The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MEMBER BANK CALL REPORT NUMBER 110 CONDITION OF MEMBER BANKS DECEMBER 31,1948 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON CONTENTS Assets and Liabilities: PAGE Of All Member Banks December 31, 1948, June 30, 1948, and December 31, 1947 1 Of All Member Banks on Selected Call Dates, 1943-1948 2 By Class of Bank By Federal Reserve Districts 3 4-5 Classification of Loans and United States Government Direct Obligations: Of All Member Banks on Selected Call Dates, 1943-1948 6 By Class of Bank 6 By Federal Reserve Districts Of Reserve City and Country Member Banks, by Federal Reserve Districts 7 8-9 Assets and Liabilities of Member Banks in Each Central Reserve and Reserve City and of Country Banks in Each Federal Reserve District 10-13 Assets and Liabilities of Member Banks, by States 14-17 Reserve Position by Class of Bank and Federal Reserve Districts 18 Assets and Liabilities of State Member Banks, by Federal Reserve Districts 19 These statistics are tabulated from condition reports submitted by member banks following each official call, a minimum of three of which are required by law each year. The Comptroller of the Currency tabulates the national bank reports and publishes the results in the Abstract of Reports of Condition of National Banks. The Board of Governors of the Federal Reserve System tabulates the reports of State member banks and publishes the combined statistics of national and State member banks in the Member Bank Call Report. Member banks are classified according to their reserve requirements as central reserve city banks, reserve city banks, or nonreserve city ("country") banks. A member bank that has an office in a central reserve city is classified as a central reserve city bank; a member bank that has an office in a reserve city, but not in a central reserve city, is classified as a reserve city bank; a member bank that does not have an office in a reserve or central reserve city is classified as a country bank. However, some banks in outlying sections of central reserve cities have permission to maintain the reserves required of reserve city banks or country banks; and some banks in outlying sections of reserve cities have permission to maintain the reserves required of country banks. Condition reports of member banks are tabulated in accordance with the reserve classifications of the banks. Since a member bank that has two or more offices, whether in the same city or in different cities, submits a consolidated condition report, the report is tabulated according to a single location (that of the bank s head office, unless it has a branch in a city where banks are subject to higher reserve requirements). The comparability of figures for succeeding call dates is affected somewhat by changes in Federal Reserve membership, mergers, etc., and by changes in the reserve classification of cities or individual banks. MEMBER BANK CALL REPORT ASSETS A N D LIABILITIES O F M E M B E R BANKS O N D E C E M B E R 31, 1948 C O M P A R E D W I T H J U N E 30, 1948 A N D D E C E M B E R 31, 1947 [Amounts in thousands of dollars] Change since- Condition o n Dee. 31, 1948 J u n e 30, 1948 Dec. 31, 1947 J u n e 30, 1948 95,616,170 36,060,317 52,148,672 4,930 4,479,920 2,641,521 280,810 95,449,273 33,871,224 54,130,980 8,416 4,435,849 2,723,653 279,151 97,845,741 32,627,985 57,904,405 9,700 4,199,095 2,826,707 277,849 +166,897 +2,189,093 -1,982,308 -3,486 +44,071 -82,132 + 1,659 Reserves, c a s h , a n d b a n k b a l a n c e s Reserve with Federal Reserve Banks Cash in vault D e m a n d balances with b a n k s in United S t a t e s (except private b a n k s and American branches of foreign banks) Other balances with b a n k s in United States Balances with b a n k s in foreign countries Cash items in process of collection 34,201,796 20,405,686 1,485,771 30,303,148 17,356,081 1,605,925 32,845,266 17,796,687 1,672,074 +3,898,648 +3,049,605 -120,154 5,643,423 30,697 28,659 6,607,560 5,386,644 32,392 23,047 5,899,059 6,236,307 33,818 25,454 7,080,926 +256,779 -1,695 +5,612 +708,501 D u e from own foreign branches Bank premises owned and f u r n i t u r e and fixtures Other real estate owned I n v e s t m e n t s and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances Income accrued b u t not yet collected Other assets 54,521 872,265 13,446 6,931 846,506 12,679 4,789 820,199 12,239 +47,590 +25,759 +767 58,445 179,504 237,105 158,271 59,850 191,642 225,541 201,905 58,101 141,254 227,386 105,497 -1,405 -12,138 +11,564 -43,634 131,391,523 127,297,475 132,060,472 +4,094,048 Demand deposits Individuals, partnerships, and corporations United S t a t e s G o v e r n m e n t S t a t e s and political subdivisions Banks in United S t a t e s Banks in foreign countries Certified and officers' checks, cash letters of credit, and travelers' checks, etc 92,459,455 70,946,667 2,121,969 5,850,375 10,098,396 1,479,632 88,582,788 68,204,256 1,845,653 5,873,317 9,433,286 1,353,415 94,137,848 72,703,750 1,176,098 5,504,054 10,977,636 1,375,491 +3,876,667 +2,742,411 +276,316 -22,942 +665,110 + 126,217 1,962,416 1,872,861 2,400,819 +89,555 Time deposits Individuals, partnerships, and corporations. United S t a t e s G o v e r n m e n t Postal Savings S t a t e s and political subdivisions Banks in U n i t e d S t a t e s Banks in foreign countries 28,902,421 27,801,151 107,156 3,793 927,324 29,990 33,007 28,869,445 27,805,454 101,651 3,893 911,936 30,990 15,521 28,389,879 27,541,909 101,194 3,364 693,446 38,866 +32,976 -4,303 +5,505 11,100 + 15,388 -1,000 + 17,486 121,361,876 117,452,233 122,527,727 +3,909,643 262,262 269,015 221,778 -6,753 45,407 201,322 56,225 159,704 317,882 185,731 52,833 214,368 51,839 144,876 313,648 174,656 53,965 164,565 55,509 124,737 306.501 141.502 -7,426 -13,046 +4,386 +14,828 +4,234 + 11,075 122,590,409 118,673,468 123,596,284 +3,916,941 2,781,808 3,969,572 1,601,946 447,788 2,754,141 3,885,248 1,524,489 460,129 2,730,394 3,823,530 1,409,515 500,749 +27,667 +84,324 +77,457 -12,341 ASSETS Loans and investments Loans (including overdrafts) United States G o v e r n m e n t direct obligations Obligations g u a r a n t e e d b y United S t a t e s G o v e r n m e n t . . Obligations of S t a t e s and political subdivisions Other bonds, notes, and debentures Corporate stocks (including Federal Reserve Bank stock) Total assets. LIABILITIES Total deposits. D u e to own foreign branches Bills payable, rediscounts, a n d other liabilities for borrowed money Acceptances o u t s t a n d i n g Dividends declared b u t n o t yet payable Income collected b u t not yet earned Expenses accrued a n d u n p a i d Other liabilities Total liabilities CAPITAL ACCOUNTS Capital... . Surplus Undivided profits Other capital a c c o u n t s . -100 8,801,114 8,624,007 8,464,188 +177,107 Total liabilities and capital accounts. 131,391,523 127,297,475 132,060,472 +4,094,048 MEMORANDA N e t d e m a n d deposits subject to reserve (see page 18). D e m a n d deposits a d j u s t e d 1 Pledged assets (and securities loaned) N u m b e r of b a n k s 80,209,758 72,151,898 11,671,462 6,918 77,298,285 70,051,375 11,332,915 6,925 80,822,042 73,527,697 10,038,160 6,923 +2,911,473 +2,100,523 +338,547 Total capital accounts i D e m a n d deposits other t h a n interbank and United States Government, less cash items reported as in process of collection. 1 2. A L L M E M B E R BANKS—ASSETS A N D LIABILITIES O N S E L E C T E D C A L L DATES, D E C E M B E R 31, 1943 TO D E C E M B E R 31, 1948 [Amounts in thousands of dollars] ASSETS Loans a n d i n v e s t m e n t s Loans (including overdrafts) United States Government direct obligations Government Obligations of States and political subdivisions Other bonds, notes, and debentures. . . Corporate stocks (including Federal Reserve Bank stock) Reserves, cash, a n d b a n k b a l a n c e s Reserve with Federal Reserve Banks.. Cash in vault Demand balances with banks in United States (except private banks and American branches of foreign banks). Other balances with banks in United States Cash items in process of collection Due from own foreign branches Bank premises owned and furniture and fixtures Other real estate owned Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances Income accrued but not yet collected Other assets T o ta l a s s e t s LIABILITIES Demand deposits Individuals, partnerships, and corporaU. S. Government: War loan and Series E bond accounts. Other States and political subdivisions Banks in United States Banks in foreign countries Certified and officers' checks, cash letters of credit, and travelers' checks, etc. Time deposits Individuals, partnerships, and corporations United States Government Postal Savings States and political subdivisions Banks in United States Banks in foreign countries Total d e p o s i t s Due to own foreign branches Bills payable, rediscounts, and other liabilities for borrowed money Acceptances outstanding Dividends declared but not yet p a y a b l e . . . . Income collected but not yet earned Expenses accrued and unpaid Other liabilities T o t a l liabilities CAPITAL ACCOUNTS Capital Surplus Undivided profits Other capital accounts T o t a l capital a c c o u n t s T o t a l liabilities a n d c a p i t a l a c counts MEMORANDA Par or face value of capital Capital notes and debentures. First preferred stock Second preferred stock Common stock Retirable value of capital: First preferred stock Second preferred stock Net demand deposits subject to reserve (see page 18) Demand deposits adjusted (see footnote on page 1) Pledged assets (and securities loaned) Number of banks 1943 Dec. 31 1944 Dec. 30 1945 Dec. 31 1946 Dec. 31 1947 Dec. 31 1948 June 30 1948 Dec. 31 74,257,603 16,287,520 91,569,159 18,676,062 107,183,445 22,775,207 96,361,989 26,695,670 97,845,741 32,627,985 95,449,273 33,871,224 95,616,170 36,060,317 50,602,657 66,783,630 78,322,769 63,030,370 57,904,405 54,130,980 52,148,672 2,345,138 901,737 15,705 11,445 9,700 8,416 4,930 2,728,652 1,972,851 2,857,760 2,031,223 3,254,356 2,520,773 3,547,509 2,803,256 4,199,095 2,826,707 4,435,849 2,723,653 4,479,920 2,641,521 320,785 23,790,034 12,835,249 1,132,172 318,747 25,860,038 14,260,532 1,270,707 294,635 29,845,331 15,811,292 1,437,801 273,739 29,586,897 16,014,569 1,575,556 277,849 32,845,266 17,796,687 1,672,074 279,151 30,303,148 17,356,081 1,605,925 280,810 34,201,796 20,405,686 1,485,771 5,407,459 6,315,142 7,077,345 5,900,492 6,236,307 5,386,644 5,643,423 42,508 20,108 4,352,538 9,719 39,288 16,824 3,957,545 217 39,242 23,372 5,456,279 7,321 35,202 56,143 6,004,935 6,353 33,818 25,454 7,080,926 4,789 32,392 23,047 5,899,059 6,931 30,697 28,659 6,607,560 54,521 861,253 80,654 816,540 41,073 787,692 19,311 789,239 14,235 820,199 12,239 846,506 12,679 872,265 13,446 77,164 70,364 64,738 60,573 58,101 59,850 58,445 44,059 62,398 65,608 116,995 141,254 191,642 179,504 170,163 206,043 239,478 218,481 227,386 225,541 237,105 80,966 79,922 90,952 85,964 105,497 201,905 158,271 99,371,615 118,705,754 138,303,876 127,240,726 132,060,472 127,297,475 131,391,523 76,932,347 91,599,715 105,395,466 90,917,359 94,137,848 88,582,788 92,459,455 51,820,162 56,270,259 62,950,086 69,126,705 72,703,750 68,204,256 70,946,667 9,185,885 257,817 3,601,845 9,602,817 891,070 18,241,712 267,188 3,743,572 10,880,788 944,952 21,945,123 233,971 4,240,421 12,333,313 1,242,626 2,473,253 198,748 4,914,500 10,644,127 1,353,444 } 1,176,098 5,504,054 10,977,636 1,375,491 1,845,653 5,873,317 9,433,286 1,353,415 2,121,969 5,850,375 10,098,396 1,479,632 1,572,751 15,330,013 1,251,244 19,316,831 2,449,926 24,274,368 2,206,582 27,252,542 2,400,819 28,389,879 1,872,861 28,869,445 1,962,416 28,902,421 14,821,737 18,806,720 23,712,364 26,525,446 27,541,909 27,805,454 27,801,151 115,465 101,121 95,742 110,499 101,194 101,651 107,156 4,652 3,841 3,487 3,481 3,364 3,893 3,793 326,554 347,212 398,892 550,970 693,446 911,936 927,324 47,087 57,555 46,283 43,346 38,866 30,990 29,990 4,050 10,850 17,600 18,800 11,100 15,521 33,007 92,262,360 110,916,546 129,669,834 118,169,901 122,527,727 117,452,233 121,361,876 183,943 203,508 211,181 194,878 221,778 269,015 262,262 39,310 111,255 208,094 30,129 53,965 52,833 45,407 72,289 54,322 75,965 132,104 164,565 214,368 201,322 38,713 45,579 53,023 53,132 55,509 51,839 56,225 35,992 36,728 46,244 81,354 124,737 144,876 159,704 263,348 185,555 346,321 356,375 306.501 313,648 317,882 76,621 108,290 104,290 128,062 141.502 174,656 185,731 92,896,381 111,737,978 130,714,952 119,145,935 123,596,284 118,673,468 122,590,409 2,416,374 2,769,777 865,993 423,090 6,475,234 99,371,615 2,469,041 3,047,594 1,008,503 442,638 6,967,776 2,592,364 3,383,332 1,115,849 497,379 7,588,924 2,691,775 3,595,445 1,287,268 520,303 8,094,791 118,705,754 138,303,876 127,240,726 2,730,394 3,823,530 1,409,515 500,749 8,464,188 2,754,141 3,885,248 1,524,489 460,129 8,624,007 2,781,808 3,969,572 1,601,946 447,788 8,801,114 132,060,472 127,297,475 131,391,523 2,417,531 32,431 179,834 13,311 2,191,955 2,469,723 29,273 143,240 9,077 2,288,133 2,592,773 27,438 107,205 7,035 2,451,095 2,691,986 21,642 77,382 6,045 2,586,917 2,730,477 17,363 59,928 4,528 2,648,658 2,754,200 15,426 55,294 4,074 2,679,406 2,781,808 10,604 54,719 3,879 2,712,606 266,140 227,897 176,310 133,945 111,426 106,138 104,816 19,107 14,425 11,948 10,558 8,398 7,868 7,672 57,989,934 63,087,686 70,918,241 76,540,041 80,822,042 77,298,285 80,209,758 52,642,220 16,890,343 6,738 57,307,530 25,516,110 6,814 64,184,154 29,872,453 6,884 70,242,852 11,764,847 6,900 73,527,697 10,038,160 6,923 70,051,375 11,332,915 6,925 72,151,898 11,671,462 6,918 3 A L L M E M B E R BANKS—ASSETS A N D LIABILITIES O N D E C E M B E R 31, 1948, BY CLASS OF BANK [Amounts in thousands of dollars] Central re;serve city member banks 1 ASSETS Loans and i n v e s t m e n t s Loans (including overdrafts) United States Government direct obligations. . Obligations guaranteed by United States Gov- 18,759,251 8,047,564 9,649,017 4,799,237 35,331,756 36,725,926 1,783,280 14,284,807 11,944,666 2,632,727 18,593,396 21,273,532 95,616,170 36,060,317 52,148,672 4,930 4,479,920 2,641,521 Reserves, cash, a n d b a n k b a l a n c e s Reserve with Federal Reserve Banks Cash in vault Demand balances with banks in United States (except private banks and American branches of foreign banks) Other balances with banks in United States. . . Balances with banks in foreign countries Cash items in process of collection 7,757,543 5,642,777 116,951 LIABILITIES Demand deposits Individuals, partnerships, and corporations United State Government States and political subdivisions Banks in United States Banks in foreign countries Certified and officers' checks, cash letters of credit, and travelers' checks, etc Time deposits Individuals, partnerships, and c o r p o r a t i o n s . . . . United States Government States and political subdivisions Banks in United States Banks in foreign countries Tot al d e p o s i t s Due to own foreign branches Bills payable, rediscounts, and other liabilities for borrowed money Acceptances outstanding Dividends declared but not yet payable Income collected but not yet earned Expenses accrued and unpaid Other liabilities T o ta l liabilities 93,530 10,792 89,822 2,853 3,185,540 1,895,572 2,077 1,294,380 745,949 86,666 280,810 159,716 121,094 1,931,618 13,317,099 11,195,536 7,701,339 5,736,428 1,325,142 858,285 27,687 482,848 34,201,796 20,405,686 1,485,771 22,974,199 13,356,866 1,025,152 11,227,597 7,048,820 460,619 3,607,541 11,641 2,052 979,589 5,643,423 30,697 28,659 6,607,560 4,303,178 22,840 16,271 4,249,892 1,340,245 7,857 12,388 2,357,668 47,897 157,016 476 16,671 6,624 319,788 7,166 378,790 5,804 54,521 872,265 13,446 53,464 571,276 9,458 1,057 300,989 3,988 3,390 104,689 60,192 65,127 276 6,043 16,418 3,407 43,304 65,599 109,772 53,926 11,475 3,173 50,723 35,811 58,445 179,504 237,105 158,271 43,794 113,088 152,012 117,529 14,651 66,416 85,093 40,742 26,955,581 6,773,670 49,255,034 48,407,238 131,391,523 87,880,035 43,511,488 22,313,141 16,695,463 444,785 240,883 2,903,830 1,278,061 5,291,607 34,533,468 30,321,239 3,701,856 25,301,727 25,247,621 687,657 188,324 801,203 284,158 2,400,550 2,924,784 943,214 1,038,025 5,213,327 7,718 26,276 167,577 92,459,455 70,946,667 2,121,969 5,850,375 TO,098,396 1,479,632 61,813,670 30,645,785 46,931,088 24,015,579 1,380,644 741,325 4,474,838 1,375,537 7,044,847 3,053,549 749,004 730,628 750,119 1,710,933 1,645,559 14,253 19,704 910 30,507 24,024,074 510,245 1,962,416 1,233,249 729,167 1,001,014 11,409,415 14,781,059 989,114 10,797,529 14,368,949 46,758 900 45,245 2,671 1,122 349,759 11,000 546,861 12,922 16,158 2,500 28,902,421 27,801,151 107,156 3,793 927,324 29,990 33,007 19,593,167 18,714,101 89,913 2,705 738,016 24,763 23,669 9,309,254 9,087,050 17,243 1,088 189,308 5,227 9,338 52,968 649,084 6,292,621 45,942,883 45,102,298 121,361,876 242,021 20,241 25,200 118,277 21,637 17,115 71,168 129,759 7,787 73,300 16,685 78,226 153,147 35,117 24,649,251 2,306,330 T o t a l liabilities a n d c a p i t a l a c c o u n t s . . . 26,955,581 6,431 1,650 4,897 18,236 6,109 20,011 41,330 127,328 36,468 108,944 215,874 43,516 4,077 73,994 19,757 50,760 102,008 142,215 957,743 1,261,253 529,626 179,026 1,052,543 1,310,469 587,616 172,782 2,781,808 3,969,572 1,601,946 447,788 443,726 2,927,648 3,123,410 8,801,114 6,773,670 49,255,034 48,407,238 131,391,523 82,222,548 40,367,861 1,824,209 2,505,645 1,007,982 319,651 957,599 1,463,927 593,964 128,137 5,657,487 3,143,627 87,880,035 43,511,488 957,743 2,150 20,179 150 935,264 1,052,543 7,457 33,040 3,729 1,008,317 2,781,808 10,604 54,719 3,879 2,712,606 1,824,209 22,030 1,915 1,800,264 957,599 10,604 32,689 1,964 912,342 20,936 150 82,380 7,522 104,816 7,672 31,657 2,927 73,159 4,745 4,714,899 29,424,722 25,735,011 3,603,843 25,071,870 27,703,061 601,832 5,302,280 4,542,777 6,535 335 13 80,209,758 72,151,898 11,671,462 6,918 608,775 160,250 1,500 1,500 See contents page for basis of classification of member banks. 242,251 45,407 201,322 56,225 159,704 317,882 185,731 161,750 193,600 42,733 45,643 161,750 20,335,126 15,773,124 1,224,573 35 12,420 3,314 16,253 59,466 75,331 14,746 81,406,837 39,955,039 262,262 6,329,944 46,327,386 45,283,828 122,590,409 609,772 997 Retirable value of capital: First preferred stock. . . . Second preferred stock. 1 4,204 2,286,331 1,130,527 63,845,215 31,770,955 23,751,891 12,308,426 34,849,643 17,299,029 1,829,639 15,254 8,528 3,279,491 Total capital accounts 726 1,421,251 941,754 All State member banks 141,569 1,247 834 435,139 609,772 1,204,250 441,971 50,337 Net demand deposits subject to reserve (see page 18) Demand deposits adjusted (see footnote on page 1). Pledged assets (and securities loaned) Number of banks 209,704 162,734 All national member 64,674 2,555 17,245 1,913,341 CAPITAL ACCOUNTS Capital Surplus Undivided profits Other capital accounts MEMORANDA Par or face value of capital Capital notes and debentures First preferred stock Second preferred stock Common stock All member banks Chicago 562,634 406,506 T o ta l a s s e t s Country member New York Obligations of States and political subdivisions. Other bonds, notes, and debentures Corporate stocks (including Federal Reserve Bank stock) Bank premises owned and furniture and fixtures. . . Other real estate owned Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances Income accrued but not yet collected Other assets Reserve city member1 banks 53,260,610 26,949,148 48,389,283 23,762,615 2,827,567 8,843,895 1,927 4,991 A L L M E M B E R BANKS—ASSETS A N D LIABILITIES O N D E C E M B E R 31, 1948, B Y F E D E R A L R E S E R V E DISTRICTS [Amounts in thousands of dollars] Federal Reserve district Total, all districts ASSETS Loans and investments Loans (including o v e r d r a f t s ) United S t a t e s G o v e r n m e n t direct obligations. . Obligations g u a r a n t e e d by United S t a t e s Government Obligations of S t a t e s a n d political subdivisions. Other bonds, notes, a n d d e b e n t u r e s C o r p o r a t e stocks (including Federal Reserve Bank stock) 95,616,170 36,060,317 52,148,672 4,930 4,479,920 2,641,521 Boston New York 4,554,994 26,014,349 1,724,349 10,455,760 2,588,756 13,805,304 291 112,339 115,987 2,906 977,561 653,796 Philadelphia Cleveland Richmond 5,343,478 1,741,752 2,994,843 8,010,811 2,655,610 4,593,397 4,302,496 1,586,079 2,453,260 362 281,698 303,642 510 360,157 372,370 32 127,949 125,327 280,810 13,272 119,022 21,181 28,767 9,849 Reserves, cash, a n d b a n k b a l a n c e s Reserves with Federal Reserve Banks Cash in v a u l t D e m a n d balances w i t h b a n k s in U n i t e d S t a t e s (except p r i v a t e b a n k s and American branches of foreign banks) Other balances with b a n k s in U n i t e d S t a t e s . . . Balances with b a n k s in foreign countries Cash items in process of collection 34,201,796 20,405,686 1,485,771 1,488,075 855,570 9,499,804 6,678,807 260,959 1,644,969 957,282 101,680 2,536,687 1,490,476 173,665 1,646,057 849,151 113,000 5,643,423 30,697 28,659 6,607,560 230,831 981 298,285 378,426 3,837 18,238 2,159,537 279,060 1,412 1,024 304,511 446,886 1,640 1,302 422,718 365,083 902 78 317,843 D u e from own foreign branches Bank premises owned a n d f u r n i t u r e a n d f i x t u r e s . . . Other real e s t a t e owned I n v e s t m e n t s and other assets indirectly representing bank premises or other real e s t a t e Customers' liability on acceptances Income accrued b u t not yet collected Other assets 54,521 872,265 13,446 6,624 52,696 354 47,897 248,090 1,663 60,758 842 86,269 207 50,797 921 58,445 179,504 237,105 158,271 1,733 25,870 11,406 4,378 6,901 105,197 78,883 74,583 4,387 4,482 10,100 11,333 2,851 1,282 16,930 5,071 2,803 410 6,736 8,119 131,391,523 6,146,130 36,077,367 7,080,349 10,660,108 6,018,339 4,301,319 27,093,436 3,492,038 20,588,837 102,246 584,191 259,263 774,288 334,917 3,012,391 20,517 1,281,368 4,486,520 3,714,433 113,536 217,358 369,100 12,067 6,619,015 5,512,399 205,685 318,883 474,969 5,610 4,311,648 3,335,924 99,500 340,823 447,657 5,950 Total assets LIABILITIES 92,459,455 Demand deposits Individuals, partnerships, a n d corporations. . . . 7 0 , 9 4 6 , 6 6 7 2,121,969 United S t a t e s G o v e r n m e n t 5,850,375 States a n d political subdivisions 10,098,396 Banks in U n i t e d S t a t e s 1,479,632 Banks in foreign countries Certified a n d officers' checks, cash letters of 1,962,416 credit, a n d travelers' checks, etc Time deposits Individuals, partnerships, and c o r p o r a t i o n s . . . . United S t a t e s G o v e r n m e n t Postal Savings States and political subdivisions Banks in United S t a t e s Banks in foreign countries Total deposits D u e to own foreign branches Bills payable, rediscounts, a n d other liabilities for borrowed money Acceptances o u t s t a n d i n g Dividends declared b u t not yet payable Income collected b u t not yet earned Expenses accrued and u n p a i d Other liabilities Total liabilities CAPITAL ACCOUNTS Capital Surplus Undivided profits Other capital accounts Total capital accounts 101,226 1,182 92,338 852,361 60,026 101,469 81,794 28,902,421 27,801,151 107,156 3,793 927,324 29,990 33,007 1,266,109 1,255,466 6,001 233 4,313 96 350,818 240,782 23,668 15 52,337 3,509 30,507 1,930,358 1,842,932 1,521 190 85,531 184 3,189,871 3,037,497 1,857 512 146,572 3,433 1,292,999 1,249,421 16,106 240 25,808 1,424 121,361,876 5,567,428 32,444,254 6,416,878 9,808,886 5,604,647 262,262 242,021 45,407 201,322 56,225 159,704 317,882 185,731 1,340 26,644 5,258 9,990 18,742 8,011 28,385 118,785 24,135 37,014 88,268 135,810 1,997 4,816 4,178 8,660 14,412 3,619 800 1,298 2,177 12,040 26,036 3,957 1,465 410 2,744 6,566 13,113 6,521 122,590,409 5,637,413 33,118,672 6,454,560 9,855,194 5,635,466 2,781,808 3,969,572 1,601,946 447,788 158,037 224,886 85,361 40,433 843,868 1,473,902 554,435 86,490 184,622 308,650 107,609 24,908 270,282 369,476 119,819 45,337 119,407 175,199 65,162 23,105 8,801,114 508,717 T o t a l l i a b i l i t i e s a n d c a p i t a l a c c o u n t s . . . . 131,391,523 MEMORANDA P a r or face value of capital Capital notes and debentures First preferred stock Second preferred stock C o m m o n stock 2,958,695 625,789 804,914 382,873 36,077,367 7,080,349 10,660,108 6,018,339 843,868 8,056 22,021 184,622 270,282 179 7,000 119,407 224 801 15 118,367 2,781,808 10,604 54,719 3,879 2,712,606 158,037 458 580 156,999 811,970 1,821 898 179,683 Retirable value of capital: First preferred stock. . . . Second preferred s t o c k . . 104,816 7,672 669 ,330 64,569 4,264 10,178 1,498 7,000 810 15 N e t d e m a n d deposits subject to reserve (see page 18). D e m a n d deposits a d j u s t e d (see footnote on page 1). . Pledged assets (and securities loaned) N u m b e r of b a n k s 80,209,758 72,151,898 11,671,462 6,918 3,772,362 3,545,354 311,572 337 24,555,473 20,055,949 1,896,593 783 3,902,949 3,687,306 736,374 645 5,749,411 5,510,033 1,090,459 704 3,628,722 3,440,698 722,009 478 4,041 263,103 ' 5 A L L M E M B E R BANKS—ASSETS A N D LIABILITIES O N D E C E M B E R 31, 1948, BY F E D E R A L R E S E R V E DISTRICTS [Amounts in thousands of dollars] Federal Reserve district Chicago ASSETS Loans a n d i n v e s t m e n t s Loans (including overdrafts) United States Government direct obligations Obligations guaranteed by United States Government. Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stocks (including Federal Reserve Bank stock) Reserves, cash, and b a n k b a l a n c e s Reserve with Federal Reserve Banks Demand balances with banks in United States (except private banks and American branches of foreign banks) Other balances with banks in United States Balances with banks in foreign countries Cash items in process of collection Bank premises owned and furniture and fixtures Other real estate owned Investments and other assets indirectly representing bank premises or other real estate Customers' liability on acceptances Income accrued but not yet collected Other assets Total assets LIABILITIES D e m a n d deposits Individuals, partnerships, and corporations. . * United States Government States and political subdivisions Banks in United States Banks in foreign countries Certified and officers' checks, cash letters of credit, and travelers' checks, etc T i m e deposits Individuals, partnerships, and corporations United States Government Postal Savings States and political subdivisions Banks in United States Total deposits 14,908,210 4,556,972 9,077,274 232 779,852 467,085 St. Louis 3,720,352 1,534,629 1,869,199 144 197,495 108,561 Minneapolis Kansas City Dallas San Francisco 2,733,113 883,789 1,646,587 67 111,607 86,576 4,273,009 1,507,610 2,376,650 140 278,737 102,646 4,269,182 1,835,718 2,122,537 78 249,464 52,718 13,287,333 6,032,044 6,366,221 132 691,936 175,184 26,795 10,324 4,487 7,226 8,667 21,816 5,129,418 3,087,774 230,756 1,477,020 773,192 63,691 960,939 499,877 38,802 1,957,927 934,309 61,987 2,164,652 966,494 81,347 3,899,490 2,419,087 159,560 914,201 2,342 1,662 892,683 365,605 198 40 274,294 247,222 2,346 473 172,219 663,813 4,547 63 293,208 809,901 5,750 942 300,218 456,979 5,009 3,648 855,207 82,522 870 26,806 2,125 14,303 542 26,072 304 52,067 2,716 120,582 844 5,156 6,994 36,995 14,089 166 826 5,656 5,881 3,987 422 7,399 3,199 840 309 6,551 4,932 3,429 7,102 4,646 2,849 25,444 20,088 41,521 18,761 20,184,254 5,238,832 3,723,904 6,269,944 6,506,643 17,414,063 13,428,540 10,294,207 464,376 920,465 1,527,495 31,938 3,969,597 2,831,936 80,538 262,968 757,528 3,824 2,560,172 1,882,291 53,306 265,771 324,870 2,397 5,242,835 3,721,527 91,323 496,214 872,755 1,475 5,535,386 4,055,431 63,257 476,202 801,068 6,575 10,304,275 8,320,449 194,792 913,022 503,258 96,072 190,059 32,803 31,537 59,541 132,853 276,682 5,533,680 5,392,055 12,511 778 126,594 1,742 949,057 909,043 1,912 244 37,596 262 940,781 929,467 1,040 177 4,336 5,761 667,666 654,483 4,856 204 5,206 2,917 603,434 506,314 7,605 381 86,688 2,446 6,086,559 5,724,081 21,727 432 335,419 2,400 2,500 18,962,220 4,918,654 3,500,953 5,910,501 6,138,820 16,390,834 2,225 7,421 4,680 24,425 40,541 12,052 1,350 968 1,867 6,315 8,715 1,782 175 422 421 8,006 8,380 1,859 7,035 310 1,811 3,683 8,900 613 8,484 2,291 2,288 12,050 320 600 23,385 3,241 31,795 65,831 10,262 19,053,564 4,939,651 3,520,216 5,932,853 6,164,253 16,546,189 380,704 472,612 177,421 99,953 104,673 120,458 63,964 10,086 64,504 85,556 37,327 16,301 109,733 125,203 82,078 20,077 127,576 136,392 59,762 18,660 304,923 324,611 195,632 42,708 20,241 Bills payable, rediscounts, and other liabilities for borrowed money Acceptances outstanding Dividends declared but not yet payable Income collected but not yet earned Expenses accrued and unpaid Other liabilities Total liabilities Capital CAPITAL ACCOUNTS Undivided profits Other capital accounts Total capital a c c o u n t s Total liabilities and capital a c c o u n t s MEMORANDA Par or face value of capital Capital notes and debentures ^ppntirl r»rpfprrpd sfnfk" Common stock Retirable value of capital: First preferred stock r1 nrpfprrpH Qf Net demand deposits subject to reserve (see page 18) Demand deposits adjusted (see footnote on page 1) Pledged assets (and securities loaned) .. ... 1,130,690 299,181 203,688 337,091 342,390 867,874 20,184,254 5,238,832 3,723,904 6,269,944 6,506,643 17,414,063 380,704 1 ,419 7,692 300 371,293 104,673 606 705 225 103,137 64,504 40 1,178 25 63,261 109,733 127,576 70 519 304,923 10 9,238 126,987 295,675 7,722 300 705 225 1,178 25 173 15 954 9,965 11,622,255 10,512,048 1,376,853 1,006 3,329,698 2,853,413 420,832 495 2,140,731 2,007,380 503,544 476 4,285,824 3,984,074 785,666 761 4.425.267 4.364.268 761,451 618 8,992,607 8,654,946 2,100,742 269 173 15 109,545 6 A L L M E M B E R BANKS—CLASSIFICATION O F L O A N S A N D U N I T E D S T A T E S G O V E R N M E N T D I R E C T OBLIGATIONS [In thousands of dollars] All member banks on selected call dates Loans—net 1943 Dec. 31 1944 Dec. 30 1945 Dec. 31 1946 Dec. 31 1947 Dec. 31 1948 June 30 1948 Dec. 31 16,287,520 18,676,062 22,775,207 26,695,670 32,627,985 33,871,224 296,438 34,167,662 36,060,317 363,012 36,423,329 7,530,983 8,948,919 13,154,271 16,962,393 16,733,811 17,630,827 629,977 567,698 215,502 639,653 74,303 809,938 43,548 1,002,663 15,316 1,225,463 582,390 1,217,300 2,248,714 3,133,229 1,505,534 810,737 1,171,482 1,324,123 2,108,273 243,247 3,378,017 276,809 1,466,920 385,049 1,064,666 447,431 956,267 479,551 834,381 476,332 2,389,755 575,513 2,522,079 656,286 3,903,481 1,068,778 5,380,658 1,302,410 5,882,780 1,414,249 6,263,724 1,503,928 392,006 281,449 756,608 479,516 993,911 598,303 1,143,320 692,214 268,246 503,594 1,862,259 79,473 940,369 479,017 711,897 2,234,633 113,026 838,782 559,719 787,116 2,309,726 159,261 880,707 628,165 815,677 2,305,170 119,962 885,816 63,030,370 1,166,986 10,042,725 5,601,684 725,447 10,939,012 26,333,697 5,853,030 2,367,789 57,904,405 1,987,334 5,816,421 4,814,950 1,101,937 15,727,684 19,674,381 6,673,306 2,108,392 54,130,980 2,188,224 7,597,146 4,103,753 1,086,599 11,319,207 19,906,607 5,984,322 1,945,122 52,148,672 2,587,686 7,999,315 2,800,214 1,348,923 16,515,388 13,388,994 5,859,845 1,648,307 Commercial and industrial loans, in7,420,746 cluding open-market paper 2 Loans to farmers directly guaranteed by2 the Commodity Credit Corporation . 461,140 561,824 Other loans to farmers 2 Loans to brokers and dealers in securi1,398,236 ties Other loans for purchasing or carrying 839,330 securities 245,598 Real-estate loans: On farm land On residential property 2,418,705 On other properties.. 609,907 Other loans to individuals: 115,695 Retail automobile instalment paper ] Other retail instalment paper Repair and modernization instal156,872 j ment loans 215,534 Instalment cash loans 995,578 Single-payment loans 57,426 Loans to banks All other loans (including overdrafts). . 790,929 United States G o v e r n m e n t direct obli50,602,657 gations 4,360,425 Treasury bills Treasury certificates of indebtedness. . . 12,071,167 6,906,023 Treasury notes 170,761 Nonmarketable bonds 3 5,259,443 Other bonds maturing in 5 years or less. Other bonds maturing in 5 to 10 years. 14,914,737 5,563,960 Other bonds maturing in 10 to 20 years. Bonds maturing after 20 years 1,356,141 126,068 168,876 159,777 223,767 224,694 994,743 58,751 817,869 291,719 1,216,079 47,002 1,057,270 66,783,630 3,747,838 13,981,556 14,126,875 455,407 5,308,973 22,466,622 5,117,870 1,578,489 78,322,769 2,274,951 16,984,827 14,271,270 728,671 7,897,223 28,656,315 5,357,276 2,152,236 ( I [ By class of bank December 31, 1948 Central reserve city member banks 4 Loans—net Reserves Loans—gross Commercial and industrial loans, including open-market paper Loans to farmers directly guaranteed by the Commodity Credit Corporation Other loans to farmers Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real-estate loans: On farm land On residential property On other properties. Other loans to individuals: Retail automobile instalment paper Other retail instalment paper. . . . Repair and modernization instalment loans ' Instalment cash loans Single-payment loans Loans to banks All other loans (including overdrafts). . U n i t e d S t a t e s G o v e r n m e n t direct obligations Treasury bills Treasury certificates of indebtedness. . Treasury notes Nonmarketable bonds Other bonds maturing in 5 years or less. Other bonds maturing 5 to 10 years . . . Other bonds maturing in 10 to 20 years. Bonds maturing after 20 years Reserve city member banks 4 Country member4 banks All member banks All national member banks All State member banks New York Chicago 8,047,564 96,427 8,143,991 1,783,280 19,943 1,803,223 14,284,807 153,300 14,438,107 11,944,666 93,342 12,038,008 36,060,317 363,012 36,423,329 23,751,891 233,798 23,985,689 12,308,426 129,214 12,437,640 5,641,517 1,411,964 7,281,662 3,295,684 17,630,827 11,546,408 6,084,419 2,555 197 3,771 160,594 276,415 421,599 934,559 582,390 1,217,300 482,020 959,861 100,370 257,439 1,102,415 71,228 129,873 20,607 1,324,123 548,782 775,341 225,040 25 62,537 782 359,975 79,931 186,829 395,594 834,381 476,332 488,176 337,787 346,205 138,545 159,784 63,828 31,438 18,539 2,833,953 588,896 3,238,549 832,665 6,263,724 1,503,928 4,217,319 982,392 2,046,405 521,536 37,603 109,397 36,000 41,802 519,722 313,509 549,995 227,506 1,143,320 692,214 807,644 520,348 335,676 171,866 60,697 88,479 346,847 103,537 202,267 20,935 10,049 67,313 97 26,571 305,786 298,035 877,744 13,654 398,358 240,747 419,114 1,013,266 2,674 258,620 628,165 815,677 2,305,170 119,962 885,816 457,417 588,365 1,410,030 27,062 612,078 170,748 227,312 895,140 92,900 273,738 9,649,017 588,731 1,183,248 365,465 22,717 3,063,163 3,254,836 1,081,825 89,032 2,632,727 182,906 275,344 216,789 15,302 728,812 595,929 615,049 2,596 18,593,396 1,055,762 3,200,601 1,090,368 239,676 5,869,734 4,463,517 2,185,013 488,725 21,273,532 760,287 3,340,122 1,127,592 1,071,228 6,853,679 5,074,712 1,977,958 1,067,954 52,148,672 2,587,686 7,999,315 2,800,214 1,348,923 16,515,388 13,388,994 5,859,845 1,648,307 34,849,643 1,576,290 5,616,971 1,960,932 1,005,348 11,050,328 8,759,113 3,706,960 1,173,701 17,299,029 1,011,396 2,382,344 839,282 343,575 5,465,060 4,629,881 2,152,885 474,606 1 Beginning June 30, 1948, figures for various loan items are shown gross (i.e., before deduction of valuation reserves), and are not entirely comparable with prior figures. 2 During the period December 31, 1943-June 30, 1945 the item corresponding to the present item "Loans to farmers directly guaranteed by the Commodity Credit Corporation" included loans to dealers, processors,' and farmers' cooperatives covered by purchase agreements with the Commodity Credit Corporation, which are now classified as commercial and industrial loans, and loans to farmers with similar indirect guarantees which are now classified as other loans to farmers; consequently, December 31, 1945 and subsequent figures may not be entirely comparable with 3prior figures. Prior to December 31, 1947, this item included United States savings bonds only; depositary bonds were included with other United States bonds according to maturity. 4 See contents page for basis of classification of member banks. 7 A L L M E M B E R BANKS—CLASSIFICATION O F L O A N S A N D U N I T E D S T A T E S G O V E R N M E N T D I R E C T OBLIGATIONS [In thousands of dollars] By Federal Reserve districts, December 31, 1948 Total, all districts Boston New York Philadelphia Cleveland Richmond Atlanta Loans—net Reserves Loans—gross Commercial a n d industrial loans including open-market paper Loans to f a r m e r s directly g u a r a n t e e d by t h e C o m m o d i t y C r e d i t Corporation Other loans to f a r m e r s Loans to brokers and dealers in securities. Other loans for purchasing or carrying securities Real-estate loans: On f a r m land On residential p r o p e r t y . . . On other properties Other loans to individuals: Retail automobile instalment paper Other retail instalment paper Repair a n d modernization instalment loans I n s t a l m e n t cash loans Single-payment loans Loans to b a n k s All other loans (including overdrafts) 36,060,317 363,012 36,423,329 1,724,349 22,896 1,747,245 10,455,760 127,294 10,583,054 1,741,752 14,102 1,755,854 2,655,610 23,824 2,679,434 1,586,079 1,597,890 11,811 1,546,005 13,338 1,559,343 17,630,827 907,608 6,384,872 737,035 1,141,577 590,810 731,044 582,390 1,217,300 1,324,123 7,919 16,409 37,815 1,540 50,982 1,113,311 461 33,202 18,398 2,395 48,594 24,375 14,435 34,351 7,867 52,453 40,077 8,105 834,381 476,332 6,263,724 1,503,928 40,042 11,066 224,814 119,702 272,487 29,132 959,976 225,813 25,094 30,499 363,031 108.025 80,919 66,809 630,555 152,911 49,741 41,231 338,659 118,029 73,327 22,566 138,682 71,079 1,143,320 692,214 47,560 32,315 125,792 176,890 52,942 47,038 90,801 40,235 62,147 21,225 71,428 31,012 628,165 815,677 2,305,170 119,962 885,816 31,178 48,714 169,066 1,851 51,186 147,825 189,348 539,008 104,027 262,051 40,730 62,735 191,266 673 44,725 50,437 89,225 201,125 1,107 58,369 18,103 53,968 191,916 1,808 53,600 27,574 47,853 182,723 3,890 57,530 United States G o v e r n m e n t direct obligations T r e a s u r y bills Treasury certificates of indebtedness T r e a s u r y notes Nonmarketable bonds. Other bonds m a t u r i n g in 5 years or less Other bonds m a t u r i n g in 5 to 10 years Other bonds m a t u r i n g in 10 to 20 years Bonds m a t u r i n g a f t e r 20 years 52,148,672 2,587,686 7,999,315 2,800,214 1,348,923 16,515,388 13,388,994 5,859,845 1,648,307 2,588,756 165,978 335,034 134,304 64,626 691,898 633,782 485,713 77,421 13,805,304 739,102 1,522,653 496,361 168,317 4,272,225 4,443,266 1,712,808 450,572 2,994,843 189.026 283,968 135,443 124,338 821,283 743,618 484,260 212,907 4,593,397 196,109 544,758 264,227 127,448 1,501,514 1,207,865 589,193 162,283 2,453,260 102,183 369,810 102,810 115,928 836,005 625,514 222,877 78,133 2,254,644 64,064 516,519 134,181 59,210 688,856 493,050 143,800 154,964 By Federal Reserve districts, December 31, 1948—Continued Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 4,556,972 Loans—net 42,967 Reserves 4,599,939 Loans—gross Commercial and industrial loans, including open-market paper 2 , 2 8 1 , 7 1 3 Loans to f a r m e r s directly g u a r a n t e e d by the C o m m o d i t y 29,020 Credit Corporation 159,900 Other loans to f a r m e r s 76,390 Loans to brokers and dealers in securities 102,892 Other loans for purchasing or carrying securities 75,898 Real-estate loans: On f a r m land 877,076 On r e s i d e n t i a l property 192,824 On other properties Other loans to individuals: 170,895 Retail automobile instalment paper 92,406 Other retail instalment paper 103,287 Repair and modernization instalment loans 76,435 I n s t a l m e n t cash loans 268,982 Single-payment loans 430 Loans to b a n k s 91,791 All other loans (including overdrafts) 1,534,629 11,223 1,545,852 704,823 883,789 8,001 891,790 306,023 1,507,610 7,394 1,515,004 580,407 1,835,718 11,451 1,847,169 979,454 6,032,044 68,711 6,100,755 2,285,461 60,939 70,080 5,769 29,751 32,199 238,716 71,282 75,746 82,418 3,690 18,465 18,515 158,402 35,070 155,416 263,925 4,159 20,666 31,328 150,501 57,368 86,501 146,907 7,118 70,569 23,691 108,777 61,557 95,565 270,455 17,126 50,428 93,398 2,074,535 290,268 56,600 32,544 24,455 27,728 151,402 875 38,689 36,413 30,520 40,207 16,601 36,225 40 33,455 53,929 22,873 17,313 28,728 96,930 763 30,698 81,185 31,983 17,966 46,853 127,404 615 56,589 293,628 133,173 109,090 127,489 149,123 3,883 107,133 9,077,274 423,462 1,312,193 658,554 269,231 2,931,323 2,095,369 1,197,721 189,421 1,869,199 91,676 388,432 126,353 72,856 590,657 435,012 124,309 39,904 1,646,587 55,392 324,822 93,558 102,616 580,400 356,811 103,993 28,995 2,376,650 184,942 608,788 189,085 94,056 735,725 364,042 152,641 47,371 2,122,537 121,711 583,632 149,952 41,791 655,879 423,402 82,928 63,242 6,366,221 254,041 1,208,706 315,386 108,506 2,209,623 1,567,263 559,602 143,094 United States Government direct obligations T r e a s u r y bills T r e a s u r y certificate of indebtedness T r e a s u r y notes N o n m a r k e t a b l e bonds Other bonds m a t u r i n g in 5 years or less Other bonds m a t u r i n g in 5 to 10 years Other bonds m a t u r i n g in 10 to 20 years Bonds m a t u r i n g a f t e r 20 years 8 R E S E R V E CITY BANKS 1 —CLASSIFICATION OF L O A N S A N D U N I T E D STATES G O V E R N M E N T D I R E C T OBLIGATIONS [In thousands of dollars] Loans—net Reserves Loans—gross Commercial and industrial loans, including open-market paper Loans to farmers directly guaranteed by the Commodity Credit Corporation Loans to brokers and dealers in s e c u r i t i e s . . . . Other loans for purchasing or carrying securities On residential property On other properties Other loans to individuals: Retail automobile instalment paper Other retail instalment paper Repair and modernization instalment loans Instalment cash loans Single-payment loans All other loans (including overdrafts) United S t a t e s G o v e r n m e n t direct o b l i g a t i o n s . Treasury bills Treasury certificates of indebtedness Treasury notes Nonmarketable bonds Other bonds maturing in 5 years or less Other bonds maturing in 5 to 10 years Other bonds maturing in 10 to 20 years Bonds maturing after 20 years By Federal Reserve districts, December 31, 1948 Total, all reserve city b a n k s Boston 14,284,807 153,300 14,438,107 769,527 13,178 782,705 294,249 7,417 301,666 746,342 7,488 753,830 1,578,001 16,036 1,594,037 663,685 5,508 669,193 738,780 7,492 746,272 7,281,662 534,185 160,776 462,605 922,329 312,797 403,320 160,594 276,415 129,873 1,004 36,743 722 2,488 16,003 58 652 24,133 4 640 5,336 15,832 4,375 5,814 359,975 79,931 2,833,953 588,896 25,035 38,225 11,664 585 58,541 19,428 6,913 120 26,273 14,769 60,026 2,986 231,400 66,212 29,297 2,519 102,499 50,823 50,686 1,880 29.307 26,162 519,722 313,509 11,054 17,805 8,202 9,409 21,498 31,022 34,429 20,772 27,740 8,501 31,753 15,475 305,786 298,035 877,744 13,654 398,358 13,747 6,589 57,941 800 19,597 4,329 4,648 15,849 5,025 22,485 18,581 109,911 670 22,980 31,645 49,285 107,395 997 41,718 9,772 18,204 67,659 1,573 31,829 14,001 19,458 89,556 3,345 35.308 18,593,396 1,055,762 3,200,601 1,090,368 239,676 5,869,734 4,463,517 2,185,013 488,725 863,547 98,522 153,426 65,945 5,898 156,196 132,478 248,574 2,508 376,417 16,120 27,323 13,315 3,264 114,139 103,914 61,359 36,983 947,852 108,587 68,137 42,704 2,934 284,470 210,898 188,097 42,025 2,586,372 121,902 287,814 162,498 19,173 808,964 707,865 421,559 56,597 1,134,771 62,744 136,471 36,811 33,909 399,400 314,018 130,598 20,820 921,034 23,822 230,558 51,706 10,038 277,969 194,890 69,187 62,864 19,980 New York Philadelphia Cleveland Richmond 2 Atlanta 2 By Federal Reserve districts, December 31, 1948—Continued Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 2 Loans—net Reserves Loans—gross Commercial and industrial loans, including open-market paper Loans to farmers directly guaranteed by the Commodity Credit Corporation Other loans to farmers Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real-estate loans: On farm land On residential property On other properties Other loans to individuals: Retail automobile instalment paper Other retail instalment paper Repair and modernization instalment loans Instalment cash loans Single-payment loans Loans to banks All other loans (including overdrafts) 1,208,215 11,535 1,219,750 536,999 921,982 7,299 929,281 560,267 365,327 4,215 369,542 195,872 850,091 4,153 854,244 452,216 1,073,517 7,109 1,080,626 727,589 5,075,091 61,870 5,136,961 2,012,707 2,449 5,500 4,712 24,050 3,182 313,076 52,404 32,465 7,157 5,471 19,770 1,553 76,376 35,055 9,922 3,388 2,744 12,444 263 34,760 7,099 47,999 73,959 3,941 17,078 5,228 76,259 32,436 1,708 11,859 6,141 62,514 2,792 40,797 38,371 49,153 168,163 16,347 45,553 58,823 1,819,630 207,912 51,436 28,139 46,425 23,117 88,394 250 39,617 28,804 20,946 15,808 13,216 84,373 825 27,195 10,624 19,294 31,814 5,139 11,322 24,857 23,006 13,252 13,080 15,491 58,050 701 21,548 27,268 18,781 11,410 21,400 70,802 610 38,584 243,908 110,113 91,270 102,907 116,492 3,883 90,100 United S t a t e s G o v e r n m e n t direct o b l i g a t i o n s Treasury bills Treasury certificates of indebtedness Treasury notes Nonmarketable bonds Other bonds maturing in 5 years or less Other bonds maturing in 5 to 10 years Other bonds maturing in 10 to 20 years Bonds maturing after 20 years 3,123,928 159,585 490,590 238,320 53,934 1,002,171 719,596 381,064 78,668 822,571 60,820 169,772 50,480 11,285 252,320 220,835 54,722 2,337 481,207 21,454 106,549 26,442 4,761 141,433 114,887 51,387 14,294 1,236,426 123,441 275,048 94,176 17,308 399,343 198,685 108,663 19,762 951,867 38,092 223,435 52,854 9,166 286,424 255,157 42,901 43,838 5,147,404 220,673 1,031,478 255,117 68,006 1,746,905 1,290,294 426,902 108,029 1 2 See contents page for basis of classification of member banks. See note 3, page 11. 9 1 C O U N T R Y B A N K S — C L A S S I F I C A T I O N OF L O A N S A N D U N I T E D S T A T E S G O V E R N M E N T D I R E C T OBLIGATIONS [In thousands of dollars] Loans—net Reserves Loans—gross Commercial and industrial loans, including open-market paper Loans to farmers directly guaranteed by the Commodity Credit Corporation Other loans to farmers Loans to brokers and dealers in s e c u r i t i e s . . . . Other loans for purchasing or carrying securities Real-estate loans: On farm land On residential p r o p e r t y . . . . On other properties Other loans to individuals: Retail automobile instalment paper Other retail instalment paper Repair and modernization instalment Instalment cash loans Single-payment loans Loans to banks All other loans (including overdrafts) U n i t e d S t a t e s G o v e r n m e n t direct obligations. Treasury bills Treasury certificates of indebtedness Treasury notes Nonmarketable bonds Other bonds maturing in 5 years or less Other bonds maturing in 5 to 10 years Other bonds maturing in 10 to 20 years Bonds maturing after 20 years By Federal Reserve districts, December 31, 1948 Total, all country banks Boston New York Philadelphia Cleveland Richmond 2 11,944,666 93,342 12,038,008 954,822 9,718 964,540 2,113,947 23,450 2,137,397 995,410 6,614 1,002,024 1,077,609 7,788 1,085,397 922,394 6,303 928,697 807,225 5,846 813,071 3,295,684 373,423 582,579 274,430 219,248 278,013 327,724 421,599 934,559 20,607 6,915 16,409 1,072 1,540 47,705 8,408 461 33,202 2,395 2,337 47,942 242 14,431 33,711 2,531 36,621 35,702 2,291 186,829 395,594 3,238,549 832,665 20,062 11,066 199,779 81,477 35,783 28,522 741,651 142,557 18,181 30,379 336,758 93,256 20,893 63,823 399,155 86,699 20,444 38,712 236,160 67,206 22,641 20,686 109,375 44,917 549,995 227,506 36,506 14,510 79,987 58,084 31,444 16,016 56,372 19,463 34,407 12,724 39,675 15,537 240,747 419,114 1,013,266 2,674 258,620 17,431 42,125 111,125 1,051 31,589 82,799 96,221 176,312 490 54,759 18,245 44,154 81,355 3 21,745 18,792 39,940 93,730 110 16,651 8,331 35,764 124,257 235 21,771 13,573 28,395 93,167 545 22,222 21,273,532 760,287 3,340,122 1,127,592 1,071,228 6,853,679 5,074,712 1,977,958 1,067,954 1,725,209 67,456 181,608 68,359 58,728 535,702 501,304 237,139 74,913 3,779,870 134,251 312,082 117,581 142,336 1,094,923 1,084,516 569,624 324,557 2,046,991 80,439 215,831 92,739 121,404 536,813 532,720 296,163 170,882 2,007,025 74,207 256,944 101,729 108,275 692,550 500,000 167,634 105,686 1,318,489 39,439 233,339 65,999 82,019 436,605 311,496 92,279 57,313 1,333,610 40,242 285,961 82,475 49,172 410,887 298,160 74,613 92,100 Atlanta 2 By Federal Reserve districts, December 31, 1948—Continued Chicago St. Louis Minneapolis 956,953 6,841 963,794 110,151 128,191 251,865 272,754 65,824 79,030 946 6,021 18,252 123,642 27,971 107,417 189,966 218 3,588 26,100 74,242 24,932 84,793 135,048 977 8,055 20,899 67,980 23,186 46,412 102,292 779 4,875 34,575 254,905 82,356 27,796 11,598 8,647 14,512 67,029 50 11,494 25,789 11,226 8,393 11,462 24,903 40 8,598 30,923 9,621 4,233 13,237 38,880 62 9,150 53,917 13,202 6,556 25,453 56,602 5 18,005 49,720 23,060 17,820 24,582 32,631 1,046,628 30,856 218,660 75,873 61,571 338,337 214,177 69,587 37,567 1,165,380 33,938 218,273 67,116 97,855 438,967 241,924 52,606 14,701 1,140,224 61,501 333,740 94,909 76,748 336,382 165,357 43,978 27,609 1,170,670 83,619 360,197 97,098 32,625 369,455 168,245 40,027 19,404 1,218,817 33,368 177,228 60,269 40,500 462,718 276,969 132,700 35,065 612,647 3,924 616,571 518,462 3,786 522,248 332,750 144,556 26,374 150,629 450 16,305 71,934 532,562 121,881 28,474 62,923 298 9,981 30,646 162,340 36,227 83,459 22,465 35,927 43,269 113,275 83 25,603 U n i t e d S t a t e s G o v e r n m e n t direct o b l i g a t i o n s Treasury bills Treasury certificates of indebtedness Treasury notes Nonmarketable bonds Other bonds maturing in 5 years or less Other bonds maturing in 5 to 10 years Other bonds maturing in 10 to 20 years Bonds maturing after 20 years 3,320,619 80,971 546,259 203,445 199,995 1,200,340 779,844 201,608 108,157 San Francisco 2 762,201 4,342 766,543 1,565,477 11,489 1,576,966 See contents page for basis of classification of member banks. See note 3, page 11. Dallas 657,519 3,241 660,760 Loans—net Reserves Loans—gross Commercial and industrial loans, including open-market paper Loans to farmers directly guaranteed by the Commodity Credit Corporation Other loans to farmers Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real-estate loans: On farm land On residential property On other properties Other loans to individuals: Retail automobile instalment paper Other retail instalment paper Repair and modernization instalment loans Instalment cash loans Single-payment loans Loans to banks . All other loans (including overdrafts) 1 2 Kansas City 17,033 I O ALL MEMBERS BANKS—ASSETS AND LIABILITIES ON DECEMBER 31, 1948, OF BANKS IN EACH CENTRAL A S S E T S [In thousands of dollars] Reserves, cash, Loans and investments Federal Reserve district numbers, and reserve cities All m e m b e r b a n k s . . . Reserve b a n k c i t i e s 1. Boston 2. New York 2 3. Philadelphia 4. Cleveland 5. Richmond 6. A t l a n t a 3 7. Chicago 2 8. St. Louis 9. Minneapolis 10. Kansas City 11. Dallas 12. San Francisco 1 Reserve b r a n c h c i t i e s 2. Buffalo 4. Cincinnati 4. Pittsburgh 5. Baltimore 5. Charlotte 3 6. Birmingham 6. Jacksonville 6. Nashville 6. N e w Orleans 7. D e t r o i t 8. Little Rock 8. Louisville 8. Memphis 9. Helena 10. Denver 10. Oklahoma City 10. O m a h a 11. El Paso 11. Houston 11. San Antonio 12. Los Angeles 12. Portland 12. Salt Lake City 3 12. Seattle Number of banks O t h e r reserve c i t i e s 1 4. Columbus 4. Toledo 5. Washington 7. Cedar Rapids 7. Des Moines 7. D u b u q u e 7. Indianapolis 7. Milwaukee 7. Peoria 7. Sioux City 8. National City 9. St. Paul 10. Kansas City, Kansas 10. Lincoln 10. Pueblo 10. St. Joseph 10. T o p e k a 10. Tulsa 10. Wichita 11. F o r t W o r t h 11. Galveston 11. Waco Country banks, by districts 1. Boston 2. N e w York 3. Philadelphia 4. Cleveland 5. Richmond 6. A t l a n t a 7. Chicago 8. St. Louis 9. Minneapolis 10. Kansas City 11. Dallas 12. San Francisco U. S. Govt, direct obligations 6,918 95,616,170 36,060,317 52,148,672 171 10 40 13 4 6 5 57 7 4 10 1 Total Loans (including overdrafts) 4 0 , 4 1 3 , 8 4 9 17,627 235 769 ,527 1,674,114 1 8 , 8 9 6 , 8 7 7 8 , 1 0 3 110 746 ,342 1,915,377 530 477 1,612,628 105 ,017 275,755 278 ,594 571,578 5 , 9 7 5 , 6 0 8 2 , 0 3 8 ,773 474 ,602 933,698 246 165 562,849 282 ,968 668,485 463 ,370 672,255 6 , 6 5 4 , 6 2 5 3 , 5 8 8 290 ,182,835 863,547 ,722,272 947,852 989,628 152,107 253,004 ,468,760 409,804 274,923 324,213 187,298 ,589,427 131 1 4 , 2 2 2 , 3 5 0 5 566,460 674,899 10 8 1,665,233 9 556,418 352,395 4 3 248,573 3 197,824 262,090 4 6 529,145 6 1,961,676 4 110,754 6 358,911 3 378,533 38,233 2 7 424,362 5 226,827 6 271,466 3 103,318 728,187 11 261,356 6 6 2,268,959 3 847,637 6 272,603 5 916,491 5,128,340 238,703 252,395 648,724 143,507 177,461 93,135 79,883 124,245 162,923 528,248 38,122 164,426 219,772 9,494 137.454 87,497 95,371 63,849 315,079 61,251 685.455 310,239 107,196 383,911 8,110 303 375 835 390 158 81 4 , 2 5 4 , 0 4 5 3 310,988 278,985 4 14 711,404 1 57,742 3 176,749 2 32,877 5 465,412 6 630,329 3 102,204 65,655 4 70,620 1 302,105 3 2 41,609 3 84,848 20,383 1 56,967 4 56,785 4 269,020 4 4 158,858 246,511 3 65,556 4 48,438 3 1,360,076 87,791 58,614 237,700 12,460 64,745 5,239 110,769 176,192 31,810 23,259 25,060 109,668 22,299 26,280 2,026 15,655 20,235 97,192 63,114 2,581 175 210 433 24 93 26 319 410 65 39 44 178 16 55 17 38 29 158 81 102 40 22 6,535 327 738 632 675 445 325 919 474 467 711 580 242 128,111 18,346 23,511 725,926 11 ,944,666 954,822 880,880 ,113,947 551,012 995,410 428,101 ,077,609 468,078 922,394 406,524 807,225 389,633 ,565,477 439,958 612,647 867,836 518,462 829,926 657,519 993,399 762,201 143,561 956,953 ,327,018 ObligaCorporate ObligaOther tions of stocks tions bonds, (including guaran- States and notes, and teed by political F. R. debenU. S. Gov- subdiviBank tures stock) sions ernment 4,930 4,479,920 2,641,521 262 200 9 3 39 714 162 267 223 781 629 128 966 98 362 106 556 334, 146 1,309 796 59 937 178. 415 130 335 27 832 262 849 111 628 141 195 36 400 377 413 185 845 1,517 313 454 579 151 705 434 380 298 591 377 877 254 101 596 327 113 166 112 051 799 080 452 413 735 313 058 362 562 098 220 365 326 ,273,532 ,725,209 ,779,870 ,046,991 ,007,025 ,318,489 ,333,610 ,320,619 ,046,628 ,165,380 ,140,224 ,170,670 ,218,817 11 199 6 ' 142 ,465,351 19,864 569,537 112,790 25,367 8,968 23,994 259,598 18,714 16,565 40,897 14,789 354,268 993,869 16,195 407,949 98,564 64,559 9,043 14,803 196,262 25,977 24,131 19,260 5,039 112,087 570,854 9,089 27,191 42,749 8,914 6,071 18,491 13,180 19,897 27,444 47,917 7,882 7,208 24,010 374 11,971 23.125 22,744 2,780 26,013 7,721 50,607 73,876 10,513 81,087 370,238 12,442 18,127 123,170 11,734 9,489 7,552 5,868 9,645 3,812 72,405 4,639 8,011 3,638 483 11,467 4,092 11,696 92 8,268 6,159 10,917 7,866 2,744 15,922 157,384 22,087 5,815 3,485 20,347 11,809 986 19,470 21,360 3,213 918 1,025 5,280 1,983 1,593 587 1,509 5,999 9,600 4,419 10.126 3,254 2,519 146,887 25,178 3,220 35,321 711 6,314 289 15,183 21,671 1,911 1,429 305 8,023 835 1,070 394 1,656 1,078 3,254 9,963 5,589 3,488 5 4,204 2,286, 291 92, 398, 2,895 162 168, 311 236, 100, 32 36 208, 64 394, 139 138, 67 89, 154, 113 75 182, 19 121, ,130,527 99,792 233,405 205,078 138,116 59,740 35,949 150,910 65,991 53,939 37,881 24,078 25,648 Total Reserve with Federal Reserve Banks Cash in vault 280,810 3 4 , 2 0 1 , 7 9 6 2 0 , 4 0 5 , 6 8 6 1 , 4 8 5 , 7 7 1 144,297 15 748,393 10,518,731 414,053 643,512 4,981 94,009 ,800,342 5 , 6 7 4 , 3 3 7 455,092 790,076 9,629 320,187 2,597 507,279 68,137 620 132,288 148,163 1,183 298,975 12,209 ,304,368 1 , 5 3 6 , 1 0 4 236,991 4,596 409,560 132,987 1,065 263,180 165,576 1,138 376,763 174,739 1,756 389,887 1 , 1 92,365 10,514 ,832,163 344,322 25,373 120,193 22,868 27,571 4,057 7,854 50,013 7,346 4,833 5,442 6,155 62,617 3,162,666 113,337 139,708 379,406 128,213 88,302 79,059 47,618 62,505 138,200 398,043 28,411 90,249 88,335 9,587 102,223 57,559 69,569 23,323 183,543 61,805 433,345 168,372 69,587 202,367 204,220 9,830 11,607 26,470 12,472 4,760 3,892 3,145 4,921 6,226 34,976 1,161 4,921 4,992 172 4,736 1,828 3,185 1,258 8,453 3,118 18,293 13,158 2,908 17,738 1,852,351 144,169 99,108 276,223 23,787 85,100 9,846 206,749 229,360 33,640 33,015 43,230 135,722 20,178 36,997 18,504 26,749 31,039 131,680 66,427 145,606 31,136 24,086 987,861 74,445 61,100 165,776 12,321 40,399 5,278 111,205 130,374 20,540 16,397 16,886 67,548 9,413 19,972 4,589 14,312 15,122 67,426 37,371 68,504 15,171 13,712 78,944 7,806 7,166 17,320 1,245 2,767 563 12,001 8,290 2,127 1,159 919 2,671 478 1,330 684 843 1,068 3,072 1,658 3,239 1,230 1,308 86,666 11 , 1 9 5 , 5 3 6 8,291 844,563 ,505,339 21,960 11,552 854,893 8,069 967,971 836,963 5,358 932,319 4,694 8,654 ,545,131 642,571 3,775 544,562 2,690 811,163 3,352 4,275 ,054,253 655,808 3,996 5,736,428 441,517 891,133 502,190 515,630 398,723 418,122 817,113 312,320 289,755 371,177 425,697 353,051 858,285 75,853 130,936 78,812 93,045 74,391 73,060 117,615 44,352 31,126 37,663 56,586 44,846 41,906 5 , 4 0 5 , 5 1 6 3,053 194,123 1,720 249,821 15,367 568,339 1,482 225,186 745 175,397 429 104,004 531 109,762 1,747 117,723 820 233,975 3,296 658,422 174 52,795 851 171,478 778 157,386 50 17,475 621 169,758 485 125,098 460 143,571 197 50,927 1,414 359,489 380 109,268 4,596 687,527 1,077 267,077 442 105,230 1,191 351,685 7,941 555 459 1,644 123 285 36 871 994 219 108 150 682 75 170 63 89 100 409 264 465 103 77 1 See contents page for basis of classification of member banks. Includes both central reserve city a n d reserve city banks. For other footnote, see opposite page. 2 4 II RESERVE AND RESERVE CITY 1 AND OF COUNTRY BANKS IN EACH FEDERAL RESERVE DISTRICT A S S E T S [In thousands of dollars] and b a n k balances Bank premises, furniture, and fixtures Other real estate owned Assets indirectly representing real estate Customers' liability accept- Income accrued b u t not collected 872,265 13,446 58,445 179,504 22,736 3 , 9 8 4 , 3 8 3 319,458 162,541 600 15,657 , 9 1 9 , 7 8 1 158,028 17,256 233,189 1,019 17,427 123,514 223 8,903 49,835 2,968 102,082 7,846 496,673 835 21,101 123,601 38 4,709 87,466 225 362 132,143 44 5,441 104,434 36 10,871 449,124 2,460 66,145 3,773 20 476 31,549 350 3,440 2,889 872 721 166,635 25,415 104,689 4,459 828 750 6,730 688 316 19 5,000 18,491 Other balances with banks in U. S. Balances with banks in foreign countries Cash items in process of collection 30,697 28,659 6,607,560 11,206 898 2,555 1,155 250 99 1,247 54 186 1,060 341 3,361 5,168 372 502 50 216 283 63 ioo 270 1,478 787 2 140 68 837 2,682 2,751 25 115 1,641 6,698 15 144 357,404 37,067 8,724 44,677 7,493 11,572 2,031 39,932 66,596 2,960 5,533 22,389 39,688 3,014 8,136 280 3,305 2,778 10,682 6,440 27,901 4,778 1,428 43,518 6,289 1,448 12,676 838 699 16 3,008 5,326 1,860 593 255 90 15 1,250 800 100 165 10 11,641 284 910 257 888 901 1,167 456 81 2,160 967 2,969 601 19,118 11,814 499 130,499 8,655 9,910 23,469 5,998 2,694 1,857 2,502 3,305 5,731 6,852 695 1,734 3,096 222 879 939 3,009 1,310 13,241 3,436 10,508 2,052 381 287 5 6 193 160 1 128 398 493 12,118 2,386 363 638 66 85 558 2,126 838 2,250 1,287 168 979,589 378,790 135,744 37,039 196,706 81,407 71,322 43,331 71,589 36,250 100,133 26,461 83,150 30,062 115,311 42,229 33,375 16,572 40,856 11,333 21,943 11,130 50,690 19,504 58,770 23,472 3,100 309 280 314 1,286,184 43,050 67,098 114,726 56,214 66,984 10,233 35,640 28,250 57,482 15 144,582 644 13,508 51,245 30,176 4,209 32,952 19 31,380 40,155 8,764 273 78,927 209 23,296 26 176,167 311 59,854 93 20,214 91,078 291 3,616 695 18 965 56 1 101 50 205 11 325 28 1,819 500 123 178 420 216 55 1,375 9,596 21 286 87 129 5 721 1,097 3,985 46 325 235 3,025 2,011 4^969 913 483 Other Total Federal Reserve district numbers, and reserve cities 237,105 212,792 131,391,523 All m e m b e r b a n k s 128,531 5,611 60,709 6,743 4,896 854 1,570 20,344 2,217 1,757 909 327 22,594 154,481 8,230 113,315 7,478 1,104 380 631 5,700 3,238 2,169 880 226 11,130 48,123 1,832 2,124 6,077 1,721 1,224 1,087 496 775 2,227 7,508 154 1,141 323 17,867 2,290 548 601 1,711 1,172 403 1,785 551 870 2,090 745 9,252 3,435 6 2,407 1,275 68 465 133 776 33 686 2,252 436 1,100 9,728 289 978 903 4,633 134 78 891 513 8 1,700 1,348 416 150 234 1,079 330 1,896 71 15 212 900 3,607 1 232 100 1,350 81 152 100 1 1,693 50 15 626 17 11,475 1,383 2,962 1,498 504 732 748 1,925 166 587 109 404 457 3,173 455 487 23 80 276 1,440 185 11 126 65 126 213 749 529 243 45 214 187 289 14 5,804 334 1,162 842 91 678 796 146 306 42 190 846 371 110 1 235 207 128 337 984 1,544 52 299 574 50,723 5,795 16,342 3,357 2,566 2,034 4,127 5,008 1,587 4,351 583 1,146 3,827 1 121 21 28 35,811 2,772 6,875 3,855 2,606 3,965 2,593 4,412 1,718 904 1,443 1,511 3,157 56,966,669 Reserve b a n k cities 1. Boston 2,372,909 2. N e w York 2 27,137,876 3. Philadelphia 2,744,449 4. Cleveland 2,136,510 5. R i c h m o n d 412,977 6. A t l a n t a 32 880,925 7. Chicago 8,334,629 8. St. Louis 1,355,929 9. Minneapolis 834,233 1 , 0 5 2 , 8 0 6 10. K a n s a s City 1 , 0 7 8 , 8 4 6 11. Dallas 8 , 6 2 4 , 5 8 0 12. San Francisco 19,848,516 Reserve b r a n c h cities 2. Buffalo 773,905 4. Cincinnati 937,703 4. P i t t s b u r g h 2,265,181 5. Baltimore3 791,163 5. Charlotte 532,887 6. Birmingham 356,047 6. Jacksonville 310,890 6. Nashville 385,747 6. N e w Orleans 776,263 7. D e t r o i t 2,636,824 8. Little Rock 164,450 8. Louisville 533,563 8. M e m p h i s 540,050 9. Helena 56,142 598,142 10. Denver 354,045 10. Oklahoma C i t y 419,381 10. O m a h a 155,769 11. El Paso 1 , 1 1 0 , 2 0 2 11. Houston 374,838 11. San Antonio 2 , 9 8 2 , 8 1 4 12. Los Angeles 1 , 1 3 3 , 0 0 2 12. P o r t l a n d 3 380,831 12. Salt Lake City 1 , 2 7 8 , 6 7 7 12. Seattle 1 1 6 , 1 6 9 , 1 0 0 O t h e r reserve c i t i e s 4. Columbus 461,870 4. Toledo 380,698 5. W a s h i n g t o n 1,003,679 7. Cedar Rapids 82,367 7. Des Moines 264,864 7. D u b u q u e 42,808 7. Indianapolis 677,207 7. Milwaukee 868,316 7. Peoria 138,817 7. Sioux C i t y 99,428 8. N a t i o n a l City 114,084 9. St. Paul 441,757 6 2 , 2 1 6 10. K a n s a s City, Kansas 10. Lincoln 122,719 3 8 , 9 5 3 10. Pueblo 10. St. Joseph 84,066 88,846 10. T o p e k a 10. Tulsa 403,792 226,941 10. Wichita 394,938 11. F o r t W o r t h 98,000 11. Galveston 7 2 , 7 3 4 11. W a c o 4 8 , 4 0 7 , 2 3 8 C o u n t r y b a n k s , by d i s t r i c t s 1. Boston 3,773,221 2. N e w York 8,165,586 3. Philadelphia 4,335,900 4. Cleveland 4,478,146 5. R i c h m o n d 3,277,633 6. A t l a n t a 3,361,718 7. Chicago 7,038,994 8. St. Louis 2,530,756 9. Minneapolis 2,391,772 2 , 8 1 8 , 0 3 7 10. K a n s a s City 3 , 2 2 1 , 3 1 6 11. Dallas 3 , 0 1 4 , 1 5 9 12. San Francisco 8 Includes figures for a b a n k with its h e a d office in a nonreserve city, which has a branch in this reserve city; see c o n t e n t s page. For other footnotes, see opposite page. 1 II ALL MEMBERS BANKS—ASSETS AND LIABILITIES ON DECEMBER 31, 1948, OF BANKS IN EACH CENTRAL L I A B I L I T I E S [In thousands of dollars] D e m a n d deposits Federal Reserve district numbers, and reserve cities Total Individuals, partnerships, and corporations United States Govern- States and political subdivisions T i m e deposits Banks in United States Banks in foreign countries Certified and officers' checks, etc. Total Individuals, partnerships, and corporations United States Gov- Postal Savings States and political visions All m e m b e r b a n k s . . . . 9 2 , 4 5 9 , 4 5 5 7 0 , 9 4 6 , 6 6 7 2 , 1 2 1 , 9 6 9 5 , 8 5 0 , 3 7 5 10,098,396 1 , 4 7 9 , 6 3 2 1 , 9 6 2 , 4 1 6 2 8 , 9 0 2 , 4 2 1 2 7 , 8 0 1 , 1 5 1 107,156 3 , 7 9 3 927,324 29,990 Reserve b a n k cities 1 1. Boston 2. New York 2 .. 3. Philadelphia. 4. C l e v e l a n d . . . 5. R i c h m o n d . . 6. A t l a n t a 3 . . . . 7. Chicago 2 . . . 8. St. Louis 9. Minneapolis. 10. Kansas C i t y . 11. Dallas 12. San Francisco 43,372 1,928 22,430 2,251 1,317 318 715 6,095: 1,103 667 923 906, 4,713, 415 135 126 818 775 509 480 803 269 519 224 847 910 ,981,513 ,492,559 .800,406 ,765,273 ,082,930 190,081 461,498 ,454,301 715.924 423.925 496,679 487,535 ,610,402 996,981 44,196 447,579 34,766 57,120 7,212 13,308 214,744 38,339 10,049 11,527 13,044 105,097 10 ,503,486 390,993 502,536 ,327,688 469,118 265,121 203,931 141,480 160,181 360,764 ,280,872 78,759 273,433 249,905 18,496 338,599 167,004 223,408 82,052 649,112 210,849 ,571,772 602,763 207,464 727,186 323,120 15,099 17,370 42,088 15,996 9,432 6,567 2,434 3,977 7,654 90,808 1,533 6,451 4,081 377 13,359 4,279 6,697 1,192 10,081 2,501 31,072 12,507 2,644 14,921 942,005 37,870 15,387 26,791 38,209 53,027 28,031 27,876 42,266 92,237 83,165 12,377 7,834 31,634 17,011 20,115 49,273 12,833 10,992 86.911 13.912 43,411 86,985 36,064 67,794 ,746,212 344,875 258,078 756,524 60,754 221,932 21,555 527,662 621,803 90,576 80,026 95,824 341,156 3,214,047 233,407 215,694 667,307 28,828 97,149 18,656 3 4 8 ,9 8 3 438,941 72,379 48,723 17,629 188,977 114,211 6,455 10,656 19,613 1,064 6,593 782 9,541 20,550 2,475 1,241 234 9,726 46,846 99.325 26.326 60,026 76,090 356,190 200,751 335,239 66,052 58,602 19,108 5 9 ,7 7 6 20,823 35,249 41,324 261,700 126,164 185,295 43,538 44,397 247,621 999,479 397,438 949,160 150,144 744,297 869,341 ,505,375 ,496,286 250,893 ,931,693 ,352,653 ,600,862 Reserve b r a n c h cities 1 14,019, 2. Buffalo 478, 4. C i n c i n n a t i . . . . 645, 4. P i t t s b u r g h . . . . 1,610, 5. Baltimore 609, 3 5. Charlotte . . . . 451, 6. B i r m i n g h a m . . . 276, 6. Jacksonville. . . 243, 6. Nashville 285, 6. N e w Orleans. . 613, 7. D e t r o i t 1,622, 8. Little R o c k . . . 135, 8. Louisville 443, 8. Memphis 426, 9. Helena 48, 10. Denver 445, 10. Oklahoma City 303, 10. O m a h a 355, 11. El Paso 121, 11. Houston 921, 11. San A n t o n i o . . . 287, 12. Los Angeles.. . 1,767, 12. Portland 748, 12. Salt Lake City 3 288, 12. Seattle 889, O t h e r reserve cities 1 4. Columbus 4. Toledo 5. Washington. . . 7. Cedar Rapids.. 7. Des Moines. . . 7. D u b u q u e 7. I n d i a n a p o l i s . . . 7. M i l w a u k e e . . . . 7. Peoria 7. Sioux City 8. National C i t y . 9. St. Paul 10. Kansas City, Kansas 10. Lincoln 10. Pueblo 10. St. J o s e p h . . . . 10. T o p e k a 10. Tulsa 10. Wichita 11. F o r t W o r t h . . . 11. Galveston 11. Waco Country banks, by districts. . . 1. Boston 2. New York 3. Philadelphia.. . 4. Cleveland 5. R i c h m o n d . . . . 6. A t l a n t a 7. Chicago 8. St. Louis 9. Minneapolis.. , 10. Kansas C i t y . . 11. Dallas 12. San Francisco 30,321, 2,373, 4,184, 2,234, 2,442, 2,176 2,472: 4,086. 1,764 1,503 2,349 2,837 1,896 239 184 967 702 009 482 224 405 196 099 602 935 434 1 2 ,511,626 6,302, 247, 102,128 247,359 2 , 9 0 5 , 355, 63,500 107, 53,430 85, 28,284 162, 66,227 290,848 1,041, 46,114 293, 173, 48,426 3 0 ,7 7 6 375, 300, 59,432 475,102 255, 198 923 205 190 861 101 931 561 523 045 566 499 010 037 216 711 570 177 802 607 226 066 097 382 892 34,371 2,309 877 1,839 1,236 471,960 53,088 9,120 99 4,998 68,694 948 83,122 42,402 3,193 3,536 396 67,857 828,908 41,344 15,584 47,941 25,275 40,878 1,042 76,301 104,348 10,008 25,100 77,472 71,806 6,060 26 686 1,481 89 764 2,030 12,092 2,762 3,922 814 641 9,436 8,485 762 2,900 19,725 28,184 28,139 28,950 2,888 5,038 17,110 28,287 4,593 19,543 10,810 50,449 40,143 96,369 17,365 7,140 687,657 58,050 121,513 78,770 71,996 47,247 35,279 116,578 29,900 33,154 35,557 31,062 28,551 ,924,784 157,135 489,059 153,858 161,067 221,204 348,481 339,559 164,613 132,477 285,586 268,079 203,666 943,214 87,676 82,231 14,071 19,819 117,332 185,853 67,923 55,883 67,657 69,314 143,433 32,022 2,024 24 102 188 80 See contents page for basis of classification of member banks. Includes b o t h central reserve city and reserve city banks. For other footnotes, see opposite page. ,431,483 19,193 ,278,093 12,051 2,868 224 50 26,785 3,750 1,691 762 458 85,558 116 36 70 77 139 135 41 151 138 12 68 78 110 24 160 51 83 29 39 63 177 9,146 4,585 1 1,070 2,087 1,264 5,912 957 2,801 4,490 61 452 355 676 7,718 1,324 966 16 2,466 55 351 1,696 844 ,148,736 22,818 751,452 21,199 13,600 7,286 11,922 68,071 5,515 10,237 8,432 46,252 181,952 8,587,668 187,745 1,763,383 238,363 700,128 67,831 111,182 1,693,695 161,335 111,258 75,164 91,803 3,385,781 8,124. 185 1,697 214 681 64 110 1,621 160 106 75 89 3,115 187 33,970 186 2,553 468 14,313 398 404 849 950 545 198 940 951 959 997 327 810 42 039 68 696 137 645 13,682 192,409 4 , 4 8 6 , 3 5 5 7,149 239,739 7,507 216,555 23,800 370,965 3,583 128,869 45,024 7,449 1,363 55,850 43,797 1,311 75,799 1,348 120,366 4,205 27,028 876,132 20,839 1,605 55,704 5,056 83,294 3,020 5,524 298 4,380 117,803 23,230 4,838 40,722 2,175 25,305 1,586 121,952 13,163 70,255 7,304 31,939 1 , 0 4 3 , 1 6 7 315,119 16,395 72,046 2,888 13,019 318,299 4,303,664 237,097 193,177 356,444 127,241 40,320 55,850 43.768 74,961 116,538 873,486 20,330 55,285 83,294 5,374 116,563 20,058 40,714 24,780 85.769 47,306 991,250 309,974 71,336 312,749 14,451 111,026 10,555 7,024 17,074 589 8,618 127 9,654 15,110 2,521 1,426 93 2,435 1 , 0 4 7 339 92 028 101 819 180 649 16 785 27 615 19 298 110 214 190 732 38 ,155 14 876 11 ,676 66 ,835 ,004,351 82,520 98,715 178,874 16,785 25,906 19,298 107,983 186,205 35,346 14,869 1,675 65,759 11,977 1,246 506 1,296 59 1 ,570 2,201 3,089 3,543 20,703 1,447 1,386 11,832 10,849 9,270 20,28? 8,028 24,879 14,879 39,483 26,647 10,508 11,817 10,769 9,170 20,277 7,607 23,586 13,557 39,483 23,642 10,508 510,245 69,520 93,760 38,827 38,983 46,402 30,804 56,915 17,514 18,567 27,452 41,012 30,489 159 95 787 2,402 299 388,957 6 20,185 23,364 18,227 2,330 21 70,775 6 1,945 198 252,104 138 162,427 2,102 22,901 12,407 570 1,988 29 587 103 2,075 500 399 251 3,692 371 3 150 100 46 3 525 27 2,870 36,122 22,861 51,142 4,970 150 86 675 80 490 5,160 1,750 685 26,181 5 7,386 55 3,049 25 L695 14 1,296 4,000 59 500 11 2,750 420 95 1,307 781,059 1 4 , 3 6 8 , 9 4 9 4 6 , 7 5 8 078,364 1 , 0 7 0 , 2 8 0 3,448 347,696 3 , 3 0 6 , 2 1 7 9,355 691,995 1,628,534 1,117 708,376 1,624,792 357 870,626 838,036 10,622 684,095 658,295 6,693 546,178 2 , 4 9 0 , 2 2 6 2,427 616,209 587,462 686 757,164 751,524 814 310,728 2,742 305,326 217,481 185,130 6,857 952,147 1,640 923,127 ,671 349 ,759 227 4 ,313 15 30 ,050 121 62 ,167 418 82 ,602 213 20 ,920 341 12 ,960 257 52 ,687 232 27 ,587 129 4 336 186 2 ,304 318 22 ,780 214 27 ,053 J 3 RESERVE AND RESERVE CITY 1 AND OF COUNTRY BANKS IN EACH FEDERAL RESERVE DISTRICT L I A B I L I T I E S A N D C A P I T A L A C C O U N T S [In t h o u s a n d s of dollars] Bills payable and other borrowed money Acceptances outstanding Total liabilities Other liabilities Capital Surplus Undivided profits 2 , 7 8 1 , 8 0 8 3 , 9 6 9 , 5 7 2 1,601,946 Other capital accounts 201,322 981,804 122,590,409 25,237 185,067 26,189 118,277 4,793 828 680,931 21,862 483,164 18,120 9,385 2,426 6,437 37,987 6,165 6,775 1,857 3,449 83,304 52,851,318 1,235,341 59.187 2,163,931 614,672 24,820,150 58,432 2,513,131 40,330 2,028,116 7,300 388,766 15,700 833,099 182,800 7,834,642 34,225 1,271,599 12,500 785,868 18,900 1,000,265 28,400 1,007,099 162,895 8,204,652 108,416 2,499 4,270 12,887 3,074 6,541 1,998 1,787 2,390 3,003 14,924 507 3,550 2,074 208 2,927 1,562 1,041 762 4,580 1,337 23,176 6,552 1,862 4,905 18,627,201 720,602 866,993 1,994,351 741,075 502,700 334,671 289,423 364,581 742,121 2,513,126 157,119 503,038 512,257 54,130 565,938 328,991 397,054 147,761 1,051,886 358,648 2,834,551 1,070,858 362,350 1,212,977 383,939 20,015 23,900 85,600 13,831 7,200 7,200 6,000 7,400 10,283 33,600 2,800 9,900 7,400 850 8,560 000 7,700 2,600 24,000 5,550 52,000 15,200 6,750 17,600 532,672 27,045 33,460 126,150 23.599 17,400 7,100 11,000 11,000 16,357 59.600 3,000 16,350 15,600 829 12,140 8,150 7,630 3,950 23,120 7,185 52,007 20,700 7,200 22,100 220,898 5,174 10,360 34,999 8,705 3,179 4,937 1,994 2,766 6,734 19,067 1,318 4,204 4,178 333 8,620 8,405 4.959 907 10,381 2,573 37,512 26,661 1,924 2,204 5,156 5,828,062 438,828 362,101 942,329 77,541 250,321 40,854 639,932 817,283 129,890 95,129 107,847 413,131 109,985 146,576 9,500 8,000 28,800 3,800 4,750 650 19,100 16,527 3,940 2,000 4,000 14.250 60,334 3,882 2,285 11.087 526 2,799 522 7,058 12,619 1,419 449 1,237 24,143 660 1,012 2,563 571 1,805 1.150 2,475 1,000 1.250 1,690 1,544 1,625 685 830 869 875 660 4,302 1,184 1,633 1,217 625 30 566 484 247 249 2,945 466 3,031 563 109 310,469 122,223 237,957 186,638 146,136 95,800 87,612 147,698 54,783 47,477 59,433 62,843 61,869 587,616 55,952 106,163 67,462 53,157 36,382 29,805 80,990 30,768 26,445 35,764 29,121 35.607 172,782 22,714 34,365 14,181 9,896 12,679 8,922 28,441 8,066 8,609 7,938 11,567 5,404 25,200 37 7,157 830 316 20 5,000 21,657 12,841 21 286 103 129 5 1,097 5,701 46 138 235 3,393 1,036 483 160 7,750 100 2 774 1 25 2,000 323 224 4 86 429 1,799 861 827 127 315 5,750 12,420 1,340 3,185 1,960 800 1,465 35 225 1,350 175 1,285 2,048 2,723 1,159 227 347 5,101 3,314 455 487 23 80 276 1,581 185 600 165,796 20,139 41,585 12,749 13,540 11,747 10,548 21,853 6,036 6,582 3,894 5,552 11,571 18.900 10,025 16.600 3,260 1.600 1,000 1,350 2,700 1,000 1,300 1,700 5,750 3,400 7,500 1,850 950 122,012 46.230 9,600 19.558 214,547 26.725 23,000 16.985 28,900 160,735 733.098 29,409 443.098 40,147 15.136 7,140 51.972 22,259 6.978 14,925 13,305 82.920 21,061 3,324 15,208 counts 447.788 8,801,114 45,407 979,855 102,663 208,900 Total capital 167,057 17,719 51.056 10.727 6,698 1.502 5,428 50.668 1,142 13,378 83,806 1,069 24,081 3,953 11,431 2,038 6,744 5,183 1,207 10,792 2,244 232 1,092 5,287 308 250 Net demand deposits subject to reserve (see page 18) Demand deposits adjusted (see footnote on page 1) 80,209,758 72,151,898 All m e m b e r banks 115.351 38,521 208,978 317,726 20.444 231.318 108,394 24.211 47,826 499,987 84,330 48,365 52,541 71.747 419,928 657,492 454,964 879,436 616,783 .026,446 175,816 437,565 ,316,547 643,952 395,122 403,744 488,785 818,332 Reserve bank cities 1 1. Boston 2. N e w York 2 3. Philadelphia 4. Cleveland 5. R i c h m o n d 6. A t l a n t a 3 7. Chicago 2 8. St. Louis 9. Minneapolis 10. K a n s a s City 11. Dallas 12. San Francisco 221,315 11,989 408 53,303 547, 70,710 1.448, 270,830 524 50,088 368 30,187 255 21,376 184 21,467 234 21,166 523 34,142 1,397 123,698 112 7,331 367 30,525 362 27,793 40 2,012 382 32,204 238 25,054 284 22,327 95 8,008 756 58,316 243 16,190 1,531 148,263 663 62,144 255 18,481 759 65,700 351,716 392,962 458,332 263.553 454,696 258.613 223.092 135,027 175,545 399,724 ,246,483 79,233 235.078 254,383 31,596 330.142 189,735 198,261 85.866 670,259 208,769 470,955 646,289 226.202 716,921 Reserve branch cities 1 2. Buffalo 4. Cincinnati 4. P i t t s b u r g h 5. Baltimore 5. Charlotte 3 6. Birmingham 6. Jacksonville 6. Nashville 6. N e w Orleans 7. D e t r o i t 8. Little Rock 8. Louisville 8. M e m p h i s 9. Helena 10. Denver 10. Oklahoma City 10. O m a h a 11. El Paso 11. H o u s t o n 11. San Antonio 12. Los Angeles 12. P o r t l a n d 12. Salt Lake City 3 12. Seattle 341,038 23,042 18,597 61,350 4,826 14,543 1,954 37,275 51,033 8,927 4,299 6,237 28,626 20,897 10.450 19,389 123,410 299,739 587,666 394,471 313,341 217,037 193,235 384,148 142,965 124,685 152,508 160,257 153,358 26,036 61,421 21,364 36,414 60,472 282,291 151,406 207,047 43,095 49.393 O t h e r reserve cities 1 4. Columbus 4. Toledo 5. W a s h i n g t o n 7. Cedar Rapids 7. Des Moines 7. D u b u q u e 7. Indianapolis 7. Milwaukee 7. Peoria 7. Sioux City 8. National City 9. St. Paul 10. K a n s a s City, Kansas 10. Lincoln 10. Pueblo 10. St. Joseph 10. T o p e k a 10. Tulsa 10. Wichita 11. F o r t W o r t h 11. Galveston 11. W a c o 703,061 090,390 ,783,551 ,070,523 ,278,605 911,770 165,476 ,786,538 645,038 ,361,081 ,222,788 ,611,054 ,776,247 Country banks, by d i s t r i c t s 1. Boston 2. N e w York 3. Philadelphia 4. Cleveland 5. R i c h m o n d 6. A t l a n t a 7. Chicago 8. St. Louis 9. Minneapolis 10. K a n s a s City 11. Dallas 12. San Francisco 3,963,728 3,439,629 259,983 283,047 223.114 227,236 639,803 663,420 26,922 50,533 162,889 179.998 17,700 17,550 401.827 444.127 429,857 531,348 75.133 79,653 48,152 64.772 70.399 219,581 275,773 36,559 83,630 14.345 48,432 61.241 295,808 173,453 261,541 51,317 49.546 25,735 2,046 3,702 1,961 2,083 1,813 2,032 3.477 1.478 1,281 1,948 2,269 1,640 3 Includes figures for a b a n k with its head office in a nonreserve city, which has a branch in this reserve city; see c o n t e n t s page. 4 Cash items r e p o r t e d in process of collection were in excess of d e m a n d deposits other t h a n i n t e r b a n k a n d U n i t e d S t a t e s G o v e r n m e n t . Digitized FRASER Forfor other footnotes, see opposite page. Federal Reserve district numbers, and reserve cities H A L L M E M B E R BANKS—ASSETS A N D LIABILITIES A S S E T S [In thousands of dollars] Loans and investments Number of banks State Total, all States. N e w England: Maine New H a m p s h i r e . . . . Vermont Massachusetts Rhode Island Connecticut Middle Atlantic: N e w York New Jersey Pennsylvania E a s t N o r t h Central: Ohio Indiana Illinois Michigan Wisconsin West N o r t h Central: Minnesota Iowa Missouri North Dakota South D a k o t a Nebraska Kansas South Atlantic: Delaware Maryland District of C o l u m b i a . Virginia West Virginia N o r t h Carolina South Carolina. . . . . . . Georgia Florida East South Central: Kentucky Tennessee Alabama Mississippi West South Central: Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho Wyoming Colorado New Mexico Arizona Utah Nevada Pacific: Washington Oregon California Mutual Savings Banks1. Total Reserves, cash Obligations guaranteed by U. S. Government Obligations of States and political subdivi- 4,930 4,479,920 2,641,521 142,185 65,410 45,110 1,641,128 347,551 479,149 13 36 32 206 16 6,204 6,567 5,976 50,670 6,278 43,376 8,985 5,822 5,493 71,632 4,905 27,112 802 441 320 8,212 1,979 2,094 78,251 52,607 29,107 991,723 121,451 274,635 39,686 24,413 15,817 608,575 73,422 125,905 9 , 6 0 8 , 9 4 6 1 2 ,0 0 6 ,3 9 1 918,140 2 , 0 3 6 , 5 1 2 2,429,196 3,882,320 ,354 582 607 792,937 213,286 320,101 530,152 144,798 455,768 107,126 13,187 36,389 8.811.429 782,835 2.245.430 6,276,014 463,921 1,341,212 Loans (including overdrafts) U. S. Government direct obligations 95,616,170 36,060,317 52,148,672 Other bonds, notes, and debentures Corporate stock (including F. R. Bank stock) Total Reserve with Federal Reserve Banks 280,810 3 4 , 2 0 1 , 7 9 6 2 0 , 4 0 5 , 6 8 6 1 , 4 8 5 , 7 7 1 66 262,791 144,296 111,363 2,931,014 520,939 810,879 567 286 749 23,047,906 3,326,505 7,124,381 425 238 504 229 166 5,065,487 1,714,301 8,300,905 3,487,372 1,572,124 1,620,425 475,383 2,567,549 1,084,910 435,427 3,000,786 1,099,115 5,016,006 2,096,783 1,015,063 223 79 11 43 18 260,628 86,601 430,224 186,015 68,223 173,897 50,064 271,589 113,605 50,856 9,528 3,059 15,526 6,016 2,537 1,584,413 599,920 3,017,817 1,030,811 493,817 917,403 309,936 1,917,652 602,786 256,279 206 165 180 42 62 144 215 1,583,804 893,149 2,400,552 218,841 270,937 7 0 3 ,2 7 4 779,673 557,980 299,138 1,034,802 50,635 83,830 229,966 274,357 898,641 488,450 1,183,149 155,591 167,723 408,027 419,290 12 142 125 9 13 4 81 63,846 82,856 103,082 7,498 12,929 44,307 58,063 60,459 21,095 71,648 4,845 6,093 19,850 26,637 2,866 1,468 7,746 263 349 1,245 602,458 328,613 1,051,428 61,960 83,093 294,992 328,162 305,624 168,229 536,918 36,727 47,421 153,115 160,108 17 77 16 203 109 54 32 65 73 258,196 883,133 729,247 1,134,670 575,787 716,306 345,531 844,722 966,910 83,362 261,896 247,143 501,711 183,666 309,221 114,972 411,843 268,948 155,374 573,588 440,907 560,710 353,968 362,429 202,731 374,603 612,934 9,332 18,772 3,537 42,680 24,182 27,538 16,695 38,591 64,505 8,901 26,703 35,974 26,644 12,543 15,677 10,583 17,853 18,479 1,227 2,167 1,686 2,905 1,428 1,441 545 1,829 2,044 73,407 307,397 281,444 416,065 209,613 318,761 134,228 401,977 394,654 44,624 174,773 168,512 201,468 99,902 150.008 64,530 195,775 176,814 112 81 89 32 754,765 1,112,429 768,387 222,181 299,098 503,286 296,332 73,085 409,956 509,906 374,940 108,394 24,541 77,879 76,139 37,307 19,365 17,927 19,548 2,924 1,801 3,403 1,426 468 340,576 465,325 311,329 95,879 161,042 238,206 172,171 39,256 67 46 225 567 390,421 946,936 987,042 3,941,272 138,586 310,993 346,777 1,717,193 203,837 554,484 539,999 1,946,958 37,404 70,837 88,109 219,539 9,858 8,584 10,374 49,904 173,169 735 415,300 2,038 1,763 480,363 7,600 2 , 0 1 5 , 8 4 3 79,572 212,839 219,198 904,993 84 27 41 92 34 5 31 6 377,174 302,856 155,247 734,633 172,759 288,835 361,571 127,132 109,769 113,672 46,399 241,166 74,641 160,445 157,645 48,465 247,716 180,435 97,994 445,403 88,552 108,074 187,584 69,763 12,207 7,311 7,751 28,625 8,200 13,004 12,743 7,936 6,977 1,045 2,856 18,269 1,089 6,957 2,974 835 484 385 247 1,170 277 355 622 133 137,623 92,288 68,984 302,952 82,377 81,322 137,538 31,413 73,368 51,106 29,378 160.009 32,587 47,957 82,699 19,240 53 33 115 1,366,743 980,449 9,900,343 110,580 86,742 457,567 17,893 8,125 137,355 2,300 1,248 16,810 477,731 304,819 2,784,467 271,032 191,017 1,762,447 2,117 1,224 38 52 40 147 11 .. 15,650 104,602 66,020 54,432 1,159,166 160,226 259,132 7 20 4 28 2 3 21 573,500 662,470 347,785 536,549 4,644,456 4,644,034 11,101 1,120 STATES LOCATED IN TWO F E D E R A L R E S E R V E D I S T R I C T S — C O N D I T I O N Connecticut—Dist. No. 2. N e w Jersey—Dist. No. 2 . K e n t u c k y — D i s t . No. 4 . . . P e n n s y l v a n i a — D i s t . No. 4 West Virginia—Dist. No. 4 Louisiana—Dist. No. 6 . . Mississippi—Dist. No. 6. Tennessee—Dist. No. 6 . . I n d i a n a — D i s t . No. 7 Illinois—Dist. No. 7 . . . . Michigan—Dist. No. 7. . Wisconsin—Dist. No. 7 . . Missouri—Dist. No. 10.. New Mexico—Dist. No. 10 Oklahoma—Dist. No. 10 Arizona—Dist. No. 1 2 . . 1 17 199 58 208 13 32 20 67 175 353 188 125 46 11 212 4 226,288 2,740,155 237,697 2,625,449 82,178 747,294 184,140 687,390 1,487,075 7,750,847 3,354,425 1,422,714 828,053 102,521 969,608 248,239 79,229 131,777 767,585 1 , 6 6 7 , 1 3 6 81,294 139,311 921,361 1 ,4 1 2 ,2 2 7 32,530 41,073 242,108 447,406 59,728 89,775 267,046 354,986 397,651 968,249 2,421,421 4,685,645 1,045,740 2,016,180 393,022 918,750 330,020 423,198 46,025 50,397 339,677 532,341 146,521 85,386 12 540 287 3 28 35 6 31 18 35 20 6,732 177,892 10,945 83,129 5,455 50,553 31,756 49,581 75,647 382,238 176,993 62,118 49,376 4,890 85,725 9,057 These banks, two in Wisconsin and one in Indiana, are included in the figures for those States. 7,962 115,682 5,533 190,143 2,797 6,069 2,488 13,192 42,834 246,897 109,718 46,541 23,870 1,038 10,126 6,957 576 59,699 628,676 11,320 614 102,796 18,302 828,027 21,451 323 1,158 321,751 390 79,045 2,557 288,002 2,659 519,042 14,640 2 , 8 3 2 , 9 4 0 5,763 998,693 2,265 450,130 1,554 445,269 171 47,756 1,719 469,812 318 71,234 32,248 370,545 41,101 521,930 10,042 175,595 31,975 141,337 270,724 1,826,493 586,074 236,254 197,760 18,110 215,829 41,546 6,225 51,293 6,754 54,864 2,718 12,779 4,869 19,118 38,100 83,811 69,546 22,367 8,596 2,677 15,679 6,227 *5 OF BANKS O N D E C E M B E R 31, 1948, BY S T A T E S A S S E T S [In thousands of dollars] and bank balances 5,643,423 Other balances with banks in U. S. Balances with b a n k s in foreign countries 30,697 28,659 Cash items in process of collection 6,607,560 Bank premises, furniture, and fixtures 872,265 Other real estate owned 13,446 Assets indirectly representing real estate Customers' liability on acceptances Income accrued b u t not collected 58,445 179,504 237,105 1,318 335 1,310 450 118 331 8 836 804 15 286,385 69,895 555,856 182,092 84,377 48,699 13,006 36,819 24,628 11,781 2,298 205 1,174 4 397 143,940 38,429 273,203 4,446 5,355 51,700 16,453 7,022 4,747 16,991 1,166 1,540 5 ,0 8 2 4,403 10,602 58,698 45,139 88,044 24,168 84,914 19,181 110,537 63,491 1,605 9,309 12,868 14,202 5,853 6,535 2,589 10,757 14,228 86 259 309 207 40 20 375 606 57,744 71,540 27,521 8,384 5,408 12,631 7,341 2,633 24 591 175 23 16 55 661 20,063 81,353 45.900 283,419 2,731 9,604 6,050 48,907 44 288 6 2,715 30 108 325 3,321 13.901 10,703 4,038 37,739 2,028 9,649 21,899 4,232 2,325 2,768 945 2.904 1,658 2.905 2,380 1,062 10 4 83 144 136 75 103,985 60,584 645,055 10,646 13,376 87,663 16 263 621 1 150 15 216 1,389 5,715 942 70 44 60 19 1,405 150 352 68 75 862 223 3,721 352 93 2,851 10,216 3,327 22,473 8,673 2,562 3,619 1,458 7,311 2,750 2,876 6,715,062 2,332,159 11,393,929 4,555,739 2,083,524 422 4,755 935 4,220 676 684 1,213 763 2,606 372 4,957 45 342 690 856 2,205,583 1,230,325 3,481,307 282,688 356,598 1,005,260 1.114.023 623 1,872 903 1,420 298 1,938 436 1,859 2,531 128 2,430 935 2,084 1,002 1,492 279 973 993 334,727 1,204,360 1,027,006 1,569,652 793,434 1,045,205 483,104 1,260,696 1.380.024 1,282 513 1,045 239 1,102,662 1,595,285 1,092,093 321,030 1,354 96 1,135 211,342 41,150 84,791 439 135 50 307 179 316 1,115 33 6,730 180 50 159 17 1,995 2,063,770 95,306 412,318 1 32,372,877 4,166,103 9,490,519 104,742 427 4,649 18,212 100 120,832 3,116 10,899 5,372 1,895 4,842 3,578 296 1,551 270 248 1,106 70,136 9,558 14,825 1,118 1,831 1,706 1,360 31,640 7,635 13,043 18 132 617 702 18 739 165 37 277 1,970 18 3,987 2,490 482 2 3 60 6 106 529 112 1 16 1,160 656 4 ,350 753 674 1 1 707 129 149 132 21 87 362 1 157 8,423 1,664 1,235 1,337 49 1,360 1,737 1,818 26 4,009 282 7,084 277 3,295 1,340 3,992 257 1,468 832 2,542 566,929 1,381,008 1,476,240 6,025,676 993 26 148 1,828 1,119 6 451 69 150 54 1,512 45 1,158 465 206 518,184 398,098 225,382 1,043,920 257,144 375,697 502,975 160,265 2,888 3,724 33,307 1,492 2,341 12,981 1,859,833 1,305,192 12,862,937 161 222 940 24,282 131,391,523 344,078 198,814 142,124 3,999,245 652,430 1,100,378 25,415 439 28 10,106 9,339 3,716 218,411 18,734 49,218 Total assets 471 109 96 9,650 235 535 336 59 23 1,248 67 4 36 20 72 7 25 663 198 25 3 15 928 45 183 Other assets 152 483 19,453 17,827 58 State Total, all States New England: Maine N e w Hampshire Vermont Massachusetts R h o d e Island Connecticut Middle A t l a n t i c : N e w York N e w Jersey Pennsylvania East North Central: Ohio Indiana Illinois Michigan Wisconsin West North Central: Minnesota Iowa Missouri North Dakota South Dakota Nebraska Kansas South A t l a n t i c : Delaware Maryland District of Columbia Virginia W e s t Virginia N o r t h Carolina South Carolina Georgia Florida East South Central: Kentucky Tennessee Alabama Mississippi W e s t South C e n t r a l : Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho Wyoming Colorado N e w Mexico Arizona Utah Nevada Pacific: Washington Oregon California Mutual Savings Banks1 OF BANKS LOCATED IN F E D E R A L R E S E R V E D I S T R I C T S P E C I F I E D 9,978 122,034 50,080 120,799 6,360 66,589 34,268 86,549 145,685 392,394 161,830 109,474 101,296 25,606 191,338 14,360 259 16 276 30 216 971 ' 15 200 272 1,297 450 118 1,120 150 1,354 836 803 15 44 352 For footnote see opposite page. 11,239 84,528 4,845 129,187 2,301 66,557 7,933 40,798 64,253 528,109 179,990 81,902 136,453 1,213 4 5 ,6 1 2 8,749 4,519 32,229 2 ,4 5 2 34,559 559 7,558 2,303 9,116 10,502 33,114 23,559 10,600 5,926 960 5,852 2,687 545 4 44 288 23 591 7 654 159 32 5 143 6 136 4 1,525 16 1,481 96 1,133 1,160 277 403 325 222 28 427 167 3,991 49 1,097 33 6,730 180 50 19 282 307 8,440 117 6,466 131 2,641 20 1,413 3,172 21,944 8,640 2,304 1,098 161 1,340 1,119 94 1,554 93 1,256 103 1,214 193 658 1,245 6,983 2,681 2,808 964 32 824 1,126 290,939 3,413,551 343,175 3,497,449 104,422 1,084,737 265,773 988,267 2,021,172 10,654,345 4,389,497 1,888,915 1,281,737 151,573 1,448,049 324,763 Connecticut—Dist. No. 2 N e w Jersey—Dist. No. 2 K e n t u c k y — D i s t . No. 4 P e n n s y l v a n i a — D i s t . No. 4 W e s t Virginia—Dist. No. 4 Louisiana—Dist. No. 6 Mississippi—Dist. No. 6 Tennessee—Dist. No. 6 I n d i a n a — D i s t . No. 7 Illinois—Dist. No. 7 Michigan—Dist. No. 7 Wisconsin—Dist. No. 7 Missouri—Dist. No. 10 N e w Mexico—Dist. No. 10 O k l a h o m a — D i s t . No. 10 Arizona—Dist. No. 12 16 A L L M E M B E R BANKS—ASSETS A N D LIABILITIES L I A B I L I T I E S [In thousands of dollars] D e m a n d deposits Individuals, partnerships, and corporations State Total T o t a l , all S t a t e s . New England: Maine New H a m p s h i r e . . . . Vermont Massachusetts Rhode Island Connecticut Middle Atlantic: New York New Jersey Pennsylvania East N o r t h Central: Ohio Indiana Illinois Michigan Wisconsin West N o r t h Central: Minnesota Iowa Missouri North Dakota South D a k o t a Nebraska Kansas South Atlantic: Delaware Maryland District of Columbia Virginia West Virginia N o r t h Carolina South Carolina Georgia Florida East South Central: Kentucky Tennessee Alabama Mississippi West South Central: Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho Wyoming Colorado New Mexico Arizona Utah Nevada Pacific: Washington Oregon California Mutual Savings Banks1. United States Government States and political subdivisions Time deposits Banks United States Banks in foreign countries Certified and officers' checks, etc. Total Individuals, United PostpartnerStates al ships, and Govern- Savcorporaings ment tions States and political subdivi- 9 2 , 4 5 9 , 4 5 5 7 0 , 9 4 6 , 6 6 7 2 , 1 2 1 , 9 6 9 5 , 8 5 0 , 3 7 5 10,098,396 1 , 4 7 9 , 6 3 2 1 , 9 6 2 , 4 1 6 2 8 , 9 0 2 , 4 2 1 2 7 , 8 0 1 , 1 5 1 107,156 3 , 7 9 3 927,324 29,990 181,614 134,569 60,703 2,940,856 393,468 768,158 154,433 107,643 54,110 2,334,824 335,672 654,040 3,961 3,386 1,150 70,211 9,826 20,648 13,773 12,800 3,095 172,671 27,858 38,167 25,202,633 19,022,356 2 , 1 5 3 , 1 3 2 1,764,262 6,023,187 5,044,413 533,459 57,539 131,126 19,193 1,263 43 3,318 4,438 1,389 58,466 7,482 22,376 131,497 43,906 66,596 665,387 205,819 243,845 130.387 43,394 65,888 659,872 205,117 241,595 598 404 133 2,751 637 1,549 598,857 239,627 199,233 2,962,055 1,280,859 43,803 509 553,008 13,906 805,047 47,392 81,501 3,796,273 1,718,052 2,510,377 3,694,043 1,707,426 2,398,023 22,218 1,967 940 46,033 8,611 385 108,866 66,987 25,601 88,980 41,259 24,886 2,229,547 598,744 2,617,616 1,779,284 746,509 2,106,294 594,678 2,464,825 1,769,944 740,314 1,607 2,422 1,529 2,666 4,165 311 120,057 651 28 93 151,159 6,310 63 40 1,444 20,554 19,439 21,422 1,923 2,161 6,375 10,975 547,505 259,744 517,795 68,998 62,983 106,412 95,112 539,538 257,392 511,997 68,648 61,331 106,287 91,954 1,791 681 250 501 89 1,957 101 75 133 6 3 23 38 4,050 5,034 17,227 23,274 17,336 15,257 5,648 14,465 11,164 25,406 299,031 189,151 440,002 188,260 145,962 65,136 191,401 233,764 25,178 295,244 186,876 414,895 186,017 137,186 63,159 189,917 221,007 226 1,617 2,250 6,156 1,233 4,210 640 1,069 1,293 10 1, 25 165 18,434 30 665 8 4,237 7 1,030 47 347 66 10,353 6,111 6,302 959 285,491 11,367 32,884 6 20 3 144 50 25 506 88 572 2,524 15 676 4,061,186 1,600,095 8,063,879 2,512,378 1,210,345 3,332,240 1,236,337 6,127,282 2,011,817 946,340 140,739 35,876 253,817 118,782 45,233 238,967 198,582 416,734 186,695 75,469 278,482 103,638 1,150,281 149,181 117,965 1,511,810 898,926 2,757,629 200,492 276,234 838,540 960,567 1,020,751 633,865 1,818,787 178,920 231,447 631,061 690,814 31,465 27,422 62,630 4,415 6,199 14,325 14,471 160,363 114,336 143,976 6,545 27,496 43,293 159,454 276,284 103,864 706,302 8,689 8,931 143,485 84,853 273,490 822,353 769,744 1,009,458 542,210 829,707 393,007 988,051 1.058.473 237,148 647,325 680,175 754,240 409,295 571,102 313,756 688,983 792,030 25,914 19,469 19,784 21,516 19,417 16,146 7,746 18,970 12,013 2,147 66,502 99 74,624 55,731 100,317 49,442 89,456 133,611 4,231 82,787 47,969 135,580 40,431 126,885 16,415 176,127 107,288 889,563 1,181,856 809,897 242,988 671,802 758,278 601,379 162,613 11,801 15,254 14,149 3,509 38,230 115,746 116,895 40,089 159,413 279,343 69,878 35,161 74 276 8,317 13,161 7,320 1,616 140,181 319,607 211,364 60,491 138,668 310,695 208,777 59,782 768 3,285 1,323 704 16 199 17 457,126 1,092,734 1,283,906 5,136,364 344,462 697,246 924,028 3,753,869 6,270 13,793 26,038 58,729 41,533 180,682 168,264 424,988 59,784 177,117 146,420 769,943 9,146 676 6,575 5,077 14,750 18,480 122,260 76,223 214,645 97,988 544,540 75,367 209.388 92,901 447,599 520 681 203 7,600 25 211 70 3,841 95 3,170 370 86,530 410,518 301,119 177,358 787,611 211,294 281,996 358,482 98,436 316,568 236,050 142,971 644,226 154,318 222,590 261,862 77,232 5,867 3,896 2,748 17,881 3,090 3,541 3,084 1,787 55,800 51,192 18,084 40,630 39,913: 46,133 48,247 16,490 27,849 6,490 11,077 76,841 10,588 2,891 41,311 971 84,731 79,243 35,799 194,539 33,894 74,627 116,303 52,701 83,972 78,501 34,890 192,980 31,879 74,162 115,524 50,549 161 673 420 11 36 4,434 3,491 2,478 7,997 3,385 6,222 3,978 1,956 2,002 250 499 134 5 20 1.262.474 872,985 7,165,854 1,047,318 710,415 5,793,972 22,209 14,280 146,388 99,833 99,172 558,534 73,420 30,764 347,487 16,859 17,397 227,812 495,429 354,179 4,925,823 488,990 347,945 4,580,156 5,526 86 14,559 3,771 61 26,785 4,644 452 2,393 4,512 1 1,236 4,490 224 50 2,367 619 2,835 957 91,661 14 .. 101 112 7 17 5 12 2,009 486 4,924 94 1,148 11 1,130 674 2,236 307 586 18 472 229 1 210 190 2,018 504 19 15 6,038 362 326,441 16,227 STATES LOCATED IN TWO F E D E R A L R E S E R V E DISTRICTS—CONDITION Connecticut—Dist. No. 2 . New Jersey—Dist. No. 2 . . K e n t u c k y — D i s t . No. 4 . . . Pennsylvania—Dist. No. 4 West Virginia—Dist. No. 4 Louisiana—Dist. No. 6 . . Mississippi—Dist. No. 6 . Tennessee—Dist. No. 6 . . Indiana—Dist. No. 1 . . . . Illinois—Dist. No. 7 Michigan—Dist. No. 7. .. Wisconsin—Dist. No. 7 . . Missouri—Dist. No. 10. . New Mexico—Dist. No. 10 Oklahoma—Dist. No. 10 Arizona—Dist. No. 12 . . 1 178,049 1,712,754 252,463 2,250,535 54,831 849,730 197,690 702,871 1,384,739 7,583,270 2,446,445 1,115,160 1,102,506 116,268 1,259,985 244,925 148,684 1,417,797 226,597 1,913,593 39,969 523,317 125,510 465,976 1,065,851 5,770,939 1,957,949 865,603 632,752 73,588 906,115 193,600 6,936 43,796 3,121 57,247 4,578 10,630 2,736 10,721 32,298 246,001 116,722 41,933 13,742 2,301 25,855 3,148 9,101 166,330 16,705 57,319 5,892 152,335 34,362 78,459 174,901 384,631 178,321 68,276 42,864 28,391 163,498 39,554 197 42 139 4 274 189 803 2 410 147 545 33 ,843 137 707 90 141 1,069 ,461 148 ,761 115 , 2 6 8 400 ,968 9 ,605 145 ,926 2 ,815 509 'L839 9,146 61 26,785 4,640 452 762 676 619 5,131 90,941 42,183 1 , 4 6 3 , 6 0 4 65,908 1,766 859,873 30,734 34,543 1,982 175,711 6,757 53,532 1,239 10,008 225,317 522,326 21,487 85,453 2 , 4 0 2 , 3 8 1 40,052 1 , 6 9 0 , 6 8 0 658,549 23,628 11,418 112,136 27,864 2,383 95,804 17,915 5,189 62,881 These banks, two in Wisconsin and one in I n d i a n a , are included in the figures for those States. 90,787 1,455,952 65,504 831,743 33,956 170,613 52,826 216,470 518,402 2,281,981 1,681,687 652,593 111,786 25,852 90,734 62,416 71 1,379 17 233 681 701 3,285 2,410 1,506 2,643 4,161 78 2,000 200 250 68 6,236 356 195 25,712 5 447 60 3,692 1 197 2,225 621 8 39 118,845 8 6,041 35 1,214 15 202 11 95 5 1 3,161 210 [ 7 OF BANKS O N D E C E M B E R 31, 1948, BY S T A T E S L I A B I L I T I E S A N D C A P I T A L A C C O U N T S [In t h o u s a n d s of dollars] Bills payable and other borrowed money 45,407 Acceptances standing Other liabilities 201,322 9 8 1 , 8 0 4 Total liabilities Capital Surplus 122,590,409 2,781,808 3,969,572 Undivided profits 1,601,946 Other capital 447,788 314,508 179,018 128,281 3,664,094 604,545 1,017,833 10,540 5,860 4,832 99,779 15,570 29,312 11,168 8,398 4,828 151,940 22,620 34.347 6,730 4,303 2,836 53,857 5.331 15,100 1,132 1,235 1,347 29,575 4,364 3,786 Total capital accounts N e t dem a n d deposits subject to reserve (see page 18) Demand deposits adjusted (see footn o t e on page 1) 8,801,114 80,209,758 72,151,898 29,570 19,796 13,843 335,151 47,885 82,545 150,206 111,194 49,724 ,618,651 357,783 641,636 161,418 115,542 54,878 2,347,550 352,278 665,365 140 26,189 439 28 1,397 427 882 30,662 4,819 5,662 28,185 200 1,947 118,330 427 4,999 509,959 18,311 42,706 29,655,380 3,890,122 8,583,216 758,529 97,839 271,638 1,373,683 445,093 112,111 512,854 47,627 143,928 72,431 18,404 46,644 2,717,497 22,892,449 18,362,490 275,981 1 , 9 0 1 , 2 3 2 1 , 9 5 5 , 9 7 5 907,303 5 , 2 6 0 , 4 9 3 4 , 9 1 2 , 8 2 9 450 50 1,115 33 7,157 180 50 26,341 7,779 45,131 24,955 5,358 6,318,639 2,206,701 10,733,783 4,316,822 1,964,262 141,397 40,785 232,679 76,024 38,964 175,983 54,157 274,857 101,695 44,672 63,099 24,352 86,709 42,221 26,620 15,944 6,164 65,901 18,977 9,006 396,423 3 , 5 0 5 , 1 5 4 3 , 3 5 1 , 8 0 9 125,458 1 , 3 5 4 , 8 0 0 1 , 3 9 0 , 6 2 5 660,146 7 , 0 6 0 , 3 8 1 6 , 0 7 7 , 1 4 0 238,917 2 , 1 5 8 , 2 5 5 2 , 0 5 7 , 6 7 9 962,318 998,630 119,262 422 1 850 14,829 1,673 10,961 931 1,035 1.624 2,125 2,074,566 1,160,544 3,288,585 270,521 340,327 953,076 1,058,089 39,216 19,794 73,549 4,030 4,893 18,700 19,100 57,395 29,651 64,196 4,780 6,791 18,466 22,788 21,822 14,449 50,646 2,572 3,425 11,110 12,044 12,584 5,887 4,331 785 3,908 2,002 131,017 1 , 2 3 6 , 5 9 1 755,679 69,781 192,722 2 , 2 7 3 , 7 1 0 178,391 12,167 244,493 16,271 705,956 52,184 803,331 55,934 1,057,728 729,211 1,710,982 182,942 255,749 629.029 844,790 1 ,947 4,182 5,205 7,292 2,120 8,731 1,916 7,784 5,264 300,893 1,125,770 964,100 1,457,801 733,430 984,532 460,059 1,187,269 1,297,551 8,873 22,972 19,600 38,276 19,399 15,925 7,525 24,337 30,200 19,020 36,418 29.500 47,039 27,852 32,220 8,955 30.501 37,566 5,801 13,545 11,213 20,390 8,973 8,262 4,549 11,275 10,202 140 5,655 2,593 6,146 3,780 4,266 2,016 7,314 4,505 33,834 78,590 62,906 111,851 60,004 60,673 23,045 73,427 82,473 247,965 711,116 674,795 825,324 450,643 678,733 334,281 799,181 866,422 232,743 660,163 652,362 764,094 458,194 601,762 349,665 682,367 873,314 1,235 1,478 49 4,526 5,807 4,803 710 1,034,270 1,508,505 1,027,542 304,238 22,685 26,652 20,685 5,983 33,964 43.348 26,708 10,236 10,225 13,889 12,626 391 1,518 2,891 4,532 182 68,392 86,780 64,551 16,792 726,456 980,570 691,259 192,542 660,605 815,645 698,073 195,934 5,725 282 8,466 1,384 5,072 4,639 15,550 534,733 1,318,176 1,386,815 5,704,920 10,710 20,061 26,788 119,929 12,306 29,425 32,649 126,351 7,868 11,760 24,356 56,946 1,312 1,586 5,632 17,530 32,196 62,832 89,425 320,756 372,319 908,191 1,040,545 4,104,779 371,009 811,325 1,064,872 4,017,698 1,211 981 505 3,442 452 3,651 2,012 954 496,460 381,343 213,662 985,800 245,640 360,274 476,797 152,091 8,315 6,510 3,025 16,704 4,961 5,150 9,375 2,163 7,727 6,448 5,452 22,765 4,340 6,695 10,757 2,275 5,052 3,071 2.332 14,217 365 2,569 4,647 3,707 630 726 911 4,434 1,838 1,009 1,399 29 21,724 16,755 11,720 58,120 11,504 15,423 26,178 8,174 175 626 572 724 706 930 975 116 362,901 280.030 159,495 655,114 195,588 265,296 292,188 91,446 6.625 6,929 110,543 1,764,688 1,234,576 12,225,562 27,220 17,510 237,245 33,976 24,171 241,289 21,579 23,441 137,060 12,370 5,494 21,781 95,145 70,616 637,375 1,084,003 775,657 6,247,414 1,060,025 766,400 5,935,263 100 100 1,000 25 2,000 200 1,350 100 75 6,500 285 50 75 900 840 16 129 149 132 160 483 22,742 52 1,162 15 16,293 353 265 141 657 166 255 308 89 1,534 State T o t a l , all S t a t e s New England: Maine N e w Hampshire Vermont Massachusetts R h o d e Island Connecticut Middle Atlantic: N e w York N e w Jersey Pennsylvania E a s t N o r t h Central: Ohio Indiana Illinois Michigan Wisconsin W e s t N o r t h Central: Minnesota Iowa Missouri North Dakota South Dakota Nebraska Kansas South Atlantic: Delaware Maryland District of Columbia Virginia W e s t Virginia N o r t h Carolina South Carolina Georgia Florida East South C e n t r a l : Kentucky Tennessee Alabama Mississippi W e s t South C e n t r a l : Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho Wyoming Colorado N e w Mexico Arizona Utah Nevada Pacific: Washington Oregon California Mutual Savings Banks1 OF BANKS LOCATED IN F E D E R A L R E S E R V E D I S T R I C T S P E C I F I E D 268,990 3,176,358 318,371 3,110,408 89,374 1,025,441 251,222 928,188 1,907,065 9,985,651 4,137,125 1,773,709 1,214,642 144,132 1,355,789 307,806 200 350 25 2,000 50 28 427 183 5,707 49 1,097 33 7,157 180 50 20 282 1,848 15,441 713 16,654 502 4,087 651 3,574 6,725 43,647 24,766 4,887 2,309 415 4,587 3,326 For footnote see opposite page. 270, ,866 3, ,192, ,426 319, ,084 3,,127. ,245 90;,226 1 ,035:,235 251 ,922 932 ,859 1 ,913 ,823 10 ,036 ,455 4 ,162 ,096 1 ,780 ,646 1 ,217 ,021 144 ,547 1 ,360 ,658 311 ,132 7,856 77,483 8,350 116,245 4,290 15,154 4,863 18,240 34,582 219,390 72,024 34,914 22,945 3,181 26,078 4,900 8,415 91,804 10,938 175,770 6,785 22,775 8,608 26,469 46,996 258,461 97,194 40,310 21,134 2,706 31,892 5,695 2,796 38,785 3,988 50,962 1,770 10,029 261 8,983 20,586 78,001 39,674 24,711 18,297 89 23,989 2,127 1,006 13,053 815 27,227 1,351 1,544 119 1,716 5,185 62,038 18,509 8,334 2,340 1,050 5,432 909 151,677 20, ,073 156,832 221, ,125 1,506,192 1 , 5 4 1 , 7 8 2 240,223 197,538 24, ,091 370, ,204 2 , 0 0 0 , 5 4 9 1 , 8 7 2 , 4 5 9 46,170 45,542 14,,196 615,852 716,584 49, ,502 153,178 ,851 155,489 13. 513,645 55:,408 575,524 107 ,349 1 , 1 7 5 , 0 0 5 1 , 1 9 7 , 9 8 6 617 ,890 6 , 6 6 2 , 7 6 7 5 , 7 1 2 , 9 1 4 227,,401 2 , 1 0 4 , 6 2 5 1 , 9 9 6 , 3 3 2 875,605 924,179 108 ,269 550,581 864,757 64 ,716 103,149 7 ,026 89,449 1 , 0 41,916 ,391 1 , 0 2 3 , 0 3 5 87 229,594 221,816 13 ,631 Connecticut—Dist. No. 2 New Jersey—Dist. No. 2 K e n t u c k y — D i s t . No. 4 Pennsylvania—Dist. No. 4 West Virginia—Dist. No. 4 Louisiana—Dist. No. 6 Mississippi—Dist. No. 6 Tennessee—Dist. No. 6 I n d i a n a — D i s t . No. 7 Illinois—Dist. No. 7 Michigan—Dist. No. 7 Wisconsin—Dist. No. 7 Missouri—Dist. No. 10 N e w Mexico—Dist. No. 10 Oklahoma—Dist. No. 10 Arizona—Dist. No. 12 i8 A L L M E M B E R BANKS—RESERVE POSITION O N D E C E M B E R 31, 1948 [In thousands of dollars] Gross demand deposits All m e m b e r b a n k s Net Deductions demand allowed i n deposits computing1 subject to reserves reserve Reserves with Federal Reserve Banks Time deposits Total2 Required 3 92,459,455 12,249,697 80,209,758 28,902,421 20,405,686 19,271,729 Central reserve city banks 27,604,748 2 ,554,723 25,050,025 2,711,947 6 ,967,919 Excess Ratio of total reserves to net demand plus time deposits (per cent) Ratio of required reserves to net demand plus time deposits (per cent) 1,133,957 18 .7 17.6 6,716,403 251,516 25 .1 24.2 Reserve city banks 34,533,468 5 ,108,746 29,424,722 11,409,415 7 ,701,339 7,329,145 372,194 18 .9 17.9 Country banks 30,321,239 4 ,586,228 25,735,011 14,781,059 5 ,736,428 5,226,181 510,247 14 .2 12.9 All member banks, by districts: Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 4,301,319 528,957 3,772,362 1,266,109 855,570 27,093,436 2 ,537,963 24,555,473 5,350,818 6 ,678,807 4,486,520 583,571 3,902,949 1,930,358 957,282 6,619,015 869,604 5,749,411 3,189,871 1 ,490,476 4,311,648 682,926 3,628,722 1,292,999 849,151 4,606,712 802,253 3,804,459 1,091,089 893,667 13,428,540 1 ,806,285 11,622,255 5,533,680 3 ,087,774 3,969,597 639,899 3,329,698 949,057 773,192 2,560,172 419,441 2,140,731 940,781 499,877 5,242,835 957,011 4,285,824 667,666 934,309 5,535,386 1 ,110,119 4,425,267 603,434 966,494 10,304,275 1 ,311,668 8,992,607 6,086,559 2 ,419,087 802,078 6,394,747 885,761 1,379,094 786,481 796,866 2,951,893 715,010 464,618 876,061 882,656 2,336,464 53,492 284,060 71,521 111,382 62,670 96,801 135,881 58,182 35,259 58,248 83,838 82,623 17 .0 22 .3 16 .4 16 .7 17 .3 18 .3 18 .0 18 16 .2 18 .9 19 .2 16 .0 15.9 21.4 15.2 15.4 16.0 16.3 17.2 16.7 15.1 17.7 17.6 15.5 Central reserve city banks: New York Chicago 22,313,141 5,291,607 1,710,933 5 ,642,777 1,001,014 1 ,325,142 5,415,453 1,300,950 227,324 24,192 25 .6 23 .2 24.6 22.8 393,736 135,754 445,090 917,589 431,019 420,367 903,645 432,254 202,757 541,035 503,252 2,002,647 20,317 9,143 10,002 57,257 19,409 55,178 41,874 28,618 7,365 22,097 37,545 63,389 21,.6 17..9 20..9 18..9. 20..1 21. 8 17. 5 21. 1 20. 2 20. 9 21. 3 16. 5 20.6 16.8 20.4 17.8 19.3 19.3 16.7 19.8 19.4 20.1 19.8 16.0 408,342 843,540 440,671 461,505 355,462 376,499 747,298 282,756 261,861 335,026 379,404 333,817 33,175 47,593 61,519 54,125 43,261 41,623 69,815 29,564 27,894 36,151 46,293 19,234 14. 1 12. 6 13. 7 13. 6 14. 9 15. 4 13. 6 14. 9 14. 2 16. 4 17. 1 13. 6 13.1 12.0 12.1 12.2 13.2 13.9 12.4 13.5 12.8 14.8 15.3 12.9 1 ,978,015 20,335,126 576,708 4,714,899 Reserve city banks, by districts: Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 1,928,135 202,429 595,328 77,875 2,251,818 309,942 4,177,006 511,202 2,135,166 319,978 2,134,488 362,476 4,050,528 620,264 2,205,401 354,082 1,057,073 198,048 555,665 2,893,233 2,697,451 541,516 8,407,841 1 ,055,269 1,725,706 187,745 414,053 517,453 292,189 144,897 1,941,876 238,363 455,092 3,665,804 1,481,495 974,846 1,815,188 422,373 450,428 1,772,012 406,994 475,545 3,430,264 1,986,488 945,519 1,851,319 332,848 460,872 859,025 183,617 210,122 2,337,568 356,938 563,132 2,155,935 385,953 540,797 7,352,572 5,134,412 2 ,066,036 Country banks, by districts: Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 2,373,184 4,184,967 2,234,702 2,442,009 2,176,482 2,472,224 4,086,405 1,764,196 1,503,099 2,349,602 2,837,935 1,896,434 2,046,656 1,078,364 3,702,894 3,347,696 1,961,073 1,691,995 2,083,607 1,708,376 870,626 1,813,534 2,032,447 684,095 3,477,092 2,546,178 1,478,379 616,209 1,281,706 757,164 1,948,256 310,728 2,269,332 217,481 1,640,035 952,147 326,528 482,073 273,629 358,402 362,948 439,777 609,313 285,817 221,393 401,346 568,603 256,399 441,517 891,133 502,190 515,630 398,723 418,122 817,113 312,320 289,755 371,177 425,697 353,051 1 Demand balances with banks in United States, except private banks and American branches of foreign banks, plus cash items in process of collection. War loan and series E bond accounts were also exempt from reserve requirements and were, therefore, deducted in computing net demand deposits subject to reserve for the December 1943-December 1946 call dates shown on page 2. The difference between the figures shown in this column and the figures shown against the corresponding captions under "Assets" is accounted for by an excess of allowable deductions over gross demand deposits at a number of banks. 2 As reported by member banks. These figures differ from those shown by the Federal Reserve Banks' books because of a lack of synchronization 3of entries on the books of the Federal Reserve Banks and the member banks. 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. Pursuant to the provisions of law, the Board of Governors of the Federal Reserve System prescribed the following requirements as to reserves to be maintained by each member bank effective September 16, 1948 at Country banks and September 24 at other classes: Time deposits—7^ per cent for all member banks; Net demand deposits—26 per cent for Central reserve city banks, 22 per cent for Reserve city banks, and 16 per cent for Country banks. STATE MEMBER BANKS—ASSETS AND LIABILITIES ON DECEMBER 31, 1948, BY FEDERAL RESERVE DISTRICTS [In thousands of dollars] Federal Reserve district Total Boston New York Philadelphia Cleveland Rich- ASSETS 31,770,955 1,225,308 14,958,839 1,684,137 2,831,789 1,432,656 Loans and investments 12,308,426 444,729 6,283,007 Loans (including overdrafts) 580,958 935,003 590,418 17,299,029 725,457 7,893,874 918,328 1,660,920 United States Government direct obligations 753,983 2,077 168 Obligations guaranteed by United States Government 984 255 342 8 1,294,380 21,381 117,991 Obligations of States and political subdivisions 444,730 106,803 39,755 745,949 29,129 261,784 Other bonds, notes, and debentures 66,945 111,520 44,410 4,444 Corporate stocks (including Federal Reserve Bank stock) 121,094 74,460 6,013 10,848 4,082 349,275 5,614,318 553,878 843,039 11,227,597 Reserves, c a s h , a n d b a n k b a l a n c e s 557,332 206,369 7,048,744 3,880,975 498,407 Reserve with Federal Reserve Banks 337,863 297,512 27,490 460,619 148,337 Cash in vault 64,284 26,262 34,166 Demand balances with banks in United States (except private 60,517 1,340,321 banks and American branches of foreign banks) 184,234 74,181 144,216 99,350 7,857 305 3,389 1,157 219 838 133 12,388 10,344 5 92 27 Balances with banks in foreign countries 54,461 2,357,668 1,387,039 114,410 135,202 126,058 Cash items in process of collection 1,057 1,057 300,989 17,621 146,367 22,489 Bank premises owned and furniture and fixtures 24,687 18,962 84 3,988 1,146 194 255 396 Other real estate owned Investments and other assets indirectly representing bank premises 1,049 4,167 3,677 14,651 1,920 2,032 1,221 50 66,416 59,652 109 228 85,093 3,202 50,079 4,819 5,923 3,151 Income accrued but not yet collected 1,303 40,742 14,799 4,503 2,493 4,388 Other assets Atlanta 492,299 224,998 222,309 6 37,375 5,666 1,945 212,676 99,463 13,877 Chicago St, Minneapolis Kansas City Dallas San Francisco 4,242,384 1,320,807 352,500 654,106 435,563 2,140,567 1,250,727 579,928 118,530 266,841 180,823 852,464 2,557,700 652,201 211,527 324,623 213,168 1,164,939 76 117 42 4 75 288,411 43,813 14,779 52,487 37,863 '88^992 139,041 39,298 7,138 9,029 2,721 29,268 6,429 5,450 484 1,122 913 4,904 1,272,042 529,530 108,604 306,275 217,347 663,281 774,458 278,334 60,393 141,727 90,359 382,884 73,668 20,139 6,093 8,236 13,318 24,749 70,000 55 5 29,276 255,858 688 140 167,230 110,824 111 14 120,108 34,340 6,946 254 25,626 48 9,393 943 1,382 8 3,221 88 5,195 401 19,100 171 580 827 1,279 1,532 403 7,762 3,105 9 195 2,192 3,927 118 399 189 844 1,680 1 18 240 337 146 3,960 5,655 2,739 1 7,777 85,062 100,638 170 72 35 46 71,045 12,914 121,101 853 1,546 132,148 43,511,488 1,599,063 20,850,424 2,273,949 3,710,273 2,018,885 714,861 5,552,902 1,866,996 463,082 966,332 659,102 2,835,619 Total assets LIABILITIES D e m a n d deposits Individuals, partnerships, and corporations United States Government States and political subdivisions Banks in United States Banks in foreign countries Certified and officers' checks, cash letters of credit, and travelers' checks, etc Time deposits Individuals, partnerships, and corporations United States Government Postal Savings States and political subdivisions Banks in United States Banks in foreign countries Total deposits Due to own foreign branches Bills payable, rediscounts, and other liabilities for borrowed money.. . Acceptances outstanding Dividends declared but not yet payable Income collected but not yet earned Expenses accrued and unpaid Other liabilities Total liabilities CAPITAL ACCOUNTS Capital Surplus Undivided profits Other capital accounts Total capital accounts Total liabilities a n d capital a c c o u n t s Net demand deposits subject to reserve (see page 18) Demand deposits adjusted (see footnote on page 1) Pledged assets (and securities loaned) Number of banks 30,645,785 1,023,935 15,984,922 1,616,139 2,091,393 1,435,137 534,897 3,202,178 1,422,663 307,283 812,506 562,733 1,651,999 876,160 12,232,344 1,424,689 1,787,019 1,092,570 395,285 2,596,403 1,010,940 246,742 536,442 459,068 1,357,917 24,015,579 21,891 352,030 50,070 741,325 31,517 67,157 8,458 126,283 33,819 5,120 10,657 4,621 29,702 64,425 1,375,537 425,717 49,360 99,028 116,022 68,979 214,930 69,839 37,397 75,380 65,745 88,715 29,007 1,763,033 3,053,549 76,714 107,222 172,503 55,476 204,408 295,276 14,524 182,436 24,356 128,594 1,373 730,628 702,743 90 1,888 1,663 186 1,591 2,927 4 419 17,454 290 31,079 729,167 509,055 15,216 29,079 20,862 6,513 58,563 9,862 3,496 7,172 29,617 8,653 432,739 2,798,364 445,525 1,374,223 434,788 131,935 2,041,335 324,479 132,092 99,043 61,008 1,033,723 9,309,254 432,014 2,753,223 421,701 1,325,085 9,087,050 419,949 128,209 2,016,800 321,405 130,624 98,380 57,654 982,006 386 17,243 9,124 275 631 4,590 309 597 1,094 169 30 15 23 75 1,088 10 34 146 162 35 554 18 29 7 7 11 194 24,550 189,308 23,137 48,407 9,757 2,545 23,110 1,957 1,270 526 3,307 50,548 70 5,227 2,119 22 310 330 837 274 5 100 25 1,135 9,338 9,338 39,955,039 1,456,674 18,783,286 2,061,664 3,465,616 1,869,925 666,832 5,243,513 1,747,142 439,375 911,549 623,741 2,685,722 20,011 20,011 200 4,077 350 765 237 750 25 1,300 100 350 1,221 67,117 73,994 50 109 580 228 410 195 18 4,066 822 19,757 12,619 1,481 755 542 615 1,113 561 62 173 257 757 3,290 50,760 18,699 3,337 3,474 5,101 7,185 1,283 215 2,329 468 206 5,173 6,355 47,420 102,008 6,698 6,143 9,904 9,441 1,299 3,958 314 1,311 843 8,322 1,751 142,215 124,807 1,739 1,613 4,968 330 3,292 1,037 21 284 32 2,341 40,367,861 1,470,313 19,074,309 2,075,206 3,483,967 1,885,926 670,939 5,264,979 1,756,522 440,087 914,135 625,097 2,706,381 957,599 1,463,927 593,964 128,137 39,543 52,063 20,989 16,155 510,312 882,333 340,515 42,955 56,815 99,605 34,218 8,105 75,246 104,388 36,825 9,847 40,031 65,152 20,022 7,754 13,921 21,485 6,554 1,962 86,018 109,434 59,102 33,369 43,424 40,256 24,294 2,500 8,177 8,018 5,554 1,246 3,143,627 128,750 1,776,115 198,743 226,306 132,959 43,922 287,923 110,474 22,995 18,120 17,008 14,848 2,221 13,385 12,733 6,663 1,224 52,607 51,452 24,380 799 52,197 34,005 129,238 43,511,488 1,599,063 20,850,424 2,273,949 3,710,273 2,018,885 714,861 5,552,902 1,866,996 463,082 966,332 659,102 2,835,619 26,949,072 23,762,615 2,827,567 1,927 909,116 14,413,649 1,427,548 1,811,975 1,209,729 435,621 2,779,689 1,191,731 265,166 656,399 449,181 1,399,268 917,203 11,780,077 1,374,855 1,779,924 1,103,396 441,501 2,702,666 970,533 279,858 547,949 520,552 1,344,101 75,558 892,319 300,674 327,464 238,805 101,645 280,915 56,615 111,259 79,633 135,602 227,078 45 251 89 67 441 235 139 172 130 131 145 82 CONTENTS Assets and Liabilities: PAGE Of All Member Banks April 11, 1949, December 31, 1948, and April 12, 1948 1 Of All Member Banks on Selected Call Dates, 1944-1949 2 By Class of Bank 3 By Federal Reserve Districts 4-5 Assets and Liabilities of Member Banks in Each Central Reserve and Reserve City and of Country Banks in Each Federal Reserve District Assets and Liabilities of Member Banks, by States 6 9 10-13 Reserve Position by Class of Bank and Federal Reserve Districts 14 Assets and Liabilities of State Member Banks, by Federal Reserve Districts 15 These statistics are tabulated from condition reports submitted by member banks following each official call, a minimum of three of which are required by law each year. The Comptroller of the Currency tabulates the national bank reports and publishes the results in the Abstract of Reports of Condition of National Banks. The Board of Governors of the Federal Reserve System tabulates the reports of State member banks and publishes the combined statistics of national and State member banks in the Member Bank Call Report. Member banks are classified according to their reserve requirements as central reserve city banks, reserve city banks, or nonreserve city ("country") banks. A member bank that has an office in a central reserve city is classified as a central reserve city bank; a member bank that has an office in a reserve city, but not in a central reserve city, is classified as a reserve city bank; a member bank that does not have an office in a reserve or central reserve city is classified as a country bank. However, some banks in outlying sections of central reserve cities have permission to maintain the reserves required of reserve city banks or country banks; and some banks in outlying sections of reserve cities have permission to maintain the reserves required of country banks. Condition reports of member banks are tabulated in accordance with the reserve classifications of the banks. Since a member bank that has two or more offices, whether in the same city or in different cities, submits a consolidated condition report, the report is tabulated according to a single location (that of the bank's head office, unless it has a branch in a city where banks are subject to higher reserve requirements). The comparability of figures for succeeding call dates is affected somewhat by changes in Federal Reserve membership, mergers, etc., and by changes in the reserve classification of cities or individual banks. FEDERAL RESERVE SYSTEM BOUNDARIES OF F E D E R A L R E S E R V E DISTRICTS AND T H E I R BRANCH T E R R I T O R I E S MINNEAPOLIS ) r Detroit ,'So/f L oke < x c/s Oeeha co TuEVEt-AND CHICAGO 1 V 1 °»nver KANSAS CITY tto. Louisville / ST. LOUIS Nashville Oklahoma City Charlotte II Little Rock > l'lB'mi-"aMAATL.ANTA^ DALLAS| \EI Pa«o S535 BOUNDARIES OF FEDERAL RESERVE DISTRICTS BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES • BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM • FEDERAL RESERVE BANK CITIES • FEDERAL RESERVE BRANCH CHTES New Orleans l So# Antonio > OCTOBER A 1*48 BOARD OF GOVERNORS OR THE FEDERAL RESERVE SYSTtU.