 31, 1955.
2 Includes estimated additional disbursements.
* Excludes excess collections turned over to banks as additional purchase price at termination of liquidation.
4 Number of deposit accounts.




8

2,185
596
1,078

7,906
4,433
7,525
10

1,526

794
3,529
4,356

10

7,112
904
3,169

5,379

5,379

1,642
8,387
2,443
43,291
30,006

448
7,773
2,443
5,372
12,549

13,665
5,145
36,134
6,087
9,722

1,676
2,254
18,490
6,087

3,738
3.019
13,371

22,567
9,046
31,663
2.650
1.651

6,643

5,116
215
538

2,033
880

1,169
651

296
161,502

26,760
849
2,224

30,915

34,929
1,500
2,224
1,780
520,380

101,614

1,780
418,766

138,811
3,266
3,830
3,139
4,371

13,286
1,421
1,552
2,345
1,659

125,525
1,845
2,278
794
2,712

259,889
10,408
14,103
8,544
10,795

28,440
3,677
6,760
7,585
5,874

231,449
6,731
7,343
959
4,921

1,302
75,746
850
2,988
1,942

14,340
136
2,862
1,620

1,302
61,406
714
126
322

2,209
166,893
1,848
12,515
12,358

43,828
403
11,412
9,993

2,209
123,065
1,445
1,103
2,365

686
350
10,127
1,536

21,149
11,057
26,041
4,179
8,346

3,545
2,033

26,898
3,212

4,817
3,725
10,756
1,536
2,006
9,511
2,033

274
91
25,684
9,662
5.018
694
4,932
‘ 5,465

160
818
334

4,131
3,375
629
’ 2,006
5,966

1,194
614
37,919
17,457
11,989
2,891
17,644
' 9,722

928
2.650
1.651

19,621
8,687
2,964
' 8,346
18,739

15,924
9,046
30,735

1,528
2,370
23,077
4,179

D IS B U R S E M E N T S

1,242

94
841
2,128
8
1.242

INSURANCE

1,170
1,033
3,127

DEPOSIT

State
Alabama...........
Arkansas..........
California.........
Colorado.............
Connecticut. . . .

8,159
3,212

a
03

14
6
Table 118. A s s e t s a n d L i a b i l i t i e s , a t D a t e o f C l o s i n g , o f I n s u r e d B a n k s P l a c e d i n R e c e i v e r s h i p a n d o f I n s u r e d B a n k s o f w h i c h
D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A i d o f t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n , 1934-1955

Year

$132,064,456

$92,943,183

RECEIVE RSHIP CASI lS
$ 24,205,175 $12,015,898
T otal

Total

1934-19504
1955

22,620,382
1,584,793

10,154,078
1,861,820

DEPOSIT ASSUMPTKON CASES
$107,859,281 $80,927,285
T otal
99,322,369
886,937
552,710
4,485,650
88,414
2,523,201

70,452,646
625,657
781,093
8,326,289
141,600
600,000

Other
real
estate

$75,312,261 $251,089,926

$22,912,474

$59,581,863

$16,101,189 $ 67,760,615

Loans,
discounts,
and
overdrafts

$ 5,479,914

$12,293,686

65,569,217
2,191,398

5,375,616
104,298

12,293,686

$59,211,072 $183,329,311

$17,432,560

$47,288,177

17,123,404
34,502
35,121
141,556
1,306
96,671

47,270,110

15,946,562
154,627

58,421,346
6,450
40,728
660,548
2,000
80,000

172,461,339
1,484,869
924,419
4,878,142
884,925
2,695,617

18,067

Other
liabilities

Capital
stock

Other
capital
accounts1

$14,112,814 $648,016,977 $568,522,233

$11,723,520

$64,218,7252

$3,552,499

$ 8,383,170 $146,239,647 $113,872,482

$10,129,736

$18,290,5453

$3,946,884

107,374,564
6,497,918

10,122,023
7,713

18,150,545
140,000

4,642,916
-696,032

$ 5,729,644 $501,777,330 $454,649,751

$ 1,593,784

$45,928,1805

$-394,385

423,518,622
3,408,095
3,006,036
18,262,055
990,283
5,464,660

1,553,625
8,659
8,908
22,339
13
240

45,321,180
85,000
62,000
250,000
50,000
160,000

-39,030
-451,846
-688,553
276,823
97,380
410,841

Other
assets

8,330,507
52,663

5,303,183
11,493
54,320
319,032
19,431
22,185

Total

140,290,048
5,949,599

470,354,397
3,049,908
2,388,391
18,811,217
1,137,676
6,035,741

Total
deposits

1 Includes surplus, undivided profits, and reserve funds, minus deficit, if any, as determined after adjustment of books of banks for liabilities discovered by agents of the FDIC.
2 Includes R .F .C . capital of $25,180,114.
3 Includes R .F .C . capital of $5,896,246.
4 No insured bank was placed in receivership from 1944 through 1954. For data by years see Annual Report of the Corporation for 1950, p. 280.
6 Includes R .F .C . capital of $19,283,868.
6 For data by years see Annual Report of the Corporation for 1954, p. 168.




CORPORATION

1935-19506
1951
1952
1953
1954
1955

Banking
house,
furniture &
fixtures

Other
securities

INSURANCE

U. S. Gov­
ernment
obligations

DEPOSIT

Cash and
due from
banks

FEDERAL

Liabilities and capital accounts

Assets

Table 119.
in

N a m e , L o c a t io n , F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n D is b u r s e m e n t , a n d A s s e t s a n d L i a b il it ie s , I n s u r e d B a n k s P l a c e d
R e c e i v e r s h i p o r o f w h i c h D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A i d o f t h e C o r p o r a t i o n , 1955

Case
number

Name and location

Receivership
246

Number of
depositors
or
accounts1

Class of bank

Date of closing or
deposit
assumption

First payment to
depositors, or
disbursement by
FDIC

First National Bank of
Lewisville, Lewisville, Texas

National

1,239

January 27,1955

February 7, 1955

247

Rathdrum State Bank,
Rathdrum, Idaho

State bank not
member F. R . System

1,157

April 30, 1955

248

Bank of North Idaho,
Priest River, Idaho

State bank not
member F. R. System

1,300

249

Joshua Monument National
Bank of Twentynine Palms,
Twentynine Palms, Calif.

National

Frontier Trust Company,
Fort Fairfield, Maine

State bank not
member F. R. System

Federal Deposit Insurance
Corporation

May 10, 1955

713,095

Federal Deposit Insurance
Corporation

April 30, 1955

May 11,1955

794,509

Federal Deposit Insurance
Corporation

4,381

July 25, 1955

August 8, 1955

2,127,769

Federal Deposit Insurance
Corporation

9,722

October 3, 1955

October 3, 1955

2,343,167

Northern National Bank of
Presque Isle, Maine

Assets3

T o ta l___
Receivershiip
246

Cash and
due from
banks

U. S. Gov­
ernment
obligations

$4,107,994

$2,461,820

Other
securities

Loans,
discounts,
and
overdrafts

$234,627

$4,887,015

Liabilities and capital accounts3
Banking
house,
furniture &
fixtures

$200,969

Other
real
estate

$18,067

Other
assets

$74,848

Total

Deposits

$11,985,340

$11,962,578

Other
liabilities

$7,953

Capital
stock

Other
capital
accounts

$300,000

$-285,191

134,072

300,000

14,800

248,737

6,338

17,009

720,956

891,548

25,000

-195,592

247

212,370

153,000

63,828

563,027

11,060

13,398

1,016,683

909,443

1,676

25,000

80,564

248

115,900

135,000

73,899

748,835

22,295

5,385

1,101,314

983,013

2,468

40,000

75,833

249

1,122,451

1,273,820

2,100

630,799

64,605

16,871

3,110,646

3,713,914

3,569

50,000

-656,837

Deposit
assumpt on
180
2,523,201

600,000

80,000

2,695,617

96,671

22,185

6,035,741

5,464,660

240

160,000

410,841

s

18,067

At date of closing. Number of depositors in receivership cases; number of deposit accounts in deposit assumption case,
a ^ece^
ve^s^P cases includes disbursements made to December 31, 1955, plus estimated additional disbursement.
As determined by FDIC agents after adjustment of books of bank for liabilities discovered subsequent to closing.




D IS B U R S E M E N T S

Case
number

INSURANCE

$823,948

DEPOSIT

Deposit
assumption
180

Receiver or
assuming bank

Disburse­
ment2

T a b le 12 0 .
D

R e c o v e r i e s a n d L o s s e s b y t h e F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n o n P o t e n t i a l l y R e c o v e r a b l e
P r o t e c t i o n o f D e p o s it o r s i n I n s u r e d B a n k s P l a c e d i n R e c e i v e r s h i p a n d i n I n s u r e d B a n k s o f w h i c h
D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w it h t h e F i n a n c i a l A id o f t h e C o r p o r a t i o n , 1 9 3 4 -1 9 5 5

is b u r s e m e n t s

for

(Amounts in thousands of dollars)
All cases

Deposit assumption cases
FDIC disbursement3

Num­
ber
of
banks

FDIC
disburse­
ment

Re­
Estimated
coveries additional Losses1
to Dec.
recoveries
31, 1955

Num­
ber
of
banks

FDIC
disburse­
ment2

Num­
ber
of
banks

Re­
Estimated
coveries additional
to Dec.
31,1955 recoveries

Liquida­
tion ex­
Principal
penses
and
advances

Re­
Estimated
coveries additional Losses1
to Dec.
recoveries
31, 1955

4,341

28,108

249

91,503

75,114

1,858

14,531

180

197,303

46,383

227,626

2.483

13,577

139,855
195,334

126,130
176,610

4,341

9,384
18,724

4
245

4,459
87,044

2,248
72,866

1,858

353
14,178

35
145

108,993
88,310

26,403
19,980

123,882
103,744

2.483

390

9,031
4,546

Year
193 4
193 5
193 6
193 7
193 8

941
9,162
15,715
20,042
35,381

734
6,425
13,249
16,490
32,956

207
2,716
2,459
3,552
2,425

941
6,025
8,056
12,044
9,092

734
4,274
6,596
9,517
7,908

207
1,751
1,460
2,527
1,184

1
27
25
24

2,865
6,725
7,116
21,387

272
934
882
4,902

2,151
6,653
6,973
25,048

21
7

965
999
1,025
1,241

193
194
194
194
194

9
0
1
2
3

85,373
91,366
25,356
11,901
7,244

78,200
87,215
24,696

7,157
3,892
595
689
124

26,197
4,895
12,278
1,612
5,500

20,399
4,313
12,065
1,320
5,376

5,798
582
213
292
124

28
24
7
14
1

41,573
69,239
11,602
9,213
1,672

17,603
17,232
1,476
1,076
72

57,801
82,902
12,631
9,892
1,744

16
259
65

1,359
3,310
382
397

194
194
194
194
194
194

4
5
6
7
8
9

1,540
1,865
276
2,003
3,188
2,717

1,500
1,865
276
1,741
2,548
2,345

40

404

364

40

1,099
1,768
265
1,724
2,990
2,552

37
97

188

1
1
1
5
3
4

279
198
165

1,136
1,865
276
1,741
2,548
2,345

188

74
640
369

195
195
195
195
195
195

0
1
2
3
4
5

4,414
2,002
1,547
5,333
975
6,848

2,999
1,909
651
5,326
562
2,721

25
83
76
6
118
3,474

4

3,986
1,885
1,369
5,017
913
2,343

428
117
178
316
62
46

2,999
1,909
651
5,326
562
473

25
83
76
6
118
1,616

11,212

16
259
65

7,120

74
640
1,390

10

2

820
295
653

3
2
4,459

2,248

1,858

353

2
1

11

3

1,390
10
820

N o te : Because of rounding, components may not add precisely to totals.
1 Includes estimated losses in active cases. Not adjusted for interest or allowable return, which was collected in some cases in which the disbursement was fully recovered.
2 Includes estimated additional disbursements.
3 Excludes excess collections turned over to banks as additional purchase price at termination of liquidations.




295
300

CO R P O R A TIO N

302,740

INSURANCE

335,189

Status
Active.
Terminated

DEPOSIT

429

T o ta l..........

FEDERAL

Liquidation
status and
year of
receivership
or
deposit
assumption

Receivership cases







I n d e x

Page

Page
Accounts

Expenses.....................................
146
Insured banks.............................3, 110
3,
47-58, 62-75, 86-87, 90-95
Admission to insured status. See
Liabilities....................................
126
Insured status.
Arkansas:
Accounts................. 62, 66, 70, 72, 90
Alabama:
Accounts............... 62, 66, 70, 72, 90
Assets..........................................
126
Assets..........................................
126
Bank(s), operating................. 110, 118
Bank(s), operating................. 110, 118
Bank branches............................ 110
Deposits
Bank branches............................ 110
Deposits
62, 76, 80, 82, 86, 90, 118, 126
62, 76, 80, 82, 86, 90, 118-126
vi
District office..............................
Dividends.................................... 146
District office..............................
vi
Earnings...................................... 146
Dividends.................................... 146
Examiner.....................................
vi
Earnings...................................... 146
Examiner.....................................
vi
Expenses.....................................
146
Insured banks............................ 3, 110
Expenses.....................................
146
Legislation...............................101-104
Insured banks.............................3, 110
Liabilities.................................... 126
Legislation................................... 101
Liabilities....................................
Receiverships.............................. 163
126
Assessment decisions................... 99, 100
Receiverships.............................. 163
Assets. See Bank(s), commercial;
Alaska:
Bank(s), operating; Bank(s),
127
Assets..........................................
placed in receivership; Bank(s),
Bank(s), operating.....................
117
savings; Federal Deposit In­
Bank branches............................ 117
surance Corporation.
Deposits.................................. 119, 127
Audit Division:
District office..............................
vi
Educational program.................
Dividends.................................... 146
19
Employees...................................
19
Earnings...................................... 146
Examiner.....................................
vi
Audit report (FDIC, 1955) ........... 20-22
Automobile instalment paper.
Expenses.....................................
146
Insured banks............................ 3, 117
See Loan(s).
Liabilities....................................
127
Bank(s), all. See Bank(s),
All banks. See Bank(s), operating.
operating.
American Institute of Banking,
correspondence courses..............19, 20
Bank(s), commercial:
American Samoa:
Assets and liabilities...............122-127
127
Assets..........................................
Categories............................... 106-107
Deposit(s)
Bank(s), operating..................... 117
Bank branches............................ 117
33-34, 118-119, 123, 125-127
Insured...................122, 124, 128, 130
Deposits.................................. 119, 127
accounts.................................. 90, 91
Liabilities....................................
127
distributions........................66-75
Applications:
(for) Insured status.................... 7-8
assets and liabilities............123-131
deposits
Other...........................................
8
33-34, 118-119, 123, 125-127, 130
Types..........................................
7-8
distributions........................76-85
Areas outside Continental
United States:
interest on........... 38, 40, 134-155
Assets and liabilities..................
127
earnings and expenses........ 134-155
Deposits......................................
119
expense ratios..........39-40, 134-155
Earnings and expenses.......... 146, 147
income, sources and
Number................... 108, 110, 117, 119
disposition........................... 35-36
number
Arizona:
Accounts................. 62, 66, 70, 72, 90
108, 110, 112, 114, 116, 118-119
Assets..........................................
126
profits....................... 42-43, 134-155
Bank(s), operating..................... 110
salaries and wages........ 40, 134-155
(by) States. See Names of
Bank branches............................ 110
Deposits
individual States.
62, 76, 80, 82, 86, 90, 118, 126
Noninsured:
District office..............................
vi
assets and liabilities. . .31, 122, 125
Dividends.................................... 146
capital accounts............34, 123-125
Earnings...................................... 146
deposits......................... 34, 123-125
Examiner....................................
vi
Number........................... 108, 110-119




169

170

FEDERAL

D EP O S IT IN S U R A N C E

Bank(s), insured:
Accounts............................... 48, 62-65
changes, 1934-1955.................54-58
Assessment rate paid b y ..........
11
Assets and liabilities..........8, 128, 130
Bank examinations.....................
4
Deposit(s)............. 3, 27, 48, 51, 62-65
changes, 1984-1955.................54-58
Deposit information request,
(1955)............................8, 47, 59-61
Disbursements for protection of
depositors. .9-11, 162-163, 165-166
Earnings.....................37-38, 132-159
Examination reports, review of
4
Expenses..................... 37-38, 132-159
Income.........................35-44, 132-159
Growth, 1947-1955................. 35-37
Income credit, (for) adjusted
net assessment income...........12, 13
Insurance coverage.....................47-48
Insured status termination........
4
actions, 1936-1955..................
6
Legislation concerning. .17-18, 99-104
Main office,
change of location................... 100
Number insured............... 48, 108-119
Official advertising statement. . 100
Receivership. See Bank(s),
placed in receivership.
Termination proceedings, invol­
untary, 1955...........................
6
See also Areas outside the Con­
tinental United States; Names
of individual States.
Bank(s), national:
Assets and liabilities statements .8,121
Dividends........................... 8, 138-141
Earnings..............................8, 138-141
Examination reports, review. . .
4
Expenses............................. 8, 138-141
Number................................... 108-117
Bank(s), new:
Admission to insured status. . . 7, 108
Proposed, investigation o f.........
4
Bank(s), noninsured:
Assets..................... 8, 30-31, 122, 124
Capital accounts.........................
34
Deposits............................ 34, 118-119
Liabilities..........................8, 123, 125
Number...........................108, 110-119
Trust companies, non-deposit
27, 107-119, 122-125
Bank(s), operating:
Absorption.................................. 25-26
Admission to insured status,
application for.........................
7
Assets..........................................
120
components................... 28, 122-125
gro vvth..................................... 27-29
statistics..................................8, 120
Capital accounts........ 33-35, 123, 125
Classification.................. 106, 108, 109
Classification changes................ 108
Consolidations............................ 25-26
Deposits............................27, 106, 118
components................... 32, 123-125



C O R PO R A T IO N

Page
growth..................................... 31-33
statistics..................................8, 120
(by) FDIC District................118, 126
Insurance status......................... 26-27
Loans...........................29-30, 122, 124
Mergers....................... 25-26, 162-165
Number...... 25-26, 106, 108, 109, 118
Offices.......................... 25-26, 108-117
(by) State................................110-120
Bank(s), placed in receivership:
1955.............................................9, 165
1934-1955 ...................... 9-11, 162-164
Disbursements by FDIC
9-10, 162-163, 165-166
Losses of depositors...................
11
Bank(s), savings:
Deposits, insured........................
50
Guaranty (New Hampshire)
“ savings deposit” , amended
18
meaning...............................
Mutual:
Insured....................................108, 110
accounts.......................86-87, 94-95
additions to surplus................
44
assets.............30, 122, 124, 128, 130
losses on...............................41-42
deposits.........33, 88-89, 94-95, 118
dividends on....... 38, 40, 156, 158
earnings and expenses. .38, 156-157
expense ratios................. 39-40, 158
income..................... 35, 38, 156-157
surplus accounts...............33, 36, 44
Noninsured............................. 108-119
assets.......................30, 31, 122, 124
deposits......... 33, 118-119, 123, 125
liabilities............................. 123, 125
surplus accounts...........33, 123, 125
Bank(s), State:
Assets statements.......................
8
Dividends........................... 8, 138, 140
Earnings and expenses. . . . 8, 138, 140
Examination reports review. . . .
4
Liabilities statements.................
8
Number................................... 108-117
Bank branches............................109-117
Classification changes................ 109
Discontinued............................ 26, 109
Number.............................25, 109-117
Opened for business................. 26, 109
Proposed, examination o f ..........
4
(by) States.............................. 110-117
Bank capital. See Capital accounts.
Bank examinations.........................
4
Bank examiners..................... vi, 18-20
Bank failures.................... 9-11, 161-165
Bank management:
Unsafe and unsound practices,
citation for..............................
5
Bank of North Idaho, Priest
River, Idaho............................... 165
Bank statements....................8, 121, 133
Banking legislation. . . . . 17-18, 101-104
Charter changes.........................
101
Checks......................................... 104
Collections................................... 103
Deposits......................................
102

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Page
Directors..................................... 104
Employees................................... 104
Federal........................................17, 99
Holidays...................................... 104
Investments................................ 102
Loans........................................... 102
Officers........................................
104
Operating provisions, general. . 102
Organization changes................. 101
Reserves...................................... 103
(by) States.............................. 101-104
Supervisory authority................ 101
Taxation...................................... 104
Trust activities........................... 103
Trustees....................................... 104
Banking offices:
classification............................106-109
number changes..........25-26, 108-109
Banking practices, unsafe and
unsound:
citations for................................. 4-6
Board of Directors......................... v, 18
Branches. See Bank branches.
California:
Accounts.................. 62, 66, 70, 72, 90
Assets.......................................... 126
Bank(s), operating................. I l l, 118
Bank branches............................ I l l
Deposits.. .62, 76, 80, 82, 86, 118, 126
District office..............................
vi
Dividends.................................... 146
Earnings...................................... 146
Examiner.....................................
vi
Expenses.....................................
146
Insured banks............................ 3, 111
Legislation...............................101-104
Liabilities.................................... 126
Receiverships......................... 163, 165
Capital, citations for inadequate. .
5
Capital accounts and ratios
33-35, 123, 125, 131, 136, 141, 145
Checks, legislation concerning. . . . 104
City (ies):
Insured accounts............64-65, 68, 87
Insured banks.......................51, 64-65
Insured deposits
17, 51, 53, 64-65, 78, 89
Civil Service Retirement System..
19
Collections, legislation concerning 104
Colorado:
Accounts.................. 62, 66, 70, 72, 90
Assets..........................................
126
Bank(s), operating.................I l l, 118
Bank branches............................ I l l
Deposits
62, 76, 80, 82, 86, 90, 118, 126
vi
District office..............................
Dividends.................................... 146
Earnings...................................... 146
Examiner....................................
vi
Expenses.....................................
146
Insured banks............................ 3, 111
Legislation.............................. 101, 104
Liabilities.................................... 126
Receiverships.............................. 163



171

Page
Commercial banks. See Bank(s),
commercial.
Connecticut:
Accounts............ 62, 66, 70, 72, 86, 90
Assets..........................................
126
Bank(s), operating................. I l l, 118
Bank branches............................ I l l
Deposits
62, 76, 80, 82, 88, 90, 118, 126
District office..............................
vi
Dividends.................................... 146
Earnings...................................... 146
Examiner.....................................
vi
Expenses.....................................
146
Insured banks............................ 3, 111
Legislation...............................101-104
Liabilities....................................
126
Receiverships.............................. 163
Controller’s Office, employees.......
19
Credit and collection policies, lax
and hazardous, citations for. . . .
5
Delaware:
Accounts............ 62, 66, 70, 72, 86, 90
Assets..........................................
126
Bank(s), operating................. I l l, 118
Bank branches............................ I l l
Deposits.. .62, 76, 80, 82, 88, 118, 126
vi
District office..............................
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 111
Legislation.............................. 101, 102
Liabilities....................................
126
Deposit(s). See Bank(s), insured;
Bank(s), operating; Bank(s),
savings; Names of individual
States.
Deposit accounts............................45-58
Coverage limit............................47, 54
“ fully protected”
48-50, 53-55, 62-65, 90-95
55
Growth........................................
Size..............................................
56
Deposit insurance fund. 12, 15-17, 21-22
Depositor (s):
Accounts in different rights and
capacities.................................47-48
Disbursements for protection
9-10, 160-163, 165-166
Insurance protection..................47-58
Losses o f......................................
11
Number o f.............................48, 54-56
Directors. See Board of Directors.
Directors, legislation concerning.. 104
District of Columbia:
Accounts.................. 62, 66, 70, 72, 90
Assets..........................................
126
Bank(s), operating..................... I l l
Bank branches............................ I l l
Deposits.. .62, 76, 80, 82, 86, 118, 126
District office..............................
vi
Dividends.................................... 148

172

FEDERAL DEPOSIT INSURANCE CORPORATION

Page
Earnings......................................
Expenses.....................................
Insured banks............................3,
Liabilities....................................

148
148
111
126

Earnings. See Bank(s), commer­
cial, earnings and expenses;
banks, savings, mutual, insured.
Employees, legislation concerning. 104
Employee benefits and programs
of F D IC ...................................... 19-20
Examination(s). See Bank exa­
minations.
Examination Division:
Activities, 1954-1955..................
4
Educational program................. 19-20
Employees...................................18-19
Examiners. See Bank examiners.
19
Executive Offices, employees........
Expenses. See Bank(s), commer­
cial, earnings and expenses.
FDIC. See Federal Deposit In­
surance Corporation.
Federal Deposit Insurance Act
4, 11, 17, 47
Audit...........................................
17
Credit to insured banks............ 11, 22
Federal Deposit Insurance
Corporation:
Actions to terminate insured
status....................................... 4-6
Address........................................
v
Administration....................... iv, v, 18
Administrative expenses............
13
Admission to insured status. . . .
7
Applications acted upon............ 7-8
Assessment income.....................11-14
Assets.................................... 14-15,21
Audit...........................................
17
Audit report................................20-22
Authority, delegation o f ..........18, 100
Board of Directors...............iv, v, 18
Disbursements to protect de­
positors. . . .9-10, 160-163, 165-166
District office (s ).........................
vi
Districts (map)...........................
vii
Districts:
Bank(s), operating, grouped
by:
assets...................................
126
deposits............................118-126
liabilities.............................. 126
number............................ 118-126
Employees...................................18-19
benefits and programs.. . . 19-20, 22
Examinations..............................
4
Expenses..................................... 12-14
Income.......................... 11-14, 22, 166
Insurance protection provided
b y ........................................ 3, 47-49
Legal developments. . . . 17-18, 99-100
Liabilities.............................. 14-15, 21
Officials...................................
v, vi
Organization..........................iv, 18-19



Risk concentration......... 16-17, 51-53
Rules and regulations:
amendments..............17-18, 99-100
assessment decisions...............
99
100
delegation of authority..........
payment of deposits...............
99
Supervisory activities................
4-8
Federal deposit insurance fund.
See Deposit insurance fund.
Federal Employees Group Life
Insurance Act (1954).................
19
Federal legislation......................... 17, 99
Federal Register, Amended FDIC
rules and regulations. . . 17-18, 99-100
Federal Reserve System:
Members:
dividends................................. 139
earnings and expenses........ 138-141
insured without application. .
7
national....................... 108, 110-117
State............................ 108, 110-117
First National Bank of Lewisville,
Lewisville, Texas........................ 165
Florida:
Accounts.................. 62, 66, 70, 72, 90
Assets..........................................
128
Bank(s), operating............... .
Ill
Bank branches............................ I l l
Deposits.. .62, 76, 80, 82, 90, 118, 126
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 111
Legislation...............................101-104
126
Liabilities....................................
Receiverships.............................. 163
Frontier Trust Company, Fort
Fairfield, Maine.......................... 165
Georgia:
Accounts.................. 62, 66, 70, 72, 90
Assets..........................................
126
Bank(s), operating.....................
Ill
Bank branches............................ I l l
Deposits.. .62, 76, 80, 82, 90, 118, 126
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
148
Expenses.....................................
Insured banks............................ 3, 111
Legislation...................... 101, 102, 104
Liabilities....................................
126
Receiverships.............................. 183
Guaranty savings banks. See
Bank(s), savings.
Hawaii:
Assets..........................................
Bank(s), operating................. 117,
Bank branches............................
Deposits.................................. 119,
District office..............................

127
119
117
127
vi

173

IN D EX

Page
Examiner.....................................
Liabilities....................................
Holidays, legislation concerning. .

vi
127
104

Idaho:
Accounts.................. 62, 67, 71, 73, 91
Assets..........................................
126
Bank(s).......................................
I ll
Bank branches............................ I l l
Deposits.. .62, 77, 81, 83, 91, 118, 126
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 111
Legislation...............................102-104
Liabilities....................................
126
Receiverships..........................163, 165
Illinois:
Accounts.................. 62, 67, 71, 73, 91
Assets..........................................
126
Bank(s), operating..................... I l l
Bank branches............................ I l l
Deposits.. .62, 77, 81, 83, 91, 118, 126
vi
District office..............................
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 111
Legislation...............................101-103
Liabilities....................................
126
Receiverships.............................. 163
Indiana:
Accounts............ 62, 67, 71, 73, 86, 91
Assets..........................................
126
Bank(s), operating.....................
112
Bank branches............................ 112
Deposits.62, 77, 81, 83, 88, 91, 118, 126
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 112
Legislation.............................. 101, 104
126
Liabilities....................................
Receiverships.............................. 163
Insured status:
Admission t o ...............................
7
Termination proceedings, 1955. .
6
Investments:
Citation for unsound.................
5
Legislation concerning........... 102-103
Iowa:
Accounts.................. 62, 67, 71, 73, 91
Assets..........................................
126
Bank(s), operating..................... 112
Bank branches............................ 112
Deposits.. .62, 77, 81, 83, 91, 118, 126
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148



Insured banks.............................3, 112
Legislation...............................102-103
Liabilities....................................
126
Receiverships.............................. 163
Joshua Monument National Bank,
Twentynine Palms, California. .

165

Kansas:
Accounts.................. 62, 67, 71, 73, 91
Assets..........................................
126
Bank(s), operating.....................
112
Bank branches............................ 112
Deposits.. .62, 77, 81, 83, 91, 118, 126
vi
District office..............................
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 112
Legislation...............................101-104
Liabilities....................................
126
Receiverships.............................. 163
Kentucky:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating.....................
112
Bank branches............................ 127
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner.....................................
vi
148
Expenses.....................................
Insured banks.............................3, 112
Liabilities....................................
127
Receiverships.............................. 163
Law violations:
Actions to terminate insured
status, 1986-1955....................
6
Citations for...............................
4-6
Legal Division, employees.............
19
Legislation. See Banking
legislation.
Liquidation, legislation concerning 104
Liquidation Division, employees. .
19
Loan(s):
Agricultural................................ 29, 30
Automobile instalment..............
30
Citations for unsound................
5
Commercial.................................
30
(and) Discounts............. 122, 124, 129
Distribution o f............................29-30
Income rate on. .38-39, 137, 141, 159
30
Increase (1955)...........................
Industrial....................................
30
Instalment................................ 30, 121
102
Legislation concerning...............
“ other loans to individuals” . . . .
30
Real estate....... 29, 39, 122, 124, 129
Losses on assets
40-42, 134-135, 138-139, 142-143, 157
Louisiana:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127

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FEDERAL

D EP O SIT

IN SU R A N C E

Page
Bank(s), operating..................... 112
Bank branches............................ 112
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 148
Earnings...................................... 148
Examiner....................................
vi
Expenses.....................................
148
Insured banks............................ 3, 112
Liabilities....................................
127
Receiverships.............................. 163
Louisiana State University, School
of Banking of the South, courses
19
Maine:
Accounts............ 63, 67, 71, 73, 86, 91
127
Assets..........................................
Bank(s), operating..................... 112
Bank branches............................ 112
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 150
Earnings...................................... 150
Examiner....................................
vi
Expenses.....................................
150
Insured banks............................ 3, 112
Legislation...............................101-104
Liabilities....................................
127
Receiverships.............................. 163
Mariana Islands:
Assets..........................................
127
Bank(s), operating................. 117, 119
Bank branches............................ 117
Deposits.................................. 119, 127
Liabilities....................................
127
Maryland:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating..................... 113
Bank branches............................ 113
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
Expenses.....................................
150
Insured banks.............................3, 113
Legislation.............................. 101, 104
Liabilities....................................
127
Receiverships.............................. 163
Massachusetts:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating.....................
113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
vi
District office..............................
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
Expenses.....................................
150
Insured banks.............................3, 113
Legislation...............................101-103



C O R PO R A T IO N

Liabilities....................................
127
Receiverships..............................
163
Mergers. See Banks, operating.
Michigan:
Accounts.................. 63, 67, 71, 73, 91
127
Assets..........................................
Bank(s), operating.....................
113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
vi
District office..............................
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
Expenses.....................................
150
Insured banks............................ 3, 113
Legislation...............................102-104
Liabilities....................................
127
Receiverships.............................. 163
Minnesota:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating.....................
113
Bank branches............................ 113
Deposits
63, 77, 81, 83, 88, 91, 119, 127
vi
District office..............................
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
Expenses.....................................
150
Insured banks............................ 3, 113
Legislation...............................101-104
127
Liabilities....................................
Receiverships.............................. 163
Mississippi:
Accounts.................. 63, 67, 71, 73, 91
127
Assets..........................................
Bank(s), operating..................... 113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
Expenses.....................................
150
Insured banks.............................3, 113
127
Liabilities....................................
Receiverships.............................. 163
Missouri:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends................................ .. 150
Earnings.................................. . . 150
Examiner...................................
vi
Expenses.....................................
150
Insured banks............................ 3, 113
Legislation.......................101, 103-104
Liabilities....................................
127
Receiverships.............................. 163
Montana:
Accounts.................. 63, 67, 71, 73, 91
Assets........................................... 127

IN D E X

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Bank(s), operating..................... 113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
vi
District office..............................
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
Expenses.....................................
150
Insured banks............................ 3, 113
Legislation...............................103-104
Liabilities....................................
127
Receiverships.............................. 163
Mutual savings banks. See Bank(s),
savings.
National banks. See Bank(s),
national.
Nebraska:
Accounts.................. 63, 67, 71, 73, 91
127
Assets..........................................
Bank(s), operating..................... 113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
150
Expenses.....................................
Insured banks............................ 3, 113
Legislation.............................. 101, 104
Liabilities.................................... 127
Receiverships.............................. 163
Nevada:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 113
Bank branches............................ 113
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 150
Earnings...................................... 150
Examiner.....................................
vi
150
Expenses.................................
Insured banks............................ 3, 113
Legislation...............................103-104
Liabilities.................................... 127
New Hampshire:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), guaranty savings........ 6, 18
Bank(s), operating..................... 114
Bank branches............................ 114
Deposits
63, 77, 81, 83, 88, 91, 119, 127
vi
District office..............................
Dividends.................................... 150
Earnings...................................... 150
Examiner....................................
vi
Expenses.....................................
150
Insured banks............................ 3, 114
Legislation...............................102-103
Liabilities....................................
127
Receiverships.............................. 163
New Jersey:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127



175

Page
Bank(s), operating.....................
114
Bank branches............................ 114
Deposits
63, 77, 81, 83, 88, 91, 119, 127
vi
District office..............................
Dividends.................................... 152
Earnings...................................... 152
Examiner....................................
vi
Expenses.....................................
152
Insured banks............................ 3, 114
Legislation...............................101-103
Liabilities....................................
127
Receiverships.............................. 163
New Mexico:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 114
Bank branches............................ 114
Deposits.. .63, 77, 81, 83, 91, 119, 127
vi
District office..............................
Dividends.................................... 152
Earnings...................................... 152
Examiner....................................
vi
Expenses.....................................
152
Insured banks.............................3, 114
Legislation...............................101-104
Liabilities....................................
127
New York (City):
Insured deposits.........................51, 64
New York (State):
Accounts............ 63, 67, 71, 73, 86, 91
127
Assets..........................................
114
Bank(s), operating.....................
Bank branches............................ 114
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks............................ 3, 114
Legislation.............................. 102, 103
Liabilities....................................
127
Receiverships.............................. 163
Noninsured banks. See Bank(s),
noninsured.
North Carolina:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
114
Bank(s), operating.....................
Bank branches............................ 114
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks.............................3, 114
Legislation...................... 101, 102, 104
Liabilities....................................
127
Receiverships.............................. 163
North Dakota:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 114

176

FEDERAL DEPOSIT INSURANCE CORPORATION

Bank branches............................ 114
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks.............................3, 114
Legislation.............................. 102, 103
Liabilities....................................
127
Receiverships.............................. 163
Officer(s), legislation concerning. . 104
Ohio:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating..................... 115
Bank branches............................ 115
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks............................ 3, 115
Legislation...............................101-103
Liabilities....................................
127
Receiverships.............................. 163
Oklahoma:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 115
Bank branches............................ 115
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks............................ 3, 115
Liabilities....................................
127
Receiverships.............................. 163
Operating banks. See Bank(s),
operating.
Operating earnings and expenses.
See Bank(s), commercial;
Bank(s), savings, mutual,
insured.
Oregon:
Accounts............ 63, 67, 71, 73, 86, 91
127
Assets..........................................
Bank(s), operating..................... 115
Bank branches............................ 115
Deposits
63, 77, 81, 83, 88, 91, 119, 127
vi
District office..............................
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks.............................3, 115
Legislation...............................101-102
127
Liabilities....................................
Receiverships.............................. 163



Page
Panama Canal Zone:
Assets..........................................
127
Bank(s), operating................. 117, 127
Bank branches............................ 117
Deposits.................................. 119, 127
Liabilities....................................
127
Pennsylvania:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating..................... 115
Bank branches............................ 115
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks.............................3, 115
Legislation...............................101-103
127
Liabilities....................................
Receiverships.............................. 163
Profit (s)........... 42-43, 135-136, 139-145
Puerto Rico:
Assets...................................... 121, 127
Bank(s), operating................. 117, 127
Bank branches............................ 117
Deposits.................................. 119, 127
District office..............................
vi
Dividends.................................... 146
Earnings...................................... 146
Examiner.....................................
vi
Expenses...................................... 146
Insured banks.............................3, 117
Liabilities................................ 121, 127
Rathdrum State Bank,
165
Rathdrum, Idaho.......................
Receivership. See Bank(s), placed
in receivership.
Reports from banks:
Assets and liabilities
8, 106-107, 120-121
Earnings
8, 106-107, 133
Insured accounts and deposits
8, 47, 59-61
Research and Statistics Division,
employees....................................
19
Reserves, legislation concerning. . 103
Reserves for losses
31, 40-42, 122, 124, 129
Rhode Island:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating.....................
115
Bank branches............................ 115
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks.............................3, 115
Liabilities....................................
127

IN D E X

177

Page

Page

19

Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating.....................
115
Bank branches............................ 115
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner.....................................
vi
Expenses...................................... 154
Insured banks.............................3, 115
Legislation...............................101-104
127
Liabilities....................................
Receiverships..........................163, 165
Treasury U. S., borrowing power. .
22
Trust activities, legislation con­
cerning ......................................... 103
Trust companies. See Banks,
operating.
Trustees, legislation concerning. . 104

Rutgers University, Graduate
School of Banking, courses. . . .

Savings banks. See Bank(s),
“ savings deposit,” amended
meaning...................................... 18, 99
Securities. .28-29, 37, 122, 124, 126-128
Size of bank, deposit:
Earnings data......................... 142-145
Insured accounts and deposits
49-52, 57, 64, 68, 74-75,
78, 84-85, 89, 92, 94
Social Security A ct........................
19
South Carolina:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 115
Bank branches............................ 115
Deposits.. .63, 77, 81, 83, 91, 119, 127
vi
District office..............................
Dividends.................................... 152
Earnings...................................... 152
Examiner.....................................
vi
Expenses.....................................
152
Insured banks............................ 3, 115
Legislation.............................. 102, 103
Liabilities....................................
127
Receiverships.............................. 163
South Dakota:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 115
Bank branches............................ 115
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner.....................................
vi
154
Expenses.....................................
Insured banks.............................3, 115
Legislation...............................101-103
127
Liabilities....................................
Receiverships.............................. 163
State (s):
Banking legislation.................101-104
Banks of deposit, insured. .3, 110-117
See also names of individual
States.
State banks. See Bank(s), State.
Taxation, legislation concerning..
Tennessee:
Accounts.................. 63, 67, 71, 73,
Assets..........................................
Bank(s), operating.....................
Bank branches............................
Deposits.. .63, 77, 81, 83, 91, 119,
District office..............................
Dividends....................................
Earnings......................................
Examiner....................................
Expenses.....................................
Insured banks............................ 3,
Legislation...................................
Liabilities....................................
R eceiverships..............................



104
91
127
115
115
127
vi
154
154
vi
154
115
102
127
163

Unsafe and unsound banking
practices. See Banking practices.
Utah:
Accounts...................63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating.....................
116
Bank branches............................ 116
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner.....................................
vi
Expenses.....................................
154
Insured banks.............................3, 116
Legislation................................... 104
Liabilities....................................
127
Valuation reserves. See Reserves
for losses.
Vermont:
Accounts............ 63, 67, 71, 73, 86, 91
127
Assets..........................................
Bank(s), operating.....................
116
Bank branches............................ 116
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner.....................................
vi
Expenses.....................................
154
Insured banks.............................3, 116
Legislation................................... 101
Liabilities....................................
127
Receiverships..............................
163
Violation(s). See Law violations.
Virgin Islands:
Assets..........................................
127
Bank(s), operating................. 117, 127
Bank branches............................ 117
Deposits.................................. 119, 127
District office..............................
vi
Examiner.....................................
vi
Liabilities....................................
127

178

FEDERAL

D E P O S IT

IN SU R A N CE

C O R PO R A T IO N

Page

Page

Virginia:
Accounts...................63, 67, 71, 73, 91
127
Assets..........................................
Bank(s), operating.....................
116
Bank branches............................ 116
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner.....................................
vi
Expenses.....................................
154
Insured banks.............................3, 116
Liabilities....................................
127
Receiverships.............................. 163

Earnings...................................... 154
Examiner.....................................
vi
154
Expenses.....................................
Insured banks.............................3, 116
Legislation...............................103-104
127
Liabilities....................................
Receiverships.............................. 163
Wisconsin:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating................... . 116
Bank branches............................ 116
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner.....................................
vi
Expenses.....................................
154
Insured banks.............................3, 116
Legislation...............................101-102
127
Liabilities....................................
Receiverships.............................. 163
Wisconsin, University of, School
19
of Banking, courses....................
Wyoming:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating.....................
117
Bank branches............................ 117
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner....................................
vi
Expenses.....................................
154
Insured banks.............................3, 117
Legislation...............................101-104
Liabilities....................................
127
Receiverships.............................. 163

Washington:
Accounts............ 63, 67, 71, 73, 86, 91
Assets..........................................
127
Bank(s), operating.....................
116
Bank branches............................ 116
Deposits
63, 77, 81, 83, 88, 91, 119, 127
District office..............................
vi
Dividends.................................... 154
Earnings...................................... 154
Examiner....................................
vi
Expenses.....................................
154
Insured banks............................ 3, 116
Legislation...............................101-104
127
Liabilities....................................
Receiverships.............................. 163
West Virginia:
Accounts.................. 63, 67, 71, 73, 91
Assets..........................................
127
Bank(s), operating..................... 116
Bank branches............................ 116
Deposits.. .63, 77, 81, 83, 91, 119, 127
District office..............................
vi
Dividends.................................... 154