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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

44

34

43

231
104

160
91

176
56

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

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.
2 Except reopenings (licensing) of unlicensed banks following the banking holiday in 1933, included in the next item.
3
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, of which there were 374, are not included in the table (either as suspensions or reopenings).
4
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.
2 Except reopenings (licensing) of unlicensed banks following the banking holiday in 1933, included in the next item.
3
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' were in operation in prior years
;vhich
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

10
2
1

3

23

3

40
17
1

102

103

1

106

1

10

2

106

1
1

2
1
1

107

107

97

2

1

4

2

1

1

2
1

69

77

2

2

7
5

69

1
1

2

2

72

1 .....

3

3

3
8
5

1

6

11

3

1
1

59

-1

69

107

21

21

21

-36

84

2

2

1

1

104

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

106

102

103

104

106

107

22

20

19

17

15

15

12

13

-10

-13

-7

-8

+3

-3

107

97

84

77

69

72

69

69

15

14

13

11

10

8

8

7

+1 +1 +2 +1

1

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

2

+1

— 14

—2

2
2
—1 _ 2

' 2

1

1

2

1

2

2

—2

1

—1

-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

1
1

i

68

2

—35

—2

50

83

5

1
^ ^
i

1

2

1

3
4
1

2

1
1
5

1

1

2
2

89

2

6

2

2

1

87

1

87

8

3

—6

-

78

8

1

8
2

78

20

9

1

8

—6 — 18

1

1

2

1

1

1

—3

81

13
7

—3

+1

—6

54

51

52

46

7

72

50

=

=

+2 +4
85

5

1
1

1

2

1

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

2]
14
5
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

1

12

123

120

116

105

63

65

65

62

61

1

2

1

1

2

1

2
1

1

131

127

124

62

62

62

63

9

1

1

2

9

1

1

2

1

1

3

7

27

3

—7 -24

+7

98

74

81

81

78

61

58

54

54

54

54

54

54

1
2

1
1

3
-3

5

1

1

54

1
2

1

140

1

1

-11

143

1
1

26

4

1

-3

2

6
1

-4

-4

21

7
4
1

3

4

-9

-12

1
3

-3

5

-3

2
17
1

1
2

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

1
1
—— .

6

+1

1

1

1
.

1

1

2

2

1

1

1
_..

—1

—2

.

+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

1
11

2

3

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.-. .._ . . - .

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

Increases:
Primary organizations
Conversions:
From private banks
From State banks.
Reopenings of suspended banks
Reopenings (licensing) of unlicensed banks.

4

40
23
1

1

93

85

82

1

81

76

71

1

3

1

1

1

1
1

1
4

7

1

2

1

2

8

1

3
3
2

1

3
5

4
3

8

9
1

1

2
66
-38

1

2

3

57

5

2
1

3
1

3

50

1

65

1

2
1

1

83

57

1

97

58

1

98

1

2

+2 +2

-1

2

5
A

1

1

4

9

3

-8

-3

+1

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
12

4

226
99

1

335

1

-180

+11

307

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

155

1

1

10

11

6

2

1

5

7

498 499

501

499

1

13

+5

+1 +2

-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

230

224

253

253

251

250

247

1

27

245
1

1 ....

1

240

1
1

1
1
34

1

79
70

1

1
2

113

1

8

1

1

10

14

8
20

12
6

125

13

1

2

152

44

125

1

1

1

2

3

1

171

1

219

200

2

253

6

5

= =
1
1

2

163

1

3

6

8

11
-10

-2

4
13

19

—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

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

31
6

.

1

18

24

67

8

2

1

1

6
6

21

8
10

13
12

21
15

19

1

_
311

6

1

12

37

26

28

36

26

-15

4
i

-244

-29

-19

-12

-18

-28

-35

-25

19

19

75

2

1
2

2

4

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

133

Total increases._.

.

,..

Decreases:
Suspensions.
Consolidations, mergers, and absorptions
Voluntary liquidations
Conversions:
To State banks
To private banks
.

133

135

136

16

3

1

2

8
1
3

1

28

4

38
20

Increases:
Primary organizations
Conversions:
From private banks
From State banks
. _.
Reopenings of suspended banks
Reopenings (licensing) of unlicensed banks.

2

138

138

139

1

2

138

126

119

1

2

108

99

92

100

7
1

1
3

1

4

1

2

1
1

1

2
1

1

2

61

2

2

+2

+1 +2

100

135

136

138

138

139

39

39

35

34

34

33

15

1

4
3

3
7

5

10

20
1

12

21

1 .....

7

2

1

-33

Total decreases

140

1

3

Net increase or decrease
Number of active national banks at end of year
or period

141

2

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

1
1

1

1

1

1

1

1

6

5

1

8
1

1

===
11
13

5

1

1
2

2

1

1

1

n

4

5

1
-1

35

34

34

33

63

63

60

60

60

58

-4

1
y

32

33

34

30

29

58

33

+1

57

57

54

53

52

—1

30

+1

33

2

—4

1

—1

26
g

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

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

1

3

9

1

9

18

—1 - 9

—3

1

1
39

—3

40

60

2
=====
60

60

1

—2

3

-23

—1

58

58

57

3
57

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

84

84

83

80

73

69

59

1

9

6

4

1

1

7
1

21
30
19

63

1

15

63

3

1

13

68

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
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

2

5
1

1

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

3

128

162

157

158

157

155

116

116

118

118

120

55

2

1

2

1

-2

5

67

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
5

2

77
26

1

2

2

6

1

1

1

103
-33

118

1
2

2

1

1

3

1
5

1

2
4

14
6

118

1

120

3

6

6

20

+6

+6

—1

-4

-5

-19

122

128

134

133

130

125

106

134

1

22

18

2

+2

+2

83

2

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.

27

Total decreases

..

.

2

53

Total increases
Decreases:
Suspensions
Consolidations, mergers, and absorptions__
Voluntary liquidations
Conversions:
To State banks
To private banks _ . . _ _ _ _ . . . . _
_

23
1
2

2

196

Net increase or decrease
. . . . . -143
Number of active national banks at end of year
197
or period __
..

342

1
1

330

308

286

1

1

2

341

1

6

2

7

2

281

266

258

239

229

1

4

1

1

1

205

1
2

1

6

1

211

205

3
1

278

2

2
2

4

3

2

1

3

13

1

4

2

4

1

3

4

107
64
8
17

341
2

340

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

10

2
1

1

7

1

23

11

27

4

— 11 —22 - 2 2

+1 +1

-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

6

24

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 .

=

1

1

2

1
1

10

1

4

1

1

1

1

1

4

1

1

2

1

4

1
2

3
3

8

1

1

4

20

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

31

..

.

. ..

N e t increase or decrease
N u m b e r of active national banks at end of year
or period
..

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

2

1
4

46
32

2

4

2
4

1

2

6

3

1

2

2

1

2

1
1

2

1

1
3

1

3

6
4

12
2

2

2

1

85

5
1
5

38

2

133

8
4

13
1

1

1

1

1
6

4

+1

—47
86

1

1

-1

—2

+4 +1

134

133

131

135

136

136

14

12

14

1

3

2

1

-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

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

1

138

80

75

71

70

67

59

55

<

2 _____

52

47

1

1

---

j -

1

1

1

46

46

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

1
3
1

3

1

5
1

1 __:__

1
1

12

6

5

1

3

9

4

3

6

—7 — 11 —25 — 11 — 11

—5

—4

—1

—3

—8

—4

—3

1

2

1

1

i
7

—5

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

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

1

38
3
1

1
1

62

Decreases:
Suspensions
- Consolidations, mergers, and absorptions..
Voluntary liquidations _
Conversions:
To State banks
- To private banks
Total decreases

2

...

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

4

3

3

10

-52

1
2
1

4
-4

1

8

2

1

2
1
1

2

20

2

2

12

2

4
6

8
3

3
1

25
3 _____

1
1

2

1
6

7

10

11

4

—1

-9

137

+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

52

1

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
10

2

53
2
1

——

—__

+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

140

3

1

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

3
7
5
31

1

1
1

444
13

24

1
1

496
8

509

7
21

1

1

215

Decreases:
Suspensions
—
Consolidations, mergers, and absorptions..
Voluntary liquidations
Conversions:
To State banks
To private banks
Total decreases

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

-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

3

5

+1

1

-44

1

2
1

3
7

4

\
1

3

4

7

10
1

14
1

5

10

3
-3

4

1

1

1

-2

4

1

2

2
4

—4

3

1
1

I

3

7
9

1

1

3
-3

3
-1

9
-9

11

15

-10

-12

5

1

10
-3

-1

+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
4

96
39

2

4

2
5

3

1

1
1

14
1

3

33

1

2

g
1

2
1

Q

2

1
g
8

13
4
1

2
1

1

4

10
2
1

2
1

4

10
152

2

-119

+2 +2

61

2

1

g

5

£

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
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

Increases:

4

1

4

1

353

4

304

358

347

338

1

328
1

268

266

227

253

1 _____ _____

16

24

1

4

365

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

1

2

6
1

5

2
3
1

2
9

2

2
7

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

5

16

1
16

6
13

8

9
4

17

2
7
2

5

.8

24

18

17

1

15
3
1

4

3

2

34

4

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

1

2

2

1

80

2

c<

+4

98

1
1

1

38

4

2

2

98

98

98

—1

97

95

94

93

11
10

9

15

21

—9 - 1 3

-20

+2

51

53

9

93

g

1

4

+3

95

1

2

+1

1

1
1

1
1

1

31
47

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

1

2

5

3

14

3

-1

868

862

868

868

17

17

17

17

87

86

-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
2
1

2

1
78

2
1

1

5
1

3
5

2

4

2

4
4

4
9

3
4
1

g
1

1
2

2

2

82

84

4

3

7

83

7

8

13

10

-4

+2

-62
20

2

1

-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.

136
22

136

2
1

Total decreases.

1

— -

1
1

2

1

3

8

4

1

81
31
3

2

14

12

12
2

2
2

2
3

2

4

2

2

64

52

2

2
6
1

7
2

I

12
1

1

3
118

Npt inrrpase or decrease
Number of active national banks at end of year
or period--

63

1

30

Total increases
Decreases:
Suspensions
..
Consolidations, mergers, and absorptions..
Voluntary liquidations
Conversions:
To State banks—
To private banks
-.. ...

5
3

72

2

88

5

5

16

-5

12

—4 - 1 3

14
-10

4
Q

2

3

c

4

-1

—4

15

7

9

1

12

4

-9

-13

+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'

60

8

23

1

1

2

1

9

—-

....

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.

28

28

28

22

21

Decreases:
Suspensions
Consolidations, mergers, and absorptions._
Voluntary liquidations
Conversions:
To State banks
To private banks
_
Total decreases

20

20

20

20

20

17

16

15

14

13

13

1

1

Total increases

1

21

1

5
11

1

1

_..

16

6

Net increase or decrease
_ _ ._
_.
Number of active national banks at end of year
or period
-

-15

1

1

2
4

—6

1

1

3
= =

—1

1
1

1

3

1

1

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.

8

Decreases:
Suspensions
_ _ _.
_ _.
Consolidations, mergers, and absorptions .
Voluntary liquidations _
_
Conversions:
To State banks
To private banks
Total decreases

4

4

12

Total increases

9
1

15
3

1

1

3

1

14

1

_ ._ . _ _

19

2

Net increase or decrease
Number of active national banks at end of year
or period

y

-2

1

1

1

14

—1

-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.




7

3

1

1

1

4

i

7

5

2

1
1

1

4

2

1
8

3

77

132

4

2
2

2

6
4

8

5

2

2
4

17
1

_

I
1

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

144

_

1

1

1

5

-35

1

1

1

1

1

139

18

1

-10

6

+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

105

103

92

83

68

1

2

107

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

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

123

Decreases:
Suspensions
Consolidations, mergers, and absorptions. _
Voluntary liquidations
Conversions:To State banks
To private banks
_._
._ . _

2

6

2
—__

2

6

1
1

1

50
28

1

1

2

—44

+1

1

+2

1

1

7

11

21

18
6

2

79

Total decreases

1

1

1

35

Total increases

3
6
3

1

6

24

c

1

1
3

•

_

4

6

22
-15

•

1

+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

32

29

26

25

25

25

25

2

25

26

26

1

3

32

1

1

32

11
5
2

2

1

1

1

24

3

9
2
1

1

1

1

1

6

2

2

47

46

43

= =
32

1

3

13

3

21
26

1

32

32

3
3

1

29

26

25

—

1

3

— =====
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

3

4

4
1

1
1

12

10

1
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

-96

+6

-7

+3 +1

5

4 .....

2

12

41

-5

-3

15

26
1- —
3

-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

1
4

1

1

4
3

5

1

6

3

1

3

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

7
_7

5

1

1

1

2

-4

-1

-1

14

10

9

8

7

248

225

218

152

178

175

4

3

5

5

6

34

1
31

6
4

-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

422

419

429

426

410

372

355

281

247

230

168

15

54

40

9

8

10

13

10

5

8

1

Total increases

_

Net increase or decrease
Number of active State banks at end of year
or period

185

153

3

221

57

40

10

8

10

13

10

5

2

2

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

148

3
1
4

2

1

1

19
7

27
8
1

5

1
2

13

2

16

150

1

1

]

209

2
182

Decreases:
Suspensions
._ _
Consolidations, mergers, and absorptions..
Voluntary liquidations
Conversions:
To National banks
To private banks
Unclassified
Total decreases

422

1

1

2

10
2

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

3
4
2

4
2
2

2

1

2
4
3
1

1
4

4
2
2

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

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:
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

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

1

11

-1
68

-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

32

2

1

32

1

2

30

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
224

10

14

19

20

262
41
23

6

6

4
3

3

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
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

4
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

10

2

4

.....

6
1

1

1

1

4

26

1

1

1
4

1

1
9

332

49

7

— 108

+3

+5 + 12 +17 +20

106

217

222

234

251

271

34

42

+3

-19

-35

274

255

220

43

18

14

36

6

—44 - 2 8

-11

-10

-26

137

127

101

105

2

+4

57

176

148

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

...

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

Net increase or decrease
Number of active State banks at end of year
or period

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

10

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
._
_. ._

4

38

Total increases

4

2

6

4

13
14

83
51
Q

15

143

18

6

2
1

=2

~

1

5
4

3

7

2
=
6

3

18
1

13
22
1

1

—
-105
33

8

5

11

3

1

+4

7

10

+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.




22

2

10

26

18

13

10

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:

36

11

18

7

191

26
32

105
48
3

201
38
14

163
16
10

138
6
8

9
17

11

25

107
23
335

Decreases:
Suspensions
Consolidations, mergers, and absorptionsVoluntary liquidations
_ ._
Conversions:
To National banks
To private banks
Unclassified
Total decreases

1,371

50

25

726
279
87

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
_

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

Increases:
Primary organizations _ .
Conversions:
From private banks _
From National banks
Reopenings of suspended banks
Reopenings (licensing) of unlicensed banks.
Unclassified,
__

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

712

697

663

640

573

480

5

5

3

6

8

4

2
1
1

4
2
4

1
1
5

1
2
15

5

444

353

385

1

5

4

3

1
10

3
2
14
23
2

2
11
22

1
2

5

1

718

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

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

Total increases

150

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

1
4

1

1

1
1

1,271

Net increase or decrease
__
Number of active State banks at end of year

1

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

..

Net increase or decrease
_Number of active State banks at end of year
or period
i See footnotes appended to Table 3.




67

943

887

850

819

764

4

2

1

7

10

10

6

4

2

3

3

17

1
10
46
8
5

5

9

1
1

8

6

1

1

1
3

2
7
7
5

3
1
1

137

Decreases:
Suspensions
Consolidations, mergers, and" absorptions..
Voluntary liquidations
Conversions:
To National banks
To private banks
Unclassified
Total decreases.

1,104 1,104 1,105 1,080 1,049 1,036 1,006

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

8

14

16

15

9

41

31

34

31

2

8

6

-f4

-130

+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

126
69

1

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
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

202

Net increase or decrease
Number of active State banks at end of year
or period
_
_

1
3

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

3

2

8

1

1

20
19

1

2
4

16

6

17

—3

1

1

2

—6

—9

+2

44

38

29

31

3

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

143

143

141

144

146

146

142

143

142

35

3

3

2

3

1

3

1

2

133

118

125

109

2

1

1

3

68
33

3

3

1

3

1

2

3

3

2
3

4

10

8

1
24
2

7

1

31

17

1

46
1 __ —

1

1

126

126

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 __
- ---

135

1

1
13
32
2
83

Decreases:
Suspensions
Consolidations, mergers, and absorptions..
Voluntary liquidations
Conversions:
To National banks
To private banks
Unclassified

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

124

141

144

146

112

112

106
1

3

+2

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
1
5

1

1

5

4

2

4

62

1
1

1
1

1 _____

3

4

2

2

1

1

4

2
2

1

4

14
2

2
1
2

6
1

3

2

7

3

2

Q

2

1

3

7

2

2

2

1

4

16

-4 " -6

6

-38

—1

2

+1

+1

+3

-2

— 15

5

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

2
1

14

12

18

13

8

20

11

1

409
124
6

1

1

2

1
6

8

10
1

1

4

2

1

1

12
3
13

6
4
15
1

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

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

-

Decreases:
Suspensions
_____
Consolidations, _mergers, -and absorptions..
Voluntary liquidations
Conversions:
To National banks
To private banks
. _. . . .
Unclassified

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

Total increases

101

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

Total decreases
Net increase or decrease
Number of active State banks at end of year
or period
-

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

124

Decreases:
Suspensions
Consolidations, mergers, and absorptions._
Voluntary liquidations
Conversions:
To National banks _. _ . . . .
To private banks . .. _
Unclassified
Total decreases^ _ __

. _____

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

260

19

242

183

153

145

5

275

4

1

1

2

_

Net increase or decrease
Number of active State banks at end of year
or period
_

134

2

2

137

131

128

1

116

4

2

3

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

2

1
1
2

1
1
1

2

1

1

1

2
2

9
2
2

8
4
3

1
1

4

1

3

4

1

4
5

2

1

16

1

1
1

1
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

2

239

95

1

15
3

—201

102

1

1

38

Total increases
Decreases:
SuspensionsConsolidations, mergers, and absorptions. _
Voluntary liquidations
Conversions:
To National banks
To private banks
Unclassified_
Total decreases

275

-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
2
1

14
2

3

1
1

1

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

1

2

+T:

—1

—1

—1

4
=

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

25

1

152

1

2

2

4
5

8
5

2

1
1

1

22

3

8

3

1

3

11

13

3

2

12

1
8

2
7

22
25
1

3
9
1

17
6

8
3

2
2

1
3

4

1

2

3

1
1

12

14

56

91
3

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

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

2

16

1

1
3

1
1

1
2
1

1

3

4

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

2

-1

-1
30

1

30

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
.

Total increases
Decreases:
Suspensions
Consolidations, mergers, and absorptions..
Voluntary liquidations
Conversions:
To National banks
To private banks
_ .. ...
UnclassifiedTotal decreases

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

Increases:
Primarv organizations
Conversions:
From private banks
From National banks
Reopenings of suspended banks
Reopenings (licensing) of unlicensed banks.
Unolassified

336

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

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

Net increase or decrease
Number of active State banks at end of year
or period
_
__

318

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

13

3

1

1

3
4

53
4
2

12

2

3

1

3

1

2
3
1
4

24

5

2

34
1
4

7

8
13

1
1

2

1
5

7

1

1
1

1
679

43

-560

-35

134

659

657

93

72

37

75

41

39

52

80

59

16

40

3

-91

19

-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

5
1
5
5

3
1
4

4

1

2
2

2

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

4
5
2
1

10
9
1

2
2
1

1

3
1
6
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

8

20

-8
176

-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

5
1

2
2
1

2

2
2

1
1

614

4

1

16
8
7
6
1

1
1

657

492
2

390

1
1

1

1

1
1

4
5
1

26

207
231
6

3
4

30

2
1

29

22

11

9

11

5

4
8

1
12

3
5

1
15

1
23

1
13

4
33

1

2

3

1

1

3

9
34

3

1

41

7

1

86
31
4

22
42

71
6

1
1
1

1

1

2

47

1

21

2

3

1

1

1

2

2
467

385

1

244

—223

348
36

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

1

+1

—1

+1

+1

+1

1

—1

2

-1

—1

16

15

13

14

13

13

13

377

365

346

321

300

269

228

206

115

5

3

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

15

14

14

14

14

158

126

90

109

103

116

124

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

1

31
8

16

14

377

16

1

14

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

.-

100

7

1

1

7

1

2

1

46
27
1

7
1

1
3

2

8

4

2

74

97

95

94

1

91

1

93

87

85

1

84

82

Q

1
_

1
1

2

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

1

59

1

1

1

72

1

5
8
2

14
4

8

1

10

18

13

1

1
to

Total decreases

Net increase or decrease
Number of active State banks at end of year
or period
- - --

106

-10

-13

-13

—1

+1

OO
to

Total increases
Decreases:
Suspensions
-- -Consolidations, mergers, and absorptions..
Voluntary liquidations
.
-Conversions:
To National banks
To private banks
.-.
._ Unclassified
-.
--

106

14

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

4
—3

_2

+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
122
108
10

10

8

7

5

5
5

10

;

6

7

8

10

16

6

15

17

5

c

L

17

i

8

2

12

c

8

18
9

31
11

6

15
4

20

6

2

26
27

2

1

7

256

5

to to

Number of active State banks at beginning of
year or period

5

19

332

325

325

322

318

318

311

306

10

27

44

26

55

—6

— 14

—25

—27

—20

—35

+2

300

275

248

228

193

195

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

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

254

6

3

1

2

166

Total decreases

1

1

2

2
15

3
6

1

9

1

2

2
1

7
1

1

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

_

2

2
3
1

1
251

Net increase or decrease
_
-_
Number of active State banks at end of year
or period
_

127

2
1

6

30

134

2

73

Decreases:
Suspensions
_
Consolidations, mergers, and absorptions..
Voluntary liquidations
Conversions:
To National banks
To private banks
Unclassified

128

—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

1

21

1
53

Decreases:
Suspensions
Consolidations, mergers, and absorptions. .
Voluntary liquidations
Conversions:
To National banks
To private banks
Unclassified
Total decreases

___ .

1

5

4

106
52

1

3

4

1

3
3

2

4
4

1

2

2

1
4

4

4
4

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
.__ _

6

+2

2

+2

6

2

8

8

24

14

46

8

31

—2

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

366

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
15

7

535
133
16

1

6
1

14

4

1

10

2

6

8

10

10

14
1
1

1

9

13

12

13

48

188

11

1

11

7
10

11

13

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 .....

3

59

57

60

1

1
2

3

3

1
4

53

46

37

3

3
1

2
4
1

3
4
2

3

2

3
2

57

1

2

60

1

2

5

62
2

71

1
4
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

5
—2

+3

59

57

60

60

3

4

7

9

3

—3

2

5
—3

—4

—7

—9

—3

57

53

46

37

34

1
i

33

1
—1
32


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102