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1084 FEDERAL RESERVE BULLETIN CHANGES IN THE NUMBER OF NATIONAL AND STATE BANKS 1921-1936 During the years 1921-1936 the number of national and State banks 1 in operation decreased by 14,238, from 29,206 at the beginning of 1921 to 14,968 at the end of 1936. The number of national banks decreased during the 16-year period from 8,124 to 5,325, or by 2,799, and the number of State banks decreased from 21,082 to 9,643, or by 11,439. The net decrease of 14,238 during the period 1921-1936 in the number of operating national and State banks is accounted for principally by the suspension of 14,344 banks, the consolidation, merger, or absorption of 6,852 banks, and the liquidation of 1,141 banks. The decreases were offset in part by the organization of 4,601 new banks during the period, the reopening of 1,905 suspended banks, and the licensing and reopening of 1,233 banks which were not granted licenses by June 30, 1933 and were counted as suspensions in 1933. Of the 4,601 new banks which were organized 2 during the period, 1,437 were national banks and 3,164 were State banks. The number of national banks discontinued through consolidation, merger or absorption during the period was 2,054 and the number of State banks thus discontinued was 4,798. The 14,344 suspensions in the 16-year period comprised 2,719 national banks and 11,625 State banks. There were conversions of 617 State banks into national banks and 254 conversions of national banks into State banks during the 16-year period. The tabulations that follow analyze changes in the number of national banks and State banks during 1921-1936 by years and by States. The various classifications of changes in the number of banks are defined in the following paragraphs. A primary organization represents the chartering of a newly organized bank. A primary organization can usually be distinguished without difficulty from a consolidation, merger, absorption, succession or conversion of a going bank, in spite of the fact that any of these transactions may require the issuance of a new charter, but it is frequently difficult to distinguish from a reopening. The 1 Exclusive of mutual savings and private banks. See also note following Table 3. 2 These figures exclude new banks organized to succeed operating banks ; for the years 1933-1936, however, they include new banks organized to succeed unlicensed national and State banks. NOVEMBER 1937 DURING extent to which the stockholding interests, assets and deposits of a suspended bank continued intact was the important factor in determining whether to classify the bank as a primary organization or a reopening. For the years 1933-1936, however, the figures of primary organizations include all new banks organized to succeed unlicensed national and State banks, because it was not practicable to determine from available information the extent to which the stockholding interests, assets and deposits of the unlicensed banks continued intact in the new bank. If a suspended national bank reopened as a State bank, or vice versa, it was considered a primary organization and not a reopening. A new bank chartered to succeed an operating bank was not counted as a primary organization. A conversion constitutes the issuance to an active bank of a national charter to supersede a State charter under which it has previously been operating, or of a State charter to supersede a national charter. In other words, a charter in one system is given up and a charter in another system is procured. A conversion from a private bank constitutes the issuance of a national or State charter to an existing private bank. A conversion to a private bank constitutes the surrender by an incorporated national or State bank of its charter and continuance of its business as an unincorporated enterprise. Only simple conversions looking towards permanent operation under the newly issued charter and involving no other change in status were included in this category. Some conversions are effected merely as a necessary legal step in a consolidation, merger, or absorption, the new charter being surrendered shortly after the conversion. In such cases a conversion was not regarded as having occurred but rather a consolidation, merger or absorption, with the exception that if the temporary bank's existence ran over the end of the calendar year it was considered as a conversion in the year in which it occurred and as a consolidation, merger or absorption in the year following. This was necessary in order to make the status of changes agree, insofar as practicable, with the number of banks shown in year-end abstracts of condition reports. NOVEMBER 1937 FEDERAL RESERVE BULLETIN A reopening of a suspended bank (other than an unlicensed bank) constitutes the resumption of operations by a bank which had previously suspended. The reopening may be accompanied by a change of name and the issuance of a new charter and still be classed as a reopening rather than as a primary organization. For the years 1933-1936, however, all new banks organized to succeed unlicensed national and State banks have been classed as primary organizations rather than as reopenings, because it was not practicable to determine from available information the extent to which the stockholding interests, assets and deposits of the unlicensed bank continued intact in the new bank. A reopening under a single charter of two or more suspended banks was classed as a single reopening. In cases where a national bank reopened as a State bank, or vice versa, the transaction was counted as a primary organization and not as a reopening. A reopening of an unlicensed bank constitutes the resumption of operations by a bank which had not been granted a license to reopen following the banking holiday (in March 1933) by June 30, 1933. Unlicensed banks which were granted licenses to reopen between March 15 and June 30, 1933, have not been included in the tabulations (either as suspensions or reopenings). All banks not granted licenses to, reopen by June 30, 1933, have been included among suspensions, and any of such banks which subsequently were granted licenses to reopen have been considered as reopenings of unlicensed banks. A suspension constitutes the closing of a bank to the public, either temporarily or permanently, by supervisory authorities or by the bank's board of directors on account of financial difficulties, whether on a so-called moratorium basis or otherwise, unless the closing was under a special holiday declared by civil authorities. If a bank closed under a special holiday declared by civil authorities and remained closed only during such holiday or part thereof, it has not been counted as a suspension. Banks which, without actually closing, obtained agreements from depositors to waive a portion of their deposits or to defer the withdrawal of a portion of their deposits have not been classed as suspensions. Banks which were reopened or taken over by other institutions after suspension have been included as suspensions. The figures for 1933 include all banks not granted 1085 licenses following the banking holiday in March 1933 which were subsequently placed in liquidation or receivership (including unlicensed banks absorbed or succeeded by other banks), and all other unlicensed banks which had not been granted licenses to reopen by June 30, 1933. A consolidation, merger or absorption represents the corporate union of two or more going banks into one bank which continues under a single charter, whether new or old. The term is used not in a legal or technical sense but in an economic sense, the essential factor being that the business of two or more going banks becomes concentrated under one charter and one management. Banks absorbed by other banks and converted into branches have been counted as consolidations, mergers or absorptions. This classification also includes cases in which a given bank was absorbed by two or more banks which distributed its business among themselves and cases in which the assets and liabilities of a weak bank were transferred to another bank in order to avoid suspension. The figures shown for this classification represent the number of banks that went out of existence or were converted into branches by reason of consolidations, mergers or absorptions, i. e., the continuing or absorbing banks are not counted. A voluntary liquidation constitutes the voluntary discontinuance of operations and the surrender of its charter by an active bank. Voluntary liquidations legally incidental to conversions or consolidations, mergers or absorptions have not been counted separately as liquidations but have been included among conversions or among consolidations, mergers or absorptions. If a bank transferred its assets, or the greater portion of them, to another bank under an agreement whereby the latter assumed the liabilities of the former, the change was classified as a consolidation, merger or absorption, not as a liquidation. Unclassified changes include all cases in which, because of lack of essential data or because of special circumstances involved in the change, it was impossible to classify the change under any of the headings shown in the tables. In order that the increases and decreases might be reconciled with the actual net increase or decrease during the period in the number of banks, minor differences not accounted for were shown as "Unclassified." The number of "Unclassified" changes was 1086 FEDERAL RESERVE BULLETIN larger in 1933 than in any other year as a result of the numerous and, in some cases, involved changes in the status of banks, also because of the temporary disruption of the reporting services following the banking holiday. The number of "Unclassified" changes is very small, however, in relation to the num- NOVEMBER 1937 ber of other types of changes and in relation to the net reduction of more than 14,000 banks during the 16-year period 1921-1936, which the tabulations were designed to analyze. All unclassified changes occurred with respect to State banks and none with respect to national banks. 1087 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 1.—CHANGES IN THE NUMBER OP NATIONAL AND STATE BANKS DURING 1921-1936 Total 19211936 1924 1923 1922 1921 1929 1928 1927 1926 1925 1931 1930 1932 1933 1934 1935 1936 Number of active national and state banks at beginning of year or period _ _ ._ 29, 206 29, 206 29,018 28,820 28,396 27, 724 27, 223 26, 280 25, 468 24,703 23,695 21,877 19,149 17, 578 14, 352 15, 243 15,161 Increases: Primary organizations1 Conversions from private banks _ - 4,601 472 409 458 383 403 345 296 252 235 153 105 93 323 511 101 306 60 46 49 27 22 14 18 15 9 6 2 7 11 7 9 4 1,905 93 118 68 108 81 160 127 53 69 155 275 279 150 116 40 13 1,233 165 7 5 5 1 5 12 2 3 2 13 547 97 636 4 47 9 3 8,210 629 580 580 523 507 524 453 322 316 316 392 1,128 1,270 206 82 14, 344 461 343 623 738 579 924 636 479 628 1,292 2,213 1,416 3,891 6,852 1,141 305 48 394 35 329 51 373 80 363 59 462 75 567 57 534 71 636 57 769 68 20 91 1 1 3 2 2 2 5 4 2 2 3 2 1 1 2 1 4 Total decreases .__ _ 22, 448 817 Reopenings of suspended banks1 __ Reopenings (licensing) of unlicensed1 b a n k s 1 Unclassified Total increases-Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations x___ Conversions to private banks Unclassified * 382 798 99 433 101 322 89 4 9 52 778 1,004 1,195 1,008 1,467 1,265 1,087 1,324 2,134 3,110 1,963 4,354 62 44 34 43 231 104 160 91 176 56 3 379 288 275 -14,238 - 1 8 8 - 1 9 8 - 4 2 4 - 6 7 2 - 5 0 1 - 9 4 3 - 8 1 2 - 7 6 5 - 1 , 008 - 1 , 818 ~2, 728 - 1 , 571 -3, 226 +891 - 8 2 - 1 9 3 N e t increase or decrease N u m b e r of active national and state banks at end of year or period __ 14,968 29,018 28,820 28,396 27, 724 27, 223 26, 280 25,468 24,703 23, 695 21, 877 19,149 17, 578 14, 352 15, 243 15,161 14,968 1 See footnotes appended to the respective captions in tables 2 and 3. TABLE 2.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936 Total 19211936 N u m b e r of active national banks at beginning of year or period Increases: P r i m a r y organizations 1 Conversions: From private banks_ From state banks Reopening of suspended banks 2 Reopening (licensing) of unlicensed banks 3 Total increases Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations 5 Conversions: To state banks To private banks 8,124 1921 1922 1923 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 8,124 8,165 8,220 8,179 8,043 8,048 7,905 7,759 7,629 7,403 7,031 6,368 6,011 5,154 5,462 5,386 1,437 110 74 96 81 120 108 86 70 19 617 3 65 3 122 2 75 1 26 3 105 1 23 2 33 1 17 27 36 8 176 9 25 11 17 8 10 8 2 3 4 2,410 187 224 184 125 236 142 129 90 102 2,719 52 49 90 122 118 123 91 57 2,054 181 74 12 107 8 96 20 96 28 81 14 129 12 160 9 136 7 254 1 8 5 19 15 18 21 15 20 36 225 261 231 285 275 220 328 — 41 - 1 3 6 +5 -143 -146 -130 -226 72 33 15 10 209 330 17 6 7 23 1 32 1 9 1 9 25 44 4 5 115 45 1 73 48 61 351 413 28 64 161 409 276 *1,101 1 4 1 225 3 259 7 275 8 123 10 84 5 82 18 76 12 51 8 18 19 8 1 18 4 12 18 445 711 418 1,208 105 104 78 - 3 7 2 - 6 6 3 - 3 5 7 - 8 5 7 +308 -76 -61 161 5,209 146 169 N e t increase or decrease. __ -2,799 N u m b e r of active national banks at end of year or period 5,325 +41 +55 Total decreases 1924 I 17 8,165 8,220 8,179 8,043 8,048 7, 905 7, 759 •7, 629 7,403 7,031 6,368 6,011 5,154 5,462 5,386 5,325 1 Excludes new banks organized to succeed operating banks; for the years 1933-1936 includes new banks organized to succeed unlicensed national and State banks. 23 Except reopenings (licensing) of unlicensed banks following the banking holiday in 1933, included in the next item. Banks not licensed by June 30, 1933, but granted licenses on or before December 31, 1936. Banks licensed between March 15 and June 30, 1933,4 of which there were 374, are not included in the table (either as suspensions or reopenings). Includes 64 banks suspended January 1-March 4, 2 banks placed in receivership during the banking holiday (March 6 to 15), 9 licensed banks suspended March 16-December 31, and 1,026 unlicensed banks treated as suspensions following the banking holiday. The last figure comprises 865 unlicensed banks which were placed in liquidation or receivership, and 161 unlicensed banks which were not granted licenses to reopen until subsequent to June 30, 1933. 5 Except unlicensed banks placed in "voluntary" liquidation. 1088 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 3.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936 Total 19211936 N u m b e r of active state banks at beginning of year or period __ [ncreases: P r i m a r y organizations 1 . _ Conversions: F r o m private b a n k s . FromNational banks Reopenings of suspended banks 2 Reopenings (licensing) of unlicensed banks 3 Unclassified* Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations 7 . Conversions: T o National b a n k s . . T o private banks Unclassified 4 Total decreases 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1932 1931 1933 1934 1935 1936 21, 082 21, 082 20, 853 20, 600 20, 217 19, 681 19,175 18, 375 17, 709 17, 074 16, 292 14,846 12, 781 11, 567 9,198 9,781 9,775 3,164 362 335 362 302 283 237 210 182 163 120 90 83 114 181 84 56 287 254 57 8 43 5 47 19 26 15 19 18 13 21 16 15 14 20 9 36 6 18 2 19 7 8 11 18 6 4 8 12 3 18 1,729 84 93 57 91 73 150 119 51 66 151 250 235 146 111 40 591 46 9 3 13 432 5 97 346 818 893 199 92 1,072 165 4 7 5 5 1 5 12 2 3 2 6,671 515 483 490 439 394 426 372 269 277 297 361 11,625 409 294 533 616 461 801 545 422 564 1,131 1,804 4,798 960 231 36 287 27 233 31 277 52 282 45 333 63 407 48 398 64 411 54 510 61 523 91 617 19 91 65 122 1 5 75 1 26 2 2 105 2 5 23 4 2 33 2 3 17 27 1 2 36 1 4 8 3 18,110 744 736 873 900 1,226 1,038 904 1,059 1,743 2,426 975 1 43 30 42 310 91 238 84 149 86 84 79 125 48 23 32 9 9 3 9 52 1,560 3,187 1,140 6 2, 790 3 310 205 224 -11,439 - 2 2 9 - 2 5 3 - 3 8 3 - 5 3 6 - 5 0 6 - 8 0 0 - 6 6 6 - 6 3 5 - 7 8 2 - 1 , 4 4 6 - 2 , 0 6 5 -1,214 - 2 , 369 +583 Net increase or decrease - 6 -132 N u m b e r of active State banks at end of year or 9,643 20, 853 20, 600 20, 217 19, 681 19,175 18, 375 17, 709 17, 074 16, 292 14, 846 12, 781 11, 567 9,198 9,781 9,775 9,643 period 1 Excludes n e w b a n k s organized to succeed operating b a n k s ; for t h e years 1933-1936 includes n e w b a n k s organized to succeed unlicensed n a t i o n a l and State banks. 23 Except reopenings (licensing) of unlicensed banks following the banking holiday in 1933, included in the next item. Banks not licensed by June 30,1933, but granted licenses on or before December 31,1936. Banks licensed between April 12 and June 30, 1933, of which there were 855, are not included in the table (either as suspensions or reopenings). The number of State nonmember banks licensed between March 15 (the last day of the banking holiday) and April 12 is not available. 4 For general statement regarding "unclassified" changes, see paragraph under that heading on page 1085. s Includes 15 Morris Plan and industrial banks in New York and 29 in North Carolina, some cr all of whic' ;vhich were in operation in prior years but could not be included in the figures shown for earlier years because of lack of essential data. • Includes 324 banks suspended January 1-March 4, 35 banks placed in receivership during the banking holiday (March 6 to 15), 160 licensed banks suspended March 16-December 31, and 2,271 unlicensed banks treated as suspensions following the banking holiday. The last figure comprises 1,187 unlicensed banks which were placed in liquidation or receivership, 1,074 unlicensed banks which were not granted licenses to reopen until subsequent to June 30, 1933, and 10 banks which had neither been placed in liquidation or receivership nor had been licensed to reopen by December 31, 1936. 7 Except unlicensed banks placed in "voluntary" liquidation. NOTE.—The number of State banks in operation as shown in this analysis differs somewhat from the number included in compilations regularly published by the Board under the heading "All banks in the United States" (see table on page 1133 of this FEDERAL RESERVE BULLETIN). The differences are due principally to the exclusion from this analysis and the inclusion in the "All bank" compilations of the following classes of financial institutions which were included in State abstracts of condition reports and, consequently, in the "All bank" figures compiled therefrom: (a) mutual savings banks, (b) private banks under State supervision or reporting to State banking departments, (c) a few banks which had been absorbed by other banks or otherwise placed in liquidation but were still included in State banking department abstracts, and (d) a few banks operating under restrictions. To some extent also the differences are due to the fact that one or more State banking departments did not make a call for condition reports as of the end of the year, making it necessary to include an abstract as of a prior call date. The available information as to bank changes covering the earlier years made it impossible to effect an exact reconcilement with the State banking abstracts. The "All bank" compilations published by the Board showed 21,326 State banking institutions of all kinds at the end of 1923, the first time such compilations were made by the Board, and 10,347 (revised to include 44 Morris Plan and industrial banks in New York and North Carolina) at the end of 1936, compared with 20,217 and 9,643 State banks shown in this table. The differences of 1,109 and 704, respectively, represent principally mutual savings banks, which declined from 630 to 565 during the 13-year period 1923-1936, and private banks reporting to State banking departments which declined from approximately 460 to 134 during the same period. The differences between the number of State banks on December 31,1935 as shown in this analysis and the total number of non-national banks of all classes as of the same date shown in table 1 on page 782 of the August 1937 FEDERAL RESERVE BULLETIN are due to the exclusion from this analysis and the inclusion in the table referred to of (a) 567 mutual savings banks, (b) 234 private banks, (c) 1 State operated bank in North Dakota, and (d) 1 Deposit -Insurance National bank in Pennsylvania authorized to accept deposits. While this analysis might have been changed so as to agree exactly either with the latest published "All bank" figures or with thefigurespublished on page 782 of the August 1937 BULLETIN, the available information would not permit an exact reconcilement to be made for earlier years. The differences referred to are of relatively minor importance, however, and do not appreciably affect the value of the tabulations, the primary purpose of which is to account statistically for the net reduction of more than 14,000 banks during the 16-year period 1921-1936, rather than to show the number of banks in operation at the beginning and end of each year. 1089 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1 Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 ALABAMA Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks.._.To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period 105 105 108 107 106 1 10 10 2 1 3 23 3 40 17 1 102 103 1 2 1 1 1 1 2 1 1 104 106 107 107 97 2 1 2 4 2 1 1 2 1 69 77 2 2 2 2 7 5 72 69 1 ..... 3 1 1 3 3 8 5 1 6 11 3 1 1 59 -1 69 107 21 21 21 -36 84 2 2 1 CO Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. OO Number of active national banks at beginning of year or period 3 2 4 -1 -4 +1 +1 +2 +1 106 102 103 104 106 107 22 20 19 17 15 15 1 12 13 -10 -13 -7 -8 +3 -3 107 97 84 77 69 72 69 69 15 14 13 11 10 8 8 7 2 7 11 3 ARIZONA Number of active national banks at beginning of year or period Increases: Primary organizations.. _ - . Conversions: From private banks.-, __ _.. . From State banks.. . Reopenings of suspended banks ._ Reopenings (licensing) of unlicensed banks. Total increases. Decreases: Suspensions.-- ._ . . Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period 1 1 2 1 1 2 1 1 5 1 6 11 1 1 1 1 1 2 2 1 1 1 19 1 1 2 — 1 1 1 1 1 1 2 1 1 — 14 2 +1 —2 2 2 —1 _ 2 ' 2 1 1 1 —1 -2 2 1 2 2 —2 —1 —2 -1 7 21 22 20 19 17 15 15 15 14 13 11 10 8 8 85 85 83 85 89 87 87 81 78 78 72 54 51 52 46 12 ~ — 3 1 -- — 1 1 1 3 13 8 1 4 4 33 4 7 ARKANSAS Increases: Primary organizations Conversions: From private banks. - _ . . From State banks ._ . . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases.- _ Decreases: Suspensions..- . . . . Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks To private banks Total decreases. Net increase or decrease.. . _ ... Number of active national banks at end of year or period * See footnotes appended to Table 2. 37 24 2 1 5 i 68 2 —35 —2 50 83 5 1 1 1 1 ^ ^ i 1 3 4 1 2 1 1 5 1 1 2 2 89 1 2 6 2 2 87 1 87 8 3 —6 —3 81 78 13 7 - 78 1 8 20 9 1 8 —6 — 18 —3 +1 —6 54 51 52 46 7 72 2 1 2 1 1 1 1 8 50 = = +2 +4 85 5 1 1 1 2 1 2 1 2 1 1 51 i Number of active national banks at beginning of year or period _ _ 51 50 50 1090 FEDERAL RESERVE BULLETIN NOVEMBER 1937 1 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAIJ BANKS DURING 1921-1936, BY STATES —Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 160 134 130 123 3 5 6 1 15 1936 CALIFORNIA Number of active national banks at beginning of year or period Increases: Primary organizations.. . Conversions: From private banks.. . . . __ _. From State banks Reopenings of suspended banks... Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations. - _ - ... Conversions: To State banks To private banks . -. Total decreases Net increase or decrease Number of active national banks at end of year or period 308 308 298 277 274 263 267 268 227 210 205 197 99 8 11 14 5 15 15 8 7 6 1 1 16 2 3 4 1 1 1 5 2 1 1 120 12 13 15 6 20 15 10 7 8 2 1 62 244 14 2 20 3 29 2 1 14 3 14 3 2 13 1 3 11 4 46 1 24 1 12 2 8 8 8 1 16 14 51 24 13 10 17 21 31 +4 +1 -41 -17 -5 -8 -16 -21 -26 -4 -7 -15 2 181 14 5 2 2] 1 5 6 22 9 10 320 22 34 18 17 -200 -10 -21 -3 -11 108 298 277 274 263 267 268 227 210 205 197 181 160 134 130 123 108 142 142 143 143 143 14G 131 127 124 123 120 116 105 98 74 81 81 11 1 1 1 6 6 1 6 1 1 1 1 1 1 2 4 24 3 1 1 2 1 1 3 10 57 24 6 1 1 1 3 2 1 1 10 7 15 COLORADO Number of active national banks at beginning of year or period : Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks . Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers,_and absorptions Voluntary liquidations Conversions: To State banks To private banks _ Total decreases Net increase or decrease Number of active national banks at end of year or period CONNECTICUT Number of active national banks at beginning of year or period ._ Increases: Primary organizations Conversions: "Prom private banks From State banks. _ Reopenings of suspended banks ._ _ ___ . Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions _ Voluntary liquidations Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period 1 See footnotes appended to Table 2. 1 1 88 2 -64 +1 78 143 143 66 66 64 1 5 1 _ 2 1 10 1 1 1 4 1 4 123 120 116 105 63 65 65 62 61 1 2 1 1 1 2 1 1 131 127 124 62 62 62 63 9 1 1 2 9 1 1 2 1 1 1 3 7 1 1 2 2 1 27 3 —7 -24 +7 98 74 81 81 78 61 58 54 54 54 54 54 54 1 2 1 1 1 12 140 1 1 26 -11 143 2 6 1 4 -3 3 -3 5 1 1 54 7 4 1 -4 -4 21 1 3 3 4 -9 -12 1 2 -3 5 -3 2 17 1 1 2 -2 64 2 1 1 —2 62 1 62 62 63 1 1 +2 +1 63 65 3 -3 65 62 1 3 —1 —3 61 61 58 5 -4 54 1091 FEDERAL RESERVE BULLETIN NOVEMBEK 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 \ 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 DELAWARE Number of active national banks at beginning of year or period Increases: Primary organizations Conversions, _ _ _ _ _ _ From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations mergers and absorptions Voluntary liquidations Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period 18 18 18 18 18 19 18 18 19 17 17 16 16 15 16 16 16 1 1 1 1 1 1 4 1 1 1 3 1 1 2 —— . 6 +1 1 1 2 1 1 1 1 _.. —1 —2 1 1 1 . 1 . +1 16 18 18 18 18 18 19 19 17 17 16 16 16 15 16 16 16 15 15 15 14 14 13 13 13 13 12 12 12 12 12 9 9 9 DISTRICT OF COLUMBIA N u m b e r of active national b a n k s at beginning of year or period Increases: P r i m a r y organizations Conversions: F r o m private banks F r o m State b a n k s Reopenings of suspended banks Reopenings (licensing) of unlicensed banks_ Total increases Decreases: Suspensions Consolidations, mergers, a n d absorptions-_ Voluntary liquidations Conversions: T o State b a n k s T o private banks _ _ _ _ _ 1 1 1 1 2 1 1 = = = 4 4 2 1 8 2 1 N e t increase or decrease N u m b e r of active national b a n k s a t end of year or period _ __ _ _ __ 1 4 —1 —1 —3 -1 4 1 —. Total decreases = = g 15 14 14 13 13 13 13 12 12 12 12 12 g 9 9 9 55 55 59 63 54 55 59 63 62 62 57 53 50 49 46 50 51 1 4 8 1 c 6 1— - 4 1 2 4 1 2 FLORIDA N u m b e r of active national banks a t beginning of year or period __ . _ Increases: P r i m a r y organizations Conversions: F r o m private b a n k s F r o m State b a n k s Reopenings of suspended b a n k s Reopenings (licensing) of unlicensed b a n k s Total increases Decreases: Suspensions Consolidations, mergers, a n d absorptions-_ Voluntary liquidations Conversions: To State b a n k s T o private banks Total decreases N e t increase or decrease N u m b e r of active national banks at end of year or period ________ ._ __ 1 See footnotes appended to Table 2. 39 5 1 1 1 1 1 45 11 2 3 1 1 2 4 f 6 53 3 8 4 29 10 47 _2 2 _____ g 4 +4 +4 -9 +4 +4 63 54 59 55 59 63 12 _1 62 -5 62 57 6 -4 53 2 -3 _-, -3 50 49 46 +4 +1 50 51 53 1092 FEDERAL RESERVE BULLETIN NOVEMBER 1937 T A B L E 4 . — C H A N G E S I N T H E N U M B E R O F N A T I O N A L B A N K S D U R I N G 1921-1936, B Y STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 GEORGIA Number of active national banks at beginning of year or period.-. .._ . . - . Increases: Primary organizations Conversions: From private banks From State banks. Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations Conversions: To State banks To private banks Total decreases __ . .. . Net increase or decrease Number of active national banks at end of year or period 94 94 96 14 2 2 9 2 3 1 1 1 28 4 40 23 1 1 98 97 93 85 82 1 81 76 71 3 1 1 1 1 1 1 1 4 7 1 2 1 57 50 1 5 1 2 2 3 8 3 2 3 1 66 57 3 5 4 3 8 1 1 9 1 1 2 -38 58 1 2 1 3 1 3 65 1 2 1 1 83 1 2 +2 +2 -1 2 5 A 9 3 -8 -3 +1 1 1 4 5 8 7 -2 -5 -5 -6 -8 —7 +8 -1 -1 8 10 56 96 98 97 93 85 82 83 81 76 71 65 57 50 58 57 56 86 86 76 79 73 67 56 55 52 44 43 41 35 28 25 25 23 4 1 1 6 1 3 1 11 4 2 1 1 3 5 2 3 3 2 3 IDAHO Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations- Conversions: To State banks To private banks _ _. - _ _ _ Total decreases - - __ -_- Number of active national banks at end of year or period 39 22 3 1 1 1 1 1 1 1 2 1 1 1 4 3 6 3 6 1 2 8 2 2 7 8 1 7 2 1 1 4 2 1 4 3 1 2 1 4 13 11 1 77 10 1 66 10 +3 20 76 79 73 67 56 55 52 44 43 41 35 28 25 25 23 20 487 487 498 499 501 499 504 494 487 488 482 444 382 337 263 292 299 105 7 4 4 3 4 3 3 4 4 2— - 1 26 30 6 4 30 3 3 2 2 2 1 1 1 3 5 3 0 2 5 8 2 1 8 6 3 3 2 • " ILLINOIS Number of active national banks at beginning of year or period .. __ Increases: Primary organizations Conversions: From private banks . _ . . ._ From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases _.. -. .. Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To State banks To private banks .. Total decreases _ . . -. Net increase or decrease Number of active national banks at end of year or period. ._ 1 See footnotes appended to Table 2. 1 11 155 226 99 12 1 335 1 -180 +11 307 4 3 3 • 7 5 6 3 3 6 5" 3 2 9 37 35 9 9 1 4 2 3 1 6 8 7 4 1 4 6 20 21 37 27 46 8 107 3 1 4 1 1 - 1 1 1 10 11 6 2 1 5 7 +1 +2 498 499 501 499 1 13 +5 -10 504 494 41 64 ^62 487 488 482 444 382 54 111 -45 -74 337 263 T29 +7 +8 292 299 307 1093 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total | 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1981 1932 1933 1934 1935 1936 INDIANA Number of active national banks at beginning of year or period Increases: Primary organizations... Conversions: From private banks From State banks.. Reopenings of suspended banks... .. Reopenings (licensing) of unlicensed banks. Total increases.. Decreases: Suspensions. _ Consolidations, mergers, and absorptions. _ Voluntary liquidations. Conversions: To State banks To private banks Total decreases 253 253 253 251 250 247 1 27 245 1 230 224 1 .... 1 240 1 1 34 1 1 79 70 1 1 2 1 1 1 2 1 1 2 3 6 5 219 200 171 152 113 1 1 8 13 2 1 1 1 10 14 8 20 12 6 44 125 125 = = 1 1 2 163 1 3 6 -2 4 13 8 11 -10 —6 1 1 1 1 1 1 1 1 12 Net increase or decrease ._ -129 Number of active national banks at end of year or period . _ ... ... 124 2 19 30 20 -19 -29 -19 2 49 1 -^39 +12 -1 253 251 250 247 245 240 230 224 219 200 171 152 113 125 125 124 357 352 351 348 344 329 300 281 269 251 223 188 163 106 123 118 2 2 4 10 16 2 6 3 IOWA Number of active national banks at beginning of year or period ... _ . . . . __ Increases: Primary organizations __ Conversions: From private banks. From State banks. . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases. Decreases: Suspensions . ..... Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period 357 36 1 1 1 2 18 —.— 67 3 217 76 2 16 2 4 31 6 6 6 21 8 10 13 12 21 15 . 1 18 24 67 8 2 1 1 1 _ 311 6 1 4 i -244 12 37 26 28 36 26 -15 -29 -19 -12 -18 -28 -35 -25 19 19 19 75 2 1 2 2 2 — 5 +17 K —5 113 352 351 348 344 329 300 281 269 251 223 188 163 106 123 118 113 26 265 267 265 266 257 259 256 257 248 246 244 232 219 195 192 190 KANSAS Number of active national banks at beginning of year or period ... Increases: Primary organizationsConversions: From private banks From State banks . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Total increases. . Decreases: Suspensions Consolidations, mergers, and absorptionsVoluntary liquidations Conversions: To State banks.. To private banks. . . Total decreases Net increase or decrease. Number of active national banks at end of year or period.. .. 1 See footnotes appended to Table 2. 1 1 .... 2 2 .... ..... 4 1 1 1 1 10 _7 18 _ ~^2 26 265 26 25 _ 25 25 25 _ _ _2 24 24 244 -1 23 1 2 2 -1 -24 _3 _2 -2 21 19 192 190 188 1094 NOVEMBER 193'. FEDERAL RESERVE BULLETIN TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 KENTUCKY Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From State banks . _. Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases._. . ,.. Decreases: Suspensions. Consolidations, mergers, and absorptions Voluntary liquidations Conversions: To State banks To private banks . 133 133 135 136 16 3 1 2 8 1 3 1 28 4 38 20 2 138 138 139 Total decreases 141 140 138 126 119 1 1 2 1 2 108 92 2 7 99 100 1 1 3 1 4 1 2 1 1 2 1 1 2 61 2 2 -33 +2 +1 +2 100 135 136 138 138 139 39 39 35 34 34 33 15 1 4 3 3 7 1 5 10 20 1 12 21 1 ..... 7 2 1 3 Net increase or decrease Number of active national banks at end of year or period 140 12 1 1 +1 +1 +1 -1 - 2 -12 +7 +1 140 141 140 138 126 119 108 92 99 100 100 33 33 32 33 34 30 29 29 26 30 30 1 1 30 30 40 40 40 40 1 2 7 •. - 7 -11 -16 LOUISIANA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks. . . __ __ From State banks.. - .. Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Total decreases . . . * Net increase or decrease. _ - .. Number of active national banks at end of year or period 5 1 1 17 ... Decreases: Suspensions ... Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To State banks To private banks 1 1 1 1 1 1 1 1 1 1 6 5 1 8 1 1 === 11 13 5 1 1 2 2 1 1 n 26 g 5 1 2 —4 -1 —1 30 35 34 34 33 33 63 63 60 60 60 58 1 4 +1 +1 -4 1 y 1 —1 33 32 33 34 30 29 58 57 57 54 53 52 1 1 9 1 -3 +4 29 26 30 43 43 40 MAINE Number of active national banks at beginning of year or period . . . . . . . ... Increases: Primary organizations. - . . . . . Conversions: From private banks From State banks - ... Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases .. - . Decreases: Suspensions _. Consolidations, mergers, and absorptions. . Voluntary liquidations - .. Conversions: To State banks To private banks Total decreases Net increase or decrease _ . Number of active national banks at end of year or period... 1 See footnotes appended to Table 2. = = 13 12 1 3 3 16 15 1 17 1 1 1 17 20 1 1 2 2 1 3 1 9 1 9 18 —1 - 9 —3 1 1 39 3 -23 —3 40 60 ===== 60 60 2 1 —2 —1 58 58 57 57 3 1 Q i 54 53 52 43 43 40 40 1095 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925? 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 MARYLAND Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases. .. _ Decreases: Suspensions.. . . . . _ _______ Consolidations, mergers, and absorptions_. Voluntary liquidations _ Conversions: To State banks.. To private banks . . Total decreases Net increase or decrease Number of active national banks at end of year or period 92 92 90 86 85 84 84 13 84 84 83 80 73 69 68 59 1 9 3 6 1 1 15 4 63 1 1 7 1 21 30 19 63 2 2 2 1 1 1 24 3 7 3 1 1 1 1 1 1 3 7 4 1 24 1 1 — 50 2 4 2 29 —2 —4 —1 —1 —3 —7 —4 —1 9 63 90 86 85 84 84 84 84 83 80 73 69 68 59 63 63 63 160 160 162 157 158 157 155 155 153 154 152 150 144 141 133 132 129 1 1 1 1 5 6 1 4 5 MASSACHUSETTS Number of active national banks at beginning of year or period.. _ Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions... Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To State banks To private banks.._ . Total decreases Net increase or decrease Number of active national banks at end of year or period 27 2— - 1 2 4 21 43 — 2 1 2 35 1 3 4 1 3 5 1 1 1 1 3 1 1 1 3 5 4 6 8 1 2 5 1 2 1 1 6 6 1 2 1 14 zz 7 3 1 7 3 _3 —1 1 1 3 4 3 6 4 14 2 +1 -2 —2 —6 —3 —8 155 153 154 152 150 144 141 133 132 129 128 122 128 134 133 134 130 125 106 102 70 85 84 4 6 2 1 1 1 1 17 17 3 I 1 3 1 3 2 — 32 +2 -5 +1 —1 -2 128 162 157 158 157 155 116 116 118 118 120 55 2 1 2 5 67 3 1 8 1 MICHIGAN Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From State banks.. . Reopenings of suspended banks ._ Reopenings (licensing) of unlicensed banks_ Total increases Decreases: Suspensions Consolidations, mergers, and absorptions__ Voluntary liquidations Conversions: To State banks To private banks... Total decreases. . Net increase or decrease Number of active national banks at end of year or period . . 1 See footnotes appended to Table 2. 2 2 4 3 6 70 1 2 1 3 2 77 26 1 2 2 6 1 1 1 103 -33 +2 83 118 118 2 120 1 1 2 2 1 1 3 1 5 2 4 14 6 2 1 3 6 6 20 +2 +6 +6 —1 -4 -5 -19 122 128 134 133 130 125 106 134 5 1 22 18 54 7 -4 102 54 - 3 2 +15 70 85 1 -1 84 83 1096 FEDERAL RESERVE BULLETIN TABLE 4.—CHANGES NOVEMBER 1937 IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 MINNESOTA Number of active national banks at beginning or period . . . .. 340 Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions__ Voluntary liquidations Conversions: To State banks To private banks __ . . _ _ _ _ . . . . _ Total decreases .. . 340 27 23 1 2 2 53 2 196 Net increase or decrease . . . . . -143 Number of active national banks at end of year 197 or period __ .. 342 2 1 2 1 1 341 330 308 286 1 1 6 2 7 2 281 1 278 266 258 239 229 205 3 1 4 1 1 6 1 1 2 211 205 1 2 1 2 2 107 64 8 17 341 4 3 2 1 3 13 1 4 2 4 1 3 4 8 3 2 15 5 1 14 9 12 5 1 3 1 1 15 1 8 1 13 9 9 2 27 2 2 23 25 3 1 1 3 4 +1 +1 10 2 1 1 7 1 23 11 27 4 — 11 —22 - 2 2 -5 -3 -12 -8 -19 -10 -24 +6 -6 -8 205 197 25 25 13 18 4 16 10 341 342 341 330 308 286 281 278 266 258 239 229 205 211 31 30 31 32 36 37 36 37 36 35 30 26 25 24 6 8 MISSISSIPPI N u m b e r of active national b a n k s at beginning of year or period .. . . . . . .. _ Increases: P r i m a r y organizations Conversions: F r o m private b a n k s F r o m State b a n k s Reopenings of suspended b a n k s Reopenings (licensing) of unlicensed b a n k s . Total increases.. Decreases: Suspensions Consolidations, mergers, a n d absorptions.. Voluntary liquidations Conversions: T o State b a n k s - . . T o private b a n k s .. .. T o t a l decreases .. . . .. N e t increase or decrease N u m b e r of active national banks at end of year or period .. 31 = 1 1 10 2 1 1 1 4 1 1 1 1 1 4 1 1 2 1 4 1 2 3 3 8 1 1 4 20 1 2 19 7 1 1 1 26 2 1 1 3 6 8 -6 —1 +1 +1 4-4 +1 —1 4-1 —1 —1 —5 —4 1 _- 25 30 31 32 36 37 36 37 36 35 30 26 25 24 25 25 25 133 133 133 134 133 131 135 136 136 134 130 121 109 97 86 90 87 25 4 3 2 4 1 _____ 2 1 1 1 _____ 2 4 _.._. 2 2 1 I 3 5 1 1 . .. . 1 1 3 3 — 1— — MISSOURI N u m b e r of active national b a n k s at beginning of year or period .. .. . -.. .. Increases: P r i m a r y organizations Conversions: F r o m private b a n k s . . . . _ F r o m State b a n k s Reopenings of suspended b a n k s Reopenings (licensing) of unlicensed b a n k s . T o t a l increases . . . _. Decreases: •Suspensions .... Consolidations, mergers, a n d absorptions.. Voluntary liquidations . ...... _ Conversions: T o State b a n k s T o private b a n k s . . . . . . . . . Total decreases N e t increase or decrease N u m b e r of active national banks at end of year or period 1 See footnotes appended to Table 2. 2 12 1 1 1 1 38 4 46 32 2 4 2 1 85 4 1 —47 86 2 133 2 5 2 6 3 1 2 2 1 2 1 5 1 1 2 1 1 3 1 3 6 4 12 2 2 2 8 4 13 1 1 1 1 1 6 4 +1 -1 —2 +4 +1 134 133 131 135 136 1 136 14 12 14 1 3 2 -4 -9 -12 -12 -11 +4 _3 -1 134 130 121 109 97 86 90 87 86 4 6 10 1 1097 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1924 1923 1922 1921 1925 1926 1928 1927 1930 1931 1932 1933 1934 1935 1936 1929 MONTANA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases .. .- Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To State banks - To private banks . _ _ _ _ -.__-_ T o t a l d e c r e a s e s .. . . _ _ _ _ Net increase or decrease Number of active national banks at end of year or period 145 145 4 1 138 127 2 8 1 1 3 _____ 15 2 3 73 29 13 7 9 1 1 3 2 9 14 115 —100 102 91 1 < 2 _____ 80 75 71 70 67 59 55 52 47 1 1 1 46 46 --- j - 1 1 1 ZI 3 1 1 1 17 13 4 4 9 3 2 4 1 2 1 25 14 1 1 1 2 2 7 3 1 3 1 1 5 1 1 12 6 5 1 3 9 4 3 6 —7 — 11 —25 — 11 — 11 —5 —4 —1 —3 —8 —4 —3 —5 1 __:__ 1 1 2 1 45 138 127 102 91 80 75 71 70 67 59 55 52 47 46 46 187 187 184 182 180 173 169 160 157 156 157 167 158 156 128 138 20 1 2 4 2 5 3 3 1 18 5 5 8 3 4 1 3 1 1 3 2 1 3 4 1 3 9 8 1 i 7 1 45 NEBRASKA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks -_ - _ From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions - Consolidations, mergers, and absorptions.. Voluntary liquidations _ Conversions: To State banks - To private banks Total decreases ... 1 38 3 1 1 1 62 1 1 1 3 69 34 6 4 1 2 1 8 2 114 Net increase or decrease Number of active national banks at end of year or period 2 4 3 3 10 -52 1 2 1 4 -4 -9 1 8 2 1 2 1 1 2 20 2 2 12 2 4 6 8 3 3 1 25 3 _____ 1 1 137 2 1 6 7 10 11 4 —1 +1 "+10 -9 _2 2 3 2 - 2 8 +10 -1 -2 28 135 184 182 180 173 169 160 157 156 157 167 158 156 128 138 137 135 11 11 11 11 11 11 10 10 10 10 10 10 10 7 7 6 6 NEVADA N u m b e r of active national banks at beginning of year or period ._ . . . --_- _. Increases: P r i m a r y organizations Conversions: F r o m private banks F r o m State banks ._ _.. Reopenings of suspended b a n k s Reopenings (licensing) of unlicensed b a n k s . Total increases ... Decreases: Suspensions. . . . - ._ Consolidations, mergers, a n d absorptions.. Voluntary liquidations Conversions: To State banks . ... To private banks 1 1 — 1 —— 1 1 4 1 Total decreasesN e t increase or decrease N u m b e r of active national b a n k s at end of year or p e r i o d . . . _ ._. _. _. 1 See footnotes appended to Table 2. 1 1 1 —1 —6 11 11 11 ii 10 10 10 10 10 10 10 7 6 6 ! R 1098 FEDERAL RESERVE BULLETIN NOVEMBER 1937 T A B L E 4 . — C H A N G E S I N T H E N U M B E R O F N A T I O N A L B A N K S D U R I N G 1921-1936, B Y STATES1—Continued Total 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 19211936 936 NEW HAMPSHIRE Number of active national banks at beginning of year or period . _ Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases ... . Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations Conversions: To State banks To private banks Total decreases . .... Net increase or decrease Number of active national banks at end of year or period .. ... . .. 56 56 56 56 55 54 54 55 1 7 55 56 56 56 52 1 53 52 52 4 1 — - 4 1 52 1 1 § 1 1 1 = = 1 6 4 1 1 1 1 1 1 12 1 _1 1 —4 — +1 +1 5 i +1 52 56 56 55 54 54 55 55 56 56 56 52 53 52 52 52 52 217 217 225 230 244 253 275 290 295 299 300 295 272 269 225 236 236 139 9 10 13 12 25 19 13 8 3 1 7 16 25 19 13 8 12 18 1 7 4 NEW JERSEY Number of active national banks at beginning of year or period ., .. . Increases: Primary organizations Conversions: From private banks From State banks . . . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases . . _ __ Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations. Conversions: To State banks To private banks. . Total decreases _. . Net increase or decrease Number of active national banks at end of year or period 2 8 1 ... 156 9 10 16 12 77 50 1 3 1 . 1 2 12 —__ +16 +8 +5 +14 +9 +22 233 225 230 244 253 275 290 295 299 48 48 49 43 40 33 31 30 29 g 1 4 1 1 1 14 3 5 24 12 1 2 —26 +1 —6 22 49 43 3 1 53 2 1 —— 140 16 10 2 6 3 26 56 -23 -44 +11 300 295 272 269 225 236 236 233 28 27 27 26 26 25 24 22 2 2 2 2 2 22 8 +15 +5 +4 + 1 q NEW MEXICO Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks..... . . . . ... From State banks _ Reopenings of suspended banks ._ Reopenings (licensing) of unlicensed banks. Total increases. Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations.. . . Conversions: To State banks To private banks Total decreases Net increase or decrease . . ... Number of active national banks at end of year or period otnotes appended to Table 2. 1 _ —— 12 1 40 ; 1 12 _7 40 33 : — 3 30 29 28 27 27 NOVEMBER 1099 FEDERAL RESERVE BULLETIN 1937 1921-1936, BY STATES1—Continued TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING Total 19211936 1921 1922 1923 498 498 504 506 519 533 538 546 563 565 559 553 169 11 11 15 18 11 23 18 14 19 •j 1 1 2 1 1 1 1 1 1924 1925 1928 1927 1926 1932 1931 1930 1929 1934 1933 1935 1936 461 459 2 4 NEW YORK Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks ... From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions — Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks To private banks Total decreases 3 7 5 31 1 1 1 496 444 8 13 24 7 21 1 1 215 12 12 16 20 11 24 21 16 20 8 1 1 32 120 126 4 1 5 1 9 1 3 1 6 11 1 4 13 25 1 13 24 . 21 8 5 1 84 2 1 1 1 1 3 6 8 258 Net increase or decrease Number of active national banks at end of year or period 1 1 509 -43 6 10 4 6 16 4 14 +6 +2 +13 +14 +5 +8 +17 +2 3 1 2 45 14 84 4 -6 -6 -44 -13 -52 +17 -2 -4 26 14 4 455 504 506 519 533 538 546 563 565 559 553 509 496 444 461 459 455 87 87 87 88 84 84 82 79 76 75 66 56 44 43 40 44 44 14 1 1 1 5 4 NORTH CAROLINA Number of active national banks at beginning of year or period --Increases: Primary organizations — Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions _ Consolidations, mergers, and absorptions Voluntary liquidations . Conversions: To State banks .Total decreases 4 1 52 16 1 1 2 2 6 1 1 1 1 30 74 Net increase or decrease Number of active national banks at end of year or period 1 1 -44 3 5 +1 —4 1 2 2 4 2 1 3 7 4 4 \ 1 1 3 4 7 10 1 14 1 5 10 3 -3 4 1 1 1 -2 3 1 1 I 3 7 9 1 1 3 -3 3 -1 9 -9 11 15 -10 -12 5 -1 1 10 -3 +4 -1 43 87 88 84 84 82 79 76 75 66 56 44 43 40 44 44 43 180 180 182 184 174 165 160 146 141 133 122 107 86 77 68 69 66 1 1 1 1 3 1 1 NORTH DAKOTA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks. _ From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks_ Total increases ,._. Decreases: Suspensions Consolidations, mergers, and absorptions__ Voluntary liquidations Conversions: To State banks.. To private banks Total decreases Net increase or decrease _ __ Number of active national banks at end of year or period 1 See footnotes appended to Table 2. 13 11 3 33 4 96 39 2 4 1 2 2 1 5 3 1 14 1 g 1 5 2 1 Q 2 1 £ 1 1 g g 8 13 4 1 2 1 1 4 10 2 1 2 1 4 10 152 2 -119 +2 +2 61 2 182 184 15 -10 174 12 10 14 6 8 -9 -5 -14 -5 -8 165 160 146 141 133 15 16 22 -11 -15 -21 122 107 86 3 9 -9 77 10 3 ( +1 68 69 3 -3 66 5 -5 61 1100 FEDERAL RESERVE BULLETIN TABLE 4.—CHANGES NOVEMBER 1937 IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 OHIO Number of active national banks at beginning of year or period Increases: Conversions: From private banks From State banks Reopenings of suspended banks _ Reopenings (licensing) of unlicensed banks. Total increases ___ . . Decreases: Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks . To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period 378 378 376 371 53 4 1 4 4 1 365 358 353 347 338 1 328 1 304 268 266 227 253 1 _____ _____ 16 24 1 4 1 1 2 1 20 28 1 1 2 1 58 1 1 1 1 3 1 1 ,5 1 317 1 1 1 3 6 66 5 1 5 94 90 9 6 1 5 1 3 7 1 2 6 1 5 2 3 1 2 9 2 2 7 1 1 2 10 3 11 19 14 2 249 1 1 1 7 5 6 11 10 12 14 36 3 59 2 -129 -2 -5 -6 -7 -5 -6 -9 -10 -11 -13 -36 -2 -39 +26 -4 249 376 371 365 358 353 347 338 328 317 304 268 266 227 253 249 249 355 355 382 447 434 407 379 358 341 325 292 268 250 233 217 217 214 31 9 6 2 1 3 1 1 3 4 113 15 26 64 8 18 2 2 4 159 35 78 22 7 3 2 1 97 3 4 8 3 2 17 7 9 12 9 9 11 3 8 10 2 8 6 1 4 4 8 3 3 35 34 31 23 195 7 6 11 OKLAHOMA Number of active national banks at beginning of year or period --Increases: Primary organizations Conversions: From private banks From State banks.. _ _ _ Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations ___ Conversions: To State banks To private banks ._ __. _ . . _ Total decreases Net increase or decrease . Number of active national banks at end of year or period . . . . 1 2 1 — 111 29 63 300 — 141 1 8 13 +27 +65 13 —27 28 - 2 1 18 1 2 7 2 16 1 16 6 13 8 9 4 17 5 .8 2 34 24 18 17 5 4 1 15 3 1 4 3 1 21 4 4 _____ —17 — 16 —33 — 24 — 18 — 17 — 16 214 382 447 434 407 379 358 341 325 292 268 250 233 217 217 214 214 91 91 95 98 98 98 98 97 95 93 94 93 84 71 51 53 44 1 1 1 2 9 6 -9 OREGON Number of active national banks at beginning of year or period -. ____ . . . _ ._. Increases: Primary organizations Conversions: From private banks ._ From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases.. .__ _ Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations .__ Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period ___ __ _ _.. i See footnotes appended to Table 2. 1 1 17 1 1 1 1 2 1 1 1 27 6 c 2 2 2 1 1 80 2 c< +4 +3 95 98 2 2 98 98 98 1 1 1 1 4 97 95 4 2 1 +1 —1 94 93 g 11 10 9 15 21 —9 - 1 3 -20 +2 51 53 9 93 1 1 1 1 1 31 47 38 1 4 1 84 71 44 6 -6 38 1101 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Tota 19211936 192 85 85 17 1 1922 1923 1924 1925 1926 192 1928 1929 1930 193 193 193 193 83 77 74 64 1935 1936 PENNSYLVANIA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Total increases .__ ._ __. _ Decreases: Suspensions Consolidations, mergers, and absorptions. Voluntary liquidations Conversions: To State banks To private banks _ _ __ Total decreases ._ 86 86 86 86 86 87 1 1 1 86 86 85 71 709 6 2 23 1 1 22 13 1 _ _ ___ 38 -15 70 1 1 1 1 _-.1 1 1 2 1 +5 86 4 1. 4 1 2 1 7< 2 14 3 .... ___- Net increase or decrease. __ _ _____ Number of active national banks at end of year or period _ _ _ __ _ - _ 1 1 1 .... 1 2 868 862 868 868 17 17 17 17 87 86 1 2 5 3 14 3 -1 -20 -5 -2 -10 +6 864 85 83 77 74 64 71 13 1 —1 709 708 12 12 RHODE ISLAND Number of active national banks at beginning | of year or period 17 17 17 13 10 10 10 10 10 Increases: Primary organizations _ Conversions: From private banks _ _ From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases. _ Decreases: Suspensions. __ _ _ ______ Consolidations, mergers, and absorptions Voluntary liquidations. Conversions: To State banks To private banks 1 Total decreases Net increase or decrease Number of active national banks at end of year or period 7 -__= ______=_ _2 —4 +2 —1 12 17 17 17 17 17 13 13 11 10 10 10 10 10 12 12 12 82 82 82 84 83 79 75 68 62 55 47 34 24 21 16 19 20 10 1 1 1 4 1 1 1 3 16 2 3 1 40 35 2 1 1 SOUTH CAROLINA Number of active national banks at beginning of year or period-._ _____ Increases: Primary organizations Conversions: From private banks _ _ From State banks Reopenings of suspended banks. Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions ____ . _ __ Consolidations, mergers, and absorptions__ Voluntary liquidations Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period i See footnotes appended to Table 2. 1 1 4 1 2 1 2 1 78 1 5 1 3 5 2 4 2 4 4 4 9 3 4 1 g 1 1 2 2 2 +2 -62 20 2 1 2 82 84 83 4 3 7 7 8 13 10 -4 -4 -7 -6 —7 -8 -13 -10 -3 -5 +3 +1 79 75 68 62 55 47 34 24 21 16 19 20 6 8 6 20 1102 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued rotal 921 L9211936 922 923 924 925 926 927 928 929 930 931 932 136 131 127 114 no 100 97 96 92 92 79 1 .... 1 1 7 4 3 1 2 1 5 2 3 13 933 1934 935 936 SOUTH DAKOTA Number of active national banks at beginning of year or period — Increases: Primary organizations Conversions: From private banks . From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions .. Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks— To private banks -.. ... Total decreases. 136 22 2 1 5 3 1 — - 1 1 1 30 2 1 3 8 4 1 81 31 3 2 14 12 12 2 2 2 2 3 2 4 2 2 72 63 64 2 88 5 5 2 6 1 7 2 I 12 1 16 -5 —4 - 1 3 52 2 1 3 118 Npt inrrpase or decrease Number of active national banks at end of year or period-- 136 12 14 -10 4 Q 2 3 4 -1 —4 c 15 7 -13 9 1 12 4 -9 +1 -12 -4 48 136 131 127 114 110 100 97 96 92 92 79 72 63 64 52 48 98 98 100 103 107 106 106 103 104 102 99 94 84 81 69 73 72 TENNESSEE Number of active national banks at beginning of year or period Increases: Primary organizations -Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banksTotal increases... ._ Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations ... Conversions: . To State banks. To private banks. Total decreases. ___ --Net increase or decrease Number of active national banks at end of year or oeriod - 19 1 5 2 < 1 --"I 30 4 4 26 26 6 ..... „_-. —2 14 . . . . .„_- 56 15 1 +3 -26 -12 i 72 100 103 10 10 10 10 104 10 9 556 55 55 55 57 57 65 65 64 63 94 .... 8 8 69 7 7 72 56 50 483 44 45 454 TEXAS Number of active national banks at beginning of year or period. _ Increases: Primary organizations Conversions: From private banks___ From State banks - . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Total increases ,_._ Decreases: Suspensions Consolidations, mergers, and absorptionsVoluntary liquidations- _ Conversions: To State banks Total decreases _. Net increase or decrease _ _ _ _ _ - _ . . _ _ Number of active national banks at end of year or period 1 See footnotes appended to Table 2. 65 1 15 1' 8 23 1 1 2 1 9 60 —- .... 1 .... 1 3 13 17 2 1 2 1 1 3 2 1 1 3 1 i 1 33 1 45 +1 55 55 1 1 1 -10 57 +8 57 65 2 1 2 65 64 5 5 3 4 63 60 56 1 +1 —& -1 50 48 44 45 +2 45 456 1103 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONALi BANKS DURING 1921-1936, BY STATES 1 —Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 UTAH Number of active national banks at beginning of year or period Increases: Primary organizations -.. Conversions: From private banks From State banks... Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To State banks To private banks _ Total decreases 28 28 28 22 21 1 1 1 1 5 11 1 1 _.. 16 6 -15 —6 20 20 20 20 20 16 1 3 = = —1 15 1 14 13 13 1 1 1 3 1 1 17 1 1 2 4 Net increase or decrease _ _ ._ _. Number of active national banks at end of year or period - 21 1 —1 1 1 —1 —1 = = = 13 28 22 21 21 20 20 20 20 20 17 16 15 14 13 13 13 49 49 49 49 47 46 46 46 46 46 46 45 45 45 40 43 43 5 3 VERMONT Number of active national banks at beginning of year or period Increases: Primary organizations . .. ._ Conversions: From private banks From State banks _ _ .. Reopenings of suspended banks ... Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions _ _ _. _ _. Consolidations, mergers, and absorptions . Voluntary liquidations _ _ Conversions: To State banks To private banks Total decreases 8 4 4 12 9 1 15 3 1 1 1 14 1 _ ._ . _ _ 19 2 Net increase or decrease Number of active national banks at end of year or period y -2 -1 1 3 1 1 14 —1 —5 +3 1 —1 42 49 49 47 46 46 46 46 46 46 45 45 45 40 43 43 42 167 167 175 178 181 182 181 170 167 165 159 155 144 139 129 133 132 19 4 2 2 4 4 2 16 2 5 6 42 10 33 36 3 1 VIRGINIA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From State banks _._ Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations ._ Conversions: To State banks. To private banks... Total decreases __ ___ Net increase or decrease Number of active national banks at end of year or period 1 See footnotes appended to Table 2. i 7 3 1 1 1 7 5 2 1 1 1 4 1 1 2 1 8 3 77 132 4 2 2 2 6 4 1 2 11 3 2 7 4 11 +8 +3 +3 +1 -1 -11 -3 -2 -6 -4 -11 170 167 165 159 155 175 4 178 2 181 182 181 1 8 5 2 2 4 17 1 _ I 1 144 _ 1 1 1 5 -35 1 4 1 6 139 18 1 -10 +4 129 133 3 i 132 —.—— 132 1104 FEDERAL RESERVE BULLETIN TABLE NOVEMBER 1937 CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES 1 —Continued Total 922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 19211936 1921 94 94 97 112 116 111 13 1 1 2 1 30 3 9 2 1 14 2 55 4 15 41 50 1 WASHINGTON Number of active national banks at beginning of year or period . . . . . . . _ Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions . _ _______ Consolidations, mergers, and absorptions.Voluntary liquidations Conversions: To State banks To private banks Total decreases 103 92 83 68 1 2 111 110 1 2 1 1 2 —- 2 1 1 3 1 2 7 2 3 3 4 2 2 3 1 10 4 5 3 2 1 6 1 3 i 6 6 1R 7 5 ""? 4 105 107 112 2 1 5 4 67 58 9 2 2 2 8 2 5 3 7 o 2 +3 +15 +4 —5 +1 —5 +4 —1 —5 -2 -11 -9 —15 -1 —9 —2 97 112 116 111 112 107 111 110 105 103 92 83 68 67 58 56 123 122 123 125 124 124 124 120 119 115 111 87 84 69 79 79 23 — - 1 2 1 3 5 9 93 -38 Net increase or decrease Number of active national banks at end of year or period. _ _ _ . _ __ 56 1 12 9 25 5 WEST VIRGINIA Number of active national banks at beginning of year or period Increases: Primary organizations Conversions: From private banks ___ _ From State banks _ - __. Reopenings of suspended banks _ _ _ _ _ _ Reopenings (licensing) of unlicensed banks Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions:To State banks To private banks _._ ._ . _ Total decreases 123 3 6 3 1 35 2 1 1 1 6 2 —__ 2 6 1 1 1 50 28 1 2 79 1 2 —44 +1 +2 1 1 1 7 11 21 18 6 6 24 c 1 1 3 • _ 4 6 22 1 -15 +10 • . Net increase or decrease __ Number of active national banks at end of year or period _ _ _ -24 -4 Q 79 122 123 125 124 124 124 120 119 115 111 87 84 69 79 79 79 152 152 154 155 155 156 159 157 156 156 157 152 138 127 91 106 106 4 15 WISCONSIN Number of active national banks at beginning of year or period ___ _. ._ Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Total increases _ __ _ Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations. . Conversions: To State banks _ _ To private banks. ___ __ Total decreases Net increase or decrease._ . . . ._ Number of active national banks at end of year or period _ 1 See footnotes appended to Table 2. 31 10 4 16 = = 58 2 38 10 14 4 — 14 — 1 3 + 15 12 9 106 1 9 —4 1 10 _ j ^ 15 15 15 15 15 15 15 15 15 15 13 1 —1 10 105 1105 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 4.—CHANGES IN THE NUMBER OF NATIONAL BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 WYOMING Number of active national banks at beginning of year or period . _ _ Increases: Primary organizations Conversions: From private banks From State banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To State banks To private banks Total decreases Net increase or decrease Number of active national banks at end of year or period ._ ^___ 1 See footnotes appended to Table 2. 47 47 47 46 43 2 1 1 1 3 2 11 5 2 1 2 1 6 1 24 47 46 43 32 32 29 25 25 25 25 25 26 26 1 9 2 1 1 1 1 2 2 13 = = 32 26 1 3 21 26 3 32 32 32 1 3 3 1 3 3 1 29 26 25 — — ===== 25 25 25 25 4-1 26 = = 26 ^ 26 1106 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES1 Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 ALABAMA Number of active State banks at beginning of year or period Increases: Primary organizations _ Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period 245 245 243 246 252 245 248 249 246 246 241 206 172 157 139 149 148 74 4 5 9 8 6 7 2 4 4 1 5 1 6 8 3 1 1 1 1 3 1 1 5 1 17 2 1 1 100 5 125 40 21 2 10 3 196 7 1 1 3 i 4 3 4 1 1 1 12 10 1 -96 6 9 8 8 8 3 4 7 6 5 5 1 1 1 8 4 1 2 1 2 2 2 1 1 1 12 3 27 12 28 8 3 12 1 7 2 2 1 4 39 20 30 --34 - 1 5 -18 +10 -1 +1 2 3 3 7 6 +3 +6 -7 +3 +1 -3 15 5 26 1- — 3 4 ..... 2 12 41 -5 -35 4 149 243 246 252 245 248 249 246 246 241 206 172 157 139 149 148 149 65 65 60 56 50 39 36 32 31 31 32 28 21 14 10 9 8 10 4 1 1 4 3 1 15 7 2 43 22 6 6 5 1 ARIZONA Number of active State banks at beginning of year or period ... Increases: Primary organizations Conversions: From private banks From National banks ReoDeninsrs of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified 1 1 1 1 1 1 1 1 — Total increases Decreases: Suspensions Consolidations mergers and absorptions Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period ... 6 1 3 7 1 1 1 1 3 1 4 1 1 5 1 4 3 6 3 1 2 1 1 1 1 2 5 1 73 12 6 6 12 3 -58 -5 -4 -6 -11 -3 7 60 56 50 39 36 32 31 403 403 406 403 402 393 398 73 8 9 3 9 5 1 _! 7 +1 -4 31 32 28 21 382 370 358 341 3 3 8 3 1 1 1 1 1 1 2 -4 7 _7 5 1 1 1 -4 -1 -1 14 10 9 8 7 248 225 218 152 178 175 4 3 5 5 6 34 1 31 6 4 1 27 -7 —1 ARKANSAS Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases N e t increase or decrease 2 5 78 31 3 i See footnotes appended to Table 3. 1 1 192 10 2 10 4 12 6 5 9 4 38 35 11 9 34 3 331 42 35 5 2 2 6 1 7 5 1 7 13 4 4 14 2 1 14 3 4 11 4 5 121 7 3 48 5 5 12 3 1 71 2 1 1 3 2 3 1 4 1 1 4 2 13 1 1 423 7 5 11 -231 +3 -3 —1 172 406 403 402 1 2 1 1 2 N u m b e r of active State banks at end of year or p e r i o d . . 1 1 1 3 ----- 1 1 7 22 17 21 21 131 58 18 75 8 6 3 -9 +5 -16 -12 -12 -17 -93 -23 -7 -66 +26 -3 -3 393 398 382 370 358 341 248 225 152 178 175 172 13 218 1107 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OP STATE BANKS DURING 1921-1936, BY STATES 1 —Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 CALIFORNIA Number of active State banks at beginning of year or period _._ Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions ._ _ Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases _ Net increase or decrease Number of active State banks at end of year or period 422 422 419 429 426 410 372 355 281 247 230 168 15 54 40 9 8 10 13 10 5 3 8 1 221 16 57 40 10 8 10 13 10 5 3 77 366 9 1 14 3 41 2 1 41 1 9 22 1 1 38 2 2 24 1 2 83 44 3 16 1 5 6 16 4 1 1 5 2 1 2 153 150 148 3 1 2 2 4 2 1 1 19 7 27 8 1 5 1 2 13 2 2 182 185 1 1 ] 209 10 2 1 468 19 47 43 26 46 27 87 44 22 12 26 36 3 13 -286 -3 + 10 -3 -16 -38 -17 -74 -34 -17 -9 -12 -24 -32 -3 -2 -12 136 419 429 426 410 372 355 281 247 230 221 209 185 153 150 148 136 255 255 244 229 209 195 188 177 168 159 153 145 128 106 81 79 76 18 3 1 1 1 6 1 1 2 1 1 2 12 5 COLORADO Total decreases Net increase or decrease Number of active State banks at end of year or period 12 1 2 3 6 1 6 2 7 18 2 1 6 8 2 8 10 2 1 1 1 7 140 46 34 11 to to 1 46 6 2 1 2 18 1 2 4 3 1 3 4 2 4 2 2 4 2 2 1 4 2 1 1 13 5 2 2 14 3 1 18 2 3 33 3 2 2 5 1 4 1 2 1 -* Total increases Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To National banks To private banks Unclassified. _ 2 1 CO CO Increases: Primary organizations Conversions: From private banks From National banks ReoDeninsfS of susDfndfd banks Reopenings (licensing) of unlicensed banks Unclassified -» Number of active State banks at beginning of year or period 226 18 16 22 17 12 9 9 8 8 18 23 38 7 -180 -11 -15 -20 -14 -7 -11 -9 -9 -6 -8 -17 -22 -25 -2 -3 -1 75 244 229 209 195 188 177 168 159 153 145 128 106 81 79 76 75 73 73 73 78 81 82 88 90 92 94 99 95 82 71 68 68 67 35 3 6 5 2 5 2 2 2 5 1 1 1 2 2 1 1 2 3 4 1 4 2 8 8 5 4 5 2 1 6 16 11 7 -4 -13 -11 -3 95 82 71 68 13 5 3 CONNECTICUT Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks ReoDeninss of susDPnded banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Suspensions Consolidations, mergers, and a b s o r p t i o n s . . Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease __ _ N u m b e r of active State banks at end of year or p e r i o d . . __ i See footnotes appended to Table 3. 1 5 1 44 3 fi 5 2 24 24 1 1 2 1 2 1 1 3 1 2 1 1 Decreases: 1 1 2 6 2 3 2 5 2 2 51 +5 +3 +1 66 1 1 73 78 81 82 +6 +2 +2 +2 +5 88 90 92 94 99 1 68 1 11 -1 -1 67 66 1108 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES 1 —Continued Total. 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 DELAWARE Number of active State banks at beginning of year or period Increases: Primary organizations, _ Conversions: From private banks.- . . . . . From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions,Voluntary liquidations Conversions: To National banks To private banks Unclassified - 20 20 21 23 11 — - 1 2 1 20 24 24 24 27 29 30 3 1 1 2 1 1 2 32 30 32 31 31 1 1 2 2 1 16 2 1 3 2 2 2 2 1 3 2 1 1 2 1 1 1 • • Total decreases Net increase or decrease Number of active State banks at end of year or period 30 2 1 6 +1 +2 +1 1 2 + 1 +2 -2 +2 -1 30 32 30 32 31 31 30 30 29 28 27 27 22 12 13 13 +3 +2 30 20 21 23 24 24 24 27 29 32 32 37 38 35 32 31 30 29 13 6 4 1 1 1 13 6 4 1 1 1 14 14 3 1 2 3 1 2 1 1 1 4 3 2 +10 -1 DISTRICT OF COLUMBIA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks __ Reopenings (licensing) of unlicensed banks. TJnclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntarv liouidations Conversions: To National banks To private banks Unclassified Total decreases Npt inorpasp or decrease Number of active State banks at end of year or period 1 1 ----- 1 4 1 1 10 1 1 32 1 3 -19 +5 +1 -3 13 37 38 35 32 214 214 217 222 133 9 12 1 6 68 12 4 1 2 224 10 14 19 20 262 41 23 6 6 4 3 3 1 1 1 ..... 5 10 -5 -10 +1 27 22 12 13 13 13 176 148 137 127 101 105 105 3 7 5 5 2 3 10 8 2 1 —1 -1 29 28 27 274 255 220 30 3 3 22 11 3 1 1 -1 -1 31 30 29 234 251 271 12 17 22 6 1 3 Q FLORIDA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks __ Reopenings (licensing) of unlicensed banks. Unclassified. _ Total increases Decreases: Suspensions Consolidations, mergers, and" absorptions._ Voluntary liquidations . Conversions: To National banks To nrivatB banks Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period i See footnotes appended to Table 3. 1 8 2 22 52 15 7 13 15 7 4 10 42 6 1 29 3 1 34 6 2 54 35 6 2 14 1 3 9 4 26 1 1 1 4 10 2 4 4 ..... 6 1 1 1 1 4 1 1 9 332 7 — 108 +3 +5 + 12 +17 +20 106 217 222 234 251 271 49 34 42 +3 -19 -35 274 255 220 43 18 14 36 6 —44 - 2 8 -11 -10 -26 +4 137 127 101 105 57 176 148 2 3 +1 105 106 1109 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 19211936 1935 1936 GEORGIA Number of active State banks at beginning of year or period... ._ Increases: Primary organizations . . Conversions: From private banks From National banks Reopenings of suspended banks. . Reopenings (licensing) of unlicensed banks. Unclassified . Total increases. . . . _ . ___ _ Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases ... Net increase or decrease Number of active State banks at end of year or period 617 617 574 557 534 514 482 397 381 353 329 58 5 6 2 6 2 11 6 2 2 1 12 2 89 2 6 1 1 1 1 1 28 13 6 4 22 169 34 20 5 13 7 34 13 3 6 4 4 2 6 396 88 58 62 12 2 18 17 11 9 28 3 2 24 11 2 105 7 6 18 23 3 3 17 11 1 28 4 4 31 1 10 17 3 6 9 1 3 3 g 1 1 1 1 1 1 1 2 256 230 222 221 224 3 .... 5 2 4 1 1 4 1 1 1 1 5 10 3 2 3 1 3 - 7 1 294 1 4 3 2 1 2 1 2 1 4 1 1 1 2 1 2 1 1 4 2 14 560 77 37 28 33 39 119 29 31 30 39 42 28 -391 -43 -17 -23 -20 -32 -85 -16 -28 -24 -35 -38 -26 -8 -1 226 574 557 534 514 482 397 381 353 329 294 256 230 222 221 224 226 138 138 124 114 109 105 103 99 91 95 94 95 87 75 42 38 37 =_____ 3 2 1 2 1 1 3 1 6 IDAHO Number of active State banks at beginning of year or period.. ._ . .. Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions _ __ Consolidations, mergers, and absorptions._ Voluntary liquidations. __ __ _______ Conversions: To National banks _ _ __ To private banks Unclassified Total decreases . . . __ Net increase or decrease. . . . . Number of active State banks at end of year or period ._ _. ._ 10 4 38 4 83 51 Q 15 143 18 6 2 6 4 13 14 2 1 =2 ~ 1 5 4 3 7 2 = 6 3 18 1 13 22 1 1 — -105 33 7 10 8 5 11 3 1 +4 +1 19 36 -12 -33 87 75 42 38 37 33 1,371 1,401 1,412 1,408 1,403 1,394 1,379 1,347 1,330 1,282 1,146 912 739 606 593 584 —14 - 1 0 124 114 109 105 103 99 91 95 94 95 8 1 4 -4 ILLINOIS Number of active State banks at beginning of year or period Increases: Primary organizations _ Conversions: From private banks From National banks _ _ Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified Total increases . . . __ _ Net increase or decrease Number of active State banks at end of year or period _ _._ i See footnotes appended to Table 3. 191 36 11 11 22 50 25 726 279 87 2 18 10 26 18 13 10 7 2 1 3 8 3 13 16 18 12 18 13 4 26 25 12 28 22 21 14 20 20 19 30 18 4 11 P 6 12 15 26 27 21 6 14 2: 26 32 105 48 3 201 38 14 163 16 10 138 6 8 9 17 25 107 23 335 Decreases: Suspensions Consolidations, mergers, and absorptionsVoluntary liquidations _ ._ Conversions: To National banks To private banks Unclassified Total decreases 1,371 4 1 1 3 2 3 30 1 8 1,13 20 14 -796 +30 +11 30 30 21 43 54 38 -15 -32 -17 62 254 163 31 13 - 4 8 -136 -234 -173 -133 -13 c -9 593 584 575 156 575 1,40 1,412 1,408 1,403 1,394 1,379 1,347 1,330 1,282 1,146 912 192 739 606 10 1110 FEDERAL RESERVE TABLE 5.—CHANGES IN THE N U M B E R OF BULLETIN NOVEMBER 1937 STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 INDIANA Number of active State banks at beginning of year or period _ Increases: Primary organizations _ . Conversions: From private banks _ From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified, __ Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified _. Total decreases . . . Net increase or decrease Number of active State banks at end of year or period— 647 647 668 696 713 723 109 16 20 14 10 5 58 12 93 47 7 12 13 12 5 1 3 1 4 1 326 29 37 27 16 9 9 15 9 12 26 441 127 18 3 4 6 3 6 1 3 4 1 7 6 4 8 21 7 19 23 19 12 2 74 16 3 3 8 1 1 1 1 3 2 1 1 1 712 697 663 640 573 480 5 5 3 6 8 4 2 1 1 4 2 4 1 1 5 1 2 15 718 5 444 353 385 1 5 4 3 2 1 10 11 22 1 2 5 3 2 14 23 2 26 17 49 39 6 83 30 6 47 5 1 135 5 6 1 1 1 1 3 2 20 388 6 4 2 6 14 30 43 35 93 119 53 140 7 +21 +28 +17 +10 -5 -6 -15 -34 -23 -67 -93 -36 -91 +32 723 718 712 697 663 640 573 480 444 353 385 388 376 1,355 1,355 1,339 1,329 1,309 1,237 1,185 1,112 1,074 1,026 1,001 925 747 636 398 524 540 14 5 13 21 11 5 3 5 1 1 2 66 8 111 1 2 1 4 597 -271 376 8 668 9 696 10 713 15 12 -12 IOWA Number of active State banks at beginning of year or period Increases: Primary organizations _. Conversions: From private banks.. From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases 150 12 4 9 5 5 11 12 11 11 25 11 79 181 13 5 5 2 1 1 1 1 1 4 4 6 7 16 20 14 2 2 1 1 3 2 459 21 13 17 13 22 35 29 14 15 2 14 9 95 133 19 8 17 13 7 7 13 3 27 9 68 14 2 53 18 3 89 13 6 37 24 6 39 18 5 23 13 3 57 17 4 163 29 114 6 326 5 1 4 3 1 2 1 3 1 7 3 5 - 7 6 - 1 7 8 — 111 - 2 3 8 +126 + 1 6 +3 Decreases: 1,021 Suspensions Consolidations, mergers, and absorptions. _ 200 46 Voluntary liquidations Conversions: To National banks 3 To private banks 1 Unclassified _Total decreases Net increase or decrease __ Number of active State banks at end of year 1 1 4 1 1 1 1 1,271 37 23 37 85 74 108 67 62 40 -812 -16 -10 -20 -72 -52 -73 -38 -48 -25 78 192 120 333 543 1,339 1,329 1,309 1,237 1,185 1,112 1,074 1,026 1,001 925 747 636 398 524 540 543 691 617 567 548 537 1 2 1 KANSAS Number of active State banks at beginning of vear or oeriod Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and" absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases. .. Net increase or decrease _Number of active State banks at end of year or period i See footnotes appended to Table 3. 1,104 1,104 1,105 1,080 1,049 1,036 1,006 67 17 1 10 46 8 5 943 887 850 819 764 4 2 1 7 10 10 6 4 2 3 3 5 9 1 1 8 6 1 1 1 3 2 7 7 5 3 1 1 137 17 10 15 19 8 12 8 4 4 5 1 3 21 6 3 1 402 250 55 11 2 2 20 12 2 33 8 1 13 16 3 19 14 3 \5 35 23 3 20 19 2 11 22 40 16 3 34 35 5 60 17 56 7 8 7 3 5 6 2 8 8 14 1 1 4 721 16 3 2 . 2 1 35 46 32 38 75 64 41 35 60 74 77 71 25 14 18 -25 -31 -13 -30 -63 -56 -37 -31 -55 -73 -74 -50 -19 -11 -17 520 1,105 1,080 1,049 1,036 1,006 943 887 850 819 764 691 617 567 548 537 520 -584 1111 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 1921 1922 19211936 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 KENTUCKY Number of active State banks at beginning of year or period Increases: Primary organizations . . Conversions: From private banks... _ From National banks. . Reopenings of suspended banks . . . Reopenings (licensing) of unlicensed banks. Unclassified _ .,_ Total increases.. _ Decreases: Suspensions Consolidations, mergers, and absorptionsVoluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases 464 464 464 468 471 473 465 457 446 437 430 396 378 355 332 337 335 79 5 12 9 10 6 4 4 6 2 3 2 4 1 5 2 4 2 2 11 7 3 4 2 3 1 1 1 118 5 12 9 10 6 6 5 6 2 7 13 11 8 7 6 5 143 81 12 3 1 2 6 3 1 5 2 1 6 6 1 7 6 8 6 7 6 2 1 7 1 27 14 23 8 28 4 2 19 6 2 1 1 1 4 2 2 3 1 8 1 1 1 2 2 1 4 248 Net increase or decrease Number of active State banks at end of year or period 1 1 3 30 4 2 4 5 -130 8 14 16 15 9 41 31 34 31 2 8 6 -f4 +3 +2 —8 —8 —11 —9 —7 —34 —18 —23 —23 4-5 —2 —1 8 6 14 334 464 468 471 473 465 457 446 437 430 396 378 355 332 337 335 334 240 240 231 231 228 216 214 202 200 195 191 183 171 161 118 119 120 49 6 5 3 2 4 4 6 5 1 2 9 2 2 26 1 1 2 1 1 1 2 1 78 7 7 4 2 5 7 7 5 11 c c 2 5 2 2 11 1 4 3 10 7 2 4 3 ..... 7 LOUISIANA Number of active State banks at beginning of year or period ._ _. Increases: Primary organizations Conversions: From private banks _ __ From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases.._ Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period _ _ 126 69 1 1 3 2 8 4 6 2 8 13 3 9 5 7 5 2 13 4 51 4 2 _____ 1 1 1 2 2 1 1 1 1 202 16 — 124 n 116 231 231 228 216 55 55 55 55 54 10 1 19 9 10 5 14 18 56 — 12 —2 —5 —4 —8 —12 —10 —43 214 202 200 195 191 183 171 161 118 54 53 52 50 48 47 44 38 1 1 14 7 —3 — 12 7 _ 2 14 2 4 +1 4-1 —4 119 120 116 38 29 31 31 4 2 MAINE Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases _ Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Number of active State banks at end of year or period . i See footnotes appended to Table 3. 1 1 •j 1 4 L 1 16 1 1 1 3 2 8 1 20 19 1 1 2 4 16 6 17 —3 —6 —9 +2 44 38 29 31 3 1 2 1 1 2 40 i 3 3 1 24 55 55 54 54 53 52 50 48 47 38 1 31 31 1112 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 MARYLAND Number of active State banks at beginning of year or period. Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified --- -- Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified 143 143 141 144 146 146 142 143 142 35 3 3 2 3 1 3 1 2 135 133 1 118 125 109 2 4 10 8 1 24 2 7 1 31 17 1 46 1 __ — 1 1 126 126 1 1 13 32 2 1 83 3 68 33 2 3 3 3 3 1 3 1 2 3 5 2 2 5 5 3 2 3 10 1 3 1 3 15 3 3 4 4 18 3 47 2 -15 +7 -16 +17 118 125 109 126 126 124 100 85 81 78 79 76 2 1 2 1 1 1,02 Total decreases Net increase or decrease Number of active State banks at end of year or period __ - --- 139 1 5 2 2 -4 +1 -1 146 142 143 142 139 102 96 95 93 94 95 98 102 1 1 1 3 4 4 1 -19 -2 +3 +2 124 141 144 146 112 112 106 1 3 5 135 133 2 -2 MASSACHUSETTS Number of active State banks at beginning of year or period Increases: Primary organizations ___ _ Conversions: From private banks _ From National banks __ _ . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases _. _ _ Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks . . _ To private banks . Unclassified Total decreases.. _ Net increase or decrease Number of active State banks at end of year or period _ .. .. . 19 1 1 1 1 24 25 31 1 5 1 1 1 5 4 2 4 62 1 1 1 6 1 _____ 3 4 2 1 4 2 1 1 4 2 2 14 2 2 1 2 6 1 3 2 7 3 2 Q 2 7 2 2 2 1 4 16 -4 " -6 —1 2 +1 +1 +3 -2 — 15 5 1 1 3 -38 1 5 -4 -3 74 106 102 96 95 93 94 95 98 102 100 85 81 78 79 76 74 560 560 572 581 587 600 607 607 616 616 611 596 483 441 292 372 393 104 6 12 6 14 10 8 6 2 3 3 2 5 2 1 10 2 5 4 2 15 3 9 36 1 2 3 30 23 68 4 20 1 72 2 MICHIGAN Number of active State banks at beginning of year or period ..Increases: Primary organizations . __ . Conversions: From private banks _ _ _ From National banks _ Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified _ Total increases 374 Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases..N e t increase or d e c r e a s e __. . .._ N u m b e r of active State b a n k s at end of year or period 1 See footnotes appended to Table 3. 1 74 160 16 409 124 6 2 1 14 12 18 13 8 20 11 1 1 1 2 1 6 8 10 1 1 4 2 1 1 12 3 13 4 15 1 6 33 94 84 26 85 34 72 2 1 234 1 1 8 1 4 4 547 4 -173 +12 +9 +6 +13 +7 387 572 581 587 600 607 6 6 8 11 11 17 +9 607 616 20 119 -15 -113 616 611 596 483 75 8 243 4 5 - 4 2 -149 +80 +21 g 292 372 393 387 441 1113 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES 1 —Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932. 1933 1934 1935 1936 MINNESOTA Number of active State banks at beginning of year or period Increases: Primary organizations _ __ _ _ _ Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions _____ Consolidations, _mergers, -and absorptions.. Voluntary liquidations Conversions: To National banks To private banks . _. . . . Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period - 1,178 1,178 1,163 1,154 1,121 1,074 1,043 947 877 817 775 729 627 565 482 476 482 2 ..... 4 3 7 7 1 1 3 - 101 7 3 12 7 14 7 3 5 7 13 17 99 30 10 1 2 13 11 15 2 12 2 8 9 9 3 3 1 7 4 1 1 1 3 1 3 2 30 257 11 17 24 22 28 17 15 15 13 16 10 4 36 5 10 14 619 256 28 18 5 1 15 8 1 42 13 1 47 16 2 35 19 2 79 29 1 53 21 4 43 26 5 30 23 21 36 2 88 22 2 52 14 95 14 1 5 3 3 1 2 3 23 2 2 1 2 2 7 1 1 1 2 2 1 2 8 4 5 2 18 3 2 944 26 26 57 69 59 113 85 75 55 -687 -15 -9 -33 -47 -31 -96 -70 -60 -42 491 1,163 1,154 1,121 1,074 1,043 947 877 817 775 301 294 291 5 2 112 66 119 -46 -102 -62 -83 -6 +6 +9 729 627 565 482 476 482 491 284 272 216 202 209 185 188 184 1 2 2 3 1 2 34 15 3 7 2 4 1 2 62 11 MISSISSIPPI Number of active State banks at beginning of year or period Increases: Primary organizations. _____ __ Conversions: From private banks _ From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified _. . Total increases 306 306 307 301 306 299 56 7 9 9 4 10 57 11 1 5 2 1 4 36 18 11 6 6 1 5 3 1 7 3 2 56 3 48 1 1 11 29 1 3 1 1 13 60 50 11 35 3 4 -12 -56 — 14 +7 -24 +3 —4 272 216 202 209 185 188 184 183 Number of active State banks at beginning of year or period .. ... -_ .__ . 1,532 1,532 1,523 1,510 1,495 1,462 1,418 1,340 1,285 1,214 1,148 1,014 883 798 546 614 615 2 Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To National banks _. _ . . . . To private banks . .. _ Unclassified Total decreases^ _ __ . _____ 124 7 9 9 4 10 193 31 8 4 2 10 4 2 1 3 4 4 2 1 1 1 4 1 15 4 11 8 10 6 _ 1 2 3 1 5 5 247 6 Net increase or decrease -123 Number of active State banks at end of year 183 or period . _ +1 -6 +5 -7 +2 307 301 306 299 301 7 8 9 Q 294 291 284 3 MISSOURI Increases: Primary organizations Conversions: From private banks._ __ From National banks. Reopenings of suspended banks. Reopenings (licensing) of unlicensed banks. Unclassified Total increases. . _ ...... Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases ___ . 171 24 8 18 15 14 5 9 7 2 6 6 5 7 30 13 4 81 53 7 2 3 1 6 4 1 14 8 9 6 3 1 3 8 7 4 2 5 49 2 3 3 316 32 18 22 30 22 14 15 10 3 9 14 13 13 84 15 2 833 349 53 16 23 2 11 17 1 21 12 2 41 20 2 43 20 1 56 24 10 45 21 3 31 43 7 22 44 2 97 39 7 110 34 1 72 20 6 242 11 1 7 5 3 5 5 4 11 1 2 2 2 2 1 1 1 14 26 12 1 1 10 10 1,257 41 31 37 63 66 92 70 81 69 143 145 98 265 16 Net increase or decrease - 9 - 1 3 - 1 5 - 3 3 - 4 4 - 7 8 - 5 5 - 7 1 - 6 6 - 1 3 4 - 1 3 1 ^ 8 5 - 2 5 2 +68 -941 Number of active State banks at end of year 591 1,523 1,510 1,495 1,462 1,418 1,340 1,285 1,214 1,148 1,014 883 798 546 614 or period._ __ _ _ . 1 See footnotes appended to Table 3. 14 +1 ~^24 615 591 1114 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 MONTANA Number of active State banks at beginning of year or period. _ Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: SuspensionsConsolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To National banks To private banks Unclassified_ Total decreases _ Net increase or decrease Number of active State banks at end of year or period _ 275 275 260 19 242 183 153 145 5 4 1 2 1 2 2 137 134 131 128 1 2 116 4 3 38 3 5 6 6 3 2 177 28 30 15 3 22 60 3 2 28 2 6 7 3 1 6 1 3 74 74 1 1 1 1 1 1 3 4 5 2 2 1 2 1 1 1 1 2 1 2 2 9 2 2 8 4 3 4 4 16 1 1 1 1 1 1 2 2 2 3 15 7 3 1 74 74 74 433 271 299 300 1 _____ 7 7 5 9 9 4 31 1 14 22 45 c 5 101 6 8 48 178 6 6 6 1 4 2 1 5 36 -30 260 242 183 1,010 1,010 984 69 3 90 41 4 1 209 4 5 5 8 7 8 8 10 24 23 12 710 126 43 25 4 1 23 9 15 7 13 6 20 10 22 6 1 22 49 15 1 149 20 4 42 24 4 18 10 3 14 65 -59 18 11 4 23 — 15 - 1 8 74 82 2 1 15 3 239 95 1 1 —201 102 -7 17 -8 -8 -3 —3 -3 -12 -14 153 145 137 134 131 128 116 102 95 82 956 938 927 904 883 857 798 646 580 475 4 4 8 6 7 5 8 1 1 2 1 1 2 23 22 10 -13 9 -8 NEBRASKA Number of active State banks at beginning of year or period Increases: Primary organizations ... Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptionsVoluntary liquidations Conversions: To National banks To private banks Unclassified _.. Total decreases Net increase or decrease Number of active State banks at end of year or period _ 1 1 1 38 1 1 5 1 2 13 i 919 30 33 23 19 30 29 34 69 -710 -26 -28 -18 -11 -23 -21 -26 -59 300 984 956 938 927 904 883 857 798 646 580 24 24 25 24 23 23 24 24 25 25 25 6 2 117 56 184 17 8 152 - 6 6 - 1 0 5 -42 162 +28 +1 475 433 271 299 300 300 25 22 6 4 4 176 89 NEVADA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified „ Total decreases Net increase or decrease N u m b e r of active State b a n k s at end of year or period 1 See footnotes appended to Table 3. 2 1 1 1 1 1 1 9 2 20 6 1 28 1 2 1 — 19 +1 —1 —1 25 24 23 1 1 1 1 1 1 1 1 1 1 1 2 1 14 2 3 16 1 1 • 1 +1 +1 23 24 24 25 -3 25 25 25 22 — 16 6 1 i 5 1 +1 —1 4 4 5 NOVEMBER 1937 1115 FEDERAL RESERVE BULLETIN TABLE 5.—CHANGES IN THE NUMBEE OF STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 14 14 1934 1935 1936 NEW HAMPSHIRE Number of active State banks at beginning of year or period __ Increases: Primary organizations Conversions: From private banks... From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified _ ___ . . Total increases Decreases: Suspensions Consolidations, mergers, and absorptions Voluntary liquidations Conversions: To National banks. To private banks Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period. _ __ 14 14 14 14 15 1 16 15 15 15 15 15 15 13 13 IS 1 1 1 1 1 1 3 1 3 1 1 1 = 1 1 1 1 2 +T: —1 —1 —1 4 1 1 • 13 14 14 15 16 15 15 15 15 15 15 14 14 13 13 13 13 154 154 162 174 187 198 212 237 247 238 236 230 183 173 161 163 162 110 7 9 14 13 10 11 22 19 2 6 2 1 3 2 1 1 2 1 2 NEW JERSEY Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. . Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease _____ Number of active State banks at end of year or period 1 1 12 19 10 158 9 14 15 12 1 1 1 1 1 14 25 56 91 3 152 1 2 2 1 1 1 3 4 5 8 5 2 1 1 22 3 8 3 1 3 11 13 3 2 12 12 1 8 2 7 22 25 1 3 9 1 17 6 8 3 2 2 1 3 4 1 2 1 2 1 48 13 23 11 +10 -9 -2 -6 —47 —10 —12 +2 237 247 238 236 230 183 173 161 163 162 160 34 31 30 30 29 27 24 22 16 18 19 12 1 +6 +8 +12 +13 +11 +14 +25 160 162 174 187 198 212 78 78 70 63 50 40 1 2 12 10 9 4 _2 NEW MEXICO Number of active State banks at beginning of year or period.._ ._ Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified Total increases. Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liciuidations Conversions: To National banks To private banks Unclassified _ Total decreases Net increase or decrease Number of active State banks at end of year or period 1 See footnotes appended to Table 3. 7 2 7 1 1 1 2 16 1 3 3 2 46 17 10 6 2 2 7 1 12 11 1 1 8 1 I 1 10 13 13 8 1 1 1 1 3 1 1 1 1 3 4 1 2 1 2 1 3 3 1 1 4 2 1 1 1 75 —59 19 1 9 -8 70 -7 63 -13 -10 50 40 -6 34 3 -3 31 1 1 -1 30 30 1 2 -1 o -3 -2 29 27 24 22 6 2 -6 +2 +1 18 19 16 19 1116 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES 1 —Continued Total 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 19211936 NEW YORK Number of active State banks at beginning of year or period . Increases: Primarv organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unolassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks _ .. ... UnclassifiedTotal decreases Net increase or decrease Number of active State banks at end of year or period _ __ 336 339 342 358 371 376 390 383 381 374 364 325 320 115 7 8 18 15 9 15 9 11 13 7 1 1 1 25 8 14 2 17 2 2 6 1 3 1 2 5 4 1 1 1 1 1 1 1 4 5 181 9 11 25 19 11 24 10 13 61 129 8 2 3 1 6 2 8 4 1 5 1 8 1 16 13 1 1 1 1 1 9 6 336 1 318 319 318 6 1 3 2 37 6 10 15 8 2 5 23 6 2 19 4 13 28 13 2 7 1 21 4 2 3 1 1 1 1 15 22 5 1 205 6 -24 +3 +3 +16 +13 +5 +14 -7 -2 312 339 342 358 371 376 390 383 381 513 513 508 485 476 457 433 407 53 13 7 8 5 2 3 1 2 6 54 23 32 2 1 1 1 1 170 16 8 12 6 2 4 2 1 3 11 35 11 322 12Q 37 14 4 3 7 20 1 16 5 11 12 1 12 10 3 12 12 6 12 11 4 5 7 4 17 2 83 14 2 49 9 26 6 5 1 1 8 17 18 41 10 7 -10 -39 -5 -2 +1 374 364 325 320 318 319 318 312 382 366 350 262 239 213 191 201 200 1 1 3 5 1 2 1 1 1 8 30 10 25 6 —6 NORTH CAROLINA Number of active State banks at beginning of year or period _. .. Increases: Primary organizations Conversions: From private banks From National banks _._ Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. UnclassifiedTotal increases Decreases: Suspensions ._. Consolidations, mergers, and absorptions.. Voluntary liquidations. -- Conversions: To National banks.. .._ To private banks Unclassified Total decreases . _ _ _ _ -__-___ Net increase or decrease _. Number of active State banks at end of year or period 1 1 1 1 2 3 7 1 14 1 1 40 16 2 1 58 1 2 3 3 1 2 3 1 8 30 1 1 486 21 31 21 25 26 30 27 17 19 99 58 37 62 6 3 4 -316 -5 -23 -9 -19 -24 -26 -25 -16 -16 -88 -23 -26 -22 +10 3 197 508 485 476 457 433 407 382 366 350 262 239 213 191 201 200 197 694 694 659 657 566 509 482 408 373 337 288 214 160 151 135 137 137 9 7 2 1 6 3 4 2 NORTH DAKOTA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks __ From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions. . . . ___ . . __. Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To National banks To private banks. Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period _ ._ i See footnotes appended to Table 3. 35 3 5 4 1 10 56 18 8 119 8 17 2 15 10 1 6 3 3 6 5 515 124 26 35 11 8 85 66 4 1 25 8 3 48 25 2 33 6 2 33 4 2 29 15 51 26 2 53 4 2 13 3 1 1 12 2 3 1 3 1 3 4 7 2 3 8 13 1 4 24 5 2 34 1 4 1 1 2 1 5 7 1 1 1 1 679 43 -560 -35 134 659 19 657 93 72 37 75 41 39 52 80 59 16 40 3 -91 -57 -27 -74 -35 -36 -49 -74 -54 -9 -16 +2 566 509 482 408 373 337 288 214 160 151 135 137 2 8 137 134 3 1117 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES 1 —Continued Total 19211936 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 OHIO Number of active State banks at beginning of year or period _ Increases: Primary organizations . . . . . Conversions: From private banks _ .From National banks _. Reopenings of suspended banks . . Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To National banks _ To private banks Unclassified.. . ... Total decreases Net increase or decrease _ . Number of active State banks at end of year or period 627 627 626 640 651 655 658 651 643 638 629 597 504 493 409 436 75 7 10 10 9 4 5 7 3 5 2 2 3 4 3 1 55 2 73 30 11 7 15 10 6 4 1 3 6 1 4 1 1 1 3 246 14 25 21 15 10 6 11 14 7 5 293 122 6 1 13 11 1 8 3 8 1 6 5 8 12 7 9 9 1 8 8 20 17 4 1 425 ..... 1 2 ..... 2 2 1 14 10 21 8 20 8 12 1 3 2 7 19 43 32 14 3 86 13 1 21 8 1 125 2 3 1 2 1 15 11 10 1 1 1 11 37 100 9 -32 -93 629 597 504 493 409 436 448 448 334 333 324 302 274 246 199 195 191 5 6 4 6 3 1 2 2 3 2 3 2 5 17 1 5 1 8 5 2 6 2 4 19 8 13 19 19 7 8 -5 658 651 643 638 420 372 368 357 10 7 8 3 4 9 4 4 8 2 3 1 +14 +11 448 +4 +3 16 30 5 127 11 - 8 4 -179 -1 448 626 640 651 655 614 614 556 463 74 5 7 63 52 24 8 1 9 7 221 15 14 23 15 18 7 10 11 22 12 16 9 35 333 148 41 24 20 31 8 36 10 2 41 17 3 11 7 2 13 5 20 10 1 3 20 9 2 16 15 3 22 17 5 23 8 6 69 5 6 113 26 64 18 2 11 3 4 2 3 +27 +12 OKLAHOMA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks _ _ . Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified _____ Total increases.. Decreases: Suspensions Consolidations, mergers, and absorptions._ Voluntary liquidations Conversions: To National banks To private banks _. Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period 2 1 • 1 5 7 1 5 5 2 3 1 4 4 1 2 2 5 2 31 34 44 37 82 11 9 4 -9 -22 -28 -28 -47 —4 —4 -2 333 324 302 274 246 199 195 191 189 168 152 150 140 132 115 88 48 52 52 4 2 1 2 1 2 646 73 107 66 63 22 18 33 -425 -58 -93 -43 -48 -4 -11 -23 189 556 463 420 372 368 357 334 189 189 183 181 178 181 176 28 2 4 2 6 2 1 6 6 1 42 4 6 2 7 1 93 67 9 4 5 6 3 3 2 3 1 1 7 1 1 1 1 1 179 10 8 5 4 6 -137 -6 -2 52 183 181 12 OREGON Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified _ __ _ Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease _ . Number of active State banks at end of year or period i See footnotes appended to Table 3. 1 ..... 1 1 1 2 2 6 5 2 1 4 3 10 9 1 2 2 1 1 6 1 1 2 3 2 6 1 2 5 1 10 9 18 11 1 27 12 1 2 1 30 42 2 27 - 4 0 +4 1 52 52 2 2 1 3 Q +3 178 181 176 8 20 -8 -16 168 15 10 9 19 2 -10 -8 -17 140 132 115 5 150 88 48 1 5? 1118 FEDERAL RESERVE BULLETIN TABLE 5.—CHANGES I N THE N U M B E R OF STATE BANKS DURING Total NOVEMBER 1937 1921-1936, B Y STATES1—Continued 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 19211936 PENNSYLVANIA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified Total increases _ Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases Net increase or decrease Number of active State banks at end of year or period _ 612 612 631 657 692 707 719 711 695 689 206 25 28 41 24 20 9 7 9 4 1 5 1 2 2 1 2 2 2 1 1 16 8 7 6 1 1 1 657 614 492 2 26 207 231 6 3 4 30 385 36 1 1 1 390 1 1 1 2 1 47 29 22 11 9 11 5 4 8 1 12 3 5 1 15 1 23 1 13 4 33 1 2 3 1 3 1 21 4 1 5 9 34 1 3 1 41 7 1 86 31 4 22 42 71 6 1 1 1 1 1 2 2 3 1 1 1 2 2 467 348 1 244 —223 429 7 10 19 25 +19 +26 +35 +15 +12 -8 -16 4 12 14 17 -6 37 -32 123 66 82 4 2 2 - 4 3 -122 -63 -81 +37 +5 -1 43 389 631 657 692 707 719 711 695 689 657 614 492 429 348 385 390 389 16 16 16 15 13 14 13 13 13 14 15 16 16 15 14 14 14 1 1 1 1 RHODE ISLAND Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks _ . ... From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified. 1 9 1 1 1 1 5 1 2 1 1 1 1 1 1 1 Total decreases Net increase or decrease Number of active State banks at end of year or period 1 1 1 _2 2 -1 +1 —1 +1 14 16 15 13 14 13 13 13 14 377 377 365 346 321 300 269 228 206 115 5 3 1 31 8 1 2 2 155 6 5 c 5 15 7 7 6 297 83 18 g 15 36 42 6 22 6 17 1 26 1 1 23 c ] 18 24 +1 +1 1 1 —1 —1 16 16 15 14 14 14 14 158 126 90 109 103 116 124 1 1 26 15 15 11 5 2 1 8 4 3 3 2 34 21 13 16 23 11 1 29 8 1 15 25 SOUTH CAROLINA Number of active State banks at beginning of year or period 186 Increases: Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified. _. Total increases Decreases: Suspensions. _ Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases.. . . . Net increase or decrease . . . Number of active State banks at end of year or period 1 See footnotes appended to Table 3. 1 403 -248 129 t 28 26 46 —12 — 19 - 2 5 -21 -31 321 300 269 365 346 2 2 1 1 29 26 31 35 38 15 -20 -28 -32 -36 +19 158 126 90 109 228 206 186 21 1 11 6 1 2 —41 - 2 2 48 c 8 1 —6 +13 +8 +5 27 103 116 124 129 1119 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS'JDURING 1921-1936, BY STATES1—Continued Total 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936] 19211936 SOUTH DAKOTA Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks... From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. _ Voluntary liquidations Conversions: To National banks To private banks Unclassified. _ Total decreases Net increase or decrease Number of active State banks at end of year or period 561 561 560 558 520 432 382 321 318 41 2 6 3 10 6 3 1 4 3 43 3 95 1 1 5 294 235 184 1 3 2 2 27 1 1 2 12 5 14 2 52 10 60 4 16 1 1 314 168 147 148 147 2 2 1 1 1 3 4 144 2 8 3 18 9 46 28 3 491 55 11 1 2 9 1 39 1 1 98 3 4 51 101 6 25 4 1 4 3 7 1 1 1 5 13 6 1 2 20 3 1 1 2 2 4 1 562 3 10 41 106 59 107 31 20 64 65 18 21 -418 —1 -2 -38 -88 -50 -61 —3 -4 -20 -59 -51 -16 -21 +1 -1 -4 143 560 558 520 432 382 321 318 314 294 235 184 168 147 148 147 143 462 462 470 466 461 452 443 424 406 396 384 356 314 284 259 258 253 87 16 7 9 10 7 4 5 4 9 4 4 1 1 3 1 2 3 29 1 6 4 5 10 1 4 1 2 4 1 1 5 4 4 5 6 13 7 4 6 TENNESSEE Number of active State banks at beginning of year or period Increases: Primary organizations ._ Conversions: From private banks . From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified _ Total decreases Net increase or decrease Number of active State banks at end of year or period _ _ 2 1 2 3 3 122 17 7 10 10 9 4 5 4 11 10 8 9 11 175 124 34 3 4 1 8 3 11 5 11 3 7 8 2 12 10 1 17 4 2 4 9 1 12 7 3 26 9 2 27 22 1 25 6 8 29 6 9 2 2 1 1 1 23 38 11 15 1 19 18 23 23 14 50 39 36 5 —12 —28 —42 —30 —25 —1 —5 — 11 314 284 259 258 253 242 699 658 594 544 480 456 439 4 4 4 9 5 1 5 342 9 —220 +8 -4 —5 -9 -9 —19 242 470 466 461 452 443 424 406 396 384 356 1,031 1,031 1,001 969 951 931 834 783 759 716 19 4 11 10 19 —18 —10 1 TEXAS Number of active State banks at beginning of year or period _ Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases.. Decreases: Suspensions Consolidations, mergers, and absorptionsVoluntary liquidations Conversions: To National banks... _ _ To private banks Unclassified Total decreases 152 28 8 11 10 20 11 52 8 6 4 1 2 6 5 1 3 249 35 17 17 14 22 7 26 15 21 9 16 298 305 99 33 26 19 13 8 14 13 2 23 15 1 26 18 4 25 20 16 35 6 23 7 17 27 6 46 30 3 12 1 15 80 10 1 1 150 3 £ 2 1 1 i 2 15 1 11 2 2 4 1 3 10 17 9 9 5 21 28 11 37 21 18 g 9 3 9 14 3 9 7 2 15 26 21 1 1 6 3 3 857 1 6 65 49 35 34 119 58 50 58 38 50 80 60 81 33 —608 —30 —32 — 18 - 2 0 - 9 7 —51 - 2 4 - 4 3 —17 —41 - 6 4 - 5 0 - 6 4 - 2 4 - 1 7 - 1 6 Net increase or decrease Number of active State banks at end of year or period . . - - . 423 1,001 969 951 931 834 783 759 716 699 658 594 544 480 456 439 423 i See footnotes appended to Table 3. 1120 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES1—Continued Total 1922 1921 19211936 1924 1923 1925 1927 1926 1928 1929 1930 1932 1931 1933 1934 1935 1936 UTAH Total decreases .- Net increase or decrease Number of active State banks at end of year or period - - -- 106 100 7 1 1 7 1 14 2 1 46 27 1 7 1 1 3 2 8 4 2 74 97 95 94 1 1 93 91 87 85 1 84 82 Q 1 1 _ 1 1 2 2 —1 2 2 4 -4 -2 4 -6 46 100 97 95 94 93 91 87 38 38 38 39 40 40 40 40 45 46 1 1 3 1 1 —1 85 84 40 40 -2 -60 46 5 2 2 59 1 1 1 72 1 5 8 2 14 4 8 1 10 18 13 1 1 to Total increases Decreases: Suspensions -- -Consolidations, mergers, and absorptions.. Voluntary liquidations . -Conversions: To National banks To private banks .-. ._ Unclassified -. -- 106 -10 -13 -13 —1 +1 OO to Increases: Primary organizations _ _._ Conversions: From private banks From National banks _ . _. Reopenings of suspended banks. Reopenings (licensing) of unlicensed banks. Unclassified to to dumber of active State banks at beginning of year or period _ __ _. 72 59 46 45 46 46 39 38 36 36 33 35 35 3 VERMONT Increases: Primary organizations Conversions: From private banks _ _ -From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks _. Unclassified .. Total decreases.. Net increase or decrease Number of active State banks at end of year or period VIRGINIA Number of active State banks at beginning of year or period Increases: Primary organizations - .. Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks Unclassified-__ --Total increases Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks ... To private banks Unclassified- __ Total decreases Net increase or decrease. Number of active State banks at end of year or period 1 See footnotes appended to Table 3. 1 1 1 1 1 1 2 1 5 1 1 1 5 8 1 +1 +1 4 2 1 _o 2 1 2 _1 —1 _2 4 —3 +2 35 38 39 40 40 40 40 40 40 39 38 36 36 33 35 35 35 337 337 332 325 325 322 318 318 311 306 300 275 248 228 193 195 195 61 10 10 8 7 4 3 2 2 3 4 1 1 1 1 1 1 1 24 1 2 1 1 1 13 1 1 1 5 9 9 112 10 122 108 10 10 8 7 5 5 5 ; 6 7 8 10 16 6 7 256 15 17 5 5 c L 5 8 2 12 c — 14 19 332 325 325 322 318 318 311 17 i 306 8 18 9 31 11 6 15 4 20 6 2 26 27 to to Number of active State banks at beginning of year or period 2 10 27 44 26 55 —6 —25 —27 —20 —35 +2 300 275 248 228 193 195 1 3 -2 195 193 1121 FEDERAL RESERVE BULLETIN NOVEMBER 1937 TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, BY STATES 1 —Continued Total 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 19211936 WASHINGTON Number of active State banks at beginning of year or period . Increases: Primary organizations.. Conversions: From private banks _ _ _ _ ._ From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions _ Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases 306 306 295 275 268 257 251 37 6 2 3 1 7 3 1 1 2 12 22 244 239 234 224 194 1 6 3 1 2 166 134 127 2 1 1 1 2 2 15 3 6 1 9 1 2 2 1 7 1 1 6 3 4 1 8 5 1 1 7 3 1 4 17 129 67 21 11 4 5 4 5 4 7 4 1 4 1 7 2 4 4 1 2 3 6 4 1 2 5 3 16 10 4 23 4 2 44 8 14 2 2 1 1 3 1 30 128 2 73 _ 2 2 3 1 1 251 Net increase or decrease _ -_ Number of active State banks at end of year or period _ 254 —178 17 23 — 11 —20 31 32 55 3 —5 —5 — 10 - 3 0 -28 -38 +6 8 _7 +1 12 14 2 11 6 —7 — 11 —6 +3 — 10 11 12 13 1 128 295 275 268 257 251 254 244 239 234 224 194 166 128 134 127 128 219 219 221 219 221 222 220 219 213 205 182 169 131 132 102 103 104 28 5 4 4 3 4 1 1 1 1 3 7 1 5 1 3 1 1 1 3 4 2 4 2 1 1 3 1 WEST VIRGINIA Number of active State banks at beginning of year or period _. Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified... Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. . Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases ___ . 1 21 1 1 53 5 4 106 52 1 1 4 4 3 4 1 2 2 3 3 2 4 4 4 4 1 1 8 9 1 13 11 5 8 39 7 4 4 28 1 1 1 1 1 1 164 3 -111 Net increase or decrease.._ _ Number of active State banks at end of year 108 or period .__ _ +2 6 2 2 +2 6 2 8 8 24 14 46 8 31 —2 —1 -6 -8 -23 -13 -38 +1 -30 +1 +1 +4 221 219 221 222 220 219 213 205 182 169 131 132 102 103 104 108 830 830 844 841 840 829 824 815 807 804 796 774 731 651 354 514 508 74 15 7 11 2 3 4 6 10 8 2 2 1 1 1 1 1 1 4 2 2 1 11 10 5 1 41 182 2 8 WISCONSIN Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified Total increases Decreases: Suspensions Consolidations, mergers, and absorptions. . Voluntary liquidations Conversions: To National banks To private banks Unclassified Total decreases, ___ Net increase or decrease Number of active State banks at end of year or period . _. \ See footnotes appended to Table 3. 6 55 231 366 15 7 535 133 16 1 6 1 14 4 11 1 10 2 7 6 8 10 10 10 14 1 1 1 13 9 13 12 13 48 188 11 1 11 23 12 41 13 1 63 29 1 3?8 14 2 5 22 5 10 1 8 1 1 1 2 2 1 1 12 696 1 -330 +14 -3 —1 -11 c 500 844 841 840 829 824 10 15 15 15 16 13 17 35 55 -9 -8 —3 -8 -2? -43 815 807 804 796 774 731 28 17 9 - 8 0 - 2 9 7 +160 -6 s 354 508 500 93 651 345 514 1122 FEDERAL RESERVE BULLETIN NOVEMBER TABLE 5.—CHANGES IN THE NUMBER OF STATE BANKS DURING 1921-1936, Total 19211936 1921 1922 1923 1924 108 108 102 96 87 16 4 6 8 1 1925 1926 1927 1928 1929 1937 STATES1—Continued BY 1930 1931 1932 1933 1934 1935 1936 34 33 1 1 WYOMING Number of active State banks at beginning of year or period Increases: Primary organizations Conversions: From private banks From National banks Reopenings of suspended banks Reopenings (licensing) of unlicensed banks. Unclassified __ Total increases. _ _ . Decreases: Suspensions Consolidations, mergers, and absorptions.. Voluntary liquidations Conversions: To National banks To private banks Unclassified ._. Total decreases. __ __ Net increase or decrease Number of active State banks at end of year or period i See footnotes appended to Table 3. 2 ..... 71 5 3 1 4 62 59 57 60 2 1 1 1 2 2 1 2 3 3 2 3 2 1 4 60 57 53 46 37 3 3 1 2 4 1 3 4 2 3 1 1 31 5 2 3 11 58 44 5 7 4 4 4 7 5 24 3 107 11 8 12 27 —76 —6 —6 —9 —16 32 102 96 87 71 3 6 9 -9 62 1 1 2 5 5 —3 —2 +3 59 57 60 60 3 4 7 9 3 —3 —4 —7 —9 —3 57 53 46 37 34 1 i 33 1 —1 32
@FedFRASER