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FE D ER A L R E S E R V E BANK O F N E W YORK
r Circular N'o. 4 7 2 0 i
L
M arch 27, 1959
J

O perating R atios o f M em ber Banks in the S econ d F ederal
R eserve D istrict fo r the Y e a r 1 9 5 8
To all Member Banks in the Second Federal Reserve D istrict:

The 1958 average operating ratios o f the Second
District member banks are presented in this circular
fo r your information. In order to help you in com­
paring the performance o f your bank with that of
others o f similar size, the banks in the Second District
have been classified into seven deposit-size groups, and
banks outside New York City1 have been further sub­
divided according to their ratios o f loans to total
assets. You may wish to enter the ratios o f your bank
in the appropriate blank column at the end o f each
size-group. It should be noted that all o f the ratios
are expressed in percentages, and are arithmetical
averages of the ratios of the individual banks in each
group, while all o f the ratios presented in this Bank’s
recent release entitled “ Earnings and Expenses of
Second District Member Banks in 1958” are based on
the aggregate dollar figures.

banks in New York City, on the other hand, being
more sensitive to the changes in the money market,
had to shade their rates on loans. Loan rates were off
by as much as 31 basis points for Group V I banks,
while the larger banks outside New York City were
actually able to lift rates by 4 basis points.
SELECTED O P E R A T IN G

R A TIO S

OF S E C O N D DISTRICT M E M S E t B A N K S

1 9 S 7 A N D 195#

V/A 1 9 5 7

The net profits o f all Second District member banks
rose to 7.4 per cent o f capital accounts in 1958 from
6.6 per cent in 1957, but Group I and Group V I banks
showed a decline. The banks in Group V II raised their
rate o f return on capital to 9.7 per cent in 1958 from
7.8 in 1957, thus achieving a bigger improvement than
any other group o f District member banks. The higher
return on capital in 1958 may be traced primarily to
the profits obtained from securities sales; in contrast,
banks incurred losses from such transactions in 1957.
A ll groups of Second District member banks re­
corded lower net current operating earnings, both as a
percentage o f total earnings (ratio 20) and as a per­
centage of capital accounts (ratio 1). Generally, the
decline in these ratios reflected a more rapid rise in
operating expenses than in earnings; in particular,
the smaller banks in New York City and all groups
outside New York City had significant increases in
total operating expenses.
O p e r a t in g E a r n in g s

Total current operating earnings of Second District
member banks increased only slightly in 1958, to 3.95
per cent of total assets in 1958 from 3.92 in 1957. The
smaller banks in New York City and all bank groups
outside New York City recorded gains in operating
earnings, but banks in New York City with deposits of
$100 million and over (Groups V I and V I I ) showed
declines. These divergent trends may be primarily
explained by the fact that the bigger banks in New
Y ork City invest a larger proportion o f their total,
assets in loans, earnings on which fell in 1958. F u r­
thermore, most o f the bank groups outside New York
City were able to hold rate charges on loans (ratio 28)
relatively close to those prevailing in 1957. The bigger

f l at i e B i f l ib ir
1. N e t c t » » n l • o r n i n g t b e f o r e i n c o m e
t a x e s t o t o t a l c a p i t a l a cc ou nt s
2 . P r o f i t s b e f o r e i n c o m e t a a e s t o t ot al
cap it a l accounts

3. N e t p r o f i t s t o t o t a l c a p i t a l a c c o u n t s

4. C a s h d i v i d e n d s d e c l a r e d t o t o t a l
c a p it a l accou nts

3 9 . R a t e p a i d o n t i m e d e po s i t s

1 N ew Y o rk C ity banks includ e o n ly those banks w hich have
th eir m ain office located in M anhattan.




Y 1958
//A

The proportion o f operating earnings derived from
securities investments by the Second District member
banks rose slightly to 27.5 per cent in 1958 from 27.3
in 1957. This rise may be traced in part to an increase
in the size of the securities portfolios of most of the
banks, which was particularly pronounced for Group
V II banks.
Moreover, the rate of return on securities other than
on United States Government obligations rose to 2.56
per cent in 1958 from 2.44 in 1957, with the widest
gains being achieved by the bank groups outside New
York City. Nevertheless, the New York City banks
continued to show a higher average rate o f return on
other securities than did the banks in the rest o f the
District. F or the latter, the investment in other securi­
ties as a percentage of total assets ranged from 10.7
per cent to 13.7, compared with a range o f from 5.9 to
7.1 for the three groups of banks in New York City.
In contrast to earnings on “ other securities” , rates
o f return on United States Government securities were
off for all District member banks, though by only a
small margin. Such rates declined to 2.55 per cent in
1958 from 2.57 in 1957; however, individual bank
groups showed divergent changes in this respect.
Earnings derived from service charges on deposit
accounts, as a percentage o f total earnings, rose more
for the smaller banks in and outside New York City
than for all member banks in the District. F or the
District as a whole, this proportion rose to 7.4 per
cent in 1958 from 7.3 in 1957. Group I banks (the 49
banks outside New York City with deposits of less
than $2 million) raised their earnings derived from
service charges on deposit accounts as a percentage
of total earnings to 6.3 per cent in 1958 from 5.8 in
1957, and the Group V banks (banks in New York
City with deposits under $100 million) showed an
increase in this earnings ratio to 8.7 per cent in 1958
from 7.9 in 1957.
As in previous years, income from trust depart­
ments remained an insignificant source o f income for
most of the banks outside New York City. F or Group
V I banks in New York City, income from trust de­
partments declined to 17.1 per cent o f total earnings
in 1958 from 18.9 per cent in 1957, while for
Group Y II banks the income from trust departments
accounted for 8.9 per cent o f total earnings in 1958
as compared with 8.6 in 1957.
O p e r a t in g E x p e n s e s

Total operating expenses o f Second District member
banks rose to a post-World W ar II peak in dollar
amounts and in terms o f the ratio o f total expenses
to total earnings, but the rate o f increase was smaller
than that from 1956 to 1957. Salaries and wages con­
tinued to increase in dollar amount, but relative to
total earnings they were slightly lower than in 1957.
The major increase in operating expenses occurred
in interest paid on time deposits, as indicated in the
accompanying charts. Such interest rose to 25.4 per
cent o f total earnings in 1958 from 22.6 in 1957. Ten
years ago, interest on time deposits o f District mem­
ber banks absorbed only 14.0 per cent o f total earnings.
One factor contributing to the rise in interest costs
on time deposits was the sharp increase in rates paid



on such deposits in 1958, to an average rate o f 2.24
per cent in 1958 from 2.08 in 1957 (ratio 39). The
large banks in New York City (Groups V I and Y II)
raised their rates relatively more than any other
group. A slight rate decline occurred in Group V
banks. W ith the exception o f Group I, the banks out­
side New York City with a loan-to-asset ratio o f 50
per cent or more (subclassification D ) also paid the
highest rates on time deposits.
Another factor contributing to the growth in the
ratio o f interest paid on time deposits to total earnings
was an increase in the time deposits held by the Dis­
trict member banks to 48.0 per cent o f total deposits
in 1958 from 45.8 in 1957. The largest relative growth
in time deposits occurred in New York City banks.
However, it should be noted that the New York City
banks still have a much smaller ratio o f time to total
deposits than other District banks. The highest ratio
of time to total deposits was for Group III, D banks
(54.9 per cen t), which also paid one of the highest
average interest rates on these deposits— 2.34 per cent.
Last year a total o f 282 banks had a ratio o f time to
total deposits o f 50 per cent or more, compared with
237 banks in 1957.
N o n r e c u r r in g I t e m s

As already indicated, securities transactions in 1958
yielded substantial profits and were the most impor­
tant factor responsible fo r the increase in the ratio
of net profits to total earnings (ratio 24) o f Second
District member banks to 15.4 per cent in 1958 from
14.2 in 1957. A ll groups o f banks indicated securities
profits in 1958, as against losses in 1957; for all Dis­
trict member banks net profits on securities trans­
actions amounted to 0.29 per cent of total securities
holdings in 1958 as compared with a 0.25 per cent loss
in 1957. The change from losses to profits was most
marked for Groups V I and V II banks; the latter
group also showed the widest gains in the ratio o f net
profits to total assets and in the ratio o f net profits to
invested capital.
Because o f the profits derived from securities trans­
actions and an increase in the size o f their loan and
securities portfolios, Second District member banks
made larger additions to their valuation reserves in
1958 than in 1957. Net additions to valuation reserves
rose to 2.8 per cent of total earnings in 1958 from 2.2
in 1957. Groups I, II, and V II showed a decline in
this ratio.
D iv id e n d s a n d R e t a in e d E a r n in g s

Cash dividends o f District member banks rose in
1958, but relative to invested capital they remained
constant at 2.9 per cent. In view of this and o f the
simultaneous increase in the ratio of net profits rela­
tive to capital in 1958, the retained earnings o f Second
District member banks rose to 4.5 per cent o f the aver­
age capital account from 3.7 in 1957. A slight decline
occurred in the ratio of capital accounts to total assets.
However, the average capital account for all banks
rose by about 14 per cent in 1958, compared with
nearly 11 p er cent in 1957.
A lfred H ayes,

President.

1 9 5 8 A verage O perating R atios o f M em ber Banks in the S econd D istrict, G rou p ed A cco rd in g to Size o f D eposits and P ro p o rtio n o f L oans to T otal Assets
(A ll ratios are expressed in percentages and are arithmetical averages of the ratios of individual banks in each group, rather than ratios based on aggregate dollar figures.)
BANKS
N o te :

B alance-sheet figures used as a basis fo r the 1958 ratios are
averages o f am ounts reported fo r D ecem ber 31, 1957,
M arch 4, 1958, June 23, 1958, Septem ber 24, 1958, and
D ecem b er 31, 1958.

G R O U P I— D eposits undpr $2 million

a ll banks

Second D istrict

G roup average

Loans t o total assets, per cent— 1958

1957

SUMMARY RATIOS

1957

1958

0-29.9
A

30-39.9
B

559

Number o f ban ks..

1958
528

60

49

15

40-49.9 50andup
D
C

7

OUTSIDE

NEW

G rou p average
1958

0 -2 9 .9
A

30-39.9
B

40-49.9

&

Loans t o total assets, per cent— 1958

1957

C

SOandup
D

20

7

140

126

15

39

42

30

YOU R
BANK

YO RK

B A N K S IN N E W Y O R K C IT Y *

CITY"
G R O U P IV — D eposits over $20 million

G R O U P I I I — D eposits of $5 million to $20 million

G R O U P II— D eposits of $2 million t o $5 million

YOUR
BANK

G roup average

z

1957

1958

0-29.9
A

30-39.9
B

40-49.9
C

50andup
D

e
13

220

209

25

72

74

G rou p average

Loans t o total assets, per cent— 1958

38

3

Y O U R N OTES

YOUR
BANK

1957

1958

115

lioans t o total assets, per cent— 1958
0 -2 9 .9
A

40-49.9
C

>0andup
D

5

120

30-39.9
B
32

55

G RO U P VI
Deposits $100 million
t o $1 billion

GROUP V
D eposits
under $100 million

23

YOUR
BANK

G R O U P V II
uepoeits
o ver $1 billion

1957

1958

1957

1958

1957

9

8

7

8

8

YOUR
BANK

1958
8

c
Z

3

P e r c e n ta g e o f T o ta l C a p ita l A c co u n ts

1. Net current earnings before income taxes......................

12.7

11.6

9 .2

8 .9

7 .0

10.5

8 .8

11.9

10.7

9 .7

9 .4

9 .0

9 .0

11.6

l

12.7

1 1 .3

9 .5

10.6

12.1

12.4

1 6 .2

1 4 .4

13.0

12.6

14.3

1 6 .9

12.8

11.9

2 1 .2

1 8 .8

18.3

16.5

l

2. Profits b efore income taxes ..............................................

9 .8

10.9

8 .2

7 .4

6 .7

9 .1

7 .1

7 .9

8 .5

9 .0

8 .8

8 .6

8 .9

9 .7

2

9 .7

1 0 .9

9 .9

10.4

11.7

11.2

1 1 .6

13.4

1 5 .0

12.7

14.1

12.7

8 .0

1 0 .4

19.7

18.7

1 4 .4

18.2

2

3. Net p r o fit s ...............................................................................

6 .6

7 .4

6 .0

5 .3

4 .9

7 .4

5 .1

4 .8

5 .9

6 .4

6 .0

6 .4

6 .5

6 .6

3

6 .7

7 .7

7 .3

7 .7

8 .0

7 .4

7 .5

8 .6

11.2

9 .3

9 .0

6 .4

5 .3

5 .6

9 .6

9 .5

7 .8

9 .7

3

4. Cash dividends d ecla red ......................................................

2 .0

2 .9

2 .1

2 .0

1 .7

1 .6

2 .1

2 .9

2 .4

2 .4

2 .2

2 .6

2 .5

2 .2

4

2 .7

2 .7

2 .5

2 .8

2 .7

2 .7

3 .8

3 .9

2 .6

3 .6

3 .7

4 .9

2 .6

1.9

4 .5

4 .6

5 .1

5 .0

4

5. Total earnings ......................................................................

3 .9 2

3 .9 5

3 .8 3

3 .8 8

3 .2 5

3.73

4 .0 3

4 .9 6

3 .8 7

3.89

3.31

3.69

3 .9 3

4 .3 6

5

3 .9 2

3 .9 5

3 .2 9

3 .8 2

4.07

4 .4 1

4 .1 0

3 .0 6

3 .6 8

4.14

4 .6 7

3 .8 0

3 .8 2

4 .0 2

3 .7 7

3 .4 2

3 .2 8

5

6. Total expenses ......................................................................

2.87

2.99

2.83

2 .9 3

2 .5 0

2 .7 6

3 .1 0

3 .5 4

2 .8 6

2.96

2 .4 3

2 .8 3

3 .0 3

3.27

6

2 .9 2

3 .0 5

2.56

3 .0 0

3.11

3 .3 3

2 .9 3

3.09

2 .1 6

2.81

3.13

3 .5 0

2 .8 9

3 .0 4

2 .0 3

2 .0 5

1.76

1.79

6

7. Net current earnings before income t a x e s ......................

1.05

0 .9 6

1 .0 0

0 .9 5

0 .7 5

0 .9 8

0 .9 3

1.42

1.01

0.93

0 .8 8

0 .8 6

0 .9 0

1.10

7

1 .0 0

0.91

0 .7 3

0 .8 2

0 .9 6

1.08

1 .1 2

1.01

0 .9 0

0 .8 7

1.01

1.17

0 .9 1

0 .7 8

1.99

1.72

1.65

1 .4 9

7

8. Net profits ............................................................................

0 .5 5

0 .6 0

0 .6 6

0 .5 5

0 .5 0

0 .6 8

0 .5 3

0 .5 6

0 .5 6

0 .6 2

0 .5 5

0 .6 2

0 .6 3

0 .6 4

8

0 .5 2

0 .6 0

0.51

0 .5 9

0 .6 3

0 .6 3

0 .5 2

0 .6 0

0 .7 9

0.64

0.63

0 .4 4

0 .3 9

0 .3 5

0 .9 2

0 .8 5

0.71

0 .8 7

8

P e r c e n ta g e o f T o ta l A ss e ts
4 0 .5

SOURCES AND DISPOSITION O F EARNINGS
P e r c e n ta g e o f T o ta l E a rn in g s

9. Interest on United States Government securities..........

20.4

19.4

23.1

2 2 .7

3 3 .0

2 6 .4

17.4

11.7

21.9

2 0 .9

3 8 .3

23.6

18.2

12.4

9

2 1 .0

19.3

3 2 .2

2 1 .5

1 6 .4

12.6

17.1

17.2

2 5 .4

2 1 .7

16.2

1 2 .6

19.2

17.5

13.4

14.8

12.3

15.0

9

10. Interest and dividends on other securities......................

6 .9

8 .1

7 .6

8 .1

14.3

5 .5

5 .9

3 .8

6 .5

7 .6

11.5

10.1

6 .3

4 .5

10

7 .1

8 .7

11.9

10.7

7 .7

4 .6

7 .1

8 .2

17.3

11.6

7 .5

4 .0

5 .3

5 .6

2 .9

5 .6

4 .0

5 .0

10

11. Earnings on loans1 ...............................................................

6 0 .8

6 0 .5

6 0 .9

6 0 .4

4 2 .1

6 0 .1

6 8 .8

7 6 .0

6 2 .4

6 2 .6

3 9 .2

5 6 .9

6 7 .2

7 5 .2

11

5 9 .4

5 9 .4

4 1 .3

53.9

6 3 .9

7 3 .0

6 1 .4

6 0 .5

4 3 .6

5 1 .9

62.3

6 9 .6

6 0 .3

6 0 .5

5 7 .8

55.1

6 5 .3

6 1 .2

11

12. Service charges on deposit accounts ..............................

7 .3

7 .4

5 .8

6 .3

7 .3

6 .2

5 .6

6 .4

6 .5

6 .4

8 .2

6 .7

5 .8

5 .9

12

8 .1

8 .4

10.1

9 .2

7 .9

6 .7

8 .0

8 .0

9 .6

8 .3

8 .1

7 .4

7 .9

8 .7

1 .7

2 .0

2 .4

2 .4

12

13. Other current ea rn in gs........................................................
Total earnings ..................................................................
14.
15. Trust department earnings2 (part o f item 3 1 )..................

4 .6

4 .6

2 .6

2 .5

3 .3

1.8

2 .3

2.1

2 .7

2 .5

2 .8

2 .7

2 .5

2 .0

13

4 .4

4 .2

4 .5

4 .7

4 .1

3 .1

6 .4

6 .1

4 .1

6 .5

5 .9

6 .4

7 .3

7 .7

2 4 .2

2 2 .5

16.0

16.4

100.0

100.0

100.0

100.0

100.0

100.0

1 00 .0

100.0

100.0

100.0

1 00 .0

100.0

100.0

100 .0

14

100.0

100 .0

100 .0

100.0

100 .0

100.0

100 .0

100.0

100 .0

100.0

100.0

1 00 .0

100.0

100.0

100.0

100 .0

100 .0

100.0

3 .0

3 .1

t

t

1 .2

1 .5

0 .7

2 .9

1 .5

t

15

1 .8

1 .8

1 .8

2 .0

1 .9

1 .0

3 .1

3 .1

1 .2

3 .6

3 .1

3 .0

5 .1

5 .2

18.9

17.1

8 .6

8 .9

16. Salaries and w a g e s ................................................................

28.9

2 8 .7

3 0 .6

3 0 .6

3 1 .2

2 9 .5

2 9 .7

3 2 .9

2 9 .0

2 9 .0

2 8 .9

2 9 .8

2 9 .9

2 6 .9

16

2 8 .3

2 7 .8

29.4

2 7 .8

2 7 .5

2 6 .9

2 9 .0

2 9 .0

27.7

2 9 .0

2 9 .2

2 8 .9

3 3 .6

34.1

2 8 .4

2 9 .0

2 6 .2

2 6 .1

16

17. Interest on time deposits ......................................................

22.6

25.4

2 2 .6

2 3 .9

2 5 .1

2 5 .8

2 4 .9

16.3

23.6

2 6 .0

2 6 .2

2 5 .8

2 5 .9

2 6 .2

17

2 1 .4

2 7 .7

2 7 .3

28.4

2 7 .6

26.9

2 0 .8

2 4 .1

2 3 .7

2 4 .9

2 3 .9

2 3 .4

16.6

19.7

3 .3

5 .5

6 .7

9 .5

17

18. Other current expenses ........................................................

2 1 .8

2 1 .7

2 0 .8

2 1 .2

2 0 .3

18.8

2 2 .5

2 2 .2

21.3

21.2

1 8 .5

2 1 .1

2 1 .7

2 2 .0

18

2 1 .9

2 1 .7

2 1 .4

2 2 .2

2 1 .5

2 1 .6

2 2 .6

2 2 .6

1 9 .2

2 2 .7

2 2 .5

2 3 .2

2 5 .5

2 5 .2

18.8

19.9

18.8

19.0

18

19.

7 3 .3

7 5 .8

7 4 .0

7 5 .7

76.6

74.1

7 7 .1

7 1 .4

7 3 .9

7 6 .2

7 3 .6

7 6 .7

7 7 .5

7 5 .1

19

7 4 .6

7 7 .2

7 8 .1

7 8 .4

7 6 .6

75.4

7 2 .4

7 5 .7

7 0 .6

7 6 .6

7 5 .6

7 5 .5

7 5 .7

7 9 .0

5 0 .5

5 4 .4

51.7

5 4 .6

19

Total expenses ....................................................................

20. Net current earnings before income t a x e s ........................

0

0

100 .0

0

t

100.0

100 .0

1 00 .0

13
100 .0

14
15

26.7

2 4 .2

2 2 .9

28.6

2 6 .4

2 3 .3

2 2 .5

2 4 .9

20

2 5 .4

2 2 .8

2 1 .9

2 1 .6

2 3 .4

2 4 .6

2 7 .6

2 4 .3

2 9 .4

2 3 .4

2 4 .4

2 4 .5

2 4 .3

2 1 .0

4 9 .5

4 5 .6

4 8 .3

4 5 .4

20

21. Net profits and recoveries or losses ( - ) 3 ..........................

-

3 .7

1.3

-

1 .2

-

3 .4

-

1 .1

-

0 .4

-

3 .6

-1 0 .9

-

3 .2

-

0 .4

-

0 .6

0 .1

0 .5

-

2 .3

21

-

4 .0

1 .5

0 .7

1 .4

2 .4

0 .8

-

4 .2

3.7

6 .1

4 .5

4 .2

1 .3

-

7 .7

2 .2

-

3 .0

5 .9

-

6 .9

8 .2

21

22. Net increase ( - ) or decrease ( + ) in valuation reserves4.

-

2 .2

2 .8

-

1 .2

-

0 .8

-

0 .2

-

3 .3

-

1 .1

1.3

-

1.8

-

1 .3

-

1 .6

1.1

-

1 .5

22

-

2 .0

3 .5

-

3 .6

7 .1

-

1 .2

5 .2

-

0 .4

6 .0

-

3 .7

23. Taxes on net in com e...............................................................
24.

-

2 6 .0

24.3

2 3 .4

2 5 .9

2 6 .1

2 3 .8

-

1 .2

-

-

2 .6

-

1 .5

-

2 .0

-

3 .2

-

-

5 .1

-

2 .0

-

4 .2

-

4 .8

-

-

-

-

3 .4

22

7 .3

6 .4

5 .9

6 .7

4 .3

5 .3

7 .3

6 .4

6 .3

7 .6

5 .6

6 .2

6 .7

23

5 .9

6 .4

5 .7

5 .2

7 .3

7 .6

6 .9

8 .1

7 .9

6 .3

8 .6

9 .4

5 .1

8 .4

2 3 .5

2 2 .5

17.2

2 3 .6

23

1 Includes service charges and other fees on loans.

14.2

Net p r o fits .............................................................................

15.4

17.2

14.2

15.4

17.9

12.9

11.7

14.7

15.8

1 6 .6

1 6 .6

15.7

14.4

24

13.5

1 5 .3

15.4

1 5 .8

1 5 .3

14.3

12.9

1 4 .8

2 5 .6

1 7 .4

15.2

9 .3

1 0 .3

9 .6

2 2 .6

2 3 .0

2 0 .5

2 6 .6

24

2 Banks not reporting this item o r reporting negli­
gible amounts were excluded in computing this average.

RATES OF RETURN O N SECURITIES AND LOANS
R e tu rn o n S e c u ritie s

25. Interest on United States Government secu rities____

2.57

2 .5 5

2.59

2 .6 2

2 .5 8

2 .7 7

2.56

2.70

2.63

2 .6 1

26. Interest and dividends on other securities....................

2.44

2.56

2 .6 8

2 .7 7

3 .2 4

2 .4 1

2 .5 9

2.63

2.45

2 .5 6

0 .2 5

0 .2 9

0 .04

0 .0 2

-

0 .0 3

0 .1 4

-

0 .1 8

0 .0 6

-

0 .3 1

-

0 .0 7

27. Net profits and recoveries or losses ( - ) on total securities5

-

-

0

0 .0 5

2 .5 8

2.57

2 .8 4

2 .5 3

2 .3 8

0 .0 1

0 .0 7

0 .1 4

2 .6 7

-

2 .7 0

2 .5 7

25

2 .7 0
0 .0 1

27

5.99
0 .1 5

29

2 .5 7

2 .4 8

2 .4 2

0 .3 8

0 .3 S

2 .3 0

2 .4 9

2.67

-

0 .2 5

0 .2 8

0 .1 1

-

0 .0 3

2.49

0 .1 9

28

-

2 .5 2

2 .4 9

2 .4 7

26

-

2 .5 2

2.51

2 .6 0

2 .4 3

2 .3 9

2 .3 7

2 .5 8

2 .3 5

2 .4 1

25

2 .4 8

3 .5 8

3 .2 4

2.91

2 .8 8

2 .7 3

2 .7 6

26

0 .5 2

0 .3 9

-

0 .2 4

1.07

-

0 .9 3

1 .0 3

27

4 .5 0

4 .3 0

28

-

0 .0 9

-

0 .0 5

0 .0 2

29

2 .5 3

0 .3 8

2 .4 2

2 .5 4

2 .5 6

0 .5 3

2 .4 1
-

2.59

2 .2 2

2 .5 4

2 .5 1

0 .3 4

0 .4 5

0 .5 7

0 .5 8

-

R e tu rn o n L o a n s

28. Earnings on loans1 ...............................................................
29. Net losses ( - ) or recoveries on loans6 ................................

5 .7 8
-

0 .0 8

5.76
-

0 .1 1

6 .1 5
-

0.08

6 .1 2
-

5 .6 1

0 .3 4

-0 .1 8

6 .2 7
-

0 .1 2

6 .8 0

6 .2 1
-

1.02

5 .8 8

5 .8 8
-

5 .6 9

0 .0 9

0 .0 2

5 .8 9
-

0 .0 7

5 .8 8
-

0 .0 9

5.78

5 .3 3

5 .7 8
-

0 .0 8

-

0 .05

5 .8 0
-

0 .0 3

5.82
-

0 .0 7

5 .9 7
-

0 .1 1

5 .6 4
-

0 .0 8

0 .1 0

5 .3 2

5 .5 5

5 .6 8
-

-

0 .0 4

-

0 .0 5

5.74
-

0 .1 4

6 .0 2
-

0 .1 0

5.26

5 .4 6
-

-

0 .1 5

0 .0 4

4 .6 6

4 .3 5
-

0 .0 2

DISTRIBUTION O F ASSETS
P e r c e n t a g e o f T o ta l A ss e ts

30. United States Government securities

FOOTNOTES

6 .6

2 9 .9

2 8 .9

3 3 .0

3 1 .9

4 0 .8

3 5 .6

2 7 .6

2 1 .4

3 1 .2

3 0 .2

4 6 .7

33.6

2 7 .9

2 0 .8

30

3 0 .7

2 9 .2

4 2 .1

3 1 .4

2 6 .4

2 1 .9

2 6 .9

2 7 .0

3 5 .1

3 0 .8

2 6 .4

2 2 .5

29.1

2 7 .2

22.1

2 1 .2

17.7

2 0 .3

30

11.1

1 3 .7

14.2

10.1

7 .2

31

11.7

13.4

15.5

16.2

12.6

8 .3

1 1 .5

12.7

2 2 .3

16.5

12.2

7 .5

6 .0

7 .1

4 .3

7 .1

5 .1

5 .9

31

4 6 .8

32

31. Other securities .....................................

10.8

12.1

10.4

10.7

15.4

9 .0

8 .9

7 .2

10.0

32. Loans .......................................................

4 1 .7

4 1 .8

3 8 .5

3 8 .8

2 4 .6

3 5 .8

4 4 .6

5 5 .5

4 1 .6

4 1 .8

2 3 .0

3 5 .7

4 4 .9

5 1 .8

32

40.7

4 0 .9

2 5 .6

3 5 .4

4 4 .7

M .O

4 4 .3

43.7

2 3 .9

3 5 .9

4 4 .9

5 4 .0

4 2 .4

4 4 .4

4 7 .4

4 5 .4

4 9 .6

33. Cash assets .............................................
34. Real estate a s se ts ...................................

16.1

15.6

17.2

17.6

18.6

18.6

17.7

14.5

15.8

15.5

1 5 .9

15.4

15.6

15.4

33

15.5

1 5 .0

1 5 .6

15.4

14.7

14.2

15.7

14.8

1 7 .5

1 5 .2

14.8

14.0

2 0 .8

19.5

2 3 .8

23.7

2 4 .4

2 3 .4

33

1 .2

1 .3

0 .9

0 .9

0 .7

0 .8

1 .1

1.2

1 .2

1.3

0 .6

1 .0

1.4

1 .7

34

1.3

1 .3

1.1

1 .3

1 .4

1.1

0 .6

0 .6

0 .6

0 .7

3 Includes recoveries, charge-offs, profits, or losses
charged or credited to either undivided profits or valua­
tion reserves.
4 Represents the net increase or decrease for the
year in valuation reserves against loans and invest­
ments. Calculated by deducting the balances in
Schedule D of the earnings and dividends report at
the end of the preceding year from the balance on
hand at the end of the current year.
5 Transfers to and from valuation reserves
losses on securities excluded.

for

6 Transfers to and from valuation reserves fo r
losses on loans excluded.

34

1 .4

1 .3

1 .3

0 .9

1.1

1 .3

1 .5

1.1

8 .7

8 .6

11.1

10.9

11.4

9 .7

10.7

11.8

9 .9

9 .8

9 .6

9 .7

10.1

9 .6

35

8 .1

8 .1

7 .9

7 .9

8 .1

8 .9

7 .0

7 .1

7 .0

6 .9

7 .2

7 .1

7 .3

16.8

16.1

2 3 .2

2 2 .7

2 9 .0

2 1 .5

19.7

18.6

19.8

19.1

3 0 .0

19.2

18.0

1 5 .2

36

15.5

15.0

2 0 .7

15.0

1 3 .8

1 3 .9

12 .3

12.3

14.7

12.8

12.2

11.3

16.5

37. Capital accounts to total d e p o s its....................................

9 .7

9 .6

12.6

12.4

1 3 .0

10.8

12.1

13.7

1 1 .2

1 1 .0

10.7

10.9

11.4

1 0 .8

37

8 .9

9 .0

8 .8

8 .7

8 .9

9 .9

7 .7

7 .7

7 .6

7 .5

7 .9

7 .8

8 .1

38. Time to total dep osits...........................................................

4 5 .8

4 8 .0

4 7 .1

4 7 .2

4 3 .6

4 7 .7

5 0 .5

4 4 .5

4 7 .9

4 9 .6

4 5 .3

4 6 .8

5 0 .2

5 4 .5

38

4 9 .0

5 1 .8

4 7 .7

50.3

53.1

5 4 .9

4 2 .0

4 5 .4

3 8 .5

4 2 .5

4 5 .8

4 9 .0

2 5 .9

39. Interest on time d ep osits.....................................................

2.24

1.96

2.07

1.85

2 .2 2

2 .2 0

2 .0 0

2 .0 4

2 .1 9

1 .9 9

2 .1 7

2.21

2 .2 8

39

2 .0 9

2 .2 7

2 .0 0

2 .2 9

2 .3 0

2 .3 4

2 .1 7

2 .3 4

2 .0 4

2 .3 3

2 .3 3

2 .4 2

2 .6 2

AVERAGE BANK IN G ROUP— In t h o u s a n d s o f d o lla r s

40. Total d e p o s its ...........................................................

72,397

82,088

1,452

1,481

1,549

1,510

1,433

1,443

3 ,3 0 3

3,336

3 ,1 7 6

3,403

3,319

3 ,3 5 6

40

41. Capital a cco u n ts.......................................................

7 ,0 9 8

8 ,0 8 1

181

182

195

166

174

195

361

362

332

370

364

365

41




10,304
903 i

10,179

9 ,3 0 2

897

776

10,635
907 |

10.255

9 ,7 4 3

8 2 ,2 1 4

88,360

8 3 ,9 5 4

80,404

81,201

112,305

54,913

896

960

6 ,3 5 0

6,750

5 ,4 8 4

6 ,3 1 0

6,197

8 ,5 6 3

4 ,3 4 0

t Averages are not shown when fewer than three
banks are in a group.
N o te : Year-to-year comparisons by size-groups may
be affected by mergers and shifts o f banks from one
size-group to another.

fH

36. Capital accounts to total assets, less United States
Government securities and cash a s s e ts ........................

1*-'

35. Capital accounts to total a s s e t s ........................................

.-------------------------------------------------------------------------------------------------

CAPITAL AND DEPOSIT RATIOS

* N ew Y o rk City banks include only those banks
which have their main office located in Manhattan.

9 .9

9 .5

9 .1

9 .2

35

14.0

18.1

17.2

15.7

16.2

36

7 .8

11.6

11.1

10.7

10.7

37

3 1 .2

14.9

17.2

12.2

1 5 .6

38

Prepared by

2.21

33

F i n a n c i a l a n d T r a d e St a t is t ic s

2 .5 7

1.43

1.62

2 .0 1

D iv is io n
54,537

401,463

406,039

3,1 1 1 ,7 9 6

3 ,3 0 4 ,3 1 2

40

4 ,0 5 6

44,223

43,212

328,586

354,592

41

R esearch D e p a r t m e n t

D I S T R I B U T I O N O F S E C O N D DI STR IC T M E M B E R B A N K S O U T S I D E N E W Y O R K CITY
A C C O R D I N G T O SIZE O F C E R T A I N KEY R A T I O S
1958
G R O U P
Banks w ith

I

G R O U P

total deposits

II

Banks w i t h total

u n d e r $2 m i l l i o n

G R O U P

deposits

8anks with

$2 m i l l i o n t o $5 m i l l i o n

RATIO

OF

T O T A L

CURRENT

III

G R O U P

total deposits

Banks

$ 5 m i l l i o n to $20 m i l l i o n

E A R N IN G S

T O

TO T A L

IV

w ith total deposits

over $20 m i l l i o n

ASSETS

Per c ent of a l l b a n k s i n g r ou p
60

40

20

0

PH.
0 3.01 3 .5 1 4.01 4.51 Over
3.00 3.5 0 4 .0 0 4 .5 0 5.0 0 5.00

0 3.0 1 3.51 4 01 4.31
3.00 3.3 0 4.00 4.3 0 3.00
R A T IO

O F

TO T A L

f7 7 7 L r / / l k / Z t t k l R S I 1 ^ 3
0 3 .0 t 3.51 4.01 4.5 1 Over
3 00 3.5 0 4.00 4.50 5.0 0 3.00

Over
3.00
EXPENSES

T O

T O T A L

ASSETS

60

40

20

0
0 2.01 2.31 3.01 3.51 Over
2.00 2.50 3 00 3 .5 0 4.0 0 4.00
R A T IO

0
2.01 2.31 3.01 3.51
2.00 2.30 3.0 0 3.50 4 00
OF

NET

CURRENT

Over
4.00

E A R N IN G S

BEFORE

IN C O M E

TA XES

TO

TO TA L

ASSETS

60

40

20

0

0

0

0 .51 0.91

0 .5 0 0.90

___ r///1v //a

.m X //\ x!l\ 1^3 E s i

E 7 7 \ju iA i///\ KyJ
Under

1.31

Over

1.30 1.70

1.70

In d er
0
0.31 0.91 1.31
0
0 .50 0.90 1.30 1.70
R A T IO

O F

NET

Over
1.70
PROFITS

Ka pa

In der
0 0.51 0.91 1.31
0
0.5 0 0.9 0 1.30 1.70
TO

T O T A L

Over
1.70

In d e r
0 0.51 0.9 1 1.31
0
0.5 0 0.90 1.30 1.70

Over
1.70

ASSETS

60

40

20

0 jyA¥//AV//i£Sd K 3 r a .
In der
O 0.31 0 .6 1 0.91
0 0 .3 0 0 .6 0 0 .9 0 .1 .2 0




Over
1.20

Under
0

0.3 1 0.61 0.91

Over

0.30 0.6 0 0.9 0 1.20

0

1.20

Under
0

0.31 0.61 0.9 1

Over

0.3 0 0.6 0 0.90 1.20

0

1.20

Under
0

0.31 0.61 0.9 1

Over

0.3 0 0 .60 0 90 1.20

0

1.20

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