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Member Bank Call Report No. 74 Condition of Member Banks December 31, 1937 BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM WASHINGTON \ T he M EM BER B A N K CALL REPORT is pub lished following each official call upon member banks for statements of their condition. It contains tables showing assets and liabilities and a classification of loans, investments, and deposits for all member banks (national and State) in the country as a whole, by Federal Reserve districts and by classes of banks. Tables are also given, by States and cities, showing assets and liabilities for all member banks. All figures included in this report relating to the condi tion of national banks were furnished by the Comp troller of the Currency. The abstract of condition reports of national banks issued by the Comptroller gives detailed statistical data regarding the condition of national banks. MEMBER BANK CALL REPORT Washington, February 26, 1938 CONDITION OF MEMBER BANKS [Amounts in thousands of dollars] Condition on— Change since— Dec. 31, 1937 June 30, 1937 Dec. 31, June 30, 1937 Dec. 31, 1936 ASSETS Loans (including overdrafts).____ ____________________________________— United States Government direct obligations____________________________ Securities fully guaranteed b y United States Governm ent-----------------------Other securities. ..................................................... ................... ............ ................. T o t a l lo a n s a n d in v e s t m e n ts ----------- ---------— ---------- --------------- ---------Customers' liability on account of acceptances_____ ________________ ____ Banking house, furniture, and fixtures------- ------------------------------------ ---------Other real estate ow n ed ._________________________________________________ Reserve with Federal Reserve banks________________________ ____________ Cash in v a u lt .............................. ..................... ................................ .............. — Balances with private banks and American branches of foreign banks___ Demand balances with banks in N ew York C ity________________________ Demand balances with other domestic banks____________________________ Tim e balances with other domestic banks.................. ....................................... Balances with banks in foreign countries.......................... ................................. Due from own foreign branches____________ _____________________________ Cash items in process of collection.._________ ____________________________ Cash items not in process of collection......... ....................... ..................... ......... Acceptances of other banks and bills sold with endorsement....... ................. Securities borrowed----------------------------------- ----------------------------------------------Other assets............................................................ .................... ............ ............... 13,957, 823 10, 574,143 1, 797,407 5,422,382 31, 751, 755 154, 504 971,465 342, 694 7,005,209 589, 457 24, 787 1, 289, 310 2,030,475 69,818 69, 723 3, 578 2, 259, 351 8, 869 41, 226 895 172, 396 14, 284,875 10,870,404 1, 818, 530 5, 764, 752 32,738, 561 187,143 980,375 353, 714 6, 896, 663 629, 305 25,371 1, 201, 514 1, 898, 657 81,432 51,977 4,592 2, 200, 829 11,114 16, 312 T o t a l a ssets______________________________________________________ 46,785,513 190, 709 13,359,853 11,639, 486 1, 905, 718 6,094, 627 32,999,684 179, 414 981,975 367, 486 6, 571, 694 697, 380 35,645 1, 599,810 2, 318,810 112.192 55, 480 14, 209 2, 533, 275 12,919 10, 578 589 227.193 -327,052 -296, 261 -21,123 -342, 370 -986, 806 -3 2 , 639 -8 ,9 1 0 -11,020 +108, 546 -3 9 , 848 -5 8 4 +87, 796 +131,818 -1 1 , 614 +17, 746 -1 ,0 1 4 +58, 522 - 2 , 245 +24,914 +550 -18,313 +597, 970 -1,065,343 -108,311 -672, 245 -1,247,929 -2 4 , 910 -1 0 , 510 -2 4 , 792 +433, 515 -107, 923 -10,858 -310, 500 -288, 335 -4 2 , 374 +14, 243 -1 0 , 631 -273, 924 -4 ,0 5 0 +30, 648 +306 -5 4 , 797 47, 468, 613 48,718,333 -683,101 -1,932,821 29,317,024 19,747, 450 781,034 2,131,984 5, 436, 442 452, 772 30,142,898 20, 272,432 628,125 2, 577,445 5, 298,023 615, 259 31, 896,215 20,970, 304 881, 961 2, 329,180 6,401,831 431,808 -825, 874 -524,982 +152,909 -445, 461 +138,419 -162,487 -2,579,191 -1, 222,854 -100, 927 -197,196 -965,389 +20,964 767, 342 11,521,632 751, 614 11,347,148 881,131 10,989, 111 +15, 728 +174,484 -113, 789 +532,521 9, 461,126 740,327 575, 832 28, 761 94, 653 481, 721 128, 641 10, 571 9, 244, 567 757, 618 724,104 91, 593 99, 736 292, 280 123, 208 14,042 8,991, 216 765, 315 647, 498 25, 319 104, 369 296, 229 153,372 5,793 +216, 559 -17,291 -148, 272 -62,832 -5 ,0 8 3 +189,441 + 5, 433 -3 ,4 7 1 +469,910 -2 4 , 988 -7 1 , 666 + 3, 442 -9 ,7 1 6 +185,492 -2 4 , 731 + 4, 778 T o t a l d e p o sits ------------------------ ------- -------------------------------------------------------Secured b y pledge of loans and/or investments_______ _______________ N ot secured b y pledge of loans an d /or investments----------------------------- 40,838, 656 2,969,035 37,869, 621 41, 490,046 2,994,886 38,495,160 42, 885, 326 3,181, 586 39, 703, 740 -651,390 -2 5 , 851 -625, 539 -2,046, 670 -212, 551 -1,834,119 Due to own foreign branches..................................................... ............................ Agreements to repurchase securities sold ._____ __________________________ Bills payable and rediscounts_______________________________ ____________ Acceptances of other banks and bills sold with endorsement______________ Acceptances executed for customers_________ ____________________________ Acceptances executed b y other banks for reporting banks.............................. Securities borrowed................................................................................................. Interest, taxes, and other expenses accrued and unpaid.................................. Dividends declared but not yet payable and amounts set aside for unde clared dividends and for accrued interest on capital notes and debentures. Other liabilities_______________ _________________________________________ Capital notes and debentures................................................................................ Capital stock (for par value see p. 3 ).._ .............................................................. Surplus....................................................................... ............................................... Undivided profits—net—........... ........................ ............................. ..................... Reserves for contingencies_______________________________________________ Retirement fund for preferred stock and capital notes and debentures....... 117, 510 2,195 12,426 41, 226 157, 592 16,019 895 76,306 143, 498 1,197 16,194 16,312 185, 650 26,149 345 87,381 63,968 1,810 15, 325 10, 578 173, 572 27,915 589 79, 523 -2 5 , 988 +998 - 3 , 768 +24,914 -28,058 -10,130 +550 -11,075 +53, 542 +385 -2 ,8 9 9 +30, 648 -15,980 -1 1 , 896 +306 -3 ,2 1 7 43,423 108,089 52,006 2, 378, 600 2,010, 421 602,430 311, 355 16.363 44,099 118,947 62,453 2,381,796 1,971,464 587, 495 319,648 15,939 45.431 139,117 74.432 2,379,408 1,936, 370 560, 324 309,817 14,828 -6 76 -10,858 -10,447 -3 ,1 9 6 +38,957 +14,935 - 8 , 293 +424 -2 ,0 0 8 -31,028 -22,426 -8 08 +74,051 +42,106 + 1, 538 + 1, 535 T o t a l lia b ilitie s (in c lu d in g c a p ita l a c c o u n t ) ---------------------------- 46, 785,512 47,468,613 48,718,333 -683,101 -1,932,821 N et demand deposits (see page 10)-----------------------------------------------------------Dem and deposits—adjusted1. . _______ ___________________________________ N um ber of banks...................................................................................................... 23,740, 652 20,387,425 6, 341 24,844, 886 21, 400,643 6, 357 25,449,917 21, 647,340 6, 376 -1,104, 234 -1,013, 218 -1 6 -1,709, 265 -1, 259,915 -3 5 L IABILITIES D e m a n d d e p o sits —Total-----------------------------------------------------------------------Individuals, partnerships, and corporations__________________________ United States Government__________________________________________ States, counties, and municipalities_________________________ ______ Banks in United S ta tes..-------------- ----------------------------------------- ---------Banks in foreign countries------------------------------------------------------------------Certified and officers’ checks, cash letters of credit and travelers' checks, etc_________________________________________________________ T im e d e p o sits —T otal. ---------------------------------------------------------------------------Individuals, partnerships, and corporations: Evidenced b y savings pass books__________ _____________________ Certificates of deposit-------------------- ---------- -----------------------------------Open accounts---------------------- ------------- -----------------------------------------Christmas savings and similar accounts---------------------------------------Postal savings________________________________________________________ ' States, counties, and municipalities___________ ______________________ Banks in United States._____ _______________________________________ Banks in foreign countries________________________________________— i Demand deposits other than interbank and U. S. Government, less cash items reported as in process of collection and, prior to Dec. 31, 1935, less cash items reported on hand but not in process of collection. ID 3733 8 2 ALL MEMBER BANKS— CONDITION ON SELECTED CALL DATES, DECEMBER 31, 1932, TO DECEMBER 31, 1937 [Amounts in thousands of dollars] 1932 Dec. 31 Loans (including overdrafts)_____________________________ 15,204,050 United States Government direct obligations____________ 6, 539, 706 Securities fully guaranteed b y United States Government. 5, 725, 714 Other securities__________________________________________ Total loans and investm ents_________________________ 27, 469, 470 Customers’ liability on account of acceptances___________ 412, 248 Banking house, furniture, and fixtures___________________ 1,150, 245 268,945 Other real estate owned__________________________________ Reserve with Federal Reserve banks____________________ 2, 511, 374 422, 838 Cash in vault____________________________________________ Balances with private banks and American branches of foreign banks__________________________________________ (2 ) 992, 405 Dem and balances with banks in New York C ity ________ 1, 423, 251 Demand balances with other domestic banks____________ Tim e balances with other domestic banks________________ (2 ) Balances with banks in foreign countries_________________ 91,175 102, 706 Due from own foreign branches__________________________ Cash items in process of collection_______________________ Cash items not in process of collection___________________ j. 1,121,949 Redemption fund and due from United States Treasurer.. 39, 242 Acceptances of other banks and tjills sold with endorse 14,869 ment__________________________________________________ 12,928 Securities borrowed______________________________________ Other assets_____________________________________________ 226, 281 1933 Dec. 30 i 1934 Dec. 31 1935 Dec. 31 1936 Dec. 31 1937 June 30 1937 Dec. 31 12, 833, 483 7, 254, 234 12,028,103 9, 905, 692 989, 208 5, 227, 275 28,150, 278 241, 951 1,001,087 313,556 4,081, 565 608, 602 12,175,102 10, 500, 527 1, 767, 864 5, 541, 381 29, 984, 874 179,071 991, 684 366,979 5, 573, 212 664, 778 13, 359, 853 11, 639,486 1, 905, 718 6,094, 627 32, 999, 684 179, 414 981, 975 367,486 6, 571, 694 697, 380 14, 284, 875 10, 870, 404 1, 818, 530 5, 764, 752 32, 738,561 187,143 980, 375 353, 714 6, 896, 663 629, 305 13, 957, 823 10, 574,143 1, 797, 407 5, 422,382 31, 751, 755 154, 504 971,465 342, 694 7,005, 209 589, 457 36, 759 (2) 1, 280, 891 1, 560, 468 1, 754, 943 2,060, 541 113,139 118,111 50, 788 184,515 92, 536 5, 572 / 2,254,755 1, 903, 307 1 15,972 33,956 35, 645 1, 599, 810 2, 318, 810 112,192 55, 480 14, 209 2, 533, 275 12,919 25, 371 1, 201, 514 1, 898, 657 81, 432 51, 977 4, 592 2, 200, 829 11,114 24,787 1, 289, 310 2,030, 475 69,818 69, 723 3, 578 2, 259, 351 5.131, 926 25, 219, 643 459, 264 981, 206 274, 966 2, 677, 693 471, 006 (2) 793, 459 1,175, 682 61, 868 158, 683 143, 816 1.132, 338 40, 307 46, 349 10, 827 229, 219 1,761 1,896 313, 208 11,137 791 246, 543 10, 578 589 227,193 16, 312 345 190, 709 41, 226 895 172, 396 36, 259, 926 33, 876, 326 40, 077,191 44,122, 035 48, 718, 333 47, 468, 613 46, 785, 512 Demand deposits— T otal---------------------------------------------Individuals, partnerships, and corporations__________ United States Governm ent__________________________ States, counties, and municipalities__________________ Banks in United States______________________________ Banks in foreign countries___________________________ Certified and officers’ checks, cash letters of credit and travelers’ checks, etc----------------------------------------------Tim e deposits—T o t a l_________________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass books________________ Certificates of deposit____________________________ Open accounts___________________________________ Christmas savings and similar accounts_________ Postal savings_______________________________________ States, counties, and municipalities__________________ Banks in United States______________________________ Banks in foreign countries___________________________ 18,140, 258 12, 272, 777 474, 741 1,118, 702 3, 608, 839 243, 395 18, 041, 733 12,108, 621 967,167 1, 319, 689 3,138, 755 129, 248 23, 940, 477 14, 951,169 1, 635, 516 1, 799, 435 4, 569, 264 146, 838 28, 040, 086 18,035,082 844,041 2,139, 464 5, 695, 795 443, 998 31, 896, 215 20, 970, 304 881, 961 2, 329,180 6, 401, 831 431, 808 30,142, 898 20, 272, 432 628,125 2, 577, 445 5, 298,023 615, 259 29, 317,024 19, 747,450 781,034 2,131,984 5, 436, 442 452, 772 421, 804 10,549,579 378, 253 9,125, 241 838, 255 9, 907,928 881, 706 10, 414, 097 881,131 10, 989, 111 751, 614 11, 347,148 767, 342 11,521, 632 7, 259, 337 1, 352, 347 799,136 708, 426 342, 417 86, 627 1, 289 6, 428, 536 900,043 s 610, 402 18,061 778, 205 300, 559 82, 793 6, 642 7, 599,028 881, 978 520,089 19, 347 451, 988 294, 452 133, 552 7, 494 8, 293, 860 815, 901 548, 372 21, 503 217,564 361, 346 150, 775 4, 776 8, 991, 216 765, 315 647, 498 25, 319 104, 369 296, 229 153, 372 5, 793 9, 244, 567 757, 618 724,104 91, 593 99, 736 292, 280 123, 208 14,042 9, 461,126 740, 327 575,832 28, 761 94, 653 481, 721 128, 641 10, 571 Total deposits_________________________________________ Secured b y pledge of loans and /or investments______ Not secured b y pledge of loans and /or investm ents.-. 28,689,837 (4 ) (4 ) 27,166,974 (4) (4) 33, 848, 405 3, 694,023 30,154, 382 38,454,183 3,100, 721 35, 353, 462 42,885,326 3,181, 586 39, 703, 740 41, 490, 046 2, 994, 886 38, 495,160 40,838,656 2, 969,035 37, 869, 621 Due to own foreign branches____________________________ National bank notes outstanding________________________ Agreements to repurchase securities sold_________________ Bills payable and rediscounts____________________________ Acceptances of other banks and bills sold with endorse ment__________________________________________________ Acceptances executed for customers______________________ Acceptances executed b y other banks for reporting banks. Securities borrowed______________________________ _______ Interest, taxes, and other expenses accrued and unpaid___ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures________________________ Other liabilities__________________________________________ Capital notes and debentures____________________________ Capital stock (for par value see page 3)______ ___________ Surplus_____________________________________________ ____ Undivided profits—net__________________________________ Reserves for contingencies_______________________________ Retirement fund for preferred stock and capital notes and debentures_____________________________________________ 53,160 776, 749 45, 579 546, 785 13,748 775, 270 11, 669 143, 340 51, 379 63, 968 650, 935 6, 341 12, 787 143, 498 117, 510 8,108 6,091 1,810 15, 325 1,197 16,194 2,195 12, 426 14, 869 429, 738 7, 335 12, 928 73, 276 46, 349 480, 969 10, 725 10,827 69,120 1,761 253,791 8, 976 1,896 63,378 11,137 173, 204 24, 367 791 68, 607 10, 578 173,572 27, 915 589 79, 523 16,312 185, 650 26,149 345 87, 381 41, 226 157, 592 16,019 895 76, 306 (4 ) 200, 501 2, 409,859 2,148, 260 438, 521 412, 529 (4 ) 184, 973 103, 610 2, 312,019 1, 749,935 355, 386 441, 412 40, 312 134,114 120, 465 2, 543, 621 1, 661, 656 391,013 335, 218 41,019 137, 977 115,100 2, 518, 640 1, 710, 599 458, 292 336, 375 45, 431 139,117 74,432 2, 379, 408 1, 936, 370 560,324 309,817 44,099 118, 947 62, 453 2, 381, 796 1, 971,464 587,495 319, 648 43,423 108,089 52,006 2, 378, 600 2,010, 421 602,430 311,355 2, 522 6,166 14, 828 15,939 16, 363 Total liabilities (including capital a c c o u n t)__ 36,259, 926 33, 876, 326 40, 077,191 44,122,035 48, 718, 333 47,468, 613 46,785,512 Net demand deposits (See p. 1 0 )________________________ Demand deposits—adjusted5 ____________________________ Number of banks________________________________________ 15,193,116 12, 691, 334 6,816 14, 821,139 12, 674, 225 6,011 18, 850, 646 15, 685, 552 6, 442 22,169, 397 18, 801,497 6, 387 25, 449, 917 21, 647, 340 6, 376 24, 844,886 21, 400, 662 6, 357 23, 740, 652 20, 387, 425 6,341 Total assets _ LIAB ILITIES (4 ) 1 Beginning with 1933, figures relate to licensed banks only. 2 Included in “ Other assets.” 3 Includes $27,288,000 of deposits the paym ent of which was deferred b y agreement with depositors or otherwise. Such deposits were reported separately from June 30, 1933, to June 30, 1934, inclusive. 4 N ot reported separately. 5 Dem and deposits other than interbank and U .S . Government, less cash items reported as in process of collection and, prior to Dec 31, 1935, less cash items reported on hand but not in process of collection. 3 ALL MEMBER BANKS— CLASSIFICATION OF LOANS, INVESTMENTS, BORROWINGS AND CAPITAL STOCK ON SELECTED CALL DATES, DEC. 31, 1932, TO DEC. 31, 1937 [In thousands of dollars] 1932 Loans— Total . Acceptances of other banks payable in United States.. Bills, acceptances, etc., payable in foreign countries... Commercial paper bought in open market...... .......... . Loans to banks______________________________________ Loans on securities exclusive of loans to banks—T otal.. To brokers and dealers in New York.. T o brokers and dealers elsewhere____ To others_____ _____________________ Real estate loans: On farm land______________________________ On other real estate_________________ _____ _ Reporting banks’ own acceptances____________ Agricultural loans (except loans on farm land) . All other loans (including overdrafts)__________ United States G overnm ent direct obligations— Total . Treasury bonds maturing on or before December 31, 1949 . Treasury bonds maturing after December 31, 1949............. Other United States bonds_______________________________ Treasury notes---------------- ----------------------------------------- ------Certificates of indebtedness........... .............. ..................... . Treasury bills....................... ......................... ......................... . 1934 1935 1936 1937 1937 Dec. 31 Dec. 31 Dec. 31 Dec. 31 June 30 Dec. 31 15,204, 050 12,833, 483 12, 028,103 12,175,102 13,359,853 14,284, 875 13,957, 823 375, 424 30.130 92, 647 444,115 223, 361 36, 524 131, 557 287,003 256, 041 31,404 232, 441 155, 497 181,011 28, 917 271, 949 97, 985 5,205,405 4, 611, 378 4,139, 633 4,135, e 356, 221 317, 853 2, 505, 420 2, 041, 442 225,185 212, 637 [5,969, 503 4, 971, 728 251, !, 032, 169, 6,539, 706 7,254,234 Bills payable and rediscounts— T otal. W ith Federal Reserve banks: Bills payable._____ ______________ R ed iscou n ts...................................... All other: Bills, payable..... ................................ Rediscounts_________ ____________ Par value o f capital stock— T otal _ First preferred___ Second preferred.. C om m on........... 4,195, 344 4, 365, 394 3, 702, 622 258, 227 2,146, 305 131,131 / ^382,137 \r5,658,945 264,505 264, 924 240,866 2, 282, 503 113,247 129, 695 459, 746 500, 058 203, 692 6, 496,144 2, 394,108 3, 630, 520 35, 696 4, 526, 645 319, 082 325,033 45, 057 360, 617 473,115 123, 111 39,104 277,041 1,052, 517 1, 916, 299 4, 217, 485, 017 (2 ) 442, 040 1, 029, 820, 615 661. 772 1, 905, 718 1, 818, 530 1, 797, 407 (3 ) 241, 242, 505, 210, 328 457, 388 1, 238, 002 5, 725, 714 5,131, 926 5,227,275 1, 751, 045 852, 702 255, 432 398, 899 , 143,076 6, 094, 627 5, 764, 752 5, 422,382 139, 829 456, 212 449, 968 111, 148 136, 015 117, 289 18,889 17,101 74, 739 535,085 175,161 97,829 21, 656 18,418 74, 325 564,032 184, 560 111, ( — 18, 426 17, 774 68, 975 713,109 161, 838 127, 536 18, 665 17, 380 59, 883 657, 672 150,106 130,174 19,153 14, 743 55, 597 629, 914 146, 553 55, 508 67,068 248,194 130, 31' 48, 520 65, 981 264, 654 130, 744 51,819 71,494 287, 502 132, 238 50, 227 71,479 279, 353 132,637 55,092 74, 215 267,467 127, 769 42, 582 73. 914 1, 729, 426 150, 445 219, 602 386, 225 , 212, 703 1,947, 635 2,159, 097 2, 208, 638 2,132, 659 2,031, 868 714,1 855, 647 1,002,085 870,733 794, 471 792,983 821,837 991,934 956, 941 885, 643 122,035 57, 054 64, 818 131,059 55,026 50,414 133,094 50, 355 44, 699 95, 560 45, 405 40, 337 16,194 12, 426 546, 785 143,340 12, 787 6, 091 136, 920 97, 604 56,154 18, 602 6, 291 3, 556 782 2, 529 42 8, 375 1,373 7,717 1,947 308, 495 3, 766 67,187 1,397 5, 830 68 1,638 115 12, 734 20 6, 435 11 2, 748 14 2, 409,859 2,312, 467 2,547, 704 2,527,046 2,383,174 2,367,523 2,363,001 158,025 530, 628 564, 383 396,130 357, 226 22, 946 5, 750 29,180 27, 579 25,197 2, 409, 859 2,148, 692 1,994,130 1, 933, 483 1, 959, 465 1, 985,100 r Revised. 1 Beginning with 1933, figures relate to licensed banks only. 2 $93,000 reported as certificates of indebtedness are included in Treasury notes. 3 Included in “ Other securities” ; estimated to be between $100,000,000 and $150,000,000. 125, 835 22, 502 363, 597 69, 943 10,500, 527 11, 639, 486 10, 870, 404 10, 574,143 4,095, 505 4, 410, 878 Reconstruction Finance C orporationFederal Farm Mortgage CorporationHome Owners’ Loan Corporation....... Obligations of: States, counties, municipalities, etc______________ _____ _______ Public utilities________________________________________ _______ Railroads_____ ________________________________________________ Hom e Owners’ Loan Corporation guaranteed b y U. S. Govern ment as to interest o n ly ...____ ___________________________ _ Federal land banks_____________________________ _______ _______ Intermediate credit banks._____ _______________ _____________ _ Joint stockland banks_______________ ___________________ _____ Territorial and insular possessions._____ ___________ __________ Real estate corporations_______________________________________ Other domestic corporations............................................................... Stock of: Federal Reserve banks________________________________________ Real estate corporations____________________ ______ _________ _ Banks and banking corporations_______________________________ Other domestic corporations---------------------------------------------- ------Foreign securities: Central governments__________________________________________ Provincial, State, and municipal governments-------------------- -----Other foreign securities--------------- --------------- ------- ---------- ---------- - 130,698 15,148 376,929 114, 650 357,162 839, 649 843, 368 1, 046, 875 1,144, 446 1, 278, 240 738,123 186,705 240, 513 166,044 196, 268 266,162 257, 792 212,079 4, 607, 730 3, 605, 685 3,109, 560 2, 892, 543 2, 784, 736 2, 829, 362 2, 752, 420 Securities fully guaranteed by U. S. Governm ent— Total . Other securities— Total . 160, 525 18, 388 323, 742 85,109 342, 903 25, 239 4 ALL MEMBER BANKS— CONDITION ON DECEMBER 31, 1937, BY CLASSES OF BANKS [Amounts in thousands of dollars] All national member banks All State member banks 13, 957, 823 10, 574,143 1, 797,407 5, 422, 382 31, 751,755 154, 504 971, 465 342, 694 7,005, 209 589, 457 8, 796, 207 6, 752, 842 1, 306, 504 3, 678, 705 20, 534, 258 77,087 630, 518 155, 580 4,172, 915 418, 483 24, 787 1, 289, 310 2,030, 475 69,818 69, 723 3, 578 2, 259, 351 15, 732 921, 855 1, 591, 805 54, 862 39, 466 3, 578 1, 319, 976 6,163 41, 226 895 172, 396 Central reserve city member banks New York Chicago Reserve city member banks 5,161, 616 3, 821, 301 490, 903 1, 743, 677 11, 217, 497 77, 417 340,947 187,114 2, 832, 294 170, 974 3, 673, 433 3, 206, 545 388, 472 1,044, 882 8, 313, 332 110, 752 226, 021 33, 565 2, 737, 972 56,183 635, 491 916,085 94, 368 255,116 1, 901, 060 3, 446 21, 826 6, 320 596,044 26, 758 5, 202, 554 3, 961, 935 636, 967 1, 612,154 11, 413, 610 38,137 338,033 126, 708 2, 309, 707 199, 881 4, 446, 345 2,489, 578 677, 600 2, 510, 230 10,123, 753 2,169 385, 585 176,101 1,361, 486 306, 635 9,055 367, 455 438, 670 14,956 30, 257 1,769 70,166 48, 234 36 47, 943 4, 654 136,242 37,063 940 1,731 2, 738 489, 694 1,104, 355 48,137 3, 336 939,375 2, 706 989, 331 742 145, 974 75 15, 626 593,208 840,823 20, 705 16, 713 3, 578 841, 384 3, 707 19, 965 188 101, 084 21, 261 707 71,312 37, 745 281 47, 303 23, 863 >0,155 211 895 41,075 46, 785,512 30, 063,515 16, 721, 997 12,721,094 2, 906,277 16, 824, 964 14, 333,177 29, 317, 024 19, 747, 450 781,034 2,131, 984 5, 436, 442 452, 772 18, 459, 255 12,150, 449 501, 374 1, 655, 468 3, 512,205 210, 843 10, 857, 769 7, 597,001 279, 660 476, 516 1, 924, 237 241, 929 10, 005, 888 6, 507, 420 382,016 188,910 2,107, 561 415, 776 2,182, 472 1, 354, 313 64, 813 206, 989 528,150 5, 431 10,386, 272 6, 742, 833 255, 833 777,023 2, 388, 844 30,112 6,742,392 5,142, 884 78, 372 959,062 411, 887 1, 453 767, 342 11,521, 632 428, 916 8,027, 514 338, 426 3, 494,118 404, 205 752, 778 22, 776 453, 977 191, 627 4,571, 762 148, 734 5,743,115 9, 461,126 740, 327 575, 832 28, 761 94, 653 481, 721 128, 641 10, 571 6, 626, 879 577, 531 253, 508 18,905 83, 279 359,020 99,101 9, 291 2, 834, 247 162, 796 322, 324 9, 856 11,374 122, 701 29, 540 1,280 405, 934 30, 785 258, 729 391, 328 20, 519 30, 572 3,042 49,167 310 7,005 8, 354 162 3, 747, 246 179,621 224,113 9, 629 34,040 266,053 107, 494 3, 566 4, 916,618 509, 402 62, 418 15, 242 60, 613 158,147 20, 675 T o ta l deposits________________________________________ Secured b y pledge of loans and/or investments_____ N ot secured b y pledge of loans and/or investments. 40,838,656 2, 969,035 37, 869, 621 26, 486, 769 2,199, 769 24, 287, 000 14,351,887 769, 266 13, 582, 621 10,758,666 537, 383 10, 221, 283 2,636,449 209,437 2, 427,012 14.958, 034 1, 342,095 13, 615, 939 12, 485,507 880,120 11, 605, 387 Due to own foreign branches___________________________ Agreements to repurchase securities sold________________ Bills payable and rediscounts___________________________ Acceptances of other banks and bills sold with endorse ment_________________________________________________ Acceptances executed for customers_____________________ Acceptances executed b y other banks for reporting banks. Securities borrowed_____________________________________ Interest, taxes, and other expenses accrued and un paid... Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures______________________ Other liabilities______________________ • _____________ ____ Capital notes and debentures___________________________ Capital stock (for par value see p. 5 ) ___________________ Surplus_________________________________________________ Undivided profits—net_________________________________ Reserves for contingencies______________________________ Retirement fund for preferred stock and capital notes and debentures____________________________________________ 117, 510 2,195 12, 426 102,157 996 9, 836 15, 353 1,199 2, 590 117, 510 41, 226 157, 592 16,019 895 76, 306 19, 965 78, 338 9, 785 188 45, 222 21, 261 79, 254 6, 234 707 31,084 37, 745 115, 472 9, 392 281 3,182 601 2, 989 37,147 5, 631 20,164 8,015 31,192 211 1, 791 395 895 16,935 43, 423 108,089 52,006 2, 378, 600 2,010, 421 602,430 311, 355 27, 401 45, 327 16,022 62, 762 52,006 804, 544 912, 217 202, 673 157, 691 15, 954 39, 968 562 562, 646 800, 249 156, 396 86, 297 1,093 2,003 126,400 66,020 28, 330 33,903 15, 825 38,052 27, 354 765,008 610, 615 207, 781 119, 377 10, 551 28,066 24,090 924, 546 533,537 209,923 71, 778 All member banks Loans (including overdrafts)____________________________ United States Government direct obligations___________ Securities fully guaranteed b y United States Government Other securities.. . . _____________________________________ Total loans and investm ents________________________ Customers’ liability on account of acceptances__________ Banking house, furniture, and fixtures__________________ Other real estate owned_________________________________ Reserve with Federal Reserve banks___________________ Cash in vault___________________________________________ Balances with private banks and American branches of foreign banks_________________________________________ Demand balances with banks in New York C ity_______ Demand balances with other domestic banks___________ Tim e balances with other domestic banks______________ Balances with banks in foreign countries________________ Due from own foreign branches_________________________ Cash items in process of collection______________________ Cash items not in process of collection__________________ Acceptances of other banks and bills sold with endorse ment_________________________________________________ Securities borrowed_____________________________________ Other assets____________________________________________ Total assets.. Country member banks 282, 662 4, 345 LIAB ILITIES Demand deposits—T otal_____________________________ Individuals, partnerships, and corporations________ United States Governm ent_______________________ _ States, counties, and municipalities________________ Banks in United States____________________________ Banks in foreign countries__________________________ Certified and officers’ checks, cash letters of credit and travelers’ checks, etc_________________________ Tim e deposits—T otal_________________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass books_______________ Certificates of deposit__________________________ Open accounts_________________________________ Christmas savings and similar accounts________ Postal savings______________________________________ States, counties, and municipalities________________ Banks in United States_____________________________ Banks in foreign countries__________________________ 1,"574,056 1,098, 204 399, 757 153, 664 1,347 12,062 16, 363 11, 850 4, 513 73 4, 747 11, 543 Total liabilities (including capital account). 46, 785,512 30, 063, 515 16, 721, 997 12, 721, 094 2,906,277 16,824,964 14, 333,177 Net demand deposits (see p. 1 0)___________________ Demand deposits—adjusted 1______________________ Num ber of banks.____ _____________________________ 23, 740, 652 20, 387, 425 6, 341 14, 626, 759 12, 914, 857 5, 260 9,113, 893 7, 472, 568 1,081 8, 898,157 6, 111, 204 37 1,863,072 1, 438,104 13 8, 111, 336 6,870,099 340 4, 868,087 5,968,018 5,951 1 See footnote on page 1. 5 ALL MEMBER BANKS— CLASSIFICATION OF LOANS, INVESTMENTS, BORROWINGS, AND CAPITAL STOCK ON DEC. 31, 1937, BY CLASSES OF BANKS [In thousands of dollars] All member banks L o a n s—Total------------------------------------------------------------------------Acceptances of other banks payable in United States------Bills, acceptances, etc., payable in foreign countries______ Commercial paper bought in open market_______________ Loans to banks_________________________________________ _ Loans on securities exclusive of loans to banks—Total____ T o brokers and dealers in New Y ork _________________ T o brokers and dealers elsewhere____________________ T o others____________________________________________ Real estate loans: On farm land________________________________________ On other real estate__________________________________ Reporting banks’ own acceptances_______________________ Agricultural loans (except loans on farm land)____________ All other loans (including overdrafts)------------------------------U n ite d S ta tes G o v e r n m e n t d ir e c t o b lig a tio n s —Total---Treasury bonds maturing on or before December 31, 1949. Treasury bonds maturing after December 31, 1949________ Other United States bonds_______________________________ Treasury notes___________________________________________ Treasury bills____________________________________________ All national member banks All State member banks Central reserve city member banks New York 13,957,833 8, 796,307 5,161, 616 3, 673, 433 125, 835 22, 502 363,597 69, 943 54, 942 15, 069 258, 860 42,163 70, 893 7, 433 104,737 27, 780 112, 308 5, 895 6, 484 28, 753 Chicago Reserve city member banks Country member banks 635, 491 5,303,554 4, 446,345 9, 712 11, 732 132, 210 27,124 2, 842 2, 567 208, 408 13,011 3, 702, 622 2, 026, 259 1, 676, 363 1, 493, 287 170, 566 1,189, 380 849, 389 234, 740 503, 383 738,123 212, 079 125, 111 86, 968 2, 752, 420 1. 666, 408 1,086, 012 26,022 41, 389 97, 075 129,177 1, 066, 283 9, 332 16,111 823, 946 264, 924 2, 282, 503 129, 695 500,058 6, 496,144 702, 769 57, 504 733, 014 49, 491 940, 647 48, 496 70, 024 2,165, 752 10, 574,143 6, 753, 843 3, 831,301 973 2, 308 16, 495 1,055 338 95, 252 169, 261 11,189 1, 080, 380 1,049, 531 6,125 46, 899 2, 399 10,710 94, 761 394,184 415, 732 2, 515,104 1, 754, 753 I 306, 545 , 682, 290 892, 417 2, 473,115 1, 580, 698 850, 773 493,127 3,123, 111 2, 272, 338 5, 732 39,104 33,372 59 4, 277, 041 2, 461, 476 1, 815, 565 1, 536, 283 494, 786 404, 958 256, 814 661, 772 916, 085 3, 961, 935 3, 489, 578 133, 821 1,014,1 383, 594 1, 249, 098 157 3, 682 366, 406 1, 588, 614 32,107 105, 873 642, 336 997, 292 35, 206 785, 738 29,006 1, 797, 407 1,306,504 490, 903 388, 473 94,368 636.967 677,600 Reconstruction Finance Corporation_____________________ Federal Farm Mortgage Corporation____________________ Hom e Owners’ Loan Corporation________________________ 255,432 398, 899 1,143,076 65, 751 107, 732 317, 420 146, 404 25, 574 216, 494 80, 461 9, 791 4,116 15, 012 166,729 455, 226 13, 555 196, 805 467, 240 O th e r s e cu ritie s —Total------------------------------------------------------- 5, 433,383 S e cu ritie s fu lly g u a r a n te e d b y U. S. G o v e r n m e n t—Total. Obligations of: States, counties, municipalities, etc__________________ Public utilities_______________________________________ Railroads____________________________________________ Federal land banks_______________________ ___________ Intermediate credit banks___________________________ Joint-stock land banks_______________________________ Territorial and insular possessions___________________ Real estate corporations______________________________ Other domestic corporations_________________________ Stock of: Federal Reserve banks_______________________________ Real estate corporations_____________________________ Banks and banking corporations_____________________ Other domestic corporations_________________________ Foreign securities: Central governments________________________ _____ Provincial, State, and municipal governments----------Other foreign securities....... ................ ..................... ......... B ills p a y a b le a n d re d is c o u n t s —T otal------------------------------- 189, 681 291,167 825, 656 ,678, 705 1, 743, 677 1,044, < 2,031, 868 1, 388, 050 794, 471 577, 400 885, 643 619, 702 150,106 121, 454 130,174 88, 235 19,153 15, 228 14, 743 10, 536 55, 597 26, 975 629, 914 439, 256 355,116 1, 613,154 3,510,330 643, 818 217, 071 265, 941 28, 652 41, 939 3, 925 4, 207 28, 622 190, 658 340, 499 113,147 165, 064 8, 568 69, 010 259 1, 219 11, 967 107, 666 134, 409 24, 820 20,104 15, 610 12, 438 203 282 1,724 22, 427 685, 871 165, 657 202, 845 50, 877 39, 560 4, 478 4, 938 25, 656 171, 237 871, 089 490, 847 497, 630 75,051 9,166 14, 213 8, 304 16, 250 328, 584 132, 637 55, 092 74, 215 267, 467 80.152 36, 825 29,130 111, 172 52,485 18, 267 45, 085 156, 295 40, 538 1,622 22, 573 115, 576 5, 728 833 552 9, 212 41, 874 36, 320 38,184 93, 718 44, 497 16, 317 12, 906 48,961 95, 560 45, 405 40, 337 71.152 34,148 29, 290 24, 408 11,257 11, 047 33, 502 6, 670 7,002 3, 392 2, 622 760 23, 329 11, 592 16,018 35,337 24, 521 16, 557 9,S 3, 590 364 13, 063 7, 717 1, 947 6, 583 1, 328 1,134 619 303 7,717 1,644 2, 748 14 1,925 823 14 P a r va lu e o f c a p ita l s to c k —Total------------- ------- -------------- 3,363,001 1,578,938 784,063 548,515 First preferred1_________________________________________ Second preferred i _______________________________________ C om m on. ---------------------- ------- --------------------------------------- 342, 903 267, 237 25, 239 17, 470 1, 994,859 1, 294, 231 75, 666 7. 769 700, 628 9, 721 ’ 538,~794 '90,'700 W ith Federal Reserve banks: Bills payable_________________________________________ Rediscounts__________________________________ _______ All other: Bills payable________________________________________ Rediscounts_________________________________________ 13, 436 61 2, 687 14 136,400 763,139 935,947 35, 700 114, 042 8,150 639, 947 183,440 17, 089 725, 418 i Retirable value exceeds par value, as follows: National banks. First preferred stock—b y $17,059,000, Second preferred stock—b y $1,726,000; State banks, First preferred stock—b y $31,847,000, Second preferred stock—b y $2,337,000. 6 ALL MEMBER BANKS— CONDITION ON DEC. 31, 1937, BY FEDERAL RESERVE DISTRICTS [Amounts in thousands of dollars] Federal Reserve district Total, all dis tricts Loans (including overdrafts)--------------------------------------------United States Government direct obligations_____________ Securities fully guaranteed b y United States Government. Other securities................................................- ......................... Total loans and investm ents--------------------------------------Customers’ liability on account of acceptances-----------------Banking house, furniture, and fixtures.--------------------------Other real estate owned--------------- ------------------------------------Reserve with Federal Reserve banks.................... ........... . . . Cash in vault........................... ......................... - ------- -------------Balances with private banks and American branches of foreign banks----Demand balances with banks in N ew York C ity .................... Demand balances with other domestic banks....................— Tim e balances with other domestic banks— . --------------------Balances with banks in foreign countries------ ----------------------Due from own foreign branches.------------------------------------------Cash items in process of collection------------- ------------------ ------Cash items not in process of collection---------- ----------------------Acceptances of other banks and bills sold with endorsement. Securities borrowed----------------------------- -------------------------------Other New York Phila delphia Cleve land R ich mond Atlanta , 957,823 1,005, 4, 759, 592 956, 589 1,091, 450 571,200 529, 793 584, 543, 783 1,015, 404 404,651 i, 574,143 243, 249 150, 796 130, 009 , 797,407 57, 541,298 82,114 70,949 i, 422, 382 301, 699,376 660, 219 535, 533 167, 851 171,151 , 751, 755 1, 949, 828,564 2,311, 387 2,772, 396 1,225,816 1,015,142 154, 504 10, 111, 629 2, 200 1, 225 1,818 11, 445 83, 614 99, 582 49,354 321, 543 971,465 68, 41, 293 342,694 39, 121 76, 940 16,310 101,039 15,443 17, 064, 734 364, 109 402, 465, 631 221, 203 , 005,209 181,155 66, 815 110, 775 589, 457 56, 43, 302 37,409 29,604 24, 787 2, 247 1, 235 3, 417 527 3, 848 241,074 110, 489 . 67, 772 64, 662 , 289, 310 125, 103 105, 190, 343 128,030 , 030,475 78, 123, 254 150, 385 91,403 1, 10, 779 13, 514 3, 616 1,323 69, 818 5, 278 1, 942 1, 589 50,133 69, 723 75 594 5, 3, 578 3, 120, 080 71, 856 ,079,448 !, 259, 351 102, 107, 209 72, 555 331 953 8,869 649 1,326 277 1 57 67 37, 787 41,226 215 540 150 20 895 3 25 62, 630 14, 881 14,181 5, 941 172, 396 5, 218 148 46, 785,512 Total assets.. Boston 2,811,734 16,107,365 3,278,204 3,899,292 1,829,578 1,584,191 LIABILITIES Demand deposits—T otal---------------------------------------------------------------------- 29,317,024 1, 718,002 11, 377, 729 1,642,579 1,964, 727 1,086,172 1, 018,319 727,158 Individuals, partnerships, and corporations-------------------------------..— 595,912 19, 747,450 1, 299,414 7, 533, 209 1, 204, 511 1,468, 332 34,495 24,424 18, 849 406, 603 781,034 United States Governm ent------------------------- ------- -----------------------------46, 513 27,447 109, 210 137, 567 92, 361 407, 642 138,342 States, counties, and municipalities------------ ------- ------------- ---------- — 2,131,984 105,340 266,913 295, 330 226,161 238,011 Banks in United States..............................................- .................................. 5,436,442 227,706 2,175, 846 417, 262 3,1 458 452, 772 1,09" Banks in foreign countries________________ _________________________ 1,561 8, 574 Certified and officers’ checks, cash letters of credit and travelers 24, 364 437,167 37,977 21,185 767,342 30,455 17,046 checks, etc.....................................................- .............................................. Tim e deposits—T otal--------------------------------------Individuals, partnerships, and corporations: Evidenced b y savings pass b ook s.............. Certificates of deposit.................................... Open accounts................................................ Christmas savings and similar accounts.. Postal savings........................... . . ................— States, counties, and municipalities.................. Banks in United States.................................... Banks in foreign countries............................ — 11,521,632 9,461,126 740,327 575,832 28, 761 94, 653 481,721 128, 641 10, 571 677,998 2,324,001 1,107,069 1,386,857 532,103 382,704 866, 461 1,124,016 84,046 77, 735 81, 868 81, 686 5,178 3, 249 16, 272 11, 615 35, 755 56,148 32, 226 17, 607 64 466, 991 30, 729 12, 283 1, 214 4,196 9,847 6,843 305, 721 34,368 4,138 757 15,471 14,057 8,192 607,622 1, 850,871 66,687 33, 555 281,170 18,887 6, 520 1,750 4,« 93 96,000 9,067 15, 655 1,728 7,005 450 Total deposits.----------------- ----------------------------- ------- ----------------------------- 40,838, 656 2,396,000 13, 701, 730 2, 749, 648 3,351,584 1, 618,275 1,401,023 Secured b y pledge of loans and/or investments................................... . 2,969,035 174,021 266,169 128,457 173, 562 736, 308 84,175 N ot secured b y pledge of loans a n d /or investments....... .................... . 37,869,621 2, 311,825 12,965, 422 2, 575, 627 3,085, 415 1,489, 818 1, 227,461 'D u e to own foreign branches.............................................................................. /Agreements to repurchase securities sold------------------------------- ---------------vBills payable and rediscounts............................- .............................................. "Acceptances of other banks and bills sold with endorsement-................... ("Acceptances executed for customers................................. ............................... 'Acceptances executed b y other banks for reporting banks-------------- ------Securities borrowed....................................................................................... ....... Interest, taxes, and other expenses accrued and unpaid— ...................... . ’ Dividends declared but not yet payable and amounts set aside for unde clared dividends and for accrued interest on capital notes and deben tures............ ......................................................................................................... Other liabilities................................................ ................................ - ................ Capital notes and debentures............. ............. - .........- ............ .......... ............ Capital stock (see par value on page 8)------------------------------ ----------- ------Surplus........................... ................. ............. ....................... ............ .................... Undivided profits—net................................ ..................... ............................... Reserves for contingencies.......... ................................. .......... - ......................... Retirement fund for preferred stock and capital notes and debentures. __ 43,423 108,089 52,006 2,378,600 2,010,421 602,430 311,355 16,363 Total liabilities (including capital accou n t).—........................ 46,785,512 2,811,734 16,107,365 3,278,204 3,899,292 1,829,578 1,584,191 Net demand deposits (see page 10)-------------------------------------- ---------- ------Demand deposits—adjusted1-----------------------------------------------------------------Num ber of banks...........................................................................................— 23, 740, 652 20,387,425 6,341 1,432, 9,965,956 1, 287,997 1, 543,« 1,332, 534 7, 298, 570 1, 230, 876 1, 523, 796 622 655 776 357 1 See footnote on p. 1 117, 510 2,195 12,426 41,226 157, 592 16,019 895 76,306 117,510 1,084 1,051 1,173 10,111 1,897 6, 360 3,! 5, 755 161,931 152,144 45,801 23,826 614 4,140 37, 787 115,888 9,851 540 23, 705 2, 394 57 11, 593 i,r ~ 3 5, 337 18,090 52, 354 14, 724 784,928 907,972 198, 869 116, 742 2, 535 4,004 7,852 191,916 216, 423 61,128 24, 624 1, 417 42 927 1 1,927 285 150 9, 379 186 780 67 1,150 75 20 2,189 1,169 215 1,840 145 25 1,357 2,002 6, 657 23, 289 ■202,439 212, 778 46, 734 38,953 2,145 1,900 2, 528 2, 797 101, 326 60,096 27, 694 9,462 1,033 2, 250 2, 464 592 101,194 45, 242 17,815 7, 555 1,305 818, 726 768,848 405 730, 717 678, 745 324 7 ALL MEMBER BANKS— CONDITION ON DEC. 31, 1937, B Y FEDERAL RESERVE DISTRICTS— Cont’d. , [Amounts in thousands of dollars] Federal Reserve district M inne apolis Kansas C ity Dallas San Francisco Chicago St. Louis 1 ,4 1 5,3 91 1 ,7 6 6 ,4 7 8 3 07,964 7 05,879 4 ,1 9 5 ,7 1 3 3 ,6 3 7 81, 512 19,016 1 ,0 0 5 ,0 1 9 101, 292 5, 586 253,172 302,987 5, 390 2 ,634 512,497 290,030 78,370 204,765 1 ,0 8 5 ,6 6 2 645 27,007 13,142 204, 645 22, 507 405 58,883 129, 934 1,121 178 309,917 263,719 40, 227 144, 537 758,400 219 23, 779 2, 561 125, 325 16,083 236 38, 354 103, 759 6,2 4 9 1,131 491,478 331,938 77, 858 200,051 1 ,1 0 1 ,3 2 5 109 32,010 3, 426 233,055 23, 880 1 ,655 66, 722 287, 658 9 ,9 6 2 482 443,234 246,000 46,512 132, 683 868,429 2, 509 35, 258 7, 541 189, 531 25, 350 1, 691 65, 870 240, 539 946 346 1 ,8 7 0,8 60 1 ,0 5 6,3 03 214,137 498, 616 3 ,6 3 9 ,9 1 6 8, 258 108,065 30, 217 548, 569 55, 681 3 ,3 1 7 92,187 203,903 10,498 5 ,1 9 0 272, 835 1, 530 349 40 33, 251 7 2,847 856 4 39, 722 226 80, 519 748 183,100 898 1 ,470 3 ,2 9 8 4, 283 2, 667 56, 505 605 103 117 2, 674 6 ,383, 963 1, 631,134 1 ,1 2 0 ,3 2 7 1, 844,218 1, 498, 014 4, 907,493 4 ,089, 838 2, 719,968 97,153 468,470 742, 475 6, 384 55, 388 1 ,0 4 5 ,4 4 6 648,045 14,132 97,097 275,972 259 9,941 630,128 396, 551 3 ,0 7 3 94, 716 124,149 722 10,917 1 ,3 5 6 ,5 2 2 777,358 17,038 158, 665 371,674 188 31, 599 1 ,1 1 9 ,9 6 4 727, 482 24,346 99, 993 226, 909 772 40,462 3 ,3 6 7 ,5 9 8 1, 649, 510 66, 961 222, 581 265,296 12,409 50, 841 1 ,6 3 3 ,1 8 3 404, 365 369,323 313, 933 314,399 3 ,1 8 6 ,6 9 8 1, 435,917 109,016 33, 634 4,859 4,454 25,022 9, 280 299,880 75,831 2, 561 347 4, 999 13, 527 7 ,220 287, 966 67,032 769 446 3,681 5, 228 4 ,201 223,403 64,030 5,606 1,567 2, 784 7 ,9 6 0 8,5 8 3 170,729 23,163 2,466 634 3, 640 12, 962 805 1,821, 549 74,135 50, 764 2, 240 22, 509 196,148 16,301 3,0 5 2 ASSETS 16, 224 LIABILITIE S D e m a n d d e p o s i t s — Total ______ _________________________________________ Individuals partnerships, and corporations _ _ __________________ __________________________________ United States Government States, counties, and municipalities ___ _____________________________________ Banks in United States -___________________________________ Banks in foreign countries _______ ________________________________ Certified and officers’ checks, cash letters of credit and travelers’ checks, etc....... T i m e d e p o s i t s '—“ 101£.1 5 5 __ __________ _____ ____________________________ Individuals, partnerships, and corporations: _ ________________________________ Evidenced by savings pass books __ Certificates of deposit - . __________________________________________ Open accounts __ _________ ___________________________________ Christmas savings and similar accounts___________________________________ Postal savings ________________________________________________ States, counties, and municipalities ____ - __ _________________________ :____ __________________________ ______________ ___ Banks in United States __ __ Banks in foreign countries - ________________________________ T o t a l d e p o s its _ _______________________________________ _ Secured b y pledge of loans and /or investments________________________________ N ot secured b y pledge of loans and /or investments________________________ ___ Bills payable and rediscounts_ _ ____________________________________________ Acceptances of other banks and bills sold with endorsement Acceptances executed for customers _______________________________________________ Acceptances executed b y other banks for reporting banks_______ _________________ Securities borrowed . Interest, taxes, and other expenses accrued and unpaid____________________________ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures______________ Other liabilities _ . __________________________________________ Capital notes and debentures______________________________________________________ Capital stock (see par value on page 9 ) _ ___________________________________________________ Undivided profits—n e t ___ _____________________________________________________ Reserves for contingencies __ __________________________________________ Retirement fund for preferred stock and capital notes and debentures_____________ T o t a l l i a b i l i t i e s ( i n c l u d i n g c a p i t a l a c c o u n t ) _______________________________ Net demand deposits (see page 1 0 ). ______________________________________________________ Demand deposits—adjusted1_____________________________________________________ Number of banks___ - _____________________________________________________________ 1 See footnote on p. 1 5,712,030 1, 449,811 999,451 1, 670,455 1,334,363 4,454,396 97,4 46 902,005 183,857 1, 486, 598 136, 768 1,197, 595 559, 460 3 ,8 9 4 ,8 3 6 27 173 50 1,135 161 58 5 104 573 307 1, 470 8,700 860 1 ,9 6 8 2 ,9 0 4 1,9 2 7 233 46 103 2, 252 257 117 2, 487 1,2 3 9 6 ,474 2, 759 86,093 40,394 24,765 5,676 1,213 249 5 ,060 229 63, 599 32,407 11,931 3 ,6 4 9 429 1 ,0 2 3 1 ,045 50 89, 733 47,288 23,737 7 ,000 666 1,5 9 4 1, 358 393 86,937 42,601 19, 560 4 ,5 6 6 1 ,147 4, 262 10,899 1,262 219,893 116,260 58,994 20,927 1,5 8 6 321, 516 5,390, 504 107, 296 1, 342, 515 233 349 3,301 676 40 11,489 71 4 664 3 2 ,8 2 3 5,643 5,911 288,611 136,816 65,402 48,375 2, 273 7 ,2 0 4 6,283,962 1,621,134 1,130,327 1,844,218 1,498,014 4,907,493 3 ,2 6 0,9 95 2 ,9 7 0,9 91 769 783,890 682,236 392 448,327 462,462 469 921,996 887,103 733 757,071 811,432 547 1 ,7 8 8,8 34 1 ,7 3 9,8 32 292 8 ALL MEMBER BANKS— CLASSIFICATION OF LOANS, INVESTMENTS, BORROWINGS, AND CAPITAL STOCK ON DEC. 31, 1937, BY FEDERAL RESERVE DISTRICTS [In thousands of dollars] Federal Reserve district Total, all dis tricts 13,957,823 Boston New York 1,005,822 4, 759, 592 Phila delphia Cleve land 956,589 1, 091, 450 R ich mond Atlanta 571,200 529,793 113, 781 5, 911 40, 931 30,065 218 906 30,105 2, 282 3, 345 34 16, 446 7,149 158 82 17,136 2,918 560 2, 531 6, 742 3,177 3, 702, 622 257,019 1, 770, 267 264, 781 331, 219 131, 395 96,195 738,123 212,079 2, 752, 420 8, 933 22, 981 225,105 717, 336 60, 322 992, 609 5, 990 14,998 243,793 192 24, 455 306, 572 645 4,714 126,036 29 9,160 87,006 264, 924 2, 282, 503 129, 695 500,058 6, 496,144 4,108 11,912 189, 222 469; 172 20, 686 75, 527 7,080 19,915 428, 681 2,222, 111 16, 659 199,472 4,194 19,802 418,170 27, 210 283, 678 2/145 21,144 399,080 17, 420 107, 482 176 16, 659 277, 774 11, 239 53,314 1,321 24, 447 330,267 United States Government direct obligations—Total_______________ 10,574,143 584,290 3, 828,298 543,783 1, 015, 404 404, 651 243,249 Treasury bonds maturing on or before December 31, 1949.................... 2,473,115 Treasury bonds maturing after December 31, 1949______ __________ 3,123, 111 Other United States bonds....................... ............................ ................... 39,104 Treasury notes___________________________________ _________________ 4,277,041 Treasury bills_______________________________________________________ 661, 772 163, 276 837, 323 186,129 751, 758 1,605 2,889 188,097 1, 739, 300 45,183 497,028 176,514 235, 650 2, 513 127, 642 1,464 265, 221 301,091 3, 041 416,015 30,036 81, 430 127, 941 1, 598 188, 667 5,015 78,073 91,085 1, 737 72,010 344 Acceptances of other banks payable in United States_______________ Bills, acceptances, etc., payable in foreign countries_________________ Commercial paper bought in open market___ ______________________ Loans to banks 125, 835 22, 502 363, 597 69, 943 Loans on securities exclusive of loans to banks—Total______________ T o brokers and dealers in New Y o r k .._________________________ T o brokers and dealers elsewhere._____ ________________ _______ T o others_________________ _______________ _____________________ Real estate loans: On farm land____ __________________________________ __________ On other real estate_______ ___________________________ __________ Reporting banks’ own acceptances___ __ ________________________ Agricultural loans (except loans on farm la n d )_____________________ All other loans (including overdrafts)____________ ________ __________ Securities fully guaranteed by U. S. Governm ent—T o t a l __________ 1, 797, 407 Reconstruction Finance Corporation_________________ _____________ Federal Farm Mortgage Corporation____________ __________________ Home Owners’ Loan Corporation___________________________________ 255, 432 398,899 1,143,076 Other securities—T otal______________ ________________________________ 5, 422, 382 Obligations of: States, counties, municipalities, etc.__ . . . _ __________________ 2,031, 868 Public utilities__________________________ . . . . __ __ 794, 471 Railroads.. . _________________________________________ _______ 885, 643 Federal land banks_________ ________ ______________________ 150,106 Intermediate credit banks_____ ____ ____________________________ 130,174 Joint-stock land banks.____ _____________________________________ 19,153 Territorial and insular possessions______________________________ 14, 743 Real estate corporations________________________________________ 55, 597 Other domestic corporations.................................... .......... ............ . 629, 914 Stock of: Federal Reserve banks................ .......... ..................................... ......... 132, 637 Real estate corporations.________________________________________ 55,092 Banks and banking corporations_______ _________________________ 74, 215 Other domestic corporations____________ _______________________ 267,467 Foreign securities: Central governm ents..______ ________________1___________________ 95, 560 Provincial, State, and municipal governments_______ ____ ______ 45,405 Other foreign securities________ ________________________________ 40, 337 1,263 1,608 91, 396 4, 759 57,173 541,298 150, 796 130, 009 82,114 70,949 2,145 17, 307 37, 721 150, 588 50,151 340, 559 155 39, 268 111,373 2, 436 25,043 102, 530 652 18, 968 ►62,494 200 18,124 52,625 301, 721 1, 699,376 660,219 535, 533 167, 851 171,151 62,000 73, 383 63, 448 3,842 7, 518 709 1,312 2,714 33,891 523, 818 249,069 322, 912 17, 523 70, 460 843 2,042 15,030 187, 328 134, 404 155, 506 170,169 17, 674 277 1,081 926 5, 853 91, 786 131,591 89, 420 100, 911 30, 279 5, 939 1,745 2,082 5, 286 92, 268 68, 875 20, 705 24, 278 11, 957 597 592 416 2,186 20, 446 110,621 8,094 13, 253 7, 791 1,003 639 616 2,260 12,617 9,388 4,078 5, 519 16,491 51,013 9,825 29, 902 154, 533 12, 258 6, 455 6, 254 29,088 13,032 3, 241 21, 890 20,062 4,897 3,133 572 4,975 4,401 956 1, 530 4,937 5, 272 4,712 7,444 41,325 12,817 10,936 6,602 5, 311 5,874 2,406 927 889 1, 290 823 320 12, 426 1,051 4,140 2,394 927 780 1,169 7,717 1,947 641 2, 997 94 1,737 272 588 84 595 551 398 2, 748 14 410 1,049 385 245 10 185 220 2,363,001 160,681 772,344 190,833 202,439 101,251 100,785 First preferred. ______________ ____________________________ 342,903 Second preferred..___________ ___________________________________ 25, 239 Com m on____ _______________________________________________________ 1,994,859 18, 309 2, 565 139, 807 69,920 8, 364 694,060 24, 963 5, 270 160, 600 27,062 1,013 174, 364 14, 480 519 86, 252 22,427 3, 475 74,883 Bills payable and rediscounts—T otal_______________________________ W ith Federal Reserve banks: Bills payable.___________ ___________________________ *___________ Rediscounts_________ _________________________________ ______ All other: Bills payable................... .................... .................................. ................. R ed iscoun ts..._____ _________________________________________ _ Par value o f capital stock— T otal___________________________________ 13, 523 7, 223 7,742 • 9 ALL MEMBER BANKS— CLASSIFICATION OF LOANS, INVESTMENTS, BORROWINGS, AND CAPITAL STOCK, ON DEC. 31, 1937, BY FEDERAL RESERVE DISTRICTS— Continued [In thousands of dollars] Federal Reserve District St. Louis Chicago M inne apolis Kansas C ity 491, 478 San Francisco Dallas 443,334 1, 870, 860 L o a n s —T otal----------------------------------------------------------------------------------------- ------- --------- 1, 415,391 513, 497 309, 917 292 260 16, 232 7, 958 15 Commercial paper bought in open market____________ ____________ _______ Loans to b a n k s _______________________ _____________ _ _ . _ ________ ______ 1,664 2, 347 70, 499 7, 270 18, 332 274 28, 964 1,078 543 142 4, 939 1,013 3, 996 8, 681 21, 875 2,000 Loans on securities exclusive of loans to banks—total__________________________ 318, 746 104, 557 44, 711 65,099 52, 985 265,648 22 3, 468 49, 495 1,875 15, 031 248, 742 95, 689 634, 532 17, 296 94, 565 726, 578 T o brokers and dealers elsew here______________________ __________________ T o others________________________________________________________________ - 2, 526 47, 058 269,162 5, 025 99, 532 1,256 43, 455 575 3, 611 60, 913 Real estate loans: On farm land_________________________________ _____ ___________________ On other real estate___________________________________________ ___________ Reporting banks’ own acceptances------- ------- ----------------------------------------------------Agricultural loans (except loans on farm land)_____ ___________ ____ _________ All other loans (including overdrafts)_____ ________________ _________________ 31, 265 179, 263 6, 202 66, 957 731,178 12,889 79, 950 4 31,136 259, 219 8, 750 22, 077 1,674 35, 958 178,126 16, 525 33, 257 184 102,086 244, 285 11, 258 31, 084 286 60, 309 280, 675 1, 766, 478 390, 030 363, 719 331, 938 346, 000 1, 056,303 Treasury bonds maturing on or before December 31, 1949_____ ____ ___________ Treasury bonds maturing after December 31, 1949_____________ ____ _________ Other United States bonds______ _________ _____________________________ ____ Treasury notes________________________ ______________ _____ __________________ Treasury bills--------------------------------------------------------- ---------------------------------------- 283,345 689, 027 6, 895 743,189 44, 022 69, 652 69, 340 2, 633 141, 565 6, 840 61, 584 78, 844 4,815 115, 888 2, 588 87, 548 75, 599 8,248 153, 370 7,173 24, 471 87,190 1, 538 127, 891 4,910 344, 678 429, 457 1,592 263, 407 17,169 S e cu rities fu lly g u a r a n te e d b y U . S. G o v e rn m e n t— T otal--------------------------------- 307, 964 78,370 40, 337 77, 858 46, 513 314,137 971 12, 024 33, 517 2,615 87, 449 124,073 U n ited S ta tes G o v e r n m e n t d ir e c t o b lig a tio n s — T otal------------------------ J---------- Reconstruction Finance Corporation____________________________ ______________ Federal Farm Mortgage Corporation__________________________________________ Hom e Owners’ Loan Corporation------------------------------- -------------------------------------O th e r s e c u ritie s— T otal________________________ — ------------------------------------ — Obligations of: States, counties, municipalities, etc____________________ __________________ Public utilities____________ ______________________________________________ Railroads-------------------------------------------- ------- ------------------------------------------------Federal land banks________________________________________________________ Intermediate credit banks_______ __________________________________ ___ ._ Joint stock land banks_____ __ ______________________ _______________ . . Territorial and insular possessions___ _______ _____________________ . . . __ Real estate corporations. __ _________ ______________ __________________ _ Other domestic corporations____ _____ _______________________ ________ Stock of: Federal Reserve banks_______ _______ _____ _____________________________ Real estate corporations___ _________________________________ ______________ Banks and banking corporations__________________________________________ Other domestic corporations___________________________________ ___________ Foreign securities: Central governments______________ ______________________________________ Provincial, State, and municipal governments______________________ _____ Other foreign securities_________ _ _____________ _____ _ . . . ______________ _ Bills payable and rediscounts— Total---------------------------------------------------------------W ith Federal Reserve banks: Bills payable__________ ______________________________ _____________________ Rediscounts_____________ _____________________ ____________________________ All other: Bills payable________________________ ____________________________ ________ Rediscounts_______________________________________________________________ 83, 682 59,199 165, 083 6, 876 23, 374 48,120 2, 460 15, 581. 22,186 2, 652 32, 411 42, 795 705, 879 304, 765 144,537 300, 051 133, 683 498, 61fr 322, 762 99,187 84, 583 25,177 23, 590 8, 233 3, 228 4, 682 89,142 90,140 23, 402 22, 412 9, 629 1, 889 749 1,282 2, 914 30, 623 67, 567 19,158 20, 955 4, 952 1,243 524 272 502 19, 579 134,133 9, 696 14, 716 9, 981 4, 519 736 1,116 411 11, 045 94,159 4, 260 3, 285 6, 262 2, 724 1,819 124 4,055 7, 700 291, 798. 42, 591 44, 721 5, 039 10, 415 1, 483 1, 327 9, 704 33,489 12, 891 2,133 2,128 10, 835 3, 866 261 154 14, 364 2,891 1,016 11 470 4,073 1, 033 257 2,139 3, 880 1,128 1,319 1, 214 10, 047 21, 83a 4, 679 8,359 9,061 6,294 1,953 1,841 675 564 2, 393 2, 042 962 2,149 2, 700 1,347 496 97 161 9,202 1,784 2,145 333 71 173 1,135 46 307 150 79 22 65 108 209 873 17 26 145 13 53 3 149 49 4 Par value o f capital stock— T otal................................................................ ................... 388,445 86, 711 63,599 89,774 86,937 319,303 First preferred— ...................... ...................... ............................... ............................ . Second preferred......................................... ........................................... ............................ C om m on._________________ _____________________________________________ _____ 83,180 1, 264 204,001 8, 989 1,162 76, 560 11, 494 1,200 50, 905 12, 703 379 76, 692 15, 360 6 71, 571 34,016 22 185,164 10 ALL MEMBER BANKS—RESERVE POSITION ON DEC. 31, 1937 [In thousands of dollars] Reserve with Federal Reserve Ratio of Deduc banks required tions al Net de Net de reserves Gross de mand lowed in deposits Tim e mand to net mand com put subject to deposits plus time demand deposits ing deposits Required2 Helds reserve Excess plus time reserves1 deposits (percent) A ll m e m b e r b a n k s Central reserve city b an k s... Reserve city banks................. Country banks........................ All member banks: Boston............................. N ew Y ork.......................... Philadelphia____________ Cleveland.......................... R ichm ond........... ............. Atlanta______ __________ Chicago________________ St. L ou is.._____________ Minneapolis_______ _____ Kansas C ity____________ Dallas................................ San Francisco__________ Central reserve city banks: New Y ork______________ Chicago..... ........................ Reserve city banks: Boston..................... ........... New Y ork______________ Philadelphia____________ Cleveland_____ ____ ____ Richm ond______________ Atlanta_________________ Chicago________________ St. Louis_______________ Minneapolis____________ Kansas C ity ____ ._______ Dallas__________________ San Francisco.......... ........ Country banks: Boston_________________ N ew Y ork _____ ________ Philadelphia___________ Cleveland______________ R ichm ond_________ ____ Atlanta.............. ................ Chicago________________ St. Louis.................... ....... Minneapolis. _____ _____ Kansas C ity____ _______ Dallas__________________ San Francisco__________ Ratio of reserves held to net de mand plus time deposits (percent) 429,315,531 45,574,869 23, 740,652 11,521,632 35,262,284 5, 793,017 7, 005,209 1,212,192 16.4 19.9 <12,186,857 41,425, 628 10, 761, 229 1,206, 755 11,967, 984 2,870, 325 3, 334,016 10, 386, 272 2, 274,1 8, 111, 336 4, 571, 762 12, 683,098 1, 896, 573 2, 309,707 6, 742,392 1,874,305 4, 868,087 5, 743,115 10, 611, 202 1,026,119 1, 361,486 463, 691 413,134 335, 367 24.0 15.0 9.7 27.9 18.2 12.8 110,161 291,152 402, 233 289,957 2, 611, 204 3,064, 734 395,066 297,196 364,109 930,837 366,850 465, 631 350,829 175,052 221, 203 113, 421 151,044 181,155 883,177 828,032 1,005,019 188, 255 167,013 204, 645 817, 650 100, 244 125, 325 235,929 186,137 233,055 971, 470 144, 310 189, 531 975, 532 474, 783 548, 569 111,081 453, 530 66,913 98, 781 46,151 30, 111 176,987 37, 632 25,081 46,918 45, 221 73, 786 13.8 21.2 12.4 12.5 13.0 13.6 17.0 14.1 12.3 15.1 14.9 11.9 19.1 24.9 15.2 15.9 16.4 16.3 20.6 17.2 15.3 18.9 19.5 13.8 752, 778 9, 650, 935 2, 358, 688 2, 737,972 453,977 2, 317,049 511, 637 596,044 379, 284 84, 407 24.4 22.1 28.4 25.7 718,002 285,839 1,432,163 677, 377, 729 1, 411, 773 9, 965,956 2,324, 642, 579 354, 582 1, 287,997 1,107, 964, 727 420, 747 1, 543, r ~ 1, 386, 086,172 267,446 818.726 532, 018, 319 287, 602 730,717 382, 088, 335 4827,340 3, 260,995 1, 622, 045, 446 261, 556 783,890 404, 630,128 181,801 448, 327 369, 356, 522 434, 526 921,996 313, 119, 964 362,893 757,071 214, 267, 598 478, 764 1, 788,834 2,186, 005, 888 1,107, 731 8, 898,157 180, 969 4317, 897 1, 863,072 946, 704 181, 494 049,195 392, 713 607, 363 577, 342 136, 536 710,050 336, 858 914,065 606, 249 927, 703 113, 890 832,814 109, 820 35, 645 145, 849 156,319 208, 316 840,879 235, 304 268,024 1,124, 689 726,086 132, 282 475,081 199, 436 147, 668 429, 674 172,025 293, 317 843, 219 510,642 159,942 550,108 172,446 81, 542 255,316 92, 348 277,042 637,023 156, 794 181,978 424, 271 118, 653 375, 290 1, 552,413 1, 921,; 771, 298 190,347 593, 384 572,014 478,809 440,977 770, 830 335, 396 293, 270 442, 457 513, 715 339, 895 171,949 268, 397 146, 266 152, 723 135,164 139, 934 216,126 101, 614 100, 259 157, 484 180, 915 103,474 942, 634 302,168 1,076,183 1,850,775 674, 517 601,699 1, 353, 861 722, 554 347,664 793,817 542,924 3, 474, . 173,152 38, 549 182, 294 268, 503 106,982 96, 257 199,283 120, 368 56, 604 136,812 91,973 425, 796 257, 774 40, 808 215, 884 335,837 136,033 111, 608 241, 615 144,150 65,293 162, 531 109, 393 488, 781 84, 622 2, 259 33, 590 67,334 29,051 15,351 42, 332 23,782 8, 689 25, 719 17,420 62,985 18.4 12.8 16.9 14.5 15.9 16.0 14.7 16.7 16.3 17.2 16.9 12.3 27.3 13.5 20.1 18.1 20.2 18.5 17.8 20.0 18.8 20.5 20.1 14.1 599, 349 568,178 1,167, 527 921,950 1, 414,904 2, 336, 854 447,118 871, 765 1, 318,883 419, 291 660, 771 1,080,062 343,645 332,667 676, 312 301,043 210,679 511,722 554, 704 657, 563 1, 212, 267 233, 782 231, 919 465, 701 193,011 276, 975 469,986 284, 973 157,139 442,112 332,800 95, 746 428, 546 236,421 264,809 501, 230 118,000 213,967 114,902 98,347 68,070 54, 787 117,112 46, 645 43, 640 49,325 52, 337 48,987 144,459 285, 954 148,225 129, 794 85,170 69, 547 167, 360 60, 495 60,032 70, 524 80,138 59, 788 26, 459 71,987 33,323 31, 447 17,100 14,760 50,248 13, 850 16, 392 21,199 27,801 10, 801 10.1 9.2 8.7 9.1 10.1 10.7 9.7 10.0 9.3 11.2 12.2 12.4 12.2 11.2 12.0 12.6 13.6 13.8 13.0 12.8 16.0 18.7 11.9 mu P £ mand balances with domestic banks, except private banks and American branches of foreign banks, plus cash items in process of collection. The difference between the figures shown in this column and the figures shown against the corresponding captions under “ Assets” is accounted for b y an excess of allowable deductions over gross demand deposits at a number of banks. 2 Reserves actually required are based on deposits at opening of business. The figures in this column, therefore, represent the reserves required to be maintained on the business day following the call date. 3 Based on member banks’ books. These figures differ from those shown b y the Federal Reserve banks’ books because of a lack of synchro nization of entries on the books of the Federal Reserve banks and the member banks. 4 “ Gross demand deposits” and “ Deductions” , as shown in this table but not elsewhere, exclude uninvested trust funds and balances due from banks, respectively, reported b y one bank that has no commercial department. ALL MEMBER BANKS- LOANS AND INVESTMENTS PLEDGED TO SECURE LIABILITIES ON DEC. 31, 1937 [In thousands of dollars] Total, all member banks Central reserve city banks New York Other re serve city banks Country banks Chicago U. S. Government obligations, direct and/or fully guaranteed....... . Other bonds, stocks and securities...____ ___________________________ Loans and discounts______ _________________________________ 2,911,168 702, 515 62,334 586, 258 93,844 6,665 177,493 2, 534 173 1,373,916 289, 758 21,127 773, 501 316,379 34,369 Total pledged____________________________________________ 3, 676,017 686,767 180,200 1, 684, 801 1,124,249 943, 659 1,792, 387 529, 327 199, 325 12, 740 137, 699 60, 880 397,228 79, 712 77, 967 50, 818 65, 547 11, 558 83, 700 14, 592 57, 463 23, 579 4, 742 61 317,115 1,007, 274 219,959 94,087 61 27, 603 18, 702 163, 769 693, 843 147, 701 39,828 12,679 47,891 18, 538 Pledged: Against U. S. Government and Postal Savings deposits________ Against State, county, and municipal deposits______________ . . . Against trust department deposits...................................................... Against other deposits________ _________________________________ Against borrowings______ ______________________________ _______ W ith State authorities to qualify for exercise of fiduciary powers. For other purposes_______ ______________________________________ STATE MEMBER BANKS—CONDITION ON DEC. 31, 1937, BY FEDERAL RESERVE DISTRICTS [Amounts in thousands of dollars] Federal R eserve D istrict Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis M inne Kansas Dallas apolis C ity San Fran cisco ASSETS 5,161, 616 232, 702 2,951, 382 3, 821, 301 163,154 2, 286, 945 233, 425 490, 903 13, 860 717, 369 1, 743, 677 72, 545 482,261 11, 217, 497 72, 857 363 77, 417 183, 577 340, 947 18, 347 187,114 73, 777 8, 405 2, 832, 294 77, 299 1, 887, 358 62,168 170,974 11,093 2, 773 29 9,055 133, 264 367, 455 25,122 Demand balances with banks in N ew Y ork C ity________________________________________ 62,128 438,670 18, 936 557 69 14,956 Tim e balances with other domestic banks__________________________ ____ ___________ ____341 26, 595 30,257 679, 348 939,375 20, 682 Cash items in process of collection____________________________ ____ ____________ ;______ _ 799 126 2, 706 Casb items not in process of collection __ _ __ _ ____ ____ ___ 20,985 58 21, 261 540 707 39,947 71,312 2, 207 Other assets_______________________________________________________________________________ 342,409 529,791 180, 319 72,460 388,153 105, 987 28, 595 362,879 50, 797 16, 398 6, 543 63, 391 22, 374 262, 331 166, 713 58, 838 1,135, 454 361,542 6,189,1211,031,010 129, 972 676, 631 43 787 841 178 848 4, 936 17,981 23, 622 38, 483 20,190 7,456 3, 280 40, 864 26, 754 6,446 232,514 126, 842 201, 071 68,890 22,176 3,505 26,833 10,815 26, 545 10,130 2, 677 551 111 1,401 50, 489 41, 237 20, 265 8,337 37,608 44, 777 55, 615 34, 670 19, 404 75,112 422 4, 350 5,148 431 1, 208 48 ~ 5 640 49 515 31,150 51, 350 25, 794 8, 669 51,127 72 53 335 169 323 66 1 20 40 772 4, 688 7, 692 7, 940 2, 991 275, 063 153,752 54, 838 192, 978 153, 778 99, 511 24, 210 71, 048 348,547 184 8,506 7,150 63,296 5,384 156 15, 722 34, 478 289 48 22,206 393 4 19,328 60,625 12, 546 42,407 7,070 3, 523 13,149 38,081 48,546 148,183 1,438 294 8,158 1,604 3,137 9,744 417 18 1, 647 11 3,135 993 444 1,210 6,752 35,590 2, 747 1,482 361 32 7, 758 1,317 29,672 12,944 45 493 371 18,622 1,046 31 8 1,287 153 463 16, 721, 997 665,338 9, 435, 794 1, 020, 053 1, 591,911 552, 605 202,514 1, 487, 878 507,650 75,167 248,636 _ _________________ ________________________________ Individuals, partnerships, and corporations_________________________________ ________ United States Government __ _________________________________________________ States, counties, and municipalities____ ___________ ___________________________ __ Banks in United States __ __________ ______________________________ ________ Banks in foreign countries _ _______ -- ______ .____________ __________ ______ Certified and officers’ checks, cash letters of credit and travelers’ checks, etc_______ ___ T im e deposits— Total . _____ ______________________________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass b o o k s .____ ____________ ___________________ _________ Certificates of deposit ______ ________________ ________ __________________ ____ Open accounts _____________________________________________________ Christmas savings and similar accounts_________ ________________________________ Postal savings________ _ _________________ ___________ ___________________________ States, counties, and municipalities _______________ - _____________________ _______ ____ Banks in United States __ __ ____________________________ _____ ________ Banks in foreign countries ___ _ _ __ _________________ T o ta l deposits _ 10, 857, 769 361,188 6,838,833 7, 597,001 306, 552 4, 618,098 4, 843 217, 358 279, 660 177,012 476, 516 22, 495 1, 924, 237 17, 610 1, 318,457 805 236, 251 241, 929 8, 883 271, 657 338,426 3, 494,118 205,101 1,157,022 2,834,247 190, 542 8,084 162, 796 1,200 322,324 455 9, 856 724 11,374 3, 324 122, 701 772 29, 540 1,280 819,872 30, 258 232, 591 2, 762 58,838 11,921 780 ___________ _________________ ______________________________ _____________ 14,351,887 566, 289 7, 995, 855 15, 353 15,353 584 1,199 1,070 2, 590 21, 261 58 20,985 232 74, 740 79, 254 6, 234 149 5.910 540 707 31,084 3,173 13. 811 Due to own foreign branches _ _ _ Agreements to repurchase securities sold Bills payable and rediscounts ____ _ _ ________________________________ Acceptances of other banks and bills sold with endorsement Acceptances executed for customers ______ __ _______ ___________ Acceptances executed b y other banks for reporting banks Securities borrowed __ ____ Interest, taxes, and other expenses accrued and unpaid________ ____________ ______ ______ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures_______________ ________________ Other liabilities _ _______________ ____________________________________ ____ Capital notes and debentures __ ____________ ______________________________ __________ Capital stock_________________________________________________________ ________ _________ Surplus____ _________ _____ ________ _______________________________________ ____________ Undivided profits—net _ _ __________________________________ ____________ Reserves for contingencies __ _ ______________________________ ________________ _ Retirement fund for preferred stock and capital notes and debentures_____________________ Total liabilities (including capital accou n t) ____________________________________ 3,057 59,628 874,823 342,246 119, 000 209,449 75,010 4, 727 2, 765 28, 795 22, 661 92, 386 16, 750 6 70 1,808 6, 819 143, 827 53, 763 621,368 507, 696 14,094 22, 778 67,110 46 9, 644 224, 889 753, 832 602,464 10, 874 42,830 85,052 361 12, 251 585, 856 168,108 21,197 24,399 666 1,322 7, 514 1,683 490,639 130,131 25, 297 6,204 40,087 3,013 1,590 372 1,518 743 22,070 1,981 4, 655 1,383 39, 648 5, 321 151 43 4,204 4,138 258 827, 856 317,314 622,066 209, 261 5,151 13,031 21, 526 80, 291 98, 555 78, 321 34 611 3,021 13,302 531, 919 128,779 39,465 200,074 26, 518 88,697 2,225 118 7,954 19,946 4,304 85, 734 1 136 3,336 570 27, 771 28,238 489, 263 104,433 23, 634 21.072 6,021 ' 188 107 3,438 1,185 750 2,076 6,931 153 1,447 19, 599 7,158 9 22 232 741 10 846,257 1,339, 688 486,073 172, 763 1,359, 775 446,093 42 1 42 154 1 786 1 227 66 841 639 162 15 914 392,699 297,157 4, 267 23, 790 57,371 3, 608 629 6, 506 9,156 397,797 22,998 3,995 40 110 387 100 608 7, 562 351,452 1,109 9,467 148 14,477 284 7 60 249 270 14,718 6,650 500 67,236 228,312 53,050 790,496 96 71 43,894 34,033 207 J3,438 2,587 165 4 181 3 573 168 147 1,356 155 20 8S2 323 40 1,969 905 55 212 107 69 "I , 505 649 301 5, 517 1,313 23, 289 2, 797 66,429 29,994 116, 577 18, 795 14,047 7, 629 18, 763 3, 281 711 386 449 606 592 14, 541 7, 339 2, 329 2,599 157 512 1,173 5, 911 53,674 28, 723 16, 309 17, 792 1,015 454 5,325 2, 759 31,170 10,115 7,364 2,631 646 10 45 229 4, 472 1,665 988 353 18 42 43 50 10, 258 5, 276 2,999 1, 229 50 91 532 20 3,809 1,262 393 3,647 43,583 1,681 17,164 481 11,445 64 2,491 25 137 16, 721,997 665,338 9,435, 794 1, 020,053 1, 591,911 552,605 202,514 1, 487, 878 507, 650 75,167 248,636 59,628 874,823 664, 898 244,972 664, 532 211,602 75 239 24, 961 144,022 93, 357 33,395 63 66 28, 587 300,881 40,054 299, 719 58 69 16,022 505 62, 762 1, 228 52,006 804, 544 '39,'646 912, 217 35,555 202, 673 7,801 157, 691 10,074 44 4, 513 11,007 38, 250 14, 724 448,358 590, 851 115,313 87,847 1,180 Net demand deposits (see page 10) _ __ __________________________________________________ 9,113,893 296, 580 5,964,093 Demand deposits—ad justed____ __________________________________________________________ 7,472,568 317,248 4,387,419 42 1,081 173 Number of banks_______________________________________________________________ __________ 107 115 325,088 170,421 15,003 121, 375 631,887 1,316 19,739 11,034 102,348 8,668 964 23,199 41,190 1, 527 1,627 27, 734 386 147 V56/ LIABILITIES D em a n d deposits— Total 18,671 6,951 1,845 6,876 34,343 2, 923 1,470 5,433 58,"" 772 78,476 15,968 10, 567 144 494,960 508,968 65 5, 257 605,630 261, 719 606,195 219, 269 109 67 82. 590 90,810 55 ALL MEMBER BANKS— CONDITION ON DECEMBER 31, 1937, OF BANKS IN CENTRAL RESERVE AND RESERVE CITIES1 AND OF BANKS OUTSIDE SUCH CITIES (COUNTRY BANKS) [Amounts in thousands of dollars. Federal Reserve bank and branch cities are shown in bold-face type] District No. 1 BOSTON Coun try banks District No. 2 NEW YO R K 2 Buf falo Coun try District No. 3 PHILA DEL PHIA Coun try banks District N o. 4 CLEVE Cin LAND cin nati Pitts burgh C o lum Toledo bus Coun try banks ASSETS Loans (including overdrafts)____________________________ _____ _______ United States Government direct obligations_________________________ Securities fully guaranteed b y United States Government____________ Other securities___________________________________________________ T o ta l loans an d in v e stm e n ts___________________________ _____ ________ Customers’ liability on account of acceptances_____ _____ ____ _______ Banking house, furniture, and fixtures___________ _____ ______________ Other real estate owned_______________________________________________ Reserve with Federal Reserve banks_________________________________ Cash in vault_________________________________________________________ Balances with private banks and American branches of foreign banks.. Demand balances with banks in N ew York C ity ._____ ______________ Demand balances with other domestic banks______________ ____ _____ Tim e balances with other domestic b a n k s...____ _____________________ Balances with banks in foreign countries______________________________ Due from own foreign branches________________________ ____ _________ Cash items in process of collection_______________________ ____ _______ Cash items not in process of collection________________________________ Acceptances of other banks and bills sold with endorsement__________ Securities borrowed______________________ ____________________________ Other assets_________ ____ _____________________________________ _____ 455,195 550, 627 3, 684, 929, 609 260,000 324, 290 3, 213, 567, 413 48,441 8, 732 389, 137, 944 73,003 228, 718 1,051, 590,054 796, 930 ,152,076 8,338, ,235, 020 434 10, 376 110, 708 25,115 43, 333 226, 82,398 3, 872 14,066 33, 61, 453 257, 774 144, 459 2, 742, 285, 954 24, 647 32,112 56, 49, 878 1, 493 130 1, 1, 237 43, 644 61, 378 72, 158,184 16, 320 61, 960 48, 36, 349 269 873 1,107 4, 348 1,081 47, 932 3, 578 54,058 48, 617 991,056 14,376 74,016 21 449 744 51 531 1,115 58 37, 745 42 540 3, 203 3, 945 1,167 13, 996 395, 948 560, 641 267,965 275, 818 73,153 77,643 234,471 425, 748 976, 037 , 335,360 64 11,381 23, 595 60,019 44,933 32,007 215,884 148, 225 12, 574 30, 728 720 3,128 61,804 63, 299 65,849 57,405 7, 663 3,116 5 1,937 80,671 55 57 10,827 133, 827 77, 788 5,1 38.137 355, 434 359 13,432 4, 659 44,846 5,641 183 18.138 17, 538 213 70 246, 248 34,968 452,022 28,647 4,020 8, 761 118, 415 31,771 830, 705 104,147 285 26 25,303 5,056 655 147’ 118 21,874 6, 709 3, 466 754 361 23,819 9, 363 27, 428 16,833 103 120 358 26,127 36,415 4, 319 5, 73, 750 400 2, 333 1,491 32,167 4, 790 26, 538 28, 798 20,110 150 276 75 34,182 10, 984 24 47 5, 721 2 3 4,054 3,853 941 5, 831 164 "4," 746 6, 226 32 182 420,026 245,467 72,386 293, 681 031,560 43,802 14,176 129, 794 37,199 22 34,112 98, 491 12,166 112 20, 285 655 1 150 3, 210 1,246, 763 1,564, 971 12, 756, 930 358, 090 i, 992,345 1, 503, 459 1, 774, 745 689, 943 381, 639 1, 097, 803 173,311 130, 840 1, 435, 758 Total assets.. LIABILITIE S Demand deposits—Total_______________________________________________________________ Individuals, partnerships, and corporations_________________ ________________________ United States Government___________________________________________________________ States, counties, and municipalities___________________________________________________ Banks in United States______________________________ ______ ______ __________________ Banks in foreign countries____ _______________________________________________________ Certified and officers’ checks, cash letters of credit and travelers’ checks, e t c ._________ T im e deposits—Total___________________________________________________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass books________________ ____ ___________________________ Certificates of deposit______ __________________________ ____________________________ Open accounts___________________________________________________________________ Christmas savings and similar accounts____________________________ _____________ Postal savings_______ ________________________________________________________________ States, counties, and municipalities___________________________________________________ Banks in United States____ __________________________________________________________ Banks in foreign countries____________________________________________________________ Total deposits__________________________________________________________________________ Due to own foreign branches_____________________________________________________________ Agreements to repurchase securities sold_____________________________________ ____________ Bills payable and rediscounts_____________________________________________________________ Acceptances of other banks and bills sold with endorsement______________________________ Acceptances executed for customers_______________________________________________________ Acceptances executed b y other banks for reporting banks____________________ ____________ Securities borrowed____________________________________ _________________________________ Interest, taxes, and other expenses accrued and unpaid___________________________________ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures________________________________ Other liabilities__________________________________________________________________________ Capital notes and debentures__________ ____________ ________ ____________________________ Capital stock___________________________ _______________ ______ _________________________ Surplus. Undivided profits—net_______________________________________________ Reserves for contingencies____________________________________________ Retirement fund for preferred stock and capital notes and debentures.. Total liabilities (including capital account)_____________ Net demand deposits (see page 10)___________________________________ Demand deposits—adjusted____ 1____________________ _____________ _ Number of banks_____ _________________________________________ _____ 946, 704 670, 377 38, 538 45, 213 174, 448 8, 274 9, 854 109, 830 83, 427 10, 291 13, 991 19 555 1, 087 4. VI , 056, 524 1,115 9, 713 1, 842 2,073 771,298 10, 025, 477 161,905 1,190,347 1, 049,195 593, 384 365, 406 210, 072 629,037 6, 524, 471 126,092 882, 646 715, 745 488, 766 281, 766 149, 681 382, 865 4,209 7, 975 19, 529 23, 925 10,570 2, 591 5,162 60,127 189, 871 9, 274 208,497 40, 447 68, 763 18, 258 8, 409 53, 258 2,108,036 18,036 49, 774 259, 724 7,189 57,073 44, 244 300 415, 788 1,129 741 107 345 3,086 20, 601 404,446 3,165 29, 556 6, 268 ” "18,’ 096 4,977 2,469 568,178 763, 766 145, 331 1, 414, 904 235,304 871, 765 256, 964 123, 504 623,306 426, 626 11,103 14, 584 156, 655 213 14,125 365,318 119,301 74, 638 64, 376 62, 233 99 664 29, 975 3,301 20,152 6,199 35 4, 741 2, 231 37,343 43, 057 573,014 483, 650 4,882 63,040 11,007 1 9,434 660, 771 524,195 23, 264 4, 896 1,731 4, 384 9,067 641 146, 518 27, 392 33, 467 9,900 3, 464 3,703 61, 864 501 526 832 110 • 15 810 1,420 235 622 5,061 20,806 24, 588 3, 734 50 568,627 49,144 5, 731 1,620 9,145 25,664 840 415,373 115, 271 1, 320, 227 123,008 743,453 238, 681 109, 331 30,949 9, 745 25, 993 18,916 65,130 4,081 7, 443 259,144 2,194 19, 832 64, 557 17,129 9, 967 3, 279 272 878 400 2,396 2, 782 5, 576 5 2,840 13, 432 93 50,032 10,097 945 6, 959 35, 871 28, 796 3,” 050 385 7,958 785 2, 229 7,312 16, 564 1,043 7,005 64 1,339, 476 10, 789,243 307,236 2,605,251 1,284, 499 1, 465,149 622,370 333, 576 117, 510 1,084 42 1,051 4,140 37, 745 58 42 57 115, 472 411 11, 529 9,475 1,808 296 540 134 20,193 3, 768 3, 378 1, 434 1,028 2, 389 3, 307 57, 203 81, 670 18, 964 11, 963 104, 728 70,474 26, 837 11,863 614 32 15,968 40,184 274 562 2,500 565, 886 15,700 800,911 16, 225 157,039 4,208 86, 630 11, 685 112 11 2,090 11, 896 11,662 203, 342 90,836 37, 622 18, 427 2, 412 2,358 2,512 1,646 5,340 ’ 67," 136 ’ 124,” 780 89, 643 126, 780 25,970 35,158 14,077 10, 547 102 1, 315 888, 624 156, 544 117, 685 1,232, 785 365 36 249 4,401 545 400 178 2,916 235 2, 378 14,138 3,800 34,220 21, 650 "’ 36," 578 13, 520 124, 540 7, < 13,996 2,092 4, 229 25, 831 3, 722 2, 350 404 450 927 1 13 10 150 1,891 151 400 6, 675 3, 445 889 757 15 716 938 4,951 93, 816 58, 623 23, 927 5,845 1,165 400 105 39 9,’ 500 4, 763 1, 601 448 25 1, 246, 763 1,564,971 12, 756,930 358,090 2,992,345 1, 503,459 1, 774, 745 689, 942 381, 639 1, 097,802 173,311 130,840 1, 425, 758 832, 814 671, 386 11 599, 349 8, 913,853 130,153 921, 950 661,148 6,127, 732 124,155 1,046, 683 346 43 5 728 i ng banks in above cities which have been authorized to carry country-bank reserves are included with country 1Pa y 2 IngM | s both http://fraser.stlouisfed.org/ central reserve city and reserve city banks. Federal Reserve Bank of St. Louis banks. 840,879 681,789 24 447,118 292, 470 154, 286 549,087 276, 203 140, 449 3 10 631 537,877 82,121 57, 935 421,153 88,108 62,044 12 4 5 419, 291 535,839 588 ALL MEMBER BANKS— CONDITION ON DECEMBER 31, 1937, OF BANKS IN CENTRAL RESERVE AND RESERVE CITIES1 AND OF BANKS OUTSIDE SUCH CITIES (COUNTRY BANKS)— Continued [Amounts in thousands of dollars. Federal Reserve bank and branch cities are shown in bold-face type] District No. 6 District No. 5 RICH MOND Balti more Char lotte Wash ington Coun try banks AT LANTA Bir m in g ham Jack son ville N ash ville New Orleans Savan nah Coun try banks ASSETS Other securities __________________________________ ___________________ _ _ Other real estate owned______ _____________ - ____________________________________________ Reserve with Federal Reserve banks_____________________________________________________ Cash in vault ________________________________ ______________________ Balances with private banks and American branches of foreign banks____________________ Demand balances with banks in Npw York C ity ................ ......... Demand balances with other domestic banks ................................ Acceptances of other banks and bills sold with endorsement______________________________ Securities b orrow ed __ _ . __________________________________________________________ Other assets _ ____ _______________________________________________________ 52,175 37, 890 2,412 14, 429 106, 906 2, 776 483 ?0 ,113 1,021 103 2,072 5, 519 100 1 11, 888 16 15 438 63, 273 118, 715 12, 313 21,160 215, 461 305 7,177 595 58,051 5, 592 15, 582 14, 286 5 32 19, 264 272 1,597 23, 854 13,179 4,874 9,844 51, 751 740 1, 329 135 11, 426 463 15 2, 885 8,051 30 6, 692 11 318 83,500 348,398 86,140 148,727 42,048 20,467 19, 383 103,035 209,490 642,208 20 160 14,019 24,053 4,147 10, 950 46, 443 85,170 7,178 23,155 117 17, 826 ’ " ’ 29,"407 15, 247 84, 927 45 3,436 42 12, 970 ” ’ 21,"042 37 313 52 20 600 2, 988 63, 557 21, 962 4, 947 11, 397 101, 863 33,883 11,814 5, 893 10, 692 62,282 22, 796 19, 316 6,976 10,071 59,159 4, 523 948 22, 721 1,152 107 3, 617 11,450 1,866 4, 466 11,162 857 16" 860 26 4,’ 751 2 3, 626 306 12, 789 1, 218 10 5,160 10, 084 1, 325 30 7, 595 1 425 804 216 625 942 113 232, 255 110,176 38, 834 96, 720 477, 985 726 19,118 6,617 69, 547 20, 995 75 31, 274 94,031 3, 913 315 14, 629 230 21 25 2, 093 927, 881 157, 692 97, 535 101,519 117, 690 268, 817 99,344 741, 594 61, 411 39,182 1,018 6,189 14, 598 69, 890 31,883 3,103 15,885 18, 243 195,202 91,215 7, 326 22, 340 71, 303 1,133 1,885 51, 921 65, 612 40, 270 1,300 3,370 19,167 424 19, 402 74, 386 34,093 1,706 9, 212 28, 715 11 649 17, 408 1,505 22, 405 440, 977 302, 594 8, 729 70, 874 51, 961 397 6, 422 210, 679 19, 250 80 30 2 20 10 10 80, 813 15, 773 8 468 34 5 85 1,035 91, 794 37, 258 1,524 768 81 4,056 8,184 50 247,123 20, 509 1,219 395 41 178 29 34 88,017 165, 742 25, 405 1,917 350 9,911 4, 433 2, 921 651, 656 364 58 151, 451 338,219 83, 846 328,181 103, 381 51, 289 1,572 11, 896 36, 687 31 1,906 32, 439 238,258 144, 941 10,898 15, 354 65, 204 132 1,729 67, 631 66,299 22, 013 345 4, 865 38, 727 199, 425 172,412 1,125 99 22, 315 294 3,180 89, 645 478, 809 336, 503 4,909 60,147 63, 228 1 14,021 332,667 110, 841 56, 675 4, 265 10, 472 34, 024 20 5, 385 26, 339 31, 304 124 779 157 40 20 15 135, 820 55, 214 2, 926 5,288 124 125 634 3, 320 305,889 5,094 2, 798 84,014 1,775 2, 824 358 409 23, 819 416 560 215 1,269 60 4, 401 6,944 55, 377 3,144 1,185 13, 957 73, 663 146 2, 337 1, 521 12, 378 1, 481 7, 521 11, 740 40 6, 229 7 2 68,075 72, 686 12, 508 21, 662 174, 931 809 4, 962 1, 055 39,086 2, 377 295 10, 681 12,008 53,850 4,151 606 6, 652 65,259 137 4,861 530 13,472 1, 524 40 2,008 4,128 244 21, 293 5 7,198 11 58 134 LIABILITIES Demand deposits—Total _ ______________________________________ Individuals, partnerships, and corporations___ ___ _______ _____ _____ _________ United States Government ___________ ________________ ________ States, counties, and municipalities_____ _ _______________________ ___________ Banks in United States _ __ _ __ _________________________________ Banks in foreign countries _ ............... .......... .......................... ............ Certified and officers’ checks, cash letters of credit and travelers’ checks, etc___________ Tim e deposits—T o t a l __ _ _ ___________________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass books__ ______________________________ __________ Certificates of deposit- . _ ______________________ ____ - _______ Open accounts _ ____________________________________ Christmas savings and similar accounts _ ________________________ _____ ___ Postal savings______________ ____________ _____________________ ____ ___________ -States, counties, and municipalities_________________________________________________ _ Banks in United States_______________________________________________________________ Total deposits__________________________________________________________________________ Agreements to repurchase securities sold__________________________________________________ Bills payable and rediscounts___ _ _______ ____________________________ ____ Acceptances of other banks and bills sold with endorsement________ __________ ________ Acceptances executed for customers__________________ _______________________ __ ________ Acceptances executed b y other banks for reporting banks._ _ ______ ______ _____ ____ Securities borrowed_______ _ ________________ ___________________________________________ Interest, taxes, and other expenses accrued and unpaid___________________________________ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures__ _________________________ Other liabilities___________________ ______ __________________ ________ _______________ Capital notes and debentures_______ __________________ __________________________________ Capital stock___ ____ __________________________ ________________________ ________ Surplus_______ _ _ __ ___ __________________________________________________ Undivided profits—net_______ __ __ ___________________________ ____ _______ ____ Reserves for contingencies ____ __ _____________ _ __________________________ Retirement fund for preferred stock and capital notes and debentures_____________________ 349 9, 721 276 29 740 291 315 79 517 291,365 23,106 3, 392 560 3, 621 8, 568 2,055 811,476 186 780 52 134 26 20 987 158 259 3 189 7, 850 4, 640 1, 597 771 50 710 236 1,825 13, 250 8, 987 4, 771 1,881 50 2, 465 1,985 1,340 1,010 15 226 363 500 16,490 12, 533 7,319 1,142 1 803 1,481 472 61, 271 31,951 12, 667 4, 658 917 T otal liabilities (including capital account) _ _______________________________ 151, 451 338, 219 83, 846 328,181 927,881 Net demand deposits (see page 10)________________________________________________________ Demand deposits—adjusted—________________________________________ _________ _________ N um ber of banks_______________________________________________________ _______ __________ 83, 902 53, 203 5 189,126 142, 760 11 48, 671 20, 535 4 153, 382 162, 721 13 343, 645 389, 629 372 15 1 625 1,188 76, 020 265 289, 070 15 20 1 Outlying banks in above cities which have been authorized to carry country-bank reserves are included with country banks. 137,180 776 34, 550 23, 370 5, 716 34 32 1,256 4,142 104, 440 226 136 33 178 214 62 805 21 720 5 25 508 700 615 181 122 90 29 40 311 428 267 8, 875 5, 515 2, 402 2,104 75 12, 216 1,063 641 2, 060 303 6, 000 2,185 1,006 382 8,800 2, 550 947 276 10, 350 5, 975 2, 679 294 376 155 415 467 6,050 2, 533 902 175 9 656 705 125 48, 903 25, 421 9, 238 2, 264 542 157, 692 97, 535 101, 519 117, 690 268, 817 99,344 741, 594 84, 914 61, 672 3 45, 315 41, 044 2 51, 547 36, 359 3 44, 400 42, 315 4 151, 220 94,147 4 52, 278 37, 947 4 301, 043 365, 261 304 2 146 134 974 3 137 ALL MEMBER BANKS— CONDITION ON DEC. 31, 1937, OF BANKS IN CENTRAL RESERVE AND RESERVE CITIES1 AND OF BANKS OUTSIDE SUCH CITIES (COUNTRY BANKS)— Continued [Amounts in thousands of dollars. Federal Reserve bank and branch cities are shown in bold face type] District N o. 8 (see also page 15) District No. 7 CH I CAGO 2 ASSETS Loans (including overdrafts)___ _____________________ ___________________ _____ ____ ______ United States Government direct obligations___________________________ ________________ Securities fully guaranteed b y United States Government Other securities_________________________________________________________________________ _ De troit Cedar Des Rapids Moines D u buque Grand Indian M il Rapids apolis waukee Peoria Sioux City Country ST. banks LOUIS Little Rock 6, 659 2,800 1,233 7,598 18,290 27,399 14,839 5, 363 8,105 55,706 464 4,708 1,055 1,016 7,243 1,167 3, 578 413 2,139 63 10, 712 1,204 52 24 1,150 152 301 3, 528 816 6,805 187 427 2,195 141 4,011 44 31 594 13 16,241 37,663 69,257 17,714 72,322 106,319 6,906 8,201 6,086 7, 655 27, 966 25,955 48,516 146,152 207,617 2 82 1, 573 4,333 5,069 685 693 1,201 7,806 29,918 37,458 1, 522 5,012 4,318 305 1, 244 12. 474 8, 591 1, 593 17; 144 22,461 700 752 51 101 25 3,037 10, 719 16,444 75 404 1,837 70 1,488 117 3,170,095 726,194 29,613 81, 721 9, 842 66,134 227,721 306,564 54,650 24,827 1,586,601 626,135 39,826 Demand deposits—Total_______________________________________________________________ 2,323,358 476,207 Individuals, partnerships, and corporations___ ________________ _________ ______ ______ 1, 488, 502 336,814 66,131 10, 552 United States Government_________________________________________ _________________ 207, 392 55, 297 States, counties, and municipalities____________________________ __________ _______ ___ 529,493 65, 777 Banks in United States_________________________________________________________ _____ 5, 435 Banks in foreign countries____________________________________________________________ 761 Certified and officers’ checks, cash letters of credit and travelers’ checks, e t c ................ 7,006 26,305 557,843 202,334 Tim e deposits—Total____r______________________________________________________________ Individuals, partnerships, and corporations: 490, 406 199, 811 Evidenced b y savings pass books_________________________________________________ 21, 547 1,025 Certificates of deposit_____________________________________________________________ 30, 575 738 Open accounts _ ________________________________________________________ 14 Christmas savings and similar accounts___________________________________________ 3, 258 Postal savings________________________________________________________________________ 5 186 States, counties, and municipalities___________________________________________________ 11,890 162 Total deposits____________________________ ___________________ _________________________ 2,881,101 678,541 Bills payable and rediscounts _ _ . _____________________ ___________ __________ _ _ 3 287 Acceptances of other banks and bills sold with endorsement______ _ _ _______ _______ 3,182 Acceptances executed for customers_______________________________________________________ 53 633 Acceptances executed b y other banks for reporting banks_________________________________ Securities borrowed_______________________________________________________________________ 8, 632 121 Interest, taxes, and other expenses accrued and unpaid___________________________________ Dividends declared but not yet payable and amounts set aside for undeclared dividends 612 and for accrued interest on capital notes and debentures________________________________ 1,133 2, 523 Other liabilities____ _ __________________________________________________________________ 472 644 Capital notes and debentures_____________________________________________________________ 135,170 27,075 Capital stock. _ _ _ _______________________________________ _____ __________ 70, 584 12, 485 ____ __________________________________________________ 30, 611 5,317 U ndivided profits—net__________________________________ _____________________ __________ 35, 492 1, 350 Reserves for contingencies...________________________________ ____________________________ 165 Retirement fund for preferred stock and capital notes and debentures_____ _______ 103 20, 774 8, 511 36 805 11,201 63,309 28,964 1,454 17,-682 14, 204 3, 764 2,877 58 434 345 30,287 23,088 500 1,807 4,169 18,503 9,369 98 2,430 6,273 1,005 10, 611 50 5,294 723 17,717 333 3,995 770,830 598,905 7,167 125, 724 26, 596 5 12,433 657,563 30,376 14,386 103 4,577 10, 674 221 6, 737 30,816 160,628 191, 462 19, 432 82, 766 120, 740 276 7,385 3,496 6,499 31, 223 19,177 4,089 35, 502 44,826 45 138 520 3,707 3,085 28,670 47,171 84,247 6,360 377 4,604 644 27,837 593 27,511 34,419 79,004 15, 872 3, 556 564,085 93,106 6,145 6, 624 428 5,454 2,918 1, 217 73,413 230 1 23 879 1,018 1,167 11 46 25 53 4 87 108 1, 257 30 155 5 6 4,272 22 10 44 20 34 520 12,328 5,877 1,325 5,000 25 Banks in United States_______________________________________________________________ 1,190 73,920 9,058 59,486 207,799 275,709 48,004 22,498 1,428,393 568,950 36,797 233 4 31 28 62 4 631 2 20 21 40 94 31 458 489 70 36 854 1, 558 10 500 1,300 102 200 5,000 1,121 908 303 170 300 300 100 84 T otal liabilities (including capital accou n t)_________________________________ 3,170, 095 726,194 29,613 81, 721 9, 842 66,134 227,721 306,564 Net demand deposits (see p. 1 0 )______ ______________________________ _______• __________ Dem and deposits—adjusted ______ ______________________________________________________ Number of banks__________________________________________________ ______________________ 1,951, 667 359, 881 1, 559, 326 357, 273 44 4 14, 750 7,342 1 51, 677 43, 640 3 2, 556 2, 767 1 24,942 120, 291 143,966 23,414 106,977 126, 558 4 3 5 693,830 982, 303 104, 599 286,003 2, 066, 735 ..... Customers’ liability nn account, of acceptances........... ........ .......................... ....... 3, 475 24, 222 Banking house, furniture, and fixtures 7, 982 Other real estate owned___________________ ____________________________ _________________ 630,116 Reserve with Federal Reserve banks_______________________________ ______________________ 33,185 Cash in v a u l t __ _ ________________________________ ____________________________________ Balances with private banks and American branches of foreign banks_____________________ 4, 679 Demand balances with banks in New York City__ 142, 681 Demand balances with other domast.ic banks , _ . .......................... 65, 916 Tim e balances with nf.hp.r domestic banks 960 Balances with banks in foreign countries .... . . 1, 739 Cash itftms in process of collection. _ ... __ _ . . ___ ... 162, 873 118 Acceptances of other banks and bills sold with endorsement.............. ................................ ......... 287 Securities borrowed_____________________________________________________________ ________ 25,127 T otal assets_____________________________________________________________________ 144,936 234,383 52,967 46, 766 479, 052 53 3, 583 1, 528 107. 697 14, 262 504 52, 256 22,493 5 500 501 41,844 134 3 1, 784 102 190 398 11,199 16,009 4,644 5,779 37,631 21 2,213 244 6,160 908 93 1,644 3,342 316 2,001 7 8,059 399,684 3,501 311,580 2,178 114, 732 1,765 287,271 15,503 1,113,267 4 478 36,683 6,596 3,064 167,360 497 39,819 5 203 32, 775 3, 806 155, 472 2,157 217 27,884 1,233 1 593 28 40 42 3,701 174,770 154,622 27,581 64,459 421,432 609 5,422 4,821 100,403 4,060 198 28,051 22,661 74 36, 520 392 4 13,230 3,542 3,963 4,165 24,900 778 99 5, 789 343 607 4, 579 80 2,511 23 LIABILITIES ! Outlying banks in above cities which have been authorized 2 Includes both central reserve city and reserve city banks. 9, 963 230 400 7 11 29 31 18 156 to carry country-bank reserves are included with country banks. 124 26 900 4,145 7, 625 1, 855 6, Surplus 550 483 3, 314 63 888 11 35 169 1,046 1,485 17,800 4, 375 3,834 1, 472 103 18 8 636 6,421 565 377 13 18 31,600 10, 674 10,150 2,330 1, 657 799 329 138 65 54,650 24,827 1,586,601 626,135 39,826 23, 300 23, 617 3 13, 261 10,899 4 554, 704 376,939 709,178 275, 359 697 11 22, 679 17,088 4 15 1, 250 3,260 821 2,120 _ 802 108 79 347 20 720 1,366 2,882 86,486 35,305 19,823 8,097 1,666 464,171 280,263 5,598 28,341 146,435 259 3, 275 104,779 ALL MEMBER BANKS— CONDITION ON DEC. 31, 1937, OF BANKS IN CENTRAL RESERVE AND RESERVE CITIES 1 AND OF BANKS OUTSIDE SUCH CITIES (COUNTRY BANKS)— Continued [Amounts in thousands of dollars. Federal Reserve bank and branch cities are shown in bold-face type] District No. 8—Cont’d Lou M e m Coun MIN NEAP try is phis banks OLIS ville District No. 10 (see also p. 16) District No. 9 Hel ena St. Paul Okla O m a Kansas Coun K A N SAS D en homa City, try ver ha Kans. banks C IT Y City Lin coln Pueblo ASSETS Loans (including overdrafts)_________________ __________ __________ _______________________ _____ _ 68,934 57,195 18,187 18, 224 ......... ...... .... United States Government. direct, obligations............................. . .. . .. 3, 300 7,870 Securities fully guaranteed b y United States Government ___ _ _ _ _ _ _ ________________________ Other securities____________________________________________ ________ _____________ _________ _____ _ 10, 284 12, 914 100,705 96,203 2,035 4,239 152 2, 991 20,183 17, 775 2,107 1, 561 . _ ________________________ 32 175 Demand balances with hanks in New York C ity , . . . . . . .. .... ......... 10, 630 6,087 Demand balances with other domestir* hanks ......... . „ _ _ 12, 903 13, 485 60 79 79 Balances with hanks in foreign nonnt.ries ........ Cash items in process of nolleetion , ______ 14, 302 7,606 Cash items not in process nf collection 19227 184 451 Other assets._________________________ ________________________ ____ ________ _____________________ Banking house, furniture, and fixtures Other real estate ow n ed.. __ Reserve with Federal Reserve banks . _ ................. Cash in vault. ___ ____ __ . __________________________ 198,368 95, 455 35, 656 112, 943 442, 422 36 14, 533 5,079 60, 495 14,436 84, 320 86,617 4,140 17,138 192,215 198 3,988 492 35,194 1,877 55 13, 508 16, 540 76, 306 18, 363 902 25 781 11,908 19, 688 222 86 1,058 1,572 2,441 64,705 4, 777 39, 580 837 3,314 1,860 8,789 9, 915 116,388 21 373 4, 663 16 9 3, 210 26,889 55 1,177 620 2, 385 119 5,471 7, 355 1, 359 81 9, 761 7 362 70 158,451 91,973 49,140 132,745 82,224 52, 359 31, 936 8,101 5, 834 116, 750 40, 688 16, 275 439,882 222, 986 123, 608 14, 755 2,044 60,032 12,974 181 15,723 75, 656 6,130 269 8, 914 133 2, 279 29, 657 11, 373 8, 365 19, 949 69, 344 94 1,310 1 18, 389 648 83 2, 562 15, 262 36, 649 4,940 9,233 26,870 3,811 14,786 3,144 962 527 16, 260 1, 438 1,115 82,923 11,151 25,661 3, 473 3, 327 1,473 132 881 200 17, 957 53, 325 28, 793 1,007 2, 291 3,162 534 611 2, 456 20, 780 9, 886 6,182 53, 513 13, 864 1,020 1,150 1 424 28 30,920 13, 209 ~9, 911 10,156 72 327 26 47 291 609 218 481 658 6, 680 482 796 8,616 653 86 2, 666 119 847 12 6,123 647 195 74 1,947 321 447 2, 686 1,710 5,974 2, 797 6, 424 2,250 135 98 818 3 "¥ , 64 166,588 147, 655 640,930 291, 049 18,122 172,184 638, 972 390,631 196,563 117, 848 124, 905 18, 629 43,173 22,722 LIABILITIES Demand deposits—T o t a l_______ _ _ _ _ _ _ _ _ _ _ _________ __________________ _______ Individuals, partnerships, and corporations _ __________ _____________________________ _________________ United States Governm ent_____ ____ __ __ States, counties, and municipalities__________ ___ _________________________________ ________ _ _ Banks in United States______________________ __________________________________ ____________ Banks in foreign countries Certified and officers’ checks, cash letters of credit and travelers’ checks, etc____________________ Tim e deposits—Total____________________________________________________________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass books_____ __________________________ ________________________ Certificates of deposit_________ _______________ _______________________________ ____ _____ _ Open accounts . _ ____________________ Christmas savings and similar accounts _ _ _ ____ _______ Postal savings _______ States, counties, and municipalities _ _ __ __________ Banks in United States_______ _ _____ ____ ______________________________________ Total deposits____ _ _ _ _ _ _ _ ___________________________________ ______ Agreements to repurchase securities sold Bills payable and rediscounts Acceptances executed for customers Acceptances executed b y other banks for reporting banks Interest, taxes, and other expenses accrued and unpaid__________________________________________ _ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital- notes and debentures Other liabilities _ _______ ___________________________ _________ Capital notes and debentures Capital stock_____________________________________ ____________ _____ __ _________________________ Surplus. __________ __________ _ _ ____ _______ ____________ _______ ____________ _____ _ Undivided profits—n e t... _ _ _ ______________ ______ _________ _________________ ___ Reserves for contingencies____ _ __ ___________ _ __ ____ _______ _____ ______ ___ Retirement fund for preferred stock and capital notes and debentures Total liabilities (including capital account)__ ________________ ____________ 101, 609 335, 396 209,373 13, 914 113,571 293,270 334,575 131, 076 51, 701 236, 427 120,094 7,149 60, 613 208, 695 136,829 89, 346 266 23 1,183 1, 638 3,936 670 5,166 229 13,065 47, 610 21, 504 2, 690 19, 924 50, 598 14,877 6, 292 35, 315 42, 472 63,045 3, 910 30,262 26, 932 171,126 32,193 140 107 47 97 518 142 1,482 5,310 7, 667 2, 932 858 3, 721 3, 983 1, 451 30,349 30, 997 231,919 51, 703 2, 688 37, 957 276,975 29, 070 46, 831 113,894 65, 268 2, 595 3,504 41,076 27, 083 27, 664 145,882 48, 464 2, 461 33, 630 203,411 24, 678 43,666 14, 618 12, 750 3, 661 4,267 4,915 170 1,236 600 325 155 16 199 1,813 63, 593 2, 932 1, 773 1,261 67,113 1, 427 54 50 735 40 6 688 801 1, 282 25 112 294 154 22 6 221 184 263 161 137 10 42 80 42 3, 624 94 5 22 6 8 15 5 4, 957 5 50 19 946 1 10 6 5, 222 1, 111 1, 750 10, 666 2,422 580 276 375 2, 705 1, 392 138 275 1,835 1,503 85 144,143 132, 606 567,315 261, 076 16, 602 151,528 570,245 363,645 177,907 105, 713 il4,i46 17,209 39,988 20,808 27 173 71 33 140 21 94 3 58 194 14 645 156 210 11 989 590 17 58 247 487 1, 256 370 111 5, 261 30 249 7, 567 6, 415 2,103 205 413 5, 500 4, 750 3, 543 730 520 30 569 1, 491 2, 759 39, 769 14, 377 17, 756 9, 399 8, 640 2,154 2,273 1, 063 735 5 11 1, 084 219 192 64 3,061 8,164 6. 250 1, 695 743 13 210 155 497 183 229 39,974 12,908 16, 539 7,183 7, 890 5,041 1, 843 1, 305 411 112 82 39 50 184 10 5 18 38 6,410 6,467 3, 322 1, 651 22 7; 350 1, 916 2,307 194 25 6,450 2, 626 496 755 4 946 254 146 1, 640 677 269 498 34 42 1 500 1,000 76 279 _______ _ 166,588 147, 655 640, 930 291, 049 18,122 172,184 638, 972 390, 631 196,563 117, 848 124, 905 18, 629 43,173 22,722 Net demand deposits (see p. 10)______ ____________________________________________________________ Demand deposits— adjusted______________________________________________________________________ Number of banks______________ _ _ _ _ ____________________________________________ _________ 76,059 74, 431 233, 782 154, 782 55, 921 58,018 275,850 125, 893 368 4 6 3 ■ Outlying banks in above cities which have been authorized to carry country-bank reserves are included with country banks. 86, 710 100,582 13, 057 35,337 15,287 41, 487 52, 688 3, 608 17,108 10,989 33 404 415 1,028 387 572 11,315 6, 595 4, 992 5,656 29, 248 39, 419 3, 950 11, 649 3, 629 1 851 64 4, 245 120 520 19, 003 13,564 4,152 4,651 5,521 9, 550 90, 984 193, 011 229, 362 94,117 58, 975 81, 788 8, 622 72, 258 255, 689 128,453 85, 361 47,136 49,978 2 3 460 9 7 5 6 9,106 25, 518 5,968 7,902 21,149 11, 527 1 2 3 ALL MEMBER BANKS— CONDITION ON DECEMBER 31, 1937, OF BANKS IN CENTRAL RESERVE AND RESERVE CITIES1 AND OF BANKS OUTSIDE SUCH CITIES (COUNTRY BANKS)— Continued [Amounts in thousands of dollars. Federal Reserve bank and branch cities are shown in bold-face type ] District No. 10—Continued St. Joseph ASSETS Loans (including overdrafts)_________ __ _________________________________ _______________ United States Government direct obligation s__________ _____________________ _ _______ Securities fully guaranteed b y United States Government_________ __________ ______ _____ Other securities_________________________________ _ _ _________ __ ____________________ _ Customers’ liability on account of acceptances__________________ ________________________ Banking hnnsp, fnmif-.nrp, and fixtures Other real estate owned ___________ ______ ________________ Rpsprvp with Ffidpral R pspxvp banks _ _ _________________ ___________________ __ __ ___________ Cash in vault___________ ______ __ __________ Demand balances with banks in New York C ity__________ _____________ ___________ _____ Demand balances with other domestic banks_______________ __________ __________ __ __ __________ ___________________ Tim e balances with other domestic banks _ Balannp-s with banks in forpign nnnntrifis _ _ . . Cash it.ftms in procp,ss of cnllp.ct.ion _ ........ . Cash items not in prncpss of collpction _ _ . Acceptances nf nthp.r hanks and bills sold with endorsement. .............. .......... . __ _________ _____ _______ _______ __ _ Securities borrowed___ ___ _ __ _______ _ .__________________________ Other assets 9, 272 3,832 2, 374 ?, 804 18, 282 T o peka Tulsa 4,902 7, 767 1, 968 3, 267 17, 904 W ich ita 41, 265 18, 447 5,133 9, 563 74, 408 10 692 340 4, 397 84 57 149 3 769 5, 407 15, 689 496 319 1,118 Balances with private 200 896 1 573 7, 867 5, 568 5, 935 22, 878 40 7 700 793 2,145 7 2, 433 11 38 50 216 District N o. 11 Coun try banks DAL LAS El Paso Hous ton SanAntonio Fort Worth 10, 347 53, 801 20, 235 32, 477 11, 606 202,183 103, 396 39,184 26, 892 11,818 8, 924 72,681 8, 758 95, 031 5, 990 825 3, 751 7, 826 9,020 31, 948 5, 004 1,302 8, 958 3, 659 84, 237 8, 695 15, 409 7,037 33, 043 413,399 157,265 21, 398 149, 717 59,168 57, 004 5 2,048 167 9 6,162 1,298 14, 005 6, 536 240 3, 472 ~~~2~685 45 538 752 161 1, 750 1,911 35, 758 35, 218 3, 872 8, 466 70, 524 13,026 13, 648 2,858 548 13, 204 1,345 278 1,284 1, 300 banks and American 690 27 branches of foreign 219 banks 200 143 339 1,852 18,468 9, 705 3, 472 1, 782 13, 966 5, 868 11,218 138,154 26, 815 4,147 27, 656 10, 309 15, 660 4, 795 12 29 20 19 1 2,164 5, 737 13, 576 2,100 15, 018 4, 699 7,161 227 65 86 81 4 31 94 30 667 30, 983 33, 419 130, 076 58, 780 676, 489 Demand deposits—T otal___ ______ _____________________________ ________________________ Individuals, partnerships, and corporations ___ ___ ____ _________________________ ______ United States G o v e r n m e n t..___ ___________________________ ______ _ __ States, counties, and municipalities_______ ___________________ ________ ___________ _ Banks in United States___________________ _ ___ __________ ______ __ _____________ Banks in foreign countries _____ _________________________________________ ___________ Certified and officers’ checks, cash letters of credit and travelers’ checks, e t c ._ _ ______ T im e deposits—Total _ _ ____ _ _________________________ Individuals, partnerships, and corporations: Evidenced b y savings pass books_____________ _____________________ ____ ________ Certificates of deposit____________________________________________ _____________ _ Open accounts______ _ _ ______ _____________________________ ________________ _ Christmas savings and similar accounts___________________________________________ Postal savings. _ . ___________ _______ ___________________ States, counties, and municipalities _ _ ______________________ ______________ Banks in United States___________________________________________ __________________ T otal deposits__________________________________________________________________________ Agreements to repurchase securities sold___________________________________ __ __________ Bills payable and rediscounts _ _ ___________________________ Acceptances of other banks and bills sold with endorsement_____ _________________________ Acceptances executed for c u s t o m e r s _____________ ______ _________________________ _ __ Acceptances executed b y other banks for reporting banks______________ ___________________ Securities borrowed_____________________ __________________________ ______________________ Interest, taxes, and other expenses accrued and unpaid._ __ _________ _______________ __ Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures___________________________ Other liabilities______ ________________________________________ ______ ___________________ Capital notes and debentures.. _ ___ __________________________________ ____________ __ Capital stock__________________________ _ ________ _____ _______________________________ Surplus_____________________________________ _______ _____________ __________________ __ _ Undivided profits—net________________________ ____ __ _____________ _ _ ________ Reserves for contingencies____________ _______________ ___ ___________________ _______ Retirement fund for preferred stock and capital notes and debentures____ _________ _ 20, 634 10,416 84 1,265 8, 600 28,210 13, 626 686 7, 491 6, 081 98, 653 54, 925 6, 391 10, 247 22,165 49, 944 442,457 26,002 320,334 705 2, 703 4,857 84, 506 17, 451 26,163 269 7, 728 326 2,578 4, 925 20,029 929 8, 751 3, 667 157,139 6, 947 517 2,026 500 5 5 12 10, 534 1,411 1,721 3, 544 20 Total liabilities (including capital account)_________ _______________________ 30,983 Net demand deposits (see p. 1 0 ) _______ ________________________ _____________ ___________ Dem and deposits—adjusted _ _ ______________ ___________ _____ Num ber of banks______________________________________ ________________________ ______ 12,700 11,157 5 Gal ves ton Waco 12, 907 4, 849 710 3, 841 22,307 276 1,168 167 5, 444 639 Coun try banks 90 21 411 135 4 5,961 204,110 3, 469 78,183 2,032 20, 374 1,614 85, 827 13, 076 388, 494 9 296 14,699 228 3, 739 2, 427 80,138 460 17,186 10 290 319 21, 653 3, 338 147,941 5 941 172 744 11, 342 5 353 9 117 21 1,805 255,276 34,059 257,166 98, 331 102,156 41, 209 20, 929 688, 888 197,868 89, 708 14, 931 11, 529 71, 635 43 10,022 27, 692 23,051 15,028 309 1,535 5, 538 138 503 8, 624 196, 732 123, 323 3,048 14, 570 52,160 42 3, 589 31, 971 70,380 45, 722 1,924 4, 599 15, 641 221 2, 273 18, 906 80,178 35, 030 189 5, 542 29, 514 32 9, 871 13, 694 24,120 13,193 597 1,036 9,046 13, 920 513, 715 9, 081 396, 397 222 3,126 1,645 59, 537 2, 497 40,878 296 475 13,481 4, 729 95, 746 25, 534 355 125 14 8, 323 161 30,061 675 25 9 41 1,100 60 228, 703 105 15, 593 367 12, 867 312 20 350 11,158 232 85 637 2,309 145 562 1,000 89,286 93,872 37,157 187 4, 533 4, 673 122 1, 865 11 LIABILITIES 1 Outlying banks in above 13 251 28, 362 16 4, 472 30 1,875 30, 788 118,682 10 78 15 53,611 91, 797 56,148 2, 250 717 2, 292 2, 462 1,473 599,596 50 1,135 1, 664 225,560 5 140 31,675 248 13, 037 62, 623 20, 974 2, 211 209 52 2,400 20 6, 724 605 18, 649 609, 461 128 46 9 9 4, 570 87 94 119 48 2,048 10 9 602 257 61 91 23 715 216 50 15, 325 7, 388 2, 550 1,019 232 115 31 13 52 12 93 6 16 5, 111 1,921 1, 300 224 77 4, 650 1, 532 1,278 448 250 1, 650 1,161 610 159 1, 275 573 189 65 5 67 209 117 543 14 3 214 75 385 823 10 11 16 21 22 151 3 72 11 13 1,300 967 254 60 5 1, 400 541 575 75 6,398 4,000 306 293 2, 400 1,465 1,016 132 6 533 297 50 42, 031 20,192 9, 929 1,758 528 15,150 6,611 4, 486 512 62 600 1,000 456 241 33, 419 130,076 58,780 676, 489 255, 276 34, 059 257,166 98,331 102,156 41,209 20, 929 688, 888 19, 234 19, 298 4 34, 780 284, 973 29, 624 407, 854 4 683 147, 772 97, 683 5 14, 952 14, 966 2 135, 590 126, 464 10 49, 504 47, 895 7 13, 049 12, 612 4 9,519 332, 800 10,457 458,073 3 513 65, 475 67, 664 4 cities which have been authorized to carry country-bank reserves are included with country banks. 87 53, 885 43, 282 3 722 937 343 43,176 22,415 8, 691 1,898 521 A L ^ E M B E R BANKS— CONDITION ON DECEMBER 31, 1937, OF m m i fflWTKS IN CENTRAL RESERVE AND RESERVE CITIES 1 AND OF B OUTSIDE SUCH CITIES (COUNTRY BANKS)— Continued [Amounts in thousands of dollars. Federal Reserve bank and branch cities are shown in bold-face type. District No. 12 SAN FRAN CISCO Los Ange les Port land Recapitulation Salt Se Spo Lake attle kane Oak land City Og den Coun try banks Federal Reserve bank cities Federal Reserve branch cities Other reserve cities Country banks Total ASSETS Loans (including overdrafts)__________________________________________ United States Government direct obligations_________________________ Securities fully guaranteed b y United States Governm ent____________ Other securities_______________________________________________________ Total loans and investm ents..^___________________________________ Customers’ liability on account of acceptances________________________ Banking house, furniture, and fixtures________________________________ Other real estate owned_______________________________________________ Reserve with Federal Reserve banks_________________________________ Cash in vault.________________________________________________________ Balances with private banks and American branches of foreign banks.. Demand balances with banks in New York C it y _____________________ Demand balances with other domestic banks_________________________ Tim e balances with other domestic banks____________________________ Balances with banks in foreign countries______________________________ Due from own foreign b ranch es______________________________________ Cash items in process of collection________________ ___________________ Cash items not in process of collection________________________________ Acceptances of other banks and bills sold with endorsement__________ Securities borrowed___________________________________________________ Other assets_____ __________________________________________________. . . Total assets.. , 035, 572 557,127 95,063 251, 267 382, 231, 65, 94, , 939, 029 773, 1, 21, 6,419 57,034 5,172 285, 298 21, 509 1,630 36,275 48, 813 305 11,843 241,993 154 3, 385 104,693 2, 321 30,148 173 2, 931 85, 246 120, 619 30 :, 532 538 11, 762 !, 959 360 61 7,050 1 735 , 335 451 9, 967 585, 520, 102, 198, 460 901 413 482 ,446, , 489, 677, , 510, 345 578 600 230 ;, 957,823 i, 574,143 , 797, 407 i, 422, 382 20, 480 462, 080 15, 808,167 1,000 19, 88,960 191 425 7,065, 218 5, 878, 785 763,115 2,101,049 l, 395 ,123,753 , 751, 755 995 60, 855 11,365 309, 893 38, 604 1,665 91, 498 196,186 5,177 817 2,169 385, 585 176,101 , 361, 486 306, 635 2, 738 489, 694 , 104, 355 48,137 3, 336 108,119 831 282, 662 4, 345 4, 645 895 41,075 154, 504 971,465 342, 694 , 005, 209 589, 457 24, 787 , 289, 310 !, 030, 475 69,818 69, 723 3, 578 !, 259, 351 8, 869 41, 226 895 172, 396 309 18,187 14 4, r ~ 3, 535 59, 788 435 14, 949 51 45 1,183 14, 415 573 2, 364 77, 663 357 8, 601 179 14, 747 9 553 ,407,256 146, 448 393,087 105,107 4, 487, 987 169, 650 15, 390 457, 814 407, 280 11,089 61, 824 3, 578 1, 529, < 1, 936 39, 648 873 72 11, 750 363 1, 279 104,938 338, 1, 1, 21, 738 211 2,504, 388 1, 050, 745 235,126 84,183 291, 622 36, 439 1, 423 29,564 674, 003 23, 743, 811 6, 470, 529 2,237, 995 14,333,177 46, 785,512 LIAB ILITIES Demand deposits—T ota l________________________________________________ __________ 1, 050, 433 Individuals, partnerships, and corporations_____ _________________________________ 726, 399 United States Government_______________________________________________________ 48,127 States, counties, and municipalities______________________________________________ 100,910 Banks in United States__________________________________________________________ 139, 927 Banks in foreign countries________________________________________________________ 9,503 Certified and officers’ checks, cash letters of credit and travelers’ checks, etc______ 25, 567 Tim e deposits—T otal________________________________________ ____ _________________ 1, 230,145 Individuals, partnerships, and corporations: Evidenced b y savings pass books_____________________________________________ 975, 520 Certificates of deposit________________________________________________________ 28, 653 Open accounts_______________________________________________________________ 38, 370 Christmas savings and similar accounts______________________________________ 2,058 Postal savings____________________________________________________________________ 19,856 States, counties, and municipalities______________________________________________ 148, 735 Banks in United States__________________________________________________________ 13, 901 Banks in foreign countries________________________________________________________ 3,052 Total deposits_________________________________ ____________________________________ 2,280, 578 Due to own foreign branches_________________________________________________________ Agreements to repurchase securities sold_____________________________________________ 573 Bills payable and rediscounts________________________________________________________ Acceptances of other banks and bills sold with endorsement__________________________ 425 Acceptances executed for customers__________________________________________________ 6, 498 Acceptances executed b y other banks for reporting banks____________________________ 752 Securities borrowed__________________________________________________________________ Interest, taxes, and other expenses accrued and unpaid_______________________________ 2, 995 Dividends declared but not yet payable and amounts set aside for undeclared dividends and for accrued interest on capital notes and debentures______ _____________________ 1,044 Other liabilities______________________________________________________________________ 6, 785 Capital notes and debentures______________ __________________________________________ Capital stock___________ _____________________________________________________________ 103, 950 Surplus. 61,895 Undivided profits—net_______________________________________________ 34, 542 Reserves for contingencies____________________________________________ 3, 704 Retirement fund for preferred stock and capital notes and debentures.. 647 Total liabilities (including capital a c c o u n t)______________ Net demand deposits (see p. 10)______________________________________ Demand deposits—adjusted_________________________________________ Number of banks____________________________________________________ 1 Outlying banks in above 2, 504, 3 876, 385 763, 916 7 468, 330 129,168 53, 938 186,401 21, 626 , 736 17, 071 339, 895 17,180, 682 » 904, 723 1,489,227 6. 742, 392 29, 317, 024 387, 538 94,901 31, 992 123,184 16,126 78 3, 730 101 8, 277 4, 604 12, 962 12,025 8,704 22, 541 1, 600 46, 623 14,345 12, 636 32, 815 3, 563 672 1,070 1,145 8 2, 621 11,785 528 3,061 228 483, 422 87,535 21, 409 77, 788 11, 874 491 9, 949 258, 930 11,142,118 2, 562, 379 592, 708 82, 593 66 1, 978 124 4,076 59, 639 700, 710 287, 983 113 2, 845: 12, 429 3, 791, 653 896, 658 443, 838 11 6, 830 509, 655 68, 280 135 6,908 900,069 5,142, 884 19, 747, 450 27. 361 78, 372 781,034 184, 229 959,062 2,131,984 336, 244 411, 887 5, 436,442 651 452, 772 1,453 40, 673 148, 734 767, 342 289 9,427 264, 809 3, 425, 864 1, 828, 402 524,251 5, 743,115 11, 521, 632 420, 687 76, 600 20,181 72, 893 11, 279 21, 797 3, 677 918 2, 042 571 600 7 1,444 8, 251 12 67 1 5 74 20 32, 270 6, 347 400 935 330 286 5 310 187 31 20 1 1,991 235, 211 327 16,119 2, 072 95 2, 482 59 8, 346 484 "50 2, 573, 320 125,145 419, 995 9, 982 24, 608 222, 466 39, 777 10, 571 516, 894 76, 842 85, 969 2,025 5, 963 89,081 51, 628 454, 294 4, 916, 618 28,938 509, 402 7, 450 62, 418 1,512 15, 242 3, 469 60, 613 12,027 158,147 16, 561 20, 675 461,126 740, 327 575,832 28, 761 94, 653 481, 721 128, 641 10, 571 951, 752 216, 703 75,347 264,189 33,500 1,025 26,498 604, 704 20, 606, 546 5, 733,125 2, 013, 478 12,485,507 40, 838,656 117, 510 573 99 194 451 1, 991 71 495 17 37 2, 720 413 160 434 2, 225 1,304 209 317 55 322 469 50, 000 23,116 6,164 10, 951 7,000 5,150 3, 239 1,546 220 400 4, 450 1,822 14, 900 1, 697 5, 692 850 3,800 178 1, 523 357 140 150 28 1,222 39,648 150, 332 14, 568 cities which have been authorized to carry country-bank reserves are included with country banks. 1,278 4, 919 611 1, 347 12,062 550 445 1,791 395 895 16,935 211 95 353 42, 701 12,981 3,6 207 245 326 1,300 65 425 341 7 401 44 392 1, 592 617 36, 270 17, 245 9.501 2, 305 717 24, 744 60,627 15, 344 1,054, 325 1,156, 612 295,048 163, 673 1, 560 7,044 13,418 8, 575 289,185 259, 646 70, 335 66, 793 2, 472 5, 978 3, 997 110, 544 60, 626 27,124 9,111 788 1,050, 745 235,126 84,183 291, 622 36, 439 1, 423 29,564 674, 003 367, 811 98, 584 34, 834 145, 890 16,162 363, 550 100, 327 34,174 134,039 16, 211 2 5 5 128 364 96 601 1 1,0 117,510 2,195 12, 426 41, 226 157, 592 16, 019 895 76, 306 10, 551 43, 423 28, 066 108,089 24,090 52,006 924, 546 2, 378, 600 533, 537 2, 010, 421 209, 923 602,430 71, 778 311,355 11, 543 16, 363 !, 743, 811 6, 470,529 2,237, 995 14, 333,177 46, 785,512 1, 093, 424 4, 868,087 23, 740, 652 1, 016, 852 5,968,018 20, 387, 425 89 5, 951 6, 341 18 ALL MEMBER BANKS— CONDITION ASSETS [in thousands of dollars] State N um ber of banks Loans (includ ing over drafts) U. S. Govern ment direct obliga tions Securi ties fully guaran teed b y U. S. Govern ment Other securi ties Total loans and invest m ents Verm ont________ __________ Massachusetts.............. ......... R hode Island--------------------M iddle Atlantic: New Y ork -------------------------New Jersey-----------------------Pennsylvania--------------------East North Central: ---------------Indiana------- Illinois.-----------------------------Michigan--------- -------------Wisconsin__________ _______ West North Central: Minnesota________________ Iowa _________ Missouri---------- -----------------North D a k o t a ____________ South D akota.. __________ Nebraska ________________ Kansas____ __ ____________ South Atlantic: Delaware _ _______ M aryland_________________ District of Colum bia---------Virginia___________________ West Virginia ________ North Carolina-----------------South Carolina____________ Georgia-----------------------------Florida____________________ East South Central: K e n tu c k y ___ ___________ Tennessee............................... A la b a m a ................................ Mississippi . ________ West South Central: Arkansas_____ ___________ . Louisiana---------- ---------------Oklahoma_________ ________ Texas--------------------------------Mountain: Montana Idaho W yom ing _______ _ Colorado New Mexico _______ Arizona Utah _ ____ Nevada _ _____ Pacific: W ashington______ ________ Oregon____________________ California_______ __________ 44 53 42 156 14 59 52, 964 30, 606 23,956 686, 251 95, 390 135,121 32, 223 12, 368 10, 386 394,047 73, 248 69, 751 567 4, 363, 609 3, 571, 561 461, 272 288, 473 283 775 1, 218,003 1, 029,483 14,475 2,159 2, 373 22,148 8, 656 12, 588 Banking house, furni ture and fixtures 154,504 971, 465 34,197 133, 859 16, 389 61, 522 49, 769 13,054 176,020 1,278, 466 ' “ " ’ 16,"399 24, 239 201,533 411 45, 999 263, 459 2,003 2.201 1,044 42,354 8,922 14, 457 6,341 13,957, 823 10,574,143 1, 797,407 5, 422, 382 31, 751, 755 New England: Custom ers’ lia bility on ac count of accept ances Other real estate owned Reserves with Federal Reserve banks Cash in vault 342,694 7,005,209 589, 457 14,041 7, 647 5,120 320, 414 22, 542 39,101 3, 447 2,055 1,080 37, 836 5,943 7, 795 67,121 2, 942, 400 140,517 44, 524 520, 513 76, 890 88, 554 25, 544 56,940 490 290 336 11,612 3, 331 2, 717 480,174 1,469, 874 9,885,218 272,914 1,093,537 70,878 835, 377 3,239,479 156, 616 111, 212 463 11, 695 281,161 49, 411 112, 856 260, 591 1, 432, 882 81,125 379, 815 404,195 2,549,021 159, 933 876, 688 94, 615 439,972 1,904 4 3,496 55 82 53, 283 12,981 39, 489 18,828 12, 807 24, 201 2, 347 11, 596 4,371 2, 522 257,168 62,139 708, 274 166, 420 64, 438 43,018 14, 987 48, 798 28,919 10,809 219 14,103 6,823 14,120 1,808 2,096 6, 252 6, 749 1,271 560 7, 787 314 325 451 942 85, 811 38, 853 178, 646 5,002 7, 958 37, 363 33, 867 7, 671 6, 827 11, 252 964 1,429 3, 256 3, 946 1,703 9,924 14,019 12, 483 6,974 5,904 1,366 11, 629 7, 533 1,278 1, 769 4,147 4, 275 5,109 1,910 406 2, 763 1,139 12, 335 68, 319 46,443 49,657 23,193 28,852 9,004 43, 684 32,116 1, 539 8, 340 7,178 8, 646 6, 624 5, 681 2, 459 5, 478 7, 459 326 140 388 201 131 638,098 438, 275 129,036 138, 269 857,493 1,132, 772 284,004 335,911 143,104 175,231 207 142 141 55 68 148 203 220, 756 107, 818 346,178 14, 406 22, 585 82, 740 72,168 185,272 53, 917 275, 640 11, 635 10,919 56, 220 43,092 19, 750 19, 620 54,457 4,186 2,901 10, 717 21, 202 80, 264 48,912 141,919 7, 772 11, 505 28, 512 26, 751 506,042 230,267 818,194 37,999 47, 910 178,189 163,213 20 74 13 156 98 52 24 77 57 46, 211 105, 777 83, 500 188,187 91, 513 89, 251 32,028 162, 983 62, 629 23,976 141,024 86,140 89, 510 35, 371 45, 927 14,823 33, 322 61, 934 6,493 18, 514 20,467 17, 970 10, 650 11,828 5,050 8,206 25, 747 23, 329 46,048 19, 383 44, 332 30, 304 26. 971 8, 532 26, 588 28, 799 100,009 311,363 209, 490 339,999 167, 838 173,977 60,433 231,099 179,109 111 78 82 28 134,052 170, 628 94, 476 21, 496 45, 548 50, 856 28, 390 7, 788 10, 791 15, 833 14, 679 1, 634 36,429 47, 573 38, 244 16, 669 226,820 284, 890 175, 789 47,587 481 330 5, 743 12,189 6, 714 1, 611 4,197 2,860 6,185 1,069 36,199 45, 549 26,923 6, 766 5, 989 7, 648 5,209 2, 236 57 36 221 504 41, 544 109,317 123, 318 407,107 13, 754 85, 283 49,162 235, 749 6, 953 17, 758 20, 316 41, 602 20,467 38,697 63, 760 121,761 82, 718 251,055 256,556 806,219 33 809 109 2,509 2,169 7, 489 9, 500 33, 693 869 2,042 386 7,134 16, 331 54,436 52, 965 176, 696 2, 557 5, 240 5, 566 22,991 67 30 35 88 26 7 32 5 23, 705 23, 734 16, 887 79, 643 14,118 23, 851 43,160 7, 643 33,078 19, 218 9, 734 74, 826 9, 577 14,022 24, 586 6, 855 6,095 8,155 1, 388 9, 868 2,128 4, 242 6,102 3,089 14,933 8,198 4,453 27, 776 3,599 7,196 13, 774 3,903 77,811 59,305 32,462 192,113 29,422 49,311 87,622 21,490 3,024 1,597 1,048 3, 730 1,015 1, 542 1, 767 704 197 42 63 466 71 332 257 19 15,917 10,032 5,882 40,007 6,190 6, 740 16,858 2,971 3,049 2,379 1,449 5,606 1,459 1,691 1, 595 884 157, 392 70 72, 996 33 117 1, 545,119 91, 472 75, 236 828, 289 12, 267 11, 779 169,177 8,311 6,204 88,132 1,270 588 27,853 52, 371 30,012 430, 527 8, 517 5, 059 35,859 95,918 31,385 154, 561 96, 840 27,022 308,133 47,002 191,012 31,001 388, 504 2,931,089 612 338 20 26 841 189 9 193 54 8,011 S T A T E S L O C A T E D IN T W O F E D E R A L R E S E R V E D IS T R IC T S —C O N D IT IO N Connecticut—District No. 2 . . . New Jersey—District N o. 2----Kentucky—District No. 4....... . Pennsylvania—District No. 4__ West Virginia—District N o. 4 Louisiana—District N o. 6 ......... Mississippi—District N o. 6-----Tennessee—District N o. 6-------Indiana—District No. 7----------Illinois—District N o. 7 ............ Michigan—District N o. 7-------W isconsin— District N o. 7-----Missouri—District N o. 10-------New Mexico—District N o. 10.. Oklahoma—District No. 10 ----Arizona—D istrict N o. 12.......... 11 198 59 225 12 25 18 65 101 266 165 95 42 7 210 5 18, 466 7, 733 249,004 377, 517 19, 840 42,916 391,380 549,145 8,144 19,056 84, 284 81,030 7,049 17, 417 31, 524 108,004 102,219 124,779 806, 711 1,099,455 322,728 269, 663 165, 599 128,980 110, 663 91,950 7, 274 7, 815 121, 562 48,842 20, 816 10, 647 5, 226 55, 898 4, 433 27, 293 2, 365 13,978 1,108 7,231 27,149 144, 628 92, 399 24,168 12, 695 1,921 20,067 3, 568 39, 602 8,177 903, 744 221, 325 84,336 17,147 250,076 1,217,894 37,284 7,719 31, 779 211,071 38,833 13, 259 179,241 32,482 323,209 69,062 363, 420 2,414,214 826,059 141,269 401,963 83, 216 263,550 48, 242 19,043 2,033 62, 284 252, 755 41,265 6, 234 417 296 809 481 4 3,496 55 82 109 2, 533 37, 849 2, 476 42, 507 1,316 6,664 1,345 7,408 10,399 35, 403 17, 277 11, 610 4, 264 646 9,321 1, 350 838 33,080 942 12,672 1,306 1,837 900 2,619 1,780 10,237 4, 212 2,227 1,105 30 369 188 6, 632 115, 702 10, 644 193, 554 4, 265 46,418 5, 494 26, 520 55,197 690, 748 160, 334 59, 887 60,656 3,076 52, 204 5, 798 1, 397 20,824 2, 381 19, 897 1,519 4,016 1.823 5,619 12, 508 45,199 27,174 9, 584 3, 430 825 5,368 1, 388 19 OF BANKS BY STATES, ON DEC. 31, 1937 ASSETS [in thousands o f dollars] Balances with Demand balances private with banks banks and American in New York branches C ity of foreign banks Demand balances with other domestic banks 24, 787 1,289,310 2,030,475 Cash Tim e Cash Balances items balances items in with not in with banks in process process other foreign of of domestic countries collection collection banks 69, 818 69, 723 2,259,351 37, 756 31 57 77,047 17, 889 178,118 52, 936 20, 620 774 270 319 338 511 25 287 3 32, 690 11,229 72, 515 809 1,064 13, 011 6, 368 129 223 516 16 48 341 92 5, 516 19, 924 12, 970 19, 862 7, 227 11,697 2, 210 19, 922 13, 245 10 289 37 94 43 82 106 104 33 16 1 51 20 58 12 25 16, 364 17, 091 7, 286 752 73 255 24 35 2 9 3, 789 24, 046 13, 502 53, 994 53 161 133 453 3, 522 2, 106 788 14, 428 449 2, 220 8, 048 399 14 134 9 96 12 5 9 17, 730 9,412 143, 499 48 15 687 148, 394 95, 215 127,047 73, 863 24, 869 168, 781 1, 283 1,631 11,831 1,493 71, 648 19,117 156, 715 65, 318 14, 888 114, 630 44,090 150, 316 58, 053 53, 733 6, 374 1,773 1,419 1,673 1, 333 1,376 126 1, 740 788 25 29, 384 4, 453 53, 450 510 719 5, 415 5, 574 61, 560 37, 497 108, 377 6,114 6, 853 28,189 57, 647 3,122 21 1,350 271 157 1, 003 24, 633 17, 653 17,826 9, 835 9, 431 9,138 5, 698 8,128 13,174 6, 609 22, 240 15, 247 32,191 18, 232 31, 454 12, 221 28, 087 30, 761 193 45 1,143 6,134 168 96 40 1, 970 14,136 24, 315 11,150 2, 558 30, 775 52, 702 24, 331 12, 332 532 3,148 160 15 3,884 18, 476 13, 449 59,015 19, 910 41,028 80, 680 212, 518 403 175 3, 407 871 5, 685 2,114 2, 449 16, 004 1,548 3, 215 5, 925 1, 957 18,138 10, 633 12,016 39, 411 10, 335 6, 840 13, 010 3, 906 2, 045 906 381 4, 485 150 545 817 2,125 10,115 7, 338 62, 071 37, 541 20, 231 113, 727 1, 553 890 3, 692 200 404 117 103 15 154 78 175 32 295 283 1,691 27 36 561 88 736 355 2,102 OF B AN K S 817 754 "295 4, 772 509 305 611 ’ “ 283 LOCATED 5, 521 87, 159 2, 399 34, 633 1, 809 12, 570 1, 752 17, 888 16, 904 153, 665 64, 235 13, 915 22, 684 1, 238 13, 358 2, 667 IN 517 17, 023 12,176 59, 982 3, 555 20, 775 9, 968 36, 463 36, 462 128, 336 52, 820 47, 872 65, 163 5, 938 79, 294 4, 855 349 FEDERAL 40 334 2, 643 4,163 150 5 2, 953 1, 673 1,344 1,036 1,316 1, 210 150 3, 387 515 70 23 51 4, 440 776 73 498 32 1 29 32 42 1 5 96 79 249 244 256 76 28 90 626 268 4, 296 RESERVE 4 120 213 101 1,740 768 25 424 D IS T R IC T 2, 097 31, 041 1, 758 39, 241 2, 034 22,064 660 9, 378 16,193 173, 494 52, 287 19, 632 32,188 355 13, 381 1, 906 1,115 58 540 3 150 40 Total Assets 175,974 46,785,512 56, 918 14, 794,584 6, 306 1, 519, 827 20, 767 4, 488,882 6, 740 2, 092, 688 1,026 556,589 26, 550 3, 880, 910 3, 010 1, 277, 949 2, 773 624, 818 2, 962 746,176 592 337, 379 2,404 1,270,534 233 54, 072 339 68, 898 427 272 895 267 279,243 34 4 117 300 1, 763 600 1,533 554 1,205 407 748 719 154,336 462,147 328,181 479, 864 251,360 270,995 94, 406 352, 088 287, 478 824 1,143 1, 493 150 134 103 Other assets (includ ing due from own foreign branches) 324 171,115 15 82, 614 203 63,110 8, 958 1, 896, 637 790 265, 093 716 392, 612 1,245 85 452 2, 600 872 4,143 809 895 50, 009 1,046,310 36, 702 120 135, 273 2,155 1, 493 71 30 20 35 287 800 209 41,226 27 36 45 243 14 131 7, 375 4, 335 2, 444 43, 333 6,136 15,174 4, 772 509 305 Securi ties bor rowed 3,616 3, 080 1,261 74,152 6, 399 16, 264 5, 834 1,390 1, 722 61, 535 7, 367 32, 695 29 8, 869 Accept ances of other banks and bills sold with endorse ment 341, 827 452, 384 265, 852 75, 111 291 133, 007 1,920 407, 550 559 437, 095 1, 788 1,380, 048 448 128 39 812 53 244 162 155 99 495 876 129,953 89, 412 56, 586 317, 747 50, 704 72, 775 136,158 34, 610 758 448, 001 842 272, 775 14, 016 3, 866, 437 State Total New England: Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut M iddle Atlantic: New York New Jersey Pennsylvania East North Central: Ohio Indiana Illinois Michigan W isconsin West North Central: Minnesota Iowa Missouri North Dakota South Dakota Nebraska Kansas South Atlantic: Delaware Maryland District of Columbia Virginia West Virginia North Carolina South Carolina Georgia Florida East South Central: Kentucky Tennessee Alabama Mississippi West South Central: Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho W yom ing Colorado New Mexico Arizona Utah Nevada Pacific: Washington Oregon California S P E C IF IE D 55 16 161 2 23 34 59 234 243 330 500 79 131 5 31 1 134 2 25 287 3 40 280 5, 432 260 7, 060 121 1,181 139 938 930 26, 247 2, 872 2,610 576 4 542 163 59, 447 1,253,334 117, 7 2 2 1, 631, 507 57,375 328,251 60, 953 289,569 475, 619 3, 689, 425 1,210, 011 571,528 455, 940 31,305 430, 502 60,100 Connecticut—District No. 2 New Jersey— District No. 2 Kentucky—District No. 4 Pennsylvania—District No. 4 West Virginia—District No. 4 Louisiana—District N o. 6 Mississippi—District No. 6 Tennessee—District No. 6 Indiana—District N o. 7 Illinois—District No. 7 Michigan—District No. 7 Wisconsin—District No. 7 Missouri—District N o. 10 N ew M exico—District No. 10 Oklahoma—District No. 10 Arizona— District No. 12 20 ALL MEMBER BANKS— CONDITION LIABILITIES [in thousands o f dollars] Demand deposits State T o ta l T o t a l------- ----------- Indi viduals, partner ships and corpora tions U. S. G ov ern ment States, coun ties, and munici palities Tim e deposits Banks Certi in fied and foreign United coun officers’ checks, States tries etc. Banks T o ta l Indi viduals, partner ships and corpora tions Bills Accept ances Pay able, of other States, redis banks Banks coun and counts in Post Banks ties bills and in al for and repur sold sav United eign ings m unic States coun chase with en ipali dorse tries ties ments ment 29,317,024 19, 747, 450 781,034 2,131,984 5, 436, 442 452,772 767,342 11,521,632 10,806,046 94,653 481, 721 128,641 10,571 New England: M aine___________ — New Hampshire-----V e rm o n t...-------------Massachusetts--------Rhode Island----------Connecticut------------M iddle Atlantic: New Y ork---------------New Jersey-------------Pennsylvania----------East North Central: Ohio-----------------------Indiana_____________ Illinois_____ _____ M ichigan___________ W isconsin---------------West North Central: Minnesota---------------Iowa________________ Missouri------------------North D akota........... South Dakota............ Nebraska----------------Kansas_____________ South Atlantic: Delaware............. — M aryland---------------District of Columbia. Virginia____________ West Virginia....... . . . North Carolina-------South Carolina-------Georgia_____________ Florida_____________ East South Central: Kentucky......... .......... Tennessee---------------Alabama-----------------Mississippi-------------West South Central: Arkansas___________ Louisiana.................... Oklahoma---------------Texas_______________ Mountain: M ontana___________ Idaho------ ---------------W yom ing......... .......... Colorado------ -----------New M exico.......... Arizona.................. . . . Utah............................ Nevada_______ ______ Pacific: Washington_________ Oregon--------------------California----------------- 58, 958 44,330 18, 642 , 267, 445 125,052 233,937 772 46, 251 412 32, 545 15, 646 . 263 926, 725 43, 087 400 107, 360 193, 920 2, 256 5,811 6, 278 1, 069 73,125 7, 526 14, 612 4, 3, 780 1,186 196,109 7, 421 16, 777 1 274 , 298 1, 214 1,315 478 20,125 2,047 6, 372 88, 892 23,328 34,593 344, 360 103, 694 104, 414 87, 331 22, 048 34,167 340,018 100, 706 98,316 915 736 272 1, 973 267 591 154 148 667 2, 701 5, 224 55 390 6 1,252 20 5 815, 612 7, 086, 786 397, 662 648,217 « 500,098 10, 646 228,187 1, 616,435 43, 705 339, 849 2,150, 357 417,136 423,822 1, 730,190 1, 628, 218 79, 452 15, 515 99, 292 24, 469 126 13, 586 662, 233 684, 576 21, 674 669 107, 345 423,158 3, 300 34, 244 1,516,301 1, 391,144 22, 530 61, 038 41, 525 078,366 816,097 10, 683 215,175 8, 661 335,535 712, 832 1, 782, 891 70,804 697, 480 493, 080 12, 664 312, 934 217, 329 5, 990 98,117 59,161 258, 052 104, 680 32, 710 132,855 45, 754 564, 418 75,406 51,154 443, 001 209, 642 935, 222 27,032 41, 606 199, 611 208,155 261, 518 1, 879 128, 079 2, 357 514, 754 11, 088 141 21, 737 27, 249 387 121, 556 1,856 123,846 2, r ~ 63, 050 38, 915 63, 319 2,154 10, 617 20, 798 45,141 107,995 37,137 333,197 2, 575 2,872 52, 938 33, 905 106,101 278,137 199, 425 242, 400 127,171 193, 491 67,482 225,928 208,424 791 97,115 178,171 11,189 172,412 1,125 154, 357 3, 442 97, 581 1, 320 98,080 1, 702 44,154 346 134, 386 6,484 132, 593 3, 569 1,000 20, 709 99 22, 486 14, 610 19,013 17,312 18, 850 32,662 1,506 65,844 22, 315 56,244 9,120 69, 653 4, 341 58, 753 36, 457 201,105 274,511 152,118 43, 045 141, 723 148, 204 101, 967 27,106 4,060 6, 355 3, 277 843 9,245 38, 509 21,860 43,852 77, 707 23,327 4, 819 53,125 447 154, 314 8,247 189, 573 7,318 669, 202 23, 699 12, 919 36, 925 43, 780 89, 902 17, 901 86, 459 58, 426 212, 674 56, 085 38, 302 20, 917 149, 753 22, 353 34, 202 48, 443 13, 597 310 254 212 447 277 134 157 94 12, 771 15, 871 8,135 13, 977 11,836 12, 909 16, 432 4, 795 9, 095 2, 374 4, 219 37, 279 2 ,1 1,602 15, 700 267,534 185, 895 4, 341 150,114 112, 286 4, 620 , 648,117 1, 222,477 57, 373 32, 741 14, 697 126,435 85, 819 290, 044 312, 657 , 035,131 79, 742 57,520 33, 949 205, 732 37,815 50, 098 81,560 20, 058 19, 731 6, 739 31, 232 10,883 5, 613 776, 891 167,263 807, 445 478, 440 245,997 742,164 157, 264 775, 688 471, 425 241, 786 4,053 23, 457 2, 336 71 1,654 29, 896 928 4, 762 1,979 223,339 96,133 223.266 20, 650 19,229 45,524 41, 708 214,469 95, 485 215, 228 20,063 18,450 45,134 40, 410 2, 305 546 1,852 135 190 326 724 2, 481 102 760 446 585 35 145 17, 368 129,825 88, 971 167, 728 85,953 45, 576 17, 656 74, 873 47, 651 420 718 409 1,1, 357 317 34 2, 490 616 476 2,054 20 148 18,444 135,948 89,645 176,197 87,919 49,225 18,123 77,918 50, 857 5, 551 65 1, 814 365 446 1,315 2, 225 3,736 1, 427 93,021 128,963 74,041 23,806 111, 879 71,039 22,688 941 5, 463 1,584 1,104 2, ( 4, 894 932 4 404 6, 727 486 10 1,427 2, 966 13, 560 32, 787 82,374 79, 074 191, 735 31, 393 69, 521 67, 247 174, 547 193 4, 567 8,231 564 7, 028 3, 576 12, 823 36,148 23, 938 15, 597 77, 737 9,004 16,601 39, 044 11, 589 3, 440 861 2,501 37, 756 31 57 25 287 133 55 4, 235 37,126 24,270 16, 401 81, 624 9,101 16, 867 39, 638 12,004 1,115 58 301 32 24 4 100 64 180 3, 351 265 1,332 544 1, 518 68 109 1, 275 260 35 605 66 1, 254 75 100 41,226 4,084 5,i 2,092 3,180 5,839 4, 540 5,043 1, 329 7, 435 2, 995 7, 005 7, 217 7, 592 207 1,325 1,542 7,: 3,154 12,465 425 481 2, 462 2,375 450 14,621 45 5, 435 767 138 721 399 ... . 132 294 32 1,133 674 47 39, 225 1,078 672 15,042 190, 662 10, 658 1,481 719 466 4, 229 680 1,152 828 766 140 304 125 381 56 85 122 329 449 221 25 171 126 5, 426 6 4 29 429 111 564 60 478 418 145 1,055 95 349 19 134 279 30 20 230 3,285 16 10 346 4, 254 134,056 512 941 136.266 757 2, 797 100, 755 92, 527 318 7, 590 320 40,512 1,861,270 1,635,157 20,877 187, 520 14, 664 103 47 427 75 3,052 198 14 593 495 876 S T A T E S L O C A T E D IN T W O F E D E R A L R E S E R V E D IS T R IC T S — C O N D IT IO N Connecticut—District No. 2 . 30, 362 23,033 677 New Jersey—District No. 2 . . 531,755 423, 390 8, 264 Kentucky—District No. 4 ___ 56,256 48, 891 1,083 Pennsylvania—District No. 4 808,171 585, 747 12, 383 West Virginia—District No. 4 21, 934 17, 597 275 Louisiana—District No. 6 ___ 232, 850 116, 711 7,702 Mississippi—District No. 6 _. 33, 933 20,191 781 Tennessee—District No. 6 ___ 165,066 90,064 5, 634 Indiana—District No. 7 _____ 295, 095 185, 904 8, 462 Illinois—District No. 7 ......... . 2, 613, 434 1, 725, 538 68, 036 Michigan—District No. 7 ___ 678,151 478, 449 12, 384 Wisconsin—District No. 7 ___ 293,516 201, 998 5, 914 Missouri—District No. 10___ 378, 839 164, 345 4,130 New Mexico—District No. 10 22,559 10, 869 246 Oklahoma—District N o. 10 307, 677 186,072 7, 259 Arizona—District No. 12____ 42, 695 28, 510 122 3, 081 64, 712 3,867 33, 715 1,868 32,195 7,980 24, 795 53, 887 244, 402 100, 849 30, 417 19,060 8, 826 42, 728 11,610 2, 475 23,014 1,913 159, 206 1,356 73,062 4, 655 41. 757 40, 778 539, 612 75,137 49,811 182, 961 2,144 58, 228 1,487 126 '214 1,133 45 5,435 766 138 140 1,096 12, 249 502 16, 906 838 2,047 326 2,816 6,019 30, 411 10, 566 5, 238 8, 203 474 13,390 965 21,283 572,528 45,288 539, 724 24, 954 67.268 20,170 92, 450 135,578 735,013 437,213 218,245 43, 687 6,650 78,339 12,495 20, 772 93 418 556, 258 16,130 140 43,096 ’ " " ‘ 659 1,386 147 477,116 6, 678 31, 303 24, 627 24, 492 2 225 235 54, 425 4, 557 8, 231 55 4 10 19,171 985 77,825 5,239 3,129 6, 257 38 6, 328 127, 769 1,443 714,044 469 20, 338 162 431, 414 482 4,038 1, 279 214, 714 1, 514 506 1, 511 42, 602 624 86 375 5 5 6,589 51 66, 537 553 7,019 4, 230 61 10 12,377 47 700 300 75 25 24 4 100 87 31 134 2 25 287 3 21 OF BANKS B Y STATES, ON DEC. 31, 1937— Continued LIABILITIES [in thousands o f dollars] A ccept Ex ances executed penses b y or for accrued account of and reporting unpaid banks 173,611 76,306 Other liabili ties (in cluding D iv i dends de due to own clared not yet foreign payable, branches and etc. securi ties bor rowed) 43,423 226,494 Capital notes and de ben tures Capital stock Surplus 52,006 2,378,600 2,010,421 Total liabil Retire ment ities, U ndi Reserves for con fund for includ vided profits— tingencies preferred ing net stock, capital etc. account 602, 430 311,355 Net demand Demand deposits deposits— (See adjusted page 10) 16,363 46, 785,512 23,740,652 20,387,425 42,139 35, 525 13,215 1,088, 557 105,150 169,804 49, 660 37,058 15, 932 945,823 110, 534 198, 640 12, 310 6,287 5, 358 103, 853 12, 555 26,135 6,255 4,851 2, 545 107,069 15, 683 17,602 3, 456 2,543 1,280 31,001 1,808 6,411 631 362 387 17,855 3, 239 1, 559 14, 724 696, 648 104, 898 233, 870 871,350 43, 859 341, 536 185, 766 16,335 76, 693 111, 146 7,410 49,892 1, 723 14,794,584 9, 547,148 6, 804,147 491,480 576, 274 1, 333 1,519, 827 1, 223 4, 488,882 1, 798, 235 1, 622, 751 3, 557 439 2,900 911 1, 517 23, 289 1,668 1, 956 118,085 26, 371 172, 370 60, 554 36,166 53, 555 14,362 88,685 23, 362 12, 252 20,314 7, 272 40,154 10, 345 8,809 9,871 2,161 38,975 4, 366 2, 740 815,041 856, 898 1, 593 2,092, 688 254,439 263,186 556,589 401 2, 227, 670 1, 894,057 655 3,880,910 521, 455 555, 707 875 1,277,949 223, 693 235,032 624,818 381 197 76 889 6 15 114 172 4, 729 215 830 46 163 247 135 22 39, 223 17, 269 59,011 4,095 5,115 15, 476 16, 374 23,280 8,422 23,913 1, 563 1,339 6, 663 7,188 6,960 3, 422 18, 283 459 799 2, 527 4, 761 2, 478 1,491 4,593 102 170 1,689 420 746,176 176 337,379 350 274 1,270,534 54,072 13 68,898 100 272,895 191 279,243 146 319,367 156,463 700,880 19, 599 32,970 152,996 138, 566 299, 716 158, 919 518,023 23, 507 37,283 131,805 164,994 203 425 517 689 294 320 65 351 91 275 796 226 671 118 67 39 977 233 132 265 363 683 186 1,012 51 1,147 168 8,697 21,326 16, 490 31, 323 18, 392 13, 297 5,038 23, 298 16,172 16,073 13, 722 12, 533 17,841 10, 763 7,059 2,107 12, 583 8,089 3, 729 6,682 7,319 6,846 3,952 3,171 1,182 5,009 2, 511 656 2,442 1,142 2, 521 1,504 2,012 169 2,849 778 1 151 1 173 260 304 150 134 40 154,336 462,147 328,181 479,864 251,360 270,995 94, 406 352,088 287, 478 69,343 218,320 153,382 180, 724 92, 281 141, 202 47, 353 169, 791 151, 244 98, 288 181,048 162, 721 162, 820 109,504 110, 439 60, 585 140, 749 155,005 481 330 484 529 331 57 266 211 344 65 5, 382 714 372 5 20,308 26, 675 23,114 5,306 14,135 12,005 8, 553 2,071 4, 714 6,901 3, 395 594 1,464 1,249 2, 836 27 599 143 390 135 341,827 452,384 265,852 75, 111 139,830 180,403 109, 351 27,403 136, 829 173, 358 117, 968 36, 631 33 977 109 2,509 86 383 605 2,327 158 601 280 1,444 79 890 275 855 7, 595 17,917 25,083 81, 342 3,684 9, 431 12,452 39,392 2, 374 3, 522 5, 424 19,107 207 738 1,037 4,327 185 133,007 407,550 539 437,095 99 1,104 1,380,048 58, 236 206,494 205,026 709, 625 63, 682 170,159 233,411 744,090 122 114 5 768 7 61 261 7 11 63 76 154 18 76 72 53 22 58 113 10 259 432 459 7,084 4,116 2,939 12, 723 2, 215 2, 828 7,139 860 3,185 1,372 1,846 9, 701 1,172 1, 617 3,233 280 2,161 1,137 1,015 4, 228 180 430 1,828 874 429 656 215 2,133 156 400 816 36 129,953 89,412 56,586 317, 747 50,704 72, 775 136,158 34,610 52,421 42, 667 19,069 135,889 25, 483 37, 823 54, 649 13, 796 66, 815 52, 786 28, 730 153, 531 34, 420 46,043 57, 655 18, 759 519 423 5,855 375 218 3,458 668 359 8, 762 24, 527 8,801 171, 972 9, 759 6, 222 94, 207 5, 510 3, 681 45, 556 1,877 1,559 15, 583 448,001 129 41 272, 775 876 3,866,437 5,3 8 27,945 328 586 16 490 1, 975 38, 273 4,068 2,568 1, 437 89 1,017 400 96 716 122 424 6 510 112 119 325 466 819 313 35 22 93 139 166 109 60 3,304 1, 735 1,142 191 113 54 2,934 237 491 117 42 71 4, 552 497 660 125, 322 463 13, 651 22,122 1, 559 10, 354 17,136 1, 243 4, 216 161, 649 9,042 10, 401 1,916 4 3,836 55 82 3,862 691 9, 300 711 845 1,088 365 1, 491 843 260 219 2,463 245 1,173 106 97 239 124 11, 578 430 634 338 20 26 841 189 8 194 54 9,312 2, 735 2, 340 154 50 1,915 500 382 592 393 24 877 346 39 104 171,115 44 82,614 54 63,110 317 1, 896, 637 265,093 30 392, 612 161 16 142 35 144 30 139 227 32 202,153 205,160 113,133 120,368 1, 329,169 1, 245,925 State Total New England: Maine N ew Hampshire Vermont Massachusetts Rhode Island Connecticut M iddle Atlantic: New York New Jersey Pennsylvania East North Central: Ohio Indiana Illinois Michigan Wisconsin West North Central: Minnesota Iowa Missouri North Dakota South Dakota Nebraska Kansas South Atlantic: Delaware Maryland District of Columbia Virginia West Virginia North Carolina South Carolina Georgia Florida East South Central: Kentucky Tennessee Alabama Mississippi West South Central: Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho W yom ing Colorado New Mexico Arizona Utah Nevada Pacific: Washington Oregon California OF B A N K S L O C A T E D IN F E D E R A L R E S E R V E D IS T R IC T S P E C IF IE D 296 ’ ” 977 ” "481 4 3, 836 55 82 156 1,427 44 5,352 121 259 47 278 664 9,140 659 781 179 7 605 25 33 921 17 482 54 160 290 1, 374 834 249 240 15 252 76 184 8, 571 89 3,149 12 335 5 462 271 2, 838 894 1,465 210 7 275 197 1, 668 1, 537 "2“706 4, 567 83, 713 7,978 71, 836 4, 540 14,197 4, 355 20,058 21,186 161, 518 56,321 32,317 16,448 1, 260 24, 513 2, 478 1,861 34, 761 5,010 150, 284 3,929 7 ,r ~ 1,734 6, < 12,167 83, 653 21, 566 11,008 9,003 645 12, 242 1,187 12, 405 1, 738 23, 224 1, 458 3, 264 527 3,109 6, 346 38,032 9, 424 8,178 5, 775 51 5,380 408 59,447 253,334 117,722 631,507 57,375 328,251 60,953 289,569 475,619 689,425 210,011 571,528 455,940 31,305 430,502 60,100 25,113 Connecticut—District No. 2 22, 227 469, 310 New Jersey—District No. 2 396, 581 51, 502 Kentucky—District No. 4 39, 923 674, 480 597,127 Pennsylvania—District No. 4 14, 536 18, 269 West Virginia—District No. 4 128, 889 Louisiana—District No. 6 177, 441 27,837 Mississippi—District No. 6 21, 553 101,337 108, 297 Tennessee—District No. 6 229, 617 Indiana—District No. 7 225, 536 2,157,818 1,826, 857 Illinois—District N o. 7 537, 577 Michigan—District No. 7 509,081 212,097 218,021 Wisconsin—District No. 7 159,420 Missouri—District No. 10 258,804 19,814 N ew Mexico—District N o. 10 15,028 201, 644 228,809 Oklahoma—District No. 10 39,179 Arizona—District No. 12 33, 267 RESERVE DISTRICTS BOUNDARIES OF FEDERAL RESERVE DISTRICTS BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES FEDERAL RESERVE BANK CITIES FEDERAL RESERVE BRANCH CITIES FEDERAL RESERVE BANK AGENCY LOUISVILLE. LITTLE ROCK, AND MEMPHIS BRANCHES SERVE CERTAIN DESIGNATED CITIES RATHER THAN ZONES DETERMINED BY STATE OR COUNTY LINES SPOKANE BRANCH SERVES CITY OF SPOKANE ONLY