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Supplement to

BANKING &
MONETARY
STATISTICS
SECTION 6

Bank Income

BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM

Preface
In 1943 the Board of Governors published
Banking and Monetary Statistics to make available in one place and on a uniform basis major
series relating to banking, monetary, and other
financial developments. The statistics usually
covered the period from 1914, when the Federal Reserve System was established, through
December 1941.
To bring together for the period since 1941
the most important series in that volume, to
revise the data previously published, and to
present new series, the Board is publishing a
series of pamphlets. Most of these pamphlets
correspond to sections in Banking and Monetary Statistics, but some may cover new subjects. Most of the data included in these
pamphlets have already been published in the

Federal Reserve Bulletin, and current figures
for most of the series are published in it each
month. In some instances, however, the type
of presentation may vary considerably from
that in the Bulletin.
This is one of the new pamphlets. As in
Banking and Monetary Statistics, there is a
brief description of the purpose and history of
the data, the sources of the figures and the
methods by which they were compiled, and
other facts to guide the reader in using the
figures. Much of the information that is customarily included in footnotes to tables has been
incorporated in the text. Footnotes have been
used for the most part to call the reader's attention to any lack of comparability of items over
the period covered.
Board of Governors
of the Federal Reserve System

Washington, D. C.
December 1966




Price per copy, 35 cents

Contents
Page
INTRODUCTION

1

COMPARABILITY OF DATA

1

THE 1941 CHANGE

2

Member banks

2

Insured commercial banks

2

THE 1961 CHANGE—ALL INSURED BANKS

2

1948 CHANGE TO RESERVE METHOD OF ACCOUNTING

3

INCOME AND OPERATING RATIOS OF MEMBER BANKS

4

KEY TO SYMBOLS USED IN TABLES

4

CHANGES IN 1961 IN CLASSIFICATION OF BANK EXPENSES

5

TABLES:

1. Member Bank Income, Expenses, and Dividends, 1941-65
2. Member Bank Income Ratios, 1941-65
3. Member Bank Income, Expenses, and Dividends, by Class of Bank,
1945, 1955, and 1965
4. Member Bank Income Ratios, by Class of Bank, 1945, 1955, and 1965
5. Member Bank Income, Expenses, and Dividends, by Federal Reserve
District, 1965:
A. All Banks
B. Reserve City Banks
C. Country Banks
6. Member Bank Income Ratios, by Federal Reserve District, 1965:
A. All Banks
B. Reserve City Banks
C. Country Banks
7. Member Bank Income, Expenses, and Dividends, by Size of Bank, 1965
8. Member Bank Operating Ratios, by Size of Bank and by Ratio of
Time to Total Deposits, 1965
9. Member Bank Operating Ratios, by Ratio of Time to Total Deposits,
by Size of Bank, 1965
10. Member Bank Operating Ratios, by Federal Reserve District, 1965
11. Insured Commercial Bank Income, Expenses, and Dividends, 1941-65
12. Insured Commercial Bank Income, Expenses, and Dividends,
by Size of Bank, 1965




6
9
12
14

16
17
18
19
20
21
22
23
24
25
26
29




6.

Bank Income

REPORTS OF BANK income and expenses are
of value both to bank supervisors in reviewing
the condition of individual banks and to bank
officers and stockholders. Statistics compiled
from these reports provide significant information for credit and fiscal authorities and
for others concerned with general banking and
credit developments. The level of bank income has a long-run bearing on the stability
of the banking system. Banks should have sufficient revenue to (1) pay reasonable expenses,
(2) retain sufficient funds to insulate capital
against the losses that banks must anticipate,
(3) maintain capital funds for the protection of
depositors, and (4) provide capital as a basis
for growth of the banking system. Income and
prospects for income also determine whether an
individual bank or the banking system as a
whole can obtain new capital from the investment markets.
Income statistics for all member banks of
the Federal Reserve System (Tables 1-10)
and for all insured commercial banks (Tables
11 and 12) are presented in this section. Details of income and expenses annually for the
period 1941-65 are shown for both groups of
banks. For member banks, there are additional breakdowns for 1965 that indicate the
types of data available—such as by size of
bank, or by class of bank and Federal Reserve
district. For selected years a breakdown of
member bank data by class of bank is shown.
There are similar breakdowns for income ratios. For insured commercial banks, a breakdown of data is presented for 1965 by size
of bank. There are no breakdowns here by
type of bank (national or State) as there were
in Banking and Monetary Statistics.
Tables showing amounts of revenue and expenses include average annual amounts of assets,




deposits, and capital accounts, except for Tables
7 and 12, which show data for size of bank as
of the end of the year. Numbers of officers,
employees, and banks are shown at year-end.
The number of call reports on which the averages are based for each year of the period 1941—
65 are shown in the accompanying table.
CALL REPORTS USED IN COMPUTING AVERAGE ASSET
AND LIABILITY DATA
Year

No. of
calls

Date
End of previous year, end of
current year, and:

Member banks:
1941

Calls for 3 intervening dates
Calls for 2 intervening dates
Calls for 1 intervening date
Call for middle of current
year, plus last-Wednesdayof-month figures for the
10 intervening months
Calls for 2 intervening dates 1
Calls for 2 intervening dates

1942 43, 1945
1944, 1946 48, 1965
1949 60

1961 62'
1963-64

Insured commercial banks:
1941 62, 1964 65
1963
1

3
4

Call for 1 intervening date
Calls for 2 intervening dates

Fall of current year instead of end of year.

Data for national member banks are based
on annual income and dividend reports submitted to the Comptroller of the Currency;
those for State member banks, on reports submitted to the Reserve Banks. Data for insured commercial banks are assembled by the
Federal Deposit Insurance Corporation.
COMPARABILITY OF DATA1
Two major changes in reporting instructions—
in 1941 and in 1961—and one major change
1
For 1963 65, data for national banks have been adjusted to make them comparable with State member bank
data. Revenue and expenses incident to Federal funds transactions have been classified as interest and discount on loans
and as interest on borrowed money, respectively.

6.

Bank Income

REPORTS OF BANK income and expenses are
of value both to bank supervisors in reviewing
the condition of individual banks and to bank
officers and stockholders. Statistics compiled
from these reports provide significant information for credit and fiscal authorities and
for others concerned with general banking and
credit developments. The level of bank income has a long-run bearing on the stability
of the banking system. Banks should have sufficient revenue to (1) pay reasonable expenses,
(2) retain sufficient funds to insulate capital
against the losses that banks must anticipate,
(3) maintain capital funds for the protection of
depositors, and (4) provide capital as a basis
for growth of the banking system. Income and
prospects for income also determine whether an
individual bank or the banking system as a
whole can obtain new capital from the investment markets.
Income statistics for all member banks of
the Federal Reserve System (Tables 1-10)
and for all insured commercial banks (Tables
11 and 12) are presented in this section. Details of income and expenses annually for the
period 1941-65 are shown for both groups of
banks. For member banks, there are additional breakdowns for 1965 that indicate the
types of data available—such as by size of
bank, or by class of bank and Federal Reserve
district. For selected years a breakdown of
member bank data by class of bank is shown.
There are similar breakdowns for income ratios. For insured commercial banks, a breakdown of data is presented for 1965 by size
of bank. There are no breakdowns here by
type of bank (national or State) as there were
in Banking and Monetary Statistics.
Tables showing amounts of revenue and expenses include average annual amounts of assets,




deposits, and capital accounts, except for Tables
7 and 12, which show data for size of bank as
of the end of the year. Numbers of officers,
employees, and banks are shown at year-end.
The number of call reports on which the averages are based for each year of the period 1941—
65 are shown in the accompanying table.
CALL REPORTS USED IN COMPUTING AVERAGE ASSET
AND LIABILITY DATA
No. of
calls

Year

Date
End of previous year, end of
current year, and:

Member banks:
1941
1942 43, 1945
1944, 1946 48, 1965
1949 60

Calls for 3 intervening dates
Calls for 2 intervening dates
Calls for 1 intervening date
Call for middle of current
year, plus last-Wednesdayof-month figures for the
10 intervening months
Calls for 2 intervening dates 1
Calls for 2 intervening dates

1961 62'
1963 64
Insured commercial banks:
1941 62, 1964 65
1963
1

!
I

3
4

Call for 1 intervening date
Calls for 2 intervening dates

Fall of current year instead of end of year.

Data for national member banks are based
on annual income and dividend reports submitted to the Comptroller of the Currency;
those for State member banks, on reports submitted to the Reserve Banks. Data for insured commercial banks are assembled by the
Federal Deposit Insurance Corporation.
COMPARABILITY OF DATA'

Two major changes in reporting instructions—
in 1941 and in 1961—and one major change
1
For 1963 65, data for national banks have been adjusted to make them comparable with State member bank
data. Revenue and expenses incident to Federal funds transactions have been classified as interest and discount on loans
and as interest on borrowed money, respectively.

in accounting procedure—in 1948—affect the
comparability of the data in tables shown here
with those that were published in Banking and
Monetary Statistics and with those published
annually in the Federal Reserve Bulletin,
usually in the May issue. Changes in 1941
and comparability of the new series with figures through 1941 as published previously
by the Board of Governors are discussed
separately below for member banks and for
insured commercial banks. Later paragraphs
describe the changes in 1961 and how they
affected figures beginning in 1961 for both
of these classes of banks. Still later paragraphs discuss the effects of the change in
accounting methods in 1948.
THE 1941 CHANGE—MEMBER BANKS

"Other charges on loans" were included in
"collection charges, commissions, fees, etc.," in
the figures for 1941 published in Banking and
Monetary Statistics, but are included here in
"other charges, fees, etc." Beginning with 1942,
they have been shown separately, and they
appear under this caption throughout the
period beginning with 1942 in the accompanying tables.
"Foreign department" income, shown as a
separate item in 1941, is included in "other
current revenue."
"Real estate taxes" and "other taxes" (including taxes on net income) were shown
separately in 1941 but are included here in
"other current expenses." In 1942, these
taxes were separated into two parts: (a) "taxes
on net income," which have been shown as a
separate item since that time, and as a deduction from net current earnings rather than an
expense, and (b) "taxes other than income";
these were shown as a separate item until
1961, but they are included in the accompanying tables in "other current expenses"
because they were no longer available separately after the 1961 revision, as indicated
later.




"Rent received" was shown as a separate
item in 1941, but is included here for the
period 1941—60 in "other current revenue."
"Recurring depreciation" on real estate was
included under "losses and depreciation on
banking house and equipment" in 1941, but
is included here for the period 1942—60 in
"other current expenses."
THE 1941 CHANGE—INSURED COMMERCIAL
BANKS

"Service charges on deposits" were included
in "collection and service charges, commissions, fees, etc." in Banking and Monetary Statistics in 1941 but are included here in "other
charges, fees, etc." Beginning with 1942 they
have been shown separately.
"Other charges on loans" were included in
"interest and discount on loans" in 1941, but
in succeeding years have been shown separately.
"Trust department" income was included in
"other current revenue" in 1941, but beginning with 1942 has been shown separately.
"Rent received" is included in "other current revenue" for the period 1941-60.
"Taxes on net income" were shown as
"taxes" in 1941 and earlier years. They have
been estimated for 1941 in Table 12. Since
then they have been reported separately.
Throughout the period 1941-65 they have
been treated as a deduction from net current
earnings rather than an expense, as shown in
Banking and Monetary Statistics.
"Recurring depreciation"—formerly shown
as part of "all other" losses and depreciation—
is included here in "other current expenses"
for the period 1941-60.
THE 1961 CHANGE—ALL INSURED BANKS

Beginning in 1961 the form used by banks in
reporting certain items of income and expenses
was revised, and as a result the following items
shown in the accompanying tables are not entirely comparable with those for earlier years:

(1) salaries—officers; (2) salaries and wages
—others; (3) other current operating expenses; and (4) other current operating revenues.
As a result of the changes in the composition of the above items and other reporting
changes, the following expense items are available separately beginning with 1961: (1) officer
and employee benefits; (2) net occupancy expense; and (3) furniture and equipment.
Two other items formerly available separately are combined with other items beginning with 1961: (1) taxes other than on net
income, which are now included in other current expenses (with certain exceptions); and
(2) recurring depreciation, which is now included in the items furniture and equipment
and net occupancy expense. The table on
page 5 shows in detail all of the changes
made in 1961, including the change in treatment of rental income.
1948 CHANGE TO RESERVE METHOD
OF ACCOUNTING

For several years during the early part of the
period covered by this section, Federal tax
law permitted commercial banks to set up "reasonable" reserves for bad debt losses out of
taxable income, subject to interpretation of the
word "reasonable" in the light of the circumstances surrounding each particular case. In December 1947 a ruling by the Commissioner of
Internal Revenue provided a fixed formula,
based on a bank's prior experience, for determining allowable deductions from taxable income for the setting up and maintenance of reserves for bad debt losses on loans. With certain
exceptions, the amounts that might be set up
were limited to three times the annual allowable
deduction. This formula has undergone some
modification over the period since 1947. In
1965 the ruling was revised to provide for accumulation of such reserves up to a fixed percentage of total loans.
As of the end of 1964, 67 per cent of the
6,225 member banks were using the reserve




method of accounting for bad debt losses on
loans. Comparable percentages for years prior
to the ruling, were they available, doubtless
would be quite small.
Although net income reported by member
banks is reduced somewhat while such reserves
are being built up, the long-term tendency is to
modify the fluctuations in net income that result from losses on loans. In other words, by
using the reserve method, banks build up reserves during prosperous years to offset possible losses in other years.
It should be noted, however, that the longterm smoothing of net income through use of
a reserve method of providing for losses does
not preclude using figures for these reserves
in analyzing losses as they occur. For such
purposes, it is necessary to combine (1) losses
charged against the current year's net income
by banks that do not use the reserve method
and (2) losses that do not directly affect the
current year's net income of other banks because they are charges against reserve accounts—with the realization, of course, that
the latter losses were provided for by charges
against net income in prior years.
Figures in the income tables published in
the annual Bulletin article represent condensations of figures published herein, as described below:
1. Recoveries on securities and loans as
shown in the summary tables are obtained by
combining the recoveries credited to net income and the recoveries credited to valuation
reserves (these are shown as memoranda in
the detailed tables here). The combined figures represent the gross recoveries of member
banks during the year regardless of the accounting methods of the individual banks.
2. Likewise, losses on securities and loans
shown in the summary tables in the Bulletin
article are a combination of the losses charged
against net income and the losses charged to
valuation reserves (shown as memoranda in
the detailed tables here). These totals represent the gross losses of member banks during

the year regardless of the accounting methods
of the individual banks.
3. The items of net additions to valuation
reserves on securities and loans represent the
combination of four amounts: the sum of the
two items that increase valuation reserves
(transfers to the reserves reported in the body
of the detailed tables, plus recoveries credited
to the reserves reported as memoranda) less
the sum of the two items that decrease valuation reserves (transfers from the reserves reported in the body of the detailed tables, plus
losses charged to the reserves reported as
memoranda)INCOME AND OPERATING RATIOS
OF MEMBER BANKS.

There are important differences between the
two types of ratios presented here. Tables 2,
4, and 6 present income ratios, which reflect




relationships between aggregate dollar figures
of various groups of banks; Tables 8—10 present what are often referred to as "operating
ratios"—that is, arithmetic averages of ratios
computed for individual banks.
These two types of ratios sometimes show
wide variations, owing to differences in relative weights of banks of different size: average
operating ratios assign an equal weight to each
bank regardless of its size, whereas ratios computed from aggregate dollar figures reflect primarily the performance or position of those
banks (usually a very small number) whose
figures are disproportionately large. Averages
of individual ratios are useful primarily for
studying the financial results of operations of
individual banks, while ratios based on aggregates show results for the banking system as
a whole and, broadly speaking, are the more
significant for purposes of credit and monetary
analysis.

KEY TO SYMBOLS USED IN TABLES

Zero;
Amounts insignificant in terms of the
particular unit (e.g., less than 500,000
when the unit is millions); or
No figure to be expected (e.g., one or
more series in a table may start at a
later date than others shown).

CHANGES IN 1961

IN CLASSIFICATION OF BANK EXPENSES

Type of item

Previous reporting procedure

Present reporting procedure

Salaries and wages (including bonuses and
other extra compensation) of officers and
employees working on bank building or
related housekeeping functions

Combined with salaries and
wages of other bank officers and employees

Reported as separate item under occupancy expense

Taxes related to salaries and wages paid by
the bank on its own account, e.g., social
security and unemployment taxes, etc.

Included in taxes other than
income

Other expenses of employee benefits except
taxes and direct compensation paid by
the bank, e.g., hospitalization and life insurance premiums, pension contributions,
cost of medical services, net cost of restaurant, etc.

Included in other
operating expenses

Recurring depreciation on bank premises
and leasehold improvements
Recurring depreciation on furniture and
equipment

current

All recurring depreciation
combined in a separate
item

Maintenance, repairs, and uncapitalized alteration costs of bank premises and leasehold improvements

Reported as separate item under occupancy expense

Included as a separate item,
furniture and equipment expense

Other furniture and equipment expense,
e.g., servicing, maintenance, rentals paid,
uncapitalized costs, etc.
Rent paid on bank premises

Officer and employee benefits
shown as a separate item;
expenses related to building officers and employees
shown separately under occupancy expense

Included in other current
operating expense
Reported as separate items under occupancy expense

Insurance, utilities (heat, light, water), etc.
Taxes on bank premises and leasehold im- "
J
provements
Taxes other than those related to officers
and employees and to furniture and j
equipment or bank premises and leasehold improvements, e.g., franchise taxes
and taxes on other real estate
J

Included in taxes other than
income

Included in other current operating expenses

Included in other current
operating revenue

Deducted from gross occupancy expense to derive net
occupancy expense

Current operating revenue item reclassified as
offset to expenses:
Rental income from bank premises and
other credits such as income from bank
premises affiliate




1. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Item
Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

1941
1,416,866

1942

I

486,734

1943
1,650,170

1947

1948

1949

1,873,768 | 2,102,177 2,402,532

2,578,629

2,828,342

2,985,639

996,802
959,787
! 139,368
548,274
571,776
14,900
16,386
85,500
87,499
63,833
53,206
104,333
112,134
107,768
114,379

1,053,532
147,586
760,668
11,717
99,634
67,827
131,195
130,373

920,821
149,166
1,028,863
14,855
119,254
65,803
135,934
143,933

854,803
157,844
1,289,454
18,331
141,133
65,329
147,513
153,935

859,218
168,502
1,405,636
21,434
157,957
64,497
151,384
157,012

1944

1945

1946

64,869
37,799
93,116
110,649

539,673
639,721
9,040
68,177
36,271
91,925
101,927

765,828
552,128
10,849
76,407
45,137
96,333
103,488

987,917
163,264
262,639

1,001,556
169,912
290,625

1,038,787
174,877
312,125

1,126,733
187,503
337,440

1,267,633
208,237
371,374

1,468,550
242,422
457,020

1,649,980
269,456
527,525

1,795,225
297,325
578,468

1,888,915
318,189
607,927

12,401
211,603
2,175

13,731
235,948
2,461

14,910
250,487
3,133

16,064
261,102
3,336

t 445,281
665,152

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

8,169
139,930
124

8,539
128,289
110

8,706
123,707
353

9,514
144,103
967

10,757
182,874
2,286

413,791

404,081

419,019

447,206

492,105

542,929

600,859

650,902

682,297

Net current earnings before income taxes.

428,949

485,178

611,383

747,035

834,544

933,982

928,649

1,033,117

1,096,724

278,339

188,466

232,065

242,523

182,476

54,754
/ 26,477
40,358 1 23,363

63,943
13,447
22,289

/
59,082 \
42,978

33,908
45,547
58,474

18,125
24,918
39,753

421,175

317,875

68,334
35,521

30,857
28,004

/ 23,784
102,653 1 247,178
46,358
47,210

19,152
191,254
48,607

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other
Net income before related taxes

312,333

318,133

453,785

355,805

128,956

59,911 j

93,854

\

63,989

48,301 !

81,812

116,267
82,821

238,835
113,221

183,010
53,587

}

58,905
26,489

55,903 |

72,533

72,540

24,351 i
!

64,134

46,505

55,918
45,811

63,742
55,466

89,647

317,525

223,050

250,972

232,183

229,856

246,962

251,205

> 137,731
j

102,691

101,559

97,146

117,785

115,455

101,342 I

)

83,590
96,204

64,770

63,360

55,589

86,053

60,283
74,754

46,541
65,530

61,492
70,015

389,763

450,594

672,744

832,985

1,058,473

1,042,825

909,509

854,465

961,325

67,530
67,530

115,491
102,976
12,515

183,715
169,136
14,579

270,062
250,281
19,781

285,026
264,512
20,514

256,518
239,481
17,037

233,556
218,711
14,845

275,066
257,069
17,997

Taxes on net income.
Federal
State
Net income

389,763

383,064

557,253

649,270

788,411

757,799

652,991

620,909

686,259

Cash dividends declared
On preferred stock *
On common stock

210,618
12,745
197,873

203,007
11,090
191,917

208,368
10,828
197,540

226,002
9,687
216,315

245,934
8,262
237,672

266,647
5,873
260,774

280,942
4,304
276,638

293,818
3,866
289,952

312,666
3,488
309,178

7,017
9,305

2,399
17,512

17,079
39,645

5,144
61,857

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets

16,699
17,753
5,994
23,062
1,536

17,218
25,408
5,842
22,705
1,437

16,229
48,182
5,286
23,243
1,359

17,682
60,324
5,131
24,482
1,301

19,815
71,795
5,566
26,700
1,256

24,258
71,217
6,384
29,171
1,285

29,326
60,051
6,959
30,375
1,321

34,187
54,736
7,382
32,450
1,496

35,249
54,063
7,847
30,098
1,554

Total assets.

65,044

72,610

94,299

108,920

125,132

132,315

128,033

130,250

128,810

Time deposits
Total deposits
Total capital accounts 4

12,458
58,717
5,798

12,413
66,103
5,977

14,176
87,381
6,304

17,198
101,484
6,712

21,487
116,983
7,243

25,905
123,453
7,868

27,905
118,711
8,291

28,721
120.447
8,630

29,145
118,264
8,999

36,476
176,466

35,604
182,023

36,398
190,354

37,693
193,279

39,903
207,460

42,512
230,442

44,960
241,011

46,278
247,628

47,454
250,367

6,619

6,679

6,738

6,814

6,884

6,900

6,923

6,918

6,892

Number of officers . . . .
Number of employees.
Number of banks

For notes see p. 8.




1. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
1950

1951

1952

1954

1953

1955

1956

6,770,958

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

3,264,686

3,668,715

4,119,649

4,590,236

4,826,113

5,342,589

865,063
190,173
1,607,967
26,068
172,489
70,754
170,519
161,655

831,920
210,766
1,974,325
28,670
186,872
79,003
182,421
174,737

929,307
234,528
2,269,944
35,936
197,734
82,871
194,430
174,901

1,011,000
251,777
2,591,483
40,538
218,831
92,324
207,218
177,065

1,066,379
272,808
2,662,168
49,079
252,266
102,484
235,655
185,274

1,118,106 1,100,589 1,167,739
339,451
295,606
307,846
3,021,843 3,662,480 4,136,112
71,803
62,685
61,362
354,187
310,165
274,024
136,558
121,585
109,755
340,234
309,105
266,992
224,875
203,719
194,902

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

2,019,746
344,777
655,151

2,231,946
375,298
750,039

2,501,091
408,330
835,300

2,781,518
447,142
924,348

2,998,535
478,877
983,820

3,265,126 3,679,898 4,222,375
511,736
553,292
592.380
1,059,667 1,181,906 1,284,885

17,449
271,016
3,895

19,150
305,536
9,077

21,514
364,503
19,825

23,714
424,738
22,657

25,541
493,649
7,985

727,458

772,847

851,619

938,920

1,008,662

1,101,471

1,222,066

1,339,180

Net current earnings before income taxes.

1,244,941

1,436,769

1,618,558

1,808,718

1,827,578

2,077,463

2,398,275

2,548,583

148,624

125,008

132,274

551,971

212,508

225,807

169,938

51,881
13,531
10,936

29,047
9,954
19,646

34,603
9,847
25,877

374,610
11,709
43,142

50,668
18,317
37,547

27,526
12,578
39,745

57,162
8,190
19,345

22,548
26,960
37,327

17,577
25,622
29,076

16,966
24,734
24,660

23,158
15,729
23,060

27,353
54,558
40,599

20,741
47,728
37,508

14,309
73,279
58,370

14,037
36,848
34,357

313,661

338,857

306,381

383,477

479,263

613,959

879,830

655,063

32,623
50,933

72,103
28,418

83,851
27,040

139,880
48,299

58,549
118,857

195,493
63,086

276,573
97,001

206,908
78,269

14,269
166,272
49,565

13,555
180,034
44,747

15,652
132,896
46,942

20,416
111,976J
62,906

17,7711
196J40 1
87,946

17,843
265,632
71,904

21,851
407,544
76,862

15,675
280,887
73,324

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

218,570
82,149
12,789
36,799

I

27,189
543,122
21,942

6,078,173

1957

29,161
649,679
43,793

30,856
927,199
47,875

1,149,850

1,246,536

1,437,185

1,557,515

1,900,286

1,676,013

1,744,253

2,063,459

Taxes on net income.
Federal
State

369,060
346,909
22,151

490,919
465,480
25,439

607,850
578,682
29,168

692,252
660,206
32,045

804,188
762,686
41,502

690,770
655,361
35,410

717,688
677,206
40,482

894,515
848,679
45,836

Net income

780,790

755,617

829,335

865,263

1,096,099

985,242

1,026,565

1,168,944

Cash dividends declared
On preferred stock '
On common stock

345,522
2,835
342,687

370,504
2,587
367,917

390,430
2,310
388,121

418,652
1,955
416,697

456,145
2,030
454,116

500,941
1,730
499,211

546,931
1,592
545,339

603,767
1,485
602,282

Net income before related taxes.

Memoranda items:
Recoveries credited to reserves:
On securities
On loans
Losses charged to reserves: 3
On securities
On loans

3,036
17,016

2,085
25,054

4,308
28,088

767
28,930

2,936
34,682

2,719
33,589

3,185
35,443

5,808
46,329

15,919
55,581 j

24,642
54,938

33,926
74,494

15,247
74,746

65,502
75,669

92,830
108,536

Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets

39,098
54,916
9,398
29,854
1,622

47,016
50,075
10,583
33,727
1,811

51,169
51,811
11,557
35,564
1,977

56,142
51,091
1 1,923
35,608
2,049

57,513
54,485
12,844
35,774
2,306

64,651
53,453
13,876
36,047
2,620

74,279
47,554
13,421
36,924
2,883

Total assets

134,889

143,212

152,079

156,813

162,921

170,646

175,061

179,568

Time deposits
Total deposits
Total capital accounts 1 . .

29,506
123,559
9,455

30,074
130,760
9,947

32,120
138,398
10,480

32,647
142,380
11,043

38,053
148,198
11,724

39,983
154,464
12,499

41,200
157,561
13,270

44,596
160,753
14,108

48,967
263,643!

50,553
282,266

52,652
300,868

54,639
315,972|

56,541
323,945

58,623
342,181

61,325
363,639

63,410
378,317

6,798

6,743

6,660

6,543

6,462

6,393

Number of officers
Number of employees
Number of banks..

For notes sec p. 8.




6,873;

6,840!

I

1. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Item

1958

1959

1960

1961

1962

1963

1964

1965

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

7,126,594

8,074,868

8,927,868

9,216,795 10,153,594 11,169,491 12,385,803 13,841,782

1,266,176
411,403
4,245,404
80,902
388,500
139,686
364,360
230,163

1,398,835
444,652
4,925,848
95,397
421,689
149,399
408,503
230,545

1,414,361
467,351
5,640,438
89,469
463,666
162,140
442,083
248,360

1,537,142
513,410
5,773,423
96,221
494,535
164,256
483,580
154,228

1,686,765
629,130
6,319,741
115,200
532,409
175,259
529,701
165,389

1,725,561
773,150
7,072,778
127,034
567,68!
180,270
556,684
166,33:

Expenses
Salaries—officers
Salaries and wages—others. . .
Officer and employee benefits.
Directors' fees, etc
Interest on time deposits
Interest on borrowed money. .
Net occupancy expense
Furniture and equipment
Other current expenses

4,616,925
632,081
1,349,170

5,139,614
680,090
1,438,261

5,654,675
731,508
1,557,204

32,485
1,123,415
23,183

34 586
1,279,719
75,898

36,884
1,434,259
84,220

1,456,5911

1,631,060

1,810,600

6,073,550
778,428
1,585,010
330,584
38,844
1,720,414
36,402
423,592
179,876
980,400

7,041,375
830,300
1,671,111
363,561
40,692
2,358,132
62,542
458,634
217,703
1,038,700

7,930,985 8,894,583 10,206,320
968,442 1,047,366
892,580
1,768,197 1,871,935 1,976,578
448,318
393,150
420,078
48,610
43,230
45,855
2,857,600 3,383,524 4,214,144
183,695
104,074
122,054
598,174
500,550
549,756
333,664
296,599
254,865
1,116,739 1,236,340 1,355,771

Net current earnings before income taxes. . .

2,509,669

2,935,254

3,273,193

3,143,245

3,112,219

3,238,506 3,491,220 3,635,462

777,390

296,179

503,710

627,393

396,291

409,072

274,775

329,907

611,514
8,157
54,261

41,693
25,448
106,235

283,991
10,336
51,287

402,424
7,133
79,598

216,336
4,377
50,147

140,361
2,902
56,705

58,301
5,473
53,978

67,456
5,133
90,954

15,848
39,679
47,931

13,892
53,173
55,738

19,883
66,545
71,668

10,230
47,237
80,771

10,035
51,859
63,537

10,551
124,361
74,192

10,369
56,385
90,269

10,524
73,105
82,735

681,456

1,199,926

847,465

808,173

703,795

737,728

845,272

982,477

51,169
9,230
84,632

42,929
9,917
56,646

79,732
8,378
65,260

70,068
4,850
54,176

16,165
516,448
95,623

16,845
551,796
123,261

19,302
723,997
110,084

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

74,869
253,282

666,514
157,997

195,526
142,435

32,174
18,200
210,042

15,109
240,813
97,383

15,382
273,068
86,965

22,813
389,856
96,835

21,051
417,095
109,611

16,825
451,526
90,413

1,741,509 1,686,444
911,252 1,078,870
7,970,810 9,127,320
140,430
167,776
607,193
653,233
207,184
223,910
611,043
667,907
196,382
236,322

Net income before related taxes

2,605,603

2,031,507

2,929,438

2,962,465

2,804,715

2,909,850 2,920,723 2,982,892

Taxes on net income.
Federal
State

1,148,409
[,081,498
66,911

774,622
728,418
46,204

1,240,662
1,165,534
75,128

1,250,492
1,170,215
80,277

1,109,798
1,021,782
88,016

1,078,789
991,081
87,708

Net income.

1,457,194

1,256,885

1,688,776

1,711,973

1,694,917

1,831,061

646,178
1,566
644,612

689,721
1,461
688,260

734,830
1,173
733,657

792,635
1,113
791,522

831,955
1,064
830,891

877,770
2,578
875,192

960,847
24,270
936,577

1,057,517
52,248
1,005,269

8,919
61,132

2,848
66,050

16,476
58,052

10,510
67,224

5,724
81,604

4,136
139,413

3,703
100,276

18,823
109,169

195,044
101,989

43,652
233,782

18,350
212,941

14,860
273,439

42,030
319,906

21,338
346,200

80,819
51,604
15,721
37,916
3,893

88,848
50,125
16,476
38,402
4,047

96,671
45,609
16,018
39,063
4,719

100,446
50,415
17,660
41,068
5,508

122,732
51,043
26,321
44,968
6,594

137,915
47,945
30,307
47,698
7,471

158,774
45,702
34,658
51,916
8,475

Total assets. .

189,953

197,898

202,080

215,097

231,746

251,657

271,336

299,525

Time deposits
Total deposits
Total capital accounts 4

51,054
170,058
15,086

54,142
176,303
15,898

55,598
177,862
16,820

63,099
189,983
17,917

73,097
205,029
19,066

85,505
221,479
20,266

97,538
238,862
21,932

112,962
263,661
24,050

65,694
381,086

68,072
399,285

71,698
418,339

74,734
410,080

78,406
420,886

82,045
433,299

87,087
444,016

91,419
459,882

6,312

6,233

6,174

6,113

6,047

6,108

6,225

6,221

Cash dividends declared.
On preferred stock ! .
On common stock. . .
Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets

Number of officers... .
Number of employees.
Number of banks
1

Includes interest on capital notes and debentures.
Not included in recoveries shown above.
Not included in losses shown above.
4
Cash assets are composed of cash, balances with other banks (including reserve balances), and cash items in process of collection. Total capital
accounts are composed of the aggregate book value of capital stock, capi2

3




997,626
909,928
87,698

879,965
788,710
91,255

1,923,097 2,102,927

tal notes and debentures, surplus, undivided profits, reserves for contingencies, and other capital reserves.
NOTE.—See text for effect of changes affecting comparability of items.
Data for assets and liabilities are averages for various call dates; see text
p. 1. Other data are end-of-year.

2. MEMBER BANK INCOME RATIOS, 1941-65
(Computed from aggregate dollar amounts)
Item

1941

Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U S Govt securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue

1944

1945

1946

1947

8.1
7.5
6.4
3.4

9.7
10.7
8.8
3.3

11.1
12.4
9.7
3.4

11.5
14.6
10.9
3.4

11.9
13.3
9.6
3.4

11.2
11.0
7.9
3.4

2.18
.66
.60

Net current earnings before income taxes
Net income before related taxes
Net i n c o m e .
. . .
. .
. . .
Cash dividends declared

1943

7.4
6.7
6.7
3.6

Summary ratios:
Percentage of total capital accounts:

1942

2.05
.67
.53

1.75
.65
.59

2.31
.85
.53

30.2
5.6
46.2
5.0
13.0

28.8
5.6
47.8
5.3
12.5

100.0

100.0

100.0

100.0

100.0

100.0

28.0

27.6

29.1

30.9

31.0

31.0

7.5

7.7

8.7

8.8

9.2

8.9

8.8

27.8

26.0

24.4

24.0

23.2

23.9

23.6

23.5

69.7

67.4

63.0

60.1

60.3

61.1

64.0

63.5

63.3

30.3

32.6

37.0

39.9

39.7

38.9

36.0

36.5

36.7

2.8

2.3
4.5
25.8

+ 3.8

+ 4.6
9.8
34.7

+ 10.7
12.9
37.5

+ 4.5

.7
10.0
25.3

6.3
8.2
22.0

4.5
9.2
23.0

46.4
34.1
4.6
14.9

51.2
30.1
4.6
14.1

100.0

100.0

100.0

30.0

31.0

29.5

9.9

8.6

29.8

Total expenses
Net current earnings before income taxes....

Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

and profits -f)
Taxes on net income
Net income after taxes

27.5

Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits + ) 1

7.0
33.8

/
1

....

. .

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits
Time to total deposits
.
....
Interest on time deposits to time deposits

1.88

1.73

1.43

+ .02

+.14

/
1.47 \
+.16

3 77

.15

\

+.23
3 98

Return on loans:
Revenue on loans
Net losses (or recoveries + ) 1




2.17
.79
.47

35.7
5.8
40.5
4.6
13.4

36.3
43.6
4.6
15.5

For notes see p.

2.01
.72
.51

12.2
10.7
7.6
3.5

43.9
6.1
32.2
4.1
13.7

47.0
4.6
17.0

Number of banks

1.82
.71
.57

12.0
9.9
7.2
3.4

1949

47.4
6.6
28.0
4.2
13.8

} ,M

Distribution of assets:
Percentage of total assets:
U S. Govt. securities
Other securities
Loans
Cash assets
.
Other assets

1.68
.67
.63

1.72
.69
.60

1948

.05

3 47
+.06

27.3
92
25.7
35 4

35.0
80
23.7
31 3

51.1
56
17.2
24 6

2.4

2.0

1.5

11.9
31.5

1.39
2.50
+ .30

+.16

+.04

+ 00

+ .07

+.07

2 97
T1T5

3 18
+ .01

3 55

3 82

4 04

.15

.06

.12

55.4
47
16.2
22.5
1 2

57.4
44
15.8
21.3

53.8
48
18.3
22.0

46.9
54
22.9
23.7

1.1

1.1

1.1

3.19

1.48
2.31

1.53
2.14

1.56
2.14

42.0
5.7
26.2
24.9
1.2

1.58
2.15

42.0
6 1
27.4
23.3
1.2

89

82

67

62

58

59

6.5

66

70

23 9
9.9

24 4
9.0

27 6
7.2

27.8
6.6

27 2
6.2

24 6
6.4

22 0
7.0

20.0
7.2

20 2
7.6

21.2
...2

18.8
1.03

16.2
.87

16.9
.84

18.4
.85

21.0
.82

23.5
.84

23.8
.87

24.6
.90

6,619

6,679

6,738

6,814

6,884

6,900

6,923

6,918

6,892

2. MEMBER BANK INCOME RATIOS, 1941-65
(Computed from aggregate dollar amounts)
Item
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes.
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue

1941

7.4
6.7
6.7
3.6

31.4
47.0
4.6
17.0

1943

9.7
10.7
8.8
3.3

2.18
.66
.60

1.75
.65
.59

1944

11.1
12.4
9.7
3.4
1.72
.69
.60

1945

11.5
14.6
10.9
3.4
1.68
.67
.63

1946

11.9
13.3
9.6
3.4
1.82
.71
.57

1947

11.2
11.0
7.9
3.4
2.01
.72
.51

1948

12.0
9.9
7.2
3.4
2.17
.79
.47

1949

12.2
10.7
7.6
3.5
2.31
.85
.53

36.3
43.6
4.6
15.5

46.4
34.1
4.6
14.9

51.2
30.1
4.6
14.1

47.4
6.6
28.0
4.2
13.8

43.9
6.1
32.2
4.1
13.7

35.7
5.8
40.5
4.6
13.4

30.2
5.6
46.2
5.0
13.0

28.8
5.6
47.8
5.3
12.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

30.0

31.0

29.5

28.0

27.6

29.1

30.9

31.0

31.0

9.9

8.6

7.5

7.7

8.7

9.2

8.9

Total revenue.
Salaries and wages
Officer and employee benefits.
Interest on time deposits
Net occupancy expense
Other current expenses

1942

8.8

' 29.8'

"27.8'

"26.6'

24.4

24.6

23.2

"2V.9'

23.6

"23*. 5'

Total expenses

69.7

67.4

63.0

60.1

60.3

61.1

64.0

63.5

63.3

Net current earnings before income taxes...

30.3

32.6

37.0

39.9

39.7

38.9

36.0

36.5

36.7

Net losses including transfers (or recoveries
and profits + )
Taxes on net income
Net income after taxes

2.8

2.3
4.5
25.8

+ 3.8
7.0
33.8

+ 4.6

+ 10.7
12.9
37.5

+4.5

27.5

.7
10.0
25.3

6.3
8.2
22.0

4.5
9.2
23.0

Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits -(-)'
Return on loans:
Revenue on loans
Net losses (or recoveries + )1 . . .

9.8
34.7

1.88

1.73

1.43

1.47

+.23

+.02

+.14

+.16

1.39
2.50
+ .30

3.98
.15

3.77
.05

3.47
+.06

3.19

2.97

+.07

11.9
31.5

1.48
2.31

1.53
2.14

1.56
2.14

1.58
2.15

+.16

+.04

+ 00

+ .07

3.18
+ .01

3.55
.15

3.82
.06

4.04
.12

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities
Other securities
Loans
Cash assets
Other assets

27.3
9.2
25.7
35.4
2.4

35.0
8.0
23.7
31.3
2.0

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits

8.2

6.7

6.2

5.8

5.9

6.5

6.6

7.0

23.9
9.9

24.4
9.0

27.6
7.2

27.8
6.6

27.2
6.2

24.6
6.4

22.0
7.0

20.0
7.2

20.2
7.6

21.2
1.12

18.8
1.03

16.2
.87

16.9
.84

18.4
.85

21.0
.82

23.5
.84

23.8
.87

24.6
.90

6,619

6,679

6,738

6,814

6,884

6,900

6,923

6,918

6,892

Time to total deposits
Interest on time deposits to time deposits
Number of banks
For notes see p.




51.1

5.6
17.2
24.6
1.5

55.4
4.7
16.2
22.5
1.2

57.4
4.4
15.8
21.3
1.1

53.8
4.8
18.3
22.0

46.9
5.4
22.9
23.7
1.1

42.0
5.7
26.2
24.9
1.2

42.0
6.1
27.4
23.3
1.2

2. MEMBER BANK INCOME RATIOS, 1941-65 — Continued
(Computed from aggregate dollar amounts)
Item
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue.
Salaries and wages
Officer and employee benefits .
Interest on time deposits
Net occupancy expense
Other current expenses

1950

13.2
12.2
8.3
3.7
2.42
.92
.57

26.5
5.8
50.1
5.3
12.3

100.0
30.6
8.3

1951

14.4
12.5
7.6
3.7
2.56
1.00
.53

22.7
5.7
54.6
5.1
11.9
100.0
30.7
"8.3"

1952

15.4
13.7
7.9
3.7
2.71
1.06
.55

1953

16.4
14.1
7.8
3.8
2.93
1.15
.55

1954

15.6
16.2
9.3
3.9
2.96
1.12
.67

1955

16.6
13.4
7.9
4.0
3.13
1.22
.58

1956

18.1
13.1
7.7
4.1
3.47
1.37
.59

1957

18.1
14.6
8.3
4.3
3.77
1.42
.65

10.8

20.9
5.6
57.7
5.1
10.7

18.1
5.1
61.3
5.1
10.4

17.3
5.0
62.1
5.2
10.4

100.0

100.0

100.0

100.0

29.9

30.3

29.4

28.5

27.7

9.3

10.2

10.2

10.7

13.7

22.5
5.7
56.0
4.8
11.0

22.0
5.5
57.3
4.8
10.4

22.1
5.7
56.2
5.2

100.0

100.0

30.2

8.8

' 23.6'

21.8

' 21*.7'

'2Y.4'

' 21.6'

' 21.5'

"2Y.3"

"2Y.6'

Total expenses

61.9

60.8

60.7

60.6

62.1

61.1

60.5

62.4

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

38.1

39.2

39.3

39.4

37.9

38.9

39.5

37.6

2.9
11.3
23.9

5.2
13.4
20.6

4.4
14.8
20.1

5.4
15.1
18.9

+ 1.5
16.7
22.7

7.5
13.0
18.4

10.8
11.8
16.9

7.1
13.2
17.3

Net losses including transfers (or recoveries and
profits + )
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities. .
Net losses (or recoveries and profits + ) 1 . . .
Return on loans:
Revenue on loans
Net losses (or recoveries + ) 1
Distribution of assets:
Percentage of total assets:
U.S. Govt. securities. . . .
Other securities
Loans
Cash assets
Other assets
Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits
Time to total deposits
Interest on time deposits to time deposits
Number of banks.




+ .09

1.57
1.64

1.66
1.72
.03

1.79
2.03
.10

1.98
2.11
.20

4.17
.05

4.26
.06

4.51
.05

4.69

40.7
7.0
29.0

2.09

2.31

2.13

.28

2.29
.53

2.53
2.50
.35

4.71
.05

4.77
.06

5.02
.11

5.32
.07

33.4
7.9
35.3
22.0

25.7
7.6
44.0
20.8
1.9

35.0
7.4
32.8
23.6

7.6
33.6
23.4

1.2

1.3

6.9

7.0

7.2

7.6

18.9
7.7

16.7
7.6

16.2
7.6

15.8
7.8

16.1
7.9

14.6
8.4

14.7
8.8

23.9
.91

23.0
1.02

24.3
1.23

25.7
1.30

26.1
1.58

27.7
2.08

6,873

6,840

6,743

6,660

6,462

6,393

22.1
1.2

7.0

For notes see p. 11.

10

34.1

6,798

32.6
7.6
35.8
22.7
1.3

1.96
2.12

+ .47

1.4

6,543

2. MEMBER BANK INCOME RATIOS, 1941-65 — Continued
(Computed from aggregate dollar amounts)
Item
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes.
Net income
Sources and disposition of income:
Percentage oj total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

1958

1960

1959

16.6
17.3
9.7
4.3

18.5
12.8
7.9
4.3

3.75
1.32
.77

19.5
17.4
10.0
4.4

4.08
1.48
.64

4.42
1.62
.84

1961

I

1962

1963

16.0
14.4
9.0
4.3

17.5
16.5
9.6
4.4

4.44
1.29
.73

4.28
1.46
.80

1964

15.9
13.3
8.8
4.4
4.56
1.29
.71

15.8
5.2
64.2
5.2
9.6

16.7
5.6
63.7
5.3
8.7

16.6
6.2
63.4
5.2
8.6

15.4
6.9
64.5
5.1
8.1

14.1
7.3
65.5
4.9
8.2

12.2
7.8
67.2
4.7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

27.8

26.2

25.6

' 15.8'

15.8

i6*.i *

25.6
3.6
18.7
4.6
13.4

24.6
3.6
23.2
4.5
13.4

23.8
3.5
25.6
4.5
13.6

22.9
3.4
27.3
4.4
13.8

21.9
3.2
30.4
4.3
13.9

71.8

73.7

21.6
63.3

65.9

69.3

71.0

Net current earnings before income taxes. . . .

36.4

36.7

34.1

30.7

29.0

Net losses including transfers (or recoveries and
profits + )
Taxes on net income
Net income after taxes

11.2
9.6
15.6

3.9
13.9
18.9

2.0
13.5
18.6

3.0
11.0
16.7

2.9
9.7
16.4

Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits -(-)'

2.79
2.70
1.19

3.10
2.92

5.65
.04

Return on loans:
Revenue on loans
Net losses (or recoveries + )'

5.93
.18

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities. . .
Other securities
Loans
Cash assets
Other assets

27.2
8.3
42.5
20.0
2.0

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits

8.0
14.5
9.0

30.0
2.20
6,312

3.05
2.91

3.22
2.95

3.38
2.94

|
|
j

25.3
8.3
44.9
19.4
2.1

4.6
8.1
15.5

+ .21

+ .11

3.63
3.01
.08

5.84
.16

5.93
.12

5.87
.16

5.88
.14

23.4
8.2
46.7
19.1
2.6

22.6
9.2
46.8
18.8
2.6

20.3
10.4
48.8
17.9
2.6

17.7
11.2
50.8
17.6
2.7

8.1

8.0

14.3
9.5

14.5
9.4

14.0
9.3

13.0
9.2

12.5
9.2

11.9
9.1

30.7
2.36

31.3
2.58

33.2
2.73

35.7
3.23

38.6
3.34

40.8
3.47

42.8
3.73

6,233

6,174

6,113

6,047

6,108

6,225

6,221

1
Net losses is the excess of (1) actual losses charged against net income
plus losses charged against valuation reserves over (2) actual recoveries
and profits credited to net income plus recoveries credited to valuation
reserves; net recoveries and profits is the reverse. Transfers to and from

22.6
7.9
47.8

26.3

+ .52

8.3

15.0
8.9




4.62
1.21
.70

17.3
5.5
62.2
5.2
9.8

63.6

Number of banks.

15.1
12.4
8.7
4.4

17.8
5.8
60.7
5.4
10.3

Total expenses

Time to total deposits
Interest on time deposits to time deposits.

1965

1T3
2.4

valuation reserves are excluded for 1948 and thereafter. Before 1948, they
were included with losses and recoveries respectively, and are estimated
to have been relatively small.
2
Ratio of less than .005.

3. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF BANK, 1945, 1955,
AND 1965
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Reserve city

Item

New York
City

City of
Chicago

Reserve city
Country
Other

New York
City

1945

Country

City of
Chicago

Other

1955

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

432,224

105,017

782,646

782,290

866,548

208,703

2,094,761

2,172,578

222,070
24,240
99,427
6,183
7,521
7,696
40,700
24,387

53,482
9,613
23,588
1,903
947
742
9,512
5,230

366,508
47,173
221,537
6,069
31,403
24,773
41,880
43,303

354,742
58,342
227,224
2,231
47,628
30,622
20,042
41,459

156,184
50,928
475,573
8,250
20,377
20,523
88,016
46,697

56,709
15,414
103,266
1,399
2,169
2,091
22,033
5,623

419,979
112,486
1,196,560
35,214
112,599
39,958
103,132
74,833

485,235
116,778
1,246,443
16,499
138,879
47,183
53,811
67,750

Expenses
Salaries—officers
Salaries and wages—others. . .
Officer and employee benefits .
Directors' fees, etc
Interest on time deposits
Interest on borrowed money. .
Net occupancy expense
Furniture and equipment
Other current expenses

216,387
32,142
84,681

55,697
7,819
17,002

478,741
66,294
151,146

516,808
101,982
118,545

471,505
59,719
192,971

110,987
15,577
40,333

1,274,185
169,376
435,128

1,408,449
267,063
391,234

1,109
5,638
978

137

7,288
3

2,150
71,529
767

7,361
98,419
538

1,729
42,524
6,581

296
16,520
1,952

4,818
230,031
9,955

20,345
254,048
3,455

91,839

23,448

186,855

189,963

167,982

36,309

424,877

472,304

Net current earnings before income taxes

215,837

49,320

303,905

265,482

395,042

97,716

820,576

764,129

129,016

25,821

149,592

149,356

47,582

12,380

90,516

62,031

67,875
47,600

9,711
6,041

75,292

85,957

36,707

22,873

6,921
1,101
9,755

5,480
4,123
1,278

25,349
7,463
19,462

12,918
5,630
7,052

7,941
5,600

4,129
5,940

20,416
17,177

23,432
17,094

5,501
17,084
7,221

410
257
831

3,779
18,992
15,471

11,050
11,396
13,985

39,909

20,420

94,650

74,877

123,597

26,625

240,186

223,551

15,289

17,034

48,377

37,085

41,423
5,209

12,180

70,180
45,604

71,710

2,645
18
7,411
4,371

1,119
94,666
28,617

13,504
97,270
31,439

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other
Net income before related taxes.
Taxes on net income.
Federal
State
Net income.
Cash dividends declared.
On preferred stock 1.
On common stock. . .

6,635
17,985

1,475
1,911

23,153
23,120

15,278
22,514

304,944

54,721

358,847

339,961

319,027

83,470

670,906

602,609

90,687
79,484
11,203

15,539
15,533
6

90,454
85,479
4,975

73,382
69,785
3,597

132,510
118,110
14,400

34,112
34,112

278,177
266,305
11,872

245,971
236,834
9,138

214,257

39,182

268,393

266,579

186,518

49,358

392,729

356,637

73,069
427
72,642

13,196

88,459
3,296
85,163

71,210
4,539
66,671

123,909
53
123,856

20,887
68
20,819

201,840
239
201,601

154,305
1,370
152,935

1,648
3,867

1,154

603
14,159

468
14,410

8,051
16,669

1,096
857

48,244
25,815

8,111
32,327

13,196

Memoranda items:
Recoveries credited to reserves:
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets

9,628

3,202
66,285
7,478

6,304
17,203
1,152
5,335
298

1,195
4,024
360
1,379
37

7,209
26,855
1,869
10,398
487

5,107
23,712
2,185
9,588
434

13,219
7,746
2,370
7,308
724

2,845
2,764
684
1,893
52

25,872
20,071
5,169
14,697
1,030

22,715
22,871
5,652
12,149
814

Total assets.

30,292

6,995

46,818

41,026

31,368

8,238

66,839

64,201

Time deposits
Total deposits
Total capital accounts 4 .

1,123
27,742
2,026

659
6,594
362

8,655
44,150
2,435

11,050
38,497
2,420

3,431
27,242
2,744

1,312
7,464
611

16,113
60,847
4,483

19,126
58,911
4,661

2,873
39,465

645
7,909

9,805
82,248

26,580
77,838

4,080
50,842

1,005
10,882

16,540
136,857

36,998
143,600

37

12

359

6,476

292

6,220

Number of officers... .
Number of employees.
Number of banks
For notes see p. 8.




12

3. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF BANK,
1945, 1955, AND 1965—Continued
(income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Reserve city
Country
N e w York
City

City of
Chicago

Item

1965
2,295,580

576,159

5,239,591

5,730,452

180,019
204,142
1,544,001
18,674
46,689
32,807
195,121
74,127

60,137
52,385
379,063
2,934
4,077
7,016
52,299
18,248

549,243
374,306
3,529,868
86,198
260,533
89,000
266,420
84,023

897,045
448,037
3,674,388
59,970
341,934
95,087
154,067
59,924

. Revenue
Interest and dividends on securities:
U.S. Govt.
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc.
Trust department
Other current revenue

1,607,259
112,608
328,008
92,408
1,907
712,673
63,457
107,019
33,550
155,629

400,818
29,411
70,140
19,770
532
191,590
17,387
17,381
11,272
43,335

3,871,058
358,316
780,265
162,947
7,010
1,632,455
80,172
218,517
131,068
500,308

4,327,185
547,031
798,165
173,193
39,161
1,677,426
22,679
255,257
157,774
656,499

. Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc.
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

688,321

175,341

1,368,533

1,403,267

33,838

29,474

136,916

129,679

7,270
129
16,668

6,568
94
11,675

22,176
3,091
36,464

31,442
1,819
26,147

788
6,154
2,829

4,429
6,708

725
41,931
32,529

9,011
20,591
40,669

216,500

39,730

361,176

365,071

5,171
5
1,086

3,802
7,008

29,081
483
28,300

32,014
4,362
17,782

74
201,022
9,142

23,449
5,471

176
260,330
42,806

19,052
239,196

505,659

165,085

1,144,273

1,167,875

130,701
103,709
26,992

51,311
51,311

357,760
316,427
41,333

340,193
317,263
22,930

374,958

113,774

786,513

827,682

240,354
19,192
221,162

44,503
199
44,304

425,774
24,193
401,581

346,886
8,664
338,222

63
10,990

2,248
2,268

346
33,969

1,046
53,049

1,471
51,851

2,340
11,183

10,978
122,300

6,549
160,866

30,467
5,429
6,268
11,960
2,720

7,563
1,778
1,610
2,368
386

61,250
14,903
11,810
20,873
2,986

59,494
23,591
14,970
16,715

56,845

13,704

111,822

117,154

Total assets

16,849
47,261
4,893

4,805
11,993
1,095

42,827
99,199
8,756

48,482
105,208
9,306

Time deposits
Total deposits
Total capital accounts'

6,818
60,192

1,587
13,697

29,800
175,158

53,214
210,835

171

6,027

For notes sec p. 8.




52,665

2,384

Net current earnings before income taxes
Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
. All other
.Net income before related taxes
. Taxes on net income
Federal
State
. . . Net income
. Cash dividends declared
On preferred stock ]
On common stock
Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: •
*
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets4
Other assets

Number of officers
Number of employees
Number of banks

13

4. MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965
(Computed from aggregate dollar amounts)
Reserve city
New York
City

Item

City of j
Chicago

Reserve city
Country
Other

New York
City

1955

1945
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Salaries and wages
Officer and employee benefits.
Interest on time deposits
Net occupancy expense
Other current expenses

51.4
5.6
24.4
1.7
16.9

27.0
1.3

13.6
15.1
10.8
3.6
1.50
.71
.56

50.9
9.2
24.3
.9
14.7
100.0
23.6
6.9

12.5
14.7
11.0
3.6
1.67
.65
.57

11.0
14.0
11.0
2.9
1.91
.65
.65

14.4
11.6
6.8
4.5
2.76
1.26
.59

16.0
13.7
8.1
3.4
2.53
1.19
.60

18.3
15.0
8.8
4.5
3.13
1.23
.59

16.4
12.9
7.7
3.3
3.38
1.19
.56

45.3
7.5
29.3
6.1

18.0
5.9
55.8
2.4
17.9

27.2
7.4
50.1
1.0
14.3

20.0
5.4
58.8
5.4
10.4

22.3
5.4
58.1
6.4
7.8

100.0

100.0

100.0

100.0

100.0

100.0

27.8

28.2

29.2

26.8

28.8

30.3

9.1

12.6

4.9

7.9

11.0

11.7

46.9
6.0
29.1
4.0
14.0

Net current earnings before income t a x e s . . . .
Net losses including transfers (or recoveries and
profits + )
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities. . .
Net losses (or recoveries and profits + ) l • • •
1

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities. . . .
Other securities
Loans
Cash assets
Other assets
Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits
Time to total deposits
Interest on time deposits to time deposits
Number of banks

' 21.8'

"22.5'

"24.3'

' 25.2

"20.3'

"is.'5'

' 2Y.6'

"22.8"

50.1

Total expenses




1.43
.71
.71

100.0

Total revenue.

Return on loans:
Revenue on loans
Net losses (or recoveries + )

10.7
15.1
10.6
3.6

Country

City of
Chicago

53.0

61.2

66.0

54.4

53.2

60.8

64.8
35.2
7.5
11.3
16.4

49.9

47.0

38.8

34.0

45.6

46.8

39.2

+ 20.7
21.0
49.6

+ 5.1
14.8
37.3

+ 7.0

+9.5

8.8
15.3
21.5

6.8
16.4
23.6

7.2
13.3
18.7

1.29
2.10
+ .55
1.68

11.5
34.3

9.4
34.1

2.67
.03

+ .22

+ .28

1.50
2.67

2.02
2.15
.39

2.13

3.16
.04

4.49
.16

3.66

1.33

1.36
2.52

2.05
2.25
.11

2.09
2.18
.34

2.12
2.07
.21

3.68

4.76
.03

5.56
.09

+ .02

+ .02

+ .22

56.8
3.8
20.8
17.6
1.0

57.5
5.1
17.1
19.7
.6

5.2

5.9

8.7

7.4

6.7

7.3

26.1
7.3

22.7
5.5

31.3
6.3

16.8
10.1

14.0
7.4

16.0
7.9

4.0
.50

10.0
1.11

28.7
.89

12.6
1.24

17.1
8.2
17.6
1.26

26.5
1.43

32.5
1.33

37

12

18

13

292

14

57.4
4.0
15.4
22.2

57.8
5.3
12.4
23.4

1.0

1.1

359

6,476

24.7
7.6
42.1
23.3
2.3

33.6
8.3
34.5
23.0
.6

30.0
7.7
38.7
22.0
1.6

35.6
8.8
35.4
18.9
1.3

6,220

4. MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965 — Continued
(Computed from aggregate dollar amounts)

Country
Item
1965

14.1
10.3
7.7
4.9
4.04
1.21
.66

7.8
8.9
68.1
2.0

16.0
15.1
10.4
4.1
4.20 !
1.28
.83

15.6
13.1
9.0
4.9

15.1
12.5
8.9
3.7

4.69
1.22

4.89
1.20

.70

.71

15.6
7.8
65.2
6.0
5.4

13.2

13.5

10.5
7.1
69.0
5.0
8.4

100.0

100.0

100.0

100.0

19.2

17.3

23.5

3.0

11.1

12.6

21.7
3.1
31.2
4.2
13.7

15.3

70.0

69.6

73.9

75.5

30.0

30.4

26.1

24.5

4.0
31.0

4.7

8.0
5.7
16.3

10.4

9.1

66.3
.7

3.4
33.3

1.8
8.9
19.7

4.3
6.8
15.0

3.0
29.3

4.4

4.1
5.9
14.5

3.32
3.26
+.01 j

3.38
3.25

+.08

3.69
3.17 '<
.06 |

3.80
2.99
.02

5.13
.13

5.05
.12

5.90 j
.14

6.28
.20

9.6
11.0
53.6
21.0
4.8

13.0
I 1.7
55.2
17.3
2.8

12.4
10.4

11.5

35.7
4.23

40.1
3.99

9.1

12

13.3
10.5
54.8
18.7
2.7

11.5
8.8
43.2
3.81
171

20.1
12.8
50.8
14.3
2.0

12.1
8.8
46.1
3.46
6,027

.Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses
Total expenses
Net current earnings before income taxes
Net losses including transfers (or recoveries and
profits + )
Taxes on net income
Net income after taxes
. . Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits +) 1
Return on loans:
Revenue on loans
Net losses (or recoveries + ) '
.. Distribution of assets:
Percentage of total assets:
U.S. Govt. securities
Other securities
Loans
Cash assets
Other assets
. .Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits
Time to total deposits
Interest on time deposits to time deposits
. . . Number of banks

For note see p.




15

5. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS,
BY FEDERAL RESERVE DISTRICT, 1965
A. ALL BANKS
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Federal Reserve district
Item
Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St.
Louis

Revenue
620,004 3,396,081 669,023 1,040,164 684,431 814,557 2,037,954 435,417
Interest and dividends on securities:....
56,342
155,056 93,646 119,668
320,535 69,606
U.S. Govt
312,086 82,459
102,595 41,583 57,434
172,067 36,699
Other
38,279
306,261 48,217
654,418 451,551 519,319 1,299,601 284,890
401,034 2,277,952 443,056
Interest and discount on loans
31,512
8,977 11,117 11,750
2,516
5,231
5,025
16,087
Other charges on loans
109,682 25,188
41,859 39,622 52,507
72,150 16,855
Service charges on deposits
36,007
12,287 14,972 16,737
6,362
45,333
9,122
29,935
Other charges, fees, etc
15,571
228,563 46,127
53,318 25,724 27,295
94,531 13,829
Trust department
56,388
9,847
11,654
6,216
4,660
84,692
9,829
33,048
Other current revenue
11,152
Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

429,984 2,469,277 477,854
197,129 49,925
52,188
492,989 97,310
105,043
129,882 23,371
24,481
4,866
6,933
2,681
121,296 1,075,972 175,601
70,769
7,992
8,010
29,874
161,285 30,127
60,904 17,737
18,163
273,414 70,925
68,248

Net current earnings before income taxes. . 190,020
Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
A other
M
Net income before related taxes
Taxes on net income
Federal
State
Net income
Cash dividends declared
On preferred stock l
On common stock
Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets

926,804 191,169

Minne- Kansas
apolis
City
Dallas

San
Francisco

359,729 583,306 701,424 2,499,692
56,209 89,405 95,293 236,139
27,012 37,809 53,209
157,705
226,182 381,236 477,218 1,710,863
4,506 7,073
3,506
60,476
19,726 33,925 29,808
175,904
9,361 11,047
12,561
40,622
10,959 19,248 18,639
73,286
7,816 9,137
3,574
44,697

760,407 484,350 599,436 1,532,975 310,307 265,687 420,251 509,130 1,946,662
68,825 61,037 72,185
196,766
143,586 38,892 35,708 65,079 66,046
138,450 104,175 122,292
384,228
269,512 57,405 44,144 78,489 82,541
28,032 20,120 25,903
76,088
62,437 12,666 11,459 15,892 17,987
3,113
2,119
3,800 4,045
3,835
3,798
4,006
2,398
7,016
336,516 165,073 202,997
701,734 114,205 103,869 142,275 189,294 885,312
5,482
5,435 12,446
8,373
4,929
6,563
4,138
22,714
26,844
35,420 28,817 34,668
111,526
76,994 17,339 14,458 25,983 31,683
9,794 18,633 17,148
64,926
23,253 18,717 26,596
46,288 11,505
117,703 77,684 104,226
198,564 49,700 39,998 64,665 87,940 202,704
279,757 200,081 215,121

504,979 125,110

94,042 163,055 192,294

553,030

21,753

66,317

12,191

27,374

11,976

11,346

67,294

18,093

8,218

12,021

9,569

63,755

1,927
233
4,799

12,085
285
24,210

3,585
71
4,225

3,126
78
7,118

4,313
40
1,072

4,071
110
1,138

13,759
407
20,578

5,537
57
2,601

744
295
1,009

4,127
361
1,112

2,832
78
527

11,350
3,118
22,565

319
4,952
9,523

1,269
13,509
14,959

481
1,643
2,186

570
12,625
3,857

489
3,304
2,758

515
1,114
4,398

555
8,098
23,897

563
6,717
2,618

1,171
2,436
2,563

1,705
542
4,174

2,153
1,219
2,760

734
16,946
9,042

46,534

284,850

36,438

67,315

42,473

57,572

139,454

36,882

22,379

39,256 50,802

158,522

6,831
141
1,964

10,710
265
7,953

4,531
201
2,243

6,216
265
4,200

4,006
249
898

3,209
357
1,576

15,528
614
17,490

4,456
725
1,693

1,777
346
585

359
27,226
10,013

1,172
244,765
19,985

634
22,479
6,350

1,068
50,777
4,789

1,080
30,197
6,043

2,437
42,773
7,220

1,068
84,960
19,794

1,227
23,356
5,425

826
17,307
1,538

165,239
58,130
47,682
10,448
107,109

708,271 166,922
175,126
141,847
33,279

52,914
52,477
437

533,145 114,008

239,816 169,584 168,895

7,626
257
11,173

4,330 3,541
26,882 35,077
4,148 5,071

1,560
118,198
19,708

432,819 106,321

79,881 135,820 151,061

458,263

31,302
30,667
635

27,292 45,737 45,061
22,650 42,093 45,900
3,644
4,642
61

147,686
114,444
33,242

54,634
53,417
1,217

119,187
116,944
2,243

179,311 108,093 114,261

313,632

75,019

52,589

90,083 105,100

310,577

50,348 48,135
1,642
1,942
48,706 46,193

123,999
3,324
120,675

32,273
1,418
30,855

24,506
167
24,339

40,971 56,080
1,231
2,029
39,740 54,051

174,238
15,611
158,627

116
1,230

230
16,167

466
1,824
22,099 30,756

2,324
72,199

60,505
60,505

61,491
60,084
1,407

3,163
420
3,530

2,015
1,010
871

53,508
353
53,155

315,048
23,017
292,031

59,245
428
58,817

79,166
1,086
78,080

14
4,257

474
20,233

9
3,440

134
6,482

255
3,010

42
7,536

2,331
15,656

74
2,458

6
2,446

1,117
13,663

5,531
79,496

1,019
12,269

5,215
16,680

273
12,002

86
26,470

3,004
43,400

454
8,348

25
8,818

6,779
1,599
1,314
2,112
305

42,637
8,954
9,732
14,644
3,168

7,634
2,265
1,623
2,300
304

11,724
4,101
3,302
3,463
413

7,535
2,469
1,385
2,487
303

8,445
3,202
1,815
3,462
424

23,205
8,640
5,537
7,119
946

4,964
1,870
1,217
2,010
175

3,740
1,461
872
1,222
163

6,308
2,309
1,249
2,559
255

8,130
2,529
1,778
3,494
477

27,674
6,302
4,833
7,044
1,542

18
7,361

Total assets

12,108

79,136

14,125

23,003

14,179

17,349

45,448

10,237

7,458

12,679

16,408

47,395

Time deposits
Total deposits
Total capital accounts4

3,274
10,393
1,086

26,991
67,201
6,550

5,466
12,479
1,211

9,890
20,409
1,999

4,738
12,598
1,169

5,526
15,554
1,395

19,171
40,815
3,305

3,252
9,160
854

3,034
6,707
569

3,836 5,184
11,342 14,627
1,122
1,346

22,599
42,376
3,445

4,387
25,125

14,201
101,531

4,768
23,892

5,845
32,441

5,756
28,037

6,664
32,214

11,329
63,516

3,887
15,595

3,530
11,751

6,132 6,193
20,072 21,245

18,727
84,463

252

409

408

409

520

1,006

483

495

Number of officers
Number of employees
Number of banks
For notes see p. 8.




16

835

675

225

5. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS,
BY FEDERAL RESERVE DISTRICT, 1965 — Continued
B. RESERVE CITY BANKS
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Federal Reserve district

Boston

New
York

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

212,167

118,821

15,710
9,414
133,979

11,194
10,441
83,948
2,238
5,260

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

134,720
14,904

Net current earnings before income taxes.
Recoveries, transfers from reserves,
and profits
On securities:
Profits
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

San
Francisco

St.
Louis

Minneapolis

462,595

198,574

106,754 210,177 313,257 2,057,322

61,824
39,151
305,284
4,105
17,605
7,861
20,768
5,997

21,315
16,604
138,558
1,278
6,759
2,315
9,353
2,392

10,648 24,463 38,813 188,032
6,539 13,433 22,342 132,379
71,080 144,451 220,957 1,415,006
1,035
1,696
4,484 48,020
3,232
6,657
4,690 142,726
2,158
4,901
4,827 28,372
8,300
13,526 13,212 64,479
1,019
3,793
3,932 38,308

243,728 229,305 358,814 137,380
23,672
12,778
27,848
23,573
28,236
72,728
56,286
48,456
6,228
14,852
10,685
11,045
577
451
1,053
703
79,743
77,090 161,520 48,857
4,930
6,847
4,105
3,959
7,483
19,893
16,072
13,108
5,535
9,513
9,620
10,785
38,423
41,751
47,940 22,882

74,086 147,873 217,586 1
1,598,351
7,065
15,816 18,988 154,739
15,908 31,086 31,282 313,528
3,643
6,010
8,201 62,591
253
402
431
1,302
25,257 52,766 92,940 751,660
3,787
3,411
11,399 20,671
9,409 10,667 89,407
4,354
3,219
7,597
6,512 50,100
10,976 21,000 37,166 154,353

Chicago

Kansas
City

Cleveland

Richmond

283,469

606,564

350,304

319,587

1,395
3,042
1,303

23,655
14,878
192,058
2,134
10,745
4,941
29,183
5,875

70,200
67,881
384,611
6,207
20,372
7,447
41,854
7,992

38,932
44,457
20,757
20,487
227,911 212,025
6,183
6,109
21,473
15,945
7,742
7,321
18,368
14,919
3,683
3,579

36,377
7,593
228
35,019
6,207
8,707
5,285
20,400

94,737
8,089
16,581
3,613
380
46,566
809
5,412
2,261
11,026

197,149
18,542
47,434
12,105
537
59,673
6,731
14,277
7,918
29,932

437,329
32,302
82,363
16,381
693
201,364
7,316
19,728

77,447

24,084

86,320

169,235

106,576

90,282

103,781

61,194

32,668

62,304

5,328

3,505

5,517

19,347

5,506

4,696

21,225

12,984

2,881

5,130

2,262

48,535

277

244

348

1,152

1,798

"4,i36

6
4,498

3,530
6
2,250

2,377

1,072

1,186
2
5,609

42

2,340

1,709
26
889

312

"262

729
4
121

8,784
3,047
14,674

22
431
955

353
16,567
5,110

2,709

5,069
9,720
29,416
6,150

29
661

Philadelphia

12,723

64,459

Atlanta

95,671 458,971

2,021

1
1,918
270

26
68
939

3
11,310
2,378

24
2,135
1,248

2
1,959

41
698
13,689

5,967
1,231

73
2,174
280

' 2,449

20,457

7,066

13,624

45,955

22,173

21,535

43,450

20,546

7,256

13,864

1,913

3,609
3

2,239
13
728

1,327

3,039
231
919

111

180

3,816
7
8,901

521
26
462

1,093
13
2,380

6,368
190
7,884

15,144
4,049

48
17,262
2,718

23,585
7,141

14,442
1,915

43
6,247
180

14,176
1,406

85
96,395
15,260

78,865 381,324
26,286 122,724
26,286 92,749
29,975

3,836

543

9J8

Y,i26

' Y,322

3,471

10,876
4,827

5,031
366

8,340
2,049

36,524
2,348

9

42

19,068 126,182

Net income before related taxes.

62,318

20,523

78,213

142,627

89,909

73,443

81,556

53,632

28,293

12,308
547
53,570

Taxes on net income
Federal
State

26,072
21,643
4,429

4,622
3,733

27,047
27,047

31,337
31,337

34,028
33,079
949

23,919
23,497
422

16,614
15,644
970

15,809
15,547
262

10,319
8,310
2,009

18,983
17,555
1,428

Net income.

36,246

15,901

51,166

111,290

55,881

49,524

64,942

37,823

17,974

34,587

52,579 258,600

Cash dividends declared..
On preferred stock ' . .
On common stock.. . .

22,423
295
22,128

10,209
459
9,750

29,018

51,968
773
51,195

29,041
1,536
27,505

22,752
1,711
21,041

32,077
2,285
29,792

18,773
1,252
17,521

9,328
91
9,237

18,999
1,100
17,899

32,939 148,247
12,933
1,758
31,181 135,314

29,018

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: *
On securities
On loans

1,269

27
2,234

106
2,566

62
1,074

1,872

56
4,133

65
655

2,175

30
3,838

850
4,422

1,161
4,058

4,863
8,489

53
5,255

3
6,540

50
9,019

19
2,687

1,497

218
8,209

1,567
11,124

Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets4
Other assets

2,414
481
329
879
134

1,294
283
333
309
63

7,189
1,911
2,167
2,241
265

3,986
1,164
674
1,459
167

3,600
1,080
633
1,691
175

5,509
1,711
1,235
2,066
204

2,609
584
537
1,177
89

1,298
288
209
591
52

2,660
649
419
1,256
127

4,159
1,097
720
1,911
274

Total assets

4,237

2,283

5,964

13,774

7,450

7,179

10,725

4,996

2,439

5,1

8,160

39,504

Time deposits
Total deposits
Total capital accounts 4 .

866
3,560
413

1,660
5,234
492

5,671
12,125
1,243

2,209
6,619
584

1,979
6,386
595

4,264
9,654
745

1,299
4,403
430

699
2,153
191

1,370
4,534
464

2,517
7,149
678

19,119
35,345
2,761

976
7,555

1,342
10,643

2,172
17,201

2,256
14,311

1,858
11,901

1,581
16,388

1,030
7,205

530
3,732

1,204
7,052

1,400
7,219

14,780
67,521

Number of officers . . .
Number of employees.
Number of banks.

16

NOTE.—Figures do not include reserve city banks in the cities of N e w
York and Chicago.
For other notes, see p. 8.




17

26

22

12,179

5. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS,
BY FEDERAL RESERVE DISTRICT, 1965—Continued
C. COUNTRY BANKS
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Federal Reserve district
Item

Boston

New
York

Philadelphia

Revenue
Interest and dividends o n securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

407,837

981,680

Cleveland

Richmond

Chicago

San
Francisco

St.
Louis

Minneapolis

385,554 433,600 334,127 494,970 999,200

236,843

252,975 373,129 388,167 442,370

40,632 120,873
58,804 84,856 49,189
80,736 198,574
28,865| 91,678
34,714 21,096
33,339
36,677 80,531
267,0551 650,003 250,998 269,807 223,640 307,294 615,254
2,522) 10,600
2,770
4,934
2,891
5,641
9,048
30,9381 57,733
18,149
14,443 21,487
36,562 50,468
11,131
5,851
4,840
7,230
4,181
9,416
15,058
30,400
26,972
11,464
7,356
16,944
12,376 21,464
9,262
5,002
3,662
2,533
3,954
6,268
8,803

48,291
20,095
146,332
1,238
10,096
4,047
4,476
2,268

64,94;
56,480 48,107
45,561
24,376 30,867 25,326
20,473
155,102 236,785 256,261 295,857
2,810
2,589 12,456
2,471
16,494 27,268 25,118 33,178
7,203
6,220 12,250
7,660
5,72
5,427
8,807
2,659
4,023
5,205
6,389
2,555

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

295,264 767,281 280,705 323,078 240,622 370,131 773,343 172,927
37,284
76,432 31,383
36,523
33,189 48,612 90,503
26,114
68,666 148,400 49,876
56,087 47,889
73,836 126,644 29,169
16,888
33,861
11,266
9,435
11,651
14,858 27,815
6,438
2,453
4,646
4,329
2,745
3,142
3,303
5,907
2,662
86,277 316,733 115,928 135,152 85,330 125,907 348,624 65,348
1,803
824
6,503
1,261
1,057
2,604
2,610
552
21,167 48,854
15,850
15,692| 12,745 21,560
39,720
9,856
12,878 25,093
10,530
16,976 24,231
5,970
9,204
9,819
47,848 106,759 40,993
53,244 39,261
62,475 107,289 26,818

191,601 272,378 291,544 348,311
28,643 49,263 47,058 42,027
28,236 47,403 51,259 70,700
9,88;
9,786 13,497
7,816
3,398
3,614
1,866
1,096
78,612 89,509 96,354 133,652
1,047
727
1,648
2,043
10,104
16,574 21,016 22,119
6,575
11,036 10,636 14,826
29,022 43,665 50,774 48,351

Net current earnings before income taxes

112,573

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other

214,399

Kansas
City

Dallas

104,849

110,522

93,505

124,839

225,857

63,916

61,374

100,751

96,623

94,059

16,425

28,974j

6,674

8,027

6,470

6,650

16,595

5,109

5,337

6,891

7,307

15,220

1,650
233
2,459

4,571
156!
6,470

3,237
71
89

1,974
72
2,620

2,515!
40 i
771

2,362
84
249

6,005
311
3,294

2,007
51
351

702
295
697

1,750
361
850

2,103
74
406

2,566
71
7,891

290
4,291
7,502

480l

5,437'
11,860!

455
1,575
1,247

567
1,315
1,479

465
1,169
1,510

404
1,112
2,439

514
2,971
3,500

563
750
1,387

1,098
262
2,283

1,663
542
1,725

2,131
788
1,805

381
379
3,932

Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

26,077

61,284

22,814

21,360

20,300

36,037

56,274

16,336

15,123

25,392

31,734

32,340

. 2,995
141
1,046

4,996
260!
5,741
1,098!
38,7121
10,477'

2,618
201
921

2,607
262
729

1,767
236
170

1,882
357
1,396

7,910
607
1,581

1,417
494
774

1,000
346
576

1,494
984
409

2,070
407
1,150

1,258
67
3,289

634
14,139
4,301

1,068
14,253
2,441

1,080
15,053
1,994

2,389
25,511
4,502

1,0681
37,926i
7,182

1,227
8,914
3,510

783
11,060
1,358

4,330
14,574
3,601

3,541
20,901
3,665

1,475
21,803
4,448

Net income before related taxes

359
16,350
5,186
102,921

182,089

88,709

97,189

79,6751

95,452

186,178

52,689

51,588

82,250

72,196

76,939

Taxes on net income
Federal
State

32,058
26,039
6,019

39,803
34,405
5,398

25,867
25,430
437

29,168
29,168

27,4631
27,005
458

30,715
29,920
795

51,262
49,989
1,273

15,493
15,120
373

16,973
14,340
2,633

26,754
24,538
2,216

19,675
19,614
61

24,962
21,695
3,267

Net income

70,863

142,286

62,842

68,021

52,212

64,737

134,916!

37,196

34,615

55,496

52,521

51,977

Cash dividends declared.
On preferred stock 1
On common stock

31,085
58
31,027

64,485
3,366
61,119

30,227
428
29,799

27,198
313
26,885

21,307
106
21,201

25,383
231
25,152

47,419
840
46,579

13,500
166
13,334

15,178
76
15,102

21,972
131
21,841

23,141
271
22,870

25,991
2,678
23,313

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans

14
2,988

384
7,009

9
2.362

28
3,916i

193
1,936

27
9,255

9
1,803

6
1,550

18
5,186

86
7,392

230
3,988

267
9,241

2,899
23,587

1,019
7,423

352!

220
6,747

614
23,198

435
5,661

25
7,321

248
13,890

257
19,632

130
16,045

Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets4
Other assets .

4,365
1,118
985
1,233
170

10,876
3,241
3,131
2,375
385

4,217
1,651
1,138
1,005
150

4,535i
2,1901
1,135|
1,222!
1481

3,548
1,305
711
1,029
136

10,134
5,152
2,692
2,685
356

2,354
1,286
680
834

2,442
1,172
663
630

3,647
1,660
830
1,303
127

3,972
1,432
1,058
1,583
204

4,558
1,260
764
1,047
261

7,872

20,008

8,162

9,229

6,728

10,170

21,018

5,241

5,019

7,568

8,248

7,891

2,529
5,979!
585j

3,548!
9,168
800;

10,102
19,168
1,465

1,953
4,757
424

2,334
4,553
378

2,466
6,808
658

2,667
7,478
667

3,479
7,031
683

3,500 j 4,806i
13,726,' 20,313|
392j
4941

8,161
33,431

2,857j
8,390

3,000
8,019

4,928
13,020

4,793
14,026

3,947
16,942

487

813

Total assets
Time deposits
Total deposits
Total capital accounts4
Number of officers
Number of employees
Number of banks

2,4081
6,8331
6741

8,970
17,903
1,497

3,806
7,245
719

4,219
8,284
756

3,4111
17,570

6,712
36,909

3,426
13,249

3,673
15,240

394

488

For notes see p. 8.




18

980

468

6. MEMBER BANK INCOME RATIOS, BY FEDERAL RESERVE DISTRICT, 1965
A. ALL BANKS
(Computed from aggregate dollar amounts)
Federal Reserve district
Item
Boston

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes.
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes.
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
'.
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue

17.5
15.2
9.9
4.9
5.12
1.57

Philadelphia

Cleveland

Richmond

Atlanta

15.8
13.8
9.4
4.9

New
York

14.0
12.0
9.0
4.0

17.1
14.5
9.2
4.3

15.4
12.1
8.2
3.5

4.74
1.35
.81

4.52
1.22
.78

4.83
1.41
.76

4.70
1.24
.66

Chicago

15.3
13.1
9.5
3.8
4.48
1.11
.69

St.
Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

14.6
12.4
8.8
3.8

16.5
14.0
9.2
4.3

14.5
12.1
8.0
3.7

14.3
11.2
7.8
4.2

16.1
13.3
9.0
5.1

4.25
1.22
.73

4.82
1.26
.71

4.60
1.29
.71

4.2'

i.r

.64

5.27
1.17
.66

9.1
6.2
65.5
5.8
13.4

9.2
9.0
68.0
3.2
10.6

12.3
7.2
67.0
3.8
9.7

14.9
9.9
63.8
4.0
7.4

13.7
6.1
67.6
5.8
6.8

14.7
7.1
65.2
6.4
6.6

15.7
8.5
64.6
3.5
7.7

16.0
8.4
66.0
3.9
5.7

15.6
7.5
63.9
5.5
7.5

15.3
6.5
66.1
5.8
6.3

13.6
7.6
69.0
4.3
5.5

9.4
6.3
70.9
7.0
6.4

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

25.4
3.9
19.6
4.8
15.7

20.3
3.8
31.7
4.8
12.1

22.0
3.5
26.2
4.5
15.2

19.9
2.7
32.4
3.4
14.7

24.1
2.9
24.1
4.2
15.4

23.9
3.2
24.9
4.3
17.3

20.3
3.0
34.4
3.8
13.7

22.1
2.9
26.2
4.0
16.0

22.2
3.2
28.9
4.0
15.6

24.6
2.7
24.4
4.4
15.9

21.2
2.6
27.0
4.5
17.3

23.2
3.1
35.4
4.5
11.7

Total expenses

69.4

72.7

71.4

73.1

70.7

73.6

75.2

71.2

73.9

72.0

72.6

77.9

Net current earnings before income
taxes

30.6

27.3

28.6

26.9

29.3

26.4

24.8

28.8

26.1

28.0

27.4

22.1

6.4
5.2
15.7

3.6
7.9
17.1

3.8
5.8
17.3

4.5
9.0
15.8

5.7 I
6.7
14.0

3.5
5.9
15.4

4.3
7.2
17.3

3.9
7.6
14.6

4.7
7.9
15.4

5.9
6.5
15.0

3.8
5.9
12.4

Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

Net losses including transfers (or recoveries and profits -f)
Taxes on net income
Net income after taxes
Rates of return(per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities..
Net losses (or recoveries and profits + ) 1 . .
Return on loans:
Revenue on loans
Net losses (or recoveries + )'

3.49
3.15
.02
5.99
.14

3.64
2.97
.05

3.78
3.11

3.79
3.00

3.74
3.16

3.71
3.11
.02

3.72
3.02

3.85
3.10
.05

+ .03

3.87
3.03

3.77
2.99
.06

5.421
.14

5.87
.12

5.66!
.09

6.14
.13

6.29
.25

5.67
.12

5.79
.13

6.14
.16

6.12
.28

5.96
.26

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities
Other securities
Loans
Cash assets
Other assets

13.2
10.9
56.0
17.4
2.5

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and
cash assets
Total deposits

9.0

8.3

8.6

12.9
10.4

11.8
9.7

31.5
3.70

40.2
3.99J

Time to total deposits
Interest on time deposits to time deposits..
Number of banks

11.3
12.3
53.9
18.5
4.0

16.0
11.5
54.0
16.3
2.2

17.8
14.4
51.0
15.0

17.4
9.8
53.2
17.5
2.1

8.2

8.0

12.7
9.7

12.9
9.8

12.7
9.3

43.8
3.21

48.5
3.40

252

504

1
Net losses is the excess of (1) actual losses charged against net income
plus losses charged against valuation reserves over (2) actual recoveries
and profits credited to net income plus recoveries credited to valuation




6.40

19.0
12.2
51.0
15.7
2.1

18.3
11.9
48.5
19.6
1.7

8.3

7.6

8.8

8.2

7.3

13.1
9.0

11.1
8.1

13.4
9.3

11.9
8.5

14.4
9.9

13.0
9.2

10.1
8.1

37.6
3.48

35.5
3.67

47.0
3.66

35.5
3.51

45.2
3.42

33.8
3.71

35.4
3.65

53.3
3.92

409 j

520

495

835

675

225

18.5
10.5
48.7
19.9
2.4

1,006

19.6
11.7
50.1
16.4
2.2

18.2
9.8
49.8
20.2
2.0

15.4
10.8
49.6
21.3
2.9

3.75
3.26

+ .04

13.3
10.2
58.4
14.9
3.2

reserves; net recoveries and profits is the reverse. Transfers to and from
valuation reserves are excluded.
2 Ratio of less than .005.

19

6. MEMBER BANK INCOME RATIOS, BY FEDERAL RESERVE DISTRICT, 1965 — Continued
B. RESERVE CITY BANKS
(Computed from aggregate dollar amounts)
Federal Reserve district

Boston

New
York

Philadelphia

Cleveland

Richmond

18.8
15.1
8.8
5.4

15.1
12.8
9.9
6.4

17.5
15.9
10.4
5.9

13.6
11.5
9.0
4.2

18.2

Item

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes.
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue

5.01
1.83
.86

5.20
1.05
.70

4.40
1.23
.81

4.75
1.45
.86

15.4

9.6
5.0
4.70
1.43

.75

Atlanta

15.2
12.3
8.3
3.8
4.45
1.26
.69

Chicago

13.9
10.9
8.7
4.3
4.31
.97
.61

St.
Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

14.2
12.5
8.8
4.4

17.1
14.8
9.4
4.9

13.4
11.5
7.5
4.1

14.1
11.6
7.8
4.9

16.6
13.8
9.4
5.4

3.97
1.22
.76

9.4
8.8
72.6
4.4
4.8

8.3
5.3
68.5
3.8
14.1

11.6
11.2
64.4
3.4
9.4

12.7
5.9
66.8
6.1
8.5

12.2
6.5
68.2
5.0
8.1

13.4
8.4
66.9
3.8
7.5

70.4

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

24.2
3.6
16.5
4.1
15.1

20.8
3.0
39.2
4.5

23.3

5.0

18.9
2.7
33.2
3.3

12.2

15.9

24.0
3.0
22.8
4.6

14.0

15.2

22.5
3.5
24.1
4.1
17.5

20.9
3.2
34.9
4.3
14.3

Total expenses

63.5

79.7

69.5

72.1

69.6

71.7

Net current earnings before income
taxes

36.5

20.3

30.5

27.9

30.4

7.1
12.3
17.1

3.0
3.9
13.4

2.9
9.5
18.1

4.4
5.2
18.3

4.7
9.7
16.0

Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

Net losses including transfers (or recoveries and profits + )
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits + ) 1 .
Return on loans:
Revenue on loans
Net losses (or recoveries + ) 1

7.4
4.4
64.4
2.4
21.4

3.27
2.86
.54

3.96

5.66
.13

4.3
21.0

3.67

100.0

100.0

100.0

100.0

20.7
3.1
24.6
3.8
17.0

21.5
3.4
23.7
4.1
16.7

22.3
2.9
25.1
4.5
15.6

16.1
2.6
29.7

22.8
3.0
36.5
4.4

17.7

11.0

77.6

69.2

69.4

70.4

69.5

77.7

28.3

22.4

30.8

30.6

29.6

30.5

22.3

5.3
7.5
15.5

4.8
3.6
14.0

3.8
8.0
19.0

4.1
9.7
16.8

4.1
9.0
16.5

5.3
8.4
16.8

3.8
6.0
12.5

3.60
3.28

3.86
3.07
.14

.18

.02

+ .02

6.66
.14

5.68
.11

5.44

5.87
.10

6.06
.13

3.61
3.17

+ .03

5.62
.09

5.36
.08

11.3
7.8
57.0
20.7
3.2

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and
cash assets
Total deposits

9.7

7.0

8.2

9.0

7.8

8.3

14.4
11.6

9.5
7.9

12.1
9.4

12.9
10.3

13.5
9.3

10.7

24.3
4.04

57.5
3.97

31.7
3.59

46.8
3.55

12.1
8.8
33.4
3.61

31.0
3.90

16

17

26

Time to total deposits
Interest on time deposits to time deposits..

10.3
8.1
57.3
21.7
2.6

13.9
15.7
52.2
16.3
1.9

Number of banks

15.0
8.8
50.2
23.6
2.4

15.9
11.5
51.4
19.3
1.9

6.9

11.7
10.7
52.2
23.6
1.8

13.3

3.70
3.13

3.77
3.21

.15

5.49
.23

7.1

3.4

3.54
3.10

3.73
3.25
+ .03

5.4;

6.33
.19

+ .15

5.56
.04

12.4

11.8
8.6
53.2
24.2
2.2

8.6

7.7

29.5
3.76

32.5
3.61

15

3.4

12.8
10.3
58.5
15.2
3.2

12.2
8.9

44.2
3.79

13.4
8.8
51.0
23.4

7.8

13.3
9.8

12.7
8.2
52.0
24.6
2.5

.r

15

NOTE.—Figures do not include reserve city banks in the cities of New
York and Chicago.

For other notes, see p. 19.




15.6
9.1
53.5
19.6
2.2

3.65
3.09

.09

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities
Other securities
Loans
Cash assets
Other assets

12.4
14.6
56.7
13.5
2.8

5.21
1.16
.65

9.2
6.4
71.1
6.9
6.4

.23

3.82
3.04

3.84
1.17
.64

72.0
1.5
7.0

3.4
7.1

10.0
6.1
67.6
3.0

4.11
1.22
.68

11.6
6.4
69.5
3.2
9.3

3.14

3.13

10.7
8.4

4.38
1.34
.74

20

6. MEMBER BANK INCOME RATIOS, BY FEDERAL RESERVE DISTRICT, 1965 — Continued
C. COUNTRY BANKS
(Computed from aggregate dollar amounts)
Federal Reserve district
Item

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on depost accounts
All other revenue

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

16.7
15.3
10.5
4.6

14.3
12.2
9.5
4.3

14.6
12.3
8.7
4.2

14.6
12.9
9.0
3.6

16.0
13.6
8.9
3.6

15.6
11.9
8.1
3.2

5.18
1.43
.90

4.91
1.07
.71

4.72
1.21
.77

4.70
1.20

.74

4.97
1.39
.78

4.87
1.23
.64

Chicago

St.
Louis

15.4

15.1
12.4

12.7
9.2
3.2
4.75
1.07
.64

3.2
4.52
1.22

.71

Minneapolis

Kansas
City

Dallas

16.2
13.6
9.2
4.0

15.3
12.5
8.4
3.3

14.5
10.8
7.9
3.5

5.04
1.22
.69

4.93
1.33
.73

San
Francisco

4.71
1.17
.64

9.9
7.1
66.1
7.6
9.3

12.3
9.3
67.3
5.9
5.2

15.3
8.6
65.9
3.7
6.5

19.6
8.0
62.9
4.9
4.6

14.7
6.3
68.4
5.5
5.1

16.3
7.4
63.2
7.4
5.7

19.9
8.1
62.5
5.0
4.5

20.4
8.5
62.3
4.3
4.5

18.0
8.1
62.3
6.5
5.1

17.4
6.5
64.2
7.3
4.6

14.6
7.9
66.7
6.5
4.3

10.9
5.7
69.7
7.5
6.2

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

26.0
4.1

21.1

21.3

4.1
14.6

31.2
3.6
15.7

24.3
2.8
25.5
3.8
15.6

24.7
3.0
25.4
4.4

21.7
2.8
34.9
4.0

23.3
2.7
27.6
4.2

22.5
3.1

5.2
15.9

22.9
3.4
32.3
5.0
14.6

14.0

15.2

15.1

25.4
2.5
24.8
5.4

17.3

25.9
2.7
24.0
4.4
16.0

17.0

25.5
3.0
30.2
5.0
15.0

Total expenses

72.4

78.2

72.8

74.5

72.0 !

74.8

77.4

73.0

75.7

73.0

75.1

78.7

Net current earnings before income
taxes

27.6

21.8

27.2

25.5

28.0

25.2

22.6

27.0

24.3

27.0

24.9

21.3

2.4
7.8
17.4

3.3
4.0
14.5

4.2
6.7
16.3

3.1
6.7
15.7

4.2
8.2
15.6

5.9
6.2
13.1

4.0
5.1
13.5

4.7
6.6
15.7

3.9
6.7
13.7

4.9
7.2
14.9

6.3
5.1
13.5

3.9
5.7
11.7

3.63
2.93
.07

3.73
2.93

2.93

.05

.02

3.87
3.06
.03

6.18
.14

6.07
.16

6.02

6.01

Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

Net losses including transfers (or recoveries and profits + )
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities.
Net losses (or recoveries and profits + ) 1 . .
Return on loans:
Revenue on loans
Net losses (or recoveries -I-)1

21.2

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities
Other securities
Loans
Cash assets
Other assets

14.2
12.5
55.4
15.7
2.2

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and
cash assets
Total deposits
Time to total deposits
Interest on time deposits to time deposits. .
Number of banks.

2.9

2.7

30.1

3.56

3.77
2.97

+ .03

+ .01

3.85
2.99
.04

3.76
2.96
.01

3.89
3.09
.02

2.94

6.44
.15

6.46
.34

6.16
.14

6.27
.19

6.45
.22

6.57
.31

19.4
10.6
52.7
15.3
2.0

3.80,
3.101

4.0

20.9
11.6
47.7
17.4
2.4

23.4
13.2
48.7
12.5
2.2

3.91
.02

21.9
11.0
48.2
17.2
1.7

16.2
15.6
54.4
11.9
1.9

20.2
14.0
51.7
12.3
1.8

23.7
12.3
49.1
13.3
1.6

8.2

8.7

7.9

7.0

8.1

7.5

10.4
8.4

13.1
9.9

13.0
9.1

13.3
9.8

12.7
8.7

11.1
7.6

13.6
8.9

11.8
8.3

14.3

35.2
3.58

50.1
3.53

52.5
3.05

50.9
3.20

42.3
3.37

38.7
3.55

52.7
3.45

41.1
3.35

51.3
3.37

247

394

402

488

392

494

980

3.94
2.92

8.6

21

24.5
12.8
48.2
12.8
1.7

24.5
13.0
44.9
15.9

1.7

3.82
3.31

.o:

+ .07

6.5:
.34

6.76
.29

17.4
12.8
48.1
19.2
2.5

8.7

12.2
9.9

For notes, see p. 19.




i

31.0

16.0
9.7
57.7
13.3

3.3

8.7

9.7

12.7
8.9

12.2
9.7

36.2
3.63

35.7
3.61

49.5
3.84

658

204

7. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY SIZE OF BANK, 1965
(Amounts in thousands of dollars)
Size group—total deposits (in thousands of dollars)
Item

Total

Less than I
2,000

5,00010,000

2,0005,000

10,00025,000

25,00050,000

50,000100,000

100,000500,000

500,000

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

13.817,774

33,046

291,753

555,715

1,123,271

861,958

908,025

2,704,833

7,339,173

1,682,843
1,078,177
9,119,348
167,657
652,716
223,650
657,123
236,260

7,553
1,415
20,885
152
1,903
797

61,609
17,339
184,406
1,786
17,111
6,350
442
2,710

107,600
40,634
352,778
3,998
33,789
9,779
1,837
5,300

197,608
87,707
711,620
10,855
72,759
18,230
13,444
11,048

142,364
68,463
542,030
9,613
53,613
15,699
20,512
9,664

142,477
71,452
574,873
10,150
54,644
15,887
27,638
10,904

345,538
204,978
1,773,734
32,824
139,346
41,281
135,978
31,154

678,094
586,189
4,959,022
98,279
279,551
115,627
457,272
165,139

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

10,185,358
1,043,650
1,972,305
447,270
48,513
4,210,058
183,645
596,627
332,947
1,350,343

25,768
7,523
3,266
683
669
6,460
401
1,704)
850
4,573

226,972
47,075
33,073
6,564
4,911
76,112
343
13,187
7,747
37,960

421,542
69,597
66,392
13,657
7,255
160,233
702
23,985
13,905
65,816

852,661
115,554
146,993
30,931
10,515
335,024
2,019
48,974
28,935
133,716

655,069
80,845
122,128
25,228
5,564
255,402
2,449
38,988
22,630
101,835

690,571
79,319
129,386
28,315
4,265
271,367
4,910
41,679
26,660
104,670

1,991,953
204,551
410,741
88,249
8,026
758,420
25,359
118,016
81,064
297,527

5,320,822
439,186
1,060,326
253,643
7,308
2,347,040
147,823
310,094
151,156
604,246

3,632,416

7,278|

64,781

134,173

270,610

206,889

217,454

712,880

2,018,351

775

Net current earnings before income taxes.
Recoveries, transfers from reserves,
and profits
On securities:
Profits
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other
Net income before related taxes

341

5,375

9,783

19,555

13,924

15,401

79,201

185,714

67,418
5,129
90,947

64
12
2|

85

3,090
456
535

5,861
537
2,133

4,189
241
1,745

5,365
131
1,271

17,560
313
21,670

30,130
3,338
63,506

10,502
73,097
82,635

572!
39|
86

2,546
520
964

2,550
1,046
2,106

2,096
3,056
5,872

788
2,514
4,447

284
2,463
5,887

299
15,229
24,130

1,367
48,230
39,143

329,728

980,749

2,305

20,328

36,629

70,675

53,097

54,991

171,771

570,953

69,802
4,828
54,164

77
14
5

1,014
449
110

2,698
1,226
575

7,417
1,200
2,148

4,917
982
1,442

5,526
255
3,145

16,283
166
12,852

31,870
536
33,887

19,269
723,461
109,225

1,085
927
197!

7,167
9,087
2,501

5,381
22,071
4,678

3,506
46,647
9,757

1,425
37,509
6,822

139
39,288
6,638

375
120,483
21,612

191
447,449
57,020

2,981,395

5,748

49,828

107,327

219,490

167,716

177,864

620,310

1,633,112

188,489
176,815
11,674

474,581
407,369
67,212

877,654
786,709
90,945

1,349
1,245
104

12,797
11,736
1,061

29,688
27,702
1,986

64,451
60,936
3,515

50,640
48,029
2,611

55,659
52,877
2,782

Net income

2,103,741

4,399

37,031

77,639

155,039

117,076

122,205

431,821

1,158,531

Cash dividends declared.
On preferred stock l..
On common stock. . .

1,055,273
52,194
1,003,079

1,797
1,797

14,544
28
14,516

28,459
64
28,395

59,243
354
58,889

47,286
600
46,686

53,257
1,056
52,201

199,746
6,804
192,942

650,941
43,288
607,653

269

22
2,997

31
6,808

179
11,976

175
8.224

514
19,025

2,665
42,172

20
7,610

187
17,270

1,008
33,600

118
8,725
720
26,862

1,896
27,776

4,019
64,896

13,485
167,049

9,353,567 10,202,900 32,244,415
3,683,505 3,656,664 9,023,690
2,530,078 2,581,223 7,182,567
2,576,275 2,925,882 10,294,846
405,396 1,327,700
375,949

96,899,527
18,492,040
19,009,700
30,616,518
6,074,198

Taxes on net income
Federal
State

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets4
Other assets

3,704
100,196
21,335
345,791
169,528,379
44,864,748
36,735,381
52,728,044
8,975,153

323,353
204,880
46,968
133,618
10,396

2,972,812
1,671,335
631,398
1,018,708
110,469

Total assets.

312,831,705

719,215

6,404,722 12,158,867 24,092,261 18,519,374 19,772,065 60,073,218 171,091,983

Time deposits
Total deposits
Total capital accounts 4 . . .

120,843,644
275,067,146
24,834,157

221,791
625,183
87,857

2,513,749 5,157,830 10,615,906 7,978,755 8,266,866 22,514,297
5,709,906 10,986,265 21,819,847 16,740,182 17,828,088 53,726,798
637,586 1,033,836 1,882,039 1,384,160 1,473,833 4,590,888

90,959
458,386

1,235
1,204

6,008
10,157

7,861
19,039

11,518
40,964

7,473
34,181

6,635
33,197

16,698
99,349

443

1,651

1,541

1,402

487

258

263

Number of officers. . . .
Number of employees.
Number of banks

NOTE.—Figures for assets, deposits, and capital accounts arc as of the
end of the year; all other figures are for banks operating during the entire
year.

For other notes see p. 8.




5,734,825 11,796,980
2,935,065 5,197,569
1,482,957 3,270,490
1,794,519 3,367,678
211,501
459,544

22

8. MEMBER BANK OPERATING RATIOS BY SIZE OF BANK AND BY RATIO
OF TIME TO TOTAL DEPOSITS, 1965
(Averages of individual ratios expressed as percentages)
Ratio of time deposits to
total deposits (per cent)

Size group—total deposits
(in thousands of dollars)
Item

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue. . .

All

13.9
11.3
8.3
3.1
5.06
1 19
JO

19.9

1,000
and
under

1,0002,000

6.7
4.8
3.8
1.6

19.9
3.1
65.6
7.1
4.3

100.0

8.0
6.3
2.3

100.0

25.3
2.5

12.1
10.0
7.6
2.7

10.0 I

5.68
.65
.24

7.1
63.6
5.7
3.7

2,0005,000

!
|
I
!

38.1

5.09
1.16
.71

5.27
1.11
.67

5,000- 10,000- 25,000- 50,000- Over Under
10,000 25,000 50,000 100,000 100,000 25

14.4
12.5
8.9
3.6

50
and

25-50

14.4
11.6
8.4
3.1

14.7
11.9
8.7
3.1
5.02
1.23
.72

15.6
12.6
8.9
3.4
5.06
1.22
.70

16.4
13.1
9.2
3.7
5.00
1.20
.68

15.9
13.3
9.3
3.8
4.89
1.18
.69

16.6
14.1
9.9
4.7
4.80
1.28
.75

4.67
1.48
.91

13.2
10.6
8.0
2.9

5.12
1.22
.70

5.10
1.06
.63

22.5
6.4
62.7
5.4
3.0

20.3
7.7
63.4
5.7
2.9

18.2
8.1
63.9
6.2
3.6

16.9
8.2
63.5
6.3
5.1

16.5
8.3
63.7
5.7
5.8

12.5
7.6
67.1
4.8
8.0

22.8
6.8
59.9
6.5
4.0

19.2
7.0

19.9
7.4

63.3
6.4
4.1

64.9
4.7
3.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

26.8
22
26.9
4.2
16.5

24.1
2.5
29.4
4.1

23.4
2.9

29.9
4.5
15.2

22.6
3.0
30.4
4.4
15.4

22.4
3.3
28.2
4.3

26.5
2.5
24.8
4.8
16.9

21.5
2.4
37.3
3.7
14.2

23.4
4.7
63.2 I
5.4 !
3.3 I

16.0

8.0
23.2

31.5
2.0
20.7
5.0
18.4

15.2

23.2
2.8
30.2
4.3
15.4

15.0

33.3
2.8
8.6
5.1
18.0

Total expenses.

76.1

85.8

77.6

76.6

75.3

75.9

75.9

75.8

73.2

67.8

75.5

79.1

Net current earnings before income
taxes

23.9

14.2

22.4

23.4

24.7

24.1

24.1

24.2

26.8

32.2

24.5

20.9

2.6

4.0
.6
2.8
6.8

2.8

2.7
1.4

2.7
1.9
5.5
14.6

2.6

2.1

2.0
1.9
7.0
15.9

2.7
1.3
8.1

3.0
1.7

20.1

14.3

2.2
1.7
4.3
12.7

Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

Net losses (or recoveries and profits + ) 1 .
Net increase in valuation reserves
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans
Return on securities:
Interest on U.S. Government securities...
Interest and dividends on other securities.
Net losses (or recoveries and profits -(-)1. .
Return on loans:
Revenue on loans.
Net losses '

27.9
4.4

1.7
5.3
14.3

1.4
3.9
14.3

3.93

4.36
4.62

6.83
.23

8.07
.37

4.6
14.7

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Government securities and cash assets
Total deposits

16.4
10.8

Time to total deposits
Interest on time deposits to time deposits 2.
Trust department revenue to total revenue 2

44.5
3.4'
2.9

25.1
4.3
46.6
21.6
2.2

H

28.5
6.3
45.8
17.7

1.6

3.92

3.21
.04

3.79
3.20
.02

3.68
3.24
.04

3.94
3.57
+ .01

3.96
3.47
.02

3.89
3.41
.04

6.84
.22

6.73
.20

6.29
.17

6.10
.16

6.82
.23

6.94
.27

6.69
.18

46.9
14.7
1.6

22.9
12.8
48.4
14.0
1.7

21.5
13.0
49.3
14.2
1.6

20.6
12.5
49.7
15.1
1.5

15.9
1 1.4
52.7
17.6
1.5

25.6
9.8
41.6
21.5
1.4

10.3

25.4
28.5
3.28

16.6
36.2
3.38
.5

104

494

25.2
11.4
49.8
12.0
1.4

23.8
10.6
47.0
16.6
1.8

8.6

8.0

11.1

19.0
11.9

14.8
9.7

13.0
9.0

8.4

22.8
12.9

16.8
11.1

43.6
3.42
2.3

46.8
3.44
1.5

48.0
3.48
2.2

46.3
3.55
3.2

13.5
3.09
4.3

39.0
3.55
3.2

,495

1,276

1,699

449

247

327

672

3,015

2,404
I

For notes see p. 25.




3.94
3.24
.03

27.3
9.4
46.1
15.5
1.5

18.3

6,091

14.2

5.5

6.99
.25

7.28
.29!

24.5
10.8
47.5
15.3
1.6

1.8
6.1

1.9
5.7
13.9

3.97
3.67

3.98
4.30

3.46
.0:

Distribution of assets:
Percentage of total assets:
U.S. Government securities
Other securities
Loans
Cash assets
Real estate assets

Number of banks '

2.1
14.4

23

9. MEMBER BANK OPERATING RATIOS BY RATIO OF TIME TO TOTAL DEPOSITS,
BY SIZE OF BANK, 1965
(Averages of individual ratios expressed as percentages)
Banks with ratios of time
to total deposits of
under 25 per cent
Item

All
groups

Banks with ratios of time
to total deposits of
25-50 per cent

Banks with ratios of time
to total deposits of
50 per cent and over

Size group—total deposits (in thousands of dollars)
2,000
2,000
2,000
and 2,000- 5,000- Over
and 2,000- 5,000- Over
and 2,000- 5,000- Over
under 5,000 25,000 25,000 under 5,000 25,000 25,000 under 5,000 25,000 25,000

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Government securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue

13.9
11.3
83
3.1
5 06
1.19
.70

10.8
9.4
75
3.1
4 79
1.34
.93

14.1
12.3
91
3.9
4 57
1.51
.96

16.5
13.6
91
3.5
4 74
1.53
.85

18.5
16.7
10 3
4.2
4 54
1.57
.88

9.2
6.8
5.4
1.8
5.59
.96
.48

12.2
9.8
7.6
2.6
5.22
1.15
.69

16.0
12.9
9.2
3.3
5.06
1.30
.75

16.9
13.9
9.4
4.2
4.85
1.29
.72

8.2
6.3
4.8
1.7
5.47
.80
.42

11.4
9.3
7.1
2.4
5.12
1.04
.64

14.1
11.3
8.3
3.1
5.05
1.10
.65

15.0
12.1
9.2
3.7
5.08
1.04
.64

19.9
7 1
63.6
5 7
3.7

25.6
44
61.0
5 8
3.2

24.5
8 1
58.3
61
3.0

21.3
7 5
59.4
79
3.9

15.1
6 3
63.8
5 9
8.9

21.6
4.4
64.0
6.1
3.9

21.8
62
62.6
6.2
3.2

19.0
7.7
62.9
6.8
3.6

14.8
7.7
64.9
5.7
6.9

22.0
4.3
66.4
4.5
2.8

22.6
5.9
64.5
4.2
2.8

19.4
8.1
65.0
4.8
2.7

16.3
9.0
64.5
5.6
4.6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

25.3
2.5
27.9
4.4
16.0

39 3
2.2
5.9
5.4
18 7

33 5
2.6
7.8
4.7
17 9

30 6
3.2
10.1
5.5
17 7

26 0
3.5
13.3
4.7
17.8

31.6
2.0
21.5
6.1
20.0

28.3
2.1
24.5
4.8
17.5

25.5
2.7
25.1
4.6
16.2

23.6
3.2
26.3
4.5
15.8

26.0
1.8
33.6
4.3
18.1

22.5
2.1
37.0
3.4
14.5

20.8
2.4
37.6
3.6
13.9

21.1
2.7
37.9
4.3
13 *

Total expenses

76.1

71.5

66.5

67.1

65.3

81.2

77.2

74.1

73.4

83.8

79.5

78.3

79

Net current earnings before income
taxes

23.9

28.5

33.5

32.9

34.7

18.8

22.8

25.9

26.6

16.2

20.5

21.7

20.-

Net losses (or recoveries and profits + ) '
Net increase in valuation reserves
Taxes on net income
Net income after taxes

2.6
1.7
5.3
14.3

2.0
1.3
5.2
20.0

3.1
.9
8.0
21.5

3.5
1.8
9.1
18.5

1.1
2.0
12.0
19.6

3.8
1.2
3.2
10.6

2.8
1.6
4.2
14.2

3.0
1.8
6.1
15.0

2.5
2.0
7.0
15.1

2.4
1.4
3.0
9.4

2.4
1.2
4.0
12.9

2.1
2.0
4.6
13.0

1"
.?
4.0
12.6

Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Government securities
Interest and dividends on other securities
Net losses (or recoveries and profits + ) 1
Return on loans:
Revenue on loans
Net losses 1

3.93
3.46
.02

4.02
4.63
.01

3.95
3.24

6 83
.23

7 17
.16

6 85
.26

3.95
3.15

3.70
3.31

4.10
4.18
.03

6 82

6.01

.29

.15

7.65
.43

+ .03 + .03

Distribution of assets:
Percentage of total assets:
U.S. Government securities
Other securities
Loans
Cash assets
Real estate assets

24.5
10 8
47.5
15 3
1.6

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Government securities and cash assets.
.
....
Total deposits

9.4

13.8

11.2

9.5

16.4
10.8

31.4
16.8

22.6
12.8

18.3
10.8

44.5
3.47
2.9

10.4
2.94

12.2
2.88
2.9

15.7
3.25
2.5

168

245

179

Time to total deposits
Interest on time deposits to time deposits 2
Trust department revenue to total revenue 2
Number of banks ^

6,091

28.8
5 8
41.0
23 1
1.1

27.1
11 8
39.5
20 2
1.3

For notes see p. 25.




24

24.1
11 2
42.0
20 8
1.7

4.01
3.85

3.98
3.20
.03

3.74
3.19
.03

7.18

6.92
.25

6.27
.22

+ .01
.29

18.8
11.7
50.3
17.0
1.7

3.93
3.61
.02

3.87
3.26
.04

3.86
3.20
.05

7.18

6.81
.21

6.65
.16

6.41
.17

.22

28.6
5.9
51.0
12.9
1.5

28.2
8.8
48.9
P.6
1.4

24.5
12.5
49.7
11.7
1.5

21.0
14.3
51.3
11.6
1.4

27.1
6.1
46.6
18.0
2.0

26.6
9 1
45.9
16.5
1.8

8.7

14.8

10.6

8.5

7.8

13.7

9.7

8.1

7.1

15.2
9.9

28.2
19.1

19.5
12.3

14.4
9.5

12.3
8.8

24.5
17.3

17.1
11.0

12.9
9.0

10.5
7.8

18.8
3.54
6.4

38.2
3.52

39.2
3.57
3.0

39.4
3.50
2.1

38.3
3.67
4.3

59.9
3.45

60.9
3.42
1.1

60.3
3.44
1.7

58.5
3.59
2.9

80

307

803

576

123

651

17.7
8.9
48.1
23.2
1.5

23.5
12.1
46.4
16.1
1.7

3.95
4.41

+ .02

1,329

1,263

367

10. MEMBER BANK OPERATING RATIOS BY FEDERAL RESERVE DISTRICT, 1965
(Averages of individual ratios expressed as percentages)
Federal Reserve district
All
districts

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Government securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue

13.9
11.3
8.3
3.1
5.06
1.19
.70

Boston

New
York

14.6
12.2
8.3
3.6

13.0
10.5
7.9
3.3

5.38
1.38
.78

5.11
1.04
.61

Philadel- Cleve- Richphia
land mond

12.7
10.6
8.0
3.1
4.85
1.17
.74

4.75
1.17
.74

14.9
12.5
8.6
3.1
5.17
1.33
.75

Chi-

14.7
11.5
8.5
2.8

MinneapSt.
Louis olis

14.7
12.2
9^0
3.0
4.59
1.26
.78

5.28
1.22
.70

14.9
13.0
9.3
3.6
5.17
1.17
.73

KanSan
sas Dallas FranCity
cisco

13.7
10.9
7.9
3.1
5.19
1.25
.69

13.5
10.0
7.8
3.2
5.21
1.21
.69

11.7
8.6
5.7
2.5
6.03
.93
.35

67.1
3.2
3.2

100.0

100.0

Total expenses

74.2

Net current earnings before income
taxes

79.6

18.5
6.0
67.3
4.3
3.9

18.3
7.3
62.6
7.6
4.2

24.8
7.2
59.5
5.0
3.5

24.8
8.2
60.4
3.6
3.0

21.1
8.4
59.7
5.8
5.0

19.4
6.0
64.1
7.1
3.4

16.3
7.8
66.0
6.5
3.4

16.0
4.5
66.8
7.9
4.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

21.3
2.4
32.7
3.4
15.5

23.4
2.5
28.6
3.8
15.6

25.8
2.6
25.8
4.8
17.5

24.1
2.5
31.7
4.0
14.6

24.5

24.4

29.1

4.1

3.7

15.7

14.8

29.6
2.4
21.9
4.5
16.5

18.2

27.8
2.6
29.7
5.5
18.1

75.8

75.3

73.9

76.5

76.9

72.4

77.3

74.9

75.9

83.7

24.7

100.0

21.1
7.2
64.6
4.2
2.9

20.4
2.5
34.5
3.6
14.8

19.9
7.1
63.6
5.7
3.7

Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

26.1

23.5

23.1

27.6

22.7

25.1

24.1

16.3

3.8

4.3
1.5
4.1

4.2
1.6
4.0
6.5

25.8

Net losses (or recoveries and profits -\-)1
Net increase in valuation reserves
Taxes on net income
Net income after taxes

2.0
1.2

5.8
15.7

Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Government securities
Interest and dividends on other securities
Net losses (or recoveries and profits + ) '
Return on loans:
Revenue on loans.
Net losses '

13.4
11.5
8.4
3.2

Atlanta

3.66

3.80
3.20
.07

3.31

.04

6.83
.23

6.41

.15

2.4
25.7

.7
1.9
5.6
14.5

2.1
2.1
6.9
15.0

3.80
3.27
.04

3.93
3.50

6.32
.14

6.99
.19

2.7
31.7

4.02
3.59

.01

7.21
.29

1.3

5.6
14.4

3.89
3.46

6.50

6.63
.18

3.98
3.32

3.94
3.63

.02

3.90
3.42
.01!

.01

6.79
.06

7.09

2.0
20.7

5.9

14.2

4.12
3.41
.03

4.20
4.50

7.34

7.68
.44

.35

.01

Distribution of assets:
Percentage of total assets:
U.S. Government securities
Other securities
Loans
Cash assets
Real estate assets

24.5
10.8
47.5
15.3
1.6

Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Government securities and cash assets
Total deposits

8.2

9.0

8.4

16.4
10.8

17.0
11.7

13.7
10.1

15.3
10.8

15.5 I 16.7
10.1 | 11.5

15.6
10.4

15.5
9.2

17.6
10.1

14.5
9.3

44.5
3.47

33.4
3.41
4.6

55.1
3.59
3.3

59.5
3.13

3.0

53.8
3.18
3.3

40.6
3.66
2.9

48.6
3.40
2.6

38.1
3.34
2.4

51.9
3.44
2.7

31.2 48.1
3.63 3.88
3.0
2.3

406

488

Time to total deposits
Interest on time deposits to time deposits ~ . .
Trust department revenue to total revenue 2 .
Number of banks -'

19.5 I 21.0
8.5
13.2
52.0
53.6
1.9
16.3 |
2.0 j
1.5

6,091

246 j 404

1
Net losses is the excess of (a) actual losses charged against net income
plus losses charged against valuation reserves over (b) actual recoveries
and profits credited to net income plus recoveries credited to valuation
reserves; net recoveries and profits is the reverse. Transfers to and from
reserves are excluded.
2
Banks reporting no interest paid on time deposits or trust department revenue, as the case may be, were excluded in computing this
average.
i
The ratios for 130 member banks in operation at the end of 1965
were excluded from the compilations because of unavailability of data




25.9
10.5
49.0
13.2
1.4

23.4
9.5
50.4

28.3
11.3
42.2
16.7
1.4

14.7

1.8

9.6

10.0

2.9

23.5
12.1
51.0
11.9
1.4

403

487 i 996 ! 473

26.6
12.9
45.9
12.9
1.4

488

17.5
1.3

19.2
11.8
46.6
20.2
2.1

10.3

10.2

12.5

17.7
11.8

20.8
16.5

24.3

9.3
47.4

826

666

22.2
7.0
53.0
14.9
2.3

208

covering the complete year's operations, certain accounting adjustments,
lack of comparability, etc.
4
No ratios are shown for groups of less than 3 banks.
NOTE.—Figures for revenue, expenses, etc., used in the calculations
were taken from the annual income and dividends reports for 1965.
Balance-sheet figures used in the compilations were obtained by averaging
the amounts shown in each bank's official condition reports submitted
for Dec. 31, 1964, and June 30, 1965. Savings deposits are included in the
time deposit figures used in these tables.

25

11. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65
(Amounts in thousands of dollars)
Item

1942

1941

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

1,729,901

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

1,790,692

1943

1944

1945

1946

1947

1948

1949

2,214,905

1,959,481

2,482,278

2,862,875

3,097,670

3,403,586

3,606,879

1,218,517
176,620
936,554
14,564
124,696
97,995
140,340
153,589

1,079,535
179,408
1,263,788
18,386
147,761
97,264
144,734
166,794

1,008,138
189,559
1,577,633
22,315
173,791
97,456
156,678
178,016

1,013,515
201,691
1,733,690
26,090
194,013
95,420
160,430
182,030

610,298
804,717
12,084
84,309
55,148
100,652
123,484

861,412
692,305
13,513
95,332
67,533
104,710
124,676

1,090,253
680,708
17,320
107,375
78,485
112,486
128,278

1,132,977
167,198
707,738
18,860
109,789
90,617
120,317
134,782

[,215,766
211,311
302,627

1,222,157
219,388
333,171

1,256,025
225,142
356,958

1,356,680
240,354
386,346

1,522,778
266,018
424,881

1,762,634
309,220
521,709

1,981,787
344,845
602,266

2,163,514
381,756
662,696

2,283,727
410,685
700,065

13,151|
190,256!
374

174,674
336

11,541

11,775
163,900
502

12,907
186,773
1,112

14,610
233,321
2,448

16,936
268,624
2,364

18,954
298,274
2,656

20,859
316,570
3,432

22,608
328,010
3,582

509,175
847,832
139,698
' 233, i96

498,047

483,047

497,748

529,188

581,500

643,781

714,792

778,201

818,776

514,135

568,535

703,456

858,225

959,500

1,100,241

1,115,883

1,240,072

1,323,153

324,453

222,775

353,015

361,726

509,329

408,608

262,042

266,439

213,187

145,189
73,589

66,457
55,947

103,143
91,891

129,834
92,778

266,764
122,364

208,700
59,515

100,189
45,360

60,025
29,221
24,161

73,196
16,412
26,672

70,947
34,728

68,546
31,825

85,664
72,317

84,224
54,890

67,014
53,187

74,499
65,894

67,687
48,806

39,748
48,934
64,350

23,142
28,220
45,546

271,118

290,645

265,881

264,122

283,175

294,286

485,753

379,824

161,073
3

120,614

116,383

110,439

132,870

132,254

118,498

78,590
40,941

38,671
33,044

103,868
69,025

80,647
69,857

75,223
99,039

70,090
85,352

55,901
75,351

71,253
79,668

120,370
55,418

32,393
278,666
55,163

29,064
221,167
57,878

504,6221

520,192

765,826

954,070

1,204,707

1,225,674

1,083,639

1,020,758

1,156,514

50,000
50,000;

79,541
79,541

127,865
114,316!
13,549

202,821
187,032
15,789

298,795
277,538
21,257

323,328
301,048
22,280

302,242
283,046
19,196

275,422
258,490
16,932

325,148
304,572
20,576

Net income.

454,622

440,651

637,961

751,249

905,912

902,346

781,397

745,336

831,364

Cash dividends declared.
On preferred stock l..
On common stock . . .

253,396
17,563
235,833

227,608
14,523
213,085

233,490
14,324
219,166

253,193
13,645
239,548

274,438
11,769
262,669

298,983
8,345
290,638

315,215
5,981
309,234

331,833
5,230
326,603

354,144
5,093
349,052

7,224
10,844

2,600
19,645

Net current earnings before income taxes. .
Recoveries, transfers from reserves,
and profits
On securities:
1-ronts
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other
Net income before related taxes. . .
Taxes on net income.
Federal
State

i
|

333,966|

i

Memoranda:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets

18,031
46,486
19,857,387 20,030,625 18,380,838 20,310,112 23,500,772 27,768,295 33,863,334 39,650,962
19,160,565 29,231,826 50,315,698 67,231,161 82,417,236 81,835,381 70,229,835 64,291,298
6,997,406 6,802,771 6,321,794 6,088,482 6,623,089 7,556,923 8,315,081 8,872,676
25,693,758 25,922,701 26,774,094 28,042,727 31,236,090 33,286,775 34,279,792 36,247,026
1,801,014 1,678,528 1,577,765 1,496,381 1,440,251 1,449,396 1,482,219 1,664,551

Total assets. .

73,510,130 83,666,451 103,370,189 123,168,863 145,217,438 151,896,770 148,170,261 150,726,513 151,566,078

Time deposits
Total deposits
Total capital accounts 4

15,841,335 15,888,547 17,627,615
66,168,797 76,134,514 95,506,221
6,762,963 6,951,393 7,246,433

Number of officers
Number of employees.
Number of banks
1
2

57,067
211,115

54,925
216,473
13,347

13,274

13,268
3

Includes interest on capital notes and debentures.
Not included in recoveries above.




59,119
245,275

55,309
225,647

13,427

26,979,470 31,939,078 34,378.653 35,322,398 35,902,235
135,948,387 141,829,678 137,537,907 139,517,461 139,764,394
H,537,907 J9,517,461
8,334,670 9,010,013 9,527,968 9,951,200 10,421,106

4

26

62,697
271,395

65,740
284,072

67,609
292,015

69,439
296,308

13,302

13,359

13,403

13,419

13,436

Not included in losses above.
See note 4 on p. 8.

11. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued
(Amounts in thousands of dollars)
1950

1952

1953

1954

1955

1956

1957

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

3,930,696

4,395,411

4,931,688

5,483,954

5,773,787

6,377,705

1,015,456
225,425
1,976,100
31,724
212,272
104,602
180,674
184,445

983,662
249,495
2,390,106
34,595
230,507
116,140
192,313
198,593

1,099,059
276,993
2,742,100
42,295
244,696
121,868
204,967
199,713

1,206,965
297,739
3,107,885
47,850
271,444
132,978
217,996
201,101

1,272,731
324,823
3,205,894
57,550
311,806
144,140
246,223
210,621

1,333,690 1,342,842 1,442,379
351,041
412,497
370,045
3,625,528 4,339,866 4,879,676
71,048
73,562
83,815
339,975
385,927
440,892
155,004
168,497
186,815
281,841
322,117
354,520
219,579
229,068
249,828

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

2,444,534
446,043
755,681

2,701,313
486,300
864,519

3,028,575
530,035
965,197

3,375,552
582,405
1,069,890

3,638,087
622,862
1,139,013

3,960,173 4,457,198 5,119,182
666,152
720,866
773,769
1,229,756 1,372,262 1,493,778

24,745
343,040
4,296

27,343
385,344
9,667

30,871
458,059
20,921

34,591
534,493
24,171

37,197
618,341
8,556

870,729

928,142

1,023,495

1,130,0051

1,212,117

1,323,374

1,470,21

1,614,988

Net current earnings before income taxes. . .

1,486,164

1,694,100

1,903,112

2,108,398! 2,135,700

2,417,533

2,774,724

2,931,235

245,461

169,233

144,146

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

39,563
678,237
23,093

7,231,921

42,61
805,857
45,392

8,050,416

45,396
1,141,715
49,538

152,373

631,496

239,598

250,171

198,413

90,469
14,718
38,639!

56,563
15,2921
12,285!

33,806
11,191!
20,492!

38,865
11,454
27,545

416,520
14,912
60,555

57,085
20,586
39,930

31,151
14,090
41,001

64,368
9,295
20,751

28,506!
29,9711
43,157

22,595
28,453'
34,046!

22,004
27,330
29,324

28,423
18,292
27,794

34,014
57,965
47,530

27,379
50,899
43,722

20,76:
77,606
65,563

21,183
39,757
43,063

448,323

552,606

707,155

993,534

757,432

155,969)
54,160

66,670
126,173

221,232
67,276

317,381
101,830

237,480
84,996

32,018

366,932

395,687

362,444

38,721
54,518

83,756
31,680

97,512:
29,5311

23,030;
191,248!
59,414

21,215j
204,2021
54,836;

23,637
154,510
57,253

31,774
132,127
74,291

29,269
222,998
107,497

28,159
303,600
86,886

452,940

89,369

25,636
321,870
87,452

1,467,645! 1,684,813

1,812,451

2,214,591

1,949,976

2,031,360

2,372,217

Taxes on net income
Federal
State

427,776
402,582
25,194

559,475
530,810
28,664

694,883
662,277!
32,606;

786,490
750,796;
35,693

907,560!
862,065!
45,495!

793,737
753,883
39,855

814,636
769,843
44,793

998,397
947,998
50,401

Net income.

936,915

908,175;

989,931.

1,025,963

1,307,032

1,156,240

1,216,725

1,373,821

Cash dividends declared
On preferred stock •
On common stock

391,249
4,333!
386916

418,860
3,876:
414,984!

441,971!
3,675
438,298!

473,866;
2,979'
470,888!

516,977
2,912
514,066

566,124
2,581
563,543

616,890
2,389
614,501

678,101
2,234
675,867

3,565!
20,385!

2,363
28,477:

4,355
31,508!

2,232^
33,612:

3,154
40,384

3,146
39,794

3,332
42,717

2,646
50,824

6,324!
56,250!

17,725'
64,735|

25,598
64,607

38,480:
89,186;

15,841
89,495

68,140
88,417

95,505
123,529

74,529
117,937

46,250,272:
63,846,830
,043,342
36,006,423;
l,840,027|

54,533,2211
59,711,922
12,554,63
40,373,273
2,034,346

Net income before related taxes

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: •'
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets4
Other assets
Total assets
Time deposits
Total deposits
Total capital accounts'
Number of officers
Number of employees
Number of banks

1,364,690

75,800,688 86,291,628 91,493,989
63,808,049 58,257,149 57,238,574
16,294,075 16,179,498 16,725,206
45,474,318
43,510,745
2,918,119 3,255,814 3,858,353

I58,986,894j 169,207,394! 179,803,463 185,685,283.' 193,339,614 202,331,676 !09,712,780 214,790,440
36,446,656 37,271,294 39,817,653 43,047,556 46,842,306 49,311,341 51,096,090 54,969,887
46,269,294 155,460,465 165,031,495 170,075,888 176,865,497 184,734,232 90,786,522 93,993,484
11,007,396; 11,615,767: 12,270,913 12,941,478 13,761,339 14,631,680 15,553,298 16,554,663
7I,566J
312,324!
13,446

73,806:
334,961!
13,455!

For notes see p. 26.




59,999,743 65,213,144! 68,148,039
61,065,059; 60,868,295! 64,372,065
13,562,462! 14,082,070 15,209,165
42,952,8081 43,192,523 42,976,798
2.223,391 j 2,329,251! 2,633,547

27

76,754;
358,325
13,439

79,5741

376,750|
!
13,432:

82,167
386,625

84,931
408,791

88,462
433,563

91,597
452.218

13.323|

13,237

13,218

13,165

11. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued
(Amounts in thousands of dollars)
1958
Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

1959

1960

1961

1962

1963

1964

1965

8,500,949

9,669,352 10,723,545 11,069,604 12,218,959 13,509,713 15,024,487 16,817,187

1,544,023
501,978
5,046,782
94,674
486,507
191,408
379,395
256,183

1,732,174
546,253
5,856,688
111,991
531,916
205,935
426,016
258,381

1,790,341
578,783
6,698,655
108,655
589,954
218,566
460,251
278,340

1,901,732
629,134
6,891,442
117,259
630,458
223,283
502,871
173,425

2,093,207
759,030
7,578,200
139,645
681,243
237,446
543,916
186,272

2,176,454 2,240,389 2,224,711
921,060 1,085,334 1,285,287
8,516,837 9,612,079 10,999,867
155,478
173,159
204,996
728,857
781,405
842,775
248,362
280,289
304,276
573,252
629,694
689,628
189,413
222,138
265,647

Expenses
Salaries—officers
Salaries and wages—others
Officer and employee benefits
Directors' fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

5,612,723
827,142
1,573,330

6,264,207
892,657
1,684,159

6,932,820
966,643
1,831,323

48,271
1,380,575
24,161

51,866
1,580,250
78,350

56,292
1,785,086
87,385

1,759,247

1,976,926

2,206,091

7,440,492
1,028,869
1,869,961
377,494
59,794
2,106,645
37,997
510,691
224,852
1,224,189

8,589,177
1,098,146
1,975,406
419,098
63,236
2,845,283
64,325
555,670
267,885
1,300,128

9,714,980 10,897,460 12,486,120
1,183,264 1,284,140 1,392,765
2,101,1
2,234,922 2,369,259
525,692
457,033
490,732
67,469
72,176
77,093
3,464,308 4,088,061 5,070,781
106,517
127,277
189,519
608,462
670,243
731,573
311,518
362,301
411,889
1,415,298 1,567,608 1,717,549

Net current earnings before income taxes

2,888,223

3,405,145

3,790,725

3,629,112

3,629,782

3,794,733

4,127,027

4,331,067

868,115

328,889

574,826

708,171

467,061

468,450

322,104

390,368

681,554
9,646
57,145

47,277
27,946
111,447

329,322
12,927
55,568

453,730
9,934
86,574

256,987
6,241
56,761

167,445
4,046
60,516

74,723
6,633
57,284

84,619
7,114
97,435

22,439
42,158
55,176

20,551
57,607
64,062

25,684
70,211
81,114

16,825
51,817
89,291

16,902
56,610
73,560

17,913
131,235
87,295

17,383
62,313
103,768

17,962
84,001
99,237

783,213

1,361,515

978,422

935,461

836,665

883,637

1,017,299

1,177,540

58,939
12,603
95,039

49,887
12,827
63,530

88,397
11,256
72,213

85,045
9,224
63,370

Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

93,657
268,159

745,081
168,003

219,767
156,232

44,290
21,354
224,678

25,053
282,227
114,117

25,459
318,965
104,006

35,760
451,667
114,996

31,194
481,200
132,745

30,107
528,710
111,267

29,588
609,059
118,746

32,385
666,040
147,008

36,188
846,877
136,836

Net income before related taxes.

2,973,128

2,372,519

3,387,129

3,401,822

3,260,178

3,379,546

3,431,832

3,543,895

Taxes on net income.
Federal
State

1,271,459
1,198,890
72,570

884,458
832,797
51,661

1,384,397
1,300,940
83,457

1,406,102
1,317,292
88,810

1,256,382
1,159,725
96,657

1,226,783
1,130,629
96,154

1,148,203
1,050,624
97,579

1,029,162
927,423
101,739

Net income.

1,701,667

1,488,061

2,002,732

1,995,720

2,003,796

2,152,763

2,283,629

2,514,733

725,866
2,366
723,500

776,386
2,219
774,167

831,546
2,024
829,522

895,053
1,823
893,230

941,189
1,763
939,426

993,374
3,335
990,039

1,088,310
25,749
1,062,561

1,202,349
56,163
1,146,186

10,410
69,073

18,294
68,232

9,911
73,844

4,714
84,863

6,216
96,897

4,515
157,791

4,158
124,062

19,741
127,515

47,716
264,405

22,463
249,500

16,305
238,825

17,314
323,475

43,683
394,181

25,761
429,490

95,666,835
62,355,819
19,237,561
46,766,041
4,333,431

114,275,450
57,773,429
20,092,632
49,317,003
5,318,208

117,969,985
61,792,135
21,660,321
46,613,211
6,162,547

127,789,110
64,519,914
25,761,084
49,438,670
6,712,000

145,028,233
64,058,431
31,421,875
50,997,566
7,434,673

164,816,703
61,439,390
36,360,062
54,449,343
8,425,128

187,661,591
59,419,551
41,540,772
59,013,596
9,578,899

Cash dividends declared.
On preferred stock ' .
On common stock. . .
Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: *
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets 4
Other assets
Total assets

228,359,687 237,577,389 246,776,722 254,198,199 274,220,778 298,940,778 325,490,626 357,214,409

Time deposits
Total deposits
Total capital accounts 1

1
62,382,540 66,829,234 69,647,547 77,658,528 89,470,056 104,507,516 119,606,438 137,554,173
206,196,015 213,428,979 220,099,028 I- 25,214,703 243,319,550 264,069,489 187,988,560 315,645 533
17,723,575 18,738,160 19,965,172 21,288,987 22,703,808 24,283,900 26,391,374 28,820,861

Number of officers... .
Number of employees.
Number of banks

95,308
457,023

98,934
481,666

103,211
506,596

107,060
496,040

13,124

13,114

13,126

13,115

For notes see p. 26.




28

112,200
512,739
13,124

117,417
531,820

123,996
546,771

130,042
569,276

13,291

13,493

13,547

12. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS,
BY SIZE OF BANK, 1965
(Amounts in thousands of dollars)
Size group—total deposits (in thousands of dollars)
All
banks

Less
than
1,000

1,0002,000

2,0005,000

5,00010,000

10,00025,000

25,00050,000

50,000100,000

100,000500,000

500,000
or more

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

16,784,582

21,072

142,465

745,699

1,109,993

1,839,236

1,233,131

1,163,841

3,146,122

7,383,023

2,217,838
1,283,430
10,979,742
204,583
841,332
303,558
688,855
265,244

5,339
731
12,540
103
984
900
194
281

34,601
6,664
86,954
655
6,713
5,581
72
1,225

165,093
43,854
461,084
4,527
40,596
23,430
701
6,414

214,626
80,842
695,545
8,406
69,936
25,625
5,060
9,953

323,874
142,208
1,156,029
19,429
127,757
34,485
18,117
17,337

204,751
94,889
775,222
15,321
80,572
23,333
25,600
13,443

182,389
90,597
739,044
14,873
69,950
20,273
32,405
14,310

402,882
235,451
2,065,974
42,163
162,026
53,211
148,279
36,136

684,283
588,194
4,987,350
99,106
282,798
116,720
458,427
166,145

Expenses
Salaries—officers
Salaries and wages—others.. .
Officer and employee benefits.
Directors' fees, etc
Interest on time deposits
Interest on borrowed money..
Net occupancy expense
Furniture and equipment
Other current expenses

12,455,607
1,387,912
2,364,536
524,920
76,926
5,062,273
189,438
729,269
410,715
1,709,618

16,168
5,710
1,854
429
484
3,569
33
919
415
2,755

107,241
31,182
12,567
2,888
2,736
32,386
140
5,512
2,992
16,838

570,040
120,691
79,392
16,476
12,324
201,091
696
30,678
18,186
90,506

838,849
139,270
132,114
27,363
14,307
317,965
1,199
47,066
27,857
131,708

1,403,810
189,872
244,966
49,4851
16,786
545,582
2,924
82,137
47,757
224,301

942,201
115,703
176,481,
35,481;
8,002 i
364,836
2,946
56,525
33,169
149,058

888,751
102,525
166,875
35,934
5,447
348,359
5,288
54,959
33,755
135,609

2,331,393
239,341
482,803
101,909
9,500
886,088
28,174
138,880
94,060
350,638

5,357,154
443,618
1,067,484
254,955
7,340
2,362,397
148,038
312,593
152,524
608,205

4,328,975

4,904

35,224

175,659

271,144

435,426

290,930

275,090

814,729

2,025,869

389,103

625

2,773

13,604

20,663

32,119

19,614

21,930

89,798

187,977

84,128
7,110
97,346

36
35
5

346
70
63

3,156
390
269

6,385
857
1,326

10,111
1,242
2,950

5,936
543
2,689

6,481
138
3,579

20,588
497
21,720

31,089
3,338
64,745

17,927
83,775
98,817

421
41
87

1,474
316
504

5,116
2,106
2,567

4,710
3,020
4,365

2,862
5,171
9,783

894
3,427
6,125

526
3,733
7,473

548
17,731
28,714

1,376
48,230
39,199

1,174,251

1,365

7,719

46,726

72,778

120,131

75,913

73,288

202,252

574,079

84,855
9,198
63,183

31
20
12

242
80
143

2,568
1,189
653

5,091
2,419
1,621

10,928
15
,
3,590

7,611
1,198
2,357

7,162
1,585
4,688

18,528
185
16,232

32,694
536
33,887

35,796
845,592
135,627

813
330
159

2,806
3,334
1,114

12,231
23,512
6,573

9,134
44,787
9,726

7,232
80,440
15,955

1,748
52,993
10,006

309
50,829
8,715

1,332
140,118
25,857

191
449,249
57,522

Net current earnings before income taxes...
Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-oflfs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other
Net income before related taxes.

3,543,827

4,164

30,278

142,537

219,029

347,414

234,631

223,732

702,275

1,639,767

Taxes on net income .
Federal
State

1,027,492
925,864
101,628

857
795

6,462
5,880
582

34,015
31,264
2,751

59,045
54,927
4,118

100,069
94,343
5,726

71,238
67,276
3,962

69,551
65,740
3,811

211,206
198,252
12,954

475,049
407,387
67,662

Net income

2,516,335

23,816

108,522

159,984

247,345

163,393

154,181

491,069

1,164,718

8,116
5

35,715
44
35,671

55,020
180
54,840

89,405
597
88,808

64,443
855
63,588

66,000
1,674
64,326

228,058
8,859
219,199

653,595
43,895
609,700

62
3,307
Cash dividends declared . .
On preferred stock ». .
On common stock
Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Cash and due from banks
U.S. Govt. obligations
Other securities 4
Loans and discounts
All other assets

1,201,455
56,109
1,145,346

1,103

V,io3

4,158
123,696

77

7
881

109
6,567

91
1,279

278
19,215

138
11,496

301
10,104

570
21,476

2,664
42,601

25,758
427,838

1
208

2,186

175
16,664

293
31,798

1,326
57,698

1,050
36,813

1,991
35,408

7,436
77,622

13,485
169,441

11,213,644
10,499,726
8,255,868
37,277,412
1,551,859

30,689,676
18,649,843
19,057,344
97,367,027
6,108,516

60,276,798
59,012,116
44,365,449
200,216,192
10,124,042

84,984
474,996 2,357,381 3,314,447
141,125
944,466 4,457,141 5,797,710
1,668,837 3,018,538
26,920
234,891
190,135 1,366,929 7,391,564 11,215,891
394,881
243,975
4,189
33,113|

Total assets.

373,994,597

447,353 3,054,395 16,118,898 23,741,467 38,878,993 26,118,929 24,963,647 68,798,509 171,872,406

Total deposits
Time and savings deposits.
Total capital accounts 4 . . .

330,309,463
147,077,447
29,768,101

388,846 2,707,335 14,468,893 21,501,660 35,278,953 23,637,742 22,529,077
116,530 1,047,342 6,480,808 10,124,884 17,196,133 11,329,735 10,570,890
331,003 1,520,667 1,986,328 2,989,537 1,932,292 1,855,443
56,523

148,311,366
63,977,051
13,810,603

Number of officers
Number of employees. . . .

129,463
567,693

1,195
814

4,993
4,544

15,574
24,794

15,693
38,263

18,955
68,243

10,644
49,016

8,628
42,746

33,972
221,653

13,366

521

1,790

4,301

3,046

2,295

691

330

Number of banks

90

NOTE.—Data are for banks operating throughout the year in the United
States and other areas as reported by the F.D.I.C.

For other notes see p. 26.




302

29